The Potter journal. [volume] (Coudersport, Pa.) 1857-1872, 1863-01-21
Gov. Curtin's Message.

Gov TaSSSCScs
Observation-Disclosures the
pressure of public calamity which has
weighed heavily on the country during
the past year, it has pleased Divine Prov.
idence 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.
! From the tables exhibited it will ap-
pear that the receipts from ordinary sourc-
es of revenue for the year 1862 are in ez-
cess of the receipts of the year 1861 one
million thirty thousand one hundred and
seventy-six dollars and eighty.two cents,
the excess of interest paid in 1862 over
that in 1861 being Sl44,095 81 ] and
that the ordinary expenditures for 1862
were ninety-fve thoustnd 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
expenditures, secured by the riged econo-
my which has been practiced, especially
considering the necessary increase of tax
alton by the National Government seem
to invite the attention Of the Legislature
to a revision Of the revenue laws, with a
view to Tightening the burthens of the
people In this connection it is proper
to invite your attention to the justice and
expedicncy of restricting the rate of local
taxation, now in some parts Of the State,
Oppressive.
Towards the extinguishment of thepub-
lie debt, the Sinking Fund holds securi-
ties amounting to ten millions seven hun
dred and eighty one thousand dollars
Should there be no extraordinary de-
mand on the Treasury, there can be ap-
propriated from the large balance new on
hand and the increasing revenues, at least
a million and half of dollars during the
coming year towards the payment of the
public debt. - ---.E -..r..
Ia accordance with the act of the 10th
Of February 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 thirty three cents,
was on the 14th June, 1862, paid to the
United States, partly by REIMBURSEMENT
of portion of the sums claimed by this
State from the Government and partly in
cash, after deducting the fifteen per cent.
allowed by the act of Congress for prompt
payment. Pennsylvania thus paid her
quota of the direct tax before any other
State There is still due to the State,
principally for advances since made for
transportation and equipments of volun-
teers, about three hundred thousand
dollars.
On the Goth of February last, issued
my warrant authorizing the State Treas
urer to deliver to the Philadelphia and
Erie Railroad Company one thousand of
the bonds deposited with the State in con-
formity with the Act of May 7, 1861.-I
On the goth of November | issued a sim
liar warrant. Both warrants were grant
ed after receiving reports from John A.
Wright, Esq, the commissioner appoint
ed for the purpose, that the proceeds of
the bonds previously issued had been ap-
propriated in accordance with the provis-
ions 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
Gfty-two miles of road have been compiet-
ed, making with what had formerly been
finished, total of one hundred and nine
ty-nine miles, of which, nearly all is gra-
ded and ready for the iron. The bonds
still in the Treasury will yield an amount
ample to complete the road, and thus
open this most important route of trade
and commerce. The development of the
vast mineral and other resources of our
northwestern counties by this means, will
undoubtedly in few years render valua-
BILE the securities of the Sunbury aud
Erie Railroad Company, now forming part
ofthe SinkingFund ofthe Commonwealth.