| Show FROM A subscriber the assignment or failure of the citizens bank THE will yon please state low it is possible for bank to foil in the city of not mention the fact I 1 see you of C SI assignee hence my question how did he become assignee Is it true that a dally and weekly paper such as THE be successfully muzzled A subscriber FOR 8 the manager was called to salt lake on business before receiving tho above communication but left instructions to look up tho matter referred rel erred to in the above letter and publish same in full it is only fair to say that THE STANDARD through tho urgent solicitation of prominent business nen consented to let the matter pass at the time as it was supposed to bo for the best interests of the city we have received several letters by mail from our foreign subscribers and have decided to give alie full details of the failure of the citizens Cili zens bank CITY EDITOR there is nothing in the papers filed to show the amount of liabilities or assets and the following in all of interest which can at present be secured the assignment deed executed on the da of december 1893 provides that the agreement between the citizens bank of ogden utah a corporation party of the first part and abas M brou eh of the same place party of the second part that whereas tha said party of the first part is indebted to divers persons in divers sums of money which by reason of the stringency of the money market hard tirades ti raes and inability to mako collections as well as difficulties and misfortunes lias become unable to pay and i is desirous 0 providing tor the payment of all its debts and liabilities by an assignment sign ment of all its property and effects for the purposes now this indenture wit that tha said party of the first part on condition of one dollar in liand paid by said party of the second part at the delivery of aliese presents receipt whereof is hereby confessed and acknowledged hath granted bargained sold and set over to eadd party of alie second part all properties securities etc the deed further elves full power to act and recover debts to apply on in etc and use convenient diligence etc to mr brooch as as ereneo and guither states that it was regularly and legally approved by over two thirds of the stockholders and is signed by newell beeman president theodore ilo bison as and chas M brough aa of second part or assignee and in presence of D evans as witness the assignment was made according to date of papers filed on dec 26 1893 but filing was not made until the ath day of january 1894 |
