Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1894-06-06
OSEnASD MUST WASH rnE OTHER.

We imagine that no fault will bo
found with the City Council Tor tue
movement toward reirenchment which
was started at that body'e last
meeting; full credit will DO ohocriuily
gwen when Il shall be made 10 appear
from the next and all succeeding
financial reports that the cutting
down Of municipal expenses has been
actual and material and not confined
10 gliltoring resolutions.
One important proposition launched
at tho meeting referred 10, ought 70 be
speedily and iavorably acted upon.
We speak Of tho resolution requiring
that tho city receive interest from the
banks with whom It's surplus Ia de-
posted, whore this amount is At oil
considerable, and whore II Is not going
10 DO required for use for definite
time. II would bo deemed aupfeme
folly In n business man, who In order
To borrow money Mt n certain rate Of
interest had obtait oil more than he i'm
mediAtely needed, 10 allow the surplus
10 lie idle In his safe while all around
him were people, thoroughly Response
bic anu perfectly good In their imam
oiAl standing, who were seeking TO
borrow aud were willing TO pay inIeTrsl
for the temporary use Of a little Of II.
II he could feel assured that II would
DO forthcoming when wanted, tho
most ordinary Kind OF business sense
would suggest 10 him that the unused
part Of hlh loan ought 10 bo doing
something toward earning IT, interest.
Tue same degree Of sense ought 10
ohaIacleriEs the course Of the munioi.
palliy. ~ heavy buTdop VI debt ha'
been incurred, aud many thousands o.
dollara In Interest will have TO be paid
every year. Under tho beet OF cir.
oumslancos aud the brightest OF pros.
poets this feature Of our outlook could
not be very reassurlng; under present
conditions II may well DO de med most
serious. Retrcnohment IL stop Ia
the right direction, and economy
In every department within the
bounds Of prudence IL expected OF the
present administration. With this
policy In view, II would be- absurd lu
neglect the saving that could DO ef'
feoled In the manner suggested. II
would be- extravaganza Of the most In,
deienHlble sort to throw away deliber.
Rtely the opportunity to make the
money ON which interest 10 accumulat.
ing every hour, but which the city
does not at present need 10 eKpend
earn few thousand dollars during the
interim between ita receipt and Ia
expenditure. No righl.ioeling citizen
will argue In favor Of that generosity
toward our friends the bankers which
would give them the use Of large sums
Of money for term Of weeks or
months for nothing. They do not do
business that way themselves, and
ought not TO expect II from Others
Rather is 10 duty IN these times Of
scarcity and depression 10 cultivate
that charity which begins at home. anu
that regard for the public welfare which
seeks TO tighten the load upon the tax
payer
The NEWS trusts that prompt ac.
tion VIII bo taken whereby thos,
Ideas may lo carried into effect
The local banks know better than W,
DO whether or no. they can afford tC
pay Interest on such deposits, anu n 30,
how much. II they can make a beItel
or as good an offer for this part Of the
olly't business ~ has been made By
Institutions At a distance, by all means
let the home houses have II. But tn,
matter should DO decided upon without
delay, A dollar saved IL dollar made
No, one cent thus saved should b,
regarded ne priyatesuap or an oiiilla
poIquisite, hut the whole amount
whether much or liulo-sEOuld x,
direct into the municipal treasury.
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