FINANCE — PRODUCTION AND INDUSTRY — BOOKS 595
Finance— The rec-ipts and disbursements, for the fiscal year ending July 1, 1920, were :—
Dollars Cash in hand, July 1, 1919 .... 7,375,352
Income, 1919-1920 33,366,689
Total 41,242,041
Disbursements, 1919-20 .... 29,535,484
Balance, July 1, 1920 . . . 11,706,557
The public debt of the State on June 30, 1920, amounted to 1,665 dollars, being the Canal Loan not bearing interest.
Production and Industry. — Ohio is axtensively devoted to agricul- ture. In 1920 it contained 256,699 farms, a decrease in number of 15,346, or 56 per cent, sine- 1910. The total value of all farm property in 1910 was 1,902,694,589 dollars. The chief crops are cereals, hay, potatoes, fruits and vegetables, besides tobacco. The maize crop in 1920 amounted tol62,099,000 bushels, and thewheatcrop to 28,698, 000 bushels ; oats, 71,339,000 bushels. The area under tobacco (63,000 acres in 1920) yielded 60,480,000 pounds. Beet sugar to the amount of 51,000 short tons was produced in 1920. Horse- rearing, cattle-breeding, and dairy farming are important. On January 1, 1921, the live-stock in the State was 795,000 horses, 28,000 mules, 1,009,000 milch cows, and 996,000 other cattle, 2,773,000 sheep, and 3,921,000 swine. The wool clip in 1920 yielded 12,449,000 pounds of wool. The farm products and live-stock in- dustries give rise to the manufacture of butter and cheese, and the meat- packing industries.
Ohio has also extensive mineral resources ; it is the fourth State in the Union for mineral output. The two leading products are coal and manufactures from clay. Other mineral products are petroleum, sandstone and limestone, Portland cement, salt, grindstones, pulpstones, oilstones, and scythestones, besides mineral waters.
In 1910 the capital invested in manufacturing industries in the State was 866,898,083 dollars ; the amount paid in salaries and wages was 228,984.923 dollars; the raw material used cost 529,893,658 dollars, and the value of the output was 960,799,991 dollars. The value of the corresponding output in 1900 was 748,670,855 dollars. The chief manufacturing industries, according to the census results for 1910, are given in The Statesman's Year-Book for 1916, p. 590.
The railways of the State in 1918 had alength of 9,160 miles, besides 3,227 miles of electric railway track. Ohio has also facilities for traffic by water, and its most important city, Cleveland, has sprung up on the shore of Lake Erie.
On June 30, 1920, there were 775 State banks in Ohio, with a total of 1,1 50,313,376 dollars deposits, 370national banks having 802,093,000 dollars deposits, and 718 building and loan associations having 159,985,470 dollars deposits, making a grand total of 1, 863 institutions for saving in Ohio having in the aggregate, 2,112,391,846 dollars deposits.
Books of Reference.
The Annual Report of the State Auditor and Reports of the various Executive Departments.
Black (A.X The Story of Ohio. Boston, 188S.
Bogart (E. L.), Financial History of Ohio. Urbana, 19H.
