Dallas herald. [volume] (Dallas, Tex.) 1849-1873, 1871-12-23
Internal improvement,

il is the only wise aud prudent plan to be
adopted,
Il IL certain that We eanIol by direct
taxation Talss the means that seem 10 be
necessary, in order TO make ,hs.e inprlye-
ments, aith0ui too great burden upon the
people, how 90 thoroughly depressed by
The assessments already made, Aud il 10 /
also esrIain, that these Improvements are
an absolute necessity. in order 10 ssehre,
beyond question, tie rapid Development of
our city and eounly.
Any plan thea, that will not draia the
pockets OF out people, but will give us
streets, roads and bridges, and insure the
early completion Of our Court House, should
be aud will he adopted,
The Court House We are now erecting,
the bridges proposed to be built, aud the
streets opened out aRd made passable, are
70 erected, built aud made quite as much
for those who may be here ifiy years hence,
as for those now here. To erect this Court
House, build our bridges, and open up
and grade our streets, by direct taxation,
will DO TO make the present inhsbiianIs aud
tax payers do all these things NJ their own
expense, while those who follow Us, or here,
after become u part OF us, will reap the
benefits thereof without cost or effort.
Can We afford TO do this for those WHO
come after usl Are we 50 rich in means,
50 magnanimous in our dispositions, and
will we mud enough OF consolation ia the
idea, to repay us Tor this cost, labor aud
anxieiy, in providing these improvements,
that posIsrity may not be taxed therefor
Are we so generous as TO impoyerish our
selves aud circunscribe our own wants,
that posterily may be made comfoi Ia dc
and happy thereby II becomes a matter
Of justice, then toward ourselves aud those
in our charge, TO adopt s,me other plan
than that OF direct taxation TO the ful. ex-
Ient Of the cost OF these proposed improve
ments. What better plan can be suggested
than that OF issuing the bonds of the couu-
" TO mature in ., 10, 10 aud 20 years, and
the proceeds thereof applied TO the compile
ton of the Court House and building our
bridges, and issuance of the bonds OF tho
City 10 open out, grade and put our streets
III pussable condition. This plan has
been thoroughly tried in other localities
and found to work admirably. 1t relieves
the present tax payers of great proper
ton of the burden, and cOupels hose, VINO
may become u part OF us IN years hence,
anu WHu 'hchc
equally with us, to pay their proportion OF
the cost. In other words, IL mO.t eifectu-
ally epualizes taxation for these purposes,
as bet wecn the present and future tax pay
ing population Of the county aud city.
To huish the Court House aud bulid the
bridges proposed, it will cost in the neigh.
borhc cd OF $4,000 %, and to raise this
amount by direct tax upon the assessnbie
property of the county, estimated at So
UUU,UUU, will require rate OF taxation ot
just J per cent. or SIS % ON cash 5000
OF assessmenls-sO that the man whose
property is assessed AZ $1,000 would have
TO pay $40 o. Or II assessed at $1,000 he
woull hive to pay $l6O W. Tins plan
would be onorous, and could not with pru-
d.nce be adopted. Now let us look at the
plan of issuing our b. nds for this purpose,
and ascertain what the difference In taxa
lion will be, as between the Two plans.
We find that $4,000 county bonds, at
10 per cent. annual interest, to run 8, 10,
Is and ~ years Tor maturity, will qlre
$500 Tor interest and SO, 75O for sinKlng
fund.- and making total of ll,2jO TO bs
collected annually by taxation .or first 8
years. THIS will demand levy Of nine
torlieth Of per cent. on S0,UOO,OOO LIST
year, or 81 rs on each $1,000 assessabie
property; three iour;eenihs of per cent.
on S5,25U,O OO I'd year, or 81 10 on each
$1,000 assessable properly; nine. forty.
fourlhs of per cent. on S5,5UO,OO I'D year,
or 81 Us on each $1,000 assessable proper
ty; nine iorly-sixths of per cent. on
30, 100000 4th year, or 80 on each $1,000
assessabls property; three-sixteenths of |
per cent. on S6,0OUU0O 9th year, or 81 S6
on each $1,000 assessnble property.
AT this time one fourth of the debt is
paid, and the principal reduced to $50, $50, !
on which the annual interest and the sink
ing fund will be $3.50, requiring u tax
levy of three twentieihs Of l per cent. on
S. 25U, 900 9th year, or ST. so on each $1,000 |
assessable property; hftcen-one hundred |
and tourths OF l per cent. on $6,5OO,OOO 18th |
year, or ST. 43 on each $1,000 assesssbe
property; fifteen one hundred and eighths
OF per cent. on S',75O,OOO 9Th year, OF
81 80 on each $1,000 assessable property; |
three-l wenty seconds of l per cent. on 81, |
100000 9Th year, or 81 30 ON each $1,000 |
assessable property; fifteen one hundred |
twelvths oil per cent. on $3.50, 900 10th |
year, or 81 SO on each $1,000 assessa BILE
property.
Again one.fourth of the debt is paid,
leaving S37, 500 on which the interest and
sinking fund will be S7,50l, annually, re-
quiring q tax levy of one tenth of per
cent. on $500 900 llth year, or 81 90 on
each Sl0OU asssesssble property; three
thirty-frsts Of | per cent. on S7,150,000
18th year, or 81 cents on each $1,000 assess.
able property; three thirty seconds Of | per
cent. on S,000,003 18th year, or VI cents
on each $1,000 asssessab!e property one
o: per cent. on SS,2j00JO l4th
year, or 80 cents on each $1,000 assessable
property; three thirty .fourths Of per
cent. on $500 900 10Th year, or 81 cents
on each $1,000 assessable property.
Again ne.fourth of the debt is paid and
there remains Sl8.750, the interest and
sinking fund for which will be $685. and
will require tax levy of nine-one hundred
and fortieths Of per cent. on $3.50 900
10th year, or "a cents on each $1,000 as
sessable property; nine-one hundred and
forty fourths Of per cent. on $1,000, 900
l7th year, or 62l cents on each $1,000 as
sessable property; nineone hundred and
fOriy-eighths Of per cent on $3.50, 900
18th year, or 90 cents. on each $1,000 as
sessable property; nine one hundred and
hiiy-secouds OF ! per cent on S9,5O0OOO
18Th year, or 50 cents on each $1,000 as
sessable property; nine one hundred and
finy-sirihs Of ! per cent on -, $50, 900
10Th year, or 81 cents on each $1,000 as
sessable properly.
And at this time the entire debt is paid,
both principal and interest, and you have
had the use Of your Court House and free
Bridges for 20 years.
The conclusion is inevitable, then; that
The laIfer plan Is the one TO be adopted, aud
i IL hoped that the people will respond
iAv0rsbly thereto.
The same method Of estimating for the
county, can be made for the city, and with
Equal results.
Let % then Pot our shoulders 10 the
Wheel finish up our Court House and BULL
he necessary bridges, IN all Parfs Of the
county and make old Dallas IN al resPects,
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