Show Former City Fathers Are Criticised City officials who have fathered this this this' community since 1888 have been negligent negligent negligent gent in their duty toward taking care of the sinking ng fund according to Robert Robert Robert Rob Rob- ert N. N Young city treasurer in an anad address address ad dress made today before the members of the Salt Lake Real Estate board at ata ata ata a luncheon held in the Commercial club Mr Young said that the present administration is the first for many Yea yeas years to show any any activity or or regard for the fund I It was explained that the sinking I fund is a matter of great import importance nc in regard to the tax lax levies which the city will win have to make in m coming years Since Ince the th-e first city bond Is issue uc of in 1888 there has been 1 worth of bonds bands issued Mr Young said Of this amount has hu been retired re retired retired re- re tired tired and the pr present sent city commission retired of these he said At present th there re is an outstanding bond issue of While there should be a sinking fund of about in r reality there is practically none said sald Mr Young a and added that the city officials for many years past ve been morally but never actually defaulting in the performance of their duty Under the present tax schedules a one-mill one levy will return the city about said Mr Young The bond issue of long period was wu criticized criticized criticized crit crit- by Mr Young who said that it was not fair for the second cond or third i generation to pay f for r the bond issue that had been used years previously on public Improvements from which they could not receive he full benefits A. A Roy Heath and George F. F Richards Richards Richards Rich Rich- ards were approved for membership Inthe Inthe in inthe the organization V. V A. A Bettilyon acted as chairman of the meeting |