Lewistown gazette. [volume] (Lewistown, Pa.) 1843-1944, 1849-07-28
EaNhING HnTNE.

The recent heavy individual failures in tA.s
place and the total ruin of the Lewistown
Bank, have Withdrawn from among Us a very
Large a2.oa:t Of active capital depression
Of prices, ana general stasua.iou of business,
followed this unfortunate crisis in our monetary
affairs Public confidence Is slowly reyI'.n5'
FOR it IS seen that many Of cur leading business
men have firmly borne the pressure and iai'A-
fully met their engagements. But iaoAfy' "hich
represents the labor and other resources 81 The
.,yanl, s. very scarce there is not sufficient
,aoit.l ,foat for even the limited operations
now undertaken. At present the paper oi
Ranks in other States, counterfeit, altered and
5enrecia.el notes, with very Slight ieayen Of
reod paper. constitute our currency. Gold and
silver are unusually and most inconyenieutIy
scarce. knowing and feeling the absolute ne
cessity Of an increase Of capital, il gives Us
much pleasure 10 inform tie public that several
wealthy ana highly respectable citizens Of Lam
easter county are abou: 70 establish in Lewis
town pirate Banking House, to 60 into opera
tion in the month OF August. The cgsi.1! cf iiis
establishment eiH De aes5iaG sEe'asigsg 20 ts fgiJ.
a.aja business q BaRkia-. OF this the strongest
assurances arc given, and the high character
and great experience OF the gentlemen concern
Cd in tie House, i4>;ses Us IL giving fail credit
10 their word Relying upon Tie faith Of these
assurances, We can confidently say to cur friends
that these Bankers viii net speculate in Real
Estate, or in the necossaries Of life; they VIII
not exact Usurious interest from borrowers, nor
Will it be necessary for them to pay heavy pre-
uiiuas 10 sustain their credit, The capita. .-:H
aa. be loaael in large sums 10 few favored
persons, 10 the exclusion Of maay others of
equal merit aHI greater responsibility nor Will
i be locked uP IN permanent leans or 7tas,rsa
a5scu;s..a-s;.sa 5sa.ls. Deprecated paper will
not be paid out al lie Banking House, bat p=r
f5a1s wil. always be paid 70 those who traa.ac:
casAcI II pas fa.&s, and such acconuodatioEs
iHsy may require, consistent " igh the capital
Invested will promptly and cheerfulIy be af-
forIed. The paper Of the Banks Of this State
which are solvent, but under par, viii be re-
ceived on dePosite, and par money paid TO de-
positors when drawn for. Mechanics and deal
be accomo1cf VIII F'' ts5oeas ss'' 7 s srdqffe Tfs
taeir stock AID carry forward their affairs pres
Perogsly.
Such an institution conducted on these prin-
cPIes, viii b. Z real blessing to this community,
a1d lis establishment viii no doubt 20 far to-
wards supplying want seriously felt
There Is 10 mystery IN banking operations,
il they are h1aei It is a simple question Of
arithmetic, easily solved by any rejecting and
o5serFant man. ii Bank " III deal in none but
paper, maturing in SO or so days, and
wilI require punctaal payment thereof at ulalar-
ity; and if it will firmly avoid all temptation. TO
speculation, il not only will not fail, but must
make money. We fsryently trust that the sad
experience Of the past viii stand as perpetual
warning against experimental aad flneg Bank
ing, ard Wild and wicked speculation. We
welcome our Lancaster Bankers, and wish them.
and trust they viii richly merit, 4 successful
career. Their Solicitor ard Confidential Agent
Is ". II. IRwN, Esq, Of this place, to whom
VIC refer ali VINO may wish farlhor information
on the subject. c.