Show n n COMMERCIAL NATIONAL BANK CHANGES HANDS e HEYWOOD SELLS OUT Concern i Purchased for b by Directors Healy Directors Healy 1 nl may flay Y be president e I l' l to The TUc Herald U n Jar Jan Jan- 29 Officials Officials of at the Commercial Commercial Com Corn fi mercial National bank of ot this city to tod today today to- to d day admitted d ro for the tho first t time the theP P c t tho concern for buyers Include Include- Patrick Healy Hah Mayor 1001 A A. A G G. G Fell John S. S J J. J N. N J. Ireland 1 D. D A. A and D. D W W. V. V Standrod al nIl members of or the banks bank's recent board of ot directors It was said sall I. I that tho the First National bank bani of at this city controlled by the Interests sought ought to bay but bUl President A. A R. R Hey Hey- I w wood od ocl decided to sell to his associates I T e final transfer will yil 1 be made nado February Feb Feb- S 8 I ij ronI rOl lIu ri Jud Judge c as rea reason on for foe di diep p slug s- s J i Ing lug of or hs h's stock ls ts Til hi 1113 d desire to retire from tho the banking business The Tho deal lea f represents the controlling Interest of ot i the thc bank bl and carries s with It real estate 5 estimated at approximately in locations in 4 some fome of or the most valuable J tho city clU Including th the Creston hotel hotell l prop property crt the the- Fred M. M I. I N Nyc e c build building In the theoffice I office building of ot tho the Utah Construction Construction Construe Construe- J J tion company compan property at the corner of Twenty fifth street and d Tyler avenue avenue ave aye I nue and the building occupied by the bank banc Itself t which wa coP completed last lasi fall tall at a cost of ot o Judge Heywood I Is o one oio e of the tho best I known bankers In the we west t and has been connected with th the Commercial I National bank hank for tor twenty years ear The j capital stock Is placed at surI BurI surplus sur Bur I plus and undivided prof Its 90 I I It Is possible that tho new owners own own- org ers ors ors' will enlarge the holdings and m make k even ven a stronger Institution than at at al prese present t. t President interest inter est eat consisted of at S 9 3 1 sh shares I. I Organized d lit In j OJ The bank was vas organized In 1 t with J J. TV T V. w. Guthrie as president and Mr r. r J Heywood cashier Up n th death oCI of ot President Guthrie Judge JudAe Heywood was ii selected as president In hi 1906 Patrick I one one of ot tho the lar large c stock stockholders Is spoken of as the new president of or thel the bank l As the north wall vall of at tho the building j occupied by the Fred M. M I. I store store is the one one over O which a s suit lt Is 15 pending at the present time In the tha supreme court between eteen the C Commercial National National National Na Na- bank and the tho E Eccles les interests It Jt Its itis is s likely the Eccles people will purchase purchase purchase pur pur- chase the tiie building which adjoins the property of of- the new Eccles- Eccles which Is In course of ot construction and ana ot of the wall will willbe willbe the question o disputed be The First National National- bank contemplated contern- contern plat plated d th the control of 01 Commercial stock stoel stocka a a. short time ago Negotiations w 1 were rf re recalled called ot off at at- ata a meeting a n week ngo Saturday When hen asked today If It any azy of ot the Commercial stock was 1 purchased I for tor th the First National bank or the Eccles Eccles Ec Ec- Ec- Ec cles des Interests David ld C C. Eceles EcCles emphatically denied such a proposition The plans for tor the new nr story eight st ft teel el building whIch was wa shortly before the death of at David ld Eccles Ec- Ec des cles call for a bank hank on the first lr t floor lOOI and It Is said sad to have been the Intention of the late financier to op open n a b banking institution of at magnitude mas but his death changed matters and It It J Js Is not known whether a a. bank will now be placed there |