Southern good roads . The advantage of tln.^ most up-to-date knowledgeill road building, as such a department will keep intouch with all modern methods of road building, bridgebuilding, and conduct ex|ierim(:nts of its own whet her sucli iiieihods can be used economi-cally and efieclivcly in the different sections of tinstate. Another way in \\liic|i the state can very materiallyand advantageously assist the counties in the construc-tion of their public roads is for the state to lend itsfinancial snpport to the counties in ilitaining moneyfor the construction of pid)lic road
Southern good roads . The advantage of tln.^ most up-to-date knowledgeill road building, as such a department will keep intouch with all modern methods of road building, bridgebuilding, and conduct ex|ierim(:nts of its own whet her sucli iiieihods can be used economi-cally and efieclivcly in the different sections of tinstate. Another way in \\liic|i the state can very materiallyand advantageously assist the counties in the construc-tion of their public roads is for the state to lend itsfinancial snpport to the counties in ilitaining moneyfor the construction of pid)lic roads. Tin. state, as weall know, can \ii\ Ieadilx boioow money at fmii- \>iVcent, iiderest. while the county lias to pay, on mpound interest, Avill equal theprinci]ial of the Thus, any county issuing one. Dr. Hyde Pratt helpint^ to unhitch an unruly horse on a Craven Countyroad, near Havelock on the Central Highway hundred tlmusand dollars wmili of bonds woulil haveto providi. besides thi yearly interest, a sum equal toifOS;! pel >eai. \\hich. put out at five per cent, interestcompounded, would in forty years pro\ide tlie princi-pal of one linndred thousand dollars. The county,therefore, has to provide six per cent, each year totake caic of its bond issue. Now the difference atwhich the state can borrow money, four per cent, andthe county, five {wv cent.—i. one per cent.—willtake care of the principal of any loan when it becomesdue. If the state then would borrow money at fourpin* cent, and loan it to the counties at five per cent, theon< per cent, additional intiocst which the iMUintywould pay to the state Avould taki care of the jirincipalof the bonds issued by the state; and the counties, af-ter paying the five per cent, interest semi-annually forforty years w
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Keywords: ., bookauthorvarnerhe, bookcentury1900, bookdecade1910, bookyear1910
