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<br />eJipended;nlhat)earlorcons.lruc. <br />Lion were actually relumcd to thc <br />treasury from projects preyious- <br />b'comp]cll'd. <br />uts f~qu"lll1y stakd tbat th.. <br />r..dctal gO\-etnD~ent should not <br />conlinue tbe con~tnlctlon 01 pub- <br />Itc \l'otka prait'dll <00 lone as it <br />mllst borrow money 10 (inanc,," <br />such projeclll. I am ..fraid that <br />people \l'ho make "lIch slale- <br />menls a~ not a....a~ of the dif. <br />Il'ren~ in Ihe bool.k('~pinc pro- <br />cpdures of a Iilr,e C'OlIlpan)' com. <br />paredwltblhoseorlhefl'..rral <br />gO\l'rnmenl. <br /> <br />. <br /> <br />Ot"l.......... <br />ilGO " <br /> <br />. <br /> <br />A large corporation SC'P<irates its <br />current operating expenSl~ !ro.n <br />capitalimpro\'ement ('J(penditurC's. <br />Sllch a large corpo,ration may sys- <br />tematically e\'ery )'ear or tll;O in- <br />creaseilscapitals.tock isslK'or <br />offer debenture bonds to finance <br />new capital impro\"('rnt'nts to pro- <br />\'idephysicalfacilitiesforilsex- <br />panding business. Xo one would <br />Question the financial soundne:>s of <br />such a prtX'\->dure. In bct, quite <br />the contrary is true. If the board ing t'xpe-n$1'S in the l('deral gO\-. ~tudy and rt'view now r\"quired by dren and our childrl'n's children <br />of directors failed to previde the l'mment. While this has Jl1!ver been law, expenditures for public works who have a right to expect that <br />physical plant required for an ex" ilC'complishl-d, at least the differ- will continue to be national in\"est. we will wisely de\"elop our natural <br />panding busmess they would soon ence b€tw"",n the two I)'pes of ex- ments to efll;ure till'" future prO!lper- resources, <br />be retired from the board. b)' the JX'nditures should ~ realized and ity of our country. Those unin- <br />stockholders. appreciated. forrnt'd critics of the pro!:ram who Reprint from The <br />In recent )'~ars therc. ha~ ~cn In my humblt opinion, just S? persist in referring to,~ublic work~ Minot Dally News <br />.c;ome interest m separatmg capltOlllong as our water resource proJ- Improveml'nts as pork barrel January 27 1960 <br />improvements from annual operat. ects an" subject tl') the detailed are doing a disservice to our chil. . <br /> <br /> <br />- <br /> <br />- - <br /> <br />:',\.1 <br /> <br />Prelfminary te~ting prior to irrigation of central and eastern farmland <br />(Garrison Re5ervoir DiversioD) <br />