Biography of F. M. Murphy
Arizona Biographies





F. M. MURPHY, President of the Santa Fe, Prescott & Phoenix Railroad, was born in Maine, but reared and educated in Wisconsin, and has been identified with important interests in Arizona since 1877. Mr. Murphy inherited the solid and substantial traits characteristic of the New Englander and has developed in life the energy and enterprise peculiar to the Westerner. Though he has wielded a strong influence in the development of many of Arizona's important resources and his interests have been varied, he is best known through his association with the Santa Fe, Prescott & Phoenix R. R., the success of which is due, in a large measure, to his wise judgment and boundless energy. He has been connected with this road from its very beginning. The success attained by the Congress gold mine, of which he was first superintendent, can also be attributed, in a great degree to his foresight; as he placed the affairs of the company on a profitable basis, and under his management $8,000,000 worth of gold was taken out of it. He, together with his particular friend, Mr. R. N. Fredericks, and others, founded the Prescott National Bank. Mr. Murphy was president of the bank from its organization in 1893, until 1910, when he was succeeded by Mr. R. N. Fredericks. Mr. Murphy is still a director in the bank. Since coming to Arizona Mr. Murphy has made Prescott his home, and has done much for the immediate good of the town. He is a director of the Chamber of Commerce; was the builder of the Yavapai Club, and one of its first presidents. Here, too, he has a splendid home and is owner of several fine buildings. He is reputed to have brought more money into Arizona for investment than any other one man in the State. The ability he displayed in the successful management of his road during the panic of 1893 attracted widespread attention and gave him a position among the recognized financial giants of the country.

As president of the Development Company of America, a holding company with many large undeveloped interests, a position he was prevailed upon to take in addition to his many other duties, he fell heir to a lot of trouble, as the company, due to a combination of unavoidable circumstances, failed, forcing upon him the presidency and management of many subsidiary companies whose properties were in process of development and most of which were financially embarrassed. He never shirked the new responsibilities and if spared his health will yet prove to the satisfaction of all concerned that the subsidiary companies should not, and would not have failed, had they received the little additional support that they had to have.

Mr. Murphy's interests in Arizona are varied and much good will accrue to the State when the different enterprises with which he is connected are again in active and successful operation.

Mr. Murphy expects, with the help of his associates, as soon as the _Mexican revolution is over, to build what is known as the Arizona, Mexico & Gulf of California Railroad, which, with the Panama Canal completed, will prove to he one of the most, if not the most important influence contributing to the upbuilding of Arizona.

Mr. Murphy is for Arizona first, last and all the time.

From:
Who's Who in Arizona
Vol 1
Compiled and Published by Jo Conners
Press of The Arizona Daily Star
Tucson, Arizona 1913


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