Lexington weekly intelligencer. (Lexington, Mo.) 1871-1887, 1882-07-01

If all collected would yield $5. 1854. But
to provide against all contingencies II
a levy of 4 mills should be made it
would figure out $3.50. and would
yield, allowing for delinqueno'es,
enough to pay the interest and provide
. sinking fund of somewhere in the
nsighborhood OF e3. 900 per annnm to be
applied to the reduction OF the principal.
which would very rapidly di sappear II
the levy was continued, as any u
see by a very simple calculation. Thus,
on an eighty acre farm usually assessed
at about 1000. the tax would amount
to 81 per annum.
Washington townships debt. princi-
pal and interest, 10, in round numbers.
lao. 900. OF this amount 20, 900 IL in judg-
msnts. The terms proposed to this
township are. IS cents on the dollar for
bonds, and 81 1-2 cents for judgments.
THIS would be, then, IS cents on $780,
600, or 1928 900; aud 81 l-2 cents on
$4,000. or 26. $50; or a total us. 54.25O.
The annual interest charge on this sum
at 6 per cent. would be So, 255. The as
sessed valuation OF the township Is, $685.
247. A levy Of TOUR mills on the dol
lar, or 40 cents on the hundred dollars,
therefore, would yield s. .94O. sufficient
to pay the annual interest allowing for
the usual delinquency. THIS being the
same rate as that laid down for L"xing-
ton township it is obvious that the burden
on the people would be exactly the m
Sni-a-bar townships debt, principal and
interest, 10 37O.O0O. OF this sum $lO..
600 is 10 Judgments. The terms pro.
posed to this township are. so cents on
bonds, and so l.2 cents on
Judgments. This would, consequently,
be, SO cents ON GO. 600. or >$1S. 900; aud
50 l 2 cents on 10000. or $3.50; or q
total of, $2l.25O. The annual interest
charge on this sum, at 6 per cent,
would be $l.27d. The assessed valus.
ton Of the township II. 1926 $50. A tax
sof 8 mills, therefore, would amount TO,
$l,579, and be- amply sufficient for i'm
tsrest purposes. while a tax Of 4 mills.
or 40 cents on the hundred dollars val
uation would be, o., 100, which would
furnish a handsome sinking fund for the
liquidation OF the principal.
Freedom townships debt. principal
and interest, is $4,000; nearly the ep-
tire amount being in judgments, SO it
may practically be counted in that way.
The terms offered the tow nship are, rs
cents tor bonds, and 80 cents for jadg.
ments. We shall. therefore, count the
entire SUN at so cents, which will re-
dQee the debt to $40, 600. Tue interest
upon this sum-. annually, at 6 per cent,
would DO, S2,4OO. The assessed valua-
ton OF the township is. Sl.o24,27s. A
tax levy OF 8 mills would give oyer
81, 900; a..ievy of 4 mills would give
a little over 81. ZOO, and furnish q sink
ing fund that would whittle down the
principal very rapidly.
DAVIS townships debt, principal aud
interest, is $40. 900, practically all 10 ]udg-
ments. At 80 cents on the dollar 1t will
amount to SIG. 200; the annual interest
charge on which would amount, at
6 per cent, to 1880. The assessed val
ution OF the township is, $849.377. A
levy OF 2 mills will yield 1888 per an
mum. and with due allowance for the
usual. delinqaencies will be enough to
pay the interest and furnish . small
sinking fund q levy OF 8, mills would
figure out. 81, 54S, would pay the inter-
est and c1tlnguish the principal In u few
years.
Middleton townships debt. principal
and interest, rs $4,000, about ali in
judgments. The offer made is 80 csnts,
which would reduce the debt 10 S27. 200.
The annual interest charge on this
amount would be.l$1. 632. The ASSESS
ed valuation OF the township is. $751;
1914. A tax levy of 2 mills. or 20 cents
on the hundred dollars. would figure out
81. 7O3; q levy Of 8 mills would amount
to 81 ,555, and would be ample Tor inter-
est and q sinking fund 10 pay the pr,u-
cipsl.
We have thus, in what we hope Is q
PLAIN and comprehensive manner,
shown what the debts will amount to in
each township, should they be comp.o-
missed. 1t may be. said that our esti-
mates Of levies are too small because it
will require nearly the entire amount In
one or Two cases, but it must o be lost
sight Of that the valuation of prop
erty 10 the county is certain to increase
very rapidly. especially II this much
vexed question is settled; and IN compu-
ting the real burden. upon the people 1t
should be borne in mind that the assess
ed value of property In the county is
less than o half OF It's real value.
We know that tho matter has been
! greatly magnl6ed by many persons.
principally from . lack OF familiarity
with the facts. We think that it wall be
easy to demonstrate that despite our
heavy burdens our taxes are as light a.
are those OF many OF our sister counties
which have little or 40 public debt.
Bewai!ing our misiOrtunes or abusing
their authors Will not remedy our troub.
les. They are upon us, and the ques.
ton is, how are We to get out of them {
All other plans lead to uncertainties,
this one promises US y speedy solution
Of difficulties, and we earnestly urge
every patriotic. conservative citizen 10
weigh the matter well before he com.
lnits himself against the settlement OF
Tered.
The st. Joseph Gazette sententious
ly observes:-'We earnestly trust tina
there IS about to be no unhappy. troub
lous, discerdant and disjolnted tim
among our esteemed republican triendI
who form the under dog in Missouri pol
tics. But it looks that way. So prom
lnent a leader Of republican policy ane
exponent OF republican principles as tn,
st. Joseph Herald has almost declared
open war upon Filley and the faithful
and there exists the brightest prospec
for a general scrimmsge. What is t,
become OF the burial Of the bourbons
, it this incipient unplsssantness be al
lowed to ripenp How long will tn