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Show KING INQUIRES INTO I PROPOSED S. L. BANK rrMSHrNOTON' Jun 14 A tele-srapnie tele-srapnie message was sent by Senator rung or Utah e8terda to tn- federal i Trvf, b:nnk al San PTanclscb, asking i ' h'lr desire to put up a branch bank 'ding at Salt LiU. ;,nd If s0 to submit a limit 0f cost which thev wish a "rpornted in the authorized leg - a-'Pn a-'Pn Providing the bank replies la ine artrmatiVe, Senatr,,- Kiri(T win in- 'roduee and press his bill With i Vies of getting action upon it-this session j This bank, if built, will he paid for out of the earnings of th federal rc- ' 'S bank at San Francisco, and will1 not involve an appropriation out of the treasury. chairman Harding of tho '"' r'" r' boatd. - held that .rederal resrv hanks ore primarily private ban!;-, with full right to Invest then own earnings In hank buildings 1 hut when hir prdirv was nuestioned In ' congress last fill he held up all build- I ing programs that had not progressed to the point or contracts, und the Salt 1 e project ivas among ih number j delayed. The proposed federal reserve bank building at salt Lake cannot b erected erect-ed Udder present law. unle.-s specific 1 authority r,M its construction Is given i by congress |