, 1874-05-17
The Illinois Trust and Savings COM
p1nys

| q2nys
The panic Of last fall demonstrated the solidi-
| ty Of several Of our banks even while it weeded
| out those which were unreliable. Among The
former was one which stood like the house built
| upon rock, and that one vas the Illinois Trust
| aud Savings Bank. This institution was one Of
| those unmoyed banks which take no extraordi-
| nary risks. Financial storms may rage, and
other banks may founder, but an establishment
| such as the Illinois Trust aud Savings Bank is
Recura. And this is one OF the reasons Of it's de-
cu1ity. No commercial or current deposits are
received. The business OF the bank ia confined
strictly. within the irnits for which it Was Or
ganlzed, namely, the receipt and care Of trust
and savings funds, and the execution
Of sstrusta. The bank has now moved
to new knd greatly enlarged quarters, At Nos
122 and LII Clark street. Tbs oticea are fitted
up with care. md, while nothing is to be seen
indicative OF q mere desire for display, al the
appointments ara Eumpsuous, il not absolutely
paiatlel:
The Illinois Trust and Savings Bank differs
from many other similar institutions, IN the
liar fssturs il not to be generally found, it is
worthy Of particular notice. It Is the manage
uaent Of trusts: That tho reader may distinctly
understand what this means We will explain
The bank proposes to act as executor for The
pie On whom this duty aeyolyes are
incompetent to discharge 1t, merely be-
cause they re- unacquainted with the
methods OF business obtaining among business
men: Widows, for INSTANCE. are frequently
sorely troubled about the estates left uron their
hands. To serve this large class OF people, tho
bank proposes to act as executor for them, to
become their agents in the management And
sale OF property. the investme Of money. aud
vestments. The trnsteeship which it thus u.s.
sume8 is to last as long as desired, either for
life, as in the case OF widows, or during their
minority for heirs. This in itself opens an ave-
nue. Of relief to many.
In addition to it. the bank proposes to manage
any other business, not only Of deceased per-
sons, rather their heirs, but Of insolvant per-
sons on behalf OF their creditors, until
such time as their business can be closed up.
Benevolent associations OR others Of = like
nature can find in this institution all the require
lnents demanded Of an agent or trustee. any
body who has been in the tiresome predicameut
Of trustee, can readily appreciate the relief
which such An arrangement offer, to mind and
body.
In addition to this, the management Of such
matters by o corporation OF wal1-known citizan7
Of acknowledged integrity and ability in fnRncia
and commercial matters may be readily uuderl
stood. With single trustee, the desirabihty-
Of any act ia left TO- the determination
that this person is infalllble IN his
judgments--and everybody knows that he is not
necessarily so-the trusteeshlp closes with his
life. Then comes arrangement Of affairs, and
the transmission OF the trust to another lndi
vidual. Sometimes this second one is we'll
ver6ed business man. Sometimes be is not. II
not, confusion ard trouble are tho consequences
Now, the Illinois Trust and Savings Bank ia
managed, not by N individual. In the multi
tuds Of coungellor8 there is wisdom, and in the
hands OF such persons ss control the movements
Of tia bank the maximum OF financial wisdom
is to be looked for.
With this Association there are many
guarantees. There is the standing Of the
bank itseH, which is something. In addition
to this, there is paid up capital Of 9500, LOGO,
and tho Directors and officers OF tho institution
are citizens Of too high standing to be ques-
toned. They are all known - solid men, and
nobody cali in Question their responsibility.
In addition to this are the assets OF the bank
and ts stockholders. An incident occurred lately
which convinced at 1east ono man OF ths desira- |
bility OF such an Institution It il not necessary
to give his bame, the facts arc matters Of his
tory. He found himself suddenly burdened |
with the care Of the St. Louis Elevator. |
He knew nothing about elevators, and |
was consequently all at aea with this ]
charge OF the Illinois Trust and Savings Com
pany, and the affairs thereof wers administered |
by them until the elevator WAS sold
The bank rocaives deposits in tie trust depart |
rnent, for which certificates are issued, Thich I
draw interest from date ut the rate Of ri per |
:ent. This is means Of profit and convenience
% persons having suna Of money which they do
1ot wish to loan on any specified time. Interest
8 also allowed on deposits payable in January
md July. The institution cordially invites the
ltteution OF every property-ownet.