USA > Massachusetts > Suffolk County > Professional and industrial history of Suffolk County, Massachusetts, Volume II > Part 39
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The original object of this bank was " to afford greater facilities and indueements for a safe and profitable investment of the earnings of sca- men and others connected with a sca-faring life," and its first books is- sued to depositors bore upon the outside a device in which the words " Sailors' Rights" were prominent, and stated that the office was in "Commercial street adjoining the Market Bank opposite the east end of Market House, " a location evidently selected for this class of depos- itors. But it was soon seen that the restriction of receiving deposits only from such persons, and which was actually a part of its charter, was to materially limit the scope of its usefulness, and as early as May, 1833, a committee was appointed to petition the Legislature for such an amendment as would allow it " to receive money from all persons." The difficulty was removed, however, without special legislation, for in 1834 a general law was passed regulating all the savings banks in the
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SAVINGS BANKS.
Commonwealth, and for the first time placing them under publie super- vision. It has from that time to the present received a large propor- tion of the deposits made by sea-faring persons, but with the gradual decline of shipping the amounts have been materially reduced, until now these sums form but a small percentage of the total accumula- lations. The present title of the bank was secured by a legislative act approved March 1, 1842.
The following includes the names of the principal officers of this bank from its incorporation to the present time, and gives the date of elec- tions and period of service of each: President, Pliny Cutler, April 8, 1835, to April 9, 1839; Daniel C. Bacon, April 9, 1839, to April 8, 1844; Thomas Lamb, April 8, 1844, to April 2, 1885; William Endicott, jr., April 8, 1885, to the present. Vice-presidents: Daniel C. Bacon, April 8, 1833, to April 9, 1839; William H. Boardman, April 9, 1839, to April 10, 1843: Henry Edwards, April 10, 1843, to April 12, 1847; Benjamin Seaver, April 12, 1842, to April 8, 1856; Samuel H. Walley, April 8, 1856, to April 9, 1878; Isaac Thacher, April 9, 1828, to April 10, 1883; William Endicott, jr., April 10, 1883, to April 4, 1885; Edward W. Hooper, April :, 1885, to the present. Secretaries: Thomas K. Davis, April 8, 1833, to April 9, 1839; Charles Henry Parker, April 9, 1839, to April 10, 1866; George N. Macy, April 10, 1866, to April 13, 1845; llerbert Magoun, April 13, 1815, to the present. Treasurers: Samuel Il. Walley, April 8, 1833, to April 8, 1853; Charles Henry Parker, April 5, 1853, to the present. Herbert Magoun has served as vice- treasurer since November 19, 1875.
While the foregoing gives the term of office of each individual in the several capacities named, it does not in many cases show the length of time that such persons were or have been connected with the bank. Pliny Cutler, its first president, was connected with the bank in an of- ficial capacity for nineteen years. Thomas Lamb, for forty-one years its president, served altogether for fifty-one years as an officer. Sam- uel HI. Walley served for forty-four years. Charles Henry Parker, its present treasurer, has been connected with the bank for fifty-three years, while among the trustees or managers George Wm. Bond served for fifty years, and William Perkins for thirty-eight years. Charles G. Nazro, the oldest trustee in point of service, has served for forty-five years, while there are many whose terms of office as trustee range from twenty-five to forty years.
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418
SUFFOLK COUNTY.
The Suffolk Savings Bank has been one of the conspicuously success- ful institutions of its kind in Massachusetts. The total amounts stand- ing to the credit of its depositors, divided into periods of ten years com- meneing with the 30th day of October, 1811, are as follows: 1841, $261,642.39; 1851, $1.108, 262.62; 1861, $2,812, 942.93; 1811, $6,167,- 723.17; 1881, $15,009, 648 25; 1891, 24,835, 168.44. These figures indi- cate a surprisingly rapid growth, which is still more made plain from the fact that while the growth of all the savings banks throughout the Stat ; taken collectively during the past fifty-years, has been about 5,500 per cent., that of the Suffolk Savings Bank has been about 9,500 per cent., an indisputable evidence that it has received its full measure of public appreciation.
The following report made October 31, 1892, shows the condition of this bank at that time to have been as follows:
ASSETS.
Public funds as per schedule
$ 3,628,638.09
Loan on public funds
10,000.00
Bank stock as per schedule
620,225.00
Loans on bank stock 46,000.00
Railroad bonds as per schedule .
4,396,852.96
Railroad notes.
115,000.00
Real estate (for banking purposes)
Į80,000.00
Real estate by foreclosure.
26,649.13
Loans on real estate
8,744,000.53
Loans on personal security .
7.0.12.475.03
Loans to counties, cities or towns (notes)
566,600.00
Deposits in banks, on interest
1,519,189,88
Deposits in banks, not on interest
5,866.98
Expense account
3,132.08
Cash on hand
200,890.05
Total
827,168,859.73
LIABILITIES.
Deposits
826,513,023.38
Guaranty fund
715,230.08
Profit and loss account
209, 163.57
Suspense account.
27,442.70
'Total
$27,468,859.73
The total number of open accounts at date of foregoing report was 59,403. The deposits for the year ending at that time amounted to $5,556,253.00, and the sum paid out to depositors during the same period amounted to $4. 843, 192.45.
119
SAVINGS BANKS.
EAST BOSTON SAVINGS BANK,
The East Boston Savings Bank was organized on October 4, 1848. The first board of trustees was composed of Samuel W. Hall, Benjamin Lawson, James Cunningham, Ebenezer Atkins, Henry Brevoort, George W. Brown, Phineas M. Crane, Thomas D. Dermond, William C. Ford, Samuel Hall, Richard Humphrey, Daniel D. Kelly, Donald McKay, Mark Geogins, Stephen Locke, John Pierce, William R. Lovejoy. Joseph Robbins, Noah Sturtevant, George Sturtevant, Richard Soule, jr., William Fittyplace, and O. M. Tufts. James Cunningham was the first president of the bank. Succeeding him was Ebenezer Atkins, then Samuel Hall, next Phineas M. Crane, the latter being elected in 1868. Mr. Crane was followed by the present president, George T. Sampson. Mr. Sampson has been a trustee of the bank since 1865, and his counsel and earnest efforts have always been directed toward promoting the success of the institution. Albert Bowker served as treasurer and see- retary from the organization, of the bank until April, 1880, when he was succeeded by the present incumbent, William B. Pigeon. Mr. Pigeon has been with the bank since 1870, beginning as clerk and carning his promotion by efficient service. He is a son of Henry Pigeon, the well known sparmaker, and one of the oldest residents of East Boston. The board of investment for 1892 is composed of John Thompson (also vice- president), Nathaniel M. Jewett, William B. Pigeon, Ebenezer M. Mc- Pherson, George L. Thorndike, Rufus Cushman, and Robert Crosbic. The trustees for 1892 are as follows: George T. Sampson, Henry Pigeon, Frederick Pease, Albert Bowker, Henry B. Hill, John Thomp- son, Nathaniel M. Jewett, Rufus Cushman, William B. Pigeon, Will- iam II. Grainger, Ebenezer M. McPherson, James Smith, George L. Thorndike, Robert Crosbie, Emery D. Leighton, Randall J. Elder, James L. Walsh, Wesley A. Gove, William Waters, jr., Joseph W. Rob- bins, James Frame, F. A. Woodbury, Peter Morrison, T. B. Grimes, and G. Il. Libby.
The bank has remained at the same location in Maverick Square, East Boston, ever since its organization.
The following statement shows the condition of the bank on October 12, 1892.
ASSETS,
Public funds as per schedule $ 236,000.00
Bank stock as per schedule. 266, 180.00
Railroad bonds as per schedule
131,500.00
Real estate (for banking purposes). .
19,953.74
420
SUFFOLK COUNTY.
Real estate by foreclosure
6,515.53
Loans on real estate
1,365,904.00
Loans on personal security
504,600.00
Deposit in bank, on interest
57,581.28
Expense account.
2,484.26
Cash on hand
2,307.09
Total.
82,596,825 90
LIABILITIES.
Deposits
$2,415,246.98
Guaranty fund
105,744.83
Interest account
24,356.31
Profit and loss account
50,977.72
Total
82 596,325.90
BOSTON FIVE CENTS SAVINGS BANK.
The Boston Five Cents Savings Bank was incorporated April ;. 1854, the persons named in the act of incorporation being Edward Ed- munds, Rollin H. Neale, B. T. Loring, John E. Thayer, George W. Crockett, Benjamin Bangs, James Lawrence, William Beals, Nathaniel Thayer, Tolman Willey, George W. Chipman, Charles Hudson, Henry Andrews, Charles C. Barry, George W. Warren, George Allen Otis, William P. Mason, Anson Burlingame and Phineas Stowe. The pres- ent officers of the bank are as follows: Alonzo H. Evans, president ; William Claflin, Edward Edmunds, Roland Worthington, William (). Grover, James A. Woolson and S. R. Payson, vice-presidents; Curtis C. Nichols, treasurer; J. C. Holmes, assistant treasurer; Edward Ed- inunds, clerk of the corporation. The trustees are: Roland Worthing- ton, William O. Grover, J. 11. Cannell, James A. Woolson, E. C. Fitz, Rufus S. Frost, Alonzo H. Evans, Samuel R. Payson, William Claflin, Nathaniel N. Thayer, Henry F. Coe, William A. Tower, Oliver Ames, S. A. Carlton, William R. Dupee, W. P. Tilton, Leander Beal, Edward Edmunds, E. S. Converse, C. C. Nichols, A. H. Davenport, George Hutchinson, Wilmot R. Evans, Albert A. Pope, and D. Webster King. The president of the bank, Alonzo Il. Evans, was treasurer from the organization of the bank to 1844, when, upon the retirement of Paul Adams, he became president. He is one of the best known financiers and bankers of Boston, and is a director of the Winthrop National Bank.
421
SAVINGS BANKS.
The following report made to the saving bank commissioners, Oe- tober 31, 1892, shows the condition of the bank at that time:
ASSEIS.
Public funds as per schedule $2,888,151.50
Loans on public funds
160,498.23
Bank stock as per schedule 688,400.00
Loans on bank stock_ 92,200.00
Railroad bonds as per schedule
389.685.00
Loan on railroad bonds
1,500.00
Loan on railroad stocks
100,000.00
Railroad notes
100,060.00
Real estate (for banking purposes)
195,000.00
Real estate by foreclosure
1,300.00
Loans on real estate
8,863,358.35
Loans on personal security
5,981.100.00
Loans to counties, cities and towns (notes).
149,925.00
Deposits in banks, on interest.
1,283,139.33
Expense account
$29.78
Cash on hand
23,883.55
Total
$20,918,870.74
LIABILITIES.
Deposits
$19,520,989.74
Guaranty fund
847,377.30
Interest account ..
39,875.52
Profit and loss account
410,584.72
Premium account
35,502.85
Suspense account
1.527.13
Rent account
3,013.48
Total
$20,918,870.74
The number of open accounts at date of foregoing report was 130,- 548. There was deposited during the year preceding the report, $5,809,882,86.
CHARLESTOWN FIVE CENTS SAVINGS BANK.
The Charlestown Five Cents Savings Bank was incorporated April t. 1854. The present president of the bank, Amos Stone, took an active and leading part in its organization, and was elected one of its trustees and its first treasurer, holding the latter position until Isst, when he was elected to his present position, succeeding his brother, P. J. Stone, who had been president from the incorporation of the bank. Mr. Stone has been a prominent factor in the political and financial history of
422
SUFFOLK COUNTY.
Charlestown. When Charlestown was incorporated as a city in 184 ;. he was elected its first city treasurer and collector of taxes, which office he held for eight years. In the fall of 1855 he was elected treasurer of the county of Middlesex, and held that office for thirty years, until January 1, 1886, when he declined a re-election. For more than ten years he, as treasurer, with the assistance of the president, performed all the labor of the bank without any compensation. The bank has proved one of the most prosperous and successful in the Com- monwealth, the result largely of Mr. Stone's efforts in its behalf. A. M. Andrews is treasurer of the bank and Benjamin F. Stacey clerk of the corporation. The committee charged with the investment of its funds is composed of George S. Pendergast, Francis Hall, Emrie B. Stetson, Augustus W. Stover, and Amos Stone.
The present condition of the bank is shown by the following report made October 31, 1892:
ASSETS.
Loan on public funds.
S 3,000.00
Bank stock as per schedule
146,200,00
Loans on bank stock
16,300.00
Railroad bonds as per schedule
447,500.00
Loans on railroad bonds.
32,000.00
Loan on railroad stocks
79,500.00
Real estate (for banking purposes)
20,000.00
Real estate by foreclosure
40,900,00
Loans on real estate
2,074,115.00
Loans on personal security
1,482,650.00
Deposits in banks, on interest
105,013.42
Cash on hand
3,424.98
Total
$5,101,263.40
LIABILITIES.
Deposits
$4,779,546.09
Guaranty fund
230,000.00
Profit and loss account
91,717.31
Total
$5,101,263.40
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FRANKLIN SAVINGS BANK.
The Franklin Savings Bank of the city of Boston was incorporated March 15, 1861, with thirty-six directors, of whom but two are now connected with the bank, one being the present president of the bank, Frederick W. Lincoln. The first president of this institution was
-
423
SAVINGS BANKS.
Osym Brewster, who remained at its head for twenty-six years. Ilenry Whittemore served as treasurer for twenty-five years. Frederick W. Lineoln, the present president, elected in January, 1889, has served for seven years as mayor of Boston, including the years from 1858 to 1861, and from 1863 to 1867. He is manager of the Boston Storage Ware- house Company; a director of the Continental National Bank, and the Boston Safe Deposit and Trust Company, while many of the other officials of the bank are closely connected with the management of national banks in Boston. Ebenezer Alexander has been treasurer since July, 1886, and George A. Fisher has been clerk since January, 1884. The board of trustees for 1892 is composed of the following gentlemen : Alexander Wadsworth, Thomas Gaffield, William H. Bald- win, James B. Richardson, Thomas J. Whidden, Stephen M. Crosby, M. P. Kennard, John C. Haynes, John J. Haley, Charles M. Seaver, S. B. Stebbins, James Longley, Otis Norcross, D. R. Emerson, George H. Eager, Curtis Guild, Abraham Avery, O. Il. Davenport, Joseph Sawyer, Albert E. Pillsbury, William H. Learnard, Francis H. Has- tings, James P'. Tolman, William B. Rice, George C. Appleton, William H. Emery, J. E. Whitney, Arthur Hobart, Joseph A. Brown, Jacob A. Dresser, F. W. Lincoln, jr., George V. Leverett, John Avery, Warren S. Dame, Wm. H. Leatherbee, Samnel N. Brown, George II. Phelps, Charles B. Cumings, James Arthur Jacobs, Charles F. Curtis, Henry S. Shaw, S. H. Williams, jr.
This bank for seventeen years was located at 52 Boylston street, but in April, 1893, was removed to the new building erected by the bank at 6 Park Square. This is a six-story office structure, which, in addi- tion to the counting room and offices of the bank on the ground floor, contains thirty-five offices, and is one of the best arranged bank and office buildings in Boston.
The following report shows the condition of this bank October 31, 1892:
ASSETS.
Public funds as per schedule
658,000.00
Bank stock as per schedule. 364,573.62
Loans on bank stock 7,200,00
Railroad bonds as per schedule 347,000.00
Loans on railroad stocks 15,000.00
Real estate (for banking purposes) .
151,539.60
Real estate by foreclosure
19,351.53
Loans on real estate 4,180,817.36
Loans on personal security
1,850,475.00
121
SUFFOLK COUNTY.
Loans to counties, cities or towns (notes).
$0,000.00
Deposits in banks, on interest
112.238.18
Expense account 6,103.69
Real estate income account
613.84
Suspense account 256.49
Cash on hand.
13,380.86
Total
$8,193,450.19
LIABILITIES.
Deposits
87,861.089.61
Guaranty fund
220,000.00
Interest account
7,505.78
Profit and loss account
34,854.80
Total
$8,193, 450.19
For the year ending at date of foregoing report there were received in deposits $1,855,345.53, representing 14,900 deposits; $1,402,610.13 were paid to 11,440 depositors during the same period. The number of open accounts at date of report was 16, 183.
BRIGHTON FIVE CENTS SAVINGS BANK.
The Brighton Five Cents Savings Bank was incorporated March 26, 1861, the incorporators named in the act being Charles Noyes, R. H. Green, H. H. Larnard, David Collins, J. F. Taylor, James Stetson, Samuel Bigelow, H. W. Jordan, W. W. Warren, James Dana, William Warren, George H. Brooks, John Ruggles and Theodore Matchett. The officers for 1892 are as follows: N. Warren Sanborn, president ; Benjamin M. Fiske, vice-president ; George E. Brock, clerk and treas- urer. The trustees are N. Warren Sanborn, Benjamin M. Fiske, Seth J. Thomas, W. F. Warren, G. A. Fuller, J. A. Hathaway, J. S. Dunek- Ice, P. Moley, S. N. Davenport, F. G. Newhall, G. F. Parker aud George E. Brock. The condition of the bank is shown by the following report made October 31, 1892:
ASSETS.
Public funds as per schedule
$ 28,562.50
Bank stock as per schedule 36,785.00
Railroad bonds as per schedule . 88,658.75
Real estate by foreclosure. 7,373.46
Loans on real estate
266,038.09
Loans on personal security 15,000.00
Deposits in banks, on interest 7,077.89
Expense account 785.92
425
SAVINGS BANKS.
Furniture and fixtures
940.00
Cash on hand
1,509.61
Total
$452,681.22
LIABILITIES.
Deposits
.8433,325.71
Guaranty fund
10,500.00
Interest account . .
6,582.81
Profit and loss account
1,988.29
Rent account
284,41
Total
8452,681.22
SOUTH BOSTON SAVINGS BANK.
The South Boston Savings Bank was incorporated on March 3, 1863, and organized July 28, of the same year, with the following officers: Henry Souther, president; D. M. B. Thaxter, treasurer; Benjamin Dean, Benjamin F. Bayley, Henry A. Drake, Hiram Emery, Eben Jackson, Samuel Leeds, Harrison Loring, Zibeon Southard, Samuel S. R. Spinney, Alpheus M. Stetson, D. McB. Thaxter, M. D., Lewis C. Whiton, Joseph Whiton, Joseph Winsor, Thomas Leavitt, and Albert J. Wright, trustees. Henry Souther served as president from 1863 to 1869; Frederick MeKerson, 1869 to 1877; George E. Alden, 1877 to 1881; Thomas Hills, 1884 to present time. The treasurers have been : D. MeB. Thaxter, from 1863 to 1874; George W. Ellis, 1844 to 1884; and Edward H. Barton, 1884 to present time. Benjamin Dean, who has served as vice-president since 1840, was at the time of the incorpo- ration of this bank a member of the city government and of the lower house of the Legislature, and since that date has been a member of the State Senate and of Congress. Mr. Drake served for many years on the School Committee. The Drake School-house was named for him. Messrs. Emery, Jackson, Leeds, Spinney, and Whiton have served as aldermen of Boston, and Messrs. Southard and Leavitt as representa- tives in the Legislature. Mr. Nickerson was one of the early directors of the Union Pacific Railroad, and has been upon boards of manage- ment of South Boston banks. Mr. Alden served as president during the panic era, and by his careful and wise management safely carried the bank through this rough financial period. Mr. Hills was a member of the Massachusetts House of Representatives in 1860, 1861 and 1865, and was elected an assessor of Boston in April, 1865, and since 186; has been chairman of the board.
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120
SUFFOLK COUNTY.
The South Boston Savings Bank is located in the midst of a popula- tion of wage carners, and has been of great service to the community. At the annual meeting in January, 1892, the deposits amounted to $2,506,019, and assets $2,695,499. It had at this time 18,992 open ac- counts. During the preceding years it had 18, 849 deposits, amounting to $159, 141, and payments were made to 11, HI depositors, amounting to $661,392. Semi-annual dividends of two per cent. have been reg- ularly declared for many years past.
The assets of this bank, October 31, 1892, were $2,943, 868. 12, amount of deposits $2, 656,866.83, total number of accounts 11,812, amount of deposits for year ending at date named $832, 940. 22, number of deposits for same period 20,669. Payments were made during the year to 11, - 952 depositors, representing a sum of $709,556.25.
THE ELIOT FIVE CENTS SAVINGS BANK.
The Eliot Five Cents Savings Bank was incorporated February 1, 1864. It commenced operation under the following officers: President : W. S. Leland; vice-presidents, Ira Allen, Henry Bartlett, Rev. John O. Means, Theodore Otis, Rev. George Putnam, and Joseph S. Ropes; secretary, George H. Monroe; treasurer, Charles R. Washburn; trus- tees, James E. Adams, Calvin Allen, Thomas Bagnall, Joseph N. Brewer, Gottlieb F. Burkhardt, John Backup, Nelson Curtis, George Curtis, Joseph W. Dudley, Henry Guild, Ivory Harmon, Charles Hick- ling, Alonzo Josselyn, John B. Kettell, Alvah Kittredge, George Lewis, John F. Newton, William Newsome, James Ritchie, Shubach G. Rogers, William Seaver, Charles Stearns, Joseph W. Fueker, and Charles Whit- tier.
William S. Leland was president until his death in 1869. He was succeeded by Henry Bartlett, who died in 1822, and was followed by William C. Appleton, who continued to hold the position until his resig- nation, April 13, 1886. John Carr, the president of the First National Bank, was chosen Mr. Appleton's successor, and has since served in this capacity. He is also president of the First National Bank of Bos- ton.
Charles R. Washburn, the first treasurer of this institution, served until his resignation, July 6, 1868. He was succeeded by George C. Leach, who held the position until his death on July 30, 1889, after which the present treasurer, Frank E. Granger, was chosen. Mr. Granger has been in the service of the bank for twenty-one years.
SAVINGS BANKS.
George H. Monroe, the first secretary, resigned April 13, 1869, and was succeeded by John F. Newton, who has continued to serve in this capacity up to the present time.
The other officers of the bank, serving at the present time, are: Vice-presidents. Ivory Harmon, and Charles Whittier; trustees: John Backup, Judson Baldwin, L. W. Morse, Gorham Rogers, F. () White, George S. Curtis, Isaac Y. Chubback, Ivory Harmon, John Carr, S. B. llopkins, Charles Whittier, William O. Curtis, Joseph Houghton, Tim- othy Smith, William S. Leland, Francis A. White, Edward G. Morse, Henry M. Harmon, G. C. George, John F. Newton, Frederick Guild, and Walter R. Means.
The following report, made October 31, 1892, shows the present con- dition of this bank :
ASSETS.
Public funds as per schedule
276,000.00
Loans on public funds.
23,000.00
Bank stock as per schedule.
57,200.00
Loans on bank stock
1,500.00
Railroad bonds as per schedule
334,500.00
Loans on railroad bonds
27,000.00
Loans on real estate.
1,326,511, 15
Loans on personal security
930,000.00
Loans to counties, cities or towns (notes)
30,000.00
Deposit in bank, on interest
99,985.64
Deposit in bank, not on interest
5,000.00
Expense account
572.69
Short on surplus account
183.79
Cash on hand
1,220.63
Total
$3,118,674.10
LIABILITIES.
Deposits
$3,009,546.09
Guaranty fund
75,596.16
Interest account
1,057.20
Profit and loss account
27,174.74
Tax account.
4,000.00
Suspense account
1,299.91
Total
$3,118,674.10
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The number of open accounts at date of the above report was 9,942, the deposits for the year ending at time named were $$03,583.43.
428
SUFFOLK COUNTY.
BOSTON PENNY SAVINGS BANK.
The Boston Penny Savings Bank was incorporated April 6, 1864. The incorporators named in the aet were Amos B. Merrill, Edward A. Raymond, Pliny Nickerson, Alden Speare, Moses Kimball, Albert J. Wright, R. K. Potter, Zibeon Southard, John P. Robinson, George Il. Davis, Job A. Turner, Joseph F. Paul, Jesse Holbrook, A. A. Ranney, C. A. Richards, Judah Sears, Hiram Emery, Benjamin Smith, Charles G. Greene, Francis J. Parker, William Brigham, Stephen Smith, Will- iam Fox Richardson, George Eaton and Joseph T. Bailey. The officers of the bank for 1892 are as follows: George W. Pope, president; Pliny Nickerson, Nathan Crowell, J. A. Paige, John Sweetser. Asa 11. Caton. W. A. Rust, J. Q. A. Brackett, Frederick Allen, Richard Leeds, J. 11. Hathorne, John J. MeNutt and Dexter N. Richards, vice-presidents: llenry R. Reynolds, treasurer and clerk of the corporation. The trustees are John Goldthwait, Frank B. Thayer, J. A. Pray, T. N. Hart, J. D. Morton, E. P. Wilbur, Charles L. Damrell, B. F. Rollins, 11. S. Potter, Henry R. Beal, George Nowell, Francis H. Williams, F. K. Piper, Silas W. Loomis, A. H. Higgins, James D. Melellan, Charles H. Crump, Franklin Crosby, M. Everett Ware, J. L. Whiting, Charles C. Harvey, Joseph H. Goodspeed, George B. Woodward and James L. Pope.
The condition of the bank is shown by the following report made October 31, 1892:
ASSETS.
Bank stock as per schedule
8 89,580.50
Loans on bank stock 5,500.00
Real estate (for banking purposes)
115,000.00
Loans on real estate 806,070.55
Loans on personal security
471,000.00
Deposit in bank, on interest
68,036.82
Expense account
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