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

. number Of he eadips banks q PAladelphia, which
have proved thslr Aovenoy In hsS oheerfni wiIsgu
70 pay sll their cScustoo. Tne facs above ssstsd
The ncveaspg confidence N hankisg nSuions W the
part Of the mschap and others shoun enter into the deli
berAusns q tAA Govsrnov ana hs fsn and should
ssns % coaGrm .uspsnsoo or 70 relieve our banding a.
utoss un)s - shall be iuy estsblsaod 10 thei sasis
faction hst these stituons hsvs doue al In their 20 ,er
70 meet the dsmspds that may DO made upon them and
In shs oonpscon we oasnos avoid he expression n our
prns the nsch.pios mel chants man uf.uursrs and 20
tive dsAius In this city and throughout ID, ooany,
should be considered only next 70 he noeholders shem
the stringent law Of 1850, 10 much oouphinsd Of has
In reality, been public blessing But for that lev We
Specie sns ss not gong TOO ~ q 81 thai has pre-
vented ore than one fraud on the part OF hse Who have
formerly bssn VEG ready 70 s..ns" and "s.pa.d" N
win saiiny the people thai this law should be rgidy
enforoed sgaDst the banks.
s,s,ns sgsasurs 70 sake up this sansos rhs pvsssu,
members we're chcsea without ref 10 the present
state Of ssTs Their readiness to ahartsr banks aud
banking capital, during the lat session, ID n0.0rioas
What nd Institutions most derire-whss
chants, acturera mechanics and builders realty
nrsd-s reihsr ha..y legislation nor party action On
that posnisg rash should be no; and tho
banks lbemstves deeply concerned In taxing no stop
that may give Ise to combinations against them IN oil
pen purposes suspension has taken place through
the state the law Of 1850 Arred Into feet
therefore that poshug wruid be- lost By referring sne
whole question the members shortly TO be eeoed mo
chosen - hey vi be ny the electors shat are nov dis
cusrpg In their workshops In their counting rooms aad
,her fans the present condition Of a6Airs woald be
far apt to reflect the popular ~ han the Legislators
who wee chosen In 1866 compA Atvely short zine
remains between now and the Oaober cieoou and IT, q,
proroseo tho should be called together
the Sl O. 0csober, is deliberations will, ia all probaoty
be Interrupted the day ri lie oion itself II the subject
Ia foed to the members the opportunity would ne
given ascertain The condition ,f The various oanka
soupd and No, ana support or Dstny earned
IN the interim II viii doubtless be exte15eC
1t believed ny many sound hnxers OF all pa ties
that In the present condition VI the country
ano o lste amoun OF specie srown n be In the hand
Of the people, 10 within the po OF the banks, by
fa' OF their credit and the means they have st ner
command though may be derable loss TO toen
TO be spie 10 redeem al, Of their either 70 note
holders depo itors, 10 distant cay this be 10,
sacfco rhoud preveu hem from com molyDg with thei'
obligations In vew OF the many sacrIf1ea whcn have
been made by ndivicua 10 mairsip their credit III the
hanss lacy should not hesitate . moment TO make An
Ii he found that 'h"y have neglected o. refused this
they can c'. no ~ pAshy from the paoho nor vii
Our banks must not forget that while for yesrs they
have btea extending fAvora a1o leading mooey =
,her own friends, at ihe low rate OF .ix ps. cen
deDrc, beginning win the fail1rs OF the Lao
caster sasipgs nstituiion and the Lancaster Bank
and enciDg We tope vim the present cris there were
hurdreds and Thousands of merchant mechAoi0s
acsore-s, builders and bu Dess men Of ali casss, who
were paying epcrGous raes 70 msinan their credit With
circumstances 70 ALLOW them /, issue deprec lated %
currency FOR the beDei OF their customers wien
rave means to prevent TO the great pury OF the rest d
the con monty,
Since the above article was written We understand ths
Governor Pollock his official advisers have do
n convene the Lessat re rueedsy the 9Th Of October
proclamation of sho Governor Will be ed
today We deeply regret this step bus that Il has
been decided upou We have oDy 70 sa that the proved
ngs o tire Legislature III be watched with jealous inter
est rne banks and their bscEers carry any
II We may Judge from past experience What tho MAJ
stand and tho community approve 10 another and very
different thing
Tho bapks should seek TO public confluence ny
the model alton ard justice Of their appeas rheY should
hroa themselves upon the good or all parties
Lsgisature-upou the generosity OF tho people ARy
oiber any atten,pt 10 furoe Law through BY
means Of tho lobby viii inevitably reaS ssAins ,heH
They should recoec thai the whole mnuuty ID dled
with and voutionAry ideas subjr Of bsas
ing; ans tbry would retain wis back public ooae
dence thoy must SEX for Law TIL viii stand VI.
| foiest ana ssverest inyeetgaun Our legaatws mas
represent the hin s sentiments Of tho masses and uev
defy the appeals Of the men who are ready e.
Harrisburg 10 the Of nquy by nd vocating
| scneme, aster how infamous.
Governor Pollock ID about W conclude his torn of o
he has undertaken great responsih,ny In caiiSg tna
Lefsstpre together He 10 tho head Of state govern
mcDt We have lost character th oughoi hs Un.,n by
this last enhlon cf ecH pay mems Oar good
Ia uafucfd edit assailed by .he press
cities Let not Governor Polocs dshrnor himself o.
yielding TO the projects OF those who only seek their
ends And constantly forget the true interests Of the sAia