Southern good roads . 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 would have provided the state with anamount suflicient to pay for the principal. This wouldmean that all the counties would have to look afterwould be the ti\e per cent, interist. and they wouldnot be worri<il or botheicd with the principal, as thiswould be taken care of by the state. Ry such a meth- 8 SOUTHERN GOOD ROADS
Southern good roads . 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 would have provided the state with anamount suflicient to pay for the principal. This wouldmean that all the counties would have to look afterwould be the ti\e per cent, interist. and they wouldnot be worri<il or botheicd with the principal, as thiswould be taken care of by the state. Ry such a meth- 8 SOUTHERN GOOD ROADS June, 1911- od the state wonld uot have to advance any money onthe principal or for interest, and VFOuld simply takeadvantage of its credit in borrowing money at fonrper cent, and giving the counties the benefit of counties which have issued bands and are pay-ing interest and providing- a sinking fund know thatit takes approximately one per cent, in addition to theinterest to provide for the sinking Section of newly graded road throueh Phillips Brotheis farm, near Cartha^re,Moore County, N. C, showing need of Split Loff Drag It is believed that such a provision will lie of inesti-mable value to the county in providing funds for theconstruction of its higliways. As one will readily realize, no state will give anyform of state aid without making provision that thestate .shall have c mean sia1i sii|i(r\ ision id at least that por- tion of the public roads in the construction of whichthe state has assisted in any of the forms n-entionedincorporated towns. Public roads are not simply for the use of the citi-zens of the county in Mhicli they are located but for thecitizens of the whole state and, while in fornier yearsthe use of the public roads in an3 county was confinedlargely to the citizens of that particular county or aportion of the adjoining county, at the present time
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Keywords: ., bookauthorvarnerhe, bookcentury1900, bookdecade1910, bookyear1910
