Arizona republican., 1913-06-01

profits. according to their last state ment amounted to $192,o1G.2S. The concern has already financed and carried to completion several large enterprises in and about Dallas.
 Phoenix in particular and Arizona
 in general appeals to these men as offering greater possibilities than any
 other section of the country and
 they have decided to cast their lot with the future of this section.
 In speaking of the causes which
 led to the decision of making Phoe- nix the home office of the concern, MT. Silvers said yesterday
 Although other members of the Republic Trust Company were here and started investigations as long as two years ago. the first of January last was my first trip to Phoenix. I was completely surprised and en- i tireIy astounded at what I saw here. immediately formed the opinion | that this was destined to be one of 1 the greatest agricultural and indus l trial centers on the entire Pacific l coast.
 | T went back to Dallas greatly en- 1 unused and kept thinking of Phoe- nix About month ago I return | cd to Phoenix and to say the least 1 I was profoundly fascinated with the
 climate and particularly with the
 vast fields of crops and lands GOV cred with grazing stockb
 | T do not believe that the people who | have lived here for some time past have the remotest idea of the unlim- ] tied possibilities and the sureness of
 the very rapid development of Ari- 1 zona's resources that is now at hand. Upon my return to Dallas I was
 booster for Arizona. Of course, my 1 friends. many of them thought that
 was over enthusiastic. but I succeeded
 in showing many of them that Arizona
 had the most to offer in the way of
 large undeveIoped industries that were
 waiting for large capital, and that we
 would henceforth make Phoenix our
 main point of operation"
 l MT. Silvers announced that he is now l in Phoenix permanently and will do 1 This utmost to further the development ] of any reasonable industrial enterprise l of merit and that his company which l has a capitalization of over five mil | lion dollars and assets of over one and | three quarters of a million dollars, with
 a paid-up capital of one and one-quar-
 ter million dollars proposes to make l his company strong factor in the if
 nanciaI, industrial and agricultural in dustries of Arizona. He claims for the l company that it will be of great as sistance to the banks of the state, do- | ing no banking business whatever
 themselves They will, however, do a trust business and handle state and
 municipal and industrial bonds.
 The concern will be in the market for | a large number of real estate loans and | propose to finance the building and l equipment of industrial enterprises,
 such as street railways, lighting plants and telephone comanies. The resident Ilof the Republic Trust company is c. f H.. Wakefield, who has for many years taken an active interest in the business affairs of Dallas. Texas, and for two | years was the president of it's board of trade. He at present is in St. Louis in behalf of his company and expects to be in Phoenix again, June 15. MT Silvers is first vice-resident and Geo H Bird, formerly q Dallas banker, is secretary and treasurer.
 They are men widely known in the financial circles of Texas and associat- ed with them in the big trust com pany are scores of men known throughout the southwest as big men in money matters.
 MT Silvers has sent for his auto mobile and in the fall his family will come and their home will hereafter be in Phoenix
 Four other families are coming from Texas. The men are associated with
 this company and come to help com
 plete the local office force.
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