The daily union. [volume] (Washington [D.C.]) 1845-1857, 1845-08-01
PENNSYLVANIA.

mas subjected our country 10 strong rebuke In the
eyes Of European statesmen. The government
of the United States has discharged, to the
last cent, the public debt funded after two wars.
This was spectacle which is unprecedented in the
annals Of Europe. We paid every cent in national
capacity and not stain rests upon the escutcheon
Of the federal republic. The several States (now
amounting to 2S) have, in like manner complied
with their solemn engagements, with the exception
of two three. The fatering faith of Pennsylvania
was more injurious, for time, than the reputation
Of any other State but, fortunately for our public
credit, as well as for her own honor, she has come
forward to redeem her faith and place her character
hencelorward above the reach of suspicion. The
wings have awaited themselves of the reputation of
or States, to raise clamor against the repub
lican States They strove to throw the whole odium
upon the democratic party. But when the republic
can legislature Of New York determined to raise
their for the purpose Of redcemng her engage
ments, and in the very face Of wing opposition
when the Legislature of Virginia performed the
part in spite Of the Whigs-and now, when Penn
sylvania repeats the experiment, the wings must
have the modesty to hold their peace.
1t was on the 29th July that the State treasurer of
as appears by the following article from the last
"Harrsburg Union:"
THE INTEREST WILL NE PAIp7Re credit Of Pennsylvania
redemedt will be by the subjoned note from the
treasurer that the nstament due the LIST rroxmo
viii be paid in iu This ement made with more
pleasure than any which has for long time appeared
in our columns 1t Is the more gratifying because the
accompanied by the confident hope meeting all future de-
mands against her If bankrupt Pennsy might
never emerge from her pecunary dncultes interest
OF
bity of restoring her credit but by proving that she
clear that she always can; and while she she tcH
THE people OF Pennsy lyana never have for moment
entertained the base doctrine OF reputation The Common
wealth has heretofore failed in the prompt payment of in
crest from combination OF unfortunate and unforeseen
can enormous debt contracted by the construction
of vast system OF internal improvements vast
squandere the making and management of those works
loans were negotiated to meet the interest on the old
was deeply involved in pecunary ebarrassmcns This
dear lesson of experience will not be without its usefulness
future Pcnsy vania will avoid the OF the past
and instead of borrowing discharg the interest trust
that sinking fund will long be provided TO reduce the
ave offer our sincere congratulations to Colonel Snow.
den the complete of his untirin5 efforts to
bring about the results herein announced He has boldly
and overcome all the obstacles which lay In
the way Of the redemption of Pennsylvania from the dis
grace deaca,on and without turning aside moment
from his course has finally arrived at the great object
earnestly desired by all Pennsylvania will not forget his
services.
Eternal honor duo to those counties who not merely
talked about paying their quotas before the first Of August
but boldly to the mark and paid is with no lit
tic pride we reflect that Dauphn is among the number
STATE TREasuny orrrcr,
"HARRIssuRG. July 30, lsi5.
"he holders certificates Of the funded debt Of this Com
hereby notified that the interest due the
proximo will be paid the Bank of pennsy lvana in
JAMES ROSS sNowDEN,
State Treasurer"
Wing as the philadelphia Gazette" is, we share
its congratulations upon this occasion !" We con-
graduate the people of Pennsylvania" says that
paper "upon this result, and the indispuable
evidence il affords of the willingness of our
citizens to stand by the State in any and every
emergency. II shows 10 the world how dear is her
integrity and honor and how false and unjust6able
were the imputations of population which the
her."
From the Philadelphia U. S. Gazette,
The Treasurer of Philadelphia county made yesterday
large depositG the credit of the in the
pennsy yana Bank and is ready today TO make de-
fciency which the State may have. The work
goes bra,ely
Deeply mortified as every true.hearted Pennsylvania
has been al the condition into which the good old com
monwealth was placed and induced, some ofus have
been, TO he almost unjust TO those who tainted MS with our
wrong positions, the above announcement must come to
them with peculiar delight II is refreshing alter so much
confusion ofiace after enduring many taunts to find the
state sustaining in August the right position which she
assumed in February and to feel that with less and less OF
cxetions she will be ready and willing in February next
and at each succeeding February and August to the
interest on her debt while there can be doubt that in
short time tho eNeos may be diverted from preparations
for the payment OF interest to efforts for the absorption oil
the principal
We congratulate Mr. snowden upon the honorable posi-
ton in which he is able place his name and thank him
for the exerons and sacrifices his part aid in the good
work Of state honor.