4 August Mr. and Mrs, Glendale, Dear Jos. ©. 23,1935. Olson, et California. Carrie end Joe: It will not be news to you, any more than it was to me upon my return, to know that the U.R.T., or the street car lines operating in Ogden,is busted and has been for some time. In order to svoid an action of receivership, a committee has been formed, composed of George iccles, Paul Yattis and 2.8. Porter, to act in behelf of the bondholders of the company. The procedure, as I see it, will be to licuidate the assets of the company, tear up all tracks, sell all equipment end with the proceeds from such sales to buy buses and equipment for operating bus lines in Oecen » par the Our records here show that you heve $9000.00 value of U.R.~T. bonds. Each of us, I think, has about same amounte It eppears to Marriner and to m that our best interests will be served by turning these bonds in arainst Certificates of Deposit which should be issued by the First Security Bank. If you still have these bonds in your possession end care to send them to me, with coupons, by registered mail, Marriner end I will handle them alone with the others and keep you advised If you should have any objections or please let me know st once, With best love to all as to what is being done. desire more details, the femilg,