The Evening statesman. [volume] (Walla Walla, Wash.) 1903-1910, 1908-07-20

I Iotal $1O2, 10000
Eighth.-The present assessed values
Of Walla Walla real estate is S21.O29.-
964 which is really 40 per cent of the
cash value; the cash value therefore
would be $52,474,91OOO The total as
sessed value of the city of Walla Walla
is at present $6,s21,932.OO, which is
estimated to be 40 per cent of the cash
value. Or the total actual value would
be $17,054,S3O, leaving the total value
of the county real estate outside of the
city of Walla Walla at $35,42O,OSO. AL
lowing that the new Whitman college
would increase the real estate value in
the city of 10 per cent-say that a lot
which was worth $1,000 now would he
worth $11OO in 1918, would be- g. 1os,-
4S3OO
Allowing that the new Whitman Cot
lege would increase the value of real
estate in the county outside of Walla
Walla 1 per cent, which gives US,
1854 200.
Ninth-It will thus appear that the
city of Walla Walla will gain in ac..
tual cash placed in circulation in ten
years, s1O,O5O,4S5
Money in Circulation.
The above amount does not take into
consideration the saving to the citt-
zens Of Walla Walla who have chill
dren to educate, and who, if this In
stitution is not established, would be
compelled to spend at least s4O0 a year
more to educate their children. This
in itself would amount in ten year,,
allowing that there were an average of
so students away each year, to $780,
900. Nor does it take into considera-
into circulation in the city of Walla
Walla by those people who would move
to the city and purchase property or
build homes in order to educate their
children here. This might easily be
reckoned in the millions
If we divide this amount into ten
equal installments, it will give to the
city of Walla Walla, money in circula-
ton each year for the next ten years,
$1,500,G4S. Granting that the mer-
chants of this city receive 20 per cent
profit upon their sales, from the money
to be in circulation the actual net
value in cash to the people of Walla
Walla per year, would be $210,009. We
are asking the people of Walla Walla
and county for 100000. Is our re-
quest exorbitant? Should not the peo-
pie of Walla Walla and Walla Waila
county be glad to give this amount?
Walla Walla is asked to raise $780,
600 in order that this return may be
hers Is not every citizen of the city
and county interested in this plan?
is not every one WHO pOSSCSScS dHy
real estate, either in the city or in the
county, advantaged by the possession
of this institution?
What Has Been Done.
1t seems to US that it should not
take "A hours for the citizens of Wallal
Walla city and county a total Of $64.-
1888. The following gentlemen have
thus far subscribed to the fund:
Miles C. Moore, w. w. Baker, Gill
bert Hunt, S. B. L. Penrose, Oscar
Drumheller, E. A. Reser, H. B. Strong,
H. F. Turner. Marvin Evans, Ben c.
Holt. A. K Dice, F. w. Rees, j. =.
Scott, G. H. Sutherland, ]. w. Lang
don. Hanger & Thompson, n. G. Bla-
lock. M. Toner, F. w. Kaser, Geo.
Drumheller, ]. M. Crawford, b. +.
culp. w. p. Winans, j. E. Ransom,
r 8 Dement,, L. F. Anderson. r. H
Johnson. N. F. Butler, E. l. Smailey,I
r. w whitehouse, w. S. Offner, Eu-
gene Tausick, w H. Yenney, j. Al
Mclean.
No subscription has been underI
.,ooo and none over $4,000. There
+-o suhscriptions at $4,000 and