Arizona republican., 1912-12-13
Union Bank and Trus t Company Expands and Becomes Largest Public Service Corporation in Southwest
WILL ATTRACT
 OUTSIDE MONEY
Assisting in Future DcNoi- opment of Entire State; Will Pursue All Features of Modern Trust Com panV

The largest public service corpora ton in the state of Arizona was launched yesterday when at meet ing of the directors of the Union Bank and Trust company the author ized capital stock of that institution was increased until now it has reach ed the million dollar mark Stimuli taneOuslN with the increase in the authorized capital of the company came the intention and desire to eX- tend the operations of the institut- ion over the entire state. and also into other portions of the great South west SO as to afford q ready market through ts'outside connections for all classes of legitimate Arizona secur- tiles and at the same time obtain ing a practically unlimited fund of outside capital for use on Arizona projects
 In thus making an extension of it's activities. the Union Bank and Trust company will in no way en- crOach upon the activities of the commercial banks. but will be of benefit to them in bringing into cir culation outside capital, which has
 heretofore not been as plentiful as may have been desired, on which ac-
 count there has been unquestionablN
 a retarding of growth of certain DOT
 tiOns of the state badly in need of
 this outside capital
 Aside from general trust and escrow business. the company has esta blished a bond and mortgage loan department for the buying and sell ing of bonds debentures. and other securities first mortgages on real es state appraisement of lands and other property: q corporation department through which will he handled the fisra affairs of corporations including the incorporation. organization and systemizing of legitimate corporations under the laws of the state; surety and fidelity. fiduciary. judicial. pro
 bate and indemnity bonds will be is sued: an insurance department for the handling of all classes of insur- ance. particularly fire. casualty lia- bility burguarly, forgery. automobile. plate glass. etc a title department for the issuance of abstracts, guaranteed | title certificates. etc, probate depart ment for the handling of estates guardianship of minors and property. and 0the' features of the thoroug1i' | modern uust company.
 1 J F. Cleaveland. who has been act | ivcly associated with the management; | of the company for several years, VIII remain as president of the company | but princIple among the new inter 1 eets of the institution is J. K. Ten nant of Los Angeles, California, "ho | vas chosen vice president and general | manager of the company. MT. Teh- 1 rant is no stranger to ArlZoha oui 1 has bean largely interested in tHls state for several wars. He is q man of energy. and anllity. anG the
 nion Iank and Trust compan- IS fortunate in securins. his services . n building up successful business. | J. r Coleman, WiIo was chosen secretary and treasure. of the ih- etitution has lived lh Arizon2 f"l many Nears He M2s for ions | tune superintendent Of Mines oi the Detrcit Copper Mining co'1panN | of Morencia. Arizona. His eXperence in connection with oue Cf the ldrSe6.
 mining companies in the soutEW"Si has fitted him for h.. part in the
 new ma na cement
 In addition to the three above nam ed. the board of directors will include | John p Orme, president of the Sat | River Valley Water Users assocla- l. ! ton, Chas p Mullen, president or Arizona Cattle Growers assocIatlon George H. Gebby, and Wm. l.. Rosa
 both men of considerable means who
 are heavily interested in the valley The substantial character of the
 men making up the management oi
 the company insures the future pros
 pcrity of the company, and it will be
 their purpose to place at the head oI
 each department men specially tram
 ed in the various lines of business
 tC the end that practical sefVlce
 may warrant the patronage and con | fidence of the public.
 | This is one of the most important
 business organizations hrougth about in the southwest, and should enJoE prosperous growth. It will uh- doubtedly be a very important fac tor in the future upbuilding of al Arizona.