Show lOSES I r ONE CHANCE AT ATHas f PU l TY I IHas II I Has Long Winded Long Winded for Council but hut It Adi Adjourns Ad Ad- 1 i Too Soon t. t The other othor members of the tho city count council coun t C ci cil hd tho the laugh on P. P S S. S m last Jast night The Tho member from irom tho the third had bad been delegated b by the minority to introduce in a statement of its views on the bond issue sent ont the communication com corn to the recorders recorder's desk where it rested easily until finally Fernstrom fearing that it had been lost informed I tho the president that ho he had an important communication on the recorder s desk 1 which ho would like to have hl read Before Before Be Bo fore the recorder could get tho the paper from irom among others Stewart made a motion to adjourn which was carried by a strict party part vote ate The communication tion t on of the minor minority t. t was ns as follows L To Our Fellow Citizens ns-It ns It 8 seems ems proper prop prop- er cr that we should state wh why as ns members oC of the City Council we voted against th the th proposed ed bond I Issue suc of ot and md why I we C advise electors to vote oto against same at the tho special election to tobe tobe be held on the tho Oth of this month I We c have made a careful stud study of or the tho finances of or the elt city and from the conditions conditions condi condl- J on January 1st and from Crom receipts and disbursements for Cor the first t sIx lx months of or the year rear and with a tax levy the same Fame as last year rear the he following ln see seems DIe to us to be the tho true financial condition of the the city from which It will be scon that neither this proposed bond l Issue Issue- sUG nor nn Rn Increase In taxes is necessary san REVENUES UES FOR FOrt 1908 Cash on har hand l December 31 n 1 1907 t I Taxes assessed prior to 1908 Flat water ater rates assessed prior to 1908 T. T Meter and ml miscellaneous water yater rates for 1908 1903 i Departmental tai and miscellaneous ous receipts for Cor 1 1908 08 Licenses Licences for Cor 1908 Flat water rates assessed In 1908 Tax lev levy 13 mills on property roO Total DISBURSE DISBURSEMENTS City warrants arrants outstanding December December De Do- cember comber 31 1907 1901 City's portion of or contracts made prior to 1908 i City portion of or contracts made In HIOS 1908 Departmental bills bilis of 1907 paid In 1908 Departmental expenses for 1908 General and statutory ex expenses expenses ex- ex for 1908 Interest on city bonds for 1903 1908 Total Total r receipts Total disbursements Surplus Claims a Surplus This surplus can yet ct be used this year ca for enlarging water ater mains and other purposes pur pur- roses poses as most needed Public Improvements have not b been stopped and will wl not stop If IC the bonds are not Issued Over have been this and work already alread expended year ear Is 18 progressing on contracts for over OOOO OO- OO OO more As soon oon as the Intercepting sewer Is connected with the fo gravity sewer Jewer as now contracted for which should hould bo be complete b by the tho last of oC Au August there thera willbe will willbe willbe be opportunity for or the construction of ot tho the much needed lateral sewers severs In the south lOuth and west cst parts of the tho elt city to tho the extent of oC more than which cost costIs Is borne b by the tho property owners and I Is IsHO HO no expense to the tho city elty This will wl furnish work for the tho fall and winter months Wo We 10 recognize the Importance of en enlarging enlarging en- en lar water mains In the tho northeast part of or the city and of water main extensions In other parts of oC tile the city and believe that the most urgent portions of oC this work ark w which wilch will bo be partly relieved when the tho Federal Heights feed main Is completed com corn can and ami should be done yet et this year car and paid for out of or the surplus revenue revenue rev rev- our statement shows Improvements Arc Are Needed Future extensions and enlargements of or water mains should be Ie made out of the profits of the wa water tel works which now no amount to over per annum Besides Be- Be sides IdeE the ordinances of the city now provide provide pro pro- vide Ide a lia way by 13 whIch property owners ma may secure water main extensions by advancing the cost and get set their money back In four annual payments as Is now being icing done In Federal Heights addition As to the tho aqueduct duct on North Temple street for Cor the care car of surplus water of City creek reek we fully a agree ree that It should lie be built at once and It can be built this tall fall anti and paid for Cor out of the surplus shown In statement herewith If Ie the bonds should carr carry we fear It would be he found Illegal to use bond mone money for this purpose pur pur- pose 1050 Ose as It will 1 In no way ay add to the water supply of oC the tho city or to the dIstribution distribution distri distil of the same As M to the proposed for sewers we that the Intercepting Fewer sewer Is completed and antI paid pall for tor or that the north bench Lench sewer r Is also completed and paid for tor and that there remains to ho bo con- con the pumping plant and pipe pipeline pipeline pipeline line to the Intercepting sewer with the gravity ra lt sewer and these are aro contracted for and cost provided for or In our statement herewith In amount of oC contracts let prior to and In 1908 Therefore Therefore Therefore There There- fore there Is absolutely no present uso use whatever vcr for these bonds for Cor sewer ewer pur pur- poses Question City's Power We Ve are told b by those advocating ad the bonds that the tho or more moro paid out by the city for or sewers and water mains maln since the sewer bond fun fund and wat water r bond fund Cund were ware exhausted can be and should bo be restored to the city general funds from proceeds s of oC proposed bond hond Issue thus bond money In the city treasury treasur for general purposes Such u o. o of oC bond money seems to us lIM clearly Illegal al and should not be sanctioned by bJ our votes vote In In Sn tho the council nor b by yours ours at the bond election As Asao to tho the enlarging ln of or East Jordan canal etc at nt an estimated cost of oC we find as to said canal that tho the city has no right a at t pre present en t to enter on the work worle of oC such sueh enlargement The Tue elt city has hns started l a n suit to condemn a 1 right of way ay ay In sal said canal for tor or the water of the tho Salt Lake and Jordan canal that Is owned by hv the city but that suit must be he ought fought out out In the courts and a H jury must award the dama damages that the city is to pay that canal company before tho ho city can cnn enter on that l I work The cost arid and conditions attached d to such sueh right of or way may render rendor It Undesirable un undesirable un- un desirable for tor or the city and It will he be time timeto to tn voto oto bonds for or that purpose after we know sail ealO co cost t and conditions condition These proposed bonds are to LO bear In Interest Interest interest In- In terest at nt 4 41 H per cent In order to sell lIell th them Mn at nt par on the tho present ent market while th the thi bane of 1905 bearing only 4 I Iper per cent Interest sold at a premium of ot This higher rate of Interest on Oil these bonds will b be b a 1 lo loss s of por per annum or In the tho twenty years ear which w we think ought to be br saved paved to taxpayers taxpayers tax tax- payers and nd would be saved sayed by waiting a short hort time for the thc mon money market to c get t bark back to normal conditions There Ther seems tl to us to be no press pressing In emergencies nor good and sufficient reasons rca rca- sons for this bond Issue Signed F. F S. S FERNSTROM I JOHN HOLLEY J. J L. L E E. HALL JAMES tES D. D MURDOCH OLIVER HODGSON I H T T. COWBURN |