Los Angeles herald., 1906-07-29
Farmers and Merchants National
Bank

Bank
AS the Oldest banking institution in
Southern California, the Farmers and
Merchants National bank has been
closely identified with the rise and
growth CT Los Angeles. Its advance
ment has been none the less contempor-
airy with the progress of Southern
California in its prosperous material
develoo nent. No other institution has
done more toward furthering the pros
perity and fostering the interests of the
city and county of Los Angeles; none
ether has been more enterprsng OF
fortunate in its investments. while its
management has ever been prudent and
conservative, in correspondence with
the stdpnch and reliable character of
the gentlemen who control its affairs.
The stock for the most part is held by
persons who represent the wealth and
stability of this section of country.
The Farmers and Merchants bank
occupies an elegant new building of its
own at the corner of Fourth and Main
streets, which not only is a credit to its
officers and stockholders. but an orna-
ment to the city. In fact, it may be
said with all due regard to the other
banking institutions in the city that
the Farmers and Merchants bank build
ing, the furnishings and all that go to
make it the beautiful structure that it
is, stands second to no other like con-
vaults in the basement are works of
art, and there is great demand for the
boxes. Too, much, cannot be said in
praise of the bank building, with it's
elegant marble interiors and handsome
architectural exterior.
The Farmers and Merchants National
bank is a United States depository and
does a general banking business haV-
ing ample resources and being equipped
with unexcelled facilities for the tran
saction of the various branches of legi-
innate banking. It solicits the ac-
counts of corporations. firms and in
dividuals, as well as out t-of-town banks,
insurinS the utmost liberality of treat
ment.
No bank in the United States has a
stronger combination of capital behind
1t than this institution, with available
assets amounting to more than $1S,000-
900. The officers and directors Of the
bank are as follows: Isalas W. Hellman,
president; ]. A. Graves. vice president;
J. N, Van. Nuys, vice president; I. Il.
Newlin, vice president; Charles Seyler,
cashier; Gustav Heimann, first assistant
cashier; John Alton, assistant cashier.
Directors-Isaias w. Hellman, I. N. Van
Nuys. 1. w. Hellman. jr., w. II. Perry
J; Baruch, W; G. Kerckhoff Henry f,
Ducommun, D. A. Hamburger, II. w
O'Melveny, ]. A. Graves, o. w. Childs
DR.. Walter Lindley, William Lacy and
T. 2. NeWlin.
This institution does business with a
paid up capital of $1.5OO,00O. and has a
surplus of 1,SS1,696,1S; At the close
Of business April 6, 1906, the statement
$18,057, ,903.12. Total deposits aggre-
eating $13,G76 2O6.94. National banh
notes outstanding $1,500,000. Included
in its splendid showing of resources is
$S,737, BOOST in loans and discounts, ar
item which conspicuously reflects the
fact that the bank has been a great
power for good in sustaining the indus
tries and commerce of the city and sur
rounding country. Added to this the
bank has first-class bonds amounting tC
S1.767 ,3S5.06; safe deposit vaults, furni-
ture, fixtures and bank building and lot
S4l3.O17.53 cash on hand, S2,431,626.95
due from banks, S2,572,711,76; redemp'
ton fund with United States treasurer
$4,000.
Formerly the Farmers and Merchant.
National bank occupied the quarters a
the corner of Main and Commercial
streets. now occupied by the United
States National bank. Upbuilding o.
the city and the drift of the business
center toward the south made It neces
sary that new quarters be obtained, anC
then II was that the officers and stock
holders set upon the idea of erectinf
the present magnificent ornament to th'
city at Fourth and Main streets, il
which the bank is now housed.
For many years this institution hai
been one Of the main factors in the uP
building Of Los Angeles, the extension
OF its trade and the development of III
many resources.