The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1912-12-08
BANK RECEPTION.
NEW-MAOE HOME
The Savings Bank OF Richmond
VIII Entertain Friends and
Customers To-Morrow.
OLD HOME MADE NEW
Pioneer IN Small Savings Earns
It's Motto Strong as
the Strongest.

The Savings Bank Of Itchmonl VIII
keep open house tomorrow between
the hours Of a. and I O'Clock. and dur
ing that time the officials OF this pop
ula~ banking institution VIII be on
hand to receive their hundreds OF
friends ana patrons The occasion oil
thls function is thc appearance 81 IN"
banking house in new attire Inc
Savings Bank Of Richmond now occn-
PIES the entire gro.nl floor Of It's
own bui ding 80. ll17 East MAI"
street Fol The past several m'htn'
contractors. architects and iurnia"e's
have been operating on thc hoor be
tween bombing hours. and the result OF
their work IS the Installation OF ne"
and handsome fixtures mat arc COM
v.iote In every detail The nNtuses ana
f1rnitn.e installed represent an out
la. Of about $1,000, ana lnci 'e
BURGLAR and nreproof steel vaults an"
safety deposit apartments handsome
furnishings IL silver oak. COW cilleh'
ana mort comfortable lncased 0ihces
Tor tEe executive objects CLERKS an"
. aookkce p"rs commadious EooI" A"'
tle DoarI oil directors. cons'ltaHo'
-oc,n ana a beautifully arranged ana
FURNISHED Office lor the lazy GUS
tanners OF the bank. where they Can
trausact their business away from
re busy rush at the front counters
and desks The visitors VINO drop III
Tomorrow Will be SHOWN one OF TIC
haudsonlcst and most convenient DahA-
ing houses IN the city.
UI,tory of the Bank.
The sa.lnss Bank Of Richmond was
.,r...r.iz-d in 1913 and opened for pu@-
mess on TIC morning OF April OF t'ds
wear in . small space IN the Nat'"''@'
.sank Of virginia. when then occu-
pied the building al ihe corner u
Eleventh and Main streets.
Dr. r A. Patterson was the presl-
don't l.. L Morris WAS ice-Dre9iden'
ana Captain George \. woodbridge
was the cashier The capital STOCK
was then slopv 200 and considering the
fact that Il was all paid up. and fur
liner considering the colibre OF the
business men who were ia charge. II
MS but natural that safe as IN"
safest became by common consent the
motto Of this sayings institution III
after wears the increase ot capital
stock TO 100000. the accumulation OF
surplus and profits Of about <-'"."'''
and q successful and constantly incTeas-
tins business added % the motto other
words ami now Is reads strong a
the strongest safe a. the Safest
and nothing better describes TINS saw
!ngs bank.
Pioneer in Small savings.
The lat Dr. Patterson. thu hrst
president. was. a. is wen know =, on
vi the ablcst and most successful
arnoug Rlchmond's good and level
leao.d business men. the founder and
neaa Of the famous tobacco In~nuiae-
turing establishment of X a Patier-
son * Co. and associated with otnef
treat enterprises in Richmond. The
Richmond Savings Bank under his snj
his colaborcrs' management was tho
pioneer ~ Richmond and Virginia "a
opening small saving accounts as low
as 81 thus they started out 10 en-
courage the working people. tnr "o-
men and even the children 10 save up
something FOR the inevitable rainy day
ii may be said 10 nave been the pioneer
else ID helping the nan or tae wo-
man OF SNAIL means TO acquire nome.
Infs was brought about o. system
Of loaulnE money 10 their customers 81
tie smallest cost that they might De
come home makers On these lines
Ire Richmond Savings Bank built up q.
suieuald business that was for long
;i-ue peculiar 10 this institution 10
It's savings depositOrs the bank has
paid out IA interest since its establish
,ucnt nearly 100000 and in the mean
lime = has paid its stockholders divi-
dends 10 the amount o. s2e0.oee.
The last statement made 10 the state
CORPORATION Commission shows that the
hank row has loaned on Richmond real
estate security the sum Of $l."-s.sv l.
Other loans and discounts amount 10
sssI.s98 1t holds bonds and stocks as
securities. ana to secure United states
postal savings deposits. S4'.e5o-
Its banking house Is carried on the
books IL a valuation OF $4,000. which
is considerably below the present mar
ket value The resources Of the bank
are now close 10 S-.0oV.oOo-
When Dr. Patterson resigned the
presidency, two years before his death
Vice President Morris Vas elected IN
his place. Thus the bank has had but
two presidents Mr. Morris Is too we'll
known in This community ard all Over
the south a. a business man 10 require
mention in this connection. rs II mem
Der Of a Leading wholesale snoe house.
sS officer in "a number OF financial and
business institutions. As former pres
ident Of the Chamber OF Commerce ana
as leader and worker iu numerous
charitable and public organizations. his
ability - business man ana his in
fluencc for good are known 81 all mcs.
The other officers Of the bank are
r. Sitferding. vice-pr-sident. James NJ.
Ball -prcsidcut and cashier. ScO.
". Watt assistant cashier.
Directors-Jamss " Bali. George ..
Christian. n. Theodore Eliysou. John
W Gordon. y n Gwathmcy. Thomas
l. Moore. J. 4. Morris. u = Patterson.
r. SittcrdinE. Ashton Starkc. H. seldom
Tavior. Granville -. Valentine. 4.
Whitiock. william y. zimmerman.
Mcssrs Christian. EIIyson. Gordon.
Morris. SittcrinG. Taylor. Valentine.
Whitiock and Zimmerman were MEM
bers q IN. original board 81 dir,c-
tors when TIE bank was organized
t~r-.fy-shree years ard more ago.
Cashier Bail vice-rresi6cnt and
cashier BE- regarded - ono Of the abb
est among the ban k men n th-s city.
IL ms rcen 81 the business all bis
NE. in fact ~ may b. said that h.