One hundred years of growing with Provincetown : 1854-1954, Part 2

Author: First National Bank of Provincetown (Mass.)
Publication date: 1954
Publisher: Provincetown, Mass. : The author
Number of Pages: 52


USA > Massachusetts > Barnstable County > Provincetown > One hundred years of growing with Provincetown : 1854-1954 > Part 2


Note: The text from this book was generated using artificial intelligence so there may be some errors. The full pages can be found on Archive.org (link on the Part 1 page).


Part 1 | Part 2


In 1896, 780 children attended classes in seven Provincetown schools. Teachers received $1.00 a week. The Superintendent of Schools: $34.12 a month. But, prices weren't high, either. D. A. Matheson's advertised men's suits and overcoats from $3.95; boys' suits and overcoats from 95c.


These were the days of the "accommodations": horse-drawn carriages, later succeeded by open-air buses, that traveled up and


golden summer days 15


down the Town carrying whatever the Town wished carried. Did the Town wish whipped cream pies or bags or medicine or children carried from here to there? It was done. Did Mrs. Smith want to stop at the store and perform an errand; or drop in at Mrs. Jones for a moment to deliver a message? The accommodation waited. And, if Mrs. Smith was busy and couldn't get to the store herself, why, the driver would stop at the store and do her shopping for her! They were accommodations: a dime could take you any place in Town. It's a shame they have passed.


It didn't cost much to enjoy yourself in Provincetown during the 1890's and early 1900's. For this reason, among others, an "in- dustry" which began in the '50's began to develop muscles.


The August 5, 1897, issue of the Boston Traveler carried good advice to cyclers who desired to roll down the Cape to the Tip End. "The fishing and shipping industries are practically the only ones that produce wealth at the toe of the Cape, although the business of caring for the summer boarder bids fair to become predominant. The Town supports three or four hotels and an endless supply of summer boarding homes from June to September. No better place exists in which to spend a lazy, quiet vacation".


They came by bicycle, train and packet. Ex-president Grover Cleveland came to spend a quiet vacation at the Tip of the Cape. Others came to stay at a hotel for $7 a week, including meals. Some to stay in one of the boarding houses and dine out:


President Theodore Roosevelt lays the cornerstone of the Pilgrim Monument, 1907.


golden summer days


16


supper 50c. Some came to spend a "lazy, quiet vaca- tion". Some, like William N. Chase, came to paint and in painting fell in love with Provincetown. When Chase returned to New York his en- thusiasm infected his pupil, Charles W. Hawthorne. In the summer of 1897, Haw- thorne began his Cape Cod School of Painting. It was to bring renown to him and to Provincetown.


Here in the midst of the Atlantic was to be found a new world for city-bound people. Leaving behind them the gray stone of city streets and buildings, the noise and dirt of the city, they found here peace, clean air and time to think. They found ex- hileration in the beautiful brooding, wind-tossed dunes. They found enchantment in the wharves and sailing ships. They found a bit of the Old World in the Portuguese and their customs. Here were scenes to paint in a quality of light found nowhere else; stories and plays to write.


Horse-drawn accommodation on Com- mercial at Standish Street.


Town Hall before Ryder Street was widened.


The Train comes to Town-1900.


Provincetown, which had been isolated for so long, was losing its isolation. Whether as a result of the stimulus of summer visitors, or as some say, as a result of the influence of the women-folk on their men, the Town became cultural-minded.


The Boston Grand Opera House Company presented "The Vendetta" at Town Hall, July 16, 1897. Reserved seats: 50c. A year later, Masonic Hall resounded to the "Alabama Troubadours" and the "Jubilee Singers". Recitals were held with soloists coming down from Boston in mid-winter to perform. The Advocate carried


golden summer days


17


short stories and a series of articles on different religious faiths and commentaries on artists and their works.


The Mayflower Pilgrim Association of Provincetown was organized in 1892 by Moses N. Gifford, Howard F. Hopkins (editor of the Advocate), both Directors of the Bank; Joseph H. Dyer, Cashier of the Bank; James H. Hopkins, James Gifford, and Arte- mus P. Hannum.


The Association's efforts bore fruit one summer day in 1907, when Theodore Roosevelt, President of the United States, stepped ashore from a Navy cruiser to lay the cornerstone of the Pilgrim Monument. Later in the day, the President spoke to the fishermen at a meeting in the Odd Fellows Hall, at which he expressed a wish to go with them to the Banks. Presidential visits make their im- pression on any town. Provincetown was no exception. When Presi- dent Roosevelt arrived he was escorted by seven battleships. When the President touched his trowel to the cornerstone, the battleships fired a salute. The Advocate reports a considerable breakage of glass: windows broken by the concussion of the salute.


Three years later, in 1910, President William H. Taft arrived aboard the presidential yacht Mayflower to dedicate the monument to the Pilgrims. Among the notables present on that August 5, were Senator Henry Cabot Lodge, Governor Draper, Dr. Charles Eliot, and the Netherlands Charge d'affaires, M. Van Weede.


The Town was branching out, maturing, developing and re- building-all at the same time. From a village with a single-minded devotion to fishing, Provincetown was, by 1910, a cosmopolitan President William Howard Taft arrives at Railroad Wharf from the Yacht Mayflower to dedicate the Monument-1910.


18


golden summer days


Moses N. Gifford, President, Joseph H. Dyer, Cashier, and Isaiah A. Small, Bookkeeper, prepare for the business day-1905.


town with many different interests. The Board of Directors of the Bank reflect this change very clearly. In 1854, not a single Board member had his occupation outside the Fishing and Shipping indus- try. Fifty-six years later only one was engaged in that field. The others were merchants, inn keepers, painters and contractors. Their interests were the arts, politics, the sea, clothing and cold storage.


If the Bank had shown little investment interest in rebuilding the fleet the reason lay in its ship-owner president: Stephen Cook, who succeeded Nathan Freeman II in 1876. Cautious by nature, Cook had seen the battle between the giants engaged and watched Provincetown go down before Boston and Gloucester. He knew the sea and he knew fishing. He knew that Provincetown methods of fishing could not compete with the "take-all" of the draggers. He looked about for a new "industry". Under his guidance and that of his successors, the Bank turned its attention to the development of Provincetown: Summer Resort. Two strings to a bow are always better than one. The Town had suffered with but one industry; now let us develop another was the feeling of the Town. Town and Bank worked together. Cottages as well as restaurants were built.


The summer visitors came and filled them and the boarding houses as well. And-some filled shacks along the "Back Side".


golden summer days


19


Mary Heaton Vorse' old fish-house, first Provincetown Players Theatre, now washed into the sea.


J UNE 16, 1914: the Advocate reported that President Wilson had been invited to attend the opening of the Cape Cod Canal on July 29; and the organization of the Provincetown Art Association. Moses N. Gifford, Bank president and director, was elected Corres- ponding Secretary; and Simeon C. Smith, director, to the Executive Committee. Out on the "Back Side" two men were wrangling over one man's talent.


They were Terry Carlin and Eugene O'Neill. O'Neill, the shy, serious writer of plays. Carlin, the boisterous anarchist. Both bent on creating.


It was as though the whole Town was bent on creation. In an old fish-house owned by Mary Heaton Vorse, Lucy L'Engle painted, Viletta Hawthorne Bissel had her class in sculpture, and the Pro- vincetown Players worked at a new theatre. A club of artists, writ- ers, musicians, poets, playwrights and townspeople interested in those fields was formed.


Susan Glaspell, George Cram Cook, Hutchins Hapgood, Wil- bur Daniel Steele, Jack Reed, Harry Kemp, William Gaston; archi- tects, painters, playwrights and writers: the Dos Passos, Shays, Whorfs, Hoffmans, Dickinsons, Moffets, Farnsworths, Waughs, Halsalls, Bohms, Brownes, Knaths, Millers, Paxtons and Hunts- the listing could go on and on. They painted and wrote, acted and


artists, writers and craftsmen 20


talked in every media on every subject. They came to think and work. They stayed to think, work and live. They came as youths and remained as mature artists, somewhat dissatisfied, sensitively searching, building a new world.


The period just before the first World War was an idyllic one. War was imminent, yet no one believed it. An entirely new concept of life was imminent, but it was still but dimly seen, shrouded in the future.


There was much playing about the edges of that future, but little was written that gauged it clearly. Then, Eugene O'Neill brought a play to the Provincetown Players and sat in the next room while Frederick Burt read it. "Bound East For Cardiff" was the play and a new American Theatre was born.


Eugene O'Neill, the Theatre, America and Provincetown had entered a new era. The Golden romantic haze of drifting in the half-world of the early 1900's was over. Now, we entered a new life.


For twenty years the era launched so boldly on the "Back Side" raced at breakneck speed. It opened with the tragedy of war and closed in the tragedy of depression. Between was a madcap in which all the standards of the previous decades were turned up- side down. When the depression of the thirties came, the Town realized it had a tremendous hangover. In this respect it was just like all the rest of America.


Grand-Bank schooners prepare to sail.


artists, writers and craftsmen


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A few years after O'Neill electrified the Theatre World, a change in the Bank staff was made. In 1918 the Bank found itself in need of an extra man-for a short time only. A man was found in a bank up the Cape and bor- rowed for two weeks. He stayed 35 years. Elected Cashier of the Bank in 1918, a Director that same year, and Children play on the ice. Provincetown Harbor-1894. President in 1936, Horace F. Hallett is the young man borrowed for two weeks back in 1918. The Bank made other changes. Since its organization the Bank had been a purely commercial institution. Now, in 1918, it decided to offer new services to its customers. A savings department was opened; and, the Bank acquired Trust Powers in order to act as Executor or Administrator of estates, or Trustee under wills, etc., as they had so often been requested in the past. And, in 1919, a Christmas Club was started. The Bank was increasing its services to the community.


Three-hundred Provincetown men marched off in answer to World War I draft calls for 38 to "Save the World for Democracy". There was little flag-waving or parading. Instead, Tip-Enders lined up at the Bank to purchase Liberty Bonds, knitted and sewed at Red Cross meetings, and, itself, suffered the ravages of war.


In the Civil War Confederate raiders decimated the whaling fleet. Six proud and beautiful schooners fell in the two-year period of American participation in World War I: three to submarines, three to a storm. With them went three great rivals: the Annie Perry, queen of the fresh fishermen, Manuel Enos, Captain; the Rose Dorothea, winner of the Lipton Cup, Marion Perry, Captain; and the Jessie Costa, rival of them both, Captain Souza. It was as though Fate had reached in her hand and seized these great ships commanded by great captains, saying "Your day and the day of your kind is done! You've outlived your era".


Schooners would sail out of Provincetown for years to come, but, henceforth it would be motor ships that dominated the fleet. The last of this proud breed, the Mary P. Goulart, sailed out of the Harbor one day in 1939, a still-proud, still-great fresh fisherman. She returned the following year under an assumed name as a drag- ger. It was as though she could not bear to be recognized.


artists, writers and craftsmen


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perhaps, no one single area of the United States contains as many people working in the arts and sciences in rela- tion to population as does Provincetown. Fifteen Pro- vincetowners are listed in Who's Who - a remarkable record for a town of its size.


Among them are Dr. Van- nevar Bush, noted scientist, and Admiral Donald B. Mac- Millan, noted Arctic explorer. And, as today, in the early post-World War I days the Admiral was engaged in study- ing the frozen north.


Even as the Admiral went quietly about his business, so also did the Town. The sum- mer trade was profitable, but innkeepers, hotel people and boarding houses weren't get- The Centenary Church stood where the Bank now stands. This old church was destroyed by fire and replaced by the building shown on page 30. ting rich. The Town wasn't in the doldrums, becalmed and standing still. Nor was it riding the crest. Rather, it was building, slowly and surely. No crystal palaces or Atlantic City type board- walks were wanted. Instead, the path chosen by the Town led to fame as a center for painters, sculptors, writers and craftsmen. And people came.


There were two kinds of people who came. There was the "summer visitor" and there was the "tourist". A great difference existed between them.


The summer visitor loved the Town. He either bought a home in which he and his family lived throughout the summer and into the fall, returning to the city only when business called or it was time to get the children back in school, or, he "visited" a month or two at one of the hotels or summer boarding houses. He became a friend and the Town looked forward to seeing him return the fol- lowing year.


He asked only for Provincetown-the people, the sea, the sands and beautifully clear light of the Provincetown sky.


artists, writers and craftsmen 23


The tourist was a thing apart. With two weeks to SFIRST N VAL spend away from job and city he wanted to pack as much in- to those 14 days as he could. He was a frantic person. Dashing to the beach, dashing to dinner, dashing out on the In 1921 the Bank underwent considerable remodeling. The result, shown above, is now occupied by a summer shop. wharves, and, in 1920, 22,000 of him dashing to the top of the monument to have a dashing view of the harbor. The leisurely ways of the townspeople were "quaint" to him and he'd return to work shaking his head sadly over how slowly these people lived.


But, they came-summer visitor and tourist-in ever increas- ing numbers. Cottages were going up each year to take care of them. The Bank invested its funds in cottages, restaurants, gift shops and hotels. These were Provincetown's new industry.


And, the Bank got into the newspaper business. Howard Hop- kins, publisher and editor of the Advocate, Board member of the Bank, died in '28. The Bank was the administrator of his estate. Shortly after the funeral the telephone rang at the Bank. "What are we going to do about the paper this week?" asked an excited female voice. "We have to publish a paper. It'll be the first time in sixty-three years that the Advocate hasn't come out! You know what that'll do to its value. We just have to get a paper out". A part of the paper's value lies in its uninterrupted years of publica- tion. Whenever possible every step is taken to prevent missing an edition. So, after a slight pause, a voice came from the Bank end of the line, "Well, publish it then". Published it was, and as soon as possible the Bank removed itself from the newspaper business.


With 1929 came the big crash. When speculation cut the bot- tom out of the stock market and unemployment, poverty and bread- lines grew in the industrial centers, Provincetown was in better shape than most towns. While cold storage plants and fishermen threw or gave away fish that people could no longer afford to buy; while cold storage plants often received bills for freight in excess of the value of the fish they had shipped and boats stayed at their wharves because fish cost more than they could be sold for, the "second string to the bow" kept some money coming into Town.


No one starved to death here. There were no apple sellers on the corners. No one committed suicide.


artists, writers and craftsmen 24


It was a time of bide-awhile. Wait it out. Don't spend money you don't have to. It was a time of conservatism, the training of generations of Cape Codders.


The end of 1931 brought two decisions by the Bank Di- rectors. Salaries due them for the last quarter of the year were omitted and the officers were directed to get the Bank into a liquid condition as soon as possible.


The latter decision was an exceptional one. More than 5,100 banks with deposits in excess of three billion dollars had failed by 1932. Within the next year 21 states were to pass bank moratoria acts in an effort to delay this mas- sive failure of bank solvency. The action taken by the Bank officers is especially note- worthy when viewed against the national background. While other banks were drift- ing into insolvency, the Pro- vincetown Bank was putting its house in order by getting into the most possible liquid state as quickly as possible.


In this shack Eugene O'Neill wrote "Bound East For Cardiff", "Isle" and "The Hairy Ape". Now washed into the sea, it stood on the "back side" among the dunes.


4892


A portion of today's modern Provincetown fishing fleet rides at anchor. The Bank aided in financing of this fleet.


By late 1932 banks were failing rapidly. It was like dominos: one falls, pushing over each successive one until none stand. 2025201


The giant Bank of the United States came crashing down in the worst financial disaster in America's history. Other banks, with deposits in that bank, were unable to open their doors. The nation's economy stood teetering on the brink of insolvency and ruin.


Newly inaugurated President Roosevelt moved swiftly. The nation's remaining banks were ordered closed in a bank holiday as of March 5, 1933. The executive order was signed well after mid-


artists, writers and craftsmen


25


night and at the opening hour of the Bank, was still unknown in Provincetown. The Cashier was preparing for the day's business when a State Trooper walked in. "Are you in charge here?" he asked. Answered in the affirmative, he said, "You will have to close your doors. The President's declared a Bank Holiday". A telephone call to Boston confirmed the Trooper's words. The Bank closed that day in a more liquid condition than at any time in its history !


All day long Provincetowners who wished to deposit money, a reversal of the national trend where long lines of withdrawers appeared before many banks only to be turned away, had to be told the Bank was closed. People were angry but there was nothing that could be done about it. Still, they didn't want to keep money around the house that ought to be deposited in the Bank where it would be safe. So, their money was placed in envelopes and put away in the vault. Not deposited, of course, for the Bank was closed, but left for safe keeping!


On the 15th of March the Bank was granted a license to re- open for unrestricted business. That was the first day that banks were allowed to reopen anywhere in the Country. That morning found Bank employees taking money out of the vault-money "left" by depositors who "couldn't deposit" officially-because the Bank was closed; counting it and placing it in the proper accounts. All over the Country, people rushed to their banks on the 15th to withdraw money. In Provincetown, they deposited it. The action of the Board of Directors over a year before had insured the solvency of the Bank when others were unable to open March 15, 1933.


Today, the home of the First National Bank of Provincetown is this modified Cape Cod design building located at Winthrop and Commercial Streets.


26


artists, writers and craftsmen


. If Walter Smith, the Town's last full-time Crier (who retired in 1930) had been striding down the streets a decade later he might have called out "War Declared". And, in the same breath "Depres- sion Ended"' For it was war that brought an end to depression.


The Nation had been struggling upward since 1935, but millions re- mained unemployed in 1939. Over the Nation, though, there was hope in the air. Men felt they could be- gin to plan again. The breadlines and apple vendors had disappear- ed. Only W.P.A. and P.W.A. and C.C.C. remained. In 1939 Germany invaded Poland, alerting America to danger. The Nation began re- building its strength. Unemploy- ment and the alphabetical welfare agencies ceased.


People had money again: money to improve themselves, to buy the things they needed and wanted. They had money to take vacations. They were buying fish at prices that allowed the fisherman to make a little money. Summer people were coming into Town in ever increasing numbers. New restaurants opened. Gift shops expanded. New craft shops appeared. Cottage colonies bloomed.


With war and increasing strains and tensions in the cities; with sixty-hour work weeks and calls for more, more, more, and still more, Provincetown was a beckoning haven of relief to tired minds and bodies, and the summer people came.


They relaxed as furiously and frantically as they had worked. Out to the beach for a swim, back for lunch; a dash to the dunes, back for cocktails; up and down the streets; in and out of shops- looking, buying-"I love this ... ", "I'll take that ... "-in for dinner, out to the wharf to look at the fishing fleet: a tense, frantic people looking for relaxation.


into today - 1954 27


303036303C3


113036303


033300388888


JE2


BOARD OF DIRECTORS, 1954


Front row from left: Daniel C. Merrill, Horace F. Hallett, president; William T. Mayo, cashier. Back row : Joseph Duarte, Cyril W. Downs, Bernard C. Collins.


Nor were they the only ones working furiously. The fleet couldn't catch up with demand. Fish prices went up. A whole new fleet was a-building. For the first time in fifty years the fishermen could compete with Gloucester and Boston. The Bank backed them, helping finance new ships and trips after fish. Many an owner paid for his new ship in a year-two at the most. It was a fast, powerful fleet, and, as beautiful as the Georges clippers.


Rationing brought problems to the Bank, too. By 1942 almost all commodities such as meat, butter, sugar, gasoline, oil, etc., were rationed. The Bank was designated to handle the ration coupons and tokens for the Government Rationing Board in this community, resulting in a great deal of work, but work cheerfully undertaken as a public service. But rationing had a humorous side, too, for the Bank. As oil rationing became tighter, it became impossible for the Bank to obtain enough oil to keep the place warm. So, the Board voted to buy a pot-bellied railroad type stove-the kind you see in old depots-which burned coal. Placed in the lobby it, too, did its "cheery" best to help out during the oil shortage.


With the end of the war Provincetown faced a new future. During the war the old fleet had become a new one. Cottages, hotels,


into today - 1954 28


BANK STAFF, 1954


Front row from left: Helen G. Valentine, Janet Foster. Center: Stanley C. Snow, assistant cashier ; Horace F. Hallett, president; William T. Mayo, cashier. Back row : Josephine A. Blanchard, Loretta A. Steele, L. Dow Baker II, William Hokkanen, Alice M. Fratus, Dorothea D. Smith.


boarding houses were filled and people had been turned away. Wait- ing lists were common. The road along Beach Point, barely ade- quate before the war, now was congested and an irritation to drive.


New crafts shops sprung up in every nook and cranny. Weav- ing, silver-making, brass-working, leather-working, sandal-making, pottery-throwing and driftwood creations - up-along and down- along the craftsmen worked and displayed their wares to the sum- mer visitor. And, the Bank financed them, too.


The end of the war saw changes at the Bank, too. In 1948, the Directors voted to establish a retirement pension plan giving all its employees a pension when they retired at 65. That same year the old Centenary Church property was purchased as a site for a new bank building. In 1950, the new building was completed and an Open House was held. Over 2,000 people attended. One of them was a little careless with a cigarette, tossing it into the janitor's closet in the basement. A fire resulted doing damage of more than $1,000 to casements, doors and walls. But, the Bank opened for business


into today - 1954


29


This year for the seventh time, the Provincetown Fleet will pass before the Bishop to receive his blessing.


on time the next morning just as though there had been no fire at all.


Today, the Bank reaches out again in an effort to be of service to an ever expanding community. This year work will be completed on a Branch in Wellfleet, the first commer- cial bank in that area. Of Colonial Cape Cod architec- ture, the new Branch brings to Wellfleet all the services of the Bank except safe deposit Centenary Church was purchased for the present site of the First National Bank of Provincetown. boxes. Located on Route 6, the new Branch will be convenient to Wellfleet and adjoining com- munities as well as to the summer visitors.


And now it is 1954. Visitors are pouring into Town. The pas- senger train is gone now, but scheduled flight service brings them in to our airport. The new road is being built from Truro to the New Beach. Soon, down it by car and bus will come new visitors. Some will love us and swell the hundreds of thousands to whom Provincetown is synonymous with Paradise. Some will make Prov- incetown their home.


30


into today - 1954


This Fall the Wellfleet Branch of the Bank will be completed. As can be seen from this architect's drawing, the building will be an attractive example of Cape Cod design.


From up-along to down-along every day finds some new evidence that the Town's second industry is also its leading indus- try. Each day finds some additional cottage or shop. Nor are cot- tage and shop people the only ones who prepared for 1954. This spring fishermen prepared for their seventh annual Blessing of the Fleet. On July 4th, all the boats were freshly painted and hung with gay pennants and flags. Slowly, they passed before the Bishop to receive his blessing. An Old World custom at the Cape Tip.


Nineteen Hundred and Fifty-Four. A hundred years have passed in these pages. Now, we look forward into a second hundred. It begins as did the first hundred-in a spirit of close cooperation with the community. Our community grows. Today, the Bank serves the Lower Cape from Wellfleet to Provincetown. In like manner, the community which was Provincetown is becoming a community of interest in which the whole of the Lower Cape is associated. We grow together. We firmly believe the year 2054 will find both Com- munity and Bank still looking forward to new growth and coopera- tive advancement; as they progress together.


into today - 1954


31


Officers and Directors since 1854


DIRECTORS


Nathan Freeman II


1854 - 1876


Joseph A. West


1888 - 1913


Daniel F. Small


1854 - 1855 William Matheson 1891 - 1896


and 1860 - 1861 Edwin N. Paine 1891 - 1897


Isaiah Gifford


1854 - 1856 Angus McKay 1893 - 1908


and 1873 - 1888


John F. Snow


1896 - 1922


Joseph P. Johnson


1854 - 1858


Luther Nickerson 1897 - 1903


and 1865 - 1891


Benjamin H. Dyer 1897 - 1907


Henry Cook


1854 - 1893


Daniel F. Small


1903 - 1925


Enos Nickerson


1854 - 1867


George Allen


1906 - 1922


Eben Smith


1854 - 1873


Simeon C. Smith


1906 - 1921


Nathaniel Holmes


1854 - 1865


John A. Matheson


1908 - 1936


Joshua E. Bowley


1854 - 1873


Raymond A. Hopkins


1908 - 1924


Simeon Higgins


1855 - 1857


Irving W. Cook


1918 - 1921


John L. Lothrop


1856 - 1865


Horace F. Hallett


1918 -


*


Joshua Paine


1857 - 1891


Percival J. Eaton


1922 - 1938


William Stone


1865 - 1877


Richmond E. Slade


1923 - 1926


William Atkins


1867 - 1897


John A. Francis


1925 - 1934


Nathan D. Freeman


1873 - 1888


Collen C. Campbell


1926 - 1933


Nathaniel P. Holmes


1876 - 1906


Daniel C. Merrill


1928 - *


Barnabas Young


1877 - 1879


William T. Mayo


1934 - *


James Swett


1879 - 1888


Emanuel A. De Wager 1936 - 1953


John D. Hilliard


1888 - 1906


Cyril W. Downs 1937 -


George O. Knowles


1888 - 1909 Joseph Duarte 1953 -


Moses N. Gifford


1888 - 1918 Bernard C. Collins


1954 -


*Incumbent.


PRESIDENTS


Nathan Freeman II . Stephen Cook


1854 - 1876 Moses N. Gifford 1888 - 1918


1876 - 1888 John A. Matheson


1918 - 1936


Horace F. Hallett 1936 -


CASHIERS


Elijah Smith


1854 - 1867


Joseph H. Dyer 1890 - 1918


Moses N. Gifford


1867 - 1889


Horace F. Hallett


1918 - 1936


Reuben W. Smith


1889 - 1890


William T. Mayo


1936 -


ASSISTANT CASHIERS


Reuben W. Smith


1888 - 1889


George S. Chapman, Jr. 1922 - 1928


William R. Mitchell


1889 - 1915


William T. Mayo 1928 - 1936


Isaiah A. Small


1915 - 1945


Stanley C. Snow


1944 -


Stephen Cook


1858 - 1860


Howard F. Hopkins


1922 - 1928


and 1861 - 1888


William B. Bangs


1922 - 1923


Statements of Condition (Condensed)


1854


RESOURCES


LIABILITIES


Loans and Securities


$184,993.44


Capital Stock


$100,000.00


Banking House


3,700.00


Undivided Profits


7,526.13


Cash and due from Banks


13,716.65


Bills in circulation


65,922.00


Deposits


28,961.96


$202,410.09


$202,410.09


1954


RESOURCES


LIABILITIES


Loans and Discounts


$1,555,757.08


Capital Stock


$100,000.00


U. S. Securities


782,870.00


Surplus


100,000.00


Federal Reserve Bank Stock


6,000.00


Undivided Profits


38,109.77


Banking Houses


80,321.88


Reserves


20,330.59


Furniture and Fixtures


23,000.00


Deposits


3,571,574.41


Cash and Due from Banks


1,382,065.81


$3,830,014.77


$3,830,014.77


ACKNOWLEDGEMENTS


Grateful acknowledgement is expressed to the following for the assistance they have rendered in making this book possible: Wilbur M. Cook, Daniel P. Foster, Josephine Johnson, J. Arthur Lopes, George F. Miller, Jr., Katherine T. Nelson, Dean S. Sears, Nell Silvey, Louis M. Snow, Norman F. Somes, Donald G. Trayser, James A. Vitelli, and to the many others whose con- tributions were invaluable.


ONE HUNDRED YEARS OF GROWTH WITH PROVINCETOWN


was set in Caslon re-cut with initials in Trylon. The presswork was executed by the Patriot Press, Barnstable, under the direction of Richard B. Haskins. Color reproduction was by Perfex, Chicago. Photography and copying of old photos by Pat Hallett. End papers printed by offset by the Spider Web Press, Orleans. The binding material was especially woven for this edition by Hol- liston Mills and the binding was performed in Boston by the George Cole- man Company. The cover line illustration is by Edward A. Wilson. The format and text were the preparation of Gaylon Jay Harrison.


Four thousand copies of this book have been printed and the type remelted.


This is copy No.


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CAPE COD Fog Bell Ruta Point Light


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PROVINCETOWN 1858.


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Lang Point Light,


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