Morning Herald

Important from Pennsylvania.
We have received the message of Governor Porter to the legislature of Pennsylvania, which is of more inordinate length than that of Governor Seward's. Governor Porter recommends the most severe measures against the suspended banks. He is in favor of strict economy, and of a direct tax to pay the interest on the state debts. The following is a summary:—
He specially recommends that the banks be required to make an early resumption of specie payments; that the law against the issue and circulation of small notes be made more effectual; that after a certain period no bank in Pennsylvania be allowed to issue notes under ten dollars; that three bank commissioners be appointed, with the power of joint committees of the legislature, to inquire into and wind up unsound or dishonest banks; that the power of the legislature to repeal be inserted in every bank charter in the state; that no dividends shall be made exceeding seven percent; that the directors of banks be made individually liable for all the issues over three dollars, for every dollar of specie in their vaults; that the frauds of bank officers be punished criminally; that the proxy law be repealed; that the right to issue post notes be prohibited, as well as the power of banks to deal in stocks; that the charters of banks which have taken illegal and usurped interest, or declared dividends since the suspension, be repealed; that the principle of making stockholders personally liable, is just and equitable; that more effectual provision be made to compel banks to furnish statements of their condition, and recommends specially, the passage of a law dissolving the partnership between the three banks and the state in which she owns stock, because the benefits of the connection have all been on the side of the individual stockholders, who use the funds of the state for their own private speculations, and that the time for forfeiting the charters of banks that suspend specie payments be reduced from three months to thirty days. In addition to these, that all the banks of the commonwealth shall be compelled to take each others notes at par, and shall not be permitted to pay out anything at their counters but specie or their own notes, unless at the option of the person having demands upon them.