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Show Thus we obtain a e. ' an investment of only SJaoA money supplied by the people oi Utah. "We built roads that would meet the economic needs of (he people. "At the end, of this year, with the aid of the gasoline tax, we will be able to maintain all of the state highways. high-ways. "In the periods of financial stress in the past three years, there have been )ut seven failures of Utah state banks. There were sixty in Idaho, 114 i" Montana. In Wyoming recently recent-ly there were (bur in one day. There have been two factors contributing to the U(ah showing. One is the law passed in 1921 permitting the State bank commissioner to go into a bank and take charge of its affairs. The other is the natural thrift of the people peo-ple of Utah. "Now as the general prosperity of the people of the state during these years. The payrolls of the state industries in-dustries in 1923 as shown by the industrial in-dustrial commission totals $81,000,000. This was the largest in the history of the state by $5,000,000. That for 1924, under records now being made up, I am told, will show an excess over 1923 of. another $3,000,000. The highest high-est previous record, was in the year 1920-21, $75,000,000. It will be $S6,-000,000 $S6,-000,000 in 1924, an increase of 13 per cent. only an indirect bearing on the sub ject. The legislature of 1921 helped to meet the obligations by issuing $1,000,000 in state road bonds, and $500,000 for fund deficit. There was still $484,000 of general fund deficit' which had to be cared for, as well as road obligations of $244,000 to be met by some other means. "At the end of this year, according tto the most accurate forecast that can be made," said the governor, "we will be able to tur nover the administration admin-istration with the deficit absorbed, and will have set aside in sinking funds and in bonds redeemed, $1,148,-000, $1,148,-000, or within $350,000 of the total bonds issued during this administration administra-tion to cover obligations incurred in previous years. "This means that in the four years the net governmental obligations will have been decreased by a total of $1,-650,000 $1,-650,000 or at the rate of more than $400,000 a year. And this has been done with the collection in the past three years of $595,000 less money for the state general fund than was collected col-lected during the last three years of the previous administration. "This economical readjustment has been accomplished in spite of an increase in-crease of 45 per cent in the number of students at the University of Utah, of 25 per cent at the Utah Agricultural College; in spite of an increase of 23 per cent in the number of inmates at the state mental hospital, and of 131 per cent at the state prison. The number of inmates at the state industrial indus-trial and state school for the deaf and blind have remained about constant. "The previous administration issued $6,000,000 in bonds and used up the entire amount, and as I have said obligated ob-ligated $1,244,000 more. The same administration ad-ministration since 1917 had $3,000,000 federal aid funds available and had used only $200,000. I have never yet understood the failure of the previous administration to avail itself of this federal aid. If it had used this $3,-000,000 $3,-000,000 it could have built the $6,000,-000 $6,000,-000 worth of roads on a 50-50 basis and would have had $3,000,000 left out of its $6,000,000 bond issue. This amount under the act of 1922 could have been matched against $9,0(K),000 federal aid funds, and would have simplified the road construction problems prob-lems of the present. "As it is, with no state money available, avail-able, we have absorbed $4,000,000 of federal aid. The road program of this year is the most ambitious in the history of the state, a total of $3,750,-I $3,750,-I 000 is being spent. - Of this amount $2,000,000 is supplied from the federa government and the remainder from the counties. "As an example of 'high finance,' let me point to the Wcndover highway high-way construction. The last legislature legisla-ture appropriated $25,000 for this road. We were able to persuade the San Francisco Chamber of Commerce to subscribe an additional $50,000. The Western Pacific, in concession on the price of gravel furnished, contributed another $35,000. This made a total of $110,000, and with this amount was mm gives VITALJIATISTICS Salt Lake City, October 8 "The real Crusaders, who will defend the Holy Land against the Vandals," as they were described by Oscar W. Carlson, chairman of the speakers' bureau of the Republican state organization, or-ganization, discussed issues of the campaign at a meeting here Monday, wherein unity of action and concentration concen-tration in attack were sought from the men who will go on the firing line. Governor Mabcy told of state administration admin-istration accomplishments. Congressman Congress-man E. O. Leatherwood enumerated national issues.' Former Justice D. N. Straup, candidate for supreme court, paid particular attention to the issues injected into the present campaign by the Socialist-Radical LaFollette ticket "Men and women,'' said Mr. Leatherwood, Leath-erwood, "are interested especially in the things that concern them at home. Such things are told in the record of the state administration. Governor Mabey's presentation of the accomplishments accom-plishments of the past four years is unanswerable." The governor's talk had been a ten-minute ten-minute rapid-fire bombardment of facts. Prefacing his remarks with the assertion as-sertion that by state administration he meant to include all state officers, elective an dappointive, who had maintained a wonderful record foi harmony in the past four years, the governor devoted attention to the financial fi-nancial accomplishments. Four years ago the state administration found a deficit in the general fund of $984,000 and road obligations incurred of $1,-244,000. $1,-244,000. Current taxes from which these obligations should be met had already been expended. This statement state-ment disregarded entirely the $809,-000 $809,-000 departmental deficits, which had |