The Bozeman weekly chronicle. (Bozeman, Mont.) 1883-1889, 1886-04-28

eight thousand square miles, the surface
of the country is undulating, with many
large and fertile valleys. The Belt
range of the Rocky Mountains divides
the headwaters of the Missouri and fel-
lowstone rivers and creates two OF the
finest agricultural valleys in the Terri
tory yellowstone and Gallatin.) The
principal industries of Gallatin county
are Stock raising, Mining and Farming
In the south eastern part of the county
are located the Clark's Fork mines A
silver ore district of large area. In this
camp are over four hundred claims many
of which are very valuable properties.
On Emigrant and Mill creeks are also
located very valuable mines. Nearly
two-thlrds of all the small grains grown
in the Territory are raised in Gailatln
county. There is little if any waste land
in the county. That portion OF the Belt
range which is unsuited to stock raising,
being rich in coal aud iron. At Timber
line, twelve miles from the county seat
are located the most important coal
mines in the Territory employing up
wards of five hundred men.
The number of acres of improved agrl-
cultural land in use is l9S.628, assessed at
$685., O15.00 number of town lots 4S,Ol5
assessed at $3.50, 438. The rate of taxa
ton for 1885 was IA mills, the rate OF
taxation for 1856 is Is mills, of the above
tax five mills belongs to the county
Total assessment for the year 1885, S4,-
969, $1,000. The law provides that the
county lay aside as sinking fund, suffi-
Gent amount to meet the interest on
outstanding Bonds; interest payable
| sorai annually
Financial Condition of Gallatin County
on April 22d, 1885:
Amount of Bonds outstanding sos, 10000
Amount of warrants registered
March LIST 1996......... =. $37 ,302.OO
Amount of estimated interest
on Warrants registered......... 10000
Amount of warrants uncalled
for March LIST, 1SS6............- 100000
Amount of cash on hand Mar.
LIST, 1886. ......................... lO,S6S.37
Total indebtedness march LIST,
1886 ............................. 81 10000
Of this amount So, 800 in bonds is re-
deemable August LIST, 6......$33, 10000
Amount of Warrants to be
called in. ...................... 36,5OO.o0
Balance of bonds unredeemable 100000
Total bonded indebtedness will
be...................... .$85, 000,0
About one-half million dollars worth
of surveyed railroad land will be assess
able after said railroad acquire title from
the United States and about IT'S miles of
railroad track will be assessable.
The assessment for 1886 will exceed
five millions dollars, the five mills of
taxation coming directly to the county
amounts to $4,000 over six times the
amount when ought to be paid for in
terest.
The present indebtedness was created
by the expense incidental in erecting
County buildings and property the
present value of which is $53, 800, and by
the large criminal expenses of the county
courts during the time when the railroad
was building, A class of lawless char
acters following its construction. Since
that time, the criminal prosecution have
greatly fallen off in number and the
necessity of new buildings no longer
exists. Emigration is steadily pouring
in, development on mines reveals new
taxable wealth, and the growth of cities
and towns enhance taxable valuations.
The rate of interest hitherto paid to
home capitalists has been excessively
high and the refunding of Indebtedness
at a lower rate of interest cannot fail to
be of great pecuniary advantage to the
county.
As an Investment promising absolute
security, fair rate of interest, payable
semi-annually, and a sufficiently long
period of time for bonds to run to make
desirable investment, Gallatin county
securities deserve more than passing
notice. A close investigation of the
Countys resources will convince the
most skeptical person of the unques-
toned solidity of the investment.