Los Angeles herald., 1905-05-04
Important
Consolidation
TWO OF SAN FRANCISCO'S LARGEST
FINANCIAL INSTITUTIONS UNITE
THEIR FORCES
The Renters Loan Q Trust Company
and the Standard Loan Q Trust
Company Consolidate

Concurrent with the consolidation of the
Nevada Bank and Wells Fargos. the absorp-
tion of the London and San Francisco Bank
by the Bank of California and the consolidation
or several other financial companies, comes the
news that two important financial and savings
institutions have united their energies as well
as their business and capital The Renters
Loan and Trust Company and the Standard
Loan and Trust Company, two Of the strongest
companies on the coast, doing installment
loan business, have concluded to unite their
forces. The business will be conducted under
the title Of the Renters Loan and Trust Com
pany of San Francisco The consolidation will
make the new company the strongest of its
kind in California.
The present Offices of the Renters will be in
adequate for the consolidated business. The
spacious quarters now occupied by the Security
Savings Bank at No. 222 Montgomery Street
San Francisco, have been secured and will be
occupied by the company about June
lst next
The Renters previous to the consolidation had
have been built in California during the past
fifteen years.
The Standard while a much younger institu-
tion. has built up business of very large pro-
portions. BY means of the amagamation of
the two forces, the continuing company will
have a working capital of about s2,oOO.OOO.O
During the history of the two companies not
a murmur of discord has been heard. either in
the columns Of the press or otherwise. regard
ing the management or the treatment the pa
irons and depositors have received
The directorate of the consolidated companies,
which is as strong as that of any financial in
stitution in tie West. Is follows Geo NJ
Perne. one Of San Francisco's most respected
capitalists; Capt w. H. Marston, of Berke-
leys best known capitalists. a director in the
First National Bank of Berkeley and in the
Seaboard Bank of San Francisco. He is also
vice president Of the San Francisco Chamber of
Commerce. Samuel Sussman. senior member of
the firm of Sussman Wormser & Company, one
of the largest wholesale grocery firms the
Pacific Coast Louis Fishbeck, general mana
ger of the New England Soap Company the
largest of its kind west OF Chicago w. A.
Boole. president of w. A. Boole & Son. incor-
porated. operating the largest shipbuldng and
dry docking plant on Oakland harbor. j. H
Mallett, jr., formerly of the Pioneer Mantel
Manufacturing firm of Bush & Mallett Com
pany, anl r. T. Harding, of Harding & Sar-
gent, one ~ San Francisco's leading law firms
A stronger body Of men of business affairs
could not be found anywhere
Geo. M. Perine, under whose executive man
agement the Renters grew from a small COM
pany TO its present large proportions, will con-
tinue to act president. Capt w. II. Mars
ton, the president of the STANDARD, first vice
president; J. II. Mallett, ir., second vice pres-
dent, and Grant Cordey secretary. r. Carl
ton Knight, under whose management the
STANDARD grew so rapidly in such a short
space of time will be the manager, and r. T.
Harding and Walker c. Graves the attorneys.