Sunbury American and Shamokin journal. [volume] (Sunbury, Northumberland Co., Pa.) 1840-1848, 1848-02-26

l
By our bsnks Of neses under the denomination of
ave dci.es. Some Pessoas even 20 % far a. to
adv.sa,e the prohibitioa Of the Issue 10 roses
under 90. Nov. ID youos ceuotry like ours.
paper currency 10 not only advantageous. but
necessary. The immense increase OF our active |
population requires q proportional increase of Q |
circulating medium. The productions Of onr |
mints are not. and cannot be sufficient for the !
wants Of the people. Great quantities Of coin |
are exported yearly to pay for foreign goods.
while other countries can exchange their produc |
tons for the limited purchases they make Of our |
5mmodities Specie 10 daily removed from cir. !
eu,st,on by those who hoard it, and much !.
worked np BY jewellers All our exrenses in |
Mexico must be paid in specie. Thus. there is
q continual drain Of our hard money, and its
place must be filed +; and this must necessarily
ne done by its representative. raper. Prohibit
the issue of notes under $40, and great rart Of
our circulating medium 10 destroyed. In the
meantime. Pennsylvania vii, be overrun, a. it
now Is, with the notes from other states, which
are thereby deriving profit that our state should
enjoy. There 10 not sufficient specie in the conn
try for the wants ofthe people and IL there was
no circulation Of rap-r 10 replace the deficiency,
Q stagnaticn Of business would be the conse.
qu-nce. Pennsylvania may - well increase the
amount Of her active capital by allowing the 10.
sue Of notes under the value Of SIS. a. New York.
New Jersey, Connecticut and various other
states. II is better to have paper on bsnko Of
our own state than to BE- forced 10 use that from
abroad. The want Of authority in our bank,,o
| issue small notes is a restraint on the produe.
! tivrn-ss Of their zap tai. and co, s'quenly an
! injury TO the country. Tfthey had the power 10
issue small, notes. those Of other states would be
driven from circulation here. and We ould have
the paper Of banks Of whose soundness we have
better means Of Judging II is a destructive po-
,icy for our legislature to refuse TO our institu.
tons this privilege, that is manifestly beneficial
to the state That there is necessity for the is
! sue, is proved by the immense number from
other states in circulation here. If the supply
OF specie were equal TO the demand, there would
be no notes in circulation. The supply is insult.
fcent. and of eonrse we must have recourse TO
paper. and FIVE notes of the denomination OF 81
are certainly quite as valuable as one of $40
! We must have notes. and there is no difference
in the principle between issn . Of those Of the
denominations Of one or fifty.
U THE TREATY OF PEAcE was prob. biz Ia d
before the Senate on Wednesday, and We hope
has received immediate action.
Extract Of Letter from the Editor, dated
/ ..t WASHINGTON, Feb 81, 1918
Washington, during the session Of Congress,
is never without some incidents Of excitement.
Rumors and events arc constantly occurring
which afford not only food for reflection. but
themes for gossip and letter writers,-ihe latter
are now class almost as numerous as the eigh,
hundred clerks that subsst in this capital and
"city of n,ogn cfnt distances" a scene Of q
in the House of Representatives TO day. at about
o'clock The Hon John Quincy Adams, who
was sitting Al his seat in apparent health wa'
seen TO fall suddenly back IN his chair S.vera
members Immediately rushed 10 his assistance
He was carried OFT IF the hall to the Speaker!
; roou prostrstr and almost lifeisss. One side O
his whole body 10 completely paralyzsd, ant
though life is not wholly extinct. it is doubtfn
; whether he can last until 10. morrow. Frobably
il the venerable statesman could have been rer
; mitted TO make choice Of the day on which hi
earthly pilgrimage should terminate. he woult
have se,eeted the 22d of February the day which
with the lih Of July. on which his ilustriou
, father and the lamrnted jefferson died, are mos
{ sacred to the memory Of American freemen. Th
5 event. though not wholly unexpected, has cas-
considerable gloom over the city The Hou.
and Senate Immediately adjourned. had jus
fairly got myself seated in the ladies' gallery o
the Senate chamber, which was crowded to tx
cess, and while listening to the debate on the bill
for the relief OF the heirs Of Paul Jones, Mr.
, Burton rose and made the painful announcement
and stated that Mr.. Adams was probably the
breathing his last. in the capitol OF the Union
His wife AMI most Of his family are with him
Mrs A, is now occupying one Of the eommite
=, rooms below. while her dying husband, surround
ed by his friends. 10 in the sp-aker's room above
+ While in the room 10 day with him, she swoone
away. and had TO b- removed below. II 10 sai
that Mr.. Adams always desired that he nigh
finish his earthly career in Congrss', and il
: now more than probably ID, I. he will expire i
the walls Of the capitol itself Is he cannot be rs
, the same. though little warmer.
!. There are rumors sfoat, and generally belie'
ed, that tscaty Of peace is now in this city. an
that il will Ne accepted. This is. Of course. OF
IL rumcr but il in general and 10 believed b