The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1903-06-28

advantages they offer. In this lies
strength for the Greensboro Loan & Trust
Company.
A trust company is a corporation form
ed for the purpose of accepting and exc
cutting such trusts as may be lawful OF
acting as trustee, of receiving deposits OF
money and other personal property, OF
issuing obligations lending money on
real estate, of acting as executor, adj
ministrator, guardian, receiver, of acting
as trustee of bonds issued by any cor
poration of making loans on bonds, stocks
mortgages or real estate; of collecting
rents and managing real property of every
description, of selling real or personal
property under order of court or for in
dividuals at public auction or private
sale, of doing a general banking business
and generally, of acting as agent for any
person on corporation in the transaction
Of any lawful business. The trust COM
pany can be your banker, receiving your
money on deposit subject to check or on
certificate of deposit. 1t can receive your
securities or other property, giving you
"a receipt therefor, and collecting and send
ing you interest thereon. 1t can be your
property, both real and personal, make
your loans, collect your interest and rents
for you; it can be your executor or ad-
ministrator, can act as guardian receiver,
trustee, and in general give you the
benefit of the combined wisdom of corps
of experienced financiers.
The Greensboro Loan & Trust Co. by
reason of the volume of its business and
the special knowledge Of a great variety
of interests, has acquired an experience
i'm the handling of matters of trust such as
individuals could hardly be expected to
get. 1t understands the duties prescribed
and is, therefore, fitted to manage the
interests OF others in the best .manner
possible; and last, but not least, it offers
scrupulous fidelity TO the trusts confided
to it, for to such fidelity its entire assets
are pledged.
The trust companies arc increasingly
popular. Few men care to serve in the
capacity of executor, administrator or
trustee but once; none twice. The work
is one Of careful detail, often requiring
for its proper fulillment an amount of
experience, investigation and care out Of
/ all proportion to the amount involved
tracts one of the parties may be dead
and the dishonest one may seek to take
advantage of the fact. and most men who
are competent 10 act in trust relations
usually have their hands full with their
own business which they must seriously
neglect or let the matters entrusted to
them suffer
| This is simply one of the many things
which the Greensboro Loan & Trust
Co does for Its patrons. The growth and
development of the city of Greensboro
render necessary the increase of her bank
I ing and industrial interests to keep pace
with the extension, and the Greensboro
Loan & Trust Co. fills the long-fet want
/ in that city. 1t occupies one of the hand
soonest buildings in the entire State, and
/ its interior is perhaps the most attractive
of any banking institution in Western
Carolina. The appointments are very
artistic and tasteful, making it one Of
a the best equipped financial headquarters
Tt has the latest and most improved safe
deposit vaults and money chest in the
South.