Newspaper Page Text
VOL. XVI.
Bond Issues of the
State of Georgia.
Fifty-year obligation to State
University up to .lan. 1, 1912, un
der Acts of 1881. #282,500 at 7 per
cent interest.
Fifty-year obligation to State
University up to Jan. 1, 1912, uu
der Acts of IS9S, #O,OOO, interest
at 3 I*2 per cent.
Bond issue. Acts 1884, due 1915,
running 31 years, #3,392,000, in
terest at 4 1-2 per cent.
Bond issue of 1887, beginning
with 1898, #lOO,OOO per annum,
#500,000 at 4 1 2 per cent.
Bond issue of 1889, Itcginning
July 1917. #lOO,OOO per annum,
#1,833,000 at 3 1 2 per cent.
Bond issue of 1891, due 1922,
#207,000 at 4 I 2 per cent.
Coupon bonds of 1894, due 1915,
#287,000, 3 1-2 per eeut.
Coupon bonds of 1895, due 1920,
#230,000, at 4 per cent.
Outstanding pass due bonds,
#3,500.
Land Script Fund, #90,202* at
7 per cent.
Total principal #6.834,202.00
Interest on same to
Jan. 1, 1912 294,259.14
Total principal and
interest, Jan. 1,
1912 - - #7,128,401.14
Mr. liditor, through bad finan
cial management, our State owed
the above amount on the Ist day
of January, 1912. Now as Banks
county is about to enter into the
discussion of bonds, let us picture
ourselves and see where we are.
Let us take our pro rata dry coun
ties and see what is on the
shoulders of Banks county.
The pro rata for. Banks would tor
#52,032; yet from an advalorem
division it would not be quite so
much. Then add atorut #30,000
that Banks possibly owes, then
#100,0(81 as some want in bonds,
then 1 would smile and say, the
Bulloch bonds you have heard so
much of ) would to* at a premium
by the side of Banks county’s
bonds.
Fellow citizens, get you a Comp
troller's report, which gives you
the condition of the State; then
watch all bond issues and see how
lew are ever paid ofl. The inter
est on all bonds soon amounts up
to the amount ot the bonds, when
if yon had, by a small per cent ac
cumulated the money needed at
the star t, you would never have
owed any principal or interest, and
stayed out of debt.
Mr. Editor, our July meeting is
for the purpose of discussing at
financial problem, the gri'abist
problem that ever hit Banks coun
ty, and any one can criticise my |
views that wish, but please allow I
me to give them.
The only living relief for Banks
county is to abandon the chaingang,
for the present, have the Ordinary
to assess a small per cent, collect it |
nnd pay the legal debts of the
county and to build a number ofj
good bridges, that we are obliged ;
to have; when this is all done, as-1
Bcss a per cent known as road and j
chaingang funds, find the number j
of hands available for Banks coun
ty, and see the amount to start up I
again. And when we have enough
to buy eight or ten mules and feed
them, and maintain all expenses,
then recall the gang, and with a
small per cent each year we can
pay our way, without any debt of
any kind; and until we get to that
point, we bad better let the gang
alone. If in this way we can keep
the gang, divide their work by the
district, store the tools in some
house, look them up, and have the
Ordinary to look after them once a
month, at least.
Now, Mr. Editor, a few words
in regard to bond issue. If the
people who are pretending to mold
future proceedings cannot solve its
BANKS COUNTY JOURNAL
Devoted to Giving the News, Encouraging the Progress, and Aiding the Prosperity of BanKs County.
Shall We go After
The Railroad.
Other routes offer many advan
tages. What can we on the west
route offer! I>o we want the inter
urban people to consider this
route.
If we lie without a railroad as
long as we have been without in
the past, it will be a long time a
eoming. If wo wait foi it, it may
not come. If we go out after it,
we may get it. This is the last
opportunity we have had; it may
lie the best one we shall ever have.
Who knows! If you are a plucky
people get busy along this west
route. If you want the road say
so, and say it loud. If you do not
want it say so. lust tell them it
will scare the cows and frighten the
children.
If we are to get this line each
neighborhood along the proposed
west route should organize com
mittees to gather statistics, on
rights of way, cross tics, locations
l of town sites, etc. you want to get
everybody along the line full of
“ginger”—nothing stronger—and
the right sort of ginger at that.
It is said that Carnesville will
put up at least $35,000.
What can we do!
Let’s have some committees to
set to work at once both local and
j general and lets get up some idea
iof subscription, right of way, etc.
j and get in touch with the back
| Imne of this movement before it is
too late.
Let's submit a proposition so in
teresting along this west route that
the interurban people will stop to
I consider.
Think of the growth of Homer
in a couple of years,—a dozen
brick stores, an oil mill, a ware
* house, population quadrupled.
Can it Is* possible! Yes. Prob
able! (let busy.
Are we asleep! II lot let’s sit
up and take notice.
A TLA NT A A\VA K KN KI).
“Atlanta has waked up to the
fact that there is going to be an in
j lerurban railway from the southern
I terminus of the Duke lines in the
< arolinas through this section of
Georgia and to the capital, Atlanta,
and the Chamber of Commerce of
| that city is going to work to make
jit easy to get into Atlanta. The
prospectors are looking over two
I routes —one by Gainesville and an
| other by Athens. There is a third
| route in which the people, by the
way, are becoming interested —a
; line which will cut through be
| tween the country accommodated
iby the Southern Bailway and the
other strip which the Seaboard
supplies with transportation.” —
{Athens Banner.
own problems, they had better step
down and out and admit their in
ability, rather than saddle a debt
on coming generations. Because
the children of the future, that
would have to assume the payment
of an imposition imposed by us,
when they had no say in it, will be
poorer than we are; Ijeeause the
property will fie sub-divided and
more to be fed, and by that time
| will be scraped off into the streams,:
and the same attempt to out live
their means as now, will lie run
n,ng higher; and if they have to;
i tote the expenses of their day and
our expenses both, through our in
ability to carry our own —if we
could look and see their condition,
we would surely regret we ever
lived.
The Protestant world would tell
you the Bible was from the best of
authority, by way of advice; if
you think so, please read a little
of it, for it says before launching
out on any undertaking first count
the cost. If I was any way super
stitious I would contend that was
j said for us on this occasion. I
think it amply applies today. 1
! also believe free labor possible, as
will be argued at next meetiug.
A. J. Case.
Homer, Banks County, Georgia, Thursday, June 12, 1913-
The Convicts and
the Bond Issue.
Elsewhere in this paper we pub
lish an article from Mr. A. J. Cash
touching upon the financial eon
; dition of Banks county and its fu
ture welfare and development.
Mr. Cash is a good writer, a good
reasoner, a good financier, and his
aitiele is full of food for t hought.
Like many other men, Mr. Cash is
looking out for the best interests of
the people and tax payers of the
present day as well as for the best
interests of generations to co.ne.
Now what is best! Who shall
lie authority on this subject! By
j what example shall the liest inter-
I ests of Banks county be measured!
! By what standard shall her liest in
, terests be judged?
As to the bond issue—for the
present, that is a settled question
in our mind, one that now needs
no further debating.
What use have we for a bond
issue, if we can get all the credit
we need!
Looking to the economical inter
ests of Banks county, which is to
her better interests; a bond issue
at a low rate of interest? or more
credit at a higher rate! or time
prices at the usual rate! Show us
the economical side of this propo
sition, and when we are shown
there we stand. No rate of inter
est is so low as interest, on bonds.
The county already owes $39,000
and will owe $30,000 more in some
form some time. Banks county
may never pay it all; but, if we do
not, we will all die owing it, and
there will be a debt left for unborn
generations to pay, or suffer the
humility of our having owed the
debt, got some value for it, and re
fused to pay it.
A hundred thousand dollars is a
maximum bond issue; one-third of
this would pay the debts of the
county, one third to build bridges
one third to continue the chaingatig
until all the roads arc worked.
Fifty thousand dollars is a mini
mum bond issue; two thirds of this
would pay Banks county’s debts,
one-third would build some good
bridges w here they are now so bad
ly needed, and this would bike up
the minimum bond issue. The
people would then know exactly
the rate of interest they are paying.
Is it Ixitter to pay this rate than to
pay rates and prices that you know
not oft
Under certain conditions we
would favor a bond issue ot either
amount; under some other condi
tions we would oppose bonds sis
strongly as would Mr. Cash.
We believe the principal of a
bond issue is l ight. We believe a
bond issue will be the best solu
tion of the financial condition of
Banks county’s affairs.
This is our opinion—the opinion
ol one man. Let others take what
ever course they choose; we want
the liest, if we know what the best
is.
We doubtless misunderstood the
object of the July meeting. We
did not bike the matter so serious
as to think that the prime object
of the deferred July meeting was for
the discussion of a great financial
problem, the greatest that ever hit
Banks county. We thought the
object of the July meeting was for
the purpose of delay only, or a
joke or a filibuster.
Mr. Cash states in his article
that the only living relief for Banks
county is to abandon thechaingang
for the present. How is this chain
gang to be abandoned! Our offi
i cials have refused to abolish it.
i Now how are you to get about it?
There are certain sections in
j Banks county w'here no roads have
been graded at all. What are these
people to do if the work ceases?
They have been bearing their bur
j den of taxation to work roads for
Mass Meeting Adjourned
to Third Monday in July
Pursuant to call of ordinary T.
F. Hill about one hundred citizens
met at the court house Saturday
afternoon to decide whPther or not
the working of the convicts ou the
public roads should bo continued,
and if the work be continued to ar
range for an election lor a bond is
sue. The meeting was organized
by electing Col. Oscar Brown as
chairman and Hon. G. G. Strange
as see At ary.
Col. Brown stated that Judge
Hill was sick and could not attend
the meeting and that certain sec
tion were not represented.
It was stated that the meeting
had been advertised only a short
time and that the representation
was small.
l>r. O. N. Harden moved to post
pone the meeting until tost Tues
day in July. This motion was
amended by Mr. A. J. Cash sug
gestiug the third Monday in July.
Mr. J. M. Garrison, of Gillsville,
objected to the postponement on
the ground that the county is bad
ly iu debt and out of funds, and to
continue the work would increase
the indebtedness.
Mr. J. A. Martiu also spoke In
favor of taking definite action now.
When the question was put to a
vote the amendment carried, and
the meeting will re assemble on the
third Monday in July.
It is currently reported that Mr.
8. S. Garter, of Lula, will finance
the county, or iu other words fur
nish supplies and other necessaries
in order to cont inue the good roads
woi k.
It will be about five or six months
before any taxes are collected.
There may or may not be any
bond election this year. < )no thing
certain: sentiment is against bonds
and none will be floated this year.
The meeting in July may be
more interesting, the speakers
more numerous, and the hearers
more enthusiastic.
other districts. What are they to
do for good roads!
is it fair! is it light! is it just!
is it best that these people in other
districts get no good roads and still
Ik; taxed to pay for the working of
other roads! Is it bast that they
have no roads at all. Now count
the cost. Our county tax last year
was something like #lB,OOO. We
owe, estimated #30,000. seems
we have been using all our tax
money and getting into debt about
#7,800 yearly average. This would
make our average running expense
all told about #25,500. It is true
this includes mules equipment,
etc.
Now what shall we do for the
best! Shall we go on year after
year piling up thousands of dollars
on our indebtedness at whatever
rate of interest is charged us! or
shall we issue bonds! or shall we
quit and levy direct tax!
Add about sixty-live cents to the
tax paid last year and the rate
state and county would be $2.25
on the hundred dollars. This would
raise about #25,000 or enough to
run the county as it has been run
ning, leaving the indebtedness all
unpaid.
If you will add another sixty-five
cents you will have a rate of about
#20.00 on the thousand and in four
or five years time at this rate we
might be out of debt.
May be while we are parleying
over the matter the road to Lula
will be worked; and, then, if the
chaingang is abolished, let the
tools be stored away in some good
place until our county treasury is
flushed with gold.
Then in the language of the poet
we each can say.
“I long to hail that season
By gifted minds foretold,
When man shall live by reason
And not alone by gold.”
M/SS BELLE PATTERSON
WINS BOOSTER PRIZE
SILK DRESS WON BY
MISS MARGIE GARRISON
HISSES MAUDE YOUNG, BELIE PATTERSON AND
ELLA HILL TIED ON THE SECOND SPECIAL
PRIZE—HISS HARY GRIFFIN WINNER
OF THIRD SPECIAL PRIZE.
The silk dress and trimmings to
match at Sailers Mercantile Cos.
was won by Miss Margie Garrison,
the second special prize $5 value in
merchandise at Hix’s store won by
Misses Maude Young, Belle Patter
son and Ella Hill each being en
titled to one third, the last special
prize $5 value in shoes at Black
well Bros, won by Miss Mary Grif
fin.
No. 14 is a tine prophet that’s
what she is. Some weeks ago she
predicted that No. 12 would be the
winner of the Booster Prize. No.
12 and some of her close friends
came in on the last day with 37
new subscriptions which added to
the 11 already to her credit gave
her a total of 48 new ones. There
were several others mighty close
behind who lacked just a few of
winning. But the Booster Prize in
terest is all over now; and those
who did any special work for the
Booster or special prize have a nice
bunch of votes to their credit on
the last count for the Pianos and
other general prizes.
Those who have put forth effort
to win these prizes see what good
results come from steady work.
Those who made loss effort sec what
can be accomplished by friends.
The organized effort and system*
atic work on the part of the friends
of Miss Patterson is the real secret
of her. success. She was here on
the afternoon and night of the
count, but was not aware of the
work done for her by her friends.
Can you imagine her surprise when
she heard the glad news that she
was the winner of the silverware.
Those who work are winners,
and those who work actively will
get the support of their friends.
Those who do no work at all are
not contestants, their friends lose
interest in them and vote for some
other candidate.
We sing of “December as pleas
Gains of Contestants Thiß Week.
Miss Belle Patterson... 142,425
Miss Margie Garrison. 62,125
Miss Kate Wright 58,150
Miss Mabel Ledford... 40,000
Mis. 11 omer Thompson 2J,000
Mrs. Hattie Wheeler . 20,675
Miss Kate Haulbrook.. 15,000
Standing of Contestants Tuesday, June 10th.
Winners of Votes
N AM e PostoFfioe Special Prizes Received
Miss Mabel Ledford Bellton Ist—Mar. II 602,375
Mis. Homer Thompson Maysville Ist—Apr. 15 387,625
Miss Kate Wright Commerce, K. 29 ..2d—Mar. 11 365,125
Miss Belle Patterson Maysville, R. 28 355,500
Miss Margie Garrison Homer, It. 1 342,875
Miss Kate Haulbrook Maysville 2d—Apr. 15 319,675
Mrs. Hattie Wheeler Lula, R. 3 Ist—Apr. 15 311,100
Miss Beulah Simmons Homer, R. 1 240,625
Miss May Hyder Lula, R. 3 2d—Apr. 15 236,200
Miss Mary Griffin Homer 230,975
Miss Boyce Threlkeld Lula, R. 3 176,100
Mias Maude Young Homer, R. 1 147,650
Mias Esther Wise Baldwin, R. 1 133,975
Mias Annie Duckett Baldwin, R. 1 114,300
Mias Mary Langford Commerce, R. 29 108,725
Miss Pauline Patton Bellton 101,475
Mrs. E. V. Cash Ashland, It. 1 98,600
Mias Gertrude Griffin Maysville, R. 1 96,125
Mrs. Bessie Carlton Clyatt. .Lula 94,700
Miss Ella Hill Homer, R. 2 8l^ 875
Mrs. Annie Allan Jones Alto, R. 1 <7,700
ant as May,” and this week wc can
substitute January as pleasant as
June.
Now when you stop working for
a few days your vote will stop count
ing. If the cool weather cotinues
it will not be too hot to wear your
thinking cap.
By reference to the list of gains
this week you will find Miss Belle
Patterson leading;Miss Margie Gar
rison, second; Miss Kate Wright
third; Miss Mabel Ledford fourth
and Mrs. Homer Thompson fifth.
Nine other's make smaller gains.
There were some changes in posi
tion in the general standing this
week.
The greatest change made was
Miss Belle Patterson going from
tenth place to fourth, and one ten
year Subscription added to her
present standing would give her
second place.
Miss Kate Haulbrook drops
from fourth place to sixth. Mrs.
Hattie Wheeler from fifth to sev
enth; this place now being occu
pied by Miss Margie Garrison. A
ten year subscription would give
her second place, or a twenty year
subscription for Mis. Hattie
Wheeler would land her right next
to the top.
Now for an eight week’s home
stretch and it’s all over.
Sixteen prizes in all to be dis
tributed. The Journal has three
at a value of $850; and the mer
chants have thirteen, va1ue5277.50.
If you have not already done so,
pick out the one you want, let
your friends know your choice and
they ivill help you climb to the
top, if that be your choice.
If you can win a piano in eight
weeks you arc fortunate, fortunate
in earning about $45 or $5O a week.
Do you want a piano in your
home? If so, do you want the
best!
Miss Annie Duckett... 5,875
Miss Maude Young 4,650
Miss May Hyder........ 2,775
Miss Gertrude Griffin,. 2,350
Miss Mary Langford... 2,175
Miss Boyce Threlkeld.. 2,025
Miss Beulah Simmons.. 500
NO. IO