' \
fET..- ■ .._ - \
T*-| •/-•'•* "4
2 '. * i
;T .., ?..,-> —^„.., wa .. >-.■■< ------— -*r=K, —*
irffeii&tfallteg&r. - *» 5
m use.
~ ■
1 Alton
’"■■-viHirft iSSSMAO? :‘WX99IHiIW -
. • MWm*sCß»* THtTBT COMPAiry.
oonpAirrB *Dii.DiKo.
rKgfOt’Vt HjIIT lIIMT.
■ gnmmt o» mvmno* murnn iotikoocto
7f' ’ rat si, ism.
Mi lertMb EsptßM* Commli-.
ak««. MMtuct. Betoreed
>*J3to*%Ac. ~~~*T0,353.00 *
' '■ ■ -..■ assets,
AMo»Utw.~4Ul,tlO 00
Tmui>f«lnititr " ri V' T 3 ~
DMifiri fIT* 1 ""'* «®d .
• 4«M» OjOt»«r-...- 17,83 05
flirt rw torfi —*• “ r
- V rr ;.-. r - . - • , ... $275A53(«
• convened •aiUelSlh
nlHijii. irtfnrmlnrjiTT iii wero ritetcdDlßECTOßSfor
:• tWrt»*Cynr,Tl»3 : • —: •
•
4AwrtAarWUUden;U»Khiat l lB North Frost
Wlflim S*rtißC,',tt2S |*iß» ctreet. -
jaMwMom. Attonerf *od Ooanatttcr.
V Jrtn<MUrt*r,ttnaof wrigtrygimtarAOo.
X. Tracy. Amof Tney A (&, .QoMttnith’e Hall.
John R, HcCorfy, firm of Josw, White A llcflordj
Xfcoe.L.BiU<spfe,finhef OilUeplo A.ZeUcr. • r
Art B. Wtfa, drmof 3m. B. Smith * Co *
. JelrtßU-ThMMi «Scb corner or Setrath and Sauuictß'.
IMtiMlfcOoutov firm oTC. n. Gra&t A Co,
Tboata Fottw,22a Archatreet
CbMjjolUrkotCoroer Walmit rod Sixth atraeta.-
Jeak. JTKocßin, office 151 Sooth Fourth street.
At • «abarqqeg& meeting- of- the- Boerd OQALE3 C
IATHEOF mu <r»oatux*iil J- rwjlectairrMldcnt, end Hon.
mtpA»UKavtoft«UMßt>.
’•1 - • • JAMBS WftlflHT, gecretery. .
XbkpMipMT bu DISCONTINUED OOKAN MARINB
DBHi tfyß, hot SUanbnat HaU-Riskson Western
JUrentrtoiiec heretofore. ■ ■
. .J" . 'B. W. POIADRXTEIt, A^rnt,
; ' 1 • • N 0.97 Weteretrwet.
, Rwfetgfc droo Wre aad Marine tni. Co.
'•; • No. 96 Water: StreoL ;
1 -. \ii .* ; JMtis«;uaH,pA. -
;;v V. JlQBT.GAL'WAfc,Pnekleat.
- ALEX A lit Hr, Tjoe Treat..
t l)b KiiaslnlßgMunkUa.. !
■piWto l°“o“ 0 ■.
. AleO,ageJaaltrrtll -*ea-(Wg»&kAer<Ta the-Ohio -end
Mlmw9pM«ifW»ift&Aitrlfcamn*4aßii IHorfcieKiik ghp
•• i.T:c.-r. r-r-' < . •■! • • ••■ J
Artt&rmDartatkrt •
FtitJcfea Wed ittfeejc*ctf>fct«a exaatsteat vflhufetr ~
eU putiM... • -
i •
BobortGalwaj,. • ■'
' faMBIJ Ucf’^rkj'n.
I#. p, ,
Jok*r&otV
JiMlCMitaU,. • - ■
JMMillVfiulaaß, i
<**.%*«***, •■■■■.■ :'!
-- >y, ( mK . INSVUjUiCK,
v.-ii. 1 •• r n in
leHM&i'lßtail luoranre Company of
; k* >»Htnm>iiiA
Qp SaßCn, United or P<>fpcloA). Metchandlte, Furniture
r ; •■ 4i > toTown or:Ci«iitry. “
Ko. ;308 Walnui Street
£*rai!>sli?'92B<~AciKTs fiS.—Zornctfd u Inllowr
Rnt Mesm£*e& Imprartd City Property, wortli
{120,700 00
FgnnfcVTto tired Co's 6 par «&&t. Mortgage Loon, -
CTftflOflLfin* j - i. OO
Allegbn/OOBnIT 0 p*rcesLPenpa.’E. 1U Lun.. 10,000 00
Ftttiar£rateßaflJx»dCti>Btt>ck_~~~~_~.~.... 4fiOO oo
t BlodfrfcfUW|B*U—ca iUttal Inavnuiee Cb.._.. 19,160 00-
_ Bioc*.«f Ootttj Fin lacunae* 00.. n 1.090 oo
Scrip of Baodrjr locanae* Oocn|»ate«..^—. - 416 00
&HliKeoetnU*;bulM4« peper 62,111 60
BDOk'AccoaffitMcrDfd tete9«Et.ctc 3L3T.0 10
Onfc oab*»daaiHriß«ak.i.. 1t>.043 20
' *'• " . $252,405 SO
"' CLEW TTNOLKY, Ivm»Ul<mt.1 v m»Ul<mt.
•ttMTOUC :
Bjunsoi jttsptna*,
Bct*'rt-Bt*oa,
OUaiTiaclaj, ' - .
Wn. ILThomMoa, t
HiatMS. ***«*wo,•'
OLAcwmm;-'
JcfaHt-WomH, -
- H.iiOma, .
Ue*prtXb*a&, - :
a *-.w«gd,. v: . •. -
Jwm B.ff»oawA)
r , v - B. IK.
1 »p 3 ' ~ Wortt-«>it COT
tereb&nu’ imnr&nur To.^af-^mtnnhiii
wit
A»«pAB« frtdtd foyfc in wi tt>
. 4-. £33,43 SS
FttbncOsrjgo RfadU OQ the Ohio and Hiatimippi Jllnn nott
trfbuUrtm.,jMar*a aeolart low or by Rre.
dMfafrtul tb» yam of abe Sea, and Inland
_ f V'* 7 lC*nxatt<m''~n4 Transportation;-
VTbuV. Jhtli, Job* Q. tloiA£N*ts%Jobn M. rummy, D. J.
& f. tWltawr. Ham OnillAß, Iteq]. L. Wuolatno,
JotuiA. M»nti>n, Oluufet B,\Trt6trt, John 4. faltemn.
WH. v. ram?, tnm Won*.
! - E. F; WITHER, Tl« Prtddml
Ovum J. Eaccctary.
i; r»j /. j • 'Onu^’
BUger, Unb ft Co,MiU»<Mpfci»-
■ took. Margin ft Btidfc>t«t, do.
Tr%fi,too. ft oil ’ : • -do. '
- Tiainj, OiMvtli ft do.
r'.k+T. '' -; do. '••
•■. • Jwttoa ft do.
nsxsßuaan ornce, to/w wateb stoskt
POINI)KXXBK,At™t;^
firm iwswrane* Obmptny of
PBILJLP KJLPBIA
• v ISuurlc* W. Sucker, Adolph K. Borla, .
: > SuMdQtul,
Hart, Darid*B» Brown, -
•MortwjJD.Uwi*. . Jacob JUJimttfc, .... ,
Til ItaVaiiiir. i t ' MorrisTKtteraon.'' •* ; “ '
, „,_ r CTUJU.Bb H,-DAlliCKM^TrwfaMat,
• flusul U.’ Bx«C»i»,'SNit'twy. . J.l
TUsOaatpanjrooatftaMrtonalv tMorww^paranneot
•rlbattad, on property. (o town »sj
aoc&try,iMnr>t<*MK)Waß'ars.eoa«btcat'WUi] JK-cnritr- r
Tbt bnvo waenred a larg* contingent futui,
wrbtehrwttU Uwtr’Cß&dVinfS Proinftua*, aafcly lonotM,
aflbrA —*<■> nnttDtMi to Ito mniL ■
Tb» JUwrtaof tb»OoMi*ny,<ni January M pnfr-
UsfcwlagTa—tljr to tba Ad of A—oa»My. worn m follow*
Tte— ,v*7;.' r-A/T'":
kortM^t:— —1918,1 a ««■•••-
Ttftffcmy tofiea n
ftMV - —'.ffl.SWOO
U'||BoatlWi;i»ep?l«oc»lion,a period.erf tWMrtj*«»e year*,
hbay biw |«U npwarf* of Obo Uittion, Foorllandred
tbewnd Dollar* Cow** by flro, U*rebV affording 'rrldene*
of tt» admotag** rf Inwrwoc*. *« wall a*.their ability *n4
t with promptnoaa oil KaMlUfo* .
' i‘ Z'. , , ,j. oAii»iJK)i ccirm,A««ii, ..
' Qißco SonTh/wt cor..Wood and Third ata.
;-_Cft*tiHenta f I Bin ranee Company. '
JtowyarßtetHir Ckt »f ■ f¥n*uyl*an io,
■■■■■■' vttQ i ■" .'.V. "'7 ~ /' :
‘WM T O A‘t;CU * B T S B.
AatfeorbadOtpftal, OmUQUou DtdUn |1,000,000
...1—
T;. ' JA. 61 Hbtmrf lketttdi rhQ&Ulphi*.
■. ■ Vbolaranoeo on BoiWlng*, Vondtura, Merchandise, Ac.
i ■HMOUy. ;? ■?• ' *■*•'!
itataa Xa*tt»aea on OarpMiaad freights, to all parts ol
- tbO WOCM. .*, S’- ■”■■-' -■ ’•• '• ■• ’".i ‘
InlandißanraooaoHQoodo, Aa+l# Imkm, Blrata. Canola
M4lMdOairfca|oi|tooUportaof-Uia,l7okra; on iba nest
fcfe»oM>tgn»a,ecmfateP»gUh»acnrity.|,N
OSoBflltW«OOUiADAY't£oaMrl,r3*Ccr<l<rof De*l*, te.,
Philadelphia.
' felib, Importlti*
. nadgartfod Cottory Merchant!, Ho. -21 Worth Third
«tr«cL abort Htrfcoi,FfcOk! ~ v * i
JOftAfittvAT, 6t» ot So.
.: . laQaarry rtr«*t,PMla.. •< = -t >:
HHTABD V. HACJIKER, flna ef MtefcaHa *'KafneJ,
Importing gaidwaro Ifarr-hoto, gd.. WNotth Third
■ itrwMboraHataiFfcaai. :<■■■ ■■ v>i.-,:. . -.w
. tad GoaraMon Merchant*. Jfu 81 Markttftvahoir*
. . -CSOJIOB W* OOLLADAY, PwaHNit.
.' ttiinWa*P».goa*tar7«; • -<» •
Baliwin ftaUalßafetyiaiuraßcc Company
fifty Mi LrgUUiurt tfPaintyhdnia,
OffiflivS.Jfc Corner Third and Walnnt et|v • -
* PUHADELPma. [
Jf A ggyy Zl!fjiUliANpE3QuXmm Oaiyw, and yMghl
RJ*er»,C*n*U,
Ti^*—Tt-~a n»rr<.yr— | ia part* of tnallnioa.. - .
WIHMVfBintA2FC&3 pa ItothniHf. e>mr»HyW r
.■.Ml..B£i«ifc 3r‘ ---'---'' mi--''' 830*301.05.
; 38 # B0»<S0
Agwpt% PmnJom»ca';• .. i
JtettMfoßdMnM&tlyfMQAd, mod olh- . -r^A '- _
100,000 00
k
: WBUtfiOGdila,
■ wssra*
wun, 7 -
w«.,
.. .jfj.-. mos.i
• Ho.'
CUl*»u , lMßft»e«'CBmp’r «i- Fiusbnrili,
;r JM>»»wiI)UU urfQiijo lH**o«lih» Ohio »nd mi*
gg|lfio':, : l-“'
tVLACK. >
S lir'JrzjZ'- ' rL^ tf
,AJcusdur Bradley.
Joapb S.Loecb,
’ J<&a Vattertoo, •
Nalfcian T.> lUrt,
farld IL Chain ben
WnUttoCwr,
H'Oinlrr,
'Jobfc-ttQOI, .
' BwiiriT.-Tfai!«Xt
M*nh»unm,
Z. JaOaap,
.’.OmMurf,
- Jacoi* T. Banting.
Baith.Booth,
v ffn.M, Staple, Pittal/g.
: BINCDMAN, Mcnurr.
J. O. cuypm, Agent
•If fbMith) Woo) atroeU
nOME OFFICE.
-JOSHUA aOBWSON, Agsat.
$709,1853*
mi •
:Joßet&U*iid, -
TheopliDtu Pudding, .
June*Yrmqa*ir,“-',. -,
Wffll*siKfre,7fV ■! ' x
J. J.P^ultton, —
JbA a* F. 'Kyra,
Bamnel 8. fiiokre,
lUtiTT Stain.
Jianwß.ltfcWr)k.
fbomuG.Jbna. /
- Bobn-tpUIM, Jr, - •'■■
Jo6n BL Simple, PlUiffc
V3.9.Uk£T 11 «
kwi߻K3fan t
W^^^rtTNatftSbnf^hM'
.-•tiowtantr. -
.Western t&irafanoe' Cotnixmy
'» PmBM i-0 Hi -
-'GKORCTR DARStB, PraddeaL
T. M. >k '- -
oinCi)So.92 Wjlcfcitteil, (Bp»ug A Co.*i Warcboa*^,
Wm Insure agairnt aU kinds. of J Srta*4 Marine Ritks
A Home Jmttiutton managed Vj/JXrtdon. who are wdi
known MVu community, and who art determined, bp
promptness andhtmlitp, to maintain the character which
ihepkaotastumediasoffcriaglht batvrvUcUon t* AouwKs
O'sire tobeiaswred.'. , . . /'
ASSETS, OOTOBSt 80, 1868. •'
Stock AccunutH~..„. irasoo go
3.1Q0 00 '
BOIa lleoeivabla. J voo« 40 *
ftOm Pumthtr«. / .. . ’»»• -
ssooe
13,01 60
12.43041
26,788 65
140,402 SO
Opto AceconU....:—....
.-I'renifmn
Bill* DUeonnteU..
s3o!.'no 01
BRfOfoaa.-i
* * • Wm. McKuight,
/KftUiablel II»'bO«»
‘ Alex. Nifnltk,
, David M. Lon?,
William jr.Sadtfc.
a W. Ulcketwft,
floorgoßmier
R. Miller, Jr;
J. W". BoUer,' ;
Q. W. Jetuoo,
.Jiusm M&Anlqj,:
■ Alexander Spocr,-
: Andrew Ackley,
nolfl:'
r. m. aoßiK).v t goc’j
Boaonirthtlx Insurance Company,
Omccw-JAUfctf A. HUTCHISON, PnvldoQt
UKNUT M. ATWOOD, Bfcretwy.
Omci, No. »■ Wat** Sraurr,
Hitt Insun Against aS kinds cj £YreaftiJ ilarin* Jii
ABSKT3, NOVN«B£K JJiu, 1568:
Block DuoIUIU, payable on scvtirrd by
appmvifj UO
Promloin' .... £8.461 61
Wile 1,400 00
U 6 •b3r»* MeclrtiiSca’JJank Stock—cort_„.„w. 6>ICS 00
100 do Citizen** do . '!"do d 0..... .. 6,1*6 00
60 do Uahk of rKtatttrgh do fl 6 2,T60 00
""*> do Rxdymgo Blok do do .. 2,050 00
Balaqos of Book Accoaote..;..—. „ 4l
Office To ml true.-.—-. 400*00
Out. 45^08*76
BUftCTOU:
Wui. A, Cililt*!),
Wilton Miller,
Juba McDcritt,
Oto, A. Berry
iatchbwQ
BY M. ATWOOD. Be
Win. B. Qolnu,
Kobt, Diltell,
- Wo. Rm,
Hie*. & Clark a,.
% A. iIl
n»L J &8 • u*2»
. Phil&deipliiA Fire and Lift
.I K d 0 ■ 0 OH PANT,
• ■*• . No; 149 Cliesnut Street,
opl* O.J.iV I TUB OUSTOH QOOBB.
Will a*kt %lt kind* of inmrwace, Htlier htpitul e*
: limited, oa ovary dearrifittoa of Propart; or Morchoadla*
itrooaoooblarstMef premium.
ROBERT. P. KIHQ, PrwUrnt.
1L W. BALDWIN, Vico Prothk&t
Doarrcu.
JLJLOooo,
Oeono \V. Brows,
Joavph 8. Paul,
Jobs Gartoa,
R- WOor.
I Gharitf T.lUytA,
, B. B. Kogliah,
P. D. Banrj,
0. Sherman,
B. /. Mts*iTpjoy
9. BuCMtrhKß,BMr*Ury.
J. 0. COFFIN, Agent,
r Third ud Wood street*.
Uoo6o.
A supkkb work j ust published.
—PALESTINE, PAST AND PRESENT, by For. prof
11. & Osborn. UloHrated by splendid IllatnJaat*dKograr»
in**, showing the landscape Aceaery,cJti«, arrhiteiture,
eMtamM, Ac-, of the country, with hum. The ttlostratioos
•re splendid chromogrephs, in Un rich eelora. Tbb U the
moat superb book of the season. Price S3JO In cloth; also,
in elegant bindings
TheGtyof the Great Ring, or Jerrmlem A* It I*, end Is
to De,wolf>m with the hboTe, |3 £O, also in elt-gut bind*
toss.
llsdJi inSyria, or Three Tears to Jerusalem, aUbelrgant
eograrlngv; 75 cU, tod In bine and gold f 1,(10.
JalafAwT IP. P. HEN TOP L, No', 20 St. ©air U
A GNEI/S BOOK OP CHESS, Illiwtratci
jC3- Daho*a Hand Dock «r Qscuw, (Am. edition) 2iH> -
Illustration*: by Freeman Hunt,
Worth and Wealth or, U&xiau and M**rals ht
tviemißen,
Knowledge Is Power, byChaa. Knight, Illustrated.
Principle* of Social Ptfeacr; by Il.C.Carey, J
Briutteeof Catkin, 1 r 01.13 mo. t
Cities and Iterrrirs of Mr. Ee.->p Smith; by 51. P.
Topper,
fltethe's Fanrt, Illustrated; by Qtss. T. Brook*.
Thackeraj’s Topnlar Worke, Apple ton'* edition.
Min Jewell’s new work, Cnotr, K mis.
The Gonrtebtp of Wles Stan dub. Fresh eojiply,
CeecWs Life ThoogliU, “ -
. 1 KAY A CO., 55 Wood street.
lUl’OitTAfcr N»W,BOOKS—
cwr»J»** Prwjtrtcs””u
Ottilia's Paragraph New -
Timothy Titcomt/* art U»jk, Cittvr *» X
LtQcn to Young Pteplc, ruirrSi-laod tlORlf;
• * Dr.'JfcmW. AtfXftrxk'r'c n?«r TtHnma of Sermons «?n
common tcplcacrCiirisiMu F.xiih t***! Practice-,
Htsthnelrs new N<olt, Nature mt-1 tl«» Supernatural, m
togstbercmmlirmins Ttic Dim ul Oodj olio, bi»Ut«
work, Pertucm* for tb* Nvw UiV;
TheTLrolocy oi UfcrtitUn Exi* nVtif*, droned mob Ex*
«(the “Cununoii If of tho Church of Qud. By
j.n.Ariminmj{' l |) l).
PMUstUfoisflrrunf, - r
Swap's Isuulscaj*! CaroeuiucHOr Uow to Lay Out a
Osrdfn;
I’uvis’t U»i ifltniiDiw, fir DoitxolDtll th* <m««
rftboUclon, willtfcliiMeUm]
For ia}*> JOHN 8. DAVISON,
’ Sflto _ in Haricot cm(.
NKW AND VALUABLE BOOKS—Natur
al nietor?, United Snu«a,2n>ts. royal Bvo, half calf
American Eloquence, by frank. Hoorn, 7 Tub, revel Sro
Tk* Hundred Boettti Oretcre;
OKraeliCorkaJUsaofLUeratnm, new Boston ed-'j tol*,'
Eigar Allen Poe** Works complete;
Tic Blverseodl«kM of Scripture, illnolatted, Sro;
. Bayrte'a Biesya, tmweerleE -
'WilUatoa Lectnrea id the Lor4*fl Prayer;
Do 46 ■ on Chri* tlaVi Frogra*;
Mental Fhftosopfajv by Prof.U»TcK
Hugh HDterti Work*, lu nnifcnra btndings; !
. N»« Hlafery aOfetboAbm, fay Dt. Bt*reu«;
Sermons fortho New. life, Bnahoelk *
miacellaaeoca. aaairtmeat Jnst rec’d from tbe
trade cal«aof K»w York and Philadelphia.
ocl3 • . J. L. HEAD, 78 Fonrth «t. -
NEW BOOKS—The Ministry of Life, by
aatliorof UluUicrlag Children.
tia«tatid Foam, vr Three Qfeana mil Two Uintlrunts.
The tWer of Prayer, fi. Ti'encoa Prime, D.J>.
Bewitiw of Uo»kiQ-*Sl«ipplj\
TsluxVfo KoglUli aud. .American Ducks nmr opening at
~ d«) '' JB. PAVIdON’A, fit Market street.
EOR .CHRISTMAS AND NEW YEARS'
PKJU&NTS—lkm«rxjd Writing D«k», Pina Writing
Cases, Travelling Cnece, Portfolios, Alboms, Porte Honake,
Cold Pencils, Fine Stationery, Ac. A choice assortment
of Parian Figure* and numerous fancy article*. purchased
recently for cash,and will be sold at Tory low prices, Ml am
building an addition to my atore and wiah to clone oat my
Ifulkiay Stock, preTfooi to making improvements.
dcS K.C OOCURANK, Fodentl at, Allegheny.
BOOTS AND SHOBS,
OH KAP S' O*C CA 8 EL.
JAMES ROBB,
NO. 60 HAUKBT flTßttkT,
THIRD DOOK FROM TUB MARKET lIOUSS,
Has jnat racoirod hi* luge
Fall and Winter Stock of
•LADIK3\MJBSK3* and CUJLDRKMP BOOTS and BHOKS;
MKNS’CALF, KIP AND COARSE -•
BOOTS; SnOKS, OXFORD TIBS, '
GAITERS, OPKItAS, Ao.
BOYS’ AND YOUTHS’ BOOTS, SHOES, Ac.
‘FORDS’RUBBER BJIOB3,
A Tory superior article and very neat, direct from the
Slant!(actorers. which be will Mil by the rain or raocina
at very reduced prices for cash.
This stock comprisas ono of the largest assortments to be •'
frond In kny dty, suitable feu* city and conntry talcs, and
hating over twenty rent*experience In haying, he trusts
that he can how softall jtatra.. He respectfully tnvite**H
la want to o iIL asdnrfng them that tliey will be pleaeed.
B«mesber.the place. JAS. ROBB*.
HorS* Harkot Street, : ,
pots • • • •. ThlrdDoor from the Diamond'Market.
M'CUntqefc’a Carpet aiid Ofl Clotb
. WAssnocsß. :
Ali-112 Market met, near Liberty
JSXTE HAVE NOW RECEIVED ODR EN
-T f TIRE Fall and Winter Stock of Omnia; parctoesd
direct from tbo'mannfactarsre atreduced price*. Ouratock
eotulat* of 200 pieces of choloe Velvets, Tapestry ;VetvtU,
•}£ atriO-dwiie; Velvet*, Medallion Centre (two breadths
tnrnbbc* a room;) 1000 pcs Imperial three-ply, ami super*
fine, logrnln carpeting; Floor Oil Cloths, from 2 to 24 feet
wide in now and choice patterns; Yenltlan Ilall and Stair eat*
neb; Scotch, Dutch,-Hemp, List Mai Rag lOO pet.
Woolen Drugget, to r covering carpets; from ft to 1 8-4 wide.
Felt Cloths and Wooled Crumb Cloth*. Drugget, Oil Cloth,
Unca, for staJre,hearth rugs,tab!e_*nd piano covers;Table
Oil Cloths; Roeowood, Mahogany and Oak oil cloths: Bard
CfalnU,Tab!o covering, Ac. MO pairs Gold Bordered Oak
Panoel and Loodecspe Painted Window Bailey's
Patent Shade Fixtures. Orren'asd Buff Holland for Win
dow Shadce." Beautiful patterns Carriage oil ,el&tl»; Black
KnameUed oil cloths; Cocoa and China. Matting for offices
churches, -Ac. Deer Uats,SUlr:Rods;Ac. Our customers
aodthe publics™ IntUcd to t>XAjnlo* this choice and ex,
tensive nock, m we an determined to ecll at eaatera price*.
ocaojfrwT .':t. -W.irCCJNTOCK.
WALLACE B*' FOUKDHY
/ -AND Y ■
MUI Furnishing : Establishment..
CTEAM ENGINES, BOILERS, SALT
O FANS, HILL OBARIHO, Fire Brick, Machinery, Pt»l*
leys and Oaatiaga, of all kinds mad* toorder. •• '
' Orate Bare. Saab Weight*, Ullllroix,'Proof Staffii; ■--
’ 'AnchorHotting Clows* <Jma and Lrailter Belting; • • t
pwtableFlouraudComMills—the IWtUnoM; ’
French Butt Smut Machines,t»ed in the dtjr tnllla and
trrer IheWeat; acuiir the grain, taka oatthschrea and re
move the smut ball* before they are broken by tbd Uatere. 1
Ftentti Burr Hill Stour*, made of selected blocks. -
: PatentShlnrle HhcnJnca—cut 10,000 (6 20,000 per day;
Roeo’s Patent Water Wh«hh cacdfn'TOOO mUla. Saw
'mg Biuchaa ihe overebut,and <wi» as much as the moat ot
the other Wheels lutt#* with , an equal amount of water.
Catalogue* of Wheels giTUtt toll}'.Who want gearing. Of*
oMKo.Sl»lil»rtj«lrMr, HlUlnrglL .
■elUHnatwT , .. . ..ff, W. WAU.ACK.
Sle.m HUM■ ao.jai»,_ 3»1,i3»3,
Ivllwrtr BP*..
MARBLEMANTELS, madeby machinery
at low priers; Hohumeuta, Tkhlrta. Urare
e Itn* itockmhuxli Fonhin* gad Weah Stand Tops;
ahd gfam*. Jlearths, mada by.
machinery on short jooUce.. r- —•
* SubleaMdlowtetbetradSf - OfficeSl* liberty
Pittsburgh, Pa --W.W. WAILAOR.
. ealidSadAwTV/ •: • y :? -ii •-
■nORTABLEFLOURAN D CORNMILLB
‘ W* —The ainiDlest and best article of the kind Jo the
They rnallght, grind East, and task* good work.
They are a demderetam to Lumbermen; Iron' Hasten mid
settlers in new countries. B*v
Pittsburgh, Pe. - ,W. W. WALbACB.
• jNMaIAwT ,*••■• :-f: f •-
BUTLER'S WRITING AND COPYING
ntKß—For floldltyVdrpth ofotdcr, frwdOmfrnßkUudd
fanrahUit*. thcio inks are- superior to. all othreamanu*
in this evqotry, and fnliy equal io.ArwJd’s London
-Uka,hniniuch tree in ortco. -.Retailere supplied on liberal
tortM*- ~ W. Q. JOHNSTON A OO n
>AB • • • • . Bt«tiooer*.t7.Wocdßt.
yVTOTIOE. —2 Boxes ffuppoaed to.- contam
; QouMlioid.Oooda, marked 0. H. Foot, Piitabnrgb, In
claimed by the
jo WpeTto*lbre»«layA l !“: jBAIAJIDICKKYAOa,'
—JhoSh- -■•fru Y . , ffetor street ,
T3TIJRSDAY MORNING, JANUARY 6, 1859.
|, ■■'
To XhtMonoioblj^pip'Senators ahijjjcphtrr'qf thi
Houttyf Reprttentatives of the 'Commonwealth
of Petinrybania: ...
GcuizjuiM:. Although - the yearjuat closed
has been one .of great .ia the busi
ness mud Monetary hfftirs of lhe : coutUry, I am
to bp, toanaopnee, to the Repreaen
bf Ujo pnple Ibafctho ox Penn
syWania are In & moat satisfactory condition.
.The, receipts atthe Treasury, from all sources,
for the fiscal year ending on the 80th day of
November,'lBsB, were $4;139,778 35; nijd the
expenditures for all purposes daring thtf same
time, were $3,775,857 00. .Leaving 'tjn excess
ofreceipts over expendurc.qf $308,921:29. ,
The exhibit shows that there was actually in
tht Treasury on ifcs first day of De'eeftber, 1858,:
the sum of $803,921 29 mere than there wan on
the first day of December, 1857. In addition lo
this, among the expenditures for tho year, were
LoaniroJeemwi..?...', ... -,., r ytfiaai)<i S -
Relief Notes'tnlerused.• 41,07 T 00
Interest Cirtificates lit) 70-
Baking of the.public debt founded and uwrQod
od paid during the yew the *nth 0r......::. 42L491
If would to thts ths eXoeu 9! cfn hand,
at'the epd of tho fiscal year, over what re>
rnstned ip -fbe Trrarary, at tbo tamo tlma last
year.ttz ......:. r U.J.....„. vr ;_. r .^ rr . M . r .^3«U2I.SSt
We have the 5um0f,..^....... 84
Hot this la net all. Tho toutant paid. 00 UlO public im
provement*, loci tiding damages .ond.old claims, during the
fiscal year. ..311,036 63
While the amount of revenue, irototlie same
a source, for the mate' wisoulj- or.
Slaklnsahhxc%sF;hr<DQiatifilfiit«oT*rrecotnts.> ■-'} < •
which,'bapptly.we'trilltJH'felicTtxl from fn,’ r ~
the fatare, of— $215,960 52
Thislum ebould,atso, be to the oj*ralk>u*of
the Treasury,' during tho year, fot it wai sio cxtrnbnlliury
expenditure, which cannot again occur; and waa, ia fcict, n
reduction of theliabilities of lhoCommonwealth to that
extent.
If we addlbisAtitn to Ibo amount of <f*M pal), and the
excess of cash on band, wo haro (or the year a balance in
favor nl the ilcolpU, over the ordinary expenditorve,
amounting In tho aggrogatp to $1,031,3fti an.
Dot ftiun this, however, elroold be dedoclod the extraor
dinary receipts, which were:
$240,7*0 71
Ist. The amount paid by. tho. PconsylranU
Railroad Company, on/thc principal of tliadeU
due hr tbosald company to the commonwealth,
for the purchase of the Main Line.': $lOO,OOO
2d. The amount weired from thoOironl Bank
for tanas of the commonwealth sold by that bank . 2h,000
Inall —— $128,000
Which, deducted from the foregoing aggregate 0f51,i131,.
332 36, (eaves the true balance of the ordinary receipts
over tho ordinary expenditures for the fiscal year at $903,.
Tho funded and unfunded drill of the commonwealth, oa
the Ist day of December. Ifttf, waaaa follows:
FUNDED DEBT.
0 permit. k»n
S percept. loan
4ss per cent 10an....
4 per cent. loan..
To thii ahoatd to uMed & per cent. coupon
bood* Bohl lir Qlrvrd Back, not before rr
pgrtad™........,.
- ~...f 44&.1M) irt
... 53,770,212 52
— 7. — ass,2oo oo
200,000 *»
Total funded debt-
UNfONDRP DEBT.
Belief Note# oaUtaoding.....—
Isterret certificate* tin.
Do; do. unclaimed
.Datneelir creditors
. ToUl Dofaixied debt Jo
Hbki&S tbe entire debt of Hie commonweaUh, U tbo
porfod named. $39,900,733 22.
Tbe funded and unfunded debt of the Bute, at lb* clone
•of Ibolntt-OKnl year, Dee. let, IfiM.atoud «• follow# r
FUSDBI) i*KDT-
0 per crut. loans—
i per ernt. loans...
4\4 per retit loans .
4 per cent, lean'
— —445,1*51 O*
3*g,d*i 00
— IW.tW 00
Total Feuded .
UNFUNDED DIRT.
JUIUf Notes
lbt»rut MTtiAcat»a
Do. do. unclaimed
Domestic cmiUntr..~~»~
Total Btfasdcd d«bt~.
Making the publio debt on the Scat of Decern
bet last $39,488, 24307. Since tbo close of
the fiscal year, the Commissioners of the Sink*
lug Fund have redeemed of the firo per cent,
loan, iho sum of $220,132 52, I caring tbo real
debt of the Commonwealth, alibis lime, fudded
and unfunded, $39,208, 121 10.
To meet thu besfdes the ordinary sources of
public revenue, the State owns bonds received
for the sale of the publio works, and which I
hare every reason to believe, are well&ecurcd,
twmpwatlog to eleven millions one hundred and
from the
outstanding debt, .. w W <h««- w tae pro*
Tided for, the sum of twenty-eight 'rmUlpnr
eighty*Bereu thousand one hundred and eleven
oollars and sixteen cents.
It is believed that, with iha existing source of
revenue, nod the observance of strict eeAomy, ;
Iblssummny be reduced, during the current
year, at leant one million of dollar*.
The present would se*m to be the appropriate 1
time,—when bur nation is at peace,—and when
haalUt’and reasonable prosperity
our own borders,—to greatly redace iho public -
debt. We have bui to carefuliy husband our
legitimate resources, avoiding extravagant and
unnecessary appropriations, and practicing a
proper economy in all the departments of Gov
ernment, to render the entire extinguishment of
our debt a fixed fact within a very brief period.
To carefully guard Iho publle treasury at this in
teresting epoch in our finanolal history, is so
manifestly the daty of the public authorities,
that I cannot for one moment'believe that an
other policy will be proposed. If there be any
who, relying on the improved condition of the
joancen of the Stale, would encourage tbb adop
tion of new schemes for depleting the Treasury
or would cat off the sources of oar present rev
enue; and thus reduce it, let all such efforts,
coming from whatever quarter they may, be
sternly resisted. Let Pennsylvania'be just bo*
to ro sbe.is generous. Let oar good example be
a light in tho pathway of ;oar sister States, as
“well as an admonition to our own local govern*.
incuts. Shis is due alike to the fevers whioh
providence has so bountifully bestowed upoo us
and to that high character for honesty and in
tegrity which has ever distinguished the people
of this good old Commonwealth. >
In pursuance of t|ie act entitled “An Act for
the Sale of the State Canals,” approved on the
21st day of April last, 1 did, as the Governor of
the Commonwealth, on the ItHh day of May,
1868, convey to the Sonhury-ond-Erie Railroad
Company, nil the. public works belonging to the
Commonwealth, then remaining unsold, consist
ing of the Delaware .Division.-—the-Upper and
Lowor North- Branch Divisions—the West
BnihchDivision^—and the Sasquehannaßivislbn
of the Pennsylvania Canal, with all the /proper
ty thereunto belonging, or in anywise apper
taining, and all the estate, right, title and in
terest of this Commonwealth, therein, for tho
sum of three millions five hundrd thousand dol
lars. To secure the payment of this sum, the
Sunbury and Erie Railroad Company paid to
the Slate Treasurer its bonds, secured by a
mortgage, as directed by the act, for tbe amount
of the purchase money. The company, also,
comptled with the provisions of the Act which
reqoired it, as additional security, to execute
and delitrer to the State Treasurer a mortgage
oh the Delaware Division for one million—a
mortgage on the' Susquehanna and West Branch
Divisions for half hiniilido—and a mortgage on
the Upper and Lower .North Branch Divisions
for half a. million of dollars.—The deeds and
mortgages were all executed under the imme
diate supervision of the Attorney General, and
were In strict conformity with ihe requirements
of the l»Wi
Afier the conveyances were duly executed
and delivered, possession of the canals was
given to the'railroad company. ' _ L
•Tbe sct further provided that the Sunbury
and Erie Railroad Company: should not re-ecll
tbi Canals, or any part of them, without tbo
consentof the Governor; add-that if a'resale
were made for a greater sum, In the aggregate,
than three andajiaif millions ofdollan, sevea
ly.five per eenlum of the excess should be paid
to the Commonwealth, Tn the bonds of .the pur
chasers. u waa lalso provided that upon a re
sale,’the mortgages given by . the Banbury .ami
Erie Railroad CompanyLdo the Commonwealth,
upon the Canals, be cancelled by. the
Btnto Treasurer and surrendered to the oompa*
1 by by the Governor, on deposlte made by-the
! said company in the office.of thefftaLe Treasurer
of an equal amonixt of the bonds of their gran
- tees, seoured'by. mortgages of the canal or
. canals add as aforesaid”—witft a provision that
r no transfer or securHies ehould bo made until
l the Governor should be satisfied that the tfew
* securities (o be given were tufSeient lo protect
the interests of The State ; and. that his written
approval of tho ; change' ahaQld be fited ini' the
t office of tbe Secretary .of Commonwealth.: 7
V '^Sales'were; made b> the Sunbury and Etle
' Railroad Company, and reported to me, under
; the oathoftheFie&ident, of the different lines,
f. aX/follflWB: '
Tbo Upper onO Lower North
Bruch Cuol, («tho North Bruch
CUal Company, for.. $1",COO,000.
Tho Weot Bruohud Buaqoehanna
DtiVuiooe, to Went Braitoh «cl-Bnii
qaehuu Cuil Company, for.
1 Jrho Delaware Dielelon.to the Pel-. _
ileore Dieiilon Cuil- Company, of
Pjmnsylrania, for. 1,776,000.
r pon iaveMig&Uon and inqairy, ',baVtpg be*'
ie •attofied that 7 theae vale* 'were made ; for.
prlcei/Vad'tipan iertna*' bad tofutb
sons poapof porobiaiogV'
lops; jw.tp puy'
j*y, Uiey ‘
.fierlhe cooinct.fcir.ihv sale ottlr
dlOnhalh^Geplcreflalo,.*®'*
bVeh >crba|ljf!
dollanof ihtfporchaM j»?
Iypaidtylh«pairchae<r
j s*,-gzxu.^f
formcdlhal ahighcrprfco bad boon offered, by
responsible persons, for the canal. Bat under
the circumstances, my opinion was that the offer
came too Isle ; and as the Railroad Company
considered 1 itself bound to consummate the
agreement by n delivery oft ho deed and posses*
sjoa of tho property to the first purchasers, l l
could not, in (good faith, withhold ray assent.
Tho North Branch Canal Company, subsequent
to tho purchase of that dfyielon,. sold- that por
tion of tho Canal lying between Wilkes barre and
Northumberland to the Wyoming Canal Com
pany for the sum of nine hundred and, eighty
fire thousand dollars.
Oo tho 13lh of September, 1858, bondß of
tho various companies owning tho different ca
nals, scoured by mortgages, were, In pursuance
of tho act, and by my approval, deposited with
the State Treasurer to the amount of two mil
lions of dollars; and tho mortgages on tho ca
nals given by the Sunbbry and Erie Railroad
Company', wcro bancelled by the Stato Treasurer,
and Surrendered by me to the company in accord
ance with ibe.jdireotionß of, the, lav. At the
samo time a settlement was made between the
OommonjreaUlr and the Railroad Company, by
which the tatter paid to the State seventy-five
pcrJhcnldm-of'Jbe proceeds of. the .resale over
-aoifaboveihe contract price of threoandahalf
milKohs. This .amounted to two. hundred and
eighty-ene;tHbu»nd two. hundred and fifty ; dol
lars, aud waspaid in the following manner, vis:
Bonds of tho Wyoming Canal Com- 1
pany, secured mortgage oh the
canal from. .Wllkcabarre to Northura-
berland'payabioik twenty years with
interest ai six per cent." payable semi- . ••,
HQnualljr. $281,0b0
These bonds are Well secured, and ihe accru
ing interest and principal, when due, will doubt
less he promptly paid.
From informatiotfiof a reliable ebaracter re
cently to me by the President of
Ihe Banbury and Erie Railroad Company, it
appears that Ihe prospects of an early comple
i (ion of that great public highway are very en
couraging. A large amount of work has been
•done on this line of (he road during the past
season, nod at this time, very considerable por
tions of the road are' graded and rapidly ap
proaching completion. Uis the'opinlon of the.
President of the company that, within two
year*, the work will be entirely finished, so that
care will be running directly from the city of
Philadelphia to the harbor of Erie.
When this groaVcnterprise shall be consum
mated, and Ihe desire of its friends finally ac
complished, the payment of the threo millions
and a half of mortgage bonds, which the State
has received in exchange for the canals, will
nnqncstlonably be well secured—whilst the rail
road, itself, will prove of .incalculable odvan*
logo to our great commercial emporium, as well,
as to (bo Important, but; long neglected region"
through which It passes. ; Its construction will
undoubtedly add to the value of thereat estate
■of the Commonwealth many times Us cost, and
developo and bring into use the rich resources,
of a country whieh have hitherto remained as',
they we. e lavishly atrown by the hand of nature,
t have an abiding confidence that the result will
abundantly ..prove the wisdom of the measure,
which, while it guaranteed the completion of one
of the greatest improvements ever projected in
the Commonwealth, It, at the same time, divorced
Ihe Slate from the unprofitable And demoralising
management of her railroads and canals.
.£W.731,692 G;
sau.nM.ws fu
Whatever differences of opinion may, at any
time, have boen entertained in regard to the pro
priety of tbcdelails of the legislation authorising
the sale of the main line, or the branches, it can
scarcely ho doubled that tho publicwelfire will,
in every respect, be vastly-; promoted by the
transfer of the management of the public workF
from the Slate to individual owners.
.$133,W 00
The short experience that we have had al
ready, proves conclusively that the Common
wealth is greatly the gainer, in a financial point
of view, and U bos been equally demonstrated
that the pcoplo at largo havo boen an well, if net
belter, accommodated by the Change.
It would, in my Judgment, ho a public calam
tty, if, by the happening of any contingency,
the Commonwealth should be constrained to
£tt»in became tho ownoejnkd resume tbo maasgo-
of ]torVt'ir'«i9iVa!.j>abli,o Improve
ments. v,'
Th • power of the General Assembly to pass
the act of the 2lsl of April, iSSS, relative to the
sale of the State canals, was questioned before
the Supreme Court of the Slate since the trans
fer of the canals; and, after full argument, the
constitutionality of the act wav sustained by the
unanimous judgment of Ihe court.
Since tbo sale of the public works and the
settlement of tho principal ootslnndlng claims
against tbo Slate, it is obvious that there is no
further necessity for n Board of Canal Commis
sioners or a Canal Department. I therefore re
commend the abolition of (he Board, and that
provision be made for the transfer of the records
to the office of the Anditor General.
■ lb Tiew of the foregoing exhibit of onr re*
cources and financial condition, it ia apparent
that a most interesting era has been reached in
the history of the Commonwealth. Rellered
from the entangling embarrassments of an ex
tensive system of internal improvements, the
means of the State are new ample for all legiti
mate purposes, and her public debt is gradually
but" certainly disappearing. Prom, these and
other causes, govennental action has become
greatly eitnptified, and the nature of the subjects
of its operation ban changed In a degree no lefts
remarkable.
i The almost entire disposal of the lands which
; belonged to the State has already dispensed with
one.of the departments created for their oare,
and will ultimately render the other unnecessa
ry, except for presorting the etldeoces of their
transfer.
I The sale of the pnblio works has relieved the
Rsecutive branch of the Government of many of
its most ‘responsible and perplexing duties, and
baa in effect dispensed with one of its most
formidable and difficult departments.
In the aamo proporitouihe action of the Le
gislature will,- u the Representatives of the peo
ple be true to the interests re posed in themi and
sternly refoso to entangle the public with those
numerous projects and enterprises which are con
tinually seeking Us alliance, be.simplified and
'economized, purified and strengthened.
And it is os remarkable as it is propitious,
that! aii era which has thus relieved the State
authorities of burthens that consisted, either
of mere material interests, or the care of local
administration,—committing the Wno to the
local sovereignty of the people, and the other
bo privato or associated enterprise,—Bhould
; also present for consideration and promotion
: intellectual and moral claims of peculiar im
portance.
It is at this period in our history that the
system of publio education challenges Ihc at
tendon of tho most unobservant. And I shall
be much mistaken in the cautmim but stead
fast character of tbo people of Pennsylvania,
if their Rcprcsentatlvesuonot make it tho first
object of their solicitude.
• Tho annual report of the Superintendent of
Common Schools, will lay before you the pres
ent condition of the Common School
and of its operations during the post year.—
Tour close and scrutinizing attention is invited
to tile details of that document.
Including Uio city of Philadelphia, it will be
observed, that thoro wero in tho public schools
.ot the State, during the year which terminated
on the first Monday of test Juno, 628,201 pu
pile;; these wore instructed during an averago
. tend of a little over five months, in 11,281
jcbobls, by 13,856 teachers, at a total cost of
$2,427,032 41.
, Hero is a public interest, whether wo regard
: its ramifications into every portion of our social
fabric, its large coat, tbo important powers
over'tho present which it wiolds, or its incal
culable' influence upon the future,—Undoubt
edly; tmnßceods all others committed to the
caroof the secularauthorities; Tliis being the
case' I have no hesitation in asserting thattbo
timojiaa arrived when its full importance
ehoidd be rc&gnizcd r and that ita due admin
istration should be made tho duty of a fully
organized and effective, os well as a separate
department-inthe government.. ..
: Blit this mere care and promotion-of our art.
Jem of Common Sohools—important and^agien
alv* os it obviously is,—should hot hajjja 80 v,
object otsuchnDepartmenL If it
t&e power to punish crime includes*^.
to prevent it,: by providing fort;-’ T £p'
telleclaal and moral training f f- /T
would eeem to follow Ur v 1;,
charged with the latter n*
also be ihpoascssioH of-'
jeet* of information./
onthepbject of Us''
arrangement,
population «»►•'
el defects.,.
bitodner
fornte
will not, however, of itself, offset all that lioeed
ed la this direction. The general results of the
Common Sohool system, already cited, show the
Importance of its nature, and the magnitude of
Its operations, tf we look, also, into its special
statistics, tho conclusion will be equally dear
that certain improvements in Us working ma
chinery, are equally iudespensablc.
His needless to attempt to prove the truism
that the properly qualified, teaoher is the life and
success of (ho school! But the facts are start
ling, thtfKof the 12,828 teachers of our public
schools, exclusive qfthose in Philadelphia; only
6,087 are reported as “qualified'* for their im
portant trust; while 5,887 are returned as “me
dium,” or such as are only tolerated till better'
can be obtained; and that 2,818 a restated to be
“unfit.'* In other words: of the 609,880 chil
dren attending the schools out of Philadelphia,
only about 280,000 (less than one half) aro un
der proper' Instruction and 'training; while
about 240,000 are receiving insufficient instruct
ion from inferior teachers; 100,000 aro. actual
ly In oharge of persons wholly unfit'for the task.'
This presents the subject in a light that can
not be shot out; and though the great and com
mendable efforts recently made by the teachers
of “Pennsylvania, for their own improvement,
are fully recognized, it can not be conceded that •
there is a work yet to bb done,. in this relation,
which wonld.seem to be beyond their unaided
power to accomplish.
; When; however, we look farther into the apef
clai statistics of this branch of the system, the
materia! for Improvement is found to be of'lhe
most: promising kind. Of the 12,828 teachers
of our common schools, 10,889 are under thirty
years of- age and 10,046 are natives of Pennsyl
vania ; and a larger proportion than in most of
the other States, are permanently devoted to the
profession: of teaching. To render .these fit for
the position to wbleh they aspire—undoubtedly
one of the most useful and honorable In the
world—and to raise up a constant supply of
well qualified successors, in the work to be done.
Various modes of-effecting this object have been
suggested or tried; but; after mature reflection
I am led to prefer that devised by the Act of
May 10, 1868, entitled “An act to provide for
tho due training of teachers, for the Common
Bchools of the State.'* It places, in relation to
the Stale, the teacher on tbesame footing with
the members of such of the other learned pro
fessions as have been recognized by pablic' au
thority ; and ilia to be regretted that the pros
tratiojfcof business and scarcity of money, that
so soon followed tbo passage of tho act, badlho
effect of checking many laodible efforts topul
Us provisions into operation. Under these cir
cumstances, does U not beoome the duty of the
State to afford such rid, or at least hold out such
inducements as shall enable this measure to be
fairly tested ?
The passogo of a la# guaranteeing tho pay
ment of a moderatevutri to one teachers’ sohool
in each of the districts created by the act of
4867, would no doubt cause a sufficient number
to establish the efficiency and practicability of
the plan* .to be completed In a few years; the
.money not 10-fre paid until the schools were in
full and approved operatlpn. It is not probable
that this grant would cause aoy considerable
draft on the treasury.; but, even if the whole
twelve schools should be ultimately established,
tho boon wouhl neither fre out of proportion to
that which has been conceded to other literary
institutions, nor the number of graduates be
yond the wants of the community. Up to the
present time, Pennsylvania has appropriated
about $OOO,OOO iu aid of y ner colleges and acad
emies, and this mainly iq the hope of obtaining
from them teachers for; the common schools.
Though the* benefits of ibis munificonco have
been, in other respects, qotiofcqual to the amount
given, it will bo asserted by. no one that the
avowed object has been to any considerable ex
tent effected.. . It would therefore appear to be
time that tho aid of Iheßtato should be brought
directly to bear in favor of the.great object so
long contemplated.
I have thus briefly-bid, before you the condi
tion of our!, noble educational system. ■ It will
afford me sincere pleasure to concur in tbo
adoption of these, or any other measures, for
its perfection, that tho wisdom of the legislature
may devise.
In this country, the want of a school which
shall combine lbe elements of lea -nlng and ag
ricultural labor, and thus adapt iti df to tho edu
cation of the farmer, has been i ioat seriously
felt: for, whilst our many i well fill the
measure, of, usefulness in tbei * appropriate
sphere of frityueoce,it'mnsl be conceded that
the training they impartia badly adapted to tho
art of practical artiouUure. In Pennsylvania
that intercsj is so important as to demand at all
times our anxious attention, and active support-
$281,250
“The Farmers' HighSchoOl or Pennsylvania,”
lately projected and planned by a few publio
spirited individuals, and which has rcceivod,.t.o
somo extent, the patronage of .the State, and
the contributions of a number of sur patriotic
citizens, ia! destined to afford a; place rwhete
young men may be educated at on'expense com
mensurate with their means, and; to a condition
qualifying them for the pursuit, of the business
of the farm. r lTere, whilst daily ' occupation
will train the body to the ability to labor, and
give to the student the enviable feeling that he
contributes to his own support and education,
itwillinstrucL dnd enlarge his.mind, that it
' may glve a force. and effect to all his future efforts
; The design of the Institution is; to afford a
school where boys may be thoroughly educated
in all the branches of natural science, and at
the same time, be innred to the performance of
labor; so that at their graduation they may re-:
turn to their parents abundantly prepared to
join tho domestic circle, to give a right direction
to tho bosintffsof articnltnre, and act well their
part in every department of life.' An object so
fraught with usefulness is [entitled to tho highest
commendation. '!
. The application'bf scientific principles to tho
practical purposes dt life, is but realizing the
full benefit of those laws of natnro, to discover
and to profit by which, is undoubtedly one of
the great ends of human rcaaon. The more
this important object Is held In’ view and-effec-
ted by our higher institutions of learning, tho
raord valuable and tucfnl will they bocomd.—
The Polytechnic College ot Pennsylvania at
Philadelphia, Ja founded on this basis; and its
attempt to'popularlse science, and connect high 7
acquirement with practical ability, is presented
to your favorablo consideration.
Under aresolution of the lasi House of Repre
sentatives [a committee was, appointed by the
Speaker of the House, to''examine tho state and
condition ;of several Banks chartered at the
session of 1857. The resolution directed the
cQmmitlee.to report to the Governor the .result,
of its examination within ninety days after the
adjournment of tho legislature. ( On tho 20th of
July last, the report of the committee, together
with! the accompanying evidence, was filed in
the Office cf the Secretary;• of ; the Common
wealth, a copy of which will be laid before the
House of Representatives. \ u-
In view of the foots reported by tbo commit
tee, in reference to the organization and subse
quent management of the Tioga County Bank,
The Crawford County Bank,, and,the Bank of
Shamokln, I would recommend a careful inquiry
into the present condition of these 'institutions,
and if it shall be ascertained' tbalfthe public Is
likely to suffer injury from tho further exist
ence of either, aspeedy and certaln rcmeifymay
be found in a legislative repeal of the righto
and privilege granted by the acts of incorpora
tion. The power to alter, revoke, or annul,'the
charter of a bank wheoovor ita conlinttahee
may, in the opinion of thelegtoUlare, be
oas to the citizens of tho Commonwealth, is "ex
pressly given by the Constitntlou of thfi General
Assembly,—to be exercised, however, lasucha
manner as that no Injustice shall be doho to the
corporator^.
Obedience to this constitutional injunction
would require that in the event of a repeal of the
charter of a bank, care should be takon that the
rights of the stockholders to the surplus assets
of the bank, after payment of its debtor were
protected; and that suitable provisions should
bo made for settling its affairs. i
The injunction contained In the Constitution,
that the repeal oarevocatlon of a bank charter,
shall be in such manner os to work no ipjoa* 1
is not a quaUfication' of the
(o’revoke or annul the charter; bat it *
that, in taking awa«
the rights of the stockholders;?*
ed,'Bo farssilisconsistcntjr- 5 '
itself. Ido not doubt 4^'
or p* 7 *
VOLUME LXXn—NUMBER 22.
by the several banking institutions of the Com
monwealth.
Welt satisfied of tho Imperfection bf existing
laws relative to bonks and bonking, I deem it a
duty to inform the General Assembly that I can
not give the-Executive approval to any bills
chartering additional banks without a radical
chango !n*the entire system. Itiibutjasttostate
that in my opinion a large majority of the banks
of the Commonwealth are < well and safely man
ogadj.and in a perfectly sound condition; .but
this is due to the honesty and intelligence of
those having charge bf them rather than to-the
efficiency of the tawsf Under f the management
of incapable or. dishonest men, experience has
shown that there is really bat little if/aoy.secu
rity to tho pablio in tho regulations and restric
tions now to be found in our banking code.
True wisdom dietates a reformation- '. ' t ..
• Tho ruinous losseawhloh have fallen upon the
people during the financial pressure of tho past
eighteen months, suggest the necessity of pre
venting their recurrence. Although many
-causesmay hatecombined to produeethese dis
asters, itis tpoplain to admit ofdoubt that our
banking system hai been ono of the most-prom
inent; The value of-lho precious ‘metals—the
prices of property-Hind the wages of labor—are
always affected by the abundance or Bedrollj of
the paper medium received as o substituie-for
gold and silver coin.. Thepower of-iho.States
to authorize o paper currency, through* the
agency of banks, has been so long exercised,
and acknowledged, throughout the Union, that
it is no -longer an open question. Butit most
be acknowledged that,the power, has been great
ly abased. Tho .delegation of this attribute of
sovereignty to a number of irresponsible corpo-
.without proper checks to limit jts ex
croise, and without providing any secarHy,wbai
ever for the; redemption of tho issues thus au
thorized, has been attended with evils of the
most alarming character. These
aro practically made the exolasive judges of tho
amount of paper currency to be famished to the
people, and have the exclusive power to contract
or expand their circulation atple&auro. Depos
itors and other ordinary creditors of banks,
need no legislation for their protection. Every
one who has direct dealings with these institu
tions, either nr depositor -or otherwise, enters
into such engagements voluntarily, for his own
advantage, and may be safely left to his own
vigilance, and the ordinary remcdics-bfUhelaWx.
for his protection. But the millions of people'
engaged in industrial pursuits, the farmer—
the mechanio—the merchant—and tho'laboring
man—are under an imperious necessity ld\yc;
crivo for their merchandize and their labHFnri;
ordinary currency of the country. It is impos
sible for persons of this description to investi
gate the concerns of every institution whose
notes are in circulation. But no investigation
could savo them from tho losses arising from the
defaults and frauds of bank officers and the in
solvency of bank borrowers.
Tbonote holders of banks have peculiar claims to
the protection of the government. They arc invol
untary creditors who aro forced to rcceiyo the notes
authorised by. tho government. They have no diroct
dealings with the hanks. They do not trust, the
bank* from any hope or gain. They bhvo no profit
in passing the notes which they would not have had
in passing gold and. silver coin. They constitute al
most the entire community, and tho humble and ig
norant are always the greatest sufferers when a bank
fails to redeem* its notes. JTho whole people are
therefore deoply interested in the security of the cir
culation allowed by law, althooginnany of them may
never had a share of bank stock, or been within a
hundred miles of its place ofbusiness. Tho govern
ment thatauthorises the issuo of a paper currency,,
is dnder a high moral obligation to require ample
and available security for its redemption.
The certificates of loan issued by tho general gov
ernment, or by this Commonwealth, atavaluo. to bo
fixed upon, with tho power to require additional de
posits of security, from time to timo, os the loans de
preciate ini the market, would bo .os safe'and availa
ble as any’goaranty which could bo provided: ’
A law requiring all issues of banks hereafter or
ganized, t? be eccured by the pledge bf these loans.
Would cnhanco tho valno of the present loans, ; and
thus giro tho holders a premium sot contemplated
when they became purchasers, and for which they
never gavo any valuablo consideration. This en
hanced vaiao would bo derived from a privilege
granted by the Slate, nnd the State ought therefore
to havo the benefit of it, os. far os this may bo secured
by legislation. Tho recent amendment of. the Con
stitution citvomncrlbes tho power of tho Legislature
In ereaUa££tato debts, with an exception in favor of.
debts contracted “to redeem tho present outstanding
indebtedness of tho State.” A law authorising new
State loans for the purpose of redeeming'tho present
over-due debt, would bo within'tbe constitutional ex
ception, and ; would bo free from objection on consti
tutional grounds.
The new loans thus authorized, redeemable at
the expiration of twcntyyeara iHth the banking
privilege attached to* them, woliM undoubtedly
sell at a high premium. The proceeds of their,
sale should be applied to the payment of the
present State debt, now overdue, amounting-.to.
more than seventeen millions of dollars. Under
this system the State loans would no longer be
held by foreigners, acd the semi-annual ship
.ments of specie, to pity interest, would there
fore cease. ..... -• ••■
Aa the Currency w°uld be limited to. the
amount actually secured,' (tie danger .from ex
pansions, which'have hitherto stimulated the in
cautions' to embark in ruinous enterprises, in
overtrading, and in extravagance in their ex- ;
penditures, would be greatly lessened, if-not
entirely overcome. Aa the securities would bo in'
the hands of n high and responsible officer of
the State, with authority to sell then for the pur-r
pose of redeeming the circulation, the power of
the banks to arrest speciepayments at their own
pleasuro would bo at an end. The system pro
posed in ns near an approach to a specie bostsjaf
the condition and habits of the people are at'
present prepared for. The duty tho
community from losses continually arising from
unsafo currcnoy, cannot be longer delayed with
out a manifest disregard of the publio interests.
The subject is therefore commended-to your ear
ly Attention.
Tho report of the Commissioners appointed to
contract for ami superintend the erection of a
monument to the memory of citizens of Penn
sylvania, who. wero ..slain or lives in
(he late war with Mexico, wHlinforin the Leg is*,
lature of (he proceedings had on that subject.
After receiving proposals for tho'erection of the
monument, and . tho adopUou.of a plan, it was
determined, in view of tho limited , and inade
quate appropriation made for iho accomplish
ment of tho purpoae.by tholasl
postpone tho commencement of the wopk.untiV
further legislation could be had. It is theppin-.
ion of tho'Commissioners that'such a monument
would do credit to tho Siato, and honor tolho
living and the. dead,' cannot be built for a less
sum than , thirty thousand . dollars. If the
Legislature'should concur iq that oplniooj the
appropriation should.be increased accordingly..
The report.ofthoSlate Librarian vlUiaform
you of the progress made in. the cqtqloguo
authorized by the last legislature, and the general,
condition jof the Library, whioh bos grown,to be
an institution that deserves your fostering care.
I would commend to yonr attention the sugges
tions of the Librarian.
Tbo report’ of the Attorney General, which
will bo laid before you, wilt exhibit the ppera
. lions of (be Law Department of. the .Government
for the past year. The Act of the 21st of April,.
1857, which requires th'e. Attorney General to
keep an office id tlarrisburg, and which provides
that all debts due the Commonwealth, shalL.be
collected by that offioer, has proved, to bo a high:
ly beneficial J criactmcnU . Under its provisions
large BUms arc saved whioh were formerly paid
for commissions and coupsbl fees. And the .im
proved stale of our finances is in ho
degree hiring to tho prompt'manner in
outstanding claims orecollecied and .
‘ the Btate Treasury. '
Tho’ Adjutant General’s
laid before you, will show in
condition of the Military
respectfully'call this
ture to the recomine-
The Militia L* '
tested; but it K
improten» r
its pass ''
that ’
>• • . "
betoM thay are used—*na Ui»t daily locounta of
S' IS I 'P»M shall be kept ia
-
The various charitable and rcfaWiorv.ftnVit,
lotions which hate heretofore received pecunia
ry assistance from the State, eiich as the Btafe r
Lunatic Hospital, at Harrisburg,'the'Weston '
Pennsylvania Hospital, at Pittsburg, the Houses
of Refuge at Philadelphia and Pittsburg, the >
Pennsylvania Training School.for idiotlo and
feeble-minded children, the Asylum: for the *
Blind and Deaf and Dumb, IheNnrthern Home T 7
for Friendless Children, ;at- Philadelphia, 1 re--,
commend to your fostering aid and care. The
annual reports exhibiting a detail of the opera-'
lions of these noble and exceHehtcharilies flu
ring the past yeaj will te- laid before -yon. I'"
-cannot reoommend appropriations to charitable- *
associations.of a purely local character,how-*,,
ever pralseworihy the objects and . motWcfl of
their founders and supporters, or however use- '
fat they may be to their particular localities, !
The present condition of the revenues of-the -
General Government* demonstrates the .urgent
necessity of iocjreased dotics upon foreign im- .
portalions. The people of Pennsylvania have ,
ever taken a lively interest in the proper ad-"'
joatment of a tariff; and thoy havo with-singu*
larunanimity, ataU times, favoredsuch anas- '■* *'
•Bessment of duties as wputd not only produco ■ ■;
revenue, but furnish tho largest incidental pro- •.
tcbUon to the groat mineral, manufacturing and
iudustrialXintercsts of the country. -Had their
voice hitherto been.more potentitJinthecoun-v
oils of tho nation, it is no. longcr .problematical, ; .
that much ofUh'e.pecuniary distress lately ci-.
pericnced by all classes ana cotjdilionsbr bust- ,
ness men night have betm'to-a''great extent’
averted- The necessities of lhc;govornnrcnt said
the people, now nliko demand/ft'changc—an’in- ;: v
Crease of - ditties—and L. lake great
indorsing the views of fhd'Prcsidcnt ortho ITniCcd-'/
Stoles os expressed in his last -'annual mbshage,-
Relative to the change, proposed. .:. Hiaadvocacy
of specifio duties on all “commodities ''
-generally, sold by. weight/ or by measure, nnd* r
which from their nature arc of equal or 6f neatly" *"
cqpal valae—each as Iron/of dflßjrent-classwp " ‘
raw sugar, and' epirits,it- ban
met witha htariyrcspoosa from.lhogreat body ; '/
of tho ihe State.., It. i3'to beJioped, -w'
that his views ori thiSquestion ,will‘bb favorably '
by Congress, and that the action of the ‘; 4 .
federal government-may correspohd-with thev- f
.suggestions of the President.!:,j ■ihzr :> /-Z
When I was called upon to.acBB99£4ta,Gubcc- <
notorial chair, nearly ohe year ago, indefcienoo'7.
to ptiblio opinion, and iny- own /eoling9, of(er a : f '
rapid-review of events in Kansas," (staled that *' v >
“to the people of Pennsylvania the adm mission.;;!.-
of a new. State into the Union—-into.that!'
eracy of which she is a member—must bo at all
times a subject of high interest. Audi believe s ' ~
I express their sentiments, ns well as iny own;-
indedaring that all the .qualified electors of p
terrilory should have a fulland fair opportunity;.;;*!
to participate in selecting delegates to, form n .■
constitution preparatory to admission as a Blake, ‘
and, if desired by them, they should also bo aU “
loved an unqualified fight to vote upon such -
constitution afterJt is framed/’; : : rv->.
.
Tb* OtpJoiaUlo diaputra in U» flint wsjlcti oMtep resent i •**
Congnas—tb* popelir vxcit* meat rfkjiUic&frDmtbasodli-v^n..
iron*, totfc-tWrwllh olber proCwdnigi in tbolf nahiro bowl
nmlalarmlcsr, wohiJaH lurTtvluen Avnrtrii, bad thepeoplc-' ,:l*i
bwo aeeartd la “tho uof|UiHfi*«l rlgjit’*to rot* npcu thflf ,
dotnt&tlc mrtltntipnß. I rrcrot iobecompcllod to *sy that,- • «
baa been vlr» 1
ttiallj- wltlihold from tbfiia.. Wbou Utej refmed to accept; • , •
tho Locomptou Cubitilatbiii, tnkSe fer (beta by StlrgitM'
rcpreseatlng llio ininorltT.they WoTo«*ptkltJy.d*aM tlwf- .
prtTilfge o( maktog tbclr o#n ccnx*UtoUcii,'nnte*»tipon a' .
ooaSUIoDQot prcriorulj txacted- lf thnT.aceftptal
comptoa CoutHutioo, catered the alitcibcodtdfcUUa,
nt occ?, with ApoptiUlfoo lwttumoaa4alfbf thfl rxl*tluß
rmtioof CoognMlonAlropTOßratatloii; bat,if they rcfn»ttl.-
thatConatitntion.tbvyeouldbotboadmittrdißtoibo Veldn', ' -
with the Oobatilution of their choko, imtil they wrre nelly '■■■ ■•
to by a formal census that tliey bad attained a poptt
UUOq equal to that ndlo. Iho rosplU have becomehistor.* '-•/
leal. . -r
The last expresjive voto of tho people of Kansas
against the Act of Congress, commonly kuotrh'as r >
the Eoglislx bill, has for .a
sional intervention. Peace has - .
of the people,not from
oaUido influences. > Bat, daring tha angry!feelings- ■ “
-which this controversy has aroused, _tbo theory him '
been started, and insisted upon, that it will hence- ,
, forward be the doty of Congress to protect 1 SloTery 4 ; :
ia. the; territories, it.Uie people of tho : '
ehall fail to do-so.. Tho warrant for this extroon}!- s
nary assmnptton ia allegcd to exist in thtf dccislon of .
tho Snprcoio the-lrmfed States; in the case 1 *
of Bred Scott. Botcrtaming,as I do, profoand re- .?•••
rerencefor tho decisions of that august and
standing rciidy.to ohey.ihem,. whenever-they “are '■
e&noeialed, !l haro lo be convinced.that '
constrnetTon'Chh bo fairly given to their action' iri r*,,
the easo referred'. to. ; -Such 'a’dbetnhc, ho matter how ■ *
sanctified,: or sappdrtod, wiil- shalm tho .very pilots -t ;• -I* (
of cmr ConstUuUoaal.Xabnc,..;lt would compel ove-j a -- : .
ry territory lo clcvato 'propCTty in slaves above’eve-7 ?
ry other description of: property,2—ami to establish a.- "
slave code in its, oarly municipal regnlalkms; or ';;- ,-:
else it would convert the Congress into a theatre of' ~ . .
crimination and confosibn, tied fill tho'whole renff/'' .
try with strife. And all this; without Eecnringaehiglc V ’
advantage to thoKorlh, or ( pro tec ting asioglc right
of the Sooth. ’ , ' r , :. '.r .. .
Kigarding myself as fnily comnTilted to'the doc- !'!' 7
tripe of popular sovereignty/in Us-broadoit sense, ! Xi/s?
can never rubsribe to the“ theury of Cpagrcsshmsd in>- : V/
foryeblibo, as undeVatood and supported try the op
•ponents of this ifoctrine. By pbpufarsbveralgntyjT'— " s
mbaa 'no violation of the ■ ofitho .Soulhr-nn . >: :■*
appeal to soctiohal projudicea., - Onlho,coDtrafy,,l v,.p'
regard tho doctrino os tho omblKltmcnt or tho pOpa-u’ ; !r
lar in statos and territoric4 !; as IhoebncTjrrbtOT.of the " -**
rights and tho «qaality of SLitcc and people—and. ‘■'.Q
as the only means by which a vexed and dangerous- ;
agUatlonwill bo satisfactorily and .
: A tbeory eqnaliy lrtTetlfl»Htaa“becn
ia anolher -portloii of, lhe r 'lTo3cii; Ifc fias *
held that this gov«Tnment ? dlvi3ed } intC'frcejrtfd *-* : ;
alave Slates, aaltr ' was: framed hyr’bur
tionaiy fathers, ilannot r ehddre—that tty prfA
becorae fVee/ofj all becotflo : Jffneu^suph: ;
a dbetrino shall fie enforced - , : ‘the. coaslilutlbh! :
wiU ; have been subverted—Blafo''flartsTerguty>;" :
prostrated-rofiiie righls.' disregarded; dnd’the _7! 1
liberty oflho people destroyed.: It should tasel-'.’- 1 !.
an indignant reUuke frmn ovcry loycr
couutiy, and tbe blooiL'bopghtright of the peb,-;, . V
:‘pln and the states taceU- goveramcnC / ': <
r .-Übder thevoriotia-amnidmimta to U«rtimßti-'7:x
tution of lnflbensb ontha fc' >
;of patrouago from .fhe Governor to tho people.,..'.
This ia in accordancewllbL.tho-princinl&s oC ficlf-
AQhUQWiQdgetl.thai^i^: :
.relieving tho ; JExec^UvQ^!ram
'sponsibilitips, .it has;-dimiuished- 'js?:
maintain tbo <rights.pf tke- Stito ngainbt iFedrL&rv
cral and other, encroachmcn.tSj and
a greater eharn of rngponsibility.upon-UieiJeo!*-!;,;:.
pie.: Tho oxteusiyc patronage ol the.fe<iiraV'--i- v
. government, and;the large,salaries,
officers, in . comparison , with those! of the
present constant, inducements
overlook.the State iu lhc pursuit of »»*
live employments nnder the United.! 1
therefore, the!i^oro ; necessary y
should
increasing watchfulness.^'
. the United States
i .U 1 prin'ciplo
i .tion!oa.every-^^
;
i prohik^’
I. ' '•