Arizona republican., 1911-11-10
ARIZONA |S
 ORGANIZING Growing Demand for Better
 Banking Methods NATIONAL CITIZENS LEAGUE Business Men Assemble at Board of Trade and Form Arizona Section With a Large Membership Aims of League.
NATIONAL CITIZENS LEAGUE

of trade. Mr Hugo J. Donau. pres ident of the newly organized Arizona section of the National Citizens League for the promotion of sound banking system. explained the aims O. the league as follows;
 The National citizens league has been organized by practical business men. quite independent of the mon ,tary commission, to aid in the for mutation and completion of sound banking and currency system. based upon sound principles and calculated l.. promote the financial strength and safety of this country. It IS sclen- tlfic economic question and II IS oi lhe utmost importance that there should be no division or coatent!Cn on political lines. IL concer'iS al the people and all the interests of the country alike and there is no public question or reform before the coun- try today. in which the business men are more interested than in sound banking laws. Ii is not a question that affects only the banks and large financial interests-on the contrary, the small merchant. the farmer and laborer. are equally if not more in terested. The large sound institutions can weather a panic. but the first man hit in a financial crisis is the smaller business man or artisan. whose loans are cut off when mostly needed on the other hand, a good ranking system, a system upon which hanks can depend for cooperation and re-discount facilities in times Of eX pansion or stress. will eliminate pan ics and help to bring about general prosperity. To aid this reform in banking and currency laws, to edu- cate the public to the proper laws required. and to secure the final pas sage of such laws by our senators and congressman, is the object of this league The basic principles of l eform agreed upon, are as follows:
 1. Cooperation. not dominant cen- tralization of all banks by an evolu- ton out of our clearing house eX- perienCe.
 ?. Protection of the credit system of the country from the domination Of any group of financial or pOlit- ical interests.
 8 Independence of the individual banks. national or state. and uniform treatment in discounts and rates to all. large or small.
 i. Provision for making liquid the sound commercial paper of all the hanks. either in the form of credits or bank notes redeemable in gold or lawful money.
 ,. Elasticity of currency and credit in times of seasonal demands and stringencies, with full protection against over-expansion.
 6. Legalization of acceptances of time bills of exchange, in order to create a discount market at home and abroad.
 :. The organization of better bank ing facilities with other countries. to aid in the extension of our foreign trade.
 It is recognized that these aims will be realized by the creation of National Reserve association. safe guarded as to control from political or financial interests. and with branches to facilitate the require ments of the various sections.
 The literature issued by the Ma tional Citizens league treats the sub ject in detail, and the league will take pleasure in supplying such at all times
 After an informal discussion of the subject and a full approval of all those present as to the necessity Of such organization. the following lead ing business men were elected as the first board of directors:
 Dwight B. Heard, Dr. A. J. Chan dler, Charles Goldman, Phoenix: w H.. Brophy, -Bisbee; H. A. Morgan. Willcox: J. C. Greenway. Warren; pr. Arthur H. Wilde. Frank H. Hereford. Phil c. Brannan. Tucson; Hon Ed. W. Wells. Thomas E. Norris, Pres colt; Charles Babbitt,- T. A. Riordan. Flagstaff; Hon. G. W P. Hunt, Judge Frederick s. Nave Globe; w. T. Webb. Pima; Charles F. Solomon. Stafford: David Cole, Ray; J. F. O'COnnOr, Florence; John R. Hamp- ton. F.. NJ Williams. Clifton; C.. R. Baker, E. F. Sanguinetti, Yuma: Ed ward Titcomb, Nogales: Fred Coulter,  St. Johns;, Ben Schuster, Holbrook. C. D. F.. Gaddis. Kingman; Hugo J. Donau, George w. DietZ. Tucson
 Besides MT Donau the officers of the league are Dwight B Heard. vice. president and chairman of executive committee: Frank H. Hereford. chair man of finance committee and Geo. W. Dietz, secretary and treasurer with Thomas H. Norris of Yavapai. John R. Hampton of Greenlee, T. A Riordan of Coconino and J. C. Green way of Cochise county as members of the executive committed
 The headquarters of the National Citizens league are in Chicago. The movement was started a few months ago by leading business men and the following are officers and directors of the rational organization:
 President. John V. Farwell of the John V Farwell company vice