Show THE TAX BURDEN the action of the salt halt lake county commissioners in deciding to fund the outstanding indebted ty ly toy by so an ibue us of bonds bond means meana a ulft alft ju increase cresse or the tax lax burden upon the property properly owners lu in the county this fact is ia not averted by the claim abat abit warrants war ranta now bear eight per cent while the bouda bonds will bear only five fire per coot cent an all economical administration ol of county affaire might pay the warrants within ten years time at the most moat while the first payment on the bonds bonda cannot be made until after that period baking the figures of 0 the case on a decent decant administration of salt lillis county matters for the next ten years and the present indebtedness indebted could be paid off at the rato rate of with lie its accrue j ii interests interest each year this would make the me aggregate interest for ten years yeam on the warrants a total debt to be paid of by the issue of bonds as ordered the inter est for the ten years before a dollar 0 the principal cao can be paid Is ia a total of to which buet be added an aggregate average forthe for the second ton ten years of intercept int or a fraud arand total of debt to be met of this shows a loss lose to the tax to in twenty years of an average of a year the only assumption on which a abow showing ingin in favor of the proposed bonds can be made to is that mat it if not issued the county administration will be so extravagant that the he warrants will oot be paid to in the time stated one trouble rouble to is that the bonds now ordered must be paid in a certain way which means an immediate and increased taxation the county now taxes as high as an it dares to under ex wing circumstances when the proposed bonds are am issued the deate law makes it imperative to levy ao an additional tax to ray the interest this will be per year yar for ten years then commencing with the he eleventh year there loan ibao additional levy of per year the entire amount then must be paid within ten there must be live five per cent interest for ten years and an average of two and a half per cent for another ten while the warrants could be paid with an average interest of four per cent beni for or ten years with no greater burden on the aunly than the other way and a saving of theu then fuere is in the rate per cent upon the specious plea that the bonde are re made payable in lawful awful money of the united states instead of golo s ao an inte lite reet rost of oni one per cent is added this to 1 so an elegant method of convincing the people of the superiority of the gold standard stauder ct in teu ten yearly payments and half balf that amount for chii he succeeding ton ten years to educate thein to the fact that 41 lawful awful moneys money is more expensive to them than gold the truth of the matter is that the added one per cent is robbing the he people of just so much on a plea that is violat lve of the financial sentiment which exists here bore law ul lot money Ps Is as good to bait lake county in paying its debts as gold s and as a matter of principle hber should be no DO distinction besides it would be as easy to soil sell four per coot cent a as ove ova per coot cent bonds the slate gets it ite money at tour lour percent per cent the financial policy ol 01 this thin it ia not such its as lode its lawful douey and appreciate its if gold colu however unwise it way may u be in re strict ing its ito money issue this whole procedure by we the county commissioners corn ners la Is one ought to be re or more thoroughly explained anu promptly too |