The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1912-09-03
First N ational Moves
Nearly a Million From
Vault to Vault.
STREET CROWDS
FAILED TO SEE 1T
Transfer Made at Early Morning
Hour to Temporary Home of
Consolidated Bank, While
Officers and Detectives
Kept Watch-Ready For
Business To-Day.

Nearly million dollars in gold.
silver and paper money passed along
Main street from the First National
Bank building to its temporary quar-
iers at 600 East Main street Yesterday
morning between the hours Of and
o'clock. So quietly was the transfer
made that not dozen men outside OF
those Immediately Interested knew
what vas happening until long after
the money had been safely placed in
the vaults q: what was the National
Bank of Virginia = snort while be-
fore the sign Of the First National
Bank went up over the doors. and the
Consolidated organization, tho strong
a., between Philadelphia ana N.V Or
leans. actually regan operations.
though no regular banking business
was transacted because yesterday was
legal holiday
Every ono. of course. knew that the
money would have To be moved. but
most OF them who gave the matter
any thought inquired that II would be-
Done IN tho dead OF night, as has been
the case several times horctoforc.
that the street would ne alive via
policemen and detectives and that
wagons hearing the precious burdens
would move along wiki ine utmoAt
caution
Fortune Carried in Truck.
As }, wa ihere was little or no Sc
crecy. The twenty-tom Alco truck that
has since Saturday night been running
from one banking building to tho
other with desks and other parapher-
malta. simply pa kec up TO the old First
National, took on is load and ran leis
urely Up the street to It's destination.
where The bags and packages we're
unloaded like so much ordinary freight.
There was a difference. however. fox
the truck was surrounded by every pos
E.ble safeguard. 30 that nothing short
Of a small army could have held 1t up
1T any moment from the time the heav-
lily bonded clerks began loading until
every penny Vas accounted for IN tho
vaults Of the temporary quarters.
Guarded by SIX Policemen.
Riding In the auto were SIX police
men, specially detailed for the job.
alons with the men who had the money
IN charge, and at various points pri-
va,e detectives kept their eyes open
for anything that might even look
suspicious. A few people who were
raising along the street It that time
then went about their own affairs The
workings of bank are pulling to
the average Individual anyway. so they
let the incident pass with little or no
comment
1t would be hard to say Just what
the contents 90 the auto truck would
have amounted to had II ali hean con
Nerted into cash. for besides the actual
money there were tho contents of safe
other valuab BILE paper worth thousand1
end thousands % dollars. Tho consol
tdated bank is required to keep on hand
IN cash per cent OF its net liabilities.
which amounts to something Ike $3.50
900 Generally there IS much more.
hut that amount must always be the--
Board Holds Election.
At meeting OF the new board Of
directors. held yesterday morning.
John NJ Miller. Jr. who was vice pres
ident and cashier Of the cid First Ma
tional bank. resigned as cashier and
was formally elected vice president OF
the new organization W Mead Add
son. formerly cashier OF the National
Bank of Virginia, was elected cashier.
Assistant cashiers elected we're o :
Morton, John Tyler and W. H. Slaush-
ter These assistants are in addition
70 G r Burnett W. p. shelton A +
occupied like positions in the First
National The newly elected men are
I'll from the National Bank Of Virginia.
James NJ. Ball Jr. was appointed aud
itor.
Vice President Miller said Yesterday
afternoon that the bank would no
ready this morning to open and 20 TO
work with much smoothness and
dispatch as though it had been settled
in its new quarters for months.
To Move Again Inter ON.
Because Of the larger force il, has
been necessary to make several
changes. which the worIsmen had about
completed last night There is NOT
enough room on the lower floor Of The
building to accommodate all the force
but ARRANGEMENTS have been made for
between thirty and forty men on the
upper floor.
The banking rooms in the new sky
scraper diagonally across the street
probably will not be ready before Jar.
uary /. when the final move will be
made After a little remodel,nr Inc
old First National Bank Building viii
be occupied by the Union Bank which
purchased II some time ago