Show MERRITT BILL HIlliS IS EXPECTED TO In AID If Passed Will Save Road Yearly REDUCED INTEREST Time Would Extend Time for fort t p Paying yin Debts A saving o of from 1000 to 14 a year I Interest on its debt to o othe I th the th-j government may be made ov os' the Salt Lake Lale l Utah railroad as I soon goon oon as the Merritt bill blU passes congress congress congress con con- gress according o receivers of ot th the road here and anel there Is every levery In IndIcation Indication indication In- In that the measure will re receive receive rt re- favorable action The length of f time Ir In 11 which the fhe debt must oe De paid will vill be he extended d from irom the present pres pres- ent eat term of ot fifteen en years to thirty years under the proposed bill The bill blU provides for the exten sion aba of time for payment of ot railroad railroad railroad rail rail- road indebtedness to the government government govern govern- ment meat arising out of federal wartime wartime wartime war war- time control to thirty years and the reduction of ot the rate of Interest interest Inter inter- est eat on the dels from irom 6 G per cent to 4 per cent Only such roads as the interstate interstate inter inter- state commerce commission may recommend will b t. t given this this' consideration con con- but It Is said that an In Investigation Investigation investigation In- In will easily show that the step will permit the Orem line Una to fun function tion better bettel in the public servIce service service ser ser- vice and th that t the commission will undoubtedly certify to the secretary of ot the treasury that such is the cas case Henry I. I lo J Moores rt one of ot the re receivers receivers re- re rs for the Orem line said Tuesday that the secretary of ot th the tha treasury had r recommended the bill billand billand billand and that there was strong hop hope here that it would pass He lie said that the senate li had d acted favorably on the measure and that it was now up to the housa hous It It Is right that the government should not make a profit through i high interest rates said M. M Moore ore There is no season loison why it should when it pays no more more than 4 5 2 per percent percent percent cent on money it borrows Ji a |