The Ogden standard. [volume] (Ogden City, Utah) 1902-1910, 1909-01-07

Ires, most striking of which "a a ava.
tenn OF piping for live steam designed
Ia quickly parboll any misguided per
scu bent upon burglary.
One Of the officials OF tho Na,ion,I
city bank spent the greater part of
year studying every bank building
tnroughout tho country, and many
suggestions for fixtures and aouipmet,t
we're borrowed, particularly from vast.
ern institutions. All messages pass TO
and FRO from distinct department In
me basement, department store car.
rer and pneumatic tuba service
expedite the handling of $4,000 checks
daily. cable and telegraph commu,i-
cation is direct-these are few OF the
ldeas borrowed from other banks. Tho
banks four hundred employees will
13re we'll with their own kitchens and
dining rooms. and great assembly
room for conference and social pur.
poses There is even provision for n
miniature roof garden. and there is
also an unobstructed encIrcled prom
enade, extending around tho roof. of
sufficient length and Sizo for q we'll.
filed Marathon race.
The National City bank is just four
years short OF the century mark "a
regards age, At the time Of its forma-
tion. In 1872, there were eight other
banks in New York whose total cap
italiEation was s7.552.76 There wero
only eighty-eight banks In the whole
country, with combined capitaliza-
tion of $42.610.601. In 1890 the num-
Der had grown to S29, With capital
kntion OF s114,192,26O. Ten years
later the number was TAI: capitaliza-
ton. S2SS,209. .622. In 1860 the banks
numbered 1862, and the capitalize.
ton had grown TO $4,000, ,16S. In
these ninety-six years the National
City bank has had ten presidents.
Much of It's early prosperity was duo
to Moses Taylor. who for forty-fvo
years was director, and for twenty
six years was president In 1882 he
was succeeded by Percy R Pyne. and
In 1891 James Stillman was elected
president. Mr.. Stillman at once
sought to broaden the influence OF the
National City bank, and as he and
the Taylor estate owned a controlling
interest In the institution, the work OF
developing its resources wns left very
largely to Mr. Stillman. He brought
various other strong interests into the
directorate, and 1t now includes such
names as Henry C. Frick OF Pittsburg,
Cleveland H. Dodge Of the Phelps
Dodge copper and brass interests. +.
II. Hartman chairman of the Union
Pacific railroad; Cyrus H. Mccormick.
president of the International Har-
yester company: George w. Perkins OF
]. P. Morgan & Co.: William Rockefel-
Ter OF the Standard OIL company, and
Jacob Schiff of Kuhn. Loeb & Co.
Other directors are Francis M. Bacon.
Charles 8 Fairchild, Joseph p. Grace,
Edwin S. Marston. Stephen S. Palmer,
! James A. Post, NJ. Taylor Pyne. James
| a. Stillman, Samuel Sloane, John W.
New York city banks and many of the
: Sterling, Henry A. c. Taylor. P. A
Valentine, Moses Taylor and William
d. Sloane. In 1901 Frank A. Wander
lip, who had been assistant secretary
of the treasury with Lyman G. Gage
was elected vice president, and he has
since taken an active part In tho
banks management.
The first home of the National CITY
| bank was In the banking house OF tho
old United States branch bank, and iti
present occupancy Of the Custom
House is a fitting symbol OF its histor
ical relationship with the national gov
ernment The National City bank an'
the war with Great Britain began to
gether, and in that first year OF Its his
tory 1t took a hand In federal finances
subscribing $50O,000 to the government
loan of 1913. This helpful relation
ship with the national government
financial requirements has been con
tinuing policy ever since.
The National City bank was a mem
Der of the syndicate which subscribe
for the entire Issue Of Spanish-Amerl
can war loan. 1t also arranged for th'
transfer Of the S20.000.000 paymen
made To Spain for the Philippine ls
lands. It's close connection with othe
banking institutions have been Cor
stantly broadened and developed Thi
relationship now extends to variou
But the fact of greatest interest an
largest European banking institution:
Importance is the National City relt
tionship TO the country at larg
through It's Offices as New York CORES
pondent of one or more banking inst
tutions In practically every importan
city and town in the country.