Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1894-04-23
MAINTAIN 1ng cnps nONOR.

MAINTAIN THE CIIpS HONOR.
The reputation " an Individual IN
business. II worth moro 20 him than
The amount Of capital At his command.
n heis known Tor his business ia.
togriiy he H. deemed worthy Of conf.
denoc, and thv matter Of cash becomes
secondary consideration even In thcsl
times when money seems 10 be- the
great moving power; Tor the force be-
hind any such movement IL basoi On
the honor Of the peuon manipulating
the finances. II be fails 30 keep biz
engagements with scrupul1us
regard Tor pledges no may have
madc, or treats bis promises ~
Of little worth, It Is not great distanc,
10 the end Of his lcthcr aud consequent
dlaastor But u he bo n man whose
word Is known to DO better than l0nd,
aud Of whose cfsdibiliiy thorn can DO
no question, confidence, stability and
success dow to him as natural
sequence.
A. It IL with individuals, that
reputable And worthy people rcgari
promises made ~ Of more Importance
in i1ldlmont than Is the value Of
property. 20 should II be- with
corporations, public AMI private.
IL a municipality enters into On
agreoment and 1t IL accepted ani
acted upon VA good faith by tho other
party, thon that agreement should be
carried out regardless Of the fact
whether or not II was made obligatory
ne a matter OF enforcement through the
machinery Of this law. it should be-
abrogalod only as matter u necessity
based upon both legal AMI moral rta.
sons. No city eau AFFORD 10 make itB
moral obligation less binding than its
legal bonds.
These auggeatlons will apply 10 con.
ditlons which exist ia tubs rerfl.
tosy At present. Once VIZ were a great
silver producer, aud capitalists we're
willing t. make almost unlimited In.
veeimonls In enterprises Tor obtaining
the white metal. But silver has been
degraded IN tho commercial world,
ana there IL no longer money 10 give
life 90 the Industrial movement In H.
production. But even with silver
stricken down, this Territory possesses
vastness OF mineral wealth beside
which this one industry IL but pigmy.
There Is wonderful richness
In It's coal, IT. iron, IT, cop.
per, anu other mineral deposits,
whose extent has mover been comprs.
hsndod; but these cannot be- developed
without capital, ana 80 far as the situa.
ton Is At present. foreign capital. The
Territory needs badly this capital We
have the Resources and all that Is
necessary to justify its Investment, II
business honor Il maintained.
The question OF the latter IL an issue
that 10 now coming to the front. Every.
body has heard Of the copper plant
aud the Inducements that were Of.
fered for iA location here. Among
these was an appropriation OF sg5, 900
by the city. There was some question
M TO tho proprlety Of its being made,
raised by the NEWS Mt the time. But
that matter was settled by the
City Council passing tho appfoprI.
alton. The city's word was
given, and on this the copper plant
people proceeded and h vo invested n
very large amount 30 tar as we can
learn their part Of the bargain has
been observed. The question now Is,
what will the city do2 As moral
obligation, tho keeping Of tho cltyis
promise Is worth Infinitely more than
the money. Asaflnanolal proposition,
keeping the oity's credit good IL OF ten.
fold greater value IN hayiEg capital
invested here than IL the sum Involved.
There may be good reasons for any
delay that has occurred, both 90
70 the oiIy's part aud with those
whose names were on the private
subscription list but VINO have
failed 10 come to time. Il is proper
however, that tho causes for this
should be explained, that thore BIO no
impulatiou Of a breach Of faith These
suggestions are made for the consilora.
tion OF tbs parties chiefly Interested, o.
itaoems timely TO call attention to them
now. The NEWS feels that neither the
city nor other subscribers 10 the copper
plant fund can afford to lose their
credit by nogIeoung the moral 70.
fp1nsiblhly which rests upon them in
the matter. Especially should the city
administration set the example by
taking tho steps necessary to maintain
the oity's honor
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WUOEEgnMr Avn tNprrrpy.r