The Washington times., 1911-10-28
BUILDING ACTIVITY
. DEPICTS PROGRESS
OF CAPITAL BANKS
Several Institutions Build
New Homes or Remodel
Old Ones.
LINCOLN NATIONAL
COMPLETED TODAY
Concern Has Attractive and Mod
ern Quarters-Citizens'
Savings Deal.

The purchase, this week, Of the Home
Life office building, at the corner of Fiji
teenth and streets northwest. by the
Citizens Savings Bank. and the COM
Fiction today Of the remoieling Of the
rooms Of the linccin National Bank,
brings sharply to public attention the
progress OF Washington banks.
The Home Life building was purchas-
ed for a future home for the savings
bank II suitable location for the
ticket office of the Pennsylvania Rail-
road can be found, the bank will occupy
that space Immediately upon it's heing
vacated. The-locaticn will be an excel
lent one for a savings bank, and it was
this advantage chiefly which induced
the officers Of the institution to conclude
negotiations for the purchase Of the
deal. one of the most interesting feat
urcs Is the interest rate of the MOI. gage,
! per cent. rata seldom, II ever. OBJ
tained.
Has Modern Quarters.
The remodeling of the Lincoln Ma
t:onal Bark building. al the southwest
corner of d and Seventh streets north
west. IL being completed today. A
thoroughly modern banking house has
teen made out Of the old building at a
cost Of sz5,oo Marble, bronze, and solid
mahogany is the scheme OF the new
banking room. A central entrance on
the street level has been substituted for
a side entrance four feet above the
street. The floor of the banking room
has been lowered four feet. The old
banking rooms were typical Of twenty
years ago.
The renovation was done by the Grom-
ley-Poynton Company after plans by
Architect George P. Hales. A building
burger, shairman; Floyd K. Davis. s.
Dana Lincoln, l.. p. Loving, and George
e. Pumphrey. superintended the con-
The Union Savings Bank is another
institution which soon will have a new
home. Its new building in Fourteenth
street, next to the Bond building, is
now UP to the cixth story.
The future home Of the United States
Trust Company, at the northwest cor
ner Of Fifteenth and G streets north
west, is being completed and will be
one Of the most elaborate rooms in the
city.
Others Showing Progress.
The classic new building for the bank
in house of Lexis Johnson & Co., on
Pennsylvania avenue. opposite the
Treasury. is about completed.
Alterations to the extent of $100, 900
are nearing completion upon the build
ing of the Washington Loan and Trust
Company.
A feature of the new quarters Of
the Washington Loan and Trust Com
pany is the arrangement of the base
ment. The vaults have lowered from
the first floor and elaborate bath
rooms and retiring rooms for both
men and women employees of the
company have been provided. A lunch
room has also been Installed
The Equitable Building Association 9
new building on the north side of F
street, between Ninth and Tenth streets.
is now showing the character of its eX-
terror, a classic white marble, single
story structure.
The new home Of the Perpetual Build
ing Association. a handsome, three-story
building at the northwest corner OF
Eleventh and f streets northwest, now
is about completed.
This makes seven financial institutions
in this city. In a limited territory down
town. which are showing physically
and outwardly the Evidences of their
progress.