Daily Ohio statesman. [volume] (Columbus, Ohio) 1855-1870, 1866-01-03
Q0blo Statesu1arr, ties
Report of the Treasurer Of State.
TREASURY DErARTMENT OF On SoDa1ro'}

i present herewith statement of the
condition of the Treasury, and'of the sew
eral funds, in the form required by the acts
of the General Assembly, showing the
movement of the same during the past
year. IyaIs JD-i.a I'D. ~ ...
The receipts from all sources have been
thirteen millions two hundred and forty
six thousand one hundred and sixty-nlne
dollars and sixteen cents (including bal
The disbursements have been twelve mil
lions four hundred and ninety thousand
and eighty-three dollars and twenty-four
cents ; leaving an available balance at this
date of seven hundred and fifty-six thou
sand eighty-ive dollars and .ntnety-two
cents. ,'.. ''A.. .'. q
The transactions OF the Department have
been materially augmented by the !.
soLDIERs ALLOTMENT MONEY,
of which the receipts have been $A435,-
420 90. The total collected OF soldiers by
State Agents and paid into the Treasury,
since the State, in February, 1862, under
took the transfer of money from the SOL
diers to their families, amounts to the large
sum of $S,470,49 76. OF itself, high en-
comium on thee character of Ohio soldiers,
who, amid the privations Incident to life in
camps, could find to spare from their small
q contribution. Equally matter of COM
mendation is it, as the evidence OF how
faithfully were the wants of the soldier
cared for by the Government and the be-
nevolent societies, who followed him on his
march, and in hospitals, and were solicit
Gus for his comfort eVerywhere--One OF the
means, undoubtedly, as a silent force, by
which the ultimate victory has been at
tanned. -gll r-r. q o..
OF this fund there appears balance in
the Treasury OF $54, l9l.07, which has prob
ably been paid over to soldiers or their fam,
lilies, by the County Treasurers, who hold
the warrants againstthe State Treasury
| This large business has been transacted
without cost to the soldier, and without fee
or charge by the officers of the State or
| county treasuresr. .r'
In addition to the above fund.- the spe-
cial tax collected for the relief of soldiers
families, from February, 1868, to this date,
amounts to 0S,4S603. If to this could
| be added the voluntary contributions to the
Sanitary and Christian Commissions, and
other forms of aid, it could be then shown
how zealously Ohio embarked in the de-
fense of the life of the Republic, outside
and beyond the requirements made upon
her by the General Government.
FREE BANKS AND INDEPENDENT BANKS.
| The forms of banking in this State, un'
der legislative sanction, which have obtain
ed for the past twenty years, have general
ly Welded to the national system inaugur
ated in 1868. A few of the banks only con
tinue in active business. The blank circu
lation of all of them in the custody of th'
Treasury has been destroyed by consent o
the banks. Within year past the circula
ton has been reduced $l,069 227; and ther
remains outstanding, S444,063 If to thl
we add the circulation of the Ohio Stat
Banks, reported at $97S,709, will show tn
entire circulation of Ohio banks to be 81,
422,772; all of which is being redeemed a
fast as the public present it.
Of the broken banks, the notes OF the
| . SAVINGS BANK OF CINCINNATI
are redeemed at the Treasury in full.
. CANAL BANK OF CLEVELAND.
| The certificates of circulation, issued b.
the Treasurer of State, are paid in full.
CITY BANK OF CINCINNATI.
Fifty per cent of the outstanding certifi
Gates are paid at the Treasury, these having
been issued for the remainder OF twenty
five per cent, which makes eighty-seVe
and a half per cent. on the original amount
l CITY BANK OF COLUMBUS.
} Being in the hands of a receiver, by orde
of the Court, which limits the redemption
till July, 1867, the notes of this bank ar
paid on presentation at the counter of tn
Treasury.
.,i SENECA COUNTY BANK.
, On the appropriation of S65,000 mad
D by the Legislature for the redemptio
0 of the Receivers certificates and circulat
ing notes of this bank, there have been re
deemed to the first of July last, $55,4G6.2
when the time fixed by law expired; leay
n ing balance of appropriation OF $9,533.7
unused. l........ ... |....
There are still being presented some {
), these certificates and notes, which tn
i Treasurer is not authorized to pay. 1t
}. recommended that the time for their prC
a sentation be extended, and tue balance n
naming unused be made available for the
redemption. .. -.-... -..-...
Il The circumstances under which / too
charge of the Treasury will permit me son
remarks upon the statutes, now in fore
which relate to the receipt, safe keeping an
Il disbursement OF the public funds. L al
pend hereto digest of the several 'act:
for convenient relerence;9, .-,s, ......r
Ii To keep securely, in special vaults an
. safes in the Treasury ITSELF the publ
sd money collected by taxation, and to sepal
ate it entirely from commercial use, HI
been the object sought by the enactment
the so-called "Sub- Treasury Laws" If Q
:, extensive system of accounts, multiple
~ entries, numerous checks and guards, al
II frequent examinations of the Treasul
: could effect the purpose, it has been accop
= plished in the details of the several "acts
J, Each transaction is transcribed and regi
y tered at least ten times, and is posted in
seven separate. sets of books, There is
: comparison weekly of the accounts of Il
Auditor and Comptroller with those OF q
~ Treasurer. Every month an examinatit
III of the cash assets is had by the Auditc
= AT the close of every three months the A
ditor and Comptroller, after comparing al
adjusting their own records of drafts al
4 warrants, are required to make settleme
Nj with the Treasurer, And to ascertain q
y precise condition of the Treasury, and
count the cash, &c. And whenever
~ deems necessary, the Governor may a
= point special examination by an accoun
ant, without previous notice to the Trea
n urer. In addition to all this, the Gener
Assembly, or either branch, may order
examination of the Treasury by comml
ID tee, when it is thought expedient. Fu
thermore, it is made high crime and mi
: demeanor, punishable by fine and impri
~ onnent, to convert, use, loan, or depo!
~ with banks or Individuals, any portion
ID the public money. ni t31ij 40 agsi5,. d
ri While much complaint has been made
in the law, of its being impraeticable, al
difficult to be strictly observed and adher
o., to, a careful study of its provisions lea
me to the opinion that very little modific
ton is necessary in them, The geneI
y Il ,,rinoirla nf the law / consider wise al