The weekly Portage sentinel. [volume] (Ravenna, Ohio) 1854-1861, 1861-01-16
Balance Nov. Is, 1860,

Balance Nov. IS, 1860, 5000 IS
The re -apprasement of real estute, sab,
iect to taxation, N de in 1859, a. corrected
AID equaIized by the Site B 4,d of ECuaii-
zatioo st winter carried to the grand
duplicate o. The State Ia 1850 The qusn-
tity o. land MT in cities nd villages. as en
tired upon the duplicate q 1860, is 25,Sl1,
7O5 acres.
Valuation thereof, 432 593,5ST
Value of real estate in cities and villa
Ses, IA ,3Oo' "a
Total value of taxable property
ia 1860, 9a8 ,3O2;61i
As compared with the several amounts ou
the duplirete- OF 1859, ibis hows n Increase
ia the quantity OF land OF 100 500 acres:
Inc ease in the value of land, not in
the cities and villa of 5i,I53,9t7
Decrea of value OF real estate in ci-
ties and villages, OF s,372.6sO
Total increase in valus Of real estate 45,786,3O7
nreDorty. 1887 ,657
The basis Of tx ion being 1888, 302,.
6O2, and the State levy Tor oil purposes
thirty nine and a half cents On each one
huudrad dollars OF valuation, the tot.l
amount of taxe- for State purposes on the
duplicate Of 1860, to b. collected during the
wear 1861, is $3,5O3,712 SO. Thls sum is
di-tributed amoog toe several funds in the
following proportion, viz
The general revenue, cents on each
one hundred dol lars, 709,3s6 "a
The sinking fund Ia ceuts on each one
hundred dollars, l,JJi,l1j IL
The Common school Fund, IA cents on
each one hundred du'iars, l,242,oli -
The taxes levied by local authoriti. >
smount to 81 3l3, 963 Al, making total o.
$40 8l7 67G "a, levied on the duplicate OF
1860.
Frol these exhibits, it will be seen tina,
the taxes levied or local md municipal pur-
poses tar exceed in amount those levied tUF
State purposes. cannot doubt that with
proper vigilance and economy, the local tx
es might be considerably easened. The
property holders OF our cities most particu
Iarly esl these burdens aad with great jus
tice ask toJ some prescribed limit to local
texation. Ample authority is given 6y the
Constitution to the Legislature TO restrict
the Ievies OF municipal so0eEnments. | re-
speCtfujly call your attention to this impor.
tant subject, and trust that you may be able
to provide some reliet for the people from
the oppressive local taxes with which they
are now buFdened.
invite your attention to the suggestions
OF the Treasurer OF State, relating to the de
scrption OF funds to be received in payment
OF the public dues. The law establishing
the Independent Treasury, while providing
tor the gradual prohibition of payments in
paper money by the State and County Trea-
surers, and restricting the payments to gold
and silver after the 4h day Of July, 1865,
does not prescribe, the kind of funds to De
received by those officers. This in mani
festly deect in the law, and is inconeist-
ent, with it's frame work and purpose. The
responsibility ought not to be imposed upon
the TreasIrers, to prescribe the kind oil
funds to be received in payment OF the pub
lie dues. This should be doae by the Gen
eral Assembly. My own opinion is, that
the public interests would be promoted by
restricting such payments to specie. and the
notes OF the specie paying Banks of this
State, and respectfully reconmsnd tina
the law be amended accordingly.
The subjects OF bunking and currency
address themselves with equal force and di
rectness to the people OF the State. What
ever theories we may entertain on thest
subjects; whatever ingenious and beautifu
visions OF people without banks, and golt
and silver their only currency, the practica
!! realities aEe before us;-We have. banks