USA > Massachusetts > Suffolk County > Professional and industrial history of Suffolk County, Massachusetts, Volume II > Part 26
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 | Part 3 | Part 4 | Part 5 | Part 6 | Part 7 | Part 8 | Part 9 | Part 10 | Part 11 | Part 12 | Part 13 | Part 14 | Part 15 | Part 16 | Part 17 | Part 18 | Part 19 | Part 20 | Part 21 | Part 22 | Part 23 | Part 24 | Part 25 | Part 26 | Part 27 | Part 28 | Part 29 | Part 30 | Part 31 | Part 32 | Part 33 | Part 34 | Part 35 | Part 36 | Part 37 | Part 38 | Part 39 | Part 40 | Part 41 | Part 42 | Part 43 | Part 44 | Part 45 | Part 46 | Part 47 | Part 48 | Part 49 | Part 50 | Part 51 | Part 52 | Part 53 | Part 54 | Part 55 | Part 56 | Part 57 | Part 58 | Part 59 | Part 60 | Part 61 | Part 62 | Part 63 | Part 64 | Part 65 | Part 66 | Part 67 | Part 68
For many years the Globe Bank was located in the rather quaint looking granite structure, with portico and pillared front in the Doric style of architecture, which stood at the corner of State street and Wilson's Lane. The latter thoroughfare has of late years been widened and is now known as the extension of Devonshire street. From its original location the Globe Bank removed to 40 State street, where it remained until the latter part of 1892, when it removed to its present quarters in the building erected by the bank, corner of State street and Merchants' Row. The directors of the bank for 1892 are: Charles E. Stevens, C. (). Billings, Charles G. White, James L. Wesson, George Il. Ball, Charles Il. Cole, Horace H. Stevens, Henry Brooks and A. S. Bigelow.
Charles Sprague, the well-remembered poet, was so long connected with the Globe Bank that mention of either calls up memories of both. That gifted and exemplary citizen was born in Boston, October 26, 1791. and died here Jan. 22, 1865. At an early age he left the schools of this city to acquire a knowledge of trade, and in 1812, at the age of twenty- one, he commenced the business of merchant on his own account, and continued in it till the year 1824, when he was elected cashier of the Globe Bank. He now divided his attention between the notes of Par- nassus and those of the financier. While fingering the notes of the bank he found leisure to twang the lyre, and proved himself, like Fitz Greene Halleck, an expert at both. His banking duties did not pre- vent him from studying the works of masters of English poetry, nor from writing the admirable poems on which was based the reputation by which mainly he will be made known to posterity. llis first pro-
265
BANKING INSTITUTIONS.
duetions that attracted attention were a series of brilliant prologues, the first of which was written for the Park Theatre in New York in 1821. His " Shakespeare Ode" was delivered in the Old Boston Theatre, in Federal street, in 1823, at an exhibition in honor of Shake- speare. It is one of the most vigorous and exquisite lyrics in the Eng- lish language. "Curiosity " is the longest and best of his poems. It was delivered before the Phi Beta Kappa Society at Cambridge, in August, 1829. Several of his shorter poems evince great skill in the use of lan- guage, and show him to have been a master of the poetic art. When he wrote poetic addresses, he so invariably won from all competitors the offered prize, that finally he refused to write for a prize, declaring with great magnanimity that henceforth he would leave the field open to younger artists. He was an ardent admirer of painting, and his residence at the South End, where he dwelt for so many years, was a museum of pictures. Everywhere he was respected for his integrity and beloved for his kindness of heart. He was a man of ready wit, of which the following gives a good example: A stranger, it is said, once applied to him at the counter of the Globe Bank for his autograph, and asked him how much he would charge. "One dollar," replied the
cashier. The man tendered the dollar, and Sprague, who was fond of a quiet joke, handed him a one dollar note of the Globe Bank with his name on it as cashier! Mr. Sprague's son, Charles James Sprague, who succeeded his father as cashier of the bank, also paid court to the muses, but only to a limited extent.
The condition of the Globe National Bank, as reported to the comp- troller at the elose of business, March 6, 1893, was as follows:
RESOURCES.
Loans and discounts
$3,113,522.23
Overdrafts, secured and unsecured
3,899. 19
U. S. bonds to secure circulation
50,000.00
Stocks, certificates, etc
238,960,00
Due from approved reserve agents
306,225.18
Due from other National Banks
283,654 15
Due from State Banks and bankers
15,000.00
Current expenses and taxes paid
26,518.81
Premiums paid on U. S. bonds
5,500,00
Checks and other cash items
2,538.18
Exchanges for clearing-house
300,941.59
Bills of other banks
23,550.00
Fractional paper currency, nickels and cents
205.05
Specie .
216,000.00
34
266
SUFFOLK COUNTY.
Legal tender notes
134,000,00
Redemption fund with U. S. Treasurer (5 per cent. of circulation) 2,250.00
Total
84,772,764.38
LIABILITIES.
Capital stock paid in
$1,000,000,00
Surplus fund
65,500.00
Undivided profits. 92,714.47
National Bank notes outstanding. 45,000.00
Dividends unpaid
130.00
Individual deposits subject to check.
2,141,072.69
Demand certificates of deposit
64.490.48
Certified checks ..
122,402.37
Cashier's checks outstanding .
27.068.42
Due to other National Banks
969, 758.38
Due to State Banks and bankers.
34,627.57
Bills payable. 204,000.00
Total
84,772,764.38
WASHINGTON NATIONAL BANK.
The Washington Bank was the twelfth Boston bank chartered by the Massachusetts Legislature, and obtained its charter February 25, 1825. The original incorporators were: Daniel Baxter, William Doll, Thomas Hunting, Joseph P. Cooke, Jonathan P. Stearns, John Thompson, Thomas Brewer, Josiah Knapp, French & Weld, Aaron Baldwin, Benj. V. French, Charles Thacher and Windsor Fay. The bank was to con- tinue, according to its original charter, from the third Monday in March, 1825, to the first Monday in October, 1831. The capital was to be $500,000 in gold and silver, in addition to such amount as the State might eleet to subscribe. The first meeting of the stockholders of the bank was held at the Lafayette Hotel March 23, 1825, when the following officers and directors were chosen: Aaron Baldwin, presi- dent ; Henry Jacques, cashier ; Aaron Baldwin, Thomas Brewer, Samuel Bradlee, Joseph P. Cooke, Charles Davis, Windsor Fay, Oliver Fisher, Josiah Stedman, John Thompson, Daniel Weld, Moses Williams and Barnabas T. Loring, directors.
The Washington Bank was eminently a South End institution at the beginning, subscribers to its stock including such well known residents of that quarter of the city as were then represented by the names of John Parker, Justin Andrews, Benj. Atkins, Lemuel Brackett, Edward Bugbec, John I. Brown, Lewis Ballard, Hosea Ballou, Thomas Brewer,
26
BANKING INSTITUTIONS.
Thomas Carter, Stephen Child, O. W. Champney, David Dudley, Elias II. Derby, Luther Felton, Windsor Fay, Benjamin V. French, Jonathan Goddard, Benjamin J. Gilbert, George Hayward, William Hayden, James Hendley, Thomas Hunting, Barnabas T. Loring and John Lowell. The bank was first located in a building nearly opposite Beach street and near the spot where previously grew the famous " Liberty Tree." A short time thereafter it was removed to the com- paratively small but substantial structure built expressly for the bank at the corner of Beach and Washington streets. Many of our readers will remember that its granite front, with long steps, vestibule and cylindrical pillars, was fashioned in the simple " manly Doric " style of architecture. Here the bank was located for some twenty years, when experience proved it far better for the expanded interest of the bank that it should be located in State street, then and always the centre of Boston's banking affairs. It now has handsome quarters in the Ex- change Building.
The Washington has had only three presidents since its origin. Mr. Baldwin served till 1850, a period of twenty-five years, and was suc- ceeded in November of that year by Almon D. Hodges, who was fol- lowed by Eben Bacon, the present head of the bank.
There have been four cashiers, in the order named: Henry Jacques, Daniel A. Sigourney, Charles A. Putnam and W. Henry Brackett.
Some of the directors served for unusually long periods. Among them, Moses Williams, who was one of the original directors and re- mained so until 1866, a period of forty-one years. Josiah Stedman, also an original director, served until 1868. a period of forty-three years. Josiah P. Cooke, still another member of the first board, retired in 1866, after a term of forty-one years. Alanson Tucker was a direc- tor for thirty-two years. James H. Champney was an officer in the bank for many years, having entered its service in 1834.
The Washington became a national bank on January 1, 1865. Its capital is $:50,000.
The board of directors for 1892 is as follows: Eben Bacon, Edward 1. Brown, Caleb A. Curtis, John C. Inches, J. M. Pendergast, C. Minot Weld, James R. Hooper, William B. Lambert and Henry B. Chapin.
The financial condition of this bank, as reported to the comp- troller of the currency at the close of business March 6, 1893, was as follows:
268
SUFFOLK COUNTY.
RESOURCES.
Loans and discounts
$1,436,498.46
Overdrafts, secured and unsecured
41.13
U. S. bonds to secure circulation
50,000.00
Stocks, securities, etc 121,496.67
Due from approved reserve agents
111,428.69
Due from other National Banks
2.1,454.21
Current expenses and taxes paid.
22.538.50
Checks and other cash items 2,718.08
Exchanges for clearing-house .
15,815.68
Bills of other banks.
5,373.00
Fractional paper currency, nickels and cents
11.83
Specie
57.015.00
Legal tender notes.
26,000.00
Redemption fund with U. S. treasurer (5 per cent. of circulation)
2,250.00
Total
$1,875,650.25
LIABILITIES.
Capital stock paid in
-$ 250,000.00
Surplus fund
300,000.00
Undivided profits
54,679.55
National Bank notes outstanding
45.000.00
Dividends unpaid
162.50
Individual deposits subject to check
622,225.84
Demand certificates of deposit
12.11-1.26
Certified checks
6,196.75
Due to other National Bank
2.105.39
Due to State Banks and bankers
83,165.96
Total
$1,825,650.25
NORTH NATIONAL BANK.
The North, now the North National, was the thirteenth Boston bank, and was chartered June 18, 1825, with a capital of $500,000. William Little, William B. Bradford, Ebenezer Clough, llenry J. Oliver, Ezra Eaton, Theodore Dexter, Henry D. Gray, P. P. F. De- grand, "their associates and assigns," were the original corporators; the bank to continue till Monday, October 1, 1831. At a meeting of the stockholders, embracing such men as Amos and John Binney, Andrew Blanchard, jr., Joseph Ballister, Edward Il. Adams, Frederick Gould, David Henshaw, John D. Howard, William Little, Robert Lyon. Henry Orne, Thomas Power, William S. Rogers, David Thacher, and many others of the leading merchants and financiers of Boston of that day, held at the Hancock school-house on July 1, 1825,
269
BANKING INSTITUTIONS.
the following board of directors was elected: George Hallett, Henry Orne, Amos Farnsworth, J. B. Brown, John Gray, jr., Isaac Danforth, Robert Lyon, George Darracutt, E. H. Adams, and Thomas Thacher. At the same time John Binney was elected president and Gordon Steele cashier.
As an evidence of the judicious management of the North Bank dur- ing the earlier years of its existence, its history during the memorable panic of 183: furnishes a striking incident. In common with other Boston banks it was compelled to suspend specie payment on the 12th of May of that year, but the bank stood stronger at that moment than at any previous period. During the whole of that crisis in financial affairs the North Bank did not lose a single dollar by any loan, nor did it have a single piece of paper which had been dishonored during that period; in fact, though its business was moderate, the profits even enabled it to pay a dividend in October, 1831. A report of the direc- tors at this time declared that the bank was in a condition to join with any other banks to bring about a return to specie payment, and that it was in great degree owing to the skill and judgment of the cashier, Gordon Steele, and his associates, that "amid the wrecks around them " they were able to make so favorable a statement of the bank's affairs. The honorable exhibit then made was in pleasing contrast with that of the banks which went under never to rise again, and whose alleged mismanagements were subjected to the caustic reviews and censure of the Boston journals of that day.
The original location of the North Bank was at 26 North Market street. In 1843 it was moved to the Merchants' Exchange Building in State street ; in 1864 to 18 Kilby street ; subsequently to 53 Devonshire street, and since June, 1844, its location has been, as at present, at the southeast corner of Franklin and Devonshire streets. Its capital was increased to $250,000 in April. 1859, and has since been increased to $1,000,000. It became the North National Bank on October 6, 1861. and at the first meeting of the stockholders held thereafter, on January 10, 1865, the following men were chosen directors, each receiving the whole number of votes cast, 1504: Charles G. Nazro, Elijah Williams, Henry T. Dulund, James O. Safford, George Whitney, Leonard S. Jones, John Worcester, and Rufus S. Frost.
Annexed is a list of the presidents of the North Bank and dates of their terms of service:
270
SUFFOLK COUNTY.
John Binney,
from Aug. 12, 1825, to Apr. 29, 1833.
Isaac Danforth,
.. Apr. 29, 1833, " Jan. 13, 1834.
John W. Toull, Jan. 13, 1834, " Oct. 11, 1844.
James Harris, Oct. 18, 1841, " Mar. 19, 1850.
Oliver Eldridge, "' Mar. 19, 1850, " Oct. 30, 1855.
Charles G. Nazro, .. Oct. 30, 1855, " " 26, 181.
Elijah Williams,
26, 1871, " Nov. : , 1811.
Chandler R. Ransom, Nov. 2, 1821, " Jan. 12, 18;5.
George Whitney,
Jan. 12, 1815, " " 10, 1882.
John B. Witherbec, 65 " 10, 1882, " Oct. 4, 1891.
Rufus S. Frost, Oct. 8, 1891, " present time.
Mr. Frost has been connected with the bank as a director ever since 1863.
The cashiers in order of service have been as follows:
Gordon Steele, from Aug. 15, 1825, to Nov. 2, 1843.
John J. Loring, " Nov. 2, 1843, " July 1, 1850.
John B. Witherbee, " July 1, 1850, " Jan. 10, 1882.
Edward A. Burbank, " Jan. 12, 1882, " present time.
Mr. Burbank entered the employ of the bank in 1864, and enjoys a well-earned reputation as a careful and conscientious officer. The administration of President Ransom was characterized by an increase of business unprecedented in the history of the bank. President Witherbee died October 4, 1891, and " in the harness," as it were, after having faithfully served the bank for a period of fifty-four years. Will- iam Il. Learned, the present vice-president of the bank, a well-known and active business men, has served in the board of directors since 1814.
The board of directors for 1892 is as follows: Rufus S. Frost, Will- H. Learned, Jeremiah Williams, Samuel N. Brown, Leander Bcal, George Hutchinson, John Hopewell, jr., Edgar Harding, Horace W. Wadleigh, Joseph A. Brown.
The condition of the North National Bank, as reported to the comp- troller of the currency, at the close business, March 6. 1893, was as follows:
RESOURCES.
Loans and discounts. $2,869,112.29
U. S. bonds to secure circulation 100,000.00
Other stocks, bonds, etc 131,318.36
Due from approved reserve agents . 417,682.09
211
BANKING INSTITUTIONS.
Due from other National Banks
241,269.33
Current expenses and taxes paid
19,267.98
Premiums paid on U. S. bonds
14,062.50
Checks and other cash items 463.87
Exchanges for clearing-house
124,065.70
Bills of other National Banks.
757.00
Fractional currency (including nickels)
23.88
Specie (including gold treasury notes)
245.438.25
Legal tender notes
29,000.00
Redemption fund with U. S. Treasury, 5 per cent. of circulation.
4,500.00
Total .
$4,196,961.25
LIABILITIES.
Capital stock paid in.
$1.000,000.00
Surplus fund
350,000.00
Other undivided profits
95,372.27
National Bank notes outstanding
90,000.00
Dividends unpaid
645.00
Individual deposits subject to check
$1,417, 954.45
Demand certificates of deposit
44,900.00
Certified checks
9,468,80
Cashier's checks outstanding
47,124.72
1,519,447.97
Due to other National Banks
505,624. 15
Due to State Banks and bankers
395,871.86
Bills payable
240,000.00
Total
$4.196,961.25
BUNKER HILL NATIONAL BANK.
Previous to 1825 the merchants of Charlestown made use of the Boston banks, which up to that time afforded quite sufficient facilities for the local business interest of the place. In the year named. however. many of the leading merchants of the town thought the trade and commercial interest of the town had grown to such proportions as to require a purely local institution. This led to the incorporation of the Bunker Hill Bank, which was chartered by the Legislature of Massa- chusetts in 1825, with a capital of $150,000. The first board of directors was elected July 26, 1825, and was composed of Timothy Walker, Na- than Tufts, Isaac Mead, David Devens, Isaac Warren, Seth Knowles, Thomas J. Goodwin, Jotham Johnson and Elias Phinney. July 30, three days later, the board organized with choice of Timothy Walker as president, and August 29 of the same year Henry Jacques was
212
SUFFOLK COUNTY.
chosen cashier. The banking room at this time was in the old Wash- ington Hall building on Main street, now occupied by Kidd's drug store, and here it remained about five years, or until 1830, when it took possession of its banking rooms in a building on the present site occupied by the bank in City Square, at the corner of what is now called Park street. In the great fire of 1835 this building was dam- aged, and while it was being rebuilt the bank occupied a portion of the brick building numbered 18 on Main street. A granite building was erected on the old site, which is remembered by many oldl residents. In 1855 the present brick building occupied by the bank was erected.
There have been but five presidents of the Bunker Hill Bank. Tim- othy Walker served from 1825 to 1835; Daniel Devens from 1835 until his death in August, 1855; Edward Lawrence from 1855 until his death in 1885; Timothy T. Sawyer from 1885 to 1890; and Charles R. Law- rence from the latter date until the present time. Edward Lawrence was elected a director of the bank in October, 1842, and served in this capacity for forty-three years, and as president for thirty years, a term of service exceeded by few in the banking history of Boston.
Henry Jacques, after serving as cashier for three years, was suc- ceeded by Thomas Marshall, who filled this important position for thirty-one years, from 1828 to 1859, during which time he was associ- ated with three presidents of the bank, Timothy Walker, Daniel Devens and Edward Lawrence. On the death of Cashier Marshall, in 1859, George Lincoln was chosen cashier, and held the position until 1864, and was succeeded by James Adams, jr., who served from May 27. 1864. to February 2, 1815. Mr. Adams was succeeded by Charles R. Lawrence, son of Edward Lawrence, who held the office until 1890, when he was elected president of the bank. Mr. Lawrence was sue- eceded as cashier by Fred. K. Brown, who has held the position until the present time.
The capital of the bank was first increased September 2, 1842, when it was made $200,000. In January, 1854, it was increased to $300,000, and in 1865, when it became a national bank, it was increased to $500, - 000, of which increase the sum of $100, 000 was an extra dividend from the surplus of the bank. The bank has never had but one vice-presi- dent, George A. Kettell being elected to that offiee April 14, 1865, when the president, Mr. Lawrence, was about to start for Europe, and held the position until his death in April, 1869.
273
BANKING INSTITUTIONS.
Following will be found a complete list of the past and present direc- tors of the Bunker Hill Bank :
ELE(TE)).
RETIRED
Timothy Walker
July 21, 1825.
Oct., 1835.
Nathan Tufts
27. 1825.
..
1830.
Isaac Mead
27, 1895.
1834.
David Devens
27. 1825.
.. 1855.
Isaac Warren
27. 1895.
1834.
Seth Knowles
27, 1825.
1826.
Thomas J. Goodwin
27, 1825.
..
1834.
Jotham Johnson.
27.1825.
4 .
1845.
Elias Phinney
27, 1825.
1831. ..
Jonathan Brooks
Oct.
2. 1826.
..
1830.
James Bird, jr
4, 1830.
1838.
Gilman Stanley ..
4. 1830.
1842.
Gilbert Tufts
8, 1831.
1848.
Reuben Hunt
6. 1834.
[8 ]8.
Larkin Turner
6, 1834.
1845
Andrew Blanchard, jr.
6, 1834.
1853.
Eben F. Cutter
7, 1835.
1851.
Richard Devens
..
1, 1838.
-
1842.
Edward Lawrence
3. 1842.
1885.
William Arnold.
2, 1843.
1860.
James Adams
6, 1845.
Nov., 1880.
Daniel White.
6, 1845.
Oct., 1859.
Geo. A. Kettell
2, 1848.
Apr., 1869.
Joseph Souther
2, 1848.
Oct., 1558.
Timothy T. Sawyer
6, 1851.
Thos. M. Cutter
3. 1855.
Apr., 1871.
Geo. S. Adams ..
1, 1855.
Jan., 1870.
Jos. Souther, jr.
4, 1858.
=
1870.
Edwin F. Adams
3, 1859
Aug., 1871.
C. C. Sampson
1, 1860.
Oct., 1862.
Nathan Tufts, jr.
6. 1862.
" 1887.
Geo. D. Edwards.
Nov. 12, 1869.
Apr., 1870.
F. M. Holmes
Apr. 22, 1870.
Sep. 1844.
Charles O Gage
May 19, 18;1.
Feb., 1892.
Nelson Bartlett
Jan. 2, 1875.
I. P. T. Edmonds
Jan.
1878.
Rhodes Lockwood
Jan.
1878.
M. Beebe
Mar.
1881.
C. R. Lawrence
Dec.
1884
Nahum Chapin
Jan.
1886.
E. B Hosmer
Jan.
1888.
John Turner ..
1892.
35
..
44
6, 1829.
1829.
Thatcher Magoun
..
.4
. 4
.4
. 4
SUFFOLK COUNTY.
The condition of the Bunker Hill National Bank, as reported to the comptroller of the currency at the close of business March 6, 1893, was as follows:
RESOURCES.
Loans and discounts .
$1,647,144.11
Overdrafts, unsecured
28.76
U. S. bonds to secure circulation 50,000.00
Due from approved reserve agents 374,622.08
Due from other National Banks 17,338.87
Banking house, furniture and fixtures
25,000.00
Current expenses and taxes paid.
14,421.13
Checks and other cash items
21,129.17
Bills of other banks 8,950.00
Fractional paper currency, nickels and cents 285.02
Specie
138,901.09
Legal tender notes.
31,548.00
Redemption fund with U. S. treasurer (5 per cent. of circulation)
2,250.00
Total
$2,331,618.83
LIABILITIES.
Capital stock paid in $ 500,000.00
Surplus fund
350,000.00
Undivided profits 116,023.77
National Bank notes outstanding
45,000.00
Dividends unpaid.
935.50
Individual deposits subject to check
1,318,674.82
Due to other National Banks
924.74
Total $2,331,618.83
The personal efforts of no one was more thoroughly identified with the growth and development of the Bunker Hill Bank than those of Hon. Edward Lawrence, for so many years its president. He was a son of Stephen Lawrence and a descendant of the Lawrence family so closely identified with the history of Groton and Littleton. He was born in Harvard, June 21, 1810, and from April, 1825, until his death in 1885, a period of sixty years, was a resident of Charlestown. He was for many years largely interested in the manufacture of furniture as a member of the firm of Forster, Lawrence & Co. In 1856 the firm was dissolved, and from that time Mr. Lawrence carried on the business alone until 1863, when he retired, and from that time until his death principally devoted his time to the manifold duties incumbent upon him as president of the Bunker Ilill Bank.
.
275
BANKING INSTITUTIONS.
He early took an active interest in public affairs and under the old town government was for many years one of the selectmen of the town. After Charlestown became a city, he served six years as a member of the board of aldermen. He was also a member of the House of Rep- resentatives from Charlestown in 1858 and 1859, and a member of the Senate in 1873. He was one of the prime movers in securing the in- troduction of the Mystic water into Charlestown, and was for twelve ycars chairman of the Mystic Water Commissioners and the Mystic Water Board. He was a man of excellent business judgment, a care- ful financier, and a well recognized power in the community.
ATLANTIC NATIONAL BANK.
The fourteenth bank, chartered by the Massachusetts Legislature, was the Atlantic Bank, now the Atlantic National Bank. The act was passed February 11, 1828, the persons named in the act being James Reed, Thomas Searle, and John Pickens. Organization was perfected and operations begun in March, 1828, with a capital of $500,000, and what was unusual, if not unprecedented among the banks then existing here, it paid a dividend of two per cent, within six months of the day it began business.
Following is a list of some of the most prominent of the original stockholders with number of shares taken :
Benjamin Atkins
10
James Longley 10
John R. Adams ..
30
John Lemist. 30
Abel Adams.
30
Edward D. Peters. 100
Amos Binney
100
John Pickens 20
Jonathan Batehelder
40
James Savage 20
l'liny Cutler
60
Samuel D. Torrey. 20
Lorenzo Draper
50
W'm. J. Walker 30
Oliver Eldridge
10
Aaron D. Weld. 20
Wm. H. Eliot
50
Thomas Cordis 25
Samuel Fales
50
John Dodd 10
W'm. Freeman
10
George Ilallett. .
Benjamin French
100
Mercantile Insurance Company
250
Jonathan French
20
Manufacturers' Insurance Company
320
Thomas Gaffield
20
Franklin Insurance Company 580
George G. Jones
40
Provident Institution for Savings
-120
Josiah Loring
20
The original officers of the bank were: President, John Pickens; cashier, Benjamin Dodd; directors, John Pickens, Edward D. Peters, George G. Jones, Hercules M. Hayes, Thomas Searle, James Pickens,
276
SUFFOLK COUNTY.
Jeremiah Hill, Henry F. Baker, Isaac Livermore, Lorenzo Draper, James K. Mills and William Rollins.
The presidents of the bank with period of service have been as fol- lows: John Pickens, March 5, 1828, to May 25, 1830; Pliny Cutler, May 25, 1830, to October 2, 1854; Nathaniel Harris, October 2, 1854. to January 12, 1869, and Isaac Pratt, jr., January 12, 1869, to the pres- ent time. Benjamin Dodd served as cashier from date of organization of the bank until April, 1815-a period of forty-seven years-when he was succeeded by the present cashier, James T. Drown. On the board of directors of this bank, at different periods from its incorporation, the following have served: Edward D. Peters, George G. Jones, James Pickens, Jeremiah Hill, Henry F. Baker, Isaac Livermore, Lorenzo Draper, William Rollins, William G. Lambert, Samuel Philbriek, Will- iam F. Otis, Benjamin Loring, William W. Stone, James Johnson, Charles Stoddard, Gilman Prichard, Francis Fisher, Benjamin D. Whitney, Montgomery Newell, Amasa Walker, George Hallett, James Allison, George W. Crockett, Abraham T. Lowe, S. S. Littlebrook, S. S. Arnold, Ezra C. Hutchins, W. R. P. Washburn, John S. Jenness, Abel G. Peck, James 11. Kelsey, Henry Claflin, Cyrus Dupee, Shad- rach Robinson, John A. Dodd, Edwin A. Robinson, Edward G. Nicker- son, John E. Lyon, Edward E. Rice, George W. A. Williams, John Pearce and J. Thomas Vose. The present direetors are Isaac Pratt, jr., T. Quincy Browne, S. T. Snow, Edward A. Abbott, Edmund T. Pratt, James T. Drown, William Read, N. Willis Bumstead and Osear F. Howe.
Need help finding more records? Try our genealogical records directory which has more than 1 million sources to help you more easily locate the available records.