Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1919-04-03
CITIZENS BANK
DIRECTORS VOTE
To NATIONALIST
local Financial Institution Also
ArrangeS to Increase Its
Capital Stock From $780,
900 to 100000,

Albuquerque IS TO have another ma
tional bank--the Citizens National
succeeding the present Citizens bank,
a state institution. The capital stock
has been increased from $4,000 to
100000. Application has been made
to the comptroller of the currency for
a national bank charter and the
transition will take place as soon as
the necessary arrangements are COM
pleted.
The stockholders met Tuesday and
elected Neill b. Field. w. G. Logan,
James w. Leech, A. l. Martin j. A.
Weinman and c. T. French directors,
the last two named being new NOM
bers of the board The others were
reelected. At that meeting the cap
ital stock was increased.
Yesterday the directors met and
elected NELL b. Field president; w.
G, Logan, active vice president; Sill
vestre Mirabal and ID. A. Porterfield,
vice presidents, and James w. Iyeech,
cashier. The directors voted to change
the institution from a state to a ma
tional one and authorized that formal
application for a charter be made.
Some of the most conservative and
substantial men in the southwest are
represented among the stockholders,
directors and officers of this bank, and
under the guidance of those who will
have in hand the actual conduct of
the banks business the institution is
certain to expand and become one of
the largest and soundcst banking
houses in this part OF the country.
Our business has been growing
wonderfully" said Mr. Logan. I'VE
expect to make the Citizens National
one of the best banks in the state"
Neil 3, Field, elected president is
one OF the oldest residents in the city,
a lawyer whose fame is known
throughout the southwest and who
possesses sound business judgment.
Silvestre Mirabal is n wealthy stock
man with extensive ranches near san
San Rafael, Valencia county. but who
makes his home in Albuquerque. y.
A. Porterfield was for wears a LEADING
real estate dealer. now retired
j. A. Weinman, owner of the Golden
Rule Dry Goods company has amasS-
ed comfortable fortune since enter
ing business in Albuquerque some
thirty-nine years ago. He has shown
himself to he a shrewd, conservative,
far-sceing business man and will give
to the banks affairs the same caro-
full consideration that he has his own
business
c. Y. French, who IS in the under
taking business, enjoys the respect
and esteem of the citizens of Alhu-
querque. His election to the direc-
torate of the bank is sure to increase
its popularity.
w. G. Logan, who will have the
active management of the bank. was
for many years connected with the
Mechanics Savings bank of Mobcrlv,
Mo-, quitting the assistant cashcrship
some twenty years ago to move to
New Mexico He embarked IN the
cattle business at Englo on his ar
rival here, in which he continued for
a long time. Later for Il period tf
five years he was in the EMPLOY of
the late Solomon Luna. He took
active charge of the Citizens bank
about three years AGO, and under his
careful supervision the bank has
made most extraordinary growth,
]. w. Leeeh came here from
Tucson, Ariz.. in August of last year
to take the position of cashier in the
Citizens bank. That he has dis
charged his duties satisfactorily and
faithfully is evidenced ~ the fact
that he has been reelected to that
responsible post for another year Fer
ten years he was connected with two
Chicago banks. the Continental and
Commercial National and the Illinois
Trust and Savings bank He left
there to accept position in the Con-
solidated National bank of Tucson
coming from there to the Duke city.