The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1919-04-17
OPPOSITION ARGUMENT FAILS

VNu'oFS note! The following
refutadons OF the arguments of the
3opponents to the fifty-millon-dollar
good roads bond issue, are compiled
after careful study OF Senate Joint
- Resolution No, 10 under which the
his will be submitted MAY 6.
: LIZ representatives of the oppo-
= "ents were made in an editorial
published in the Daily Oklahoman,
~ April 15l.
~ The s50.O0O,O0O road bond issue
'fill draw total Of S24,s4O, 900 inter.
est making the total amount which
must be raised by taxation s74,S4O. 900.
These figures are nearly a million
dollars too high to be exact 1927, 500,
but in round numbers s24, 900 GOO is
substantially correct. There is, how
ever a twist Of words in the last por-
lion of the statement that is intended
10 mslead: making the total amount
which must be raised by taxation, $74.-
100000 This leaves the inference
tnat the money is 10 be raised by di.
rect taxation, an ad valorem tax upon
real estate and personal property. The
proposed amendment specifically pro-
NideS that two.thirds of the revenue
from the license tax on motordriven
vehicles, twothlrds of the gross pro.
duction tax on oil, gas and minerals
ana the income tax shall be placed in
the general revenue fund. The conser-
Ndtive estimates of the increase i'm the
number Of auto driven vehicles that
viii be registered under the new law
effective January /, together with the
present million dollars that is the states
Snare Of the gross production tax will
be sufficient TO retire the bonds and
pay the interest with a balance re.
naming to be turned into the general
revenue fund. The bonds are TO be re-
tired at the rate of $1,000 600 a year
ana the apex of the interest charge will.
he @lN90,OO0 and conservative estl.
mates of the revenue from the taxes
c!ted are in excess of this amount. AZ.
ter reaching the figure named. 81. $50
600, the interest charge decreases AT
,he rate Of 100000 a year notwith.
standing recent claim that the state
VIII pay $2,OOO,0OO in interest each and
every year. The same revenue that is
now being spent by the state on dirt
i,,., 0'''' '"e 'oUuS' pay JHe
''''" '"' Il i'o"'E u''N To the
,.,,,'', -,','e ~ ''' cou"ueS WI" lose
...,'.''i '''N" present snare Oh III"
but i'm fact will receive more than they
I,,f,...., ,,,,.,,' ,,''' ''''' van W u' ' III
,,,.,..,,..i,,',- ,0','''' ,'"E Io'"S' ana
~ ns ne 'o''09 'tI' ''"H nu'Il.
h,-J. .n1 NV ',,pi. "pp- oN''''''g 80 ''Vo0'VVv~oI
..,..'. o'''' 7'A'S seven
,b, ...,...,. ,a,.., 80, - W ~ spent pE .
o''' commission ana the other
+.r,s, 40 p'''' o"' !" III
,r.f. ..,.,.,.....
,,,'.. ...,,,t.,.,', 80 ''S,' upon 'he IIS'
.,f,,. ha,,.i.. ~ '' 'VP'vsen'"'
,.ro,.i,,,,,,I,. ''r" OILY 'p' .
4, ran.a,'o,. ',tgt'' ''' inference IS
cnr. onI,. 80 ','"' ,"e people VIII Sc
Ifroi ~ ,ho ,t."I p,, egI'I VI '"' roauS out
tor,.. ,,,,,, i''o'o''" ,''''e''o''ie"'' IN
and i,is ,.,I i t,''' V'' ,,. ,o' o"eu money /
mo-, ..t,o - '''''e '"ec' Oh 'he
,.o,,. -. ~ - S'"iN 10 Dor
,,,,rl,,.,I - ~ '1'VP ,''S Si'ieSs' il
90 e-o ooo ooo ''. '"c 'n'i'e issue
a., .,na, ~ I''9 "i'i w eAPehu'
foco, ,n,6., t,,nt'',l,, .',,'''' W ii''oSu'-
poo. T. h,., ~, 7,'' On" 'u"' 'is"'
r,r ,,,oro th,, ,','o,','' oo, oo, ,''.'' ''''
c,,,s+.l M, A.. '''''