THE WASHINGTON TIMES: SATURDAY, NOVEMBER 22, 1913.
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The Munsey Trust Company
Buys The United States Trust Company
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and Guarantees Its Obligations
Late last night- The Munsey Trust Company completed negotiations for
the purchase of The United States Trust Company, and at once took over
the business of that company.
This means that The Munsey Trust Company, with its capital
of two millions of dollars, is now back of The United States Trust
Company and guarantees its deposits and all other obligations.
And this means, too, that no depositor in The United States Trust Com
. pany need have any further concern about his money. on, deposit in that,
company. It is positively safe.
A Personal Word to Depositors in
The United States Trust Company
Naturally, I would not have bought The United States Trust Company
without a very thorough investigation of its affairs. The investigation
shows that its assets are well in excess of its liabilities to its depositors.
But now that it has come into the hands of The Munsey Trust Company,
its strength is increased by the full measure of strength of The Munsey
Trust Company over two millions of dollars.
So I want to assure you, both personally and as the president of The
Munsey Trust Company, and as the owner of The Washington Times, that
your mqney in The United States Trust Company is absolutely safe. And,
furthermore, I hereby give you my personal, individual guarantee of its
I have undertaken the work of straightening out this financial tangle
in your interest and in the interest of the city or Washington. In return,
I want you to do something for me. I want you to leave your money in
The United States Trust Company just where it is, and think no more about
it, trusting The Munsey Trust Company and trusting me individually to
look after your interests and to make sure the safety of your money.
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FRANK A. MUNSEY
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