Rocky Ford enterprise., 1908-01-31
BANKS AND BANK RUMoRs.
One Modest Money Institution viii
Surely Incorporate.

Bank news" has been and still
continues to be the chief news in To-
cal circles. Heretofore. the current
query: "any news this morning. was
known 10 have reference at once to
news" in regard to banks that had
been; now il may imply some sort OF
interest in the banks that are to be.
One OF the latter is the bank that
the Carleton brothers OF Cripple
Creek and Colorado Springs are sup
posed to be about to open in Rocky
Ford ana in the Dod"c Hale build
ing. just as soon as the time seems
ripe for 4 new financial venture III
this locality. As reported last week.
the building is said to be already
leased for the purpose. This may be
so. But the more probable situation
is that the recent new lease OF the
Hilhkcr stand have agreed to give
way for consideration IL il is found
desirable on the par; oi the money
interests concerned to open bank
in Rocky Ford. The projectors have
the money without doubt. and the
rumor ;ha, the bank will be capi,aliz
cd for half million is no, a, all inn
possible of belief. Indeed il was
from this same monicd source that
time looked iur the financial prop
that would hold them up aud tide
them over the perilous period that
ended in collapse. But the fact that
these same officers are now turning
TO tiicir local friends. and even their
ars;whilc enemies OF lowly financial
degrcv To- 80 upon the bond, that
will save them from going to the bas-
tile. shows how poor q reed we lean
on when We look to those who have
the most 10 make sacrifices for
friendship sake. That aside howcv-
rr. the reasonable deduction from Tu-
NOR j, that we will have a substau-
italy capitalized bank on North Main
street IN the near future u the busi-
nrss field seems 20 warrant t.
ln the meantime there arc equally
persistent rumors that some equally
well fixed parties are IN negotiation
with the First National Bank OF
R0cky Ford with a view to putting
some Of their abundant money aud
tic backing OF their good name into
the south side institution. The Off
GERS OF tile bank are not telling their
private business to Tom. Dick aud
Harry. but IL il Is any OF the general
puhlic's business they are quite safe
To- assume tNat tNC HatSUtts VI "
cblo have found the Rocky Ford
country sufficiently profitable source
OF interest revenue To- continue to
keep in close ,oueh with it.
<fhe.siiiri and latest. and II not ;iic
last ana least. at all events the most
tangible oi all the mooicd bank pro-
jcets. the news OF which has been I'LL.
ing the air for the past few weeks.
Is Tho Peoples Home Bank OF
Rocky Ford" The papers for the in-
corporation arc probably now duly
filed with the state authorities. II
is capitalized for the modest sum OF
$4,000. and will occupy the premises
vacated by The Farmers K Merchant.
Bank in the Steele building on South
Main street. The president elect Is
G. NJ. CofFman. late OF Kansas. the
vicc-prcsi sidcnt is Ralph p. Collins. II.
N. Ingraham. |. l.. Smirl. Q. +. Ad-
ans ano &C the others
who make up the first board OF dircc-
tors. A son of Mr.. CoHman. now
looking after banking interests in
Kansas. will come on and probably
take the position of cashier in the
new institution. There arc some
twenty or thirty OF our well known
permanent residents Of moderate re-
sources who have become stoekhold-
crs for moderate amounts in the cor
poration. and IL is expected to open
for business at an carly date.
Latest information Is to the effect that
the Casictons have withdrawn from the
proposition to start a bank In Rocky
Ford.