The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1847-12-25

and Bridge Companies. 4l,74s So
Surplus Revenue principal
repaid by the counties. l0l ,e35 aS
Interest upon Surplus Reve-
paid by counties to
Common School Fund. so,37s o6
Receipts for canal lands sold,
and other items oS,ss1 w
Total payments into the treasury sppioa-
bic to the annual expenses of the State
Government and Institutions. repairs Of
Public Works, payment Of interest on
the State Debt, and to the Sinking
Disbursemenis
Paid upon . appropriations for
msnt and State Institutions,
during the year lS.7 $40 $50 "a
Paid for support Of Common
Interest sUUs'' upon State Debt, for '''' 81
eign and domestic including
exchange and expenees paid. 5ll7 81
Repairs and contingent expen-
SOS upon Public Works. 80. BAT sos IL
Amount of payments for the ordinary an
the year. ....... ...... 81, eo4,as5 81
payment Of the temporary and funded
In sSSition mt to the above there h.. been 'V' CIV
paid into the treasury, on account Of
school lands and other trust funds, and
proceeds Of loans and bonds issued, the
Payments have been made from these funds
to the ar cunt OF. 1884 OIL
Leaving the balance of the receipts Of the
trust funds over the disbursements. $lls sO4 IS
Domestic bonds to the amount Of $llo,ss3 70 have
been redeemed during the year ls47 at the treasury
The total amount Of the balances the several funds
in the treasury at the close of the fiscal ysa on the
18th ofNov, ls47, was $49l 26l 10.
The balance In the Treasury at the close OF the fiscal
year. ls45, $2O4 1896 S2476l7 Is47 $494 282
The aggregate In 1886 including the balance at
the close of s4b 50 s45 and the expenditures
q a nutn LIMIT.
larger expenditure than during the past year. The
of the public works of Ohio have been as an
nexed:-
PusLIc Works OF ONO.
Amount of o, ,5sss1s s So, ,J lsG 49, ~ ga
The operation of the taxation system recently adopt
ed by the Legislature Of Ohio, has been so favorable
that sinking fund of nearly fifty per cent Of the
derived from the public works be apart this
for the extinguishment of the state debt The in
crease In taxable property In the State rapid that
In few years we have doubt the entire net income
from the public works can every year be added to the
SINKING tund for the payment Of the State debt. The
income from the mill tax for the general revenue from
the Oh mill tax for the State debt and from the ons
ha mill tax Tor schools, In 1916 was So9s 500 and In
ls47 81 showing an increase year of s2o4
o9 Inc tax levied Tor the purpose Of raising revenue
for the payment Of the interest the State debt ana
plus of $o2a after paying the interest This year there
was q surplus OF about four hundred thousand doars
The establishment Of sinking funds by States Is ALWAYS
attended with great deal Of difculty and they are
sources Of trouble after Tho only proper method
for any State to dispose Of its surplus funds In the
purchase of Its liabilities in the Market at tne mar
ket price, If not above par That the safest and sursst
sinking fund any State create The Legislature of
Ohio would do well to take this subject into consdera.
ton that they have surplus to dispose Of
The people Of Ohio have to congratulate them
selves upon the prosperous condition Of the public
works. The State owns six canals viz:-The Ohio
and Erie canal, the Wabash and Erie canal the Miami
canal the Muskngum locks the Hooking looks and the
Walhoning locks.
In addition to these there two large canals within
the state owned by corporate companies Pennsyi
vania and Ohio and the Sandy and the Beaver-both
connecting the works with the Ohio canal
The canals in all about nine hundred miles in
length. or the eighty four counties into which Ohio
is divided, there only ninsteen less than enc
fourth which not on the line Of railroad, the ma.
tonal road the shores Of Lake Erie the Ohio
or which IN other words are strictly interior.
The effect Of these advantages is SUCH with the great
natural fertility of the State that Ohio has already
density of population equal to fortyave square
mlssufacently dense TO make In future the railroad
system very profitable.
The principal works Of the State productive pro-
perry and all of them have added TO the value Of the
land, Of the State vt least ten times their cost Ohio
has to regret apy PAT: Of Der pSoy state
which, 10 hfty yesss has risen rcm the Wild woods Ia
eepals'icn 81 nearly i've m'lliens Is peers.. AMI