The Kadoka press and Kadoka reporter. [volume] (Kadoka, S.D.) 1910-1923, 1914-10-09
The Cost of Transcribing
The County Records

One of the questions which might
arise in the minds of the voters while
considering the matter of county di-
vision is that of the Indebtedness OF
Stanley county and what arrange
ment would be made for the payment
of this indebtedness by the three
counties after division. This matter
is provided for by law as shown in
Chapter 100. Session Laws of 1905,
providing for the division of Butte
county. Under the provisions of this
law the indebtedness of the county
would be prorated amongst the new
counties created by the success of
the division question, ana the re
sources and assets of the county would
counties. In taking up this matter
for consideration it might be well to
state right here that no matter wheth-
er the county is divided or not we
have TO pay this debt and the only
part of the matter that we have to
consider is whether or not the sue
make it easier to pay the indebted
ness.
To use figures in round numbers the
total warrant Indebtedness OF Stan
ley county at the present time is $780,
O00. .00-the exact figures being trifie
above this amount--and on this in
debtedness we are paying an interest
of seven per cent. This indebtness
would be prorated amongst the three
counties according to their assessed
valuation, and f1r the smaller amount
of indebtedness that each county
would have bonds could be issued and
solo and the warrants of each of the
counties be worth one hundred cents
on the dollar, instead of being dis
counted tao cents on the dollar as
they are when you take a Stanley
county warrant to to the bank to have
cashed. On this hundred thousand
dollar warrant Indebtedness that is
outstanding against Stanley county
we are paying seven per cent interest
which amounts to seven Thousand
dollars year that we have to pay
for the privilege of owing this a
mount of money.
With the county divided into three
smaller ones and this Indebtedness
divided amongst the three counties,
each of the counties would have a
much smaller Indebtedness and for
this indebtedness bonds ..oui1 he vot-
ed by each county and readily sold at
rate of interest not to exceed three
or four per cent-thus making a saw
ings in interest alone of from three to
four thousand dollars year These
bonts could be voted to run for per-
iod of twenty years-more or less az
desired by the voters of the counties,
and the sayings in interest between
what we are now raying on our war.
rant Indebtedness and what we would
pay on bonded debt would be very
nearly enough in the twenty years
time to pay the principal of the debt.
1t should, all the time be bcrne in
mind that no matter whether the
county is diyided or not that we have
to pay our share of this debt of Stan
ley county just the same, but don't
You thing Mr.. Voter, that with the
savings that would he made in the
county government of the three coun-
ties that it would be much easier for
us to pay our part of this debt az an
Individual county, instead of as a
part of the present unwieldly county
of Stanley. We believe that you will
agree with us that it would and that
your vote on November 3rd will be
cast in favor of Jackson and Haakon
counties-the proposition which means