Fergus County argus. [volume] (Lewistown, Mont.) 1886-1946, 1906-03-27
LEWISTOWN. MONT March 81. 1870
is IT GOOD POLICY?

iNotioh -. oiit vi ottl ClilLtllS bIt l1lc
ACCESSIBILITY and necessity of bonding
the city in the sum of S35 .00O for a
gravity water system at this time
He strongly opposes the proposition
ana gives his reasons for so doing in
husinesslike manner. His commun-
ication should be read and carefully
considered by every taxpayer in the
city before election day.
Before giving any expression TO our
views on the proposition the opinion
OF number of our business men and
heavy taxpayers was sought through
the local columns of the Argus. The
sentiment seemd to be unanimous in
favor of the project if the expense
could be limited to $4,000. as made
in Mr.. Wasmansdorff' report to the
city council and the further contention
that the amount paid out in maintain
lne the pumping plant would be suffi-
Client to meet the interest on the new
bonds. 1t will be interesting to note
what Taxpayer" has to say on this
point. as well as to other financial
features of the proposition. Because
the constitution provides that munic-
ipaities may exceed the three per
cent limit in the matter of indebted
ness when it comes to providing water
and sewerage he does not think that
the provision should be taken advan-
tase of unless the necessity is urgent
which, he holds, does not exist. The
water supply is ample and wholesome
"TaXpayer' makes several strong
points which should be given careful
consideration. One is that heavy
bonded Indebtedness is not likely tc
attract the prospective investor on
homseeker, and that a tax of $33 30 on
the $1,000 should be "sufficient to sat
isfy the men who own their homes
ana the men who have business in
vestments in Lewistown.'
Another thing which TAXPAYER
calls attention to and which is of
vital importance to all of our citizens
is the fact that additional school ia
ci!ties will soon be needed and that
another building will be required with
i'll period of two years at the farth-
est,
According TO Taxpayers" showing,
the financial aspect of the city with
its bonded Indebtedness is such as
to cause anything but citation.
Tn, o1ncfnu To D,,t
that with $4,000 additional bonds is
sued the city will be bonded for three
per cent on So 1866 900. therefore, it
will be necessary for the city's asses
sed valuatinon to exceed this amount
before any other city Indebtedness
may be incurred for any other pur-
pose whatsoever, regardless of how
necessary and important it may be.
These are matters that should be
given careful thought Should Lewis
town forge ahead it might emerge
from the Indebtedness in good shape.
on the other hand should the city
have lull in its growth. and heavy
bonded Indebtedness is not going to
help much, the situation would be diff
ferent. AS the present assessed valu-
alton of the city is about $l,7o0,000 il
will be some time before the So, ,0ot
mark is reached, and the city free to
bend for other purposes, however
urgent.
The Argus mas no other desire than
TO promote the best interests of the
city on this question, which is of mo-
mentous Importance to taxpayers. II
is something that should be freely
discussed and viewed from every
standpoint and our columns are open
to those who have views to express on
the subject.