The Richmond Virginian. (Richmond, Va.) 1910-1920, 1912-10-27
STARTS OUT WITH
GREAT PROSPECTS
v
PLENTY or MONEr AND STRONG.
ExPERIENCnD BANKERS
BEHIND n.
HAS A PRETTY HOME
QUARTERS AT 1fee EAST MAIN
sTREEr-THE BANK AND
THE MEN BEHIND
1T.
HAS A PRETTY HOME

Richmond's big new million dollar
banking insiitution--the Richmond
Trust and Savings company-will
open for business Friday morning
with brighten prospects perhaps than
any similar enterprise that was ever
launched In this city.
The home Of the new bank will be
at No. 110s East Main street, In the
quarters formerly occupied by the
National State and City bank. The
interior Of the building has been re-
modelled and refurnished; new tile
flooring laid and other improvements
made, and when the decorators ars
through II will present an attractive
appearance.
Strong Men Behind II.
This IL the institution. the million
dollar stock OF which was over
subscribed so per cent a few hours
after the books were opened. no only
evidencing the growing prominence OF
Richmond as banking center. but
also attesting the public confidence In
the financiers who are behind the iri-
stitution- And that confidence was
and IL JUSTIFIED. for not only HIS the
new institution a backing IL !, cool
million In capital. but it's officers and
: tlircettssr are aHaEa9 lac h4ssst Atsf+Mnv
strongest and most largsiy ex-
perienced bankers Of Richmond. Bal
tirnore and New York. John SKei-
q. Tinsiey and f.. L. Eemiss. vice.
presidents, and t. L. NiliinshA'n,
secretary ard treasurer. ATuong the
directors are such men as ]. William
Middeniorf. the Baltimore clpitG.ist
w. G. McAdoo. New York railroad
president: o. j. Sands. Richmond
banker: John r. Stone. president
Maryland Casualty company; J.
Elicit. Richmond banker. and others
all strong. conservative business
men OF wealth.
The new corporation takes over the
trust company business of the Bank
Of Richmond, carrying with II many
big trusteeships and the transfer
agency and registration for the stock
of corporations. One Of the main
objects OF the company VIII be 10
eraphasize Riehmond's Importance as
a financial center by obtaining fsr
this city larger share II che PROFITS
and advantages which are row de-
rived By large financial INSTITUTIONS
In New York and baltimore Whicu
could t,ist as vel be ''Feetcu 10 sH's
.h4-.ArnTser can't al
The bank. with IT'S Inheritance OF
The trust branch Of the Bank OF
.Rlchmond's business. will have good
start on the highway to big business
when II starts Friday
The Richmond Trust and Safe De-
nossst company was merged with the
Metropolitan bank under the name
OF the Bank OF Richmond. IN iset.
the Bank OF Richmond inheriting all
OF ..the rights. privileges and fran
chises', Of the Richmond Trust and
Safe Deposit company. and these
hns tow rtrhfx IL Eftft retains,
In July, 1910, the Bank OF Rich
.norA consolidated Its commercial
banking bus ness with the National
bank OF Virginia. turning over to the
latter bank the deposit accounts OF
its main once. and to certain other
local banks the deposits OF It's
branches. and their agreed proportion
OF the total capital stock OF the en-
farged National Bank OF Wig MIA was
then distributed pro rata to the stock
holders OF the Bank OF Richmond.
The hank of Richmond. however, re-
tanned its trust company" business.
which business the National Bank nf
yi~vtnss under tho national banking
act had no right to acquire.
TIL. Bank of Richmond" Is now
legally merged with the newly or
rarized Richmond Trust and Savings
company. Incorporated. under the
savings company. Incorporated" so
that the Richmond Trust and Saw
ings company. In addition TO the
rights and franchises which It pos
sesgsss under its present charter, sue
ceed To all OF the rights. privileges,
fmntunittes and franchises OF the
Bank of r edmond and its predeces-
sor, the Richmond Trust and Safe De-
posit company. and takes over. as
above stated. the trust company BUSH
ness Of the Bank OF Richmond, In
ctudinr the business inherited ~ the
Bank OF Richmond from the Rich
mcrd Trus+ and Safe Deposit COM
pauy. ais welt "a such additional trust
company business az may have been
undertaken by the Bank Of Richmond.
AFTER it, consolidation IN fsoa.
lvjrcfIal business.
Tho business TO which the Rich
mond Trust and Savings company
will address itself will be. prime paliy:
First. The administration ana man.
arement Of estates Of al kinds under
the last will and testament. under or
der Of court. by special appointment.
ana otherwise. az executor, admins
istrntor, guardian. receiver ana trus-
tne. IN
sgcnY.a--The trust company will be
prepared To act as the ..scal igent
for States, cities. counties railroad.
Industrial and other corporations, ana
AZ sdepositnEy fol tina payment ~ M
terest coupons md dividend Hiid Tor
the management NJ sinking fsn'is.
Thsrd--It win act ns the trilstec
rnder mortgages and deeds II trcst
and nc transfer a1oat ana renetraE
of hondE and sts,cks.
Epurth-4-It Will receive Etg5.ey az
tlep0sitS aud aI1ow ta1terNAt thereon