The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1886-01-22
HOADLY'S LEGACY
LIFT TO GOVERNOR FORAKER.
Presented with a Fall Treasury when He
Game lntS ONCE, Leaves Nothing but
Empty YSSlt-ohiO in a Financial
PIIght-DOmoorAtlo ExtravAEanSs.

N-"FN |NNN NNNSNh ANRNNa NNkhtHH WV
Empty YSGlt-OhiO In a Financial
PIIght-DSmOorAslo ExtFavAEanSs.
CIScISSAFI, o., Jau. 2l.-A Columbus,
} o., special to the Co0.msrcidl Ga.eiie says:
The Republican party has been in power
in Ohio little over one week, but it has
been at the head Of affairs long enough to
make the astounding discovery that the
financial Affairs Of the State are in most
deplorable condition. The following in.
teFview with Hon, Seth W. Brown, Chair.
man OF the House Finance Committee,
tells thetale ina straightforward manner,
and needs no embellishment. He was
asked; "Have you ascsrtatned what truth
there is in the reports Of a cramped con.
dition OF the State 'rressuryP"
Yes, most unfortunately there Ia too
much truth in the talk, mostly hitherto
in an undertone, which has been heard
on this subject, The people OF Ohio win
probably be astounded at the i4ct, But
TACT It 10, that the situation has been going
from bad 10 worse In the matter Of the
OF the general revenues OF the State, until,
y few months ago, the Treasury, which
ought to have contained q magnificent
surplus, was really reduced 10 siraitened
circumstances, Surprising and mortiiy-
ing as the statement Is, II is true that
some time before the last December col.
ections were available On the draft,
which the State Auditor is authorized 10
draw on the County Treasurers drrnp
that month, the Treasury was yirtuAllv
empty, and the credit oil the State was
only preserved by appealing to County
Ireasurers to cash drafts drawn upon
them FAR In advance OF the usual time.
some OF the taxes due and PAYABLE Da-
Cember 20 last were in fact paid, AZ Ia
lsually the case, during the months Of
October and November, and by rakinv in
these moneys and the December collec.
tons as fast as possible, the crisis was
tided over until the end OF last year."
EMPTY VAULTS.
"What was the situation when the Re.
publican Legislature and Governor Foraker
came into power2"
"Bad enough. The Republicans have
had handed over 10 them the empty
vaults OF the Treasury, simply the holes
where the money ought to be, On the
10th Of November, 1889, the Republicans
presented the incoming Governor Hoadly
and the Democratic Legislature with the
magnificent Legacy OF $OlS.S70, as q bal.
anCe in the General Revenue Fund with
which they could commence housekeep.
ing. II now appears by the official state
ment ot the Auditor OF State that the bal
anCe to the credit OF this fund In the
Treasury on the 10Th Of November, 1885,
was only sos, ,l3S, IL, and that was prob
ably exhausted before the Gloss
ol last November, and what Is
still worse, II is perhaps entirely
within bounds to say that atlOast $500 900.
which ought now to be In the Treasury TO
help meet the expenses OF the new year
has already been drawn and used to pay
appropriations made by the last General
Assembly. AT this very time the Lepis.
lature and the new Republican Adminia.
tration are stared in the face by the alarm
Ing flct that the estimated wants TO be
supplied out oil the general revenue fund
tor the next year amount to $4,l5b, ,765 %,
while the estimated receipts Into that
tund are placed at only g, ,702 334, ,49l
above the estimated receipts. With the
balance that was in the Treasury two
years ago, and which ought to be there
now, the way would be clear enough.
TOUGH TINES AHEAD.
"What Is to be done now to pull through
the yearH"
"That isavery hard question. In The
present state Of low prices Of agricultural
products and the general business Lepres.
sion, the thought OF increasing the rate Of
taxation, even II that would bring a sui.
hCieutly early remedy, which II would not
do, is not to be endured, while 1t Is almost
iptolerable to think Of the great State Of
Ohio, In time Of peace, and with no extra.
ordinary expenditures 10 meet, having 10
20 into the street TO borrow money, To
make the best Of the case 1t Ia disheart.
ening state OF Affairs to which we have
been brought by the management Of the
last two years. From handsome balances
at the clSae Of Republican control tWo
yeara ago, we have now de.
pleted Treasury, and legitimate press.
ing demands coming with Inadequate
ways and means 10 meet them. But the
thing 70 do Is certainly not TO harbor the
thought Of higher State levies or Of Dor.
rowing money, but to riSidly reduce ex.
pendituTes 80 that honestly used they will
come within receipts. But this will tako
very severe cutting. The intermediate
penitentlary, the Big improvements on
the State Fair grounds, the Goyoinof'g
manaion, and additional buildings wanted
at the new Toledo Asylum, and new struc-
tures wanted at theother institutionsoithe
State will certainly have 10 be abandoned
tor the present year, while all increases
ot salariesand allAyoidable outlays should
be prevented. 1t is either this course Of
economy now, or secondly, a new loan
and agreat increase Of the interestbear. =
Ing debt Of tho State or thirdly, long be.
lore the year ID out, ali absolutely empty
treasury an enormous deficit and broken
credit"