The Richmond Virginian. (Richmond, Va.) 1910-1920, 1910-06-27
ERECT SKYCRAPER
At 18TH AND MAIN
Bank at That Corner Will
Put up Nine-Story
Building
PLANS CONTEMPLATE
UP-TO-DATE STRUCTURE
Officers Of Institution Have Much
Faith in Locality and Be
lieve 1t Has Great
Future.

Ih4iS IbA II new Httue IpE the MAIN
Street Bank on the north west corner
| of Main and Fifteenth streets have
been drawn BY the architect firm of
I Scarborough and Howell. The plans
call for a strictly fireproof structure
! of nine stories, the halls to be finish
ed with mosaic flooring and white
! marble wsinscof1ng, while the Offices
I VIII be finished In hardwood. The en-
4 tire building from foundation To roof
[ Will be composed Of concrete, steel
rails, beams. brick, tireproof thing and
stone. With an alley in the rear. the
building Will receive light from three
| tides. Every office will be fitted for
| gas and electric light, and there will
! be three high-speed hydraulic eleva-
| tors, one of which will be used for
| freight. One elevator will run every
| day in the year Toilet apartments
/ with hot and cold water will be To-
| Gated on each floor
| In the basement of the building
| Will be located a ratskellar and bar
! Der shop. The ground and second
| floors will be used by the bank, with
Il safety deposit vault on each floor,
| including a stationary tier OF steel
/ boxes. with Yale locks.
| The next two upper floors have al
| ready been rented. 1t Is said. for office
| purposes.
! Advertise for Bids
The building committee OF the bank
! will meet the latter part Of this week
and arrange matters in connection
with advertising for bids. Unless ten
! ants for the remaining floors are Sc
/ cured shortly. 1t is thought likely that
| bids will be asked on four stories, the
| remainder OF the structure to be put
up In due course OF time. foundation
being laid for nine stories.
| The site OF the bank at Fifteenth
| and Main streets has frontage OF
| ~ feet on Main and depth OF $50
! feet along Fatfs~~TstS "wss~~t The ryes-
| ent building on the site In a three
| story brick structure that was used as
IA store before the ground foor was
| converted into q bank several years
/ ago.
| Advantages at Corner.
| Officers OF the bank believe the VI
I entity of Fifteenth and Main has
/ great future. located as IL Is within
( stones throw of the Union railroad
| station and In close proximity TO the
/ wholesale business district One adj
| vantage possessed by this corner
! they say, Is the fact that the Virginia
| Railway and Power Company expects
| TO run its cars of the Petersburg line
across the river either at the foot OF
Fourteenth or Fifteenth street, &C
| cording to plans that are worked out
] for the building OF the new free bridge
/ across the James at the foot of one
| of these two streets. Eventually. they
/ say further. practically all the rail-
/ roads running into Richmond VII
| sooner or later join In the construc~
! ton of a greater union depot. where
| the present union station now stands
! This, they say, will be an especially
| marked advantage. In view of the fact
| that trains entering the station from
| the four points of the compass VIII
| come in on elevated tracks along
Shockoe Valley without any grade
! crossings to block traffic in the VI
| cinity.
Organized Last Year.
The Main Street Bank was organ
| lied May l. 1909. its promoters pur-
| chasing the good name and site of the
| branch bank OF the Bank OF Rich
| mond. which had been located on that
! corner since September. 1905. ON
| GERS Of the bank are John c. Hagan,
president: simon p Jones. vice-prest-
| dent; F. H. Hardaway. cashier. d.
| rectors are f. NJ. Boxley. John l.
Branch. George w. Brown, +. l..
Frost. r. n. Goode, John c. Hagan.
| r. I'll, Hardaway. V. Hechler. simon
| p Jones, Charles kastelhurg, George
w, Lancaster. w. f. Tanner
The bank is operated under State
| charter and will continue TO do so, II
| is stated. It's capital stock Is $4,000
| and its individual deposits are placed
| at more than $4,000. Three per
! cent. is paid on deposits.