Portage sentinel. [volume] (Ravenna, Ohio) 1845-1854, 1845-12-10
Fellow Citizcns Of the Senate,
and House of Representatives..


Cd from the effects Of the late [rosts and
drouth during the past season, yet the la
bors Of the husbandman have been crown
cd with abundance. Health, tranquility,
and prosperity, have continued to reign
within our borders. The march Of inn
proyemeni in the State has continued TO
prossess with its usual facility, and indiv-
idual happiness has continued 10 reward
the private virtue and enterprise Of our citi-
gems. H Fs s..rrafEa 7ro -
The laws have been executed during the
last Yenr with fidelity, and each department
pfaheS eStAsS government has dnIy Psrformed
its appropriate functions In accordance
with the laws. a full and detailed account OF
the finances of the State, ard the condition.
Of the several departments, will be laid be-
fore you.
The state Of the finances for the year
ending Nov 18th, 1s45, is as follows, to
wit: ..
Nov. % 1874, " was as " ' slsa,saa II
The amount of revenue received from o.
ther sources than taxes and tolls on
State improvements, 10 lo4, ,53297
Balance of School Fund re.
naming in the Treasury on
the 18th Nov. 1874, $35, ,673 l6
Balance Of Common School
Fund reed for taxes, &c. 92,9ll 80
Amount of School Fund ari.
sing from interest on surplus
revenue, loaned 10 counties 98, 3@3 W
sprine lands &c. 5.807 IS
Total amount Of School Fund --s23l, ,775 Sc
Canal tax collected during the year. 726,343 AZ
Canal tolls received during the year, 466, ,598 5l
Turnpike dividends received, @,2b3 81
Dividends on canal stock, 4,9ol u
% nue., being tax for canal purposes lo,13l 81
The amount applicable TO the payment of
repairs on the Public Works, and in
tcrcst on the funded debt, ,23O ,239 10
. nestle debt l,l72, ,444 60
Disbursen snts during the year, 2Ol, All 81
"Ias4t Reserve v, and and Maumee Road. s,6l2 %
This last sum will be expended in the
extension of the road
The is,S a%Sun' Noun is4s rsS'''As l" 'A' sds42 g.
The tolls received on the National Road
during the year, 3l,4al ~
Amount paid for repairs and
I,al in favor Of National Road - 5,547 IS
The aggregate amour, of the valuation
OF taxable property on the grand levy , ,oo m
for the year l845,H $la4'@oo'4o' w
The rate of taxation for State purposes
,s one mill on the dollar. For Canal pur-
poses 81 mills. Common School purposes
ii mills, and for county, township. and
other local purposes. averaging = mills
Making an aggregate Of Is mills on the
dollar.
for iS45' is 2,4ll, ,588 48
rh. .mount Of DELINQUENCY 1880 18
The public improvements which belong to tn
State are now completed except the branches Of thu
Walhonding canal.
The aggregate cost Of all
the improvements own
ed by the State $l5,aI7,233 10
Tho investments Of State
Stocks in Canal and
Turnpike Companies, 2,43l, 40 es
The amount invested by
loans of credit in Rail.
road companies, 7H,l32o W
Total amount of invest
4ncnts in public improve. -oe
In the year 1874 the product Of this in
vestment amountedto os4''a'
Owing to q partial failure in the whe'
crop in some sections Of the State the pa!
summer, the revenue arising from tn
canals has been reduced this year abol
$4,000 below the annual amount recel'
ed last year.
The debt of the State both foreign an
domestic does not at this time vary muc
from twenty millions Of dollars. This
a subject Of deep solicitude TO the people
the State, and tends TO augment the bu
hens of taxation. The debt has bee
contracted chiefly in the construction
our improvements, and at time whe
the State was comparatively new al
destitute Of the means and ample resou
ces which it now possesses. or the
tent to which these Improvements ha
contributed towards the advancement
State, and the development Of the resou
ces Of the country, it would be difficult
form any adequate conception. In the pa
rnent Of the interest and the ultimate
quidation Of the principal of this del
the faith and honor Of the State has hltht
to, and will continue 10 be, sacredly pl
served, and kept inviolate.
/ cannot pass from this subject withe
expressing te you my conviction that sou
policy forbids any increase Of the liabilti
Of the State, and enjoins upon us the dl
or yigilantly turning our attention towa
tho liquidation Of the existing public de
The original creation Of this debt "
only justified by the peculiar situation
the State, and the imperative necessity
shs time, for aid of government IN
construction Of public improvements.
par. Of this. debt will fall due in lsoo
partin 1856, apart in 1860, and a par
1870. With the ample means ana
sources, Of tho State, the payments Of tn
liabilities can and doubtless will, be pu
tiaHy metwithout difficulty. The nle
on,ihis debt which falls due seml'al'nua
was pupcttually paid during the last seas
spa arrangements haxs,elready been m