Evening capital news. (Boise, Idaho) 1901-1927, 1917-04-09
Land Board Votes to Invest
School and Endowment
Funds in Government
Bonds to Assist in FL
nancing War.
HUGE LOAN WILL BE
MADE TO THE ALLIES
Entire Resources of the
State Pledged to National
Government-Similar Ac-
tion by Other States in
Union Expected.

The state of Idaho VIII supScTlpe
100000 of the proposed war loan OF
$1,000, 000, 900. This decision was
reached today at meeting of the
land board when motion introduced
by Governor Alexander was unanl-
mously carried. The money from this
state will be made as an investment OF
the various school and endowment
funds at par and regardless of the in
terest the loan will bear. In addition
the state land board pledged the en-
tire resources of the state to the ma
tional government for the carrying on
of the war.
The state of Idaho has 100000 to in
vest II is made up of endowment
school and other moneys and is ready
to be placed at a reasonable rate OF
interest The land board believes that
it is the duty of the state to advance
such funds as it feels the state can
spare to aid the national government IN
successfully carrying. on the war that
Is now in progress in Europe so as TO
bring about the defeat of Germany. In
taking the action today the land board
acted unitedly and the members be-
lieved displayed a patriotic spirit as
well as used good business judgment
In offering to take part OF the war
oan.
TO MAKE BIG LOAN.
The present congress has not as yet
worked out the details surrounding the
war loan issue of $1,000, 600, 900. 1t is
probable however, it will authorize the
immediate issuance of $4,000, 900, 600 in
bonds to finance loan to the allies
and later take up the request for S2'-
600. 600. 900 to be used by the army and
navy.
In acting the land board placed the
board in a positions to subscribe to the
loan Just as soon as it is authorized.
Notification of the action taken was
ordered transmitted to United States
Senator william f. Borah who in turn
Is requested to notify the other mem
bcrs OF the Idaho delegation and the
secretary of the treasurer and the pre-
sent congress.
WHAT MINUTES SHOW.
The action of the board is in the fol-
lowing form in the minutes:
"Moved that the state of Idaho
through it's board of land commission
ers subscribe 100000 of the new war
oan about to be issued by the feder-
ii government as an Investment to the
various school and endowment funds
of the state of Idaho at par regardless
of the interest said loan shall bear and
we further pledge the entire resources
of our state to the national govern
ment for the carrying on of this war
and a copy of these resolutions be sub
mitted to the president of the United
States, the secretary, of the treasury
senate and representatives in the con-
gress of the United States from this
state
FIRST STATE TO ACT.
The war loan will be quickly sub
scribed in the United States, it is be-
licved. So far as is known Idaho is the
first state to take definite action and
extend authority to any branch of its
government to subscribe for any part
of the loan While it ruas into 10 fig
ures and tho amount that Idaho has de-
cided to take is but 100000, simils.I
action by other states which can af-
ford to take larger amounts would soon
Mace most of the loan with the several
states and at the same time offer the
best security for state funds as the ma
tional government stands behind the
,Oan