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VOLIMiE 6..
. THE PEOPLE'S JOURNAL, l is equival.nf to a virtual payment of I
PUBLISHED EVERY FRIDAy, MORNING
. $.100,C00 of the five per cent. bonds the I
t
amount thus saved ivill be a permanent
BY lIA.I{ELI, & AVERY, ) .
1 1- source r without making any exactions
Terms:
rom the-people, and. constitute a .sub
-
pt . " atantial additiontofhe sinking fund.—
rine copy per amain', in advance.
V illagesabscrihere perannuni,in advance, 1.25 I will be a,virtu , al . reduction of the pub:
RAIES OF ADVERTISINC..—ene square, of lie deb! l() the amount of $282,222 47.
twelve line. or hies, will be inserted flare Tilt ,
floating liabd ties and current dt.;-
Hines for one dollar; for every subsequent
4nands u i ,on the treasury, at the period I
i.l..ortion, twenty-five cents will he charged.
R tle, and fiztfro work will invariably he have indicated,.were as hallows :
ch red double tlie.4! rates. Damages. balance an,contfacts. and for
.',...wThvse terms kill be slrictiv :allforea to
labor and materials on the public works,
prior to January, 1852, and since -paid,
as appears on the books of the Auditor
General,s3Bl;7s.P. 15
Temporary loans, i s, " •898.000410
Unpaid appropriations, 621,:33800
THE GOVERNOR'S MESSAGE.
- - -
"l'o the La torable the Sitiree mid Wein
q!...e:•s of the Mule of Repre,yenlatives
rf Cie General :
GENTLE-aEx .—A benificent PrOVi
d,mce has favored the people of our Com
ino,iwealth with a high degree of health
and deueral prosperity during the year
jest closed, and with many other causes
cf pleasure and gratitude. numbly ac
4znowlbilging, these blessings, let us ask
his divine direction in the discharge of
.official obligations.
It affords me unatLcted delight to
welcome the representatives of the peo
ple to the seat of government, and rely,
for a time, on the aid of their combined
wisdom in . the administration of the
ptil lie atiltirz; and it is also . a grateful
1,14.!o perform the constituttonal injunc
tion that requires the executive to com
municate to the General Assembly infor
mation of the state of the Common tvealth,
and make such sugges6ns- and remit
meniations as the welfare of the people
amid the exigencies of the times may seem
to demand ; and to the discharge of this
obligation I now proceed.
The receipts at the treasury for the
year 1833,.exclusive of loans, and in
cluding the actual balance in the treasu
ry on the first day of December, .1852,
• Cbeing.Sti7l,o37 72,) =minted to the
sum of $5,952,47.1 7.1.
The payments for the same period,
exclusive of loans and other extraordi;
nary expenditures, make the total sum .
of $1,1;11,013 47, being $1,515,:326 10
less than the receipts. (f this excess,
$505,057 . 55 was paid to the con-Mils
sioners df \ the Sin Ling Fund, und €4,3J9,-
WO toward the payment of the old dz.-tits
and the construction Of new work on
the North Llranch and Nonage railroad,
being part of the temporary loans au
l.nrized'hy the au; of the :nineteenth enth -of
'Aim) last, which, together with the hal.
itIICJ in the treasury, applicable to the
.r.!demption of oatntandi6g, loans, reduces
t:te actual bllance oa Life tines day of de
inber I , st to sum olnboat $4i125,0f 10,
ti I,e - uscd in tit,! payment of the Febru
rural; interost.l
'I'll! receipts for the year 155 I, in
cluding the balance in the treasury on
the first of December, 155:3, may, •in
In opinion, be salely estimltted at
.
'1 he expenditures for the sa u te prriod,
;ncludttig $2710,00:1 for the payment of
old eitbts on the pubft VQILs, and' 30°-
000 for the-t , inking fund, should not, and
proper care be tni.:en,•will not exceed
the sum of :! , I,soo,ooo,•leavin:g a balance
in the treasnry on the Ctrs., of Oec, , tuber,
Sid of $1,31(1,117 31. Dal LiciaL: front
•;:ws 5625,000, the amount that
remain in the treasury due February 1,
ii 555, and we have a surplus reuenue
of over $70j,000.
It is thus made evident t o my mind,
that the treasury will hare the ability,
during the coming year, to the
eutile amount of the tempoaary loans
tpw outstanding. and p.iy the .debts to
-wit:ch 1 have already referred. Rut no
allitionJl draft shouid be made upon it
without provision being first made for
th it parmntt.
At the time of my induction into or
f,ce, the liabilities ul the State were as
fo!lows, to wit:
pei• cent. bonds, _
Five 'do do
Four and one-half per
cetv,iban,ls, -
Relief notes, per act -of
flap .
CilliF.cates for unpaid in
. terest on the public debt,
for the year 1843,1844,
lind 'l5, with their accu
mulated interest,
Domestic creditors' certif.'
I=
'total liahities,Dcc. '3l $10,131,47 43
Add Inane of A pri I `2,!52
-for the completion of
'North Branch canal
$.11,004,457 48
'From which take the following pay
merits :
To 't sinking fund,i4;81,469 83
Intereston outstand
ing certificates,
50,752 91
Total amount of funded
debt at this time, $40,272,2:35 pi
To meet this apparent increazie . of
$117,677 53 ofthe public debt,'lt should
be . observcd that, by the cancellation of
six per cent. bonds, we have a saving, of
$ . 20,003 annually to the treasury, Which
Total, 51,401,09,015
The floating liabilities of
the Commonwealth cur=
rent demands upon the -
treasury tit this time, are
Railroads wthal dag5,5.127,73400
Temporary loans, .590.000 Oil
Unpaid lipproioialiooP,:±o3,o9s 00
Difference between the two prriOds, 177,661 15
It will, thusappear that the floating
liabilities are $117,601 15 less than'w when
I rssumed the duties of my present sta
tion. It should be remarked that the
floating debt, as above stated, is no new
thing. P. has always existed to a great
er or lrss degree, but has not usually
b..en exhibited in this form. A balance
of unpaid appropriations-is unavoidable,
and has not been so stnall for many years
as at present.
Daring .tho year 1E52 and 18.53 the
following, appropriations and payments
have been made towards the construc
tion of octi improirments.:
For re-laying, the north
track of the Columbia
railroad.
For th= consiruction of a
new road go avoid the
inclined planes, on the
Alleghany mountains,
For the completion of the
Western reservoir, 52,380 41
For t' North Branch Canal, '1,000,000 00
For the new ticks on the
Delaware Division
• 42,143,915:2'1
From the foregoing figures it is I aPpa
ront that the•operations of the treasury
have exceeded our most sanguine expec
t.ltion., yielding over a million of dol :
lars annualy above the ordinary charges
and experices ; and showing, that if; no
new improvements had been in progress,
.two millions, at least, of 'the public 'debt
could have been paid during the last
tiro years. In addition to these .e-xtra
ordinary.expenditures, there. was
out of the treasury during said period,
in pursuance of laws 'passed prior to
: fur the State Lunatic Asylum,
$70,700 ; for the publication. .of .the
PeninsvlvaUia Archives and Colonial
Records, $23,163 5,21 for the improve
ment of the State penitentiaries,s3s,ooo
for the publication;of I'rofiessor Rogers'
Geological survey, $16,000 ; for the
piln:ration of registration books, $12,-
1:10 19 ; to the -Sugar Valley and Deer
Gret k Turnpike company, $B,OOO.
It will readily be perceived, therefore,
that should the appropriations hereafter
b-.! confined strictly to the, ortlintrry:ex
pentes of government, we shall have an,
annual surplus revenue exceeding one
million of dollars, applicable to the .
•pavimmt of the funded dilbt. That
such chodld be the' policy cf the State
after the completion of the works now
in progress, u ill not be doubted: The
importance of such economy in vieiv of
the on at end to be obtained—the liqui•
dation of. the publlie debt and conse
que, t relief of the people from taxation
for State purpOses, is too manifest for ar
g,timent. Entertaining these views, I
could not-give my assent to any new
schemes of improvement by the State.
The operations of the public' works
for the year just closed do not present%
.very flattering picture, so far as relates
to nett revenue. The aggregate amount
of business was larger by twenty per
cent. than that of any former year, and
the gross receipts amounted to,, the sum
of $1,932,495 33? being an excess of but .
$35,M391, over the receipts of 1852.
This increa se of tonnage,-without a. cor
responding increase Or receipts, is the
consequecce.of a great redudtion of tolls,
a measure, in the opinion of the Canal
Commissioners, demanded by,public,pol
icy ; and it may be said that whatev6:
has been lost to the treasury Was g iven
to extend 'commerce and trade. Th ex
penditures for the :year, according to the
report of the Canal Commissioners,
amounted :o the sum of $1,177,742 - 75,
leavmg a deti ballance of $751,752 5S; '
but as this sum does not include any pot
lion of the cost of new. locinnotive en:
pines and the erection of new farm
bridges, the deduction of the proper pro
portion of these will leave the sum of
$791,752 5S as the actual nett balance.
$"2,:31,1,093 51
37,701,455 03
198;200 00
t - 50,11 90
204,680 20
52,932 74
850,000 00
- ,--732,2`2*2 17
The receipts and expenditures and
general operations oa the Columbia rail
r6atf exhibit ar4,,encouraging s;ate of af
fars, as they also do on the North Branch
DEVOTED TO TH.E PRINCIPLES OF DEMOCRACY, ANI) THE DISSEMJNATION 1711:
• • COUDERSPORT POTTER COUNTY; PA., JANUARY 20,135 z.
•
---=-----1,W2!3,429
$355,z0a 00
- 656,034 00
Canal and Delaware, division ; on the
other division of the canal they are tol
erable; but on the Allegheny Portage
Railroad, the condition of affairs is .en
_tiielv unsatisfactory. The' system of
management heretofore practiced on that
complicated and 'difficult work, would
seem to - demand a speedy any radical
.cliange. But the Executive, ui.der the
laws as they lion.' arc, having no control
or direction over the public works, it is
right and priper that I should leave the
explanation of the details of their work
ings and mardigemet Ito the people's
affents,- who have charge of the whole
subject. .. •
1 am, wever, still entirely sanguine
that, with the necessary change •in the
.system of management, the - public irr
provements can 'be made tp yield a very
handsome revenue to - the treasury ; in
deed, even for the last year, had the
expenses on the mountain, division been
-confined to a .rsasonable sum; •t-he nett
revenues would have reached near one
million of dollars. Relieved from thesd
absorbing demands by the construction of
the new toad, or in some Other way, arid
we shall realize, by the year 1535,
nett profit equal to the interest on twenty
two millions or more of the public debt.
The work on tlhe.railroad to avoid the
inclined planes on the Allegany moon-,
tales., has -ot progressed as rapidly as
had been anticipated. It is the opinion
of the engineer,- however, as will appear
on 'reference to his report, that should the
necessary means be promptly •ftihnslied i
the. entire line could be completed during
the -coining year. The grading .for
doable track is-finished with 'the excep
tion of four mil( s,
.and the cost:: of this
balance, together with.the expenses of
.laying down a single track, is estimated
.at six •bundred and five thousand dollars,
in addition to the value of the old track.
The engineer also estimates-the annual
saving, as compared with the expendi
tures on the old road, on a business equal
lo that of 1852, at two hundred and
ninety thousand dollars. He also stales,
thnt the road. between ,plane No. 4 and
Ifollidaysburg-, with a double track, will
cost about eight hundred thousand dollars
less than the Pennsylvania railroad, for
a like distance.
80,000,00
Viewed, in every aspect, it must be
•confessed that this branch.of the ,public
affairs presents an embarrassing alterna
tive.. The prompt completion of the new
work . will involve the expenditure of
.more capital than the State can command
'without resorting to 'farther temporary
loans; whilst, on the other hand, the
maintenance of the old road, at a cost of
€.450,000 per annum;.ic4qu . ite ov. of the
-question. Its exharisting demands on
the treasury must ho orccdify obviated,
land - for my part, I can see no mode of
dom.; this-except by the completion fo
,the new road.'
At the tine iI assumed the duties of,
my present statiOK -- , - 1-found this work in
sprogress of .construction.; the western
slope up to-_, : the..-suininit having been
placed under contract duriug the sum
mer of 1451. On referring to the re
ports of the Canal Commissioner's and
the engineer, the only data which 1
could properly consult as to the-poliCy of
the measure,'l found that the total cost
of a single track was estimated at $l,-
015,000. The materials on the . old .road
were valued at - $245,650, Which, 'to
gether with the appropriations previous
ly made, reduced the amount to be pro
vided to complete the work to the men
:tire sum of $591,350.. With these
calculations before me, and even adding
a larger athount for errors in the esti
mates,and the enormous expenditures
of the old road full in view, I could.not
doubt the_ expediency and economy. of
the measure. But the unusual advance
in the price.of :labor, material, and sub
stance,.added to the- - ObviouS errors in the
estimates, has changed the entire aspect
of this enterprise. The sum of $650,-
000 has been appropriated since' that
time and over $600.0110 is still required,'
with the value of the Old road, to bring
the _line into use.
The estimated cost of completing the
North Branch canal, at the period al
ready named, was $772,000. One mil
lion•of dollars has since been , paid, and a
sum exceeding $150,000_ is still required
to pay for its completion. With such
unexpected demands upon the Treasury
within the short space of two years, it
would riot be unreasonable to expect an
Increase of the . liabilities of the State ;
but it is alike gratifying and astonishing,
that this has not occurred.
The Junction canal, extending Irom
New York to Elmira, will be ready for
buSiness ddring the present . Month, and
the Stafe works from Pittstown to the
dam at Athens, - a dis.ance of ninety-three
miles; has, been completed. The only
unfnished,part•of thewiork lies bet Ween
Athens and the State line, a space of
about. two and 'a hatfmilt s, the construc
tion of which was delayed =by an effort
of the Canal Commissioners and the
Governor, under an act of Assembly, to
mlotiate with the Junction canal com
pany for its completion, k . But even this
section, I nm assured, will be ready in
ample time for ate spring trade.
These lines will ,complete the last fink ' upon the rapid growth rif the ContriM- ' to the General Aseembly soon after my
'
in a centinueus water communication WeelthO her vast and varied resources, induction into mike, I advocated thu
between the - Chesapeake Bey and the j and the influence of these upon trans- policy of making cleft- payinents for
Northern Lakes. The struggle for this portation wi e t e itin h er li m it s ; th e incr e es.: labor . and materials, and the interdiction
achievement has been long and arduous, ing demand for facilities to transmit her by lew of the creatioie'of debt by
i htte.
covering nearly a•quarter of n century. products • to, market ; the eadees.s con- : officers on the public warke, and nesife
But the triumph iS'etill a brilliant cue, sum,ption and unlimited supply of • her alitteion to other radical. defects in. the
and must be a cause of gratification to Tercet staples of coal and iron, and their system, which could scarcely be reached
the People of the entire State. • proximity to her works at- all points ;. by the Canal Beard. To some °fittest:
Most auspiCious and promising is it for I the,enlarged products of agriculture, and L I :.!
hdi new brie/fly allude. .
the enterprising inhabitants of Northern the rich variety of tnanufactcres, so rap-, 11l the . " rat p, it is impossible to
,P,Onnaytevaniat to . whose untiring efforts_ idly multiplyingin every part or tho : :avoid the creatin c debts, lithe nppro.
!ilk
its final. consummation may be .Sthtei conetituting, at once ,p. honie buei- ' priations be instill"' i tto meet unavoid
attributed: Through this channel, in ness, with ages of duration before. it, able expenditures. ' e business of
, the early part of next season, and during which .no human, agency can 'disturb, transMortation and tii these hiob.-
each succeeding year, Pennsylvania will and which must contribute at all times ways must be kept 'p whether the ex
send greeting to the people of a neigh- a ,fair income to the government. I n lprns,es be / paid or n .- These circurp.
boring Stine, the eel& nee .of fraternal addition to these considerations against !"stances Ithve detente to some extent th e
afleetiOu, the assurance ,of politica! ed a d- the sale, ineee be urged the necessity ad•iiinistraiion of the law of .May, 185 . 2, •
ity, and the blessiegs .of an ;tee:ended - etLiclt tvon a ir b e presented e for the crha-, nee:trine* cash payments and prompt
commerce, in the shape'oNnland Yes. dun of.a nueeher of corporations, having' seniements• by the officers go ahe'ree
sets,' freighted with her richest minerals, a 'community of interest and f ee li ng w i t h eveflis, and prohibiting - the ceeation of
and receive in return, _as she certainly . similar Ladies already in' existence, and
.: debts. This result I regret, for
,I am still
will be offered, from the vast valleys of the danger of thus inducing the or g ani2 decidedly of the opinion 'thee psi othe,r
.the Empire State, now teeminer e . with region of 'a controlling power in the chaoge in thesystem. is likely to l e - ge s
wealth in all its Nariefy, assuratices of cominonsven'eli. e cenomy, purity, and efficiency in their
ftill re e ciprocity; in atTection, fidelity, and ' But 'it is said that companies can man- , eemeral direction. For the laSt year,
commerce. And in de/estate the coffers age these works with greater skill and ! however, this law was strictly carried
of the State,.l ain confident, Will receive economy than the State, an d f or th a t , out on sort i e of else divielo.ns,
.Oed at es'
an ample reward 'from these new reila- reason they would be most intiPal-Oe in , sincerely desired that hereafter the prim e
tions of trade. Indeed, on this point, the hands of the former, and .that the Tice may be extended to all. - . •
the large increase of profits an the old State can realize this differ en c e by a I I need. not discuss the consceinences
for theryear
„just .c,lesed e furnishes the i sale. It must ,be confessed, that it is 'of the custom of making debts on the*
most raiable indication of what we may to these considerations, and these only, ; ouldic - tvorksits errors are too palpabl e .
anticipate treat the new. The constant. that we can look for argument to sustain ;to need refutation by- argument ; and
ly jnereasing;d e m en d for coal, outrun- the idea that the State can"gainanythine, slitt:l only repeat what I substantially
ring, as it ha's done (or years past, the pectiniai ily, by the sale of her improve- emei to the general Assembly on a 'for
means of supply, justifias, as it does not merits. That -the dithrence in the 'x- titer occasion, that in addition to the op ;
force upon . us, the conclusion, thai se pemses of the' inenareement of the worts porturety it afforded for extortion of life
soon as boats can be constructed, 'and. would amount tu
.0 fair percentage, in , Siate,,if not actual fraud upon the trees
proper bueincss.conneetions funned, this the eetimation of's:me capitalists, I have ; nee', the - idea that officers, for the time
canal will- be - patronized up treks foil no doubt ; but it is not so great as esti- , heing, shOuhl be allowed to scatter the
- capacity. A. glance at the vast; _rich, 'mated by sane. Indeed, certain pot- ciedit of the Commonwealth broadcast,
their - drier redeemed
successors,at somai s a
and populous section of country which tions of our own works are now well ,to be discovered
1 4P
!it will be called upon. to supply with. Managed. and it is hoped and believed : future p
.coal, for every imaginable purpose, do- ' that such changes can be made in the - monstrosity in the economy of public
mestic,.nteclianical, and manufacturing. ; system of direction now practised by the : ad . - irs. ' ' • .-. •
and at else facilities offered by _the New . State, as to lead to general skiil t ee d • There seems to be some plausibility,
York canals and the lakes; to reach all , economy. ' . if not actual truth le the allegation, that
points of that country, must satisfy the ' But the' main question - will be the the State's management of these wades,
most'sceptical as to the value
. and itn- . mintenum price that shall be fixed on , is expensive and inefficient.; and e yet,it
portance of this improvemcnter'• these improvements ; and the. proper • is nocclear to my mind, that, treated as
. .
I congratulate you, therefore, -upon, disposttien .of this, it must be readily • n 'business affair, her supervision would
the consummation of an enterprise which ' seen, will demand much careful eiamito be as , cheep and -as- efficient as that of
will be thus profitable - to the.' State, and . ;Mon. Arid in refehence to' thiS point,. corporations and individuals, But the
beneficial to the people. ' • , e the - wisest and best may tironestly differ. instability of her agencies renders mou
-The eeepediency of selling the . public , for the issue belongs mainly tn e the RI- racy and economy exceedingly difficplt.
works .has 'be en a topic of discussion in cure, and can only he anticipate' from I ter periodical change of officers has al,
the t presshof the State for sonic months i the results of dm past. To these we
bi tt , i t: e rs e- ii,n •e necs r
in r:v oth e :ii d s
nhl.lieloirr,tocafg;trheaeenbedwtnihtehifistinontfeaFiys
pastoand without indicating a policy 'for look fur a mottle:it.
the General Assembly, or intending, ''lie - For the! years 1'552 and 1:SOifl the nett
slightest diecourtesy to the' people's receipts may be put dowii rA equal to cattle:akin to a fair profit ; and that it is
agents to within the management of this the annual interest upon abotit fifteen • eminently so .tn the-repair and general
branch of- public aflaire has • been con- , millions of the public debt ; Mid "I ;:ni f•upervision tit railroads and canals.
fided, I hay's• deemed it iity duly to dis- - inclieed to belie. e that without a n y i i .- Potts shifting practice has had the effect
cuss some of-the Coneiderations e i n cide nt creaee of trade except upon the Noeit ei dalitt, her works a species ofeNor
to and growing out of the proposition. Branch, :lie nett proths for the ensuin , ilia! schools for the (Niece66 n of eng t.
Indeed, it would be unreasonable to year inay,be ezitiurtted at a sum equal ie, tu:k,rs and sepervisors to take. charg e of
I asstime either the affirmative or negative -the interest on eevcnieen or eighteen; caller linprovements. This . instability
to the question, and expect to be proper-': Millions of the debt, and that the conete h results from the recognition of places on
ly underetooth'without some explanation' .plelion of the road over the mountains, the State works,, as political offices in
!as to the price•of the works and cotidi- , or relief in some - other way, from the etead, of scientific and mechanical 'work
tibos of the. sale. . - 1 leeching &mantle of that portion of our :imps ; and bringing to bear on their
,
It is /fair to presume that these evhci improvement, will ace the nett revenue - -, enro! heel directioneer notions of rot a .
advOcate the affirmative have, distit,ci lroot this s . .niroe swelled to a suirrequai '-i . mand short tenure in office. .Thes e
ideas'as to' - what th e ptic e should b e . aria equal to the - interest -upon .twenty-two ideas are sound and' republican, and
that, unless such' consideration can be e. millions of the State bonds. e:10111d never be disregirded, ite - reference
realized, ehey would not agree to sell.. e l If it -be desirable
,to se II the pike • te the offices appertaining to our peta
-1
shT ii e first inquiry, therefore, is, Whe e l work's, we, should .net underrate their' ice; 'organizatinn as a government; but
ould these works be sold 1 The anstimpertance, nor is it just to disparage the ihnitiet he conceded that a mere business
wed usually given is, that the measure ire wisdom of their founders. We are prone ...operation to make money, in clmpetitiort
nhfCessary to reduce the Suite debt, ani.P to murmur alainst the .policy that dic- ,tvith the creatures .of ooveehnthent and
.relieve the people from taxationil tated their censtruction, because -of th e : the emits of indiviilual . ;, 'was not .con•
hese are reat objects indeed, ant' / , debt-we have thus incurred, and yet_, if Otenplatedh as an office in the - organic
e
uld, as have no doubt th e y wilielie ° pro , tosition were submitted to cancel lax of die State;.and hence, it is not
re your, earnest consideration.; theithlititi's liability by-their destruction or dis 1 strange, that the principles eirolter for
realization, however, must depend maint use, we should be compelled to reject it: eme do rine apply usefully to the'other.
ly - upon the price obtained. - I At the time of its adoption, this polity Whet, I trued-I inquire, would 'beithe
Should the interest on the public debt}/ .was necessary and proper. Avenues of : condi:len of the Reading railroad,. the
liquidated by the sale be less 'than thell thi s ',skid throoteh the body ohe State, l'i nnsylvania railroad, and oiler simi
netteprofits arising from the public works,lA ' to convey her least produtitions\to mare', lac works, were they required to change
'then it would• be false economy to sell.a ket, are as indispensable to fier vigorousvigorousth. it engineers and superintendents, at
In that case the measure would not beil growth tint physical development as are :dean periods, and bring strangers into
one of relief to tile people, but musts the veins
. and arteries to the human sys. their employ.? The answer may 'be
'necessarily increase• their yearly bur-It tem, to 0i ve circulation to the blood, and reeddy :discovered in the State's exp e .
thena.. s
_. it cimsetia;?nt he.ileh and vigor to the body. rieerte.
An - d - What reason is there to suppesel To stop or 'clog these in either case - No Ciearer evidence, it seems to me,
-that itiore can be obtained ? Capitalists, e_tt'ould produce stagnation, and ultimate "cairibee furnished to show that much of,
it will be conceded; when weighing- the ) desfruction. . this special leeeslation, is sought andiis
question' of a purchase, trill metre the -.. • Without r.f.otnce to the abstract ques valuable only because it is special, than
nett profits on theirinvestments the basis, Lion of a
.sal e , I may say, that under no ete find in its own history. It will be
-Saf all their calculatie ns. They will look circumstance= shooed we entertain the :le nembered by many of you that during
at the past operations of the-te wceks, in :loropueition to part with the ptebdie works the
,administration of CieveThor'Sfitittele,
connection with their prospects in the 1 lay th e erention of Oa joint steel; company, : ee evrous applications were. made :for
future—carefully considering every fact as heretofore repeatedly proposed, by si , ..el . acts to incorporate inanufactu
and,circumstance bearing on thetr real Which thO Commonwealth is to remain ree_ eompateies, arid that th e Governor
value ; and it is scarcely necessary) o 'a' large share holder, but the direction to re used to give his assent to their pass
remark, will only buy when perfectly, he In the. hands of individuals or corer).- et..e'. lit 15.72 and 1553, much time
satisfied thut they•have ' the , best of the 1 ra' tions e •ae.sociated. with leer ie the - own- ! we e °—consumed in the considerailon-df
bargain. In attempting te determine' the ; ershief.l e have always regarded this - as ' sje'; ill a e ctseto incorporate mining cone
-question of value, i; will be perceived, !a, meet clam - reroute and insiel.oes measure. I ea; •e; -.,
therefore, that the inquiries; -examine- , If the , propOeitior., to sell be
,seiiceely hOeir the close of the' last sess ion, It
tions, and motives of buyer and seller, I entertained, under the present condition eteize.ei law on the subject applicable to
trust necessarily be identical. • ,of the money market, it should be based a! t!...! counties. in -the: State except six,,
It is apparent, then, that the eff e ct cf . : onthe-hie-a-of ; bona fide :ale, for a full : wee eased, and alt tough thislawesvats
'competition on dire value of these works ; , compets dime in oxeleinge for the homie ee• fevarable in its terms as the special
the inroads which may be made -by of the Stine, and under such saluttrry ;V'T: - . solicited, but a single application
science and mechanic arts on every.de- '_reservations and restrictions as the inter- !hie been nude under it for - mining pur
scriptinn of transportation facilities now : ests cf the people may demand. '. ! eoe. ;'and even in this instance opera
in existence ; the casualties that may : But it •is urged by many that !the ! thantave. not been commenced.. These
1.0E9. to them from the elements; in States system of managing the, public ! ate el;TeitiCant rape and, in myopinion,
short, the mutability of human structures, Works' is. susceptible of improvement— '. will justify, the, rejection •of ..all.-§perei,ll
and the propriety of simplifying, the that much can be done by. judicious .re- acts on the subject in the future. 1 1-ean
I.lnties of g overnment, must constitute, forms to augment the receipts to the see no' reason-why this general law
mainly, the considerations in favor of a- treasurye and facilitate the business of
4tljilewSl4t!ittlietoitf be
x p t ere en i ( i l l e e d al ; e o si t r h e e •to t ;a lljl err'it g t f
separation between the State and herl transportation; and as much of this sys
huhno special act to orgaitize,cor
. , .
improventents. . ' •
tern results:from positive law, it may not
On the other hand will be presented
the hopes of (blue business land
creased profits to the treasury, predicted
'
0. •
• •
V
. .
r •
-
t, impanies
be deemed officious on my part to make within the counties tot includedid.iht
s'uggesrions iinthe subject.. I gesp.ral law, can receive my approval,
In a special message,
.communicated qii , l suck us are now in,tny yossemion
J_ LJ 0
\,,
I\lliitraEß 36.