Evening star. [volume] (Washington, D.C.) 1854-1972, 1889-08-24

recalled and placed in charged Of the American
telegraph company's Offices in this city, which
he managed during the entire period Of the
war, great portion of the time being charged
with the duty Of acting government censor OF
the press, having had the distinction OF revis-
ing the war dispatchesof Sam. Wilkeson, White
law Reid, Ben. Perly Poore, d. w. Bartlett,
Geo. w. Adams, w. b Shaw, A. r. Spoford,
Geo. Alfred Townsend, Jerome B. Stillson, Z. G..
Steadman, Henry J: Raymond, F. A. Richard
son and . host Of Others without mourning GEN.
sure or FORGETTING their friendship. In 1856 the
American company sold their interests to the
Western Union, when Mr.. Snyder retired from
the business, and the following year accepted
an invitation to assist in organizing the National
safe deposit company, being chosen its secre-
tary and managing director. In 1870 after the
organization Of the National savings bank, in
which he largely aided, he was elected its treHs-
urer, holding the position of active, execptiYs
officer Of both until 1881, when, upon the death
his successor as president Of the two soorp6rS-
tons. Through his prudent management and
untiring devotion to the-interests of both cor
porations they rank among the most substan-
tial institutions OF our city, Of which fact the
fine structure at the corner OF 18th street and
New York avenue Is an enduring monument
The Capital Bank.
The youngest bank in the city is the Nationa
Capital bank. 1t is an East Washington insti-
on the I'd of September.
For . number of years the need Of bank in
the eastern portion of the city has been recog-
nized by the business men and other residents.
A few weeks ago several gentlemen came to-
gether and resolved to organize bank As
soon as their intention became known they re-
ceived such encouraging assurances of coop
Grafton and support that whatever lingering
doubts may have existed in regard to the prac-
ticabiiity OF bank on Capitol Hill were soon
dispelled. A committee on organization was
formed, consisting Of John E. Herrell, ]. w.
Whelpley, Henry G. McCauley, John G. Slater,
Geo. F. Pyles. Allen G. Clark and g. H. Walker
These gentlemen are all well known in the bust
ness community, and their interests arc largely
on Capitol Hill. Mr.. Whelpley is the assistant
treasurer of the United States, and his extended
knowledge of financial matters was utilized by
the committee in organizing the bank. As
soon as subscription books for the stock were
opened the subscriptions came pouring in.
1t was decided to make the capital stock
$500. 600 and 1t was found that subscriptions
for twice that amount had been received The
gratifying feature of the subscriptions was the
fact that the greater part came from the bust
ness men and residents of Capitol Hill In as
signing the stock preference, Of course, was
given to residents in that section Of the city,
is almost entirely held by people living in that
locality.
Suitable accommodations have been secured
in the building at the northeast corner OF Penn
sy lvania avenue and Sd street, which is cen.
trail and is in the midst Of the business COM
munity Of Capitol Hill
The directors have elected Mr.. John E. Her
rel president. MIR. Herrell Is well known, not
only in that section Of the city, but all the