The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1895-01-08
OBJECT TO DISCOUNT.
School Teachers Want Ont
standing Warrants Bonded.
sorH THEY AND THE CITY LOSE.
Nrssx Dsss - ssth Then asA the
Taxpsyess ~ Failure u Bead sas
OIa SchosI Debit

.savs ard nse2zxa q raszing money oa
essesr salary warrants and also 10 fssfr
90 rsrgrt of thu Warrant committee.
ess.ez<S.sg Of T,Tpt. c. A. Taybor. prsnciFal
az the South school prvf O. 81 JexseS,
prsacsrxal q the Denny sciNss. ard Prot
NJ. y. Gerard, principal o< the Has1sasr
school. rroG. Frank j. Barnard. ssirsrsss-
ecrs.lent % tie city seisocss. presided azssl
4 rxa<suffun carried u seszare tbs eCE1eesit
ct the voters 10 submit this question o.
harding fyr zach nm araount rs viii he
necessary 10 fund outssaEssIng warrants
ana asace the credit 81 the district ass =
frm basis. The ssaxAers believe that
t,o.,fssss< is the proper thing. a1d st the
rasse OF the frssesssrg each teacher was
provided with q copy q the following Pc
s4tssss,. which win he circulated for sig
natures and fssen be I.sss1sstsd 10 THO
school board tcn<arroS evening.
I'VE. the undersigned citizens OF Ssas-
lie, fully asareciailsg the difficulties ex-
perienesd In uzeetirg fiae expenses 81 the
District. In tho faces Of A Law that corTysels
Flle sppsicataon OF funds levied for cur
rent year'a expenses TO the payment OF
ssasrEnts Issued In the past. thus aaereas-
..:.:s~ the expenses by Increasing the inter
est. and desiring TO AID - decreasing sssca
unnecessary expenses as well as desiring
4sIxt warrants issued 10 employees shall be
worth face value. AMI not subject 20 DIS
count, do respectfully petition your hofs-
orable body to submit the question OF
osnding Tor ssaca4 an amount AZ viii be
necessary 10 fund outstanding warrants
edsl place the credit OF the district on q
arm basis
The ccmalsaon OF the debt OF the school
dsstrsrt has made buyers OF warrants wary
and the teachers. thus being unable I'D
dispose Of their papar a. a reasonable fig-
ure, have hit upon the bonding plan a. q
remedy for tho evil II is cited that Ta-
coma ssss1od warrants sell for per cent.
premium, county arxi state warrants sell
IL par. wsiie the SEATTLE school warrants,
fisoagh drawing the same rate Of interest.
are essrxs~et Of at s per cent discount In
4lnsexs past the teachers IN this city. deessr-
Ing To- get the best possible price for their
warrants. pias.ed the paper Ia the aaaTsls
or COMMITTEES for disposal 20 local buy
ens or Esssern parties. OF late the COM
nyfttas has only been able to gel IS cents
on the dollar and the meeting yesterday
WAS called at the instance OF the commits
tee for che purpose ~ sieyising ways and
means or protecting their salaries alsi
atso the credit .cf The district T.rcf. Tay-
lar. who Is chairman az the consuasttee,
essd last evening:
.sTlse school teachers have been suffer
fnx discount on their warrants for n
year and four months. the discounts be-
lng from 10 per cent. each month.
aggrugatang n total lnss among all the
81. Fec.
or from slooe to SEQ n year. AZ the
present ting the discount has been great
81 than ever before and there appalrs
ssEsse prospect OF an Improvement be-
cause % ffsa large amount % the fest
Arg debt in the form OF warrants. Tits,
~ can be saen b. any one. has baen-
working n great hardship upon the
teachers. Their salaries were resiueed
iass ycar between L I-s ard . per cent.
ard when they are compelled 10 suffer
an additional reduction on thcir war
rants being discounted. IL causes q hard
ship that IL hard to bear.
.sTile teachers have been selling their
warrants through causnitsee which has
been placing them In blocks. thus bidding
Ter "a high u figure as possible. The
committee has bern unable "a sell Of late.
however. The amount Of warrants now
outstanding IL SO large that investors
appear 10 be afraid or the paper and
wpn't buy. TIE teachers met at the
call % the COMMITTEES 10 consider The
matter. The committee stated that 1t
WAS unable 10 he cF any further service
su ssnsiing a saitahie market for the
warrants. or do anything TO their adj
vantage. and made n Recommendation
that had been suggested ao them by ono
ar two members or the beard of esiuca-
tian. witch was that the teachers cir
sutate q neta5sSS4 asking the board "a
submit fo the re<s'sS the question OF
vasang bensss The proposition Is 30 vote
eaoagh ssosads 81 fund n portion Of the
Warrant debt 10 hegsn tho year With,
whish. after April II, when All the taxes
for 1886 have been usei. win he aprrvaxs-
naatsiy. ssieeon.
after Aprii I. the warrants unpaid
Will aasaant 20 abani ssis.eDo The float
ing debt al the ehd OF the year will
arnosint - sssaut Ssee ass sy healsng this
debt az rer cent, a saving pf 3 per
cent can I've raaslc. or s. ees IN enc year
IL VIII also mean tho saving OF about
: per cent 10 tha district on $500 paid
cat fer sucifenials. supplies. fuel, isa.
prcvrpnesst ard repairs on buildings ard
grounds. etc, amounting ~ aloat ss.lssl.
n net saving 80 the district si enc year
OF sst.esa Il wossis naeau a further saw
sag TO the teachers fpagn discounts or
sf.o9a q year, Thus Il can be xeeu that
sy hssstfng the taN9& sevs wouit be tust
aa snGch hsSeHse,i as the teachers. Tire
total saving - sae d{a,rGct would be
81. ea TasSg @oal8 he \ larger saving
for the district than WAS mate BY the
sassTt cf esaSscatiea last spring whon II
nssite a aecF cat ia salaries. The eats
made thess were AZ follows, Snnsrin.
sssetcnt. ctse $50 rginelpal EiiGht x~hsog.
So SECRETARY. $50. principal 81 ,he
1srnny sefsoeA ss1ai pTss~,spal q re
teesys.rcosa buildings. SO each: other
rrsaelFals. so each, regular .eaeAsr..
sisa each taatsoF<. Slea each. The ~
ssuetsan fer iSss Will Re between rs ara
- rsr ceas. 7'sats was uosne Ia silence.
bnt wlssa shs teachers eeuta nps sell
their salary warrants at a i3xtng figure
they began making Inquiries as 20 the
test Way cs getting eeG eg the sfisnealty.
.sfne rTN,s.astsion 90 hanA merely deals
With the actual sseSs. simply changing
tss farfrA asssi does ssas erssN5e = aeu debt.
The district II paving rsy cent. interest
naw aaa hy essni3ssg shss wsl ls cas
siaNa - per cent, - saving of pee
eees. II us0tsld s.e impossible ~ ray sAas
debt hy SiiTvses TAXATION ananseSAistsls With
esss ssgtgzaSly asrnresgas The taxpayers
o. 1ntaF3Hs tie sshssssA TIRE ,sxsss now
Is s.sAs<s nseru shaa It would have hees.
Raj tae people Vetea she bends a year
~sA ssss iasegSst azakssx ,ha GIneressce
wttlasn tnat tsfne 4"
tsNf. 5sssipr ansl ether arseelpais az.
assssss TIE seses3aE YESTERDAY ara al.