The Mankato free press. [volume] (Mankato, Blue Earth County, Minn.) 1879-1924, 1918-09-20

be consulted about the new building
as they were obliged to live. there
most of the time She said that many
children had their only opportunity 70
learn refinement and cleanliness at
school and that the Union school Of
fered no such opportunities whatever.
Mr.. Duane here interposed the OBJ
lection that the board could not get
their money from the state for a year.
General Widell replied that as soon
as the bonds were voted any bank
would readily lend the money until it
was granted by the state. Evan
Hughes spoke briefly saying that he
at first opposed the plan until the
building was proven unsafe. He said
that now, however, he could not ask
any parent to sent their children to a
building that was unsafe.
Knit and Vote.
Mrs. B. f. Shook spoke in favor of
the bond issue. She said the women
should abandon their knitting for a
short time and get out to vote for the
welfare of the children.
Mr.. Reynolds was of the belief that
the women could knit and vote at the
same time.
Principal w. G. Bate spoke stating
that the Union building as well as
being unsafe was unsanitary and
poorly lighted. He said it violated
every rule of school architecture. AT
the close CT the meeting President
Jefferson thanked Mr. Duane for at
tending. He said he wished more OPP
posed to the measure were there
Evan Hughes stated every person
present consider themselves a com :
mittee of one to urge every voter TO
be out next Saturday.
Burden Will Not Be Heavy.
1t the new Union school bonds car
ny at Saturdays election. as seems
highly probable, the burden on the tax
payers will be very light. The plan
is to borrow the money from the state
at the low rate of four per cent inter-
est. The bonds will mature over a
term of years, and none of them will
come due until after the war has been
won and written down into history,
The terms of payment will be exceed
ingly easy, and they will be paid for
without the taxpayers knowing it.
There will be fifteen bonds, ten of S.
600 each and five of $4,000 each. The
$4,000 bonds Will be paid first, at the
rate of one year, beginning in 1924
After these have been all paid off, the
$4,000 bonds will be paid. at the
rate of one year. One mill lax levy
brings in more than $4,000 at pres :
cnt, and as tie city grows it will
bring in much more than that. So,
when the time comes to begin to
pay off the bonds, it will take a levy
of only fraction of a mill to do So
then about mill or very little more
will bring in enough money each year
to redeem these. Thus. it WI. De seen
that the bond issue will be paid off
without any burden on the people of
the district. Nobody will notice it,
any more than they realize now that
the high school bonds are oC.ng TAX
EN- up as fast as they fall due.
1t will be a year yet before the
state will have money in it's invest
ment fund to make this loan, as there
are so many other towns promised
loans ahead of Mankato, but there are
assurances that local banks or other
sources will supply the money need
ed to erect the new building until The
state has the money to turn over to
the district There will be no hitch
no stringency anywhere, and the
needs of the Union school children
will be met and they will not be put
to their present hardships.