Emmons County record. [volume] (Williamsport, D.T. [i.e. N.D.]) 1884-current, 1919-05-08
Have Ysa Bsasht . Victory Bond7
OUR NEW SCHOOL BUILDING

Bowman. . progressive little city
in the extreme southwest corner Of
ths state; was mentioned in last
weeks article. Its grade enrolment,
We recall, was 1913, nearly q hundred
less than that Of Linton. Its total
enrolment, counting in their high
school students, was 258.
Bowman houses all its pupils in q
school building that cost the commun-
ity over $50, 900, built in 1917. Now
that same building would cost ap-
proximatel y$75,OO0.
A new building invariably causes
the. attendance to increase from Is
to 80 per cent As soon as our
building d rsady for use, the total
enrolment, about 800 now, will
quickly approach the 400 mark. II
we did not use the present building
for some lof the grades, we should
ave TO erect school house that
would cost close to 100000.
But TO come back to the Bowman
school. Who pays the sex, ,00O7
Below u the answer. Read It very
slowly. Note every step in the rea-
5soning. Don't miss word. When
you have read It, read It again.
First, let us suppose that the $780,
900 was raised by twenty-year bonds,
bearing four .psr cent interest.
Then. every year, there must be
laid away, for the purpose Of redeem
ing the bonds when they are due, the
sum Of $4,000.
And, every year, there must be
raised, for the purpose of paying the
interest on the bonds, thu additional
sum Of $2,40O. ].
F Therefore, to pay for a 100000
building in twenty years, the COM
munity Of Bowman must raise every
year, in addition to the usual running
expenses, the total sum Of $5,4O0. or
less, If you take into consideration
the interest which accrues from the
accumulating sinking fund.
Note carefully this amount: $5,400
is all Bowman has to raise by taxa
tion every year for twenty years to
pay for building that cost 100000.
All this time the building will be
used. Wouldn't it be worth that
much rent almost?
That isn't all. When we say that
81, 400 has to be raised by taxation
every year for twenty years, we
must bear in mind that the citizens
who voted for the erection Of the
building ara not .he ones who will
pay the bulk Of the 100000.
Who does pay?
Their children. The future tax
payers, those who will have enjoyed
the school facilities which their par
ents provided for them.
Some Of the pupils who are going
to school now will be out next year
already; others will follow every
year thereafter. In = comparatively
short time, these young men and
women will be the wage-earners and
business managers Of the community;
and their children will be attending
the school which their grandparent.
built and began TO pay for at The
reasonably low rate Of $5,l0Q . year
Applying al this now to Linton, q
community with . district valuation
Of over one million dollars, Jon car
safely vote in favor Of the erection
Of new building. The increase il
taxes viii be nothing compared with
hs service you will render your child
rem. Instead Of paying the cost i'm
mediately. you pay it in twenty in
stallments. or until your childrel
will take the obliration on youl
hands and eventually redeem th,
bonds. ~
Next week: A School That Meet,
Community Needs.
JOS. J. WEBER,
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