Arizona republican. [volume] (Phoenix, Ariz.) 1890-1930, 1912-01-10
PHOENIX BANKS
ELECT BOARDS
Two Of the Six Institutions
Held Annual Sessions
Yesterday.
OTHER MEETINGS
WERE POSTPONED

Yesterday was the date fixed by fed
eral law for the holding OF the annual
meetings of all national banks 1t was
also the date Of the annual meetings
o. most Of the territorial banks. in fact
all Of them in this City. But two meet
irgs were held however. those Of the
National bank Of Arizona and the Nal
ley Bank
The Phoenix National Bank meeting
was adjourned until this afternoon at
o'clock as also was the meeting Of
the Phoenix Savings Bank & Trust
company. owned in large part by the
same interests. There was but a small
representation OF the stockholders Of
the Union Bank ana Trust Co. present
Yesterday so its meeting was adjourn
I'D until the 18th The Farmers &
Merchants bank meeting was adjourn
ed until today and may be further
postponed until Saturday.
The National Bank Of Arizona meet
ing was rather a formal affair ana
consisted in rejecting the same board
ol directors. At the directors meeting
which followed the same officers were
reelected. The only new feature Of
the organization was the creation of
the office Of an additional assistant
cashier and the naming Of Leslie Rhu-
art, To fill the position. Mr. Rhuart
has been employed by the bank for n
long time and is regarded as a capable
ara trustworthy man.
The directors reelected are Emil
CAM. Charles Goldman, s. Oberfelder.
Ed Eisele Joseph Thalheimer william
II Kay and Jacob Miller The Off
GERS reelected are f. CAM. president;
Charles Goldman. vice president; :.
Oberfclder. cashier; J. J. Sweeney,
cashier
The bank conditions were gone over
carefully and the stockholders were
well pleased with the achievements of
III past year.
The Valley Bank meeting resulted in
two changes on the board of directors.
Tecessitating changes in the list Of Of
fiCers. George II Hahn and r. 2. Da-
vie, retiring. The directors elected are:
T j Bennitt f e O'Neill, John r
Hampton. p. T Hurley. Harry NJ Ken
nedy, Herbert Atha. Barry NJ Cold
water, Frank c. Hatch and Lloyd b
Christy r ]. Bennitt was reelected
president: John r. Hampton was elect
ed vice president; L. T. Christy was
reelected cashier ana Sidney H Stew
art was reelected assistant cashier |
The board added another assistant
cashier TO its official roster electing
Lcbbeus Chapman to that office.
The new directors are John r |
Hampton AMI Herbert Atha. Mr. !
Hampton lives in Clifton and is well /
known in business and political circles
throughout the territory Mr. Atha
i, a rancher who lives near Glendale.
NIessrs Hahn and Davie both leave
the bank in the most friendly way re-
firing from the board solely for the |
reason that both men are 50 heavily !
weighted with other business response ]
biiities that they do not care TO be I
burdened with the banks business and [
they are Of the sort who refuse To serve T
a. q director unless they have time to .
keep in the closest touch with all the .
bank affairs Mr.. Hahn as PRESIDENT Of I
the Arizona Fire Insurance company
finds his time closely absorbed as il IS 1
~ ms anu IA 'nl''Abho
and any leisure he can secure from its /
demands is to be devoted TO his Cali
fornia interests. Mr. Davie as every
body knows is interested in a string
al sugar factories that are spread out
over the west like double bow knot
and they with his private land inter
ests give him all he wants to think
about II
Mr. Chapman the new assistant II
cashier has been in Phoenix about six
months coming here from the Ameri-
can Exchange National Bank in New
York His service with the bank here
has beer decidedly satisfactory hence
his promotion.
Not the least important feature In
with the banks meeting
yesterday was the report 10 the stock
holders that it is not only the largest
bank in Arizona in volume Of business
but that its deposits now exceed So
100000, as against $1,S00,000 year
ago.