Weekly journal-miner., 1911-09-27
BANK or ARIZONA
 MAKES OFFICIAL CHANors
(From Wednesdays Daily. ]

(Ffom Wednesdays Daily.)
 At meeting of the board of fl, rcetors of the Bank of Arizona Mo, day afternoon the following officers | were elected.
 Ed. W. Wells, president; M B-l Hazeltinc, vieepresident; C. A. pets, cashier. and W. II. Doyle. assistant cashier. The board of director, of the institution consists of Ed. " Wells, c. A. Peter, NJ. B. Hazeltina and W. F. Hazeltine.
 The institution is the oldest bank in Arizona and was established in is77. Through panic and plenty if has stood on the same corner whet, it is now located and for many years has been the leader of the honor roll of territorial banks. There has not been a sale of any of the stock for the past twenty years.
 Tn 1877 when the bank va. ope,ea t occupied small two.s,ory brick building which in 1900 gave way to the present block. IL va. founded by Sol Lewis and N. W. Ksles. Lewis died last year but Kales ia still living in California and retain, bis interest in many banking in,titu. tions throughout the territory.
 What is now the National Bank of Arizona, at Phoenix, was originally Ia branch of the local bank but was later sold to Lewis and Kales. The local bank has a branch at Jerome and practically owns the Yavapai County Savings Bank, which was the first savings bank in the territory. A great number of territorial enter. prises have been financed by the local institution as we'll as a number of Prescott enterprises which include the telephone company, the electric lighting company, the Burke (now st. MichaeD hotel, the Palace hotel and numerous others.
 The change in the management of the bank is due to the death of Hugo Richards. the former president. Ed. w. Wells, who is the third president, having been preceded by only Lewis and Richards. has been a residen, of Prescott for the past half century and prior to his present incumbeney was vice.president.
 NJ. E. Hazeltine was originally an Ohioan but has been with the bank for the past twenty.one years. Start ing at the bottom of the ladder he has steadily climbed until he now holds the position of vice.president.
 C. A. Peter came from Edinburg. III. in 1889 and since that time, with the exception of six years which he spent in the northwest and middle states, has been connected with the local institution. He entered in the employ of the bank as bookkeepsr and has steadily advanced until De now holds the position of cashier as well ss being one of the board of directors. Although previously con. nected with banking institutions in his native state Mir. Peter has been resident of the territory so long that he is looked upon as real Hassayamper.
 W. IT. Doyle is a native of the Empire State and was connected with various banking institutions in Buf. fslo and the metropolis for twenty three years before coming to the ter ritory. For the past seven years Dc has filled various positions with the local institution and is now the assis. tant cashier.
 Aside from it's regular banking business the local institution is cele- brated for its position in the mining world being one of the largest ship pers of bullion in the territory. |