The Washburn times. [volume] (Washburn, Wis.) 1896-1976, 1900-02-14
LESS THAN 20 PER CENT. is BID
Ihe County Fathers Finally Decide tC
rake Month to Consider the
Matter What the County is
Now Realizing.

| y
members were present except Frank
Drummond. The town of Drum
mond was represented by A. O
Blk, one of the board of supervisors
of the town. A resolution intro.
duced by Mr.. Sauve to allow the
sheriff sixty cents day for board of
prisoners, instead of forty-fye cents
was laid over till the next meeting.
The resolution provides that the
sixty cent rate apply from the time
the pay was reduced.
A number of applications from
different parties to buy lands held
by the county were received, and
were nearly all laid over.
There was good sized gathering
present, many of whom were inter
ested in one way or another in the
propositions for the purchase of the
tax certificates at less than their
face value. The board deferred ac-
ton on them to March 9th.
The proposition of the J. L. Gates
Land Company is to buy from the
county all it's tax deed lands; inclu0-
ing such lands as the county is
ready to take tax deeds upon at $40
per forty. This land they estimate
at about $4,000 acres. The Gates
company also propose to purchase
all legal tax certificates outside of
those covered by the above at fifty
cents on the dollar of their face
value, providing such taxes do not
aggregate for the three years more
than $40 per forty. They also make
the proposition to take the certifi-
Gates held by the county on village
lots at ten cents on the dollar of the
face value.
This proposition was outlined in
THE TIMES when it was first made
several weeks ago, but it appears
that Mr.. Gatee is not the only per-
who wishes to get great deal for a
very small sum, and at Thursdays
meeting there appeared two other
bidders, who were W. E. McCord
and Jackson Reuter-.
Mr.. McCord's proposition is sim
liar in many respects to Gates. He
proposes to pay fifty per cent of the
face value of all certificates and tax
deeds now held upon the government
fortles and lots, not to exceed $40 on
any one forty; this to include all
deeds and certificates. He also pro-
poses to pay twelve and a half per
cent OF the face value for all certifi-
Gates and deeds upon village or
townsite lots. The proposition
states that it is to embrace all
certificates and tax deeds from
1893 to 1899 inclusive.
Mr.. Reuters proposition is right
to the point, and he offers to pay a
straight twenty five per cent of the
face value Of all certificates Or deeds
on lands and lots.
Those who have figured out the
different propositions say that they
will figure from $14, 900 to $4,000
each, MIR. Gates being perhaps the
lowest and Mr.. Reuter- S the highest.
Gates proposition it is thought,
would figure out about ST., 900, but
the requirement that the county
furnish tax deeds on the lands
would involve an expenditure of per-
haps $4,000.
lnasmuch as there has been more
or less discussion regarding the pro-
roposed sale of these certificates and
deeds The TINES has taken the
pains to gather some facts in rela-
ton to the proposed transaction. 1t
appears that the numerous bidders
expect to pay from $4,000 to 49,
600 for between $75, 900 and $50, 900
Of certificates or less than twenty
cents on the dollar for the whole
bundle. AS an Illustration of what
certificates have been selling at we
gathered the following figures from
,He county treasurer's report for
the fiscal year ending October 31st,
1899.