Bradford reporter. [volume] (Towanda, Pa.) 1844-1884, 1856-01-12
GOVERNORS MESSAGE.
Read January 2, 1856.

n, II, HnoraM the Senators and Members OF
Me HOum Of Representatives. Of the General
.lssmby:
GENTLEMEN A kind Providence has great
~ blessed our Commonwealth during the past
YEAR No foreign war, no internal strife have
Interrupted or destroyed the peaceful quiet OF
onr homes All the great interests of the peo
Me have been eminently prosperous. The earth,
n rich abundance, has yielded her increase to
,unplv our wants, and reward with her boun-
,;r, tic labor of the huSbandman Labor, in
every department of manufacturing and me-
,banical industry, has been stimulated and en-
outraged The ravages of disease and the
horrors of the peStilence have been aycrted
from us and whilst the cry of human suffer-
iYg from other States, has been heard inyok-
i,r our sympathy and aid, We have been bless
I'd with health and permitted to enjoy the COM
forts and happiness of social life To Him who
hath bestowed these blessings upon us, and up
On whose care We are constantly dependent,
should be ever paid the willing homage of our
.ratcful hearts.
The report of the State Treasurer will exhi-
bit to YOU, in detail, the operations of his de-
rlrtmcnt The results are more satisfactory
anil encouraging than were anticipated
The receipts at the Treasury for the fiscal
wear ending November 30, 1885, including the
Ialancc in the Treasury on the lSt day of De-
cmber, 1854 Isl, ,240,92S 72) amounted to
$6.63l402 SO. The total payments for the
,sme period we're $5,3S5, 705 81; leaving a
laIancc in the Treasury on the Both Novem-
Ter. 1888, of 81 ,245, ,69T 81. No loans, tem-
r~rary or otherwise, were negotiated during the
nast fiscal year, as they were not required by
The wants of the Treasury.
The receipts during the past year, from all
sources. Including the balance in the Treasury
N the first day Of December, 1854, were
<.3gO4T4 H. The ordinary expenditures
ior the same period, including the interest on
'Ic public debt, were 81, 1882 %, showing
an excess Of receipts over ordinary expendi-
lures Of 81, 25O,9Gl So
The extraordinary payments for the year
we're s., 24G, 1913 "A, as follows, viz To the
completion of the new Portage railroad over
the Allegheny mountains, $446,752 II; to the
North Branch canal, $S7,5 81 to the Co
lmba railroad, to relay south track, $l33,-
100 co. to the payment of domestic creditors,
1929 81; to the redemption of loans, $780,
30 90, and to relief notes cancelled, $500
jSS 90.
The balance in the Treasury will be rcquir-
ed for the payment Of the interest on the State
icbt falling due in February next, ami for un-
raid appropriations The interest on the fund
Il debt Of the Commonwealth, which became
hun in, Enbr,,rr aud A.. l..
y paid and it i, gratifying to state that the
interest due in February next will be paid with
equal prOmptncsS. The credit of the State
may be regarded as firmly established, and with
proper economy and a careful and honest man
ascmcnt Of her finances, an annual reduction
# her debt, to considerable extent, may be
confidently expected.
There is due by the Treasury to the Sinking
Fund the sum of $335 oil 80 to be applied to
tn" redemption of the relief notes now in cir
nI2tion. and to the funded debt of the Com
nonwcath The greater part of the funded
4cJt bears interest at the rate of five per cent
per annum the balance bears still less rate
otmtercSt. But as the temporary loans which
:! law are to be first paid out of the available
means Of the Treasury, bear interest at the rate
Of NX per cent, it has been deemed advisable,
as matter of economy, to apply the surplus
'e7enaes to the payment of those loans. When
these are Hquidated, the amount due and pro-
lefy applicable to the Sinking Fund will be
sd, and its operation continued as directed
II oyaw.
Notwithstanding the revenues for the last
olF or five years have largely exceeded the
urinary expenditures Of the government, yet
consequence of the large and Unsuitable de-
aands upon the Treasury for the completion
The North Branch canal, the Portage rail
'aG I and other kindred improvements, the pub
&c aeot, Instead of being reduced, has been i'll
"eased. This increase with the amount and
Oaa'on OF the debt at different periods, will
FSen IN the following statements -
'Na'"t" Of the funded and unf~nded debt Of
IN C"mmonpeoih on the first day of Decem-
W. 1881, as per report Of the AWditor Gen
ral
8 landed Debt viz.