Show MORMON CHURCH BONDS the following la from the chicago chronicle economy prudence and thrift have j been striking characteristics of the cormons mormons in their mountain beet tie ments it has been the truthful boast of their apostles and other friends that they possessed the best virtues of a frugal homely abstemious people uncorrupted by luxury and honest in all their dealings with mankind abhorrent as is the doctrine and practice of polygamy the cormons mormons were debased in no other respect in their principal city and in the rural communities they presented a model of wise economics and administration it looks as though all this was to be changed the hierarchy of salt lake lity has become interested in the business and adopted the methods of a modern soulless corporation and monopoly they are now face to face with results and find themselves in a hole to extradite them from which will cost and the church Is about to contract a bonded debt tor that amount the church as represented by the elders became a stockholder in the ogden electric power company smart management by those who had their bands on the operations of the corporation piled up the obligations on the church to that amount the church haa the experience and the other fellows have the money or will have it as soon as the bonds are sold As a rule among gentiles unpaid debts of this kind never decrease if the cormons mormons shall be wiser and by saving money pay oft this debt and keep out of similar debts in the future they will afford a new and excellent example to the world though the standard has repeatedly heard it stated that the church guaranteed the bonds of the ogden electric power company the statement has boen as often denied by those supposed to be well informed on church affairs but apparently eastern financiers have been investigating the necessity of the bond issue and have been informed that the financial entanglements entangle ments of the church are due to methods pursued in financing the ogden canyon electric power scheme however the debt was contracted it Is almost a certainty that the leaders of the church are not blamable and that it there has been any irregularity in promoting the enterprise the church people have been innocent parties |