USA > Connecticut > New London County > A modern history of New London County, Connecticut, Volume II > Part 3
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Loans on Real Estate. ... $6,462,755.00
Acceptances 56,000.00
439
BANKS
Douglas to take the oath of the cashier's office and to act in that capacity so that the note might be given. Ten years later, Mr. Douglas became the elected cashier of the institution.
Bolton A. Copp, Sr., was elected a director of the National Whaling Bank in 1845. At that time Andrew C. Lippitt was its attorney, Augustus Brande- gee holding that position in 1861. Bolton A. Copp, Jr., was appointed cashier of the institution in January, 1880, and in 1909 was elected president, an office he is now holding. In that same year the present vice-president, Sidney H. Miner, was first elected to that office. N. H. Avery was chosen cashier in 1909, serving until January, 1921, when he was succeeded by Harold G. Pond.
The present officers of the bank are: Bolton A. Copp, president ; Sidney H. Miner, vice-president; Harold G. Pond, secretary and cashier ; Raymond Stearns, teller. Directors-Bolton A. Copp, Harold G. Pond, Sidney H. Miner, W. B. Burrows, C. B. Whittlesey.
State of condition at close of business, December 31, 1921 :
RESOURCES
LIABILITIES
Loans and Discounts.
$276,604.10
Capital Stock
$150,000.00
United States Bonds.
37,500.00
Surplus and Profits
491,840.65
Liberty Bonds
60,000.00
Circulating Notes 36,800.00
Bonds, Securities, etc
603,995.21
Certified and Cashier's Checks
19.18
Banking House
4,000.00
Dividends, Unpaid
9,238.75
Due from Banks.
51,404.66
Deposits
355,251.09
Due from Treasurer of the U. S.
1,875.00
Cash
17,770.70
$1,053,149.67
$1,053,149.67
The banking house is located at 40 Bank street, New London, and from organization that location has been the home of the National Whaling Bank.
The Mystic River National Bank - This bank, now approaching its seventy-first birthday, is located in Mystic, where the building it now occupies was erected and occupied in 1851. The bank was organized August 5, 1851, under its present title, minus the word "National," that being added at the time the bank reorganized under the National Banking Act. The build- ing which has housed the institution during its entire life of seventy-one years (1851-1922) is located on West Main street, in Mystic, no material alteration having been made since its erection. The bank's career has been one of usefulness and benefit to the community it serves, and under its present man- agement the same condition and spirit prevails.
The Mystic River Bank operated as a State bank from August 5, 1851, until December 5, 1864, when it became the Mystic River National Bank, capital $100,000. The first president of the bank was Charles Mallory; the first cashier, George W. Noyes. It is an interesting fact that since its organi- zation in 1851, a Noyes has been cashier, but three men ever filling that office, the present incumbent succeeding his father. The presidents in turn have been as follows: Charles Mallory, Nathan G. Fish, William Clift, Francis M. Manning, Evan D. Evans, the present incumbent. The cashiers have
440
NEW LONDON COUNTY
been : George W. Noyes, Henry B. Noyes, and his son, Henry B. Noyes, who is the present cashier. The trustees at this time (1922) are: Evan D. Evans, Edwin B. Noyes, Benjamin L. Holmes, Louis P. Allyn, Frederick Denison, Sidney Siswick, Henry B. Noyes.
The report of the bank to the Treasury Department made at the close of business on May 5, 1922, is appended :
RESOURCES
Total of Items 9, 10, 11, 12, and 13, $115,523.71.
Miscellaneous cash items. 8,744.43
rediscounts, ac- ceptances of oth-
Redemption fund with U. S. Treasurer and duc from U. S. Treasurer 5,000.00
er banks, and foreign bills of exchange or
Total $728,433-53
drafts sold with
LIABILITIES
indorsement of
Capital stock paid in. $100,000.00
Surplus fund
20,000.00
this bank (ex- cept those shown in b and c) .... $148,0335.31
Undivided profits. $186,407.33
Acceptances
o f
other bands dis-
counted 703.99
Total Loans
$148,739.31
Overdrafts unsecured
2.00
U. S. Government securities owned:
Deposited to se-
cure circula-
tion (U. S.
Bonds par val-
.... .$100,000.00
All other U. S.
Government
securities (in-
cluding premi-
ums, if any) .. 40,000.00
140,000.00
Other bonds, stocks, securi- ties, etc.
276,320.50
Banking house, $1,000; furni- ture and fixtures, $100 ....
1, 100.00
Lawful reserve with Federal Reserve Bank
33,003.58
62.50
Cash in vault and amount due from National Banks .....
96,679.65
Individual deposits subject to check Certificates of deposit due in less than 30 days (oth- er than for money bor- rowcd) Dividends unpaid Total of demand deposits (other than bank deposits) subject to reserve, Items 26, 27, 28, 29, 30, and 31, $286,275.33.
7,202.60
Amount due from State banks, bankers, and trust companies in the United States (other than included in Items 8, 9, or 10) 18,844.06
Total $728,433.53
The First National Bank of Stonington-This bank was chartered by the Connecticut Legislature in 1851 as the Ocean Bank, with a capital of $100,000. A building was erected facing Cannon Ball Park, and business
Circulating notes outstanding Amount due to State banks, bankers and trust compa- nies in the United States and foreign countries (oth- er than included in Items 21 or 22) Certified checks outstanding Total of Items 21, 22, 23, 24, and 25, $45,456.96.
45,444.96 12.00
Demand deposits (ther than bank deposits) subject to reserve (deposits payable within 30 days) :
279,010.23
Loans and dis- counts, including
Less current ex- penses, interest and taxes paid .. 7,503.59
178,903.74 97,797.50
4.11
BANKS
began the same year. The first board of directors consisted of: Charles P. Williams, president; W. J. H. Pollard, cashier; Gurdon Trumbull, Stiles Stanton, Latham Hull, Jr., William Hyde, Jr., A. S. Matthews, F. C. Walker.
The Ocean Bank was chartered as the First National Bank of Stonington, February 1, 1865. The board of directors was reduced to five: Stiles Stanton, Moses Pendleton, Oliver B. Grant, William E. Brewster, Andrew S. Mat- thews.
The first president was Stiles Stanton; William J. H. Pollard was the first cashier ; and N. A. Pendleton, teller. The second president of the bank was William J. H. Pollard ; Franklin B. Noyes, the third to hold that office, was succeeded by Charles P. Williams, son of the first president of the Ocean Bank, who still holds the office (1922). Moses Pendleton, a member of the first board of directors after nationalization, was later vice-president, and his son, the first teller, became cashier. Another son, Moses A. Pendleton, suc- ceeded A. S. Matthews as director in 1884, succeeded his father, Moses Pen- dleton, as vice-president in 1891, and yet holds that office (June, 1922). Grandsons of Moses Pendleton are connected with the bank as director, cashier, and assistant cashier, making the three generations of Pendletons associated with the bank in official capacity.
The present officials and directors are: Charles P. Williams, president and director ; Moses A. Pendleton, vice-president and director; Horace N. Pendleton, director ; Everett N. Pendleton, director and cashier ; George H. Robinson, director.
The report of the bank made to the authorities, May 5, 1922, show total resources $329,809.61 ; with liabilities the same, the latter including $100,000 capital stock paid in; $50,000 surplus fund; $120,824.42 subject to check; and $48,435 circulation outstanding. The bank management is conservative, and great care is exercised in all departments.
The National Bank of Commerce of New London - This bank was originally chartered as a State institution in October, 1852, under the title, The Bank of Commerce. The proposed capital was $50,000, but so much confidence was shown in the enterprise and the gentlemen associated in the organization of the institution, that in four days the entire capital was subscribed. It was immediately decided to double the capital, and the addi- tional amount was subscribed within a few days. Three months later, Janu- ary, 1853, the capital was further increased to $150,000, and the following July it was increased to $200,000, so that the bank within a year had become an institution with a capital of $200,000. In 1872 the capital was again in- creased to $300,000, at which figure it has remained until the present time. This capital, with a substantial surplus of over $400,000, makes it one of the strongest commercial institutions in Eastern Connecticut.
The bank continued as a State institution until December 5, 1864, when it became a national association under the Federal banking laws, which had at that time been enacted by the Federal Government. The bank performs all the functions of a National Bank and a trust department authorized by the United States Government to act as executor of wills, administrator of
442
NEW LONDON COUNTY
cstates, trustce for trust funds, transfer agent and registrar for issue of stocks, bonds, etc. A savings department for savings accounts is also a feature of the bank's advantages.
The first board of directors was chosen September 9, 1852, that board consisting of nine members: Acors Barns, Henry P. Haven, Daniel Latham, F. W. Holt, G. L. Ford, Lyman Allyn, Martin K. Cady, Benjamin F. Brown, Charles W. Strickland. The board organized by electing Acors Barns presi- dent, an office he held until his death, when he was succeeded by his brother, William H. Barns, who served until his death, the third president being Charles Barns, a brother of the two former presidents, he also dying in office. The bank has had but five presidents during its lifetime of seventy years, and three of these, the Barns brothers, died in office.
Notable for their long periods of service in connection with the bank as directors, are Christopher C. Comstock, who was elected director in 1854 and continued to the date of his death, a period of about thirty-five years, and Charles D. Boss, Jr., who was elected director in January, 1873, and has served until the present time with the exception of a few years when he withdrew, but was subsequently reëlected. George B. Prest, the present vice-president, came to the bank in 1873, and has never severed his connection, he being dean of the banking fraternity of New London, his forty-nine years of unbroken service constituting a record. He is closely followed by Carlos Barry, of the Union Bank and Trust Company, who came to that bank in 1874, both just from school when they entered the banking business.
The first business transactions of the bank were in the office of Williams & Havens, whaling merchants, on October 14, 1852, when notes aggregating $11,000 were discounted-a fair day's business for an infant institution. Sub- sequently the bank obtained permanent quarters in the second story of the Union Bank building, at the present location of the Union Bank and Trust Company. When the Crocker house building was constructed, the National Bank of Commerce took a lease of its present location for fifty years from April 1, 1872.
The directors, desiring to furnish their patrons with the best conve- nience and comforts for transacting business, decided to erect a building which the bank would occupy at the expiration of its lease of the Crocker house quarters, or earlier if possible. To this end a lot was purchased on State street, next east to the First Baptist Church, extending around the church, with a frontage on Washington street as well as on State street, and the present fine home of the National Bank of Commerce is the result of its decision to own its own home.
The following men have been associated with the bank as directors and officers: Directors-Acors Barns, Henry P. Haven, Daniel Latham, F. W. Holt, G. L. Ford, Christopher C. Comstock, Charles Miner, John Dennis, Charles D. Boss, Jr., F. H. Harris, Frank H. Chappell, Frank L. Palmer, Ben- jamin A. Armstrong, Charles W. Barns, Alfred H. Chappell, Charles Royce Boss, William H. Reeves, Morton F. Plant, Simon L. Ewald, Lyman Allen, Martin K. Cady, Benjamin F. Brown, C W. Strickland, J. N. Harris, William
443
BANKS
Sterne, William H. Barns, Henry R. Bond, Charles Barns, Robert A. Morgan, C. Augustus Williams, Charles W. Butler, C. F. Spaulding, James Hislop, George B. Prest, Billings P. Learned, George P. Fenner, Henry R. Bond, Jr., Ralph H. Melcer.
There have been five presidents: Acors Barns, who acted from the or- ganization of the institution in October, 1852, to the date of his death, Novem- ber 18, 1862; William H. Barns succeeded his brother, Acors Barns, and continued as president until February 14, 1886, when he died ; Charles Barns succeeded his brother, William H. Barns, and continued president until his death on the 20th of July, 1902; Henry R. Bond succeeded Charles Barns and continued president for two years, when ill health compelled him to resign, on the 18th of July, 1904; Benjamin A. Armstrong, who had been identified with the bank as a director since March 1, 1886, succeeded Mr. Bond on July 25, 1904. Mr. Armstrong has now been president eighteen years, 1904-1922, and under his administration the bank has continued its most prosperous career.
There have been five cashiers of the bank: Deacon Charles Butler acted as cashier from the organization of the bank until his death, March 18, 1878. Charles W. Barns succeeded Deacon Butler, and continued until ill health compelled him to resign, January 10, 1893, when he was succeeded by George B. Prest, who served until January, 1905, when he was elected vice-president. William H. Reeves was elected cashier in January, 1905, and continued until January, 1913, when he resigned, and George B. Prest again assumed the duties of cashier. Milton M. Baker, the present cashier, was elected January II, 1921.
Officers-Benjamin A. Armstrong, president ; William H. Reeves, vice- president ; George B. Prest, vice-president ; M. M. Baker, cashier. Directors- B. A. Armstrong, J. P. T. Armstrong, Theodore Bodenwein, Henry R. Bond, Jr .. Simon L. Ewald, F. L. McGuire, Ralph H. Melcer, F. W. Mercer, G. B. Prest, W. H. Reeves.
Statement of condition at close of business, May 5, 1922 :
RESOURCES
LIABILITIES
Loans and Discounts .... $1,446,497.29
Capital
$300,000.00
Overdrafts
1,209.69
Surplus
200,000.00
TJ. S. Government Bonds. .. 501,500.00
Undivided Profits
244,871.23
Other Bonds, Stocks, Securi- ties, etc. 477,094.50
Due to Banks 16,384.91
Banking House, Furniture, Fixtures
241,294.90
Other Demand Deposits.
658.381.54
Dividend Unpaid 50.00
Lawful Reserve with Federal Reserve Bank
134,866.36
Cash in Vault and Due from Banks
253,647-34
Due from U. S. Treasurer. .. 9,100.00
$3,068,210.08
Circulation 182,000.00
Individual Deposits
1,466,522.40
$3,068,210.08
The Uncas National Bank-Although organized in 1852, the Uncas Bank was not incorporated under the general act until 1855. The first board
444
NEW LONDON COUNTY
of directors consisted of nine members: James A. Hovey, J. L. Greene, W. A. Buckingham, H. B. Norton, J. S. Webb, Jesse S. Ely, Joseph Backus, J. M. Huntington, Gurdon Chapman.
The first president of the bank, James A. Hovey, held the office twenty- one years, 1852-1873. He was succeeded by Jesse S. Ely, who served six years, 1873-1879. The third president was Lyman Gould, who was succeeded by Edwin S. Ely, his successor being Daniel B. Spaulding. The sixth presi- dent was John M. Johnson; the seventh, William N. Blackstone; the eighth, Wallace S. Allis; the ninth, Arthur D. Lathrop, who was succeeded by the present chief officer, William H. Allen, who was elected the tenth president, January 9, 1917. The first cashier of the bank, E. H. Learned, held the office twenty-seven years, 1852-1879. His successors have been Charles M. Tracy, Walter Fuller, James H. Welles, Willis Austin, Dwight H. Huff and H. L. Frisbie, the present cashier, who was elected February 5, 1917.
In 1865 the bank rechartered as the Uncas National Bank, capital stock, $100,000. Officers: William H. Allen, president; Calvin H. Frisbie, vice- president ; Henry L. Frisbie, cashier ; Charles D. Greenman, assistant cashier. Directors-William H. Allen, Calvin H. Frisbie, C. Morgan Williams, Willis Austin, Frank E. Palmer, Rutherford C. Plant, Michael M. Donahoe, Herbert F. Dawley, Emanuel Kaplan, William G. Park.
The following is a condensed statement of condition of bank at the close of business, May 5, 1922 :
RESOURCES
LIABILITIES
Loans and Discounts ....
$401,152.74
Capital
$100,000.00
U. S. Bonds to Secure Circu- lation
60,000.00
Circulation
60,000.00
U. S. Bonds.
29,950.00
Deposits, Banks
33,215.79
Other Bonds and Securities.
75,670.00
Deposits, Individual
526,198.63
Banking House and Fixtures
36,500.00
Certified Checks
220.00
Exchanges and Cash Items ..
15,900.07
Discount Collateral but not
Earned .
1,783.51
Cashier's Checks
1,700.00
Cash in Vault and Net
Amount Due from National Banks
114,049.61
Due from U. S. Treasury ...
3,000.00
Interest Earned but not Col- lected
2,767.20
$775,995.38
$775,995-38
Due from Federal Reserve Bank
37,005.76
Surplus and Undivided Profits
52,877.45
The bank occupies a handsome structure on Shetucket street, erected in 1913.
The Groton Savings Bank - The Groton Savings Bank of Mystic has for sixty-eight years conducted its business in the bank building on West Main street, Mystic, which it has for the same period of time occupied jointly with the Mystic River National Bank, organized three years earlier. Like that institution, under whose fostering care its youth was passed, the Groton Savings Bank has been an important factor in the upbuilding of the town,
445
BANKS
and its usefulness has found strength and prosperity. The bank has had but three presidents, Henry B. Noyes being the present incumbent. Five treas- urers have served the bank, three of these by name, Noyes. The presidents have been Nathan G. Fish, William Clift, Henry B. Noyes. The treasurers have been George W. Noyes, Henry B. Noyes, Abel H. Simmons, Ira C. Noyes, and Jesse B. Stinson, the last named being the present treasurer (1922). The trustees at the present time are: E. D. Evans, C. H. Latham, Charles W. Lamb, Frederick Denison, John W. Phillips, Jesse B. Stinson, H. B. Noyes.
The prosperity the bank enjoys is best expressed by the following state- ment made to the banking department, June 1, 1922 :
ASSETS
Industrial Bonds
20,500.00
Loans to Towns ..
55,000.00
Loans to School Districts ...
7,000.00
United States Bonds.
76,620.13
Totals $1,948,828.50
State Bonds
45,000.00
LIABILITIES
City Bonds
557,762.50
Deposits
$1,752,932.75
Railroad Bonds
523,350.00
Surplus
177,171.04
Railroad Stocks
750.00
Profit and Loss
18,724.71
Bank Stocks
60,750.00
Expenses
317.16
Totals $1,948,828.50
Loans on Real Estate.
$541,275.00
Victory Notes
14,891.56
Cash in Bank, viz. 45,612.15
The Chelsea Savings Bank-Under an Act of the General Assembly, May session, 1858, Section I, Erastus Williams, John Dunham, Henry B. Norton, I. M. Buckingham, Lorenzo Blackstone, John T. Wait, David Smith, Elijah A. Bill, James M. Huntington, Gurdon Chapman, Augustus Brewster, Moses Pierce, John W. Stedman, Henry Bill, John S. Lester, Edward H. Learned, Learned Hebard, Henry H. Starkweather, Ralph Hurlbutt, William W. Backus, Comfort D. Fillmore, S. T. Holbrook, James A. Hovey, Samuel H. Grosvenor, Timothy P. Norton, O. J. Lamb, John P. Barstow, William P. Nash, Alfred A. Young, Dwight Bailey, William Smith, W. R. Wood, Henry Hallett, N. B. Williams, William E. Baker, Jeptha Geer, Thomas A. Clark, Dudley R. Wheeler, and Walter Peck, were incorporated by the name, style and title of "The Chelsea Savings Bank."
At a meeting of the incorporators, held June 28, 1858, these officers were «lected: Lorenzo Blackstone, president; David Smith, Learned Hebard, Henry Bill, vice-presidents; I. M. Buckingham, Elijah A. Bill, Comfort D. Fillmore, John T. Wait, Gurdon Chapman, S. T. Holbrook, Erastus Williams, directors ; John Dunham, secretary-treasurer ; James A. Hovey, attorney.
For about a quarter of a century, Lorenzo Blackstone and Henry Bill continued as president and vice-president, Mr. Bill then succeeding to the presidency. The third president was General Edward Harland, his successor being John C. Averill, who in turn gave way to the present incumbent, Charles E. Chandler, who was elected in 1919. The original attorney for the corpora- tion, James A. Hovey, held that relation to the bank until his elevation to the bench of the Superior Court of Connecticut, his former law partner, John M. Thayer, succeeding him as attorney. The first treasurer, John Dunham, only
446
NEW LONDON COUNTY
served until January 28, 1859, when Othniel Gager was elected to that office. He seems not to have served, and in September, 1859, was succeeded by Charles M. Coit, then barely twenty-one, but so capable and so esteemed by the bank officials that when in September, 1861, he enlisted in the Union army, the trustees in highly complimentary resolutions declared that the position should be kept open for him. This was done, and Colonel Coit upon his return from the war was unanimously elected to his former position. He served with great acceptability until suddenly called hence by death, July 3, 1878.
The home of the bank was in the Merchants Hotel building until April, 1864, when quarters were secured on Shetucket street, which were occupied until 1909, when the bank building was so badly damaged by fire that the erection of a new modern building, large and imposing, was decided upon. The present building. most splendidly located and planned, was finished and occupied in November, 1911. The first deposit was made over the counter of the Chelsea Savings Bank on July 1, 1858, in the name of Julia O. Bill, the amount being $100. On March 1, 1922, deposits in the bank had reached the great total of $10,704,234.23, and the bank assets on that day touched $11,388,137.68, the surplus $500,000, with a profit and loss account of $183,- 903.45. A study of the accompanying report is interesting :
President, Charles E. Chandler ; vice-presidents, Henry G. Peck, Oliver L. Johnson. Willis Austin. Directors-Archibald Mitchell, Grosvenor Ely, James C. Macpherson, Frederic W. Cary, Frank Hempstead, Frederick W. Lester, Andrew B. Davies, Arthur M. Brown, Howard L. Stanton. Secretary and treasurer, Frank Hempstead; assistant secretary-treasurer, James Dana Coit ; attorney, Wallace S. Allis. Members of the Corporation-Henry H. Gallup, Samuel N. Morgan, Charles E. Chandler, Winslow T. Williams, Archibald Mitchell, Frank H. Allen, George H. Loring, Jeremiah J. Desmond, George E. Parsons, Frederick T. Sayles, Calvin H. Frisbie, Witter K. Tingley, Edwin A. Tracy, Frederick W. Cary, Henry F. Parker, Julius W. Cadden, William H. Allen, John D. Hall, Leonard O. Smith, Joseph D. Aiken, Philip T. Welles, Martin E. Jensen, Joseph H. Hall, Frederick W. Lester, Henry G. Peck, George O. Stead, Willis Austin, Wallace S. Allis, Ernest H. Crozier, Howard L. Stanton, Charles E. Lamb, Oliver L. Johnson, Grosvenor Ely, James C. Macpherson, Frank Hempstead, Arthur M. Brown, James Dana Coit. Ralph H. Melcer, Percival W. Chapman, Andrew B. Davies, Jacob Munz, William I. Allyn, Arthur C. Brown, William H. Collins, Herbert M. Lerou. William H. Oat, L. Henry Saxton.
Statement. March 1, 1922:
ASSETS
Loans-Real Estate $3,777,661.00
Loans-Cities and Towns ...
35,000.00
Banking House III,140.19 Loans-Collateral 132,077.75
Insurance and Taxes 175.00
State Bonds 95,000.00
Bonds of Foreign Countries. 1,28,024.00
Municipal Bonds
569,219.70
Public Utility Bonds
430,140.00
Railroad Bonds 3,751,025.00
Eqiupment Trust Obligations 63,000.00
Bank Stocks 103,480.00 Loans-Personal 4,125.00
United States Bonds 717,650.00
Bank Acceptances 278,479.66
Cash in Bank and on Hand .. 191,340.38
$11,388,137.68
·
447
BANKS
LIABILITIES
Profit and Loss. 183,903.45
Deposits . $10,701.234.23
Surplus
500,000.00 $11,338,137.68
Henry H. Gallup, who became a member of the corporation in 1875, is the oldest in point of years of service of any one connected with the bank (1922). The oldest officer of the bank in point of years of service is Frank Hempstead, who entered the employ of the corporation in 1878, and is the present secretary-treasurer.
The Mariners Savings Bank of New London-In 1917 the Mariners Savings Bank of New London, Connecticut, celebrated its fiftieth anniver- sary. From the souvenir booklet issued by the bank in that year the follow- ing facts concerning organization are taken :
Fifty years ago, at the May session of the General Assembly, the Ma- riners Savings Bank of New London was incorporated. Thomas M. Waller, then a practicing attorney, was responsible for the movement which culmi- nated in the organization of the bank on July 29, 1867, the following being the incorporators: William H. Allen, Christopher Allyn, Erasmus D. Rogers, F. H. Chappell Co., T. M. Waller, C. S. Holt, John A. Tibbits, Theophilus Brown, Daniel Latham, Henry P. Haven, C. W. Strickland, Elias F. Morgan, Richard H. Chappell, Ebenezer Morgan, Henry R. Bond, George C. Benja- min, F. L. Allen, John M. Chapman, John Dennis, A. N. Ramsdell, William C. Gorton, Samuel Green, Charles D. Boss, Jr., Rial Chaney, Charles Miner, Benjamin Stark, C. C. Comstock, J. N. Harris, Robert A. Morgan, O. Wood- worth, Charles Howard, Samuel P. Smith, Edward Church, Henry Williams, James Griswold, J. T. Shepard, William H. Barnes, Leander Williams, Eras- mus D. Avery, Richard P. Huntley, William L. Peckham, Charles M. Daboll, J. C. Avery. Nearly every one of these men was in some way connected with the whaling business, which at that time was the chief industry of the town.
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