New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1858-01-09
GOVERNOR POLLOCK's MESSAGE.

Tie Governor of Pennsylvania has the satisfaction
Of stating that notwithstanding the prevailing monetary
distress the finances OF TINT STATE are in satisfactory
condition The resources for the year 1884, including
the balance on hand Dec. 1856, have amounted To
lear TX millions of dollars The expenditures have
been less than five and half millions, leaving bal
ance on hand Dec |, 1851, of Sjs, 100 The ordinary
exrenycs Of the year. including interest on the pubic
debt have been 50 93j 1903 while the receipts, exclude
il . any balance ou hand, have been $i69O,1T. The
extraordinary payments amount to 81 1906 nclud-
ing $500 for redemption Of the public debt most OF
the remainder being for extensions and recontrucons
Of the public works, including number of old ela'ls.
The Commissioners of the Sinking Fund have re-
dccr,ed and the Governor has caused to be Cancelled
certificates Of stock and relief notes 10 the amount OF
ST. and they have in the treasury to their credit
sIli,920 applicable to the same purpose. They also
hold the sum of s. 800 900 in bonds of the PennSy-
yania Railroad Company, received in payment for the
main line If the public works sold to that Company,
which bonds are pledged 10y law TO the payment of the
funded debt and may be regarded a reduction OF II
20 that amount The whole debt of the state, funded
and unfunded amounted the lSt of December to
$50 SS1 7}s being a dminutOn during the year OF the
Aforementioned sum of SS20,G97 BY an arrangement
with the LaIks under the Suspension act specie funds
have been viii be- provided to meet the February
int, ret.
Bv an amendment of the State Constitution, ratified
at the October election it devoves on the present
Legislature create sinking fund to include the net
annual product of the public works owned by the state
the proceeds of works Sold the income and proceeds OF
nil stocks owned by the State, with such other re-
may he provided by law, sufficient to pay
the interest and annually to reduce the principal by at
l.o Il oC a of IA mill
While the public debt has thus been diminished, the
State tax has been reduced from three TO two and half
mills on the dollar.
The successful sale of the main line of the public
works has given u new impulse to the policy OF dis
posing in Ike manner Of the remainder. The history
of the construction and management of those
works fully proves the policy OF separating the State
from all such concerns. They have failed to be r
source Of revenue and if retained by the State will
quire an expenditure in their cost aud management
largely exceeding any revenue that can he reasonably
expected Of them. The Delaware division, though
better managed than any other public work, and
showing net income for the year Of sl11,W0, yet
falls short by $4,000 of the net income of last year,
while il has required s6O 600 of extraordinary expenses
for engagements and Improvements. The decrease
is afcriEed to the completion of competing railroads
and other causes which, il il Ia BE- feared, will continue
to operate.
The North Branch Extension, though useful and
valuable work, seems doomed TO disaster. Though
completed in the Fall of 1856 To be navigase for
coa boats two successive breaks in the HOrSe-race
Dam" occasoned by freshets but the fruits of former
mismanacement and fraud in the construction of the
canal have rendered IT, most of the time since, useless
and heavy expense is still necessary .or rcpairs.
The Governor recommends the repeal of the tax OF
three mills per tun per mile on freight passing overthe
Pennsylvania Railroad originally intended aT COM
pensaton for any loss TO the revenue of the Union
Line in consequence OF the construction of the rail-
road That line having been sold to the railroad, this
reason no longer exists and the Operation Of the tax
is 10 Dive freight 10 the competing lines of other
states.
While advising caution in amending the banking
system. the Governor expresses his preference for
system of free banking, based undOubed public
securities and coin in such proportion to the crcula
ton and deposits as may be deemed necessary-n fact,
something much ike our New-York system
Occasion is taken from the present depression of In
dustry urge warmly return to the tariff policy of
1872 the abandonment of which resisted by Penn
sylvana with a unanminiy almost unparalleled in her
history.
The establishment of al Agricultural Bureau il
urged, and the Farmers High School recently
established under act Of the Legislature, is strongly
recommended to public patronage.
The recent separation OF the school superintendency
from the State Department and its organization by
it,elf promises excellent results The county super
iutendency works well; but 10 reap good from IT, it
must be committed TO the hands Of competent men.
The normal schools lately provided for considered
great boon by the friends OF education and liberal
sums of money have been subscribed 10 carry the
scheme.
The militia laws, as many other States, out
of Joint and nt ed rev isOn.
The publication of Prof. Rogers Geological Report
is going on rapidly, and is nearly finished.
The Governor. about to retire, feels no decacy
in recommending the erection at the seat Of Govern
meut of a hou-. for the of the Governor of the
State.
He still adheres 10 and bees to be considered Us
reierating the sentiments expressed in former mos
,ages as to the preservation OF the purity OF elections
by the enactment of iudicous registry law to the
rights of the General Government 10 prevent theex-
tension of Slavery into the Territories of the Union
and A. to the wrong, Of Kansas, exhibited in the
violation of the doctrine Of popular sovereignty by
the General Government in r, attempts by the mill
tary power OF the country and otherwise To defeat the
viii OF the majority in ltal Tcrriro-y-wTong ,till
istipg and aggravated by ou'rages the rights
and privileges of that people, AMI approved by high
National Executive authority.
DroINn.-The leading houses OF Montreal have
u a. arI . h. -.