The daily star-mirror. (Moscow, Idaho) 1911-1939, 1912-07-25
GIVE FIGURES ON
COURT HOUSE BONDS

In order that every taxpayers of the
county might get an exact idea OF
how much it will cost him if the bonds
for the court house carry, ]. w
Lieuallen wrote to Homer e. Estes,
county auditor, asking him what it
would cost ON each $1,000 of the as
sessed valuation within the county
The reply of Mr. Estes follows:
Moscow, Idaho, July %, 1912.
j. w. Lieuallen, Esq.
Dear Sir: Replying to your in
quiries of this date relative to the fin
ancial condition of Latah county at
the beginning of the present fiscal
year, the assessed valuation of the
county last year, and the amount each
$1,000 valuation would have to pay to
meet an annual interest charge of Az
per cent on the proposed 100000
bond issue to build new court house,
| have the honor to state:
My annual report on the second
Monday of April this year, shows that
Latah county was out of debt and does
not owe any bonded or warrant in
debtedness.
The assessed valuation of Latah
county last year, as fixed by the state
board of equalization, was SIT, ,532 1852
The interest on a bond issue-of $780,
900 at the rate of 4 u per cent would
amount to $4,000, and to get the
amount per year that each $1,000
would have to pay, based on last years
valuation, we divide $4,000 by ST.
532,352 and then multiply the result
by $1,000, and the result will be
25.12-17 cents on each one thousand
dollars valuation. In other words,
a taxpayer whose valuation was $1,000,
would have little less than 26 cents
per year to pay, and if his valuation
was $4,000 he would have between 81
and SO cents to pay, and so on, ac-
cording to mis- assessed valuation.
Hoping | have properly answered
your inquiries, / am, your truly,
HOMER E. ESTES,
County Auditor.
The Citizens Investigation commit
tee, following this letter from Mr..
Estes, have figured out the exact
amount that each taxpayer viii have
to pay in the event the bonds carry
The following letter to Emma Ros-
nagle, wife of Charles Rosnagle, of
Moscow, is a duplicate of the one
mailed to that address. and is fully
self explanatory:
Moscow, Idaho, July 23, 1912.
Emma Rosnagle, wife of Chas. Ros-
nagle, Moscow, Idaho.
Dear Sir: Herewith we are hand
ing you a copy of letter written Of
ficially by the county auditor to J. w.
Lieuallen relative to the proposed
new court house and the financial con-
dition of Latah county, which explains
itself.
In addition to this official informa-
lion we have taken the time and labor to
make some investigation from the rec
ores of Latah county and we are sub
hitting some of these facts to your
good Judgment as an honorable cit
izen of the county, hoping thereby
to briefly explain why, in our judg
ment, you should vote for the propos
ed new court house on Tuesday, July
30, whether you wish to take part in
The primaries that day or not.
Your assessed valuation last year, |
aiken from the county assessment /
-olls, was $2,000.00 If the bonds for |
he new court house carry, you will !
nave to pay about 26 cents per thou
sand dollar valuation annually to pay
he interest on the bonds, which in
your case would have amounted to |
,nly 81 cents; which valuation was the |
highest last year it has ever been.
Reasons for Voting for New Court
House.
1ct The old cOurt hOuSe was huilt |
a years ago with but one small vault
n the entire building and which is not
low fire-proof besides being too small
or one office.
End The old building is cracked