Show SELL ETL ROAD ROAD- BONDS BUT ELIMINATE ALL NEW WORK DECIDED Low Lov Price Offered for Securities Se Causes Cessation Cessation Cessation Cessa Cessa- tion of Work r ork Shall we stop work ork and suffer the penalty of oC a a. repudiation of oC contracts or sacrifice the road bonds wa was the question submitted a meeting of ot bankers bankers bank bank- ers rs and tind financiers yesterday by the state board of loan commissioners The answer was to sell eelI the bonds and complete com corn pleto work already under contract but eliminate an any new work A statement was presented by the road commission showing that existInG existing exist exist- ing contracts would require to complete them to which should be bo added tho the amount of oC state road bond fund Cund due the tho various counties counties counties coun coun- ties making the total amount needed 1 Cut Off Oft The Tho state has on hand from the sale of oC road toad bonds about and has worth of bonds to sell I making practically practical Discount Discount Discount Dis Dis- count at which the bonds bonds' will have to tu tobe tobe be disposed of ot deducted will necessitate tab tate tato cutting off some somo of oC tho the nonessential nonessential construction such as overhead o crossing of or the Union Pacific at Riverdale River River- dale and the tho Huntington canyon canon road Tho The graveling gr of or tho the Wendover road ma may or 01 may not bo be finished this year ear although It Is stated L by the tho road com com- I mission that the offer of ot the Western I Pacific railroad to put tho the gravel wherever tho the commission desires at 1 5 per cubic yard ard la Is a a. remarkably low rate In Provo canyon canon as aa soon as the thc two roads roada are connected tho the commission will order the the work closed I Federal d ml Fund Not Sot Paid Bids for the Price Emery project were submitted and opened Monday but nothing has been done towards tho the awarding of a contract While Is was not stated at tho the conter con- con ter fence It Is said b by tho the commission that the federal government has only onh paid 11 per cent of ot the 50 60 per cent promised On the post road or federal aid projects contracts are aro being ap approved approved approved ap- ap proved to hole hold this federal aid The conference with the financiers was a prolonged one ono and tho one ono view expressed was that there thero should be beno beno beno no repudiation of connets OO and tho million and a n. half iuri of nf bonds authorized by the last legislature be disposed o of at once t rt tho the best beet price obtainable |