Page Two
W. J. E. Vick of Molalla, who
is running for county commis
sioner, was born in Fond du Lac,
Wis., in 1881, and came with his
parents to this county when he
was three years old, and the fol
lowing year, 1885, they settled at
Molalla, where he has been resi
dent eve»* since. Mr. Vick has
been engaged in a general store
at Liberal, but principally at
farming, road builder, steam and
gas engineering. His slogan is
“To be a servant of the public
and not a political bully.”
Mr* and Mrs. H. W. Morgan of
Sell wood, were the Sunday guests
of the editor and his wife. It
will be recalled that Mr. Morgan
addressed the Community Club
last January on how he estab
lished a #25,000 business in five
years on $ 1.2(H). The address
was published in this paper, and
it has been reproduced in the
Pacific Coast Mercantile Co.'s
publication of San Francisco, and
also in the Chicago Dry Goods
Reporter with flattering editorial
comment. Mr. Morgan has also
received congratulations on it
from various wholesale firms.
LOWER EAGLE CREEK
Mrs. Alma Rhul and daughter
Velda, of Portland, spent Sunday
. with Mr. and Mrs. W. A. Smith.
Mr. and Mrs. H. • H. Franks
and daughter Theda of Portland,
spent Sunday with Mr. and Mrs.
W. A. Smith.
Mrs. Berniece Stock ley of Port
land, spent several days with her
parents, Mr. and Mrs. Geo. Dun
can, this week.
Clyde Monger, who has been
staying with his sister in Cen-
tralia for several week.-, past, re
turned to his home in Eagle
Creek, Sunday.
Fred Bates has recently sold
his saw-mi II to a party by the
name of Hamlet, who has moved
the mill across the river from its
former location, and is now op
erating it there.
Mr. Test has been quite ill at
his home for the past week. He
was taken with an attack of hic
coughs on Sunday morning, and
was not relieved of them until
the following Saturday evening.
Representatives from the 5th,
(5th. 7th and 8th grades from the
Eagle Creek School came to Esta-
cada on Thursday afternoon,
where they entered the spelling
and arithmetic contests. Lyle
Smith scored in arithmetic for
the 8th graders, and Henry Suter,
of the same grade received the
spelling diploma.
Thursday, April 29, 1920
EASTERN CLACKAMAS NEWS
At the . . .
PRESENT AUTO AND GAS FEES WILL PAY
INTEREST AND PRINCIPAL OF $40,000,000 ROAD BONDS
Agricultural College
State University and
Ore. Normal School
classes are so overcrowded, rooms so
overloaded, and teachers so few, that
the three institutions will have to close
the door on at least HKX) Oregon boys
and girls, and perhaps upon twice that
number next fall, unless the new mil-
lage support bill passes on May 21.
These three institutions have,
when compared with the year
when the present millage sup
port bill was passed,
150 per cent More Students but
only
15 per cent More Classrooms
and less than
4 per cent More Income
The fact that higher education in
Oregon is in a crisis cannot be said
too strongly. You are urged to work
for the Higher Educational relief
measure, and to help it with your vote
on May 21.
Paid advertisement inserted by Colin Dyment In
behalf of the Joint Alumni Relief Committee for
Higher Education in Oregon, 5 .4 Ptttock Block,
Portland
Special Runs at the Family
Theater
Manager Linn informs us that
he has some good bookings for
the near future, Marguerite Clark
will appear Saturday night. On
Sunday afternoon at 3 o’clock
and in the evening at 7:30, Enid
Barrett will appear in “The
Haunted Bedroom.” In addition
to this film, there will be a
Vaudeville act by the Boyles and
Mr. Walker of Portland, consist
ing of monologues, character
songs,, etc.
AUTOMOBILE OWN
ERS ATTENTION
I have opened a Repair shop
heie in Estacada and at present
am located in the old Cascade
Garage. I work on any make
of car, electrical troubles my
specialty. 1 find your troubles
and tell you free of charge.
Have your ear looked over, it
may save you many dollars.
Small troubles make large ones.
I guarantee all work.
6-8
R. E. MOORE.
$100 R ew ard, $100
T he readers of this paper will be
pleased to learn th at there Is at leaat
ona dreaded disease th a t science has
t>een able to cure In all Its s ta g e s and
th at Is catarrh . C atarrh being greatly
influenced by constitutional conditions
requires constitutional treatm ent. H all's
C atarrh Medlctns is taken Internally and
acts th ru the Blood on the Mucous S ur
faces of the Systsm thereby destroying
the foundation of the dlseaae. giving th e
patient streng th by building up the con
stitution and assisting nature In doing Its
work. The proprlstors hava so much
faith In the curative pow er of H all's
C atarrh Medicine th a t they offer One
H undred D ollars for any case th a t It falls
to cure Send for list of testItnonlals.
A ddress F. J C H K N FT A CO . Tolsdo.
Ohio. Sold by all D ruggists. TSc.
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 constitutional amendment to be voted upon
at the May 21 election provides for this 4% 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 has been audited and certified by Whitfield, W hitcomb & 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 tax, leaving an actual surplus above
the amount required.
O F H C lA t lAbLE
Statement ot Estimated Income to State Highway Fund Compared With Interest
and Principal Requirement:, 10 Carry $40,000,000 Bonds.
s
Estimated
Number
Year of Motor
Vehicles
1
1920. .105,000
1921. .125,000
1922. .143,000
1923. .158,000
1924. . 170,000
1925. .180,000
1926. .185,000
1927. .190,000
1928. .195,000
1929. . 200,000
1930. . 200,000
1931. . 200,000
1932. .2 0 0 ,0 0 0
1933. . 200,000
1934. . 200,000
1935. . 200,000
1934. . 200,000
1937. . 200,oOO
1938. . 200,000
1939. . 200,000
1940. . 200,000
1941. . 200,000
1942. . 200,000
1943. . 200,000
1944. . 200,000
1945. . 200,000
1946. . 200,000
1947. . 200,000
1948. . 200 ,OOP
1949. . 200.000
4
Motor Vehicle Gasoline Tax
License Fees Net Income to
Net Income to State Hig.i««’ »
State Highway
Fund
Fund
$1,575,000.00 $ 525,000.00
625,01(0 00
1,875,000.00
715,000.00
2,145,000.00
790.1(00 00
2,370,000.00
850,000.00
2,550,000.00
900,000.00
2,700,000.00
925,000.00
2,77 5,„00.00
950.000.0C
2,850,000.00
975,000 "0
2,925,000.00
1 , 000,000 (»0
3,000,001.0«
3,000,000.00 l.OOU.untt ui)
3,000,000.00 1 . 0 UO. J< 10 . 0(1
3,000,000.00 1 , 000,000 00
3,000,000.00 1 ,0 0 0 ,0 * M I.OO
3, 000 , 000.00 1 , 000,000 00
3 , O O O ,0 0 0 .U<'
1 , 000,000 00
3,000,000.00 l .u o o .o o u 00
1 , 000,000 00
3 ,ooo.uoo.oo
3,000,000.00 1 , 000,000 00
3,000,000.00 1 , 000,000 00
3,000,000.00 1 , 000 , 000.00
3,000,000.00 1 .OO 0.000 00
3,000,000.00
1 , 000 , 000.00
3,000,000.00 l .o u o , 000.00
3.000,000.00 1 , 000,000 00
000 , 000.00
1 , 000 , 000.00
3,000,000.00
3.000.00J.00
3,000,000.00
3,000.000.00
1 , 000,000 00
1 , 000 , 000.00
1 , 006 , 000.00
1 , 000,000 00
c
0
Interest and
total Amount
Estimated
Pi incipal
Income V> Requirements for
State tligbv ay
$ 40 , 000,000
Ronds
F und
$ 2 , 100 , 000.00 $ 494,850.00
2,500,000.00 1,043,25,..00
2,860,000.00 1,393,250.00
3,160,000.00 1,679,750.00
3,400,000.00 2,007,340.00
3,600,000.00 2,677,617.50
3,700,000.00 2,957,367.50
3,800,000.00 3,149,1X0.00
3,900,000.00 3,329,742.50
4,01(0,000.00 3,429,05..00
4.(11(0.(100.Ot 3.396.X44.50
4,000,000.00 3.308.392.5C
4,000,00o.o0 3,219, M„.5C
4,000,000.00 3,131,492 SO
4,000,000.00 3,043,042.50
.4,000,000.00 2,954,592.50
4,000,000.00 2,866,142.50
4,000,000.00 2,777,692.50
4,000,000.00 2,689,242.50
4,000,000.00 2,600,792.50
4,000,000.01
2,412,342.50
4.000.000.0C 2,327,8*2.50
4,000,000.00 2,218,442.50
4,00b,000.00 2,068,492.50
4,000.000.0,.
1,84\95?,50
4,000,000.00 1,161,475.00
4.0« 0,000.00
793,275.00
4,000.000.00
513,012.50
4,000,000.00
244,000.00
4,000,000.00
56,237.50
OFFICIAl EXPLANATION OF TABLE
7
Surplus
Ke-
mait.ing After
Payment of
Interest and
Principal
$1,605,150.00
1,456,750.00
1,466,750.00
1,480,250.00
1,392,660.00
922.382.S0
742,632.50
650 820.00
570,257,50
57(1,945.00
603.157.50
691,607.50
780,057.50
868,507.50
956,957.50
1,045,407 50
1,133,857.50
1,222,307.50
1,310,757.5J
1,399,207.50
1,587,657.50
1,672,107.50
1,781,557.50
1,931,507.50
2,154,047.50
2,838,525.00
3,206,725.00
3,4X6,987.50
3,756.000.00
3,943,762.50
Column 3 represents the net income to the State Highway Fund frotr. motor vehicle
license fees (Chap. 399, l aws 1919). I'he 1920 registration figures to date obtained from
the Secretary of State's office indicate an average license tee of twenty dollars ($ 20 . 00 )
per vehicle. The law provides that twenty-five per cent be returned to the county from
w'lich the vehicle is registered, therefore the net income per vehicle to the State Highway
Fund is approximately fifteen dollars ($15.00) per car which is the figure used in com
puting Column 3. The administration expenses of the motor vehicle law will he met from
the receipts from motorcycle licenses, chauffers’ badges, transfers, etc.
Column 4 represents the income from the Gasoline Fax (Chap. 159, L aws 1919) to the
State High wav Fund. Figures obtained from the Secretary of State's office indicate the
average tax per vehicle in 1919, was approximately five dollars ($5.00) and this figure
has been used in computing Column 4 .
Column 5 is the total amount of the motor vehicle license fees and the gasoline tax
based on the estimated number of vehicles as shown in Column 2.
Column 6 is the amount required each vest to pav off the interest and principal at ma
turity of State Highway bonds up to an estimated amount of $40,000,000 (the approxi
mate amount which could he issued with a 4 per cent limit on the present assessed valua
tion of the -tate. These figures are based on these premises: That the balance of the Six
Million Dollars Bonds (Chap. 423, Laws 1917), the State Co-operative Bonds $1,800,000
(Bean-Barrett, Chap. 175, Laws 1917), and th; Ten Million Dollar Bonds (Chap. 173,
Laws 1919), now unsold will be sold during the vear 1920. Also that further bonds will
be sold as follows: 1920, $5,Jh0,0O0; 1921. $5,000,000; 1*22. $5,000,000; 1923, $5,000,000;
1924; $2,200,000; a total of $40,000,000.
All of the boi.ds thus far authorized are serial bonds and, except the Bean-Barrett
issue, mature >»ne-tw<ntieth each vear after the fifth year. The Bean-Barrett issue mature*
$ 100,000 each vear beginning with 1^22. The Si- Million and Bean-Barrett issues draw
4 per cent interest. All other issues 4',fi per cent.
Column 7 shows the surplus estimated to be available each year after meeting obliga
tions for principal and interest
The »t>e-Qtiarter Mill l ax (Chap. 237, I aws 1917) on the total assessed valuation
ot the state is not shown in this table as an asset of the State Highwav Fund as this fund
is used principally to meet administrative expenses, surveys in the various counties, en
gineering u per vision ot county construction, and design and inspection of county bridges
and structure*.
________
WE HEREBY CERTIFY tha we have examined the official records of 1 he State of Oregon
at regards Income from Motor Vehicle licenses and Gasoline taxes and believe the
estimate* above set forih n columns 1 to t, both nclusive, to be conservative. We
further Certify that based upon these estimates the tabulations set forth above
columns 6 and 7 are true and correct.
cor
WHITFIELD, WHITCOMB & CO.
Portland, Oregon. Aprii
14, 192a
Certxfua i'u ilu Aaoumants,