Bedford inquirer and chronicle. [volume] (Bedford, Pa.) 1854-1857, 1856-01-11

10 tHcse sboulu pc aaaed lle following
relief notes, not included in the relief notes
in circulation, Viz:
Relief notes made by the
Lancaster Bank, not
charged on State Treas
slrer's books, So. 200 90
Relief noies put in circu-
lation September, 1854,
and not redeemed BE-
ccnlber lS5fs $4,000 90
75,0ee 90
Total pub. debt, Deec,n-
Der 1854 s41, ,ees, ,595 IA
Do DO 1881, 40,1l4,236 SO
Increase Of d4bt in 3 yrs. sl,5s4,a59 s5
The funded and e,nftndcd dcbf,ilclDding
unpaid temporary laals. on the Ist day of
December, 1885, the cicscof the last fiscal
year, as per report of the Auditor General
and State Treasurer, was as fellows, 10 wit:
F7nded debt, w
4 per cent loan, S5e6,I54 80
], DO do. 3S DOS, Tia 81
/ do do 3SS, $50 90
/ 90 do, 100000 90
.Total fupis.a debi, SO. s.2o7 500 A
Jnfunded debs, viz
Relief notes In eire,ilatipu. S25S,7T 90
Inst certificates outstanding, %, ,lj7 %
Domestic creditors. ,264 90
Balance of temporary loan
April 10, 1895, 10000 90
Balance Of temporary loan
Of May ., 1851, $4,000 90
Total unfapded debt, l,l6o,lYl 25
---
fetal debt Dec. /, so, 4I,067, 1914 -
Total debt, as above sta
ted, Dec i, 1854, 4l,G0S,59J 1t
DO do Dec. /, 1855, III I,06T,994 -
Decrease during fiscal yr. S63Q,601 or
This statement exhibits the gratifying
fact that during tie fiscal year ending No
vember 30, l855, the indebtedness Of the
Commonwealth has been reduced $685.
col o.. During the same period large
appropriations and payments were made
for the completion Of the new PORTAGE
Railroad, relaving the track Of the Co
lunbia railroad and for other pun .oses.--
These demands upon tie treasury were,
without the aid OF loans, promptly paid.
Refusing TO undertake any new schemes
Of internal Improvement, limiting all APP.
preparations to the actual demands of tie
occasion, practising strict economy in all
departments Of the government and hold
ing the receiving aud discussing agents Of
the Commonwealth to rigid accountable
tv, will greatly reduce the expenditures,
and, under ordinary circumstances, leave
an ANNUAL surplus Of the revenues to be ap-
piled 10 the redemption Of the public debt.
The estimated receipts and expendi-
tures for the current fiscal year will be pre-
sented TO you in the report OF the Stato
Treasurer. The receipts from the usual
sources Of revenue, above the ordinary ex-
pepditares. may exceed the sum of one anil
lion and bali of dollars. These estimates
may approximate the true result, but can
not be relied upon with certainty.
BY the 3sth section of the act Of the
. 18th of April, 1915, entitled san Act to
proyide for the ordinary expenses of gov
ernmeut, the repair Of the canals and rail
roads of the State, aud other claims upon
the Commonwealth" the Governor was au-
thorized to cause certificates Of State stock
to be issued - all persons or bodies eorpo-
+ rate holding certificates fer the payment Of
! interest IN the funded debt of the State
which fell due on the lst day of August,
I 1912, the lst days of February and August
1 1913, and the lst days Of February and
August, 1914; in an amount equal TO the
/ amoaat Of certificates SO held, upon the de-
liyeriug up said certificates TO the Auditor
General. In pursuance sf the authority
thus given, certificates of State stock to the
amount OF four millions. one hundred and
five thousand, one hundred and fifty dollars
and twenty cents, bearing interest at the
rate of Eve per cent per annum, payable
semi-aauuall,, on the lst days of February
and August in each year, and redeenable
on or after the Isl day of August 1855,
we're issued. The minlmum period fixed by
law for the redemption of these certificates,
expired on the 5rst day of August last. No
i provision has been made for their renewal
Or redemption.
Although by the termso Of the act author