The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-11-02
Reasons Why the Prejudice and Patriotism Of Taxpayers Are
Being Overworked i'm This Campagn-A System
Be Concealed

The semi-annual report of the State Auditor published
IN July of this year. showed and onehaf millions of
dollars of state funds hand
Part of this amount the custody Of the Land
Board upon whose official transactions the public has
sought for light vain
Two Republican State Senates rejected these appontees
OF Governor Spry who calmly waited until Legislature
adjourned and named them anyhow
Petitions and protests from all the State have been
sent to Ills Excelency asking that other Republicans
named that Board But the as well salts
fed with the personnel of the State Board as he is
with the State Treasurer
What Is the State Land Board doing with the million
of dollars its State Treasurer has told lis
that his other funds amounting million and half are
on deposit in few selected banks
lie acknowledges that one-thrd of the whole sum is on
deposit in bank which he is an executive officer and
the Governor director.
Under the law the State Treasurer no right to sue
ceed himself So Mr. Mattson will have relnquish con-
troll of the State funds Will he?
Not If the Republican State ticket is successful He is
now candidate for Secretary of State, and supporting an
amendment to the State Constitution which proposes 20
leave the disposition of the State funds to the State Board
Of Examiners.
The State Board Of Examiners is composed Of the Gov
ernor, Secretary Of State and Attorney General
AS an officer in the bank in which the Governor is .
director the bank which has the free use of more
than half million Of State dollars he OUGHT TO have somo
influence with the State Board of Examiners
lie and the Governor both officials this bank ought
" 'e aoe TO secure continuation of the valuable service
winch their bank has enjoyed in the past
At least majority of the State Board of Examinars
should approve of any plan they suggest
hut the voter who imasines that this proposed amend
"ef says one word about the collection interest from
oankS is nj subject for bunko work
Inc proposed amendment doesn't mention interest or
o''' any other plan than the force
Bonds and the Bankers
we are told by State officials that bonds amounting to
Pooooo were issued last although State Aditor
report nolcates that there must have been at least ono
perhaps TWO millions hand when the bond ssuo w.e
authorized ~ ~ was
Then why should the State bond and borrow s5eo oon
from tne bankers Is there any legitimate excuse for su
hnanciering: " ~
Is theIe any excuse. in fact save that the bankers
wanted little more state money? Let lis see
lhe banks which using State funds n,rcbasoa
these bonds. Ps1u
ne banks took State money and loaned if to tho STATE
OH 'nese oonds at per cent per annum
Inc state borrowed its money and now nave .l
"aphs per cent year for the It's own ronoy
Yet the men who engineered this bit of fancy 6nio
ing are now asking for Endorsement of their business al
mnistraion ~ 'ne's au-
m i"ese oohds are mortgages the peoples nronnr,
NY are hen upon every taxpayers home They have 70
ne Pau together with the interest draw Tho b,n1
e ms interest although their money ub;.h th
loaned The taxpayers Of Utah pay this interest altht
the money is their own sn
Which System, Is Best?
Although the State Treasurer SAYS that be has n,ado
money Tor the State under the present system he docr