The Perrysburg journal. [volume] (Perrysburg, Ohio) 1853-1861, 1858-01-14

under $40 otherwise than In coin. Every guard
which legislative wisdom can devise, should be
provided against future misuse ofthe public funds
/ recommend, also, that provision be made for
thorough examination into the condition Of the
County Treasuries, and full reports Of the results
for the information OF the General Assembly.
Some further provision of law Is necessary In
regard to The custody and transfer Of State and
Federal bonds held by officers Of the State as So
curity for the circulation Of banks. At present,
the bonds belonging to the Independent Banks
are held by the Treasurer, while those belonging
to the Free Banks are held by the Auditor In
case of insolvency, the bonds are required to be
sold by the officers hclding them, and the pro-
cceds applied in full or pro rata payment OF ths
circulation. The large powers conferred for these
ends are liable to great abuse and have, in fact,
been greatly abused. | see no reason why the
bonds belonging to all the banks should not be
deposited with the Treasurer, and such checks
imposed upon his action, through the Agency OF
the Auditor and otherwise, as will efeetualy
guard against all abuse. | respectfully recon-
mend to your favorable consideration the sug-
! gcstions contained in the report Of the second
special examination OF the Treasury, herewith
| transmitted
| The transactions above detailed, together with
the outstanding liabilities OF 1855, have seriously
affected the financial condition of the State, ~
| connected with revenue aud disbursement
To obiain clear idea of the actual situation,
1t will be necessary to revert TO the close OF the
fiscal year lS64-5.
The balance IN the treasury on the 18th of No.
vember,l SHS applicable to the disbursements
late Auditor Of state s1OsO1O 80
with failed banks aud bankers, by the out.
And there was retained by him under claims
for exchange though not crcditedby the Au'
And there had been unlawrully distracted, as
appears from the report of MIR, sparrow and
Of the present Treasurer ,..,,.. bI9Pil 90
Making an aggregate OF, t,...,,,...,,..., snS,oOi 10
Showing, instead Of an available balance OF
s1OS,h0 50, real deficit OF, f,.,....,..., $eg,i@ Dc
To provide the means for carrying on the Government,
In the absence OF the reported balance the outgoing Trea
obtained from tie County Treasurefs the sum OF
S1GOi5 10 and appropriated the sum OF sqlS6 rs held
In the hill holders OF the Canal Bank OF Cleye
land making aggregate Of tSSSAOe 0Sj OF which he
dsbursed In payments Tor the State 1911 i4l OF and
paid his successor In different sums and at differ
tmes $8O3S65 50; being the whole amount thus OBJ
sum he retained or exchange claimed to have been paid
for the January interest S2,T2h o. The small balance
included In the dcGicaton as reported he the present
Treasurer
hut not only was there this actual deficit OF cash MEANS
hut debts also existed contracted In is55 and as to the
creator portion without warrant Of law to the amount OF
$6sp66S 10 These debts originated in supplies and la
most part In good faith and the creditors therefore,
e could not properly he denied payment
The actual condition OF the treasury exhibited by the
following statement;
Aggregate OF sums deposited with failed banks
and bankers, retained for exchange and un-
. Add the amount, retained as exchange paid for
January interest 1856 ...,............... S,Te6 %
Also the amount OF debts Of 1885, unpaid $50 665 10
= The total amount Ia si, ,44b, 500 %
This total exhibits the amount by which The condition
ofthe treasury was worse than would had
money deposited except with deposares giving
q ample securities; had arrangements been made with
these deposarie they doubtless might have been for
the payment OF the interest debt without
for exchange had no money been unlawlly aesraced
and had debts been created to be paid out of the rev.
. enues OF subsequent years.
Now, II nom this total of. .,...... 445 SOC %
n There he deducted the reported balance Of
" There will remain. .................. $7I $40 20
This remainder Is tho amount ien with empty
ury charge upon the of lsb56 and subse
- derived fom the claims against the deposltacs and
against the rreasurers and their saretes or from
10 due In 1850 but not then paid From these
s. sources have been In fact received:
g. Payments by Daniel Beckel account OF de-
"a post with Dayton Bank. ............. $4,000 90
Taxes of Banks due In 1862 but paid In 1906 l2B09S %
Total Observation-Disclosures sl4l o9s 80
III The aggregate receipts OF 1880 8, including
n The aggregate disbursements, ms shown by
@, the Auditors drafts including $5l9,665I 20
of paid on account of debts OF ls45 were sa122O0 "
n The excess of above receipts sisss Dl
%. means, Nov i5. 1855 ,.,..,.....,... 9o,494 10
60 And exchange retained by Breslin Jan. 1,
te 1885 ..................'....... e,7s5 81
IT'S Making an aggregate which had to be pro-
,al vided from other sources than revenues,
of temporary loans by Treasurer Gbson ss2e,Oi9 81
,oI The aggregate receipts Of 1861 were 1866 IA
IVY The aggregate disbursements rs shown by
~ Auditors drafts redeemed. ............ 8Wl,ID 10
on Excess Of receipts above drafts redeemed sl47422 90
rt Nov ib 1850 yes, as seen above s22OOi2 81
20 Deduct from this last amount the excess of
as receipts !. 141 90
nd And there remains st unprovdcd for SO. s7sbQO "a
To this should he added the excess Of war
no rants issued above warrants redeemed, OF
~. which Sl2l,1S IS were paid by the state
.c ment .''' ' 127OS7 40
~. And the amount due Seneca County Bank -
a for bonds converted by the Trust Company 100000 90
us And In the of Judicial decision affirm ....
,u- ing the Canal Contracts, for the difference
Jo between actual cost and conracs price OF
err ther sum Of .........,,..,......,., 1881 d
,cr IsS7e 1851 s2o OC
,se From the foregoing statement it appears that
Jo the expenses of 1856 and 1867, have been
de met from the revenue of those years, without
his the aid of any balance from the year lS54-5 =
gs and that an actual deficit of cash means at the
tu- close of that year of S99433 90, has been sup
ch Piled and debts contracted in l954-5, to the
Ids amount of S519,665 rs have been paid with nc
nd means derived from that year, except Sal ,59S,
te, 80, from Bank taxes and the Dayton Bank depos
on it, If there had been no defalcation, the means
aid in the treasury would have been ample to pay
by the debts of 1855, and meet all other demands
fer including the considerable expenses attending the
nv organization of the two new Institutions, the
lad Farm School and the Asylum for Idiots. II
or there had been no debts the defacation would
ust not have sensiby embarrassed the operations OF
in the treasury.
in Funds to supply in part, the drain of these
on debts and the deficit created by the defalcation
mt have been obtained through temporary arrange
ad- ments, to the amount of about S350,000. These
to- funds have been already reimbursed, in great
for part out of the current revenue. 1t will now be
necessary to reduce the appropriations OF the cur
lus rent year by an equal amount OF 10 authorlHe
oss temporary loan to make good the deficiency, and
To incrense the taxes the coming year by the