PAGE THREE
KGNDAY, JANUARY 24, 1938.
PLATTSYOUTH SEKI - WEEKLY JOURNAL
Condition of
City Finances
Best in Years
Improved Balance and Reduced Debt
Point the Way to Still Fur
ther Tax Reduction.
Plattsmouth finances presented the
most cheerful picture for many years
at the close of 1937, the annual state
ment of City Treasurer M. D. Brown
published in today's Journal, reveals.
Not only is the city free of registered
warrants of all kind, but the bonded
indebtedness stands at a new low of
$235,000.00 and cash on hand has
risen from $12,093.40 a year ago to
$21. 78. 00 at the start of the cal
endar year 193 8.
All this has been achieved through
strictest economy in city expenditures
and with a decreasing instead of an
increasing tax levy. Since 1932, the
mill levy in Plattsmouth for muni
cipal purposes has been gradually re
duced each year. The schedule of
tax levies for each of the past six
years is as follows:
1932 25.0 mills
1933 24.4 mills
1934 23. S mills
PHOTO-FLA
'5 ' -3 -
71 Years Old: Goes for 5-mile Walk
Goliath Messiah, 71 years old and
a native of Persia, os he started on
a 5-mile walk in Bronx Park. N. Y.
Xc
Getting a Winter Sun
Tan Glendale. Cahf.
These bathing beauties
basking on the beach
speed up the work of
Old Sol with the aid of
a spray sun-tan solution.
r.K
1 Il-JK
9.
Honors Industry Mrs. Anna Steese Richardson, associate
editor and director of the Consumer Division of the Wo
man's Home Companion, who sates that American busi
ness, all the wav from farm to factory to retail store, has
made the United States the best country cn earth in
which to live She gives American industrial research,
which protects the consumer and develops new md im
proved products, a large share of the credit for our lor
tunate" position,as compared with other rations.
1935 23.6 mills
1936 23.4 mills
1937 21.0 mills
Since March 1. 1931, the city's in
debtedness (registered warrants and
bonds) has been cut $9C,200.00 an
average of approximately $14,000.00
a year as shown by the following
table:
P.nnds outstanding
March 1. 1931 $2S6.200.00
Registered Warrants
same date 45,000.00
TOTAL that da-e$331.2M).00
Outstanding indebt
edness NOW 235,000.00
REDUCTION of 5 90.200.00
in C years and 10 months.
Bonds retired during 1937 totaled
$9,500.00. Bonds to be paid off this
year (193S) $11,000.00; next year
(1939 ) $13,000.00 bringing the
city's gross bonded indebtedness down!
to $211,000.00 on January 1. 1940.
This figure is conditional upon no
new bonded indebtedness being in
curred during that time something
the entire present city administra
tion stands opposed to.
The indebtedness of the city on
January 1 of each of the past four
years was as follows:
January 1, 1935 $269,500.00
January 1. 1936 257.000.00
January 1, 1937 244,500.00
January 1, 1938 235,000.00
Future Streamlined Liner A design
for a funnel-less liner which would
be 1,350 feet long and whose speed
would enable an ocean crossing in
1
312 days
4A
7W
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Si?
. - .-4...
j;-- -me-" maw
1 ' 7r irii-nitrtiSWg&jiifiUaAaifc
Hules CJn striKCS
Vict Chancellor Maia Leon tierry,
vho recently ruled that a strike is
terminated when the places cf the
strikers are filled and the employ
er's business is being conducted
normally.
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ward -
- 3
. A'
fa
lint! I
pimoa
hrrren
piece
linen
navy
As of the same dates, the cash
balances in city funds amounted to
the following:
January 1, 1935 5 9.311.97
January 1. 1930 13.005.30
January 1. 1937 12.093.40
January 1, 193S 21.67S.00
During the past year, It will be
noted, the cash balance has risen
$9.5S4.C0, while all the ordinary op
erating expenses of the city, includ
ing the payment of $9,500.00 in bond
principal and $11,145.00 bond inter
est have been met promptly. In fact,
there has been no default in bond
principal or interest for several years
and the credit of the city is now re
stored to A-l rating, with City of
Plattsmouth bonds once more ac
ceptable investments for trust funds
of all kinds.
On June 1 it will become necessary
to refund at least $0,000.00 in bonds
which reach maturity that date. If
these were to be paid, along with
the other $11,000.00 maturing this
year, the total would be so great as
to not only deplete the nice reserve
built up in the bond and interest
fund, but bring grave danger of de
fault in bond and interest payments
within another year, thus again
jeopardizing the city's credit stand
ing. A two year "clear" period must
elapse after any default before trust
funds can be lawfully invested in
. 7 ..... v;
- v ;r : . ; ;- , i
irer.'on. i.. j
Zoo jrettiiias ims
African Wild Cat
shovs strong disap
proval as the photo
grapher snaps his
picture.
Worlds Smallest Violin And it ac
tually plays' This remarkable violin,
made by a celebrated manufacturer
c! Vienna is only two and a half inches
m length It has a perfect tone and
is identical in every way to a normal
sized violin. Its trueness of sound is
considered remarkable.
Scrubbm' Shngin' Sam
Slmgin' Sam Baugh, profes
sional football star who for
passed the Washington
neastins to victory over the
Chicago Bears recently,
sings in the tub as his
mother gives his back a
good lathering.
: .J w W In ru mi MM' 'mm ' Ti'i fiff
It "
; v .... . ,fc.
dimon re-1 1,
in rr twn. S
play suit ol
striped, in
and white.
1 ";7 1
municipal securities. This also ap
plies to funds of the state, such as
,.v.,..-i l., tw! f-inils finrl tlio 0 in i 11 inn
M 1KIU1 lailU ...... ..,v . ,..,1.,.. :
dollar state aid revolving fund that I
are inverted in interest -hearing mu
nicipal securities.
Along with the refunding of this
$0,000.00 maturity, there will also
be available to include in the refund
ing issue. $22.000.''( of optional
bonds that mature February 1, 1.0
and would have to be refunded ther
and an additional $i':,0n i.fio of Ion
term optional i:'sue ::w drawing -.
per cent, that could also be include,
if the bond market at that time i.
favorable. The $6,000.00 and tlu
$22,000.00 bear 44 per cent inter
est and it is certain a nice saving
can bo effected by refunding them.
Bottom rate on any outstanding city
bonds at present is 4 per cent, and
the condition of the bond market on
June 1st. should determine whether
the $10,000.00 4 per cent issue
should also be included in the re
funding or only the $ 2 8 . " o . 0 0 4
per cent ones be called.
Pome non-optional bonds, issued
fifteen ye ars ago are drawing 5
per cent interest, and will continue
to do so till the date of their 20
year maturity due to the fact that
no optional clause was provided at
time of their issuance.
of Me Wee&
. f - v 7
Murder in the Tropics Thats
above, associate editor of Collier s reports is going on in
Haiti where he went as the first American reporter to in
vestigate rumors of wholesale slaughter He charges that
10,003 Haitians have been killed by soldiers of the neigh
boring Dominican Republic. He is shown examining evi
dence of attacks.
i
1937.
A lew rows of lacy crochet worked
on to the edge of ' this neck-kerchief
and you have a new and delightful
accessory. The crochet is done in
tatting cotton and will give many a
dress new character.
It is now common practice in
issuing 20 year bonds to make them
optional for call and payment any
time alter five years. Had this been
done when these bonds were issued,
they could have been refunded sev
eral years a?o at a much lower rate
of interest. That particular issue was
for $96,000.00 payable $3,000.00
each year until the twentieth, when
the residue balance of $39,000.00 be-f-omes
due January 1, 1942, and will
necessitate the first refunding after
that of June 1, this year.
"With the increased cash balance
and reduced bond indebtedness, city
officials state it should be possible to
cut the mill levy again this year
possibly as much as 3 mills, to a
new low level of IS and still con
tinue paying off bonded debt in the
fame ratio as the past seven years.
For the first time in years, Platts
a out h citizens pay a lower gross tax
than Nebraska City the total here
Tor all purposes state, county, city
and schools being $44.00 per $1,000
assessed valuation, and there $44.04.
RETURNS FROM HOSPITAL
From Thursday's PaHy
Frank Stones returned home yes
terday from St. Joseph's hospital in
Omaha, where he underwent an op
eration for rupture.
" , - t
(Left) M-.ss Los Anaeles.
1937 Modl Miss Claire
James of Los Angeles, who
represented that city in
the annual Mardi Gras at
jVenice, Calif, where she
competed for the title of "Miss Cali
fornia." (Riaht) Miss Mitzi Jehlein, in
a striking -j-ose as a modern Diana,
displays ihe latest in beach wear
for 1933.
what cjuentm Keynolds
Milkman Now Cream of Pro Pitchers
Jim Turner. 3 1 -year-old "'rookie",
recently named as the National
League's most effective hurler for
Discovers An
cient Tear - Jar
A tear-jar used by the Phoe
nicians in 1000 B.C. to express
sorrow on the death of a close
friend or relative was found
in the catacombs of the an
cient city of Rabat on the
Island of Malta by Albert Mus
cat of Detroit, Mich. " Zf3
Public Support
of Recreational
Music Projects
Meeting Last Editing: at the Recrea
tion Center Attended by
a Large Group.
A meeting was held Thursday
night at the recreation center in
this city for the purpose of arousing
public support to the various proj
ects that have been suggested and
are now in effect along musical lines.)
Mr. A. E. Edgerton, the county
supervisor of recreation, stated the
main object of the project was to
afford latent talent and persons in
terested means of finding outlets for
the talents in the various groups.
Mrs. E. II. Wescott told of excel
lent musical work that has been
developed in the school musical de
partments and also in the 4-II clubs
of the county. Schools and Women's
clubs had done much to interest the
public in musical work. Formation
of both young people and older
groups in vocal world would add
much to the program.
Lee Meyers of the high school fac
ulty stated that the schools were al
ways pleased to aid in public enter
tainment from their groups and also
that the music department was very
appreciative of the recreation project
in aid given in the instruction of the
school students.
E. A. Wurl, of the hoard of edu
cation, also expressed the apprecia
tion of the aid of the recreational
project in the band and orchestra
work of the high school.
Rev. G. A. Pahl gave a very fine
statement of the value of music in
the life of the individual as well as
the community, music and music
appreciation being something that
was more valuable than could be
purchased. A project such as exists
here was needed to develop dormant
talent.
George Stites, mayor of LTnion,
v. as present and gave approval of
band work as of great value in com
munity service.
Elmer Sundstrom related some of
his experiences at Louisville, where
a fine municipal band was formed
and which was now one of the best
in this section. Mr. Sundstrom
praised the local American Legion
Junior drum and bugle corps and
their fine appearance. Mr. Sund
strom also sounded a note that was
to be one of the chief causes of dis
cussion for the evening that of uni
forms for the Plattsmouth band
which is composed of high school
and outside talent.
Mr. Edgerton suggested that if
the material could be supplied by the
community that the sewing center
would be able to make the uniforms
for the band. He also desired the co
operation of all of the musical lead
ers over the county in forming
groups.
Mr. Edgerton pointed out that the
recreational service had no funds to
purchase supplies such as music,
uniforms, places of meeting, that
their part was in providing instruc
tion and the opportunities to hold
together the groups through organ
ization and supervision.
Neal McDonald, of Hastings, state
supervisor of the recreation division
of the WPA, was present at the
meeting and gave a short talk on
the work throughout the state. He
expressed the view that there were
so many that had talent that might
be developed if the opportunity af
forded, this being what the recrea
tional service provided the oppor
tunity of expressing themselves.
There was some discussion of the
matter of band uniforms and the
necessity of properly fitting uniforms
and caps if the band was to be made
attractive looking.
The suggestion was offered by
E. H. Wescott that the local super
visor appoint a committee to get out
LAND, FARM and
RANCH BARGAINS
FOR RENT: Improved 12S acres,
known as Epler land, north of Platts
mouth. Fred E. Bodie, Trustee, 314
Federal Securities Bldg., Lincoln,
1 Nebraska. i24-2t
FOR SALE
Two Buckeye oil burning brooders.
Call Mrs. Ed Gansemer, phone 2905,
Murray, j22-2tw
JERSEY COWS FOR SALE
Two Jersey cows to freshen soon.
Clarence Engelkemier, Murray.
j20 2t sw pd
FOR SALE
Two Buckeye oil burning incubat
ors. Call Mrs. Ed Gansemer, phone
2905, Murray. jl7-2sw
and see what results might be se
cured in the way of financial support
for uniforms for the band. E. A.
Wurl suggested that the schools and
Korn Klub might be able to assist
in the work of procuring uniforms.
Mrs. E. II. Wescott, as chairman
of the music committee of the Wom
an's club, agreed that members of
her group would undertake for a
month to conduct a public group sing
each week and to ascertain junt what
the result would be from attendance
and interest shown.
RETURN FROM SOUTHLAND
Mr. and Mrs. Don C. York and
sons, Randall and Joe, returned this
week from a trip to tb' southland
that carried them to the Ilio Grande
valley of Texas where for a num
ber of years the York family made
their home.
They left this city on Christinas
eve when the weather was very dis
agreeable and the road conditions
bad, but from Auburn south they
found the travel very pleasant and
they were able to make good time
on to their destination.
They enjoyed a stay of several
days at Cushing, Oklahoma, with
Mr. and Mrs. Don Fre-se York, the
former a son. lKn Freese York is
the manager of the McClelland stores,
a system of southern chain stores
at McClelland and which has been
very successful. This city has 10,700
population and a very fine business
center.
The York family made a short stay
at Austiwell. Texas, with Mrs. Vir
ginia McCord, and family, Mrs. Mc
Cord being a niece of Mrs. York and
from where they headed into the Rio
Grnade valley, their old home. They
were guests of Mrs. L. V. Copenhaver,
a sister of Mrs. York and Mr. and
Mrs. Russell Perry, who are living
at Harling'-n, Texas. While there
Mr. York was a soloist in the pre
sentation of "The Messiah" by Hay
den, presented by the Methodist
church at the Texas city.
( HIGHEST PRICES
PAID FOR
DEAD AHIMALS
Dependable Service
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'JOHNNY'S FARMERS
RENDERING SERVICE
Market 1CS0 Omaha
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IF you really want to see
some low down prices
have a look in our 5th
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WESCOTT 'S
Since 1879
FIRE
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