A LAST APPEAL.
Kingston is on the eve of an important polling day when its property owners are asked to decide whether they want this city to have one of the best concerns that has ever been offered to this city, or whether some other city shall be benefited by a shipbuilding plant that Kingston failed to appreciate. It is therefore important that every qualified voter should calmly, conscientiously and finally weigh the case in the balance of their own judgement and settle once for all whether the old Limestone City is to grow by adding industries to its municipal programme or whether it is to occupy a position of splendid commercial isolation among the cities of Ontario that are growing by leaps and bounds? Here are the cold, hard, concrete and honest facts regarding the dry dock proposition:
1 - The dock property is valued at $650,000, on which valuation the city does not get a dollar of any kind of tax from the Ottawa government. Nor does Kingston benefit to any great extent by the presence of the dock in this city. Only a few men are employed and the salary roll is a small one.
2 - The new shipbuilding company guarantee, by the terms of the by-law, to pay $250 a year as school taxes.
3 - To pay out $30,000 a year in wages for the first three years, and $40,000 a year in wages thereafter.
This is what they guarantee, but they will, inside of three years, be able to pay out double what their agreement calls for.
4 - The shipbuilding company must put $50,000 into a construction plant and maintain a plant worth at the end of each year at least $50,000.
5 - The shipbuilding company must employ residents of this city, commence operations at once, carry on a shipbuilding work in this city every day in each year that the exemption asked for will run, doing a general shipyard business of building and repairing.
6 - No concern, in its infancy, could pay taxes on the $650,000 assessed valuation of the present dry dock property, plus $50,000 for plant which would mean $700,000, and the usual tax rate on this amount would mean about $15,000 a year, which would run up over $1,200 a month, besides school taxes. Now, add to this $10,000 a year rental to the government, $30,000 a year wages, maintenance of at least a $50,000 plant, insurance, interest on investment, cost of material to work with, etc., and you have a set of figures that tell you why the shipbuilding company ask for exemption from general taxation until they can get their industry put on a paying basis. Relieve them of the heavy tax of $15,000 a year - for we are not getting a cent now - and they are confident they can operate a plant here that will be a credit and benefit to Kingston.
No bonus is asked. Not a single dollar of money is sought from the city. We have nothing to lose and everything to gain by passing the by-law. Men will be put to work on Tuesday to instal the company's new plant if the by-law passes.
And now for the last point of importance for every voter to remember, and it is this. Every man who has put his name to the shipbuilding company's books has placed money in the concern, and every one has a clean, untarnished, commercial record. In commercial life they are above reproach or suspicion, and they come to Kingston with their honor, their money and their experience, and offer the use of both for the privilege of doing business here, and it is for you to say "yes" or "no" on Monday. Say "yes" and add credit to your name; say "no" and you will live to regret it, for no concern will ever again seek this city if we refuse the shipbuilding plant.
p.5 Joseph Kennedy, engineer of the M.T. Co.'s steamer Westmount, leaves on Sunday for Collingwood to fit out his steamer.
Scene of Activity - Will Result at Kingston's Big Drydock - if the exemption bylaw is passed - full column signed by Francis King.
p.7 INSPECTOR DAVIS - Points Out Kingston's Shipbuilding Needs - 3/4 column signed by M.R. Davis, Government Steamboat Inspector.
p.8 Marine Paragraphs - The coal docks at Charlotte, N.Y., are to be equipped with electric power for loading and unloading vessels.
The steamer Arundell has been sold to a Chicago shipping company. She will no longer run on Lake Ontario. This coming season she will be put on a passenger route between Chicago and the Soo.