Arizona republican., 1913-12-25
BANKS ARE IN GOOD SHAPE
 IN PHOEN NIX
Close of Year Finds Four Prosperous Financial In- stitutions in City Help ing to Build Up Both City and County

There is nothing indicative Of the l SrOWth of d city Unat Is better than survey of it's banking institutions. l Last year there were four of the chief financial institutions of the city that reported deposits of over six millions of dollars with resources of probably d million and a half more. With the end of the year 1913. these total re- sources of the banks of the city have grown until now they nearly top ten millions of dollars.
 The banks of Phoenix are the lead CTS in the work of making a bigger and better Phoenix and d more pros porous and more populated Salt River valley. In the list of all the institu tions that are pressing forward toward greater prosperity for the people Of this section the banks are always in the forefront. It is this policy of heipfuIness of these institutions that makes them not only so popular but so great an asset to the city and valley.
 The deposits of the banks here this year exceed those of last year by al- most as much as the resources of the banks exceed those of last year. The same four banking institutions. the Valley bank, now three million dollar bank according to the last monthly statement; the Phoenix National bank. a two million dollar institution; | the National Bank of Arizona, now better than d million dollar institu- ! ton. and the Phoenix Savings Bank and Trust company. also nearing the million dollar mark. are doing the same sort of energetic progressive | business that was being done last year only more of it.
 Of the total amount of the resources of the banks of the city over five millions of dollars is being used in the development of the valley That is | that amount is being circulated at all times and carried upon the books of
 the four banks under the head of loans and discounts. These loans are made 1 largely upon secured property right here in Phoenix and in the portions of ! the valley.
 This however. does not include all l the money of the banks in circulation i in that sort of work There is an i other item that reads bonds and se- curities and in this column are carried | the amounts invested by the banks in
 municipal and county and other sorts l of bonds. There are many thousands
 of dollars thus invested hy the local banks. First class low interest securi-
 ties of this section are often taken hY l the bank and the money thus invested goes on into circulation and more de l Velopment is achieved by reason of it.
 Then there is the cash item. This is
 the item that tells how much cash the | banks have on hand almost every day. ! The amount that is continually being ! turned over. The specie that is kept 1 in the vaults regardless of the United | States bonds and all other forms of commercial paper that are capable of being hypothecated for cash In the banks of Phoenix at the close of busi- ness last evening the cash amounted | to more than d million dollars.
 A section is no better than it's
 banks The banks of Phoenix and
 the Salt River valley are in first class
 shape which is one of the indications
 that the city and the valley are both
 in first class shape. The farmers and merchants are plospering and the
 valley is smiling beneath the balm. l sunshine of the most delightful win
 ters anywhere on earth.
 Kansas City to inspect scientifically
 built roads in that vicinity. MT. Hum
 bert stated that arrangements were
 made by the members of the committee
 while at Detroit to secure the services
 of an expert road engineer who will
 sired.