Sunbury American. [volume] (Sunbury, Pa.) 1848-1879, 1849-01-13
s2,oo6,542 s6
$4,000 90
s2,03s,O42 SO
le current year
ss,s5i,sOo 90
s,7ls,6oo 90
$135,3oo 90

penditures) $135, 300 90
To form fund for the liquidation of the
residue of the public debt, is an object not
less important than the one Just suggested.
Pennsylvania should no longer bear the bur-
thens which now oppress her citizens, with
out, at least, VIGOROUS and manly effort, to
relieve herself from her liabilities. To the
Legislature belongs the duty of devising such
means, and enacting such laws, as will best
promote the interest of the people, and efforts
so laudable willat all times receive the ap-
probation of, and be aided by such sugges-
tions as may present themselves to the Exc
cutive. A more favorable opportunity may
present itself at the present session, than will
soon again be offered. Many of the banks
of this state have given the requisite notice,
that they propose TO apply for renewal Of
their characters, and kwould suggest, should
il coincide with your views, the policy Of ex-
acting from each of these institutions that
may come before the legislature, the payment
of certain per centage on its capital, in ad.
by existing laws. A sum raised in this way
might form the nuclues Of a sinking fund,
which, however small, would regularly in
crease in importance and value by the assis-
tance it might receive from that and other
| sources The charters Of all the banks in
the Commonwealth will require renewal, the
increased prosperity, population aEd business
OF the country, may require additional bank
ing facilities, and during each year a small
amount could be added to the fund The
investment of the fund thus created in the
purchase OF state stocks, 1.-THE present revenue
laws of the state being preserved,) and the
interest on stocks purchased, being again in
vested in the same way, would increase the
fund while il diminished the debt, until all
would appreciate its importance and consider
it with favor. Should our sources OF revenue
become OF greater value, as may be reasoua.
bly, anticipated large balances over the ex-
penditures of the government will accrue 10
the treasury, fixed proportion of which
could properly be added to the fund Thus
would it increase in triple proportion, until
the enormous debt with which we are en-
cumbored, would be finally extingnished
Whatever may be the views of the legisla
ture in regard to The plan suggested, it is ar
IDENTIFY hoped il with distinguish its proceed
ings by the adoption OF means to attain an OBJ
jsct so desirable. st tr
In the revision of the laws on the subjec
of revenue, with asview to increase taxation
the farming interest of the state should no
be further burdened. The state, comfy
school, road and poor rates, levied upon land
and the reduced price Of the products of ths
agriculturalisi, occasioned by the present rev
enue laws Of the national government, opera
ting TO the injury Of the home market, shorl'
justly and equi,ably relieve it from addition
sl TAXATION h rsliags :. izno incl 81 .l
For many years no settlement of. the &C
counts Of the Commissioners Of the Interna
improvement fund has been made II
worthy Of consideration, whether 4 commis
sion TO consist iofa Clerk from The sApdits
Geusrals and the state deprtmsAh with