Clearfield Republican. [volume] (Clearfield, Pa.) 1851-1937, 1863-01-14
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certificates, 81 SO
Roliafuotes cancel'd II 80
-S262 sol CT
II will be observed that the fiscal year
ends on the 3Oth November, and the
sinking Fund year on the first Monday Of
September. This il the reason for the
apparent deficiency in the amount ordebt
paid as stated in the l%reasurer's Report
and by the Commissioners of the Sinking
Fund.
Under the Act Of Ilth April, 1862, APP,
pointed William McCleliand, X. =. Nc.
Combs, and NJ. Russell Thayer, Esquires,
10 Revenue Commissioners, who have prin-
ted a report, and will no doubt submit the
result Of their labors TO the Legislature, to
wAieh | invite attention.
I refer to the reports Of the State TreasN
urer and Auditor General for the details
OF the financial affairs of the Common,
wealth. The reports OF the ~SuryeyorGien.
eral, Superintendent OF Common Schools,
and State Librarian, will axhibiL the state
Of the departments under their care.
In accordance with the Act of 10Th Febs
ruary, 1862, the quota of this State Of the
direct tax Of the United States, amounting
10 81 ,946, 7l9 80, was on the 18th Jane,
1862. paid to the United STATES, partly qy
a REIMBURSEMENT of q portion of the sums
claimed by this State from the Governs
ment, and partly in cash, after deducting
the fifteen per cent. allowed by the act Of
Congress- for prompt payment. Pennsyl,
vaIia thus paid her quota Of the direct tax
before any other State. There is still due
to tie State, principally for advances since
made Tor transportation and equipments
Of volunteers, about $500, 900.
On the 10Th of February last, | issued
my warrant authorizing the State Treasur.
er 10 deliver to the Philadelphia and Eric
Railroad Company one thousand OF the
bonds deposited with the State in eoufOr>
nifty with the Act Of May 9, 1861. On the
10th November | issued a similar warrant.
Both warrants were granted after receiv>
ing reports from John A. Wright, Esq,
the commissioner appointed for the pur-
pose, that the proceeds of the bonds pres
viously issued had been appropriated in
accordance with the provisions Of the law.
The company has now received three OF
the FIVE millions of bonds deposited in the
State Treasury. With the proceeds of the
bonds issued, fifty-two miles of road have
been completed, making with what had
formerly been finished, a total of one hun
dred and ninety-nine miles, leaving eigh>
~ty.nine miles unfinished, of which, nearly
all is graded and ready for the iron. The
bonds still in the Treasury will yield an
amount ample to complete the road, and
thus open this important route of trade
and commerce. The development Of the
vast mineral and other of ouI
northwestern counties by this means, viii.
undoubtedly in a few years render valua,
BILE the securities Of the Sunbury and Erie
Railroad Company, now forming part OF
the Sinking Fund of the Commonwealth.
The interest on the State debt was paid
in August last N specie or its equivalent,
in conformity with the existing law, at the
cost Of Sl46,63l % for the difference be-
tween specie and paper currency, of winch
the banks under the provisions OF the Act
Of Ilth April, 1862, have olready refunded
to the State SI40,768 80 cents.
This burden on the banks HAS become
heavier than in my judgment ought 10 be
borne by any special interest.
Unless the Legislature should other.
wise provide ii will be the duty Of the
State Treasurer TO pay in like manner The
Interest which shall fall due hereafter
We should all be careful not 10 violate the
fRita OF impair the credit Of The Common
wealth. The serious aud early considera.
tion Of the Legislature is invited to The
EhoIe subject.
In my opinion there are already more
incorporated banks in the Common wealth
than are at present required for the pub,
lie convenience, and | therefore recon,
mend that no more shall he incorporated
On the 9TH of July last, a call was made
by The President for three hundred thous.
and volunteers, This State had already
applied nearly one hundred and tel
thousand men, yet her people prompt,
bestirred themselves to respond to hi,
new requirement. Although it was be
loved that no bounties would be necessar,
to induce the men of Pennsy lvania to en-.
ter the service OF their country on such al
occasion, yet as some Of the neighborin,
States offered large hounties, it was tboegh
not right TO expose eur citizens TO tn,
temptation thus afforded to them to en-
list in regiments of other States. Their,
bong no appropriation for the payment o
bcuntieB, | OF course, could not direc
them to be paid out Of The treasury, and
was evident that to call the Legislature ia
gethsr and wa. Tor The negotiation Of an.
loan which might be authorized for tn
purpose, would be attended 10y serious de
lay. Under these circumstances ! conf
IDENTITY appealed by proclamation 10 a peo
pie who have never falteFed in the per
formance ofaAy duty Of patriotism, calm.
on then h raise in theii several countist
me Sans nsCssssSg TO inHlFe their proper