The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1908-03-01


rs acknowledged by all.
a tribute to the perfect management
OF the Planters National from the
first day of Its opening TO the present
time. is tho fact that during its exist |
|ence 1t has earned the large sum of
$2,214,315, and for the complete pro-
lection of It's dopositors 1t has re-
served and now holds as surplus and
profits tho sum of SlO5a,S1o.25--nearly
half of IT'S earnings since organizations.
Tho capital stock and the additions!
liability of the stockholders. added to
tlis reserve. which is the largest car
ried by any bank In Virginia. make the
sum of s1,65o,3t5.2a standing as Il cash
guarantee against any loss to deposi-
tors. These figures analysed simply
show that the policy of Its managers
has always been to do a strictly mer-
camille banking business. looking first
and always to, tile interest OF It's de,
positors. The bank has never engaged
in any kind of speculation or dealt IN
stocks and bonds as is the custom OF
banks in some parts of the country.
Banking by Mail.
Tho purpose Of the Planters National
is and ever has been, 10 successfully
and carefully handle the accounts of
banks. bankers. manufacturers. mer-
chants. corporations. individuals and
firms OF every character. and 1t claims
to have more individual depositors than
any banking institution In Virginia
and to do a larger local business than
any one bank in the city Tt also does
a large out-of-town business. and has
reduced its system of banking by
mail'' to n business science. and 1t has
been made absolutely safe. Tie Local
ton of the customer is of but little
consequence as after years of expe-i
rience. the bank has so perfected the
system as to make 1t stand every test.
and it is yet to be found lacking in any
particular.
Savings Department..
The savings department is a leading
feature of the Planters National, and
it does a large business. Deposits are
received in sums OF 81 and up. and the
depositor receives the same
courteous attention as the one whose
account runs into the thousands OF
dollars. Three per cent. interest Is
paid in the savings department. and It
compounds every six months. The off,
GERS. and in fact. all of the force OF
the Planters National are men of
ability and character. and they make a
study of the individual needs Of their
depositors and endeavor to meet their
demands and extend every possible
courtesy.
The directors meet in session every
business morning except Saturday, and
so keep in touch with all important
transactions
A committee ofSdirectors make eye
each year. and. in addition
to this. n special examiner. appointed
by the Comptroller OF Currency, makes
two examinations yearly.
The home of the Planters National is
familiar to every visitor to Richmond.
It's splendid brownstone and gray
brick building at Twelfth and Main
Streets, which was erected at cost OF
: 125.0oo. is absolutely freproof through
out. Tho $4,000 vaults rest on foun-
dation of sixteen feet OF solid granite.
and are both fire and hurglar-proof. In
fact. they insure perfect safety. for no
bank vaults In the United States are
superior to these in material, construc-
ton and arrangement. The bank is
also supplied with perfectly safe stor-
age vaults. which arc used by GUS
toners for the storage OF valuable
bulky articles, such as silverware,
books etc. There are also steel lock-
ers about the size of an ordinary trunk.
which are used for tho storage OF less
valuable articles.
The hXtures are ofbeautiful marble,
steel and brass, and the wood work
and furniture OF oak and mahogany.sI
The entire arrangement is most con-
Venicnt, and presents very striking
appearance.
ro-dny's Condition. nj Bank.
A condensed statement of the condi-
ton of the bank to-day is as follows:
Resources,
Loans ana discounts. ~. s4,7s5,9s3 10
United states bonds.....5. 100000 90
Other bonds 49, 49, ....s..... 227976 90
Premium account f..,..... 1928 10
Banking house ........s,.. 1885 60
Cash and ex-
changes .....$365,6e3 so
Due from banks, 794,6s4 80
-- 1,16o.377 9s
s6.591411 10
Capital stock ......s 100000 90
Circulation .......i. 100000 90
Surplus ard profits .......E. 1,ooo,o4l ~
Interest in reserVe....3..., $3.50 06
Deposits $4,703,S94 So
.Jonnl ,,,aa,,.,. M 4 an 3f0 m lt