Lincoln County leader. [volume] (Toledo, Lincoln County, Or.) 1893-1987, 1917-04-06
FACTS g. FIGURES CONCERN
ING IMPROVEMENT OF VA
QUlNA BAY HARBOR


Lincoln County, and the farmers OF
the Willamette Valley. 1t means ali
export harbor and the nearest outlet
to the middle Willamette Valley. 1t
means a harbor of refuge for coast
ing vessels. Just to start with it
means payroll of two hundred thous-
and dollars for four years during the
construction Of the jetties. 1t means
that practically all of this eight hun
dred thousand dollars will go to the
wage earners and to the farmers for
his produce. 1t means that the farm
ers and working menS can pay their
taxes. 1t means that Lincoln County
will have no delinquent tax rolls. 1t
means the development Of every por-
tion of Lincoln County. 1t means that
in a few years Lincoln County will
have good rock and plank roads lead
ing from all portions of the county to
trade centers. 1t means many cream
cries and cheese factories. 1t means
the building of many large sawmills,
logging roads, shipyards, and a hun
dred other new industries. It means
Yaquina Bay Harbor, the best natural
narbor on the Oregon coast after hav-
ing been neglected for twenty five
years by the government will be i'm
proved and freight rates will be equa-
lized and a great and growing COM
merce will have an outlet to the high
seas. 1t means a greater Lincoln
County and a greater, Oregon. 1t
means that our boys and girls will
have employment at home.
| If the election carries on the first
day of May Newport District accord
| ing to the assessment rolls of the
wear 1916, will have within it's boun-
daries more than four million dollars
assessable property, and Toledo Port
District will have the same amount
Two years hence the assessment
rolls will be increased by two million
dollars by reason of the fact that the
Indian lands in the Siletz Reservation
will be taxed, Fee simple patents is
suing to them in 1919. This property
Is about equally divided between New
port and Toledo Port Districts. There
fore In 1919 each Port District will
have an assessed valuation Of five mil
lien dollars. not including the in
crease of property by reason Of the
building of logging railroads and saw
mills that will be built during the next
two years, of the probable value OF
two million dollars as now contenr
plated by timber owners if the har-
Dor is improved.
To pay our portion four hundred
thousand, the amount necessary to
deepen the bar to a depth OF twenty
feet at lower low water according to
the plans and estimates of the Govern.
ment engineers, Toledo and Newport
Ports paving one hundred thousand
dollars year for four years and the
Government paying one hundred thous-
and dollars year for four years.
If the bonds run for twenty fiv-
years at 5 per cent on two hundred
thousand dollars Newports portion, 1t
will require an annual special tax
levy of two mills on the dollar on five
million dollars assessed valuation to
pay the annual interest on the bonds,
amounting to the sum OF ten thous-
and dollars. This would mean that II
person paid taxes on one thousand
dollars worth of properl., his special
tax for harbor Improvement would
amount to two dollars per year.
To redeem these bonds at the end
OF the twenty five years period, a.
additional levy Of one mill could be
made. commencing at the end OF the
first five years TO create a sinking
fund. II this additional one mill levy
is made. then after the first five years
the person paying on one thousand
dollars worth OF property would pay a
special tax Of three dollars for harbor
improvements, and at the end OF the
twenty five year period there would
be no Indebtedness on account OF the
improvement OF Yaquina Bay Harbcr.
This applies to Toledo Port District
also.
The increase OF the assessed val
uation OF the property in Lincoln
County by reason of the building Of
railroads, sawmills, and the many
other new industries that will follow
the improvement Of the harbor will
be at low estimate twenty five mil.
lion dollars.
It the SiletZ Bay is ever improved
II mst be done by cooperation. CO.
operation OF the whole people and the
government, The people in that
portion OF the county have not sur
nclent assessable property to pay foi
the deepening of their harbor, alone.
but by cooperating with the people OF
Newport Ports and voting themselves
into this Port, and by taxing ali the
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