Show ALL BANKS IN CITY WEATHER DA VS V'S FLURRY Depositors Given Every Assurance Assurance Assurance As As- Institutions Are Sound IVINS WINS ISSUES STATEMENT Urges Calmness During Present Situation All Salt Lake banks weathered the first days day's flurry following the closing clos cbs ing of or the Deseret Savings bank Monday and all depositors w were re given ever every assurance Tuesday that the banks are arc in sound condition While all banking institutions including in including in- in eluding commercial banks savings banks and trust companies were presented presented pre with many demands for cash Monday the greatest activity was atthe atthe at atthe the Zions Zion's Savings Bank and Trust company The limited space of or the lobby of the bank at nt South Temple and Main streets caused a delay in handling business and forced the bank to remain remain re main open until 6 p. p m rn Monday but every applying depositor was paid in full Signs were posted assuring patrons of the institution that it would pay all accounts in lull full An officer of the b bank also appeared before the group roup assembled in front of the bank and reassured depositors that the bank would meet all demands CONFIDENCE GROWS A large group of ol depositors ap ape appeared at the banking rooms of the company Tuesday morning but the first apprehension of oC the customers on Monday had diminished until there appeared a strong tone of or dence In spite of oC anxiety ty at all banks Monday the business in all banking institutions was conducted and without incident A Anthony AnthonyV W V Ivins vice ice president of Or Orthe the Zions Zion's Savings Bank and Trust compan company and nd first counselor in the first presidency of the L. L D. D S S. church Tuesday Issued the follow follow- oIl ow ing ng statement To the Patrons and Depositors of I 1 the Banks of Salt Lake City The depositors and patrons of oC the banks of this city are arc under anxiety c caused used by the recent closing of the Deseret Savings bank of ol this city at athis this his time Realizing that because of ol this his fact people may feel impelled to rush to banks to withdraw their deposits de do- posits this word of advices advice is s given CORRECTS IMPRESSION I The opinion prevails that the Deseret Deseret Des Des- eret Savings bank and Zions Zion's Savings Bank Sank and Trust company were in inome some ome manner affiliated This is not the the case Neither Zions Zion's Savings bank jank nor the L. L D. D S. S S S. church were in inny any ny wa way associated with the Deseret Savings bank The L. L L D. D S. S churchs church is s vitally interested in Zions Zion's Savin Savings s Bank and Trust company and will Continued on Pate Page Two s All BANKS IN CITY WEATHER fiRST FLURRY Continued d from Pate Pace One fully protect it ft Even though thou h 1 he recent closing of oC the Savings bank may temporarily embarrass some of its il depositors your money is not lost and all of oC the depositors of oC that bank will vill soon receive very substantial substantial substantial sub sub- amounts of ol their deposits This will be done by an orderly lIquidation liquidation q o of the affairs of ot the bankI bank I am officially connected with ZIons ZIon's Savings Dank Bank and Trust company company com corn pany and I am familiar with all other banking institutions of the city I know their condition that it is wholesome wholesome whole hole holesome some clean and sound I advise all the depositors and patrons of oC the tho city banks to realize that the failure of one bank here in no way impairs the condition of any other bank in the city and depositors should above all else avoid woid panic panie or excitement I I call upon you to be calm and free from excitement as no trouble vill come e co to o any d depositor pos tor in any of oC the he banks in the cn city cuy In this they ask S only the chance to o serve you No notice of oC withdrawal with with- is demanded Jf Jl f you ou feel timid timid you ou can get your money They will vill serve you as quickly and expeditiously as possible Do not get Jet pan- pan icky Your mone money awaits you if you want vant it Best of ol all stay all stay at home be contented con con- tented and happy and all alt will vill be bewell well veil |