Grand Rapids herald. [volume] (Grand Rapids, Mich.) 1892-1959, 1892-07-10

the famous architect, S. S. Bemen OF
Chicago, the leading commercial archi-
tect OF America. It's construction WAS
begun little more than one year ago.
From first to last an army Of artisans
and laborers have been employed, and
the work has been pushed with the
utmost energy. Notwithstanding this
not . fatality nor serious accident has
occurred. The property 10 valued at
S350,000. The first lessee to open It's
doors tn business will be the Michigan
State bank, on Monday, July Ii. The
Michigan Trust company, ms banking
institution, IS now o famous and
well established institution, and IS
the leading company for the transac-
ton OF general trust business i'll the
state. 1t is the pioneer institution of
the state in the distinctive line that 1t
represents. In fact it was through the
efforts of its members that bill passed
the state legislature at the session of
1889, whereby the corporation was
made q possibility under the state law.
The organization quickly followed
the enabling act and the institution en-
tered Upon its commercial career.
Since that time the business of the
,IlCutGdI lIuct HAS ACAilLCu
phenomenal growth and prosperity.
Today there is not q more widely
known or substantial institution III
Michigan than 1t.
Its Organization.
1t was organized in 1899 with O capt.
tai OF $500, 900, with an additional Ira
bility of stockholders for like amount.
The affairs and business of the CON-
pany are subject to the supervision and
inspection of the commissioner of
banking of the state. For the still
further protection of its patrons the
company IS Obliged to deposit Sl00, 900
with the state treasurer.
Its afficers are: President, Lewis ii.
Whitney; vice president, Willard Barn
hart second vice president, d. ID. Cody;
third vice president. Henry Idema; Sec
rotary, A. G.. Hodenpyl. Its executive
committee consists OF these gentlemen
and Thomas ID. Gilbert. James Nj. Bar
nett and Daniel II. Waters. Its direc-
tors are the present members of the
executive committee and Alfred u.
Rathbone, Harvey J. HOLSTER, William
Sears, Charles Fox, T. Stewar' White,
X. r. Woodcock. n. l.. Avery, s. II.
jerks. John w. Champlin. w. W.
GUNNER, +. Golden Filler and Charles
IL. Hsckley.
Under the laws of the state of Mich
igan this company 10 authorized and
will undertake to loan money on APP
proved real estate security, to loan
money on approved collateral security,
I'D act "a executor, administrator, guar
dian, trustee. assignee, receiver, fiscal
aud transfer agent aud registrar Of
stocks, and to act ~ agents for other
persons or corporations IN the transac.
ton of any business that may be com
mitted to IL, 10 care for property, coll
lect interest. dividends, coupons and
rents. TO execute orders for the pur-
chase and sale of all kinds of invest
ment securities. making a speciality OF
local stocks, TO receive deposits OF
trust monies on certificate or subject
TO check, TO receive deposits OF court
funds, tn MAINTAIN and manage safety
deposit vaults, aud 10 transact a gen
eral trust business.
walaiy Trust Funds.
IL directs its business mainly 10 the
receipt OF trust funds and funds for In.
vestment ~ large or small amounts,
and, therefore. especially commends
itself To trustees, capitalists. teachers,
widows. married women, clerks. me-
chsnies. isbarers and others not en-
gagged IA active business. who wish to
levest their capital OF savings ~ mort
cages or other securities. where u will
BE safe aud bring IN an income. The
appointments of The company ss esecus
tor will reiieve one % the emtsaffass-
asnt 81 asking ones friends 90 take
large amount % lsbof upon Themselves
ia eioslng up ones estate.
VII reisese ones friends, whom
ore might eshefslse nanie az esseu-
tors, ffoss TIE eFabsFrssstaeBt - ftfn.
lshing Eso8ds ~ double The salne 81
ene's estate. 4eas estate will he maa
sse8 hy ire executive COMMITTEES Of