The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1895-03-17
BOND ELECTION MONDAY.
GREAT INTEREST MANIFESTED
OVER THE PROBABLE RESULT.

On Monday next the bond election will
take place and great is the interest
manifested. There is some opposition
to the issuance Of bonds in certain
quarters, but the prevailing opinion IS
that they will pass. One of the chief
objections advanced is that eastern
capital will take the obligations and
this county will be drained of interest
money which should be kept at home.
This position is antagonized by this
argument: AT this time d large part
of the warrants are held by eastern
capitalists and it is merely a question
as to whether they will be paid per
cent per annum on their holdings, or
5 per cent. a great many seem to in
cline to the belief that these bonds are
an additional burden upon the county.
AS matter Of fact, every dollar OF the
proceeds of the sale of bonds will be
applied to funding the present indebt-
edness. The county court will not have
the handling of the money; the law
providing that 1t shall be used for the
purpose set out in the call. This call
provides that all of the proceeds shall
be applied to the funding of the debt.
save what shall be absolutely required
in needed repairs on roads and bridges.
From careful estimates the court is Of
the opinion that $4,000 Of this sum will
suffice, which amount includes the
completion of State road, which is in a
very bad condition at present.
The workingmen are becoming inter
ested in this latter project, inaSmuch
as the passage of the proposition
means immediate work The county is
spending now $500 or 5000 per month on
charity, 80 per cent Of which is be-
slowed upon families where the hus-
band and father would work were OPP
portunity afforded. BY an expenditure
of money for work this burden would
be materially iessened.
The wheelmen of the city and county
and those who have an interest in the
southern and eastern boulevards are
taking UP the question of good roads
together with the farmers. Unless
bonds are voted there can be no money
expended on repairs on these thorough
fares and the main lines leading to the
city, and travel will be greatly i'm
peded. Both these and State road re-
quire more or less attention, and with
out money they viii soon be in very
bad condition.
In connection with the matter Of
bonds a gentleman said yesterday:
1.-THE law positively provides that no
further Indebtedness, either by Issuing
bonds or warrants, can be created by
this or any subsequent court, until the
III principal anu Interest, nave DEtn
paid in full. That the saving to the
county by issuing bonds in the matter
of interest, and on the purchase of
supplies for the county on a cash basis.
will amount annually to over 500 900.
THAT without bonds the laboring
man is paid in warrants that he is
compelled to sell at discount or from
10 to Is per cent.
That every person voting against
ftA ~ - o1A - !,
schools of the county,
A revision of the polling places was
made Friday and the election will be
held in Salt Lake at the following
places:
First precinct West entrance joint
building.
Second precinct: Old county court
house.
Third precinct: Old Sixteenth ward
school house.
Fourth precinct: Burlington school.
Fifth precinct: Police headquarters.