St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1889-03-05
For all Concerned is the
secret of success.

A few days ago a GLOBE representa-
tive called upon Mr.. S. B. Mcconnell,
secretary of the st. Paul Trust Com
pany, at their Office in the First National
Bank building, corner of Fourth and
jackson streets, from whom he CLEANED
some valuable information as to their
mode of transacting business and other
matters of interest.
The st. Paul Trust Company is cor
poration that has been in existence but
a few years, and during that time has
proved a complete success i'll every re-
gard. 1t was organized principally for
the administration and transaction of a
purely trust business, and, although
there are other branches to which con-
siderable attention is devoted, they are
made auxiliary to and subordinate to
trust matters.
1t has, from the very start, done
large business, which has been con-
stantly increasing. The public gener-
ally may be ignorant as to the class of
business done by this company, many
supposing it to be a very expensive
mode of transacting affairs in theirpar-
ticular line, but this theory must be
abandoned. as the st. Paul Trust Com
pany have a standard of moderate
prices. and all transactions are subject
to the approval of the courts wherein
business is DONE
The theory of its organization is to
constitute a safe and permanent
agency with perpetual succession for
the transaction of trust, annuity and
safe deposit business. with all the pro-
lection to its stockholders and to its
clients that past experience in such
business can suggest.
1t is authorized as trustee to handle
in accordance with the terms OF the
trust such real estate or personal prop
erty of any kind as may be lntrusted to
it by any court, corporation or person;
to act as executor of wills, OF as adj
ministratOr Of estates, or as guardian
of the person or property OF minors or
persons incompetent tor any reason; to
act as trustee for married women in
respect to their separate property; to
act as assignee or receiver in all cases
recurring such service: to act as agent
or attorney in fact for any public or
private or municipal corporation
or person, for the management
of property, or for counter
signing or certifying of bonds, stocks,
etc, or for the payment Of coupons
thereof; to receive, and as agent to loan
or invest moneys, from or for any per-
son OF corporation, and to collect and
account for the interest or income
thereof; or, for such moneys received for
loan or Investment. to issue its own
debentures, to be secured upon such
real estate mortgages as the said
moneys may be invested in; to receive
for safe deposit any valuable property
or papers, and to execute any inStruc-
tons with regard thereto that may be
given by the depositor, and generally to
do all the business suggested by its title
in manner that shall be safe, cOnyen-
lent and satisfactory to its patrons.
The probate and other courts of this
and other states are authorized to COM
| mission this company as trustee, exec
utor, guardian, OF receiver, and individ-
ualS who are now burdened with such
trusts usually distaSteful and requiring
large bonds) may transfer such respon-
sibilities to this company with the APP
proval of the court and of the parties
interested.
This company will prove safe and
convenient agency through which men
who may have money to loan may find
borrowers with approved securities,
and men who desire to borrow may find
money at reasonable rates.
For the purpose of security or con-
venience in the transaction of BUSINESS.
many individuals. firms and corpora
tions have occasion to place some of
their property in trust, usually with an
individual, member of the firm, or
friend When the uncertainty of life and
the many embarrassments consequent
upon the death OF an individual holding
SUCH responsibilities is considered, it is
apparent to all that the advantages of
placing such matters in the hands sof a
corporation having perpetual existence
are great. This company does aH,such
business at very trifling expense, and
with additional safeguards not usually
thought of or provided for by individual
trustees. .
SAFE DEPOSIT DEPARTMENT.
This company call special attention
and inspection to their new safe deposit
system. The vaults are supplied with
all the best approved appliances and
regulations for the absolute safeke ep-
ing of all classes of valuable personal
property. They are in constant charge
of custodian by day and under guard
of special Waterman at night.