| Show I WONT HURT SALT LAKE LAKES S B Say Buy Local Bankers Regarding Fail Failure Fal ore ure of or Denver Savings Bank Dauk BankA DaukA V A reporter of or tho News was wn sent this afternoon to Interview some somo atthe of or orthe the local bank officials none hone of ot whom had hall heard hord of ot the tho failure of ot the Denver Doner Savings bunk bink during the day day for tor 2 Z They were asked what effect If H any the tho failure would have ao upon the tho Halt Lake hanks banks Mr Ir W IV S B In answer to the question said I dont see sea bow how It Itcan I can cart have IHO any effect hero here nor why It II should So far aa as 18 i I know none nOM of tho the Salt Snit Lake Lako banks bank hive have haya nn any correspond ants ant with wih Denver Deliver Savings banks bank Mr Ir H II I 8 S I Young Toting cashier of at tho the Des Doe Deseret Deseret eret National said It I surely aurely cannot have any effect on the Salt Halt Bi Lake Laka banks Tho The correspondents of ot tho the local banks In Denver Dener are lr usually the First Firt Na Nit lonal of ot which D H 11 I Mortal Moffat Is pros Ident blent or tho the Colorado National or tha time Denver National which Is II known as 8 tho time Brothers bank hank The failure Th of ot the Denver bank should Ii In no n way entice cause ouO apprehension lon here hert Mr Ir Lewis 3 M f Cannon assistant cash ier ler of ot ZIons Savings Bank said ald I r do not think the tho failure can cnn have hao any effect here It I was WIS no doubt duo t I to local causes So Bo far as an we are uro url concerned we do not carry any larger deposits In Denver banks banka that we wo am are arf obliged to and then only with wih the lead lug Ing national banks Upon Investigation It transpires that Jones Jores Jors who I Iu Il tho the vice president of ot the Denver Denor Savings bank banh Is also BlA president of at ho hl Colorado Loan Investment company which built buil a number of or houses In Bait Bai I 1110 iko City At ono came time this company hail had over 40 members member here herc Mho rho ho got tired of at the way Its Ill orn officers of cers cerl did business and gradually with withdraw withdrew drew draw dew from It until now there are ure not notto notto nt to exceed 10 40 O members rR left lef here H It Is la said Mid tin on C good authority that on one man alone forfeited S 1 1100 0 when ho with withdrew withdrew lre drew from It I The presumption Is that Jones connection with this Institution and Id It Its real estate operations mire lire the tho cause cuse ot of the banks misfortune misfortunes s |
