The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1907-11-03
Sag'mgs Bank NH Begin
Ueek IN It's Ne7v BmIazu0
Merchants and Mechan-
les Has Grown Rapid
ly in Three Years.

With its new home almost completed,
the Merchants and Mechanics Savings
Bank will open it's doors Monday al
Seventh and . streets northwest The
building was for a number Of years
known as Majors drug store. It has
been entirely made over with a bank
ing room on the first foOr and Offices
above.
The move into the new quarters Is
another step IN the growth Of the In
stitUtion. The old building next 70
its new location. at Seventh and @
streets, was considered far too small for
the business done by the institution.
Accordingly, the directors bought the
property at the corner Of Seventh and
G streets and laid plans for the con-
struction OF an up-tO-date bank
The New Building.
In describing the improvements, 3.
Stanley simmons. the architect said:
THE building has two entrances, one
on Seventh street and one on q street
The material used in front is limestone,
bronze and copper
Entering from Seventh street to the
right Is the ladies' room, with teller's
windows opening into &, and adjoining
this the paying teller, receiving teller,
bOOkkeepeTs. space and note clerks.
Near by is the cashiers office. coupon
and telephone booths. while at the eX-
IRENE rear a room has been provided
for the president and directors
''The lobby floor Is Of mosaic with
base and border OF Craig's pink marble
and wainscOting of English veined
Italian marble. The walls Of the inter
Tor are sand-hnished above the marble
Built Great Vault
At the rear Of the building the bank
ing corporation has constructed lis
vault. built separate from the building.
In its construction hardened brick and
reinforced concrete have been used
The walls Of the vault are fifteen
inches thick and are Steel lined. Six
combination time locks protect as
many. separate safes in which are kept
the securities OF The bank
Along the north wall 800 safe de-
post boxes are arranged for individuals.
The vault IS divided into Two compart-
ments separated by heavy steel grill
work The inner door Of the vault Is
of steel. three inches thick, and the
outer steel door. five Inches thick Both
the inner and outer doors are nea1Nia
banded with steel, and protected By
triple time locks. an q number OF other
ways. only known To the bank directors
and officials, have the vaults been SAFE
guarded.
Started Three Years Ago
The institution started in business
September /. 1904, with deposits Of S36,-
99T.S Since that time wonderful prog
ress has been made. Today, according
10 the last call Of the Comptroller Of
the Currency. August 2. 1907. SSz5.74S.l
was on deposit The bank pays PCT
cent interest on all savings accounts.
The officers and directors OF the IL
stitution are:
President, EIdridge F. Jordan
Vice president. Nj @. Mccormick
Attorneys, Darr. Peyser, & Taylor.
Treasurer. William c WOrthinston.
Assistant treasurer. Irwin Owiugs.
Directors. Emmett J.. Adams, Bert T
Amos, + Z. Burks. A ID. Carpenter,
a. G.. Chaplain, Samuel d. Cole, Charles
". Darr, r. A DOTe. G. H. Fred, An
thony GaeEIer. EldTidge e. Jordan,
George r Llnkius NJ q. Mccormick,
p. ]. Nee. Julius I. Peyser. Is. J. Smith,
IL. Emanuel Speech, James StTayer- JO-
seph StrasburgeT, Charles }. Walker, y.
d Zantzinges.