Article Text
After having observed the holiday Penfor the past two weeks, and dieton season Savings bank was opened basis doing business on the same and is the other banks of the state, been as although the opening had not numpublicly announced, yet a large with ber of depositors were on hand two accumulated cash of the past and weeks waiting to make deposits what is most complimentary feature of the opening às that a large number of entirely new customers wene this among those to make deposits morning. Within a few moments after the opening business was proceeding indt- as usual and there was nothing to holicate that it had observed the days. There were no withdrawals, of no excitement, no manifestation level any kindland the over sane and counheaded citizenship of Umatilla and Pendleton once more assertty ed itself in the matter of fact manner in which business was resumed after a term of holidays. Rejeicing Is Universal. There is universal rejoicing over the opening of the bank, as its class patrons include people of every of and circumstance in every part of the county, and while the payment harenormous sums by the bank in vesting the wheat crop of Umatilla its recounty drained it heavily, yet have foundation-and stability sources, never for a moment been questioned by any unprejudiced rman. A very large proportion of the checks issued in Pendleton pass through the Savings bank and the by opening of its doors was shown a the heavy increase in trade and the general cheerful appearance upon faces of all Pendleton bus ness men. It is known that Portland banks and eastern banks in which the Pen- baldieton Savings bank had large rances, absolutely refused to ship all coin to it, as indeed they did to other institutions, and as wheat buyling was suddenly stopped, the ave- the nues by which every bank in of country secured its ready volume cash, was closed, A Pendleton Institution. TH is directly a Pendleton institution. most of its stock being held its in Umatilla county. Seventeen of 25 stockholders reside in Pendleton and are numbered among the solidest business and professional men of the a city: It has always transacted heavy business with the farmers and stockmen of Umatilla and adjeining counties. The stockholders of the bank are follows: / W. J. Furnish, R. L. T. Cox, as Joseph Basler, E. Boettcher, C. Dusenberry. E. W. McComas, A. Koeppen. J. N. Teal, Frank S. Curl, Herbert Boylen, A. J. Devim, Estate J. of P. Thompson of Portland, M. H. Raley. R. Alexander, Charles B. Carter, E. P. Marshall, Montie Gwinn, F. W. Vincent, E. L. Smith E. Roosevelt, R. N. Stanfield, Clementine C. F. Lewis of Portland Marion Jack, T. J. Morris and A1 C Page of Wallace. Deposits Were Heavy. While many patrons of the bank drew out small sums this forenoon n for current expenses and to meet their to S F pressing bills, yet the deposits up sum the noon hour exceeded the t checked out by about $30,000, and
