The record-union., 1897-12-03
THREE ALL-SUFFTCIENT REA-
SONS.

No citizen of this community can
possibly say that he is not sufficiently
we'll informed upon the proposition TO
be voted upon tomorrow, to enable
him to cast his ballot intellgently. The
question has been argued from all
standpoints; it has been exploited as
are few purely local questions. There
remains nothing new to be said upon
it
In closing the debate. however, the
Record Union takes the opportunity
to repeat succinctly the reasons which
should induce every citizen having the
welfare of the community at heart to
vote AYE" tomorrow upon the Folsom
road proposition.
1. Bonds for $4,000, with interest
thereon, will cost less for ten years than
the present annual expenditure upon
the Folsom road, to say nothing Of the
extraordinary expenditure that must
take place for bridge building if the
bond proposition Is defeated.
2. After the first ten years the in
terest and principal account will ne
larger than the present cost of main
tanning the dirt road to Folsom. But
as against that sum, we VIII have had
the beneficial use of first class model
road for ten years, and will have it
for the second term of ten years also,
and as much longer as it is maintained.
This beneficial use Will ten-fold and
more compensate for the cost.
3. The construction of such a road
without State aid would cost more than
S125.000; but by voting bonds we get it
for $4,000 including the establishment
of the legal title to the right Of way.
AS the interest on that sum is more
than offset by the relief afforded by
release from the cost of maintenance.
TO vote for bonds is equivalent to secur-
sng a property fully worth S125, 900 for
$4,000 less than its actual value,
throwing out of consideration wholly
the vast benefit such road will prove
In inducing desirable settlement OF the
country, in augmenting values of as
sessable property, in lessening taxa
tlon, IN stimulating rural Improvements
and IN effecting enormous saving 10
country residents in the cost of haul,
and the expenditure OF time between
market and farm.
To the Record Union" these three
reasons seem sufficient and to cover
the whole question, and moreover to be
nnanswerable. The only reply that is
or has been made to them is that 1t is
better to do what is asked by direct
taxation. It is the objection to bonds.
or debt, that antagonizes so many vot-
ers. To this objection very complete
reply may be made without much ef-
fort.
/. Under direct tax the city could not
be included and the whole cost would
fan upon the country districts. More
over, the statute limits the sum total
of any direct tax for road purposes.
and that limitation would prevent the
raising Of the necessary amount to avail
Of the States offer to pay 40 per cent
of the cost Of the road.
Z. a bond or obligation given to ac-
romplish an economy and make pos
itive and immediate saving, widely diff
feTs from an obligation assumed for
speculative purposes or for the mere
gaining Of time. The objection to
bond issues raised by the apostles of
The anti-bond party, never has run to
the installment plan OF acquiring prop
erty or diseharging an Indebtedness.
and especially where it is shown that
1t IS more economic TO pay in install
ments with interest added. than to con-
1inue a financial course that costs more
than 10 borrow. and pay by install
snents. This Folsom road plan IS moth
ing more nor less than an installment
method Of paying to save. and acquir-
ing to economize.