Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1900-08-29
BONDS AND WATER AFFAIRS.

BoNDs AND WATER AFFAIRS.
When the municipal bonds for the im-
provomont OF jbo water supply and
distribution were voted for although
the interest thereon was named as mot
TO exceed four per cent" IL was couh-
IDENTIFY expected that they would be-
eagerly taken up at three and a half
per cent interest At the opening OF
the bids on Tuesday evening, however
Il was found that they were an made
on the four per cent basis Neither
OF them therefore was accepted
Il seems strange that none OF our
local capitalists or financial firms en-
tered a bid for these bonds They are
coed investment. and are at least
equal IN that respect to the state bonds
Three and a half per cent Is enough
interest on them, and It seems that &c
ought 10 satisfy ordinary investors iu
that kind Of money ventures. The city
can AFFORD 10 wait a little longer fur
actual possession Of the funds required
and be able to proceed with necessary
arrangements and appropriations.
There has been much more delay than
was anticipated IN the disposal OF the
bonds and IN the completion of the im-
provements designed for the supply
OF water Tor general purposes iu this
city. But the situation will not be bet
tered by exaggeraung failures. or Zoe
venting accusations against tha city
authorities. The delay Ga the trans
p1rtaton OF the piping for The 10000
contract has been satisfactorily eye
planned. It's unfortunate, but appears
10 have been unavoidable. s1 Tar as the
contractor and the Board OF Public
Works We're involved
The negotiations for securing the
land and water rights 80 Parleys
canyon have been made. with due rec
gard for pressing necessity and the
clty's peounay interest And much
OF the water thus obtained has been
turned into the system
The reservoir work was completed
with due diligence and the delay ln the
arrival Of the piping already mem
toned, IS the cause Of the non-avail-
ability OF the reservoir water
There are q number of formaliUes
which hinder rapid progress 90 ,he pub
dc works OF this city Action has To-
be taken by the city Council in refer
ence TO any Important project The
Board Of Public Works has the letting
OF the contract That has 90 be ado
vertlsed and receive the approval OF the
city Council AN that with the frame
ing Of plans and specifications takes
up much time This cannot be ayoldsl
while every piece OF public work must
pass through this sort OF routine.
The delays that have occurred do not
change IN the least the right or wrong
OF the bond issue. That was carried on
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The friction that has o.rpr,,5 No..
tween some of An. oni,.rs of ,,. ,r,,. ID.
TO be- denIorsd. n has bs.1 p.o5I,s.
and ought 10 be- stoppsd. No man lI..s
TO be ignored OR gtepped imam. Ev.ry
official should be- recognized I'm his
place and be permitted ,s act MA ra-
qulred by city ordinance and ms n.
duties imposed upop him impIv ru,
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