Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1908-04-08


son as first vice president, and as
member of the board of directors: w.
W. Trimmer as assistant cashier.
designations Asked For--W. r.
adams us member of the board of di-
rcciorS. he having been removed from
membership ON the executive commit
tee today.
Burroughs Grantcd-A. G. Strong,
assistant cashier, for 30 days. begin
ming April Is; Q. b. Kelly, general
bookkecper. 30 days, beginning May 1.
After three months of work to UNI
cover some clue leading to positive evi.
dence as to the guilty party in the
Utah National bank robbery. the board
OF directors today took action in the
case by releasing all those who We're
in positions of responsibility when the
robbery occurred, from active duty in
the bank. This move was decided upon
some time ago. as it was deemed the
most fair way to handle matters, pend
ing the development OF more evidence.
After the matter had been talked
over by the directors their feeling was
made known to the various parties in
volved. Mr.. Nelson Immediately hand
ed IN his resignation. Mr.. Adams was
requested TO do so by Mr., Mccormick
and refused; Mr.. Trimmer handed In
| his. and Mr.. Strong and Mr. Kelly ask
| ed for furloughs. Mr.. Adams, MI
Trimmer and Mr., Kelly were all for
merly of the National Bank of the Re
/
duced at the bank By Mr.. Adams. MI
Strong was in the bank before MI.
Adams came, and has been In its ser
vice for several years.
MR.. NELSON MADE STATEMENT.
When the board met this morning all
the directors were present except Capt.
Duncan Mcyichie, who is in Boston,
and ". F. Adams, whose absence was
not explained JOS Nelson handed In
his resignation, made statement con-
corning it and withdrew from the meet
ing. leaving the directors to discuss IL,
the other resignation, and The applica-
lions for furloughs.
There were present at the meeting
w. :. Mccormick. O. F. Miller, 4. X.
Cutler. J. p Gardner Jas Chapman
/ w. FITZGERALD. Rodney 7. Badger
and John Henry Smith, Capt. McVichie
the Other member Of the board. being
in the east.
After the meeting was over President
Mccormick when asked for statement
of the proceedings, said that the resie-
nations of Mr.. Nelson and Mr. Trimmer
had been accepted. and that Mr.
strong and Mr.. Kelly had been given
furloughs. while MI. Adams had re-
fused 10 send I'm his resignation when
requested to do so lie had not been
removed because IT requires stock
holders meeting 10 accomplish this re-
suit.
SPECIAL. MEETING DUE
O. p. Miller of the directors said that
unless Mr.. Adams saw 1T to hand in
the resignation, special meeting of
the stockholders would be called. If
this was found TO be legal and II not
tho resignation would be called for at
the next regular meeting OF stockhold-
ers
Mr. Adams has been acting ls one Of
the executive committee of the bank IN
conjunction with Mr. Mccormick and
Mr. cutler. Tho board this morning
decided to rolieve him from his duties
as member OF the executive commit
tee His successor has not yet been
Eamed by President Mccormick.
UNANIMOUSLY ADOPTED.
A motion was unanimously adopted
! that the secretary should write Mr.
Adams, requesting him to reconsider
his determination not to resign. Mr..
Adams stand is said TO be that a res
isnatlon at this time would be to go
ont under a cloud and that as an in
nocept man. he refused 10 put himself
IN that attitude
| Cashier Badger said today that the
places Occupied tY Mr.. strong. Mr..
/ Trimmer and Mr.. Kelly has not yer
been iiled, but the two first would re-
main on duty until the 18TH inst and
| Mr.. Kelly would MOI leave until May
! j. The order OF The day would bo re-
/ trenchment all along the line. and q
! considerable saving would be effected
/ by the changes made. and those I'm con-
! compilation
! The board had already decided 10
/ withhold payment 81 tho regular div-
| dend due March 3l. while II had been
| more than earned tie officers say IL
| was deemed the part of consorvatian
/ 10 add tho earninEs 10 tho undivided
profile account
/ Nh. Nelson, MI Adams, Mr. Triln-
mer and Mr. strong were in positions
/ OF executive responsibility While Mr.
/ kolly's position as bookSeeper gayn
him no access To tue combinations. In
the Investigations he has not figured
az prominently as the other men and
his leave OF absence IL certainly unoon-
nected with the CAUSES mat brought
about the retirement Of the others.
Cashier Badger stated inns afternoon
thai a was possible that both Mr. Kelly
ana Afr. strong would return TO tho
bank al the expiration OF their fur
loughs. 50 far as present developments
were concerned. Tney are both reless-
~ On mil nav .snn rho 30 QayS. -