Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1906-12-15
DEPOSITS GAIN EIGHT MILLION
Many Local Needs Supplied by Local
BanlSs for the First Tlmc--licc0rd
OF surplus, Deposits Loans
And Inv, stmcnts.

dlcation Of the prosperity when sur
rounds, pervadeg and buoys the local
business public with hope Tor even
better year In 1907
The agricultural ana mining deyel-
opment throughout Utah and the west,
the great sugar beet industry pouring
It's cornucopias Of money into the
hands Of the farmers. the railroad ana
smelter building, the farm, garden ana
livestock industries, the unusual actlN-
ity In residence construction. the eN-
tenslye municipal improvements, have
all been factors In contributing to the
volume OF bank cleurlngs, deposits anu
leans. II Is gratifying fact that the
sugar factories thus year secured from
banks at home practically an the funds
needed 10 pay Tor theIr beets WINE
hitherto such an accomplishment wouid
have been denacd as imposslUe Witn-
out material aid from eastern money
eenters. Indeed, It may be sald tnat
local banks have been able to supply
the local uemanus IN every held ol M
dustrial activity with tne exception per-
haps OF the realiy big minnis ana rear
estate TRANSACTIONS wnich OF course
have been nnanced In various osner
ways incudng bonalng, s,och suDscfip-
tions ana nedyy eastern loans.
McCurnlch u Company continue TO
lead as the biggest BANK between Den
yer and the racine coast, Dotn IN Nol-
une OF business transacted ana mag
nltude OF eeposits. Durlng tue year
they nave Increased from SIIO1,lil.os 10
ys,2l,t5l. 1ney commune 10 nandle
tne puiK OF tli4 ore ana bullion re-
ceipts OF the vahey smeilels ana these,
together WIN tie rallroaus, tne great
mning tompunies ana tne tnousana ana
one Utnet customers, lnclualnS mer-
chants anu banAers IN three or lUdr
statea, give TINS great institution
prestige ami stuuIlng that name OF
1t oasny the leader IN Tue local Daahns
world. Mr.. McCOrncK preAdes over
It's destiuies with the same ease and
nonchalance that characterized him a
quarter OF a century ago when he and
Frank Rlmball II. G. Whitney and Jo-
siah Barnett did all the business there
was to do aud quit promptly at 4
o'clock.
In volume Of trade and size Of de-
posts the second bank In the state IS
the National Bank OF the Republicp pre-
sided over by Mr.. Frank Knox. This
bank began It's career IN 1880 but its
really marvellous growth Is of shorter
duration It's deposits, which now APP
proximate s5,5OO,OOO, Include, govern
.ment, state and city deposits and a
clientele that reaches from the extrem-
, tiles OF Uiah out into all the surround
ing states.
The lions Savings Bank & Truss
company Is purely a savings instItu-
ton, whose wonderful deposits OF S4,-
72475l represent the accumulated saw
ings Of more than 10000 people. 1t has
ana deserves to have the uubounded
confidence of the people OF the state,
and is tower OF strength to the mass
es both depositors ana borrowers. Dur
Inn the wear change was made in IT'S
management, Mr.. Geo N cannon ro.
ttrlnc t,,,,n lie casbIershIp 10 engage in
amer octi,ities and ovapdo c yeebe
tor,,.,.l,, ,o,or,,,e,i bark exorinec
srcooodl,r Nm nr peeho hrinoe "a
M ns,itn,ion h,npiny evnerlenoe
,,rso.,.o,,sr, IA , h,rs,ross ohir,y
Sag,., $50, g...,,,,,,,, 80 ,o,, or a,
T., a.. Sa,,',nn M nn,
sooI Suu, NV, s 49, ' ,,ror ,,, ,r ~