21389. Roosevelt Banking Company (Roosevelt, UT)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
July 1, 1920*
Location
Roosevelt, Utah (40.299, -109.989)

Metadata

Model
gpt-5-mini
Short Digest
f7f5d723

Response Measures

None

Description

Newspapers (Aug 5–6, 1920) report the Roosevelt Banking Company suspended payment at the request of the state bank commissioner, N. T. Porter. A new bank will be organized to take its place, indicating the suspended bank did not resume operations under the same name (permanent closure). No explicit run is described.

Events (2)

1. July 1, 1920* Suspension
Cause
Government Action
Cause Details
Suspended payment at the request of the state bank commissioner N. T. Porter.
Newspaper Excerpt
Organization of a new bank to take the place of the Roosevelt Banking company of Roosevelt, Utah, which last week suspended payment at the request of the state bank commissioner, N. T. Porter, will be effected within a few days
Source
newspapers
2. August 5, 1920 Other
Newspaper Excerpt
Organization of a new bank to take the place of the Roosevelt Banking company ... will be effected within a few days, according to an announcement made by a prominent Salt Lake banker.
Source
newspapers

Newspaper Articles (2)

Article from The Lehi Sun, August 5, 1920

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Article Text

UTAH STATE NEWS There will be a parade of Utah manufacturers in Salt Lake the afternoon of August 12, immediately preceding the trip to the annual outing which will be held at Lagoon. Mrs. May Sullivan, 30 years of age, who took antiseptic tablets at the White House hotel last week after her husband. Frank Sullivan Is said to have deserted her, died at the Salt Lake county hospital Saturday. John H. Seely, of Salt Lake City, owner of the largest herds of Rambouillet sheep in the world, and also one of the largest herds of registered shorthorns, died Saturday while on an outing at Fish lake. Scenes of Salt Lake, Bryce canyon, Zion canyon and other Utah scenic sections, together with views of Utah irrigation projects in operation and some of the farms which they have caused to grow out of the desert, will be exhibited next fall and winter in the public schools of Chicago. Elaborate preparations are being made here for the entertainment of the Indian war veterans of the state, who will hold their annual encampment and campfire in this city August 24 to 27. This will probably be the last state campfire of the association, and efforts are being made to make it a memorable celebration. July was the banner month in the history of the Salt Lake army recruiting station. During the month a total of 161 men were enlisted in the various departments of the army. The month ended with the highest peak attained. when fourteen men pledged themselves to Uncle Sam's service. In the week ending August 31 fifty-one men were enlisted. The honey crop of the Uintah basin this year Is especially good. according to Harold H. Hagan, state crops and pests inspector. who has returned to Logan from a a trip to Duchesne and Vernal. Accompanied by B. L. Richards, plant pathologist M. C. Merrill, horticulturist, and Frank R. Arnold, Instructor in modern languages at the Utah Agricultural college. Culmination of several weeks of investigation and of conferences with county commissioners and other taxing officials came when the state board of equalization issued orders which will mean the addition of $10.500,000 in round numbers to the asgessed-valuation of the state, by means of "blanket" raises in various classes of property. As It now stands the state's total valuation for the present tax year is $714,781,597. Last year the state paid taxes on approximately $692,400,000. Organization of a new bank to take the place of the Roosevelt Banking company of Roosevelt, Utah, which last week suspended payment at the request of the state bank commissioner, N. T. Porter, will be effected within a few days, according to an announcement made by a prominent Salt Lake banker. Honor was paid the pioneers of Utah in story and song at she Pioneer day celebration held in the Tabernacle at Salt Lake. Several thousand persons, Including hundreds of Sunday school pupils from the fifteen wards of the Pioneer stake of the L. D. S. church, filled the main floor of the historic building, as well as the choir loft. The High Line Canal company of Vernal recently filed articles of incorporation with the secretary of state, showing an authorized capital stock of $300,000 in $20 shares. M. M. Batty is president; J. B. Eaton, vice president, and George A. Slaugh, additional director. The Vernal Irrigation company is represented as owning 10,000 of the shares of the new company. The county board of equalization of Carbon county will be reconvened by the state board of equalization and among other things will be invited to reconsider its assessment of farm lands. There may be nothing in the formal order reconvening the county board to indicate it, but it is the tacit agreement that the county board is to find a way to reduce the assessment on farm lands. Salt Lake county's endeavor to economize in cost of road construction through use of its own equipment and force as far as might be, was shown by a comparison of figures to be resulting in a considerable saving. The purpose of the plan, which was approved by the advisory committee on road building, was to make the avail-


Article from The Pioche Record, August 6, 1920

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Article Text

UTAH budget Two full herds of Tamworth swine will be exhibited at the Utah state fair this year from the Endsley Red Stock of Surprose "III 18 unrez advices to the state fair office. Sampling mill No. 4 of the American Smelting & Refining company's plant at Murray burned to the ground early Tuesday morning. The fire started supposedly from a cigaret. Miss Johanna Smith of Salt Lake has the distinction of being the first violinist and possibly the first musician to render a selection on the rim of Bryce canyon, which was rendered last week. F. B. Terriberry, state bee inspector, has returned from a trip through Heber valley. There are now 500 colonies of bees in the valley, he said, and those colonies will produce at least 50,000 pounds of honey worth $10,000. Wireless telephone conversations from Catalina Island to Los Angeles have been heard over a wireless receiving set on two occasions by Everett Seely, 540 Ninth East street, Salt Lake City, secretary of the Utah Radio association. Warrants have been issued by United States Commissioner Henry V. Van Pelt for the arrest of directors of the Utah-Idaho Sugar company to face charges of profiteering under the amended complaint filed by the United States district attorney of Idaho. Sixty-five Boy Scouts and sixteen this = 201 uepSO the time through Yellowstone National park, where they will take a two weeks' hike. The party will be in charge of Scout Executive G. A. Goates and Scoutmasters D. B. Foulges A. Bergstrom. Enthusiastic support was manifestBounti- to here meetting seem . the M 000'009$ lisued 07 [esodord the JO my bonds on the Bonneville irrigation listrict for the purpose of installing in Irrigation system which would резиздено 1881 uo water some the district. The High Line Canal company of Fernal recently filed articles of incorporation with the secretary of state, showing an authorized capital stock Batter и и shares. $20 u! 000'008$ JO ty is president; J. B. Eaton, vice president, and George A. Slaugh, additional director. The Vernal Irrigation company is represented as owning 10,000 of the shares of the new company. Honor was paid the pioneers of Utah in story and song at the Pioneer day celebration held in the Tabernacle at Salt Lake. Several thousand persons, including hundreds of Sunday school pupils from the fifteen wards of the Pioneer stake of the L. D. S. church, filled the main floor of the historic building, as well as the choir loft. Salt Lake county's endeavor to economize in cost of road construction through use of its own equipment and force as far as might be, was shown by a comparison of figures to be resulting in a considerable saving. The purpose of the plan, which was approved by the advisory committee on road building, was to make the available funds reach as far on the county highways as possible. John S. Earley, executive secretary of the Utah Manufacturers' association, has been advised by the management of Lagoon that the manufacturers are invited to make a display of their products for the week prior to their annual outing. The management of the resort has agreed to furnish space and a caretaker free of charge. Organization of a new bank to take the place of the Roosevelt Banking company of Roosevelt, Utah, which last week suspended payment at the request of the state bank commissioner, N. T. Porter, will be effected within a few days, according to an announcement made by a prominent Salt Lake banker. The county board of equalization of Carbon county will be reconvened by the state board of equalization and among other things will be invited to reconsider its assessment of farm lands. There may be nothing in the formal order reconvening the county board to indicate it, but it is the tacit agreement that the county board is to find a way to reduce the assessment on farm lands. Adjudication of apparently conflicting claims of Price city and the Denver & Rio Grande in the waters of Colton springs, in Carbon county, was announced by the state engineer last week. The sugar plant branch of the United States department of agriculture is endeavoring to curb the ravages of the nematoda worm, which is JO parts up 40.10 beet the UTAH Threats that his three-year-old daughter, Allan, would be kidnaped unless he sent $3,000 to the writer are contained in a letter sent through the