The Democratic press. [volume] (Ravenna, O. [Ohio]) 1868-1901, 1875-06-17
Contemplate Deception.

The Dem ocrats are making a great
blow over the great economy OF the
last legislature. They say the State
taxes have been reduced largely. viii
some one of these gentlemen please
show what provisions have been made
to pay Off nearly 81 100000 State debt,
payable, at the option of the State.
January L, 1877? Cor. Alien recon-
mended that prorisioH be made to pag
off these bonds, but there is no money
proUided for that purpose, for Demo
Gratis desired ii 10 be said Mat they had
i0ueIed tdEeS. The object in failing
&c collect State taxes enough this year
to pay off the maturing State debt is
10 try to deceive the people of the State
and induce them to re-elect ;bis Wood
County, Geghan bill legisl 'ture, or
one lust like it. Such conduct is
criminal, but consistent in the ey,s o.
modern Democracy.-H0lm County
Republican. ..-..
Now, if it shall appear that the late
Democratic Legislature did make am
pie provision to pay of the estate
Det., payable ct the option OF the
State, January I. 1876" notwithstand
ing .ney lowered the I-xes, who is
guilty Of 'EcoHtan ptibie Deception"
the Democrat a@itnrs who tell the
truth aooui it, or the Republican ed
:iors who cruelty The truth?
There was in the Sinking Fund on
the 18th, of November, 1874, appli
ole to the payment of principal and
interest of the public deat $50 800 81
[See page 10 OF the last Annual Report
Of the Auditor of State. The Audi
tor of State estimated See his last An
nual Report, page % that the Sinking
Fund would realize from taxes on the
grand duplicate of 1874, collectabIe in
December, 1874, andJ une 1875, 81, l,262,-
ITO OS; frem the proceeds OF sales of
school lands S25 900; from miscellane-
Gus sources Sl5,U00-total 81, ,302, ITO 0S
The General Revenue Fund, accord
ing TO the statement of the Auditor of
State, was indebted S130,O00 to the
Sinking Fund, which. in his special
Report of February II, 1875, he said
could be paid after the February set
tlement of 1875. The Legislature COM
manded that payment, and it further
more commanded the payment of at
least two hundred thousand dollars to
the Sinking Fund from the Asvlum
Fund before the 1st of January, 1876;
its Indebtedness to the Sinking Fund
was stated as S45O,OOO. The lateDe:n-
ocratic Legislature authorized a levy
for Sinking Fund for 1875, which, on
the duplicate of 1874 it is estimated by
the Auditor of State, will yield ST.
2G2. .l7OOS. The one-half of that
S63I ,OS5 O4-is collectable in Dccem-
ber OF this year, 1875.
This makes the resources of the
Sinking Fund as follows:
Balance on hand Nov. Is. 1874 $50 5e9 SO
Take, from Duplicate of 1874 collcc- -
table Dec 1874 and June 1STo--.. ,262 40 OS
Proceeds of School Land. .--..-.-.-.. 2o.De %
M;SceII,neous sources .......... 5000 90
R.navnlent from Gen. Rev Fund. 13D0OO 00
Repayment from Asy lum Fund 2D.OGl W
December 1873 Collection of Taxes 63l Uso "a
Total S2,713;s24 Of
DO these figures, supported by in
coutroyertible facts, give color of
truthfulness to the statement that the
late Democratic Legislature, while it
largely cut down State Taxation, neg
,ccted to make adequate provision for
the payment OF principal and Interest
of the public debt and interest of the
irreducible debt of the State falling
due j, nary / and in February, 1876!