Cleveland morning leader. [volume] (Cleveland [Ohio]) 1854-1865, 1863-01-07

Aot'u'''''.''''' dJ5
The number of applications for pardon
made during the year, was l68.
A list Of the names of those pardoned by
the Governor, with brief statement Of the
reasons therefor, is herewith presented in
a communication from Judge Hoffman, pri-
vate secretary.
The report of the Commissioner of the
Reform School and Farm in Fairfield coun-
ty, herewith, present most gratifying
exhibit Of that Institution. The number
in attendance at the close of the year, was
1S5. The total expenses of the institution
for the year, were Sl9,67O 40. The high
character of the gentlemen in charge Of
this Institution, should command for their
report your favorable consideration.
The report of the State Treasurer, here
with submitted, is gratifying exhibit of
our financial condition.
1t will be seen that the payments into
the Treasury from all sources, during the
fiscal year ending on the 18th of Novem-
Der, 1862, was Sc, z39, 1923 IA, and that the
payment therefrOm, during the same pc
riOd, amounted to s., $50, 043 08, and that
the cash balance In the Treasury, on that
day, was S47S,456 40.
Under the authority derived from the
act entitled "An Act to establish the In
dependent Treasury Of the State Of Ohio"
passed April 18th, 1858, Royal Taylor,
Esq, of Cuyahoga county, Ohio, was on
the 18th day of September, a. D. 1862, ap-
pointed to examine the accounts of this
department, and count the funds in the
iron chest.
Mr.. Taylor's report Of this examination,
which was made without q moments pre-
viuus notice to the Treasurer, herewith
submitted, proves, what all who know the
Treasurer and his assistants had reason to
believe, that they are honest men and COM
! petent accountants.
In calling your attention to the report
of the Auditor of State, you are invited,
really, to the consideration of true per-
feet and full history Of all the operations
of the State government for the past year.
This officer is entitled to great credit for
the care, skill and labor he has bestowed
/ in preparing this important document
| His several recommendations are entitled
to your fullest consideration and conf
dence; and, without troubling you here
| with particular recital of them, l COM
mend what he has said to your favorable
action.
1t will be seen from this report, that the
total amount of taxes levied during the
year 1861, was SI1,O7l, l27 SO; that the
ordinary expenses of the State government
for the year, were S7I5,4l4 13; and that
there was paid, for interest on the State
debt S874, ,389 So.
That the entire Indebtedness Of the State
on the 18th day of November, A. D. 1861,
was S14, ,897, ,273 "a, of which there was
paid during the year, the sum of 1856, 6lO
73, leaving due, November Is, 1852, S14,-
IA, ,666 81.
That Of this debt, the sum of g, ,979, ,379
20 is irreducible; that of the balance
1851, ,s83 86 is payable, both principal and
| interest, at the State Treasury, and is des-
| ignated, from this fact, as the Domestic
| debt of the State, and is supposed IN he
ovv,oJl, mainly, by our citizensi and that
! SI3, 3,283, ,779 81, the balance of the redeem
able debt, is payable, both principal and
interest, in the city Of New York, from
which fact it is called the Foreign debt
owned partly by citizens Of our own State
but mainly by citizens of other States.
By the act of January 18th, 1862, en-
I UEleU " All AEL " huLuOIALC luc OhuhE
temporarily to suspend Specie Payments, y
&C., it is provided, that "any solvent
banking institution of this State, availing
itself of this suspending act, shall, during
its continuance in suspension under this
act, if required by the Treasurer Of State
furnish him with sight exchange payable
in New York, in coin, for its own notes
| in the proportion that the circulation Of
such bank bears to the circulation Of all
the solvent banks of this State, at rate
not exceeding one-half Of one per cent
premium, to the extent required TO pay
the semi-annual interest on the present
foreign debt of the State, and SO much Of
the principal as is now or may be provided
for by law
All the banks of the State, I believe, avail
ed themselves of the provisions of this act
and hence became liable, on presentation oi
their paper at their counters, each for itself
to furnish their several proportions Of the
coin required.
The sum needed to pay the July Interest
was S4O5, ,625 0O, which was promptly fur
nished BY the several banks, without exact
ing the presentation of their paper, thus saw
ing to the State the expense incident to as
sorting and presenting their paper.
The difference between coin and currency
or legal tender notes, prevailing for the pas
7. few months, was so great, that it was scarce
" TO be expected that this iberality on tht
part of the banks would be repeated, for oui
interest becoming due January lst, 1858
amounting to $780,, 500 90. Hence, the fnan
cial officers of the State wisely provided
themselves with the notes Of the ssvera
banks, for presentation. Thus provided, tn
several banks promptly met the demand upol
them. The interest, therefore, upon tha
portion of our debt, made payable out of tn
State, has promptly been paid in coin.
The interest upon our domestic debt ha
been paid, like ali ordinary transactions be
tween man and man, in what is known q
currency, which is now, and has been for som
months past, about thirty per cent. belO'