The diamond drill., 1919-05-10
BOND ISSUE EXPLAINED.
Continued From Page One)

the state In connection with the $780,
900 900 bond issue.
The legislature asked the people
OF the state TO grant II authority to
issue bonds in the amount OF $50,
100000 for the building OF roads.
Immediately upon the passing OF
that resolution the people OF the
state began to say "No." They said
II under the assumption that the leg
islature intended to issue $50,0O0,000
bonds at once and to apply the
proceeds to road building. crowding
the program into a year or two. The
people said that 1t would be physical
ly impossible to spend that sum in
one or two years and the result would
be that there would be great waste
and extravaganza.
Then the legislature made their pro-
gram known. The members by res
olution said. "We don't intend to is
sue these bonds at once, In fact,
we don't intend TO issue a dollars
worth OF bonds more than is neces-
sary TO finance the contemplated road
program. We will issue about $685.,
600 900 the first year and the next
year we will issue perhaps $55,OOO,-
600 more and so on each year If we
find il necessary, but we are expect
ing that IL will not be necessary TO
issue the full amount"
When the people come to under
stand the program the mo" was
changed to such an emphatic yes that
the amendment was passed by near
ly 35O0O0 majority, the largest vote
ever given an. amendment in Michi-
gan. - - ~ s-'-
What Our Supervisors Say.
Now our Iron county supervisors
say, Grant us the privilege OF sell
ing bonds to the amount OF $780,
600. III you do so we will, first, finish
the two trunk lines remaining to be
built and also extend the road to
Villas county. 1t will take $4,000 to
build these roads. II we get no di-
rect aid from the state we will sell
these bonds as the work progresses
and when it is complete we will gath
er in the reward and place 1t or its
equivalent I'm the sinking fund so as
to take up the bonds when they be-
come due just as we did several years
ago
"If the state does decide to come
across and pay a certain per cent OF
the cost OF these roads then it will
not be necessary for as TO issue
more than from $4,000 to 100000 OF
of these bonds to build the three lines
In any event no more new construc-
tion will be attempted this year than
the three lines asked for unless con-
ditions become so bad that it will be
necessary TO expand in order to keep
our labor employed
should the state pay the proper
tion that We hope it Will pay on these
new lines, we will have at least $780,
900 worth OF Londs left unsold, and
next year the people can indicate
their wishes in regard to the other
items Of work mentioned in the pro
gram presented by the county road
commissioners. II the people want
the bonds sold and this work done
then we will sell them If they pre-
fer to pay as they go then we will
not sell them
That is the position OF the board
i'm nutshell.
What the Program Shows.
The statement that the voting OF
$25O,0O0 in bonds by the county will
make possible the expenditure OF
/ 100000 upon our roads is based up
on the following estimate made by
the county engineer
Forest county trunk line and Bar
aga county line to cost 100000 OF
which the state pays G5 per cent
levying the cost OF these roads TO the
county, $4,000.
Villas county state reward road (es-
timate) $4,000 Upon this road state
reward of probably $1,000 per mile
will be paid, or $4,000.
Metal surfacing OF miles east