BULLETIN OF THE 



No. 136 



Contribution by the Office of Public Roads, Logan Waller Page, Director 

 February 12, 1915. 



HIGHWAY BONDS: 



A COMPILATION OF DATA AND AN ANALYSIS OF ECONOMIC 



FEATURES AFFECTING CONSTRUCTION AND MAINTENANCE 



OF HIGHWAYS FINANCED BY BOND ISSUES, AND THE 



THEORY OF HIGHWAY BOND CALCULATIONS. 



LAURENCE I. HEWES, 



Chief, Economics and Maintenance, Office of Public Roads, 



and 



JAMES W. GLOVER, 



Professor of Mathematics and Insurance, University of Michigan, 



Collaborator, Office of Public Road's. 



WASHINGTON : GOVERNMENT PRINTING OFFICE : 1916 



