The spirit of democracy. [volume] (Woodsfield, Ohio) 1844-1994, 1847-12-18

ms lHe very CiTcumSlantla and aOle
communication Of the Auditor will i'm.
mediately be laid before you, showing
our revenues to be in a highly prosper
ous condition, | shall content myself
with the following brief statement Of
the receipts and disbursements of the
fiscal year ending on the 18th day of
November, l847.
RECEIPTS.
General revenue received from tax
es levied on the grand list, and
incidental items during the fiscal
year, 1S47, 81, 2O2, 52S At
Tolls and dividends
received upon ca
mails, turnpikes and
public works Of
the State S27,6 IS
Tax upon Banks. In.
surance & Bridge
Companies 4l,74s So
Surplus Revenue,
principal repaid by
the counties loI, 1886 10
Interest. upon Sur
plus revenue paid
by the counties to
Common School
Fund s6,379 O6
Receipts for canal
lands sold and 9TH
er items 5s,e42 40
Total payments into the treasury
applicable to the annual expenses
Of the State Government and In.
situations, repairs OF the Public
Works, payment of interest on
the State Debt, and to the Sink
DISBURSEMENTS.
Paid upon appropriations for sup
port of State Government and
State Institutions during the year
ls47 $2lo,2 5 AZ
Paid for support of
Common Schools pol 1919 81
Interest upon State
Debt, foreign and
domestic, includ-
ing exchange and
expenses paid 1,l75, III 81
Repairs and contin-
g gent expenses up
on Public Works 81, 568 Is
Amount Of payments for the ordi-
nary annual expenditures of State
during the year $1,000, 1855 81
Balance, being surplus applicable
to the payment of the Temporal
~ and funded debt Of the State $409 1920 Al
In addition to the above, there has
been paid into the tTearury, on
account ofschooll lands and other
trust funds and proceeds of loans
and bonds issued, the sum OF $237,l45 rs
Payments have been made from
these funds to the amount of 1881 OIL
Leaving the balance OF the re-
ceipts of tie trust fund over
the disbursements SlIs.sO4 rs
Domestic Bonds to the amount OF Sis, 1888 70
have been redeemed during the year ls47, at the
treasury. .
The total amount of the balances Of the several
funds 10 the treasury at the close OF the fiscal year,
on the 18th November, ls47, was $4s4,26l 70.
This cheering epitome Of the fiscal
affairs of the State, and the highly pros
porous condition Of all her industrial
interests, Indicate the present as the
long.looked for and suspicious period
to begin efficiently the payment of her
debts. And accordingly earnestly re-
commend that the Sinking Fund be in
creased from twenty-five thousand to
not less than two hundred thousand
dollare, per annum.
Our new Revenue Law, so much for
a time misunderstood, commenting it.
self by its wisdom, fairness and efficacy,
to the deliberate judgment and integri-
ty Of the determined, Understanding,
and debt.paying people of Ohio, has at
length fairly lived down all opposition.
1t has equaiized our burdens, filled u
treasury, and sustained our credit on a
proud eminence amongst the states and
nations of the earth.
The act to incorporate the State
Bank of Ohio and other Banking lnsti-
tutions, has thus far realized the expec-
tations offs trainers. 1t has gone very
generally into operation, dispensing.
throughout every district Of the State,
those facilities which the e~xigencies Of
modern commelc e demand, affording TO
the people a convenient, sound and con-
vertable currency. and paying even
more than its equal share of the taxes
of the State.
The amount received from soles Of
Canal lands during the year proves the
wisdom of the law recommended and
passed last winter, making a deduction
Of one-third in favor Of actual settlers,
and limiting the sales to not more than
one hundred and sixty acres to one in
dividual.
The Legislature Of Virginia prompt
ly met the proposition Of the last Gen.
eraI Assembly Of ihA State of Ohio for |