| Show SINKING CREDIT OF THE CITY TUB morning antl anti mormon organ charges the dainy press with telling a sorrowing public that the liberal government of this city has so destroyed its credit that its bonds are at a shameful discount it then goes on in a sickly attempt to show that the depreciation of the bonds of salt lake city is not due to internal influences but to the financial condition in the east this is simply the thinnest kind of mud from which the present city government guaranteed to clean the streets but which is now being disposed of by the liberal organ by figuratively throwing it into the eyes I 1 of the teple I 1 e vp T cheaper The h per aper referred to furnishes on this subject a brilliant illustration of the fact that a muddled brain and a bad caus alwill result in the setting up of a proposition and the production of an all argument to demolish it to exhibit this anomaly we will quote from the article in point they the saintly press should add that for some reason the ibe old oid bouda the perfect security ot of which cannot be questioned are at the same discount that they were ivere made so bythe by the deseret bank of this ibis efty av the th person who wrote that was ignorant of the fact that the security of the bonds of the municipal corporation is the same for those issued and disposed of on any previous date as those placed on the market and sold by the city now the city is the security and on it lies the responsibility of redemption 1 tf thore there to is any difference between old and new it lies iles in favor of the former because they would rould feces necessarily sa rily take precedence in payment the difference however if any exists is but slight any depreciation of the credit of the city affects the one claw class as well as the other the new bonds were disposed of at a discount by the city direct it has been charged that this depreciation is the result of the lowering of the credit of the corporation under liberal rule As an argument against this being the crus cause the newspaper quoted states that holders of old bonds have been disposing dispo eing of them at a similar low rate this statement simply demphs elsec the fact that public cond confidence dence in the security is traveling downward toward freezing point another rich feature of the lame ame defense of liberal rule is the fact that the saintly press is credited with the publication of the charge that the credit of the city has depreciated under the rule rulland and ruin administration the statement was made in the columns of the timm times the evening liberal 11 organ of a week ago yesterday and ito artle was reproduced in the NEWS of haaf monday the assertion was embodied in what was claimed by that journal to be the language of a member of the pity City council and was endorsed by it in gaming flaming headlines the same article also asserts that the sale of the old fort block was necessary in order to protect the credit of the city the charge comes from the liberal side of the house not from the saintly press 11 it is not denied that there are fair and honest men in the liberal j party men who could be trusted with the transaction of public business un U n fortunately however they are not the men who have been elected to office more than that every intelligent and truth loving citizen in the community knows this the record of incapacity and evidences of jobbery made by the present government is too glaring to be misunderstood by the dullest student of current local events and aad conditions but weare we are not so forgetful of justice as to measure the entire party by the size and quality of the present municipal administration which is 1 partly at least made up of bogus 1 i bials A great many liberals are equally as disgusted with the condition of affairs as even the most pronounced members of the peoples peopled party |
