Salt Lake Herald-Republican | 1910-02-02 | Page 14 | National Copper Bank is Opened

i i NATIONAL COPPER COPPERI I DANK BANK IS OPENED I New Financial Institution Is IsNow IsNow IsNow Now Ready to Transact Business The National Copper bank hank of Salt Lake I ake today tOlla takes its place among the finan financial financial financial cial institutions of the city W LP V Arm Armstrong Armstrong Armstrong strong the president yesterday received official notification from the comptroller of the currency of the issuance of charter No Xo to the bank Considerably more than iO 0 per cent of the capital of the Na Xa National National Copper is in the hands of the banks officers it was stated yesterday When the National Coppers home in inthe inthe inthe the Newhouse e building is completed it will have one of the very ver finest banking rooms in the west The large ground floor room of the Newhouse building which has hasa a mezzanine floor running its entire length will ill be occupied by b the bank Con Contracts Contracts tracts for the furnishing and fitting of this room were let Jet a couple of months ago to the Freed Furniture company of this city which has employed the most skillful decorators in the country to do dothe dothe dothe the work This room will not be ready for occupancy until May Ila 1 I and in the meantime the bank will transact business in a suite of rooms on the tho second floor of the Newhouse building It will do all kinds of banking business except such as us I involves the paying out of actual money mone i It will have in ht these thes quarters no facilities for the keeping on hand of cash and none will be kept It will receive deposits make loans issue drafts and in fact do anything except maintain a supply of ac actual actual i cash in its offices Eugene Giles who has been cashier of i ithe the First National bank of Ely EI Nev has I been named cashier of the new bank There Thele has al also o been a II change on the board I of directors Col E A Wall all one of the I original directors has resigned and has hasben been ben succeeded by W Yo N McGill of Ely When the National Copper is Installed d din in its per home it will have its authorized authorised capital of oC fully paid up Ill and a surplus of The directors and stockholders of the institution are leading mining men of this community who have hae given the bank a name indica indicative th the tive e of the source of oC the greater part of their fortunes though they intend to tomake tomake make the bank as helpful to agriculture and general commerce as to mining