The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1934-06-23
oUEsTIoNs-ANswERs AWAITED

Reading the story OF the nnanclal con-
dition of Hendersonville as stated m
Thursdays Times-News by the attorneys
of the city, representing the municipality
in pending lawsuit to recover on default
ed bonds, one reaches the conclusion that
the financial condition of this place is not
to be rated with the best in the country,
although there probably are other places
in a financial pickle equal to Henderson,
ville's.
Reading the article again, and reinforce
ing the reading with the detailed and &C
curate information about the town and
section which should be in the possession
of every informed citizen, one wonders
how the financial condition of the town
and the county-wouldb be improved by the
destruction of large part of their taxable
values at one sudden stroke. One wonders
how the reduction of the population of
Henderson county by, say one-half, amt
the destruction of taxable, values in the
same proportion, would put what was left
of Henderson county and the city of Hen
Jacksonville in better position to meet.
bonded obligations.
Intelligent and informed citizens are
agreed that under existing conditions it is
impossible for Hendersonville to pay off
Element can be made with bondholders..
The county is in somewhat better position
by reason of having more property on
which to levy taxes and a smaller debt
than. the city Ali are agreed, however,
that if present conditions continue pay
ment of the bonded debt of the town and
county can only be accomplished through
many years of grue1ling effort, and then
only after adjustments have been made
which will give relief from a part of the
load
If local conditions improved under the
stimulus of development in town and coun-
ty, by increase in population, by the growth
of business, by the development of agricul-
ture, by the building of industries, thus in
ereasing the wealth and taxable values of
the county, payment of debts would be-
come a progressively decreasing burden
and with the passing of each year the bur-
den would be frightened, ~.
The best business men of Hendersonyille
and the county share The Times-News'
opinion that this is the only road out of
the financial difficulties of town and
county.
Within the past three or four years, un-
der the most severe depression condi-
lions ever experienced here, new people
and new capital have been coming to Hen
;derson county and development has been
going on. Our most intelligent and for
'ward-looking citizens have come to- the
conclusion that this, section is Coming
back" and is at the beginning of period
of growth and development that, in the
natural course of events, would bring adj
-ditional population, additional capital, ae.
sricultural development on scale which
;the section has not heretofore Witnessed
Increased tourist business, and ultimate re-
'eovery on a scale which would make 81
Henderson county region comparable 10
the dreams of its most progressive citizens
/. How is this to be accomplished by flood.
ing all of the best lands of the county with
water; by flooding all. or large part OF
Sthe city of Hendersonville; by forcing, q
large part of the present population Il
leave the county, taking with them all the
Icash received for lands sold; by destroy