Show 1 Many Local Banks Announce Changes I At 1920 1 Meetings r Stockholders of Salt Lake Financial Institutions Choose Officers and Directors v Increased Volume of Business Reported for 1919 of oC state and md national na na- na- na s 's STOCKHOLDERS banks s of or Salt Lake Lako held their annual stockholders stockholders' meetings meet meet- In ings s yesterday In accordance with a acaB call caB Issued b by the thc Twelfth federal reI re- re I servo district Several Se members of ot tho district also called their meetings Annual An An- tin tin- nual elections of oC officers were In several sev Be eral lal cases postponed V Various matters 1 pertaining to the tho work ort for or 1920 t also 1180 outlined I Meetings of or tho the Farmers Stock- Stock growers growers' rower grower and tho the Co banks anks were postponed until somo omo fu future Lu- Lu jl tUrn ture I date William McEwan was elected assistant assist assist- ant cashier of the tho Zions ZIona Savings 9 Trust company with Geor GeorATo o S. S Spen- Spen L eel And W. W It TL Wallace Walla co added to the All AlI other officers and di dl directors dl- dl I rectors Were elected re-elected with Heber J. J Grant Gran president Anton H. H Lund and Anthony J AV Yo Iy Ivins ns vice rico president j I George S. S Spencer cashier and WilU Wll- Wll U lard tard It R. Smith assistant cashier Ii Increase e DIrectorS Director Number 1 The number of or directors was wa In Increased increased In- In creased from thirteen to fifteen in including In- In President Grant Gant Mr Ir Lund Mr IvIn Mr Spencer Thomas G. G Webber obber A H H. Woodruff I L. L T. T Cannon John F. F I Bennett Willard T. T Cannon Arthur Winter r. r Joseph F. F Smith Willard It R. Smith Smith TV W. W It IL Wallace and Waldomar Waldemar Van Cott Cotto Tho The matter of ot Increasing l' l r the capital stock was as also V I iCo t decision however cr was reached as ns asto 1 to th the time lime when this should be done j l As AJ a result of tho greatly increased H volume of or business Walker Valker brothers brothers' Bankers have o enlarged ed the official ori or- or i 1 creating two new posit positions I ions according to E. E 0 O Howard president i 1 The Tho office of oC chairman of oC the board I has been created this being Wed filled b by bythe bytho tho the election of or Louis H. H Farnsworth 4 who vho has been president of or the bank f FincO the death of ot M. M I H. H Walker Mr L I 1 Farnsworth has practically grown up in th the bank starting starting- fi- fi y r years cars I ago go and 3 advancing alon along along- regular steps I to o president and Is now OW chairman of or I tho the board boar Ho Is also alQ R R a director tor of oC the tho Salt Lake branch of ot the tho federal hO reserve bank Mr Ir Farnsworth Is now In California on a vacation trip and will sail shortly for Honolulu returnIng return- return In InS Ing In the spring ord IT Ii l t tJ i J I. I 0 O. Howard Howord who has been vice Ico of oC president now becomes president tho the bank Lank Mr Howard has been associated asso asElO- with the tho bank for years cars and In recent ye years rs h has s been successively success success- cashier vice ively assistant cashier president and now president He lic is also alAo president of ot the tho Salt Lake Clearing Clear Clear- In big ing house association and of ot tho the Utah Utan Bankers Bankers' 1 association Tho Thu vacancy In tho office of vice rice president caused b by tho the election of or Mr Ir Howard to tho the position of or president ha has been tilled filled by the election o of Frank A Al l- l Fisher Isher ono one of the best known of tho younger business men mon In Salt Lake Lale Mr Ir Fisher has been a director o of the tho bank and a member of ot tho the executive committee com corn and will hereafter devote devoto more time lime to the tho affairs of ot the Institution John ir If Walker Volker was re elected to the theother theother theother other vice Ice presidency nc IL H. M. M Chamberlain continues a. a as cashier and L. L C C. Van Voorhis Voorhis his as secretary and assistant cashier Henceforth there will bo be two assistant cashiers Edgar A A. Bering having been fleeted elected tho the additional assistant cashier Mr 11 Bering Is a former Ohioan and a n graduate tc of at tho the Ohio State university Ho Jo came camo to Salt Lake Lako seven years ears ago from Crom rom Cincinnati and has hair been engaged In n banking He has been associated with this firm in various arlous ca capacities for tor forthe the 10 last three years At the stockholders stockholders' meeting the tho followIng following fol- fol lowIng owing directors were ere elected L. L H. H Farnsworth E. E O. O Howard II 11 G G. Ian an F. F A A. Druehl F. F S. S Murphy T. T Ellis Browne W. W II IL Shearman Herbert S. S Auerbach M. M 1 K IC Parsons F. F C. C Jensen Jonsen t M. L A A. Keyser Keser Frank Fronk A. A Fisher E. E J. J D lt Show Increase Mr l Howard announced that tho the deposits dc- dc posits of the tho bank had Increased during the tho year car 1919 and have hMo nearLy early ary doubled dc in iii the last four years en t t the close eloe of ot December 31 11 31 1919 the deposits wore were as s compared with 53 In Decem- Decem her ber 1915 and December 31 31 The Tho bank paid 14 per cent I ends on its issued capital stock last year ear and added substantially to Its undivided un- un divided profits Willard S. S Evans Thatis who has been the discount clerk of or the tho bank hank for or a number numer num- num her ber er of oC years earB was as appointed auditor In respect for tho the memory of ot the tho Into ato Gen Richard W. W V Young tho the va- va ancy In tn the tho directors ranks of ot the Utah State National bank caused b by his death cath was left unfilled All other directors dl- dl rectors were cre re elected and will t in- in elude ludo Heber J. J Grant Charles TV IV Yo Nib Nib- Ie Icy cy John I. I F. F Bennett James Chipman E E. M. M t. t McAllister Jr M. M W. W Clayton Claton Tames James D. D Murdock Anton H. H Lund Henr Henry T. T Thomas G. G Webber Imam William ft It Wallace Thomas Smart G. G G. G Wright J J. G. G McDonald l Stephen Stephon L. L Richards Anthony W. W IvIns Waldomar Waldemar Van an Cott and James JameR E. E T Talmage lma c. c Eke Eke- clon c- c tion lon of or officers will bo be held soon according ac- ac cording to A. A c. c Strong assistant cash- cash I f Idi- Idi cr r. r Stockholders of or the tho Western Loan Building company cl elected P. P W. W Maden Mad Mad- nd- nd cn on president and antl manager with R. R W. W ladsen vice vleo president and Ind F secretary Dr John T T. White y II H. M. M r. r IL It Lund Jund und assistant secretary V V. V v. v n. n Mad Had sell sell en director and James Ingebretsen I attorney and director I nL IL Stewart was W selected manager manager manager man man- ager of ot tho Twelfth Federal Reserve bank with J. J C. C Galbraith Galbralth cashier Paul M. M 1 Lee e. e c cashier Election of officers of or the tho De national bank was postponed until 2 All directors were re- re elected Including BL M. L S. S Browning John Jolin C. C Cutler J. J J. J Daynes Jr D. D S. S Hills lulls F 1 V E. E Jenkins Jonkin w- w wi H H. i- i McIntyre r J J. J A. A Melville W. W W. W Yo Hiler George Georgo Romney Edward award Rosenbaum W. W S S. Romney Reed Smoot Leon Sweet SweetS John C. C Sharp David A. A Smith H. H M. M II I. G. G Whitney J. J J. J and J. J G. G M. M Barnes Du L. L S. S Cates Gates of or the Utah Copper com com- any pany and G. G M. M 3 wore added to the tho directorate of ot the National r Cop per bank Other directors Installed were W. W tV W. W Armstrong John Dern Dorn J. J 1 F Dunn A A. A C. C Ellis Jr Sherman 1 Fargo argo James Farrell Eugene Eur Giles GlIes Lafayette Hanchett W. W J. J Halloran Duncan MacVichie W. W N. N McGill Georgo K E. Merrill and P. P J. J The National B Bank of or the Republic stockholders chose these directors E. E A. A Culbertson David Smith W. W I. I F. F Earls BarIs M. M A. A Smith Ezra Thompson G. G S. S Holmes I. I H. H Thompson Thomas f F. F Kearns Ezra p P. Thompson Officers Of leers will ii be bo chosen In a few tew days ays Directors of ot the National City bank were cri James Pingree EX Eo P P. Ellison David l. l L Evans J J. Jp p P. Gardner J. J W. W Knight Henr Henry J. J Wallace Frank Pin Pin- gree Charles H. H Lindley Charles W. W T P p. p T.-i T. T T- T y M fl 11 f r. r |