St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1884-08-17
A NEW INSTITUTION.
The Third National Bank Of st. Paul,
Capital 100000.
Will Open its Doors to the Public This
Week. b..

NC nave SdtHereu some ValuaDlo lnlOTIHatlou
concerning the new banking institution OF
which he is the president. In an interview
with this gentleman last Thursday we ascer-
tanned that the Third National bank, of st.
Paul, located at the southeast corner of
Third and Robert streets, will begin business
be employed in the transaction of general
but very conservative banking business, this
should be matter of general copgratulation
to all of our citizens who have
any spirit of pride in the city.
St. Paul already occupies the most
commanding financial position of any of
our great Northwestern oities-good COM
mercial paper is held here in st, Paul, ut
tered by reputable and solvent merchants re-
siding throughout all this great territory and
in Manitoba and other Canadian provinces:
to the extent Of many millions Of dollars,
and to use homely but forcibe phrase it
goes without saying ''that money makes the
mare CO." and there is no city, no matter
how strong or imperious commercially, but
what is very largely benefited by the posses
siol OF institutions of this character. The
banks in question will confine themselves
closely within the strict lines of Legitimate
business, the purchase and sale of gilt-edged
commercial paper, loans on preferred securi-
ties and incidental banking will, they be-
leve, fully occupy their time and capital.
The dangerous, fatal tendency to spec
| ulate, so rife in these modern times, we are
assured will be at all times avoided and in
deed the well known names of the officers of
this bank and its directory is the best cove
nant and assurance of this The roster of
names are as follows
OFFICERS.
Walter Mann, president.
Richard E. Slower, cashier.
DIRECTORS.
Walter Mann, DIR. G. E. Smith,
DR.. F. R. Smith, r. E. Slower,
Isaac Staples, of saltwater.
Mr.. Mann the president is one of our old
residents, came here in 1872, and with Mr..
Anerbach and Mr.. Wilder organized the Mer-
chants National bank, with which he was
connected as vice president until the winter
Of 1882.
Mr.. Slower the cashier is equally well
known for.consummate financial ability, has
grown up since youth under strict financial
training and resigns his position as cashier
of the First National bank of Miles City,
Montana, to accept the incumbency here.
! 1t will therefore be seen that the active
officers of the Third National will bring to
bear on their business transactions the wis
dom and cautiousness which long expert
ence and ripe financial training give. We
are emphatically assured that a quiet YET
| firm undertone of conservatism will prevail,
and that only the safest, soundest securities
will meet with attention. 1t will doubtless
| interest our readers to know that the de-
posts of the hard working artisans and
thrifty mechanic will be received and held
| safe and draw handsome interest on theil
certificates of deposit on all deposits left fol-
a specified time. This, while not a new
feature by any means in banking, is yet very
desirable, considering the sound inancia
condition and standing of the institution; i
is at once a certain promise of fair profit ant
absolute security and safety.
The vaults and safes of this bank we be
lieve deserve passing notice before closing
on account of their originality, especially o
the safe The safe is new make, whicl
has already passed safely through
some very severe tests, and educated expert.
have given the opinion that it is absolutcl,
burglar proof, even against the most persist
ent and ingenious attempts of the miduigh
ttieflt 1T will be safely locked each night il
the large and massive fire proof vault of thu
bank. On the whole we think our citizen
may harbor some pride in the new and valu
able acquisition to our financial resources
and we heartily wish the officers and direc
tors of the institution the success with which
they will undoubtedly meet, and we are a
all times ready to give warm welcome tC
st. Paul to like enterprises.
Finally in closing We desire to call atten
ton to the artistic, beauty of the banks count
ing room. The interior decorations are in
taste and the st. Paul Furniture Co., 16%
and 1874 west Fifth street have completed one
of the most airy, cheerful and withal sole
Office railing, it has been our pleasure tt
see in many days. tits characteristic of the
firm, however, to do all things well. The
railing is in cherry, finished naturally of
very graceful pleasing design and will draw
favorable comment from all. 1t viii bt
about feet high and 81 feet long, and will
add great beauty to the appearance of the
| room.