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BANK OF NOVA SCOTIA OPENED ON SATURDAY
[Welland Telegraph, 7 January 1908]
The Welland Branch of the Bank of Nova Scotia opened its doors for business on Saturday morning. Visitors were very much pleased with the handsome offices of the bank. The work was designed by Arthur E. Nicholson of St. Catharines and the work was carried by the following men: Alterations, P.S. Peacock; masonry, Marcus Vanderburg; painting, Racher and Hyatt. The Canadian Office and School Company of Preston put in the fittings, which are of quartered oak, and very tasteful and handsome. There are two large vaults with safes made by the Gould & McCullough Company of Galt. The lighting is done by the Welland Electrical Company.
The manager of the Welland branch is P.A. Rowley of Fredericton, N.B., and the accountant, F.A. Bremmer of Charlottetown, P.E.I. Mr. Rowley will be joined in a week by Mrs. Rowley, and they will take up their residence on West Main Street in Mr. Vanderburg’s house, which is being altered and improved.
The Bank of Nova Scotia occupies a place singularly its own. Its stock is quoted today at 276, which is the highest quotation on Canadian Bank stock, and is 53 points higher than its nearer competitor. Expert auditors from Scotland, men who have no connection to any sense with the bank, make the audit each year. It is one of the four banks in Canada paying twelve per cent interest on stock. At present the bank has 85 branches of which _are in Ontario, but a number of other branches are to be opened in this province in the new year.
This is one matter in connection with the opening of the Welland branch that should not be overlooked. The bank believes in patronizing home industry, and spent all its money for local alterations with local men.
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