..—..
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.
..... ; , i : %.
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p..,-; .. :f ;-f . r --f;t! , :I , :e i. -, ', : : - • ~ ;: 1 u. i
,- -.-•':., :.,; .- - :t .1 eit i .: -.;...
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.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.--
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-
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' 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.