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

Oue Pei4 ~ ASSN ~S'S"St~N
Total $l4l.5v9. SO
The aggregate receipts Of 1856, IN
;iuiing the above sums, as shown hy tie
bOOks, were S,6SB, ,253,8f
The aggregate disbursements
m shown 10y the Auditors
dmtt,, ,,includiug $5l9.665,75
pald na account Of debts Uf
1884 S, were S3.7l2,9O6,32
The excess Of disbursements
shave receipts Sl23,s52,5l
To WHICH should he added the
the deficit Of cash means,
Nov, 5, 1855 s9,l34,l6
Aud exchange retained by
Breshn, Jan, 1853 9 1854 /
Making an aggregate which
hal to lie provided from
other sOuicts than revenues,
aud was probably, ia part,
provided through Temporary
loahs 10y Treasurer Gibson S226,ol22l
The aggregate receipts Of le
5s.7 we're s9,is9,l55,64
The aggregate disbursements
Ms shown by Auditors drafts
redeemed S,O4I733.75
Eexcess Of receipts above
drafts r, deemed l47,4s2,00
The amount unprovided for
from revenue, Nov. 10,
1855, was, as seen above S22j. .Ol2 81
Deduct from this It amt
the excess Of receipts l47,422 90
Aud there remains still I'm.
provided for s7o,5oO l2
To this should beaded tue
excess Of warrants issued
above warrants redeemed
OF which Sl2l,I85 SO
were paid by the State
Banks and Branches
under the arrangement l27GG7 45
And the amount due Sen
eca County Bank tor
Bonds Converted 10y the
Trust Company 100000 90
Aud IN tho eveut Of Judi.
cial decision affirming
the Ctual Contracts, for
the difference between
actual cost aud contract
price Of repairing sections
2, s, 6, 7, aud 8, the fur.
ther sum Of As SGT 43
Leaving balance unprovi.
ded for, Nov. Is, 1857 S3jL,S25 90
From the foregoing statements, it APP
pears that the expenses of 1866, aud
1867. have been met from the revenue
Of these years without the aid Of any bal.
ance from the year l854-5: aud that an
actual deficit of cash means ut the close of
that year Of $99 433 96. has been sup
piled, aud debts contracted in l954-5. to
the amount of S5l9,665 rs. have been
pal with no means derived from that
year, except $l4l ,598 so, from bank tax
ea aud the Dayton B.nk deposit. Ii there
had been 10 defalcation, the means in the
treasury would have been ample to pay
the debts Of 1855 aud meet vii other 10
mauds, including the considerable exp nses
attending the organic tion Of tive nav in.
Slitulion., the Retorm S:hooI aud the Asy-
lum for Idiots. lfthere had been no debts
the delalcatiOn would not have sensibiy EN-.
bMtassed the operations of the treasury.
Funds to supply, in pat, the drain Of
these hebts and the deficit created hy the
defacati u, have been obtained lhrou 1T
temporary arrangements, to the amount Of
about $3jO,O00. These funds have been
already reimbursed, IN great part, out Of
the current revenue. 1t will now I've ne
ce'sary to reduce the appropriations Of tho
current year by M equd amount, or to
autholiza II temporary loan to make good
the deficiency, aud To increase the taxes of
the coming year by the small addition
needed 10 discharge it,
1t has been proposed to raisS the neces-
sary sun by the SaIe .! tie public prop.
euy. | have on n former occasion expires
selt in tavcr Of such sale, under proper
guards and for fair prices, But sales at
prcrs below the actual value Of the pop
uLy arr warranted by no principle Of poll
cy ~ economy; nor ought the proceeds
of sales, when male, be applied to any
other purpose than the reduction Of the
public drM.
nm confident that the people would
prefer light Increase uf the rate of taxa.
lion--aud half mill on the dol ar will
amply suttice-to an increase Of the pub,
lie debt, or To u diversion OF the proceeds
Of the public p,onerty to any other pur.
pose than its reduction.
The following schedule will exhibit the
taxable property of the State as valued for
txatiou; the respective amounts Of State.
county aud local taxes; and the total
amount of taxes levied IN the Inst year:
TAXABLE PROPERTY VALUATION.
No. Of Acres 25.320 $40
| ----
Value Of Lands S4S5602 655
Value Of Town IL City Lots l49,904. 1928
Value Of ChatteIs e63. .63l, 6U3
Total taxabe valuations SS49,329, ,0sl
STATE TAXES.
For Sinking Fund S752 5t3 62
For Gen'l Revenue Fund 585, ,4U7 Sd