Show OPEN LETTER TO TIlE THE PUBLIC U LIO Roosevelt August 1920 Respectfully submitted to our our fellow citizens On account of the stringency of the mone money market and of oC the inability ina Inn inability of patrons of the Roosevelt Banking company who had been accommodated accommodated accommodated ac ac- ac- ac with loans already matured matured matured ma ma- not being able to take up their paper it was found necessary on the part of the officials om als of this bank to suspend business Soon after this lamentable condition condition condi condi- tion was known b by the public rc re- re citizens citizens in and around Roosevelt assembled in sympathetic consideration t for r those thos affected by it and for the purpose of oC dl discussing the question as ns to what best beat to be done e Suggestive and encouraging sentiments sentiments sentiments senti senti- ments having at once come from state of officials leading business men men of Salt Lake City Grand Grand' Junction and from various parts of the Uintah basin recommending the founding oCa of oC ofa ofa a new ne bank hank and the sentiments of those present being harmonious there therewith it was unanimously decided decided ed to take steps looking to its accomplishment ac ac ac- Wm Vm H. H Smart was appointed a committeeman with power to call Ball to his aid such assistance as ns he desired desir desir- ed whereupon he named as an organization organization organization or or- committee In connection with himself 1 Owen Bennion Mt It Emmons Don B. B Colton Vernal James C. C Hacking Lapoint Fredrick Fredrick Fredrick Fred Fred- rick S. S Musser 1 My Myton ton Byron Dyron Q p. p Colton Colton Col- Col ton Ft Duchesne Ephraim Lambert Lambert Lam Lam- cOI 1 bert Ed F. F Harmston J. J Austin Pack Elroy Elroi Wilkins John W. W Calloway Galloway Galloway Gal Cal loway Ernest H. H Burgess and Xavier Bellon of Roosevelt This committee commit commit- tee tae met and organized with Wm H. H Smart chairman and Ernest H. H Burgess Burgess Bur Bur- gess secretary appointed subcommittees subcommittees subcommittees and immediately proceeded to action Stock is being subscribed for tor by conservative representatives citizens In Salt Lake City Grand Junction all sections of the Uintah basin articles articles articles ar ar- of oC incorporation are being formed and all things going forward toward the opening of Roosevelt State Bank on Monday morning I G. G r I Sufficient assels 01 the Roosevelt I Banking company are being taken I over by the new bank to protect all I the depositors of ot the former fu in full I And while commending the depositors depositors tors for tor their cool patience during this financial distressing period of I readjustment we recommend that they so continue and that upon the opening of the new bank w which Is Isto Isto isto to assist them to save their deposits that the they will see the wisdom and equity In continuing their deposits with the new bank so as to aid in strengthening it in its commence commence- ment went We assure the depositors of ot the theold theold old bank and the prospective e depositors depositors depo l- l tors and stockholders of Roosevelt State Bank that every precaution is being and will be taken to insure a safe institution We Te cannot conclude this communication communication cation catlon without expressing our deep appreciation to the state officials officials and to the public at large Jarge for their sympathetic helpfulness And we especially express our deep gratitude gratitude gratitude tude to the banks b. of the basin in extending extending extending ex ex- tending courtesies to the patrons patroM o of the former Roosevelt Banking company company com com- pany panr and to the citizens generally in inthe inthe inthe the Roosevelt section during this Interim o of the absence of local commercial commercial commercial com com- mercial exchange Trusting that this new creation that Is just coming Into life liCe will be welcomed by her sister institutions in the basin and that she shall be beso beso beso so c conducted as to merit their respect respect respect re re- re- re and the confidence of the public public public pub pub- lic Ver Very respectfully yours Organizing Committee Roosevelt Roose State Bank By Wm H. H Smart |