The Tucumcari news and Tucumcari times. [volume] (Tucumcari, N.M.) 1907-1921, 1915-02-04

not studied into the matter of
bond issue for good roads and
bridges" said Fred Walther, county
commissioner from the second dis
trict this week in an interview with
The News. when they are in
formed that the small sum Of fifteen
cents annually on each one hundred
dollars of taxable value will be the
entire cost to them" This will
amount to a cost Of twenty or thirty
cents on the average citizen. the
cost diminishing to the present citi-
zens as the population increases and
more and more land is improved"
The bond issue of which Mr..
Walther spoke, is that for which an
election has been called on the first
of April. The issue calls for bonds
to the amount of sixty thousand
dollars drawing five percent interest
and payable in thirty years.
IF the issue carries" said Mr..
Walther, "a levy Of but one and
one-half mill will be made which
will be sufficient" The taxable
valuation of Quay county at the
present time is 50, 500, 600. on which
81, 1913 1888, or one third taxes are
paid" At a mill and half this will
bring in the sum of $4,000 annually.
Since the interest on the bonds will
amount to $4,000. Shis will leave
each year a balance of $500 on
which the local banks pay four per-
cent for time deposits, which inter-
est compounded for thirty years,
will almost make up the difference
between the costs and the money
taken in or in other words will earn
almost five percent, which the bonds
draw. The difference will amount
to less than one half mill"
Attention was called to the fact
that land values at present are on
rock bottom and that they are sure
To increase as years pass by thus
splitting up the load which any one
must carry, further, that the pres
ence of good roads and bridges
wet ID bring into the county thous-
ands of dollars which not otherwise
would reach here.
Equal Sum For Districts
IF the bond issue carries" said
Mr.. Walther "the amount will be
divided equally among the three
commissioners districts, thus allow
ing $4,000. for roads and bridges in
the localities" Mr.. Walther was
very pronounced in this utterance,
he stating that this point had been
fully agreed on by the commission
ers.
As planned il is said that roads
will be built up the caprock south of
San Jon and at least at two addition
al points, San Jon has been urging
the first proposed road for some time
il is said but there has not been suf-
iicient funds for the purpose, Good
graded dirt roads will be construc-
ted throughout the county.
Among the bridges planned are
the one north of Nara Visa, one
west of Endee and one at Revuelto.
Bridges will be built over the Plaza
Largo and Barancos to the east and
over the Plaza Largo and Charco to
the south. To the west bridges will
be constructed at Bull canyon and
west of Montoya over the Pajarita.
All of this work will be done under
the supervision of the state engineer.
Negotiations already have been
held with the view towards building
the bridge over the Canadian at
some point near Logan. and this
matter now is only awaiting the ap-
preparation of one-quarter Of the re-
quisite amount by Union county
when the state will give a half and
Quay county the balance.
Mr.. Walther states that he finds a
great deal of enthusiasm for the
bond issue throughout the southern
portion of the county. the residents
being awake to the advantages to be
gained from the proposed improve
ments. He Is himself very enthusi-
astic over the matter and is anxious