Carroll free press. [volume] (Carrollton [Ohio]) 1834-1861, 1854-01-12

Ies

/ ~"~H T. y Nst%t VI El4,IIll lGb
/ This Is an anBual burden. equal to oue.h al
the value Of the whole S'ate CIV wears aso
and requires tax Of S25 on every voter. and
81 nearly SIX dollars on every individual in tie
statel When burdens become 50 ousrous. il
Is propeF that every outlay should BE- examih-
ed with the slrictest scfAtisv.
Ny predecessors have had frequent occasion
% remark upon The safety ard dsspatch wnh
"hich ihe .sxes are livled, collected and dis.
bursed. bo tie County and States Ofic-rs.-
DeiaicaIions have been o. rare occurrence -
Our Treasury system has, therefore. served -
a model for other States. and IN mlny respects
fer the General Government.
A practices is said to have grown up il ma
ny OF the large town. hogeve-, II Banks snl
Brokers paying interes; OF deposits. The
State surely mas no objection 20 this when con
lined to The transactions Of private individuals
But Il Is also charged that these establishments
sometimes become the depositors Of public OF.
heers, and tha' i re sums are thus re4Ilzed bv
speeuIallng upon the money Of the people
These representations may have their origin in
mere suspicion. bnt theg have called forth a
feeling OF dissatisfaction and alarm, that can on
" be allayed By the adoption OF such meas
ures as will present the posi- ilily Of so dan
geroas apraetice. The present statues are
detective IN this particular and require revision
The public money should be guarded With the
utmost care, and all application, oft, except
to the purposes Tor whiel il was raised, should
be strictly prohibited by law.
An objection hes sometimes been made 10
al. I, =, al. = Il
people. This objection, when examined, will
be folnd to be without any real foundation
10 this state, as already observed, tie reyen-
ues are chiefly r1ised from direct tar alion Of
certain well known purpose4, anil PAYABLE at.
periods entirely within the control Of the l.cis-
lature At 40 psrioi is i; necessaay to keep
any considerable amount on hand. while our
treasures might most of the time convenient
ly. be empty. Under these circumstances
there surely can be no difficulty in 50 modify
ing the laws. that all danger of defaIcatiOn or
improper use Of tie public funds will be avoid
ed, AMI the money of the people at the same
iIn-, De left in their own ptcke 8. until require
Cd for the public service.
You will perceive Lhe necessity Of these re-
marks, intimately connected as they are, with
ur public deb, end its final payment.
The entire deb; OF the State, outstanding
Nov. 10 ID, 1853. was as follows.
FORxTax.
Five per cent stock payable Jznu-
AIRY lst. 1877. $4,000 O,0u
Five per cent stock payable "
1sl, 1866. 1.025 o00. 900
Total five per cent stock. Sl.175 600 90
Six per cent stock pay Jan lst,
1857 3.e9o 1873 %
Six per cent stock payable 1st, ,,
1861. s.G66. 1886. So
Six per cent sock payable Ist ;,
1861 ,i83 .53l, ,93
Six per cent stock payable LIST, ;,
1876. 100000 %
Total of six per cent stock. SIS. .74s. .OOO. 10
Total Sl4,9l0. 0.O7O, 10
DOMESTIC.
Ohio Canal Stock. Faith and
Credit Bonds, Loan OF 40. $500
Miami Extension LosRs Bonds,
Loan OF 1842. 926,OO
Cnal, School and Ministerial
Bonds, Loan of 1886 10000
National Road Stock. 578 "a
Total, over due. S2,443, 10
Miami Exteution Canal Stock. Faith
and Credit Bonds payable after
1868 S224, 5O0,0
Miami Extension Land Bonds,
payable after 1868. 74,185 90
298,685 20 /