Maricopa-Pima County AZ Archives Biographies.....Hickey, Philip K. 1856 - living in 1896
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Author: McFarland & Poole

p. 507-508

  PHILIP K. HICKEY. Our wisest and most conservative capitalists are now turning
their attention to the inviting fields opened to the investor in the States and
Territories of the great West, where the legitimate demand for money is by far
greater than the local banks can supply, and where the development of
surprisingly rich agricultural capabilities and inestimable valuable mineral and
other natural resources make it easy for the borrower to pay liberal rates of
interest upon the advances which he finds so necessary at the starting point.
The foundations for many splendid fortunes are being laid in such States as
Washington, Oregon and Utah and the Territory of Arizona by enterprising men.
who have availed themselves of the advantageous opportunities which have
presented themselves for the placing of capital. Perhaps Arizona is the best
field at the present time to make money in, because, while its resources are
wonderfully rich and varied, its claims have not been so fully set forth before
the public mind, and there is still time, to make use of a popular phrase, "to
get in on the ground floor.' It is quite proper for us to call the attention of
our readers to a strong and reliable institution that can put Eastern investors
in the way of making money out of the coming development of this remarkable
Territory —the Western Investment Banking Company of Phoenix, Ariz. This company
was organized on March 4, 1890, with an authorized capital stock of $100,000.
The company began business on the first day of the following May on a
subscription of 152 out of 1,000 shares paid up—or $15,200—and is to-day,
without further sale of stock, worth $30,000, and on July 3, 1895, on sixty-two
months' business paid dividend No. 1, of $236 per share. It is certain, in view
of such a showing as this, that the company is managed with notable ability and
prudence by men who thoroughly understand their business, and whose high
character and unquestionable business methods command the full confidence of all
with whom they have dealings. The officers are P. L. Kay, president: J. A.
Lutgerding, vice-president, and P. K. Hickey, cashier.

  Phoenix has a no more useful citizen and the Salt River Valley a no more
valuable friend than Philip K. Hickey, the most efficient cashier of the
above-mentioned bank. His energy, foresight and industry are phenomenal, and his
success by the exercise of these qualities has been quite commensurate. His
interests in Arizona, and especially in Phoenix, are multitudinous. The real
estate firm of which he is the head is one of the most extensive in the West, as
it is the oldest in Phoenix. As a general investment broker Mr. Hickey has built
up a business second to none in the city, and he represents a line of
investments without a superior. Besides these interests, which ought to be
sufficient to occupy the attention of an ordinary energetic man, Mr. Hickey is
in charge of one of the leading life insurance companies in the world. He also
conducts a department of notarial conveyancing and abstract work. Personally,
and with his associates in the banking enterprise, he is the owner of much
valuable real estate in and about the city and which is daily indicating the
owner's judgment and adding to his wealth. Although the upbuilding and
management of his extensive affairs have required prodigious and incessant
labors, Mr. Hickey has found time to engage in enterprises of a more or less
public character. It is to him the Phoenix Jockey Club owes its existence, and
he was also the organizer of the Arizona Industrial Exposition Association. Mr.
Hickey was born in Birmingham, Conn., in 1856. When young he was taken to the
Pacific coast and his earlier years were passed in El Dorado County, California.
Having attained a business education, at the age of seventeen he entered upon a
mercantile life, which he pursued with great success. He came to Arizona in 1880
and was first employed by L. Zeckendorf & Company of Tucson as traveling
accountant. The following years he had charge of the accounts of P. W. Smith &
Company of Tombstone. The next year he came to Phoenix and took a similar
position with William B. Hooper & Company. Before the close of that year the
firm retired from business and Mr. Hickey began business for himself, and during
the succeeding ten years the splendor of his success has been undimmed. He is
very prominent in I. O. O. F. circles. He is Past Grand Master, I. O. O. F.;
Past Commandant Canton,. Arizona No. 1; Past Department Commander, P. M., I. O.
O. F., Arizona; Past Chief Patriarch Floral Encampment, No. 2, I. O. O. F.,
Arizona; Past Grand, Phoenix Lodge, No. 2, I. O. O. F., Arizona: member of
Arizona Rebekah Degree Lodge, No. 1. I. O. O. F.; Past Grand Representative
Phoenix Lodge, No. 5, A. O. U. W., Arizona, and is a lieutenant colonel in the
Patriarchs Militant and a Knight Templar in Masonry.


Additional Comments:
From:

A Historical and Biographical Record of the Territory of Arizona
Published by
McFarland & Poole, Chicago, 1896

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