Arizona republican., 1909-10-30
FINANCIAL WRITER
 VISITING ARIZONA
George p. Edwards, Editor of the Coast Banker Is Greatly Impressed With the Territory's
 Resources.

 terday in Phoenix in the course of nasty visit to the leading towns of the territory He went to Prescott on the Diamond Jo this morning. expecting to return tonight, en route back to his desk in the coast metropolis. He Is making the trip through Arizona for the purpose of familiarizing himself with general conditions and with the territory's resources. Business is the chief object of all business men, but in the case of MT. Edwards as in that of an investor. his eye is on the fu- ture rather than the present
 The Coast Banker was established by Mir Edwards only a little over a year ago. it is a monthly publication of high order. and the only coast publication devoted exclusively to banking and financial news and kim dred interests. MT. Edwards conceiv- ed the idea of paper of this charac- ter, representing practically all that section west of the Rocky mountains. and within the first year has made 1t a decided success. Beside general financial news, timely articles on fin ancial questions and special depart ments of interest to bankers and their employees, there is in each issue de- partment representing each of the coast states and territories in which appear concisely stated items of local importance in connection with bonds, securities, banks and bankers. Adver- tisements of cheap stock flotations and purely speculative concerns are not sought and 1t is designed to be as its name indicates. conservative banking | journal
 MT. Edwards timed his visit to AriZ- ona so he could attend the recent meet ! ing of the Arizona Bankers association | in Globe. and was gratified to have the association adopt it as its official organ. A full report of the proceedings will appear in the next issue. After the convention and during it, MT. Ed
 wards made a careful study of the Globe district. then visited Bisbee, | Douglas and Tucson before coming
 here and will give Prescott a day. He
 would stay longer only for the press of
 business at home, but even his brief
 tour has made him warm friend of
 the territory. What he has seen ap-
 peals to him as an index to a wond-
 rous wealth of natural resources he has
 not had an opportunity to see. and few
 residents of the territory would pre-
 dict a greater future for it than Mir.
 Edwards forsees. as indicated by his
 comments. In view of his new trust as
 the organ of the Arizona bankers. he
 says he will see to 1t that his journal
 is conducted in a manner that will
 receive their commendation.
 Until yesterday he had seen little of tbe territory except it's mining in
 dustry and it's climate. he
 former speaks for itself to all observers The latter he
 says is an asset, the value of
 which cannot be overestimated. There
 are many sections of the country built
 up and enjoying prosperity. solely
 through their climate. which in his
 opinion does not compare with that of
 Arizona, whether it be the bracing
 mountain areas or the warmer val
 leys.
 His hurried drive around Phoenix
 gave him a pleasing hint of the agricultural and the horticultur- al wealth of this valley. pres-
 ent as well as prospective. and Inc declared himself as fully confident oi
 the future greatness of Phoenix. That sounds like boosting" said MT. Ed wards. but this is an era of boosting. and though the term may have origi-
 mated as a joke, it has come to be a business axiom. Everybody boosts fl he has anything worth boosting and wants to make a success of it. and this valley surely has enough to boost. Il will take time to develop resources and | Ia in Ias but it has got to come"
 Speaking of the Arizona bankers MT 1 Edwards said they are the peers of tho
 bankers of any country. judgment formed of the men he met in Glob, ! and in his subsequent visits to Bis
 bee. Douglas and Tucson. as well a: l Phoenix. for he made friendly calli on all the Phoenix banks yesterday The banks throughout the territory a! { far as he could learn seem to be generally in good condition and wei equipped. Speaking of the larger Phoe ] nix banks he said that not only al
 to financial condition but physically by which he meant the banking houses ] equipment, office force, etc. they wil I rank well with the banks of an! II state.
 N And concerning banks in general h. paid high tribute to the countr, N banker. The New York bankers arr credited with the larger part of tn greatness in the business but tha is due mainly to the fact of their To
 cation in the center of activity ant
 their immense capital The truth i that the country banker has to mee N daily and pass on a greater variet. n of propositions and to deal with greater variety of men in a greate
 variety of circumstances. than do tn bankers of the big financial centers \ In proportion to the size of his bushes there Is a greater demand on the judg N ment and the intelligence of the coun try banker than on those who swim il n larger financial sea His bushes success is fought for equally as har N and should earn him equal recogni N tion. Sg sAs6l