The Jeffersonian. [volume] (Stroudsburg, Pa.) 1853-1911, 1854-01-12

j
raj assembly:
GENrLEMES: A bene6cent Providence has
favored the people of our Commonwealth
with high degree of health and general
prosperity during the year just closed, and
with many other causes Of pleasure and graft
1nde. Humbly acknowledging these bless
ings, let us ask His divine direction i'll the
discharge of our official obligations
1t affords me unaffected delight to vel
come the representatives Of the people to the
seat of government, and rely for time, upon
the aid Of their combined wisdom in the ad-
minstration of public affairs: as it is also a
greatfal task to perform the constitutional in
junction that requires the executive to com
municate to the General Assembly informa-
ton of the state of the Commonwealth, !" and
make such suggestions and recommendations
as the welfare of the people and the exigen-
cies Of the times may seem to demand; and
to the discharge Of this obligation now pro
ceed.
The receipts at the treasury for the year
1858, exclusive of loans, and including the
actual balance in the treasury on the first
day of December, 1852, (being $67l ,03T.72,)
amounted to the sum of s., ,952, Ala Al
The payments for the same period, exclu-
Eive Of loans and other extraordinary expen-
ditures make total sum of $4, l34, 04S Al,
being 81, SIS, 1916 10 less than the receipts.
OF this excess, $505, ,057 SO was paid to the
Commissioners of the Sinking Fund, and
$5S9,0o0 towards the payment of old debts
and the construction of new work on the \.
Branch Canal and Portage railroad being
part Of the temporary loans authorised by the
act of the nineteenth of April lest: which,
together with the balance in the treasury
applicable to the redemption of outstanding
loans, redacs,, the actual balance on the first
dav of December last, to the sum of about six
hundred and twenty-five thousand dollars, to
be used in the payment OF the February IN
terest
The receipts for the year 1854, including
the balance in the treasury on the first OF
December, 1853, may, in my opinion be safely
estimated at $5,S46,4I1 "a
The expenditures for the same period, in
GLIDING $3.50, 000 for the payment of cid debts
on pablic works and $500, geo for tie sinking
tund, should not, aud fproPer care be taken
will not exceed the sum Of s., 500, ,000, leay-
ing a balance in the treasury on the first Of
December 1854, of 81, $40, All 81 Deduc-
ting from this S625, 600, the amount that
should reina;a in the treasury to meet the in
terest due February l, 1855, and we have
surplus revenue of over ST00,000.
1t is thus made apparent to my mind, that
the treasury VIII have the ability, during the
coming year, to redeem the entire amount
of the temporary loans now outstanding, and
paw the debts to which | have already refer
-. ,7-,c I, 7
upon it without provision being first made for
their payment
A. the time of NY Induction into Office.
the liabilities of the State were as follows,
10 wit:
SIX per cent. bonds $2,3l4,023 81
Five DO DO 36, 6,704,4 ,458 03l
-Four and and one half per
cent. bonds I98, 200 OCI
Relief notes, per act of May
4, I84 65O,lG3 OC
Certificates for unpaid inter
est on the public debt,
for the years 1913, "A,
10, with their accumula-
ted interest 204. $50 90
Domestic creditors certif-
Gates s., 1892 IA
Total liabilities, Dec. l, 81 S40,I54, 457 AS
Add loan of April, 1852,
for the completion Of the
North Branch canal $500 COL
l,004, ,457 As
From which take the follow
ing payments:
To sinking fund S68l ,469 So
Interest on out
standing certi-
fcates 50,752 81
- 1872, ,222 II