The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1857-09-29
NEW YORK.
The BAER SUSPENSIONS.

N.
THE BAER sUsaBEsIONs.
From The albany Avkus, 4, pt 20
me suspsnson OF ,hr banks in Phlsdelpoa, which is
equivalent seuersl suspenson throughout the aase OF
PsnzD vAnia shoofu DOS matter o. sreAs surprise
y the nstara consequence Of which before pro
The R,ner policy which Gov Seward initiated and At
tempted ipro1uoe po his state, brought Pennsylvania
70 Iepudiasion An immense rsem Of expenditure wN
undertaken 70 he caied en- ny of the credit sys
future geney alien TO pay.
went on ell enou gh Bat ~hen the crowd n fisal
e1hAused credit the system ooi apsed the
on It's public DEBT Heavy hxsion enabled Stats
resume lsyment but the works prove failure
and some have been sold, while ohe,s reusiu ~so the
debt constant oppression lon tAe psope.
But he system OF expenditure based u,on credit
abandoned ny the STATE practically ranferred the
oorpor stoDs which In the sempt create roacs
and form channels for trade travel scattered their
bonds broadcast and e for the future TO provide for
pay nent
rbe Gay when credit 10 at IN eBd md pay meps c,nn.
mences has come and tie stem has broken down
oorpt rssions, = Il ala before tne -tats.
The State NJ Maryland e1,ch undertook vast
scheme OF Internal I'm emeps by Of debt and
sh'cn the undurned q, stem to CORPORATE
which renewed 10 au0'her form ne device Of
Issue Of bonds and orp, hss In the
e money I'D Institutions IN the practical Reputation Of
vh ch Il SET he example
In the Western Stses ,be same way q systeu ~
debt, checked 10 torn by the failure OF credit
or The new constitutional hmitaonn impoaed b. the peo
pie, has br hen ont in shape under the auspices Of
the corr porsiions
All the ccntrvsnces or deb, means by which men
enjp present expendiiure and chsrse the sod
poserity rent dow 10 With the OF the specus
ton 10 vhon was Incurred Bui ~ he specuIat,ons
uncersio and debt ID certain and inevitable, and
descends with i interest, ~itD accumulated -egnt
IKE 'ha OF gravfaton, uron i1 victims, pserty has
always n surer fsom system &c improvsdent The
wj jus ice oiIevouiioh punses some debit;
the trick Of expAndsc nghlens the burden
others shd reduction or interest oompounding the
pyinci al epsb er the next alton To endure
oasees on % 1 The system OF corporate dsb
the uns. though is end sooner the pro
IT. ad siment the application or the .bsor's
~ far ~ they Co. and the extinction OF the debt
The Of the evi. times -hoh fallen upoL the
peope " be found In human nature; but exsmplc
Of state i'm providence hso DO with them
Think OF . Lgvlature spch ss that which sat IN the
U.pi.o ,.st .,h'sr toho'sn on me issue Of oiesdne
extra forced hpop the pie Of Albany debt OF
million Of dol'ars, 90 aid tho mprsoticaole scheme OF
building railroad from inis CITY 70 Binghsmtopl
Was DO. the Democratic Sate Jon. which
rscuse . fortnight ago right In declaring, when pointing
the excesses Of republican rulers thst cannot
feel that ne example Of set by the STATE naa
spread into the busDe affairs Of the people, inviting
them TO hzNdous the anuopauon Of future
by present reckless expeHdure profess debt
and ne abuse cf cred and that call upon the people
TO remedy his state OF affairs by ssabBhng sound and
| economical financial porcy at Albany"
There remsoy in politics in laws for the .pssu
i.tive exoesses which cha mode Of doing
ouspes but the Sss should cass abstain from
mepa and provocanons-snould Sc, the example Of
reckless speculation, offer bounes 70 is II
ws are sdncssSeo b, he prsvs.lns ruin, 70 loot a,
these hinEs calmly, considcraely but seruly Tho
nifty, which besio the daa OF private ard
prise, involves little nssonal dish NOR, has
fallen upon ~, unexp perody tnunderbon from clear
sk,, day We have been looking ali direoi
out the right one, snd wnoly uurrepa ed for
the bov. vetsve been look ns for yard 10 contracting
rev deos, inst "a 4 providing or existing ones Oar
niion has beer called eG from affairs and their
per governren y the ocmasogues Who nave been into
rested In keeprg up the rsme o. del slon and
The people ave been "id nst they pa interests ss
home TO oob to and INST they must turn their attention
and keep 10 exoiusvey nxed upon RansAs We must
make institutions for K-nss eget battles for Kansas
mercy for Kansas, edit constitutions for Kansas
pr, aoh, pray and poblsb for Kansas eso pro
tira leg and give the treasury 10 pluoderug
lobby, and suenoeS tne fate of public and private credit
set OF adve0iurers Oh make sp Ter raeAcity
dwbonesty, by ptirg "sound on kAnss"
II time for the people 70 look at thngS-to look
81 homo, where ,nese things forced their vi
son and not be msled oy demss and spcculators
vno h,e upon the aouse Of pablo crodulty.