Show Merchants Bank Makes dig Big Record Under Direction of Good Men MenI I New Institution Nears Million Marls in Deposits After Only n a Few Months of Vigorous Campaign Managed by a coterie of at men whose business sagacity and popularity scored such successes for the old Commercial National bank the Merchants bank youngest of the bankIng Institutions of 01 Salt Lake Is fast growIng to an Importance equal to Its older rIvals In Inthe inthe the bankIng fIeld of Salt Lake Though the Merchants bank under the new management ot of H P Clark John J Daly A H Peabody y W H Shearman and others has bas been actively competing only sInce May 3 1 1909 1 the bank now has deposIts of During the last six months the busi business business ness ot of the bank shows an increase in deposIts of and officers and directors ot of Salt Lakes Infant bank have been gratified by the steady and continued Increase in deposIts Public patronage Started Immediately upon the accessIon ot of the new manage management management ment to control of the Merchants bank It had been conducted In the Judge building but after the purchase of the present owners the bank moved to new quarters at South Main street Here a complete bankIng In Institution institution with commodious and sate safe vaults was bunt built and the Merchants bank moved Into Its new homo home about two to months ago Business men man whO have followed the careers of the men now In charge of the Merchants bank were not slow In showIng their faith In the business ability of at these men by makIng heaVY The largest contributors to the new bank however have been bean the small busIness men and professional men most of whom are well acquainted with the genial offIcers of the bank whIch IS now starting upon a career whIch it Is felt confident will wUl es establish establish a new record and within a 0 few y years ars become one of the very foremost of the bankIng institutions ot of Salt Lake LakeIt It has long been the tho experience ot of successful bankers that courteous treatment conservative banking moth meth metho o oils s and a most careful handling of the f money entrusted has haa been the super superstructure superstructure structure upon which have been reared the greatest banks In the country Trust in officials brings deposits large and small One deposItor satisfied with the Institution and men to whom he be has entrusted his money becomes a walkIng that bank bankIt It has been the practice of the Mer Merchants Merchants chants bank to care for the small de depositor depositor with the tho same degree as the large one In this largely ly lies the tho un UIl r t s f n success of the Merchants bank during the few months of Its In fancy A cursory glance at the list of tors of the Merchants bank shows a list of at some lome of the most progressive busIness men o of Salt Lakeman n who have made their mark In the business and fInancial world during the last ten years yeara or more A more careful Into the personnel will strengthen the original views The board ot of directors is composed of the folloWing Hon William SprY governor of Utah W J Halloran president Commer cial club John J Daly capitalist H C Edwards lawyer vice pros dent Continental Life Lite rance com panY C P OverfIeld manager American Stoker company C N Strevell president Independent Coal Coke companY S W Morrison wholesale lumber dealer James N Paterson presIdent Hardware company compan Lester D Freed vice president Freed FreelS Furniture company O 0 K IL Lewis manager S B S B Walker Estate companY J 1 E Caine secretary CommercIal club company IL H Po P Clark presIdent Merchants bank All ot of the officers of the Merchants bank were formerly offIcers of the Commercial National bank They are H P Clark presIdent John J Daly vice president A H Peabody vice presIdent and W H Shearman cashier The deal whIch caused no little sur prise In banking circles of Salt Lake and which turned the Merchants bank over to the new management was made May 8 1909 when the transfer fInally Occurred And sInce that time a wonderful increase In deposIts has been shown The Merchants bank has a capital of deposits of and a i showIng of surplus and undIvided prof Its amounting to Judging from the wonderful sUccess of the Merchants bank sInce Its control by the new management last May bus Iness men lOOk for for a future with the past which will wUl place the Merchants bank within a few years not only among the tho leaders ot of Salt Lake but as one of the Important banking institutions of the taIn west |