Perrysburg journal. (Perrysburg, Wood Co., O. [Ohio]) 186?-1965, 1889-01-18

The annual interest charge on the funded
debt OF the state is now but 49l,2DO. In short,
the hpancial operations OF the state during the
last two and one'hnlt years show total reduc.
tion OF the principal by the sum OF Slis9,5Gi, 10.
md an annunl saving of si2! di3 In one
item OF interest without any increase what
ever OF the rate OF taxation, and without
any addition to the revenues ofthe State except
only that ,ch has resulted from the amend.
ment OF lhe law for the taxation of the liquor
tratiic, passed On the 2ith day OF March, 1888.
AT the same time, the decline In the aggregate
OF the personal properly on the tax duplicate
for taxation has been stopped, and the grand
duplicate has steadily increased during each OF
the years of Is o isS1 and 1883. II has Increased
from the sum OF SIG 0O7osGS, for Is s. to 81. .1s2
O5S.5 g for 1873 or total increase for three
years OF i,0TN17S. The resu { S that the State
Is in better financial condition. so far as its
funded dent is concerned. thun 1t has been at
nny time during the last sixty years.
After the payment of all demands upon the
Sinking und for the year iss0 there will re-.
main TO its credit surplus OF not less than
N.itO. The disbursements from this fund for
1890 will be for the
Loan due July I. 1870. $3.50 900
For interest on funded debt. -. -. $500
For interest on the irreducibe debt,
Total. Observation-Disclosures. Cl7,5OJ
Toward meeting this sum there will be in
the Treasury the above mentioned surplus OF
about sUO0O Hence it viii be necessary TO
raise by taxation for this fund only about
sii7,OOJ. For this purpose rate three.
should therefore, reduce the present rate OF
hye-ten hs OF one mill 10 thrce-tenths of one
mill. by doing so you will give the tax payers
OF the State the benefit OF the lowest rIle Of
taxation for the Sinking Fund that has been
levied slnoe the present Constitution was
adopted Moreover, this reduction can be per
nanently continued. since the extinction OF the
d. bt will be such that coupled with the de.
crease IN the rate OF interest above pointed out,
the rev nues so derived Will be ample.
During the year, the sum OF S5i,2iO has been
collected from the United States government
on suspen ed war claims, aud about 10000
have been realized for the State from the taxa.
tlon OF the liquor traflic. These sums have made
IL possible 10 meet the demands upon the gen.
eral revenue fund, but not without anticipating
each semi annual installment OF taxes more
than has been either convenient orproper The
building and maintenance of the Intermediate
Penitentiary, the Toledo Asylum, und the Sol
dier's and Sailors Home at Sandusky, together
with the enlargement OF other institutions, and
the necessarily increased cost OF State govern.
ment on account OF our annual growth and de.
yelopmenL have largely increased the annual
expenditures. II viii consequently require care
aud economy TO hereafter keep appropriations
from exceeding receipts.
Al your last session, you appointed Joint
committee 10 revise
our TAX SYSTEM
and report what changes. 4 any, should be
made In our revenue laws. Their report will
bring The whole subject before you, aud for
this reason the matter is now passed without
further remark than to refer lou to what has
been said In former messages and TO remind
you that the question Is OF such high import.
snce that you can not afford TO zeal with Il ex.
cept wisely and considerably.
THE coHsTJTUTlOR, REMOVAL OF PEHIrRN.
l.i TIAHY, AHp TtUsrs.
Three others bjects have excited con siderable
attention that would be discussed here but for
the fact That you appointed committees NJ your
lnst sion 10 Investigate them. They are the
e'"pSsI!9nA thp' have been made 10 amend the