The Sunday herald and weekly national intelligencer., 1891-05-24
A SUCCESS In BANKING.
HOW THE FIRM OF WOODS g. co.
HAS PROSPERED.
Its New Home in the Midst of the Busi-
ness Activity of # Street-Some of the
Inducements Which the Firm Offers
to Patrons and Investors.

The firm of Woods & Co., organized for
general banking business last July, opened
their establishment on the first floor Of HOG F
street. The active members of the firm are
Mr.. Thomas E. Woods and his soA H. I.
Woods, both of whom are we'll trained in
banking affairs. The project was the con-
sception of the latter, and 1t was principally
through his efforts that it finally took shape.
With strong financial backing the company
began operations, and it's immediate success
proved the foresight of the venture. A large
number of accounts were at once opened with
them and their business became pros
porous. The location of the firm was SO
convenient to many large mercantile
houses in the vicinity that, although they
already had accounts with other banks,
they opened new ones with Woods s. Co. A
thoroughly safe and practical method of
transacting business impressed their Gus
TONERS with a feeling of security, and their
business began to increase to such an extent
that in order to accommodate the public the
subject of seeking more commodious quarters
and obtaining greater facilities was talked Of.
This was last November, not six months after
the firm first opened it's doors. Such rapid
advancement speaks well for the firm. About
a month later w. B. Moses, whose tenants
they were notified them of his intention to
tear down the building in which they were
located, as he proposed enlargng his present
store The question of new quarters then be-
came one of necessity. The success with
which the firm had met at the outset i'm
pressed them with the idea that there was an
opening in that locality for large bank of
frst-class standing, which could meet the de-
mands of the growing business on F street.
The numerous real estate firms on that tho
roughfare, the continual investment of capi-
tai from all over the United States, and the
formation of large real estate syndicates made
the outlook such that the idea met with the
approval of the firm.
In order to make the venture more secure
before completing final arrangements the as
surance was obtained from many large ope-
rators that the bank would receive their sup
port The question of location was the most
difficult one, and it was nearlya month before
the present site at No. 1922 F street was OBJ
tanned. A long lease was secured from the
late DR.. May and the reconstruction was at
once begun. 1t took but short time COM
paratively to make the big change, owing to
the rapid work which was done. Saturday,
the 18th of April, the building was prepared
for occupancy, and on Monday morning the
doors of the new bank were thrown open. In
this way not day was lost.
Though the firm has been in its new quar-
ters but little over month their success is
already assured. Their business was actually
more than they could handle, and for some
time it was necessary to work far into the
night posting the new accounts. This bank
affords an excellent opportunity for the many
Government clerks in the city who desire to
open an account with a small amount. 1t is
the intention of the firm to make a speciality
of these accounts. An account of IS can be
opened with them, and in this manner be-
ginning made which can be added to as the
ability to do so presents itself.
Thus an account may be opened with Woods
& Co. which many banks would refuse to ac-
cept and the money of those whose means are
not so great intrusted for safe-keeping. A
number of ladies have also transacted their
business through the medium of this new bank.
Ladies desiring counsel or advice on financial
matters or the investment of their money will
find the firm courteous and obliging and ever
ready to afford them whatever aid lies within
their power.
CORRESPONDENTS IN OTHER CITIES.
The facilities of the bank are unexcelled and
its advantages of the best character. Its con-
nections in other cities are with the prominent
firms of each. In New York they deal
with the Interstate National Bank of New
York and Blair & Co., on Wall street. In Chi
.cago their business is performed by the Metro
politan National Bank, while in Baltimore j.
j. Nicholsons g. Sons are their correspondents.
Each of these firms has an excellent standing
and reputation in the respective cities in
which they are located and to have business
relations with them is recommendation in
itself. These connections give Woods & Co.
unexcelled advantages for keeping in touch
with all financial questions and giving their
patrons the benefit of the knowledge they ac-
quire through them. 1t is On these firms that
Woods & Co draw their hills OF EXCHANGE In