The Weekly Perrysburg journal. [volume] (Perrysburg, O. [Ohio]) 1861-1???, 1863-02-18
srArr ArpIroR,s REpvnr.

stract of the receipts and disbursements Of
the several funds during the sainc period.
The balance remaining in the Treasury
November 10, 1861, was Sl29,l7G I3. Du-
ring the past year, including the balance
on hand at the close of tho previous year
there was received SG,3GS, ,l99 81, aud the
disbursements 10y the Treasurer, during the
sand period amounted to S5,s90, ,Ola0s,
leaving in the Treasury November 10, 1867,
Sl7S,ijG 80.
The total estimated receipts Ior the year
1868, arc placed at SI,6Si,32l lG. The to-
tai estimated amount OF tho expenditures
for the same period is placed at I,2Il,.
l36 GO. These estimated receipts aud dis
burscmcnts are to be regarded as approx
nations only. The Auditor does not in.
cludo in them the Bank Redemption and
Soldiers Allotment Funds, as ii is neither
necessary nor important that they should
he. The State ia only trustee OF these
funds, having neither interest nor control
in them aside from thoir disbursement to
tho proper sources in the mauner pre-
scribod by law,
The Auditor Is of the opinion that the
levy Of one mill will raise sufficient revenue
for all ordinary expenses Of the State Gov
ornment. including those of the Executive,
Legislative and Judicial departments, the
Benevolent Institutions, the Pcnitontiary,
Board of Public Works, and other general
objects, as also such military expenses as
may he properly incurred during the exist
ing war, and of character similar to those
Of the past year. The cost of administering
the government, aud supplying the several
State Institutions, may exceed the estimates,
because of the increase in the prices of ma
tcrials consumed and Of the wages of labor;
this increase has been considered in making
up the estimates, and should n further ad.
vance occur. which is not at all improbable
the expenses will exceed the estimates.
The foreign debt of the State will hp re-
duccd during the current year near half y
million of dollars, and further reduction
will he made annually. The mos: important
question, however, relative TO this debt, for
the consideration of the Legislature, is the
future payment of its interest in coin. And
il Is very plain, the Auditor adds, that one
of the three following pIaus must necessa-
rily he adopted:
First-To abandon coin payments Of
interest;
Second To authorize the purchase of
coin in tho market with II sufficient increase
of taxes 70 pay the premium; or,
Third-Io require the payment of u suili-
cicut portion of the taxes in coin.
In the present condition of the financial
interests of the state, and in view of the
cxigencies of the times, the Auditor deems
it beneficial to the public, and wise if the
banks should reduce their circulation. The
condition OF the country is favorable to
can not be reduced at present, and the pa
per currency now i'll circulation ia greatly in
excess over the wants and necessities of
the people. The process of reduction
e"'"'" w %'"'""' "'u "'"'o'" WV" "'' "'c
banks, and to this end should he prescribed
10y law. Ilcdccms il probable that Congress
VIII authorize the organization OF banks,
ard thc issur or h,nI, rirrulntinu uunu the
"l'" ''e
pan IoreshauoWeu III lhe lale report OF inc
Secretary OF the Treasury, thus establishing
now ana UNIFORM system ui hahklhg
throughout the United States. to be suhsti.
n
'"'o" !" '"' ''' "' o'heIS' ana II may DC
wise, not only tor the banks. hut for the
,, !. - -
PcoP'' "'S"' l" Pi'P"' 10 accept II aS the
system upon which the business of banking
:: I