The New York herald., 1850-01-12
Our Philadelphia Correspondence.

PHILADELPHIA, Jan. III, 1850.
The Movement in Favor Of Free Banks-Hungary and
.5frica-Cirard Coiege-Cify Gas Works The Mar
kets, re.
The movement in favor Of establishing free banks in
Pennsylvania gathering strength with each success
sve day. The merchants In favor Of It; so
''the bone and sinsw;" the brokers' are the
spectators. All that in favor of forcing State
securities above their intrinsic value the friends
OF this new financial movement. As the capital Of
proposed free banks would be prsdcsted
loans In twenty four hours after the passage gene
raj banking law by our legislature the anticipated de-
msnd would send Penns ylvania fves up to s5 Phls.
dephis should, and must have an addition to her
banking capital The failure of the United States
Grsrd and Schuylkil banks within the last eight
ten years. has caused q vacuum Of some thirty or
vacuum, 1t must be flled up with free banks aud
State fves, for the want OF something better.
1t Is more in sorrow than anger that l announce to
the readers Of the Herald that Mile. Apoonia Jagsll
has actually promfsed herself the great question
which is now dividing and distracting the country
At the public audience which she and her patriots
gave yesterday, ut Independence Hail. she sctually
shook hands with a strappng, grinning black fellow
was undergoing the pump handle process, the other
playfully feeling the wooly locks the astonshsd
Ethiopian. Whether it was, or was not her iatention
prepared to say At all events the act elected such
shout Of applause as shook old Independence Hall to its
The Hungarians have been prevailed upon to tarry
yet longer in Philadelphia Tonight the whole party
Nitit the National Circus. This morning. Mile Jageili
paid visit to the u s. Mint and By the
director, Dr. Patterson, with handsome medal pur-
posely struck of In honor Of the heroine
bill passed the city councils last evening for thu
organization Of the principal department Of Girard
College, and which creates additional batch of
teachers and officers. The sum appropriated for the
support Of the college, for the 1850 is $e7 $50
At the same sitting the councils authorized the bor
rowing Of for the Of the board Of
Of the Philadelphia Gas Company-one fourth to be
IN carrying on the works and the ether three
fourths to be devoted to their enlargement.
The ncement state Of weather together with
arrival OF the steamer at Halifax. has checked operations
NO transactions In cotton today-bolders Small
sales Of -four for shipment at So Sale rye S7
No sales Of wheas reported this mornng Old yellow
Sc to &C., and ew s7c to 5sc. Whiskey in bbs IKE hhds
Stocks of dull to-day. without any marked change In
prices Annexed the sales at the Fst Board9 shs
sehuy kill Navigation Interest co. 10 hechanc Bank 2
s4s.0 State S. e 1000 United States 6s ~, llls Is
Susquehanna Canal Bonds So; 2NO sngton Railroad 6s
co. sA 100 do s9 ~ shs Union Bank Of tennessee. 5 II
Lehigh Interest 6 Second Boa rdS and
Delaware Canal 6s 81 @si 100 State 5 pennsyvania
Bank losai aco sshuylkill NAVIGATION 6 6s 49 go do
4g1s 10 sts Commercial Bank 55 s. xensington W. W.
6 ss shs Pennsylvania RairOaa 80 100 Union Canal 10