Arizona republican. [volume] (Phoenix, Ariz.) 1890-1930, 1917-06-11

mining camps to the east, furnish
their quota to the volume of trade
centering in Mesa. This latter source
of revenue is not so much consider ed
as il should be in estimating the flu
ture of the town for with every ad-
ditiCnal home on the desert, with the
development of the mines in the Gold
field, Super ior and other districts, with
: the better grading up of beef cattle
on the plains and the as yet undiS
covered and hence undeveloped mining
possibilities along the Verde Mesa
has before it a future bright with
promise. Fortunately it has also lot
of hard thinking energetic lot of bust
nessmen who are without exception
home boosters of the first order, who
are not at all disposed to go to sleep
on the job and are working and plan
ming for the very best for the city of
their adoption.
Mesa's Banks
In estimating the business and com
munity standing, of any town, its
banks rightfully occupy first place.
Mesa is fortunate in having banks
fully worthy of the position custom
arliV accorded such institutions. The
Mesa City bank is the elder of the
two having recently passed its Gath
birthday and at no time during its life
has it had anv unhealthy periods 4
safe. strong institution, with a com
porative showing for the last five
years as follows April 1912. capital
$4,000, surplus $4,000. deposits $780,
Gil, resources. s464,64S The sure and
steady growth of the institution is
shown in the April 1917 statement
Capital $4,000, surplus S62, 500. de-
posiStS S643. 1850 resources S65S.714.
The officers and directors are the fol-
lowing well known citizens: J. J.
Fraser. president: o. S. Stapley. vice
president: J. G. Spangler, cashier; w.
E. Walters. assistant cashier; A. c.
Mcqueen, Phil Nets, j. T. Lesueur,
]. G. Peterson, John Nelson and A. ].
Chandler. The Salt River Valley bank
is comparatively new institution.
having been started only eight years
ago. The then promising infant passed
through the critical period of baby
hood and cut all its teeth with never
a backset and has developed into a
lusty young giant, which has in its
brief years outgrown its old building
and has just completed the erection
of the magnificent fireproof structure
which is described elsewhere Start
ing in modest way. the condition of
the bank on April A. 1912, was: capital
stock. $4,000: surplus and profits.
s2,92S.21;\ deposits, s136.649.6S; loans
sos, 459.71; total resources, 1856. $500.
For the same date in this present year
there is the following showing: Capital
stock. $4,000; surplus and profits, sS.-
246.11; deposits, s299107.54: loans,
S226.457.34. Total resources. 1887. 209.-
81. An unusual showing for so young
an istitution. The officers and di-
rectors are. Rooert Scott president
W. NJ. Beach. vice president; S. L.
Doughty. assistant cashier: l.. Z.
Holcomb, assistant cashier: W. W.
Dobson, w. \. Amos, V. E. Allison,
Jas. w. Lesueur and L. j. Hadlock.
Messrs. Scott and Beach are active
members of the Mesa city council.
The directors are men of known in
tegrity and financial standing Mesa
is fortunate in being able TO regard
both its banking institutions as pro-
gressive elements in the forward
march of all community interests.
The City Schools
If there is any one institution more
than another of which the citizenship
is justly proud it is the school sys-
tenn of the Gate City The highland
grade schools have a joint superin-
tendent over both but with separate
boards of trustees, five for the high
and three for the grades. The high
school has an interesting record of
progress. A statement for the last five
years shows the following: For the
year 1912-1913, there were 1870 pupils
enrolled and 10 teachers. with cost of
maintenance s16.996.53. The amount
received that year from the county
and state left a deficit of s3.554.31.
The year following there was an ad-
ditional deficit of s2.S0439. At this
time G. g. Sherwood VOC 20 lied 10