Show 9 THE OGDEN (UTAH) STANDARD-cxavune- - SATURDAY x EVENING MAY 28 1933 m Years of Smoke Fatal to S L Business Money Has Become Billion-DollFor Utah's 350 Banks and Lending Agencies ar in Salt Lake City where Leatham notes the only possible “trend” toward branch banking Have 18 Branches The state’s nine national banks have a total of 18 branches Leatham says 16 of these branches are all part of one bank — First Security — which also has banking “facilities” at Hill Air Force Base and Dugway Proving Grounds There are comparatively fewj-e- r branches among the state’s ers get a fair shake By JOHN V nURST Yet the cost of running LeathSALT LAKE CITY (AP) — am’s lerfd-ing department — about $50000 Money — just holding it and a year —doesn’t come out of the it — has become a billion-dol- - state treasury The institutions themselves pay the freight through fees charged for periodic examinations filings and other activities lar business in Utah money-handlin- g Utah’s 350 banks At t and lendingagencies had assets of just over 1 billion dollars Of this sum Loyis S Leatham Utah’s bank commissioner must It’s Solid keep an eye on last-coun- how some 600 Just how good is Utah’s million is handled by the 300 state - chartered institutions “M y department probably affects the life of every individual in the state “Almost every Leatham says family — certainly every business — has a bank account of some kind Many have borrowed money at one time or another" Supervises 45 Banks The State Banking Department which Leatham heads directly supervises 45 banks 15 savings or building and loan associations 54 industrial loan corporations 102 credit unions and 84 small loan firms It has power over their state charters and can remove any of their officials or directors for cause In addition as chairman of the State Depository Board he can examine the books of Utah’s nine nationally chartered banks The board rules on whether a bank can be trusted to handle public funds belonging to city county life-and-dea- th and state governments Leatham says all of them can — they’ve all been cleared It’s also the job of Leatham’s department to charter new state banks and lending agencies and to approve or reject moves by existing institutions to set up branches He must keep an eye on how the state’s complicated schedule of interest rates is observed to see that Utah borrow- - !i Wear Guaranteed bank- ing picture? Solid says Leatham Though there are fewer state and national banks now than there were in 1936 the state hasn’t seen a bank failure since the depression year of 1933 “There have been some consolidations” Leatham explains “and some banks have become branches of other institutions” But in the past 19 years Utah’s state and national banks have grown from total assets of some 159 million dollars to today’s figure of more than 819 million Similar growth has been noted cumstances” All other things being equal he says the group making the first application in a given area— be it for a unit (independent) or a branch bank — gets the charter Leatham says his office cooperates in this respect with the national bank examiner for Utah in cases of conflict between groups wanting state andor national charters -- banks Utah’s 45 have a total of 14 branches with five more pending or applied for Five of these branches and one of the pending ones are located state-chartere- d PLANTS Famous Brandt MOHAWK McGEE Perennial and Annual MASLAND $10 Par Month Will Do Mott Living Rooms 23 Varlatiaa Patunia Salvia - Marigolds - Snaps Bogonias - Dahlias - Others Pappars - Egg Plant - Tomatoes Pan! Phone JOHNSON l PERRIN 3701 Wash SHAW'S GREENHOUSE INC Ph 2-50- 14 North Ogden 3-7- SUNDAYS AND EVENINGS tl Of the 15 firms only three have branches — and two of these are located in Hawaii There are two branches — one in Butte Mont — among the state’s six nationally chartered savings and loan firms The trend toward branch banks in Salt Lake City Leatham thinks is due in part to the city’s parking problem Then too Utah law makes Salt Lake the state’s only city and thus the only community where a bank may be set up in competition with existing banks Ogden’s two branch banks were set up under a law’ that was later declared unconstitutional Last year the Utah Legislature passed a bill allowing the existing Ogden branches to remain in busistate-chartere- among savings and loan associations 'and other Utah lending agencies The savings and loan firms for instance had assets of almost 21 million dollars in 1938 Today these assets total more than 91 million Is there much of a trend toward branch banking in Utah? Not much Leatham thinks’ "There have been a few more branch banks than unit banks organized in recent years but I think it’s just because of cir- CARPETS No Down Payment savings and loan associations d County Fire Chief SALT LAKE CITY (AP) — The Utah Supreme Court says SALT LAKE CITY (AP) — Smoke poisoning probably resulting from years of fighting fires caused the death yesterday of veteran Salt Lake County Fire Chief John W (Jack) Clay Clay 55 years old died in a Salt Lake City hospital of carbon monoxide poisoning The veteran fireman and sports n ) 1 Today in Utah 12 Girls Seek West Point Crown full-tim- e full-tim- e county’s ambulance service and fire trucks which carry their own tow' water Clay was overcome by smoke while fighting a furniture store fire in Midvale April 3 Several weeks later he entered a hospital for observation He was released but returned to the hospital two weeks ago His physicians said the monoxide poisoning was the result of exposure to such fumes over a Peri°d of years In addition to his work as fire chief Clay was active in sports He was a member of the Utah Fish and Game Commission for -- ' con-tutionali- ty E1!- i - V V Lorraine Tura of Arlington Va points to Department of Commerce score board as it turned an even 165000000 — the estimated population of the United States at 7:51:51 am (EST) yesterday Malad Couple to Observe 65 Years of Married Life Sunday g (UP)— A mechanics strike against four MALAD Idaho — Mr and Mrs garages was ended yesterday when representatives of AFL In- Arthur R Castleton will cele-- ! ternational Assn of Mechanics brate their 65th wedding anni-and the employers signed a new tomorrow at their family r contract in N 1st Wet St 492 home The new contract includes a cost of living clause by which Malad They were married in the wages may either be increased or cut depending on business conditions July 24 — Utah Pioneer Day — as a paid holiday and an hourly wage boost Union officials were not avail - fettled in SaltLake City A mem- able for comment as to the exact amount of the pay raise But it was believed to be about half the 21 cents per hour increase sought counselor in the Primary and 1156 Graduate Relief Society and a teacher of SALT LAKE CITY (AP) — by the mechanics Prior to the religion class Commencement exercises were strike the mechanics received Mr Castleton 87 was born in held for 1156 students in the $179 per hour Lake City on May 16 1868 Salt Lake suburban high schools He holds the office of High of Granite and Davis School Dis- Dies Priest in the LDS Church and at 99 trict last night The graduates SALT LAKE CITY (AP) — has served as a member of Sun- included: Davis 429 Olympus Mrs Elizabeth Kingsbury Druce day School Stake Board and as 315 Granite 239 Cyprus 163 who is believed to be the oldest ward and stake chorister He was member of the University of director of the Malad Stake Utah Emeritus Club died yes- Choir for 18 years terday She was 99 She at- Active in Music tended the old University of Both Mr and Mrs Castleton Desert from 1872 to 1874 when have been very active in music the school was in downtown Salt throughout their lives As a Lake City young couple they were members e Salt Lake Tabernacle Choir and sang duets under the ALUMINUM direction of Evan Stephens 1901 they moved to Malad AWNINGS applications Generally we try to talk them out of organizing before the proposed bank comes up to the hearing stage “Our department tries to base its authorization of new hanks on need We feel a few strong ones are better than a lot of weak institutions For the benefit of the public we must have a strong banking system and we feel that our policy insures this “When we deal with these institutions we consider the safety of the citizen first the stockholder second” five-day-ol- d 1 two-yea- IN 11 BEAUTIFUL COLORSI Fainted With 7 Coat of Baked Enamel Finest Quality at Competitive Price SEE THESE BEFORE lit 9 to TILE AWNINGS YOU Bathraam Kitchen BUY NO MONEY DOWN Payment Starts in September INTERMOUNTAIN ROOF CO 3030 Wash Ilvd Ph 6862 " O Etc Fireplace Alsa Plaitic Asphalt and Rabber Tile Pioneer Tile SB19 Wash Phene 6914 'BaBaaaaeeai (sis-ordinan- cate freely their thoughts and i op°0nns ' h”se hts he said is freedom to express one’s thoughts including freedom to j Uni-versa- versity public notice of a willingness to dispose of one s property and i u‘i ‘ (AP) in superintendent of city schools as a visitchosen has been Provo PIE ing instructor during the summer school session at Brigham Young University Also appointed as a guest teacher is William H Bartlett art consultant in the SALT LAKE CITY (UP) — Jordan School District for- 25 Three Salt Lake City trucking years firms were purchased by Pacific Intermountain Express in a 2 Plan Flower Festival million-dolla- r antransaction OREM (AP) — The Orem Garnounced here today by A K den Club will sponsor an invitaHumphries PIE president tional flower festival June Humphries said arrangement Flowers from all parts of Utah had been completed to purchase will compete for prizes Orange Transportation Co Collett Tank Lines and M and M Ephraim PTA Votes Fast Freight Lines EPHRAIM (AP) — Mrs Cl5 He said it would depend on Inton Stout is new president of the terstate Commerce CommisParent Teacher Assn Ephraim sion rulings whether the three B Whitten Glenn L BarLester lines would be merged with the tholomew Mr and Mrs giant PIE system or be operated E Peterson are the newLeRoy vice as subsidiaries Although no exact price was presidents quoted it was understood the total sum would be in execess of Ogden’s Finest 2 million dollars Addition of the three Salt Lake City firms will increase the to-- j tal PIE volume between 5 and 10 million dollars annually Fresh Cut Humphries said Buys Three tinSf!"” Trucking Firms Salt Lake City Harold J Castleton Garland: Melvin Castleton Tremonton Leonard Castleton Montpelier Mrs Ruby Flatin Rothsav Minn Leon J Castle-Sal- t rsU Davis 0R and - - 4-- 5 will honor the ccuple at their home tomorrow family i 2 Missionaries OK in Tornado SALT LAKE CITY (AP) — Two missionaries of the Latter- - day Saints Church escaped un-- I scathed the tornado which lashed Blackwell Okla although every-I- n one eie n their apartment house was killed Raymond R Peterson 21 Salt Lake City and Lawrence Olsen 21 Logan called their families yesterday to assure them they were all right Mrs Lucille Lovcwell Peter-- 1 son’s mother said her son told the tornado struck so sud-he had time to save “one suit and his girl’s picture” The pair had been transferred to Blackwell only two weeks ago I-' FOR MILLIONS" V - — L s j i Owen M Collett of Orange Transportation and Col- lett Tank Lines said PIE agreed to pay $449000 in cash and 348 shares of PIE $5 par com-denlmon stock for properties and PIE rights of the two lines comman was quoted at $56 bid and $58 asked a share SIIURTLIFF’S co-own- er 19-h- Peony Acres er RETAIL y j i an4 WHOLE SALI SS2 7lh Straat Phan 01 FARR'S - x X9 From the housewife to the businessman everyone with something to sell can “rent” selling space in the market place for millions The Standard-ExaminWant Ad pages for as little as er $105 FOR ONE DAY! You can run a three line Classified Ad for a full week seven days for only FRESH Strawberry ICE CREAM?" Locally made in means days $190 ©gfen §fonfoar&-1£xatmtt- pr your living D Q door to betttr living by own that moots oil your noodt ing low-cofinancing to build or remodet has boon our specialty for nearly a half century A variety of financing plans to choose from including FHA Gl and our own plan I j L n a-ho- Ogden fresher Q n U ft - RiilDliilMll BETTER ICE CREAM (IMM© asm © o mm I Phone 7711 Q Open th tl "af your favorite food and drug store " A q 0 when you eat it The Spring buying season is here Sell your household “don’t needs” for cash Call 7711 for prompt efficient Want Ad service 1 to build or better 5 st SFJ ry r TO I COCn Superintendent — J C MofLtt TROVO THE "RENT" IS LOW IN THE "MARKET PLACE ce bam Young University He is a major in physics and plans to do advanced work at Princeton 1 1 Co who beat the deadline are Nedra Walker Syracuse Second Ward Gajlene Knight Sunset Second Ward Florianne Barlow Clear-- t field First Ward and the follow- ing from West Point: Patsy and Shirley Cook ters) Diane Craythornc Jean-- I rest of the ordinance guards ette King Lou Ann Montgomery against "false and misleading” Shuri Burningham Joyce Love- -' offers land and Geraldine Edwards Justice Crockett cited a section of the Utah constitution which Valedictorian Chosen says “All men have the inherent PR0V0 (AP) — B Kent Har- and inalienable rights to enjoy and defend their lives and liber- - i Valley because of the health of Mr Castleton They settled first in Pleasantvievv where they made their home for 12 years Later they homesteaded a farm in llol- brook Valley In 1914 they pur- - j t Others The city appealed and the Supreme Court Friday unani- mously upheld Judge Ellett In his written opinion Justice J Allen Crockett noted that only the price advertising provision1 of the ordinance was under at-- 1 tack and only that portion of the is invalidated The Mrs j PROVO 0 000 test Population Hits 165000000 Mark survivors is the fire 8 m°ther Mrs Lavine Clay ndTu broU“” Howard H and clay all of Ogden Among i resent First ” ’ eight years ness it is unconstitutional to attempt to prohibit the price advertising of eyeglasses The court handed down the ruling Friday on an appeal from a ruling concerning Salt Lake City’s attempt last fall to prohibit such advertising The issue later became one of the hottest items before the Legislature when a bill containing similar bans was introduced and eventually passed But Gov J Bracken Lee vetoed it as being unconstitutional on advice of Atty Gen E R Callister The Senate upheld the veto The Salt Lake City ordinance set up advertising standards which WEST POINT— Twelve Girls— included a prohibition against most from West Point — will com-an- y prescription eyeglass adver-ipet- e tonight hen a queen will tlsement stating a “definite or be chosen fixed price or range of prices for reign 0 v e r the " such articles Junior Chamber Sought Judgment of Commerce J The King Optical Co which C Jubilee on Me- - V v was advertising glasses at a uni- - morial Day form price of $898 sought a de-Among the late claratory judgment in Third Dis- - entries is Irene x trict Court And District Judge! Dawson who will A H Ellett granted an injunc-- 1 rep the ton against enforcement of the! Syracuse ordinance on grounds of unconsti- - Ward in the enthuisast had headed the Salt Lake County fire department lor 26 years During that period it grew from an organization with one employe to its present status of 27 firemen at eight stations Clay also was instrumental in developing the first-clas- s There have been more new banks and branch banks come up for approval in the four years I’ve been commissioner than I think have been noted in the 30 years previous” Leatham says Does that mean his department about issuis pretty easy-goinnew charters? ing “Well no” he says “We don’t actually turn down many charter Can't Prohibit Eyeglass Price Advertising Utah Court Rules HONOR ROU StRVlCt SINCl 1922 n |