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Show I .,.1; 1 Bum i i-rinnnri-- i "ir"'ta l A HITCH IN THE BOND SALE, f f It appears that the Mutual Life Insurance ' Company of New York is no longer enthusiastic ; about assuming the responsibility of taking the i city water bonds. Whatever their reason may have I i been for refusing to risk their money in this I ; remarkable project, their attitude is very gratify- f. , ing to the average citizen who looks upon the I : bond proposition and the Utah Light & Railway t ' attempted outrage as a dual conspiracy to de- ' liberately rob the citizens of the commonwealth. J ' Many reasons are attributed for the insurance I company's refusal to abide by the original com- t ; pact, and as the matter is one essentially of spec- ; ulation, it is needless to discuss their reasons, but one certain thing is that the New York cor- t poration has been warned that legal proceedings I were impending to prevent the issuance of the bonds. I But why should those who favored the is- t suance of the bonds, the same contingent in a I . general way who advocated the granting of the P ' Light & Railway Company's remarkable de- I mands, worry about the ultimate outcome? The I city has been magnanimous enough to send I- . Messrs. F. S. Richards, Mayor R. P. Morris and I : Mr. Rulon S. Wells to visit the insurance com- pany in New York, conduct a thorough investigation investiga-tion and to convince that great corporation of its folly in refraining from grasping the water bonds. I That should be sufficient guarantee to the pro- bond crowd that everything will be diplomatically f adjusted, and that the officials of the insurance company will soon be profoundly penitent for ever having had the temerity to question either I the city's sanity or its credit. Meanwhile, since the city is providing the revenue for the purpose, I it will be a very enjoyable little junket for Mr. I Wells, the Utah general agent for the company. 1 Really, the only regrettable feature about the I whole affair is the fact that that renowned and I implacable statesman, Councilman Martin, was rebuffed when he invited himself to accompany them, and that the Norse nightingale, Mr. Fern- I strom, was not made a member of this itinerary 1 1 board of strategy. |