Medford mail tribune., February 13, 1922, Page 3, Image 3

fEDFORD MATH THTBUNK. MEPFOUP. OUKdQNV MONDAY.
FKIiRlTARY
13. iri2
PAOK
Tint EE
FREE FILM FO
AUTO DEALERS AT
LEGION TONIBH
T
AiKoiiiiiliiiu dulcrn mid employee
will enjoy n two re.d film nnd Iwturn
Oil Bltle promotion Of ItlllOIIIOtlVIt
eulpmnt tit lint (-'l American Legion
hull In thn Modford bullUli:; (lU
evening at nlghi o flock. K. It.
Crook hum unit V. J, J'lttkn of Port
land, who are rprontlng the Wlg
M I na rompuuy, Chanrclur anil Lyon,
Hullou nnd Wright, Murahall Well.
NILE DAUGHTERS
L
ATEST FRATERNAL
ORDER IN ASHLAND
Floyd Young Writes of Frost
Fighting in California Orchards
(If Internal lt nil Rogue Hivcr valley but aw t K l VuHum
in atari tin. work th. m
orrhnrdlMt In ii letter received by C, C.
('rale under ilnl" of Kcli. Clli from
Floyd U Youm;, the federal rnml ex
pert In rlinrgit of front duiiiag.t prcveii
tlotl work In tin- 1'ne.lflc riiaal aectlon,
written Hi Pomona, 'ul If., where, he Ik
looltliiK after front ' work In , citrous
ASHLAND, 1'cb. i:l Tradition of
tlin fur wial wnr transplant"!! t Ash
liimt mill given n local netting luat Sat
urday rii.nnM.ii, when Zulelimi Tcm-'W hrTV(, in M.-dfurd on Mari J5th
it a few day
mi will prob-
Ifonl before tlx:
iidly not arrive at M
lfith or tlicrcuboutn
'"I mi work hero lm i made n big lilt
tlilM season. Tli'- 'aiifirnla Krult
lirnwer Kxchange . n up $r,o) for
nuto hire, and the M ,'muI Orange Ida
trlbutor iwotln"!' for tin- name
pie, liiitigliler of tint Mli', wn lnM
tiilu,l . .ll.tli.M unit n.W Hltlllttfin t'J
i ... "k"" ...... ....
tint numerous fraternal ttricitiilainttoim
of tlilH rlty. Mm. Anna Larson, ol
Seattle, aupri.nw qmuui of tlm order,
wn pmacnt. In addition to delegation
from (Irani I'umh nnd Mndford, tlm
miriKiMi. TIki VWu'iiiton officii In
orchard of ttiiit reton, Mf. Young ittHmn( f(,r co.MM.rui! -m along Oil lino
from all thn (IlKtrliti ,. -r,. the fruit-
Oonlti Company, (org.t Uiwrnnfo j (cni bKimhIiiikk' U-InK r iilhr iillni
Coiupnny mid Wuii.rlioimn and !--1 fin, churl it ini'iriliontlilp UhI Inrlml
tnr, Hvin I'ortlund flrnm, will dn'lvir (,, ulnnit thirty
th liH iuro whlrh iroinlHi to lm not
only Imlpfiil and InNtrurtlvn, Imt In-
tlTKHtlnK ax Willi,
'Thla alituniotlvn oij u I jmn-ti t mil
ri.ini tit n tin. vwtui'iit la not cnflnud
lj thu alatn liut lit IntHriiatloiiul In
I'Xtunt. It la foamritd by th automo
tlvn Ktilpmtnt uaaoolutlon and baa,
aa Ita i bjci't. thn duration nt dal
r In puabliiK linr..nur)f and atttiulaid
qulpiw'ut In profiTi'ni' to uiiiim-ii-aary
n-.
News Summary
of Last Night
to In-Kin hln iinnuiil aprinK front work
Tin' illr followd In purf. ,
Yi-a. w bad u 'nlr' frM all rlKht
uiul wi lmvi inoiiKti dop on orfhanl
lii-iitorK to laat a KiouhhihI yi-urn. I
wuh out thin uflnriiiKm kioklnK ovur a
li-nioii icrovf. iiirt of which
and part not. Tim owni.r did not huvo
and th offi r Ic't '"" namt-ra r mu .;,
laull. and lli-lr ',i purity wua iriuu-'i,
mi that tlify l 'i-t-iI out ln-for tb
linpora(iirn bi'Kun 1 1 rla- on tlx' dld
I'xl inornlnK. In H.dte or thla fn't li
auyed with It, and an a rcaiilt lm haa
at loapt TD MTi'int of U1k P'tiionit, and
nioBl of th fruit buda wth' not In-
foriit work In belnv; h.iinll-d, but. I liuvc
H'lvlai'd iiKiilnat'1- ln "f tn"
Hokik lllvir vnlb'V I liKvun't hi;nrd
wlia thn doolalon U yi. If iciMslblti, I
would like to- tiuv.- ;, i ilk with you on
my 'way north t Yuklma. wh-n th
STREKT IMPROVEMENT FUNDS
'1917 to 1321 inclusive.
, CONDITION'S .IAN'. 1. 1!U7 (ln uifHun of pms.nt a.Imin wlnitlion). 1 .
Only a MiiiiU iiiiiiilirr of .fot- payifi' tip-ir ifs.-Hrtn-nH. ,
AlnHt 4'l.V),0(!t ()f i(.iii(ui'iit intTfft.lil"' on yity awsstnents.
" City wuh tlx:ti fit'iint? rjffuult in princiiVil and mtcpi'MUori bornlH,
Sw . bouiU nutliori':'! Iy tb people t ffurxl o)i Ixnid. ami ;iiitcr'Ht
CONDITIONS JAN. 1. ' f.: . .
lwt!iil of Im.ihI isii; ;ih prjit.l for tli aUovi' aipounl.
iitimil .find hoIiI. noun- i,l whHf Jiavc tJini-n ),-m puiij nff
hidritl.s now untmid ftiiiouitthitr t't-
thtw. cutting Iwn thi; nwr?.M bond dirbt ',
JAN. 1. CASH AND I'.ONDS ON'IIAND. r
Jim. 1. l!r'2, 'ash on hand ..'. ... .'- '.
JhiiJ 1, 1 '122. Liberty imd Victory -Horn Is.
Jau. 1, 1W2. Tillamook Si hool ilionds
Ii'iiviiy
zzt.
impruvfinoiit
:Ui.!l2!).LV)
$wmooo.oo
Cash and bonds on hand Jan. 1, 1922.
-
i
$ P6.903.80
i-hoaon undnr (llHix-nantlon -wrp
follnwa:
Qtiiiun. I.niirn Thoinaa liuiiiudl.
(irunta I'naa; prlncnaa royal. Ktlnd
Hortnaii, (irant I'naa; PrlniH-aa Tlrtali
N'nlllN MHinWND, MiMlford; Piloaa
lludoura. KlUiibnth IKihI', Aahlnnd:
prlor..H timralial. I.lllliin JtT.
liinnt; prlnr-H l)onkiir, Julia Law.
rin-i, Mmlford; I'rlnri'aa rhaplalu.
MnrKarot Kttbrltk. MwUord; lady of
JAN. 1. H17. CASH ON HAND - .i
Iirod r"' "' .V.'.?.","" M,,11f"r,, "'f'1 ;AIN IN CASH ICSOI.'KCKS FO'K miK FIVE YKAHS .
9 IK lllllllrr. 1 III M'l )Oil KIKlw Hiirn
I kinj to arrive.
. ".r. Yoiinif will Hin with h?r i:o
plo j 4 Han KranclH'v, iih Hi-sunn nxaln,
ho will not' be ii' i i-'Hiiry 1 1 hunt a
hou M Jfor ua."
"I Mill try to K' l iiriiiind to B-e your
folkK "nnfor K'nK nnnii, but will 1o in
l,oa MiiK'di-M only lilwm'ii trains arid
..... 17,(;iti.!)2
... 69,:jr.b!J7
...... t ... L .. I I Mill
Juri'dioiH-n bloKHoma m-nrly nil ruiiKhti , .u i i i . . i,
' ' - uiirfli f nil fin fni.ti uliin I cnrui. OlK'k
to I.o Ankla nvxt niiminur.
"BliriTi'ly,
and bU follaf Ik ulnnmt uulourhed.
In tlm ftrd ara, In tbo partiot ftrftd
nviiry fruit. bloaa'Jin und bud killed.
' ' l ... .1... I..
th k..ya. Mary A- CormdJ. Omnia ""r)'
I'uaa; lady of th. unfa. Itva,. Luma. ;!!.. about W r rent of h la tr.H..
d. n. M...ir,.rd; I'rlnca. Nydlri. M,,r. the bai k badly apllt and will bav,.
I'rlnrcxi " m v " ul ,nj Rimum ami
'COItK-ritilku of rnllwaygnn ,who
Krlrtay KtdlVd railway atntlnn. Anda.
folio inn mm iu ni'loii in - hl h
trtria tiffi-ri-d by rw-nt Publin crifir.
rni' am aitroml uikjii.
W.VSIIINOTON' Mnutir liniK.rta
durinK pant ynr liirrranKil by nnurly
t1.64Hi.imt) mipar'l with inn, whllt
aoft dilnka fi-ll of im,ri than fO,
Oimi in miiiia htim. nrfirdliiK to a for--ln
tnol butlotln.
DI'llLlN" Knmonn IWali-ra rn-na
lampalKn nKalnnt provUlonal kuvitii
liH-tit wlh dxiuoiialratlon Poll ri-K
iilntn liulliiTliiKH. whlln apKiikera flay
fri-o atalo Ih''iili-ru brand tin fiilne
NUil'-invni that I rtt.fi would by tuajoilly
ui-ivpt Annlolilnh tnnty.
IUMK- I'lu Xf'rrcwnnd popn In
biillra of l! P-li-r' In prwrco of
pilm-.i and illiiiillnrli-n of rhnrrh nnd
d rrli?n rpriKOtnlla
HOrtTON-OrunnU.'d oimratlvnii u
rotton lullla 1'iiiplo) Ina :t."o In Nnw
llittiipiihlri' nnd .MaNnrliunrtt, atrlkc
t"dny piut.-nt ni(itlnl whk rut of
1 p-r rt'iit, offii-liila nnununi-i'.
tMIU'AUO-Wnltnr W, l.ltiSHt
Amioli-an arrtflry for famtn trlli'l
In Hiionln rliullvnilt-N
jlKtb Iri'd
'tlm rfault
und
Hint
dcKn-ca at li'BHt, In
unflri'd ifrovoa. with
tbi tniM.ii !inw n
itnn.l llurnn. (iraiita I'aNn:
.uli-ka. Mniid Newbury. ' Mdfrd; : i-uiia. .
I'Hnrn. Znnoldn. Kdl.h Howll.l 'IHnK In th.. U.w,,r. and coldr
rimnta J'naa: TrUira 7.ora. U-lla ; l"ion o, .,.. ...n.-. ..... .... .
i l...l....l- lH.... 7iil.-lmil . Mwrmura BIlOlll 4
Mnry Hwin-ny. Midford.
IMllli H.i,iii,v (if Mmlfolil. mill
...II .1...... u-t.ll.. .... I',...
(iraen Chlnnork. of (irnnta l'aa. an. uj"'i " '-.
attidnnu. mam th.. qun A prlii-... ground and irilM
rrd..r U ..vld-ntly yet to l. niWi"" ,nM"" "T .
1 UU I 1KU1, 1 II 111 W Itfl IIM' IM PI nrn-uu
rho for Initiation la aald tn b of " ln n,"n" "wl '
amid., proportion. nlthmiKb Ihoa Join- nam i mm-n art-nu-r wm ,
' ' I'Ih ...nan lt...lii..u ,a tr-jtt.-t'tu
Ins undnr chart.r r.-Kltrntlon ri ; '"" ....
fitim rmulor "r" "UKni nnppinK. on ai--uni
th rr.wn- rtinnna; ri int. auir im
tlin.. many piopl hud beuun t laki-
i
fb'liUly rwcoKnlrt'd lu. am-h. how.-v.-r,
' Mi't.tr.doKlHt."
i-itlltled to a ritductlon
ralna. Thn Imimliti-m of th Ml" nr
. a I1IM.-W a! K.. Uhrlniiniil V..I if.
m.i..Ii ti,i.v.r , lu inn Di'mrr. ami tnnv .mmu
thn hull.-, umrnly biding thn Unin wbnn VTi7 am. Vin-t man. -u.i i
th rnrmnltlon will b volirliaafed.' It ,,n",, nm"1 rouipifin .M...p.m....
la bound in b Krnntnd K.nr or lmr, Wlt of " 't'r fl"'1 nl"ht
tor with thn adoption of i.nlv.-r.al auf ""' ' abn. to K.t um
fiat?o. th fnininlnn rontlnKMut t. dr-A haul oil from th.- atoraK tunli. An
tnrwln.t.1 to ahai. all hn frntninal a "-aim. ma nuir. o.i.n-u out
well na iK.lltfriO prlVltni;.... If. only a " "" I'"" " ln "ci,n, n,l;"'-qu.-alkm
of tlwn whnn rl tlm ni' burnly fHrapnd dniitrurtlon. A
Lr.l..kl A .... 2 (kill l.i u.llntl
... r....nL-nl... . .K.wnrfUl aulliafv. th- . IXTCnnl llimiBKl.
mi. ... .i,i..t, .ii I.,. i.. i... -Mt.r thouHHnd fi-t away i vvry
llVm t "III! II 1 i'tW""J '' ' I
COIJ.KCTKI) UN hSSESSMKNTS lfU7 to 102 (fivn yiarn)
AVF.HAOB COLLECTIONS I'KR YEAR..::....--.. U L.,........
Not1. This anirmnt wan colleet.l spit of th- fact that tli? principal payment
win- not i-fpiirrd undT th- rHfimlin!?;plun uutil fintt patnent of one-twutivth in piv
(MinlM-r, 1021. ' . ' ,
I'AVIN'I!, SPLWKH AND WATER IiONDf AND W ARK ANTS PAID 1917-1922 ...
PAVINf;, SEWER 'AND WATER HONDS OL'TST A NDI N( r FEU. 1, 1922
' ' ! ' ' :'
The outstfltidini: .ash.'HHnii'nt lKudH pome dui'.an folio w:
W4",(KiO () Wnme due 1923 to 1934 at - the - rate of 2T,000iOO per yw. . . '
$-i'y,0H).tX4 become due 19:i4 and require mnknii? fund to meet them.
(i.99.189
3.r)0,7f.2.39
70,152.47
$ 24,977.00
C84.00O.0O
l.ail) of the Joliiiira."
.uL'ltim Tfinplo atarta out .undiT
aiiaplrliiim (irruiliatanct'. Ita guron
and rol prln;nti bt'lni not only
rnnrKi'tti wnrki'rn, but In l I.k of flnl
nnni rapahllllt.-a In- thn aorlal realm.
or uimin ifiini i ,, .
H... I . .. n.. I llualnewa nixinnlbllitlea at tun mm-
eomnmrr .retry to )..ln In aaklng ! f tl'm boru wr imcd In
for cmKr,.Mh..,al lovrallKatCa of xxw hKbl pr,.p.n-lhn. with .urlal
llof ornnnlMitlnn.
MIAMI IMaivnry of Inrcn mil hi oak
of M)ta n.-ar rutnr of aim, t-overina
t.-rrllory at l.-aat r.n,iaio itillK ax-roan
dlmovrod by lr. Dnvld Todd. Hun
aiKita' tiiii'MTt.'d nnd (tredk-tlun I that
brilliant dlaplaya of borealta and dla
ttirliamti of wire communication will
IfHllll. '
COl.lMIIffl. Mlna-.More than 300
atudnnta at Mlanlxalppl State rollnun
niiff.'ilnK from ptoiualnn polaonltiK ua
rnnult of oiittnx rhlrken aalnd.
l.rlv tl.-Ki-H. and thnrn waa a jolly ana
Hlon followluK na an aftnrmath to the
official routine. Tlm tmpi! will ni.--t
oihv a month, probably on a Saturday
aflnrniHin, and a local rouimltt.M', of
hlch Mra. KllaU-th lluah la ehalr
man. will Interview tlm .Manontc liwilte
tniatc1 na to which particular date
III Ix-tter aceommodnte thu
IauKlitvr and othur affiliation con
cernml In oecupylnit the lodKt bead
quurt.-r.
Stage and Screen
Hydney Chnplln, Charlie C'hApltn'a
brother, prov.nl blinm-lf a hlKlily enter,
tnlolng eonindlnn In Ilia own produc
tion of "KlnK. Uueon, Joknr," which
ua aliown at lb Illalto theatre yea-U-rdity.
Tint cua of the cimmdy arc
In Id lu a mythical kingdom nnd 'Mr.
Chaidln piny a dual role, thnt of n
king and of a barber. In the atory. The
plol la good, It wim wrlilnu uiid dl
reetod by Mr. Chaplin. Lottie Mac
i hut mm playa opp'talle the ntnr,
"The Tortador"
It I flttlim tribute tn Clyde Cook
that bin romodiea carry audi n brand
of humor Unit they have, been aeliytod
for a r.itiHpli'uouH place In thn Pane
theatre'a ahow, lncludliiK Hill Httit'ln
."Tlttr Whlatle." "The Toreador" lit
linotbnr fnlhir In Cook's rrt) Hint Ilia
vnrkatlllty know no Itnunda. He nema
to bo rMcliilly gifted, to find merrl
inent In ny tyn of eluvrnoterlzntl in
And hi bulltoHkor may he'.plueed
nlonKMlde r IiIh guide, willor, liunla
man, et nl. na aomethlnR quite extra
ordinary m; liuntpraua.- pnntoiplme. .lte
Man one of n nimriet ltd forth to aim
viae BlniiKliter. When hla H"MleceaHorg
marcneit tiirotiRh the tloor,ho n.mftrk
ed thnt they nmile an awful nofno cIoh
tjiK It after tlient. ( Ho little "dMnmod
thnt the ennnon, ballH wero tftakltiR tlu
tiemeniioiiH roneiiNHlun. "
AKftln be bnd the niidlenci. luimliliiR
when hn exploited ambe of bla ami
hallo. iiKlllty. Ho almply doublea tip
with hla lianda on hla ankle and
fulHo head In curried around. The
Iiukh villain didn't know what to make
of the dwarfwho walked around oVen
when hla fulne head waa decapitated.
30x31
non-skid f IRES.
$9.95
Busy Corner
Motor Co.
Main at Illvernlile '
Mirnhnm
hori h.
l4neoln nwer joined
while a
leaf on the
trim a killed
WV haw hundred of auch HlUHira
tliini. nnd orchard bi-attni; was nevnr
no pt.pular .U-fure. Wish you could
eonm ilown here licrore l l.-av. and a'e
for yoiinielf. thivn WimhI told me he
Intended to mine down thla Inter and
I have !-.' u looking for lilm right
aloiiK but Ii"e. Iian't ahown up. He
rou'd eonvlnw titnwelf rwnrdlng the
rnault of (IiHuk In a few hours.
"I bate been tm buy to even think
thla aea(in. '.We have twrt new men
handltriK aluiilar work In the enatern
Mtrua dlatrlcta and I have had lo give
them a KiHid deal of time bealdua han
dling tba work here. I waa certainly
Nile OTy not to be able to get the doi
ready for publication that we worked
on laaf aprlng. but I haven't t bad a
minute Hinre coming down hvr"; busy
every tilnlil. Sundaya , Included, .until
10:30 or 11.
I will leave here almut March' Int.
Bang! JS-s-s-s-s!
Both rear tires at once.
Sounds pretty bad t
and looks worse! .,
But you haye.a
couple of spares a'ong;
a luky strike for you.
LUCKY
STRIKE
When we discovered the
toastinjf process six years
ago, it was a Lucky Strike
for us.
Why? Because now
millions of smokers prefer
the special flavor of the
Lucky Strike Cigarette
because
It's Toasted
if which aeafa in thm
decoua Burhy Jar or
And also because it's
14V (!
ESTIMATED VBARLV REQUIREMENTS.
Entiniated reeeiptH ba-d ou average last 5.years. ...
Eat i mated principal payments beginning tllis year..... ...
- Total estimated yearly receipt 1 -.
.......
' Principal 'payment on $245,fB'iXOO bonda . -
Sinking fund payments on !?439.00Q.(aj due 1934... ..
Yearly interest payment on $6H4,'XK).0O approx..,
. Total amount necessary to be eollK'ted each year
Estimated aurplus of receipts over disbursements L...1
WATER ITNDS.
,1917 to 1921 inclusive.
RECEIITS. , . . ' .'..:..
Italanee oitand Jau. 1. 1917 1 .". i::.'......r.
Vater reoeipts years 1017 to 1921 inclusive
$710,000.00
20,000.00
$25,000.00
"JiKOOO.OO
40,000.00
. ..o.ooo.oo
: s.ooo.oo
$ 95,000.00
$95,000.00 . $'95,000.00
$ .1,-459.49
222,48.32
'Total for tie five years 1917-1021 inclusive-.- . , . ' . ' .t
Included in above receipts is the bb.ni of $29.2rt 4.00 paid by' the general fund from
tax money fur water rentals for all city purposes, including street;and fire departments,
etc., also $2,b70..K received for old piuiip, etc. ,. ' '. .
DlSIiURSEMENTK " ' . ;
lat of operation 1017-1921 mcliihiveJ:i.i...l.:.:i i ... $'62,409.59
Paid Avater ;1mmu1 Int. nud principal and cancelling water certificates, .115.737.91
Amount jilaced in sinking funds (5 years) '25,971.57
Cash on harid Jan. 1, 1921...- : .1......... 1. t 20,1S.74
$224,307.81
' ' : . $224,307:81
the sum of $3,171.70 for interest on' water bonds was paid by
WATER HONDS PAID OFF: "''-.. v
Water bonds oustanding Jan. 1, 1917--...:.: $400,000.00
Iu additioti to this,
general interest 'fund from tax money
$224,307.81
Water bonds paid oft from Jan. 1, 1917 to J921...
Water bonds Btill outstanding.-. ,.
20,000.00
$330,000.00
These bonds come due' as follows: ' ...
$175.0(10.00 becomes due 1023-1938, $12,000.00 a year.
OTtAXtO.OO becomes due 1938,- requiring sinking fund each year.
i '
ESTIMATED YEARLY REQUIREMENTS. .
Efit iiiiuted recx-ipts per year based on 1921.'.. ... ...
Principal payments due on $175.(KX per year. .
Sinking fund payments due on $L05,000, at least... ......
Yearly interest payment on $3S0,(k0, still due jlI:
Operatimr expense based on 1020 and 1921 costs. .
NET ESTIMATED DEFICIT -........:...-......
'12.(XX).00
10.000.00
19.000.00
15,000.00
$ 50,000.00
6,000.00
$ 56,000.00 $ 56,(XX).00
REPORT OF FINANCE COMMITTEE
CITY OF MEDFORD
It is the desire of the Finance Committee to call atteutjiou to the most important developments ui
the finnncial affairs of the citv, from the time the pretnig adinuiistration took charge Jauuary. 1!1(,
to the present time. It will he recalled this administration ,vas liuiiinnzeu oy me people to re-orgauie i ajj,,. above estimate makes no provision for depreciation on the $400,000.00 .waier system. A cou-
the finances of 'tin? city, and make a consistent ettort to reduev its imleuteiiness. it was common kmnvi- sm-Htive estimate is 3 per cent a vear or $12,000.00 depreciation each vear. Nor does; it take into ac
ilge at that time that no general city bouds had been paid off from the tune the city was incorporated, increased cost of repairs to the 22 miles of wood pipe line which has now' been in use almost 12
up to the time the present council took' chiirge. ' , vears. i- - ; , .
Ihie to large deliniueneie in special 'assessments, the former euwil was comellcd to raise tV tax These figures show conclusively that the geueral opinion of the citizens that -'the "water system is.
evv for 19lli to 21.0 mills to meet the general expense and interestW-einiirements. During 1917 a Voiisis-, i.;.,hv m-ofitnhl.' to the eitv is enti'relv erroneous. . i .
. m . . i. i'.-i . r ii. . .. ii. . r i , - m
tent effort Was made by tins council to enusi me co-operation m me ciu.eus in uic pavinvui i principal
and intercut on paving, sewer and water assessments, with the result that the response was such that it
was possible to reduce the 1917 tax levy almost 7 mills to 14.0 mijls, and since that time, by the practice
of the iniiHt viiiil econoinv. it has ketit the millaire tax down as follows: . "
1917 l l.h mills . 1!I20 : ;
1918 ......,; '...;..:.....:!... I2.t mills 1021 : ..J
nil!) : : : .. 12.9 mills 1022 ; 1 -
, ,,....' , . . , 1 t
Despite the fact that prides of all supplies and labor increased! materially during this
council maintained this comparatively hnv. levy. It also shows conclusively that no tax levy was made
during' the past five year to meet interest-on improvement bonds.
. ' 1 ,' -. " - ' ' '.
Attention is called to the fullowiuc general outline of -the important financial affairs ol the city,
as ('omlueted by 'this administration "during jiy past five years: ..
... 15,0 mills
.... 15.0 mills
... 15.8 mills
period, the
GENERAL SUMMARY
' 1917 to 1921 Inclusive.
CASH-RESOURCES.
Cash balance on hand, all funds Jan. 1; 10221.....'.
Cash balance on hand, all funds Jan.l, 191 1. .. ....
GENERAL FUND
:1917 to 1921 inolusive,'
OUTSTANDING GENERAL llONDS.'JAN. 1, 1017
" 1. City Hall and General Improvement'
Ueneral Reluiulmg 1!.H
4.
Fire apparatus nnd trunk 'newer
1 'ridge 1032 ....' .
......'.$2r.OO0.()O
ItO.OOO.Oo'
'3S.000.00
20,000.00
$113,O(X).0O
OUTSTANDING GENERAL CITY 110NDS PAID OFF SINCE JAN. 1, 191
. , 1. City Hall and General Imirovement....-....r.
3;. .Fire apparatus ;'...;..t...;.,...:...,:.... ..v.j..,....u..:
$25,iX0.00 .
3S,OCH.0(
$03,000.00
5.000.89
4,810.01
4,73 1.00
1.381.28
TOTAL 1VONDS PAJD OFF .1917-1921 '........I...
The following extra items have also been met: '..'...
Erectisl building on lot side of fire hall, costing ?. J
."' Proridvdj garbage grounds and. equipment, costing
' . ' Secured aviation field, at cost, to date
Prepui-ed auto camp park and maintaining same, costing
This building was mado possible through savings in the general fund, and it is hoped that sufficient
funds will be available,, this year to complete same. - .. ... , ' "' ,
Your Attention is also called to the fact that the general fund has contributed ' $29,284.00 : from tax
monevs to the water fund for water ventrtlsfof till 'city" purposes including: street nnd fire department,
etc., or 11 u average, rental payment of f,8i(.80 per year,
in addition to meetintr all of thn above expenditures from current fundN there was n balance 111 the
gcncrol fund. JnwMflrjvl,' 22, f . .-. . . - ... '
$IGO,6G0.50
4f),437.71
of bondt during
INCREASE IN CITY CASH RESOl RCES..---..:....
Note. The increase in cash resources and redemption
the fve year period amounts to $221,702.79". '
TOTAL PRINCIPAL OF DONDS AND WARRANT INDEBTEDNESS JAN.1 1,1917.
115,202.79
-,'-
General city bonds.
Street assessment bonds
Street - assessment warrants.
Water- svstem bonds... J.
TOTAL PONDS PAID OFF 1917-1921.
General city bomls. .' ....
Street assessment bouds.... :
Street assessment van-auts
Water system bonds ..-.,.. -
.....j...
$113X.Q0
704,500.110
;'3,(0.00
'40.6pXOO
$ '63,000.01)
' -20:500.00
3,0(X).00
20,000.00
$1,220,500.00
. TOTAL PONDS PAID OFF JAN. 1. 1917-21 (5 yrs.)...
YEARLY INTEREST MONEY SAVED ON BONDS 1'AlD OFF - ' .
TOTAL PONDS REMAINING UNPAID JAN. 1,, 1922....'. 1 ...1:.:..:..
TOTAL ANNUAL INTEREST ON PRESENT OUTSTANDING PONDS -
TOTAL' ANNUAIi PRINCIPAL REQUIRED -TO. PAY PONDS WHEN DUE.- 1
TOTAL ANNUAL PRINCIPAL AND INTEREST PAYMENTS TO MEET PONDS
WHEN DUE ....L : ,.
$106,500.00
! 53o.o6
$1,111,000.00
62.540.00
77,000.00
139,540.00
to
lu iroparing this condensed report of tbo financial affairs of tin- City your committee has endeavored
show brieflv what this council has been able to accomplish through tho whole-hearted cooperation
aud support of almost the entire body of citizens. It w hoped that future councils will likewise Keep
in mind the importance of continued effort in reducing and finally liquidating the city's large out
standing indebtedness, as it will bo noted that even by following the present schedule, requiring pay.
mehts of $i;)0,540. 00 per year, it will be 1938 before all of it can be paid off. ;
: . -,.: ' 1 . ' FLNANCE COMMITTEE '
. . . " . By E. C, Grtddis,
... ... ..-.'... " - .-. , 4 Clinirmaiu-- -