Show half the money pledged to reopen re open local bank good security offered for another aleven thousand only seven thousand not accounted for much spends on whether we can borrow on our security COMMITTEE TO GO TO SALT LAKE CITY FOR FOB tabulation of if returns from an incomplete canvass of 0 stockholders of the bank of iron county ly by tile the committee thursday night revealed hit more inore than fill cash or nearly halt half the amount necessary to T re la Is pledged by stockholders and that good security is ii offered by others for an additional making a total of twenty eight thousand dollars which stockholders are willing to raise quite a number ot of individuals owning the remaining seven hund iid shares representing have not been heard from and a few have indicated that they will te unable to do anything much is dependent therefore 0 on it whether v money can be borrowed on the kind hind of security that is offered ott ered mostly livestock and real estate to ascertain whether money can be vo 0 o obtained a motion was made in the meeting thursday night that ahn bank board send a committee to salt lake city and else elsewhere villere it thoy cleem it necessary to see it money can be procured either on this security or otherwise the committee has not yet been named however and it Is possible that they will not go until there is something more cle torfin finite ite concerning pre 0 ident H honors 00 I 1 reconstruction measure which congress lias has already bosq an escil 1 and which may provide some boyno relief relict A partial calv ss as of 0 people in this end 0 of the county who are not stock holders has been made to see how much can be raised in fit that manner but since the canvass 14 1 4 not complete no report Is available in the meantime mean timp liquidation Is I 1 in n progress by the state banking department part ment borrowers have been notified to this effect and that they must pay their indebtedness or come in and make arrangements for or 1 it I to be carried for or a time A tur therl step toward liquidation is the offsetting of debts and deposits depositors D 7 po are being notified that their deposits have been applied on their indebtedness or on notes which they have signed with others in case ot of failure to reopen re open which incidentally have to lc be done by any ank set time as we under stand it stockholders will be called upon to raise an amount of money equal to the par value of stock tor for the benefit of depositors po the same amount would re open the banks if raised to prevent liquidation |