The Alleghanian. [volume] (Ebensburg, Pa.) 1859-1865, 1862-01-16

The State has on hand surplus OF uni
forms and equipments which cost about
$4,000, which the United States have
agreed to take and pay for at cost. Ar
rangements have been made with the
General Government for the reimburse
ment of the military expenses OF the State
since the 9th of uly last. The bills as paid
are forwarded to Washington and partial
repayments have already been made.
1t will be observed that the receipts
from ordinary sources of revenue for the
year 1861 have been decreased, but as
payments have been made on them since
the settlement at the end Of the fiscal year
on the first Of December, and more may
reasonably be expected in addition to the
payments to be made by the National Gov
ernment as 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 Ill OF
the loan effected under the act Of the 18th
of May last.
In some items the ordinary revenue of
1861 was in excess of that Of 1860.
The loan authorized by the act of May
Is, 1861, was taken at par. This occur
renee, most gratifying under all the then
existing circumstances OF embarrassment,
affords triumphant evidence of the conf
dence Of the people In the stability and
integrity OF the Commonwealth and OF
the determination to support the Govern
ment.
The operations of the Sinking Fund
during the last year have been as shown by
4 ~ ha = Of o,1ta
last, as follows
Debt redeemed from 4th Sept,
1860, to 1st Sept, 1861, S300,80l Ol
Of stock loans, S30O,O5O 90
OF interest on cer-
tifcates, $3.50 Ol
OF relief notes, 42l 90
$500, sol OF
refer to the reports of the State Treas
urer and Auditor General for the details
of the financial affairs Of the Common
wealth The reports Of the Surveyor
General and State Librarian will exhibit
the state of the Departments under their
care.
The commissioners of the Sinking Fund
during the last spring received from the
Philadelphia and Erie (ate Sunbury and
Eriel Railroad Company forty bonds OF
that Company for Si00, 900 each, AID
mortgage to secure the same executed IN
conformity with the third secten of the
act of March the 9Th, 1861. That COM
pany has also deposited IN the State
Treasury its bonds to the amount of five
millions of dollars, in accordance with the
9th section of the same act. On the 9Th
of May last | granted my warrant author
izine the State Treasurer to deliver to the
u, Of dc
| being to the amount of one million OF dol
lars This warrant was issued In contor-
mity with the law, the FIVE per cent bonds
mentioned in the act Except those be-
| longing to the State and now III the Sink
ing Fund.- having been previously surren-
| dered and cancelled, and satisfaction enter
| ed on 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
accordance with the provisions of the law,
on the 21st of June last appointed John
! A. Wright as Commissioner to examine
aud to report to me whether SAID bonds
or eheir proceeds had been appropriated
to the purposes required by the act His
report has net yet been received by me.
It IS understood that arrangements haye
at last been made under which the direct
railroad connection between Phi ladelphla
and Erie will be completed in a short
time. 1t is impossible TO estimate too
highly the importance Of this great work
to the Commonwealth, and especially to
Philadelphia and Erie and the hitherto
neglected counties near its route west OF
the Susquehanna.
BY the act of the 21st April, 1858, for
the sale of the State canals to the Sunbury
and Erie Railroad Company, it was provi-
ded that if that company should sell said
canals for greater sum IN the aggregate
than three and half millions of dollars
seventy-fve per centum of such excess
should be paid to the Commonwealth by
transfer of so much of such bonds and
securities as said company should receive
for the same, and payable in like manner
The company sod the canals and repor-
ted that the share of profit on such sale
due to the Commonwealth, was S2S1 ,250
of which $3.50 was paid in cash, and foi
the remaining s2el goo the Common
wealth received coupon bonds of the Wy
oming Canal Company, to that amount
being portion of bonds for 100000
issued by that company and secured by s
mortgage of the Wyoming canal, formerly
called the Lower North Branch canal