The Sunday herald and weekly national intelligencer., 1891-05-24

ID" Se porCion VI Wnlcn is carved, composing
the front.
The entrance is an arched doorway, on
elther side OF which are arched windows all
projected with grills. Above the stone bear
Ing the firms name are seven more arched
windows, which furnish an abundance of light
and good air to the main room. Directly in
tne rear OF the banking-room are the we'll
furnished private rooms of the firm, where
one Will always find Mr.. Woods prepared to
transact business with them The building
mas that appearance of security and sub
stantiality which is to be seen in all we'll
regulated banks, and the firm can well take
pride in the venture which has proven SO sue
cessful. In the remodeling and reftting of
the building over $4,000 were expended
The firm entered their new quarters on the
Goth of April, since which time their steady
advance has been very marked. They stand
prominent in the ranks of the prominent
banking establishments in this city
TALK WITH MR.. H. t. WOODS.
"Our bank" said Mr.. Fl. T. Woods, of
Woods & Co., ''though in it's infancy, has
been successful to degree that we did not
anticipate in such short time. Our business
has rapidly increased since we entered our
new quarters, and the public has given us
to those whose means are not very great has
already been taken advantage of by large
number, and the benefits cannot but be evil
dent to those who understand it. refer to
our readiness to open accounts with any re-
spectacle person for an amount as small as SIS.
This is not an advantage to us, but we offer
to open such accounts for the accommodation
of our patrons. 10 start a bank account, no
off hnxry l. Lox,oG
is an encouragement to the formation of a
habit OF putting money away, saving it, and
at the same time adding to it, instead of
having it within reach so that it can be easily
obtained and more easily spent. Hundreds,
yes, thousands of dollars are literally thrown
away in this city each year simply because
they think the amount too small to put in
bank for safe keeping
'There are many people in this city who
have a small surplus over their expenses every
week or month who carry it around In their
pockets and consequently spend it. These
are the persons to whom we offer an oppor-
tunity to commence putting their earnings
away, habit which once formed is lasting
and cannot do otherwise than accomplish
excellent results.
''If bank which was willing to accept de-
IL
majority of these persons would take ad-
vantage of it and place their savings in it.
Then, too, this method affords chance for
children and youths to begin early in life the
custom of putting away each week or month,
or whenever they can, certain amount.
"The simple possession of handbook
gives one an idea of self-reliance and self-im-
portance which in young person is factor
0fs
soon acquire a pride in their bank account
which they would increase as their deposits
grow larger This very start in keeping an
account gives an early insight into banking
methods and the manner of transacting busi-
ness. This early training is invaluable to
young person.
"For young men especially the idea of es-
tablshing bank account is of the utmost
Importance. There are many young men In
this city who live at home and whose ex-
penses amount to very little who could not do
better than to begin the habit of putting away
regularly each week stated amount of their
salary. The benefits of this must be apparent
to every one. To be sure, it might be argued
against this that children or young men would
become grasping and grow up into avaricious
men and women, but there is little danger of
SUCH u iCoulL ilOnauaJSs LhC bCHuGilCJs l.
think, is rather in the opposite direction. All
the danger lies the other way. Especially is
this true in city like Washington, where
there are SO many ways to spend money and
dissipate. Carelessness in money matters and
prodigality are two of the greatest evils of the
times, and every means which will teach the
young people to save is bound to exert bene-
hcial influence.
"Another opportunity we offer is our in
terest-bearing certificates of deposit. These
certificates are a sure and safe investment.
When person signifies his intention of TAX
ing out one, we do not open q bank account
with him. but give him receipt, which is
practically time note. For instane,s II one
should say Il will not want to use this money
for month or six months or year or any
length of time' we issue To him one of these
certificates, allowing him note nf interest
according to the time the money is deposited.
On demand however, the money can be with
drawn, and under these circumstances we al
low per cent. per annum for the length Of
time the money is on deposit. For instance,
if a person wishes to buy a house and has
cash while he is looking around the money
can be safe, and at the same time draw in-
terest.
stWe also transact business for people who
have money to loan on real estate We con-
duct the business details OF ali transactions,
and our own attorney looks after the titles
and prepares abstracts, etc, thus relieving
the loaner from the worry and trouble OF the
routine work."