Show MANY MilliONS OUT UN l LOANS AN State Lets Large Amount of Funds at Interest Practically six million on dollars has been loaned by the state land boa board d to the farmers of Utah according to a compilation made by the auditor of state The total amount of or funds In charge of the state land commissIoner commissioner commissioner commis commis- for Investment purposes Is C 73 Of this sum loans have been made at 6 per per cent Interest aggregating ag 5 Less ess than two million dollars of Jf the securities Is In bonds The sum of Is fa invested for the benefit of the school of the state from which Is derived In In Interest Interest interest In- In terest practically a year The schools of the state are presumed presumed presumed pre pre- to receive from the state 25 per capita of oC the school population and of this there Is received about 2 2 per capita from the land grants Investments for the benefit of ot the state Institutions other than the public schools according to the compilation of the auditors auditor's office show For Tor the University of Utah Utah Uni Uni University land grant school of mines land grant normal school land grant 04 Total COS 63 For the Utah Agricultural C college ll e K tt For the state school for the tho deaf and blind Deaf blind Deaf and dumb school grant institute for th the blind land lana grant Total For the state mental hospital For the state Industrial school chool For POI a miners' miners hospital PrincIpal hospital Principal Interest Total 30 In as there Is no miners' miners hospital conducted by py y the state as asyet yet vet the interest and nd rentals from this land grant IB Is reinvested for the benefit of the Institution which thus la to made to continue to at grow como com- com o e d i t ft t p V u H n ores For public buildings The available balance In this fund was used at the time the state capitol was built The has accrued since then probably from some deferred payments on purchases not nol completed at the time the capitol was constructed con con- For a state reservoir fund fund Principal pal 09 interest 32 65 |