| 127 "3. It will be quite unsafe to fix definitely upon a given point unless there shall be a sufficient amount of means at the disposal of the purchasing agent to warrant the committee in entering in upon proper contracts for such amount of land as will secure those wishing to settle where such site may be selected from paying exorbitant prices for homes.
"4. The committee know of no property belonging to the church which may be by them offered as security for moneys, if borrowed of capitalists; therefore, do not feel at liberty to pledge the faith of the church for the repayment of the means if so borrowed.
"5. The committee can therefore see no more practical method of raising adequate means, with which to begin the work of purchasing lands, than the following:
"(1). Those Saints who may have means which they wish to devote (consecrate) to this object may set it apart to be so used, by sending it to the Bishop of the church, subject to the order of the committee.
"(2). Those Saints who may have means which they are willing shall be used in such purchase, either without interest, or at a reasonable rate of interest, may loan such moneys to the committee by sending the same to the Bishop, taking his receipt therefor, specifying date, sum, length of time for which it is loaned, and the rate of interest to be paid; provided, that such sum so loaned is to be repaid by the committee out of the proceeds of sales of lands purchased and sold by said committee, in pursuance of the object for which they were appointed; provided further, that no sum shall be loaned for a less period than two years.
"6. The committee are of the opinion that from twenty-five thousand to fifty thousand dollars should be expended by the church in the purchase of lands at and contiguous to the site that may be selected.
"7. That as soon as a sufficient sum shall be placed at the command of the committee, the purchase of lands shall begin, and continue so long as the means will permit; provided, that unless a sufficient amount is raised within a reasonable period of time, the sums consecrated and loaned for the purchase of lands shall be returned to those who so consecrated and loaned them'-the loans to be returned without interest.
"8. The committee are now ready to receive consecrations and loans, as provided heretofore, and to proceed to the purchase and location of a site for a settlement; and would make a formal appeal to the Saints to now aid in the work. They do further assure all who may desire to help the measure, that they need have no fears in giving what aid is in their power, as the committee are pledged to carry out the measures that may be devised faithfully to the desired end.
"The committee would, therefore, in view of what is hereinbefore set forth, earnestly request, and urge upon the Saints, an immediate and positive action, that means may be forthcoming in sufficient amount to enable the committee to proceed at an early day to the completion of the duty assigned them.
"Let there be no delay, but let every man take counsel with himself and
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