Arizona republican., 1903-11-13
PHOENIX, ARIZONA. NOV. 10, 100;
The Bankers of the Territory.


Bankers from various towns in Ari-
iona will gather in Phoenix today fol
the purpose of forming a Territorial
Bankers association. 1t is not to be
axnected that there will be q large
attendance. as Arizona bankers have
not vet fallen into the habit OF tax
ing a little recreation along with their
business. but tho new idea is a good
one. and the association is certain TO
be a success. Indeed, it Is strange
that an organization of this nature
was not formed long ago. With the
possible exception of New Mexico this
territory has remained the only sub
division of the union in which the
bankers had no organization. The rap
id multiplication of Arizona banks
during the past few years, however
and the general prosperity have nat
urally drawn the attention of the pro-
fession to the desirability of bet
ter acquaintance and the cultivation
of the social side Of the business.
Bankers will agree with us. we think.
that we have properly termed their
calling a profession. Through the log
zeal processes of evolution banking
has developed from trade into &
profession. Now, more than at any
time heretofore, wide education and
a special training are essential to great
success in bank management. This
means that closer application to all
the details of the business has be-
come necessary. and it logically fol-
lows that general interchange of
ideas from time to time will be bene-
fetal to all. Therefore, while intend
ed primarily as a social organization,
with the promotion Of good fellow
ship and understanding as one Of the
chief objects, an association of the
bankers of the territory will prove
helpful to all the members. for they
could not refrain from talking shop
il they would And no matter what
the fault finders say, the American
business man gets a whole lot of pleas
ure in talking over with his associates
the pleasant features Of their affairs.
even when on holiday. This terri
tory is so vast in area. and its bank
ers uniformly pay such faithful atten-
ton to their own business, that they
seldom meet each ether in any con-
siderable numbers Hence 1t is not
practicable. except through an asso-
citation, to learn of the great progress
which is being made in all sections CT
the territory in developing Arizona 5
varied resources.
1t is to be hoped that the organ
ization to be formed today will ar
range for frequent meetings. A gen
orally attended convention of the bank
ers of Arizona would add materially
to the general fund of information, and
increase the faith of all in the match
less future Of the territory. While
are the sentinels on the watch towers
of business, it is not possible except
in a general assembly to keep in touch
with the widespread advancement.
Phoenix, Clifton, Tucson. Prescott.
Bisbee, Globe, Tombstone Nogales,
Yuma, Williams, Solomonville, Flag
staff, Chloride, Kingman, Douglas Mo-
renci and jerome are so far apart that
a vague idea of what is going on in
the others in the way of building up
the wealth Of the territory. An as
ISOLATION will do much to bring all
the members of the profession into
closer touch.
And, since the association is to make
the social feature most prominent, a
happier time than the present could
not have been hit upon for the initial
gathering. Never before was Arizona
as prosperous as now Never at any
time In the past has the future looked
so bright. The banks are getting their
share Of the prosperity. Almost with
out exception they are better able now
than at any time previous to employ
their funds to profitable advantage II
is but a few years since banking in
Arizona had its peculiar difficulties.
Money piled up in the vaults where
most of it had to lie in idleness, be-
cause it was not easy to find a safe
outlet for it into the channels of bust
ness. When bank lends money il
must have good security. and until
in recent years conservative bankers
had to sorrowfully admit the impcssi-
bilty of getting the kind of security
they wanted. Citizens were in the
Same predicament as to the employ
ment Of their own funds. 1t was not
easy to embark into ventures that
were safe. Consequently, deposits ac-
cumulated iin the banks, and there
these deposits remained, in the shape
of idle cash. There has been SAL
utary change. The money in Arizona