Pomeroy weekly telegraph. [volume] (Pomeroy, Meigs County, Ohio) 1860-1866, 1860-01-17

expenses OF the Eu0ltc w WorkS, and the
Pstil ilentiary, or specifically appropriated
e the Sinking Fund for the payment Of
interest and principal of the Public Debt.
kor the annual expenses of the State
IN Education, for Benevolent Iustitations
aud for all departments of the State Gov
efameat, 40 substantial reliance can be
placed on any other sources of revenue
than the annual leviess.z zsx - =
The whole amount of disbursements
during 1859, upon all accounts, was So
5a2 ,Spa and tie balance in the Treas
ury at its close, was S193, ,276.
zAaMore particular rreviewsof the-seve<
raj branches. of collection and disburse-
ment will present, in still clearer light,
theshHaacial transactions. of the year
For the support of the State Govern
Taent and sInstitutions there was collected
during the year > from leyies on the
Graak Lsta the sum Of S603 ,647, Re-
esitts from licenses and auction duties;
fteusr the sPenitentiary from taxes on
Ranks and FROM claims collected, to-
gather With the balance at the close of
1855. Increased this sum to 1854, ,1O7.-
ksem this SUM several amounts, not
IropcFl constituting revenue, should be
deducted, leaving the true sum for dis
burscment, S865,950 Ofthis there was
disbursed during the year, 1882 2,585.-
But assthe receipts did not exactly rep
resentsreven0e, so neither did the dis
buIsements precisely represent expendi-
tares. ForEexample, the sum of S63,-
469sisseharged as disbursed, when the
read transaction was the placing of old
claims, iominally Of that amount, in the
hands efsthe proper officers for collec-
tion; and the sum of 10000 was simi-
larly charged, ,ewhen the whole amount
vas paid, not for general purposes, but
Gu account of Public Works, under, the
direetioa of your predecessors. The
actual disbursements for the Executive,
Legislative and Judicial departments,
and all the benevolent and reformatory
State Institutions, including the Peni-
tentiary were, therefore, 1926, ,S39. The
balance remaining was S191, ,591. a
8For the expenses of the Public Works
there was received, from tolls and water
rents on tho Ohio Canal, S7I ,442; on the
aIiami4and Erie Canal Sl14, 337, on the
Muskingum Improvement. SIS, ,274;t on
the Hooking Canal, S17 ,301; on the Wal
heeding Canal S475; on the Western
Reserve and iMaunee Road, S2,181; on
the National Road, Sc, ,551; from sales OF
Canal lands, s516, and from other
soatroes, s9, ,92l; in all, $246, ,781. The
Disbursements were S336, ,9S2. The ap-
parent texcess of outlay over income was,
therefore, $50, 200, and this amount was
paid from the General Revenue, as has
just been stated. 0fthis sum, however,
sd, ,034 was expended in payment for
the EeWistown Reservoir, and for other
special purposes, outside of the proper
repairs of the year. The real excess of
cost over receipt was Sc, ,170. 49,
For common schools, there were coll
leeaed on the grand list, S1,24S, 49,
Theae were also collected on the gem
eral list, for schools, but as part of the
leyyfor Sinking Fund, S153, ,695 Co.
Thisi sum was the interest on the Irre-
dacible Debt, created by the appro-
rriatfon of the proceeds of the school
lands to- general State purposes
The,two sums, with the balance from the
preceding year, formed an aggregate for
school purposes of 81 Ala, ,647 sof which
were disbursed 81 ,365 ,92S, leaving a. bal
ance of S52,719. f'f s,sg.f Es..s{,s-ts. Il
EEhe9 amount collected for School
Libraries, already stated, withethe ball
ance of the preceding year, was $50, ,173.
The amount disbursed was S79,5T9,
leaving asbalanee of S593.
iHor payment of debt and interest,
1iiere was collected from leyies, 81, ,029,-
I24; eof which STAG, $40 were for the
general purposes, of. the Sinking Fund,
and S2S8, ,l54 were for theei reimburse
ment of the Temporary Loan There
were also received for the Sinking Fund.
from Surplus Revenue deposited with
counties, from sales of School Lands,
from Cana, Turnpike and Railroad div
idends, and from few other compare
lively unimportant sources, S145, ,952;;
and there were returned tothe Treasury,
Of mony drawn for the payment of in
terest, $2S,l12. These sums, with the
balance Of: :s67 ,050 from 1868, amounted
to 81 III, ,23S, which was the amount ap-
plicable to Sinking Fund purposes in
Io59. Of this amount, SSe3,070 were
used to pay interest on Foreign Debt;
$lS,216 onthe Domestic Debt; s153, 500
onatne Irreducible Debt; S12, ,759 were
applied In payment, of the expenses of
tne Fund Commissi toner's, intending the
cost of vault for their office; 81 800 in
discharge Of claim ordered to be paid
by the last General Assembly; and $62,-
528 in purchase of bonds of the Tenn
porary Loan, and other bonds to be used
in its payment. sTheaggregate .expendi-
tnre was 81, ,141 ,684, and balance was
lcftcin the Treasuryof S128, ,554s
sItswiHl be seen that the revenue pro-
Eided by law for. the payment of interest
on the Public Debt, not including1 the
Temporary Loan, was insufficient for that
purpose. The 8amount wanting was
about 5 III, ,000s There being, however,
III the treasury large sum belonging to
the Sinking Fund, derived fromthe levy
for the Temporary Loan, but,not needed
-farEit& paEment until next March, it was
thought better to supply Che deficient
amount from,that source than to resort
tosthe power to impose additional levies,
vested By the last General Assembly in
the Auditor of State The public inter-.
cst3fwas perhaps best consulted in this:
action; but it involved departure from
thatprovision of the Temporary Loan
Actg which requires the proceeds of the
leyies for its payment to be absolutely
reserved from all other applications; and
it may well be questioned whether any
advantage gained by such departure
ought to prevail over the considerations
which enjoin strict compliance with the
law. It is obvious, however, that the
additional levies necessary to provide for
the interest of the debt should have been
imposed by the General Assembly itself,