Salt Lake Herald-Republican | 1918-07-25 | Page 12 | New Bank Will be Running in 30 Day's Time

NEW BANK WILL WILLBE WILLBE BE RUNNING IN 30 DAYS DAYS' TIME Contracts to of Its Establishment Arc Are Sent to Depositors the support of or individual depositors in iii tho time Merchants Merchants' bank which now assured announCement announcement announce announCe- ment was mado made yesterday e that tho time in institution Institution institution In- In would bo ho ready to resume within tho the next thirty da days 8 Although affairs of or the bank hanl ar arnow are arenow arenow now being arran arranged cd as ag rapidly as ns possible pos pon- sible the definite opening date data of oC the tho Institution has hns not yet el been deter deter- i mined I This morning all depositors In the bank will vill receive contracts which were mailed them yesterday and auth which the they aro arc urged cd to sl sign n Those contracts contract sent b by tho Limo depo depositors depositors' com com- of or five members is accompanied accompanied b by recommendations of or tho time clearing The Time depositors In Inthis Inthis inthis this letter hotter are arc also notified of or tho the authority vested este in the tho receiver Stephen Stephen Stephen Ste Ste- phen H H. Lynch to adjust all affairs of ot the bank The Time institution Is now no practically financed explained 0 O. P. P SonIc Soule ono one of oC time the directors of oC the Merchants Merchants' bank yesterday ii h discussing the latest lat hat est status of affairs We c will be berea rea ready to resume as soon as consent of oC depositors Is received recel 1 This matter Is being arran arranged cd with the time sending of or contracts to depositors toda today Aa A soon as this authority Is received all details will be put hut lil In shape and an official charter obtained While It Is impossible to forecast the time date of or th the I open opening Ins of or tho the bank at this time It will I believe c bo be within the next II month or sooner