Arizona republican., 1912-03-12
PHOENIX NATL.
 HAS BIRTHDAY
Banking House Is Twenty Years Old-Comptroller's
 Compliment.
NO EXAMINATION
 FOR NEW CHARTER

| Ine GnOenlN National Bank IS | twenty years old today its charter 1 having been granted March r, 1892. 1 As national bank charters are only ! issued for twenty years the bank to- | day begins business under a new chaf- | ter, the manner of obtaining which is | the finest testimonial the bank could have.
 II is customary when banks char | ter expires. to submit the bank to q | special examination to ascertain if its i conditions are good and to force the ! retirement of any securities that may | be carried as assets. before new | charter is issued In the case of the ! Phoenix National Bank the conditions as shown by the regular examinations | have been so good an exception Was i made to the general rule. There Was | no special examination and the char | ter will be issued in WashinStOr today
 as indicated by the following extract | from letter written January 22 in the ! office of the comptroller of ne cur | rency, dated January 22 and addressed 1 to the cashier of the Phoenix National l bank. IL saws:
 Sir-Referring to the proposed px- ] tension of the corporate existence of ! the Phoenix National bank Tor d peri | cd of twenty years you are informed that in view of the condition shown by the report of examination of your bank made November IS, 1911. cer- tificate authorizing extension will be issued and mailed on March F. 1912, the date of the expiration of the pres cnt charter"
 IT D. Marshall, cashier of the PhOe- nix National bank. Was q national bank examiner for four years and says that this is only the second instance of the kind that ever came under his
 observation. A better recommcnda ton for bank could hardly he con- ceved
 Thr directors of the bank held a
 meeting yesterday afternoon, accepted
 the resignation of w. F. Staunton as
 a director and elected to succeed him
 William <. Humbert, president of the
 Arizona Seed company. Mir. Humbert
 qualified at once and starts his con
 nection with the bank, simultaneously
 with its new charter.
 A officers. except in the case of II. NJ
 Galliver who is not a director. and in the cases of w. A. Drake. L. II Chalmers and James & Douglas who are directors but not officers. Mir. Drake is the general manager of the s. F., r & r. railroad; MT. Douglas is one of the leading business men Of Douglas and MT. Chalmers is q well known Phoenix attorney.
 The president of the bank is F. E
 Cage who still claims Arizona as his residence and visits here frequently. though he snends much time in Cal ifornia, and is known as one of the successful financiers Of the coast II J. McClung, T. F. Pollock and NJ. C. McDOuGall are vice presidents. MT. McClung has been connected with the bank in that capacity and as cashier during the ten years he has lived here. Mr Pollock is moving spirit in several Arizona banks. both here and in the northern counties, and Mir | McDOuGall though now actively con- nected with the bank as vice pre5i- dent has also been a leading mer- chant of Phoenix for many years. II. 1 D. Marshall Jr.. but recently became 1 the cashier of the bank succeeding R. | B Burmister who became the cashier | o. san Francisco bank. Mir. Mar | shall has been in the banking busi l ress all his life and as indicated was | for four years a national bank eX- aminer. H. NJ. Galliver is the assist 1 ant cashier and has the honor of be- | ing the oldest cmploye Of the insti | tuition. entering it as a clerk many | years ago: this with the single ex- ception of the janitOr, Henry Davis | who has carried the keys to the bank | building ever since it was erected.
 It is timely and Illuminating to re- fer to the growth of the bank. When | the bank was first chartered it's cap | ital stock was $5O.0OO and it's deposits ! as reported May r. 1892, the first | report. were s19,S27.31. It was made | depository for United States funds l and dsbursing officers in 1905 and | its deposits have steadily grown until l last night they amounted to over | $1.S00000 The capital is now slj0, | 900 and the surplus and undivided l profits are $16l.OO0 more.
 The original promoters of the PhOe- nix National Bank were F. F. kell- l ner. E. Heyman. Chas F. Chapman, | T. w. Pemberton, D. l.. Murray, F.. J. | Bennitt. J. A Fleming. P. J. Cole | and l.. H. Goodrich Of these T. w. Pemberton and l.. Fl. Goodrich are dead: C. F. Chapman went to Miss | issippi: E. Heyman is a merchant of | Tacoma: F.. F. Kellner still has his | Phoenix interests. but lives in Cal | ifornia; D. l.. Murray is in San Diego: J. A. Fleming is in Kansas | City: P J. Cole in Globe. and E. J. l Bennitt is president of the Valley | Bank of Phoenix. Subsequently the | bank came under the ownership very | largely of D. M Ferry, l.. Bowen and | those interested in the estate of | Simon J. Murphy of Detroit, and F. | M Murphy and associates of Prescott | All of the eastern interests are now out of the bank, the stock of which | is owned entirely by Arizona people. The institution, now bigger and stronger than ever is strictly an Ari l Zona bank, run by Arizona capital and it's earnings are invested in Arizona.
 And apnnuh tbOnuh ba