The Story of the Trust Companies, By Edward Ten Broeck Perine
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Since 191 1 the Company has been at the intersection of Market and O'Farrell Streets and Grant Avenue.
The par of shares of stock is $1000 each, and these are now quoted at $2350 per share.
The Cleveland Trust Company was organized in 1894 S'^d began its career in a small room on the ninth floor of the Garfield Building with a capital of $500,000 and a paid-in surplus of 1 1 00,000 and no deposits. In the face of all kinds of impediments it went to work and after the lapse of half a year the se...cretary reported deposits of $62,000 and a trust business that consisted of the certifying of an issue of bonds.
On September 10, 1895, the Company moved into the basement of the Garfield Building where it had purchased the vaults of the re- cently organized Security Safe Deposit & Trust Company, the latter going out of busi- ness and the Cleveland Trust Company taking its place and equipment. From this point the progress of the institution has been un- checked. Before the close of 1896 the deposits 2o6 Story of Trust Companies passed the million-dollar mark.
What to read after The Story of the Trust Companies, By Edward Ten Broeck Perine?
You can find similar books in the "Read Also" column, or choose other free books by Edward Ten Broeck Perine to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
Since 191 1 the Company has been at the intersection of Market and O'Farrell Streets and Grant Avenue.
The par of shares of stock is $1000 each, and these are now quoted at $2350 per share.
The Cleveland Trust Company was organized in 1894 S'^d began its career in a small room on the ninth floor of the Garfield Building with a capital of $500,000 and a paid-in surplus of 1 1 00,000 and no deposits. In the face of all kinds of impediments it went to work and after the lapse of half a year the se...cretary reported deposits of $62,000 and a trust business that consisted of the certifying of an issue of bonds.
On September 10, 1895, the Company moved into the basement of the Garfield Building where it had purchased the vaults of the re- cently organized Security Safe Deposit & Trust Company, the latter going out of busi- ness and the Cleveland Trust Company taking its place and equipment. From this point the progress of the institution has been un- checked. Before the close of 1896 the deposits 2o6 Story of Trust Companies passed the million-dollar mark.
What to read after The Story of the Trust Companies, By Edward Ten Broeck Perine?
You can find similar books in the "Read Also" column, or choose other free books by Edward Ten Broeck Perine to read onlineMoreLess
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