, 1874-12-02
Adjourned Meeting OF tho
General Assembly.
Leading Points in Gov. ALIENS
Annual Message.
lilo Cats Attention 10 Certain Fi0la-
ttois Of The Sinking
Fund ict.
State and Local Indebtedness
Taxable Valuation.

.---IaXabl0 Valuht1Oa.
The Benevolent and Reformatory In
stitutiona Well Managed.
ADJOURNED sftl11Hu or THE Ir:ofstATulsE. i
t:oLttMurH O.. Dec. 1.-loth branches Of tho Gen-
cr.l Asscn.bly convened ut 10 o'clock this forenoon,
.,nnt to tournament last April. III tbs HOUSE Il
~ - ms members answered 10 lin roll.call.
~. wero introduced making appropriations for al1 |
i, psrotscs for tho 1ass faastet Of la7! aud for
] amounting, III tho nggregate, to sl,27d,3Is
= al WEE introduced providing for tito appointment
i ee rcrsonu commission 10 ass!st III AtsposinX
Of tic hu 4ucoa now on tho Supreme Court locEcta.
In tito Senate twonLy yo:ght members alawered to tho
roll-call.
GOV. ALIENS MESSAGE.
THE EINKlHu FUND.
Tho annun n,cssAGo Of Gov. Alien was ticn read In
caen House. Tho Governor suggests TINT, among
other wise md satutary provisions Of tho Stale Co1a!
tution, uo deems specially important at thi1 tuo
the provision TINT makes It not discretionary but m
1,erattvu uron tho General Assembly 10 establish
sinking fund for tho gradual but ultimate payment Of
Tho State lpM. On tAis point Tho 9ascruor says:
"Tho Convention which adopted tim Constitution
fully realized tho necessity Of providing forever
aUatust tho creation Of public debt of Indefinite ,.-
ration far tho payment Of tho principal OF sucl
debt Naa concerned. It is for this reason that do
sire 10 call your attention TO tho condition ot tho sine
ing fund.- Sec. Of Arl. II Of tie Constitution pre-
yides that 10 tax shall be lovict except In p,,rsanco
OF Inv, mil nvury Inv imposing tax shall saate
distinctly tho object Of tho Ran1e, to which
ouly It slnll bo applied. III confirmation of this
provision ef tho Gouhtitutlon tile General Aaaerhs
ut Ills soslon Of 1879 mud 1871, aEGo aos authorizing
the temporary trauEfer Of muncy fro:n one fund to
pnotner nn u plErsuanco oi tLese lawa, arge B,,mA
were transferred FROM tho sinking and
funds to tho royenue and nsS!u,n fans. TAese still
ro1aiu Of these trnnsferroi funllS, wica hAva not
lean returned, Tho Of s5aQ,0e0 dua tho atn1ug
fund. and tho sum Of 81, 400 ditto the connonachou
fund. Last wInter the Attorney General In tesropso
to resolution Of tho House Of Representatives, avo
Ills elaborate opinion Respecting tho nattor Of thcso
transfers. and declared Tho laws authorizing hon, to
10 unconstitutional. Since then, tho rubld funds
uye BEEN held sacred for tho purposes for which hey
wcre collected. Thcgo unconstitutional acs arc still
uuon tho Btatute-baok and snuli be immediately re-
pealo II will to noscssnry for tho aenorat Assembly,
ut Ito present sGaDion, to .naka provision fer
| tho return Of tho transferred fllnds to tho
siulg fund.- au 10 make furlhor rroyialons for the
dobt, which will fall dug ~ Jaary aud July, lSsa'
aud III antiary 1876. On 'lo lst uf Janinry. IH't,
there will bo de OH tho principal Ct our debt mya1!e
ut tie ,easure of tho State, tin HA VI St,li hG3.
Tkero Will lie !ue iptcrost on tho dcht, Including -
forest tho irrcducoie debt, IN January md July,
tstai Of sa9i is05 of tho principal anu Interest 10
nacet ,hs tleso in prsset surplus n tho Treasury Of
i:5o.5eysa. The COLLECTIONS for 1s75 whic!, Will 10
a,plted to the sinking fund.- as eaateH OIL tho prof.
ent levy, viii 10 about 'ao2,ea nniug total Of
j38: which will leavo dectsney 10 ba prt'.
sada pa 1t tt ito IL ls"sso ot tic sate aid Ii j. fos YOU
| determine whosher 1t sha be nct whom due Or paid
~ accu,urlatnns IN tho sinking fund b"li warrant.
hut would suggest that tho credit VI great State
Eo t..t Il N Individual ha!tor preserved by bate
ready to pay' tn debts promptly 1T maturity.
| ATATE 1HDHHri:nEEsH. 49,.
Tie local indebtedness Of tho State OIL tho 1st day o
serlnber, 1874. foows: Debts Of couistlcp. ~
ls55. o. ,seb!s Of townships, insuslns debts ere'se
by Uuurda uf Education, other than for Separate Achoo
lsts!sts, s5ao 3aos debts oi cities Of su arst asli
aseoud sasa VI, ,659n ;ss; dsbt, 9f lnsorrorass,
| Il ,.li, ai,u,. To:at, sal ,asa, ,oo731.
| sie;as Ooanty lEs nut reporfed.
The sss M 9t ao seins*s nsD 81 s esI*' tn 4
874.i1 g. Yhe irrcducaDs tobs 81, ,122, ,lul,SG. Iii
aggregate .lsa:a " Ohio, s!ae, local. sd tr's: iua m
is34 asroaatu sau t5a The taxes !eyic.l in 1914
coleeta5le III 1a76, aggregate s3784, ,739 Tho taxao!
is1d aro + rel % cs.cte in cl.ies ~ oSs and vinayea
SYST l97 real estat not IN c'ies village:
:uy, ,sa5 persona property, s1sl5ss Total
~ is; Shs " s 1sse4&' over luz stA"a a'
| uks;EyotEs;r AND n1YuI:nAIoHr 1HaT1TuyIDNs.
rAe Go:rruor sayH F:0tn pcreuunl nsEacta, O
thu benevolent institutions l,o is satisfied that l th
1uam tlty xel ,uaagea, gNd inst much Bood 'a
arikrn from, tho rcor3ati2inE acta OF l:s! ycar;
This penoat.ary has becn managed with ability nr'
financial sseceEs. 1u report allows tilat 1t has neste
tho Sats during thu year, over md ahovo the sasic
say md over all o1po1lses, Including n"nuisc
tura Of gaQ for State buildings repairs, ctc tho sun
s74i3u: Ihia il gooi uao%ipt i9r yeAs ot tanan
ela lis1csa End d.ntnaHof denaua for coAyict laho
,IISISd TROUBLES.
Tho Governor ncre1; refers to tho troubles Ill III
snas y tho csical T 1noent prnpt n,crpoatioi.
tic norI authority Of tho State way tona s'l;alcci