Show THE HOLDING OF COUNTY indebtedness we very willingly give eface to this from councilman seymour B young Youji tf salt lake city utah march 15 aw r brior tritium Trl lum As to county bonanno bonds bond no lot LIL the top tope e turn out and vote nok no no more indebtedness for the county city or territory under existing circumstances it if the people here bere u ere able abe to take up theme these brilin of large denomination and lave fave the interest to those w ho puy pay r the e tax taxes then very tax paci paLi would bu be justified in vot 11 liis 9 I 1 yes I 1 hut u at in 1 the he plat the those mccurl E ala win lit bi I 1 jongh 1 by do and tile tho real ral anti and sureties for such ire are the tax taxpayers puye u mho tie will hanono lave no from the bonds tho the news of last evening stated itea as between belvit en warrants at 8 per cent anti and bowls at 6 per rent cent bust neu men can hardly hesitate tile tho tax myers at and d homeowners home ow onnora ners would ra thor pay 8 per con cent t oo on raper that was a hone currency and where the inte rest would boum husn with the thin than div 5 per cent to a cUe the demand me A upon araneo by germony arter after the hie irinco l lundo 1 milislav war or became a 0 to the french nati in that the Go government or of inn issued renter rente or bands to ral ralso the many hundred mill nek due to germany but issued aiese bonds lit in gmell denominations that the people pele were errA enabled bled to tike like up tip the ont entire tre amoun ano t and every oil ani cultivator of tho the soil and weavers of silk milk and fandi cloth became harders bolera of thes securities if salt lake county vi wishes to borrow more money Y let the bonds be made of such U say aay from P 3 to oaid and place the interior t at 6 per cent and then the five all the citizens of the TerrI territory tkory it 0 chance to invest in them to the amount of if for this ahls current year or so much thereof as aa may tie be needed a and nd like amount for each succeeding year until tho the whole amount orf of bonds would be absorbed BY this means the and farmerr luid and all bona tide ilde citizens will reap a beake int fr for this thin euid no more of our paper would bo be held beld by foreign bandhold em who are bonding you and your your children taxpayers vote no more bonds no more indebtedness for the people of this territory tor for any section until fimmie ments menta cain tie malle male to keep heap marh bonds th n 1 t tho tic people who are taxed to pay an t the interest rest thereon wo we would rather pay 6 pot per cent to ourselves in interest than to pay a 3 per cent to foreign gol dires end tho the people of this territory would goiny kindly receive ceide their inter interest ext in silver respectfully I 1 Y yours youra 9 13 1 I boung 0 11 N G we suppose the above la Is about uie utmost that can be said against the bond proposition and yet it 1 li not an argument areu ment against bonding at all but only a prowl growl at the supposition that tho the bonds if 1 voted might bo be taken by eastern men it in fart favors the lesue issue ot or bonds it if home people would take lake them at 6 per cent but if home people should lit in the first place take such huoh bonds how bow would you compel thern them to retain them and keep them born butof out ol 01 the hands handa of 0 the dreaded eastern men and it if after it a while it were found that the bonds bonda had been by the local takers tie got hi it the east at art an advanced price should they then bo be repudiated why way k hould nt the county get this advanced price mr young rays caya no more indebtedness for the county etc but nobody pro proposes any addition to tho the indebtedness that I 1 li already incurred it seems triv frivolous olous to be urging ouch euch eti allow objections na its this thin when laborers are dented payment for want of money anoney and the coun county ty are dally daily working at a positive loss to the public tor for the lack of 0 ready cash to conduct their busl neo the rhe gale aale of the bonds it if made in the east would bring biln or more of 0 ready motley money into the county where it Is IR mildly badly needed and for which the count county kc could amply afford altora to pay the low interest ln alho bonus bonds would bear and twenty years hence perhaps with doubled wealth and certainly with better limes times than now repay tho the principal with oae came to argue tho bond issue irk in mr youngs vein la Is merely inertly to voice a blind prejudice and feeble lilea iden ot of finance that should hav no place in tho the reasonable reason aUe consideration ot of important question it looks ull all the I 1 rt stronger ronger after hla his alleged ob jechort tatt ahe abe people in ople tor for their own interests must vote bonds yes yen Z |