USA > Rhode Island > Providence County > History of Providence County, Rhode Island, Volume I > Part 66
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HISTORY OF PROVIDENCE COUNTY.
was purchased of Mr. Powell by Messrs. Clark & Charnock. During these years the stars of the stage in their turn appeared before Providence audiences in this building. William Dinneford became its lessee in 1828. In 1831 the "Capture of Prescott," a local subject, was prepared by Mr. S. S. Southworth and presented on the stage. Messrs. Philip Case and William Marshall were now lessees of the theater, and it was occupied by different companies that from time to time came along. Thomas Hilson, the last manager of the Provi- dence Theater, opened his season February 13th, 1832, and closed it on March 23d, with the performance of the " Merry Wives of Wind- sor." The property being unproductive to the stockholders, they now sold it to the corporation of Grace church, and it was speedily converted into a house of worship. Several years later the building was torn down. and upon its site was erected the brown stone church edifice, which is now one of the chief architectural objects of interest on Westminster street.
Theatrical performances had now to take up with such accommo- dations as they could find in the armories on Benefit street for a few years. The Lion Theater was fitted up in a brick building on Fulton street, which had previously been used for a circus. This was opened on the 10th of May, 1836. Its career was, however, a short one, for on the 12th of September following it was burned to the ground. A theater was fitted up soon after that in Washington Hall, a building which stood near Turk's Head. It was under the management of a company of so-called amateurs, but it was afterward shown that they were professionals, and thus had violated their license, which was thus forfeited, and, being revoked by the city, they were obliged to close their doors. It is said that John B. Gough, who was then a book-binder, was among the company concerned in this theater.
Ground was broken for a new theater on the east side of Dorrance street May 28th, 1838. The site was between Pine and Friendship streets. The prejudice against the drama now appeared again in a petition, signed by six hundred persons, praying the board of alder- men to take action to suppress the enterprise. The petition, how- ever, was not regarded, and the building went on. It was of stone, the basement of granite and the upper stories plastered and pointed. Its length was 110 feet and its width 65 feet. In the auditorium there was a pit, a circular gallery and two tiers of boxes. The in- terior decorations were rich and artistic, and the act drop, a repre- sentation of the Capitol at Washington by moonlight, was considered an excellent specimen of the scene painter's art. The new theater was named Shakespeare Hall, and it was opened on the 29th of Octo- ber, 1838, with the plays of " The Soldier's Daughter " and " A Pleas- ant Neighbor." Several seasons of little success followed, and to the embarrassment of small patronage was added the casualty of a fire which gutted the building October 25th, 1844.
548
HISTORY OF PROVIDENCE COUNTY.
Some success attended the efforts later made to establish theatri- cal representations in a hall on South Main street in 1846, and a little later in Cleveland Hall, on North Main street, in the building next north of the present Elizabeth Building. This hall was given up for that use about 1850. The Providence Museum was opened on the 25th of December, 1848, by W. C. Forbes. It was situated on West. ininster street, fronting on Orange street, on the site since occupied by the Phoenix Building. The building was destroyed by fire Oc- tober 27th, 1852. A new theater, known as Forbes' Theater, was soon after erected on the site of the Museum, and opened September 6th, 1854. Success did not for a continued length of time perch upon its banners, and it was finally closed, except to an occasional travelling company. After having been in this condition for some time. it was destroyed by fire November 15th, 1858.
In the summer of 1857 a small wooden building at the corner of Pine and Orange streets was opened by a company under the man- agement of George. H. Griffith. In 1858 the old Second Baptist meet- ing house was fitted up for a theater. This was known as Swarts' Hall, and it stood on the corner of Pine and Dorrance streets. For a time variety entertainments were given there under the direction of George Wyatt. After the destruction of Forbes' Theater this hall was enlarged and renovated, and on the 5th of September, 1859. it opened as the Pine Street Theater, under the management of Edwin Varrey and W. A. Arnold, both of whom had been connected with Forbes' Theater. This venture proved unprofitable, and the hall was soon after closed. The Academy of Music, in the Phoenix Building, which was erected on the site of Forbes' Theater, was opened on the 28th of June. 1860, by a concert under the direction of Carl Zerrahn.
The city hall; at the corner of Dorrance and Washington streets, was opened as a public hall January 4th. 1865. At first it was used principally for concerts, lectures and various literary entertainments, but after a time it developed into a regular theater. It was known as Harrington's Opera House, and continued in use as a popular place of amusement until 1871. In June, 1871, the Providence Opera House Association was chartered, having a capital of $100,000, and the erec- tion of a theater was immediately commenced. The building was erected with remarkable expedition, and on the 4th of December. 1871, it was opened under the management of William Henderson, who had leased it for a long term of years. Here the last stock com- pany formed in Providence gave representations of the drama. This was during the season of 1876.7. Mr. Henderson withdrew from the management, and the theater has since been run as a combination house. One of the prominent places of amusement is Keith's Gaiety Opera House, located at 192 Westminster street. This was at first known as Low's Opera House, and was inaugurated as a theater March 4th, 1878. by a concert given by the full American Band and
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HISTORY OF PROVIDENCE COUNTY.
an address by Mayor Doyle. The first regular dramatic performance given there was the play of " Uncle Tom's Cabin," by the Wilkinson Company, on the following night. It was for several years under the management of its owner, William H. Low. In 1888 it was changed to its present name. Keith's Opera House. The building is constructed of brick and iron, trimmed with olive stone and white brick. The stage is 36 feet deep and 100 feet wide. The main en- trance was formerly on Union street, but in 1882 a grand entrance was made on Westminster street. At the same time a gallery was added, by which the seating capacity was increased from 1,500 to 1,800, and the whole interior was redecorated. Music Hall, located at 276 Westminster street, is used for concerts, lectures, fairs and the like. Its shape is rectangular and its size 105 by 85 feet. It also has a gallery on three sides and a second gallery in the rear. It is fur- nished with a powerful pipe organ for concerts, and the stage accom_ modates an orchestra of 60 and 300 singers. The hall has a seating capacity of 2,200. The hall was enlarged and the interior rearranged in 1881. The Sans Souci Garden, on Broadway, opposite Jackson street, is a popular place of resort during the summer. It contains a theater, rebuilt in 1882, having a seating capacity of 1,200, in which comic operas and light comedies are given. The Westminster Musee, at 266 Westminster street, furnishes a variety of amuse- ments.
The Amateur Dramatic Hall, on the corner of South Main and Pow- er streets, was erected in 1833, for a church, and after being used as such by the Power Street Methodist Episcopal church for nearly 40 years, was afterward used as a riding school, and since 1876 has been used for dramatic performances and similar purposes. The Theater Comique is a small theater, remodelled and refurnished for the pur- pose, in 1881, is located at 83 Weybosset street, and devoted chiefly to the " variety " class of performances. Other halls in the city, of which we cannot speak in detail are: Alfredian, at Veazie, near Branch avenue; Bassett, at 49 High street; Blackstone, on the corner of Washington and Snow streets; Carrol, at 281 High; Cheapside, at 28 North Main; Dimond, at 169 Charles; Dyer's Opera House, at Olneyville Square; Eddy's Hall, at 373 High street; Franklin, at 62 Westminster; Freedom, at 901 Eddy; Gorton's, at Potter's avenue, near Cranston; Haggai, at 41 Weybosset; Harmony, at 70 Weybosset; Howard, at 137 Westminster; Lester, at 116 Cranston; Infantry Hall, in the armory, 108 to 132 South Main; Moshassuck Hall, 70 Weybos- set; North Star, at Charles street and Chalkstone avenue; Odd Fel- lows', at 97 Weybosset; Oriental, at 255 High; Phenix, at 129 West- minster: Pythian, at 56 Westminster; Slade, at Washington and Eddy streets; Springer, at 927 High; Steinway, at Westminster and Snow streets; Temperance, at 225 Westminster; Temperance, at Eddy street and Potter's avenue; Unity, at 275 High: and Wans- kuck, at 320 Branch avenue.
CHAPTER XIX.
BANKS AND INSURANCE COMPANIES OF PROVIDENCE CITY.
Banking Facilities .- Board of Trade .- First Banking Institutions .- The Providence Bank .- Exchange Bank .- Roger Williams Bank .- Union Bank .- Merchants Bank. -Eagle Bank .- Manufacturers' Bank .- Mechanics' Bank .- Mechanics' and Manu- facturers' (5th National) Bank .- High Street Bank .- Arcade (R. I. National) Bank .- Weybosset Bank .- Blackstone Canal Bank .- Globe Bank .- National (Old) Bank .- City Bank .- American Bank .- Commercial Bank .- Bank of North America .- Phe- nix Bank .- Traders' Bank .- Pawtuxet Bank .- Lime Rock Bank .- State Bank .- Bank of Commerce .- What Cheer Bank .- Continental (4th National) Bank .- Bank of America .- Atlantic Bank .- Grocers' and Producers' Bank .- Butchers' and Drovers' Bank .- Liberty Bank .- Atlas Bank .- Westminster Bank .- Mercantile (1st National) Bank .- Jackson Bank .- Marine (3d National) Bank .- Northern Bank. -Second National Bank .- Other Banks .- Providence Institution for Savings .- Peo- ples' Savings Bank .- Mechanics' Savings Bank .- City Savings Bank .- R. I. Hospital Trust Company .- Jackson Institution for Savings .- Citizens' Savings Bank .- Mer- chants' Savings Bank .- Franklin Institution for Savings .- Other Savings Institu- tions .- Beginning of the Insurance Business .- The Providence Washington .- The Providence Mutual .- The American .- The Manufacturers' Mutual .- The R. I. Mutual .- The Roger Williams .- The Merchants .- The Atlantic Fire & Marine .- The Commercial Mutual .- The Franklin Mutual .- The Firemen's Mutual .- The State Mutual .- The Equitable Fire & Marine .- The Slater Mutual .- The Butler Mutual .- The Gaspee Fire & Marine .- The Trident Mutual .- The National Mutual .- The Hope .- The Providence Fire & Marine .- The City Fire & Marine .- The Narragan- sett Fire & Marine .- The Union Mutual .- The Blackstone Mutual .- The Newport Fire & Marine .- The Mechanics' Mutual .- The What Cheer Mutual .- The Enter- prise Mutual .- The Merchants' Mutual .- The American Mutual Steam Boiler Insur- ance Company .- Other Insurance Companies.
W ITH such widely extending commercial relations and numer- ous industrial interests we may naturally expect to find ample banking facilities. Few cities, if any of its size, are so well provided with monetary institutions as Providence. There are now in the city 26 national banks, 5 state banks, 6 savings banks, and a number of banking and trust companies doing a banking business.
In this connection we take the liberty to mention the Board of Trade of this city, which though not included in the monetary insti- tutions, is yet closely allied to them, and in like manner represents the commercial enterprise of the city and is sustained by the class of men among whom the leaders of banking and similar institutions are prominent. The Board of Trade has for its object the promotion and protection of the various business interests of the city, its
551
HISTORY OF PROVIDENCE COUNTY.
organization being based upon nearly the same general plan of similar institutions elsewhere. It occupies the old city building on Market Square, and there are about 500 members in the association. It was incorporated in 1868. Its rooms are supplied with represent- ative newspapers, giving market reports, and accounts of financial transactions of importance in different parts of the country, accounts of stock sales, and market quotations from all parts of the world. The privileges of the rooms are open only to its members. Its officers at present are: J. U. Starkweather, president; Charles Morris Smith and Frederick Grinnell, vice-presidents; Oren Westcott, treasurer; Freeman P. Little, secretary; and the following directors-Edward D. Pearce, Robert Barton, Herbert F. Hinckley, Albert W. Smith, Joseph Banigan, Arthur H. Watson, Stillman White, Elisha H. Rockwell, Frank E. Richmond, Henry F. Lippitt, Lyman B. Goff, Wendell P. Hale, Edward D. Williams, J. K. H. Nightengale, George E. Martin, C. H. Merriman, Webster Knight, John P. Campbell, Matthew Watson, H. C. Cranston, and James P. Rhodes.
The first banking institution in Providence had its origin in 1791. At that time several of the wealthy merchants, moved by the great advantages which had resulted to Boston from the establishment of a bank, called a public meeting of such persons as were in favor of trying a similar experiment here. The meeting adopted a plan pre- pared for their examination, and the Providence Bank went into operation in October. This was the first institution of the kind in- corporated in this state. Of its early history we have but fragment- ary knowledge. For a long time it was doing business at 48 South Main street. In 1824 it was at that number, but in 1838 it had been removed to 46 South Main. At that time its capital stock amounted to $500,000. A few years later it was again located at 48 South Main. It became a national bank in July, 1865, and in 1867 it was removed to 70 South Main, its present location. Moses B. Ives was its presi- dent in 1838, and he continued in that office until 1858, when he was succeeded by Robert H. Ives. The latter continued in the position until 1869. He was then followed by William Goddard, who holds the office at the present time. Charles L. Bowler was cashier in 1838, and from that time on until 1858. He was then followed by Benjamin W. Ham, who was succeeded in 1886 by Andrew R. Matte- son, the present cashier. The capital of the bank remains $500,000. The present directors are: William Goddard, Marshall Woods, M. B. I. Goddard, R. I. Gammell, George W. R. Matteson, John Carter Brown Woods and William Gammell, Jr.
The Exchange Bank was incorporated in February, 1801. Its capital has been from the beginning $500,000. The first cashier was Stephen Jackson. The presidents have been: Amos Troup, Cyrus Butler, Samuel Nightengale, Benjamin Aborn, who was in the office in 1838, and continued until 1852. In that year John Barstow became
552
HISTORY OF PROVIDENCE COUNTY.
president, continuing till 1865, when he was succeeded by Elisha Dyer. Alexis Caswell succeeded in 1866, to 1869, when Rufus Water- man followed. He was followed in 1876 by Henry L. Kendall, who continued till 1884. In that year Nicholas Sheldon took the position. which he still holds. The successive cashiers from 1838 have been: Henry G. Gladding, to 1865; William H. Corey, 1865 to 1869; C. H. Sheldon, 1870 to the present time. George Curtis and Henry E. Hudson were successive cashiers in the interim following Mr. Jack- son. The location of the bank has been at 55 Westminster street since 1847. It was previously located at No. 1 Westminster street. It was organized as a national bank in July, 1865. The present di- rectors are: Francis S. Brownell, Nicholas Sheldon, John A. Brown, Amos G. Nichols, Henry T. Beckwith, Lyman Klapp, William H. Pope.
The Roger Williams Bank was first incorporated in 1803. It was located at 19 Market Square. In 1847 its location was changed to 23 Market Square, and about 1868 it was again changed to the present location, 27 Market Square. It was reorganized as a national bank September 1st, 1865. It has had an existence of considerable pros- perity, its surplus reaching $100,000 in 1888. Its capital stock is $499,950. Successive presidents from the start have been: Seth Wheaton, Nehemiah R. Knight, up to 1855; Jabez C. Knight, 1855 to 1867; Cyrus Harris, 1867 to 1878; James W. Taft, 1878 to 1880; Charles H. George, 1880 to the present time. The cashiers have been: Nathan Waterman, Jr., Nathaniel Smith, to 1855; William H. Waterman, 1855 to 1880; M. E. Torrey, 1880 to the present time. The directors are: James W. Taft, Gorham P. Pomroy, Charles H. George, I. B. Mason, Stillman White, Edward S. Aldrich, John M. Buffinton, Charles Sydney Smith, Joseph U. Starkweather.
The Union Bank was incorporated in 1814. The first directors were: Ephraim Brown, Amos M. Atwell, Samuel Aborn, Elisha Dyer, Amasa Mason, Samuel Ames, Ephraim Talbot, James Rhodes, Benjamin Clifford, Isaac Bowen, Jr., and Richmond Bullock. The bank occupies the Union Bank Building, at 10 Westminster street, the building having been erected for it in 1815. The successive presidents have been: Ephraim Bowen, Benjamin Clifford, Amasa Mason, to about 1840; Elisha Dyer, from about that date to 1855; John H. Ormsbee, 1855 to 1861; James Y. Smith, 1861 to 1877; Charles A. Nichols, 1877 to 1878; Henry G. Russell, 1878 to the present time. The capital of the bank has varied at different times. From $500,000, about 1870, it rose to $800,000, and in the course of about seven years dropped again to $500,000, where it now stands. Successive cashiers from the start have been: Richard Lippitt, Thomas B. Fen- ner, William J. King, James B. Hoskins, to 1870, after a term of more than thirty years; Joseph C. Johnson, 1870 to the present time. The present directors are: Henry G. Russell, Elisha Dyer, Jr., Johns H.
Vyall Cash
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HISTORY OF PROVIDENCE COUNTY.
Congdon, William W. Dunnell, Joseph C. Johnson, William A. Tucker and John W. Slater.
The Merchants' Bank was incorporated February 18th, 1818. Its first board of directors consisted of William Richmond, Andrew Taylor, Peleg Rhodes. Truman Beckwith, Samuel A. Richmond, Randolph Chandler, Stephen H. Smith, John B. Wood, Charles Porter, George S. Rathbone, Charles S. Bowen, Nathan Tingley and Grosvenor Taft. The location of the bank was at 12, Union Building, afterward at 139 South Main street in 1855, at 12 Westminster street in 1857, and since 1866 at 14 Westminster street. The capital origi- nally was $500,000 but about 1857 this was doubled, and its capital has since been $1,000,000. It was reorganized as a national bank in May, 1865. The presidents have been: William Richmond, 1818 to 1850; Josiah Chapin, 1850 to 1868: Royal C. Taft, 1868 to the present time. Successive cashiers have been: Joseph Wheelock, Henry E. Hudson to about 1840, when he was succeeded by Henry P. Knight until 1847; William B. Burdick, 1847 to 1851; A. M. Tower, 1852 to 1857; Charles T. Robbins, 1857 to 1868; John W. Vernon, 1869 to the present time. The present directors are Royal C. Taft, Frank Mau- ran, Frank E. Richmond, Samuel R. Dorrance, John W. Danielson, Edward D. Pearce, Jr., Horatio N. Campbell, Frederick C. Sayles and George M. Smith.
The Eagle Bank was incorporated in February, 1818. It has had an experience of prosperous and substantial activity, at the same time a remarkable conservatism and stability have been apparent in its progress. Two of its original directors held the office for more than 50 years, Joseph Whitaker holding until 1871 and William Shel- don until 1872. The bank was reorganized as the National Eagle Bank in April, 1865. The capital increased gradually from year to year until 1853, when it reached the limit of $500,000, where it has since remained. It has for most of its time been located at different places on Market Square, at first at 30, then at 19, later at 23 from 1847 to 1866, at 27 from 1866 to 1888, since which time it has been located at 53 Weybosset street. Its presidents have been: Wheeler Martin, William Church, to 1844; B. D. Weeden, 1844 to 1852; Wil- liam Sheldon, from that time to 1870; James T. Rhodes, 1870 to 1873;' Joseph Sweet, 1873 to 1878; James H. Mumford, 2d, 1878 to the pres- ent time. Successive cashiers have been: John Lippitt, Stephen S. Wardwell, more than 30 years, to 1871; John A. Angell, 1871 to 1877; Charles F. Sampson, 1877 to the present time. The following are now in the board of directors: Robert B. Chambers, Edward A. Swift, John S. Palmer, James H. Mumford, 2d, Beriah Wall, William S. Hay- ward and John Waterman.
The Manufacturers' Bank was incorporated in October, 1813. Its stock capital is $500,000. It was first located at Pawtucket, and re- moved to Providence in 1831. Up to about 1847 it was located at 55
554
HISTORY OF PROVIDENCE COUNTY.
North Main street. At that time it was removed to 24 Westminster, and in 1866 to 26 Westminster, the latter being its location to the present time. Presidents of this bank have been: Oziel Wilkinson, Samuel Slater, William Jenkins, to 1847; Thomas Harkness, 1847 to 1858; William A. Robinson, 1858 to 1873; Thomas Harkness, 1873 to the present time. Its successive cashiers have been: Joseph Whee- lock, Pardon Sayles, H. G. Usher, Daniel F. Carpenter, William S. Patten, more than 40 years previous to 1874; Gilbert A. Phillips, 1874 to the present time. The prosperity of this bank is evidenced by its growing surplus, which, during the last ten years, has increased from $209,000 in 1879 to $240,000 in 1889. The bank adopted the national character in 1865. Its directors at the present time are: Caleb Sea- grave, Thomas Harkness, Jeffrey Hazard, George W. Congdon, Elisha S. Aldrich, Gilbert A. Phillips, Newton D. Arnold and Charles Matteson.
The Mechanics' Bank was incorporated in June, 1823. Its early location was on the second floor at 21 Market Square. Later it was domiciled at 25 South Main street, and about 1851 was removed to 27 South Main. In 1867 its location was 37 South Main, and in 1881 it occupied its present location at 46 Weybosset. It became a national bank in April, 1865. Its capital stock is $500,000, and its surplus has increased from $150,000 in 1875 to $195,000 in 1889. The first board of directors was composed of: Thomas Howard, Peter Grinnell, William Pabodie, Stanford Newel, William T. Grinnell. George Baker, John Larcher, William P. Greene and Joseph Howard. The first president was Peter Grinnell. Amasa Manton held the position for a long term of years previous to 1867. He was then succeeded by Moses B. Lockwood, who was followed in 1873 by Lewis Dexter, and he in 1884 by James H. Chace, the present incumbent. Josiah Lawton was the first cashier. John A. Field was cashier for about half a century previous to 1873, when he was followed by Samuel H. Tingley, who still occupies the position. The present directors are: Lewis Dexter, Charles D. Owen, Eugene W. Mason, James H. Chace, Howard O. Sturgess, Rowland G. Hazard, 2d, and Mortimer H. Hartwell.
The Mechanics' and Manufacturers' Bank was incorporated in June, 1827, the limitation of its capital stock being $500,000. Its early location was over the Canal Market. It 1844 it was at 1833 North Main, in 1847 at 207, and in 1855 at 47 of the same street. In 1871 it removed to 54 North Main, where it still remains, under the name of the Fifth National Bank, which name was adopted when it entered the national system, March 30th, 1865. Up to that time the actual capital of the bank had reached the amount of $288,900. Since then it has been $300,000. The presidents of the bank from 1838 have been: Sylvanus G. Martin, to about 1852, when he was followed by James H. Read, who continued until 1863; P. M. Mathewson, 1863
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HISTORY OF PROVIDENCE COUNTY.
to the present time. Albert W. Snow was cashier up to about 1851; Albert G. Stillwell, 1852 to 1883; William R. Dunham, 1883 to the present time. The present directors are: Parley M. Mathewson, James H. Read, Henry J. Steere, Silvanus M. Lewis, Frank M. Mathewson, Joseph B. Knowles and Robert Steere.
The High Street Bank was incorporated in June, 1828. Its location has been upon the street which gives its name, though it has several times moved to higher numbers. At first at 96, in 1847 at 154, in 1852 at 158, in 1867 at 192, in 1872 at 346, and in 1877 at 344, where it is now located. Its capital was originally $100,000, but was advanced to $120,000 a few years afterward. Robert Knight was president of this bank for many years previous to 1863. Duty Greene followed him, and was succeeded by Caleb Harris in 1865. The latter was followed in 1879 by the present officer, John Austin. James E. Butts was an early cashier, serving until 1869, when he was followed by Charles H. Bassett, and he in turn was followed in 1874 by Elijah Allen, the present cashier. The present directors are: Aaron B. Curry, Henry Fiske, James B. Paine, Lester S. Hill, William H. Waite, Henry A. Grimwood and John W. Briggs. The bank is as- sociated with the Citizens' Savings Bank.
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