Missouri Valley times. [volume] (Missouri Valley, Iowa) 1874-1931, 1915-02-25
A Few Facts

|OOluS SAaSSSE0ISu lUSaS are
being circulated as to the ex-
act amount of increase in taxa
ton. should the voting of bonds
carry for our new high school
building. so we submit he TOD
lowing explanation:
The interest on the $780, 90
at 5 per cent for the first year
would amount to $4,000. The
a Sc sed vaiu alton of the dis
trict Is about $2,0OO,OOO. One
fourth of this would be $4,000,
the amount which is actually
taxed. To meet the payment
of the interest would require a
tax of 8 mills. If $4,000 worth
of the bonds were paid, annual
ly, this would mean 8 mills ad-
ditional. This means that the
man who has property worth
ST, 900, one fourth of which is
actually taxed, would have to
pay .016x250 or 81 90 per year.
We have figured this on the
basis of $1,000 so that any
property owner can easily COM
pute the amount of increased
taxation. The milIage tax to
meet the interest would be 8
mills only, the first year
and would become less and less
as the principal is paid. Ad-
uniting that taxes will be in
creased, can we afford to re-
lard educational progress? All
good things cost their full value
and money invested in educa-
ton brings the largest returns.
A modern up-to-date high
school building in Mo. Valley
will intensity the civic pride of
every citizen.
The economist Classics all
wealth into two classes, viz,
the material and the immateri-
al. Parents may leave their
children material wealth which
is a laudable ambition; but who
has not observed that the wheel
of fortune makes many capri
cious revolutions and wealth
may fly away like an eagle to-
ward heaven.
Would it not be more judi
cious for the parents to give
their children the best educa-
tional advantages possible, and
leave them legacy of imma-
terial wealth, the enrichment
f mind and the capacity to
earn a good honest living?
This is the best legacy which
we can bequeath to our Ameri-
can youth. 'The watchword Of
the age is progress" let us
catch the spirit and meet the
demands of the age by keeping
pece with other progressive
cities which are self imposing
saxes to give their children en-
'arged educational opporfuni-
ties Boost for our new high
school building and come out
next Monday and cast your
ballot for this much needed
civic improvement.
The high water near Love-
and is becoming quite destruct-
i've according to M. Mace. He
reports two steel bridges wash
ed out, one 4 miles southw, st
Of Loveland and another a mile
below the first one. Both brid-
ges are about 100 feet long and
cost in the neighborhood of
$4,000 One is now in the Mis-
souri, river and the other was
rescued about half a mile from
its original location The cold
weather of today will have a
tendency to retard the water
from above and give the pres
ent overflow a chance to run off.
M. O'Connor left for Nor
folk on Company business this
afternoon.
Almor Milliman, of Logan, is
the guest of friends here today.
Word was received here last
week Of the death Of Mrs. Oil
yer Hall at the home of her
mother in Fremont, Neb,
where she died February, l9sh,
of consumption. Her home is
in Indiana Harbor, but since
last fall she has been visiting
her mother and was unab e 10
leave t. ere.
Oliver Hall will be remem-
bered in Missouri Valley, as he
grew to manhood here end
worked in the shops for some
time, then he moved to Omaha
where he was employed by
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