Omaha daily bee., 1910-08-17

distance through arterines Of business II
the need arose. One bank here had about
N,000000 on hand another had over 100000
and a third well onto s1,500,OO0 South
Omaha banks had So, $4,000 OF the cash re-
ported.
The capital stock of the eleven local banks
totals a. 10000 OF which SS50,00O is credited
TO the four South Omaha institutions
Circulation, based on government bonds
amounted to 81. $50, with S611. $50 charged
to South Omaha banks.
Banking houses and furniture are given
a value Of sl.O4s,122. which is very oon-
sentative. In this matter of banking houses
this city will very shorty take it's place
away up in front While the present
homes Of the banks are not to be sneezed
at, they are all too small. or so located in
several instances that a change Is i'm
perative. The Corn Exchange. for ex-
ample, but a short time ago opened in one
end of a department store. 1t was but
few months until the new bank was com
PEELED to seek more commodious quarters
and a building was remodeled for its &C
commodation. How long this will suffice
is a question; but in all probability not
many years.
New Bank Buildings.
When tho City Savings bank was con-
verted into national and the capital in
creased materially, TO permit Of more ex-
tensive clientele. it 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 lessaaa ara AVIAN ,oxu rnoyIpo In
The Omaha National, holding location
where its whole business life has been
spent decided to move further up town.
So it 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 for months, and within sixty
days. probably, the crowded quarters in the
old building can be vacated. The work
crowded is used advisedly, as 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 procesd to enlarge its bank
ing rooms to double their present capacity,
and will also add several stories TO the
present structure, which will bring It into
the skyscrapper class.
The Nebraska National has also made the
announcement that 1t will build a large
modern structure to accommodate its grow
ing needs.
1t seems not at all improbable that the
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 it
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 a 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, where 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 very best that mechan-
ical ingenuity can 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 scheming 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 a
year for investment and their earning
capacity is we'll proven. Two of these as
sociations in Omaha have combined re-
sources totalling over 100000, with I'M
divided profits exceeding $4,000, on July l.
They have real estate loans to the amount
of So. 297,9 1886, and one OF them shows a gain