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Show SPRINGVILLE'S BANKSSTRONG The strength and finincial firmness firm-ness of .Springville hanks admittedly admitted-ly is a certain foundation for business busi-ness growth in Springville, according accord-ing to the leading business experts of the srate. Sprigville antisipates a great growth in population, business, and industry with the first flow of iron at tlm Columbia Blast Furnace in April. That this growth will be permanent and not of the so-called "boom'' variety is guaranteed by hanking methods of Springville's finincial institutions, j Springville banks are in n better condition now (ban ever before, and always have Springville banks been accorded highest credit for safe and soue iiiianciiig. "They have been the hands of men who regard their obligation in safe financing above opportunity for aiding get-rich-quick promoters. And, they have placed high in their financial programs the necessity for working for the upbuilding up-building of Springville and Maple-ton. Maple-ton. The financing statements of both Springville banks, was made Feb. 1, 1924, are gratifying evidence of the financial strength of these bonking institutions. These statements of the Springville Spring-ville Banking Co. and the Menden-hall Menden-hall Banking Co. show that neither of those banks have any borrowed money of other banks, and they 'have on hand in cash, fifty per-cent mure than the law requires of banks. Their recourses are far in excess of their liabilities. The Springville Banking company's com-pany's surplus and undivided profits are S.S.745.3 S. with a capital stock of $75.0(10. The Mendenhall Banking Bank-ing company has a surplus and undivided un-divided profit of $11,979.43, with Sou.ouo of capital stock. |