Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1896-07-09
Mr.. GEDDES OBJECTS
To Staten MS Of The News on The
County Bond QUESTION.
mE CLAIMS noNos ARE CHEAPER
1hn War'ans- iho Qu ,lion of
'so,nd on y" an ".oli" In
the m,f M Utul.,

statements made IA an editorial winch
Appeared Ia this paper, Representa-.
tive Of the NEWS called upon Chair.
man Geddes this morning. and asked
him few questions, which were
promptly answered ~ f9llowt:
"DJ you dtslfc, SIT. GcdJss, g. say
anything Ia reply 20 the NEWS cd.
totial Of July let, criticisiug the action
Of the county commissioners IN bond.
ing the county,"
"Yes; certainly am ut loss to
Understand why this article was writ.
ten; for had the writer dcslied, what
teens 10 be claimed rs its object, va.
e waning agalns, any Increase In thu
county tax, he must have considered
not only that part Of the question
which, presented alone, might lead
the average reader TO cjnsilcr the con.
olusion fuscuud MS iustihablp, but he
would have presented II IN an u unbiased
manner, considering both sides VI the
question, aud lot the reader have as
much light ~ possible. By 20 doing
hc could only have concluded that In
otIet g. prevent au iucTua,c In county
taxes it ie absolutely urCyn Afy that
the warrants mu\' be- taken up AID
bonGs Issued In tn,ir place"
"ln what way do you consider that
any imrortanl part Of The question was
oyAiuu?"
"Woil, the whole article ~ based on
the assumption that au Ce1uom.
teal administration eau, at tue
present rats " tax, with
all the Increased eHpUnFo Of Statehood
(which IN heavier on cur county than
on tho S!ats) pay the entire warrant
Indebtedness IA ten ytan, Allowing
that this can be zone, which / very
much doubt, why cannot tue bonds be
paid IN the same timer by providing
asinkiug iunu anu annually addiug
thufetO whatever amount would bs
paid 10 reduce warrants, when FUND
eau withou, III ouity bs securely iu.
vested hud draw hs nigh OF u higher
rate Ut interest than the bonds will
draw, At the oud OF ten yUatf, the tine
claimed 10 which ali warrants cuulI
10 paid, thrre would bu sufficient funds
to pay the bonds. VIVA. greater In.
ducsmeni ~ there for tho county com.
mlssionerf, whother economical OF
pthefwiss, 10 pay part Of q warrant
doOt each year than there Il g. provide
for the payment VI the same amount "
bonds la the Hame time by tbs creation
| Of u sinkiug fuud2 This beiug true, ~
10 the ultimate Iaymsnt Of the dtbl,
" would DO Ia as rood form ln
/ bonds ~ warrants, or Woe versa, Hut
the real reason Tor bJndint the county
/ Ia 10 place II on n cash basis, which will
save tbs Taxpayers, la payments Tor
merchandise anu material used, for
contracts lot, Of officers anu laboTers OF
the county, NJ logst $50. 900 4 year. The
/ county N exactly 40 nm individual
would DO In making purchase; II no
| pays cash he eau get the closest POSI-.
bic price, Tut n he pays for them by
| giving his note, uuo In three year,
no viii have ~ pay three ycgft'
credit price, which means from ten to
twenty scr cen,um more than the oath
price. Every tunncis house Ia town
knows that la making their purchases
by paying cash thcy can clear, on a
years continuous buying, from twelve
10 twenty per cuntum above those who
buy on four months time. what
could they do ON three y6aft'
timer A good example OF this
II furnished Ia a Iuruuase the county
made about year ago. We needed
three flowing wells iOt sprinkling par.
poses, which would require about 800
ieot OF ~ iucn pipe, Inc largest house
In the Ul,y la this line OF business gave
as their closest price 23l cents u foot.
l went ~ MI. HIN OF Cunningtnn n
Co., and asked him his closest prize IA
that amout Of pipe. He said: For
I Ill 4 a
Tor l7l ceuis yer foot l bought Il
from I'm anu paid fyT II from Tue au.
per emergency fluid, which was Ca,h,
thereby saviug 10 the tax payers 80 psf
cent, or SOi.25 on q purchase VI $780,. 81.
A saving 81 10 per cent would amount
10 over 100000 year, the amount
mentioned before. Then, again, IN
$3.50, 900 now In warrants draws s Dor
cent interest anu wi cOntiuus 10
do 40 until they nre PAID, eN.
cspt that warrants issued since June b,
1895, draw tive per cent. The differences
IA interest on thcse warrants aud the
proposed bonds Is about $4,000 IN
favor OF the boAds. Ihis anu the 500, q.
| 900 yer year, with interest addeI,
would make quite n different showing
than the forced results given In tho
| News"
"What Ia your opinlon on the form
OF bond anu your objection 10 the
stand thereon taken by tho NEws2n
81 thiuK tue NEWS hRs taken stand
TINT II would uO VOL 10 correct, aud
has made statements that II would
| better either tetrgut or explain, or
iastun the charge upon the indiYiuual
peTpegTgllug tue iTaud. When your
| paper says, 'Tne truth Of the matter liz
that she aided Que por cent II rubbing
the people VI Just s0 mloh,' IL haI
better iaslen the robbery where II
belongs OF explain It's meaning. As
20 tho form OF bond aud the
difference Ia interest between tur
proposed county bond aui the
Stale bond, | will AK The NEWS.
WY uiIu't tue STATE h0at "a 'lawlui
money bono? Why wasn't lawful
money good enough f0T them? Ale
they gold advgGaio12 We're they seek.
Ing TO show tne superiority OF go.u2
Again, WHY uld tue city floht golu
bOu.s2 Were tuuy trying to uupfsoi.
ate silvVI2 Why aid the school board
issue gold bOnJ62 Are the mem.
bBTB OF cur tClool board single
standard HuvOoatt6? Why does every
city or school district Ia the State issue
gold bond,P lie our outire State cnsm.
plons oil the gold cAuat? The apsWtf