Show first national bank opens I 1 it was with smiles aralles of f satisfaction and renewed confidence the news newa 0 of f the reopening of the first national bank was received monday last and th the bank Is now doing business as pleasing pleasing as ever and II if possible with greater greaud confidence than ever because of its great number of depositors and patrons there were no withdrawals by any of the depositors deposits being the big business bugl nes of the opening days by satisfied arid and contented depositors with the notice sent out to the patrons 0 the institution n tion was the following ex plan atlon a and nd statement which will provo prove of interest to our readers in general park city utah april 10 1933 to our depositors we are pleased to announce we have this day been authorized by the comptroller of the currency to reopen fo tor business following the recent bank holiday during the period of our inactivity additional strength has been added to the institution and we desire that you be informed of our banks present position which Is indicated by the attached statement of condition as of today As shown in the statement we now have on hand cash and government securities curit curi ties es of a total of 07 which Is 63 per cent of our entire deposits being fortified with such a high degree of liquidity wo we feel we may assure you of the sound position of our bank the license which has been issued to all banks which have been permitted to reopen by the government places an obligation on the active officers of the bank to meet the requirements of the proclamation of the president of the united states with regard to hoarding 0 of f m moneys 0 n e ys a and n d 1 in n vl view e w of th the e very y sat sails i fa factory ct 0 r y p position 0 sl ti 0 n 0 or f 0 our u r bank an k v we a ask the full operation cooperation co of our depositors in carrying out the presidents orders the present directors of our bank and responsible for the care or of its business are r as ra follows 11 lo weLan M G Heltz roan general superintendent silver king coalition mines company president and director M J dailey general manager sliver silver king coalition mines company director jerome paxton parton cashier and director dan B shields attorney at law salt lake director A C sullivan vice president walker bank trust company salt lake city director we have appreciated the operation cooperation co we have had from our depositors and earnestly hope for your continued support po rt respectfully yours JEROME PAXTON cashier statement of condition first national bank april 10 1933 assets cash on hand in federal reserve bank and due from banks B aks in reserve cities united U cited states government securities curi ties other bonds and securities 99 loans and discounts 69 federal reserve bank stock 2250 00 banking house furniture and fixtures total Ll liabilities abilities capital stock common preferred 00 00 surplus undivided profits reserve tor for depreciation demand deposits time deposits united states postal savings total |