Lewistown gazette. [volume] (Lewistown, Pa.) 1843-1944, 1858-01-07

report the sum of four hundred and fourteen
thousand nine hundred and twenty dollars
and twenty-nine cents, (4l4, 920 29) as now
in the Treasury to the credit of that fund
This amount will be applied to the redemp-
ton of Relief Notes yet in circulation, ana
to the payment of the funded debt of the
Commonwealth.
The Commissioners of this fund, on the 7th
day of September last, reported TO me that
the sum of one million forty-two thousand
eight hundred and fifty-seven dollars and
sixty four cents, (l,042,S S57 64l of the debt
Of the Commonwealth, was held by them, as
follows-viz:
Loans of 10Th of April, 1853,
over due, temporary, S40uooo w
Loans of 9th of May. 1854. over ooo 90
due, temporary, lo4,VVo'oV
Certificates of stock, loans OF
April IL, lS48, 6 per cent 66,50l 90
Certificates of stock, loans of va
rious dates, per cent. 0,3l6 64
Relief Notes cancelled and de-
~ stroved. 373,040 90
% aside for cancellation, 10000 90
Total Sl,042, ,S57 81
As required by law, directed the ccrtifi
Gates and evidences of this indebtedness to
be cancelled; and ON the 10Th of September,
1857, issued my proclamation declaring the
payment, extinguishment and final discharge,
of one million forty-two thousand eight hun
dred and fifty-seven dollars and sixty-four
cents, (1,O42, ,857 64) of the public debt.
In addition to the amount reported to be
in the Treasury to the credit of the sinking
fund, and applicable to the payment Of the
public debt. the Commissioners Of tho Fund
now hold the sum of seven and one-half mil
lions of dollars, $500, ,000) bonds of the
Pennsylvania Railroad Company, pledged by
law to the payment Of the funded debt of the
Commonwealth.
By the 4th section of the l ith article of
the Constitution, as amended and ratified by
q majority of the qualified voters of the State,
at the general election. held on the second
Tuesday of October, 1857, it is made the
duty Of the Legislature at It's first session
after the adoption of this amendment, to Gre
ate IL Sinking Fund, which shall be sufficient
to pay the accruing interest on the present
public debt. and any additional debt thereaf-
ter c0nstitutionally contracted and annually
to reduce the principal thereof by sam not
less than two hundred and fifty thousand dol
lars, (250, 900, which Sinking Fund shall
consist of the net annual income of the pub
HC NOThS IEOiI LiAlS ~ OHhtA Uy the
State, or the proceeds Of the sale Of the same,
or any part thereof, and of the income or
proceeds Of sale of stocks owned by the State,
together with other funds or resources that
may be designated by law. The said Sink
ing Fund may be increased from time t. time
assigning to it any part Of the taxes or other
revenues of the State, not required for the
ordinary and current expenses of government,
and, unless in case of war invasion or insur
rection, no part Of said Sinking Fund shall
be used or applied otherwise than in extin,
guishment of the public debt, until the amount
of such debt is reduced below the sum of
five millions Of dollars" 50 900, ,000)
This being the first session of the Legislature
since the adoption of this amendment, the duty
therein enjoined deyOlves upon you and should
be promptly and faithfully discharged
The funded and unfundcd debt of the State,
including temporary loans, on the first day of
December, 1856, as per Reports of Auditor
General and State Treasurer, was as follows,
viz: