The Richmond Virginian. (Richmond, Va.) 1910-1920, 1915-09-05

inducing them to abandon improvident
habits and Join the big. advancing
army of savings depositors. Although
the trust companies which pursue such
an up-to-date policy are not wholly
actuated by Claritab BILE or benign i'm
pulses, ii is feet we'll known in bank
ing circles that such courses OF in
struction In thrift and economy bring
large returns to institutions which
spend time and money in this man
ner.
Nor do the trust companies stop
here in doing such good work When
savings depositor has acquired a
Few thousand dollars it often happens
that he or Sac desires to invest in
high-class. safe bonds The trust
companies have special departments,
presided over by manager who knows
all about investments. is able quickly
TO separate the wheat from the chaff.
This advice OF this manager and the
services of rle investment or bond
department are at the disposal of the
savings depositor. The advantage of
keeping savings deposits with trust
companies Is further Illustrated by an
incident which ia an almost daily oc-
currencc.
This savings bank department man
ager was approached one day by n
patron who had accumulated ny hard
work and economy the tidy sum OF
$4,000. some Of which had been in
vested in standard railroad bonds and
first mortga ges on improved property.
The man was advanced in years and
told this story His family consisted
of a wife. one son and two daughters
The son was an improvident youth who
had fallen into bad associations One
OF the daughters was about to marry
a man of whom the parents did not
approve because OF hts irresponsible
habits. The father confessed that he
had premonition that he might not
live very long and he wanted advice
as to how to protect his wife and
have his little fortune preserved ac-
cordfng to hts wishes The savings
department manager introduced the
patron TO the trust officer and he
went away happy with the assurance
that the trust company as executor
and administrator Of his estate would
carry out his testamentary instruc-
tions both in spirit and letter Sub
sequent events showed that the trust
company not only preserved the value
Of the estate. which was held in the
form OF trust. but prevented the ex-
! 'avagant son from spending more than
his allotted income. afforded the
widow comforta BILE income from a
well-invested principal, and finally,
because of its insistence on the terms
of the will. was able to bring the
daughter to realization of her folly
in the unwise bestowal of her affec-
tons.
The trust company also offers many
other facilities to savings department
clients. II has a modern equipped
safety deposit department, where there
are massive vaults for the safe-keep-
ing OF all valuabies. where boxes NAV
be rented at nominal amount. in
which valuable family or property
papers may he kept The banking de-
partment also provides every up-to-
date opportunity for opening check
ing accounts. where money may be
drawn agains, deposits at any time
In fact. the modern trust company,
as so-calied department store of
banking and finance" meets the re-
quirements OF the individual deposit
tor in any way that calls for financial
advice or assistance.