OCR Text |
Show IM NATIONAL COPPER 'H i " i J j Nov .$500,000 Bank Will Bc-i Bc-i gin Business in Sail Lake . Wednesday. '. 'm ' 'M TEMPORARY QUARTBRS ' ' M IN NEWHOUSE BUILDING ' & Permanent Home in Same Sfruc-:.'' Sfruc-:.'' lure io Be Ready ! ' M , May !. t ;;'.J j The National Copper bank of Salt v'-4j J.ako Wednesday becomes an active ';:4e factor of tho business life of this oily - ?.'S nnd region. Afg r. Armstrong, president of the x" iirfc bank, Tncsilay received the oflieiwl no- vijm tification from ihe comptroller of the . , 'ji urrency that, the charter of the bank 18 ljCPn authorizing it io begin ' ' '.'-till business, la expectation of this notifl- 'm ration, a suite of rooms on the second ,,00' "f t,lc Nowhouso building had : ,"'on lonserl. and Ihcso will serve as ,'':fl temporary quarters for the bank mil it f the magnificent banking room, consli- :r.:e ruting the principal part of the ground: '. J floor of tho building, shall have been decorated and furnished. The removal '5m i to the permanent homo will take place . 1 'vHi nnt later than Mav 1- II wlf Meanwhile such business as comes I 'm will bo eared for in the -suite on the I vi';Si second floor of Ihe same building. In I I 4fSI ihe4-e quarters it. will be possible to I' . 'i? transact nearly every phase of business I" .' S ordinarily doiic by a bank. Deposits II j .."g may be received, loans made, nrafls Ij '',,;3i issued, and, in fact, every form of Dj iii business done except such as involve r llie paviug out of money. This will be It ' ,,;.: impossible, for the reason that no i t'3 monev will bo kept, in the rooms, as no I! ""J provision can be mndc there for its 11 safeguarding, j Vffi Eugene Giles Cashior. j; ''jii Kngcno (Jiles has been elected j' v.".ic cashier of the bank by the board of ! V't directors. Mr. Giles has been cashier If of tlie First National bank of J-Jly, Nov. j -Vjlll change "as also been made in the fB personnel of the board, owing to the IK'S resignation of Col. E. A. "Wall, who has boon succeeded by V. N. Mc(!ill of .'Ktjj lily. Mr. McGil) is a long-time resident j&'.in of' Nevada, and one of the most 'sHu prominent eiti.ens of tho state. The Hifi lown of Mo frill, where are localed tho u ?,lt concent rat iug mill and smelter of the ' S Nevada Consolidated ami Cumberland -J'i,i t 151 v Mining companies, was named for .Mr. McGill. -ysi "Work has been in progress for a . 3 couple of months past on the. prcpaia I i' ''nu ,UR pormnneut banking room . for occupancy. When finished, it is believed, these will be the, most ' jf" 2 beautiful banking rooms in the west. ,':!nR 'l''10 wrlr is under the supervision of "l0 'Froed Furniture and Carpet com j 13 pnny of this eit3 to which the contract rii ' v,'ns nwar,'0(l- Tlic Preeds havo eni- i ';lijfii ployed the most expert men in the I , " 3 II conuiry to do tho actual work, so that 'vPl' expectation 'is that the completed 1 M H bank will be perfect in utility and l $m boa lily. J i I : General Banking Businoss' f(':li Though the name of the institution I 5i,l':: B' :IS ; ,nm,n2 flavor, it. is by no means j .T:,'"'li 1nc '"tontiou of its founders to limit j ;- ij ils service Io any class or form of husi- I ,.rvF I ti ess activity. While the accounts of i mining companies will be welcomed, k ' St j similar ajtemion wijl be giveu to thosj- . ,'jS j encaged in commercial pursuit's, in agri-culture, agri-culture, horticulture, or any other form J'v': i of the industrial life of this region. " fl j i The issuauco of its charter indicated , : j- , that at, least one-half of the authorized . ' .J'i i capital had been paid. In fact, it was I nj'! staled Tuesday that much in excess of ''Jj j the legal renniremenl. had been paid in. Lit ' 3 'S the expectation that the entire '' : capital of .oOO,000 shall be paid in be- c 'Uv K ton 'le an'c removes io its permanent iv! B home. The stockholders have also ar- 'ilf'B ranged to subscribe an additional 1;m j amount in order that, the bank 111:13" begin business with a surplus of $50.- |