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JfED170RD MATL TRTBWE, 3'fEPirpRI), OftECJON, WEDNESDAY, SEPTEMBER 15, 1935
PAGE THREE
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ii.
REBONDING MEANS
TREMENDOUSTAXES
FOR THIRTY YEARS
If tho city Ibmio bonds to tlio
amount, approximately, of $t,000,
OOO, at G per cent, only tlio Interest
to bo paid tho first flvo years, and
after thnt ench year ono twenty-fifth
of tho principal, the first, flvo years
150,000 would have to ho'pald year
ly. .
Tho sixth year $50,000 Interest and
??0,000 principal, f 00,000.
Tho seventh year $18,000 Interest
nnd $10,000 principal, $88,000.
Tho eighth year $40,000 Interest
nnd $40,000 principal, $80,000.
Tho ninth year $44,000 Interest
and $40,000 principal, $84,000.
Tho tenth year $41,000 Interest
nnd $40,000 principal, $S2,000,
nnd bo on for tho romalndor of tho
.TO years, tho 'Interest diminishing
$2000 yearly. Tho auovo calculations
nro mndo on a bond Isstio of a million
but as tho actual Issuo proposed la
$20,000 moro than a million tho ac
tual amounts to bo paid yearly would
bo a llttlo larger than tho above
amounts.
High Yearly Tax Itato
To raise this amount of interest
nnd principal on a present assessed
valuo of flvo million would rcqulro
a yearly tax rate of 1 ,4 per cent tho
first flvd years and 2 Vi per cont tho
Blxth year. In othor words, a tax of
IV per cont or 12 nillls on tho
$4,000,000 assessed value would glvo
us $50,000 tho first year's Interest;
and a tax of 2U per cent or 22
mills on tho $4,000,000 assessed valuo
would glvo us $00,000, tho amount
to bo paid tho sixth year.
Hut tho actual tax rato must al
ways bo considered higher than tho
exact figured amount in order to
inn ko up tho deficiencies of thoso
who fall to pay their taxes. And
that there aro a considerable num
ber of such wo l;nov from tho largo
amount of delinquent taxes published
each year. Tho actual increased rato
therefore to bo lovled In order to
cover tho payments on this bond ls
diio would probably bo about fifteen
mills tho first year nnd about 25 mills
tho sixth year.
Now tho city's taxes next year will
IOsn of Saloon Revenues
havo to bo Increased nearly thrco
mills over this year to cover tho loss
of ten or eleven thousand dollars
rccolvod from saloon licenses, which
added tp this year's total tax of
3.1 S-10 mills, will glvo nearly 37
mills. Now If tq this wo add 15
mills to cover tho first year's Inter
est on tho bonds wo would havo near
ly 52 mills and tho sixth year we
would havo nearly 02 mills tnx on
present nsscssed valuo. If In tho
meantlmo tho nsscssed value Increas
es, tho rato would at courso dimin
ish provided no nionoy woro raised
for other improvements during tho
next six years, but tho $90,000 or
principal and Intorcst would havo to
bo paid tho sixth year whatevor tho
rato.
2 Milts lA-vy bi Sight
Tho facts nro there, if this bond
Ihruo passes our taxes for tho next
thirty yenro aro going to bo from 52
mills to C2 mills yearly on present
assessed valuo. Consider for a mo
ment the effect this burdensome rato
of taxation would havo on tho pros
perity of tho city. It would bo al
most Imposslblo to got any new en
terprises to como hero; no sugar fac
tory, no saw mill, no box factory
would want to establish thomsclvcs
bore. They would cither bo forced
to build outsldo of tho city, which
might and probably would bo of great
inconvenlcnco to them or would go
to other cities of tho valley whero
they would not bo burdened by such
an oxhorbltant tnx rato. It would
also keep away ovory enterprising
morchant. Knowing that ho would
havo to pay from 52 to G2 mills tax
on tho nssosscd valuo of ills goods
and that from 5 to 25 mills of this
tax would bo for pavement in front
of his storo which ho would havo to
pay for In tho Increased rent to tho
owner of tho storo which ho would
almost certainly decide not to open
any business In Mcdford.
Drives People Amir
Nor -would peoplo como heo un
der these conditions to mafco their
homes; they would seek other towns
In tho valloy whoro tho rato of tax
ation Is about half what It would bo
hero. A sixty mills tax Is a C por
cent tax. Think of any ono having
to pay six per cent on tho assessed
valeu of his property for tho privilege
of doing business or of living in Med
ford! With such a tax rato would
not Mcdford romaln for yoars a dead
city? Would wo ever again have
prosperity? Would tho clt yover In
crease in population?
And thoro is such an easy way out
of all this trouble;, and it simply is
for all to como forward and pay the
interest on their paving assessments.
Some sny that even tho Intorest duo
can not bo collected, but I firmly be
lieve that all of It can bo, nnd thnt
nlno-tcnths of It will bo paid without
bringing suit If tho council will go
ahead and let It bo known that with
out fall they will bring suit against
every delinquent who does not pay
up his unpaid interest boforo a cer
tain date.
Should M:Uo Col lit! Ions
Indeed it this courso 13 followed
thoro will bo good reason why nearly
all should pay up and probably near
ly all will pay up. Let us take a case
whore tho pavement Is worth several
times tho amount of tho lot. Tho
owner will reason as follews: "If I
hay to pay all tlio back Interest and
assessments now I would not do it
If I could because tho lot 1b not worth
It; but tho city offers, If I simply
pay up tho delinquent Interest, to
carry for mo tho matter of tho de
linquent assessments for a year. or
two to carry them at least through
tho hard lime's. Now I realize thai
for a fow dolalrs I can still hold on to,
my lot. I will do so, I will keep tho
Interest paid up and more than llkoly
In a couple of years prosperity and
Increased population will como to tho
city and mnko my lot valuable. Hut
It it docs not como then I can let It
go; I will at tho most loso but little,
simply tlio Interest for ono or two
years. Moreover, tho pavement Is
worth what It cost, and with tho In
creased population which is almost
suro to ccftuo In tho next few years,
tho pavomont In front of my lot is
bound to mnko tho lot valuable, nnd
cspcclallyso, slnco thoro Is very llt
tlo probability that tho council will
pavo any more streets for a number
of years."
Let All Pay Up
Thoro aro hundreds of peoplo In
tills city now that havo tho Interest
of tho city nt heart who would gladly
and willingly pay up their delinquent
Interest If tho others would do tho
Bamo. Why then can not thoro bo
concerted action In this matter nnd
ovory man that feels this to bo tho
right and best thing to do offer to
pay up provided tho council will go
nhcad nnd bring suit ngatnst all who
havo not by a certain date paid their
Interest. It la my firm belief thnt
tho only way to solvo this problem
nnd solvo It right Is to bring suit nnd
mnko tho owners of tho proporty pay
up. If for any reason this method
should fall and our best lawyers
toll us It will not fall It' will bo
tlmo enough then to talk of n bond
lssuo. If tho council will follow this
plnn I for ono will pledge myself to
keep tho Intorcst on my unpaid pav
ing nssessmenta jmld up. What say
tho others? II. II. SARGENT.
F
RANKIE
EDWARDS
MANAGER
OE
NEW
PUGILISTICWONDER
A HIP
RAIDS ON
LONDON
CITY A FORIRESS
Fmnkie IMwnrds, the crslwl.il ' IIBUMN, Sept. 15 -Count Von
,,,,. . , ,. , jUoventlow, tho naval writer, replies
.uroniru inipruMino nu uuvuibi
Hud Anderson niul Inunohetl him on.
his short, but brilliant career, hits
diKCOvered n new world beater, Hobby
WhurIi "tlio walloping Wop" of
TAns, who pave Huttlins Nelson a.
first ehtHM drubbing September (1 at
Juarez. Friinkio now elniniH hhrovp-
nnrt. Ln.. n his nbidinir nliieo, but
t-till loups for tlio Hogue river valley!
and hopes to mnko Aledlord Iiih itt
turo home, and j;ivo to lovers of tlio
manly art a chance to oo the gamo
as at old. A recent issue of the El
Paso Times has tho following re
garding Frnnkio and his Texas cham cham
peon: ,
Mnko n CJood Team
"Friinkio Edwards, handling tho
business affairs of tho Fort Worth
mixer, at 0110 time conducted an ath
letic dub in thu East Texas city. It
was there where ho first mine in con
tact with his present protege, who
won severnl bouts at tho Edwards
resort. Edwards at once saw the
making a great boxer in tho young
ster and took him under his wing.
Edwards' long experience witli tho
boxing ganio nnd tho development of
many good mitt artists has stood the
manuger in good stead in putting
Waugh to t1u front. They mnko a
good team, in that Waugh does not
care how fast nor how big they
come. Fight is what he wants,
moining, noon and night, nnd he gets
it. Manager Edwards enjoys such n
large acquaintance among promoters
and athletic chilis that he gets many
dutos where fighters arc demanded
in n hurry. Waugh being of such a
particularly rugged phyniquo he
rounds to fight condition in quick
time.
"Wutigh possesses n great record,
in that he has won his last 11 bat
tles in his sensational string of pugi
listic successes to tho championship
of Toxas. llis only setback came in
his scrap with Joe Azevedo before a
Memphis club over tho 8-round route,
when tho newspapers awarded the
decision to the Portuguese glove ar
tist. "In comparing Waugh with Hud
Anderson, Edwards thinks the Texas
! In tho Tagcs Zoltung today to Brit
ish criticisms of German airship
raids over London. Ho Mates that
London Is a fortress, and that Sir
Percy Scott, tlio newly nppolatcd de
fender of tho city from aortal attacks
should order, tho civil population of
London to depart,
Tho airship attacks, Count Von
Kevontlow Insists, aro legal nnd of a
purely military character, aimed nt
tho destruction of vessels, wharves
and magazines and other property
serving war purposes directly or In
directly. Ho cencludes:
"We hopo confidently thnt tho swy
lug 'Throwing Ilombs on London' will
soon bo ns trlto as tho phraso 'Car
rying coals to Newcastle,' with tho no
table difference, howovor, that In
N'owcnstlo thoro nro coals enough,
whllo In London by far too fow Ger
man bombs hnvo tlniB far exploded."
JAPS MOBOLIZE
RESOURCESIOMAKE
T
KtfGHNH, Ore, Sept. 15. Throo
hop mouses and contests word dc
Hthoycd by flro hollevcd to havo been
of Incendiary origin, nt Goshen, near
hem last night. Tho proporty be
longed to John M. Kdmuuson, nnd
wnti vnluod nt $5000. It Is hollev
cd '.to havo been sot ty tho parties
rcsifonulhlo for tho recent hop flrcu
In tills state.
field Register at Cheyenne.
WUSHINGTON, Kept. 15. Presi
dent Wilson today appointed William
lteid of Rawlins, Wyo., ns register of
tho flnnd office at Cheyenne, Wyo.
soi'appor has an even greater punch
niwl easily outclasses the Swcdo in
ring generalship.
"Waugh is itching for 11 chance at
the Michigan bearcat, Wolgnst. Ed
wi'.rds is now in communication with
that mixer, endeavoring to arrange a
daf nt Shroveport."
ARMS FOR ALLIES
T0tlO, August 21. Correspond
ence of tho A. P. The decision of
tho .Iaiviieo government, niinotnieed
today, to mobilize the industrial re
sources of tho country to inercaso
the output of arms and ammunition
for tho allies, is explained by Premier
Okuma in an interview in tho Kokumin
Shimbun, ono of tho leading dailies
of the metropolis. .
"Japnii realizes that all tho allies
must co-operate to defeat our com
mon enemy, nnd hns decided to give
further nssistuueo to the allies. We
hnvo sent in explanations to our am
bassadors abroad to that effect."
Tlio premier referred to the sacri
fices Japan hnd already made, but
pointed out that they were not as
great ns thoso of her allies, for whom
tho stake wnH their national welfare.
Japnneso work .shops and workmen,
ho explained, woro not trained to the
manufacture of such largo amounts
of munitions, hut there has been a
grenl improvement and ho predicted
their output in tho future would he
sufficient to meet the demands of tho
ontento powers.
lleferring to what ho called tho
impracticability and impossibility of
sending Japnneso troops to Europe,
tho premier, expressed tho idea that
it would naturally bo difficult for the
Japnneso soldier to fight so whole
heartedly as they would for their
own country. Moreover, it was not
reasonable to send an expedition to
Europo nt tho expense of weakening
Japan's defense at home. Ho wiir
confident tho increased help which
Jnpau now is undertaking to extend
would satisfy her nllicH.
The premier disposed of tho ques
tion of a formal allianco with Huh
sin by saying it was inexpedient to
enter into any new rotations of such
a mituru during tho war. Japan
would fiend representatives to the
pence conference, but since sho wns
not in tho thick of battle her claims
were hound to be restricted. On this
point tho premier said:
"Hut we will fico to it that our dig
nity is respeclcd nnd that our rights
aro guaranteed securely. Especially
111 the Orient wo shall not allow our
position to be injured."
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IU J. JtnoUi 1 bb. Co.
You can
play Po A. both ways !
Prince Albert is a regular double-header for a
single admission; a two-bagger with the bases
full and two out in the ninth! Yes, sir, it pleases
the jimmy pipe smoker just as it satisfies tho
cigarette roller ! You can't put P. A. in wrong, because
it has everything any man ever hankered tor in the
tobacco linel The patented process fixes that and
takes out tho bite and parch !
Now, you listen to this nntion-wido smoko nows, men, bccmiso wc tell
you P. A. will como across like it was an old friend. You'll get fond
of it on tho first fire up, Its so good, and so cool, and so chummy l
W&SS&
Nnce Albert
the national joy smoke
just let's you go-to-itall the day long without a come-back I And you
don't have to take a correspondence course in tobacco smoking to under
stand how to smoke P. A. You take-to-it, natural like 1
We tell you Prince Albert will put new joykinks into your palate I If
you roll 'em, P. A. will sound a new note as to just how good the makin's
can be I Realize that men everywhere all over the world are
smoking Prince Albert tobacco. That certainly ought to put a
lead-me-to-it whisper in your earl
Prince Albert U told everywhere in loppy red bagi, 5c; tidy red tint, 10c, and
in handsome pound and half-pound tin humidor f alto, in that dandy pound
crytahglau humidor with the tponge-moittener top that keep the tobacco at
the high point of perfection,
R. J. REYNOLDS TOBACCO COMPANY, Winaton-Salem, N. C.
'ifom&rWzL.
smsssff,s.mB
Gold Seal Butter
WAS CIIVEN
The Blue Ribbon
tit tho rocont Jackson County Fair
which is another evidence of its.,
superiority.
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There is no better butter made
TRY IT AND SEE.
V-
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Jackson County Creamery
Low Round Trip Farcis
to tho
INDUSTRIAL FAIR.
to bo held nti
Gold Hill, September 17 and 18
Tlckbts will bo sold Soptotnbor 10, 17, .t8 nnd will bo cood
for return until Sontcmbor 19, from nil Main Lino Stations
Glcmlnlo to Auhlnnd Incluolvo. ' ''''. '
Full unrtlculnra, (area, train sched
ules, titc. from nearest rii;ont,
SOUTHERN PACIFIC
John M. Scott, OonrnU I'asHenKi'r A Kent, I'ortlnnd, Oregon;
. t L1J-.
J- .'-
jaaj i-u. J-
(SXSGXKOKWKO
FIFITH STATE FAIR
SALEM, SEPT. 27 TO OCT. 2, INCLUSIVE
Come prepared to stay a full week
St'l"CIAIi davh ,
$20,000 offered in Premiums
Reduced Rates on Railroads
i'iutuiujs
Trials of Speed
Hliootlnc Tournament
Hand Concerts
Two Aviation Fltchts Dally
lloy'fl Camp
Girl's Camji
Uvorybody's Camp
Krco Sheds for Campor'a Toamn
Moving I'lcturca
Social Center Tent for Campers
Dancing Pavilion
Children's Playground
Ilea Demonstrations
Animal Circus
Amateur Dahlia Show
Paved Stroetn
Freo Transportation for Kr-hlblts
SIONpAV
Children's Day
TUKSDAV
Woman's Day
Cood Iloads Day
WKDKKSDAV
Baloni Day
Woodmen's Day
Blato Societies Day
THURSDAY
Portland Day
Transportation Day
Elks Nisnt
FRIDAY
Press Day
Oregon Manufacturers'
Scandinavian Day
SATURDAY
Shrlners'.Doy
Pioneer Day
Orange Day
Carnival Night
Day
Froo Camp Grounds
For Promlum Msts, Kntry UlnnkH, or any Information Whatevor
relntlvo to tho 1015 Oregon Stuto Fair, Address W. Al Jones, Secre
tary, Salem, Oregon.
(WSexS!
Jtnulily mliiptuble to nil Mtuntionw, nith its ability
to meet nnd oven'oine tlio iiuubiiul, tlio Konl Is the
car for your tours nnd oauiping expeditions, as
well 118 lioiny ft Ronuino utility in the demanda of
overyday life Avenging about two cents er niila
to operato nnd maintain.
Tom-ins finr $110, Hunaljout $390, Town Car $010,
Coupelet $7S0, Sedan $07G; f. o. b. Detroit with all
equipment. On display uud 6ulo at
C. E. GATES
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