The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1911-04-09
VIEW F |NA|VCIAL FIRM
READY FOR BUSINESS
National Savings and Trust
Company VIII Handle Bonds
and Mortgages.

There has just been launched In Salt
Lake new company with capital
of 100000. whose directorate repre-
sents more than one hundred millions
of dollars, known as the National Saw
ings and Trust company.
The company represents almost every
financial avenue in the state of Utah:
is directorate is made up of some of
the best known financiers of Salt Lake
and of the intcrmountain empire. The
company buys bonds and mortgages. 1t
aids in irrigation enterprises; 1T helps
to upbuild the state.
For long time western bonds and
securities have sought market In the
east, but there has been delay after
delay in exploiting them, for the rea-
son that legal investigation necessarily
had TO follow the application for the
sale of the bonds or other securities
This involved hardships and unneces-
sary expense upon the part of the ,mu,,
ncipality county, township or school
district.
Salt Lake banks have had to con
tend against the proposition, Much as
they would have liked to have helped
the state they were barred because
their assets as n rule had to be IN
LIQUID shape, so that in case of neees
sitv their assets could be realized upon
quickly. The necessity, therefore, for
bond purchasing company IN Salt
Lake has been apparent for long
while,
Two years ago Lorenzo NJ. Stohl of
Brigham City, Lloyd Sigler bond and
| irrigation expert. and A. 3. Irvine, a
we'll known attorney of Salt Lake, con-
ceived the idea of savings and trust
company. >,
These men went TO work and finally
got certain financial interests to-.
gether. The officers and directors Of
/ the company follow:
Officers-Lorenzo n. Stohl, president;
Francis NJ. Lyman, first vice president;
Iloyd Sigler, second vice president; J;
Oleen n, Stohl, secretary; Joseph j.
Directors-W. S. Mccormick, pres
ident Mccormick G. Co., bankers; John
Henry Smith, director Utah National
bank; NJ. II. Walker. president Walker
Brothers, bankers; Charles w; Nlbley,
president Grande Ronde Lumber COM
pany; George r, Odell, general man
ager Consolidated Wagon and Ma
| cline company; i. A. Druehl, director
Walker Brothers, bankers; James Pm
gree, cashier Pingree National bank; II.
p. Clark, president Merchants bank ;
Charles S. Burton, cashier, State Bank
Utah National bank; John c. DAILY,
capitalist; William N. Williams, pres
ident Coop Furniture company; Joh1,
G. Sharp, director Deseret National
bank; Richard P. Morris, capitalist;
Alonzo Blair Irvine. attorney at law;
Fred Stauffer, doctor of medicine and
capitalist; John d. Peters, cashier First
National bank Of Brigham; John A;
Widtsoe, president Utah Agricultural
college; Peter NJ. Hansen, director First
National bank of Bri CHAM; Lewis A.
Merrill. director Agricultural college
extension division.
The company took over the Colonial
Realty and Trust company, which had
a capital of 100000 paid up. 1t like
wise absorbed the business of the Ma
tionaI Bond and Trust company, which
was organized only year, ago with a
I capitaI of $4,000, but which in the
wear 1910 paid dividend of AZ per
cent. the most successful bond com.
pany in the west, thus proving the need
of bond company here
In addition the company Will Issue
cold bond bearing per cent ,guaran.
1 feed and it Will not only participate IN
The profits of the company, but it will
also insure the life Of the holder So
thai in ense of the death of the holder
Of a bond that instrument would be
natured automatically as If the pay
ments had been made. Bond experts
nronounce it the most ideal form Of