The Providence news. (Providence [R.I.]) 1891-1906, 1896-01-29

a frontage on Westminster 81. of 40 IT,,
TIE same on Exchange Place while its Ex-
change q. facade Is 200 II. There Is a total
floor space OF over 90, OC0 Il. The archilec-
tufai style IL Renaissance OF a modest and
simple tyre Which gives the building the
appearance OF great sollaity and massive
ness. The interior of the structure Is eIab-
orstely finished. The siairways are OF
white marble as nre also the nails, corri-
doris and lavRtories relieved by the terra
Gotta partitions. There are upward OF
49, offices Ia the binding. OD the ground
door are the oanking rooms OF she Indus
trial Trust CO., uccn pying a space 1l5x37
IL. and equippsd witb,al "a xury2not SUR
passed sbS That of any sim liar institution
ippSow England. The main apartment
is furnished in Mexican onyx, sSan Do
mIhgo mahogany and ola brass, the 1oor
being OF white tiue-yeined Italian marble
and the &c ling finished ia old gold and
warmer tints. The banking room once
entered Is never TO be forgotten. The treat
feature is the Mexican onyx, OF which
hundreds OF square feet are here displayed
forming counters. partitions ana wains-
coting Of the walls and great slabs for
seats and mantels. San Domingo mahog-
aay, used In combination with THE val
liable material. is OF q rich color and many
striking contrasts and effects have been
pleRsingly effected. The Old brass used In
all minor ornarGentation IL entirely in
harmony with the other rich materials
used add greatly 10 the general effect
OF the room. And SO throughout the en-
tire suite of rooms occupied by thi, great
corporation Is displayed that lavish luxuri-
ousness that stamps the success OF the in
stitUtion indelibiy and continually before
the eyes OF a wondering n admiriug
public. This institution was incorporated
in 1856 and began business under the pres
ent style August, 1887. Its capital stock
IS II 1000, 600. The c~ompany's cash depart
ment IL a thoroughly organized banking
institution, afforaing every facility to
patrons. Loans are made on approved Sc
curly and mortgages on real estate, first
class commercial paper Is discounted, and
the collection OF notes. drafts, coupons
and interest Is made on the most favorable
terms, through its correspondents, includ-
ing sleadlng banking establishments
In all parts OF the world. The company
acts as agent for the transferring and
registering or countersigning OF certif-
Gates OF stock, tonds or other obligations
OF incorporation, association, State or
public authority, and also undertakes the
execution OF trusts in m State of the
Union, all trust funds being kept separate
from the assets OF the company and in
vested in the name Of the parties for
whose benefit they are held. That all of
these advantages and facilities are duly
appreciated and promptly availed OF by
cur citizens is evidenced by the statement
of the company made May /, 1895, which
shows an average deposit OF "a, SOC, 600;
profit on hand S64, 9l5. AZ; surplus s200,-
600; total resources, 80, 46S, 059. 81; partici-
patton account deposits, 81, 1855, CSC. Al;
special trust deposits, $50. 243. 90. The man.
agement OF this great institution Is vested
in pres. Samuel II. Colt, one of the best
known citizens Of II. l., also prest. of the
National India. Rubber Co., and identified
with numerous enterprises and a tower of
strength to all. The vice prest. is Hon.
Joshua NJ. Alderman, widely known as the
Z. Brown is treas. and Waldo NJ. Place,
Sec. and these gentlemen are eminently
qualified as the custodIans of the inances
of this powerful institution, while the
board OF directors comprises much of'the
financial solidity and business talent of
the city and state.