The Jeffersonian Democrat. [volume] (Chardon, Ohio) 1854-1865, 1860-01-13
oscs ofSl4Is o47. Of which wore disbursed

Tho amount collected for School Libraries
already stated, with the balance Tor the pro.
ccding year. was sS0l73. The amount dis
bursed was SIS, ,579, leaving q balance Of
S593.
For payment Of dobt and interest there
was collected from Levics, 81 ,029 l24, OF
which, $40. go we're for tho general pur-
poses of the Sinking Fund. and S2SS, l54
we're for the reimbursement OF tho Tempo.
rary loan. There we're also received for the !
Sinking Fund, from Surplus Revenue de-
posted with counties, from sales Of School
lands, from Canal Turnpike and Railroad
dividends, and from few othor compare. |
tivele unimportant sources, Sl45, ,952 and
thnro were returned to tho Treasury, of
money drawn for tho payment Of interest
S2S,ll These sums with tho balance of
S67. $50 from 1858, amounted to 81 ,270. .235,
which was the amount applicable to Sinking
, Fund purposes in 1859. OF this amount,
St5S3, ,0TO were used to pay interest on for
egn debt; SlS,2l6 on the domestic debt;
Ssl5i 800 on tho irroducble debt; Sl2,158
were applied 10 payment Of the expenses Of
I Tho Fund Commissioners, including the cost
of vault for their Office; &! $50 in dis.
charge of claim ordered to be paid by the
! last General Assembly; and S62,52S in
purchase of bonds of tho temporary loan,
! aud other bonds to be used in its payment.
| Tho aggregate expenditure was Sl,l4l ,GSi,
and q balance was left in the Treasury OF
Sl2s,554.
| 1t will be seen by the revenue provided by
law for the payment of interest on the Pub
lie Debt, not including tho Temporary Loan,
was insufficient for that purpose. The
amount wanting was about Sll4 600. There
being. however, in tho treasury a large sum
belonging to the Sinking Fund, derived from
the levy for tho Temporary Loan. but not
needed for It's payment till next March, it
was thought better to supply this deficient
amount from that source than to resort to
the power to impose additional !eves, vested
by the last General Assembly in the Auditor
of State. Tho public interest was perhaps
best consulted in this action; but it involved
! u departure from that provision Of the Tenn
porary Loan Act, which requires the pro.
, ceeds of the lcvies for its payment to be
.; absolutely reserved from all other applica.
0 tions and it may well be questioned wheth-
: or any advantage gained by such departure
r ought to prevail over the considerations
: which enjoin;strict compliance with the law,
t 1t is obvious, however, that tho additional
: lcvies necessary to provide for tho interest
o. of the debt should have been imposed by
o. the General Assembly itself, fully advised
, as it was. as to the amount of interest and
= the inadequacy Of the provision made for it.
!, Tho responsibility Of tho necessary taxation
should have been assumed by the Legisla
n ture instead Of being imposed upon the
t Auditor.
@ A tabular statement appended to this
D communication, and numbered 10, exposes
= at ore view the number of acres of land on
tho Grand List, their value, tho yaluo oi
r taxable town.lots and cbatt.cs, the sevcra
n aggregates Of State, county and local levies
s and tho rates of levy for State purposes il
i each Of the last eight years. 1t will be seer
J. that the average ratio of taxation in tho frs
half of that timo exceeded considerably thai
u in the last half; while the aggregate revenue
q OF the last half exceeded that of the first
S, This result was produced by the large
s. average basis of taxation in tho last period
& More than the whole excess Of levies was 70
;; school purposes and the payment Of debt
10 contracted in the first period.
1t Another tabular statement, numbered
n, II, will show the yearly disbursements 70
III Legislative, Judicial and Executive ex
y penses; for the expenses OF the Benevo
~ ~ lent and Reformatory Institutions, and o
~ ~ account Of the Public Works, for ;hre
periods OF four years each-the first i'm
in mediately preceding, and the two Other
nd Immediately following the adoption OF II
n: existing Constitution. 1t will be see
Cd upon inspection Of it, that the expense
ne were largely increased after the adoptic
i, of the Constitution; but that they ha,
"a been considerably less during the thir
SO than during the second OF these period
The average yearly expenditures fro
raj l848 to 1851 was S738.775; from l6t
mt 10 1855 inclusive, adding to the apparel
II amounts the Unauthorized debts contra
nc nc ted within those years and subsequent
-, paid, 81 ,O95, 8e4; from 1856 to 1859 il
Of elusive, deducting from apparent amour
,c. paw ments on account Of debts previc us
I'M contracted, 1895, 533. When it is remen
ID. bered that during the last period The Pul
OF lie Works have become charge upc
I'M the General Revenue; that the two ne'
VI Relormaiory Institutions have been o
~ ganized; that large additions have bee
,U No made 10 the list of judges; that the Conn
id troller's office has been created; that for
er sessions of the Legislature have been helC
mt that number Of salaries. especially
of Judges and officers on the Board of Pal
he lie Works have been increased, and oth'
,ld new expenditures have been directed
nS "S the Legislature, may it not be hoped tn
an an the results Of those four years will be a
raj cepted as evidence at least of sincel
ks, desire and endeavor, on the part Of Il
RS. Executive Officers, TO perform faithful
We, their duties 10 the people?
nd Besides the advance from The TTeasu
l!e for repairs OF The Hooking Canal, whi
rSS rS' has been heretofore explained TO the lie
- islature, and will be again fully explain
rks in this communication, am aware Of
ter expenditures beyond appropriations a
the no debts incurred without authority, dI
the ing the last two biennial periods, viii
'ne will embarrass the finances, or ,oppress
nu' revenues for future years.
| naI Permit lie now TO invite your attent
,ds to some observations upon the Put
in Debt of the State. That debt, | M
,ere hardly repeat, is Of two descriptions;
tIay Reducible aud the lrreducible. The
and ner represents loans from capitalists;
eral latter represents the proceeds Of Sch
M TINS Funds granted by Congress. The
'SS eSr mer may be reduced by payments;
,nor % latter must continue TO increase as
cost proceeds Of school lands are used I
fuIded as now directed by Jaw, and un
cted the existing pledge of six per cent. to
we're purpose for which the School Lands W