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Show roason for tying up $l!0,000 In S pei cent bonds, when ho could sell thorn at a small discount and lend tho money hiire at homo for 10 to 12 per cent. Tho credit of this city is better by fur than ever before, but eastern investors are not falling over each other to buy our T per cent bonds, no mutter how good they may be, when Ihey can get better rates of Intercut there. The Herald in relation to the sale of our bonds is guilty of either gross stupidity or w holesale lying. In other words, it is keeping up its record. THOSE IIONOS. So much buueombe has been expended expen-ded in attacking or defending the sale of our city bonds that nn authentic statement of the faols coming from our j energetic city treasurer will commend itself to the attention of the people. We are satisfied that our bonds brought the highest price of any municipal bonds sold this year by western cities, j Several ctties were compelled to issue 6 per cent bonds before they could be sold nnd paid a commission besides. For example, Topeka, Kau., a city about the size of Salt Lake, with loss debt and having the advantage of being the capital of an old state, sent a financial agent to New Vork at a large expense lo the city, and it took him three months to se'l an issue of $i0,OUO of '-'0 year straight 0 per cent bonds. Our 5 per cent bonds sold at !)(! in other words the city borrowed $;i0!),000 for 20 years at 51-5 percent per annum. Our territorial bonds which were sold last month could have been sold at a great advance over what they brought, six months ago: all of which goes to show that money is tight. A city in Kentucky offered twenty -year ti per cent bonds at 1)5, the only debt of the city, anil limited by chaiter to the amount of this debt. Tho whole thmg in a nutshell is that as long as investors are able to obtain 0 and 7 per cent on listed collateral in New York just so long do they refuse to buy mountain 0 per oent bonds. The Herald pays a very'poor compliment to Mr. Hn.i.s of the Deseret bank. . It says his bank offered of-fered ohl city bonds at 95 because he was afraid of the city's ability to redeem re-deem them when due. We haven't seon Mr. Hills but we do know he hasn't gone crazy. The reason for his offer was that he.beingan ablcjbanker,saw no |