Evening star. [volume] (Washington, D.C.) 1854-1972, 1890-03-22

IN close contact IN consequence OF his long
| connection with the National Bank of the Re-
public in this city. He began his bank career
at the age of sixteen a runner on trial at the
latter bank in September, 1873, and by perse-
verance and industry rapidly acquired advance
ment until he was, in 1882, made paying teller,
which position he filled with credit both to
himself and the bank until the organizers Of
| the Traders national bank selected him for
| their cashier. His resignation as pay teller of
| the National Bank of the Republic was accepted
| by its board of directors with regret and ex-
pressions Of approval Of his faithful and very
| satisfactory service, extending over period of
| sixteen years.
The Lincoln National Bank.
The opening Of the Lincoln national bank on
| the 25th instant inaugurates new era in the
history of the site at the northeast corner of
| 9th and D streets. For years that corner had
been occupied for business purposes, but since
| the destruction Of the old Lincoln hall build
| ing 1T has been abandoned The projectors of
| the fine structure known as the Lincoln music
hall, now located there and which has recently
| been completed, recognized the importance Of
| the location as a business center. When the
music hall was about completed those inter-
| ested In this enterprise began to discuss the
plan Of establishing bank. The large room
| at the corner was found to be admirably adapted
| for use as q bank and the bank project was re-
ceived with so much favor that it was decided
| to go ahead. few months ago books were
| opened for subscriptions to the stock of the
| bank and the result more than realized the ex-
| pectatons that had been formed. There was
| not enough stock to meet the demand The
| subscriptions were scaled down and IL was
! found that the two thousand shares were held
| by over four hundred individuals. The large
number of small holders is regarded as graft
flying indication Of the future prosperity Of the
| bank.
The rooms designed for the use Of the bank
| have been fitted up handsomely. The fire.
proof construction Of the building has been
supplemented by putting in an iron ceiling. A
vault Of ample dimensions has been built at a
cost of $l0,0 and the fire-proof safe is OF the
| latest design with all the approved appliances
The large windows are protected by heavy iron
gratings. The interior wood finish is cherry
and the solid cherry counters are surmounted
by screen OF brass work. The floor is covered
with tile. The main room will be the bank
proper while the room in the rear, with an en-
| trance from 9th street, will be occupied by the
president. One Of the novel arrangements of the
new bank is the provision made for the desk of
the book keeper, which will be between the
paying and receiving tellers.
The officers of the new institution are men
| well and favorably known in this city. They
are as follows: John A. Prescott, president; J.
Stier, cashier; Henry +. Bauer, teller; Paul H.
Cromelien, receiving teller; directors, William
Z. Abbott, Augustus Burgdorff, Job Barnard,
Seymour Cunningham, Augustus B. Coppes, H.
| Bradley Davidson, VIM. o. Denison, Jesse C.
Ergood, Willie s. Hoge, ]. Harrison johnson,
Watson J. Newton, John A. Prescott, Fred
| erick w. Pratt Frederick A. Tschiffely and
Richard A. Walker.
PRESIDENT PRESCOTT.
The selection Of Mr. Prescott as president by
those who have been associated with him in
business was gratifying to him, not alone be-
cause Of the honor but on account Of the con.
fdeDce which this action indicated. His long
business career in this city has given him an
extended acquaintance and his success in man.
| aging financial enterprises has been marked
| Mr.. Prescott has had an interesting career. He
was born in the town Of Pittsfeld, Nh, May
| "a, 1889. At an early age he went with his pa
rents to live in Concord, NH, where his youth
aud early manhood were passed. In March,