Evening star. [volume] (Washington, D.C.) 1854-1972, 1889-12-28
PREPARING FOR BUSINESS.
The American Security and Trust Co.
STRONG, wELL-BAcKED INSTITUTION rHkf
PROMISES TO Be OF GREAT sERvIoE 10 rEs
BUSINESS INTERESTS OF WASHINGTON.

In another column will be found the sdver-
tisement OF the American Security and Trust
Co., whose Washington Offices ct 1919 street
northwest will be opened for business on Janu-
airy 2 cordial invitation is extended 10 the
public to then inspect their Offices on that day
between the hours Of 10 am. and SPIN.
This company will ill q much needed want In
financial circles in this District Whilst not in
fringing upon the legitimate functions OF either
national banks or of savings institutions it will
occupy q strictly middle ground Whilst re-
ceiving moneys upon deposit, payable upon de-
mand with interest upon daily balances. 10 will
deal only with inactive capital, such az trust
funds. sinking funds, building funds. invest
ment funds and other deposits Of similar char
acter. 1t will pay such rate OF interest as has
been proved by the experience of established
companies in New York and Philadelphia 20 be
safe and practicable.
The investment of its capital in loans viii be
conservative. and il will deal only with securi-
ties of immediately saleable character and with
loans upon real property in the city limits OF
approved value. Such loans will be at all times
on hand for sale.
In Its proposed issue of debent1res Of small
amounts safe security will be furnished 10
people OF small means The bonds will not only
be secured by the large capital of the company
y
support of the entire series of trust deeds
placed in the hands of responsible third parties
TO secure the payment OF Its debentures these
trusts Will be upon city property ut a careful
valuation by the appraiscment committee
Messrs James l.. Fitch. e. 4. Duncanson and
Myron VI. Parker. No better or more conserva-
tive Judges of real estate can be found in the
District
In acting as fiscal agent for other companies,
IN registering their stock and in promoting
sound financial enterprises by placing their in
deOtedness, DC, great addition will be made
10 the financial revenues of the CITY. In addi-
tlon TO ITS own large Resources the company
has established financial connections which will
enable II TO successfully handle large undertake
ings
Ii will be observed, also, that in the near fu-
ture the company expects to put in operation
several additional branches of its business,
such as it's trust department. its safe deposit
and It's ware house branches. and its furnishing
sureties upon bonds. &c.
The officers and directors Of the company are
men OF high standing.
Officers:
A. T. Britton. President.
{. j. Bell. First Vice President
A. A. Thomas, Second Wee President
Percy b. Metzger, Secretary and Treasurer.
Directors:
A. I. Brltton. Joseph A. Janney.
James l.. Fitch. A A. Thomas.
W. ). thompson. James q. PAYNE.
larry +. West NJ. W. Beveridge.
hopl norman Nath. l.. Janney.
Mm- werner. Caleb j. Milne.
Henry 5. Louchheim. Vim. NJ Coates
[, ); Bell Crosby 5. Noyes.
NJ NJ Parker. Beriah Wilkins.
Chas. {. Duncanson John E. Herrell
EhnSha b. Morris. Martin f. Morris.
Ihas. Porter. John s. jerks,
Alan ii. Reed
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