Portage sentinel. [volume] (Ravenna, Ohio) 1845-1854, 1849-02-14
From the Cincinnati Enquirer.
The Payment of State Debts.
Pleased with rattle-tickled with a stra,

/ Pleased with rattle-tickled with a straw
The Secretary of State has published
his annual Report, and the laudations OF
our whig cousins of the press have broken
out afresh. Neuer was such wonder as
this payment Of four hundred thousand dol
lars on the principal. Of the State debt
never was the state bls ID with such wise
and frugal and long1 cd and pure-heart-.
ed rulers as this Bud SSrsalm has en-.
ljoyed in her 3linsey-woolsey' King, w oods :,
and his shadow, Gov. Bebb, whose pecul@
lar ashisssment. j. vas e lght Che Peniss
trentiary With gas =
We have no idea 10 bring Madam Ohio
down In this good opinion Of her honesty
in the matter Of paying her debts. 1t is q
state OF mind leading to ereditable results
and worthy Of constant encouragement
Perhaps ifla basne Estada has done no.
thing very distinguished or miraculous yet,
she may achieve wonder at the next tri-
al. We rather regret, therefore, that our
'linsey-woolsey King in his usual fat
footed, blunderlng way, has let pussy out
of the bag, in his Report, and given folks
reason to suspect that this payment was
not so prodgious an achievement as they
were anxious to believe il.
Every one remembers the scene in
Rschelieu, where the stern ole cardinal up-
braids DeMuuprat;
tRaehsliem-You owe eight thousand
crowns, minus one hvre.
'DeMamprat-(Aside.) The old con-
iurer!
tRich.-This is scandalous!-I tell you,
sir, you must pay your debtsE
sMau.-Wlh all my heart, my lord;
-aohere shall IborroaO, then, the money!
'Rich.-( Aside.) Ha, ha!-A humor-
Gus daredevil
[By the way, we have had occasion TO
doubt whether the Chevalier DeMauprat
didn't hook this idea from one Cuffee Cato,
respectable African OBJ color, who being
told that such person had deceased, leav.
ing an insolvent estate, lamented his infat-
uation-"Why de de5il he no 5orrov
money, pay he debts, and die like manH'
But this is probably only one Of the COIN
cidences common TO great minds.
By the provisions OF a law for the crea.
ton ofa Sinking Fund, the Surplus Reve-
nue., hitherto loaned to the countes.is With
drawn from them, and made payable by
stated installments, into the State Treasu-
ry. But the counties are still entitled TO
receive back from the state, certain in
terest upon this money-so chat tn effect,
it is borrowing by the state from the seve-
raj counties. Now, The amount received
by the state ON account of these payments,
during the year, principal, with interest on
on that still unpaid, was $294,36 less by
$ll0, AIS, only than the boasted payment
on the state debt. We see, therefore, where
our "linsey-woolsey King' borrowed so
much of his money.
Looking little further, we find that
there was surplus to begin the year Of
S494 ,698, while the surplus at the close
of the year was 1926, ,45l; less by $685.
247. And we find also the further fact,
that the levy of 1s4s aoas increased Of a
mill over the tax of ls47, $1,24O,0OO, H.
gainst 81, 132, 1893 in the previous yenr; an
increase OF means of $lG7 ,602. Suppose,
hen, we state the account thus:
Amt of Surplus Rev. from Cos, $2s4,36
Different Surplus in Treasury, 6s,247
Excess Of Taxes this year, 1O7,6o2