The Breckenridge news. (Cloverport, Ky.) 1876-1955, 1899-05-10

giving also-if you wish-the amount
you pay railroad tax on.
And in order that you may vote under
standingly and advisedly we would sub
NIT the following facts with calculations
based on same. The amount of taxable
property in district including the railroad
is something more than 81, 100000; and
exclusive Of the railroad, is some more
than one million dollars. And there is
or will be next October, when another
levy will be made, $4,000 drawing in
terest at 6 per cent. The Sheriffs com
mission for collecting the tax is 10 per
cent for the first $4,000 and 4 per cent
for balance.
And as the railroad has this year re-
fused to pay railroad tax, we haYe made
calculations including and excluding it.
Including the railroad, levy of five
dollars on each one hundred dollars
worth of property, will pay it all off in
Guiding one wears interest on the debt
and sherifFs commission on the collec.
ton, amounting to about $4,000.
EXCLUSIVE Of railroads, levy of Sc on
each one hundred dollars, will pay it all
of, at cost Of about 100000.
The following calculations are made
not to include the railroad, which, OF
course, if included, would make either
the time or levy about one-sixth less.
A levy of SOC on the one hundred dol
lars will pay the entire debt, including
interest at per cent and cost OF collec-
ton in ten years at total cost of about
$50, 900 to the district.
A levy OF 500 will reduce the debt in
2 years to $1,000, and 55 cent levy will
then pay it the eight year at a cost Of
about $75, 500.
A SIPS levy will reduce the debt in 5
years to $1,000 and an 80 cent levy will
pay the balance the sixth year at a cost
to district OF $70,500.
Now we will intrude an humble opin-
ion of our own by saying we are in favor
of paying it in one year with five dol
lar levy, and compel the railroad to pay
her part.
1t seems to me that we should treat a
public debt OF this nature like a private
one and pay it as soon as possible, and
save 6 percent commission to the Sheriff
ON collection, with other expenses and
9 per cent interest.
Now, for example, if one pays taxes
on one thousand dollars, he owes the
bond holders $50 on interest at per
cent. Now should he have to borrow
the $50, which he can easily do on one
thousand dollars, and at the same inter
est he now pays; and If he has the mon
ey he can pay it and stop all expense
and interest, 80 every body would be
benefited and no body hurt or worsted.
So we hope the tax payers will first
consider this we'll from a personal stand
point only, don't vote for what you
think best for your neighbor, but what
you think best for yourself and let your
neighbor do his own voting.
We are persuaded that while per
cent Of your taxable property will pay
your part OF the railroad debt, that it
will increase the value of real estate the
day il is done at least 10 per cent. in the
district.
Now II you are not in favor of one
year vote for the time you do favor and
we believe the Fiscal court will be gov
erned by your votes II enoush of yOn
will vote. For they are all in favor Of
as far as they are individually concerned
paying 1t of at once, we will almost
be responsible for saying in one year,
bat since people are great things to kick
on all manner OF taxation and some
would prefer TO never pay any at all.
they hesitate TO make a heavy levy, so
come out and demand with your votes
that they make the levy and permit you
10 pay IL of and get rid OF IL aud We will
youch for them. They will gladly re-
spond. Send your cards to
Yours respectfully,
VS. Rail