Columbia Democrat and Bloomsburg general advertiser. [volume] (Bloomsburg, Pa.) 1850-1866, 1858-01-30
BLOOMSBURY, COLUMBIA COUNTY, PA, SATURDAY,

State government shall be wholly separated
from those Of the banks in other words,
that the IN pney transactions of the govern
mont both 10 its collections and disburse
m cnts shall be in the legal coin Of the
country, Whenever practicable, conve-
ncu. and efficient scheme for the operations
Of the Treasury upon such basis can be
presented to inc by the Representatives of
the people, it will meet with cheerful!
approval. There are difficulties in the
case, however, far greater than those
surmounted by the general government in
the establishment Of its independent
Treasury system but the object being one
Of she first magnitude, and calculated to
exercise a most salutary influence upon the
action Of the government, and upon the
business Of the banks and she people, it is
we'll worthy Of earnest consideration.
In returning the currency, single
STATE can accomplish but a moderate
amount of good, however sircere intelli-
gent and earnest it may be, without the
cooperation Of other States, and especial
ly OF those which sdjoin it. Bank notes
arc net stopped in their Gov by imaginary
State lines, nor does it seem possible for a
State altogether to prevent foreign notes
from circulating within her borders, even
by the most stringent enactmen.s We
must, therefore, invoke our sister States to
join with us in the repression ofsmall papc-
and in suck other particulars of reform as
require for complete success their co opera
tions. Meantime to the extent of our pow.
er let us exert ourselves % furnish our oit-
izens with safe and stable currency to
prcyont future financial convulsous sir,ilar
to that under which the community has for
some time been struggling; and to relieve
the government in its fiscal action from
the danger of deprecated or w'Tttlcsa
paper, and the embarrassments arising
IRON dependence upon corporations of
her own creation.
The people of Pennsylvania by tie re.
cent adoption of an amendment to the
Consti ution on the subject of Public In
debtcdncss, have imposed an imperative
obligation upon their servants to practise
economy, TO limit expenditures, and to give
their best efforts to he gradual but event
ual extinguishment of the existing puNlic
|
der the sinking fund act Of ls49, we find
our public Indebtedness but slightly dinin-
ishcd. The cons itutional amendment Just
adopted demands the establishment Of an
effective sinking fund for its payment, and
| shall consider it one Of the leading duties
of my administration 10 see that that a.
mendment is carried out both in its letter
and its spirit. l cam regard the reduc-
ton of the three mill tax on properly made
at he last regular session of the Legislature,
otherwise than as inoppprtune and doubt
less existing financial embarrassments will
for time reduce the amount derived from
other sources Of revenue Nor will any
very l,"ge amount Of the purchase mony
of The main line of tho public works be
realized by the Treasury for cousider-
able period. Il will, therefore be neoesoa.
ry for the State TO husband her resources,
and to increase her revenues as far as is
possible, without oppression to any interes;
10 order to meet her current aud necessary
outlays, the dcraIds OF her creditors. and
the positive obligation of the constitutional
amendment.
There ID great lack of consistency and
principle in the laws passed during some
years in relation to interpretations. They
have been created upon no settled, uniform
plan; are excessive in number; and many
of them unnecessary to the accomplish.
ment of any legitimate purpose They
have doubtless encouraged speculation, and
in various ways contributed 10 the recent
financial convulsion. Various and incon-
sistent provisions appear 10 acts establish
ing or extending the powers of corporate
bodies Of the same class and general cha--
acter. The tax laws relating to them are
in some confusion, and consequently taxes
paid by them unequal, while some wholly
escape any share Of the public burdens.-
In brief, our system of interpretations has
become so vast, diversified and difficult OF
comprekensiou, that no reasonable indus.
try can master the whole subject, and un-
derstand precisely where we are drifting
4 thorough revision of our laws OH this
subject, and the establishment OF general
uniform, regulations for each class Of cor
porate bodies, with the avoidance. as far
as possible, of special provisions for par
ticular corporatious, are reforms imperi-
ousiy demanded by the public interests it
which shall heartily cooperate. I have
no hostility to express against incorpora'
ticna for proper objects beyond the power
of individual means and skill; nor gener-
ally against legislative facilities for the Up
plication Of labor and capital to, the crea
ton of wealth, where individual unprompt,
ed action will not 60. But no one car
assert that we have limited ourselves t.
such a policy, nor that our laws on thi
subject have been careful, consistent ant
just
But, notwithstanding all topics of regre
or criticism in our public career, Cane
which should bear their proper fruit il
amendment and reform We may well b.
proud of this Pennsylvania of ours-of hel
people, her institutions and hor laws. Sh
has become great, prosperous and power
full; ranking among the first OF the States
aud her condition at home and characte
: abroad bear testimony to her merits, az,
nromisa for her n distinonishnd fltnro -