Show INVESTORS OF UTAH UTA IN BIG NATIONAl MOVEMENT Appointment of Farnsw Farnsworth rth on Ry Advisory Committee Commit- Commit 7 tee Is Important I f By Special News Service BALTIMORE IOnE Dec 1 Through the appointment of ot L. L II l Farnsworth arnsworth of ot Salt Sat Lake president of ot Walker aller Bros bankers bankers bank bank- ers ers a n member of the advisory committee commit commit- tee of the National Association of Owners Own- Own ers era of ot Railroad Securities announcement of ot which was made a few tew days clays ago by President S. S Davies Utah In Investors Investors investors in- in become prominently identified with a movement of national Importance recently launched to protect the tho credit of t the American c railroads a by stabilizing et i fl the e ec securities c of these companies The rho advisory committee Is the controllIng controlling controlling con con- trolling body of ot the association and the selection of Mr 11 Farnsworth to head the movement In Utah is indicative of the prominence of those Identified with with the the organization throughout the count country its Us officers and supporters including many I Of ot the leading financiers and business businessmen businessmen men of ot the nation Thousands of df Individual individual Indi indi- I vidual members have enrolled In the I movement and many others others' here and abro abroad d who while having no Investment In hi transportation companies favor favol fair fall treatment of the carriers nave flave also be become become become be- be come members The association organIzed organized organized organ organ- In Baltimore several months ago through the Initiative of ot Mr Warfield who Is president of the Continental Trust company and one of the tho leading financiers financiers finan finan- ciers clel's of the South fills flUs a longfelt need for an authoritative organization to speak fo for forthe the owners of ot the railroads In matters matters matters mat mat- relating to their public affairs This has been undertaken vigorously through a campaign to protect the in interests interests in- in of large and small Investors In railroad stocks and bonds Its representatives representatives representatives have appeared before the interstate interstate interstate inter inter- state commerce commission and at other othel public gatherings to present the case of those whose savings and other othel funds have undergone such a tremendous shrinkage as a result of the recent general general general gen gen- eral decline In security values The rhe associations association's associations association's associations association's as as- activities Include a comprehensive comprehensive comprehensive compre compre- campaign of ot education to create an Interest on the part of investors in inthe inthe inthe the affairs of their companies and the solution of ot problems problem confronting them It is also planned to Inform the public of the widespread distribution of railroad securities and their vital relation to the economic life of the people A recent computation by President Warfield shows the direct and indirect ownership of the railroads to be vested In people nearly one-half one of ot our population as follows Individuals Individual outright owning worth life Insurance policies In force held by persons representing a total of savings banks with depositors representing fire and marine casualty and other othel insurance companies representing a total of ot benevolent associations associations asso asso- colleges charitable Institutions and trust trost companies state and national banks Darwin P. P Kingsley president of the New York Tork Life Insurance company compan and anda a a. member of the advisory committee I when appearing before the interstate commerce commission on behalf of the association stated that 25 per cent of the protection afforded by life insurance policies is secured by railroad Invest Invest- ments The National Association of Owners of ot Railroad Securities has received the in indorsement indorsement indorsement in- in of the American Bankers' Bankers as as- as Following an address by President President President Pres Pres- ident Warfield before the trust company section of the bankers bankers' convention at Atlantic City a resolution was adopted recommending that financial institutions become members for fol the protection afforded afforded afforded af af- af- af forded and in order to support the efforts efforts efforts ef ef- ef- ef forts to safeguard investments Another Important announcement expected expected expected ex ex- ex- ex shortly is the appointment of a general committee also with members in each state This committee will Include largely in its personnel business men and shippers shipper |