Show Provo Business Business Men IVIen I Against Mortuary Several emphatic reasons why the tho sale salo of certificates of the Deseret Mortuary company should not be permitted in Provo and Utah county have ha been filed with the board of di- di di I rectors of the Provo Chamb Chamber r or of Commerce by a special committee committe selected by the board to investigate the standing o of that organization The investigation committee was wa appointed by the board when it was indicated that the corporation in- in intended intended tended to flood this section with their salesmen To be prepared pre to public give information to the general pub pub- lic and to safeguard the interests of the people of Utah county was the I only r reason son wh why the investigation was ordered by the local chamber o of commerce Dire Directors tn-R tn Adopt Adopt- Adopt A After ter carefully inspecting the re- re report report re report port o of the committee the board of directors unanimously voted to adopt the same In it its the report investigating com com- committee committee mitter reviews the history of the Deseret Mortuary company since its establishment It I shows how it was refused by the state securities commission com com- commission commission mission to sell its securities in Utah for the reasons that no provisions had been made to guarantee the service promised and for failure to provide a reserve fund The report also quotes an opinion from irom the attorney general of as saying the certificates are absolute Utah absolutely ly worthless since the articles of in- in incorporation in incorporation corporation o of the company gives a majority of the outstanding stock the power to dissolve the organization by disposing of all the assets of the corporation This is especially dan dan- dan dangerous erous it is pointed out since the holder Ider inthe of ofa a certificate has no voice in in the affairs of th the corporation cor Others Object Object- Object I The report further shows that in- in in vesti investigating committees from the chambers of commerce of Salt Sak Lake Ogden and Logan the Weber club of of Bureau BurI Ogden and the Better Business Bur Bur- I I eau of Salt Lake Lake- City all have gone I goneI on rc record ord ordas as that as far as the certificate holders are concerned the corporation in question is un- un un sound unsound and haz hazardous investigating The Tre conclusion o of the ing ing committee of the Provo Cham Cham- ber bar of Commerce is a s A certificate holder who does not need their service for five ten or more years has no assurance that he will get any service at all aU or i it if he does get it there is nothing to guarantee that the costs will ivill be lower than pre pre- pre prevailing charges at that time for such services They might be c even more There is to prevent the Deseret Mortuary company at any anytime time according to its articles o of in- in incorporation incorporation in incorporation corporation from disposing of all of its assets and going out of business in which case the certificates would be absolutely worthless For these reasons the committee considers the certificates of the corporation cor cor- corporation as an unsound and unsafe investment We would suggest to any prospective purchaser that before entering into any agreement with any salesman representing that organization organization organization he should first see sec his banker relative to the purchase Provo Provo Herald An article such as this app appearing arin In the Provo newspapers undoubtedly is a most excellent thing for Davis county people to know now and md especially when this advice and counsel come from businessmen for sighted businessmen business men who are arc exercising their best citizenship in their towns townspeople townspeople townspeople people to keep clear of such clever schemes t oget your honest earned dollars at least think twice before belore some slick tong tong-cd salesman dressed in broad cloth sitting silting in a fan fancy y city office walks away with your money UNION FURNITURE CO |