The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1925-07-09
INTERNATIONAL
BANK ISF|vE
YEARS old
Institution Has Made Re-
markable Progress Under
Direction Of j. r. Waller
By RICHARD HATTON.

=
By RICHARD HATTON.
Celebrating its fth anniversary
today, one Of the most successful
banking institutionssi in the National
Capital is receiving the congratuia-
tons Of its many friends in finan-.
cial circles here.
Just five years ago today q char.
Ater was issued to the international
Bank, which occupies handsome OK.
6ces at S07 Fifteenth street, In the
very heart of the financial districS
Of Washington, and, therefore, in
the heart OF the financial center
Of the world.
The remarkable progress OF this
institution under the able. direction
Of President John r. Waller and
his associates is a monument to the
vision and the ability Of those Who
conceived the idea Of establishing
In Washington an up-to-the-msuute.
progressive banking and financial
service OF the most modern type,
owned nationally by the American
people.
The foundation and the location
In Washington Of the International
Bank came after a group of sue:
cessfu. American bankers, headed
by John r. and A. G. Waller, who
already had won distinction in the
banking field through their success
full direction of the Federal Bank
and Trust Company, had made an
exhaustive study of banking cond;-
tons as well as future prospects in
the larger cities. OF the United
States. with the determination to
locate the Institution where condi-
lions were found to be the most
favorable.
According to President Waller,
Ehe advantages OF washington as
an International investment. and
financial center az well as the diplo-
matte, political, and economic. head
quarters OF the nation appealed 10
those who surveyed the field win
such overwhelming force that the
decision to locate the new banking
institution here was unanimous.
Believing that Washington Slls uld
have dominant place In the com.
mercial affairs Of the nation. the
officers Of the international Bank
have focused the attention of thou
sands Of shareholders and associate
banks in every part Of the country
on the possibilities Of a Greater
Washington and the bank has.
brought millions of dollars here for
investment while placing the IA
ctlities Of highly developed, nation
wide banking institution at the
service OF the people Of Wash.
ington.
The International Bank has an
authorized capital Of $4,000, 600 and
Il on a sound dividendspaying basis
recent payments being at the an
nual rate 19of. 10 per cent. 1t is
chartered to engage in q com.
mercial banking business and to
own and control banks. in several
States. Incidentally, every one of
the higher Officers Of the institu-
ton has a e0mmendab1e record of
service during the war.
The officers are: John r. Waller,
president: William L. Symons, vice.
president; Austin C. Waller, vice
president: James r. Guthrie, vice
president; j. A. N. Adair. vice spres-
ident Thomas b. LAWYER, secretary
and treasurer.
The directors are men who have
won Distinction in the conduct OF
financial and business Institutions
throughout the Country and 80, per
cent OF the resources Of the bank
term securities. The quality Of the
directorate and the substantial
character Of its resources combine
to make the institution exception
ally strong.
Paid from Start.
It IL a notable fact that the
International Bank has paid divi.,
dends from the start and that the
vision Of greater Washington
which inspired the initial efforts Of
the founders Of the bank is shared
by majority Of far-seeing financial
leaders Of the city.
President John r. Waller comes
from a long line of successful
financiers, his father and grand.
father having won success In the
banking field, and his enthusiasm
regarding the great possibilities for
development in the national capital,
a development which will, in a very
few years. make this flourishing
city Of a million people, IL logically
in line with the progressive policies
OF the institution which he directs.
The principal departments Of the
International Bank are: Commercial
banking, foreign exchange, personal
and corporate trusts, agencies,
exchange, insurance, financing in
dustries, and agent for foreign cor
porations. i.
Advantages Of Washington.
Speaking today of the advantages
which influenced the location Of the
International Bank in the CAPITAL.