Clearfield Republican. [volume] (Clearfield, Pa.) 1851-1937, 1870-03-30
NEW SERIES--V0L. 10, NO. 36.

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bonds filed, will be ample security for
the debts of the State,
But it is said it postpones the in.
dcbtedness. 1t does whilst the roads
are being built. Is this terrible
thing to the Commonwealth, in view
Of the fact that we arc developing her
territory
But say, Senators, the State now
gets 100000 annually, whilst by this
bill she will get but 100000, and that
thereby the State is seriously injured
If the argument Of Senators upon the
question of the right to touch these
securities bo worth anything what
ever, this position is most inconsis-
tent Herewith, for the fact is patent
that the act of 1857, by which the
terms of sale of the main line were
fixed, is almost Identical in terms with
the provisions OF this bill. II we have
no power under the terms Of the Con-
stitution TO change the security given
for the purchase Of the main line, how
comes il that now we are receiving
$3.50 900 instead of but the interest
on the $4,000 900 yet unpaid at per
cent, and 100000 annually. If we
have no power 10 change the time and
manner OF payment of the moneys
arising from the sale of tho public
works, how happens it that we do not
hold these debtors by the very letter
of their bonds given under the act Of
1857 and now remaining in the treas.
ury. The only answer TO this ques-
tion is that the Legislature of 1861
changed the time and manner of pay
ment by an arrangement with its
debtor, and agreed to receive the
money faster than the terms of the
sale provided. If they could do that
in 1861, is it not competent for this
legislature to remit the debtor TO the
terms of bis original contract, especi-
ally in view of the facts that the pro-
visions of the Constitution, of the act
for the sale of the main line and Of
the securities now held by us all con-
cur with the mode of payment fxcd
by this bill, with the single exception
of postponement Of the annual pay
ments for five years The act of 1861
was the exercise of legislative dis.
crelion. The act of 1870 is no more.
We violate no constitutional right or
provision in remitting the parties to
their original contract. Go TO the
treasury and read the bonds you hold
and you will find that the last one ma.
lures in 1864. So also does the last
payment under this bill
may be permitted to say that so
far as the line of railway contempla-
ted through my district is concerned,
| own not an acre of land between the
point of junction and the New York
line, but / seek the interests of the
people represent, and know ] faith
fully reflect their sentiment in support
ing this measure.
An implied charge of corrupt legis-
lation is made in regard to this meas
ure have taken my position and
as forcibly as could have endeavor-
ed to maintain IT, fear none of the
implications or insinuations that may
be or have been made, but upon this
measure as upon all others that have
come before us since have had the
honor of a seat here, ] have endeav-
ored to perform my duty faithfully 10
my constituents, and 10 the best inter.
ests of the Commonwealth as it is
given to see those interests.
The implication, too, does gross in.
Justice TO the far seeing and sagacious
men who control and direct the policy
of our great corporation. | do not
hesitate TO affirm that their peers in
ability in their vocation cannot be
found within the nation. Nay, more,
sir, their reputation and that Of the
great road they have made are co
equal and world. wide, and as Pennsyl
vanians we can with honest pride point
to these men, sons Of cur own soil
as unexcclled and unequalled, fol
breadth Of view, for sagacious fore
sight and for skilltul management o
enormous interests.
: Now, Senators, / have done. W.
come to you and beg you to remem
bcr that our people have claim upor
|, the State we all love and serve. w
beg you to remember that the soil ant
, its products, and its minerals, are th,
! true and only sources of wealth, an'
that with you lies the power TO brinl
,, them forth. We beg you to remem
Der that 10 you and TO the Common
wealth we seek 10 bring no loss. II
giving us what we seek you impover
ish not yourselves but make us ricl
indeed.
We are weak and unable TO stanC
/, without your aid. We are isolate,
!, and embarrassed; aid us to stand cree
; and from being weak we will becom
strong, from being infants needing aid
we will become giants, and viii wit
the arms of giants throw back in th
! lap of our State riches ten fold create
! than those you now grant us q loar
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