National Republican., 1888-06-11
BANKS AND BANKING.

The banking business Is said to be a true
indcS of any citys thrift and enterprise. Such
being the case Washington, with its ten ma.
tional and twenty-five private banks and an
aggregate capital Of about S2OO0O,0O0, stands
very high on the list as many cities of twice
its size cannot make as good a showing. The
business Of these institutions for the past
three years has been steadily on the incre lse
and all of them seem to be in flourishing
state. Three of the national banks have, In
the past year, either finished or commenced
new buildings for their use that have or will
cost over 100000 each. The firms of this
city are conservative, most of them having
been long established and well managed by
substantial and honorable capitalists. The
houses all carry long lists of depositors, many
Of whom have been on the books for years.
All are considered perfectly safe and this has
contributed greatly to the general confidence
of the business community in all kinds Of en-
terprise.
The seat of government being located here
undoubtedly contributes greatly to the bank
ing interests. The salaries paid to the en-
poycs. moneys expended on contracts and
bull ling furnish goodly flow of cash to
boom the banking business. Then, also, the
large real estate interests in the city and su-
burbs provide splendid investments for the
capital of the banks, and good rates of in.
terest are paid.
THE NATIONAL METROPOLITAN BANK
was organized Jan. II, 1914, since which time
| II has continued to be one one of the leading
| banking institutions of the country, Its cap.
| ital Is 100000, surplus and undivided profits
sslCGig The officers are WL,; j. w. ThhGImps0n5
| the directors j, W. Thompson, j. H. Baxter
| Vim. Thompson, Nathaniel Wilson, Henry 4.
| willard, James E. Fitch, j. o. Wilson, N. w.
Burchell, and Henry semken.
THE CENTRAL NATIONAL BANK, corner
| of seventh street and Pennsylvania avenue
| northwest.-This bank, succeeding the Me.
| tropols Savings Bank, was Incorporated in
| 1873 and located In the Bank of Washington
building. The business having exceeded the
| expectation of the directors and the place
| being too small for the transaction of its bust
ness the site known as the st. Marc Hotel,
| corner of Seventh street and Pennsylvania
avenue was purchased and the present build
ing erected. 1t was occupied on April ,, 1883,
| and Is considered one of the most complete
banking houses in the country. The officers
are:, Samuel Norment, president; james L.
Barbour, vice president, and j. a. Run,
| cashier.
THE NATIONAL BANK OF WASHING
| TON, Seventh street, corner of G northwest: :
| Charles A. James, president; j. ii. C.. Coffin,
vice president; Charles +, White, cashier; i
E. White, assistant cashier; directors, G. W
~
A. james. Jas. Y. Harris, and Wm. f. Mat
| tingly Capital, S200,000 Surplus and un
divided profits, Slsl,OOO.
THE NATIONAL BANK OF THE RE
PUBLIC, 31S Seventh street, was established
| in 1865 and had It's charter extended In 1885
The statement of April 30 shows cash on hand
$500, $3.50 3s; total resources, ,5GS capita
| stock paid in, 100000: surplus and undivided
profits, Si52, s.35, and deposits, Sl,O39, G0342
The figures speak for themselves. The officers
are Mr.. Daniel b. Clarke, president, and Mr.
Charles $. Bradley, cashier
| SECOND NATIONAL BANK, NJ. G. Emery
president; NJ. W. Bcveridge, vice president
II. c.. Swain, cashier. Capital, S9a5,OoO; sur
plus, $1,000.
RIGGS ,S CO., corner Fifteenth street ant
Pennsylvania avenue. This renowned bank
ing house was established by the late Mr.
| William Wilson Corcoran In 1887 In 1910 Alr
George W. Riggs was admitted as partner
and the firm name became Corcoran ~ Riggs
In 1Sl5 the business having greatly enlarged
they moved TO the old United States banl
property at Fifteenth street and New Yorl
avenue. In 1864 Mr.. Corcoran withdrew, ant
the business was continued by Mr.; George w
Riggs as Riggs 4 Co., under which name tn
house still continues to do large and pros
| porous banking business. The present mem
bers of the firm are Charles {. Glover
Thomas Hyde, L. Francis Riggs, John Elliott
and Alexander Elliott.
BELL & CO., bankers, No. 1i3T Pennsylvania
avenue.--This firm, the members OF which ar
Messrs. Charles j. Bell, James Il. Fitch, Rober
| lished in 1851. They do a general bankin
businessy buy and sell investment securitie
on commission, and make collections for ou
of'town banks, They are also the genera
agents for the District of Columbia of tn
Compagnie General Transatlantique line c
| steamers.