The Vinita daily chieftain. [volume] (Vinita, Indian Territory [Okla.]) 1902-1913, 1909-01-29

September !, 1909.
EXPECTATIONS.
The location Of the Frisco division
headquarters has been an open question
for years. Although Vinita has always
been the logical place for such, and the
railroad employees are virtually unit
in favor Of this place, outside influences
have at times taken it to Alton, as at
present. 1t is confdentially believed
that with an eating house at this point,
together with the many other advan-
tages which are not overlooked by the
Frisco officials, it will be but short
time when the division headquarters
viii be permanently established in Vim
ita. This will materially assist in in
creasing the population Of Vinita and
greatly swell the monthly payroll.
a BUSINESS PROPOSITION
The purchase of the combined prop
erty is considered good business prop
osition for the following reasons:
It is necessary for the city to have
suitable place in which to transact its
usual business, which place the city
should own and not rent from indi-
viduals.
The property is conveniently located
and sufficient for the needs of the city
for many years to come, not only to
provide offices, but fire house as well.
The price at which this property can
be secured is not extravagant; on the
contrary it is less than at which any
other property as favorably located can
be bought
The purchase Of the public school
block was, at the time, thought to be
questionable investment. Time has
proven that it was most wise one.
Vinita has passed the experimental
stage and is daily proving the existence
Of increasing valuations. The value Of
this tract of ground will continue to
increase.
court and very poor accommodations
for the council and officers. It's tenn
porarily using the U. s. jall for the
city offenders but it will be only short
time when the city will have to take
care of its own. Even now, including the
rent for the fire department, the city
is paying $4,000 per annum in rentals,
which will continue to increase with
the growth of the town. The present
income from the Auditorium building,
is $23S0 per annum After arranging
for the council chamber, Offices for the
officers, and hold-over, there will yet
be space for rent that will still further
increase tie revenues from the build
ing. The immediate revenues from the
property, on the basis Of present con
i tracts, will be:
Rentals from present occupants, $2SSO
Saving of City rentals, 475
Total revenues, ....... 300
There is no question about this being
considerably increased as soon as the
unoccupied part of the Auditorium is
made available.
From the income, Of course, must be
deducted the interest on the bonds,
which win be $1680 per annum. 1t is a
reasonable estimate 70 say that the
difference between The income from
the building, including the saving Of
Arents to the city, will be sufficient, in
twenty years, to pay the bonds in full
at maturity.
Vinita's bonds are in active demand
two bidders already offering to take
them at log and accrued interest. This
means a premium Of $3.50 which will
be paid into the city treasury.
The beneficial effect upon the future
Of Vinita by this purchase should not
be overlooked. Not only will we have
city hall Of which we may feel proud,
but the commercial advantage promises
to be of no little Importance. The es-
tablishing Of division headquarters
means the locating Of several desirable
families; the stopping Of a considerable
number Of trains for at least twenty
minutes each trip; the increasing OF
pavrolls and the distribution of addi-
/, tional thousands of dollars each month
the continuous advertising Of Vinltai
and an impetus to its growth.
1t is hoped that each voter will con
J slider this question without prejudice
, from a Spurely business standpoint and
then vote for the good Of Vinita and ITS
upbuilding.
The Commercial Club,
w. b. CoLEY, President.
E. B. DAVIDSON Secretary.
War on Spectators.
7ha manaoers Of New York are waeine