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

r. Tie Hoaoragis he sSsaaior and Members
If tie House Of Representatives. Of the
General .4sssalbiy
GENTLEMEN :-A kind Providence has
ggeasy blessed our Commonwealth during
The past year. No foreign war, 10 internal
strife have interrupted or DESTROYED the
peaceful quiet of our ho,nss. Ali the
great interests of the people have been EN-
inently prosperous. TIE earth, in rich
abundance, has yielded her Increase 10 sup
}ly our waits, and reward with her boun-
lies the labor of tue hasbandu,an. Labor,
in every department Of manufacturing and
mecIancal industry, has been stimulated
aad encouraged. The rayages Of disease.
anl the horrors OF the pestienee have
h. n aYerted from us; and whilst the cry Of
buma suhering from other States, has been
heard IN vo&ing our sympathy and aid, we
I,vs i,eeu blessed with health aud per-
,ra;ed 10 en,, tie comforts and happiness
af social lite. TO Jim WHO hath bestowed
these blessings upt n e, and upon whose
care we are. constantly 3epenient, should
bc ever paid tae Wiling lounge Of onr
grateful hearts.
Tie report OF the State : A.''rea Slrer will
tHhi6it to you, in detail, the .opef0iions OF
his department The results are move sat
isfactory ard encouraging than were 'uil-
cipatcd.
The receipts Il tie Treasury for the IS
el year ending November 50, 1855, inelu-
ling the balance in ihe Treasury on the Ist
Iay of December, 1851, Isl, ,240, ,92S ~
amounted to S6,65l ,io2 So. The total
paynents for the same period were $3.50
RS 81: leqeanqa balance in tie Treasury
an the 3Oil NopptrLcr. 1888, Of Sl,245,-
6g7 81. No loans, temporary or other
wise, we're negotiated dG,Nag the past fiscal
year, as they were not REQUIRED by The
wants Of tie Treasury.
The receipts during the past !ears from
I'll sources, excluding the balance in the
Treasury on the first day of Decembe5.
1914 were S5,39U,474 H. The ordinary
expenditures for the same period. including
,he interest on the public debt. were sl,-
159,3l2 IS, showing an excess of re-
ceip:s over ordinary expenditures Of ST.
aa50.06l So.
Tie extraordinary payments for she year
we're 81 ,246, f9S "a, az follows, WIFE
the completion Of the new Portage rairnad
over the Allegheny mountains. S446,T6
II; 10 tho North Branch Canai, SS7 $50
CT; 10 the Columbia railroad, 10 relay
south track. sE33, 100 90: 10 the payment
Of domestic creditors. 81 ,629 IS; to the
redemption Of loans, S3l6.550 60, and to
relief notes cancelled, S260, ass CO.
The balance ii the Treasury viii be re-
CURED for the ayn,ef,t of the interest on
tine stafe debt falling due IN February Eext
ard for unpaid appropriations. The inter-
&.>t on the fun.ied debt Of the Cornnlon-
wealth. which became due in February and
August last, was promptly paid aud It is
gratifying TO state that the interest due In
February next viii be paid with equal
rromptness. The credit of the State max
he regarded as firmly established, and with
proper economy and 4 careful and houest
inana cement of her finances, an annual re-
duction ri her debt, 70 a considerable cx-
tent, may be confidently expected.
There is lne by the Treasury to the
Sinking Fund tlc sum of S335,01l 80, ta
be applied te the redemption Of the relief
notes now in circulation, aad to the fund ed
debt Of the Commonwealth. The greater
part Of the funded debt bears interest at
the rate Of fye per cent. per annum: the
balance bears n still less rate Of interest
But a. the temporary loans, which by law
are to be FIRST paid out Of the available
means Of the Treasury, bear interest at the
rate Of six per cent. it has been deemed
advisable, \ matter of economy, to apply
the surplus revenues to the payment of
those loans. When these are liquidated,
the amount dne and properly applicable to
the Sinking Fund will be paid, and its op-
Grafton continued as directed by law.
Notw tistandng the revenues for the last
four or iiye years have largely exceeded tue
ordinary expenditures Of the government,
VET in consequence of the large and insat-
able demands upon the Treasury for the
completion Of the North Branch canal, the
Portage railroad and ether kindred i'm
proyenents, the public debt, instead of be-
rug reduced, has been increased. THIS in
crease, with the amount and condition of
the debt at different periods, win ne seen
in the following statements:
-Stqtemeat ef ne funded dat unfuaded
hot ef TIE Commonwealth on the Isl
day ef December, 1851, as PR re-
port Of the .7adifor GeRnet.
Funded dcbi, siz: