The Washington times., 1906-12-30

and It was ready for occupancy the
| Following year. The company moving
into their present quarters October -.
1881. The Washington Loan and Trust
Company occupies the entire first floor,
all rooms above being used exclusively
, for office purposes The building Is sub
stantial and massive looking. of good
architectural design. anI imposing in
appearance. II 10 one Of the great
/ building landmarks in Washington. It
was erected at q cost OF nearly a half
million dollars. The LAND on which II
stands. one OF the most valuable pieces
| OF property Tor its size in the city.
/ cost 500 900.
II is about as near the center Of popu-
lauon and street railway traffic as any
/ point in the city, and the wisdom Of
( the company in selecting such a central
location has been fully justified by the
! yearly Increasing amount Of business
I which Is transacted Dy them A few
/ figures viii show better than any words
the steady and remarkable growth Of
I the cOmpany's s business In 1888 the de-
I poslts amounted 20 little over a mil
| lion dollars. while today they are over
six millions. The loans In 1888 were
81 $50. 1904; today they are 81. .12s. .5SI- -7g.
In 1893 the surplus and undivided profits
were Sl70.S73.26, the last report of the
company. November u. 1906, showed
them now TO be S676 .O4s.G
Classified Business.
The business Of the company comes
under four departments, the trust. the
safe deposit, the real estate, and the
banking departments. They do not con-
duct a commercial banking business.
one or the advantages OF the banking
department of the company is that in
terest is paid on monthly deposits sub
ject 10 check, so that no matter how
small the amount a depositor has cred
I tied 10 his account il is drawing inter
est The bank does not loan money on
commercial paper, but upon approved
real estate and collateral security al
lowest current rates OF interest
The important feature of the company
I rs that II acts as executor. administra-
4 tor, and trustee in the place OF indi-
viduals. Time and experience have
demonstrated that this method of ad-
minlsJering estates and carrying out
trusts Is the safest and most reliable
method ever devised 1t IS a Well-knOwn
! fact that in Philadelphia where trust
companies have been in operation for
forty years, handling estates and trusts
involving hundreds OF millions OF dol
lars, no estate has ever suffered a loss.
This Is a convincing argument of the
merits of this improved method of han
ding estates, and the more these meth
DDS of handling estates are understood
the more people will avail themselves Of
the advantages furnished by this com
pany.
Safe Deposit Boxes.
The safe deposit department rents
fire and burglar proof boxes at a cost
of s. a year and upward, and these
boxes are accessible at any time during
Office hours TO the renters A small
amount of money expended for one of
these boxes viii often save the loss by
fire, theft or otherwise of thousands OF
dollars worth of valuable papers, sill
verware, jewels, etc
In the real estate department the com
pany acts as agent for all real estate
placed in its charge Renting repair
ing. selling. and insuring property and
paying taxes. etc. are carefully and
promptly attended to by experienced
men in the employ Of the company
Real estate held in trust by this com
keep it in the best possible condition
and to make It as productive as possible
20 the benehciaries.
The following are the officers of the
John a. SWope, vice PRESIDENT Ellis
Spear, second vice president; Andrew
Parker, treasurer; Harry @. Meem as
sistant treasurer. Boyd Taylor, assist
ant treasurer; Thomas Bradley real es-
tate officer; Frederick Eichelberger
trust officer: John 3. Larner, generli
counsel; A. s. WorthingtOn associate
counsel, and J. j. Darlington, associate
counsel The board of directors con-
sists of thirty members. including in its
number many of the best known busi-
ness men In the city.