Governok's Message ‘: ;
To the Sonata anti House of Representatives of the pont
montosaith of Penosylianiar
FIELLOW CITIZENS:.-4(1 performing the responsible
ditties enforced by the Constitution. on the Executive of
the State, a sincere pleOtire is felt in addressing yon at
the commencement of *huh session, of the Legislature,
the immediate represeutatives of the people. To pros
sent to them in faithful candor the true condition of pub
lic affitirs; to suggest' for known wants; to aid
in the onectmont of such measures as the interests, hap
piness and welfare of the citizens seem to demand, is
not the less gratifying. that it is made the duty' of the
Executive Department.; The events of the past year will
not fail to teach us the, lesson of an overruling Ilrovis
donee, and the gratitude we owe as a people for the
blessings which, through the wisdom of Almighty good
ness, have been vouchsafed to the nation. When the
Itopreeentatives of the,' people last met, there exiated be
tween our country and. a neighboring Republic. a fierce
and bitter-war. The Molt, indeed, was not doubtful,
for e with a people justly celebrated among nations, for
their unconquerable beavery, unsurpassed skill in'milita
ry affairs,
and their great superiority over their, eneeniVs
in physical and' mental qualities. victory was :ho ,neces
sary consequence; yet the undecided contest woe a
s• - • source of profound regret. for the sacrifice of human
and the expenditure of public and private treasure neeesi
eery to the re-establishment of our own, peaceful rest
lotions.
It is therefore, gratifying to know that the war has
fully terminated; and that peace, the rational desire of
ail. sheds again its ;blessings on every portion of our
country. To the Almighty 'Father, who in mercy turn
ed the hearts of the rulers of both countries to lay aside
the sword, to cultivate the spirit of brotherly kindness
arid-to estnbliph peadeful relations between the citizens
of their respective governments, we owe the deepest and
most fervent gratitude. The abundance of our harvests,
the blessings of continued and - general health. and - the
- preservation Of our Civil and religious rights, as guaran
tied to us, by the free constitutions of our cootry, while
destitution,. misery' and convulsed governments, and
precarions civil andreligious institutions harrats the peo
ple of other lands, Should produce in our hearts a fervent
acknowledgment of His superietencling kindness and
mime. ,
la the late content with Mexico. this{ Commonwealth
was called limn by the National Government, to furnish
a portion of the troops deemed necessary by the consti
tutted authorities to' carry the war to a 23 UCC(*lsftll issue.
With this requisitiOn, it is scarcely necessary to stem, cps
Commonwealth complied with tho alacrity which has
heretofore distingiiished her among her sister republics.
A large volunteer; force was instantly placed et the Ms
posal of the National Government, and it is a matter of
lust prido their fellow citizens, that in the discharge of
every there volmiteere maintained the hones of
• the State, and the renown of their county. The c;ti
zen soldier who fortunately escaped death • has returned
- to his finely and friends, after having earned for himself
and the State, a reputation for undaunted bravery, for
enduring and patient sufferiegs, and manly and heroic
'virtue, that the future annalist will delight to record.
It is due to these patriotic citizens, that is common..
wealth do some act as an acknowledgment or their past
illustrious services. To the memory of the dead, who
tell in the; service of their country, it is the duty of the
State to erect a 'suitable 'nonunion, that their bravery
and virtue may be enduringly remembered, and their
heroic sacrifices emulated in other them should the
honor and.safety of the country require it from future
generations. ' I
Since the adjournment of the hue Legislature. the
Chief Executive Officer of the Commonwealth, thou late
Governor Sleuth, has sunk beneath the melady which
then afflicted him. Ho died on the 2Cth day of .Ittly,
1818. 1 1
It will not be deemed improper in me to say a few
words. in reference to the character of the illustrious
deceased: (
The late Gov. Shrink, !teeing spent a large portion of
his life in the Public service. and having mingled much
with his fellowleitizens was well and extensively ktioivn
- throughout thaState; and it is with pleasure that a cir
continence is recalled to my mind. that et one period of
his life, I had the honor to enjoy his intitnato personal
friendship.
During out:lntimacy, it always gave him great plea
:sore to aid andautsist the young and inexperienced, to re.
have the distressed, -and to impart to his follow men, by
'words of kindness and deeds of charity, as large a share
of happiness es his condition would ailow.
His intercourse with others was courteous, his friend- 1
ship as lasting, his „attachment!. strong and enduring.
white his reeentinents for injuries Were transitory, and
made no perManent impression fin his boo r. It may in
truth be said Of 'Goy. Shun!., that he was a sincere friend
a good neighbour, a pure christian,"aud an !wow man.
Such was the tcputatiuu ho bootoinoti santong hi.
citizens, 4hen my intimacy with him, gave me a know
ladyo of his character. and although a difference of poll.
tical views separated us for yours, before his death, his
friends et a latter period of his life, have sonic, testimony
that the same purity of intention. andeiesire of well doing
remained with hint until the hour of his dissolution.'
The Legitilature is respectfully Melted to take such ac
tion in relation to the deceased of the -Ist ebief magis
trate of the ;Commonwealth, whose dent!' occurred du
.tine the period fur which ho was elected, as i may be
deemed most appropriate to express its sympathy for the
sorrow and bereavement of tho eutviving relatives, and
to testify reaped, for the memory of. the virtues of the
distinguished dead. •
• Prier to the decease of Gov. Shunts; on the 9th clay of
Suiy, 4'348; 'as appears by, the records of the State Ile
pertinent. ihe resigned the office of Governor of this
Comm , onwealth, and thereupon, under the prevision of
the 14 h section of the second article of the Constitution,.
whie declares that "in case of the death, or sesigurott.
of t Governor. or of his removal from office. the
Su • er of the Senate shall exercise the office of Go
senor. until another Governor shall bo duly qualified,"
the duties of the Executive Department- of the Govern
ment devolved on tee.
Official information of the 'act of resignation did not
reach ma until the 17th day of July, 1348. 'The section
/et the Constitsition heroin referred to, also declared, in
reference to the same subject, that "in such case another
:Governor shall be chosen at the next Minuet election of
.Represeritatives, unles such death, resignation or remo
val, shell occur within three calendar months, inenedis
lately proceeding such next annual election—hi which
case, a Governor shall bb chosen at the second snccded
ing anneal election of Representatives." By the 34th
section of the act of the General Assembly relating ties
electioue of this Commonwealth, Rile pro, hied that" in
ease an vacancy shall occur in the office of Governor
of this Commonwealth, more than three calendar months
next preeeeding the second Tuesday iii October in eve
ry year, it shall be the duty of the Speaker of the Senate
--or whoever shall be in the office of Governor, to issue his
'writs to'the Sherriffof the several counties, requesting
.them to, give the usual notice that an election to supply
• such vacancy will take place on the 2d Tuesday in Octo
ber next hereafter; rind when such vacancy occurs with
ein.three calendar Months • before the 2d Tuesday in Oc-
Woher, it shall be the duty of time Speaker of the genets,;
or whoever shall bo in the exercise of the office of Govere,
nor, to issue his writs as afereiaid, requirine notice of
'such ail election dit the Sl.d Tuesday in October neat,
•nfter tie issuing of said write, and in each ca.o said
- writ shall issue at least three catmint. J11001)36 before
election."
An .xaminatian of the Constitutional provisions, the
,Act of Assembly, and the circumstance of the resigns
" seise' will satisfy you, that while the resignation occurred
s‘ se,pmee than three calendar months before the next annuli
; s elettion of representatives it took place et a time render
: '
Compliance with the Act of Assemble in relation to
.fhoiseuing of write,'fitterly impossible. fit this view of
• ,:sithaettati, it might have been deemed a compliance of dn
- ty, 4ihtive l irctreined Frstn all imertercuce iu the matter,
in.attouch tie events had put Rout of my power to coin-
A , ' with the terms of the Act or Assembly, directory of
el se , t ri o de in which the "celistitutionel provisions on the
/ - subject should be carried-into sorter. .
/ After a full and careful exafeffnetion of the whole mat
ter. i believed it my duty to issue-the writs requirieg, no
• nee to be' given that an election would be duly held on the
2ud Tuesday of October, then next ensuing, for the elec
tion Oda Chief Magistrate of this Commonwealth. It op
peered to me, that in all cases of doubt, there was no sa
fer resting place than submission to the decision of the
people s :Mid that in the construction of the laws relating
to the ..point, in question, if any doubt arise, the better
coursoin a Republican Government was to refer to the I
RitizFat toter the right of aelectieg_pt the earliest period
4downelding officer, rather than a position which
would continue official station in myself, heyoud the ear
. liest legal oppotinnitv to suevender it jute his hand,. The i
argots law required the election, and the legislative ens
et:hunt Should be so coestrued as not to con-event) time
eouidltinleinl provision. Had the terms of the Constitus
tiori and laws clearly given a different position, to the
question, however unpleasant the task of performing the
duties of jhe s office without the endorsement of the peo
ples wlll, Shay scold have beau faithfully executed.
la astesmidg, as speaker of the Senate, the exercise of
Eitemive lunation., although not• deeming it absolutely
necessary pastianee suggested the propriet y of being
sworn to a faitll4l discharge of the Executive duties, and
an oath 'o that, effect was administered to me. by the,
libn. the Speaker of the House of Representatives.
A taw muffle:: in 'Weans of death, er resignation of
61 Governor. or of bin removal from office. %heWri to
the flterifre of AD different counties s hal l be I ss ue d
soon as the Speaker of the Senate shall be officially In
formed of such death, resignation, or removal, and re
quiring further; that the officer assuming Exetutivo'funo-.
itions should' bo sworn In the same manner, , and 'to.the
same effect as hives* of a Chief Magistrate inducted in-
Axe, determining, also, the person authorized to lid-
Inialetece the oath. would obviate future doubts. and the
same is respectfully recommended to the leg Intl m,
PE ie worthy the attention of the legislators nd the pees
ipte, eliat no provision exists in the Conant Lion ill the
contieereeice of the death. or inability to serve of the
13pritiihre the Senate, after the death, resignation or roe
. _
;novel of the Gomel); fir die selectionC of a. padding
magistrate., Such an event happening, the government
would be left without a imestitutional *Meer to carry on
its operations. An oinisition of'anch imperMucti should
be 'lmplied at the earliest possible period. 1 .
Resolutions, expressive of the profound soryow of the
Legislative. for the dealt of that illustrious patriot and
liege, John Quincy Adams, and of condoleneolOr_the Ili' . '
wily in their bereavement, were passed by that body. at
its last session; and the Executive was directed to trans
mit the some to the widow and, family' of the deceased.
The letter of 'the late Executive. in the performance of
that duty. and the reply of the venerable survivor. are
herewith transmitted.
The attention of the Legislature having been called to
the neglected and suffering condition of the insane per
of the State, an act was passed, on the 14th day of April,
1845, proyidiog for the establishment of an asylum for
this unfortunate dais of our indigent population. to be
located within ten miles 9f the seat of government. The
commissioners named in this act, with funds contributed
for the purpose, by huinano and benevolent citizens of
Harrisburg, aided by a liberal appropriation made from
the Treasury of Dauphin county, purchased a farm of
about 1300 acres, eligibly situated within a mile and a half
of the State capital. in January. 18-16, those commis
sioners, made a report to tho Legislature, in which they
stated, that on the critical examination of the aforesaid
act. such defects were apparent, that they did not con
ceive themselves justified in proceeding with the build
ing. or in making any expenditure of the same. appropri
ated by the State towards its erection, until some modifi
cation should be made in the law under which they wore
acting, To remedy these, defects. a supplementary act
was passed on the lith day of April, 1848.'upon which
the commissioners forthwith adopted measures for the
commencomen of this work. A plan for the proposed
building was adopted, and a contract was, made 'with an
experienced architect and builder, for its construction.
A considerable particle of the materials. as I am inform
ed, has been provided; the excavation of the cellars and
foundation-has been made; the laying of the stone ma
sonry commenced, and the hydraulic apparatus for rais
ing water to the building nearly completed. , Of the ap
propriation made on account of this building, a warrant
has been drawn for $5,000, of which only $2,7 2 6 05 has
I been expended. It is hoped and believed that the work
I
will be forwarded with as much despatch as is esseistspe
'with prudence, and a proper regard for the comforts and
restoration of the afflicted insane poor.
I . 113-the act of the 4th of May, 1841, entitled, "an act
to provide revenue to meet the demands on the treasury,
I and for other purposes." certain barks were authorized
! to subscribe for a loan through the Commonwealth to . an
I amount equal to a fixed per Celitage therein stated..ea
1 •
taelr respective capitals; the amount of such loan to-be
placed in the treasury for the 1130 thereof, in notes of said I
lembe. of the &nomination of. ne, two; and fiver dollars. '
I By the terms of the law, the loan was redeemable at any
I time at (thin five leers, and was peremptory OMR should
1,1 paid; and the notes authorized to be issued, withdrawn
i from circulation, on or before the fourth day of Mayo
1816, The act also provided, that the benkiissuing said
; notes, should receive them at -par value, in payment of
I debts due their institutions. It was thought that, by
making their redemption dependent on the faith of the
State, as well as on (ltat of the banks by which they were
issued, n Pare and reliable currency would be constituted.
while the State would he largely bonefitted by a loan at
one , i ns t ea d of five and six per cent., as on prevents oc
casions.
The notes thus issued, were substantially the creatures
of the banks. They constituted a loan to the Common
wealth: wero requtred to ho paid into the treasury, in the
manner prescribed in the law, and wero redeemable at.
their par value at the counter of.the hMiks; and the clr
cunistunce of the faith of tho 'State to that of the banks,
being pledged for their redemption, could not raise a
rational doubt of their conatitutienality. How far tt sub
sequent act, passed the 31st day of I%tay. 1841, by reliev
ing the banks from all responsibility touching their re
demption a nd payment, thereby making them an issue
on the part of the Commonwealth, redeemable At the trea
sury alone,
is
the Constitution of the United
States, it. is not necessary now to decide.
Under the provisions of the original ad of the 4th May,
1814, the amount of notes issued was two millions two
hundred end twenty thousand.two hundred and sixty-five
dollars. which was specifically appropriated to the support
of the government during the year. the payment of the
debts and other;pe_ciallmrposes therein mentioned within
two years there (ter. 111e,suln of one hundred mid thir
ty five thousand two hundh:d and fourteen golfer" of said
issue was funded by the banks and conVertied into per
manent loans at ':5 per cent. • a reiointionl of the
6th of Febrtiary. 1843, and the eit of the Bth of April. of
th e came year, six hundred and eighty-two thousand end
eighty •seven dollars, were cancelled and destroyed. The
act of May 31. 1844, is as follows:
•That the State Treasurer be, and he is hereby autho
rized and directed, on the last days of June end Septem
ber_ in the veer one thousand eight-hundred end forty
font, to cancel and deliver to tbe Ammer genrret; 'Air I to.
structiom swoor and on the last day of March, - June,
September and December, in every Year. thereafter.
$50,060 of the notes issued by the banks of this Common
wealth, in pursuance of the act of theAth of May. 1841.
that mad• then be in the treasury—and if said notes shall
be'depreciated ;Wen. of • the most depreciated—;aud conti
nue so to do, Until the whole amount of the notes legally
issued by the banks, as afareaaid, shall be cancelled and
destroyed; and the amount deposited to the credit of the
Commonwealth, in banks or savings' institutions, or re
ceived by collectors on the railroads and canals, orbv the
treasury of the city, and county of "Philadelphia, shall be
deemed as money in-the .tressurvi and subject to the can
cellation es aforesaid; Shalt elitill'be OM duty of the An
ditor General to keep and publish quarterly, and in at
least one nevi spaper at Harrisburg. a record of the notes
so cancelled and destroyed, desiguetingr•the bank or banks
that issued the same; in order that the I per centum inte
rest thereon may cease; provided, that it Anil be the4u
ty of the State q'reasuicr to retain the • several amounts
respecting, out of the receipts of the quarter. so as effect
ively to secure the cancellation of the amounts herein bc-
fore provided; and the stint of $160,000 is hereby ap.
propriated for the payment of domestic creditors, certifi
cates issued by tho Auditor General. provided that there
is sufficient money in the treasury. after paying the seve•
rut other appropriations in this act."
It was doubtless the intention of the Legislature, that
tho sum of $50,000 should bo destroyed quarterly. Un
der this at.this sum of $lOO,OOO was canceller' in 1844;
he further sum:of $85,000 in 1845—the further sum of
$176,300 in 1846—5150,000 in 1847, and $189,000 in
1849.
The following tabular statement will exhibit with
)
more clearness, the whole subject in relation to the
istse and cancollation of these notes.
Original amt. of relief notes ibrued. _ $0,9,,23,9.65 00
'mount funded, a $135,1114 00 •
Cancelled in 18.4 hr virtue
of the resolution of Fob. 6.' • )
•
and act of April tith. 1843, 68;3,087 00 •
Cancelled itt 1844, under the
Act of May 31, 184 t, 100,000 00
11
Cancelled 1 . 1845; tinker Act •
.
•of Ittl4, ' A . i : 85,000 0(1, ,
ll..:nucelled in 1846, undO.der' :
,1136,31i0 00
Cancelled in 1647, undotdeil 1,50,000 00
Cancelled is 1848, .fidoold'lilB9,ooo 00 .
00
Leaving apparently in cimulatiem, on the 31st
ofDec., 1838, $705,664 00
The fast failure to comply with the act of Assembly
requiring the collection of these notes, was prior to, or on
the 31st of Dee., 1844. The amount dirt:chi:4 to be can
celled. in 1844 and 1845, and which was not done, was
sl6s,ooo—the amount of the failure, to cancel in 1846,
wan.-3,709. Thu amount of failure to cancel in 1847,
41.4 $50,000-th o amount of failure to cancel in 1838,
was $11,008:—total, $249,700—5152,964, it is worthy
of remark, that had the coneellation of these notes been
macho 0.8 recinited by law. halt u million of tho
lam would now be lu cxiutence, a largo portion of which
has, doubtless, been - titklaid and lost. It will h a p orce i_
ved, also, thattle act requires the destruction 'dill° most
depreciated. In musing this term, the Legislature must
have intended those most defaced. Tho laws on the
'object of these notes. having pledged the faith of- the
State, for their redemption, it is not readily seen how they
could become depreciated in on the other
hand, many of them have become defaCed, torn, and un
fit fur use; At the passage of the met of May 31, 1846,
about $1.400,000 of their issue was in circulation, and
as it required the - eancellation and destruction of $200,000
per annum it prolonged the period of their circulation to 7
years, whet by the original act of Mar 31. 1.844, but
years remained of the period of their iteration. To the
act of Igav 31, 1044, is attributable, therefore, the con
tinuance of the ''iirculution of these notes after theyhtid
become torn, defaced. and unfit for use. The original
act, hod it not been counteracted by previous legislation,
provided the necessary moans for the redemption of these
notes through the banks, on or before the 4th day of May
1846; and the failure to destroy them, as required by the
act of 31st of May . . 1144, clearly demonstrates t hat the
Treasury has not beau. since then. in a condition t
re
pay the loan or redeem the notes. Hence they have con
tinued in circutaticin and have been paid into your public
offices, andagain paid out of the Treasury. uhtilthoy are
wholly, unfit as a, currency, for the citizens. The ain't
non in circulation is presumed to be about 8600,000....
lt is respectfully suggested that the worst of these notes,
as they are paid into the Treesnri, shiinld • be retained.
and in their ateed an equal amount-of new notes of the
same detroinination. under an .arrengement with any of
thq banks of this Commonwealth. end put into circula
tionlei a period of.lime. so long only, as may ho teqUit•
. ed the quenelle destruction 0100.000, to %Word thet
whole amount of the issue: A measure of - this chunk
teeprould retie* the currency of those for !se,
_I mot
have the effect init shot* times Pf. A 40.111144. Is.
Sue
out of Circulidasi. liirenittegareigsr, Pre* Illpeethe
Legislature the peseeigesifeuch Uwe air *maid prohibit in
their mutilated , aod -defaced condition. their payment
from the Treasury._ Should it* deemed a mom desira
ble course to rid the currency of the entire inane by a
loan, it might be a fair condition of the renewal of the
chatter of any bank at the present session, that it make a
- -- 7 -
loan. . - a low rumor interest tolhi..Govirnmont. to be
used I • 'redeeming and contelling the whole pr such v,art
as tin • cbe deemed adyigitble. Anyorranpmentogitio
subjec -vela may desire.. to relieve the'petiple of this 04-
"once: Anil recelite:my cordial apprpbatioii. •',:.:
lit'. - : payment of the :inyrest .iii the piOic debt. - „iiiia,
. . .
sound 'convereible currency, is ilf groat t moment to,the
credit Of the State. Thie;ilematid:on the; treasury hir
herct; fern, toe large extent. bedn nil tin dekeciated pa
per, b,• which the holders of Su to boucle have suf f ered
pectin iaryi„.ss, , -
An evil of this nature•demands a speedy and effectual
reme ly. The relief notes originaly intended to be tem
porary in their ezietencir and local in their circulation.
ahead not be forced from their legitimate purpose, or
paid from 'die Treasury in iiiwharge of ,the interest of
the public debt. : - No great incettienieuce. would be felt
in wAtiolding an immunt so smell As the present circula
tion ram such application. To secure an object so de
eira le, the revenues of the State should he collected in
suet funds only, as admit of ready convertibility - into:op°-
cie ithont lose to the Treasury. The relief notes. es
wel as the notes of nil specie paying banks of this Com
monwealth should be received in payment of public dues,
while other paper money. under par, at the place desig
nated for the payment of interest, on the public debt
should be refused unless upon notice to that effect, of the
Slate Treasurer, arrangements 'of -- the banks issuing the
same, wore made to redeem it etsuch- points as lib might
designate. The State Treasurer should Lea authorized to
require of those specie paying banks whose notes might
be under par at the place of paying the interest, to make
arrangementr to redeem their, notes at par, at t h e point
designated. and on their failure to comply, to' demand
'funds at their counters. It is believed that en arrange
ment of the kind suggested, would materially aid in ten
daring the notes of all the solvent bonito in the Common
wealth,'of equal value in all parts of the State; would
increase their general circulation among the citizens.
and tend to exclude the depreciated paper of foreign in
stitutions. A measure 'valuable for these purposes,
which would give Mere:odd worth to our stocks and en
abled the State more faithfully to comply with her con
tracts, is worthy the serious consideration of her 'Legis
lature,
Intimately connected with the snliect of our :public
are,the assessment and collection of the taxes,
be laws on this import - ant branch of the revenue re
quire to be remodeled and arranged in stich a form as to
insure equality. and uniformity, in theseveral counties
of the State. The tuatmerAif adjusting. and equalising
the valuation of property for t motion, is a concern of
deep interest to the people, and should, as far as possible,
he left itt the hands cf their inunediato representatives.
Assessors, it is suggested, should be required, in the ex
ercise of their duties. to make return in a full• and ac
curate statement of the various products of farms and
manufactories, of the kind, nature and amount of the
supposed annual value of the productive industry of each
district, of the amount and nature of their local and aen
eral trade and business, with the manner and cost of
reaching the nearest market, and tic value of the arti
cle in market, at the nearest point to the district.
Should on animal statement of this nature be
deemed expensive, for practical utility, a triennial
return might answer the purposes intended. Re
turns of a nature so general, of the resources and ac
tive industry of the state, White it would afihrd valu
able information to the public officer, would place
before him such facts as would enable hint to detect
gross errors in the uniformity of the assessments,
and would leave in duty of voluitur and taxing their
property, instead of casting labor so important in
to the care of irresponsible boards.
The importance of Legislative action on this sub
jest, is enhanced by the fact that an examination of
the ordinary 'enemies and expenditures for the last
few years, furnishes evidence that the necessities of
the Treasury require increased resource. A state
ment front the Auditory - Department is as hillowst
Ordinary Revenue And expenditures of the Com
monwealth of Pennsylvania for, the', periods herein
stated:
Revenue for the year 1845. $4.991,631 18
Expenditures do do . 3,1'76,298 28
Excess ,if expenditures, 181,969 10
Revenue fur the year 1846, . 3,487.882 49
Expenditures ' do do 3,461,144 '7l
' Excess of revenue, - 26;727 78
Revenue for .the year 1847, 3,744,509 40
Expenditures *. do do 3,497,841 49
Excess of revenue, . 31'7.167 98
Revenue fui the year 1648, 4,671,997 39
Expenditures do
,do ' 3,746,686 66
Excess of expenditlies, 74.879 37
Excess of Revenue to fotir - ”avo, 41187.:149 ilo
"expenses of the public works, considered-as or
dinary, notwithstanding touch of the ainount. is re
atly_extraardivary ; but as an caret to Ibis, the, tax
on real and,personal estate during each year. if; more
than the.atisessnieut of a year, the excess being from
outstanding taxes of previous years."
The bullance in treasury Dec. 1, 1846 _ _ .
was
Thee baloncp in irensury . Dee. 3,048,
vt , a P.,
Deficit in ballances in treasu y - ih four
years, MOGI 49
Had the law of May 31, 1 4-1, been crimpled ; with
by the chucelation of the Relief issues, the addi
tional clmige would have been made on the treaam.
•
ry of, ' 149000 00
Which added to the above deficit, makes 336;251 49
Deduct expense&of apparent revenue 97,349 30
Real deficit, under existing laws, 248,912 19
—in four years, exclusive of extraordinary expen
ditures.
The operation'of laws on the part of the Nation
al government, formed with a view to the assess
ment-of duties and collection of revenue, is a .stijett
seriously affecting the finances of the Common
wealth. No state in the Union depends, in a great
er degree for the • advrntoges of wholesome enter-
prise, and the safe employment of capital, on the sta
bility and agency of laws affording reasonable pro
tection to domestic industry. Our mountains tilled
with rich deposites of iron and coal, invite the man
ufacturer to employ his skill and capital in these
commodities;, and when they are in demand, the
whole productive business of the state prospers. Nu
interest feels the preaSure of foreign competition
more keenly, none requires more certainly the fos
tering care of government, none spreads ti, a larger
extent the active industry of all classes of citizens
than the peculiar manufacturing establ6hments of
our own State.
The system system established by the Act of Con
gress of 1'756, is framed fur the purpose of revenue,
and discriminates against rather than for protection.
The e ff ect of finch laws would necessarily be, if con
tinued, to strike down the manufacturer, and to de
press every interest Which directly tor indirectly, or
incidentally lead on him for support.
Of the interests favorably affected by the establish
ment of manufactories, none'deserves more especial no
tice than the Inhering and produchig classes. These
compose the groat mass of our popelstion, and in all re
spects differ, radically, front the same classes in other
commies. liere:they urn u part of the Government it-
Self, and as such era frequently required, in the exercise
of the elective franchise, to decide questions 'the most
aponientous, affecting even the 'debility and duration of .
ourfree institutions.rgn the formation of the Govern
ments under which they live, they wore a component of
the sovereignty, which had wrested from a foreign pow
er. the independence of the country, and took, With oth
ers, an equal part in the difficult mtestions involved. To
enable them to discharge, in a limper manner, the du
ties they owe to the country, to others and themselves, a
portion of their time should bo given to the examination
and cousidet etien of public questions. By the reward of
their labor, theyshould be enabled to elevate their condi
tion in society, to command fur themselves and familices
not merely the necessaries, bolt the comforts Anti even,
the luxuries of life, to give to• their children the benefits
of a reasonable education, and to insure a erniectence
when age has disqualified them for active employment.
The price of labor is regulated •liv its demand„ and the
value of the article it produces.
,;'When the demand for
labor is small, and the produce of that tabor - low in !nice,
the reward of industry is comparatively reduced; when
the demand for labor is increased, it rises in value, and
receives au adequato reward. Hence, whatever increas
es profitable labor is substantially beneficial td. the work
ing donee, and affords them the tneens of comfort, the
delights of rational enjoyment, and the opportunity of ex
ulting their condition aid performing with safety to the
country the deities of Citixeug,
The manufacturer, if he be sustained in his enter
prise. produces this result, and by opening to the laborer
a new source Of emplciyment. It is frequently urged that
the system of protection to domestic industry is of more
interest to the manufacturer than to the leborer, as it en
able him to dispoie of his fabrics for a. hig • hetprice. and
to realize a better profit on his -capita. But-is , not the
capltalot the taborer also involved, in the falatic„ and does
be not receive a reward in proportiorsto the value of the
'article?
'Let It be remembered, also, that his daily bread--dte
wants of his family. the education of his children—all dc
pond upin'the Inca:aka the eistablisintedi .itt which be
to etimloyed. tad the objection Can bare but little weight.
It is also uNe4 that .a reduction of .notninal op4 t sexto a
specie 'would produce a tietiltilitri i ?I utfor - 4"
means tabor. no protection en the ' 0111._01 the Govern=
'meat. A doctilge of this nature ii taditsally wrong, and
at variance with the*principles etkwhich aur fr e Goy
orturtent.ittfouluted, Driott 44W1144 sticisiatil of Pic"
for labor to a specie standard; Wig, greater -rewanii
for industry in this country than in . England.. aa4 the
working.classes are necessarily forced into the condition
of foreign operatives compelled to labor *constantly and
diligently to earn for thentaelves a miserable' gitthsistence.l
Al! the luxuries, manylof the conifer* and even the ati
ceaseriee of life, must be denied to them. While the e t tik,
catkin of their offspring mist be :wholly negticted. These
observations apply to the jahorstra engagind in the busik.
istWof mining and transporting, our coati° market, a,
as to theoperativts More directly employed et tnatt'.!
ufictures. After Me detnand.for household ! use is Sup.,
plied, this article must seek a market in thole districts of
entintrywhere manufacturing industry abounds, and the
demand for it increases or diminishes to proportion to the
notice o p er ations of.these 'establishments. Hence, every
fire that is estiagitishedi and every wheel that is stopped ,
lessens the demand for coal, decreases its value in the
market, end reduces the prices of labor by lesiening its
value' to (ho owner oldie article. When tothis is added
the fact` of competition from abroad underielling in the
home Market die domestic article, thel occupation of the
laborer is destroyed. and the ruin is coMplete. The Rev
enue system invites such a result, while the system of
niseriminution fur protectien forbids it
Other classes of society are also i t t
ciallyntfected, as the laws on this su
or the other policy. The Agriculti
measure the general welfare by the pr
and to remain contented while these
required only the execcise.of his praci
be inf orme d that he eiders also bs
doWn the manufactUrer. The home
sure reliance. The condition of thit
ford increased prices for the produ a of ,lirs, farm; the
miseries of unhappy Ireland, and tit. unieltled state of
public of airs in other parts of 'the nrorld may create a
temporary demand for grain, and hereby augment the
value of liiisproductions; but it woul be unsafe to depend
;
00 contingencies of this nature, eve which his Govern
ment can have no control. Th e odic' produce of his
lands, whether distant or near the ()reign market, must
depend for an uniform and fair prie, on the home de
mand: Any other chance is dependant on the policy of
foreign Governments, the convulsi o ns of unsettled pow
er, and the unfruitful harvests of other producers.
It i,, not. however, hi enhanced 'prices alone that he
finds his reward• lo the home market he is his own fac
tor, avoids the risk of agencies, the dangers of transpor
tation, and can "select his own time Ifor the disposal of his
produce. The Manufacturer carries to the market, in
the fabrics he proposes to sell, theiproduco of the farm,
who is thereby relieved of the hazaid and expense of con.
vefance. 1 .
far-
in another form he h otii, .pro . 'gely .dent,-
Ono of the elements dwell regulated society, is unity ot
interest. Whatever may be said to the contrary, no nat
ural antipathies exist between capitol and labor. They
are dependent on, me supported by, and receive vitality
from each.other. The manufacturer who invests under
the fostering care of government, his capital is profitable
industry, opens a new source of wealth to the forint:Nth°
artizan and the laborer.
An industrious population whose reward alFords com
fort and competency, gathers aronull him; other classes
are attracted and the store houso,land the workshop, and
the school and the church two crested; villages spring up,
the din of active industry the solund of enjoyment min
glo together; roads nro opened, bi idges are built, lands
rise in value; and the farmer ti ids a market at his door
not only for his ordinary surph a produce, but also for
numberless articles which wee deemed unworthy of
transportation. Frenn that overflowing fountain, by an
hundred rivulets, wealth is you r ed into his treasury.
Theie are a few of the many advantages of the agri
culturalist and lahor. arising fr.nr a fair and reasonable
protection ofthe dotnestic industry of the country. The
existing revenue laws of the National , government by
opening our ports to foreign ma ufacturers, invite the la
bor of the wretched starving peratives of Europe to a
competition with this healthful ud prosperous condition
of things. The consequences re ruinous to the inter
ests of the laboring and produ In classes, and dry the
Streams‘of prosperity in every ranch of industry.
It should not be forgotten th t f ew reliable wenith of a
state consists in the profitable industry, and capital of the
citizens. Whatever tends, thck:fore, to prostrate indi
vidual prosperity to diminish tl e Value of produce. to In
jure productive labor,or to rlrite from wholesome invest
ment the money capital of the country. strikes with
alarming force the beat intere-ts of the State.
The revenues of the Comm nwestlth are Orived prin
cipally from real and personal estate. and from our rail
roads and canals. In relatiot to the former, it may bo
said, that every dollar shipped fur the purchase of foreign
fabrics diminishes their vale . depresses the home mar
ket reduces the profits of the mincer, and hence lessens
the emout of revenue paid in the treasury. Capital in
vested in the various brnitche: of manufactures sinks in
Value in proportion to the de iression of the business in
w hi c h it i s e l nyloyed, and wl en foreign competition is
emplp)ed and when foreign onmetition is successful by
reason of low, duties iii driti ig from the home market
the fabric of the capitalist, hi investment is comparative
ty Valucteius, and•the learnt, a therefrom are greatly re
duced. The profts front on internal improvements aro
still more odiously affected. The raw material in its
transit to the manufactory, and the fabric on its way to a
Market aro Principally conVeyed•along our canals nod
railroads, thereby tielding 4 handsome revenue to the
Commonwealth. Whon, therefore, the montifacturer,
unprotected by the governinent is compelled to discon
tinue his business, not only rho laborer, the artisan, end
the egrienhuralist, hut the state also, is seriously injured
in the general depress:on o f business, the diminished
wealth of the oottntry and the reduced valee of capital.—
The policy of giving fair and reasonable, protection to the
domestic industry of the country has heretofore received
a support so cordial front wise and patriotic statesmen,
who have conducted the affairs of the national govern
ment as well as those who hav e preceded me in the ad
ministration of this COMmonwealth, that I cannot refrain
from the' insertion of u few extracts front their several
messages
In his eighth message, Washington deemed it proper
to bring the subject to the attention of Congress.
"Congress have repeatedly, and not without success,
directed their attention to the encouragement of manu
factures." The object is of too much consequence not to
insure a continuance of their efforts in anyway which
shall appear eligible."
Tne eighth annual message of President Jefferson:
contains Ow following in reference to the subject:
"The suspension of our foreign commerce, pro
duced by the injustice of the belligerent powers,
and the consequent losses and sacrifices of our
zees are subject to just concerns. ,The situation
into which, we have thus been forced has impelled
us to apply - a portion of
,our industry and capital to
internal manufactures and improvements. The ex
tent of this conversion is 'daily increasing, and lit
tle doubt remains that the establishments formed
and forming, will— . under theatispices of cheaper
materials and subsistence, the freedom of labor
from-taxation with us, and of - protecting duties.and
prohibitions, become permanent."
President:Madison calls the attention of Congress
to the subject in this manner: : s,
"Although other subjects will press more imme
diately upon your deliberations, the portion of them
cannot but he well bestowed on thw just and sound
policy of securing to our manufacturers the success
they have attained and are still attaining in some
degree under, the impulse of wises not permanent.
And again, in his special messages, of Feb. 20,
1815, he says:
"But there is no subject that can enter with great
er force and merit into the deliberations of Congress,
then a consideration of the motet., tor,preserve and
promote the manufactures which have sprung into
existence, and attained an unparallelled maturity
throughuut the United States, during the period of
the European wars. This source of National in
dependence until wealth, I ariXiously reCommend,
therefore, to the prompt and constant guardianship
of Congress."
"In her seventh primal message, he again recurs
to the subject, as follows:
"In adjusting the duties on imports to the object
of Revenue, the influence of the Tariff on 'manu
factures will necessarily present itself for consid
eration. However wise the theory may be which
leaves to the sagacity and. interests of
the application of their industry and resources,
there are in this as in other - cases exceptions to
the general'rule. Besides the condition which the
the , •ry itself implies, of a reciprocal adoption by
other natiotta experience teaches that so many cir
cumstances must occur in introducing and matur
ing maeufactering establishments, especially of the
more comPlicated kietle, that a country may remain
long without them, although sufficiently advanced,
and in some respects even peculiarly fitted for car
rying them on with success, under circumstances
aieen a powerful impulse to manufacturing Wits-
I try. „ It has made antong us a progress and exhibi
ted an efficiency which justify the belief, list with. ' 1
a protection not more than is due to the enterprising
citizens whose interests are now at stake, it will
become, at an early day, not only safe from occa
sin competition from abroad, but a source of do
mestic wealth, and even of external commerce."
• - Again. "It-will b 6 an additional recommenda
tion of particular manufactures when the materialis
for tbetn.were extensively drawn
. from our agricul
tuie, and oonsequemly, in part , I nsure to that great
fund of National poeperity and independence, en
couregoment whicit cannot fail to be rewarded."
President Vadison,:ln his first inaugural address
ea st ' •f Our. manufactures • will :likewise require
the'systeMatievand fostering. Ette.ef the govern
menti possessing' as we: do, all-lha!raw.materials.
of the fruits At one own, toil sod. industry—we
ought pot to depend'in the degree we have dune, on
supplies from other wormier, , While we mw thus
dependent, the sudden event of nar, unsought and
unexpected, cannot fail to Plunge us into most .se
$663,851- 88
577,290 39
furiously or bone
bject• favor the ono
nudist, inclined to
ices of his produce,
into satisfactory, is
innl knowledge, to
oiler which strikes
market is his only
gs. abroad may af-
s till n
benetittod.—
lions difficulties., It is too important that the cap
ital:which nourishes our manufacturer should be
domestic, as its influence in that case instead of
'exhausting,.ae it may do, in foreign hands, would be
'felt advantageously on agriculture and other branch
of industry. Equally is it to provide, at home, a
market for our raw materials, as by extending the
competition it will enhance the price and protect
the cultivator againatthe casualides incident to for
eign markets."
His Excellency, Simon Snyder, Governor:nf this 1 e'
Commonwealth, in his message of Dec. 8, 1816,'
says;
"The subject of manufactures, an full experience
during the restrictive system and the war, is- now
well understood, as respects the practicability of
advantageously carrying. them on, as to the kind of
goods which may be made, and the quality and du
rability of the article which have had a fair experi
ment amongst us, that it is deemed unnecessary to
urge arguments in their support. The General
Government, fully aware,of the importance of the
[ subject, it is confidently hoped, follow the
[ dictates of political wisdomcand protect our menu
, factures against injurious foreign competition or
combinations; a contrary( course would protract the
long and anxiously sought independency of our
country, and again impair dependence almost colo
nial."
ills Excellency Win. Findley, refering briefly to
the subject, rays;
• OAs agriculture and manufactures are the great
sources of wealth, and the only solid foundation of
our comforts and independence, they are partict
lady entitled to the fostering care.of government'.''
In the first messageof Governor Wulf, he speaks
as follows:,
"The protecting policy hitherto sustained by the
General Government, cannot, tinder existing cir
cumstances, be abandiMed or relinquished with the
approbation or consent nf the people of Pennsylva
nia. Their interests, "thei• prosperity, and I may
add. their comforts, are at this time,. essentially
identified with that pulley. The diversified branches
of indust ry, in which our citizens are engaged, the
character of the productions peculiar,to our soil,
the state of the foreign markets, to which we had
heretofore been accustomed to resort for the
exchange of our staple commodities, and the inter
dicting duties by which rthe priAlice of our
turalists is excluded from these Markets, leave us ii
alternative as to the course to be pursued. '%Ve ntu
either suffer our surplus proth:c_i to perish -upc
our hoods, or ‘,se must establish a market for i'
consumption nt home. We must either submit
the humiliating. condition of log tributary
foreign isidostry, or by till'ording encouragement
our own render oursal VCV intleinnidein of foreign it
position and exaction. Under the encouragenie
and protection now afforded. our manufacturing
tablisluneitts are asseming a vigorous and health i
appearatwa, and Bite nromit•e of prom(
ing the general t‘l ;:::‘ e rod of r
compliblting the great ends and ilt.4lgo inintompl.
ed by the friends and adt ocates of the prntectit e
tem. .llappily for us in Pennsylvania we have
constitutional difficulties to embarrass us in refe
rents to this system. Our statesmen who ih t.
heretofore represented us in the National LegL in
lure, as well as in that of the State, hate titiitori hl
expressed their opinions affirmatitely, and in to rn
by no means equivocal, that this
litt .011 posse se
the right, under the Constitution, to protect its in
dostry, by salutary enactments, of its own, aga
the injurious consegitences of foreign legislat
and that the acts of Congress imps sing dutie
imports are constitutional; and their co9stitti tits
h uve
tug iinegiliv4)Catly responded to those 6 Pit.i"
Governor Porter - aLo refers to the subject it . the
following manner:
"It is unworthy the grant State of Pennsylv nin,
to depend on. the manufactures of other States, 'tr of
foreign countries, to
. supply her citizens with hose
articles for various purposes of life IA hielt the can
produce themselves, as well, as cheaply and as bon
tinnily as spy other people on, the .face of the lobe,
Our wallies teeming with plenty, our hills ilt ex
haustleSs deposites of coal and iron—our st
abounding with water fur all purposes, nastiii
by that in any other country—and our citizens
&stied by enterprise and possessing means to
it elreetual, should awaken in ue that spirit o
rendence which disdains to seek at the fin
others that which it can furnish with its
It 'is with no feeling of ;envy or of it chi je
of others, that I bring this mtbject to your I
but with an honest feeling of Stale pride ant'
nerous emulation, which' should ins;iire u
emulation not to be indebted to others fur lb
lid and florin) ineans of pronuaing pro:Teri
independence, which nature Itay b untlfully 1 , ,
on our own citizens " 1
A question of the greatest tnaenhudr, involving the
the tltate and the interests of the citizen•. Will arise in
ruleration of the public deLt. The regular Payment
nual interest and the formation of a :inking fund for tin
lion of the principal. 61)011111recelve the early and can
lion of the Legislature. It V% ill goo one unfeigned p
unite with you in any raticaai nude ealcatatca to fa
oljeel. so desirable.
1 be present dent of the State is al follest s
Six per cent. stocks,
Mil
rout-and-a half
Total •
Ref ' , lutes In circulation,
Interest certificate' outstanding,
- • uncidimed,
Interest ominterest, or unclaimed an I outstand
ing certificates,to be added to these n hen funded'
loutebtic certificates.
Total. i 1,,, 8
Total wait of Public debt flee 31st Dec. IP, $l ,
Of the iiI)OVILI iliCre it due lel dema n dable at the
Treasety;at I
feller st
Reuel (t 1 ' 11 r l
.Voincal c'erel,rarr, .1
Interco cettsticatca of al Muer, i
Totttl. g.
It 1% peesamed the 'tendon% peotess of enneelintion
lief nowt , . or the redemption no heretofore itttemed,
to that nutoont the pon,ing nece.t.Fitieb of the '1 IV:ISW
idue of snid sum of 61,b31.1.1:16 71—(etz:
due and dem:And:Me, of the funded debt. nn (4. , 11(AN
January .2,
At/gl.l , /, ISO% • •
'• 1t47,
$1,047,11/6 21, present liability of the Treai•ur)
residue of the public debt, (Mips-glue,
March 1, IEI9,
Decetnbcr 1, IPSO, '
April 11. 1:43. „..
Dee. 1. IPA -
Jan. I. IESI,
Dec 1,19. M, _
August 1, 1255,
July I, 12.10,
March 4, leSe.
July 1, lea+. .
July 1, War',
July 1, lEotta,
Susurt 1. 1E59,
.I.lly 1, 14 , 39, /
March 2. 4 . / 801 .
July 1, Ibo 2,
April 10, laii3,
July 1, lEGI. ..
June 2?, 1804,
August 1. 1 8 1 3..
.
July 1, lea, • .
January 1. 4MI I .
July I, lf-i,
July 1, leilf,
, .
Dank (Ural Loans .. , .
Total amount of funded debt, not denirindahle at
637,345,3 A tl-6:t9.712.t79 (t!, Interest uut the
6 f,3s7,ritt en, at. ti per cent. per annum, 4113:2:.2
le, at it per, cent. $1,E05490 15; kiat.,ltal, r.t.
Regal,Oar annual interest on the loans as they MOO
$1,15.ri1,311 99. On a portiim of the :Mote loam,
pay three and a-half years interest, oil rehruarr t,
estimate/ will increase the amount 5 I ,0(10 iu w hin
interest certifteatei may be funded. ls..tit een the 1
and the lst of August next, there will le ducat th,
4 years interest, estimated at 11,tital. Preta'de
for st A ti,sl:l 09; to which add guarantied inter
and Pottsville Rail Howl, and Ilald Eagld caul Ti
Clunpany, 612, :AM. Total 6.1.4x10,e v, 04,
The estimated rem tune fur tl.e current tear, is
Land.,
Auction Coin.
, hutu 1
Tax on Bank Div.
.• " Corp. :Rocks.
" Rent and personal ratite.
Tavern Licenses,
Retailer's license.
Pedlars "
Broker's "
Theatre, Circus, and Menagerie.
Pamphlet Laws,
Militia Fines,
Tax on writs, &e.,
Tax on certain offices,
Collateral inheritance tar e
Canal and Riliroad trills,
Canal tines, old unmet ike..
Tax on enrollment of Laws,
Tax on loans,
Div. on Bridge and Turnpike Steels.
Accrued interest.
Refundi ear h.
&scheme,
On Public Omer.,
Miscellaneous,
Total, -
Estimated expenditures for the entreat year
Public Imp/overliehis.
Expenses of Government,
Militia expenses, -
Pensions and gratuiliell, •
Charitable institutions, •
Com Sch000lo; (deluding non aedepting Diets
Interest of sums and Guarantee. or interest.
Domestic creditors.
Cancelled !leiter Notts!,
Damages op puldla work*,
Special Commissioner/,
State Library,
Public flpildop,
Weigh Loth at reach Haien,
Penirentiaties,
Hou of Refoac,
14k1 Moon lands,
lesc.i.ats,
Aba meat of State Tax,
Id Mucous,
.. ,
Toutl ‘ . • . G
0,7,3 %V
' liSSldell mess of revenue over expendlturea, en3o,am.'
rom_the foregoing statement it would appea r ,
, h.tild the estimates of receilhe and expenditures be
:o reel, and they doubtless approximate the truth,
in should no unseen ensualry occur, that the rev.
n es will at least equal the expenditures of the
re, r. Admitting, howev, r, the correctness of the
rs imams, it is apparent the,State is placed in 'eart
h ion no better by the lapse of time,!aa no material
pi oinution of any of the p u blic debt is effected.--
t deed, even the payment of the annual interest has
It pended, and wilt - depend, on the anticipation of -
r venue properly belonging- I , to , -the the next fiscal
f ar. A system of providing means to meet the
Ii bilities of the, State, which pays no part of the
d br,und meets the paymentef the annual interest,
y drafts of a and raised for the
_discharge of an
t flier duty, and witich collects from the the people,
t pwards of $2,000,000, ' -yearly requires sup er pi,.
ion and. amendment. A . careful revisipn of there.
- elute laws of the Commonwealth, increasing the
ax on such items as v, ill bear without injury, an
(Whim) to the'present butthens, with due economy
n the appropriations and expenses of government, I
Would not only. place the Treasury on a sound basis,
with regard to the annual-payment of the interest,
but would also, if set apart fur that purpose, m e t e
a sinking fund to meet the demand now due and de.
Manded of the State. A result of this character
would be ht tiorrible to the Commonwealth, and grat
ifying j 0 the citivms: confidence would immediate-
I) he restcred to be commurity; publiccridttattula
be permanently estubastied, and the Treasury re
lieved of a portion of the public debt. The meant
now demandable is $2,326,518 04. When the
faith ()rill; StatQia•• involved,. no time should be
lost in a lopting it essuresrAo restore 14 credit. t ,
- A fund for the liptiumilon ut the resioile of the
public debt, is un object not less important tban,the
one stig.rzestrd: Pennsylvania should no longer beer
the huithens which now oppress her citizet,ls, with
out at least a rigorous rind manly elliot Mrelievet.
herself from her liehilities. To the • Legislature
belongs the duty of det king, such meang, '
and
en
acting such laws as wilt-hest promote the interests
of Ito 1 , 0 „ 1 ,1" an d allots to Iniolible, will at ell
times receive the approbation or,and he aided by,
sncli suggestions as may present. tionnevea to the
; , E xe cuti v e. A more faiorableopportuoity may pre
+t , sent itself at the present session, than will soon be
o otfore.i. Many' of the banks of this State, hire gir
o, en the reipii-tte notice, that they, propose to apply
t l l for a renewal of their charters and I would suggest
, t i slould iti.coinettle with your %leis s, the policy 0 ex.
' h acting front each of'llie institutions thaurriny'aorne.
s-
l before the Legislature, the payment of a certain
I percentage on its capitol, in addition to the taxe s
t
r _ I already assessed on hanks, by Pxisting l aws . A
suni raised in this way, might form the tincleat of
f' a sinking fund, which, however small, would re.
~:' gulorly increase in irtiFortene: , and ialue, by tha .
'," ni,,iatance it might—ttcrive from that and other
-
" 1..! g iirett:4•
e
. _
The charters of all the bttnits in the Cunimori - -
wealth still require renewal, the increased prosper - -
it v, population and buSiOss of the country, may.
require additional banking facilities. and during each
yr ar. a small atnoutit/could be added in the fund.—
The ins ustment; of the fond thus created, in the pur
chase of State stocks, (the present revenue laws of
1 146 . :State being/ire-erred.) and the interest of tine
s(lic - lt;purchaspil, being viola inyested in the Fame
vt ay, would'increase the fund, while it diminished
•tl.e debt,-, - until all would appreciate its. itnportance,
and consider it with favor. Should our resources
s t f revenue become of g-eater value, as may La m t .
suitably anticipated, large balances over the expen
ditures of the Government will accrue to the Tree's
tirv,"etixed proportion-sr which could properly he
added to the fond. Thths s. old it increase in %tip!'
proportion, unlit the enormous dr bt with which wi
are encumbered, stootd 1e tinnily extinguished.-.
IVhatever may be the views of thu Legislature in
regard to the plan suggested, it is erdently hoped :1
still distinguish its proceedings by the adoption of
means to attain an object so desirable.
The revision of the laws on the subject of, Revenuf,
with a v'ew to increase taiation; Ihe farming /awning
the gtate, idtould not be further burdened. The Snit;
.county. school, road' and prior rates, levies) upert land,and'
tk• rwlurod pricwpf the products of the agriculturist',
occas i one d by t h e present Revenue Laws of the Nane al t
Government, operating to the injury of the holm> market.
1 should justly and equitably rcliovO it Item additional tat
' anon.
1=
F
MO
ender
lode -
ids of
% ti.—
mike,
ge
with
ro so-
For many years no settlement of the accounts of the
Commissioner of the Internal Improvement Fund hu
been !mole. It was worthy of consideration, whether
a eointeiss‘.on, to consist of a clerk -from the Auditor
General's and the State Department, with a third to be
appointed, : authorized to make an examination of nid
accounts; as also to ascertain preCisel v the condition of
the Treasary, and its disbursime avenls; - what monies
are duo from corporations, individuals and.counties, and
if balances are found to exist, the reason why collections
are delayed: might, by a careful report, suggest attn.
lions beneficial in the manner of conducting our first.
e . al rdrairs•- In this connection it is proper to mention
that a change in the manner of drawing tenancy from
the treasury, should be adopted, to afford more amp!e
cheeks, the present system being deemed defective.
The Report of the Ca111314.7. , 01131i5-iont-ri'wll emblo
• the legislature to form an seen- ate indemeM of the state
of the public improve nit IA s. - N otys n hstand mg senses
it t-rnipiicins, enured by the destruction of the Freeport
. I,l,tiodt et and - other caseali.es,- the reli-Vstle foil tint
decree has been so large, end so constauOy increastng,
that these necks' should be carefully guarded and pile
st rye(' l', a means llet( ful to alit citizens and highly ad.
earitageous to the Siete. In teferting to the tt,t , rnal:lte
rice/ me tits of the Stile, I cannot allow the oppontmn
• to I ass woke tit alluding to the Norti Ilni,cl) canal It
i is rt.! Icct A lot a fl illltlit f i'el'ars would cotnelen On
No. li, at present prt;tit:t s; at.d rapidly going tomtit !t
-, it see Las the state Expended upwards of $2,000,000,
of di, vit Ic it lelltillni lll.tilll,liCll, is absolutely lost -
'I
'I be cot airy through %%inch this unmet - einem passesn
iii h in the articles of coal and iron, and in agricultun
redo. etc. Its complction, by the increased amounts
tolls received on it, and the additional fie ight time/roe ,
to et her 1 onions of the publ c improveme tits, would as
I.ly secure the Merest oat the cost of its completioc
ljnder a deep sense of ilie correctness of these elem.!
co, Id not avoid bringing the Sebject`to your early ti"'
s d ration In this relation.it'is also proper to reftto
the itni in timer of avcatling 11 a tSchillkill metier d rt .
Stpt)t: Zed estimates, by '.t ski;fuf t 'igl( r, base to ,
nick of three it rent routes, - uhich Gill be hial beet
yeti n , he rei net .of the gentleman to %limn was intNe
it d _ll.e th.t y. It to 1,..t II 10 oln cite that these estunias
are not 111 b.tictl_ in the estimated expend tures of z...e
c»ru fit j'esr, as given in a for t air 1 art of ties mine-
The alit mien of the legislature WA! be -called to ~ .i
stbject of the currency, in cormection with the Ilyil
it'stativuns 04 the State. : 'I hose ivainut;ons hoc R .
come so intimately identified unit the businesi 51 ,1 it
tem stspof the citizens. and furnish such a peetan ~ , -f I ' o
cm culating mediii.n, that a necessity is crested for 1 1 1:
moper Mai ilea -ant and con tr ol. The stat,dael of tie
t alto o; thi, gs alllCllg. VlN•ized nations is cot ceded foR
the ptecious it snafu. 'Tee conoittainral currency olt: , '
got /Inn - tent is gidd and_ Over. Whi.netcr the comet
(bees of trade and business, the encomagt mem of,,es'.s
try et,d etterprise, or the natural ewe th ar,d deie.:-
meet of the to ntr - , require au dit'onal co:mimic:al ft
lities, it is the duty of the public funetweary to be ' , owl
ft I II at the rep , esen' alien of the pr , emus n"td l ' '''''."
ti auttate a standard value, The entzt a has ta l .
possession a note issued by a Batik of tht""m i " .l. %
[ shenld he secure tl at he bolds the equivalent of VI
'silver. lu older to atta,n this reselt, care ehoel d ' l / 4 ' 3
ken I y tha legislature in the gram of authority to o ., ‘ e
corperi.tioes to pieteet them, if possible, from .1 .:':
it galtre re liable currency. Bslikiug i n stitui. , . s :,,
lot g c aisle-it amorg -us, and hate been, t‘l , te r ., t ° ,
lest exted, s at.d - k.d.ctously managed highly cordcrtr t
the I cat Mt( tests of the people. 'I Lea . r0te5 , " 43. ' .1 ,
at par value, form a more convenient currency arom a : 7
precious:metals, and arc equally valuable In all r i co „ . c .,
concerns. and promote the Seine indiistlY of, the , , :
B ,
try. Bent i solvent"banks where notes arc reaurii ,
.t.
sertib'e into specie Should be sustained by the N- :0
tore, while those failtng to keep their e otetrat pat . f i t,
m
19 redeem them on demand, , Ili' meientig
. 10 . : , '' ze ,
- ii , Justice en the eminently', they destroywin, -
lot ( n it our favors e considesatio t „
In judging of t e amount of Banking - capitel i ta
ry for the wants o the community, a sound INA '; i t,
ful state cf busittess and trade affords the best P u 4 , i . .. 1
criterion. These instoutiotta are better able l'i me u . s.t,
liabilities and redeem their notes in each a state
.r.
as is alread here alluded to than during el!
lis: ,.
depression o r unnatural excitement., That. n 7 Jo s
01;Bankieg facilities is instruments , in re
' bebefse P'
I I try pit times of epirunereisl distress is a L c'4 9 . •
lent :kis it is unsound. ft May postpone to „ so ,
cannot afford relief. The active, healthfal le: 4 ,
tha country. and not the wants of indtt i deals : i l h o : c :
sent the issues of the Banks. lit pe•lods.", / k u , of
ty an inn" . .
mermar awl mattufapturing i rosperi , , ,Li
d whoecets s
currency, beyond the wants of smut , , _ - is
-leads tri unwise and often milieus amealstl°l',,,,i
the amount of the circulating met:bium oho' di] 7`r
Levi , ~, ,
y ard
tetzed
I ()nor of
the con
du an-
MI Miro
h9.ure to
r fli tate an
El
7,510 (G
'•'s.7i I
000.10 OU
30.1; 1 50 24
1.9'03 05
.1.21.7.0 .52
4,12 E 3E
11.1115 F 9
f9,11S Pi
141 1:I
0 74
,321 d 0 qt)
702 of NI
P)3l- , RI
11.10,103 .0
,131.4,6 74
VI lIIC -
1111 ruslo‘e
ILe re-
1 .VSO,
$2:34 1 12 ^0
0.10, - 11) ZG
1.6
no,su.
8.59;52 46
Uthl.::l
06
IffiMMEI
793.47 I 61
R.197, , -49 55
4,0 , 9,463 79
1.7 , 9,13 8 .26
1. 95 47
1,.19,010 50
3%9,912 74
1,194 , 49 E 3
19,m , 25
1,643.7;7 64
110; 1;0
• o,tou 00
1,C.,•FE=„37,5
,134,321. 70
K39,0;9 39
1:6:a,z.-73 13
•`,32,917 04
3,9 9,'83 95
61:7,419 Su
.e Trea,,Ety,
'bile deht:—
s:q,:iUs.hLl
- CCM. 9.4.1,1).
/CC. 1, !HA?,
•re 1%01 1 e to
Which it
e%cr aincalul
;I of Fel.turto
r, tailor t, , ricd,
' , Alva of intozeo.
%f on itanwille
, ga NAZI gallon
MEM
820,000
21,000
110 MO
1 ,1 1 10,0011
1.3 , 0,1121
101,0
5,11.0
1,010
4(0
2'; 00
0,11
:0%000
C/EU
11,0: 0,0.10
3,410
1.5,1,00
2,12.0
4,ueu
5,9t0
,M 0
1,51:4)
5,,(130
p3,r:si,oou
0 1 .00,000
2214660
*XJ,OIO
30,000
.220,00 u
1,3114600
12,000
201410.0
40,014/
3010
1300
3,100
2300
23,600
4,003
200
IMO
40,000
5,000