The daily sentinel., 1913-12-05
WILL REOPEN BANK.
(Continued from Page ID

payable at regular stated Intervals,
that enough money can be raised by
him to meet the requirements OF the
bank. We, therefore, submit the
following agreement to be adopted
and signed by all depositors:
Grand Junction. Colo,
Dec. 4 1913.
To the Board of Directors of the
Mesa County National Bank of
Grand Junction, Cc,o-
We. the undersigned depositors of
said bank, either by open account or
as holders of certificates of deposit,
in order to facilitate and aid in re-
opening the same as speedily as
possible. and in consideration of the
mutual benefits to be derived there
from, hereby agree to accept pay
ment of the amount of deposits
standing in our names on the books
of the bank, at the date same was
closed on order of the comptroller OF
the currency, November IS, 1913, in
the manner following, to-wit:
Twenty per cent in cash. and the
balance in three payments represent
ed by certificates of deposit to be is
sued by said bank payable respect
lively as follows:
Twenty per cent in four months,
90 per cent in eight months, and Az
per cent in 2 months from the date
of the reopening of the bank. with
interest at the rate of per cent per
annum.
Upon the completion of the re-
mort, John F. Moore asked whether
the committee was prepared to say
that the plan outlined could be car
ried out. Mr.. De Long replied that
IL was drawn up after consultation
with Receiver Chapman and Exam
iner Smith, but that it must first be
approved by the comptroller of the
currency. He said he was confident
that the bank would be speedily re-
opened IL the depositors signed the
agreement which had been prepared.
Mr.. Gormley stated that Mr.. Orson
Adams had been freely consulted,
and was ready to substantiate the re-
port of the committee. This state
ment brought tremendous round oil
applause.
M. II. Loeffler said the plan was
the only feasible one for reopenine
the bank, and he was heartily In
sympathy with it. William McGin-
ley spoke along the same lines and
complimented the committee and
Mr.. Adams for its work
Better Than Expected.
C. p Bliss spoke of the closing OF
the First National Bank Is years
ago, and said that the best PROPOSE
tion submitted was for the issuance
of time certificates, but with no cash
payment. al.
This proposition. he said, us
highly favorable-much more SO
than | expected, and | want to say,
though l do so, without the author
ity of Mr.. Adams, but speaking from
my acquaintanceship with him for
period of nearly thirty years, that
some of you who have small ac-
counts, who can ill-afford to walt
that Mr.. Adams will find some means
of caring for you" This statement
brought another round of cheers.
w. ID. Haipin of Mack, memDer
of the committee, representing the
heavy railroad deposits, stated that
the entire deliberations of the COM
mittee had been confined to plans
for reopening the bank. He sald
that the committee felt that the
greater delay in reopening the bank
the greater would be the chance OF
less.
Adams at Helm.
1--WE felt" he said, that the Mesa
County National bank must be re-
opened, and l believe l voice the
sentiments of depositors when l say
that we feel, that when the doors OF
the bank are thrown open again,
the hand at that door, must be that
of Mr.. Orson Adams. (applause.)
l..
the Grand valley than any other
man His name has always been
linked with the prosperity of the
valley. and it will continue to be so
in the future.
Il have been asked by Mr..
Adams to make an announcement,
which | know you will all be sorry
to hear: Mr.. Adams feels that
there must be new blood in the Mesa
County National bank. He wants
to cease his labors to a large extent.
Mr.. Adams one ambition now is to
see that the Mesa County bank is
reopened and that the depositors and
every creditor gets every dollar that
is coming to them. The new board
of directors will be made up of the
safe and conservative men of the
valley-men who will have the re-
spect and confidence Of the entire
community When that is done Mr..
Adams wants to retire as an execu-
tive officer of the bank. but he is
willing to help all he can, and, If
necessary. accept minor position in
the service of the bank in order to
see it becoming the leading finan-
cial institution of the city. Mr..
Adams is willing to sacrifice his time
and every other interest in order to
bring this result about. l believe
the bank when 1t is reopened will
A.. -. I.as.J.I cI. n.