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Show SATURDAY DECEMBER EVENING NEWS DESERET Bunk Deposits 1 ake ooadensed flgnres of Salt banking institutions nt Nov. , 10, tbf close o burin s JMT, M compared with the figures tkat obtained Nov. Iff, 1111. Depos-ii- a abow nn incrcaaa of more than three and a quarter million. Notwithstanding the heavy calls made on the bank to do their "bit" In placing United 8tate Liberty loan TM statement show also an conservative policy on the part of Salt lake banka, evidenced In the cash resources as compared with the dnd a total deposits of sixty-eigquarter mil lions in a city having the follow In tbo condition THE ht population of Salt Lake, which U larger to proportion to that of many oth er cities with much populations. -- The same phase larger to imancial experience is manifest In the bank clearings Of Salt Lake, which show a greater volume of business passing through the banks than to many otherjmucft The outlook for the coming year in the local banking field Is foreshadowed In the general trend of the finances of the country, via, strictly conservative policies. It may be assumed at the beginning that there will be no loans granted for speculative enterprises, no schemas with the slightest wild oaf erortia will receive Investments in any any attention. but standard, recognised securities NAME OF BANK McCornidf & Co. Utah State National Bank Deseret National Bank . , . Zions Savings Bank & Trust Co Walker Brothers Bank r National Copper Bank National Bank of the Republic Salt Lake Security & Trust 5. .. Capital . Undivided Surplus Profits 238,834.11 $10,489,920.59 $ 54.140.78f 6,331,870.41' 600,000.00 489,000.00 4,876.464.00 126,911.00 139,211.41). 7,27.C0759 .93,147.97) 8,697502.99) 300,000.00 31,710.00, --4,57 1,1 76.00j 114.663.57 7,511,732.341 299,997.50 27,313.57 2.335.685.62 7,590.93 972,170.00 46,493.55 1,537,592.16 29.100.00 250,000.00 5,123,2593)0 31,467.17 1.826.179.62 256666.00 27.700.00 3,270,483.00 794,047.391 3,442,341.89 $5,030,000 $1,731,000.00 $1,785,333.45 $68,273,187.01 $2,188,997.50 $5, 030,00041,730520 $1,448,514.58'$64,499,428.60;$2, 175970 $ - 647.50 $ 336,818.87,$ 3,773,758.41;$T3,700.00 ; ;.v. ...7" .V Farmers Stockfrowere Bank...;. Utah Savings & Trust Co. .Continental National Bank Merchant Bank National City Bank 4 Deseret Savings Bank . . Totals for 1917 Totals for 1916 Increase of 1917 over 1916 . H i i Decrease of 1917 from 1916 Investments included iq other cash resourcesT' ....... .... . T 94. It was during this time that Mock exchanges all over the country were paralysed and tor a time it was hard to tell which way the financial feline was going to jump The market however, began to slowly recover, the Balt Lake clearings reaching tho ten for the year to the year In November at 332,394.1(1 47. marked ImThe next year al provement, with the total at nearly 380 07o,900, while 191 proved even belter at (504,414,784.94, December showing 314492,902 43, record up to data. This year the grand total will be 3714,110,380 02, estimating the December clearings at 330.000.000 to round number which stands the record in local banking hismonthly tory. This estimate 1 that of local banking mdta whose experience enables them to stato a reasonably approximate figure So the increase of this year over 1(18 ought to be 07, approximately. One reason for this Is the membership of three more banks to the clearthe National Copper, ing house National City and Farmers ft having Joined last year. Then the tremendous impetus given to general buslnees by the war has Included Salt Lake and Utah within Us scope of operation There were the two and the Liberty bond transaction marked Increase of taxex national, atata and city, and indications are that 1913 will exceed. 1917 by 3260 000,000, if it does not bring the aggregate for the 13 months up to the round billion 3209,-(9S.4- Stock-growe- rs 1 ' mark. The Salt take Clearing House had an opportunity this vsar to show its p to full expatriotism, and ca pectations and requ,. amenta ft haa backed the government to the Liberty bond loans to the extent of its influence which Is, very considerable; the war savings stamp proposition hat also the fuU support of the clearing house; and in every special movement for public betterment where its support would count for the gensi the clearing house has be good, found ready to extend a helping band. The official roster Includes Pre dent John Pingre president ef the T Merchants bank; W. Boyer, Continental National bank; secretary and treasnrer, C. 8. Bwrton, president Farmers A Stockgrowers bank; manager, W, C. Cleland, with McCorntck Co., executive committee, John Pinm , W. 8. McCorntck, L. H. Farnsworth, R. T. Badger, W. W. Armstrong Hie annual meeting comes In nt January. COMPARATIVE STATEMENT OF BANK CLEARINGS IN SALT TAKE CITY. bondindus- trial enterprise, he will be required to present his proposition before an thonzed commission to act In allowing the investment to be .imui.1' Salt Lake banks are shown by the table, as well as by general understanding to be on safe, solid foundation The methods of their manageconservative ment are on cautlou lines: and M Is douotful if any other city in the country can show a bettor record. The banking Interests of this city will receive an Impetus the coming year to the erection ef the fine new home of the Deseret National bank at the corner of Mein and First South street Loans and Discounts I to invest In a new office or establishment of an .77 ' 1917 $ 7,715,705.91 $ 4,505,006.21 2,611,981.00 6,277,152.37 6)091,814.73, 2,938,631.00 5,761,122.581 ut I t, t i r. ' ' Investments t .Other Cash Resources - 780,776.30, $ 2,932,272.49 1,050,678.60 1,688,145.07 1,316,363.00 2,560,185.00 i aii on r 824,221.78 3,295,63651 1570,711.00) ll 1,035,175.00 795.000.00f-1,97057- 053 1,770,12055' 873.9l3.00j 791,520.00 '434.407.83f 118,953.35 61,750.00 1,163,929.83' 583,750.05 2,515,000.00 1,726,000.00 1,294,767.15) 362,12958 1,553,134.00 1,969,628.81 2,033,069.39, 1,734,080.19 589539.70 $16,236,435.31 $12,137,04453 $19,437,35957 $39,738,531!74,$10544,87152, $23, 773,092.94 $ 6,497,903.60 $ 1,392,173517777.'.'.. 4,335,753.07 .. ..$ of their respective fields might nerve by Utah men. This1 investment ef to give n somewhat more detailed idea Utah capital into a world-wiboM-- e of what this consolidation j actually means the return to Utah of revenue additional to that derived from own AburtUnt resources. Utah was a pioneer state in the re- Its The equipment sold will all be ception and development of the sugar manufactured beet Industry of the United Staten by Utah labor, which The Kelly pres also n pioneer, has with this gigantic fully kept paee progrea for practically every factory of tha various sugar companies is equipped with them machine The Sweet land press Is of eastern origin and consequently finds ita application more common to the huge sugar refineries of our eastern board and in vartoualy situated chemical plants throughout the eastern de And Growth of Industrial Enterprises ' following comparative statement of 8x1 1 Lako bank clearings for the 'last five year will be noted with Interest by local business men generally as bank clearings are the barometer of the trend of burineae from month to month and year to year There was a notable decline of nearly 119,000,(00 to 1914 from 1913, due to the breaking out of the great war is August of 1914 which proved to bo the minimum month of tho year with ita bank clearings at 323.330,-78- 4 ing, .i. Salt Lake Batik Clearings Reflect Prosperity 1HJC Circulation Deposits $ 600, obo $ 120,000.00$ & . will be discouraged; expenditures not thrift certificates, the banks of this suppoitera One bank, absolutely necessary will be curtailed, city ere strong if not cut out altogether Business the Utah State National, volunteered extensions not actually called for are without hesitancy to act as the distribcertificates Hot likely to find favor at the banks, uting agency for stamp neither will any proposition for mu- and accompanying literature, without to the government. that the "wall expense nicipal Improvements does tool bstng of the community The spirit actuating the banka In make ImpsraUvs. It will be a year of their general policies for the coming carefulness in detail to cutting off year mey be inferred front a recent a waste her orV not needed outlay statement from a prominent clearing there, a general conducting of finan- house officer, when he said, It Is cial operations on bed pan bad j likely to be but a short time before Current local history shows that the government regulation of investments banks of Balt Lake are backing the will be inaugurated to prevent investgovernment to a patriotic and clhclent ment of lerge sums of money in enway Not only have their sustained terprises not necessary tor the proseIt to pushing the Liberty bond loans, cution of the war. i am ready to be- but In the government's latest finan- lie vo the time not far distant when, if cial achsm that o' war savings and a man has idle capital which he 22 If. STOB3W , Presides JOHN D. HBXEW t tr I, First National Bank of Brigham This well known bank Opened Ita doors Ita 1001 and today enjoy a close relationship with business men farmer cattlemen and fruitgrowers throughout all Box elder county. Ita assets are over 11,900.000 g has a capital of 330 000 and its surplus and undivided profits reach tha 344,000 mark. It is the only national bank to the county, and is by far tho largest banking institution between Ugdea and Logan. The two new sugar faetorie the increased acreage in beets and other farm products in the county, have contributed to swell the receipts of the First National Bank of Brigham. v Hie following well known bustoeon we, form the directorate of this bank: L. h. Stohl. president; Lucias A. Snow, vice president: John D. Peter cashiet-Wlt- h the above, the directors are Peter M. Hansen, 8. K. Lea. John L. Edward Philip Qaayie and Harold C. Day. Itself is a considerable item. - Take for example the past yeaic although the enterprise wee hardly more than launched on Its career, more than 3600,000 were paid to various foundries and machine shops to this lec, , tion. Balt Lake City- is now the recog-nixe- d center of the nitration world. Utah men and Utah made goods shall become known to every quarter of the Industrial glob and shall stand for the highest to eerrlc efficiency and thorough reliability. in- - t - t A 8 f tP 4 f- y h McCornick & Co. r 1"? 0 Establishedl873. f 4 it ; ; ; i Salt Lalce' City, Utah. " i i Bankers 1 -f ft state New Contribution. Tho American in a new contribution to the filtration field and is more especially designed to meet the particular needs of the metallurgical world, which, in the widespread utilisation of the flotation system. In desirous ef tome inexpensive, satisfactory method The adaptof handling concentrate ability of this machine, owing to its novel design and simple construction. Is exceptional and wOl. doubtle cause the machine to become more and more in demand as its advantages become commonly known. The formation of the United Filters corporation Is a stop fully in keeping with the spirit ef the times a consolidation Into 4 single era pact unit of several similar organiza-ton- s wbch heretofore had been working along the sum general line yet an whoee experiences separated knowledge were at no value te the w other. . Applying the fact considerably lees of formation such an orthe broadly, ganisation win result In Incalculable Balt benefits to Utah and lake City. The United Fitters corporation has paid-u- p sad is capital of backed by Utah investors fed beaded ' i"j IncorporalecflUW --!,r- f4 1 , 1 n WITH LIBERTY BONDS AND THRIFT STAMPS PURCHASED AT THIS RANK, YOU CAN MAKE IT A SENSIBLE, PATRIOTIC XMAS FOR YOUR FRIENDS AND FAMILY. Come in and yet them. Estimate! ducing region of tho world. But Mr Salisbury was not content with this rather remarkable achievement, as he entered the metallurgical and chemical fields and by a characteristic. Vigorous and driving campaign, tha United Filters Corporation Builds Up Big Industry was In ;the campaign of KOI that a Kelly Alter press was somewhat dubiously installed M tho Sugar City plant of tho Utah-ldah- o Sugar company. The results attained by Ha use were of an extremely gratifying nature, proving beyond any doubt that the Invention of David Kelly was the d development of eound, practical, reasoning. . The success of this trial machine was so evident and pronounced that Thomas R. Cutler, geno eral manager of the Sugar company, confirmed the practiof the cability preen by immediately ordering complete Kelly Installations IT hard-heade- Utah-ldah- n rSv Ii S' 4 , ' for tha three factories then In proe-ewconstruction. Since this rather trying experimental stage referred to. the growth of the Kelly Filter Press industry has been tremendon Under the able management and far sighted executive ability of O. J. Salisbury, Balt Lake mining man and capitalist, the Kelly presses became a well recognised factor in all the mining and Industrial enterprises of the United State as well as In prseticallv all of For example, the foreign countrlc intoday finds complete Kelly press stallations operating in over 90 sugar factories throughout the sugar pro of I.ia..i.p. ISV . . 7, 7,'-- , ", , r VS i r - 7 747' iv77v77 7 it 4, H J spew o Wt t K ' 7 il si ' smww1 - : 7rs- - ' 77,7.- - Ai 7 . .7 f v . t." b -- 0 i 7 a 77:;, 7 v 7 "Vi 7' I 4 r - J ' , e ! ' MUl S' v - 77 VIIV 7T ? machine was soon equally strongly entrenched. An even more stupendous stride has been taken within the past few months the Kelly Press being firmly and strongly established and having reached that maturity of corporation life where lees executive supervision is needed, Mr. Ballabnry hi his usual keen sighted manner, effected a consolidation of the , Sweetland Filter Press company, the Kelly Filter Press company and the American Continu ous Vacuum Filter company. The new is known as the United Filters corporation, and Is an assemblage under one controlling bead of the comprehensive engineering exof perience, ability and resources A brief resume these three concern v. -x 7, 7 , 'VV i 4 y S- - McCornick, Pro nthon H. Lund. Vioc-PTroi Albert Smith, Vkv-P- re I'Yed M. Micbclaoa. Cashier. W. re f. . 600,000.00 Capital 120,000.00 Surplus - Undivided Profits 200,000.00 Deposits- - - - - - 10,000,000.00 - Waste Not! Want Not! i HIN-DRE- per cent of which were Mrtctl; preventable. and the balance origin unknown. to prevent this waste Do Home Fire f W. S. McCORNICK, President. D. C. JACKLING, L. B. McCORNICK, S. A. WHITNEY, Cashier. R. LC CONELT. Assistant Cashier. C, M. MacNEILL. T. R. CUTLER. Vice-Preside- ft T12e (ud -- ; CHARLES HAYDEN. R. W. SALISBURY.. F. J. HAGENRARTIL TIMOTHY KINNEY. LAT.ENCE - GREENE. !: : ! 7? -- Insurance Co. PHOXFS y C. W. WHITLEY i --OF UTA- H23 MAIN. I ft Officers and Directors "F-- a t si : "V m Over ONE BILUOjr ONE MILLION DOLLARS paid by Insurance Companies for Fire Losses to the United States to the East TEX TEARS. 37 per cent partly preventable, ra-- m Accounts Respectfully Solicited Vice-Preside- 7- M s ,v LAYTCn SUGAR CO, LAYTON, UTAH. A t Largest Bank between DenveF and the Pacific Coast 21 xj 5 is 4 t A V i j. iin1 Bwpff'iwmnn'jiw f H 303-- 3 I Presmihg Soymf. fc if- - t ' |