USA > New Hampshire > Hillsborough County > Manchester > Willey's semi-centennial book of Manchester, 1846-1896, comprised within the limits of the old Tyng Township, Nutfield, Harrytown, Derryfield, and Manchester, from the earliest settlements to the present time > Part 39
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Before the establishment of any bank in Manchester the Amoskeag Manufacturing Com- pany received money on deposit from its operatives and other employes, for which it is to be presumed profitable investment was found as an addition to the quick capital in use. This practice, however, was discontinued after a few years.
THE MANCHESTER SAVINGS BANK was chartered June 8, 1846. It organized with Samuel D. Bell, president; Nathan Parker, treasurer, and Daniel Clark, Herman Foster, Na- hum Baldwin, George Porter, David Gillis, Wil- liam P. Newell and Hiram Brown, trustees. On the resignation of Mr. Bell, Hiram Brown was chosen to succeed him, and was followed in 1848 by William P. Newell, who held the position until his death, in 1882, and was succeeded by Daniel
THE MANCHESTER BANK was char- tered in December, 1844. It held its an- Clark, who died in 1891, when Charles D. Mc- nual meeting in July, 1845, and organized as Duffie was made president. Vacancies in the board of trustees have been filled by George W. Pinkerton, Oliver W. Bayley, William C. Clarke, J. T. P. Hunt, Josiah Crosby, David A. Bunton, Benjamin F. Martin, Charles E. Balch and Charles Wells, all of whom have passed away. The organization in 1895 is: Charles D. Mc- Duffie, president; Walter M. Parker, treasurer ; Charles F. Warren, Stephen N. Bourne, Hiram Hill, Isaac W. Smith, Frederick C. Dow, John C. Ray, Walter M. Parker, W. Byron Stearns, trus- tees; George H. Holbrook and Mitchell Ward. tellers. Soon after the organization of this bank in 1852, we are told in the City Directory of that year that it had $30,000 deposits. According to the commissioner's report of 1894 it had $7,229,- 449.78. follows; James U. Parker, president; Nathan Parker, cashier ; James U. Parker, Samuel D. Bell, David A. Bunton, Hiram Brown, Jona- than T. P. Hunt, William C. Clarke and Isaac Riddle, directors. The bank was located in Patten's building, up one flight, on the left of the entrance. It began business Sept. 2, 1845, with a capital of $50,000, which was increased at various times until it reached $150,000. In 1856, upon the burning of Patten's building, the bank, after a temporary sojourn in Merchants Exchange, was moved to the present location of the Manchester National bank, on the corner of Elm and Market streets. It did business for twenty-one years, until 1866, when it made distri- bution of its earned surplus to stockholders, amounting to one hundred and forty dollars a share. In 1865 the Manchester National bank was organized by choice of the following officers: T THE AMOSKEAG BANK was incorporated Junc 24, 1848, and began business in October following in the second story of Union building, with the entrance on Market street. Its capital of $100,000 was subsequently doubled, and the organ- ization was as follows : Richard H. Ayer, president ; Moody Currier, cashier ; Richard H. Ayer, Samuel D. Bell, Macc Moulton, Stephen D. Green, John S. Kidder, Stephen Manahan and Edson Hill. directors. Mr. Ayer died in 1853, and Walter French was chosen president, which post he held but a few months, when he lost his life in a rail- road accident at Norwalk, Conn., and was suc- Nathan Parker, president; Charles E. Balch, cash- ier; Nathan Parker, Benjamin F. Martin, Phine- has Adams, Gilman H. Kimball, John H. May -- nard, David A. Bunton, and Horace P. Watts, directors. In 1874 Aretas Blood was chosen director in place of Gilman H. Kimball, deceased. With the death of Nathan Parker, and of John H. Maynard May 7, 1894, all of the members of the original official board had passed away. At the present time the organization is as follows: Wal- ter M. Parker, president; W. Byron Stearns, cashier ; Frank E. Putney, assistant cashier ; N. S. Clark, William J. Hoyt, Walter M. Parker, ceeded by John S. Kidder, who retained the office
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until 1868, when the bank closed its affairs and Stevens James, and Warren L. Lane. There were made distribution of its capital and surplus to stockholders. Among those who were chosen directors from time to time to fill vacancies were Robert Read, Isaac C. Flanders, Ezekiel A. Straw, Herman Foster, Reuben D. Moore, Amos G. Gale, James M. Berry, Adam Chandler, Henry Putney, Edson Hill, Daniel F. Straw, Lueien B. Clough, and George Byron Chandler. Of the score or more of gentlemen mentioned above, prominent in business affairs, only four remain at the time of the present writing.
THE AMOSKEAG NATIONAL BANK commenced business in 1864, with a capital of $100,000, which was inereased the next year to $200,000. It was organized as follows: Moody Currier, president ; George Byron Chandler, cash- ier; Moody Currier, John S. Kidder, Stephen D. Green, Edson Hill, Henry Putney, Adam Chand- ler, Daniel Clark, Darwin J. Daniels, and Horace Johnson, directors. In June, 1870, the rooms in Union building were exchanged for the present commodious quarters in Merchants Exchange. Otis Barton, John S. Elliot, Reed P. Silver, Henry Chandler, Herman Foster, David B. Varney and John B. Varick have at various times been chosen as direetors in place of others removed by death. Its official board in 1895 is as follows; George B. Chandler, president ; John M. Chandler, eashier ; George B. Chandler, Henry Chandler, Edward M. Slayton, John B. Variek, Herman F. Straw, David bank. B. Varney, Gustavus A. Olzendam, Lewis H. Josselyn, directors.
T HE AMOSKEAG SAVINGS BANK held its first meeting June 23, 1852, and ehose Walter French president, Moody Currier treas- urer, and Isaae C. Flanders, William Richardson, Frederick Smyth, Samuel H. Ayer, Jacob G. Cilley, John S. Kidder, Timothy W. Little, and Stephen Manahan, trustees. On the death of Mr. French, Mace Moulton was chosen president, and in a few years Messrs. Ayer, Smyth, Flanders, and Kidder resigned, to be sueceeded by Oliver W. Bayley, Joseph Knowlton, Stephen D. Green,
frequent changes resulting from deaths and re- movals from town, and in 1875 Moody Currier was president, treasurer, and a member of the board of trustees, with Stephen D. Green, Jacob F. James, Henry C. Merrill, Joseph E. Bennett, Lucien B. Clough, James A. Weston, and George W. Riddle. At the present time Messrs. Currier and Bennett are the surviving trustees. Otis Bar- ton, Henry Chandler, Allen N. Clapp, Gordon Woodbury, Albert O. Brown, and Roger G. Sulli- van takc the places of the above named deceased. Moody Currier resigned his office as treasurer, and Henry Chandler was chosen to succeed him. By the commissioner's report of 1894 the amount of deposits was $4,332,354.45, and the guaranty fund $250,000.
THE PEOPLE'S SAVINGS BANK began 4 business October 18, 1874, with Person C. Cheney president, George B. Chandler treasurer and member of the board of trustees, with Elijah M. Topliff, Atherton W. Quint, Henry M. Put- ney, Moody Currier, Charles H. Bartlett, Abra- ham P. Olzendam, Edson Hill, and George W. Riddle. Messrs. Quint, Hill, and Riddle having deceased, John B. Varick, George F. Elliott, and Joseph L. Stevens werc ehosen to sueeeed them. In 1894 the amount of deposits was $770,618.89, and the guaranty fund $100,000. Both savings banks oeeupy rooms with the Amoskeag National
THE CITY BANK was organized July 2, 1853, with the following board of officers; Isaac C. Flanders, president ; Edward W. Har- rington, cashier; Isaae C. Flanders, Samuel W. Parsons, Joseph Kidder, William C. Clarke, Oliver Bayley, William, H. Hill, and Andrew G. Tueker, directors. Its eapital was $100,000, in- ereased the following year to $150,000. For a few months the bank oeeupied rooms on the south corner of Elm and Hanover streets, and then moved to the postoffice building, now the store of Frank W. Fitts, Nos. 9 and 13 Hanover strect. In 1870 it was removed to its present location, in
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Merchants Exchange, corner of Elm and Man- chester streets, and the name changed to Mer- chants' Bank. It was reorganized as a national bank in 1865, with Clinton W. Stanley president, and Daniel W. Lane assistant cashier. At the present time only one of the original directors, Joseph Kidder, is living. James A. Weston was chosen president to succeed Clinton W. Stanley, who resigned that office in 1879. Mr. Weston died in 1895, and the present organization is as follows: Nathan P. Hunt, president; Arthur M. Heard, cashier ; Nathan P. Hunt, John C. French, Bushrod W. Hill, John M. Parker, Charles H. Bartlett, Andrew Bunton, William N. Johnson, Walter G. Africa, Daniel W. Lane, and James H. Weston, directors.
T' THE CITY SAVINGS BANK was organized for business in August, 1859, as follows : Joseph Kidder, president ; Edward W. Harring- ton, treasurer ; Samuel W. Parsons, James Hersey, John D. Bean, R. N. Batchelder, James S. Cheney, Andrew G. Tucker, J. C. Rickcr, Bradbury P. Cilley, James S. Cogswell, and John F. Duncklee, trustees. In 1874 Lewis W. Clark, John C. Young, William H. Boyd, William B. Johnson, and Daniel W. Lane had at various times been members of the board of trustees in place of others removed from town or deceased, and in 1879, in consequence of some unfortunate invest- ments, the bank wound up its affairs and settled with depositors.
T CHE GUARANTY SAVINGS BANK was organized in 1879 by choice of John M. Parker, president, and James A. Weston, treasurer ; Nathan P. Hunt, Alonzo Elliott, Bushrod W. Hill, J. M. Parker, David A. Parker, John P. Moore, James A. Weston, H. K. Slayton, and John Kennard, trustees. A guaranty fund of $50,000 was subscribed and paid in for the security of depositors, which was later increased to $100,- 000. Its place of business was with the City National bank, and its present organization is as follows: John M. Parker, president; Nathan P. Hunt, treasurer; Edwin H. Carpenter, teller ;
John M. Parkcr, Nathan P. Hunt, Kendrick Ken- dall, Hiram K. Slayton, Alonzo Elliott, John C. French, John Kennard, Bushrod W. Hill, and James H. Wcston, trustees. Messrs. Parker, Hunt, and French constitute the exccutive com- mittee. The amount of deposits, according to the commissioner's report of 1894, was $851,444.02.
THE FIRST NATIONAL BANK was in- corporated under the name of the Merrimack River Bank, July 14, 1855. The charter was granted for the term of twenty years from July 15, and was accepted August I by the grantees. The first meeting took place at the office of Fred- erick Smyth, No. 4 Smyth's block. The capital stock was fixed at $150,000, which was all taken and paid in by November 7 following. It or- ganized by choice of William G. Means, president ; Frederick Smyth, cashier; William G. Means, William P. Newell, William Whittle, Waterman Smith, John H. Moore, B. F. Martin, and David Cross, directors. In November, 1856, Mr. Whittle resigned, and Phinehas Adams succeeded him, and in 1859 Joscph B. Clark was made director. Mr. Means resigned as president and was suc- ceeded by Waterman Smith, who held the office until 1884, when he resigned and Frederick Smyth was chosen. Meantime various changes had taken place in the directorate. In 1860 Messrs. Martin, Moore, Newell, and Adams resigned. Aretas Blood, William W. Brown, Richard N. Batchelder and Natt Head were chosen. On March 22, 1865, the stockholders voted to reor- ganize under United States laws, the directors re- maining unchanged until 1868, when Thomas Wheat took the place of Aretas Blood. William W. Brown died in 1875 and was succeeded by Francis B. Eaton. In 1884 the organization was as follows: Fredcrick Smyth, president; David Cross, vice president; Charles F. Morrill, cashier ; David Cross, Joscph B. Clark, Thomas Wheat. Frederick Smyth, Francis B. Eaton, Frank Dowst, and Joseph F. Kennard, directors. Since that time Mcssrs. Clark, Kennard, and Wheat have been removed by death. Charles F. Morrill re- signed his position as cashier, and the official board at present is as follows : Frederick Smyth, presi-
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dent ; David Cross, vice president; Francis B. number of trustees has been reduced from seven- Eaton, Freeman Higgins, William F. Head, teen to fifteen, and the present organization is as Josiah G. Dearborn, George W. Dodge, and John C. Ray, directors. This bank has been located since its incorporation, at the south corner of Elm and Water streets, in Smyth's block, at first on the second floor and since occupying the entire depth of one store on the first floor.
T THE MERRIMACK RIVER SAVINGS BANK was incorporated in June, 1858, under the name of the Manchester Five Cent Savings Institution. In 1865 a change of name was authorized by act of legislature. The first meeting for organization was held July 14, 1858, and the following officers were chosen : Waterman Smith, president; E. W. Harrington and George Porter, vice presidents; Frederick Smyth, treas- urer and clerk ; Benjamin F. Martin, Frederick Smyth, John B. Clarke, John L. Kelly, James M. Varnum, Thomas Wheat, George Thompson, Joseph B. Clark, Isaac W. Smith, William B. Webster, Frank A. Brown, Peter S. Brown, Josiah S. Shannon, Alonzo Smith, Warren Page, Albe C. Heath, E. S. Peabody, and Joseph A. Haines, trustees. At the present writing (August, 1895) four only of the above named gentlemen are living - Frederick Smyth, Isaac W. Smith, James M. Varnum, and Josiah S. Shannon. In 1885 Waterman Smith resigned the office of pres- ident, and Frederick Smyth was chosen in his place, with Francis B. Eaton and Joseph B. Clark vice presidents, and Charles F. Morrill, treasurer and clerk. Other gentlemen who have acted as trustees and been removed by death are William W. Brown, George P. Whitman, Natt Head, E. M. Tubbs, Joseph Kennard, John Brugger and M. V. B. Edgerly. Messrs. William S. Perry and Stephen Palmer resigned before their deaths. Charles F. Morrill resigned his connection with the bank in 1892, and on the death of Joseph B. Clark, David Cross was chosen as a vice president. William Crane of Candia was made a trustee in 1874 and resigned in 1894; Frank Dowst, chosen in 1880 and resigned in 1892, and Henry C. San- derson, chosen in 1877 and resigned in 1895. By a recent vote of members of the corporation, the
follows: Frederick Smyth, president and treas- urer; David Cross and Francis B. Eaton, vice presidents and members of the board of trustees, with Charles H. Bartlett, William F. Head, George W. Dodge, J. Q. A. Eager, Freeman Hig- gins, John Porter, James F. Baldwin, Horatio Fradd, Josiah G. Dearborn, Arthur H. Halc, Abraham F. Emerson, John C. Ray, and Leonard G. Smyth. Arthur H. Hale, assistant treasurer ; A. F. Emerson, teller. The amount of deposits, by the report of 1894, was $2,653,601.04, and the guaranty fund $170,000.
THE SECOND NATIONAL BANK began business in 1877, in rooms adjoining the city treasurer's office in city hall. The capital stock paid in was $100,000, and the organization was as follows: Arctas Blood, president; Josiah Carpen- ter, cashier; Aretas Blood, Josiah Carpenter, Nehemiah S. Bean, Frank P. Carpenter, and John Hoyt, directors. The only change has been the choice of Frank C. Towle in place of John Hoyt, deceased.
T HE MECHANICS SAVINGS BANK, granted perpetual charter in 1876, began business in 1878, with Aretas Blood, president; Josiah Carpenter, treasurer ; Aretas Blood, Josiah Carpenter, John Hoyt, N. S. Bean, George W. Dodge, Henry E. Burnham, and Frank P. Car- penter, directors. In 1882 Mr. Blood resigned, Henry E. Burnham was chosen president, and William J. Hoyt succeeded John Hoyt as trustee. George W. Dodge resigned in 1895 and was suc- ceeded by Rufus H. Pike. Mr. Pike died in 1895, and the organization at present is as follows: Henry E. Burnham, president ; Josiah Carpenter, treasurer ; Henry E. Burnham, Josiah Carpenter, N. S. Bean, Charles T. Means, F. P. Carpenter, and Henry W. Parker, trustees. Consequent upon the remodelling of the city hall, both banks have removed to the Kennard, corner of Elm and Mechanic streets. The amount of deposits, by the last commissioner's report, was $431,864.07, and the guaranty fund $18,000.
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WILLEY'S BOOK OF NUTFIELD.
T HE BANK OF NEW ENGLAND was incorporated in 1887 and organized as fol- lows: James F. Briggs, president, and Alonzo Elliott, treasurer, who with Alpheus Gay, Oliver B. Green, J. A. V. Smith, Daniel Connor, John Gillis, Edward Wagner, A. G. Grenier, Henry Gazaille, George S. Holmes, John J. Cilley, Henry N. Hall, William N. Johnson, and H. B. Burnham constituted the board of directors. It is located on the north corner of Elm and Han- over streets. The capital stock paid in was $100,- O00. In 1894 the bank had relinquished its busi- ness as a savings institution and was returning money to its depositors as fast as could be done without loss from the sale of securities. As a bank of loan and discount it still continues its business.
T HE NATIONAL BANK OF THE COM- MONWEALTH, having been duly au- thorized, commenced business February 3, 1892, with Joseph C. Moore president and Charles F. Morrill, cashier. Fifteen other gentlemen, all of good financial standing, with Messrs. Moore and Morrill, constituted the board of directors. The capital stock was $100,000. New and convenient rooms were fitted up at No. 818 Elm street, and for a short time prosperity seemed assured. The directors, however, had little practical knowledge of banking, the times were inauspicious, and in July, 1893, the bank was in the hands of a receiver. The depositors have received a part of their money, and it is the opinion of the receiver that they will ultimately be made whole without assess- ing the stockholders.
T THE DERRYFIELD SAVINGS BANK, with Messrs. Moore aud Morrill as president and treasurer, respectively, began business in the same rooms, July 1, 1892, with a large board of trustees and a guaranty fund of $100,000. It shared the fate of its room-mate and went into the hands of a receiver in little over a year. Several dividends have been paid to depositors, and it now seems probable that they will meet with no loss, although it is doubtful if there be any surplus to divide among the subscribers to the guaranty fund.
A DRUNKARD'S FUNERAL .- The follow- ing is a copy of a well preserved poster which is now in the possession of the publisher of this work. The poster was printed about 1846 :
TO THE PUBLIC and all interested in the cause of Temperance. At a meeting of some of the friends of the cause of Temperance, at the Temperance House of Stephen Chase, the following gentlemen were chosen a Committee to make arrangements for the Funeral of Samuel H. Benson, who was accidentally found in the woods near this village last Wednesday night under the influence of Delirium Tremens. and brought here to die the death of a Drunkard. The young man came to Manchester about the time he was 21 years of age. and we believe a sober man, here contracted the habit of indulg- ing in the moderate use of the intoxicating cup, has here spent his last cent, has here run the Drunkard's race, and got home to a Drunkard's resting place. Under these circumstances. the friends of Temperance have thought proper to have a Drunk- ard's Funeral, in hopes that this warning from the grave may serve to open the eyes of the community, that they may see the horrid effects of this blighting curse to our growing village. We would, therefore, as the Committee of Arrangements, kindly in- vite all of our fellow-citizens, without regard to sex. age or occupation, to come to the Drunkard's Funeral. We kindly invite the Drunkards and the Drunkard Makers; we kindly invite the drunkard's wife and his innocent children ; we kindly invite those who encourage the sale of intoxicating drinks by letting your buildings for the sale and traffic in it : we finally in- vite all to come.
EDWARD P. OFFUTT, WM. HAYWARD, JOSEPH C. MORE, NAHUM BALDWIN, D. P. PERKINS,
Committee of
Arrangements.
The following are the arrangements :-- The services will commence at the Temperance House of Stephen Chase, Elm- st., No 23, at 1 o'clock, P. M., Friday, June 24.
Ist. Prayer will be offered by Rev. Mr. Upham, after which the procession will form on Elm-st., in the following order :
Ist. The corpse will be borne to the hearse by the pall bearers. 2d. the officers of the Washington T. A. S. 3d. The clergymen of the place. 4th. All the Ladies who feel disposed to walk. 5th. The members of the W. T. A. S. and all friendly to the cause of temperance, and all who feel disposed to join in the procession. The hearse with the corpse will stop oppo- site Deacon Plummer & Co.'s Rum Cellar, usually known as Loafers' Corner, whilst the procession is filling up.
The procession will then move on as far as the Town House where they will.come to a halt. The Pall Bearers will then remove the corpse to the Town Hall in front of the desk. when the procession will move into the Hall and take the side pews, the centre pews being reserved for the Ladies of the place. Services will then commence with Prayer by the Rev. Mr. Sinclair. Rev. Mr. Upham will select and read such por- tions of Scripture and Hymns as he may think proper for the
35
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WILLEY'S BOOK OF NUTFIELD.
oce s on. The singing will be under the direction of Nr. Horr.
The Rev. Mr. Wallace will then address the assembly, and will be followed by remarks from the Rev. Mr. More. Mr. Sin- clair will close at the Hall by Prayer. The bearers will then re- move the corpse to the door of the Hall, where all who feel dis- posed can view the corpse, and can hand in their names to the Secretary of the W. T. A. S. who will be present, if they feel disposed to join said Society. The corpse will then be borne to the hearse by the Bearers. The procession will then form as follows :- ist. The Rum Sellers are respectfully invited to fall in to the procession as mourners, and those who encourage the sale of intoxicating drinks by letting their buildings for that purpose. 2d. The officers of the W. T. A. S. are then invited to fall in. 3d. The Clergymen present. 4th. The Ladies. 5th. The members of the Society, including all friendly to the cause of Temperance. 6th. The hearse will come to a stand oppo site the Company's Tavern, and give all who feel disposed an opportunity to fall in to the procession invited to go to the grave.
JOEL DANIELS, son of Nathan and Mehit- abel (Walker) Daniels, was born in Union, Me., Dcc. 10, 1833. He was one of five children,
JOEL DANIELS.
and both his parents were natives of that town. After studying in the common and high schools of Union, he went to Pawtucket, R. I., at the age
of eightcen and learned the painter's tradc. Returning to Maine, he worked one year at Rock- land, and in 1855 went to Lawrence, Mass., to take charge of the painting at the Atlantic mills. He came to Manchester in 1864 and for three years had charge of the painting in the Manches- ter mills and Print Works. In 1869 he established himself in the business of house and sign painting in the basement of Smyth's block, removing in 1878 to his present location, No. 1094 Elm strect, where he opened a store with a stock of paints, oils, paper hangings, ctc., this being the first house of its kind in the city. He has also continued his former business of house and sign painting. Mr. Daniels was married in 1856 to Eliza Roach,
All are respectfully . daughter of Selman Roach of Wilton, Me., and
four children were born of this union, two of whom survive : Harrict E., one of the proprietors of the Daniels & Downs Private School of this city, and Joel S., a bookkeeper for the E. M. Slayton Com- pany. Mrs. Daniels died in November, 1891. Mr. Daniels is an attendant at the Lowell-Street Universalist church ; a member of the Masonic order, Odd Fellows, and Patrons of Husbandry, a charter member of the Calumet Club, director of the Manchester Art Association, and treasurer of the Veteran Firemen's Association, having been foreman of the Excelsior Hook and Ladder Company. Hc is a Democrat, was president of the common council in 1876, and has been a member of the school board.
LFRED TRACY was born in Cornish in
A 1833. He came to Manchester from Clare- mont in February, 1891, to accept a position as forc- man of the book binding department of the John B. Clarkc establishment. Here he remained until his death, which occurred June 23, 1896. Three years ago he was married to Miss Lizzie Barker of Manchester, being his second marriage. Hc grew continually in the esteem and affection ALFRED TRACY. of those who were in any way associated with him.
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WILLEY'S BOOK OF NUTFIELD.
E DWARD J. BURNHAM, son of John C. mother. During such spare moments as he could and Angeline H. Burnham, was born in Epsom July 6, 1853. His boyhood and youth were passed upon his father's farm and in attend- ance upon Pembroke and Pittsfield academies and Bates College. He entered the office of the Dover Press in 1875, and in the spring of 1880 accepted a position on the Manchester Union, chosen profession. where, in one capacity and another, he has since remained, for several years past having been leading editorial writer. He has been for four years lecturer of the New Hampshire State Grange, and for eight years secretary of the Manchester Building and Loan Association, with which he was identified from the beginning. He is at present a director in the Union Publishing Company, trustce of the Elliot Hospital, treasurer of the Elec- tric Club, and chair- man of the exhibition committee of the semi- centennial celebration of Manchester. Mr. Burnham is married and has four children.
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