A thumb-nail history of the city of Houston, Texas, from its founding in 1836 to the year 1912 Page: 96
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96 A THUMB-NAIL HISTORY OF
dent. This bank is one of the strongest institutions
in the country. Its original capital was $100,000.
In 1906 this was increased to $500,000. In
1909 the stock was again doubled and in 1912 it was
increased to $2,000,000. Its business has also shown
a phenomenal growth, having about doubled in
three years. September 1, 1909, its deposits were
$4,764,967. September 1, 1910, the deposits had
grown to $6,421,938. Four months later, January
7, 1911, they were $7,958,096. Two months later,
March 7, 1911, they were $8,432,907. On April
18, 1912, the deposits were slightly under $9,000,000,
or to be exact, $8,978,999.80. The home of
this bank is one of the handsomest buildings in the
city. It is only eight-stories high, but it has an immense
floor space, larger than any bank in the
South. It has a fine frontage on Main street and
runs back for more than half a block on Franklin
avenue. In addition to this, it has an ell that extends
from the Franklin side far back towards the
middle of the block. The entire first, or ground
floor is used by the bank while the other seven
stories are used as offices. The building is of reinforced
concrete, steel structure and is fire-proof
in every way. It has its own water supply, derived
from a large artesian well. It also has its own heating
and electric light plant. There are three large
and rapid elevators and the building is equipped
from top to bottom with every device that contributes
to the comfort and convenience of its tenants
The officers of the First National Bank are:
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Young, Samuel Oliver. A thumb-nail history of the city of Houston, Texas, from its founding in 1836 to the year 1912, book, 1912; Houston, Texas. (texashistory.unt.edu/ark:/67531/metapth24649/m1/109/: accessed September 20, 2017), University of North Texas Libraries, The Portal to Texas History, texashistory.unt.edu; .