Portage sentinel. [volume] (Ravenna, Ohio) 1845-1854, 1847-10-06
From the Cincinnati ENQUIRER.
State inances-ReductiOn Of the State
''s. - Debt.


The remarks which we made, on the goth
ult upon the electioneering statement of
the public finances, put forth by the State
Auditor, have somewhat annoyed the editor
Of the Ohio State JoMrnai-and he has TAX
en- two or three occasions to refer, though
not to reply to them. The point we made
in that article was, that the only valuable
improyement in the State finances, arose
from the increase Of tolls upon the public
works, during the past and present year
and that this was mainly attributable to the
democratic policy Of the general govern
Gnent, upon the subject Of the tariff-whig
rule in Ohio having done little else than a.
vail itsolf of this great increase of canal
revenues, and at the same time add some
ten per cent. to the taxes Of the people -
Thispoint the Journal finds it conv enient
70 pass over in silence; and prefers instead
10 run contrast between the financial ad-
Ininistration of the democratic and whig
parties From its first article we extract
the following:
What we sscharge or insinuate'' is, that
under. Locotoco rule our State debt was in
creased-whereas under q whig admins
ara.ion, there ceases to be such increase,
and moreover provision is made for its
gradual dininution and ultimate extinction.
IT Mr.. Brough vii, show that during the
six years he administered the finances Of
the Suites, one dollar Of the State debt was
paid, or provision made for its payment,
We will yield the point, and acknowledge
yourselves ssinstructed." fhe will show US
that there was a year Of that time in which
the public debt was not increased, we will
be obliged to him for the information. If
he fails to do these things, he must not
complain five contrast the whig policy
with that which prevailed when bis party
wasin Pewer. Nor has he any cause to
complain ofas, If such comparison is unfa-
vorable to the political party of which he
ia leader.
alludes to the matter. and uses this languages:
a1po Hundred and Fifty IAousand Dol
lass!-This is snug little sum to be rak-
ed together in one year, to be applied un-
der the whig administration of the State
government towards reducing the State
debt; and thus save the necessity oflevying
taxss in future years for paying the inter-
ct on that sum. Let this policy be adher-
ed to for a few years, and those who are
now children may perhaps hear their ia
thers refer to the time when the State of
Ohio was t.senty millions Of dollars in debt!
--Just as the young people now hear Ma
Peieon sbopaparte spoken of. and the war
Of asi2. T.so hundred and fifty thousand
dollars .ssH do pretty yell for one gear!
AZ to the first of these scharges,'' we dc
not propose to notice it 'to-day.Sbut it shall
not be lost sight Of. 1t is made in rather
q broader and more tnngible form, by the
Huron Refector,-whose article is approy-
cd by the IoGrnal, and we shall early an
ply to il the test of the documents. AT
present we design noticing the remaining
portions Of these extracts, and the glorifca-
ton that il made over the reduction of the
public debt. As we shall be compelled to
apply to these points the test of figures, we
beg the render to examine them carefully,
and not deem US tedious in their exhibition.
And first, for the s'instruction'' of the ed
itor of the Journal, we advise him, that by
references to the documents he will find that
during the year I643, the democratic Au-
!ditor and Fund Commissioners reduced the
public debt S32, ,759 4e,-by the applica-
ton to it of the proceeds Of Wabash and
Eue, and Miami Canal Lands. That du-
ring the year 1914, they reduced it, $64,-
S45 O2,-of which $3l ,345 OF was the
Procaeds of the same class of lands. and
@SS,0Oo of foreign stock, purchased in tho
sprmg OF ls4S, with $25,ooo Of sinking