The Somerset herald. [volume] (Somerset, Pa.) 1870-1936, 1875-01-13
MESSAGE.
OF
Governor Hartranft

Governor EdIGIdQlU.
Gentlemen ofHe Senate and House
Of Representatives.:
The wonderful powers of lecupera-
tion hitherto exhibited by the Ameri-
can people in recovering from panic
and misfortune inspired the hope,
twelve months age. that the dawn OF
the present year would discover the
country released from the distrust
and effects Of the panic of 1878, and
inaugurate period Of confidence and
prosperity. That this hope has not
been realized is painfully manifested,
when throughout the length and
breadth Of our own great State are
found furnaces chilled, factories still,
mining shafts in process Of decay,
and myriads Of unemployed men,
with no resources provided for them
selves and families against the rigors
of the winter that now holds all
nature in its cold embrace. We must
not be unmindful that distressing
copiuuctures, ike the present, often
brood spirit Of restlessness and
discomfort that ascribes to the exist
/ ing government the Ills that atflict
society. 1t is therefore expected, in
the presence of our depressed trade
aud languishing industries, that the
efforts Of those who are serving the
public shall be directed to the prac-
tice of the most rigid economy.
Let Us confirm these expectations by
unusual diligence in the dispatch Of
the public business. a constant study
: of the general welfare. and the ap-
plication of every means in cur power
10 reduce the burdens Of the people,
and with this view ] recommend the
closest scrutiny Of every item Of the
appropriation bill. In this season of
distress no outlay Of money should be
made except what is absolutely re-
quired for the ordinary expenses ofthe
government. aud to make provision
Tor the maintenance o. those refor-
matorv and charitable institutions
with whose management the State is
charged. Where misery would be
entailed upon any human being OF
the interests Of science suffer by
Withholding aid to other educational
or charitable objec,y, humanity and
sense Of public duty will approve
of some assistance, but unless toI
these or equally Imperative reasons
it is my solemn conviction that nc
appropriation should be made for any
institution other than those for which
the people Of the whole State are
responsible.
FINANCE
The brief statement Of the fiuance.
herewith submitted is made to EN-,
brace the details of most interest
and | invite your attention thereto
with q view to more intelligent
apprehension Of the discussion that
/ follows:
During fiscal year ending November 81, 1873
Six per cent Flr-ls ~ Y,
! Five per cent. loan. --..-.--. ..--.---. sgy9 =
! Chambersburg certificates. ..-.--...-- : % =
| Relief notes ....-..--..- 95 y
/ Domestic creditors eeriideates...... 10 6
Total acknowledgements. I250ls8 5;
J EEcnPrs.
During fiscal year ending November 30, 1874:
I Balance in Treasury November 80
/ Receipts s.......-.....-.....-.. 5Si,e5s 2
Total ............................. 7.005,no .
DIsBURsEMESTs
During fiscal year ending November 81. 1874:
] Ordinary expeuses..-... sos 10 q
Z Isrlus redeemed. .-..-... .-c}J,l55 3J
Interest paid on loans. l456,27i 81
Balanee in Treasury November 80,
lsl4 .-----..- ----.--.---.---- 4fJst-294 o.
PUBLIC DEBT.
Six per cent loans. 80 .s21, SO 90
Five per cent. loans. 4os5,354 0l
Four and half per e.
94g-i,ssI
UNFUSDED DEBT.
Relief notes in circulation. ss6, lss 90
Interest certificates out
ttallALE .-.-..--.---.--- TO- - y
Interest certificates IN
claimed ...--............ +44s 8
Gates Is 90
Outstanding .....--...... s2759 2s
/ sChambershurg certificates
I9875l 8
PHbiie debt, Noycmber ; 3. 1874. see. "a 56s ss5 s
EoEls X s-EEING FUSD-
Bcnis q Pennsylvania railroad Co. s5.5o-oo0
| IsoDls,yf A Auf-ati.srv Val r. r. Co. $4,000
Z. -. ~, 1.