Show 1 Statement on Banks B j i Is Issued by Grant j I I r p I Editor The Salt Lake Telegram J I I p City I J I 1 That erroneous Impressions which are being circulated since I II p I the closing of the Deseret Savin Savings Savins s Bank may be corrected will I p you permit me to make the following public statement I p I Since my return from the east yesterday I have received letters t I 1 inferring interring that I or the Church over which I preside was in some II t I p I manner associated with the Deseret Savings Bank which has rep reI recently re- re ret reI t I p I closed in fact I am told in one letter that I was associated I I with the Deseret National Bank and responsible for the closing of I p the Deseret Savings Bank I have been further informed that my t I 1 recent visit to the east cast was for the purpose of obtaining funds to i p pp p strengthen the financial position of Zions Zion's Savings Bank t 0 Trust Co I IP P In answer to these statements permit me to say Neither I I 0 nor the Church over which I preside had any investment in either 1 the Deseret National or the Deseret Savings Bank with the exception except t p I tion of a very few shares of stock In the latter bank which came to sI t s I I us without investment The Church did however have deposits I p with the Deseret National Bank which were not withdrawn but I p remain with that bank banI I I am not nor have I been during the past forty years an t p I officer or stockholder in either of the banks referred to or in any t I tway way connected with their management I I did not go east for the purpose of arranging credits for I I Zions Zion's Savings Bank Trust Co Zions Zion's Savings Bank Trust Co met the emergency with which it was confronted entirely with p I its own resources t p HEBER J. J GRANT t 1 I |