| Show DELTA representative 0 A spent the week end with his people here mrs airs C P peppard mrs inez ill derkhill moore and mrs E L sit berstein left saturday tor for los angeles where ob they will spend some time visiting with relatives and friends W 11 II pace who returned htone altom last week from long beach cal has plans under way for organizing a bank here A meeting 0 of all the depositors po wll wit be called in the near future to consider the tal taking ing over of the asserts and liabilities of the idelta delta state bank by the proposed new organization the delta motor car company owned and operated by edwin balc brick ert for the past two years and which was closed some two weeks ago under attachments has been thrown in to bankruptcy according to estimates the liabilities are in excess ot of and visible assets very little after the place was closed it was learned that brickert had ab scon dede several days tor for parts un known and ana that mat prior to his departure had undertaken to mortgage or give bills ot of sale and assignments for everything he had and some things that he have to parties here and elsewhere who were near and dear to him ile he is now being sought by the sheriff but at present no definite information has been obtained as to his where 0 11 II A lawrence owner of the local power and light company last week purchased the plant of the los angeles molasses feed company and it Is hoped that it will be opened for business at an early date the feed plant was erected here over two years year ago at a cost of at more than and Is th ill ebest equipped plant in the state slate of utah and the only teed feed mill in in the state which has the 0 K of Cali Calif tornal feeders mr lawrence Is one ot of the most successful business men in ili mellard county having taken charge of 0 the local power and light company five years ago when it was on the rocks and developed it into a serviceable paying industry and the people here feel that it he opens the teed feed mill it will be a success and will add greatly to the prosperity of the farmers in this communist in the bank failure here there are ja a lot of things which cause ex depos igors to think and talk they say that the bank had been insolvent since 1920 and that it was really in letter better shape when closed than it had been for some time awl and also that the thet banking department took occasion to close it just when it was the most flushed with deposits so as to razz as many depositors as hard bard as possible also as soon as the doors of the bank were closed they say that a man from the federal feder al reserve bank came racing down here with all speed and dashed into the bank and picked up checks which had been stamped paid before and bad them protested and returned to the makers one check returned had been issued and put through a minnesota bank nearly a month before the bank closed then the town and chamber of commerce heads are worried terribly over the matter they say that the town had quite a pile of money in the bank and possibly the chamber of at commerce had bad a little and it is understood they count on importing an attorney to show how bow and why these two should bo be preferred claims over tile the common depositors there were 1740 depositors po po in the local bank and at least a majority of them need their adloney money as bad as town or the cham of commerce either |
