The Democratic press. [volume] (Ravenna, O. [Ohio]) 1868-1901, 1871-09-21
ONO FINANCES.
4 Record of Rspublican management since
1S56.-Fffteen{ millions Expended I'm In.
> tereSt on four Million Debt. itJIH 81 b

4
terest on a four Million DEBIT li1JB q JHIdl
So far as the present political can
Yass is concerned, although much has
been said by the speakers OF both po-iIa q
litical parties about the national debt, -
| and on the part of the Dem ocracvs of efA
the wasteful extravaganza and profi-
| gacy which pervades all departments
/ of the General Government, yet scarceyzq
/. a single word has been isped, or par
| agraph printed, about the administfa-A
| tion of financial affairs of Ohio by the
party that has control of the State
Government since 1856. The manner 6
of bad fnancieriug--tosn give it no
harsher name--theo appropriation of Rd4
large sums to make payments on the
State debt, and pay the interest there
on, and the small amount the debt has lErA
been reduced, is a subject we'll worth =.e-.
the Investigation of those who pays r.
taxes, and whose moneysis thus used
without good and satisfactory ac- Z -
count being rendered by the party in
power foretheir rstewardship.P(f an 4
!. On the first day of January, 1852,
the Democracy had full and complete rsrC,
control of the State Government. The "
State debt was wa sontrolled BY Msssrs. ed
George E. Pugh, Attorney, General
and DR. WilliamJ Tfevitt, Secretary of G'i3
State, they being e1-o6fcio Commits
tsioRels of the sinking fund. Twp days Ell O
later, Mr.. Pugh, being elected to the
United States Senate, fof course lre.3 fI 81
sighed his office of Attorney General
and at the next election Colpnel Geo. 81 =
fol. Governor, was elected =, a
in his place. and hence during the ,
years of 1852, 1858, 1854, 1856, and un-
til january 1856. Whenj the State was 81
carried against the Democracy, the
State debt was eoptrollea, its interest 81 y
paid, and the amount reduced, by "a
Board of Sinking Fund CommissiOn-
ers, every member being elected as
member of the Democratic party.y phTO
/ The day these Democratic State
officials took charge of the monetary
interests of Ohio, the ad9e Aea 4fAuldELI
State debt amfted to the snmof sissfsaS1 45o sis1
Amount redeemed in 1852 taaYa55 so i5s1e seiinn
A%SSns ASSns redee%sa redee%sa IL IL 1s 8 nod
Amount redeepaed in 1885,! .. ts1ssssoeT edt
Total redeemed in four years 4stlTs1 Ii 10
:, . Besides this argereduetieH inifournoC {
years of over 81 SOC, 900, there, was, as fb,,J-d
appears from the report of the Audi =.
tor OF State of that date, i$537i;499 i06 ~
in the III easurSy left by the DemocEat.1 9d 2
ic Sinking Fund Commissioners and
turned over to theiri iriaati-Defnocratie sHi
successors, toa be applied under Rthesdt suy
law to the. further Liquidation vofl theoeo ?,
State debt. This amount. collected
and saved under the Democratic rule, ." -
and to be ready and. ton be used as h9il9a
soon as any portion Of the State debt edi oi
became due, or could beabeught at AZ sgy
reasonable figure, SO as to save interest IN a.,
should fightfully be added to the ST.
6I0,46l 70 paid by the Democratic a9ij'
Board of Sinking Fund iCommissionaiiH 90
ers; and this done, itreduees the State .blefir
debt TO be paid by their anti1pemo7i O. i.d
cratic successors from, the $15,618, 757- -.
Ia
1852, to the sum of $13,47O796 81, be-
ing Reduction of 50, lat, $50 81 in FaN
four years underaD Democratic rule. a19L iGn
The day in january 1885, that gtheot fetl
SURRENDERED the State i-ese M
nances into the hands of their. politi- ,f.o.
cal opponents, after four years of hon.
est rule, the State debt, according to - :"
the report of the Auditor of State, yligoi
was I$14,O07, ,295; 67.-uDeducting the iaeI .
money, over half a million dollars, left
by Democratic rule in the State Treas-I aHl
ury, to- be used in paying off that ,isH,
amount of the State debt-and legiti-1 -.
could be used for no other" D9s'
han State debt purposesAand 1T left 50 a5'
.he State debt at the close of the year s!aEIi
1856 but $13,475, 1856 6l.Jrso., o. SIR .to;seusr
u fter fourteen years: of Republican
'ulei the State debt OF Ohio, at the . lsooi
lose of 1870 amounted to- S. 1852, 1885, y5iJ o.
S4,256,15S 81 less than sit fiIt II.
'tood IN 1891. lake ffoms 'this-the-
s537 .499 06v which, the Democratic z EB1
Fund Commissionerslleftin in the State, 4sai 81
asaa Feas ary ~ sty resiteI !for yqsys
ears the Sfatesdebt, az Ohio Was 3,e.ooq 10 2
iuced by Republican officials but 50, ish} 11
1868 So, and that, too as will pres 1aBoI9
'ntly be seen, at a fearful expense to % hes
he people.
] 70 faccemplish this great work of .fl41
educin0 the funded debt of Ohio less
han four million dollars, the Radical iD'h
paid eutin interest and ex- H"l Z
'enses the following samsln Ytiiu2 to toihTa
n 1874 i...-. & Q61 3a0 "a ,r bf...