Lewisburg chronicle. [volume] (Lewisburg, Pa.) 1850-1859, 1857-12-11
Synopsis Of the Message.

Synopsis Of the Message.
The President commences with express
ing thanks to Almighty God for the many
benefits which he has bestowed upon US as
a people, and especially for the unusual
degree of health and abundant harvests SO
generally enjoyed.
Monetary Embarrassments.
The emLarrassments the country has
been thrown into by the recent financial
crisis, claim the first and largest consider
alton, and it is intimated that they may
require loan to help the Government
through the present year. These embar.
rassments are attributed to our extraya-
CANT and vicious system of paper currency
aud bank credits, exciting to wild specula-
ton and gambling in stocks. The opera
ton Of this system upon the business and
prosperity of the country is pointed out
how it causes expansions and contrac;;ons,
AMI even nullifes the effect Of the incidcn-
tai protection afforded our domestic manu-
fac,ures by tue present revenue tariff
The remedy for these evils lies with the
State Legislatures, who should afford a
real specie basis for their paper circulation
restrict their rates to large denomina
tious, $50 first, and afterwards s50-and
provide that all banks which suspend
shall 80 into liquidation absolutely and
without exception in any case. lie gives
the dead L. S. Bank another kick. The
Independent Treasury gives abundance of
gold and silver 10 the Office holders. Con-
gress, he thinks, possess the power to pass
a uniform bankrupt law, applicable to all
banking institutions throughout the Uni
ted States, aud be strongly recommends
lis exercise.
"The existence of banks and the circu.
lation Of bank paper are so identified With
the habits Of our people, that they eau not
at this day be suddenly abolished, with
cut much immediate injury to the country.
If we could con6ne them TO their appro-
pirate sphere, and prevent them from
administering to the spirit of wild and
reckless speculation, by extravagant loans
and issues, they might be continued with
advantage to the public. But this | say,
after long and much reflection, if expert
ence shall prove it TO be impossible to
enjoy the facilities which we'll regulated
banks might afford, without, at the same
time, suffering the calamities which the
excesscs of the banks have hitherto infiic-
ted upon the country, it would then be
far the lesser evil TO deprive them alto
gether Of the power to issue paper cur
rency, and confne them to the functions
Of banks of deposit aud discount"
1.-THE Pres;dcnt's remarks on Kansas-
IN whtca he takes he Pro Siarery siae-sre
uiU gire, IN fnK,rM comments, nert reek.
Tie Public Ledger-a strong Buchanan
papcr-says:
"The trouble in Kansas is reviewed at
some length, and a speedy termination of
it by the adoption of a State Constitution
is considered desirable, for then the ex-
citement which has pervaded the whole
country will be confined to her own lin.
its. The President thinks, and many
others will coincide with him, that entirely
too much attention has been bestowed
upon Kansas affairs, and the sooner she
is left to manage them herselfthe better
The Mormon Squatter Sorretgnty.
"No wise Government will lightly esti-
mate the efforts which may be inspired by
such phrenzied fanaticism as exists among
the Mormons in Utah. This is the first
rebellion which has existed in our Terri
tories; and humanity itself requires that
We should put it down in such a manner
that it shall be the last. 70 triAe with it,
would be to encourage it and to render it
formidable. We ought to go there with
such an imposing force as to convince
those deludsd people that resistance would
be iG vain, and thus spare the etfusion OF
blood. We can in this manner best con-
vince them that we are their friends and
not their enemies. In order to accom-
plisb ,hi. object i, will be necessary, &C.
eordinE to the estimate Of the War De-