Show MAY CLOSE THE BANK I I Utah National Stockhol ers Will Decide Question Today I ATTITUDE OF CHIPMAN + PRESIDENT CA DEFEAT LIQUIDATION UIDATION PROPOSITION I Has S fcientStock to Vote It Down and May Do S If Cera n Concessions Con-cessions Are Not GrantedAs sessment Will 1e Voted Dow No Hope For Heorganization I The fate of the Utah atonal Bank wi be decided at a meeting of the stockholders today The meeting will be held in pursuance of a regular cal IssJe by the board of dIrector June 28 I will be held at 2 oclock In the office of the bank The questions to be considered according to the notice are FirstVhether or not an assessment shall be made upon the shareholders to make good the ImpaIrent of the csp Ial stock and SecondVhether or not the said closed bank shall go into liquidation and be It Is held by those Interested that this meeting was called for a specified purpose pur-pose and that only those subjects named in the cal could be acted upon It Is the general impression and many be set down as certain that the 50 percent per-cent assessment will be voted down Action will be llrst taken on that ijro position Beyond that point no one can speak with any degree of certainty A sImple majority can and will vote down the assessment but twothirds are necessary neces-sary to vote liquidation President Chipmnan has a sufficient numuuber of votes to defeat this proposltioo and therein lies his power if he decitles to use that power arbitrarily It is intimated in-timated that he will demand certain concessions as to who the liquidators shall be If this concession is refused the motion to go into liqtmidatiomc will be voted down and the meeting will adjourn ad-journ having simply decided against the assessment Should that be done the shareholders could then et the bank run as at Iresent for a time or demand of the controller the appoirtment of a receiver There was a time when there was much serious thought by friends of the present management of buying Ut the stock paying tue assessment anti reorganizing re-organizing the bank Iii fact a num her of the directors have entertained the hope of sellIng their stock at 25 per share up to this time But there is no talk now of any such move anti the fates have decided that the bank must close if not lii one way then In another an-other |