lj '
. .1 ..fl . -...
- &
The whole art ok Government consists in the art of reinb honest. Jefferson.
VOL. 4.
STKOXJDSBURG, MONROE COUNTY, PA., THURSDAY, JANUARY' 11, 1844
No. 39.
TERMS. Two dollars per annum in advance Two dollars
and a. quarter, half yvarlv and if not paid before the end of
t"jc year. Two dollars arid a half. Tho.e "ho receive their
papers by a earner or stage drivers employed by the proprie
tors, will be charged 37 1-2 rts. per year, extra.
No papers discontinued until all arrearages are paid, except
at ths opuon of the Editors.
l7 Advertisements not exceeding one square (sixteen lines)
will be inserted three weeks for one dollar: twenty-five cents
for ererv subsequent insertion-: larger ones in proportion. A
liberal discount will be made to yearly advertisers
IDAU letters addressed to the Editors must be post paid.
JOB lKI'TI'
Having a general assortment of large elegant plain and orna
mental Type, we are prepared to execute every
description of
Cards Circulars Bill Heads, Notes,
Blank Receipts,
JUSTICES. LEGAL AND OTHER
BLANKS,
PAMPHLETS. &o.
Printed with neatness and despatch, on reasonable terras
AT THE OFFICE OF THE
.leffersonsau Republican.
GOYER-VOR'S MESSAGE.
To thi Senate and Rouse of Representatives
Of the Commonwealth of Pennsylvania.
Fem.ow Citizens The. first and most impor
tant duty that devolves upon the Legislature, will
be to examine into the financial embarrassments
of the State, and to make suitable provision for
the discharge of her liabilities. Thf entire amount
of the funded debt of the State is S39.0S 1,000 10.
This debt is reimbursable as follows :
In the year IS i i $35,022 GO
1S4 i 02.500 00
44 1S4G 3.680,342 08
117 72,335 00
4 1850 . 1.000.000 00,
1852 2,000,000 00
1851 3.000.000 00;
IS50 2.78'UGl 88 i
1858 '. 7,070,601 44
44 185!) 1,250,000 00
44 I860 " 2,01S.0S0 00
44 1861 120.000 00
1SR2 2,265,400 00
1803 200,000 00
'1861. 3.385.076 06 .
1815 . 1.829,600 001
" 1S08 2.524.000 00'
44 1870 1,910,213 05,
Loan payable at the expiration of
certain bank charters
509,503 50
orn nQoi
-6,-69,39S 8 1
"interest doc 1st Aug., 1812, for
which certificates of stork were
laiued. Redeemable in 1813
interest due 1st February, 1813,
redeemable in 1846"
Unlerest due 1st August 1841, re
deemable in 1846.
cscf.n.-.ii';'
ooo,oj a.
873,058 00 i
873.9RS 00
VU"'"UI-U,,U " i ai
jo ncj nnn jo i
Upon thi? debt th? annual interest to be paid j
amount
lounts u 5i,yii,a to wit:
Permanent loan at 6 per cent.,
4 44
Relief notes at 1 per cent,
do (S do
Arrears of interest due to nu Joan
holders in August, 1842, and
February and August, 1843, at
6 per cent.,
Sl.916.ni 33
32,083. 1 PJ Rf.
200.000 00
1,407,628 GS
2,611,601 53
839,084,000 40
There is also due to Domestic Creditors, on cer
tificates issued by the Auditor General, the sum
of S200.461 00.
For the interest annually accruing, and for the
temporary debts and liabilities of the State, pro
vision should be immediately made. The resour-
res ot tne state are abundant, anu all that is re
. Co u. u -1 .1uu.1u.1u1, auu a.i iwai .a
qutred ,s the right disposition, and a judicious and
proper selection of the mode in which these re-
urces are to be rendered available.
The amount of taxes levied and paid into the
c. . ... j - ,
State Treasury, under existing tax laws, was as
iollovvs: Tn the year 1811, the amount levied
was S4 16,794 85 there vas paid into the Treas
ury during that year, 33,292 77. In 1842, the tax
levied was SG59, 512 47 the amount paid in the
.same year, was S4S0,C35 85. In 1843, the amount
levied cannot bB ascertained with accuracy, in
consequence of failures on the part of the County
Commissioners in several counties to make re
Sums to the proper office ; but making an estimate
Worn the best data that can be obtained, it will not
p short of $9 15,000 00. The tax paid into the
Treasury the past year, was $553,911 38. The
assessment for the ensuing year, may be fairly es
timated at what it amounted to the past year, pro
vided the Legislature repeal the proviso to the
1 0th section of the Act of 27th July, 1842, entitled
" An Act to provide for the ordinary expenses of
the Government payment ol interest upon the
State debt," &c., which limits the assessment of
the increased tax to one year. Unless provision
be immediately made for continuing the assess
ment and collection of that tax our financial diffi
rulttes must be increased, and the consequence
be moot disastrous to our State credit.
It will be seen from the foregoing statement that
nearly a million of dollars, arising from taxation,
remains unpaid ; and there is no authority vested
in the Executive, by law, to enforce its collection.
1 hae repeatedly recommended to the Legislature
'he adoption of some legal method of compelling
vounty Commissioners, Collectors and Ireasu
ters, to perform their duties but, thus far no leg
islation has been had upon the subject. In the
present defective state of the law; every tempta
tton is held out to delinquents -to persevere in'set
ting at naugtu jlsinjunctions. .Permit. me again
" call tho attention ofthe Legislature to this sub
ct. and to express ihe hope' that this evil tfilli.be
The whole receipts from nur public improve-
ments, beyond the payment lor repairs, and the
expenses of their charge and management, during
the past fiscal year, amounted to $182,057 34.
The current expenses of government, including
the permanent appropriation to Common Schools,
and other purposes, may be estimated at about
$750,000 00. The resources of the Slate, inde
pendent of taxation, and the receipts from the pub
lic improvements, at about $100,000 00. From
an examination of all these receipts and liabilities
of the State, supposing the tax levied, under ex
isting laws, to be punctually collected and paid
over, there would lie an annual deficit of about
S850,000 00. independent of the balance due to
Domestic Creditors, for the punctual payment of
all which, tiie Stale is bound by every obligation
of faith and honor. After a most careful consid
eration of the whole subject, I have been unable
to devise any other mode of meeting tins respon
sibility than that of augmented taxation.
1 look occasion in my annual message, trans
mitted to the Legislature on the Sth of January,
1840, to speak upon this subject in the following
pointed and unequivocal words. 1 ber leave to
quote them, because. I have reiterated, in every
annual message to the Legislature since, substan-
liallv the same sentiments: and I desire the peo
ple of Pennsylvania, and the whole world, to know,
if there be ground to charge remissness of duty, to
whom the fault is to be justly attributed :
" In expressing my own opinion in lavor of a re
sort to taxation. I do it with no inconsiderable de
gree of icluctance, but it must be obvious to eve-
ry
citizen ot me ivommonwealtn. mat uis nouss.
his farm, and his property, are all pledged, beyond
possibility of release, to the ultimate payment of
the State debt, and ihe inteiest thereon accruing,
agreeably to the stipulation with the loan holders.
Nor is this the worst view of our situation. The
State has been actmlly compounding, fr years
past, from u million to a million and a half of in
terest, annually ; and the question is now submit-,
ted. whether wc an thus to continue adding, half j
yearly, this enormous amount of interest to the ,
principal of our State debt, and continue, in this j
pusillanimous couise of policy, from year to year.!
of shuffling off the evil day, and entailing this!
frightful legacy on posterity. It is a reproach on I
the people of Pennsylvania to suppose they can be
longer kept in the dark, in regard to ihe situation
in which we find them. All they want to know, to
ensure a ready compliance with this indispensable
ty of the measure. The experience of more than
half a centurv, fortifies me in the belief, that the
good sense of the people of this great Common -
wealth is rately appealed to in rain.
t : r ? :
' .
. . . , ' . "
ins measure, I am fully sensible ol what w lo be
encountered, and aware of the consequences that
, . . j. .', . . ,. .
Cst convictions of mv own mind, and Ine tearless
arc to jouow: anu u. m tins exuression m me non-
I
discharge of the duties incumbent on inn, I shall
T i n,
net be borne out bv mv fellow-citizens. 1 shall at:
least
: (i()!lf:
public
i expedients
' country expects every man to on uis umy. anu ne
that has not nerve enough for the crisis, .viould
. i . .L I .. . .- .i
giv plare to .ho.e better ; ht.ed loiMhe emer-jenry.
Neither the present Legislature, nor myll, hau
have the ronsolalinn to km-w, that I have : the rral and person estatr of the citizens of the . ,i,t. ...lin...;,,,. nrinrr th nnvmnldp Mnn nr tsit 1 ,nnf, i ?.- r . "
s that winch 1 rcr.sciemiously l)lieve to be : Commonwealth, would nay tue interest on tne nub- ...o ..int ,rn.i.-c !.rM,)i.,n ti,n, .!. ..r ?. .
nnni, anu wmcn i inmK win near me reaecfior. oi lie flebt. jcvonil a l umioi. anil n ace rennsviva- Ar-,i, a mi,inM,'.m i;i.Q.:.. " p.. .,
, . si i ., . ", i r . , ..I , i i i i ii""citu """ui ,,--"r j,i"iiv;i v.. ....ii. ; iii uiu iiuuitiy ui ijrijuuce, "oous. anu mercriau-
r- , . , . . . . '. ui mi.- pitiiuu.i ri",. iiriMun I..... mi, .an, uri.': iiuui uu i iiiuuLeiiiijuis to iuriner increase nt
ter years, i lie nme !r evasion is tone: me i nia on that nrcunl emmenro whirli tne true ciiar- lfinA- .iVii.i. nrrifiiirr flirt hnnltiian in tl,i f lolmvn.n 'unM.:in 1 . !. .
... . , l -. ii. . i ' - ii i ; ' .-i- "Ki.i-.ii- r.KL.iiuu uuui:-, u 1.11. u ine sys;eni upon a perma-
mii.d Irs been too long led wuu mis-.-rable . acEd o! her ppopits, and the resources she pos- , j)ivjsion. v.diich existed, lor several weeks, nuttinjr nent basis: and insure to ik Commnmvnalih nil
. 1 ne tune lor anion is at lian... tAir , sessrs, desmned her to occupy. Uu to satistv KU,n , ,,..nvoori.itiin. nnd miKinTn l,of rnv. tt, ..i.-tAo -i.;h :i i. r.
171,636 00 ( anytning to uo wim ( on racung mis oem u i Thern has )Ctn (lt: uhj0(.tim, made against tax- 017.K41 12. being an increase over the receipts of ! the use or trucks, so as to enable the Canal Cor
I nxed on us by tnose who have gone belon us, and , ,;..n n,!or r.(MU vt!,jl, rif tlun,.. uhuM. am. . is.i- f stt.iwt j; An nhsirarr nf iho rvni, i m.r- ,!, u "
the same rule of tirudencc and sound noiicv that
i uhuiii -uicM i.m.iu. i ui a ,11. ..m: mimmuh...
holds equally pond in the rase of the Common- . assessment in the different counties. I annex to
wen lb. under ins state f.l tunes. f he nrivalat.it. i.i . u : i. .
individual would tax his industry and his proper -
tv. to the utmost, to nay oft a debt, and the inter-
est upon
it, tnat was consumms inf! avails ol tils
. ' - .
innustrv a:iu ins substance so. a!so. it seems to
me, should the representative of a wise and judi -
cus people. Taxation would pay the interest -
it would eventually constitute a sinking fund to
nav off the nrii.riual of the State dbt. :md should
oe-COIJtinueiJ .j- ,JO lnc()mt. oflhe nj;ic imunivu.
, , j j . l.llllpre;.sarv.
.,. . . d d lhe exercise of the far-
i . 1 - ...
rove-
reaching saacity-the calmest judgment and the
;r , i ... .... .1.. 1 1 .
iiiosi leaness u.iiruiijMii.. 1 nui u.c .icuii.i-
to ... tn - ... ... m ,
its perils. Coming, as von t!o. itwtr. all quarters
of the State, and pos'sessiog a more intimate knowl -
J. :Z .,.i .,r ,t
UU"; Ul ilJV" V 1 1 l Kill llfl IlljU tlllW i&tltO "i Jt
pie than 1 can. 1 most cheerfully surrender thi-! The lax necessary for the payment of the inter- j Clear profits of all tho works for IS 13 $4Pj,657 34
important subject to voit. satisfied shat prudence est on our Slate debt, it has long been apparent j Thc jncreaS(. an,j decrsnnf tolhon thc.Mffer
and justice will diiect our action upon it." j to me, should be apportioned among the sevtral ; em incs a; compriVed with 1812, Crfi as follows-
I used strong terms in speaking to ti
1 .
ture on this subject at th.it tune, becjuiso
i. .
:,,
an hour of darkness, uuccttaintv
and alarm. I he
. r i,.. 1. . ,.. . , .,i.
MH'W,UU V ( -
ness energies nl the rousiv, and the nitirmunngs
. -.- , 1 u .1 4
of those whose ambition seeks no liighrr aim than
that of finding fault, wore nil calculated todvlerf
even honest men from
,.,.,,,..11 .....:.... .!.;
iji.Hi,ii uuuuii i.ik-ii
duty
r , 11 j .1
tio far as 1 was cotu-en e . I was resolved
II lilt illl 111 V VJJWHWI J .HIWUiM '.
clearly understood. Four years luvv now elapsed;
Time. 1110 rinin niri' in ir r. ii.iirii in 1 ii-i -1 1 1 1 1 r t iiiii.
........... ........ j . .
' ""4,w " , '.. . ... i
nous paniznn., to .seu uiu cnu. ui w.... 1,
tne enoroi ineir way. it
look back wttti pleasure on my course uerausc.
as I had no doubt from the beginning, 1 have been i
IrinniiiliTintlv Kiiwtn iticd itv hoill'.-it Veon:Irv Ol
Pennsylvania. They have borne without repin-
ing, every burthen that was necessary to maintain
the honor of the State, and ihev are read v 10 en-
dure vet greater sacrifices, ir' tlifv tie necessary, j
for toe same cause.
It has of laie been fashionable, in certain quar
ters, to denounce Pennsylvania, and rite her. as an
example in point, to sanction the reproach which
has been attempted to be cast upon tho American
people, of seeking to carry into prac'.ic.il opera
tion the scheme ol repudiating their public jlcbts.
-Those who Jiave circulated and believed this .a
lumnv. betrayed ; . dugreu oi ignorance, both of
the character of our people, and of lc couro ol
iiorlegi-?lai.JOfi, which js trc.ly .?urpnMMg. On s(ve-1
bor'l
occasion, the liability of the State has been
frankly avowed, both by her Executive and Le
gislative Departments; and although the recom
mendations of the Executive, to make provision
for the payment of her interest, have not been
adopted to the fullest extent, yet the Legislature
has passed laws imposing a tax, amounting the
last year a little less than a million of dollars, and
this has been acceded to by the people, without a
murmur from any source entitled to a moment's
consideration. The failure to pay the interest has
not resulted from a want of disposition to do so,
on the part of the citizens of Pennsylvania, but from
the general disasters which have overwhelmed and
crippled her in common with almost every other
: government in the commercial world. We
J regaining our energies, and recovering from em-
. Ui IU , U. illC
oarrassments by w uc.li we have Unfortunately
tUMti .,t iinlikI A i'nrl ffld' itrliro trill ori'lhlrt
'JU"i:i'""u ; ,'v .... .;.. v...o
us
to 'retrieve a;i mat we nave iom auo to wipe
away from our escutcheon every blot
unexpected misfortune ha; tarnished
over the interested or evil disposed may have as
serted to the contrary, there is not an honest cm
i zen of Pennsylvania who does not fuel the proud
j consciousness that her faith and integrity can be
j held up to the world unsullied.
The valuation of the teal and personal property
owned by the citizens of the State, ascertained by
reference to the valuation as taxed for county pur-
poses, amounts to about lour hundred anu sixty ,
millions of dollars. The average of the rate of(
this valuation is. no doubt, considerably below the '
j acluril value of the property of the State
Amonr
the receipts at the
Treasury during the
last year, there were from tolls,
exclusive of
6755,155 39
59,001 78
22,337 05
19,101 29
1,010 00
.Motive Power,
Auction duties,
Tax or, collateral inheritances; .
Dividends on Bridge-, Turnpike, and
Navigation Stocks, s .
Escheats,
$S57,325 51 i
To which add the State Tax received
553.911 33
81,411,230 89
This income, derived from the above sources.
j was specially appropriated to the payment of the
inIerest on our public debt; and on ihe faiih of the
States adherence to its solemn ena2ements. those
i from whom the money
was obtained, were in
Hut, by the resolution
passed 7lh April. 1S42. and tue acts passed 27th
July, 1842. and Sth April, 1843, those funds were
. applied to other and different purposes, from what
i Jas deemed, by the Legislature, an imperative ne-
-.,;.." . 'i . .
. r.nc?itv ttMimntui tikr mrtttatnrtf i ,tt ivt mccmon c
i - , , , , , . -,
to which 1 have already adverted.
It is thus shown that about three and a half per,
pont. o th intrrPNt nm n nave lieen nam tne nast
, " , . , , .
: vpar. but for ibis suhscuui'irt le"!s atuin: and that
;hfi above sum ol 57.325 51
. .
iwycuiui nu u
)f less than thrcr mid
. i i -r
lhe peop.e ol the propru-ly ol this inncase ol tne
i ;ax. asatiranre should hu given that it would be
i ,. . . iv.
r,p;hi! to the payment ot Urn interest on the btate
, debt, to the exclusion ui every other object-
- i ..:.. ... : a
: , r - d ..,- ... f . ,0 r.t..s (,
. ,hfi varjniJS r0I1Ilties of the Commonwealth, an ex-
r...i.;..i. ...:n i. ..;to
.llIlllli.llUU 111 l 111.11, llll til VJ1IV UIOVIWOVT lilt WHO,
tliat fiurrlit In hft li-mi'ilu'd.
i r . ,,-.r. .?
1 :,lost of our vr"!1 llie flevl n lnxos a"' re'
! ve,nut'- require h'v.s.on a.ul amendment I hose
.... ""l4l
dea.lV ."' nerchandiy.ts auction and auctioneers,
i and Uroki'.rs. reninre revision ami inocimcaiion to
t,.i 1
: rhr.-, lu
prevent evasions,
heleve the rrtun
1 ; iut? c:u uiuru is guoii ic.iaou iu
nue from these sources might be'
, Hie county rates and levies are nt
aucmented Iry iliem; nor dues the State lax derived
. . . , .... . . .1
therefrom, bear any lu.r proportion to that exacted .
(ri"" he, la,l- ll0,d1er- 1 he equality and injus -
1 b" j"t! namlest whet, the pro -
: feeds derived from each are considered.
' couir.ir
of the State, and a liberal discount or!
' 1 .!.i.fiitin.i. ..Ua.t. n.t f.i- fi.fwtn.t .4.ll.r.f litio ntil HI,' !
lllilviUillill atiwiib'i ii ump. .iii iiii.fii.1 uiiii l l'
; ..... !.. .. 'Pi... ........ 1. ...... ..r id
- . - ,.. , ,
. 1 jCiiiMiiiuic. v;iiiiiii.ii. nicy ..', ii.iui i.nj 3ciui.il
1 rouuties, and each watchful of the rights and in-
.... ... ,. ,b ,.
teresis 0 his immediate i ons ltuents, would cer-
' : , 1 , .
It.lll.V 1 .'llljll, . I'..Htl 'VIJ f.j viiii.vuii..ii v
111:1 lii-u .1 ;wii iiw.uuciii
...... i. iiiiiiwri.iniiifiiir
that .i!)portio.iinent. A more unequal one
, , rll...i, ,l
man i.r.n wiui;ii ii i aims. i..uhhpi ui. ,v.iui u-
, , .1.1 1 1. .
and
and mode of taxation is more
of less
objectiona-
hie
but that should not absolve us from our duty,
. . .
: have sulirnilied to tne L.eaisiature my views
: auain and aoain. on this subject ; and that it has,
,n. ..,..,...
-that difference f opii
.....w.T -i....... -.- - - ,
IIII'V IH ' VI I I I:. 111 I UUI. UI I II1I1U1I II .
nion having proceeded from
a conscientious discharge ol duty,
Hut. if the suggestions here made, do not seem
right and proper, permit me lo express the car.,,
est hope that the Legislature will uevisa jn,e
ther mode less objectionable, and that it wal not
separate unit: iuu niiu ii.iiJic; i'-,o imiijiis je inaue
for the punctual payment of the iuteir.st on our
public debt, aGir.i-anuual'.y, as.it b'. comes due,
and thus smooth the for those v.im may come
after us in thc administration of Government.
lie fore quitting the subject of taxation, it may
be well to tat.o a relative view of the taxes re.-roie-l
at ihe Treasury, for the last three years.
aiid '.iv: amount annually paid out to the several
'riur.uc. for
lax 1 CQlved
for ihrt purpose "of eduGatio'n. ' The
Ui ' s
J ry
833.292 77
480,035 85
553,911 36
SI, 073,8 10 00
The moneys paid 'out for the purposes of
education, during the same years, amounted in
1841, to ' 6365,7CG 04
1842, 315,372 43
1S43, 408,00 1 30
81,039,832 S3
So that it appears more money has actually been
paid ojtby the Commonwealth, for educating her
people, than the amodni of State tax paid into the
V .,:n'j,e enljreiv nrn'Uicnblc to make provi-
I .1.
j,, jjnj payment of the semi-annual interest,
I 1 . . i
, Wl aftor lhe(l-rslot August next.'
And. to
18-11, amounted to,
1842,
1843,
" I , .I' 1 provide for every possible contingency, the State
Willi w'nc" Treasurer might be authorized to borrow, if ne
l . v nat- CRSsary ri sufficient sum to make up any deficien-
cy. and me taxes anu otner receipts oi me oidie.
applicable to the discharge of interest; be pledged
specifically for the re-payment of such loan, and
applied as soon as received.
The arrears of interest due in IS 12. and Feb
ruary and August, IS-13, have been funded, in
conformity with the acts of Assembly upon that
j subject. Tins was ihe most tnat could be done
for otir creditors, under the circumstances, and
jf. hereafter, provision be made for the punctual
discharge of the interest, it will. 1 believe, be as
much as could reasonably be expected by the hol-
ders of our loans.
JThen
is now due from the State to certain
ban!
the sum of 81,407,023 03, on account of the
issue of notes under the act of 4th May, 1841,
which bears an interest of one per rent. By vir-
tue oi the act of Assembly, passed toe 8lh day of
jvpru iasi, emmeu an aci prmiue n.r uie pay- , Thcsc. I)orUs? t,uring thfJ pa3t Vnr ,nvc prevente,i
merit nl Domestic Creditors, Ac . these notes arc combtnations, reduced the price of Jcoights. in
to be cancelled at the rate ot one hundred thous- creased the amount of tolls and tonnage, and riv
and uodars per month. Ihe funded deot ot the J en t0 our Main line a character for cheaoness itv
Slate bears an interest of live and six per cent, j tran sportation. wh!fih must maIce it the principal
payable semi-annually. Il this ranrnllation be avemm to a market between the waters of iho
; interest cannot ,e paid as a very large proportion
ft nl I.tvps nrifi to s will 1m n.iifl in (nnds nl tins r1r-
w.,..,v.w ut , . v..
; scriptIon. t Js, therefore, for tho Legislature to
dcteVmlrie which of these measures it fs the policy
' fll-,i,0 ofnt4, ffl nrjll(1
of the State to pursue
'
1 he revenues derived Irom the
public
uurint: ine pasi nscai year, aiiuoiigu iun rcau.ing.
the estimates which were lormeu at ihe commence-
UK" ' 1 " K y l y I T
, P1 l0, 1 J1C ommTlth weric uSPe"d
... ,.r.U I ....,1.1... I ....... I...
renuireu iur ineir miiimuiiHucc. i iu re mux. ui mv
l i
tanai vommissmners, wmcu win
. . , , n-irticuKt
Commissioners, which will be laid before
t'hihit5 in dt'tni! tbf rru-firit
I Lie 1 1 1 llt I 111
ipts anu eX)etiut
. ,i. ..i ..r.. i ... -..n.. i
iui u nm mis jciciui Hue- ui uiiwi mm innnwi.
; n.. .i..,, n ,v. ..-i..
r IH - -j w ' '
;c osinrr 0 um canal Uv ico in the latter Dart o
.
, emi(. t0 ,,,e fVmmonwealtli of not less than S30-
i ....................... t i.i.uw.i
to that experienced horn the high floods on the
i Jnniala in September last, the tolls amount to Si, -
000.
xnttvmwUmriirKr thfi! imniittim'iit mlrlrwi
. .i : li . , .i J.i
... i i . :.. .1.
I , Inu- nr resd t
', Ftrenditum
Mtpenatiunrs.
Receipts.
S857.212 94
92,285 4 t
I Ia,m L,ne . . .
Delaware Division.
125,030 82
22,533 92
Susquehanna, North
and West Branches,
Heaver, Shenango, &
French Creek,
59,226 SO
15.410 82
-
$522,223 36 3l.0l7.S41 12
522,223 3G
. ,
. n-.i... j:. ...,
! "cuuli cjiiuiiunuiwi
F.vrnsfreffiintsoverfixncnditnrr
S495.012 7P,
22,430 ro0
Ueduct draivback on flour and jwrk
$473, l", 5 86
9,401 38
: A(,f, jncrpasc of st()ck on Coluxnbia
, Uailroa(i
Deorear.t;.
Increase.
894,263 -10
I
Mnin T.inp.
1 n,,..,v.Arn l)iviin.
S2 "103 f.7
Susquehanna, -Vorth and
V est nranches.
Beaver. Shenango, ar,d
French Creek,
13,G(
536 23
10,030 03
Increase in, 18 1'.
S77.627 43
ynd,,ori tho sam; lines, the excess of receipts
over expenditures and all liabilities, is as follows :
m.:., .m
$1 19,530 70
i).,u,v.
'ur j Division,
' -w,.......,
69,711 49
2,979 2H
k.. . ...I T . .1 1
I '
.u?iiiLr .nr. nn- .vnn i.v 11 oci fir,npriflo
1
491,911 45
9,251 11
BeAver,Shenango, and French Creek,
excess of expenditures ovor receipts
Total excess of receipts over expen
ditures, $482,057 31
From these statements it appears that with the
exception of the small excess on the Susquehanna
and North and West Branch Divisions, the profits
upon tho year's business, have been derived from
the mainline and the Delaware Division. The
last named division has yielded a profit of five per
cent, upon the cost of its construction, which, but
for tiie.loss of revenue sustained from the combi
nation among the boatmen before referred to, arid
interruption from breaches, would have been in-
..II I.I.I '3 . . O 1 1 f ) ."IIIICI It - . . . . . , . .
!. mv- i,-.?i.i.u . win ;i,wi ii t.nntisiinr irnrn .nmr? f.Tuf in -.i,j.i, on ,nnrinn,i ni ....n ... : ... . .
creased to over seven per cent.
The Columbia and Philadelphia railroad exhibits
a very gratifying result. The clear profit of the
road over expenditures and liabilities the p,ist year
amount to S202,90fl 05 equal to about five pe.
Cent, on the original cost of the railway and the
motive power department.
In pursuance of the provisions of the art of 7tlt
March, 1843, a charter wa3 issued, on the iOtlt
day of June last, to 41 The Erie Canal Company."
The company is vigorously prosecuting the-work-and
gives fair promise of its early conipieti-m.-That
portion of the division from the (J.im Riv
to the town of New Castle, according in theirr tt
of the charter, remains in the possession of ti,e
Commonwealth, until the completion of the whol
line. A large porlion of the e-Tpandituros o it
during the year, was caused by repair? to tire
works since transferred.
It is evident from the foregoing abstracts. ars
from a review of (he details, contained in the- Ca
nal Commissioners report, that the main line an I
Delaware Division, can at all times, be owd;
sources of profitable revenue to the Coaxnu.i
wealth, by the exercise of a proper vigilante rr
the disbursements. Much has been done wwar U
introducing a system of strict economy, and d,
pensing with officers, agents, and laborer. wh:c
services tend only to swell the amount of e.rpfndi
lures. If the system, thus begun, be carried mi:
and perfected, all doubt must vanish as to the val
ue of these portions of the public works when
considered as means of revenue.
To the more general introduction of section,
boats, in consequence of the State having pur
chased trucks for their ronveyanre over the two
railroads, may be traced the principal rausa of th
increase of tolls and tonnage on the Main line.
The experiment has been fully tested to the satis
faction of the incst sanguine, friends of the systuirt
j of ;mlivi(Iliai competition in the cairying tradth-
u , n . Kastern Atlantic cities. A svstnm'
, 0f tran9,lorUltion which in its incipient state, has.
i , r ...t. . , - . - .
, -l CeTv o?'h2
; fr
....u.,,.....-, ... ,,,;,,, ,a u "
, me iosieniiff rare ot me uecisiaiure- In la l.i
the amount of tolls paid by section boats
wan
the jmh.-j-J; -1 ; ot wnictl yi0.65I 05 was tor
use of the State trucks
1 rr, rr?: . . .
i " to tr.c system; to meet tiis-
!nanus consequent upon the continued increasa
. unU
in mf numnpr i ;cnnnn hmk- nnri tn nmw-
i vexatious delays at the ailroad slins. an inrrpr.sn
i in ine numoer oi irauis. ot trucKS na Decome ab-
i Solutelv necessary. As thp!S ndditinnnl Irir.a
t .!. i -r ; . ,
. l . : 3 r - ,
win uB i eii tn Hiii ui i .ie openi'i? oi me spriniT ou-
' : .... . -i -.
: IUHJJi vuw -f o wvu ll'JU iO CillUl L.I I Ait: LI i l.ilL .ill I
, v nnnronrintion mm ho tn tlmt V
'j --i-i 1
object.
' this imnmvcd mn!lfi nftnncnn-inn ; i,
imnrn.l l,r- ri nonol nnJ 1 T ... i.i r.
r . i , , , 1 .. . . . .
luniiuu uui.., i'l Williui .Ulll liilUUMI. i v.outuiiir-
I the r recommend that the appropriation be mvlo
1 direct, and not made navab c out of the tolls fn-
1 . i. . . .t. . V , , '
ical terms than can nthenvise be done, and to free-
the rates ot toll, and the method of keeping the
accounts from ilieh present complexity.
I will refer you to my message, returning, with
out the Eyseutive sanction, a hill entitled "An
- !-l " ' '- "umtl'J IIIV.I1 Ullia'. UwCASillllY liUUl
Act to aut.'iiorize the Governor to incorporate the
C2,20G 00 Pennsylvania Canal and Railroad Company from
Philadelphia to Pittsburg," for my views in rsla
6,156 71 tion f, the impolicy of selling or transferring tho
P'ib'.ic improvements to private companies. I
Medm it however proper to add, that although my
! p wn judgment on this subject is perfectly clear,
lint it M nnn.M T nitll r t II A t rh tt r 4 I r V1 rt
c jucur with the former in providing for this salo
or transfer, I do not know that I will consider tho
duty iucumbeitt on me of offering further resist
ance to this project; provided sufficient safeuuards
be established to protect thc public against frauds
and collusions in thc sale, and to ensure a proper
regard for the public interests, on the part of those
into whose hands they aro subsequently to bo
transferred.
No report has been made by the Commission
ers named in tho act entitled 4lAn .Act to author
ize ihe Governor to incorporate thc Delaware Ca
nal Company," passed 13th April last; nor am T
in possession of any official information in rela
tion to the same.
On the subject of the Banks I have little to re
commend. My views in relation to thc system
have heretofore been very fully expressed, and do
not now need reiteration. Most if not all the sol
vent institutions have now resumed specie pay
ments, and, taught by past experience, it is hoped
they will so regulate their business, and rircum
srribe their liabilities within the bounds of pru
dence, that wo shall not see a recurrenre of the
pecuniary embarrassments which have for snm-i
years past distressed tho community.. The Grad
ual restoration of public and private confidence,
will enable the solvent institutions of the State uv
furnish a currency au fast as required bv thc .wants
of thc country, which will bo redeemable in spe
cie on demand.
As no Bank charters will expire during tbe'n
mainder of the present execulive term, there will
be no necessity for enacting laws for their lenew
al at present. The practice of renewinc a.-t of
incorporation long before the oxpiration of the ex
isting charters, is manifestly wrong, even xVjhern
it may eventually be considered proper to rohiin
ue them. Under present circumstances, I irftnk
it would not be right to embarrass' tlte arnriinlstra
tion of my surrc?sot. by prematurely legisrarTng
upon ssubjects that. will belong to- that period of
1