New-York tribune., 1873-01-09
p,l,n,e Of publle debt unpro,llea slo59I o3l


the debt have been s09 coz a. being little over % per
cent on the debt due Dec 1, 1885, which was then
S77O4 400 II. Tho Governor makes the Following i'm
portant remarks taxation, which concern New-fork
capitalists who have invested in Pennsylvania enter
prses and 10 some extent, the legislators Of all the
States:
ueretofore on several occasions have invited the
attention OF the Legislature the Importance Of adop
ing liberal policy toward tnose clzens VINO arc
engaged in industrial enterprises Whcn employ large
numbers of wOrb1ngmcn and tend 70 develop the re-
sources OF the Commonwealth Involving gIeab risk,
and requiring for their successful cOhunct laise
amount OF capital, these operations nave Oeeh IN tHg
main, conducted by means OF assertions no orsanIed
under the general laws when regulate Ihe Incorporation
OF manufacturing mining and improvement companies;
These claws, while they resemble ln1 theH principal
features the lib raj systems IN force IN otner states AN
in their ostensible purpose OF encouraging nnlcJul-
ing industry because the privileges thoy grant are
enormously burlcned with taxation.
This may be illustrated by supposng the case OF 20
persons, who each subscribe 5000 10 te STOCK OF com
pany organized Tor The purpose OF pouuCS o OF 'nu
ing COAL manufacturing cotton or Wooen goods
iron or steel, or any other commonly Inc IunI thus
created must be expended IN Ianus Duid.,s anu per
manent Improvements, which are ta1able Ter ll pur-
poses the extent as II they were owned Dy an
pay bonus OF onefourh iof one per cent TO the
Commonwealth upon its stock amounting 10 the sum oI
$50 IL Is thereafter liable 10 ah annual t1 Upon ~;
capital stock I tine rate OF Oneha mi Tor each one per
cent OF dividends made or declared In case OF no
olNidehus iltN4hS ocSh inl1e os -. NJ
mills upon the appraised value OF the stock Ao tax
per upOn the entire amount oi net earnings or
income. Also OF per cent on all interest paid TO
bOndhOderS and other creditors. . , ~
y
similar business would be wholly free from these
actions The State imposes of these bardens upon
him. Ii does not keep an espionage upon ns business.
or demand from him sworn statements OF his annual
profits lt dsCrminaes In his favor against the asso-
catOn small capitalists winch 1t processes to enc0ur-
age Aud without sharing IN any Of the stockholders
risks u makes itself partner in their prOhls and Ol-
lows them with grasping hand ana u aneYerceasihg
Official vigilance OF an inqusitoual character over
their affairs" The Governor concludes his OBJ
ssTVdtUas Se reVa OF an State ta$es upon capital stock,
net earnings and dividends or manufacturing, MINING
ana imprO gement companies ana or all cooperative as
sOcati6ns He supports this recommendation by citing
the example OF New-Hork and NeW-England, aud by
pointing ont the liberal ana encouraging lawson western
With a iauda6le pride in the great resources Of his
state, the Governor strongly recommends geological
survey; and referring 10 TINS SUBJECT ana on inc new
Bureau o. Labor Statistics ana Agriculture, NMch ~
also calculated to make known the mnteria wealth OF
When it is remembered that Pennsylvania ranks
second in population second In manufactures, sixth as
wheat growing state and llrst III point OF miner4l
wealth ana resources among tue states or the Unlon II
should not be question OF dollars ana cents Whether
her vast ana varied resources sIa 10 lell W Uc
opcd by the slow OF casual discovery or Oe prop
erly introduced 20 the notice OF capitalists at home and
abroad BY authorized and oicaI statements OF facts.
The Information that Will furnished will not ony be
Of great practical vauo 10 the czens or tue state Dut
It VIII afford the personalities the people, who
charged IRON year 10 year with the lesnOnslDues OF
lCg atOD the pest and most compendlous source or IN
formation, the Importance OF winch can only De estl'
mated by experience.
Pennsylyaia stands pregmnent for her mineral re-
sources poSsessns as she does the only AhoH aI &
cite coal fields of any consequence while her IRON ores
computation. few items only necessary 10 prove
the correctness OF these remarks. Tho production Of
in 1870 It reached the enormous amount OF 199 tun
and is estimated that the product will be sweled Ia
1872 " upward Of 22OOOOO tnns II the Increase 10 the
production OF anthracite coal hIs been wonderful and
rapid period OF C2 years VINO estimate It's growth
wthn the next han eenturJ Ihe product oI our Dtn
uinOus coal fields In 1870 foos up HS63,iGj uns. The
two make aggregate OF 3920O0 tuns Tor that year
Meanwhile the development aud growth OF the on pro-
duCtiOn Ol the NORTHWESTERN counties almost challenges
the credulIty OF our people From August 1851 wien
Drake sunk the first well to the close OF 1884, the pro-
ducuOn 22l coo gallons, yielding the sum OF S29
$4,000 In 1864 about G20000 gallons refined, the
average price Of which, IN bond at New YORK 62 cents
per gallon gave value OF S55iioOOl me entire pro
ductiOn up 1863 was 52,jsL5Zi gallons, equal 70 B.,
There is no doubt the future reports Of the Comms
soner will disclose equally rapd increase Ia the pro-
dueton OF oil, and other facts concerning 1t not less
gratifying.
The remuneratlve prices paid at present for pig metal
inducing ths erection Of large number OF rstcass
furnaces, winch VIII materially increase the wealth OF
the state and give impetus 10 other branches
DT5He Icsnt IN fha near uarS Tbe e
gOdendestmy OF the Pacific States may well be enyied
but COAL oil, lumber and soil are much better
foundation 1Or wealth ana permanent greatness than
the products of all their pacers and the rantent
perity they have produced. Lot us build upon
during basis and the world will forever pay golden
tribute TO our products and mdustresthe true wealth
OF PeDnsylvanla.
The Governor gives prominence TO the subject OF edu
cation The public schools are prosperous, and the
dicated by comparing the expenditures Of the last
years with those OF the SIX years prior to 1867, viz
Total cost 10; tuition from 1891 to 1850 n1i55l
Ipctease ....... "a etl Ias q,
Total 1Scaii,ares Of he system fon i66i to i5l 55S9 II
Total expenditures system 1867 1885, ls5949 81
Increase JClsO2 6O
There are however important reforms required, the
need for which he thus points out
Fortunately the old prejudice against the public school
system longer exists but Indifference, to lamenta-
bic extent, occupies It's place. From the report OF the
Superintendent appears that the number children
IN the state VINO do not attend school exceeds 1900
This criminal neglect Is most prevalent In the eies In
Philadelphia - per cent OF the children between the
OF ana 10 years 90 not attend schoo But more sgnh
cant and alarming stu, OF the whole number registered
as , attendants %g per cent are absent from the
tered amount TO per cent, and tho absentees TO
SS er cent anu as was natully 10 DC expected, the
resulting Ignorance fron TINS neglect mas proved fruit
fu OF crime Sixteen per cent Of the inmates Of
the State prisons are unable to read -
After careful and anxious deliDeTat0n upon all the
facts and their inevitable consequences, recommend
the adoption Of compulsory system Of education. That
doubted for i'll view of probability OF such meas
ure Its opponents have already commenced 10 marshal
their forces.
Gov. Geary refers TO the yavages OF smallpox and calls
for precautionary measures He says: earnestly
recommend the passage an providing for oompui
sorry vaccination which should have such penalties an
pexed ~ would insure its undoubted enforcement L
also recommend establishing State Board
of Health whose functions shall be discharged under the
auspices OF the LEGISLATURE. rr
Tie Governor makes appropriate reference TO tho
death OF Gov. Johnston and Gen Meade and RECON-.
mends an appropriation for monument 10 the memory
of tho latter to be erected at Gettysburg He raeom.
mends an Increase Of the Governors salary TO so 900 nr
annum, 70 take effect when his successor goes into
Office. He approves OF the taken 20 improve
the Ohio River Add Its tributaries and fayOrs app
prla0n OF 5000 10 aid In deray ing the expenses OF
Commission formed Tor that purpose. He nlso coz
daily approves Of tue proposed Centennial Celebration
and International Exhibition, and observes:
The quota stock allotted to Pennsylvania will DO
promptly taken and than this its people cannoto
until the hundred days prior to the Organization OF tbe
Board OF Finance, In which the subscription books are
required ~ DO kept open IN each State aud Territor
shall have eapsed after which time any stock not
should, II not called for by Others, Do promptly sub
sCriDed by citizens
lie recommends special donation from the State 10
aid of the Centennial Celebraton also an appropris-
ton for ho erection OF suitable buildings for the ef-
hiDitOD, and concludes by soliciting the cordial CO
operation Of the General Assembly FOR his Successor
A THREEF0LD TRAGEDY.
The quiet little town of Moravia, Cayuga