The Carson daily appeal. [volume] (Carson City, Nev.) 1865-1870, 1868-12-22
TEE r .ILROAD AGAI MORE FACTS
AND FIGURES.

AND FIGURES.
The following statement. of facts
figures and possibilities is furnished by q
gentleman who has made n careful
study CT the matters and things involved
aud il is but due to our subscribers IN
ormsby County that We place it before
them
To the Editor of the Carson APPEAL
Dear Sir note your remarks upon the
proposition of grant. BY the County of
Ormshv, of 5000 900 in aid o the constrnc-
-ion of the projected Il ,ilroad between Nir-
gin;a and Carson, and, as it l. desirable
that the ue-tion should be placed before the
people of the county in plain AMI intelli-
sible shape as possible, p rmlt ME, at the
risk of repeating some of the figures al
ready published By Won, to submit few
calculations on this subject.
As Understand the Railroad propositi n
:. is this The p,rtes who propose TO build
ne road are to commence work as soon as
IN Act of the Legislature i obtained. au-
,ho,izing the County of Olmsby TO issue It's
bonds to the Railroad Cnmpa for $780,
900, and to complete the road within one
year or il 1870 these bonds to be issued
On the completion of the road, to run fifteen
years and bear interest at seven per cent.
Der annum. A sinking fund to be c Gated. |
or the redemption of the bonds, cpninenc
ing two years afer the issuance OF the bonds
lad covering thirteen years.
Basing our figures on those premises a
careful Ca lculation shows that: applying tn |
sinking fund, it accrueS, to the redemp- |
ton of the bonds and consequent reduction
If the interest, the question of taxation will
stand as follows:
Average interest bonds pc annum
$500 II making for Is years SI26, COZ 90
Average snsing fund amman
$,S ,333 SO, making for 10 years...... 300 COO %
s.: .Op2 co
Or an average annual tax for Is years of
$2l 1888 Al. But on moderate estimate of
the additional value Of property which the
construction of the Railroad will introduce.
!. is computed that the county will gain an
additional amount of taxable properly of
81 900 900, to say nothing of the enhanced
value of the property now within the county
liable to taxation. The tax would then stand
taus:
average annual tax for Il. L. rurpo-
''-' -
lain On t"sabe pr p rty OF 81 ,Uuuho5
n the present rate OF 81 S. per annu.. Is. 500 90
Increase of tax rer So 81 Il
Inc assessment rate, as compared with the
pre- sent rate. would be:
Present valuation OF taxable prop
erty .----..--.------..-tl .'9i. ~ % ,
Additional taxable proper'y-------.- I, 800 Coz o.
total If taxable property. 90 l.0 90
iae whole am INT necessity for runty pUrpns
,er year is So 41S %. reITiTfrg IA "f-..:t II
The whole am pant required for !:,iir al
purpose, per year is Sill 33 II requiring
rate -
: ,ta! rate for county and Railroad pur-
;'os ;! ~ !
-ae present rate tor unity purposes Is-...-.@ : ,
.saving the actual iditfon to the present :
~ +
Take another ard simpler view Of the
uestion which brings i. within nutshell : I
'ae whole am unit winch the comfy ;.
- II he calei uP.n to ply for ii
Railroad purposes principal anu IN !,
sereS within Is years is ,t12 CO
ne Railroad viii add 10 the taxable a
property of the COUNTY 81 Nt9.Gj9 %,
which at the present ratc 81 s. will :
yield IN 10 years increased re- >,
s1urc3 40 %
Iaking an addition to the pres ut
tax S+S.502 60
Spread over fifteen years or an annual -,
gm of So 233 Il. as before stated. which
he county won'j have to pay over and above p
he present rae uf assessment, in order tn f,
,cure the building Of the Railroad an in
gniticant sum compared with the aIvanta- q
IS which the county would secure to its 81
isiness and pr0perty-a sum which, 1t Is
fe to say, every business man and property "
llder within the county, would, indlvidu- hi
iy, more than realize from the increase in 9
ade, in the market value of property, and ~
the greater readiness with which he a.
uld dispose of his property al fair market !.
ices. OEMS8Y. u
December 10, 1853. b,
Following is iabriar sta'emen. pre- II
lred by our spnudent VI
Applying the Sinking Fund. as it accrues. Is
the liqridl,ion of the indebtedness, the
ymenrs for interest and sinking fund will oA
.ud as follows: th
III
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