Arizona republican., 1906-03-16
BANK
 OF ARIZONA

Arizona may be said to be very for
 tunate in the character and stability
 of her banking institutions. The man
 ner in which they have kept pace with
 the development and prosperity of the
 territory has been the subject of most
 favorable comment throughout the
 country. and of felicitation in business
 and financial circles in Arizona and
 che southwest. The bank O. Arizona is
 rightly accorded % foremost pIaC-
 among the most conservative and
 stable banks Of the southwest and ir
 will be admitted without a dissenting
 voice in business and financial circle
 that .t hos been. since its ezIabIish-
 ment, more intimately associated vi5n
 the finanziai affairs of Arizona than
 any otEer bankins institution of the
 territory.
 The Rack ce Arizona trzns-ct= a general banking business buys 1uI sells exchange, both foreign and da-
 mestic. on all the principal commercial
 centers. keeps accounts with individ- uals, firms and corporations It has Tor
 it's correspondents the strongest banks
 of the east and Ce the west as we'll These connections facilitate collections
 and the handling of commercial paper. etc. Liberal advancements are made on consig ignments of ore. and gold and
 silver bullion is purchased at the high est prevailing market price The ! banks depositOrs register not only from all over the territory. but extend from the Missouri river to the coasc. and the deposits entrusted to this time : honored institution exceed a million Of dollars No better evidence of the con i fidence in which the bank is held could be desired than the preceding state | ment. It is the principle of the man ! agement to conduct the affairs Of the bank upon the most liberal lines con sistent with conservative methods. and it is but just to say that this spirit has done more for the upbuilding of Arizona and the development of YaV- apai county than many agencies gen orally credited with greater influence
 The bank occupies the ground floor ! of its handsome building. which is sit uated on one oT the principal business corners of Prescott II is provided i with every safeguard in the way of fire and buTglar-proof vaults known 10 the most thoroughly equipped metropolitan banking house, and in point of fixture 1 and arrangements. is one of the best 1 Iappointed banking rooms in Arizona | The immense vaults are divided into distinct compartments. one of which l is for safety deposit boxes. at the dis posal of patrons for a small yearly rental.
 The Bank of Arizona was establish
 ed away back in 1877. by which token ! it is the oldest banking house in the territory. The founders of the bank were. Messrs. Sol. Lewis and NI- w TIales of san Francisco. by whom 't Was conducted until 1SS1- Since that i time the Bank Of Arizona has been under practically the present manage ment.
 The president is Hugo Richards. a successful cattleman. and largely in terested in the city and county Hon. r. W. Wells the vice president. has
 extensive realty and mining interests in both this city and Phoenix and is one of the wealthiest men in Arizona
 He was formerly associate justice of ! the supreme court and attoTlev gen eraI for the territory. NJ. 3. HIzcltine has been identified with the Da1K for sixteen years, the past ten of which he. has oficiated as cashier. and has prac- tically managed the bank During this time he hos hod t2a pleasure Of seeing the banks foOtings increase Iron three hundred thousand to approXi- mately a million and quarter of dol lars. MT. C. A. Peter IEc assistant cashier. has long been associated with the bank, and is one of the best known bankers in Arizona While the gentle
 men composing the personnel are too well known throughout the territory to require further introduction ar the instance of the Republican. il may not be amiss to cdd that not one oS the officers. directors or stockholders of this bank are engaged in any business that would in any way bring them into [ mers. in which regard this bank occu- pies a position perhaps unique nos only in this territory but in the United States as we'll