| Show The effects of the depression were becoming apparent even bank though the executive committee report showed to be in good condition considering past and unfavorable conditions 14 Farmers and livestock men were struggling their to refinance operations as the present drouth had added to their problems of rock bottom prices for wool lambs and cattle Foreclosures occurred and disposition of mortgaged In December property was effected 19344 dividend was declared holders Turkey growers were was built in Ephraim 15 making mark in to stock-the economy and in 1935 turkey dressing and cooling plant The financial crisis was being pumped into the economy In 1935 the federal Bank of Fphraim not over but by government was new life was programs authorized to make Housing Loans where advisable and application was made for membership in the Federal Deposit Insurance Corporation Nineteen thirty-six and nineteen thirtyseven were better years for agriculture and for the bank Loans were made on selected basis The year 1937 was declared to have been the best year since 1928 16 In 1937 President with Barton Cashier In 1938 nine to the number seven Articles of nine and not In 1939 elected 17 Andrev Willardsen Several was Incorporation less plans than were remodeling of the bank At the elected President and William employees with which five up were were hired reduced an amendment states directors drawn because was Directors done resigned Rasmuson Vice new of Bank This was progressing protected due to Christensen President as health ill of January for not were the to more to first from the than be major By summer the work on the project one stage the windows being vault was replaced left unPresident Rasmuson hired two teenage boys Cal Nielson and Kent Thursby to stay all night on the lawn outside the LDS Tabernacle on the Southwest corner of Center and Main 131 |
