The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1857-10-01
PENNSYLVANIA.

Il scene to be gereralIy oonoeoed thai shs the time
ana nos the opportunity 70 apply remed, 70 our bank
ng stem The evils suffer sprb NOT 90 much frvn
bsnhs from the unsound p,inpss VI osusiag on
wnuh The, rest New gusraasees ressvsine OF no ord
nAI y 1Afacter ana remedies sna empty
= oeosivs hope, mps, auvely demaloeL I.
10 MT for journalists, mara line VI Tor
vec.,e Inc pccy snsh Our o.n %. On oeriesce, ns
example sad eaperenoo OF sister aacs, sno Ne ~aats
CenoOn Of me p1bhc At The present n0nsn indcase
The consideI AL m suggested BY .. exeeaoy
asirs reAAe tois., cesrns house syskm, -, s.on
usaDs aud hsoa.ss u ,he baak,; 81, aw % rsga.sss
pf0p6rt ci specie " "a Amount Dot OF more c'rcu
isuGp Of ensirc nAoiss of he oanki ., aa ia
creased speco loo, BY absshsg al no4ss asdes
. CERTAIN cepomiaauoR; and, bn, IN Que ums,
more rs4ioa change Ihe whole sstem OF banking bAa
bu, fear not far enough. 70 prevents recsreD0? fs
mons Iary like hat whca oxisD, l. voud
make bic The inf rmson pscessary for safesy
require d, Dy me Ass Of trade Or s
ssselnsy presen, toe actual Good n,n Gf
secre notd 70 lneI sith quite mech catch
nsss .. they now seep from mar ,oeaolders ano do
po.ICJs III specie IA .. Ia looked up their vauit.
hGeeo, les.p, evein saso snowr tnas bsaks have
led,e 81 the sUs on Of eaoh ner toey
~ fvr inlsrsene 10 suAsain n h MAMA
eD 10 Use he mldess pnrase, has Compelled sn
appeal 70 them for support rhese are evin Of o, ofd
narJ nAx nit1oe, end the selfIeproacn -no ~nlch
lnem should o, de iadusemeot to ersdiose
Me by ~0ich kLey have pesn producsi. wes,e
anxious notSd " ~ iarher, and 80 Ask ourselves
D, sha mean snAn po,onooers Do protected, hos
~ all o.oo1nu DO resu..cot
ehal ~e " n. st least, require tha stAe
stvsks sbau delosted security Tor tho payment Ia
spc.Ie u she Ds go 81 the Dsok or 81 ali 80 aD
psn ali ppdsr sns deno@iIson Of ts eny dslasf
These ques,ions wrion ocgnt l. be scaled B1i vne
tber tho o,tl nedss reform Of Mia And a
sreAer sa erAy toicrsLoo Of tbe pros ,ns nsees,
oJnsic essoI snas mu,t eve as psase H,seyef toh
nay be- peoy uLs4 ncus In favor OF soue la
regulate ,hs line OF osooDpa " be Ao ed 20 me cas
on0s oa1s. hoan DO longer Do oosns thas one man,
.ne her from favor or for pfont, nhAii % Ah5wed 70
draw from ssns one and " mo sssad doilArs
loans, While ihe meroh ant. tho uascsurer, u fAr
msr ssa lhe Arussp 10 the smasss amoani
OF n,edi, The undue VI sooommoda Ion gssa to
the s mach taken rom tne ~snv o. the osnsS
spor for instance, ON, oy the aid OF bank mo
~sic he 10 enrichieg bimseH7 Hs iuj the
(aad amoog ooosu the hbo Ing saan fsc's The
-, ss s,o and psSbsc. oscs pas Of ous
mess that nrr merchant Of limited capital VINO
for be want Of . portion 81 The yefy aosmmotstin v
that mas been grated " the large DORA or,
mas been vb.ry usseie /, enLer the marxet - . pa
obaser These facts, vhioh ninarsu ms 70
sub oannoa be sainsayed. fhas TOE Frscace s wrong
osprss be oenied and ,hss the evil mast be remeded q
nos The senllncnt Of fes Who ere 'mpsaiarg from
sense Of and iha,y but NE oenAnd o. hs
reorre H. they may npo hal thcr ssock wfl
become worthless In tneiS hands.
Al prs sent the oircuisirn Of bark allowed 70 be
lhrse nmcs re amount Of tae bullion In i0 vsus Bat
this IL suhl1isnt NO security 70 the depcsito~s,
sne perni %, es, 90 pan ION @ 90 sso small spsos
The noes Of bank ,h., our special wonder thas sach
ps,u asle vsa ever tolerated Ills particular ueme Ia
We w,Il nc, .,.emp no % eaeor,s u. su ,j,c, ba
We are ipcrea W think tha long - ne are ocnGed
have sarks the should be onehird fourth Of
,pecie 70 be amour, u liabilities .nahsy usy be for
pops in caroeiston deposits hand, ~ otherwise THIS
nmisa vould ssVs sncrd ssoury 70 tne ncse hoie
ana ,hcy being psoure ere ooed be "sans banks,
therefore suspensons, vhe depostos would ros
lahe alsm org - hc noAr holders remained salAacd
sHB yHAscrAL cRrsis.
TYrom The phuadelpnis Pcnnsy lvaniAn, ecpA 2p.
~ NAV ed no etsxci
In the m,nstny crisD. fhe ssren has Improved but
rorm mode of Acsos ba, each parsuips m own course
We rtaArd This manifest error In thef p,ucf +, aad
exceedipsly earet n for In this hour Of trial. 10 wnlch all
ossses are involved se are DESTROYS approve rather
bring rehe 10 . suffering ocn msniv Bat v clcx 70
our minds hat The banns should have aaed In barmoY ~
rerevs ID, mssves and the people such soou VIII briog
them ssrepeh and cnhdencc, but vhiht donprns eaeh
other shey oaDpos expct 70 regain pu'io confidence 20
fer the community has mApiessed ssons ncilnAaon 70
any un and prao sep for the rcuef o. he
ruwips credit OF noble CITY Bus sfn the absence uf
copoevt snonG the banbs, and Of Information ~ 70 their
real ccndios but nse can be done ros days We have
refrsned Nom the expression Of any ops,cn remedy,
for shs thai Are scaiy van ing In nforma,cn
~ 70 the ext<ns u the disease. We had hoped ore this,
be in possssson Of se Bsids picture Of he bsnss and
10 ave formed Idea 10 what should be the policy
Of the governments toward tbcm Until this informajsn
can be bad We must sudcr In the dark some say The
banks are all col, en and that they viii be Abi 70 resume
In few Gays IL ibis be %. resum-u n the best RENE
oy IT, The other hand their nabntes and N
merchants are s,ch 10 forbid sae idea ef cary and
pc msneni resumption, then Ne must look for
OF relief
GOV Pollock has called special session Of the I-sis
ature 10 convene Tuesday next, bu in vhss way
enced the banks and the commonly does no,
seom 10 have been fdfy determined n 10 raid on ,he
streets that the Legislature 70 esanye the suspension
but this idea surely not seriously entertained IL
hardly probable hst NE Lesslsiire win stemp 70 inter.