Show THE BANK 0 THE REPUBLIC A Sensational Rumor Causes I Stir What tho Directors Think There was a rumor on tho streets yesterday yester-day t the effect that the preliminary business busi-ness of tho National Bank of the Republic jvhich is expected to open in the Progress building May 1 was not being conducted In I business like manner and that the object of tho promoters of the enterprise was to benefit themselves at the expense of the subscribers It seems that F K Rale who was working in the east in the interests of the bank recently re-cently issued a circular in which the productiveness pro-ductiveness of this territory was set forth in rather glowing terms One statement was that during 1SS9 the increase of horses in Utah amounted to 300000 head while the increase in sheep amounted to 4000000 Some of these circulars found their way to Salt Lake and doubtless caused the rumor that the bank Vas not organized for legitimate legit-imate business FOE the purpose of ascertaining ascer-taining Just what the feeling of the local stockholders was in relation the matter a HERALD reporter last evening called upon L C Karrick who is prominently identified with the enterprise and asked for his views Mr Karrick said I have seen the circular referred and while I dont approve of all the statements in it I think they are merely errors and not made for the purpose of deceiving people with a view to getting them to take stock I have the utmost confidence In tho promoters of the enterprise enter-prise and in the enterprise itself and just as soon as I find anything suspicious in connection with the matter I will ask you to interview me again What started this rumor inquired the reporter I think those who are interested in working work-ing against the now bank used that circular to create a little feeling ot mistrust It will not do any harm however because tho subscribers know there is no reason for it Selfinterest is at tho bottom of it all |