Show c 1 i OFFICIALS MAKE it I. I f SUDDEN CHANGE t at f a AiL fiO TO t t'S S NEW NEVi DANK BANK Commercial National Bank Loses Four Officers Who S Take Charge of Merchants Merchants' Institution Institution- Will Vill Enlarge it WILL FORM ANOTHER NATIONAL DEPOSITORY Present Quarters Will Be Re Retained Re- Re tamed by the New Officers t- t Who Expect to I Increase the f Capital C pital Stock to I PRESIDENT PRESIDE JT WONT WON'T TALK r Another National bank for p Salt Lake in the near ear future I will viII be the result of the purchase purchase pur- pur J chase of the interest of the Merchants Merchants' bank yesterday yesterday yesterday yester yester- day by former officials of the Commercial National bank of Salt Lake Harry P. P Clark J. J J. J Daly A. A H. H Peabody and W. W H H. Shearman Shearman Shearman Shear Shear- man are the new new v officers of the Merchants Merchants' bank who vho resigned j from the Commercial National r js y and were vere elect elected d dc I c president first vice ce president nt I and p. p d second vice president and and I hier o the J fp j el S. S cashi cashier r o of the Commercial l National Na- Na NaS S J J. J J. J Daly wa was vice president president pres pres- ident and Mr Peabody and and Mr Shearman were vere first and anti second assistant cashiers No Jo o persons have been selected to fill nn the tho vacancies in tho Commercial National bank caused by tb thu resignation of ot tho the four officials dent dont J J. J E. E declared last InsL night who would be that ho did not know appointed to tho the vacancies It Is h likely that a meeting of or the tho directors will vIlI Me he e culled at once to LO decide tho the question the tho bank will continuo continue Its business as usual as S men are ure available a to fill tm tho tilo places temporarily Tho The Merchants Merchants' National bank will vIll continue continuo to occupy Its present quarters for tor the present and the new officers I who purchased the Interests of or Georgo S 15 B. Chandler Chandlor vice president Eugene Busene Chandler cashier and W W. H. H Bramel director In tho the Merchants' Merchants bank have haveS Increasing the capital stock for plans Ians r f S from to lo In the tho near future lii III e Capital The Merchants' Merchants bank i IB 18 now a state slate Institution and at tho the time of ot increasing Increasing tho the capital stock application v willbe will willbe III ing InS The Tho charter be made for fOI a o. national directors of or tho the Merchants' Merchants bank new arc 1 J. J 1 Daly II n. C. C Edwards and Harry harryS directors re remaining remaining re- re 1 1 Clark and am tho the former S on the tho board aro W W. J. J Halloran Hal Hal- loran V W. S. S Henderson l F. F M M. Wilson S. S 5 and A. A Fred Vcr Wey Tho Merchants Merchants' bank was organized nine months ago and has grown about In and influence in patronage rapidly financial circles The new Lake Lako rapid management expects a still more I as soon as its plans for In Increasing Increasing In- In growth the tho capital stock and entering enterIng enter enter- creasing be national banks can ranks o of ot ing the tho and It Is known that it has hns strong completed backing from important capitalists capitalists capital capital- West Vest of ot the charter of or the tho Commercial National National National Na Na- The Tho has long been re regarded regarded roS ro- ro bank which of oC the tho strongest finan financial ono S aa as in tho the West will ex expire expire ex- ex c cial l institutions future and J. J E. E Cosgriff Cosgriff Cos- Cos pire In the the- near tho tilO Institution Is 18 Isnow of griff lCt resident president in organizing another now DOW engaged take over tho the banking com company pan Commercial to National business of the charter as us a national national na nn- na- na another and obtain The Tho places vacated acate by bank of oC Mr Clark Clarl Mr Pra Poa- tile resignations will willbo Mr h Shearman and body Mr Daly tomorrow hut but tilled hued temporarily bo ho refused last night nl ht to uy Mr hitS his plans platis for the concerning anything institution If |