The evening telegraph. [volume] (Philadelphia [Pa.]) 1864-1918, 1871-01-20

, naraly entertain doubt that the members OF the
Board OF Public Charities would have acquitted
themselves creditably II they had been employed to
work as clerks, for sufficient salary paid them
NOM m93ntIhly under passably methodcal and exactng
His Excellency Governor Geary, in his annual
mt ssage TO your honorable body, OF the 9th instant
stated that the first annual report OF the Board OF
Public Charities would be presented to you early In
TIE session. After the message was communicated,
the board held meeting January, 1lth instant at
which they devolved the preparation and publica-
which the president was chairman, with instruc-
tons The special committee held meeting in
Philadelphia, Saturday, January IA, at which 1t was
formally resolved to disObey these instructions
This it s believed by me was done with a view to
defeat the presentation OF any report to your honor
able bodies from the board except so far as the
report OF the general agent might claim to be con-
sidered one.
1t is proposed to put the General Agents report
into the State Printers hands this week AS pub
lie document, it will not be OF a creditable charac.
ter The General Agent might very properly be
forbidden to run up bill for printing before being
authorized to do so by the General Assembly.
:, me recommendatlons, SO called, OF the Board OF
not entitled TO more notice than the compliment
OF their formal reception The commissioners ad-
vocatinR the appropriations appear not to have
been qualified, II they were so minded to frame and
present to you any wel-ordered scheme or system
OF charities. IL requires an education, apparently
to realize how grave agencies for evil are invoked
by reckless aud imp evident distribution OF State
aims. AS long as the board continued unproylded
with proper basis of facts ana principles to guide
them, they should have scrupulously refused to in
munity. THOMAS L. KANE,
President Board of Public Charities.
REORGANIZATION OF THE TREASURY.
A bill is now lying in the Committee on Re-
trenchment and Reform providing for the reor-
ganization of the State Treasury. 1t provides
that the Commissioners of the Sinking Fund
shall select nine banks as State depostarles,
four to he located in Philadelphia three in
Pittsburg, and two in Harrisburg. All funds
are to be placed in these depositaries by the
O H.
of the State on monthly balances. A full report
of all transactions with the Treasurer is required
to be made to the Auditor General once q
month.
LITTLE WILLIAM.
A real healthy bill has been presented by Mr..
Smith, of Philadelphia. 1t has more privileges
than are usually found incorporated within the
same space. 1t is in the shape of a supplement
to the act Incorporating the Germantown Cot
tage Company, an organization which received
considerable ventilation after the adjournment
of the last Legislature. The present '1ittle
William is couched in the following language
Whereas, The Germantown Cottage Company"
under and by the authority of the act Incorporating
the said company, was empowered, among other
rights and privileges granted, to construct such
works and improvements as may be deemed eXpe-
dent and proper by them.'
And 1heIe cas-, A supplement approved the Esd OF
February A u. 1870 to the act Incorporating the
Company
sid to "any contractor by advancing money to such
contractor or by guaranteeing the execution OF a
contract for the building, construction, or equip
ment OF public or private Improvements.
And IohereGe, The name and title OF the said
"GeTmantown CottageCOmpany" have been changed
to that OF the commonwealth Improvement Com
pany," under and by authority of supplement- ap-
proved April 6, 1870, to the act incorporating the
said 'The Germantown Cottage Company"
Now, therefore, in order the more eTectualy to
carry out the objects and purposes of the said
charter and the supplements thereto, and aid in
the development and Improvement OF the country
Section l. Be it enacted by the Senate and House
OF Representatives OF the Commonwealth OF Penn
sylvania in General Assembly Hbet and IL is hereby
enacted by the authority OF the same, that the said
'the commonwealth Improvement Company" is
hereby authorized to purchase and s ell railroad
stocks, bonds and other securities, and to make adj
Vances IN money ana credit to railroad and other
Improvement mining aud manufacturing COM
panies, and to aid contractors miners and manu-
tacturers and to enter into contract for the con.
sruCtlOn and equipment OF all kinds OF works. and
to receive and hold in trust, otherwise estate
real, personal and mXed-inCluding notes. bonds,
obligations and accounts and the same to purchase,
collect, adjust and settle, and also to sell and dis
pose thereof in any market in the United States,
elsewhere, for such prices and on such terms as
may he agreed upon between them and the parties
contracting with them; to endorse aud
guarantee the payment of bonds and
other securities, and the performance Of the
obligations Of individuals and OF corporations: to
issue, time to time, in addition to that hereto
lore authorized, stock representing their property
and their business to increase their resources from
time to time, in property by purchase or otherwise,
as the business of the company may require, and
as may be deemed eXpedient; and to create and
convert such portions of their capital stock, from
time to time, as they may desire, into preferred
stock, and TO issue and appropriate the same TO
such purposes as may be deemed advisable, which
preferred stock, as well as the common stock shall
be subject to such rules, and regulations, and con-
ditiOus may be prescribed by the Board of Drec-
tors; and the said company may issue common
stock in place and in lieu OF said preferred STOCK
and camel and retire the said preferred stock alto
gether.