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Show TKKKIToKIAL BONDS. A Lively Deouto in Wlileh Councilors ltaskin and livans iixplaln the System of Ifondiiij;. The bill providing for the. floating of territorial ter-ritorial bonds is now on the tile for its third reading. Judge Haskin, speaking to it, said he did not think the amount, 1900,. 000, proposed in the measure was large enough to comprehend the actual needs of the territory at the present time, and, in order to open the mutter for debate, offered, as an amendment, that the amount be made 1400,000. This staggered Br'er Peters, and, rising with an economical mcin, he urged that g09,000 was abundant. Mr. Baakll adhered to his original position urging that if they were, to issue bonds they should be high enough without extrava gance. The territory has been paying an exorbitant rale of interest on overdrafts, and w hile he was not prepared to say that $400,. ihhi was not too much, he did not believe it was more than w as necessary. The board of commissioners might be given discretion, ary powei in the matter, so as to meet the exigencies of the times. i'van- said he had found that there was a disposition among the members not to bond the teriitory at all, and a great many others had objected to noing heyoud 1180,000 or 1300,006, The question, however, was n Weighty one, and should be well considered ... . -j ...... .......... .... , iiiiBiuri eu before being either condemned or rejected. He implored every member of the legislature legisla-ture to look into this question of finances, lie had thought of the idea of increasing in-creasing tho territorial rate of taxation from 2 mills lo 3 mills. The leasing of (he school lands sections 18 and 33 was also a matter that should receive the attention of tho territory. Considerable Con-siderable revenue might be derived from this source. Then, again, the lands set apart fbt the benefit of the I'niversity of I'tah university lands might also "be sold and sonic kH).l)0u raised in this way. He, thought the territory might be released from the tiv in which it tinds itself and without imposing additional burdens upon the public. pub-lic. I'tah had a very smail debt now, and withe additional -.'(W.00(I proposed, It would reach but little more than $W,t)00. There would, perhaps, be strenuous opposition to the bonding of the territory. Mr. Uaskln declared the opposition would lack the backing of reason. Mr. Lvans admitted that the situation. had to In' faced and that it might as well be done now as at any othr time. He was not pre -nared to say what amount he would favor as the limit, hut the public institutions had to be looked after. Mr. Raskin explained the system and iiukIus "(xiwifi' of bonding and declared that while in some localities it, as other whole some measures, had been abused, but as a principle it was all right. Ho urged the bill in the interest of education, w hich he recognized as the basis of ull good govern, incut and the keystone of a country's prosperity. pros-perity. 11b was In favor of going to the limit of requirements but in so doing to clothe it so that the act could not be abused. The bill will bu taken up again next week. |