USA > Massachusetts > Suffolk County > Professional and industrial history of Suffolk County, Massachusetts, Volume II > Part 33
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
The condition of the bank at the close of business March 6, 1893, as reported to the comptroller of the currency, was as follows:
RESOURCES.
Loans and discounts . $ 7,439,440.23 Overdrafts, unsecured 516.21
U. S. Bonds to secure circulation 50,000.00
Stocks, certificates, etc 47,800.00
Due from approved reserve agents
1,165,000,30
Due from other National Banks
521,161.39
Due from State Banks and bankers
14,432.85
Current expenses and taxes paid
39,245.49
Exchanges for clearing-house
355,925.06
Bills of other banks
10,000.00
Specie
485,000.00
Legal tender notes
$19,000,00
Redemption fund with U. S. treasurer (5 per cent. of circulation)
2,250.00
Total
$10,449,804.59
LIABILITIES.
Capital stock paid in
$ 1,500,000.00
Surplus fund
1,000,000.00
Undivided profits
292,839.84
National Bank notes outstanding
15,000,00
Dividends unpaid
59.50
Individual deposits subject to check
84.887,916.55
Demand certificates of deposit
120,778.35
Certified checks
40,833.18
Due to other National Banks .
1.122,755.40
Due to State Banks and bankers
514,621.77
6.986,905.25
Bills payable
625, 000.00
Total.
$10,4-19,804.59
348
SUFFOLK COUNTY.
NATIONAL REVERE BANK.
The Revere Bank of Boston was incorporated in March, 1859. The provisions of the charter were in accordance with the banking aet passed in 1851, and the additional act passed in 1852. The authorized capital was $600,000 in 6,000 shares of $100 each. The bank commenced oper- ations on the 3d of May, 1859. The first board of directors was com- posed of George Blackburn, Osmyn Brewster, W. L. Beal, Charles S. Cutter, John Cowdin, W. F. Goodwin, E. R. Hoar, George Linder, Ed- win Parker, T. P. Rich, and Samuel H. Walley. At the first meeting of the directors held March 14, 1859, Samuel H. Walley was elected president, and John W. Lefavour cashier. The subscriptions to its en- tire capital stock was completed and paid in within six weeks after its subscription books were opened, and it is a significant fact that they embrace a larger number of incorporated institutions than the original lists of any of the older banks of Boston, and the best commentary upon the soundness and success of the Revere Bank is the further fact that most, if not all, of these institutions still remain stockholders in it. The bank commenced business on the corner of Franklin and Devon- shire streets. In July, 1859, the capital stock was increased to $1,000, - 000, and at the end of the first year's business the condition of the bank was reported upon by a special committee, from which report the following facts are taken: Individual deposits $463, 629.90, bank deposits $184, 877.48, circulation $155, 745.00, notes discounted $1,589,- 177.63. There was at that date but one debt overdue to the bank, a sum of $641.61, and that was believed to be fully secured. At the com- mencement of and throughout the civil war the officers of the Revere Bank were foremost in illustrating the patriotic spirit which has always been signally manifested by the Boston banks, and in a most practical, serviceable, and ready manner. John W. Lefavour, on account of ill health, resigned his position as cashier in June, 1864, and was succeeded by the present cashier Henry Blasdale.
On the 5th of June, 1865, the Revere Bank was reorganized under the National Bank act, and assumed its present title of National Revere Bank. In that year the market value of its shares ranged from 113 14 to 130, and its dividends, regular, and extra amounted to a total of six- teen per cent. on its capital stock of $1,000,000. The capital stock of the Revere Bank remained from October 4, 1859, to May 28, 1869, at $1,000,000. On the latter date it was increased to $2,000,000, on which basis the bank was carried on until January 8, 1878, when the capital was reduced to $1,500, 000.
319
BANKING INSTITUTIONS.
During the great fire of 1822 the bank building was destroyed, and the bank's safe, which had been built on a stone foundation, was thrown into the middle of the street. Its contents were found substantially uninjured. Business was quickly resumed after the fire in rooms in the Years Building, where the bank remained for about two years. On August 1, 1844, rebuilding having been completed, it was returned to its original site, but occupying the lower floor instead of the second floor as before the fire.
The National Revere Bank has had but three presidents since its or- ganization. Hon. Samuel H. Walley, its first president, was long a prominent citizen of Boston and Roxbury, at one time representing the latter district in Congress. He was ever active and interested in mat. ters connected with his business, with the city where he lived, and with the old South Church, of which he was treasurer for many years. He held the office of president of the Revere Bank from March 14, 1859, till the time of his death August 22, 1872. Hon. Samuel C. Cobb had been elected a director in January, 1826, and after the death of Mr. Walley was chosen president. Mr. Cobb came to Boston from Taun- ton in 1842, and pursued a mercantile career, finally becoming a part- ner of the house of Cunningham & Cobb, and later Wheelwright & Cobb. For three years he served as mayor of Boston, an office he filled with most honorable fidelity. Mr. Cobb had served as president of the Re- vere Bank scarcely seven months, when he accepted, much to the re- gret of his fellow directors of the bank, the position of actuary of the Massachusetts Hospital Life Insurance Company. He accordingly re- signed as president and director of the bank March 30, 1828. Mr. George S. Bullens was thereupon chosen as Mr. Cobb's successor, and has since served most acceptably as president. Mr. Bullens came to Boston from Chicopee in 1848, and soon entered the counting-room of J. C. Howe & Co., a leading dry goods house in this city. Ile rapidly advanced, and long before the dissolution of the house was a partner and financial manager of the firm.
James A. Woolson is the oldest director of the Revere Bank, having been elected in November, 1859, only six months after its organization. The present board is composed of George S. Bullens, Joseph Sawyer, James A. Woolson, Gorham Rogers, John C. Potter, Franklin E. Greg- ory, George A. Alden, Henry A. Rice, jr., and Henry O. Houghton.
The condition of the National Revere Bank, as reported to the comp- troller of the currency at the close of business, March 6, 1893, was as follows:
350
SUFFOLK COUNTY.
RESOURCES.
Loans and discounts
$4,173,945.64
Overdrafts, secured and unsecured
105.88
U. S. bonds to seenre circulation
50,000.00
Stocks, securities, etc. 46,384.00
Due from approved reserve agents
284, 464.53
Due from other National Banks
625,184.66
Due from State Banks and bankers
639.22
Current expenses and taxes paid
38,058.96
Premiums paid on U. S. bonds.
5,000.00
Checks and other cash items.
3,210,34
Exchanges for clearing-house
95,071.85
Bills of other banks.
17,334.00
Fractional paper currency, nickels and cents
257.07
Specie
313,652.75
Legal tender notes
122,500,00
Redemption fund with U. S. Treasury (5 per cent. of circulation)
2,250.00
Total
$6,278,058.90
LIABILITIES.
Capital stock paid in
$1,500,000.00
Surplus fund.
140,000.00
Undivided profits
86,677.68
National Bank notes outstanding
42,140.00
Dividends unpaid
60.00
Individual deposits subject to check
$2,362,998.32
Demand certificates of deposit
20,151.39
Certified checks
2,875.00
Due to approved reserve agents
229,631.25
Due to other National Banks
1,504,744.80
Due to State Banks and bankers
273,780.46
Bills payable.
115.000.00
1,509,181.22
Total
$6,278,058,90
FIRST NATIONAL BANK.
The First National Bank of Boston was originally organized as a State institution, under the name of the Safety Fund Bank, on January 3, 1859, with a capital of $600,000, which in October of the same year was increased to $1,000,000. The original directors were: Abraham T. Lowe, F. S. Carruth, William H. Hill, Win. J. Reynolds, S. H. Howe, Noble HI. Hill, Isaac Fenno, Isaac Sweetser, Charles W. Bryant, Otis Daniel, and Artemas Stone, of whom but one, Isaac Fenno, is still con- nected with the bank.
351
BANKING INSTITUTIONS.
The original articles of association were signed by the following stockholders who subscribed for the number of shares affixed to their names :
Abraham T. Lowe. 200
Woodman, Horsewell & Co. 10
William Hill
200
Baldwin & Curry 20
William J. Reynolds
200
Anderson, Sargent & Co 50
S. II. Howe.
100
Austin, Sumner & Co
Isaac Fenno
100
Milton, Cushman & Co 50
Artemas Stone
100
M. & N. Crocker
10
Francis S. Carruth
100
William J. Cutler
10
Isaac Sweetser.
100
Joseph A. Hyde
10
Charles W. Bryant
100
Cushing Mitchell
10
Otis Daniell
100
Rust & Copeland
10
Noble H. Hill
100
A. B. Wheeler
Charles C. Henshaw
10
William II. Hill, jr
C R. Ransom
100
Seth Turner
15
These 1,13; shares, or $1:3,200 of the capital stoek, formed the nul- cleus of the original capital of $600,000.
The first meeting of the directors of the Safety Fund Bank, all of whom were men of wealth and character, widely known in the com- mercial world, was held on the 3d of January, 1859, the day of their election, when Abraham T. Lowe was unanimously elected president, and C. R. Ransom cashier.
The Safety Fund Bank went into actual operations on the 4th of Feb- ruary, 1859, and was prosperous from the start. On the ed of July. 1859, six months after the organization of the bank, the directors voted to increase its capital stock to an amount not exceeding $1,000,000. At the annual meeting of the stockholders on the 21st of November, 1863, the directors were given power to close up the affairs of the Safety Fund Bank, and to organize under the National Bank act. Under this author- ity the directors, after having obtained the legal consent of the owners of two-thirds of the stock, made application to the comptroller of the currency that the bank be changed to a national institution. A certifi- cate was received on the 22d of January, 1864, authorizing the directors to organize the institution as a national bank, and it was accordingly voted on February 1, 1864, that the Safety Fund Bank, which was the first bank in Boston to reorganize under the national law, should be transformed into a national bank under the name of the First National Bank.
The first annual meeting of the stockholders after reorganization was held January 10, 1865, at which meeting 1,028 votes were cast for the
352
SUFFOLK COUNTY.
following directors: Abraham T. Lowe, F. S. Carruth, Otis Daniell, William H. Hill, William J. Reynolds, Artemas Stone, Noble H. Hill, Isaac Fenno, Isaac Sweetser, William J. Cutler, and William Atherton.
The predecessor of the First National Bank, the Safety Fund Bank, began business in the Tremont building, 41 State street. Since 1820 the bank has been located at 17 State street, corner of Devonshire and opposite the south side of the old State House. Abraham T. Lowe, the first president of the bank, served until January, 1881. For several months thereafter Samuel D. Warren served as president. He was succeeded in August, 1881, by John Carr, who still fills this position. From the organization of the bank until March, 1864, Chandler R. Ran- som served as cashier, being then succeeded by John Carr, who held this office until his election as president in 1881, and since that date Chas. H. Draper has been cashier. The present board of directors is composed of Isaac Fenno, William J. Cutler, John Carr, Mortimer B. Mason, William H. Hill and Charles H. Draper.
The condition of the First National Bank, as reported to the comp- troller of the currency at the close of business, March 6, 1893, was as follows :
RESOURCES.
Loans and discounts.
84,009,962.36
U. S. bonds to secure cireulation
50,000.00
Stocks, securities, etc 113,800.00
Due from approved reserve agents 330,581.24
489,385.66
Banking house, furniture, and fixtures
250,000.00
Current expenses and taxes paid.
34,886.65
Checks and other cash items
66,306.89
Exchanges for clearing-house
393,863.46
Bills of other banks
13,566.00
Fractional paper currency, nickels and cents
431.00
Specie.
137,089.50
Legal tender notes
153,337.00
Redemption fund with U. S. treasurer, (5 per cent. of circulation) 2,250.00
Due from U. S. treasurer, other than 5 per cent. redemption fund
7,000.00
Total ..
$6,051,859.76
LIABILITIES.
Capital stock paid in
$1,000,000.00
Surplus fund
1,000,000.00
Undivided profits.
327,944.06
National Bank notes outstanding 45,000.00
Dividends unpaid.
210.00
Due from other National Banks
BANKING INSTITUTIONS.
Individual deposits subject to check
2,014,603.86
Certified checks
32,307.00
Cashier's checks outstanding
22,783.58
Due to other National Banks
1,288,841.23
Due to State Banks and bankers
60,159.32
Notes and bills re-discounted
160,010.71
Bills payable
100,000.00
Total
$6,051,859.76
CONTINENTAL NATIONAL BANK.
The Continental Bank, now the Continental National Bank, began operations on October 1, 1860, with a capital of $200,000. The original board of directors was composed of Edward R. Seccomb, Oliver Dit- son, William T. Hart, F. W. Lincoln, Jonas Fitch, George C. Lord, Frank W. Andrews, William R. Clark and E. C. Drew. Each of these received 143 votes, representing 1,555 shares. On the same day of their election, they met at the banking rooms, 239 Washington street, and chose the following officers: President, Edward R. Seccomb; cashier, James Swan; teller, Charles F. Smith ; bookkeeper, Joseph J. Howe; collection clerk and messenger, Albert D. Swan.
On November 26. 1861, President Seecomb declining a re-election, Oliver Ditson was elected in his place, and for twenty-one years very efficiently served in this capacity. William T. Ilart was his successor and has since most acceptably filled the position. James Swan, the first cashier, served for twelve years, being succeeded by the present cashier, Charles F. Smith, who was chosen teller at the organization of the bank and has been in its service ever since. Joseph J. Howe has been bookkeeper from the origin of the bank.
On October 1, 1864, the capital was increased to $500, 000 and on No- vember 4, 1868, to $1,000,000. The reorganization of this bank under the National Banking act was effected in October, 1864. Its board of directors for 1892 is as follows: Frederick W. Lincoln, C. F. Smith, William T. Hart, J. H. Lee, Phineas Pierce, D. R. Emerson, William B. Rice and Henry P. Stanwood. Two of this board, Frederick W. Lincoln, and William T. Hart, have been directors ever since the bank was organized.
The condition of this bank, as reported to the comptroller of the eur- reney, at the close of business March 6, 1893, was as follows:
45
351
SUFFOLK COUNTY.
RESOURCES.
Loans and discounts $2,132.248.58
332.32
Overdrafts, secured
U. S. bonds to secure circulation 50,000.00
Stocks, certificates, etc. 4,000.00
Due from approved reserve agents
301,242.71
Due from other National Banks
71,177.28
Banking house, furniture, and fixtures
190,000.00
Other real estate and mortgages owned
27,965.20
Current expenses and taxes paid
13,067.74
Checks and other cash items.
1,432.35
Exchanges for clearing-house
64,910.69
Bills of other banks
4,571.00
Fractional paper currency, nickels and cents
469.35
Specie
121,300.00
Legal tender notes
25,000.00
U. S. certificates of deposit for legal tenders.
40,000.00
Redemption fund with U. S. Treasurer (5 per cent. of circulation)
2,250,00
Total
$3,050,467.22
LIABILITIES.
Capital stock paid in
$1,000,000.00
Surplus fund
200,000.00
Undivided profits. 192,358.40
National Bank notes outstanding 43,650,00
Dividends unpaid 1,031.00
Individual deposits subject to check
1,288,054.75
Demand certificates of deposit
67,698.55
Certified checks. .
7,289.55
Due to other National Banks.
23,980.74
Due to State Banks and bankers
151,404.23
Bills payable.
75,000.00
Total
$3,050,467.22
4
1
1
MOUNT VERNON NATIONAL BANK.
The Mount Vernon Bank, now the Mount Vernon National Bank, received its charter in 1860. In the great fire of 1872, the building in which the bank was located, at 13 Franklin street, corner of Washing- lon, was destroyed, and in the general destruction were destroyed all the records of the bank prior to 1864. Its charter fixed the capital stock at $200,000. The following persons and partnerships were among the more prominent of the original stockholders of the bank, and a majority of them continued to hold stock in it after it had been enrolled in the larger family of national banks:
355
BANKING INSTITUTIONS.
Charles B. F. Adams,
Samuel O. Aborn,
F. O. Prince.
William P. Sargent & Co.,
Rev. Henry B. Hooker,
David Snow,
William B. May,
John Bigelow.
William J. Reynolds,
John H. Goddard,
John J. Clarke,
G. W. Tuxbury.
Beals, Greene & Co ..
John Collamore,
Edward Wyman,
Edward Everett,
John M. Call,
S. G. Rogers,
Mrs. Eliza 1I. Otis,
John Vose, jr.,
Ralph Huntington.
William Whiting,
Isaac 11. Cary,
George W. Simmons,
William G. Russell,
S. H. Gregory, Albert Hobart,
Julius A. Palmer.
At the first meeting of the original board of directors, J. P. Robinson was elected president, and H. W. Perkins cashier, both of whom had been leading spirits in the formation of the bank. On December 28, 1864, the bank was reorganized as a national bank under its present title, Mount Vernon National Bank. Carnie E. King was chosen presi- dent of the reorganized bank, and at the first annual meeting of the stockholders after reorganization the following directors were elected: Carnie E. King, Julius A. Palmer, Albert Hobart, William B. May, Samuel H. Gregory, Wm. G. Russell and John M. Call. Mr. King was succeeded as president in 1829 by Thomas N. Hart, ex-post- master of Boston, who still serves in this position. Mr. Hart has been director of the bank sinec 1871. H. W. Perkins continued in the office of cashier until his death in 1884, when F. E. Barnes, the present cashier, was chosen in his stead. Mr. Perkins had, previous to his connection with the Mount Vernon Bank, been connected with the banking interest of Boston, and enjoyed a well deserved reputation in financial circles. The board of directors of this bank for 1892 is as follows: Thomas N. Hart, John B. Babcock, Benjamin F. Dyer, Fred. L. Felton, Frederick O. Prince, Oscar H. Sampson and Walter H. Tenny.
The Mount Vernon Bank commenced business at 160 Washington street. In September, 1869, it moved to 13 Franklin street. After the great fire of 1822 it temporarily occupied quarters at 133 Tremont street until its old quarters on Franklin street were rebuilt, whither it removed in October, 1813.
The condition of this bank at close of business March 6, 1893, as re- ported to the comptroller of the currency, was as follows:
RESOURCES.
Loans and discounts Overdrafts, unsecured
$1.028,896.39 146.13
356
SUFFOLK COUNTY.
U. S. bonds to secure circulation 50,000.00
Due from approved reserve agents
115.8.18.38
Due from other National Banks 58,579.55
Current expenses and taxes paid
10,431.71
Premiums paid on U. S. bonds 5,000.00
Checks and other cash items
409.26
Exchanges for clearing-house
50,557.00
Bills of other banks
7,125.00
Fractional paper currency, nickels and cents
482.38
Specie
82,713.10
Legal tender notes
36,470.00
U. S. certificates of deposit for legal tenders
10,000,00
Redemption fund with U. S. treasurer (5 per cent. of circulation)
2,250.00
Due from U. S. treasurer, other than 5 per cent. redemption fund
4,000.00
Total
$1,462,912.30
LIABILITIES.
Capital stock paid in
200,000.00
Surplus fund.
50,000.00
Undivided profits
54,622.64
National Bank notes outstanding
45,000.00
Dividends unpaid
147.00
Individual deposits subject to cheek
941,153.01
Demand certificates of deposit.
67,700.00
Certified checks
9,217.84
Cashier's checks outstanding
545.00
Due to State Banks and bankers
29,526.81
Bills payable
65,000.00
Total
$1,462,912.30
1
I
1
I
I
1
1
1
1
1
.
THIRD NATIONAL BANK.
The Third National Bank was the first Boston bank which was a national bank at the beginning of its career. It was organized under the National Banking act of February 25, 1863, and began operations on the 1st of April, 1864, with a capital of $300,000 and with liberty to increase it to $1,000,000.
Among the prominent Boston merchants and capitalists who were its original stockholders were: Charles B. Adams, Nathaniel J. Bradlee, Francis Dane, Percival L. Everett, Jonathan Ellis, Joseph L. Hen- shaw, Samuel Hall, jr., H. P. Kidder, Frederick W. Lincoln, S. D. . Nickerson, Thomas W. Nickerson, Charles H. Parker, Isaac Rich, Royal E. Robbins, James Sturgis, James E. Root, Jacob Sleeper, M. S. Sendder, John S. Tyler, J. M. Wightman, Jacob Stanwood, S. S.
BANKING INSTITUTIONS.
Pierce, Thomas 11. Perkins, Joseph Nickerson, James L. Little, Harvey Jewell, John S. Keyes, Benjamin E. Bates, A. O. Bigelow and Alvin Adams.
The first board of directors was composed of Percival L. Everett, Samuel Hall, jr., J. Willard Rice, Joseph L. Henshaw, Marshall S. Scudder, James Sturgis, J. H. Stephenson, Sereno D. Niekerson and Royal E. Robbins. At a meeting of this board held February 10, 1864. Percival L. Everett was elected president, and at a subsequent meeting Jonas Bennett was chosen cashier. Mr. Everett was president till November 21, 1885, when he resigned and was succeeded by Moses Williams, who has ever since served in this capacity. Jonas Bennett continued as cashier till May, 18:3, when he was succeeded by Francis B. Sears, who held the position until January, 1890, when he was elected vice-president of the institution, and Frederick S. Davis was chosen cashier. Of the officers of the bank, Mr. Sears is the oldest in point of service. He entered the bank at its organization as junior clerk. Two years later he accepted another business position and was ont of the bank for five years, He returned in 1821 as assistant cashier, and as before stated, was made cashier in 1813, and later vice-president, promoting the interest of the bank with fidelity and acceptability in each capacity. The cashier, Mr. Davis, has been engaged in the bank- ing business for more than forty years. He was cashier of the Traders' National Bank for thirty years and its president two years before ac- cepting his present position.
The Third National Bank was originally located at 18 State street, where it remained about eighteen months. It was then moved to 28 State street, there remaining till 18;0, when it was removed to 66 State street, and in 1881 to 8 Congress. At the latter place it remained until May, 1892, when it took possession of its present quarters in the Ex- change Building. May 3, 1881, the capital was increased to $600,000; May 2, 1889, to $1,000,000, and October 1, 1891, to $2,000,000. A safe deposit department was added to the facilities of this bank upon its removal to its present quarters, and this branch of the business is under the management of Andrew Robeson. The safe deposit vanlts are the largest in New England. There are six compartments, with a capa- city of 15,000 boxes.
The board of directors for 1893 is composed of Royal E. Robbins, Benjamin F. Brown, Thomas O. Richardson, Moses Williams, Otis E. Weld, Benjamin F. Stevens, Francis B. Sears, Charles A. Welch, Henry
358
SUFFOLK COUNTY.
B. Endicott, Jerome Jones, William L. Chase, Edward Atkinson, George E. Keith, Charles E. Sampson, Joseph B. Russell, William Minot, jr., Edward Sherwin and Edwin H. Abbott. Of the present board, Royal E. Robbins is the only director who was a member of the original board. He has been a director ever since the organization of the bank.
The condition of the Third National Bank, as reported to the comptroller of the currency at close of business March 6, 1893, was as follows:
RESOURCES.
Loans and discounts $ 5,847,084.70
Overdrafts
25,662.37
U. S. bonds to secure circulation. 1,000,000.00
Stocks, securities, etc. 50,190.18
Dne from approved reserve agents
885,143.11
Dne from other National Banks
1,055,293.46
Due from State Banks and bankers
53,873.06
Other real estate and mortgages owned
17,369.19
Current expenses and taxes paid
48,709.7-1
Premiums paid on U. S. bonds
9.231.16
Exchanges for clearing-house
716,202.59
Bills of other banks
20,898.00
Fractional paper currency, nickels and cents
1,742.84
Specic
566,969.75
Legal tender notes
110,500,00
U. S. certificates of deposit for legal tenders
50,000.00
Redemption fund with U. S. treasurer (5 per cent. of circulation)
45,000.00
Due from U.S. treasurer, other than 5 per cent. redemption fund
17,000.00
Total
810,610,876.64
LIABILITIES.
Capital stock paid in
$ 2,000,000.00
Surplus fund
95,000.00
Undivided profits
102,157.59
National Bank notes outstanding
$99,990.00
Dividends unpaid
349.00
Individual deposits subject to check
4,236,449.53
Demand certificates of deposit
131,434.75
Acceptances
123,197.95
Due to other National Banks
1,440,081.81
Due to State Banks and bankers
1,532,216.01
Total
$10,610,876 64
90,000.00
Checks and other cash items.
359
BANKING INSTITUTIONS.
EVERETT NATIONAL BANK.
The Everett National Bank received its charter under the provisions of the National Banking act on the 8th of March, 1865. It was originally proposed by its corporators to style it the Fourth National Bank of Boston, but they concluded to adopt in its stead the propitions name of Everett, in honor of the great orator and statesman. The corporators consisted of the following eminent citizens, most, if not all, of whom were residents of the South End: William Fox Richardson, Charles A. Babcock, Nathan Crowell, Richard A. Robertson, Nathaniel Adams, George W. Messinger, Warren Sawyer, Jarvis Williams, Alden Speare, Amos B. Merrill, Pliny Nickerson, Josiah H. Jones, Frederick Jones, Daniel Harwood, Osborn Howes, William Cumston, Uriah Ritchie, Job A. Turner, George H. Davis, and S. Harris Austin.
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.