Salt Lake Telegram | 1916-03-01 | Page 6 | Shortage Found in Loan Association

SHORTAGE fOUND IN IM LOAN LOAM ASSOCIATION Stockholders of the Utah State Building and Loan association believing belev- belev ing that there Is a shortage that win wi exceed even the tile loss discovered discovered ered by auditors have appointed a committee to determine the he exact shortage This action acton was taken following following fol fol- fol lowing rumors of mismanagement shortage of accounts and alleged false entries entres on the books The meeting of the stockholders was urged by C. C A. A Glazier Gazier state bank commissioner Glazier Gazier recently investigated the te company's com corn pany's affairs and found them in a I tangled condition Savings accounts that that- were being received are being beig returned by the te company upon orders of the bank commissioner commissioner com corn missioner who decided that all al such must be returned and this business stopped I. I J. J Ketcham vice president president president dent of the organization has authorized authorized author author- autor- autor I G. G H. H Backman Backman to make an Investigation In and Backman In i turn tu employed em em- played the Goddard Audit company to go over the te books The special committee of stockholders appointed appointed ap ape ap- ap pointed to t help investigate consists of Brigha Brigham H. H Clegg Herbert Smyth Orson H. H Ryan L L. L R It R Wood W. W H. H l Reeder of Ogden J. J H. H Woodmansee and Morton Moron Neisen Another stockholders stockholders stockholders' stock stock- holders holders' meeting will wi be held tonight D. D C. C Perkins treasurer and manager man ager of the company has been re re- ra from his duties dutes He has been sued for