The Alleghanian. [volume] (Ebensburg, Pa.) 1859-1865, 1863-01-15

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 compile
ted, making with what had formerly been
finished, total Of one hundred and ninety
nine miles, leaving eighty-nine miles un-
finished, of which, nearly all is graded and
and ready for the iron. The bonds still
in the Treasury will yield all amount
ample to complete the road, and thus
open this important route of trade and
commerce. The developement 0: the vast
mineral and other resources OF our north
western counties by this means, viii
undoubtedly in few years render valua-
BE the securities Of the Sudbury and
Erie Railroad Company, now forming part
of the Sinking Fund of the Common
wealth.
The interest on the State debt was paid
in August last in specie or its equivalent,
in conformity with the existing law, at
the cost of one hundred and forty SIX thod-
sand and thirty one dollars and twenty
two cents for the difference between specie
and paper currency. Of which the banks,
under The provisions Of the Act of llth
April, 1862, have already REFUNDED to the
State one hundred and forty thousand
seven hundred and sixty-eight dollars and
thirty cents.
This burden on the banks has become
heavier than in my judgment ought te be
borne by any special interest.
Unless the Legislature shonld other
wise provide it will be the duty of the
State Treasurer to pay in like manner the
80 l., 4 I P,I1 =
should all be careful not to violate the
faith OF impair the credit Of the Common
wealth. The serious and early consider
alton of the Legislature is invited to the
whole subject.
In Iay opinion there are already more
incorporated banks in the Commonwealth
than are at present required for the
public convenience, and [ therefore
recommend that no more shall be incor-
porated.
? On the 1th CT July last, call was
made by the President for three hundred
thousand volunteers. This State had al
ready supplied nearly one huadred and
ten thousand men, yet her people prompt
Is bestirred themselves to respond to this
new requirement. Although it was
believed that no bounties would be
necessary to induce the men of Pennsyl-
vania To enter the service Of their country
on such an occasion, yet as some OF the
neighboring States offered large bounties,
it was thought rot right to expose our
citizens to the temptation thus afforded
10 them TO enlist in regiments Of other
States. There being 90 appropriation for
the payment Of bouuties, |, Of course,
2 ba,, to ha of
the treasury, ana it was evident that to
call the Legislature together and wait for
the negotiation Of any loan which might
be authorized for the purpose, would be
attended by injurious delay. Under
these circumstances | confdentially APP
pealed by proclamation to a people who
have never ialtered in the performance of
any daty of patriotism, calling ou them to
raise in their several counties, the sums
necessary to insure their proportion of
the quota OF the State This appeal was
effectually answered. Public meetings
were held, and liberal amounts subscribed
by individuals. La the city of Philadel-
phia, besides a very large fund thus
raised, the municipal authorities contrib
uted heavily from their common treasury,
aud in several counties the county com
missioners, generally undcr the guarantee
Of few Of their eminent citizens: devoted
county funds to the same purpose. ]
recommend that these proceedings be
leyalized, and submit to the wisdom OF the
Legislature the question Of what legisla-
tion would be just and proper on the
whole subject that the burden of this
patriotic effort may fall equally on all
classes OF people throughout the State
The result of this manifestation Of
public spirit was that thlrty-eight new
regiments and three unattached companies
of infantry were raised four other regi-
meuts, which, previous to this call, had
been authorized by the War Department
to be raised are still in progress OF organ
/ izatiou.
On special requisition from the War
Department there have been raised aud
are now in service five additional regi-
ments, and three companies OF cavalry,
two batteries Of heavy artillery, and one
Of light artillery. a battalion OF heavy
artillery is being raised by Maj. Joseph
Robcrts, Z. 5. a., with my assent also
under special authority OF the War
Department.
Early in September last the rebel army
crossed the Potomac into Maryland, with
the design OF invading this State On
the 4th of that month called upon the
people by Proclamation to organize into
con. pauies and hold themselves IL read