it s VOL. i-m. 21. CLEARMELD, PA., WEDNESDAY, JANUARY 13, 18-58. BY S. B. HOW. 5 Ol'ltSISTElVS GRAVE. She died! "tuidst the flowers, And we dug her a grave. '.Neath the sheltering boughs, Where the tall trees wave. Towering majestic above the mound. M'here Clarissa sleeps in the cold. cold ground. Each forest king. To betoken' his grief, In silent sympathy. Drops down a leaf, M bespotted. or yellow, or dotted with red. A token of remembrance to the silent dead. Sad wailing winds. tung a requiem deep, Over the grave. Where our sister sleeps. Like a faded flower or a withered leaf. JJer days, alas! were almost as brief. 'lis as lonely a spot As eaa be found. Amidst the marble Slabs around ; Yet yer mother loves to linger there. And weep for her child with raven hair. That loved ono dead, JShe found no rest, for her tender feet : On the enrth's'coM breast. n ear'y called, and early blest. Rest. in the arls ot safety re-:l. Tho" our hearts have been riven, By the blow which was given, A bright chain i f love Iraws our souls nearer heaven. Where, by no care nor sorrow oppret, Peacefully that loved one in glory rests. Tho' the spot be lonely. With the dead around, Still welove to think. Of ncu :iieath the mound : And her mother loves to linger there. To weep for her child, now an angel fair. Brady Tji.. Fa.. Jon. Otu. 1333 J. It. A. IIOSS HEAD AM TIIJ fop, A UCJIOKOl'S SKETCH. Hotels have now become so numerous In cities and f ire so reasonable , that tt.ey ;fre the resort, at times, of nearly all classes of society. The man who can ah'ord to travel from home, fan a fiord to stop at a hotel; and as landlords nro Misart enough in general to regard the wants ot the million as well as those of the millionaires, we find the rich and the poor, the Idult and the humble, side by side at the hotel tables. Homespun there sports a silver fork with as much gusto as Mr. Broad cloth, and the humble "Sally" is as much entitled to and enjoys as fully tho good things of life at the richly loaded table ot the hotel as the ac complished Miss Josephine Martha Washing ton Victoria Maria. Consequently the hotel i is a good place to study human nature, for I there we see men, and women, too, from all the walks of lite, and of all classes of charac ter. -liien est tonus meet," and when such is the case, amusing incidents are Euro to occur. Sitting one evening in the oflice of the O. House, in Cincinnati, my attention was at tracted toward two genuine and unadulterated lops who occupied seats near me. A descrip tion of them would be uninteresting, for there is no community in tbis broad land of ours without its fopsj r.nd a Coy is a fop. and noth ing else., the world all over. They admit of ne distinction ci'.y fop and country fop; mid they differ only iu the extent of their dress, or exterior display, it being conceded, I be lieve, that fops possess merely suriicient brains to make an animal a human. The individuals referred to were city lops, diminutive speci mens of humanity, in every regard. (lii'j of them had received a letter from a lady, which he read to his companion, to whom he declared the writer was "chawiiiing beautiful ; but as she was without a pwo.-qtect, ( for a fortune,) he could not return her love." Jle vowed that the billet doux annoyed him i-xceedinglv, as he disliked to break the dear creature's heart. While they were thus en gaged in conversation, a tall, strapping 1 lousier i tutored the hotel. He had a "liuena Vista" : .n his head, and a red flannel "wanms" on his shoulders, w hile his lower extremities were in j brown linsey pants, and tiic stoutest hog skin j hoots, His'hair was long and scraggy, his ! face unshared, at least for a week, w hile his whole form was covered with dust, which in- j dicated that he had Just arrived by railroad. ; In one hand he carried a bundle, which was evidently his clothing tied up in a '-span new" j yellow and red cotton handkerchief, and in the j I.ther hand a stout but rude walking stick, not s long since from its mother hickory. 11c had ! that awkwardness of gait peculiar to country- j men whose days a: e spent almost entirely on j farms, and whose minds arc devoted to the j one thing most sought after, Lut not the most ! desirable, the accumulation or wealth. He ! paused a moment at the door, glanced at the j crowd w ithin, and at once attracted the alien- tion of the Cops, who immediately gave a sort ' of consumptive laugh or sneer, at the homely j appearance of the stranger. ! "Is this yer a tavern ?"' He inquired of the j fops. ! "A twavern ? horrible!" exclaimed one of the fops, holding up both hands. "A twavern, indeed ?" said the other, 'he must b from the woods, Chawles," and both renewed their laughter. The Hoosier gave them an indignant look, and was about to reply, when the clerk, who had observed him, approached and iuformed him that he was at a hotel, and inquired if he wished to stop. "Stoy? sxitin I do," was his response; "you don't reckon a feller wants to pass sich a smart tavern as this yer, without stoppm', do vou Kurnell 1 "lliirdlv: sir will you allow tnc to take yonr bagg'agc and furnish you with a room ? ; "Just as youve a mind I'm not at all pa par- tienlar xn T trt .iv ffet o' bed. and a hull placeatthe table. Golly hutan't thisascrou gin' town ?" "Quite a place, sir. Walk this way if you please, and I will attend to you immediately,' said the clerk, as he took the Hoosier's bundle. "Wall, now, you're uncommon perlite, stran ger, but I reckon you make a feller pay for it all in the course of sarcumstanccs ; but as you're sort or human set right up to a feller what's in a strange country I'm the chap to square your bili for fodder to figure, when you fotch it up. That's my way o' doin' business, Kurnell." "I have no doubt of it, sir," said the cleik, smiling and handing him the book for that purpose, asking him to register his name. "Do what 1" inquired the stranger, some tvhat astonished. I "Recristcr vour residence m this book, sir. "Right dow n thar V "Yes, sir." "Cum now, Kurnell. none of your tricks," said the Hoosier ; it kind o' riles me to cum across sich critters." "Oh, sir, no trick, I assure, you. We re quire it of our visitors, as much for their own as our benefit ."' "You don't tell!" "Yes, sir, it is a fact." "Want to know whether they can write, I reckon. Wall that's on a squar. When a fel ler goes away from hum, he ought to show his ederkation. I only learned to write when a shaver, but got up purty high in figures. I'll give you a specimen of my chickography, as old Squire Smith calls writin', in darned short order; "and the traveller took the pen, squar ed himself to tuit, and leaned over the book towiite. His oddity attracted the attention of all in the oflice, including the two fops, who, amused at his remarks, gathered about him at the clerk's desk. The pen iu his hand ha 1 touched the book, when he paused, and alter reflecting a moment, raised his head, and addressed the clerk in the following style : "Kurnell.do you want all of a feller'oname?" "We would like to have your name in full." 'Tuil name ! Wall, that's a puzzler. You see mv f.imilv name is Ilemplield, and then my christian name is John Isaiah, that thar's John Isaiah Ilcmpfield isn't it J" "Yes. sir." "Wall then, the boys down our way consid- erin' me a rizht smart chan. kind a gin me a second cristanin' t he v called mellossllead. The information so innocently given, caused a load burst of laughter from the crowd. Hoss Head participated in it. for he lovect a laugh, and could be as merry as the next one. "A rale smart name, ain't it boys V he ask ed, alter tho lauirbter had somewhat subsided. "Would you put it down in the book ?" "Certainly, certainly," cried all. In a few minutes the stranger, after giving his pen many circular movements over the book, and changing his position several times, succeeded in writing h:s name in full, as fol lows : fir. John Isaiah Ilcmpfield IIoss Ilead, Per simmon Post Office, Yallcr County, Indiana. He pointed to his specimen of "chickcgraph- v," with itr.de, and seemed wonderfully pleas ed with the fulsome praise bestowed upon it by the gentlemen present. Lxoresstn a desire to tret fixed tip, the clerk showed him to the wash room, when the fops who had endeavored to enjoy thelloosier's greenness were struck with an iaea anout such a one as generally racks the addeled brains f men if men they may be called of their slimp. Anxious to display their smailrifss, and create amusement at the ex pense of another, the fops seized the porter's brushes and eivin-r the crowd a knowing winu as miKh as tc say we'll make f un for ycu, ap- uro.iched IIoss Head 'Shall I bwush vou, sirrah V he asked, eud.-'avorintr to ldav the servant. "Wall, now, iy thunder !" exclaimed IIoss Head, as he dropped the soap from his hand and ceased i. is ablutions. "1 always was good at gr.esin', but this boats ail creation. Look vfii. Kcrnc-11. addressing tnc clt'VK "I no sooner Sied these fellers to-night than I guess ed ri'ht out that they was servants." I'lwi tir.Kf.-TViiis l.inffh which followed was to ! ihfi-hasrin of the fops "They just look," he continued, "as n tuey w.irn't made for nothin' else than to scrape the mud from a feller's legs and do llttl chores around a tavern. I thunk that when I first seed "em ; and by thunder warn't- I right, though ? Brush me ofl ? Sartainly! and (w ith a dignified air) nnud you make a clean sweep, or I'il re'.ort vou to Kuriiel, thar The l"o:)S finding that IIoss Head had put the ioke ui-.on them, endeavored to recover i.nt!nv informed him that he should not be liruslu-il unless he rtaid in advance. 'Tav in advance ."' was IIoss Head's indig nant ret.ly. "Thunder and salvation! don t the tavern pay you for .your lazy, trifling work? I n.ptnn vou "think I'm kinder creen, and want to skin me, don't you " "l:!i on ah we don't" replied one. '-Wo ah speaUii g the truth," answered tho other. Br this time IIoss Head was victorious, so far as the spectators were concerned. AVhile they could not sport with the Iloosier's ignor ance o f citv manners, they could but despise the senseless dandies w ho made him an object of ridicule. Every hit, therefore, which Hoss nal ave them, drew forth loud excbima tions for "the centh-man from the country, hi head a toss, which threw his o ' tat to one side, he asked : Ain't they fryin to skin me, boys l ' "Yes." came from a dozen. "1 ibnnk so from the start, and therefore was on the look out for 'em. "Squire Jones ; told me afore I left hum to look out for tavern ii,i,.vrs. and bv thunder I've run am'n two of I Vm rio-ht at the start." I -Do vou mean to insult us ?" asked one of ! the foi'S. forcettins: the part he had volunteer j d to play, and feeling that he ought to profess ! indignation on lieiiie called a tlnel. i "If the shoe fits wear it," was IIoss Head's I nointe.l answer. "Did vou appir me icriu tavern unci io uj aski'il the other fop "S u tin. I did." "Then, sirrah, we will let you know that we onlv assumed the character of servants. We are gentlemen, sirrah, and insist on youah tak imr back the obnoxious appellation, or wc will seek redress." .V.. sirrah, wo will seek redress with our nh." said his companion, as he flourish od a slim specimen of a cane over his head. "What!" exclaimed IIoss Head, drawing inmsMr out to his full lencth, and giving the diminutives before him rathera scornful look "What, you want to fight, do you? Just clear a ring, boys, and stand back, if you want in pi ni eat them two critters in half a minute. I can do it by any watch in the crowd Just clear the rinff Stop, stop," interrupted the clerk, who saw that matters were going too lar, "we can't have any fighting here." "Then lai n your sarvants to be perlite rvliod IIoss H?ad. re- "They are not servants, sir, and do not bc innr fr. fho bouse. They are not even board- - .t t .nrn vou. sir. I never saw them before this evening." . "Don't belong to the tavern, and tryin to "I presume, sir, they only intended to play a harmless joke." "That's all, pon honah," replied one of the fops, who saw that matters were assuming rath er a serious aspect for himself ana iriena. "That was all we intended, wasn't It Charles V "Pou onah, it was." "Kinder pokin' fun at ine, oh 1 Wal, now, I can stand a joke as well as the next man on airth, and Kurnell, I'll gin twenty-five cents all in silver, just to carry them ar men out of the house." "I have nothing to do with them, sir, and you can act at your own pleasure," replied the clerk. The fops, surmising the intentions of the Hoosier, started for the door; but ho seized them and said : "Hold on! its better to ride when it costs nothiug. I've got to tellyou a story, ami larn you a lesson before you leave this tavern, and grasping both tightly by the collar, lie held them as if in a vice. The fops remon strated, but IIoss Head, to the delight of the crowd, told them that there was no use a talk- in' lor they could not go until tuey ueara trie story. They consented to remain if he would let go of them, to which he did not object. Surrounded by such persons as are always found in a hotel office, Hoss Head, with his eyes on the fops, told the following story : ".My old man down in 1 auer uouniy owus as nice a larm as lays in an mem uiggiuga. On that ar farm he's got an old hoss, he calls him Dick, as good natured a critter as ever rubbed his nose in feed, and all anybody could say of him was that he was right smartly com mon in looks. One time a rich feller, who lives some whar in this town, was truvelin' in a carriage ana uroue uown rigni agin our farm. He concluded he'd go in the cars, and left his horses with tho old man to take care of em, and I must allow that a purtier pair of critters never rublied a brichen. The old man put them in the barnyard along with old Dick, and told 'em to make themselves to hum. Old Dick was monstrous glad to have compa ny and he cum rnnnin up to them in a neigh borly sort of a war, and throwcu his lieaa over fust one of their necks and then tho oth er, and was as luvin' as any gal could want her beau to be. The city bosses man t appear to like this much, and they kinder drawed back, took a good look at Dick, and seeiu' he was uncommon ugly, they just turned np their noses and flirted their tails and started off. This kinder riled old Dick, for he knowed he was just as good a hoss as lilted a hoof, and lifter thinkin' to himself awhile, he determined to have satisfaction on the two upstarts, who tho't they was better thaa him. So he goes up to them and turns his back to ttiem just this way," ana licre noss iicau goi uown on an fouis. with his hind parls to the fo, s. "After ho had stood this wav about a minit, he rared and kicked this way," aud the same moment one of his feet was in the stomach of each of the fops, and they found themselves sprawlin. on the floor. "Old Dick." said IIoss Head, unmoved at what he had done, "keeled them over, and by the time they war up he war thar, and he rared again this way ;" and the fops, w ho had just risen and were making lor the door, toutid themselves on their stomachs. "Our oid hoss kept follerin' 'cm up," continued Hoss Head, as he moved back slowly on all fours, "until he got the city bosses, who could brag of noth- in' but thar purty bar and thar Hides, rigni tty the bars, and he rared sort o' this way, and sent them both out of the barn yard a kiten," and taking good aim he gave the fops a third and harder kick, which sent them through the open door on the pavement. As soon as the fops could get up, tuey ran off screaming murder at the top of their weak feminine voices, which, however, were not loud enough to alarm any one. The specta tors of the scene nearly split their sides with laughter, as kick after kick was given, hearti- lv concurring in the opinion that Hoss Head was administering a jtisi auu wen m-scn punishment. After he had given the last and most fearful kick, tha Hoosier resumed an erect position, and participating in the gener al roar of laughter, said : "Wall, boys, I guess I learned them dan dies that the best hoss don't always snow the finest bar." The event made IIoss Head quite a lion at the hotel. Invitations todnnk were extended to him ofleiier than was desirable, wine was sent to the table, he was conducted in a carriage through the city to see the sights, and when at length he started for home, the landlord told him l.e had no bill to pay, and that he could consider his "hat chalked" for that hotel whenever business or pleasure cal led him to the cifv. John Isaiah Ilcmpfield IIoss Head expressed himself" highly delighted Aith the Queen city. ind all the people within it, except lops, and left the Western Metropolis a very highly tickled individual. The fops have not been seen since that '-ever memorable evening," when for a joke they assumed the character of servants. A celebrated divine, who was remarkable in the first period of his ministry for a boister ous mole of preaching, suddenly adopted a mild and dispassionate stvle. One ot his brethern inquired what induced him to make chantte. He was answered, "When I was young I thought it was thunder killed the peo ple : but when I erew wiser i discovered tnat it was the nehtnins so 1 determined to tnun- der less and lighten more." Others might profit by his experience. A Dead Lock is Minnesota. Ihe people of Minnesota have adopted a State Constitu tion and elected State Officers and a State Le gislature. The Government is all ready to go into operation, and the legislature lias assem bled at St. Paul, but there matters come to a stand, for tho reason that nothing can be done until Congress admits Minnesota as State. No laws can be passed, for there is no Territorial Legislatuie, and the State Legis lature connot act. Two Irishmen happened to get into an aflray, in which one of them was knocked down. ti: n nr. to him and exclaimed : "Artah, Dennis,if ye be dead, n't ye spake?" "I'm net dead, but spachless," returned the other. The bi-st-bopv. He labors without thanks, talks without credit, lives without love, dies without teais, without pity save that some sav, "It was a pity he died no sooner." A rural poet describing his lady love, says, iin is as craccful as a water lily, while her breath is like an armful of clover." The year 1858 will be a very eventful one to every oM maid that gets married. .MESSAGE OF OOV. POLLOCK. The Pennsylvania Legislature met on Tues day the 5th inst. Mr. clsh, from the l orfa. district, was elected fcpeaKer oi me oenaie, and Mr. Longaker, of Montgomery, Speaker of the House, (both Democrats.) On Wed nesday morning the organization was comple ted bv electing Wm. II. Miller clerk of the Senate, and Capt. Ziegler clerk ol the House. TUE JIKSSACE. The Governor commences by reminding the Representatives of the duties they have been charged w ith by the people, and that those du ties should be faittnuuy penormca, auu etcr be regarded by them "as paramount to every selfish or partlzan consideration." He would co-operate cheerfully with them, durng his term of oflice, in every legal and constitution al manner, to promote the prosperity of the State, and the general welfare of the people. The past year, with the exception oi me re cent financial embarrassment, has been one of general prosperity, and gratitude to Almighty God is expressed lor his numerous blessings. The finances of the Ooramonweaitn are in a very satisfactory coudition. During the past year, every demand upou the Treasury has been promptly paid Irom the revenues aenvcu from the ordinary sources. For the fiscal year ending Nov. 30, 1857, the receipts at the Trea sury, including the balance in the Treasury on the first day of Dec. 185G, of $i,-m,rJo 4, were S5,935,383 26. The aggregate expendi tures for the same period, were $o,40i,i rJ. Balance in the Trcasnry, December 1, 1857, $528,100 47. Excluding the balance in the Treasury on the first day of December, 1850, the receipts from all sources were $4,CU0,587 81. The ordinary expenditures for the same period were $3,9'J2,370 29. exhibiting Rn ex cess of receipts over expenditures of S008, 217 65. The extraordinary payments for the year were $1,414,906 50, as follows, to wit : To the completion of the Fortage railroad, $49,061 92 ; to the North Branch extension $138,798 85; to re-lay the south track of the Columbia railroad, $91,405 40 ; to eularge the Delaware division, S40.2G3 00; for motive pow er in 185G, $81,004 21 ; for repair? in 1S55 aud 1850, $49,501 78 ; lor the redemption ofloans, $820,097 03 ; damages on public works, $40, 552 05; old claims on the main line adjusted under the several acts of Assembly, $40,54S b7, and for the new StateArsenal and Farmers' llioh School. S45.000 00. The interest on the funded debt due in Feb ruary and August last, was then promptly paid, and "that falling due in February next, w ill be paid out of available means now in the Treas ur3. By virtue of the provisions of the act of the 13th of October, 1857, entitled "An Act providing for the resumption of specie pay ments by the banks, and lor the relief of debt ors," the State Treasurer will be enabled to pay the interest due iu February, in specie or its equivalent.. The credit of the Common wealth has been fully and honorably sustained. The promptness with which every legitimate demand upon the Treasury has been met, has inspired public confidence in our securities; and although recent and existing financial re vulsion may embarrass the operations of the Treasurv, and reduce, to some extent, the revenue", yet the ability of the State to meet her engagements and maintain her credit, un der an honest and economical administration of her finances, is undoubted. The houor and credit of tho State must and can be pre served intact. The Commissioners of the Sinking Fund re port the sum of SI14.220 29 ss now in the Treasury to the credit of that fund. This a mount will be applied to the redemption of re lief notes yet in circulation, and to tho pay ment ci the funded debt of the Commonwealth. The commissioners cf this fund, en the 7th day of Septemlter last, reported to me that the sum of S1,042,S57 61, of the debt of the Com monwealth, was held by them. As required by law," I directed the certifi cates and evidences of this indebtedness to be cancelled ; and on the 19th ot September,lS37, issued my proclamation declaring the payment, extinguishment and final discharge of $1,042, 857 Gl of the public debt. In addition to the amount reported to be in the Treasury to the credit of the sinking fund, and applicable to the payment of the public debt, the commissioners of the fund now hold the sum of $7,500,000, bonds of the Pennsyl vania railroad co., pledged by law to the pay ment of the funded debt of the Commonwealth. By the 4th section of the 11th article of the Constitution, as amended and ratified by a ma jority of the qualified voters of the State, at the general election held on the second Tues day of October, 1S57, it is made the duty of the Legislature at its first session after the a doption of this amendment, to create a sink ing fund, which shall be sufficient to pay the accruing interest on the present public debt, and any additional debt thereafter constitn tionally contractcd, and annually to reduce the principal thereof by a sum not less than $250, 000, which "sinking fund shall consist of the net annual income of the public works from time to time, owned by the State, or the pro ceeds of the sale of the same, or any part thereof, and of the income or proceeds of sale of stocks owned bv the State, together with other funds or resources that may be designa ted by law. The said sinking fund may Ijc in creased from time to time by assigning to it any part of the taxes or other revenues of the State, not required for Ihe ordinary and cur rent expenses of government, and, unless in case of war, invasion or insurrection, no part of said sinking fund shall be used or applied otherwise than iu the extinguishment ot the public debt, until the amount of such debt is reduced below the sura of $5,000,000." This being the first session of the Legisla ture since the adoption of this amendment,the duty therein ecjoined devolves upon 3 0U, and should be promptly and faithfully discharged. The funded and unfunded debt of the State, including temporary loans, was, on Dec. 1, 1856, $40,701,835 25. On Pec. 1, 1857, it was $39,881,738 22. Decrease during the late fis cal year, $820,097 65. These statements exhibit the gratifying fact that during the past fiscal year, the public debt has been reduced $820,097 5-5. During the same period large appropriations and pay ments were made on account of onr public im provements, for old and unsettled claims ad justed under the act of last session, and lor other extraordinary purposes. Tho condition of tho Treasury prior to the suspension of specie payments by the banks, justified the appropriation of at least S200.000 more in payment of the public aeDt, nnu ar rangements were made by the Treasurer, un der the direction of the Commissioners of the Sinking Toad, to liquidate, that amount ; but after the suspension, and the consequent finan cial embarrassment of the country, the pro posed pavmcnt, from prudential motives, was postponed. Had this payment been made, 111 addition to the payments already reported, the statements and calculations submitted in my last annual message, in relation to the early payment and final extinguishment of the pub lic debt, would thus lar have ueen Misianieo. by their actual verification. The causes mat prevented their realization, it is believed, will soon cease to affect injuriously the revenues of Hie Commonwealth. Actuated by that indom itable energy that has ever characterized use American people faltering for a moment, but not disheartened by the adverse circumstances that surround us roused to more vigorous ac tion by disaster and defeat, our progress can not long bo checked, nor our prosperity long be interrupted. ... As corroboratire of the opinion now nn.l heretofore expressed, a brief review of the op orationss of the Treasury during the past throe years, as connected with the payment of the debt of the Commonwealth, may not be inr.p pronriatc. In my first annual message to the Legislature the fact was stated, that during the three rears intervening between December 1, mree years intervening ue. "--"v - 1851. and December 1, 1814, the public dent had been increased $1,584,359 34 ; and thatlhe total debt at the close of the lsscal year, i'e cembcr 1, 1854, was $11,698,595 71. At the close of the fiscal year, December 1,185-, three rears later, the funded and unfunded debt, as before shown, was $39,881,738 22 ; decrease in three years, $1,816,857 52. Thus in three rears the public debt has been decreased, by actual payment and without re sorting to the expedient of temporary loans, SI. 8 10. 857 57. If to this be added the sum of $414,920 29, now in the sinking fund and ap plicable to the payment of the funded debt, the reduction will "be $2,231,777 81. These facts are not only gratifying, but en couraging. It has already been stated that there is in the sinking fund the sum of $7,500, 000 bonds of the Pennsylvania railroad com pany, bearing interest at tho rate of five per centum per annum, payable semi-annually ,and pledged to the pavmcnt of the funded debt. It this sum be added to me reduction ueii.i : stated, wc have presented to us a virtual if not an actual decrease cf the State debt, of ?9, 731.777 81, showing tho total funded and un funded debt of the State on the first day of December, 1857, to have been $31,903,818 41. In anticipation of tha sale of the main line and the decrease in the public debt, the State tax, by an act of the last regular session, was reduced from three to two and one-half mills on the dollar; a reduction equal to one-sixth of the tax imposed for Srste purposes prior to that act. These facts speak for themselves. Well may the people be congratulated on such an auspicious beginning in tiie process of li quidation, and well may they w ith confidence anticipate tho day of their dcliverene.c from State taxation. Financial and commercial em barrassment may postpone nothing but 1:11 wise legislation, and the imprudent or dishon est management of our finances, can prevent the early realization of their well founded an ticipations. The condition of the public works, their general operation, the receipts and expendi tures during the past fiscal year, will be pre sented to you in detail in the report of the Canal Commissioners. The total receipts at the Treasury, from the public works, for the year ending November 30, 1857, including receipts from the main line up to the first day of August last, were S1.39?,59S 02. The aggregate expenditures for the same period were $1,312,705 67; the expenditures exceeding the revenues $ 1.107 05. The receipts at the Treasury irom the several divisions were as follows, viz : 5I;;iu hue, to August 1, 1857, $790,550 83 ; Susque hanna and ""North and Vt'et Branch divisions 287.718 95 ; Delaware division 224,5129 31. The receipts from the Delaware division arc less than thosj of the previous year. 1 he completion of rival railroads and other causes, have lessened the receipts from this important division of our public works; and it is feared will continue to decrease them. Its manage ment Las been satisfactory, and coraparcd with other divisions of the public improvements, economical. The net revenue, at the Treasu ry, was $174,001 87, a decrease of 90,093 53, a's compared with the receipts of tho preced ing rear. In addition to the ordinary expen ditures, the sum of $40,203 was paid lor the enlargement and improrenientof this division. The North Branch Extension of the Penn sylvania canal, although so far completed in the fall of 1856, that boasts freighted with coal and other products, were successfully passed through its entire length from Pittston to the Junction canal, yet in consequence of a large portion of the "Horse Race Dam" having been carried away by tho freshet of last spring, bu siness on the canal was suspended the greater part of the past year. It was repaired during the summer and ia the fall business was re sumed along its entire length. Soon after, the same dam was again extensively injured bv a sudden and heavy freshet, and tiie great arpart of the canal reudcred useless for busi- ness. An appropriation win uu jcquucu iu re-construct the dam. This canal, although usef ul and valuable, ap pears to be doomed to failure and disaster. These are the fruits of former mismanagement r.ud fraud in its construction. Every effort has been made to repair the errors ot its early management, and to complete and render use ful this division of onr public works. Under proper management it can be successfully ac complished. In jmrsuance of the act of the 16th day of May, 18o7, providing for the sale of the Main Line of the public works, after giving the no tice required by law, 1 caused the said Main Line to lie exposed to public sale at the Mer chants' Exchange, in the city of Philadelphia, on the 25th. day of June last, and sold the same to tho Pennsylvania Railroad company for the sum of $7,500,000, the highest price bid for the same, and the minimum price fixed in tne j act. After a lull compliance by the purcha sers with the conditions of the act authorizing the sale, and the delivery of their bonds in number and for the amounts equal to and fall ins due at the time provided for the payment of the respective instalments, the Secretary of the Commonwealth on the 81st day of July, A. P. 1857, as directed by the act, transferred, under the great seal of the State, to the Penn sylvania Railroad company, their successors or assigns, the w hole Main Line of the public works, between Philadelphia and Pittsburgh, together with all the right, title and interest, claim and demand, of the Commonwealth of Pennsylvania, to all property, real, personal and mixed, belonging to or used in connection w ith the same by the Commonwealth ; and the purchasers having given notice of their readi ness to take possession of the said works, pos session of the same was accordingly delivered to the company on the first day or August last, cf which i.otice was given to all Superinten dents and Agents of the Commonwealth, by proclamation bearing date tho 31t day of Ju ly, 1857, as required by the law authorizing the sale. The bonds of tho Pennsylvania railroad con-.panv, in the sum of seven and one half millions" of dollars, were received by the State Treasurer and are held by him for the com missioners of the Sinking Fund; the entiro proceeds of the sale being required by tho twelfth section of the act to be paid to the sinking fund and applied to the payment of tho State debt. I cannot forbear congratulating the people of the Commonwealth on the consummation cf this sale. Public sentiment, as expressed through the ballot box, and in other forms equally significant, demanded it public poli cy and the interests of the Commonwealth re MUired it. It is done. The many approve Jew complain those most who have gained : , , . . .. ... ,.,t-tc .isc. "i" . '"'J. " :r, 7L card of the public interests, as exhibited id the extravagant, useless and fraudulent expen itures of the public money for selfish or par tizan purposes. The sale of the main line has directed pub lic attention to the importance and necessity of disposing of the remaining divisions of the public improvements. The reasons and policy that required and justified the sale of the one, apply w ith equal force to the sale of the other. The propriety of separating the State from the care and control of the public works, is not only evident to all who have given tho snl.ject a candid and impartial consideration, but the necessity is clearly established, by the historv of their construction and management. They "hare failed to be a source of revenue to the Commonwealth, and if retained by the State, will require an expenditure in their re pair and management, largely exceeding any revenue, that under the most lavorablc circum stances, can bo deuved from them. In any phase cf the question, this separation is desi rable ; but in connection with the payment of the public debt, and the reduction of State taxation, it becomes an object of more than ordinary interest. A sale, at the earliest practicable period, cf the w hole of our public works, for a fair consideration, upon terms just and liberal to the purchasers, and at the same time amply protective of the rights and interests of the people, should be authorized by the Legislature. Such sale, with the ap plication of the proceeds to the payment of the public debt, would secure its still more rapid extinguishment. The subject is reccm niendcd to your unbiased consideration. The law incorporating the Penn'a railroad company, imposed a fax of three mills per ton, per miic.ou all tonnage passing over that road, as an equivalent for any decrease in the reve nues of the Commonwealth, that might arise from the anticipated competitiou of the road with the business of the main line of the pub lic improvements. This tax is not imposed upon the company, but upon the tonnage, and is paid by the ow ners of the lreight transport ed over the read; the company acting as a gents in its collection and payment to IheStatc. It is virtually a tax t;pon the trade and com merce of the Commonwealth, and upon tho commerce of other States, whose productions seek an eastern market over this road ; aud thus by increasing the rate of charges and tha cestof transportatien the produce of the west is forced upon the competing railroads of oth er States and to other markets than our own. The necessity that required this tax, as re gards Ih Commonwealth aud her improve ments, has ceased. Its continuance can only be justifi-ad i.s a tcveuue measure. It should ha the policy of the State fo invite the trans mission of the products of olherStates through her territory to her own markets, and, there fore, the propriety of relieving the trade and business of the Commonwealth and country from this t ix upon it, is respectfully submit ted for ycer consideration. li consequence of the suspension of specie payments by the banks of this, and the other States of the Union, and the financial embar rassment and general prostration of business, 1 deemed it my duty to call, as authorized by the Constitution, an extra session ot the Le gislature, to meet at llarrisburg on the sixth day of October last. Although the relict provided by this extraordinary session of tho General Assembly, was not as ample as the exigency of Cue case required, yet it was pro ductive of many beneficial results, and served to a'.lay the intense excitement and alarm that peivr.ded the entire community. By the act providing for the resumtion of specie payments by the banks, all banking institutions accept ing the provisions of that law, were required to pay into the Treasurj- one-fourth of one per cent, on their capital btock. The amount re alized by the payment of this bonus has not only defrayed all the expenses of that session, but will leave a balance in the Treasury of not less than thirty-five thousand dollars a result certainly not injurious to the finances of the Commonwealth. My views expressed in former communica tions on the snl ject of banks and banking cap ital, in their relations to the curreucy and tho general interests of trade, remain unchanged. However diverse our opinions may be on this subject, it must be admitted by all, that tho banking and credit systems are so intimately- interwoven with the business and commerce of the country, that their sudden sepcration, or a rash innovation, would produce consequen ces of fearful magnitude. That the present system of banking is perfect, is not pretend ed ; that it could be essentially modified and improved, will not be denied. The present derangement of the currency may and will suggest the necessity of reform, not only in the system itseii, but -u the management of our backing institutions. . Unlimited credits by corporations or indi viduals have and w ill ever be an unmitisrated evil. They contribute to bank expansions. rash speculations, extravagant living and ex cessive over-trading ; always sure to be fol lowed by ruinous revulsions. : What the rem edy should be, I dq not deem it ray province, under existing tVtcmnstanc.es, to suggest ; but to be perma&ut aad effectual, it must accord with, tha tatural and accessary laws of trade. The currency of a country forms no excep tion to these laws, and should be left to their operation acJ control, so, far as may be censis- therefore. V" tv,tPin of free banking, based oa un- A