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For The Care Of Currency And Bonds

For The Care Of Currency And Bonds image
Parent Issue
Day
22
Month
August
Year
1902
Copyright
Public Domain
OCR Text

For the Care of Currency and Bonds

Ann Arbor Savings Bank Puts in a New Safe

Steady Growth of the Institution-- An Index to the Property of the City

The Ann Arbor Savings bank installed a new safe yesterday morning. It is one of the latest designs of the Herring Hall Marvin Safe company and is 42 inches high, 27 inches wide and 20 inches deep, and is divided into four compartments. The body composing the chest is composed of two plates of five-ply drill proof welded iron and steel commonly known as Chrome steel and one plate of Bessimer. The front and doors have three plates of Chrome and two of Bessimer. The bolts of the doors will be checked by a five-tumbler premier lock the dial arbor, being composed of a series of discs of unequal diameter built into the door as it is being put together cannot be driven in or pulled out in any manner whatever and having metallic fit will not permit the introduction of explosives and all plates are put together by means of seven-ply drill proof welded iron and steel screws from the inside, affording the greatest possible security.

Said President Hiscock: "The above safe will be placed in our safety deposit vault and will be used for the care of our currency and municipal bonds. Our business has increased largely the past year, our deposits being over $200,000 and our surplus nearly $15,000, and our directors thought it advisable to have more safe room. It may be of interest to know that our bank has over $1,900,000 assets and is larger than six of the banks in Detroit. We expect soon to be a two-million-dollar institution, and while our growth is very gratifying to our officers and directors it is really an index of the continued growth and prosperity of the city of Ann Arbor."