Jeffersonian Republican. [volume] (Stroudsburg, Pa.) 1840-1853, 1849-05-31
State Treasurer's Report.
TREASURY DEPARTMENT.,
Harrisburg, May l6, 1849.

TREASURY DEPARTMENT.,
Harrisburg, May l6, l849.
To the Commissioners and Treasurer of the Coun.
Gentlemen: To sustain the honor and credit oil
the Commonwealth, another effort is required to
meet the interest falling due on the public debt
With view to promote the prompt payment ol
the respective quotas of State Taxes, by the sew
era counties, the most liberal construction will be
given to the forty second section of the act Of 29th
April, 1914.
The abatement of five per cent. will be allowed
to any county making payment in time to be avail
able for the interest falling due or the first of Au-
gust.
The reputation of Pennsylvania is the reputa-
ton of the Union. This should be borne in mind;
lit is an incentive to action. To neglect the one
is to sully the fame of the other; base work to
which no Pennsylvania will lend himself
Abroad Pennsylvania has long been recognized
as the monied meridian Of the Union. Hence the
interest felt, and the dependence of sister States
upon our policy and punctuality-a stain upon our
own credit, resulting at once to the prejudice of
all. Though it be labor to restore and preserve
untarnshed this faith yet it is work of PARROT
ism and of duty, from the performance of which
no man should shrink therefore, it is confident
ly expected that the officers of the respective
ties will cheerfully cooperate with this depart
ment in hearty effort to sustain the credit of the
State.
The amount Of money Withdrawn from the
Treasury to pay the outstanding Indebtedness
along the line of the public works, the accumula-
ton Of years, and some other appropriations for
useful and laudable objects, diverts considera-
bic share of revenue hitherto applied to the pay
ment of interest. To replace the amount of funds
thus Withdrawn, and to provide for other anticpa-
tons Of the public revenue will require the ener.
getic assistance of the officers, charged with the
supervision of the finances of the several counties
A high sense of public duty, am confident will
stimulate them to make exertions commensurate
with the wants of the State, and which certainly
will be creditable to them as officers
That the present moment is a crisis it would be
wrong to conceal. If we can, this season, over.
come the difficulties which environ US, then nc
human agency can endanger the credit or cripple
VIC iCSoutSOS VI DSioIo tn0 y0dl
expires the Treasury will be in the receipt of rev.
enues, provided by recent legislation, which are
estimated to be more than equal to the late ap
propriations and will leave, after the present year
nearly the entire revenue of the State, less the ex
penses of Government, to be applied to the pay.
ment of interest on the funded debt, and the sur
plus toward the completion of an important public
work.
From the facts mentioned, and other causes O
moment operating, the public credit will hereafter
repose on more reliable revenue.
The General Assembly at its late session act
ing under the patriotic and salutary recommends
ton of the Governor, established Sinking Fund
with revenue sufficiently large to make it prac
tically and efficiently useful. Under its auspices
the State debt will be reduced the public credi
permanently restored I; and the people at no dis
tant day relieved from the taxes now levied upor
their property.
In the future we have every thing to hope. A
brighter day is dawing upon us. The eventfu
year is the present one. 1t is the change from ar
old to new system-from state of inertness Il
one of progress and TO meet the exigencies o
the time the State expects every citizen to dis
charge promptly the duty imposed on him BY
State pride and patriotic feelings
Respectfully, your obedient servant,
G. J. BALL, State Treasurer.