, 1875-08-05
THE COMMERCIAL LOAN COMPANY saw
lkCS BANK.

FHA0 IbtNNs
Regarding savings banks solely In respect to the
accommodation they Atrord the public. Tho Com
morcial Loan Company Savings Dank ia cEtltled
to be considered one OF the most accommodating
Of tho Chicago savings baoks, not only Rs to the
fAvors extended depouitoss, but a1sa IN Tho To-
cation Of tho main bank aud its branch IN sec-
tions of tba city tho most ropu1ous, aud sc.
which would otherwise be deprived Of the con.
venieneu Of bank. The man hank. located in
tbs handsome tiro'prouf stono building On tho
northwest corner Of North CLARK and Mich
| igau gt.eota. IL the only bank OF any do
| so1ipton in tho North Ds,istnu OF Chieaso-
| = territory that CONTAINS nearly 1oC 0o0 people,
! while tho branch located in the substantial htone
Twousy-Heeond street. IL the on,y bank
! OF any Kind In tho South Division Of the city
outHids Of the business centto:-a dlstt!ct
fully ~ popn!ous as the NORTH 1v's'on:
| Both Of these dis.rcta are Inhabited o7
thousands whose bussueBB se'dum or never
| calls thum 70 tic heart Of tho city. They
are largely thrifty, frugal laborinc men. who. or
the establishment OF 1 Savings bank 1n their
| taught to Esye. ....
during tbs past decade. while Chicago has been
overwhelmed With rAptcs. ilreA. aud general dla-
| agLse would make 4 handsome ehnpIer iu ht1-
tory OF the struggles and successes of Chicago's
| financial Institutions, should one ever 10 writ
ton. tbs chilling Ni1lB Of misfortune and the
hot breath Of conlagration hav6 blown upon
tbia btnk, but 1t has HitAstpol thon I'll, and
the depostta1s hAyo bsep protected.
Tbs Commercial WAS Incorporated BY the Leg
falAtu.e Of tho Stats OF 1l!lnola Fob. u, 1855
Its charter ia pcrpntua, and, Whiie It piHcca Al!
tho ueodful roetrlctions IN the management Of
The bunk It ut Tho tins stTcB all tue uecea'
sAty povcEs and prlvl'ogos for sha prosecution OF
successful huuncss. The hank commenced
business In Chicago IN lsGe. 1ta history hhco
4. hnuk kna al NgA ri nrH
succeea, its deposits contlnua!3y incFeaAlDg, and
the busiuesa OF the institution expanding and Cd.
ih1Ring. .---..-
of 1871 found It Il ths height Of prosperity. 1ts
building Wal swept AMY, but its vaults pro,
served their contents, II hns always been = ra11
OF tho policy CT tho officers to keep largo csAh
rese1ve tor emotgencies, aud to 10 secure secure the lt
| at short notice. The saunduess Of this policy
WAS toysed aud demonstrated by the Great Fire
for no sooner had tie debris cooled silfticlentiJ
to allow tho szul:a to bo opened than tho Com.
marcia. was soady to Mens the demands OF I'll
burut-out dcpoaitora. Tho next day attor tux
Great Fire tho bauk purchased tic lnarba -fron
building No. 126 Archer avenue, aud couiMeucet
paying its depotitors in full on dcn'aDd.
Az soon AZ tho smoke had cleared away 6utl!
ccnt.y, aud tho ruins bud cooled, tho banl
leased the northwest corner Of North Clark nut
Michigan etroots for tWonty years, and at onct
commenced tue erection OF the beautiful nse
, bank. Both th,e building and the one Oh Arclis
, Aycnue have massive Aro-CEoof vAultd. built II
| the most perfect and BubstAntial mal!ner Possl
, Bile, tho walls being 50 inches IN thickness an'
the Inside provided with substantial lining O
, ! boilor iron and steel. These lncloae MASSIVE
burglar aud fro-prouf safes Of tho best Amcri
. can manufacture. The opening Of tue vault
requires tho united aasstauce OF thfoo men,
j that number, no one person, o1cept the mana
| | 9sr, having the fu!! knowledge thereof.
! THE PANIC
i had no pthor effect on the Commercial than t
, influences depositoss to hold back tl.cr deposit
+ for while. Tho bank wAs In coudttion to NEE
every dsmAnd upon It. but, IN conjunction wit
ali the othor savings banks Of tho citY. It agEee
to enforce tho st1ty-dhy fuo IN ordaF to psoTsn
i I occurred. would havo been moro or aeBs injur
ous to tAa sayngs-bauk Interest In the city. III
/ amount th4t WAS withdrawn from thus bank o
account of tho general panic that exste
q | throughout tho country WAS comparatively smAl
3 TIE okaKnAL FEATURES or THE COMMERCIAL
q arc the sams ~ OF moat Of the oller Chica8
0 Savings Banks. though in some particulars I'll
: doposltor " particularly favored. Deposits c
suy aug, from 10 cents to 80, 900 are recevc<
aud Interest paid thereon 6eMi.Anuual1y at IT.
. rate OF @ Fer cent per annutn, tree from Goyert
nent tax. after 1t shall have been Deposited o'
/ added to the principal OF tho deposltots on IL
+, lint days Of January and July, aud draws nte
j., est tho Same the procit&l. thus giving The d
+ poaltof the beu0tt OF compound IAaEeHt. II IL
+ who!a deposit u withdrawn before .he t'rBt ds}
Of January or July, intereat Ia paid at tue tiuo fu
J. Ill tha full months tho nlouey haa beel' Oh deioa
L In this respect tho Commercial differs srol
!. most othaE banks. The Commercial concedaa
Il depoeltoEs ths right to drnw interest from til
i. tlst day Of any month"; II tie depost Is lhado Q
q Of bsfors rho 10th OF that mouth, providing III
/ | sum seuaips on deposit threo mentt's: Marie
o women aud minor ctll1ren lnay deposit tn tue
!, own uAmea. subject to their own order, :, d.
! posts oan bs ssnt by e1treas, banx.dzaf.. {
: poatal tnonsy-ords.. by psoPla living out Of q
10 city. All accounts sre strictly cooidential. II
= The accommodation OF working people, tho bai
Q u kept opsn On Monday aud saturday eyeninl
l. from 10 i o'clock. uepostos1 Wishing tue
families to draw money III their A6sence hi
:. isayS their books aud \ written order with thar
70 and can draw ~ they may b0 iu ueel, sna x
10 balance Can remain On doposit drawing lntasea
g. lOANk. .
"a In making loans tho bank gives tbs pteferent
d To depositofs. This ID Of the utmost important
!. 10 uaeu OF ANAL maaus. In fact, tho bAnk maxi
y I speciality Of loanIpK to such for the purpose
: building, ths bank taAiuK security o. to \
IL and building At lsss than tho current rates,
!. eass ths dsPos!tor bseom.s disssslsasd "tth Y
:. ear s4nt ssnnl.&nuusl interest paid By thA ban
l Al lar nlhtARk AhA ~