El Nuevo mexicano., 1917-07-12
GIVEN
! HIGH PRAISE BY
7 WICHITA Paper
McMANUs ALSO RECEIVES FRA.
GRANT BOUQUET ON AccEs.
SION TocFARM LOAN BANK Po.
slTioN; NEW MGxioANs MAX.
ING GOOD "a NFVffsrrtty~tt

49,
The following concerning Thoipas
y. Guilfoil ana John p. McManus ZAP
pearud In last Fridays issue Of the
Wichita Eagle, wv
High honor has come to 7. J. Gull
foil, secretary Of the Federal Lane
Phnk of Wichita.
"He has been named chfef exa :airei
and general auditor of the Fedora
Loan board, of washington, and will
leave Immediately to take up his new
duties by July Is. His resignation as
secretary or the local bank became
effective yesterday.
Mr.. Guilfoil bears the distinction.
OF being the youngest director and Of
icer of any member bank Of the Fed.
era1 Land Bank system.
"He has been secretary of the
Wichita bank since its organization
on February 10. He Is q banker Of
exceptional ability, his particular ex-
ecutiye capacity serving well in the
responsible position he has held. This
was recognized by his appointment
to the very responsible position which
he goes to accept.
McManus Man Of Ability
HE will be succeeded in the Wichi-
ia Federal Land bank by John B. idc-
Marus, Of Santa Fe, New Mexico.
Mr.. McManus Is a young man. al
SO, just 80. He has been engaged N
banking and commercial lines in the
west for ten years. For six years he
was city clerk of the city of Albuluer-
que, New Mexico. He successfully
managed for three years the New Mex
leo State Fair, held annually at Albu-
querque. Since January, 1912, and TN
til his resignation in March, 1917, he
was superintendent of the New Mexi-
ca state penitentiary at Santa Fe. His
administration was the most success
full ever given to the state of New
Mexico, and reached the highest point
OF efficiency. He has a nationwide
reputation for efficiency in the nan
ageMent of this Institution and uring
the last fiscal year, ended November
so, 1916, the average cost of main
tenance of prisoners per capita was
the lowest attained by any like insti-
tuition in the United States. Mr.. Nc
Manus takes an active interest in all
affairs with which good, live progress
sive citizens are identified. He is
married and has two children.
Bank Remarkably Successful
"The Federal Land bank of Wichita
was the first bank to perfect it's or
ganization and the first bank to make
a farm loan, loan number one having
been made to A. l.. Stockwell, of
Kansas, on April 10, 1917. The
blanks and detail accounting
methods inaugurated by the wichita
bank have been adopted by a majority
Of the member banks operating under
the Federal Farm Loan act.
"The bank of Wichita was also the
first institution operating under the,
Federal Farm Loan act to make ap-l
plication for an issue of farm loan
This application being made
on June 10, 1917, for an authorized
of $500, 900, and this preference
will give to the Wichita bank the hon |
Or OF being the author Of the first IS
of first Farm Loan bonds to be
under the provisions Of the
Federal Farm Loan act.
Az stHo CiOS5 VI uuSlfeoS, July d,
1917, the Wichita bank had received
and registered Gill applications for
toans from the four states in its dis
trict, aggregating in excess of $14!-l
300, 900 and had actually loaned and
paid out on loans at the same date
Il, 10000. These facts indicate some
hing of the progress made by the
Wichita bank, which, without quessl
ion is the leader in the system in all
letails and as the volume OF business
As well. Mr.. Guilfoil has been active
in the shaping or the policies of the
Wichita bank and the recognition OF
MS ability Indicated by his advance
nent to 4 position OF greater respon.l
Utilities is fully appreciated by the
,fficers and directors of the Wichita
bank, with whom he has been assoc
"tThe officers Of the Federal, Land
bank Of Wichita, re: d. F. Callahan,
president; Milas Lasater, vice presi-
lent; John B. McManus, secretary;
aalph Voorhees,, secretary; T. A. Hub
lard, director; ". p. q. German, regis.l
.rar and attorney"
~ AZ n