The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1880-01-28
THE LEGISLATURE.
TWenty-fourth Session.
Sixteenth Days Proceedings.
COUNCIL.


- position was made OF the followir
:" business, in the order annexed:
- A message was received and res
80 from the Acting Governor, saylr
that he had approved the act char
ing the name of Hans Jorgen Chrl
Hansen to Hans Jorgen Rasmussen
E. and also the one changing Ohsrlt
=. Angel Hendrickson's name to CharlI
) Angel Henry BuloW.
A communication from Hon. Wn
Jennings, acknowledging the courseS
of the Council in extending the free
dom of its chamber, was read.
Councillor Wells introduced q bi
for an act to authorize the counties
Salt Lake, Davis, Tooele, Summit an
Wasatch to subscribe TO the capita
stock of the Utah and Eastern Rail
10 road Company. The bill passed il
frst rea1ing and was referred to to-
|; committee on printing.
3 Councillor Fotheringham presented
a petition from w. ]. Cox anc
( tWenty-se7en others, residents o
Beaver County, praying 10 have tht
boundaries of thst county changed.
Petition read and referred to the
committee on counties.
A communication from the House
announced that the Acting Governor
had approved the act prescribing
the fees for the Secretary Of the Terri
: tory.
] Councillor Game presented the re-
port OF John r. Winder, Esq, presi
, dent of the Dessert Agricultural and
Manufacturing Society, for the years
1883, which was read and referred
to the committee on r'culture,
trades and manufactures.
The committee on municipal COZ
porasions and toWnsites gave in a
majority report, on reporting back
the bill amending the charter of Salt
Lake City, which recommended an
amendment to said bill, empowering
the corporation to borrow $3.50. 000,
either by issuing bonds or otherwise,
as the Council may consider most
conducive to toe interests Of the city,
lprovided the reggie tered Voters OF the
city declare in favor Of mourning said
Indebtedness by bond or otherwise.
The report also recommended that
the bill be again referred, with in
siructions to the committee to incor-
porate the amendment in the bill.
The minority report, signed by
Councillors Smith and Caine, dis
scented from the recommendations.
The reports we're received.
CounC3l1r Cluf reported, from the
committee on roads, bridges, etc., the
report aud petition in reference to
the bridge over the Rio Virgen River,
and recommended that $1,000 be
placed in the appropriation bill to
aid in it's completion. Report &C
cepted and committee on claims, etc.,
60 instructed.
Councillor Smith moved that the bill
amending the chatter of Salt Lake
City be taken up, and also that the
recommendation OF the committee be
not concurred in.
Councillor Oluff said he understood
the original bill enabled the city to
raise revenue to bring water to the
city, which would increase the value
of the property. 1t was customary,
in all parts of the territory, that the
improvements made in taking water
out for irrie5ling were not taxed
but the land benefited by the
water was. The question of taxing |
or not taxing the bonds sought to be |
issued was the one at issue. Those
Interested in this enterprise bad COM
puted the cost at $3.50, 900, for which
they desired to issue bonds, and to in
sure their more ready sale wished |
them to be free from taxation. In
t3rett would have to be added, i'll
taxed, which would increase the total
to $3.50, 00G; the bonds would have to
be negotiated abroad, at discount; the
difference would have to be met by
the taxpayers. eventually, and this
was Unjust. If the proposition YES
made by . private individual or cor
pOration or company it would be
different; but inasmuch as it is q
public affair, in which all are in
terested, he was in favor of allowing
the provision in the bill ID re-
maip, and ne was satisfied none
of the councillors would be do
ing injury to their constituents
by passing the bill as it was. II
similar case arose, under similar cir
he would be in favor of
that as much as this, and the prece- !
dent could only be applied to a pub
lie, but to no private corporation.
Councillor Smoot did not wish to
enter into an argument row of the
propriety or improperly of issuing |
the bonds, nor whether they should |
be made taxable or not. Out of a |
committee of six, four had decided it
a very important subject that this city
should have access to one of the finest
reservoirs for water in the world, aud1
the method of doing it was what the
COMMITTEES took nnder serious consid-
Grafton. He had heard expressions
from prominent men Of the COM
munity sverse to the issue OF the
bond. Bonds meant bondage; bondage,
serVitude. He favored giving the cor
poration the privilege of issuing
bonds or borrowing money on the best
terms possible; but thought the best
way was to take the tonds east and
sell them for cash. The recommeu,
dalton was to the city to issue the
bonds, leaving the question of taxa
ton cut. He thought the means
could be raised on better terms than
to issue bonds, even worcestershire
ones. Salt Lake City's character was
90 we'll and fsvorably known that
money could be obtained very cheaply
in the east.
Councillor Smith said the selling
powers OF the bonds would be reduced
il an additional interest of II per cent.
was added; but this was only tho ter
ritorial aud county tax; there was
liability, by school and other taxes, 10
increase the amount to 5 per cent,
which would realize to the poor,
honest man, who did not try
to eVade the assessor, but 2
per cent, instead of z. Again,
they are forced out OF the territory,
and no revenue is realized from them
here, and the II per cent. is forced
out OF the pockets OF taxpayers into
those of bondholders abroad. II a
| financial theory is imprsc!icable, 1t is
absurd, and why urge that which has
been proven a failure, Councillor
Smoot said money could be oct