The new North-west. [volume] (Deer Lodge, Mont.) 1869-1897, 1873-05-31


preparations for war. Her present weak.
mesa lies in he' present finances; hut It must
he remembered that war is sometimes lu>
crat,ve speculation.
Kew he Raslreaa Subscriptisn 0ill 10
Regarded n 0alistia County.
From the Ayant Courier May a.
". Editor:
Inow propose to submit TO the readers Of
your paper few figures. relative to the
little Credit N"bilier" got,eE up by our
extra Legislative session. In which our
county commissioners arc invited to he
Stockholders, and We taxpayers Of GnIlatin.
simply Subscribers To the correctness Of
The reasoning o we'll ~ the mum ricsl cal
cuie'iOn. l wish 10 direct the attention Of
The Galia'in county taxpayers shall make
tut one assumption, and that 10 the most
favorable 10 the friends If the measure.
"snely: That the road Is to lsc built with
the time prescribed, and sll tho conditions
If 'bs proposed subscription faithfully full.
dllcd.
I an informed by our county officials
that our last assessment summed up t. very
nearly million ind quarter, or 81 ESQ,
NO.
Supp sing that to he the actual valuation
1T Gslia'iN county NJ the time the road shall
e completed L, Helena. Aftcren PR cent. Of
huf ann, will k,o si,s. u,,,,,ut IN IL, ;,o,,aS a.,
Gsllatiu county bonds. or tlS7. 500 in blonde.
.'sysble in 30 years. bu, the interest IN
which, o. the rate of : per cent, Is payable
every year from the, time. which amounts
,oonly &lS.l25 every year.
Now, the population IT Gsilat,n county,
by The census Vi 1870, 10 $50 souls. Distrib
uting this annual interest account equally
among them, Il will be only 1881 TO every
man, wtMpan aud child
But II this heb, draws per cent. for one
year. for the 80 years il will draw eiO per
cent. simple intcrsi in other words. II will
rsw 80 times $l3.l.5, which Is sos. $50
1T interest alone; AID the original debt and
We have paid $5Sl. $50. or t30S dollars to
every man, woman aud child Of our present
pOpaiation. ...#
But my opponent may say. "Our popula
ton will iscrcsse-our taxable property will
IncreAsc-the value Ut all Of our real prop.
criy will be enl,anccdr r. lanswer-supp,se
II does; upon what ought our calculations
~ lie madeI Upon what we have. or urn,n
what wchavcn"t! Let Estates, Missionaries
and fools draw largely upon their imagina
lion; but let Us who are engaged In the
sober business Of living, and acting and
,o,ling-ws who have left dear and .dis,sn,
homes In part " avoid heavy tnxation-who,
BY OUT Isbor, hardship and pr,vaiion have
made these valleys habitAblc, productive aud
attractive, let u reason upon the question:
IL. " make business calculations, and look
upon this rsilr'sd question from the stand
point Of our resources, ard no, be 10 fooi>
,sh - u incur debt Ut such cnormity. In
hope and cxpec.stion. aud with the intention
'hs, somebody else will come along and pay
It for ~ Blu, on this subject will have
more 10 say here after. Mms
Let me illustrate these propose terrific
expenditures by IN individual instance.
fake my neighb'r Mr.. Brown Brown 10 n
ra"chman. hard. working fellow, married,
ms wisc little wife snd two healthy child
ren; and is faxed upon e:.OOO worth of
property. Brow" and wife, moreover. in
tend u ssay hers-they don't propose to
mortgage The country for . railway to ret
away upo" they are not Ut that das,a rdly,
contempsibly, Siiks"g nature. their httls
farm 10 their Eden. aud they propose 70 run
u u pay their honest debts, taxes among
oshers. and be honorable end respectable.
B'O~a has 1t my request taken bis slsie and
pencil aud calculated frum the standpoint
IT bis SesssHrcss. end hers ore bic figures:
His taxsLle property 10 =. OoO; Is per cent.
b propoacd for railroad. t3OO; the simple
interest on 'h,s for 30ycsrs toois uptO $50
Browns rsilrDsd debt II then $3.50. But
Bmwn sses that he will have IA pay the in.
tsrsst part :. he goss along and II u q
worth something t. ''sny such" company
4 10 worth something to hint 10 worth Z
per ceai. 81 that u " equsI I" putting his
rA'lrusd debt On compound interest for 30
years, - Be computed annually: Nov, one
ds'I!sf u cOsnp,und interest for - yeass,
vail sn"uas - o7.6l3 His $50 anOants
~ q, ~, S0i Thta b bic net rsilrus,l debt.
lie Lad NOT time u follow up tho expenses
" The stlcers. agents and msnipulaioss Who
viii hsvc 70 he jpsid ~ sISes. but I'll - doe.
80 f0s bis outlay y lillls one bosse tram.
way, leading frDm HeIena apmewhese--sl,r
cass % small lhsa twelve feet lumber Eli
rcquirs Two carr TO carry IL shaa cUm>
mon piano bosed up will on one cas. which
amosas u ssAl,ag sock viii transport one
Old mare ssd her c0ls. he Gees lhe eMgiues
isp weak and sisndss 70 kssp thetrack cleas
fre0 any lsils sktfs u sosw, ed hsjs u
Dslt showed - evssy winter . hsn aow. asd
cooeo g the cuari1slos that 10 had bssees
RicaSt nnle train.
aaa J. J. DAvnL
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