The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1895-03-16

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 a large part
of the warrants are held by eastern
capitalists and it is merely a question
as to whether they shall be paid 8 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 it shall be used for the
purpose set out in the call This cal
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
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 $500 per month
on charity. so per cent. of which is be-
slowed upon families where the nus
band and father would work were on
portunity afforded. By an expenditure
of money for work this burden would
be materially lessened.
The wheelmen of the city and county
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 in repairs on these thorough
fares and the main lines leading to the
city and travel will be greatly impeded.
Both these and State road require more
or less attention. and without money
they will soon be in a very bad con-
dition.
In connection with the matter of
bonds a gentleman said yesterd Y:
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
first, principal and interest, have been
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 $40 600.
THAT without bonds the laboring
man is paid in warrants that he IS
compelled to sell at discount of from
10 to Is per cent.
'sThat every person voting against
the bonds votes to close many of the
schools of the county,
a revision of the polling places was
made yesterday 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.
If this be coffee give me tea; if this
be tea give me coffee. The ordinary
Judgment is, 1 don't want either. Ny
grocer must give me DR.. Prices Cream