[3] There, the younger Jacobs helped establish the San Diego Lyceum and Debating Club and served as the group's first secretary.
[4] In April 1867, Jacobs' father spotted an announcement in the San Francisco Chronicle that the capital of Arizona Territory would be relocated to Tucson on November 1 of that year.
Realizing the influx of governmental and military would likely cause Tucson's population to double to over 5,000 inhabitants, the elder Jacobs decided to send Lionel and his brother Barron to establish a branch of the family store in the new capital.
[5] Upon their arrival in Tucson, the brothers spent a day surveying the town, introducing themselves to the locals, and locating a store to rent.
[6] They initially saw great success, quickly selling the load of merchandise they had brought with them along with two additional shipments from California.
[7] In June 1868, a shipment of merchandise was lost when the ship carrying it sank after striking a log embedded in a sandbar.
[8] For a month, Lionel worked to fix problems with the way the business had shipped merchandise from California while his father came to terms with their creditors.
[11] They obtained "uncommon items like mirrors, violin and flute sheet music ... everything from hairpins to harmonicas" for their customers.
Meanwhile, people in the territory avoided using banknotes because it was difficult to determine the fair value of a note issued by a distant bank.
[19] By November 1877, Tucson was quickly growing and developments such as the railroads reaching Yuma and Ed Schieffelin's discovery of silver at Tombstone promised to accelerate the trend.
[20] The brothers decided to invest their resources and found a bank operating separately from their mercantile business, but were initially unable to raise the needed capital.
[24] With the growing demand imposed upon them by being bankers, the Jacobs brothers ended operation of their mercantile business in February 1880.
[30] The appointment occurred after his brother, Barron, vacated the position because the territorial legislature refused to confirm his nomination.
[31] Jacobs signed his oath of office on March 7, 1873 and resigned on July 9 to allow Pinckney R. Tully to take the position.