The Seattle Star Newspaper, December 31, 1919, Page 24

THE SEATTLE eben bilirn tenner DEC. 81, 1919. ec graphical Position ‘ Seattle Gives Advantage Of the many elements operating | gate way ix at make Seattle a world port ts, first,/a casual exer geographical location, This is/ the world, ¢ dered by enthusiasts ax ideal;|ia situa on the N Others, less enthusiastic, as of| coast, in the sinin itegio importance. | of a timber ig situated on the North Pacific What Actually Constitutes SAFETY : In Savings Institutions As we have often stated in these advertisements—there are three things which consti- tute SAFETY in Savings Institutions—namely: First, and most important of all: The CHARACTER of the SECURITIES in which your funds are invested. Secondly: The character of the 7'rustecs of the institution to which you entrust your savings. Thirdly: The capital (in capitalized savings banks) or the Guaranty Fund (in Mutual Savings Banks). The first and second are absolutely necessary to SAFETY. The third is really of minor importance—because, unless your money is invested in high-grade securities, and unless the men who manage the savings institution to which you entrust your savings are of the highest character—the “capital” or Guaranty Fund of the Bank may be “wiped out” over night. ven rich empire. ropean steamship organisations It is also a portal that leada by | which before the war had definite cheap and short routes to the enor | arranged for permanent lines to and © Orient. Thruj from Beattle, now expect to con uote of |summate thelr plans tr Duteh |ture, Sixty-five regular steamship cheap: |lines at present radiate from Geattle, ed to rnil , about half-way between Non YOR the extreme north and the Pana. | pet ®anal to the south, and fur-| or the most direct route between | It i Pacific coast of North America| mous the Orient it is also, by means of its transcon. tal railroads, closer to New|! any other importar t. Ite prox | n and south: rn coasts a has made! ulation & xp! the distributing center for that im. | tential wealth, a cont territory, which has added | prosperous settieme ily to the importance of Seattle | from Pur a shipping center. sippt riv Tn addition, it has large coastwise | tably becom de and the permanent opening of ies of the world. Panama canal has added «till! Seattle ts a gateway to the heart | ¢ fe to the importance of Seattle in| of a continent—the easy and cheap | « class of trade. | The unusuai advantage Suita iene, fruits and fish, and the) t myriad manufactured products of a’ nanc 1 quickly reach a hue » American consumers, Thru tt] ner singly pase outward | “—machinery, tools, cotton, canned | and other out pured on the Likewine, the Total rminal port for | romance cared Mildest Climate. eget arto in Same Latitude » productivity of the Pacific ‘ nd the certainty of| The climate is the mildest of any place situated so far north, snow or g return ca an eattle will ipevi-|s being a port of call) freezing weather being only occa f the greatest cit-| or of destination on every voyage, | sonal and light, permitting outdoor The fareeeing owners and manag: | Y fe of the vast hinter © rich plains and valleys of Towboat dom your word very Great Bu: far without breaking it ons voucheafed by the Mutual Savings Bank Law of Washing- Securities dak Fur cokers ~ . THE LAW DOES NOT PERMIT ANY Every dollar entrusted to this Strictly Savings pi Ae 70 BECOME A TRUSTEE: Bank is secured—and not one dollar is ever 1. Who has been adjudged a bankrupt. loaned or invested without security. We accept 2, Who has taken the benefit of any insolvency law. é 3. Who has made a general assignment for the benefit of creditors, 4. Who has suffered @ judgment agninet him for a sum no checking accounts and make no personal un- secured loans under any circumstances. We own for your investment and protection, more than of money to remain unsatisfied for more than three TWO MILLION DOLLARS worth of U. S. Gov- months. ernment and other high grade Bonds and War- 5. Who ts trustee, officer, clerk or other employe of any rants; and all the rest of the money entrusted other tauttal eévings bank, f k i wet d * fir 6. Who is not a resident of this State. to this Bank is invested in first mortgages on THE LAW FORBIDS ANY TRUSTER: improved farms and homes and down-town busi- 1. From using, directly or indirectly, any funds of the ness blocks. , | © bank a ‘ 2. From becoming an endorser, surety, or otherwise an Mutual Savings Banks hold nearly 80% of all obligor for any loan by the bank the savings deposits in strictly savings banks in From borrowing any funds of the bank From becoming the owner of real estate upon which the United States, and yet you never hear of a the bak tae s inetetiak failure of a Mutual Savings Bank. This is due From recelving, directly or indirectly, any pay or to the character of their securities. emolument from attendance at meetings of the board. ye t 6. From becoming ® member of the board of directors HIGH CHARACTER OF TRUSTEES of another financial institution of which enough iS 4 ys other trustees of this bank are members to consti- INSURED BY LAW: tute, with him, a majority of that board. We know of no other class of financial {netitutions tn Note; Our Officers, as well as Trustees, are prohibited tho, state operating under a law which insures the char by law from borrowing any of the funds of the bank under acter and financial standing of its Trustees in the manner any circumstances, Do not entrust your Savings to fly-by-night concerns which promise you MORE THAN YOUR » MONEY IS WORTH. There are a number of good safe banks in Seattle, and there are two or three good savings and loan associations. Remember this: The harder you work your money, the greater the danger of losing it. Place your savings where you will get a good rate of Dividend, and more impor- tant still, where your principal is safe. BEGIN A SAVINGS ACCOUNT HERE ON OR BEFORE JANUARY 10 AND SHARE IN THE EARNINGS OF THIS TRUSTEE SAVINGS BANK FROM JANUARY 1, 1920 Washington Mutual Savings Bank 810 Second Avenue “The Bank” ‘TRUSTEES A phrase used familiarly by many people to denote that institution ag sag iio Fe pe Assets BO Yours fee wrester WitianMeasem BOB ek youn $11,700,000 at wie their financial requirements are served. When dastomers of The Seattle National use the words “The Bank,” the phrase takes on added significance. It meatis the financial institution at which patrons may enjoy a banking service unique in the city. A service which is so complete and comprehensive that it can meet the most exacting requirements towhich it may be subjected; a bank which co-operates with its cus- tomers and assists them in any service. Commercial Position Assured Tt may be a specific banking transaction or that broader and more friendly service of co-operation which a strongly organized and highly specialized bank is capable of offering. T]HE firm establishment of peace finds Seat- sia) tle business on a sound basis. The fear - at our prosperity was of a temporary, war- born variety, is entirely removed by the prog- : ress of events. ' When you want banking service, in any of its phases, think of this bank. Our departments include: Foreign, Bond, Trust, Collections, Credit, Commercial and Savings. LF] ROM and to the seven seas the ships of gga) peaceful commerce ply our harbor. This bank, which has aided Seattle commerce for over a third of a century, is better prepared than ever to help the business men of thiscom- munity in this day of greater opportunity. THE SEATTLE NATIONAL BANK Resources over Thirty Million Dollars Second Avenue at Columbia OFFICERS: First National Bank of Seattle Daniel Kelleher, Chairman of Board. F. K. Struve, President. E. G. Ames, Vice-President. i J. W. Spangler, Vice-President, H, C. MacDonald, Cashier, D. H. MOSS, Vice Presid ~ setenanieat eae? i ; Be a papeny, View President, Cc. L. LaGrave, Assistant Cashier. MAURICE M MICKEN Vi Presid A. \ erick, view President P. B. Truax, Vice-I resident. J. H. Newberger, Assistant Cashier, % e ~ shag bids “ve SEAR Cashier Wm. S. Peachy, Vice-President. E. K. Reiley, Assistant Cashier, E. B. KLUCKHOHN, Acs’t Cashier HUGH ROWLEY, Ass’t Cashier W. H. BERRY, Ass’t Cashier First Avenue at James Street Established 1882