The vidette. (Iuka, Tishomingo County, Miss.) 1912-1967, 1915-10-14

IenCe III the cost OF 1ucl dIOHe VIII
pay for difference in the cost of
the two furnaces.
There are those of the opposi-
ton who argue that the money to
be raised by this Bond issue will
be squandered. as they claim that
the money of former bond issues
have been. Without going into
the discussion as to whether pub
lie monies heretofore raised by
Bond issues have been properly
spent or not, / want to say that |
do not believe our presen
Board to be either incompetent
fools or rascals. And l do believe
that every dollar of this two
thousand will be properly spent to
properly heat the school house.
There are few opponentsSyof
this question, who argue that the
school house. could be heated very
much cheaper with stoves. This
shows at once that they are net
acquainted with the conditions ait
the school house. First, TIL
school building was not construot-
ed for stoves, and stoves could 1fot
be put in without great changes
and expense. 1t would take at
least ten large stoves to heat all
the rooms, and several janitors to
keep the stoves going, and an i'm
mensely greater amount of coal to
run them, and added to this would
be the dust, the smoke and the
confusion which makes it wholey
Iimpracticable and impossible. to
use stoves.
But the chief argument used
against putting in the new steam
furnace is that we do not want
any more Bonds issued, that we
are loaded down with Bonds now.
| Again let me ask you to let us
reason together carefully on this
proposition.
Here are the facts on our Bond
issues. This town has heretofore
issued $12, 000.00 worth of Bonds
for electric light, and the Public
park, commonly known as the
: Spring park. $S,000.00 of these
, bonds have already been paid and
So, 100000 have been refunded.
And each bond as it falls due is
: being paid promptly. We have
; issued SIS 100000 worth of school
house bonds and So, 500. 90 of wat
| er works bonds, making a total of
all bonds heretofore issued by the
town 500, 10000. AS stated above,
, S., 900. 90 of the first issue has
been paid, leaving $21, 10000 not
/ yet due. The town has as a
| sinking fund over s., OOO.0O at in
} terest now to meet these 20 year
bonds when they do fall due,
which makes our actual out stand
ing Indebtedness now unprovided
for SO, 10000. Putting our
, assessment of all property of the
5 town, real and personal, at $3.50,
10000 Git was more than that last
year, } and with proper valuation
, placed on all property in the town
t il would be $500, 10000 easily; we
/ lack now S5,000.00 of having
: bonds issued to the 7 per centuu
a allowed by law on this assessment.
: From these figures we can readily
see the town is not burdened with
| a bonded indebtedness as some
r gentlemen would have you believe
But the opposition cry, Taxes
j taxes, increase of taxation; JUS
e see what taxes we paid last year
s let's keep down the taxes by re
o fusing to issue this 81, 900 Bonds =
Now, again, let us examine care
t fully this cry and see what thi:
o 81, 100000 20 year Bond issue wi
: cost. How much will it add t.
r'four taxes? Those that have fig
4 ured carefully on it claim that a q
I mill levy will be ample on the pres
S. ent assessment to cover all interes
e and create sinking fund to full,
t meet the Bonds when they fall
e due. If this is true, and accord
S ing to my figures it will be am
d pie and more than enough,~ til,
!, writer's additional tax for thi
t purpose on this years assessmen
e of s., $4,000 will be sixty-thre,
= oa,,Ac NIox., a,arx, .,o4a. 49,. A I