East Oregonian : E.O. (Pendleton, OR) 1888-current, 1914-03-12

Either through ignorance or malice
a report is being circulated to the ef-
feet that if the
Won't Affect Taxes. $4,000 additi-
onal bond issue
is voted for the water system this
money will be raised by taxation and
will therefore increase the tax bur-
den.
This report is absolutely false and
should deceive no one. The bonds
will be met. not by money raised by
taxation, but out of the regular re.
ceipts of the water system. After the
$4,000 bond issue is voted the total
gravity water bonds will be $4,000
The interest on those bonds will am
cunt to $4,000 a year. Now the re-
ceipts from the water system at this
time amount to over $4,000 a year
Therefore with the new system in OPP
Grafton the receipts will be sufficient
TO meet the interest charges and leave
a balance Of not less than $4,000
year for operating charges and with
which to provide a sinking fund for
the bonds. This is good showing
as any businessman will realize and
there is not a public utility corpor-
alton anywhere that would not be
glad to own our water system even
with such an Indebtedness outstand-
ing against it.
Don't be deceived by stories thai
the additional bonds will increase tax
alton. The water bonds won't affect
taxes anymore than they will affect
dry farming operations on the moon.
The Portland Oregonian seems anxi-
Gus to have oregon sheepmen secure
just as little as possible
Entitled to for their wool in order
A Rest to vindicate partisan
predictions that the
sheep industry would be ruined in the
event Of tariff revision. Editorial
comment is made this morning on the
fact a Yakima sale was made at
half cent under last years price.
There is no occasion for such pes
simism as that and by such comments
the Portland paper plays into the
hands Of the buyers The only big
wool sale so far made in this section
was the sale Of the buck wool by the
Cunningham Sheep & Land Co. and Mr..
Burgess figures that he sold at an ad-
vance Of a cent over the price received
last year. There are other indications
OF "A strengthening market Local
woolgrowers are informed on the best
authority they have that under mar
ket conditions they should receive
more than they did last year and that
they were not given enough last year.
This information they have not from
democratic sources but from wool au-
thorities.
<Ab a iiidNNci Va AoSh Nii' "N6N1N" -
free wool has been used for several
seasons to scare growers into selling
wool as low as possible. They were
forced to sell last spring at prices
lower than a free wool basis and that
despite the fact the tariff was not re-
moved until September. Misinforma
ton from partisan sources had con.
siderable to do with the situation
The sheepman is now entitled to rest
from that stuff. He took his medicine
long ago. Why try to keep him sick
just TO vindicate an exaggerated po-
lucal prognostication?
>>>>s~>>>
No one can deny the need Of re-
assessment provision in the charter
II is needed for the
a Question of protection Of the city
Good Faith. against possible loss
and for the protec-
tion of contractors who may do work
for the city and then be denied pay
for the same because OF some techni-
cal fluke such as arose In the Johns
case. No objections can be made TO
rcassossment provision save on the