Utah Enquirer | 1889-06-07 | Page 3 | The Savings Bank

THE SAVINGS BANK alie first nation mi HU at a me in had mai Q iosa ai which A 0 P t T 11 culler II 11 II 11 cluff JG Graham W R pike and b jones preheat the question f establishing a siv enss bank on an entirely independent basis was discuss ed and it v as tina unanimous opinion of those present that flirt of the community v be served in alic a bink abid it donld be to its the more so as it la nn derewood dere tood that th first national bank of donld undoubtedly cloe it sa ings immediately after alie proposed new bank should commence business m this are all interested in the national bank it nas their that alie stock or alie proposed bank should be first to the stockholders of the fust national and thit each should be permitted to subscribe for in alie S dungs bink in proportion to tho number of shares held by him in the firs l national bank it is propof ed to m ke alie capital stock of bank aided into shares of each 25 per c nt of whim amli le required 10 be pud on the formation of alie company and 10 per cent v ill be called for monthly thereafter until tock 13 folh paid at the said meeting alie undersigner undersigned under signed were appointed a committee to correspond ith the stockholders on this subject ve find that alie proportion to which on are entitled under such ar rane ement it shares value on rec pt 0 this letter 5 ou MU pleas please e adi vise us if sou v sh to subscribe for that amount of the stock address 3 our communications to feed smoot provo cita yours respectfully T R CUTLER SMOOT committee PROVO agn utah juie