Show FIRST 20 2 OT anniversary ADVERSARY last marked the th expiration of banks original nall charter NEW CHARTER GRANTED interesting sketch of park city sturdy financial institution broad smiles and a general air of satisfaction have been in evidence at the first national dank all of this week the reason is that on Afo monday aday the seventeenth they celebrated the twentieth anniversary of the banks existence and received irom from the government a new charter authorizing the bank to continue its business for another twenty fuenty year period As most of 0 our readers know national banks are regulated and controlled by an official of the treasury department at was washington abington whose title is comptroller ot of the currency no bank can call call itself a national 1 bank ark and do business as such without the special authorization of the comptrollers department and his bis permission to begin bus business is only granted after a thorough invest gaion the comptroller ats under him a large force of dorks and examiners whose chose principal duty it is to keep in such close touch with Nat nations ioni danks banks all over the united states as to nuke make it very difficult for mismanagement eilent or wrong doing to occur in any of thoss those banks without the fact coming to the knowledge of the government the department accomplishes this by requiring that each bank submit a sworn statement of its assets and diab liabilities at least five times s each year at totes scle selected etEd by the tha comptroller and in addition each bank is examined mined two or more times each lear by the government office als appointed tor for that purpose and generally chosen from the ranks 0 of the ahe banking profession I 1 II 11 is this close connection with the Govern government meni which distinguishes a national bank from all others the life of a national dank bank is limited to twenty years though its charter may be ba extended tor for another twenty years it if the comptroller do before such a an U sees tit fit to so extension he generally requires an unusually thorough examination or several of them but occasionally this is daiv waived ed it I 1 is worth while tor for those of our readers who mho deposit bleir money with the first national dank bank to know that its affairs hive have been handled in such a clean ick lr ir cut ut manner that ro no special exam nation was required ol of them mr air harrison Harris cn told the record that hi tas as especially pleased t this mi tal lal mork mark of 0 8 approval and that banks in good standi ul ald ibid known aich had been examined as in jj as five times before the exi n of the charter was allowed i latou that while it ip ils not any di lee ice for tor forso so many eu Id nations 0 0 LAred for or abe comptrollers ament is very strict yat he hat halt the waiving of is special echal ox ex otoji was a arrs ve 5 gortat art hl couill to the docil institution 1 i 3 histon histo ot of the park divides it sill aill naturally natu rilly ily into tour foar periods the ira being the prospecting period if d the onta so period when I 1 yas nas the only mine ot of worth in th thi ip vily daly n th tb 00 0 rio IN wl INA A declining and th b do BI pi p iner ties in IB the west wel eif 01 0 trig ins it ailred tori foor the 9 rz 1311 T r daly west daly latec no r ill nail of ilie officers ot of he be in i a vivid reminder of 0 tb ti 1 st wo spectacular periods WIL ti n t bih bi ih opened for business 3 I 1 i it had tor for its s S ashalm then t to ie hant of the als aits f v broad gauged well I 1 rm d TO in it its TV V r mt VI II J i s uly P lv whose 11 14 ess a r I 1 1 ni nan 11 mid boidi 1 n ril rii or of t nee ati 91 fr fir t asber P r was wag n J K i n alf all asker abi h I 1 r i ph h fourd in trl a uriel tor for S t S tt a r 1 for r n aly a tr ir a d ph hi 11 ir lot san m m ht hi or r it had been a notable year for the park the ontario had been discovered just twenty years before its dividend record was now CoPl co completed eted it was the year of making of 0 the anchor of 0 the completion of the Alli alliance aLice drain tunnel and of 0 the daly no 2 shaft and equipment and ot of the real beginning of the rise of the west end of tire the camp mr air ascheim was succeeded by the ville e president J J daly the tha vice presidency was mas filled by 0 J salisbury and at the tha same time the growing business of the bank made necessary the election of J 11 deming ai as assistant cashier no changes were made until 1898 six years later ahen ft hen thomas kearns succeeded mr air salisbury as vice president those intermediate years saw the panic of 1893 through which the new bank successfully passed locally they witnessed the rise and tall fall of many minor bark park properties and june of 1898 saw the big fire a catastrophe which will not be soon forgotten by Par kites but at least it allowed the park paik to prove its vitality by the rapidity which it rebuilt and the dank bank did vs share by the erection of the good building which it still occupies in amoth r year on february 10 IS 18 il yi vi NN V V i in w became prest president succeeding mr daly wid and on the same dite dale mr air deming retired from rom the assistant Cashier ship and the post was unfilled for tour four years abbit th s time mr air kenyons death mide vacant the which was filled by the election of IV W Armst trong a native of kansas who had ben for some years living in utah and at that particular time in ili sale lake city ile he at once took up his new duties and has like the pres ant and vice president held hs his post ever since mr rice after one year of service as president was followed by robert harkness who was in turn followed in a little less thin than two years by david keith who mho is still the president in 1900 mr air kearns had been succeeded as vice president by W IV chisholm who was followed by simon bamberger bambarger in 1901 then on january 20 1902 al also s 0 the date ol of mr air election as president mr kearns was re elected vice president no further change has occurred in either position so that each of these two men his has thus continued in his post for nearly halt half the life of the bank and longer than any acy of his predecessors while these changes in the bank were in in progress occurred the worl won drbul rise of the quincy interesting yet because it was the most spectacular thing the park has seen merely a good prospect in ili the first halt ot of 1901 by the end ot of that year it had paid in ili dividends and tor for a short time had sent out a greater tonnage than any othar mine in the camp the ore carrying extraordinary values the ord only changes which have been made in the bank siner sine have been in the assistant cashier ship toward the end rf 1903 this position was again agai in fillet after its long vacancy by the election of charts charls heath another ex had bern been in the bank practically its organization and whose per popularity and I 1 nade made him the best possible choice for the position not very after chii thib mr lArn song rong removed salt lake lahs city to better handle basin business iss and since that ali time e lia adling zilling of oT local affairs aas u as partly in m the hands hand of the ars cs x hf r mr mn stuart park pair city lo 10 take up the th a slip imp of the yakima valley bank norai yakima ya triina washington ripa blips who had bad a urge birge experience as a country lanker was in ills placy place this was in the of 1 1101 an acht br b r wr wp vears rears follow 1 I J mr air cifes fifes was as chosen as cash lier ler of 0 the first national bank of ply fly nevada and when he left ta assume lis his rie new w nobilities ho h was z succeeded by 0 W V allen alien in r 1907 mr allen allec wis WILE from rom iowa with E a ions ex in wh both city and couri bans too s and aid hid ben been b en with Ws bank tor for a year iove olits to his election to the Cas like lilg ills prod ce arrs mr allen was very successful in hs a of T 1 1 biks affairs af fars fafro and ore OHE t i irn ir cod i fal hid had aspel ho 1 ir r 10 to b TP of th ln nit cop nor TIP tark or of alt lle lile ll e ili nr mr arma birr iq f pi P i irn in ad yr r il 1 ct i ih IN r INT tr ili he 0 o it aar ar mt 1 a x n h 7 IT T r in n r to ho he I 1 vic fie pr mi ill intini ingrim b ni I 1 park cites superiority over hobt camps jn pei mancy nal st abilAy is interestingly illustrated iby by the tact fact that Ina many lity of its first customers are still here the oldest still in the paik la Is Oliv fer wier alak who made his big first deposit very soon boon after the doors mgr ei cid r business trach tr auh ari and w and wm win archibald wire re not many days day blind him thoo who like to watch taw tl development ot of utah as a whole wit I 1 be interested to 0 o remember tha thack twenty years ago palk pail city wasa was the only banking pint in ID and dimmit Coun counties tips from ti maito alin the of new at Coli co rille hebr and barrins has barite witness to the we ih of 0 the portiah oh I 1 of ali hse h se coi rits wh wb tl i r mir i bif t tw fw i ir por arr d in 11 II 1 i in rs os ITI in ind 11 po tivit tant a thi th atil twonia hp ave L 1 bf sn in c n 0 1 b ue ne 1 I 1 but no on who ln in s far icv rita would ture to siy aay that her good days fre past there are changes elanges already in n sight which walh promise much for the belt twenty years of 0 the life i i 4 town own an and d bank I 1 not the least important or t an it of these Is the improvement in a dry farrial n methods chich I 1 likes possible p the use ol of ahe rich hi hausli lands about a b 0 u t baic bpi 4 1 rd bars ra it probable h ala fi h k city will wiil ann he conter center 1 ot of a farming farmin cirlot dir let lot in ID a riv that no one oce have dared eay a few years ago for nearly ten en years the directors oe the be batik have been david kith t kearns W V TZ I 1 lynnr m rull and W V W 1 i 1 there are no i nai hat ic e b t r kio biorn urit in park 05 mil n rr ne rf im ib tiny arp are hoai hold words 1111 iiri i 1 nr ill ih in lins liis ben been d for tron ti tt TI t th ill v vr v ir I 1 r i ill ih a aa it 11 i 1 si in hr hi st 1 r il i l hir hiir contin neil presence in t P dir r ir r te le ol of t tp P piro fril carl iorii al aj k 1 a a i guaranty gita I 1 its solidity and safety |