The Washington times., 1925-03-12

Brainard H. Warner, prominent
IN real estate and financial circles
was elected first president and John
Joy Edison, ce-president and John
=. Larner, general counsel of the
new company.
thing in those days and was the
capitalization in its perfect form
under one management, of all that
experience has proved best in fl
nance, executor, and trustee work.
: Il was the logical development of
the great change in financial con-
: ditions and increase OF the national
wealth which made necessary a
place of deposit for capital not en-
gagged in trade and for funds Of
individuals and corporations who do
not require the usual accomoda-
tions of a bank, of discount A
trust company is a corporation
whose continuous existence, safe
and sound modern methods, capable
and experienced officers and strong
financial responsibility make it
best for 1t to act as executor and
in every fiduciary capRcity.
Capable nagkment.
The Washington Loan and Trust
Company is remarkable In having
Aenjoyed from the time of its foun
dalton the same conspicuously
capable management. John Joy
Edison succeeded Brainard III. War
ner to the presidency in 1884 and
held that office until he retired
in 1916 to become the chairman Of
the board OF directors and was
succeeded by John B. Larner, who
had been vice-president and general
counsel TO the time OF his election
90 president. Mr.. Arthur Peter
succeeded Mr.. Larner az general
counsel.
Under their MANAGEMENT the.
business OF the company developed
rapidly. Temporary quarters at
1908 F street were vacated in 1890
upon the completion Of the office
building on the corner of Ninth
and F streets, which has been
since that time a notable land
mark in this city of magnificent
buildings.
In 1912 the building was re-
modelled to make provision for the
expansion of its business and to
provide every facility that exper-
fence had proved OF value. It was
thought at that time that the en-
largement effected would suffice
for twenty-five years, but it has
already been. found that further
extension Of the building is neces-
Three adjoining properties on F
street were acquired in 1928 and
. plans for increased quarters cover
ing these properties are now being
prepared.
Branch Office Established.
The rapid development in the west
end of the city and the transfer
thereto of many large Government
departments led to urgent requests
being made from many sources for
the establishment of a branch office
in that section. In May, 1917, the
property at the southwest corner Of
Seventeenth and g streets was Sc
cured and temporary bank quarters
prepared in the old structure. AS
soon as labor conditions following
the war made it possible. the Did
buildings were remodeled, but it
soon became apparent that they
were Inadequate to properly handle
The continuous growth of business
In that section. In 1928 the Old
buildings were RACED and a beautiful
modern structure of pink sandstone
was erected and the new bank was
formally opened on the 10Th day of
March, 1924.
Charles H.. Doing as assistant
treasurer was put in charge OF the
west end branch when it was estab-
Ilshed and in 1923 was made a vice
president of the company as a rec
) ignition of his services and of the
need for a vice presidential officer
In charge of that important branch
Of the company's work. Fred
II. Berthrong was appointed assist
ant treasurer under him.
The Washington Loan and Trust
Company is governed by the theory
that its customers are entitled to
the best facilities and the best serv-
ice that is possible and the policy
the company has maintained is that
of courteous consideration of Its
customers needs and the fullest CO
operation in the development of
their interests. A slogan of the
company is expressive of that policy
and Is often seen in it's literature
1t reads: Conservative? Yes, and
therefore absolutely safe"
Encouraged Home Building
The company has aimed at all
times to assist in making the Capt.
tai of the nation city of homes
and it's policy of making loans on
real estate has been TO assist in all
= possible ways without causing undue
initiation of value or the overlooking
Of customers.
Recognizing the international
character of our population, The
company added to its facilities in
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