Omaha daily bee., 1910-08-31
IS a question; but in all probability not

Is q question: but in all probability not
many years.
New Bank Buildings.
When the City Savings bank was con-
verted into national and the capital in
creased materially, to permit Of a more ex-
tensive clientele II became necessary for
the officers TO consider a new building and
a different location. The result is a grand
structure, the highest building in the city.
erected at great cost but promising profit
able returns in rentals almost from the day
the building is thrown open to tenants
The lessees are even now moving in.
The Omaha National, holding q location
where its whole business life has been
spent, decided to move further up town.
So 1t bought the New York Life building.
and directed architects and builders to
practically reconstruct the interior Of the
basement and first floor. This work has
been going on Cor months. and within sixty
days, probably, the crowded quarters In the
old building can be vacated. The work
! crowded is used advisedly, az for several
/ years the growth OF business has been CIV
! ing serious concern to its officers who
saw the need for vastly greater accommo-
dations.
| As soon as some leases expire on build
ings adjoining the United States National
that bank will proceed to enlarge it's bank
| ing rooms to double their present capacity,
and will also add several stories to the
present structure which viii bring 1t into
! the skyscrapper class.
The Nebraska National has also made the
announcement that II will build a large
modern structure to accommodate its grow
Ing needs.
o1.aH AlaA Al.
other down town banks, with the possible
exception Of the First National, which, in
the beginning allowed itself a generous
area in banking room, will shortly find 1t
necessary to change location or enlarge
their buildings.
Bank Quarters Elaborate.
In finish and general arrangement for the
quick dispatch OF business the new bank
ing rooms of Omaha will compare most
favorably with any in the land While
there will be no necessary business In
fitting or decoration, the artistic features
| OF places where great portion Of the
business public passes through every day
are not to be neglected. Marble, mahogany,
brass and glass are being called into play,
as accessories to space, conveniences, light
and Ventilation Special rooms are being
provided for women customers, whore they
can feel entirely at home and have the
benefit of all facilities which experience
dictates as being necessary.
In the matter OF safes, too, and safety
| deposit departments, the Omaha banks are
equipped with the worry best that mechan-
ical ingenuity Oan suggest or produce. TO
| move some OF these from old quarters to
new is the work OF weeks Of toll by the
cleverest workmen. To get into them
through felonious soheming is considered
quite impossible. The safety deposit vault
branch Of banking has grown with enor-
nous strides in recent years, and to meet
the public demand large sums Of money are
invested in this feature.
What may properly be considered a
quite important element Of modern bank
ing is embodied in the building and loan
associations. They receive and handle
great sums Of money IN the course of
year for investment, and their earning
capacity is we'll proven. Two of these as
sociations In Omaha have combined re-
sources totalling over $9.OOOOOO, with un-
divided profits exceeding $4,000, on July /.
| They have real estate loans to the amount
of Ss,2S7. 9S5, and one Of them shows a gain
| In resources for the first six months of this
year amounting to $780, 1888.
Help Home Builders.
Thousands of home owners, home-con-
tract holders, and investors are concerned
in these building associations, and to these
thousands they serve the purpose of saw
ings banks in which absolute confidence is
reposed. Amounts ranging from 81 to 5000
are received for investment and people Of
small means, OF good character, do bust
ness with these associations with mutual
profit. Their usefulness has been greatly
i WidAnad in he
Of Omaha has taken on new life. Loans
to individuals on pass book security and
in the way OF stock loans. are steadily
growing and the loss is practically nil
With cash on hand and in banks to an
amount exceeding 100000 on July !, It will
be seen the building associations are pre-
pared to hold up their end of the financial
i structure In good shape. They have in
their reserve funds over $2OO, co., and their
yearly transactions run into the millions
So carefully have the Omaha associations
been conducted, they are rated among the
| best in the land.
| While the banks OF Omaha today appear
to be almost at the apex of their success
and usefulness TO this city and the state
| Of Nebraska, men familiar with their
growth and prospects insist that in the
years Immediately ahead they are destined
to take even a higher place. This much
seems certain, the men at the head OF the
various institutions know their field and
have the fullest confidence in its capacity
/ Tor development. This applies not only 10
! wealth as calculated in prolific land. but
also the manufacturing field Omaha
, bankers In common with farsiEhted busl-
ness men in the other walks OF commercial
& activity ever stand ready TO give support
10 commercial ventures based on proven
tacts' and Omaha is steadily feeling the
good effects OF this policy In the industries
being added to her list