Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1893-07-20
CITY THREATENED.
The LOOlbOuTOW Warrant Resolution
Said 10 DO Illegal.
DARE THE COUNCIL ADOPT TT
should II DO so It Is Said That In.
Junction Proceedings VIII linz
medlaicly Follow

The action Of the City Council in
attempting 10 adopt Lojfbrurow's
resolution providing Tor the indiscrimi.
nate Issuance Of s per cent warrants
has stirred upa verl,ablc hornets nest
nud the busllug about couucllmanlc
heads promises TO be voyy lively for
some time to come.
Its 81 lined that the resolution will
not stand the test Of law although
drawn up by an attorney; that in fact
IL Is Illegal and II adopted will be-
carried into the courts and set aside.
why" said leading attorney to-
day, "sHlt Lake CITY already has OBJ.
legations greater than allowed by Con.
gress and In case that bankrupt measure
Is adopted the city will be onl1ineI.
More than that the whole council win
be subject TO impeachment. IIs adop-
tlon viii be nothing short Of crime.
predict that they dare not adopt II,
desperate though they are"
IL would seem that President Loot
borrow, who II the author Of the reso-
luton, has weakened on 1t somewhat
himself since Il was drawn up as
after seeing the opposition 1t stirred up
ON the minority side OF the
house and that the latter had con-
verified enough Of the majority
% their way VI thinking, 10 make a
etrong night, ~ he said curing the de.
bate: 81 DOME care continental
whether you pass IL or not. But It Is
good measure nevertheless, and
would be handy one 10 have on the
stntute books VI the city 10 use In case
OF An emergency such rs we are con.
ironted with now.n
The resolution In now on the table
where II was left by an adjournment nj
the last meeting. IL IN the intention TO
take II up NJ the next session, ana rs
expressed by n Liberal councilman TO-
day, "adopt II whether It raises a howl
or nOt.n
In the meantime the public will
watch with marked interest every
move that IL made Ia the premises and
there II no doubt but that the talked
OF Injunction will DO forthcoming Ia
case the scheme Ia carried through.
"Ihe last three years and half"
said heavy local property owner aud
taxpayer this afternoon, who spent tho
forenoon locking into the matter,
Unjust necessarily lingor long AMI un.
pleasantly In the minds OF the Salt
Lake public. They cover period "
unparalleled extTavagauoeinm unioipal
aiiaire In this Territory or anywhere
else for the matter OF that, 10 lar as
know Already II II bearing fruit most
bitter and acrid 10 the taste; financial
disaster threatens this municipal cor
p0ratiOn. Those Mt the helm may
deny 10 as often anu ~ omphatioally Rs
they can, but be Is true nevertheless.
Tho most regrclahle circumstance Ia
this connection ~ that the evil Is the
direct result OF an avoidnbIO condition
which we asa community, must live
TO see tho folly Of"
The point ON which tho alleged
illegslity OF the Loof10urow resolution
i based II that II provides a means for
incuffing Indebtedness beyond the
limit fixed by an act OF Congress
which specifies that tho bonding ctpa-
city Of muuicirRl corporation must
not exceed 4 per cent Of the assessed
valuation Of tbs property. This valu-
alton ~ not that made by the city,s
own assessor, but the valuation placed
upon It by the county for territorial
and county purposes.
According 10 a certified statement
on file IN the county cler y office
last years valuation OF city property
was exactly 1855, 600. Four por
cent OF this amounts 10 81 ,05i, 800. THIS
actually represents this bOnuing power
OF the city. Its indebtedness now
stanus:
10
linnda Issued aud uuauld.a......... $4,000 90
inlefoat lanuuallYI uu the abOgc.u 1870 20
outstanding warrants ..........,,....,..s 7Dol1 %
lotals's's' sa-' 100000 90