Show ri WILFUL t Nobody expected the Tribune or 01 the thc Herald would be pleased with what the thc Commissioners might do 10 In the matter matte of or refunding county count No one expected C either of or thin them to te tell the is disappointed truth truth- And no flO O one But aJl any one one ha had a r right hl to lo expect th them m to compute a little Interest 1 It Itla la lit not a n difficult matter maUel The ca case e i Is Isa a a. plain one and antI nothing but a n desire lesire It for wilful misrepresentation can explain explain ex ex- plain the stories those papers have hav 1 published We Ve do not ot think they have 1 I deceived the public The rhe Tribune can c n nI I 1 not deceive the public ImbUe The rhe public pubiC v- v knows It for a common liar I and easily easil f. f l accepts as true whatever the thc Tribune i denies And the thc Herald has deceived y V 3 n no one for Its report and comment O on the affair nITah are arc so artfully worded as asto e to 10 show how the they do iio not know V what they hey are aro writing about But Dul their purpose of ot deception is apparent enough And AntI because e even the tIte Herald hl nU may have confused while it fl could not mislead mislead mis mis- lead and for fOl the further purpose of or Getting a simple statement of arithmetic tic into the offices ollices ces ot of both hoth Herald and Tribune The rhe Republican takes great rent pleasure In presenting again the truth 1 about the bond transaction lc were of oC county bonds rJ to he be refunded ed The county commissioners commis I invited bi bids s from frail financiers Of I Y the firms that bid on the tho proposition one QUO Chicago house offered to take the thc 7 entire issue at nt four and a n. half per cent t I redeemable in ten years at the county's f option This lJ bidder accompanied hi his certified check which in insured insure In- In bid bt with a sure Its keeping it its it's engagements AnS An l Ohio house bid in very ry Involved Involve amII and amI I 4 S uncertain terms terms without a deposit of or orf I While f r ch check ck to guarantee anything I their offer is not cear Eal ilm An I If it means moons that they want ant four foura rp a r p an and an eighth per cent for or the twenty T years cars The rhe Chicago house ol ered to give oO i the count county a cash bonus of oC at al once If their bid were accepted The f ft Ohio house made no 1 such offer Ift I Now the com commissioners believe the they to I can call get money mone J at less hess than four foul on and anda t iJ a half hale per cent ten years ears from now The Tho ten tendency enc has been toward a n lower lowel lowert t interest il rate tor for years Bankers say Sat Salt L 1 Lake e can borrow horrow In all probability i c It ity for three per pel cent ten ton years ears from vow now So tho the commissioners make their bon bonds redeemable at the end of or ten years at the tho option of or the thc county i Now here hero is the lie computation r and It It is not difficult to understand if Ir you want to understand It il p. p for twenty tont t ont years als al's alsI 4 I 1 8 per cel cent t. t mJ Ohio 0 I o for first ten years t I 2 1 per cent For or second ten ton years at atI 4 I per cent cont t 1 Less the cash bonus 1 Total Total interest for fOl tw twenty nt years cars by terms accepted Saved to lo the Iho county by Ly the accepted bid over ove th the Ohio bill I Now the commissioner are arc i to credit for another Item This bonus t of or Is worth five live per pel cent to tho the 15 county J right now for tho the count county has hos 1901 1 warrants out that arc are drawing that t rate of interest With this 11 cash they the lL i 4 can tal take e up p FO o much of the lie warrants If it they want to lo In Iii Jul July 1907 there will bo be I of oC year ten live lUo per ier cent bonds bands s due ue 11 f that mo may be lC taken tal eI up and retired The i county cnn can get gel live five per pel cent for this this r cash c. and next year Yea thc they would have ha to take lake nine thousand tl enough up 1 dollars of those bonds Whether they ku hO keep LJ it find and retire r bonds next It In taking tak- tak r summer or ot use Ue lug ing up warrants now they will viiI be ben n making n live five 1 per pel cent for the county count f Suppose they simply let that money lie and anti draw Interest t for the ther theten r ten years rH that th Iho new bon bonds s are to lo run It H would grow from to lo 10 And they are aro to credit lot for the Interest r it IL would earn Hut But thc they heY will probably either take lake up warrants now or use tho the bonus re re- re received received to rut retire I re five o per fler cent bonds bonda next J summer If it either course COUl-aO is taken th they still gain l O b by the accepted bid over tho the bid of 01 of the lie Ohio house taken nt at the most mOISt favorable favorable- construction that Can be put IUt upon it Bl Bidders er for bonds figure about alike If It th they y aro alq not in collusion thick their reS re re- S from froni a a. given tm problem will be nearly Identical One house may ma kno know where It II can market the Iho bonds at once S. S and so would woul ho bo willing to Pu pay a lIt III- S tb more than another which might havo have to carry them for fOl a month or two S And Arid in that ease case actual competitor may Sr vary var in their offerings But Ir Jr Into to S thu the present ent case the best bidder r wa wall th this the Chicago firm that got the bonds And Aud tho the offer tho the Tribune and Heral aro uro blaming the commissioners for or not noi accepting would have havo cost the counts count 10 I O without counting on a cent cen centS cento S o of Interest on eu the Iho cash bonus bonu received Tho The tran was wu a simpli one e. Tho award was as made to a reputable rep hougo cd showed its it Ite goo goot I S i. i c S faith b by depositing depositing- a check with Its bid a bid a thing the pet of or the Iho Tribune and Herald never did If the Iho county count commissioners ha had done lone any different than what their thell record shows the they have Vl done tIone thy they would ha have hae e des tle er cO As It il Is Is 18 they are being commended for fol accepting the very vely best terms that lint were sere offered And Ami nil nih fair ah men are endorsing them th m. m |