The Washington times., 1925-03-11
BANK 5 HISTORY
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MT IONS
National Bank of Washington
Has Grown as coun-
try Grew
BY RICHARD HATTON

&
10 Ultimately associated with the
mast and such . vital factor in the
present of the Capital City OF the
limited States is the National Bank
of washington that, the lives Of the
nations chief city and OF tnis
poweffiII financial institution seem
to have been fused In the cfuctDie
Of financial history.
Tor the old Washingto 70
enter this bank is like unto going
nome. For the newer resident to
step within its portals is to find
: friendly financial harbor and g
kindly consideration and personal
interest which at once insures con.
adence. Tradition, sentiment and
service combine to make the Ma.
tfonal Bank Of Washington, the
Oldest bank in the National Capt.
tai, one of its most prominent az
well as one OF its most historic
institutions.
Louisiana avenue and Seventh
streets northwest, stands q hand.
sorne white stone building whose
massive facade suggests the
gfreneth and character Of the or
ranizafion within the sheltered
doors. This Is the National Bank
Of washington, founded one huns
dred and sixteen years ago.. IN the
infancy of the nation with which
Il has grown to sturdy maturity
EstabIisIled In 1909
The National Bank of Washing
ton was established on September 4.
1893. and had its origin In co-partf
nersl1ip articles Of association a
IN 1911. In comparison with the
OF Interest to note that on March
1911. there was reported in the
hands OF the cashier the following
amounts IN gold: Spanish. S5,eO0;
British and Portuguese, S45 900. ma
American, IS $3.50 The resources
Of the bank as reported at the
close Of business on December 81
Iast. or 113 years later, were
9I1.s4I, 4I7.TS, q growth that has
been as steady as has been that OF
the United States.
IN fact, the development of this
institution has gone hand IN haHu
with the development Of the nation
ara IT has stood for years as a
fncial beacon. light through tlle
YnIsfs OF national adversely rs well
- guiding factor In times ~
n perity. To list the early Off
c and directors of the National
k Of Washington is to name the
1oee most citizens of the Capital IN
thoeb stirring times.
Mourned When Capital Fell
When the British marched into
Washington on August II, 1914, the
effects Of the bank were removed TO
Brodksyflle, Nd. where they re-
manned until September 3 sof the
same year. The National Bank Of
Washington. with other institutions.
subscribed literally to the Govern
ulent's loan for aeconstructing the
public buildings laid waste by the
British soldiers, and in this action
It was one of the chief influences in
retaining the National Capitol in
Washington.
In January. 1929. the bank
moved from Capitol Hill to quarters
in the old National Hotel on Penn
sylvania avenue. near Sixth street.
In September. 1881, 1t purchased its
present location at G street and
Louisiana avenue.
A perusal OF the minutes Of the
directors meetings Of this bank
gives a vivid flash OF the high
lights in American history and isldi-'
Gates how closely connected the
institution has ever been .xith tile
great moments in the nations life.
In 1886 the bank was organized
under the national banking act and
Il was merged with the Central
National Bank in 1907.
The vaults and safes Of the bank
are supplied with the most modern
time-lock doors and are absolutely
fire, water and burglar proof. Many
valuable relics and records of early
days are preserved in these vaults.
Chairman Of the Board
Clarence r. Norment, who was
president of the National Bank OF
Washington for thirty years. is now
chairman OF the board. Mr.. Nor
ment and his family for generations
have been so intimately connected
with the history and progress OF
the National Capital that the name
is synonymous with patriotic and
civic endeavor of the highest type.
The high ideals Of service, SO inter.
woven with the spirit Of tl.is insti.
tuition, find their expression in the
life and work of the chairman Of
the board.
Another official who in his bust
ness life has demonstrated the best
traditions OF the country il Presi-
dent George L. Starkey, who began
his banking career az a runner
at the age of eighteen and who has
advanced steadily to his present
high post.
Speaking of the future OF Wash.
ington today, both Mr.. Norment and
Mr.. Starkey expressed the greatest
faith in the continued development
OF the city and saw it the center
of art, finance and world affairs
The efforts Of President Coolidge
towards tax reduction were also
highly commended.
The other officers and directors
Of the National Bank of Washing
ton are:
George p. Sacks, James TrimbIe
Daniel j. Callahan, vice pres >dents
j. Frank White, cashier. Edmund
II. Graham, John Alden, William T.
Howard. Rutherford j. D0OIey, as
sistant cashiers; e. C.. Brandenburg
trust officer; Charles Linkins, assis
tant trust officer; Everett II. Pare
ley. auditor; r. p. Andrews, J. NJ
Beavers, f. c. Brandenburg, Henry
N. Brawner, jr., Wrisley Brown
D. ]. Callahan, J. Edmund Cam
mack, Max Fischer, Maurice F
Flynn, G. w. Forsberg, George B
Goetz, e. Charlton Graves. J. r
Hendrick. Frank r. Jelleff, Michae
A. Keane, Mark Lansburgh, Charles
Linkins, Doctor Charles ". Luce
Morris e. NARROW, Arthur J. May
Tnkn n MAgnhoFO w T1or.,,,e.