The evening herald. [volume] (Albuquerque, New Mexico) 1914-1922, 1917-07-10
HIGH PRAISE GIVEN
THOMAS ]. GU|LFO|L
BY WICHITA PAPER
Former Albuquerque Man Is Max.
ing a Record With the Federal
Land Bank System; McManus
Also Comes in for Much Credit.

Albuquerque people viii be inter-
estcd In reading the folio wing from
last Fridays Issue OF the wichita
EAGLE regarding two former residents
OF Albuquerque;
High honor has come To T. J. .iuii-
foil. secretary Of the Federal LAM
Bank OF Wichita.
"He has been named chief exnm-
liner and general auditor OF the Fed
eral loan board. Of Washington. and
will leave Immediately to take IN his
new duties BY July IS, His rosiEui-
ton as secretary Of the local bank
became effective yesterday.
NJ Guilfoii bears the distinction
OF being the youngest director ami
officer OF any member bank OF tho
Federal Land Bank system.
He has been secretary u tho
Wichita bank sincc its organization
on February ie. lie Is n banker OF
exceptional ability. his particular cN-
ecutive capacity serving well In the
responsible position hc has held. This
was recognized by his appointment
To the very responsible position which
he goes TO accept.
He will be succeeded In the Wichi-
"a Federal Land bank by John X. Me-
Manus. 81 santa Fe. New Mexico.
Mt, Mcsianus IL a young man, al
so. just SO. He has been engaged In
banking and commercial lines In tho
west for ten years. For six years h
was city clerk Of the city OF Albuquer-
que, New Mexico. He successfully
managed for three years the New Mex.
leo State Fair. held annually AT Albu-
querque. Since January 1912. he
was superintendent OF the New Next
co state penitentiary ~ Santa Re. His
administration was the most success
full ever given TO the state 90 New
Mexico. and reached the highest point
Of efficiency. He has a uation-widc
reputation FOR efficiency in the man
agement ~ this institution and during
the last fiscal veal. ended November
80. 1916, the average cost OF main
%,enance Of prisoners per capita was
the lowest attained by any like iusti-
tuition in the United states. Mr. Me
Manus takes an active interes in al
affairs with which good live proprcs-
sive citizens are Identified. lie D.
married and has two children.
The Federal Land bank Of Wichita
was the first bank To perfect it, or
ganization n the first bank to make
a farm loan. loan number one haNing
been made 10 \. L. %stockwelI OF
Harmed. Kansas. ON April 10. 1917
The forms. blanks and detail O
ing methods iuaugurated bv the
Wichita bank have been adopted nr
"a majority ~ the member banks op-
Grating under the Fedora Farm Loan
The bank Il Wichita was also tltc
first institution operating under IN"
Federal Farm Loan act 20 make ap
piication FOR an issue of farm LOAD
bonds. This application being made
ON June Is. 1911 Tor an authorize :
issue Of s5OO.o0 and this preference
viii give TO the wichita bank the hon
or Of being the author of the first .--
sue Of first Farm Loan bonds 10 DE"
issued under the provisions OF he
Federal Farm Loan act.
At the close Of business, JuiN 3
1917. the Wichita bank had received
and registered GtiI applications f1t,
loans from the % a states 100 itS disc
trict. ag%gregating in excess of tli
600. 600 ana had actually luancd and
paid out on loans az the same date
$500. 900 These facts indicate some
thing OF the progres made Toy inc
Wichita bank. which. without pue
ton Is the leader ~ the system ~ AL
details aud as the volume Of business
as well. Mr.. Guilfo} has been active
in the shaping of the policies OF to-
Wichita bank u The recognition OF
his ability indicated py his advance
ment 10 a position Of greater rcsp"n
sibilitics Is fully appreciated hy the
officers and directors Of IN" wichita
bank. with whom ne has been 'sso
GATED.
the officers ~ the Federal Land
i,ank 81 Wichita. are u. T. Callahan,
president. Milas Lasatcr. vice prosi
dent. John y. McManus. secretary