Evening journal., 1921-03-16
Open new TRUST
BLDG MARCH 2S
Industrial Bank, Tenth and
And Shipley, Rapidly
Nearing Completion
FORMED 6 YEARS AGO,
GAIN REMARKABLE

From a small Office at 932 Market
street 10 the shipley street front OF
the Ford Building. and now to a
handsome $4,000 ten-story Office
building Of its own-such epit0mizes
the remarkable growth OF the Indus
trial Trust Company in the six brief
years OF its existence.
Or, to put II in another way, from
total loans OF $3O,9OO in 1914 20
fl.364.OOO in 1920. in round figures
such has been the expansion Of the
company.
on Saturday. March 20, the new
building Of the Industrial Trust. at
Tenth and Shipley streets. will be
ready for inspection. A reception
will be held within II that evening
by the officers OF the corporation, to
which the general public will be
bidden. On Monday. March Is
the day following Easter-the com
pany formally will open its Offices IN
the new structure for business.
The new building is Of latest con-
struction, fire proof throughout
Architecturally, II is modern ap-
Dlication Of Italian Renaissance. en-
bodied I'm Indiana limestone. tapestry
brick and c0lored terra-cOtta, form
ing one OF the most imposing Office
buildings In the entire city. IL will
furnish commOdiOus facilities for the
trust company. and 81 private offices
In addition. Entrances are provid-
ed on both shipley and Tenth
streets. Elevators will quickly
convey passengers TO upper floors.
For its own use the Industrial
Trust Company has reserved the
basement, first and mezzanine floors
The banking quarters will consist Of
general banking departments on the
first floor, safe deposit department
and service rooms In the basement.
and executive offices on the mez-
canine floor
The vault provides space for the
safe deposit box department and a
separate section for the security
chests for the collateral Of the bank.
An electrical and mechanical pro-
tective system has been installed
which sounds an alarm the moment
any attack is made on the door,
walls floor or ceiling OF the vault
by tools. explosives or flame. This
protective system also has been ex-
tended 10 the banking quarters TO
provide against a daylight hold-up
attack.
Among the prospective tenants Of
the offices in the new building are
Judge Daniel o. Hastings, who has
taken an entire floor for his own law
Offices and those Of his associates;
and J. Ernest Smith attorney. Then
the II. ID. Watts Company. which
constructed the new Industrial Trust
Building and has contract for cree
ton Of the 100000 high school at
Laurel. has engaged a suite Of rooms
Numerous other applications for Of
fice space have been made 10 Carroll
w. Griffith, who has the letting out
OF the building in charge. These
latter, Mr. Griffith says VIII be an
nounced later
How thc Company Started.
When asked to say to what he at
tributed the remarkable growth oi
the company. Haldeman c. Stout
who organized the Industrial, re-
piled promptly.
Equal treatment TO all patrons
The small account of today may b'
the lAIkf ANNNuNN VI ANiAANA AWNhH tltf
years ago / became convinced there
was room in Wilmington tur banl
which would provide especially foi
the needs OF the small dopositor and
the small borrower. 1 enlisted th'
interest of some OF our most prom
inent and we'll known business men
on July %, 1914. the Industrial Saw
irgs and Loan Association was form
ed. with S50.O00 capital
Charter members were George S
Capelle Horace Wilson, Edmun'
Mitchell Henry r. Isaacs and my
self. The first officers and director
we're Dr. willard Springer, presi
dent: A. v. Hughes, vice-president
aud myself, secretary and treasurer
The directors were Orville G.. Good
en-, Howard A. Turner, w. j. Nc
Corkindale. Carroll W. Griffith
Thomas NJ. Monaghan. Harry
Lynch. Henry r. lsaacs and Gale
NJ. Steward.
"The organization gave promise o
success from the start Its pla
was new in Wilmington, and is wha
is known as the Cannon system
A. S. ]. Cannon, of Norfolk, Va
is the founder of the system in thi
country. It's object is TO max
small loans on endorsement Of tw
people, or on collateral.