Arizona republican. [volume] (Phoenix, Ariz.) 1890-1930, 1914-12-06
After the war, alliance.
Greek Proverb.
The Re Opening of the Valley Bank

The certain prospect of the early reopening u
the Valley Bank without loss depostors made a
hew town of Phoenix yesterday morning. The
which The Republican brought to the breakfast
tables of its readers had inspiritng effect
Men about their bushes light -heartedly BUS
mess and bankers of rival institutions welcom-
"a the reorganization whose capital will make
Valley Bank of the strongest financial in
situations in the southwest We hear much of the
rivalry among banks. There is rivalry for bust
ness for depostors but every bank wants its rivals
TO be strong banks such as the new Valley Bank
will be-
The trial to which Phoenix has been subjected
for the last month"; Notwithstanding the anxiety
and privation it has brought, has been worth good
deal a test more acid one could MOI
have been applied the funds of more than
1900 people whose deposits ranged from few dol
lars-a they had-to much as s3O.00O-an they
had.-tied up, there situation that in almost
any other community would have been regarded as
most desperate There would have been a
storming of the bank doors and wild excitement on
the streets. There would have been many conse-
quent failures for, in this much depended
the fortunes of the depositors who constitute
so large part of the community. Every merchant.
large and small whether himself a depostor or not.
directly affected.
Yet every man kept his head There
an angry outbreak, Incorporate expression. The
first thought of the depositors to assist the
bank for, thereby. the logical means
assisting themselves Another course-the one us
uay followed in such cases, would nave been fatal
The result has been the emerging from most deli
and critical situation without loss with
increased confidence in the strength level head
edness o the people Of this community
We have doubt that this attitude has been
a determining factor in bringing about this happy
outcome; that it has impressed strongly the gem
tlemen who have undertaken the business of re-
opening the Valley Bank; that to serve such
community they have gone farther than they or
dinarly would have gone.
All this has about a most opportune
time-on the eve of the return to the whole coun-
Try of a great period of prosperity when the
look for prices production is greater than it
has been for years We this valley not only
assured that the deposits in the Valley Bank
safe but also know that deposits the
Water Bank Roosevelt of much greater vol
than they 4. year agos-+Of the future
now assured Though it may not be until the
first of the that the money of the depostors
OF the Valley Bank will be available for their
the public confidence which has been restored is
equal it's immediate availability.
are not unmindful of the fact that the
suffered by Of the depositors. especially
If the smaller ones, is rreparable Some of them
have been obliged forego opportunities which
they had expected to grasp and of them
compelled to relnquish advantages within their
grasp. the opportunities now afforded the
whole community will be open all We look
confidently forward unprecedented activities IN
trade in building and of unexampled pros
perity in this city and its vicinity.