The Sunday herald and weekly national intelligencer., 1891-10-11

auapVeu 10 the Banking business, owing to its
being the headquarters of all financial policies,
and that every industry in the United States
has Its own interest in transactions that are
promulgated here. At each session Of Con-
gress this city is the abode of many of the
largest capitalists 10 the country whose af-
fairs are to a great extent influenced by the
action OF Congress- and many of then neces-
sarily perform an immense amount of business
through our local institutions. Besides this,
each member OF Congress. not few of whom
are very wealthy, must have his bank
through which he can conduct his financial
business.
1t is probably due to these causes that the
banks in this city flourish so successfully.
During the past few years many shrewd bust
ness men have seen the profit and several new
banking institutions have been incorporated.
None Of these has failed, but on The con-
trary all have secured firm footing and are
well established. They all thrive, aud sooner
or later each of them finds that it's business
rnecessitates an enlargement of quarters This
goes to prove that those of our citizens who
have started out in the banking business are
well-principled, shrewd operators who appre-
ciate the trust placed in them by their
patrons and devote their energies to making
the investments of their customers pay good
returns. The large number OF Government
clerks In Washington whose salaries are all
thev have to depend upon makes il imperative
that they have every confidence in the banks
in which they place their surplus earnings be-
fore they are willing to entrust them with
their bank accounts.
Among the half dozen financial institutions
which have been established within the past
two years in this CITY none has been more
successful than the firm Of Woods & Co.,
whose handsome building, at 1922 street, is
well-known to all the frequenters Of that
throughfare.
Mr.. H. T. Woods in conversation with
HERALD reporter yesterday said: Though the
past season has been a remarkably inactive one,
we have found no cause for complaint. Our
growth has been remarkable, especially when
it is considered that at least half a dozen
new banks have been organized in this city
within the past two years. BY this a COM
petition has been inaugurated never before
known in Washington, and, as consequence,
every one must be on qli yiye. | assign as the
principal reason for this dullness the pro-
tracted summer which we have experienced.
Every business in Washington has suffered
from it. 1t is a peculiar fact that the con-
dition, OF the weather has more effect on the
business interests Of this city than any other
clement which enters into it. As you will
undoubtedly remember we recently had spell
| of two or three days of cool weather. The
effect was immediate and business increased
abnormally. Then the thermometer went up
again and the bottom fell out. But now, how
| ever, the annual fall activity has come
| to stay, and every one feels encouraged. The
| financial situation will surely have its good
| effect on the money market, and indirectly we
| must feel it here. 1 hardly expect, though,
that Washington will be greatly benefited
| until about Thanksgiving when the Eastern
| money, which has all been sent West to facili-
| tate crop transportation, will begin to return.
This will effeet the real estate market, and
| when that is active in this city almost every
| other business is. Business men generally
Will tell you that the coming season will be
| most prosperous one, and they have every
| reason to think SO. All Indications point to-
| ward unusual activity. 1t is nearly the mid
| die of October, and the Washingtoni&ns that
| are still absent will soon return. Then, too,
| long session Of a new Congress, that prom
| iges to be one Of the most interesting and i'm
| portant that has ever convened here,is almost
upon us.
| "As for our bank, our success has been far
| beyond our most sanguine expectations. 1t
| was only little over year ago that we
| opened our doors in small quarters and now
| You can SEQ for yourself that our large force
| OF clerks are continually kept busy. Since
| We have been In our new home here at 1872 +
| street we have doubled our business. There
is not day passes that we do not open d
number of new accounts. We are striving by
prompt, liberal, but conservative man
| agement to please our many deposit
tors and friends and make them feel a
| personal interest in our rapid growth and
prosperity. We feel that we have won
the confidence OF the public, and are doing
l ofOiybuiIB Wibuiu OuT power W piOFc phao
this confidencei is not misplaced. We have
facilities that are not excelled for keeping in
touch with all financial situations and keeping
our patrons well posted as to what is going
on. Our connections in this country
and abroad are of the very best and con-
Sequently We feel that we are worthy
of the trust which is placed in us.
A new advantage, which we have lately
made arrangements to carry out is our foreign
connections by which we are enabled TO draw
drafts on Great Britain, Holland, France,
Italy, Portugal, Russia, the Austrian Empire,
Sweden, Finland, Roumania, Turkey, Algeria,
Ireland, Belgium, Switzerland, Spain, Ger
many, Poland, Denmark, Norway, seryia,
Greece, Egypt, and Tunis.
81 fad also that our interestrbearing GER
tificates Of deposit, OF which we have made a
special feature, are being used to a large ex-
tent The benefit of these is that one COM
ing here withIa certain amount tofnYest wishes
to place 1t in some safe place until he can
determine how and where he wishes to invest
1t. These certificates enable him TO do this,
and at the same time have his money draw
interest. The certificates are payable on de-
mand. Our new location has also been an
aid to us and convenience TO the many busi-
ness men IN the vicinity. We still continue
to accept small deposits with which to open
an account, but more to accommodate our
patrons than to benefit ourselves. All in all
we are very enthusiastic over the success we
have attained"
True Merit.
Speers Port Grape Wine is an article of
true merit 1t has been indorsed by the lead
ing physicians Of New York, Philadelphia,