Show another bank for provo the board of of the first N iceal bank met tuesday evening and 0 o apon establishing in connection with bank a commercial and i ivin ak with a capital stock of T II 11 cutler RIL pant and john 0 gravani were appointed a committee to draw up the articles of incorporation and formulate plans for conducting the business of the institution the benefits that will result irom the establishment of a savings bank in this locality are probably not realized by the majority of the alie first national bank can not loan money on real estate whereas aliis will be one of the main features of the savings bank in aliis way a person can liase a home by giving alie annd in security fecu rity and paying oil alie principal arin cipal by nid SAvi nys the r acs of inhere t that money will be loaned at will be extremely low and it is a foregone conclusion eliat the new bank will do a handsome business the directors of the bank also elected mess rs reed smoot and dr W R pike to nil the vacancies caused by the retirement of john sharp and john C cutler air T R cutler was elected to the vice held by sir john sharp the directory now stands A 0 smoot T R cutler H H cluff S S jones jolin C graham reed smoot and V R pike |