The Manitowoc pilot. [volume] (Manitowoc, Wis.) 1859-1932, 1920-01-22
SPECIAL ELECTION FOR
So, 900, 900 GOOD ROAD BONDS


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M ,ooa '''''' ''''' i''''> 70
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S3 ooO oOo honds drawing no, cont
interest navable ever, six months and
to he used for huiIdinc trrrl. bio,,,.o,.
either concrete or other snr,aci,g nc
nroyided in said resolutio, of soid
comfy. bopra and ou ~ Ia dre AMI
paynble within twenty veors Tbis moi-
fer and tbe on,oetio,s ,ris;,o n,do,. -
are of sucb far reaching and vital inn
portance 10 every voter and taxnavcr
in tbe comfy. that hc sbopId t,l,e m
active interest in il and ouip All thc in-
fornation he can hefore ,aid oloctio,
dov. So tbat he cam wisely and for bis
own and also the hest interests of the
countv and fine coniro cororotio,s
who will have to n,,, tbie Ior,,o s,,n,
and vote apCUrlIDplN yDtpr UIugI
consider fbpt in voting for e,id bond.,
he is plocing heavy burdep an his
children and his cbiIdren,s cbi,drer %
pay, when the voter will be dead.
IrsuoIIv child is looLipg for rift
q legacy. to aid and helm start tben, IN
life and business instead of . weirbt,,
fax burden. and orc ant "a annreci,te
and nerretuofe tbo pomor, az tho o.,
cester who leaves them the farmer
than tbc Iatter E,cb ooror,tion hos
enouph of ifs own burdens and t,vos
costs and exnensee without tboir or
cestors imnosing an Them s3 ooo ooO
bond issue, which at 5 per cent per an
mum means each year an additional
Sl5O,OOO interest sum thereon has to
he paid also These figures. principal
and interest, are colossal, and if the
bonds should all run twenty years at
said interest the whole interest would
in such case amount to twenty times
SI50,OOO or the immense sum of So
100000 more, or making with the prin-
cIpaI OF the bonds S6,OOO,OoO IN all.
| want to he fair in this article, of
course none of said bonds will run for
more than twenty years, and many of
them may not run over half that time,
but even if only half that time or ten
years, the interest in such last case
would amount to the snug sum of ST.
100000, making with the $4,000, 900
principal the sum of Sl,500,00O in all
Show the law for such assertion, and
to be paid
1t must he remembered that bond
buyers will want bonds to RIM MS lonp
as they possibly can get them to run,
and will refuse TO invest So large a
sum unless on long term bonds nj rood
interest So the county may he forced
at times of sale of said bonds. if voted
for, to grant n Longer time for them to
run, in order to make them soIablc at
good figure.
NIo,t &c ,ot al u,o ,o.,.,,... ~ u.
commits. u,,,., Lo,.,. o,,,,,i.,. =, u.,i.
,,i,ds os 60 th. od,isolI;,,. ~ ~ .,;no
this rroot financial Iood -, ma man.
orty of tho oornt,, ond ,o, n,ha,, AIso
il Looilin,, rLo.o ,,,o.,;on. ,,tou. ,,u.,
r.nor,hor tb,t ,.itI, ,,o ,l,i,,h oos, os
Iivino" nou and tho o,hor d.hts toxog
and hands tbat yoorl, baro to ho mid
is it not dangerous burden to as
sumo? Many farms of the county are
mortgagcd, some of them for nearly all
they are worth, young men buying
them on time owing to the high PAGES
now, but let the high prices of milk,
hogs, cattle and farm produce drop, as
they surely will in q few years, war
prices can not last, and then how is
the mortgagcd land owner to pay his
interest taxes, bonds, and yearly in
tcrest on them, and support, feed and
clothe and educate his family; Such
a burden would be crushing, would in
many instances amount to conhscation,
or loss by the property owner of his
property through his inability to pay.
And as usually the case the voter who
has nothing, who owns no property
has no stake in the hedge are all in
favor of good roads bonds AT the