Evening star. [volume] (Washington, D.C.) 1854-1972, 1925-12-20
SAFE DEPOSIT BUSINESS GROWS
STEADILY In IMPORTANCE HERE
lime Locks Sometimes Cause Odd Situations.
Greatest Care Used-Local Banks Have ENJOYED
Prosperous Year-No Failures Recorded.

thing of value on the floor or IN the
desk, but the custodian discovered q
! light in booth IA. although he had not
seen any one there. Investigation dis
closed Il small Wad of soft paper OF
the floor which he picked up and
finding something hard in it opened
and found "a fine diamond.
This was delivered to the desk OF
the secretary of the company, &C
cording to orders, and details Of the
box openings of the morning
furnished.
The client in booth 10 seemed most
likely to be the owner, but how did
the diamond get into IA?
She was communicated with and re.
quested to call that afternoon, but
nut it off on account of previous en-.
@agenentS. \ few days later she made
an investigation of the contents of the
safety deposit box. and Immediately
called on the secretary to return her
diamond" After u little investigation
that official was convinced that she
was the owner. but asked for an ex-
PLANTATION of the changes in booths.
The answer was surely a woman's
reason. As she was entering 10 she
noticed that IA was a larger and
nicer booth, and therefore moved over
there"
Bulky Parcels in Vaults.
In the. main safety vaults of the
trust companies and of some of the
larger banks as well many bulky
packages. barrels and even larger
boxes are stored. their contents vary
ing almost as much as merchandise
does. Washington, because of the mi
gratory habits OF its residents or a
y.t nf htsn q
mer months. stores immense quaint
ties of silyerware and fine goods OF
various kinds.
Everything placed in storage i'll the
vaults is safe from burglars and fire,
and the expense of insurance is saved.
Several Of the trust companies have
large ireproof warehouses in addition
to their vaults.
Care of Securities.
Banks ana trust companies also aid
their customers by caring for Securi-
ties through the medium OF a special
department for this purpose. Here,
too, the greatest care is needed in the
selection of custodian or custodians
who are heavily bonded.
No charge is made for keeping Sc
curities for short period of time.
after which 4 moderate charge ac-
crues each month. Otherwise banks
would be competing. free of charge,
with their own safe deposit business.
4 negotiable receipt Is given
for securities deposited with bank OF
trust company, which must be re-
turned on the surrender of the secu-
rity named therein. Banks also take
receipts for all collateral returned tc
owners.
Holders of safe deposit boxes fire.
quently leave securities with their
bank in order that they may be read
lily obtained by an official OF the
bank, in the event of their sale be
ing desired during the absence of the
owner Many investors leave then
holdings with their brokers during
their absence from the city to have
interest collected and dividend checks
RENTED or to deliver in the event o!
IL sale.
1t is but natural that bank officials
even when presented with signed
sealed and otherwise attested orders
from box renters. hesitate in any way
To interfere with the box of a Gus
TONER. When it is unavoidable and
action is necessary in urgent cases
they may. on order from renter. with