Free trader-journal. (Ottawa, Ill.) 1916-1920, 1917-05-12
NEW OTTAWA BANK
WILL OPEN DOORS
THURSDAY, MAY Il.
PUBLIC TO PARTICIPATE IN RE-
CEPTION AT PEOPLES TRUST G.
SAVINGS INSTITUTIONAL
ON BUILDING ABOUT coMpLET.
ED.

The Peoples Trust & Savings Bank,
Ottawa's newest financial institution
will open next Thursday May IT, for
the inspection of the public. The
bank will also be prepared to do bust
ness right from the opening.
The new bank is organized with a
capital of $4,000 under the laws of
the State of Illinois and will be sub
1ected to state supervision at all
times. The stock holders of the new
bank consists of fifty of the leading
citizens of Ottawa and vicinity and
the officers and directors named
from among them consist of the fol
lowing:
Directors.
j. j. Mcclure, r. J. Mahoney T. l..
Grot, w. d. Duncan, l.. M. Lucey,
Richard Wolf, William Stanton, Jr.
officers.
President j. Mcclure
Cashier-P. j. Mahoney.
j. J. Mcclure, the new banking
head, is new resident in Ottawa, he
has rented the residence property
of the late Thomas j. Reardon, 415
Clay street, where he expects to re-
side with his family Mr.. Mcclure
has been in the banking business for
good many years and at the present
time is interested in several banks ii
Iowa
7. J, Mahoney, the cashier, is {
worry competent accountant and at the
present time is holding the official po
sition of State Bank Examiner for III,
northwestern district of Illinois Mr.
Mahoney expects to give up this posi-
ton. however just as soon as he take
up his active duties in the bank.
The new bank will have for it
stock holders a number of Ottawa''
business and professional men. ant
from the beginning it expects to Sc
cure some very large account The
opening day will be devoted principal
ly to the inspection of the bankinl
departments and the general recep
tions of visitors Souvenirs will b.
given to all callers. The interior
decorations are not completed at thu
present time but just as soon as the
wage agreement between the Contrac
tors Association and the labor unions
are adjusted this work will be finish
cd The directors at meeting helC
yesterday afternoon decided that the
would not interfere with the contract
that had been previously made will
the contractors and would let the fin
ishing of the banking room go unit
all wage difficulties are settled.
The new bank, which is located il
the opera house block has an entir
new front. 1t is trimmed with whit
stone and with ornaments to mattel
the interior fixtures including the pal
titions, sidewalks and movable fl,
lures are finished in Circassan Wa
nut. All the work involved in NAL
ing these fixtures and in placing ther
was let to Sanders Bros Mfg Co, an
Sinnott Bros.
The big concrete vault was built b
Sinnott Bros. 1t is made Of solid col
crete, reinforced with steel rods.
contains the safety deposit boxes an
= the vault in which the bank funds ar
placed The deposit boxes and SAT
are the latest type Of construction.
The banking hours win be fr0l
nine a m to three p, m on week day
and seven to eight o'clock on Sa
urday evenings The public Is invite
to attend the opening on Thursda
A general welcome viii be extende
to all callers and souvenirs will
presented.
The Peoples Trust a. Savings Ban
will soon become a factor III Ottawa
> financial life The stock holders al
directors are men of high standir
and financial worth and a number
them are closely connected with {
tawas leading mercantile and indu
trial establishments.