The Republican journal., 1875-08-05
From the Portland Transcript.
Portland Safe Deposit Company.

lh> company has recently been organized
under :; charter granted by our last legislature,
and Is now under the management of Il board
OF fifteen Directors and shareholders, of this
city and other parts of the State, whose names
appear in the card of the company i'll our adj
Using columns, and who Will at once be
recognized aS among our most careful and rc-
Spon~ibie business men.
The business of this company has, for the
past three years and mp to The time Of the re-
cent organization under its charter, been man.
AGED by priv ate individuals, and during that
time has been patr0nlIed moi only bv citizens
of Portland. but by many from other parts of
the State. that now it may he considered As
Il State Institution. almost Indispensable to all
those persons who desire an absolutely safe
depository for their Saluahes. 1t is especially
adapted for the safe keeping of the securities
Of Savings Banks which are not already sup
piled with fire and burglar-prool safes, il being
well known that ordinary safes are no protec-
ton against burglars. and in most cases not
against fire. 1t would also be the most con
Nenient place for the Bank Examiner to meet
the treaSurers of the banks, and make his an
nual examination of their securities and the
state Of their affairs. Many of the Savings
Bank, have already ayailed themselves of this
opportunity.
The importance Of such an institution in the
community can readily be seen by all, but par
1cularly by thai large class of thrifty persons
whose surrounding, are untaN or:.hlc for the
safe keeping of Naluahle>
1t affords Il secure place of deposit for wills
deeds of property or trust, mortgages, notes.
contracts powers Of attorney. vouchers, poll
! cles OF Insurance. certificates. savings bank
| books. valuable papers. money. jeWelrV, plate.
securities, and papers belonging 10 literary,
! benevolent, social or religious institutions,
| widows, single women, executors. guardians,
! trustees, mechanics, formers, laborers, and all
| who are unproNidcd with private safes.
| II is particularly Serviccabe to holders of
I NpruO1tut and all other common bonds which
/ being transferable by delivery. and held by any
! innocent pOSSeSSOr against the claim of a former
owner, however they may have escaped from
| his possession, require the safest keeping.
| While retained III personal custody OF the OWE
| en- they are Il source Of constant discomfort and
anxiety. If left or concealed i'll dwellings OF
places Of business, they are liable to total loss
| BY fire. "A risk against which fire Insurance com
| panes do not insure. II deposited in banks,
| the owners have 10 receipts or vouchers tor
| them, and the banks are reluctant TO receive
| them, mourning rs they do the liability Of los
ing their charter for violation OF the National
Currency Act, by permitting such use of their
vaults, and involving their stockholders i'll risk
| to the extent of double their stock in ease they
| should be held for losses, for which they dis
! claim all responsibility.
| DEPOSIT OF VALUABIES.
The company receives deposits of vallableS
| III large and small amounts, and gives receipts
for the same containing full descriptions of the
! items, which will be delivered upon call pre-
| ciScly deposited, and distinctly stating the
extent Of tho risk assumed for which moderate
| charges are made.
4 full record is made on the books of the
company, giving the details of every deposit
and its Withdrawal, verified by tile signature
| of the owner.
RENTING OF SAFES.
| The company also offers for rent to such per
sons a> may desire, at prices ranging from SIS
| to $50 each per annum, according to size and
| location. small safes enclosed in burglar-prooi
cases, the renter having exclusive custody OF
the key, which will fit no other safe therein
the renter having right of access to it during
| business hours.
| For mutual protection, a responsible intro
duction will be invariably required OF every
| renter.
Each renter of a safe and each deIositor may
appoint deputy to act in his place with the
| company.
| CONSTRUCTION.
The iron and steel safe used by this compan,
was manufactured by the " American Steam
safe Co.. of Boston, and is unquestionablv one
OF the best ever built in this country. Thos,
persons most competent to judge pronounce il
| dGS0{Utefy fire proof and burglar proof
The safe is placed on solid stone foundation
ten feet in thickness, and is then entirely sur
rounded by two walls Of tire-proof brick, twelve
and eighteen inches thick, with an air streal
| between them; and these are covered will
railroad iron; and fire-proof arches over all.
The vault is entered by two doors of stee
and iron. each weighing about two tons, ant
furnished with the most approved combination
| locks.
Connected wnh the vault is large bushes.
office, for the sole Use of depositors, and Il
| which no others have access.
| ITS MANAGEMENT.
At least two persons are in constant attend
ance during business hours, the one having eN
elusive charge of the inner door and the Othe
OF the outer door of the safe. the "c0ntbind
tton' upon which each door is locked and un
locked being known only by the one who ha.
charge OF It, so that it requires both the yaul
keeper and the manager to open the two door,
of the vault.
NO one but n depositor or a renter of a box
Is permitted to enter the vault and but one il
admitted at a time
All strangers are required to have a respon
sble introduction before renting box. The
company also have Il private Waterman. WIN
is not permitted to leave the room in which th,
vault is situated during the night. In short
after a thorough examination of the vault an.
the manner in which it is managed we com
mend it anew, as we heretofore have done
unreservedly to all persons who would pre-
serve their property against loss by fire an,
burglary.