Show I INTEREST OX ON CITY ITY MONEY MOXEY Citizens of Salt Lake Lako are arc a good deal deai Interested In lie tho rather surprisIng surprising ing lug fact act that all al the he city Cun funds s are banned with lh Tom rom Kears Kearns and that no Interest Is realized on n tho the deposits To the extent of the thc nearly a million milon dollars deo deposited le the people can un- un understand understand un un- some sonie potent reason for Cor the Kearns allegiance to the Iho American part party In face of oC the tho fact act that lint he Isso isso Is Isso so decided a beneficiary the thc people cannot help entertaining some doubt as to the sincerity of or his pretensions of public spirit and of or patriotism JIls hIis other organ the Tl Tribune has hus been ben unfortunate In defending him After Ignoring the matter until tho protests pf cit the people could bo be no rio longer long long- er disregarded the lie Tribune made the perfectly lu ludicrous statement that hat no iio bank hank w west ivest st of oC Chicago pays pas Interest on cf city deposits But The Republican has gone to the trouble to ascertain the facts In iii the case case and has now on hand the lie letters leters from rein lom treasurers of man many cities cHles among among them several west of Chicago showing that the lie tw banks do O pay ll Interest on cl city deposits de de- de- de posits and the lie sure suro Inference Is that thai Salt Sail Sal Lake Luke banks would do 10 the Iho lie sm smI same If it I the they were asked to lo I That Is all al that lint Is needed Just In Invie Invite In- In vite vie the lie banks and tho the pledge go of or In Interest In- In terest crest certainly two per cent would woul b be Instant instantly made There ou would be beno beno beno no risk ilsk for or the lie city for fOI a n better betler as- as than titan any alY that now exists would be made for Cor the lie safeguarding of or the treasury I We Ye pres present nt here statements from seven cities cies pretty closely In the lie class cla with wih Salt Sal Lake as to population and other conditions These pay Interest on city money as fol follows s S Deposit lot Int Reed Sc Seattle t Ie Wash C Kansas Konas City Mo 20 U 40 Omaha N Nob b Albany ban N. N Y Y fJ 12 lO Louisville K Ky n C New NeW Haven Conn 2000 Minneapolis Minn 20 Against this showing It will wJ not do for the Kearns paper papel to 0 try and hoodwInk hoodwink hoodwink hood hood- wink the people with lh the lie statement that hat no el city west of or C Chicago lla o profits b by the deposits 5 of or Its Is cl city treasurer t I And there are many others smaller towns whore where the same prudent public pub pul- lie lic lc spirited policy Is adopted anti and successfully suc sue followed One can un understand the he I Kearns earns attitude at attitude at- at as friend of oC the American party part when one ono sees secs that ho has at all al times In the neighborhood of oC a million milon mil mu- mi- mi lion lon dollars of oC cl city mone money to use useIn In lii his lila business and pays s 's not nOl a penny for It I. I It I takes a n good goot deal Leal of ot assurance considering these o acts act for fOl or the lie I Kearns earns papers to assert heir thel lo loyalty loyally aly to the Interests of ot the he people They have ha mode made It clear that lint their attitude Is measured solely by thc tho money mone they hey can cnn make out of It I. I |