Sharp County record., 1914-08-28

/ tOr N3ALAtYlA oE CtJlEAS G FEyeHs
Five or six doses will break any case, and
If taken then 40 tonic the Fever will not
retura. It acts on the liver better than
Calorlel and does not Gripe oE sicken. Csc
towns in other states, under avs SIM
liar to that proposed by the present
amendment, are able to obtain mon
ey by the issuance Of long term bonds
at very low rates, namely, q per cehV'
1-2 per cent, 5 per cent or 3 per
cent, whereas, Arkansas cities ana
towns now desiring money for two,
three or four years, are forced 10 pay
eight per cent per annum, or more.
SupDose the aggregate indebtedness
Of the state and towns of the state
of Arkansas was being carried at 4,
70, ) or 6 per cent, instead OF the
+ rates which cities and towns are now
forced to pay for accommodation' Fig
ure for yourself the saving there
would be to the people in the amount
Of interest per thousand dollars, by
figuring the difference in the rates,
and multiply that amount by the num-
Der Of thousands Of dollars which the
people Of your community now owe,
or have been forced to owe, during
the past ten years.
As the constitution is now no city
or town can issue interest bearing
evidences Of indebtedness. Arkansas
cities and towns, by general consent
in order to make public improve
ments, for years have made a prac-
flee Of issuing warrants, properly
drawn, and approved in every way as
REQUIRED by law these warrants ma
turing from one to five or six years in
the future.
Under the present law these war
rants cannot bear interest, either
from Gate or after maturity. There
fore such warrant for one thou
sand dollars maturing in five years,
would be discounted by the bank at
n rate Of interest OF 8 per cent per
annum or higher. No criticism OF
the banker can properly he made, for
the reason that the warrant cannot
bear interest, and therefore Is not
considered rirst.class banliable paper
A municipality issuing such a warrant
would receive in cash, under the law
rs II Is at present, only six hundred
dollars, or less, end that amount, and
not ono thousand dollars, would be
the amount which would be left for
use hv the citv' where's, Il the mu'
nicIpality could isgro an interest bear
inc certificate of indebtedness, bear
ing say per cent interest, the city
would receive the full amount OF one
thousand dolrrs In cash, but would
not pay the interest Of $1,000 each
wear until arlcr tho city had used the
rnrcv FOR that year,
In short, the noas'oo Of nroOoscd
Amendment No, "A viii enohle Arkon
ens munlclpNltie9 to obtain the ps'
o. ncreV ~ about eNeahalf the pres
ent ratos Of interest, rs well as tc
mako unuocceeGry the payment Of IN
forest In advance, AZ Is now done
ror oyampo, under the law as II Is
nj rrofcut, an Arkansas city or town
which IspueB n warrant for one thou
sand dollars, due IN five years, would
receive at lhe most only 100000 cash
md would be forced TO suffer the de-
ductIon Of the sum OF $4,000 from the
face Of the warrant az interest fol
five wears charged for the use Of the
100000, Four hundred dollars inter
cat for the use Of siT hundred dollars
for five years would odual, on The
somo bnps tho gum Of SGGG,G6 inter
cat on 100000 for five years
on the other hand, when proposed
Amendment Ne "A he's been passed,
municipality, by tho sale OF low in
tcrcat hoNrIng hoGd FOR that amount
could realize &l0oo00 cash, and IN
ter my annually tho aum Of S6O,ol
for nlewft or s2600o interest IN jh'
five yearB, The difference betweet
s66e,G6 and $4,000, or SliG,GG, repro
sents the nmcuit per thousand dollars
which The present law places 40
burdon on ArESnsas otIes sad towns
and thIa Is enc Of The burdens whIsl
npop3sed Amendment No. "A Will 70
move,
Tho ndop lon OF tho Fond lseu'
( Amendment win materially aid th'
development and Advancement o
ArNanapa, by making ID possible 70
( tho cities and towns to make need
I ed publIo improvements A vote 70
thla amendment In n yoc for pros
reaa and for q Better and Create