When was it published?

February 15, 1845 in Mississippi Advertiser

Domestic News February 15, 1845

Mississippi Advertiser

Q: What keywords are associated?

Pennsylvania Debt, State Interest, Gov Porter Message, Relief Issues, Public Works Revenue

Aberdeen, Monroe County, Mississippi

View full issue View on Library of Congress PDF Page 2

What is this article about?

Doubts remain on whether Pennsylvania can meet its upcoming debt interest installment, despite Governor Porter's message. Outstanding relief issues and domestic creditor scrip total $1.5 million, equaling annual interest. Public works revenue is about $0.5 million; remainder from state tax, with other revenues for current expenses.

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OCR Quality

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Full Text

The Debt of Pennsylvania.—It seems doubtful, notwithstanding the strong array of estimates, and the positive assertions of Gov. Porter's message, whether the State of Pennsylvania will be enabled to meet the approaching instalment of interest on its debt. The Pennsylvanian states that there is now outstanding and due, a million and a half of relief issues and domestic creditor scrip.—The annual interest due amounts to a million and a half. The revenue of the public works will be about half a million. The balance of the amount to meet the scrip and relief issues and the interest, must be met from the State tax. The revenues from other sources than the income from the public work and the tax, will all be required to pay the current expenses of the State.

What sub-type of article is it?

Economic

What keywords are associated?

Pennsylvania Debt State Interest Gov Porter Message Relief Issues Public Works Revenue

What entities or persons were involved?

Gov. Porter

Where did it happen?

Pennsylvania

Domestic News Details

Primary Location

Pennsylvania

Key Persons

Gov. Porter

Outcome

doubtful ability to meet $1.5 million annual interest; $1.5 million outstanding relief issues and scrip; public works revenue ~$0.5 million; balance from state tax; other revenues for current expenses.

Event Details

Despite estimates and Gov. Porter's assertions, Pennsylvania may not meet approaching debt interest installment. The Pennsylvanian reports $1.5 million outstanding relief issues and domestic creditor scrip, matching annual interest. Public works revenue about $0.5 million; remainder from state tax.