The Grenada sentinel. [volume] (Grenada, Miss.) 1868-1955, 1915-03-26
CONDITION OF
COUNTY FINANCES.
Letter from Editor Sentinel
to Chancery Clerk King
Enables Sentinel to
Give Figures.

On March 9, the Editor of The Se,i-
tinel addressed the following queries to
Chancery Clerk King. Mr.. Kings
answers appear in quotations:
Mr.. Jno. S. King,
Chancery Clerk. Grenada Co.,
Grenada, Miss.
My Dear Sir:
A.. In order to place before the people of
this county an accurate statement of
the county's outstanding obligations,
bonds and warrants, would thank you
to answer the following:
/. (a) What is the bonded indebted
ness Of the county?
1nSsCer:
"s75, 200. co..
(b) When were the bonds issued and
for what purpose and when will they
mature? What interest do the bonds
bear?
AnsUer:
1.-The first issue of Bonds was for the
sum of $50, ,OOO 90 dated August l. 1901.
bearing interest at the rate of l.2 per
cent and mature August l. 1916 and
were issued for the purpose of building
Levee and Bridges in Dist. No. 4, which
is called the Old Levee, and has a sink
ing fund now of SIS, 100000 against said
bonds. The second issue of Bonds was
for the sum of $45, 900. 90 dated Septem-
ber lst, 1918, bearing interest at the
rate of per cent and mature Septem-
ber lst, 1888, and were issued for the
purpose of constructing new levee in
Dists. No. 3 and and purchasing and
erecting steel bridges in the county.
SIS, 200 was issued for Levee pur-
poses and $50, 900. 90 for Steel bridges. "
2. What amount of County Warrants
are outstanding? Of the warrants out
standing, out of what funds or fund are
they payable?
AnSUer:
"The amount of warrants outstanding
on January lst, was the sum of SIC,
1853. 81 of which sum 81, 320. 90 was for
steel bridges erected and paid in 1914,
out of the General Fund.
3. (a) What was the expenditure on
the public roads of the county, includ-
ing lumber for bridges, last year?
Ans,rer::
''The expenditure for Public Roads
and Bridges for the year 1914, was the
sum of $33, 1883, which includes al
amounts paid the Road Contractors,
Lumber, Bridges and extra services,
also amounts expended to complete the
new levee in District No. 3.
(b) What was the advalorem roac
tax last year and what was the amount
of the direct road tax?
Ans,oer:
"$l5, 1901"
4. How much of the advalOrem tax
of mills was paid by the city of Gre
NADIA?
Anssrer:
"$2, 1868"
Naturally every thoughtful taxpayer
is interested in these matters and l an
sure that you appreciate the fact thai
the acute financial situation which
has been precipitated on account OF tht
European war, brings the matter OF
taxes home to all of US with unusua
force.
The last paragraph of Chancery Clerl
Kings letter reads as follows: The
amount spent for Steel bridges in Gre
NADIA County in the last two year.
amounts to $42, 905. 90 as per estimat.
of j. H. Dorroh, civil engineer, which
has been published in your paper, show
ing that the county has spent for per
manent improvements Sl2,9 5.OO more
than the bond issue for this purpose
The county has within its borders stee
bridges at their cost today more thai
the total bonded indebtedness of tn
county. Also there are no outstandIn,
warrants against the new levee in Dists
and 4, and taking all things into con
sideration | think the county in goo'
condition.