Arizona republican. [volume] (Phoenix, Ariz.) 1890-1930, 1919-11-04
were Loo. 900 bales produced il

were 100000 bales produced in
Egypt"
Speaking of the pride which this
valley takes in its 246 stands which
are turning out an average of 450
bales a day which are worth $375 each,
Mr.. Heard called the attention Of the
bankers to the fact that there is
total of 24,272 gins in the United
States, as opposed to is which are now
in the valley.
Proceeding then to a matter which
vitality concerns the entire valley, Mr..
Heard said
while we are very proud Of the cot
ton industry in this valley and the
growth it has made, the worst thing
that we can do is to become one
crop country. We must develop our
land by system of scientific and in
telligent crop rotation. Our people
must learn to raise on their lands the
agricultural products by which we
live. The south has learned this by
grim necessity, although it was for
many years a one-crop country"
Officers Are Elected
The growth of the cotton industry
in the Salt River valley from prehis-
toric times, when a rough cloth was
? uldUe lTOIu d ndLlNe pidul. uulll int
present time, was then made by Mr..
Heard, who spoke Of the work done
| by David Fairchild and Thomas
/ Kearney of the department of agricul-
/ ture in the development of American
| Egyptian cotton. Mr.. Heard, In
speaking of present-day production in
the valley, estimated that this year.
crop, selling for rs cents a pound, will
I ba CIT nO0 0On
After the conclusion of MIR. Heard
address a communication was read by
Morris Goldwater of Prescott, secre-
tary, from the Louisiana Bankers as
sociation. After other minor business
had been concluded the meeting was
adjourned until 10 o'clock this morn
| ing, although all members of the
American Bankers association who
were present remained for an election
Of certain officers of that body which
! followed Immediately.
At this election the following bank
ers were chosen to office: r. N. Fred
ericks, president of the Prescott State
bank, member of Arizona executive
council; M. L Powers, president of the
Citizens bank of Flagstaff, vice pres
ident for 1920-21 of the American
Bankers ASSOCIATION for Arizona;
. Morris Goldwater, vice president Of
the Prescott State bank, and president
of the Commercial Trust and Savings
bank of Prescott, member of the 1925
nominating committee; w. H. Thorn
> son, cashier Of the Phoenix Nationa
, bank, vice president of the nationa
: bank section for Arizona; M. B. Hazel
: tine, president Of the Bank of Arizona
| ~ rio - he CD, =.
, bank section for Arizona; G. n. Saw
, yer, vice president and cashier of tn,
Southern Arizona Bank and Trus
company of Tucson, vice president D
2 the trust company section for Ari
, IONA; w. C. Foster, secretary and
? treasurer Of the Phoenix Savings Banl
and Trust company, vice president o
} the savings bank section for Arizona.
4 Dance and Supper
Delegates to the convention wer
entertained last night by an informa
5 dance and buffet supper at the club
: house Of the Country club, and at tn
0 conclusion of business at noon toda,
} they win visit the fair. Many Of Their
= will attend the boxing exhibition a
S Alhambra tonight
Addresses will be made at the con
e vention this morning by R R. Gilbert
manager of the Ell Paso branch of tn
e Federal Reserve bank, who win speal
t on Advantages of Membership in tn
J. Federal Reserve System" and by Da
= vid 7. Bea1s, assistant cashier Of tn
s Interstate National bank of Kansa
p City, Mo-, whose subject will be "A
Investment from Two Angles
q Election Of officers of the associa
. ton for the coming wear will oloea +b
\ program today.