Salt Lake Telegram | 1924-07-29 | Page 14 | Loan Company is Organized

r LOAN COMPANY i IS 15 ORGANIZED I Declares Purpose to Assist I W Wage age Workers The Peoples People's Finance ce and Thrift I company an institution created for tor forthe forthe I the purpose of financing wage earners Ei salaried persons merchants merchants mer- mer merI I chants professional men and all j who deal in credit was organized in in Salt Lake Monday night with witha a capital of The company which is Js' to be I owned managed and controlled by local ocal citizens was organized under un under un- un un- un der the direction of ot C C. W W. 11 1 ler organization manager w with th ot oJ- of faces at Continental National I bank building The organization Is 1 perfected under the system system tem tern under which many similar companies are operating through- through oyt t the United States and Canada The purpose se of ot the new v company company company com com- pany is to k loan money to the w wage ge II earner the salaried man and the small tradesman in times of stress 1 Illness s. s family misfortune the need 1 of better surroundings the education education education tion Of ot children the necessity for tools or equipment all recognized I by the company to be legitimate reasons for for borrowing by these people people peo peo- it Is said sail During the organization the Tracy Loan and Trust company will act as escrow agent The following officers of the company were elected Heber Neil Neil- sen president Frank Dole first vice president Harry Coombs second second second sec sec- sec sec- ond vice president H H. secretary and treasurer V. V II H II Richey manager and Dan B B. Shields attorney The board of i directors consists of Harry Coombs I Frank Dole Charles Fahr L L. F F. Hammel E E. A A. A Hewitt O O. Goodwin Goodwin Goodwin Good Good- win Ray Peterson D D. B B. Shields I Heber II H. and V H H. Richey