Show Young Y Plans to Save Salt Lake y arly Scheme Submitted to Reduce Cost of Handling Tax Anticipation Notes A plan designed to save the city about a year ear in the cost of ot handling its tax anticipation notes and which will keep the interest at home was submitted to the city commission Wednesday by Robert N. N Young city treasurer The treasurer treasurer treasurer treas treas- was given authority to put the plan in operation In connection with the handling of 1 1026 26 notes Mr Young suggested that the time Is drawing near when steps will have to be taken as they are each year to raise about on tax anticipation notes to care for forthe forthe forthe the city's expenses pending the tho re receipt receipt receipt re- re of ot taxes He lie points out that heretofore these notes have been sold old In the East ast entailing a large handling expense and and- resulting In Inthe Inthe the interest going to Eastern con con- cerns The treasurer says he believes satisfactory arrangements can be made with local banks to finance the city on its notes at an Interest rate of only 5 per cent and at a saving saing in the cost of handling or ot or more The plan contemplates contemplates contemplates plates the borrowing of about in January from local banks and then the borrowing of amounts of ot about at a time at pe periods periods pe- pe nods as needed during the succeedIng succeeding succeeding succeed succeed- ing months until 1926 taxes come In i The treasurer says the following banks have indicated their willingness willingness willingness willing willing- I ness to enter into the plan pan The Copper Continental National National Na Na- Walker Valker Brothers Bankers I and the Uta Utah State National r j I |