The Eaton Democrat. (Eaton, Ohio) 1875-1903, 1885-01-15

y
Being decrease in cities of 80. sa,oisaoo s.
And an increase in counties town.
ships, school districts and vii .,
lages of ....-....--.---.~----.- A'S7o'Vor %
Leaving net decrease as re-
This statement was made upon the anthors
ity of the annual report of the Aud1tor OF
State. regret to say that it is erroneous
The error originated in part in a mistake OF
port of the County Auditor of Cuyahoga
In Hamilton County the Auditor of State
reported the srpss debt of the city of Cincin-
matt as 1924 527, ,.Oi, ,43, from which should pc
aesasted Seatss ssns 9es seSs s%su1d ot & spsy
Auditor OF sta1es ,s gsport for tns year Bu in
ed" had already been deducted, or an equal
amount of bonded debt omitted, and this re-
not gross debt of Cincinnati, was $24, ,527 49,
In this item, therefore, there was an error
reported by "A Auditor dit r &ogleGyee & G to GoyeTnGr eh
of S3224 73O.76.
In Cuyahoga County the County Auditor in
treasury of Cleveland, and applicable to the
payment of tie ordinary expenses of the
IN s s. and in M it was omitted In
duence of this the Auditor OF state (heport
for 1852 ge u.s. smesnns s asF to stsss sSe adss
The city has an Offset to this In -,
debtedness Off,. ...........-.-.$Z,6O,oU ~
Leaving. 50 2s5, ,4ss So
" Wbieb, by this method of calculation, was
reported to the Governor, and by him to the
General Assembly as the net debt OF OF the
But in 1852 this ''offset," or Sinking Fund
was stated 6SI,WS q
careful assa az investigation recently made by
the present State Auditor shows that, reject
| ing the cash or hand which was raised by
taxation for current uses, which the County
| Auditor includes in his "offset" in 1883; but
| not 1882 or 1884 and without the daily use or
| which the wheels of government would have
ceased to move.
The actual "ofset' or Sinking ~ ~ or
4 Fund in 1888 vas as.......-.......$1.60o2 500 203 y
And the net debt was. 80 1y6 %
Ormore than reported by.......... I,020,2S6 95
AS these errors have only been discovered
printing % of Of the her report of the Auditor of State
| for 1884, there has not been opportunity 70
| correct that re port, or to investigate further
SO as to ascertain whether like errors have
| occurred in the reports of other County Au-
assumine % HAL no others will be found, re-
| state the amount of legal public debts as 1oi-
lows:
| November 15 1882 $45,7 6,301 2
| November 15 1888. q W., sS u
Making an Increase from Novem-
Der, Is, 1882, to November 10,
And nd from rom November Is, 1855, to :,
November Il, 1884, of......-...-. LSS5,S0O ~
This increase is in coun-
| ties, townships, VIII
lagos and school dis
Ir1cts. ..:;:.:-.--.-..---Ss Sss, S, I %. o. %
Total. e. ........ 81 ,625 260 Y
These figures can only be said to approxi-
| mate to accuracy, as they do not include the
| debt of Cleveland snown as assessment
| bonds viz: bonds issued to pay for street
| and sewer improvements, and payable out OF
assessments upon adjoining and neighbor1ng
property, nor the floating debt OF the city:
| 1t is possible t nat in some other of our cities
floating debts exist, OF which notice is not
taken in the County Auditors annual return,
although required by law and by the Auditor
of States Instructions The annual state
ment should include all these classes of la
bilities, and also but separately, state tne
4 amount of cash on hand for current uses;
With these items the General Assembly Will
be better informed than at present
The increase. of city bonded debts for the
past year has been principally in Cleveland
[S471, 900, mainly for Water-Works0 Columbus
!s1sQ4Os L. for sewers HamltoI at IN, sSl5sO7s.7o 6
In Cincinnati the net debt was decreased
during the year in the sum of $780,, ,S55.62.
On November Is, 1885, the balance -.
in the State Treasury was :.....S 6lSS76 W
Received from all sources between
| November Is, 1883, and Noyem- =
ber To- 1854 .-........-..... Z,ooSooS %
Total s8,5O7, ,4se So
Warrants paid. drawn
before Nov. Is, 1SS3...S 20,s07 q
warrants an I pad ,Sdp agawn o,s ,ea 90
Total. .....-- .SS,soo,sh 70
Total available balance in State
Treasury November 10, 1884. .....S 54O, ,46S %
Warrants outstanding unpaid No
vember ID, 1854 ............ 4,lS5 70
J | Actual cash i'll State Treasury No
. vember l5, 1884 5SI ,653 5S
TO the members of the General Assembly,
to all the State officers, and to the gentlemen
|