Jeffersonian Republican. [volume] (Stroudsburg, Pa.) 1840-1853, 1846-06-04

Making an aggregate Of 4,sol,7O4 50
The payments made out of the
Treasury, during the same peri
cd, including the repayment Of
the loan of 100000, were, 3,6s0,sl3 IA
Leaving the balance in the Treasu-
ry, on the lst Dec, ls47, $50 $50 IS
being S296,2l2 Is, more than it was on the lst
Dec, 1916.
The estimated amount of available
outstanding taxes, on the lst
Dec, lS47, was, 54S,sSl 90
and the estimated amount of the
same, on lst Dec, lS46, was, 542 6SS ga
which exhibits an increase, in this
item, of 6,l92 SO
To which add the increase of the
balance in the Treasury, of 296,2l2 Is
and we have the sum of 2404 81
as the aggregate increase of the balance in the
Treasury and of outstanding taxes on the lst Dec,
lS47, over the same items on the lst Dec. 1916.
This calculation shows, that the revenues assessed
and accruipg, within the financial year, ending on
the 30th Nov last, were not only adequate to meet
the demands upon the Treasury, within the year,
but exceeded them by the sum of S302, 2,404 81, as
above stated and if to this sum be added the amount
of The debt paid within the year, to wit, Sl6O,627
49, we have the sum of S463,032 90. as the ex-
of the revenues accruing within the year, over
the payment of the interest on the public debt, the
expenses of the government and the other ordinary
demands upon the Treasury.
This presents very encouraging view of the
improving condition of the finances of the State
1t is the first time since the commencement of the
internal improvement system, that the permanent
revenues accruing within the year, unaded from
any other source, have exceeded or been equal to
the demands upon the Treasury. 1t is true, the
interest upon the funded debt, and other claims
upon the Treasury, during the two preceding years,
including the payment of portion of the public
debt, by the cancellation of relief notes. pune
tually paid but, in doing this, the balance which
had accumulated in the Treasury, on the lst Dec.
1874, by the previous suspension of the payment
of the interest the public debt, for two and
half years, as well as the amount of taxes then
outstanding, were diminished each year, until The
last, as is particularly explained in my annual mes
sages, in ls45 and ls46, to which you are respect
fully referred.
An estimate of the receipts and expenditures, of
the current year, made with much care, and upon
consultation with the other officers of the govern
the estimated amount of receipts into the Treasury
from all sources, for the financial year, ending on
the 30th November, lS4S, is S393l 300 90
And that the estimated amount of
expenditures for the same pc
riod, including the cancellation
of 100000 relief notes, is 5S7e, 800 90
Which exhibits an estimated excess
of receipts, over expenditures of S346,5l0 90
To which add the estimate for the
cancellation of relief notes, which
are part Of the public debt, 100000 90
And we have the sum of 545,5l0 90
the estimated excess of receipts, of the current
financial year. ending on the 3Oth November next,
over the payment of the interest on the public
debt, and the current demands upon the Treasury.
These estimates, when taken in the aggregate, |
consider entirely safe and reliable. During the
last few years, the actual results have been more
favorable to the Treasury, than were anticipated by
the estimates. Notwithstanding the extraordinary
foods which occurred during the past year, the
consequent damage to the public works. and the
interruption of the trade upon them, for about two
months, the tolls taken by the collectors, within
the year, according to the report of the Canal
Commissioners, amounted to the sum of SI,5sl.-
575 81, being S2s6,0sl, IL, more than was Ia
ken in the preceding year, and exceeded the est-
mate made for the last year. one hundred thou
sand dollars. Had no unusual interruption of busi-
ness occurred, the amount taken would certainly
have reached eighteen hundred thousand dollars.
The estimate of canal and railroad tolls, for
the current year, is seventeen hundred thousand
dollars, which, there is good reason to believe, is
rather below than above the amount which will be
received. The expenses of repairing the damages
TO the public works, by the floods of the past
year, will principally fall upon the current year.
They are, however, included in the estimate of the
expenses of the year, and will not affect the results
presented in the preceding calculations
The amount of relief issues in circulation. on
the first of December last, was nine hundred and
thirty one thousand, six hundred and sixty four
dollars, of which fifty thousand were cancelled at
the Treasury, on the 3lst of Dec, leaving eight
hundred and eighty one thousand, six hundred and
sixty four dollars, still outstanding. The means
of the Treasury, it is believed, will be adequate 10
the cancellation of the whole amount now in crcu.
ation, within the present and succeeding year.
Many of them are 80 defaced as to be almost ilIeg
BILE, and unfit for circulation besides they vitiate
the currency, and furnish excuse for the use of
small notes from other states, in violation of law,
and lessen the circulation of gold and silver among
the people. Justice to the public creditors, who