The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1919-04-30
NESb|TT EXPLAINS
A WAY OBJECTIONS.
TO HIGH Way BONDS.
LEGISLATOR TELLS ARDMORE
WHY THE PROPOSITION Is
A SELF SUPPORTING ONE
HITS DAILY OKLAHOMAN
He Says the Editorials of that Paper
are Written ON the Keys Of the Cash
Register-Provcs that S5OOOO,O coo
Project VIII Not be a Burden, But
Blessing.

THE editors Of the Daily OklahOman
usualIv write their aaitori,i. n, ,,..l.,,s
- u,a .,, ,..,...,
''P '1'
NesOll'' the evangelist OF good roads
At Convention Hall last night, when he
explained an1ouo other t1i,gs u,b,. the
,,etrooo,,,.u ,.,,... .,... e,.,..,. ,e
'''' '''
y S'"'''l'oiiuollar poHd issue
To only fair.si2ed audience Mr. Nes-
oitt' introduced by O.. A. Ramsey, presi-
dent Of the Chamber of Commerce. gave
tire clearest idea Of just what the pro
posed good roads bond issue means to
Oklahoma that has 'ver been heard
here. In plain, convincing tones he
traced the good roads proposition from
Its inception to It's final preparation
for action by the Oklahoma voters.
Every fact and figure was at Mr..
Nesbltts finger tips and his explanation
Of just how this bond issue would be
placed ana paid off without one cent of
ad Nalorem tax was evidently aimed 10
convince any skeptic Of the falsty Of
the idea disseminated by the Daily Ok
Iahoman.
Early in the year" said Mr. Mes.
Dit, IN relating the history of The Ok.
Iahoman's opposition, 81 consulted with
Gaylord editor OF The Oklahoman. He
told me that ne would be willing to sup
port thlrty-milIion-dollar bond issue;
lhal roads III Oklahoma could be built
AT $o'oOo p r mile similar to those in
OaLIorhla' yet Ihe Ohahoman is now
canning thaI roads cannot be built for
IeSs lHah F2o'ooo per mile. ! refer YOU
10 'he OkiahoihanS IlFst editorial on the
sOou Io1dS pohus loi a confirmation
oI IHIS'
AHo'her mlssta'emeht OF facts is that
me ponds issue Will cost the state 81
VoV'oooo year. ana IL mas InslsJently
repeated IL 50 oIteh' ihat Ihe ohlaho.
man doubtless believes, thdJ should it re-
peat lhe Ie oiteA enough the people VIII
, ilhalIy' as al matter oil course believe
II IS the truth
quo anu VII laN Sullicient
uouOt IL many OF You know that
Out OF th' gross production tax We are
using one million dollars which is be.
ing put on the dirt roads of the state
and washed into the diirhes every year.
Ihat million dollars and the automobile
tax are enough TO- upon "a conservative
estimate retire the bonds ana pay the
interest. say We issue bonds To the
amount OF SIX million dollars the first
year; the interest on this amount viii be
at -FOUR ana onehali per cent $21O,OOO.
AT the end Of the year we retire two
million dollars Of the bond issue and the
total cost lor the year ls S2'2'o'OOo. our
automobHe tax alone at the end ot the
year VIII take care OF that. suppose
the second year we issue another six
million in bonds "a total of twelve mil.
non mas been issued, but we have re-
tired two million and we have ten mil.
lion upon which to pay interest The In
terest on ten million is $l'OOOO and we
must add S2OOO,OOO which must DE re-
tired ana we nave total cost for that
year oil S2'4oO'OOO ana your automobile
tax VIII take care OF that at the end
OF the second year suppose the third
year we issue Sl5'Ooo'oOo, which makes
total OF S-''Ooo'ooOrso we VIII nave Ia
pay interest on S2I'ooo'Ooo. The inter
est VIII be S94o'ooo TO which amount
must be added S2'ooo'ooo the amount &c
be retired each year ana we nave q
total OF S-'945ooo to pay at the tnd OF
that year
We nave not up TO TINS Time touch
ed the million dollars OF the gross pro
ductlon tax thaI Is available ana We
are meeting the 'o'aI expense without