The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1895-03-10
leaving s13,755.1s received from mi

leaving S13, 1856 received from mis-
cellaneou5 sources.
It is estimated that this year the
revenue will be considerably less than
for the year 1894. The amount collect
ed from county taxes will not exceed
100000. The amounts received from
redempt1Ons from tax sales viii not eX-
coed $4,000. and the amounts received
from miscellaneous sources will aot
exceed s15.O 900. making a total Of S125.-
Geo as the estimated revenue of the
county for the year 1895.
The disbursements for the year 1894
amounted to s482, 343 A; of this amount
1857. 042.91 was diSbur5ed on court
house and grounds and SIPS, 950.39 was
diSburSed ON roads and bridges, leaving
a balance of $99,940.14 disbursed for
miscellaneous expenses.
The county building and grounds al
ready having been completed, the dis
burSements for 1896 win be limited to
the necessary and actual expenses for
maintaining the county government.
and the institutions under it's control,
which expenses are estimated as fol-
lows; The care Of paupers and in
sane, S25, GOO; this expense in 1894, was
49, 625.32. Roads and bridges, 10000:
! this expense in 1894 was s126, $50. SO. In
pense in 1894 was S6,4SS. Compensa-
ton of county officers, S25. 1000: this ex-
pense in 1894 was $32,S2S.2O. Expenses
of taking census and statistics requir-
ed by law. $4,000. Coroner'S inquests.
$1,000. Criminal expenses, $500.
| Stationery. $500. General expense
account, $4,000, which includes ex-
penses for taking care of and the
heating and lighting the county build
ing. This expense in 1894 was SIT, COO.
| Total, S121, 250.
The general expenses of the county
for the year 1894, less the amounts ex-
pended on the county building and
grounds were, s215, 290.53, which we feel
that we can cut down about 100000.
! From the above statement 1t is
| shown that with strict economy and
| by making a, reduction varying from
I 25 per cent to Is per cent in all coun-
| ty expenses. it will not be possible to
save more than $4,000 of the county's
| income and revenue for the year 1895.
which is little more than one-third of
| the interest that will accrue in 1898 on
| the valid outstanding warrants. AT
| this rate the Indebtedness as we stat
| ed above can never be paid out OF the
I revenues Of the county, and each year
will be increased from $4,000 to $40. 600
| by accruing interest.
( The interest on the amount OF out
| standing warrants at the rate OF 8 per
! cent per annurn for ten years amounts
to S27O, $3.50. The interest on the same
amount in bonds at the rate Of per
cent. per annum in the same period
amounts to 6S,991.2S, making a diff
I ference of interest in ten years OF S101..
1874 II. or a difference Of more than
! SIC, 900 q. year.
The same law that authorizes the
! issuance of these bonds provides for a
sinking fund, which fund is to be in
vested annually in county or terri
torial securities. In this way small
amount invested each year as the law
! directs will provide a fund with which
these bonds can be paid at their ma
thrifty; and which fund invested as
set aside will earn interest to at least
one-half of the total interest that will
| be paid on the bonds
The law under which these bonds
are to be issued provides that no ether
or further issues of bonds shall ever