The citizen. [volume] (Berea, Ky.) 1899-1958, 1911-04-06
give exact figures and have a concrete

give exact figures and have a concrete
example. II win be necessary to take
a typical farm In some portion OF the
central west, and apply the two plans
TO that farm. As the figures are al
hand. the writer, selects an average
farm in the corn belt OF Illinois.
There Ia 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 yalua-
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, $780,.
900 and Is out OF debt. BY the old
plan. suppose there is an annual tar
levy for ten years OF 60 cents on one
hundred dollars. This will produce
50 1900 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 10
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 s36, 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
on in installments spread over TWEEN
ty years. and letting the next genera
tion. who will use the roads. help to
pay for them. The bond limi. on the
township In question is 100000. Of
which exactly $4,000 rests upon the
farm In question. to be paid of one
twentieth each year. or $3.50 on &C.
! count OF principal each year for
twenty years. Interest OF course will
be paid annually. but will decrease as
the bonds are paid Off The first years
interest will be per cent on $4,000.
or $3.50 Add $3.50 on account OF
principal. and the first years payment
on this farm for good roads is $500.
The tenth year one-half of the bonds
will be paid OF. and the interest will
drop 10 1915. so that that year the
tax will be SLIPS. The last years
payment will be $3.50 on account Of
principal and IS cents on account
OF interest. making a total OF s7sS.
Thirty thousand dollars of bond is.
sue will build far more and far bet
ter roads on a general contract, than
$4,000 spent In ten years on a patch
work plan. and the cost TO the tax
payer will be considerably less as
we'll
Now, let US suppose that Illinois
had. as II surely needs. an up-to-date
| state aid law. whereby one-half the
| amount required for building perma.
nent roads should be paid from a
| state tax levy II this condition OBJ.
| tanned, then the township in question
could after raising 100000. draw $50.
900 more from the state. and expend
$50. 900 upon highways in their town.
ship In Illinois less than onethird
| the property OF the state is represent
cd by farms, so the state tax will be
spread over an immeasurably greater
amount OF property. A tax of ten
cents on one hundred dollars for the
state. will produce nearly $2.500,000 a
| year. and the state aid tax upon the
farm In question will be $500 per year
| in order to raise the second $4,000
| This state tax would add $500 to the
tax bill OF the farm in question. so the
maximum amount per year. II $50, 900
were expended upon the roads OF the
township would be $500 per year
less than IL cents per acre per year,
and take II for a series OF years, any.
one who can figure at all. will see that
the cost TO that community, spread
over a series OF years. will be even
less under the bond contract plan and
that they can get. by the new plan.
about three times as much road as
they would upon the old. In handling
| road building In this big way. Il will
give an early and practical solution OF
the good roads problem. vastly better
and more effective than to pass the
hat. get mp an entertainment and
wear oneself out TO raise the money