Las Vegas daily optic. [volume] (Las Vegas, N.M.) 1880-1908, 1906-09-25
MVENT THE MEETINGS
MAYOR 4. o. coooAll VEL.
COMES FINANeiEas-psEsl,
DENT c. N. BLACKWELL
IS OPTIMISTIC.

which VAS called % order at ten
o'elock this morning M the CONNER
eiaf club rooms by President G. ".
Blackwell. was representative. They
heard Mayor X. n. Gootiail of Las ve'
gas deliver a happy address of vel
come after the invocation b, Rev.
Norman l.. Skinner. pastor IL the
Presbyterian church. Mayer Good.
all's address vas responded to by O.
\. Marion and after the commlisees
were appointed and other routine
business attended 10. a recess vas
taken until two O'Clock this after.
noon. when they reassembled ID hear
the address Of President Blackwell
and the reports Of association 0ffic.
ers- This afternoon these gsests Of
the Meadow city were taken On q
trolley ride In the canon and 4 ear.
riaGe drive over the scenic runte. TO
night there will he o reception to the
bankers and their ladies' Al the. Com
merciai club rooms, and hananet u,
the Casfaneda hotel tomorrow esen
ing. .a. .*e
Filled With Optimism and Figures
In his address. President blackwell
welcomed the association-some Of
them were unable 10 make eonnec.
tions--declaring thai they were ~
sembled si q time when the future
outlook of the great southwest was
brightest and prosperity of the hank.
Ing interests on the soundest basis.
He congratulated members of the
association closing prosperous wear
when organized In February" he
said. 'forty-one national. state banks
and firms doing banking business.
were enrolled. with an aggregate cap
ital Of two millions. and deposits Of
eight million five hundred thousand
dollars. Now there Is reported fifty.
six regularly Incorporated hanks and
banking firms. with a capital Of two
million five hundred thousand, and
deposits Of over ten million. a gain
Of fifteen banks and firms doing
banking business. Not a failure has
occurred during the year.
THE increase I'm the number uf new
banks reported is mostly from the
southwestern. eastern and northern
portions Of the. territory. where there
has been the greatest influx Of pop
uiation. With the new emigration
coming within our borders new indus
tries will spring up, and latent re-
sources will be made TO produce AMI
become profitable. A the advance
ment takes place and new villages
and towns rise into view. the banker,
ever progressive and alert, win be
on the ground to aid the new develop
ment with his capital and good ad-
vice. and with a realization of those
! predict that the coming
year will be the greatest history max
ing epoch ever known in New Mex.
leo.
f"The mining industry is looking up,
and activity in this branch Is report.
ed from every section, both in coal
and precious minerals. In C0lfax
county alone the output OF coal is 5,
OOo to 5000 tons daily. and during
the coming year the volume will be
increased to 10000 tons. Also three
million dollars are to be expended In
railroad building and opening new
coal fields. Our pay rolls now aver
age one hundred and sixty thousand
dollars monthly"
Among the bankers In Las Vegas
to attend the convention of New Mex
leo bankers are: J. Price, of Price
Bros. & Co, Socorro: John NJ. Wyatt
cashier of the American National
bank. Ei Paso. T'e1as; J. J. Bennett.
cashier of the Dennins, n. NJ. Nation
al bank: J. 3. Herndon. cashier Of the
State National bank at Albuquerque.
accompanied by his wife: E. A. Ca
hoon, cashier of the First National
bank at Roswell. n. M John Ielfs.
vice president of the First National
hank at Ration. N. NJ: G. NJ Black.
well. cashier of the samA moneyed
institution at Ration, accompanied by
his daughter. Miss Elizabeth Black
well. L. Z. Becker. cashier of the
First National bank of Belen. n. NJ;
W. D. Murray, president of the Silver
City National bank and Winchester
Cooley. secretary and manager of the
Rio Grande Trust Co. at III Paso, Tex.
A, r. Kerr, cashier Of the americaa
National bank Of Silver City. with his