TRUSTED NEWS LEADER FOR COTTONWOOD, CAMP VERDE & THE VERDE VALLEY
Tue, April 07

1921: BANK OF CLEMENCEAU.

BANK OF CLEMENCEAU IS FORMED WITH $50,000 CAPITAL.

"Articles of incorporation have been filed for the Bank of Clemenceau, this county. The capital stock of the bank is $50,000, and it will be issued in 500 shares of $100 each. It is stipulated that $25,000 of the capital must be paid in before the bank opens."

"The organizers of the bank are James S. Douglas, George Kingdon, William H. Brophy, M. J. Cunningham and A. J. Pickerill. Mr. Douglas is the president of the United Verde Extension Mining Company, president of the Bank of Douglas, vice president of the Bank of Bisbee and is interested in a bank in Phoenix."

"Mr. Brophy formerly was manager of the Phelps-Dodge Mercantile company but resigned in 1918, after his return from Red Cross work in France. He is president of the Bank of Bisbee, but at present resides in Los Angeles. Mr. Cunningham is vice president of the Bank of Bisbee. Mr. Pickerill is a well known business man of Prescott."

(Prescott Evening Courier; Thursday, November 25, 1920; page 1, column 3."

CLEMENCEAU BANK TO OPEN AFTER FEBRUARY 1, 1921.

"The newly incorporated Bank of Clemenceau will open its doors shortly after February 1, according to James S. Douglas, one of the chief stockholders in the enterprise."

"M. A. Patterson of the Bank of Commerce at Chula Vista, California, has been engaged to fill the position of cashier, and as soon as the bank opens for business a stockholders' meeting will be held to elect officers."

"Organized to serve the Verde district, the new bank will begin its career with a paid-up capital of $50,000, a $50,000 surplus and $50,000 stockholders' liability. Its incorporators are Major Andrew Jackson Pickrell, Michael J. Cunningham, William H. Brophy, George Kingdon and James S. Douglas."

"In the face of the disturbed business situation existing throughout the country at this time, the organization of the new bank is taken to indicate a healthy financial condition in the Verde district."

(Prescott Evening Courier; Monday, January 24, 1921; page 3, column 1.)

1932: "CLEMENCEAU BANK OFFERS REWARD FOR CAPTURE OF BANDITS"

"Officials of the Bank of Clemenceau have this week posted a reward of $1,000 to be paid the person or persons offering information leading to the arrest of the persons who held up and robbed the Bank of Clemenceau, at Clemenceau, Arizona, ... according to the statement of James S. Douglas, bank president."

In the September "robbery bandits made away with $1,700 when they held up Mr. and Mrs. Frank Work as they returned home from a picture show at 10 o'clock at night, threatening the life of the cashier's wife if he did not unlock the vaults."

The November "robbery was committed in broad daylight shortly after opening hours, when bandits entered the bank wearing Halloween masks, and flourishing guns. In both instances the bank's loss was covered by insurance."

(Verde Copper News; Jerome; Friday, December 2, 1932.)

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