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Show State Paper Calls Attention To Laws Of Public Money The November issue of the Utah Taxpayer calls attention to the law which requires that all public money shall be deposited in reliable institutions institu-tions and shall bear interest at not less than 2 per cent per annum. Evidently this warning to public officials has been made necessary by the recent confession that some state ! -money has been put in banks without ! interest. "This is mandatory", says the Utah Taxpayer, ", and the public official that attempts to evade the law places himself in a bad light before the peo-pie. peo-pie. He would at once be suspected of being the personal beneficiary if , he failed or refused to put the money ' entrusted to him on an earning basis". The Taxpayer also raises a solemn protest against the borrowing of public pub-lic money by public officials the pink slip idea which it appears has not been confined to the City ami County Building in Salt Lake. It says "the business world furnishes too many sorrowful examples of well intention-ed intention-ed men who have borrowed in the hope of putting it back. It is simply bald business to borrow public money bad for the public, bad for the borrower, bor-rower, and bad for the good name of the state". |