The Washington herald., 1912-03-12
American Security and Trust Com |

pany.
The strongest evidence of the steady
growth Of any city is its increasing finan-
cial Importance, and Washington bank
ing Institutions all show q remarkable
growth for 1911, especially so the Ameri-
can Security and Trust Company. This
great financial institution was organized
in 1890, and from its inception its growth
has been almost phenomenal, until to-
day it is one OF the most powerful bank
ing houses in the entire country, having a
capital and surplus of S5.l74650. 1t is a
safe statement, and one that will be gen.
orally admitted in the District of Co.
lumbia, that the American Security and
Trust Company of Washington. ID. c.,
has during the years it has been estab-
uShed done more than any other finan-
cisl institution toward the enhancement
of Washington's reputation as one of the
most substantial and progressive financial
centers in the country.
1t is not strange, then, that the business
people Of Washington take an unusual
pride in this institution, which is reflect
ing credit upon the entire community, as
well as upon the energetic and progress
sive management. That it was organized
and is oficered by men of the strongest
financial standing and strictest integrity
will be apparent from glance at the list
OF officers, which are as follows: Charles
J. Bell, president; Howard S. Reside.
vice president; Corcoran Thorn, vice pres
ident and trust officer: Henry F. Blount,
vice president: James F. Hood. secretary;
Charles E. Howe treasurer; Alfred B.
Leet, assistant trust officer; William W.
Keck, assistant treasurer, and John C.
Holden, auditor.
The extent TO which this bank has won
public confidence during its career is
strikingly illustrated in the following
MI ion
10 date. On December 81, 1881, the bank
had deposits OF $5SS, us; capital and sur
plus of S1.39o. .23S, and assets of s, ,l59, ,704.
Ten years later, in 1901, its deposits were
S,e4S,SS2; capital, surplus. and undivided
profits, S1.S3S, los, and assets, S6,OI2, ,l65.
And still ten years later, December o.
ISL, its deposits had grown to S9.253.5 579;
capital, surplus, and undivided profits,
S,l14,65O, and assets. .322. This does
not include the trust department, the Sc
curities Of which are. according to law.
kept entirely distinct from the assets of
the company.
Such a record can tell only one story
the story OF wise and skillful manage
ment, prompt and courteous service,
sound banking and public confidence.
Few banking corporations in the entire
United States can show such record of
steady growth as the above statement in
dicates. The bank occupies its own hand
some structure. which is one of the finest
and most modern buildings in the city,
located at the northwest corner Of Fiji
teenth street and Pennsylvania avenue. A
general banking business is carried on
accounts OF individuals, firms, and cor
porations being solicited and interest paid
on all deposits, large or small.
In addition TO a general banking BUSH
ness, the American Security and Trust
Company acts as administrator, executor
under wills, guardian, receiver, assignee,
and trustee under mortgages, and is
equally as strong in the trust as in the
banking department. In conclusion. we
can only say that the American Security
and Trust Company is considered by great
finanCiers one of the strongest banking
houses in the entire United States.