The Portage County Democrat. [volume] (Ravenna, Ohio) 1854-1868, 1860-01-11


S226 .ll8. The total sum subject to disburse-
ment in 1859, was So 746 272.
OF this sum S22 900 was realized from
drafts in anticipation of the revenue of 1850;
So 939, ,733 were receiTed from leVies, on the
Grand List Of 1858, of fene mill and a half on
the dollar for Common Schools; oue-tenth of
a mill for School Libraries nine-tenihs for
Sinking Fund; seven-twentieths for reimburse.
ments of Temporary Loan and seven-tenths
for general expenses OF State Government
These levies, amounting in the aggregate to
three mills and eleven-twentie:hs on the dol.
lar, assessed upon the taxable valuation of
S840. 800 03l exhibited by the Grand List of
1858 would have produced, if fully collected,
So 984, $40. The difference between this sum
and the revenue actually received = ab oat
forty-ive thousand dollars-is attributable to
costs Of collection, variations between deln-
quencies unpaid and delinqueneies collected,
and errors in assessment ..-..- .-sf
The principal sources of revenue, other
than levies, are Tolls and Water-rents on the
Public Works collections of Surplus Reve-
nue.; Proceeds of sales of lands; Convict la
bor and Canal, Turnpike and Railroad Div
idends. OF receipts from these and other
sources besides leyies, some, classed as reve-
nue., cannot properly be considered SUCH
Proceeds of over-work of convicts. for exam--
Pile, and collections on old claims, and advances
from contingent funds of Executive Officers
are not properly revenue but either simple
deposits, or meaa4 made money, Or mere
transfers from one account to another. II is
to be observed, more ser that more than the
whole realized from all sources, except ievies,
is her absorbed by the expenses of the Put
| lie Works, and the Penitentiary. or specifically
appropriated to the Sinking Fund for the
payment of interest and principal of the Public
Debt. s
| For the annual expenses of the State 10
| Education, for Benevolent institutions and for
all departments of the State Government, no
substantial reliance can be placed on any other
sources of revenue than the annual levies.
The whole amount OF disbursements during
| 1859, upon all accounts. was 1852, ,304. and
the balance in the Treasury at its close, was
$193276. '
A more particular review of the several
branches of collection ard disbursement will
present. in still clearer light. the financial
transactions Of the year. For the support OF
the State Government and Institutions there
was collected during the year, from levies on
! the Grand List, the sur Of $603 SAT. Re
ceipts from licenses and suction duties from
the Penitentiary; from taxes on Banks and
from claims collected, together with the bal
ance at the close of 1858, increased this sum
to 1884 107 From this sum several amounts
not properly constituting, revenue. should be
/ deducted, leaving the true sum for disburse-
ment, 869 $50 OF this there was disbursed
during the year, $782. 685 Bat as the re-
ceipts did not exactly represent revenue, SO
neither did the disbursements precisely repre-
sent expenditures. For example. the sum oi
$63, ,460, is charged as disbursad, when the rea
transaction was the placing of old claims. nom
iually of that amount, in the hands of the
proper officers for collection and the sum o.
500 200 was similarly charged, when the whole
amount was paid. not for general purposes
hut on account of Public Works, under the
direction of your predecessors. The actua
disbursements for the Executive, Legislative
and Judicial departments, and all the benevo-
lent and retormatory State Institutions in
cnding the Penitentiary. we're, therefore. 626 :
838 d,llars The balance remaining wal
4 10l SCI -dollaIs.
For the expenses of the Pablic Works there
was received, from tolls and water rents OF
the Ohio Canal, 71,442 dollars; on the Miam
and Erie Canal ia 237 dollars on the Mus
kingum improvement 1924 dollars on the
Hooking Canal, II 30l dollars; on the Wal
Ihonding Canal, ATS dollars on the Western
Reserve and Maumee Road 2,l81 dollars; or
the National Road, 5, ,55l dollars from sales
of Canal lands, SIG dollars, and from othel
sources, 1921 dollars; in all. 246 78l dollars
The disbursements were 336 982 dollars. The
apparent excess of outlay over income was
therefore, 10000, dollars and this amoun,
was paid from the General Revenue, as ha.
lust been st ted. Of this sum, however, "a :
034 doll lrs was expended in payment for the
Lewiston Reservoir and for other special pur-
poses, outside of the proper repairs of tht
year. The real excess of cost over receip
was ITO dollars.
For common schools there were collected
on the grand list, 1,249,797 dollars Ther;
were also collected on the grand list for schools
but as part of the levy for Sinking Fund. 153
sos SO dollars. This sum was the interest OF
the lrreducible Debt, created by the appro-
priation of the proceeds of the school land
to general State purposes. The two sums
with the balance from the preceding year
formed all aggregate for school purposes O
I Alb CAT dollars, of which were dishurset
!, 1865 928 dollars, leaving balance of So Ills
dollars. ts~ti
The amount collected for School Libraries
already strted with the balance of the pre-
lCGulIS year, Was on 10 uOlldtS- i H6 dnOQ0
disbursed was Is, ,579 dollars, leaving balance
of 593 dollars
For payment of debt and interest ther,
! were collected from leves, 1929 ,l24 dollars
of which 740 $40 dollars we're for the genera
purposes of the Sinking Fund and 299.154
dollars were for the reimbursement of th
Temporary Loan. There were also receives
for the Sinking Fund, from Surplus Revenue
deposited with counties, from sales of Schoo
Lands, from Canal, Turnpike and Railroad
dividends, and from a few other compare
; lively unimportant sources, 145, 952 dollars
: and there were returned to the Treasury, o
: money drawn for the payment of interest, %,
= IL dollars. These sums, with the balance o
67050 dollars from 1858, amounted to ,27O,
238 dollars, which was the amount applicable
to Sinking Fund purposes in 1852 OF thi
amount $883.070 we're used to pay interest Oh
the Foreign Debt 1926 dollars on the Do
J mestic Debt; l53 809 dollars on the Irreduci
BILE Debt; 1879 dollars were applied in pay
, !, meut of the expenses of the Fund Commits
Z sioners, including the cost of vault for thei
Office 1900 dollars in discharge of claim
ordered 10 be paid by the last General Assem-
bly, and 62,828 dollars in purchase of bond
of the Temporary Loan, and other bonds t.
be used in its payment. The aggregate ex
penditure was 1,141 ,6s4 dollars, and balanc
: : was left in the Treasury of l28,554 dollars.
= 1t will be seen that the revenue provided b
law for the payment of interest on the Publ
9 Debt, not including the Temporary Loan, wa
:. insufficient for that purpose. The amour
y wanting was about 1l400O dollars. Their
9 being, however, in the treasury large sur
belonging to the Sinking Fund, derived fror
: the levy from the Temporary Loan, but nc
u needed for its payment until next March, i
!, was thought better to supply the defcieu
Le annnnf from that snnrcn ihnr rOr1,.4 A. IL