Salt Lake Telegram | 1919-01-02 | Page 9 | Copper Bank May Pay 100 per Cent

COPPER BANK MAY PAY PAYI I 1 00 PER CENT I I From Stockholders Would Put Institution on Its Feet I Directors of the Copper State bank at Copperfield may place that institution institution I I on Its feet and pay depositors j r f cents on os the dollar by depositing i I with the funds of the bank according to plans proposed by David Dunbar receiver for the bank This amount with the capital and surplus will place the bank in a position to pay depositors dollar for dollar Mr lr Dunbar states This plan has has has' been under consideration consid- consid consideration consid for a week according to Mr Ir I Dunbar and has been received fa favorably favorably fa- fa by the majority of the directors directors directors tors but unless the plans reach fruition fruition fruition tion within the next forty eight hours the report of 01 the receiver will be belied filed lied with the court and liquidation will proceed on the basis of approximately approximately approximately 90 cents on the dollar The Copper bank is in good condition condition condition condi condi- tion Mr Dunbar declares with the records complete and balan balances es exact Fourth Liberty bonds bel belonging nging to paid up subscribers amounting to I about will be distributed to toI the owners today without loss to I them since the bank merely acted as I trustee for the government I Affairs of the Citizens zens State bank of ot BIngham are in bad condition and reflect unheard me hods of banking and manipulation which could not I fall to wreck any financial institution institution institution tion Mr Dunbar asserts The manner manner manner man man- ner in which the Bingham bank was I conducted is responsible for fOl the troubles troubles troubles trou trou- bles of the Copper bank he declares