Clearfield Republican. [volume] (Clearfield, Pa.) 1851-1937, 1868-01-16

duclion Of Attorney General Brewster
In passing from general review Of
State affairs he says:
81 cannot permit some Of the most
prominent ideas connected with them
to pass uunoliced, because they clearly
Indicate the path Of duty IN the dis
charge Of the Executive trust 1t is
deemed proper to call your attention
to the fact that during the entire year
very large sum Of money is in the
keeping Of the State Treasurer This
sum has not at any time for years
been less than a million Of dollars, and
at present amounts 10 considerably
over four millions of dollars That it
is unnecessary that the greater por-
tion Of this money should be kept in
the Treasury TO meet the ordinary
demands upon it is obvious, and that
il should be withdrawn from circula-
tion is certainly a detrmcnt to the
business OF the community. A con
traction to the amount Of several mil
lions, as ut present cannot fail to
make its impressions upon those en-
gagged in mercantile, manufacturing
agricultural, mining and other kinds
Of omployments This money, l am
informed upon good authority, can be
loaned with ample security for its re-
payment when needed for ccrlail
specified periods, at u reasonable rate
-or interest, and the proceeds placed in
the Treasury for the benefit of the
State, which would not only be bene-
fetal to the taxpayers, by increasing
the public revenue, but also enlarge
the accommodations for business pur-
poses. If this plan were adopted, the
withdrawal Of the circulating medium,
by the payment of taxes, would be so
brief that it would not materially
affect the public welfare. The fund
thus acquired could be added to the
sinking fund, and would materially
aid in The reduction OF the State debt.
"a glance at. the condition of the
Treasury will show that at least four
millions of dollars might now be loan
ed, and at four per cent. would realize
tho handsome sum of 100000 per
annum. Or nearly the whole amount
of the balance now in the Treasury
might be rendered productive by be.
ing invested in the bonds OF the State,
bearing six per cent. interest, even
though purchased at premium. Or
it might be invested in United States
interest bearing bonds, which would
be available at any moment a necessi.
ty might arise for the use of the funds.
II that amount were exchanged at par
for United States ten-forty bonds,
bearing five per cent. interest in gold,
the product would be at the rate OF
100000 per annum, in gold, or, at the
present value Of gold, 100000 in cur.
rency. Besides, the funds would not
become "depreciated and unavailable
by long continuance in the Treasury.
a law for this purpose could be passed,
specifying the method by which the
unneeded money Of the Treasury may
be loaned, authorizing and empower
ing the State Treasurer and such 9th
ers as you may designate, to execute
or carry out its provisions"
This portion Of the message we
endorse, so far as it relates TO the
rast 1t is the only way of getting
out Of a bad financial policy, but as
piece of State fnanceering it need
not be repeated. TO go on and col
leet money from the people until the
Treasury runs over, and then ask for
privilege to loan it out to sharpers
at four per cent, is a "loil' freak ofI
modern invention. 1.-THE State Treas
ury is too full, why not pay oil por
ton Of the debt, Or quit collecting
taxes for awhile ? Why does his
Excellency not call upon the Legisla-
ture to reduce taxation, instead of
asking tha. body to turn the Treasury
into a banking houso2 # the State
authorities are collecting too much |
money from the people, stop it,
Change the law under which this
malpractice occurs.
Tho Snickersvillo hero is greatly
tormented by the "rcbel dead, and |
gives full vent to his hell-born senti. |
ments in the following style:
CEMETERIES.
"The reports Of the commissioners
appointed under the act of March -.
1867, to investigate the transactions
relating to certain cemeteries are here
with presented.
"Thc work at the Gettysburg come I
terry is progressing, but with less expe-
dltlon than was contemplated, in con
sequence Of the difficulty of procuring
such blocks of marble as were reouir-
ed for statuary
"Iheappropriation Of three thousand
dollars to the cemetery at Antielam
has been withheld, as it appears from
the act OF incorporation by the Lcgis-
lature Of Maryland and the resolutions
Of the board Of trustees, that the reb-
el dead are to be inferred within the
enclosure and to be honored with the
same memorials as the Union soldiers
who are there buried
"lhe custom has ever prevailed to
specially honor those in death who
won special bororby meritorious lives.
The monuments reared to the mono
ry Of departed worth bear ample tes-
Llmony that our people have not been
nnmindtul Of this custom. But whore
were suchmemorials ever erected for
men whose actions were Infamous