The Alleghanian. [volume] (Ebensburg, Pa.) 1859-1865, 1862-01-16
3. EBENSBURC Pa TllUISDAY JANOARY 10 lS0z

on the 18th of January and July, and the
interest was paid by the company to Jan
uary last inclusive. The interest due in
July last has not been paid. Judgments
having been obtained against the company
on some of the coupons for the unpaid
July interest, bill in equity was filed in
the Supreme Court by a bond and stock
holder, in which such proceedings were
had that by a decree made on the I'd Of
September last, the property and affairs
of the company were placed in the hands
OF a receiver.
A plan has been suggested for the as
sent of the stock and bond holcers, which
contemplates sale of the canal, under
lawful process, and a purchase of the same
for the purpose of forming a new compa-
ny, of which the capital stock shall be one
million of dollars, divided into twenty
thousand shares of fifty dollars each, OF
which each asserting holder of Il mortgage
bond, for one thousand dollars, shall be
entitled to eighteen shares, and each as
senting holder Of fifty shares of stock of
the Wyoming Canal Company shall be
entitled to nine shares. OF course no Of
ficer of the Commonwealth had authority
to assent to the proposal, or in any way to
affect her position. 1t is believed, also,
that the plan is not ore that ought to be
assented to by the Commonwealth, and
that under all the circumstances, if the
convenience of individual parties requires
a change as proposed, the debt due to the
Commonwealth ought to be first paid or
fully secured.
| suggest that the act passed 8th Of
April, 1861, entitled, Gan Act concerning
the sale of railroads, canals, &c" should
be modified so that in all cases in which
debt may be due to the Commonwealth
by the company as whose property pub
lie work may be sold, the purchasers
thereof shall not be entitled to the benefits
and privileges conferred by the act unless
they shall first paid the debt due to the
State, Or secured the same 10y their bonds
| to the Commonwealth, secured by first
mortgage on the work itself.
| commend the subject to the immedi-
ate consideration Of the Legislature, as an
| effort may be made at an early day to en-
vision by law to protect the interests Of
the State would in that case be necessary.
The wicked and monstrous rebellion
which broke out many months ago has
not yet been quelled. Every sentiment
of loyalty and patriotism demands its eff
fectual suppression.
In my messages of the 9th and 30th Of
April last, [ set forth at length my views
Of the character and objects Of the contest
which is still pending. Subsequent re-
/ fection has confirmed me in the correct
ness Of the opinions then expressed and to
which [ refer. In addition it ought to be
understood, that looking to the variety
and character of her products and indus
! try, her materialinterest alone would rem
der the preservation Of the Union from
the present assault upon it Indispensable
to PENNSYLVANIA. She cannot afford to
have foreign power below or above or
bounding her on the Delaware, the Ches-
never acquiesce In such result, whatever
may be the cost in men and money ol her
resistance to it.
On the 9th Of April last, | directed the
attention of the Legislature TO the neces-
sity which existed Tor an improved mill
tary organization, and on the 18th Of the
same mouth the act entitled ''An Act for
the better organization of the militia OF
this Commonwealth" passed, appropria-
ting the sum of 100000 for the purpose
of organizing, equipping and arming the
militia On the 10Th Of April the Presi-
dent, by proclamation, called for militia
ry force of $4,000 men, of which the quota
assigned to Pennsylvania was at first six
teen afterwards reduced to fourteen
regiments to serve as infantry or rifemer
tor the term of three months unless sooner
discharged This call was enthusiastically
responded to by the people of Pennsylva
MIA The first military aid from the loya
States which the Government received
at w Washington, was a Pennsylvania corps
which arrived there prior TO the 18th o
April On that day the passage of Other
corps from this and other States through
Baltimore was ilnpeded by force, and du
ring nearly two weeks afterwards th
communication between Washington an,
the loyal States was almost entirely Gu
off. On the 10Th / receNed reques
from the War Department nat the troop
preparing in this State should be clothed
armed, equipped, subsisted and transpor
ted by the State in consequence Of tn
then inability of the United States. Thi
request was, OF course, complied with, an
twenty five regiments, (being eleven regi
ments beyond our quota,) comprising
20,l75 men from Pennsylvania, served TO
the term of three months under the Pres