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Show 30 | THE ARGUS. > > Sheree queers and expanded with great strides, the banking field developed as rapidly, until in 1890 this city alone had ten real banking institutions. On March 5th of the year named the Clearing House Association of this city was organized with eight members, the two savings banks, the Deseret Savings and Zion’s Savings Bank and Trust company, deciding to clear through two of the regular banks. The organizers and first members of the Clearing House were Wells, Fargo & Co., the Deseret National, McCornick & Co., T. R. Jones & Co., the Union National (now Walker Bros.), the Commercial National, the Utah Commercial and Savings and the Bank of Salt Lake, later the American National and now again the Bank of Salt Lake. In the order here named the State Bank of Utah, the National Bank of the Republic, the Bank of Commerce and the Utah National joined the association, until today there are twelve members, all of the regular commercial banks being in the association. The Deseret Savings clears through the Deseret National and the Zion’s Savings through the State Bank * John E. Dooly Clearing House, of Wells, L. S. Fargo Hills of Utah. * of & Co. the was Deseret the first president National the of the second, W. S. McCornick of McCornick & Co. the third, T. R. Jones of T. R. Jones & Co. the fourth, M. 8. Cheesman of Walker Bros. the fifth, John W. Donnellan of the Commercial National the sixth, and the present incumbent is James E. Jennings of the Utah Commercial and Savings. C. L. Hawley of the Utah National was the first manager, serving until 1895, when he was succeeded by Ralph EH. Hoag of Wells, Fargo & Co., and he in turn by H. J. Young serve during 1896, when the place association, McCornick & Co. of the will go Deseret to the National, next who member will of the * DENOMINATIONAL ST. MARY’S JEWISH SYNAGOGUE. ST. MARK’S CATHEDRAL (EPISCOPAL). FIRST METHODIST. of the world, maintained were the banking between them were toppling on all sides, this com- So a not single house clearing certificate was issued, and the banking business of the city, which practically represented that of the entire State, was conducted without a hitch and without and a great record, It was a sign of weakness. caused * * Since its organization the Clearing House association has cleared a total of $459,861,551. During 1895 the clearings were $63,733,956, an increase of $2,909,370 over the total for 1894; and so the record has been made. For the year ending with May, 1896, the total clearings were $61,538,028, being about the same as for the twelve months previous. The banks of this city never were in as good condition as at present, which is saying much to their credit. ao = ¥ is interesting totals: Loans and discounts, $4,517,679.55; cash on hand, $1,185,747.38; and deposits, $4,534,995.58. In six cases Salt Lake’s banking houses, all of which are among the handsomest structures of the city, are owned by their financial occupants. | Notrs.—The for going article was written June 20, 1895. owing to Eastern pressure, E. H. ener oe oe under the the following grown to vast in response to is. veing Rev. * Bd jurisdiction of Bishop man- dollar for dollar. ARGUS. O’Connell here, Utah of California, being and in year Father Kelly took hold of the work, which has dimensions. The Episcopalians made their start in 1869, the activity of Bishop Tuttle, the first rector of this parHenry Foote. The Methodist Episcopal flock was formed CHUROHES. SCHOOL). ST. in 1670, PAUL’S (EPISCOPAL). SWEDISH LUTHERAN. FIRST PRESBYTERIAN. through conference, the efforts of Rev. Lewis the first pastor installed being Hartsough Rev. of the Colorado G. M. Pierce. The Pres- byterians perfected an organization November 12, 1871, under the ministry of Rev. Josiah Welch, and in February of the following year the Baptists were banded together under the leadership of Rev. Sewall prown. : ok Es a In addition to those already mentioned, Salt Lake City’s church roster embraces representatives of the Unitarian, Lutheran, Hebrew and Christian denominations, and the usual complement of religious societies, including the Young Men’s Christian association, Society of Canristian Endeavor, Epworth League, etc. The church organizations are well equipped with houses of worship, many or t.nem having memberships sufficiently large to require several courcues, ranging in dimensions from the stately Mormon Temple and Tabernacle down to structures of the size and style usually seen in modern cities of this class. denominational schools and ue religious A number of the churches seminaries of high grade. situation * in Salt Lake also maintain & City may be taken as an index of the condition in all the leading towns of the State, and it is fair to admit that much of Utah’s good repute in the business world is due to the consistency with which the bone and sinew of its citizenship have lived up to their professions of belief in Divine teachings. Past conditions have caused the spirit of human liberty to take deep root in the hearts of the people of this region, and in consequence the friendly relations between adherents of the various creeds is a noticeable feature of social life. Nowhere on earth can be found better churches or church-goers, and the high standard of ability maintained by the clergy is a source of pride to Sxery, URED. On June 23d the Bank of Salt The failure in no way affected the city, and no excitement was caused by it—Ep. aust ST ERE WOOLLEY. but it_will eventually be able, so the bank ager, J. H. Bacon, says, to pay its depositors and all other obligations Oe * which was not resumed until 1874, when through the efforts of Rev. Walter M. Barrows the church was reorganized and has since enjoyed a properous career. * Of the fourteen banking institutions of this city, four are national banks, five private banks, three State banks and two savings banks. The State, savings and national institutions have a combined capital of $2,500,000, and at the last reports a combined surplus of $909,000. The reports referred to were made in May, 1896, and showed the following Lake assigned, * der Mr. McLeod’s charge until 1866, when through force of adverse circumstances it was deemed advisable to temporarily suspend the work, this city and State to be looked upon with wonder and pointed to with pride. * * (CATHOLIC fnstitutions and so close the connection that City. From the time of their arrival until early in the sixties the Church of Jesus Christ of Latter-Day Saints, or “Mormons,” enjoyed a monopoly of organized effort in religious lines. No attempt was made to establish any other church in Utah until 1864, when Rev. Norman McLeod of the Congregational church came to Salt Lake City from Denver to survey the field. On January 14th of that year he conducted the first non-Mormon service ever held here, preaching from the text, “Can any good come out of Nazareth? Come and see.” The First Congregation church was formally organized February 14th and continued un- FIRST OONGREGATIONAL. FIRST BAPTIST. mittee did splendid service for the present and future of this State. well managed of Salt Lake The history of church work in Utah embraces material for a thrilling tale of brave deeds, devoted effort and loyalty to conscientious dictates in the face of disheartening obstacles. From 1847, when Brigham Young and a handful of devoted followers finished their weary march to this “promised land” of refuge from strife with their opponents, down through the years to the present, this has been a fruitful field for the missionary efforts of pioneer workers of every creed. The story of the hardships endured in early days is full of pathos, while the incidents surrounding the establishment of many of the church denominations in this region are tinged with romantic interest. placed x Salt Lake City’s inter-banking affairs are managed by the executive committee of the Clearing House Association, and during the terrible panic of 1893, when financial and commercial institutions, some of them the heaviest Churches In 1865 the Catholics decided to plant heir standard * among The ; A fair “changed idea of the conditions” * good in feeling Utah, * prevalent and the in church hopeful circles frame of under mind the with |