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Show KNIGHT BILLS " I'll BEJEBUILI The Knight Woolen Mills directors held a special meeting Tuesday afternoon af-ternoon for the consideration of rebuilding re-building the pert of the plant which was destroyed by fire, July 29. The members of the board in attendance were President Jesse Knight, E. P. Ellison, of 'Lay ton; David tA. Smith, of Salt iLake; T. N. Taylor, and W. Lester Mangum. Manager John Smith, member of the bulidlng committee reported the result of his recent visit to Washington where he west ij; the purpose of contening with government govern-ment representatives or. the matter of obtaining a loan for building purposes. pur-poses. Mr. Smith reported that the war finance corporation will advance $200,000 for building purposes on the note or otifer evidence of Indebtedness, Indebted-ness, being endorsed by President Knight, personally. The loan is to run for five years, at such rate 61 interest, probably 5 to 6 per cent, as tho finance corporation may determine. determ-ine. Mr. Knight agreed to this and a letter was sent Tuesday afternoon accepting the proposal of the finance corporation. It is expected this will result In the required money being available at an early date.- Aa soon as it ia secured plans for rebuilding will be considered consider-ed and when adopted the work of building will be started and completed as' rapidly aa possible and eventually placed, or other arrangements made for machinery and equipment |