Show I 4 4 44 4 44 4 e f. f f. f s f. f f. f 4 f. f f. f 4 4 4 2 Salt Lake Losing a Year Among Amon the tIme great rP t cities Of r the tho West est Salt SnIt Lake stands stamitis almost alone In tho time remarkable manner maimer In Its cH city funds are nrc handled While other oilier cities cHles are arc deriving Interest from rom the lie money deposited 1 In lOCH local 1 banks Salt Lake gets et nothing UNDER TIll THE PRESENT AD ADMINISTRATION SAI SALT T LAKE IH CITY IS LOSING TWENTY TWI THOUSAND AND DOLLARS A A YEAR YE BECAUSE NO XO INTEREST IS P PAID II ON OX CITY CITI FUNDS All 11 of or Salt Sull Lake Inke Cj City's mone money Is Js deposited III In u single hi lo batik bank There I Is o over In time the funds nt ut the time present time Often Oen there Is more mme seldom less Its The Time bunk gets j et-j the time of the time lI use e of this mOl money and the lime profit The Ihie city gets eq nothing limit hut n ii perpetuating cur curse u from Tom rom whoso hank holds Its funds It Itus us natural that paper should rise to defend the time present s system of mishandling the time city's It ns also natural that his should ns crt rt that no HO cli cH city west vest of Chicago o Is In Interest In- In Iciest terest on Its funds runds because In making that lint n assertion tl tho paper lied The Tiit Republican has received letters from treasurers of cities in varIous arlous pmt parts of ci time the United States and the time Information they thc contain points ninny many a n lesson les to Suit Salt Lake taxpayers ers ens Yesterday the time following came from Omaha Neba city west wot of Chicago Our deposits n averaging n ln from remit to the tIme annual Interest derived I Is and amid the time Int rate mate of Interest t 2 i umer Iter er Cent on un current funds Treasurer I Is not on OIL his hIs' bond hond for bank hanl deposits I us as same are nic Ie protected by hy bond given hen to the time city direct Time Tho Interest t from flOm deposit de tle- posit it Is transferred tl to 0 the time general sinking fund and the time collection of Interest Is governed go by h the city lIl charter lter Other cities vc n ct t of Chicago o anti and east lUt too for tor that matter for tho time geographical co location hoeS does n not t flier enter Into this tills question of and uni economy have e collected Interest for The Time following table slums lint I. I Is the n average a deposit tile the rOte rate of Interest paid to the time elt city and amid time the approximate amount de do- City Deposit Interest t. t Amount Seattle Wash Kansas City Mo 2 pct Omaha Neb w. w 2 pet pct Albany N. N Y 2 pet Louisville Louls I IC 4 pet New haven Ha Commit Conn 2 jet Minneapolis 1 S 2 Itt Gt I Lass Lass' says gas interest shall not be lesa than 1 2 1 Pet I Amount of de not given t Other Oilier cities arc are making profit front from their funds They h have o u grown n out ut of or tho thu habit of or allowing n a fa- fa hank bank to pocket all the time profit wily WHY NOT SALT LAKE LAE Mr Taxpayer do iO you ou think n a year worth 1 saving ln 4 f. f f. f 4 f. f 4 4 4 4 f. f 4 4 4 4 t 4 |