Show THE ROOSEVELT BANK i CLOSES ITS DOORS I i A. A New Organization Will Take Care of the Current State Business Business State Statement ment b by President Owen Bennion r The Roosevelt Bank last Monday I failed to open Its doors David Bennion Bennion Benn- Benn ion lon cashier on Saturday went to I Salt Lake on business connected J with the the institution and on Monday he telephoned In 10 not to open Monday up V up 1 The report today is 18 that a now organization or or- will at once be ready teady or-I or to take care o of the current busness business It Itis itis is believed that all aU the depositors I will be paid in full In the very near future Owen Bennion president of the Roosevelt Banking company who I was in Myton yesterday afternoon was asked for an Interview He said in substance Loans made I during an era of business expansion I were hard to get In when money tightened up The borrows who had hadd had been heavily Investing continued to todo todo todo do so Instead of ot paying their debts The result Is ia what you know I feel sure that the depositors will be taken 1 I j Jr care of o. t v 4 O |