The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1895-04-21
THE ISSUE STATED.
Why Voters Are Asked TO Rat
ify the School Debt.
HOW AND Why IT WAS INCURRED
W. III. White States the Situation q
the Voters - Increased Annual
Tax the Alternative.


red. explaining the merits OF the ques-
fion 20 be voted or next Saturday:
IT il pertinent auestton--R'liat - me
deaot 81 tlre dlssr3cf and how was Il con-
frars@Gs
''oB Nove-ns,er u. fsss. owing 70 the ne
ceest;y for additional sstl4ooi fac1lffies an
election was Aeld "a the dsgtrtsf 2 whirh
election by a vote % he p~opie. rs IN fav-
or and Is against nc dissr4ct was auth
orizef 70 fsorroH- siHa9 ard 70 Issue
Bonds rl1e-ef0F BY fgse authority - such
vote these t-onds were ISSUED hearing date
.faaua ~ I. iss9 payable twenty years af-
Ger GATE. with interest a. s pr cent. per
annuB
I'm 1901 . was again found that the IA
cszftieH for housing the children were sn-
adequate, and the directors ~ t7ae DIS
frie~ submitted 70 the people the question
whether fhe district sfIogffsi borrow 800
90 for the purpose ~ s5uilding ard pay
tu<- for new buildings * f4ris election
III votes were cast IN favor o. borrowing
she money. and four votes against the
proposition. The bonds ISSUED under the
authority Of this election amount 20 $50 =
Go payable twenty years after date and
Aesr 3 per cert. Interest. The limits 81
IRE city 81 Seattle we're subsequently en-
farged and TatGnA school district taken
IN a. part Of the Seattle school district
The debt o. the fatona school district
consisted ~ bonds amounting 20 ssfs1.
which upon The Incorporation - thar dis
sricf In tho Seattle scho0i district be
came arr obligation which 'he Seattle DIS
srscf was required 70 pay.
the Outstanding warrant tufeDt esiness
81 the district on March .. isa5. was $751;
az o. about 5000 Of this SUN bearing 10
per cent. interest. and tho remainder bear
ing per cent. interest There Is on hand
IN cash so. 0n0 which II available only un-
a a.
fafnre for the current expenses ~ the dis
frict. and for paving the interest on the
bonded debt. This sum s. now being
drawn upon 70 pay IN cash the teachers
salaries and the other expenses OF the
district, and with The taxes due on the
present levy II IL estimated viii he sur
fcIent 10 run the schools on q cash ha sis
until the taxes Of next year are due The
number ~ teachers in the district Is f42
and the monthly outlay for salaries. fuel
etc, Is about fi7r0 This does not in
c1inie the interest on the bonded fndesbt-
ednegs which must he also paid out of
cash on hand. The number of persons in
the district of school age Is over eGo: and
actually enrolled as scholars In the
SCHOOLS over 5000.
The amount Of delinquent. taxes due
the dis'ric. is something over $4,000
1.-THE valuation OF the taxable property
in the district In 1871 was 81 al 500. and
the limit OF the Indebtedness which the
district could contract az that tine with
out vote Of the people was sess.o0o.
I'm 1872 the valuation OF the property
IN the district was So. s.. 0s5. and the
amount OF the Indebtedness which the
district was authorized 20 contract with
ont the vote Of the people was 1861 $50
''fn 1sa3 the valuation OF the property IN
the dIst rict was s3s 23s e0s. and the amouna
of the drht which the district could con-
tract without vote or the people was
s5T5-2
'tfn 1894 the valuation OF the property IN
the distric was So. 20. il3. and the amount
Of the debt which the district was author
tied 20 contract without vote Of the peO-
pie was Si9i coo.
Tn 1872. on March s. the board OF a.
reetors Submitted the question % the peo-
pie Of the district whether they should
buy block 81 r TT Hanfords addition.
for si5o block ~ Bay View addition
for 5000: block Of Denny Thurman ad-
dltion for s. 10: lots one % to twelve C2l.
Inclusive block two f2l. Queen Anne Ser
ond addition. for sssn0: block Is. Pom
thus addition. for $4,000: block :. John J.
Ncfsilvras addition. for 81 0oo: block II
Eastern addition. for $1,000; and whether
they should erect a school building on
the last mentioned block FOR Si7eaO At
slsch election the people voted IN favor of
these propositions and directed by shelr
vote The directors 20 purchase the above
properties and build the above building
''fThe total amount of this expenditure
was tiI5Iao for which warrants were
drawn and this deast was incurred by a
direct vote uf tae people
The value OF the buildings belonging
60 the district ~ the present time. ~ q
low valuation. Is SIS. ga. and the value of
the land belonging - ehe district "a. a.
low vaiuaf ION SIT 0o This. with the
cash on hand. makes the assets ~ the f's.
fri~f S5s GO while the total debt Of the
district counting she interest 81 nc war
rant Indebtedness. IS about s7s6.nco. 81
that the liabilities and the assets OF the
district ara about equal
"Had the delinquent taxes hcen paid as
the hoard had a right 20 suppose they
would not have exceeded tho cauVftt-
tional limit OF Indebtedness over So 90
- a. all. Up tiii the last session OF the
legislature there was no law upon our
statute books. authorizing an election "a
he held. Eivng authority - contract a
debt IN excess ~ ne constitutional llui,
~ rs per cent. on s1lr VALVE of the tax.
able property fn tho tNstrlct When fhis
fimii was reached tfie board deemed -
wise 80 Stili eontintte thc schools ard "a
depend MON the legislature - supply she
needed legislation. and ghca - suhmH "a
the people the question 81 validating any
rer cent limit, There was also n oucS-
ssan whether or mo- the eeo0 ~ 3u ,ond~
should ~, ~ deducted Frywn that fl-,lif
y win - seen fror, the statements spA,ts.h
J save made - vow thai tho debt - thi.
disfr8.t was 0ot created without consult
inE ihe people t}v a siirr,e vote Slrl ~
~ thfa 8ess, was authorized The dlstrf-
has nnw eNcss.sfs3 So cen.s ifut'onal limit
~ Its per cent eetufirg fhe interest on
ana gae unraA warrsn MS. Hut eesiueiiue
cash on hangf ny aaopft tifa 80 basins
the valuation On sa7,s assessor returns fog
she wear fSas s.tt n Viii ~ Raca that shs
xahsatton ~ fhe 9rHFscrrN ~ fN> district
sas declined over ST Nlofssh stas,e ISL au1
thAt Wsslle the district vas authorized %
rosrfrscs a deet - ss'a ~ or therea h,.its
81 1927 and lSsa. Il 10 ntsN only author}xeH
- Contract teNt - slsa ~ and ~
sseast above thr So ver eefyr c,>uKtffutie~a 81
ifsnit - in reality U5u.-a less thar slet 49,
'~I'ae question really - he voss1 uror
~ tase renr'e az &c .,ot,tnE election 60
~ hela ca the eesh inst IS.
'Hacther fhev NfU validate and rastf,
sNis fni e,s,fe stwvss ans nct whether fhFy
shall fSsue bonds HNheueh - tAe rs,ouls
ratsfv thts iuSshgefaess Nv a tAFee- fiftA-
vcse thea undcr tAe Law she soaci ol
~4,7,>sf ZION without any eurf Ser vote NAV
issue bonds for the purpose ~ rsytrg ths
Warrant inslehttaess. art the fsgnas .roy
.he sale 81 thc same shall tle * luslve}S
annllesi Tor that purnoze ant na oeher
The a-snas 20 - sol1 AZ uss less thar
sA.ir par value. ants e, Ncar noc a rrrate'
rata ~ iuserest thaa per GENT. AMI lsn
sser the general law % the stase as c1Act
- -elat fve 20 similar BONDS. theN Wl} b.
snAae paysNie 81 laN'fm money 20 fas
Intvt States
Tee law provides fuTvheT thas % ga.
Warrant Indebtedness tSes' s&sA ~ ros cx
s'nxssSh s3 ~ tae fssssceets og hon3s ~ n,
she ex~aanxe ~ eegits for warrants s.
Hhsf~ pay value tNea teaf a special Sax 81