New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1852-02-27

p.nl;.o' is annually agitated IN our neigh
~, State of Pennsylvania, and as regu-
lsrly is it decided that the interests OF the
f,,s-trade party require the maintenance
Of the monopoly, and that the interests OF
the democracy require that the control Of the
currency should remain in the hands Of the
existing banking artstOcracy. Asregularly'
too, is the question agitated whether men
Who have labor, or its products, to dispose
Of, shall be permitted to exercise the night
of determining for themselves whether In
exchange therefor they will receive COAL
cloth. silver, gold, or certificates OF indeot'
edness by aid of which they can at any mo-
ment obtain fuel, clothing, silver or gold, as
NAV be most agreeable to them; and as
regularly is it determined that while the rich
man may in that manner simplify his labor,
the poor man may not do so, but must re-
eeive his pay in kind-and all this interfe-
renee with the rights ofthe latter is justified
On the score of democracy Singularly
enough, too, the chief advocates OF this
system of restriction and monopoly are
found in the ranks Of those who are most
earnest in their efforts to enlighten their
fellow-citizens in regard to the advantages
70 be derived from the extension OF the
Manchester doctrine Of free trade.
This il a great country, and Pennsylvania
is certainly a great State. Emphatically
the tariff State of the Union, she generally
distinguishes herself by selecting for her
"favorite sons" men who carry out the
Manchester doctrines, by trading off her
interests in exchange for Southern votes to
be given to themselves. To her the Union
is indebted for having furnished it with Dali
las, Walker, and Buchanan, the authors OF
the tariff of 1916 and to her, during series
of wears, it was indebted for an animal dis
sertation from the pen Of the late Governor
Skunk, on the advantage of free trade in
foreign coal and iron, and the yet greater
advantage that must result from preventing
the establishment in the coal and iron
producing regions Of the State, of any of
those places of accommodation called banks,
by aid of which the capitalists Of the cities
might be enabled to extend accommodation
to the miners of the one, or the shelters Of
the other. Banking he regarded as. privi
lege to be exercised by the few, and the
more closely the monopoly could be main
tanned, the greater, in his view, would be
the development of the resources of the
Commonwealth, and the more certain must
be the prosperity of its miners and me-
chanics, compelled to obtain money at Sec
Ond, third and fourth hands, when they
might, under other circumstances, have OBJ
tained it directly from the hands of the cap.
italists. Our readers will now see how
perfectly the views Of the late Gnvernor
agreed with those of the Manchester politi-
cal economists who preach that the greater
the lumber of middlemen the richer will the
farmer grow,--a proposition the truth of
which is now so well exempliied in Ireland.
At the death of the late Governor, his
mantle appears to have fallen on the Shout
ders of the editor of The Public Ledger,
and from that day to the present, our neigh
bOrs of the City of Penn have had little in-
struction in the art and mystery Of banking
except that which has flowed from his most
prolific pen, to which we now desire to eX-
press our profound obligation for great
deal Of amusement, If not of instruction.
Within the last few days, several of his
articles have met our eye, and have 50
much impressed us with the profundty of
their authors knowledge that we have been
induced to preserve them with view to
lay before our readers sundry extracts as
specimens Of the state of politico
ical science in our neighbor city, so long
the abode of Franklin, and now the seat OF
he American Philosophical Society, and as
such bound, we think, to keep itself at least
at a par with its neighbors. In the first of
these articles the question is discussed as
to the propriety of increasing the number
of places at which, and of persons to whom,
men in need of money may apply for it,
but to any such increase the learned writer
declares himself opposed, and for the rea-
son given in the following paragraph
"But who is it finds accommodation az oar banks ;
10 the mechanic or the trader who short OF means
TO carry on his business By no means. The man
who wants only two, three, or i've hundred doll ags
need not ask for al Bank unless he is able prove
In the NEST substantial way TO the directory that he
does not want to borrow money, namely, by she's lng
deposit OF two or three times the amount asked Tor
already 10 his credit. Banks for great ope
who can afford to leave twice as much on depos, as
they draw out. That is 10 say, the man who can az
ford TO fay interest on hfteen thousand dollars while
he uses but ave thousand, leaving the osher ten
thousand in the vaults OF the bank for It's use is
"customer, and therefore 10 be Accommodate In
he M. hi