Show NELSON TENDERS HIS RESIGNATION N Action Indicates Nothing to Bank Officials Discredit Says Mr McCornick At the next regular meeting mecUm of the di directors directors rectors of the Utah National bank on April 8 Joseph Nelson second vice p es s Ident will present his resignation and It I will be bf accepted Both Mr lr Nelson and 1 1 President said Id the action was I t Initiated liy hy Mr Ir Nelson of his own volt voll tion Mr Ir Nelson said wId I thought it in inthe Inthe inthe the Interest of the bank to retire and in doing so fiO am only carrying out the wish I 1 I expressed a year ago UJO when I tendered my resignation r I had no idea of remain remaining ins ing In aft after r the control of the bank chang chan d hands and stayed only because some of m my friends thought It might help the bank bankI j i 1 I know of course ourse the rumors about my myself myself self SPit and the banks hAnks rumors that have hate no foundation in fact and are arf most Uj wt to me and to the bank Apparent Apparently 1 ly Jy my mv continued connection with the bank is 15 inspiring attacks on it which might eventually eventual lly do it grave injury and rather than that see ee pc this done I am lUll retiring of my myown myown myown I own motion ir confirmed d Mr Nelsons that h he had offered a year ar I ago to resign and said that the resignation ton tion t on now was wan not to be bl taken In ht any wa way to Mr NElsons Nelson I as act indicating anything s discredit Mr Nelson said Mr Icor rek thought his presence in the bank rn raight work It an Injury in view lew of the thenan nan mall navy rumors regarding tho the banks loss and tendered his resignation I agreed with him In his hla view and the resignation wl be accepted at the next regular rellar meet ng nE of ft the board No 10 one has been select i 1 to ucc eed him |