The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1891-01-01
Its Stockholders Control Capital to the
Amount of a Million and q Half.

The capital of the Seattle National bank
is $3.50, 900. Its officers are as follows:
President. G. W. E. Griffith; vice-presi-
dent, w. r. Ballard; cashier, Fred Ward.
The stockholders are also interested in
the following associate banks: First Ma
tional Bank of Anacortes, capital $4,000;
First National Bank of Aberdeen, capital
$50, 600; First National Bank of Waterville,
capital $4,000; Fairhaven National Bank,
capital $4,000; Port Townsend National
Bank, capital 10000; National Bank of
Pendleton, Pendleton, Or, capital 500. 900;
United States National Bank, Portland,
Or, capital $4,000. The eight banks
named have an aggregate capital of 81 ,l5o,-
600. In addition to these, the Seattle Saw
ings Bank, with capital of 500, 600, will
be opened early in the new year in the
Seattle National Bank building now being
erected.
The Seattle National Bank Building
Company, which owns the new building,
now in process of erection, which is to be
occupied by the Seattle National bank and
the Seattle Savings bank, is composed of a
few stockholders of the Seattle National
bank, and has a capital OF $4,000. The
building company is separate from the
tied up in the investment, but the building
was planned and is being put up to furnish
permanent home for the bank. When
completed, the building will be one of the
finest in the city, and the room to be occu-
pied by the Seattle National bank Is larger
than any devoted to a similar business in
Seattle. The new building stands on Yes
Ter avenue, at the corner of South Second
I'D s.,~ 81.
of the notable structures of the city. 1t
has frontage of Ill feet on Yesler avenue
and 10 feet on South Second street, and is
six stories high above the basement. 1t is
built of red and blue sandstone, brick and
terra Gotta, and the beauty Of its architec-
turai iinish in no way weakens its appear
ance OF massive strength. The entrance to
the public banking room is at the corner Of
the building, and is fitting portal 20 the
grand structure. The interior furnishings
of the banks, and the building, will be in
keeping with the cost and beauty of the
structure, and every modern improvement
will be brought into use for the comfort
and conyience of the occupants.
The stockholders of the Seattle National
bank have in contemplation the establish
ment of several other outside banks, which
will transact their business through the
home institution, as do those already In
operation. A vast amount OF capital Is
controlled by the stockholders controlling
the nine banks named above, and il is be-
ing used largely in building up and devel-
oping the resources of the Northwest coast
country. The men who have done so
much already in this direction are thor
oughly Unidentified with business interests,
and have demonstrated their ability to in
vest their wealth 10 good purpose.
The last official report Of the Seattle
National bank, published October 2. shows
total resources of over 10000. The bank
has been in existence only ten months and
already has created a surplus fund of about
$4,000.