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OWNS PROPERTY AT PRICE Failed Banking House At Zion Has Some Interests Locally. Yesterday saw the fourth bank failure in Utah within almost as many weeks, when Utah Savings and Trust company was appointed receiver for Salt Take Security and Trust company. The failure is attributed to conditions brought on by the war. The largest part of the business done by the bank was in real estate, and as there has been practically no sale of real estate since the beginning of the war, the concern has suffered thereby. According to officials of the company, assets in excessiof the liabilities amount to $300,000, with an additional $300,000 in stockholders' assets. Among the larger assets are loans and discounts, $1,604,000; stocks and bonds, $437,000; real estate, $354,000; due from state banks and bankers, $45,000; title plant, $25,000. Liabilities and capital, $300,000; individual deposits, $143,000; real estate and mortgages, $957,000; mortgages sold and guaranteed, $927,000. Salt Lake Security and Trust company was organized several years ago by F. E. McGurrin, now a resident of Ban Francisco, Cala. Its officers are Dr. E. D. Woodruff, president: Dr. F. S. Bascom, vice president: Preston J. Cannon, vice president and secretary: W. L. Kirk and O, E. Vombaur, assistant secretaries, and A. C. Sullivan, cashier. The concern had numerous loans in Eastern Utah, among them a big one on the Midland Hotel property at Creen River. It owns several pieces of real estate at Price, including the former G. A. Iverson residence and business property on North Ninth street just off Main.
