Jasper County Democrat, Volume 12, Number 55, Rensselaer, Jasper County, 23 October 1909 — MORE BOND ISSUES. [ARTICLE]

MORE BOND ISSUES.

President Taft has announced that he will ask congress at its next session to permit the secretary of the interior to issue $10,000,000 of bonds to complete the irrigation projects now under way. It is said that it will take $100,000,000 to complete the work now started, but doubtless Mr. Taft thinks it will not do, at this time, in view of his statement about cutting down expenses, to tell the public about It. But .according to a Washington dispatch there is going to be a big demand for other bond issues. The dispatch says: The request for an Irrigation bond issue of $10,000,000 or more is not the only request of the sort that will be made of congress at the coming session. The rivers and harbors congress is coming along with more than a request—a demand —for a bond issue of $50,000,000 a year for river and harbor improvementsAnother organization which is putting out a propangada in favor of the reclamation of the swamp lands of the country also intends to ask for a bond issue, if the government proposes to raise money in that way for the reclamation of arid lands, or for the improvement of rivers and harbors. These new demands on the treasury lead observers here to wonder what has become of that much talked of movement to reduce government expenses.