Do You Remember? Five Years Ago Today, Jan. 22, 1955 Temperature—high 55, low 32, mostly sunny. W. R. Montgomery, president of the Bank of Douglas, has been named president of the Phoenix Clearinghouse Association. He succeeds John E. Royall, vice pre«ident of the Fir=t National National Bank of Arizona. Elected vice pre-^-it was J. Shelby Daniel of the Farmers and Stockmen's Stockmen's Bank. Arizona Public Service Companv's board of directors yesterday announced a $16,100.000 e-n- structipn budget. for 1955. It is part of a $44 million expanson program announced last year.