Newspaper of Bedford Gazette, 23 Ekim 1857, Page 2

Newspaper of Bedford Gazette dated 23 Ekim 1857 Page 2
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i—— ■■ II I inn -tm I inng Mfflgw ■■ THE BEDFORD GAZETTE. Bedford, Oct. 23, BSi>7. B. F. Meters & G. Vv. Benford, Editors TUE PRESENT MONETARY TROFBLE3. The terrific whirlwind, before which the wealthy totter and the needy tremble, stiil lays waste the world of Trade and Finance. Crash follows ciash—wreck succeeds wreck—until now a sea of financial ruin threatens to submerge the entire country. Indeed, the prospect is too gloomy to dwell upon. Let us therefore, turn from the effect and consider the cause. Let us j dismiss fiom our minds th contemplation of the j present evil, and endeavor to find a preventive of its future recurrence. The failure of the Ohio Trust Company, we believe, was tire first symptom of the present distress in money matters. It was immediately followed by the suspension of a targe number of Mercantile Firms arid Tanking Institutions, llow the business relations of the Ohio liust Company, could have been so infimat-'y con nected with the affairs of several scores of banks that its failure should directly cause their ruin, we could never comprehend. The fact is that it smacks, to us. very considerably of inten tional fraud, this business of a whole tribe of commercial h-.is.>s suspending simply because the Ohio Trust (ompauy collapsed. Some few of them, may, indeed, have been seriously at fecied by tint -uspension, but the majority, doubtless, did not suffer from it, in the least, and onlv pretended that they did so in order to ex cuse themselves in shutting their doors against their creditors. These last belong to that class of rich (?) men whose speculations are not jus tified by their capital, who live beyond their means, and who, consequently, do business on afalse basis. Such men are alway praying for a money crisis, in order that their own ruined fortunes may be covered up by the general wreck. Alter a number of heavy failures had occur red, it was quite natural that depositors and note holders should make a "run oil the banks in the immediate neighborhood of those failures. — The alarm-bell was rung. Every thing was hubbub and confusion. Business men lost all confidence in each other. Every body jostled his neighbor in order to get his paper converted into coin. Everybody strained his utmost to get his hand into the vaults of the banks. And here the torrent ot the panic shoulu have been staved; here, at the counters of the banks, which should be the asylum of the distressed in mone tary troubles, instead ot the vortex of ruin that they are, drawing into their treacherous whirl, their confident and unsuspecting victims. But those institutions, resting on sandy foundations, and being, themselves, but rotten fabrics, suc cumbed to the force of the storm, and shut out the crowds that were beseeching them for help. The cry was immediately raised, "There is,no specie in the country! It has been exported to foreign lands." This may have been true to some extent, but why did tne banks violate their charters, by draining their coffers of their specie so that their gold and silver remaining in their possession, was not in legal proportion to their liabilities? It may be true that the inducements for banks to lend out their coin, were very great, but what right had they to speculate con trary to Act of Assembly? If railroad com panies, in order to pay their European loans. Wf're ready to give their paper, at a ruinous dis count, for specie, the officers of the banks should have had honesty, as well as common sense, enough, to avoid such exchange. If, therefore, (as their apologists say) the banks have beer drained of their specie by exportation?, thos< institutions did not comply with the require, ments of their charters, for every issue of spe. cie from their vaults, except in payment oi debt, when the amount of gold and silver in their possession is only in lawful ratio to tin sum of their liabilities, is a gross and deliberate fraud upon the commonwealth. It is a palpable fact that our banking system or rather its abuse by the banks, was the primt cause of the present monetary troubles. It may seem to some persons, that it was only a stcon dary cause, but such must certainly fail to ob serve that the wild and visionary enterprises the fast living, the fashionable falsity of keep ing up appearances, to which they attribute tht origin of these troubles, are all fostered and en couraged by the banks, yea even, in many in stances, in violation of law. The next Legis lature should, therefore, thoroughly revise, and entirely remodel, our banking laws. They should be particularly careful to give the batiks no opportunity to hide their real condition from the public view. They should compel them to publish a full exhibit of their affairs at short intervals. They should restrict their issue to such excess above their specie capital, as would insure but a reasonable profit to stockholders.— They should confine the issuance of Bank-bills lo the representation of larger sums than those at present represented by our small note cur rency. We have faith in the next Legislature. We hope that our corifirb nee is not misplaced. Tin: VOTE i Oft ill Ell BE US or AS SEMBLY. The official lelurns of this district, show the follow, g rtsuit . Bedford. Somerset. Hay, I). "2330 1902 Burns, D. 2329 1803 Castner, Opp. 1970 21fif Stewart, Opp. 1952 21 It) Mr. Hav it w ill be seen, beat Mr. Castner, 92 votes in the district, and Stewait, 170! (Jen. Burns beats Stewart 70 votes, but is beaten 8 by Mr. Castner. T?"Our paper has been somewhat delayed on account of our boys taking a holiday. OK THE GENERAL ELECTION HELD IN BEDFORD COUNTY, OCT. IS. 1857. tWr. Judges of the Supreme Court. Senator. Assembly. Prot'y. Sheriff. Treas. 0. Poor. And. "Z~~l Z"~r ~r~ 7T7 h! | t >, ? r I ? ! ? | H | ? . $ |A ? . ' S, S § 2 § I! i I i S. i § s. S 1 £ 5 § i -5- 1 '*• 2 2 x 5 8; 5- j i ? - r To ? ?• 5. - •?" 3 r- C £ ? ' 5 - - f. .* - ft • 4 DISTRICTS: S a i" ? § i o § ' j - - - - S- - - 5 - 3 £ 7- ® ' a ' - J 3 " \~ZZ Tl ~M2 ~~98 ~10 "77 Tis "*97 .""w 6 01 122 120 106 100 112 1!! na!ll8 117 111 119 110 121 117 123 10<i Bedford Borough. - -- - 13 - 1 U-. - „ l& 125 jog 1 210 118 223 222 131 13.7 210 113 2 S 117 101 109 211 141 227 131 21* 170 Bedford 1 owiiship. --*2 22 &> •* (8 ,- 9 r , 9 5 g 61 30 19 19! 1 (12 40 03 g-1 i 37 62 1 49 02 49 03 49 03 Broad Top - - - a. o ' J. * .... , , J7 97 00 00 131 90 129 129 97 98 I If, 109 109 117 lit 109, 123 101 127 9* 12- 93 S?'"vVv " - - -- 79 13' 00 179' 13j 00 ISO ISO 13 13 00 00 179 13 179 179 13 12 177 IS 17.3! 17 172 13 173 15 179 43 179, 13 K : it . . <w 7 1 01) 69 r.2 ; 20 61 64 55 55 20 20 09 08 (8 <1 .1 0. 72 67 j OS 71 68 7 1 6s ,4 68, .1 Harrison ' . .. . ®, .2J " 2 64 10b 00 63 62 109 109 o Oj 00 71 100 67 64 105, 107 6! 106 , S 92 62 no] 61 108 6,3 107 64 Ids, Hopewell • 171 17) 60 60 6 8 171 67 170 170 66, 61 166 6s ic.sj 67 14 74 169 6,7 169 06 no (,G f™: << 96 45 00 96 45 00 91 94 II 41 00 00 99 12 95 93 17] 15 96 43 i„ 7 ! 39 97 411 90 49 98 45 66 -14 V J \. rrv u -. J -6 39 T 76, 10 1 76, 76. 41 41 2 2 S3 37 76 70j It 14 79 11 7)! | 44 75 4,; 76 13 76 43 76 43 Londonderry _ , > J0 8 v 104 „ ;; 122 i 22 102 132 102 102 132 132 98 135 ma j 132 102 132 101 131 MM 130 102 132 Monroe -- - - - - ~ lIU 58 g* g.j 52 172 100 161 166, 109 107 159 111 165| 107 162 io&> 165 10s l(Jf. 108 159 112 ? apl n ■ |. n a tn " " --! JQ 100 30 19 101 25 30 50 101 104 15 15 55 12.3 49 19 129 129 60 IIS 50 130 g.j ]2 5 53 120 19 129 19 130 !u Providence tp. - - 49 00 30. U 10 . > o ou g s Ji3 5, 5 l 119 149 51 146 51 lift 51 149 46 151 35 145 50 116 West Protrtdence <• - - f 130 19, 50 U 16, ,4 1. Q r . 2g ~g 2y 30 40 ~2 o U ! 52 , 9 go 09 Schellsburg Borough, - - - j .1 9 57 r ,O 50 5 6 61 51 56 55 59 59 53 62| 53 62 52 61 53 62 62 53 56 57 < uhamnton ' - - - - 166 43 00 166 13 00. 166 166 40 10 00 00 166 13 166 166 43 43 163 43 166 13 164 43 160 13 160 43 166] V, Southampton - t S ,l 160 177 106 161 181 1M 153 181 MS 192 |:;3 205 151 I*?S 156 185 150 182 - 155, 0 b. uo m m 124 , ;)1 , 34 123 13 - , 2 , , S4 J37 12t ' n t 12! 131 124' 131 i," I .®? ... ~r t. tn j , U .s 1 13-5 136 ' 121 l'l 137 137 00 00 133 139 122 11C 16t MO 132 141 162 109 128 142 i: 3 110' 133 139 132.1 11 So'u h 6 \\ oodbeVry ?* I- - - ll" 102 1 113 102 T 10S 108 92 92 1 1 124 92 114 114 100 102 107 lift, 127 8S 107 109 113 103 111 104 113, 1.01 Za Tu rj2o 231? 1572 1571 336.139,2 157 1814 2329 2330 1976. 1952 2284 1992'2352 1919 2236 2056 t' / _ The vole oti Hit" Proposed Amendments lo the Constitution, stands as foliows: For (lie First Amendment, 2443; against it, 112. For the second Amendment, 2439; against i!, 147. For the Third Amendment, 2439: against it. 112. For the Fourth Amendment, 2434: against it, I !4. Gen. James Burns. Bv the official vote of Bedford and Somerset counties, for candidates for Assembly, published elsewhere in our paper, it will be seen that Samuel J. Castner has eight majority over Gen. Burns, in the district! When we remember that Somerset county last Fall, gave 1100 ma jority for the Union Electoral Ticket, and that our own county gave but about one fourth oi that number, for Buchanan over all opposition, it seems indeed a triumph for a Democrat to come within eight votes of being elected in such a district. Gen. Burns had an opposition ma jority of about eight hundred to overcome, and he lacked but the few votes just mentioned to have proved successful. His defeat is a far greater victory for him, and for # the Democratic party, than Mr. Castner's election is a success for that gentleman, and for his Abolition sup porters. Nor did Mr. Castner obtain his elec tion from his own part}' friends. The twelve Democrats in Middle Woodberry township who held Samuel J. Castner dearer than their own principles, have the honor ol sending that candidate to the next Legislature, to vote and work against the doctrines they profess to cher ish. A number of Democrats, whose devotior to their party was just strong enough to mak them stay away from the polls, can likewise share that honor. But the old gray-haired vet eran, who at the call of his party has ever been found ready to assist in fighting its battles, anc who so gallantly threw himself into the breach when the odds were so fearfully against him, though beaten' by a trivial majority, stands this day a head and shoulders taller with the Demo cratic party, than he ever did before. Gen. Jas. Burns did a good work in the cause of De mocracy, and they who aie its advocates will not soon forget him. The Vote for Senator. We give below the official vote for Senatoi in this district, by which it will bp seen that the majority for Mr. Schell, the Democratic candi date is 221 ! Another such a triumph as this is not to be found in the annals of iVnnsylvania politics. But one year ago, Somerset rolled up her majority of eleven hundred for the opposi tion, and Huntingdon, we believe, gave them four hundred, whilst Bedford was Democratic by something over three hundred, making up a solid anti-Democratic majority of twelve hun dred, in the district! And this majority Mr. Schell has overcome, with 221 votes to spare, being a gain for him in the district, of about fifteen hundred ! At the defeat of Gen. Koontz, Mr. Schell's opponent, we do not, personalty , exult. Our triumph is a political one—our victory is that of principle oyer expediency. We are heartily sorry that a man of such fair talents as Gen. Koontz, should have allied his political fortunes with a party whose doctrines, we believe, he secretly despises, and that he should have chosen to let a sett of party demagogues shape his course, who succeeded in cheating him out of a good office in his own county, with the promise of the one for which he has just been defeated. The vote stands as follows: SCHELL, Dem. KOOXTZ, AH. Somerset, 1716 2305 Bedford, 2457 1844 Huntingdon, 1892 1695 6065 5811 SSI-4 Schell's Maj. 221 David Hay, Esq. The Hollidaysbnrg Standard is very jubilant over the election of Dr. Christy, of Blair county, and Dr Houtz, of Huntingdon, Democratic candi dates tor the assembly, and in its joy, exclaims, "See how the pills worked!" It is quite certain that the pills did work in those counties, but in Somerset and Bedford, they wouldn't go down, as acertain Dr. Stewart, of Somerset County, late Abolition-Know Nothing candidate for Assembly, can abundantly testify. The people sagely concluded that the Doctor might stay at home, and that DAVID HAY, the popular candidate tor wliorn the Democrats and Old Line Whigs ol Bedford and Somerset, cast their votes, should represent then: in the next Legis lature* As we prophesied he would, v: .en he was nominated by the Democratic District Con ference, Air* Hay ran an unprecedented vote in his own county. We congratulate him most heartilv on the successful issue of his can didacy. Old Somerset Redeemed! For the first time for many a long year Som erset county is to be represented in the Lower House by a Democratic member. Her people, than whom a more honest community are not to be found in the whole Commonwealth, have at last been awakened to a sense ot the misdeeds of Know Nothing and Abolition Legislatures. Too much praise cannot be given to the gal lant men who sacrificed their own individual interests to bring about this glorious result. We would instance particularly, the triends oi DAVID HAY ESQ. ,in Elklick, Brothersvalley' and Milford townships, in allot which there are Democratic gains, over Mr. Buchanan's vote. In the first there is a gain of 90 votes, iu the sec ond, 51, and in the last, 17 ! in Quemahoning tp., and Stovstown Borough, there are also heavy Democratic gains. The former, last Fall gave the Union Ticket fi9 majority over Buchan an ;at the last election Wilmot had 11 over Packer! Stovstown gave Buchanan 10 over the Union Ticket, it now gives Packer 22 over Wilmot. This result in these last two districts is attributable to the influence and exertions ol our old friends SNYDER, CAEHON, HITE, RAINEY. Da. PATTERSON, JONAS HOOVER ESQ., and other sterling Democrats in that section. In Addison tp., the fight was very close, but the Demo crats of that township are invincible. Suc:i men as Jos. HENDRICKSON, JACOB WILIIELM. and their co-workers, are bound to conquer in a good cause. Our old trieud, R. R. RODDY, ESQ.. who is at present sojourning in this district, we understand, also did bis duty in the contest. Northampton, Allegheny, Shade and Larimer townships, and Berlin and Wellersburg bor oughs, also gave handsome Democratic major ities. Old Somerset has done well. Win. .>■ La IT. Esq. In the late severe struggle between the Anti- Know Nothings and their dark lantern oppo nents in Somerset County, Wrn. J. Baer, Esq., who is well known to our citizens as a lawyer of marked ability, was the candidate of the fir mer party, for tbeoifice of Prothonotary. Air. Baer has always been a decided Democrat, but ran upwards of iSO votes more in the county than were poiled for (ten. Packer. His oppo nent, a Air. Scull, ran behind his ticket in eve ry township in the County. His majority over Mr. Baer is only about 200, whilst Wilmot has 53b over Packer, and the Union Electoral Tick et had 1100 over Buchanan last Fall. The Democratic party will remember Wm. J. Baei lor his noble conduct in the late desperate tight in Somerset county. ('orrcKpondeitie. DES MOINES, IOWA, Oct. 5, 1857. FRIENDS MEYF.P.S & BENTOUD: — Here I am after a long, but rather pleasant ride. The cars carried me to lowa City, and the coach from there here. I had formed many big notions of lowa : but, I tell vou that every one ot them came short of the icality. lowa, notwithstanding the money crash, is filling up. 1 presume that many of the emigrants whose wagons dot the road over the Prairies anil whose family fires at night light up the woods along tile road-side, don't know that such a thing as a money crisis lias come upon us. The effect here dosen't appear to be veiy appalling. The genuine, solid land holders say that it is a good thing for lowa. The artificial capitalists will be routed out and solid men will tale their places. Those who can't pay wilfbesold out, and good men w ill buy. Many say that the emigration in 1858 will be equal to that ot 1854, with this difference, that the buters will be better men. Capitalists in the East now have their eyes on the fertile, rolling, black lands ol lowa. I think I could give you an instance in our own little town. Til mv travels so far, I have never been out of sight of timber and often passed large bodies of it. 1 have frequently crossed fresh running streams. Coal mines fre quently occurred and game abounded bet ween all the huts. J often wished for my friends Dr. Watson, Jo. Claar, Stilller and Cramer to pick op, or rather Jou-n, the prarie hens as th--y fluttered up from about the coach wheels a; they rolled along. Chicago, Davenport, lowa City, Fort De Moines, <!\x., &.c., as you all know, have many attractions for business nun. Many mother and daughters might find them equal in som

respects to Bedford. I will give you more particulars when I set you. Yours, &c., O. E. SHANNON. J'or iht Gazette. At a special meeting of the "Hopewell Kith Company," held at their armory, on Monday the l'Jth inst.,the following preamble and reso lutions were presented by the Committer, am unanimously adopted : WHEREAS, It has pleased Almighty Cod, ir the dispensation of His Providence, to remov from our midst, bv a sudden and calamitow death, James Fluck, one of the members of thL company, thereby making a bteach in our com pany, as well as in his own parents' family circle, and causing his parents and friends t< .mourn, Therefore Resolved, That while we sincerely regre the loss, and deeply sympathize with tin friends of the deceased in this afflictive dispen sation of Providence, we deem it our duty t< bow to the stroke, and humbly submit to tin will of Cod, anil we would also earnestly com mend the bereaved to the Fatherly care of thi Parent of all good, who knows what is best in the children of men. Resolved, That as a testimony of respect du to the deceased, this company meet at the ar mory, at 10 o'clock, dressed in uniform, am proceed with muffled drums to the house of th* dead, and assist in performing the obsequies. Resolved, That the Armory be hung in mourning tor sixty days, and that each memhe of this Company wear the usual badge of mourn ing for the same length of time. Resolved, That a copy of these resolution he sent to the parents of the deceased, and tha they he published in the "Bedford Gazette, and "Inquirer and Chronicle." WM. F. JOHNSTON, JACOB DEAHL, R. F. MOSON. Committee of Hopewell Rifle Company KELIKF HILL. The following is a correct copy of the Re lief Bill, as it passed both Houses and was sign ed by the Governor: AN ACT Providing for the Resunption of Specie Payment: by the Banks and lor the Relief of Debtors. SECTION 1. Be it enacted by the Senate and House of Representatives of the Common weaftf of Pennsylvania in General Assembly met, and it is hereby enacted by the authority of th* same, That the provisions of every act of As semolv, or of, incorporation or re-incorporation heretofore passed, declaring or authorizing th* forfeiture of the charter of any bank, saving trust and insurance company, or corporaliot having banking privileges: or inflicting any penalties or authorizing any compulsory assign ment for or by reason of tbe non-payment ol any of its liabilities, or the issuuig or payinj out the notes of oth>-r banks incorporated undei the laws of this Commonwealth, though not specie paying, or its loaning or discounting without the requisite amount of specie or spec.it funds, since the fir>t day of September, A. 1). IBf>7, he and the same are hereby suspended until the second Monday of April, Anno Domi ni one thousand eight hundred and fifty-eight ami all forfeitures and penalties, ot liability thereto, heretofore incurred, or that may b* hereafter incurred hefoiethe said second Mon day of April, under such acts of Assembly ot of incorporation, or i.-incorporation, for or by reason of the causes aforesaid, or any of them are hereby remitted; and so much thereof a> prohibits any bank from making loans and dis counts, issuing its own. notes or tin l notes of oth er banks incorporated under tbe laws of this Commonwealth, though not specie paying or declaring dividends during the suspension o! specie payments; or from loaning or discounting without the requisite amount of specie or specie funds, as aloresaid, be & the same is hereby sos. pended until the day and year aforesaid, and any such bank during such suspension of specie payments may declare dividends to an amount not exceeding six per cent per annum on its capital; and this act shall extend also to all banks saving trust and insurance companies, and cor porations with banking privileges, chartered or re-chartered under any law for periods here after to commence, and to the payment of stock to all banks iiuorpbrated by tin* Legislative a its last sf>sioi). Sr.c. That in addition to all staterm-nt: anil returns now required by law,urh and eye rv bank in the cities of Philadelphia, Pittkoiin and Alll-gheny, shall, on the tir.st discount da_\ in January m xt, and weekly thereafter: am every other bank in t!:is Conmifinw( alt'i nn th same day anil n. nthly tliT> alter, make u| 1 statement, t > be verified by the oath o affirmation ol the president or cashier thereof I showing first, the amount of its loans and dis : counts: second, the amount of specie in the pos session of and owned by such bank, and the | balance due from other banks, in distinct items i third, the amount of its notes outstanding ' fourth, the amount of deposits, including indi vidual deposits, and balances due toother banks; which statement shall he published in the next succeeding issue of a newspaper of the county in which the bank is located, or if there be no newspap'-r in such county, then in a newspa per ot some neighboring county, and any vio i lation of this law, or failure to comply with it: provisions by any President or any Cashier ol any bank, shall be a misdemeanor, and each ol ' the said officers shail, upon conviction thereof I he punished by a fine ol not less thau five hun dred dollars, :ior more than one thousand dol lais, at the discretion of the Court, one.halt tc ! be given to the prosecutor, and one half to the I county in which uch bank is located. ! See. 3. T"at the said hanks are hereby re j quired, until the second Monday of April afoie : said, to receive at par iri payment or all debts due or to become due to them respectively, the 1 notes ol all the solvent banks of the Common wealth, which paid specie I. r all their liabil -1 ities on and immediately prior to the first day of September last, and which shall continue solvent : and the said banks are also hereby au thorized to |av out in ail their business trans actions and discounts the said notes so long as the hanks issuing the same shall remain solvent, but in case anv President and a majority of the board of directors ol any ol the said hanks, shall certify to the Governor, under oath or affirma tion of the President, his apprehension and be lief, ttiat anv hank in said certificate named is in an unsafe condition, the Governor shall thereupon appoint three judicious persons, not interested HI sard Bank, as comwisssioneis, to investigate the condition of such bank, and the said commissioners shall, alter taking an oath or affirmation to perform the duties ol their ap pointment with fidelity, forthwith proceed to make the said investigation, and report the re sult thereof within ten days to the Governor ■ and if the officer? of the said bank shall refuse to permit the said commissi meis to make such investigation, or to produce any books or doc uments necessary lor that purpose, or it the said commisioners,or a majority ol them, shall re port that the said bank is in an insolvent con dition, or conducting its affairs in violation ol law, the Governor shall thereupon issue his proclamation, declaring the charter of the said bank to be forfeited, and the said bank shall he deprived of all the benefits ol this act ; and the directors thereof shall forthwith make and exe cute an assignment, in the manner provided bv the act entitled, "An Act regulating banks," approved the Sixteenth day of Apiil, A. D., eighteen hundred and fifty, and the expenses ot such commission, including the compensation ol the commissioners at eight dollars perda\- each, shall be paid by the bank again-t which it i> issued, unless the report shall be favorable to its condition, in which case they shall be paid by the applicants : Provided, That no bank shall be required to receive the notes of any hank a gainst which a certificate may be made as afore said,at any time after the delivery of the same to the Governor, until the commissioners shall report in favor of such hank, after which the notes of such bank shall again he received as re quired by the provisions of this section. Six. 4-'. That the several collectors of taxes, tolls arid other revenues of the Common wealth, and also county treasurers, are hereby author ized to receive for Stale purposes, lije notes ot the solvent hanks ol this Commonwealth though not specie paying Banks, in payment of the said taxes, lolls ami la-venues ; and the State Treas urer is hereby authorized to receive and receipt tor thesame. in the same manner as though said hanks were specie paying. Site. 5. That the deposits by the State Trea surer, or to the credit of the commonwealth, in the several hanks and other corporation s< and all bank notes which are now or may hereafter he in the Treasury during the period of suspen sion aforesaid, shall from time to time, on de mand of the said Treasurer, be paid by the said banks or other corporation respectively, in spe cie, in such amounts as may be required by said Treasurer, to enable him to pay the interest accruing on the public loans of the Common wealth. SEE. 6. That upon all judgments heretofore entered, in suits commenced by writ or other wise, or which tnay be entered during the peri od herein before mentioned in actions instituted hv writ, or otherwise in any court in this Com tw nweaitli or before any alderman or justice ol -the peace, on judgements obtained before said officers, if the defendant shall be possessed of any estate in fee simple within the respective county, worth in ttje opinion ot the court, alderman, or justice of the peace, the amount ofthe said judgement, over and above all in cumbrances, and the amount exempted frorr levy and sale execution, he shall be entitled to a stay of eN'drutirtn thereon. on judgements ■ nocv obtained or tube obtained, on suits now brought, for the term of one year from the date :>f the passage (,j (Li.n :mt. And on alt olfcefs, fbr one year, to ! error puled from the tii >t dav of : the term to which the action was commenced and every defendant in such judgement mav have t ue same st.rv ofex-woli' a thereon, if with in thirty days horn the passage of thisact, or within thirty days from the rendit ion of any fu ture judgment, he sliail give security to be ap proved ol fry the court or by a judge thereof, or hv such alderman or justiceof the peace, before whom such judgement was obtained,far tne sum recovered together with the interest and costs : Provided, Tt at this section shall not apply to the wages of Jii*n-, nor to debts upon switch s.!av of ex* cuti.7ft"is expTPssljr waived by the debtors, nor to judgments upon which a stay of execution has'alt>ady been taken under ex isting laws ; Ami provided. That the provisions of this section shall extend to judgment entered ot to be entered, as well upon bond and war rant of attorney as upon mortgages to secure the same, and to arrv subsequent grantee or owners of the pr emises so bound, as well as folhe drigin i i obligor or mortgagor : Provided J art her, That said stay of execution shall not apply to judg ments or mortgages, or on bonds'secured by mortgage, unless the interest thereon shall be paid within sixty days after the accruing ofthe same, in such funds as the banks are authorized by this act to use. SEC. 7. This act shall take EFFECT immediately, except the third section, which shall hat go mto operation until th>- provisions IOL this act are accepted as herein provided ; but no batik or other corporation shall be etntbra-ced within its provisions more than thirty days after the pas sage hereof, or aft* r any bank shall have strspen d.dsp'ClE payments upon its notes or obliga tions, unless the stockholders of such bank or other corporation shall, before the ex pi rat in ofthe said thirty davs, or within thirty days alter any hank shall have suspended specie pay ments u|>on its notes or obhgat:on6 y at a meeting to be called by the directors thereof for that purpose, on ten clays public notice, in OOP or more newspapers, accept the provisions of this act bv a majority of votes of said stockholders to be voted and counted according to the pro visions in the charter of such accepting bank or other corporation regulating the election ofiii rectors, but to make such acceptance valid t here shall be filed in the office ofthe Auditor General of this Commonwealth a certificate that this act has been duly accepted, und-r the com mon seal or such hank of other corporation, at tested by the signature ol its President or Cash ier: and each ofthe said banks accepting the provisions of this act, shall also pay into the Treasury of the Commonwealth on or before the first dav of January, Anno Domini one thousand eight hundred Si fifty -eight, or within thirty davs after anv Dank shall accept tr.e pro visions of this act, a sum equal to one fourth of one per centum upon the capita! stock of sa.d ! ank in addition to an v amounts they are now by law required to pay. See. 8. That the forty-seventh section of the act approved April sixteenth, one thousand eight hundred aud fifty, entitled "An Act regu lating banks," be and the same is hereby repealed provided, That all suits brought, or now pending for forfeitures or penalties under the section hereby repealed, shall not be affected thereby. Sec. 9. That the Legislature hereby reserves the right and power to alter, revoke or annul the charters of any bank or banks, corporation or coporations, accepting the provisions of this act, whenever in tiierr opinion the same may prove injurious to the citizens ofthe Common wealth, in such manner, however,as to uo no injustice to the corporators. SEC. 10. That no banks, savings fund, insur ance or trust company, shall directly or in directly purchase, or be concerned in the pur chase of the notes of any of ttie incorporated banks of this State at less than their par value, and any and every of the officers of said insti tutions violating the provisions <f this section, shall be deemed guillv of a misdemeanor, pun ishable upon conviction by a fire of not !<ss than five hundred dollars, nor n;>re than one thousand dollars,one hall to be paid to tue informer, arid the other half to the use of the Commonwealth. SEC. 11. That no stocks, bonds promissory notes, personal property,or other valuable secu rities-. hypothecated or held in pledge, either with power of Attorney attached, or otherwise for credit or money loaned, shall be sold for the period of six mouths from the passage ot this act without theconsent ofthe debtor, debtors, or party hypothecating or pledging the same, being first had and obtained in writing. SEC-. I'd. That the notice required FOR p* l }" ments provided in the charters of savings turn, and trust companies, on all sums exceeding one hundred dollars, l>e and tire same is hereby ' * tended for the period of two months, during the period of suspension ofspecie payments authori zed by this act. DARWIN A. FINNEV. Speaker of the Sen dt. J. LAWRENCE GETZ. Speaker oj the House oj Representatives- APPROVED— October thirteenth. Anno D nr. MI one thousand eight hundred and fifty-seven. J AS. POLLOCK —On the back ofa Bridgeport two-do! tar bank bill ntleman discovered, a day or two ago, the foUowing: "Tli-s is the last left to me of an ill spent fortune of §l-0,000. The reason of my still' being the possessor of this is occasioned by the bank having, like myself, suspended." The Norfolk thiy \hjt a pait ofthe holi and some eight thousand d* Jim >- v - 1 ' ofthe goods ofthe Norfolk had washed ashore. The goods w ere sold it! the different di-t.u •• frorn fifty to sixty per cent, salvage waallow on the gross amount ot sales. —Two children were poisoned in Jersey i.-y on Thursday afternoon, by eating seed ol stra monium (stink-weed) plant. One ot them a * > six vears old, died on I morning, u! other, a girl four years old, * ill recover. —Travellers from the *est state that tin' wheat in everv direction remains in stack, i •- farmers, as a general rule, having thresneu n more than they want to; their own use.