The Sunday herald and weekly national intelligencer., 1891-05-17


"Since we opened our new quarters at 1899
street," remarked Mr.. III. T. Woods, of
Woods Il Co.. to HERALD reporter, "our
success and increase in business has been
wonderfully gratifying. Our transactions have
been of such magnitude that we have been
obliged to work night and day to keep our
books posted with the accounts which are
daily being opened with us. For the first
week we occupied our present place of bust
ness our employees were constantly at work
until midnight of each day entering on our
books the new accounts which large firms and
prominent individuals placed with us. In fact,
the business has been SO much in excess of
what our greatest expectations looked for
ward to that we ran out Of bank books, and, al
though the number of those who daily favor
us with their trade has not fallen off, we were
obliged to open the accounts without giving
the depositors book. When we came into
this building all our former customers and
friends came with us, and each one brought
his own friends with him. The accounts
opened were with many of the leading firms of
the city, and number of ladies have in
trusted their money to our care or have sought
appreciate the business confidence which has
been placed in us by the public, and we will
make every endeavor: assisted by the best
facilities that can be obtained, to see that their
trust is not misplaced"
The unusual SUCCESS which the banking firm
of Woods q Co. has attained since they took
possession of their handsome and attractive
building at 1929 street is not surprise to
tiops with them. MIR. III. T. Woods is clear
headed, wide-awake, and active young man,
who keeps thoroughly in touch with every
movement in the financial and real estate
world He is conservative in his opinions,
which are greatly valued by the members of
the mercantile community of Washington.
The firm whose affairs he supervises is an en-
terprising and energetic one and the strict
business methods which they pursue cannot
fail to draw to them an immense business.
They always have the interest of their patrons
at heart and are ever on the alert to secure to
them some advantage, no matter how small.
Courteous attention is paid to all those who
enter the bank seeking to deposit or secure
advice on investments. A private retiring
roomis always open for those who desire to
consult the management, and what transpires
there is as safe from disclosure as it could pos
sibly be. The natural result of such practical
financial methods is the notable success this
popular firm has made. They are aided in their
personal endeavors by the business facilities
which are at their command. The firm has
especial connections with leading mercantile
and banking-houses In New York, Philadel-
phia, and Chicago, which give them unsur-
passed advantages for keeping posted and
drawing bills of exchange. The excellent Of
fers which they make to depositors or invest
ors have attracted considerable attention.
The firm makes an especial feature of their
interest-bearing certificates of deposit which
are issued for any amount desired, the rate
depending on the length of time the deposit is
made for, and are payable either monthly.
quarterly or annually, as desired. AS an in
vestment this offer is safe and sure of in
crease. Deposits are not limited to large
amounts, but inducements are offered to
those who have but small sums to open an ac-
count at once and add to it at will. Invest
ors are offered excellent chances by them,
and money In any amount is loaned on ap-
proved collaterals. The location of the bank
In the central part of the business thorough
fare of the city is an immense advantage, and
has already benefited that neighborhood to q
considerable degree. The public appreciates
firms that accommodate it in every way, and
this, too, in measure has aided them. The
growth of their business within less than
year IL an indication In itself that their meth
ods are approved by the business men of the
city.
The firm of "Wood & Co., Bankers" +" was
established last July and their volume of
trade increased so rapidly that they quickly
out grew their accommodations at 1106 f
street, where they were the tenants of w. b.
Moses. The firm were looking for more COM
modious quarters where they could moro
easily handle their increase of business when
Mr.. Moses informed them that he intended
to tear down the building they then occupied.
1t was almost month before they secured
from the late Dr. May long lease on the
property they now occupy. The deed was
finally signed one night at midnight and the
operations of tearing down the old building
at 1922 were begun almost Immediately, and
scarcely anything but the side and rear walls
were left standing The building was remod-
eled from top to bottom, and when the work