Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1907-12-14
80, so5. 384.51 Is the Total De-
,osits Of Her Leading Twelve
gio Financial institutions.
rlcorlnrs show an Increase
over Last Year of
so.ai2,oi3 50.
Surplus HAS INCREASED
=, Along the line Are Evidences
r,,t western Banks Have Been
supplying the East With
FUNDS.

- TRING the past year. the banks
of this city have taken good
care Of their patrons. and as
- a rule money rates have been
,.,.r than IN New York City. De-
,ss.s increased up TO Nov. /. I'm all
m the banks. and particularly savings
ssooslts. showing that the laboring
,rsses here were putting their money
m DE savings bank instead Of specu-
7tng in stocks. This Is in marked
contrast with the experiences OF a
scar ago when il seemed as though
q local public was prone to plunge
Oh mining stock speculation. Bank
officials report that comparatively few
iral firms have borrowed heavily from
he banks. there being money enough
,omset demands for all legitimate pur-
roas Bankers have oxerted them
selves b provide for all home business
Enterprises worthy Of support The
surplus and in Instances, capital Of
banks have been increased over last
yare figures The recent financial
trouble has tended to make people
more conservative. and less likely TO
Indulge 10 speculation.
The salt Lake banks are in strong
condition generally. and many vest
m banks have been purchasing the
best commercial paper. thus becoming
Iaaors to eastern hanks rather than
Borrowers.
CASHIERS CHECKS SYSTEM.
Following the lead Of the greater
money ce1tors Of the country. the salt
Lake banks. members Of the clearing
house. adopted the cashiers check
NFiem as the best way out Of the
emergency caused by the shortage I'm
currency The device has accomplish
Id ..a purpose nlling the vacancy. and
.'Ucaeinr the wheels Of trade" so
there was no panic. no runs on the
ben ks and NO special excitement
Farug fulfilled its mission. these
Clechs win shortly be retired, as the
banks are now practically ready TO
fesume cash payments as soon as the
Nc" York financial institutions re-
fnre operations on a cash basis But
o17s here say II will be impossible
Z do this here until New York. the
isncIal heart OF the country. has
'.n '5e Initiative According to the
at bank statements the situation
Improving and is bound 70 continue
improve, and with the return OF
rt-,act confidence the stringencies OF
D. past 10 weeks will exist only as
nemory.
SIGNS OF PROSPERITY.
Several events Of note have happen
p n salt Lake banking circles the
r-st year. The salt Lake Security &.
Trust company has expended $4,000
b remodeling its office interior. the
Special feature being the massive mar
le staircase and surroundings that
would DO credit TO any one OF the great
EASTERN institutions, and the instaIla-
iIon Of a costly and valuable safety de-
post vault system.
HANDSOME NEW QUARTERS.
The Commercial National bank has
'amoyed from the close crampod
quarters It has so long occupied IN
Pie corner apartment I'm the CONNER
.d building 10 the far roomicr ana
bore convenient quarters Immediately
ODE west In the same building. for
-erly occupied by George Muuctt.
who're $4,000 was expended 20 very
taod purpose IN installing a new and
egant banking room, with greatly
npIoysd vault and safety deposit IA
aihos and giving the largest lobby ~
'a} bank in the state.
NEW LANDMARK.
Iho Utah Savings & Trust company.
% lhe first OF the month. moved from
me location Sc had so long occupied
PORN ~ the Auerbach building on
Vain street, TO the palatial new seven
Tory edihce which the bank itself
\ hn j. DAILY. and the r. p Ferry
State had erected on the east side
N h' block below. and which IS one
IN ORE landmarks Of the city. This
I'Wr commercial home cost $780,
.0' aHa che fixtures and furnishings
H ie bank $4,000 moro. II o.
toIi n.t only 20 the city, but 10 the
'.'' Tho banking apartments are
''Aa Boo white Italian marbles. bronze.
mahogany ana French plate glass.
"'h specially arranged safety de-
aroommodations and massive
'..''. The institution is the object
n..t favorable and complimentary
hl. of every one VINO visits it.
BRANCH AT GARFIELD.
!no Old time banking house OF w.
N.0auich established "a branch at
'-' Id carly in the year whore tho
Development On shelter ana
building brought there a good
population which called for
'''HF facilities. The now branch
IMPLY wet am the wants ana PEE