Idaho County free press. [volume] (Grangeville, Idaho Territory) 1886-current, 1911-10-12

est and to the best advantage the
county should issue bonds in order to
secure the necessary funds.
II Is fair and equitable arrangement
tnat future generations should pay for
a portion of the improvements Of our
pubic roads. as they derive as great a
benefit as the present generation Too
many have an idea that to bond their
county will mean very large increase
In their taxes without their deriving
any material benefits from their ex.
penditures. not realizing that the in
crease In the value of property and the
decrease in the cost of the maintenance
OF the roads and the wear and tear
on horses. wagons and harness is so
much money saved.
The issuing Of bonds makes avail
able funds In sufficient quantity to
render possible the accomplishment Of
definite and desirable results.
They give almost Immediately the
benefit of good roads, while the pay
ment for them is deferred for many
years until the county has progressed
In material wealth to enable 1t to pay
the bonds without unnecessary incon
venience
They obviate the necessity for a high
road tax while accomplishing the re-
suits for which such tax would be
levied.
Let us consider briefly what $780,,
600 bond issue would cost county:
In the first place. believe the bonds
could be sold as bearing ~ per cent in
terest This will mean that the interest
on the issue of 800. 900 will be s45o0 per
annum 1t will also be necessary to put
by sinking fund to take care OF these
bonds on maturity. Such sum as is nee
essary can be put by each year at S per
cent interest and at the end Of forty years
will cover the bond issue. The amount
that 1t will be necessary to put aside each
year for this purpose will be 1888. This
makes total Of S. 1873 that a county will
have to raise each year to take care of
this bond ISSUE This amount will not be
as much as 1t would be necessary to raise
by a high tax. IS cents to 80 cents. which
some counties have levied in providing
the money for road construction. Sup
pose the assessed property valuation is
100000, a tax of only 20 cents on the
800 would yield $4,000 annually which
! would be sufficient to pay the interest on
the bonds. create a sinking fund and
leave enough money. s10500, for the main
.enance of the improved road and to keep
in repair the roads in the county that are
not being permanently improved
This twenty cent tax is a small tax
Cor good roads work and II this tax
vas levied without bend issue it would
usually al be spent In maintenance
vt the roads without permanently i'm
aroving any of them
If a county or a township decides to
~ and raise the necessary revenue
for good roads construction by a direct
tax on the 500 worth of property II
would require an exceedingly high tax
to accomplish the desired result. unless
there was situated in the county 6
large city whose accumulated wealth
could be taxed for good road work II
the county Counties situated in thi:
way could probably raise revenue
. sufficient to construct improved road
throughout the county with a tax no
running over so cents on the $40
worth of property. The counties. how
ever. without large cities or town
should issue bonds for good roads con
struction.