The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1857-09-29
PENNSYLVANIA.

THE sokETARY crisis.
From the PhII1depnia PeDosy van an SCOT 29
Tho monetary crisis having come, people onoe moro
breaihe freely and hook matte, fairly in There
NO uouaIy Dependency shrinking from those daiss
~Dicn altered rrcu upon almost every
ran In the communir Al rdAy ~ay the feel
ng Of retsrnns confidence Unused itself generally
healthier snd more cheerful Spcc, some Of the banss
sio all hesr noses, an ali, oeheve, -iih but t~oc
~ pAyrg specie ins, notes OF tse denomnatons o
ave and doars ana adopting also such with
regard ch'cp, ~ teooed materially 70 the convenencs
q ,bose hasiDs pay,ceas a. MAKE These conciiaing
measures readily responded 10 by the pabnc, and
E,perous spft forbcaraooo pcrvsded all classos OF
Men longer ,ook The side ~ ar
f. aIrec sousdsA ops in ali scc,sns Of the
Upsos the wealth II the country and the mtg OF
reef coming each one would patience, sod ali
sst 10 bring affairs right again by industry and opera
ton Tbe oopnden, belief witon took posscssion of
pubic mind, that the Indebtedness OF the different bsnts
acted nee. sootnney upon the excited mssses ana mad
them and hopeful for the fusurc. Indeed,
aeiy oonsrsois.s the com nun, upon having we.sersd
The bark ma, be safely brought 70 port once more
The cossr uAop Of specie Ray ncs upon notes Of The
demonauon OF nve and zen dollars vas wise and pru-
aepi ssap, and mus' be coosnaed n all hazards. me
nuny would not tolerate any measure calculated 70
0nI nos .sa g. s o muo
exp rience 70 asai5 be cursed with such currsncy
used 70 ntst sa,e, and ujure the business Of IL
cuzsrs rbere abundance Of gold and silver 70 fur
nsn circuatrg medium up that poin, required by
healthy condition or wade and oonmcroe, and those in
must see hat hey are kept 10 asuvc circulation. The
unity have win prudence and forbearanoe
The bapkf 10 now incumbent uPou these nstutons 10
strain every nerve 70 keep their charter engagements
~ith The oommuoity. bs he done, there vii DO
want Of ynpahy and opcrp ion on The pas or the
community at this crisis
rgB SUSPENSION OF rHa PKrHsyLvAsI BANEs--nx-
IRA SESSION or ruB LEGISLATURE
TFeom tue philsde, pbis Pres, sept IS
seem, " he uncerstood ha, ,ht Governor Pennsyl.
vsus, the sscrey ~ the Common eaih, and the Alton
pey Gcnra ~ the State, have seen comforting With the
presidents 0f the various backs this city, upon the
psdiancy a. calling exvs session Of the existing Lesis
s,uss for the purpose Of exsndug relief 70 those
astUlors thst have suspended spsce psy nroash
OH he aas. Whilst doubt the nocessy bonedt OF
legislative Interference In his mater every observer
The events Il the rsg t~o weeks have anticipated
some such movement sich has bean the course
versl former occasions Of monetary embarHss
Hsbould be steadily borne In mit a. however t,st
the commenhy and the banking institutions are i'm .
on better condition as the present me than any
g. msr perssd of financial difficulty We have bank
" toe Unisd States touerpg 70 lie fall Ia our
lSS7-nctes cnly for dollar, bu, repre- senine
Inter mediaiey, do wn 70 sx and quarer
We havc he nmense resources OF the california gclo
unes pourirg 10 upon ard the rich lands Of
and Nor bSfst invurs An unpsusng stream of grafton
rom thc Oa World each en- igrsst bringing With min
suTsrsbuncsnt sld products win cexn move
the ssshosrd TO- msrtet The developsmfns nj OF our
~osl teos, sud ne resu tDs revenue Within an tgsu
yt.ta, Bsve rtsn pvodgioHs fhesc fscu N. pelsved
vs. msny, should tsvs prsvsntet the present state Of
,hrgr oy suggesting proper precautionary
ne psr. ofue banks sud tnev soon resore ansn
sUers % sound ana substantial ION az ou unless
tD'trfeied wtA nv bssty sud i advised legislation
Sucb ate The seuefs aspects Of the case as Il nn~
stands, snd W gedy s@d 10 toe inprrgnsple position q