Show My Myton ton State Bank Closes its Doors From Myton l 1100 Press An ominous sign appeared on the front door of or tho the Mylon 1 l State Bank yesterday morning The w words were few lew but they were pregnant with moaning meaning Closed I temporarily by order older of the tho state banking department Coming as it docs does in less than six months after atter the disgraceful failure of tho the First National Bank of Myton 1 this failure whether r but temporary or permanent will load us down with a burden hard bard to carry but we wo must carry It We must not allow ourselves to get too deep in the slough of despond If there thero ever over was a time when a man should put forth every effort and dig the hardest it is when the hour seems darkest When the sea seta is smooth and tho sailing is easy we can afford to let the oars rest test a little tittle but not when there Is a storm The business men mon of this community must operate co-operate and they must as far as possible cultivate optimism instead of oC bo so much of Old Man Gloom If It the truth were known Old Gloom contributed largely t to that bank failure One little word carelessly spoken hatched the thought for another word which carried danger with it and there you are ure If U yo you have any ally money In ih that bank you bettor bet bet- J tor take It out That was waB all but hut it helped to d do the work Many depositors lost confidence an and began to withdraw withdraw with with- draw an and that settled it it Money is tl and tho the least scare will make it take refuge In iu a sock or under a mat mat- tress Whoever this tills Old Man Gloom was vas he ought to be prosecuted Other things contributed to th the failure Liquidation of the First National and the Duchesne banks backs All the money collected by the receivers went out of ot the basin There may be bo still other causes that will come to light If so wo we expect to publish same Tho rho Myton lylon State SLate Bank Dank was the pioneer institution In county and the second oldest in the Uintah basin It was organized In 1909 The building which stands on the corner of the two main streets a a. two story cement with basement is owned by the company It is believed all depositors will be paid one hundred h cents on tho the dollar How soon there is no telling There Thero will be ho approximately deposits to pay There is said to be more than enough gilt edge mortgages to meet this demand If not the real estate owned by the bank hank includes the building the Broome Broom garage and the tho C. C W V Evilsizer property total value around All the tile assets above mentioned do not include assets held by the Federal reserve Seth state bank commissioner arrived last night and is now in charge and is busy taking an tory Myton must have a bank and doubtless in In- the Inthe the near future will have |