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OFLA LOT. EAR T $ Dee eR EER aE Be ARTA 08 28 FAQAEE PAGE EIGHT THE OSHAWA DAILY TIMES, SATURDAY, DECEMBER 6, 1930 New Bank of Montreal Building Combines Beauty and Utility: New Offices of Oshawa Bank Are Thoroughly Modern and Well Equipped in Every Way Extension of Former Bank of | Commerce Building Pro-' vides Local Branch of Bank of Montreal With Ample Space INTERIOR RRESENTS . FINE APPEARANCE Large New Vault Provides Accomodation for Safety Deposit Box Holders -- Bank Is Brightly Lighted The new offices of the local branch of the Bank of Montreal, in the former Bank of Commerce building, will be thoroughly mod- ern and well equipped in every way, providing the bank with one of the | best offices in the city. JOR | Menage: of the local branch of the extension of the ground floor| ha Bank of Montreal, which, and basement to the rear the Bank | sionday, will open in its new of Monte eros] quarters in the former Bank of by the Bank of Commerce branch. | Commerce building. Entering the new offices from Simcoe street, there is a short hall with stairs to the left leading up to Through | take up the space to the right of the lobby. 4 the business suites on the second floor. Passing through swing doors the spacious lobby of the bank fis gained. With floors of marble and surrounded on three sides by long counters of dark oak, the lobby pre- sents a splendid appearance. Desks are provided in the centre of the lobby for the convenience of cus- tomers and there should be ample accomodation even during the busi- est hours. The interior of the bank is roomy and the staff will not be forced to work under the erowded conditions which existed in the building to be vacated. There are three large tellers' cages, the first to the left of the lobby and half way down the oak counter, the second at the junc- tion of the left hand and rear coun- ters, and the third at the junction | | hours. The manager's office may be en- tered directly from the lobby and is situated to the right and front of the building, its location being simi- lar to that in the present premises. I It is large and well furnished. The walls of the interior of the bank are of a soft cream while the ceiling is white. Graceful ornamental lights are suspended on chains from the ceiling and are beautiful as well as useful. A large |, skylight at the rear will admit a}, great deal of sunshine thus making |, the interior bright during daylight Persons who have bonds, mort-| gages and other valuables to store in safe keeping are always interest- t ed in vaults and safes. In this con- |. nection it might be stated that the vault in the new offices is modern New York office. was Temple Lodge A.F. MANAGER OF BANK OF MONTREAL HERE HAS LONG SERVICE R. S. Morphy Has Held Sev- eral Important Posts With Institution Reginald S. Morphy, manager of the local branch of the Bank of Montreal, which on Monday will open its new office in the former Bank of Commerce building, has had wide experience as a banker 1 and in the four years which he has resided in Oshawa, has become an influential and respected citizen, Mr. Morphy came to Oshawa from Windsor in the early summer 1926, and in the period which he was had charge of the local branch, he business of the bank has ex- anded to such an extent that ft 'as found practically imperative to eek larger quarters than those ywrovided in the building at the outhwest corner of Simcoe and lond streets. Almonte, Ont., saw Mr. Morphy"s entrance into the banking field when as a young man he joined tne staff of the Almonte Bank of Mont. real branch as junior clerk. Pro- motion came rapidly and he spent some years in various Montreal branches and the head office. He was manager of the St. Henrl branch in Montreal for three years and for one year was on the stam of the western inspector, while he also spent a short period in the For two years he Aurora, and In manager at 1919 became manager of the Wal- yointed assistant manager at Wind- sor. Since coming to Oshawa, Mr. shade | vornhy has identified himself with many activities and large number of friends through his business, lodge and other con- has acts. He is a director and treas- irer of the Oshawa General Hospi- al, a director of the Oshawa Cham- ber of Commerce, a director of the Oshawa Golf Club, treasurer of the | )shawa Rotary Club, treasurer of | & AM. ana Christ Anglican | reasurer of 'hurch. made a | of the rear and right hand counters, Each cage is fitted with desks, spec- cial cash drawers and other neces- sary equipment. Ample space is provided behind the counters for the desks of ac- countants, clerks and stenograph- ars. The sayings department wilh be stationed to the left of the lobby while the current accounts depart- in every way and is of very sturdy construction. A number of safety deposit boxes will be provided in the vault and through the use of these, valuable documents may b% kept with about as much safety as human ingeniousness may provide A strong safe, within the vault, will be used for the storing of cash and Fair Was A Success Peterboro--Just how great cess this year's Peterborough Indus | trial Exhibition enjoyed was not | known completely until the Exhibi- tion Board convened in the Chamber | of Commerce rooms to hear the fi- nancial statement read. Total re- ceipts for Peterborough's big show a sw other deposits. ment is to be located at the rear, i (Continued on page 9) The accountant's department will ran up to $26,66201. Aiter all bills | are paid, a balance is leit of $4,500. | HEAD OFFICE OF THE BANK OF MONTREAL In Dominion Square, Montreal, is the heart of Canada's oldest bank and one of the strongest 'institutions of its kind in the British Empire. Seen in the photograph above, is the statue of the Sieur de Maisonneuve, kerville branch, later being ap-| founder of Montreal, which occupies a prominent place in the square. Bank of Montreal Founded In 1817 by Small Company Of Able Canadian Merchants | merchants | lishment - HE | This | of tl 23rd of June, 1817, nine of Montreal signed Ar- Association for the estab- of the "Montreal Bank." action marked the foundation Bank of Montreal, which to- the distinction of being by f oldest institution of its kind in British North America, and one of the largest financial institu- tions in the British Empire It established the beginnings of the | organized financing to the relief of that early business men, it is necessary to del deeply into the history of the cou try. : On the generation of | Canadi ticles of The only organized portion of what is now the Dominion of Canada we the Provinces of Upper and Lower Canada and the Maritime Prov Their whole population was le 400,000, and that of chief trading centre, les , day holds far the Ince than Montreal, the than 20,000 also Canadian banking system | The development of trade and agri T'o realize the conditions which | culture was hampered by: Jack of prevailed when the bank first brought (Continued on page 9) | DANK OF MONTREAL | | 1] 4 | Former Tailor i || bank found it 1- | King and Simcoe streets, the Bank ¢ | chasing OPENED BRANCH IN ~~ OSHAWAIN 1919 First Transacted Business in Shop | The Bank of Montreal first open- | ed a branch in Oshawa on June 23, 11919, in small temporary quarters | on Simcoe street, formerly used as | a tailor's shop, and near the present | location of Johnston's clothing | store. At that time Oshawa was a | thriving town with a population of | 11,000. | As the | branch grew business of the locai and expanded, the necessary t& look | | about for larger and more suitable | | quarters and after considerable in- | | vestigation purchased a store pro- | | perty on the southwest corner of | | Simcoe and Bond streets. The building was remodelled and adapt- ed to fit the needs of the bank, with residential flat above for the mana- ger, while a garage was constructed to the rear. The building was of solid brick, faced to the second floor with sand- stone, while the interior was finish- ed in mahogany and bronze At the time it was purchased it was thought that it would serve the needs of the Bank of Montreal in | Oshawa for many years to come. But as the centre of the automo- bile manufacturing industry of Ca- nada, Oshawa rapidly increased in size and importance and in the 1927 and 1928 | its phenomenal growth became a | byword throughout Ontario. The Bank of Montreal has kept pace with Oshawa and in catering | to the banking needs of the city and | district it soon found that it was | cramped for space. As the staff was enlarged accountants, book- | keepers, stenggraphers and clerks found themselves With scarcely | enough room to work in and the | lobby was crowded with customers | during banking hours. When the Standard Bank of Ca- | | nada was amalgamat last year { with the Canadian Bank of Com- merce and the local branch of the latter institution was moved to the | enlarged offices of the Standard at years 1925, 1926, ! of Montreal saw its opportunity of {improving its position here by pur- the Bank of Commerce | huilding at 20 Simcoe street north. | The banking offices in the new | building were extended and it thus | happens that on Monday the Osh- |awa branch of the bank will be es- j tablished in new and commodious | quarters. | HM. 8. Langford, formerly in the I (Continued on page 9) SIR CHARLES GORDON Who as president of the Bank of Montreal is a fitting successor to a long line of men who have been eminent in developing Canada's business and commer- cial life. INFLUENTIAL MEN AS DIRECTORS OF BANK OF MONTREAL Sir Charles Gordon Succeeds Long List of Eminent Can- adians as President The Bank of Montreal, which is well represented by its branch in Oshawa, is not only one of the old- set banks in Canada but is regarded as one of the strongest institutions of its kind in the whole British Em- pire. Organized in 1817 by a small group of Montreal merchants, with a paid-up capital of $350,000, the bank has now a paid-up capital of $34,548,760.50 with rest and undi- vided profits of $37,076,828.98, The total assets are placed at $915,705, 653.22. The first president of the bank (Continued on page 9) Bank of ¥ontreal Has Faith In Future of Oshawa and in Canada's Bus | Will Give Practical Demon- ness Soundness stration of Confidence by Establishing Local Branch in New Offices on Mon- day PURCHASED BUILDNG FROM COMMERCE BK. Several Thousands of Dol- lars Spent in Enlarging and Remodelling Offices --Bank Moving Into New Premises This Afternoon Demonstrating its faith in the continued prosperity of Oshawa and the fundamental soundness of busi- ness conditions in Canada, the Bank of Montreal will on Monday esta- blish its local branch in new, en- larged and improved quarters in the handsome brick building at 20 Sim- coe Street North, formerly owned and occupied by the Canadian Bank of Commerce. Several months ago the bank, in seeking better accomodation for its offices here, purchased from the Bank of Commerce this building which had been vacated following the amalgamation of the Standard Bank with¥the Bank of Commerce and the subseauent establishment of the Oshawa branch of the latter institution in the offices of the for- mer. In addition to the payment of a sum of money the Bank of Montreal gave in exchange for the purchase the building which it has owned for the past six years at the south-west corner of Simcoe and Bond streets. The expenditure of several thou- sand, dollars was necessitated in the enlargement of the banking offices by the extension of the basement and ground floor of the building to the rear, while a large sum has also heen spent in remodelling and re- decorating the interior. A moderna vault and well appointed furnish ings have been installed at consider= able cost. The actual work of moving from the old offices to the new offices is being accomplished this afternoon and no difficulty is expected as the new building is only a few doors. : (Continued on page 9) F FINEST OF MATERIALS WHEN YOU BUILD OR REBUILD. --ALWAYS A SAVING OF TIME, TROUBLE AND MONEY. : THE YEARS YOU RIGHTLY EXPECT FROM YOU R HOME WILL MULTIPLY THE:MISTAKES MADE IN CONSTRUCTION. OR THOSE THINGS THAT MAKE THE HOME STAUNCH AND SECURE--THOSE THINGS THAT MAKE IT COMFORTABLE AND SAFE IN ANY WEATHER--BE SURE. YOU SELECT ONLY THE IT'S ALWAYS ULTIMATE ECONOMY, A Ba -- A SINGLE ERROR IS MAGNIFIED MANY TIMES WHEN YOU COME IN CON- TACT WITH IT DAILY. THAT'S WHY IT PAYS TO USE THE UTMOST CAUTION IN THE SELEC- TION OF THE MATERIALS THAT GO TO MAKE Y OUR HOME. FOR GOOD BUILDING OR REBUILD- ING--FOR STURDY, LASTING CONSTRUCTION-- LET QUALITY GUARD YOUR COMFORT AND YOUR POCKETBOOK. The Lumber Used In The Remodelling And Erection Of The Bank Of Monrreal Was Supplied By This Company arew Dealers in LUMBER FRAMES & SASH INTERIOR TRIM DOORS B.C.. SHINGLES TORONTO ASPHALT ROOFING DONNACONA LUMBER GYPROC LATH INSULATING HARDWOOD FLOORING Lumber Company Ltd. 74 ATHOL STREET W.. "~ PHONES 12 and 13 al i