The Washington times., 1907-11-17
DINE SAVINGS BANK
OPENS NEXT MONTH
First Institution of Kind
Ever Attempted in
Washington.
Believed Scheme Will Prove
Popular-Outlook PleaSeS
Officers.

a new savings bank viii open it's
doors shortly TO the Washington public.
This is the much talked of Dime Saw
ings Bank that viii Occupy its temporary
location in the Curay building. at Eighth
and G streets, Monday, December ?. on
this occasion attractive and unique sou
venirs viii be given away to celebrate
the opening Of the first dime savings
bank in Washington.
The idea Of a dime bank is a new one
in this city, although In almost every
city of Importance in the country there
are from one to half dozen In SUCCESS
ful operation. The movement was
started by representative business and
professional men OF Washington, who
felt that there was crying need for
just such an institution. From the first
the idea was popular. the capital stock
OF the bank being more than doubly
oversubscribed without any effort on
the part OF the gentlemen having the
project in charge. The stock has never
soeen put on the market.
The personnel of the officers and bosr5
OF directors Is Of a high character.
Among them may be mentioned Maurice
u. Rosenberg, OF the firm Of Wolf &
Rosenberg, attorneys, president; John
= Herrell. citizen Of East Washing
ton, vice president; Daniel W. Baker
District Attorney, first vice president:
John F. Collins. prominent in Pension
Office circles. auditor; William Mont
gomery, well known in the Masonic
Order, secretary; Alex Wolf. general
counsel; John NJ Riordon, who was
formerly connected with the National
Capital Bank. cashier
Directors.
The directorate OF the new banI, CON
tains names we'll known in business and
financial circles. sucn as:
Ross P. Andrews. OF the R. p. An
drews Paper Company.
William A. Bennett
William Blum. Blum's Department
Store.
Max Cohen.
Floyd L. Davis
Harry 3. Denham, Of the firm Of
Hoover & Denham.
Richard J. Earnshaw.
William J. Earnshaw.
Harry FTiedlander, of the firm Of
B'riediander Bros.
Albert S Gately, cashier. Lincoln Ma
tionaI Bank
Judge Ashley NJ. Gould.
William A. Hall.
John 3. Herrell.
Louis J. Jackson. of jackson Bros.
Harry King, Of Kings Palace
Monroe Luchs, of the Washington To-
bacco Company
Timothy NJ Ring, well known in labor
circles.
Joseph Sanders.
Harry Stamford.
n. Edward Swing, general manager
for the Kenny stores in Washington.
Clarence A Weaver.
Charles c. Wilson.
Alexander Wolf.
Expect Much Benefit.
1t is felt by the organizers of the
new bank that its operation viii be OF
great benefit TO the people Of washing
ton. The success of similar institutions
in other cities is an assurance OF sue
cess here. The experience Of these
banks has been that people who start
with small savings acquire habits thar
lead to thrift and Independence in after
life. 1t Is to this class that the Dime
savings Bank Of Washington appeals.
Dime Deposits.
Deposits as low as one dime will be
received and 5 Ter cent viii be paid Oh
al savings accounts. The bank will be
under the supervision of the ConptroIie-
OF the Currency.
In addition 10 the savings bank there
viii also be department for the
handling Of commercial qcrcTnIs. Tie
new bank has already been pro]nised nv
n large number of representative bur.
ness houses a goOdIy share Of their bus,.