Amarillo daily news. [volume] (Amarillo, Tex.) 19??-current, 1921-01-30

win the Great War. feel that the
manner In which air taxes have al
vancct. even though they he levied
fur laudablc purposes. In the final out
cOIne. viii not he conducive 60 IN"
building uf more homes and since ,
have been asked To speak on this sub
jet ~ Home Building. will use
rome plain words which. although
they may not he altogether popular,
feel II my duty as n citizen 10 en
press
Amarillo today stands In this posi-
tloni
she has abnor,nsly high real esta's
values for both city and residence
property.
She has practically used her real
bonding capacity Ia It's limit and abe
has an inadequate water supply. ard
has high tax rat" taking into conHld'
GRAFTON tho basis 81 valuation.
These are plain facts and these are
questions that must be carefully
handled In order that We msy continue
10 enjoy the full benefit Of our rtrate'
gic position and our wonderful supply
nf natural gss. I ask you. II you were
contemplating an Industrial venture.
would YOU not weigh carefully before
entering community. the cost ~
building homes for your employees. the
rates of taxes and rent. the availability
~ the water supply. and the question
ns To whether OF not rour taxes would
w. reasonable on your plant Person
ally. while ] have no criticism 10 make
an anything that has b"cn done. feel
that vince this water question has
arisen. that II would be advisable and
right 10 put II a. the forefront and
not a. involve ourselves deeply In thu
expenditure ~ our bonding capacity.
but Co hold that back as far as possible
until We see plainly that our water
supply ls assured and provided for. il
may be n divergence from my subject.
hat ~ u all hinges On the welfare of
congratulated on his courage In stating
that he will not start the new buildings
until the bends have been sold nj par
M provided by charter which makes
then, invalid " sold for less. and feel
that he should ~ further than that
ana state that the law would be coln'
piled with IN every respect and that
The money viii lc placed In the treasury
from the proceeds Of the bonds befora
any contracts are made and that thu
plane ~ the buildings ic submitted 10
the attorney general. So that no ona
can attack the validity II same ar In
torrupi the progress ~ III" buildings,
when once they are started. as might
bc the cav n there was any question
IN the mind of anyone az Ia whether ~
M, the funds we're being used for tho
purpup for which they were voted.
which was Ter u municipal building, In
whlch u IL hoped can d" Included III"
coliseum and other generally desired
features Now Will" am on this sub
pct. I feel In order To- facilitate aud In
crease the huinc building In Amarillo,
Il IL time for us to stop and take stock
bcfOrr We step forward In any further
lond Issue- feel that the Coliseum
the board of Ci'y DEVELOPMENT. the
bands for the paving NJ the rosds IN III"
vicinity of cur town. the white way and
perhaps. To- smaller degree. the Coun
IS Hospital. might all Justly com" I'm
der the head ~ development az Advcr'
Using. rather than under the head ~
inprpV Ing thr city mud the furnishing
Il those things neCcnrsry tO make q
Sewn guod vl,cu a. live In. Let us
paw, moment aud see what these
AZ" CoriinK ~:
Assuming thrt upon thu taxpayers
living IN the city viii fill M pcr cent
~ the County road bpuds. Ne have:
~ ucr c"nt ~ 80. noo. which T. $500, 400
Municipal h'illding ............ 100000
County hospital .............. $4,000
-.
Making - total ol ....... 81 40, O9e
To take care of this u will DE- nec"s
sary. undoubtedly IT, pruyide ninkins
fund of not less than ~ per cent and
irtrr,-i ~ 3 per cent. or total of ! Il,
per cent. and think thai the most con
aarvatlvs viii concclc that. taking Into
consideration the usrse for which these
h,nd- are being expended that n main
tcn1nce fund " 3 per cent e. cover In
w,rancc. lights. water. incidental cN.
penss'. - well ~ maintenance, IL moi
! uuresr enable Thus We may figure that
THESE bonds viii cost the city approx.
Inately i2i .s per cent of the amount
! involved per annun. or total of
$3.50 OOo per annum. To this We would
add the COS, of tho new white way,