The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1911-10-13
RUMORS OF CHANGES
IN BANK LOCATIONS
Shifting of Utah National
Control Gives Rise to
Many SurniseS.
MAY BE CONSOLIDATION
Offer Said to Have Been Made
and Refused for Present
Bank Site.
MAY BE CONSOLIDATION

Although not suhstantiateJ, the report
has become current that tho change IN
| control Of the Utah National bank Is
The first step toward tho consollda ton
Of that institution with the state Bank
OF Utah. Rumors go such effect are evi-
IDENTITY The outgrowth or speculation rs
10 tho significance of the Utah National
bank control shifting from the shoulders
oi w. :. Mccormick To those OF -. &,
Beebc cashier OF lions Savings Bank &c
! Trust company. and Ashby Snow, attnr
ncy and director for the same establish
ment.
Il was recently announced that Zon's
Savings bank would bring about eXtcn-
sive improvements, including the occu-
pancH Of the entire quarters now used
by the state Bank OF Utah and Zion s
Savings bank. 1t was said at the time
that the State Bank OF Utah would prob
ably soon hc called upon 10 find a new
home. Joseph j.. Smith is president Of
both institutions. The Utah National
has always been a Mccormick insiitu-
ton hut now passes to Beebe and SNOW
in control
The lease OF the Utah National has
still about four years To run. The lease
of Walker Bros, bankers. on the corner
AT Second South and Main streets, VIII
expire, IL Is said, in three years, The
Walker bank VIII remove TO it's contem-
plated new home in the big Walker sky
scraPer that will go up soon on the OPP
positc corner OF Main and Second South
streets, leaving the present quarters of
than banking firm open 10 lease. Ashby
Snow is said 10 have offered the Salt Lake
Security & Trust company large sum
for the Utah National bank corner, but
the offer, according TO report. was turned
down because the security company con-
templatcd erecting g big trust structure
after the Utah National lease expires,
These reports have given rise TO un-
substantiated rumors with regard 10 the
consolidation OF the Utah National and
the State Bank OF Utah. lions Savings
bank. II is said. will remain permanently
in it's present home, while the rumors
have IT that improvements will be made
on the Utah National corner TO tempo
ia rily accommodate both the Utah Ma
tlonal and the State Bank Of Utah. II
Is predicted that when the Walker bank
moves 10 its new home in the big sky
scrapcr the Utah National and the state
Bank OF Utah, consolidated, Will occupy
the quarters now used by the Walker
bank AT Second South and Main streets.
When interviewed in regard 10 the
matter last night, Charles :. Burton,
cashier OF the state Bank OF Utah. do
clared that he had nothing definite to
give out. although he did not emphaucal-
" deny that some fire lay back OF the
smoke However, Rodney 4. Badger,
cashier Of The Utah National bank, as
serted last night that there was nothing
behind the rumors except the known
change in control O G. Beebe, cashier
OF lions Savings bnnk. declared that
such a proposition. so FAR AS he knew.
had not been considered at all by the
controlling interests OF either bank con
cerned, although he could not say what
the future might result in