Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1909-04-03
JORDAN STATE BANK
ISSUES A CIRCULAR
II Aimed TO ncoIrcct Impressions
Gained from Measurements i'm
General Circulation.

The following circular has been is
sued by the Jordan STATE bank with
the view OF correcting misetatements
concerning the banks affairs
To the stockholders and depositors
Of the Jordan state bank. and citizens
of Bingham Junction and vicinity
Al q meeting held by the directors
OF the Jordan state bank. a committee
was appointed to draft brief circular
setting forth some OF the facts connect
ed with the present uupleasantness ex-
listing In the banking situation at Bling
ham Junction, as much misrepresenta-
ton has been made and erroneous con-
illusions drWan. chiefly from "A misun-
derstanding Of the truth and partially
by wllful misstatements The facts
are that the State Bank OF Utah owns
and controls, absolutely and bona hde-
ly. at this time, "a controlling interest in
the Jordan state bank, and the direc-
tors representing this interest ON the
board have employed every means in
their power 10 prUpitiate and pHcifv the
minority interest. but so fan have been
unsuccessful chiefly for the reason that
one man owning only FIVE shares of
stock has presumed to dictate and con
troll absolutely the policy OF the inst-
tuition, and has never missed AN UpDor-
tuuity 90 poison and bias tho minds of
The present shareholders. dcpositUrs and
citizens residing iu this end of tho
county against thc majority sh8r. hold
crs. The dIreCtoIat. of the State Bank
of Utah ls composed of such mon as
President Joseph r.. smith John s
Brausford mayor OF salt Lake city. A
W. Carlson. secretary and treasurer of
\. a.. 49, D.. Heber NJ Wells. james ID
Murdoch, capitalist and member OF the
city council samuel Newhouse. Bishop
90 W. Nihlsy. and other gentlemen of
prominoDc. and uIpbity of character.
men who would not DO. nor consent tn
the doing of au illegal or unfair thin-.
and any por-ou who charges that a ma-
iority of tho present board of the Ior-
dan State bank is doing or has done on
has consented to the doing of an Illegal
or unfair transaction Doc connection
with the recent election OF officers and
directors OF the bank or the conduct of
its lnalns is guilty OF WIlfuilv and
knowingly mI-stltiug the facts. and up
ask all good citizens OF this vicinity 90
withhold their Judgment until thov can
gel "a full and fair hearing OF both sides
of tho case. and t0 suggest 90 those ciu-
gems whose minds have been prejudiced
by hearing only one side OF this case.
and who have been Induced 10 join iu
tho formation of competitive bank
90 pause before they loan their money
and assistance to the now project WIth-
out fully understanding that they are
entering what may probably prove t0
Doe H long drawn out contest and one
that may not yield much profit to either
side
"Of one thing the doposltors of ths
Jordan state bank may rest assured
chat their deposits are absolutely SAD.
whom guarded by such Wen known
bus .uoss men and bankers aF William
AyIett president of the Jordan state
bank. Henry ~. McENau. vlre DresI-
dent OF the Jordan state bank. %. a.
Bophe. cashier of lions slvInge Rank
a. Trust company and Charles 8 BUR-
ton cashier of the State Bank of utah.
for with iha'r abundant resource. thry
Hra able tU easily meet amy contingent
uy thut could possibly arise Boz This VI
olnitv
"hNe Invite no.. cooperation of Am the
business MON and residents uf this sa.-
tiou would Iiks to have them como and
TALK 20 ua and Ne win make IL our Hrst
duty tu wait 1u Them us fast a. poa.I-
Die and assure Thorn of our nrsu iuteu-
zion to build up bingham Junction. to
protest the interest of our friends ANA
isaueiaLH# iu tlls vicinity and as soon
10 uus u.H. place Use control of tnt
analr. uf tha Jordan state bank In the
hands uf good. honest and capable clt.
liens of Bingham Junction ThlH heInF
tho policy uf tha state lank of Utah
since lts organization iu 1850 and slnro
which time n haas assisted iu tha on
SANITATION and helped with Hu ts ln-
nueucD tht growth of many local banks
Hy order of the board of directors.
JORDAN STATE BANK"