Iron County record. [volume] (Cedar City, Utah) 1893-1982, 1920-03-12

ii single person Votes III tne negative OF tne ques
ton.
Now, in relation to the bonds proposed for
county hospital. This is a very small natter involv
ing only $4,000 of the $4,000 provided for il
the election. But where will we turn to find anything
more important than suitable place within the coun
ty where our sick, afflicted and injured persons car
obtain the best of care and attention Without such
"a place. persons who can afford it, are justified ir
declining to make their homes here Who of us
when dear ones are seriously i'll or in need oil
the services of surgeon. are not willing to sacrifice
our last dollar to help theml And the rational. eff
hcient way to insure them this care when in need oil
It is to plan ahead and provide suitable accommo-
dations before the need is upon us.
With respect to the hospital bonds. also. it may
be said that the bulk of the money thus expended
will remain within the county and continue to crcu-
late and make times more prosperous here
And let us say here that this is the psychological
moment for the sale of bonds and the Inauguration
of these needed improvements. The Commission
ers have fortunately been able to market the bonds
now very favorable terms. considering existing
financial conditions. Viz: at par, and bearing 90
interest. Money is Tightening up to an alarming de-
gree. Go to your banker and try to negotiate loan.
See how exacting he will be and how thoroughly he
will go into the question of the necessity for it. If
ii is found to be for any kind Of speculative purposes
1t will not be considered for moment And you will
lind the interest rate higher than it was short time
since. Therefore, we repeat that the Commissioners
have been fortunate in negotiating the sale of the
bonds such favorable terms. for it is probable that
a little later it might be impossible to find purchaser
for county bonds any terms whatever.
The financial outlook is at present very grave.
Of course if the sheep men obtain good figure for
their wool, it may insure local conditions remaining
around normal for another year. but the entire COM
mercal and industrial fabric of this country is in
very precarious condition. and there may be ire
mendous crash at any time. Prices cannot remain
very long at their present state-people cannot af-
ford to pay them at home. and the curtailment OF
foreign credits will also mean curtailment of for
eign markets for our products This will force down
prices of manufactured goods and this in turn will
force down the price of labor and raw materials The
first symptom of this readjusment is the Tightening
up of the money market. 1t shows that capital is
growing wary of the abnormal conditions and this
will only hasten the upheavel
With the federal government running behind al
the rate of billions of dollars annually the fedora
reserve system will be curtailed and will be unabl
to protect the smaller banks which are relying upo
it for backing. All of which does not tend to carif
or make propitious the financial outlook
And this is one of the best reasons why the bond
of this county should be voted. The expenditure O
this money augmented as it will be by state and fec
era appropriations VIII 90 mucn toward averung an
financial crisis locally; and if the people will get dow
to rational basis of living and buying now. we ma
fare better than the people of most other sections
the state or nation. For unless the administrator
in charge of national affairs curtas its expenses
gets back speedily to rational business basis, pan
c the like of which has not been experienced in thu
country since 1897. at least will be inevitable.
If you are friend to Iron county and would ad.
to your individual well-being. vote yes on tn
bonds.