Raftsman's journal. [volume] (Clearfield, Pa.) 1854-1948, 1863-01-14
ANNUAL MESSAGE OF
ANDREW CT. CURTIN,
Governor of Pennsylvania.

GENTLEMEN EN-Notwithstanding the pressure
of public calamity which has weighed heavily
on the country during the past year, it has
pleased Divine Providence not only to enable
the people of Pennsylvania to perform in full
all their duties TO our common government,
but to give TO this Commonwealth domestic
peace, plenty and prosperity.
The balance in the Treasury on November
30th, 1861. was 81 ISL sos u. The Receipts
during the fiscal year ending Nov. Both, 1867,
were as follows: From ordinary sources S4,
047 ,S22 SO from per cent. loan act of May
18th, 1861, 1887 $50 90: from various banks
as an equivalent for coin for the payment of
interest on public debt $40, ,768 80; Refund
ed cash, military, S29, $50 AZ; from q. States
Government $605.740 52--making S5,2l1 ,747
63,-Total receipts into the Treasury for the
fiscal year ending Nov 80. 1862, Sc 763, 1853 35.
And the payments have been as follows: For
ordinary purposes, S3,0S3, 10 O6; Paid on
State interest as an equivalent for coin Sl46,-
631 %; Military expenses, act April II, 1861,
| 81 62: Military expenses, act May 10, 1861 =,
| S46O,5iS 6S; Military expenses, act May l6,
| 1861, ST ,217 26; Military expenses, act April
| 16, 1862, 500, ,607 O4 ; Military pensions, act
May Is, 1861, S4O0 54; to Commissioners of
Sinking Fund, S427 ,SSl 81; Domestic credi-
tors, sos 80; to Temporary loan, redeemed,
100000 90; to United States Government,
direct tax. $3.50 900 00-making total expen-
ditures 81 $50 500 25,-Leavihg balance in
the Treasury Nov. Both, 1862. of 50, 49,
S44 10, of which amount Sl95, $40 q cents is
the balance of unexpended military loan, as
follows:
Balance of said fund on Nov'r 30th, 1861,
S390,507 Al; receipts under act of May 18th,
1861, 1887 $50 00-making Sis, ,357 Al. OF
this fund paid for military expenses. as a.
bove named. S4S2.7S1 IA, and for redemption
of temporary loan $ 100 600 90, making amount
paid out S5S2 TSl l4-leaving a balance of
- of tba finn in Traa
Receipts from ordinary sources for the year
ending Nov. so, 1862, S4,047 ,s22 80. From
same sources for year ending Nov. 80, 1861,
S30l7 645 81. Excess of receipts for 1862,
S ,030 l76 80. Payments for ordinary purpo-
ses, excepting interest for the year ending
Nov. 80. 1861, S1.118.662 SO. For year end
ing 1862, Sl023,345 II. Decrease in expen-
ditures of 1862. S95.3l7 16.
From the tables exhibited it Will appear that
the receipts from ordinary sources of revenue
for the year 1862, are in excess of the receipts
of the year 1861 one million thirty thousand
one hundred and seyenty-six dollars and eigh-
ty-two cents, 1.-THE excess of interest paid in
1862 over that in 1861 being Sl44 ,O95 81 j
| and that the ordinary expenditures for 1862
were ninety-fve thousand three hundred and
seventeen dollars and sixteen cents less than
the year previous.
The healthy condition of the revenues, and
the excess of the receipts over the eXpendi-
lures, secured by the rigid economy which
has been practiced especially considering the
| necessary increase of taxation by the Nation
al Government.) seem to invite the attention
of the Legislature to a revision Of the revenue
laws, with view TO Tightening the burthens
of the people. In this connection it is prop
er to invite your attention to the justice and
expediency of restricting the rate of local tax
alton, now, in some parts of the State, oppres-
sive. Amount of public debt OF Pennsylvania,
90 H. H.,
$40. $50, $3.50 0S; additional amount received
at the State Treasury during the fiscal year
ending Nov. 80, 1862, on Military Loan, au-
thorized per act of May l5, 1861 1887 $50 90
making $40 96S, SIC oS. Deduct amount re-
deemed at the State Treasury during the fis
cal year ending Nov. 80. 1862, viz per
cent. State S 'ocks S26S, ,s09 40, A per cent.
State stocks $50 900 90, 4 per cent. State
stocks 800, 900 90. interest certificates Sl7 %,
Relief notes S1.4l1 90, Domestic creditors
certificates S64 81, Military Loan, per act of
April u. 1861, redeemed 100000 00-mak
ing $500, ,3o2 %. Leaving Public debt Dec.
l, 1862 SAC, ,44S, ,215 80.
Towards the extnguishment of the public
debt, the Sinking Fund holds securities a.
mounting to ten millions seven hundred and
eighty one thousand dollars, ,as follows: Bonds
of Sunbary and Erie Railroad Company S8,-
500 600 Bonds of Pennsylvania Railroad Com
pany 81 900 600, Bonds of Wyoming Canal
Company S2S1 ,000-making $40, ,7S1 900.
Should there be no extraordinary demand on
the Treasury. there can be appropriated from
the large balance now on hand and the increas-
ing revenues. at least a million and half of
dollars during the common year towards the
payment of the public debt.
The operations of the Sinking Fund during
the last year have been, as shown hy my Proc
lamation of the Sth of September last, as fol-
lows Amount of debt of Commonwealth re-
GDHD Sn1 81 aS foltayyS Sfafp loans
S261,17s T4, Interest certificates 1870 Al, Do
mestic creditors certificates S64 50, Relief
notes cancelled S11 8S-making S262, ,SO1 67.
1t will be observed that the fiscal year ends
on the thirtieth of November, and the Sink
ing Fund year on the first Monday of Septem-
Der. This is the reason for the apparent de-
ficiency in the amount of debt paid as stated
in the Treasurer's Report and by the Commis-
sioners of the Sinking Fund.
Under the Act of l1th of April, 1862 ap-
pointed William Mcclellan, r. B. McCombs
and NJ Russell Thayer, Esquires, as Revenue
Commissioners, who have printed report.
and will no doubt submit the result of their
labors to the Legislature, to which L invite
attention.
refer to the reports OF the State Treasurer
and Auditor General for the details OF the n
nancial affairs of the Commonwealth. The
reports of the Survey or General, Superintend-
enr of Common Schools, and State Librarian
will exhibit the state of the department under
their care.
In accordance with the Act of 10th Februa-
~ 1862. the quota of this State of the direct
tax of the United States, amounting to one
million nine hundred and forty six thousand
seven hundred and nineteen dollars and thlr-
ty-three cents was on the l4th June, 1867,
paid to the United Ssstes, partly by reiln,
quishment of portion of the sums ciaitneu
by this State from the government snd party