Perth Amboy evening news. [volume] (Perth Amboy, N.J.) 1903-1959, 1921-11-01
GREAT EXPENSE
IN BOND ISSUE
Will Cost $3.50, 900 zYearly
for Interest and Sinking
Fund Expenses

TRENTON, Nov New Jersey
voters, that is those who thought
ic of sufficient importance to regis
ter, will go to the polls a week from
today to select members for an en-
tire new House of Assembly and for
seven seats in the state senate.
legislative policies of Importance
for 1922 will be determined to a
large extent by the balloting next
Tuesday. Despite this there has
been reported a large falling off in
the registration. this being partic-
ularly so with respect to the wo-
men voters who fiocked to the polls
in large numbers last year.
State Bond Issue
Many thousands of voters. by
falling to register. have thrown
away their opportunity TO express
an opinion upon the important
question whether state should bond
itself for another S14,000,000 to pro
vide funds for program of state in
stitutional and correctional work.
The question on referendum on this
subject is whether it is wiser to
continue asking the legislature
building of additions to institutions
which could be carried out BY the
money derived from bonds.
If the voters next week adopt
the s14,000,000 proposed issue, it
means that for the next seven
years, beginning with the 1922 ses-
sion, the legislature will be required
to appropriate the sum of $S50,0Oo
annually to provide for the interest
and sinking fund in connection
with the bond issue. This is pro-
vided in the referendum law on this
subject passed by the 1921 legisla-
ture. The act further says that in
the event of failure of the lawmak-
ers to provide this money the state
treasurer shall pay the interest and
sinking fund financial requirements
of the bonds out OF the general
state treasury.
If the bond issue is not approved
November s by the people who par
ticipate in the election, then the
state department of institutions and
agencies, which is fostering this pro-
position. will be compelled 10 ask
each succeeding legislature for In
dividual appropriations for additions
to Institutions and charitable and
correctional activities under its juris-
along. Upon the condition of state
finances, the necessity of the re-
quest fof money. together with
whatever other elements may enter
into the situation, will depend the
obtaining CT the money required.
Under the bond plan the money Will
be Forthcoming irrespective of these
conditions.
The state of New Jersey is already
bonded 70 the extent of $4,000, ,0OO-
OF this S12,000.000 is for the SOL
dier bonus which is now being paid
and the other s2S.000.00O is to take
care of the proposed bridge and
tunnel Improvements at the Della
ware and Hudson rivers.
Frelinghuysen Active
United States Senator Joseph $.
Frelinghuysen. who will be a candi-
date to succeed himself next year.
has shown some interest in the CAM
paign for the return of Republican
legislature in both branches by
writing 10 prospective contributors
for funds. According to the senior
senator a Democratic victory in New
Jersey this year would be construed
as a slap at President Harding.
Il feel that a Democratic victory
in New Jersey this fall would be rec
ognized as a rebuke to the Harding
administration and would give our
political enemies great encourage
ment for 1922. when we elect sem
ator and governor" declared Mr..
Frelinghuysep in his communica-
tion.