Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1894-02-26
Tug NEW BoSD ISSUE.

AS the NEWS has pointed out al
ready, the extension Of the city.
borrowing capacity by special act OF
Congress Il not an occasion for the
Municipality going into debt one dollar
more than 10 required by urgent necth'
sity. The fact that we had ~ get Tho
special permission referred 10 should
be Of itself a warning to reduce the
existing Indebtedness as quickly n IL
consistent with present conditions, lesl
tho city DO drawn further into the
vortex byloHlrAvagant Encouragement
Of IT, financial Affairs, and virtual
bankruptcy DO tho result Tho people
desire that the municipal program
should DO progressive; they also have
given unmistakable oXpfuasion OF
their will that Il shall DO fford from
extravaganza and lobbVry, aud be con-
Quoted upon lines Of strict economy.
It IL quite probable, now that the
city'a Indebtedness can be legally aug
mented, that the Council will give
early consideration 70 tho subject OF
Issuing more bonds. That there must
DO some issue, all who arc acquainted
with the situation will admit. The
question H., How much more must We
borrow now2 aud II would be- well V
the proposition could DO laid before
the taxpayers ami an expression OBJ
tanned thereon from them, alter ifco
and fair discussion. The municipal
Council needs all the light and wisdom
Il eau get on this subject, that IL acts
may receive tho endorsement Of tho
people; for should II happen to no
beyond what the public may regard as
the proper line Ia tho borrowing busi'
ness, it, members will DO hold up
10 everlasting obloquy as having
been untrue to tho trust Tep0sed
ia them ut a critical tlmo. On the
other hand, II Ia administration 10 In
complete touch with the reform policy,
even though II DO unable 10 eIIricalo
the city fr0m It's financial cmharrasa.
menl, ia members will secure the uu.
dying gratitude OF tho people.
Every taxpayer has light to iu-
qulre into this situation until II 10
thoroughly understood by him, and
may freely discuss II and give expires.
sion 10 his opinions. In nv doing he
does not infringe upon any official pre-
rogatiye, for officers arc but repre-.
sentatlyes Of the people, 10 DO the will
OF the lAttor In legal form sud order. IL
10 proper, Therefore, In time like the
present, that suggestions upon an
absorbing topic should DO offered and
considered without prejudice, over.
sensitiyeness or ill.will. No par.
tcular individual In tho cOm.
munily possesses all tho good
ideas or human wisdom that may
DO brought to bear upon tho subject,
but by careful procedure the best may
be gathered, aud harmonious action
result.
with tho extended borrowing ca
pacily Of the city, bonds could be Issued
TO more than ssBO,0Jl above those out
at present, but to do 10 would be- yN-
tTeme folly, And In a short limo would
leave the municipality DO perfectly
helpless condition. The only proper
course ia to reduce tho issue 60 d
minimum consistent with the Clly'a
needs. What these aro can bu rasly
determined, and Ii Is doubtful whether
there Is necessity Of borrowing, al
present at any rate, more than TO ono
third Of the full limit, OF about $500,
600 at the outside.
IL may be- suggested that an onicia
estimate i0r the year has been mad,
already, and that 1t indicates u nuces
Hty for going nearly 10 the ull eXtuu,
Of the law. There can be-, aud o., 0
great difference uf opinion ffom tna
view without questioning or uasaIliug
the integrity OF the official estimate DO
slightest degree. For instance, lhO
income from license Is there tsumul,.
90 8ll5,O0l-auGmlunt larger than auJ
previous year But after proceeding
two months Arlhgrin,o 1894 aud got
ting "a closer view OF the business out
look, what cluarheadtd business man
whose Vision has not been obsuugeI D..
"bl0mp ideas, viii venture 20 plaa
the figure az present prospects aUoy
$4,000 10 $4,000? The lapse OF ON,
sixth Of the year easily puts new
phase on affairs
Then 10 Is stated also tina, 1928 900
needed Tor the gravity sewcr-s.O, 900
Of this for land Tor tho outlet. Ia
100000 tOr that purpose may have bee,
all right some time back, but to propos
'uch a sum today Tor the require