

Sl.O5O.OOO
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and has subscribed 5000, 900 to the stock of she
latter company. The interest on these bonds is to
be paid by the roads, if they can earn enough
The Governor then remarks as follows:


Il would recommend. that whatever schemes
Of expenditure you may embark in, that you keep
within the means at the command of the State; :;
otherwise. the people must be taxed more heavily,
or the State must contract loan. The pressure
of the times forbids the ormer-the furnished hon
or of some of the States, should make u.s. for the
present, decline the latter


This is very just. He then makes some virtu-
ous denuncations against reputation, which, con-
sderng thatthe Stateas yetowes nothing but 7caRtS
to Gor1 or, do not pass for much The Governors
remarks upon the tariffare ludcrous. After prais-
ing the late high tariff. and stating that there can
be no prosperity, or rereaue from the customs,
without prOdi6itory imports, he remarks as fol-
lows:


Il do not wish to be understood as advocating
high tariff, l contend for the power to impose
it if we think our Interests require it. l advocate
the doctrine of free trade as far as it is practical
bic; but when to be practicable, unless at
ruinous sacrifice to us, | abandon it, and say to
the world-'We will do unto others as they do
unto u.s."


He further states, that there is due the State
S229l7 from the proceeds of the public lands, and
he is daily in expectation of getting hold of it.