Butts County GaArchives News.....BUTTS COURTHOUSE October 1, 1897 ************************************************ Copyright. All rights reserved. http://www.usgwarchives.net/copyright.htm http://www.usgwarchives.net/ga/gafiles.htm ************************************************ File contributed for use in USGenWeb Archives by: Don Bankston http://www.genrecords.net/emailregistry/vols/00024.html#0005864 November 5, 2006, 11:28 pm Jackson Argus – Butts County October 1, 1897 Wants Bonds – A Correspondent Tells Why He Wants Bonds. Editor Argus: I see there is another election ordered on 25th of October to decide whether we shall pay for the court house by bonds or direct tax. It is evident that we will have to build one as the old house is torn down and gone. Then the first consideration is the hard times caused by the very low price of cotton and rise in the price of other things that we have to use. Making money hard to get hold of to pay tax with just at this time. Now, is it best to pay for the court house by bonds or direct tax? Bonds seems to me to be the best way under the above circumstances for me to get through a strain at one time, because I can borrow the money at 5 per cent to pay it with, which is 5 per cent cheaper than I can borrow money at do my own business, and at the present price of cotton it just takes all I make to square me up for my necessary expenses and I have no money to spare with which to pay the amount I would have to pay by direct taxation. To borrow it myself I have to pay 10 per cent, which will make it four or five dollars more and only one payment. Now loan me the money at 5 per cent, and twenty years to pay it in and I can pull through very easy. But suppose I have the money and it takes $50, can’t I loan that money at 10 per cent, and pay the debt and still have my $50? Make the calculation for yourself and see. Again, to force direct tax would impose a hardship on your neighbor. This we should not do, but we should so act as to make it as easy on our neighbor as possible. Money is scarce and times hard and it will be too much to let go out of our county at one time, but let us keep as much of it with us as we can as long as possible. And again, for the next twenty years as the population increases the property will increase in both amount and in value and the means of gathering taxes will be much easier and work a much less hardship on the tax payers than it does now. So I think we should get at this matter in most economical way possible and make it as light on every tax payer as we possibly can. We out here at Towaliga are going to come up on 25th of October in front for bonds, and don’t you forget it! The way to fatten a lean hog is to increase his feed, not lessen it. File at: http://files.usgwarchives.net/ga/butts/newspapers/buttscou1911gnw.txt This file has been created by a form at http://www.genrecords.org/gafiles/ File size: 2.9 Kb