Show BANK DECLARES FIFTEEN A fifteen per cent dividend was declared by the bank of iron county in accordance with the recommendation of its board ot of directors at the annual meeting of the stockholders on monday night ot of this week the report to the stockholder showed that the net earnings of 0 the 1 year including a refund ot of income tax fahe the government was a little in eicens elc ot of twenty per cent but it was thought advisable az cy t t to pay it all out in dividends the refund from tile the government N was as for or payment made at the time ot of the failure ot of the parowan carowan B mercantile when the government permit the pank bank to deduct the losses sustained sustain dil as a result ot of that failure through pers persistence istance on tile the part ot of the bank officials the department ot of internal revenue was finally made to see that the bank should have been allowed a deduction from their income tax payment for the year as a result of that loss so BO tile the payment was refunded with six per cent interest rental rental of the office e rooms above the bank also swelled the net income for the year to a very gratifying tig ure taking into consideration that stock in the bank is worth about two dollars for one bank officials point out that a fifteen per cent dividend is virtually only seven and one half per cent on the ho investment which is not at all excessive the same board of directors were elected for fop the coming year without any opposition the vote being by acclamation the directors are L N marsden clariden II if D bayles jos B dalton wm vat adams james 0 robinson john R robinson and thomas D adams 4 |