Lewisburg chronicle. [volume] (Lewisburg, Pa.) 1850-1859, 1856-01-18
STATE TREASURER'S REPORT.

STATE TREAsURER'S REPORT.
To the Senate and House Of Representatives. d
the Commonwealth Of Penn,yicania.
GENTLEMEN: BY the act of The General
Assembly of the 10th of March, 1882, it is
made the duty of the State Treasurer "tO
prepare and lay before the General As
seubly, at the commencement of every
session, report on the subject of Finance,
containing estimates of the public revenue,
and public expenditures, and plans for the
support of public credit, and for improving
or increasing the revenues from time to
time, for the purpose of giving information
to the General Assembly in adopting modes
Of raising money requisite to meet the
public expenditure" In compliance with
the provisions Of that act, have prepared
and submit to your consideration the fol-
lowing Report, for the year ending Both
of November, 1855.
The receipts at the Treasury during the
last fiscal year amounted to S. 1896, ,474 H.;
to this is to be added the sum of 81, ,240,-
92S y, the balance reported to be in the
Treasury at the commencement Of the fiscal
year making the gross amount, available
to the State for this period, Sc, ,63l ,402 80.
The expenditures for all purposes during
the same period, including the payment Of
interest on the public debt, the redemption
of q portion of the temporary and other
loans, to complete the North Branch canal.
and to avoid the inclined planes on the
Allegheny Portage railroad, and to relay
the south track on the Columbia railroad,
we're S., 5,3S5,705 50, leaving balance in
the Treasury. on the 3Oth day of Novem-
Der last, of $1,245,697 81. By state
ment of the account. the fAllnuing result
is exhibited:
Receipts during the fiscal year $s.3so.47t II
Balance reported in Treasury, Nov 80, 81 L2ioss IL
Amoun, of Revenue e,ssl, ,so2 50
Amt ordinary expenditures 2s
Ertraorclinary expenditures, viz
North Branch Canal s7,562 81
Allegheny Portage Railroad 1876. II
South track Columbia Railroad ls3'ioo 90
Beasnption of loans sl6,55O 90
Relief notes 2oU, o. ,-to,isS -
Total amount Of Expenditures 5,ss5,.o5 81
Balance in Treasury, Dec. !, ls3S l,2iS,ts1 81
e,6al,lo2 50
1t will be observed from these statements
that the ordinary revenues of the Common
wealth have exceeded the ordinary expen-
ditures of the year fraction over million
and quarter Of dollars. BY the subjoined
statement, collated from former reports Of
this department, it will appear that there
has been steady increase Of the ordinary
revenues of the Commonwealth, averaging
nearly a quarter of a million Of dollars
annually since lS49, while the ordinary
expenditures in the Same period increased
but fraction over ninety thousand dollars
per annum, having reached their culmiua-
ting point in 1854, being sl7O,72s 81 less
in the fiscal year of 1855 than they were
in the previous year:
Total receipt. for 1s4e s+,433.ess e5
Lees loans ami premiums on loans o92, IA u
Ordinary revenue 4oiop7s os
Ordinary expenditures 3,5g, ,227 63
Total receipts for 1850 ASS Isl 81
Ordinary revenue I,lss,ls1 81
Ordinary expenditures 3,.s6,266 %
Total receipts for 1s5l 457osa3 %
Less loans and sales pubiicprop'y 222,s,3 20
Ordinary revenue 4,347 $50 %
Ordinary expenditures 3,sSs,.s5 GO
Total receipts for 1853 7'l6,s52 II
Less loans &c. 1881 ,J52 80
Ordinary revenue 441s,e9o 81
Ordinary expenditures i,O2e,+.6 IA
Total receipts for 1858 9,is6,770 os
Less loans sc 3,s2. 537 50
ordinary revenue I,s5s,23s rs |
Ordinary expenditures 4,2ls,l5s 90
Total receipts for 1854 5,ej3s.o SC
Less loans &c. .i1 ,o21 81
Ordinary revenue 5,2os042 IS |
Ordinary expenditures 4,3l0340 81 |
Total receipts Tor 1865 900, ,i14 IL
Ordinary revenue 5,3so474 IL
Ordinary Expenditures 4,i39ol2 IS /
These figures exhibit an annually aug
mentlDg revenue without corresponding !
Increase in the expenditures, and which
will doubtless continue to keep pace with
the rapidly increasing value of real and
personal property throus shout the Common
wealth. They also exhibit the gratifying
fact, that for the first time in many years,
no loan has been negotiated, and that the
ordinary sources Of revenue supplied all
he purposes Of the government, and l
lake pleasure in stating that no such loan
will be required, the balance in the Treas
iry at the close of the fiscBl year, beiug
large after adding to it the or
lnary receipts from that period to the first
IF February next, so meet the payment Of
he semi-annual interest on the State debt
hen due, as also to meet such ordinary
demand. as may in the meantime be made
IN the Treasury.
Notwithstanding large extraordinary ex-
,enditures were made on the upper North
Branch Canal, on the Allegheny Portage
and on the south track Of the
Railroad, and the heavy pay
neut of old debts, due prior to the COM
of the last fiscal year, yet by
table annexed, it will appear, that the
State Debt has been reduced within the
ear s630,60l OF; and that at the termi-
ation of the year, the balance in the
treasury is fraction larger than it was at
he close Of the previous year. This is
most eucourayiny and gratifying condition