a1a4297fFull suspension, Books examined
Other: Bank described as 'privately owned' in paper; receiver appointed.
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Salt Lake Bank Is Closed. Salt Lake City, Utah, July 9.-The Merchants bank, a privately owned financial institution, was closed today by the state bank commissioner of Utah. The action followed a "run" on the institution of two or three days duration which drained the cash resources. The bank's deposits amounted to about $1,400,000.
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LYNCH APPOINTED RECEIVER SALT LAKE CITY, Utah, July 9.Stephen H. Lynch was today appointed receiver of the Merchants Bank of this city, the doors of which institution were closed last night by the state bank examiner. Throughou the day a crowd of anxious depositors swarmed about the bank's doors. The depositors will receive dollar for dollar if time is allowed for proper liquidation of the assets, according to O. P. Soule, one of the bank's directors.
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RECEIVER APPOINTED FOR SALT LAKE BANK SALT LAKE CITY, July 9.Stephen H. Lynch, cashier of the State Bank of Bountiful, Utah, near here, was today appointed receiver of the Merchants' Bank of this city, the doors of which institution were closed last night by the state bank examiner. Bonds for Mr. Lynch were fixed at $250,000. Throughout the day a crowd of anxious depositors swarmed about the bank's doors, but only expressions of anxiety were heard. Depositors of the bank were foreign born to a large extent, it was said. The depositors will receive dollar for dollar if time is allowed for proper liquidating of the assets, according to O. P. Sproule, one of its directors.
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LYNCH MADE RECEIVER (Bv Review Leased Wire) SALT LAKE CITY, Utah, July 9.Stephen H. Lynch was today appointed receiver of the Merchants' Bank of this city, the doors of which institution were closed last night by the state bank examiner. Throughout the day a crowd of anxious depositors swarmed about the bank's doors. The depositors will receive dollar for dollar if time is allowed, for proper liquidation of the assets according to O. P. Soule, one of the bank's directors.
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SOME DEPOSITORS HERE. Merchants Bank at Salt Lake City was closed by the state bank examiner last Monday and is now in the hands of a receiver. Among its directors are A. B. Apperson, former vice president and general manager of United States Fuel company, and Moroni Heiner, holding the same position given up recently by Apperson. The bank has several depositors in Carbon and Emery counties. Depositors, it is claimed, are to be paid in full, but it will take good management and time to do it. Stephen H. Lynch is in charge as receiver. None of the other banking houses at Zion or of the state are in the least affected.
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SALT LAKE BANK FAILURE HITS PIOCHE The Merchants bank at Salt Lake City was closed Tuesday by the state bank examiner. A receiver is to be appointe dto wind up the affairs. The deposits amounted to more than to million dollars. Officers of the bank state that it is their belief that the bank will eventually pay out in full. The failure of the bank was felt slightly in Pioche. The Pioche Consolidated pay roll was held up one day until money could be shipped in from another bank. A check on the Merchants bank came in for a part of the Combined Metals payroll, it being necessary to wire another bank for funds, caused a small delay at this place. The Hodges-Cook Mercantile Co., were among the bank's big customers but how much money they have tied up is not known at present, as it is not known if checks for several thousand dollars reached the bank before it was closed. Mr. Godbe of the Prince, and W. H. Pitss of Hodges-Cook left for Salt Lake as soon as word reached here of the failure. They are making new banking connections.-Pioche Record.
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Is Henry Ford going to throw in a subscription to his new weekly with every flivver or a flivver with every new subscription? Before sailing for Europe this week President Wilson took time to nominate Charlotte H. Nelson as postmistress at Castle Gate. G. A. Iverson, formerly of Price, was last Wednesday elected to the Zion board of education from the Fourth ward of that city. David L. Jones of Castle Gate is named as among the slightly wounded in yesterday's casualty Hats. He is a former Carbon high student. After spending several weeks at Price and Green River lately, Miss Jennie Branch has returned to Salt Lake City to her former position with the New Grand Hotel. Her health is much improved. Mr. and Mrs. B. M. Goold are entertaining a new non at their home on North Ninth street. The young man arrived last Sunday and is of the regulation weight and lung power. Others concerned also doing nicely. Mrs. Alice Whitmore is in charge of the Red Cross drive which begins locally for new members on the 16th of this month. In view of the quarantine regulations throughout Carbon county auxilliary chairmen and others will be instructed to work largely along their own lines. Albert Piccinninni died at a Price hospital last Monday evening after but a few hours illnest from the influenza. He represented Voce de Popolo, an Italian newspaper at San Francisco, Cala. He was taken ill at the Golden Rule Hotel. He wea buried at Price by his countrymen. Four new appointments were made last Monday on the Denver and Rio Grande to take effect immediately. The appointees are G. W. Bourne, trainmaster at Helper: J. W. Durkin, trainmaster at Thistle: 8. E. Willis, trainmaster at Provo, and F. L. Hummell, assistant chief dispatcher at Salt Lake City. Machinery for the Farmers Mill and Elevator company, due here in Price some thirty days ago, bas up to date failed to arrive. Tracers sent out from the East and also from here have so far failed to locate it. It is believed now the car in which it was shipped has been destroyed by wreck somewhere en route. Mrs. C. W. Allsop, formerly Miss Flora Lewis, died at Standardville last Saturday of the influenza, while on the way to join her husband. Those surviving are her husband and a baby son, Lewis; her mother, Mrs. A. M. Iscacs; a sister, Olive Iscacs, and two brothers, hors, Horace and Harry Lewis. The body was taken to Salt Lake City for interment. Paloma Mining company of which M. P. Braffet is president and general manager was caught in the Merchants bank failure at Salt Lake City with two thousand dollats on deposit in that institution. However, Braffet was more lucky personally, for the day before the bank closed he checked out a thousand dollars of his own account for use at Price. In order to facilitate the headling and delivery of mail during the Christmas holidays, the ruling of the post office department that all packages bearing adhesive seals, other than lawful postage stamps, on the address side shall be suspended during the month of December. The public is advised, however, that holiday seals yor stickers should not be placed on the address sido. Owing to the fact that a large number of packages destined to foreign ports recently have been received in a badly broken condition, the post office department has issued a warning to the public to see to it that all articles intended to be mailed to any foreign country are securely packed. Articles not properly packed will not be accepted for mailing at any domestic postoffice. Notification that George Elderry, son of Mrs. C. W. Elderry of Helper, has been missing from his regiment since September 20th, has been sent his mother by the war Gepartment. The young man, 20 years old on enlistment, was in California when war was declared. He volunteered from that state and went to France as a member of a machine gun battalion from Camp Lewis, Wash. He was reborn at Pocatello, Ida., and received his education in the Midvale schools. The state board of nurse examiners will hold its regular semi-annual examinations for trained and graduate nurses the first week in January. Applications must be on file with the secretary at Salt Lake City on or before December 28th. State registration of all graduate nurses is compulsory under the Utah law. Mention is made of this in order that outside nurses who aided during the influenza epidemic may have opportunity to register if they expect to remain in Utah. Harold G. Nelms writes his parents at Price, Mr. and Mrs. George E Neims, that he has been in Cook County Hospital at Chicago for about five weeks. He was one of twenty-nifive volunteers from Camp Kearney, Cala., to go overseas and was sent to lithe East to take automobile training