The Vinton record. [volume] (M'arthur, Vinton County, Ohio) 1866-1891, 1866-01-11

IY. OHIO. JANUARY Il
These large differences, of course
govery far to explain the aggregate
difference Of those balances. How
far they can reconcile the tax.
payers to the excess, is for them to
decide.
SINKING FUND.
! The Commissions of the Sinking
Fund report the debt of the State
November 10, 1865;
Foreign debt ............... sl2. 23O. 475 0C
domestic debt .............. 6Sl,53S 4G
Total funded debt Nov. Is, 'G5 $l29l2.Ol4 A.
Against last years Gebt .. l3,500.75l Il
Showing diminution of s5SS737 o.
This difference has|been re.
deemed in the following manner
and sums, viz:
or foreign debt .............. S5SL737 Oc
Or domestic debt, Miami Ca
iin Extension Loan OF 1863,
eXtinguished, ........... 1000 90
And the balance Ofthat fund i'm
the Treasury and in New
York, Nov. Is, 1863, was .. '-35L3Gl II
COMMON SCHOOLS.
Receipts of the Com. School
Funds for 1865 are ..... 81, ,2SI900 Gi
--
Showing an excess of ... S7022l II
The report of the Commissioner
is replete with many interesting
and encouraging statements and
suggestions. Those in regard to
the new system for instruction and
preparation of teachers, commend
especially to your attention. 1t is
hoped that in this fundamental in
terest, Ohio will not remain behind
other States.
| am sorry that | have not time
nor space in this too long commu-
nication, to speak more at large
upon this great general subject of
common schools so much more
important than much else here in
cluded. One consolation is, that
it is because there is apparently
less to censure or amend in this
department than in some others,
that | have less to say upon it,
eg RAILROADS.
ID The railroad interests of Ohio
|have become Of immense value to
tthe stockholders, the people and
the State. The great changes which
this new system of commercial in
tercourse has brought about are in
many respects obvious enough. In
others, though equally great, they
are not so apparent. Some well di-
gested system Of laws suitable to
them is quite indispensable. But
it is quite necessary for a legislator,
framing laws for their taxation, reg
ulation and punishment, to consider
all these complicated relations
much more cautiously and widely
then he might, at first thought,
deem essential.
Unquestionably some legislation
is necessary to protect the lives,
limbs, property and other rights OF
the people from the encroachments
or neglects ofthese powerful agents.
The true line, which shields the
people and yet shall not invade the
vested and equitable rights
Of the companies, will necessarily
be a most difficult line to find or to
follow. This is a generic difficulty.
But accidents and special circum-
stances greatly enhance it. The
most important roads for useful
ness, and therefore the most impor-
tant regulation, are, for example,
the Ohio roads in Il chain of connec-
ton with those of several other
States. Goods are started at one
OF the Eastern cities, and are pass
ed into the custody, for conveyance,
of corporation after corporation
until they shall reach the deliver
ing company. 1t is delivered in
bad order. Who shall pay the ow-
ner his damages? If these compa-
nies of the alliance were wise to
their own highest interests, they
would allow no question to be rails
ed as to their separate liability.
They would (as if a single company
pay it, and, as they the most truly
could do, assess among themselves
the proper liability. But, mas
much as, in points Of fact, they do
not, and most of them lie out of
our jurisdiction, and in default of
the proper remedy by the national
legislative authority, what is Ohio
to do with the company under her
powers Make it pay all the dam.
agess That would be most accep-
70 h1a tn thn E,,to,,, ao>.....---