The Washington herald., 1908-06-09
WILL MOVE JUNE 10
United States Trust Company
Has Successful Year.
WILL FORM AN ASSOCIATION
Bankers Decide to Conform with
Terms of AIdrich BiI-COmmittee
Appointed to Work Out the Details.
Business on Local Stock Exchange
Is of Small Volume.

Notice has been posted on the front
doors OF the building recently occupied
by the City National Bank. 70 the effect
that the United States Trust Company
will occupy the building about June Is.
The building Is being subjected to some
needed Improvement. extending to the
tinting of the interior walls and retouch-
ing OF the furnishings.
When the United States Trust Com
pany moves in next Monday week. It Will
be practically into q new building. so far
as the interior OF the structure is con-
eerned.
One point Of special interest is that the
date set for the removal OF the trust
company from it's temporary quarters In
Fourteenth street lacks two days OF one
year since the company opened for busi-
ness. 1t was on June IL, 1907. that the
United States Trust Company opened its
doors to the public and began its business
career, which. for the first twelve months.
has been most satisfactory TO officers.
directors, and stockholders.
Hopes for Larger Usefulness.
In It's new quarters the company VIII
probably meet with greater patronage,
because it will have better facilities for
business, and those connected with the
institution are looking forward to better
things in the new location. next ooor 10
the Commercial National Bank. and in a
building which was built for banking
purposes. and has been the home OF the
City National Bank almost since its or
ganization.
According to the report submitted 70
the Comptroller OF the Currency at the
last call. the United States Trust Com
pany had a capital stock OF $l,ooOoO0, un-
divided profits Of s36.046s4 and deposits
OF S5S2, ,S25Sl. making aggregate resources
OF Sl.61S,S72.15.
The officers OF the company are
Il. BRADLEY Davidson. president: Charles W.
Warden. first vcs president; Frederick c. Stevens,
vice president: William ]. Oliver. vice president :
Charles A. Douglas, general counsel and trust OF
CIR; James Trimble secretary; Richard Z. Clangh-
ton treasurer.
The following constitutes the board Of
directors:
James NJ Baker Walter A. Brown. James A.
Cahiu W. G.. Carter. r. A. Chester. IL. Bradley
Davidson. Charles Han Davis, Victor B. Dey oer'
Charles A. Douglas. b. L. Dulaney. Thomas h
Elliott. George W. Fairs, Creed ", Fulton, A. i
Hawse. James l. Kauick. r. H. Lynn. Q. 7.
Martin. Frank Z. Milbum Gcrson Nordiinger. Earl
Il. Norton, William J. Oliver, Chules G.. Phuger.
A. H. Plant ]. SIriCg Poole. Oliver J. Sands.
Ernest l. Schmidt Charles ". Semu,cs. Frederick
c. Stevens, South Trmble. and Chlrles W Warden
VIII Form Association.
Representatives Of the national banks
OF the citv held a meeting yesterday in
the rooms Of the Washington Clearing
house Association. and discussed prelimi-
nary steps toward organizing a currency
association under the terms OF the AL
drich currency bill. 1t was determined at
this meeting 70 organize what will be
known as the Washington brs nch OF the
National Currency Association in which
the national banks OF Washington will be
/ represented, and through which at any
/ future time the banks may issue currency
under the terms Of the Aiorich BILL
4 committee Of bankers was appointe-
/ 10 confer with the Treasury Department
with reference TO the detail Of the or
ganization, and it was decided that an
other meeting Of the local bankers should
| be held at a future date, when this com
mittee Is ready TO report.
4 Trading on the Washington Stock ER-
/ change yesterday was small in volume
and in general on lower prices. Invest
ment buying of bonds was ono OF tie
! features Of the business. In all, 5000 in
bonds was placed on the record. being
/ mostly Capital Traction Is and Washing
/ ton Railway and Electric As.
Capital Traction stock was the most ac-
! tive In that list, 49 shares changing
/ hands at 126 down to 1914.
Other trading was only OF a fragment
airy character and without special sig
/ uifCance