Gallipolis journal. [volume] (Gallipolis, Ohio) 1837-1919, 1851-09-25
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0hss Flnances-8esais q Wink Esie.
While the Ohio Satemsan and our opponents
generally are lsuding their candidates ioE tneh
radical democracy, and expect to rally the par
ty to their support, for no other reason inan On
purely party grounds. the Whig' san point
with pr;de 10 ,he real service they have done
the State.
The prosperous condition Of the financial a.
fair, of Ohio, are very properly spoken OF In
.b. annexed article from the Cleveland Herald
The benefits resulting to Ohio Tax Payers from
Whig rule, are clearly presented Iy the facts
The Herald says:
In the financial condition Of Ohio, every
citizen Of the State is interested. as dollars
and cents are OF no little importance to all.
The management Of our finances, and the
credit Of our State, under Wing rule, have been
all that the citizen. most jealous Of the good
reputation Of Ohio. could desire. A few facts
and figures may not be uninteresting to our
readers.
In 1876, the State debt was less than FIVE
millions and half In 1910, it bad been in
creased to more than fourteen millions. In
1871, il was fifteen millions, and the whole
Sinking Fund of more than two millions Gb-
sorbed In 1874, nineteen millions, and in
IS45, twenty millions.
In IS45, when the Wings obtained control
Of the finances, the State debt amounted to
more than twenty millions, including the TEN
porarv debt incurred for interest, and the out
lstanding checks for repairs Of the pubic works.
More than two hundred thousand dollars Of
checks and certiIc Icates were outstanding,
which had 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 shavers, by the
contractors and laborers TO whom they had been
issued. The revenue system was unequal and
oppressive. Auditor Brough had for several
years urged upon the Legislature the necessity
of a more Efficient tax law, but his party
friends turned deaf ear to his appeals. The
State stocks were largely below par, and proml-
lnent politicians openly advocated measures d.
rectly leading to repudiation, which was apprs.
hended by the people, The funds necessary for
the payment Of the interest upon the State
debt. had been for several years deficient more
than two hundred thousand dollars per annum
With six wears of Wing ascendancy We have
now. cash paid on demand for all dues OF the
State: an equitable and just system of taxa
ton, which Is deservedly popular with all par
ties: ample resources TO pay the interest anC
reduce the principal of the State debt seyera
I. hundred thousand dollars per annum; Ohl'
stocks fifteen per cent. above par; the toll
4 unon the State canals reduced twenty per cent
and the amount received increased, notwith
standing the strong competition Of seyera
lrailroads. and two millions and seven hundre
thousand dollars Of the State debt paid.
The above statements are worthy Of the ser
GUS attention of men Of all parties. Many {
}, our readers will remember the jealous efori
made by the late Auditor. Mr.. John Brough,
bring his party up to the work Of passing ne
tax law. HIS party refused, and some OF i
leading spirits openly avowed the odious do
Q trine of Reputation. Under this state
things the Wings came into power; eleetG
Mr.. John Woods. Auditor; passed an exceller
tax law: euualized the assessment Of tax
upon property; held public officers to a stri
accountability; and from that dav the credit
Ohio has been equal to the credit Of any Sta
of the Union. 1t is with the honest, intel
gent freemen Of Ohis, to determine on 4
second Tuesday Of October next, whether
fai hfuI public officer Who is familiar with I
leomplicated duties of the Office Of State Auc
tor, shall be continued, or the Office pass IN
the hands Of mere partizan, who is thorough
unacauainted with the cares, duties and n
possibilities of Auditor.
For six years Mr.. Woods has bean Audit'
and has devoted his time and talent to its mi
tiplied cares. His experience is worth tho'
ands to the State, and the coming winter. wh
the legislature meets, his counsel and advl
as the financial officer of the State, to memb
will be invaluable. His defeat would be inde
a calamity, and we cannot but hope that he v
be elected by large and decided majority.