The Ocala banner. (Ocala, Marion County, Fla.) 1883-194?, 1912-06-14

more, and as one | am ready to con-
| tribute to fund, said fund to be rails
! ed for the purpose of fostering bond
| issue movement, and to be used to
tell the people why it is for the ben
eft of all, and to have vote taken
| on same at the r4oxt general election
! to find out if the majority is for or
against a bond issue. If the PROPOSE
ton is put to the people right | am
sure they will be for It, and | believe
also that Mr.. Bitch will get out and
work for it,
While the writer did not first see
/ daylight in Marion county, he expects
| to spend the balance of his days here,
hence is for Marion county, first, last
and all the time, and believes he can
show the ''from Missouri folks by
facts and figures that bond issue
is the proper thing for Marion county.
Some of the advantages that ac-
crue from long term bond issue are
as follows:
The bonds as rule are sold TO
large bond houses in New York, Chi
cago, Boston or elsewhere, and Ma
rion county bonds should sell at a
premium, therefore a million dollar
bond issue, with the bonds maturing
in thirty years, would put a million
dollars in circulation in Marion coun-
| ty within two years, that has never
been here before.
This money the people of Marion
county get within two years, for the
money will all be spent here at home,
and they will have thirty years to pay
it back in, and they should not forget
that this money can be borrowed at
5 per cent. rate of interest or less,
while we are now paying for local
money per cent. as county, and
from 8 to 10 as individuals.
Why not borrow cheap money,
spend it at home on home improve
ments, thereby creating higher val
ue for what we have and own here.
The agricultural products of Ma
rion county for the year 1911 were
valued at $4,5OO,O0O, about one-fif-
teenth of the estimated value of all
produced in the state. Suppose the
average Marion county farmer lives
six miles from the point where he
sells his products, and that the av-
erage load he can haul over the pres
ent roads is 1900 pounds; or, we will
say, fifty bushels of oats or three
bales of cotton; and it will take him
practically one day to haul this one
load. At the going rate his team and
time is worth 81 per day. He must
figure, then, that it has cost him s
cents per bushel to deliver his oats,
or $1.33 for each bale of cotton to his
shipping or selling point.
Suppose this farmer has a good
hard road to haul his products over
and could double his load to 100 bush
els of oats or six bales of cotton, he
would be cutting his marketing ex-
pense in half. If he markets 5000
bushels of oats each year or six bales
of cotton, he would save $120 per
year, or $1,000 in ten years, and $4,000
in twenty years, and $4,000 in thirty
years. That is six per cent. interest
each year on $4,000. If the total cost
to the farmer of thirty year bond
issue was 5000 for his proportion of
the same, the saving would earn him
return of 60 per cent. each year.
The farmers time is worth as much
as anothers, therefore these figuEes
cannot be disputed, unless the farmer
considers his time not worth any
thing, and the man who considers his
time not worth anything is going to
get nothing for it.
A million dollar bond issue, cover
ing period of thirty years, at a low