The spirit of democracy. [volume] (Woodsfield, Ohio) 1844-1994, 1846-01-24

large amount Of our money in their
hands, by whom would the loss be sus-
taineIl By the state, the Treasurer
says. lfthis be so, how very easy il Is,
and how strong is the inducement. for
the Treasurer to deposite the moneys
with Institutions and men of doubtful
responsibility and character, and by
collision, defraud the state. Notwith-
standing the Treasurer refers to cer-
tain laws which, in his opinion, give to
him authority to make deposites with
banks, am satisfied there is no law
authorizing such deposltes. he law
of March %. lS40> provides that the
Treasurer shall not use, for the purpose
of disbursement or general depoSlte OF
the public fund, any banking instltu-
ton; and the i24th section of the act
providing for the collection of canal
tolls, passed on the same day, conflicts
with the general saIutary provisions OF
this law.
The 9Th section Of the law passed
April 8, 1887, to which the Treasurer
refers, is not now in force, and has not
been since 842. The act referred to,
was the general appropriation act, and
was temporary in It's operation. 1t
was revived from year to year, until
ls49, but since that time it has not been
in force; and there never was any law
authorizing deposites with individual
bankers. is only necessary to let
the fact be known, that the Treasurer
ha. adopted this plan, OF bank and IN
dividual deposites. to have it universal
y condemned by the people. intend
they shall know it. Unanswerable ar
gQments will suggest themselves to ev-
cry man, why it should be denounced
and Immediately discontinued. There
IS no security for the safe keeping of
the public funds; and the banks and IN
dividuals with whom i; is deposited,
can, and do, enrich themselves by spec
ulating 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 diff
ference in the statement of balances
n the Treasury, as stated by the Audi
tor and the Treasurer, is another object
of the resolution: these differences may |
De honest, but they should not exist,
md ii evidence of nothing else, furnish
1root that the books of the Auditor are
lot, as they should be, a check upon
he Treasurer; great careIeSsness exists
a one Office or the other, and II such
errors, aad DISCREPANCIES are to pass un-
noticed, opportunities will exist for the
greatest frauds upon the treasury
The Treasurer states the balance OF the
general revenue account, in the treasu-
" on the 18th Nov. last, to be $685.
3o9 90; the Auditor states it to be
SS6, jag 60, less than the Treasurer,
c166 SO. The balance Of interest
und account in the treasury. as stated
~ lhe treasurer, is S3,O49 40, and by
he Auditor, $4,000 81, difference OF
s88 SO. Differences on this side OF
he accounts may be ocasiened by
traits being drawn by the Auditor, and
lot presented; but the great difference
n the balances is in the surplus reve-
lue account. The Auditor states the
,alance Of this account in the treasury
o be S55,728 O6; but the Treasurer
tates it to be St4,499 Is, making diff
erence of $41,998 81, from which de-
uct part Of this fund, which has been
ppropriated to pay state scrip, held
" Trumbull county, Splits So, and
he balance is $l3,5l2 33, which is the
cal difference in the. accounts OF the
Treasurer, and Auditor. This differ
nee is made up in this manner: the
Treasurer credits himself with having
aid 100000 for the redemption OF
urnpike bonds; the Auditor says he
as paid but S9O,626 81, a difference
f S9,373 63. The Treasurer says,
e paid Fund Commissioners drafts,
rior to Nov. 15, 1914, S5s,523 66;
he Auditor says he paid only S55. 356
6, difference of IS, 80. The
.uditor says, there was in the treasury c
n the re-apportionment Of the surplus
evenue fund of 1870, S97l 10 of which $
lie Treasurer says nothing. The sum h
these differences is this, the Treas d
'er has credited himself with having n
lid out Sl3,5l2,33, more than has !
zen credited to HIM in the books of +,
e Auditor. Now who is correct, the
reasurer, or the Auditor? This treas o
-er's statement should be correct, for r
iding his balances together, they t
AXE the sum of $2o4,l6l 10, the r
mount in the treasury, or rather in d
lie keeping of banks and bankers, on G
VA tEth Nou loct &c apne.rc hv hic