Ogden Daily Standard | 1908-02-27 | Page 5 | First Security Company

FIRST SECURITY COMPANY now new york fob feb 27 the announcement ment that the first national bank is forming a corporation to bo be known as tho the first security company company for the purpose of dealing in securities and real estate caused much discussion among bankers yesterday the stock and bond item of thy tho first national bank lias has always been much than that of any oth other r institution of the rind kind in eity city on february the first national vanla b anic neld bield GO of securities security ti in this account it ws was paid positively by bankers that po no other institution an this alf dy is likely to follow the ey ex ample of the first national bank and form a separate company dealing in securities it was vas pointed out that thai the national banking laws prohibit national banks from lending money on real estate or acquiring and holding real estate other than that mat occupied by bank offices at the national city bank and the chase national at ional bank banit it was stated that neither institution had any idea of turning over its large holdings or of securities to any company to be formed for a similar purpose sep