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Show BONDS AT HEAVY DISCOUNT. The schools of Salt Lake have attempted a bond issue of $700,-000 $700,-000 with discouraging results. The lowest bid was 91 cents on a dollar a discount deemed excessive. The bid was rejected. This proves one thing there has been too much bonding and bond houses, arc beginning to inquire more closely as to the financial condition of municipalities and boards of education. We 'say there has been too much bonding. It would be better to eay there has been too much reckless management, in disregard of the ability of the people through taxation to meet their obligations, and the day of atonement is near at hand. |