East Saginaw courier. (East Saginaw, Mich.) 1859-18??, 1865-04-05

frontage that we have; and furnishing
an additional amount Of labor for a
| thousand men. These men will bring
their families with them, our popula-
ton will be doubled, our trade will
be doubled, and our property will in
crease with IL. " ~ aIii ~ eH "a
| The Bill which was passed author
lining Bay County to issue its bonds
for $50, 900 for the CO npletion cfthis
work, must be voted upon at the COM
ing spring election. ~ Lao tfei'i.a
The Bill is perhaps 'as perfect as
any bill is which is prepared and pass
ed within fifty days. There were sew
eral objects necessary to be aimed at
constantly in such bill The first
was to raise the money on the Bonds.
This could not have been done by
placing them on the basis of an inef-
nito and vague taxation, or by tax
alton on the property directly benefit
ed. Consequently the Bill il SO pre-
pared that the Bonds are based on
the faith and credit of the County
This will render them readily conyer-
tible into money. m u ta.lt ia5
Then the bill provides for the pay
ment of the interest of the Bonds,
and for the gradual extinguishment
of the principal as follows: Iu ~
lst. BY tax not exceeding five
cents per thousand ON lumber sawed
on the river; and tax of not exceed
ing two cents per bbl. on salt manu-
featured on the river. VI iial -.
1t is estimated that during the year
1864, eighty million feet Of lumber
was manufactured in tho mills on the
river, in this County. This amount
will be increased twenty million tho
present year, making one hundred
million, which would pay tax of
30, 900, or sufficient to pay tho intor-
est on the entire loan. I'D Z ot H..
II is estimated that there will be
four hundred thousand barrels of salt
manufactured the present year, which
at two cents per bbl. will pay a tax Of
$4,000. These taxes alone viii pay
both principal and interest of this
debt, together with all cost of collec-
tion, in seven years. f 1o ypsu "A
But should these funds fail TO bring
In sufficient revenue to pay the in
terest, or principal, the Board of Su-
pervisors may assess the balance Of
the property benefited by the i'm
provemeht. This provision was in
tended to provide for assessing lands
having frontage on the river, which
would be benefited by tho improve
ment ,abut which were not used for
saw mill or salt manufacturing pur-
poses. Under this head, all stores,
docks, and vacant lands bordering on
the river may he assessed, and the
amount Of this tax being Unlimited,
the Board of Supervisors, il was in
tsailed, wqsSm n TAX on TINS property.
1t was further provided that the
Board might also impose a general
tax on the property of the County, II.
they saw fit. This provision was put
in merely to give credit to the Bonds,
as from the showing above, no neces- |
sity for such taxation can ever possibly |
exist. 81 80, lo t3 r'elii tc 4sr
I or course it is net necessary under
the law that the whole amount Of this
specific tax,ased he levied an any one
year. The tax On salt may, with
safety, be reduced to half Of ono cent
per barrel, and the tax on lumber
NAV be reduced to four, OF even three
cents per thousand, and yet with tho
tax on the lands fronting on the river,
more than enough may, be raised in
ten years TO pay offthis shtire indebt-
edness, without collecting a dollar
from stherIgsneral property of the
County. Then, what objection Is there
TO this law? Who will suffer by it?
No ono; but, on tho contrary, the COM
pletion Of this work will be of inesti-
mable benefit to US. The war is com
ing to q close, thecrrebsllion is nearly
crushed, and / yerHyObelieys that in
three months time peace will substan-
TALLY, RETURN to us. Then welwill9 be
rid Of this vast amount Of taxation
for State, County, z and township
l,ounties to volunteers, and from the
further payment of this Volunteer.
Family Relief Fund money, our taxes
next year and hereafter will not ex-
eeed one7tenth Of the tax of the year
Just past Then, why be startled and
frightened at this imaginary phantom
or shadow Of taxation2 yfr,.
But we do not contemplate paying
the prinoipalo of this indebtedness un-,
til after ten years. i came here ten
years ago, and ] know We can as
easily pay $4,000 per year now in
this County, as We, couldo then pay
$780,, Our development and aoeumu-
lation of wealth must increase and
we will never feel this tax. Our chill
dren will pay it for us cheerfully and
gladly, and will thank us for sending
down to them this noble improvement
Of our river as q legacy. 10 aligs Il ym
But it is said that Saginaw County
will be benefited, and wef will not do
it unless they assist us. Is this an
argument worthy Of you. You ben-
eft your neighbours vacant lot by
erecting your own dwellings on ada
cent property, but would it be busi-
ness-like TO ask him to help you to
bear the expenses of it, crwonld you
and your friends remain shelterless
because ho would not. What high
way,was ever made but that the peo-
plel beyond it, and the traveller who
passes over il were benefited by itp---
IhAnd yet you would nsver ask either
of them TO assist youin making the
highwsy.,yiWhyi ruin. ourselves be-
cause SaginaT,is ungepcrous. This
objection becomes ridiculous. We
must do this work ourselves. We
must |, carry the vote at the coming
election. Everymember Of this Board