The News-Herald. [volume] (Hillsboro, Highland Co., Ohio) 1886-1973, 1889-09-05
OHIO FINANCES.
They are in . Bettpr Condition
Than Ever 1efore.
A Statement Mads BY state
- Auditor E. Va Poe. ~

~. Auo1tOT- 6s va roe
An Explicit Denial Of shs Charss That
Unlaws~s Uss was sssas % -ths Stalking
Fund-.Not, One Dsiias Has Been UssA
~ Any Trns Essspt - Frsvidsd and
Directed ~ Raw.
Auditor Of State Poe makes the fol-
lowing statement regarding the financial
condition of Ohio:
AUDITOR or srArH's Oyr1cE,
COLUMBUS, O., Aug. %, 1889.
To the Public:
In answer to inquiries BY lstts. and other
wise with regard to the finances Of the state,
have thought II best to make statement
in as brief Q manner ~ can, and yet 10
simple that any schoolboy can readily under
stand, when he has read the statement, what
II contains and what II means
On the Sth day Of February, 1889, IN an
swer to q resolution introduced BY the Hon.
Boston g. Young and adopted BY the house
Of representatives, l submitted a report
showing the then present condition OF the
finances Of the state, and what, In my opin-
including in said statement the taxes due
June 90. 1850, which are now being covered
into the state treasury. The following is
part Of said report, covering the general
revenue fund, sinking fund and state COM
mon school fund:
AUDITOR OF STArE's OyFICH,
COLUMBUS, O., Feb. 8, 1889.
10 the House Of Representatives
n.,rwv rov, L. s.Na nth n tarmS
and provisions Of house revolution No. 65,
offered by Hon. Boston q. Young, and this
day adopted, I have the honor to report
that
There u in the general revenue fund
in actual cash money subject TO
draft 0lVsNOV0 ~
That there remains to be collected
from the several county treasur.
ers, upon the December payment
Of taxe., and from other sources
for the general revenue fund, the
sum Of about. ........... ........... 1oO'VV W
Total cash on hand and to be col
lected.as above. $eoS,V0O W
LIABILITIES.
The total liabilities Of the general
revenue fund on account Of un-
paid appropriations is... ..... .eSS$,8tO -
In addition to the foregoing there will he
such further liabilities to be paid out Of the
general revenue fund, after Feb. Is, 1889,
as may be created by appropriations made
by your body.
SINKING FUND.
The amonnt of money in the sink
ing fund In actual cash is........$ 1881 II
There is due and payable from the
county treasurers OF the state for
the sinking fund from collections
already made BY them. about. .. $4,000 90
Against which they will be entitled
on settlement u credits for inter-
est ON irreducible debt amounting
to about. NEUTRALITY-SUSPICIOUS.. 10uVU w
settlements Of about. ........... 10000 %
There are no liabilities against this
fund maturing until next Julyl,
at which time there will be paid
from II Of the funded debt. -. $4,000 %
Interest ON funded debt. ........... 46,600 90
Total ssss,sn %
TO meet these liabilities there will
be due and payable from the
county treasurers upon the Febru-
AIRY settlement as shown above. -. Sll0,0 900 90
From the county treasurers upon
next Juneb collection Of taxes,
about ..........."....,..., 900. $4,000 90
Making the total amount Of money
in the sinking fund July !, 1889. .$5ti,0OO 90
Against which the total liabilities
are as shown above. ve................ 260O0 %
Leaving surplus In sinking fund
July !, lSS9. OBSERVATION-DISCLOSURES. ...$AS, ,|U %
STATE COMMON SCHOOL FUND.
There 10 now In the state common
school fund In actual cash moneys a643l 90
Against this fund there are no liabilities
whatever, except those created by your re-
Al A. Il A. l.
than sufficient
renork to call mar attAnfion "a ths laok