Show r BUILDING UP A ACHAIN ACHAIN CHAIN OF BAr BANKS KS I Cosgriff Bros Broad Plans for Intermountain Region I I I WILL liNK FIVE STATES 4 SALT LAKE IN CLOSER TOUCH WITH V VARIOUS DISTRICTS 4 t The opening or the Commercial Na National National bank or St st Anthony Ida next Monday May 1 marks another step In inthe the building up or of a broad banking t stem which is 18 designed to bring about closer r financial relations between varl van ClUR parts of oC the region The plan Is beng carried Into tori by the Co Coagriff brothers of the Commercial National bank ot of Salt Lake tty ity and has ss AS an end In iii view the establishing of t chain of banks Utah Idaho Wyoming and th tb we western tern of Colorado that will I only support each other but that S ill bf be advantageous In distributing y through h section of the coun country country try This will also be beneficial to the custom r for tor wherever there is a de demand mand inand for tor money a supply can be drawn from some bank In the sYstem where it has accumulated Salt Lake City Is th tho center r or if the system with the tle National the p parent rent bank Tho Th In which J E CosgrIff Ti Jo J 1 have controlling In are the First National bank of First National bank of oC Raw line Saratoga State Stat bank Commercial National bank of St Anthony Murray State Stat hank bank and Commercial National hank of nr Salt Lake Ity Besides these e r In Iii touch with Several oUr others it Is their to ti extend this system through h tile the four inter t states tates ak asked d Yel yesterday for an ox ex of Uw planK T J H E saul We t intend tu tO carry out this tem and In the opening of oC the Corn Com merial bank or of St Anthony we are arc gradually getting gettin into shape The 10 enter tr or of the system will be e established t bUshed here in Salt Lake and the branch lanks anks will b be located through the neighboring It brings the financial corn com ml and business interests or of the nil ilo country litto closer Jofer relation and up the different industries In the sections or of the country tV C should not recognize the boun ary lint lIn that divides the northern part of and the southern l part or of Tb lh interests tK or of one portion eli hp hi made beneficial to the other Advantages f System Tho great advantage in this system W ill be e the natural distribution of fund For Instance take the condi condition tion tI Idaho for or the next two months before Jl sheep leep shearing time every everybody body mane money the loose mone money In InthE Inthe thE banks is drawn dran out and again the banks ate ale crying for more mone money but fail faU to get It for the demand Is ter than the supply In Salt Sail Lake today the bankers are unable to loan cut ut all their money on good security arI have an accumulation on hand under the system we Intend to toI I establish staNish In case n a bank In Idaho runs frt the accumulated supply In some ether dIstrict such RS as Salt Lake could bt be to the bank in Idaho 1111 nUeve the strain brought to bear the condItions The Tue old saying bank more cares is IK entirely wr g for In It a system where one bank another it Js Is a great athan adan |