Alamogordo news-advertiser., 1913-06-13
WILL START 4 BANK AT
SAN SIMON, ARIZONA.

ChaS. +. Mitchell, president OF
the First National and the Alamo
State Banks of Alamogordo.i intends
to get in on the ground floor in the
San Simon country, the great arte-
sian water belt of EASTERN Arizona
This is the coming country and is
bound to make a prosperous settle
ment for the reason that the water
is there in immense quantities and
is almost 100 per cent pure. Mr..
Mitchell has been over the ground
and after careful investigation has
decided to open bank there. Re-
ferring to his visit there last week.
the Artesian Belt, weekly news
paper published at San Simon says:
San Simon is to have good.
strong bank at once. Ii is to be
called San Simon Valley Bank.
The incorpOrators are G. 4. Mitch
ell, c NJ. Hunter and Jno. NJ. Bow
man. all of AlamOgordo. Mr.. Mitch
ell is president of two Alamogordo
banks and Is very highly recon-
mended as being a man of integrity
and push. Mr.. Hunter. who will act
as cashier. is described as a clean
man of several years experience In
the banking business in New MexI-
60. Mr.. Bowman is a state senator
in New Mexico. from Otero county,
man of means and influence who
has host OF friends throughout
his home state.
The bank is capitalized at
$4,000, the entire amount to be
paid in in cash before the bank
opens its doors. the amount being
divided into 100 shares of the par
value of 500 per share. Mr.. Mitch.
ell. who is to be the president. has
subscribed for ninety shares; Mr..
Hunter. who will be cashier, five
shares; Mr. Bowman. five shares.
"On their visit to San Simon sew
eral weeks ago on the invitation Of
Will Buck. an old friend. Messrs.
Mitchell and Bowman were carried
away with the valley and on their
return home arrangements to start
the bank were concluded. Early this
week MIR. Mitchell came back to
San Simon and conferred with Man.
ager Geo. +. Sligh of the tOwnsite
company. who. on hearing In de.
tail Mr.. Mitchell's plans. agreed e
donate two lots for the purpose on
the corner just east OF the Belt
office,
I'm his home city MIR. Mitchell
has built up a large business ca
tering to the cattlemen's interests
and IL is his purpose to make 1
strong bid for that trade here, "a
well as soliciting all othdr account,
and business that an active. bu
conservative. bank would desire
Mr.. Mitchell has a fine reputation
as a builder and booster. and is {
courteous. affable gentleman with
al.
"Will Buck has been chosen stat
utory agent for the bank In AriZO
ma"
The fact that Mr.. Mitchell has de
clded to extend his field of opera
tions To this rapidly developinI
country will In no manner affac
his large interests In AlamOgordo
His business here will receive hi
close personal attention. and Will
he viii be necessarily In San 81
mon a portion Of his time. he vii
still be one of Alamogordo's lead
Ing business men-one Of he
boosters. one OF her builders
In the future as in the past.
Knowing the Incorporators OF th
San Simon Valley Bank as we d
from years OF close business an,
social acquaintance. we can heart
lily congratulate the people OF tina
community. San Simon will sure
ly have a banking institution q
which II will be proud and upo
which Il can depend at all time
and under all conditions. II will
safe and secure and will be a pC
tent factor in the upbuildlnE OF IN
growing community.