Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1865-12-20
THE NoP!Top,s HuMBua FIG.
URES ON COUNTY AEEAIRS.

mence q review OF local uuaus'
after the pattern Of the News and we
did not know, at the first issue. but we
were going to have an "ally" on this
matter, in the newspaper-person Of the
Flop. II brashed out with a great hurrah
about an honest investigation Of county af-
fairs. We are now compelled to say,
without disputing the good faith Of our
Copperhead contemporary, that it has either
been wofully bamboozled by some Of the
scrippers or is speaking after a very casual
and certainly very uninforming examina-
ton Of the records; and an altogether
calculation is the published re-
suit. The Union says: 2 CIR
ITO purchase the Odd Fellows Hall,
and put it in condition for use. will cos,
not less than $4,000. This sum applied
to the redemption of $1,000 of warrants,
will avoid the payment Of 10000 for one
years interest thereon. After the present
year the Odd Fellows Building, it may
be safely calculated, may be had for less
than $4,000 a year. In this the adyan.
tage is two 10 one in favor of the PROPOSE.
ton for the reduction of the debt"
Now remark: There is only $4,000
accumulated in the Building Fund. The
Union says that the county can take
$40, 0o0-the mount asserted to be nee
essary to purchase and properly fit up
Odd Fellows Hall, so al to accommodate
county oficers-and purchase county scrip
with the sum-, and make a saving Of
SlO,O in interest. The deception in
this statement is gross /; and we must again
express the hope that it is u~nintentional,
The $4,000" here put forth as a great
saving. is not $4,000 in coin. but Slo,o0C
in scrip-scrip on scrip. Do you mind
Now, according to the Unions own figures,
given in the same article, this $4,000"
is worth only S4,OOO,-as county scrip oil
warrants (all the same) are worth only
40 cents on the dollar. Now, i'll saving
this 81, 000-the real, cash presence in the
$40, OOO-we lose $1,000 in rent! Sc
that, actually, by the Unions
W system Of calculation and estimates,
when properly explained-by a purchase
of the Odd Fellows Building to-day, We
would sars three years interest on the one
hundred thousand dollars. For, this $ll,-
900 rent we have to pay, If we do not
purchase, will buy $4,000 worth Of
county scrip. Now subtract the $4,000
the Union talks about, and we have saved
by the purchase $4,000 - over three
years interest on the 100000 of warrants
recommended to be purchased for $40, 900.
The fallacy and trick of the Unions
~reasonings irresis,ably suggest to our
mind the thought that its " Investigation u
was conducted for it, by q scrip-shark.
Other points in the Unions article Of
yesterday deserve notice for contradiction,
if they were in~nocently made, or are liable
to mislead to any extent. The Odd Eel
lows Building will not cost $1,000 to Fl,
up for county purposes. 1t is partly ar
ranged for such use now. 1t would moi
cost over So, 900 at the outside, to make a
complete adaptation of the building to the
purpose named.
We may add. that we believe, and are
in fact informed, on good authority, that
the Odd Fellows building could be had
for $1,000 instead Of 1913, 900 and then
the entire cost for the perfectly fitted house
would not be over the latter amount.
We repeat and insist: it would be
downright economy for the county to pur-
chase the building now; and the true
figures show it. The scrippers, who 60,
their paper for 20 and % cents on the dol
lar, are clamerous for a transfer of the
Building Fund. that they may at once re.
alize 40 and 10 cent on their warrants.
OF course they are regardless Of the fact
that the county would lose three or foul
thousand by the operation-as against the
saving to be made by purchase Of a county
house; but they are anxious that the peo-
pie should not understand the facts and
fguers as they really are.
When the Legislature convenes, it will
undoubtedly pass a bill placing 20 per
cent. in the Redemption Fund Of the
county, and the Redemption Fund Of the
city. That will bring county warrants to
a nearly legitimate valuation - say 80
cents on the dollar. Then the county can
20 on redeeming at a saving Of from 10 to
Is per cent. on present prices.
We need a county building. Now is
the time to obtain one, if we are ever to
have one. There Is a great gain to be
made by the purchase positive saving,
No one will gain by the transfer Of the
Building Fund to the Redemption Fund,
except scrip sharks, while the county
will lose thousands thereby.