The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1897-10-26
FIGURES FOR THE STANDARD
HOW ABOUT THE SINKING FUND
REeUIREMENTsp
Forty Thousand Dollars Must be Set
Aside Each Year-Republican 1g
more Facts and Juggle Figures.
ureS.

I Editor Herald: Judging from the air
of superior wisdom assumed by the
! Standard the in-expert accountant of
that paper is the only man qualified TO
determine whether the Republican can
didates for mayor and city councilmen
can make the reduction which they
/ promised.
| Now. I have made a careful inyes-
/ tigation. more careful. l know. than
some of the signers Of that statement
! made, and I give you the result of my
work below:
The expenses Of Ogden City from
Jan. l. 1851 TO June 80. 1897. were $685.
! 50097 If the Standard win ask e. H
Anderson, city recorder, it can verify
this.
The ordinances of Ogden City require
that at least $4,000 be set aside each
year for sinking fund.
Section ?, page II, ordinances and
amendments to the revised ordinances
$3.50 of Ogden City, Utah. 1897. ap-
proved July Il, 1887, says:
THAT the sum of $3.50 of the reve-
nue. collected by Ogden City for the
year 1895. and like sum of the annual
revenue for each year thereafter. shah
be and the same is hereby set aside
as a sinking fund no. /. and shall be
used for no other purpose"
In addition to the above amount
chapter 3, section l. of ordinances of
1924, provides that s., 600 of the annual
revenue collected by Ogden City for the
year 1898 and each year thereafter to
and including the year 1912. shall be set
aside as a sinking fund for the pay
ment OF the principal and interest of
Ogden City Improvement bonds. series
g. bearing date May 1. 1885, due May
l. 1918
Section :, page I2l, revised ordinances
of Ogden City, 1894, provides that there
shall be set aside out of the revenue
of Ogden City for the year 1898 and
annually thereafter sum sufficient TO
redeem at least ten G0) OF said bonds.
These bonds were issued in the sum
of 81 900 each in 1888. (See page 1870, re-
Tised ordinances, 1S94)
So that there should be set aside as a
sinking fund for the payment of the
irst series Of bonds of Ogden City, the
additional sum of $4,000. making the
total each year to he set aside as a
sinking fund of $4,000.
This the Republican candidates
wholly ignore. The Standard dare not
investigate. Or if it has investigated,
il dare not publish the above facts. The
Repupucans care not deal with the law
and the facts.
Conceding. for the sake of argument.
the reductions made by the Standard
for the Republican candidates, the sum
of $4,000 for the fire department.. 81 coo
for the street department. which means
half the present street work, 81, GOO for
the police department, which means
that Mr.. Davenport has beer dishonest
ard e2traYagant in using up about
$4,000; $1,000 for lights, which is less
than they can be obtained for adding
$4,000 for interest, and not including
about Sse,o0e Of outstanding warrants.
would be 100000, or about $4,000 more
than the Standard and its Republican
candidates figure as the total revenue
of ogden City.
Look up these figures. Mr.. Standard.
You can't deny them.
The truth is it will cost much more
than the above estimate 90 run the
cirv.
We have not included the legal. in
Cidental, health. public grounds, engi-
neering, charity. salaries, cemetery.
water supply and sprinkling. dog tax.
and other expenses. And that makes
it so much worse for the fake ffgurers
OF the Standards schedule