Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1893-07-20
MULTIPLICATION PROPOSED.


This city has outstanding obligations
In the form Of municipal bonds to the
amount { 81 800, 900 and school bonds
to the amount Of $3.50, 0u0, oil drawing
interest at the rate " Ave per cent per
Rnnum, adding sll0,25O year more.
We are aware that the law holda the
city IN n municipality and u, school
district to be two separate and distinct
ihings; tut the law also holds that the
city ~ a city and without distinctions
Of any kind Ia held for the whole
amount, and II IL thereby 10 much
Indebtedness which the city NJ such
has to pay. A law Of Congress ha-
limited the total amount TO which the
city shall become Indebted for any and
all purposes, and with tho school
bonds counted In II Ia many hun.
drcds OF thousands over ils limit.
But giving those who persist In adher'
log TO the technical point that the
school Indebtedness must not be
reekoned In such connection the
benefit Of their claim, aud lvav.
ing II out altogether, tbs situation 10
such AZ affords very little comfort TO the
upholdefs Of reckless extravagnnce-
those who dispose Of the matter with
the statement that the end Justifite
the means, as well as those who hold
that because they are In control their
acts arc not TO be questioned.
Bonds for 100000 have also been
issued M fund for the completion OF
the gravity sewer and this added TO the
bonded Indebtedness with lnterest), Of
sl,625,OOO for municipal purposes
makes 81 925, 900; then there arc bills
receivable and bills accruing TO an
amount that we know not Of, but
which aggregated must be cGnsldorable,
all combined putting the city up to the
limit OF Its capacity 10 Incur obllga-
tions, II Indeed II Ia not far beyond
that line. In the face OF all this the
city 10 issuing warrants and has
already issued them to the extent Of
$4,000 and the proposition Is to make
these bear Interest, as witness the
following now awaiting action at the
hands Of the Council
Resolved, That hereafter, and until
further order Of this Council, Il shall be
the duty OF the treasurer OF the city,
whore any warrant duly issued by IA
city auditor shall be- presented to said
treasurer and IL not paid ON such preson.
tation for want Of funds wish which 10
pay the same, 10 endorse ON the back Of
such warrant the date OF presentation Of
such warrant 10 him, and the fact that Ii
was not paid for want OF funds, aud
sign such endorsement with his Official
hignAtuTej and be It further
Resolved, That all warrants 40 en-.
dorsed shall bear interest ~ the rate OF
per cent per annum from the date Of
such Presentation until paid, and tho city
will pay such Interest whom the principal
Of such warrant Is paid.
The remainder OF the resolution pro.
vldes for the calling In OF such war.
Tants by Advertisement, and the con.
tinuance OF the interest In case they
are not redeemed after such advertise.
ment.
Now n this IL not an evasion or pro.
posed evasion OF a law OF Congress,
what is it9 And It might as well, for
all practical purposes, declare that law
nulllty and the city beyond tho con.
troll Of Congress, The whole matter
contains but little that reflects crrdi,
upon the municipal solOns. That they
have Tecklessly incurred obligations
and for the purpose Of Tewarling
favorites have paid dispIoporlionate
salaries TO useful officers ana created
tfiices that were not useful to put
other iavorites into, Is all well enough
known. That they have run the city
70 far In debt and exhausted liz bond.
ing power in order to continue the
extTavagant regime Ia BAD enough; bul
to actually propose at onoe au
unlimited increase Of obligation,
aud scheme Of nulhhcauun
10 mesls OF meeting uuJusu
nahlr ends 10 something that ought 10
be- nipped In the bud, ami without
further hesitation.