| Show I f Governor Cutler Defends Utah's Financial Credit I Executive cuU Slate State of Utah Salt Luke Lake City October r 31 1907 To this theo Public ln In one of or the mornIng morning morn- morn Ing papera aers of It this date late a statement is Ie ma made c which Is Js evidently Intended ed to Injure the tIme financial credit of or the time state of or Utah In glaring headlines the statement 1 Its Is ma made o that the state t I l Is in In financial distress In the time bod body of or the tIme article it Is said that State Au Amid Aud- J fl llor r Edwar Edwards s Is IH Mending ending out frantic appeals appeal to the time county countr treasurers a. a asking ask ask- kIng k- k ing tin them to send to him at once all aU th the lie available a funds due ue front Crom th the state Slate and that the time state has lies already borrowed In view of or this publication I issued with the tIme apparent l purpose of ot time the state tate I h hereby roby issue the time fol tol- oh- oh lowing statement It is Js true that the time state of Utah borrowed this year ear 2 which will bo be paid held tal off before beCore December 31 U. U I lf 07 But in iii order to the tho Improved Im Im- Iro proved condition of ot the states state's finances Ift 11 it I is iii only n necessary I to sa say that In the year car 1 1906 while waiting wailing for the time taxes to come in in the state tate borrowed antI and In I O The ero credit lt of the time state statu Is excellent An Any sum sum desired by hy the time state can be readily secured J. n But Bit although h It ft is Impossible to carry carn on the he business of or th tIme the state until time for the tIme tion tron of he lIme taxes without making some sonic loans the policy Is to 10 borrow as little as possible This I la is C MI in the tIme fact that this year car the time amount borrowed d Is H 1 lots Jess In 1906 an and amid less Ies than luau in 1905 Tho TIme writer of oC time the article in question evidently Ignores the time fact that tho time biennial period Co tom for I which appropriations appropriations ions are alC ma made begins In imm January but tuxes taxes for tor the time first year ear of or that period I tb do not riot begin to come conic In until October Loans art are ma made e only for the purpose e of con conducting time the legitimate business 6 of or the state tate und amid paying UH its necessary expenses expensed during that interval As 11 u a result of or the time diminution of or the amount borrowed the time financial condition of or the time slate state wilt will be better at the time close of ot 1007 than an any other oIlier time lime in its his his- tor tory As to the time sending out of or letters b by the state statu auditor asking the count county treasurers NI to forward the funds due the state stat that Is done doime ever every year Time The purpose it is lIS to enable the time state to PR pay lt its ItH In Indebtedness an and stop tho the payment of oC interest Time The law luw section 2663 revised statutes 1898 makes make it obligator obligatory gator upon th time the count county treasurers ti to forward olwar to tu the state auditor a all monies In hum their po es lon belonging to the time state on the first Monday ronda of or January April Jul July October J November and December of oC each year ear The rime penalty for Cur non compliance with this statute Is the forfeiting of oC three mouths months sal sai- ar ary The state auditor sends ends out notifications noti foIl to blIn bring this matter to the time attention of oC each count county treasurer Thu Tho statement referred to Is made with the evident o l purpose of oC ruining tIme the credit of oC the time state stale ing lug the fact that Its Us financial con condition Is better than in an army any lous Juc year ear It i Is published under modem headlines that are arc absolutely untrue In Justice to the state an and Its credit ft an and in view of ot tho time present general financial condition I ask that time the facts hero bert set et forth be published for tor the time Information of oC the public Signed JOHN JOU C. C Governor Go r. r |
