The copper era and Morenci leader., 1918-03-08
NEW BANK OPEN
 F0R BUSINESS
FORMAL OPENING OF PEOPLES BANK AND TRUST COMPANY LAST WEDNESDAY MARKS A NEW ERA IN CLIFTON FlNAN- CIAL AFFAIRS.


 GAL AFFAIRS.
 As arranged the Peoples Bank and Trust company formally opened its doors for business last Wednesday. Some delays were encountered in get ting the building ready for the open ing date, but this did not deter the enterprising men at the head of this new financial institution. Mechanics rushed the work night and day, and everything was ready Wednesday morning for the formal opening. From the time the doors were open ed till late in the evening many came to make deposits in the new bank. President Cotey was there with the glad hand to bid all welcome, and each visitor was presented with splendid cigar to smoke while mak- ing his deposit or admiring the hand some arrangements Of the bank. The lady visitors were presented with a bunch of carnations, especially order ed for the members of the fair sex who might be present on this oc- casion.
 The opening of the Peoples Bank and Trust company marks new era in the financial affairs of Clifton. Its location is in a part of the city where there have heretofore been no banking facilities, and will occupy a prominent place in financial cir cles Clifton offers sufficient facili- ties for third bank, and it's coming will be the means of stimulating the financial conditions of the town. Many places not over half as large as Clifton maintain three and four strong banks, and Clifton's financial condition will be materially streng- thened by the addition of another strong bank to the other splendid financial institutions now in operation in this city.
 Many Open Accounts.
 On opening day at the Peoples Bank and Trust Company many accounts were opened, more than expected by the management. Much money that had been cached in various places was brought forth and put in the channels of commerce, to do it's part in supplying the arteries of business with the current of financial vitality. The first to make a deposit being Adam Smith, who has been citizen of Clifton/for the past 30 years.
 The plans of this building were designed by Duncan McNeil, local architect, who supervised it's con- struction, and the building was erect ed by R. s. Black, local contractor. It is a monument to the efficiency of both of these gentlemen.
 Besides being a strong financial addition to Clifton the new banks home is one of the handsomest in this section of Arizona. The fixtures are all of natural oak, the floor Of the large lobby is of white tile bor- dered by an attractive black and white border. Leading from the lobby is a comfortable rest room for the ladies, with lavatory and toilet, which will be open at all times Of day to ladies of Clifton and vicinity, where they may drop in and be as- sured of all the privacy of their homes. This innovation will be fully appreciated by the ladies.
 The Peoples Bank and Trust com pany commences business with a capital of $50,O0O and S5,000 surplus, being organized under the rules and regulations of the banking laws of the State of Arizona. The building and vaults are fire and burglar proof. Every precaution has been made for safety in planning its construction. The large vault is built in two com partments of concrete, reinforced with steel, the doors of whcih were made by the Ely-Norris safe and lock company of manganese steel, fitted with triple time locks.
 Modern Offices on Second Floor.
 The second floor of the building is fitted up with five modern offices. These are approached up stairway and through a large corridor, oil from which is the lavatory for the occupants of these offices. This floor is finished in natural oak, like the first floor, and presents the same attractive appearance.
 Those who will guide the affairs of this new financial enterprise are men high in the business and finan- cial circles of Clifton and Greeniee county, and their conservatism is sufficient guarantee that the Peoples Bank and Trust company will be steered clear of the rocks of financial disaster The officers are O. J. Cotey, president: A H. Slaughter, vice presi- dent p. Anderson, active vice-presi- dent: H. E. Green, cashier. These are supported by the addition of the following who constitute the board of directors: Antonio Spezia, John R. Ward and T. M. Quebedeaux.