Bradford reporter. [volume] (Towanda, Pa.) 1844-1884, 1857-01-15
GOVERNORS MESSAGE.

4
| OF Representatives. ofthe General assembly -
Fellow CITIZENS : In obedience to the Con
Stitution and laws of this Commonwealth, you
have assembled to discharge the important and
responsible duties that devolye upon YOU. To
protect the rights and privileges of the people
| advance their interests, and promote the welfare
and prosperity of the State, should be the aim
and end of all your legislation In the dis
charge Of my duties it will be a pleasure to
co operate with you in the accomplishment of
these objects
| The past year has been one of unusual pros
perty. The bounteS of kind Providence
have not been withheld from our Common
wealth. A plcnteous harvest has rewarded
the labor of the husbandman Honorable in
duStry in all its departments, has been encour-
aged. No financial embarrasSments- com
mercial distress-no political or social evils,
have interrupted the progress, or checked the
energies of the people The great interests of
education, morality and religion, have been
cherished and sustained Health and peace,
with their attendant blessings, have been ours
To Him who rules the Nations by His DOW
er, and from whom cOmeth down every good
and perfect gift" are we indebted for these
merces, and to Him should be given the hom-
age of our devout gratitude and praise
The financial condition of the Common
wealth is highly satisfactory Every demand
upon the Treasury has been promptly met and
paid, without the aid of loans The operations
of this department will be exhibited in detail
in the report of the State Treasurer
For the fiscal year ending November 80,
1856, the receipts of the Treasury (including
the balance in the Treasury on the lst day of
December, 1855, of 81 243, ,697 33) have been
So 62l ,937 Ga The total expenditures for
the same period, were $5,377,l42 % Bal
ance in the Treasury, December |, 1926, ST.
244795 A.
Excluding the balance in the Treasury on
the first of December, 1855, the receipts from
all sources We're $5,378, 240 So The ordi-
nary expenditures for the same period, were
81 ll3,l II, showing an excess of receiptS
over ordinary expenditures of 81. .265, ,O95 56.
The extraordinary payments for the same
year, were Sl,263,991 45, as follows, viz To
the completion of the Portage Railroad, and
for the payment Of debts previously contracted
on that work, $lSl 494 II to the North
Branch Extension, 1922. 1913 81; to relay the
south track of the Columbia Railroad. S26T.-
600 90 for motive power in 1855, SllS,049.
~ to enlarge the Delaware division of the
Pennsylvania Canal, Sl3 $50 for general re-
pairs in 1852 -54-55, $63, 965 IL to domes-
tic creditors, $l5l 63 to old claims on the
main line, examined by the commissioners. and
paid under the act of May %, 1856 Sl30, ,5I2-
09 ; to the redemption of loans, 1927, ,82l A.;
and relief notes cancelled, $3S, ,2l7 90.
The interest on the funded debt which fell
due in February and August last was then
paid, and that which becomes due in February
next, will be paid with equal prOmptnesS. out
of available means now in the Treasury The
punctuaIity with which the interest on the pub
lie debt has been paid and the ability of the
Treasury to meet all legitimate demands upon
it, have inspired public confidence in our secu-
rites, and contributed largely to establish and
sustain the credit of the commonwealth
The Commissioners of the Sinking Fund re-
port the sum of 1922, 432 90 as due by the
Treasury to that fund This amount will be
applied to the redemption of relief notes now
in circulation, and to the payment of the fund
ed debt. Heretofore the available means in
the Treasury have been applied to some extent
in payment of outstanding temporary loans,
which bear an annual interest of six per cent:
it being deemed advisable as matter of econ
olny to pay these loans, rather than the fund
ed debt, which bears a much less rate of inter
est. 1t is expected that the balance of the
temporary loan will be paid before the close of
the current year, and the operation Of the sink
ing fund resumed and continued as directed bv
law
The funded and unfunded debt of the State,
temporary loans on the lst day of
December, 1855, as per reports of the Auditor
General and State Treasurer, was as follows,
viz -