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Salt Lake Bank Is Closed. Salt Lake City, Utah, July 9.-The Merchants bank, a privately owned financial institution, was closed today by the state bank commissioner of Utah. The action followed a "run" on the institution of two or three days duration which drained the cash resources. The bank's deposits amounted to about $1,400,000.
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LYNCH APPOINTED RECEIVER SALT LAKE CITY, Utah, July 9.Stephen H. Lynch was today appointed receiver of the Merchants Bank of this city, the doors of which institution were closed last night by the state bank examiner. Throughou the day a crowd of anxious depositors swarmed about the bank's doors. The depositors will receive dollar for dollar if time is allowed for proper liquidation of the assets, according to O. P. Soule, one of the bank's directors.
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RECEIVER APPOINTED FOR SALT LAKE BANK SALT LAKE CITY, July 9.Stephen H. Lynch, cashier of the State Bank of Bountiful, Utah, near here, was today appointed receiver of the Merchants' Bank of this city, the doors of which institution were closed last night by the state bank examiner. Bonds for Mr. Lynch were fixed at $250,000. Throughout the day a crowd of anxious depositors swarmed about the bank's doors, but only expressions of anxiety were heard. Depositors of the bank were foreign born to a large extent, it was said. The depositors will receive dollar for dollar if time is allowed for proper liquidating of the assets, according to O. P. Sproule, one of its directors.
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LYNCH MADE RECEIVER (Bv Review Leased Wire) SALT LAKE CITY, Utah, July 9.Stephen H. Lynch was today appointed receiver of the Merchants' Bank of this city, the doors of which institution were closed last night by the state bank examiner. Throughout the day a crowd of anxious depositors swarmed about the bank's doors. The depositors will receive dollar for dollar if time is allowed, for proper liquidation of the assets according to O. P. Soule, one of the bank's directors.
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SOME DEPOSITORS HERE. Merchants Bank at Salt Lake City was closed by the state bank examiner last Monday and is now in the hands of a receiver. Among its directors are A. B. Apperson, former vice president and general manager of United States Fuel company, and Moroni Heiner, holding the same position given up recently by Apperson. The bank has several depositors in Carbon and Emery counties. Depositors, it is claimed, are to be paid in full, but it will take good management and time to do it. Stephen H. Lynch is in charge as receiver. None of the other banking houses at Zion or of the state are in the least affected.
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SALT LAKE BANK FAILURE HITS PIOCHE The Merchants bank at Salt Lake City was closed Tuesday by the state bank examiner. A receiver is to be appointe dto wind up the affairs. The deposits amounted to more than to million dollars. Officers of the bank state that it is their belief that the bank will eventually pay out in full. The failure of the bank was felt slightly in Pioche. The Pioche Consolidated pay roll was held up one day until money could be shipped in from another bank. A check on the Merchants bank came in for a part of the Combined Metals payroll, it being necessary to wire another bank for funds, caused a small delay at this place. The Hodges-Cook Mercantile Co., were among the bank's big customers but how much money they have tied up is not known at present, as it is not known if checks for several thousand dollars reached the bank before it was closed. Mr. Godbe of the Prince, and W. H. Pitss of Hodges-Cook left for Salt Lake as soon as word reached here of the failure. They are making new banking connections.-Pioche Record.
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Trying to Settle. Settlement of the receivers' suit against the former directors of the Merchants' bank at Salt Lake City, is now in prospect with regard to Tourteen of the twenty-nine defendants. A second petition filed in the Third district court by the receiver asks for permission to accept settlement from nine in addition to the five named in the petition of last Saturday. The settlements in prospect will net the depositors $205,000, if they are approved by the court, the aggregate amount to be received from the five named in the first petition being $100,000 and from the nine in the petition just filed, $105,000. Hearing upon the first petition is set for 9:30 Thursday morning and upon the second for 1:30 o'elock Saturday afternoon. Trial of the suit, which is to recover $800,000 alleged to have been lost through mismangement, is to begin June 7th, before Judge P. C. Evans.
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NOTICE OF SHERIFF'S SALE ON FORECLOSURE OF MORTGAGE In the District Court of the Sixth Judicial District of the State of Idaho, in and for Bingham County. State of Idaho, Plaintiff, vs. John R. Foulks; John R. Foulks, the surviving husband and only heir of Nellie B. Foulks, deceased; John R. Foulks, trustee and manager in office of the affairs of the Big Fill Ranch Company, a domestic corporation whose charter is forfeited; Lewis D. Larsen and Alice M. Larsen, husband and wife; George E. Ford and Pearl A. Ford, husband and wife; Steven H. Lynch, as Receiver of Merchants Bank of Salt Lake, Utah, a defunct corporation; Earl Kemp and May H. Kemp, husband and wife; Henry Dunn and George W. Dunn, known as Dunn & Son, Defendants. Under and by virtue of an order of sale issued out of and under the seal of the above entitled court on a judgment and decree of foreclosure and sale rendered in said county on the 27th day of June, 1921, and entered and filed in said county on the 2nd day of July, 1921, and docketed with the Clerk of said court, in favor of the above named plaintiff and against the above named defendants, said order and writ being duly attested on the 8th day of July, 1921, and to the sheriff of Bingham County, Idaho, directed, and to me, A. H. Simmons, as such Sheriff, delivered on the 14th day of July, 1921, for execution, whereby I am commanded and required to proceed to notice for sale and to sell the property mentioned and described in said judgment and decree in the manner provided by law and to apply the proceeds of such sale to the satisfaction of said judgment and decree with interest and all costs. The property described to be sold by said judgment and decree and said order is situated in Bingham County, State of Idaho, and is described as follows, to-wit: The Northeast quarter (NE 1/4 ) of the Northwest quarter (NW 1/4 ) and the Northwest quarter (NW 1/4 ) of the Northeast quarter (NE 1/4) of Section 18, Township 5 South, Range 32 East of Boise Meridian, containing eighty acres, according to the government survey thereof, together with ditches and water rights appertaining thereto, and, The Southeast quarter (SE 1/4 ) of the Southwest quarter (SW 1/4) and the Southwest quarter (SW 1/4) of the Southeast quarter (SE 1/4 ) of Section Seven in Township Five, South, Range Thirty-two East Boise Meridian, containing eighty acres, according to the government survey thereof, together with ditches and water rights appertaining thereto. NOTICE IS HEREBY GIVEN that on the 15th day of August, 1921, at the hour of ten o'clock a. m., of that day at the front door of the County Court house in Blackfoot, Bingham County, Idaho, I will sell all, or SO much of the above described proper-
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# NOTICE OF SHERIFF'S SALE ON FORECLOSURE OF MORTGAGE In the District Court of the Sixth Judicial District of the State of Idaho, in and for Bingham County. State of Idaho, Plaintiff, vs. John R. Foulks; John R. Foulks, the surviving husband and only heir of Nellie B. Foulks, deceased; John R. Foulks, trustee and manager in office of the affairs of the Big Fill Ranch Company, a domestic corporation whose charter is forfeited; Lewis D. Larsen and Alice M. Larsen, husband and wife; George E. Ford and Pearl A. Ford, husband and wife; Steven H. Lynch, as Receiver of Merchants Bank of Salt Lake, Utah, a defunct corporation; Earl Kemp and May H. Kemp, husband and wife; Henry Dunn and George W. Dunn, known as Dunn & Son, Defendants. Under and by virtue of an, order of sale issued out of and under the seal of the above entitled court on a judgment and decree of foreclosure and sale rendered in said county on the 27th day of June, 1921, and entered and filed in said county on the 2nd day of July, 1921, and docketed with the Clerk of said court, in favor of the above named plaintiff and against the above named defendants, said order and writ being duly attested on the 8th day of July, 1921, and to the sheriff of Bingham County, Idaho, directed, and to me, A. H. Simmons, as such Sheriff, delivered on the 14th day of July, 1921, for execution, whereby I am commanded and required to proceed to notice for sale and to sell the property mentioned and described in said judgment and decree in the manner provided by law and to apply the proceeds of such sale to the satisfaction of said judgment and decree with interest and all costs. The property described to be sold by said judgment and decree and said order is situated in Bingham County, State of Idaho, and is described as follows, to-wit: The Northeast quarter (NE¼) of the Northwest quarter (NW¼) and the Northwest quarter (NW¼) of the Northeast quarter (NE¼) of Section 18, Township 5 South, Range 32 East of Boise Meridian, containing eighty acres, according to the government survey thereof, together with ditches and water rights appertaining thereto, and, The Southeast quarter (SE¼) of the Southwest quarter (SW¼) and the Southwest quarter (SW¼) of the Southeast quarter (SE¼) of Section Seven in Township Five, South, Range Thirty-two East Boise Meridian, containing eighty acres, according to the government survey thereof, together with ditches and water rights appertaining thereto. NOTICE IS HEREBY GIVEN that on the 15th day of August, 1921, at the hour of ten o'clock a. m., of that day at the front door of the County Court house in Blackfoot, Bingham County, Idaho, I will sell all, or so much of the above described property as may be sufficient to satisfy the judgment as set out in said Order and Writ with interest and all expenses and costs at public auction, to the highest bidder therefor in lawful money. Dated July 14, 1921. A. H. SIMMONS, Sheriff of Bingham County, Idaho. By GEO. R. EZELL, Deputy. July 22-29 A-5-12 4t.
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REQUEST FOR BIDS The Lander county board of educaMarch 1926 the Geo Ferris & 18, mann building 150 North Virginia and of the Austin high building site located Austin, Nevada. All referred to Geo. Ferris & tified the amount five of the amount same The der board of education to accept any to reject or bids Dated 1926 LANDER BOARD OF By Lemaire president. NOTICE SALE ASSETS OF MERCHANTS The receiver of Merchants bank has filed his praying Merchants bank his to H. Cowie Lake City, Utah, for the hundred fifty dollars ($2750.00) on petition held the Judge city and county building. Salt Lake on the 5th day of February, at person therein may appear heard STEPHEN H. LYNCH, Receiver UTAH SOUTHERN OIL COMPANY Notice of Special Meeting of Stock holders corporation and for Other Pur poses. To the stockholders of Utah Southern the Utah Southern On has been called at the company at room No. 532 Clift Build Ing Salt Lake the at 10 o'clock of considering acting upon the folmatters, amend the articles of Articles XIII and so that the shall read as follows: principal and place of business of this Salt Lake City, Salt Utah the board may held the transaction of any heas of the such place outside this state elsewhere within this state than may by resolution by VI. stock this corporation dollars, six hundred thousand
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BANK RECEIVER TASK NEARLY OVER SALT LAKE, Dec. 13.-Beginning of the end of the receivership of Merchants bank. existent since 1918; was seen Monday when Judge Ephraim Hanson authorized Stephen H. Lynch. receiver, to sell the Eugene Chandler of Bingham for $3000. When final dividend is made, the total will: amount to about S1 1-4 per cent dividend to depositors of the bank; Mr. Lynch said. They will have been paid out to them nearly $1,000,000. MOON STEALS The Associated Press. -When the moon is directly above. the steamship Leviathan weighs. pounds less than than when the graphic society dealing lumar