The Lancaster gazette. (Lancaster, Ohio) 1846-1852, 1847-09-10
RECAPITULATION.
Present Debt OF the County.

fTcbcnL OepL VI ~ OOuu'y
Due the "Ohio Life Insurance & Trust
Company $ll, 688 5O
Balance due Lancaster Ohio Bank" 1889 81
$I2,877 81
Resources applicable to the payment
of the above debt when collected.
Balance of flank Stock held by county $15,550 GA
Bonds and Mortgages; -.--......-. 5000 90
$23,550 Ga
Which sum it will be perceived is am
ply sufficient TO l%iqnidate the above
debt,and leave a surplus of...-.... 1862 80
which surplus may be applied to the pay
ment of the Surplus Revenue" to the
State, if the county should deem it best,
in order to free herselffrom the response
bilily Of paying FIVE per cent interest on
the amount.
Total amount o payments which have
been made on the Public Debt"
since March LIST, 1915, to january
18th, A. d. l847, $56,309 SO
$33,073 80, OF the above was paid III
cash, the balance being paid by
transfer of stock, in the Lancaster
Ohio Bank" Aud in the last five
years the county has paid to the
State, the sum Of. ..-.........--. 1886 70I
being five per cent interest on the amour,
of "Surplus Revenue received from the
State, which became unproductive by
the suspension Of the Bank, to pay divi
dends, and the county having in good faitl
undertaken tho management ofthis fund
they are bound to pay the interest on the
amount.
1t has been said by some persons
whether with pure or impure motives
that tho present "Board of Commission
crs," levied high taxes and paid none
of the public debt. Wherefore | have
been somewhat explicit in giving
the dates, and the names of persons tC
whom payments were made; and if any
person should doubt my statement, they
are respectfully referred TO the persons
themselves. At this time, | do not deem
it necessary to 60 back and examine into
the cause of the Indebtedness ofthe coun
ty. 1t has been only a fow years since
when States, counties, and individual
were very wild in their calculations, and
most of our sister counties have fount
themselves in tho same situation with our
selves. But, it is to be hoped that pas
experience has taught us a good lesson
and that for the future, we shall guart
against mourning another public debt up
on this county, However plausible the
object may be, even a Rail road scheme
should not tempt us. am satisfied tina
it is the wish Of every public officer o
the county, to see tho county free fron
debt, and the present Boad of Commits
%sionors have deemed it prudent, and th'
best policy, to levy a tax to pay u portion
of the principal and the interest of thu
debt each year, and inthe coming autumn
we shall he able TO pay most of the deb
due the "Ohio Life Insurance and Trus
Company" and the Lancaster Ohi'
Bank" aud then we shall have nothing t,
provide for but the payment of the "Sur
plus Revenue" back TO the State, whicl
will not be very pressing upon the coun
ty, and then the taxes may be reduced 70
county purposes very materially and the
we shall have the satisfaction of declarin!
the county free from debt.
There are some other matters which
do not deem it necessary to notice at thi
time, dceming it below the dignity of
public officer TO notice low insinuation'
which are made through the public pres
under a false name.
The county holds stock in the "Zane'
vile and Maysville Turnpike Road Con
pany" to the amount of $33, 100 90, whic
has never produced n centto the cour
ty by way of dividends.
A. McVEIGH,
Auditor of Fairfield Count,
Lancaster, August &c, 1S4I.
DIED IN JAIL.-Freeman the negr
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