Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1894-05-09
THE Guys FINANCES.

city that ~ credit stands 20 high %
Indicated by the bids offered Tor Tie
new Issue Of bonds. 10 pay a premium
for the city'4 paper under the condi-
tons which exist at present shows
marked confidence on the part Of
capitalists In the ability Of the munich
palliy 10 meet III obligations ne they
fall due. Ia such n sltuation " SHOULD
be the irst care Of the naturalization
to see to II that tho city's credit either
present or prospective, Is not sul Joeled
to any process ofimpaifmont by reason
OF cKtrAvEganco OF Of unnecessarily
heavy burdens upon the Taxpayers
who ultimately have to furnish the
cash.
Tue majority Of the present City
Council were elected ON reform
platform. The verdict at the polls last
November was notice from the people
that they had had enough Of reckless
extiAvagAnou aud misuse Of munic'
ipal funds. The city then had
reached tho point Of financial collapse
under the powers u possessed 90 i'l''
was secured oy eA'ehuing j" oofio"ihs
capacity; this proceeding being an exc
hlbilion Of confidence that the new
administration would not abuse ils
trust as the previous one hAu zone anu
Mt Tue end OF l's term leave me Guy IN
hopelessly insolvent condition. Al
the same time the sentiment OF 'he
voters vas lha1 pubic improvements
DO carried on win reasonable ull'
gencc' rs the soeu OF inc olu@ehs might
require
Less 'hAh h'e months mas elApseu
since Tue Nc" administration TOOK hoIu
OF huaifs' anu 'hv mahhet OF no"
theso are being conducted Ia beginning
70 sho" iof lbelL Ihe nguTes anu
arguments presented In TIE Cl'y C9un'
ell Al last evenings se-sion VIII arouse
IN mo minus OF 'ho taxpayers some
Petp'eAius Pueauon'i anu u matters go
ON as 'hey are u looks a. 'housh prop
cry owners VIII become eohNiheeu
thA' thihgs arc becoming no better
highy last TAKE Tor Instance the
Guy anu county ou'lulhg' lhe COM
mi'1ee reports That there might be
mAue 'hefe temporary saving Of
s-bOVO ~ 10 improvements that were
ln'ouueu' RUS mean. 'hat II the
council hAd not sent a special COM
ml''eo 10 LOOK in'o TINS business lhufo
"ouIu nave oeeh s-''oJO spent on mat
IuiIulhg lof Whloh mere was no neces'
si'y a. lhe present Time
lhe showing mAue 10 'ha' tue TAX
payers are peing hoodwinked and do
oelNel ana imposed upon in THIS CITY
ana county building business The
estimates OF expenditures on that
structure nave Geen continued mis-
STATEMENTS whose only purpose, NJ
IM us those VINO furnished the
hsutes 70 the OFFICIALS who pre-
sen'ed them Is concerned, could
DO 10 ullh'eAu we puule, ana VIII
arouse storm OF Indignation when the
lAom become KNOWN Asan example
l1may be stated that atew months ago
as shown by hgnres submitted To III,
Council the estimated expenditure on
behalf OF the CITY lhis year on thai
building was placed at 100000. Al
ready tue amount hos been nearly
doubled, anu It Is certain that the eN
penso VIII be still further heavily IN.
creased unless there Is q change In 'h'
program.
THIS matler OF deoeivlns tho publ,
Is not wholly on the par. OF the city
but the county has a large measure o.
responsibility. The grossness OF IN,
fraud that is being perpetrRIod
shown not only by the figures q