The sun. [volume] (New York [N.Y.]) 1833-1916, 1906-04-08
BANK OPEN "a HOURS A DAY
NEW COMPANY no BEGIN ITS
WORK ON MAY /.

Will Accept Deposits and Cash Customers
Checks At Any Hour Save From Mic.
night Saturday 10 Midnight Sunday
Safe Deposit Company on same Plan.
The scheme for an uptown bank to keep
open all night has been worked out and
the bank Is to be opened on May /.
1t is to be known as The Night and Day
Bank, and will occupy the ground floor Of
the new twelve story building at Forty
fourth street and Fifth avenue, on the corner
opposite Sherry's and Delmonico's. This
building was put up by men identified with
the new bank.
The Night and Day Bank has a capital
OF $500, 900, a surplus of 5000, 600 and a reserve
fund of 500 600. The directors are Robert
Bacon, Charles T. Barney, o. II. P. Belmont,
VIII. Chesborough , Thomas b. Clarke, Led.
yard Cogswell Robert NJ. Galloway, Frank
Gray Griswold, j. Borden Hartman, j. w.
Hartman, Myron 7. Herrick, James s.
Kuhn, George H. Norman, MarsdenJ. Perry,
Henry F. Shoemaker, Oakleigh Thorne,
John G. Tomlinson, P. A. B. Widener and
G. NJ. Wynkoop.
Oakleigh Thorne is president Of the bank,
j. w. Hartman and G. NJ. Wynkoop vice.
presidents. @. l.. Wilmerding is to be the
night manager Of the bank.
The only time the bank will be closed will
be from midnight Saturday to midnight
Sunday. The employees of the new bank
will work in three shifts. or course, in
spite Of the fact that 1t is open all night to
take in or pay out money, the new bank
expects the larger part Of its business to be
In the regular banking hours. After these
are over a teller and assistant teller will
come on for an Of ght hour shift, n they
will be succeeded by another shift that will
finish the night.
1t is promised that one will not be looked
on with suspicion if he brings a bag of gold
in TO deposit at 4 A. NJ, or wants to get a
check cashed at the same hour. The
scheme of the bank, its organizers announce,
"is to consult the wishes and accommodate
the nience of the public, instead
of asking the public to accommodate itself
TO the convenience of the bank
"We have been assured OF a lot OF out
Of town customers" said Mr.. Wynkoop,
the executive officer of the. new, bank,
yesterday, because the bank will be a
great convenience to men living out OF
town and coming to New York on trips,
who, by keeping an account at the bank,
checks for them. We also believe that
deposits will be made at night. 1t il often
that transactions nave been closed out Of
town and a person arrives in the city with a
large SUM Of money too late for the usual
banking hours, The hotels are not over
anxious to accept large sum for safe keep
ing and we believe that in this way the
bank will be a great convenience. There
would be no sense in keeping the bank
open just until midnight. A bank of his
sort must keep open all hours
Enormous sums of money are taken
in by the fashionable restaurants on Satur-
day nights. This money IL has been neoes-
sary to keep locked up in the safes over
Sunday. The new bank expects to get
some of this trade.
The Night and Day Safe Deposit Company
has been organized by the men behind the
new bank. The vaults are to be in the
basement Of the building. They will BIO
accessible all night. There is only one other
sdfe deposit company. having the same
hours. That is one that caters to the
jewellers.
so far as is known the new bank is the
only one in the world open night and day.
Banking hours are pretty nearly the same
the world over. The Thirty-fourth Street
National Bank some time ago considered
the plan of keeping open all night, but
the directors decided against it, one reason
being, it was stated, that the night trade
was not considered desirable enough to
warrant a bank accommodating its hours
to it. The men behind the new bank did
not agree with this view and are convinced
that the experiment will prove successful.