The evening herald. [volume] (Albuquerque, New Mexico) 1914-1922, 1919-04-09

Nonlc TINE NEu Tue city voted bonds Tor uddt-
tiolnl school buildings. Not enough money was
voted. Building Of the single building planned was
delayed by the war. The money now available
probably Is not sufficient 10 build the additional
equipment needed. We have ouirrown not only
our schools. hut oar bond issue. Thi, equipment
should be hdded during the coming summer 40 il
will be available for use next year. II necessary we
should vote additional bonds. aud We should vote
enough Of them 10 provide y p-nerul enlargement
q the school equipment II there were any rrason.
able prospert VI lowered building costs delay would
be jusfifiable. although It's wisdom would be- open
10 %quesiiofL There ~ mo such prospect. We should
carry out mar school construction program this
year. II viii have these results
To demonstrate our confidence in our community
and 10 lesd the way for prcssingly needed private
building enterprises. By establishing confidence.
To maiutain the efficiency of our school system
BY providing equipment that has become absolutely
neerssary.
To stimulate industry ~ a whole IN this com-
munity and in the state.
ANY one Of those results Justify spending public
money wisely. Combined they form a positive ncccs-
sity for public construction work.
Taxpayers need not be alarmed by such a pro.
gram. The wise. aud in fact the only way 10 carry
forward public construction work to-day. Is by bond
issues extended over long periods with wisely fixed
sinking fund provisions. So arranged. bond issics
do not become a burden on taxpaycrS. They dis.
tribute the burden more evenly.
n ih"uthtim Alnupucfpuc man pointed uIt ~
the Herald recently that the sound financing Of this
city will require a general r"funding Of our bond
issues 10 avoid the Immediate heavy sinking fund
charges Of existing bond issues that have been nm.
wisely made. Unfortunately these heavy sinking
fund charges come right now and during the next
ten years when taxes are likely 10 be ~ the high
mark. Unfortunately. also, the city cannot vote re.
funding bonds until the nest general city election.
II can. however, issue certificates uf indebtedness
Probably Il would be sound finance and good public
policy 10 ISSUE certificates IN sufficient volume 10
relieve or more evenly distribute the present munic.
ipal taxation burden and 10 provide funds for
needed public works for immediate construction.
We believe that our schG ! and municipal author.
tiles should lead the way IN building activity in
Albuquerque. aud that they can 10 30 without in.
crcasing present taxation charges and 10 the cnor.
nous benefit Of the city and all is people. now and
in the future.
The home building movement il taking hold
throughout the nation. II is n movement that will
win beeausc Il appeals 10 a primary human instinct
ls appeal is universal aud exceedingly strong. Tbs
home building movement will take hold In Albuquor.
que because homes are needed here. bccause people
want them and will have then. The municipal and
school authorities may well consider taking the lead
IN the home building movement. Home building
does not mean simply building houses In which to
sleep aud eat ones meals and keep unr +, children
oui Of the rain. Home building means cooperation
in creating a pleasant aud desirable setting for the
four walls VI the individual dwelling 30 the end
that IL becomes more valuable materially aud m
pride Of possession.
Let us consider carefully and thoughtrully III,
high cost OF delay