OCR Text |
Show INVESTMENT CONCERN REPLIES TO CHARGES General Manager Williams of the Utah Savings & Trust Company Makes Statement, .Relative to tho suit in intervention in the case of Albert C, Fisher against tho L'tal Savings it Investment company, com-pany, wnich was filed Friday in the district court, D. J. Williams, general manager of tho investment enmnnnv . lust night made a statement. , rU-s.charS,U(1Jn the complaint filed by William . Fernley that, tho assets or the company. bav0 been dissipated by wrongful acts of its officers and that I-crnley and oth.or stockholders havo been defraudod of tho amounts they invested in tho companv. Dis-cussing Dis-cussing tho enso, Mauager Williams said: 1 simply desiro to sav that the allegations of fraud ma'do in that complaint aro absolutely false, and tho individuals who arc responsible Tor such allegations must at tho right timo and place answer to me or to a tribunal of justice for tho statements therein mndo. The accounts of tho Union Savings Sav-ings & Investment companv have been thoroughly audited by tho state examiner of building and loan associations and by a specinl auditing committee appointed bv tho stockholders, consisting of Messrs. Orson P. Rumel and C. H. Carlquist, who completely exonerated exon-erated myself and the present officers of-ficers of the investment companv of any wrongdoing. T refer all those interested to these reliable individuals and their reports. |