The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1891-01-01
PEOPLES sAvrxcs =
Something Of the Histovv -
ful InxzSfnffsn

Something Of the Hfstavv
ful Inssitattea.
The growth of the Ieeirim.s.
bank business in this city i sba.,
great success which the paarj.. |.
Bank has had. The hank r.s -
December 70. isse, under The ~
of the Legislature providing =
corporation of banks and H.. &
The shareholders conxihut1
which forms the capital ssoek nj
tee capital, and all losses whieb .
may incur are to be paid frum s.
Thus the deposits are not 10 h "a,
make up losses, and the deum,,,.
any and all Circumstances are M, :
the full amount OF their depax;t. :,
dends. The bank also has spts,
increas e its capital to $i.0Doum
On September ?, Iss0. the h.,l
Its doors for business in the coru~
Occidental block facing Ocr;dent1
The large triangular room. Nxr
well lighted by windows On each 4
fittings are of antique oak and n
are of the best sort. The hank 4
with a large steel vauls. Win /
burglar and firepruof. Bu. insst 7
Is a heavy steel burgIsr.proof !.
which the vaIuables are kept Il !
are of solid chrome steel and each /
ment has separate screw door GU ]
both time and combination loeh
During the -four months n 81
bank has been in operation Il hx
money from between so and go
depositors, and ii has paid resrE
cent on term and per cent On q
deposits.
The business has been abiy msn
the cashier and secretary. MaisJ
Hayden, his assistant cashier. n
Blodgett, and attorneys Preston,
Preston.
The stability of the institudm
anteed by the fact that is bosra Z
tees is composed Of men Of Sd
financial standing as Baiiey Gs,n
president, Jacob FuFth. the wee ii
Arthur A. Denny, the second II |
dent. and Major James r Hay1
manager. The other membn
board are: Louis Schuabaehef,
E. Bailey, John Leary, John Coli
Otto Ranke. This board Is bact1
following stockholders, rhose
gives the bank additional stzs8NA
liam E. Bailey, Frank l. Biodgd
Collins, Richard S. Cor. A.
Jacob Furth, Bailey Gatzert.
Hayden, L. s. j. Hunt, E l. Hell
Heller. Sarah E. Minor, John 4
Lobe, Alexander Mcdonald. On
Louis Schwahacher, Ahrahan
bacher, Sigmund Schvahacbd,
Webster and S. K. Waterman.
The rules of the bank are framed
do exact justice to all. both rich q
The conditions under which
will be received and repaid sre =
No entrance fee win be demanded
charge made for pass books, bat . fH
be charged If the entire deposit 3
within two months after the date q a
Deposits are divided into tuo elan&
l. Ordinary deposits, in sums OF nd
81. reimbursab,e after demand non
disposable funds The demands iH
nlent. If required, shah be Registered
fed IN their order OF registration
Ordinary deposits shall not exceed
$1,000 except by the consent OF tns
-. 81 txcE
for term OF not less than six moan
withdrawal OF which notice In xrIea
given AZ least six months In advance
An ordinary deposit may be trans
term deposit when il amounts to us
least $50.
The reimbursement OF tern depo
made in whole or in part before in
of the notice Of withdrawal, on cons
determined b. the manager o. "
trustees.
Money or valuables are received ~
Ing on terms to be determined ey y
trustees.
AT the expiration Of each terra o. e
on the last days of November sii0 ~
of trustees ascertain the net pfoau
alton, and set apart for the reserve D
not exceeding per cent Thee q
ing net profits they set apart not ez1
tenth for the guaranteed capital
the stockholders, and the balance
To paying dividend to depositon
are not calculated ON deposits for N
succeeding their date OF iodgmcat
fractions OF dollars, nor on mo1
aud again withdrawn between GU
which were on deposit less than
Such deposits receive interest q saea ,
board of trustees may determins
not called for are carried 70 the 49,
positor, and are, in all respects
original deposit b
According 70 the bylaws ne n
are EN- ployed as foies1 :,
l. In loans on real estate scclnF X
not exceeding six years. -
2. In loans on bullion, mint 80
denees of indebtedness Of us
and corporate bonus =.
such other collateral securities
shall approve, but no
made upon proaaissory notes, nin
or other individual indebtedEesx
II at least three members OF TIE
tees are satisfied with the seeung
the loan, the money shall Dc pae
certificate from an attorney o.
that the title is valid, and thas tne
ments have been executed. AM
Ing part Of the security OF the ~
gagged shall, If required By the &C.,
be kept insured by the borrowers
TO the corporation
The foregoing shows thai syus
posted with this corporation -
aepositor in three different MAYS
/. By the mortgages and p'eas
the money OF the bank Is loaned
2. BY the reserve fund OF the
8. By the guarantee eaplt1 g
The stockholders
IL is thus impossible for loss =
iepositors, and by prudent maa
capital snd the reserve fund,
win be loaned out. as are the
he bank. the depositors enjoy -
funds which so al the same tlis
security.
To persons residing in the cou'
10 deposit money with the Pecp
plank applications viii be forwz
is open from 10 TO 8 every week
iition 70 that from To on
sewing deposits
wisdom's Robertine Is meeting
less everywhere, and is raRs
syery other preparation OF = -.