Show stockholders PLAN REOPENING OF CEDAR BANK A aplan A plan for the reopening of the bank of southern utah at cedar city which closed its doors doom last friday fil was tentatively worked out at a meeting last night under the pirn proposed the stockholders WM will turn in their stock to act its s collateral for financing the new institution safe depositors were asked to a agree gr ea not to withdraw all their belr accounts for a period of one year rand then only at the rate of only 20 per cent each quarter it will require a sum of to reopen the bank the plan worked out haa received the recommendation of the bank commissioner and it I 1 is thought that within thirty days the bank will again aga in be doing business it would be re financed and reopened under a new set of officers but using the bank of southern utah uta h fixtures and building in the meantime cedar city Is practically pa paralyzed I as far as financing Is concerned there Is not a bank open in iron county closely 61 following the closing of the bedair bank the bank of iron county at a was closed temporarily for a period of 30 days to torvold avoid a run reports of the closing of banks at milford all deaver beaver were false washington county noys |