Oxford eagle. (Oxford, Lafayette Co., Miss.) 1876-current, 1912-06-20
WHERE ARE We ATT"

The corporation OF Oxford owes
S12O.0O bonded debt. Beat One
has voted a bond issue of at least
100000, possibly more, to build
and maintain the public roads of
this Beat. The Drainage District
will issue at least $50, 600 bond
issue. We noticed in the state
ments Of our local banks last fall
that these banks had loaned out
S6OO,OOO. Now with our last cot
ton crop, say we paid $500, 900 of
this bank debt of $500, 1000. this
would still leave a balance OF this
bank debt Of $500, 600. Now of
course these items Of debt are all
TOR different purposes, but never.
theless the people of the county
owe this enormous amount Of
money.
will say by way of depression.
II all the people are in the same
condition that | AN, | owe money
individually. But 60 back to the
original proposition, the above
items make a debt of $500. 900
that we owe, or the people of the
county owe. Take this debt nj
the low rate OF 6 per cent interest
and the interest alone per annum
Is $4,000, now to pay this inter-
est ana the current expenses OF
the county and also to take I'D a
part OF these bond issues each
year Is a proposition that is up to
the people. We had just a. well
IA g it now as later, because those
are indisputable facts. What is
the basis upon which We may rely
70 pay this enormous debt. upon
the products Of our farms alone?
what are the tendencies of all our
actions in public matters for the
last few years? II we continue
IN the future to be as reckless as
We nave in the past few years. |
am no prophet, butI will say that
IN less than Is years we will be
nothing more than renters. an
peal to the citizens of the county
to stop and think and see il thew
can tell where 1--WE are at"
The statement of these facts
are not intended to impede the
progress or the development OF
our county, but | think we had
better slow up a little, put on u
brakes, because we are near the
station where there is going 10 be-
a revolution. There is an impend
ing crisis just in front of US.
There is going to be a crash some
OF these days. Ring the bell.
stop and think. Now, any bust.
ness man knows that it is not the
amount OF money that We spend
as to whether we are extravaoant
or wasteful, but it is whether we
get value Received for every dol
lar that we do spend. Now those
TO whom We have turned over our
county pocket book, be careful
that you get value received for
every dollar OF our money. L, il
the peoples money, not yours.
Let US throw aside all our little
facuonal and political fights and
not look to the public officers for
sell aggrandizment and get down
to business.
Very truly yours,
For Business, Not Foolishness.
P. Snow if Beat Two. Three
Four and Five follow Beat One
with their bond issue of SlOO. 900
each or possibly more, then the
indebtedness of the county will be
over $780, 900. This is one.third
OF the assessed valuation of both
real and personal property of the
county. Beat One will have TO
pay taxes now in the ratio of 81.
Voo,oO debt on the county. Cit
zens wake up out of your july
nap and get up with your Nav
morning thoughts. Stop, Think.
Act, Where are We and Where
are We going? Yours.
F. B. n. Foolishness.