The Dawson news. (Dawson, Ga.) 1889-current, 1913-06-10
SIs1ILL ON THE JOB
LATCH NOT A MEMBER OF
- .,ar.aTURE JOE HALL STILL
FIGHTS FOR REFORM.
Miller TO INTRODUCE HIS BILL

NOR Famous Bibb Legislator
n..fts Bill to Work Georgia Clear
nabt. He Urges That Sink
. Eund Be Created at the APP
Droaching Session.
,,.cON Ga.-Although not
.sor of the legislature for tbs
t,ma in many years Joe Hill Hall
mo- ~, No means forsaken the fight
DS a,.b he has waged consistently for
VIZ ,n, Of the states financial sys-
LIau announced yesterday that
49, uaouest Wallace Miller, one of
~ -, nou members of the legislature
NV p;hh county, would introduce
I'M 'In ~ the approaching session tim
~. ,.ino out Georgia's bonded debt
snnletely by 1886, the first step to
tOu Da,,o, when the $4,000 bonded
loneliness, falling due in 1872
Al have to be taken up.
T W. Provide for Principal 100
nrioev Mr.. Halls plan provides
-, +be issuance of bonds to wipe on
W.! W. +birtv-year securities falling due
,o15. the bill would make 1t IN
u,1an+ upon the legislature to set
/ .r- 500. 900 year during the life
tbo bonds, which will have paid
- interest and principal by the
Two of their maturity. Or, in other
a.ds IN set aside sufficient money
voar to be raised by special
~ for the purpose, to pay the IN
n 80 &c II becomes due each year,
~. ronainder as a sinking fund to
..,,o care Of the bonds when they be-
W. dre Thus when the bonds
~otrra Years hence it will not be nee
8a,sarv to issue more bonds to take
,are of them again.
Mr. Hall pointed out while discuss
mo his bill yesterday that when the
nroson+ outstanding bonds become
3no the taxpayers Of the state Will
bovo maid one hundred and twenty
"a, cont interest, with the principal
4 siII to be paid.
Mr.. Hall Explains,
urf the general assembly shoulo
.gain nrovide for an issue OF oonos
- RIM for thirty years and paying
,n+oros+ on the same at 4 per cent
=. This time as low rate of interest as
eonId he obtained" said Mr.. Hail.
+bo tax payers would in that time
,ovo maid over four million dollars
.. interest on the bonds and the
,rincina1 of the debt would remain
unpaid
"sfnce the adoption of the const1-
+rtion Of 1877 there has annually
5aon paid on the principal OF the
bonded debt of the state $1OO,OOO'
the result is that under this wise
7rovision of the constitution about
#s25OO 900 of the bonded debt OF the
state has been paid, and the interest
is annually reduced on 100000.
ITO provide for the payment OF
the debt of the state in the manner
provided in the bill would only re-
uuire an annual appropriation OF
100000. This small amount could
be paid and not felt by the taxpayers
Of the state. The reduction in the
interest of the whole of the bond
cd debt of the state would in a
few years equal the amount required
n to meet the bonds as provided for in
4 the bill.
Constitution Makes Provision.
when the constitution was adopt
ed it required that in addition to the
interest on the public debt S1OO,O0O
4 a year should be raised by taxation
to pay the principal. The taxable
value of the state was, in round num-
bers, about $3OO,0O0,000. These
values now exceed SO0,000,00O, so
j it will be observed that the burden
upon the tax payer to raise this
additional amount is not near as
4 great as it was when the amount OF
100000 year was originally re-
CURED to be raised.
No Necessity to Levy Tax.
There will be under the provis-
ions of this bill no necessity to levy
any tax to meet the principal on these
bonds before the year 1918. There is
due the state from the Northeast rail-
road 100000, which becomes due
IN 1915, and which is appropriated
by the constitution to the payment
Of the bonded debt of the stae. There
IS also in the treasury available for
the payment of the bonded debt Of
The state 100000 in the sinking
tund in excess of the amount requir-
ed each year to meet the bonds Of
'ne state falling due.
L hope the provisions "of this
Dill will commend themselves to the
good sense, patriotism and states
nanship of the general assembly"