Fairhaven herald. [volume] (Fairhaven, Wash.) 1890-????, 1892-02-10

Continued From First Page)
figures have all been on basis q
SlS ,OOO,OOO, then cast a look over tn,
table above, observe the steady growth
IN values and then say that
am not very conservative II
place the value of the
county in 1897 at S30,OOO,O 900 and i'm
ieO2, 500 100000. Let us see what our
farmers would pay under these figures
TOT the hrst five years he would nav
9zo. IN 1897 he would pay As mills
or So.4O. In 1898 2 LILO mills. or 81. 20
IN 1899 7-l5 mills, about S7.25. In
1910 Z 40 mills, or $40. In 1901 3 Ola
mills, or about $40, making "A total for
the ten years Of $56.75. Assuming the
valuation of the county at that time TO
De 9oO,OOOOOO and fixing il at that rate
ior the ensuing five years we would
nave 95ZiUOO year to raise to nav
interest and create "A sinking fund. Let
US make even more liberal estimate
Tor repairs and call the total TO he
raised yearly $50, 600. This would
hecessltate tax levy of l mill, or So
year ON the farm, making SIS for the
i've years, or total outlay for fifteen
years OF 91l.75 for roads and bridges. /
cahuldly believe the valuation Of our
- ~ AtDt VIII llOL DC less IMAM
oloO,OOO, 900, but to be conservative LET
us put it at one-half that sum. For the
last nye years for which the bonds will
run we would be required to raise $50
wv, interest and sinking fund Let us
auu 70 TINS $4,000 year for repairs, in
All 9OO,OOO. The tax levy TO raise this /
amount would be twO-thirds of a mill /
or b68 cents on thousand dollars. Our .
FARMER friend would thus pay on his
tarm 81 year, a total for the five wears
OF $40, or grand total for the twenty
years OF SSl.75, or about half what the
same farmer paid during the past
twelve years. If the gentlemen named
VIII carefully look over the above [
trust they will in the future refrain
from stating that the bonds will in
crease taxation. Some persons living
IN the neighborhOOd have assduouslV
spread report that the commissioners
expect 10 get per cent. for handling
the bonds If voted. The law makes 7
any act of this nature on the part of an !
Oihcal crime and will impose a heavy
punishment for so doing. 9
Many persons in figuring the costs of {
the bonds delight to astonish their :
hearers by speaking of the enormous =
aggregate sum that will be paid: thus
w. L. {. Adams has a very interesting
article In late issue of the Alliance !;
journal in which the inference is =
drawn that the simple interest of the n
Donds VIII cost in twenty years $780, =
wv WhlIe IN TACT their total cost will be !.
only SlalOOO less than his figures -
Farmer Boy i'm the same issue. gives =
some peculiar figures from which I y
excerpt the following: ''Now we all ~
know that 100000 after passing u
through the mills and the tolls taken
theretrom" etc. All we can know. Mr.
Editor, of what anything will cost is
py past experience. In this light LET -,
Us view the above statement A few v
weeks ago the floating debt of this v
county, then drawing 10 per cent. was v
funded and 100000 worth sold at & n
per cent Instead Of there being a toll
taken thereiTom, we find that after all
expenses were paid premium of 81 900
ana over renamed. That is, instead of
loss TO the county we received i'm clear
cash S2O4, 900. If this is a fair criterion
we VIII receive, if the bonds are voted
the full amount called for and enough sst
more to pay the costs of the election ii
and of the blank bonds. He saws OF
iurtIeI: then comes our regular road of
luhd OIL ~ 900 year. which i'm twenty ic
years will amount to S42OOOOV | am &c
unable 10 see where our regular road 81.
fund comes in. / do not know of any mo
such fixed fund under the law. If a.
thele is such fund we will have il Ia -
pay even if the bonds are not voted. If su
there is not such fixed fund there ~
VIII be no necessity for it if the bonds WI
are voted. Perhaps if Farmer Bow tn
VIII carefully read the call for the foi
slecllon he viii lower his general esti- br,
mate very considerably. An
80 IN is Ind ia bouI gth,r IL. -. o.
lone so and are sorry for it, is another fro
lgument much used. / notice that h.,
nose who take that stand are very -
@relul not to name the county which -"
las ponded Tor wagon roads and claims Pe'
uch bonding has been am ipiurv mo
3onding for railroad | will admit is blll
y most cases an injury, but | would not
Ike to have an authentic account of In
ONE county which has tried wagon her
DAD bonds to its sorrow. Come. gen bee
lemen, II you have not Deen led away oh.
y your zeal IN this matter, name your ~
Qunty and produce your proofs. No, T n
heard so, or they say so, ~ will do.
believe with Harris. Black q Ieen. cas-
lg that the supreme court would I,ni5 side
ne proposed issue Of bonds legal and viii
and In late number of the Fair hap
aYen HERALD appears an article wei
atlng That some of the best LAWYERS i'm pull
-. iO Yuhn'y 10 not thlhk the cities boa
'ould be required to pay their pro Wit
TIA. Having this assurance from 20 ~"
ANY legal gentlemen, why does not asst
ne HERALD favor the rest Of us with a
lelr names, that we may all have ooa
nance to size them up. as il were and brol
determine what share Of their insnir- resu
.lon comes from the sordid selfishness tial
the corporations which are opposed pow
the proposed roads. in
CHARLES CLINE. RIOS
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