Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1898-01-19
NESSACE on THE MAYOR
p,,,.a, Administration Should be One Of p'''
gression and Economy
NO POLICY BEYOND THAT is OUTLINED
u,,c Expressed that Party s'rli' '"'
Petty Jealousies shall MOI
with the Duty of the Hour

nrevor Ciark's first messase ,,ry Of
W., IN and read at the mee''"s y,
~" C,tv Council last night "a
Tue 40 was generally expec.eu'
10 ~. .hiv business-like doeu''e"''
thorous" ~ IT is as follows;
~ the Honorable the Guy
salt Lake city: ,,,a Pc
,,,,emen;-Section w OF Iftah
,.,ssd statutes of the S, sball from
provides, ,,na give the Council iniof ai,r
time W i've 10 the affairs OF the ~, 80,
ton reia ati recommend for their ~ ~
anna~otion such measures as rasnect
su nr, 'expedient." ! therefor omnuni-
sviy submit this, my n,s' suerestions
CATION, ,oommendations for your 20
ana re AS the occasion seems "
demanu morris of the heads of the sen-
- commitments OF the Si's 80, very
ment' hel has been accomplished Dy
fuiS t"nertments during the year io.'
salu u.,ba,efore relieved of the nece D.,
an' n referring to those mute, y. s,,ch
nv ou and will confine myse. " ,hini,
Inns Of municipal concern do
tenn, sa receive early attention. ! ~,
shoulu IL necessary to outline an'
mol u,,,.r Motley which should pc 10.
paruss"hv Inc present ADMINISTRATOR,
IoW N,har Than to say that IL shou,u u
lu LUZ oi progression, ana ut tne ,to,,id
oie s,,ictly economical we .,d
time sii l.,, issue which may arise.anu
meet e, and dispose of all BUSINESS
transae e.ornoraton which may come "
OF the IN IN st,ch a way as Will result IN
tote W. good to the city ana CIV
zens. o,,c;ol condition of the
WINE u Co, the exercise of the great
CIT! az In the expenditure OF the pun
est ,s any policy when neSiec.s
ilc iumu' and maintaining the various u,
seepr,ments In good order snou,u
evcided, and the city propeI'y Iar,,
not ne ai'o NC Great care and good
OF p ,opt should be exercised III max
~ The annual apportiohniehts "a
iilsronr,atlons for the use oil tne vu,n
a AZ departments. Expenses VI 70,
Wind should be reduced Wleio ,.n,ir
s,o,,ors can be made without ipip ,.,,
uuc',vn' oeiciency of the service. WINE
ns anrht Aump appropriations TO tne
.a,,arai departments are necesshr!
49, their ordinary and stated n
nsnses such appropriations sn9u,u ~
based upon estimates supini''uu work
Satermined by the Council. All "Vlh
y, inheritance in any department, pe-
W - ~ hoinr undertaken, should pc or
I VA Nv The Council. 1xpepuitures
snr emergencies or for ordinary shis''
rsnairs can be authorized by ma
io,Iiv of the proper committee OF the
; yy,, or nv the Mayor, who Is py
arJirance constituted superintendent
NJ nnblic works This mode OF pro
cedrre, IL strictly followed, VIII keep
me Council fully advised as to an M
provements or work being done III my IN
locality by any OF the departments
I,,s c,ehie II TO keep expendi-
lures Under complete control.
FINANCE DEPARTMENT.
Bonded Indebtedness-The present
bonJad Indebtedness of the city is ST.
as, 900 being 2.5S bonds of sl,Ooo each,
gearing interest 1T the rate of per
cent per annuni. viz:
Issue of September, 1883, 1920 ~,
years ,.....-.. ............ .sooV'Voo
Issue Of January. 1891, 1920 ooO
years .......,....... 800. ..'' ovvv'voo
Issue Of July 1891. 1920 years.. 2OO,Oo0
Issue Of July, 1899. 1920 years.. $4,000
Issue Of May, 1894, 2O-year gold. 100000
The annual interest charge on
these bonds amounts to ......Sl2I 400
The ten.year limit when the first is
sue Of these bonds may be cancelled,
viz: the issue of 1883, amounting TO
100000 expires this year, but as the
city will be unable to cancel them. II
would be good policy to make an effort
to fund the amount by the issue OF
bonds at d lower rate OF interest. AS
our bonds are now quoted at a premi-
um. have no doubt that a new issue
OF $50. 900 per cent bonds, for the pur-
pose OF canceling the maturing issue,
could he sold upon the market Mt par.
Were this plan successful, IL would re-
suit In the saving of $1,000 per annum
In interest
Sinking Fund-Subdlvision 6 of Sec
ton 206 OF the Revised Statutes of the
state requires that sinking fund shall
be provided for the ultimate redemp-
ton OF all bonded Indebtedness. Such
law has been on our statute books for
some years, but so far as the before
mentioned city bonds are concerned,
has not been observed. l am of opinion
that this important requirement should
no longer be neglected, and that II
should be the policy, as 1t doubtless Is
the duty OF the Council, to divert Just
proportion of the city revenue toward
me payment of our bonded indebted
ness. The credit OF the city, Its ability
TO make improvements In the future
ana our duty to the city's creditors ali
demand that our obligations shall be
cancelled with consistent promptness.
lily Ireasurer-The report OF the
CITY treasurer shows:
Balance on hand January 1.
'S'' .ss.sss..s. ...........,.x I6. 463 OF
receipts from all sources
during year 1897 .......,.... 4le. 90 A,
n,hn o.al resources for year. SEQ 1913 O.
pso9rsed for all purposes
uur'hg Year ,.......,.. 49,. 4sO,3s5 Il
Leaving balance on hand
December 81, 1897 .,.....s 40 osS AZ
uh this latter sum is in
Guided the amount on de-
post with the Bank Of
salt Lake at the time of
It's failure) ....... 1aAoo a,
Deduetlng which. leaves the
advallaele funds on hand
january l, 1898 ......'s DC coz :.
hs "e treasurer is by law charged wifi
r,v eonseiion Of all the revenue Of In,
tcis, anu nus office should be given suf.
rSsrmn nelp to enable him to fully dis.
fac,as,e,. ms important duty In sails.
hsu ~ manner, but no unnecessar,
Other s should do be employed In this or AM
Licenses