{"newspaper_name": "The New York herald.", "edition": "01", "page": "p1", "byline": ""}
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GesA"sosSu uoAoaoo sPPsSouAo ~ uAo pay"


ment Of the interest on lst Of August,


provided the Legislature shall make no


special or extraordinary appropriations,


save thus w frankly % M s.s to Xou wha,
prospective condition Of the Treasury The
sons to which have come differ in iome degree from
those which sanctioned bv the sstinable gentle
man whs recently filled the Office of State Treasurer
The difference arises principally from the fact that have
included among the charges upon the Treasury the can
q ~ ss snd the Of %
works and the revenue from the State taxes sc more
highly than those whose opinions have odopted Should
upon the finances will not be impcrtsnt before the first OF
August next, however happily they may influence the
state Of the Treasury after that period


cheerfuy submit the wisdom Of the Legislature 10
determine what should be pursued under the cir
cumstances. If am correct in the views which have
sumo the payment of interest in FULL and 10 continue
the payment punctually after This Of things how
mesc creditors in full and the cancellation Of large
amount of relief notes. for which have estimated are In
their value temporary Disbursements which will
TALLY relieve the Treasury snd the operations Of the in
crease tax law of the last Legislature must YIELD after
tine. large increase Of revenue


simple alternative Whether all the moneys which will
be in the treasury on the lst Of February sho be
INTO par Snda and Psa cut as far as they will


rate Of interest shall be paid the Of February as
cam with reasonable certainty be sgain paid the
Of August, looking to gradual increase in the amount
OF our future interest improving ci,cum.
stances shall warrant and holding the State fully bound
to make payment Of the at the earliest time


1t can hardly be expected in the most prosperous
condition of the Treasury that financial operations
be regulated that there shall be neither den-
cheney in the Treasury the days for the
payment of Semi annual interest Hence the neces.
sity will at once be perceived of providing,
practicable, contingent fund to meet any deficit that
may occur interest day. The mode in which such


fund should be constituted will properly be the subject
for future consideration but cannot fail to mnress Il
self upou the mind Of The Legislature rs an important
part OF well regulated system Of State fnance.


The whole subject refers itself properly to YOU and
whatever may be your decision shall held myself rea
dy cordially cooperate with you the great work Of
yindcang the integrity and renovang the pride OF our
Commonwealth. FIR r. SKUNK


Executive CHAMBER, January 80, ls45