The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1909-04-02
DEPUTY SHERIFF MAKES
CHANGE IN JORDAN BANK
cnntinued ION Pa9e y

-. resident. Mr.. Aylett =
IF the Fitzrerald faction pIt tn1-;rsss i'm
because of his prominence ~ ~ rep
Bingham Junction. and occa 49, ~ ,,-,liId
Illle a. L,,si,9esz interests when W.. ~
sesist in the successful operation Vi '''-
Henry r. .MeEwan Of the SJale He
of T-tab was chosen wee pi s9NtSa,. No
- a r,er,ber- IF the Ne.soH ractV.L -
election was held for the pvssl. = To
cashier but an aG1ourheu ~ H. ,-I97esffon.
be held tomorrow to settle t 80. 80 in
Tho meeting Of the directors va ne
te.,sel,- ioferss+ing from the laCt
Joscph Nelson. with two con- pa ~ 5;,ec-
tempted to secure admission - c+fe,,1nt
tors meeting. The result OF 80 Nel-
was a personal alteration Det " 80 aid
son and w D. Fitzgerald 49,,
attempted to put Nelson OUT OF lilS
and lively struggle ensueG. ,,,+rorIed
Ashby Snow Of salt i.aH r,acting. and
these were sufficient TO doluiiS9iIC 49,, -
stock represanted by the other dFecto's
at this nice ting
New Bank Started.
Following this meeting the questiiosan. o II,
organizing n new bank was iHltigu e--f'I
agitatCd. Prominently connecteo ~
the proposed new organization were ~
names OF T. W ". Fitzgerald ana LiS
son. w D. Fitzgerald This arouseu W
suspicious Of the Nelson crown anu -
determined to Gust the F1tZSeraius- -
Z IL
gerald while acting as cashier OF W
hank. advised his friends to Withdraw
their money from this bank ana PGt y
i'm Salt Lake banks awaiting the OF Sals,
cation Of the new Bingham bank. lhiS'
Mr. McEWan SAYS was partially IespO"-
sible for the run on the bank. 49,
To prevent disaster. in the opinion OF tHe
/ Nelson people. IL was necessary 70 edh a
meeting to depose young Fitzgerald. Al
this meeting the Nelson directors main
tanned that they represented their Own
stock and not that Of JOSEPH Nelson. e.
hibitinG stock certificates indorsed ny
I Joseph Nelson and A. ". Nelson in proof
In explanation Of this transfer. NIr. Nc
/ Evan said that the Uta State bank;
/ through its executive committee hSu
| amounting TO - shares. at Sl2J. Previous
l y the minority stockholders had offered
/ TO sell TO Mr. Nelson all Of their stock
/ at $40 or buy his at s125. Both PROPOSE
/ tons We're rejected by Nelson. Mr.. Ay-
I lett said yesterday that the minority
/ stockholders were not satisfied that the
! sale OF the Nelson stock was bona fide.
Joseph ?. Smith q Stakeholder.
/ An interesting feature in this connec-
/ ton is the fact that fifty shares Of stock
I the Nelson directors presume to control
/ are I'm the name OF Joseph 7. Smith. as
/ Christ OF Latter-Day Saints. President
/ Smith was on d trip TO the Sandwich
{ Islands, from which he returned only yes
/ terday. during most of the squa bible. His
Z proxy for this stock was on file with the
/ State Bank of Utah, out this is said 10
/ be signed as trustee" instead of "trus-
/ tee in trust for the Mormon church
I Mr. NcEHan was of the opinion that
/ President Smith would Immediately trans
/ fer this stock to the State Bank OF Utah
/ President Smith is with US, he said
/ The bank is capitalized at $1,000 with
I shares at 500. Mr.. Nelson does. or rather
I did, control y shares. including the 4
/ shares in the name Of President Smith
/ Though the Nelson faction is actually
I in control Of the Jordan state bank the
! opposition has given It out that the fight
( will be continued. The opposition claims
I to have control Of the smelteT account
I and that most Of the business men Of
! Bingham Junction are for the new bank
B which will be in operation within few
I DAYS F. Y. FTTZG GERALD.