OCR Text |
Show NEW BACKING INSTITUTION Y i i Files Articles of Incorporation on Tuesday. Capital $75,000 Prominent Capitalists at the head Will Push It to the Front. Ttic Cache Valley Hanking Company ' wv""1 tlic Fi"mers Utah Loan Assocla-i Assocla-i &f tlon both entering business In thisclty within the past month ccitalnly Indicate Indi-cate Logan's piogiess. The latter association filed Its Articles on Tuesday Tues-day June 30th, and commences business busi-ness with $75,000.00 capitalization of which fcW.OOO.OO Is subscribed and paid. The remaining 4,500 shares of $10.00 each will be disposed of only when the directors deem It necessary, or In the Interest of the new association. associa-tion. Tho scope of the contemplated business covers a wide and Important range. Moses Thatcher, David Eccles, L. S. Hills, Joseph Howell. II. E. Hatch, G. W. Thatcher, S. A. Langton, R. F. Rlter, and J. T. Pond constitute the nine directors to serve for the llrst Kycar, and the first two named In the order above, will sere as President . and Vice-President while II. E. Hatch will be Secretary and Treasurer. The following list indicates the names, residences and amounts by each subscribed and paid. List of Incorporators of Farmcis Utah Loan Association. Name Residence Amount Moses Thatcher, Logan MOOO.OO David Eccles, Ogdeh, JWOO.OO II. E. Hatch, Logan 3000.00 Lewis S. Hills, Salt Lake City, 300.00 Joseph Hou ell, Logan, 1500.00 Aci. "NV. Thatcher, Logan 3270.00 f Scth A. Langton, Logan 3000.00 Fi ank K. Ncbekcr, Logan, . . . . 500.00 Frank "V. Thatcher, Logan. . . 170.00 Mary E. It. Webber. Salt Lake City, 150.00 Henry Dlnvvoodey, Salt Lake City, 150.00 John Strlngham, Trustee, Salt Lake City, 420.00 W. R. Dougall, Salt Lake City, 000.00 W. A. Rossltcr, Salt Lake City, 350.00 S. V. Rlter, Logan 500.00 Jos. T. Pond, Thatcher, Idaho, 500.00 H. F. Rlter, Logan, 500.00 , Maria C. Rlter, Logan 300.00 Robert Murdock, Logan, 500.00 John Larson, Preston, Idaho,. 500.00 Moses Thatcher, Jr. Franklin Idaho, 500.00 Thomas Smart, Logan, 200.00 Horaco E. Peery, Ogden, 1000.00 James Mack, Ogden 450.00 Jacob "West, Logan, 1000.00 Charles II. Hart, Logan 600.00 Joseph Qulnney, Logan, 500.00 J. R. Scarboiough, Franklin Idaho, 500.00 E. R. Miles, Smlthtleld, Utah, 250.00 11. G. Thatcher, Logan 100.00 Newell Duller), Richmond, ... 500.00 W. J. Kerr, Logan, 500.00 Heber Parker, Wellsville, Utah 500.00 George L. Swendsen, Logan,.. 500.00 yUleorge F. Thatcher, Logan,.. 330.00 Total $30000.00 It will be noticed that a director Mr. J. T. Pond-Is a resident of Gen- tile Valley, Idaho; while Mr. L. S. Hills, president of tho Deserct Na- tlonal Hank, icsldes at Sa.lt Lake City; Mr. Eccles, tho Lumber King, Sugar Magnate, and President of the First National of Ogden, icsldes at Ogden; leaving Howell, Hatch, Langton, Rlter and the Thatcheis-M. and G. V.--to lepiesent and pull for the center Logan. And of quite as much Impoitanco will be noticed tho fact that Pond of Gcntllo Valley; Laison of Picston; Scaiboiough of Fianklln; llullen of Richmond; Miles of Smlthfleld and Parker of Wellsvllle, not to mention those of Logan, are .seemingly In lino Ithagood movement of couiso It Jst happened so. In fact tho cnthe 'topo and detail of this new financial factor appears to bo accidental, but wemlss our guess If tho Fanners Utah Lan Association, with principal "lllco In Logan, Is not In a revvjeais, not only known for good thioughout A i!jr ''itor-inountaln legion, but IttWHighouL the Union, If not In roiclgn Ifltiies. We luno no hesitancy In saying that loans negotiated by It will be sought for eagerly, and that wealthy men at home, possibly some of the Incorporators Incorpora-tors of this new venture themselves, will Invest In paper passed upon by a company of which they are shareholders. share-holders. Our readers arc to be congratulated on the Incorporation of tho Faimcrs Utah Loan Association whoso directory direct-ory and olllcers are a guaiantecof honorable and Just methods of deal and patience, consldciatlon and fairness fair-ness In all business transactions. |