The Washington herald. [volume] (Washington, D.C.) 1906-1939, 1907-12-08
MOVES TO NEW HOME.
Continued from Page Four.

banks. In the banking department the
business is conducted on conservative
lines.
Business OF the Trust Company.
Trust company business in Washington
is on a somewhat different plane than in
some Of the larger commercial centers
where promotion and exploitation Of in
dustrial and traction enterprises are en-
tered into with more or less profit and
risk. As stated. the District trust com
panies are under Federal control. and ara
largely engaged in the management Of es-
tates. under the direction OF the courts
or by agreement With the parties them
selves. They are conducting conserva-
tive banking departments. Ioaning money
upon the security Of approved collateral.
and paying relatively small rate OF in
terest on funds deposited in the money
departments.
The corporate management of estates
including the execution Of wills and the
investmen. OF the proceeds OF estates in
trust, is coming more and more into use
in recent years
The practical advantages OF the trust
company may be summed up in the idea
that such companies employ a staff of
/ trained experts who devote their time
exclusively 10 the mana cement Of the
cOmpany's business. Attorneys. 10 whom
property law and right are a constant
STUDY. look after the details Of the legal
questions involved. Men trained in real
estate values give the fruit OF their study
and judgment 70 the worth Of property
which may be connected with estates
he arfr
sale is perfect The company has oppOr-
tunities for investment which the indi-
vidual executor or attorney would never
know.
As the result of system energy, and
expert effort, the trust company has
I brought 20 the problem OF managing es-
tates skill impossible outside Of the
channels In which it operates. II is a
/ specializing OF financiering which has
grown UP rapidly within recent years TO
the advantage OF the community and the
profit Of invested capital II serves the
! individual estate cheaply, while in the
/ aggregate It affords the best facilities for
handling money proftably. effectively.
and safely.
Finances OF the Company.
The capital stock Of the Union Trust
Company is S20OO,000 Until January Of
the present year it was $1,so0,OO0. the par
values of the shares being 500 each. The
increase Of the stock TO 100000 was 10
provide funds specially for building and
equipping the new building: the $4,000
additional stock was issIed at SlsO a
share. and stockholders OF record were
given the opportunity TO subscribe FOR
one share Of the new stock for three OF
the old The opportunity was accepted
/ by large number of the shareholders
For time the rights were bought and
/ sold on the local exchange.
In its new ZONE with increased faciIi-
ties for business. and in a location which
better serves its purposes, the Union
/ Trust Company anticipates create. pros
perity than it has hitherto known. In
the new structure both the banking bust
ness and the real estate department will
have ample room FOR their opera lions
without crOwding one upon the other.
The new home OF the two companies Is In
keeping with the modern demands 81
successful business. and the officials Of
the company look forward 10 an uninter-
rupted period OF large operations and
success They invite their old patrons
10 follow them 70 the new home, and
expect many more TO avail themselves
/ OF the advantages offered by the COM
pany in its enlarged field.