OE
tialtlialag3 31BADAII.
To the : senate and House fy presintativii
of the Comnionihealth of l'ennsylpanicii;
VELLow -CyrtzEus,—ln performing therdif
ponsible duties enjoined by the Constitution,
on the Executive ot, the State, a.,stricere.
pleasure is felt in addressing at -the com 7 '
egencoment etmch session of the Legisla-•
the-Litntrieditite-represeiiiiitiina_oflhe
people. To present to them, in faithful can-•
dor the true position of public affairs, to sug
gest remedies for known wants, to aid in the
enactment of such measures as the interems
happiness and welfare of the citizene_stiem
to demanu, is not the less gratifying that it is
made the duty of the Executive department.
The events of the past year 'will not fail to
tem% us the lesson of an overruling Provi : ,
dance and the gratitude we owe as a people
for the blessings which, through the wisdom
of Alinighty,Gooduess, firwe been .vouchsa
fed to the nation. When the representatives
- .
of-the-people last tnet,..there existed between
our country and a neighboring republic, a
fierce and bitter war. The result, indeed,
was not doubtful, for, with a people justly
celebrated _among nations, for their uticon
gui3rable bravery,•unsurp'aesed skill in mili
tary afrairs, and their great superiority over
their enemies in physical and mental quali
ties, victory was the necessary consequence:
yet the undecided contest was a source of
profound regret; for the sacrifice of human
life, and the expenditure of public and pri
vate treasure necessary to the re-establish
ment of our own peaceful relations.
-It is therefore gratifying-to know that the
war has fully terminated, and that Peace,.
the rational desire of all, sheds again its
blessings on every portion of our cotintry.—
To the Almighty Father, who in mercy tur
ned the hearts of the rulers of both countries,
to lay aside the sword, to cultirrate.theapirit
of brotherly kindness, and to establish peace
ful relations between the citizens of their res
pective governments, we .chwe the deepest
and Most fervent gratitude. The abundance
cih our harvests, the blessings of continued
and•geneial health, and the preservation of
our civil and religious rights, as guaranteed
to us by the free institutions of out country;
while destitution, misery, and •convulsed
governments, and precarious civil and
reli
gious institutions harass the people of other
lands, should produce in our Itearta fervnt
aoknowleJgement of
kindness-and-merey. -
In the late contest with Mexico, this Com
monwealth was called upon by the National
- GovernMent, to furnish a portion of the
troops deemed necessary by the constituted
authorities to carry the war to a successful is
sue.. With this requisition it is scarcely
•neoessary to mate, our Commonwealth com
plied with tbe'alacrity which has heretofore
distinguished her arriong her sister - ffipublics.
A large volunteer force was instantly placed
at the disposal of the National Government,
and it is a matter of just pride to their fellow
eitiz'ens, that in the discharge of every duty,
these volunteers maintained the-lidnor of the
State, and the renown of their country. The
- citizen g soldier who fortunately escaped
death, has returned'tobisfamily and friends,
after having earned for -himself and the
Slate, a reputation
_for undaunted bravery, for
enduring and patient suffering, and manly
and heroic virtue, that the future ruralist will
delight to record. • -
- It is due to these patriotic citizens, that
this commonwealth do some act as an ac
knowledgement of thar past illustrious tier-
Vices. To the memory of the dead who
fell in the service Al their Country, it is the
duty of the State to erect a suitable Monu
ment, that them and virtue may be
enduringly remembered, and their heroic
-sacrifice-emulated-in other times, should - the
honor and safety of the country require it,J
from future generationi.
Since the adjournment of the last Legisla
ture, the Chief 'Executive Officer of the Com
moirweath, the late Governor Shunk. hes t
sunk beneath the malady which then afflicted
him. He died on the 20th day of July,
1843.
ft will not be deemed improper in me to
say a , few words in relepence to •the.oharac
ter of the illustrious deceased.
The late.Governor.Shunk having spent a
portion of his life in the public service, and
'having mingled much with his fellow citi
zens; was well and extensively known
'• throughout the. State, arid it is whir pleasure
the circumstance is recalled to my mib'l,
that at one period of his life, had the honor,
to enjoy hisintimate personal friendship.
Daring crur intimaay,dt.always gave him
;welt pteisitre - to aid:and - , assist -the -young
and inexperienced, to relieve the distressed,
and to..impart to hid fellow men, itv words
• of kindness, and deeds of 'charity, as large
a share of happiness as his condition would
allow,
His intercourse with others was courteous,
his friendships were lasting, his attachments
strong and enduring, While his resentments
for injuries were transitory and made no
permanent impression in his bosom. It.may
wits truth be said af Governor Shunk, that
he was a sinoere fhend, a good neighbor, Z.
pure Christian and an honest huh. .Such
was the reputation he sustained .among his
fellow citizens`When my intimacy with
- gave ore a knowledge of his character, and
, although a difference of political views sep
arated up for many years belore his death,
his friends at a later period of his life,
hive
borne testimony that the same purity Of in
atid desire of . well doing remained
'with hint; until the hoer of hie dissolution
The Legislature is respectfully invited to
take' such action An relation to the decease
of the- first Chief Magistrate of the Com
monwealth,, whose death occurred dating
„the period for, which.he.iyas elected,, as may
be deemed most appropriate to express its
sympathy for the sorrow and thereaxeinent
of the surviving relatives, and to testify its
respect for the memory of the distinguished
.dead• . .< ,
Prior to the decease of Governor :Shimk;
.on the
,9th day of July 1848, as appears by
~,the records in the. State Department, hi re
signal the office.of Governor, of this Com-
.itnoinvettlth,iund theraupotrunder the pro
visions of -the Illth section:of the second ar
14149 '.Ol - the Cintstitution; 'which declares, that
(sin' Case of the'death er osignation of
thri
Governor, or•Of his 'rotitoval Irum 011160,11g' ,
Speaketofihetßenate,shall exordia The •df
fice,.of... governur until , another 'Governor
shah be. duly :.qualifled,P. the duties of the
•Executive' Department of the. Government
isievolired:OU
netnreachine•until .the 'Mb day. of
eSuly,lB4ll l .The Section - al the - ,constitittion
fhereirriefseredsio,,,'olB6 declared in•felsreads
•Itelhotsairce )iubjeciithat.;"in suoh case ;an
". z°gttiei Gove , rnor ? shah Abe,ihoson. at= the "next
annual election ?=' of I'Rettresentativesi,'uniese
r`,fttlaWdeatiq resignation .fornoval
nein; letthinf thtan &lerider months ;ammedii.
tfately"pniceetlinwinolVnitat•teitittuel •electton:
shall kbe chosen 4t •
ie f annual ',:eleotion aii
.. , aeptesetattivie),‘ thv34th section of the
• , C 00 1 ,4 ttiO'Oeifetat Isigembltp.lelannit, 'to' the
elections of this, petilittbniktialth,:it is ; pros iL
elie'oliayLkontiattey shall ,
.occur.,
•(J "Ote;o43l.,dis'ot Gotetnisrl it 'this - 1:onotn
• mate ;Abair 'lltietii.eaftiailey,'MOnthi s h
I „ l .4ltertreCedlng tecti'seomid"Tuiedlit hir()(1
bar in any yea!, it iklialkobe the Ldnty; of -,te
shall
110 , 11 iii egereisertzi(the.lofifoe%OVOOviiiiidr;lo
itt. 4 4e did? so dal ;brltie'Seiferal
ew g
t 'eon , '" sthatit''-iive
liiiiii?4hat OfekiiiiliCV'forily Seed 'Aim
'" °deers :within'ihreebslendit'nuMths
401 rithe secTlB Tu esda y 0o ber.•it
ell'
toe theflptt 01 the Sp,aker
,•,1
PEER
“'-
ate, or,,whoever a e t P exerc i sed of
tbelofficent,,Govisritor , writs is
notice :midi' eleCtion
o n the second TifiAni at• *Jetober next, afib-r
-the iinsuini of Said. Writ;*and in ettniitasejlaid.
writ ehglltiesoe ai !nest three calendar
before the electiOn'l l : • ” '
Ap ekrinniuntiOn of tjteconstituitonal pro::
visiops,the'cuit , e(Asimed4;aii'd the circum,
stances of the resignatron, Witrsatisfy yoni
that_while_the_resignation_occur.ted_xno_re_
than three colander months before the next
annual election of *Representatives, it took
place at a time rendering a cofnpliance with'
the act of assembly in relation to the,. isett
ing:al writs, utterlyimpossible. In this view
of the case, it. might have been deemed a
compliance with . duty,to 'have refrained from
all interference in the matter, inasmuch as
events .had put it out of my power to comply
with the terms of the act of Assembly, di
rectory. of the mode in which the Censtitu
tional provision on tfutsuhiect shall' be oar
ried effect.
Alter a lull and careful exanitnatton . of_the
whole matter, I believed it my duty to issue
the writs requiring notice to be given, that
an election would be duly held on the sec
ond Tuesday of October then next ensuing,
for the election of a chief Magistrate of this
Coromonwealtit. It appeared to .me, that,
in all eases el doubt, there was no safer res-
ting place than submission-to the decision of
the people, and that in the construction of
the laws, telating to the point in question, il
any doubt arose, the better course in a re
publitian government, was to refer to the cit
izen voter the right of selecting at the earli
est period, his, presiding officer,. rather than
assume a position which would continue. ol
ficial station in myself, beyond the earliest
legal . opportunity to surrender it into his
bands. The olganic law required the
election, and the Legislative enactment
should be so construed as not to contravene
the Constfintionsl Jirovison._ Had the terms
of the Constittitton and laws clearly given• a
different position to the question, iowevet
unpleasant the task of performing the duties
of the office without the endorsement of the
people's will, they would have been faith
fully executed. • •
In assuming, as Speaker of the Senate, the
exercise -of Executive functions; although
nonleeming it absolutely necessary, pru
dence suggested the propriety of being 'sworn
to a faithful discharge of the Executive du-
ties,and an oath to that.effeet was adminia-
ITeTd to me brihe-htintirable-the-Spo-ak-errot
the House of Representatives.
A law requiring in all cases of death or
resignation-of the Governor,,or of his remo 7 ,
val from office, that writs to the Sheriffs of
the different coumies shall he issued as soon
alt the Speaker of the Senate shall be official
ly informed of such death, resignation or re
moval: and requiring, further, liat the onke l :
assuming Executive functions should be
sworn in the same manlier and to the same
effect as in Case of a Chief Magistrate
ted into office. determining also, the person
authorized to administer the oath, would ob
viate future ileMbis, and the same is respect
fully rmommended to the Legislature.
It is worthy the anemic - ill of the Legislattire
and the people, that nn provison exists in the
Constitution hi the contingency of the death
or inability to serve, of the Speaker of the
Senate after the death, resignation, or remo
val of We Governor; for .the selection of -a
presiding magistrate. Such an event hap-.
pening, the government Would be left with
out a constitutional officer to-carry on its op
erations. An omissioo of, Buell importance
should be supplied at the earliest possible.
period.
Resolntions expressive of the profound sor
.row.of the legislature, for the death pf that
illustrious patriot and sage, John Quincy
Adams, and of condolence Hoe the frimilv in
their bereavement, were passed by that bo
dy at its last session; and the .Exeeutive.vvair
directed to transmit the same to the widow
and family of the deceased. The - letter of
the late Executive in the perforrf.ance of that
.ditty, and the reply prthe venerable survivor
are herewith transmitted.
The attention of the Legislature having '
been called to the neglected and suffering
condition of the insane poor of the State, an
act was passed on the 14th ay of April,
t 845, providing.fur the establishment of an
asylum for that unfortunate class of Otlr indi
gent population, to be located within ten
miles of the seat of government. The com- •
missioners named in this act, with fundacon
tributed for the purpose by humane and be= .
nevcdent citizens of Flarrisburg, aided by gt
liberal appropriation made from the treasury
01. Dauphin Connty, purchased a farm of
about one - hundred anti thirty acres, eligibly .
situated within a mile and a half of the State
Capitol. In January, 1846, these edmmis.
Sinners made a report to the Legislature, in
which they stated, that on a Critical examin
ation of the aforesaid act, such • defects were
apparent, that they did not conceive them-.
selves justified in proceeding with the buil- .
ding, or to making any. expenditures of the
sum appropriated by the State, towards its,.
erection,. untiliome modification should be
meta in the law under which.they were ac
ting. To remedy these defects a supplemen
tary act was passed, on the 11th day of April.
1.§48,11p0n which the commissioners forthwith
affopted measures for the commencement
of the work. A plan for the - proposed buil
ding was adopted, end a contract was made
with on experienced architect and builder
for its construction. A considerable portion.
of the materials, as I am informed, has been
provided; the excavation of the cellars ant!
foundation has been made; the laying of the
stone :nasonry commenced, and the hydrau
lic apparatus for raising water to the buil
ding nearly completed. Of the appropria
-lion made on , account of this building, a
warrant has been drawn for 15,000,b1 which
only 52,7:26 05 has been expended. It is ho
ped and believed that the work will be for.
warded with as much despatch aa is consis
tent with prudence and a proper regard for
the comforts,and restoration of the afflicted
insane poor.
By-this;net of the 4th of May, 1841, entitled.
"An act-to provide revenue to meet the de
mends on the treasury, and for other purpo
see," certain banks were authorized to sub
scribe for a loan to the commonwealth, Mar
amount equal to.a fixed per centage therein
stnted,..on their respective_capitals;__the .
amount of such loran° be placeirm the treas•
cry fai•the use thereolon notes of said 'banks
01 the. denomination of .one, two,' and . five
By.the terrnivol-the-law,. the loan
iss.•redeemable at bey time. within five
.Yetereq,entlAyakperertiptorV that jt shoold be ,
and ihenotes.authorizeillcihisiesTild;
swithdraWnfieMcirdelation - :im or,bpfore 4118
411141efef:MAY0 8 48 ‘„-,The.:act :also , provi-
ded,:thet the,.banktriisning,seid.notes should
receive .thenv at .par..yalue:::fiir - . payinent of
debts; due. institutions. ,!•.,tt was thought
That Winakind,tbeirredemptioe -,dependent
'on, the faith at the AStatiii'as; well se,on that at
: fite , banks , by - mhich thy,wAiieritkou'ett,l4 pale
and:ceiniblweerrenCyovould:her.eonstituted,r
while tie ifitiv - goihitinefittee
bye loansat:inei:46Blo.l.4
!cent, O t i,the.previeut
C.':'7rhe.neteS'AtiteltisAett,weie, - substantially
A
e.creaturee tie ba nk's..'.'hOycenetititted
it-loanyto.Abageninionivealtb; . .yverafr4qUir
Ito be_paid into, the:tiMaitirvin'.;, , the. manner
iiiescbibentin:thik:lMVi;and.,tvere!redeetitable
their meri'Nalne:;oollol,coutitere;
firitilitt'und,fie,Circum.elinicetifi..thfsi'.44illt , ie,l
in.edilltieti4OlhatOtAtie'.benke*ing,
I ' not4aise
I -
liiiiiristr:letabliseqedMiittetAiifeSeii-iil*B 1 el
di t icpiiP4oolB4a±by4elleViris.i . dhe - hbenkis'
tj liilifenll l, payoitiiifiiliPteboo l 4l4MOlßi3 l o
t lieue'on'the Pak of thitT , C•Onnia. ll lWeitltbild:
tress* alone, contravened
..-;•,,!.:-..:,
°;2iz - ,1,: i,.,v:.,,:•,:;,;
..-: the;COASfilolloA.Foo';lsititedstatee, it is not
1114enttit,r9littj01#19011.0),--,,- -T;..-t,:,..---,
'-LL-1111i11.___edhe -11t4rdniii;Of.therbri‘oinel act of
' 11ie4111,-ifAttYol.4lthhi3 - amount of notes
..`:, i6000;"* *,! , yf.ilottiri - iteci hundred and
f : twet 4 l,llooSankio huhdied and sixty-five. .
t:dellare t Whipp*is
specially appropriated - 1'cl;
Ah'i..** o ! . .f , the' goer:Uhl - nerd ,during the
43;dat'Ole'PlienieKof ilebitiand'Otherspecial
, putpoSes thereiti";',inentioned. Within two:;
—years,lherealler T . the-soni-01-one-hundred_Oit
thirty-five thousand tiro hundred. and.-'four-'
'teen dollars of pail. itsue was founded the
banks and cciiiiierted into permaneKt loans at
85 per cent. Ity a resolution of the 6th of
.February, 1843 and. the act o(the Bth of April
of the same year. six hundred and eighty
two thousand, eighty-seven dollarstkerecen . t
lk
celled and destroyed. ,The act a i Alay 3ls
1894, is as follows: 'That the S Treasu
rer be, and he ,is hereby authoriz .eridd di
rected, on the hist days of June, September
any{ December in the year one thousand eight
hundred nod forty fain., to cancel, and deliver
to the Auditor General, for deetruction, filly
thousand dollars; of the notes issued by the
banks of this Commonwealth in pursuance of
the act of the 4th of Slay, rioe thensand eight
hundred and forty one, that may then be in
the treasury—and it said notes shall be de
preciatek—and contmue so to do, until the
whole arhount of the notes legally issued, lly
'the Banks iis aforesaid, shall have been can
celled and destroyed; arid the amount depos
ited to the 4.e.4bef the Common Wealth, in
Banks or Savings Institutictis ' or received by
collectors on the railioads and canals, or by
the - treasurer of the city & county of Philadel
phia, shall be deemed as money in the treas
ury, and subject to the cancellation as afore :
said; and it shall lie the duty of the Auditor'
General to keep and publish quarterly, in at
least one newspaper nt Harrisburg, a „record
of the notes so concelledand destroyed, des.
ignaiing the Bank or Banks, that originally
issued..the_same, in_oitler,_that _ the one per
cent= interest thereon, may cease; provi
ded that it shall. be the duty. of the State
Treasurer to retain rhe..several amounts res
pectively, out of the receipts of the quarter
so as effectually to secure the cancellation of
the amounts herein before provided; and the
SUM of one hundred and Sixty lhonsand dol
lars is hereby approprinted ler the payment
of domestic creditors' certificates issued by
the,A editor General : provided, that there is
sufficient money it) the treasury after paying
the several other approprlationeut this act.'
— 7 - TriituTitoistiTiirss",iiit ifitetitTifirtirtliii7lely,: -
islatureohat the. sum of filty.theasand dollars
should be destroyed quartette. Under this
act the sum of one hundred thousend dollars
s'as cancelled in 1844 ; the further sun' of
eighty. five thousand dollars' in jB4s.—the
Wither sum of one hundred and FElVellty.six
thousatd three hunched dollars in t 846,
one hundred and fifty thousand dollars-in
1847, —and one hundred and eighty;nine
thousand in 1848.
The followin,4 tabular statement, will ex
hibit with more clearness, the whole subject
in relation to the issue' and cancellation of
~
these notes. - • * * •
Original um'nt of relief notes $2, 220.265.00
Amount funded, • 135.214,00
Cancelled in 1843 by virtue of the
resolution of Feb. 6, and Act of -
April 8110.1843. '. i 682,087,00
Cancelled in 1844, under the act
of May 31, 1844.
Cancelled ih 1845, under
Act of 1844, 85,000,00
...Cancelled in 1846, under do 176.300,00
Cancelled in 1847', under -do 150.000,00
Cancelled in 1848, wider do 189,000,00
• $1,517,601,00
Leaving apparently in circulation
on 31st of December, 1848, 702,664,00
The first failure to comply
with the Act of AsSembly re- -
quiring the cancellation of
these'hotes, was print to, or,
•
on the 31st Dec. 1844.
The amount (lit - Eh:lid 7 1
to be cancelled in
'44 and '45, but not
so done, was $165,000
The ainount of fail
ure to cancel in '46
was 23,700
Do. in 1847 was 50,000
Do. in 1848 was 11,000
---------$249,700,00
It is worthy of remark„t tat ad t e can
ellation of these notes been made, as
,te
quired by law, less man ball a million a
the original issue, weuld, Am be in exis
tence, a large portion of 'which has doubtless
been mislaid or lost. It will be perceiver
• Iso, that the act requires the destruction cm
the most depreciated. In using this term,
the legislature must have intendetl those
most defaCed. The laws on the subject of
these notes, having pledged the faith of the
Slate for their redemption, it is not readily
seen how they could become depreciated in
value ' while on the other hand, realty of
them had become defaced, torn and unfit for.
use. At the passage of the act of May 31st,
1844; about fourteen hundred thousand dol
lars of this issue, werelin circulation, and as It
required the cancellation and destruct - ten of
two hundred thousand dollars per annum
only it prolonged the period of their circula
tion to seven 'years, when by the original
act of 1841, but two years remained of the
period of their duration. To the act of May
3 fst, 1844 ? is attribatable k theEgfore, the con
tinuance in circulation ofthese notes, after
they had becoine torn, defaced and unfit for
use. The original act,..had it not been coun
teracted by subsequent legislation, provided
the necessary means for the redemption of
there notes, through inesbanks on or be:ore
the 4th dry of May, 1846, and the failure to
destroy them as required by the act of the
31st of May, 4844, clearly demonstrates
that the treasury has not beecSince then, in
- a condition to repay the load, or redeem the
notes. Hence they have continued-ter circu
lation, have , been paid - Irpo - *Eirribito - , - of=
fines, and again paid out of the treasury,
until they are wholly unfit awe currency for
the citizens. The amount now in circulation,
is presumed to be about six-hundred thou
sand-dollars..lt is respectively suggeited,
that the'worat Of these notes, as' they are
paid into the treadury;shUtild- be retained,
and in their stead, - an equal amount of new
' notes of the same denominations '
under an
arrangsment Wifii.any, of the bans of:this
Co,nimOnweatthi . lM put - into" cireulition for'
a period of , time,,ap .lortgpnlii.sii may' be
required ti the the quarterly destruction of 'fifty
thousainrdillarktdabittirti - the - Wliele - amourit
.• 'orthe issue: A measure • of - thia. Character
would relieve throbrietury_o( those unfit' for
usaitatal Itayethe, alteht
putting the wholibisne'Oni ,errotilattOn.7-.
prerus upon Ad legislature"
in'tlieir;•mutilated"and`defa'ced condition,
paypiatti 'it
•,;-.,bil,doOmed • e coarse; to: rid
ifife - hiyif loamit
might w be;,a Ip'" the renewal' of
:1 4 i;cflatler:M:.utty,l)ank; Ity:the . ; present
'that iCtaake6 . 4;hiii.tit ri hi* rate al
ititOre#l',t9,',l lo. ll9vei4io4 l ilkbe: - UsUd'Uvre - '
tleeMrtig,atirt 'phkinreffiriglhe,Wlnde;iii such
Ronigtit be . deeifted '` advisable. Any
~Fi,#1401 44 0?`.0.01 4 10 4, f> 13, :t i faf
;,Petfile"o:::lli.jafi4fencryi shrill
Vlia "reoelti 'ptiykitertl'of!•,tfirtifiterCOVOLthelnitificr'
debt; , . in' jiatui' f r's:aff - L ikatAle !hitiie'tiay;;
great snornentitk*ere r ifitsielfi:fifititte. - -Thie
b
i i iieol4oo,7,p4o..W,p,pv4biOlit (OP lte larg'e'e itogt bash met b y payment . in`.''de-
ldeird , •of
r tir this riiiol,(lolkOr# . e ttiioo ,
,!iiii503441001-44ki 0/10,0104,04.
ISEi
molly intended i o b 6 temporary,in their
telete,lindliloMit:iiillreic-mirculution; should
not ,lie'foreedliaktheir legitimate , : purpose'
or paid ltom the treasury -,; insdiecharga of
(111.P.4141:4ebt.,': X..: •
••;I%tcrijiriiiit-liiecinvonicince coulde.felt., in.
witliholditrearniiiiitint4eirtnaltestkeir iire
aent:oiroulation;'ficmjiubli-rtiniliCaticn'Tia ,
secure an object , so
of the Stile should tie collegied in such funds -
MOtilOittimitted of reedy'eonvertibilitY, into
spectiFWltheifflose to the treasury::: The .re.
lief notes, its well es the notes of all specie -
paying- Banks of the Common weatthi , should . , - ;
be ~received in....otyment,ol_publie,..oues,
While other; paper money, under par t at 'lhe •
place designated fin the payment - of interest -
on the public debt,. should be, ieltised•-, unlees I
upon notice to that effect of the State Tree.:
sure ,arrangements by the Banks issuing, the',,
same were made to redeem hat 'such points .
as he might designate: The State Treasurer
should be authorizterte'require of those spe-. •
one paying Banke, whose notes inight be en
der par at the place' of paying the 'interest,
to make arrangements to redeem their notes
at par, at the point designated}-and on their ^ , l
failure to comply, to demand specie funds at
their counters. It is believed that an ar
rungemeirt of the kind suggested, would
materially aid in rendering the -notes.. of all
the solvent Banks.in the Commonwealth of
an equal value in all parts of the State;
would Increase their general circulation a
*mg the.citizehs and tend to - exclude - the
depreciated paper of foreign institution/1;
111
A measure valuable for these puiprses,
which would give increased worth, to our
stocks and enable the State more faithfully
Ito comply with contracts, is•worthy the se
rious consideration of the Legislature.-
Intimately connected with the subject or
OM public debt, are the assessment and
collection of the taxes. The laws on this
important branch of 'the revenue, require to
be remodelled and arranged iii such form as
to insure equality and linlmmity in the pav
ers' counties of the State. The manner of;
adjusting and equalizing the - valuation of
property for taxation is a concern of deep
interest.to the people, and should as far as
phssible, be left in the hands of their iinthe
diato 'representatives.' Assessors, it is sag. ,
gesfell. should Le required in e exercise of
their duties, to,rnake return i a full and cac
curate statement' of the variou products of
Farms and Monufadorics, of the kind, nature
and amount of the supposed annual value of
itre prcrductivelnilustry-01-rac-district-,---of—
the amount andliature of the local and gen
eral trade arid business, with the manner
and cost of reaching the nearest market,
and the value nil the article in mai ket : at the .
nearest point to the district. Should an an
annual statement of this nature be deemed
too expensive for practical utility, a trien
nial return might answer the purposes in
tended, Returns of a natute so general, of
the resources and active industry of ~ilie
State, while it would afloid valuable 'inlor
motion to the public officer, would place-be
fore him, such !acts as would enable him to
- detect gross errors in the uniformity -of -the
assessments; and would leave in the , hAnds •
of the officer elected by the people, the du
ty of valuing and taxing their property, in ;
stead of casting to labor so important into the
care of irresponsible Boards.
The importance of legislative action on _
the subject is enhanced by the tact, that an ,
'examinatien of the ordinary revenues and -'
expenditures for the- last few years , furnish
es evidence that the necessities of the trea
sury require increased 'reeources. A state ,
meat from the auditing department.is as fol. ,
fowl : • - -'. •
100,000,00
•- 1 ' rto
... ~." g • z... 1.. E,
'. O i'il GA 1 El
t 3 1 o.v
0) 01 . SO .4..
- .
$452i964,00
BE
'Expenses of the public works considered
as ordinary, notwithstanding much of the a
mount is really extraordinary : but as an
set to this, the tax on real and persbnal es
tate, received duilleg each year, is mole than
tli assessment of a year, the excess being
from outstanding taxes of previous years.',
The balance in the treasury on
Dec. Ist, 1844 . was •
Balance in.the treasury, De
_ _
camber Ist. 1848, was
Deficit le balances in treasury
in 4 years .
Had the law of May 31st, 1844
been complied with by the
cancellation of the relief is
sues, the additional charge
would have been made on
the ireaeury of •
Which added to the above de
ficit makes
Deduct excess ol apparent rev
enue, r
Rost deficit - tinder exhilirg laws, 1248,91209
in tour years, exclusws of extraordinary ex
!,
penditures.
The-operation - ellaws - on - the- - pert--01-th -
national governrnent, framed with a view to
the assessment of duties and colleettee of
revenue, is a subject seriously affecting the ,
finances of the Commonwealth. •No stein:
the Union depends in a greater degree for l i
the advantages of wholesome enterprise; and:
the safe emplOyment ortapital, on •the 'ma-
bility'Lnd agency of laws - sflonleig reasona
ble protection to domestic! industry: Our
mannish's, filled •with rich deposites of iron
an coal, invite the manufacturer to• employ ,
hinkill and capital 'in these commodities,.
and when they . are in demand, the s whole, ,
productive business of ihri: state _plovers,—
No'biterest feels the pressure of foreign com
petition, mere keenly, none: 'orphan' more;
certainly the fostering owe of goiernmeni,,
none ejireatfs to - a larger extent the •active in
dustry of all'olaisses of citizens, thee the pe
culiar manufacturiag establishments .01outy
own state.: , The, syM e m established' by Abe,
act ol Congress o ,1846 r is -framed. loathra '
purpose of reverium - and discriminatesis"- ,
gainst-rather-than , for protection--The effect:,
o f su iii jaws would necessarily be; if continr
~
ued, to strike'down the manufacturer; and tir
deprossavery, interest which direotly.or• tin-i ,
cidenrally leans on !him for support, , , ..; ~ i 1,..
'` QI the interests favorably affected ibr till , "
establishtnetit of manifaatories, none deseri; •
more especial notictOluiri' the laboringran
Producing cinemas. • These compose• the groan:
Mass of our'Population, and in, all respects%
differ radically, from the same classes in!othr
et eetintriina, Bert,' they are !a part ,ef iliti . ,
galittieniesit itself; Ind, aaauch; are frequent:-
fi iiitiritatl, iwthe exeroistri sop the 'Elebtivo ,
ilt
full s°, 't° * O l ll6 tlaeadanty the: in. tiPm6t;
lit in Mar,' eglitiling,- ovee,, , the - stabil rind
thiralloolof our fries institutidruCran , ' lir.
reatitliflit thisteiteipMmOtrider kelt% if
i
liveo ine het w ikAtimpoviiit 'oil thilloverc
'' ',. , ' -,' - -,.. 'i '` " , ;>,:
03 , .., .... " : ,, e -,.., e.-lz• • `„3.4' , ''' ' ~:, ,
iffn
PRINI
,ega ;;F?:
2g;
es es f- 6
.1.
74 El%
rag. rag 'Ea J•g•
• 9 2.
5 . ?
cs . T r. cc
cs
cep vu top <4l
• 4.t A - . 12
14.
E§ .ES tE , "
3 t:2 '45 M
Y •
-
$663,851,88.
.577,294-\-
886,501,49
$249,700,00
336,261,49
BEE
eighty which had Wrested from a loidign
pewer the independence of the Country; and.
took with °mem tip
.equiil part iti.fite'il
questioniinvolvetkel-To,enable-theiMto-iiiit=
charge in a proper matinit' the Attlee ' 01.4 7
owe to the Country, te.ofrherifind'theniselves,-.
a portion ol Their time be given to the.
`xamination 'anti consifiej•tition' public
questions. By the voyaid', of, labei,
they should be enabled iti.eliv:titejfieir:Cofi
de ion in society, to command fur themselves
lard families, not merely the necessaries, but
the comforts and even the luxuries of lila, to
give. to, their children the benefits prieison-
Wade etincatiOn, arid to ensure a competence
when - has disqUalified them for active..
- employment. The' pries)? labor is regula
'Amt. by its demand, and the value of the or
fieles it produces. When the demand for
.1
labor is small, and the produce of that labor
low in price, the: reward of industryis coin
, paratively reduced; when the demand for
labor is increased, _ it rises in value, and re
ceives an adequate reward. Hence, what
fiver increases profitable labor; is substantial.
,ly beneficial to the working classes, and al.
lords them the means of comfort ; the de.
; lights of rational enjoyment. and the opportu.
nity of exalting their Oundition and perform
ing w ith safety to the countty the 'duties of
• citizens.
The Manufacturer, if he be sustained in his en
.terprise, produces this result,
by opening to the
• laborer a new source of employ meat. It itr ire
_ quently . urged, that the system of protection to
domestic industryis of more interest to the man
. .ufaeturer than to the borer, as it enables him
to dispose of his fabrics for a higher Price, and
to realize a better profit on his capital: but is not
the capital of the laborer also. involved in .the
fabric, and docs.he not receive a reward in pro
portion to die value of the article? . .
Let it - b ; remembered , also, that- his 'daily
i bread,—the wants of his family,--the education
of his children, all depend upon the succes of the
establishment at which he is employed, and the
objection - can have but little weight. It is also
urged, that a reduction of nominal values to a
specie standard, would produce a result, requirt
. ins tar domestic labor, no protection on the part
of governedpt:' . A .doctrine of
.this nature is
radically wrong, and-at variance with the prin. '
ciplcs on which our free government it; founded. ,
1 Bring down the standard of prices,for labor to a
specie standard, allow no greater reward for in-
dustry in this country than in England, and the
'working classes are necessarily. forced into the
condition of foreign operatiVes, compelled to la--
dear constantly and diligently to earn for them
*clew a miserable subststence. All the luxu
ries, many of the comforts and even" the neces
saries of life, much: denied to them, while the
..educatierfoLtheir offspring most he wholly ne
glected. These observations apply to the liib-dr
°al-engaged iii the business of mining,and trans-,
Forting our coal to market, us well as .to 11.&.op
eratives more directly employed at mandfactu ,
ries. Alter the demand for- household use, is
supplied, this artialo must seek a market in those
' districts of cowl - try, where manufacturing judos
try abounds, and the demand for it increases or
diminishes in proportion to, the active operations
lof these establishments. Hence, every tire that
is extinguished, and every wheel that is stop
ped. lessens the demand for coal, decreases its
value in the market, and reduces the prices of la
bor, by lessening its value 'fo the owner of tfili
article. When to this is added the fact of coin
;petition frimcbroad, underselling in the home
marked the domestic article, the occupation of
the laborer is destroyed, and the ruin is com
plete. 'rhe revenue system invites rush- a re
sult. while the system pi discrimination for pro
tection forbids it.
Oiher classes of society are also injuriously or
behefieially affected, as the laws on this subject
favor the one or the other.policy, '1 he agricul
twist, inclined to measure the general welfare
by the prices fit his - pro - duce, and - to remain-Con
tented ,while these are satisfactory, is required,
only, the exercise of his practical knowledge, to
be informed, that he suflers also, by the policy
which strikes devl) the manufacturer. The
home market is hisenly sure relimce. The con
dition of things-abroad may afforillnereased pri
ces for the produce of his farm; die miseries of
unhappy Ireland, and the unsetiled slate of pub
lic affairs in other parts of the world, may m
are a temporary denflind for grain, and thereby
augment the value of his productions; Would be
unsafe to depend on contingenciee of this nature.
over which his government can have no control,
The entire produce of his lands, wether distant
or near the foreign market, must depend for an
uniform and r fair mice on the home demand.—
Any other reliance is dependent en the policy of.
foreign governments, thy convulsions of unset
tled power, and the unfruitful harvests of other
-Producers.
It is nut, hotvever, in enhanced prices alone,
that he finds his reward. In the home market
he is his own !actor, avoids the risk of agencies
the dangers of transportation, and can select his
own time for disposal of his produce. The man
ufacturer coulee to the market, in the fabrics he
proposes to sell, theproduce of the termer, who
is thereby relieved of the hazard and expense of
conveyance.
In another form he is alill more largely bone-
fitted. One of the elements of - well regulated 1
society, is unity of interest. Wriatever may be
said to the contrary, no natural antipathies exist
between capitol and labor. They are dependent
.
on, are supported by, and receive_ vitality from
each other. The manufacturer who investeun
dor the festering care of government his capital
'in profitable industry, opens a now source of
' , Wealth - to the farmer, the artisan and the laborer.
° An industrious population whose reward at•
fords comfort and competence, gathers around
hint, other classesare attracted, and the• store
house, the workshop. the school, and the church
are erected; villegeespring.ulp, the.din of active
indnstry and the sound of enjoyment minglete
gether; roads are opened, bridges are built, lands
Ilse in value, and.the farmer finds a market at
his door, nut ci.filtfor his ordinary surplus pro
, duce, but alidi,',for numberless articles which
were deernedenworthy of transportation From
that over floviing-fountain, by . an hundred riv
ulets, wealth is poured into h is treasury.
These are a,lew of the ninny advaMeges of
the agriculturalist and the laborer, arising from
a fair and reasonable protection of the domestic
industry ofthe country. The existing revenue'
laws of the national government, by opening our
ports to foreign manufactures, invite the labor
of the wretched, starving operatiVes of Europe
to a competition with this healthful and prosper
ous condition of.things. • The consequences ere
ruinous to the interests of the laboring and pro
ducing classes, and dry the-streams of prosperi
ty in every branch of. industry • •
. It shottlerral be forgotten, that the reliable
wealth•of a State consists' in the profitable
industry end capital of the citizens. What
ever tends, therefore, to prostrate individual
prosperity; to diminish the value of produce,
to Injure productive labor, or to drive him
wholesome investment the money capital. of
the country, strikes with alarming force the
est-interests-of-the-States 'The -revenues-0f-
the Commonwealth are derived principally
from real and personal estate, and from our.:
rail roads and canals. In relation to the for
mer, it may be said, that every dollar snipped
for the purchase of foreign fabrics diminishes
•theie'value, depresses the heme. market, re-
Auies the profits of the prodiker; Mid hence
lessens the amount of revenue paid-into the
treasury. - Capital. invested - in. the'.-Virious
branches of rminufactures, - sinksinAtilue, in
proportion to:the depression' of the businesi
in which it: is 'employed, and, when foreign
competition' is successful ,by terison„of low
duties, in Miring horn - the:home market the •
,fahrie.cif-the_ . , .capittilist;t:bia.jiiVettreent ks -_
comparatively valueless, end ' the -revenues .?
therefrom are greatly reduced:. , ',Ttuilirotitii ' ;
from our : internal :; improvemets , tire - . Still- - :
Mitre:parlous' y. affected., ylie,...raw material -;;;:,
'in' its transit. to :thLirianutaciorY,,inil oi l ~ ,
fabric on its .way .to the marliet, ire princi.i*
..rialtY. - ConieYed .allOng' . .r,oUr •CantilU a nd' roil ...
roads," thereby yielding a handsome teverino,
:tothe_Commonweiilth. When; therefore,' the .. :
,manufacturer; unproteeted...:birt Ott govern;':
-Menti is compelled-to-discontinue-his-hiisin-.E
esiopot only thelitiOrer.the . artisan, and the, :'
igrichltatelist,Nfit the State also,is seriousl y ',
iniuiettltftheigeneral de pressirin of business.. •
?therffedydithetimyealtri of the eemetry, and the:
,
,:radtteeil",tialuCtif .capittil.'•'' .
• -...-:
- 'l7llo,dinfieypt,Ortitt fair and reasonabli, .
protestienle;.:Ogadomestic, iridustmuClMi o
icountryi':hai,hefiltofore received,gBuppert so;
cordial f fihrii:NitiiiiltailliiitriiiitiONate)4,oll. y f
who hoVe:i . ,tiiiitite4a the affitits`of the ?rational; , l y
gOiernitierif,',*.:wellliii;thtitOliiiihri ''
ve;iire ''
.ceded. me in:thistdinihrittrlitihriii(AtillCOM.4. - -
rnanwealttillitiot- :ratiiiinareiii7i,he
insertion - o f a faiv,,p*adtalrMiithekapyilati:e
meSsa'gel, -, L , '' • ~,,„_v,:.,„-:,.;1,1
?9,ln'hia 4 aiitittiMeSiiiioaihinitiiii`dgejikeitl':
jtiprplim !94iiiii ';thei',lali)ect:'to t;tiOttii#4&:: - . ,, '
iton;of,Cmigreisa : ::, i'...:?:::_..;,::- , i:::,4::;(t..',: : i:' , i4:..t
~ is:Con - grass have roPearadlyi an - d;iiiii tittii: , , t ,
out euctessr ftireoteo :,. theirv: , attoOticin' to ihe^,.',.
~ ..,,' .:, .-.- ~.., :' . . ;.: •,' ..' `..- ....-.::': .,, :;i:,;;:.',',4?..-.*: i . , , .;
.: - .;- , :rtl'': ..:1 7 ,1r,:- , .'.,-.,- ,: , • '...: -, - ~ ; ~. ~....
• . ~.
1 1 .4
'4
4;1
5
0
sc
81,349,30
encouragement "of 'manufactures. The object
is of too . .Much 'criakciuence not to irire a
Ontititlenelkof -thelt7rfforts ., iii eve way
'whiciiiihall:appeaf.aligihX" ,
The' eighthannunititnessage of 0
'.teferson'keatithins fhOTOiliiii:ingrefe'fl
the/subject.!:i . 1. i • '... '
fj,, h... spirpensionq, our foreign ; commerce
, produced by.:the
. injustice of the ; belligerent
poterttorid theomoquent losses and sari-
Bees of otiPeitizene,.are,subjecti of just con
ciao.) The situation into whiCh wethave - thus
Veen" forced, has impelled :ito apply a por
tion of
,ohr industry and capital to, internal
manufactur esand improvements. The extent
of thistoniersion is daily increasing and lit
tle doubtremaina tharthe establishment form
ed and forming will. under the auspices of
cheaper Materials and subsistence, the free-
I dom of labor from taxation with us, and of
protecting duties and firohibitions, become
permanent." .
President Madison calls the attention of
Congress to the subject, in the following
terms :
• "Although other subjects will press more
immediately on your deliberations, a portion
of them cannot but be, well bestowed on the
just and sound 'policy of securing to our man
ufactures the success they have attained and
are still attaining in some degree, under the
impulse of causes not permanent."
And again, in his special message of Feb
ruary 20, 1815, he says :
" But there is no subject. that' can enter
with greater force and merit into the deliber
ations of Congress, than a consideration of
the means to preserve and, promote the man,
ufactures which have sprung into existence,
and attained an unparalleled maturity thro'-
out the United States during the period of the
European wars. This source of National in
dependence and -wealth, I anxiously recom
mend, therefore, to the prompt and constant
guardianship of Congress."
In his seventh annual message, he again re
curs to the subject, as follows :
t 4 In adjusting the duties on imports to the
object of revenue, the influence of the tariff
on mannfactures will necessarily_present..it--
self for consideration. However wise the
-theory may be, which leaves to the sagacity
and interests of individuals, the application
of their industry and resources, there are in
this, as in_sither cases, exceptions to the gen
eral ruly. Besides the condition which the
theory itself implies, of a reciprocal adoption
:by other Italians, expel ience teaches, that so
many circumstances must - occur "in introdu
cing and maturing manufacturing establish
ments, especially of the more complicated
kinds, that n countrYinay remain long With
out them, although sufficiently advanced, and
in some respects even, peculiarly fitteu
carrying them on with success. Under cir•
cumstances giving a powerful impulse to
manufacturing industry, it has. made among
us a progress, and" exhibited en 'efficiency
which justify the belief, that with a protec
tion, not more than is due to the enterprising
citizens whose interests.ale now at stake, i
will become at an early day not only saf
against occasional competition Flom abroad
but a source of domestic wealth and even ex
ternul commerce."
And again
,‘ It will bean additional recommendation
of particular tnanufacturers, where the mite
rials Tor them are extenrivdy drawn-Mom
our agriculture, and consequently impart and
ensure to that great fund of national pros yeti-
ty and independence an encouragement tvbic
cannot fail to be vett arded."
President Monroe in his first inaugival at
dress says :
"Oar manisfacCu - ri.s will likewise require
the systematic and fostCrir,g care of out Gov
erninent. Possessing, as we do, all the raw
materials ; the fruit of our own soil
dustry, we ought not to depend in the degree
we have done, on supplies from other conn•
Cries. While we are thus dep endent, the stid , •
den.events of War, unsought andtmexpected,
cannot fail to plunge us into the most serious
dirlieulties: It .is important,Loo, that the
capital which nourishes our manufactures
should be domestic, as its influence in that
case, instead of exhausting, as it may do,•in
foreign hands, would be felt advantageously
on agriculture, and every oilier branch of in
dustry; Equally important is it, to provide
at home a market for our raw materials, as
by extending the competition it will enhance
the price. end protect t e. cu ivator against
the casnalities incident oreign markets.".
His Excellency, Si on Snyder, Governor
of this • Commonwealth, in his message of
December Bth, 1815, says :
" The subject of manufactures, from full
experience during the restrictive system and
the war, is now so well understood, as re
spects. the practicability of a ivsntageously
carrying them on, as to the kind of goods
which may I matle and the qualisy and du
rability of the articles which have had a fair
experiment amongst us, that it is deemed tin
necessary to urge arguments in their support.
The general governMent, (qtly aware of the
importance of the subject, will, it is confi
dently hoped, follow. the dictates of political
wisdom, and protect our manufactures against
injurious foreign competition or combina
tion : a contrary course would protract the
long and anxiously sought real independence
of our'country and again impose upon us a
dependence almost colonial."
His Excellency William Findley, referring
briefly to the subject, says
"As agriculture and mitnufeetures are the
great sources of wealth', and the only solid
foundations of our comforts and indexentl
once, they are particularly entitled to the
fostering care of government." .
In the first message.. ofpovernor Woll he
speaks as follows:
" The protecting policy h'therto sustained
by the general Government cannot, under ex
isting circumstances; be abandoned or relin
quished with the approbation or consent of
the people of Ilennsylvania. Their interests,
their prosperity, and I may add, their com
forts, are at this time essentially identified
with that policy.' The diversified branches
of industry' in which our citizens are-enga
ged ; the character -Of the productions pecu
liar to•out soil ; the state of the foreign trier
ketslo which we had heretofore been accus
tomed to resort for.the sale and exchange of
our staple coramodities, BO the interdicting
duties by which the produce e our agricul
turalistsis excluded from those markets,
leave us no alternative as to the course to be
pursued. We must either suffer our surplus
produce to.perish upon our hands, or we must
.liah_a_market fQr its consumption_a
1 home. We Must either submit to • the humilt-
sting condition cif becoming-tribluary to for
eign industry, or by•aflording eneAragement -
to our own, render ourselves independent of
foreign imposition and exaction. Under the
encouragement and protection now 'afforded,
out manufacturing 'establishments are assu
ming a vigercina' and' healthful 'appearance, ..
,a,tul giVereft - to - prantiserviOnmoting - t he—
general Proaperity of the country, and, at ac.
complishing the , great.ind:' and design con
templated by the friends 'arid advocates of
the protective system. .Our.statesinen, whh
have hitherto represented us in the National'
,Legislature, as well no_ in
-that of, the State,. i
have tinifiirifili'eictillesiedllieieilifiriilablil - P7
firmtitively;anti‘in terms hy , Wkeans equiv 7
'Oen!, that l thia nation peseetiies'llie right:un- •
deitheiennit itution ? to , profeet),W industry' '
li - y,:sittutOryi enactrnenta, - 4f - -itifl,opti;against' :
the:injorious‘coniennenOs ht,f,Or,i4it iegisia, •:
lion, and , that ; the acts otCOriiass imposing ~
duties'
,on: trittiatte are , Conititutiondl ;• and
their constituents, have as..uhequiVinall,lire.:
spondedlo:thOse.opinione.?? . '„,;„YrAhik,;a• - ."-,• , ... i
f lt
---Goverlicir . : Porteriallopretaratt#4 e-,sti'bjeol-4
in'thelfolloWitni'ptannertt." , tt , .0,,•1,4 4 ' . . --- It -,- '', - 1
'" alt . ii,:apvtio - r,tby' the!ireat•Sta e'ofiPentia
sy I '‘innia4to.'ilepen r d tinY thel intliiii*iiiiii'of
other Statei;ar,of foreign' ceurittietri 'to! intr.' 1
l il f;:hel.''elP6o? it h• ,these_ aciieles -ter the ';
vas inua pill pott, e‘cit, lire iihieli they. can !pro'. j
ihicp,hc_meel,:yletiOvelli,as, cherbr, und i es ;
iihiintlengiiliii jy',,,o,thettiedo l 6 - . on: tlieliee
Or,thkglotie4l I..titilles teeming w ith Kehl':
xi . s!;iiu.l7:liilkii - 47ite$heeerlese • ee,i.t,eti. hi'',
'cP 4l 4.9 0 : ioii,iitiPgAist,tlo:olAiiiolo,g,;*itt? a.r,y,410-09wiltiOc.ifirttprp9fottosuyrasqedlkY.i
'that lit 00/othie4etikrY,..!;,*l4,':ttiii' citizens':
.sijinn,l4e4 kfenterinlitennale,:lefelligLinil":,l
:to ientleeit?effeetunl,iehetzl44tWakpnv` M I
klititibiri%!Oritnleperitteeeet. thiliii.44o,olso? .
iiihtelft?tlfe - Inin4eV•ethenol4tlol.ileittafil
' liffAl .el),ll.tblttr.tieVpter..loo;niiithiVeleAllige !
rieillrtielor. l oo , :lo l6 Wjkr4Plitr i '
-,.:.';',:' 1 .,:.;, : ...2.1' ; , ;,:: , 1;:-,..- ...f.: , !;,:::: , ' , ,i'x..:' , .':.•':'','.':, , .y:,':'',',.:
:,-,,:i!','
..:":,r,".,.'?',:.,-:-...,f-.,'.'.;:-'.',!Or't.,:.i-
.:id ;~
toritisfOis'aubject to your notice, but with en
hoMAT'feeling of Sfate pride and a generous
"tin4Whi_ch'shottill inspire m with It de
• hy , '• fion' tint to be indebielLtoothers-for
ti 'Wilful means of • promoting
o perify,.ariOindependence which Ne
ttle' 'his .hotinteiniiskir lavished on our car
.
q • lion of :the:greatest magnitude, in-
VelVing t lionkik26t the State, and the inte
'rests bithwe will arise in the consid
eration of the public debt. The regular pay
tnent of the annual interest, and the formation
of a sinking fund for the final liquidation of
the principal, should receive the early and
careful attention of the Legishoure. It will
give me unfeigned pleasure to unite with you
in any rational mode calculated to facilitate an
object so desirable.
(.
N..
esitlent
r e to
he present debt of the Staffs is as follows,
0 p et stocks $1,887,549 00
11 do do. 37,305,801 18
4i do do. 200,000 00
Relief Notes in
circulation, $702,004 00
Interest Certi
ficates out
standing,
Do. do. un
claimed, - 4,448 38
Interest on un
claimed and
autgtanding
certificates
to be added
to them when
funded,
Domestic Cre
ditors,
Total amount of public debt,
Dec. 31st., 1848, $40.424,736 98
Of the above there is due and 'demandable
at the Treasury as follows
Relief Notes, $702,664 00 .
Domestic Creditors, 89,318 95
Interest certificates-of all kinds - 239;403 79
It is presumed the gradual process of can
cellation of the relief notes, or their redemp •
Lion as heretofore indicatett, will remove - to
that amount, - the pressing necessities of the ..
Treasurr •
The residue of raid sum of 81,031,386 14, f i N\ L
(to wit :) „
$328,722 74 is due and demand. ,
able, • $328,722 74
Also due end demandable of
funded debt as follows: •
June Ist., 1841, .$26,051 80 •
Aug. Ist., 1846, 1,908,:i09 35
or I Aug. lat., 1841, 22,335 66
Present IbibiTity of. Treasury $2,376,518
Residue of public debt falling 'due
March 1, 18.19, $59,551 46
Dec. 1, 1850, 999,311 15 •
April 11, 1853, 133,214 00
Dee. 1, 1853, 1,998,407 09
Jan-. 1, 1951, 798,474 61
Dec. 1, 1851. 1, '2,197,8.19 53
• Aug. 1, 1855, 4,489,463 70
July I, 1856, 2,780.898 26
March 4, 1838, 3.1198,395 47
July 1, IS-18, 2,010 010 50
- J6ly 1, 7858, - 525,922 - 74
July 1, 1536, 1,195,028 93
Aug. 1, 1859, 49,998 25
July 1, ISO() ; 2,633,777 61
Mch. 28, 1501, 120,000 00
July 1, 1802, 2,265,059.75
A priT 10, 1863, 290.000 00
July 1, 1861,. 1.378,375 99
June-27, 1864, 1,134,8327.0 •
Aug. 1, 1864, 800,680 89
July 1, 1865,-- -. 959,510 70 -
Jan. 1, 1865, 868,87313
July 1, 1868, 9-523.,617 64
idly 1. 'lB7O, L 939,583 65
Bank charter loans 67'8.375-96
Total amount of funded debt
not demandable at the Tred:
sury,
nterest on the public debt,
$1,887,549 06 at 6 per cent
MEMO
37,305,601 IS "5 " " 1,869490 Ont
.200,000 00 "4l " " 9,000 00
Regular :nmial interest on the
loans as they stood Dec. I,
- 1848. -
On a portion of the abov . e
loans,"there will be to pay
31 years interest on 1 ebrn
ary Ist 1819, which it is es 4
timated will increase the
amount,
Oh whatever amount of inte
rest certificates may be
funded bet ween the 'I at. of
February and the -Ist. of
August next, there will be
due at the latter period 4
years interest, estimated at
Probable 'amount of interest
for 1849 $2,06,3 , 12 95
To whieb add- gitnrantied
terd . st on Danville & Potts
ville Rail Road, and Bald
Eagle and Tioga Navigation
Companies
* - $2,039,042 90
The est imnted revenue for the current yea!
is ns follows:
Lands $ 20,000 00
Auction commissions, 23,000 00
Auction Duties 60,000 00 ,
Tax on Bank Dividends 120,000 00
" " Corporation stocks 150,000 00
st ,s. Real and pehonaLestate 1,330,000 OQ
Tavern Lice sea • 35,000 00
Retailers " 130,000 00
Pedlars " • ' 2,500 00
Brokers " • 5,000 00
Thealre, Circus and Menagerie •
licenses 1,000 00
Pamphlet laws 4/000 00
Militia lines 211:1100 00
Tax on writs, &c .' , 49,000 00
.
Tax on certain offices7o,ooo 00
Collateral inheritances , 00,000 OD
.Canal and Railroad tells 1,650,00'6 00
Canal fines, old materials, &a 3,000 00
Tax on enrolmcntof laws , 3,500 00
Tax on loans '• 115,010 OD
-Dividends-on-bridge-and-turn
pike stocks .. .
Accrued;interest
Refunded cash
Escheats. - •
Fees on public. offices
Miscellaneous
- ,43,83k,90000
Estimatodexpendituros rot the•cuirent gear..:..
Pithlic , 000,01:0.00
Expert t*"` , 22.0,060 00
• so,ooo 00
Tenskinfond gratnitios,.. • '23,000 00*
30,000 00 '
s)ci W§tii6oli
fO,-inclvding non- ..
• •
.250,000 00 .
IotoiWit Ituarlo - t
. • , e 5,040,000 06 ,
•Domet44lo ciellitors t „:„,,,, ! !,•l2,ooo 00,
Capeeilid. rOjeCnoteir, '
' 4 , 30.0b0160 7
•ps
Buil,afpe
- W eigtilokot- g lloacl4 - iteilen:
Pcinitentiorivi 13.006'00_
liOuge of RefuitiC . 01 ',1 , ;114 000 00
,„ ~ , 2(,)( 00,,
Esepoot's ,
Atlateniont of'Sitile,TaX 2 11%p 4 .4. 05 (4),
Miecelleiieoud 0,0004,114
, .
2 ,,iiirihrgy?tlitt!fairgOing,stazeloooi# 3 i . ,glil,,P • :
'peso,pliOciiiieestivnatels ofitelielpotafiAcity
•nedookiiteibe doitiect,aid.toek;doublicinvflpt
-ppfisity#o4l,iii. 14, tirvilyn,
sj e li ti g it li# llyt
149 vv e th el e 4
it is, inllnrcnt the Stiktepin!iiti. in n. 044 1 7,4 0 0,
•' : -
, • A-. yp
'44.49,2
~, • F , ,
_
839,393,350 24
220,789 52
14,103 SD
89,318 95
1,031,386 74 -^°' 1
$2,047,796 21
537,315,354 93
$39,722,072' 9&
S 1'1.3'.252 9;1
1,987,74'2 .99
7,DOC OD
ko,oeo 00
35,...,500 00
2,000 00' e : 1
4,000 00
5,0.010
'l,OOO 00
1,500 00
6,000 00