Democratic Northwest and Henry County news. [volume] (Napoleon, O. [Ohio]) 1894-1905, 1894-04-19

possession of every penny that has
ever been collected FOR them. The
people have paid every dollar ofthese
overdrawn funds, which only means
that more money has been paid out
for said funds than has been collected
for them and other funds have borne
the burden, and because of the fail
ure to levy a tax sufficient to meet the
expenditure Of each fund, il became
necessary to borrow $35, 900 for the
county fund to pay the sinking fund
that amount OF money which the
county fund had used above its re-
ceipts and which still left a floaling
Indebtedness of sS,615.77 unprovided
for. III this practice of former years
is to be continued, and no means pro-
vided either by levy or transfer, or
both, to keep the county fund. from
invading the rights of other funds
unlawfully and with impunity, then
the bonded Indebtedness will nev-
er be paid but only transferred from
the sinking and other funds to the
county fund. - n
The only advantage gained when
the county fund was bonded, was in
~ o,.soie ~ tSo Ps-9 n1ono -
seven years Dy lIlstalllnelsS. during
sue iesC seven years tnaG one sinklhg
Iulu carried ~ tllls oepI, C.cosc she Oa4-
pay1hIs u neisy 80 oUn oga ~ Ia M lilVerest M
will now cost the county when paid
in interest only $1,000, a difference in
favor of paying this debt by install
ments Of So, ,S52.50. The first years
Htlin IN in0ipli eauu IuVetesg , nas peen paiu.
I;nh;n nis HetS S eos aoe @nSo retseveS tne
onI aunu ~ VI Soo,ovV lnuepoounees NJ
ment of III 7e7 70 interest and ,hrolrcr.
ACE and ossmres the taxnavers that
the bonded debt of s130 006 will he
maid at maturity, and before maturity
II the commissioners can call in the
bonds. They are now ready to nav
fifteen bonds of n 600 each. II +hev
can be procured, and each yearfp the
future an average of fifteen bonds of
81 900 each will be paid. and while
this is being done the county fUDd
must be assisted to bear its burden of
debt and meet current expenses.
This can be done with but a Drifting
added expense to the taxpayers if a
proper and wise disposal be made of
what we now have and can lawfully
apply to relieve this fund of it's un-
bonded Indebtedness, and as the ay-
erage yearly payment of its bonded
Indebtedness is but $6. 600. now il the
time the fund should be assisted. as
the PAYMENT, including interest for
the first and second wears. exceeds
the average payment in the sum Of
81, $50, with the additional expense
imposed by the CARRIER law and in
dexing.
careful insnact;on ~ tho ro,o;n+o
and eyYandit,1ros of tbo oo,,nt,v U0fp.5 f,InJ
for the Ave Years from Sent 1:+ a 1899
To Sent let 1900 dnrino, I'll 81 ~ wbicb, iTC,
time tba law for tho coEntv nv frnd ~ uas
three and onaotanth mills d;sciosaS aS
the fact Fbat the avaraoe coiisct;on Ivo
for each YEAR was s9o 1aS 10 and tbat
the AVERAGE exnenGi itnre for each vaar
was So5 6qo hl aIeo that tha owaIo zoo 90
exnenditnra above recaints zach vaer
was Az 496 az or n total 9eynandiinra
in five vears above receints ~ SS7
4S4 AZ which being added To The IN.
debfedness Of Sent 1st 1897 annalad
a total indebtedness If the conntU
fund on the 1st day OF Sept. 1892. Of
$40, AT. .16, which proves beyond uues-
tion that the levy of three and one
tenth mills was entirely insufficient to
meet the current expenses of the
county fund with an average dupli-
cate valuation each of these years of
So, ,415, ,O31. This constantly increasing
indebtedness and relentless invasion
of the rights of other funds to ope-
rate the county fund, should have
been arrested by an increase in the
levy or by transfer and strict adher-
ence to ecGffomy in public expendi-
ture. If the levy for these five years
had been four and two-tehths mills
instead of three and one-tenth mills,
a difference of only one and one-tenth
mills, the result would have been
vastly different. The county fund on
the 1st day of Sept, 1899, would have
declared an amount on hand above
all Indebtedness and expenditure of
81, ,220. 81 instead of a deficit OF $4O.-
7.16. This additional levy Of one
and one-tenth mills would have proven
itself to be immensely in the interest
of the taxpayers of Henry county.
and the additional lew scarcely felt
and thA bonded debt for which the
whole county ia held and firmly bound
would have been on the 1sf dav Of
ian. 1s93 $1a0 000 instead of $1e5 mn
and every other fnnd both hJJ connty
and local world bave had everv cent
to which II was entitled at that time
Int On acconnt of the faiiure to Mace % |
and maintain tba countv cor f,,nd pn a
salf-sustain;no hasis d,1r;ne ali these
vaars nracadinr lar 1st 1900 This
debit 81 former Years mnst he naid in
the fntnre and nnon q dnniicatavaln- \
ation of hit q faw thonsand do,Iars
@reator ] ~ thon @ Viii hi % this daht % was
3 sccnmnlstine wbicb h demonstratas
hevnnd ] sl nnassfl;on % tba unwisdom ,''o of
~ ms = ekino, % +ha @ fntJ,ro haor hos ito own hnr
dans and ID also tbe % hnrden I $50 Of tha
nest % as ~ sak % n0o ~ +bis ind ahtednass % is
Ponded T I snd poGioGv hoors ~ % in+arast and will