The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1925-02-25

To. Extend Present Building
and Offices, and Will Add
a New Vault
BY RICHARD HATTON.

he ulSIOTy u CAC A1ltOOlh va
tional Bank, located at the corner
of 7th and d streets northwest,
with athriving branch office at the
corner of 18th and H streets north
west, for the convenience of it's
many northwest patrons, is one of
exceptional growth and expansion
under conservative and well-di-
rected management. The policy Of
the institution since it's organiza-
ton has been one of faithful per-
Torrance and helpful consideration
of its depositors and it's increasing
number of customers is evidence Of
the high quality of the service
rendered.
Established in 1890.
The Lincoln National Bank was
established. in 1890 and it's first
offices were opened at the present
location of the institution. Increas.
ing business, almost Immediately,
demanded an expansion of it's
banking quarters and the original
banking rooms were remodeled and
of new business and the demand
for greater space in which to care
for the many functions OF the bank
have again demanded an expan-
sion and the bank plans to increase
its facilities and it's banking space
by the construction in the near
furture Of a large addition to its
building.
The building will be extended
along the D street side and the
offices and bookkeeping department
will be located above the main
floor. During the contemplated re-
modelling of the building a new
money vault of the latest security
type will be installed and the safety
deposit vaults and Accommodations
will be greatly enlarged. A new
entrance to the building will lie
provided on the D street side ana
handsome and artistic new fittings
will be added to the equipment Of
the main banking rooms.
The Lincoln National Bank has
a permit to do a trust business
and this department will be added
to its service after the contem-
plated enlargement OF it's quarters
is completed.
Deposits Over $4,000, 900.
Comparative figures of the banks
capital, surplus and deposits in
1914 and today are an indication
Of the rapid and CONSTANT de-
well as a criterion by which the
general business condition of the
city may be measured. In 1914
the capital and surplus of the
Lincoln National Bank were $4S7 :
440. Today they are 1857 ,SS4,
while the deposits which were
81 $780, 1892 in 1914 have reached
today to $6,047, $50. In like ex-
ceptional manner the resources Of
the bank have expanded from ST.
479 ,035 in 1914 to a total of con-
siderably over 100000 todav.
Officials of the Lincoln National
Bank point to these figures as a
sure indication OF the confidence
reposed in the institution by the
banking public as well as an ac-
curate reflection of the present
excellent business conditions in the
District of Columbia.
The Lincoln National Bank, by
its location on 7th street is upon
one Of the main business thorough
fares of the city. This artery hav-
ing always been considered one OF
| the main business streets of the
city and, in recent times it has
felt a new urge to development
along business lines with a general
expansion of commercial building.
In response to this general increase
in business activity the Lincoln
National is prepared to keep step
with the progress of the section in
which it is located. Albert S.
Galley, vice-president and cashier
of the Lincoln National Bank, said
today that from q business stand
point Washington is one Of the
healthiest cities in the country.
feel that this is based upon the
character of the population which
| is far above the average and OH
the growing importance. Of this
city as a world center" He eX'
pressed the belief that Washington
would continue it's present develop
ment indefinitely and that business
here would continue to expand.
| The Lincoln National Bank has
opened over $4,000 savings accounts
which is one of the largest in thiS
department in the city.
| President Floyd E. Davis has
been at the head of the Lincolr
National Bank for over ten years
/ and the other officers of the in
stitution are: S. Dana Lincoln
LS4ce.president; Albert S. Galley
yice.president and cashier and Johr
w. Brawner, vice-president. w
Mckee Stowell, assistant cashier
is in charge of the branch office
at 18th and II streets northwest.