The times. [volume] (Richmond, Va.) 1890-1903, 1898-02-10

Important Addition To the f'n"n''"' IN
sti,utions OF the city Launched

Ipporfaut Addition To IN" f'h""''"'
stituuons ct the city Launched
Amongst the most important charters
granted by the present Leeislalu'e
the charter which recently pass,u oo'i,
branches OF the General Assembly ana
on the dh instant was signed by ihs
Governor. incorporating the Richmond
Trust and safe Deposit Company its
iucorporators embrace some sixteen re-
urosentatiVe men including prominent
tngneiers i'm Baltimore and New YORK.
as we'll as ina Richmond. The incorpola a.
tors named IN tho bil are. Hon. doseph
l.. willard, Of Fairfax county non. W.
Josiah Leake. John SHELTON NllilaHl-'
James W. Allison. y. W. Bowe' John W.
Hothcrt william r. Trge. Hon. William
Writ Henry. Henry J.. Cabcll, Frank \.
Davtnport T. w. scott W. VI. Habiis-
ton and james Lewis Anderson, OF t'is
city. Robert G.. Davidson, president ol
the Baltimore Trust and Guarantee COM
uauE of Baltimore and eX-Mayor OF me
clty of Baltimore. j. William MiddendorL
of Nlddendorf Oliver & Co, bankers,
and ,.ico-prcsidcnt OF ..e Georgia ANA
Alabama railway of Baltimore, ana
William j.. Cochran. OF New YORK. MI
Cochran is a director in the Western
Union Telegraph Company. ana also ID
the Georgia and Alabama railway, IN
which many Richmond people are inter-
cytcd and IS distinguished alike for his
wealth and business ability and for his
Dnilanthropy. the city OF Nonkers, his
native place being indebted 90 him
among various other beneiacuons. for the
gift o. tho Hollywood Inn, a model work
ing mans club. which he recently cndow-
cd
a meeting OF the Trust Company in
corporator. was held yesterday al the
Irl Z ff ms fIFN
sons Hon ~. Josiah Lcake presided
over the meeting. and Mr. Henry J..
Cabell acted rs secretary. a resolution
WAS passed appointing Messrs. James
~. Allison t. w Scott ana Henry L.
Cahel a committee OF three 10 open
books Of subscription 20 the capital
stock Of the company. ten days notice
bcing required under the charter. the
books of subscription 10 open on Wednos-
day February -. 1898 ana close on sat
urday the 25th instant. 10 is proposed
that she capital stock shall not be less
than $500 900. nor more than 500 000. al
though the charter authorizes the stock
10 bc increased 100000
The ncOrporators of the company saw
That the business OF the company will
be conducted strictly on Trust Company
lines. and that they do not propose 20
engage iu the mercantile banking bust
mess. 10 is also understood that they
wll not go on security bonds. except Ia
such cases where the estate or fund In
vowed is directly under their charge or
supervision The company will make
speciality Of the execution OF trusts OF
every description. including the admins
traton of estates. and Is especially en-
powered b. It's charter 20 act as receiver.
administrator, assignee executor and
guardian and Is especially designated a.
~ dopositary for funds under the jurisdic-
ton OF any court IN Virginia. or the
United States or of any OF the states
au0 Territories.
TRUST companies In New York. Balu-
mOse ard otnor places have IN recent
years heen the most profitable financial
institutions. the stock OF many OF them
ranging from FIVE hundred 10 one thons-
and dollars per share on par Of one
hundred dollars. An interesting table
was submitted 20 the meeting showing
The condition and earnings Of the trust
companies In New York and Baltimore.
and the opinion was freely expressed az
the meeting yesterday that there is no
reason why the Richmond Trust and
safe Deposit Company properly conduct
cd should not have its full share In this
lucrative business.