Show STATEMENT inasmuch as there seems to be a controversy 0 versy between tho the county commissioners 0 ners and the county treasurer of tooele thoele county utah and for ap parent patently ly no other reason so for as we know the treasurer has deemed it proper to withdraw tho the county funds from tooele thoele county state bank where they have been deposited ever since the dank bank started 16 15 years ago 1190 wo we deeni deem advisable to briefly state the banks position we have no controversy with either the county commissioners or the county treasurer and insist that it is much against ear wish to be brought into their controversy we are at a loss to understand why the funds should be withdrawn as we have given a surety bond to protect the funds on deposit with us and have also paid all interest asked on daily balances and were much surprised when without any previous ions notice the treasurer withdrew the county funds wo we are a state depository and when the state wishes to withdraw any funds on deposit with us it gives previous notice of such intention heretofore county warrants have been accept Al as cash but hereafter they will be accepted for collection and paid when the money is received N wo are pleased to state that the bank after paying all county funds will still have a cash re reserve erve of 25 above the legal requirement T requirement rement besides a second reserve I 1 of As practically all the money loaned by the bank is to taxpayers of tooele thoele county they will be hampered or injured because the taxpayers money will not be ba available tor for home use dated at tooele thoele utah this day of may hay 1923 TOOELE COUNTY STATE DAK by E A ORME cashier |