The star of the north. [volume] (Bloomsburg, Pa.) 1849-1866, 1857-05-13
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thousand dollars of an increase TO the bank.
ing capital OF the State in one week by the
act of a Governor who, two years ago, in a
veto message TO the Legislature, opposed the
indiscriminate increase Of banking capital.
To contrast this aci Of Governor Pollock
with the sentiments expressed by him a, the
session Of 1855, in his veto Of the Po,tslown
bank, and show now widely his opinions and
his actions are apart, make few extracts
from that document. II is peculiarly appli-
cable 10 the present time.
"But the number oil applications is no JUS,
criterion by which 10 determine either the
wishes or the wants The community in this
regard. Their number and The pertlnaciiy
with which they are passed, have startled
and alarmed the public mind nor has The
favorable action Of the Legislature, in granting
these demands, served to allay the apprehen-
sions and fears thus excited. The policy Of
the past lew years may have been too severely
and unnecessarily restrictive; yet this policy
should be preserved, rather than abandon the
State and the interests of her people, 10 the
destructive influences Of wild and reckless
system of banks and banking. Tha, come
increase OF banking capital is necessary in
certain localities, will not be denied that a
large increase is not demanded, either by
public sentiment, or the public veal, is a
truth equally deniable. In the creation OF
banks, sound and honest discrimination as
10 number, locality, and the demands Of
Ilade, should be exercised. The sudden and
unnecessary expansion Of the currency should
be avoided; and whatever tends 10 produce
suoh a result, ought TO be discountenanced
and if possible, prevented"
This was the deliberate opinion expressed
by Governor Pollock two years ago, yet al
the same session of The Legislature he set a,
nought his own doctrines, aud signed nearly
every bank bill that was presented 10 him,
where the legal requirement as TO notice had
been complied with. 1t is fair to presume
that he intends 10 sign all lhe bills passed al
This session, having already forgotten 10 exer.
else that sound and honest discrimination be
once promised The public. No such discrm.
ination having been applied thus far, there ia
no reason to believe sf,at it will be. The facl
is that the Governor, although an honest and
weh'meanlng man, has not :he uerv, to ro-
sIst the importantly of bank applicants, and
the pressure brought 10 bear upon him.
The House was engaged all day in the con.
sideration of the Senate amendments 10 the
General Appropriation Bill. They were gen.
orally concurred in, including the section de.
creasiDg the rate Of State tax on real estate
from three 10 two aad half mills on the dol.
lar, and increasing The pay of members of
the Legislature from $500 10 500 for the ses.
sion. In order to avoid direct vote upon
The section increasing the pay of members,
the amendments were agreed to in a body.
Members dislike 10 have their names record.
ed in favor of voting extra compensation into
their own pockets, and resorted 10 this arlful
dodge 10 accomplish ii without seeming 10 DO
so.
The Senate is at work on the bill for The
sale of the Main Line, and, go far, il has had
a large majoriiy in lis favor. II seems 10 be
a foregone conclusion that this bill will be
pushed through The Senate without being ma.
terially amended. M.