Bisbee daily review., 1908-12-05
ARIZONA BANKERS FETED AND
D|NED; CLOSING SESSION TODAY

light upon a community as possible.
He advocates a greater circulating
medium at that time, and one of the
means to this end is to hold to the
reserve as far as possible during good
times and let it out during the times
of depression. This paper should be
published in its entirety and read by
every one interested in finance.
Mr. Lynch, OF one of the large banks
of San Francisco, followed Mr.. Jess
and Spoke on Bank Taxation for State
Purposes. His remarks We're extern
poranious and were full of interest
and profitable to all. Mr.. Lynch is
called the Heney hacker of graft
prosecutions.
Herbert Tenny of Tucson spoke
very Interestingly of the panic of 1898
and gave very many Interesting anee-
dotes Of the conditions which prevail
ed at that time He stated that there
was not as much money in all the
! banks of the territory then as there
is today in the banks of either of the
cities of Bisbee, Tucson, Prescott or
Phoenix
The report of Treasurer Christy
was read, which was followed by an
address by Mr.. Essex, of the Com
mercial Bank of Los Angeles, on the
subject of Bulk Sales Law. He show
ed that nearly all the states OF the
union had this law, and it proved a
great boon and protection to all bust
ness men. 1t prevents the scoundrel
from beating his just creditors and
defrauding the community. He adj
vocated that this be inauguarted in
this territory as one of the careful
projections to all business men.
At Country Club Last Evening
The scene was a brilliant one at the
Country Club last evening, when the
visiting bankers were entertained.
Boti the house and entertainment
committees had done their work well
in the matter of preparation, and the
guests were. made to feel at home
every minute of their stay at the club.
1t was one OF the happiest gatherings
noted in many a. month.
The beautiful club. house was flood
ed with electric light, and in the huge
fire place the logs blazed up meTrily,
adding to the cheerfulness of the .ov-
casion. The Mexican band sent
strains of the soft, dangerous music
of the southland through the halls,
ever and anon striking the chords u.
lively airs. The tables in the dining
room were ready at all hours of the
evening with delightful collation., 70
which the visitors did ample justice.
Promptly at O'Clock the floor was
cleared for dancing, and the grand
march, led by W. II. Brophy, was
commenced For hours the dancers
kept step with the music. and no col
lection of men and women could have
enjoyed themselves more.
From start to finish the visiting
bankers were loud in their praise OF
the country club. Many of them come
from districts where there are no such
means of social relaxation, and they
! were greatly impressed with their own
need after the experience of last even
ing. Some of them, desiring to en-
courage the idea in a practical way,
took out nonresident memberships.
The committees in charge of the
entertainment last evening were as
follows: Bankers Entertainment com
mittee-J. F. Hood of the Miners &
Merchants bank; NJ J. Cunningham, of
the Bank of Bisbee; VI. IL Rankin, On
the Citizens bank, and W. Y. White, OF
the Bank Of Risbee. House committee
w IL Brophy, Charles NJ. Mexican.
Or. C. J.. Caven, DIR. F. E. Shine and
HovaI A. Smith. Floor committee-C.
/. McReynolds, T. o. McGrath and
Paul Stevens.