Holmes County Republican. [volume] (Millersburg, Holmes County, Ohio) 1856-1865, 1860-01-12


r 1926.
/ a more particular reriew of several brancle
OF collection and disbursement will present, i
a clearer light, the financial transactions of tn
: year. For the support of the State Governmen
and Institutions there was collected during tn
year, from levies on the Grand List, the sum 0
$603,647. Receipts from licences and auctiol
duties; from the Penitentiary; from taxes Oh
hand from claims collected. together with th
balance at the close of 1858, increased this sun
to $SS4201. From this sum several amounts
not properly constituting revenue, should h
deducted, leaving the true sum for disburse
ment, $s6S $50. Of tins there was disbursce
during the year, 1872 5a5. But as the receipt,
did not exactly represent revenue, SO neither
did the disbursements precisely represent ex.
penditures. For example, the sum of S63, ,46t
IS ehaged as disbursed. when the real transac.
ton was the placing of old claims, nominally
of that amount, Id the hands of proper officers
for collection; and the sum of $50 was sim.
ilarly charged, when the whole amount was
raid. not for general purposes, but on account
OF Public Works. under the direction OF your
predecessors. The actual disbursements for
the Executive, Legislative and Judicial depart
inents, and all the benevolent and reformatory
State Institutions including the Penitentiary
Were, therefore, $926,e3S. The balance re-
naming was $l0l ,59l.
Forthe expenses of the Public Works there,
was received from tolls and water rents on the
Ohio Canal, 81 $40. on the Miami and Erie
Canal $l14,337; on the Muskingum Improve
ment 1924. on the Hooking Canal, $l7 .30l ;
on the Walhaunding Canal $475; on the West
ern Reserve and Maumee Road $2.ls1; on the
National Road, $5,551; from sales of Canal
lands, S5l6; and from other sources, S9,92l, in
all, S246,76l. This disbursements were $780,
9S2. The apparent excess of outlay over in
come was, therefore, 10000. and this amount
was paid from the General Revenue, as has just
been stated. Of this sum. however. $84.034
was expended in payment for the Louisiown
Reservoir, and for other special purposes, out
side of the proper repairs of the year. The
real excess of cost over receipt was $S,l70.
For common schools, there were collected on
the grand list, 81 PAS, 1877. There were also
collected on the grand list, for schools, but as
part of the levy for Sinking Fund, $l53.695,-
So. This ssum was the interest on the Irreduci
Bile 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. form an aggregate for
school purposes of 81 .4ls.647, of which were
disburse1 81 ,365, ,926, leaving balance of $52,-
49,
The amount collected for School Libraries,
already stated. with The balance for the preced
ing year, was $79,579, leaving a balance of
$685.
For the payment of debt and interest, there
was collected from the levies, 81, 029, ,l84; of
which S74:0,976 were for the general purposes of
the Sinking Fund, and $238,l54 were for the
reimbursement of the Treasury Loan. There
were also received for the Sinking Fund, from
Surplus Revenue deposited with counties, from
sales of School Lands, from Canal, Turnpike
and Railroad dividends, and from few other
comparatively unimporant sources, l45 .953;
and there were returned to the Treasury, OF
money drawn for the pay ment of interest $2o,-
ll2 These sums with the balance of $67 ,050
from 1858, amounted 10 81 .270. .23S. which was
the amountapplicable 10 the Sinking Fund pur-
poses in 1883. Of this amount, 1888, ,070 were
used to pay interest on foreign debt; $l53.009
on the Irreducible Debt; $l2.759 we're applied
in payment of the expenses of the Fund Com
missioners. including the cost Ola vault for their
office; 81 $50 in the discarge of a claim ordered
to be paid by the last General Assembly; and
$62, ,526 in purchase of bonds. of the Tempora-
ry Loan, and other bonds 10 he uoed in its pay
ment. The nggrcgrate was $lI4l .6ol, and
balance was left in the Treasury OF $l2S,554
1t will be seen that the revenue provided by
law for the payment Of interest on the Public
Debt, not including the Temporary Loan, was
insufficient for that purpose. The amount want
ing was about $Il4,00O. There being, howev-
er. in the treasury a large sum belonging to the
Sinking Fund, derived from the levy for the
Temporary Loan, but not needed for its pay
meni uptII pext March it was thought better to
sunnlv the deficient amount from that source |
than to resort to the power to impose additional
ley1es vested bv the last General Assembly in
the Anditor of State. The public interest was
perhaps best consulted in this action; but it in
volved a departure from that provision of the |
Temporary Loan Act. which requires the pro-
ceeds of the leyies for its payment TO be abso-
lutelv reserved from all other applications; and
it nav we'll be questioned whether any advan- |
tape Gained by such departure ought 10 prevail |
over The considerations which enjoin strict COM
plianee with the law. It is obvious. however,
that the additional leyies necessary to provide |
for the interest of The debt should have been i'm
posed by the General Assembly ITSELF fully ad- |
vised as it was, as to the amount of interest |
and the inadequacy of the provisions made for |
it. The responsibility of the necessary taxa
tion should have been assumed by the Legisla-
ture instead of being imposed upon the Audi
tor.
A tabular statement appended to this COM
muuicatiop. and numbered /, exposes at one
view the number of acres of land on the Grand
List, their value, the value Of taxable town-lots
and cbattels. the several aggregates of State,
county and local .eyics, and the rates of levy for
State purposes in the last eight years. 1t will I
be seen that the average rate of taxation in the
first half of that time exceeded considerably
hat in the last half; while the aggregate reven-
ne of the last half exceeded that of the first
This result was produced by the larger average
basis of taxation in the last period More than