Show ROAD PLANS OF WATERS AND BOURNE an expenditure of three bit ton ion dot del lars inn for good roads roada one billion be arg for construction and two billion for maintenance the investment ex tending over a period of fifty years year was proposed in R plan submitted to the joint congressional committee on federal aid in the construction of post roads roada by former senator lourne JLou rne of argeon senator P bourne 0 8 plan lilan arr provides vides for federal and state operation cooperation co he also alo suggests Bugge att that of a national school of cl highway and bridge engineering from which trained specialists in road building would be supplied to the various states the billion dollar construction fund to senator bournes plans would be apportioned among the hie states state on the hols bis of urea area pop ula ul atton tion assessed aBs essed valuation and road mileage the gateb would to te re quested to deposit in the united beate treasury troa sury fifty years fotr per cent bonds for the amount due them the government would then than loan ube the par value thereof for road construction the government raising its fund by the sale aale of fifty year nontaxable don bon taxable three per cent cant bonds bond by crediting each tate state every year with the excess one per cent in interest on conme iv itata bonds bond and allow ing three per cent interest tote a on the lly amount compounded andua annually a sinking hind fund would be it la Is estimated from bich tho the soy gov ornament would pay oft off the bonds bond at the end of fifty years and the state tilte would be relieved of 0 the payment of principal on its it bonds bond this plan la Is iome somewhat what similar to one recently proposed by J 0 water of duchesne Ouch eane at the lat last meet ilg of the federation of commercial clubs at myton mr waters water was waa av ap pointed a committee of one to draft i a bill to be submitted to congress cong reia ahe bill will come up tor for discussion at the next meeting of tho th clubs at Due ducheane beene in july |