Show I HIT UTAH Failure of the Peoples Bank I Philadelphia By the failure ofthe Peoples Bank of Philadelphia as recorded in The Herald yesterday morning the Guarantors Guar-antors Finance company of Philadelphia Philadel-phia also goes to the wall A L Jacobs Ja-cobs state jirent for Utah said last evening thathe had written about 100000 worth of business in this state since his appointment chiefly with the Union Light Power company Zions Savings Dank Trust company and Walker Bros At the request of the Union Light Power company he has written concerning the standing of the company which was reported on by the insurance commissioners of the states of Pennsylvania New York I Illinois linois and very recently by the commissioner com-missioner of the state of Minnesota who Is reported as being one of the brightest men in the business Mr Jacobs recently wired him and the Pennsylvania commissioner and also wrote them but got no answer He stated that he would not seethe firms and companies lose their money but would refund from his private funds what he had received He was about to go to Europe when the crash came and is very glad he did not start because be-cause in his absence his business might have suffered Mr Jacobs also congratulates I con-gratulates himself that he did not have the concern longer than he did as it a dollars might have cost him several thousand I |