Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1909-01-28
PLAN FOR CAPITOL
TO Be PRESENTED
Real Estate Association Secures
Figures and Suggests Ways
And Means.
coNrEMPLATEs BOND ISSUE
Report in Detail o. Addressed Co the
senate and House OF the Eighth
Legislative Assembly.

The Salt Lake RcaI Estate associa-
zion has developed 20 plan boy which 10
believes @ state capitol building can Doe
erected in Utah. AZ the regular Real
Estate association meeting held 600 the
Commercial club yesterday afternoon.
the committee on capitol building made
a report submitting lts proposition.
on this committee was George 81
Cannon. who has long been active In
politics and is well acquainted with
the general needs OF the state It's
recommendations are Zoo detail. and
propose 60 utilize an public buildings
funds, and TO issue bonds lor 100000.
The report Is as follows.
no the Honorable the President Of the
senate ana the Speaker of the
House and Members of the Legis-
lature OF the State oc Utah:
The undersigned members OF tho cap
itOl building committee appointed by
the salt Lake l3cAl Estate association
20 Investigate the feasibility of the
state OF Utah issuing s2.O00.000 in so
years 3iA per cent bonds for the pur-
pose Of erecting It su' table state capitol
building respectfully petition your
honorable body al this session OF the
Legislature, TO pass such laws as win
set In motion the proper machinery OF
this state 10 the end that we may. NJ
the earliest possible date. erect a SUITE
able capitol building on tho beautiful
site az the head Of state street. Salt
Lake city. adequate FOR the needs OF
our great and growing state.
We would respectfully report our
findings ia relation 90 the present situ-
alton as 10 the proposed capitol build
ing 10 be as follows.
First-We now have a capitol building
site Of about 20 acres. which has been
highly improved and cared Tor Tor
years past
Second Under the constitution "
Utah, article ~. section j. the pro-
vision is made "tO meet expenses
including the erection Of public
buildings and payment Of ter
ritorial indebtedness assumed. the state
may contract debts not exceeding IN
tho aggregate at any one time the
sum of $500 900 over and above the
amount OF the territorial Indebtedness
assumed BY the state" and also
THE state shall never (after the terri
torial debt is paid contract any I'M
debtedness except 10 defend the state.
etc"
We understand that the debt as
stunned, referred TO In the above quota
AiNtAt was eaNNtN''. lif sum DIS SUN An-
paid and Is covered hy state bonds. as
follows:
Series No. 9. per cent bonds
due July ~, 1912 ..............s25O.0 0U
Series No. 4. per cent bonds.
due July 2. 1916 ............ 200 900
Series No. s, So per cent bonds.
due september J. 1915 ....... 100 600
series No. 8. 81 per cent bonds.
due July I. 1920 .........,... 300 900
The state auditor informs us that
there is now $4,000 set aside toward
redemption fund for series Nos. 3 and 4.
maturing in 1912 and 1916.
Third-We ind that under "the en-
abiing act" OF the State OF Utah, In sec
ton z the state was given 100 Sec
tons OF land, TO be selected an legal
subdivisions for the purpose of erecting
public buildings al the capital of said
state for legislative. executive and ju-
dicial purposes. In relation 20 this al
lotment Of public lands we md that
practically the whole 81 900 acres have
been sold at about $3.50 per acre And
Thomas G. Callister. secretary Of the
state board OF land commissioners. re-
ports that there has already been COLI
lected from this source and is now on
hand, about s5L500. ana there is already
on hand accumulated Interest on the
fund about $1,000. During the next 10
years all Of this land viii be paid for.
and the proceeds on the land. together
with the interest thereon. Will al the
end of that time. amount 20 about $780,
600
II would appear from the above uuo-
tations from our constitution that tho
issuing OF sufficient bonds for the
building OF an appropriate and ade-
quate state capitol. as suggested Iu the
resolution under which this committee
was appointed. could not be accom-
plished without am amendment 10 the
constitution OF the State of Utah I'D
Us possible this might bee done. but il
would take considerable time. and de-
lay the desired results longer, perhaps.
than rs necessary NJ laws shall be-
passed by your honorable body which
shall Incorporate the main features of
tho recommendation which this COM
mittee respectfully presents to YOU
herewith. We would recommend.
First-That the legislature immod,-
ately pass "a law authorizing tho issue
ance and sale OF Che 100000 bon bonds
TO which We are entitled under the COM
autution 90 the State of Utah Tor tho
purpose OF building O. capitol building
at 80 per cent interest," TO- run FOR
period OF go years.
Sccond-Wo recommend that the leg
islaturo Immediately pass such laws as
viii make the proceeds 0f Che fale OF
the bf.0oO-acfc land grant, together with
the Interest thereon and all future sums
received m This fund Immediately
available, for the purpose of beginning
work looking toward securing our
capitol building
Third-We would further recommend