The Republican., 1963-12-19
Bank Cornerstone
Continued from Page one)

house at the corner of Second and
Alder;
An artists sketch of the new
building in which the cornerstone
was laid
Coins and currency minted and
printed during the current year,
1868;
A copy Of The Republican for
December y, 1868, which carried
an outline of the cornerstone lay
ing;
A list of the directors, officers
and employees of the bank as Of
December IA, 1868;
A list of public officials as of
that date, including United States,
Maryland, Garrett county and Oak
land;
A copy of the current telephone
directory for the area;
A copy of the Deep Creek Lake
Garrett County Promotion Coun-
ellis Vacation Guide for the cur
rent year, and copy of the most
recent Fair premium book, both
of which list leading business
houses of the county;
Ground level and aerial photo
graphs of typical scenes of the
present in the county, taken from
the Garrett County Economic In
ventory;
The name of the Charles Spokane
Bank Building and Equipment
company. the firm erecting the
structure.
First Cornerstone Laid, 1902
Saturdays ceremony was held
just 81 years and 27 days after
the cornerstone of the present
building was laid on November H.,
1902 The bank was organized in
1900, and until completion of its
present quarters occupied rooms
on the opposite side of Alder
street.
Senator BeaIl's Remarks
The text of Senator Bealrs ad-
dress follows:
'Mr Chairman, Officials of the
First National Bank, Oakland and
Garrett County friends of long
standing.
1T is indeed a pleasure to take
part in these ceremonies. l am
honored to be invited to perform
the function of laying the corner
stone for this new and beautiful
home of the First National Bank
"Inasmuch as the Senate is quite
busy-With much committee work
and with the Senate sessions run
ming into the evening hours al
most every day was not sure
that l would have the pleasure of
being with you.
The fact that Congress has not
passed a lot of bills requested by
the Administration does not mean
any lack of activity The work on
the bills which are turned down is
as heavy as the work on bills
which paSs-Sometimes heavier BY
some distorted logic, some people
consider a Congress good if it
passes lot of new laws. AS a mat
ter of fact, the measure of a Con-
gress could very well be the meas
ure of bad bills it refuses to pass
THE laying of a cornerstone of
a new edifice is an important oc-
casion. 1t gives warmth and mean
ing to that which otherwise would
be only cold brick and marble The
laying of a cornerstone is mile
stone, never forgotten, in the life
of the institution which sponsors
the new edifice-in this case, your
very worthy First National Bank.
MY first permanent job was in
a bank-and banks have always
been very close to my heart.
Banking institutions are in a
unique position in our economy.
Bankers have earned a place of
respect and honor in the business
world. In the community the bank
er is the counselor, the adviser,
and, in way, the silent partner
of virtually everyone.
This high place in society has
been won through years of faith
full service by bankers throughout
the world. AS in the case of preach
ers and teachers, bankers perform
many services for which there is
no monetary recompense.
Banking itself, as we know it in
this country, is a symbol of our
private enterprise system, estab-
lished through the wisdom of our
Founding Fathers and with Divine
guidance 1t is the only economic
system for a free people.
"In Washington-and, for that
matter, throughout our country
we must be alert to threats to our
free enterprise system Repeatedly,
there appears on the horizon a