Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1896-07-01
INCREASING rnE lax BURDEN.

Tho ao,lon Of tho Salt Lli,u county
commissioners 20 deciding 70 FUND ne
ouutardlug inuonloinoss Of lloc1u ~
by nm Issue u $3.50. 900 b9nli means q
liicct Increase Of TIE tax burden upuu
llc property owncis Ia The county.
ruis feet 10 not ayofted by the claim
mat the warrants now behr eight pr
cent Interest, while the bond
viii boar ouly i've Per cent.
40 economical standardization Of
county antirs mi.hI Roy the
safiants vithin ten years time,
u the mosl, while the fret pay
men, On tue bonds cannot DO made
uptii alter that period.
Taking tho figures Of the case on
1scrut administration OF Salt Like
county matters tor thu n,1i ten years,
and he rteFenl Indebtedness could b
paid "a At tho rate oil SIS OuO with N
accrued interest, each year. THIS
would make tbs aggregate interest tot
trn y,afs on the warrants $40, 900; n
latal urbl 10 DO paid VI siDO 900. BJ
b Issue OF bonds ~ ordered the inter-
,st iof TIE ten years before n dollar Of
tue ptiuoipal eau be paid Ia $4,000
t.lal Of t5.j. 900, TO which must be
added an aggregate average for the
.eclud ten years Of $4,000 Interest. OF
d grant total Of debt TO be met Of f6l2,.
800. THIS shows n loss TO tho taxpay.
us In twenty years Of tl34 .5OO-an
average oi si,02b year. tbs only
assumption On which n showing Ia
favor Of tue proposed bonds eau
10 made Is that n not issued
the county lmlnistraIion Will be-
20 ,KtfAvagant that tho warrants will
OF DO paid Ia the time stated.
Oue trouble Ia that tho bonds now
ordered mus, be- paid In certain way,
which means an imm1Ilsts ani 10.
creased taxation. Tue county now
tsKgs A. high - It datcs to under OK.
lsliug circumstances. When the
proposed bonds ara Issued, the
stale law makes II impors'
tive TO lovy An additional
laI TO Jay tho iutefesi. THIS viii be
gl5 5ll yer yvaT for ten yeafs. Then,
commencing with the eleventh yea
there isau additional levy Of $4,000
per year; the entire amount then
must be- pa d within ten year,. There
must bu nye rer cent interest Tor ten
yuars Rnd an average q two and a
uali per cent for another ten; while
| the warrants could DO paid with an
avetagc Interest Of four per cent or ten
ytats with no greater burden on the
O. unity than the other way anu d
saving Of sla4b0l.
Then tnero Ia tho rate Per cent
. U,1n the speci1uS plea that the bInu,
20 maize payabio In "Awtul money!
%. tho Unit, d States Instead Of "goll,'
su Interest Of Ons per cent Is addict
f. Ill- DO an elegant method Of oluvluo'
/ Iug the people Of o. supt rioriIy Of tr'
gold standard $50 900 IN tor yearly
.Bymruts aud hall that amouut TO
Dee succeeding ten yoats, 10 oiuch
uem 10 tho fact that "lawiul money
T. 10 more expensive 10 them tuat
. 30. Tho truth OF tho matte
10 nat the added one per cent IL rob
.,uE the people OF Just 10 mucn, on
iIy, that 10 vlolatlve OF tue huanci .
suuumrnt " .ioh tAlss here. "L,w
ul money" 10 rs gOOi 10 Salt LAX
uuty IN raging its dubls a, gold,
|a.d us matter u pfiuuipie thuT
should Uu 900 lisino.iul. B'siIes, D
". ulI be- ps easy 10 srll four pot cout 4.
sweeper cen Dluds; Inc S str gels !.
money at loiTper cen. Toe huauoia
policy oithis g.vrramaut h not au 0
no tJ deprrcisle IT, "aalu' mouol
and appreciate It's gold colu, how
over unwro It mhy no In r,
-rciug IT. money issue. Thl
whole procedure by the county CON
mOssl urrs In one tnpt "a mt TO DO rg
yrod or more thoroughly explained
Gu promrlly, too.