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House, Senate approve resolution to put Eccles statue in rotunda

SHARE House, Senate approve resolution to put Eccles statue in rotunda

Brigham Young and Philo T. Farnsworth might be getting some company in the Capitol rotunda.

The House and Senate approved a resolution Tuesday urging a statue of Marriner S. Eccles be erected in the building.

A Logan native, Eccles played a large role in the evolution of the modern banking industry. President Franklin D. Roosevelt appointed Eccles, a Republican, assistant Secretary of the Treasury in 1934, and he served as Federal Reserve Board chairman from 1935 to 1948.

Eccles, who died in 1977 at age 87, founded First Security Bank and Utah Construction Co., and headed Amalgamated Sugar Co.

Lawmakers want to recognize Eccles' contribution to the strength of the Utah and U.S. economies and the furthering of the entrepreneurial spirit of the free market system.

The resolution does not appropriate money for the statue. It would have to be raised privately.