The Democratic press. [volume] (Ravenna, O. [Ohio]) 1868-1901, 1879-01-16

FINANCIAL STATEMENT.
The following is a summary exhibit
of the finances of the State for the fis-
cal year 1878, the condition of the same
at the close of the year, and the esti-
mates for the current year, ending No
vember Is, 1879:
THE FUNDED DEBT.
On tho 18th of November 1877, the
funded debt of the State was AIS, sos 80
The redemptions during the year
were-loan of 1873 (being all that
remained of said loan). ..-. 2.7OO %
Leaving balance outstanding
November Is. 1878: Sc. .9O5 80
The funded debt is as follows: For
eign debt, payable in New York
Loan payable July l. 1858. not
Cen cent interest. :. 4072.64o 80
per Cent interest 100000 90
Total foreign debt .475.l .l4o 80
Domestic debt payable at Colum-
terest -. ................-.... 1.665 60
Total funded debt sos 80
The local Indebtedness of the State
tics - SO. .16s5l7 AZ
debts created by Boards of Edu-
cation other than for separate
Net debt Of cites (irst and second
Net debt Of incorporated villages :. si7.G7 a
Net debt of school districts Especial
or separated l.iooU9o II
Total local debt bt.............. .s41. .2O5 $40 G.
The amount of the reimbursable
debt therefore, is
State -----' =. SO .aoe'S9 'S99 So 81
Total debt redeemable .. S47, ,6S2, ,645 81
The irreducible debt, composed of
school and other trust funds, upon
which the State pays interest at
per cent. per annum. is. $4.26O.9S3 ~
Aggregate public debts in tho
State $5l,94S.69 ~
The local Indebtedness in the fore
going statement is computed to Sep
tember 1, 1878, under act of May 2, 1871,
the public funded debt of the State to
November Is, 1878, and the irreduci-
BILE State debt to January 1, 1879.
BALANCES IN THE STATE TREASURY.
The BALANCE il 1s1l the S;I state Treasnfy n No &
$3GOOOO on County Treasurers not
The receipts during the fiscal year
1878. including drafts made upon
County Treasurers during the year :,
Td3a tor ao%Ut ~f funds in the Treasu ''
ry, including cash balances at the
beginning Of the year and drafts
made in in anticipation OF taxes for eco s,- >.
The disbursements during. tho year.
including $s50.00O of the above
named drafts redeemed. have been. 5649.852 IS
Leaving balance in tho Treasury No
OF cash s7ls.69i 81
Of drafts 0UsUU W-$Slo,oS4 "
ESTIMATES.
The estimated receipts(ncluding the
1.la hav.I Mn Vanr
1879 from all sources during the
current fiscal year to November Is.
Balances at close Of 1885, as above ssls.6sa 81
Revenue fund receipts
lin addition to drafts
for -sOO.OO0. or in
cluded in above bal
Asylum Fund receipts 81, I,70s.SSS 90
Sinking Fund receipts. 794.440 90
School Fund receipts 1.520.552 90
Total estimated receipts. ........ si.6l6.5 .52s 90
Total, including balance. s5.5s5. .222 81
The estimated disbursement for the
same period are as follows
General Revenue Fund 81 .0o6 l9l 4
Asylum Fund --- 1,S42,56 40
Sinking Fund --- esl ~ 4 a
School Fund --.--.- 1.562q4 %
Total estimated dis
Leaving estimated balance in the
Treasury November Is. 1879. Of. $462. All 6i
TAXES FOR 1878 AND 1879.
The taxes levied in 1877. collectible in 1878.
were - -
State taxes. S456U,SI9 oS
County and local taxes ........... 22954.21 l6
Delinquencies and forfeitures 2.O0l.096 "a
Total for 1873. Observation-Disclosures. $50 5,749 So
The taxes levied in 1875 and coilectible in 1879.
are as follows:
County and other local toxes ...... 2l.s2S.069 %
Delinquencies and forfeitures- 2.2So.S2O 81
Total Tor 1879 SZo.oo9.lIo %
My attention has been called by the
Auditor to the matter of abolishing the
name of the "Asylum Fund" and sug-
gesting that it be consolidated with the
General Fund. Sound policy and busi-
ness experience dictate that it should
be done, as it will simplify accounts,
facilitate the transaction of business in
this department, and in no wise be det-
rimental to the general interest or i'm
pair the safety of the public treasury.
MILITIA.
The Adjutant-G Generals report ex-
hibits marked improvement in the
tone and condition of the military ser
vice of the State. The report shows
the present aggregate active force, in
completely uniformed, armed and
equipped, to be S,5O3 men, against the
grand aggregate shown by the report