Perrysburg journal. (Perrysburg, Wood Co., O. [Ohio]) 186?-1965, 1879-01-17
THE GOVERNORS MESSAGE.
TO the General assembly.

10 me General Assembly,
During the year that has just closed our coun-
try has been blessed with peace, good order, an
abundant harvest and reasonable degree of pros
perity in mercantile and industrial pursuits. for
which we should be grateful to Almighty God.
In harmony with an established custom, and
In obedience to the requirements of the Oonsti-
tuition of the State, it is expected of me, as
the chief Executive officer to advise YOU, in
an annual message, of the condition of State
affairs and to make such suggestions as, in
my Judgment, may be necessary TO promote
the general welfare. l discharge this duty
with considerable degree of difiidence, being
we'll aware that experience in the execution
of the laws as they can alone furnish that
knowledge of their details and actual working
which is the highest value in forming correct
opinion of their efficiency and of the necessity
of amendments. A statement of general princi-
pies is comparatively an easy task; TO properly
apply these principles is much more difficult,
and, in many instances, largely experimental.
Not every theory will bear practical test. Too
much legislation is one of the recognized evils of
government; One of the most correct thinkers
of modern times has affirmed that the wisdom
of the legislator is Oftener shown in the repeal
of old statutes than in the enactment of new"
Partial legislation is always to be ignored
possibly, if not most probably, Inimical to the
interest of the people at large. The general well
fare of the country IL the one and only tfue
test to be applied to every measure OF Legislation;
During your session you will doubtless be called
upon to act upon many subjects in which the
State OF Ohio and the constituency You have the
honor 60 represent are greatly interested.
careful consideration of, and prompt action
upon such subjects. is always desirable, and
by wisdom entrgy. and dispatch.
FINANCIAL STATEMENT.
The following is summary exhibit OF the
finances of the State for the fiscal year 1873, the
condition of the same at the close of the year,
aud the estimates for the current year ending
Nov. To- 1873:
THE FUNDED DEBT.
On the 10Th of November, lS77, the
funded debt of the State was. zoe. 3 6,479,505 30
The redemptions during the year
remained of said loan. ..s.'..,.'.. 300 co
is, 1878: .s.I..,.,...,s|tI.;'...,,'s 6476,so5 80
follows.
Foreign debt, payable in New York.
ing interest -. :...,....,.e........ " y 2,5OO 90
cent interest .........o.' @ ~ - r 4O72,6iO 30
cent interest . ......,.....,...... -, 24OO,OOO 90
Total foreign debt ..............s 6,475I4O 80
Domestic debt, payable at Colum-
Canal loan, not bearing interest .... 1866 co
Total funded debt......... ......$ 6,476,sO5 80
The local Indebtedness of the State
on the first day of September, 1873
was follows
Net debt of counties ,.............S S,169,5l7 AZ
Net debt of townships, including
debts created by boards of educa-
ton other than for separate school
Net debt Of cities (first and second -OO''OO :
class) ACKNOWLEDGEMENTS. 35799,S51 10
Net debt of incorporated villages. 9l7,4l7 Ga
Net debt of school districts Especial
or separate). )................t...... 1,15S,09s IA
Total local debts. .......... 80. $41, ,2O5,S4O 62
The amount of the reimbursable
debt, therefore, is
State. ......,..........$ 5 6,476sO5 80
Local ...''.'''s''s'.. 4l,1UjcfU Od
Total debt redeemable ..... =. .s47 6s2,6I5 92
The irreducible debt, composed of
school and other trust funds upon
which the State pays interest at
six per cent. per annum, is........ 426O,9S3 rs