Show WALKER URANUS BRANDS HANK BANK lAW LA UHf UNFAIR AIR TO 10 DEPOSITORIES DEPOSITORIES' Must Pay Premiums When State Has No Money Says Treasurer SUGGESTS CHANGE I Would Substitute Surety Bonds for Protection rh existing laws of Utah for forthe the safeguard of deposits or of state I funds In banks were characterized as unfair to the deposItories in an address delivered by State State- Treasurer Treasurer Treas- Treas John Walker Valker to the convention of county clerks treasurers and asses ors how now in session at the Hotel Utah Under the law banks ar are are- arere re required re- re to deposit l Mr Walker Valker said to tose s-e s secure se cure ure deposits oL of public money and it often happens that for long periods pe- pe nods or of time the banks must pay the premiums on such bonds the state has no money to deposit under cover of t ese securities Hence the banks are put to useless expense Mr 1 Walker Valker advocated th the proposal pro pro- that surety bonds he be substituted for the protection protect n of of public pubu funds TUTTLE ADDRESSES Tile The second and last days session of the association was opened Fri Fri- an address by Mark 1 Tut- Tut tie tle former farmer state auditor who b pointed out some Ways was in which county officials could make their services more valuable to the people Mr 11 Tuttle was not on the prepared program but w c called upon to When he appeared aJ the meeting Following Follo Mr 11 Walker George T T. T Judd treasurer of Salt Lake county delivered an ess on The Semiannual al Payment of of Taxes He declared that legislation legislation legisla- legisla tion would be needed to make that possible and urged that such legislation legis- legis lation be enacted I believe it would be of great benefit to many small smal taxpayers Mr Judd said to be able to pay C Continued on P page S I |