Show BANKING IN MILLARD CO the first bank in millard county was established in february 1907 with almon robison Rob lson president joshua greenwood vice president and rutus day cashier tho the directors were almon Ro balon joshua greenwood george W V nixon geo finlinson george alma george james alex melville and A A hin cilcy ackley A A hinckley did not qualify so T H pratt was chosen in his stead them bank was capitalized for 2 5 11 it opened its business in ula taj small room in the corner of the old court house houge rufus day dogleg all the work for the ar or two the ho bank got along wit houta typewriter or an adding machilig ma machine chilie and the cashier did all tile the work ork 4 the deposits the first day feb 4 1907 amounted to the first borrower of the bank Is today one of the largest and most outstanding men in millard county lie he borrowed feb 11 1907 five months after the bank opened it paid a dividend of 3 percent on par or and placed on surplus the total resources of the bank at the end of the first year were the following shows the total resources of the bank from the date it opened and to the present time feb ath 1907 feb 4 ath th 1908 feb ath 1609 1909 feb ath 1910 feb ath 1911 foil feb ath 1912 feb 4 ill 1913 feb 4 at ill h 1914 feb ath th 1915 feb ath 1916 feb ath 1917 feb ath 1918 1919 feb 4 ath th 1919 fel feb 4 ath th 1920 feu ae ll 11 ath 1931 1921 aeb feb 4 ath th 1922 feb fb ath 1923 feb ath 1924 feb ath 1925 feb 4 ath th 1926 feb ath 1927 feb 1928 feb ath 1929 feb 20 1929 the bank paid dividends five months after it started and since it opened it has paid a total of i per iler cen cent t ln in divid dividends edds to ta stockholders the past 5 years it has paid 20 per cent each year it has hag earned and set aside a surplus far in excess of 0 its capital Th eState bank of millard county and the state bank of salina are regarded the two best country banks in utah the bank was examined in december by lite state bank commissioner ot of utah and at that time he regarded its stock worth conservatively 2 9 per share it you will notice the bank stock quotations in the newspapers you will observe that only one bank in salt lake Is quoted above the value of this bank the bank now controls all of 0 the banking business of millard county as it is associated with the new bank at delta utah however the totals of the delta bank are not included in the figures shown in this statement the delta banks totals at high tide have been more than a quarter ot of a million dollars and the bank has only been running 8 months this bank has recently received a permit from the state banking department part ment of 0 utah to do a general trust business this feature of the banks service will be most valuable to the public As the bank will gladly cooperate with the public in ha handling d their investments hand handling ng their wills and trust deeds advising advis ng them hem with reference to the distribution of 0 their estates in contemplo lon lion of 0 death it is prepared to act as aa administrator receiver and trustee in making loans the bank has always considered its depositors first and has felt that it had no business speculating in wild cat loans at the expense of the depositors it it has appeared to bo be ultraconservative ultra conservative it has been done with the view of 0 keeping sate safe and safeguarding safe guarding its depositors money there are a few ew things ot of which tho the bank teela feels most proud lot the splendid class of people with whom it does business it you will nolle ethear record you will see that it has been unnecessary to take foreclosure proceedings against its ita borrowers except in tho the rarest instances not more than a half dozen since starting business 22 years ago 2nd and the loyal support which millard county Is giving to its home in lon the success 0 of the bank being due entirely to its good patrons the bank always reflects the condition ot of its people the undeveloped resources of 0 millard county are perhaps the greatest in utah the banks further progress and growth depend up on the development ot of its ita resources and this also depends upon the degree ot of pros prosperity ot of our people the bank recommends to its good people that each farmer scientifically handle as much arid land as Is possible dr peterson of the U A C says that the dry land wheat alone in millard county should bring hundreds ot of thousands of dollars to tile the county each year this la is not guess work as it has been positives i demonstrated in the driest years in history last year 40 bushels per I 1 I 1 acre were grown by alonzo george f ot of kanosh and by W it thompson s of 0 scipio we suggest that all the people find out how these men made such a remarkable success and to to follow their splendid example it if we will be determined to do these things millard countes Coun tys financial success Is assured and the banks growth will be reflected 80 percent ot of the fortunes made in the united states in the past 60 years have been from investments in real estate the bank teela feels that real estate will raise la in value and that it la is the best investment 0 our u r people can go into II if they will b but ailt properly cultivate it |