Millard County Chronicle | 1933-08-24 | Page 1 | Biggest Failure in Utah

bigga SI I 1 III URL IN ul UI III the people thought the failure of the deseret savings bank was pret ty big involving something like six millions dollars but last week came the failure of the western building boan loan at twenty six millions the institution was operating in several states with loans in all more or less stagnant and in the present publicity of help from the home loan bank a great many contracts simi ly ir failed to pay at all any sum j while waiting for that relief to be gin functioning the company had a few loans in delta on some of which they lost and also a few savings depositors it is of course too earl to say what the company will pay out but it is quite reasonable to assume that the ultimate shrinkage III be considerable