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Show DKSKiiKT NATIONAL HANK. Knot' HisliH'V of n Sihti'smI'ii! riiL'ini'ial Institution. It wns not many years siimeu bank was looked upon Very ynuerally in this community as at most a useless institution. The "nvap" or lrades-tem lrades-tem was tho pruvailinn one of lUali. LI a man was iu titwolulo need of money, hn usually nought ouleoriui one wiio bappoueil U bo the fortiiiiHln posraitor of tho ducats, and made arrangements fur borrowing what was rt'tuinil on nonio such security iu "pay alter harvont." He alno Umght calico and hanlware, clothing and trinkets on tho satnt. prmcipl". U was not often that a loan was t-tWtrd through iv bank. The prople very generally held in awe, ami had' a dread ot such iiiHtit nitons They loured them. Nor were depositors numerous. Perhaps tlm chief reason lor this was tho fact that money dtdu'l happou to be in tho p-ie.s-iou of tunny ponplo ; but another reason wiis that the majority of ino holders of lucre considered their own pockets pretty sale depositories to? tun article. The merchant were about ihoonly class who had use for baiikw, and the lesser business men Usually made the larger hour-c their banketH. Happily theo fe hugs iu reg-ud to hanks have almost entirely died out i in ihe eouinuiuily, and to day all feel iho ihmI ol llKo money centres, t here aie now in ll:e city six or seven Iktnks in healthy Operation, Lil sides other establishmsnts which do a semi-banking semi-banking bn.iitu'K.i; and no one utild care to see (ewer of those institutions. Last Monday morning one of the leading kinking houses in tho town opened tho doors of its elegant new house the lineal ot the kind U-lwcvn tho Mi&onri and California and commenced tno eentnuniai year with a heavy day's business and blight pros peels. In ibis connection a brivf history of the concern will be iuterot-I iuterot-I iug reading. About seven years ago the then 'prominent ?mU Lake nureaulilo firm of Hooper, K.dnii;o A C)., eeasvd to ileal in dry gmxls and gHK-eries, and on May 1st, IS.'., thy gentlemtn com-ptsing com-ptsing the fii in, opetutl a bank. Hooper, Eldmlgo A Co. were m well I known in llie community, and tlieir irepuUilion for honesty and intigrity was so gtxxl, that the b.iuk u.ts not long iu attracting a fair share of the eity's busiuecs. Rapidly it game! in popularity, and steadiiv it won in public tavor fivm liio day the door-were door-were opened. Two years and a half it was in suectSsful operation, and on September 1ft. lt71, was merged into the Hank of Deserrt, a com piny iu-corporatiil iu-corporatiil under the laws ol tlie territory. ter-ritory. The capit.l stoek of tho new .ouipauy wiis $ l'2o,i VM, which was taken by some of tho lending capitalists, capital-ists, liuauciers and business men of the city. President Bngham Young was elected president of the company; Gen. H. S. Eidndge, viee-pres:deut; L. S. Hills, Esq., caahier, a pusiiiun which he had ueeUiied with lliA'per, E drwlgH A Co, 'I tio directors Wi re Bnghaiu Young. H. S. E;drerlg'', W. H. HcMper, Wtn. Jcnninc, John Sharn. F. Little and L. S. Hiils. Tiie Bank of Daerel w.is iu exit-t-ence only a lit lie over a year, yet during that lime it continued to grow iu importance as its priderenHjr had done, and tho handsome die:detuis which fell into the pockets of shareholders, share-holders, proved that bank ng under such circumslai ces was far from being an uureniunerative investment. On the evening of Octul-er ;'lst, 1ST "J. it closed lis doors and Uoks as the Bank of Deseret, and the next I morning, at the usual hour, opened a the Deaeret natioual bank, with a full paid capital stock of fJiVn."!. The shareholders were chitily Unee wtio held stock in the Bank of lea-ere'.. lea-ere'.. The stock is now owned by about fifty persons, who include j many of the well known capita. ; and huaneiers of Salt Lake. None of i the aiock is upon iho market, frum wmcu IacL it ia t.. j r. .i,,,. holders are not dissatisfied with their I investment. The same othcers that were in llie old concern were elected for the new, and with one exception have been re-elected every year to the present time. On April 1st, lf7S, j the president, Brigham Young, re- i signed, and Hon. W. H. Hooper was elected to the pres-idtucy, wliirh he i has eince held. President Young j retained bis place in the directory, j whicn has remained unch.uimil j since the 6rst election for the Bank of De&eret. If the success of the house of , Hooper, Eldredge & Co, aod ol hsT successor had been great, that of the Deseret national has been wonderful; and it is with pride that the pcop e of j this city point to it as un institution I of the country a concern that was started with Utah money, has beon j managed by Utah men, and hus i I grown to its present stale chiefly on j 1 Utah patronage. The business of the new incorporation increased in pro-j portion to the additional capital, I and every year of its life adds to its power, strengh acd usefulness and , extends its operations and reputation. Ihe Deseret natioual is known and jits stability recognized from one Bide lot the continent to the other; and ,l,- n tm mUn K-iL-z . f lUtlC '-" Jl'ULip, .U.-...V. . . America which stand better in Europe. h is a notab.e fact thai the soutuiucts of the institution has never been questioned. When banks in the eatt and in the west, and local coucerns were crumbling and falling by the score, no one seemed to fear for the .Deseret. The panic times, which sounded to the bottom the monotary institutions of the country, failed to affect the Dts-eret, Dts-eret, except to increase its business and more firmly establish its solidity. The bett evidence of a bank's standing stand-ing is the amount of legitimate buai-ntss buai-ntss done by it; and as showing the degree of confidence the financial public places in the Deaeret National, we will state that the annual cash receipts amount to about $10,000,000. The deposits aggregate $0,7-30,000; exchange nearly $3,000,000; loans, $700,000. When it is remembered that Salt Lake is but an inland town oi uetween zo,uuu auu ou.uuu lnoaui-! lnoaui-! tants, and that there are several other prosperous banks here, the abovo showing must be considered as soma-what soma-what remarkable. Year after year it has paid to the shareholders a dividend of twelve per cent, on the capital stock, and alter the declaration of the last semi-annual dividend of six per cent. Xov. 1st, 1875 there remained in undivided undi-vided profits and earnings, $-10,000 a sum nearly equal to the cost ol the fine new bank building and the lot upon which it Btands. And be e seems a proper place,1 before closing this notice, to remark upon the cause of such an eminent success. Favorable circumstances, doubtless, had" something to do with briueiug it about; yel knowing how to grasp and lake advantage oi circumstances circum-stances did more. But the great success suc-cess ol tue institution, from the time ol Hj birth as Hooper, Eldredge A, Co., till tiie present, is due mainly to the fact that it has been conducted on strict business principles. The path of legitimate banking has not been deviated from. Speculation ha. been sedulously avoided, and the certain cer-tain results ol auch a course have lollowed an i are seen today, in stolid, trustworthy and prosperous financial institution The Deaeret National Bank, |