Bradford reporter. [volume] (Towanda, Pa.) 1844-1884, 1858-01-28

the danger of deprecated or worthless ~
and die enbarrassments arising from "a
tlenee upon fcCrporations Of her own c,s.i
Il The people of Pennsylvania, BIZ the
adoption ofan amendment to the Copsti,z
on the subject of Public Indebtedness 4
imposed an imperative obligation uno, ! !
servants to practice economy, to limit g.
ditures, and to give their best efforts !, Z
gradual but eventual sextinguisAmept :"
existing public debt. After eight wear, j
perience under the sinking fund act Of d
we find our public Indebtedness but ~
diminished. The constitutional anend.1
just adopted demands the establishment y
effective sinking fund for its payment i
shall consider it onepf the leading dufs
my administration to see that that ameu5,I
is carried out both in its letter and spr,
cannot regard the reduction of The tbrs,
tax on property, made at the last regu, !
sion of the Legislature, otherwise than j
opportune !; and doubtless existing Sr,.
embarrassments will for time redp,
| amount derived from other sources Of 70,
Nor will any very large amount of ,ha
chase money of the main line of the =,
works be realized by the Treasury for
siderable period. 1t will, therefore, be u
sary for the Stale to husband her resOD,I
and to increase her revenues as far as !. y.
BILE, without oppression to any interest h
! der to meet her current and necessary On.
the demands of her creditors, and the M,
obligation of the constitutional amendns
There is a great lack of consistepcv ]
principle in the laws passed during some u
in relation to interpretations. They have ]
created upon no settled, uniform plan sp1
cessive in number and many Of them v,l
, essary to the accomplishment of any leg,,
! purpose. They have doubtless encourage j
ulation, and in various ways contrbuted n]
> recent financial convulsiou. Various ae
consistent provisions appear in acts estas
ing or extending the powers of corpora.
dies of the same class and general char.
The tax laws relating to them in sOme i
fusion, and consequently taxes paid bv 4
unequal, while some wholly escape any n
of the public burdens In brief, our sy...
interpretations has become so vast, diges
and difficult of comprehension, that no rs
able industry can master the whole SUE
aud understand precisely where we ar i
whittier we are drifting. A thoroughre7s
Of our laws on this subject, and the esis
ment of general, uriforn regulations for \
class of corporate bodies, with the ayOa
as far as possible, Of special provisiOnsfr
ticular corporations, are reforms irnppri
demanded by the pnblic interests in yla
shall heartily cooperate | have no hS.
to express against interpretations for r
objects beyond the power of individual u
and skill : nor generally against legisa
facilities for the application of labor and
tai TO the creation of wealth, where iudEa
unpromp.ed action will not go. Bat 10
can assert that we have limited oursITa
such policy, nor that onr laws on this a |
have been careful, consistent and lust
But, Notwithstanding all topics OF regrs
criticism in our public career, land Fa|
should bear their proper frnit in amend,
and reform,) we may well be proud O. i
Pennsylvania of ours--of her people, he |
Stitutions and her laws. She has b. /
great, prosperous and powerful rnl I
among the first Of the States and hsr |
dition at home and character abroad beg |
timouy to her merits, and promise for ia
distinguished future. Besides ber agra
raj resources which are great and first il
portance, she is capable OF producing n %
quantities those two articles of prime III
| f- r,nl
in times of widespread financial eals- /
when speculation and extravaganza have
their worst to cripple the operations Of
tai and stay the hand of labor in its Q
toll, the leading interests of our State ID. 1
counted among the first TO revive and ID |
nish strong and reliable basis for the Ta1
ton of activity in ell the channels Of eT.
ment, aud in all the operations Of trade
government would be nnwise and blind
would administer the public affairs o
State, otherwise than in spirit Of kin
and protection to these great and capia /
tereSts.
From the earliest period Of our histoT
has been the policy of Pennsylvania to
cate all her citizens and at this time ol
stitutions of learning and educational
ties are equal to those of any country.
Common School system is justly dist7.
ed as one of the most practical aud Cd
in the Union. Let US then cherish tbs
ditiOnal policy, coming down to us frac
fathers of the Commonwealth, and by
means in our power foster and strengtn
measures now successfully producing IN
snts so ardently desired 10y the patroiN
who have gone before us.
While our domestic affairs and pohty
rally will occupy most of the attention
Government and our people, it is not toH
gotten that Pennsylvania bears very nt.f'
relation to the other States of the couclS
and looks with all anyionS eye to the Pfo
ings and policy of the Generate overnnt.'
is both our duty and our interest to ca-
the most friendly relations with our
States, and to frown upon all attempts
among them feelings of alienation. We~
exert our whole influence to keep the g.
ment of the Union in its true position
common agent of the States and the r
exercising high powers in trust of Their 50
tage and welfare, and deriving all its
from the written constitution which ca@
into being. AT this time we have ~
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