Holmes County Republican. [volume] (Millersburg, Holmes County, Ohio) 1856-1865, 1858-01-14

CooS1NuEp FROM FIRST PAGE.]
The excess Of disbursement above
receipts Observation-Disclosures. $l23,S52 81
To which should be added the de-
ficit of cash means, Nov. Is, SIS 99,434 I6
And exchange retained by Breslin,
Jan. i, 1885, 2,I25 o4
Making an aggregate which had
tobe provided from other sources
than revenues, and was proba-
bly,, In part, provided through
temporary loans 10y Treasurer .o,e o,a n,
G1beonz tg-,W--
iHe s1s sgerssale ie S3Iss,l55 "a
a disbursements as
shown by Auditors drafts re-
deemed 30A, ,733 63
Excess of receipts above drafts re-
deemed. ------------ l4f.42 U9
======
The amount unprovided for from
revenue, Nov. Is, 1856, was, as
seen above .-- :. s2a6,Ol2 81
Deduct from this last amount the
excess of receipt Ia, ,422 O9
And there remain still unprovided
s7s59O 19
To this should be added the excess
of warrants issued above war
rants redeemed, of which S12l,-
1e5 SO were paid by the Safe
Bank and Branches under the
arrangement nt-- III Jtti ID
Add the amount due Seneca Coun-
ty Bank for Bonds converted by
the Trust Company 100000 90
And in the event of Judicial deci-
sion affirming the Canal Con-
tracts, for the difference between
actual cost and contract price of
repairing sections 2, 5, 6, Z, and
8, the further sum Of 45,567 4S
Leaving balance unproyided for,
Nov. Is, 1857, of ..-..... 35I ,s25 90
From the foregoing statements, it appears
that the expenses of 1866, and 1861, have
been met from the revenues of those years with
out the aid of any balance from the year 1854
S; and that an actual deficit of cash means at
the close of that year of SO 433 &c. has been sup
plled, and debts contracted in 1875, to the
amount Of $5l9,665 IS, have been paid, with
no means derived from that year, except $l4l,-
596 So, from bank taxes and the Dayton Bank
deposit. If there had been no defalcation, the
means in the treasury would have been ample
to pay the debts of 1855, and meet all other de-
mands, including the considerable expenses at
tending the organization of two new institution,
the Farm School and the Asylum for Idiols.-
Hthere had been no debts, the defalcation would
not have been sensibly embarrassed the opera
ticns of the treasury.
It has been proposed to raise the necessary
sum by the sale of the public property. l have
on former occasion expressed myself in favor
of such sale, under proper guards and for fair
prices. But sales at prices below the actual val
ue of the property are warranted by no prInci-
pie of policy or economy; nor ought the pro-
ceeds Of sales, when made, to be applied TO any
other purpose than the reduction Of the public
debt.
I am confident that the people would prefer
slight increase of the rates of taxation-and
half amill on the dollar will amply sufice-to
an increase of the public debt, or to diversion
ofthe proceeds of the public property to any 9TH
er-purpose than its reduction.
The following schedule will exhibit the tax
able property Of the State as valued for taxa
ton; the respective amounts of State, county
and local taxes; and the total amount of taxes
levied in each of the last three years:
I, TdzaHe Property Valuation