Sequachee Valley news. (Sequachee [Sequatchie], Tenn.) 1896-1952, 1915-07-15
SLABS OUR pRoGREssIvENEss


OF course, the action of the county
court Monday in authorizing the issu-
ance of 800, 600 bonds, will be con-
demned by a great number who have,
! we believe, been deceived as to the in
tent and purpose of those who favored
and were responsible, to a great meas
ure, for the bond issue, by the rawlings
of mad editor of a non pi ogressfve
newspaper. South Pittsburg Hustler.
This is the first time the News has
been called "non- progressive. The
fact is we have been noted as very
progressive. This site we occupy III
Seouachee with buildings erected
thereon which was wild land mostly
when we took it, is evidence of our
progressiveness. But we worked, we
assure you, for what we have got, and
worked hard, sparing neither our
brain nor our back. Just at present,
however, we are slightly non progress
i've, for this reason.
About two years ago we installed
grist mill as a help to the place in
room built adjoining the News main
building and intended ultimately for
stock room. We have now on hand
metal shingles, STEEL and other mater
jal for a mill building which we in
tended to erect this fall for the accom-
mediation of this mill, separately. The
machinery in mill is taxed at half val
ne, about 5000, and at present tax
rate is So so tax. At $40 it viii be
81. so on machinery alone. We cannot
put up a concrete building 24x3O, 3
stories, as contemplated. for less than
5000. At half value the tax on this
building next year would be $6. To-
and total tax on half valuation would
be $11.25 In addition to this, value
of land on which building would be
located should be considered. 1t would
be set on two lots and hence at least
800 extra value should be set on
plant. At.half value for assessment
this would add $t.13 to tax making it
$12. SO. Now, we get over expenses an
average of ST. 90 per week from this
mill. We employ man to operate
it two days in week, and balance OF
time we wait on it ourselves Out of
this three dollars a week we pay taxes,
wear and tear, breakage, loss OF corn,
bad debts, ETC., hence our share is
largely cut down. If the tax for bonds
went to 50 40 per 800, as it probably
/ L,;u
$t4. 40 per year. Operating this 81
weeks at So 90 per week over wages
paid to miller. would give us $4,000,
provided there were no breaks or loss
es. Ten per cent. of 1856. 90 is $500,
which is only $t,20 less than tax
would be on same. That is on one
half valuation the tax gatherer would
get near 10 per cent. of the earnings.
1 There is no provision for insurance
and in case of fire the loss would be
total.
Can the Hustler see any reason for
our being progressive" under these
prospects2 Would they 60 ahead and
build this mill' And if we were to
put this money into the bank 1T would
be taxed as money, and, the amount
81, 300, drawing $4s.00 pei year at a
per cent, would be taxed at 30. 25 per
500, $25. 90, leaving us 1913. 90 for. our
share of the interest
Perhaps the Hustler man is so "pro-
gressive" that he can explain away all
GLoao An~oa Ho p,;obf adviSa ua IN
sell the mill This we are reluctant
to do, because-prior to its establish
ment here our people were using meal
that was black and unfit to eat, and
the operation of the mill here is q
public benefit. Then, too, if we wish.
ed to sell, who would buy under pend.
ing conditions Let some OF your pro-
gressiveness elucidate this
|