Show STATE TB MAKES BIG G IO LOAN ION N I Negotiations were completed by bythe bythe bythe the state hoard board of or loan commissioners commission commission- ers whereby the the state borrows through the Palmer Bond Mor- Mor gage gag company company of Salt Lake until January uary 1 1919 the Interest to tobe tobe be he at the rae of at 5 3 per cent per ann annum m. m Necessity for making the loan arises from the the fact Secretary of ot State Harden Bennion says that at present there is no method of making making mak mak- ing legal- legal disposition of or authorized state road bonds The law provides that the bonds be not sold below helow par to obtain which price would woul be he difficult difficult difficult dif dif- now no and nd another obstacle to disposition of or this paper is the fact that the federal fede government does not desire desire the extensive Issue of or bonds during war ar times o o |