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Show IiOAXS TO THE FARMERS The present Democratic officers, when running for office loudly proclaimed pro-claimed that they would loan the permanent per-manent funds in possession of the land commission to the small farmers. far-mers. An audit of the loans made by the state board of land commissioners commiss-ioners discloses the fact that $1,145,-000 $1,145,-000 has been loaned in amounts in excess of $10,000. Two of these loans require particular mention. The loan of $160,000 to the Lynndyl townsite and the loan of $110,000 to Orem Town were made over the strenuous protest of the State Auditor Au-ditor on the grounds that the security secur-ity was inadequate. Democrats high in the councils of the party were interested in-terested in both of these loans, which may have been a factor taken into consideration. On the loans of $110,000 to Orem Town, the state suffered a direct loss of $14,000. At the time, the bonds of Orem Town were purchased the State Road bonds, which the state sold at that time brought 87 and the state board of land commissioners purchased the bonds of Orem Town at par. Why did they not purchase Stale of Utah road bonds whose security was beyond be-yond question and save this amount to the taxpayers of the state. . |