Show I I p i j I I 1 I I SO THE pEO PEOPLE PL MAY IWAY KNOW C have arisen since the closing of the Merchants bank banle that demand thorough invest I J gation by the properly constituted authorities The investigation ion should be made with the view of instituting criminal prosecutions if criminality be discovered with the view of removing from office any public official whom it may be discovered has been beel derelict in his duty and with the further view of clearing up all misunderstandings quieting ugly rumors rumors' and vindicating all who de deserve deserve deserve de- de serve serve vindication n. n The closing of the bank ank has been followed by the circulating of f many charges and rumors Among these are That the Clearing Clearing- ClearingHouse House association failed to extend the Merchants bank needed financial aid to permit it to tide over oyes the present crisis that the president of the Clearing House association encouraged ged the circulation of rumors rumors' as to the of the Merchants bank that the officers officers' of the Merchants bank accepted deposits after they knew the bank to be insolvent that thata a previous previous' management made improper use of the banks bank's funds that public officials with the duty of passing upon on th the banks bank's soundness winked at the unsound investments that favored depositors depositors depositors de de- de- de were permitted to withdraw funds when it was known the bank would close its doors and that a dividend was declared at a time when the bank was near collapse Some of these charges may be true some of them may be false in false in fact all of them may be false But their truth or falsity can be determined ned only by a thorough and unbiased investigation The depositors ors of th the bank and the people of the city generally have a right to demand that this investigation be made The bank of officials and the officials of the Clearing House association should demand that the investigation be made and that it be thorough The names of men nien high in the financial circles of the city are being besmirched by the rumors rumors and charges that are being bandied about the city These men sh should uld be vindicated or they should be shown up in their true colors THE TELEGRAM joins with Th The People of Utah in demanding that the properly constituted officials proceed immediately to investigate the failure of the Merchants bank Let the investigation be fair with intent to injure injure none who may be innocent to spare none who may be guilty and let the investigation be thor thorough ugh so that the people of Utah may know why the Merchants bank was wasI I forced to close its doors I |