Daily Ohio statesman. [volume] (Columbus, Ohio) 1855-1870, 1866-08-21

g
Notes, June 10. 1854; .:i.";I.a,..; 1l,7OO OC
Notes, July Is. 1884, .!!t..... .!.1L 3s,IOO 90
| U. s. 70 per cent. Compound Interest M rt D.
Notes, Aug. Is, 1864. 64.........y..f..,,, 1880 OO
ID Notes, Oct, Is, 1864 Ii. 1870 OC
u. S, o per cent. Compound Interest r'f N.
Notes, Dec. IS 1864. ~: ..n. 10. 1880 OC
urers III 400 N
| Seneca County Bank Notes redeemed. -. lI772 81
Exchange on New Y ork kL.............. 1919 3C
specie, silver. ;..l''s...'...I...... 2,ll7 GL
National Road Bonds..,................. 60 81
Total amouht on hand ....... Ss45,6Ol 81
| 1t is proper to remark upon the charac-
ter of the funds in the Treasury, that the
currency is composed of Greenbacks and
the Notes of National Banks. 'lY. .at
| The Seven-Tbirty Bond3and the Com
pound Interest Notes were received by the
| present Treasurer from his predecessor.
All other Bonds were received by DR. Dor
sey, former Treasurer, from the agents of
the State who were sent to the soldiers to
transmit their funds home to their families
and friends. The COUPONS are taken from
them as they become due, and the proceeds
are certified into the Treasury. We have
not carried the Investigation back beyond
the time the present Treasurer, Mr.. War
ner, took possession of the Office, but since
then we find the following sums paid, being
the interest on these bonds: a.3 q at..'...
= January IL, 1868 ITO 90
h February IT, 1866 259 70
June i5' ISO6.-.... ...'.~.. C22 w
10 July ~ looO- 0llO w
\ While the State thus realizes about fifteen
I, thousand dollars per year on these bonds;
their possession is an anomaly in our finan-
cial system. They are no doubt perfectly
J safe, but it will not be wise to cOuntenance
: the system of receiving bonds as money in-
to the Treasury, as this practice would open
the door to frauds and losses, against which
! the law-making power cannot too carefully
guard. This subject ought to receive the
: attention of the Legislature; and the re-
tehtion of these bonds should either be
sanctioned by law, or the Treasurer should
: be directed to sell them. "'''''
The Compound Interest Notes are more
in the nature of currency. They are in
tended to circulate as currency, and 1t has
been wise and profitable to the State for the
Treasurer to retain them. There should
always be surplus in the Treasury, and it
is proper that this surplus should be draw
ing interest, when it can be legally done.
The COmptrOller's drafts were a portion
of the drattslupOn the County Treasurers,r
to meet the July Interest upon the Public
Debt. The amounts drawn being larger
than was actually required, the drafts upon
the smaller and more distant counties were
retained, and are being taken up by the
County TreasureTs on their settlements
with the Treasurer of State. wv
The small draft on New York is the bal
ance of the Eastern exchange procured by
the Treasurer for the Fund Commission
ers, to pay the July interest, and was so
much more than was needed by them at
that time; but as the State frequently re-
nuipnc email, t-a ftS ON, ,Nayy Work 10 ra
tanned for this use. ,fo,, r ....,,.....r .-..i,
The Legislature authorized the Treasur-
er, under certain conditions, to redeem
the notesOf the Seneca County Bank. Uni
der this law, $l,772.50 have been redeemed
and are subject to future orders. ,,,,. ...'..,
Last winter the Legislature authorized
the Treasurer to sell the gold coin on hand.9
After consultations on the 1st of Nav he
sold $4,000 for $8S, ,736.19; and on the 10th,
of May he sold the balance, $35,319 80, for
the sum of $47,S9S.06. The total amount
was $653l9.50, and the total premiums
There is in the Treasury the sum of $2,- \
1850 In silver coin, The terms of the law
only authoriz d the. sale Of The gold, but
this silver Is now worth handsome pre- 4
nliuIn, and as coin Is still treated as mer- 4
chandise, it should be sold, aud the State.
thus get the benefit of the $500 or $1,000
premium. But the Treasurer will not sell
1T without the authority Of the IegisIaturel
holding that he has no authority for its
sale. 31Gt1ua@H 9U1 nujyir bus . rof-r,;,,..
It. gives US pleasure to say that there
were no deposits III Bank and no funds IN
trdHstta Every thing was found exactly
where it belonged. uoI1gsyuOD 9ht to rod
( Afterthis careful count, of the funds, Me
examined the books, of the Auditor and
Comptroller, to ascertain what amount OF
funds their books showed ought to be in
the Treasury, and we were gratified to find
that their statement agreed with the actual
count to CENT We herewith give state
ment, showing the balances in the Treasti-7l
ry of the different funds, at the last exam
ination of the Treasury, on the 18th dayof
June, 1865; the amounts received of those
funds, from that time up to, the evening Of |
August 9TH, 1866; the amount paid out Of
said funds within that time, ard the fbal% !
anCes remaining in the Treasury on the
evening OF 'August7sls66a5yC e,It 4o -o,r,
AIStatemant ShevvkDg the sCondition
OF the ON, the, evening OF
the J1th Of Angust, 1856, IaolI,o 't'oa,i ,s,i
sLJa uG 81 GENERAL, REVENUE, sryJ roi,lo
Ressipts }Fqn June y, issSs Hgpst '3 1saig
90 Do, DO Canal. q -'iss;ssS 1860 50
9doonn ,1dohr ig9 do,G1 Military, D. ls,l3l 6s
Amount TRANSFERRED from Seneca Bank r., bat.,o..
tu~4S ,nAnin0lbh hAlii' 'idijiiiai.aa -Szs S gs
-lmon sdl ,I9lliM ssaodT 1oi s-al,eeO, ,s54, "a,
Aua,,O,,y wsrpaStS DaSSDEsEMENTs' Ta- cod
deemed''''''''.''''.":.e'slssso,PSl%g1 ~