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Show FAILURE IN BUTTE WILL NOT HURT SALT LAKE. W. S. McCornick, president of tho McCornick & Co. bank, and one of the leading financial men of the city, said Thursday morning, after talking with prominent financial men of Butte over tho telephone, that he did not beliovqi the failure of the State Savings.bank in that city would in any way" affect financial conditions in Salt Lake. Among othor reassuring things, ho said, "There is positively no reason for any alarm at all hero about the scare in Butte. 1 do not believe that F. Augustus Hcinzc is in an' way crimped by the failure of his brother to corner the United Copper. I know where ho has a large deposit of cash in a Salt Lake bank. "The fact, that tho. Stato Savings bank closed is' not proof that it has gono to tho wall. It closed its doors in ac- cordance with tho clause which allows savings bank institutions to take a thirty day period to meet its creditors. "The conditions in the West general ly are safe and Salt Lake's finances are snfe." Another well known bank official, who asked that his name be withheld, said that he did not believe tho fluctuations of tho Now York mnrket would affect af-fect Western conditions. "The country is more prosperous. ho said, "than over in its history. This is the best vear the sheep men havo ever had: thov arc getting good prices) for their Iambs and wool and aro making mak-ing money. "The financial basis of Salt Lako is pcrfectlv sound and there need bo no fears over alarming rumors." |