Show I J BEST 0 ON iN CITY FUNDS Here is a word wOld from the he Seattle Times that has haM considerable and and Is worth considering b by bythe bythe the r of the legislature The rhe city city- comptrollers comptroller's report shows I that tl tiring t tho lie month of Sep Sei September September ember lh the city earned carnel carnel as Interest upon Its deposits In the Ule banks the thc sum of DC a very vcr handsome addition additon addi addi- Lion tion ton to the thO municipal income and one well cl worth figurine unon Ution Tw w policemen or 01 firemen could be paid pall with wih I the he months month's Interest earnings s. s Singularly enough It was vas wa only through brought h the he most persistent work and agitation that the he cl city authorities could be induced to make maliC available a this easy source of Income It I re required required re- re man many weeks of this tills work and anc the passage of or an nn act h by the tho legislature to get Jet it I. I All Al of the objections bus tons which were urged in advance against the policy of or charging Interest t upon deposits have proved to tu be without with with- ou out t the slightest merit meri or 01 foundation The banks hold the deposits in relatively reIn rela the same proportion as the they did before they commenced to pa pay interest upon them are under tinder no iio obligations to any city official for securing them then the deposits and pay the thO Interest de demanded demanded do- do without question The They pay Interest because they can cUn afford aford to do doso so The principle can be be- be extended In Inthe Inthe the thc future to tal take in all l cases ases of de deposit deposit le- le de- de posit of ot public mone money IThe The Seattle experiment if experiment t it i can be called has has worked out out Jin jul n the most I manner manner nd Is producing an Income larger even oven nan han was an- an td a d. d E Every Ery erS erS' doll dollar ol I o-f o r lc cOme me meIs is a direct saving to the Individual taxpayer taxpayer tax tax- payer and the lie making o of this Interest Interest Interest Inter Inter- est charge charse is directly in with the principle which Is to govern govern public put put- putS pub lie lic Ic business s hereafter If it the people who nio aio arc fully aroused to its meaning have their sa say |