75 
ASSETS. 
In books of Corporation. 
Depreciation Fund 
deducted from costs. 
By Waterworks .....ceeeeeeeeeees seceeesees 78301 17 3 
AIGHEWOEKSE ES Eee ts aceressss Ceeaseathnse Gtooo Le. f 
» Market .......... Bais clotaliciatciske:c < elcishajaie veto DO SOON oun s 
SRIGETIOTOLY/ eo tcclle wie cee cviesto vice 6 ecis oveeeeen 440008 G 
», Property for street Improvements .......... 10654 12 8 
», Unapportioned Expenditure.............6 1 
,, Estimated value of Property ...... 7 
», Book debts and uncollected Rates .......... 2 
», Balance in Treasurer’s hand ...........0.. 3 
», Cost of intercepting sewers .. 21365 19 0 
», Pitching River ......... wees 2751 14 1 
», Stocks on hand .......... apiyagae tenia cistw nce en Oo 
259432 17 5 
Liabilities ....... Hhesenewe 248714 5 10 
SiR LUT ayn two snenis Soecooe 10718 11 7 
I have attempted in a very imperfect manner to tell you 
something of the Rise and Progress of the town in which we live. 
Writing in 1800 the late Dr. Whitaker expresses his fears for 
the future of the ancient parish of Whalley in language of the 
most extraordinary kind. Much more than the worst fears ever 
pictured to the morbid imagination of the learned antiquarian 
has been realized in the rapid extension of the dreaded manu- 
factures, but whether with the result he anticipated I will leave 
others to answer. Speaking of the ancient families in the parish 
of Whalley, he says :--‘“‘ Those opulent houses, whose property 
is not to be traced to a feudal origin, have been generally raised 
by the profession of the law. Some indeed have grown to conse- 
quence by habits of economy and gradual accumulation. Buta 
new principle is now introduced, which threatens gradually to 
absorb the whole property of the district within its own vortex. 
I mean the principle of manufactures aided by the discoveries 
lately made in the two dangerous sciences of chemistry and 
mechanics. The operation of this principle is accompanied with 
another effect, of which it is impossible to speak, but in the lan- 
guage at once of sorrow and indignation. Indeed it can only be 
considered as so much pure unmixed evil, moral, medical, 
religious and political. In great manufactories, human cor- 
ruption, accumulated in large masses, seems to undergo a kind of 
fermentation, which sublimes it to a degree of malignity not to 
be exceeded out of hell.” 
Sef 
