Clinch Valley news. [volume] (Jeffersonville, Va.) 18??-2019, 1910-08-26

ANNii WI, Il.
ct, or, rather, the Citv's credit Il
good for it, r. which is the sam,
thing. New York already owes al
most countless millions.
lt may safely he said, withou
any fear of successful contradiction
that all experience proves that al
great public improvements hay,
been made on borrowed money.
1t would seem, then that thtre II
no valid, or even plausible, argu-
ment against the soundness OF the
theory OF borrowing money for pei
manent public improvements.
The next question is: Can Tnze-
we'll County carry sufficient bond
issue To ouild 100 miles of road ?
The money can be borrowed mt = per
cent on 10 and 30 year bonds, at n
substantial premium. n 5000, 600. 90
bond issue ought To sell for some
thing near $3.50, 10000. This state
ment is based upon what Mcdowell
County, West Virginia, was able to
DO with similar bonds. The annual
interest on $500. 600. 90. at per cent,
would be $50, 600 90. The 1910 assess
ment ON which road levies may he
laid will, il is believed. amount to
about SIS, 600, 600. 90. Raise the levy
10 cents on the hundred, making II
sixty cents instead of fifty, and we
Will have $50, 600. 90 per year foI
roads. This will be increased, GER
tainly by added taxes on the Indian
Creek branch of the Norfolk and
| Western and new coal mines even n
all other taxable values should re-
main stationary, which is an un-
reasonable superstition. our people
have been growing richer ami will
continue To grow richer. But on
above figures. we can pay the inter
est, provide OF sinking fund, and
still have money left To keep ur the
ronds built and the roads tributary
To them. This Increase i'm taxes
would he trivial. \ man assessed
with $50O.0O would pay Oh cents
more than he now pays, or the price
o. circus ticket.
The other plan suggested, pay
! as you so, " ignores The second and
third Of our basic, desirable, objects.
That scheme will not benefit all the
people, within reasonable time.
Suppose we build six miles per
year. Some people will be benefited
the first year, some Others the second
year, and so on, and IL will take
twenty years, almost n whole geneT-
alton, TO get the l2O miles. Some
body has TO be last. Somebody will
have 10 wait for twenty years. Some
body will have to pay taxes for
twenty years To build roads for other
people and trust them, or their child
rem, To build roads for the children
Of those who have unsellishlY paid
these taxes for the twenty years.
Another very practical thing, based
upon human nature, has To be taken
into consderation-as soon rs IA
neig bhoIhood or community has its
good road, It's ardor i'm the cause will
cool, its interest will wane and soon
there Will be murmurinR against
paying taxes To continue the work
In other communities.
If we can all get something at
the same time, we will all be will
ing To pay taxes alike.
l. a Il. =.
impossible TO get labor To build 100
miles in reasonable time. That is
equivalent to saying that no other
railroads will ever be built and
work on the Panama Canal will
have To stop. AS matter OF fact,
all experience of the business world
has shown that big jobs attract big
contractors, with first class equip
ment, who can do the work more
economically and better than is pos
sible for smaller men.
After all, what makes life worth
living? Is 1t not To make our SO.
journ here as pleasant and profitable
to ourselves and others as possible
What magnificent country We
would have, il we could only trave
over it. Our schools, our churches
our social life would all be quicken
ed into new life. No more would W.
hear the remark stranger not Ions
ago made about one OF the pretties
and most fertile parts of the county
1T is the most beautiful place
ever saw, but l never want TO Sc,
1t again."
Let us get broader view of life
: OF our duty to our community anC
to our fellow men. Let us do thi
work for all the people, not n few
and do IL now. We can If we will
and, when 1t is done, the sun in al
his course will not look down upol
! more prosperous and happy PEG
pie, and certainly they will live il
the fairest spot In all the earth.