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Show NATIONAL COPPER CHARTER IS ISSUED New $500,000 Bank Will Begin Busl- Iness In Salt Lake Today, I (.'nil T T, I n t-i. x, . . . o-im. i.ii-f rcu. i no .National Copper bank of Salt I-ako today becomes be-comes an active factor In the business life of this city and region. V. V. Armstrong, president of the bank, Tuesday received the "ofllclal no tJftcatlon from tho comptroller of the currency that the charter of the bank bad been Issued, authnrlztng It lo be-pin be-pin business. In expectation of ilifs notification, a suite of moms on the second floor of the N'ewhouse building had been leased, and these will serve as temporary quarters for the bank until the maCTlncent banking room, cons'ltuting the principal pnrt of th ground floor of the building, shall have been decorated and furnished. The removal to the permanent home will take Hace not later than May 1. Meanwhile such buslneps as conies slll be cared lor in the suite on tho second floor of thp same building. In these quarters It will le possible to transact cery phase phase of business busi-ness ordinarily done by a bank. Deposits De-posits may be received, loans made, drafts Issued, and, in fact, every form of business done except such as In-vole In-vole the piylng out of money. This will be impossible for fcie reason that no money will be kept "n the rooms, as no proilon can be made there for Its safer unrdlng Euoene Giles Cashier. Rugene Giles has been elected cashier cash-ier of the bank bv the loard of directors direct-ors Mr. C.IIps baa been ca6hler of the First National bank of Fly. Nev. A chanpe has also been made In the personnel per-sonnel of the board, owlnrs to the resignation of Colonel II A Wall, who has been succeeded by W. N. Mcfilll oi t;:y. .Mr. .mcuiii is a long time resi dent of Nevndi and one of tho most prominent citizens of the state The town of MeGHI, where are located the coiicentrailns mill and smelter of the Nevada Consolidate and Cumberland Ely Vlninp: companies, was named for Mr. McGlll. Work has been In progress for a couple of months past on the preparation prepara-tion of the permunent banlflnp room ' - occupancy. When finished. It Is believed, these will le the most beautiful beau-tiful banking rooms In the west. The work is under the supervision of the Freed Furniture & Carpet company of this city, to which the contract was awarded. The Freed hnve employed the most expert men In thr country to do the aciual work, so that the expectation ex-pectation Is that the completed bank will be perfect In utility and beauty. General Banking Business. Though the name of the institution has a mining llavor. It is by no niTins the intention of Its founders to limit Its srlce lo any cIpfs or form of business activity. While Hio accounts of mloing companies will be welcomed, wel-comed, similar attention will be risen to thor.e engaged In commercial pursuits, pur-suits, in agriculture, horticulture or any other form of Industrial life In this region- Tho Issuance of 1's charter Indicted that nt least one-half of the authorized capital had been pild. In fact, It was stated Tuesday that much lu excesa of the legal requirement had b'-nn paid In. It Is the expectation thit the entire capital of $"iii0 .000 shall be paid In lefore the bank removes to Its permanent per-manent home. The stockholders have al.o arranged to subscribe ?n nddl tlonal amount in oidor that the brink may begin business with a surplus of 530,000. |