Show WILL CHANGE TO STATE BANK SOON McCornick Institution to be Backed by Strong Financiers Negotiations carried cared on lor tor or some time between W V S McCornick sole owner of the private banking baking firm fir of McCornick McCornick nick Company and new interests looking to the incorporation of the con concern concer concern cern under the state law have finally been closed cosed the change to go Into ef ee effect effect feet on April Apri 1 I when the articles of in incorporation Incorporation corporation will wi be filed fed The names of some of the strongest st financiers financier in the country are included in the list of new interests the leading leing people being the officials of tho Utah Copper company compan and the Ray Ry Consoli Consolidated Con Consolidated l dated company and other big concerns affiliated The incorporators and the amount of at stock subscribed follows William S B McCornick 10 shares share Daniel C Jackling 10 Samuel Sauel A A Whitney Whitey 10 I Lewis B McCornick McCornick 10 Charles M 31 l MacNeill MaNei 10 Thomas Thoma R H R Cutler Cuter 10 James A A Pollock 10 Charles Hayden 10 Spencer Penrose 10 Robert flobert W Salisbury 10 Frank Frnk J Hagenbarth 10 W S McCornick trustee mak making I lug ing Ig a total of shares It I is I understood that the above list lit was made up to comply with wih the law for Incorporation purposes purpose and that the amounts amount of stock set opposite the va various VB Various rious dous names do not represent the amount actually owned by the incorporators incorporators portor It I Is said that Mr r McCornick will wi transfer the actual amounts to the respective stockholders later The articles provide that the capital stock of oS the company shall be divided into shares of the par value of A surplus fund of ot 00 cash cah has ha b ben en paid in by the stock stockholders stockholder stockholders holders holder It I is also provided that each director shall be the owner of not less then the ten shares The annual meeting of ot the stockholders will occur on the second Tuesday in January 1911 The Tho articles also contain contin the usual clauses exempting the te private property of the members of ot the corporation providing for the filling of vacancies etc ete Seven directors dIrector form for a quorum and ad the board of directors may appoint an a executive committee which may exercise the tho powers of the board in the intervals interval between meetings The board bord of oS directors for the first year is made up of the Incorporators above named with wih W S McCornick as a president Daniel C Jackling as vice president and Samuel A A Whitney Whiney as a cashier That the Incorporators represent represent sent big interests interest is li shown by the fact that Mr r Jackling is vice president and general generl manager manage of the Utah Copper company and the Ray Consolidated Mining company Mr MacNeill whose home is in Colorado Coloro Springs is president dent of the same companies and Mr Penrose Pense who also aso resides at Colorado Springs Is their secretary James A A Pollock is the president of the Salt Sal Lake Mining exchange and head of the bro brokerage brokerage kergo house which bears his name name Charles Charle Hayden who lives in Boston is head of ot the firm fr of Hayden Stone Company the te big New York and Bos Boston Boston Boston ton bankers Robert W Salisbury Salsbury is a awell awell well wel known kow capitalist and Thomas R B Cutler Cuter is vice president and general manager of ot the Sugar com corn company company pany Frank Fk Hagenbarth Is I a wealthy Utah Uta stockman Samuel A Whitney Is la lathe the present cashier chier of the company and L B McCornick is the assistant cashier and son of oS the president The banking house of ot McCornick Company was ws originally organized as asA asA asA A A W White Company in the early seventies and ad became White Wie McCornick McCornick McCornick nick In 1873 when Mr McCornick came cameto cameto cameto to Salt Lake from Nevada and ad bought Into the firm Later he purchased the interests of oS Mr White and for more than years past tho the house has been conducted as a the private bank bankIng bankIng banking Ing firm of oS McCornick Company The Thelast Thelast last lat statement Issued Issue by the company March 18 showed its on Is capital to be deposits and total cash reserves |