The Washington herald., 1908-03-29

The International Banking Corporation
will occupy its new building. at 1876 Con-
necticut avenue. tomorrow, having re-
moved from it's former offices at lls4 The
manager and officers Of the institution
have extended an invitation to the public
70 inspect the building and its arrange
ments for the comfort and convenience
Of the banks customers.
The new building is designed after the
Italian renaissance style. and is highly
attractive both outside and in. The build
ing was designed and superlntended by
Arthur B. Heaton. architect. The fix
tures are attractively designed in mahog-
any and plate glass. and a striking feature
OF the interior is the emblem OF the bank.
the double hemisphere. indicating the na-
ture Of its business, surmounted By the
American eagle.
The bank has every modern appliance
in the way OF fireproof. steel-lined vault.
built Of re-enforce2 concrete with steel
burglar proof safe time locks. &c, and
with safe-deposit boxes for the use Of its
customers.
sPCCAuA NOoIn LOT L0ultS.
The ladies' department is a special fea-
ture of the branch. Every convenience
which could add to their comfort in the
transaction OF business has been provided
The room is commodious and tastefully
decorate. and furnished. with soft tinted
walls. provided with mahogany tables.
comfortable chairs. handsome rugs. SC.
with toilet-room attached. and other ac-
cessories which suggest a ladies' luxurious
club, where they may rendezvous write a
note. rest for half and hour In dlscharging
social obligations and be thoroughly COM
Portable and enjoy more OF less privacy
when making deposits, drawing checks
or transacting other banking business.
This room is entirely separate from the
general banking Office
The International Banking Corporation
was established in this city four and one
half years ago. and is a branch OF the
same bank whose towering edifice az 50
Wall street, New York. is one Of the at
fractions Of the lower part Of that city.
Its local branch has been successful from
the outset, and to-day its local deposits
are exceeded By only one or two of the
banks in Washington,
Pursues Conservative Policy.
To IT'S large capital and surplus the
bank adds conservative policy which
has enabled it TO hold itself well in hand
at all times. and has proven II 10 be a
source OF strength in periods OF financial
stringency.
The bank. although in every respect an
American institution. is framed along the
lines of the large English joint stock
banks of London. whose boast IS that
there has not been a single failure among
them for the past forty-two years. It is
the only Incorporated bank in the United
States which extends its business into
foreign countries. and in order TO conduct
its business satisfactorily it is necessary
for such bank 10 have its own branches
in different parts Of the world.
In Charge of Col. TAFT.
The Washington branches are under the
charge of ]. Selwin TAFT. as manager Of
the branches of the District. with Col.
James Morris Morgan as assistant man
ager. The Connecticut avenue branch is
in charge Of Norman Bestor, as assistant
of Graham Hume and T. NJ. Jones.
Mr. TAFT acquired his banking expert
ence first in Scotland. and later on as
bank manager in London. He has resided
in this country for the past quarter of a
century and brought TO international
banking questions an unusually ripe ex-
perience. Under his management the local
branches Of the International Banking
Corporation. with its large capital and de-
posts. was a source Of strength during
the recent financial crisis.
The bank has followed a conservative
policy from the start, and when the crisis
came its assets were In a sound and lIquid
shape thereby enabling It not only TO con-
tinue the full volume of it's regular loans
and discounts without change of anv kind
but 10 extend its facilities in a marked
degree alta period when services OF the
kind were very highly priced