The independent-reporter. [volume] (Skowhegan, Me.) 1909-1955, 1922-11-02
MADISON HAS FINE
NEW BANK
Opening of New Build
ing on Saturday
Company Has Splendid New
Quarters in NeighbOr Town


The people OF Madison. Skowhegan
and the surrounding territory have
been invited 10 attend on Saturday the
opening oil the new building and bank
ing rooms of tdc Madison Branch of
the Augusta Trust Company and
doubtless hundreds of them will avail
themselves of this opportunity of in
specting the provisions that an enter
prising company have made for hand
ling their business in a growing
town.
The new banking rooms will be
open from 10 a. III. to 4 p. IN. and
officials of the Trust Company will be
present To welcome customers
friends. acquaintance and the public
generally to their Offices
The new building is credit both
to the Trust Company and to the town
of Madison 1t is brick and mar.
bic structure. thirty by sixty feet
situated at the corner of Main and
Maple streets. The interior is divd-
ed into large working space which
is ideally situated and lighted, and Q
fine lobby for the convenience of the
banks patrons.
The public space or lobby com
prises two coupon rooms and a larger
room for consultation.
The private Office for the manager
is on the left rs one enters the build
ing. and is admirably furnished anf
located. On the south end. of the
building, backed by thick wall. has
been constructed a massive rein
forced vault lined with triple plated
steel. This vault will assure abso.
lutte protection from fire and bur
glarH
The effect of the whole building If
one of beauty and utility. and sug
gests strength and safety. The
banks new Safe Deposit Vault. the
dimensions of which are 11x16 feet
is constructed of fire and burglar
proof, tripleplated armored steel OF
the highest tensile strength. II is
air tight and water tight and guard
cd night and day by alarm signals
The manufacturers believe that it is
the strongest vault possible to build
II is protected by two massive door.
controlled by time locks.
Inside the vault are tiers of small
individual safes all of which are q
inches in depth aud vary in heigh'
and width from 212x5 inches TO SIS
inches. The locks on all doors O
these private sales open only in re
sponse TO two keys. One of these
keys is called The master key which
we keep in the Office. II only hal
unlocks box. The other key is held
10y the renter aud can open only his
own box and do that only after the
banks key has been half-turned in
the lock
The fine neW building was made
necessary by the steadily increasing
business Of the bank. In the tfteer
years that the Augusta Trust Com
pany has had Madison branch
checking deposits have increased from
over half a million to cOnsid
erably over two millions During
the same time the number of deposi-
tors have increased over $50 per cent
and now stands at 5,676
The business OF the Madison Branch
is under the direction of Charles II
Clark, resident trustee; X. c. Gray
cashier and George II. Vles, assistant
cashier.
MIR. Clark. the resident trustee. was
born at New Portland and began his
business career in that place. From
the business of conducting a genera
store he gradually became interested
in numbering, a business which he has
always closely followed. Twenty
two years ago Mrs. Clark moved to
Madison where he has since resided
Mr. Clark has been intimately con
nected with the banking interests of
the town since the first establishment
of bank at Madison.
Mr.. Gray. the cashier. was born in
Mercer, Sc years ago. In February
1896, he became the second cashier of
the First National Bank of Madison.
and when the First National Bank of
Madison consolidated with the Angus
Ia Trust he assumed a similar posi-
ton in the Madison Branch. For a
of years Mr.. GRAY has been
treasurer of the Town of Madison.
The assistant cashier. Mr.. Viles, Is
Sc years old and has been in the en-
ploy of the First National Bank and
Augusta Trust Company since 1908
He is president of the local board of
trade.