The News-Herald. [volume] (Hillsboro, Highland Co., Ohio) 1886-1973, 1895-01-17
OHlU STATE NEWS.
OHIO FINANCES.

Annual Report Of State Treasurer Cope
Funds ON Hand suficient to Meet Future
Nrquirencnt. " Proper Economy Is Ex.
= ercised.
COLUMBUS, o.. Jan. 0.--Thc annual
report OF State Treasurer Cope was
hled with the governor. He says:
For the last ten years the receipts
for the general revenue fund. arising
from taxes and regular sources of rev.
enue, have fallen short of the disburse-
ments more than $500. 900. This
amount was made up by the sale of
certificates Of indebtedness at different
periods. and amounts received from
the general government on account of
the direct tax"
This report gives a table of the re-
ccipts. disbursements and balances for
the last fifteen years, which shows
that at the close of Gov. Fosters ad.
ministration. in spite of the fact that
temporary loan of So72, GAO. 80 had been
made by the Bishop administration
from the sinking fund, and was repaid
by the Foster administration, there
was balance in the general fund Of
S61s,S-6.
During the two years of the Hoadly
regime this was reduced to sos, 14s4
and the balance of unpaid appropria-
tions reached the enormous sum
of 100000. The surplus of over
100000 had entirely disappeared.
and outstanding bills amounting to
100000 were left to be met by Gov.
Forakcr's administration. This neces-
STATED the issue of $780, 900 in certifi-
Gates of Indebtedness by the Foraker
administration. During Gov. Camp
bells administration the excess of ex-
penditures over receipts was offset by
the payment of S33o, ,Oa5. .93 of direct tax
into the general revenue fund.
Mr.. Cope has this to say about the
embarrassment of the present admin
istration:
The decennial board of equalization
of 1890, after equalizing the appraise-
ment of the real property of the state,
made ageneral reduction of 1Oper cent.
Of the state duplicate, which amounted
to more than 500, 600, thereby taking
from the general revenue fund, in the
time elapsing since, more than $780,
600. Thus it will be seen that had this
reduction not been made, the finances
Of the state would have been in such
condition as not to have necessitated
the issuing of the last 100000 of Ger.
tificates of Indebtedness.
The total receipts of the state for all
funds during the fiscal year ending No.
vember Is, 1904, were S6,559, ,554.7s,
which. with the balance left last year,
made a grand total of S7,177, S03. IS.
The total expenditures were $685..
62a.60, leaving balance of S3O2, 264. 81.
The receipts for the general revenue
fund, including $500, 1880 from Ger.
tificates of indebtedness, were "a, $780,.
o0o-80, the receipts from regular
souroes being $500, ,4soaO. With the
balance left ever from last year this
makes an aggregate of 81, ,337, ,622.96,
The total amount paid out on audit
ors warrants was S3,9s2, s95.11. This
leaves the respectable balance of 1884,.
s27.s5 in the funds at the close of the
year-the largest since 1854.
The state receipts the past year from
the various sources were: Dow tax,
S552, 42& 80; general tax, general reve-
nuelevy iS2, 456, 40. s9;sinking fund levy,
S526,5a0.62; school levy, S1,745, ,971. .O2;
Ohio State University levy, ss7, 1873. SO;
sale Of $500, ,OC0 certificates of indebted.
ness, $500, 1o7. so, auditor of state, $780,
90, board of public works, s92, 2,55951;
canal commission, sale of LANDS. $13,-
40; clerk Of supreme court. Sl,O61;
Columbus, Hooking Valley and Athens
railroads, $4,000; commissioner of
common schools, S76s.s2; dairy and
food commissioner, l1,0l7.lo; Dayton
state hospital refund. s1.771. 80: fish and
game commission, $50; United States
government aid to Soldiers Home,
$50, ,492.25; Ohio penitentiary, $780,
6i2.49; secretary Of state, Sl24. 42l. 90;
superintendent Of insurance, s97, ,l9l. 4s:
superintendent of building and loan as
sociations. S3,s76. SO; sale of state lands,
$500; railroad tax for support of rail-
road commissioners office, Sl4.457.2S;
refund New Orleans exposition, S225, IL;
rent Of state stone quarries, $500;
Worlds fair, S1.s93.54; miscellaneous.
s305.s2. The disbursements were as
follows: General revenue fund, $685..
sos. IL; funded debt, S250,OOO; interest on
funded debt, $50, A. 1. 50; interest on ire
ducible debt. S27l, 13l.9s; bonds and in
terest state board of agriculture, S13,-
$50; expense of redeeming bonds, S605.
IS; sinking fund Office expense, sl,4O6.-
a.; county trcasurer's school fund, ST.
7O9,3 state university, 500. 033.67.
Treasurer Cope closes his report with
the following words: Il believe that
the financial condition of the treasury
is now such that all future obligations
can be met without resorting to any
further Indebtedness. provided, howev-
er, that the several institutions and
departments use the greatest economy
in the expenditure of the public
money"
Destitute Miners.
JACKSONVILLE, O., Jan. IA careful
investigation of the situation among
the miners of the Hooking Valley
shows that there are some families