The Fremont weekly journal. [volume] (Fremont, Sandusky County, Ohio) 1867-1877, 1874-01-09


important part of our duty, gentle
men of the General Assembly, by
strictest economy in all our expendi-
lures, authorized by you, TO relieve,
so far as you may be able, the burd-
ems of the people.
The following is brief summary
of the present financial condition OF
the State:
STATE FINANCES.
| On the 18th day of November, 1872,
the public funded debt of the State -
The ere redempticns during the year were
Loan Of 1850 ......-.....-..s lOO "
Loan Of 1870. 0....-....-..-.. 55S,Is4 p
Loan OF 1873 .-...--....--.- 1S,luO "
Loan of ss1....-......-... ooO W
Total. s72,4s4 q
Outstanding November IS, -
1S13.-.-......-......-.--. So,A4IOoz ~
OF the amount outstanding on the 18th of No
vember, the sum of s64.215 had ceased to draw in
terest the holders thereof having been notified TO
surrender their stock for redemption, 50 that the
interest bearing funded debt of the state is S., 1885,
The funded debt is divided as follows:
Foreign debt, payable IN Kew York. IS, ,2o9 9o7 10
Domestic debt, payable IN Columbus l,6So W
Total IS, ,211, ,Os9 10
The local Indebtedness of the State on the 1st
day of September, 1873, was as follows:
Net debt of counties. ...........s s,125,537 81
Netdebt Of townships, including debts
created by boards of education 9th
or than for separate school districts 49l,5lO y
Net debt of cities Qst and I'd Glass; 1881 l0S q
Net debt of incorporated villages. l5O,5S2 -
Net debt of school districts EspeciaD 1,2s,SS9 Il
Total .....s2O,0 ,088, 1923 81
The amount of reimbursable debt therefore is:
state. state aS S,51a, a9a ,pSS SfS y -
Total l............... s2s,244, ,2s5 AZ
Irreducible debt..... 400, ,42O sc
Aggregate debts in the State. . .ss2, ,s14, $50 50
The total indebtedness in this statement is reck-
oned to September l, 1873, and the State debt OF
November 10, 1873.
The balance in the State Treasury on
the 18th day of November, 1872, was 44I,5SS 81
The receipts, including transfers OF
s., ,6T6, .s5, for the fiscal year end
ing November Is, 1873 was-...--... S,S66,IIs 80
Total amountof funds in the Treas
ury for the year.. :.........S6, ,s14,317 80
The disbursements, including trans
fers, during the year have BEEN. 6,6S4, ISl OS
Balance in Treasury November 10,
1873 ........-.-.... 1Z9yoSb ~
The Auditor of State estimates the re-
ceipts, including balance on hand
November 15,. 1873, for the current
year from all sources, IA o94 20
The disbursements at
Asylum /, $50, ,ags SO,
Sinking. ng................-.. 1,Os9,717 55
School. ;.....; ;.--....-.-.. l,oOOO OO0 90
NauonaI hoao--.'-'.-',-- 4s'IZh -
To,oi ., Oh 9se "a
Leaving estimated balance in Treasury
November Is, 1874. $500, 1872 II
The taxes levied in 1872, coHectable in 1873 were
State taxes 4.41455T 95
County and local. 1854, ,z22 zs
Delinquencies and forfeitures. SCI, ,992 %
-- =
Iolal 'sZ0,eIv'''l ~
The taxes levied In 1875 coHeeiaOle IN 1874 were:
State taxes 54II, ,s5s .
county anu local, ----.-- HOo3S'sSs -
anu III 04S'IVO 20
Total .s2s 474 40 os
II "li De observed Dy reference 70 the
above hgures, that %nile the state deot has
uarng Ihe past yeA5 Deeh teuucso So16 SO =
Zl.fne local lhoebteoneSs mas increased Sz,44zr-
6loSo And yet the taxes LEVIED ed, fo5 @ al State
purposes exclusive OF the SL,9VO'VOo lelVlee
for support OF common schools, and which
goes oireetly Dsck 70 tIe counIes 90 1 70 oe eA-
Penueo' amounts 70 70 only eo,StI,o0s:zO. Inc
sum lneluaes ali tne e1penIsures JOE puilu
fb99 ,,ovrneCt ~ ;pteTest ON tbe Sta+a 5sLt a.
reduction of the debt, the cost OF the EIecu-
tive, Legislative and Judicial departments Of
the State government and all expenses incl
dent to the management Of State sffairS. On
the other hand the levy for county and local
purposes (including that for common Rchools),
amounts to $22, 1853, ,493 90, In other words
the levy for State purposes is less than one
sixth o. the entire taxation, and that for coun-
ty and local expenses more than fve-sixths,
There is certainly q great disparity between
these two classed of expenditures, and sub
NIT it for the consideration of the General
Assembly whether it would not be wise TO re-
strict, by legislative enactment, the power of
minor political organizations to create debts.
and impose taxes The people naturally com
plain Of their burdens, when the annual or
semi-annual payment Of tax bills are made.
and but few stop to inquire or consider