Arizona republican., 1910-05-22
ClEAvELAND ID LEAVE
 G0vtRNOR's OFFICE HE WILL BE CASHIER OF THE UNION BANK ( TRUST
 COMPANY. Reorganization Follows Lutgerdins's Resignation-H. 8. Wilkinson
 Elected President.

Al d meeting of the directorate of
 the Union Bank Trust company l held yesterday afternoon the official
 stair or that institution was reorgan-
 iZed Il. E. Wilkinson of the legal firm 1 of Chalmers X Wilkinson was select
 ed as president; J. Fred Cleaveland, ! at present secretary to Governor Sloan 1 was selected cashier to replace George Lutgerding, resigned, and was also elected a member of the board of | directors in place of l.. J. Rice Harry l.. Shedd was made assistant cashier. The changes in the personnel of the | bank officials was necessitated in part by the resignation of Lutgerdine
 which was announced yesterday, but overtures had been made to MT
 Cleaveland some six months ago urg-
 Ing him 10 accept q position on the di-
 rectorate and take an active part in
 the management of the business At
 that tune he felt reluctant To sever his
 connection with the governors office
 and had an immediate reply been de-
 manded he would undoubtedly have
 refused the offer. Since then. however.
 the matter has gradually appeared to
 him in somewhat different light The
 stability of the position and the pros
 pect of advancement and the fact that
 the bank will in the fall undertake to
 do business on larger scale, have all
 appealed to him, resulting in his final acceptance of the position Mir. Cleave-
 land has not yet resigned his position as the governors secretary; in fact.
 he will continue in that capacity dur ing the summer, but in the fall the change will be made
 Governor Sloan expressed his regret al losing the services of MT. CleaVe- land and asked him to remain with him as long as he possibly could He said, however. that he had no desire to place any obstruction in the way of | his advancement and wished him all | the success in the world.
 Il shall deeply regret" said Mr. ! Cleaveland when asked about the | change yesterday. my leaving the governors office. My experience there has been invaluable 1 have enjoyed the political life and there are many features of it that l hate to give up. The friends one make in such a posi- ton mean great deal to him. But II whatever my inclinations may be. il have the future to look to. A political position can never be considered permanent one and though the busi- ness or counting money may be lit He more prosaic il is also a little more stable in the long run"
 II Is understood that the Union Bank Trust company will in the all follow the lines of progress laid 'ut by the other banks of Phoenix IL 8 perhaps too early for the bank to make changes in it's present quarters ut the capital stock will be increased O $l00.0O0 from $50,000, and under q nore progressive management the ield of business will be enlarged Yes erdays meeting of the directors is but he first step toward this end The 'Oard of directors now consists of L. ". Coggins. George H N Luhrs, J. red Cleaveland. H. B. Wilkinson. pr. 'wetnam and Sam Mitchell. For near y 2 year the bank has had no pres dent. as w. F. Nichols. the forme, resident. resigned long ago to go to JOS Angeles. MT. Wilkinson. r,lo is 'eil known for his business ability. 'as induced to accept the presidency ie will not sever his relations with is legal partner Dr. Swetnam will emain as vice president. Harry L. hedd. the assistant cashier has been 'ith the bank several months He as for eight years in the banking usiness in Minnesota and is thor ughly familiar with every detail of George Earhardt the bookkeeper.
 thoroughly capable in this position. regard to the reorganization MT Wilkinson said, T think we have ne working force now and q strong MT Cleaveland is so ell known here and so thoroughly ustworthy that we shall look upon m as one of the banks assets