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The Harlem News
Harlem, Blaine County, Montana
What is this article about?
William G. Ferguson reports that passing Initiative 41 would fund Montana highway work with $3M state debentures matched by federal funds, creating 3.16M man-hours of labor over two years for 752 workers, boosting state income and aiding the unemployed without new taxes.
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If Initiative 41 Passes
A study of highway employment during the last five months reveals that contractors had an average of 666 men in their employ during the period, according to William G. Ferguson, manager of the Montana Automobile association.
"State and federal funds that will be used on highway work if initiative 41 is successful at the general election will mean 3,160,000 man hours of labor during the next two years. This amount of labor is equivalent to 752 men working eight hours a day for two years," Mr. Ferguson said.
The initiative would permit the state highway commission to issue $3,000,000 in debentures to be redeemed over a period of ten years with money collected on the state gasoline tax. The federal government will grant the state more than $3,000,000 to match funds raised by sale of the debentures. Mr. Ferguson pointed out.
"Success of the initiative will prevent Montana's highway program from standing still during the next two years," he added, "without placing a new or additional tax on anyone."
"The money road workers will receive during the next two years if initiative 41 is successful will be an important part of the state's entire income as well as being a great aid toward putting unemployed men to work," Mr. Ferguson.
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Domestic News Details
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Montana
Key Persons
Outcome
if initiative 41 passes, it will provide 3,160,000 man hours of labor over two years, equivalent to 752 men working eight hours a day, preventing the highway program from standing still without new taxes, and aiding unemployed men.
Event Details
A study shows contractors employed an average of 666 men on highways in the last five months. William G. Ferguson, manager of the Montana Automobile association, states that if Initiative 41 passes, state and federal funds will fund highway work, issuing $3,000,000 in debentures redeemed by gasoline tax, matched by over $3,000,000 federal grant. This will create significant labor and income without additional taxes.