Image provided by: University of Oregon Libraries; Eugene, OR
About The Ontario Argus. (Ontario, Or.) 1???-1947 | View Entire Issue (April 29, 1920)
THE ONTARIO ARGUS. ONTARIO, OREGON, THURSDAY, APML 29, 1920. swxtvta Rexall Remedies Eastman Kodaks ONTARIO PHARMACY Prescription Specialists THIS HK.VAI.1i HTOHIi I'HONH NO. U Nyal Remedies Lia U. J1U.IAH mm .. ! 5 8 Exchange Your Liberty Bonds The gnvormncni has inforfneri us Hint it will ' roiiinH'iK'o fxclimipng pennunont Liberty Loan Montis Inr llu' Temporary liiherty ijmii Jioiid.s on May 1st. Wo will exchange all bonds for which we have issued' our safe-keeping receipts but those bonds which are in private safety deposit boxes should be turned over to us for exchange. All Sec ond Liberty Loan Bonds should be turned over to us not llcr than iMay 10th. The permanent Liberty Loan Bonds will have all interest coupons attached to the date of the maturity of the bond. We will make no charge for this service. ffll Save Money on Tires! now Woaro CLOSING OUT our stock of FEDERAL CABLE BASE TIRES at a saving to you of 20 to 25 on present prices. ' Have the foiling sizes loft 30x3 Plain Trend 35x4 Rugged Trend 30x5 Rugged Tread 32 1-2 Rugged Troad 32x4 Rugged Tread 31x4 Traffic Tread 34x4 Rugged Tread 32x3 1-2 Plain Tread lubes at the samo reduction. Now is your chance to save money on tires. They are steadily advancing. Now is the time to buy. McNULTY & CO. PRESENT AUTO AND GAS FEES WILL PAY INTEREST AND PRINCIPAL OF $40,000,000 ROAD BONDS Approximately $40,000,000 of state road bonds can be Issued under a 4 limitation on the present assessed valuation of the state, including bonds already issued. The constitutiowil amendment to be voted upon at the May 21 election provides for this limitation. Interest and principal of the entire $40,000,000 of bonds can be paid from revenues from auto license fees and gasoline tax, based on conservative estimates of that income. Following is an official estimate of the income to the State Highway Fund from auto license fees and gasoline tax, compared with interest and principal requirements for the entire $40,000,000 of state road bonds. This table hasbcen audited and certified by Whitfield, Whitcomb & Co., certified public accountants, whose attestation is subscribed below. It verifies the claim made that voting for the 4 state road bond limitation will not involve any tax on property, as principal and interest will be paid from the auto license fees and, the gas lax, leaving an actual surplus above the amount required. f omctALTADir Statement of Kstlmilcd Income (0 State Highway Fund Compared With Interest and Principal llequlrements to Carry $40,000,000 Hands. tatlmsttd Nuratxr Yttr of Motor Vehicles 1920. .105,000 1921.. 125,000 1922. 141,000 1 92J.. 151,000 1924.. 170,000 1925.. 110,000 1926. .115,000 1927.. 190,000 1921.. 195,000 1929. 200,000 1910. .200,000 1911. .200,000 1912.. 200,000 1 911.. 200,000 1914. 200,000 1915.. 200,000 1916.. 200,000 1917.. 200,000 1911.. 200,000 1919.. 200,000 1 940.. 200,000 1 94 1.. 200,000 1942.. 200,000 1 941.. 200,000 1944.. 200,000 1 94 5.. 200,000 1944.. 200,000 1947.. 200,000 1941.. 200,000 1949.. 200,000 Motor Vehicle License 1 tf 1 Net Income to blitclliihwijr ruaa $1,575,000.00 1,175,000.00 2,145,000.00 2,170,000.00 2,550,000.00 2,700,000.00 2,775,000.00 2,150,000.00 2,925,000.00 1,000,000.01 1,000,000.00 1,000,000.00 1,000,000.00 1,000,000.00 1,000,000.00 1,000,000,00 1,000,000.00 1,000,000.00 1,000,000.00 1,000,000.00. 1,000,000.00 1,000,000.00 1,000,000.00 1,000,000.00 1,000,000.00 1,000,000.00 1,000,000.00 1,000,000.00 1,000,000.00 1,000,000.00 riuollneTix Net Income to Sine llihir tund ' I 525,000.00 625,000.00 715,000.00 790,000.00 150,000.00 900,000.00 925,000.00 950,000.00 975,000.00 1,000,000.00 1,000,000.00 1,000,000.00 1,000,00000 1,000,000.00 1,000,000.00 1,000,000.00 1,000,000.00 1,000,000.00 1,000,000.00 1,000,000.00 1,000,000.00 1,000,000.00 1,000,000.00 1,000,000.00 1,000,000.00 1,000,000.00 ',500,00000 1,000,000.00 1,000,000.00 1,000,000 00 Total Amount Eatlmaleil Income to Sutelllibwijr Fund $2,100,000.00 2,500,000.00 2,160,000.00 1,160,000.00 1,400,000.00 1,600,000.00 1,700,000.00 1,100,000.00 1,900,000.00 4,000,000.00 4,000,000.01 4,000,000.00 4,000,000.00 4,000,000.00 4,000,000.00 4,000,000.00 4,000,000.00 4,000,000.00 4,000,000.00 4,000,000.00 4.000.000.0C 4,000,000.00 4,000,000.00 4,000,000.00 4,000,000X1 4,000,000.00 4,000,000.00 4,000,000.00 4,000,000.00 4,000,000.00 Interest end Principal Requirement! for S40.000.000 llondi $ 494,150.00 1,041,250.00 1,191,250.00 1,679,750.00 2,007,140.00 2,677,617.50 2,957,167.50 1,149,180.00 1,129,742.50 1,429,05.'.00 3,196,84.1.50 1,108,192.50 1,219,942.50 1,111,492.50 1,041,042.50 2,954,592.50 2,866,142.50 2,777,692.50 2,689,242.50 2,600,792.50 2,412,142.50 2,127,892.50 2,218,442.50 2,068,492.50 1,845,952.50 1,161,475.00 791,275.00 511,012.50 244,000.00 56,217.50 Surplus Re- milnlnf Alter Payment o( Interest and Principal $1,605,150.00 1,456,750.00 1,466,750.00 1,480,250.00 1,192,660.00 922,182.50 742,612.50 650,820.00 570,257,50 570,945.00 601,157.50 '691,607.50 780,057.50 868,507.50 956,957.50 1,045,407.50 1,111,857.50 1,222,107.50 1,110,757.50 1,199,207.50 1,587,657.50 1,672,107.50 1,781,557.50 1,911,507.50 2,154,047.50 2,818,525.00 1,206,725.00 1,486,987.50 1,756,000.00 1,941,762.50 orricuL ExruNATioN or tablk Column 1 represents the net Income to the Stale Hlctmiv Fund from piotor vehicle llctnie feci (Chap. 199, 1 am 1919). The 1920 rtj;litriilon fiRurei to dale obtained from the Secretary of State' oflice Indicate an average llcenie fee of twenty dollar ($20.00) P vehicle. The law provides that twenty-five per cent be returned to the county from which the vehicle Ii registered, therefore the net Income per vehicle to the Stale Highway Tund Ii approximately fifteen dollar! ($15.00) per car which Is the figure used In com puting Column 1. The administration expense of the motor vehicle law will be met from the receipt from motorcycle licenses, chauffers' badges, transfers, etc. Column 4 represent the income from the Gasoline Tax (Chap. 159, Law 1919) to the Stale Highway Fund. Figure obtained from the Secretary of Stale' office indicate the average tax per vehicle In 1919. was approximately five dollar ($5.00) and I Ml figure ha been used In computing Column 4. Column 5 I the total amount of the motor vehicle license feet and the gasoline tax based on the estimated number of vehicle a hown In Column 2. Column 6 is the amount required each year to pay off the Interest and principal at ma. lurlty of State Highway bonds up to an estimated amount of $40,000,000 (the approxi mate amount which could be Issutd with a 4 per cent limit on the present assessed valua tion of the .late. These figures are based on these premises: That the balance of the Six Million Dollar llohds (Chap. 421, Law 1917), the State Co-operative Ilond $1,800,000 iDcan-iiarreu, tnap. i, Laws mzj, and the I en Million Uollar lionil (Chap. 171. taw 1919), now unsold will be sold during the )ear 1920. Alio that further bonds will be sold as follow; 1920, $5,000,000; 1921, $5,000,000; 1922, $5,000,000; 1921, $5,000,000; 1924; $2,200,000; total of $40,000,000. All of the bond! thus far authorlxed are lerial bondi and, except the liean-llarrell Issue, mature one-twenllelh each tear after the fifth year. The liean-ltarrctt Issue mature $100,000 each tear beginning with 1922. The Six Million and Uean-Uarrctt issues draw 4 per rent Interest. All other Issue 4 Hi per cent, - Column 7 show the surplus estimated to be available each year after meeting obliga tions for principal and interest. The One-Quarter Mill Tax (Chap. 217, Law 1917) on the total assessed valuation of the state Is not shown in this table as an asset of the Stale Highway Fund a this fund i used principally to meet administrative expenses, survey in the various counties, en gineering supervision of county construction, and design and inspection of county bridges and ttructures. 1 HEREBY CERTIFY that wehaveeiamined theofiicial records of the State of Oregon a regards Income from Motor Vehicle licenses and Gasoline taxes and believe the estimates above set forth in columns 1 to 5, both inclusive, to be conservative. We further Certify that based upon these estimate the tabulations set forth above in columns 6 ana 7 are true and correct. KAlT Portland, Oregon, April 14, 192a WHITFIELD, WHITCOMB 5c CO. CnlifiiJ Public .Usounlanlt. STICKH AND HTONKS (Ily Mark Ireland.)) Prohibition Buoms to liu fennent Inc. Wo'll got n "kick" out of It yot. Lest Wo l-irRot Governor Cool hi ro of Mniwnclius cits saya: "To punish men for their liullofs Is contrary to tho spirit of Amorlcnn Institutions and American history. It Is right to punish overt nets, but tho only way to deal with beliefs Is to meet thorn, oxposo their fallacy, pre Hont tho facts which prove them wrong. That Is tho American way. If thoro nro some of us, Including men In high places, who seem to be forgetting this today, sooner or later thoy must return to tills principle which has never been allowed to sink out of sight during our wholo history." After all, tho scrct of Intalncss success scorns to Ho In tho old lulla by, "Iluy low; soil night." A Dudapcst dispatch rcatH "Money In tho hands of tho people must bo presented to tho banks, mill tho oburcr will rccclvo stamped monoy In halt tho amount present ed, tho other halt to bo converted Into Stato bonds, redeemable In 11 few years nnd bearing Interest nt tho rate of four per cent." Hungary knows that tho rehabilitation U Thrift. Flvo hill boards fencing 11 vacant lot In San Francisco carry the fol lowing theatrical advertisements "Should a Woman Toll?" ' "Why Chango Your Wife?" "Slio Loves and Lies." "Tho Other Wife." "A Woman of Pleasure" Across tho strcol Is a humhlo sign announcing night classes In tho I'nl vorslty of California extension department. Bill Barton's Favorite BILL is an every day sort of a chap even as you and I. Helms a pet pair of shoes, a tie that he wears a little oftencr than any other, and, like all other real "he" men, he has a favorite shirt. When we asked him why he always selected his 'fa vorite" from his dealer's line of Summit Shirts he said, "because they fit in with my Ideas of what good shirts should be. They wear longer than nny other kind I've been able to get; they're made right the buttons arc properly lined up with the buttonholes and the shoulder scams are at the shoulders, not the elbows; a trip to the laundry doesn't take the life all out of them, cither." Bill Barton has discovered rcnl "shirt comfort." Follow his tip wear Summit Shirts made by GUITERMAN BROTHERS, Makeri 8AINT PAUL RADER BROS. CO. mxsm Van Petten Lumber Co. Ontario, Adrian, Pendleton Write for our catalogue of mill-cut house?. Wind Shield Glass of all sizes in stock. Wall Tints, all shades. Send for color card and get it by mail. minKLMJXzr-