Show TWO BANKS of OF BINGHAM CLOSI DOORS Citizens Citizens' State Slate and Copi CoA j State Institutions in Ran Han of Officials APPLICATION FOR RECEIVERSHIP TOD Rodney T. T Badger of Both Banks Resign Position Here 1 Two mn ham hanks the hank the CIt State bank and the Copper dosed il l closed their doors yesterday J Institutions were declared and taken over b by state banking j Ial The Tha Citizens Citizens' Stale bank had posits segregating and Copper State had i 1 Both Iloth banks bank were capitalized at Rodney T T. Bad Badger er o of or Salt Lai La president of ot both banks Q B B. K mayor maor of Is la cashier cushler of ot Citizens' Citizens bank bankS nn and c W Bucholz cashier of oC the Copper bank hank j Application will be made mad this m in In ing by Attorney D. D B. B Shields for or of a receiver for thel banks b by the Third district court For some weeks financial ci ch have o heard rumors of ot the conditio tho the two banks hanks Last Tuesday Bank Commissioner EVans ans examination made and experts expert fron fot office were sent to ham A Aa As In estl investigation proceeded the of the bank became more much so that the attorney general advised as to conditions on Satur Satui Meanwhile the bank examiners ered crEd that the capital of the thc CIU Bank of ot Bingham had be been n paired to the tho extent of about 15 55 Sl while the tho Copper State b bank had to tho the extent of I bank banI having on deposit with the thai named the sum of 1 r Take Chance J I It was then determined that the 1 1 examiner should take charge ora This was on Satu SatUi evening After Arter a conference held heidi I on Sunda Sunday Aubrey Aubre Tolton I bank examiner and Douglas S S' bank hank examiner sent to Binand Bins Bing and tn tk nV nn The necessary s ry- ry orders were e i Issued us ur accompanied by deputy sheriffs two officials proceeded to Bingham Copperfield and took possession o of two Institutions Tolton was place Charge e of oC the Citizens' Citizens bank and andIn I S In charge c of oC the Copperfield bank That such action was not pc l IR h shown by the fact act that Ca Cu Bucholz of the Copperfield batik bank in Salt Lake ke Sunda Sunday night and ye el day morning morning- when hen he went to takE taki o from tram the Wilson hotel for was not cognizant Cos that thing had hatI occurred at his bank Recently an examination was of ot the banks In question when Ir li were found and the off oW o of the tho Citizens State bank 4 4 or ordered to rectify them and n good This It is alleged ed was tho bank so reporting to the Ule 1 Later an nn was made mado and It was found th tb number of ot new loans had boon Hi which the examiners e. did not con com proper Figures JI Net Available 1 J At tho office of the tho state bank c missioner yesterday figures the last examination were not not tamable Commissioner Evans E b l absent at Lehl Lehi Under the call of ol bank commissioner for a report or ol of condition of ot state banks at of oC business on the thc evening evening- of ot Oct 1 5 the tho two banks submitted as follows 1 Citizen State flank Dank of nI j A. A i 3 rn Loans tI eni discounts l t Stock to 1 nil i. i etc elc Ti house kouse furniture etc de 4 Heal tate rotate i I flue JO from mat national banks blinks I ICa Duo DIlO from tram Mate te banks Cash Oli ou flu hand han l 4 E All other resources es 3 1 to Total S. S Pi tock Mock urT hll irl led profits ron ts Due Duc ti banks i 3 nile Duo to state ban bank aud bankers r J deposit j jAll Su In- In lIe po II it All 11 other oilier liabilities Total Tot Copper State hank Dank 1 T n A u StO Stork I bond bini etc tte 1 Banking tiou house etc de t. t Due from nn national banks l Due Die st state tc banks 1 Cash on nn band All 11 other resources LIABILITIES Capital l stock fund i 11 profits 9 deposits 1 SIl IU 5 P I Total u UI Cashier Q B. B Kell Kelly of or the Ci State bank last night ht declined to to ment mont on the tho matter except to to that he lie apprehended that tb the th of Salt Lake Lako would get to toi this thin morn morning InS InS' and arrange J so that tho the two closed would to reopen their at once President R. R T Bad Badger er also alsoto d to make malo a statement last nigh has been beon vice president of ot tM th State National bank of Sa Salt t recently tendered his r naU C. C W. W Nibley Ible chairman ot of the of oC directors of the tho Utah Stat Slat Stay bank authorized the ata stat today that Mr r. r Badger had te tt telila tehla lila his resignation as vice Ice preside and that it H had hau the Institution further stated staled thI th tn accepted He In no w wa Salt Lake Lako bank was I with the defunct Copperfield banks bank |