The daily Gate City and constitution-Democrat. (Keokuk, Iowa) 1916-1922, 1916-07-08
INSTALL PLAN
To IMPROVE ROADS
This 10 What the Greater Iowa Assoc
citation Explains Is Its Position
in the Bond Propo-
sition.
TO GET HIGHWAYS NOW
"Pay as We Co." Is the Slogan for
This Plan Of Road Building, Ac-
eording to OFFICIAL
Statement.

cording to Official
Statement.
The average business man. wheth-
err he is farmer OF Observation-Disclosures
he lives on rural routes or in cities
or towns, knows very little about
bonds The word bond" is quite
common among the bankers, but 1t
is a word about which the rest OF US
know very little, statement from
the Greater Iowa association explains.
| And, when it was suggested by the
| Greater Iowa association last August
| that the right be given to counties,
! townships, or special road districts to
issue bonds" for grading and drain
ing the roads, and building concrete
| bridges and culyerts, and for sur
facing roads, It was natural there
should be on the part OF these bust
ness men fear that something was
proposed that would increase taxes
or place a heavy debt upon genera
tons that are to come after us.
II the Greater Iowa association had
used the expression that Is 80 COM
mon with merchants and the rest OF
us, there would have been no mis-
understanding. II it had been pro
posed that Iowa build permanent
bridges and culverts and fix up her
roads at once and pay ION the In
stallment plan." everyone would have
understood. and the road question
would not have been a political issue,
as it is today.
There are times when a man Nv-
ing in the city or In the country de-
,cides that his business needs demand
new MATERIAL merchant decides to
lay in a large stock OF goods. Or a
farmer desires to make Improvements
upon his property or put In some ad-
ditional farm machinery. In many
cases the ready cash is not available
with which to make purchases. But,
if the mans credit is good, and Il he
is in the habit OF making reason
able profit out of his business, he Is
enabled to go to the business house
that supplies his necessities and buy
the goods and get possession immed-
iately-and pay for them ION the in
stallment plan" No one factor has
been more potent in the development
of our modern merchandising than
the "installment plan" Of payments.
The InstaIlment Plan.
There are times when a business
man in the city, or ON the farm de-
sires to make an extraordinarily large
expenditure for some needed purpose.
A farmer may desire to buy the farm
adjoining, or, his buildings may have
been all destroyed by fire and he
finds it necessary to build at once.
A manufacturer finds his business is
developing at an encouraging rate
and he must have a new building. In
both of these cases the farmer or the
manufacturer finds it necessary to
borrow money in order to enjoy the
improvement at once. He goes to the
banker, explains his case. gets the
money and promises to pay 'on the
| installment plan"
Where would we have been in this
country; what progress would we
| have made, II we had been compelled
to build our railroads, our steamship
lines, our telegraphs, our telephones
and our great industries, II We had
not have been permitted to borrow
money from those who had 1t to lend,
make the improvements at once
and pay for them ION the instaHment
plan?"
The Safe Investment.
The safest investment in all these
United States, and one of the safest
in the world, is a United States
bond" The most conservative and
careful owner Of money, who regards
safety as absolutely the first neces-
sity in making investments, buys
United States bonds. Many farmers
in Iowa have locked UP in their strong
boxes, school bonds, county bonds, or
United States bonds. A bond is
merely a promise to pay ION the In
stallment plan The Greater Iowa
association Is urging the people OF
the state to support the members OF
the next legislature to the end that
a law may be passed, giving to the
counties, townships, and especially
created road districts, the right, il the
voters so desire, to build roads and
bridges at once and to make the
work permanent-and pay for it ''or
the installment PLAN
Here and there comes a demand
from some business man in the city
or country that we pay as We CO.
He means by that to oppose the bond
ing idea, but he has put the cart be
fore the horse. What he reall!
means to insist on Is, that we "gt
as we pay" Senator Berry, of In
dianola, addressed one of the tax
payers league meetings not long agt
and used as his text: Pay as we go.
: The suggestion of the Greater low,
association that the counties ant
{ townships be given the right to issu.
| bonds means exactly that Eve pay a
2 we go"-but we get the roads ant
2 bridges now IF we continue to 'g'
: as we pay" it will take most of tn
: counties of Iowa seventy-five year
to grade and drain their county high
ways, and goodness knows how lon
to drain and grade the rest of thei
r roads; it will take them from fort
r to one hundred and forty years t
r build concrete bridges and culYerts.