Arizona republican., 1906-03-16
PRESCOTT NATIONAL
 BANK

The Prescott National Bank occu- pies the ground floor of its own hand some two-story building. erected at a cost of $6o,0O0.00. and conceded to be one of the most substantial bank build- ings ip northern Arizona Spacious and well protected vaults for the stor- age of the banks papers and Valuables are built, and 1O5 safety deposit boxes are at t>e disposal .of patrons for q small yearly rental.
 A general banking business is trans acted. including the special lines of most mining communities. Its depos- its. according to the last statement eN- ceed quarters of q million do,- lars.
 The tota! wealth represented upon the directorate exceeds twenty million dollars. Organized in 1893. it's success was assured from the start. It's officers and directors are men whose names are intimately associated with the doVel- cpment and prosperity of Arizona.
 r. NJ. Murphy. president, IS president of the Santa Fe. Prescott and Phoenix Railway Company, Tie Prescott and Eastern railroad, Phoenix and Eastern railroad. Bradshaw Mountain railroad, and also is president of the Develop ment Company of America, one of the greatest mining enterprises ever in- augurated in Arizona, the offices of the company being located in the Hanover Bank building, New York. MT. Murphy is largely interested in railroading, mining and mercantile pursuits and is one of the wealthiest men of Arizona. and has resided here twenty seven years. Morris Goldwater. vice presi- dent of the bank, 3s one Oe the terri tory's oldest established merchants, and is head O. tho mercantile firm of NJ. CoIdwater x Brother, with estab- Hshments in both Phoenix and Pres colt MT. GoIdwater is also president of the Commercial Trust Company. F. E. Gage. one of the banks directors. is an old resident of Arizona and makes his headquarters at Tombstone, where he has extensive mining inter ests He is president of the Congress Consolidated Mines Company, presi- dent of the Tombstone Consolidated Mines Company president of the Pc land Mining Company, and many other companies of lesser importance. In railroad circles MT. Cage is well known as president of the Congress Railroad Company while his banking interests include the presidency of the Phoenix National Bank of Phoenix. John C. Herudon one of the largest stockhold- CTS and a director of the bank is se- nior member ot tNe law firm Of Hern- don 6 Norris. The firm enjoys an eX- tensive clientage and is considered one of the most successful legal firms in Arizona. D. Nj. Ferry Of Detroit, Mich igan, is the head of the great seed firm of that name, and exceedingly well known in banking and financial circles throughout the east, where he is rated at over SI5. .O0O. .O0O. As president of thI First National Bank of Detroit. and vice president of the Wayne County Savings Bank of the same city, his interests are extensive, while his other banking interests in Arizona consist of stock in the Phoenix National Ban; and the position of g director.
 The list of directors includes MT. r. G. Brecht one of Prescotts pioneers, and a gentleman who has accumulated wealth in this city and county; R. \. Fredericks. cashier of the Prescott Ma tionaI Bank, a director and active man ager Of the affairs os the bank, has been 2 resident oc Prescott for -twen ty-eight years. coming here from san Francisco. MT. Fredericks has been identified with tie Prescott National since it's organization and is also in- terested in the Commercial Trust Com pany as vice president. His business interests in Prescott are extensive, aside from his real estate holdings, which consist largely of revenue pro ducing property. A. w. McCash as sistant cashier was formerly connect ed with Cincinnati banking houses, having an extensive experience in an official capacity.
 The condition of the bank is a most gratifying one. as shown by their statement of January 29. last. The liabilities then were: Capital paid in, Sl0O.OO0: surplus, S25.000; undivided profits. $66.7S749; national bank holes issued. S1O0DOO, and to-al deposits, SS97 .O93.01 Resources. including loans, bonds. securities, etc, $1O7o41.S6; cash. $47GS3S964 and redemption fund. S5O00