The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1895-10-11

eloquent during the present campaign
it has been the question of bonds.
From Woodruff to Spanish Fork ne
has talked bonds. Every audience that
has stood before him has been sur
feited with bonds. It has been bonds
in the morning, bonds in the afternoon
and bonds at night. 1t has been bonds
early and bonds late. 1t has been
bonds in villages and bonds in cities.
He ate with bonds, he slept with bonds,
ne rode With bonds. 1t has been
Bonds! bondsM bonds!!T' in ore con-
tinuous stream of all his travels.
Frank has waxed eloquent. He has
told the people of the enomnity of is
suing bonds in time of peace to conduct
the affairs of government. He has
shown how posterity will be compelled
90 bear the burden. 4Ie has sharply
criticized the policy which has sold
this country to the Rothschilds, and
that, too, without a proper sum being
realized for the bonds. This has been
his chief argument and he has asked
for the defeat of the Democratic party,
because Cleveland, partly to cover up
the deficits left by an Incompetent
and extravagant Republican admins
tration, and partly to carry out the
Republican gold monometallic scheme.
has issued bonds.
1t is somewhat peculiar that Frank
Cannon should have chosen subject
with which he is thoroughly familiar.
He speaks on this subject with an air
of authority. For if there is anybody
an this country who knows anything
about issuing bonds it is this little
Napoleon of Ogden.
While Mayor Turner was chief eXecu-
tive of Ogden, in the years 1872, Frank
Cannon was chairman Of the finance
committee Of the Ogden city council.
Now during the two previous admins
trations, those of Mayor Eccles and
Mayor Kiesel, some bonds had been
issued, 100000 under the former, and
$4,000 under the latter. Both these
issues were issued to draw per cent
per dnnum and were readily taken at
par and set well on the market.
Franks Bond Record.
It was when Mayor Turner took of
fee, however, that the people of ogden
began to get bonds with vengeance.
The first issue was made June 1, 1891.
This was a remarkable issue too.
Whereas the former bonds had borne
but 5 per cent interest these bore 6 per
cent. They were not advertised for
sale, so that bids could be made on
them, and it was proposed to pay $1,000
TO the firm taking the issue. The pro-
position was advanced by the COM
mittee, of which Frank J. Cannon was
chairman. That committee had charge
of it. A fight was made against the
proceedings by various prominent citi-
zens of Ogden, but Frank Cannon
,,-il
TO the city of Ogden because of the
bonus and the additional interest, was
$25 900 On this issue Of 500 600.
But Frank Cannon's bond experience
did not stop there. Early in 1892 an
other issue of $4,000 of bonds was
made again at 6 per cent. OF this is
she Sc 600 were used to take up the
same amount Of OOnds of former
per cent issues. IN 1855 tlere were
two more issues of $4,000 each, draw
ing per cent interest. Thus, while
Frank Cannon was chairman of the
finance committee of the Ogden city
council, there We're issues of $4,000 in
bonds many Of which were used to
pay current expenses of the city.
Under such a, showing Frank Can
non may well be called an expert in
bonds. He has had more to do with
bond issues than any single man in
Ogden. He has aided in selling the
city of Ogden to the money lenders Of
the east. He has bound on the child
rem of the present people of Ogden a
Erevious debt, which they must pay.
He did this in time of profound peace.
He die it against the protest of many
good Democrats OF Ogden. He must
repudiate himself or stop criticizsng
the bond issues OF this administration.
Democrats do not like the bond issues
They regret the necessity for them due
to Republican administration.
Mt. Pleasant Notes.
MOUNT PLEASANT, Oct. 10. We
are preparing to hear from the big
three" tonight AIessrs. Wells, Allen
and Cannon will hold forth at the
opera house, explode their pet theories
and speak their little pieces to the
public in such a manner, no doubt,
as to win faint applause.
The Democrats have opened up large,
commodious quarters in the NJ. c..
Rolph block. Bunting and flags in
profusion adorn the walls, while the
good Democratic sisters have kindly
filled the windows with beautiful
house plants, giving the place g home
like appearance. Everybody is well
come. On the outside can be seen a
large cane with the following inscrip-
ton: John TIC to l." This hangs
directly under the large notice,