Gunnison news-champion., 1921-09-09

p4ncipas directly in its proportion
Of the funds realized thru the sale Of
the bonds
Following the Offering Of bonds by
the thirty day advertisement, the
state treasurer Is advised that on ac-
count Of the bonds bearing per cent
interest, they could no be sold at par.
The Constitutional Act forbids the
State Treasurer from selling them for
less than par and he can not raise
the interest rate
Constructing new highways and
maintaining others is essential for the
Development of the state, and the
State Highway Department, believing
that these bonds could be sold. enter
ed into agreement with contractors,
covering construction and maintenance
work IN every county in the state.
Anticipating ealy returns through
the sale Of the bonds, thousands of
men have been employed by both the
state Highway Department and Com
missiOners Of the various counties TO
temporarily repair damaged highways
caused by the heavy rains. During
the past three months more than 100
bridges crossing streams in many
counties Of the state, have been de-
stroyed causing a detour TO be made
OF from two 10 fifteen miles.
Practically every state in the union
has 2 highway program and their
citizens have voted bond issues The
ederal Government cooperated with
the states in constructing ederal Aid
Highway Projects, and after compile
ton Of q highway, the government re-
mburses the state equal TO one-h half
cost Of said project.
Good highways mean more tourists
which is estimated this year at great
or than one hundred thousand. II
also means more agriculturists, more
crops, greater population, increased
tate valuation, increased business in
I'll enterprises, employment for more
people, and aids in greater dispatch of
business than otherwise could be ac-
eompHshed.
South Dakota has offered six per
cent Highway Bond issue and found
purchasers in Colorado. Other states
authorizing a highway bond issue are
1ndiug subscribers IN this state ow-
ug 70 the fact that the rate Of interest
s. slightly higher than those offered
by Colorado; however, the Colorado
Highway Bonds are exempt from
both Federal and State taxation. II
the Colorado State Highway depart
ment and county commissioners thru
out the state are to carry out their
program of highway construction, then
the citizens of every section of the
state must respond TO an appeal to
purchase the bonds.
A condition confronts the statee
thru the fact that thousands of its
ciizens are now out Of work and it
remains for other thousands TO decide
whether the state shall provide en-
ployment for the unemployed by the
purchase of highway bonds. A New
York brokerage firm informs US that
for SIS, 800 commission IT would buy
the bonds. This amount saved by the
citizens purcasing the bonds would
construct many miles of splendid
highway in Colorado and keep many
of the unemployed at work.
There are 100000 worth of bonds
to be sold now and if 1000 individuals
or agencies such as Good Roads As
sociations, Automobile Clubs, CONNER
cial Clubs, Banks and other financial
institutions purchase only one $1,000
bond Colorado can continue the con-
struction of its highways There are
over 100000 automobiles and gasoline
driven motor cars of all kinds in the
state, and if 10000 ownrs Of cars will
subscribe for one 5000 bond, 5000 men
now employed will continue on the pay
roll and from two to three Thousand
more men will be ultimately added
thereto. The value of these bonds is
recognized for investment purposes,
when the records show that out of
the total bonded indebtedness of the
state of Colorado approximately only
S500,000 is held by the public and the
balance by the various state. depart
ments.
SAY IT WITH BONDS
/ Citizens of Colorado and all organi-
zations throughout the state let US
employ the unemployed and construct
our highways will start the popular
subscription for one 81 1000 bond,
which bonds are issued in denomina-
tions of $50 or greater according to
the desire of the purchaser.
/ LET'S GO, PUT 1T OVER, AND
DO 1T NOW.
Yours very truly,
ARTHUR NJ STONG,