Belmont chronicle. [volume] (St. Clairsville, Ohio) 1855-1973, 1889-08-29
SOME FIGURES
Which Should Be of Interest to
Every Voter in Ohio.
A Splendid Administration of
Buckeye Finances.

Foraker's Splendid Record - Hoadly's
sky-Rocket Career Stands Dat in Bold
Relief Against the Blu siness- Like Policy
of the Present Governor.
There have been parading through
the columns of the Democratic press
great tables of figures, coupled with
allegations and statements to the effect
that they show that after all Governor
Hoadly's administration was good one
financially. and that Governor Foraker's s
administration has been failure in that
respect. 1t would go an easy matter to
point out the errors and fallacies of
these tables and deductions. but the
case is so simple that the simplest possi-
BILE statement best presents it
After all that has been said and done,
the fact remains that when Governor
Hoadly started in, he had net cash
surplus of $500, 900 bequeathed to him
by Governor Foster, against which
there was not an obligation outstanding.
When Governor Hoadly went out of
office, the surplus thai was bequeathed
to him was gone, along with it all the
revenues arising during his administra-
tion and properly belonging to it, were
gone, and on top of it. as Governor
Foraker found out to his great financial
embarrassment, S550,000 of the reve-
nues of the first year of Governor For
aker's administration had been spent,
and there still remained unpaid appro-
priations of Governor Hoadly's admin
istration amounting to S9S2, 000-in
other words, Hoadly gave Foraker net
deficiency of 81, 900, 600 instead of a sur
plus of $500, 900, such as was given him
by Governor Foster 1t was on account
of this deficiency that Governor For
aker's administration was compelled at
the outset, as Governor Hoadly pointed
out that it would be, to borrow $500, 900
to keep the state from going to protest.
The further fact is that this great
deficiency will have been wholly made
up by the end of Governor Forakers
administration.
Another fact The rate of taxation 10
accomplish this has not been increased.
but on the contrary, has been decreased
two-tenths of a mill, giving the tax
payers of the state at the present time
the lowest rate of taxation since 1870.
Another fact: When Governor For
aker's administration commenced. in
cluding the $5O0,0OO he was compelled
10 borrow, as Governor Hoadly pointed
out he would be compelled to do the
public funded debt of the state
amounted to S4.s20.O 600. To-day the
public funded debt of the state is but
81, 75O, 900. showing net reduction of
81, 45O, 900 of the principal of the funded
debt of the state has been paid off and
discharged under his administration.
When Governor Foraker's administra-
ton commenced, the annual interest
charged on the public debt of the state
was about $a13,OOO To-day it is about
$35, 900, showing a reduction in the
amount of interest alone to be paid an
nually of $3.50, 900.
Another fact: During Governor
Hoadly's administration the personal
property duplicate of the state decreased
more than $32, 600, ,OOO During Gov
Ju0
grand aggregate of the duplicate has in
creased $50, 0O0,O0
During Governor Hoadly's admins
tration the Scott law, that yielded a
revenue Uf 81, OOU. 900 per annum, was
destroyed. During Governor Forakers
administration the Dow law has been
enacted, upheld and promptly estab-
lished, yielding an annual revenue of
about 100000.
Those are few facts with respect to
the finances of Ohio that cannot be
rubbed out nor covered up, nor juggled
with.
Up to the end of Governor Hoadly's
administration, the Ohio penitentiary
cost the taxpayers of the state $205, 600
over and above all its revenues. Under
Governor FOraker's administration, it
has paid all expenses, and yielded
revenue to the state of several thousands
of dollars each year.