Daily Arizona silver belt., 1908-11-19
SILVER BELT CRITICISED

SILVER BELT CRITICISED
 The friends of the proposed hfry- thousand dollar bond issue and the new high school building are accusing the Silver Belt of knocking on the enter- prise. They claim that the publication of the bonded indebtedness of the Globe school district with, the interest added in was an unwarranted slam and was given purely for the purpose of fright ening timid taxpayers.
 Far from it. The Silver Belt simply presented the district's financial condi- ton as 1t found 1t of record and for no other purpose than to bring out full and free discussion of the matter. Tho Silver Belt went stin further than this and stated fatly and frankly that if a high school building is really needed that the question should not be consid- cred from the standpoint of dollars and cents, further than to permit the neces- sity to govern the amount expended
 The Silver Belt is apparently wiser and if not twiser-considersbl broad er-than its critics. The display of figures presented is only startling to the casual observer and not to the man who thinks. If Globe was to remain a city of 10000 people and it's taxable values were permanently fixed there might be some hesitancy in increasing the school districts bonded indebtedness. As a matter of fact however under the con dition just outlined there should be mo- hesitancy in voting money for the edu- cation of the city's youth if there was absolute need of it. But Globe is not going to remain city of 10000 people. It will have population of 10000 on Jan. l. 1910, maybe more. When the present school bonds were issued real estate on Broad street was not worth to exceed $500 or $500 front foot. To- day it Is worth from $500 to s1, 900 and it will pay investors from ls to 25 per cent at the last named prices. Here IS the point VIC wish to make. For ev- cry dollars worth of taxable property We have today We will have two dollars worth in less than five years and the list of taxpayers will be doubled, whilo the rate of taxes, despite bond issues, and they ara bound to come thick and fast if we arc to have greater Globe, will be gradually diminished. It isn't hard to figure this out if you will stop to think moment.
 Globe is rapidly attaining the propor- tions of great city. A new school house year will perhaps be necessary for the next Ave or ten years. There are street improvements to be made, public service plants to be acquired or installed-and all of this will require bond issues galore, and then some more bonds, and then batch of refunding bonds. No city has been made without employing these tactics. The greatest cities in the United States today erected their superstructures on bonds. It is the only avenue open if you are really in earnest about building a city. We must build for posterity and we want posterity to come in for its share of the expense. An annual sinking fund of s4.. 750 will take care of the present bonded school indebtedness, and that will not hurt the heaviest taxpayer in the city.
 But that isn't the question. Does Globe really need high school building. or does tho city need moro grammar rooms7 How many high school students are there attending school at the pres ens time? If the people have proof that there is an actual present need for a $50,000 high school building, with its full corps of high priced teachers, the money will be forthcoming. Let those who have advocated this bond issue come through with the infcr- nation, and let them confne themselves to the real present demands. The i'm mediate necessities will be satisfed and Tho future demands met as rapidly as they mature if accompanied by com. prehensive bill of particulars.