Columbia Democrat and Bloomsburg general advertiser. [volume] (Bloomsburg, Pa.) 1850-1866, 1862-01-18

refer to the reports Of the State Trea.
urcr and Auditor General for the details
Of the financial affairs Of the Common
wealth. The reports of the Surveyor
General and State Libratian vii exhibit
the state Of the Departments under theil
care.
The Commissioners ofthc Sinking Fund
during the last spring received from the
Philadelphia and Erie Oate Sunbury and
Erie) Railroad Company forty bonds OF
that Company for Sl0O,0 each, and a
mortgage to secure the same executed in
conformity with the third section of thcact
of March the 9Th, 1861. That comp ny
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 authorizing the
State Treasurer to deliver to the said COM
pany one thousand Of said bonds, being to
the amonnt Of one million of dollars.
This warrant was issued in conformity
with the law, the five per cent. bonds mem
toned in the fifth section ofthc act except
tn ose belonging to the State and now in
the Sinking Fund) having been previouly
surrenderedand cancelel, and sati, faction
entered on the Record OF the Mortgage
mentioned in said fifth section. iIa2iDg
received notice from the company the
bonds so delivered to the company OF their
proceeds had been appropriated in accord
anca wi h the provisions Of the law on the
2lst of June last, | appointed John A
Wright as Commissioner to examine and
to report to me whether said bonds or their
proceeds had been appropriated to the
purposes required by the act. His report
has not yet been received by me.
1t is understood that arrangement have
at last been made under which the direct
railroad connection between Philadelphia
and Erie will be completed within 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 2lst April, 1853, for
the sale of the State canals to the Sunbury
and Erie railroad company, it was provid-
ed that if that company should sell said
canal for greater sum in the aggregate
than three and half millions of dollars
seventy'five per centum of such excess
should be paid to the Commonwealth, by
a transfer of so much bonds and securities
as said company shoulp receive for the
sane, aud payable in like manner,
The company sold the canals and re-
ported that the share of the profit on such
sale, due to the Commonwealth, was S2Sl,
$50, of which $3.50 was paid in cash and
for the remaining S2Sl 900, the Common
wealth received coupon bonds of the Wyo.
ming canal company to that amount, be-
ing portion of bonds for 5000, 900 issued
by that company and secured bya NOR
tgage of the Wyoming canal, formerly
ca led the Lower North Branch canal
Those bonds bear au interest of six per
cent. per annum, payable somi-aunually
on the 18th day of January and July,
and the interest was paid by the co mpany
to January last inclusive, The interest
due in July last has not been paid, Judg-
ments having been obtained against the
company on some of the coupons for the
unpaid July interest, bill of equity was
fled in the Supreme Court by a bond aud