The critic. (Washington, D.C.) 1890-1891, 1891-03-14
THE CAPITAL TRUST COMPANY.
A New Financial Institution in East
NJ Washington.

New FINANCIAL Institution IN East
Washington.
There re few better means of judging
Of the 81 lid growth and development Of
city thin in noting the progress of its
financial institutions, and applying this
rule to our own city this fact Is plainly APP
parent. Never before have there been so
many enterprises Of this character organ
lied and when their reports show, as they
do, that they are all in q prosperous con-
dition, IL plainly indicates that the field of
their operations was only waiting for their
establishment. In no part of our city Is
this more apparent than in East Washing
ton.
The National Bank, organized there but
little more than a year ago, has steadily
grown in public favor until now 1t ranks
with many, like institutions which have
been much longer established, and its
stock has proved fortunate investment
TO those whose foresight induced them to
embark in it. Recognizing the need in
this section of a Loan and Trust COM
pany. Some months ago some prominent
citizens obtained charter with an author
lied capital OF 81 100000 permitting them
to transact all business that is usually
conducted by similar institutions.
The temporary Office of the company
has been at No. 3l2 Pennsylvania avenue
southeast, but the company has recently
acquired the building corner of Third
street and Pennsylvania avenue southeast,
and having entirely remodeled the same
| will open the active business of the COM
| pany on Monday, March l6. The main
business room of the company's offices
| has been neatly papered, new iron cell
| ing put in, 1iew desks and safes added,
making II one of the most convenient and
| pleasant BUSINESS offices in that part of
| the city. Even with all the disadvantages
| of temporary location the business of
the company TO the present time has been
an unusually successful one, and now,
with its increased facilities, 1t is believed
that 1t will soon prove profitable venture
for those who have secured its stock.
Thecompany receives deposits of money
in any amount, issuing certificates of de-
post for same with fixed rate of interest,
or 1t will allow an average rate of interest
| on any amount deposited in current ac-
| count subject to check This feature of
its business will prove of great value to
this section, Offering, as 1t does, the fea-
ture Of a savings bank, and at the same
| time allows the withdrawal of the money
| II unforeseen circumstances should require
it. IT makes loans on good collateral and
on other negotiable securities, makes in
vestments, issues debenture bonds, adj
vances money to conduct building opera.
tons, buys and sells real estate, attends to
the collection of rents and other business
of non-resdents or those unable to give
personal attention to the details of theii
property.
AS a guarantee that the business of the
company will be faithfully and honestly
administered, board Of directors has
been selected composed of men well
| known in the business and financial
circles Of this and other cities The presi-
dent Of the company, Mr.. John G. Slater,
is well known as one of the most enter
prising and successful of our young bust
ness men. Commencing, life with but few
advantages he has, by pluck, energy, and
foresight, made for himself name OF
which he may be justly proud. A be
lever in the future of our great city, he
has largely invested in real estate, espe
cially in the eastern portion, and there are
few men better fitted to carry on an nsti
tuition such as this, and II was wise choice
that put him at the head of it, His asso
ciates are DR.. Charles Christiani, vice
president, the wellknown druggist, and Q
man of large experience in properties, ant
Henry X. Simpson, the secretary, younl
man well acquainted with the eastern sec
ton of the city and thoroughly qualified By
a long service as assistant discussing clerk
in the Treasury Department to properly
perform the responsible duties Of til,
Office.
among tne directors we note James IL
Barbour Of James l.. Barbour & Son, Johr
II. Buscher; the enterprising butcher
John Cammack, the well-known horis
and man Of large properties; ALDER
Carry, the president of the National Capt.
tai Brewing Company; Andrew Frey, al
extensive builder and contractor o
Georgetown; w. II. Crosby, proprietor o
the National, and I. Il. Roessle, the pro
prietor Of the Arlington; A. NJ. McI.achlei
4 Of McLachlen & Batchelder; A. c
Clark and A. s. Caywood, real estat
agents; James Fraser and Il. u. Hughes
wood and coal dealers; John ii. Rother
of Baltimore, Thomas j. King, secretar,
of the Builders Exchange; A. p. Clark
4 IT,, the architect; Asa Whitehead, a re
tired capitalist; William d. Campbell an,
John MacGregor, prominent bushes
men of the eastern section of the city, an,
Charles Gessford, builder and contractor