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This newspaper page contains 4 articles. Subscribers can read the full text of each article.
Newspaper
Graham Leader
Location
Graham, Texas, United States of America
Date
Mar 06, 1913
Page
4
A tenant farmer converses with Socrates about how taxes flow to merchants bankers and landlords through higher prices rents and profits. The discussion argues that tax burden supports public needs like a new county seat and that prosperity for landlords benefits tenants too.
A dialogue contrasts a 20 year road bond and a 40 year Court House bond. Socrates argues road improvements benefit farmers now, while long term courthouse bonds burden future generations and raise taxes. He favors funding roads over a new courthouse.
The article argues bonds must not bear under 5 percent and warns against 20 year bonds. It cites a county seat cost of at least 150000 against a total valuation of 7600000 and calculates annual requirements of 15000 to 15200, urging residents to oppose higher long term debt. It notes current state and county rate about 86 cents plus 20 cents for a total around 1.06 dollars per hundred.
The document lists Young County Texas liabilities including county bonds, indebtedness, chattel mortgages, deeds of trust, school and district bonds, and local bank indebtedness totaling 4399 436.40. Assets show net county ownership and nonresident holdings with a 13 657 population and a net asset per capita of 98.00 dollars.
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