Arizona republican., 1917-06-11
N[W BANKING INSTITUTION |5
 MONUMENT T0PROsPER|TY AND
 BUSINESS ACUNEN IN SOUTHS|DE

The Salt River Valley bank" is the name that was chosen Dv the founders of the splendid SOuthside institution which in eight short years has out grown it's old quarters and has builded for it's home d pile of brick cement and marble which in the language of an admiring observer seems good for thousand years
 Th Salt River Valley bank began business in January. 1909 q little over eight years agO Began very mOdestly for Robert Scott, its president from the beginning. is about the last man on earth to make any oStentiOus dis play and yet from that very first modest beginning, men all over the valley had faith in the future of the new bank At it's head was a man thirty years in Arizona and thirty years in Arizona means that the pub lie finds out pretty well what sort of material has entered into the makeup of an individual. Arizona folks have never been noted for inquiring into any mans past. That's his own 3Usi ness, but they claim the right to look ut how man is living here and the verdict on Mir Scott was safe and strong and honest"
 The opinion of the pOpulace
  uf his presidency no man has yet been found with desire to change the verdict. With MT. Scott in the founding of the bank was L. W. Still well. who departed this life only re- gently Mir. Stillwell was by nature en- (Iowed with clear business brain. and brought to the bank this acumen, coupled with experience in the banking business in Kansas, and in his posi- iion as cashier he had ample oppor- tunity to so handle the banks af- fairs as to make e1ch years statement show up better than the last. As fur ther evidence of the confidence of the public in the way these men with the ce-operatien of Q wisely chosen board of directors were handling the affairs Of the lusty infant, the deposits in creased steadily and surely. No cashier ever stays long at his window put that the loans necessarily refused, gain for him the i'll will of some. but the writer of this article was talking to the widow of q man who in life had been in rather strengthened circum- stances because of years of ill healtI, talking to her only recently at the funeral of Logan Stillwel and she with a sob in her voice said: He was always nightly good to my husband" tIOO~i, lOO. III NiAC hdS cA N''A at times much needed loan. So the f-baby'' bank started. Sounds funny, doesn't it, when one looks at that massive structure with it's reinforced concrete walls and the statement with it's total resources of $337 ,200.G0.
 The following comparative state ment for the past five years will give some idea of the growth of the Salt River Valley bank:
 Comparative Statement
 April April f
 1912 1917 Capitaf stock s 25,00000 25,000.00 Surplus a.7d prof
 it's ,. 2,93S.2f S,246.11 Deposits ...... 136,64068 299 "A Loans o 05,459.72 226.457.34 Total resources 166,55620 S3L20961
 Two years ago MT. Stillwell, on ac- count of i'll health retired from the bank and his place was taken by W. M Beach. Mir Beach had been with the bank since about a year after it's founding. and brought into his official position as cashier, this experience, to- gether with the necessary young blood for which the business world ever Is calling. To the regular run of his du- ies has been added much of the plan ming and detail of the new building and the working out into realization the greater destiny of the bank. MT. Beach is the fortunate possessor o1