The Robesonian. [volume] (Lumberton, N.C.) 1870-current, 1917-03-26
SENATOR COUGH OPPOSES
HIS BOND ISSUE BILL
He Strongly Advocates Adoption of
the Clark Bill Plan
ELECTION MAY 8

ELECTION MAY
Money May be Borrowed Under This
Plan at Per Cent and Will Never
Have to be Paid Back-Two Elec-
/ lions Necessary
The following was sent to The Rob- =
esonlan for publication in last Thurs =
days issue but was received too late =
and had to be held over for today's '
paper.
To the Citizens of Robson County:
In no letter have I asked you to :
vote for the bond issue. I passed :
the bill making it possible for you
to get funds which with the proper
administration of the law would
guarantee good roads in every town.
possible to build roads without mon
ey. l had been under the impress
sion that we could sell our bonds I'M
der the Clark bill though we might
vote them at another election. This,
4 however, is not the case. On Mon
4 day I was in Raleigh and took the
4 matter up with the Attorney Gener-
4 al. The conditions are as follows and
no change can be made:
The Clark bill provides that upon
3 the petition of rs per cent of the vot-
ers, based on the last general cleo
4 ton, the commissioners shall call an
a election to be held the second Tues
81 day in May; that for this election
a registration books shall be opened on
u the 9Th day of April. If the electionl
r from the State the sum of eighty
thousand dollars per year for six
years, making total Of $480,000.
= For this, all we have to pay will be
q the interest at the rate of per cent,
n this to be stopped at the end of Al
years. 1t this State is successful in
selling its bonds in the same sum as
our issue, at an interest bearing
rate of 3 IL per cent our bonds
would be paid in full in 80 years. l
am informed by the State officers
that at the present time State bonds
could be sold at par on a 1-2 pei
cent basis.
So you can see why I advocate the
- Clark bill instead Of my own.
saves US the principal, or s48O,O0O
. if we should use that much
- Now l want to advise our peopl
to vote for this measure. 1t will re
duce our road taxes, because we vii
not have to provide a sinking fun
to care for the bonds. The interes
at 5 per cent creates it's own sinkin
fund and pays the debt, We simpl
l paying interest for the term of nc
I exceeding Al years.
Now it will be necessary to hol
two elections, but this will be wort
while when you save four hundre
and eighty thousand dollars. Tt
road law requires that you elect yol
board of road commissioners on tt
first Tuesday in May, while Il
above bond election must be held Il
second Tuesday. I suggest your S
have no suggestion to make. Al
personal interest to crafty All
want is good roads and at the We
best advantage for our people as
whole.
The road law is absolutely ia
Every township will have to recei
it's proportionate part Of the funt
based on it's property valuatio
Nothing can be more fair. I belle
were nothing said, under exist
conditions, every township would E
a square deal, but you have the =:
Letting of your officials. Every
trict has good men. They will ser
If you do not like the road law
.- you find it does not prove satisf
. tory, you can change 1t IN TWO We;
and at that time you will have
pended only one-third of your loa
- / am sure there has never beer
y time in the history Of any State WI
G money for road building was av;
"A & able on such terms; that is, you
y it and never have to pay it back. "
B can vote against a proposition of
kind? I desire now to ask that !
u vote the issue. Petitions for
49, & election will be circulated at or
o AZ Election for commissioners first Tu
W day in May, for road funds the s
If y ond Tuesday. At the recent sess
Of the General Assembly near ev
& county in the State provided in sc
Il way for good roads. I was
70 Monday all are changing to the CT
y bill plan.
y Very truly,
& FRANK GOU'
q Lumberton, N. C.
n ~ March Fl, 1917.