The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1925-02-24
BEING
MANAGED BY
BANK
National Savings and. Trust
Company Busy in Capacity
of Executor and Trustee
BY RICHARD HATTON.

A monument to the early banking
traditions of the National Capital
and distinctive of all that is best
in the great modern financial ex-
pansion in Washington, the Ma
tional Savings and Trust Company
stands today as one of the strong
est, as well as one of the oldest.
financial institutions in the Dis
'trict of Columbia. The Company
has nearly sixty years of construc-
tive banking service to it's credit,
being the outgrowth of the National
Safe Deposit Company of Washing
ton and the National Savings Bank
of the District of Columbia. which
were merged in 1891. The National
Safe Deposit Company was in
corporated by special Act of Con-
gress in 1857 and the National Saw.
iFgs Bank was incorporated by q
special Act of Congress In 1870.
Impressive Officers.
There is something distinctly i'm
pressive and inspiring in the main
banking offices of the National Saw
ings and Trust Company ut the
corner of Fifteenth street and New
York avenue. ME massive marble
fittings and tho huge decorative
dome which centers the main. lOhby,
surrounded by the offices and bust
ness windows, creating an atmos-
phere of strength and quiet con-
fidence. This feeling of confidence
is heightened by survey CT the
safe deposit department with its
modern equipment, it's facilities for
fvsox 81 he
all-pervading air Of security and
out the entire institution.
At the time OF the organization Of
the Trust Company Banjamrn p.
Snyder was elected president and
served in this capacity until the
time of his death in 1897. He was
succeeded by Thomas r. Jones who
continued at the head of the Irstitu-
ton until his resignation in 1909.
The present president Of the Ma
tional Savings and Trust Company
Is William ID. Hoover and the other
officers are: Woodbury. Blair, first
vice president: Frank w. Stone.
second vice president; Frank Stetscr,
trust officer; Charles c. Lamborn,
treasurer; E. Percival Wilson, secre-
tsary; Frank r. Ullmer, assistant
treasurer; Bruce Baird, assistant
trust officer and David Bornet. as
sistant trust officer. Among the list
of directors are some OF the best
known and most substantial citizens
OF the District of Columbia. 1t is
worthy of note and indicative of the
friendly. helpful spirit of the institu
ton, that, from President Hoover
down, the officials of the company
maintain a friendly and personal in
terest in the banks customers which
has through the years, created a
decidedly human atmosphere about
the institution which is Immediately
felt by those entering it's doors.
Women Customers.
The broad scope of the charter OF
the National Savings and Trust Com
pany enables 1t to combine the SER
vices ordinarily performed by bank
and those of a trusted friend and
adviser. The company is empowered
to act as executor or trustee under
wills and to perform all other bank
ing services of fiduciary nature
and all of its departments are Iii
rected by men exceptionally qualified
by many years of special training
for the duties which they perform.
This is realized by the customers Of
the institution who find ever-helpful
guidance in the kindly interest Of
the banks officials.
Especial care is given women Gus
toners by the National Savings and
Trust Company. Separate teller's
windows and an ellegantly-appointed
reception room being provided FOR
their convenience. Especial courtesy
and assistance. is extended to those
who are unfamiliar with banking pro-
ceedure.
A striking illustration of public
confidence in this financial institu-
ton is seen in it's more than $4,000
open accounts and the great number
of estates it is now managing.
Under the charter of the company
it has authority to transact gen.
eral real estate business, and 1t is
adequately equipped to collect rents.
pay insurance and taxes. improve
and sell property and carry on all
the functions OF a trustee under
wills and deeds Of trust
The resources of the National
Savings and Trust Company are
such as to insure absolute security
for all funds placed in the banking
department and to this and the
public confidence which is the key
note of the institutions success Is
attributable it's present high posi-
ton In the estimation of the bank
ing public Of Washington.
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