The Bedford gazette. [volume] (Bedford, Pa.) 1805-current, 1857-01-16

To tie Honorable the Senator's and .2iemJers
Of tie House Of Representatives. oj lie
General .8ssem5iy:
FcLLow-Clr1z In obedience 10 the Con-
s,itu,ioD and laws Of this Commonwealth, yon
have assembled to discharge the important ana
rpsnonsitIe duties that devolye upon you. To
protect the rights and privileges Of The peoPir,
advance thrir interests, and promote the wei
fare aud prosperity of the State, should be the
aim aud end Of all your lrglsailon. in the
discharge Of my dutirs, il will be pleasure to
cooperate with you IN the accomplishment OF
these objects.
The past year has heen one Of unusual pros
perty. The bouutieS OF a Kind Providence
have not been withheld tIom our Common
wealth. A plenteous harvest has rewarded the
labor of the hushandman. Honorable indus
try, in all lis departments, has been encouraged.
No financial emharrassmentS-n connle' clai
distress-no political or social evils, have inter-
ruptrd the progress, checked the energies oi
tht people. The great interests Oh education,
morality and religion, have been cherished ana
sustained Health and peace, with their attrn-
daut blessings, have been ours o HIn ""ho
rules the nations by His power and from whom
comrth down every coed and perfect gut are
we indebted for these mrrcies, and to Him
should b4 given the homage OF oar drvout graf
itude and praise.
The financial condition Of the CommonweaIth
is highly satisfactory. Every demand upon the
Treasury has bern promptly net and pad, with
out the aid of loans. The operations OF THIS de-
parlment will be exhibited in detail in the re-
port Of the State Treasurer.
For the fiscal year ending November 80
1896, the receipts of the Treasury tinclndng
the balance il the Treasury on The first day oi
December, 1883, of $l,243,G97 33l have been
56,62I ,G31 g.. Tie total expenditures ioi
the same period, We're S5,39,l42 - Bal
anCe in the Treasury, Dec. /, 1856, Sl,244,
795 -.
Excluding The balance 10 the Treasury on the
Isl of December. 1872, The receipts, from al
sources. were $5,378, ,240 33. The oFdioar,
expenditures for the same period, we're 81, ll3,
IA II. showing an excess of receipts over or
dinary expenditures Of $l,265, ,095 90.
The extraordinary payments for the sam
year. were 81 1863 997 45, as follows; 10 to
completion Of the Portage Railroad, and for tn
uayment of drbts previously contracted on tina
work. SIsI.494 II; to the North Branch Tx
tension. Sl22. .723 80; TO relay the south trac
of the Colombia railroad, S267, ,000 90; 70
motive rover in 1889, SllS,049 ~ TO en-
large the Deaw are division Of The Pennsylvs
MIA canal. l854-'55, 81 $500; for general re
pairs in l853-'54-'55, $63,965 IL; to dome'
tic creditors, SI5l 63; to old claims on Ii
main line, examined By the commissioners, an
paid under the act or May %, 1896, Sl3o
5l2 CO to the redemption 0! loans, S32l
824 At: and relief notes cancelled, $50
2l7 90.
The interest on the funded debt which fe
due in February and August last, was then par
and that which becomes due in February mex
will be paid with equal promPtness, out OF
vailable means now in the Treasury. : II
punctuality with which the Interest on the pu
lie DEBT has heea paid, and the ability OF u
Treasury to meet all legitimate demands uPf
it. have inspired public confidence IN our SEC
rites. and contributed largely 20 establish al
maintain the credit of the Commonwealth.
The Commissioners Of the Sinking Fund r
port the sum Of $722,432 93 as due by 4
Treasury 10 that fund This amount will
applied to The redemption of relief notes no
in circulation, and to the payment OF the fun
ed debt Heretofore the available means IN t
Treasury have been applied 10 some extent
payment of outstanding temporary loans. WIN
bear an annual interest Of SIX per centum;