Lincoln County leader. [volume] (Toledo, Lincoln County, Or.) 1893-1987, 1904-05-13
Clark as a Mathematician.

n Clark as a Mathematician.
Some Of our county emporaries are very
much disturbed because some people are auda-
cious enough to question the exact correctness
OF tho sarni-annual report of the county clerk.
Now there are none who believe that Mr.
wade would wilfuly certify falsehood.
| But thore are ways of presenting statements
! and figures that are misleading; and while
thcre may be no false entrys, there may be
omissions that amount to the withholding of
1.-THE whole truth.
Our attention has been called to some por-
zane rule does not apply to both liabilities
and resources. The total Indebtedness
don outstanding warrants is given at s5S,396;
against this the report CLAIM : as resource the
cash OH hand, 1925; uncollected taxes, 5000;
which taken from the total liabilities leaves
a$37, ,021. III finding the total of liabilities the
= estimated Interest on warrants was placed at
oI $3.50.
i n We wuIarst examine this item Of interest
h Tho average time limit OH our warrants is 3
years If this is Il correct assumption, and we
n think tits, then we are owing on accrued In
h terest $8779, instead of $43S9. Again, all the
/; resources OF the full year are taken into ac-
count, Including the unpaid taxes.
a., II that Is admissible, then all the expenses
v OF the year should be rcckoned as liabilities.
Y On, the basis of the first half of the year our
\. expense account for the year will amount to
y $72O0 To this should be added the expense
" account of March and April, S1669; and one
half Of the state tax which is unpaid, S336S;
p and the Interest on warrants for the next six
months, 1880; then, when all our resources
and expenses for the full year are accounted
: for, the balance will stand as follows:
Outstanding warrants, s53, 1896; interest, s11,-
a 959s state taxes unpaid, $685. estimate of
bcounty expenses for the balance of the year,
not enumerated in the report. $3.50; making a
total Of $77 592 less cash on hand, Sl1 1885, un-
a collected taxes, s5OOO leaving balance Of in
debtedness, s61,267.-Clark's Vim.
4 The above article appeared in last
N weeks issue of Vim and stamps the
editor rs a very able mathematician and
q calculator, and the superior of any OF
H the 35 clerks who issue semi-annual re-
1 ports In their respective counties.
NJ The LEADER is 10th to refer to any
n article emanating from one who is re.
n peatedly throwing slurs at our county
N officials and insinuating that they are
! xdishoneet. but who himself is not hon
II est enough to examine the records
However, in order to show up the child
ish and ridiculous statement made by
Mr.. Clark and rs-echoed by the New
y port What-ls-It, we present the record.
4 as they are and challenge any doubtin,
N taxpayer to call at the Clerks office ant
\ \investigate for himself.
, We first take up the subject of inter
eet, which is handled in such a fair ant
impartial manner by Mr.. Clark that i
becomes more Of mathematical puz
zle than "How Old is Ann?" He take
the AMOUNT of outstanding warrant
" and estimates the interest on the entir
amount for period of years at pc
cent. making the total interest $S,77e
instead Of $4,3S9, as given by Count
Clerk Wade, thus making in this on
item difference in the Indebtedness {
the county of $4,3S9. The amount {
outstanding warrants, as given by til
b County Clerk in the semi-annual +,
port Of March 81, 1904, was $4S,772. a.
Nv The time limit on Lincoln county va
rants is years, with range of from
RD years to weeks, and the average limit
l6 months. This is the method used h
h all clerks and auditors in estimatin
uy the interest on county indebtedness
llh and II Mr.. Clark will call at the Clerk
do office and examine the expert report
Meesrs. Wilson and Jones, fled Sci
tenber 16, 1901, he will find that the
in gentlemen used the average time linn
edo OF ~ years. If Mr.. Clark thinks
lb can estimate interest on warrants for
BY years that are not yet weeks old ar
decisive anyone, he is deceiving himsel
and would better place Vim under ne
management and take course at
mental culture school.
Mr.. Clark then proceeds in his ia
and Impartial manner with the subje
OF resources, and finds fault because Il
e report estimates as resource $4,000 u
sjt coilected taxes on the 1903 roll. No
", as q natter of fact, there was at Il
IN time . little over $500 remaining IL
p coilccted that would belong to u
county fund and be applicable to Il
ocv payment of principal and interest
county warrants. but the Conntv Cla