Oakland Tribune from Oakland, California on May 30, 1926 · Page 49
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Oakland Tribune from Oakland, California · Page 49

Oakland, California
Issue Date:
Sunday, May 30, 1926
Page 49
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it:. 7- SUNDAY nO Crffimw .MAY 30, 1926 M-7 r BANK WILL! HEW HOMEi A Milestone of Progress 1 he impressive new structure of the Central National and Central Savings banks, which is to be occu- k.. kfU L.-l.. T" I... T 1 IV n . . o 1 I ! l y w, um mi iucaoay, june i. lyinwiaaie construction L.ompany were the Builders. Central National and Savings Banks will Open Doors in Gigantic New Building at 14th, Broadway Tuesday The Central National and Central Savings Banks will welcome depositors and the general public In their new banking home at I Fourteenth and Broadway Tuesday morning. Moving of the banks from their - temporary quarters at Fourteenth and Franklin started at noon Saturday nd will be completed not later- than tomorrow night. Contractors have completed the work on. the new building and the banking rooms, and arrangement of equipment will be finished tomorrow so that the banks will be ready for business at the opening hour. The new banking quarters occupy the basement, ground floor, two mazzanine floors and rrac- tically aid of the second floor of the new Rpllding. The main entrance to the banking rooms Is on the Broadway side of the building. The entrance lobby and public space extend the full lenvth of the banking rooms on the north side and across the front of the banking rooms. Walls of the quarters are of Indiana limestone, the ceiling Is decorated after the Italian manner, and the floor Is of Roman travatine with mosiac insets. BANKING ROOMS. Banking rooms are nearly 150 feet long and 100 feet wide, with the exception of the small space allotted to the lobby of the main building. Savings bank service will be found to the right and left of the main entrance, with the commercial departments on the, left and at the rear of the main banking rooms. Officials of the national bank occupy offices at the right of the banking lobby. Commercial customers will find every normal service at their alphabetical window, as teller and bookkeeper and records are all allocated to one spot for prompt and accurate functioning. In the savings bank service is according to account number, the system Installed Insuring quick and accurate service. The trust, collection and exchange departments are located on the mezzanine floors, together with a practically Round proof room in which Is located the operating department. The credit department occupies spacious quarters on the second floor. The directors room, paneled in rich mahogany, is located on the second floor also. Special quarters have been in stalled ror women's employees on the second floor, where "lunches fay be prepared. MODKllN VAl I.TS. Kight modern concrete and steel vaults have been constructed In the basement. The safe deposit box vault, the largest of these, is lined with polished steel and will provide 20,000 boxes when needed. Vaults for coin, storage, package Hl'jrHjje and for bank use are loaned in the basement also. Aboul SO booths of mahogany have been Installed for the convenience of deposit box holders, and two conference rooms have been provided for the use of customers. In addition to the banking rooms, the IB-story building contains more than 400 office suites. Sloie than 2500 tons of structural and other steel was used In the construction of the building, which towers 23a feet above the street level. A modern1 ventilating system has lieen installed tn which air is driven through a water bath by a large fan before hi ing admitted to the banking rooms and qua iters. A sub-basement Has constructed to house necessary machinery for operating the building. A battery of five modern highspeed elevators provide rapid tansportatlon from basement to the top floor. These elevators are equipped with automatic self-leveling devices and have self-closing nd self-opening doors. In designing the building and ' I rm Ktc-mpe:' ratify I h0i s-r 'sz& lL r-ts wW' nnt'k Mui i 1rTT"-t c-:&i STf 3 $eiT 11LL w.- u m iiiJi iii ! ffo . - fiFES - -"j. rrr mm , h? t du?. . ifoow m 9 r.: s. : nu. lilimiillillll illwiPM r.r.JHBrJ fefc fcs 'fig-SB as 1l ffi C'- - j ycSu .nalfjLrf 7"i''lKiiIi""',"i,"'M'm)' fi'fiCTi'i(iirii1iWii'''ifi"''i1' l.-'..--.v.''l..-- j..t.. . JJ..i,i.i11.t.rt1l1tff1..,.YKf;fr-i""'viti' iff" yum iTiO -gf jqi1 m 121 H 1 11 M'w Growth and Development of Central National and Central Savings Banks The remarkable growth and Je-tOakland, the historic Union Sav- banking rooms, architects created a structure of classical beauty and combined with it practical utility. The banking rooms, especially, are designed to expedite the handling of banking work and to handle a maximum number of depositors and customers without crowding and inconvenience to the public. During the first nine months of liL'j net profits of a diversified group of com ii nies were per coot nhovr l;msr for l he same period in 11(24. They exceeded Ihe total for nil of l!'24 by II per cent. Automobile companies made the best showing, more thun doubling their profits over one year ugo. Soft-voiced witnesses are now heard distinctly in the Jury box at a Brooklyn (N. Y.) court. A microphone has been installed In front of the witness stand and sound projectors over the Jury box. Newfoundland Cod Industry Exports As cotton is the money crop of Southern United States and wheat of the Middle West, so cod is the money orop of Newfoundland. Fifty-thousand men, women and children one-fifth the entire population of the country depend on some phase of the fishing industry for their livelihood. About 15,000 crnfi, averaging uLuul f0 tons each, are engrged in cod -fishing. Less than 600 boats are large enough to venture out any distance so by far the greater part of the fish are caught off shore. According to a commerce de- i partment survey made public today the value of fisheries products ex the country. Approximately $10,-000,000 of this amount represented dried codfish, and cod oil accounted for another $1,000,000. About half of the dried codfish goes to Spain and Portugal, only an Inconsiderable amount being shipped to the United States. East Bay Water company lias been grained authority by the railroad commission to sell to I'acific Gas and Klectrlc company a certain parcel of I -nd, right-of-way and casement I. ing in I lie I'.aneho Kl Sobr;:me in (..intra t'o-;ta county, for the purpose of erecting thereon a single pole electric transmission line Key System Transit company has been granted authority by the Railroad Commission to construct a ported from Newfoundland during spur track at grade across Forty-the last fiscal year amounted to second street and across a portion tl 3.000,000, which wus more than of I,inden street in the city or OaK-hulf the value of all exports from 1 land. velopment of the Central National and Central Savings Bank are Inextricably bound up with the tremendous progress of Oakland. Starting when Oakland was In Its infancy, the banks have moved forward step by step, always leading the way to a greater future. A historic survey of the growth of these Institutions reads: "The banks had their origin In the Home Savings Bank, organized September 8, 1891, by V. D. Moody with offices on the east side of Broadway Just north of Tenth street. Familiar names are Written on its first roster of stockholders: W. G. Palmanteer. J. C. Ainsworth. Sol Kahn, J. W. Phillips, Taft and rennoyer, George w. Reed. John and Thomas Crelrin. "On June 13. 1892. the name of tne bank was changed to the Cen tral Bank, with both savings and commercial aepartments. On October 6 of the same year, President Moody retired because of 111 health and was succeeded by J. C. Alns worth. Early In this year the bank. moved to a, location Just behind the Taggart prtrg Store at the gore of oroaaway ana San Paolo aenue. with entrances on both streets. This location was occupied until the completion of the new building at the corner of Fourteenth and firoadway, started in 1892 and fin. lshed early in 1893. Expansion of the bank facilities and growth of Oakland led to the organization of the commercial de partment Into the Central National Bank on August 12. 1909, with a paid-up capital and surplus of $1,- 110,000. The savines branch con. tlnued to be operated under the old name until April 7, 1911, when it became the Central Savings Bank of Oakland. Meanwhile occurred the death of Ainsworth, John Crellin suc ceeding to the presidency on Feb ruary (, ixs)4, holding office until at his demise It passed to Thomas Crellin, January" 14, 1896. Thomas Crellin continued as president of me uantc lor tnirteen years until his death, when another original stockholder of the bank, W. O. Palmanteer, became its head. He was elected on January 12, 1909. but lived only a few months. "Joseph F. Carlston, under whose administration the banks have had their greatest period of expansion ana tne present head of the institution, was Inaugurated president on May 6, 1909. "An era of expansion followed. In August, 1912, the Bank of Germany was taken over. On May 1 2, 1913, the organization assumed control of the Telegraph Avenue Savings Bank, which it operated and still operates. 'Then came the absorption of the oldest financial organization In Fuller Brush Equipment in Bank Building Ray White, field manager for ;tn J-uJler Brush Co.. states that I the pntire cleaning equipment for tne central Bank building haH been supplied by the Fuller Brush Co. v hite slated "Fuller equipment tfas selected after a careful investigation and. because It has given entire satisfaction wherever used In office buildings, schools and homes. Fuller Brushes have been distributed in Oakland for the past twelve years and the distributing plant for the Pacific coast is main-tained at 618 Franklin street, while the sales headquarters Is located in the Tribune Tower." During a recent visit Alfred Fuller, president of the Fuller Brush Co.. stated. "In all probability Oakland will be the home of the Pa cific coast plant of his company. Our rapidly growing local business, as well as our foreign trade, de mand th eerectlon of a western plant and Oakland is the logical place to build because of its many advantages. Including rail and shipping facilities, as well as Ideal living and working conditions." White states that the Fuller system will also be Installed In the new F.Iks club. Ings Bank. The event marked the month of November, 1914; It was followed by the addition in the following year of two more prominent bank houses, the Western Commercial and Savings Bank and the Bank of Commerce. The latest acquisition was the State Savings Bank, the control of this leading banking house being assumed on March 31, 1923. "The period of readjustment that followed the great San Francisco fire of 1906 served to launch Oakland on a current of swift growth. The Central banks played an important part In the major activity that followed. "Having, by Its rapid development, outgrown its building at Fourteenth and Broadway, the banks determined to build a new home. Consequently temporary quart ersfwere prepared at Fourteenth and Franklin and the bank moved Into these. The old building was razed, and In Its place has Deen constructed the 1 substantial 15-story combined bank and office building, which will be formally opened on Tuesday." , Distinguished Visitor At Plan Conference The recent city plan conference of the California Real Estate Association was attended by W. 0. Vogwell, chief health Inspector of Sydney, Australia, who was on his way to the International Town Planning Congress in Geneva, as a delegate of the Council of the Town Planning Association of New South Wales, Australia. While on his tour of the world Vogwell will rep. resent the Sydney Municipal Council at the Royal Jubilee Congress of Public Health In London. Find Many Towns ' 100 Pet. on Licenses J. H. Gabbert, real estate commissioner, announces that the special deputies of the California Real Estate Department, who are now checking brokers and salesmen throughout California to determine whether or not they are complying with all of the requirements of the California Real Estate Act, have found that many town hv a one hundred per cent record In. compliance with th law. In commenting on this situation he said: "The high standards that have .been set by the real estat boards and the state association officers, are most) pleasing and complimentary to these organla tions. The smaller cities are particularly watchful in seeing to It . that brokers and salesmen comply with all o the requirement of th real estate license law."' Hollow Building Tile in the CENTRAL NATIONAL BANK furnished by Port Costa Brick Works 3435 Wood St. Phone Humboldt 198 OAKLAND MAIN OFFICE 808 Sharon Bldg. Phone Sutter 4884 SAN FRANCISCO, CALIF. 0 ALL CONCRETE and PLASTER MATERIALS FOR CONSTRUCTION OF CENTRAL BANK BUILDING FURNISHED BY Oakland Building aterial Co. CLEAN BLUE CRUSHED ROCK TBADE mark Office 5000 Broadway, Oakland Telephone Humboldt 6300 Stair Rails for Central Bank Bldg. Manufactured by FRANK M. PHILIPS Co., Inc. 718 Bryant Street SAN FRANCISCO Phone Douglas 2725 Mechanical Installation CENTRAL BANK BUILDING Furnished and Installed by GEO. A. SCHUSTER PLUMBING and HEATING CONTRACTOR 21ST and GROVE STS. Phone Lakeside 2736 We Furnished and Glazed All Glass ON THE Central National Bank Building inrlriliiif! in llif bank-room filurc. Tyre Bros. Glass Co., Inc. DK li.RS IN U s FdR AM. H RPOSFS 310 WliBSTER ST. Trlrphnnn Isikenitlf 1070 CENTRAL NATIONAL BANK PLUMBING installed by William J. Forster Co. 355 Fourth St. San Francisco Telephone Douglas J03? CONG R A TULA TIONS TO TIIE CENTRAL NATIONAL BANK on the completion of their magnificent new building Louis Scheeline MERCHANT TAILOR 106 14T1I n. Oakland L IB I I THE HERMANN SAFE CO. 1 9 t SAN FRANCIH'O J. A. M0HR & SON INC PAINTERS AND DECORATORS tnnujnrturrrt nnd Drnler of Fire and Burglar Proof Vaults, Safes, Etc. HAVE INSTALLED Steel Vaults and Doors ' FOR CENTRAL SAVINGS BANK OAKLAND, CAL w te Congratulations from Tliorsted Floral Co. S iidirate HIiL:., 1133 ltra.l Oak. U1U-UW 32 16 (iraml cnue s s V LUMBER 4 v i Tildcn Liimbcr & Mill Co. 0 San Francisco Oakland eta tr. KLUMM Arkrt !UM ER-H UD50N 2nd and 1 Iarrion Sts. Oak. 893 J 1 itfOOOOOOOQOOOOOOOOCOOg

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