Salt Lake Tribune | 1918-06-04 | Page 15 | Banker Urges to Halt Improvements

BANKER URGES TO HALT IMPROVEMENTS Special to The Tribune. OGDISX, June 3. That they must put the brakes on expenditures for improvements improve-ments which are not absolutely necessary neces-sary was the notice served upon the board uf city commissioners tonight in the letter from John Perrin. chairman of the subcommittee of capital issues board of Hie federal reserve bank at San Francisco. The writer said many betterments can be postponed nil til the end of the war. America cannot win the war by Bpending money which is neederf for war purposes. pur-poses. , Expenditure of money which is not winning the war, he said, was great German propaganda and much more harmful. He asked that action on improvements costing in excess of $100,000 be postponed at this time. Credit for any amount greater great-er than this would be under the consideration consid-eration of the federal reserve bank directors di-rectors at San Francisco. What effect, if any the order will have upon the paving of North Washington avenue from the bridge to the city limits, will be decided by W. H. Reeder, Jr., city attorney, to whom the letter was referred.