The West Virginian. [volume] (Fairmont, W. Va.) 1914-1974, 1922-05-12
nj II|l|||I|'l0|RGAll|OPPOS /;
SPECIAL SESSION
OF LEGISLATURE:
Governor Decides There's SUI
ficient Money for Road
Construction.

CHARLESTON, May H. Gov
sernor E. F. Morgan does not pro.
pose to Assem- BILE the legislature OF
Vest Virginia in extraordinary ses
sion at an early date for the lssu,
ance OF additional millions OF roao
bonds or for any other purpose unt
Tess an emergency warrant1ng SUCH
axaction makes it i'm perative to call,
the lawmakers together, according
to friends OF the administrator.
The administration has no
thought OF an extra session at thls
time, it is said, for the following
First-The regular legislature
meets next January.
Second is no specific in
formation to impart to the leglsla
ture concerning the taxa BILE val
ues that would enable 1t to limit
the tax levies Of the state
hands OF the state road commits
sion are sufficient to enable that
81 sbody to make substantial progress
sonS the states system Of hard roads
Until the legislature assem- bles IN
session.
sgSs Decrease Is Demanded.
Fourth-the willingness Of bond
ZIG houses to enter into binding
Sontracts to absorb future issues
II 95h#road bonds at less than 5 pei
EScent interest rate indicates their
Essbelief that the present bond mar
4 kefawill be maintained
Fifth-IssuaEce of bonds at this
time means an increased tax rate.
when there is demand for de-
$Sreased taxation.
Sixth-States and individuals
when given access to unlimited
funds are apt to develop, conscious
Igor unconsciOusly, an extrayagant
1 ttitude.
Seventh-Haste makes waste and
the deye1opment of the state road
Hsystem should be ontinued pro
Excessively but not hastily.
While the governor will make nc
Apu blic statement in reference to
1.-The Smatter beyond the reiteration
4 81 What he said at Wheeling some
weeks ago. that he had nc present
Iisi tention Of calling the legislature
SIN special session, members of the
who have conferred
sSyithstI executive say that the pro-
recently scattered asking
for ad ditional road bond issues has
mot convinced the governor tina:
the present situation is n emer-
gency within the meaning of the,
which confers upon
him the prerogative Of assembling
Legislature.
Await Complete Reports.
according to assertions made
around the capitol building. Gov
ernorT Morgan is awaiting with in-
terest the com plete reports Of the
3sassessme made in the several
counties, but it will be several
months before he is given the re
ssul Is obtained by the assessors in
their valuation of property for tax
tits claimed that in the event OF
4 the necessity of an extra session
Stospreyesnt levying bodies from i'm
[-posingAtoo severe burdens of taxa
Sffon8in the several counties the gov
savnor would not be averse to call
ing the same, but it is said that he
does not propose any such STEP
until he has received specific and
s#definite inform alton as to what is
needed AT this time he could not
advise the legislature
what is desirab if he assembled
that body, and is not informed as
3Sfoswhether a special session viii
ssbesnecessary.
ESs5Whiles it is conceded in admin
n
& bondsmarket is favorable, it is held
Eby many OF its friends that the.
ftate should not be placed In the
q hosition of playing the bond mar
Set.Eand it is known that represen-
y ativess of the eastern bonding
Hdouses who have been Z: Charles
\ tom in recent days have expressed
\, a Willingness to enter into con-
tract: to absorb any future authori-.
kzation of road bonds at less than
the#5 per cent rate at which the
lSpresent SIS, 100000 issue vas SOLD
This expression from the bond
flies the belief that the bonding
sshouses do not expect any serious
f1uctu alton in the bond market
that would impel a hasty session OF
ssthe legislature to take advantage
s$ofE existing conditions.
Will Push Hard Roads.
The West Virginia legislature
meets in regular session next lar
Y: ur1aa:ry and the proposed federal
amendment eliminating tax-free
securities will have no effect on
any action that the legislature
1 might then take on the issuance
sofEroad bonds. If such amendment
was proposed to the states by the
present congress 1t would require
several years to have it ratified by
x the requisite number Of legisla-
lures.
The state administration. accord
ing to its supporters, will exert al
xofE its pressure in behalf of hard
road construction and is very de
ssirous Of completing the system Of
hard roads in accordance with the
progressive road legislation enact
l3Al,< Tor lot hr1tF .
kcommission is now expending the
initial bond issue Of $15.000,000 for
that purpose and is making effec-
tive, ifEnot hasty, progress. This
4 sum is sufficient until another leg
tisIature meets.
4 Another side to the question Of
iSIsguing bonds is the problem OF