Pennsylvania, colonial and federal; a history, 1608-1903Editor: Howard MJenkins . They succeeded in passing the bill over hisveto, and he was compelled to execute the law. I did hope. hesaid in his message in 1842, that some of the evils which have re-sulted from it might have been obviated if it was enforced by meand acted upon in a spirit of enlarged wisdom by the banks them-selves. This hope had been vain. The worst anticipations hadbeen realized. The Governor thought the law ought to be re-pealed, the loan forced, and the banks compelled to begin the pay-ment of specie on the ist of June.
Pennsylvania, colonial and federal; a history, 1608-1903Editor: Howard MJenkins . They succeeded in passing the bill over hisveto, and he was compelled to execute the law. I did hope. hesaid in his message in 1842, that some of the evils which have re-sulted from it might have been obviated if it was enforced by meand acted upon in a spirit of enlarged wisdom by the banks them-selves. This hope had been vain. The worst anticipations hadbeen realized. The Governor thought the law ought to be re-pealed, the loan forced, and the banks compelled to begin the pay-ment of specie on the ist of June. Governor Porter was not less zealous in trying to restrict thespread of corporations. In his message of 1840 he said: Let Pennsylvania Colonial and Federal the increase of corporations hereafter be hmited to cases of un-doubted public utility, where indixidual capital and enterprise areinsufficient to accomplish the object intended, and let the powerof the legislature to control or abolish them, be at all times ex-pressly reserved. A system resting, on opposite principles must. Frederick Augustus Conrad Muhlenberg Clergyman ; congressman, 1779-1787. and speakerof the Honse. Reproduced for ihis work froman original painting eventually transfer nearly all the powers and authorities of thelegislature, as well as the business of the people, to corporatebodies, and then silently but effectually achieve a revolution inour civil relations; for if the obligations of men may be convertedinto those of a limited and artificial nature, instead of a directpersonal responsibility, it is manifest that the very elementaryprinciples of society are changed. We shall be constrained under 320 Porters Administration such change to reach the citizen, not by the immediate process ofthe law, but by its chunsy, indirect application to liim in an idealstate of existence created by legislation and rendered independentof the usual responsibility of the members of society. This isthe condition of things, o
Size: 1522px × 1642px
Photo credit: © The Reading Room / Alamy / Afripics
License: Licensed
Model Released: No
Keywords: ., bookauthorjenkinsh, bookcentury1900, bookdecade1900, bookyear1903
