The Richfield recorder. (Richfield, Idaho) 1909-1931, 1912-11-28

Ihe onIlueuI seems 10 US gen
eral. if not universal, here on the
Richfield tract, that the time has
come tc bend the district for the
prpose of building better roads.
Two bond buying houses have re
Gently sent their representatives to
Richfield, anxious to buy the road
price would bring the interest rate
district bends at good price. This
not much above per cent for an
issue of bonds that would coevr all
the necessities cf the district---essi-
mated at possibly $4,000.
Now, don't anybody get scared at
the prospect Of paying interest on
that sum, until we go yer the case
little
The interest On $4,000 at, say
s IL per cent, would be $2750 per
year. We shall pay in that much
road an bridge tax under the regu-
lar system. TIC borrow enough on
long time bonds so that the annual
bend interest equals this annual tax,
actually gives the district the per-
petual use of $4,000 free. 1t is
true. it is still a debt, but 1t can
be refunded year after year, so
that as long as time lasts there need
be nothing paid but the interest,
which just equals the annual tax. 1t
is a clear gift of the use of all thd
money from the sale of thebonds.
There are some who object to
saddling this debt upon posterity.
Pcsterity will be far better able to
pay it if the people now living here,
and who will be the ancestors of all
the posterity there is. are made
little more prosperous right now. 1t
that the pioneers. the red-blooded
is the history cf most new countries
hardships that they are either work
ed or starved into mediOcrity or
worse, or that they have to leave
ditions are present here today, in
a greater or less degree all over this
part of Idaho--nowhere more than
here en- the Richfield tract Mo-
few of the very best people here
will fin it hard to stand it through
another year, unless some outside
money is let loose here in some
way. And when they go, they leave
If the dis trict were to borrow
this $4,000 an expend it on good
roads here at home, making roads
tn at invite capital to invest in farms
and that make every farm more
cost of marketing all produce and
saving the time of those who trav-
ell. this money would go at once
into the hands of the farmers and
workers here who would do the
work. There is many a farmer on
the tract to whom the opportunity
TO earn 500 to 5000 in cash, work
ng here at home, would carry him
to the point where his
arm would pay Most of the farm
ers have several hundred, OF sew
eral thousan dollars invested on
heir farms---and scores of them are
n need of just this little cflsh to
,ull them through. If the country
S going to pay as much for ord
nary taxes as it woul in interest
nary taxes as it would in interest
or big road lean, and is g ding to
ave no roads to help the farmers
aake and save their mon ey when ;
auling their crops o tr aveling on
usinesss. it would be t~ettei. than
new crops of farm buyers,
. get read loan and build the
cads we must finally have, nd en-
10y these local men who ne ed the
Dads now, and their use wilt more
ian pay the interest We an at
act buyers because OF the good
pads; that is worth the &C st in
lterest. We can give empl' ,yment
, the hard working settlers who
ave made the country what it is
ad help them to pull through the
ardest period of their lives. And
II IL doeSn I cOSI amy more IHan
Le ordinary taxes!
1t is understood that the hi:yhw ay
BARD is to meet shortly, to discuss
e matter of calling a bond cleo
On so that the election can be
I'D this winter and the plans made
r the improvements and the bonds
Id ready fer work in the early q
ring. 1t would be the dea OF
e board to see that prefer ence De b