Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1900-06-14
THE PROPOSITION
TO ISSUE BONDS
Opinions Differ as to the Merits of
the Councils Intention,
WILL COST ABOUT S25O,OOO.
To Increase the City's water supply
aud Put the system lnto
Proper shape.

hnd fht the system Aht"
Proper shape,
There are some divergent opinions
with reference TO the proposition to
raise money for the purpose Of improy-
ing salt Lakes water system. Accord
ing to the resolution which was passed
by the city Council on last Tuesday
night IL is the intention to bond the
city in the sum Of $3.50 0o) for increasing
the water supply ana deTaying all eN-
penses attendant upon the Improvement
Of the system The resolution was
fathered by Mayor Thompson, and pro-
Vides that a special bond election shall
be held on Monday, July 18th next for
The purpose of voting Yes or No
upon the proposition. which is TO FUR
Their bond The city In the sum OF $780,
001 the DOnds 10 run for twenty years,
drawing not 70 exceed 4 per centum
annual interest. to be paid seml-annu-
ally. The city Is 10 have the privilege
OF redeeming the bonds at the end OF
ten years II the municipality finds H.
self able to DO so. All qualified cleo
tors who have paid property tax IN
the city for 1898 are entitled TO cast a
ballot FOR or against the proposition.
Some prominent business men were to-
day asked for expressions as 10 the
undertaking ana those who We're seen
talked the matter over quite freely:
/. S. HIS, Deseret National bank
II am entirely opposed 10 either bond
ing the city or increasing taxation for
the water system / think that II the
other bonding proposition had been
submitted 90 the people it would have
been voted down ] think the city Is
already burdened enough with too
much debt, and ] do not believe in ad-
ding 10 the Indebtedness by increased
taxation or bonding
A. w. Carlson 4. O.. NJ. Being UNI
acquainted with the details Of the In
tentiOns Of the City Council / do not
desire TO sit IN Judgment upon the
merits or dement's OF the bonding prop
ostion. II may be that the council
men may have In view some very adj
vantageous plans for increasing our
water supply which for purely busi-
ness reasons, they cannot make public
at present nor until they are assured
that the means Will be raised Our wa
ter system badly needs attention and
our supply Is Inadequate and II these
objects may be attained 90 great adj
vantage hy bonding then business rea-
sons WCulA prompt us 90 sqnction this
proposition. However as before
stated, not knowing the Inside" con-
diUons. / am not prepared TO say Yes
or No for publication
w. S. Mccormick. Of Mccormick q Co..
bankers-If Il Is conceded that the i'm
proyement OF our water system rs
necessary, then the next question Is
which is the best way In which TO pay
for q? Now. i don't believe that any
one Will deny that the supply OF water
here must be- increased and that the
system must be put In better condition.
II is also very plain 70 me that the
most feasible plan is 20 Issue bonds 90
secure the money / do not favor tax
alton, but inasmuch as these improve
ments must be made ! would rather be
taxed than to allow the system to re-
main inadequate 90 our needs. IL tax
alton is resOrted TO II viii clear OF the
debt sooner. but 1t VIII also make the
burden much heavier 10 bear The inn
proyements viii De OF a permanent
character and I think the payment Of
their cost should be distributed over
as long "a period OF time as possible.
BY bonding the money Us secured By
paying small annual interest which Is
but little when proportional among US.
the money is az once available and the
improvements may be made without
delay. II Is my opinion that bonding
is the best but II the people want 10
increase the taxes. am willing 10
pay my share. We must have plenty
Of water
T. r. Jones. Of T. r. Jones & CO..
hankers-Air and water are essential
elements TO a city and n we must cut
of a little Of the supply OF either. let
US start on the air. but let the water,
and plenty Of IL run freely. There is
not the slightest question In my mind
land an the people | have heard talk
seem 10 think .likawise) that the sug-
gested improvement OF our water sys-
tenn and the if|Hlease Of the water sup
ply are very kodly needed Now the
easiest way 81 paying for IL D. by bond.
ing. but rather than do without the
Improvements on account OF opposition
10 bonding let us increase the taxes.
am willing 20 pay my proportion in or
der 10 have plenty Of water. but ] think
that this method would impose hard
ship upon some other people who may
be less able 20 meet an Increase in the
taxes which 20 them are already sufii-
GENTLY high. BY all means let us issue
the bonds and improve the water sys-
TEN. Young men who are just begin
ming to grow up will help 10 some ex-
tent 10 bear the burden Of the cost. and
Il Is nothing but just that they should.
for they participate in the enjoyment
Of the fruits OF expenditures upon any
permanent improvement. Besides, they
viii inherit the property. which by rea-
son OF these very Improvements will be
Increased In value 20 them In a nut
shell. the water system and supply must
be improved and increased, and the
easiest way in which to DO II is to is