Richmond Indiana Palladium

GOVERNOR PENNINGTON.--The following sound
and valuable extracts from the message of the
Governor of New Jersey, should be generally circulated
and read. They are sound and unanswerable:

"It is a source of wonder that there should be
found, at this day, intelligent men who condemn
paper money and the credit system. All experience
establishes the fact, that in proportion to the
increase of the productive industry of any country,
have its paper and credits been increased and extended;
while it is not less certain that a restricted
currency, such as the Sub-Treasury scheme
proposes, would effectually repress the spirit and
cripple the energies of a free and industrious people,
whose capital is to a great extent made up of
skill, integrity, perseverance and mutual confidence.
If the occasional abuse of the banking
system are to drive us back to a metallic currency,
all industry, save that which is necessary for a
bare subsistence, must cease.
Universal stagnation
of business must ensue.
The rich, having
all the actual money of the country in their hands,
will put their own price upon it, regulate the value
of every commodity in the market, and fix the
rate of wages. The young man who has no other
capital than personal industry and character, must
be content to abandon his hopes of advancement.
Enterprise will lose its energy, and the bold spirit,
which has carried life and activity into the wilderness,
levelling the forests and adorning the
streams of our land with flourishing towns and cities,
will no longer live to animate and bless us."