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QUARTERS FINISHED BY TRUS' COMP American Security to Greet Public in Much Larger Offices Tomorrow. ORIGINAL BANK LOBBY COMPLETELY CHANGED Recent Trend in Clearings Held More Favorable Comparisons Made in Lanston Earnings. BY EDWARD C. STONE. When the doors of the American Security & Trust Co. are thrown open for business tomorrow, one of the most attractive banks in Washington, or any other city in the East, will be ready for public inspection. After many months work, the original bank building which for more than 25 years housed the main office departments, has been completely remodeled and connected with the banking facilities in the adjoining American Security Building President Corcoran Thom and his official staff moved into their permanent office vesterday and the greatly enlarged quarters are now ready for immediate use In what was formerly the main bank modern equipment has been installed throughout the building to provide adequate banking and trust facilities In the main banking room, to the left of the Fiftenth street entrance is located the ladies department Here special desks. large comfortable chairs and rest rooms have been provided for the convenience of the women customers To the right of the entrance will be found the executive quarters and on the opposite side of the room have been installed the tellers windows for paying receiving notês and collections The skylight of the old building has been removed and in its place there now appears the brightly colored Pompeian ceiling. Near the top of the richly paneled walls is a border on which may be seen the following iption "Finance nurtures the soil and the mill. It supports commerce. which serves the world by land and sea and air It built upon confidence in integrity It lidates societies of cities, of States and of the nations. Many Offices in New Building. In addition to this remodeled building. the main office of the company now occupies several floors in the new American Security Building. The first floor is united with the main banking room, making one large and continuous lobby On this floor are the foreign exchange, securities and real estate departments The safe deposit department has been established on the downstairs floor accessible where from it easily the main banking room by both stairs More than 30 coupon rooms have been provided for the convenience and privacy of customers of this department Here have been installed the massive two-story vaults of concrete and steel with 18-inch steel doors. representing the latest developments in scientific research These vaults offer the utmost in safety and protecti as they rank among the strongest in the country The trust department occupies the entire second floor of his building Spacious sections have been arranged and equipped for conference rooms of ficers' desks and the accounting division of this department Company Organized in 1889 On the third floor are located the department of public relations, the personnel department, the purchasing department bookkeeping department and the mail and addressogra rooms. the The auditing department and library are on the fourth floor Up-to-date banking equipment that has been installed under the super and engineers the vision facilitat the conduct of business be tween department as well as between each department and customers The ineumatic-tube system for the conveyance of papers is an example of such features. The machinery of this building also means comfort for customers while transact ing their business. The American Security & Trust Co was organized in 1889. and since that time has enjoyed an enviable record growth. Today the company conducts four branch offices The capital sur plus and undivided profits of the trust company amount to more than $7.600 000, while total resources are in excess of $40,000,000 Lanston's Earnings Compared. One of the most important annual meetings of the week from the stand point of local interest was that of the Lanston Monotype Machine Co. Earnings comparisons with last year are wide interest This year's earnings $4.05 compare with last year, not nearly as large slump as many corporations have reported The balance sheet as of February 29 1932, showed total assets of $10,171, 033 comparing with February 28. 1931 and surplus of 582. $4,557,740 to $4.728.967 and, excluding $25,000 for Federal taxes. there were no current liabilities, the company accounts payable notes having At close of preceding fiscal year current excluding and assets were $73.000 for Federal taxes, there liabilities were current Lanston stock is now quoted on the Washington Exchange at 58 bid and asked and pays $6 year The report showed the company in an un usually sound financial position. ready to ahead with rapidity as business recovers. April Clearings Encouraging Bank clearings for 123 cities in the United States totaled $22,534,684,000 April, as compared with $24,214,435.00 in March, decline of 6.9 per cent The April total also shows a drop of per cent below the corresponding month last year. Bradstreet's seasonally adjusted index advanced 1.3 points over March, and now stands at 47.3 per cent of the 1926 average For the past few months this index has been declining very little Thus its movements are similar to those in 1921 just prior to the upturn in business activity Since prices declined over 3 per cent during April, considerably larger the by indicated volume business rise in the value index bank clear ings This greater volume almost entirely due to distributive trade The fact that car loadings show similar ent tends confirm the clearings index, Bradstreet's says
