Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1899-06-01
Declaration Of George Y, Wallace
as to the Utah National.
INTERVIEW WITH CHAPMAN
says the right u uotween sioekhoid-
crs and Comptroller Latter calls
a special Meeting nsnk safe.

W. AlNA y" NNANN flNNN NNNMNNN wv
dirutur and shareholders 81 the Utah
National and mo apparent deter
mlnation of the latter "a take matters
into their own hands and act independ-
entity In accordance with notice sent
1ut.f0r a special meeting By commit
ieo representing the shareholder The
notice for the meeting o. alELcd hy
deorsc Y. wnilhcc. \. n. sawyer. AloN'
Rogers and j.. T.. Lynch. after whose
names appears the word shareholders.
The notice u nH follows
- mrt tius ~ tho stockholders Of the
itlah National hank u Salt bake cts
IN hereby called In accordnr With
article % "rhc Articles oitAsaocia-
tdu" thereof. TO consider the aucailln
N paying tho nfHoasmcnt on thc stock
II aid bank. ordered to be- paid hy tho
comptroller OF the cgffoncy on June Is.
1879. o. Tor arrhfng oihorwiae. Cor
The liquidation N 'tlk,.spia'lenEa LA
bnluoa. = ssr
'-rhls meeting viii b. held NJ 2
o'clock y. M. June %. 1879. IN the III
rcctora' room of raid bank"
A News" man interviewed some of
the parties concerned nrat talking With
Cashier Rabould. who was aHkti 40
the shareholders really coniempiaigt
taking the action lndicfit1 n tho eau. F.
The reply was guarded ana ilpianailp
being couchcd In the foilavlrG 49,
guagc. The atogknHldefs1iAy ~ Ticy
have that flsht1f hoy car,|. y ~ M. 1
else Il. Thrcr nnarrholdcfs ~ fulu-
Client 70 htinr air1at such. 4 nrl1 l4F,~
nni ~ 70 ne eos iieif r'i|l M 3, .
Mr cblpman. 1he pfeup,e v. -
bank" 4t
srArEmNT ny AR. did4lly.
Mr chlpman wa- f1und ls'h,t A.
npd asked ~ 10 ihofnsfijlcil ec.jfhs|i
sSS,", ~. \, se 'fss ~ M ~. " ". "
D. something for the Htockholdurr 90
settle nmour themselves The state
mont which appeared in this mornings
Herald u full ~ mistakes and has been
given out hy some ono who DOESN'T
know what be- ~ talking about ur who
d0n't care % state the ease fairly
you hrH aware. are you not. Mr.
Chiumnn. that some uf the shareholders
are anxious 30 have the bank wind up
itH Affairs ana $50 out N hurinrnHf'
$50. ! don't know that thoy are
"lu thcrv any reason why the bank
should duitT'
"Nonc that ! know o."
You arc Ia favor VI keeping u GO
inrf"
q believe that "a the best ,hIns Tor
tho Htnckhuldcfa"
Your last monthly statement was
ratHfaCiofyT'
20 yes
why are the stockholders working
10 W'n d % the banks nnaiuf'
- don't know anything about that
10 10 nH have said something that lic-
entirely between them and the comp
tfollcr who directs the Affairs of an
national banks"
ibid tho Jones Stout shooting scan
dnl have anything 60 do with creating
tho present condition ~ nffaiuf'
y don't know-t can't say a. 90
that"
"lf tho shareholders succeed In car
rylug their point. the bank viii 20 out
VI business with col0rH nYng-with
plenty 0f assets win ID notF'
The official statement no shows"
How many shares nrc necessary 20
bring about n llquidution-th H. how
many viii have tn be voted II llqulda-
ton o. determined upnn9'
THE law says two-thirda"
You Hro entirely Ignorant of the COM
tomplnied action of the atockh0lder'
u don't know anything at all about
o. The faction that nigned the call for
the nesting are not patrons OF tho
bank"
They were formerly"
"Not % any extent They may have
been years ago, but not recently We
know nothing whatever of their lnten-
lions and are not mixed up with them
IN anyway, We shall follow tho dicln-
tons ~ tho department and are not
interested ln what they do"
Does not this proposed meeting In
terrHt ynuf'
ton has been started for the express
purpose OF hurting uF ~ has not hurt
{ uH this morning hut N II u kupt uu
1opuHitnrH viii got frightened and %
VIII hurt. ! don't believe In pnradluE
this before tho public II Is @ private
except pa Ear nH the dop0ItnfH are
concerned nut statements have been
made nnd one statement calls out an-
other; and that N the way II goes. Now
|, someone VIII want 90 make n statement
IN answer 90 mine ana thoro VIII ho no
end 10 the contention. don't think the
public has amy right In tho anair AZ
an"
WALLACE FOR LIQUIDATION
Mr.. wallace whom interviewed nald
frankly ana without qualification ~
think the bank should 70 into liqulda-
ton"
you mean by that. said the News"
man interrogatlyoly. that the inalltu-
tlou should 20 out NJ bualnesa7"
Certainly. That "a what I always
have contrndod-thnt ~ over since last
August when I lcft the board That Or
the ensleHt way out N the difficulty.
I would rather pay an assessment now
ana got rld ~ q than take care of tho
pronerty afterwards.
"Y0u are quite heavily Interested IN
the institution, arc you uotf'
"No; J nm not. I 10 not own nearly
az much stock m quoted by n morning
paper. ! simply hold twelve aud Il half
shares ana not nfty nH reported"
Mr.. Wallace here said that no had
given hla Views ana that he cared 10
say nothing moro on the matter for
publication.
No ONE WOULD LOSE.
II IL Yssv evident shat should there