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Show Sf A SORRY EXPLANATION - The Journal tries , to explain away the force of the admission i of the Democratic prr-sident of the city council, that Logan city) ia falling deeper in deLt .every j day. It publishes the reasons bel gives why .the expenss exceeds the income, but that does not explain f away the ""fact that the, debt 'is' growing. Explanations do notl supply the deficiency. The , amount poured ihti tbe buildinJ fund frcm sale of lands has been borrowed' by. the city's general fund, so that the building fund is cot now available. Aad the fact remains that the expense last year greatly exceeded the income. j Wnen the Republicans took! charge of tbe city ten years -ago,' they found an indebtedness of 310,000 left over by the People's paity. They borrowed money at a lower rete of interest than tbe city had been paying, to pay this amonnt. They then installed the water works, at a cost of $40,000, for which they issued bonds. The water works needed and could be eold today for twice what it ocst. Juggle as it may, the Journal Ciiiut 0jV'e ip the above f jctf, for U.oj. an.pin fh imth ajQfl tbf) whole truth of the matter. |