The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1904-12-18
THREE MEETINGS
OF DEP0SITORS
Creditors Of SchettIer Bank
Will Discuss Action.
CHANGE FOR MORE ASSETS
LAWYER THINKS MORE REALTY
is TO BE FOUND.

A COMMITTEE OF the depositors in
~ the defunct, private bank Of &. II.
Schettler yesterday called two
meetings. one 70 be held in room y
Hooper & Eldredge building. 40 Main
street. at D. IN. tomorrow and the ether
at the same time and place Tuesday
evening The call will be found elsewhere
in this issue and il is desired by the
/ committee that everyone of the 200 or
more depOSitOrs attend both meetings.
About fifty of the depositOrs have
/ agreed TO employ. the law firm Of PAT
tersOn a. Meyer To look after their in
terests. c. W. Meyer. one OF the mem
bers Of this firm. safo last night;
Apparently the failure OF Schettler's
| private bank Is about the rottenest thing
CT its kind that has ever occurred I'm
| Salt Lake. but there is no reason for the
depositoFs to despair for there are assets
more than sufficient TO pay every dollar
Ct the banks Indebtedness and then
/ Leave some. But All taese assets are not
I scheduled. and they will have TO be
/ brought forth from. the places of their
/ C0ncealment. Through accident j discoV-
cred that Schettler he's been deciding away
real estate In certain localities in the
| state that \ believe. should have been in
! GUIDED in the visible assets Of the bank
( but were not. .-kt-is sometimes a convent
| ence TO have distant rela t1Ves and Obiig
! ing friends who -caa--b be induced TO hold
/ real estate @Bntil. the creditors stop de-
handing their money
! If the creditors will unite and IL their
/ case is JudiciOusiy managed, / will guar
! antee that their accounts will be paid
/ IN fun. But they must not listen to vague
/ promises Of what -Schettler will probably
/ dc for them in the distant future
Another Meeting TO Be Held.
| Another meeting. Of creditors of the
l Schettler- b8ak will be held in the law
I offices Of Kinney s. Wilson. 80 CONNER
/ eial block. tomorrow afternoon for the
I purpose of DECIDING epon a plan OF ac-
| ton. The report or the receiver did not
/ contain the names OF the creditors, the
/ hank books being referred TO by number
/ only and this has made II difficult for
/ creditors 20 locate each other.
( Some of the bank books in possession
OF clients Of Kinney a Wilson show that
4 deposits were accepted by the bank as
/ i%tc as May OF the present year. the
plonth in which Mr.. Schettler decided the
| brigham street property 10 members OF
I lis family. One OF the bank books be-
] longs TO woman who had deposited all
| her money in the institution. She sold
Ter home for Sl.700 and that amount. with
I some savings she had deposited from time
60 time. were on deposit in the bank at
| The time Of its closing. The woman has
Just been discharged from a hospital
where she had been in for a month.
Complete List Of Deposits.
Below viii be found a complete list OF
/ the deposits in the bank as shown by the
report made TO the district court by Re-
ceiver r. r. Anderson. IL will be noted
that in the savings account the names OF
( the deDositOrs are not given. only the
/ numbers of their bank books and the
amounts OF their credits. The publica-
ION Of the numbers and tho amounts
c'edited 10 them viii show those whose
books have not been balanced how much
IS owing to them from the bank
IL will be noted also by hose who will
Eerusc the lists OF depOsltors. both saw
-Dgs and temporary and subject 70 check
that there arc many small accounts. rep
reSeuttug the savings of poor men. w0-
men and children who doubtless fire.
qUently stinted themselves in order 10
lay by something for the future when
they might be sick, ont of employment or
through accident incapacitated from carr
ing living.
List Of Liabilities.
The following list shows the total sum:
Of money due to savings dep0sitors stand.
ing TO their credit on Oct. 49, 1904 dnclud.
ing interest that day., on e. r. Schst
tier 8 savings ledger &C, amounting L
500 81. 50: