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Show Si OINGS OIF THE WEEK. F .Big Bank, r Consolidation. kjl u , Combination being effected Mk"':. hereby "tlie Lehi Comiucrchil & hV i .. " - B;ivings Hunk and the now Banking $11.'.. Company of Ahi. Fork,, supported I -'. v iby, fifty of their monjed men will Ji . merge their interests. Thomas It. j "" Cutler to bo rresldcnt and John Si ,Y Smith Cashier of the now com-i com-i bination. II ' ( ' For several weeks past .Tames II. j Clarke and associates of Am. Fork . T huyji,canvasscd among the lending '! citizens of American Fork "n ! and vicinity, in the interest of the .'J bank to bo installed in tho now &. f building recently erected for that 'MS . .purpose by tho Am. Fork Co-opor- jfj ativu Jhistltution. Their efforts II have mob with most gratifying success. Overiiftyof the leading r citizens having subscribed for I stock in amounts ranging from i $300 to if 1000. :- It is well known that tho Lchi 1 Commercial & Savings has had au enormous clientage in American i "Fork, and in order to retain this f. . business, and to prevent another competitor entering this locality, which would deinoralizo tho load banking interests, the directors of tho Lehl Institution submitted a II proposition to tho Amerieau Fork 1 promoters ins which they engage to deliver omvhalf of .tho Capital Stock of tlicir institution to the ' J American Fork1 people at a price of 130 pot; share. Tho American Nt Fork people to pay additionally I $15.00 into tho surplus fund of the v Bank. After a careful cxamiim- I j tion had been madq by the com- Sg'iltf .. , niittcc appoiir$g, from American iBHHnFork'foithapurpose tho proposf- MBr tion . was 'accepted, and alter. ' WBPP November Lst tho Articles" of tho ' 4 "r jj0, Commercial & Savings Bank Tl will bo amended, changing tho name of said institution to "The . t' Utah Banking Company." f Already tho Lchi institution I has approximately a three hundred and lifty thousand dollar business on their books, and for tho past thrco years has enjoyed a dfgrco of success most gratifying to tho stockholders. This volume of business no doubt will be augmented augment-ed by tho support of tho now institution insti-tution to a volulnp exceeding one-half one-half million dollars. , Tho wonderful' ijiercaso in tyusi ness made by tho Lchi Commercial & Savings Bank during tho past three or four years has been duo largely to the efforts of their Cashier, who is reeognized'as ouoof tho most progressive bankers in tho Shite, and through tho great confidence their clients have in the President uiid Board of Directors. It is con epded through this locality that there Is no financier in tho State in w'hom greater confluence is reposed than tho President of this Institution, Institu-tion, Thomas 11. Cutler, -who has largely built up this section of the State during tho past thirty years. The banking company under tho i now, consolidation will begin business. busi-ness. November 1st, 1000. f . - . - ' l I i II I I W ' |