Fremont weekly freeman. [volume] (Fremont, Sandusky County, Ohio) 1850-1853, 1851-09-20
The Finances Of 0hin.

The CleY Yelandz Herald presents the follow
ing facts and figures on the Financial condition
OF Ohio, and as it is a subject in which every
citizen of the State is interested, we transfer
its remarks to our columns:
In 1885, the State Debt was less that five
millions and a half In 1910, it had been in
creased 70 more than fourteen millions. In
164l, 1t was fifteen millions and half In
/ l842, nearly seventeen millions, and the whole
Sinking Fund of more than two millions ab-
sOr6ed In 1914, nineteen millions, and in
1845 twenty millions.
In l845, when the Wings obtained control
of the finances, the State Debt amounted to
more than twenty millions. including the tenn
porary debt incurred for interest, and the out
standing checks for repairs of the public works.
More than two hundred thousand dollars of
checks and certificates were outstanding which
hrd been issued for repairs of the public
works, at from fifteen to twenty FIVE per cent
above the cash value of the work These
checks and certificates were hawked about
among the banks, brokers' and shayerB, by the
contractors and laborers to whom they had
been issued. The revenue system was une-
quail and oppressive. Auditor Brough had for
several years urged upon the Legislature the
necessity of more efficient tax law, but his
| party friends turned deaf ear to his appeals
The State stocks were largely below par and
prominent politicians openly advocated meas
ures directly leading to Reputation, which was
apprehended by the people. The funds nee
essary for the payment of the interest upon the
State Debt, had been for several years deficit
more than two hundred thousand dollars per
annum. a..G a -s a-.g '-e
With six years of Wing ascendancy we
have now cash paid on demand for dues by
the State; an equitable and just system of tax
alton which is deservedly popular with all
parties; ample resources to pay the interest
and reduce the principal of the State Debts sew
eral hundred thousand dollars per annum
Ohio stocks fifteen per cent above par; the tolls
upon the State Canals reduced twenty per
cent and the amount received increased, not
withstanding the strong competition of several
Railroads, and two millions and seven hundred
thousand dollars of the State debt paid.
The above statements are worthy of the Sc
rious attention of men of all parties Many
of our readers will remember the jealous eff
forts made by the late Auditor, Mr. John
Brough, to bring his party up to the work Of
passing new tax law. His party refused,
and some of its leading spirits openly avowed
the odious doctrine of reputation. Under this
state of things the Wings came into power;
elected Mr.. John Woods Auditor; passed an
excellent tax law: equalized the assessment Of
taxes upon property: held public officers to a
! strict accountability; and from that day the
credit of Ohio has been equal to the credit Of
any State in the Union. It is with the honest
intelligent freeman of Ohio. to determine on
the second Tuesday of October next whether
a faithful public officer, who is familiar with
the complicated duties of the office of State
Auditor, shall be continued, or the office pass
into the hands of mere partizan, who is
thoroughly unacquainted with the cares, duties
and responsibilities Of Auditor
For six years Mr. Wood has been Auditor,
and has devoted his time and talent to its null
tlplied cares. His experience is worth thou
sands to the State; and the coming winter,
when the Legislature meets, his counsel and
advice, as the financial officer of the State, to
members will be invaluable His defeat would
be indded calamity, and we cannot but hope
that he will be elected by large and decided
majority. Gin Atlas,