N
!I
o 1 i
AD &; H. H. V.PAZIER, EDITO
. • - „rr.
r-
TOWS MESKAGE. -
-...._ 7.
big the Senators and I Weather4t..;
se- of .Representatiies :of Xhi
ehtbly.
GOITER
`Co the Honor
gf..the Hoi
' .GineralAx
BY dip suffrages:_ of your
you have been chargcd. with.
resenting them, and the inter
ouoifwealth, in the Legislative
dOVernirtent. The responsi
ice ,assumed „and the duties to
should ever be egarded as
every selfish or partisan con
he prosperity_ of the State and
I .lfare of the people, should re- -
nest attention, and
.be the aim
iur-legislative action, To, pro.
ea -I:, I will gheerfully; in every
Ltitutiontir Inanne i r, during .the
f thy official term, co-operate
GE.TLF,MEN,
the duty:-of re
eAs of the Co
biqnch of i thei
bkies hail
be
. performed
paraniaunt to
sideration.
111e.1.Tepo ‘ ral:vy
..ceive 1k -our eaj
and eni3 of y
.mote . ihe;fe
legal and;
continuance
with you. _ ,, . . _
•' 'The NA y .ar,with the exception of reelt
,)
- .financial em arrassment , has .been one of
general pros . erity. 'Nn foreign wars, no
fraternal sire e has disturbed. the peaceful
quiet of our mes. ..lUrtwonted health, with
its blessings,: - has ben vouchsafed . to ti.s-,
. Seed-: time an harves .have! -not failed—the
i
earth bath . y ehied . er increase, and richly
reWarded the aborTof the husbatidearin. - -The
- Arts and Sei nee-s -h ve been . advanced, and
-- the •.Cretit' int nest s of : Education, Morality
and Religion
. liberally encouraged -and sus-'
tamed. Ott i-nation in its unity—our Tree
institutions ittheir integritv, with our rigfits •
1
and privilege „civil end religious. havebeen
preserved: 7 i Recog,dizing.iti,. these blessings
the goodness of Almighty' , God, we shonld .
render to,lfitit the h6ttiao of grateful hearts
and the devi lion - of ;our sincere praisc;_' and
' - whilst tininbly .neknewle . dging his mercies to
us as a: peop e, let Os 'still further express
,
ieir eratithde to
,Him, by act's o(individhal.
charity and kandnesS to the poor arid helpless
in. our tnidSt . . • - Sorrow 'now fills the beaks,.
and adversity darkens the hones of Mani_ of
ear ciiizert4 • Our. liberality should be.genes.
roux; our.benefactions munificent; and thus,
~ whilst .the *tints ;Of" the poor and suffering
are re s lieod,j the generous :.giver will find a
riell*.ward - in the pleasure that results - from
communicated. geed. •• - : '•. - . . . .
• The financesi Of -the Cominon'Wealth are in
a very , sagaefory condition. During , the -
•past year, miery demand Upon . the Treasury
has - - been promptly paid, - front the revenues
derived , front the. ordinary sources..-- • The
operations of
.this Department will be pre
setited to - y-Oa, in . detailf in- the report of
. the
State Treasurer. , , : . . \-. ; -
• • Eur•the picaryeAr ending Nov. 30th,'1.857.
, the reeeipitrat the Treasury, ineltiding balance
in the Treasery-. on the first .day •of December, '
1856; of the million tivo hundred and faiiy.
four thnust, I
A -seven-hundred and itinel4_,five.
• dolTais‘ 4 and fiiity two cent-i ; (L 244,794 42r
.., Were .fieimilihins -nine hundred avid thirty- .
' fiveth‘M-and three hundred-and eightv-three
• dollars and
- twenty-six cents ($5 ; 935,383 9.6).
The aggregate expenditures tor t6elsamepe
riod, were five 'Mil litin four hundred and seven'
• thousand tWo . hundred and seveniy-six
.dol)
tars and setJentv-nine cents, ($5;407.276:79).
- Baianee in the "Treasury 'l)eceritber- 1,, 1857;
five: hundred mid twenty-eight thousand'. one
• hundred and six dollars and forty-seri-1i cents - ,
• ($52.8,1•06 147.1 Excluding the balance in
- ' the, Treasury. on, the' first day of December,
~. TSS6, their rece ipts from all sources were four
- , million six'humited . rind . ninety thousand five
tinindred and og - 111y-seven dollars-,and eighty.
, • ;Garr centS . ,_ $4,690,557 . 84.) Theordinary,
exptnditurei for the satire period were three
• milqiin nine hundred and ninety-two thousand -
- three hundred and seventy dollars' and twen
- Ity-nine :cerit..-4, - (i.3,992,370 .29 s;)• ,exhibiting
' .. an excess
.a ~yecelpts over expenditures .of
Six hundred and ninety-eighti. thousand two
-..
hundred, and seventeen 'Llollaes.and' . fifty-.five
• scents, . : ($693,217\55:).. - : The, extraordinary
, payments for the y)ear were-one million . fbur
• hundred.and fourteeohonsmnd nine hundred
and 'six dollars and fift cents, ($-1,414,906
50,) -as follows ' tt a nwit% i o the completion
, • of the Potiage 13-161 road, fii tynine thousand
sixty : upe doljars.and nitiety-t o cents, ($49,'
061 - .92 ;):to the North Branch xtension one
hundred atjd thirty-eight itms:lnd seven,ltuti
:
died and:ninety2eight,dnllays and eighty-five
..,cent:; (tif3;79B 85;) ,go itday the South
Track of the aktum I)ia lkilrytia.;. ninety-one.
- thousand . faur ' hundred-and - fire dollars and
forty-six cents, /$91,406 45 ;) -. ;ti:verilarge the
Deity Ware 't
Division, forty-six. - thousand .4 wo
hundred fur sixty-three d011aiN(546,263 00;)
- : fur motiv e ih 1856, eighty-one. thOni - -'
- *atut six 'hundred and time_ &nazi and like-my
., „Tour eetils;' ($81„604 24 . ;) for repairs in 1855
',and 1856,..f01-tV-nitie thousand 1 -five hUndred
. - and .'sixty-four - dollars' and seventy-eight cents,
.' ($49 5641'S ii • kir the ' redemption "of
. loaris,-
-eight hundred' tied twetity.thousand ninety:
seven dollarg'and three eenta,(5820,097,03;)•
damages:: On :. the. Public - . Works, fortv.:Sii •
.) 'tlio-usand h i ve f' . hundred and fifta-lwo dollars
and sixty-live cents, ($46,552 W - .) old claiins
*on the Maui Line adjust t ed .tinder -the several
' Acts,or Assembly; fort V-six thouisand. five
.-, 'hundred aid frty-eight d - ollarsand fifty-seven
cents, 4r, 548 . 57,) .and. for the new State
. Arsetial ad Farmers' High School, forty-five
thousand ; dollars, ($4000)00 . .). - -". • . • : •
. .
•
The iitterest on, the .tuftded . debt; due in
• . February and August last, Was then promptly
, •''' ; paid, and - Oat:Calling due in Februarrneit;
will belitlid Put of available - means now 'in
.:.. the Tre-a`Treasury._.By : virdtue 'of the', provisions
Of the AA of the 13th of October, 1857, e!;-
titled,- ".- l Att Aet.,.providing .ftir -the &sump- -
note of Opele Phyinents by the Banks, and
for the li' t ellet OlDebtrres," the SlabTreastt
- -
rer will' is enabled to . pay the interest due
' in Februa4,,,in specie oz . ita-equivalent.-
• .
Thecreclit, - of the Commonwealth has been
I, -
.. • fully andllionorably. sustained. -The Prompt
, , 'tress with which every legitimate - demand
__ - upon the Treasurilias been met, has inspired
- public - c infideuee in our:went-Wes ; and al
' - though recent and existing- financial revulsien
•- - ina?: einbarrass operations of the Trearry,
. .
and rOduee tdjorne.eitent the revenue, yet
- - tile aliirit V , I If ‘theState to meet hii:,-.engage,
. mentii aft] 'rchil - ntain her- credit, under an hon.'
est and..4thiotnitatl -administration Of -her fi
. -• .rijmet:s; is Undoobted. The honer 'and credit
of the State .must and-can he - preserved in
-=I. "'°' '-, - . •-: _.-. .' -
, -J . , The- 1 mmisstonars. of the Sinking Vund,
. r .. report the sure of
. four bundred.and fourteen
: . -.. thousand. nine . hundred and twenty dollars
• ,
__and tWeitty-ninesina, (6414:920 29) -as -, now
,in the Thasury to the credit of that fund..—
••
This amputit-will. be: applied tn. . the itsidernp-:
,-- •,I thin of 'Relief Notes yet itt,eireulation-, and W .
. .
• I , -thel,pay • ent of .the hinda.dibt sor 'the Cr
. monwe. th. • 1 • - i
.
I.
. .
• ..._ •
•
•
• .. • .
. 1
i •
1 4 1
4 ,, •
il e
•
7 I
+-
. 11
q
I it
- •
lk • . .
• -
•
r - - .
-Commissione
Atli day of Septumbe'
that the:aunti of one
and eight hundred 'art
sixty-four cents, ($l,l,
of the Cormonwealt
follows, viz:
Loans of . 19th of Al
overdue;temporar l
Loans of:9th of May, I
ilite,:limOorary, .1
Ceitificates of stock
April 11, 1848„6 . .
r,ertifittea of .st
various dates , 6 p
Relief Notes, cancell
etniyed;
Relief . Note!, in Ti
aside for cancellation,
• Total, t 0 $1,04571,t4
'' As required by law, Itlirected the cero
- and evidences of NS indebtedness to
be =belied ; and on the 19th of September,
4857, issued my pr4clamation declaring the
payment, extinguishment and final discharge,
of:one million forty-wo thousand eight hun
dred and fifly,seven dollars and
• sixty-four
edits 01,042,857 64) of the public debt..
In addition to thelamouet reported to be
in the Treasury to the credit of the sinking
find, and applicable]to the payrnenl of the
public debt, the Commissioners of the fund
now hold the sum of seven and one-half mil ;
',ions of dollars, (1.500,000 00) bonds of
the Pennsylvania.Raßroad Conzpat y, pledged
bylaw to the pay tnint.ofilte .funded debt of
the'. Commonwealth 4 ri .
By the 4th section of .the 11th article of
the Constitution, as amended and rat; fied by
a majority of the qualified voters of the State.
at; the general -election 'held on the second
tuesday of October, 1857, it is lizade ' the
l'
duty, o the Legislature l at its first session af
terjhe adoption of is. amendment, to create
a Sinking Fund, wOch shall be sufficient to
t ,
pay th accruing interest, on the present pub
lic'tleb and any a4itional debtthereafter
constit tiontilly con 'meted, and annually to
reduceAle . principal thereof by a sum not'
c i
It...ss th 'n two hundred and 'fifty thousand dol
lars ( 259,000 00,) which "sinking Fund
shall nsist of the net • annual income of the
j
- public w orks from ime to time J owned by
the Sta e,, or te 1\ eeds of hey sale of the
- some, r any part t ereof; and of the income
, or pro eds of sale of- stocks owned by the
State, ogether wit other fun sor resources
that 'm y-be desig , ted by 1 w.i. The said
11 ,
sinkin fund may 'e inereas from time to
titne b assignkng t it any part Of the taxes
or oth r re:Venues o 11 - 1 Stmt., nat required
for the ordinary an - current expenses of goy
ernme t, aisf, unle s in case of War, invasion
rrection, nopart of said Sinking Fund
u::ed or *Polled otherwise than in
or ans
shall
extm,i-hmtnt of
amou 't of that de
mink ,s Of dollars;
Thi. being, the fi
ture since the ado
The du.*v therein ent
and 'sh'imld be pri
. char,v:.
The y funded and Unfunded debt of thQ State,
includ'ing temporary loans, the'firsi day
of Deicent her , 1856, as. per Reports of Aud
itor o,eneral and State Treasurer, was as fol:
lows,. : •'
1.6 per'cent lo
5 I.! lat I.
" "
4 '. «
Total
Ttelie
flu
best
un i
Dum
E E El
Bal a
1 • 1640,701,835 25
Te fulcidcf: n4urifonded debt', at the close
of the last 1 ..-cal year, December 1, 1857,
was as follows viz:
. . •
, p
6 per 'eent, loan, 445,1'80 00
5 - " " ' 3 713,212 52
41 "- ' "U. , 388,200 1)0
t= _ " • " 100,000 oo
Total funded debt, $39,706,592 52
. u2iyunDp3 DLIT. .
Relief notes in
t 146,421 40
1i t'st :certificates
ontstanding,....
nt'st certificates
unclaimed,....
Domestic, credit;,'
•
or
Totalunfunded 6bt,
Total debt Deetirt . 4il, 1857, $39,881,788 22
TOtatdebt DeCeMber 1,1850, $40,701,835 25
,‘ • " _ Eti, .1, 1857, 39,881,738 22
Decrease diking the last fiscal . .
year,. - 115820,097 55
-
These statements' exit ibit the, gratifying
fact, t hat .during the past year, the pub
lic debt has been reAuced eight hundred and
twenty thousand, nitiety.seven_dollars and
fifty-five {tents. During the same period
large ';;appropriations and .payments were'
Made on..aecount of o.,ur public improvements,
for old and unseuled claims adjusted under
the act of last session, and for otbei extraor
dinary purposes.
. The condition oldie Treasury_ prior to , the
anspension 'of specie payments by the Banks,
justified the appropriation ofc , at least two
bendred thouguid dollars more in payment
of • the public debt, and erTangettierits4ere
made,by the Treasurer, under the direction
of thi Commistlioners or the Sinking Fund,
to liquidate that amount ; but after, the sus:
'pension, and thit consequent financial ember
rassmenteof the,ountty, - the proposed pay
ment, from Prudential -motives, was post
poned. Had this ,pay meat • been made, in
addition to the payments. already reported,
tbe,sitatements and calculations submitted in
my last AIM* Message in relitscat -to the
early paynietill and final extinguishment of
F
'of' this fund, on the
last, repprted to pte
Anion forty-two thous
fifty-seven. dollari said'
42,857 d 4) of. the debt
was held by them, as
H, 1853,
$400,000.00
1'854, over' •
loans of
per cent,,..
L .
!owns of
cent. ..
e• -
d and de.
11=i1111.1
=ED
e public debt; until the
it is rcducisi below five
1 - '05,000,00o.)
pst session of the Legisla
's ion :of this amendment,
joined devOlves upon you,
mptly and faithfully- dia.
funded
CEZ
tion,..
certifir
.tandin;
certifi(
stic Cr'
ce tempora- _
41n, A pril _
1853 , 400,00000
ce tern pora
-Inan, May
1851, j 184,000 00
unfunded
FUSDED -DEBT
23,473.52
` 4,448.38
' 802 50
' 6 IFREEDOn
MO,
the public debt, wo
.sustained by their
causes that - prevent'
believed, will soon.
,the revenues of the
ated by that indomit
characterized the 'Ai
for a moment; but
adverse circumstan
roused to more, vi
and-'defeat, our / NI
checked, nor our p
nip*. Confidene
ful agency, that binc
the great financiai,let
interests of our eotir
been suddenly impla'
and coinmertial di.
revenues of the Co
the advantages resu
velopment of our r
quarter of a centu
ble increase of our
manufacturing indu.
riodi—the abundant
—our completed iti•
elements of nutteria
'restoration it an ea
atieal. Returning
ald Of returning pr
iinf,t then, the pre.
gloom y condition o
ful consideration of
ire condition of
. the
the Commonwealth
affirm , my belief, "
distant when Penn
deemed from the o
debt, and her people
ation imposed to ni
and maintain the
•nionwealth," and t
economy in all dep
ment—avoiding e .1
refusing to undcrta
tetinal improvemen
accountability the
-agents of the Stat•,
views may be anti
'As cprroborativ
heretofore express ,
operations of the
'three years, as con
.of the debt of the
be inappropriate.
sage to the Legisl
that during the lb
tween December
1854, the public
million, five hundr
three 'hundred and
tv-four cents ; and,
crose of the fiscal •
was foi,ty-one mill
ty-eight thousand •11
five dollars, and
698,595 74.) - At t
year, December 1
tits funded and
shown, was thirty
and eighty-one tilt
thirty-eight (Jolla
.0;39.851,738 . .22;
one million eight
sand eight hundr
and fifty-two vent:
Thus in threC ,
been decrea4ed,
out resorting to ti
164,000 00
66,501 00
9,616 64
373,0 , 0 00
30,000 00
bearing interest a
per annum, pa
pledged to the p•
If this sum be ad.
fore stated, we ha
if not an actual d •
nine millions, se
thousand, seven
dollars and eight
showMg the tuta
of the State on
1857, to hat e be
hundred and sixt
and eighteen doll
( 306,818.41.)
In a l oticipation
and the decrease
tax, 14 an act. of
reduced from t
on the dollar, a
of the tali impo
_to that act. Th
Well Imay the%
sueh an auspiciot
of'liqUidation, a
dence anticipate
from State taxat
dal entharrassrm
but unwise legi
dishonest man
prevent the ea
founded aniicip
834,859 75
175,145 70
The , eenditi ,
gener3,l operati
.tires during , th•
seated to you i
Canal Commits
The total re
the public wor
vernl3er 30;18'
Main' Line up
were, one milli.
thoutand five to
lan and s ixty-t•
The aggregate
rind i.were one
twelVe thousa
lars and sixty.
the eXpenditur
thOutang-one
fivel;ents., (14
The receipt
eralpivisions
1. Main*Line. to
SuNuebanna, ,
BranCh Divi
Delaware Div!
Tim receipts
are less than t
tx)mWetitiit o
'causes have 1
ARID 200K14 saanamgv ei,AVIERv Akim
um
B TROSE, THURSDAY, JANUARY 14, I°sB
Fd thus far have been
,
ual verification. The
' L s their rehlization, it is
~eselto 'effect injuriously
'lump-wealth. Aetu
' le energy that has ever
riean people—faltering
t disheartened by the
s that surround us
1, tis,senon ,by disaster
kre44; cannot .long be
tispirity long be inter
he,sensitive yet power
inj unity and strength
h t trterc:al and industrial
ry and the world, has•
rd, producing financial
4•esS, and affecting the i o:
imcinwealth; but with
Ling from the rapid de:- h
•ieurces. during the last p
v' the immensely value. 'W,
iricultural, mining and th
Lt y during '
the same pe. lei
i
ti ryestWof the past year ex
ruventents, and all the Iv
ealth in our midst, its d
F paYlod is not problem
o, fidence will he the her-
la perity. Nutwithstand- - at
))it embarrassment and T
1 1 ,
lhe-coutttry-, after _ a care- 1r
1 .
'he present and prospect. - e
! intakes 'and resources of ;
,I cannot hesitate to re
iat
-' i the time is -not far
lvania wi l l stand re
pression of her public
be relieved from a tax-
F t
et its accruing interest
t and credit of the Corn
: "by practising strict
!Intents of the Govern,.
tlavagant' expenditures—
• -.any new scheme of in.
;! and holding to a rigid
rTeiving and disbursing
, the realization of these 1
i ated with confidence." -
.(
t the opinion now Ind'
, ,• a brief review of the
414asttry . during the past
ctcd
with the payment b
immonwealth, may not d
In my first annual mei- t
vitro, the, fact was stated t
4 years intervening be
,11851, and December 1, : ) r
! had been increased one 1
and eighty-four thousand •
fty-nine dollars and thin- t
oat the total debt at the
ar, DeiTmber 1, 1854..
ins, six hundred and nine:
e hundred and ninety •
venty•fuur cents, ($41,-
e rinse of the late fiscal'
"d Stir, three years later,
funded debt, as before
le ; millions eight hundred
1.1 and •.even hundred and
a Ord twetity•tvVo cents,
Decrease in three years,
it ncired and sixteen thou•
i tind fifty seven dollars
4(81 ,81.6,85 i 52.)
lars the- public debt has
factual payment and,iih
e expedient of to ifiorary
eight hundre nd sixteen
ndred an ifty-severt dol.
+its. fto this be added
u . ed and fourteen ..htiu
i• and twet•ty dollars and
i
014.920.29.)b0w in the
Ipfilicable to the payment
,ahe reduction will be two
cited' and thirty-one thou
e and seventy-seven dol.
cents, ($1,231,777 81 )
of only gratifying, but en.
s already been stated that
*Mg Fund the sum of seven
[red thousgml - dollars_
c.l •Ivania RailroadCopaity,_
1 m
1 I the rate of five per ceetiim
'able semi-annually, and
~11
d m
of the funded debt.
iOl Ito the reduction as he
e_Presented to us a virtual.
• ease. of the State debt of
41 hundred and. thirty-one
'linked and seventy-seven
1011 . 41 cents, ($94731,777131)
~ I linded and unfUnded debt
hie 'first day of December,
! 1 thirty-ohe millions, nine
'. lx thousand, eight hundred
I ' s and forty-one cents 031,-
i of the sale ir,f the Main Line
i 1 p the public debt, the State.
the lag regular ression, was
le to two and -a half mills
Auction - equal to one-sixth
-:,. for State purposes prior
.-:i facts speak for themselves
. Topic 'be congratulated on
ins beginning in the process
d well ,may they,4-ith confi
he day of their deliverance
' tin. Financial and commer
writs may' postpone—nothing
iilion, and the imprudent or
mcnt •of our finances, can
1 realization of their •well
lions. ' _
fof the public works, their
)0, the receipts aud ' expendi
-ipast fr=cai year, will he pro.
idetsil in the Report of the
?Tiers.'
... ~
ipts -at the Treasury from
4,..,if0r the :year ending No
; including receipts from the
the first day of August last,
1,. three hundred and .eight
.• red and ninety eight dol
-1
a cents, ($1,308,59862.)
penditures for the same pe
, million three , dred and
Seven huribr• , and fiv-eAol
ven cents, ,31‘2,705 674)
I exceeding he •reienues four
litildred an , seven dollars slid.
i : i7
, ,05.) : , ,
!the , • • .ury from the sev
'ee , -follows, viz: 2 —
igi ust 4,4857, $796,550 33
lurth• and- West
lion's
281,718 95
1 - - .
Ron- . 224,3g9 34
1 prr_ .t
ow the Delaware, Division
of the, previous year. The
_
• Mal ' Railroads and other
i l t setted the receipts from. this
important division - of our public mo i rks; twil
it is feared will eOntinee to decrease them.—
Its management has been satisfactory, and
competed with other divisions of the public
improvements, economical. The net reve
nue, at the Treasury, was $174,001, 87, a de.
crease of $90,093.53, as compared With ther
reeelpts of the pre s eeeding year., In addition
to the ordinary exiendittires, the sum_ of
111,46,263 was paid for the enlargement and
imptovement of this division. s
. The North Branch Extension of the Penn
sylvania canal, altholigh.so'far,completed in
the fall of 18503, that boats freighted with
coal, and other products.' were sticcessfutly.
`pand through its entire length from Pitts
too to the Junction canal, yet in crinsequence
o: alarge portion of the " Horse RacelDani"
having been carried away by the freShet of,
'est spring, business on the canal-was sus.-I,
m ed the greater, part,of the past year. It 1
r..
as
h repaired catiai
, d
a u
i r t i h n o g u t g h h e , summer, e
and
-nd valuable,i n the
w all business was resumed along its-entire
,n th; Soon after; the same dam was again!
xtensivelv injured by a sadden' and heavy
- e s et, and the greater part of the canal i:n..l
er d useless for business. An appropria
io will be required to re-construct the dam:
pr ass to be doomed to failure and disaster.
:h se are the fruits of former . mismariage.
ne t and fraud in its construct:ten: Every
effo t has been made to repair the errors of
its early management end to complete - and
render useful this division of our public vlorks.
Under proper management it can be success
fully accomplished , .
In pursuance of the act-of the lath day of
May, 1857, providing* for the sale. of the
Main Line of the public works, ofte,rigiving
the notice reqUired by law, I caused the said
Main Line to be exposed to public sale at
the Merchants' Exchange, in the city of Phil
adelphia, on the 25th day of June last, and
sold the same to the Pennsylvania Rail-road-
Company for the sutra
s f seven millions 'five'
"iundred thousand doll ra, the highest price
di for the same, and he minimum price fix
-1:1 in the act.
tier a full complit
kr; h the conditions of
;al., and the delivery,
ie and for the anion
lu • at the time provid ,
h • - revectiveinstalme
h • Commonwealth, of
A D., !857, as direct
re under the great 8,
P nnsylvania Railrod
e sots or hasigns, th
t public works bet
P ttsburg, togkher w
a d interest, claim an
unwealth otTennsy
r•al personal, and n
used in connection wit
nionwealth ; and the
notice of their reading
the said works, posse
accordingly delivered]
first day of August
given to all Su int
the Comma, •ealth,
date th • • at day of
by : law authorizi
The bonds of the
Company, in the sum
millions of dollars,
Suite Treasurer and 1
Commissioners of tin
tire:'proceeds of the
the 12th section of AI
Sitikirg Fund and at
thii State debt.
- I cannot forbear c ngratulating the people
Of the.Comtnonwealt on the cousurnmati•ln
of this sale. Public sentiment, as expressed
through the ballot-b x, and in. other firms
equally' significant, d mended it—put:die pol
icy and the interests of the Commonwealth
required.it It is do e. The many approve;
few complain, those most, w_ho have gained
an unenviable repute tion - by a reckless disre
gard of the public interesta, as exhibiti e d in
' the extravagant, useless and fraudulett ex
penditures of the puhlic money for selfiSh or
partisan purposes.
The sale. of theain Line has directed
II
public -attentiofi to he importance and ne
cessity of disposing of the remaining divis
ions of the public il,.i pruvements. The rea
sons and pt.gicy that required and-justified
the sale of thkone, apply with - equal force to
'the sale of the oilier. , The propriety of sep
arating the State from the care and control
of The, public-works', is not only evident -to
all who have given he subject a, candid and
impartial Considera'on, but the' necessity is
clearly established b the history of their'
tl
construction andmanagement. They have
failed to be a soured of revenue to the, Com
nionwoalth, and if stained
,by - the State, will
require an expenditure in their repair and
management, largelexceeding any revenue,
, that under the mos favorable circumstances,
can be derived fro them. - In any phase of
ri r
the - question; this s paratiott is desivable, but
in connection :with be payme.nt.of the public
debt, and the reduc ion of State Taxation, it
becomes an object f more than ordinary in
terest. A sale, at the earliest
,practicable
period, of the whol of our public -works, for
a fair consideration upon terms just and lib
' eral to the pureha rs, and at the same time
amply protective the rights and interests
of the people, sho Id 'be authorized by_ the
Legislature: Such sale, with the applicatioy
lof the p'roeeeds to-he payment of the public
t
debt, would secure its still More rapid extin
guishment ' The s bject is. recommended to
your unbiased eon ideration.
The -law incer rating the Pennsylvania
Railroad Compan imposed . a tax of three
mills, per ton,-per mile, on all tonnage pass
-11,
hug overt iat_road as an equivalent fur any
decrease 'in* the revenue of. the Common
'wealth, that might ariseTrote. the anticipated
competition of the road,Zwith the business' of
the gain Line of he •poblic improvements.
. :,,,s.
This tax is not im posed upon the Company,
but upon the ton age, and is paid by' the
owilera_of the fro freight transported over the
road ; the comps y - acting as , agents in its
,collection and pa meat to the State. It is
virtually a tax u n the trade and commerce
of the Commons? Ith, and 'upon the .com-t
metre of other S tes whose productions seek
an Eastern msrke over this road ; and thus
by increasing th rate of eharges, and the
pa
cost .of transpor tion, the produce -of the
Westis forced u ri the isoinpeting railroads
of other States' . rid to other • markets than
ours vrn.._ 'The ecessity that required this
tax, as . regards 'tit Commonwealth ond ,het
lis
improvements, ceased. lts continuance
can only, be josti ed as a revenue measure...
It should be the policy
the transmit.sion of
States through her ter
keti, and, therefore, t I
ing the trade and bus
wealth and country fr. ,
respectfully submitted
conse,qtience of tl)
t payments by the• Bank
States of the Union, nn
yasstnent and general..
I -deemed it my duty
by the 'Constitution, a
Rice by the pureltasets
he act authorizing the
,f their bonds in num
ts'equal to and' falling
;cd - flit the payineni - Of
flts, the Secretary of
n the 31st day ofJuly,
di by the at, transfer
al of the State, to the
Company, their mic
v, hole Mi - in:.Line of
ceen Philadelphia and
th all the:right, title,
- demand, of the Com
vauia to all property,
fixed, belonging to o
tiameily the
iurehasers havLA
given
ssession o
ss to take
e same • was
IMEZI
FM Company on the
t ; of which nptiee wa.:
ndents and Agents of
y proclamation bearing
uly,--1857i as required
rth4sttle.
Pennsylvania Railroad
/of seven - and one ' half
ware reerivra by--tile
re held by him for the
• Sinking Fund ; the en.
.ale being required by
e act to be paid to the
iplied to the payment of
of the
he pr•
tory t•
e pro
ness
.m thi
s
4
or you
e cusp
of th
d the '
.rostra
I to cal
1 Extr
Le girdsture, to -Irma 4t Hai
sixth day of Ociobei last.
lief provided by this eltrard t i
the General 4srettibly, w s t
•the exigency bflthe cOe req
productive -of , many beneftei
skrved to allay the at
alarm that pervade* the ent
By the act providing for th
specie payments by the Bat
institutions accepting Ithe pr
Jaw, .were required to ! pay mi
one-fourth of one per ; cent.
.stock; .the amount realized 1
of this bonus bas 'not only
expenses of that session, but
ante in the Treasury of not
five - tliotisand dollars -a res
.1
injuriOus to ti.e finances - 6
wealth. -
My views express in fc
I t
cations on the subjec of ba
capital; in their relatio to
the general interests of rad
ged. However diverse our
on this subject,,it must be
that the banking and credit
intimately interwoven with
eommeree of the 'country, t
separation, or a rash innovi
'duce consequences of lead
That the present system of
feet; is not .pretended ; tha
.sentially modified, -will not
present derangenlent of th.
and
,Will suggest the necessi
only in the system itself, bu
!tient of our banking instittn
Unlimited credits by •cor ,
v 'duals have and Avill -ev,-
to
a •ag. -
• w• •
-ton
• •t deer
•eutostan'if
t and eff
'al and •
fhe,c cy of a
o these. laws, al
ev,il. - They contribute
rash speculations, extra
cessive over•trading;
lowed by ruinous rev'
edy should be,l do
undei existing
but to he pe, ;dune'
cord with le nau
trade.
ex ti,
their operation-and cont
be consistent with the pu
therefore, that a svtetn of
ed on undoubted public Se
in such proportion to circt,
iteS as' maybe deemed sr'
their conversion into specie! i
proper limitations and restr
preferable to the present "s:
duction would correct mar
not only in the system itse
ent mode of banking. Th
ec-er, with the remedies ne
%recurrence of the u
- atiffer. nether with the n.'
the relief, if any, flint - ma
by the Banks of the Conn
ble them ~to resnme' the p
abilities in specie, are all
dom of the-Legislature. •
and important business
such should receive your
eration.
The present condition
wealth and country desery.
ing remark. A severe _
has Occurred, inducing a sit!
payments by the Banks,
G but of all
Union, deranging the earr.
disastrously all the great)
coerce and the industrial I,
zen. Labor is without
thousands. of strong, o activ
ing_for work or bread,
fur these evils are almost
interests or prejudices of
take their explication.
or causes they'may be re T i
just,•nor proper to charge
ancial and comrhercial.,di
and their management,
they mtif have contribute ,
operated still more -dime'
to, produce these results ;
first in importance:avid i
ent system taflow,dutres, I
the warehousing sesterrn
i
cy of the General Govern
abandonment of the prote
bodied in the Tariff act n
by Pennsylvania with; a
unparalleled in her ,hists) '
tatives in both branches
gross strenuously Opposed
act. iThe, evils .unde4
fering were predicted, a
sucirrepeal. But other
the act was repealed, an
country exposed to a
with the cheap labor of f
diSastrouS effects of the r'
ed by the operation. of
stood by every intelliget
abroad peoduced . oin un
. for our bread Stairs, and.
nia, although it may hay
eitement of our progres-1
full share in producing.e
commercial embarrass
plied the means Of pay'
balances against.us on o
lions. _Under the prose
•
ties, the excess of imp I
been beyond the most-4
tfie country. They hue
ruinous—destructive of
and involvirig the hoc
home labor; in one co
imported more than
much more than we ni l
abounds in iron ere. "'II
tures are justly regard •
wilts of 4,1. material
abundince, if properly 1
by a wise nationarpolll
the markets of the . 'svor
panage of theact of t:
of' iron and steel and th s :
than two hundred milli;
1 , aid for in gold 'or
1% , w held by foreign
0 4, which but adds to
WROMO."
Fit s
upon us by our foreign, * 4 debteduess. 1 The
same is true - of many othe important branch
es of borne industry. 'May Milli Ons in val:
if
ue of cotton and woolen ids have, during .
the same period, been imp rted, that ribrilild.
have been made in oupowi worksliopsoould
have been woven on Ami T rican, and Pot on
British, French, or Germaii•loonta. . I .-
As an,example of the pSactical working 'of
the system. .Official documents exhibit ,the
fact, that - during the 'past our years- thelin
ports of foreign merchati ise, exceeded our
exports one hundred an eighty-(oar mill
ions two thousand seven undred and 'sixty-
Uight dollars ; , iind as a consequence, the
drain of the precious me Is was correspond
ingly great. The arno - unt of specie sent out.
of the country during th t period...Was - Two 1
hundred and thirteen millions three hundred,j
and sixty-four thousand hree hundred and'
eighty-four dollars—speci • imported twenty
six millions nine hundred and twenty-seven
Thousand four -hundred and twenty-seven
doilats : leaving a balane against us orfspe
cie account of one hundted - and eighty.-six
-millions four hundred, and thirty:six thou;
sand nine hundred and fifty-seven dollars.—
This depleting process, aggravated by exces
sive importations, unsettled the currency and
induced an inflated paper cireulation, result
:ing in bank suspensions:dnd financial embar
rassment. But the e s vil ioes • nut ! end. here.
An inflated paper currency: T hy, eheapeniag
the price of money,inereases in this country
the cost of production, aid thus; whilst the
4.merican Manufacturer s exposed, under a
system of low - duties, to a ruinous competi
tion with the cheap labor of Europe,.he is
paid for his goods in a_carreney less valua
ble than that paid to•hislioreign_coinpetitor:
--_
As •.a necessary • result, !the hone . fabric is
' driven from the market, [and the . homeman: '
' ufacturer ruined: Thd 1 operation of these
'causes, stimulated by IoW duties, is sufficient
to destroy the industrial `energies of any peo
ple. _ • • • I . • .
With these facts befoe us, it is no matter
of surprisethat our mills', factories and furna
ces have been closed; and thousand's of lion
eiit laborers thrown out of empfyment;
t 1 1
at commerce has ‘scf,reely • an .existence,
ti at,bankruptcy and ruin are around us, and'
oar general prosperity paralyzed. To avoid
these disasters, tuwhich we have been peri
odically exposed,'reforni not only in our sys,
tem of banking, but in our revenue laws, be-.
Comes indispensable. ,
If the principle of the act of 1842 had
been preserved—even i( its rate of duties had
( been reduced, our specie by millions would
not have gone into 14,42: coffers to , build
up and sustain the foreign . manufacturer;
home industry would _& .prosperous, and, the:
cry "we want, work," - i suing from a thou
sand lips', kourjarge cities.and• manufactai-•
.ing 'districts, would. not Inow be heard; nor.
would a foreign_debt onearly five hundred
millions of dollars exist to startle and alai In.
us. That systerar..tha -practically prefers
foreign to home- labor,--that kerps Our work.
shops in Europe, instead of building and sup
porting them here—thole takes our gold to
pay the wages of the British laborer, whilst:
our own are without employment and with
out bread,=that.fills the country with foreign
merchandise to the' exelasion of the Wine
labric,—that lays the 'British rail upon the
road through our iron districts and by our
rolling mills, whilst thew are . silent 'and de
serted, and that invites ,to speculation nndex
travagance, is at war with every true Amer
ican interest, and should`be at - once abandon
-1 •
ed.
A period of low, duties has alwayi been
marked by
„excessive' , imp?) tatilins,— large
exports of specie--overtradingbank.expan
. . ..
,f our Common
sions and suspension's, and financial and rum-s
at least a' Pass .
mercial revulsions. Under the protective'
-
nancial revulsion'
policy these peculiar and startling-charactet
-
spensien of specie '
isties of free trade have' all • beenwanting.—
not only of this The.history of the country establishes these'
facts. A well . regulated. tariff, adjusted to
the States Of the
eney and areelimy protect the productive [industry of the coon;
try, is not onli , the true policy of tha Gov.
ninsults oldie chi
interests of co:-
rnment,laut is a b.etter regn!ator of the cur
employment, and
rency, and a more certain security against
men are - now ask-
any system expansions, than any system bf pains
he causes assigned and penalties yet devised for the control of
as various as the banking institutions, or the operations of
those who under-
capital. To this we shquld return. - Penn
a whatever cause
sylvania is yet true to
f i her ancient and long,
erred, it. is neither
'
cherished conviction -o its propriety and ne
all our present fin. cessity: She may have been misled. Pa
tress to the:Banks litical and partisan pressure may have forced
However much her from her true position:. :This - was her
-
other reus e s have lnisfortune, not her (atilt. She sees and feels
the wrong, and With an emphasis, intensified
ly arid powerfully
them . by her injuries, will demand redress ;,protec-'
and *among
Ocoee i. tile` pars-thin for herself and the-great industrial inter
'
n connection with
ests ofher people.. I , I '
.opted as the poll-
The agricultural l i4teresta of the country,
neat in 1846. The
should ever; be fos te red and Sustained by the
live policy, as em-
State. 'They are Mat hi nece s sity . andxuse
,
1842, was resisted fulness, and constitute the basis of State and
i unanimity almost National prosperity, 'Upon',. their. progreszs
ller represen= and development, depends the success-of our
. '
f the_National Con= mechanical, manufacturing, and s commercial
the repeal of that inits/ •
Agriculture,
interests.
eh we are now suf.
relation{, is the unfailing source of Nationtil
wealth, and to its promotioril all should con
a consequence of
counsels prevailed,
tribute. Individual e terprise and liberali
the industry of the
ty, State and County • ociatione,' have dune
uirious corapetitilm
reigniations, The
much to advance thisl important branch of
-peal, were postpon- productive - industry ; have collected 'and cis!;
•suses well Under_
eulated-miteli valuable- information ; rind en
t citizen. r Famine cadraged by their honorable- exertions, the
of, scientific_ and practical, agricul
ture. Science and. art. have! nobly. .proffered
added the ex-
h r
c e
.g ee o d
l er e l d
f. demand'_. Califon-
• their aid— the State s h ould_ not withholdher
and contributed its di'
encouragement and support. :.
:
• isting fin:in - dal and I have.heretofore reorpmende4he estab
nt, hi Million, sup
lishrnent of an Agricolturallßureau„ in 'eon
g the overwhelming s
nection with someone', of the .State D-epart
r foreign impOrta
ments, to give effiely4athe•collection and
t stem of.low du-
-
diffusion, of uiefirl• knowledge on this subject.
ts over exports has
impressed with the necessity and usefulness
xtravagant wants of of such a Bureau, I .a.gitin earnestly. mom:
,
been enormous and
metal it ti loUr favorable e4nSiaer,ation., .
domestic . industry, ''rheFarmers! Hi h Sabo! of Pennsyl.=
.
e manufacturer and 'vania," an institntio incorporat'ed •by the
mon .rnin.' _We haYe Legislature in 1t355, ts entitled to ;I Op
.could he .
Al
could pay for, ,and cial attention of the • friends- f Agriculture.
i ed. Pennsylvania In the teachingi elf this .in itntion, the Wen.
on and its plantlike-. tific and the praelidd rare 4 teed; and whilst
.. as impartant'ele. 'the art of farming,atit3 all that pertains : to the
ealth ; -and from
. her management, hilsinesa, and wotk' of •a; farm,
.stereo and proteeted : Will be the.subjeet of instruction, the natural
i y, she could supply seielices,lo.their - relalon - ind
_applieatient' to ,
'• ; and yet, since the practical nitric:l4lre, Will also :be: taught.--:-
:0, we have imported The student of the institution will :be enabled
:ie . matrufactures,more to test, in his, daily occupation; truth end,
.ns - of dollars in value; "yabie of the knoisledgeuoniintinicated:
' :Ntuelii4:the'latiti cgiinect4mr -• ith ihe - sc hop 1
,bonds: and stocks', '
'itidistittlB interest ' hie:bien 'aueieislidli'itiltlVated . dUrinethiit
he burdens imposed past year. Orchariii:ot every variet of
. ' - • 1 - - ' .- -
'State to invite
;dhets• a other
tt hettOwn. mar.
riefy of feliev
theTommon-
, tax upon it, is
cpnsideratiOn.
=n t siOn of spe'cie
i: and the other
uncial mbar
'ion Of business,
, as . authorized
S'ession of. the
risburg on the
!though the re-\
nary session of
tit as ample as
fired, yet it wag
il results, and
exciten.tent and
ire community.
restuniaion of
lks all banking
vision.of that
o the Treasury
on their - capital .
y the -payment
iefrayed
,all the
1 ill leave -a bal
ess than thirty
it certainly not
the Common-
rmer commum
ks and banking
he currency and
remain unchan
pinions may be
admitted by all
systorsis are so
he business and
at their sudden
tion, would pro- .
4 . magnitude.—'
banking is per-
It could be es
-Ise denied. The
currency may
y of reform, not
t in the manage
lions. -
ns or.indi
an unmitigated
ank expansions,
-thin. , and ex
sure o be tol,
NV li it •tfie rem
it in • province,
!es; t • suggest ;
c.tu:ll, it mustsc
vessaty ln*s ol
!ountry terms no
Id shOuld be left
)I; so far as may
lic good'. It is,
rec. banking, bus
/-unities, and .coin
utioti and depos
eient to secure
on demund,with
etions,is deern ed
h Eelp. ItA' intro
y e4isting'_alieses
f, but in tie pres
se quegions,how
. ,
essary to prevent
er which we now
ture and extent of
-- yet ba required
onwealth, to enu.-
-ment of their
feired to the wN.
hey are practical
nestions; and as
intelligent consid-
U331,J.,1ER -2- V 01.. 4. NO, Q.
- •
MEE
. ,
fruit and hedges have been planted, 'and
many valuable -improvements Made. • A
double storied barn, large and cenvenient,ae
also the fartner's house and part of the out.;..
bffildings have been erected and. oecupied.„
From the report of the trustees we learn
that "a contract has - been made[for the erec.
don of an edifice•calculated , for theaviidence
of Professors, - Lecture Halls and Dormitbries
for students, to be built of sttine, four storiei
high, two undred and thirty-three. feet - is
front, with wings,Virid to cost•fifty-five thou
sand. dollars.. This [building is already in
progress, and it is honed that part of it may
be put under roof ,acid be so tar corripleted i
as-to enable , the Board to make arrangements
to receive a few students betbre the close of
the current year." The Legislature, at their
last session, appropriated' fifty thousand dol
lars-to this institution, one-half of which has
been paid.; the remaining twenty:five, thou
sand dollars to be paid on condition that an
equal sum' be • realized from other sources;
within three years from the passage of the
act*making'the •apprepriation.
The ohjects and character of this institution
—its relation to agrieulteral knowledge, and
as the pioneer in the great work of agricultur
-a! education,commend it the generous patron
age of the Legislature, and to the confidence
and liberality orthe people of the - Conimou
wealth. '..- ' •
.
,
The report to be subthitted by the Super-_
intendent of Common Schools will present a ,
clear and satisfactory statement of the-gener
al operation of the sy_steni • du c ring 'the past
year. • i .. [ ,
The separation of the School from the State ‘,
Department, by the act of•the last session,
was aust tribute to the importance and vat-,:
t
ue of ur Cominouchool system. The great
edaeational interests 4 o f
tbeSlitte,ahe care and
guardianship of the intellectual, social and
moral improvement of the youth of theCom
roonwealth, should occepy a, prominent and
independent position among t h e Departments
of the Government. If ithe care of the trea
sure of [the Commonwealth, the develope
went of her politicoeconomlcal „interests,
have reciived_ from the Government the
marked and distinctive recognition of their
importance ; 'how much more. should .the
mind of her youth—tiith its wondrous activ
, ities—its constantly unfolding energies,. and
[.its infinite superiority to the Material and
Iphysical, claim a still hialter_ consideration,
and receive from the Representativcq 'of the
people, a more honored- recognition. •
• As 'au independent Department, greater ef
ficiency will be given to the system—a more
direct and immediate supervision -wily be be se
cured—the details' of its operation more care-•
-fully observed—its deficiencies discoVered=7
its errors corrected--ths3neiximplishment• of
its noble purposes and objects rendered more
certain, and' the system itaelf saved from-the
dangerous and debasing inflpence.of political
excitement, aud partisan prejudice., •, [.. ~r ,
• Tfie County Superintendency, tested by
experience, has realized - the just expectations
of the friends of the measure, and ..may now
be regarded as a permanent and indispensao
. We_ part of the sysfem. ' When committed to
competent. men, - it has.accomplished it.[noble
work in promoting the success and usefulness
of our Common Schools*• ' and wherever the
duties of the office" ave been tithfulty pert
formed, :the character of the schools has been
elevated; their number and the \ number* of
scholars i,increasedt. atullhe confidence anden
couragenlent of the public secured. ' In. the
hands of incompetent men, these results have"
not been obtained ; but, on .the contrary,
,op:
position has been proveiced, and the cause of
Common - School edudiOon qitarded. . This
office should not be committed •to any but
`. men thoroughly qualified by education •and _
experience for the performance of its arduous..
and responsible duties; and if the , School •
-Directors of any county, in disregard-Of their
obligations, from opposition either to the aye.;
tem or the office, select an incompetent per, -
ionfor the place, the odium of the act,And
ofitailere to secure the benefita resulting from 1
a proper and intelligent administration of the
office, should rest upon them ; and -not upon , .
, 'the law authi3rizing the appointirtent. The _
defects of the system when .clearlyVesiablish
ecl, should be prpmptly. ,correeteda but -
change is nat always reffirtii ; and innova
tion, induced by selfishness or prejudice, may
endanger its permanency' and destroy . its of-•
ficieney_. • • . ,
The Act of the, 20th day of May, 1857,
providing fur the,due training-of teachers for'
the Common Schools-of the State, by eficour- -,
aging the establishment of Normal - Schools -
within the' Districts desigkated in the law,
has received the - 41ofilial Approbation . of all
-interested in thel success., of our Common
Schools: • The passage of that, act inaugura ,
ied v new era in the history of Common
School• education in 'Pennsylvania. -It is a
movementin the right direction ; full of en
couragement and hope ler - the :greater per- ,
fection and,usefulness of the system. Large
and enthusiastic
,meetiona of the , friends of'.
education have been held,ln many of the dis- -
tricts, toVmote-the establishmeht -of Nor- ,
. mat Sehoo _ , as contemplated by the act; and;
liberal sums of money have been subscribed
to secure this desirable object. A noblework-
has been commenced,; - and sustained [by in- *
dividual
the
and liberality-enctitir
aged by the Sia_lt, and vindicated,by its own
intrinsic merit, it must g 9 on until State Nor,
mat Schools, in number_ and efficiency, equal
to, supply . of well trait ed teachers, shall
become the host pride and boast of Pennsyl:
hie.• , - -
-
_ . .
ate tore
The organic etrieture of our System is as •
perfect,
,perhaps,_ Es, human \ legislatiojt can
make it; but; it need's the ,competent 'and
thoroughly trained .keacher to give it greater
vititlity, and efficiency, and secure the full ac
complishment of the •ptirpOses of its creation:-
The teacher, the properly edpeated, the well
'trained, the scientific teacher, is, the great
want of the system. We deed the .I:aching -
mind; not,the automaton niovemeots of mere r.
toorganization or- antiquated routine,
to direct and control time intelleettial energies
of the youth of the Cointribnwealth. , ' 'We re
quire mind, educated mind, in our schools,
that inoiledge may. be 'coMmorticated, not
only effectively and. practically, but that in
training the young; they may be taught to
think—to itivestigate,• and , know _for them
selves • 'ind•thea - bafitted and prepared for
the hig h and responsible ifutie3 of the num
mid the citizen. . :'• - -- - ",
- This deficiency _ can only be supplied til
State
..Neirmal SchoOls fur "the: education of
tettehnis. - TO them we must look
..- ,Tije . ,ft.'
- tire ii -full 'Of hope: .Iltuch - liars sirnidtbiten
, iipne to provide for their lo on,i im , nt no
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