Page 1 of 21 Apr 1841 Issue of Tioga Eagle in Wellsboro, Pennsylvania

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Tioga Eagle (Newspaper) - April 21, 1841, Wellsboro, PennsylvaniaH shall appear in by to and from bump e True Atoff nation i nature in every Vir Fety i j aimed at nothing Ahall kits pages cause Eek of the most pure. It Terry offic Beouy guaranteed by tic n of both magazines ears past foil b re Guhnar is and the did i in them have Brwn id read and the firm j it tone of the critieista., it literature of where approved it St of contributors i the names of the writers in with e re number of English have appeared Durlyne ear irom the pens of he Ingraham author of a e. V n Frost Philadelphia. C. Lito oks Baltimore. R. Wines Ivo years in the Navy. Maryatt author of Peter Sim to. J. Morris new York. It England by Kemble Buler Phila. Jamin new York. Errold England. Neal charcoal sketches american Boz Otis new York Finnan Baltimore. Rest Thompson Philo. Amp or Dresden n. Y. Solle editor saturday Ost. Mellen new York. A. Ler editor of Columbia spy Lor of Gourney Hartford. Citrine ii Waterman phils Stephens n. Y. Ill in Gand editor of the monthly Magazine. Tugo merr England pm and e. Leolden editors Clay Conner Phila. Imp Jones Baltimore. City. Elicit Boston. Is Dunn English Phila. Ion to this Brilliant array in to Fame the s of a Host of in Noyons Fri i Dmary abilities have Given character to the pages of the the series of Well known pers entitled crusing in have had a run unequalled ibs Publ had in any Maga ears. The author promises 5 first of a new series of Iles of the sea us known abilities As a de a scenes and life much May Pon from him in maintaining qty of the Magazine. A e expected during the vol rom the author of the Well Icci entitled the log go the author of Strain and also lend his powerful in pen to sustain and increase Ion of the work the Val if the author of leaves from port jus also been and we expect some More thrilling from the Capa s a Jong life in the him 10 amass. Nal Civit Chat with Jeremy d Oliver Oid fellow is also i 111 a variety of Choice arose and verse from various Eil Brity As contributors to Lent magazines of the coun editors of both heir services under the new t. Wuh such an. Array of Talle of Unn Valk a attraction be promised the coming Tol As paid i . Corn r Oft 3d Pepper spite cinnamon for f. H. Smitti in .11 its various is done to order at my go d. B. Show. On Iron i Scriber 13 now receiving 69 Ted Ikon from Mil com itch will to sold for Cash As Low otherwise As in Northern Edwin by Jim. Sept. 9lfi, 1840. W. Hazard wry a d co in Llor Atlar. Tioga co. A ibs pins Cloret d Crow bar it of w Lity for tale f d. B. I a. Printed and published every wednesday by j. P. at year payable yearly in Advance or 56 the year. Vol. . 36. The Promise. How Oft didst them pledge and vow thou Wolf let Tor Aye be mine and my fond heart itself so True la mistrusted just seventeen years ago Eliza m. Was i he prime of Young and Maiden by Beauty As fair As the Rose that bios Wellsborough april 21, whole no. Bends its head to the summer Zephyr ind yet at times As wild and reckless As the playful school boy that sports on the Edge of the Rocky precipice. She was Junt such a being As youth would love. I have seen her in the midst of gaiety with a dimple on har Cheek and a playfulness in her manner which in fuses its influence on those around her. Julany an Eye at such times was turned Upen her with Many a Mem Ory frequently called up to mind the smile that played upon her countenance when directed towards him. She was Al such times in her proper sphere for thu whole Cost of her character beamed Forth in spoke in the playful throw of to Well turned Arm in the Graceful movement of a Sylph like form and n the merry step of a pitty a natural volatility she a Noble and generous heart. In her Intercourse with society it was her Inton Tian to pursue a Correct and honorable course. But she knew not herself. The n inning Grace of a Njuty the Hinkle of Gayev and the Power of Faith , never failed to admirers around the Orin of . Eliza Murry knew the Trust of this she Felt the full Force of her attractions she could read them in the pleasure which her smile give in Mac Many eyes which rested with de Irgil upon her and in the web of Conquest which she wove Liy the flashing Vith an afto unt of capital Stock paid in the common purposes of change among not less thin three millions of dollars the citizens in their various tranae shall be holders of their own right of tons. I these embarrassments Are in not less than three thousand dollars of doubt edly in Many instances a severe the Stock of Faid Bank Ami extending hardship upon the Community but the a like proportionate qualification to the question presented for consideration is directors elected in All the other what Lier this Mode of Relief would not and further providing that persons to in the end be More injurious to a comm mity than the temporary inconvenience they now suffer. This pro vision would authorize the and circulation of Bank not for less than five dollars to the amount of six Mil Lions of dollars and upwards and to a highly com Patent court Mas decided that under the Laws and Constitution this charter exempted it from the operation of those resolutions of the legislature without proof of the ascent of the Bank to be bound by those resolutions and now it is proposed by this Bill to extend a Mest Liberal Boon to the Bank with out subjecting it to the Laws and regulations of the legislature which control the other Banks of the Oommen wealth. Bat in relation to this Section of the Bill a Neon More grave question is presented. The 25th Section of the 1st article of the Constitution of this be elected state directors in the Bank of Pennsylvania and the Philadelphia Bank shall be stockholders to the amount of one thousand dollars and in the Columbia Bank and Bridge com Pany to amount of fire Hundred dollars. This whole system Here pro might then Well despair of seeing a Dol p09ed to be established of rec hiring Iho Ijar of specie in circulation. Directors of the several of this May be adduced Commonwealth to be the holders of in favor of a limited amount of Smarr Slock to go Large an amount seems to notes for a Shoi t period Loaid in the me to be exceedingly resumption of specie payments the n places the control of the Banks Al Lorce of which has nol been conclusive once nne hands either of the Rich or upon my mind the amount authorized of Large st0fk jobbers and Stock by this Bill and the period of time do holders. So far As respects the coun Reg which they arc permitted Are in try Banks in particular its operation Jud ment greater than can be re Wjt of a hard one. It will amount to Quidd a the exigency of the occasion a disfranchisement of some of the most or than the people of the common competent and efficient Bank directors wealth would willingly to Erate. The Commonwealth eventually latter part of the same Section too for place the Banks in far loss competent the nest time in the legislation of Ehn hands than even those that Bow Man sanctions the Issue of age them. The Banks Are already Aris no portion of our citizens iocra5i0 enough without the addition of with banking or discounting with out Eis months previous Public notice of application of the Jiame in such manner Small be prescribed by Law. Ner shall any charter for the Perpete aforesaid by granted for a longer opened than Twenty y jars and every tuck Shell contain a clause re serving to this legislature the Power to tiler revoke or annul the same whenever in their opinion it May be injurious to the citizens of the Commonwealth in each manner however that no injustice shall be done to the Corpora it is conceded that no notice Fata As is required by this Section of the a Cost Lution and the act of 1st i a toe in thereof has been Given in relation .0 the Bill now under consideration. The 17 h Section of this Hill does certainly absolve of the United states from some of the conditions imposed upon it by the Aci charter and if the provisions of that Section do not come within the letter of Tje 25lh Section of the 1st article of the Constitution they certainly come within the intention of it which was to give the Public notice of All intended applications for creating or changing the Char f j it this of so far As i have been informed have asked this at the hands of the Legisla and the policy of issuing them by the Banks has been Moe than Ren dered doubtful by the experience of past years and has been . I have already stated that the regu lations and restrictions imposed upon this which is in effect a property qualification to their directors. I can see nothing so Peculiar in the character and duties of a Bank director As to require that he shall possess from five Hundred to three thousand dollars of property to qualify him for it when no other of fice in this Commonwealth requires a of it omits the very important provision which the Constitution requites of a reservation o the legislature of Power to alter revoke or annul the when found injurious to the citizens of the Commonwealth opon the terms of doing no injustice to the corp orators. These Are the principal objections to the form and data Ila of thin till that present them selves to my mind and in addition to there Are others which Weald Render this Bill As a measure of Relief either to the Banks or to the Public wholly unavailing. 1 have retained this Bill without returning it to the be f j i i Xiuqin Una a Iii Iti Uii it Caiiou Vuu Niqo the Banks were Ioma of them Wise similar qualification. Nor do i kno and salutary and i shall confine my that experience shows the fit is a Wise notice Only to some the principal Standard to measure a mavs intelligence ones which i consider peculiarly of or capacity by the length of his purse Recti Ottalle. In the first place this Bill nor can j Bellota that 5n this Enright provide that the direct ors of any Bank age fetch a 8undard ought to be individually or collectively shall not adopted. As respects the state direct contract any liabilities to the Batik sex ors in the Banks referred to it appears need eng certain limits a that when up my that tace in forests of the Public the capital Stock actually paid in Dees Wil be far More Likely to secured not exceed to the amount of the Giec Tion of state. Who such liability shall not exceed the one Nat no Stock or a very sixth part of the aggregate Loans of such than by the election of those who Are Bank end proceeding provide that As interested in having eol Arjeo the Espial of each Jank increases in As Tow kill a Quizim. Vhf in tons for the purpose of ascertaining if Possi ble the of the most enlightened practicable business men a the Community in rela Tion to its various provisions i speak advisedly when i say that if this Bill were to Keco Nej a Law it is question Acle whether ene tenth tie Banks of the Commonwealth would accept of its provisions. Indeed i can scarcely find among either the friends or the of the Banks or among any party notwithstanding the extent of my Intercourse with the Cit ideas of the common wealth from All quarters any intelligent person who now that first presented to me i examined h in vain Fri a single provision which promised either to rive Relief to the Banks of to the people and feel strongly certified in my conviction upon the subject by the coincidence of the of almost All Bractt Eal persons who so a i

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