The Birmingham age-herald., 1915-07-27
K|LbY WANTS MORE TIME ID DECIDE ON NEED OF BOND ISSUE Says Talk of Organized Fight on Governor on
 Question Is "Veriest
 Nonsense"

Anniston. July 26.-(speoial )-when asked to express his attitude toward the administration bond issue of S1- b0G,o00 before returning to Montgom cry this afternoon, Lieut.. Gov Thomas 1s. Kilby of this city stated that he had undergone no change of mind in that particular.
 My attitude in regard to the bond Issue has always been one of watch sul, thoughtful waiting. waiting for the Fesult of the recess committee inves- figations,' said Governor kilby and } should not make positive declar- ation for against the issue until D am assured of what disposition the Legislature will make of the revenue, Taxation, Judiciary reform and other lretrenchment measures recommended by the legislative recess committees.
 "I have never been able to see the wisdom of committing the state to the policy of creating bonded debt until ithe legislature has had an opportunity 10 carefully consider the report of the recess finance committee and deter mine the actual necessities of the case A private business that had gone to the expense of making. through committee of stockholders or directors R thorough investigation of its con dltion, would most assuredly give some thought and consideration to the re- port and recommendations of the in- Nestigators before voting mortgage debt on the business. Why should not the same business principles be applied 10 the affairs of the state?
 "If, after the legislature finally ad- 5ourns, l believe that the state s finances can be so adjusted as to make The bond issue an unwise or less eX- pedient than short term notes, l shall ,iaturally oppose 1t. Otherwise it will meet with my favor. In this connec- tion, l beg to state that I have been inclined to favor the short term note plan of meeting the states obligations instead of a bond issue, as 1 am op- posed to saddling permanent debt on the state if if can be avoided, and it ts a fact undenied that bonds are sell oom, If ever, paid. l have satisfied my self, l will say furthermore that the notes can be handled in the financial market as easily. if not easier, than the bonds, as the most far sighted fnanciers of today are readjusting their business to meet conditions brought on by the European war and the uncertain status of securities held abroad. Due to this fact, they are mak- ing as few long-term investments as practicable.
 As far as an organized fight on the governor in regard to this opposition to the bonds are concerned, l consider talk of this kind the veriest nonsense. The alignment on the bond issue has been purely one of personal opinion. IL shows that the present legislature is not composed of one idea men, but that the members of the body are in dependent, untrammelled lawmakers. 1 have attended several conferences since the bond issue was proposed and not once have l heard it. discussed in an assembly of this kind. There was no organization against 1t, nor any at tempt made 10 create one. and each individual, senator and representative, sc far as I know, was free to vote as he pleased when the question came to final test.
 'I have never heard 1t claimed that the prohibition majority would stand together on all questions, but I do hold that the majority will continue unbroken on that question and I be- 1ieve that the work of the recess com mittee will be sustained as a whole.