The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1848-01-06

adopted to any considerable extent, vhsnsvsr rsvu-
sion TO test it, stability for 1t is deviation
from true principles sound and safe bsukng only
be based and conducted on money-gold and silver
Neither individuals banks lend that whish they
have no.: aud they lend credit in the shape Of bank
notes without the means to redesm them in gold and
silver they commit fraud upon he community as they
the representative Of money.
this system Of converting state stocks into banking
capital and hypothecatins It as security for the pay
ment Of bank issues not deusion mortgages upon
real estate might he used for the purpose which
would afford an equal if no. better security for the
payment OF notes and by this process the whole value
of the real estate of the country might be into
barking capital and the people into nation Of bankers
This proposition shows that the whole scheme is llusory
Free banking in it's legitimate sense the right which
every man enjoys to lend his own money to whom he
peases 1t is the exchange of money for securities to
repay with interest-it involves fictitious increase of
the circulation but may be carried on to an indefinite
extent without affecting the currency This IL the free
banking which has ct all times supplied, and does
supply the wants OF large proportion of borrowers,
and comends itself to general ondence and approval
by its simplicity and adaptation to the circumstances of
the people
the policy of incorporating mining, manufacturing
transporting and other companies for purposes appro
priatey within individual competency has been fairly
discussed and guided by the uuerring
that tn enterprises mos. successfuy and benef
ciay conducted, under the control of individual
sponsiby. the public opinion has been expressed in
the spirit Of the age in which we live against the policy
While all the g,eat departments of business in the
Commonwealth are prosperousy conducted under free
and equal competition, there yet come men, who
seem TO stand STILL while the world is going onward
around them, and who cherish the antiqusted notion,
that the tmid contracted and selfish aggregation Of
wealth under the protection Of corporate privileges is
preferable for the tr nsacton Of business the
terprise "a power which, since William Penn land
ed on these shores, in 1852 has changed an immense
wilderness into fruitful fields, and has, in this
march Of civilization and Improvement, provided
for the wants the comfort, the education and refine
ment OF two millions Of free people. What have
corporations done in this great achievement p
Where the trophies OF their generous spirit their
valor or their utility They behiad the tmesthey
belong to age that is past. The time was, ia other
countries where all the rights of the people usurped
by despotic governments, when grant by the king
portion of his SUBJECTS corporate privileges carry
trade, for municipal purposes was partial en-
Establishment, and made the means of resuming some
their civil rights Then aud there corporations had
merits, and were cherished by the friends of liberty
But in this age and country under our free system
where the people sovereign to grant special privi
lege it is an inversion Of the order of things 1t
to restore but to take away from the people their
mon rights and give them to few 1t is to go back
the dark instruction In the science of gov
ernmept and having found example, to wrest from
its original purpose and to make it the instrument of
restoring the and despotm which its intro
duction tended to correct
The falacy that where large investments are requir
ed to carry profitable business, land corporators do
not associate for that which is Improbable individual
cans are inadequate, is every where refuted in this
Further by oherishing any particular business and
surrounding it with special privileges the natural law
which secures to every branch Of business its appro
pirate encouragement and reward is violated Under
this law SO kindly provided by Him who rules all things
every individual uutrammeled by the of bad
government guided by his moral and intellectual powers
and his religious principles advances his happiness
and improves his condition. and, thus the happi
and prosperity OF all promoted Every effort
modify subvert this sovsres law by placing classes
professions or csngs beyond its CONTROL has hitherto
aud ever will like every other trangression be desTuo
tive of good II free institutions right-f it is
right that all should be held equa-if this is the
law of our nature eusampsd by Him who made then
every human law which mpsirs this equality is radical
ly and iHtrinsicaly wrong
rhar -,
my opinion proper subect Of legislative considers-
ton BY our laws, the husband, upon marriage, pcs
the power of becoming the absolute of the
personal of his wife by reducing it into posses.
sioo and when he thus acquires this uershp he
dispose 81 IL 10y will At his death, to whom be pesses
she has privilege, by law of rerouncug tho
property devised or bequeathedo her by will aud
such renuncison she is entitled to dover OF her hus
bands REAL estate of which he died seizsd. The wife
has control of her personal estate Of that
her husband during the marriage unless be extor
ted allowance for necessares and at her death
power to dispose of that which her own, by
will but the whole belongs to the husband The hus
without the consent of his wife and upon his diving in
tsate she Is only entitled to the onetbrd Of the per-
sona estate and life estate in onshird Of the real
tate, after the payment of all the debts; and if the
tate not sufficient to the payment Of the debts she
loses all But the wife cannot cucumber the real
tate she holds in her right, and upon her DEATH the
VIII ole rests in the husband, during his natural life
The policy as we'll as the justice Of this distinction
mace by the law in favor of the husband, and against
the wife may well be questioned The liberal and en- |
ghtened spirit OF the has developed and secured the
rights OF man. ana has redeemed woman aud elevated
her from the degrading position she occupied and placed
her where she always should have been at the side OF
her husband his equal In rank and dignity Then why
should her rights OF property s be- to great extent
controlled by the contracted and beral tments OF
age when her husb nd her lord, aod he might
chastise her by law IL she we're servant? Our law
very carefully provides, that the husband shall not,
without the formal Of his WIFE, convey bis real
state by deed to bar her right of dover and II
this consent given her right protected after his
death against The claims Of his creditors Now, if this
sound principle aud worthy Of the solemn sanctions
received from the Legislature and the Judiciary
why should not be extesded 30 as to preserve to the
widow her dover in all where the husband has
only by deed but by other sanctioned by the law
disposed of his real estate without the formal OF
his wife If the husband debts his real estate
eectuay transferred by the law for the Of his
creditors if he had conveyed it by deed with the
consent of his wife thu; the law at present enables
the husband by mode OF transfer to bar his wfes
dover without her consent while it protects her right
with the greatest pertnacy If be adopts another mode
is universally admitted it i, equally good
the other and the power of the husband to take it
away by changing the mode Of transferring the estate
is destructive OF sound and well established principle
and should be repealed This conclusion appears to
be irresistible and therefore recommend the passage
of law securing TO married women their right of dover
in all where the estates of their husbands are
transferred ster the passage OF the act without their
In the annual message to the legislature at the last
session aud ia several messages containing objections to
bills for dissovpg marriage contracts have expressed
my opinions upon the subject OF granting legislative d.
These opinions have been strengthened by fur
Their reflection, and shall adhere to them.
In conclusion, permit me to you gentlemen,
that shall mes heartily cooperate with you in all your
efforts to advance beloved Common wealth. and to
promote the welfare Of the people.
FRS r. SKUNK.
Harrisburg January 5, lsiS.
abstract Of receipts and payments at The State Trea-
sry for The fiscal yar ls47, Nth estimate of the
same for the gear ls4S.
Receipts lS47. Estimate lS4S
S3977,025 80 So, 1921 900 90
Balance In the Treasury
Dec. !, 1876 and lsi7.. 3Si67s 20 6s0S9O SIS
s436l7O4 so S4,6O2 100 IS
abstract Of The receipts and payments ~ the Stale
Treasury forhe fiscal year lsi7 NTH estimate of the