Arizona republican., 1914-02-08

$639, ALAS or nearly three quarters of the gain for the entire year is credit The percentage of gain in deposits for those three months was 7.2 mak- ing the showing for the first three quarters of the year only 35 per cent of the the whole gain in re sources so reported
 County Showing Excellent
 And not behind the excellence of state and city statements is the state ment that may be compiled from all of the banks of the county those of Phoenix included with those of the surrounding county towns. More than ne-fourth of the bank resources of the state are contained in the eleven banks of the county, and in the past twelve months these re- sources grew from $9,4SS25522 to $10, 0,545, ,74S.46. Here is a remarkable gain of $1,O57,493.24, or III per cent. over a year ago. This percentage of increase is 20.3 of the total in the state and in the last three months of the year $537, 7,9S7.54 of the amount was created, gain for that period of 5.1 per cent and one-eighth of all the banks of Arizona.
 Deposits in the banks of the county have kept pace in growth with those of the rest of the state or a little in advance They have grown from ST. 793, 734.O0 to $S,441,S6 This means an actual cash gain to the county of $64S, 153.46. In percentage S.3 from January to January which represents 15 per cent of all of the cash gain in deposits in the banks of Arizona.
 Only One Failure
 tabulated statement may contain much meat but it is only by thus segregating the details that the true meaning is reached. AriZona's bank resources increased in one year by nearly one-sixth and the same is true of the deposits. During that period there was but one bank failure. A Douglas institution which is to pay it's depositors a first dividend about March l, which is expected to be about 30 per cent. and it is fully eX- pected that in the end the depoSitOrS will receive 100 cents on the dollar and that the bank will either resume or a new institution be formed to take it's place.
 Among the city and county banks all are in excellent financial condition. The city banks added one-tenth to their resources and one-f fourteenth to their deposits during 1913, and the banks of the county, of course in cluding those of the city, added one ninth to their resources while the gain in deposits in the city was one fourteenth and in the entire county one-twelfth.
 Going further into the segregation it appears that prosperity is not con- fined to any particular section of the state nor to any city or cities, but is general. Agricultural communities and mining districts have gOn for ward side by side in the march of figures give some idea of the growth in population as well, for the gains are not entirely arrived at through the growth of business that was al- ready existent a year ago. Private accounts of new citizens have helped to bring the result.
 Securities in Demand
 And during this period greater pro- gress in state, county and municipal development is noticeable than for any similar period. In all sections of the state bonds are being voted foI schools, and for various county and city purposes, and it is gratifying tC see the demand that exists for such bonds in eastern financial centers al par or at a premium while the cOnfi- dence of home institutions in the sta bility of the progress that is being made is witnessed by those local in stitutions frequently overlooking al others in their efforts to invest theil funds in the securities issued to if nance local improvements This has | been especially noticeable in the ci- ties of Phoenix, Tucson and Bisbet and almost as much so in some of the smaller cities of the state. It is in | dicative of the self-reliant spirit tha' l has done so much for Arizona in the past and, continued. will force tht | youngest state of the union to the | forefront