r
ADVERTISEMENTS.
Advetisem".nts are in sorted at the rate
o r 100 quare for first insertion, and
tor each subsequent insertion TIO cents.
A liberal discount made on yearly ad
r,rtisements.
A space equal to ten lines of this type
elk easil res a square.
litz,iness Notices set under a had by
t r,,. m s.qves immediately after ysie local
ws, will be charged ten ce ts a line
r es - h insertion.
kdvertisements should be
re Monday noon to incur'
I.! t hat week's paper.
Business Dir •ctory.
BEAvEa. -
AEI;ER. J. BUCIIAN.I.N.
ACNEW & BUCHANAN,
Attorneys at Law,
TL:rd Stteet, Bravez, Penn'a.
Opputlic the Argne °thee
. , ,
J. F. DUNLAP,
!. at law. Othre 11l the Court lioube
Cr. All bus.inees promptly attended to.
I,t DONEEIOO pracyce his pro
..--ion to /lesser and surroundlng country
r 121 the Border building. :id street, Beaver
I s apr23-1 yr
LAWRENCE—Physician and Surreone
.11.• room formerly °erupted
1.....et.ne Assessor. Street, Beaver, Pa.
\\ - l'h yei c Lau alce
tit torrrierl% occupied by Dry. Mclitney
rt :ice -11e-sicience. McNutre,
l I. li. .NDS OF JOB V ()I'M neatly and expe
k • executed at the Antit+ °dice.
I) A. ttMALL-Attorney at law. !leaver. Pa.,
A Office In the Court llouae. det-.:5-11
OLIN B YOUNG. Attorney at Law. Office and
6, rebtdence on Third pt.. east of the Court House.
I ...nes- prompt.) attend.kto. ap27:ly
Mc'lßEEttt, Attorney at La , . Office on
J • third st., below the Court House All bust
-- prompoy attended to '7OO
t'. Kt' & JAME , . H CUNNIN(4IIA
I',• Anon.. yn at Law. Office east end of Third
Heaver. Pa mar:3o;7o:ly
MEHL, ffiannfaLturer and Dealer In
I boot s . shoes and (inners: Main at. Isepttily
tt-~\LK DRUG Andrteet'en
) Druggist A: Apothecary, Main st. Prescrip
. earetully compound, d (-ep2B;ly
NEW BRIGHTON.
•!I .k ('OA E. Braler in painto.
P' n, g garden
r-feeds fancy lota la. Fall., street,
' Brignwi, e.efr2l - 71-I.y
EN ER 111 N 11a5},. suulxcturcrrorcar
V V rtageg, bugg;ies, t , pring-wagons, buck-wag
an(' Tehicles of every description. Bridge S.
pnctlesl workmen. Succersore to George
M inart;ly
~ .ANGSTECHER, dealer In Watches, Clocks
I . Jewelry. Repairing neatly e.xecuted,
y. Ilvar
W NIPPEILT. Baker SCoutectioner ; lc,:
gl • reatn. oysl,Cre and (.11Ille lu ni,.1,011
WlCkallgS...tc.. supplied. not 1
IVM WALLACE. Dealer in Italian & American
/ 1 Marble Manufactures Monuments,
e tilts at reasonable prlces, ltabromi st.,
new Depot, New Brighton. 1-eir27
11 , TON RESTAURANT and 1. -
-rriNo SA
-1) tooN, mealea at all hours, table supplied with
he delleaJes of the Benson Prices low, Win.
-•
hand. cur. of Paul and Broadway my l'7l-1y
_
.1 SNELLENBERG. Merchant Tallors,
Broadway, New Brighton See adt• Ispl•Lly
I.
N . terks, Photographer Willson's Block,
I Lroadwk. Best photographs from re-touch
, n,, games. teoplltly
BEAVE.It FALLS
I "'NI. ROBERTSON. 1h In the jis , tly r 4.1,
braced Dumerolc SeNsitt; .NlAohine,
;.rd be coliv.lnctra. 31.1 th r 4.. B. Fat., ksirn
TEN E'SSON
I tili, ITTIsII. °MCC', Be.
St., 1h h and fic.kvcr Fft111 , ...
'l,, Pa. auLc2s;ly.
1 A EL% A in ,t 1)..:0er% In Yank,. No
-I I Nl.on :C.l
BRIDGEMI ATE Et
I
%\ 2:1.7 :NIA N. Nlannlzo -, urc of
lindae St_ tiridgewatter. kbcp2;.ly
8.11.Tt Shady-Sido Photograph 1.:11-
e) . flour. Dunlap'p eurner, t,ppo,tte I.'ll
ilrolL!•water, Pa. aprl6-1y
AB11.1:1111. Bring,. street, liridgeetater.
. Dealer tn i.-el and sliver Watches. (Leeks.
Jewelry and Sliver Wive, Spectacles. Ss
es, Clocks and Jewel r rumored.
1.1 A I CI - EthilLLEll.:l o l.lltonable Tailor None
Set experienced workmen employed. :shop
, r ridge et.. Bridg,ewarer„ febS'7l,ly
C. HURST. Dry Goods. Ilatr, Caps,l. ure,
t
• l'arpete, Oil Clutha and Trimmings. 'Bridge
St., Bridgewater. Pa. eepl4;ly
HOC HE STE R.
IV \V .I(.llSSON—Deztlyr In . Wall Paper of
1 V all kludi. 011-Cloth. \\ indow
Frunko* Satchel,: Basket,; Toy r art, 11":,17 0 1,,
th,lrs and To), of ever): de,crlption. Near Ue
-110,29-1)"
`WM:ASTER UOUSE NVolf Propr3r
-1
/ :or Pro Dono Pabhco. Street. Loar
tiov•.:o4l.
I 'go! , KENNEDY U. to m.
1 Rnechliu_.t Drtaguists and Chemists Yn
• 4 !Dais carefully compounded at ail hours. In
Inamond, Rochester. , se.,•
\‘ ILL SMITH fi CO., Nancy Dry Hoods
nom. and Millinr.ry. Ilitadisou et., hear Dm-
Rbcitester, Pa
1I ENRY LAPP, Mannfacinrcr and licalor
1 Furnitnre.of all kinds. Brighton rit., abort.
Factory. Sec adv't: (647.14:1y
AM L'EL G. HAMM:, Presmr-
Cl Lions carefully compounded. Water et,
PEYEREIi F ..7.ONS • holepale & Retail D.• 11
DrY twoda N Grorerieb.Fluar,lfeed , Gra: l,
o • Crm Water .t• JaDler FT,
, &CO Cont ra ctors and ituild,r.
1 • M cnfartarer, of Sash, Doors. Shut tcrs
. I..ninbsr Lit h &c. RochcAer 1.1,-21.1)
ITT. BOYLE & WILLIAMS, Sucr.••, , or. to t•.
Dealer. in Bawod and
•...er. Lath it lloche.ter
ELE,iI A: CLARK, praopmetors ot Johnston
mood accommodation, and good IF ta
11 R Depot ortlfr. y
A LLEGHEN VITV
~ WlNANS...E:ectrical Yhysim C
ae: hrot
1) made a apecialty. Office, IS7 Wn.ll
hvenur. Allevbeny City. Ha. L.epi 1:1y
MIS EL LA EOUS.
1 B. Freedom. Beaver eciuz.•y l'a
el • dealer iu Saweil find Plan.4l I..rmarn i.;
1,`.;,d• Flats and Barzes built to order. laule7l
ttlIN LAW. tnrer of the t.ra
r) Itepuhlic Sto‘e, and Patentee 1. 0 ;
• .‘• top and cctitru Fa/ Ir‘ton. Pa.
V D. ('OS E, VI. D., e Datlin:nt , n
- • Itavina rt•moveti New-BrlL.htt L. otr,rl 1,1-
in-dic.tl, , ,rvirt,, In flu IT. Itrancli,t, to th.•
. , hr clt.) rind ,tutTonndinz t oun:ry tilt rr.
, r of Butler anti 8r0,t,.:5 . 7,
11 i sr el fan eon's.
'W. NV. lESA.I,?PiI.:IR.,
•11 , (•,..11 . T.,
NcIioLL.ALG A NI, I: 1)} . ..11 El; I
CHROKO LITHOGRAPHS,
Fr.int, of Arr:lt,
Sti:•hflf.' , , Sc..; ht , -1 , 1v.:1. Pa.
Homes Still Largr
1•'c_)1; THE MII.1,1()N!
oppornmitir,‘
I:: wild
•r or.c-third of th. it vame
TILE NATION AL UAL r` , l VI'L AOF N
for F.:lle 1 , 4; ev.•r)
, tn, Mitht I, a N I soiro,n, s•-o,
L grain and fr,ir,krms • ,ocar ni•.l • . •
• :.rotations: fira4;r: not tra,erfii Lovin
and ' , fro( re.tderc.c.
• nil will nitfec . larlo Flex,
r' • for La r.fi
and corms of pror..^.llf.. II 4.
w. CLAIIXE. co.
r. • .V.:!1 irn j.',21 Exta!" !f,
174 lo a .4 ibtft.t, P. e
,Vl.l - 4-ntt.i Wan tett..
i%
v AZenie tot the ' , NC 'S - WHEELER
.j
SEWINt., I: . e.1,1r;
:4 - ti menu Can g!ve ;:tmel referee. e n. I "
ter and ability. and furnipll teet!
v We will pay vilarantred m2larirA. or lat.,
to proper TIOlo. 01117 suchl4.n
• ile:tre to enter the baldness need apply
CO , No. 140 Wood St . l'ot;
Pn. Imart,lv
A OID QUACKS AND IMPOSTORS
Sr Charge for Advice and Consultation.
11 &oft. Graduate of .7.fferson Ifrdteui
. Philadelphia, author of eel-era! valuable
~•• ran be consulted on all diseases of the
.al or Urinary Organs. %which he has made an
• •;— , tai study) elther In male or female, uo mat
toin what cause originating or of how long
• A practice of :1) veers enables him to
disease with success. Cure. guaranteed
•;;es reasonable. Those at ti lii,ellllC4o can for
-.,,i letters deter/him:symptoms and enclosing
rip to prepay postage,
send for the Guide. to Health. Price 10 cents.
.1 IS DYOTT, M. D . Physician and Surgeon,
• Iyl 104 Duane St , New York.
$50,000 Reward !
tlilktributed to Kihsenherr to the ANLERI
'WORKING PEOVLE In rra It to the on
!• Wortiingmanl , Tariff Monthly; hal It; large
• ulrti. pa,;es with Illnstrattuns.
E-er,v Subscriber Gds a Premium,
' t-ymg from 25 cents In valae to $5.01.1 in green
. Am‘Aag the preratorns are 1. of $5OO in
2 of tligt . . 10 of $100: 100 of $111; 500 of
org.tn., $2.50 each; 10 Seternt;
each. 50 A m,rman $4O each
many th ,, o6and 01 groaner 4,rernium,
$1 7.0 ser year, 5...111 on Aral thrt-e ruot.ths
scuts :send for soecfron, 10
I APRON S CO.,
4-2 :Ma Rox 4, Pittsburgh, PA.
New Government Loan
13A N LUNG 110C:' E OF
James T. Brady & Co.,
4th Avenue and Wood Street,
PITTSBITEG li, PA.
We are prepared to exchange "al' issufl of coy
-,T,m-nt bonds into the new !lye per Cent. loan of
Le United States.
. 13vutNas
Vol. 55---No. 18.
anted in
insertion
ALPS INSURANCE COMPANY
OF ERIE, PA.
Cash Capital $250,000 00
Asssets. Oct. 9, '7l, 311,948 29
Liabilities, - - - 5.200 00
0. NOBLE, President; J. P. VINCMITT, Vice Pt.
H. W. WooDs, Treasurer;
Tuos. F. GooDrucu, Secretary.
DIRECTORS:
lion. (1 - Noble, Erie Hon. Geo. B. De!meter,
.3 W Hammond,- dol Meath:llBlo'a.
Hon Sehien Marvin, do Hon J P Vincent, Itaie
Hiram Daggett. do Henry Itawle do
Charles llReed, do, G T Churchill a- do
H 8 Southard, dolCapt J 8 Richards do
W B-Sterrett, do Richard O'Brian, do
H W Noble, do I F, 1.1 Gibbs, do
J Englehurt, do ,J ohn It Cochran, do
.1 1.1. - Neii. dol NI Uartiebb. do
WII A bbott, Titusville. Cap' D P Dobbins, do
Jun Fertlg, Titusville.
Po , ieCfe -.issued at fair rates and liberal terms.
Insures against damage by Lightning u well all
Fire. CHAS. U. HURST, Ag't.
Rochester. Pa.. Dee. 20. IsTI: ly , •
iiprlGly
ISE
I=
A Word With le ou !
If Loh want to buy propertv,
Ifyi - in want to sell property.
If you want your bouse insured,
li yon want your goods in.ured.
If yoti.want your life Insured,
you want to insure against accident
It you want to lease your house,
If you want to hire a house,
If von want to buy s farm.
I:" %Oil want tosell a farm,
If y4n want any lezal writing done,
Do not lull to call at the office of
Eberhart & Bedison,
GE.7O.:IIAL INSURANCE AGENTS
AND
Beal Estate Brokers,
No. 223-Broadway, Hew-Brighton,
Beaver county, Penn.
Profess on al Card.%
GILBERT L. EBERHART.
q.c,rucy a t Luw,
Wl'; rztve plimnpt attention to collection.. pro
ell7:nziounti.. and pension!, buying, and selling
0111 an lito:1 , 1W11), onn , ,lle It E SII Boone.'
Ilan-«, New Bri.zhion. er , Pa.
p•• 1, 1!I
JAL :1 CIOATRON
CAMERON &. MARKS.
Attorneys at Law
And 'Real 1 7 .statc Airent,c.
NV:!I rit!ond promptly to nll hush:ess entrusted to
th,ir ,ire. and have r•uperior facilities for Anytng,
aryl >•• rt.:o e,tate. dec 11.1 y
T.J.CHANDLER,
Dentist, FM continnes
de - to- perform all °pent
. i.c.V.41,1”." dons in the dental pro
, - fessbxl at his office,
'3. Beaver station, Roches
ter. All who favor him
with a call may expect
to have their work done
in the lic.t possible mann... - • and the most reitzon
able terms. •
The hooks of the late firm of T J ('HAND
LFIt & SON nre iff his hands, where all who
have accoahle 4111 please call tram..dtately and
settl^ the ,arne. may I v
3ID e
Dr. J. liar.
ray,oflindge
water, deter
mined that no
Dentist in the
State shall do
• "- " . work better or
W 1- „4- „sr cheaper than
4144 P*. he offers it to
his patrol:m.-
11e uses the
be , t materials
manufactured tattle United States. Gold and sil
eer filling performed in a style-that deter compe
tition Satisfaction guaranteed In all operations,
or the money return.•d. Give him a trial.
felr2:l%
Manufacturers.
POINT PLANING MILLS,
ATER ST., ROCHESTER, PA
(bepl 1 13
HENRY WHITEFIELD,
MANUFACTURER or
Sash, Doors,Mouldings,Floor-boards,
ll'ett her,boards, Palingg
DEALERS IN ALL KINDS of.' LUM
I.&Tli. SHINGLES AND
BUILDING TIMBER.
11:1% 1r..: purr-hams' the the territorial in
t.4-rest of Mr J. C. Anderson, owner of the
se% era' patents covering certain improve
tilet,lsAill the ronstr-ction and join
wheri ,, ,and , and lininzi I r houses and
oil r boil l t ae are the only persons
autlierfied to make and sell tve,,r.iarne
within t fie limit of Beaver count) '-( Par
ties mitre:44Al e -II please observe t his.
Curpenters' (I'mstantly Kept
E‘, ry Trcidc to
ord , r rt 1:1t
Foundry (.Repair Shop.
UM
hyrii Eng . lgi.(l in the Fininfiry Llwtn ire
for 111,110 than thirty time
has, a, cr.u.1.01,1 a var',..tr of useful pattern., he
s“te- c 'Ling model* and tak.lio4 out patent.
ft, on
iiu r+
COOKING - STOVES
r 1:3 , .n;: ttiorotizlily tewted I
I.rouein , I feel warranted in fdTering tram to
!Le ~,t11,::•
MBIE
1=" ®or s,
The GREAT WESTERN has no Su
perlor for this Locality.
STOVES!
Sto• 1):4;e rent Styles for Heating and Cool: to
The Great Repablic Capital Stove
Elko the bent Record of any Stove ever offered to
11=1
IT TAKES LESS FUEL,
I,IISS 1:0031 TO DO MORE WORK,
BEST BAKER,
mclwrnurtAlßl.F.
THE BEST STOVE IN TSE
In connection with the stoie I have got
up a Patent
EXTENSION TOP,
which occupies little room, no additional
fuel, and is not liable to wear out, dispen
ses with all pipe, can be put on or taken
off at any time, and made to suit all stoves
of any rite or pattern.
Vis-c Hundred Person
Who have purchased and used the
GREAT REPUBLIC COOKING STOVE,
Most of whose names Lave been publish.
ed in the Antics, are conBdentl7 referred
to, to bear witness of its superior merits
as a cooking stove.
Having three first elms enrines on hind. of
cbo:t fifteen horse power capacity, they are offered
to the public at reasonable rates.
JOHN I'HORNILEY.
ror:6•tL
COUNTRY RESIDENCE FOILSALE
SITUATED 14 MILE BELOW BEAVER,
and having a delightful view of the Ohio river
and surroundiry , country; I mile from R. Sta
tion; house brick, two stories high, 4 rooms, attic,
lull, cellar, notch, etc.; all finished; wash-house,
smoke-house, well of water at the kitchen door:
new barn and stable with cellar. Nice paling
fence in front of property; all well painted; good
orchard in bearing condition. grapes. plumbs,
cherries, gooseberries, and an kinds of email fruit.
54111 be sold on reasonable terms. Apply on the
premises to the owner, 3. M. GRAHAM.
.. .
--,
' -', '. ' .'-' - .4 , .cl.? '-; •-•, -- ,
. . ,
, . , , • :
. . .
. .. • . , .
--- ,7„. --- "7" -
• ' • - •' • - •- , -:
• - -.•"• ---
alt MOM 1. - -•' f ' I -I , i -..-.. . i- -,„" . 2- .'ll I ~..1), , , , ;. : 4 ,..'i:
• .
RGUs.
... .
T 1
~ .:...::::
.. . ..L . ... 47 . ..
'
.1 .
, ~.
-
~.':. - ^:. l, ,•-' 1 ' `,- " :-'•
,
.. ~
. .
',',,,,,:',..t:
Insurance.
E=
JOHN Y. MARIN.
Rochester, Pa.,
e 1 a, e. A Is°,
on Ilund
mailer
A L TOG ETHER
Dm, Geodii.
A. W. ERWIN & CO.,
IMPORTERS
Jobbers
DRY-GOODS,
JOB LOTS
ii'llo - xt
Ws A. Si 'P 3E FL INT
.kUCTION
SALES
Nos. 172 cud 174,
Federal Street,
Allegheny
D'CI I
Insurance.
it OCI-IF,S'T LIR
Fire Insurance Company.
INCOILPORATED by the Loris!store of Penn
pylranta, February, U 72. °dice one door east
a Rochester Sayings Flank, Rochester, Beaver
county, Pa.
People of Deaver county can now hare their
property Insured azaln.t loss or damage by tire,
at fair rates, In a safe and
RELIAILE 1103 IE COMPANY,
thereby avoiding the expense, trattble and delay
incident to the adjustment of bead by companies
located at a distance.
BOARD Or DIRECTORS:
J. V. hi'Donald, George C. Speyerer,
Samuel B. Wilson, Lewis Schneider,
William Kennedy, John Grmbing,
ittetshall hi'Donald, R. 0. - Edgar,
M. Camp, jr., C.B. Hum,
David Lowry Henry C.:retiring.
orSICERTI:
GEO. L. SPEICERRR, Puts'T
.1. \' . li'lloNALD, V. Pre, t.
H. J. SPETEREIt, I rras.
JOHN GIEBING, JR., jy3t;ly
Chas. B. Hurst's
INSURANCE
General Agency Office,
NEAI? THE DEPOT
ROC H ESTER, PEN NA
Notary Public and Conveyancer;
HUE, LIFE, and ACCIDENT INSUR
ASCE; "Anchor - and "National" Lines
of Ocean Steamers; "Adams''and "IS
ion - Express ALTvnt. .
All kinds of Imurenr e at fair rites awl
hberal teiins. Real Estate bought and
sold. Deeds, Mortgages, Articles, &e.,
written ; Depositions and Ackwo% ledge
ments taken, Sc. , Se. Goo Is and Money
I , wwarded to all parts or the United States
and Canada. Passengers booked tit and
front England, Ireland, Scotland, France
and Germany.
~ETNA FIRE INS. CO.,
01 Hartford, Coon.,
Cash iLssetts
• " lip tin-1r fruits ye know them."
,Losses paid to Jan. 1, 1871....528,000,000
One of the oldest and wealthiest Compa
nies in the world.
NIAGARA Iniurance Co.,
Of New lurk
fLisetts,
ANDES FIRE INS. CO.,
Of Cincinnati 3 Ohio.
Ca.sh assetts, $1,500,000
ENTERPRISE INS.
Of Philadelphia.
Cash assetts over..
LANCASTER Fire Ins. Co.
Of Lancaster, Pa
Cash as.4etts
ALPS INSURANCE CO.,
Of Erie, Penna.
Cash capital, . $250,000
HOME LIFE INS. CO,
Of New York
Cash $490,000
Travelers' Life & Accident
InSurance Co.,
Of Hartford, Conn.
Cash assetts over 51,500,000.
Representing the above first class lusurance
Companies.acknowledged to be amongst the best
and most reliable in the world, andrepreseating
a grim cash capital of nearly $16,000,000,1 am as
sided to take ee any amotret desired.
Applications promptly at te ndde to, andPolieles
wdUmw ithortfilate__ t y and Utak rates mai liberal
terms. looser liberally *Quoted and prompt/sr
aid. INSURE Tr PAY? By meters delay
rue may lose the savings of years. Delays are
dangerous, and life uaeertaln; therefore.lnattre re
dayf " Oro to-dap, to wort% two to-osorrotro."—
Quality. also. Is of the utmost importance. The
low priced. worthless article. always proves the
deuest. The above companies are known to be
amongst the best and wealthiest in the world.—
" As ye sow that shall you. reap."
Grateful for the very liberal! pateanage *beady
bestowed, I hope—by :strict attention to street
!mate business—not only to merit a contiattence
of the same. but a large increase the present year.
lir. STEPHEN A. CRAIG is duly authorized to
take applications for Insurance and receive the
premium for the same in adjoining townships.
CHAS. B. HURST,
Naar Depot, Rochester. Pa.
insrs-tf
DMI
RETAILERS
-OF
CITY.
AND
$6,000,000
$L500,000
$600,000
$240,000
Beaver Pa Wednest7, 1873.
• =
2204/rocttis.
...,1.- - --,--_--_ - ___L.........4.__________f_ •
. -
DAILBOAIIL-Prressunsis.,Ft.:Wairsrs4l - - " - ' iP u bile k ed 14140,1 8 t' l
It. Ctucacia Rattarax.-Conienaes Thine Table' :• 7 . . 7 ' ' '. , ',
from December 22„1872. Palill4lll ;90;1
. alums Gonna wive. -,.,. , . . " , • ny J. w.1.MV1.1-n: :
, No. 1, - No: & Worft No. & - ,;,- - • • ''''''' ,- "r,, .f s ; • -- -
9 9. 1 .210X11. I Fat Ez M raellit Nit Ex Ay went. Are. we" ' lni t , -
Since God, my 5 lends
Pittsburgh. l4sar 600a1t 910 item Totes[ wham osiers PP Ade -
Rochester. 252 TN 1025 WO - Tbrottgh verdant '
Alliance Ampun - - Isom ea • lie makes my 'motto' ~
Orrville 651 12191,31 gpy lon ' < Health from' their Ides:
Mansfield 855 515 509 911 And; Air bit name,,miAtd tow.
A 920 400 540 940 . ; ',Y nOllOl
. 410.5, _-„, , .
Crestikle MD - " 940 555 aw coo sal
..i 1 1105
.. To, ii n 53
~ 1115 ' ' Ye i tlart ;D gl _A IL e ; i li
Forest
Lima i 1208sm • 91X1 5 1217-sx _ ' . • II
Fort Wayne. il 540 :103 Milli 'Se .. ' . Tiq presence sh all AIN stead
Plymouth , f 445 2115Yx 25C. . .505 '1- ' From tear of 111:4 t• .4
Chlaigo " 750 CSO 650 ' ''lna --- • • • Ron; through Its &re < rod
. To bliss shall Do At y•
TRAINS GOIMI EAST. - •.- - - . L.. , 1 - Ivelo , ~.
....: t • , 1- , Iny stilf,in al the , 0 ,
IN°. 117 No. 2. No. 11.1r4o: 4.3 •My rectified-11Np- ~
sTATIO3S.
___'. • 4,1
I
—...-- —..........- --- ' .My cup with woe ' Ws;
edica2o ' - f 1115 Alt 1199.4 Man ourre • 'rhino oil anoint* _ W bud__ f .
Plymouth- ..... 915 11202r* 855 210.5 k And in the preset:m( 4 4y I.l*-
Port Wayne. . 11 2 0 ris 920 • ' 1120 600 < MY 7010512 -5...',.
Lima 545 - 407-- llnao 9051 m Rarely, MY grace love.
Forest ....' 400 608 227. 927 itrotigh iliselmal t yr - mu,
1 11 1 30 Aid d . eve [
m y hom in tL e y house
mbnn. Ye
Crestline .1 A -'1 1130
635 6 s l) . .4°5 10 An
Mansfield D• •; so 650 41 5
I. 610 . 710 44.5 1205 est ' "s'f playsa co. Ist).
Orrville..... ... .: ..11 MO . 020 ~• 027" SIR
Alliance • 1145 • 1100 .F 095 1 ~ 420:
Rochester 1 95Orsti 112,5 x 100 655 Il
Pittsburglt. i 400 I 220 : 1145a0 OQO - • ri:r
6, daily No x Ic e d p a tSu nxdy tMa a ; N
0 0 , i d . i , 2l:ly 5,7
4
~
R.MTERS. - Ticked -Agent.
CLEVELAND & PrITEDURGH RAILROAD.
r On and after Dec. 22, WM, traina,wlli leave
Suit tuns daily (Sundays aseepted) 4a follows.
nom 11013 TN.
STATIONS. Matz.. Exr,a.iAcC9n
I
Cleveland I 830 ale 155rst 41113214
Hudson 043 802 518
Ravenna ..`3/15 333 54?)
Alliance 0110 413 535
Bayard I t 144 414 •
wcllevillo I.lorx GOO • •
Plttenurgh........' SW 820
GOING II Onia•
STATIONS. —
MAIL. Amon!
Wan , 115eu
8.15 310
Baynrd .... . tnriO 453
Alliance ..... 1125 517 7'2sak
Ravenna 12124•31 556 015
1245 (du I isai
Cleveland 155 720 ;1015
I vs yes, Arrives.
Havarti 12 . 10 & 500 p. in. I N.Philad.B;oo& 730 p.m.
d.lpm. Bayard 9;43 a.m.&4 p.m.
NIVIIII k
tIOING
ll=
CZ=
MD
OEM
Bridgeport 555
Steubenville 657
Wellsville 815
Rochester. '
Pittsburgh {,1040
GOl2ia WE
ILM
132311323
630 A.
Pittsburgh..
Rochester...
Wellsville...
Steubenviiie
I1 ?40
r aso
1 ow
1100
i!lo
Bridgeport
Beliiiir
Rummy
General
Manufacturers.
J. B. SNEAD
Has now in operation a new
SAW AND PLANING MILL
IN FREEDOM, PA.,
!laving the latest improved Machinery
for 1 he manufueturi
.Fsmacocoi:LiN,
S D ;1'
LATH, &C. &C.,
and is now :prep . ared, ttitittent, to_ th e
building and repairing of •
Steamboat; Bap; Mis t &e,j
Keeping constntly- on hand ti-superioi
quality of Lumber. The patronage of the
public is ropectto ily solicited. All orders
promptly executed. [inig2•ly
WILLIAM MILI.IIc, J ACOII TP.A X,
PLAYI? MILL.
MILLER & TRAX,
Manufacturers and Dealers in
Dressed Lumber,
SASH, DOORS, SHUTTERS, SIDING,
FLOORING, MOULDINGS, &c•
Neroll Sawing and Turniug;
DONE TO ORDER,
ORDERS BY MAIL RESPECTFULLY
SOLICITED', AN
ATTENDED TO.
Mill Oppomite the IMF'!road Station,
ROCHESTER, PENN'A. •
april 19 '7l; 11-
Brighton Paper Mills,
BEAVER FALLS, PENN'A.
PRINTING,
MANNILLA,
ROOFING, BAILING,
Hardware. Glass. Straw.
RAG AND CARPET
MANUFACTURED
And. Sold At
Wholesale etc Retail by
Frazier, Metzger & Co..
S 2 Third Avenue,
PITTSBURGH •
"Hags taken In examine. feeplik;Ca
Boots and Shoe*.
8., EM OVAL.
GILL ec BRO.
W II 010 A LE
Boot & Shoe House,
Have removed to the
NEW. LARGE & ELEGANT FOUR-STORY
IRON-FRONT WAIIEUOVSE,
No. 253 - Liberty Street,
PITTSBURG,II PA
5 Doors from Head of Wood &req.,
And are now ieceising one of the largest Spring
stocks ever bmoght to this mar►et. An enemies
lion solicited by all buyers" before purchasing
elsewhere. All goods sold at
THE LOWEST EASTERN RATES
mars-3m
EX OCtator'as Notice .
I,:d ate of Andrrw McMillin, Deceased
Letters testamestary on the estate of Andrew
McMillin, late of New Brighton. Beaver county.
deceased, having been Muted to the undersigned,
all pessots Indebted to odd estate are 'requested
to make Immediate payment. and those having
claims, to present the same without delay to
B. McCALLISTEX Ezecutor,
BIUDGRIVA2IIII, Pa.
Post-office address—
Care of Mrs. S. A. McMn.uir,
New ittrighton, Pa.. or
marttixar.) Bea 1318, Pittsburgh. Pa.
' sr.raw!
•
THE: 'STATE lI:RANCE&
..........•,,,,,:. ; .
A . 'DEFALCATION - 0tt2988164 I
AN • :,Ell.o4o*ATltellt InAtelirmstp,
....
The Treasury Ithag kabezittu age Pate
• of the' most - DantiggiUg charges f
SPEECH Of HON4OHN H. ORVIS,
DELNESSD ICTilt ROME CIPIIIIPRBBEI
TATIVES O MEOW, LULL 8, 1879,
. —,--±'- -
Mu. SPEAKER:.- I would have
- preferred, if time hadv-permitted, go
ing into committee of the whole
where amenduientartsuld have been
offered and discussgd lathe ordinary
way. But the gentleman hiving
charge of this bit) his stated that the
same latitude woubd be allowed ,to
the house as in thelprrimittee, and I
propose tosay tiowexhat I have to
say .in oppositienle this measure.
Had the gentletitia-on this side of
the house seen fit tefinterpose the or
dinary parliamentery obstacles in the
way, they could Iwo prevented its
consideration durit,ig this session, for
it :stood so.low upqn : the calendar , it
could not have 'Jeep : reached In order,
and I: assert the,y. ouid have been
perfectly-justified -so doing, and
that the respottsib itt for not cool
/
plying with the ti cements of the'
constitutional, anieadment ratified at
,the last general election would have
rested. upon the Wersjority in this
house.:., The ' mino rity, . however,
have determined' tlpt to prevent the
passage of some aft to provide for
the election of a State Treasurer, but
to held, the majority responsible he
fore,the-poople fonthe propriety of
tra.-provisiens. • Two years ago a
joint molutionltO amend the consti
tution 01%-fthe State, changing the
method ofelecting the State Treasur
er was passed by both Houses in re
sponse to, the uutioOted opinion of
tite:people.thata ridlcal change was
required for the pane good. That
reaolution was again -passed at the
IptitoBBlo.o of. the'aegislature, sub.
mitted to a vote .. 6f the people, and
ratified by the unprecedented vote of
081 A.l:l_ GO end 4.01)fi Against - it. We
witylAyitivaiktjainianimous voice
:of4helpeople thafthe !change should
-bestnade;, ; .: Au 'change in the funds
•ioentaijaw.-Of.,the State was ever
-Makdatteatnearl y . a unanimous vote
e.1. -- n; ..,,1 --.
*!. _" . • *,, .. ptiarriazulate of the
soyereisq., ..,-. , '-'''i;ef - ; Pensylvania, a
gentleman on , ; sldeTtlf the cham
ber, tlulfgentleman from Westm ore
land, (Mr. List • rly , in : the ses
sion, on the 0 1g,4, e , ^ uary, • read in
.plipzeoldikkk'' ‘ . •• if
be`
Of alit* . TreaS, " f by be - Pie - Ple,
and it was refer ` t . .:0 the general ju
diciary committ4. This bill provi
ded for the election to take place on
the third Friday of March, 1873, and
the newly elected treasurer to enter
upon the duties of his office on the
first Monday of May next, when the
term of the present treasurer expires.
The bill contained other provisions
made necessary by the change in the
constitution. The committee, com
posed of a large majority of Itepu b
licans. instead of promptly actin g
upon the bill which was the first im
portance to the people, and amend
ing it to suit their ideas of right and
propriety, if any amendments were
needed, held it without action for
four full weeks, anti then reported it
back to the House with a negative
recommendation, which put it in
such a position as not to be reached
during the session, as will appear by
reference to its present place upon
the calendar. Tne majority of the
committee offered no substitute for
it, made no amendments to it, but
simply negatived it, and from that
time until the present bill was re
eviitly introduced, no action has been
taken by the majority party of this
House to corn ply with the mandate
of the people as expressed in the re
cent amendment to the constitution.
There can be no question in the mind
of any sensible man but that it was
the intention of the people to elect a
treasurer who should assume the
office at the expiration of the present
term. The action of the majority in
this House and in the Senate in
thwarting the wishes of the people
in this regard by failing to provide
for the election of a treasurer before
the expiration of the present term,
was in open contempt of the unani- 1
mous desire and demand of the peo
ple of tile State. There were no
reasonable objections to: the provi
sions of the bill introduced by the gen
tleman from Westmoreland. It
provided for a special election upon
the day when four-fifths of the coon-
ties of the State held their spring
elections. The" extra expense en- 1
tailed upon those counties which had
no election upon that day would not
have amounted to $20,000. The only
excuse I have heard for not passing
that bill in the early part of the ses
sion is, that the cost to the public I
would be so great as not to justify it,
and yet in four-fifths of the counties
of the State no additional expense
would.have been entailed. Ido not
know the answer the majority of
this house will make when they re
turn to their constituents and are
asked, why did you not comply with
the spirit of the amendment to the
constitution so unanimously ratified?
I do not know what apology they
can make for violating this amend
ment to the constitution in the first
year of Its, existence, in refusing to
permit the people to elect a State
Treasurer. '-. The provision of this
bill continuing the present incum
bent in office for a full year after the
expiration of his present term, is a
plain, open palpaiple vlolatlon of the
requirements of the amended consti
tution.
IN ISION
LAST.
MME
AcLog
Earl
10r4Am
1100
12111 ex
135
235
840
445
115
&10
Accoit
FIIE2
LSII2
115rx 425rx
220 SW
820 700
420 SOO
gas
&L 0 920
F. IL MYE
and' ?last
RS,
gent
It may be well enough,MrSpeaker,
to look into the rummer of conduct
ing the treasury departMent for the
last few years and see what brought
the people to the temper Wh ich in
duced them so unanimou slyto re
quire a change in the mode elect
ing the head of that department.
Possibly an inquiry in this dirion
will also explain why the party \ in
power so evidently wished to pot
pone action upon this subject untl
this late day, and thus prevent inqui
ry into the condition of the treasury.
I propose to call the attention of the
House to some figures, and I will (call
upon those who are recognized us
leaders of the majority: here to ex
plain some of these figures and ac'
count for the discrepanciesand incon
sistencies which appear In them. I
especially invite the gentleman from
Tiega, (Mr. Mitchell the Chairman
of tile Ways and Me ) ans Committee,
which has snecial charge of thefinan
cial interests of the Commonwealth,
the gentleman from Franklin. (Mr.
Mahon) Chairfna'n of the Judiciary
General Committee, to which this
bill was referred, and the gentleman
from Allegheny, (Mr. Newmeyer)
who now occupies the chair, and has
special charge of the bill here, and
auy other member who choses to rep
resent the majority ca this question.
I ask them to explain here the fig
ures to which I shall call their atten
tion, taken from the official records
of the State, and not Wait until the
Legislature has adjourned and then
allege through the newspapers of the
Commonwealth that it is mere po
litical talk. There will appear some
singular figures, of which the people
will require an explanation. I de
sire first to call the attention of the
House to the condition of the" finan
ces of the State on the first day of
December, 1866. In the last annual
message of Governor Curtin to the
Legislature in 1867, this statement is
made concerning the public debt of
the Commonwealth:
Public debt Dec. 1. 1845 .... •. . $ 37 . 4 7 6 458 06
Amoral; paid dam g the year ending,
Nov. 86. 1866
6 per cent. 10an.... .11.823.633 .23 •
4,Li per cent. loan WNW() 00
stetter notes G2O 00
DOMeede creel. certif.
Public debt .... V 11,1142.052 Id
I wish particularly to call the at
tention' of the members on the other
side of the house to this statement of
what the public debt was on the first
of December, 1866, $35,622,052 416, as
the accuracy of these figures becomes
most material as we proceed in our
Investigation. An itemized state
ment of this debt is also given as fol
lows:
sts per cent loan $ 400,630 On
Fife per cent. loan . .M.0t3.195 59
Four and a half per cent. loan 213,,M11 CO
Six per cent. loan military, per act
of May 15,18111 . . . ... 2,81.0;750 00
Relief notes In circulation 10,023 00
luterest certificates outstanding .. igstrill 52
Interest certificates unclaimed. 1,144 04
Dom. tic creditors certificates 119 67
Making the sum of the nubile debt,
funded and unfunded, interest bear
ing and non-interest bearing, at that
day, 835,622,052.16. These figures
will be found in the gover,uor's mess
age, executive document, tool. 1, 1866,
pages 3 and 4. Now, to verify the
accuracy of this statement, I wish to
call the attention of the house to the
report (tithe auditor general for the
same year,so that it may not be alleged
that these statements in the message
of Governor Curtin were untrue.
This same statement of the amount
and character of the public debt on
the Ist of December, 1866 will he
found in executive documents, vol. 1,
page 2.31, in the report of the Auditor
General, John F. Hartranft, the
present chief executive of the Com
monwealth. This statement is also
verified by the annual report of Wm.
H. 'Kern ble, the then State Treasurer.
There can be no doubt, therefore, of
the eorectns of this statement, un
less the heads of all the departments
of the State government deliberately
falsified the records in stating the
amount and character of the public
debt at that time. I wish the house
not to forget this, because I will call
the• attention of the members° to a
subsequent deliberate falsification of
the records and accounts.
In the January following, the term
of office of Governor Curtin expired.
and his succcessor was inaugurated
on the 2d day of February, 1867.
Governor Geary approved --an act
passed by the Legislature providing
for.the negotiation of a new six per
cent. loan of twenty-three millions,
in order to take up twenty-three
millions of the live per cent. :10tin
then overdue. This act was passed
by thedominant party, and for Its
wisdom or folly that part Is alone
gnsSnitible:::. It, is true that $23,0Q0-
000 of the public loan • Was 'ciVerdue,
and if the creditors of the State , re
quired payment, it was not only the
right but the duty of the Common
wealth to maintain its credit by re
deeming this over-due loan, which
could then only be done by negotiat
ing a new one. But the creditors`of
the Commonwealth did not desire
the five per cent. loan to betaken up,
and as evidence of this, it is only
necessary to refer to the famous cdr
respondence between the thea State
Treasurer and August Belmont, the
agent of the Rethscbilds, who repre
sented a large portion of this loan,
and to the protest entered by the
capitalists all through the country
against having their five per cent.
bonds redeemed against their will.
Wei have never heard from any
member of the majority party any
justification of that item of their
financial policy—the negotiation of
a loan of twenty-three millions at six
per cent, to redeem a loan of twenty
three millions bearing five per cent.
interest;ugainst the wishes of the
holders of that loan, thus annually
inoreasinvthe interest of the public
debt $230,000, by which the taxpaydrs
of the State have already lost $1,380,-
000.
The act before referred to, approv
ed February 2, 18.37, provides, among
other things, '•that the Governor,
Auditor General and State Treasurer
be and are hereby authorized and
empowered to borrow on the faith
of the Commonwealth" $23,000,000.
It was a special commission created,
consisting of these three principal
officers of the State, to borrow this
amount of money on the faith of the
Commonwealth, and apply it to the
payment of the bonds and certificates
of indebtedness of the State, and for
no other purpose; for the act further
provides, "that proceeds of the whole
of which loan, including premiums,
etc., received on the same, shall be
applied to the payment of the bonds
and certificates of indebtedness of
this Commonwealth." • In fact, the
Legislature could not have author
ized them to apply the proceeds of
this loan to any other purpose, limier
the provisions of the amendments to
the constitution of 1857, which limit
the power of the State to contract
debts in times of peace to that pur
pose, except the small amount of
$750,000 to cover casual deficits in the
treasury. During that year the
whole twenty-three million loan was
negotiated, and we ought to presume
It was honestlyand faithfully applied
to the payment of the public debt,
its it could not constitutionally or
legally be applied otherwise, The
only change - made in the condition
of the finances of the State wits the
substitution of one loan drawing six
per cent. interest for a loan of the
same amount drawing five per cent.
interest, and of course did not in
crease the principal of the public
debt. In order that every one may
understand fully the financial trans
actions of 1867, I here give the
particulars of the sales of the new
loan, the redemptions of the Old and
the amounts of premiums and inter
est received on the new :
*I • CI
O at a a G
MI
LE
1.; t
4
T
Ssassasse,gs
agil§lEiV4§
• !=g
- 4!!
.•••• JJ
; .•.
. .
" ligsmAl
. 1 \
E t
i,
Of the amount of loans redeemed
during this year the sum of $1,791,-
644.50 was redeemed by the com
missioners of the sinking fund, and
was not therefore paid for by any
pbrtion of the proceeds of the sales
of the new loan. This left only $19,-
121,185.89 of the old loan redeemed,
during the year, with the proceeds
of the new, thus leaving $3,875,814.61
in the hands of the commission
created by the act of February 2, to
be subsequently applied to the re
demption of the old loan, which we
have a right to assume was honestly
done.
In the first annual message of
Governor Geary made to the Legis
lature in January, 1868, he com
mences his financial statement by
giving the public debt on the Ist of
December, 1866, at $63,622,052.16.
This statement will be found in ex
ecutive document for 1867, pages
four and five. In this memge,
mark you, Governor Geary adopts
the statement of his predecessor, as
to the amount of the public debt
outstandingat the end of the one,
and the beginning of the other ad
ministration. But Without one word
of eXplanation, he immediately
follows it with the following itemiz
ed statement :
Funded debt, vt..:
Six per cent. loans ...$15,311.150
Dand
b per
ice percent.lfre. : 12.104,025
m
IM
Cent. lour., 175.000 00
- —537,51)0,..115 20
aided debt, viz:
Itel notes . $ 96,625 00 ,-
later certdicatee out-
..... V.1.1.18ti 52
Interest eTrtlficutea un-
clif mod 4,4414
Domegtle credit, certlf. 41 141
Total amount ontstanding
In the next annual mesa of the
governor we have the financial state
ment ending with this declaration:
"By the report of the commissioners
of the sinking fund for the year end
ing September 3, 1867, the loans re
deemed amounted to $1,794.109.50;
and by their report from September
3, 1807, to 'November 30, 186-;, the
loans redeemed amounted to $*2,414,-
816.64, making a total reduction of
the State debt in two years and three
months of $1.209,386.14." The finan
cial statement ending with this quo
tation will be found on pages tour
and five, executive documents, 1868.
In order to prevent any confusion es
we proceed I will state that a dis
crepancy exists in the above state
went of loans redeemed in 1867 of $75,
as compared with the statement of
the Auditor General for the same
period This consisted of a domestic
creditor's certificate redeemed (in fa
vor of T. Fisher) for $75 which was
no doubt accidentally omitted by
Gov. Geary. By including this item
the real amount redeemed during
1867 by the commissioners of the
sinking fund, would appear to be 81.-
794,644. W, instead of $1,794-,569L0.
The true amount Is shcwn by the
auditor general's report for 1867 In
executive documents, 1867, page 206.
The financial statement—in the
'fourth annual message of Governor
Geary, anicludes as follows:
"On the 15th day of January, 1867,
the total indebtedness of the State
'was $37,70-t,409.77. Since then and
LID to November 30, 1870, the sum of
$48,592,7-17.87 luis been paid. The re
duction during the year ending No
vember 80,1870; $1,102,879.04."
Thisi statement will be found on page
6, executive documents 1870.
In the last annual message of Gov
ernor Cleary to the present Legisla
ture a summary of the financial pol
icy of his administration is thus giv
en:
"During the last six years pay
ments on the debt have been made
mg foil
-Amount paid In 11367...., 41 , ajb4.614 bo
Amount paid in IF& ''' ... sr
Amount paid in Itin9 ..... -17.1,41.*ix
Amount paid in 1570 1,70'2.879 05
Amount paid in la7l - 2.131,590 17
Amount paid in Ls7l. ....... 00
Total payments.... .......... . $10,571,66.1 54
Being a little over twenty-nine per
cent. on the debt due December 1,
1866, which was then $37,704,469.77."
Thus, in three annual messages to
the legislature did Governor Geary
announce to the people of this Com
monwealth that the public debt at
the beginning of his administration
was $37,704,409.77, when in truth and
in fact as shown by the public rec
ords of the time, it was only $.35;622,-
052 16. The author of these mes
sages is no longer.on earth, and we
should not charge the falsehood c.3n
tained in them to his account. but
presume he was not himself nispon
sible for them, that these figures
were furnished to him by officers in
the treasury department or in the
Auditor General's office, anti that he
was imposed upon, and led to believe
the statement to be true; at least this
is the most charitable view we can
take of it.
We now come to the third annual
message of Governor Geary, in which
the financial statement concludes
with this remarkable statement. "At
the commencement of the present
administration in January, 1867, the
total outstanding indebtedness of the
State was thirty-seven million, seven
hundred and four thousand four hun
dred and nine dollars and seventy
seven cents. Since then and up to
November 30, 1869, the sum of four
eight hundred and ninety
nine thousand, eight hundred and
sixty-eight dollars and eighty-two
cents have been paid; and at five per
cent. the sum of two hundred and
forty-four thousand, four hundred
end ninety-three dollars and forty
fOur cents in interest is annually
saved to the Commonwealth. Con
sequently the total amount of the
indebtedness of the Commonwealth
on November 30,1869; was thirty-two
millions, eight hundred and fourteen
thousand, five hundred and forty
dollars and ninety-five cents. The
reduction during the year ending
November 30,1869, amounts to four
hundred and seventy-two thousand
four hundred and six dollars and
eighteen cents." This statement will
be found on page 6 executive docu
ments. 1869.
In his last message the Governor
states the total payments during the
last six years were $10,992,662.44,
which, if true, would have reduced
the public debt from $36,622,052.16,
which it was on the Ist of Decem
ber, 1866, to $24,6,389.62, on the Ist
day of December, 1872, instead of
leaving it on that day $27,303,494.64,
as the Governor states it was. Here
we fled a discrepancy unaccounted
for of $2,674,105.02; that is, during
these six years the officers in charge
of the treasury ofthe State, who have
all been of the dominant party, have
asked for and received credit with
paying $2,674,105.02 of the public
debt more than the debt has been
reduced during that time. In other
words, from December 1, 1866 to De
cember 1, 1872, the public debt was
reduced from $35,62'2,052.16 to $27, -
303,494.64, a total reduction of $B,-
318,557.52, while during that same
time the different State Treasurers
have been credited with paying $lO,-
992,662.54. To cover up this defalca
tion,
a fe
lon,tte lit g oe ui t l i t o y e
o pa f rt t l h es e
reeo had rd.
to resort
this was deliberately done by stating
the public debt on the first of Decem
ber, 1866, to have been more than
two million dollars greater than
it actually was. Now I challenge the
gentlemen on the other side to explain
or excuse this falsification of the rec
ords grour State. The facts I have
already given would be sufficient to
account for the wonderful unanimity
with which the people demanded a
change in the manner of electing the
head of the treasury department.
Since the beginning of the session
I have 4aken the opportunity to
study political arithmetic as exem-
Ea
. 8
• s
Si 4•• S
4 •
8 8 8
§
3 ;
tz Ar !I cr
1, .1
Established 1818.
plified in the annual reports of the
Auditor General and State Treasur
er, and I find other facts and figures
as curious as those already given. I
desire to call the attention of fife
House, and through it the attention
of the people of the State, to these
figures. I find the amount paid as
Interest upon the public debt the
last six years exceeds theamount of
interest accruing upon the entire
debt for that time several hundred
thousand dollars. This might fairly
occur in any one particular year, as
the cuopons falling due thepreceding
year may not all have been present
ed for payment during that year;
but this excess appearing iu one year
would be balanced by the deficiency
in other years. I submit that dur
ing a period as long as six years the
average would be reached, and no
more interest actually paid than
would accrue upon the entire inter
est bearing debt during that period.
I have made a careful calculation of
the interest upon the public debt
during each of the last six years.
This calculation, I admit, is not
strictly accurate, but is unduly fa
vorable to the treasury department,
because I have allowed the interest
on the entire amount, outetanding,at
the beginning of the, year for .a full
year, although large athounts were
redeemed during the year, while
upon that portion of the debt re
deemed during the first half of each
year, only six months' interest could
possibly have been paid. With this
exception, I believe my calculation
is strictly accurate, and I submit it
to the inspection of the gentlemen on
the other side of the House:
MOMS
INTERE:IT ON PUI3LIC DEBT
$3,`231.3ai OOr. per cent $ 1.-X1:272 If
V12,(175,E1.1 5115 r t 61. , :;,n"...1
$213:2110 (XI 4 and a hair
per cent... ..... 11,504 110
$37.11.11,409 77
•
'25.'111,1 , 0 if) I: perCelit
$12.104,025 T..) 5 percent 605,201 *Di
$175.1u0 Ott I au, a half
per erne.7.875 00
2,131,747 06
$2.1,::11.1S0 00 t; per cent *1,516,670 SU
7,749,771 56 5 per cent 367,443 57
Ql pl,nup 00 and 3 half
per cent
1 , 710
$25.311.1:+0 i; percet,t f1.51:".1.71)
#1.1177.354.:kk 5 pvr r , tit Stet, ctrl
1112,000 004 atm] a half
per rent "t.t) JO Ou
- --$ ,1,557,51 - 10 01
1,71,
t 2,5,004,7541 00 n per , t 8 I !",a1.83r• ~ .11
Etal,tr..l.l 13 5 per t t Itt 2-11,1il1i 0/
$112.000 oo I and .t litt!t
percent.... . 5.089 tru
1,759„..J71 s
1571..
$2:045.630 Ou li per ceril 1,1tte,";17
15,408.505 16 5 per cent 270,425 75
$112.000 00 4 and a L.Aif
per cent
During each of the foregoing year
there was an interest bearing unfund
ed debt as follows, viz. :
er.,058 SU Interest certilkates outsiondina. •
4.448 3ti intere4t certificate+ uoclainied
44 67 domestic ..reditors certitleater.
$17..77) 57 at G per rent
As these certificates have no cou
pons attached the interest would on
ly he paid when the principal was,
and as no part of the principal has
been redeßtiled, it is but fair to as
sume that no interest has been paid
on account of this portion ofthe debt.
The discrepancies between the inter
est accruing and the amounts remitt
ed as paid will appear by the follow
ing recapitulation:
Year. Irittrod on whole Inter-. 41 reported as
debt outstanding /taring Dern paid
at (lie beginnihg during tAe year.
of the year.
leti7 ........$1,6)6j0; 42 E 4,237 „a 3
1S i 4 2.131.747 Oil
4.g79,690
1.1111,199 :7 1,a6,25 a
. ..
Is7o. ... .. 1,587.550 01 LANAI! 77
1871.... ... 1.799,973 SI 1.7535,030 61
1872 1,06,1013 55 1,7115,913 3S
Total 4/431342%
Excess of interest paid over amount
accrued during the time, $275,591 83.
It - will-be noticed that the excess in
the year 1867 was $450,506 96. This
may be explained by saying, that
when the new loan was negotiated
during that year, coupolis partially
matured were attached to the bonds
and sold with them. This is proba
bly true, as we find the treasurer
charges himself during that year
with items of "interest received on
loans," which aggregate $267,255.29;
still this leaves $183,251.66 unex
plained. During the year 1872 the
the exce::s was $29,791 83. If, as
submit would he fair, we assume
that the loans redeemed each year,
were on an average redeemed in the
middle of the year, the above calcu
lation of the interest accruing should
be reduced to theextent of one half a
year's interest upon the amount of
loans redeemed; as these were most
ly.tive per cent. loans it would be two
and a half percent. upon $10,992.662.-
5l; this would make $'271,816.56,
which added to the excess before
shown would make a total excess of
interest paid during the six years
over the wholeamountaccruing, dur
ing that time of $5.50,105,39.
• I desire to impress upon the minds
ofgentlemen the fact that this is not
a question of the misapplication of
the money belonging to the sinking
fund, which should have been used
for nj other purpose than paying the
public debt. My allegation is, that
during the last six years the treasury
department has been credited with
paying more both of the principal
and interest of the public debt than
have been actually paid. During this
time, no new debt has been created
or authorized, excepting the twenty
three million loan, heretofore refer
red to, the proceeds of which were
applicable solely to the payment of
the over due loans of the State, cer
tificates issued to the citizens of
Chambersburg, amounting to $297,-
377.65, and the bond representing the
endowment fuhil of the agricultural
college for $.500,000.00.
In the first two messages of Gover
nor Geary, the people were furnished
with separate statements of the ad
ministration of the sinking fund.
During the next two years no such
statements were contained in his
message or in the reports of the Aud
itor General and State Treasurer. By
the fifth section of the act of April
13, 1870, the State Treasurer was
compelled to publish such separate
statement, and we have them given
in the last two reports of that officer.
I found it therefore impracticable to
give a connected exhibit of the ad
ministration of this fund during the
last six years. In order to obtain the
desired information, on the 22d of
January I had the honor of offering
a resolution requesting the State
Treasurer to furnish the house with
a statement showing the receipts and
disbursements on account of the
sinking fund from its organization to
November 30, 1872. The istatemFnt
furnished in response to this resolu
tion will be found in the Legtslative
Journal,-page 43 : q. _ By comparing
this statement with the annual re
ports of the
,Auditor General and
State Treasurer, showing the pay
ments on the interest and principal
of the public debt, we find the entire
sum which Governor Geary claims
to have been paid upon the public
debt during his administration, was
paid by the Commissioners of the
sinking fund, excepting three Items.
In 1869,'70 and '7l, small sums wpm
paid directly by the treasurer, but
were afterwards carried to and inclu
ded in the sinking fund account. The
agencies, through which the public
loans have been.,redeemed, will ap
pear from the following statement :
'linking Fund &ate
Year. Commie'ns. Treasurer. ROI. 27
1867.. 31,794,614 50 $l9 1 . 51.18.•: 39 $20,919,622 86
2,414,819 64 2.002,647 00 4,417,46341
1869.. 962,762 09 •109,844 09 472,406 18
1870.. 1,602,321 91 •100:551 74 1,702,879 85
1171.. 2.113,228 63 •1.9.361 94 2,131,590 IT
1872.. 2,476,3 X 00 2,476,226 00
*Thole Items are canted Into the sinking rand
account. ' • .
If we take the annual statement of
"loans redeemed," "interest paid on
f 1.414,5t6
5.1.14() (A)
--- :,,,, 1,'.1 I. l' 0.1
5.n41 ($
1: 1 ;71.1,3v3 55
$11.213,2 9 ''
$ 1 054 77
$11,1x3. 2j (.15
THE BEAVEIk ARGUN
Is published every IVednosday in the
old Argus building on Third Str , i.et, 803..
vor, Pa., at .2 por year in advance.
Communications on subjects of local
or general interest are respedfully so
licited. To insure' attention fafore of
this kind must invariably ho accompa
nied by the name of the author.
L. ttars and comintl n lc:Alone sho he
WrIAND t TIMMER, Beaver, Pa.
luaus" and other payments'!, on ac
count of the sinking fund, and com
pare them with the report made by
Treasurer Mackey, published on
page 438 of the Legislative Journal
we will find other discrepancies, viz:
Ei •11
ze 4 4 I,r= 7 q 4 12.
IZ3
' 8 . 9 t; , " IF.
9 ,= i= 73 7, I
Z
r,:
t 2 iti.... E
'1 :4
FIIMai
11•11
2 ".
1 : 7 = E? "::' r: g
Total payments 1tt.712.= E•l4
Dtscrrixtucy ... . 2117.110 12
These "other prments," amount
ing to $2.11,454 consist of the sala
ries of the sinking fund commi.-Aion
ers, salary of clerks, compensation to
banks in Philadelphia, acting as the
fiscal agents of the Commonwealth
in paying interest and redeeming the
loans and premium paid upon gold
with which to pay the interest
What then should have been the
condition of the public debt on the
first day of December, 187')" the end
of the last fiscal year, had all' the
payments been honestly made as
claimed and credited ? I have pre
pared two calculations, the first ex
cluding the twenty-three million loan
with the premiums and interest re
ceived upon it, and the second inclu
ding it.
Pub lc debt 1/re. 1. h' $35,6:t1.0a.:
r.-devnl.:(l du: ii the 6 )t - dre , 10.59%60 51
Add to Chstubersbur„•tcettincate
Agricultural Coltege bond . .
Debt Dec. 1, 1872, If the 14aymeoLa
have been mad. as alleged . 1.5.41.t1,767
Pnblie debt Dec. 1, ISS72, as reported. 21',3111,454 1:4
Discrepancy . . . . 1,676,117 37
This statement omits several items
which must be included in a proper
and honest audit of the accounts.
The correct statement would be—
PO,lle debt Dec 1. 1 , 64 tz1.5.6112.CC12 Ui
Add amount of new loan . •11,011:1,U0 1:11
( hambersburg cer(lileate
A4ricajural college bond
Total aUthurip..d 1t bt ......
PElt CONTRA
Lnans redeemed trout ski Sang frindf
Vld •thnw redeemed with new ... 23: 1 0 1 J.000
Interest received on new loan ... 2E7.255 1;9
i'rerunim Icce/Ned du new wan.. . sn./Xr2
Discrepancy In S. F. ArGpnrit .11.77.770 12
Total paymeDtS . $.31-55.3,690 Ts
Debt Dec. 1,187 e. if ;be payments
had been made . . . .
Actual debt 27.803,431 64
Actual d,,falcation
If to this we add the discrepancy
in the interest account as heretofore
shown of t 550,408 39, it will make
$2,988,16-1 00 as the total discrepancy,
defalcation, or to use a plain old En
glish wont, stealing, which has oc
curred in the last six years, or near
ly half a million a year.
I desire that the members. of this
House and the people, will not con
found this statement with the mis
application of the Shaking Fund, to
which I will now call their atten
tion. Without taking up your time
by commenting upon the amend
ments to the constitution in 1857 or
roy attempting to show the wisdom
fin.serting an the fundamental 12,.."' d
of the State, a. provision creathry
? special fund which must be sacrell,
guarded and sacredly applied to the.
payment of the public debt, I will
oill your attention to the fact that
the financial officers of the Com
monwealth have utterly disregarded
the plain provisions of the constitii,
tion, and the imperative require
ments of the law in this respect.
By turning to the last official re
port of the State Treasurer, we find
on page 27 that the balance in the
sinking fund November 30, 1871,
was $3,478,935 40; and on page 38
that the balance in the fund Novem
ber 30, 1872,was $3,496,614113. Why
should this arge amount of money
remain in the sinking fund instead
of being applied as tne constitution
and laws require to the payment of
the public debt? Why should the
people of the State be swindled out
of the interest on this large amount?
For if this money had been applied
as it should have been, the interest
hearing debt of the State would have
been reduced that touch more, and
the taxpayers of the State relieved
from the annual payment of $205,-
73i;.30. What explanation can the
commissioners of the sinking fund,
or the State Treasurer give why this
money has not been applied as re
quired by tne constitution? They
may say that it is unwise and im
politic to pay the public debt more
rapidly than they have been doing.
They are not, however, the proper
judges of the wisdom or propriety of
the rapid payment of the public debt.
The people settled that question of pot
it'y when they ratified the amend
ments to the constitution of 1857.
Why, then, is this money not applied
as the constitution requires? It is used
by the •"Treasury Ring"—for we hear
there is such an institution, among
numerous other "rings" here—ls the
interest on this large amount of mon 7
ey used to enable this Ring to per - -
petuate its rule and power at the
State capitol? if it is, it is time the
people of the State should under
stand it. Bad as this would be, of
ficial delinquency, great as it would
be, the truth is still worse. No such
an amount of money is actually in
the sinking fund, although shown to
be by the sinking fund accounts. If
you will turn to page eight of the
last Treasurer's report you will find
the whole balance in the Treasury,
Nov. 30;1871, including the sinking
fund and all other funds of the Com
monwealth, was only $1,476,-
808.59, and on page 10 that the
balance in the treasury Nov. 30,
1872, was only 1,482,455.61. The
difference between these amounts,
and the amounts reported as be
ing in the sinking fund, has
been applied to the payment of the
current expenses of the government
in palpabledisregard of the constitu
tion, in open contempt of the re
quirements of the law, and in plain
violation ofofficialoaths of the finan
cial agents of the State. In addition
to this, there is the undeniable fact
that for the last several years there
has been an average balance of one
and a half millions of dollars lying
idly in the treasury. earning noth
ing, drawing no Interest for the ben
efit of the taxpayers. The interest
on this sum, at six per cent., would
be $90,000 a year.
The facts and figures which I have
given, have been obtained by a care
ful study and comparison of the pub
lished summaries of the financial op
erations of the State from year to
year. These summaries have been
prepared by skillful accountants, In y
terested to cover up all discrepancies
and evidences' of defalcation. Could
we penetrate the secrets of the treas
ury department, and subject the
itemized vouchers to thoroughly
competent and honest actxaintants,
I have so doubt developments would
be made which would sink my ex
hibits into comparative insignifi
cance. No wonder the people them
= • yes desirelo elect the State Treas.
(.*e Fourth Page.)
MI
MEI
MMIO
-1
' ' ; ; . i
t
Eti
•297:37T r.ro
:AX),001.1
297 377 G.,
moo
M,419,129 H
$ 4,417,136 til