Grant County herald. [volume] (Lancaster, Wis.) 1850-1968, 1878-07-18

1
-Thete are some who do not understand
what amount of taxes they will have to pay ON
tho railroad town bonds Perhaps we can make a
use.i. explanation that subject Suppose
mans property is assessed at $1,000 His
tax on this amount if paid down would be $780,
But he is not expected to pay any part Of ii
until the end of five years. He would have to
pay the interest probably at ten per cent If
the bonds are Issued soon there may be six
months interest to pay at next tax-paying
time. Ten per cent interest on $50 for six
months is $3.50. After that he would have
to pay $500 annually, and at the end of FIVE
years would have to begin paying the princi-
pal. There would not be more than cne.fifth
of it paid annually and every paymen. would
reduce the next years interest. This is put
ting the taxpaying in its severest phase Sup
pose the railroad to be worth nothing, the rail-
road bonds to be worth nothing, these sums
are all that would haYe to be paid on an as
sessment of $1,000. But there will be some
rebatement. The town OF Lancaster will have
$4,000 first mortgage bonds on the railroad.
These are to draw eight per cent interest
They should cancel eight-tenths Of the taxes
and if they do the annual payments on the in
terest on $1,000 assessment would only be
fifty cents instead Of $500, and if the railroad
bonds are kept worth their face they would
eventually cancel the whole of the principal of
the town bonds. Besides this when the rail-
road is built, like other property it has an as
sessed value. 1t would have to pay its taxes
or license fees on gross earnings to the state
and these come back to the towns that gave
it aid. The tax cannot be very burdensome
and may not be felt at all
Our right bower at the types, Mr. GEORGE
FRITz has gone to take look at Nebraska, to
see if he can do better there than here
George is model that almost any young man
in Lancaster or in Grant county. who has to
live by industry, would do well to pattern
after. In the year and seven months he was
in our employ he has saved three hundred dol
lars out OF his earnings, and worked at low
wages, too much lower than we would gladly
have paid him. In that time he worked MANY
hours IN nights, tout of time." and was never
known to finch from or shrk work that he
saw ought to be done, and there yas no hand
to do it but his. Nine out of ten would many
time have run away from the work he ac-
complished and did not even complain of
overwork or fatigue. The result would. of
course, be with the nine, that they would be
out of employment and would not have the
$500 to command. Besides, George has none
of the other popular vices drink, tobacco,
nor oaths. He made himself popular, how
ever, with the young people, in more COM
mendable ways and will be greatly missed.
Some day George will be wealthy man. He
knows how to succeed, and win not shrink
from the labor necessary to success.
Mccormick and Hill have made great
success of their farm machinery business.
Their agencies cover a large territory and
they keepit well worked up. In this county
John Pollock sells for them in Lancaster
Woodhouse & Moorse, in Bloomington; Squire
Stephens, in British Hollow Herman Grimm
il Cassvie Brandon g. jeffrey in Georgetown
and A. G. Morse in Fennimore They furnish
any machinery needed by farmers; pows,
cultivators, seeders, planters, hay -rakes, reap
ers. mowers and threshers. They are not lin
tied to the sale of One or two patents. They
sell the Mccormick Harvester, the McCor-
mick Advance, the Mccormick Prize Mower,
the new Buckeye Reaper and Mower, Barnes's
Reaper, the new Nanny Reaper and Mower
and several Others They sell the Michigan
Sweepstake Thresher, the Autman & Taylor
Vibrator. the Canton Sweepstake Thresher,
ETC., With such list any man can please
himself. Mccormick & Hill are men of re,
sponslbility and their warrant is good. For
prices or other information, address them at
Lancaster.
Anthony Nelson, a Dane, while hauling
hay yesterday afternoon for Frank Bidwen,
was sun struck and died at midnight
The HERALD found that two-button kid
in the possession of Miss Phillis Williams, who
obligingly returned it to the owner.