w, SXI SENT*X StEPOHTE*, fSSBvKVIfI.M hm.h • - Otllif H>ll. pp., April 24.1873. f*RMS.-Tht Baron-ran ta publtahed half these rates. AdwartiaemenU 91,C0 per square (ten Koaa) for three insertion Advertisements * 1 ( and If month#, at reduced rale* Any parwoo .ending u* tha name# of ia Mi auMcribaar, with the cah will rv •air# tha Raroßtsa one veer free. W ■urrwidgr a great portion of our q*M thi* week to the speech of Hon. John H. Orris, upon the important •object of our state finances, to the •xelnsien of editorial and other rea ding matter. Thia speech is pronoun cod the ablest that was delivered st Harrisburg the past winter, and finds •pace in the leading democratic or gant throughout the state. Mr. Onrte figures show a defalcation of nearly 3 million dollars, as he proves from tbe official documents. No radical mem ber of the lower house pretended to be able to refhte Mr. Orvi*' statements The speech is worthy tbe study of ev ery taxpayer. . The democrats of Trenton can that city last week, and evidently, not dead yet THR DARK. AND BRIOHT MDRS. The N. T. Herald ia a leading aditerial upon the general financial end rotnmer riel condition of the country furnishes the following gloomy prospects : The amount of merchandise imported in the ton month* up to October SI, 1872, was $5TM79,887, and of epocie and bullion $lB - MS, while the export* et specie and bullion area $81,731,96? and of merchandise $856,741,844; that is to ay. our domestic export*, exclusive of *pocie and bullion, were late than the import* by $317,737,743. The export of specie and bullion in exec** of the specie imported wn* $68,686,116, for more than our mine* produced. Af ter reckoning the export* of ft)reign mer chandise and specie, in addition to that of domestic produce, and including the bal ance of $68,656,116 of American specie and bullion, wo wore still left ia debt $128,278- "87. How long can this go on without dis aster ? Tot wa are importing more largely thaa over. It is not pleasant to look at theae fact* and figures, hut it would be folly to ignore them. We should not act like the silly ostrich which buries it* head n the sand to avoid the disagieeohle sight of danger. Not so had after all—The Herald thinks: Still there is BO reason to despair. The future must he bright Nothing human can retard the progress of tbe country in material develepment, wealth and pro grass. If it should have to pay the pen alty for extravagance through a ftaancial crisis, the effect would oaly he temporary. The recuperative power of the country is astonishing. Then there are circumstan ce* that lighten tbe unfavorable picture we have felt it our duty te present. The gold and bullion that go out are balanced ia n measure by the wealth of labor and the money that come through the three hun dred thousand or mora immigrants that land hare every year. If aur rich absen tees in Europe spend forty millions abroad the emmigraat* bring probably twenty millions in money, in addition to tha wealth they produce by their labor. We should remember, too, that a considerable portion of tha vast importations came* here ia that form for investment It doe* net go back as capital. It gaes into rail roads and other property, and, therefore. adds to tha growth and resource# of the country. A good deal of the interest on our indebtedness te foreigners is so invest ed also. Looking, then, to tha foture, there is no ground for apprehension. It is only the immediate prospect that gives serious concern. It ia in making gold the basis of values while our stock of that ar ticle is decreasing. Cpoi Us* *ut*d fact that User* are in Philadelphia, twenty-flve thousand youth*, between the age of sixteen and twenty-one who tre without useful employment, and at the same time, laaa than four thousand apprentices to mechanical pursuits, the St Lwuts Democrat comment* thus: "Our common school system wf education was originally intended te aid the common or poorer classes in the acquirement of those branches necimry to the pwrsuit and preservation of thair own irterasta. But this system hashees sadly perverted. The present cemmon scheel course of study taxes both tho time and Intents of the pupils almost as much as a university course, sad is regarded, too, as a stop in the road to everything but an ordinary life of every day labor. Oar youths ■hould be Uugbt lessons f usefulness, end that 'knowledge is power,' but that pow er cornea ef knowledge not altogether gathered from hooks. Let them look around and see who are tho men of influ ence and was Ith in our midst. In many instances these are men who hare learned trades early in life and war* skilled work men, of temperate and industrious habits ; not those who have exhausted their phys ical strength and mental vigor ia complet ing the coarse of some high and normal school and at eighteen or twenty years of age wore only ready to begin their prepa ration for the duties of life. They should bo inspired with some ether idea than that greatness can be obtained only by pelitical distinctien, and other positions of honor presented to them than those ef President or Legislator. Tench them love ef per fection in art, and respect for skill in the artisan, and also the demand that exists in the country for American artisans." There ia a growing demand in the country for a mora practical kind of education than that bestowed upon the pupils of our com mon schools. Practical men, who are heading the age, declare there ie to muck cramming the head, toe IKtle fitting boys for what is most noaded at this time-skill ed labor. When n clerk is needed there are hundreds of applicants. At the same timo morn machinists and masons and car pentors and bricklayers are required than caa>e obtainsd. This is owing to the act that the common education of the youths of this country ia withdrawing thaua from mechanical pursuits, and over stocking tho other walks of active life. TUs must be remedied, or the crime lists of our largo cities will increase. When , twenty thousand lads and young men are i idle in the streets of a city they will run into bad habits, seme from bod aseocia- , Hons, and some from necessity. The best , system of education for such a country , as tho United States is that which pro- j pares its people for the duties ef active liie, and to the perfection ef such a system the trained intellect ef the nation should t bo directed. . A PATENT FKAUD. Could Btand it no Longer —How nod "Why Geo. Wm. Curtiaa Resigned from the Civil Sarvioa Board. Washington, April A— The letter ef res ignation of George Wm. CurtUs, it as fob lows: WtSTTII*, PaiOKTOK, N. T. I Match 18,18|$. } My Dkas Sin— Aa the circumstances usi|? which several important appoint menu hawo recently heen made, Icom to me to .how an abandonment both of the j .plrit and the letter of tha Oivll Scrwicc j oegotatiations, I respectfully resign my po*ition a.a member of the Advisory Board of the Civil Set vice. In o doing, I beg to a**ure you of my warmest wi.he* and of the continuance of my ino*t earnest efforts far the tuccew af your administra tion. Yctj respectfully and truly your-. [Signed.] Geo. "Wat. Ctavta* lb Hi* KrtUttnty, (If ■ < # -♦ ♦ About the only *ucvc*ful strike (or It'gher wage* wa* that of the last Congress Drunken women are o common tn Washington *lreat, lt.iton, a* scarcely to attract attention. Mis* Ann Wallace, who died at ila>lt>w lately at the age of lUS. was a direct de scendant of the Wallaoi with whom Scot* habled Hon. Isaac Slcnker. died at hi* residence in New Berlin, last night 18. Hi* Aineral will lake place at 11 o'clock Monday next. Byer* A Shafier* planing mill at Wtll launport, wa* destroyed bv righlniug on the Tthin-L Lews, about sA),lk*v-partly inur ad. "No white man for office," i* the Miotto of the uagro lodge. of Know Nothing now for ming in the South. Hognh on the carpet bagger*. that. hokkiblVacvidkn r Stonington, Conn.. April !•.—A dreadful accident-iccuml to the steamboat train on the Stonington and Providence Kail road thi* morning. Tha steamboat train trom H-wton fall through the bridgeal Michmund •witch. Sis cars ware burned and tiitoeu persons arc supp-wed to have l>en killtd. Sis bodies have already been rvcovan! from the ruin*. Tha accident wa* caused by the freshet. THE STATE FINANCES. A DEFALCATION OK #5 9*8,14 BFKKCH OF HON. JOHN 11. OK VIS, Of Centre County, delivered in the Houae of Representatives on Tuesday, April 3, 1873. Mr, Srnaxna.—l would have preferred, if time had permitted, going into commit tee of the whole where amendments could have been offered and discussed in the ordinary way. But the gentleman having charge of this bill has stated that the same latitude would be allowed in the house as in the committee, and 1 propose to *y now what I have to say in opposition to this measure. Had the gentlemen on this side ol the house seen fit to interpose the ordinary parliamentary obstacles in the way. they could have prevented its con sideration during this session, for it stood so low upon the calendar it could not have been reached in order, and I assert they would bare been perfectly justified in so doing, and that the responsibility for not complying with the requirements of the constitutional amendment ratified at the last general election would have rested upon the majority in this hou-e. The mi nority, however, have determined not to prevent the passage of some act to provide for the election of a state treasurer, but to hold the majority responsible before the people lor the propriety of its provision*. Two years ago a joint resolution to atntnd the constitution of the state, changing the method of electing the state treasurer wa* passed by both houses in response to the undoubted opinion of the people that a radical change was required for the public good. That resolution was again passed at the last session of the legislature, sub mitted to a vote of the people and ratified by the unprecedented vote of 681.630 for and 4,893 against it Wn may say it was the unanimous voice of the people that the change should be made. No change in the fundamental law ot the state was ever made by so nearly a unanimous vote as wa* this. Ia obedience to Ibis mandate of the sov ' ereign people of Pennsylvania the gentle ' man from Westmoreland (Mr. Latu . early in the session, on the 23d of January, read in place a bill to provida for the elec tien ot a state treasurer by the people, and ' it wa* referred to the general Judiciary 1 committee. This bill provided for the • election to take place en the t£ird Friday - of March, 1878, and the newly elected treasurer to enter upon the duties of hi* i office en the first Mendy ofMsy next, when the term of the present treasurer expiree The hill contained other provision* made necessary by the change in the constitu - den. The cemmillee, composed of a large i majority of republicans, instead of pi era pi - i ly acting upon the bill which was of the first importance to the people, and amend ing it to suit their ideas ef right and pro priety, if any amendments were needed, held it without action for four weeks, and then reported it back to the bouse with a negative recommendation, which put it in such a position as not to be reached dur ing tha session, as will appear by reference to its present place upon the calendar. The 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 recently in troduced no action ha* been taken by tba majority party of this house to comply with the mandate of the people as express ed in the recent amendment to the consti tution. TThere can he ne question in the mind of any sensible man but that it was the intention of the people to elect a treasurer who should assume tbe offlce at the expiration of tha present term. The action of the majority in this house and in thesenstein thwarting tbe wishes of the people ia this regard by failing to provide for the election of a treasurer before the etpiration of tbe present term wa* in open contempt of tbe unanimous desire and de mand of tha people of the state. There were ne reasoi able objections to the pro visions of the bill introduced by the gentle man from Westmoreland. Tt provided for special elaction upon tba day trhen four-fifth* of the counties of the state held their spring elections. The extra expense entailed upon tboee counties which had no election upon that day would not have amounted to $20,000. Tbe only excuse I have heard for not pausing that bill in the early part of tbe session is that the cost to the public would be so great as not to jus tify it, and yet in four-fifths of the coun ties of tha state no additional expense would have been entailed. Ido not know tha answer the majority of this house will make when they return to their constit uents and are asked, why did you not comply with the spirit of tbe amendment to the constitution so unanimously ratified 7 I do not kaow what apology they can make for violating this amendment to the constitution in the firttyearof it* existence, ia refusing to permit the people to elect a state treasurer. Tbe pre* ision ef this bill continuing the present incumbent in offlce for a foil ye-tr after the expiration of bis preeent term, is a plain, open and palpable violation oftharequirements of the amend ed constitution. It nay be wall enough, Mr, Speaker, to look into the manner of conducting the treaiury department for the last few year* and aae what brought the people to the temper which induced them so unanimous ly to require a change in the mode of electing the head of that depai tmont. Pos sibly an inquiry in this direction will also explain why the party in power so evident ly wished to postpone action upon this subject until this late day, and thus pre vent inquiry into the condition of the treasury. I propose to call the attention of the house to some figures, and I will call upon those members who are recog nised as leaders of the maferity here to ex plain some of these figures and account for the discrepancies and inconsistencies which appear in them. I especially in vite the gentleman from Tioga, (Mr. Mitchell) the chairman of the ways and means committee, which has special charge of thefinancial Interests of the com monwealth, the gentleman from Franklin (Mr. Mahon) chairman of the Judiciary general committee to which this bill was referred, and the gentleman from Alle gheny, (Mr. Ntwmeyer) who now ocou pi** the chair has special ohir(*of lb* bill! here, and any other Rfmb*r who choose* tn represent the majority on ihi* que lion. 1 a>k them lo captain hero the figures to which I shall call their attention, taken from the official record* of iho stale, not 1 | wait unlil the legislature has adjourned I and then allege threugh the newspaper* of the cemmoitweaUh that it I* mere political talk. There will upbear aome singular .figures of which the people will require l an explanation I desire llrat to call lb# ; attention of the kttiM to the condition of I the finances ol the Male on the llrl da.v of] ] December, 1866. In thc*la>t annual me* i -age ufUoveruor Curtia to the legislature ' in IKBT thi* statement I* made concerning the public debt of the commonwealth : Public debt Dec. 1. I8t fST.CMMM Amount paid during the| year ending Now. 80, J rtrtrt 6 per cent loan IhWUkP i4t per cent loan V6,tta> t* Koliel note*. .. 6&J CO Domestic crad ( certificate..,,. 'jrt tki 1 864.306W) Public debt, Dec. 1,1866—586,622,06210 I wish particularly to call the attention of the member* mi tha other side of the house to thi* statement of what the debt was on tbe first of December, 1866, S3A,- <122, U62 16, a* the accuracy of theae figure* become* most material a* we proceed in our iavrstigalion. An item-itod statement of thi* debt is also given as folio*. : Si* per cent l>>an $ Sti.tlWOUi Five percent loan. £1,6,8,19$ 6 1 -* F'our and a half per cent 10an.... 218,AS)OU Si* per(cent loan military, per act of May 16, 1861 *,800.760 > Belief note* in circulation ... Uri.tCi ill) Interest certificate* outstanding.. 18.086 62 Interest certificate* unclaimed... 4,448 88 Domestic creditor* certificate*.,. 11567 Making tbe sum of the public debt, funded and unfUuJtd, inter**t]beering and non-iiiterr*t bearing, at that day. $16,622,- 066 16. These figure* will be found in tbe governor's message, executive document, vol. 1, ltkVi. page* 8 and 4. Now, to veri fy this accuracy of thi* statement, 1 wish to call the attention of the house to the re port of the auditor general for the tame year, o that it may not be alleged that these statement* in the message of llever uor Ourtm were untrue. This same state ment of amount and character of thepublic debt on tbe Ist of Dec 1800, will be found in the executive document*, vol. 1, page 284, in the report of the auditor general, Joh< F Hnrtranft, the present chief executive of the commonwealth. i statement is also verified by tbe annual re ] jH>rt of Win. H. Kemble, the then state treasurer. There can be no doubt, there- I fore, of the correctness of this statement, | unices the head* of all the departments of ' the state government deliberately falsified ! the record* in stating the amount and character ol the public debt at that time. I I wish the house not to forget this, because I I will call the attention of the member, to | a subsequent deliberate fataificatlon of tha i records and accounts. In the January following, the term ofj offlce of Governor Curtin expired and his successor was inaugurated. On the 2d day of February, 1867, Governor Geary ap proved an act passed by the legislature providing (or the negotiation of a new tit percent, loan of twenty-three millions, in | order to take up t wenjv • three millions of the five per cent loan then overdue. This act was passed by tbe dominant party, and I for iU wisdom or folly that party is alone responsible. It was true that $21,000,000 of the public loan was overdue, and if the , creditors of the required payment U was was not only the right but the duty of the commonwealth to maintain its credit by, redeeming this oveidue loan, which could then only be done by negotiating a new one. But the creditor* of the common wealth did not desire the five per centl loan to he taken up, and as an evidence ofl this, it is only necessary to refer to the famous correspondence the then state treasurer and August Belmont, the; agent of the Rothschilds, who represented a large portion of the loan, and to tbe pro-j last entered by the capitalists all through; the country against having their five per; cent, bonds redeemed against their will. We have never heard from any member of the majority party any justification ef that item ef their financial policy —the ne gotiation of & loan of twenty-three millions; at fix per cent, to redeem a loan of twen-j ty-three million* bearing five per cent in terest against the wishes of the holders of; that loan, thus annually increasing the in terest of the public debt $239,000, by! which the taxpayers ef the state have al ready lost $1,8*),000 The act before referred to, approved February 2, 1907. provides, among other things, "that the governor, auditor gener al and state treasurer be and are hereby •uthorued and empowered to borrow on the faith of the commonwealth" $23,000,- 000. It wa* a special commission created, j consisting of these three principal officers; of thf state, to borrow this amount of; maney on the faith of the rommonwaalth, and apply Uto tbe payment of the bonds i and certificate* of indebtedness of the state and for no other purpose, for tbe act fur ther provides that "the proceeds of the whole of which laan including premiums , etc., received on the tame, shall be ap plied to the payment of the bonds and cer tificate* of indebtedness of this common wealth." In fact the legislature could not have authorised them to apply the pro ceeds of this loan to any other purpose un-1 der the provisions of the amendments to, the ronstiution of 1867, which limit the; power of the state to contract debts in; time* of peace to that purpose, except the; small amount of $780,000 to cevar casual 1 ! defic its In tbe treasury. During that year j the whole twenty-three million loan was negotiated, and we ought to presume it wa* honestly and faithfully applied to the payment of the public debt, as it could net constitutionally or legally he applied oth- ' erwite. The only change made in the . condition of the finance* of the state was , the •übstitntio i ofonc loan drawing six per cent interest for a loan of tbe tame amount . drawing five per cent, interest, and of ! course did not increase the principal of the public debt. In order that everyone f may understand fully the financial trans- ( actions of 1867, I will here give the par ticulars of tbe sale* of the new loan! the re- ( demptioni of the old and the amounts of premiums and interest received on the ! new. Loans Loans Interest Premiums Redeemed Sold Meeeited Jleceitni Dec, 1866 SB7 *0 Feb. 1867 ;00 06 Mar, 1967 230,003 35 .. $1,017 52 Apr, 1867 276 * May,W67 *.60 60 .lune 1867 41,000 (0 K&-, r > July, 1867..... 18,386.166 23 17,887,46() 00 2W.006 74 82,486 76 Aug, 1867 4,496.864 Ort 4.462,000 00 49.622 12 1.629 71 Sept, 1867 1,396.064 98 684.660 00 4,669 48 91 50 Oct, 1867 944,013 Nov, 1867 629.669 W 6,000 00 60 00 3 60 Tetal. $20,918,829 89 28.000,000 00 *7.206 29 86,002 88 Of the amount of loans rodcemed during this year the sum of $1,794,644 60 was re deemed by the commissioners of the sink ing fund, and WHS not therefor# paid for by any portion ef the proceeds of the sale ot tho new loan. This left only $19,124,- 186 39 of the old loan redoemed during the year, with tho proceeds of tho new, thus leaving $3,876,814 61 in the hands of the commission created by the act of Februa ry 2, to be subsequently applied to the re demption of the old loan, which we hare a right to assume wgs honestly done. In the first annual message of Gov. Qea- ! rv made to the legislature in January, ukict, be commences hit financial statement by giving the publie debt on the Ist of Deo, IHtkl at $86,092,069 l This lale nient will h* found in executive document f r ll(. page. four end live In thie mes sage, merit you. Ii Deary adopt* the statement ol lila predecessor. ea to the emuunl of the public debt outstanding et the end of the one, end the beginning of tho other ediuiniatretlon. Rut without one word of explanation. he immediately fol low* it wlttt the follow lug it nit I red state •uent: Funded debt, via; Six perct loam $36,311,180 ttl Kiveprct loan* 12.104.026 'Jo Four and a halt per cent lean* lib UUU I*l I nfunded debt, vl* : I Relief note* $96,025 (*l Internal certificate* j outstanding la, turn Ct'l Intere*t certificate* ' unclaimed 4,448 :!8 I Domestic credit certificate* 44 07 Total amount ouUtauding $37,704,40.' 77 In the heat annual message ef the gov arm* wr have the financial ttatemenl end ing with thi* declaration "By the re port of the commissioners of tbe sinking fluid fur tba year ending September 3, 1807. the loan* redeemed amounted to $1,71*4,609,60. and by their report from September 3, 1807, to November BU, 1808, the lpan* redeemed amounted $2,414,- 8t6,64, (making a total reduction of the slate debt in two year* and three month* of $4,298,380.14." The financial statement ending with this i|uotalien will be found on page* lour aad five, executive docu iuents, 18U8. In order to prevent any con fusion a* We proceed 1 will stale that adi* crepancy e*i*ta in tbe above tatement ef of th loan* redeemed in 1807 of $76, a* compared with the *utemeiit of the audit or general fer the same period. Thi* con sisted of a domestic creditor'* certificate redeemed tin favor wfThomn* Fisher) for $76, which vat no doubt accidentally omitted by tlevcrnur ISeasy. By includ ing thi* Item tho real amount redeemed during 1807 by the commissioner* of the •inking fund would appear to be $1,794.- 044 60, instead of $1,794,600 60, The Due emount i* shown by the auditor general • report for 18*7 in executive document*, 1867, page >os Wr now come U> the third annual mes sage of Governor Geary, in which the fi nancial statement "At the commence ment of the present administration ia Jan uary, 18)7. the total outstanding indebted ucea of tbe state was thirty seven mil lion. seven hundred ami four thou sand four buudred and t tie dollars and nevenly seven cents. Bince then and up to November 30, 1860, the sum of lour tnilliou, eight hundred and ninety-nine thousand, eight huu dred and sixty-eight dollar* and eigh ty-two cents have been paid, and at lite per cent, the sum of two hundred sod forty-four thousand, four hun dred and ninety-three dollars and for ty-four cents ia interest is annually ! saved to the commonwealth Consequent ly the total amount of the indebtedness of i the commonwealth on November 80, 1809, ' was thirty-two millions, eight hundred and j fourteen thousand, five hundred and forty dollars and ninety-five cents. The reduc tion during the year ending Nev. 89. 1899. amounts to four hundred and seventy-two thousand four hundred and six dollar* and eighteen cents." This statement will be found on page 6, executive documents 1809 Tho financial statement in the fourth an nual message of governor Geary coocludee a* follows . j "On the 15th day of January, 1867, the 'total indebtedness of tbe stale was sß7.* 701,409 77. Since then and up to Novem ber. 80. 1870. tbe sum of $8,582,747 87 hat been paid. The reduction during tbe year endii g November 80, 1870, U $1,702,- [879 06." This statement will be found on page (, executive documents 1870. In tbe last annual message of Governor Geary to tbe preeent legislature, a sum mary of tbe financial policy of bis admin istration is thus given - ! "During tbe last six year* payment# on tbe debt have been made as follow*: Amount paid in 1867 .$ 1,791,644 50 Amount paid In 1888.._.~..... 2,414,816 64 Amount paid in 18P9.....~~... 472,406 18 Amount paid in 1870.1.702.879 06 Amount paid In 1871 2.181,680 17 Amount paid in 187$-——2.476,398 00 Tola I payments - 810,994,662 64 Being a little over tw**ty-nnu per e+mt. on the debt due Deo 1, IMC, which *ll then $37,704,409.77." Thu, in three annual meteege* to the , legislature did Governer Geary anaeunce to the people of IhU common weellh that the public debt at the begining of hit ad ininiftralion wat $87.T04.41/9 T7, when in truth and in fact at thown by the public record a of the time.it wat only $36,622,- 06216. The author of thcae message* it )no longer on earth, and we should Dot I charge the fattehood contained in them te hi* account, but presume he wat not him self retpontibie for them, that theae fig uret were (Urniabed to him by officer* in the treaiury department or in the auditer general't office, and that he wa* impoeed upon, and lad to believe the statement to bo true: at least this it the moet charitable view we oan take of it In thU lati message the governor state* the total payment* during the last til years were $10,992.662 54, which, if true, would have icduced the public debt from $36,022,062 16, which it wat on the lt of December. IW6, to $24,625,389 62, on the let day of December. 1872, instead of leav ing it on that day $27,306,464 61, at tba governor ttatct it wa*. Here we find a discrepancy unaccounted for of $3,674,106.- 02 ; that it, during ihete til year* the offi cer* in charge of the treasury of the (tale, who have all been of the dominant party, have atked fer and received credit with paying $2,674,106 02 of the public debt more than the debt ha* been reduced dur ing that time. In other wordt, from Doc. 2, 1666, to Doc. I, 1872, the public debt wat reduced from $36,622,062 16 to $27,- 303,494 64 ; a total reduction of SB.BIB. 667.- 62, while during that tame time the differ ent state treasurers have been credited with paying $10,992,662 64. To cever up this defalcation, the guilty partio* had to revolt to a falsification of the records, and this wat deliberately done by stating tha public debt on tba first of December, 1806, t<> hare been more than two million dol lar* greater than it actually wat. Now I challenge the gentlemen on the other tide to explain or excuse this falsification el the records ofourstate The tact* I have already given would be sufficient to ac. count (or tha wonderful unanimity with which thejseople demanded a change in the manner of electing tha head of the treas ury department. Hinoe the beginning of lhcseaion I bnve taken the opportunity to study poiiiieal arithmetic as exemplified in the annual re ports of the auditor general and state treasurer, and I find other facts and fig ures as curious as those already given. 1 desire to call the attention of the people of the state, to these figures. I find the amount paid as intarest upon the public debt the last six years exceeds the amount of intereat accruing upon the entire debt for that time several hundred thousand dollar* This might fairly eccur in any one particular year, as the coupons falling due the preceeding year may not all have bean presented for payment during that year i but this excess appearing in one year would be balanced by the deficiency in other years. I submit that during a period as long as six years the average would be reached, and no more interest actually paid than would accrue upon the entire interest bearing debt during that period. I hgye made a careful calcula tion of the interest upon the public debt during each of the last six years. Tbis calculation I admit I* not strictly accurate, but is unduly favorahla.to the treasury >le partinent, because I have allowed the in terest upon the entire amount outstand ing at the beginning of tbe year for a full year, although Urge daouao welt re deemed dm in* the year, while upon that portion of tbe debt rwiaamed during the Ural half of each year, only a!x month*' in leral could |>.iaaibly have been |>aid. With llit* exception I believe my calcu* ! latum i* atrlctly accurate, and 1 •übmit it to the inspection of Uie gentlemen upen I the other tide of the house ; iart*Hr ON rvat.ic nabr. 1867 $3,222,881) Ui si x per cent 193.272 Hi) $32,(JVt,192 6U, five pur cent.... 1,008.66902 S2U,*M,U> teur and a half per cent 9.694U) 1868, $96.311.|HU Ul six per cunt. 1,618.670 Ml 612. lof.UV.. UU five per cent 696,39120 fIM.UVtD four and a half per cent..,- 6,876,U) 1860 r--.Mi.iw) to • i x per cent ..$1,618,670 81) $7,748,771,6* five per cent ......... 387,47867 $112,(Ul UU four a half percent... 6,911,00 187U, $26,311 180 (V six tier cent .... .$1,618,070 W $7,277,3*4 38 five per cent,........... 863,8*0 21 SII2.UK) 0U tour and per cent...- 6.04000 187*. $23,344,6*1),Ufi .ii per cent $1,400,687 80 $6,408,616,16 five per cent ..... 270,436 76 $112,000 00 four and half perct.- 5,040 0U) $11,213,22922 During each of the foregoing year* there was an in la res I bearing unfunded debt a* follows, vis : $13,080 68 interest certificate* outstanding. 4,448 38 interest certificate* unclaimed. 44 67 domestic creditor* certificates. f 1T,67957 at U per cent ...$1,054 77 A lhM certificate* have no coupons at- UtbrJ the interest would only b paid when the principal i>, and a* 110 part of tha principal ha* Lean red armed, it i but fair to assume that Bo interest ha* ban paid on account of thi* portion of the debt The discrepancies between the interest ac cruing and the amount* reported a* paid will appvar by tba followinit recapitula tion ' Tear. Inter**! us wkole Interett reported debt uufifdJii/iny as karmf keen at tke beginning paid durinf tke of tke year. year. I*C .$1.*16,526 42 f2.967.0M 87 18® 2,18',747 tifi 1,979,(Ml 91 180W 1,911.19937 1.896.J63 71 187W 1,887,£5W 01 1.864,81177 187 1,799,97181 1.785.U5581 187 1.7.90f 55 1,706,996 38 Tidal 11,218,28928 11.488,821 06 Itxcese of the interest paid ever amount j accrued during the tune. $275,591 83 It 1 wilt he notice*! that the excess in tbe year ; 1887 was $46u.6U6 95. This may he ex plained by saying that when the new loan was negotiated during that year, coupons partially matured were attached to the bond* and told with them. This is prob ably true, as we find the treasurer charge* himself during that year with items ot "in terest received on loans," which aggregate $267,265 49 ; .till this leaves $183,251 06 un explained. During the year IM2 the ex cess vsi $29,791 98. If, as 1 submit would be fair, we assume that the loans redeem ed each year, were on an average redeem ed in the middle of the year, the above calculation of the interest accruing should be reduced to the extent of one-half* year's Interest upon the amount of loan* redeem ed ; la* these were mostly five per cent, loan* it would be two and a half per cent, upon $10,892,982 64; thi* would make $274,816, 66, which added to the excess be fore shown would make a total excess of interest paid during the sixtyear* over the whole amount accruing during that time of $650,409 89 I desire to impress upon the mind* of the gentlemen Ute fact that thi* is not a question of the meeapptieation of the money belonging to the sinking fund, which should have been used fof ne other purpoee than paying the public debt My allegation is, that during tbe laet six year* the treasury department hat been credited with paying mora both of the principal and internet of the public debt than have been actually paid. During this time, no new debt bas been created or authorUed, excepting the twenty-three million loan, heretofore refrried to, the proceeds of wMfh were nppHpgblfi sulely to the pay ment ef the oeer due loan* of the state, certificate* issued to the citicen* of Cham bershurg. amounting $297,867 65, and the bond representing (be endowment fund of the agricultural college for $600,000 00. In the first two messages of Governor Geary, tbe people were furnished with separate statement* of tbe administration of the sinking fund During the next two years no such statements were contained In bis mesasage or in tho ryporU of the auditor general and state treasurer. By the fifth soolion of tbe act of April It, 1870, the state treasurer was compelled te publish such seperate statement, and we have tbem given in the last two reports of that officer. I found it therefore impracti cable to give a connected exhibit ef tbe administration of this fbnd during tbe last tlx years. In order to obtain tbe desired Information, on tbe 22nd cf January, I bad the honor of offering a resolution request ing tha Slate treasurer to furnish the house with a statement showing the re-, 1 ceipts and disbursements en account of ' the sinking fund from its organisation to 1 November 30, 1872. The statement fur- - nlsbed in response to this resolution will be found in the legislative Journal, page ' 438. By comparing this tatement with 1 tbe annual report* of tbe auditor general 1 and state treasurer, showing tbe payment* 1 on the interest and principal of the pub- ' He debt. we find the entire sum which;' Governor Geary claim* to have been paid by the commissioners of the sinking fund.: 1 rxceptiag three items. In 1809, 1870 and I 1871. small sum* were paid driectly by the c treasurer, but were afterwards carried to 1 and iocluded in tbe sinking fund account. ' The agencies, through which the public ' loans have been redeemed will appear I from the following statement: I Year Sinking Fund State Total Cksmu'si Trent er 1*67 $1,794,644 6(119,194,186,39 ai.yiK.KM W 186K '2,4)4,816 64 '2,(02.64700 4,417,466 64 186 V 362,76209 •100.644 06 472 406 18 1870 1,602,8*21 81 •IUO 667 74 1.702.870 86 1871 2,113.228 63 *18,361 64 '2,131 60017 1872 2,476,3*26 00 - '2,476.326 00 •These items are carried into the sink ing fond account. If we take the annual stalcmant of "loans redeemed,'' "interest paid en loans,'' and "other payments" on account cf the linking fond, and compare them with the report made by Treasurer klack ey, published on page 438 of the Legisla tive Joqrnal, we tgill find other discrepan cies, vis: cfe„ Ishnd - Ofhar Payment * Redeemed. on Payment * of Loan*. . Sinking Find. Statement of R. W. Maeke y. MC7...51,794 t j44M 2,267.08337 1.23200 4,430,49606 I*9" ri^ 6 ® 091 J 2 - 000 ® 4,382.11696 18bJ... 472,406 18 J,k">,2&B 71 7,200 00 2268.714 20 8?" 9 S 77 86 ' 67R5 ° 777 58 J2.V" 17 n -TSfoOte 91 88,63* 42 8.9H0 64ft 96 4W2... 24,6,866 00 1,706.996 89 34,88486 4,808,964 26 10,'.92,06264 11,488,821,06 281,464 29 22,920,70800 Total paymonta $22,7192,37 88 Discrepancy *07,770 174, Tlieae "other payment*," amounting loj $31,464 29, conaiat of the aalaraie* of the •Inking fund coiumtMioiiar*, (alary of clerka, compensation t" banka In Phila delphia, acting ni the final agent* of the euinmenweelth in paying it* internal and redeeming the loana, and premium paid upon gold with which to pay the Inter et. Win. then ahould havj been the condi- I lion of the public debt eu tbe Brat day of December, 1872, the end of tbe iaat flacal year, had all the payment* been honestly made a* claimed and credtlnd f I hava {prepared two calculation*, the first exclud { in K the lwenty-thr>e million loan with the premiums ami interest received upon 11, utid the aecend including it. l'uhiic debt Dec. 1, Iter. $36,022,062 Iti! i.ean* redeemed during the *ix year* iu,992,06* 64 24,998.189 fit Add, Cb .mberaburg certifi cate 297,377 64 Agricultural col bono 6UU.UU9 U) Debt December 1, 187 V. if the pay menu have been made a* alleged $25, 490,7*7 27 i Pub'ic debt Dec. I, IntV, a* reported . - 27,308,494,04 Discrepancy $1,878,74787 Tin* •tatement omit* several item* which muat be includtwl in a proper and honeat audit of tba accounu. The correct *laleineota would be Public debt Dec 1, 1800 s*s,fi',£iU69 18 Add ainouutofnew loan vn.uuu.ouu.tm Cbamberaburg cwrtif.297,877.86 Agricultural Col. b0nd........ 600,(MM,(J0 Total authorised debt $69,419,428 81 raa coNTa*. Loan a redeemed from Hinking fund ...-.510,992,602 64 Old loena redeemed with new VS,(*IO,OUO >' Interest received on new lean 257.266 'Jn Premium receiv'd en new loan MB.UUV *3 Discrepancy in 8. P. account 307,771' 12 Total paymcent* sfll lifilflflO 78 Debt Dec. 4, 1874, if the pay* meat* bad been made ....$24,366,739 03 Actual debt 27,**1.494 84 Actual defalcation .-92,437.755 fit' If to tin* we add the discrepancy in Ike interact account a* heretofore shown o! $660,4un 3d it will make f2,'.hx,lM (•). a* the total dlacrepancy, defalcation, or to om) a plain old Knglish word, etealu iy which ha* occuried in the lat tlx year*, <iaM. I believe tbo people demanded thia, whan they ratified the last auu-ndpirnt t the constitution by aurh a derided vote, i bailors It to l"| violation of that amend ment tocontinue tbo present treasurer in power for a full year after the expiration •f hi* present term by! legislative action, j Mad the senate and bouse of represents lirra met la Joint MWTOateMl the tbird Monday of January la*t?and proceeded to elect a 'lata treasurer for tie torm com mencing n tbo flrat Monday of Mar, IH7, and ending on the first Monday of May, 1M74, arory one would admit our action would havo boot! in upon contempt of the requirements of the recent amendment# to MMHMIbRi I deny that >o bare a right to do in ihU indirect manner what we were prohibited from doing directly and openly. The effort of tilt* bill in un doubtedly to continue Mr. Mat-key in of ] flee for a full year after the atpirallon of ! hit present term Wlien we come p> the , proper section of the bill, 1, or aome other gentleman, on this aide of the house will I offer an amendment to atriko out "the flrat Monday of May" a* the lime when the . treasurer ahali enter Up on the duties of hi* ' otllra, and substitute "the flrat Monday t I December," lite beginning of the fiwel rear. This the hnuae can and ahoutd do, 1 although the majority way he of the . .pin ion that it t* unwiae an I lUl oolitic to pro ride for a apeclal elortion before the ei piratton of tlie present term But 1 deny thai th legulatura haa the right to con tinue the present treaaurvr in office for any length of time much Jtwa a full year in open and paloalfe roiiLampl efibede-! crae of the ponpie of this cotumoaweaHh. I \UWOLOTIOX - The partnership I /heretofore dialing beta, n J J. Ac T. Lingle, haa been diaolrcd by mutual con •ent and the business will be rontinuad by J. 4t T. Ling le, who willaeula ail account* of the old firm. apriott J. J. A T. LIXfJLK \TOTIt'K.—The partial account >f I. J.l V. Fortnty, <'<>uimit!< eof Jt Ilatla bisb, t Lunatic ) haa been filed in thi* af flee, and will be presented at the April Term of ('out! heat, for eonfirmation A. WILLIAMB, | aprfl-3t. Froth on atory \V. A. CURRY, BOOT & SHOE MAKER CENTRE IIA EE. I*A. Would tisusl respectfully inform the cit* aen* of thi* vicinity, that be has suited a new Root and Shoe eibou, and would be thankful fur a abate of the public natron age. Boot* and Shoe- made to order and a.-carding to atyla, and warrants hi. work (to equal any mad# elsewhere. Ail kind, af repairing dona, and charges reasonable Give him a call. fibliily. THE PEOPLE S ORU6 STORE. Next iloor to \\ ilaon fc Hick*' Hard ware store, Allegheny St., BKLLEFoNTK, PA . R. F. Rankin 6c Co., (Huecoaaort la Linn A Wilton.) DEALERS IN PURE DRUGS AND MEDICINES, CHEMICALS, PAINTS, OILS. DYE STUFFS, VARNISHES. BRUSH. KS. 1 EKFUMKRY. NOTIONS. AND tANCY ARTICLE*' FoU THE TOILET, Aw. PUfl£Wh x )£& LIQUOR fjv medicinal purpose*. SHOULDER BRACES, iTRUSSES A SUPPORTERS in ureal variety j Alto, Choice CIGARS AND TOBACCO, . !)<' alt iXhfr article, usually hept in in) rlaM l)ru; Store. PRESCRIPTIONS CAREFU Y COMPOUNDED. ; if.linn. It F RANKIN A CO. BOSTON Boot & Shoo Store! A NEW ESTABLISHMENT I With New Goods & New Prices! Having determined to engage in bu>nea> at Ibw i.lace. we have opened up in Room XO. 5 BUSH'S ARCADE, BELLEFONTE, PA., the largest moot complete and cheapest slock of. BOOTS, SHOE*, GAITERS,SLIP PERB. AC.. that hat ever been opened up in thit part' of the State, At our More yon can find in i the Boot and Shoe lino Anything T&u \yinti from the tlnet boot la the cheapen slip per, and wc know If you once call and! EXAMINE OUR STOCK AND PRICKS vow will concede that it i* L> your interest to purchase Irom u*. WE KEEL AT IIOSTOX 1C ITFA lle'PMiriiig Xrallj Hone. B. L BATCnKLLKU A CO. July mr NEW HAROARWE STORE Ml I,LHELM Fa. W. J. Mt-M A*|*mu Montgomery. Centre County, Farmer*. Mechanic? and other* call and examine good*, and compare price*—Jim i* a ■ clever fellow and will do all in hi* power to accommo date you ALSO: Do not forget THE OLD STAND AT MILROY, i where you will always find a full Stock to teioct from mid price* to fc'uit the time*. Being very thankful for the patronage and many favor* shown ine by my Centre county friend*, I still solicit their patron ages and I will guarantee to give tuti*tac tion in every way -Good* will told very elose for cash. Yf. J, M M ANIQAL. febSo.4m. QOURF PROCLAMATION. Whmu ths Uoa. Ctwle. A Mayer. Prsaldaat of tha ooart of Common Plan*. In thsltttb Judicial Din Ulet, oonalstln* of ths OOUQUM of t'aotre, Clinton, nnd 1 isaidsld. nnd thn Honorable W w, Lov nnd the Honorable ll.nry Dopp. Associate Judge, in Uwliti count?. hastn* Issued their precept. heaiiu* date the Oh day of January. A U . ,<*. to me directed for hold- In* n ooart (if Oysf nnd Terminer and General .Inil lie ! livery and (Jaarter Soaaloon of thn Ponce la Heilofoete. f..r the coongr of Centre, nnd to rommcucc on the 4th Monday of Aprl neit. brln* the Sth da? of April IW. nnd to roatlnuj lero wceka. Notice in hereby riven to the Coroner. Juatlcea of the Penoc. Aldermen and Couatabiea of the uid county of Coatre. that ther be then and there iu their proper uereona. at lb o'clock In the furnaoou of said day, WHO Uioir records. inquialttou-. •-lamination*, and their own remembrancaa. to do thuae thlu*a which to their office appertains to ho done, nnd thqae abo are bound In re curnUnacee fo promee! o nceinst the prisoner* that are or shall bo in {ha Jail of Centre county, be theu and there t prosecute acalnat them as shall Iw just. Ulysn under my band, at BeUefonte, the lib day of . O. DUXfilOn. g.TR. Mt'mgß.' MILLHEIM MARBLE WORKS.; New Firm—New Enterprec. DEININQEH & MVEBER, Hncoi. ,ra to It, O. RgixtgoKKi | We would moal roipectfully inform lh public, that they have taken charge of tbv old and aucccaaful natabiiabment. and propose U carry on the mma under re nowctl AUfpico*. They have on hand, and will make to order I MONUMKNTB. * t-HilJf'flKH TON MB* j MKAp.sTtiN'KS. poeatbl# deaign, and prke. Tv u*e tho boat grade* r,f marble- ITAI.IA*. , CtlAli, rw **v CbflU t, Axel*. Spring Wagon < ikiis and Motes, Complete Mock of ** 5 rpaU*r tool* and builder* hard- C _ -are, lock*, oils, paint*, glass, yar-|S 77 uisbm, brushea, cucutubcr nnmpsandi^ tubing. Lamp, af all kind*, soalaa, C [jjyuUery, | V OOIJ AND WILLOW W.iliK *| I Pull lina of aaddiety and coach n>a-| jkers goods, wood work for buggo-. i . *nd wagons, ploughs, barrow*, culti-j pjrator* and gnml*t.oncs. Looking "dj (4 glaesc* and mirror plates. Picture CCj y frames mad# to order. They •£.> J hare the celebrated cook stove, ~ 3 SUSQUEHANNA, t mmr l od. i 5 < Wf LRUS' A mCKS. g > marlfitf. Bellefbnte, Pa. < jx | = I 15 Gift & Flory's New Shoe Store ! AT CENTRE HALL I They hare new opened, and wit] coertaav y keep on hand, a tplendid u*k of new sHOtS, GAITERS, A SLIPPERS, for l m, oiuer. and children, from the be*, nunufactorie. in the country, and now of. i fered at the Lowest Prices. BOOTS and SHOES made to order, upon - sort notice They invite th< people of ifcu vicinity to give them a call, a* tbey ail I rtme to merit a share of their pat ronage. niylOu JtfEW FURNITURE STORK. 1 noon nti.ow Ilorrca's BELLEFONTE, PA. GEORGE (THUYAS', Dealer IB OE ALL KlXtyi, BEDS TEA UN, TABLES. CHAIRS Parlor asd Chamber Seta, SOFA S, LOUNGES, BUREAUS, WASHSTANDS, WAEDDBES, MATTRESSES, Ac. Particular Attention to Ordered Work. REPAJJiIXG DOSE PXaMPTLY. VXOKKTAKINO, in All lu Branches, metalic, i;alwt, rosewood, and COMMON* CASKETS. Alway* on Hand, and Funeral* Attended Witt an Elegant Hvarvc. ap&tf. Stoves! Fire! Stov's: At Andy Itccsruau's, Centre Hall, are latest and beat starve* out. he baa jurt received a largo lot of jCook Stove*, the Pioneer Cook, the Eclip*e Cook, the Reliance Cook. PARLORS—The Radiant Light, *elf-fte continue | the *mv, at the