Western Reserve chronicle. [volume] (Warren, Ohio) 1855-1921, 1858-01-13

S7u3,570 60, real deficit ofG......-..s s99 .433 81
To provide The means for carrying on
the Government, in the absence of the
repof,ed balance, the outgoing Treasurer
obtained from theiCounty Tressurers the
sum of $3.50. 5. 20. and appropriated
the sum of S94. 1865. held in trust fol
the bill holders of the Canal Bank ot
Cleveland, making an aggregate of 1885
sos. o5; of which be disbursed in paw
ments for the State. S547, ,444,07; and
paid over 10 his successor, in different
sums and at different times, S303. SOS.
As; being the whole amount thus obtain
ed and appropriated, except S4.l92 "a:
of which last sum be retained for tx
change, claimed TO have been paid for
the January interest. SO. 9.725. .54. The
small balance is included in the defal-
cation. as reported by the present Treas
urer.
But not only was there this actual de-
fcit of cash means. but debts also eris.
ted, contracted in 1855, and, as TO the
greater portion, withou, warrant OF law
to the amount Of $685., ,66575. These
debts originated is supplies and labor.
furnished to the State and its institutions,
for the most part in good faith: and the
creditors. therefore, could not properly
be denied payment.
The actual condition of The Treasury
is exhibited by the following statement:
Aggregate OF sums deposited with failed
hanks and bankers. retained for ex-
change and unlawfuy abstracted- SSo3, ,O0f 20
Add the amount retained as exchange paid
FOR January interest, 1856. e7e5 81
Also the amounts OF debts of lo5s, uRpaid 6J9665 IS
The total amount is recommendation ,396 os
This total exhibits the amount BY
which The condition of the Treasury was
worse than it would have been had no
money been deposited except with de-
positaries giving ample securities; had
arrangements been made with these de-
posiisries, as they doubtless might have
been. for the payment. of the interest on
the State debt without cost for exchange;
had no money been unlawfully abstract
ed; and had no debts been created 10 be
psil out of the revenues of subsequent
years.
Nov. If from the total AS ss5 o5
There be deducted the reported balance Of
November Is, >5j.--....---..---.----. 7C3.5.O 60
This remainder is the amount left,
with an empty treasury. as a charge no
on the revenues of 1856 6 and subse
quent years; except so far as means 10
meet it might be derived from The claim
against depositaries and against the ex-
nd fk.Tr e,
revenues due in 1855 but not then paid.
From these sources have been in fact re
ceived:
Payments by Daniel Recke, on account Of
deposit with Day ton Bank. SI5.0uO 90
Taxes OF Banks due in 1855. hut paid in
1908 ls6-5So 50
Total. sIII.5as 50
The aggregate receipts of 1855 6. in- |
cluding the above sums, were 50, $780, |
953 8l
The aggregate disbursements, as shawn
ny the Auditors drafts. including S5Ig,
e55 IS. paid account of the debts Of
1851, .-.--..s3.7Is 200 -
The excess Of disbursements above re-
esiPts; ...,...;.;--;.:.::..: sIlssss 81
cash means, Nov Is, ls5J 93.43i J6 |
Aud exehars &c retained By Breslin. Janu-
ary l. ......................--... e.7s5 81
Making aggregate which had to be PRO-
yIdei from other sources than revenues,
and was probably, in part provided
through temporary loans by Treasurer
Gibson saee OLE eI
The aggregate receipts OF 1867 50 leo I55 81
The aggregate disbursements shownby
Auditors drafts redeemed. 3OII.7 T5
Excess CT receipts above drafts redeemed Sl41 90
The amount unrrOvided for from revenue
Nov 10, ls56. seen above S5s6 ore q
Deduct from this last amount the excess OF
receipts. .........-......--.-...s sII7.4es %
And there remains still unprovided for SIS $50 II
To this should be added the excess of war
rants issued above warrants redeemed,
Of which Slal.is5 81 we're paid by the
r,nsenent-....... 1867 IS
And the amount due Seneca County Bank
for bonds converted by the Trust Com
pSny lOl,OOO
And in the event Of judicial decision af-
hrming the Canal Contracts. for the diff
ference between actual cost aud contract
price Of repairing Sections Q, 5, and G,
the further sum 0f.-................... Of 45567 1a
Leaving q balance unprovided for Nov.
18th is57. s35Ise5 60