Santa Fe new Mexican. [volume] (Santa Fe, N.M.) 1898-1951, 1907-10-29
NEW MEXICO
BANKS SOLID
No Alarm Need Be
Felt.

Secretary Hallett Raynolds OF the
New Mexico Bankers Association has
addressed n very timely and proper
letter to the newspapers of the terri
tory which the New Mexican pub
llishes.
It is a highly gratifying
fact that New Mexico financial
institutions national and terri
torial, are in splendid shape,
and in fact in the best condition In the
history Of the territory. It is also very
pleasant to note that some of the ma
tional banks of the territory are
among the best conducted and safest
of that class In the United States. and
that many Of the banks under terri
torial charter can be put in the same
category in their class,
The First National bank of Santa
Fe. Major r. j. Palen president, and
| J. Fl. Vaughn, cashier is the Oldest
national bank in the Southwest and is
acknowledged to be Of great financial
strength and very conservatively and
successfully conducted. 1t is as firm
as the rock Of ages.
The First National Bank of Roswell.
r. A. Cahoon. cashier, is splendid
and well managed banking institution
in every respect and on top. The Citi.
zens' National bank of Roswell, Cap
tain John w. Poe, president. is thor
oughly reliable and trusty institution.
The First National bank of East Las
Vegas, Jefferson Reynolds president,
is very solid and safe. So is the First
National bank of Ration, G. N. Black
well, president. The Silver City Ma
tional bank, w. d. Murray, president,
and G. A. Carter, cashier, is another
fine institution.
The First National bank of Las
Cruces, Fay Sperry cashier. is strong
as is also the First National bank at
Clayton. H. ]. Hammond president,
and the First National bank at Carls
bad, G.. M. Cooke, cashier. The First
National bank at Belen, John Becker
president, is very conservative and
has ample resources. The First Ma
tional bank at Alamogordo. Henry j.
Anderson, president. is very secure
and the affairs of the Hagerman Ma.
tional bank at Hagerman, John l.
Hinkle, cashier, are carefully con-
Quoted.
The Bank of Commerce at Albu-
querque, of which Solomon Luna is
president and w. s. Strickler cashier,
Is one of the finest financial institu.
tions and very trustworthy.
The United States Bank and Trust
Company Of Santa Fe although it has
been doing business only one year and
half, has won an enviable place
among the reliable and trusted terri
torial banks Howard S. Reed is presi,
dent and c. H. Ingraham cashier.
The Bowman and Son Bank
of Las Cruces, is sound to
the core and one of the
oldest banks in the territory.
The Estancia Savings bank although
new institution, but month old |
bears good reputation.
Take it all in all the financial out.
look as far as the banks are concern'l
ed in this territory is of the best. Sec
retary Reynolds letter reads:
Editor, Santa Fe New Mexican.
Dear Sir:-Recognizing how import
ant factor the press has become in
creating public opinion, our assoca-
tion is requesting all of the territorial
papers to avoid any unnecessary dis
play or scare headlines in publishing
the financial news. while business in |
the far East is in the present disturb
ed conditions.
Territorial business conditions !
have never been better; territorial |
banks have never been stronger, and
we earnestly bespeak your co-opera
ton In maintaining the present sound
status.
Yours Respectfully,
"HALLETT RAYNOLDs, |
Secretary |