Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1908-12-19
Utah's Great Financial Institution
Reaches Its Thirty
Fifth Year.
HAS HAD $4,000 ACCOUNTS
zion's s. Il. q II. Co. Will Ir,angnrute7
Active Campaign FOR Trust Dept.
Will the Coming Year.
year 1905 marks the thirty
fifth anniversary Of zion's Saw

rE--l II l.. year 1908 marks the thirty
fifth anniversary of zion's Saw
ing Bank x Trust company.
With the deposits past the S5,-
00o 900 mark and the company's stock
selling on the market at $500 per share
dhs par value being 5000 it IS evident
that the institution is more firmly en-
trenchcd than ever in public confidence.
Tie opening OF the year 1908 will Wit
ness an era of new activity on the part
Of tho bank, particularly iii the diree
ton Of pushing the trust department.
While the bank has for many years
borne tile tile OF niou's Savings Ranis
" Trust company, the features of the
trust department have not been gen
! orally understood or Appreciated Ivy
the public. In the east. trust institu
tipns occupy a most important position
in the life OF the community, and vita
The advance in business in The west
tie directors Of this institution feel
thut there are equal opportunities licie.
\ circular lately issued to the pat
rons over the signature OF the presi-
dent of The bank, Joseph Il, Smith. in
| regard 10 ths subject, contains the fol-
lowing inlormatlon:
THE TRUST DEPARTMENT..
II was provided in the original at
ticles OF incorporation of Hion's Savings
Bank Il Trust company. as conditions
required to Offer the public the facii-
ties Of trust department. The OBJ
ject of this little leafet. therefore. is to
invite the attention OF our dcpositors
to this branch Of our business, i'll con-
nectlon With the savings department.
Many of our patrons desire To set
aside funds in trust for individuals, or
for special purposes, on they may have
property which they are unable to
handle to advantage, or money to in
vest which, through lack or proper
information, is sometimes lost i'll spec,1-
lation or unfortunate schemes. We not
lnfrequently hear OF depositors who
have withdrawn funds from the bank
for the purpose of Investing, who have
lost principal and interest and are thus
deprived OF the savings of years.
In acting as administrator, executor.
agent, trustee, or in any capacity in
which an individual may legally act, a.
trust company possesses the advantage
in permaucncy, strength, information,
safety and Dispatch
Any information desired on any OF
these subjects will be cheerlully given.
Tie management will esteem it favor
II Our patrons viii be free in taking
| advantage of any facilities which tho
bank may have to offer in its several
departments.
| FIF'TY-FOUR THOUSAND SAVINGS
ACCOUNTS.
The wonderful hold lions Savings
Bank e Trust company has on the pub
lie, is well evidenced by the fact that
since the bank began business 1T has
opened over $4,000 savings accounts, and
the amount Which is now annually dis
tributed to the depositors rs interest
on their savings, exceeds $4,000. The
bank accepts deposits in any amount
from 81 up and pays a per cent interest
annually compounded twice a year
When Zlon's Savings Bank x Trust
company WAS rounded in 1873, by PRESS
dent Brigham Young, the motive which
inspired its organization WAS not the
making OF money, SO much as to estah-a
lsh q strong and conservative nstitu-
ton in which patrons could place ther
money With safety and profit 1t was
also done to encourage habits o.. saving
ANA thrift among The people, and how
Well the bank has fulfilled its mission
is Well shown by its steady growth and
popularity.
The strength Of the institution is
Thoroughly illustrated hy it's latest Of
fetal statement filed with the secretary
Of state, the figures being as follows:
RESOURCES
Loans and discounts. -. $500 Sso.5a
Bonds. stocks, certificates,
ete..,,...a,.... .,-....,...... 79is52,9o
Banking house. furniture and
Fixtures .....,.,....,... i0o,0N0,lO
Real estate ...........5,t..... 9l,5oeS9
Dua from National
pn naahs From .'.; state S2iS'2iS,SS
CASH "aH1 o. hand... s Sc a5i.ss 77osssse
Total ..... s5.57o,sc5.so
LIABILITIES,
Capital stock s...........s 2o0ooo99
Sufnlus FUND ..,t.s.,...,.... 5Q,0O9go
Undivided profits ......,.... l60,lS9.a4
Deposits Observation-Disclosures. 5ld0196,76
Total .......... ............ $3.50 ,3G5.So
Tie officers and board of directors
OF ;he Hi0n's Savings Bank x Trust
company are among the leading men
in the community, the personnel being
as follows:
Joseph a smith. president.
Anthpn II Lund, vice president
o c, lieebe, cashier.
George $. Spencer, assistant cashier
Directnrs. Jnsenh Il. smith Anthem