Engineers and Engineering Volume 14-15

Engineers and Engineering Volume 14-15

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This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1897 edition. Excerpt: ...from the road-building point of view, would be that the poor and sparsely settled counties would get their road money at as low a rate of interest as those which are rich and populous. "The Government could be further secured by the State's guaranty of the bonds, by its own supervision of the road-building, and, if necessary, by the State's conferring upon it the right to collect tolls on the roads in case of default in payment of interest or principal." The general scheme of establishing postal savings-banks finds many supporters and few opponents, except upon the score of the difficulty of finding investments or the interference with commercial savings institutions. The plan of investing in road bonds appears to remove the investment difficulty and to add great strength to the propositionXo other possible use of money on a large scale can be of greater advantage to the people of the United States. The benefits to be derived from country roads are more universal in their character than those from any other source, except, perhaps, good schools. Benefits To Farm Property By Road Improvement. The increase in cash values of the adjacent farms, due to the building of macadam roads, has been frequently estimated at $20 per acre; this estimate is based upon the average hauling of farm products and supplies and the actual saving therein, by good road9, of one dollar per acre annually; it is confirmed by actual experience in many localities in the United States; applied to the million square miles, or 640,000,000 acres, in this country, the increase of value would reach the astounding total of $12,800,000,000. Objections To The Postal Savings Plan. The objections made in behalf of commercial savings-banks will have little weight as...
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Product details

  • Paperback | 192 pages
  • 189 x 246 x 10mm | 354g
  • United States
  • English
  • black & white illustrations
  • 1236973186
  • 9781236973184