The Lexington advertiser., 1933-08-31
composed of Hugh White, Birney lines

composed of Hugh White, Birney lines
and Horace Stansel. They are able men
and will give strictly business admin
istration to the expenditure of the
funds. They have organized and are
ready to begin work. But they are SO
am-strung and hedged in by the pro-
visions of the law itself, that with all
the huge sum Of money at their COM
mand, they haven't a single channel of
expenditure open at the present time.
at seems to be a case of Money,
money everywhere, and not a place to
spend it."
Under the Act, as we understand it,
bonds have to be issued against each
project, these bonds to be put up with
the Federal Government as collateral
security for whatever amount may have
been loaned on the particular project.
But the fly in the ointment is that un-
der present Mississippi laws, severe re-
strictions are thrown around the pro-
miscuous issuance of bonds. The people
got sick and tired of bond issues,
I've are frank to say that We do not
want to see the restrictions lifted as to
bond issues, with the possible excep
be provided that bonds can be issued
only where a project would be self-li-
quidating, letting the revenue from the
project retire the bonds over a period Of
years, but in no instance would such
bonds be payable by taxes or other pub
lie funds. In other words, let such
bonds be lien only on operating reve-
nues of the project, and the project it
self, and not a liability on the taxpay
ers. Only under such a provision, would
we be in favor of issuance of bonds. We
had rather see the state do without its
fifty millions of dollars, if it means
more public bond issues.
Down in Hattiesburg, magnificent
s150,00O postoffice building is being
abandoned, while almost across the
being erected. Why, no one knows For
what purpose, no one knows. For what
use, no one knows. This one instance,
hundredfold over the nited |
States, gives the people a somewhat |
helpless feeling in the pit of their stom- |
ichs, as they see their taxes wasted, |
heir money squandered, meaningless !
erected on all sides.
IF the United States Government,
whether it be the Roosevelt administra-
ion or any other, would devote its un-
iivded time and attention to putting
&c cotton money, 81 wheat money, and
DC corn money, into the pockets of the
armer, there would be no need for
:. r. C., the Public Works Act, N. R.
l., or anything else.
prosperity in the hands of the far
Ter means prosperity for the United
tates. You can put it in your pipe
nd smoke it, that the basis of all wealth
nd all prosperity lies in the soil-lies
l the hands of the man who tills the
md. When you disturb and disrupt
nat situation, you disrupt everything.
' hen you restore that situation, YOU
estore everything.
1t works two-fold. 1st-It places
1rchaslng power in the hands of that :
ass of citizens who do more real ,
bending than all the others combined.
1d-t places farming on profitable ,
asls and therefore makes it attractive
business to thousands of people ,
no should now be on the farms. but
no are not
Ihe only stabilized and lasting pros
eflty we can expect will be when we
each that time when we can have a
rosperous agricultural situation
men our farmers have money in tbeir Z
'ckets-when thousands of workers {
re returned to the farms, where thew ;
'opefly belong. The true basis of nat .
nal wealth is agriculture"