New-York daily tribune., 1845-12-26
To,abIe Property in 0hio-Interest on state
Debt, &c.

Co-rs snondencc oi i ne lEuUne'
coLvmsrs Ohio, Dec. 10, l9i5.
n,or Sir. Resolutions passed the lower brsncn
of,b. ohio Legislature to-day. BY an unanimous
r,t, requesting our Senator's and Representatives.
in Congress 10 vote agains; any proposition 10 IN
- - Tb, rates of postage Public sentiment here
i entirely in favor of giving the existing law iair
rial and of reducing the rates, rather than lncfeas
inc them, If any change Is TO be made
have before me the tabular statement oi Inc
..tla -onsr,vaud revenues OF the State. which pre-
sents some interesting items ,,..,,,
Tn, lands OF the State valued st - ~ o. l19
Buildings and town Z-'-os 90 %
Merchants Capita! and money al interest - 300 ~,
Pleasure Carriages. 49, -
Tos, amount o; taxable property @ Sg 6 603
The State snd Cangl Tax. - SSt
County and School TaX-.----- e5S IN
Other Taxes. --,S
Total for all purposes -, IN
Cincinnati has the largest amount OF iio"e! '-
rra6, Daytor stands next Chiliicothe third
mentioned in nv last that a revision OF tls iaN
laws of the STATE was contemplated on the bass o'
the cash valuation. Since ihen two ao'c SPS
have been made on the subject by Mr. hcieE O'
the Senate and Mr COwen OF the House. pom IdSo'
ing the principle but diferin: TO the best poNcy
TO be adopted towards carrying It out: II appears
that the deficiency in the revenue aPpllcaose 20 .'e
payment OF the interest the pubic deo' mas
amounted during the past six years. 10 moi tar Vo
81 OO0 OF which 100000 has been met oy lunGs
derived from various sources, while the balance has
taken in one form or other the character 0; pubhc
debt. Ii, 10 prevent this constant addition TO the
liabilities of the State, thar the contemplated meas
ure is proposed And you may rest assured taa'
this session will not close without such action as
shall proven, continuance OF thiS sia'e OF aIars
II is estimated that the deficit. for The past hscaI
vear will amount TO nearly $500 600. Il should be
remembered however that the revenues deriVe'
from, the - 900 600 brought upon the grand lst oy
the operation of the law OF last winter FtsPec'ihs
capital in trade and money al interest Is not lcuucu
in the return for the fiscal year, leii-5 Ihis sum
will Weld $50 900 revenue. which next year VIII De
anplicable TO the payment OF interest ami VIII din'n
sh The deficiency If any should occur, to mat cN-
tent But il is not TO be supposed that tue delc'eu
cv for sl-6 will be great as tor the past isca
wear during which there has been a consueFaoc
falling OFF in the revenues on our pubic works az
,ributablc to several causes but principally TO the
failure of the crops OF some portions OF tue Staie II
is estimated and think moderately that at least
Sl25 900 more revenue will be derived Tor the pre-
sent fiscal wear from our public works tnan DURING
the last As much $4,000 will accrue from Tue
natural increase in our taxable property for the next
wear These items, assuming them TO he correct
will give US an aggregate increase OF revenue, lot
the current year of 2l5 o00 over the one JGsi closed
This will quite cover the deficiency
Still to put the matter beyond speculation and to
make assurance doubly sure the principle OF casa
valuation will be adopted or else new articles 10 the
amount of several millions brought upon the list It
either policy is adopted we shall be sure of sur
plus in our resources. may add that the advocates
of the proposition to brug new articles upon the
ground list propose at the same time to adopt
measures for the ad ralorem appralsement OF all me
real estate &c of the State. preparatory to action
upon the matter by the next Legislature
The credit of the State, at any rate, Will be taita-
fully maintained and future deficiencies will be fully
provided against, There will be no shrk'ng. no
;emporisng in the matter. Yours &c 5