ue ael I Bis j or 1 J l Gol lII Vrr Vr r l j l i I Ii Il t T Z k i iiI r 1 1 y i l OO S PRESIDENTS OF THE DESERET NATIONAL BANK SINCE ITS ORGANIZATION I I HE BE Deseret National bank the T oldest Institution of Its kind In Inthe Inthe inthe the city and Ind the time bank to organize under the time territorial laws of Utah began begun Its existence as a private tank lank In the year 1869 a n notable date as it was tho the year which wit witnessed witnessed witnessed tho the completion of the tho Union Pa Pacific PaI I and Central Pacific railroads and the beginning of oC a new era ern In the tho com corn commercial commercial mercial life ilfe of the state Since that early carl day tho the bank has In Increased Increased increased creased its capital stock tock per cent from front to and has also accumulated a n reserve amounting to more than half a million besides pay payIng Ing log large dividends to Its stockholders It has weathered the storm of several I I panics and periods of or money stringency en enc j cy c during the tho Intervening years and Its I deposits deposit have grown from a few thou dollars to almost I In Its Infancy tho tile bank was known by bytho b tho time firm name of ot Hooper Eldredge Co the tho Incorporators being William WilliamH H II Hooper Horace S Eldredge and anc Lewis S SI Hills Tho The capital stock was placed at Later In 1870 the capital was Increased to I OOoo and tho the bank was vas then Incorporated under I Ithe the territorial laws lans as tho the Bank of ot Deseret Time Tha principal shareholders at that time Were ero Brigham H Hooper Horace S Eldredge Wil William Wilham limn liam Jennings Feramorz Little John Sharp and Lewis S Hills the tho latter latterI I of oC whom Is the tho present president of tho the thoI Institution Tho Time officers were noro Brigham I Young president Horace S vice president and Lewis S Hills Hilts cash cashier I ier ler Two years later lator In Iii 1872 It was de do decided to take toko out cut a national charter v J under the time name of oC the Deseret National bank At tho tle same fame time the capital 1 stock was Increased to the or of officers and directors remaining tho the same until 1873 when BrIgham Young re reI resigned I i signed the presidency of tho the bank William H Hooper was then thon elected to that position and ho continued to oc occupy occupy cupy CUP the until his death In 1882 Horace HoracES S Eldredge then succeeded Mr MI Hooper as president of or the Institution Institution institution tion a position which he held until his death In 1888 when ho hue was suc sue succeeded succeeded by b John Sharp At the same samee time that Horace S was iamE elected e president William Jennings s was made unade vice president a position which I ho he held until his death in lim the Ule year Feramorz was then Ulen elected vice president j I Following the death of oC Feramorz I Little In 1687 John Sharp Shar was made madeI i I rico Ico president a position which he hei i held until the ensuing year ear when I as ns stated above ho he succeeded Horace I i S Eldred as president The Tho vacancy vacancy cy C In tho the presidency was WM then tilled filled by the elevation of Moses Thatcher to o that position and he continued to act In that until his death this year when John C Cutler was elected elect to I II that position I IOn I On the lime death of John Sharp In 1891 Lewis S Hills was made president a aI I position which he still continues to 1 hold holdI holdIn I I In tho the year ear 1858 tho the capital stock was WILS I I again raised miRed to and tho the num her bor of directors Increased to 13 The next Increase In the tho capital stock was made nado In 1891 when It was raised d to toI I Its present figure I I H S Young the cashier of or the tho bank has been connected with the time bank for tor forI torI I 20 years having received tho the appoint appointment appointment ment meat as assistant cashier to 1389 years later he was nas mode marie cashier a L position pos tion which he continues still to hold I I The Tho present directorate consists ol o 0 Oui 0 I the tho following list Hat of or representative UJ men menI John R Barnes W H McIntyre I A W r Carlson W Y W RIter John C Cutler George Georgo Romney David Eccles Reed Smoot tS On t Lewis S Hills Ellis John Johll C Sharp Sh rp j jDavid r e to b i FrancIs M itt Lyman John R Winder S SH l I e the H G Whitney S USel Th Ilm Tho The officers are aro as follows E 5 ar arS Lewis LewisS S Hills S president v J Ihn Pie In Fo so John C Cutler vice president Ct cc H S Young cashier X t E H S Hills cashier L 1 St w V Burton east cashier For or th ht and The Tho flourishing condition of orthe the De D t t oret National Is best Indicated by the U 1 following condensed report of oC U t Ilci as shown at the close clo k In blu of business Lh a r great RESOURCES h t Jot Ifor r b Loans and discounts dl S 3 I with Ith Overdrafts Is S th U 13 S Bonds 0 i 0 Other bonds and stocks 5 Banking house I Duo from banks and U B S I treasury 1 9 n S Cash on o hand 3 ti Total 6 8 0 t LIABILITIES h P IIII Capital stock S 0 orge S C Surplus fund 6 l nl Undivided profits 6 National bank bonk notes out outstanding 5 standing b Deposits p L lit o Total J Sc I 90 J No I S tOt tOtS S