Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1924-01-24

Federal Trust Co., Waterville.
! what is wisest and best to advance
! the interests of the Federal Trust
| Company that it may quickly take its
place as one of the leading banks of
| New England. And be it further
Resolved, that a copy of these reso-
lutions. appropriately engrossed. be
! presented to Mr.. Noone as evidence
| of our appreciation and of our high
regard.
Committee on Resolutions
| LEON o. TEBBETTS, chairman,
| EDWIN NJ. FOSTER,
DIR. n. BISSON.
The final speaker was introduced by
DR.. Libby as the likable and lovable
Albert w. Noone.
| Mr.. Noone spoke of Waterville as a
fine city and of the good banks of
! the city. He said that if he had ar
rived in time the Oakland would not
| have gone down while he had money in
| his pocket, for he believed it was q bad
thing for the community to have a
| bank become insolvent. In closing, he
| said the banks had got to bang to-
| Sethcr to come out right.
The committee of arrangements for
| tHe btiiiiuet d. FTCuCTlCk Hill.
Q. ]. Giguere. Isaac, Hilton and Fred
w. Rollins.
! On Saturday. January %. will &C.
cur the opening of Waterville's new
banking institution, the Federal
Trust Company. making the third
! commercial bank in the city. The
, new bank Is located on Main street
nnnnStfn TIM hno1 0f
opening UP in an area hitherto UNI
accommodated by barking facilities.
1t is the belief of banking experts
that the location is unsurpassed in
its relation to the business section
! of the city. ..'.i
| The Federal Trust Company Is es-
sentially local institution, it's Off
! GERS and stockholders being, wit few
exceptions. local men. At the head
! Is Hon. Leon o. Tebbetts, present
mayor of Waterville. as president:
! the vice presidents are Edwin N.
Foster and O. J. Giguere. both bust
ness men of this city, and A. w.
Noone of Peterborough, NH. The
treasurer is William A. Krauff with
William =. Toulouse as assistant
treasurer. Both these men are well
known in banking circles in Water
strong staff of officers for the new
bank. Two clerks will be employed
at the opening of the bank, Miss
! Marguerite Percival and Miss Emily
s. Diggs. both of Waterville The
institution is amply provided for
caring for the wants of the COM
munity, having a capital of S15U,0U0
and surplus of $37 800. The bank
Is furnished with all the latest bank
ing equipment and five departments
of business will be conducted as fol-
lows: Commercial, savings, foreign
exchange. safety deposit and securi-
ties. and also a Christmas club.
The building itself is very attrac-
tive and fine addition to the bust
ness houses of Main street. The
front is of red tapestry brick with
white cast stone trimmings. An
over the entrance and the style of
architecture leans toward the Colo
NAL. At either side of the entrance
Is placed a handsome electric. light
of Colonial pattern. q
The outer door opens into a veSti-
bule from which one steps into the
main lobby of the building. At the
right are the officers quarters con-
sisting Of an open space rallied off
and a private office for consultation
leading from 1t. At the left is a
small room for the convenience of
customers. In the lobby are two
long customers desks with q seat
between affcrding ample space for
the use of patrons. Opposite these
desks is the long counter with five
large plate glass windows furnished
with bronze grills. The counter, as
hn Gnich IF tho ho nh Ia
in gum wood. finished in the natural
color. bringing out the full beauty
OF the grain of the wood in the large
panels. The walls are of a deep.
warm. cream color in delightful con-
trast to the wood finish. floor Is OF
dull green thing. The building is
provided with natural light during
the day from windows in tho front
and large skylight. Artificial light
is furnished by several chandeliers
suspended from the high by brass
chains.
The vault is conveniently located
and Is provided with 200 safe deposit
boxes having the latest and most i'm
proved pick proof locks and a large
chest to take care of securities and
monies. 1t Is the most completely
equipped vault anywhere in this Sec
ton of the country. The door Of It
self is a mammoth affair weighing
twelve tons. Directly in the rear of
the vault are three booths for the
use Of the safety deposit box hold
ers. These ire fitted with glass
shelves and are well lighted with
windows in the rear of the building.
The directors room is located on
the second floor in the rear. It is
attractively finished and furnished
and exceedingly pleasant being
lighted by three large windows with
an eastern outlook. A easement win
dow overlooks the entire lobby be-
low. On the same floor, are located
also the mems coat room and toilet.
In the basement Immediately under
the safety vault Is a large storage
vault Of fireproof structure TO he
used for the storage of silver, trunks
and other articles of like nature.
Back Of the vault is a dressing and