The Kimball graphic. (Kimball, Brule County, Dakota [S.D.]) 1883-1905, 1885-02-20
COUNTY R0Nns.
FIR om the Chamberlain Register.

- SAa snS AbSklSteTs
CHAMBERLAIN Feb. 9th, 1885.
Ed. REGIsxfR:| see that the matter of bond
j ,g our county for ten Thousand dollars for the
purpose of funding our Indebtedness is receiy-
ing considerable attention through tho press of
the county, and l nm pleased to see the question
| so thoroughly discussed. While it may be we'll
to give the people of the county an opportunity
to say whether they will have their indebtedness
In the form of a county warrant payable when
there is money in the treasury, or whether it
shall be in bonds which can only be paid at the
expiration of ten years. / think the opportunity
Will be rather an expensive one. The saving Of
one or VIC hundred dollars in interest is a small
item rs compared with the expense of holdir o
an election. But as the election has been cal ed
that expense will not now enter into the COZ sid
GRAFTON OF the subject. With the beginning of
this year our Indebtedness amounted to about
Sla,UH. VT this amount only such Warrants MS
have been presented for payment are drawing
interest at seven per cent. These warrants will
be paid in the order of registration as fast as
funds are selected, and with a tax levy for 1884
OF $1,000 besides the rail- Dad tax it would seem
that the present indebte dness might be wiped
out before the end of tn, present year. The same
per cont. of tx on the assessment of 1885 will
certainly amount to Sls,On, considering the
amount Of land decided and the amount of per-
sonal property import I'd since tho spring OF 1884.
One-half of this amount will be collected within
one year from this date, and with the careful
management which our county commissioners
ore disposed to give to the expenditure of public
money, l think this 3 1000 will pay all warrants
issued during 1855. If this be a fair estimate of
the expenses of the county for tho next wear.
then one year from this date the county treasurer
will be able to pay one hundred cents for every
dollar In county warrants presented for payment.
If the expenses arc gre, ter than this, then there
is still 5000 OF the taxes of 1885 to apply to their
payment There is now a bill in the legislature
providing that the liquor license fund shall be
applied to the general county f md instead of the
school fund, which if it becon o. a law. will be
a source OF considerable reveI .ue in this county.
All officers fees and court expenses are pre-
scribed by status and be Just the same whether
warrants are worth eight. five. ninety or one
hundred cents on the doll ar. If the county is
bonded then there will be an additional expense
of issuing and negotis ing the bonds. The
County Treasurer's com mission on the money
received for bonds will ~ four per cent, md he
can not afford to take t 10 responsibility of car
ing for and paying out this amount for less. The
bonds that will bs If sued will draw the same
interest payable amir ally as the county warrants
draw. so in that RESP ect there viii be no saving.
But on the contrary the bonds will draw this in
terest for ten years.. making an expense to the
tax payers of s7,U } and for what purpose? Simp-
ly to make the c ,unty warrants which will be
issued before the taxes of 1885 are
collected worth dollar for dollar. This can be
the only object for the county will save nothing
by cashing TIL, warrants which have already been
issued, and = hich are. for the most part in tho