Evening star., 1923-02-28
TR|NKLE PRESENTS
DATA TO SESSION
Bond and Pay-as-You-Go
Propositions Explained
by Governor.
S7ecIa! Dispatch to The Star.

S7ecIa! Dispatch TO The Star.
RICHMOND, Va--There is a posi-
bility of the warning factions on the
matter of highways getting together
and perfectins an arrangement that
will provide emergency funds and
leave the adjustment of the subjec,
to the people of the state at the polls
this fall. That is the talk among
mem bers. and it may be that some
thing will come from the effort.
The Scent tax on gas has enemies
who are standing pat and the bond
people are generally disposed to op-
pose that idea. The anti-bond people
on the other hand. are for the tax
on gasoline just as firmly as they
arc against bonds.
Due to the feeling between the rival
camps. there are more and more mem
bers who are expressing a determina-
ton 10 restrict the work of the ses-
sion to just as few subjects as pos
sible and to end the work and get
away.
Every one, more or less, has come
TO recognize the fact that our state
highway commission is in sore need
of funds to meet the growing demand
of our people for a reasonable rapid
road-construction program. said Gov
TrinkIe in his message. There Is no
method of providing more highway
funds during the year without action
by the general assembly, and this spe-
cial session has been called primarily
for this purpose"
Governor Explains Policy.
After calling attention to several
bond plans. and explaining that a
4hree-cent gallon motor fuel tax was
the only new revenue source in the
pay-as-you-go plan of financing the
highway work. the governor said:
"In my campaign for the guberna-
mary Of August. 1871. and during the
state campaign just prior to the cleo
tion of November, 1921. ] stated re-
peatedly that l was opposed to the Is
suance of bonds for state highway
ditions as they then existed. During
the session of the general assembly
Of 1922 / advocated the issuance of
, S12, 100000 of thirty-year bonds for
interest rate of not over Az per cent,
and on the basis that gasoline tax
would be levied sufficient to cover the
interest and the sinking fund pay
1nents, without reference to the peo-
pie.
"Since the adjournment Of the gen.
erai assembly in March, 1922, a con-
tinuous campaign OF education has
been conducted for highway develop
ment in Virginia, along with which
has been had a public discussion of
The advantages and disadvantages OF
a. bond ISSUE"
States indebtedness.
Gov. Trinkle, in his message. sup
piled the legislature with the follow
Ing schedule Of the states indebted
ness:
sThe present bond indebtedness of
the state of Virginia is approximately
$4,000 900; the bond indebtedness of
the incorporated towns Of the state Is
s3.66s 900; the bond Indebtedness of
the cities of the state Is $57,671 ,S4s.7S;
the bond Indebtedness Of the counties
of the state is SIS, 1861. Total
bond Indebtedness of incorporated
towns, cities. counties and state,
100000 Virginias part of the
national debt. and It must be borne In
mind this constitutes as much q debt
against the citizenship of the state as
IL these bonds had been issued by
Virginia herself, Is approximately
$3.50. 0.000,0 ,000."
Other Work in Session.
He urged correction Of an error In
the senatorial redistricting bill. by
which Madison county was omitted.
and S1ciared he e4was- convince IA Eay-