Democrat and sentinel. [volume] (Ebensburg, Pa.) 1853-1866, 1859-01-12
GOVERNOR PACKERS MEssAGE

The Governor commences without any
preface whatever, to give exhibit of the
financial condition of the State, which he is
happy to say Is highly satisfactory. The re-
celpts at the treasury. from all sources for
fiscal year, ending on the Both of November,
1888, were 81, ,139.I78 80; and the expen-
dituFes, for all purposes, during the same
time. were $3775,6 ,657 06. Leaving an ex-
cess of receipts over expenditures Of S363-
921 %. Some of these expenditures, too,
were ot extraordinary nature, including
payment of funded and unfunded debt S421-
449, payment on public improvements $341-
O36. Altogether the balance in favor of
receipts over ordinary expenditures amounts
in the aggregate to 81 ,031 ,3S2 The extra
ordinary receipts were 500, 900, paid by
Pennsylvania Central on purchase of Main
| Line, and S28, 600 from Girard Bank, for
Commonwealth loans sold by it, leaving the
true balance of the ordinary receipts over the
ordinary expences for the fiscal year at
1908, 382 80
The total funded debt at TIE close Of '57
was $50 134 592, unfunded debt Sl75.145
The entire debt being S39, 900, ,735. On the
! first OF December last the total debt was
/ $50, ,488, 243 81. Since the close Of the
| fiscal year, the Commissioners of the Sinking
/ Fund have redeemed of the five per cent.
loan the sum of 1920, 1872 81, leaving tine
real debt of the Common wealth. at this time
funded and unfunded, S39 ,263, III 16,
10 meet this, besides the ordinary resour.
ces Of public revenue, the State owns bonds
received from the sale of the public works
and which the Governor has every reason tt
believe are we'll secured, amounting to clever
millions one hundred and eighty-one dollars
Deducting this from the outstanding debt, i
leaves to be otherwise provided for, the sun
of twenty eight millions eighty-seven thou
sand one hundred and eleven dollars and six
teen cents. 1t is believed that, with th
existing sources of revenue, and the observ
ance of strict economy, this sum may
reduced, during the current year, at least on
million Of dollars.
Sale Of the State Canals.
The Governor then proceeds to earnestl
| recommend economy, Outstanding our resoul
ces, guarding well the public treasury, i
+ order to extinguish at the earliest practic;
moment the public debt. He then state
that, in accordance with an act passed,
transferred the Pnblic Works to the Sunbur
: and Erie Road, on the 10Th of Februar,
1858. The Sunbury and Erie Company
r according to the conditions of the. act, pa
s its bonds, secured by mortgage, and execute
n and delivered mortgages on the various Cana
r for So 00O, 600. when it entered into posse
r. sion of the property. Sales have been MAJ
by the Company, and reported under oath
d its President, as follows. Upper and Low
u North Branch Canal to the North Branc
" Canal Company, for 81 600, 900; the We
d Branch and Susquehanna Divisions, to Il
n West Branch and Susquehanna Canal Coz
. pany for $500, 900; the Delaware Divisio
m to the Delaware Division Canal Company
,e Pennsylvania, for $1,775, 900. In all t
s. sum of So, ,S75. 000
d Prospects Of the .Sunbury and Erie r. e
ne From information of reliable charac
recently communicated to the Governor
n the President of the S. & E. r. r. Co.,
y appears that the prospects of an early co
n pletor of that great public highway are We
lg encouraging. A large amount of work
d, been done on the line of the road during
as present season, and at this time very cons
ry cradle portions of the road are graded a
NJ rapidly approaching completion. 1t is
he opinion of the President of the Comps
he that, within two years, the work will be
M tirely finished, so that cars will be rum
by directly from the city of Philadelphia to
las harbor of Erie. When finished, the paym
Is; of the three millions and half of mortg
al bonds, which the State has received in
DIV change for the canals will unauestionably
he we'll secured-whilst the railroad itself
it prove Of incalcIlable advantage to our g.
aid commercial emporium. as we'll as to the
ow portant but long neglected region thro
rell which it passes. Its construction will
v.- doubt,dly add to the value Of the real -