Bisbee daily review., 1914-12-01
REORGANIzE VALLEY BANK
 IN PHOENIX
Prominent Phoenix Attorney, H. M. Fennemore, Says Big Financial Interests Will Un- doubtedly Re-organize.
DEPOSITORS STANDING
 LOYALTY BY THE BANK
Fennemore Also Talks On General Valley Conditions About New Irrigation Pro-
 ject in Casa Grande Valley.

Every indication points to the pur chase of the Valley Bank of Phoenix by thoroughly reliable financial in- terests within the next few days. This is the opinion of H. M Fenne- more prominent Phoenix attorney. counsel for the Arizona Taxpayers Association and one of the best known lawyers in the state. Fenne more spent yesterday and last night in Bisbee on business. He leaves for Douglas this morning and will then return to his home and head quarters in Phoenix.
 Tte Phoenix attorney says the feature was setback to many of the merchants and hardship on many Of the depositors. the latter have and are cooperating in every manner possible. They win assist the directors, or other interests, in re-opening the valleys old time finan- ciau institution. The majority have already agreed to leave eighty per eent of their deposits in the bank for 9 period of sixty days after re- opening.
 This sentiment on the part of the patrons of the bank declares Fenne- more. is one of the chief features which will induce new financial in- terests to take the bank over and again place it on its feet The busi- ness interests of the entire valley. including the other banking interests have also been desirous of a resump- tion of business by the Valley Bank.
 Along general lines of the Salt River valleys prosperity, the attor- ney Is typical Phoenician. He fairly breathes optimism. The or ange and grape fruit crop, particular ly. came in for a decided boost at his hands
 The citrus crop, declares Fenne- more, will eclipse all others in the history of the state. The early pick ing has commenced and several cars have already been sent to eastern markets and have brought the usual top prices. As to quality. the yisi- tor says it has never been touched. Daily, he ayers, many trucks, Wag- ons and other vehicles. are to be seen making their way from the orange and grape fruit belt, north and northeast of Phoenix to the packing plants along the rail lines | into Phoenix
 Ayast number of cattle have been in the valley during the past season and they are now being turned by their owners into real profits and the greatest part of the cash received therefrom is being spent in the val Hey and in Phoenix The stock, adds Fennemore Is bringing top prices wherever it is sold.
 In regard to realty values through out the valley. Fennemore says that
 contrary to all expectation they did not drop. It was expected that with
 the general tightening Of business
 conditions throughout the state and
 the country, following the declsra-
 ton of war on the continent of Flu lrope. a depression of realty values
 in Phoenix and the Salt River valley would follow.
 Such was not tho case, however. Realty values have maintained their
 level and though the market is active
 the usual bargain buys, secured dur ling the times of business stress, are
 not to be found in the valley or in { Phoenix. This condition, adds the attorney, gives rise to the idea that values in the valley are substantial and will not be subject to any kinds
 of industrial depression.
 In the line of general development of the state resources it is interest ! ing to note that Fennemore recently } purchased. at a Pinal county sherih'l | sale, the Casa Grande Valley Cana System. Immediately after the right 3 to this system had been secured FsnnsmDre proceeded to organize th'