Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1907-07-06


"Mr, Thompson, you are "n
cxtcnslye business affairs VIM "o
vou do if your expenditures were ~
,,,r- ahead of your receipts; wo'"" ~"
use an AK" - ,,,r,
1,,s question was asked hlr"
,,,s,n MAYOR OF salt Lake City ny
,rrsee of the american party ""'
morning. ..o .rd
Tho answer was chnrac'e
accompanied by grin; .,
eWhy, I'D set OUT an"
money"
cao,r,on gossip has IT that Salt Lake
Is in a bad way financially, ow'''s "
Acknowledgement or lack oil mh'"s
,nent rather at the hands OF the 50
cs,lod American" administration ana
common gossip is this time, 1t Is 10 Ne
feared. fun OF ugly truth.
The city's treasury, it Is aleseo'
shows a deficit at the present tlne' anu
a utue simple figuring shows that TINS
1eecit is becoming greater with ea'h
succeeding month. What II VII ~
when the end of the year fols ai'u"
ram be estimated, only starting ns-
ures nre already certain. nut the pres
ont administration is one of queer. SUD
don surprises. These surprises come III
th. shape OF approvals OF approprla-
lions from funds that are not: OF eN-
penditures that must be met WIN
,yhatp No one knows. Sane, sensible
citizens are wondering and trying III
.,,faufiDng when
arise because OF an extravaganza ana
absolute disregard tor the most simple
rules of business practise, let alone mu-
nicipul government.
SALT LAKE in A BAD WAY
salt Lake is said TO be in bad way
financially. and each succeeding month
sees the clouds gathering thicker ana
blaoker. Bankruptcy Is predicted
What then? Practical citizens are Try
ing TO find the answer. unneeoii's the
caution of men with foresight those
responsible for the city's expenditures
continue to vote for appropriations Tor
mis-. that and he ctner thing sneerins
at the words Of warning, they proceed
10 add TO the city's obligations when us
obligations are already heaNler ehsh ~
can bear, ,..a .ho
II VAS Micawber Who uttered the
sense-laden little formula. income,
twenty pounds; expenditures, nineteen
hounds naught six; result, happiness.
income twenty pounds, expenditures
twenty pounds, six pence result, inn
ure.' The ship that IL overloaded sulki,
"yulful waste makes WoefuI want.
phinkers from times beginning down
10 the present day agree on inc poih'
IN All these familiar sayings. mol So
however, with the Americana There
can lie but one deduction.
FIGURES DO NOT LIE,
Those who require something further
than common gossip before forming
opinions Investigated and their investi-
cation has resulted Ia even more sthrtl-
ing sensations than those caused by
common gossip, Those who can add
and subtract ana Who are more or less
familiar with methods which should be
followed In managing a city has made
discoveries that caused their wonder
to grow exceedingly Figures do not
lean towards men or particular groups
Of men. Figures are figures; they
don't lie and In the connection under
discussion tell plain stories OF Sc An
lngly queer transactions.
There are American" party leaders
who assert that there is no deficit and
will be none. Yet the contingent fund,
which meets all general expenses was
Dyerdrawn slSO,O00 July II
SIMPLE ARITHMETIC.
All receipts for the year from taxes
and licenses WIN be nowhere near al
great ne the years eNpeFsesl The re-
ceipis for merchant licenses, saloon IL
censes and all other licenses for the
censos and all other licenses for the
coming six months, with $4,000 yet re-
naming unspent Of the regular tax
funds, making total of sl6i,i4i
And the city IL spending s43,l4s ey-
cry month 10 cover current expenses
This amount ts43,l4s) for the next
six months or at the end OF the year.
win amount 10 s2bS,SSs, representing
the expenses OF the city for the neat
half year.
DEFICIT ar v<AsN.
The st6ifil. AZ res sSsz explained
represents the total income OF the city
and necessarily must meet all expenses