Raftsman's journal. [volume] (Clearfield, Pa.) 1854-1948, 1862-01-15
FIRST ANNUAL MESSAGE OF
ANDREW CT. CURTIN.
Governor of Pennsylvania

TeSentdtireS Of the Commonwealth of Penn
sytUanid
GENTLEMEN 1t has pleased Divine Provi-
dence, during the last season, to give us abun-
dant crops, nnbroken peace within our borders
uhahlmlty among our people, and thus to en-
able this Commonwealth to do her full duty
| to the country, to herself, and posterity. For
these blessings we have cause to be grateful.
Ihe balance in the Treasury on the Both
Nov, 1860, was $6Sl ,443 0S. The receipts
during the fiscal year ending Nov, 30th, 1861
were as follow From ordinary sources 3,0l7- :
645,5i, from temporary loan under Act of
fApril II, 1861, at per cent. interest, and ne
| gotiated at par 475,000, from per cent. loan
under Act May l5. 1861, also negotiated at
| par 2,612, l5O, from Society of Cincinnatus
| 500, from United States on account of military
expenses 606 900, from Pay Masters and others,
refunded 1929, ,45; making Sc, ,743, ,525 o.
| Total in Treasury for fiscal year ending Nov
| 30, 1861, including balance in Treasury Nov.
| 80, 1860, 81 ,424 ,95S, 10.
! And the payments as follows For ordinary
! purposes So, 144, ,4S0, "a, for military expenses
under Acts April II, and May Is and l6, 1861,
| 2,353 oI2 ,04, tor amount of loan under Act of
April IL, 1861, repaid 375 900, making 5 49,
352, 50; leaving balance in Treasury, Nov. 80,
| 1861, s ,551 ,505.72.
PUBLIC DEBr FUNDED AND UNFUNDED.-Re-
| ceived from temporary loan, under Act of
April II, 1861, AS, 900 repaid as above 375,-
900. Outstanding Nov. 80, 1861, $1,000
Received from loan under Act May Is, 1861,
S2,6l2,l50. Amount of public debt funded
and unfunded, Nov. 80. 1860, 81 1863 ,S47 so.
Paid during fiscal year 101, ,33I A. Remaining
unpaid, exclusive of military loans above
mentioned,) Nov. so, 1861, S37 1868, ,5l6,0S.
RECEIPTS AND EXPENDITURES OF MILITARY
LoANs.-Receipts from military loan under
Act April II, 1861, ATS 600, under Act May
10, 1861, 2,6l2, $50, from Pay Masters and
others refunded 2,229,45, making S3,ll9,-
= d.. 4
2,35o oI2,04, paid for redeemng loan, Act
April II, $4,000, making 81, ,728, ,S72 ,04 Un-
expended military loans $500, ,507 Al.
RECEIPTS AND EXPENDITURES OF ORDINARY
Balance in Treasury, from ordna-
ry sources, Nov. 1860, 6Sl, ,433 ,09, received
from ordinary sources during fiscal year 8, ,0l7,-
545 81, making SO, ,699 ,O78,6 ,65 Paid for ordi-
nary expenses, as above SO, IA ,4S03i. Unex-
pended Of ordinary revenue 554 ,59S 81, re-
celved from u. 5. Government on account of
military expenditure COG 900, received from
Society of Cincnnatus 500. Balance in Treas
ury, as above 81 ,551 ,605,72.
1t will be observed that the fiscal year ends
on the 3Oth of November, and the sinking
fund year on the first Monday in September,
which accounts for the apparent deficiency in
the amonnt of debt paid stated in the Treas
urer's report, and by the Commissioners of the
Sinking Fund. The State has on hand sur
plus of uniforms and equipments which costs
about $50, 900, which the United States have
agreed to take and pay for at cost. Arrang-
ments have been made with the general gov
ernment for the reimbursement of the military
expenses of the State since the 9th of July
last. The bills as paid are forwarded to Wash
lngton and partial repayments have already
been made.
1t will be observed that the receipts from
the ordinary sources of revenue for the year
1861 have decreased, but as payments have
been made on some of them since the settle
ment at the end of the fiscal year on the first
OF December and more may reasonable be eX-
pectcd in addition to the payments to be made
by the National Government hereinafter
stated the balance available in the Treasury
will be largely increased.
1t Will also be observed that it has not yet
been found necessary to call in all of the loan
effected under the Act of the 18th of May last.
In some items the ordinary reven ue of 1861
was in excess of that of 1860.
The loan authorized by the act of May 18th
1861, was taken at par. This occurrence,
most gratifying under all the then existing
circumstances of embarrassment affords tri
umphant evidence Of the confidence of the
people IN the stability and integrity of the
Commonwealth and of their determination to
support the Government
The operations of the Sinking Fund during
the last year have been shown by my Proc
lamaton of 9th September last.
Debt redeemed from 4th September, 1860,
TO 1St September, 1861 Of stock loans 300,-
$50, interest certificates 3,330,01, relief
notes 421, Total, S303, 3,S01 ,01.
refer to the reports of the State Treasurer
and Auditor General for the details of the
financial affairs of the Commonwealth. The |
reports of the Surv eyor General and State hi
brarian will exhibit the state of the Depart /
ments under their care.
The Commissioners of the sinking Fund dur /
ing the last spring received from the Phiadel- |
phia and Erie (late Sunbury and Erie) Rail- |
road Company forty bonds of that Company for /
100000 each, and mortgage to secure the |
same executed in conformity with the third |
section of the act of March the 7th, 1861. |
That company has deposited in the State /
Treasury its bonds to the amount of five mill I
lions OF dollars, in accordance with the 9th |
section of the same act. On the 9Th of May |
last L granted my warrant authorizing the |
State Treasurer to deliver to the said company |
one thousand of said bonds, being to the a.
mount of one million of dollars. This war;
rant was issued in conformity with the law,
the five per cent bonds mentioned in the fifth I
section of the act except those belonging to 1
the State and now in the Sinking FUND.- hav-
ing been previously surrendered and cancelled,
and satisfaction entered of the Record of the /
Mortgage mentioned in said fifth section.
Having received notice from the company
that the bonds so delivered to the company or
their proceeds had been appropriated in ac-
cordance with the provisions of the law, on
the 21st of June last l appointed John a.
Wright Commissioner to examine and to
report to me whether said bonds or their
proceeds had been appropriated to the pur-
poses required by the act. His report has not
yet been received by me.
1t is understood that arrangements have at
last been made under which the direct railroad
connection between Philadelphia and Erie
bo, ,loto in otr ina i'll