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"From the foregoing history, it will be seen what
influence has been produced upon the affairs of the
community by the banking system. Real property
has been raised in nominal value, and thousands of
individuals have been led into speculation, who with
ont the facility Of bank loans would never have been
thus Seduced. The gradua nominal rise in the price
Of land, has produced au artificial appearance ofin-
creasIng wealth, which have lead TO the INDUCING of
extravaganza and luxury, and 10 the neglect OF pro.
ducllve industry. Foreign Imporlations and domes-
tic consumpuons have thus been carried on to an
extent far beyond what the actual resources Of the
country and people would justify and in pursuing
shddotr, the community has lost sight OF the sub
stance.


A similar committee Of Investigation, appointed
by the House of Representatives, made a repor,
through their chairman on the 2Sh of July 1870
from which we take the following extracts of peti.
tRi0s from various parts oi the SIate


"SundTy citizens OF Northumberland county de-
clare


" The currency is so diminished as scarcely IL
surfce for the transaction Of the most ordinary bu
snesS; the produce of the country has mt with an
unprecedented reductions the greater part OF the cit
zcns OF this once fourishng commonwealth ever