Show yU BANKS DECLINE TO MAKE LOANS Ogden banks lanka do not care to loan money to service ex m mn n upon their adjusted compensation certificates because the govern govern- government government o ern ment permits a maximum rate ot of 6 per cent Interest and also for lor forthe forthe the reason that considerable red tape Is necessary for the loan loans however small they are All Alt four Ogden banks r report port many applications for tor loans by service service ex-service men but none has been bean granted The Tho First National bank and National Bank of Commerce said they do not care to make the I loans 01 ns chiefly for tor the reasons stated slated The Ogden State bank and Commercial Security bank have bave both received numerous applications applications applications for loans but have made none These two Institutions not yet et d determined their policy on the bonus loans Officers of all of the banks de- de declue de declare dare clue clare that It Is 1 their opinion that the Insurance certificates were weN given ghen the service ex men to retain for future benefits All certificates cates are for a period of 20 years when their face value Alue can be collected by the holder from the government They are policies and payable upon death of the Insured IN IX SALT S LAKE L SALT LAKE Jan By 3 3 By The Associated 1 Press Although bankers were supposed to make loans to former service men on their adjusted compensation ce- ce certificates local banks refused refu ed to honor the requests for advances More than men meB the tho local offices of the tho United States veterans bureau seeking an ex- ex explanation ex explanation Fl VIEWS 8 WASHINGTON Jan By 4 4 ByThe The As Preas Press Confidence deuce dence was expressed by the ad ad- ad ministration that most of ot the banks soon would make loans on tho soldier Insurance certificates as steps were considered In congress fOr authorizing the veterans veteran bu- bu bureau bu bureau reau to loan on this collateral Although reports received 1 by bythe bythe bythe the veterans bureau Indicated 1 on only about one halt of ot the tho banks were wee accepting tb thai certificates which v acquired acquire a 0 loan value Monday Secretary e Mellon expressed the b b lief tho banks would soon turn to these thee loans as a proposition proposition The Adjusted service fund rund was w increased ed bv to a total of All of ot this is pledged to the certificates which have an estimated loan value of thel There Is no chance for th the to lose Jose on the tho loans Mr 11 Mellon explained If H HI the he 1 war nar ar veterans fall fail to repay tile the I loans Joans the veterans bureau will well mako them pod cutting this sum from Cronl the thc he value alue of the thc certificate willI I finally due duo the veteran |