The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1919-04-20
By c. II. Adams.


printers ink.
Notwithstanding it said in it's issue OF April H. that Senate Joint
Resolution No. TO- under which the proposed Fifty Million Dollar Good
Roads Bond Issue will be submitted the May provides that
2O0o Of the bonds must be paid Off and retired each year The Okla
homan continues maintain that the interest the bonds will be
proNmatcy $2OO00O year leaving the inference that each the
interest will amount $4,000 the first year will reach total OF $780,
600 the time largest bonds outstanding
will be 100000 the last any OF the bonds outstanding
1t is also repeatedly out that the citizens OF Oklahoma be
taxed to provide O0OO annually with which retire the bonds and
deeply Interested and about which anxious learn all they
thoroughly mouiaeed t the proposed road bonds issue when manan
died by It's opponents.
The interest each and every and believed that there will be money
remaining to turn back into the general revenue fund
Two-thirds of the license moodyn vehicles, two-tlrd.
the production oil and minerals all OF the in
cp and interest ON the Fifty Million Dollar bond issue And in spite
OF repeated declarations the contrary,
being pportoncd counties for the construction and maintenance
the counties will be increased rather than taken IRON them
Under the new law providing for the taxation OF driven
meS effective January l. 9 the average auomotyc taN will be SIS
In 1918 there 23O driven vehicles registered in
oklahoma conservative estimate OF increase OF 25 per in 1910
'o ana 'z only IL per cent in I95 ana no increase the following
year there will he registered in 1924 54555O moodrc vehicles
which OF S3l5625O will be paid Two-id, this will
so to the state and onetd to the counties just the as the tax is
present appoiond and the gross production yields 100000
year. divided the Without taking the
state income tax or the inheritance and with reference
other form OF the fifty million dollar bond retired
the and back the
the and production alone The following paragraphs
the OF the assertion using the
mentioned above to arrive the states share OF the automobile
adding $000 the present the gross production tax
which being wasted upon the dragging OF dirt roads and washed into
the bitches each year
First Year
Bonds issued 6OO0O0 drawing $6000O0;
OF interests 10000 bonds $2O00000;
for the year 22000 available from automobile
gross production S3O0OOOO turned into general
revenue fund %SOOO0
Second Year.
Il Issued S600O00 drawing interest $0O0O0OO S5O000;
be retired S2000O S240000 available S3500OOO
$l05000O
Third Year
Issued S5O000 drawing interest 20O0O interest $945O0O;
to be retired 2OOUO total $2945O00, balance $lSOOOO
Fourth Year.
Issued Sl25000 drawing $500000 interest 500:
be retired $20000OO total $3475OO available $475OO bal
ance $0565OO
Fifth Year
Issued $l20OOO drawing interest S420OO00 he entire fifty mil
lions has been issued and the reached
$SOOOO; be retired $2O0OOO total $5S90OOO available
G $+E3500; balance, $5S5,500
With the close the fifth the has been reached There
no bonds be issued and interest from that dmnshes
of 100000 year.
Don't be alarmed "bogies" Of increased vaoem
there % no such anma connected with the Fifty Million Dollar GOOD
Roads Bond Issue