Raftsman's journal. [volume] (Clearfield, Pa.) 1854-1948, 1856-01-09

| in the city of Philadelpha. No offers were
! made and consequently the works remain un-
3sold- Sealed proposals for the sale or lease OF
the main line, :" We're subsequently, invited, as
| directed by the 17th section OF the said act,
and the proposals received are herewith sub
mittedto the legislature for their action and
/ final disposition. ~
Having on former occasion presented my
| views of the propriety and policy of sale of
| this branch of our prblic improvements, re-
petition of the sentiments then expressed be-
comes unnecessary. in relation 20 this sub
! Ject my opinion has not changed. The e>-
perience of the past end careful examination
of the question in IFS economical and political
relations, have strengthened and confirmed it.
That the State should, long since, have been
separated from the management and control
ofthese works, the history of their construc-
ton and management clearly demonstrates
Public policy and public sentiment demand
this separation; and every consideration OF
present and future interest requires their sale.
The late financial N bsrrzssments ofthe coun-
try--the imperfect character of some of the
provisions OF the bill anthorising the sale, TO
gether with the adverse influence of rival in
forests, defeated the recent attempt to SELL
These difficulties have been, or can be, reno
we'd; aud sale yet effected Oh terms amply
protective of the rights and interests of the
people, and at the same time just and liberal
to the purhasers. -5..sa..
To reduce the State debt and relieve the
people from taxation, are objects worthy the
earnest and anxious consideration OF the Ie-
gisiature. To accomplish these objects spec
dlly and certainly, a sale of the whole or part
OF our public Improvements becomes impor-
tant and necessary. The revenues of the
State under the present system OF N snagenient
OF the public works, are but little more than
sufficient to pay the interest of her debt, and
The ordinary expenses of the government. A
sale of these works, for fair consideration,
and upon terms just and liberal, would consti-
tute beginning In the process of llquidation
that would free our Comm onweaith from debt
aud her people from consequent taxation. In
every measure calculated to produce these de- |
sir20le results, l will cheerfully cooperate |
with the Legislature.
The currency of the State, in its relation to /
banking institutions, and their increase, is |
EubJect that demands caNeful and intelligent |
SonsideratIon. From the notice given of nu- |
lerous intended applications to the Legisla-
re for new banks, and an Increase of bank
E capital, this subject viii doubtless he PIE
Ted to, and strongly urged upon yonr at
qon. Shall the number of banks and the |
;pnt of banking capital be increased and
70 what extent, and in what localities
1estions OF absorbing public interest.
a | ,1uhout desiring to assume a general and
! an promising hostility to all banks, or to
/ sase of banking capital, cannot dis
z cinr HOOCsSity tuAt requires, or the cir |
!. : - ses that would Justify the incorpora-
. 81 ltthat may be demanded from Legis-
,,,,sa toid and dsJyfaytion Of new, or the re-
10 the adecessary and clearly ats.l!n Wlen lndis-
n in hibasiness wants of the. community
X refusediey may be located, should not be
a. their der no other circumstances sbonM
ne The alton be permitted. "
banks shy of increasing tie number o.
~ al wants d,determined more by the actu-
y; of applicasimate trade, than the number
" obbsrs andnd the wild fancics of stool
m necessary eiators. The sudden and nm :
he be avoided on Of the currency should )
nd such a resultwhateyer tends to produce :
he prevented ito be discountenanced and >
interests of tsreation of banks the true i
Isl consulted; ande and people should be f
and tion, as to un.and honest discrinina- q
'Te- Of trade, be execality and the demands
the Public sentimeiy their representatives,, q
The pubic private not demand, nor do r
ON ton Of numerouSs. require, the crea- g,
= in the present -. ,
ION 81 tts--.o--onoee aud I,