The De Soto County news. [volume] (Arcadia, Fla.) 1898-1924, 1916-10-12

'iSI ult hdllN IeusolS why the DOnu
issue should be accepted.
Now, in order that the advantages
Of a bond issue may be seen we shall
take the same district, for the sake
Of comparison, and see what will he
the cost to the tax payers in order
to have a 100000 bond issue, ana
build 100000 worth of roads, cover.
ing every part of the district with
roads that best meet the conditions
of the various communities. First a
bond issue viii provide cash within
y period Of four months. Polk county
was at work on her roads In less than
four months from the time the cleo
ton was held. Second, we can build
fifty miles IF permanent roads, thus
taking care Of practically all the
much travelled sections Of the district,
and have $4,000 left with which to
huild clay Dads and good graded
roads i'm the more unsettled sections.
Now, what will hc the annual cost Of
this splendid system? The present
annual income. Of the district for road
purposes is approximately $4,000.
An increase Of three mills will give
us an additional income Of little
more than $1,000 or a total Of S26,-
900 per anuum. The interest on the
ond issue will cost $4,000 a year,
thus leaving $1,000 year with
which to retire the bonds. Keep In
mind that the interest is not accumu-
'ating. for this is being paid annual
". Also keep In mind that every
time we pay $1,000 towards retiring
the bonds that the interest the fol-
lowing year will he on only S2So,000,
while when we pay the interest the
next succeeding year. the interest the
following year will he on only S27s,-
OO0 and so on until the complete
Ilcht is wiped cut. We made prOvis-
sion for taking care Of the whole
amount of the interest. but as you
readily see we left out too much
money to 10 this with, which can
now be used for the upkeep Of the
roads. BY paying of the bonds on
the above calculation you will see
that the entire debt will he wiped
out in n little less than twenty-seven
years. But you say there must he
provision made for the upkeep OF
these roads We have shown you that
there is a small amount saved each
wear by having the interest grow less
and less as the debt is reduced. ami
since much Of the roads will he per-
manent roads the repairing expense
will be greatly minimized. =
However. there need he no fears as
IN the upkeep fund being ample, for
4 you will take the pains to look mp
the matter you win find that the
county assessment is greatly increas
ing year by year. and with the roads
built that are contemplated In this
issue. it will he but a short period or
time when the aSsessahle value will
he double that at the present time
and Of course the income, instead Of
wing $4,000 per annum for road
purpcco- will We double this amount
o- $4,000. This may then he used
Cor making other roads. and keeping
those already made in good condi-
ton.
Now. let's 60 back and see what
all these good things will cost us.
We have shown that the interest is
taken care Of. the original debt is
taken care of. ard money left. We
lave shown why the income will he
come greater than that upon which
our calculations are based, due to IN
creased assessments. All this is done
at an increase Of a three-mlll levy
Three mills additional to what you
are now paying will cost you exactly
SO per year on each thousand dollars
of assessment, ard you have some
thing to show for 1t, against the cost
of 50 a year If you should vote upon
yourselves n special tax levy, and for
which you get practically nothing
for your money. Take your choice
THE WEATHER.
.rov;n,,,r, .e,nocrature 81