Jeffersonian Republican. [volume] (Stroudsburg, Pa.) 1840-1853, 1851-08-07
niniStation. Debts Contracted
S4O.6T,2l4 Gs

Examine the above figures carefully and
then say whether the Locofoco party of Penn
sylvania, is not the DEBT CREATING PAR
TY. Except the 100000 loan of le49,
created for the purpose of avoiding the In
clined Plane on the Columbia Railroad, not
one DOLLAR OF THE PUBLIC DEBT,
,cas eper contracted by Wing Administrd-
ioa!
Gov. Ritner came into Office in December,
1885, and went out in December, 1888, and
as will be seen, not single cent was added
to the debt during his administration. Then
commenced the administration of DAVID r.
PORTER, under whom the public debt was in
creased at the rate of over TWO MILLIONS
A YEAR! Next came the "lamented"
SKUNK, who added his mite to the sum total
at the rate of ouer a million gear, until the
Debt was swelled up to the enormous amount
of FORTY MILLIONS OF DOLLARS!
In July, 1S49, Francis r. Skunk died.
Thereupon VIM. F. Johnston became Govern
or. and in the following October, the people
affirmed the selection at the ballot-boy. Be
fore this the affairs of the State were in a de-
plorable condition. The interest on the pub
lie debt had not been paid by the Locofocos
for considerable time, and Pennsylvania had
become by-word and reproach throughout
the civilized world. Well, what did Govern
or Johnston do!-Why one month after his
induction into office-in August, 1S48, he
paid the interest promptly, without resorting
to the Locofoco expedient of a loan-a thing
and ever since it has been paid promptly when
due, in gold and silver But this is not all.
The very first year of his administration he
paid off temporary loan of TWO HUN
DRED THOUSAND DOLLARS, and float
ing debt of FOUR HUNDRED AND SIX
TY THOUSAND DOLLARS, left by the
previous Locofoco administrations. Nor is
this all :-HE COMMENCED PAYING OFF THE
MAIN DEBT, which as appears by his last
annual message, was decreased since the 30th
November, 184S, over HALF A MILLION
OF DOLLARS. Besides this, ONE HUN
DRED AND FIFTY THOUSAND DOL
LABS has been paid for the completion of
the North Branch Canal, work commenced
under previous Locofoco administrations and
abandoned for want of funds. This work
will soon be completed, and then we will
have an important source of revenue for the
payment of the Locofoco State Debt.
The crowning feature of Governor John
ston's administration has been the creation
of a SINKING FUND for the redemption of
the main debt. The act creating this fund
was recommended by Gov. Johnston, and has
thus far been eminently successful During
the years 1649 and 1850, there was received
into the Treasury on account Of this fund the
handsome sum of $42i,s32 rs, as appears by
the last Report of the Auditor General pages
1867. This sum was expended in the pur-
chase of loans of the funded debt amounting
in the aggregate TO $459, 9,l22 90.
IL would be well for the people of Penn
sylvania to remember these truths. Gov.
Johnston has already paid off large amount
of the funded debt, and if continued in Office,
he will be able during the remainder of his
term to continue doing so at the rate of near
ly or quite ONE MILLION OF DOLLARS
PER ANNUNf, without any additional tax