Lincoln County times. (Jerome, Idaho) 1911-1919, 1911-07-06

give exact figures and have a concrete
example. II will DO necessary to take
typical farm in some portion of ths
central west. and apply the two plant
to that farm. AS the figures are al
hand. the writer. selects an average
farm In the corn belt of Illinois
There Is no reason why this farm
should be taken in preference to
farm In any other state, except that
more complete data is at hand, hence
II will be used The same plan will
apply with slight variations to other
farms in other states, the owners OF
which, by getting The assessed valua.
ton Of their township and state. can
figure out and ascertain each for him
self Just what the effect will be upon
his farm.
The assessed valuation OF an aver
age 100 acre farm in the corn belt OF
Illinois Is about $4,000. Suppose the
township of which this is a part, has
an assessed valuation Of say, $500.
600 and is out of debt BY the old
plan, suppose there is an annual tax
| ltNg lOl ltl ltdlb Vi DD GENUS OH OIt
hundred dollars This will produce
$4,000 per year and in ten years will
total $4,000. This money spent un.
der average local conditions means
that about half of II will be wasted,
and the farm in question will have to
pay each year sixty cents on thirty
hundred dollars or $500 per year
The net result OF this expenditure
will be the paying out OF $50, 900 du.
ring ten years. and probably will pro
duce not much over $4,000 worth OF
roads at what they ought to cost.
Suppose the new plan is adopted. by
Issuing bonds to the full constitutional
limit OF per cent, paying the same
of in instalments spread over TWEEN
ty years. and letting the next genera
ton, who will use the roads, help to
pay for them. The bond limit on the
township in question is $4,000. oil
which exactly $4,000 rests upon tn,
farm in question. TO be paid of one
twentieth each year, or $3.50 on &C
count OF principal each year FOL
twenty years. Interest OF course will
be paid annually. but will decrease a.
the bonds are paid on The first years
interest will be per cent on $4,000
or $3.50. Add $3.50 on account o
principal and the first years paymen
on this farm for good roads is $500
The tenth year one-half OF the bonds
will be paid off. and the interest will
drop 10 1915. so that that year thu
tax will be Slips. The last year.
payment will be $3.50 on account o
principal and 3S cents on accoun
of interest. making a total OF s7.SS.
Thirty thousand dollars of bond Is
sue will build far more and far bet
ter roads on a general contract, thai
$4,000 spent in ten years on a patel
work plan and the cost to the Ia,
payer win be considerably less a
we'll
Now. let us suppose that nlinoi
had. as It surely needs. an up-to-dat
state aid law. whereby one-half tn
J amount required for building perma
nent roads should be paid from
y state tax levy. II this condition oil
tanned. then the township in questio
could after raising 100000, draw $50
:, 600 more from the state. and expen
: s600t0 upon highways in their tow
. ship In Illinois less than one-thir
the property OF the state is represen
Z ed by farms. so the state tax will b
, s2read over an immeasurably create
u amount OF property. A tax of te
Il cents on one hundred dollars for III
state, will produce nearly s2.500000
u year. and the state aid tax upon N
( farm in question will be $500 per yes
S I'm order to raise the second $4,000
II This state tax would add $500 to II
tax bill of the farm In question so Il
IS maximum amount per year. II $4,000
e were expended upon the roads OF II
r township would be $500 per year
a less than - cents per acre per yea
II and take il for a series OF years. an
lie one who can figure al all. will see thi
y the cost to that community. spree
y over series OF years. will be eve
p that they can get. by the new pla
y about three times as much road
d. they would upon the old. In handlir
n road building in this big way. II VI
lie give an early and practical solution
.r the good roads problem. vastly bett
and more effective than TO pass Il
| hat. get up an entertainment al
| wear oneself out to raise the mon,
| 10 build a little hit of road