Carroll free press. [volume] (Carrollton [Ohio]) 1834-1861, 1858-01-14

tu011Fs W foetkt4 NAtH f"f'Ht 80 ieaN-
tlacel oiisF iHPoTtant checks upO0 The &C.
Ten Of The Tressuref.
Hal these pr5visious Of law been sdopt-
al imme hsie.y sfser the ratification Of Ihs
pressat Constitution. q Is highly impF0bA.
5 e that the defac ,lion which nov smbAr-
rasses our fnanees could have occurred.
Il will be observed that The syaem nov
established resembles, in some respects, that
Of the Independent rressay Of the un:.
ted SlAteA The resemblance would he al
most eomlpets except - TO receipts and dis
bursemehts Of revenue in coin, ifthe Treas
urer Of S,ats we're excluded from actual
custody Of PUBLIC money, and ali payments
were rrqnrrsi to be made to dep'siIarie',
and an disbursements by drsIls upon them.
under suitable restrictions aud regulations
recommend a provision Of tbs hainre.
aud that hereafter aIl public moneys le re-
ouired to be collected and lisbIr,e ia sP,
Gle, or mites Of specie paying banks OF !hs
State, sud that M payment DO made ifl -
the rreSsuty of any SUN under twenty dol
lars otherwise than in cJin. Every IutrI
which Legislative wis lom eau deyi'e shoud
be provided against future mlsIse oi pub
lie funds. | recommend. Al.O, thHt pro-
yisun bs mad, for thorough examinations
iato The condition Of the County frsasu
ries aud full rep ,rts Of IN. results for the
information Of the General Assembly.
Some further provision Of law is nee
sary in regard to the custody and trans
fer of State aul Federal bOuls held by
officers OF State, ~ security f1r the cIrcuh
ton of banks. At present the lion i be
longing to the Independent B mks are held
by the Treqsurer, while Those belonging Il
the Free Banks are held 10y the Auditor
In case Of insolvency, the houds are Iequl'
rel to be sold by the olirer' holding then
and the proceeds applied in fall or pro
rata payment Of the circulation. The
large powers conferred for these ends are
liable to great abuse, and have, IN fact, bsel
greatly abusel. | see NJ reton why the
bouds b longing to all tue banks should
not be deposited with The Treasurer, anC
such checks imposed upon his action, tiro
the agency Of the Auditor and otherwise
rs will eifsclually guard against all abuse
respectfully recommend to your faVora
ble consideration the suggestions contalne'
10 the report Of the second special examln
alinn of the Treasury herewith transmit
ted.
The transactions above detailed, togethe
with the outstanding liabilities OF 1855
have seriously affected the financial eondI
ton % the State, rs Connected with reVe
nues and disbursement.
To obtain clear idea Of the actual stu
alton, il will lie necessary to revert Io til
close Of the fselI year, lS54-5.
The balance in the Treas
urv on lhe 18th Of Nov,
1855, applicable tn the
dis easements Of 1856,
was, according to the re-
port of the late Auditor
of Stale. S7O3,57o y
Bat o(this bsl.
ance there
had been 10.
posted with
failed bauks
and bDkeu
10y tho out
going Treas.
urer sa0l,68 90
Aud there WAS
retained by
hun under
CLAIMS for eE'
change, thu
not credited by
the Auditor ls457 10
And there had been
nnIawfuily abstracts
ed, as appears fom
the reports OF Mr.
Sparrow and Of the
present Treasurer 5799l 100
Making an aggregate Of sSo3.oo4,C
Showing Instead Of M avala-
bic ha.ance Of S703,570, 80, a
- ,l.E.,t nf &90 d1J.y