Show BANKERS TO fORM NEW NE ORGAN Will Include Pill All Institutions Doing Business in State of I I Utah PRELIMINARY STEPS TAKEN of Action II h Snit Salt IO Clearing House O In III P Pa yoI or of lie Iho All 43 the tho r result sult of the election ot Of nOW new and a I nol board o lId of dIrectors by the Suit Salt Lake ClearIng house II asso O elation itt t Its annual meeting yesterday I a vIgorous poll y Of C Is to t be Pursued Th PlOn III to 10 extend the clearing houe facilities to nil all the of the tho state lit In IQ 5 far CIlI hit thIs general council of batik officials affects the thC making lit of bonk bank policies arid LInd the gen en oral I me h tI 1 oC at banking J Sec Jl Jos s Nelson who was elected yesterday was instructed by the tho pro of I a resolution passed at the tho meeting to write nt at once tl to all them to express an III au alii to tD the tho desirability of forming II a flankers Mso If th the turn out to be favorable all as It ItIs Is iii expected they will a conference will willbo willbe bo be called callea to form Corm the tho organization OPPORTUNE TIME President Chas S Burton ot of the tho ClearIng House blouse association said 1 today In iii speaking of the proposed lion that tt it was 38 one watch most other states hud had already formed Hereto Heretofore fore It has not been torm formed d In Utah as there thero has hall been some soro feeling that there thero i were not enough Now Oo however the tho number ot of banks Is rapidly In IncreasIng increasing creasIng as well ell ns as tho amount or of business they do and It scents that th the time limo Is opportune to organize For In stane stancO our 1906 clearings were MO nil Lit compard to only for Cor 1905 1005 and a Ill over for Cor 1904 The organization at its Ita meetings will thresh oUt olt many points ot of bunk bank bunkIng log Ing policy and be l to result In tint of methods and iii good in III inmany many other wasL was L U II a new director and sst Cashier of Walker Drs Bros bank said that he had long favored the move and was trot glad It was under underway underway way I 1 think It la Is a move In the lie right directIon lie ho said and while I 1 van can sea seo much In favor ot of It I 1 cannot see e eany any dIsadvantages There Thero are oro mony maimy reasons Wh why the bankers can profit from getting tog together and knowing each and the net ne result rosult Is sure suro to be advantageous to fill all concerned COON COMMON UNDERSTANDING See Secy Nelson said that he thought thc Ito bankers should take an Interest In th ho which affect ct them In common For Instance h ho said we should have 1 a comm common n understanding on the tho method of batik and should take tuko nn an interest In the appoInt appoIntment ment macat of I it state bank jonk examiner Then In case caso it 0 blink bank becomes over loaned or 01 has an unusual demand for tor funds made by Its customer It could be helped so long as a It Is perfectly solvent ayd I d 11 Itt this wa the association do much good I hopu to get gel many and favorable replies replica from tile the letten sent out Cashier Harry Clark of oC Ito tho National was equally equall In favor ot of the movement which CecilIa fleme to have havo th the unanimous of oC Salt Lake bankers He declared that It would provide a l method for fol the inter Intel interchange change of at Ideas deall on methods which would bo be bound to result In good to everyone concerned The Tho letters are now being prepared by Seey Secy Nelson and will be sent out within the next few fow days |