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Show . . . LOCAL DKI'OSITOUK OP Till: MKHCHANTH OIVK.V CIIANCK Contracts between depositor of the Merchant bank at Halt Lake City and those endeavoring to re-establish that Institution were sent out to depositor de-positor thl week. The contract contain tha term upon which It I hoped by those Instituting tho movement move-ment the liquid asset may be ordered transferred Xo thn new bank by order of the court to the receiver. Tho contract con-tract provide that 3t per cent of deposit de-posit be madn available thn day the bank reopen. In the form of bank book with drawing account to thl amount: 46 per cent of tha deposit, wilt bn given tho depositor In the form of time certificates, payable In six, twelve, and eighteen month, and which. It Is figured by those managing manag-ing the transfer, will be accepted by other city bank and thu bo Immediately Imme-diately convertible Into rash If the depositor de-positor so desire, and 30 per cent to be provided for by the liquidation of th slow asset of thn Merchants bank. There are several depositor of the institution at the coal ramps of Hiawatha, Hia-watha, Itlack Hawk and Mohrland, Moroni Helner, vice president of th United Htate Fuel company, being a director a It also A. II. A p per son, lately Identified with the coal company com-pany over south. |