Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1908-08-22
RECEIVED STOCKS AND BONDS
But They Seem to Have Been
Sold, Leaving Open the Pres
ent Value of the Fund.
with II the Fire Fighters Hope TO Go
Rfore the Next Legislature With
Demand for Pension Law.

when the next legislature in Utah
assemblies, it will probably have to
res, the problem of taking up some
reasure designed along the lines of
goosevelts employers liability bill.
she principle that each industry
mould care for those of its members
that II mains in the service, and those
whose declining years render them no
longer of economic value in the esti-
mating of a days work, has already
| ;ouud expression in teachers assoc
diton. designed to pension veteran
rmbers, and in many similar organi
pBns.
Now it is being worked up among
Ne members OF the fire department
d Salt Lake, and provided ex-Fire
Chef Vail can give full accounting of
ins fund loft in his custody by William
II Bywater, his predecessor in office,
6 substantial sum Will be found on
hand with which to tease cooperative
lesislation from the coming session.
bill now being drawn up contem-
plates a state pension for veterans and
aalmed firemen. The fund that had
already been raised is intended as the
reucleus for such a pension system.
When II passed into the hands of for
ler Chief Vail as custodian ii amount
ed 10 property and cash as follows:
VALUABLE BONDS.
Two bonds, Utah Light & Railway
CO., bearing interest at the rate of 6
|per cent per annum, each worth $1,000.
Seventy shares preferred stock of
utah Sugar company.
Cash, deposited in Utah National
bank. $500.
All of this property except the cash
Investments made by for
|ner fire Chief Devipe, as the best
peans OF preserving the fund.
The fund was created with a PEN
Apn idea for firemen ultimately In
ew. us money came from donations
VI citizens who felt grateful for work
| by the department in extinguishing
Ares, At first the amount was small,
hu, Chief Devine decided that instead
Of distributing the money among the
men the thing to do was to make II
TIE neucleus OF fund. Then the an
nual baseball game was established.
BALL GAME FUND.
Each year receipts from the baseball
game came in, and they were added TO
The fund. Finally when Chief Devine
vent out of office he turned over to
Chief Bywater, substantial securities,
Kept In a security box at the Deseret
National bank building.
VAIL NOW CUSTODIAN.
The list was Identical with that
fiVen DhnNa GNRRnt that 70
Of cash was $500. instead of $3.50, to
which sum it grew when it passed
INTO the hands of Chief Vail when he
|came into office in 1906.
What Chief Vail has done with the
securities will be shown in an ac-
counting. He was designated the
custodian when he was removed from
Office for A little matter of alleged
gafl. This is the first time that the
custodian has ever been anyone other
man the department chief.
The two railway company bonds are
Understood TO have been sold April
j., 1906, but Il request to verify this
tle on the stock book of the Utah
hgnt a Railway company was an
Hered TO the effect that it would take
Snc time to look II up and an answer
Would be given later. There was
nothing in Fire Chief Wallis duties as
Custodian of the funds that would
have prevented him from changing
me nature of the investments, pro-
Nided new value was secured.
The sugar stock is also supposed 10
nave been sold, and the cash has been
removed from the bank in which II
was deposited when Chief Vain came
INTO It's possession.
The matter of getting the fund to-
bether and putting II into shape for a
proper showing before the next legis-
a'ure is now being undertaken. AS
room as financial statement is Sc
cured of the exact amount on hand
ana me present form of the securities.
movement VIII be commenced to
secure public support for n pension
BESIDES creating the fireman's fund,
lhe baseball games went In part to
olher enterprises The first games
proceeds went to the widow OF a man
VINO was killed on the Rio Grande
Toad near Park City. Another game
was for the benefit OF "A Camps Lane
Widow, whose husband and son were
crowned i'm the Jordan. The proceeds
o. me last game, played during the
van administration. hre said to have
oeen devoted to the defense OF former
.hlef Sheets, when arrested on the
conspiracy charge In connection with
me McWhirter bunko game.
:, For this reason II is thought that
VIZ property In eX-Chief Wallis hands
WIZ amount only To the sum turned
ner 10 MIN, or its equivalent in Sc
elritles other than those then held
Plus the sums given by people where
n,es mad occurred since the beginning
n.