Ogden Daily Standard | 1918-01-08 | Page 5 | State Reduces Its Temporary Loans

1 uu I STATE REDUCES ITS TEMPORARY LOANS Temporary loans to the state for the benefit of tho general fund wero reduced to $375,000 yeBtcrday, when a ; note of $75,000 was paid off at the National Na-tional Copper bank. At the Incoming of tho present state administration the general fund loan indebtedness was $100,000. so that the existing liability is $25,000 less than the inherited indebtedness in-debtedness on this account. On account of the state road fund, the commonwealth owes the state land board $75,000, which will be paid off as soon as the road bonds already authorized au-thorized shall have been sold. It also owes tho land board $50,000. borrowed for the state council of defense.