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Show )ositors Sell Bank Interests For Forty Cents on Dollar w of the Bank of Ameri-: Ameri-: unanimously to dis- assets in this closed ta-forty ta-forty cents on the dol-the dol-the matter was presented lbv the depositors commit-, commit-, 'evening at the city hall. Chadwick made the motorize mo-torize the depositors I to accept the forty cent with William Startup seconding and the entire f voting yea. rwolidated Holding Corn-Silt Corn-Silt Lake City with Julian ,s buyer, is making the of-te of-te depositors. -sting opened with coin-airman, coin-airman, Wan-en Anderson, t and announcing toe pur-jie pur-jie meeting. F.Shelley, secretary of the iee, made a verbal report on 3k situation since the com-1 18 named. He pointed out j expense of liquidating the i the institution by the Siting Department had run KB per month and in spite protests and suggestions this J not been cut. M that a federal loan thru Je depositors had hoped to likiantial dividend some over jtefc had failed and the de-bad de-bad been disappointed in but one dividend and that :fire percent. to stated that the banking nt officials stated there e no dividend his fall unless il loan on the assets could si He stated that under ipian which the committee udy pledged to put over if tie depositors would re-percent. re-percent. u Anderson announced 2i Commissioner Starley mated that the amount of a tan would likely be cut as 1120,000 which would allow id of but twenty-five cents ipositors. to stated at the meeting ammittee had up to that ltd deposits totaling $275,-peements $275,-peements selling their in-l in-l the institution, beginning of the meeting staderson read a telegram Street asking for the privi-asmining privi-asmining the assets and on them. He made no 5 onthis offer and no f urth-totion urth-totion was given it. istion of what effect the f ownership of the institu-f institu-f have on the sheepmen I ? financed thru the bank 'wl by Mr. Anderson in manner he quoting -Mr. mVs making this statement w sheepmen. ' tave sheepmen who M run sheep I will give 'J money on which to op-1 op-1 balance their herds for 14 of American Fork first 6 15, 1932, and opened M year and again '1833, since which time under the direction of 58 Department. One A wepercent was paid in to a report sub-; sub-; ,Ut eovernor this spring 0 and the receipts jlW rentals totaled r funds received from ClgT to rePay the luch amounted to "me the bank closed f, "now been reduced to S Warren P. Anderson, , :W succeeded in get-C get-C "P to Way upwards "Percent. |