New Ulm weekly review. [volume] (New Ulm, Minn.) 1878-1892, 1889-03-13

ator Bowen was asked if he would
allow the bill to pass, provided a pc
tition asking for its passage and signed
by twelve or fourteen hundred votes
of this county, would be presented.
He declined to do so because he
thought that the fairiest way would
be to allow the people to express their
opinion By ballot. Nearly all. if not
all of Sleepy Eye thought Mr.. Bow
ems stand the correct one. Now that
Mr.. Heideman applies the same princi-
pie to their measure they cannot find
words enough to abuse him. 1t seems
to make a heap of difference to them
whose OK is gored.
EDITOR REVIEW!
I see Veritas still hides behind an
assumed name. If his argument is SO
conclusive" I should suppose he
would want the public to know him.
If he knows anything about book-keep-
ing,I would like to ask him few ques-
tions. We will suppose he owns a
piece of ground with a store building
on it valued at $4,000, and he concludes
to build another alongside the one he
occupies and borrows $4,000, and gives
a mortgage on all his real estate to Sc
cure the same, is he going to charge
the interest he pays on this loan (say
$500 a yeaD to real estate account or
to expense or profit and loss? Accord
to his argument thus far he would
charge it to real estate account, we
viii suppose for 80 years he charges up
$500 annually to his real estate ac-
count, at the end Of this time real es-
tate account would stand charged with
$4,000. Now suppose he concludes
to sell out. and as real estate has not
appreciated in value any, he is obliged
to turn it in at $4,000. (Actual cost
He wants to balance his books. I am
rather inclined to think the $4,000 he
has paid out as interest on his loan and
charged to real estate account must be
credited back to his account and
charged to profit and loss where 1t
should hare beer charged IN the first
place. It is simple example in book.
keeping. and would like to have any
bookkeeper Cover his own name only
answer this question: 70 soAat account
Uould you charge interest paid on a
loan? think this is the only point in
question between Veritas and myself.
# he wants to make large figures why
does he not say, just look q. the cost of
this courthouse hundred gears hence,
it is fearful to think of the enormous
sum there will be invested in $50, 600
building. If he was inclined to be fair
in this matter, he would have given the
readers of the Herald my reasons for
saying that interest on the bonds have
nothing to do with the cash of the
courthouse, by quoting the following,
the interest on the Investment together
aOith the cost Of Insurance and repairs
are balanced by the use Of building.
He says 1 showed wrath ask anyone
to point out one word of venom. Z
started. out by saying that his article
was amusing. On the other hand just
watch the antics of Veritas. He tears
around, kicks over the traces, paws
the earth like mad bull, and Tin his
mind) picks me up, throws me into
the corner and says, there you stag
sohere I put you, then winds up the cir
Gus by saying: so much for MIR. Ross
of New Ulm.'' Well, now, he is
daisy to say the least. I do wish he
would come out from behind his high
toned name and allow US % take q
good square look at him, and see what
kind of bird he is. He evidently
does not know me to think can be so
easily disposed OF, He seems TO think
mud singing and calling man a
crank are convincing arguments. Pos
sibly they are, but I have a better
opinion of the voters of Brown County,
and believe they will go to the polls on
March 26th and decide that bookkeep-
ing Ia .'Veritas'' isn.g. BY giving a
large majority for the bonds.
c. II. Ross.
New Ulm, Mimi. March II, 1889.