The herald and news. [volume] (Newberry S.C.) 1903-1937, 1922-06-30
NEWRERRY BOND ISSUE
FOR MAY 100000

ures on bond issues proposed, voted
and sold for roads and streets COM
pied by the Asphalt association, this
city. for May. 1922, show that with
the summer construction season now
in full swing, the states, counties, pa
rishes, towships, road districts, cites
and towns OF the country are pre-
pairing a big iate-summer and tall
program of construction. The re-
ports show that bond issues proposed
for future road and street construc-
ton increased S19,824,T50 in May
over those reported in April. Among
the localities reported interested IN
highway development during May was
Newberry county, with a bond issue
/ of 100000 for county roads and
bridges reported as sold.
In May total of S30,675, 900 was
reported in bond issues proposed for
road improvem. The total for
April was S13,751,0 900. Bond issues
voted for roads in May amounted to
$50, ,224,46O, while those voted in
April were S50,S15,5 decrease
for May of SIS, 5,591, ,058. The total
value of road bonds reported sold for
Nav amounted to $32,135, 5,936-a de-
crease of S1,236,224 over the sales
| in April. This is due to- the fact
that 2 majority of the bond elections
are held in the early spring or the late
fall.
That street construction Jared rel
ativeIy better than road building IN
May, is indicated by the fact that pro
posed bond issues reported for that
purpose amounted to $S,720,300 in
May-an increase Of S1,902,750 cv-
er the S6,917,550 reported the month
before, and bonds voted amounted to
is1O,119,582,-an increase over the
S8,O36,132 reported in April, of 81
083,450. Bonds actually sold for
street construction, however, decreas-
ed from the s9,581, ,361 reported in
April, to S6,s62,847 in Maya drop
of s1,718,514.
West Virginia, with $16,225, ,OOC
led the states in May in proposed road
bond issues reported. Florida was
second with $3,250,0O0 and Iowa was
third with s3,O00,0o0. In proposed
bond issues for streets Illinois led
with the one proposed expenditure Of
s5,400,O0O in Chicago and Texas was
second with s1,299,O00. Florida,
with S468,000, ranked third.
Of road bond issues voted during
May Michigan led with S9,3S0,850,
while Alabama, with $3,150,000, and
Colorado, with s3,140,000, ranked
second and third. Ohio voted more
bono issues for streets than any other
state, and led with s1,433,997. Mich
igan followed with s1,175,000. North
Carolina, with $1,143,o00, ranked
third.
North Carolina, with SS,400,0O0,
reported more road bonds sold than
any other state. Texas was next in
line with S6,201,500 and Ohio was
third with 81 ,494,450.
Ohio, with s1,636,s91, also led in
street bonds reported sold, followed
by North Carolina with S937,000 and
Virginia with s820,000.
The reports indicate that the costs
involved in road and street construc-
ton are entering more fully into pub
lie discussions when it comes to vot-
ing money for highway Improvement.
The United States Bureau of Public
Roads has just completed statistics
on road building costs that are not
only valuable but pertinent 20 public
discussion of any good roads project.
This federal bureau spends more
| money for highways than any oEher
one body in the world. Las; year it
expended 100000, 900 of federal ap-
preparations for new highway con-
struction, sum in excess of the to-
tai amount expended for al purposes
by the departments of commerce, IN
terror and agriculture combined. In
conjunction with This sum an amount
more than equal TO the federal aid
was provided by the states. Al OF
this expenditure went into something
that constitutes tangible asse2 for
the free use of all the people, AID to
toll roads having been expressly pro-
hi5ited by law.
/ The charts prepared by the bureau
compare the costs involved III the
construction of bituminous macacam,
concrete, gravel and graded and
drained highways and show hat, for
tba whole of tho United States dur