The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-04-03


See Rumel's report, last three, pages.
First contract between Hart and Chad'
wick, dated March 49, 1908
second contract between Hart, Chad
wick and Parkinson, dated August l.,
II is apparent from this last docu-
nent that a partnership had already
existed between Hart and Chadwick;
Parkinson was now after his share OF
the theft. Note that his salary as
treasurer Of Oneida irrigation district
was exempt from the partition. Furtner,
that any moneys paid him by inc
church as president Of the Oneida stake
were exempt, while Of Hart's salary,
as secretary, ne-half was exempt, but
that all Of Chadwick s time, money aud
profits were to be divided, as per agree
ment.
1t is true that this document is un-
signed, but it stands as a declaration
of what there was in mind at the time,
and the books of the district show
conclusively that they did what the
contract set forth. 1t is interesting to
note in this connection the clause In
George c.. Parkinson exemption,
which has been apparently stricken out,
"but all of the surplus moneys that
come into his hands shall be let out
on interest, and the interest divided
".
moneys of public or quasi-public
corporations or districts is felony IN
Idaho. as elsewhere, or perhaps 1T might
be more correctly stated that 1T is
a felony in Idaho outside of the Oneida
infected districts, where the laws. OF
man are subordinated to the desires,
Iusts and needs Of lawless and law
defyipg priesthood.
To carry on a work of such magnl-
Tod yUlC Y. L
this end bonds were voted after pre-
liminary examination by the state
engineer and decision of the Judge OF
the district court as TO the validity OF
the organization of the district. From
the first it was impossible to place the
bonds as required under the law.
Whether the crooked regulations of
or whether bond buyers, looking TO fu.
ture redemption of the bonds, realized
/ that it was impossible for settlers to
pay their tithe to the church and IN
terest on the bonds, it matters not; the
bonds went unsold, save such as the
contractors took for their work, pledg
ing their own credit for the moneys
necessary to carry on operations
zions Savings Bank in Game.
Right here comes in Zion's Savings
and Trust company, George NJ. Cannon
cashier, which, through the medium
of the active Arthur w. Hart. offered
loans to the contractors on this work
based upon their personal note, bearing
s per cent interest. secured by these
bonds as collateral TO the extent of sc
per cent of their face value. In this
manner a loan Of $3.50 was secured by
Jack Murdoch, taking his note at
per cent, secured by $500 in bonds OF
the first series, bearing an additional Z
per cent on their actual amount
making % per cent per annum on the
loan. Not content with this, Zion s Saw
ings and Trust company has dis
posed of these three bonds, the coupons
on one being cashed in by Farson 6
Sons of Chicago, the other two being
held by John NJ. Cannon, the
polygamous brother of the polygamous
ex-cashier of the Zion Savings anC
Trust company Even this method OF
raising money could go on but a little
while. and when no longer possible and
no bond buyers would bid, the record
of which is perhaps best stated IL
Auditor Rumel's report.
Here Is the Report.
i The district has issued up to the pres