American Lancaster gazette. [volume] (Lancaster, Ohio) 1855-1860, 1859-01-13


ocliag from the County Trsasurers BY
EinilAr drafts. in advaDcs Of their Fegu-
s.s sstk.sE eats. large ssrns q hs saasd 10
lAFgs balances already 10 The Treasury or
- supply he plaes Of largo balances fraad-
nlsolly abstractsd. il can now hardly ad-
milof question that our safest future poll
ey viii 10 to pay cur January interest
from December and our July interest from
Jnns eolleotlons. As Ear as possible also.
The exrensss Of the 6Fst two quarters ol
eash Bseal year should be deftayed from
the former. pBd those Of The lust two qnsr.
teF from the latter objections. ! recon.
mead such legislation IS may be deemed
necessary 10 give prsatical effect to thcee
saggrstious BY providing for the prompt
payment into The State Treasury Of the
Stsie's proportion Of The taxes IS soon as
eOllscted, and reQuiring earlier settlements
Ot the County freasursres with the State
TssasnFer. Such legislation would enable
the Auditor Of S,ats to lay before the Gen.
rral Assembly. at sn early day in each ses-
sion. settlement Of actusl Tec,ipts from
taxes Of December, and tho estimated re-
siapts IN Juue. a. well Of the aetHal and
ssinsisd receipts from all sources during
ahs year. and this statement would supply
bssis Coz the economical and ihtsligeet
appropriations for the eusuring three quar-.
iers Of lbe current and the first quarter Of
the NEXT iiscnl year.
A jadisioEs law prescribing rales oflevy
lwH ensure moderation 10 taxation; the
payment of current expense from current
income viii prevent the evil Of aeeumula-
tioh 10 the Treasury; the restriction Of ap-
psopriaiions 10 actual receipts. aud Of ex-
pendiIurrs to appropriations win retain.
'he former Legislative. and the later. Ad-
miuistFniive extravagance. These. IN my
judgement. are the essentials Of good a.
haneial sysslem.
Under such system The custody ofthe
public revenue would involve fer less haE
aFd than heretofore. Still. under any sys
TEN. while collectsone from Isxes ior alI
purposes, State and local, cannot be ex
peeGed soon 10 GALL below four millions, aud
may exceed, as in 1854 and in the present
year four millions and half semi anuu.
ally Of which . moiety win be required for
disbnTssmeht until sometime after colec
iion end . portion will remain for si1
months OF more, the point Of custody will
Tenain one Of great Importance.
The sais keeping Of the public money
thsrsiss. properly engaged large share
= Oi the aItention Of your immediate pEeGi-
osasoFs. a. we'll as OF your own. The chieI
4 esssniial point Of difference beiWCen the
modes adapted seems 10 be s'that the latter.
wbils requiring ampls securities from de,
Poaiiariss for payment on demand, did NOT
cotsmplate the wi,hdrawal Of the moneys
deposited from the transactions OF business.
until wanted for public purposes. Whils
the lstiar seems 70 intend the sclusl keep
iag Of al public maaeys 10 the hands Ol
blaie and County TFeasurers until EeQuir.
foG disbursement IN discharge Of public
ohliRa.ions. II the safety Of the public
moneys is equally insured BY either mode.
The former appears 70 be- entitled 10 The
pEetsrenee; Tor money is machinery; whose
woik 10 exchange. and is obvious that the
wiihdEawil OF Of nsiderabls sums for con-
eiderabls periods must IN come measure
iutarrupt and smbarrsss the opparalions ol
business. But safety is the paramount
consideration. and no mode Of costody il
/ admissible which does not secure Lac 70,
20 b ean bs secured 10 any mode.
M Ins former communication though
il my duty 10 Reeomend 10 your cosidera
tion plan for the safe keeping and dis
buSsements OF the public moneys, whiel
seemed 10 me to combine security with
eonveienes. The plan failed to oommned
itsslfto your approval; but you did no
omit 10 establish by law system Of regu
lniiOns. Intended % accomplish the sam,
general purpose. Few measures ful6
perfectly the designs o! their suthoTs: and
defects have become apparent In the prac'
fieal workings Of the act Of last session tc
which ] think proper to direct your attsn'
tioa' h
The act iisoh was dou' tlsss designed 10
incorporate into the administrative system
OF Ohio. thslsading provisions OF federal
legislsiiou on the same subject. Teere
are however amoBg other differences be.
tween the Federal system snd that which
has been thus inagurated 10 our State, two
which. seem 10 me especially worthy ofco
sideEstion. Under the Federal laws oil Of
iees having costody Of public money are
sppOint d BY the Federal Government and
are required. from time 10 time. 70 give
such bonds. with such securities a. the
Federal aHthoriliss may requiae. Unde'
the cot Of the last session the County Treai
uFsFs throughout The State are made do
posiiaFies Of the 6'ate as we'll as the Couu
~ revenues; Of the revenues derived from
canal tolls and other sources. as ~ those
derived from tsxaiion. They are also COZ
stitnded sgsnts Tor the transfer Of pup
lie funds and fiscal sgents Of the State, un-
der the laW. Yet these officers are not ap
pointsd BY the State Government; are no,
required TO give bonds to the satisfaction
4 81 any State officer; no State officer is au
tborissd TO sseertain the suliciency Of The
bonds actually given. or 10 require in prop
o. ease. new bonds or additional securiiiei
4 The whole ma.tsr Of thesa bonds is lei
whore former laws placed it. under super
vision Of the County Commissioners, ami
Il may well he doubted. whether tbs
conditions Of those heretofore given ap
ply 70 all the duties required BY the 70
cent treasury law.
The is matter which des:rvs, and vii
n i doubt not receive your attention. Whil
vnn will think Il best 10 adhere the nj an q