New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1904-12-18

p l. Girault. assistant cashier; I. II Pool as
ss'sta' cashier; Wyatt H. Ingram. jr trust off,
~, - CAatlaron, manager foreign exchange de-
pafuheIt' and its directors John ]. Cannon presi-
dent Hibernia Bank and Trust Company; j. w
CasueS Guaranty Trust Company, NewYork;
cage T. Tarbe. Equitable Life Assurance So
ciety' New-fork NJ. n. Wisdom, Equitable Life
assurance Society. New Orleans; Frank b. Hayne
vincent Hayne; Z. Steinhardt. Steinhardt &
Co; o. L. Putnam Putnam & King, Limited: c, E.
Aiise!eT' Auseyer & Co; Thomas McDermott,
sugar merchant; f. Overlook. cotton exporter;
". = bFoWn w. p. Brown & Co.; A. Brittin, A.
Dil'uH q &c; John T. Gibbons, commission mer-
chart u. r. Westfeldt, Westfeldt Brothers; Isl
dore Hechinger, S. Gumbel &. Co; Fl. NJ. Preston
preston q Stauffer; r. w Wimot. W. c. Wilmot
q Co.; Sam Lyman. Hyman. Hitler & Co.; b.
child & Hobson Hnsh Mccoskey. Mctos bT
B10tneTei w, n Byrnes, Hibernia Insurance Com
need ox fqTbnuTe who too well kp9wn to
readers Than the bare mention of their names.
STATEMENT HIBERNIA BANK AND TRUST CON-
PANN AT CLOSE OF BUSINESS.
JUNE so. 1904
RESOURCES.
Cash end With banks 5o5ies4os
Baa building other real esiae. 1$85 SS7a3
S18 oOe l28.l4
LIABILITIES.
aiyidend 10 per cent 1o6S6ooo
$4,000. l2sl4
g. Within dff the year the Hibernla having outgrown
r yS 1G quaTrers fas erected building OF magnih-
corner Of carondelet ana Gravier SITS. opposite
the lover oor q this IMPOSING sn budng o n
s pd nan that for convenience Of arrangement
standard of the foremost institutions Of like char
March g last. The upper floors OF. the Hibernia
64iS buiiqlng are arranged and fitted up for
equipment for the comfort and adequate service OF
more important commercial lines here and from
other parts Of the country. 1t may be said that
New-Orleans's existing office buildings, and that it
Is a welcome addition is evidenced by the rapidty
not its least recommendation to the prominent
Of New-Oreans's most important business section.
Canal-st
AN ENCOURAGEMENT TO THRIFT.
The distinguishing characteristic Of the New
Orleans business Observation-Disclosures
found its best expression in the establishment Of
the Germania Savings Bank and Trust Company.
1t was founded as an od-fashioned savings bank by
certain public spirited and prominent merchants
and manufacturers for the expressed purpose of
furnishing n safe deposit for the laboring classes
and to encourage thrift among them. Started with
subscribed capital of 100000 only $4,000 Of which
was paid ill., however, its successful career has
demonstrated the wisdom of the method adopted to
aid working people For, though the growth of the
idea was very slow at first. time advanced the
laboring classes learned appreciate the value of
such help and hocked to the bank in ever increas-
ing numbers, until to-day it has in its books some
nineteen thousand people whose savings amount to
$1,000 600.
1t has done especially good work among the
negroes, Of whom it now has a large contingent.
Some of these are, relatively. very well off. and
have high appreciation Of the virtues of industry
thrift and economy.
The benefcent idea has since been much extend
ed for after the Germania had been alone i'll the
field some ten years and had fully demonstrated
its efficacy it's success brought about the estab-
iishment of many similar institutions here. None
of these, though have yet touched shoulders with
the pioneer it is now the largest institution OF Its
kind in the South although its deposits are ex-
clusivcIy those of the saving woIkpeopIe 1t has
had its vicissitudes. of course-for instance, inc
It's deposits But II has always deserved ana he4q;
the unbeatable confidence of Its clientele, ana II
not oniv safely WeatheIed that storm, put mas SO
constantly crown that to-day II has three tunes
the deposit line ii then had.
The tiernania's loans all local-all It's money
is right here. In consequence the lhStitu-
ton has been and Is. of great assistance 10 o9dlea
as well aooring classes; lEdeeu, II ms uolo
much build up the industries OF Ne",OIlI;atl9.
C;lite recently one the large local mis- mas peen
furnished. through this banks lnstrunle!ltaII!,
plant and many others maze DeSI dlU ae6 ooo -
loans for like purposes, ranging from Soo.on 70
$4,000 Its management SAYS: Up 10 ua(e lILs
promotion has been one of the most satisfactory
features OF the banks busineSslt is luea! invest
ment-it has never lost us q dollar. III, 49,,
The following comparison OF deposits VIII SNOW
merchants and manufacturers soWe9mWifm zen nm, [e
story of their ideas growth more force1uly IMAM
spoken written words: -.
January 1st 1872 90S i29 i6