PUBLIC DEBT OF PENNSYLVANIA.
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We clip the following from the Democratic Union The measure was urged upon the Legislature of Pa, by special message of Governor Shunk, who is proving himself an efficient officer:

 THE INTEREST BILL PASSED.

 After protracted and animated discussion, the bill providing for the payment of the Feb ruary instalment of interest on our funded debt, has passed both branches by unani- nous vote. To the public at distance, who have not had the means of surveying the whole field of debate, 1t may have seemed that some diversity of opinion existed as to the duty of the State to meet her honest engage ments. But nothing can be further removed from the truth. The only source of conten- ton has been from the beginning, as to the best mode of securing permanent resumption of interest payments. Numerous projects, differing in character, were hence proposed to the consideration of the Legislature, and naturally elicited contrariety of expression. But we will do all the justice to say, that the only ground of difference has been, what measures would best secure the end which every true friend of Pennsylvania cannot but cherish as consummatlon devoutly to be wished''-viz: the permanent restoration of her pighted faith.

 The Legislature, it will be perceived, has at length decided to apply the full resources of the Treasury to the liquidation of the in- stalment of interest NOW DUE, leaving pros pectiye demands to be met by increased en- ergy and perseverance. We hail this as a most sound, patriotic and equitable decision, It reflects infinite credit upon our ancient commonwealth, and proves to the world that repudiation, even in it's mildest sense, has gained no loothold here. We now possess The means to make at least bold commence ment in the great work of extending justice to our creditors, and we have afforded lncon- trovertible proof that we. are not disgraced by lack of aciH The taxpayers of the State have long and patiently submitted to the most oppressive burthens. They have poured their substance lavishlv as water into the public cofers. They have hitherto com plained that those eXactions have not been applied to the purposes for which they were ostensibly collected. Such complaints, we are grathed 10 state, must henceiorth forever cease. The bill just passed by the unanimous vote of both houses, and the prompt concur renee of the State Executive, affords convlnc- ing testimony to our own citizens, that the tribute annually exacted from their earnings Is sure to meet with a just and honest des- tiny. It assures them, more than any othel act could have done, that it is neither squan dered in works of unquestonable utility, no diverted to channels of expenditure iorelgr lo their own sovereign purpose. To on European creditors, the Sydney Smiths ant l London Punches, who have levelled thei paper batteries at us from beyond the Allan tic, il will shew, that they neither understand nor appreciate the true character of our people