The mountain sentinel. [volume] (Ebensburg, Pa.) 1844-1853, 1850-01-10

lldt tue SLOShS piCuSCG, "ooiNs oANNS-
Of things, ensure their eventual
3ayment. In times of commerc ial con-
1ulsions the specie might De drawn from
he vaults of the Bank,-the means of
might fail,-speculatiye val
ne might be affixed to property;-and
shrewd men, watching the signs of the
times, could release. themselves from indl-
vidual liability;-but the stocks of the
Commonwealth would remain valuable
and available for their certain redemption.
III ad the notes now in circulation from the
banks of The State, a basis of this charac
ter, even to a small proportion of the cap
ital stock of these institutions, the losses
resulting from failure to pay their liabil
tiles would be largely diminished. These
views are presented to the Legislature for
the purpose of urging upon it the necessl-
ty of devising means to protect our citi-
zens from the losses incurred in the failure
of Banking Institutions. In any we'll di-
gested system it will afford me pleasure to
cooperate, particularly Ill reference to the
security of that portion of the currency
entering so largely into the business of
the producing and laboring classes of the
community.
The general Manufacturing law of the
last session cBnnot fail TO be productive of
decided benefit to the State and people
Although the time which has elapsed since
its passage, has been insufficient to test its
advantages, the erection of large establish
ments in many places, which must soon
afford employment 10 considerable num-
Der of the citizens, warrants the belief
that its salutary effects will be felt at no
distant day.
Representations have been made to this
department alleging that by the erection
of bridge over the Ohio river, at or near
Wheeling, Va, great obstruction to the
navigation TO that highway has ..been pro-
duced. In times of high water in the river
the largest class of steamboats, are unable
to pass under the bridge, and serious inju-
ry to the commerce of the Western part
of the State must result from this nuisance.
Connected as is the Ohio with the line of
Internal Improvements through Pennsyl-
vpnia, and furnishing to our canals and
railroads a large amount of merchadize for
the Atlantic market, an obstruction of this
nature will have direct tendency to dimin-
ish the trade on our Public Works; to eff
feet the Eastern market; and materially to
decrease the revenue of the State. Re
suits of character so important should
warn the Legislature that speedy and en-
ergetic action is required, and that mea-
sures dictated by justice and policy should
be resorted to with view to the removal
of the evil.
The expression of our opinions on
questions more directly belonging to the
NJ i.
from the nature of our institutions, and
where they are intimately connected with
the interests of the people, becomes duty
not to be dlsregarded. The representa-
tives in Congress of the State and of the
citizens, aware Of the tendency of mea-
sures on the prosperity of their constituents
and knowing the responsibility of their
exalted position, must regard with becom
! ing favor, deliberate declaration of public
sentiment from the State they represent
Entertaining these views, and persuaded
! that questions of vital importance to the
we'll being of our beloved Commonwealth
will claim the attention of Congress, have
deemed it right, on this occasion briefly tC
refer to few Of those which may be con
sidered of greatest consequence to the wei
fare of the people.
The adjustment of the revenue laws fol
the protection of the peculiar interests oi
Pennsylvania, must be regarded as a mea
sure deeply affecting all classes of society
In relation to the policy of the Nationa
! Government on this subject, the manufac
turer, the artizan, the agriculturist and the
laborer, feel alike that their business anC
pursuits are elevated or depressed as pro
lection is afforded or withheld. In the
history of the past, they are furnished Will
lessons for the future. The events of thu
past season have afforded conclusive evi
dence, in the closed doors and desertet
buildings of the manufactures; in the dis
tresses of the laborer, and the general de
tpression of profitable industry, of the i'm
perative necessity of a system of law
which will sustain against foreign compe
tition, the employment of our citizens
: When profitable investments and usefu
capital are stricken down;-when surplu:
produce finds diminished prices; and whel
, labor is depressed, and industrious opera
5 tives are thrown out of employ;-neithe
party dogmas, nor local interests, nor sec
tional jealousies, should prevent unite
/ energetic effort in our National Represen
ta,ives, to restore the general prosperity
On the application of the admission Q
new States into the Union, the subject O
the extension of slavery will claim the at
tention of Congress. Our southern breth
: ern united by long association sand habi
: with this institution, and depending upo
it in a large degree for heir domestic com