The Bedford gazette. [volume] (Bedford, Pa.) 1805-current, 1856-02-01
MESSAGE OF GOV. POLLOCK.

TOfhe Honorable the Senofors md .dem5ers Of
He House Of Representatives. Of tie Genera!
.4ssembty:
Gentlemen:
A kind Providence has greatly blessed our
Commonwealth during the past year No for
eign war, no Internal strife have interrupted or
DESTROYED the peaceful quiet Of our homes All
the great interests Of tii- people. bave been EN-
,npntly prosperous The earth, in rich album
dance, has Welded her increase to supply our
wants, and reward with her bountles the labor
ofthe husbandman. Labor, in every depart
nent Of manufacturing and mechanical indus
trr. has been stimulated and encouraged The
ravages of disease aud the horrors oi the pesti-
fence have been ayert+d from Us: and whilst
the cry of human suffering, from other States,
has been heard invoking sympathy and aid, We
have been blessed with health and permitted to
enjoy the comforts aud happiness Of social life.
To Him who hath bestowed these blessings up
on Us, and upeH whose care we are constantly
dependent. should be- ever paid the willing hom-
age of our grateful hearts.
The report Of the State Treasurer will exhb-
il 10 you, in detail, the operations of his depart
mrn. The results arr more satisfactory and
encouraging than We're anticipated.
The receipts at the Treasury for the fiscal
year ending November 30, 1865, including the
balance in the Treasury on the lst day of De-
cprber, 1884, Isl, I,2+0,92S 72) amounted to
$6,63l 400 SO. The total payments for the
same period were, s. ,3S5, ,7O5 ~: leaving
balance in the Treasury on the 30th November,
1889, of 81 ,2+5,697 81 No loans, Temporal
ry or otherwise, were negotiated during the
past fiscal year, as they were not required by
the wants of the Treasury.
The receipts during the past year, from all
sources, excluding the balance in the Treasury
on the first day of December. lS54,l were
50 ,390,474 /. The ordinary expenditures
for The same period, including the interest on
the public debt, were s., l39, ,5I2 2S, showing
an excess of receipts over ordinary expenditures
Of 81, ,250,96l So
The extraordinary payments for the year
were 81 ,246,193 2l, as follows, viz To the
completion OF the new Portage railInad over
thr Allegheny mountains, S446,762 - to the
North Branch canal, $S7,5 o.; to the Co
lambla railroad, to relay south track, Sl33,- Z
100 90; to the payment of domestic creditors,
SI,629 80; to the redemption Of loans, $780, /.
800 60, and to relief notes cancelled, $500,
5SS co.
The balance 10 the Treasury viii be required
for The payment ofthe interest on the State drbt
falling dur in February next, and for unrad
appropriations. The interest on the funded debt
Of the Commonwealth, which became due in
February and August last, vas promptly paid;
ard ii is gratifying to state that the interest dnr
in February next will be paid with Equal
promptness. The credit ot the State NAV bp
regarded as firmly established, aud with proper
economy and careful aud honest management
OF her finances, an annual reduction of her debt,
to considerable extent, may be confidently eX-
peced.
There is due bv the Treasury to the Sinking
Fund the sum of &33A OH 80, to be- applied to
thr redemption of the relief notes noW III circu-
ation, and 10 the funded debt Of the Common
wealth. The greater Part OF toe funded debt
bears interest at the raie of five per cent. per
annum; the balance bears a still less rate Of
interest Bot as the temporary loans. which
by law are TO be first paid ont Of the available
mrans Of the Treasury, bear interest at The rate
OF SIX per cent, Il has been deemed advisable.
as a matter Of economy, TO apply the surplus
Revenues to the payment OF those loans. When
these arr lIqudaled, the amount due and prop
trly applicable to the Sinking Fund viii BE-
pad, and lis operation continued as directed by
law.
Notwithstanding the revenues for the last
iour or hv" yeaIs have largely exceeded the
ordinary expenditures of the government, YET
N consequence of the large and Unsuitable de-
'nands upon The Treasury for the completion of
'he North Branch canal, the Portage railroad
and other kindred Improvements, The public
'ro', instead OF being reduced has been incrras-
.o. lh's increase, with the amount and con-
oI''on of the debt at different periods, will be
seen 10 The following statements:
Statement of the funded and unfunded debt OF
ihe commonwealth on the lst day of Drcrm-
Der, 1891, as per report of the Auditor Cen
Pral.
Funded debt, viz:
nprc N d