Meigs County telegraph. [volume] (Pomeroy [Ohio]) 1848-1859, 1858-01-19

been dspUsted with ftilutif Hatl4Ft NfF 4nl
banks and bnIIkcrs, ~ thS ws al
And there was retailed By
change. lhengh not crslitsd M
Aud I'd In thsrs e had had beon dniaw-
niiiy abstsacte,i, asnppears
row and OF tho present
Trsasurer, .-.s-..a,,. 570,0li 90 t.sA..ss.-
Making aggregate OF so5co4 20
Showing, instead OF an avaiinbIe balance,
OF $iV3y570 ~, a real deficit OF ss4sS ~
To provide the means Of carrying on
the Government, in the absence of the re-
ported balance. the outgoing Treasurer OBJ
tained from the County Treasurers the
sum of S76O.7l5 20, and appropriated the
sum of $94, ,736 35, held in trust for the
bill holders of the Canal Bank of Cleve-
land. making an aggregate of 1856. SOC O5;
of which he disbursed in payments for the
State, $547. 443 OF; and paid over to his
successor, in different sums and at differ
ent times, $303, 865 81; being the whole
amount thus obtained and appropriated,
except $4,19l "a; of which last sum he
retained for exchange, claimed to have
been paid for the january interest, Se,-
725 81. The small balance is included
in the defalcation as reported by the present
Treasurer. 4 4
But not only was there this actual de-
felt Of cash means, but debts also existed,
contracted in 1866, and, as to the greater
portion, without warrant of law, to the
amount of S639, ,665 rs. These debts
originated in 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. q
The actual condition of the Treasury is
exhibited by the following statement
Aggregate OF sums deposited with failod .,H+
change and unlawfully abstracted, Sso3,oO4 &c
paid for January interest, 1850, 2,725 81
Also the debts OF 1855, unpaid, 630,665 IS
The total amount is si,445 1916 90
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 repositories
giving ample securities; had arrangements
been made with these repositories, as there
doubtless might have been, for the payment
of the interest on the State debt without
exchange; had no money been unlawfully
abstracted; and had no debts been created
to be paid out of the revenue of subse
quent yeoas.
Now, II from this total OF sI,445, 800 O5
OF Nov. i5 1855, 7o3,57O 20
There will remain s74l,sa5 IS
This remainder is the amount left, with
an empty Treasury, as charge upon the
revenues of 1856 and subsequent years;
except SO far as means to meet 1t might
be derived from the claims against deposit
tories and against the ex-Treasurers and
their sn-eties; or from revenues due i'll
1855, but not then paid. From these
sources have been in fact received:
Payments by Daniel Beck el account OF
deposit with Dayton Bank, $4,000 90
Taxes Banks due III 1885, but paid In So l265oa %
Total, sI41 ,59s so
The aggregate receipts Of 1866, inclu
ding the above sums, were $3, 588, ,253 81.
The aggregate disburseme ents, as shown
by the Auditors dra fits, including $780, s-
665 IS, paid on account of debts OF =
The excess of disbu rse mont above re-
ceipts, sIas,s5a 81
cash means, Nov. Is, 1855, ss,4s4 l6
l, 1856, 2,7a5. 81
Making aggregate which had to be
provided from other sources than reve-
nues, and was probably, in part, pro-
vided through temporary loans by
Treasurer Gibson, . S226,OI2 81
Tho aggregate receipts of 1867 were S3ls9,l55 81
- disbursements, shown
Excess of receipts above drafts redeemed 4sa 90
The amount unproviied for from reve-
nue., Nov Is, 1885, was, $ above, saee,OI2 81
Deduct from this last amount tho
of receipts, ,l.,l. I47.42a 60
And there remains still unprovided for, s7s,59o IL
To this should be added the excess o: war
rants issued above warrants redeomcd,
OF which SI2I,la5 sS paid by the
State Banks and Branches under tho
And the amount due Seneca County Bank :"
for Bonds converted by the Trust Com
AnG PafS y the even. of udiei. decision n 100000 90
nrmng the Canal Contracts, for the diff
ference between actual cost and
tract price of repairing sections ., 5, 6,
and q, the further sum of 1867 43
Leaving balance unprovided for, Nov.
Is, 1857, of 1851 sos 90
From the foregoing statement, it ap-
pears that the expenses of 1866, and
1867, have been met from the revenue
of those years without The aid of any bal
ance from the year 1854-5; and that an
actual deficit of cash means at the close
of that year of 800, 433 SO has been sup
piled, and debts contracted in l854-5 to
tie amount of $5l9,665 rs have been
paid, with no means derived from that
year, except $14l ,598 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
demands; including the considerable ex-
penses attending the organization of two
new institutions-the Reform School, and
the Asylum for Idiots. If there had been
no debts, the defalcation would not have
senslbly embarrassed the operations of the