Show A. A P. P Bigelow Bank At Ogden Suspends I OGDEN s. A A 31 Special Tha Tho Ogden State bank organized and andI I owned by the Bigelow Bicelow family failed to open Its doors today The closing according to the banks bank's statement Is for the purpose of taking advantage of the thirty days moratorium granted grant grant- ed under the law during which time the directors and some of the principal principal principal pal depositors feel that a satisfactory reorganization may be completed for forthe forthe the tile reopening of the bank W. W H H. H Hadlock state bank commissioner commissioner com corn missioner Issued the following statement statement state state- ment mont Monday By order of the he board of directors the affairs of the Ogden State bank ore are now In the hands of or the state banking department During the 30 days suspension period as allowed by statute every c effort will be made to realize on the banks bank's assets with the view of the Institution The Ogden State bank was organIzed organIzed organized organ organ- in 1889 by K H Hr C. C Bigelow and A A. P. P Bigelow father and nd son the latt latter r now president of the institution President Bielow made the following following following follow follow- ing statement The Th bank Is In Ru an unusual financial financial financial finan finan- cial position In that It has approximately approximately approximately of asse assets which are ample to meet our obligations Not one penny of our set set- is pledged and nd we vc owe no borrowed money |