Salt Lake Telegram | 1932-07-19 | Page 15 | Idaho to Ask Federal Loan

MAO IDAHO TO ASK FEDERAL LOAN t BOISE July 19 10 Governor WV-Governor Gove nor CHen C C. Hen en Ross joss has decided to ask the he Re Rc- Renn nn Finance corporation t tan to tooan earl oan an Idaho under the terms m the relief bill enacted bv congress last week y r The be governor decided to ask io for fore forthe the e loan ioan alter after studying the needs o of e state which Included conferences with Kith h labor abor and financial statisticians I The The state may borrow from th the fund on the basis of need th the governors governor's office explained th the amount aunt to be repa repayable able with 3 per pe oMit interest In five ve yearly carl ments j ts after 1935 The amount loaned will vW be taken from the states state's federal aid allotment unless other arrangements arrange arrange- ments for repayment are made The governor must certify the existence ex ex- faience of need within the state and the fact that state local and private resources are inadequate The gornor got go gov t lernor will be solely responsible fo for forthe forthe the loan when it is granted The funds fund can be spent for roads bridges or fo for direct doles Thomas W. W McDonough federal director director di di- rector of employment for Idaho told tok Ross In a conference there are arc about abou 20 unemployed In the state anc and that that 60 per cent of them are heads head ot of families McDonald added 1500 would not be an excessive amount to request to meet the needs of the state l. l Governor Ross Koss gave major attention to io the emergency relief phases of the bill planning to consider l later ter provisions of at the act which permit v loans Joans to states for self liquidating public nubile works