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Show visited the ranch each season to make personal selections- and some of them came regularly. Any large capital investment, such as the John K. Madsen Rambouillet Farm, had far more at stake at that time than « most people realized. It was necessary to plan and work even harder then was dreamed possible in order to stay on top and come out of the struggle in a satisfactory condition. John K could not have done it alone for it took the combined efforts in planning and working together of him, Virginia, and their son-in-law, Bill, with the help of good hired men. THE CLOSED BANKS John K had bought some bank stock in the Mt. Pleasant Commerical and Savings Bank as he had become financially able to do so. It was the same bank he had looked to in 1897 when it had been necessary to mortgage his few possessions in order to set up his own herd of grade ewes on the range. And again in 1909, he had turned to that bank for a loan when he started his purebred business via sealed bid on the Jim Fiske flock of ewes. By the time he began to prosper he purchased that bank stock and became a director before the depression hit with full force. And prior to the actual closing of the bank's doors, he, with other officers, drove to Salt Lake City to negotiate for some money in an effort to avert the threatened closure of the bank. 269 |