The Cadiz Democratic sentinel. [volume] (Cadiz, Ohio) 1854-1864, 1854-01-11


Our school, ministerial and canal lands.
viii soon pass into the hands Ofaelual set
tleFs; The surplus revenue will be repaid;
and thus nearly al sources of revenue will
be closed, except the public 'woiks, The div.
idends from canal turnpike and railroad
stocks, and direct taxation. That these ex-
traneons revenues should run out, is hardly
to be regretted. They never were very
large, while they mysti6ed our public ac-
counts. Their final disappearance, with the
causes that called them forth, will not IN
crease the public burdens, it will but change
their character, ..
These facts should have their due weight
in determining all financial questions. The
taxing and apprOpriaIing powers are the
mostimnortant functions of Government
High taxes do not always indicate uuneces.
sary extravaganza, and for many of our ex-
actions. at this Gwe, We may plead the force
of circumstances.
We aIe a young and rapidly growing
people; we have every thing 10 create, all
our public buildings to erect, and large and
onerous debts to discharge. 1t is, never.
theless, true, that our financial system is
without those Salutary checks which expert
ence has shown to be necessary in all pub
/ lie transactions; nor will it be denied, |
may be attained. The recommendations al
ready made, will, if adopted, So much to Sc
cure this end.
Our taxes ore now levied upon a uniform
and equitable basis;-they should be expend-
ed under the stiictest accountability. Sat
isfy the people that the funds drawn from
them, are properly and economically appli-
ed, aud the taxesnow complained of, will be
cheerfully borne.
The very large amount which has been
drawn from the people Of this State during
the past year, for the support ofthe various
governments under which they live, viii
Certainly excuse the earhestness with which
have pressed the snbjcct of our expendi'
lures upon our consideration.
Estimating the revenues of the Genera
Goyerement at $58, 100000, it will produce
for each member Of CoAgress about $3.50
600.
There are tventy.one members FROM this
, State, making about. .!............ SAoVOOU'
State, County, Iownship and City taxes. 1901 l6
Y Fees OF County officers estimated at Sl0,ooO ..
e per county,. .....................'..' ooooU
Special taxes, as Auction Duties, ect... 2OOOp'
Fees OF Jus ot the Peace, ,Constables, 10000
Milking total OF. f...............,.. $l4, ,lol l0
This is an annual burden, equal TO ont
: half the value of the whole, State fifty year
$ ago, and requires tax of'2 on every vo
:. ter, and OF nearly six dollars on every indi
e vidual in the State! When burdens become
so onerous, it is proper that every outls!
: should be examined with tke strictest scru
e tiny.
f My predecessors have had frequent occa
e sion to remark upon the safety and di>patcl
/ with which the taxes are levied, collected
and disbursed, by the County and Stat
f officers. Defalcations have been of rar
occurrence. Our treasury system has
, therefore,, served as a model for other State
y aid in MANY respects for the General Coy
| trnment.
A practice is said to have grown up ii
$ many of the large toms, however, of bank
ers and brokers paying interest on deposits
s The State surely has no objection to thI
y when confined to the TRANSACTIONS OF private
individuals. But it is also charged tina
these establishments sometimes becoLe tht
; repositories of public officers, and that arg'
+ sums are thus realized by specializing upon
the money of the people. These represen
tations may have their origin in mere sus
, picion, but they have called forth feeling
of dissatisfaction and ahrm' that can only
be allayed by the adoption of such measur
| es as will prevent the possibility Of SO dan
} gerous practice. The present statutes art
defective Fin this particular and require re
, vision. Ihe public money should be guard
ed with the utmost care, and all application
, of it, except to the purposeses for which
it was raised, should be strictly prohibited
= by law.
I An objection has sometimes been mad,
to this policy, that it locks up the treasure
of the people. This objection. when exam
f ed, will be found to be without any res
t foundation. In this State, as already obser
we'd, the revenues are chiefly raised from
. disect taxation, for Ger tain we'll known pur
poses, and payable at periods entirely with
8 in the control of the lie Sislature. At no pc
C riod is it necessary tokeep any considerable
amount on hand, while OUR treasures nigh
most of the time, conveniently, be empty
. Under these circumstances. there surely cal
be no difficulty in so modifying the laws tina
all danger of defalcation or improper use
y Of the public funds will be avoided, and th'
t money of the people, at the same time, b.
? left in their own pockets, until required TO
the public service.
9 You will perceive the necessity of thes
! remarks, intimately connected as the,
) are with the public debt and its final pay
> nent.
: The entire debt Of the State oatstandin!
5 Nov. 18th, 1853, was as follows:
D FOREIGN.
Five per Ct stock payable Jan lst 1851 sl5oo0Q o.
Five per CT stock payable Jan. LIST, lS66 OPS 900
i Total FIVE per cent stock .......l,I IT'S, 900 Oh
Six per ct stock payable Jan. lst, 1851 292 1888
Six per Ct stock payable Jan. lst, 1851 6665 1886 s.
Six per Ct stock payable Jan let, ls7f 2l9353l q
Six per ct stock payable Jan. ls. 1876. 1900 900
: Total six per cent. stock, ,.,,,.. 49, 7l2 600
Eotal.. '.'''.'.......l4 .l4,9lTUO0 n
DOMESTIC
: Ohio canal stock, faith and credit bonds, loan
: OF 1S42... ............ S39 Oh
Miami extension loan bonds, loan of 1872, 926 o.
Canal, school and ministerial bonds, loan Of
1916. ......... observation-disclosures. 100 o.
a National Eoad stock. Observation-Disclosures. 578 G.
....
Total over due. ACKNOWLEDGEMENTS. $2,443
e Miami extension canal stock, faith and
II I.A IA. noftor a M n