USA > Vermont > Washington County > Waterbury > History of Waterbury, Vermont, 1763-1915 > Part 21
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Now that vocational courses have been established, the
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HISTORY OF WATERBURY, VERMONT
work of the school will become more intimately connected with the life of the community.
TEACHERS IN THE WATERBURY HIGH SCHOOL, 1899-1915
Principal, E. M. Roscoe, 1899-1904.
Miss Julia Moody (Perry), 1899-1904.
Principal, W. H. Hosmer, 1904-1907.
Miss Delta Collins, 1904-1905.
Miss Jeffries Leete, 1905-1907. Principal, F. W. Reimherr, 1907-1915. Miss Ethel Park, 1907-1908.
Miss Vera Powell, 1908-1912.
Miss Effie Wells, 1908-1910.
Miss Belle Anderson, 1910-1914.
Miss Clara Buffum, 1910.
Miss Elsie Hooker, 1912-1913.
Miss Margaret Durgin, 1913-1914.
Miss Stella Farrel, 1914-1915.
Miss Irene Parris, 1914-1915.
A carefully compiled list is given of those who have gone as students to the University of Vermont, either from Water- bury or claiming Waterbury as a place of residence. This is made possible through the courtesy of President Guy Potter Benton and Registrar Kehoe of the University.
ABBREVIATIONS
b. = birth at Waterbury.
f. = finished preparatory education at Waterbury.
fr. = from Waterbury.
d. = death occurred at Waterbury.
*Prefixed to a person's name indicates his decease.
Ch. = chemistry course. C.E. = civil engineering.
E.E. = electrical engineering.
Cl. = classical.
L.S. = literary, scientific.
Eng. = engineering.
Med. = medical.
Ag. = agricultural. H.Ec. = home economics.
Cm. = commerce and economics.
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PERIOD 1900-1915
NAME
ENTRANCE COURSE
DEGREE
YEAR
Giles H. Holding
1808
fr. W., non-grad.
Guy J. Holding fr. W., non-grad.
1808
*William Wells b., d. at W.
1820
A.M.
1824
*William Carpenter b., d. at W., non-grad.
1822
Seth Chandler Sherman fr. W.
1825
1829
Russell Butler b., d., fr. W.
1825
1829
Mason S. Stone
1879
C1.
A.B.
1883
b. W. Ctr.
Ferdinand S. Henry
188I
b. W. Ctr.
George R. Huse b., fr. W.
1882
C.E.
Frank P. Lord b. W.
*Inez E. Moody
1890
L.S.
Ph.B.
1894
b., d., W.
1890
L.S.
Ph.B.
1894
Ida May Fuller b., f., fr. W.
Warner J. Morse
1894
Ag.
B.S.
1898
b., fr. W. Ctr.
Charles W. Worthen b. W.
1889
Med.
M.D.
1893
Clayton G. Andrews
1893
Med.
M.D.
1897
formerly located at W.
Watson L. Wasson
1897
Med.
M.D.
1901
now located at W.
Don D. Grout
Med.
1872
now located at W.
George S. Bidwell now at W.
Med.
1890
Waldo J. Upton now located at St. Albans.
Med.
1898
Robert W. Palmer non-grad.
1902
C1.
John F. Tice non-grad.
1902
special
1886
C1.
*The above 5 names are recorded as located at Waterbury and having belonged to said classes. Where they came from or went to school is not recorded.
16
234
HISTORY OF WATERBURY, VERMONT
NAME
ENTRANCE COURSE
DEGREE
YEAR
Clayton W. Guptil non-grad.
1903
L.S.
Ida Blanche Kennedy non-grad.
1904
L.S.
Harold Earnest Somerville non-grad.
1904
L.S.
Andrew J. Brown
1906
C.E.
B.S.
1910
Joseph Herschell Smith
1906
C.E.
B.S.
1910
Marjorie A. Duffus non-grad.
19II
L.S.
Lilla C. Montgomery
19II
L.S.
Ph.B.
1915
Beulah A. Watts
19II
L.S.
Ph.B.
1915
Mabel N. Watts
19II
L.S.
Ph.B.
1915
Amy E. Wheeler
19II
H.Ec
Dean S. Fullerton
19II
special
Max Fuller
1912
Ch.
left college
Marjorie E. Luce
1912
L.S.
Joseph Ciminera
1912
Med.
Walter LeBaron
1913
Ag.
Norma Marie Perkins
1914
L.S.
Loren Watts
1914
Ag.
Effie Wells fitted for college in Waterbury High School and was graduated from the University of Vermont. She taught domestic science in Middlebury College and married William Duffus.
It is quite in keeping with the traditions of both the town of Waterbury and Norwich University that the town should have been creditably represented in that ancient institution of learning and that the spirit fostered and nurtured in that splendid school of patriotism should have been Waterbury's since her beginning. A list of former students and graduates from Waterbury is given :
William Carpenter, son of Dan and Betsy Carpenter, was born in Waterbury October 25, 1805; died March 16, 1881. He was prepared at Montpelier Academy and entered the old "Academy," as Norwich University was then known, in 1821, and was graduated in 1823. He afterwards entered the University of Vermont with the class of 1826, but was forced by ill health to discontinue his course.
235
PERIOD 1900-1915
Frederick Perkins Drew, U. S. A., M. D., son of Doctor Oliver W. and Lucretia (Ames) Drew, was born in Waterbury in April, 1829, and died at Fort Riley, Kansas, in March, 1864. He prepared in Waterbury and entered the univer- sity in 1844, remaining nearly three years. Thereafter he studied medicine at Woodstock and was graduated M. D. from the College of Surgeons in New York in 1859.
Franklin Allen Goss, A. B., son of Benjamin F. and Mary Jane (Witherill) Goss, was born in Waterbury January I, 1859, and died in Troy, New York, August 12, 1904. He prepared for college at Highland Military Academy, Worcester, Massachusetts, and at Phillips Academy, Andover. He en- tered the university in 1864, remaining two years, and served with the corps of cadets at Newport, Vermont, in October, 1864, during the St. Albans raid troubles. He was gradu- ated from Amherst A. B. in 1871.
Ransom Augustus Gray, son of Darius A. and Louisa P. (Smith) Gray, was born in Duxbury, Vermont, February 28, 1873, and died of tuberculosis at Sparhawk's Sanatorium in Burlington, Vermont, in May, 1879. In 1885 his parents. removed to Waterbury. He fitted for college at Green Moun- tain Seminary, Waterbury Center, and entered the university, March, 1894, remaining until June, 1895. He studied law and taught school in Waterbury until he was stricken with his fatal disease.
Roy Morse Bachelder, B. S., son of John Sargent and Ella Abbie Morse Bachelder, was born in Needham, Massachusetts, January 10, 1885. In 1888 his parents removed to Waterbury where he was graduated from the high school in 1903. He entered the university in September of the same year and was graduated B. S. in C. E. in 1907. He was afterwards employed in the engineering department of the Missouri Pacific Railroad, July, 1907-April, 1908. He became in- surance surveyor for the Sanborn Map Company of New York. He is a member of the Congregational Church in Waterbury.
Earl Albert Boyce, B. S., son of Willard Jairus and Mary Elna (Robbins) Boyce, was born in Waterbury August 24,
236
HISTORY OF WATERBURY, VERMONT
1887. He received his collegiate preparation in the local schools and entered the university, September 12, 1905, and was graduated B. S. in C. E. in 1909. He became an assistant engineer for the Northern Pacific Railroad on location work in North Dakota, August, 1909-March, 1910, and afterwards became engaged in sewer construction work in Kentucky and Tennessee. He studied osteopathy in Kirksville, Missouri, for some time after leaving Tennessee.
Earl Asa Parker, son of Frederick and Ida (Colby) Parker, was born in Waitsfield, Vermont, November 1, 1889. He removed to Waterbury with his family. He prepared at Montpelier Seminary and entered the university as a cadet and remained as a student from September, 1908-June, 1910. He became instrument man with the Morgan Engineering Com- pany in Poplar Bluff, Missouri; assistant engineer with C. R. T. and P. Railway at Topeka, Kansas, April-October, 1911, then with the A., T. & S. F. Railway in New Mexico, from October, 19II.
Max Gleason Ayres, son of Orlo Leroy and Bessie (Gleason) Ayres, was born in Waterbury, Vermont, October 27, 1890. He prepared at the Waterbury High School and entered the university in September, 1909.
Alton Grover Wheeler, son of Stedman Cyrus and Mabel Judith (Grover) Wheeler, was born in Waterbury, Vermont, March 28, 1891. He was prepared at the Waterbury High School and entered the university as a cadet in the civil engineering department in September, 1910.
Benjamin Harrison Grout, B. S., son of Doctor Don De Forest and Angie M. (Wilkins) Grout, was born in Stowe, Vermont, September 20, 1888. He was prepared for college at Waterbury High School and entered the university from that town in September, 1906. He was graduated B. S. in C. E. in 1910. He was married, April 19, 1914, to Miss Hazel N. Brackett, and now resides in Brimfield, Massachusetts.
Harold Price Turney, son of John H. and Maria (Price) Turney, was born in Waterbury September 10, 1890. He prepared at Goddard Seminary, Barre, Vermont, and entered the university from Middlesex in September, 1911.
237
PERIOD 1900-1915
It is regrettable that only a partial list of those natives or residents of Waterbury attending Middlebury College is available.
Jeremiah Flint, son of Phineas and Hannah (Clark) Flint, was born in Hampton, Connecticut, November 16, 1784; was graduated from Middlebury College in 1811, and the Andover Theological Seminary in 1814; ordained in 1817. Pastor, Congregational Church in Danville, Vermont, in 1817-1818. Lived in retirement in Waterbury and Eden, Vermont, 1818- 1842. Married Jerusha Pratt, April 7, 1830. Their children were Helen, Abby, George W., Phineas, Jeremiah C., John W. He died in Eden, Vermont, October 29, 1842.
Reverend Jonathan Hovey, the first regularly installed pastor of the Congregational Church in Waterbury, received the honorary degree of M. A. from Middlebury College in 1817.
Calvin Blodgett Moody, son of George W. and Lucia (Eddy) Moody, was born in Waterbury October 26, 1855. He pre- pared for college at Montpelier Seminary. He was graduated from Middlebury College in 1877, receiving the degree of A. B., and afterwards A. M .; studied at the Hartford Theolog- ical Seminary and was ordained in 1880. He was successively pastor of Center Harbor (New Hampshire) Congregational Church, at Barton, Vermont, Osage, Iowa, and of the Ply- mouth Congregational Church at Minneapolis, Minnesota. Afterwards he went to Syracuse, New York. He was married to Fanny Ellen Kingsley July 29, 1880. Children: Helen Lucretia, Fanny Kingsley and Lucia Avis (deceased). The 1915 address list gives his present residence as Kingfisher College, Kingfisher, Oklahoma.
Doctor Watson Lowell Wasson of Waterbury was a non- graduate student in the class of 1886 at Middlebury College.
Sophia Belle Anderson of Waterbury was graduated in the class of 1909 from Middlebury College.
Edythe May Boyce of Waterbury was a non-graduate student in the class of 1915 at Middlebury College.
Margaret Gates Pike of Waterbury was a non-graduate student in the class of 1915 at Middlebury College.
238
HISTORY OF WATERBURY, VERMONT
Harriet Edna Boyce of Waterbury was a member of the class of 1916 at Middlebury College.
Justin Mark Ricker, formerly of Waterbury, now of Bridge- port, Connecticut, was graduated in the class of 1906 from Middlebury College.
Dan J. Ricker, formerly of Waterbury, was graduated from Middlebury College in the class of 1909. He spent some time in Honolulu and is now in New York City.
Robert Hazeltine prepared at Waterbury High School and was graduated at Middlebury College in 1907; after a post- graduate course, he became a teacher in the Baltimore City College, Maryland. He is a son of Holden and Jessie M. Hazeltine.
Irene, daughter of Harvey and Ella R. Henry, was gradu- ated from Middlebury College. She was prepared for college at the Waterbury High School, and now lives in Schenectady.
Among the former students of the Waterbury High School who attended college are: Charles Warren, Jr., W. H. S. 1905; Dartmouth, 1909; now in business in New York. Wil- liam Duffus, W. H. S., afterwards Leland Stanford University. Robert Duffus, W. H. S., afterwards Leland Stanford Univer- sity, now a newspaper man in California. John Moran, W. H. S., afterwards Holy Cross College.
Under the grim shadows of Camel's Hump and Mount Mansfield, in Waterbury Center, was finally established the Green Mountain Seminary, founded in 1862 by D. S. Frost, F. H. Lyford, J. L. Sinclair, Ziba Sprague, Lyman Sargent, I. P. Moulton, Jonathan Woodman, L. T. Harris, M. C. Henderson, S. W. Cowell, Obadiah Hall and J. Coffrin, as incorporators; to this list were added the names of Ezra B. Fuller, David H. Adams, Roswell Mason Minard, Hawley W. Judson and David Pratt by an amendment to the act of incor- poration in 1868. The institution was started under the aus- pices and by the hard labor of the Freewill Baptists and it was empowerd to furnish such education and to confer such degrees "as are usually conferred by the best Colleges, Academies and Seminaries."
The first president of the corporation was Reverend J. L.
239
PERIOD 1900-1915
Sinclair; the second was Reverend Lyman Sargent. The cor- ner-stone of the seminary building was laid in July, 1868, by President Angell, then of the University of Vermont. The building was completed at a cost of $30,000, in 1869, and was dedicated September I of that year. During the first year there were five teachers besides the principal, A. J. Sanborn. For three years following C. A. Moores was principal. Rev- erend R. N. Tozer was principal during the fifth year. The school was closed during the sixth year from its opening; but was reopened in 1875.
In 1881, through the munificence of Doctor R. M. Minard, the Minard Commercial School was opened in connection with the seminary. A review of the curriculum for 1890 shows that in the English and Classical course and the Col- lege Preparatory Course, about the usual amount of classics, mathematics, English and history was prescribed. There was also a Teacher's Course of two years. As time went on, however, it became only too apparent that the support the institution richly deserved was not forthcoming; during the winter of 1905-1906, instruction continued until Miss Colley, the preceptress, was called to New Hampshire.
After a precarious struggle, the institution finally closed its doors permanently in February, 1906, and the seminary build- ing became the property of the town in 1913, pursuant to a vote at town meeting March 4. The old school bell that for- merly hung in the belfry of the school building was donated to one of the town churches by a vote passed at the March meet- ing in 1915, "with no string attached." This vote naturally raised a query duly noted in the record, as to how the bell could be rung without a string attached.
That Kaiser Wilhelm's now famous alliterative restriction of woman's sphere to "Kinder, Kuche, Kleider und Kirche" has not been enthusiastically adopted in Waterbury is dis- tinctly emphasized by the club movement locally. This began with the Philomathean Club, organized in 1894, which became federated with the Vermont State Federation of Women's Clubs in 1899. The Pierian Club, limited to a membership of twenty-five, was formed in 1904, and became
240
HISTORY OF WATERBURY, VERMONT
federated in 1911. This is a study club and affords opportu- nities to its members for individual research and the prepara- tion and discussion of papers on subjects of historical, literary, political and miscellaneous interest. The Hypatia Club, also a study club, was formed in 1898, and federated in 1901. Its membership, until 1914, was limited to twenty-five, since then to thirty. It has kindred objects with the Pierian as to re- search and investigation.
The officers and members of the Pierian Club for 1915-1916 are: president, Mrs. Abbie J. Foster; vice-president, Mrs. Sarah M. Carpenter; recording secretary, Mrs. Bertha D. Campbell; corresponding secretary, Mrs. Nettie L. Fife; treas- urer, Mrs. Elna M. Boyce; critic, Mrs. Laurestine Graves.
In addition to the above-named members the list of active members includes: Blanche E. Atherton, Bessie G. Ayers, Sarah M. Carpenter, Marion B. Clark, Martha F. Clair, S. Jane Edwards, Estella E. Gifford, Ida M. Grout, Nina L. B. Robinson, Clara K. Swasey, Florence E. Guptil, Ida W. Hattie, Margaret B. Knowles, Caroline A. Lamb, Eva Luce, Harriette F. Moody, Maria Park, Belle G. Randall, Beulah Russell, Nellie R. Thompson.
The list of honorary members includes: Ella M. Batchel- der, Nellie C. Bates, Tamar Boyce, Sarah M. Coburn, Joseph- ine E. Drew, Cora G. Douglass, Minnie L. Haines, Ella R. Henry, Nellie G. Hoadley, Mary N. Petty, Susie A. J. Smith- ers, Elnora Stalker, Sue G. Stranahan, Lillian Tewksbury, Jane Trowbridge, Ellen A. Vassar.
The officers and members of the Hypatia Club for 1915-1916 are: president, Mrs. Margaret S. Perry; vice-president, Mrs. Florence T. Joslyn; secretary, Miss Rose A. Carpenter; assist- ant secretary, Mrs. Maywood P. Perkins; treasurer, Mrs. Rena Demeritt.
Besides those named the active member list includes: Jessie H. Atherton, Florence E. Atkins, Katrina L. Bidwell, Weltha W. Boeker, Lottie C. Cooley, Lillian P. Demeritt, Laura P. Fowler, Harriet B. Farnham, Annie G. Gilbert, Etta F. Graves, Fontinelle N. Goodrich, Mabel C. Jones, Marguerite C. Knight, Inez G. Lease, Lucy G. Moody, Sadie
24I
PERIOD 1900-1915
Moore, Alice L. Seabury, Eva F. Stanley, Emilie G. Steele, Theda W. Twombly, Pearl R. Wasson, Mary M. Whitehill, Maud C. Wood, Mae B. Wheeler.
The list of honorary members includes: Mabel H. Andrews, Mary W. Berry, Sara H. Boicourt, Bertha D. Bone, Amy G. Bingham, Beatrice A. Boyce, Lena M. Carpenter, Margaret Colby, Jasmine S. Cooley, Ella D. Davis, Mary Drew, Nan- nette D. Evans, Drusilla Fogg, Carolyn W. Frary, Mary F. Kemp, Clarissa S. Minard, Florence F. Morse, Mertie H. Palmer, Julia P. Parker, Mary A. Patterson, Julia M. Perry, Nella S. Roscoe, Dora C. Sheffield, Bessie F. Whittle, Ida B. Hatch, Ida B. Houston, Claire D. Hill, Mary K. Kellogg.
WATERBURY STATE AND FEDERAL OFFICERS
Governors-Ezra Butler, 1826-1827; Paul Dillingham, 1865-1866; William P. Dillingham, 1888-1890.
Lieutenant-Governor-Paul Dillingham, 1862, 1863, 1864.
State Councillors-Ezra Butler, 1807, 1808, 1809, 1810, 18II, 1812, 1815-1825; John Peck, 1826; Henry F. Janes, 1830, 1831, 1832, 1833, 1834.
Representatives in Congress-Ezra Butler, 1813-1815; Henry F. Janes, 1834-1837; Paul Dillingham, 1843-1847; Lucius B. Peck, 1848-1852.
United States Senator-William P. Dillingham, 1900, 1902, 1908, 1914.
Members Constitutional Convention-Richard W. Holden, 1793; Dan Carpenter, 1814; Ezra Butler, 1822; Luther Cleaves, 1828; Paul Dillingham, Jr., 1836; William Carpenter, 1843; Eliakim Allen, 1850; Paul Dillingham, 1857.
Council of Censors-Ezra Butler, 1806; Henry F. Janes, 1848; William W. Wells, 1855.
LIST OF TOWN REPRESENTATIVES
Daniel Bliss, 1792.
No representative, 1793, 1831, 1835, 1849, 1850, 1855.
Ezra Butler, 1794-1798, 1799-1805, 1807.
George Kennan, 1798, 1805-1806, 1808, 1810.
-
242
HISTORY OF WATERBURY, VERMONT
Asaph Allen, 1809.
John Peck, 1811, 1818.
Sylvester Henry, 1812-1813. Dan Carpenter, 1814-1818, 1819-1827, 1829. Amasa Pride, 1827-1828, 1832.
Charles R. Cleaves, 1830. .
Paul Dillingham, Jr., 1833-1834, 1837-1840.
Thaddeus Clough, 1836, 1846-1847.
William W. Wells, 1840, 1863-1864.
Eliakim Allen, 1841.
Henry Douglass, 1842-1843.
William Carpenter, 1844-1845.
Charles C. Arms, 1848.
Calvin Blodgett, 1851-1852.
O. C. Howard, 1853.
Henry F. Janes, 1854, 1861, 1862.
James Green, 1856.
John D. Smith, 1857-1858.
Orson Putnam, 1859.
James M. Henry, 1860.
William Wells, 1865-1866.
Ezra B. Fuller, 1867-1869.
Frank E. Ormsby, 1869-1870, 1872.
George W. Randall, 1872-1874, 1882-1883.
John B. Parker, 1874-1876.
William P. Dillingham, 1876-1878.
Leander H. Haines, 1878-1880.
Edward F. Palmer, 1880-1882, 1888-1889, 1896-1897.
William P. Dillingham, 1884-1885.
George E. Moody, 1886.
Henry Janes, 1890-1891. Lester H. Elliot, 1892.
Frank N. Smith, 1894-1895.
H. E. Marshall, 1898-1899.
George Eugene Moody, 1900-1901. Charles Wells, 1902.
James F. Shipman, 1904.
Harvey P. Robinson, 1906.
243
PERIOD 1900-1915
Willard J. Boyce, 1908, 1910. Richard Demeritt, 1912. Henry F. Hill, 1915.
. LIST OF STATE SENATORS FROM WATERBURY
Paul Dillingham, 1841.
William Carpenter, 1848, 1849.
Joseph Moody, 1853.
James Green, 1854-1855.
William W. Henry, 1865, 1866, 1867.
William P. Dillingham, 1878, 1880.
George Eugene Moody, 1906.
The Supreme Court Reporter for 1882 and 1884 was Edwin F. Palmer, Esq., who also served as State Superintendent of Education in 1888-1890. William P. Dillingham served as State Tax Commissioner in 1886.
LIST OF TOWN CLERKS
Ezra Butler, 1790-1797, 1798, 1799, 1800.
Ebenezer Reed, 1797.
Roswell Wells, 1801-1806.
Abel Dewolf, 1806.
Dan Carpenter, 1807, 1810, 1812, 1829.
John Peck, 1810, 18II.
Paul Dillingham, Jr., 1829-1844.
William Carpenter, 1844-1851.
John D. Smith, 1851-1874.
Frank N. Smith, 1874-1896.
James K. Fullerton, 1896.
HIGH SHERIFFS
John Peck, 1811, 1812, 1819, 1820, 1821, 1822, 1823. I. C. Brown, 1859, 1860. Frank H. Atherton, 1884, 1886, 1888.
C. C. Graves, 1898-1902.
G. B. Evans, 1902-1904.
244
HISTORY OF WATERBURY, VERMONT
BANKING HISTORY
Prior to 1854 the people of the town of Waterbury and the vicinity were without local banking facilities. A period of steady mercantile and industrial activity demanded that this state of affairs be remedied. The nearest banks were located in Montpelier, to which a small number of Waterbury depositors had recourse; but it was not an uncommon practice for local merchants to act as depositaries for their customers, particularly with regard to temporary or special deposits for purposes of convenience. The first bank at the state capital was the Bank of Montpelier, chartered in 1825, and organized in 1826, of which Elijah Paine was president, with a capital of $50,000. Upon its recharter in 1840 the capital was in- creased to $75,000, and again, in 1853, to $100,000. This bank was succeeded by the Montpelier National Bank, under the National Banking Act in 1865. The second bank in Montpelier was the Vermont Bank, chartered in 1848 and organized in 1849 with a capital of $100,000. It became the First National Bank of Montpelier in 1865.
In the decade preceding the breaking out of the Rebellion, Waterbury participated in the general business revival follow- ing the lean years of the late 30's and early 40's. By degrees banking methods were becoming systematized; business men began to appreciate the necessity of coordinating their methods with the new order of things. There was still much to be desired in regard to stabilizing issues of state banks and there was, still, constant irritation and confusion in the matter of exchange, but upon the whole, order was evolving by degrees. Added incentives to habitual thrift were found in the rates of interest and the sense of security afforded by the banks in each locality. Old time practices of hoarding gave place to the newer ones of making savings productive. Trans- mission of funds by draft opened new avenues of commercial and industrial dealings and brought Waterbury into fiscal relationship with the money centers of the country.
The third banking institution at Montpelier was the State Bank of Montpelier, organized in 1858. The next was the Montpelier Savings Bank and Trust Company, organized in
245
PERIOD 1900-1915
1871. Quite naturally these banking houses and others in Burlington had acquired a number of active and inactive accounts from Waterbury patrons so that when the Bank of Waterbury was established in 1854, and for some time after, there was the competition of conservative habit to combat,- conservative habit in this case meaning acquiescence in existing conditions, but considerations of local needs and convenience prevailed as the history of the Bank of Waterbury and its successors clearly shows.
An act to incorporate the Bank of Waterbury was approved December 5, 1853, with an authorized capital of $100,000, divided into two thousand shares of $50 each. The institution created by this act was expressly made subject to the provi- sions in force of chapter eighty-four of the compiled statutes, "and any other laws of this state relating to banks and moneyed corporations."
The commissioners named in the charter were William W. Wells and Paul Dillingham of Waterbury, William H. H. Bingham of Stowe, V. W. Waterman of Morristown, Timothy P. Redfield of Montpelier, Rolla Gleason of Richmond and Dan Richardson of Waitsfield. They were empowered to receive subscriptions and to make allotments of stock, which duty they performed and made certificate thereto dated Feb- ruary 13, 1854.
Upon notice duly given, the first meeting of stockholders was had at the Washington House in Waterbury on Monday, February 13, 1854, at which the following five directors were chosen: Leander Hutchins of Waterbury, Paul Dillingham of Waterbury, William W. Wells of Waterbury, Orrin Perkins of Stowe and Vernon W. Waterman of Morristown. On the 20th day of February, 1854, at a meeting of the board of directors, Leander Hutchins was unanimously elected president of the board, and at a meeting of the directors on the 9th day of March, 1854, Samuel Haskins Stowell was unanimously chosen and appointed cashier.
By-laws were adopted by the board of directors on the 19th of April, 1854. At the annual meeting of stockholders, January 9, 1855, Samuel Merriam and B. F. Goss were added
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HISTORY OF WATERBURY, VERMONT
to the board of directors, an amendment to the charter increasing the number of directors to seven having been approved November 9, 1854. The first dividend of $2 per share on the stock of the bank was declared and voted to be paid, March 22, 1855. Again, at a directors' meeting held September 13, 1855, it was voted to pay a dividend of $2 per share on or before October 3, 1855. At the stockholders' meeting, January 8, 1856, J. H. Hastings was made director in place of William W. Wells. On March 6, 1856, Mr. Benjamin H. Dewey was duly appointed cashier of the bank. Mr. Dewey remained with the bank until April 29, 1865, at which time he was succeeded by Mr. James K. Fullerton. Mr. Dewey accompanied the firm of John F. Henry & Company from Waterbury to New York where he continued with that firm until he entered the employment of the Standard Oil Company then occupying the old building at 44 Broadway. He remained with the Standard Oil Company until his death.
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