TAKING THE BACK TRACK.
{"character_count": 2173, "word_count": 370, "ccnet_language_score": [0.958899974822998], "ccnet_perplexity": [2263.60009765625], "fasttext_language": ["en"]}
One of the most ludicrous illustrations of
the force of the current of public opinion,
and of the utter impraciicaLiiity Of Loco
foco doctrines, is to be found IN the Iate
proceedings of the loco-focos IN the fenn-
sylyania Legislature. The entire oco-loco
party. with the Presidents Message for their
textbook, and :. Dotcn ,cuh the banks !"
" Perish credit! Perish commerce!' for their
battle cries, were about to make final and ia
tai onslaught upon the banks, which should
were about to charge bayonets, some uafore-
seen influence forced them to abandon their
arms, and retreat from their position One
step further would have involved the State in
discredt and bankruptcy, and compelled the
banks to wind up their affairs A ship was
waiting to take the instalment due on the pub
lie debt abroad, and little more delay and
folly would have sent the death knell Of Penn
sylvania credit to Europe.


To the bodness aud frmness Of Governor
PORTER, who is at heart Cons ervative, the
State is much indebted for the salvation Of its
credit. No merit, however, can he claimed by
any loco-foco for stopping in his destructive
career. 1t is power greater than a repre-
sentative body--it is the people who have
modified and restrained the operations Of the
loco-foco principles of this administration or,
we should rather say, perhaps, it is the i'm
possibility, after reaching the verge Of a
precipice, of taking the final leap into the
abyss-the entire impracticability of carrying
out the doctrines Of loco-focoism.


The Philadelphia United States Gazette, Of
Monday, says


ave are informed that Thomas Dunlap, Esq Pres.
dent Of the Bank Of the United States. yesterday made
arrangements for advance the State Of 1870 900
on behalf Of that institution and such of the other
Banks might unite in H. amongst which the Girard
and Pennsy yvania Banks have Immediately agreed 10
participate the OF 100000 each FtH pro.
p,son is Thus made for The payment Of all interest due
The public deb al homo and abroad and proof
furnished Of the sincere desire which is cherished by
great State Institution uphold the best interest OF
| Pennsylvania, and 10 manta in her faith untarnshed.