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[ .', '4; . . •: •.•.'-.. - .'":.•: - ) . :'-.7 • : , :: : ' ,--, rj• • •.';'• •:;::. „..),,,:', '-‘• - :7-- -- '''-'-r:f ' - ±:t -,' -4,t.A.-;,,-;,,,,,,..-- '...= .-?...7,:t.,:--, - -”. -”. ~ ‘..74-,srft :,,ay 2.,- , : , .;:,'47, -'-' . 2 2-- v :4,‘"4"q.,,,, - ..-"` --„nit,i,.., .. =~"` ::~s. ': :•:' : I - :::i.,t';-': .-•..,::::::,.i.-;i;,,,-:';.;'_-',- TAR %RUN NH,. IMITOR AND,z,IIIIOI9IIILTOR , • PIT TS BIIRCIas THURSDAY MORNING, JANUARY 6. 1848. . FOR MAYOR: DOCTOR WILLJAM E RR. - memoeratio County Convention. „ • The Democrats are hereby requested to assem liia,in,ttieir respective districts,. in •primarY meet- Sanirday, the Bth of January, 1848, and iTpritißitjelegates .to a Cnunty Convention TO be • behl4Mit Court Hiluse,.. in Pittsburgh. on ,the Wednesd — a_Y following, for'the puq-ose of choosing delegetti to the State : Convention. In the country districts, the time of . meeting will be between the hours of 3 and o'clock) P. andin the cities of Pittsburgh and Allegheny, betw.elen the : hours of 7 and 9 o'clock, P. M. By order of the Committee of Correspondence - .• CHARLES SHALER, Chairman. Asnytliilket.ts, Secretary. „„ pr.rAcs OF THE MOONING POST, , , JAM. 5, 1848—L4 o clock. P M. GorirmAn'a Mcssaus.—We'rintieipVe our usu , al day of , publication, in order to before our readeis the admirable meesage of Governor Sagas. ere Consider it one of the best documents that ev , .na ..• • • .emted froth a Governor of Pennsylvania.— Iti doctrines ate sound and radical—and its style clear#ll' argittentative. We have neither time nor room to say more to day. ThAmessage was received in full by Telegraph 'for the Post; sad flatter ourselves our copy is a • .. w e correct one. Tipp for S*le: As we intenl,elothing the Post in a new dress : in .i . s.teve Weeks, we will sell the . Type now. used .in printing the-paper. They are ,scarcely •one third , Worn,itnd . will last tot five years in printing a weekly paper. We will also sell a great yule -ty of Card ,stitd :other type, partially worn. For terms,. apply, personally to the Editor, or, by' let ter, postife paid..- - Jun. 5, 1648. , Bonk Note List. A most mplexing—error. occurred in our Bank Note List as published yebterday. All the Banks put down at }c. dig. shbuld have been tic. ilis.— a very material difference. Cent. Quitman and. Shields. The citizens of the City of Washington, on Friday last; honored these gallant and distinguish ed officers with a public dinner. The Mayor of dor presided, assisted by Maj. Gen, Jessup of the "Army, and Corn. Wasszaerrote, of the Navy. The .editor of the Union says it was probably the Most. brilliant affair el . :er gotten up in tbat city.— It -was. sertainly merited by the devoted patriots in honor of whom it was proiided. Long may 414 live to enjoy the respect, the confidence,-and the hotior of _their felloW•citizens. ..Dixoa . IL Lewis. A..nbinber - of the Federal prints have been stri ving,... to'iroduie the impression that the re-elec• tion' of thisdiatinguished Democrat to the Senate cirtlielTnifed States,,is a virtual defeat of the, ad. misistnatiori ... hefore the Legislature of Alabama. We bare assnrancea ot 7the highest credibility, that Mr. Lewis is'as thoroughly devoted to his old "political principles as - 'any man ; and that the administration will find in him, as it has hereto fore:done; a warm and firm supported. _llea. Andrew; Stewart. • . The Philadelphia Daily News insists on this gen tteretie being 'nominated- lOr the Vice_ Presidency: Well, we have no‘pbjection whatever to see him nominated' by the Whigs;end it will of course give ple'asure to see bn beaten by the Democrats,— at he certainly. will be. if nominated. CLAY ' and ITWART tor" President end Vi-e Pftsident That vs 'Ol be a ticket indeed! Why Aspnew STEW. Aier.bag so - litnited an idea of human Progress, that if-he had been born under a monarchy, he would I4ve believed man was incapable of livirig udder any.:Other kind of government' But be sill ,suit all 'Alit honest FedFralists; and that-is a point which the Whigs elways must look to, if they wish to 'make even a show of fight. oz 7. The dinner in Philadelphia, on the 30th itchtinor. of Com. Stockton, is said to hare been one of the most splen•lid atFiirs ever witnessed in that city. Nearly one thousand persons kilned in -.:the entertainment, and speeches were delivered by the Mayor of the city, Mr Swift, by Corn. Stock . ton,the Boa Isaac Morse, of Louisiana, the Hon. ' -Mr :Levin, of Philadelphia, and Mr. Potts, of New Jersey. Welearn from Washington that the Presi_ dent has nominated the Hon.,Joac W. DArre, of Indiana; late ',Speaker of the House of Represent aiiies, for the mission to China, vacated by the deatb of the' lamented Everett., Dr. Nicati, "Conrieeticut,We learn, is to be Charge d'Affaira to . Se - rdiiiia, in place of M. Wickliffe, who ha's re signed: Cl' Hon. Wm. Bigler, of Clearfield, has been appointed Revenue Commissioner for the district s composed of 'the counties of Clinton, Centre and Clearfield. TOIRD WARD DELEGATE MEETING. At's:meeting of the Democratic voters of the Third Ward, Allegheny city, held on Saturi.aY, the Ut inst., (John Fleming in the Chair, and John L. ?irmstrong, Secretary,) the follovang persons were; put in nomination, viz: Delegates - to the Convention to nominate a person for Mayor, and Directors of the Po6r House—John Fleming, Wm. Miller. Abraham Streeper, John L _Armstrong, Wm Simpson. (Not instructed Meet Councit,-John Fleming. Common Council—Joseph Collins, J. J. Binning, Jenies M'Kulay, Wm: Allston. 4/dertnan'LJames Chambers: - '.7u:krs of Elettions—Walter Blythe. o fiuprctor.-'.-Archibald M'Callister. ~/sisersor7 - Abraham Streeper. SaLPlf, ,DireC:Ors-.-31%/er: I(STM)Ni., YIRST WARD-ALLEGHENY CITYI -At a meetipg of the Democratic voters of the First•Wird, of the city of- Allegheny, held at the usual place, on Saturday evening, the Ist instant, WM. KARNS, Esq.., wss called to the Chair, and B, S•rswanz Esq., appointed Secretary. .1. Whereupon, ate following nominations ;were • made, viz • • ' 'For Delegates to the City convention—James Ledlie, W. L. Harper,John tlsworth,L. Weyman , and li. M. Johnston. • For -Compton Couunil.,--W. L. Harper, John Hurgess, John liesiortll ad* Wm. Hug us. ; ' • Fcl.Setcool Thregtors, 3 ''years—Wm. Karns and Lewis Veyman.• - Tor 'Constable—A. M. Johnston., ForJudgcof. Election—Henry Pratt. Eor luspectot of Election—G. L, Diane. OO motion, Resolved, That this meeting will will suip . grt HENRY IRWIN, Gas citizen' 'candidate for -Se- legit Council. ' On motion, Adjourned. K. KARNS, Ch'ni. 74L SIERAKT, Scc'y D^ . 40 0:-;,:=L'ii74.''''''',,';.r.-,-.,.. ' ' _...:. 1 .2:.-:.-.:'-1-4'4'.';'---::-,- -.- 315/1:;:; ,-: !:_ -3,:f-, 41- : . : ' . 'ilf-:'!i -. !;;'5 ;: t ,;,:1if:; ' ,4;...;;;..';:;;6:`-':.•: .:,"j5,,'..44:g':,'..,,..-..,17.,1:4:c.t.:-01:..3.4!•,tri,":.:-.!::. gO:ver44.,ekA'e•ggate.! '"1 - s -1. '''"" -- ' • reellewe•eitizens -he &Incite and House of Repel , . - _ erritativeirof tde'Cornitionweakiiff Pennsylvania: Giirrtstirear: 7 - :•-••-k . • • , No ordinary - reasons of thankful- 1 neidito the great God crowd themselves upon the Representatives sorthe'people at this annual Meet ing. Abundance, during'the past year, has been ihe reward of honest industry, in every pursuit of the citizens. Animated with health, and encoura ged by success, they have steadily progressed in the accomplishment of their , destiny; and, while enterprise has been highly favored, in the deVelope ment of our great resources, the elevating purposes and Wed' social organization, religious morality, education, refinement and civilization, have been cherished and admired. Although peace andlron gaily have reigned within the boundaries of this State, we are identided and deeplyinteresied in the war with Atexico„iit Which the nation is engaged, a war which the prtidence, forbearance anddiscre tion of the People tol retain friendly relations, could not avoid; and which' was eventually forced ,upon us, by the duty that rests upon every well regu lated government to protect the rights of it's cit izens, and maintain the honor of the nation. Our relations, our interests, and our institutions, are essentially peaceful The People hold in'their hands - the sovereignty of the nation, and exact froM their rulers obedience to their will, by, their controlling influence. They sanction and preserve the cardinal policy of mainlining amicable !chi. tions with all other 'nations. By them the rights of American citizens, in all parts of the world, and the honor of the nation, are held sacred. Violations of their national rights, and national honor, appeal to the justice, and invoke the power lof the whole People lot ~their vindication. , The war of 1812 with England, and the existing war Iwith Mexico, are illustrations or this distinguishing feature in the character of the American People. Patient of injury, while wrongs are sufferable, and reasonable hopes of a return to amicable re. lotions, upon equitable principles, can be enter. tamed, yet , no nation may with impunity v iolate', ;the obligations of treaties, or break faith with the j United States. In defence of their just rights, the power of this people is resistless. Every citizen holds biruselt responzible and the army springs into exiitence, not by conscriptions or contracts for enlistments, but by the voluntary impulse of independent free men, animated by patriotism, and urged °Sward to deeds of heroic valor by the approbation of the whole nation. This invincible spirit, guided by the 'silence and skill of the officers, has led our ar- Imy in Mexico frprn one victory to another and from one great triumph to a greater,-' and will lead them still onward, until a firm and honorable peace •is secured. While the honest, pride of every Amer ' lean is gratified, by the great achie%ements of our Soldiers, his confidence in our free institutions, and in the meonsto defend and preserve them, is strength ; cited. In . the support and prosecution of the war, in which we are engaged, Pennsylvania has , given tokens of her ancient and uniform fidelity 'to lib erty. and the honor of the nation. Her 'volun teers were among the first to tender their services; and in every encounter a ith the enemy, have maintained the military fame of the common wealth, by deeds of romantic chivalry, and oble daring. In these great achievements many of our heroes have fallen in a foieign land: The moans of the winds of Heaven, in passing through the long grass on their graves, are re•echOed by the sighs of their friends in the father land, and the sad requiem is a just tribute to their aufferages and their valor. - The finances and credit of the state, the amount I and condition of the public debt; and the means of reducing it, are among the objects which claim the fist attention of the representatives of the people. . The amount of the public debt, on the Ist of December, 1546, was $40,789,577 00 On the Ist of December, 1847, it was, according ' o the report of the Auditor Geeral. aslollows: Funded debt, 6 per . . cent. stocks, $1,752,335 06 Five per el stocks, 37,267;990 - 37 Four and a ball per cent. do., Relief issues iii cir culation, Interest certificates outstanding, Do. do-unclaimed, Do. on outstand. ding and tin. claimed certifi cates, at 4i per cent., to Ist Au gust, 1845, the time of founding . 22,459 SO Domestic creditors 96,095 47 40,628,940 51 Being $160,627,49 less than it was on the Ist December, 1846. This payment or reduction of the debt within , tie last financial year,,was effected by the cancel.; lation at the Treasury, of $150,000 of the Relief issues ; and by the receipt of State stocks in pay. ment of old debts, which is allowed in certain cases by law. a There would have been $200,000 of the relief tissues cancelled within the year, in accordance with the requirements of the law, but the payment, of the interest, which . tell due'on the Ist of Feb ruary last, left the Treasury no much exhausted. that the amount which should have been cancelled on the 31st of March, was not then on hand It will be recollected, thst it became necessary to anticipate a portion of the means of the year by a loan of $200,000 00, to meet the interest which fell due on the Ist of February. The balance in the Treasury, on the Ist of De cember, 1846, was $384, 678 70. The receipts into the Treasury, during the financial year, end: ing on the 30th November, 1847, from all sources, including the loan of $200,000 00, above referred to, are $3,977,025 SO ; making an aggregate of $4,361,704 59. The payments made out of the Thasuryothirin„,. the same period, including the , repayment of the loan of $•2,000 00 were $3,-' 650,813 74, leaving the balance in the Treasury, on the Ist of December, 1847, $380,800 55; being $206,212 15 more than it was on the Ist of De cember, 1846 The estimated amount of reliable' , outstanding taxes on the Ist of December, 1847, 1 was $548,881 00; and the estimated amount of the same, on the Ist of December, 1846, was $542, 688 64 ; which exhibits an increase in this item of $6.192 36 ; to which, add the income of the balance in the Treasury, of $296,212 15, and we have the sum of $302,404 51, as the aggregate increase of the balance in the Treasury, and of outstanding taxes, on the Ist of December. 1847, over the same itemson the Ist December, 1846. This calculation shows, that' the revenues as sessed arid accruing within the financial year, .end. ing on the 30th of November last, were not only adequate to the demands from the Treasury, with in the year, but exceeded them by the sum of $302,404 50 as above stated; and if to this sum be added the amount of the debt paid within the year, to wit, $160,627 49., we have the sum of $163,032 01 as the excess of the revenues accru ing within the year. Over, the payment of the in. terest on the public debt,' the expenses of the gov er,,Tr,;r,s ntitPe ordinary demands upon the Thtr erfa-cta a +it, • ( 1 . - aging view of the 6.4.,:ces of the State. It is '.:/•'..:eneernent of the Inter nal Improvernentaysteu.,,woat the permanent reve nues; accruing within the year, unaided from any other source,. have exceeded or been equal to the demand, upon the Treasury. It is tn.°, the interest upon the funded debt and other claims epos the . Treasury during the two preceding years, including the payment of a portion of the public debt by the Cancellation of Relief Notes, were punctually paid ; but, in.doing this, the balance which had accumula ted. in the Treasury on the Ist of December ' 1844, by the previous suspension °nitre payment of the in tereet on the .public debt for Iwo and a half years, as well *tithe amount of tugs then outstanding, were diminished each year, until the last; its is particular ly explained is-my annual messages in 1845 and 1848, to which you are respectfully referred. An estimate -of the ,receipts and expenditures of the current. year, Made with much. care,. and upon consultetion. with the other officers of the govern meet;is hereto appended, by which it appears, that the estimated amount of receipts into the Treasury, from all, sources, for-the financial year, ending on the 30M,Npviember,1848, is $3,921,900.00, and that the estimated umlaut of expenditures for the same period,liretaidfng the cancellation of .$200,900 Re liefalotes, is, $3,567,390.00 ; which exhibits an es timated , exceu of receipts over expenditures, of $345,510.00; to which add the estimate for cencel- :41 -0, 1": ' R"_" 20,000,000 00 931,0'64 •00 3.51,956 43 9,948 38 .zre , c -:- --' • . • =EI ~;V,r;_ - --.7Astt-retamPi- I lation of Reliefficitee, which are a part of the pub lic 414' (.200,0900' and wei, Lave the sum of $546,- 510.00 as-the' estimated a ssess of receipts of the eurrent financial year. ending on the 30thi,Npsem bar ; next,'overlthe pkyritencot ihe-•ihterest on-the pntill.debt, end the current dem,axid Oporsthi'Trmf; These estimates, . when taken in the etgregele, I'eotisider ehtirely•sale anti reliable During the lastfew years; the, actual reahltatiatie been , mole favorable-to' the Treasitrujr.than Were anticipated' by" the estimates.' Notwithstanding the extraor dinary'firiods which occurred during the past year,'' the:consequent damage to the public works, and the:interruption of the trade upon them, for about two Months, the, tolls taken by the Collectors, within the year, according to the report o( the Canal Commissioners. amounted to the sum of $1,581,573 87, being 286,081 lr more than was taken in the preceding year; and' exceeded the estimate 'made for the last year near $100,000. Hadno unusual interruption of business occurred, the amount taken would certainly have reached to,ijbo,poo. The estimate of the Canal and Railroad Tollir, for 'the' , current year, is $1,700,000, which there is geed reason to believe is rather--below Venn above the amount which will be received. The expenses of repairing the damages to the pnblic workshy the floods of the past year, will princi pally fall upon the current year. They are, how ever, included in the estimate of the expenses of the.year, and will not affect the results presented in the preceding , calculations. Tfie amount of Relief issues in circulation on the: Ist of Decembrr last, was $931,664; of which POW 'were cancelled at the Treasury, oh the 31s( of December; leaving $881,664 still out standing. The means of the Treasury, it is believ be adequate to the cancellation of the whole amount now in circulation. la ithin the pres entind succeeding year. Many of them are so defaced as-to be almost ille„.ible; and are unfit tor circulation;—besides, they vitiate the currency, and furnish an excuse for the use of small notes froM otherstates, in violation of law, and lessen the the Circulation of gold and silver among the pro ple. Justice to the public creditors, who are com pelled to receive them, in payment of tbeir interest,l when they are-below par, as well as to the people at .large, imperatively demands that they should be titken out of circulation, as soon as practicable. I therefore recommend the passage of ahaw, al lowing such of the banks as have issued these ' notes, to fund them at a rate of interest not ex cee4ing 6 per cent per annum, payable semi-annu ally) and that all the surplus means in the Treas. ury, beyond the payment of the interest on the putliC debt, and the current expenses of the gov ernthent, be applied—to the redemption or can.• cellbtion of those that may remain in circula tiod, as they come into the Treasury, and then to the payment .01 the amount funded by the bankers., The resources of the Treasury will be sulficientl to cancel' all that may be received in payment of dues to the Commonwealth, and to pay the Banks the ,amount funded, within two years. By this' proces.s, shout& the Banks agree to fund any con aiderable portion of them, they may all be taken out, of circulation within the present year, It mast be urged that, as these notes do not now - bt.ar interest, they ought not to be converted into a 'debt, on which interest will be payable. This, however, is but a superficial view of the subject . There is no longer any excuse for a continued violition of the public fault, by the payment of Ithe public creditors in depreciated currency ; and the small amount of interest, which will have to be Paid, if the banks agree to fund a portion of i these notes, will be more than compensated by relieving the character of the State from the con tinuation of this act of injustice; and the People, from the losses incident to a depreciated circula tion: This currency had its origin in an evasion of the Constitution, and ought to be blotted out of remembrance. It may now be safely assumed, that we bays reached a period in our financial history, when the, permanent revenues of the commonwealth ex ceed annually, the interest on the public debt; and the, ordinary demands upon the Treasury, by at least a half a million of dollars. And the excess it-is-confidently believed, may,by a judicious re vision and amendment of the revenue laws, a pru dent and economical course on the part of the leg islative and Executive departments of the govern ment, and the faithful management of the public -works, be 'augmented in a few years, to . one toilliOn of &Aare, as a sinking fund, without increasing theburdens of those who now pay their taxes, are a full return and fair valuation of their taxable property. This sum, applied semi annually, to its accruing interest; to the redemption of the 5 per cent State stocks at par would discharge upwards of 0,15,400,000 of the debt in twelve years; and 'rieiluce it, at the end of that time, to $23,000,000. It is'believed, that all the relief issues, will re deemed and cancelled, by the year 1850; and if the-operations of the sinking fund are then corn meneed on the funded debt, the result, thus antici pated, will be realised, in the year 1862, at which time, there is good reason to believe, the nett in come from the public works, will be more than stiffiient to pay the interest on the balance of the public debt, and then by relieving the people from all Inrthir direct taxation for this purpose Scime may view the proposition as visionary and. delusive; but I regard it as entirely practica ble, under a wise and prudent administration of the officers of the state. The augmenting trade upod our public works, and the consequent in crease of business in our commercial and mann factitring cities and towns, and the increase of population and taxable property within our limits, cannot fail, under a proper enforcement of the revenue laws, to add to the means of the Trees uri,every year. If, however, this great object is to be effected, the public revenues must not be diverted to other purposes; and the most rigid economy, and the strictest accountability of the public agents must be required and enforced. It is among the first and highest duties of those en , trusted with the administration of the government, to'adopt the most efficient means, under existing circumstances, to increase public confidence, and gbard against the good faith of the State being ever, again called in question. To 'educe the pub lic debt, and relieve the people from perpetual taxation to pay interest, I therefore feel impelled, by ,tr sense of duty, to renew the recommendation contained in the last annual message, which is in these words connexion with this subject, I respectfully recommend to the General Assembly, the propri ety and policy of proposing to the people an am mentlment to the Constitution of the State, tinder the form of the 10th article, of that instrument, by 'Which the income from the public improve• ments,!ifjer deducting the necessary expenses for repairs and superintendence, the revenue arising froth the State tax on real and personal.property, for'a certain period; and such other items of in corrie as it may he deemed expedient to include, shOld he. set apart, and sacredly pledged, for the payment of the interest of the public debt and the gradual liquidation of the principal. Such an a mendment, judiciously arranged, would, I appre hend, meet with the decided approbation of the People of the commonwealth. It would concen trate public sentiment upon a fixed object; remove all:doubt of the fullness of the public credit; and lay.the foundation of the final extinguishment of the publicdebt. It would give one additional se curity and asrurity to the people, and to the pub lic' credi•orr. that, in no event could the public revenue be diverted from its legitimate object; and would furnish conclusive reasons for the prompt and.cheerful payment of the taxes." The inequality of taxation, arising from large quantities of property subject to tax, under,exist inglaws, escaping assessment, and the unequal va luation of that which is assessed, continues to be a subject of just complaint. I am well aware, there are iuherentditficulties connected with the subject; but still', the experience of the operation of the system, and the defects which have become apparent, will point out some remedies for these grievances, which exist, and which should be adopt ed.. I therefore, most respectfully invite the rated. tiOn of the General Assembly, to a thorough ex amination of the subject. Whatever just amount front taxation one man escapes, by evasion or improper exaction of the law, is an imposition and trend upon his neighbor; who makes a full return of his property, and pays a,tax upon a fair valuation. ," there no subjects more intimately connected With, or whicirhave x more direct influence upon, theinteresis of the community, than the currency and banking system. There is good -reason to believe, that the prosperity of the people of the United States, particularly those connected' with f ~Lsa+'Y.:.. ~ 6.~"j.44-;cf'SF7.G~' •T i - i, - ; • -i, ,!...• ' :_'.. ' . .,4 % T 6~ 'i' ~ -_ . . ... ~.... .. the !grin the rnm , tne.n, of graiq. an , modificat mercial gteatly aiigniinted; joithour eireitint injuriously "se far es an imfortrittl, anyof the great menu. featuring interests, or 'oth.er,industriaVpursuits of oor'peop • . Other auaes, in 'combination with those alluded ,to, have .roduced a large influx of specie into the United States. dining the past year, which has gone intd active circulation Among the-people, or found its i'vray into - the vaults of the banks: The increaseof the preeinui meals; while it should u dispense,lin great degree, with the useof 'paper curreitcyi has a tendency td increase it, Venlarg mg the.nreans of the banks to extend their issues. The effect, of which, if 'encouraged, .will be, to is ptomote Peculation,'end over action in every de. partmentlof business ;"and thus make the present substantial prosperity of the people; the means of I producini adVersity and depression 'The opera lions of the Constitutional Treasury; have had, and no doubt will continue to `have, a most salutary influence in restraining the tendency to - ems:sive banking, '3y , keeping the public revenues out - of the vaults of It he banks; and compelling them tcilie prepared to redeem-their notes, and furnish , specie to, meet the wants di 'those who have customs, and other dues, to pay to the-government. Although the restraining influence of this great measure upon the banking syitem, is most bene. tidal, still it is not dissonant with the necessity of caution and prudence, on the part of the States, in every; thing pertaining to banking and paper citculaticin. Moderate discounting duties, with a sound cur rency, limited to the specie standard, may be re garded as a natural-and healthy condition of a country, by which the just rewards of labor are secured, and all the great interests of the people are advanced i while high duties, and a redundant paper currency, operate as unnaturalstimulants, and create apparent but delusive prosperity. Nothint can contribute so much, to the main tenance of our present prosperity, as a sound cur rency. Pennsylvania is rich in productions , of almost every description, required by the wants of mankind ; and nothing is necessary to make her people the mast independent in the world, but a , ' proper regard for her true interests. To advance these, she must not be seduced from her devotion to sounil principles, by the artificial contrivances of false economists, whoseselfish theories are as ' delusive as they are destructive of the public gool. The present is a most piopitious period, when there is an abundance of gold and silver in the country, to make a determined effort to increase its circulation; and secure to the people the cur rency u•bich the wisdom of the framers of the Constitution of the United States provided. In stead of creating new banks, or increasing the capital of old ones, our efforts should be directed to secure the solvency of these which already exists; and thereby render their circulation sound and reliable. Impressed with the force 'of these car siderations, II am convinced that the increase of the banking !capital or this state, would be unwise and impol itic; and I respectfully recommend that, before any cite of the existing banks is rechartered, a searchingscrutiny be instituted into its affairs, its !management . its credit, andits means; and if it ' be Jon rid t hat its note; hare beta suffered to dept relate, that the arcammodations hare been bcatowfd upon Ifarm ites and large speculators, and dealers in money, instend of being diffused among moderate and safe ! customers,. that they hare at one period, eneoiraged Isperulatiems by their crress, l and at another oppress. ed honest industry, by their contractions; in short, Ithat the legitimate objects for which their privileges were granted, hare not been by fair, faithful and ijmliriosis management, aceumplished; then their char itera should be suffered to expire by their own limitation. The discontinuance of such institutions, will pro mote the public good, and •Will be hailed with op. probation by all- but those who for private gain. wrested them from the purpose for which they werce.stablised. - This:policy, so just towards the public, while it may, tb a moderate extent, diminish the present amount Of banking capital,' will strengthen pub lic confidence in the banks, and add to the stability land soutubtess of the currency,. And,ns it may also increase the profit' of existing bank's, beyond a just compinsation ter the stockholders for their investment, and as the excess of gain is derived from the Privilege conferred npon them by the Legislature, 1 recommend, that the tax impos ed by the Act ht April, 1835, upon dividends ex. ceeding 11 percent perannum, be increased. While the inducement tip excessive ,banking will be tea sonably, Checked the incre ase of the tax, the fi nances of the State may be, to some extent, im proves!, and. the public well'are promoted. The pidicy indicated, will lead to a rigid execu tion of the law prohibiting the circulation of for eign notes, under the denomination of $5, as soon as the balance of the Relief. issues are cancelled. This will be a positive advance in the improvement of the currency, which shoal be then followed by a law, prohibiting =the circulation of all notes be low the .denomination of $lO. The channels of circulation will then be filled with an abundance of gold and silver; the public secured against the chances of toss by broken 'banks and depreciated currency ; and the way will be opened to such further impro vements. as': the real interests and conveniences of the people. may demand. The cautionary enactments I have suggested, can not fail to increase, rather than diminish the amount ofa sound circulating mediate, fully entitled t) the public c t imfidence. The effect will be, to bring the specie o ;the conntry into active circulation, to fur nish the ' l people with a substantial currency, that, cannot be impaired by bank failures, and to restrain the tendency erase banks to foster extravagance in times of rpriasperity, and check the means of opera tion in a time of adversity. A theory has-been advocated, and put into pine tice, in some of the States, called FREE RANKING. It is based, in part, upon specie ; and part upon State Stocks, hypothecated with the government. In oth er words, banks become the creditors of -the com monwealth, by purchasing her bonds. These are deposited with the government, and the govern ment priorses, and returns to the banks, notes pre pared tlbr circulation, to an equal amount. 1 can perceive no grounds for confidence in this system. It must explode, in a country where it is adopted I to any considerable extent" whenever a revulsion occurs, to test ifs stability, for it is a deviation from true principles. Sound and•safe banking, can only be based and conducted on money—gold and silver. Neither , individuals or banks can lend that which they hare not; and' if they lend credit, in the shape of bank) notes, without the means to redeem them in goldl and silver, they commit a fraud upon the commonly , ; as they.' lend and put in circulation,! that which is not money, nor tho representative of money. If this system of Converting State Stocks into banking capital, and hypot4acating them as a se entity for the payment of Sank issues, were not a delusion. mortgages:upon real estate might be used for the same purpose; which would afford an equal, if not a better security; for' the payment of notes; and by this process the whole value of the real estate of the country, might be converted into banking capital; and the people into a nation of bankers. This proposition shows, that the whole scheme is illusory and unsound. I:reeil3ankihg, in its legitimate sense, is the right which every matt ehjoys Of lending his money to whom he pleases. It is the exchange of money for scourities; to repay 'with interest. It involves no fictitious increase olvthe circulation; but may . be carried! on to an indefinite extent, without affecting the currency. This ietheyree banking which hal, at all times supplied, and does now, the wants of a large portion of borrowers; and commends itself to jeneral confidence, and itpproval, by its simplic• ity, and.adaPtation to the circumstance.s of the pea— ple.. The policy-of incorporating mining, manufac turing,l transporting,.i,rother • companies, fox purposes appropriately whin individual . cOmpe.. tency, lute been fairly discussed ; and, guided by the unerring demonstritions, that these enterprises are most successfully and,beneficially conducted, under 'the control of individual responsibility; the public opinion has .lben expres'sed on the spirit of .the age in whieb we :live, against the policy:, While all the great departments of .business in the commonwealth are -proisperously conducted, under free and equal competition, there are yet some rnen who seem' to stand .still, while the world is going onward around them ; and who cherish the antiquated notion, that the timid, con tracted land selfish aggregation - of - weetth, under the protec:ticin of cerporate piTvileges, is preterit: ble, ble, fol the transaction of business, to, the free, ",. "j‘ •ltural interireis,tias.,been promoted by al, on this , par ofAbP!ritisli ,povern -Ihe high.`,daties‘,.upais-04r...e40rts of d other•egriculturat : pralue,tignifrand the lon - of bur oven „tariff, byvvbich--the cow ch angel kir rhe'tin countries- hive been „ . .-4 0,44-4 7: 14 1 iffilini ardent, and bounding capabilitjes of individual enterprise—a power which,sinieFrimasc,PSNN arrived on this shore,lo%.l6B2,'has changed ...an ,immense.wildernesa into fruitful ,fields, md.bas, in this march of civilization antimprOvernent; pro vided for the viapts)the - comfort, the ediicition and refinement of two millions of tree-people;— What have Corporations dOne; in.this- great achievement? - Where- are'-the trophies their generous spirit, their valor, or their,-utilityi They are behind the times ; = they belong to• au age that itilnist. The time was, in other countries, .when all. the - rights of the people were usurped by despotic governments; when a grant by the king; to a portion of his subjects, of corporate privi: leges to carry on trade, or for municipal purposes, was 'a partial enfranchisement; and Made the means of resuming some, of their' civirrights:— Then and there corporations had merits, and were cherished by the friends'of Liberty. But in this age and country; under our 'free eystem; where' the people - are sovereign; to grant special privile tes, is an inversion of the order of things. It is not to restore, but to take away from the people, their common rights; and give them to a few.— It is to go back to the dark ages, for instruction in the science of government.; artc,, having found an emample, to wrest it fiom its original purpose, and to make it the instrumentality of. restoring the inequality and despotism which its introduc tion tended to correct. The fallacy, that, where large investments are required to carry on a - protfiable business, (and corporations- do not associate for that which is utipro6table,) indivfilual means are inadequate— is every where refuted in this ha'ppy country. Further, by cherishing any particular business, and surrounding it with special privileges, the natural law, which secures to every branch of business, its appropriate encouragement and re ward, is violated, under this law, so kindly provi ded by Hiewho rules all things, every individual man, untramelled by the curses of bad govern ment, guided by his moral and intellectual powers, and his religious principles, advances his own happiness and condition, and thus the prosperity of all are promoted. Every effort to modify or subvert this sovereign law, by placing classes, pro. fessione, or callings, beyond its control s has hith erto, and ever will, like every other transgression —be destructive of good. If our free institutions are right, if it is right that all men should be held equal, if this is the law of our nature, and stamp ed by Him who made us, then every human law, which impairs this equality, is' radically and in trinsically wrung. The report of the Canal Commissioners will furnish information in detail, in regard to the pub lic works. Notwithstarraing the interruption of business during the year, the gratifying result is presented, of a large increase of tolls over an j preceding year. The increased and increasing value,ot these great works, render them an object worthy of peculiar care and protection; and must forever negative the idea of the State surrenderin_ the control over them 'to a corporation. The Pennsylvania Railroad Company have commenced the constructian of their road between this place and the city of Pittsburgh, under very favorable auspices. The Eaitern division is now under contract as far as Lewistown; and it is expected the remaining portion of if, as far Hollidaysburgb, will be put under contract during the ensuing spring. The completion of this great public work,even tQHollidaysburgh, will augment the trade and travel upon the Philadelphia and Columbia Road. This prospective increase, of business urges the necessity of considering the best means of avoiding the inclined plane at the Schuylkill. As the Philadelphia and Columbia Railroad is the important link which connects the main line of our public improvements, as well as the North and West Branch • Canals, with the commercial metropolis of the State; and upon the control and management of which the value of our canals mainly depend ; every thing that relates to it is of the highest concern, to the interests of the Corn. monveealth. In adopting . measures to change its 'route, so as to reach the city without passing the inclined plane, the greatest circumspection and care Should be observed, to secure the best location practicable; .and to protect the State against ex. horbitant claims for damages. No change of lo cation should be sanctioned, until the : whole ques tion is carefully examined, by one or more of the most competent engineers, who are entirely free from all interest in the decision. Under no cir cumetances, should any plan or arrangement be entertained, by which the State would, for a single moment, be'deprived of the ownership and entire control' of the road. The`Reports of the Auditor General and State Treasurer, presents, in detail, the financial opera• tions of the year; and 1 take pleasure in saying, that the industryobility and fidelity, with which their departmenis have been administered; are deserving of the highest commendation. The commonwealth has heretofore sustained many losses by the delay of the-settlement of ' accounts, and the omission to enforce the payment of the balances found due when settled. Within the last few years, many old accounts have been finally settled; and suits brought and,prosecuted to judgment and execution, on balances of long stan ding, embracing the terms of several adminis rrations. This has, in many instances, produced cases of extreme hardship, upon bail, and men ‘vho have been compelled to pay the balances toilful due, with theaccumulated interest,after the insol vency of their principals and coe suret os I am grateful in being able to say, that the busi ness imposed upon the accounting officers,_by a special act of Assembly in collecting these -old debts, Listi'not only been faithfully performed, but that the current business has been promptly atten• ded to, and kept up. To enable the Auditor Gen eral, however,to continue to do full justice to the interests of tile State, and all concerned, in that prompt settlement of accounts, liberal privision should be made to pay additional clerk hire. • While on this subject, I would respectfully invite attention to the organization of the offices of the Auditor General and State Treasee, to ascertain whether the regulations and checks existing_ are sufficient,in all respects, tosecure a proper aegobrit ability, and protect the interests of the common wealth. It is true, that the public has, for many years, sustained no losses; but I apprehend that the faithfulness of the agents having charge of these departments, and not the checks provided by the law, has produced this result. This' is a propitious period for instituting an exammination into the subject; particularly as the present worthy offireos•hold so large a share of the public cone dence. Since the establishrnentot the present sys tern, the finances of the State have increased from a few hundred thousands to nearly . four millions of dollars anuagy, and many of the regulations and cheeks which were then considered sufficient, may now be inadequate to protect the interests of the Commonwealth, in its enlarged and encreasing financial operations. The Auditor General's office, to be an efficient check upon the Treasury, should be so organized that the Auditor General might know, at all times, the condition of the Treasury, from the books of his own office, without being dependant on those of the Treasurer. If errors or omissions exist in the Treasury, the Auditor General's books should detect and correct them ; and this is not the case, under the present organization and mode; of doing business in the two offices. It also occurs to me;that greater security against the misapplication of the moneys in the Treasury, and on deposit in the banks to the credit of the Treasurer, should be provided, by the institution of some checks-upon his drafts and payments. The moneys of the Commonwealth on deposit to the credit of the Treasurer, varying in amount, for some months in the year, from four hundred thousand to nearly a million of dollars, are sub ject to his'draft alone; while he is only required to give security in the sunt.of $50,000. Thus, • very great and dangerous poiver is confided to one man; . . I therefore suggest the propriety of requiring the Au litorGeneral to countersign all-drafts fort paymentol money drawn by the. Treasurer, on the\ depositories, or for transferring moneys trim one depository to another: The report of the Adjutant. General exhibits the number of the militia of the commonwealth, as well as the arms and military stores. This detail shows the elements of the military power of the rommonwealth, and the strength or a republican government; and the experience of the last few years has added proofs to the value sof this 'insti tution ; and presents the subject, as one of great' iritpottance 'to the care and supervision of:the Legislature. • - IMOI :.,:~~., MEI Tho Report Of : the Superintendent of. Comm, Sitioc4exbibits a' full - view of the progresslt' oiimpietnent of our admirable system common schoolinstruction; ivbicli is diffusing blgssin9 iri'lhe rising generation ; and strengtbel I all ourfree institutions. The man who loves . - race; Cannot find a more delightful subject of con. remplaticin, than this universal provision for tyre education of all the children.ot the commonvveilib, andibtis arming them with knowledge and..power, and fitting them for maintaining the rank lAA dignity'of freemen. The perfection of tbe syst4rn is one of the noblest objects of legislation; and -will secure the early and continued.attention of the General Assembly. You are respectfully reerred to the -Reportiof the Surveyor General, for information in relation to the Operations" of the Land Otfice;during past year; by Which it will be'seen, that , the re ceipts into the - Treasury from that source s have been increased. En , ' The Enal geological report, now _finished nd ready for the press, has been deposited by: Henry D. Rogers, Esq., the State C•eologist, -with the Secretary of the Commonwealth. This report! is represented.to contain a general and scientific view ! of, all the rocky strata and their contents, their br- (lir of arrangement, and the region of county they occupy, and representing, in detail, the !is u-. ation of every layer of coal, every important vin i i and bed of iron ore, and every other mineral e..:' posite of utility, within the State. The State as expended a large sum, in collecting the materials and information contained. in. this. elaborate and extensive report, which will be in a great — de ree lost, unless it is published. L. therefore, .rec m-. mend the subject of publication, to the early at -1 tention of the Legislature. 1 . . . . The rights of property of married women pres nt, in my opinion, a proper subject of legislativeconidd eration. By our laws, the hutband, upon mare e, posetses the power of becoming the absolute: o wner of the personal estate of his wife, by reducing it into possession; and when he thus acquires the owner- ship, he may dispose of it by will at . his death,i to whom he pleases. She has the privilege, by law 4 of renouncing the estate, or the property,; devised{ or bequeathed to her by will; and upon such renuncia tion she is entitled to dower of her husband's real estate of whist! hedied seized. The wife has l iti rol cont of her : own personal estate;or of that of et husbind, during the marriage; ufiless it be au eitoi ted allowance for necessaries; and, at herdealk, he has no power to dispose of even that which wa* er own, by will;, but the whole , belongs to the hushds .. The husband may encumber his estate by contrita t ing debts, without the consent of hie wife; anfrupon his dying intestate, she is only entitled to one . third of thepersonal estate, and aide' estate in one third of the real estate', after the payment of all'the deta; ffi and, if the estate is not sucient to the paymen of the debts, she loses all. But the wife cannot en cumber the tell estate she holds in her oRn ri ht, and upon her death the whole vests in the hush husb a nd -- during his natural life. The polibyas well as the justice of the dist, tion madeliy the law, in favor of the husband, ..u. , ..._ ..., in savor of the husband,nt. against the wife may well be questioned. be , liberal and enlightened spirit of the age, has d e l el. oped and secured the rights of man; and has rede.m.. ed woman; and elevated her front the degrading po ,ition she 01 ce occupied, and placed her.where she, alway. 4 should h - ave been—at the side of her hus-, band—his equal in rank and dignity;—then Why should her rights or property still be, to a-''great.l extent, controlled by the contracted and • illiberal - 1 enactments of an age, when her husband - 'was her I lord, and • he might chastise - her by law, as _if !she' were a servant? Our law very careftillyprOvidetyl that the husband shall not,without the fortriel'.eoti- I sent of his wife, convey his real estate by deed, so as to bar the right of dower; and if this conse tis not given, her right is protected., after his death; against th e claims of his - crediters. • ow if this be .a sound principle, and, Worthy - of the solemn sanctions it has received from the legisla ture, and the judiciary; why should it not heextead ed, so as to preserve"to . the . widow her dower,l in all cases where the husband has not only by deed, , but by other'means, (sanctioned by the lawir,) Oil nosed-of his real estate, without the formarionient of his wife I If the husband contracts debts, his a- - e estate less .effectually transferred by. the law, for the use antis reditors, tie • iThikhad. conveyed i tby deed with the ,consent of his - wife. Thus the aw; ,at present, enables the husband, by one mode of transfer, to bar his wife's dower, without her con,: sent, while it protects her righk with, the greatest pertinacity, if he adopts another _mode of transfer If the widow's right of"dowev.istoodle-one.ciae, as is• uniierially admitted, it.is equally' as good in the other; and the power orthe husband to take it away, by changing the mode of transferring the i es tate, is destructive ot" i sound and well established principle; and_ should be remled. :This concha- lion appears to me to be irresistable4 and I there fore recommend the paisigi or i law,' securing to, married women their right of dower, in all cases where the estate' of their husbandssare train& il alter the act, without their formal consent. In the annual message, to the Legislature' a .the i t r last Session, arid in several messages . contai nin g objections to bills for dissolving 'marriage on 1 tracts, I have expressed my . opinion upon the , subject of granting legislative divorces. T hese opinions have• been strengthened by further re ec tion ; and I shall adhere to them. The great purpose 'for which the law. ma ing power was established in the commonwealth have' been accomplished. General kits had been eilact ed (and they have received the approbation ol the people) for preserving the enjoyment of the life,' the liberty, and reputation of the-Citizens, and for protecting them in the acquisition and teansmt. ion of property ;' and in the pursuit-of their own aft- T piness The foundations of good , governmen be- 1 ing thus laid, the time of the General AssemblY, at its annual session, is more occupied in prOviding 4 for the contingencies that arise, in theprogret as our affairs, than in changing the organic laws ; is attested by reference to the annual enactments of the' legislature. For some years past but Jew general, while a large number of local laws have been enact- ed. The tendency seems to be, to substitute.specia, for general legislation ; a practice which may yvel I be regarded as of doubtful utility , ; —and it presents a question, which, in my opinion, deserves great consideration. General laws, affecting the Whole community, -recei4 in their discussion, the delib= l erate consideration of all the people. That which interests all, arrests the attention and securee the' care and close investigation of all. Hence,lgen.l eral laws have inipressed on them the wisdom, the experience, and the judgment of every Mem ber of the legislature. Having received this delib erate sanction, they usually meet with the tif.pro batiori of the people, and become permanent 'rulesi of action. This reasonable practice limits Land simplifies the questions submitted for legisl ative discussion; is calculated to shorten the ses_iiiens; l reduce the expenses of government; and givc dig nity and importance to the proceedings .or the General Assembly. On the other hand, local legislation excitia no interests. A few members only, who represent the country, township or borough in which the change 01 the law is proposed, are. concerned in arranging the propositions; and, being too !often missed at their request, those special acts are' l sent forth, with all the imperfections which all, the wisdom and deliberative care of the whole body, ( if they had been general laws,) would have corrected. The direct tendency of this practice is, to multiply the demand for local awn, —a demand which has increased from year; to an alarming extent, and Which no industry cif the Generassembly will be able in the limits Of an annual sesiion,to satisfy,i f the practice iscontinued. Is it not impracticable, in a great State like Penn sylvania, to provide special acts, to, meet all the different and changing -views .of the citizens' of every botougb, townshipoind county; and if this were practicable, would not the policy ®f este!). lis6ing an infinite variety of different rules, for the same people, be exceedingly questionable, and ,be introducing great confusion and Uncertainty Would it not defeat one great and beneficial object of 'sound, legislation, which is permanency of the laws? Is there not true wisdom and sound policy in pie. serving and strengthening the unity of the cam. monwealth ; . and maintaining uniform interests,. customs, and habitet :It is true, there antshades of difference in the . condition and local arena': stance of the citizens of ,;eparate districts-of the State ; but in an ad vancingand improving country. *here intercourse is so . ditect, and the curial rola-- tions of life are so generally diffused; - these are gradually and certainly diaappearing, 'under ,the 'influence of general laws. We are one, people; without reference to our ancestry; of. the place of 'our birth. 'We are all,Penniirylvarrians;- We have the same constitution for our government—,the saine common rights—and why should we: not have the sante common laws-1 ' . ,In conclusion, permit me to ilintlier,you, gentle-1 men, that 1. shall most heartily co-operate' with you, in all your efforts to advance our beloved r ; Commonwealth; and to promote the welfare of the people. - FRANCIS R. SHUNK. Exacuriva Cusxa zit, Jan. 5, 1848. co• Tie Democratic citizens of Harrison coup; ty, Ohio, in general Convention, on the 23tit passed a resolution declaring that Gen. Cass. was their first choice for the Presidency in 1848.-- The same Convention passed a strong resolution against the Wilmot Proviso. Q} At the annual meeting of •Widtiigton Fire Company, held on Monday, January. ; 1848,' the following pervona were duly elected to_ serve for the ensuing year:— President—J. G. Ml'linen. Vice President--John Akins Serrerary--Jas. Lockhart. Asst. Secretary—B. Barrett Treasurer—Joseph Crait. Delegates to Firemen Association— J.. J. Binning, Joseph Craig, C. P. IVhistoo, J.G. hildinais, and D. C; M'Kee. Captain -4. 3. }lnning. • -, , - • Ist .Lieutenant—D. C. fitiCee. 2d tio, H. Craig. ! Ise Engineer—H. Curry. 2d d 0.,, Br Pairett.... 3d do., D. Smith. 4th do., Hiram P. callow. Ist Hose Director-4ames Lockhart. 2d do., John Whistori.. 3d do., .G. Shatitnit 4th do., John Whitfield. - ' • Armes—Wm. Hines; John Josenbans; •• Wardens--John,Montgorilery, G. L. M'lntyre; Satriuel Mitchell, John Shuff, and Richard Dailey, j'res't. H. CRAIG, Seey DIVIDINDS.—The Seventh Ward Bank, of New York, has declared ,a dividend of .three and a half per cent, for the last six months, payable on the 3d January. ' The Pbceoix Bank has declared .a dividend of three and and a half per cent.for the last air mouths/ payable on the 6th of January. • The Bank of Metropolis, Washington, huts de clareck, dividend of three and a ball percent. tor' the last six months. The New Jeraey Inatfeal . ..cyOya:Apaay ,bias de clared a aemi•annual dividend:A . l;4re per cent., payable on and after the 4th of,lii.F.in47. The Paterson and Hudi4m. :Ri*rAtilltnad Com parry bare declared it:Aintietid: - cd fottr.per eeptp fir the last six months. • Death of the Rff). Waller M. Lowrie—The Rev. Walter bt. Lowrie, an :„American missionary at Ningpo, a gentleman of eminent attainments, has been cruelly murdered id the Chineae seas by pi rates. The reverend gentleman tooli his passage in a Chinese boat from Changbac to Ningpo, and during the voyage, was cittackrd by a p ratieal vessel. " At first, it would - appear, that the pirates only meditated, but fearing that Mr. Lowrie might bring them to justice. they resolved to throw him overboard. Two of the ruffians seized hint for that purpose, but not being able to accomplish - it, s third joined in the murdeious attack, and they succeeded in throwing him i.ito the sea - Aithe waves ran high, though he was seen• two or three times, he soon tank to ri e tto mole. - Mr. Sullivan the, English cansul at Ningpo, proffered all the assistance his official station enabled bun to tender, and steps were taken to recover the re mains if possible. Died, This morning at b o'clock, eftenalirizering illness, Amu: f. Lac, wife of /ohm S. Lee. The funeral will take place at 2 o'clock, tattier:. row(Thuraday,) front her late residence on Marbcrry st. Tl.et friends of the family ere intited.to **lead withatit farther notice. MASONIC NOTICE. . A slated meeting of ; the Fianklin Lodge, No. 221, A.V.Masons will be held in the Masonic Nall N. E. earner of 3d and Wood streets, at 6 o'eion.k. f this (Thursday} evening. By order of the W. M. Jan. 6tb, 1898. . JAS. lIARROP, Steel. OTTICE NAVIGATION AND FULL IN, co. r President and Directory of the Pittsburgh _ll.."Navigation end Fire Insrance Company, ba• e this day declared a dividend of Three flollars on each share of the capital stock standing in the name of individuals, on the Books of the Company, out of the 'profits of the last silt months, whichtwill be paid to stockholders, or their legal representatives, on or atter the.l3th tartlet. jan6td. ROBJP.RT Fl NNEY, On*:m en' snz Prrrssonou Gla W011.1«0 Jaonary 3c1,1848. - THVt Trustees of the Pittsborgh Gas Works have din day'declared a dividend of three per cell. on the Capital Stork paid in, wb . ch will be paid to Stockholders or their legal representatives, at the office of the works, on or after the 13th ibid. The holders °tonging stock who have not surrendered their certificates, as directed by City Ordinance of 28th Janet, 1847, will bn reqnirecito do so before the dividend on the same will be paid.. jan6-8t JAMES H. CHRISTY, Treas , r. EXCHANGE AT SIGHT, for the Steamer of the 15th, must be closed on Monday. thelOth inst.; also passage Certificntes granted as usual. JOSHUA ROBINSON, jans ' Fifth street. OFTICE or THE HAND ST. BIIIDGE. L 0.,) December 31', 18.41. rpHE President and Manager" of the Hand 'street I Bridge Company, in the County of Allegheny,. have this day declared a dividend of One Dollar and Filly Cents on each share of theca pital stock stand ing in the name of individn4s, on the books of the Company, out of the profits - rif the last six months; which will be'paid to the Stockholders, or their le gal forthwith. jans 3t WM. LARIMER, Jr. Treas. D YE.w(x)os-42 7 5 5 11 + 11 4, 1, e G h r i c f u p:l l Log a w o ood . ; •' • • 100 "‘ Chipped Fttstie; • i • 100 " Ground Camwood ; 1.." Just rec>d and for sale by . ' S. JLTAGNESTGCIC and Co. , • corner of Ist and Wood sea: • • _ Bbls Lard ; • ' . 0.5 i t Frosb Roil butter; • • • 66 6 Dried Peaches; • • • • • .2 '! Clover Seed; .just reed for sale, by ' • L. S. WATERMAN, • jan4 No 31 Market. and 62 Front st. ark Bbls Small White Beans, in store and for sale, UR) by L. 8. WATERMAN, jan4 No 31 Market, and 62 Front sta. THE AMERICAN FIRE INSURANCE COM PANY-4)ffice, No. 72 Walnut street, Philadel phia: Incorporated A. D. 1810—Charter perpetual. Insures Buildings, Furniture, Merchandise, :um} property generally, either in the city or country, against loss or damage by fire, perpetual or for lim ited periods, on favorable terms. • . John Sergeant, Samuel C. Morton, . • ; William Lynch, Adolphe* Perim, Thomas Allibone, George Abbott, • John Welsh, Jr., Patrick Brady, • John T. Lewis. ._ • ' SA MDEL"C. MDRTON, Pnaident. Psalters D. Jantvr.a, Secretary. Orders for Insurance by the above Company will be received and insurances effected by the under." signed, agent for Pittsburgh. GEO. COCHRAN, 26 Wood jaa4-3m For Xiawerleiass. • . The new and aabstantiall steamer AN DREW FULTON, W. H. Forrox, Man. - ter, re for the abcrre and intermediate pone, on Saturday,' January Stb, at 10 o'clock;A.M. For Freight or Fasiogr, apply on board, or to• dec3l . JAMES MAT. SHELL OTsTicits. " ACONSTANT supply of superior Shell•Oysrenri, routed or in the shell; also Game and every delicacy of the season, served up in superior style, at the sbortsst notice. • " BANK EXCHANGE, dece-tf Third et. bet Wood and Market et. FTWILLED CASHMERES—Reeeired _ E per Express, at A. A.Mesow It Cols 61 Market street, one of iop. Twilled Cellulite*. FMEMOS—Received .per express,. at c' 62 Marxet street, another invoice .. .of 10 pieces French Merinos, choice colori. • decl6 A; A.MASOM Ist Okiati Dlvldendi Dividend. Dividend. INSIMANICE AGAINST FIRE. 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Significant historical Pennsylvania newspapers