Bedford inquirer. [volume] (Bedford, Pa.) 1857-1884, 1859-01-14
GOVERNORS MESSAGE.

UUf UAatUU ID MEDDHuUs
10 the Honorable the Senators and Members Of
hejHouse Of Representatives Of the Common
tceatM of PeaaSyt0an,a
Although the year just closed
has been one of great depression IN the business
and monetary affairs of the country, am hap
py to be able to announce to the Representa-
tiyes Of the People. that the finances Of Penn
sylvania are in most satisfactory condition.
The receipts of the Treasury, from all sour
ees, for the fiscal year, ending on the 30th day
of November, 1858, were 4,139,778 So; and
the expenditures, for all purposes, during the
same time, were S3,775,8 ,857 06. leaving an
excess of receipts over expenditures of $685.
921~29.
This exhibit shows that there was actually in
the Treasury on the first day of December, 1858,
the sum of $393,921 80, more than there was
Oh the first day of December, 1857 In addi-
tion to this, among the expenditures for the
year, were
Loans redeemed, $3.50, o,306 85
Relief Notes, redeemed, 41,07I 90
Interest Certificates, g 116 20
Making of the public debt funded
aud untunded paid during tho
year the sum of 421, ,494 IS
Ii we add 10 this the excess of
money on hand at The eud of the
fiscal year, over what remained
in the Treasury, at the same
tima last year, viz 1868, ,92l 30
We have the sum Of S7S5,415 81
But this is not all. The amount paid on the
public improvements, Including damages and
old claims, during the fiscal year,
was $341, ,036 So
While the amount Of revenue, from
the same source, for the same Pc
riod, was cnly 5000 06
Making an excess of expenditures
over receipts, which happily we
will be relieved from in the fu-
tare, of S245. .966 50
This sum should, also, be credited to the op-
erations Of the Treasury, during the year, for
It was an extraordinary expenditure, which eau
not again occur; and was, in fact, reduction
of the liabilities of the Commonwealth, to that
amount.
If we add this sum to the amount of debt
paid, and the excess of cash ON nand, we have
for the year, balance in favor of the receipts,
over the ordinary expenditures amounting in
the aggregate to 81 l,031, ,382 SO.
But from this, however, should be deduc ed
the extraordinary receipts, which were,
lst. The amount paid by the Penn
sylvaEia Railroad Company, on the
principal of the debt due by the said
Company, tor the purchase of the
Main Line 100000
%. The amount received from the
Girard Bank, for loans of the Common
wealth sold hv fbor hapk OO0
In all $685. 700
Which, deducted from the foregoing aggre-
gats of S1,03I 1882 sc, leaves the true balance
of the ordinary receipts over the ordinary ex-
penditures for the fiscal year at $903,3 SO.
The funded aud unfanded debt Of the Com
monwealth, on the 1sr day of December, 1857
was as follows
FUNDED DEBT.
per cent, loan 5 445, $50 0O
D per cent, loan 3S,T73,212 81
Al per cent, loan 388, 200 0C
per cent, loan 100000 0C
10 this should be added per cent,
Coupon Bonds sold by Girard
Bank, not before reported, $4,000 0C
Total funded debt $50, 9,734, 592 81
UNFUNDED DEBT.
Relief notes outstanding $l46,421 OF
Interest certificates do 23,473 s:
70 do. do. unclaimed 4,448 IS
Domestic creditors 8O2 81
Total unfunded debt S175, 145 7(
Making the entire debt of the Commonwealth Il
at the period named $39,909,738 %.
The funded and unfunded debt of the State