Little Falls transcript. [volume] (Little Falls, Morrison County, Minn.) 1876-1894, 1893-09-08

Falls as a city has been the cause
of the increase in the valuation
OF the surrounding territory and
there is no doubt that had Little
Falls remained in it's original tumbled
down condition the surrounding
country with few exceptions would
now be much less developed and con-
sequently bear less OF the taxation of
the county. There is not a question
of doubt that the development of
the Water Power at Little Falls has
directly and Indirectly added $500,
600 to the valuation of Morrison
county that could not have existed
such development. without. No
person who will make careful and
unbiased investigation will dispute
that. The county had a debt at the
time the Water Power bonds were
voted OF $41 900 and since had added
court house bonds $55, 1000 making a
total 100000 exclusive OF the Water
Power bonds the annual interest
paid on this $96, 900 Bonds is $780, 90
and the proportion5born by the $780,
900 increased valuation Of Little
Falls is $4,000 the total county
revenue levied for 1892 is $16, 1873. 0O
and the 100000 increased valuation
pays OF this sum $250O. 90 and on both
the sums $541O. 90 being $4,000 in ex-
cess of the Water Power bonds in.
terest of $3.50 per annum. We're
it not for this increased valuation
the same tax of $4,000 bonds with
revenue would be levied upon $685.
900 and the amount added to each
800 assessed valuation would be Is
cents the water power tax on
each 800 is cents and to follow the
matter out more in detail we will
illustrate by showing what the taxes
! would be on the S VIZ 17-4O-3O and
EH $4,000 value 1852 owned by
one of our respected citizens and
whom every body knows.
| He paid on the Water Power
bonds on the above land 80 cts. taxes
/ for 1892 and he paid on the other
bonded ndebtednessfor1 1892 $4.G7 and
$9. 20 OF county revenue tax. Ifthein.
creased valuation OF Little Falls
caused by the development Of the
Water Power had been taken. out he
would have paid county revenue on
the same land for 1892 $1O.92 and on
the sc, 900 bonded Indebtedness $40,
for the same year making Il total OF
f$15.62 His taxes We're reduced on
the land described by reason OF the
Increased valuation 81 20, and in
creased by reason of the Water
Power bonds 92cts making gain in
his favor Of $1.37, from a purely tax
alton question.
i make this one Illustration simply
to demonstrate. The same will be
true of any tract Of land in Morrison
county and all you have to do is to
go to the records of the county to
verify it. You must not confountlan
increased tax Of one year with an
other without.looking carefully into
the reason. II your taxes are in
creased this year above what they
were last You will not find the bonds
the cause. 1t will be either your
school or Your roads that lis the
cause or some local tax which hasno
lconnection with the bonds and which
would he still higher ii it were not
for the increased taxable property
added by improvements through
these bonds. The county has large
number OF roads to built and repair
/ ThecountrXsi s new and the work is ex.
1 1 pensiye and inmany places new schoo
/ houses are built In some localities
. taxes have been high on these ae
!: counts While Little Falls has paid
its proportion Of taxes for the I'm.
PRO ement Of road and the building
It,f bridges id every b irtsof the county
each yearit has not received aid with
the exception 81 some help for thu