OCR Text |
Show KNIGHT MILLS TO REBUILD AT ON1CE That portion of the Knight Woolen mills at Provo which was recently destroyed de-stroyed by fire is to be rebuilt at once. Senator Smoot undertook to negotiate a loan for the work and has succeeded, as is evidenced by. the following telegram tele-gram from the senator to Thomas N. Taylor, chairman of the building committee, com-mittee, which has the matter in charge? "Have arranged for woolen mills company, through Its bank, or bankers, bank-ers, under section 7, war finance corporation cor-poration act, to obtain 5250,000 for two years, with privilege of renewal. Interest In-terest rate probably 5 1-2, but not to exceed 6 per cent" |