The Cadiz Democratic sentinel. [volume] (Cadiz, Ohio) 1854-1864, 1860-01-11

Sinking Fund; seycn-tWCntlethS for re-
endorsement Of Temporary Loan; and
seven-tenths for general expenses of
State Government. These levies, in
the aggregate, amounting to three mills
and eleven-twentieths on the dollar, as
sessed upon the taxable valuation of
S840, 0,S00,03l, exhibited by the Grand
List of 1853, would have produced. if
fully collected, F2, 2,984,s4o The differ
ence between this sum and the revenue
actually rcceived-about forty five thou
sand dollars-is attributal to costs of
collection, variations between delinquen-
cies unpaid and delinquencies collected,
and errors in assessment.
The principal sources Of revenue, 9TH
er than levies, are Tolls and Water
rents on the Public Works; collections
of Surplus Revenue; Proceeds of sales
of lands; Convict labor; arl Canal,
Turnpike and Railroad Dividends. OF
receipts from these an other sources be-
sides levies, some, classed as revenue,
cannot properly be considered SUCH
Proceeds of over-work Of convicts, for
example, and collections on old claims,
and advances from contingent Of Exec
utive Officers are not properly revenue;
but either simple deposits, or means
made money, or mere transfers from
one account to another. it is to be OBJ
served, moreover, that more than the
whole realized from all sources, except
levies, Is either absorbed by the expen
ses Of the Public Works, and the Peni-
tentiary, or specifically appropriated to
the Sinking Fund for the payment Of in
terest and principal of the Public Debt.
For the annual expenses of the State
in Education, for Benevolent Institu
tions and for all departments Of the
State Government, no substantial reli-
ance can be placed on any other sources
Of revenue than the annual levies.
The whole amount Of disbursements
during 1859, upon all accounts, was
S3,552,304, and the balance in the
Treasury at its close, was S193,276.
A more particular review of the scv-
eral branches of collection and disburse
ment will present, in still clearer light,
the financial transactions for the year.
For the support OF the State Govern
ment and institutions there was collect
ed during the year, from levies on the
Grand List, the sum of sG03,G47. Re-
ceipts from licenses and auction duties;
from the Penitentiary; from taxes on
Banks and from claims collected, to-
gether with the balance at the close of
1858, increased this sum to 1854, ,107.-
From this sum several amounts, not
properly constituting revenue, should
be deducted, leaving the true sum for.
disbursements, S868,95o. Of this there
was disbursed during the year, $78o,-
585. But as the receipts did not exact
ly represent revenue, so neither did the
disbursements precisely represent OK
penditures. For example, the sum of
1853, 400 is charged as disbursed, when
the real tranaction was the placing of
old claims, nominally of that amount,
in the hands OF proper officers for col
lection; and the sum Of S9O,2O0 was
slmilarlarly charged, when the whole
amount was paid, not for general pur-
poses, but on account of Public Works.
under the direction Of your prcdcces-
sors. The actual disbursements for the
Executive, Legislative and Judicial de-
partments, and all the benevolent and
reformatory State Institutions, incud-
ing the Penitentiary, were, therefore,
$626,8 ,838, The balance remaining was
SlOl,59l.
For the expenses of the Public Works
there was received, from tolls and wa
ter rents on the Ohio Canal, $7l,442;
dn the Miami and Erie Canal, $l14.337:
on the Mnskingum Improvement sl8,-
274; on the Hooking Canal, sl7,3oI; on
the Wolhonding Canal, $475; on the
Western Reserve and Maumee Road,
s2,i8I; on the National Road, 5,55l;
from sales of Canal lands, S5I6, and
from other sources, S9,92l; in all, s246,-
ISL. The disbursements were $780,
9s2. The apparent excess of outlay
over income was, therefore, 800, 200,
and this amount was paid from General
Revenue, as has just been stated. Of
this sum, however, SS4, 4,034 was expend.
ed in payment for the Lewistown Res
ervoir, and for other special purposes,
outside of the proper repairs of the year.
The real excess Of cost over receipt was
s6,170. r..
For common schools, there were col
lecteced on the Grand List, PAS, 797.
There were also collected on the Grand
List, for schools, but as part of the levy
for Sinking Fund, $i53,695 50. This
sum was the interest on the Irreducible
Debt, created by the appropriation OF
the school lands to general State purpo-
scs. The two sums with the balance
from the preceding years, formed an ag-
gregate for school purposes of Sl,4l8,-
CAT, of which were disbmsed 1885,.
928, leaving a balance Of s52,7l9.
The amount collected for School Ii
braries, already stated, with the balance
Of the preceding year, was $sa, a,l73.-
The amount disbursed was $79,579,
leaving balance of $593.
For payment of debt and interest,
there We're collected from levies, 81 ,o2a,-
1874; of which $40, 97O were for the
general purposes of the Sinking Fund,
and s288,l54 were for the reimburse.
ment of the Temporary Loan. There
were also received for the Sinking Fund,
from Surplus Revenue deposited with
counties, for sales of School Lands,
from Canal, Turnpike and Railroad div
idends, and from a few other COM
paratively unimportant sources, $l45,-
952; and there were returned to the
Treasury, of money drawn for the pay
ment of interest, $2s,llo. These sums,
with the balance of s67o50 from 1858,
amounted to $l,270,2 ,23e, which was the
amount applicable to Sinking Fund pur-
posese in 1859. OF this amount $685.
07o were used to pay interest on For