Los Angeles herald., 1910-10-02
WONDER GROWTH
SECURITY SAVINGS
One of the Largest and Most In
fIuentiaI Banks in the
Great West ., y
DEPOSITS TOTAL $27,ooo,oo0
Established Nearly 22 Years Ago.
Always Under Same Care
full Management

Twenty-Five years ago next Feb
ruary the Security Savings bank
opened for business in a room at 148
South Main street Although this
banking room had a frontage of only
eighteen feet, the new institution,
with its capitalization of $75,000, was
in keeping with the Los Angeles of
that day. In the years that have
elapsed since 1889 the bank has grown
steadily and surely until now it is one
of the prides of a prideful city.
Practically under the same manage
ment throughout it's history the bank
has repeatedly increased it's capital
as the business grew until the $4,000
has become 1,000. 900, with $S50,000 re-
serve. A year after ]. r. Sartori and
his associates organized the bank it
held $247, GAS in deposits and had re-
sources amounting to $3S1.74 There
were then 1853 depositors Now the
bank has more than $27 ,000, 900 deposits,
$29, 900, 900 resources and nearly $4,000
open accounts.
The bank successfully moved, first
to Main and Second streets, then to
Spring and Fourth. and finally to the
present location in the magnificent Sc
curity building at Spring and Fifth
streets, occupying the ground floor and
basement.
1t is conceded by persons who know
that the banking room Of the Security
Is the finest in the west, all its ap-
pointments, including the most mod
ern massive vaults, being the highest
type of their kind. The basement Is
taken up with the safe deposit and
storage department, than which there
Is nothing larger, stronger or better
equipped in the whole west The IA
cilities in this department were de-
signed not only for the utmost safety,
but with the view to insuring con-
venience and privacy Of customers.
A new vault recently completed,
is devoted to the storage Of bulky
packages of valuables, chests and
cases OF silverware, wedding presents
and other articles the owners would
preserve from danger of all kinds
This vault Is of the same size, S2X64
and the same construction as the
safe deposit vault 1t adjoins, both
being absolutely impregnable.
ALL STRIVE TO PLEASE
In all departments OF the bank will
be found uniform courtesy and eff
cheney of officers and attaches, the
policy being to strive always for the
"A
feature in banking business is the
free information bureau, where the
inquirer may, without any cost, learn
what he wants to know for his guild
ance In the city and in Southern Cali
fornia generally.
J. F. Sartori, who at the time the
bank started business was cashier, is
now president. Maurice H. Hellman,
one Of the original directors, has been
active vice president sixteen years. w.
D. Longyear, cashier, recently cele-
brated the twentieth anniversary of
his connection with the bank. Vice
President John z. Platter Joined the
Security when that institution bought
and absorbed the Los Angeles Savings
bank as Vice President Charles H. Toll
did later, when the Southern Califor-
mia Savings, Of which he was cashier,
was merged into the Security. The
Main Street Savings bank also, of
which T. L. Duque was president, was
purchased by the Security.
Other officers of the Security are:
r. Q. Hall, assistant cashier, who, with
the exception of one year, has been
with the bank since the beginning; c.
w. Wilson, assistant cashier; r. B.
| Hardacre, assistant cashier; w. M
| Caswell, J. H. Griffin and w. A. Ellis,
assistant secretaries.
The directorate includes we'll known
men who stand high in financial cir
cles, most of them having long beer
identified with the city's growth
They are: J. F. Sartori, president;
Maurice S. Hellman, vice president;
John e, Platter, vice president: Charles
H. Toll, vice president; w. d. Long
year, cashier and secretary; ]. H
shankland, attorney; H. w. O'Mel-
veny, attorney; T. e. Newlin, vice
president Farmers and Merchants
National bank; ]. A. Graves, vice
president Farmers and Merchants
| National bank: W. L. Graves, vice
| president Merchants National bank;
| w. D. Woolwine, vice president Ma
| tional Bank Of California;; w. H
| Holiday, president Merchants Ma
tional bank: William H. Allen jr
| president Title Insurance and Trust
company; Henderson Hayward, capi-
| tallst.