, 1880-12-23


tl.c Iu.tituaton.-sghen n Flt,ct,,otton
Of 1.2 Per Cent NIcnht ltisIat.
kt,p rork Hun, Dtt. y.
On The northeast corner Of flro1lwny and
Will alrcct, hidden frun sight hy n r0l,Eh
screen Of ltimticr, hnv nrnrls 100 feet high, n
lnrgc force Of workmcn arc aI'l,nR the nppcr
stories to huiltlIiig TINT promises to bU nota
bic landmark of tho city. Tho building ls tho
jnlnt Investment OF tho First National I,ank and
tho Eut!onal Bank of tho Republic. The style
Of architecture iB lsomancs1uc. TIC estimates
upon tho building aggregated something sovcr
$KO,000. Tho land tlrDn which It stands Ia
valued at about t500, ,0oO. II Is probably snfo
cstImnto to make Tint tho property whom ready
for occupancy will have cost II 100000.
Tho throng Of bankers, Btockbrokcra, and
spcculntors that sweeps around It's btttrcssca
Into Will street cSal 1t Fort Sherman, Dechuse Of
John Shcrnan's connection With tho Frst Ma
ttpnn1 Hank.
Three ycars aRo tho First National 1lank WIS
doing moderately prnltnbte bi,ancss In MI W.
ostentatious why n few doors nIoyo tho naw
h,Iillltng. snmual C. Thompson WINS liz rrcs[-
,lcnt ind George r. unkor tho Cashier. Its cup
jtnl was $5D00O0, and III TINT respect 1t r1Inkc1
about tho fortlctn In tho list Of bntks Of this
city. Townrd tho close nf 1s74 It had surplus
OF sh0000 yenr lntor tts surplus wis $:uO tUO.
u rhS tnes 7, Hn,cS q IN cshiGt aaSr a. ia
atnck and .jnt,ts i. {}nriand. wto hntt icrn n 4.
snctated with Jay Cooko III tito ta,kuF bua!-
Thompson and hte father. Johr Thompson.
They Arc nll young men. alll nt shro,vd M they
acee are i vi H. ne, Jh i" oSs etSxehss
tho conservative, oi.schooi YcntlctuIu, who
Was pr,etally tl,o ae,ti of 'ftho Institution,
Soon aitcr quitting Tic Fjsst Nattoual the
@tao Cbuso NnsioualMn fcw y tM,rs n at,ove tl,"ir %
furtIcr bunk in iIrOiltl,vuy. Tho First National
orgn,,lzed Ey eieettt,y ucorRo i. isakcr Prts!-
don't nnl Ebeuezer Hcutle!l EtyllIer, The ,Ipw
srx sao See e s9t y se1 se9 S5g Hts Sn Sa
cl the d% o,s the refa9ae ats,
lug and services III pIaonx forinor bomis Of Tic
tI6yernnlunt tlltl ol;tainpl for tho First NnlonNl
shttru Of tho business, while ntbor NHtIonni
hunks werU not 50 Fortunate With Il ct,it.lEo il,
the ."rgrs nSTs n n1'9nt %sso %
to infect Jptll, ElcrtlNl, ;ls to lljs tsit twnri
tic GAi,k. .jofin shcrt,an eH1iie on to Now York
to tho ,,lcs Of "cc,n,,jlshit,g rc1.ewaf Of liz
Guvcr,llrcIta obligations ut s luwer rite Of In
terest; T W. ,ieel,le!l e reform tl,e aydcatu
t,ot,t md sclI thu s tt,o pconIs. md nd nls 0r
chaso 0ontis falling tlue Or thosu ihnt wore c,.llc
Department.. ii, in,nlenso a,no,lrt Of cnpital
VII rrprysentcti in tbs synJtcnto unti tb, XII.
d[cute thUt slccceri it, fj,lt tic Filyt Nulionnl
oey k IN 1cnScr @ Fly Of nc M"s, x syndeas s Tt
II, st,ii,t, tr tho syncMtcs Cut pn.tV sDrriilr,i
tho prt it wotl tatc, mt, tl,liei, the First MI
tionaI Hunk hud lilo smallest caplta Of any Ut
thc l,,n si,nrp nj tno 6nn.is to III lsnn'ij.I. r.
ttok iii. .OijGfW Mt tIu s,iIsrription. Whnn t,,o
rcfuntli,r onotntluns al tTo t;nyarnncnt wnrn
cIosc,i, Oct IT. lK;, tboru hn,l been x5r slsg. lid
bonds pjucod, Of those $a.dIj, OUO wcro tx her
ccilts. mid t11g remainder i pcr cents. fila
e tIo sy;ii,jcnto. III ono e,iiscriftion II tnols
xf56 lin tSHI nr TIM r1er trnts. i'll mIvantnt,oa