Show MERCHANTS BANK IS ISTO TO INCREASE STOCK I ITO TO SECURE CHARTER I An increase In the cn capital lal stock of of the he n Merchants' Merchants bank of Salt Lake wilbe will wil willbe wl be made at a meeting of ot the lie stockholders stockholders stockholders stock stock- holders June 5 and at that the board of directors director of or the lie batik bank will also aso be Increased from frOl seven members to 15 The rIme present directors are oro Harry Harry Harr P P. Clark J. J J. J Dalt Dal Daly II H C C. Edwards W W. J J. J Halloran W. W S S. S Henderson F F. M M. 1 Wilson Ison and A. A Fred We V The Increase In tho the number of or directors dl dl- dl rectors will wil be bo made to give an nn opportunity for Including several of ot the tho mo most t prominent mining and business businessmen men of alt t-alt al Lake In the board and several se have already subscribed for portions of or the additional stock which will wil be added June 5 This Tiia move on time tho of the tho bank I will wi be ved ed Immediately b by formal forma application for fur a charter as an a na national lon l bank It I wa was thought best bet however to lo to Increase tho time capital stock as a state bank banI before applying for a charter front from frOl the tle government in order to avoid the longer loner dela delay which would be bo necessary necessary necessary sary In Increasing the tho capital stock after time the bank becomes a n national In In- In |