Arizona republican., 1911-04-13
OLD ADAMS PLACE
 SOLD ID BANKER CASHIER OF FARMERS & MFR CHANTS BANK BUYS coUN-
 TRY PLACE.
Investment Company Organized-New
 Bank to Open May list.

The ranch home of J. c. Adams two miles north of town was sold yester day to F. $. Westfall. the cashier of the new Farmers & Merchants bank, for s12OOO through the real estate firm of Green & Griffin. Frank Shedd, an agent of the company, was instru- mental in closing the deal Mrs Adams has expressed a desire to live closer to the city, and as she plans to leave the valley at an early date for an eX- tended visit with friends on the coast she will be able to take apartments at the new hotel when she returns
 The officials of the Farmers & Mer- chants bank arrived in Phoenix at the first of April unaccOmpanied by their families, but after il was decided to locate permanently MT. Westfall sent back to Oklahoma for his family and w. r. Boiling, the president of the bank, went back to settle his affairs and bring his family to the Salt river valley. Mrs. Westfan is expected to arrive sometime during the coming week. and the Boiling family about the Fist of the month. Both families will go out to the Adams property, occupy ing it together until other arrange ments are made. Mrs. Boiling and Mrs. Westfall have both been prominent in Oklahoma society. Mrs. Westfall being a cousin of Governor Cruce.
 In an interview with a representative of The Republican last evening MT. WestfaIl gave an interesting account of the manner in which he and his business partners came to decide upon Phoenix as a permanent place of busi- ness.
 We were first attracted to the Salt river valley by an article published in the Kansas City Star describing the ceremonies of the dedication of the Roosevelt dam My brother, J. B. WestfaH. then cashier Of the Creek Bank & Trust company of SaUplpa, had expressed a wish to come west, and I asked him why we should not go out and investigate the country around Phoenix He decided to take the trip with me, and we added two friends of ours to the party before Ieaving-W. F Boiling, an oil operator of the Glen Pool district, and c. L. Garber, super intendent of the Creek Indian schools at Sapulpa.
 The trip out was uneventful enough, Dul lilt iolB SAAtANlitS OL NOlDA ltoo anu dead prairie grew very tiresome, and when we found ourselves in the Salt river valley we were filled with as tonishment at the beauty and vast pos abilities of the country. The people in our state don't know anything at all about this valley. I am convinced of it, for if they were there would be more people coming in than the land could support
 The new Farmers & Merchants bank will have a paid up capital of S25,00O and the directors have secured a ten year lease on the ground and building occupied by the National Bank of Ari- Zona before it was moved to the new building at the corner of Washington and Center MT. Westfall states that the old building will be remodeled throughout and fitted up with new fixtures and decorations, and that the first floor will be lowered to the grade. It will be a thoroughly attractive banking room when it is opened for business on the 1st of May.
 An investment company was or ganized last week by the directors of the Farmers & Merchants bank in which number of prominent city busi- ness men have taken an interest. The capital of the investment company will be s10O.0O0 and the funds will be used for farm loans almost exclusively. Bringing with them the most indisput- able proofs of responsibility, the pro motors and officers of the new bank must be regarded as substantial addi tions to the circle of Phoenix business men. The cashier of the bank, F.. S Westfall, was formerly president of the Creek Bank & Trust company of Sa- pulpa, of which his brother, who will be first vice president of the Farmers & Merchants, was cashier. w F. Bol- ing, the president, is a capitalist of large resources, and the assistant cashier, Frank Shedd, is a well known and popular young man of Phoenix.