The Kalida venture. [volume] (Kalida, Ohio) 1841-1865, 1846-01-22
WHOLE NO. $50.

dUeT, 10 introduce TeSOlullOD, Authorizing
the sale of the broken bank papsrin the Treas
ury, and providing that, whatever the loss
may be, it shall be sustained by the Treas
urer. For the principle is TO be established,
that the state must sustain the loss of all the
counterfeits that may be received by the
Treasurer-ofa all the depreciation on all the
bank notes he may see fit to receive--of any
amount his particular depositors may con-
ceve it for their interest 10 retain--or,. by
failure, be unable to pay over, we may as
well open the doors of the Treasury, in Of
der that it may be plunderod by others than
the Treasurer and his peculiar friends.-
Where is the necessity Of laws regulating
the receipt and disbursement of the public,
funds, when they are every day disregard!
and why do we not take bond from the
banks and the bankers, instead of the Treas
urer of State, if they, and not he, are the
treasurers? In case Prentis Dow g. Co., or
the Bank of Wooster, should fail, with a
large amount of our money in their hands,
by whom would the loss be sustained?-By
the state, the Treasurer says. If this be SO,
how very easy it is, and how strong is the
inducement, for the Treasurer to deposie
the moneys with institutions and men of
doubtful responsibility and character, and, by
collusion, defraud the state. Notwithstand-
ing the Treasurer refers 10 certain laws
which, in his opinion, give to him authority
to make deposes with banks, am satisfied
there is no law authorizing such deposites.
The law of March %, 1910, provides that
the Treasurer shall not use, for the purpose
of disbursement or general deposite of the
public sfund, any banking institution; and
the l24th section of the act providing for the
collection of canal tolls, passed on the same
day, conflicts with the general salutary pro-
visions of this law.
The 9th section of the law passed April 8,
1887, to which the Treasurer refers, is not
notO in force, and has not been since 1912
The act referred 10, was the general appro-
priation act, and was temporary in its opera
ton. 1t was revived from year to year, until
ls42, but since that time it has not been in
force; and there never was any law author
izing depostes with individual bankers. Il
is only necessary to let the fact be known,
that the Treasurer has adopted this plan, of
bank, and individual depostes, to have it
universally condemned by the people, in
tend they shall know it, Unanswerable ar
guments will suggest themselves 10 every
man, why it should be denounced end imme.
diately discontinued. There is no security
for the safe keeping ofthe public funds; and
the banks and individuals with whom it is
deposited, can, and do, enrich themselves
by speculatng and banking with the peoples
money; and it is hardly to be supposed that
in dividing their profits, they will forget their
friends.
To learn the cause of the great difference
in the statement of balances in the Treasury,
as stated by the Auditor and the Treasurer,
is another object of the resolutions: these
differences may be honest, but they should
not exist, and if evidence of nothing else,
furnish proof that the books of the Auditor
are not, as they should be, check unon the
Treasurer; great carelessness exists in one
Office or the other, and if such errors, and
discrepancies are TO pass unnoticed, oppor
tunties will exist for the greatestfrauds upon
the treasury. The Treasurer states the bal
ance of the general revenue account, in the
treasury OH the 18th Nov. last, to be $685.
30S 9S the Auditor states it to be $S6,l42
81, less than the Treasurer, $l66 80. The
balance of interest fund account in the trea-
sury, as stated by the treasurer, is 5000 40,
and by The Auditor, $4,000 81, a difference
of $Ss SO. Differences on this side of the
accounts may be occasioned by drafts being
drawn by the Auditor, and not presented; but
the great difference in the balances is in the
surplus revenue account. The Auditor
states the balance Of this account in the
treasury to be $55,72S 06; but the Trea-
surer states it to be $l4,499 Is, making a
difference of $4l ,22S 81, from which deduct
part of this fund, which has been appro-
pratod to pay state scrip, held by Trumbull
county, $27,7l7 So, and the balance is $l3,
5l2 50 which is the real difference in the
accounts oft the Treasurer, and Auditor. This
difference is made up in this manner: the
Treasurer credits himself with having paid
100000 for the redemption of turn
pike bonds; the Auditor says he has paid
but $90,626 81, difference of S9,373 90.
The Treasurer says, he paid Fund Commits
sioners drafts, prior to Nov Is, 1874, $685.
523 96; the Auditor says he paid only ss55,-
356 36, difference of $3,l67 80. The
Auditor says, there was in the treasury on
the re-apportonment of the the surplus reye-
nue. fund of 1910, $97l DO, of which the
Treasurer says nothing. The sum of these
differences is this, the Treasurer, has credi-
ted himself with having said out $l3,5l2
33, more than has been credited to him in the
books Of the Auditor. Now who is correct.
the Treasurer, or the Auditor2 The Treas
urer's statement should be correct, for ad-
ding his balances together, they make the
sum of $204,16l 10, the amount in the
treasury, or rather in the keeping of banks