The morning call., 1894-04-29

SURPASSED by very few savings banks in
the United States.
The last semi-annual statement OF the
bank after period of uneXamped hard
ship 10 business and labor circles, during
which the Accommodations of every banking
institution in the country was heavily
drawn upon, showed assets of S26. 1885,
966 "a, with a profit for the year over all
expenses and taxes of S6S7. AT 53. The
favorable result of the years operations
enabled the board of directors to declare a
dividend of per cent on term deposits
and 4 l-6 per cent on ordinary ones, be-
sides adding a large sum to the reserve
fund. This result shows The absolutely
impregnable condition of this bank and
the grounds upon which is builded the
confidence with which il is regarded, not
only by the Immense constituency which
intrusts its savings t. its charge, but by
the whole financial community in general
From the date of its Incorporation it's
business has continued TO increase, and
twice during its existence the capital
stock or guarantee fund has been in
creased-onee 10 1871, when it was in
creased to $3.50, 600, and again In 1888,
when il was raised TO a S1,oO0.O0O. at
which figure it now stands.
The list of stockholders now comprises
the besI men in the city, distinguished for
public services and financial ability as
we'll as that sagacity which has made this
bank so powerful factor in the financial
we'll being of the community. 1t has made
a special feature of its general policy of
loaning upon lands outside of the corpo-
rate boundaries, and this. while largely
extend ne its tran sactions, has proved one
of TIT most satisfactory in every respect
Of its vast investments.
A statement of the leading features by
which the San Francisco Savings Union
has reached its present high position
among the leading savings banks OF the
country would be superfuous in this arti-
Gle. Suffice it t. say that every principle
has been adopted whereby absolute safety
in the care of funds and the utmost lIber-
atty toward It's depositors have been DEM
onstrated in lis management.
The present officers CT he Savings Union
are: Albert Miller. president; Bon. E. B.
Pond. vice-president; Lowell White, cashier
and secretary. with George c. Boardm an,
Joseph G. EastIand. .. c. B. de Fremery.
George w. Beaver, Daniel E. Martin,
Thoma as Magee, Charles Pace; I. B. Kent,
surveyor; j. A. Langstroth, accountant,
and Henry q. Campbell, attorney.
FINEST IN THE STATE.
The San Francisco Savings Union is now
In its old home again. the great structure
viii was begun nearly two years ago
being finished and complete. 1t is time
Ii,
pOrary quarters which IL has occupied dur
ing the construction of the new ones have
been TOO confined for lhe immense business
carried on. which, even under such I'M
favorable conditions, has continued uDdi-
minished in volume, and In fact has con-
siderahly increased. The new structure,
which is located on the corner of CalIfor-
MIA and Webb streets. occu Dying the site o T
the old, which had been increased by the
nurchaSR mr.
ground surface of 124 feet on Webb street
by 63:4 feet of frontage on California
street. On this space has been erected the
largest bank building in the State, and
which Tor stateliness of appearance,
beauty OF architecture, convenience and
magnlncence OF its appointments is sur
passed by no building devoted to similar
purposes in the country.
The style is Greek and the whole build
Ing Is pervaded 10y the classic IDEAL It's
walls tower for six stories, and the build
ing is one OF the prominent architectural
features of our city.
10 sustain such superstructure the
foundations. as BETTING its commercial
purposes, had to BE- laid deep down and
strong. The basement is not calculated
but for the ordinary purposes of the build-
ing. such as the heating, ventilation and
steam making, being occupied by the
steam-boilers, water-comprcssors for the
elevators, pumps, air and steam pipes and
other paraphernalla for running the buiIo-
ing and afording the tenants ease and
rapidly Of access to the upper floors and
the ordinary comforts when there. A per-
feet maze of steam. water and air pipes
can be observed on the lower floors all ar
ranged SO as TO afford the most complete
service to the upper portion.
The ground floor is occupied solely by
the bank and. large as it is. being larger
than any other bank on The coast. it is
none too large for the enormous and con-
stantly increasing business which will be
transacted here. One enters through the
marble vestibule into the bank and must
receive q cheerful impression from the