The Ely miner. [volume] (Ely, Minn.) 1895-1986, 1920-10-22

I'ttr4, ~
oils and its great dspaFt@Spt TstqEss
and mills and factories and to the
croSs roads community. with its gen.
erai i tore and blacksmith shop ofSga,
rage% The state and community moves
only sonfast asslthe people can move.
Go6d roads ARE used more, than poor
roads Read bettegments increase ,ttrraa--
SeF lstiqsod adj oyssi al eldR sd o
| !. Bond Features Explained. 30 Y
civ PROPERTY beeomessi more valid
abIe asf 1T is made more ACCESSIBLE,
land ! FARMS nare worth more % when
freached by good roadside farmers
railroads. q
Fear isusxpressed that the legisla-
tire may permit the sale of large
amounts of bonds and thus shift the
cost of good roads largely to the gen
| enlE taxspaysfs. - YslysT Wis pns1tn
ce,lnties~last keaE sisslled AaoFeA than
$50. OOG, 600 of bonds to build roads and
ll6AGy taf8 hieN boHding for road i'm
provements.
AddeodnehtnSu 1lpnvides tt1at load
bondsi ppsto slfprtQoo,9 p9 a Ssfaf nay. be
issued in the discretion of the legis-
latureS bit Mat hot More ithanp 's75,-
600 door shalrrbei outstanding albany
one time. Also, it provides that, all
bonds niast be2 Sold AZ PAR OF a. pfemi-
um Nandlthat1Spst seahShalbbe the
maSiQum INTEREST rateseGTfee latter
limitations are the safno As those
whichIpreyant the sale aof minnesota
soldiers bonus by99nds, taS9 the bond
virtually of no effect
When S per, cent bonds were being
sold, however, unexpected increases in
the numbers of motor vehicle licenses
caused officials to announce that the
license revenue will be ample to
finance the state highway system and
that in all probability no bond money
would be needed.
Special Safeguards Provided.
Should the bonds become saiable,
special safeguards are made. The
sinking fund is created before any
bonds are issued and 1t can be used
only to pay bond interest and princi-
pal With definitely determined
sinking fund, the legislature can de-
eide how many bonds may be issued
without requiring tax levy, as cas-
lily as businessman can find out from
;e hos hn
has on deposit. Otherwise, the bond
provisions are the same as all others
governing Minnesota issues.
Advocates of the Amendment No. 1
prove great advantage. For exam
pie, they point out, should credit be-
come easier and material prices drop,
some good roads bargains may be Sc
cured. Again, they add, should the
demand for labor slacken, bond money
might mean work for many and avert
hard times in Minnesota. They main
tain that in no event can the bonding
authority work harm and It may prove
of great value should the bonds be-
come marketable And under the sink
ing fund plan and other safeguards,
the cost of the good roads plan will
be paid for almost entirely with motor
vehicle license revenue, federal aid to
be added also.
State System Outlined.
Minnesota's motor vehicle license
fees now are lower than those of any
other state Automobile owners of the
other states where higher license
funds are used for road betterments
generally are willing to pay further
increases upon finding out what big
returns they receive for their money.
Seventy routes designated In the
make up the proposed
state system of trunk highways. They
are described in the amendment
which soon will be published in full
in this paper. The routes were select
ed by the legislature of 1919 after in
and public hearings and
it is generally admitted that every
county and section was given fair con-
sideration.
The original system may be added
to when necessary to touch new coun.
ty seats, the amendment provides, and
also in the discretion of the legisla,
ture after the original system is Is
per cent improved and necessary
funds are available.
avery Road Good Road"
The good roads plan is designed to
link together the more important cities
and towns and to make every Mime
sofa farm accessible by roads equal
to all reasonable demands. During
the next ten years it will provide the
state with upwards of 500, 000, 900 and
the counties and towns with S175,000,-
900 more for road building and main
tenance. That will enable Minnesota
to advertise itself then as a state with
$4,000 miles of public roads and every
mile adequately improved.
Good roads mean almost countless
benefits and advantages. They estab-
lish closer communication between
people in the country and in the towns.
They lower rents, reduce the cost of
foods and other necessities of life.
they make 1t easier to keep the boys
and girls on the farms. They aid work.
ingmen to own homes and cars to take
their families to the country and to
the lakes. They enable the farmers
to reach markets when the highest
prices are being paid. They increase
tourist travel which spreads prosper
ity both in the city and in the coun-
try. They bring innumerable benefits.