| OCR Text |
Show KH THEY ARE DECEIVING THE Hb PEOPLE. THERE is this difference between the campaign orator wno goes BBV out before the people to get H votes and the orator who has a real H message: The former lies when he B thinks the lie is attractive enough PAV to win; the latter tells the truth. H The busy gentmen whp are male- BAvJ ing a campaign against Governor j Spr are necessarily in the former BAwJ clasp, thoy have lied because the BwB truth wouldn't servo their purpose. BVJ There in no need to get excited H about the Issues in the state cam- B paign, although a number of Bull H Moose and Democratic orators have BBB shown an unusual amount of pertur- bation over the fact tha the state of HH Utah jlins two millions of dollars to B its credit in the banks. The old rule QwJ of yelling about an overdraft is la- D verted here. The first Spry admin- H istration is winding up with a remark- B able balance on the right side of the Bwfl ledger when in the first year of the H administration it was necessary for BBB the state to borrow money to meet B its obligations. H Take, for instance, the charge that BBB the governor has mortgaged the state B to the extent of two millions of dol- B lars, and that the state is not deriv- BftB Ing a penny from the deposit of "this fl money, raised on bonds and by indl- H vidual work of state officials. In the BftB first year of the Spry administration BftV the state had to borrow money from M the banks to carry it through ta the m time when taxes would replenish the Bft treasury. That has not been neces- m sary since, because the state has had BftV plenty of money on hand. Tho banks BVI which carry the state moneys have B gone on the treasurer's bond, at no Bftfl expense to the state, and have taken H .bond issues of more than Half a mil- H lion at a low rate of intcrost when m the state would have had to pay a BBH much higher rate to an outside bond- BB ing or banking firm. 9H Tho saving to the state through the H! floating of these bonds amounted to Hr about $80,000. H It is charged that the city of Salt B Lake receives two per cent Interest H from banks on daily balances. This H fact was blazoned forth in the oratory BBJ of a Bull Moose stump speaker who BEV told his audience that if the city qf H Salt Lake could do this there was no BKV adequate reason why the state could BwJ not do it. BBfl That much is true, but tho speaker, H who happened to be the Bull Mooso wJ candidate for governor, was equally IH aware of tho fact that the city of Salt IH Lake also pays four per cent Interest BJ on overdrafts at the banks. H There is nearly always an overdraft H in the general or special funds, so H that the city is paying interest for at H least ten 'months in tho year and H never winds up the year with an actu- H al balance. Mr. Morris took especial H pride in the showing of the city ad- H ministration of Salt Lake because he Hj took an active Interest in the election M of the present commission form of government. By not telling the whole truth he shows his insincerity and reveals the. animus behind his personal per-sonal activity in the state campaign. The state of Utah isn't borrowing any money and isn't paying any interest in-terest on overdrafts because it has no overdraft. The campaign is pretty near ended, but neither the Democratic or Bull Moose orators have pointed a remedy for what they charge is a distressing state of affairs. They do not show . the sincerity that should mark the In-tereot In-tereot of honest men. If they should tell the people that there is now no state law by which tho state can handle tho Money any differently from tho manner in which it is now handled, they would, knock the props from under all of their arguments. But that is the truth of the matter. The state officials are not only obey;-lng obey;-lng the law, but thoy are administering administer-ing the business affairs of the state td the everlasting profit of the people. But If the constitutional amendment put up to tho people by Governor Spry is endorsed by the people at the coming election, there will be a way to legally lend state money and get the interest for tho people. This has been a progressive administration. admin-istration. The state has grown beyond be-yond the territorial stage. A new Capitol is to be built and the present pres-ent administration has provided for its building not only by the raising of money through bond issues, but by forcing from a rich estate nearly a million dollars in inheritance tax that would not have come to Utah without an energetic employ of persuasion on the part of the state officia's. |
