The Bedford gazette. [volume] (Bedford, Pa.) 1805-current, 1855-01-26

the Legislature. Her manufactures, trade and
| commerce, are Of great and increasing impor-
tance, and Philadelphia, as consolidated, 10 pop
ulatien, wealth, enterprise and intelligence.
ranks and rivals the first cities OF the Union. To
make her the first among the cities Of our coun-
try, should be the pride Of every Pennsylvania.
Her interests are SO identified with the interests
OF tie State, that they cannot he separated with
out injury 10 both. A prudent and literal sys-
tern Of legislation, appropriate to her real wants,
would promote her own and the interests of the
Commonwealth.
A sound currency is essential 10 the proSperI-
~ of commercial people MI classes OF So
cety, and every branch Of industry, in their
earied interests and economical relations are u-
terested in securing and maintaining safe CIR
cuating medium. TO accomplish this result,
wise and prudent legislation is necessary. Tie
creation OF we'll regulated and carefully guar
ded system of banking, is not only sound policy,
bet brnehcial to the legitimate trade and COM
merce OF the country and aids III developing
her great natural and industrial resources. Cur
present system of banking, with the lnta-
tions, restrictions and liabilities. individual and
otherwise, imposed by law on thr>e institutions,
has become the settled policy of the State
THE checks and guards thrown around them
should not h.. l4ss.n-d or removed Their own
salty, and the security of the public, require
fth,.;r continuance
Notice of ,utnarous intended applications To
the ,,;sla,,,r "a, r,,,. karas ~, irrr,.ast ut
banting canital and savinos institutions has
Ls..n ,rtye, a. reo,,;red bv the constitution
W;,bon, d.s;r;,,, - oss,,n,.. bostil. a,f;toda
,l,,ords oll hani-s ~. nrorristy or iprornoea-
Ill ,jat r,,y he c,ilsd ior und..r the notice
,-;,,..n co,no, H. ;,s,iesJ or defended The
t.a,'ore,. ;,,,9,,,,, ,,,,roaso,atle ;rcr.as,.
orlanLs a,d ba,tL;o,- Genital i not demanded
~ ~. uarta of,bs corrrrtnitv. and win not.
and cannot ~ sanctioned bv tbe Executive. The
,,r.sent co,,ue,c;t aud financial embarrassment
ofthe country the denressed state Of trade past
evne;reoce and the niore recent expet ience Of
orr sister ctatss a, sa.n in their rninad hanks
and deprecated currency. den,on>tratp the ne
cessitv Of Ier;slat;nr cauliousIy and prudeptly
~, tb;S. subiect
Tho opobar or bsnts ard conseou4ntlv the
amount Of bankino caDitai should be limited 70.
and rsonlat4d bp tho rron.r demands Of aCliyr
and bgal,hv trade and the actnaI business wants
sa,d nncass;,i.o ~ ,l.. .co,o.,nnit, This s,olicv
bopsgfty ;s,ed 1,fssis and rorSn-d would nro-
tpct ths country from the disastrous conseoten-
ces Of inproyitent bankinq. An extraordinary
and n,necassa,, increase &c hanks and banlinr
rc;l;,;es ;r-seasons of GREAT General proSnerity.
leads 10 evtravaqant and rninous speculation. -
Snch increase in times Of commercial distress.
aooraratas and nr,Iorgs tb. evils i was drsign-
ii 70 rcr,,sdv FDterfainipp tbpsr views ] viii
not hesitate 10 sanction the re-chartprine Of old
and solypnt banks which by nrudent and care
fnI MANAGEMENT. and an honest adherence to
the legitimate purposes of their creation. have
,rsr;trd and received ,be confidence of The nub-
lie Nor will refuse to sanction The incorpo-
ra,;on of nev. banks when indisnpnsabIv peces-
sar,, and cIaarI, demanded nv the actual busi-
ress wants and Interests Of the community in
which tbev NAV be located. Ia no other. aad
un6,.r no other circumstances. can | Weld the
Executive consent
ia proro.e th5 welfare and prosperity Of the
Con.ro,N.ai.b bv r-,r,,lating and increasing
her finances, econani2in, her resources, main
famine her credit. reducing her debr, and re-
Eev;,,r her nponi. from opnressiyp taxation.
vii w. tba ob;.cts of nv anyious desire and
10 ,bs accor,ni;sb,ren, of which every ENERGY Of
mv administration viii be- directed. The pub
lie d,bt NOW exceeIing forty millions of dol
l,r ,.5 a., o,,,,ol to.ation necessary ~ meet
H.. nayment m If IS interest. seriously affect the
GREAT GRE Industrial interests Of the STATE drive la
Ror and captal from the commonwealth pre-
won't The ,,yfansion and cofnnletion Of her noble
srster, Of ednca,ion and the prosecution ofihoxe
lau6able schemes Of fheoeyolence. which at once
ber.ft dirnifv and adorn free and enlirhten-
ad neonle
r,srv consideration of State pr,de. every
=, l,,,r -
sneodv Eon;da,,on by everv available and
practicable means. To secure this object, rig
ID economy in every department Of the gov