Western Reserve chronicle. [volume] (Warren, Ohio) 1855-1921, 1860-01-11

I 552.JOI, and the balance IN the Treasury
t at its close was SI93,276.
: A more particular review of the several
, branches Of collection and disbur sement will
present in a still d,arer light. the fnan-
cial transactions of the year. For the
support Of the State Governmcntand InSti-
tutions there was colle;ted during the. year.
from levies on the Grand List, the sum of
) SjO},6I7. Receipts from licences and AUG
tionluties; from the Penitentiary; from taxes
on banks and from claims collected togeth-
/ or with the balance at the close of 1853.
, increa:cd this sum to S5Sf,l07. From
= this sum several amounts. not properly
, constituting revenue, should be deducted,
; leaving the true sum for disbursement
7 S36S, $50. OF this there was disburScd
during the year S7S25S5. But as the re-
ceipts did not exactly represent revenue,
so neither did the disbursements precisely
, represent expenditures. For example, the
sum of Sj3,4GO is charged as disbursed,
when the real transaction was the placing
of old claims; no minally Of that amount, in
the hands of proper officers for collection;
and the sum of 10000 was similarly
charged when the whole amount was paid
not for general purposes, but on account
Of Public Works. under the direction Of
your predecessors. The actual dis5ursc-
ments for the Executive. Legislative and
Judicial departments. and all the benevO-
lent and reformatory State Institutions, in
cluding the Pcnitentiary. were therefore,
Sj2j,S3S. The balance remaining was
SIOI.59I.
For the expenses of the Public Works
there was received, from tolls and water
rents on the Ohio Canal, SLAP; on the
Miami and Erie Canal, Sll4,337; on the
Muskingum Improvement, SlS,574; on the
Hooking Caral, SI7,30I; on the Walhond-
ing Canal, Sl7j; on the Western Reserve
and Maumee Road, S2,ISl; on the Nation
al Road Sj,55l;bfrom sales of canal lands,
SIG; and from other sources. SJ,92l; in
/ all, S246,7S1. Tie disbursements were
S}36,9S2. The apparent excess of outlay
over income was, therefore 10000, and
this amount was paid from the General
Revenue, rs has Just been stated. OF this
sum. however, S34,034 was expended in
payment for the Lewistown Reservoir, and
for other special purposes, outside of the
properrepairs of the year. The real excess
OF cost over receipt was Sj,l10.
For common schools there were collected .
on the grand list, Sl,2i3,797. Their, .
were also collected on the grand list, for .
sthool., but as part Of the levy for Sinking
Fuud, Sl53,695 90. This sum was the
interest on the Irrcducible Debt, created
by the appropriation 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 Sl,419,647, of which
were disbursed Sl,36j. 1928, leaving a bal
ance of s52,7I9.
The amount collected for School Libra
ries, already stated. with the balance for
the preceding year, was S39,l73. The
amonat disbursed was S79,579, leaving
b.lance Of SJ93.
For payment of debt and interest. there
was collected from Lcvics, SI,029,I2l; of
which S740.970 were for the general pur-
poses of the Sinking Fund. and S235,Ij4
were for the REIN 1lrsemcnt Of the Tempo
Iarv loan. There were also received 1or
the Sinking Fund. from Surplus Revenue
deposited with counties, from sales of
S-ho0l lands, from Canal, Turnpike. and
RIilroad dividends, and from few other
comparatively uuimpo-tant sources, Sl45,-
9j2, and there were returned to the ircas- :
ury. OF money drawn for the payment of
interest, S25,Il2. These SUMS with the
balance Of $1,000 from 1858, amounted :
to SI.27O,233. which was the amount ap-
plicablc to Sinking Fund purposes in 1859. {
OF this amount, S 3,070 were used to pay I
interest on foreign debt; SIS,2I6 on the
domestic debt; SI2,759 were applied in
payment Of the expenses of the Fund Com
missioners. including the cost of vault
for their office: $3.50 in discharge of q
C aim ordered to be paid by the last Gener-
al Assembly. and Sj2,j25 in purchase of :
bonds Of the temporary loan, and other
bonds to be used in its payment. The ag- o
grcaate expenditure was Sl,I4I.6S4 and
a balance was left in the Treasury Of Sl23,-
SOL q
1t ill be seen by the revenue provided
by law for the payment Of interest on the (
Public Debt. not including the Temporary a
Loan, was insufficient for th-t purpose
The amount wanting WAS about Sll4,000. :
There being. however, in the treasury q
large sum belonging to the Sinking Fund, u
derived from the levy for the Temporary s'
Loan. bat not needed for its payment till T
next March. it was thought better to sup u
plv this deficient amount from that source Il
than to resort to the power to impose ad-
ditional levics. vested by the last General :,
As emily in the Auditor Of State. The I
public interest was perhaps best consulted =
in this action; but it involved departure =
FROM that provision Of the Temporary Loan =
Act, which requires the proceeds of the lev =
les for its payment to be absolutely rescry- =
ed from all other applications; and 1t may u
well Ic questioned whether any advantage I
gained by such departure ought to prevail :,
over tie considerations which enjoin strict :; !.
compliance with the law. 1t IS obvious, |"
however. that the additional l2vies neces-
,ary to provide for the interest Of the debt +
should have been imposed by the General =
\ lsscmbly itself fully advised as it was, L
Is to the amount Of interest and the ina 7
lequaey Of the provision made for it. The =.
Of the necessary taxation r
should have been assumed by the Legisla- :. -
ure instead of being imposed upon the =
Auditor. =
A tabular statement appended to this to
and numbered exposes h,
It one view the number Of acres of land on n,
he Grand List. their value, the value of I;
.ax bic town-lots and chattels, the several q,
lggre-ates Of State. county and local levies, S
md the rates Of levy for State purposes in %
zach Of the last eight years. 1t will be b
seen that the average rate Of taxation in Ii
.he first halfof that time exceeded cOnsid- v