Union County courier. [volume] (Elk Point, Union County, D.T. [S.D.]) 187?-1913, 1911-07-13

give exact figures ana have q eaM@Sss6
example. n will be nepqpaavy. % taAe
. typical farm in some pertion ef the
central west. and &pply tho two nlamn
to that farm. An the Nguree are ut
hand, the writer. aelacta "a average
farm In the Germ belt o. Flltm@am,
There Ii no reason wAy thaa farm
should b taken IN rre6srskce to 1
farm in any other states axpepk Tat
more complete data In at hand, hence
1t viii be used The same plan will
apply with slight variatioRa % ether
farms In ether states the ewnsrs Of
which, by getting the assessed vaIua-
ton Of their township and state. can
figure out and ascertain each for. him
self tust what the erect wi1l be upoA
his farm.
The assessed valuation Of an aver.
age 1e0 acre farm II the corn belt ~
Illinois 10 about sa,Oaa Suppose the
township, OF witch thia IN . part. has
an assessed valuation Of. say. $500.
900 and is out Of debt. BY the old
plan. suppose there 10 en- annual tar
levy for ten years Of 90 Cente on enc
hundred dollars. This win proda0e
$500 per year. and In ten yeRra- viii
total $4,000 This money svent un.
der average local conditions means
that about half of it will be wasted
and the farm in question will hare 70
pay each year sixty ceats ON thirty
hundred dollars or ets.eo per year.
The net result OF this expenditure
viii be the paying out Of 81. goo du.
ring ten years, and probably viii pro.
duce not much over $4,000 worth 81
roads at what they ought 70 coat
Suppose the new plan IL adopted. w
issuing bonds to the full constitutional
limit Of s per cent paying tho same
OF In installmenta spread ovar TWEEN,
ty years, and letting the Asxt genera.
ton. who will use the roads, help 70
pay for them. The bond limit on tha
township In question is ssep00. Of
which exactly a1SO.O0 rests upoh tht
farm In question, to DO paid on one
twentieth each year. or $3.50 on Nc
count Of principal each year FOR
twenty years Interest or course viii
be paid annually. but win decrease AZ
the bonds are paid OF, Tho arut years
interest will Be per cent on sl60.NO
or $3.50. Add s7.Se on account Of
principal and the fret years paymen,
on this farm for good roads ~ si5 90
The tenth year one-hAlf OF the bends
will be paid on. and tho interest wifi
drop 20 s9.TE, 30 that that year the
tax viii be sI126. The last years
payment will be $3.50 ON account Of
principal and SO cents on account
OF interest. making ! total OF s7.ss
Thirty thousand dollars Of bond To-
sue win build FAR more and far bet
ter roads on : general contract. thar
$4,000 spent in ten years On patch
work plan, and the cost to the tan
payer will be considerably less A.
well.
Now. let us suppose that IllinSiu
had, as II surely nesds. an np.ta.date
state aid law, whereby one-haIf the
amount required fer building pefma
nent reads should he paid from q
state tax levy, II this condition OBJ
tanned. then the township I'm question
could after raising $4,000, draw $50,
600 more from the state, and expent
$4,000 upon highways in their towm
ship. In Illinois less than one-thir6
the property Of the state IL represent.
ed by farms. 30 the state tan viii ba
spread over an immeasurabIy greater
amount Of property. A tar Of ten
cents on one hundred dollars for the
state. will produce nearly sa.B0e,eee 4
year, and the. state az tar upon tn
farm in question VIII be $500 per yeal
in order to raiss this aecoad $50 900
This state tax would add $500 to the
tax bill OF the farm In question, 40 the
maximum amount per year. II eeO.0Oc
were expended upon the roads Of the
township would DO 1880 per year
less than IL cents per acre per year,
and take II for series Of years, any.
one who can figure MI ell. will see that
the cost u that community, spread
over . series Of years, viii be even
less under the bond contract plan, and
that they can get. By, the new plan,
about three times ks much road a.
they would upon the old. I'm handlina
road building IN this BIG way 1t Win
give an early and practical solution u
the good roads probes. vastly bettea
and more effective than to pass the
hat. get MP an entsrtainment ana
wear oneself out To raise the men@,