The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1890-03-02
ANDSTILL THEY COME
Undamted Capitalists Swell the
Lists Of Banks.
THE UTAH COMMERCIAL AT HOME.
Its New and Elegant Quarters State Bank
of Utah-A Total of Fifteen Banks
Against DenVers Seventeen.

The new building of the Utah CONNER
cial and Savings bank, whose massive and
handsome red stone front has been the adj
nired of all observers on First South for
Ihe past several months, is completed at
last, and tomorrow morning Cashier Cum
mings will preside for the first time behind
the handsome antique oak counters and
wire wickets with which the new bank has
been fitted up.
A HERALD representative, who went
through the building yesterday. found it
furnished throughout with everything that
modern taste, convenience and safety in
bank architecture can suggest. The massive
front door opens into two large apartments,
in the east of which the bank is for the
present located, though there is but little
question that the next few years will com
pei it to take the whole ground quarters
The floor is Of brightly colored thing
throughout.
Andrews IL Co.'S heavy antique oak
forms the desks and counters of the room,
all being polished to the highest degree
The glass is of French plate with beyelled
edges, the lower part being frosted so that
the gaze of the curious is effectually shut
out The bases are Of dark marble. There
Nare three wickets of heavy wire inscribed
respectively Paying "Receiving'' and
Exchange and lBooSkeepern and the
usual strong wire cages shut in the teller's
quarters. A six feet desk for the book
keeper rests under 4 fine light from a sky
hght IN the roof. The cashier quarters
are Immediately in front, and the directors
room is separate chamber in the rear
winch Will be handsomely furnished A
telephone b0X-the upper part made Of
plate Glass-ls placed of convenient access
TO the cashier. Lavatories and closets
finished IN the most approved style-arc
constructed on the first and second floors.
THE VAULT
Is Sxl0 feet, two stories high. the upper
apartment being reached by an iron stair
case on the side, not yet completed The
interior below Will be lined with one hun
dred steel boxes for the use of patrons. The
safe Is compact steel chest, Mosler's
latest improved, guarded by an automatic
time clock, and with one of the new screw
doors-a formidable looking piece of
machinery which moves into its place on
The augur principle, and which, when once
smut, leaves not the trace of crevice 1t
Is absolutely lire and burglar proof.
Inc Two upper floors Of the bank building
are fitted with ali modern conVonicnces
ASAS dlS twenty EoOulS or OIlCeS ana tive
Easements, all of which are rented at u
stln figure. The revenue of the bank from
these sources Is 5000 per month"; and il has
Its own rent free. The building has front
age OF 81 feet, which the owners bought for
$500 per loot not long ago, and which today
1t is safe TO state IL Is worth So, 800 more
than the bank gave for it, The cost of the
building was about 50, 900
The directory OF the bank has under
gone change Of late and now stands as
follows:
Francis Armstrong, president;
p. w. A1adsen, vice president:
I. W. Elterbecl,
Bolivar Roberts,
George M Cannon.
Nj. Z. Cummings, cashier;
j. 5. Richards,
Thomas w. Jennings,
.. II. Hardy.
The conservative management of the
bank, the Increased value of its holdings.
and the steady growth of its business has
had decided effect on the value of its
stoc1,and a large.number of transfers have
lately taken place at - 81