The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1908-11-20
LAND BOARD REPORTS
ON THE CAPITOL FUND
Secretary Callister Makes a
Statement to Real Estate
Association.

In reply TO a query from S. g. Tuttle,
g. member of the capitol building com
mittee OF tho Real Estate association,
as TO the status Of the public building
fund available for q state capitol
building. Thomas C. Callister, secretary
OF the state land board. Thursday, sent
Mr.. Tuttle the following statement,
showing that there is only actually
about S36,65929 IN the fund now. ex-
amounting to Sl6,939.44, but that the
fund has possibility from this source
of approximately 100000 within few
years:
In reply 30 your communication over
the telephone yesterday, beg TO advise you
Of the enabling act. 3 grant for public
buildings purposes, loo sections OF land.
aggregating practically $4,000 acres. the
same to be selected by the state of Utah
from any lands not otherwise appropri
ated and TO be nonnineral in character
Practically all Of the $4,000 acres have
been applied for at this office by indi-
been selected. On November 81. 1907.
when the last report OF the state board
OF land commissioners was tlled there
had been 34,l66 acres OF the above grant
sold TO individuals, and certificates of sale
issued therefore: the remaining 29S3t
acres at that tirae had been selected and
selection lists were pending at Washing
ton. D. c. Since that time q number Of
our lists have been approved by the COM
missioner at Washington, but we are un-
able at this time 10 give you the exact
number OF acres,
Practically the entire 6l 900 acres of
public buildings lands have been sold at
$3.50 per acre. This would give us an
approximate total OF $a5, S33. when the en-
tire amount shall have been collected, OF
that amount We have collected, up to
November ! OF this year. S36. 659.2 %. the
balance is either outstanding. covered by
agreements to purchase. or certificates of
sale, and will be paid into this office
January 10 each year Until the en-
tire amount has been collected. or remains
still pending at Washington. certificates
of sale not yet having been issued or
contracts drawn for the sale OF the same
10 parties having made application for
the land. However, Ii is quite certain
that within the next ten years the entire
amount will have been collected by this
Office.
Besides the s95,33$ which will have been
collected as principal upon these lands
there is an interest fund accumula ting.
the same being paid over 10 the state
Irea asurer 10 the credit Of public buildings
fund interest, each month: said interest
fund consists Of amounts collected as in.
teTest on outstanding certificates OF sale
and as interest on moucys loaned. secured
by bonds or mortgages The interest fund
on November contained SIG. 93?.i4, which
amount. as we understand it, can he used
together with the principal. for public,
buildings purposes in the stale Of Utah.
We have. therefore, at the present time
IN the public buildings fund, S51 599. IG.
The interest fund, consisting OF SIG, ,93a.41,
remains in the state treasury. and cannot,
under Tho present law. be put out at in
terest, and can he used only by an act
ot the legislature for the purpose the
enabling act defines.