The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1889-11-21
UNLIMITED CAPITAL.
Immense Resources Of the Bank
Of British Columbia.
II WILL FOSTER InDusTRIEs.
rhs FIRST vsssixn s.nk 20 Krser Easf-
NESS In ssashinxtsa--omeers Of the
state savfnxs bank.

The Bank Of British c0lnmhEa viii not
oegin business IN Seattle before neceEnbsr
l, - 4 takes that tims 10 get the aeces sary
appointment 81 the agency from London.
which i Mas desrnea adylzabis not % nlaks
unsa alter Washington became state
Temporary quarters wiz be taken in the
Star bMilding on Front street until the per-
maiaeIif premises are ready in the Haiier
building at the eorneE Vi Second aud Col
nfnbia streets. mhich vii be completed
a6oui Marcia /.
The bank will BE- managed By ]. Keith
wilson. who has been on the coast fifteen
yfaFs. transaetlng business for tie home
company IN Victoria, B. c.. and Portland.
Or. tie IL Al present IN Victoria. attending
20 Baking business Mr.. Wilson wiIl have
absolute control Il the bank esaablithed
here. the only parties oger him being ths
inspector aud hoard OF regents Ia London.
Is = understood that he viii appoint two
teilers. and thar the business viii be ran in
piasn manner similar 70 She home banks.
Inc object IN coming 20 seattle is 20 get
ready 70 assist tn the wheat trade. 30 aid
the iron industries which IL IL confidently
expected 70 spring up on the sound, and
also 70 accommodate some manufactures
scan 70 be begun BY capitalists connected
with those Of the banking institution.
The capital Of the Bank OF British Column
bia viii be practically unlimited, as IL has q
paid np capital 81 s250.01D, ard a vast de-
posit aggreestlng great many millions. 50
that the question OF amount with the con-
Fany h smmaseriai.
The establishment Of this bank Is quite
limited wealth win be q matter Of financial
strength. snd where IL makes advances if
may be accepted that the successful foun-
dation OF The institutions established ID
assured, considering the conservative CON
dnes Of the company's business. II may
also mean the encouragement and estab-
hshment Of large and important industries
BY those interested in the bank or having
close connection with IT,
This Is she FIRST foreign bank TO engage
in business in Washington, and 1t will
doubtless be followed by several OF its
rivals.
zHE STATE SAVINGS BANK.
The trustees OF the State Savings Bank.
OF Seattle, r. r. Whittier, w. C. Hill. Isaac
n. Martin. Percy w. Rochester and George
]. Killigen, held their first meeting Tues
day afternoon and elected officers as fol-
lows: E. y. Wittler, president; |. n. Mar
tin. manager; Wiiliam Riebenger. cashier.
The bank was recently Incorporated with a
capital stock OF 10000, with power to
increase.
Business viii be commenced the first OF
the new year, rs soon as the banking room
can be lifted up In the Occidental block on
fesier avenue, fronting South second
street
Isaac n. Martin, who has been rendered
the position Of manager and vice-president
OF the new bank, Is In the treasury depart
ment In Washington city, where be has
been employed since 1870. He IL con-
sidered sn able business man. ard has for
considerable time been in Europe as
financial agent OF the United states gov
eminent to attend 10 the negotiation OF
bonds. etc. Ii Is believed that Mr.. Martin
win accept the position OF manager OF the
State Savings Bank. Of Seattle, and that in
view Of the prominent position he has held
and bis superior ability VIII be . marked
benefit 70 the financial institutions Of this
city.
William Biebenger, who will serve as
cashier OF the new bank, has for some time
scted as assistant cashier OF the Fourth
National hank. Of ST. Louis, No.