The freeman. (Fremont [Ohio]) 1849-1850, 1850-03-16
HnMal Report OF the Auditor of
state Tor the year 1s40.

ot interesting information to the tax.nav;no
citizens Of the State. and also much that will
iaserest The citizens Of other States. We ex.
Ast from il the following facts and state,
m5nEs
The creceipts into the treasury. dur;no the
year ending November IS. ls49. amount.
81 to the sum of S2,5illlg 81
Expenditures. 2ssa.I35. "a
Bal. IN Treasury Nov. Is, .4s. 426.45Is7
Bal. 10 Treasury Nov. Is, 40 555435 1L
Oftlla receipts, the sum Of $l.238.64s o2
was reca:ves for taxes levied on real and ner-
senal pr 7nerty, including arrears on delinquent
and forfcite nds. The sum of $I9.257 SO
vas received for taxes on professions. pedlafs
foreign Insurance companies and auction dn.
ties. The sum s53, 1862, So fortaxes on ba, h
The sum of S72o,272 AZ for canal tolls water
rents and Eness the sum of S42,l95 o. for
Nanonal roa5 tolls, and $lo,s9s for Western
keserye and Maumee road tolls; the sum OF
@S6,ok9 10 for dividends on turnpike and ca
nal stocks, and SO, 400 As for brokers' licenses
vi the expenditures. the sum of 81, 1926, ,35s
% was paid for interest on foreign debt in N
York; the sum Of SAC. .0S0 90 for repairs on
canals and Naskingum improvement; for re-
pairs on National road 81 /, ,6e0 40; for inter-
est on domestic bonds $50, ,s2l %, and for in
te-ost On special school ana trust funds the
sum Of s3l, $40 ls.
fsornt..is statement the finances of the state
may truly be said to be sin good and -four
ishiug condition"
IN consequence of the cholera and the great
failure Ct the wheat crop. tolls upon all the pub
ac works and the dividends upon canal and
turnpike stocks fell below the receipts of last
year thesarn of $35,722 55-much less than
Was anticipated
he total value of taxable property on the
grand list of s4s was s42l, ,o67, ,ssI, on which
was levied for State purposes 81, ,265, ,769, all
of which, save the sum of S42,646 Al, was
collected and paid into the treasury the last
year--showing the delinquences, losses, and
expenses of collection less than three and one
halt per cent on the whole amount of the levy.
This furnishes gratifying evidence of the pros
perity OF lhe State, and the good faith of our
cit;zens.
The receipts of the year exceed the expen-
diturcs By the sum of $344, ,43S 50; deduct
ing taerefrom the special school and trust
funds received, and there is lef; a balance of
s285, 743 81, applicable to the reduction of the
state debt. In addition 70 the balance in the
Ptrcssury, of S555, 4s5 40, there is in the hands
OF the fund commissioners the sums of $73,-
s04 55 for payment of the January interest,
and S206. 1912 o8 for the purchase of state
bonsls-being the surplus revenue moneys re-
paid by counties.
The report also sets forth: That theopera-
ton Of the present system of taxationis highly
satisfactory, and no important changes are
deemed necessary.
The amount of real taxable property on the
grand list IN 1s44 was $l07, ,I42, 125; inIs49
it was SS35,e3as 3Il, The amount of per-
so,zok taxable property "a s44 was $29, ,ooo,-
5 n, and in 1919 it was $95,oe0,o74. Total
value Of real and personal property in 1874
was $I esI42. Sc, and in 1916, $43e, 739 ,0s5
The rate of State tax in 1914 was mills; in
Is45the same, in lS49 mills; in Is47 it was
Il mills and 1913 mills The amount of
state tax levied for the last six years was s6,-
S56,975 06, and the amount collected $6,eGl,-
97lS7 showing the total amount of losses, de-
linquenees and costs of collection during the
period of six years, less than three per cent
upon the amount levied. What other State
can show greater promptitude on the part of
her citizens, in the payment of her taxes, and
greater simplicity and economy Of her fnan-
cial sys.em
The tax law of 1871, as amended in I847,
: required the amount of the annual rents re-
served IN leases in fee or for one or more lives,
or for 3 term exceeding fourteen years, to be
returned by the assessors and placed the
duplicate, at principal sum, the interest of
which at six per cent. would produce sum
equal to such annual rents.
Ia accordance with this law more than one
million and a-half of dollars was brought upon
the duplicate in the city of Cincinnati alone.
In Is4e, an amcndatory act was passed,
which the Auditor says renders almost nuga-
tory the PROVISIONS Of the former acts requiring
such rents to be. returned for taxation. He
further s4ys-
The multiplication of long leases under
which real property is in effect tied up in per-
petuity, and large incomes are secured with
out the payment of any tax or charge thereon,
would be highly detrimental to the welfare of
tie state; and if no permanent law can be de-
vised for Ievying fair and equitable tax up
OH such rents, and compelling their recipients
81 bear their lust proportion of the public bur
6.ss asas,G ,5olicY asd the highest Interests of
!9g5ple require that the right thus to en-
..naber and entail the most valuable portions
81 the real property of the state, should be
regulated and restricted by sufficient legal en-
actments."
The total amount of estimated receipts for
1880. is S2,664.O 900 90: and the total amount
Of estimated expenditures IS S2,l85,375 2l-
leaving balance in the treasury at the close
of the year, November Is, 1885, when added
10 the balance on hand, of 81 ,034,06 10
The money in the treasury Nov. Is, l849, and
IN the hands Of the fund commissioners the
Auditor says. '.is sufficient to reduce the state
debt more than half a million" and he esti-
mates reduction of $4,000 on the interest
pavabIe in New York the next year.
For several years the amount of common
school fund annually distributed, has been
100000. and the Auditor recommends that
Il be increased to 100000, which could be
urodueed bv the addition of one-hfth of mill