The Kalida venture. [volume] (Kalida, Ohio) 1841-1865, 1854-01-13

/ ncIt hlb tWfHty'tDo tnGlH~
| beIs from this Sln,e, mas
king about ....-..~...--. $5,OOO,OOU
Siatc County, Township and
CITY taxes .,".,. ..,....~.s 1871 400
Fees Of County officers es-
timaied Al $4,000 per
county, ...,..........-....-.. SOO,0OO
I. Du,ies, Sc &c~...,.......a... j 100000
Fees Of Justices Of the
Peace, Conslables, SC, 100000
Making total oc.......$l4, ,lOl, l66
This is an nnnualburden, equal 10 one
half The value Of the Whole SlAle fifty
years ago, and requires tax Of $25 on
every voter. and Of nearly six dollars ON
every Individual in the Siaie When
burdens become SO onerous, il is proper
that every outlay should be examined
with the sirictest scrutiny.
Ny predecessors have had frequent
occarion 10 remark upon the safety and
dispatch with which the taxes are levied,
collected and aisbursed, by the County
and State officers. Deialcations have
been Of rare occurrence. Our treasury
system has, therefore, served as model
for other Suites, and in many respects for
tie General Government.
A practice is said 10 have grown upin
many Of The large towns, however, Of
bankers and brokers paying interest on
deposits. The State. surely has no OBJ
lection to this when confined 10 the
transactions Of private individuals. But
il 10 also charged that these establish
mcnis sometimes become the depositorics
Of public officers, and that large sums are
thus realized by speculatins upon the
money sfthe people. These represents
atoms may have their trigin in mere
suspicion, but they have called forth a
feeling Of dissatisfaction and alarm, TINT
cen cnIy-be alayed by The adoption Of
such measures as will prevent the possi-
biIity Of so dangerous Practice. The
present statutes are defective in ihis
particular, and require revision. The
public money should be guarded with
The utmost care, and all application Of H.
except 10 the purposes for which i was
raised, should be strictly prohibited by
law.
/. An objection has sometimes been made
10 this policy, that il Ii cks up the treas
ure Of the people. This objection, when
examined, will be found 10 be without
any real foundation. In this State, us
already observed, the revenues are chief
" raised by direct taxation for ceriain
well known purposes, and payable at pes
RODS entirely within the control Of The
Legislature. A, no period is il necossa-
ry 10 keep any considerable amount on
hand, while our treasures might, most Of
the lime, conveniently be empty. Un-
der these circumstances, there surely can
be no difficulty in so modifying the laws
that all danger Of defalcaiion, OF imProp-
er use Of the public funds will be avoids
ed, and the money Of the peop'e at the
same time be left in their own pockets
until required for the public service.
You will perceive the necessity Of
these remarks, intimately connected, as
they ale, with our public debt and its fl
nal payment.
The entire debt Of the.Slate outstaGd-
ing November Is, 1858, was as follows:
FOREIGN.
Five per cent. Stock pay
able January !, 1857. $l50,00O 90
Five per cent. Stock pays
able January !, 1866. l,o25,0oO 90
Total five per cent. stock $l,l75,o0o 90
Six per ceni. Stock pay-
able lie January i, 1851 s,292, 1873 "a
"a able So January ar i, 1851. e,see,ss5 So
Six per cent. Stock pup-
able January /, 1871. 2,lS3,5Sl p3
Six per cent. Stock pay
able January |, 1876. 100000 90
Total Of sis per cent. l3,742,Ocoo 70
-- ---
Total. ....." $l4,9l7 900 10
Stock..y...."...$l3,742,000 90
DOMESTIC.
Ohio Canal Stock, Faith
and Credi, Bonds loan
ofIs42.................. $50 90
Miami Extension Loan
Bonds, Losn Of l64S.. 926 90
Canal, School, and Min
isteriai Bonds, loan Of
1886. 100 OF
National road S;ock.".. 57S 6S
.------
Total over due....... $2,445.7O
Miami Extension Canal
Stock, Faith g. Credit
Bonds payable after
1853 ............... 224,5OO 90
Miami Extension Land
Bonds payable after
1863 .................. 74,2s5 90
$29s .es5 90
.r..1 AoAq IOQ IN