The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1925-03-10
BANK PROUD OF
$1,000 SAVINGS
ACG0UNT IS
Julius |. Peyser, President of
Security Savings and
Commercial
By RICHARD HATTON.

washington lagest savings
bank" Is the distinction Of the Sc
curity Savings and Commercial
Bank, according to the officers of
the institution who point with
enthusiasm to the record or the
bank since its foundation in 1913
by Julius /. Peyser, its first presi-
dent and present directing head.
Located In the very center OF the
downtown commercial district from
which radiate thriving and growing
business streets with the old Patent
office as the hub and with E and
e streets, Ninth and Seventh streets
stretching away as spokes of the
great commercial wheel, the Sc
cnrfty Savings and Commercial Bank
stands at the pivotal point OF secN
tion Of the city which throbsr with
business activity.
Upon organization OF the bank in
1919 1t began business just g few
doors above its present location at
sfhe corner of Ninth and G streets
northwest. Very soon, however It
ontgrew the original quarters and
As business continued to expand
and the bank took over the Seventh
and D street branch Of the United
states Trust Company 1t became
necessary to enlarge the OFFICES OF
the institution. It was then that
Athe building at the corner OF q ana
Ninth streets was remodeled into
banking offices Three times SINCE
This first expansion the bank has
heen compelled to enlarge its IA
nflifies and today it occupies a
model set of banking offices, light,
airy. with commodious lobby, ac-
cessibie business windows for all
departments and q convenient safe
deposit section.
1000 Savings Accounts
with the single exception Of o.
trust department. the Security Saw
inxs and Commercial Bank carries
on q general banking business Law
ing an exceptionally large number
OF commercial accounts. There are
at present carried by the bank
about IS 900 checking accounts and
last year the largest number CT
Christmas Savings accounts in the
city and paid out some 1880 900
on these accounts.
In agreement with many other
bankers and business men the Off
GERS Of the Security Savings and
Commercial Bank see rapidly in
creasfng development for the sec
ton OF the city In which the bank
- located Speaking Of this today
Vice President Francis @. Addison,
9 A. said The present tendency Of
growth Of the city makes this he
main shopping district for nthe
northeast, the southeast and the
southwest. Seventh street is re-
developing into q great commercial
fhoroughfare. Ninth street Is prac-
ffcaT1y an aIl-bnsiness street and g
street Is growing fast commercially.
The motion picture houses in this
section have added considerably to
the present business expansion. The
development of G street is especially
marked and there is every evidence
that Il will continue to grow rs a
commercial thoroughfare." Mr..
Addison Is especially impressed with
the possibilities of the section 6f
the city of which he spoke and is
. firm believer in its importance
and its future as business center.
In considering the rapid growth
OF the Security Savings and Conn
n1ercial Bank, its success and its
present high standing among the
financial institutions OF the city
personality of its founder and pres
ent president. Julius l. Peyser.
To his initiative and his efficient
business direction is ascfibed much
of the success OF the institution.
Officers Of Bank
The other officers Of the bank,
besides President Peyser, are: Fred
Mckee. vice president. Francis G..
Addison, jr., vice president; Samuel
r.. Baulsir, cashier; Latrobe Owen,
Assistant cashier, and j. Louis
Ghipley, assistant cashier. The d.
rectors of the Security Savings
and Commercial Bank are: Francis
G. Addison, jr.: Edward C. BaltZ.
Df1Ier F. Croft. John B. Harrell,
J. Thilman Hendrick, George II.
Judd. Harold III. Levi. Fred Nc
Kee, Townley A. Mckee. Laurence
Mills. Captain Julius I. Peyser,