Ashtabula weekly telegraph. [volume] (Ashtabula, Ohio) 1853-1873, 1861-01-19
ASHTABULA. o. SATURDAY MORNING. JANUARY 19. 1861.

values Of the State, amounting TO 1900 900 900,
N round numbera. With such resources NJ her
command, 10 does not seem reasonable that Ohio
should look to loans 70 meet hcr aucfui1g iahili-
ues--so tnconsiderable when compared with her
resources--unless the increased tan over the
Preaent levy which viii Be required 10 meet those
liabilities within reasonable time, would im-
pose an unnecessarily heavy burden upon the
people. Such do not think would result from
ths adoption Of the proposed plan. -, !.
The levy for the year 1861 for the payment Of
the interest aud the gradual reductions Of the pDb-
lle debt q one and iour-tenths Of mill Ono the
dollar. The same levy continued would result
IN the reduction Of the public debt in January,
1871, to the sum Of eli $40 392,90. Tbs amount
70 be raised ip The meaniime 70 meet the sacFu-
ing interest and principal Of the debt BY TAXATION
ALI the other sources Of the Sinking Fund be-
ing nearly exhsusted~-would be $500 .os3 81,
making the sums paid 10 January, 1874. and TO
be paid thereafter on the principal Of The debt,
Instead Of adbaring 10 shis mode Of paying
the public debt, the Auditor prcposesaH addition
OF six-tenths Of mill op the dollar 20 the pres
ent levy, making the entire levy two mills on the
dollar, which will provide sufficient sum to
meet the accruing interest, and those portions Of
the principal Of the debt maturiag prior 10, and
on the fret day Of January, 1871, leaving then
only Sa0O0,O 900 Of the debt uapaid.
Under this plan the amOurt Of principal
Paid from Jan. I, lssl. 20 Jan. 1, 1871,
woaidSs. - 80 :seaozss 50
E.kng the sOtslpaid on principal sndin-
Adding 70 nj; the pTSsp. 81 iis Ssss
rsmaioine anpaid Jam lsTI-----..--.- a,o0o.00e %
And the total amount paid to Jan, 1871, II
and to be paid thoroafsg, would bs 41e S73,<Tt 20
This 81 $50 99l W less than would have 10 be paid
as the present system prF 70, and 90 the ls Of Jan
n Of ~ ADJ
Ssd that while ne ncr.sssa ;GasOn n:csarS to con-
sanmste the plau VII amount less than twenty-five
sgntR each nhab tsnt Of hs Stata aar the
1870 the people WIN bs relieved Of thres-afths o. shs
levy IS ths reuaaing t~oafhs III yield aueasient
at It's mttsrfy, Of the principal Of the rsnaineg
millions q the pahlis debt.
Ths SSiiosias statement exhibits the amount and a.
Beripton Of the eutirs debt Of the State s-t
YoRRIcs DEBT or TIN STATE.
par cent due in 1895. q, ,ti9s2s "a
eper cent due in xlssssl %
ss1 csnt Sns A. tssf . se IN a.
sPsr cent sla IseI tts@poTsry iosn.j $4,000 %
socs das iH 1850. not barring iassrssi i.iSS s.
Total Foreign Dsbt---...-..-......-. t1aszso2S 50
DONEsTfo noxDs
Ie,ued under aet Of Fob IS, isls fs5h And
Issued unSsr he sst Of Feb. 7s, IsEs, snd
Is.usd under tho act Of March =, IsIa, Faith
and credit mot bsaring into est. .a $50 90
nss. sssS SS.s Ssss. &.
Total Domestic Bonds ........ sl7f 2IO 80
Irredueabie Stats Debt, per cents, t2sJ1.ao0 50
RIcAPIruLart0s.
Foreign nDsbt.--......-..-.... -. siss7sszs So
Domestic Debt, ebt,.-.-.-.............--. 27Taf0 90
Irret1ekble Debt. 7.o77 800 81
TOtAtDest. sissI1 ,ss4 n
The receipts snd Of the st.se during the
0anal dan. Anp
eERERAE SUMMARY or REozIrTs AND DisBuRsxxENrs
General Revenue, $50, ,z92 90
Sinking Fund 1,S6t,6es fe
Cansl Fund. l3i BTl o.
Common School Fund, 1,2S6,5a6 "a
District School Library Fund, e2,7is rs
National Road Fund, lG05I ss
Three per cent Fund, 10 o.
Total Receipts, 93s77,7is II