The Montgomery advertiser., 1906-06-22
OWNERSHIP OF MONTGOMERY
 SKYSCRAPERS IS CHANGED

is finished in white marble. bronze and brass. All of these fixtures are includ-
 Bank Needs More Room. With the taking over of the business of the Merchants and Planters-Farley National Bank, the increased capital business. President Baldw III and his as- sociates, of the First National Bank, found that more room would be neces- sary for the banking estabiishment. ing ana out of this condition grew the transaction with MT. Vandiver.
 There were men in Montgomery three years ago. when the Flrst h,l,Ia,N Nationaa 9nsn down to make room for the fine six story structure, who regarded the en- terprise as ventur esome. President Baldwin and his associates then showed their confidence in the future of Mont gomery They were the first bankers to erect handsome office building and banking house in Montgomery. The wisdom of their judgment is shown by the fact that in three years the hand some office building IS disposed of at profit and the increase in their business has forced them to construct larger building for it's accommodation.
 The Moses building was constructed
 for Moses Brothers in 1888 and was the
 first modern ofice building in Mont
 gomery It is a six story structure Nfronting eighty feet on Commerce street
 and seventy-seven feet on Court
 Snuare when the ground floor is
 modelled for thet banking house of the lsirst National Bank there will be G.
 300 feet of floor space, with entrances
 v" D Bought From Mir. wright. Several years ago the Moses build ing, which has sixtv-six offices. was was Wripht of Dunkirk. N, Y. Fourteen months ago the property was purchased from the estate of MT. wright by MT
 vandiver for approximately $1s00O0
 This figure. at the time of the pur- chase, was regarded as remarkably low | for the property and 1t was said that | Mir vandiver made handsome profit I on the transaction of yesterday. q bought the Moses building as an | income investment and I have been well satisfied with the investment" said Mir l Vandiver yesterday. L Of course l think that the First National Bank l building will be a better income invest ment."
 Most of the leases of the ofices in l the Moses building will expire October
 of this year; Before that time ,; ofii; l have had a report from architects as | to what improvements may be made l upon the building. If it Is not to he
 torn down the work of fitting the begin. It Is certain that the First Ma tional Bank will occupy this floor by | October i. 1907 It is more than likely 1 that DIV that Qate d tWetNe stoTy Btcei l ofSce bufIdinp will have been built on i tha site of the Moses building with the | offices of the banking houses on the | ground floor.
 | The svnndiver," Its Name. l No changes will be made in the First | National Bank building. Indeed ft is I regarded As one Of the most complete 1 modern office buildings in the State. l The name of the building will he | changed. as, 1t Is customary for the | guidance of the public. to give some | ~eneral title tn buildings O" this char I acter. homes of modern industries and | professional men. On Commerce street I yesterday it was suggested that the | building should be called "The Vand'- yer"
 T hone" said a leading real estate ] man. that MT. Vandiver will allow 1 his friends to christen the nffice build | ing he has inst purchased The Vandi- yer It would be q fitting perpetua- | ton of a name that has been intimate | lv connected with the upbuilding Of l Montgomery. Few men have contri- ] buted so literally and so lntelfigently | tc the material welfare of Montgom- ! erv as Mir. Vandivef.
 'In the years to come. when this pc : | trtotic citizen has passed amay, this l fine office building, if given his name. l would serve to remind genera tions of | one of the men who started MontEom- : | ery on the high road to prosperity and l helped to make 1t great city"