The Columbia Democrat. [volume] (Bloomsburg, Pa.) 1837-1850, 1846-01-17

uon Oh we Legislature 10 make proVlsIo" W
satisfy the public wants
rhe present period is in truth, the crisis
Of our affairs. Prompt and affective msa-
sures now to make moderate addition to
our revenue, will restore 10 Pennsylvania,
Cor all future time that proud position from
which she - temporarily been made to
stoop, by course Of policy that never met
the approval Of her people. Bot the adti-
lion must be made a, once. Unless the es-
inmates that have been presented shall prove
essentially erroneous, the balance in the
Treasury; on ne first OF December 1916
" i'll not exceed one hundred thousand dol
lars. 1t is therefore obvious that i( the re-
eipts a. The treasury during the months OF
December, SAC and January, lS47 do not
greatly exceed The receipts Of the cores
ponding monlba Of any preceding year
when the amount Of outstanding taxes was
greater than il will be then a deGci, musl
occur in the means Of the Treasury; 10 pay
the in rest, which will become due on the
lst OF February l547 The necessity Of
adoptin g immediate and e1iCien, measure.
to guard against result which would be
so fatal TO the renewed faith and honor ol
,he State ca mot be too strongly enCorcet
npon the atte niion of the Legislature.
Intimately connected with the suhiec
Of our finances, is tha, of the Banking sys
TEN Of the State. The evils that have re
suited from The manner in which il ha:
been administered, and some OF those more
essentially connected with its organization
and tendencies, have been felt by all. Ye
it may well be doubted, whether Ihe whol,
of the mischiel5 which il has insiigaled ,hav,
been traced back to their fruitful and PERM.
lIcious cause. Not only has it stimulated
Individuals to ruin. but States hava beer
ed by It's seductive and corruplng inhu-
ences, into a course Of wild extravaganza
and consequent bankruptcy.-Pu5lic debt
have been contracted even the interests O
I which could scarcely be met by he mos
P 1nerons taxation; while in other cases tn
; loith Of the govern ncnt which ought al
ways 10 be held sacred has been violated
2 IN time of profound peace.
P The history of Pennsylvania since ,h
, beginning Of the year 1896 is a painful it,
& jusWaiion Of this truth. In December l83!
I when Governor Wolf retired from Office
wo months before the Incorporation Of III,
: Bank OF The United States, the State deb, o
. pennsylvania was S24,569,743 SO lii
now exclusive Of the amount received as
dep0si! from the General Government,&4O
lose % % making an increase OF the Statt
deb! in ten years Of 10 900 Gl9 90 not
wits!andjng the receIp! 10 the mean time o
I2,S67,5li 70 Of surplus revenue OF he L
States and Of 3,446,76O 23 as premiums
for Bank charters.
In contemplating this Startling fact
we naturally look ronnd for the merito
rions objects of State policy, fer which
this vasLaggreg gate of twenty-five and
ihree quarter milions Of dollars, has been
expended.
We find none OF any magnitude. Iht
main line OF Canal and Railway, between
Philadelphia and Pusburg. had beer
comp !eled, and was 10 successful opera
ion. The Delaware division, the Sus
quehana and North Branch division. t.
he mouth of the I4nckawana, the W'es
Branch division 10 Queens Run, tn,
Beaver division to New Castle, tn,
Franklin line, and toe French Greek
Feeder, were all substantially foshed
when Governor Wolf left the EGecu,
i've Chair;ind the sum of $344, 4,6ls %.
was all that remained to bs paid for
completiug them.
The State had reached a point in her
Improvement system, at which she
coald have suspended operations with
lut loss. The scheme of direct taxation
o pay the interest, on The Slate loans
which had been introduced under Gov.
ernor VOLTS administration, was ad
monishing the people OF the inconven nj
ance of public debt. Every thing in
4 Heated that the further progress Of ou
ISlale improvements was 10 be deferred
Idll time had tested the productivenes
of the finished works, and the increas
ING development of Our resources har
nviied and justified thstr further exten
!, sion.