677. Bank of Phoenix (Phoenix, AZ)

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: March 21, 1921
Location: Phoenix, Arizona (33.448, -112.074)

Metadata

Model: gpt-5-mini
Short Digest: a14783fc

Response Measures

None

Description

The Central Bank of Phoenix voluntarily suspended March 21, 1921, reopened as the Bank of Phoenix in early July 1921, then failed to open Feb 28, 1922; the state took over and a receiver was appointed in March 1922. No run is described in the articles; the 1921 suspension was voluntary. The 1922 suspension led to permanent closure/receivership. Bank charter type not specified in articles.

Events (4)

1. March 21, 1921 Suspension

Cause: Voluntary Liquidation
Cause Details: Article states the Central Bank of Phoenix suspended voluntarily on March 21, 1921.
Newspaper Excerpt: the Central Bank of Phoenix, which suspended voluntarily about three months ago
Source: newspapers

2. July 1, 1921 Reopening

Newspaper Excerpt: The Bank of Phoenix ... was opened to business at 10 o'clock yesterday morning. When the doors were unlocked by Charles W. Fairfield, state auditor, the lobby of the bank was immediately filled with friends and patrons of the institution who had come to extend their good wishes ... The opening of this bank, which closed its doors March 21, 1921, brings a sigh of relief ... reopened three months later as the Bank of Phoenix, with its capital stock raised from $100,000 to $200,000.
Source: newspapers

3. February 28, 1922 Suspension

Cause: Local Shock
Cause Details: Officers cited worsening general business conditions and especially low prices for farm products making continued solvency impossible; state banking department took over after bank failed to open.
Newspaper Excerpt: The Bank of Phoenix failed to open its doors today ... Unforseen conditions making impossible the anticipated liquidation have made it necessary for the state banking department to take over the bank's affairs, said a statement by State Superintendent of Banks Fairfield.
Source: newspapers

4. March 24, 1922 Receivership

Newspaper Excerpt: Andrew Baumert, Jr., today was appointed receiver of the Bank of Phoenix, which closed its doors February 28. The appointment was made by Superior Judge Jenckes.
Source: newspapers

Newspaper Articles (18)

1. July 2, 1921 Arizona Republican Phoenix, AZ

Article from Arizona Republican, July 2, 1921

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CENTRAL BANK OPENS DOORS AS BANK OF PHOENIX Hundreds Call During Day To Extend Good Wishes -Many Floral Offerings-Future Of Bank Is Bright The Bank of Phoenix, formerly the Central Bank of Phoenix, which suspended voluntarily about three months ago, was opened to business at 10 o'clock yesterday morning. When the doors were unlocked by Charles W. Fairfield, state auditor, the lobby of the bank was immediately filled with friends and patrons of the institution who had come to extend their good wishes and assurances of CHAS EAIRFIELD continued support AUDITOR and to the officials of SUPT OF BANKS. the bank, while

2. July 2, 1921 Arizona Republican Phoenix, AZ

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scores of floral sets from the other banks of the city and from various individuals carried messages of congratulation and co-operation. During the day it was estimated that more than 2,500 visitors entered the bank, and even with this the business conducted was said to have marked the day as a real work-day for the officers and their assistants. E. A. Tovrea, the new chairman of the board of directors of the bank, who has been in Bisbee, came to Phoenix especially for the opening, and spent the day in greeting his friends. Among the many visitors who called to express their good will were officials of other banks. Throughout the day hundreds of congratulatory telegrams and letters were received by the officers of the bank, paralleling the expressions of good-will that came verbally from hundreds of Phoenicians. In speaking of the re-opening of the bank, Arthur T. Esgate, cashier of the Valley bank, said: Proof of Valley Spirit "The reopening of the Bank of Phoenix is a splendid proof of the spirit of the Salt River valley. It is impossible to estimate the amount of good that will be done by the reopening of the bank, not only as a business proposition but for the community as a whole. It means increased stability, better business feeling and a firmer faith in this section of the Southwest." Charles F. Solomon, president of the National Bank of Arizona, expressed his good wishes in the following words: "I consider the reopening of the Bank of Phoenix-the reorganized Central bank-as one of the best indications of the stability of the Salt River valley-an indication which seems to emphasize what we know is already the case, that conditions are gradually getting better. The fundamentals of the valley, so to speak, are in excellent condition. We have the products, we have people showing the right spirit, and we are coming back. This is the spirit which helped to open the bank and has made its present good condition possible." Another expression of good-will came from William H. Thomson, vice president of the Phoenix National bank, who said: "The reopening of the bank means much to the depositors and the community. It has our sincere good wishes for the future." General Rejoicing With the reopening of the old Central Bank of Phoenix under the name of the Bank of Phoonix, with its capital stock raised from $100,000 to $200,000, there is general rejoicing over the fact that a costly receivership has been averted, and that the dawn of a newer, broader and more conservative prosperity has arrived. The opening of this bank, which closed its doors March 21, 1921, brings a sigh of relief to the Salt River valley and the state in general, for it has long been realized that the appointment of a receiver would result in a financial disaster of such overwhelming proportions that it would take years to recover from it.

3. March 1, 1922 Bisbee Daily Review Bisbee, AZ

Article from Bisbee Daily Review, March 1, 1922

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PHOENIX BANK CLOSES DOORS Re-Organized Phoenix Bank, Capitalized at $100,000, Suspends Business PHOENIX, Ariz., Feb. 28. - The Bank of Phoenix failed to open its doors today. The institution formerly was the Central Bank, which suspended business on March 21. 1921. and was re-organized three months later as the bank of Phoenix. A recent statement listed the capitalization at $100,000 and deposits aggregating $1,537,485. "Unforseen conditions, making impossible the anticipated liquidation, have made it necessary for the state banking department to take over the bank's affairs," said a statement by State Superintendent of Banks Fairfield.

4. March 1, 1922 Albuquerque Morning Journal Albuquerque, NM

Article from Albuquerque Morning Journal, March 1, 1922

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PHOENIX BANK FAILS TO OPEN ITS DOORS Phoenix, Ariz., Feb. 28.-The Bank of Phoenix failed to open its doors today. The institution formerly was the Central bank, which suspended business on March 21, 1921, and was re-opened three months later as the Bank of Phoe nix, A recent statement listed the capitalization at $100,000 and dep sits aggregating $1,537,485. "Unforseen conditions, making impossible the anticipated liquidation, have made it necessary for the state banking department to take over the bank's affairs." said a statement by State Superintendent of Banks Fairfield.

5. March 1, 1922 Weekly Journal-Miner Prescott, AZ

Article from Weekly Journal-Miner, March 1, 1922

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PHOENIX BANK UNABLE TO GO ON; SUSPENDS (Associated Press Night Wire) PHOENIX, Feb. / 28. - The Bank of Phoenix failed to open its doors this morning. The institution formerly was the Central bank, which suspended on March 21, 1921, and was reorganized three months later. \ recent statement listed the capitalization at $100,000 and deposits aggregating $1,537,485. "Unforseen conditions making impossible the anticipated liquidation have made it necessary for the state banking department to take over the bank's affairs," said a statement by State Superintendent of Banks C. W. Fairfield.

6. March 1, 1922 Arizona Republican Phoenix, AZ

Article from Arizona Republican, March 1, 1922

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STATE TAKES OVER BANK OF PHOENIX "Unforseen conditions making impossible the anticipated liquidation have made it necessary for the state banking department, after consultation with the board of directors and the officers, to take over the affairs of the Bank of Phoenix. "While the necessity of this action is regretted, the same has been done in order to conserve to the greatest degree the intersts of the depositors and creditors of the bank." The above authorized statement, made by Charles W. Fairfield, state superintendent of banks, explains the failure of the Bank of Phoenix to open its doors for business yesterday morning. The following statement has been issued by the officers and directors of the Bank of Phoenix: To the Public: We, the officers and directors ot the Bank of Phoenix, regret to announce that it has become necessary that the bank should suspend business. On last July when the bank reopened with the co-operation of the state banking department, the dethe for the positors the prospects and bonding future companies, of the bank seeming excellent and we felt confident that the bank would be able to meet its obligations as they became due. We feel that the reopening was fully justified inasmuch as the bank's affairs have been put in better condition than they were before the reopening. Since the reopening general business conditions, especially with respect to the price of farm products, have not improved as we had hoped nor rapidly enough to make it possible for the bank to continue business solvently. We could continue business, at least temporarily, as our cash assets are not exhausted, but, believed it to be to the best interests of the depositors that the bank should close now rather than to keep open with the danger that its assets might be gradually used up and it be compelled ultimately to close in a worse condition, In our judgment it would be unfair to the valley that the inference be drawn that the bank's failure illustrates or reflects upon the essential soundness of the general business situation. We deeply appreciate the support the bank has had from its custom-

7. March 5, 1922 Tombstone Epitaph Tombstone, AZ

Article from Tombstone Epitaph, March 5, 1922

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PHOENIX BANK CLOSES ITS DOORS PHOENIX, March 1.-The Bank of Phoenix failed to open its doors today. The institution formerly was the Central bank, which suspended business on March 21, 1921, and was reorganized three months later as the Bank of Phoenix. A recent statement listed the capitalization at $100,000 and deposits aggregating $1,537,485. "Unforeseen conditions, making impossible the anticipated liquidation, have made it necessary for the state hanking department to take over the bank's affairs," said a statement by State Superintendent of Banks Fairfield.

8. March 17, 1922 The Snowflake Herald Snowflake, AZ

Article from The Snowflake Herald, March 17, 1922

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Southwest News From All Over New Mexico and Arizona (Western Newspaper Union News Service.) Final plans have been made for the to afiliated with the Clovis baseball West team Texas become League. Plans are under way for the erection of a new unit of the New armory Mexico building National for Guard the of Mountainair, N. M. basketball by at The Bisbee team, High defeating School Girls' Mesa Tucson by a score of 33 to 20, won the state championship for this year. As a result of the opening of the copper mines in the southern part of New Mexico there are now nearly 400 men employed in the big smelter at El Paso. Lon C. Harmon, heading what was known as the Taxpayers ticket, was of at a drew in ballot elected that mayor Phoenix the heaviest primary vote the city's history. number of are to Las to A going large Vegas Texas attend-the cattlemen annual convention of the New Mexico Cattle and Horse Growers' Association, March 20 and 21. Mohave county in Arizona is taking steps to build a good road from Chloride to the Boulder canon damsite, in the Grand Canon. This road will run by way of White Hills. A number of mining men recently to make the of the iron near Capoperation visited Carrizozo mines plans for in the mountains. Considerable itan development Capitan work months is planned. For the first time in a night shift, composed of a foreman, three shift bosses and about fifty men, is again working at the Junction shaft of the Calumet and Arizona Mining Company's Bisbee property. G. W. P. Hunt, former governor of and Mârcus A. States senator Arizona, United from State Smith, Arizona, Legisla- former recently addressed the in session. other state were presbell ture and joint officials Governor Camp- to ent. The House gallery was filled capacity. Reorganization of the school system state at Florence, is being worked out the of Governor E. direction Ariz., at the penitentiary Thomas under with the view of the bars a better Campbell behind giving opportunity their those reto become good citizens on lease from prison. The Bank of Phoenix has closed. The formerly was the Central which suspended and was March Bank, institution 21, 1921, business reorganized on three months later as the Bank of Phoenix. A recent statement listed the capitalization at $100,000 and deposits aggregating $1,537,485. J. P. Parker, ranchman living east of Farwell, Texas, died from a bullet the stomach said to have by H. E. of State Bank, been wound the inflicted Farwell in Guy, and president of the State Bank, of the latter and Farmers' mayor Texico, taken city. N. place The M., shooting is said to have the bank as a result a fidifference. Guy was nancial outside claims arrested of selfand released on bond. He defense. What is considered the largest figuring in the liability column individual voluntary filed in years was bankruptcy amount of any petition record- clerk's in United States district at Santa Fé, when stockman office ed Wiley in the Jernigan, of William in Lulu, his Otero county, N. M., sent petition to be adjudged a bankrupt. Mr. Jernigan states that he owes the sum of $744,329 and his assets are $306,460. His main creditor is the El Paso Cattle Loan Company, for $345,000. Senator Charles E. Burton of Yavacounty, Arizona, has introduced in pai the Senate two bills proposing to $6,- increase the governor's salary from 500 a year to $12,000, and to raise the pay of legislators from $7 a day to $12. Representatives of the Chamber of Commerce who have been making an inspection of the wheatcrop of the valand the East Grand Plains district, ley report that the crop is in splendid condition and there is every indication a that the next year's crop will be bumper. The acreage is about the same as that of last year but the yield will be much better. Interest in the Vaughn, N. M., oil field is growing in leaps and bounds, inquiries are coming in from all parts of the United States, and some from be Canada. That this field will now thoroughly prospected and developed to longer a guess, nor is the field is no rated as a "wildcat" as the showing be oil in several wells drilled for and waof have proven that oil is there be ter guide in spotting wells to is drilled a for oil which almost assures production in commercial quantities trail of bad checks all the way A the continent was left by at C. Champ, arrested Ariz., according to detectives. They declared across Winslow, Charles recently Pinkerton Champ of is for swindling two hanks wanted

9. March 25, 1922 Bisbee Daily Review Bisbee, AZ

Article from Bisbee Daily Review, March 25, 1922

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RECEIVER FOR PHOENIX BANK PHOENIX, Ariz., Mar. 24.-Andrew Baumert, Jr., today was appointed receiver of the Bank of Phoenix, which closed its doors February 28. The appointment was made by Superior Judge Jenckes.

10. March 25, 1922 Arizona Republican Phoenix, AZ

Article from Arizona Republican, March 25, 1922

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ANDREW BAUMERT IS APPOINTED RECEIVER Andrew Baumert, Jr., was appointed receiver of the Bank of Phoenix by Judge Joseph S. Jenckes of the superior court yesterday. Bond was set at $50,000 which Mr. Baumert aranged yesterday and will present to the court for approval Monday. The appointment followed a suit filed in the superior court by Attorney General W. J. Galbraith asking involuntary liquidation of the bank's affairs which was granted yesterday. "If my bond is approved Monday I will begin an immediate and detailed examination of the records of the bank and exert every effort to secure for its depositors as large a proportion of its assets as possible," Mr. Baumert said last night. "I hope to secure the assistance of other banks in straightening affairs out to the best advantage of all concerned." Concerning his duties as managing editor of the Tucson Citizen Mr. Baumert said he would, for the present. give the burden of that work over to others while he devoted almost all his attention to getting into the records of the bank. The Bank of Phoenix closed its doors Tuesday morning, February 28. Airplanes in California rice fields ward off the flocks of wild ducks that come down from the North each autumn to feed on the grain.

11. April 14, 1922 Arizona Republican Phoenix, AZ

Article from Arizona Republican, April 14, 1922

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BANK OF PHOENIX TO REFUND MONEY Refunding of money deposited in the Bank of Phoenix on the last day of business, February 27, will begin this morning, according to Andrew Baumert, Jr. who was recently appointed receiver for the defunct institution. On the last day its doors were open to the public the bank received about $10,000 in deposits. In answer to a petition filed in the superior court by Murray H. Hall on behalf of himself and other depositors, Judge Joseph S. Jenckes ordered yesterday that the return of this money paid in on the last day should be made. However, in his order, the judge provided that any sum or sums of money due the bank on or prior to February 27 by any of the depositors of that date, either by reason of note or overdraft, shall be deducted from the amount of deposit. Receiver Baumert will be at the bank today with a corps of assistants to begin returning the deposits as ordered by the court. Post cards have been mailed out by the receiver to all those entitled to the refund. In case the front doors of the bank are not open, entrance may be found at the side door in the alley.

12. April 26, 1922 Arizona Republican Phoenix, AZ

Article from Arizona Republican, April 26, 1922

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BANK RECEIVER TO GIVE CERTIFICATES Authority to issue receiver's certificates to each of the five creditor banks of the Bank of Phoenix, formerly the Central Bank of Phoenix, now in the hands of a receiver, for the amount of indebtedness by this institution to them in exchange for the notes and collateral held as security, was granted yesterday to Andrew Baumert, Jr., as receiver of the bank, by Judge Joseph S. Jenckes, Embodied in the order is a form for the certificates which provides that the amount shown by the certificate as the indebtedness shall be paid within one year from the liquidation of the securities, notes and collateral released by the banks for the certificates. The certificates will bear interest at the rate of 8 per cent. According to the petition for the order, the five banks referred to and the amount of the indebtedness and security held therefor are as follows: The Security Trust and Savings bank of Los Angeles, $25,847.70, for which they hold collateral amounting to $156,121.06; the Commonwealth National bank of Kansas City, Mo., $87.838.79, collateral, $303,410.76; Irving National bank of New York, $45,182.73, collateral, $114,502.20; the First National bank of El Paso, Tex.. $36,238.22, collateral, $130,779.79, and the United States National bank of Los Angeles, $16,391.19, collateral, $26,080.56.

13. August 27, 1922 Bisbee Daily Review Bisbee, AZ

Article from Bisbee Daily Review, August 27, 1922

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RECOVER NOTES DEFUNCT BANK Settlement Is Reached For $149,000 Worth of Paper Issued by Phoenix Bank / PHOENIX, Aug. 26.-The recovery of $149,000 worth of notes and bonds, issued by the defunct Bank of Phoenix to creditor banks in Los Angeles, by the payment of $21,000 in cash, was announced today by Andrew Baumert, Jr., receiver, upon his return from the coast city where he engineered the transactions. With this deal settlements involving securities aggregating $407,000 have been made between the Bank of Phoenix and its creditor banks, Mr. Baumert announced. It is also announced by Mr. Baumert that by the payment of $38,000 securities aggregating $120,000 have been recovered from the First Nation al Bank of El Paso. Partial settlements have been made also with the United States National Bank of Los Angeles and the Irving National Bank of New York by the issuance and acceptance of receiver's certificate in exchange for collateral aggregating $138,000. All of these negotiations, it is explained. mean that the depositors stand to receive a greater percentage of their deposits than would be the case if the outstanding collateral were disposed of at forced sale. The Bank of Phoenix failed last spring.

14. September 15, 1922 The Snowflake Herald Snowflake, AZ

Article from The Snowflake Herald, September 15, 1922

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# Southwest News From All Over New Mexico and Arizona Reports reaching Carrizizo state that Miguel Montoya, a storekeeper at Rabenton, was shot and killed on the streets of the town. Figures recently compiled by the city treasurer shows that Albuquerque has spent over half a million on its paving since the year 1919. Due to the shortage of coal at the big furnaces at Pueblo, Colo., manganese operations at the Boston Hill mines near Silver City have been stopped. The recovery of $149,000 worth of notes and bonds, issued by the defunct Bank of Phoenix to creditor banks in Los Angeles, by the payment of $21,000 in cash, has been announced by Andrew Baumert, Jr., receiver. F. J. Kasper of Swink, Colo., chief agriculturist for the Holly Sugar Corporation, recommended at a meeting of business men at Las Cruces that sugar beet demonstration planting be continued in the Mesilla Valley next season. Plans are being made for the excavation of the Aztec ruins south of Farmington, part of the work to be done by the University of Denver. An auto road will be made to the ruins and sixteen men and two teams will be used in the work. F. C. Sganzini, Jr., who was given a hearing in the court of Judge Schauer at Gallup, N. M., was assessed a fine of $100 and costs and sentenced to serve ninety days in the county jail, but the jail sentence was suspended. The charge of carrying a deadly weapon was filed by the district attorney. Police on both sides of the international line at Nogales are searching for Juan N. Beltram, city treasurer of Nogales, Sonora, who is reported to have disappeared following the recent discovery of an alleged shortage of $1,492.25 in his accounts. It was reported in the Sonora town that the shortage was believed to be as high as $20,000. The tax commission will follow District Judge Harry P. Owen's decision in regard to teachers' pay, J. E. Saint, tax commission chairman, stated when the commission took up the Torrance county school budget. Under the decision the highest pay that can be given a teacher in one, two or three-room rural school is $110 a month for nine months. The gold strike reported from the United Verde Extension mine, near Jerome, Ariz., recently, continues to be a topic of interest in the Verde district. While no statement of the extent of the find has been given out as yet, it is practically certain, it is said, that the deposit will prove of great value, with the ore growing richer as the drift is advanced. How two 15-year-old girl chums tired of convent life and left the institution through the window at night, joined a circus showing in El Paso, and were rescued in Juarez, was told at a preliminary hearing given Secundino Esquida, part owner of the circus, at Las Cruces. The circus man was held on a $5,000 bond on a charge of kidnaping, pending the outcome of the hearing, which is to be resumed shortly. The strike of the United Mine Workers of America which has been in effect at Gallup, N. M., since April 1, has been called off by the officials of the district headquarters at Pueblo, Colo. The men were instructed to "return to work wherever they can obtain it." Many of the miners, it is said, have made arrangements to go to some of the eastern states where the operators have signed contracts with the union. Protection of the town of Holbrook, Ariz., from flood waters of the Little Colorado river has made necessary an appropriation which will increase taxes more than 10 per cent. In accordance with the state law, in such cases, the town authorities have asked the State Tax Commission for an emergency appropriation of $20,000. According to a report given out by the postoffice officials some thirty offices in New Mexico will soon be discontinued. The list follows: Platero in Bernalillo county; Trachedo in Catron county; Felix in Chaves county; Center Valley and West El Paso in Dona Ana county; Ruia and Swartz in Grant county; Haile in Guadalupe county; King and Beauty in Lea county; Desco in Lincoln county; Rinconada in Rio Arriba county; Benson, Garrison, Kermit and Valley View in Roosevelt county; Casa Salazar in Sandoval county; Cherry Vale, Park Springs, Tecolete, Trujillo in San Miguel county; Pojuaque in Socorro county: East View, Quari, Manzano, Pinoswells and Varney in Torrance

15. March 30, 1923 The Coconino Sun Flagstaff, AZ

Article from The Coconino Sun, March 30, 1923

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PERRY WILLIAMS APPOINTED RECEIVER BANK OF PHOENIX Perry Williams of Phoenix was appointed by Superior Judge Dudley Windes to succeed Andrew J. Baumert, Jr., as receiver of the Bank of Phoenix. The court order instructed Baumert to turn over the assets of the institution to the new receiver as soon as the latter has qualified by furnishing a $50,000 receiver's bond. The order also granted Mr. Baumert $7,000 for his services as receiver and $5,500 for attorneys' fees. Williams, who was appointed receiver as a result of Baumert's resignation, is a retired business man and a pioneer of Maricopa county.

16. December 29, 1923 Arizona State Miner Wickenburg, AZ

Article from Arizona State Miner, December 29, 1923

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Arizona in and for the County of Maricopa. Security Trust & Savings Bank, a corporation, Plaintiff, VS. Jordan, Grace & Phelps Land Company, a corporation, Arcadia Water Co., a corporation, E. O. Brown, Bank of Phoenix, a corporation, Perry M. Williams, as Receiver No. 17661-C of the Bank of Phoenix, a corporation; Frederick Kruse, Walter J. Thalheimer as Trustee in Bankruptcy of the Estate of Frederick Kruse, a Bankrupt; Dorothea Kruse, Roswell G. Hocking, Mercer D. Wilson, Mary C. Wilson, J. H. Wickware, Mabel E. Wickware, Walter J. Tha!heimer as Trustee in Bankruptcy of the Estate of J. H. Wickware, a Bankrupt, D. E Faber. Defendants I Public notice IS hereby given that the undersigned, as Sheriff of the County of Maricopa, State of Arizona, pursuant to a special execution issued out of the Superior Court of the State of Arizona in and for the County of Maricopa, and to me as Sheriff directed and delivered in the above entitled cause, will sell on the 10th day of January, 1924. at the hour of ten o' clock a. m, of said day. at the front door of the Court House of Maricopa county, at Phoenix in said county, to

17. July 4, 1924 The Coconino Sun Flagstaff, AZ

Article from The Coconino Sun, July 4, 1924

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any funds were on deposit in the Central Bank of Phoenix or in the Bank of Phoenix. That there was no record whatever of this money and that this money was never turned over to defendant or received by defendant at the time he assumed office for at any other time. The answer further says "that any funds or any public moneys of the state of Arizona, which may have been collected and received in the office of the State Land Commissioner, and may have been lost to the state of Arizona either through the insolvency of the Central Bank of Phoenix, or Bank of Phoenix, or lost for reason of any lack of deposion tary bond of that bank, or lost for reason of lack of and other proper security to the state for any such deposits, were public funds received in the office of the State Land Commissioner during the term of a predecessor to defendant in that office, and during that preceding term placed in said bank; and were funds as to which no account was ever rendered to this defendant by such predecessor, and were funds which never came into possession of defendant, and were funds as to which the records of the State Land Department contained no record thereof as public funds, or otherwise, and were public funds, which if lost to the state of Arizona, are so lost due to the acts of other officers of the state, and not lost through act of defendant at all concerning such funds. "That after the Central Bank of Phoenix suspended business in March 1921, it was discovered that an account existed in said bank, which carried upon its books as the 'State Land Department, Change Account, in which there appeared to be a balance of seven hundred three and 43-100 dollars, due from the bank, and subject to check to be drawn by B. H. Clark, deputy state land commissioner." That none of the records in the office of the state land commissioner disclosed anything at all as to the source of such account nor was there in said office any records, vouchers, or documents, which in any manner connected that deposit or ac. count with the official business of that office. Nor was such account or any item thereof, or portion thereof, included in the accounting as be tween this defendant and the pteceding state land commissioner. That defendant is informed and believes and SO states as true, that B. R. Clark removed from office of the state land commissioner all returned checks, vouchers, checkbooks, bank and pass book, and such other records is kept by him pertaining to the account in this paragraph referred to, and did so prior to the time this deiendant came into office as state land commissioner. And caused such action to be taken by the Central bank as would put said clerk in possession of checks drawn and paid from account, and of bank statements as to the condition of said account, after he ceased to be such deputy state land commissioner. That attached to this answer and made a part hereof, are three photographs, one of a ledger sheet of the books ofthe Central Bank of Phoenix, which shows the state of said account as it finally appeared upon said books, one of which shows

18. December 13, 1924 Arizona State Miner Wickenburg, AZ

Article from Arizona State Miner, December 13, 1924

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# SHERIFF'S NOTICE OF SALE ON EXECUTION AND ORDER OF SALE NO. 19664-36-330 In the Superior Court of Maricopa County, State of Arizona. E. T. Sherer, Plaintiff, vs. Jesse W. Eyer, Clarence C. Clement and Hattie Clement, his wife, Perry Williams as Receiver of the Bank of Phoenix, John T. Taylor, Ella K. Bennett and H. C. Bennett, her husband, Houston T. Mayfield and Alice Mayfield, his wife, C. C. Mayfield, S. C. Mayfield, A. J. Fram and Jane Doe Fram, his wife, and Harry L. Shedd, Defendants. Under and by virtue of an Execu- tion and Order of Sale issued out of the Superior Court of Maricopa County, Arizona, and to me as Sher- iff, duly directed and delivered in an action wherein E. T. Sherer was Plaintiff, and Jesse W. Eyer, et al, were defendants. Whereas, on the 26th day of No- vember, 1924, E. T. Sherer recovered a judgment in the Superior Court of Maricopa County, State of Arizona, against the property described in plaintiff's complaint in said action and hereinafter described, for the sum of Three Thousand and Thirty- six and 33-100 ($3,036.33) Dollars with interest thereon at the rate of ten per cent per annum from Novem- ber 26, 1924, until paid, together with the sum of $303.63 attorney's fees, with interest thereon at the rate of six per cent per annum until paid, and the further sum of $64.30, plain- tiff's costs and disbursements in- curred in said action, taxed and al- lowed at said amount, together with a foreclosure of plaintiff's mortgage lien as against each and all of said defendants upon the following de- scribed premises, to-wit: The North Half (N½) of the Northwest Quarter (NW¼), and the Southwest Quarter (SW¼) of the Northwest Quarter (NW¼) of Section One (1), Township One (1) South, of Range Two (2) East of the Gila and Salt River Base and Meridian Lines, in Mar- icopa County, Arizona, contain- ing 120 acres, more or less. Public notice is hereby given that I will on the 29th day of December, 1924, at the hour of 10:00 a. m., at the front door of the Court House in Maricopa County, Arizona, sell all the right, title, claim and interest of the within named defendants, in, to, and of the above described property to the highest and best bidder for cash and lawful money of the United States of America. Dated this 1st day of December, 1924. JERRY SULLIVAN, Sheriff, By ROBT. E. WILSON, Deputy Sheriff.