Show To the People of Salt Lake City and the Great j Rich Re Region ion of Which This City Is the Center 1 The National Copper bank will occupy its ils quarters in the Newhouse building on June Julie 1 1 It will trill ill then be prepared to transact a general g banking business in in all of its branches This bunk bank has a fL paid up capital of or 1 and will begin business with a surplus of subscribed by its stockholders ers so that including the double liability placed upon shareholders shareholders share share- holders every depositor whether in in the savings or commercial department will Trill have an au aggregate o of back of his d deposit W W. W W. Armstrong for years a successful hanker banker and business man of this state and Nevada is president of the bank Its vice presidents are areV AV V V. V Rice and John Dern Eugene Giles it Ls is cashier The rho board hoard of directors consists of W W. TV W. ARMSTRONG AR Banker and capitalist JOIN JOHN S. S BRANSFORD Mayor I yol of Salt Lake JOHN DERV BERN 0 Capitalist A. A C. C E ELLIS JR m TR Lawyer pcr SHERMAN lAN FARGO ARGO 1 Merchant JA JAMES lES Capitalist GEORGE E. E GUNN p Mine l operator and capitalist LAFAYETTE Capitalist DAVID KEITH Capitalist D. D MACVICHIE j Mine operator and capitalist W. W N. N McGIL Stockman and capitalist P. P J. J MORAN l Capitalist W. W V. V RICE BICE Ca Capitalist if J. J B B. B RISQUE Mine line operator W WM Vl i. i B. B THOMPSON THOl Capitalist All of these gentlemen have had varied experience experienc in business business business busi busi- ness and all have havo made successes in life through thrift and arid in in in- It would be difficult in this tills region v to obtain another similar list of men as strong financially of equal tried probity p and of such recognized capacity to handle large lame affairs Their selection lection as members of orthe the board hoard of directors affords ds a sufficient sufficient guarantee that the affairs of the bank will be prudently administered at all times The National Copper bank was or organized because the men who became its stockholders ers and furnished the talc with which it begins its business believe that Salt Lake City requires greater banking capital than thun has been a available for the development development development devel devel- of the territory centering in this thi city and the growth of its industries They selected the national form of organization tion because they dc desired ired the largest possible operation co-operation on the part of the public and the depositor in a national bank enjoys the greatest measure of safety In a sense the United States Slates government is a partner in every national bank Every such institution is subjected to a rigid examination at frequent fre fre- frequent quent intervals by federal inspectors Five times each year every p national bank is required requited to publish an exact statement of its standings its standings its assets and its liabilities to the last penny National banks arc are also hedged about w with th manifold limitations limitations limitations limita limita- in the matter of loans and investments These barriers are arc all calculated to render the depositors depositor's money safer While a R national bank is barred from spectacular finance its very nature is co conducive e duei to slow and steady growth through the years Salt Lake in the has past twenty years grown rn marvelously in ever every way yay except in the amount of money invested in as banking banking bank bank- ing capital Since nearly rl p all business in Sa Salt It Lake as elsewhere elsewhere else else- where is is done through the banks s the importance of an adequate ade mate quate capital is obvious if business is not riot to suffer stiffer and industries industries indus indus- tries languish In th this s connection some sonic figures arc are of interest In 1890 Salt Lake had fifteen lJ banks s with capital of and surplus Of making a total actual banking capital exclusive of depositors' depositors money of 1 p In Iii 1910 Salt Lake has thirteen l banks exclusive o fj NuL National onal Copper with capital all and O r t plus part undivided profit making maling a total of 1926 banking capital a aIn at 1 t In 1891 the fhe first year ear of the Salt SuIt Lake Luke clearing nausea total clearings were 0 In 1909 the clearings re rea rei clan cl clan an aggregate of more than four times the volt vol a of business done in 1891 1 In 1890 Salt Lake had 1151 a population of or 4 This y the inhabitants of the city number approximately while the territory from which Salt Lake draws raws has lias simm grown in population and and wealth and volume of business Gettig Gelf Getting at tho the same fame result in ill another form fonn In 1890 1990 banking hanking b capital of Salt Lake was a trifle over 0 per cap cap in 1910 this amount has been heeg reduced to less than 50 Spokane considerably smaller than Salt Lake and T v total bank deposits of as m compared with lh 3 33 0 in Salt L Luke Lake ke has ms seventeen banks Two of these are arc rate yate institutions ons with no capital stated slated Neither docs hoes branch of the Bank Dank of Montreal report capital used at This is the strongest of or the Canadian banks hauls and has a carof car cap of and surplus of or and und keeps all the money at Spokane that can be he used to advant Exclusive of these banks Spokane has a bunking banking capital capita These statistical references T are arc not cited in a II ent crit spirit Certainly the engaged in the Rp men banking hanking hush busi 1 should not be censured because others have ha not entered field The Tho figures are quoted simply to demonstrate the tho the need of more banking capital which docs does exist and which National Copper bank intends intend to supply The rhe National Copper bank docs does not expect or intent intend interfere ere with any existing bank It realizes the value of or services of oC other banks to the community and would prete assist rather than injure any anyone one of or them It was organ in the belief that there is not only room but need as We ue we Salt Lake for another powerful bank with large capital stockholders and management hope to deserve and to ob obi public support While the name of the bank is suggestivE mining this nomenclature was the result mainly of sentim mont ment It isn't the the purpose purpose to narrow the banks bank's activities any single form of business or even to make any single forr fora business preferred in its operations The bank proPoses propose become an active factor in every field of industry Its sen will be equally at the disposal of or the merchant the manu hIrer the fanner farmer the limit fruit grower the contractor the calman cat cal catman catman man the the miner the professional man andiman andi andl andiman man engaged in any anyone one of the diverse other pursuits of 11 region In a word its purpose will be e to foster every lc mate industry and to become a factor in the g of or i 1 entire region Accounts large or small will be accepted with Pleas pica Pleasy and the interests of the depositor safeguarded in c xer p pi y o ble be wa way On savings sayings b deposits interest will b be e paid at the rate rated J per per cent per annum it Within a short time the banks bank's safe deposit vault will completed an and boxes will then theu be offered for rental J The fhe organization b of this bank world wide ide in n its tS is tendered to its customers It promises liberal tr tie tre meet to all 1 1 N tion a l |