Sunbury American and Shamokin journal. [volume] (Sunbury, Northumberland Co., Pa.) 1840-1848, 1844-01-06
Sl,0S9,S32 So

So that it appears more money has actually
becn paid out by the Commonwealth, for edu-
eating he people, than the amount of State tax
paid into the Treasury.
|, will be entirely practicable 10 make provi-
sion for the payment of the scm.annua interest,
ON and after the first Of August next. And, to
provide for every possible contingency, the
State Treasurer might be authorized 10 borrow
If necessary. sufficient sum to make mp any
deficiency, and the taxes aud other receipts OF
the State, applicable To the discharge OF interest,
be pledged specifically for the repayment Of
such loan, and applied as soon as received.
The arrears of interest due in lSi2, md
February and August lS43, have been funded
in conformity with TIE acts of Assembly upon
that subject. This was the most that could be
done for our creditors, under ;he circumstances,
and il. hereafter, provision be made for the
punctual discharge Of the interest, il will be.
lieve, be as mitch as could reasonably be expoc-
ted, ly the hoders Of our loans.
There is row due from the State to certain
hanks the sun OF - ,iG7.G2S CS, on account of
the issue of notes under the act of ith May. 1871
which bears an interest OF one per cent. BY Nir-
tue of the act of Assembly passed the sth day of
April last, entitled "An act to provide for the
payment of Domestic Creditors, &c, these notes
are to be cancelled at the rate of one hundred
| thousand dollars per month. The funded debt of
the state bears interest of FIVE and six per ct.
! payable scmi-aunnally. II this cancellation be
continued ut the same rate il is very certain this
interest cannot be paid. a very large proportion
of taxes and tolls will he paid in funds of this de-
scription 1t isrhcrciorc, ior the Legislature to
determine which of these measures IL is the poll
! cy of the State 10 pursue,
The revenues derived from the public works
during the past fiscal year, although not realizing
! the estimates which were formed at the com
mcncemcnt OF the year, have yielded very hand.
some profit 10 the Commonwealth over the cN-
pcnditurcs required for their maintenance The
/ report of the Canal Commissioners, which will
be laid before Nou and 10 which your particular
attention is invited, exhibits in detail the re-
cCipts and expenditures upon the several lines oi
canal and railroad. BY that document, it ap.
pears that, from the early closing of the canal by
ice in the latter part OF ISL aud lis late open
ing from the same cause in the following spring
the uayigabie season of Si3 was rendered about
eight weeks shorter than that Of the prevou;
year A combination, likewise, took place
among the hoatmen on the Delaware Division
which existed for several weeks, putting stop Il
transportation, aud cauSinga loss of revenue I,
the Commonwealth of not less than s30 GOO
Notwithstanding these iupcdiments, added I,
that cNp"ricGcci from the high floods on ilc Iuni
alta in September last, the tolls amount To : /,
017,sil -. being an increase over the receipt
1912 Of S37,C97 81. An abstract Of the rc
cripts and expenditures ON the several lines cx
mbtS the following result
ENrENrITUPrs. RUcurTs
, Main Line. Si25,036 30 SS57.212 .
Delaware Division. p ,553 - %, j6j 1
:, SGsquchanua, North
and West branches, 50 22G so 50 ,206 o
Beaver, Shenanso
and French Greek, 1910 50 G,l56 :
4 $500 22s 80 sl,Ol7.sil I
? Deduct expenditures, 522,22s !
i Excess ofreceipts over eXpon-
d dtures, Sld9,ol2
y Deduct drawback on flour and pork 22,i36
. Si73175 s
q And increase of stock on Columbia
n Railroad, 0isl
y Clear profit of all the works for
1919, sis2 ,657
s. The increase and decrease of tolls on the d
At fcrent lncs, a. compared with 1872, were as i'
ie lows,