HkuotcJi to politics, literature, Agriculture, Science, JHoralitij, anb eneral Intelliscncc. VOL is. STROUDSBUEG, MONROE COUNTY, PA. JANUARY 12, i860. N0.1. Published by Theodore Schoch. TERMS. Two dollars per annum in advance Two dollars and u quarter, half yearly and if not paid be fore the end of ihc year, Two dollars and a half. No papcrsdlscf ucd until all arrearages are paid, except at the option of the Editor. 1E7 Advertisements of one square ten lines) or less, one or three insertions, $1 CO Each additional inscr ton, 25 cents. Longer ones in propoition. JOB PR1WTISG. 'll.ivinc a jrcncral assortment of large, plain and or- O&inenlal Type ite are prepared to execute every tie acription of Cards, Circulars, Hill Heads, Notes, Ulank Receipts Justices, Legal and other Blanks, Pamphlets- &c, prins el with neatness and despatch, on reasonable term' t this office. . Q. DUCKWORTH. JOHN HAA'N DUCKWORTH & HAYN, WHOLUSALE DEALERS IN Groceries, Provisions, Liquors5&c No. 80 Ocy street, New York. June 16, 1S59. ly Governor's Message. Executive Chamber. IIaRRISBUUG, January 4, 1860 To Oie Honorable the Senators and Mem lfrs of the House of RcprcsenUifircs of the Commonwealth of Fcnnsylvo da . Gentlems: provision of the Tama, wuicn xnn Governor, from time to time, to give the General Assembly information of the ststo cf the Coaainonwtaltb, I am most happy, on this ooca.-iou. auin to congratulate the representatives of the people upon tho highly favorable condition of the finances of the State Tho receipts nt the Stste Treasury, from all ?ourcesf for the fiscal jeai ending on the 30th of Number, 1659, were g3, 826,350 14, to wh;ch add balance in 'Treasury, December 1, 1858, $392,027 76, and it will be seen that the whole ura available for the year, was 4,719, 577 "90. The expenditures, for all pur poses during the ?fetue period, were, $3, 879.054 81. Lcavine ac available bal- nnce in the Treacurv, on tho l?t day of 4 December, 159, of 5839,323 09. Inclu ded in the expenditures for the fiscal year, are tho following sum., viz : Loan Redeemed, S340.302 30 Kelief note3 cancelled 4,137 00 Interest certificates paid, 4,843 30 Making of the public debt ac tually paid, during tho year tho sum of 849.282 60 The funded and unfunded debt of the Commonwealth, on the 1st day of Decem ber, 1853, was as follows : FUNDED DEBT. i per cent, loans 5 do 4i do 4 do S445,1S0 00 38,420,9uf 67 388.200 00 100,001) 00 Total funded debt 39,354,235 67 UNFUNDED DEBT Belief noto outstanding S 105.350 00 Internet certificates 23,357 12 do do unclaimed 4f44r 33 S02 50 . Domestic creditors Total unfunded debt 133,953 00 Making tho entire debt of the Com Kionwralth, at the period named, 39, 468,243 67. The funded and unfunded debt of the Stale, at the close of the last fiscal year, December 1, 1659, etood os follows : 0 per cent, loans do 4 do 4 do S i 00,030 00 37,025.103 37 368,300 (10 100,000,00 ToUi funded debt 38,513,983 37 UNFUNDED DEBT. Kelief notes in circulation, 8101,213 00 In'xt certificate outstanding 18,513 82 do unclaimed 4.44S 38 Domestia creditor 802 50 Total unfunded debt 124,977 70 Making the publio debt on the first day ot JJecemDer last, :r.i'3,SMyjj U7 Since the close of the fiscal v8r the Commissioners of the Sinking Fund have redeemed of the five per cent, loans the . - . . um ot 51 ou.uuu, leaving the rral debt of the Commonwealth at tbif t.o;e, funded and unfuuded, $3-i,476,9Gl 04. If we deduct from this rutn tho amount of the bonds received by the State, from the sale of her public works, and now held by her, as follows : Bondsoi Penn'a. Railroad Co. 87,300,000 00 do Sunhury & Erie R. R. Co. 3,500,000 00 do Wyoming Canal Co. 281,00000 Total 11,081,000 00 : In complying with that sar3' expenditures of an economical ad- General, a true and correct statoment, cx- Coi,titution of Pennsyl ministration ol the government, can be ( hiting tho amount of said tonnage, soloa- Kes it tne dutv ol toe vuunv mti Huuuuk mo iiijuusiiiuu oi a ( ueu or receivea, anu me instance so car- fie have S27, 397,961 07, the remaining j county of Chuton, a distance of eighty xlebt of tbe Comu.onwealth, tbe principal j one miios, is finishedjpassenger and freight and interest to be provided for, from the trains pawing over it daily. The Wet ordinary sources of revenue. j ern division, extending from the city of It will bo observed, that from tbe 1st Erie, to the borongb of Warren, in War- tiay of December, 1858, to the 3lt day of Deeember 1859, a period of thirteen mouths, besides meetiug all the ordinary demands upon the Treasury, there has been actually paid, on tbe principal of tbe public debt, 81,009.282 60. When it is remembered, that during this period, the law reducing the State tax upon real and porsonal estate from three to two and a half mills, has been in full force, and that nothing for the last year has been received from the Pennayl rania railroad company, on account of tax on tonnage, making the receipts from those two sources of revenue, less by four hundred thousand dollars, than they were for the preceding year, it is a source ot congratulation that, under such oir- cumstauces, a result ho favorable has been delay its vigorous prosecution, another produced by the ordinary operations of year will not pans before the entiro line the Treasury. of the road will be finished and in use; For nearly two years past, the State thus affording a direct and continoua has been entirely free from the ownership communication, by railroad, from the or management of canals and railroads, oity of Philadelphia to the harbor of Erie, and the gratifying result, thus far, iu, By the twentj-aocond section of the act that her public debt is now less than it approved the 1 Stb day of April, 1846, en has been since the year 1842, and is do- titled "An Act to incorporate the Penn creasing at tho rate of nearly one million sylvania railroad eompany," it is provi of dollars per annum. It is now morally ded, '-'that all tonnage, of whatsoever kind certain, that nothing but the grossest mia- or description, exeept tho ordinary ba- .u.iuaRKun;ui ui me uuauumi imcri'Ms oi gago oi passengers, loauca or received at ; government to impose the tax, and to the Stato can prevent its sure and epeedy ilarrisburg, or Pittsburg, or at any in j compel corporations of its own creation extinguishment. Why nhould not Penn- termediato point, and carried or conveyed to obey the law from which tbey deriro sylvania press onward ont'l she is entire- on or over said railroad, more than twen- their existence. When it is rememberod, ly free from debt 7 She is no longer en- ty miles, between the 10fh day of March that the tax was originally imported, iu gaged in the construction of great works and the 1st day of December, iieach and 'order to indemnify the State, to some ex of internal improvement, nor i she the every ydur, shall bo subject to a toll or tent, for losses which she was sure to?us proprietor of railroads and canals. Re- doty for tho use of tho Commonwealth, at tain-from a competition, which was iu liocd of these, governmental action is the raie of five mills per mile, for each ' evitablo, between the railroad authorized, greatly simplified, and is now happily lim ton of two thousand pounds; and it shall and her main line of publio worke; and ited to subjects of a purely governmental be the duty of said company, between the that this competition did, not only serious character. Ilnvii'g ceased to be interes- 20th and' 30th days of July, and betweon ! ly affect the revenues of the Common ted in ordinary banners pursuits, it in her tho 1st and 10th days of December, in 'wealth, derived from her public improvo plain duty to devote her best energies to each anil every year, after thirty milefl uientt. but ultimately induced tho aale of relieving her people from the burden of an onerous debt. When this great result snail nave been accomplished, the neces- otatc lax on real and personal estate tDC remaining sources of revenue being D!0r! iban ufiicient for all legitimate pur- poses. Until that end, so anxiously look- a ,0 u eecured, true wisdom, as well as sound policy, dictates, that our renources sitould oc oaretuily husbanded -that none ot our present sources of rnvcnuo should ue cut on or diminisueu that all depart ments of government .hould consult a proper ceouomy that all extravagant and unnecessary appropriations should be a voided and that every new schome for embarrassing the tresrury should meet with marked condemnation. Encouraging, as arc tbe results of the pa?t two years, it must not be forgotlon mat -we uave just commenced tne pay ment of the principal of our debt; and that to prevent a oiiaapplication of the public finances, and thereby insure a con tinuance of it? reduction, fom year to year is manifestly the first duty of those placed by the Ccu?titution in charge of the pub lic Treasury, and to whom belongs the exclusive right of raisins, economizing t A t. . . n . and appropriating the public revenue. I earnestly commend this whole subject to ! the careful attention of tho Legislature entirely satisfied, that, as it is the most vital of all the interests committed to tho chargoof tbe Genoral Assembly, it will receive that consideration which its impor txnee so eminently demands. In my lat annual message, T oommu nicated to the General Assembly all that up to that period, had been done under the act, entitled "An Act for tbe aale of the State canals," approved April 21, j 1858. Sinee the adjournment of the last Legi-lature, satisfactory evidence bavin? been jiven to me, of the compliance of the bunbury aud .brie railroad company, with tbe conditions mentioned in the third Eection of the act referred to, tbe State ; Treasurer, under my direction, has deliv- I ered to the oompany the canal bonds for ! two million of dollars, deposited in the 1 I reasury under the provisions of tbe said act. Tbe railroad company Las also become entitled to, and has received, one million of dollars, of tbe mortgage bonds refer- red to in the sixth section of the same act; leaviug mortgage bonds amountinu to two and a half millions of dollarr, still re maining in tbe Treasury of the Common wealth, to be delivered to the company, Iroru tune to time, j)ari passu, with the progress of the work, as ascertained by tho returns aud cBtimates of the chief en ginncr of the said company. When the bonds last mentioned, shall have been sur rendered to the company, as directed by law, theStnte will still bold, as absolute owner, three and a half millions of dol- lars of the mortgage bonds of tbe oompa- 1 - J " ; B'X 8UCC8eding J'--;. as mentioned in the net f Assembb' v5th interest, at the rate Of five !er Cfllltntll liUVafole SCini-annual- : ly, oil the thirty-first days of Jouuary , f, r j 7 r t and July of each year. Tntorestcd, as the Commoawealth is, in the early com pletion of this important thoroughfare, it afford? me great ploasure to be abla to inform the General Assembly, that tbe progress of the work, for the past year, has beeu highly satisfactory. Tho Eastern division of tbe road, ex- tending from Sunbury, in the couuty of Northumberland, to Wbctham, in tbe ren county, a distance ot sixty-six miles, is, also, completed, with regular passen ger and freight trains now running over it daily. Making one hundred aud forty neven miles of railway, along tbe line of the route that have beeu already brought into practical operation one hundred and sevon miles of which, exclusive of sidings, were finished during tbe past year. On the intermediate portion of the line, be tween the borough of Warren and Wheth- am station a dbtauce of one hundred and forty miles' ninety-five and a half miles, are traded, leaving but forty four and a halfiniios yet to be graded, to place the whole of the uufluiabed portion, of tbe super - structure. If no untoward event shall or more of said railroad shall have been completed, aud in use, to cause to be made out, and filled with the Auditor nod and conveyed, during the respective periods intervening between the said 1 0th day of March, and the 20th day of July, and between the said 20th day of July and tho 1st day of December, in each , and every year; which said statement j shall be verified by tho oath or affirma- ; tion of the receiving or forwarding agent or agent?, or other proper officer or offi cere, of isid compauy, having knowledge of the premises; and at the time of filing said statement, or on or before the said 30th diy of July, and the 10th day of December, in each and ever year, the said company shall pay to the State Treasurer, the amount of said toll or du ty, so sccruing for the use of tho Com monwealth, during the respective interve ning periods before mentioned." And, in a supplement to the act just referred to passed on the same day, it is further pro vided, "that in case the said company shall, at any time, fail to pay the toll or charge on tonnage, which may accrue, or becomo due to the Commonwealth, under the provisions of said act, the same shall be and remain a lien on the property of the said company, and shall have prece denceover all other liens or incumbran oes thereon until paid." By the act of the 27th of March. 1848. the tax on ton- nage of five mills per ton, per mile, from tbe 10th of March to tho 1st of December, was commuted to a tax of three mills per ton. tier mile, during the whole vear. oubsquently, by the act of the 7th of ay 1855, lumber and coal were made exempt from the tonnage tax. Id pursuance of the provisions of the several acts referred to, tbe Pennsylvanin railroad company has paid into the Treas- ury of tbe Commonwealth tho following sums, viz: For the fiscal year ending Nov. 30, 1851 87,521 93 16,630 49 65,228 59 112,880 60 129,230 56 226,018 51 179,933 75 222,363 02 Do Da Do Do Do do do do do do do do do do do do do do do do do do do do do do 1852 1853 1854 1855 1856 1S57 1858 Since July, 1858, the railroad compa-J a? nas reiunea to pay tms lax. ana con equcntly company there is now due from said company, on that account, exclusive of interest, the sum of 3350,405 00. On tho 21st of February, 1859, an ao- count was settled, by the xiuditor Gener- al, agitinst the company, for the tax on tonage, from tho 21st day of July to the 30th day of November, 1858, inolusive, amounting to the Bum of $87,375 22 rrora this settlement, tho company, on the VJh day of April, took an appeal to tbe couit of common pleas of Dauphin' county; aud, in tho specifications of jections which were filled, it was averred j road in a position to reeive the inai me tax, was unooiisiitutioBai, ana an . ioro, iieoossary io repeat me suggexuons opinion to that effect, signed by eminent' aud conclusions then presented. They counsol, was filled in the office of the Au-are again, however, commended to your ilitnr (ntnl nt iUn ti mo tl.o ,(,mr.l .lfnynmliln nnrmiflr;itinn? t.b.f. noniit nnrl eutcrred. " In August last, the cause was; tried, and after a full investigation aud J ing increased tho conviction of their pro argument, the constitutionality of tho law prioty. This is especially the case, iu imposing the tax was affirmed bj the . regard to the plan devised by tbe act of 1 court, aud a verdict and judgment ren-'20th of May, 1857, for the due training uered in favor of the Commonwealth, for' of teachers for common schools of the the amount claimed, with interest. Tho . State. A full supply of competent teach caae has since been removed, by a writers, is admitted by all, to bo the great of error, to tbe Supreme Court of the j State, and will, probably, be heard and . determined, by that tribunal, in the course of the present winter. fact, but point to tho general adoption of On tbe 25th day of August last, anoth- the proposed means, at uo distant day. er account was settled against the compa-1 The efforts of tho teachers, themselves, ny, for tho tax on tonage, from the 30th for professional improvement, encouraged day of November, I858j to tho 20th day and sustained by all who duly ebtimata of July, 1859, amounting to the um of tho value aud influence of the tuaohor's 8159,368 58, from which an appeal has office, not only foretell this, but the strong alao been taken by the railroad company, public etiment in favor of institutions for and which will probably bo tried during the purpose in question, confirms the pro tho present month. bability of this result. In ovory quarter, As this questiou largely affects the rov- onuos of the Commonwealth, and as tho principle involved is one of the first im- portanoe, I havo deemed it a duty to lay before the General Asucrobly,- somewhat in detail, the history of this tax, and tbe present condition of tbe legal controversy , growing out of its imposition and enforce-, ment. It will be observed, that the pow - or of the State to grant chartered rights and corporate pmiliges, to a railroad ;Ooinpany. upon the coud.l'oi that it shall pay to the Commonwealth a portion of its earnings, in the hape of a fixed tax upon the freight carried over the road, is questioned by the company, and that, too, after the grant has taken effect, and while the corporation in in the full enjoyment of all tho benefits conferred upon it by it charaoter. The question, it is true, is a legal one, and its decision, therefore, reBts with the judicial department of the government; but, I have not the slight est doubt, that the decision, when had, will entirely vindicate the right of the the maiu line to the railroad company i itself, at a price many millioua of dollars below what it would have produced, in the absence of such competition, it is cer tainly not to be presumed that the Com monwealth will willingly yield her de mand for revenue from this source, until she is, at least, fully indemnified for the pecuniary injury sustained in the depre ciation of her own property, by her liber ality extended to the company which now denies her power to enforce a oontract, voluntarily entered into, upon a consider ation entirely adequate. The annual report of the Superintend ent of Common Schools, with the tables and documents accompanying it, will ex hibit the ooudition of the vast engiuo of social improvement to which it relates. The number of pupils, in all the public schools of the State, is 634,651 of schools, 1 1,485 and of teachers, 14,071. The schools have been in operation, on an average over the whole State, five months and nine days. The average sal ary of male teachers, is S24 36, and of female teachers $17 79, and tho coat of instruction, per pupil, fifty-three cents per month. The average tax for tuition, &o, i3 about five and a half mills, and for building purposes, about three and one sixth mills, on the dollar. Including the city of Philadelphia, tho entiro eost of tuition, &c, was S2,047,661 82; the buil ding expenses S531.41 3 85; and the whole expense of the system, in the State, for the year, S2,579,075 77. Though tbe school year ending on tho first Monday of June last, was one of un usual difficulty in money affairs, yet the system manifests an encouraging activity in alls its departments, while the rate of taxation, both for tuition and buildinDs. would appear, from the official report, to have xomewhat decreased. But, it i by a contrast of the present condition of tbe systom, with that of 1851, when tie agen cies now operating so beneficially, were created, that resultB are tuoft plainly seen. Within that period, tbe whole number of pupils has been increased nearly one seventb of teachers, one-thirtecntb and tho salary of teachers, the host index of improvement, one-sixth for males, and one-fourth for females. These results, with the others which the official report will exhibit, unerringly point to tho duty, bs well as neaoasity, of the utmost oaro nnit. attention, on the part of all publio agent's, to this primary social institution primary in importance, no less than in the career of each citizen. To stregtben, to retain pure, and to nronorly direct. tn" fo"otaiD n8d of social influence, is, it seems to me, the groat duty of the law maker, in his highest and most responsi ble capacity, as the framor of the future of the State. The attention of the General Assembly j was called, somewhat at length, to the existing condition and further requiro- ob-;uieuts of our .school system, iu tho annu - al message of last year. It is not. there- experience of the intervening period, hav . - need of tho syBtem, and the firht want to be provided for. Unerring indications, ,in every quarter, not only establish thin r- B , , indications of this Kind aro perceived more or less strong in proportion to the force of local circumstances. In the Second Normal district, composed of the counties of Lancaster, York and Leba- non, an institution, up to the full require- ments of tho law of 1857, has been es- tablisbed and officially recognized, and is ow in sucoeaHful operation, as a State Normal school. Fonts details the Le- gislaturo rcpcotfully referred to tbe ; annual report of the Superiudeut of Com- raon Schools; but, I should do injustice iu mc lutuuigeui enterprise which mould- pnsc year ; navmg under its charge one ed, and the enlarged philauthrophy which hundred boys, who, wbilo they are care produced, thin noble institution, as well fully instructed in all thoBo branchci of as to my own feelings, were I to forbear, science which pertain to a high order of congratulating you upon the result. It is education, are daily engaged in all the tho first fruit of a law which seems to be practical operations of the farm fitting as much in aocordanoe with the cautious,: them to return to rural lie. and to infuse yet generous, character of our people, as' throughout the State an amount and kind it is admirably adapted to effect tho great of knowledge which must ultimately pro end in view. 'duce a most beneficial influence upon this All that Beems lequisite to give full cf-jmost cherished branch of industry. Tho feet and general success to the plan, i, at practical vrorkiogs of the school, for tho this juncture, to guard it from mutilation, pactyeaT, have impressed tie trustees, or radical change. 17 the intelligent and' who have it in charge, with tho highest liberal miuds that are new weighing the hopes of its complete success. The great project, aud contocplating its extension intercut which is everywhere felt through to other parts of the State, be assured ' out the Commonwealth, in the further ex that this is the settled policy, their efforts j tension and progress of the institution, will bo concentrated, their activity ic-: commends it to our care and protection, oroased, and final success be hastened. ! The State Librarian will report to you Whereas, radical or importaut change?, ' the completion of the descriptivo and olas will destroy this growing confidence, crufcb i ftificd catalogue of the books in the State the hopeful efforts now being made, and Library, authorized by the act of the 16th postpone for years, if not totally destroy, j of April, 1858, a work, from the details all hope of success in this essential de-;it embrace, of much labor, but which partment of public instruction." The true ' will greatly facilitate the use of the Li course will be to cherish the law, and , brary. It will ha seen, from his report, bring it into general operation, by hold- that the origin of the Lirary dates far ing out tho certainty of State aid to each i back in the history of the Provincial gov institution established under it, a soon j eminent, and that it received the foster as a certain number, to be fixed by law. i ing care of the Commonwealth during the shall have been legally recognized, and ! period of the Revolution. It 13 gratify are in full operation. The money of the i ing, that, notwithstanding the waste to State, appropriated in this manner, will ' whioh it has boon subject in post years, effect more benefit, in proportion to the j owing to the went of proper attention, outlay, than m any other 01 tho operations et the system. I he instruction of the ehild, ia a duty; but tbe instruction of the teacher, is economy as well as duty. It will probably be advisable to make such appropriations, payable only when the sohoob are legally recognized and in full operation This oourse will have tho double elfeot of guarding against loos by the State, and of stimulating, into early existence, a sufficient number of institu tions to aupply the existing want in every quarter of the State. The period for the third election of County Superintendents is rapidly ap proaching, and the public mind will nat urally be turned to the results of the of fice. My own observation, as well as in formation from various and reliable sour ces, leads to the opinion, that this office, when filled by the proper person, and it duties discharged in full nnTnr.linrifn with n - y the design and spirit of the law creating it, has been of great advantage to the schools. Indeed, ntf candid nerson can deny tbo fact, apparent to even slight oh ft servation, that more improvement has been effected in the workings and results of the sy6tem, since the creation of the office of County Superintendent, than in any previous period of even double dura tion. It ia true, that when exercised by incompetent officers, or crippled by in sufficient compensation, little, if any, ad vantage has accrued. But this is no ar gument against the office itself; and it is to be hoped that the directors of counties thus heretofore deprived of tbe benefit of this agenoy, will, at the next election, acting under the teachings of experience at home, and the li.?ht of success from other parts, correct this evil und realize the full benefits of this provision of the law. The increasing ease and soundness of our financial condition, will, at no remote period, justify an addition to the common Bohool appropriation The general poli cy of the State has been ibat each dis trict shall raifa within it-elf the main support of its own fchool?; but, an annuul donation, distributable amongst them all, in proportion tc population, has also beeu a part of that policy. The object of tbi? State grant scorns to be two fold: First It is a means of securing ragulsrity in the proceedings and reports of the seve ral districts, ao tbat the Department of Common Schools shall have the requisite information for the due discharge of its function: And second- it lightens, in isoiae degree, tho burden of local taxation, to the relief of the poorer and more sparse ly peopled districts. An increase of the annual appropriation would enhance both theso objects, and, whenever tho finances of the government will justify it, coui aicnds itself to the favorable considera tion of the Legiblature. The aid which the Legislature has hitherto extended to the establishment of the Farmers' High School of Pennsylva nia, strongly evinces their high apprecia tion of the advantages which it ic antici pated will grow out of that institution While it must be admitted that knowledge upon nia own onecK cxciUMveiy. uts ao is as vaseoli.il to tho art of firming, as it : counts aro settled by tb Auditor Gener is to all tho other employments of life, ! al, once s month, and tbi is, apparently, wo cannot but feel deeply interested, that ' the only safeguard provoded by law to a cominuuity o peculiarly agricultural present tbe illegal u?a of the public funds as we are, should havo ali tho advauta- while under tbe control of tbe State Trea ges of an education n-hich combines in surer. Tht the Treasury of the Gora itnelf, m well tho knowledge of the prao- iiaonwcalth has hitherto pscuped from dis tical art of agricultural, ai$ scientific ao- astrous defalcation, is owing to the integ quiroments in all those branches of learn-, rity of the officer, and not tbe efficiency of ing which aro especially applicable to its the law; and while our main reliance, in profitable pursuit. A school where agri- tho futuro, must be on the honesty of tbe cultural is practically taught, is a new officers to whom the department U entrus field to which our attention has boen call- ted, it is, nevertheless tho plain duty of cd; and ono which, beoauso of its great the government, by proper legislative cn importanco, well deserves our attention, actments, to prevent, as far as possibe; the It embracos ihe principle, that wbilo youth illegal, improper orfraudulout uie of tho are taught habits of industry, thoy arc funds of tbe State by a faithi or di impresned with tho proud consideration, honest publio agent. I respectfully ro that the labor of their own bands coutrib- commend that provision be made by law utes to their acquisition of knowledge. that no money sball bo deposited in any Aud thu1, too, education is brought villi- bank, or elsewbero, by tbe State Treaaur in the reach of many a bright gnius who er, without firt requiring stourlty to ba would otherwise trugglo and languish given to the Common wealth for tbe prompt for the waiit of tho mean's of acquiring it. r'c-pajment of the sums doposiied; iiat " . W - . Our school, within n- limited means, has ; been in suoccfe.-ful operation during the i uuder the careful supervision of the pres cnt Librarian, it has, since he has had tbe oharge of it, nearly doubled its num ber of volumes, and now contains in all 22,000 volumes the largest State Libra ry in tbe Union, with the single execu tion of that of the State of New York. The collection of law books, and especial ly law reports, is considered by those competent to judge, among the best in tho country. Tho Library, from its intrinsic value and importance, and its historic re- jlations. deserves, and I trust it will re ceive, the continued liberality of the Le gislature. In my inaugural address, 33 well as in my last annual mes-age, I expressed the opinion that our present banking ajaiem wai extremely defective, and that, unless it were radically changed, I should con- eider it an imperative datv to withhold tti V. the Executive approval from all bills ore atmg new bank-. Without again giving in detail the reasons which influenced my action on this question, or repeating tho suggestions and recommendations hereto fore made to the Legislatun , it is proper to remark, at this time, that my convic tions have been confirmed, by time and reflection that my opinions remain un changed, and that I cannot approve of any increase of banking corporations un der existing laws. If corporate privi leges, for banking purposes, are needed, to accommodate the business wants of any portion of tho State, justice requires, that aucb institution should be compell ed to protect the community receiving its circulation, by requiring that ample security shall be givfh for the prompt re demption of its not-s, the sufficiency of which no act of the corporation could impair. All experienco in this State, and elsewhere, baa demonstrated, that tho present system affords little or no pro tection to noteholders, beyond the per auu, juiegrity oi mc onicers controlling tne njannsemeut ot the several banks. For a full exposition of my views on this question, I re.-pectfully call the attention of the General Assembly to my last annu al message. The reports of the Auditor General, tho State Treasurer, tbe Surveyor General, th AdjutaDt General, and tho Attorney General, will be laid before you, and will alio in detail, the operations of their re spective departments for the past year Deeply impressed with the belief that tho present mode of receiving, keeping and disbursing the public revenue, i en tirely unsafe, and inadequate to the com plete protection of tbe interests of the Commonwealth involved, I again rospect fully, though earnestly, invoke legislative action on this highly important subject. Tho receipts and disbursements of the Treasury aro each, annually from three to four millions of dollars. At time there is on hand a balance exceeding one mil lion of dollars. The State Treasurer gives security to tbe Conmonwoalth in the aura of only eighty thousand dollars. He deposits tbe money of the State when and where he pleases, and it is paid out 1 , 1 1 TT -