Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1908-07-21
DISBURSEMENTS.


This surplus can yet be used this
year for enlarging water mains and
other purposes as most needed.
Public improvements have not been
stopped and win not stop n the bonds
are not issued. over 100000 have been
already expended this year and work
is progressing on contracts for over
100000 more. AS soon as the inter
cepting sewer is connected with the
gravity sewer as now contracted for,
this should be completed by the last
of August, there viii be opportunity
for the construction of the much need
ed lateral sewers in the south ana
west parts of the city to the extent
of mere than S500,0G0 which cost is
borne by the property owners and Is
no expense TO the city. This will fur
nish work for the fall and winter
months.
We recognize the Importance of en-
larglng water mains In the northeast
part of the city. and OF water main
extensions in other parts of the city
and believe that the most urgent por-
tiOns OF this work, which will b.
partly relieved when the Federal
Heights feed main is completed. can
and should he done yet this year and
paid for out of the surplus revenue
our statement shows.
Future extensions and enlargements
of water mains should be made out
of the profits OF the waterworks which
now amout to over $3.50 per annum.
Besides, the ordinances of the city now
provide a way by which property own
ers may secure water main extensions
by advancing the cost and get their
money back in four annual payments
as is now being done In Federal
Heights addition.
AS to the aqueduct on North Tenn
pie street for the care of surplus water
of City Creek, we fully agree that It
should be built at once, and 1t can be
built this fall and paid for out of the
surplus shown In statement herewith
If the bonds should carry, we fear II
would be found Illegal to use bond
money for this purpose as 1t Will in
no way add to the water supply of the
city OF to the distribution OF the same.
As to the $4,000 proposed for sew
ers, we find that the intercepting sewer
is completed and PAL Tor, that the nottn
bench sewer is also 90 lpleted and paid
for, and that there remains to be con-
structed only the pumping plant and
pipe line TO connect the interceptins
sewer with the gravity sewer, ana
these are contracted for and cost pro-
Vided for In our statement herewith
in amount of contracts let prior to and
in 1905. Therefore there is absolutely
no present use whatever for these
bonds for sewer purposes.
We are told by those advocating the
bonds that the $1,000 or more paid
out by the city for sewers and water
mains since the Sewer bond fund"
and water bond fund" were exhaust
ed. can be and should be restored to
the city general funds from proceeds
of proposed bond issue, thus putting
bond money in the city treasury for
general purposes. Such use of bond
money seems to us clearly Illegal ana
should not be sanctioned by our votes
in the council nor by yours at the
bond election.
As to the enlarglng OF East Jordan
canal, etc. at an estimated cost of
5000 900, we find as to said canal that
the city has no right at present 10
enter on the work of such enlarge
ment. The city has started suit to
condemn a right of way In said canal
for the water of the Salt Lake and
Jordan canal that is owned by the
city, but that suit must be fought out
in the courts and a jury must award
the damages that the city Is to pay
that canal company before the city can
enter on that work. The cost and
conditions attached to such right OF
way may render 1t undesirable for
the city, and it will be time to vote
bonds for that purpose after we know
said cost and conditions.
These proposed bonds are TO bear
interest at ~ per cent I'm order to
sell them at par on the present mar
ket, while the 100000 issue Of 1905
bearing only 4 per cent interest sold
mt a premium of $4,000. This higher
rate OF interest on these bonds viii be
loss OF $4,000 per annum or S6O,-
600 In the 90 years, which we think
ought To be saved To taxpayers ana
would be saved by waiting n short
time for tho money market to get
back TO normal conditions
There seem 10 us to be no pressing
emergencies nor good and sufficient
reasons for this bond issue. tSigned)
f. S. FERNSTROM.
JOHN HOLLEY,
l.. T.. HALL,
JAMES -. MURDOCH,
OLIVER HODGSON.
II, r. COWBIRN.