Salt Lake Tribune | 1912-09-13 | Page 14 | Sheepmen's Bank to Start off Well

SHEEPMEN'S BANK TO START OFF WELL On account of the fact that the $250,-000 $250,-000 of capital stack iu the now Stock-growers Stock-growers & Parmcrs bank has been far oversubscribed, the capital stock is to be increased to $500,000. Secretary 0. B- Stewart of tin? Utah Woolgrowers association says thnt a woolgrowor of Cedar City, Tron county, declares that had the bauk and the proposed pro-posed warehouse been in operation this season he could havu savod $4000, and Richard Winder is out with a declaration declara-tion that lie could'havo been $7000 better bet-ter off with those institutions in existence ex-istence at an earlier time. The bank quarters are to bo in tho Wolls-Faro building on Main street, tho interior finishing to be of Utah birdseyo marblc and the front of tho structure to be entirety remodeled. Tt is proposed to build a warehouse capable capa-ble of storing 5,000,000 pounds of wool, and this will be operated m conjuuc-tion conjuuc-tion with the bank.