Spirit of Jefferson. [volume] (Charles Town, Va. [W. Va.]) 1844-1948, 1910-11-01
The School Bond Issue.

hS iOiiOWihS aitiSlC, NulSu dpDCdIS
in the Farmers Advoc ate. so well covers
what should be said on the proposed
school bond issue that we give place to
it in lien of what we intended to say on
this subject, and hope our readers of
Charles Town district will read it care
fully:
The voters of Charles Town District
will vote at the election, Nov. s, on a
bond issue of So. 1000 for the purpose of
erecting a school builing ado quate to the
needs of the District on the old Academy
lot in Charles Town. The bonds are to
bear interest at the rate of five per cent,
and are to mature not earlier than ten
years, nor later than "a years; that is the
Board of Education may redeem them
at any time after ten years from their
date. and before the expiration of "a
years. all of them must be paid off.
For raising the money to pay the in.
terest on the bonds. and to provide a
sinking fund with which to retire them
the Board of Education proposes levy
of q IL cents on each hundred dollars of
property valuation in the district, and
this levy will also have to be voted on
In round figures, the property of Charles
Town District is valued, according to
the assessment of the current year, at
$5. 900. 900. A levy of I-2 cents per
hundred dollars on the above valuation
would yield the the sum of $3.50 per
year. Two-thirds of this revenue, or
$500 per year, would go to pay interest
on the bonds, while the remainder or
$3.50 would go into the sinking fund to
be used finally in retiring the bonds
Until needed for paying off the bonds,
the sinking fund would draw interest
thereby increasing its own value as time
passes
In considering the question of how to
vote on the bond ISSUE whether to vote
for it or against it, voters should bear in
mind that school building such as is
proposed is for the accommodation of
school children from all sections of the
District. The school will not be for the
use of Charles Town chidlsu alone. 1t
will be open for the attendance If school
boys and girls from Shenandoah Juno
ton. Mechanicstown, and Manning's.
Just as much as for the children of
Charles Town. Already there is good
ly number of children coming to school
in Charles Town from remote sections of
the District, and this number will be I'm
doubtedly largely increased when we
have improved facilities for accommodate
ing them in more convenient, more
school rooms The pro-
posed new school building then is to be
the property of the whole District. not
the property of part of it.
The first question the ipqnisitive tax
payer will probably ask, is a school
building such as is proposed in this boud
issue necessary" A candid taxpayer
would have to answer in the affirmative,
II HC uiSt dNQudiulSQ ullUSclI with the
facts in the premises. The only school
building now in use is mole than half |
mile from the centre of population f the
District. and within the corporate limits
OF Ransom. new town just Incorporated |
t. the north of the old town. Nine |
tenths of the school children have to |
cross the b. & o. Railroad tracks in 90
ing to it and coming away. The old
building is not only ill-adapted to school
purposes. having been erected for an
Office building. it is soon to become two
small for the accommodation of the chill
dren of town growing as Charles
Town is, with teaching force so efficient
as to attract every year an increasing
of pupils from the rural section
of the District.
Another consideration worthy of the !
thoughtful interest of the taxpavers IS
the character OF the men o. .ur District