The Washington times., 1928-07-02
SECURITY BANKS
ADDING To
PLANT
By RICHARD HATTON


the Security Savings and Com
nercial Banks main office at the
corner Of Ninth and G Streets
n. W., which have been under
way for several months, have been
Z completed and today the bank is
4 having something in the nature
Of an informal opening Of its new
quarters. The present very con.
z siderable extension of office space
8 Il the fifth since the organiza'
& ton OF the bank in 1913 made
: necessary by constantly increasing
8 business.
The present extension carries
& the main banking room back 105
feet on G Street, with a frontage
s. OF so feet on Ninth Street. There
are now two entrances, one on
g Street and one on Ninth Street.
The main banking room has been
e entirely refitted with latest model
cageless counters and entirely new
office furniture for patrons and
officers. There is. also, ladies'
room fitted with every convenience.
8 The safe deposit vault is new
and connmodiotfs.
Quarters for Officers
Quarters for the bank officers
have been provided in the newer
: section of the building on the G
street side and the former main
banking room will now be given
over exclusively to the savings
partment This department is also
fitted with cageless counters with
ornamental bronze raiIings and is
large and light with more than
ordinary lobby space. The walls
throughout are finished in light
cream with pilasters carrying orna-
mental capitals and art bronze light
Ing fixtures. The banking room fa.;
light on three sides and the white
marble counter bases and partitions
give a pleasantly spacious effect
The whole atmosphere Of the new
banking room is expressive of
friendly cordiality and service. There
Is q warmth Of tone to the decora.
tions which ID In tune with the
spirit OF the institution.
Officers of the Security Savings
and Commercial Bank are julius =.
s Peyser, president; Fred Mckee and
& Francis G. Addison, vice presidents,
Samuel r. Baulsir, cashier: z. Hun
ION Leith. j. Louis Shipley, Latrobe
Owen and Charles X. West, assist.
branch manager. Directors, Francis
G. Addison, jr.. Edward G. Baltz
q Dion s. Birney, Francis A. Blum.
don, Diller #. Croft. Benjamin III.
= Gruyer, Franklin w. Harper, John
B Harrell, }. Thilman Hendrick,
& Sol Herzog, William Al. Hill, George
II. Judd, Harold III. Levi, Fred Me-
hee, Ralph Mckee, Laurence Mills,
4 Charles w. Morris, Col. Julius ].
Peyser, Morris Simon. William w.
Spalding, Judge Milton Strasburger,
Sidney W. Straus and William Z.
Sullivan.
m Rusiness Increases
Az Substantial increases in business
for 1928 as compared with the pre-
ceding year are reported for the
Acacia Mutual Life Association by
William Montgomery, president.
8 According to figures made avail
able by Mr.. Montgomery, premiums
collected for the period January to
Il May, 1928, tota1ed 1886 ,192.42, in
comparison with $2,938, ,808.36 for the
corresponding period OF 1927. This
represents an increase OF Is per
cent.
Business in force June /. this
year, aggregated $279. sol sol, which.
is sharp gain over the $241 ,562 200
sof business in force on that date a
year ago. New business for the first
five months OF the current year, it
Is shown, amounted to $27, 500, 900.
1t is interesting to note that Of
the $1.991 1925 in mortgage loans
made TO date during 1928, $933, 900
of them were made in Washington,
D. c.. and vicinity. These latter
figures aid in showing the definite
econonaic Importance of the Acacia
Mutual Life Association TO the Ma
tionaI Capital, It's business and its
! population as whole.
Weekend at Bluemont
President Peter A.. Drury of the
Merchants Bank & Trust Company
spent the weekend at his country
estate at Bluemont
The regular semi.annual dividend
of $3.50 per share has been de-
Gciared by the directors Of the De-
partmental Securities Corporation,
payable July i, 1928.
The board of directors of The
John II. wilkins Company at the
semLannual meeting declared the
usual semi-annual dividend of
per cent on the outstanding pre-
ferred stock and a dividend of
I.50 per share on the outstand-
ing no-par common stock. These
dividends are payable July 10, TO
shareholders of record June 30