Show MAY Y BE A1EEIYEF A Result of the Utah National Bank Rupture t t MR RAYBOULDS VIEWS ASCRIBES THE TROUBLE TO DISGRUNTLED S DIS-GRUNTLED STOCKHOLDERS t Cashier Says They Are Determined to Close Up the Institution and Will Pobably Apply For the Appointment Ap-pointment of a Receiver Begrets S the Publicity I Cashier B G Raybould of the Utah Na S tlonal bank was asked last night what acton ac-ton tho bank ollicials would take in opposition oppo-sition to the bolting stockholders There Is but one tins for us to do Mr Ray bould srJd Ve arc under the orders of the comptroller of the currency and must i carry out his instructions There are a few disgruntled stockholders who are not I customers of the bank but who seem determined de-termined to close it up They will perhaps I per-haps apply to the comptroller for the appointment ap-pointment of a receiver What we will do ro one can foretell I requires twothirds of the stockholders to g into voluntary liquidation and this will not be done Mr Raybould claimed that there were some inaccuracies in The Herald article of Wednesday but In the main the statement state-ment was correct and fair The misinformation misinfor-mation he credited to those who had not the Interest of the bank at heart One iwlnt was that those who surrendeted I their stock were not to be released from further obligations This was wrong A company of friends of the bank was formed form-ed it did not include Mr Raybould or ilr Chlpman o either of them to gather up the lock I they could get enough of it The stockholders who surrendered their stock were to b released from all obligations I The committee of stockholders was not refused permission to examine tho bank the bank belongs to the stockholders and they can examine it when they please But there is a committee of the directors appointed ap-pointed for that purpose and it was suggested llnte pUTJose gested that the examination b made in the regular vay which was done This committee was disappointed Mr Ray bould thought in i not finding something wrong with the bank It was claimed also that The Herald overstated the amount of stock held by Individuals but the amount given was tho stock held Dec 1 1S9S and did not account ac-count for the chances since This point was made clear in the article None of I these exceptions taken by the bank officials dais affect the main question man cals Mr Raybould regrets the publicity given to the banks affairs IvIn designates the trouble as a family quarrel and claims that if the ollicials were given their way unhampered by these unfriendly stockholders the bank would null through all right and the stock be made valuable I |