The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1905-02-18
Trust
|SNEN| COMPANY \ | n y
Perpetual Bull ding, j. Loan ';a!r and; and
Trust Company to5 be3s
N erged. 5535j
SAN IS rs ITO BE- PRES s DENT D Z! I.


The American Trust Com pany, with Y! I,
Mr. oliver j. 81 Sands as presto ent,, and and
with capital 8 OF not less than s2oo. .otO.
win probably begin bushes ess wit hin I he
next sixty lays: II
The new trust compan will do 9 e gen zen:
seraI & banking business and will n have sal'S
ofices On Broad and on ain: Streets; Etr ,et
The tual p and Trust
Company viii be merged Into tlieS n ne i Y
company. VI fis
...We have made the Perpetual Il Building, ll
Loa Il and Trust Company q PROPOSE pro 'lt' tiorl,
which they have neither eclined nor sn.'1
accepted. Until they ccept our pro 81 81
ton wesare up in the air and therefore f'or
81 cannot say definitely what our plans plfl
will be. D55j5 ~; 3sss
n, = use the charter Of the Per'
/ petual Building, u Loan and Trust Com pm;
pany, or we ma use an old charter IT hat hat
i secured some time ago. n think the q
\ ssPerpetuals n charter Is an excellent one,
and Ne tnlay use I 1t and change the name,
What that name will be ! cannot tell you
s'.,The \ capital stock Of i the Il new COM
Z pa,n,yswill not be less than $500, 900 u ca y
+ tell you that much. III /: s;5s
s{a ~ Il cannot say. who will be the officers
8ofithe nj w company. 81 I ma y be presid dent
4 Il. tho stockholders see afit to elect me,
but that Is matter Tor the future q 70 70
decide" e II, at sfl
S9 This IS what Mr.. oliver J. Sands presl-
dent Of the American attonal Bank. sal 9
tfur, n S
colleagues had purchased the Perpetual
sRuilding, Loan and Trust Company with
q view towards opening a bank on Broad
Street. 955 3s5ss5 Sl{ eisS
Likely to Accept.
Mr.. Charles sHutzler, who Is looking q q + s
ter eho interests Of the Perpetual sald
that the PROPOSE ton made by r'fsands :
would be accept ed n on II uesdn lext, - :
two additional signatures Il could .Efbee y Sc
cured. these two parties arc bel lieyeds5 lt g
Be stockholders; i out Of :town, and there
seems yto be slittleS doubt that he deal !
viii goIthrough ;f$tt i
"a Mr. sIIutzler said !: IF the two 81 ignn- 4
tures s.nre gotten, the new. 4 organ ton
5will begin business on both Broad 4 ana q q
Main Streets, ", !. n N. y,
a .'The new company will bescalledi issThe , g
American Trust Com pany and.Willl ope--
raj tulluerr a. laClluTlct$ecCulStAs'o
ago Fby Sands and Ills 2Sasso ciatess.
SThe American Trust 6CompnnY1tW have
Mir o, sands as aits president; ;and !
viii Fbe actively Scpnnectc with Its man,
agement and B, Interested H IN "
welfare, II $3:s . " Y. N I ". .
Broad street Iora5 our bal nix. J, he \, otllce
on Main street: Will sbe in the amer lean
National Bank buildi II 81 Il !, l5Lj
f"The new concern will do a Y banking
= s we'll IA a trust business, and the capit-
TIL viii he sufficiently large tq Win ll'' the
confluence Of the entire community.
5.'Mr, Henry HutzleriS will not be con-
ncctcd With the American Trust Conl-
pany, but VIII enter business tt on his own 7
M, Charles Hutzler on being asked
why lie had retired from the directorate
Of the Broad street Bank, I. said L,
5s',I retired 4 for reasons that are Of Y g g
private nature, and about Which 7 cam q y.
not talk, 81 ,.s 8.; Il. y q 4
hank FOR Broad Street with which I
will he CONNECT 60, 4s5S5it t