Salt Lake Telegram | 1940-03-01 | Page 24 | Official Supports Loan Amendment |

Type	issue
Date	1940-03-01
Paper	Salt Lake Telegram
Language	eng
City	Salt Lake City
County	Salt Lake
Rights	No Copyright - United States (NoC-US)
Publisher	Digitized by J. Willard Marriott Library, University of Utah
ARK	ark:/87278/s6061hzq
Reference URL	https://newspapers.lib.utah.edu/ark:/87278/s6061hzq

Article Title	Official Supports Loan Amendment
Type	article
Date	1940-03-01
Paper	Salt Lake Telegram
Language	eng
City	Salt Lake City
County	Salt Lake
Page	24
OCR Text	Show OFFICIAL SUPPORTS LOAN AMENDMENT BOISE UPt State Finance Commissioner Com-missioner G. L. Jenkins has urged careful consideration by the voters of a proposed constitutional amendment which would prohibit loaning of public Institution endowment en-dowment funds on farm mortages. He urged support of the amend- ' ment at the next general election. Jenkins said chat between 1929 and 1939 foreclosure of mortgages on 17 farms caused a loss of $59,-765 $59,-765 to endowment funds. Original value of the land was given as S169.193, he said, but sales on foreclosure brought only $21,-689 $21,-689 to settle principal and Inter est amounting to S81.455.
Reference URL	https://newspapers.lib.utah.edu/ark:/87278/s6061hzq/18611735