Evening star., 1923-11-05

inside the revolving doors will be an
eight-foot monumental staircase.
hanked on either side by the latest
type easy running elevators to carry
the customers up the ten feet required
to reach the main banking floors.
These elevators will be equipped with
the new leveling device, which will
enable them to stop within an eighth
of an inch of the floor without vibra-
tion
Elaborate Interior Planned.
The main floor room Will be entire
ly surrounded with its handsome COL
umns which will support a dignified
balustrade mezzanine on all sides.
Twenty individual cages will enable
customers to get in and transact their
business without the slightest delay
or hustle.
Two separate oficers' platforms.
each with private consultation rooms.
all amid plenty of space, are likewise
provided. Both President Poole and
MI Galiiher. chairman of the board,
VIII have rooms incosed from noise,
but at the same time within easy ac-
cess for advice or reference.
The employees on the main floor
LOBBY. will have a clear view OF the
banking floor at all times. making
anything In the nature of a hold-up
practically impossible. On the mez-
canine the mailing department and
those employees who do not come in
contact with the public will be quar-
tered. Boardrooms, conference rooms
and reference library also will occu-
py part of this mezzanine, all
reached both by east stairs and ele-
vators. The new trust department.
recently opened under Erskine Cor
don. will be installed here in COM
Portable quarters.
Special Vault Planned.
The new building also contemplates
special vault for the banks funds
and great security safe deposit
vault for upwards of 5000 customers,
situated on the ground floor. under
the general public alley Of the bank.
This safe deposit department may be
entered direct from the entrance ves-
tibule of the building or from the
main banking lobby. A circular steel
door and vestibule. the weight of
which will be tremendous, will be but
one of the means of protection en-
ployed. A review of the latest and
best of both Europe and Americas
vaults is being considered to abso-
lutely assure this vault being secure.
The greatly increased business of
the amalgamated institution, since
the merger was consummated, a little
over year ago, has made larger
quarters imperative.
Trading on Local Exchange.
Continental Trust Company stock
made new low level on the Wash
ington Stock Exchange this morning.
when five shares sold at IS. The pre-
vailing level of this issue has been 80.
Other issues held steady in a mini
mum amount of trade. Railway As
sold at 20 and 69A, and Pepco refund
ing IS brought 101.
Railway preferred stock was un-
changed at 71A. and Washington Gas
Light stock brought AS.
Stock Exchange to Close
Tomorrow. being election day in sew
eral state. the principal markets of the
eountry. including the Washington
Stock Exchange, will remain closed
However. all local banks will function
as usual.
The offering syndicate reported a
ready sale of the 100.000,000 issue of
American Telephone and Telegraph
Company twenty-year 5is per cent de-
benture bonds. offered this morning at
prices to yield about 5.63 per cent.
The local chapter. American Insti-
tute of Banking. is forming debating
society. Clarence F. Schatz, chair
man, has called a meeting of his COM
mittee for tomorrow night at o'clock
at the chapters rooms for organiza-
ton.