..—.. ..-- . ..... ; , i : %. ""' - p..,-; .. :f ;-f . r --f;t! , :I , :e i. -, ', : : - • ~ ;: 1 u. i ,- -.-•':., :.,; .- - :t .1 eit i .: -.;... .1.- 7 ,. J ,, ' L.,. t ,.1: ~!, i . .1,,..... - -.• •,":) !-..., -- "' i:' i `' l ;: :'• i' t ' ',., - • •ii •. : ' --'.., -Y -: - : f. , , n ‘ , - , , , , , i .1 .', . - -. r •-.)liD :.,.,..:•.; •:-.: ~, ";.:, .;:i :.•.::, .-‘•"' •'.: T'-: ';: ' .....: I :.:;:i . 11 - :10 ! , i , - 1 ,, - , ~, , : . 1- ' .:,•; ;L : . i i. :t .;%,,,_,!, :. • : : f. .:: ~,...., t , - l i. : :,, t • t: • , - L.‘_,, D . -r, ~,;'.: . ...:;. - ! j -:•.%. : ;: ,:. t is... '.: :I ~: •!,..:.•,,,: , , ~. • -" 2 -....! '''.'". .., .:: l ii.E.! I t ..,:., 1 f . . 1. . .!,iIl L t .:, 1,...,, ; ,.j, ; . 1 ,.. - -J.:. A •I ;. `,. ! ~ f• ::.. ....7.1 , ..63it. 1 . ..E . ..i... - .:::.: ..." 1 ;' I" • • !)!U.. , '•:. 1 . ... - ~.-.. ''/.1. ..!!`.., -1:' , '.l'' - ', 1., - 1.-- ' ' -- - .• :', ' ! ._ ' 414?!. •' " 5 ` ., • .n= ' .!:-. CI .' 1:St!".: :;:: v..',. .0;•.:' :-:: -....:' rr' , .k , ;;!.:.: , ;:i • I !!C t:' , ..'-'! •, •--;...* .' ..t: .;: •! .',..:.:. ' ~ ..7, •:• :1 : .‘t ett,:....3 . ;3:..) '.,,0' %...',. :-...'..;.1.:::!:.:1; ..'•11! , -.: f.• 1 ..!,-,!'.: -st,-.,.:-. !. I - •: , 7 ....' I ..-_ , !..e . :., ..f . i.:• &I'm - ...1. a I ' I; ll'!l' ' ' ' . . ': . ' : '''` l L '••' 7.4 ''''';':---'''!.- ''''"- CI -"' :ll' r.:.11 •I'l.. . ''' ' ' - . .... Xi ‘."O " 111 • T :• s~_ ~------~-- u - ,: ; ~roz::.~~:;' T..) 1:t? Bps}indPss Ot • • ": •'i rit , •• r: • • ft; rn-t,p,.4 t co tide rsport,, ra 4.1 re gu larly, u d !ti;(• Court.4l3orilYtricaPAW ARTHITR, , ,. 11- =OLINISTED.i f - EL.02.0=12140111.Aa(19S N- 4A, codiirgiort y p t .iiiinv43}tenv.. tii bu sioees - eyu-LtittAgi tit Y.P.Prq sdelity. • ) !1 - 7ei tl/ f:T. ,/ g94l L it c r:qt °c "!.l l ! ) .!M:P7-1 Haiu-sise'et. .:!!73AIAC B S DN.() 1. einfoih if() 7 " 'Casa corner, of West aild Third V P. V7l7la4lSTriX,. `, ..g . ,ttAr=l“gf,V.iTtp, wi t ikbor.e, Co.; j'a,, Will , attend the f suits itr•Pi•t t . #r; and Ctinntiei- • t t,O 4 at ILA il3 15ellshorouii 6 , eoutt!y, Pa. willregiflar it atteua the coitrii j Jime 3,1111 e • • • $O/1N S: IYIA TN, • oliiittoc4tP q..entilpripv at Tutu; C;uiiciapori," Pa.; will 'atlenLi the aevt.l•,;i Cwt. to 1'611;4 and eon:vies. .AII itsinest•ntrustrd in kia'care, %% HI reetii•e' prompt attentioit, . -• • ..• . off ic e Ott Prfaie-ctrect., opi.test.e 'Lite .euutt.. Cutttleopt,rt, EDUDER6PU . 119 T E L . , aititl JF. P P Corner and : :Secpud streets, Cou- i!rapert, Potter Co., I'2. 44. • R. W. BENPON, Sttitcor'an'a eonbr»antrt,_ R•yinerfd-I'.': 0.1 Allegany Tp.) l'n. er wilLianind in ail busines.3 w Hutt iaue Ys care or)(l.:4ispltch, . = W. :K.= KING, . Sittr.bevcir, - prqftoman, - Sputkpart,: lit cps Will ausud to bas;nes:o for nou-resident land koliloro. upon riasonObte teitit's; Wirerencei given if required. P. S. !topsoil iaoy-past-of tho County :nude to 'Toler. _ - E. R. havinc rnz . i.v=fl a Wilati.P.4+l F•rhanma• Jackson's . Sinta.:will (tarry osi !lie WATCLI AND—N - 0 FLit..l . there. 11aiclies ant,Jettio:n . eirelid:v rc p.m.!, in the btu. ityle:and oit din x!iar:e•t 11 t):.cc.• ,Ceuders..oic BEN.LOTAN - IEN . ELS, I=IIM .Cl‘ror: to hii dine ; thine to order and wi•di d.spotcn. On ‘Ve.e. wen:, beiusv Third Cc.b.rii;or;. 1' 4 .:,.. . . S M' I T II & - J 0 N E S Daiers in D . ry;'<loni..is;'f;rneeries, JV. Drilg% 5; Medicines. articles, &c.: • Main Street, Coudsrspnri. JONES, MANN. & JO); EIS Glniaral Grocery and Provision Deaiets— .Via in Dry Gi)odi, Ilnrdiiare, Liiiiozs and Shoes, and whaler er - mert %varit to boy. Main Simi% Cwidersport Pa.!' r • - 0. T. .1•141.,ISON M. 1)., L i lt. , Y 11 . 1 , , t cl aLbe 'fa uocf rrEmarly to his office,' over the Drug of Jo..e . s. re ds to ~iLe,.(l Id :11 exttsiu . hls I ov.2.:—iy D. - .P, OL3ISTE D Dealer cioß4s, Cf.:al:Lag Grocsries o Crockery, cc. C:4tide rap ur, .1:a. J.: W. SMITH, - Dealer in Sioves, rn...nalfu'et tire - of Tin street, Coltdarspart, Ps. : . . r 7 i)esier in Books SzaConnery, and opposite NV. C.l4l;ller Coudersport, Pa. IYANTIYB:' filtr?~ fir; Toundicmau and Dealer in hough's . ; Vp- Or end of biiio streeti„L Ceiide.&oTt = A. 'B. 0:06.05EL:14, c2lTS3llTH, 9 ucler,;_pur.t, Pa. fire Anus mantifflettired' and' repairedat All op, oP 'short =ties. • 2i • , . • Jraro 3, 16148... _ j„ W. . Z4Ui.DING,; AU work out r u.4le o him attar . a will 1 ejlorre with peamess, co ado rt and dunk; aity .Shop 9Yer Lewis 11/a. CM ALLIGA.N SAMUEL M. MILTS, On the IGnevilfeic77:cl, caulk lYc,rih Diiderspitt; Pa. $.: r.•• --DEVOrED VO -THE PRLNCIPLES , OF DEMOCRACY, AND VIE •DISSEiIINATION •OF Ata-SALITY.LITERATURE, AND-,NE1178.1 %At , REOPI4E . 4%. ,I OI7RNAL. rentisnto FATAllr'rauttiii.vr AibtUNTING: ---• Teriusin, Advance One copy per annum, T'Ppfs. • A DV ElrfplNG I square. 10 lines 1 or 31.ise,r0oni. .$ 1,50 rlclisubseqlieet itt.4ditithiless than fa '' ' S's 1 Squ'ire,'3' ' 2,50 . 1 l." 6 ,months i , - .3,50 1 ". - 9 otonthi . SOD 1 " - : - 6,0) Rule. and figure WWrk; Per . s4:;3 ibseitions, 3,!10 Eier* subsequent.instrtion f • 50 1 -column, six mouths, : 20,00 9.00 ill . 44 Id 12.00 One-h - ilf colder] per ye i- • 20,00 I, oe:column': • '1.... • : /35,110 AtbuinisLrltorsl, or-.E.xecutors' .Notices, 2,00 Auditors' notices each, . 1.50 Sheriff's Sales, per "tract,' ' 1,50 Afarfiage . notice' • •-• 7,00 Professional, or Business Curds, not - oaceediug sivlities, per year 5,00 sterchants advertising hy tbe year, not . exceeding 2 sqliares. - yith 'oceasiOn al notices, (51..d1 'C.9419 confined to their bug .ness;)' . 10,00 Whe , e. the .papci ts . sent to the) , dyer tiser,-e.pecially for _reason of' his • sdyertisenient being iu it, the' s rue • will he i•liArged at (berate Of. 1 per ionoutu, , . 4?" All- :eaers on business, to secure at ent:on, shouldbe 'addressed (pos: paid) . to :be ui.deriiina ' CHASE, Ptiblisher2 6:oujtsp rr,:3 -- .m.,E.ssA GE To ,the .11ortorqUe the, .Senators and . Jltynhers of.t/ifiv,use of I?epi:eienta, tires ref the Gener4 Assc/ahly t.. F C IT I Z EN4.: ..flee 1 lw ion and Up,ys bfthie.Corri moewealtli..you have asseq - 11)' t 4iis 7 chattge theioppogplitr •411(1 dutit,: that tirvtslvr tipott yuu. Y.) pro tect :lie 4 1f4 1 4. • wudprio!egc-s . - oftre pert :. pie, .:I,ivew_t• the ‘vvlia; . e,s:rt Rroypetity a,the aLki . 4l“,lejt(tpfall , ; 1: Vt . 7 .1 „itleill.‘ll4l JO, C , )- . 01 , e 141 pi,th:Ct4•• (::.0-Iy yea:: tl 6reut one pc cp- • iiin!l.l. ) r.,videtp..;e,oave _pot heep held t/ o t VUr,C••111!31.11.1i , q01.11, a 1 piep 7 . temps WI? vp s t . j•.ew.p,d . eLl.the oldie husiiapil.pap. all its tiev?..ttyink , „pipt bee:i s en : . .Ecnanelal ernilrravi- - tp..Pt,--I.l,.e(!tprpercial distress , --nu pr?, litiral or s. eLai hair interrupted the pr.“..tre:.;, pr checked the' energies .11 tho.pemple. Tit!: great itsteresis ; tif qapentiop, npira!ity uAlTeligiop, have eheriJied and Health acid peace, ,witP their aitendlht..hless: hay . e heel) ..urs 'Fe Him :u . ks 'and corneth d..wp evert ,i4;;tod and periecT xift," ace we indehlea for thestl: met ejes, and sit old be g iv e l l th e homage (A nir devuut .. grati-. t.t4l • Th e fi•,ancial eon.iition of the COM : alth hikbly -factiir . y.. Every demand epoti the Treasury has been rrotr.ptly met and pai r, witlioilt the aid of Icians.. ofii!i:niitiiis ?of this de pal tmeiit be exhibited in detail in the repurt of the Slate Treasufer. FIII" the fiz.c.;il;:eai ewlingN..veinhcc 30, 1556, the r.ec-iptt: at the Trea , tir v (inylinlin; the . h;ilance irr tht.: Treasury oh the fi, Nt day „r Decinhei',•l•3s.s. "Irr $1.244,697 3;1) have been . :. 56,621,037, 61. Tbe - I,iial Iqq• the tiaite were 55,377 14:2 22. Bal ance' in the 'Treasury, Deceit bet r, 1556, $1.244,71 1 5 42. Excluding the bal6nce in the TI eas ur v int the first ol December, 1565, the eceipts, fr. , m all bources,.weie 85.37 S lU :3 :3 . The ..rdinury expenditiires I , r the :4:on - it. 5-1,11.3.1.14 all eXce,s,)l l'eceipti . 4.ver ordi.tur)• expenditures of $1;265.095 50. ext.ranyilitniq Ortyments for the saifie yea,, we%e,Sl 2G3:997 15, as 1111- i the P.ittage.tafill..ad, 'f o r the paytneht p 1 evi , ,il:4ly . c"ittf,acte'd wa that %.,tt . kSlSl 40.1 tit the North braitch extte r i':,n)n, sif22 723 . 52" . ;,td k the'Cohinibia' ralle;mcr.' 82G7,900 po ; lur tw.tiN:e potr:.r i 1S 049 '42"; the Dela mir o d.tistitu +•l :if the ,Pehiliyi"i•aiiia . .f.-l1:•3,1)(10 DO; fir' rzenei . repir'w hi. 1.5:13—'54-'5,5.503, 1 i11;2 11 dontestir, tire inant line, c . .s,,:untned by the Corti a,,il:pat4 underthe act of May L 2, 1556, $130,512 09; tti theie tretnl;ii,in .1 . loith.s; $327,824 47; 'and • • 'Ffieintert i t". 4 .of the re' ded debt*d . Ch fell due iii Fact nary tun.' Aigut• . le, , 1. ivas Olen !big iVe *With eq - util "ht.' ,t.le:rnettns hon' , the Tre'atan v. 1 tie , . ... I 4it.11 the l'n.Wre4t 'ofl: 7 lj to lTjei t' aft legitiinat qptin htt'r , e svt:.'ed'l,6 ha' Uut::yeetiti tles; to estab COUDERSPORT,' POTTER: 'COUNTY" 'PA - . - THURSDAY, - .I A NITA RY 15,-1851% .4145, BE • • . • .4 SUSLU:i4.4II, . tkip, Com-, , 3.40. 4 P1TE 1 45iPn9." ni tl l -. B i/Ilc-jug- Fpnil,repott,t tie. EU 1p of; $'722,•132_. 93, as due, by,t4te yr.e . at.ury thg„ This amoup ; will be. applied ti, the re,. deniption of t elief - notes now in„ c_ apd,to the. payment of.tlie-ftitui ed debt : ..I - el:etnfore l the ,ayttilaiile, means in the eUsury, haye t icteeU ay-, plied, to spme..extent, iu payntent4 outstanding. temporary . loans, .which• hear. an annualinterest per.cerit- . n ur . ; it lieing, - deemed. us.a. matter of economy. to pay these rather than the . fuUded'.debt..'which hears a much less:.rate of interest.., It, is. ,ex pected • t.hat, - ,the bak'nce . .of the temporary, loatip . Will, Lut; paid : bet:we the close of the current year; a d. the operation of the.sittliing funds ze::tatne'd and continued as . directed . hY law, ~• The funded the State ; fncludini ten4.lary . !au is, on the first day of Doceinher, a; per rein:tits .1 the . Aaditor Ginter:Ll and stitte Tieisui•er, Was a's: viz : PENDE.D DEBT G 1 er caul. Iu u 451,1,154 93 5 do du 3.?,333,445 04 4A ' 37 . 35,2q1) 4 al 41 do '•• J 00,140 00 :Tom; food'd debt U 111 ND ILL DEBT Relief unto* in eir vu,4tiuo .$2:?8.773 00 Interesi.ceracaei oci.szkuding MitneAic 1.1:,!. orient ii . rt• 'man 29,7:,7 '25 .1;284 00 Apr. 1.1, 1 653 525,009 : 00 BA. telu,.er'y to iu NIA). 9. 3111,') lu 00 Totlf u ,fu :ded deb:. . • Tut:Ll : debt, Dec. 1-.'53 The t(ktal iundad ,nd tutfuuded debt: 23t.lhe cruse or the last filet; ye tr, w .3 nc follows, - po r,sont. loan. STd I 5 do '34,?;11.'.1.11 dd 'do do . Litr.ooo Tis Lai fitudddl4t. UN FUNDL I 1 DE-1,3T. noteA cul aion restltiG certificate; onficand'big certitioateY-._ , .uczlaitned . 4.445.3 ; 9 ~ Gic.ne4tie erediuirs 1.161 MY' tem-porary loan, I 9,'53 - :400,000 00 Bal. of temporary • loan, 31.,v 9,'54 Total • unfunded ou A 6.91 14,00) 00 debt Total debt, Dee 1, 1..i56 To:al doii Dec. 1, J 3i Du do 1,!;:).G Deere ,e It thus appears that durin'g the past year the suin of three hundrid and sixty-six t.linuaand one handled' and filty-eight dollars and ninety-sev en cents has been paid in liquidation of the public This..takeri in con= nection with the fact, that during . the year endiner Noverilier 30. 1555,. six lniudied "and thiitv tlibusand 'hun'- dred' and one dollars and two cents were pail on the saints account, exhib its, tne . gratifyi: g fact, diet the'' pro cess, of redticing the public, debt, has comneliced . ; and, - Unless checked by reckless mismanagement and eXtiaVa aent expenditure, riatit•continue until the, :people and 'the CoMmonw !alth are'ielieyed 'Worn 'the debt and taxa. tion with which - they- ai.e denetE -111 addition to this reduction of the public debt s farge . atipnpriatiorls 'and payme'its were made for the cilople.; of the 'Portage ; railroad - and "fir debts previously' contracted' on that work ; f.)r old and unsettled claints re cently adjusted 'by' the 'commissioners appointed thidet : the act of last ieSsion ; for' re-laYieg . the 'smith track" of the Co himhia railroad ; JO,'" enlarging trc Delawafe, t e 'canal; and for other purpoSes . . -,These'eitraordi tittiy demaUd'.4 - uptintlie-Tiezisury have ceasi-A; or 'will soon 'cea s e, with the necessity that 'created thein'; .and thti, leave a still'large:i portion orthe ye ll 1.1 ei4 tb be applied iti -payment of-tits pubic debt... A caretut exiaaination of the fir/an- . cOndition - ot the Corrononwealth--; lieFinutteaUf I eienue and the proba lrle futtit e expeinlituies. has . inspired the hope that the tithe is not far • dis taut whit the.public debt ivill'be futly paid.' and without increasing the au hie cita br "ratio of taxation. It - haS already been shi,tvu hfet the' revenues 'of the past . year ekkaiditaies :one . rnillitin - two heti tired and "iiitY-frvi ffionsitild 'five dollars . ' and- , 'fifty-six'cent . s.' 'The estimated receipts and ; ex.peinlit.dres content -year, Will' be !,repented to -y uti iii the'report . 'of the the 'excess Ur4eeeiPtW; biter"ordinary' expendi each'the'suin itt'”ue aril-a "rnesei . esti - aPgrliziritationS:' - . • ittit,pe lar-frum the true result: Jew; ftutidred thou.sauci &liars f.9r•jimuttal extranrdipary etc pe44itille 7 - 7 p,na,under a .wisa system. nEvp!tytrity in . nn probuble contingen• cy-cau lltey.,qxceed that sum—We will havelq least one million . of dollars,to Ile.appropriated annually for the pay, , me.nt,, t. the the development of the wealtb,and,. ve ,: o w ces of. the C;)Mcnonmiealth7-the., ineyea-,e of Fo..pulation,- 7 of the value , ssfrealestate, and of the . ,arnssunt.anikl, value of Rroperty of every descriptisin,. the, revenues' my,.. and will emulous j to.jnerease...,Tois . natural and ssecasa 7 j ry increase ?f revenue_Will:supply ey ery, deficiency and every tle•xli , ld: LIP". on the. Tiedsury that, falls ‘Yitliiti the' range of lf then, the siwn. of one million dollars bF . A,pproptiated annually in liqnislation., of this debt, and ,the,acci sling i t ei•Tit on .0.1,e, sans paid, !i;. applied in tbe. manner of -a s , eking fond. the entira isidelstetitseas o f t h e js,snm•ssiosealtts . will. be eztin . - s-uisio , d in less tnao ,twenty vos ire years. '. If the•se presni . 4es : ale cosTeet :their c o s rectssOss` can only he impaired to the imps udent inana.{eineist of our f 1 iut ces—the truth of _the proispsition is ssi4,.:eptilsle tne clearest demonstra tion. A,surnisez. the,"pnidia debt nsi the first , day ,if Pee4nber,. 1556, to he, ins round milliosis fi ve h un dr e d th.sussossi slollars, and that at, the tOol of esscSs fiscal year one mii lior with the, acct interests on !net- irsy Ile•itsovill be paid, liners.. --$39,937,799 97 c",ie el;•trrtniue the . re .1,. Lidicatect. ytlal inaj , :51-and reiloe , ri-d truni ::11,1 het ve., 1 :'1 , 13 - ...! teueared frni-n a lax inap.:s,sl G. nieet it., aca - vuinz lei Thu hT r • rrdii of the-:d,in,ii.,:is;;lttalth. There 1 10,1:11 41,0 , 1; :4:14 t2l. tr nhipian. Dy 7,1.1 rel ecoo::nY 'departtaients' 'it the g , .Vernri-ant--111jidingetiarva'4a it - expenditare CtilUiii4 t i and-Jrtuke aoya'l,e'w • s'l:henies . pfdpiertaljaapriave;: Ur 1a olti and hidden; to aiaeotint'a l sit tiatt • receiving , and 'diSbnisilig': agiants:of die State; their realizatiali . , tyfieanticio'ated . with boafideOce.• ; :17 must ,vsici at.e.miOn'of the Le:islip.ure to a subject ref •i•re:d 6) in my - hast annual nle in the Inllowing terms :* "By the dill s-eti - on 'of tie act of Ifirth`Of April. 1845, entitled "Au A ( U. -to provide for the rdioary expenses of Governtrient,' thw rerrair ~f the canals and railroads of tne State. and. other claims upon the Comindn wealth," the Govern n• was authorized to' cause certificates of State stoano be issued to all per - sons or bodies coy p'.,rate holding certficates f.r the pay in'llt of i n t e testOn the lauded debt of the State, which fell 'due ins . the first day of August, IS-11-111e first days of Febuary and August, 154.3; and the first days 0f . 1A.60'1 - y and Augiist, 1811, in .an 'amount equal - to . the amount of certificates so' ,held . , upnh theirdeliveritig .§all.l cc' tificates to the Auditor 'Genet al. ' iil parstnoiCe. of The authorit y thus given, Certificates of State stock to the atnoiint_ of four one hundred and five thou kalail, One hundred and fifty dollars and twenty cents,' bearing intotest...at the rate of fiVe per 'cent. per' annum, I payable semi-annually,- on the fist. days of lel!tt ry kid August .in each 0 73 40,70 I , '7:35 -25 $41.067,991 22 40,701, 4 :15 25 ... 336,156 97 , . rear. and . redoemanle ,ie or after the first thy . of Ao:vi,t. - 1555. Nvere isitted: tuitiOnuoi peri .d fixed by law for the led/in-lotion of tin;se certificates, expired on the 'first -day of August: 155.5. No provi-ion has heerr made fin their renewal sir redemption: • ••Although by the-terms of the act autliorizihg, these certificates of-state stuck:- as ilibo by the 'clniditc•ms of the certificates issued in pursuance th'erof; the tone of payment. after the expira; tioh ini•o:ou Ti period, is option al with the debtor, the - Cem-nonwealtii, yet a due regard for the credit of the State refpfrf es that pt (vision &mold -be unide for' their te-iewal redemption. To reaevit •tirese certificates. a • loan would '. - become necessary, 'and as a loan cannot , ho effected, in the present fifiai.cial condition' of the .country.• on. tertn.4 'wire faviraftle to the State than tiist'on WhiCh these certificates wet e issued. I w .old - reccommend that au thnrity 'be given tirissue the 'bonds of the Commoilw - ealth in renewal of said certificates; bearing, interest' at the rate of fi , .:e per cent. per annum, payable - se.ifiza - rerally=; and"rederriab-le nii' or of-twenty year:sl a-id the hoods beoisstied‘witfic,ott -p..iiA-.:i- corLiikates of interest attach ed;' iii .sum, in iarrrouot to the istriii-atinniff interest thei•eon;' payable oti tints fir - ;;t iI.tPC-6* -Felitiary' and Ati- OA- 'every' 'ear;' at ,ittah , 'p'tiCtf 'as `in. ay"-be "deiignated:•': Tas' cba . raite'r• of 1: , - tife•ceitifiratt4, - it.1 is beiteied, will'be ifditint4iotis l O ttie,iholdeti,F out:increasing:Abe liabilities of the Commonwealth, as to-induce a willing end prompt exchattge,• at a premium for the bonds- proposed tu he issued." -. The' report ofthc Canal Commission ers will.be.:barose.yett. _and will exhib it in. detail the condition of the public vvm.ks , --rtheir general operation, and the receipts and expenditures .for the past fiscal. year.. - The. total receipts at the Treasury, from the- public works, for tile year entlitip. November. 30, 1416. were 82, :006,015 66; being an increase over t•te P.1 . .01111114 he pi evious ,year. of 363. 633 95. tot tiliA sum $1.013 530 16 were cal and. bridge.: t-tlls, a td $932, 426 5:0, tolls of the. coluinhia and Portage railroads., . Tie aggregate cxpe•tditures fur the seine year were 51,913.396, 82, liettig an increase wee those of tile previous ;-year. 013105,105 61, tue revenues ex cee.ldiug the expenditures only $62,118 84. The int:reale of th 1 revenues from these v,,n ‘V• iu Id he •eficoliragilig. wi t i . .e It pit Jri the fact that um expen ditures have increased tu a still greater p6 , p,ution—tite,expe,nditures, urtjttidry aqd extrancoiliary, e.x.lituiting- atm !it. the entire reveaue 'fro.o this source. trtug.be detective, , Jr tn.)re careand,:econulaY h::exereimsti in its management. . The re,colpte at the Tryastiry from the several divisions, were as foll•rws, .vizi , • • 31 line • • $1,:223,272 83 north 3r :nc : h and arancli Delew.are . Total receipts.. Tneef - Xtra•)ftliiiary pap:MI.IN Bari i 4 t e 'yea!, •inted to .3303392 16 ; or di=iary expetrilitor-A, $1..135,001 00. act revenue. (excladia; esti aordinary pxy mOtive paw er) $371, Olt 00. • On the tolld received at the Tititic try from the 'Columbia road, ware :3'Jit1.674.1 50; ex penditu ies 3 . 528,0 4 34 • 313 ; the -Ea,tent tli vision of canal.' Irma Calumbia to th`e Juricifbn, §11.9.7 1 13' 36 ; expenditures, $53,013`50';" receipts from the June tr to to Pittsbar,:i,' the Part age- railroad, $117,77S 00; ordinary etritehilituree; $ - 304.702 22: 'Tile- tit tal receipt.; 111 the lti uu -lino were $l.. .229,272 13G; aggreinte etcpeoditii,i;s: (excluding . 8267,00 . 0 . 93 p,td fiir re the south track of toe Co railroad, at d 5153,04 R 42 for in itive p..wer in 1555. and atier December Ist 1856.) were.- !:•3•385,835 65, being an ex cess evenue over .irditiary expendi tures of $343.437 21. - Although the receipts from the Del a Tare division are less than those of the previous-year, pat the general re sult of its Operations is sAti,,factof . y. Tile net revenue at the - Trea-;u•-y Was :3.261.095.'40. Its martagemeat. Das beenchitradtelize.d it adr~rct ,fie e,r i,rny to., 9eht!ai practiced some of the linaisoit our imp, oveinems. . . Wawei-er important tilia division May .he trade and buantasoL that pnttf.iu of the State. itr proposed enlargement shii ild not be undei taken, utitess•dernand, d by reasons ut over ruling necessity. 'Pile experience of the past,*as test WILtI tile Alle gheny Portage railroad, and the North Branch 1 .extem4ion, should warn- us against "undertak , ng, without great caution, any new m..asure of improve, meat, widen may•diain the Pieasury, without aiding materially, if at 1 1 1, the public interests. If kapt iu. g. bid order by efrieienttimely repairs, it cavacity will ha:tully equal to•all toe dn./Linda of its trade and business. - i'he Portage railr.•ad not fully c.•mplered A small additional appro priation may yet be required L., com plete, fnr the fourth time, this told. It is a n xiously holed that this unproduc tive .mpunyement may, soon CUdStl its cormwalit•dem yids epos' the Treas ury: Every year's expel ietice moie clearly reveals tne impolicy ut tun State in undertaking tuffs wua k. • •It gives - me or, itrary pleasur e to in• form you that the Not tti Branch exten sirin of tire P;snur•sylversia canal 'las been 6 . 1 far completed, that boats tr with, cual iuJ other products, wary successfully passed through its smite length from. Pittston tne junction canal. This work was cant ma.med rrr 1836—Inispended iu 1611—resumed iu 1849. and finished in 1,56 ; amino/go its conapletion wit officially autotimer(' in 1,53. It extends from Pittston t o the New York" State line. a diitance of aboat ninetivfouc mile-t, following toe valley Ufitie . ..SusqlpAlauna to Atom's, and tnencealoog the Utietuoug river to the'State line,where it joints Lie "Junc tion canal," and ts thu, connected-with the New , 'fork iMprevements. • The•-importanee and value of this ireprovoment catinot easily be over eitimated. Pagsing' tareugh. one •ot the. richest miLeral and .agricultural rontione•of tne.:State, it offers to the inimehae•aed valuable products of teat =II - _ Oil EDITOR di PUBLISHER region. a Mire , and cheap traosit to the markets of New Yoik, Baltimore, and Philadelphia. In the cornptatiOti of this canal the - difficulties to be (were come, and the labor•to be pet formed, WOW great.- Roil . these, to. a great extent, have been ac.tornolishe I under the supetintendency of Wm. R. Mafia,' to whom this work was assig ned. Tai's canal although completed, and !bane the cl .1.1 of navigation, used f tr. the: purpose of transportation, is not perfect. • Sinks iu the bottom, from the nature of .the formation and soils thrott4th wvich it •pass.ss, • slides from the and breaches may. occur, but these, after.a few,years of w.. 11 applied labor, will be dina'nushed, and by vigi-_ lance and care entirely • prevented. This improvement, although subject • the rivalry of competing railroads if kedt in g-'»d condition, under prop er management, will receive its full snare of cod and other tonnage. It is anticipated that the revenues; for the current year, will equal, if nut exceed the expenditto es; and increasing with the facilities afforded, and the rapid development of trade ; will, instead of its heretof,nre unceasing demands upon the Trea-ury, take precedence .n rev wine over any canal -in the Cumulua- I wealth- • - • In relation to-the propriety and poi. Icy of the sale of t os.main lice i.r our public irnproveinents, my opinion has not coau4ed. Every consideration of public policy, of present and future interest. requires tile separation of [ha tate. ill)in'ttie ritilia4ettleut and con trol of these words. - 'file expenditures on that poi tins of the line. between the Ju.ictiou and Pittsburg, largely exceed the revenues, the excess averagin4 an !wally not less than one hundred and fitly thousand dollars; arid causes are in constant operation - that will stid mote - increase : this deficiency. 'Pods continual drain apon.the Treasury, t.s sustain a Work, so anpauductive, should at %ice. be cheakod. - A sale of the maia line, far aldir consideration, and upon terms test and lib; , radto the pur- . chasers, is the proper remedy. Such sa le, on terms amply protective of the rights and interests of tile people. can, by PrOrerlegislatiOn, be effected. la e u noecti,itt with tne paymeu; of the pulific :dAst,, this question becomes deeply ftie sale would constitute a new era iii the - financial history of the State,..and assure a still more speedy reduction of-the public debt, than that to which reference has 14eli madc. Tne subject is earnestly commended to your favorable consid eration. 42/3,-329 51 2, I.•a la .1J Tuts subject of banks and banking capital in its relations tit the currency —the ,gemeral. interests of trade and cent nerCe and the . industtial pursuits of the citizen, - daseirve yeiur.careful at tentimi. My views expressed in a for mer c .m nunication- remain unchang ed.- Tms incorpotation of new, or toe re-c a rter ref old and solvent banks. witen.rctually tteceiiar . y, and deniand ed by the ol ttiti of ltigitimate trade in the com nullity where loca.9d, should be favored ;- under no °thir circetr-• stance, - sit mid either be' permitted. Iti the creation of - banks, the interests of the State and people sh... Id be and a jast disCrimination as to umnoe , . locality and the demands of trade ne exerciSed. Tir: rapid Licredse of population, the importance and value of our home arid forei4ri co.n.nercs, the coustaiit development of the 'm aerial wealth of thy. State, the extent of ourrnariulac turitig. mechanical, and agricultural industry, the . fact that the &ate is fl coded by a depreciated currency in troduced by private) bankers arid bro kers, mi , nt justify, under the restric tions and limitations indicated a judi cious increase of banking capital within our Comm inwealin: • This, whilst it would aid the operations of trade, ajtd sti . )ply the real business wants of the - people, would, at the same time rem edy. to some extent, the evils of a depreciated foreign and illegal curren cy. By the act approved the 6th day of -November last, the thirtieth section of the act of 1950, regulating banks, will be, atter the first day of July beat, exteaded to all incorporated , saving food; trust, and insurance 'companies. That section declares ••thatit shall Oct be lawfial fur any of the said hanks to issue or pay out any bank notes other than those issued by itself, payable on demand in gold or silver; notes of <pock) paying banks af this State which are taken on deposit or in payment of Llsots, at par, at the couuter of the balk where paid out ; or notes of banks is ued under the authority of the act rt the 4th of Play, 1841, at the option of the person receiving the yarns.' . •Tites, enaatments were intended to protect the community • against the evils if .a depreciated currency. add , oreventits•introdut•tion flute other LStates..: Ho . wisver well intended, they Kitt fai - Co secure these objects unless NO. 34.
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