Show I CANNOT MEE MONDAY Stockbolders of Utah National Encounter En-counter Another Snag MONDAY IS A HOLIDAY UCERTA WHAT COURSE WILL BE PURSUED I Meeting May Be Held On Monday and Nay Go Over For a Month Negotiations Are Still I Progress For Purchase of the StockAge meat May Yet Be Reached I Time stockholders of the Utah National Nation-al bank have run against another little ltte snag They fixed the date for their next meeting on a legal holiday Labor day Monday Sept 4 Any action taken upon that nay would be Illegal and not binding As a result of this oversight the meeting set for next Monday must be postponed to some future date Some favor postponement for a month other oth-er who are anxious to have the fate of the bank definitely settled one way or the other favor meeting the next day Tuesday Sept 5 This Is a point still to be decided Negotiations are still In progress lookinG toward the purchase of the stock by a syndicate favorable to the continuance of the bank But up to this time nothing definite has ben accomplished ac-complished II this regard The svnll cate WIEhES to buj the stock vary cheap for 10 or 1 per share lhe large holder hold-er wi not part with their holdings at that price They intend to be satisfied too that they will I not be liable for a sessments on this stock after It has passed out or their possession So their lawyer are studying up the law on this point The Impression now prevails that the syndicate and thee stockholders stockhold-ers will Jet reach a agreement and that the Utah National will take on anew a-new lease of life The men who compose the syndicate keep well in the background Up to date they have conducted their negotiations tiations through James Chipman president presi-dent of the bank Mr Chipma says he offered to take an option on the stock for these parties at a certain price His offer was rejected and there the mater stands so far as he is concerned As to what will b done at the next meeting the president professes to be totally at sea He says the affairs of the bank are wholly in the hands of the stockholder and they must solve the problem themselves |