Show A MOMENTOUS QUESTION THERE are a number of eager applicants for territorial funds many of them have claims that must be met the funds at command are limited the demands in the aggregate are eiDor enormous what is the proper policy for the legislature to pursue under the circumstances here are the insane asylum the university the deaf mute institute the reform school the agricultural college the worlds fair the regular expenses of the territory and many other worthy objects that we need not mention they all want something and perhaps ought to have it A proposition is madelo bond the territory to meet these demands on the public purse Is it wise to go further into debt for these purposes this is a momentous question and our legislators should weigh it carefully bonds have already been issued for the present proposition would raise the bonded debt of the territory to half a million the interest on this would be a year this to is I 1 ho no small sum irrespective of the amount it will take at the specified time when the redemption of the bonds is to be commenced would it not be better to take the revenue that will be available during the next two years year and divide it as a wisdom shall suggest and circum stan es require and deal as generously as possible with all these claimants for public aid without plunging too deeply into the gulf of indebtedness let our wisest and most conservative heads consider and reply |