J. R. SHEPHERD, Prest. JOHN C. RICE, Vice Prest. WILL H. YOUNG, Cashier Bear Lake State Bank PARIS, IDAHO May 14, 1909. Mr. John Pingree, Cashier, First Natl Bank, Ogden, U. Dear Sir: We are herewith enclosing you Cer. #50 for twenty five shares of stock in the Bear Lake State Bank. We finally made a deal with the Caldwell people on $137.50 basis which makes your stock cost you $3437.50 and if this is agreeable to you you can credit our account this amount. You will notice we made the Certificate in your name as we did not know how you wanted it divided up so if you want any changes made endorse the Certificate and return to us with instructions and we will be glad to make any changes you like. Mr. Shepherd and I appreciate the privilege of being connected with you people and your good institution and we feel sure that our business relations will be the most pleasant and we regret that we haven’t more stock that we can let you have at this time. As you know we have closed our Salt Lake account and will now close up with Caldwell so whatever business we have will go to you people. Mr. Rice, who was a director and our Vice. Pres. has sent in his resignation and we would like to have you people name some one from down there to take his place. Whoever you agree upon will be satisfactory to us and if you will let us know who it is we will attend to the matter at our next Directors meeting. Trusting this is satisfactory we beg to remain, Yours truly, Cashier. Will H Young
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