Santa Fe new Mexican. [volume] (Santa Fe, N.M.) 1898-1951, 1907-01-02
NEW BANK IN FLOUR
ISHING CONDITION
Report of United States Bank and
Trust Company--Has 211 De-
positors to Date.

The New Mexican today publisnei
Ihe report of the United States Banl
and Trust Company, showing the con
dition of that institution at the clos,
of business December 81 Nothinl
could be better illustrative Of tn,
prosperity of this vicinity than tn,
figures therein contained.
The most striking feature Of the re
port is the fact that since the instit,l
ton opened it's doors June II, 1906, |
has secured steady and ever increas
ing patronage until when It's book
welA balanced on the evening of De
cember 81, it had 211 depositors ant
the total amount of deposits wa:
$71 .5O0.93.
This alone should be encouraging
to others contemplating entering bus
mess in the Southwest to come and dt
likewise.
It further illustrates that the Off
cials of the bank are wide awake bus
mess men and have the confidence oI
other business men and other de
positors.
The following figures taken from
this report are of general interest:
Total loans, $55,25SS6; total casl
oh hand. $13.45211; total resources
s1O2,S43SO.
OF the amounts on deposit, the re
port shows that there are $66, 152.7S
in checking accounts and that
$5.34S.21 have been deposited in the
savings department, where an account
can be opened for 81.
The officers of the bank are: Presi
dent Howard S. Reed Of Denver, Col
orado; Vice President and Cashier c
Fl. lngraham, Assistant Cashier Percy
F. Knight, both residents of Santa Fe
While the establishment Of this
bank has demonstrated the fact thai
there Is plenty of room here for -ad
dltional business institutions it has
also shown that the people OF the Ter
ritory and Of this vicinity in paYi
cular are more than willing to aid a
new enterprise when it is conducted
along conservative lines and by men
whose responsibility and integrity are
unquestioned. The president, Howard
s. Reed, is we'll known to Santa
Feans having visited here on a nun
ber Of occasions. He has excellent
standing in banking circles.
G.. H. Ingraham, the vice president
and cashier, who located in this city
about one year ago. having severed
life long connection with large
banking institution in La Harpe, IL
inois, to enter the United States
Bank and Trust Company, has made
many warm friends in both social and
business circles. He has reputation
for honesty and efficiency in banking
that is capital In itself anywhere.
His assistant, Percy F. Knight, has
lived in Santa Fe for number Of
years. He was connected with the
New Mexican Printing Company as its
business manager until the organiza
tion of the new bank, when he re-
signed to take his present position
His ability, integrity and attention to
business, are too we'll known to need
further exploitation. The patronage
bo hoe canurod for thn limited States
Bank and Trust Company through his
personal efforts and his many friends
bears testimony of his high STANDING
in business circles.
The new institution has added con
siderable to Capital City business, has
brought money into the Territory and
it and its officials are we'll deserving
of the welcome the business men have
given them as shown in the report
referred to.