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AN NUAL REPORT
OF TH E

Superintendent of Banks
R ELA TIV E TO

SAVINGS BANKS, TRUST COMPANIES, INVESTMENT
COMPANIES, SAFE DEPOSIT COMPANIES,
PERSONAL LOAN COMPANIES AND
PERSONAL LOAN BROKERS

FOR THE YEAR 1915

T R A N S M IT T E D T O T H E L E G ISL A T U R E M A R C H 15, 1916




ALBANY
J. B. L Y O N C O M P A N Y , P R I N T E R S
1916




State

N

of

ew-

Y

ork

N o. 39

IN

S E N A T E
M arc h 15, 1916

ANNUAL REPORT
OP THE

Superintendent of

Banks,

Relative to Savings

Banks,

Trust Companies, Investment Companies, Safe Deposit
Companies, Personal Loan Companies and Personal
Loan Brokers

S T A T E OF N E W Y O R K
B a n k in g D epa r tm e n t
A l b a n y , March 15, 1916

To the Honorable the President of the Senate:
S ir .— In accordance with the provisions of the Banking Law,
I have the honor to transmit to the Legislature the annual report
o f this Department relating to savings banks, trust companies,
investment companies, safe deposit companies, personal loan com­
panies and personal loan brokers.




Very respectfully yours,
E U G E N E L A M B R IC H A R D S

Superintendent of Banks




REPORT
To the Legislature:

In accordance with the provisions o f the Banking Law, I hereby
submit that portion o f the annual report of this department which
relates to savings banks, trust companies, investment companies,
safe deposit companies, personal loan companies and personal loan
brokers.
G en e r a l B a n k in g S itu a tio n

It is gratifying to report that January 1, 1916, finds the bank­
ing institutions o f this State entirely recovered from the effects
o f the depression which followed the outbreak o f the European
war.
From January 1, 1915, to January 1, 1916, the resources of
trust companies, banks o f deposit and discount, savings banks,
and safe deposit companies increased $999,338,018.42, their total
resources on January 1, 1916, being $5,309,280,651.79. The sav­
ings and loan associations of the State show an increase in re­
sources o f over $4,000,000, thus making a total increase in re­
sources for the past year o f all institutions under the supervision
o f this department o f over $1,000,000,000. Never before in the
history o f the department have the institutions under its super­
vision shown such growth as at the present time. Tremendous
increases are shown in surplus as well as deposits. As a medium
o f investments, short time notes and commercial paper still con­
tinue to be attractive to the bankers, although long term bonds
have within the past few months increased in favor.
T h e T rust C o m pan ies

Three new trust companies were chartered during the year, the
Rome Trust Company, Livingston County Trust Company of
Geneseo, and the St. Lawrence Trust Company at Ogdensburg.
The last two institutions are in localities where no trust companies
existed before. Two trust companies went out o f existence dur-




[5]

6

A n n u a l R eport of tece

ing the year, the Lawyers Title & Trust Company absorbing the
Home Trust Company of Brooklyn, and the Chatham & Phenix
National Bank taking over the Mutual Alliance Trust Company
for liquidation. Eighty-two trust companies reported on Decem­
ber 31, 1915, total resources aggregating $2,532,892,786, a gain
of $792,294,349, or about 4 5 ^ per cent for the year, and nearly
$1,000,000,000 or 6 3 ^ per cent since December 1, 1913. In trac­
ing the development of the trust companies it is interesting to
note that during the financial disturbances of 1907 their resources
shrank from $1,365,245,430 to $1,012,747,930, a loss of $352,497,500. The following year (1908) these institutions more than
recovered their loss. Erom January, 1909, to January, 1914,
their resources varied in amounts keeping close to the $1,600,000,000 mark. During 1914 they increased to $1,740,000,000,
and in 1915 jumped to $2,532,892,786, a total increase since 1907
o f $1,500,000,000, or about 150 per cent.
Deposit liabilities totaled at the close of the year $2,200,577,111, an increase for the year o f $763,546,127. This increase is
nearly $30,000,000 more than the entire deposit liabilities of the
85 trust companies reporting to the Superintendent of Banks on
January 1, 1908. This large increase in deposits is offset by in­
creases in loans and discounts o f $357,741,619; cash on hand,
$45,764,964; due from banks and trust companies, $240,741,585,
and in stock and bond investments, $115,003,630. Nearly the
entire increase in loans and discounts is secured by collateral other
than real estate.
The three trust companies organized during the year had a com­
bined capital o f $300,000, while increases in capital of four other
trust companies aggregated $650,000, making a total new capital
o f $950,000. During the same period one trust company having
a capital o f $750,000 was merged with another trust company, its
capital being eliminated in the process. Another trust company hav­
ing a capital o f $1,000,000 sold its business to a national bank and
went into voluntary liquidation, so that there was a net loss in
trust company capital for the year o f $800,000. Surplus,
including all undivided profits based upon market values, has
shown an increase o f $14,192,818, as compared with a loss of
$12,389,759 during the previous year. This change was due to




S u p e r in te n d e n t of B a n k s

7

a large extent to the increase in security values. The ratio of
capital, surplus and undivided profits to aggregate deposits was
11.6 per cent at the close o f 1915, as compared with 11.3 per cent
at the close of 1914, a truly remarkable record for the margin of
safety when the large increase in deposits is taken into account.
T rust C o m p a n y S ta tistic s

Following is a summarized statement of resources and liabili­
ties of the trust companies reporting to the Banking Department
on the dates specified during the past three yeats:

Stock and bond investments, viz.:
Public securities, market value....................
Private securities, market value...................
Real estate owned.................................................
Mortgages owned..................................................
Loans and discounts secured by bond and mortgage, deed or other real estate collateral..........
Loans and discounts secured by other collateral..
Loans, discounts and bills purchased not secured
by collateral.......................................................
Overdrafts..............................................................
Due from trust companies, banks and bankers. .
Specie.....................................................................
United States legal tender notes and notes of
national banks...................................................
Cash items, viz.: bills and checks for next day’s
clearings; other cash items...............................

December 9,
1913

December 24,
1914

$82,661,760
313,875,811
40,932,080
93,032,052

$96,258,534
340,511,568
42,245,370
94,302,392

$152,415,058
399,358,674
42,876,395
90,227,621

14,443,270
506,365,342

13,860,654
562,879,332

14,111,208
873,687,227

188,956,827
157,509
140,205,606
108,587,054

208,212,787
142,360
187,730,417
90,874,350

254,895,957
240,574
377,764,170
137,583,660

15,697,213

16,123,335

13,917,573

15,441,540

16,116,106

66,823,938
1,261,416

23,542,185

R esources

50,007,219

47,799,007
40

57,722,053
43

December 31,
1915

Customers’ liability on acceptances (per contra,
Amount of assets not included in any of the
above items........................................................
Add for cents.........................................................

54,300,102
41

Total resources.............................................. $1,574,656,207 $1,740,598,437 $2,532,892,786
L ia b il it ie s

Capital....................................................................
Surplus, including all undivided profits, on
market value......................................................
Unpaid dividends and reserve for taxes, interest,

$78,650,000

$80,400,000

$79,600,000

174,941,802

162,552,043

176,744,861

50,987,337

56,105,624

70,422,938

553,473
22,822,960

379,660

437,852

36,888,452

50,337,961

127,855,7 ^

1,942,583
Preferred deposits:
Due New York State savings banks............
Due New York State savings and loan associations, credit unions and land bank. ..
Trust deposits not payable within 30 days. .
Due as executor, administrator, guardian,
etc................................................................




8

A n n u al R eport of th e

December 9,
1913

L ia b il it ie s

December 24,
1914

December 31,
1915

Other deposits preferred because secured by out­
standing unmatured bonds issued by the
S17.630.710
Deposits by the State of New Y ork..........
Deposits by Superintendent of Banks of

$9,197,280

$7,849,731

1,997,139
Other deposits preferred because secured by
a pledge of assets.....................................
7,671,015
5,130,251
1,106,852
Deposits otherwise preferred........................
2,242,240
Due depositors, not preferred.............................. 1,047,240,308 1,209,181,342
101,054,111
Amount due trust companies, banks and bankers
79,595,833
885,316
50,000
1,022,957
Acceptances of drafts payable at a future date or
23,542,185
authorized by commercial letters of credit. ..
35,164,912
Other liabilities......................................................
55,980,217
40
41

1,474,284
7,127,189
6,269,379
1,751,588,393
227,551,618
369,000
36,972
49,881,027
25,683,772
43

Total liabilities.............................................. $1,574,656,207 $1,740,598,437 $2,532,892,786
$1,263,091,564 $1,437,030,984 $2,200,577,111

S avin gs B an ks

The savings banks in New York State experienced a prosperous
year. The increase in bond values has enabled them to increase
their surplus during the year by $14,419,839.61, the total amount
o f such surplus on January 1, 1916, being $154,124,167.51 as
against $139,704,327.90 a year ago. During the same period de­
posits showed an increase o f $47,705,979.85. Dividends credited
aggregated $65,124,623.36 or $17,418,643.51 more than the total
increase in deposits. The total amount deposited, exclusive of
dividends credited to accounts, was $412,502,363.32 as against
withdrawals of $429,908,102.58. The number of depositors in
savings banks on January 1, 1916, was 3,243,362, an increase for
the year o f 72,057.
The total resources aggregated $1,974,046,375.62, an increase of $61,841,801.70.
Average deposits
amounted to $560.90.
Since the close o f the year the Superintendent o f Banks issued
an authorization certificate to the Flatbush Savings Bank located
in Brooklyn. This is the first savings bank authorized since 1910.




9

S u p e r in t e n d e n t o f B a n k s
D et ailed S tatistic s

The following table gives in detail the resources and liabilities
of the savings banks of the State, together with other interesting
statistics:
C ond itio n of t h e S avings B a n k s
R 6$ OUTCBS

Bonds and mortgages....................................................... ....................... $1,043,325,012 46
Stock and bond investments:
United States.......................................................
$642,080 00
160,000 00
District of Columbia..........................................
New York State..................................................
21,795,000 00
40,194,004 00
Bonds of other States........................................
137,431,324 78
Bonds of cities in other States.........................
Bonds of cities in this State.............................
213,605,080 68
Bonds of counties in this State........................
20,331,320 00
Bonds of towns in this State............................
8,985,255 21
Bonds of villages in this State.........................
20,595,681 94
Bonds of school districts in this State...........
8,524,085 31
Railroad mortgage bonds..................................
294,374,296 96
Total par value of stocks and bonds. . . .
Amount of stocks and bonds at investment
value..................................................................
Amount of stocks and bonds at cost..............

$766,638,128 88
$790,080,327 82
1,084,763,840 80

Estimated market value of stocks and bonds..
Loans on pledge of securities...............................
Banking houses and lots at actual cash value..
Other real estate at actual cash value...............
Cash on deposit in banks and trust companies
Cash on hand...........................................................
Total of collectible interest...................................
Other assets..............................................................
Total resources...............................................

737,631,246
180,600
19,771,060
11,706,343
124,506,726
13,468,021
22,603,805
853,559

58
00
36
58
84
41
09
30

$1,974,046,375 62

Liabilities
Amount due depositors............................................................................ $1,819,206,937 91
Other liabilities..........................................................................................
715,270 20
Surplus on estimated market value of stocks and bonds...............
154,124,167 51
Total liabilities.................................................................................. $1,974,046,375 62
Surplus on par value of stocks and bonds..........................................
Statistical items
Number of open accounts.......................................................................
Number of accounts opened or reopened during the year..............
Number of accounts closed during the year.......................................
Amount deposited during the year not including dividends
credited...................................................................................................
Amount withdrawn during the year.....................................................
Amount of dividends paid and credited during the year................
Salaries paid for the year........................................................................
Expenses other than salaries for the year...........................................




$183,009,554 Q5

3,243,362
533,032
460,312
$412,502,363
429,908,102
65,124,623
3,245,975
3,644,019

32
58
36
49
49

10

A n n u al R eport of th e

A comparison o f certain salient features o f tlie savings bank
transactions o f the last three years follow s:
Gain shown
by 1913
reports over
1912

Gain shown
by 1914
reports over
1913

Gain shown
by 1915
reports over
1914

Gain in open accounts...............................
78,539
27,851
Gain in resources....................................... $64,550,578 18 *$14,129,757 84
29,803,491 53
Gain in amount due depositors................
52,244,297 67
22,915,321 71
Increase in market value surplus.............
*1,615,981 64
14,365,549 94
Gain in par surplus...................................
12,956,596 97
Gain in dividends paid or credited............
1,997,697 41
2,551,679 46
Gain in amount deposited during year. . .
4,908,512 19 *29,647,942 70
*4,654,612 90
Increase in amount withdrawn during year 24,998,250 53

72,057
$61,841,801 70
47,705,979 85
14,419,839 61
12,322,918 53
1,960,914 00
2,226,673 99
*13,711,185 03

* Decrease.

S avings B a n k D ividend R ates

The rates of dividends paid by the savings banks of the State
in January and July, 1915, and in January, 1916, are shown in
the following table:
January,
1915

Number paying 4 per cent.........................................
Number paying 4 and 4 j per cent...........................
Number paying 3 and 4 per cent.............................
Number paying 3§ and 4 per cent...........................

89
39
8
3
1

July,
1915

January,
1916

94
2
33
7
1
3

101
2
29
5
3

T h e P o sition of S ta te I n stit u t io n s in R e w Y ork

Reports filed with the Comptroller of the Currency on June 23,
1915, showed that the resources of the 27,062 institutions o f the
United States, exclusive o f the 12 Federal Reserve banks, were
nearly $28,000,000,000, or an average for each institution report­
ing o f a little over $1,000,000. For the same period 140 savings
banks, 201 banks o f deposit and discount, 80 trust companies, and
73 private bankers, or a total o f 494 institutions in Row
Y ork State, reported total resources o f over $4,670,000,000, or an
average for each institution o f nearly $10,000,000. The ratio of




SUPERINTENDENT OE BANKS

11

resources of the State institutions of New Y ork against the total
resources of institutions in the entire country is 16.8 per cent.
Trust companies and banks o f deposit and discount had total
resources on December 31, 1915, of $3,326,321,670, or nearly 12
per cent of the total for the country.
The savings deposits of 630 mutual savings banks reporting to
the Comptroller o f the Currency on June 23, 1915, were
$4,319,000,000, o f which amount $1,930,000,000 was contributed
by the 140 savings banks in New York State, or nearly 45 per cent
of the total.
The capital, surplus and undivided profits of trust companies,
banks of deposit and discount and private bankers for New York
State on July 1, 1915, were $337,055,250, while the surplus of
savings banks was approximately $138,020,085, which would make
a grand total of $475,075,335, or more than 10 per cent of the
total of all banking institutions in the United States.
H y p o t h e c a t io n of A ssets

It is gratifying to note that the items o f bills payable which in
the case of trust companies amounted to $885,316 on December
24, 1914, amounts now to but $369,000. The contingent liability,
because of bills rediscounted, and which amounted to $1,022,957
at the close o f 1914, has been almost entirely eliminated, amount­
ing to but $36,972 on December 31, 1915. The department has
at all times frowned upon the practice of hypothecating assets in
order to obtain additional funds, and it is receiving the co-opera­
tion of the institutions in its efforts to restrict this practice.
A cceptances

The privilege granted trust companies of accepting for payment
at a future date drafts drawn upon them by their customers has
proved popular during the year. The total acceptances outstand­
ing at the close o f the year amounted to $49,881,027, as compared
to $23,542,185 on December 24, 1914.
P ersonae L oan C o m pan ies and B rokers

A t the close of the year, there were under the control of this
department 20 personal loan companies and 2 personal loan
brokers with a combined capital o f $655,275. O f this number,




12

A n n u al R eport of th e

18 personal loan companies and 1 personal loan broker were au­
thorized during the year. The authorization certificate of one of
the personal loan brokers, Izora F. Wilson, was revoked on Decem­
ber 31, 1915, after due investigation.
One o f the personal loan companies, the Equitable Personal
Loan Company, was closed on June 2, 1915, by this department,
but was permitted to resume business on September 3, 1915, after
making good an impairment o f capital.
Personal loan companies are authorized by the Superintendent
of Banks to engage in the business of making small loans to needy
borrowers. The law restricts the amount loaned to any individual
at any one time to $200, and fixes the maximum rate of interest
on loans at 2 or 3 per centum per month, according to the class of
loans made. It is provided that under no circumstances must the
interest on any loan be more than 3 per centum per month.
Personal loan brokers are individuals engaged in the same class
of business and subject to the same restrictions.
A ll personal loan companies and personal loan brokers are now
transacting business under the provisions of article I X of the
Banking Law as amended and re-enacted by chapter 588 o f the
Laws o f 1915. Some time prior to the passage of this act, there
had been considerable difficulty in the supervision of these corpo­
rations and individuals owing to conflicting statutes. B y this act
all such contradictions were reconciled and the law clarified and
improved.
I n v e st m e n t C o m pan ies

The Morris Plan Company of Albany was authorized during
the past year and papers are on file for the organization of simi­
lar companies at Syracuse and Buffalo. These companies are
being organized for the purpose o f loaning small sums of money
at a reasonable rate of interest.
Applications for the organization o f other investment companies
for certain credit purposes have been filed, and it is expected
authorizations will be granted.
I n stit u t io n s U nder t h e S upervisio n of t h e B a n k in g
D epartm ent

The steady increase in the number o f institutions under the
supervision of the New York State Banking Department still con­
tinues. A t the close o f the year the total number of institutions




S u p e r in t e n d e n t o f B a n k s

13

under supervision was 1,072, which makes it mandatory for the
Superintendent o f Banks to make in each year at least 1,576 ex­
aminations, in compliance with the provisions of section 39 o f the
Banking Law.

The law requires banks of deposit and discount,

trust companies and 76 o f the 88 private bankers operating in this
State, to he examined at least twice a year.

It is also necessary

to make in addition many special examinations.
The following table gives the number of institutions under the
supervision o f this department, January 1, 1916:
Banks of deposit and discount....................................................................................
Banks of deposit and discount (branches)...............................................................
Private bankers..............................................................................................................
Trust companies.............................................................................................................
Trust companies (branches)........................................................................................
Savings banks.................................................................................................................
Safe deposit companies.................................................................................................
Safe deposit companies (branches)............................................................................
Investment companies..................................................................................................
Investment companies (branches)..............................................................................
Personal loan companies..............................................................................................
Personal loan brokers....................................................................................................
Foreign corporation agencies......................................................................................
Savings and loan associations.....................................................................................
Building lot associations...............................................................................................
Land Bank......................................................................................................................
Credit Unions.................................................................................................................

203
98
88
82
47
140
47
37
15
1
20
1
23
251
1
1
17
1,072

The following table shows the number o f examinations required
by law to be made o f these institutions:
Banks of deposit aDd discount....................................................................................
Banks of deposit and discount (branches)...............................................................
Private bankers (76 twice yearly, 12 annually).....................................................
Trust companies.............................................................................................................
Trust companies (branches)........................................................................................
Savings banks.................................................................................................................
Safe deposit companies.................................................................................................
Safe deposit companies (branches)............................................................................
Investment companies..................................................................................................
Investment companies (branches).............................................................................
Personal loan companies..............................................................................................
Personal loan brokers....................................................................................................
Foreign corporation agencies.......................................................................................
Savings and loan associations.....................................................................................
Building lot associations...............................................................................................
Land Bank.......................................................................................................................
Credit Unions..................................................................................................................




406
196
164
164
94
140
47
37
13
1
20
1
23
251
1
1
17
1,576

14

A n n u a l R e p o r t oe t h e
P a y m e n t of D e p a r t m e n t ’ s E xpenses

Despite the steady increase in the number and resources o f in­
stitutions and the consequently increasing work made necessary
by the new hanking law, the total expenses of the department show
an increase for the last fiscal year o f only $1,206.70, or about
one-half o f one per cent against an increase in resources of over
11 per cent.

The total expenses were $227,920.40, as against

$226,713.70 of the previous year.
The expenses o f the department are paid in the first instance
out o f the State Treasury, and reimbursement therefor made
through assessment by the Superintendent of Banks upon the vari­
ous institutions which are subject to his supervision.

The account

o f the Banking Department on the books o f the State Comptroller
shows that from the date o f the department’s organization in 1851
to October 1, 1915, the department has received from the State
Treasurer an aggregate of $3,380,600.77, and paid into the State
Treasury in the same time a total of $3,254,519.09.

The bal­

ance which was due the State Treasurer on October 1, 1915, has
since been paid into the treasury. It will thus be seen that the
cost o f running this department since its organization in 1851
has been paid entirely by the institutions under its supervision,
and no part thereof has been borne by the taxpayers of the State.
N e w T rust C o m pan ies

N ame

Location

Rome Trust Company.. Rome..............
Livingston County Trust
Company..................... Geneseo..........
St. Lawrence Trust Comp a n y ............................... Ogdensburg...




Certificate
approved

Date of
authorization

Capital

Feb. 15,1915

Feb. 26, 1915

$100,000

May

1,1915

June 28,1915

100,000

June 4,1915

Oct. 14,1915

100,000

15

S u p e r in t e n d e n t o f B a n n s
N e w T rust C o m p a n y B ran ches
Location

N ame

Broadway Trust Company............
Transatlantic Trust Company. . . .
Metropolitan Trust Company. . . .
Lincoln Trust Company.................
Bankers Trust Company................

Location of new branch

New York .. Bridge Plaza, cor. Radde street,
Long Island City.
New York.. 130 East Seventh street, Borough
of Manhattan.
New Y o rk .. 716 Fifth avenue, Borough of Man­
hattan
New Y o rk .. 346 Broadway, Borough of Man­
hattan.
Buffalo........ Corner Main and Utica streets,
Buffalo.

T rust C o m p a n y B ran ches C losed
Location

N ame

Transatlantic Trust Company.. . .
Lincoln Trust Company. . . . . . . . .
Empire Trust Company.................

Location of closed branch

New Y ork., 207 Second avenue, Borough of
Manhattan.
New York. . 413 Broadway Borough of Man­
hattan.
New York. . 65 (Cedar ."street Borough of Man­
hattan.

I ncrease of C a p i t a e — T rust C o m pan ies

N ame

Citizens’ Trust Company of Utica, N. Y.
Rome Trust Company................................
Buffalo Trust Company.............................
The Syracuse Trust Company.................
Guaranty Trust Company of New York.

Utica...............
Rome..............
Buffalo............
Syracuse.........
New York .. . .

Date of
increase

Location

Jan.
Mar.
June
Sept.
Nov.

5,
13,
3,
24,
24,

Amount of
increase

1915
$200,000
1915
200.000
1915
50,000
1915
200,000
1915 10,000,000

T rust C o m p a n y M ergers

N ame

Location

Home Trust Company of New York. Brooklyn.




Merger

Date of
merger

Into Lawyers’ Title,
Insurance and Trust
Company................. Feb. 1, 1915

16

A n n u al R eport of th e
C h a n g e of N a m e of T rust C o m pan ies

Feb.

1, 1915

Oct. 11, 1915

Name of Lawyers’ Title, Insurance and Trust Company changed
to Lawyers’ Title and Trust Company.
Name of Manufacturers-Citizens’ Trust Company of Brooklyn
changed to Manufacturers’ Trust Company.

T rust C o m p a n y C losed

Date of
withdrawal

Location

N ame

The Mutual Alliance Trust Company of
New York*............................................... New York .. . .

Capital

April 30, 1915 $1,000,000

* Voluntary liquidation.

T rust C o m p a n y R efused

N ame

Location

Directors’ Trust Company..............................................

New Y o rk .. . .

Date

Dec.

3, 1915

N e w S a f e D eposit C o m pan ies

N ame

Location

The State Safe Deposit
Company..................... New York. . . .
The Farmers’ Safe De­
posit Company........... New Y o rk .. . .




Certificate
approved

Date of
authorization

Capital

June 10, 1915

July 14,1915

$100,000

Sept. 20, 1915

Oct. 26,1915

100,000

17

S u p e r in t e n d e n t o f B x.n k s
\
S afe D eposit C o m p a n y C losed

Location

Date of
closing

New York........

Feb. 5, 1915

N ame

Wall Street Safe Deposit Company*. .. .

Capital

$100,000

* Voluntary liquidation.

N e w S af e D eposit C o m p a n y B ran c h es

N ame

Location

Corn Exchange Safe Deposit
Company................................... New York... .
Corn Exchange Safe Deposit
Company................................... New Y ork ... .
Corn Exchange Safe Deposit
Company................................... New York... .
Empire Safe Deposit Company. New Y o rk ... .
Empire Safe Deposit Company. New York ... .
The State Safe Deposit Company New York ... .
The State Safe Deposit Company New Y o rk .. . .
The State Safe Deposit Company New York... .
Madison Safe Deposit Company New York ... .

Location of new branch

162-164 Stuyvesant place,
Brighton.

New

126 East 86th street, Borough of
Manhattan.
762-776 Lexington avenue, Borough
of Manhattan. *
120 Broadway, Borough of Man­
hattan.
580 Fifth avenue, Borough of Man­
hattan.
Cor. Graham avenue and Varet
street, Borough of Brooklyn.
Cor. Union and Westchester ave­
nues, Borough of Bronx.
Cor. Stone and Pitkin avenues,
Borough of Brooklyn.
204 Fifth avenue, Borough of Man­
hattan.

S afe D epo sit C o m p a n y B ran ches C losed

N ame

Location

Date of
closing

Com Exchange Safe Deposit Com­
pany ...................................................

14 Richmond Terrace, New
Brighton.....................................
Empire Safe Deposit Company. .. . 42 Broadway, New York.............
Empire Safe Deposit Company. . . . 120 Broadway, New York...........
Madison Safe Deposit Company. . . 413 Broadway, New York...........




Mar. 5, 1915
May 21, 1915
Sept. 9, 1915
Oct. 1, 1915

18

A n n u al R epoet of th e
P eesonal L oan C o m pan ies A uthoeized

Location

N ame

St. Bartholomew’s Loan
Association......................
The Auburn Personal Loan
Company.........................
Provident Loan Society of
Rochester........................
Union Loan Company... .
Personal Loan Association
of Onondaga Co., Inc. .
Cayuga Loan Company. .
Onondaga Provident Loan
Association, Inc.............
Syracuse Loan Company..
Fidelity Credit Company.
Buffalo Security Company
American Credit Company
Standard Credit Company
of Buffalo........................
Home Credit Company. . .
Provident Loan Company
of Buffalo........................
Remedial Loan Society of
Buffalo, Inc.....................
The Utica Provident Loan
Association.....................
The Chattel Loan Society
of New York, Inc..........
Empire City Personal Loan
Company.........................

Certificate
approved

Date of
authorization

Capital

New York..

Jan.

5, 1915

Jan.

5, 1915

$40,275

Auburn. . . .

Jan. 19, 1915

Feb.

8, 1915

5,000

Rochester. .
Syracuse.. .

Mar. 3, 1915
Mar. 5, 1915

M:ar. 3, 1915
M:ar. 5, 1915

50,000
10,000

Syracuse. . .
Auburn. . . .

Mar. 8, 1915
Mar. 10, 1915

M'ar. 8, 1915
Mar. 10, 1915

10,000
10,000

Syracuse.. .
Syracuse.. .
Buffalo........
Buffalo........
Buffalo........

Mar.
Mar.
Mar.
Mar.
Mar.

M'ar.
MAr.
M!ar.
Mar.
M'ar.

1915
1915
1915
1915
1915

30,000
10,000
10,000
10,000
10,000

Buffalo........
Buffalo........

Mar. 22, 1915
Mar. 22, 1915

Mar. 22, 1915
Mar. 22, 1915

10,000
10,000

Buffalo........

Mar. 22, 1915

M'ar. 22, 1915

10,000

Buffalo........

Mar. 24, 1915

M:ar. 24, 1915

30,000

Utica...........

Mar. 25, 1915

MAr. 25, 1915

10,000

New Y o rk .. Mar. 25, 1915

Mar. 25, 1915

200,000

Elmhurst.. .

Oct. 22, 1915

10,000

13,
19,
20,
20,
22,

1915
1915
1915
1915
1915

Sept. 21, 1915

13,
19,
20,
20,
22,

P e eso n al L oan B eo k ee A uthoeized

N ame

Location

Certificate
approved

Date of
authorization

David Gordon................

N ew Y o rk ... .

Mar. 15, 1915

April 9, 1915




Capital

$1 0,00 0

19

S u p e r in t e n d e n t o f B a n k s
I ncrease of C a p it a l of P ersonal L oan C o m pan ies

N ame

Date

Location

The Remedial Loan Society of Buffalo. . Buffalo............
Onondaga Provident Loan Association,
Inc....................................... , .................... Syracuse.........

Amount of
increase

Jan. 28,1915

$10,000

June 16, 1915

10,000

P ersonal L oan C o m p a n y C losed

Location

N ame

The Equitable Personal Loan
Company................................... New Y ork .. . .

Remarks.

Superintendent took possession.
June 2, 1915. Allowed to resume
business September 3, 1915

N e w P ersonal L oan C o m p a n y B r an c h

Location

N ame

Chattel Loan Society of New
York, Inc................................... New Y ork ... .

Location of new branch

Rooms 7-8 Minden Bldg, Howard
avenue and Monroe street, Brook­
lyn, N. Y.

A u th o rizatio n of P ersonal L oan B roker R evoked

N ame

Location

Date of
revocation

Izora F. Wilson..............................................................

New York............

Dec. 31, 1915




20

A n n u al R eport of th e
N e w I n v e st m e n t C o m pan ies

Location

N ame

The Morris Plan Company of
Albany.................................. Albany. . .

Certificate
approved

Date of
authorization

Capital

July 21, 1915

July 30, 1915

$100,0 00

I n v e st m e n t C o m p a n y B ran c h

Location

N ame

The Morris Plan Company of New
York................................................ New York___

Location of new branch

52 William street.

I ncrease of C a p it a l of I n v e st m e n t C o m pan ies
Date of
increase

Location

N ame

Guaranteed Mortgage Company of New
York........................................................... New Y ork ... . April 15, 1915
The Morris Plan Company of New York. New York ... . Sept. 8, 1915

F unds of

C losed

S avin gs

B anks

H eld

by

th e

Amount of
increase

$125,000
400,000

B a n k in g

D e p a r tm e n t

Funds belonging to former depositors o f thirty-three closed
savings banks continue to be held by this Department.

During

the year 1915 payments aggregating $12.87 were made to claim­
ants who had furnished to the Superintendent of Banks satis­
factory evidence o f their right to the same.

These payments were

made from moneys remaining to the credit of three closed institu­
tions; the Bond Street Savings Bank, New York City, the Oriental
Savings Bank, New York City and the Third Avenue Savings




21

S u p e r in t e n d e n t o f B a n k s

Year chartered 1

Year closed

Bank, Y ew York City. Following is the statement giving the
names o f the closed savings banks, the years they were chartered
and closed, the rate per centum of dividends declared, unclaimed
dividends deposited with the Superintendent of Banks, the amount
disbursed to claimants, and the balance of unclaimed dividends.

1869
1860
1868
1867
1857
1866
1870
1868
1868
1869
1869
1892
1868

1876
1876
1871
1875
1880
1880
1877
1877
1877
1884
1880
1899
1877

1866
1904
1871
1866
1871
1852

1875
1908
1879
1880
1880
1876

1865
1868
1869
1874
1869
1868
1863
1869
1867
1868
1854
1854
1870
1873

1883
1875
1876
1879
1877
1880
1875
1881
1877
1876
1878
1875
1876
1878

N ame

of

I n s t it u t io n

Rate
per cent,
of
dividend
declared

48
86 5-8
35
30
100
Chautauqua County Savings Bank*. . 100
Clairmont Savings Bank.....................
15
Clinton Savings Bank..........................
68.169
Coxsackie Savings Institution*........... 100
Eleventh Ward Savings Bank*........... 100
Equitable Savings Institution*........... 100
Fulton County Savings Bank*............ 100
German Savings Bank of the Town of
Morrisania.........................................
46 1-6
German Uptown Savings Bank..........
64
Guardian Savings Bank, Brooklyn*.. . 100
Haverstraw Savings Bank...................
75
100
Mechanics’ Savings Bank, Brooklyn*. 100
Mechanics and Traders’ Savings Institution, Nfew Y ork.........................
71
Morrisania Savings Bank*.................. 100
Mutual Benefit Savings Bank.............
64
New Amsterdam Savings Bank..........
77
100
Oriental Savings Bank, New Y o rk ... . 601
100
People’s Savings Bank, New Y o rk ... . 48 7-12
Port Jervis Savings Bank*.................. 100
Saratoga Savings Bank........................
88
Security Savings Bank, New Y ork ... . 61 f
Sixpenny Savings Bank, New Y ork ...
85.55
Third Ave. Savings Bank, New Y ork ..
19
Trades Savings Bank, New York.......
15
Union Savings Bank, Saratoga Springs.
6
Abingdon Square Savings Bank..........
Bond Street Savings Bank, N. Y ........
Bowling Green Savings Bank..............
Central Park Savings Bank.................

Unclaimed
dividends
deposited
with
superin­
tendent
$930
21,132
3,994
1,497
49
2
501
831
258
1,833
150
26
3,656
5,598
888
596
320
329
14,315
842
7,554
429
1
2,255
329
5,530
251
437
1,865
39,319
895
547
180

Paid by
superin­
tendent
to
claimants

Balance
unclaimed

$481 78
37
$448 59
88 10,442 01 10,690 87
29
19 56 3,974 73
704 19
793 57
76
49 72
72
24
2 24
90
17 98
483 92
91
750 77
81 14
32
238 72
19 60
19
147 25 1,685 94
49
45
150 04
22 10
4 22
32
86
70
27
04
71
39

1,488
1,142
700
327

39
92
03
21

2,168
4,455
188
268
320
329

47
78
24
83
71
39

91 7,055 48 7,260 43
670 88
74
171 86
86 3,630 80 3,924 06
79
9 20
420 59
40
1 40
296 47 1,959 03
50
44
329 44
96 3,027 14 2,503 82
97
248 13
3 84
1 82
88
436 06
72
628 81
1,236 91
89 12,645 86 26,674 03
15
465 91
429 24
32
3 72
543 60
89
144 72
36 17

Total............................................... ............... $117,358 78 $44,297 12 $73,061 66

* Closed voluntarily.




22

A n n u al R eport of th e
C a p it a l and S urplus oe T rust ’C o m pan ies

The following table gives the titles, capital, book surplus and
market value surplus o f the trust companies which reported their
condition to the Superintendent o f Banks as of December 31, 1915 :

NAME AND LOCATION

Capital

Adirondack Trust Company, The, Saratoga Springs. . .
$100,000
Albany Trust Company, The, Albany...........................
400,000
Astor Trust Company, New York C ity.........................
1,250,000
Auburn Trust Company, Auburn...................................
150,000
Bankers’ Trust Company of Buffalo, Buffalo................
1,000,000
Bankers’ Trust Company, New York C ity.................... 10,000,000
Broadway Trust Company, New York C ity.................
1,500,000
Brooklyn Trust Company, Brooklyn.............................
1,500,000
Buffalo Trust Company, Buffalo....................................
200,000
Central City Trust Company, Syracuse........................
300,000
Central Trust Company, New York City.......................
3,000,000
Chemung Canal Trust Company, Elmira......................
600,000
Citizens’ Trust Company, Fredonia...............................
100,000
Citizens’ Trust Company of Schenectady, N. Y.,
Schenectady...................................................................
150,000
Citizens’ Trust Company of Utica, N. Y., Utica............
500,000
Columbia Trust Company, New York C ity..................
2,000,000
Columbus Trust Company, Newburgh...........................
100,000
Commercial Trust Company, New York C ity..............
500,000
Commonwealth Trust Company, Buffalo.......................
500,000
County Trust Company, White Plains...........................
100,000
Empire Trust Company, New York C ity......................
1,500,000
Equitable Trust Company of New York, New York
C ity................................................................................
3,000,000
Farmers’ Loan and Trust Company, New York City. .
1,000,000
Fidelity Trust Company of Buffalo, Buffalo.................
500,000
Fidelity Trust Company, New York C ity.....................
1,000,000
Fidelity Trust Company, Rochester...............................
200,000
Franklin Trust Company, Brooklyn...............................
1,000,000
Fulton Trust Company, New York C ity.......................
500,000
Genesee Valley Trust Company, Rochester...................
400,000
Glens Falls Trust Company, Glens Falls.......................
100,000
Guaranty Trust Company of New York, New York
C ity................................................................................ 10,000,000
Hamilton Trust Company, Brooklyn.............................
500,000
Hudson River Trust Company, Hudson........................
125,000
Hudson Trust Company, New York C ity......................
500,000
Huguenot Trust Company of New Rochelle, New
Rochelle.........................................................................
150,000
Ithaca Trust Company, Ithaca.......................................
200,000
Kings County Trust Company, Brooklyn.....................
500,000
Lawyers’ Title and Trust Company, New York City. . 4,000,000
Lincoln Trust Company, New York C ity ......................
1,000,000
Livingston County Trust Company, Geneseo...............
100,000
Madison County Trust and Deposit Company, Onpida.
100,000
Manufacturers’ Trust Company, Brooklyn...................
1,000,000




Surplus at
book value
of stocks
and bonds

Surplus at
market value
of stocks
and bonds

$144,016
285,095
1,243,655
178,296
288,014
12,923,760
922,539
3,287,238
171,184
313,873
17,588,402
563,909
64,849

$170,249
312,928
1,541,086
171,156
346,350
14,694,097
902,539
3,730,746
170,665
313,976
17,502,200
573,165
59,349

232,287
534,295
7,583,723
137,783
133,021
225,595
161,445
1,345,196

289,826
556,504
7,659,684
159,202
134,040
236,591
165,737
1,375,184

9,457,084
7,000,361
428,994
1,239,830
297,154
1,172,473
622,660
153,248
156,020

9,608,497
7,382,949
475,878
1,204,830
261,418
1,257,869
702,120
120,024
168,414

23,016,654
1,102,381
78,030
616,768

26,352,048
1,085,934
86,413
600,823

59,522
122,647
2,647,528
5,189,662
525,917
11,028
63,796
351,590

60,276
190,452
2,635,213
5,386,056
503,891
11,917
71,370
321,590

23

S u p e r in t e n d e n t o f B a n k s

NAME AND LOCATION

Capital

Metropolitan Trust Company, New York C ity............ $2,000,000
200,000
Montgomery County Trust Company, Amsterdam___
Mount Vernon Trust Company, Mount Vernon...........
200,000
Mutual Trust Company of Westchester County, Port
Chester...........................................................................
300,000
Nassau County Trust Company, Mineola.....................
100,000
New Rochelle Trust Company, New Rochelle..............
200,000
New York Life Insurance and Trust Company, New
1,000,000
York C ity ......................................................................
New York Trust Company, New York C ity.................
3,000,000
100,000
Niagara Falls Trust Company, Niagara Falls...............
Northern New York Trust Company, Watertown........
400,000
Northport Trust Company, Northport..........................
100,000
Olean Trust Company, Olean.........................................
100,000
Orange County Trust Company, Middletown...............
100,000
People’s Trust Company of Binghamton, Binghamton.
500,000
People’s Trust Company, The, Brooklyn.......................
1,000,000
Poughkeepsie Trust Company, Poughkeepsie...............
125,000
Queens County Trust Company, Jamaica.....................
600,000
Rochester Trust and Safe Deposit Company, Rochester.
500,000
Rockland County Trust Company, Nyack....................
100,000
Rome Trust Company, R o m e ........................................
300,000
St. Lawrence Trust Company, Ogdensburg...................
100,000
Salamanca Trust Company, Salamanca.........................
100,000
Schenectady Trust Company, Schenectady...................
250,000
Security Trust Company of Rochester, Rochester........
300,000
200,000
Security Trust Company of Troy, The, T roy...............
Suffolk County Trust Company, The, Riverhead.........
100,000
Syracuse Trust Company, Syracuse...............................
500,000
Title Guarantee and Trust Company, New York C ity ..
5,000,000
700,000
Transatlantic Trust Company, New York C ity............
Troy Trust Company, The, T roy ...................................
200,000
Trust Company of Wyoming County, Warsaw.............
100,000
Trust and Deposit Company of Onondaga, Syracuse..
1,000,000
Union Trust Company of Albany, N. Y., The, A lbany..
250,000
300,000
Union Trust Company of Jamestown, Jamestown........
Union Trust Company of New York, New York City..
3,000,000
Union Trust Company of Rochester, Rochester............
500,000
United States Mortgage and Trust Company, New
York C ity......................................................................
2,000,000
United States Trust Company of New York, New York
C ity................................................................................
2,000,000
Utica Trust and Deposit Company, Utica.....................
400,000
Westchester Trust Company, Yonkers...........................
300,000




Surplus at
book value
of stocks
and bonds

Surplus at
market value
of stocks
and bonds

$6,035,819
113,474
375,877

$6,087,328
125,237
352,037

75,092
96,837
47,977

97,502
109,341
90,680

3,937,418
10,765,397
191,575
495,405
48,812
3,137
295,101
125,965
1,571,295
190,514
91,736
849,510
40,125
70,085
26,407
185,202
364,272
517,667
124,354
102,052
505,774
11,891,645
450,000
66,047
46,755
654,829
524,294
186,541
5,197,722
484,788
4,280,184

4,063,289
11,247,084
188,575
499,884
48,617
3,137
293,132
122,013
1,603,822
154,113
93,838
849,510
48,246
75,673
29,461
186,502
420,876
576,667
165,365
103,552
524,915
11,965,740
478,680
79,706
48,490
654,829
610,348
229,594
5,162,096
494,896
pfti
4,241,608

14,250,742
444,110
258,608

14,303,188
520,887
241,157

24

A nn ual R epoet of th e
S a f e D eposit C om pan ies

The following list gives the names, location and capital of the
safe deposit companies as o f January 1, 1916:
Name and location
Albany Safe Deposit and Storage Company, Albany..............................
Astor Safe Deposit Company, New York City..........................................
Atlantic Safe Deposit Company, New York City.....................................
Bankers’ Safe Deposit Company, New York City...................................
Broadway Safe Deposit Company, New York City.................................
Bronx Safe Deposit Company, New York City........................................
Brooklyn City Safe Deposit Company, Brooklyn....................................
Central Safe Deposit Company, Ossining...................................................
City Safe Deposit Company, of Albany, N. Y ..........................................
Colonial Bank Safe Deposit Company, New York City.........................
Commercial Safe Deposit Company, New York City.............................
Corn Exchange Safe Deposit Company, New York City.......................
County Safe Deposit Company, White Plains...........................................
Empire City Safe Deposit Company, New York City.............................
Empire Safe Deposit Company, New York City......................................
Equitable Safe Deposit Company of New York, The..............................
Farmers’ Safe Deposit Company, The, New York City.........................
Fifth Avenue Safe Deposit Company, New York City...........................
Franklin Safe Deposit Company, Brooklyn...............................................
Garfield Safe Deposit Company, New York City.....................................
Greenwich Safe Deposit Company, New York City................................
Guaranty Safe Deposit Company, New York City..................................
Hanover Safe Deposit Company, New York City....................................
Hudson Safe Deposit Company, New York City.....................................
Knickerbocker Safe Deposit Company, New York City.........................
Lincoln Safe Deposit Company, New York City......................................
Long Island Safe Deposit Company, Brooklyn.........................................
Madison Safe Deposit Company, New York City....................................
Mercantile Safe Deposit Company, New York City................................
Metropolitan Safe Deposit Company, New York City............................
Mount Vernon Safe Deposit Company, Mount Vernon..........................
New Maiden Lane Safe Deposit Company, New York City.................
New Rochelle Safe Deposit Company, New Rochelle..............................
New York Produce Exchange Safe Deposit and Storage Company,
New York City..............................................................................................
New York Stock Exchange Safe Deposit Company, New York C ity ..
Ossining Safe Deposit Company, Ossining.................................................
Rockland County Safe Deposit Company, Nyack....................................
Safe Deposit Company of New York, New York City...........................
Security Safe Deposit Company of Brooklyn............................................
Security Safe Deposit Company, Buffalo....................................................
Security Safe Deposit Company of Troy....................................................
Standard Safe Deposit Company, New York City...................................
State Safe Deposit Company, New York City..........................................
Thirty-fourth Street Safe Deposit Company, New York City..............
Union Trust Safe Deposit Company, New York City.............................
United States Safe Deposit Company, New York City...........................
Woolworth Building Safe Deposit Company, New York City..............

Capital
$90,000
100,000
100,000
100,000
100,000
100,000
100,000
10,000
50,000
100,000
100,000
300,000
10,000
100,000
100,000
150,000
100,000
100,000
100,000
150,000
100,000
100,000
200,000
100,000
100,000
1,000,000
100,000
100,000
450,000
100,000
10,000
100,000
10,000

00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

150,000
100,000
20,000
10,000
100,000
100,000
150,000
50,000
200,000
100,000
225,000
100,000
200,000
100,000

00
00
00
00
00
00
00
00
00
00
00
00
00
00

$6,135,000 00

C ondition of th e S afe D eposit C o m pan ies

Arranged in comparative form, the various items o f resources
and liabilities o f the safe deposit companies reporting to the Su-




S u p e r in t e n d e n t o f B a n k s

25

perintendent of Banks, as o f the first day o f January in each of
the last three years are as follow s:
1916

1914

1915

Bonds and mortgages.............................
Stock and bond investments................
Real estate................................................
Vaults and safes......................................
Furniture and fixtures...........................
Loans on collateral.................................
Cash deposited.........................................
Cash on hand...........................................
Safe rentals due and accrued................
Silver storage due and accrued............
Warehouse storage due and accrued. .
Other assets..............................................
Add for cents...........................................

$137,550
1,988,989
2,653,617
3,149,080
189,998
23,150
487,600
2,819
64,507
35,763
127,674
103,832
4

$141,600
2,448,570
2,432,935
3,069,971
181,925
1,000
304,738
2,189
62,134
31,966
134,744
43,485
4

$272,250
2,118,982
2,433,128
3,077,583
166,785
1,000
573,780
2,787
71,259
33,551
130,189
31,307
5

Totals................................................

$8,964,583

$8,855,261

$8,912,606

Capital stock............................................
Excess of assets over liabilities............
Loans secured by bond and mortgage
Other loans...............................................
Interest due and accrued on loans
Expenses incurred but unpaid...........
Other liabilities........................................
Add for cents......................................... .

$6,085,000
1,568,264
1,018,000
119,000
7,286
10,109
156,923
1

$6,035,000
1,609,788
970,000
69,850
6,804
10,865
152,952
2

$6,135,000
1,820,967
670,000
111,500
6,327
11,133
157,677
2

Totals................................................

$8,964,583

$8,855,261

$8,912,606

R esources

L ia b il it ie s

S ecur ities H eld in T rust

The securities held in trust by the Superintendent o f Banks on
the first day of January, 1916, for the protection of the depositors
with and creditors o f the several trust companies and of one
investment company which is engaged in the business of receiving
deposits, were as follows:
United States 2 per cent bonds.....................................................................
New York State 3 per cent bonds.................................................................
New York State 4 per cent bonds.................................................................
New York State 4j per cent bonds..............................................................
New York State \\ per cent bonds..............................................................
New York County 3.3 per cent bonds.........................................................
New York City 2s per cent bonds................................................................
New York City 3 per cent bonds..................................................................
New York City 3| per cent bonds................................................................
New York City 4 per cent bonds..................................................................
New York City 4| per cent bonds................................................................
New York City 4| per cent bonds................................................................
Brooklyn City 3| per cent bonds..................................................................
Niagara Falls City 4 per cent bonds.............................................................
Rochester City 3§ per cent bonds.................................................................
Long Island City 3| per cent bonds.............................................................




$2,000
206,000
161,000
5,000
247,000
50,000
318,000
678,000
2,831,500
584,500
3,372,000
581,500
250,000
30,000
80,000
10,000

00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

26

A nnual, R epoet of th e

Middletown City 3^ per cent bonds.............................................................
Albany City 3§ per cent bonds.....................................................................
Albany City 4 per cent bonds........................................................................
Jamestown City 4 per cent bonds.................................................................
Jamestown City 4 j per cent bonds...............................................................
Cohoes City 3§ per cent bonds......................................................................
Utica City 4 per cent bonds...........................................................................
Buffalo City 3J per cent bonds......................................................................
Buffalo City 4 per cent bonds........................................................................
Buffalo City 4£ per cent bonds......................................................................
Rensselaer City 4| per cent bonds...............................................................
Rome City 4 per cent bonds..........................................................................
Little Valley Village 4.95 per cent bonds....................................................
School district 4.95 per cent bonds...............................................................
Bonds and mortgages........................................................................................

$20,000
48,900
16,500
46,000
5,000
2,000
8,000
15,000
20,000
6,000
1,900
10,000
4,190
19,000
177,500

00
00
00
00
00
00
00
00
00
00
00
00
40
00
00

Total............................................................................................................ $9,806,490 40

I n st it u t io n s S u b je c t to th e S u p e e in t e n d e n t of t h e
B a n k in g D e p a e t m e n t

The total resources of the savings banks, trust companies and
safe deposit companies o f the State o f Hew Y ork on the first day
of January in each year for the last twenty years, and of the State
banks of deposit and discount as reported on the date nearest
thereto, were:
Total Resources

D ate

1897,
1898,
1899,
1900,
1901,
1902,
1903,
1904,
1905,
1906,
1907,
1908,
1909,
1910,
1911,
1912,
1913,
1914,
1915,
1916,

January 1.........
January 1.........
January 1.........
January 1.........
January 1.........
January 1.........
January 1.........
January 1.........
January 1.........
January 1.........
January 1.........
January 1 .........
January 1..........
January 1..........
January 1.........
January 1..........
January 1.........
January 1.........
January 1.........
January 1..........

Savings banks

$812,173,632
869,751,244
923,420,861
1,000,209,099
1,066,019,216
1,131,564,624
1,191,327,573
1,238,800,468
1,311,993,505
1,405,800,904
1,464,950,833
1,465,295,677
1,536,610,547
1,628,916,868
1,695,650,793
1,780,862,290
1,861,783,753
1,926,334,331
1,912,204,573
1,974,046,375

37
02
82
51
98
00
18
61
17
84
40
92
64
60
54
05
58
76
92
62

Banks of deposit
and discount

$280,691,855
324,766,619
355,485,972
366,304,182
380,711,930
421.616,408
366,932,347
382,080,238
497,378,209
*522,616,915
*567,986,011
509,680,073
*614,707,421
*610,421,807
*610,142,579
611,632,378
617,063,267
625,806,406
648,234,361
793,428,884

Trust
companies

$396,742,947
483,739,925
579,205,442
672,190,671
797,983,512
969,403,911
1,039,956,625
1,039,735,828
1,364,016,015
1,312,799,130
1,365,245,430
1,012,747,930
1,477,575,489
1,604,203,727
1,515,453,650
f l , 690,075,954
t l , 598,555,823
t l , 574,666,207
f l , 740,598,437
+2,532,892,786

Safe deposit
companies

$4,677,325
5,116,362
5,197,996
5,269,271
5,255,452
5,663,016
6,111,411
6,939,799
7,354,553
7,419,085
8,113,235
8,375,569
9,352,822
9,583,960
8,621,722
8,094,038
8,658,127
8,964,583
8,855,261
8,912,606

07
15
76
04
04
97
42
37
41
95
04
53
12
78
91
15
40
83
45
17

* November; the other bank reports called in December. The increase in resources of these
four classes of institutions during the year 1915 was $999,388,018.42.
f December.
The total resources of private bankers December 24, 1914, was $18,462,092 ; December 31,
1915, was $14,110,555,




S u p e r in t e n d e n t o f B a n k s

27

L iq u id a tio n of C losed I n stit u t io n s
C arn eg ie T rust C o m p a n y

Marked progress was made in the liquidation of the Carnegie
Trust Company during the past year, which permitted the pay­
ment to creditors o f a third dividend of 5 per cent., amounting to
$328,692. In addition $120,823 was paid to creditors entitled to
the 35 per cent, heretofore declared, while preferred payments of
$4,500 were also made, making a total of $454,015 paid to cred­
itors during the year. This liquidation has now paid a total of
40 per cent, in dividends and has disbursed to date over
$3,366,000. The cash on hand at the close o f the year was
$467,635, and was sufficient to pay an additional dividend. How­
ever, it was necessary to retain this money until the settlement of
certain litigation now pending, particularly the so-called Lebaudy
claim, and an action instituted by the trustees in bankruptcy of
the Hew York Real Estate Security Company for the recovery of
$198,500 claimed as preference. The complaint in the latter
matter was served December 24, 1915. Several important legal
actions‘were decided in favor o f the company during the year
following the determination o f the so-called Henkel and Morris
cases, involving the enforcement o f preferential payments of dis­
puted classes o f deposits, the department secured a final adjudi­
cation of the action begun against the trust company by the
Madison Trust Company and the nineteenth W ard Bank.
The trust company at the time o f its failure held accounts
approximating $700,000, constituting funds deposited with it as
trustee under trust deeds to secure bond issues and similar special
purposes. In no one o f these instances was the Carnegie Trust
Company a trustee by judicial appointment. These claims were
construed as being entitled to preferential payment under section
190 o f the Banking Law, and were paid in full in 1911, except the
claims o f the Madison Trust Company for $195,000 and the
Nineteenth Ward Bank for $124,000. The latter claims were con­
sequently rejected by the State Banking Department. Actions
were then brought to recover them, the Nineteenth Ward Bank
claim being assigned first to Henry Phipps and thereafter to John
M. McGrath for the purpose o f suit.
On the trial o f these actions the State Banking Department,




28

A n n u al R eport of th e

while making it their main contention that no liability on behalf
o f the Carnegie Trust Company arose by virtue of these trans­
actions, claimed, however, that if it were established that the
Carnegie Trust Company had become trustee for the funds ob­
tained from the banks the claims were not entitled to a preference
under section 190 o f the Banking Law. Supreme Court Justice
Platzek, in March, 1914, rejected this contention and gave judg­
ment to the plaintiff for the full amount o f their claims, with
interest, and also directed the 'Superintendent of Banks to make
preferential payments of their judgments.
The Department appealed to the Appellate Division, First D e­
partment, which unanimously decided that these claims were not
entitled to preferential payments, sustaining the claim o f the
Banking Department, that the word “ trustee” in section 190 of
the Banking Law is applicable only to a trustee appointed by the
courts o f this State. The judgments, however, were sustained by
a majority of the court as general claims against the Carnegie
Trust Company. Justice Scott, dissenting, held that no trust had
been created and that the plaintiff’s remedies must be sought at
law. Presiding Justice Ingraham, dissenting, held that the facts
disclosed no liability whatsoever against the trust company. Ap­
peals were taken by both sides to the Court of Appeals, which
affirmed the decisions o f the Appellate Division, making these
claims general claims instead o f preferential claims, thus saving
for the liquidation over $100,000.
Another important action passed upon was that brought in 1912
by Jacques Lebaudy, who claimed to be entitled to $1,857,500 as
a general creditor, and $392,682.50 as a preferred creditor. The
action was tried last year before Supreme Court Justice Shearn
who disallowed the general claim and gave judgment for Lebaudy
as an ordinary or general creditor in the sum of $337,974.59.
Lebaudy appealed and further brought on a motion to set aside the
judgment, alleging the action had been tried contrary to his
express directions. H e failed in this attempt and must now
prosecute his appeal.
Various other litigations were disposed of, so that on December
31, 1915, the amounts o f rejected claims aggregated $635,374, of
which $589,000 was claimed as preferential as against $2,663,594




S u p e r in t e n d e n t o f B a n k s

29

of rejected claims on December 31, 1914, of which $767,616 were
claimed as preferential. It will thus be seen that during the year
the rejected claims were reduced to $2,028,220.
The net amount o f allowed claims due general creditors ap­
pearing on the books of the company on December 31, 1915, were
$3,944,415. From January 7, 1911, when the institution was
closed, to December 31, 1915, less offsets, the gross amount of
general claims allowed totaled $6,573,780.
Unproved and unallowed claims appearing on the books o f the
oompany on December 31, 1915, amounted to $328,105. Included
in this amount is the Lebaudy claim for $319,925, which has been
allowed by the Supreme Court o f this State as a general claim.
However, as stated before, this matter is still pending in the courts.
The trial o f the action brought by the Superintendent o f Banks
to enforce the liability o f the stockholders has been delayed by
the interposing of demurrers and numerous appeals, but it is
expected that the action will be brought to trial the early part of
1916. F or like reason, the litigation in Tennessee is retarded.
Note actions involving a substantial amount, as well as stock­
holders’ suits, are pending in that State.
During the year several important sales were consummated, in­
cluding the sale for $100,000 in cash o f the trust company’s in­
terest in the Savannah, Augusta & Northern Railway Company,
which road is located in Georgia.
Taking as a basis the assets of the Carnegie Trust Company on
January 7, 1911, the date on which the Superintendent o f Banks
took possession, the percentage cost o f liquidation to December
31, 1915, is 3.503.
B in g h a m t o n T rust C o m p a n y

A n assessment o f 100 per cent, made by the Superintendent of
Banks against the stockholders of this company has resulted in the
collection to date of $101,855.70. A n action to recover the balance
upon the capital stock o f $300,000 has been tried and submitted
to the Supreme Court and it is expected that judgment against the
stockholders will soon be secured.
The action instituted by W illiam F. Gregory, as trustee in
bankruptcy o f Knapp Bros., bankrupts, resulted in a judgment
against the trust company o f $219,258.39. This judgment was




30

A n n u a l R eport oe t h e

entered on May 25, 1914. A n appeal was talien to the Appellate
Division o f the Supreme Court, Third Department, and the judg­
ment was affirmed unanimously by that court. An effort is now
being made to bring this case before the Court of Appeals. Until
this suit is finally adjudicated the payment of further dividends
to creditors must be postponed. Persistent efforts to find a market
for the coal mine owned by this liquidation, located at Belspring,
Va., consisting o f approximately four thousand acres, have been
without avail.
The Binghamton Trust Company was closed on A pril 9, 1909,
and has paid to creditors three dividends aggregating 70 per cent.
The percentage cost o f this liquidation, covering collection of
assets and payment o f dividends to the close of the year 1915,
is 3.54.
L a f a y e t t e T rust C o m p a n y

During the past year, the Court o f Appeals decided in favor
o f the Lafayette Trust Company certain litigation which hereto­
fore prevented bringing to trial the action against the stockholders
to recover $500,000 upon their stock liability. Such action was
also further delayed through the necessity of bringing in the repre­
sentatives of various deceased defendants. However, the case is
now on the calendar o f the court and it is hoped to be reached for
trial within a short time.
Dividends aggregating 55 per cent, have been paid to its cred­
itors. Inasmuch as the greater part of the assets of this company
consists o f real estate, or rights therein, and in view of the impos­
sibility o f disposing o f them except at a sacrifice under present
real estate market conditions, it was impossible to declare an
additional dividend during the past year.
The Superintendent o f Banks took possession of this institution
on November 30, 1908, and the percentage cost of liquidation up
to the close o f the past year is 5.88.
W ash in g to n S avings B a n k

Notwithstanding the fact that there is a very narrow market
for the class o f real properties held by this institution, two sales
have been made recently which, when titles are closed, will permit
the payment o f an additional dividend to the creditors.
The action brought in behalf of the Northern Bank o f New




S u p e r in t e n d e n t o p B a n k s

31

York, in liquidation, for the recovery o f mortgages held by the
Washington Savings Bank, with an approximate face value of
$69,923, has not been finally adjudicated. The decision o f the
Supreme Court in this matter was in favor of the savings bank but
an appeal was taken and it is intended to push with all possible
speed the final disposition of this case.
The Washington iSavings Bunk was taken ofer by this Depart­
ment on December 29, 1910. Three dividends aggregating 61 per
cent, have thus far been paid.
This institution has been liquidated up to the close of the past
year at a percentage cost of liquidation o f 4.17.
S ta te S avin g s B a n k of t h e C i t y of N e w Y ork

As a result of the closing o f certain real estate sales during the
past year, a fifth dividend o f 10 per cent, was paid to the creditors
under date o f June 17, 1915, making a total of 54 per cent, de­
clared since the institution was closed on December 1, 1911.
Every effort is being made to dispose o f the remaining real prop­
erties in order that further payments may be made. W hile the
real estate market during the past year was very dull, it is hoped
that during the ensuing twelve months opportunities to dispose of
the remaining properties may be presented and final liquidation
of the institution brought about.
N e w Y ork M ortgage C o m p a n y

On October 28th last the bondholders o f this company received
a second dividend o f 21 per cent., making a total o f 33 per cent,
paid to such bondholders, while the unsecured claimholders re­
ceived during the year a 7 per cent, dividend.
Practically all the investments o f this company consisted mainly
of vacant lots in Bergen county, New Jersey. Nearly all the
mortgages have been foreclosed and the titles to the real estate
obtained. A considerable number o f sales have already been made
and it is expected that during 1916 practically all the assets will
be disposed o f so as to permit the payment of further dividends.
The New York Mortgage Company was closed on June 29,
1912. Its business was interwoven with that of the Industrial
Savings and Loan Company and the Columbia Beal Estate Com­
pany, both o f which companies went into liquidation at the same
time as the New York Mortgage Company.




32

A n n u al R epoet op th e
T o tal D ividends P aid

The following table shows the names o f closed institutions and
private bankers, date o f suspension, number o f dividends paid,
when payments were made to creditors and per cent, o f dividends
p a id :
Dividends paid
N am e op

I n s t it u t io n

Date of
suspension
Per
cent

Date

Lafayette Trust Company...................................

Nov. 30, 1908

Harbor and Suburban Building and Savings
Association........................................................ Mar. 13, 1909
Binghamton Trust Company.............................. April 9, 1909

Borough Bank of Brooklyn.................................
European-American Bank...................................

April 7, 1910
Aug. 6, 1910

Bank of Wayne....................................................

Nov. 9, 1910

Washington Savings Bank..................................

Dec. 28, 1910

Knickerbocker Savings and Loan Company----

May 20, 1911

1
2
3
4
5

May 1, 1909
Oct. 1, 1909
May 1, 1910
July 15, 1911
Aug. 11, 1913

1

Sept. 20,
Sept. 1,
Feb. 1,
Sept. 1,
Oct. 2,
Dec. 21,
Feb. 15,
June 3,
April 1,
July 15,
Mar. 19,
May 15,
Dec. 26,
Oct. 22,
Oct. 27,
Dec. 1,
Oct. 19,

1910
1909
1910
1910
1911
1910
1912
1913
1911
1911
1913
1911
1912
1914
1911
1911
1914

9.36
50

May
Oct.
June
Aug.
Mar.
Feb.

1912
1913
1912
1913
1912
1913

18
25
42.63
7.37
80
9

1
2
3
1
1
2
3
1
2
3
1
2
3
1
2
3

10

20
10
10

5

10
10
10

60
15
6
50
25
15
50
8
3
25
15
8

Newmark-Dwinsker Co-operative Savings and
July 13, 1911
Afro-American Investment and Building Company................................................................... July 13, 1911
Carnegie Safe Deposit Company........................

Sept. 23, 1911

Sea Cliff Bank......................................................

Nov. 23, 1911

1
2
1
2
1

2
Greenpoint Polish Co-operative Savings and
Loan Association.............................................. Sept. 2, 1911

Woodhaven Bank.................................................
Empire Savings and Loan Association...............
State Savings Bank..............................................




Jan. 30, 1912
Feb. 16, 1912
Oct. 29, 1912
July 29, 1912
Dec. 1,1911

1
2
3
1

1

2
1
1

2
3
4
5

13,
7,
12,
11,
14,
10,

April 4, 1912
May 9, 1912
Feb. 20,1914
May 5, 1913
April 7, 1913
Dec. 30, 1913
Oct. 22, 1914
Mar. 30, 1912
July 30, 1912
Oct. 5, 1912
Oct. 27, 1914
June 17,1915

20
12

28
*
75
10
10

15
15
10

4
10

S u p e r in te n d e n t op B a n k s

33

T o tal D ividends P aid — Concluded *

Dividends paid
N am e op

Date of
suspension

I n s t it u t io n

Per
cent

Date

1
2
3
1
2
3

April 17,
Nov. 24,
Nov. 15,
May 26,
Oct. 31,
Oct. 29,

1911
1911
1915
1911
1912
1915

50
10
5
25
10
5

June 29, 1912

1
2
3
1
2

1913
1914
1915
1913
1914
1915
1915

15
10
10

June 29, 1912

Dec.
Oct.
Dec.
Dec.
Oct.
Oct.
Oct.

Northern Bank of New Y ork.............................

Dec. 27, 1910

Carnegie Trust Company....................................

Jan.

Industrial Savings and Loan Company.............

New York Mortgage Company..........................

7, 1911

13,
26,
10,
13,
30,
28,
28,

12
21
7

tioo

Jan. 15, 1912

P rivate B an ker s
Max Kobre’s Bank, New York Branch.............

Aug. 4, 1914

Max Kobre’s Bank, Brooklyn Branch...............

Aug. 4, 1914

Adolf Mandel.......................................................
Deutsch Bros........................................................

Aug. 3, 1914
July 31, 1914

L.W. Schwenk, successor to A. Grochowski and
Company.......................................................... July 23, 1914

Abraham L. Kass.................................................

*

Nov. 23, 1914
Feb. 13, 1915
Nov. 30, 1914

1
2
1
2
1
1
2

Dec.
Mar.
Dec.
Nov.
Feb.
Mar.
Dec.

21,
21,
21,
29,
9,
1,
23,

1914
1915
1914
1915
1915
1915
1915

10
10
10
15
10
20
15

1
2

Dec. 16, 1914
Oct. 26, 1915

15
5

1

April 29, 1915

15

General creditors paid in full,

t And interest.
t Since the close of the year a 50 per cent dividend was ordered paid to the creditors of the Bank
of Cape Vincent.




34

A n n u a l R eport of t h e
D iv id e n d s D e c l a r e d D u r in g t h e Y e a r

Dividends to creditors o f failed State institutions and private
bankers in liquidation, totaling nearly $2,000,000 were declared
during the year.
In addition, dividends aggregating over
$290,000, declared in the latter part of December, 1914, were
disbursed in 1915; while since the close of the year an initial
dividend of 50 per cent., or approximately $34,000, was ordered
paid to the creditors o f the Bank o f Cape Vincent.
The following table shows in detail the declaration of these
dividends:
State Savings Bank, declared June 17, 1915, 10 per cent.......................
Estate cf L. W. Schwenk, declared October 26, 1915, 5 per cent..........
Estate of Deutsch Bros., declared December 23, 1915, 15 per cent. .. .
Kobre, New York, declared March 22, 1915, 10 per cent.......................
Industrial Savings and Loan Company, declared December 10, 1915,
10 per cent.....................................................................................................
New York Mortgage Company, declared October 28, 1915, 21 per cent.
New York Mortgage Company, declared October 28, 1915, 7 per cent..
Northern Bank, declared November 15, 1915, 5 per cent.......................
Carnegie Trust Company, declared October 29, 1915, 5 per cent........
Carnegie Trust Company, supplemental second dividend.....................
Carnegie Trust Company, supplemental first dividend...........................
Carnegie Trust Company, preferred claims, first dividend.....................
Estate of A. Mandel, declared February 8, 1915, 10 per cent...............
Estate of A. L. Kass, declared May 3, 1915, 15 per cent.......................
Kobre, Brownsville, declared November 9, 1915, 15 per cent...............

$18,687 90
33,750 23
30,487 40
242,097 05
*239,475 36
1101,876 28
}850 90
286,916 47
328,692 57
34,521 03
86,302 11
4,500 00
184,297 07
170,945 77
163,487 30

Total............................................................................................................ $1,926,887 44
Estate of L. W. Schwenk, dividend declared on December 16, 1914,
paid during February or March, 1915, 15 per cent................................
Estate of Deutsch Brothers, dividend declared on December 21, 1914,
paid about March 1, 1915, 20 per cent...................................................
Kobre, New York, dividend declared on December 21, 1914, paid
during year 1915, 10 per cent....................................................................
Kobre, Brownsville, dividend declared on December 15, 1914, paid
during year 1915, 10 per cent....................................................................
Total........................................................................................................

* Indicates amount paid to shareholders.
t Indicates amount paid to bondholders and on outstanding check*
t Indicates amount paid to general creditors.




$101,250 69
40,693 23
111,502 56
36,571 70
$290,018 18*

35

S u p e r in t e n d e n t of B a n k s

The following institutions have been dissolved or completed
and final dividends p a id :
Dividends paid
N ame

of

Date of
suspension

I n s t it u t io n

Per
cent

Date

Union Dime Permanent Loan Association........

April 1,1909

1
2
3
4

Sept. 1,
Dec. 21,
Jan. 7,
Mar. 31,

1910
1910
1913
1914

50
15
10
9

Completed March 31, 1914
Nineteenth Ward Co-operative Savings and
Loan Association.............................................. | July 15,1909
Completed September 30, 1910

1 | Sept. 30, 1910

62.69

Williamsburgh Co-operative Savings and Loan
Association........................................................ Aug. 19, 1909
Dissolved February 9, 1914

1 I Feb.

36.55

Birkbeck Investment, Savings and Loan Com­
pany of America...............................................| Deo. 27, 1912
Dissolved July 29, 1914

1 | July 29, 1914 | 100

Popular Banking, Savings and Loan Associa­
tion .................................................................... | Mar. 29, 1912
Dissolved October 20, 1914

1 | Oct. 20, 1914 I

9, 1914

286.2

C o n c l u s io n

The detailed facts and figures set forth in the foregoing report
indicate that, notwithstanding the large increase in the banking
system of the State, there has gone hand in hand with that in­
crease in resources and liabilities a corresponding margin of safety,
not only in the actual capital and surplus, but in the spirit o f co­
operation which has existed between this department and the
bankers.
The heads of the financial institutions, large and small, have
continued their public spirited efforts in strengthening not only
their own institutions, but in assisting the department and other
members o f the banking community to bring about a situation
which makes for safety and stability to depositors and stock­
holders alike.
Respectfully submitted,
E U G E N E LA M B R IC H A R D S




Superintendent o f Banks







APPENDIX
[ 37]




DETAILED STATEMENT
OF THE

Condition of the Savings Banks
AND

INSTITUTIONS FOR SAVINGS IN THIS STATE
ON THE

First Day of January, 1916, as Compiled from Their Reports
to the Superintendent of Banks

[THE BANKS ARE ARRANGED ALPHABETICALLY BY COUNTIES]




[39]

ALBANY COUNTY

1.

A L B A N Y C IT Y S A V IN G S IN S T IT U T IO N , A L B A N Y

[100 State s tr e e t; incorporated 1850]
JOHN E. W ALKER, President.
W ILLIA M S. HACKETT, Treasurer.
GEORGE H. THACHER, Vice-President. FRANK H. W ILLIAM S, Asst. Treasurer.
JAM ES W. COX, Vice-President.

TRUSTEES
JOHN E. W ALKER,
JAM ES W. COX,
GEORGE H. THACHER,
A L B E R T HESSBERG,
JONAS H. BROOKS,
EDW ARD J. GALLIEN,

P. N. BOUTON,
W ILLIA M S. DYER,
JOHN A. DELEHAN TY,
CHARLES H. SABIN,
C. L. A. W H ITN EY.
W ILLIA M S. H ACKETT,

F R E D ’ K W. KELLEY,
W ILLIA M T. M AYER,
FRAN K C. H ERRICK,
E. PALM ER G A V IT,
WM. J. NELLIS,
HORACE S. BELL.

FINANCIAL
RESOURCES

Bonds and mortgages................................................................................ $7,078,778 11
Stock and bond investments, viz.:
Par
value
State o f C olorado...................
$43,800 00
429,000 00
Cities in other States............
Cities in this State............
555,600 00
Counties in this State.........
87,000 00
Towns in this State..............
197,900 00
391,439 92
Villages in this State............
School districts in this State
229,300 00
Railroad mortgage bonds___ 2,225,000 00
S to c k s and

bon ds

$4,158,539 92

Banking
actual
Cash on
Cash on
Total of
Amount

Original
Estimated
cost
market value
$37,783 58
$33,341 00
450,800 91
433,785 00
579,452 30
556,812 10
91,417 07
88,800 00
204,932 50
202,769 27
399,781 46
399,240 43
237,819 37
235,994 68
2,471,881 55
2,261,445 00
$4,473,868 74

$4,212,187 48

.....■ ■
■
--------------------------- ■ --------------house and lot, book value, $105,000; cost, $155,000;
cash value..................................................................................
deposit in banks or trust companies.................................
hand...............................................................................................
collectible interest................................. ...................................
of all other assets, viz.: Accrued rents.........................

4,212,1 87 48
105,000
345,291
65,579
120,854
2,177

00
59
46
05
50

$11,929,868 19
L IA B IL IT IE S

Amount due depositors, viz.:
Principal ..................................................................................$11,192,532 78
Dividends credited or to be credited fo r the six
months ending with December 31, 1915..,.................
215,069 84

------------------ 11,407,602 62
Surplus on market value.........................................................................
522,265 57
$11,929,868 19
Surplus on par value, $468,618.01.
CASH TRANSACTIONS DURING THE YEA R 1915
RECEIPTS

Cash on hand and in banks or trust companies January 1, 1915,
before transactions of the day..........................................................
From depositors, not including dividends credited......................
From interest on loans, deposits andinvestments......................
From rents from banking house..........................................................




[40]

$661,155
2,5 5 5 ,6 0 3
553,837
13,103

99
50
09
20

A l b a n y C o u n ty
From
From
From
From

41

mortgages .......................................................................................
redemption of stocks and bonds...............................................
stocks and bonds sold (total par value, $114,000.00)..
all other sources, viz.: Profit on bonds sold......................

$272,056
55,899
111,854
1,168

46
61
40
65

$4 ,224,678 90
PAYM ENTS

To depositors, including dividends paid to them........................ .. $2 ,781,782 92
823,000 00
For loans on bonds and mortgages.....................................................
For stocks and bonds purchased, including premiums, commis­
sions, etc. (total par value, $172,000)........................................
168,576 25
For interest (other than dividend payments to depositors) . . .
2,210 69
For current expenses of the bank, v iz.:
F or salaries ...........................................................................
F or t a x e s :
Banking house, $3,638.35; surplus,
$2,518.48; onmortgages, $445.25 .......................................
For expenses, except taxes, o f banking house :
Repairs ..............................................................................
In s u r a n c e ..........................................................................
O t h e r ..................................................................................
For other expenses, not including expenses o f other
real estate nor other expenses o f banking house..

$16,120 00
6,602 08
2,107 32
380 21
5,141 39
7,881 99

Other payments, viz.: Cash short ...................................................
Cash on hand and in banks or trust companies December 31,
1915, after transactions of the day...............................................

38,232 99
5 00
410,871 05
$4 ,224,678 90

STATISTICAL INFORMATION
14,379
Number of open accounts January 1, 1 9 1 6 ............................ ..
2,390
Number of accounts opened or reopened during the year...........
2,198
Number of accounts closed during the year........... ......................
Amount deposited during the year, not including dividends
credited for that period..................................................................... $2,555,603 50
2,781,782 92
Amount withdrawn during the year...................................................
Amount of dividends credited and paid for the year, viz.:
July 1, 1915 .............................................................................
January 1, 1916 ......................................................................

$212,504 30
215,069 84

Average amount of each account January 1, 1916.........................
Rate per cent, of dividends to depositors during the six months
ending June 30, 1915...........................................................................
Rate per cent, of dividends to depositors during the six months
ending December 31, 1915...................................................................
Total earnings of the bank for the year 1915, after allowing
for amortization of premiums and discounts............................
Total expenses of the bank for the year 1915.................................
Dividends paid to depositors for the year 1915.............................
Net earnings for the year 1915 over expenses and dividends
paid to depositors..................................................................................




427.574 14
778 32
4
4
$555,320 93
38,237 99
427.574 14
89,508 80

42

R epoet on S avings B a n k s
2.

ALBANY

C O U N T Y S A V IN G S B A N K , A L B A N Y

[88 State street; incorporated 1874]
SETH W HEELER, President.
WM. N. S. SANDERS, Treasurer.
P. C. CURTIS, Vice-President.
C. E. BYRON, Assistant Treasurer.
WM. P. RUDD, Vice-President.
HENRY H. KOHN, Secretary.

TRUSTEES
W ILLIA M P. RUDD,
GEO. H. RUSSELL,
FRED ERIC C. CURTIS,
SETH W HEELER,
WM. N. S. SANDERS,
JOHN R. CARNELL,

W ILLIA M SMITH,
JOHN W. EMERY,
JAM ES B. LYON,
HENRY R. W RIGH T,
MALCOLM S. FEAREY,
WM. L. VISSCHER,
JAM ES M ILW A IN .

WM. A. W H EELER,
CHAS. R. SUTHERLAND,
GEORGE A. W H ITE
N. B. VANDERZEE,
RICH ARD STEPHENS,
HENRY H. KOHN,

FINANCIAL
RESOURCES

Bonds and mortgages......................
Stock and bond investments, viz.:

$6 ,272,763 74

Par
value
State o f M assachusetts......... $250,000 00
207,000 00
Cities in other States............
Cities in this State............... 1,134,000 00
Counties in this State..........
155,000 00
Villages in this State............
11,000 00
School districts in this State
600 00
794,000 00
Railroad mortgage bonds___
S to c k s and bon ds

$2,551,600 00

Original
Estimated
cost
market value
$260,417 50
$232,300 00
209,396 30
197,720 00
1,181,291 87
1,106,975 00
154,150 00
155,758 82
11,000 00
10,230 00
600 00
600 00
879,148 37
737,450 00
$2,697,612 86

$2,439,425 00

..
■ > .............
'
'
Banking house and lot, book value, $225,000; cost, $225,000;
actual cash value..................................................................................

2,4 39,4 25 00

Cash on deposit in banks or trust companies.............................

463,006 79

Cash on hand.............................................................................................
Total of collectible interest...................................................................
Amount of all other assets, viz.: Short cash...............................

15,105 15
143,985 68
24 00

225,000 00

$9 ,559 ,31 0 36
L IA B IL IT IE S

Amount due depositors, viz.:
Other liabilities, viz.:

Principal..........................................

Dividends accrued on deposits to January 1, 1916___
Expenses incurred, but u n p a id :
A d v e r tisin g .......................................................................
Gas and electricity ......................................................
Sundry expenses ............................................................

$8 ,905,842 61

$86,594 72
482 54
48 20
8 95

-----------------Surplus on market value.......................................................................

Surplus on par value, $678,508.34.

87,134 41
566,333 34
$9 ,559 ,31 0 36
— ...........—= ' "

CASH TRANSACTIONS DURING THE YEAR 1915
RECEIPTS
Cash on hand and in banks or trust companies January 1, 1915,
before transactions of the day..........................................................
From depositors, not including dividends credited......................
From interest on loans, deposits and investments.........................
From rents from banking house..........................................................
From m ortgages.........................................................................................
From redemption of stocks and bonds...............................................
From stocks and bonds sold (total par value, $5 2 ,0 0 0 )..............




$284,538
2,6 03,4 79
424,195
4,679
437,159
20,800
48,183

52
81
05
23
37
00
45

A l b a n y C o u n ty

43

From all other sources, viz.:
Insurance remiums advanced
Search advance.........................

$98 38

6 00

-------- -

$104 38
$3 ,823 ,13 9 81

PAYM ENTS

To depositors, including dividends paid to them...........................
$2 ,238,659
For loans on bonds and mortgages.....................................................
1,001,750
For stocks and bonds purchased, including premiums, commis­
sions, etc. (total par value, $ 7 9,00 0)..........................................
68,877
For interest (other than dividend payments to depositors) . . .
684
For current expenses of the bank, viz.:
For salaries ...............................................................
For taxes : Banking house, $2,984.57 ; surplus, $4,802.93
For expenses, except taxes, o f banking h o u se :
R e p a ir s ...................
In s u ra n ce ..........................................................................
Other ..................................................................................
For other expenses, not including expenses o f other
real estate nor other expenses o f banking h ou se..

55
00
50
13

$16,241 66
7,787 50
515 37
16 08
2,968 17
7,459 53

34,988 31
Other payments, viz.:
Insurance premiums advanced..........................................
Cash short .............................................................................

$48 38
20 00

68 38
Cash on hand and in banks or trust companies December 31,
1915, after transactions of the d a y .. .............................................

478,111 94
$3,823,139 81

STATISTICAL INFORMATION
Number of open accounts January 1, 1916......................................
12,497
Number of accounts opened or reopened during the year...........
2,894
Number of accounts closed during the year....................................
1,885
Amount deposited during the year, not including dividends
credited for that period....................................................................... $2 ,603,479 81
Amount withdrawn during the year.................................................
2,238,659 55
Amount of dividends credited and paid for the year, viz.:
April 1, 1915 ...........................................................................
October 1, 1915 . . ....................................................................

$162,017 12
167,682 37

Average amount of each account January 1, 1916.........................
Rate per cent, of dividends to depositors during the six months
ending April 1, 1915..............................................................................
Rate per cent, of dividends to depositors during the six months
ending October 1, 1915.........................................................................
Total earnings of the bank for the year 1915, after allowing
for amortization of premiums and discounts.............................
Total expenses of the bank for the year 1915.................... .............
Dividends paid to depositors for the year 1915.............................
Net earnings for the year 1915 over expenses and dividends
paid to depositors..................................................................................




3i29,600 49
713 95
4
4
$433,310 76
34,812 60
329,699 49
68,798 67

R eport on S avin gs B a n k s

44
3.

A L B A N Y E X C H A N G E S A V IN G S B A N K , A L B A N Y

[450 B ro a d w a y ; incorporated 1856.]
M ARTIN T. NACHTMANN, President.
JOSEPH GUARDENIER, Treasurer.
ALDEN CHESTER, Vice-President.
LEM UEL B. W ILM A R TH , Asst. Treas.

TRUSTEES
JOHN J. GALLOGLY,
M A TTH E W J. W ALLACE,
JACOB S. FRIEDMAN,
D. C. SLINGERLAND,
ALDEN CHESTER,
CH ARLES H. TURNER,

JOHN A. BECKER,
THOM AS E. FINEGAN,
M. T. NACHTMANN,
W. S. VAN DERZEE,
LESTE R H. HELMES,
F R E D ’ K W. CAMERON,

A R TH U R T. PALM ER,
JAM ES H. MEAD,
JOSEPH GUARDENIER,
W ALTE R S. M cEW AN ,
HUGH A. ARNOLD,
GEORGE B. RUSSELL,

FINANCIAL
RESOURCES

Bonds and mortgages.............................................
Slock and bond investments, viz.:
S to c k s and

bonds

Cities in other States..........
Cities in this State............
Counties in this State.........
Towns in this S tate............
Villages in this State..........
School districts in this State
Railroad mortgage bonds___

Par
value
$154,000 00
252,272 50
7,000 00
6,175 00
149,748 59
53,740 00
524,000 00
$1,146,936 09

Banking
actual
Cash on
Cash on
Total of

$2,179,257 50

Original
Estimated
cost
market value
$165,120 18
$156,170 00
267,906 31
255,450 78
7,091 00
6,860 00
6,292 00
6,460 41
145,274 10
152,948 08
57,023 50
56,207 60
494,170 00
576,571 28
$1,233,120 76

$1,120,424 48

-------— - - --------- =
-■
-house and lot, book value, $44,148.78; cost, $44,148.78;
cash value................................................. ...................................
deposit in banks or trust companies.................................
hand................................................................................................
collectible interest.....................................................................

1 ,1 2 0 ,4 2 4 48
44,148
137,785
4,933
48,228

78
15
31
52

$3,534,777 74
L IA B IL IT IE S

Amount due depositors, viz.: Principal..........................................
Other liabilities, viz.:
Dividends accrued on deposits to January 1, 1916___
Expenses incurred, but unpaid :
Taxes on Banking H ouse........................................
T ax on P ar Surplus accrued estim ated...................
Elevator rent accrued....................................................

$3 ,269,102 39

$31,358 86
1,182 66
1,000 00
75 00

-----------------Surplus on market value..........................................................................

33,616 52
232,058 83
$3 ,534 ,77 7 74
--------

Surplus on par value, $258,570.44.

CASH TRANSACTIONS DURING THE YEA R 1915
RECEIPTS

Cash on hand and in banks or trust companies January 1,
1915, before transactions of the day.............................................
From depositors, not including dividendscredited.......................
From interest on loans, deposits and investments........................
From rents from banking h o u se .........................................................
From m ortgages.........................................................................................
From redemption of stocks and b o n d s...'........................................
From all other sources, viz.:
Cash over ................................................................................
Insurance premium advanced-refunded.........................
Fire insurance settlem ent fo r damages by fire to
furniture ...............................................................................




$163,980
922,551
161,760
1,287
112,280
33,831

19
07
07
40
00
55

$1 69
13 50
19 00

-------------------------------------- 3419
$1,395,724 47

A l b a n y C o u n ty

45

PAYM ENTS

To depositors, including dividends paid to them......................
For loans on bonds and mortgages.....................................................
For stocks and bonds purchased, including premiums, com­
missions, etc. (total par value, $49,675.00).................................
For interest (other than dividend payments to depositors) . . .
For current expenses of the bank, viz.:
For salaries ...........................................................................
For taxes : Banking house, $1,047.62 ; surplus, $1,872.44 ;
on mortgages, $394............................................................
F or expenses, except taxes, o f banking h o u se :
Repairs . . ; ......................... ....... *.........................*........
Insurance . . .. ................................................................
Other .................................................................................
For other expenses, not including expenses o f other
real estate nor other expenses o f banking house..

$970,789 10
214,280 00
48,873 51
677 03

$9,180 00
3,314 06
205 74
129 64
2,253 88
3,288 14

18,371 46
Other payments, viz.:
Cash short .............................................................................
Insurance premium advanced .........................................

$1 41
13 50

14 91
Cash on hand and in banks or trust companies December 31,
1915, after transactions of the day.................................................

142,718 46
$1,395 ,72 4 47

STATISTICAL INFORMATION
Number of open accounts January 1, 1916........................................
Number of accounts opened or reopened during the year...........
Number of accounts closed during the year......................................
Amount deposited during the year, not including dividends
credited for that period.......................................................................
Amount withdrawn during the year...................................................
Amount of dividends credited and paid for the year, viz.:
A pril 1, 1915 ...........................................................................
October 1, 1915.........................................................................

$992,551 07
970,789 10

$62,488 59
62,299 76

Average amount of each account January 1, 1916......................
Rate per cent, of dividends to depositors during the six months
ending March 31, 1915.........................................................................
Rate per cent, of dividends to depositors during the six months
ending September 30, 1915................................................................
Total earnings of the bank for the year 1915, after allowing
for amortization of premiums and discounts.............................
Total expenses of the bank for the year 1915.................................
Dividends paid to depositors for the year 1915.............................
Net earnings for the year 1915 over expenses and dividends
paid to depositors..................................................................................




6,058 00
1,033 00
842 00

124.788 35
539 63
4
4
$163,037 85
18,606 50
124.788 35
19,643 00

46

R eport on S avin gs B a n k s
4.

A L B A N Y S A V IN G S B A N K , A L B A N Y

[20 North Pearl stre e t; incorporated 1820]
MARCUS T. HUN, President.
HENRY D. ROGERS, Treasurer.
LEDYARD COGSWELL, Vice-Pres.
ED W AR D J. TOOLE, Asst. Treasurer.
THOS. I. VAN A N TW ERP, Vice-Pres.
F R ED ER IC K TOWNSEND, Secretary.
JOHN T. PE RR Y, Assistant Secretary. '

TRUSTEES
MARCUS T. HUN,
GRANGE SARD,
LE DYARD COGSWELL.
CLARENCE RATHBONE,
E DW ARD BOW DITCH,
EDW ARD M. MCKINNEY,

BENJAM IN W. ARNOLD,
F R E D ’K TOWNSEND,
JAM ES F. TRACY,
E. N. HUYCK,
G E R R IT Y. LANSING,

WM. V. R. ERVING,
T. I. VAN AN TW ERP.
HENRY M. SAGE,
LU TH ER H. TUCKER,
ROBERT C. PRUYN,
OSCAR L. HASCY.

FINANCIAL
RESOURCES

Bonds and mortgages..............................................
Stock and bond investments, viz.:
Par
value
State o f M assa ch u setts.........
$50,000 00
Cities in other States.......... 2,080,000 00
Cities in this State............... 2,213,658 40
Counties in this State............
992,204 43
Villages in this S tate............
25,000 00
School districts in this State
16,200 00
Railroad mortgage bonds .. 8,089,500 00
S to c k s and bon ds

$ 13,

$21,516,648 00

Original
Estimated
cost
market value
$55,169 00
$46,000 00
2,268,825 73
2,036,110 00
2,148,959 96
2,361,158 76
977,242 39
1,054,840 97
27.100 00
24,850 00
17.100 00
16,129 00
8,576,520 04
7,201,215 00

466,562 89 $ 14, 360,714 50 $ 12, 450,506 35

—
—
- ~■ ■ —
— = 12,450,506 35
Banking house and lot, book value, $225,000; cost, $395,939.30;
actual cash value..................................................................................
225,000 00
Other real estate, book value, $492,185.42; cost, $494,740.93;
actual cash value..................................................................................
433,000 00

Cash on deposit in banks or trust companies............. .............

2,621,933 01

Cash on hand .............................................................................................
Total of collectible interest...................... ............................................
Amount of all other assets, viz.: Rent accrued.............................

84,930 41
290,689 12
630 00
$37,623,336 89

L IA B IL IT IE S

Amount due depositors, v iz.:
Principal ................................................................................. $34,752,717 24
Dividends credited or to be credited fo r the six
months ending with December 31, 1915........................
671,442 65

— -------------- $35,424,159 89
Surplus on market value.........................................................................
2,199,177 00
$37,623,336 89
Surplus on par value, $3,215,233.54,
CASH TRANSACTIONS DURING THE YEA R 1915
RECEIPTS

Cash on hand and in banks or trust companies January 1,
1915, before transactions of the day............................................ $2,471,494 64
From depositors, not including dividends credited....................
6,849,991 56
From interest on loans, deposits and investments......................
1,672,287 13
From rents from other real estate.....................................................
20,125 51
From mortgages .......................................................................................
1,424,707 00
From redemption of stocks and bonds........................
520,852 82
From stocks and bonds sold (total par value, $ 1 0,00 0)...........
10,073 90
From real estate sold ..............................................................................
150,000 00




A l b a n y C o u n ty

47

From all other sources, viz.:
A ppraisal fees refunded ...................................................
Insurance premiums, taxes and other expenses.........
Cash over ................................................................. .............
Sale o f old m aterial..............................................................

$25
9,274
10
1

00
87
00
00

------------------

$9,310 87
$13,128,843 43

PAYM ENTS

To depositors, including dividends paid to them......................... $7,061,584 23
2 ,5 0 6 ,2 0 0 00
For loans on bonds and mortgages...................................................
For stocks and bonds purchased, including premiums, com­
missions, etc. (total par value, $200,400)...............................
203,079 91
For interest (other than dividend ipayments to depositors)..
603 23
For current expenses of the bank, viz.:
F or salaries ...........................................................................
F or ta x e s : Banking house, $6,588.95 ; surplus,
$17,501.74 ................................................................................
F or expenses, except taxes, o f banking house :
R e p a ir s ..............................................................................
O t h e r ............
F or expenses o f other real estate, v i z .:
Repairs .............................................................................
Insurance .........................................................................
Taxes .................................................................................
Other .................................................................................
For other expenses, not including expenses o f other
real estate nor other expenses o f banking hou se...

$45,736 73
24,090 69
1,725 98
4,588 44
3,615
961
4,438
3,869

25
33
24
76

14,416 70

103,443 12
For real estate acquired by foreclosure, or in settlement of
debts due the bank................................................................................
Other payments, viz.:
Cash short .............................................................................
Dividends paid depositors but not credited.................
Taxes and other expenses advanced................................
Payment o f old d ra ft...........................................................

$55
3
9,256
7

537,747 83

00
06
60
03

-------------Cash on hand and in banks or trust companies December 31,
1915, after transactions of the day...............................................

9,321 69
2,706,8 63 42
$13,128,843 43

STATISTICAL INFORMATION
52,538
Number of open accounts January 1, 1916......................................
Number of accounts opened or reopened during the year.........
7,445
Number of accounts closed during the year..................................
6,557
Amount deposited during the year, not including dividends
credited for that period..................................................................... $6,849,991 56
Amount withdrawn during the year................................................. 7,061,5 84 23
Amount of dividends credited and paid for the year, viz.:
July 1, 1915 ...........................................................................
January 1, 1916 .-................................................................
Paid but not credited..........................................................

$661,264 45
671,442 65
3 06

1,332,7 10 16
Average amount of each account January 1, 1916....................
674 25
Rate per cent, of dividends to depositors during the six
months ending June 30, 1915..........................................................
4
Rate per cent, of dividends to depositors during the six
months ending December 31, 1915.................................................
4
Total earnings of the bank for the year 1915, after allowing
for amortization of premiums and discounts............................. $1,657,463 63
Total expenses of the bank for the year 1915...............................
112,764 81
Dividends paid to depositors for the year 1915.............................
1,332,707 10
Net earnings for the year 1915 over expenses and dividends
211,991 72
paid to depositors................................................................................




48

R eport on S avings B a n k s
5.

COHOES S A V IN G S

IN S T IT U T IO N ,

COHOES

[65 Remsen stre e t; incorporated 1851]
GEORGE H. MCDOWELL, President.
JAMES A B LE T T , Vice-President.
GEO. R. W ILSDON, Vice-President.
CHARLES R. FORD, Treasurer.

TRUSTEES
HENRY A. STRONG,
GEO. H. MCDOWELL,
JAMES W. A B LE TT,
GEORGE R. W ILSDON.
GEORGE A. H ARPER,
JOHN W. KLIN E,

JAM ES A IT K E N ,
JOHN LAUGHLIN,
M E R R IT T D. HANSON,
W IL L IA M D. BOSW ELL,
CH ARLES R. FORD,
IS A IA H FELLOW S,

JOHN F. SCOTT,
JAMES S. CALKINS,
JOHN F. M cG ARRAH AN ,
CHARLES L. M ITC H ELL,
W ILLIA M J. E L LIO TT,
NAPOLEON FAVREAU.

FINANCIAL
RESOURCES

Bonds and mortgages................................................................................ $1,659,486 00
Stock and bond investments, viz.:
S to c k s an d bon ds

State o f New Y ork..............
State o f C alifornia..............
Cities in other States.........
Cities in this State..............
Counties in this State..........
Towns in this State...............
Villages in this State...............
Railroad mortgage b o n d s ....

Par
value
$50,000 00
20,000 00
499,000 00
663,466 42
40,000 00
20,000 00
133,63500
545,000 00

$1,971,101 42

Original
Estimated
cost
market value
$53,181 25
$54,20000
19,181 40
19,20000
524,517 29
500,17000
671,028 57
651,85916
44,955 25
39,85000
20,121 00
19,48000
141,460 82
130,84719
545,749 75
472,30000
$2,020,195 33

$1,887,906 35

- ■
=—
----------- '
Banking house and lot, book value, $25,000; cost, $55,770.49;
actual cash value ..................................................................... . . . . .
Cash on deposit in banks or trust companies...............................
Cash on hand .............................................................................................
Total of collectible interest...................................................................
Amount of all other assets, viz.: New York State barge canal
judgm ent...................................................................................... I ..........

1,887,906 35
25,000 00
113,171 30
7,782 81

33,221 92
4,956 76
$3,731,525 14

L IA B IL IT IE S

Amount due depositors, viz.:
P rincipal ................................................................................. $3,386,980 89
Dividends credited or to be credited fo r the six
months ending with December 31, 1915......................
65,301 94

------------------ $3,452,282 83
Surplus on market value .......................................................................
279,242 31
$3 ,731,525 14
Surplus on par value, $362,437.38.
CASH TRANSACTIONS DURING THE YEA R 1915
RECEIPTS

Cash on hand and in banks or trust companies January 1,
1915, before transactions of the day.............................................
From depositors, not including dividends credited......................
From interest on loans,
deposits andinvestm ents................
From rents from other real estate....................................................
From m ortgages.........................................................................................
From redemption of stocks and bonds............................................
From stocks and bonds
sold(totalpar value$82,500').............
From real estate sold..............................................................................
From all other sources, viz.: Attorneys fees returned..................




$165,287
676,424
167,846
144
119,132
55,977
83,047
8,905
24

14
89
65
33
00
00
57
22
80

$1,276,789 60

A l b a n y C o u n ty

49

PAYM EN TS

To depositors, including dividends paid to them........................
For loans on bonds and mortgages.....................................................
For stocks and bonds purchased, including premiums, com­
missions, etc. (total par value, $195,000).................................
For interest (other than dividend payments to depositors) . . .
For current expenses of the bank, viz.:
For salaries ..........................................................................
For
ta x e s :
Banking
house,
$159.62;
surplus,
$2,241.89 ..................................................................................
F or expenses, except taxes, o f banking h o u se :
Repairs ..............................................................................
Insurance .........................................................................
Other . . .•
.........................................................................
F or expenses o f other real estate, v i z .:
Insurance ..........................................................................
Taxes .................................................................................
F or other expenses, not including expenses o f other
real estate nor other expenses o f hanking h o u se ...

$746,142 05
187,325 00
198,195 72
2,128 39

$7,150 00
2,401 51
806 32
95 59
333 92
65 41
51 59
2,523 08

13,427 42
For real estate acquired by foreclosure, or in settlement of
debts due the bank ..............................................................................
Other payments, v iz.: N. Y. State barge canal judgment...........
Cash on hand and in banks or trust companies December 31,
1915, after transactions of the day.................... ............................

3,6 60 15
4,956 76
120,954 11
$1,276,789 60

STATISTICAL INFORMATION
Number of open accounts January 1, 1916......................................
Number of accounts opened or reopened during the year.........
Number of accounts closed during the year................................. ..
Amount deposited during the year, not including dividends
credited for that period............................................ •........... : . . ..
Amount withdrawn during the year.................................................
Amount of dividends credited and paid for the year, viz.:
July 1, 1915 .............................................................................
January 1, 1916 ....................................................................

$64,614 53
65,301 94

Average amount of each account January 1, 1916.........................
Rate per cent, of dividends to depositors during the six
months ending June 30, 1915............................................................
Rate per cent, of dividends to depositors during the six
months ending December 31, 1915...................................................
Total earnings of the bank for the year 1915, after allowing
for amortization of premiums and discounts.............................
Total expenses of the bank for the year 1915...............................
Dividends paid to depositors for the year 1915...........................
Net earnings for the year 1915 over expenses and dividends
paid to depositors ................................................................................




7,851
1,178
1,045
$676,424 89
746,142 05

129.916 47
439 72
4
4
$164,295 07
13,427 42
129.916 47
20,951 18

50

R eport on S avin gs B a n k s
6.

H O M E S A V I N G S B A N K OF T H E C I T Y OF A L B A N Y , A L B A N Y

[13 North Pearl stre e t; incorporated 1871]
D AVID A. THOMPSON, President.
WM. F. HOURIGAN, Treasurer.
SAMUEL L. MUNSON, Vice-President.
ARTH U R H. GEER, Asst. Treasurer.
HOW ARD N. FU LLER, Vice-President. J. EDW ARD POOLE, Secretary.

TRUSTEES
THOM AS AUSTIN,
D A V ID A. THOMPSON,
'SAMUE L. MUNSON,
HENRY RUSSELL,
W ILLIA M SAYLES,

M. W. TEBBU TT.
SAMUEL C. WOOSTER,
W IL L IA M MCDONALD,
HOW ARD N. FULLER,
THOM AS R. W ARD. J r .,
H ILD R E TH J. ACKROYD.

J. ED W AR D POOLE,
W. W. BATCH ELDER,
GEO. W. VAN SLYKE,
SILAS SPORBORG,
WM. F. HOURIGAN,

FINANCIAL
RESOURCES

Bonds and mortgages................................................................................
Stock and bond investments, viz.:
Par
value
$20,200 00
39,304 00
30,000 00
25,000 00
35,000 00
584,333 38
338,090 60
11,000 00
136,665 24
413,012 03
503,760 23
961,000 00

S to c k s and bon ds

State o f Colorado ...............
State o f Tennessee ...............
State of New M exico..........
State o f Oklahoma ............
State o f California ............
Cities in other States.........
Cities in this State...............
Counties in this S tate........
Towns in this State............
Villages in this State........
School districts in this State
Railroad mortgage bonds ..

$3,097,365 48

$6,324,814 43

Original
Estimated
cost
market value
$15,554 00
$20,200 00
40,232 81
40,283 12
30,700 00
30,482 40
24,937 50
25,250 00
34,133 50
33,950 00
609,763 56
592,343 52
355,737 25
340,065 40
10,863 44
10,940 00
141,055 00
138,880 22
426,132 98
416,773 19
520,839 68
514,367 80
970,016 26
871, 695 00
$3,184,394 38

$3,030,802 25

------ ■ —
—
-------------- -Banking bouse and lot, book value, $100,000; cost, $100,987.57;
actual cash value ................................................................................
Cash on depositinbanksor trust companies.....................................
Cash on hand............................................................................................
Total of collectible interest......................................................................
Amount of all other assets, viz.:
A ccrued rents ........................................................................
Insurance premiums advanced..........................................

3 ,0 30,8 02 25
100,000
468,728
6,757
86,812

00
56
92
89

$1,024 99
54 00

-------------------------------------- 1,078 99
$10,018,995 04
L IA B IL IT IE S

Amount due depositors, viz.:
Principal ................................................................................. $9,272,352 37
Dividends credited or to be credited fo r the six
months ending with December 31, 1915......................
176,868 56

------------------ $9,449,220 93
Other liabilities, viz.:
Dividends accrued on deposits to January 1, 1916 —
Expenses incurred, but u n p a id :
E lectric light .....................................................................
Gas ........................................................................................
E lectric power fo r elevator ........................................
Advertising ...................................................................

$402 34
29
9
25
120

70
80
00
06

Surplus on market value.................................................

586 90
569,187 21
$10,018,995 04

Surplus on par value, $514,254.68.
CASH TRANSACTIONS DURING THE YE A R 1915
R E C E IPTS

Cash on hand and in banks or trust companies January 1,
1915, before transactions of the day...............................................
From depositors,not including dividends credited........................
From interest on loans, depositsandinvestments.........................
From rents from banking house........................................................
From mortgages
........................................................




$447,492
2 ,1 15,6 83
479,050
7,093
456,617

35
10
89
32
00

A l b a n y C o u n ty

51

From redemption of stocks and bonds..................
From real estate sold.................................................
From all other sources, viz.:
Appraisal expenses refunded .................................
Sale o f old paper and brass....................................
Recovery on checks.....................................................
Taxes and insurance premiums refunded.............
Rebate on insurance on Glens Falls real estate.

$223,586 91
3,000 00
$1,105
9
380
49
14

62
55
00
34
10

------------

1,558 61
$3,733,882 18

PAYM ENTS

To depositors, including dividends paid to them........................... $2,316 ,34 4
For loans on bonds and mortgages.....................................................
615,991
For stocks and bonds purchased, including premiums, com­
missions, etc. (total par value, $282,200)....................................
279,198
For interest (other than dividend payments to depositors) .
3,778
For current expenses of the bank, viz.:
For salaries .........................................................................
Assessment for new sidewalks on No. Pearl St.,
Albany, N. Y.......................................................................
F or ta x e s : Banking house, $2,400.36 ; surplus,
$4,498.43 ; on mortgages, $213.50......................................
F or expenses, except taxes, o f banking h o u s e :
Repairs ..............................................................................
Insurance .........................................................................
Other .................................................................................
For expenses o f other real estate, v i z .:
Taxes ................................................................................
Other ...............................................................................
F or other expenses, not including expenses o f other
real estate nor other expenses o f banking h o u se ...

70
68
53
25

$17,845 00
177 23
7,112 29
797 34
244 75
3,732 63
58 29
55 57
7,757 74

37,780 84
For real estate acquired by foreclosure, or in settlement of
debts due the bank................................................................................
Other payments, viz.:
E rror in reckoning interest on deposits.......................
Costs, referee’s fees on foreclosure................................
Insurance premiums on mortgaged prop erty..............
Addressograph and equipm ent............................................
Steel boxes and shelves fo r storage vau lts...................

$3 27
127 85
71 50
235 33
228 00

Cash on hand and in banks or trust companies December 31,
1915, after transactions of the day...............................................

4,635 75

665 95
475,486 48
$3,733,882 18

STATISTICAL INFORMATION
Number of open accounts January 1, 1916......................................
13,406
Number of accounts opened or reopened during the year. . . .
2,214
Number of accounts closed during the year......................................
1,813
Amount deposited during the year, not including dividends
credited for that period....................................................................... $2,115,683 10
Amount withdrawn during the year.................................................
2,3 1 6 ,3 4 4 70
Amount of dividends credited and paid for the year, viz.:
July 1, 1915 ...........................................................................
January 1, 1916 ...................................................................
Credited at other periods.................................................

$174,162 77
176,868 56
1,719 58

Average amount of each account January 1, 1916............. ..........
Rate per cent, of dividends to depositors during the six months
ending June 30, 1915............................................................................
Rate per cent, of dividends to depositors during the six months
ending December 31, 1915...................................................................
Total earnings of the bank for the year 1915, after allowing
for amortization of premiums and discounts.............................
Total expenses of the bank for the year 1915...............................
Dividends paid to depositors for the year 1915.............................
Net earnings for the year 1915 over expenses and dividends
paid to depositors................................................................................




352.750 91
704 85
4
4
$481,612 56
37,964 59
352.750 91
90,897 06

R eport on S avings B a n k s

52
7.

M E C H A N IC S & F A R M E R S S A V IN G S B A N K , A L B A N Y

[63 State street ; incorporated 1855]
DUDLEY OLCOTT, President.
ROBERT OLCOTT, Treasurer.
CHARLES NEWMAN, Vice-President.
IRA F. JAGGER, Assistant Treasurer.
CLARENCE W. STEVENS, Secretary.

TRUSTEES
DUDLEY OLCOTT,
CHARLES NEWMAN,
D AN IEL LEONARD,
ROBERT OLCOTT,

JAMES M cCREDIE,
NATHAN HATCH,
PA RK ER CORNING,
W IL L A R D M. DOUGLAS,
ISAAC D. F. LANSING,

A . PAGE SMITH,
CHARLES H. DOUGLAS,
JOHN T. NORTON,
W ALTE R L. PALM ER.

FINANCIAL
RESOURCES

$809,682 21

Bonds and mortgages...............................................
Stock and bond investments, viz.:
S to c k s and bon ds

State o f
State o f
Cities in
Cities in
Counties
Railroad

New Y ork..........
Massachusetts .
other States___
this State........
in this S ta te...
mortgage bonds

Par
value
$25,000 00
25.000 00
502,000 00
527,717 37
15.000 00
646,500 00
$1,741,217 37

Estimated
Original
market value
cost
$25,095 40
$25,500 00
22,250 00
25,375 00
532,272 25
491,500 00
495,880 20
548,970 57
14,810 00
15,000 00
592,105 00
711,540 50
$1,858,253 72

$1,642,045 20

1,642,0 45 20
199,881 08
30,359 67

Cash on deposit in banks or trust companies
Total of collectible interest...............................

$2,681,968 16
L IA B IL IT IE S

Amount due depositors, viz.: Principal.......................................... $2,273 ,25 8 16
Other liabilities, viz.: Dividends accrued on deposits to Janu­
ary 1, 1916, estimated.........................................................................
20,757 00
Surplus on market value.......................................................................
387,953 00
$2 ,681,968 16
Surplus on par value, $487,125.17.
CASH TRANSACTIONS DURING THE YEA R 1915
RECEIPTS

Cash on hand and in banks or trust companies January 1,
1915, before transactions of the day...............................................
From depositors, not including dividends credited......................
From interest on loans, deposits and investments........................
From mortgages .......................................................................................
From redemption of stocks and bonds...............................................

$207,601
435,042
112,893
40,262
21,000

34
30
54
35
00

$816,799 53
PAYM ENTS

To depositors, including dividends paid to them...........................
For loans on bonds and mortgages.....................................................
For current expenses of the bank, viz.:
For salaries ..........................................................................
For ta x es: surplus, $3,481.03 .............................................
For rent o f banking room s...............................................
F or other expenses, not including expenses o f other
real estate nor other expenses o f banking hou se..

$3,850 00
3,481 03
3,000 00
664 44

-----------------Cash on hand and in banks or trust companies December 31,

1915, after transactions of the day........................................




$522,316 44
83,606 54

10,995 47

199,881 08
$816,799 53

A l b a n y C o u n ty

53

STATISTICAL INFORMATION
Number of open accounts January 1, 1916........................................
Number of accounts opened or reopened during the year.........
Number of accounts closed during the year....................................
Amount deposited during the year, not including dividends
credited for that period.....................................................................
Amount withdrawn during the year.................................................
Amount of dividends credited and paid for the year, viz.:
A pril 1, 1915 .........................................................................
October 1, 1915 ........................................................................

$435,042 30
522,316 44

$42,890 26
42,788 77

Average amount of each account January 1, 1916.........................
Rate per cent, of dividends to depositors during the six months
ending June 30, 1915............................................................................
Rate per cent, of dividends to depositors during the six months
ending December 31, 1915.................................................................
Total earnings of the bank for the year 1915, after allowing
for amortization of premiums and discounts...........................
Total expenses of the bank for the year 1915.................................
Dividends paid to depositors for the year 1915.............................
Net earnings for the year 1915 over expenses and dividends
paid to depositors..................................................................................




4,119
461
524

85.679 03
551 89
3y2 & 4

31/2 & 4
$109,788 59
10,995 47
85.679 03
13,114 09

R eport on S ayin g s B a n k s

54
8.

M E C H A N IC S ’ S A V IN G B A N K , COHOES

[89-91 Reinsen s tre e t; incorporated 1873]
RODNEY W ILCOX, President.
JAM ES S. CLUTE, Treasurer.
HUGH GRAHAM, Vice-President.
G. W. HUM PHREYS, Secretary.
GEORGE OLIVER, Vice-President.

TRUSTEES
RODNEY W ILCOX,
C. J. GRIFFIN ,
FRAN K TESSIER,
EDW ARD FOLEY,
JAM ES S. CLUTE,
Jo h n e . Ma c l e a n ,

G. W. HUM PHREYS,
WM. B. LE ROY,
HUGH GRAHAM,
* GEORGE OLIVER,
2: W IL L IA M E. THORN,
$ AN DREW SCOTLAND,

RIC H A R D BOLTON,
JOHN F. REAVY,
JAY GILB E RT,
THOS. H. SPRAGUE,
HENRY L. SHAVER,
S. T. PAGE.

FIN AN CIAL
RESOURCES

Bonds and mortgages........................
Stock and bond investments, viz.:
S to c k s and io n d s

Cities in other States.........
Cities in this State.............
Towns in this S tate.............
Villages in this State..........
School districts in this State
R ailroad mortgage bonds ..

$1 ,003,265 00

Par
value
$59,500
128,340
14,780
87,200
10,000
304,000

00
00
00
00
00
00

$603,820 00

Original
Estimated
market value
cost
$63,968 75
$60,715 00
131,344 48
127,369 10
14,645 90
• 14,517 80
90,632 57
88,489 00
11,284 00
10,430 00
292,796 00
252,650 00
$604,671 70

$554,170 90

554,170 90
Other real estate, book value, $12,900; cost, $13,738.57; actual
cash value ................................................................................................
Cash on deposit in banks or trust companies.................................
Cash on hand................................................................................................
Total of collectible interest.....................................................................
Amount of all other assets, viz.: New York State barge canal
judgments ................................................................................................

12,900
91,226
18,262
29,055

00
18
59
16

5,678 97
$1 ,714,558 $0

L IA B IL IT IE S

Amount due depositors, viz.:
Principal ................................................................................. $1,572,818 97
Dividends credited or to be credited fo r the six
months ending with December 31, 1915......................
30,072 40

------------------ $1,602,891 37
111,667 43
Surplus on market value.........................................................................
$1 ,714,558 80
Surplus on par value, $161,316.53.
CASH TRANSACTIONS DURING THE YEA R 1915
RECEIPTS

Cash on hand and in banks or trust companies January 1,
1915, before transactions of the day...............................................
From depositors, not including dividends credited.........................
From interest on loans, deposits andinvestments...........................
From rents from other real estate......................................................
From mortgages .......................................................................................
From redemption of stocks and bonds...............................................
From stocks and bonds sold (totalpar value,$3 6,50 0)..............
From real estate sold...............................................................................




$117,412
366,091
76,849
678
43,115
7,3 80
33,921
1,800

90
65
76
85
00
00
76
00

$647,249 92

A l b a n y C o u n ty

55

PAYM EN TS

To depositors, including dividends paid to them.............................
For loans on bonds and mortgages.....................................................
For stocks and bonds purchased, including premiums, commis­
sions, etc. (total par value, $ 4 3,24 9)............................................
For interest (other than dividend payments to depositors) . . . .
For current expenses of the bank, viz.:
For
F or
For
F or

salaries .......................................................................... *
taxes: Surplus, $683.38 ; on
mortgages,$59.
rent o f banking room s...............................................
expenses o f other real estate, viz. :
Repairs ..............................................................................
Insurance .........................................................................
Taxes .................................................................................
For other expenses, not including expenses o f other
real estate nor other expenses o f banking house..

$360,868 55
109,400 00
41,134 38
569 92

$3,950 00
92238
1,200 00
88 37
24 15
42 52
1,631 91

For real estate acquired by foreclosure, or in settlement of
debts due the bank................................................................................
Other payments, viz.: New York State barge canal judgments
purchased ..................................................................................................
Cash on hand and in banks or trust companies December 31,
1915, after transactions of the day.................................................

7,859 33
12,250 00
5,678 97
109,488 77
$647,249 92

STATISTICAL INFORMATION
Number of open accounts January 1, 1916......................................
Number of accounts opened or reopened during the year...........
Number of accounts closed during the year......................................
Amount deposited during the year, not including dividends
credited for that period.......................................................................
Amount withdrawn during the year...................................................
Amount of dividends credited and paid for the year, viz.:
July 1, 1915 ...........................................................................
January 1, 1916 .....................................................................

$366,091 65
360,868 55

$29,552 48
30,072 40

Average amount of each account January 1, 1916.........................
Rate per cent, of dividends to depositors during the six months
ending June 30, 1915............................................................................
Rate per cent, of dividends to depositors during the six months
ending December 31, 1915...................................................................
Total earnings of the bank for the year 1915, after allowing
for amortization of premiums and discounts.............................
Total expenses of the bank for the year 1915.................................
Dividends paid to depositors for the year 1915.............................
Net earnings for the year 1915 over expenses and dividends
paid to depositors..................................................................................




3,052
548
450

59.624 88
525 19
4
4
$77,798 67
7,859 33
59.624 88
10,314 46

R eport on S avin gs B a n k s

56
9.

T H E N A T I O N A L S A V I N G S B A N K OF T H E C I T Y O F A L B A N Y , A L B A N Y

[70-72 State street; incorporated 1868]
JAM ES H. MANNING, President.
FRED ERIC B. STEVENS, Treasurer.
CHARLES GIBSON, Vice-President.
RAYMOND E. CROUNSE, Asst. Treas.
EDW ARD J. HUSSEY, Vice-President.

TRUSTEES
JAM ES II. MANNING,
JONAS M UHLFELDER,
CHAS. J. BUCHANAN,
H ARRY C. CUSHMAN,
W. M. W OODWARD,
CHARLES GIBSON,

EDW ARD J. HUSSEY,
JAM ES F. MAAS.
FR AN K SHERMAN,
SYDNEY T. JONES,
JAM ES C. FARR E LL,

THOMAS A. HORTON,
CHARLES I. OLIVER,
EDW IN L. DRAPER,
FR ED ERIC B. STEVENS,
EDGAR M. HAINES,
CHARLES M. STUART.

FINANCIAL
RESOURCES

Bonds and mortgages................................................................................ $8,576,867 G
O
Stock and bond investments, viz.:
Par
value
State o f New Y ork...................
$50,000 00
181,000 00
State o f Louisiana ..............
Cities in other States.........
641,250 00
Cities in this State.............. 1, 070,450 00
116,000 00
Counties in this State.........
134,300 00
Towns in this S tate............
Villages in this State..........
570,200 00
School districts in this State
86,025 00
Railroad mortgage bonds .. 1,294,000 00
S to c k s and

bonds

$4,143,225 00

Original
Estimated
market value
cost
$53,562 50
$56,000 00
179,239 75
191,800 00
667,713 19
650,953 75
1,106,818 68
1,100,896 25
119,361 10
117,800 00
138,353 22
136,085 50
584,619 48
579,252 75
87,455 70
86,485 37
1,281,284 43
1,211,815 00
$4,218,408 05

$4,131,088 62

4,1 31,0 88 62
Banking house and lot, book value, $145,000; cost, $151,386.46; actual cash value........................ .........................................
Other real estate, book value, $16,488.68; cost, $16,738.68;

145,000 00

actual cash value.......................................................................
Cash on
Cash on
Total of
Amount

16,488
992,576
31,432
151,200

deposit in banks or trust companies..................................
hand .............................................................................................
collectible interest.....................................................................
of all other assets, viz.:

Suspense account, income tax w ithheld......................
New York State barge canal judgm ents......................

68
07
04
54

$80 77
5,050 13

5,130 90
$14,049,783 85
L IA B IL IT IE S

Amount due depositors, viz.:

’■

Principal ................................................................................. $12,992,453 40
Dividends credited or to be credited for the six
months ending with December 31, 1915......................
251,962 04

------------------ $13,244,415 44
Other liabilities, viz.: Suspense account, income ta x ..................
80 77
Surplus on market value .......................................................................
805,287 64

Surplus on par value, $817,424.02.

$14,049,783 85
1 ■
~
--

CASH TRANSACTIONS DURING THE YEA R 1915
RECEIPTS

Cash on hand and in banks or trust companies January 1,
1915, before transactions of the day...............................................
From depositors, not including dividends credited......................
From interest on loans, deposits and investments......................
From rents from other real estate........................................................
From mortgages , ......................................................................................
From redemption of stocks and bonds.............................................
From stocks and bonds sold (total par value, $532,125) . . . . . . .
From real estate sold................................................................................




$999,694
2,9 6 8 ,7 9 9
646,353
400
1,012,832
140,446
531 084
21,454

72
27
71
00
50
22
60
27

A l b a n y C o u n ty

57

From all other sources, viz.:
Sundry credits .....................................................................
Cash over ..............................................................................
Profit on bonds sold...........................................................
Difference between book and par value o f bonds paid
Profit on sale o f real estate.............................................
Rebate on insurance prem ium ..........................................

$48 40
25
53
42
73
70

20,404
3
45
23

$20,526 03
$6,341,591 32
PAYM ENTS

To depositors, including dividends paid to them........................... $3 ,162 ,75 3
1 ,2 27,6 40
For loans on bonds and mortgages.....................................................
For stocks and bonds purchased, including premiums, com­
missions, etc. (total par value, $831,275)..................................
849,646
For interest (other than dividend payments to depositors) ..
6,348
For current expenses of the bank, viz.:
For salaries ..........................................................................
For
ta x e s : Banking
bouse,
$2,817.94 surplus,
$6,300.81; on mortgages, $79.50.......................................
F or expenses, except taxes, o f banking house :
Repairs . . .......................................................................
Insurance .........................................................................
O t h e r ..................................................................................
For expenses o f other real estate, v i z .:
Repairs ..............................................................................
Insurance .........................................................................
Taxes ................................................................................
Other ..................................................................................
For other expens.es, not including expenses o f other
real estate nor other expenses o f banking house..

62
00
32
06

$22,711 60
9,198 25
1,404 90
20 62
941 24
442 87
33 75
326 54
12 50
9,535 70

44,627 97
For real estate acquired by foreclosure, or in settlement of
debts due the bank..............................................................................
Other payments, viz.:
Sundry charges ...................................................................
Cash short ...........................................................................
New York State barge canal judgm ents purchased..

21,454 27

$57 84
5 00
5,050 13

5,112 97
Cash on hand and in banks or trust companies December 31,
1915, after transactions of the day.................................................

1,024,008 11
$6,341,591 32

STATISTICAL INFORMATION
Number of open accounts January 1, 1916......................................
17,663
3,166
Number of accounts opened or reopened during the year.........
Number of accounts closed during the year.....................................
3,080
Amount deposited during the year, not including dividends
credited for that period..................................................................... $2 ,968 ,79 9 27
Amount withdrawn during the year...................................................
3,162,7 53 62
Amount of dividends credited and paid for the year, viz.:
July 1, 1915 ...........................................................................
January 1, 1916 .....................................................................

$248,451 96
251,962 04

Average amount of each account January 1, 1916....................
Rate per cent, of dividends to depositors during the six
months ending June 30, 1915............................................................
Rate per cent, of dividends to depositors during the six
months ending December 31, 1915...................................................
Total earnings of the bank for the year 1915, after allowing
for amortization of premiums and discounts.............................
Total expenses of the bank for the year 1915.................................
Dividends paid to depositors for the year 1915.........................
Net earnings for the year 1915 over expenses and dividends
paid to depositors ................................................................................




500.414 00
749 66
4
4

$631,046 04
44,627 97
500.414 00
86,004 07

BRONX COUNTY
10.

THE

B R O N X S A V IN G S B A N K , N E W

YORK

C IT Y

[429 Trem ont avenue; incorporated 1906]
W ILLIA M B. AITKEN, President.
W ILLIA M E. STEVENS, Treasurer.
JOHN F. HOLMES, Vice-President.
WM. J. CUNNINGHAM, Asst. Treas.
CHAS. H. SCHUMANN, Vice-President. F. B. A LLIN , Secretary.
L. W ETM ORE, Vice-President.
T. A. TASSO FISCH ER, Comptroller.

TRUSTEES
W IL L IA M B. A ITK E N ,
F. BREVOORT ALLIN ,
CLIFTON B. BULL,
WM. I. BROWN,
NELSON F. GRIFFIN ,

JOHN F. HOLMES,
CHAS, F. SCHUMANN,
W ILLIA M E. STEVENS,
A L B E R T E. COLFAX,
JOHN S. SUTPHEN,
J. OSTRAM TAYLOR.

LIVINGSTON W ETM ORE,
T. TASSO FISCH ER,
W A L T E R S. W ILSON,
THOS. A. NOSWORTHY,
WM. L. DENNIS,

FINANCIAL
RESOURCES

Bonds and mortgages..........................................
Stock and bond investments, viz.:
Par
value
$53,000 00
108,000 00
10,000 00
180,000 00

S to c k s and bon d s

Cities in other States.........
Cities in this State............
Villages in this State........
Railroad mortgage bonds ..

$351,000 00

$848,631 42

Estimated
Original
market value
cost
$53,670 00
$54,687 75
106,560 00
108,338 86
10,000 00
10,519 81
169,545 00
183,726 84
$355,273 26

$339,775 00

339,775 00
Other real estate, book value, $12,400; cost, $13,057.98;
actual cash value ..................................................................................
Cash on deposit in banks or trust companies...............................
Cash on hand .............................................................................................
Total of collectible interest.....................................................................
Amount of all other assets, viz.: Vaults and fixtures.............

12,400
103,016
18,306
12,429
1,400

00
41
19
45
00

$1,335,958 47
L IA B IL IT IE S

Amount due depositors, viz.:
Principal .................................................................................$1,295,889 24
Dividends credited or to be credited fo r the six
months ending with December 31, 1915....................
19,133 80

------------------ $1,315,023 04
Surplus on market value.........................................................................
20,935 43
$1,335,958 47
Surplus on par value, $32,160.43.
CASH TRANSACTIONS DURING THE YEAR 1915
RECEIPTS

Cash on hand and in banks or trust companies January 1,
1915, before transactions of the day...............................................
From depositors, not including dividends credited......................
From interest on loans, deposits and investments.........................
From mortgages .........................................................
From redemption of stocks and bonds...............................................
From stocks and bonds sold (total par value, $ 3 9,00 0)...........
From real estate sold...............




[58]

$99,515
743,026
59,806
6,143
1,500
39,286
6,000

58
32
13
58
00
75
00

59

B r o n x C o u n ty
From all other sources, viz.:
Appraisal fees received .......................................................
Insurance rebates ......................................................................
Cash over ......................................................................................
Other rebates
..........................................................................

$80 00
7630
6300
3896

$258 26
$955,536 62
PAYM ENTS

To depositors, including dividends paid to them....................
For loans on bonds and mortgages.....................................................
For stocks and bonds purchased, including premiums, com­
missions, etc. (total par value, $53,000)....................................
For interest (other than dividend payments to depositors) . . . .
For current expenses of the bank, viz.:
F or salaries .........................................................................
For expenses, except taxes, o f banking h o u se :
Other ....................................................................................
F or rent o f banking room s............................................
F or other expenses, not including expenses o f other
real estate nor other expenses o f banking house..

$639,532 50
125,050 00
54,560 50
580 55

$7,462 49
151 45
2,558 33
4,211 89

14,384 16
Other payments, viz.:
Cash short .............................................................................
T o current error in dividends............................................
Cash over adjusted..............................................................

$41 00
40 31
25 00

106 31
Cash on hand and in banks or trust companies December 31,
1915, after transactions of the day.................................................

121,322 60
$955,536 62

STATISTICAL INFORMATION
Number of open accounts January 1, 1916........................................
Number of accounts opened or reopened during the year.........
Number of accounts closed during the year....................................

6,501
2,080
1,341

Amount deposited during the year, not including dividends
credited for that period.......................................................................
Amount withdrawn during the year.................................................
Amount of dividends credited and paid for the year, viz.:
July 1, 1915 .............................................................................
January 1, 1916 ....................................................................

$18,278 75
19,133 80

Average amount of each account January 1, 1916........................
Rate per cent, of dividends to depositors during the six months
ending June 30, 1915...........................................................................
Rate per cent, of dividends to depositors during the six months
ending December 31, 1915...................................................................
Total earnings of the bank for the year 1915, after allowing
for amortization of premiums and discounts.............................
Total expenses of the bank for the year 1915...............................
Dividends paid to depositors for the year 1915...............................
Net earnings for the year 1915 over expenses and dividends
paid to depositors..................................................................................




$743,026 32
639,532 50

37,412 55
202 30

3V
2
3%
$60,181 47
14,940 47
37,412 55
7,828 45

60

R eport on S avin gs B a n k s
11.

D O LLA R S A V IN G S B A N K , N E W Y O R K C IT Y

[2808 Third av en u e; incorporated 1890]
GEORGE E. EDW ARDS, President.
W ILLIA M M. KERN, Treasurer.
BRIAN G. HUGHES, Vice-President.
H ARRY F. REGAL, Secretary.

TRUSTEES
GEORGE E. EDW ARDS,
BRIAN G. HUGHES,
W ILLIA M M. KERN,
JAMES M. LA COSTE,
BE R N AR D FRENCH.
J. H A R R IS JONES,

JOHN S. HANSON,
GEO. M. M ACK ELLAR,
CHARLES P. FABER,
CHARLES W. BOGART,
JAM ES S. BRYANT,

W IL L IA M S. BECKLEY,
HOW ELL T. MANSON.
FR ED A. W URZBACH,
SAM UEL TRIM M ER,
JAMES L. W ELLS,
JOSEPH B. HARE.

FIN AN CIAL
RESOURCES

Bonds and mortgages.....................
Stock and bond investments, viz.:
S to c k s and

bon ds

Cities in other States.........
Cities in this State..............
Counties in this State.......
Railroad m ortgage b o n d s...

$8 ,047 ,70 0 00

Par
value
$310,000 00
829,000 00
104,000 00
2,735,000 00
$3,978,000 00

Original
Estimated
cost
market value
$315,999 20
$314,000 00
868,386 13
849,420 00
106,909 32
106,080 00
2,909,472 80
2,762,210 00
$4,200,767 45

$4,031,710 00

--------------- - —
—
---- '
Other real estate, book value, $25,793.28; cost, $25,793.28;
actual cash value..................................................................................
Cash on deposit in banksor trust companies..................................
Cash on hand................................................................................................
Total of collectible interest....................................................................
Amount of all other assets, viz.: New York State barge canal
judgments ................................................................................................

4 ,0 3 1 ,7 1 0 00
25,793
1,003,042
113,036
75,724

28
94
80
16

10,000 00
$13,307,007 18

L IA B IL IT IE S

Amount due depositors, viz.:
P rincipal ................................................................................. $12,233,592 25
Dividends credited or to be credited for the six
months ending with December 31, 1915......................
191,845 88

------------------ $12,425,438 13
Surplus on market value.........................................................................
881,569 05

Surplus on par value, $827,859.05.

$13,307,007 18
=

CASH TRANSACTIONS DURING THE YEA R 1915
R E C E IPTS

Cash on hand and in banks or trust companies January 1,
1915, before transactions of the day...............................................
From depositors, not including dividends credited.........................
From interest on loans, deposits and investments.........................
From rents from other real estate........................................................
From mortgages .........................................................................................
From redemption of stocks and bonds...............................................
From stocks and bonds sold (total par value, $246,000)...........
From real estate sold................................................................................
From all other sources, viz.:
Adjustm ent and reimbursement o f insurance prem­
iums on other real estate.............................................
From auxiliary banks and fo r furnishing tax b ills..
Security deposited to secure repairs to building—




$963,788
4,5 7 9 ,8 5 5
627,561
517
219,500
870,000
263,508
97,075

54
70
11
00
00
00
46
00

$772 06
519 37
1,000 00

-------------------------------------- 2,291 43
$7 ,624,097 24

B r o n x C o u n ty

61

PAYM ENTS

To depositors, including dividends paid to them...........................; $4 ,355 ,40 4 34
For loans on bonds and mortgages........................................................
455,000 00
For stocks and bonds purchased, including premiums, commis­
sions, etc. (total par value, $1,401,000)........................................
1,4 77,9 78 63
For interest (other than dividend payments to depositors) . . . .
20,415 11
For current expenses of the bank, viz.:
For
For
F or
For

s a la r ie s ............................................................................
taxes : Surplus
........................................................
rent o f banking room s.................................................
expenses of other real estate, v i z .:
Repairs ..............................................................................
In s u r a n c e ..........................................................................
T a x e s ..................................................................................
O t h e r ..................................................................................
For other expenses, not including expenses o f other
real estate nor other expenses o f banking house..

$39,100 76
6,386 97
6,544 10
163
531
749
704

79
15
86
39

4,838 51

59,019 53
For real estate acquired by foreclosure, or in settlement of
debts due the bank................................................................................
Other payments, viz.:
Release o f security held to secure repairs to building
New York State barge canal judgm ents purchased..

129,199 89

$1,000 00
10,000 00

11,000 00
Cash on hand and in banks or trust companies December 31,
1915, after transactions of the day.................................................

1,116,079 74
$7 ,624,097 24

STATISTICAL INFORMATION
Number of open accounts January 1, 1916...................................
44,287
Number of accounts opened or reopened during the year.........
12,385
10,923
Number of accounts closed during the year....................................
Amount deposited during the year, not including dividends
credited for that period..................................................................... > $4 ,579,855 70
Amount withdrawn during the year...................................................
4,3 5 5 ,4 0 4 34
Amount of dividends credited and paid for the year, viz.:
July 1, 1915...............................................................................
January 1, 1916......................................................................

$187,083 58
191,845 88

Average amount of each account January 1, 1916.........................
Rate per cent, of dividends to depositors during the six months
ending June 30, 1915............. ..............................................................
Rate per cent, of dividends to depositors during the six months
ending December 31, 1915...................................................................
Total earnings of the bank for the year 1915, after allowing
for amortization of premiums and discounts.............................
Total expenses of the bank for the year 1915...............................
Dividends paid to depositors for the year 1915.............................
Net earnings for the year 1915 over expenses and dividends
paid to depositors..................................................................................




378.929 46
280 57

sy2
3y2
$587,109 70
59,019 53
378.929 46
149,160 71

62

R eport on S avin gs B a n k s
12.

NORTH

S ID E

S A V IN G S B A N K , N E W

YORK

C IT Y

[3230 Third avenue ; Incorporated 1905]
JOHN G. BORGSTEDE. President.
GEORGE N. REIN H A R D T, Treasurer.
THEODORE J. CHARBOT, Vice-Pres.
A RTH U R A. E KIRCH , Secretary.
F R E D H. WEiFER, Vice-President.

TRUSTEES
JOHN G. BORGSTEDE,
T. J. CHABOT,
T. JOSEPH DUNN,
HENRY HAHNENFELD,
JOHN C. HEINTZ,

THOM AS J. HIGGINS,
RICHARD W. LAWRENCE
CHAS. F. MINOR,
GEO. N. REIN H ARDT,
JOHN RIEGELM AN.

CONSTANTIN WAGNER,
FRED. II. W EFER,
GEORGE WOHN,
JOSEPH M ILLE R ,
C H RISTIAN R IEGER, JR.

FIN AN CIAL
RESOURCES

$881,600 00

Bonds and mortgages..............................................................................
Stock and bond investments, viz.:
S to c k s and bon ds

State o f C alifornia.................
State o f Idaho.........................
State o f New M exico.............
Cities in other States..........
Cities in this State...............
Counties in this State..........
Towns in this State..............
Villages in this State............
School districts in this State
Railroad mortgage bonds___

Par
value
$13,000 00
19,000 00
2,000 O
O
118,400 00
230,545 O
O
O
3,000 O
15,101 00
37,700 00
4,000 00
46,000 00
$488,746 00

Original
Estimated
cost
market value
$12,773 28
$12,740 00
18,240 00
18,430 00
2,035 00
2,100 00
124,328 05
121,734 00
231,458 93
233,381 00
2,796 90
2,910 00
15,652 52
15,403 02
36,096 25
35,822 00
4,210 10
4,080 00
44,071 25
36,090 00
$491,662 28

$482,690 02

482,690 02
Other real estate, book value, $11,911.80; cost, $13,689; actual
cash value..................................................................................................
Cash on deposit in banks or trust companies.................................
Cash on hand................................................................................................
Total of collectible interest.....................................................................
Amount of all other assets, viz.:
Vaults and fixtures..............................................................
New York State barge canal judgm ents....................

13,689
133,226
14,098
14,082

00
76
37
12

$2,000 00
8,375 62

10,375 62
$1,549,761 89
L IA B IL IT IE S

Amount due depositors, viz.:
Principal ................................................................................. $1,489,115 44
Dividends credited or to be credited fo r the six
months ending with December 31, 1915......................
22,762 04

------------------ $1,511,877 48
Surplus on market value.........................................................................
37,884 41
$1,549,761 89
Surplus on par value, $43,940.39.
CASH TRANSACTIONS DURING THE YEA R 1915
R E C E IPTS

Cash on hand and in banks or trust companies January 1,
1915, before transactions of the day...............................................
From depositors, not including dividends credited.........................
From interest on loans, deposits and investments......................
From rents from other real estate......................................................
From mortgages...........................................................................................
From redemption of stocks and bonds...............................................
From stocks and bonds sold (total par value, $ 3 3,47 9)..............




$93,981
768,640
67,495
501
12,450
1,250
33,320

90
52
45
66
00
00
44

B r o n x C o u n ty

63

From all other sources, viz.:
Profit on bonds sold............................................................
Rebate on taxes.....................................................................
A ppraisal tees ......................................................................

$6173
2 07
60 00

$123 80
$977,763 77
PAYM ENTS

To depositors, including dividends paid to them...........................
For loans on bonds and mortgages........................................ .............
For stocks and bonds purchased, including premiums, commis­
sions, etc. (total par value, $45,575.62)......................................
For interest (other than dividend payments to depositors) . . .
For current expenses of the bank, viz.:
For salaries ...........................................................................
For taxes : Banking house,$4.40; surplus, $184.62...........
F or expenses, except taxes, o f banking house :
I n s u r a n c e ..........................................................................
O t h e r ..................................................................................
For rent o f banking room s...............................................
For expenses o f other real estate, viz. :
Insurance .........................................................................
T a x e s ..........................................\.....................................
For other expenses, not including expenses of other
real estate nor other expenses o f banking hou se..

$656,284 73
115,500 00
46,466 66
312 89

$4,693 16
189 02
128 45
148 40
3,300 00
35 00
657 20
2,723 13

11,874 36
Cash on hand and in banks or trust companies December 31,
1915, after transactions of the day...............................................

147,325 13
$977,763 77

STATISTICAL INFORMATION
Number of open accounts January 1, 1916......................................
Number of accounts opened or reopened during the year...........
Number of accounts closed during the year......................................
Amount deposited during the year, not including dividends
credited for that period.......................................................................
Amount withdrawn during the year.......................................... ; . . .
Amount of dividends credited and paid for the year, viz.:
July 1, 1915..............................................................................
January 1, 1916......................................................................

$768,640 52
656,284 73

$21,098 33
22,762 04

Average amount of each account January 1, 1916........................
Rate per cent, of dividends to depositors during the six months
ending June 30, 1915...........................................................................
Rate per cent, of dividends to depositors during the six months
ending December 31, 1915...................................................................
Total earnings of the bank for the year, 1915, after allowing
for amortization of premiums and discounts........... ...............
Total expenses of the bank for the year 1915...............................
Dividends paid to depositors for the year 1915.............................
Net earnings for the year 1915 over expenses and dividends
paid to depositors..................................................................................




6,501
2,037
1,400

43,860 37
232 56

3y2
3y2
$66,737 37
11,874 36
43,860 37
11,002 64

BROOME COUNTY

13.

B I N G H A M T O N S A V I N G S B A N K , B IN G H A M T O N

[97 and 99 Collier street; Incorporated 1867]
CHAS. W. GENNET, President.
ASBURY C. DEYO, Treasurer.
JOHN G. ORTON, Vice-President.
S. J. HIRSCHMANN, Secretary.
CHARLES M. STONE, Vice-President.

TRUSTEES
JOHN G. ORTON,
E DW ARD P. MCKINNEY,
GEORGE M. HARRIS,
LEW IS M. W EED,

CHARLES W. GENNET,
CHARLES M. STONE,
S. .1. HIRSCHMANN,

JOHN BAYLESS,
CH ARLES A. WEED,
W IL L IA M It. OGDEN,
ASBURY C. DEYO,

FINANCIAL
RESOURCES

Bonds and mortgages...............................................
Stock and bond investments, viz.:
Par
S to c k s and bon ds
value
State o f M assachusetts.......
$100,000 00
Cities in other States............
346,000 00
Cities in this State................. 1,905,700 00
388,000 00
Counties in this State............
Towns in this State...............
1,550 00
Villages in this State.............
24,132 00
School districts in this State
8,950 00
Railroad mortgage bonds___
875,000 00
$3,649,332 00

$ 3 ,219 ,66 0 00

Original
Estimated
cost
market value
$85,000 00
$101,250 00
333,560 00
360,635 42
1,859,202 00
1,925,518 85
382,830 00
396,459 79
1,550 00
1,550 00
23,596 14
24,132 00
8,748 00
9,047 00
747,000 00
881,800 00
$3,700,393 06

$3,441,486 14

= = = = =
----- ' - -------=
Loans upon pledge of securities............................................................
Banking house and lot, book value, $65,000; cost, $73,000;
actual cash value.....................................................................................
Other real estate, book value, $4,412.28; cost, $4,412 28;
actual cash value.....................................................................................
Cash on deposit in banks or trust companies.................................
Cash on hand................................................................................................
Total of collectible interest...................................................................
Amount of all other assets, v iz.: Rent accrued...........................

3,4 41,4 86 14
2 ,0 00 00
65,000 00
4,412
600,000
34,461
87,878
696

28
00
21
18
96

$7 ,455 ,59 4 77
L IA B IL IT IE S

Amount due depositors, viz.:
Principal .................................................................................. $6,963,924 09
Dividends credited or to be credited fo r the six
months ending with December 31, 1915......................
112,399 29

------------------ $7,076,323 38
Surplus on market value.........................................................................
379,271 39
$7 ,455 ,59 4 77
Surplus on par value, $587,117.25.
CASH TRANSACTIONS DURING THE YEA R 1915
R E C E IPTS

Cash on hand and in banks or trust companies January 1, 1915,
before transactions of the day..........................................................
From depositors, not including dividends credited......................
From interest on loans, deposits andinvestments........................
From rents from banking house........................................................




[64]

$426,874
3,357,1 43
297,168
3,307

20
57
06
06

B roome C o u n ty
From
From
From
From

65

rents from other real estate...................................................
mortgages...........................................................................................
redemption of stocks and bonds.................................................
stocks and bonds sold (total par value, $48,00 0)...........

$250
211,400
125,593
45,180

00
00
76
00

$4 ,466,916 65

PAYMENTS
To depositors, including dividends paid to them........................... $3 ,211,013 30
For loans on bonds and mortgages.....................................................
568,400 00
For stocks and bonds purchased, including premiums, commis­
sions, etc. (total par value, $19,55 0).............................................
19,550 00
For interests (other than dividend payments to depositors) . .
477 47
For current expenses of the bank, viz.:
F or salaries .............
For tax es: Banking house, $1,410; surplus, $3,217.73;
on mortgages, $1,260........................................................
F or expenses, except taxes, o f banking house :
Repairs ..............................................................................
In s u r a n c e ..........................................................................
O t h e r ..................................................................................
For expenses o f other real estate, v i z .:
Insurance . .
. ..........................................................
T a x e s ..................................................................................
F or other expenses, not including expenses o f other
real estate nor other expenses o f banking house..

$17,084 63
5,887 73
847 46
91 00
2,479 94
51 60
98 70
6,383 61

Other payments, viz.: Error at teller’s window
Cash on hand and in banks or trust companies December 31,
1915, after transactions of the day...................................................

32,924 67
90 00
634,461 21
$4,466,916 65

STATISTICAL INFORMATION
Number of open accounts January 1, 1916......................................
Number of accounts opened or reopened during the year.........
Number of accounts closed during the year......................................

Amount deposited during the year, not including dividends

22,558
4,337
3,597

credited for that period....................................................................... $3,357,143 57
3,207,6 29 59
Amount withdrawn during the year...................................................
Amount of dividends credited and paid for the year, viz.:
July 1, 1915..............................................................................
January 1, 1916........................................................................
Paid but not credited.........................................................

$109,911 97
112,399 29
3,383 71

Average amount of each account January 1, 1916.........................
Rate per cent, of dividends to depositors during the six months
ending June 30, 1915...........................................................................
Rate per cent, of dividends to depositors during the six months
ending December 31, 1915..................................................................
Total earnings of the bank for the year 1915, after allowing
for amortization of premiums and discounts...................., . . .
Total expenses of the bank for the year 1915...............................
Dividends paid to depositors for the year 1915.............................
Net earnings for the year 1915 over expenses and dividends
paid to depositors..................................................................................




3

225,694 97
313 69

3y2
31/2
$303,225 27
33,014 67
225,694 57
44,515 63

66

R eport on S avin gs B a n k s
14.

C H E N A N G O V A L L E Y S A V IN G S B A N K , B IN G H A M T O N

[2 Chenango stre e t; Incorporated 1867]
A R TH U R S. BARTLE TT, President.
W ALK E R F. SHERWOOD, Vice-Pres.
W ILLIA M W. SISSON, Vice-President.
W IL L IA M R. ELY, Treasurer.

TRUSTEES
A R TH U R S. BARTLE TT,
C. F. HOTCHKISS,
W ILLIA M W. SISSON,
JAM ES W. MANIER,

JAM ES M. MCNAMARA,
GEORGE F. O’ NEIL,
W IL L IA M G. PHELPS,
L E SLIE M. W ILSON,
W ALK E R S. SHERWOOD.

A R TH U R L. KENT,
H ARRY RUBIN,
GEORGE W. T O P LIF F ,
RENNA Z. SPAULDING,

FIN AN CIAL
RESOURCES

Bonds and mortgages................................................................................ $1 ,074 ,15 8 89
Stock and bond investments, viz.:
S to c k s

and

Par
value
$50,000 00
105,000 00
15,000 00
30,000 00
51,500 00
135, 600 00
120,700 00
60,000 00

bonds

State o f L ouisiana...................
Cities in other States..........
Cities in this State...............
Counties in this State............
Towns in this State...............
Villages in this State............
School districts in this State
R ailroad mortgage bonds___

$567,800 00

Original
Estimated
cost
market value
$52,055 00
$52,055 00
102,600 00
i05,414 53
15,469 50
13,500 00
32,809 20
32,100 00
55,525 00
53,165 00
142,799 18
138,971 00
124,875 90
128,588 26
46,000 00
56,878 00
$589,538 67

$563,266 90

563,266
86,386
22,831
26,576

Cash on deposit in banks or trust companies.........
Cash on h a n d ............................
Total of collectible interest.

90
04
03
61

$1,773,219 47
L IA B IL IT IE S

Amount due depositors, viz.:
Principal ................................................................................. $1,697,244 44
Dividends credited or to be credited fo r the six
months ending with December 31, 1915 ......................
27,024 19

------------------ $1,724,268 63
Surplus on market value.........................................................................
48,950 84
$1 ,773 ,21 9 47
Surplus on par value, $53,483.94.
CASH TRANSACTIONS DURING THE YEA R 1915

RECEIPTS
Cash on hand and in banks or trust companies January 1,
1915, before transactions of the day...............................................
From depositors, not including dividends credited.........................
From interest on loans, deposits and investments...........................
From mortgages.. . . » ...............................................,................................
From redemption of stocks and bonds.................................................
From stocks and bonds sold (total par value, $206,520)...........
From all other sources, viz.: Cash over............................................

$141,571
1,013,823
86,310
175,360
9,135
211,843
141

24
68
13
11
00
75
27

$1,638 ,18 5 18

PAYMENTS
To depositors, including dividends paid to them........................... $1,283 ,66 0
For loans on bonds and mortgages.....................................................
60,544
For stocks and bonds purchased, including premiums, commis­
sions, etc. (total par value, $150,000)..........................................
161,428
For interest (other than dividend payments to depositors) . . .
3,463




79
50
83
98

B roome C o u n ty

67

For current expenses of the bank, viz.:
For salaries ...........................................................................
For taxes : Surplus, $341.61; on mortgages, $167___
F or rent o f banking room s...............................................
F or other expenses, not including expenses of other
real estate nor other expenses o f banking h ou se..

$7,050 04
508 61
2,400 00
9,890 44

$19,849 09
20 92

Other payments, viz.: Overdrafts...................................
Cash on hand and in banks or trust companies De
1915, after transactions of the day...........................

109,217 07
$1,638,185 18

STATISTICAL INFORMATION
Number of open accounts January 1, 1916.............................
10, 470
Number of accounts opened or reopened during the year. . .
2 , i 637
Number of accounts closed during the y e a r .........................
2,1807
Amount deposited during the year, not including dividends
$1,013,823' 68
credited for that period..............................................................
1,283,660 79
Amount of dividends credited and paid for the year, viz.:
July 1, 1915..............................................................................
January 1, 1916.....................................................................
Credited at other p e rio d s.................................................

$27,459 31
27,024 19
1,405 65

Average amount of each account January 1, 1916.............
Rate per cent, of dividends to depositors during the six months
ending June 30, 1915...........................................................................
Rate per cent, of dividends to depositors during the six months
ending December 31, 1915...................................................................
Total earnings of the bank for the year 1915, after allowing
for amortization of premiums and discounts.............................
Total expenses of the bank for the year 1915.................................
Dividends paid to depositors for the year 1915...........................
Net earnings for the year 1915 over expenses and dividends
paid to depositors..................................................................................




55,889 15
164f 69
3 Vi
3%
$82,486 95
19,849 09
55,889 15
6 , 74S 71

CAYUGA COUNTY
15.

AUBURN

S A V IN G S B A N K , A U B U R N

[74 Genesee stre e t; Incorporated 1849]
DAVID M. DUNNING, President.
W IL L IA M S. DOWNER, Treasurer.
NELSON B. ELDRED, Vice-President.
ADO LPH K E IL , Assistant Treasurer.
GEORGE UNDERWOOD, Vice-Pres.

TRUSTEES
DAVID M. DUNNING,
GEORGE UNDERWOOD,
NELSON B. ELDRED.
GEORGE H. NYE,

H OBART L. ROMIG,
W ILLIA M S. DOWNER.
W ILLIA M H. SEWARD, Jr.. H AROLD G. M ETCALF,
II. G. ROBINSON.
HENRY D. NOBLE.
SA FFR IN E L. DEPEW .
FRED ER IC K SEFTON.
HENRY D. TITU S.

FIN AN CIAL
RESOURCES

Bonds and mortgages .............................................................................. $3,6S6,066 00
Stock and bond investments, viz.:
Par

O r ig in a l
cost

v a lu e

S to c k s and bonds

$8,000
50,000
261,000
607,640
40,000
14,000
20,000
40,000
771,000

State o f M assachusetts.........
State o f U tah.........................
Cities in other States.........'.
Cities in this State...............
Counties in this S ta te .........
Towns in this State...............
Villages in this State............
School districts in this State
R ailroad mortgage bon ds...

00
00
00
30
00
00
00
00
00

$1,811,640 30

$8,536
50,731
28S, 190
632,599
40, 551
14,450
21,799
43,066
826,744

00
25
50
05
75
00
23
25
50

$1,926,668 53

E stim a te d
m a r k e t v a lu e

$7,360
48,000
260,410
579,370
38,750
13,400
19, 670
39,190
717,410

00
00
00
30
00
00
00
00
00

$1,723,560 30

1,723,560 30
)k v a l u e , $ 1 0 0 , 0 0 0 ;

c o st, $ 2 6 8 ,8 3 1 .1 4 ;

actual cash value. .
Other real estate, bool
iu e , $ 4 , 0 0 9 ; c o s t , $ 4 , 0 7 6 ;
value ........................
Cash on deposit in banks or trust companies.
Cash on hand..............................................................
Total of collectible interest....................................
Amount of all other assets, viz.:
Land contracts .....................................................................
Rents accrued ........................................................................
Taxes and insurance premiums advanced...................
New York State barge canal judgm ents......................

100,000 00
a c tu a l cash

4,076
585,508
51,952
54,735
$450
853
119
26,889

00
14
49
08

00
31
24
36

28,311 91
$6,234,209 92
L IA B IL IT IE S

Amount due depositors, viz.:
P r in c ip a l.................................................................................. $5,651,570 34
Dividends credited or to he credited fo r the six
months ending with December 31, 1915......................
108,730 27

------------------ $5 ,760,300 61
Other liabilities, viz.:
Expenses incurred, but u n p a id :
Repairs to bank building............................................
Sundries ............................................................................

$366 40
191 99

-------------------------------------- 56139
Surplus on market value .......................................................................
473,347 92
$6 ,234,209 92
Surplus on par value, $561,427.92.




[68]

69

C ayu g a C o u n ty
CASH TRANSACTIONS DURING THE YEA R 1915
R E CEIPTS

Cash on hand and in banks or trust companies January 1,
1915, before transactions of the day............................................
From depositors, not including dividends credited.........................
From interest on loans, deposits andinvestments............. ............
From rents from banking house.......................................................
From rents from other real estate.......................................................
From mortgages............................................... ... ...................................
From redemption of stocks and bonds.................................................
From real estate sold................................................................................
From all other sources, viz.:
Cash over ..............................................................................
Taxes and insurance premiums advanced refunded..
Fire insurance credited to suspense accou n t............

$568,885
1,579,329
272,649
7,522
1,320
394,523
73,300
50

02
32
29
83
32
00
10
00

$66 75
553 75
800 00

-------------------------------------- 1,420 50
$2 ,899 ,00 0 38
PAYM ENTS

To depositors, including dividends paid to them........................... $1,591,093 35
For loans on bonds and moi’tgages.....................................................
447,170 00
For stocks and bonds purchased, including premiums, commis­
sions, etc. (total par value, $165,000)..........................................
156,875 00
For interest (other than dividend payments to depositors) . . . .
2,598 37
For current expenses of the bank, viz.:
F or salaries .........................................................................
For taxes :
Banking house, $3,485.96; surplus
$4,278.22 ..................................................................................
For expenses, except taxes, o f banking h o u se :
R e p a ir s ........................
In s u ra n ce ..........................................................................
Other ..................................................................................
For expenses of other real estate, v iz .: O ther.........
For other expenses, not including expenses o f other
real estate nor other expenses o f banking house..

$16,800 00
7,764 18
1,407
727
4, 416
1,220

78
50
93
83

4,025 61

36,362 83
Other payments, viz.:
Cash short ..............................................................................

$93 60

Taxes and insurance premiums advanced....................

457 24

New York State barge canal judgm ents purchased..

26,889 36

27,440 20
Cash on hand and in banks or trust companies December 31,
1915, after transactions of the day.................................................

637,460 63
$2 ,899 ,00 0 38

STATISTICAL INFORMATION
Number of open accounts January 1, 1916......................................
13,380
Number of accounts opened or reopened during the year.........
1,621
Number of accounts closed during the y e a r ...............................
1,676
Amount deposited during the year, not including dividends
credited for that period....................................................................... $1 ,579,329 32
Amount withdrawn during the year...................................................
1,5 91,093 35
Amount of dividends credited and paid for the year, viz.:
July 1, 1915......................................................................" .....
January 1, 1916...................................................................
Credited at other periods..................................................

$99,787 85
108,730 27
1,611 23

Average amount of each account January 1, 1916.........................
Rate per cent, of dividends to depositors during the six months
ending June 30, 1915...........................................................................
Rate per cent, of dividends to depositors during the six months
ending December 31, 1915.....................................................................
Total earnings of the bank for the year 1915, after allowing
for amortization of premiums and discounts...............................
Total expenses of the bank for the year 1915...............................
Dividends paid to depositors for the year 1915.............................
Net earnings for the year 1915 over expenses and dividends
paid to depositors.....................................................................................




21 0,12 $ 35
430 51

31/2 & 4
4
$276,869 86
36,768 43
210,129 35
29,972 08

70

R eport on S avings B a n k s
16.

C A Y U G A C O U N T Y S A V IN G S B A N K , A U B U R N

[113-115 Genesee street; Incorporated 1864]
D. W ADSW ORTH, J r ., President.
G. V. LOUGHBOROUGH, Asst. Treas.
CHARLES W. B R ISTER, Vice-Pres.
A. L. HEM INGW AY, Secretary.
W. H. M EAKElt, Treasurer.

TRUSTEES
W ILLIA M H. SEWARD,
BENJAM IN B. SNOW,
W ILLIAM H. M EAKER,
■TAMES LYON,
CHAS. A. MCCARTHY,

D A V ID W ADSW ORTH. J r .,
GEORGE B. TURNER,
SIDNEY J. W ESTFALL,
C. F. BALDW IN.
G. V. LOUGHBOROUGH.

HULL GREENFIELD,
CHARLES P. MOSHER,
DAN IEL L. RAMSEY.
CHARLES W. B R ISTE R ,
JAMES E. ELDER.

FIN AN CIAL

RESOURCES
Bonds and mortgages................................................................................ $2,548,008 00
Stock and bond investments, viz.:
Par
value
$50,000 00

ft to c l'8 a n d b o n d s

State o f New Y ork...............
State o f M assachusetts.........
Cities in other States............
Cities in this State...............
Counties in this State............
Towns in this State.............
School districts in this State
Railroad mortgage bonds___

200,000 00

60,000 00
271,592 55
30,000 00
6,000 00

2,500 00
731,000 00
$1,351,092 55

Original
Estimated
cost
market value
$53,109 37
$51,000 C
O
217,022 50
185,700 00
62,223 75
56,700 00
279,572 55
272,022 15
30,000 00
30,000 00
6,000 00
5.7C0 00
2,563 71
2,475 00
775,741 91
656,360 00
$1,426,233 79

$1,260,017 15

1,260,017 15
Banking
actual
Cash on
Cash on
Total of
Amount

house and lot, book value, $83,000; cost, $100,307.17;
cash value....................................................................................
deposit in banks or trust companies.................................
hand...............................................................................................
collectible interest.....................................................................
of all other assets, viz.:

Land contract ......................................................................
Rent accrued ........................................................................
Insurance advanced ............................................................

83,000
313,687
33,285
35,840

00
41
87
34

$3,850 00
245 00
12 23

4,107 23
$4,277,946 00
L IA B IL IT IE S

Amount due depositors, viz.:
Principal ................................................................................. $3,955,375 12
Dividends credited or to he credited fo r the six
months ending with December 31, 1915......................
76,026 17

------------------ $4,031,401 29
Other liabilities, viz.:
Expenses incurred, but unpaid :
Printing ............................................................................
Card outfit ........................................................................

$150 00
55 35

-------------------------------------- 20535
Surplus on market value.....................................................
246,339 36
$4,277,946 00
=

Surplus on par value, $337,414.76.

CASH TRANSACTIONS DURING THE YEA R 1915
RECEIPTS

Cash on hand and in banks or trust companies January 1,
1915, before transactions of the day...............................................
From depositors, not including dividends credited......................
From interest on loans, deposits and investments.........................
From rents from banking house............................................................
From mortgages...........................................................................................
From redemption of stocks and bonds.................................................
From stocks and bonds sold (total par value, $25,00 0)................
From real estate sold...............................................; ...............................




$394,603
1,344,240
185,462
1,748
166,120
66,818
14,968
7,650

11
55
75
00
00
84
75
00

C ayug a C o u n ty

71

From all other sources, viz.:
Taxes and insurance premiums advanced refunded..
Land contract ......................................................................

$80 62
100 00

------------------

$180 62
$ 2 ,1 S1,792 62

PAYMENTS
To depositors, including dividends paid to them........................... $1 ,284,309 38
For loans on bonds and mortgages........................................................
471,900 00
For stocks and bonds purchased, including premiums, commis­
sions, etc. (total par value, $5 4,61 9)...............................................
54,619 00
For interest (other than dividend payments to depositors) . . . .
70 76
For current expenses of the bank, viz.:
F or salaries ...........................................................................
For ta x e s : Banking house, $2,193.13; surplus, $2,014.57; on mortgages, $27.75............................................
For expenses, except taxes, o f banking h o u se :
Repairs ..............................................................................
Insurance ..........................................................................
F or expenses of other real estate, v i z .:
Repairs ..............................................................................
Taxes .................................................................................
O t h e r ..................................................................................
F or other expenses, not including expenses o f other
real estate nor other expenses o f banking hou se..

$12,373 33
4,235 45
469 58
210 56
10 72
25 76
20 24
3,608 85

20,954 49
For real estate acquired by foreclosure, or in settlement of
debts due the bank..................................................................................
Other payments, v iz.:
Insurance premiumsadvanced...........................................
Commission on sale o f other real estate.......................
Counterfeit bill ...................................................................
Suspense account .................................................................

$61
444
5
69

2,385 06

60
21
00
84

580 65
Cash on hand and in banks cr trust companies December 31,
1915, after transactions of the day.................................................

346,973 28
$2,181,792 62

STATISTICAL INFORMATION
Number of open accounts January 1, 1916......................................
9,759
Number of accounts opened or reopened during the year...........
1,645
Number of accounts closed during the year......................................
1,417
Amount deposited during the year, not including dividends
credited for that period..................................................................... $1 ,344 ,24 0 55
Amount withdrawn during the year.....................................................
1,284,309 38
Amount of dividends credited and paid for the year, viz.:
Julv 1, 1915..............................................................................
January 1, 1916......................................................................
Credited at other periods..................................................

$68,947 90
76,026 17
1,262 69

Average amount of each account January 1, 1916.........................
Number of accounts which exceeded $3,000, exclusive of divi­
dends credited, at the last trial balance of depositors’
ledgers, .except deposits arising from society accounts, or
judicial sales, or trust funds or by .order of a court of record
or of a surrogate....................................................................................
Total amount of such accounts..............................................................
Rate per cent, of dividends to depositors during the six months
ending June 30, 1915..............................................................................
Rate per cent, of dividends to depositors during the six months
ending December 31, 1915...................................................................
Total earnings of the bank for the year 1915, after allowing
for amortization of premiums and discounts.............................
Total expenses of the bank for the year 1915.................................
Dividends paid to depositors for the year 1915...............................
Net earnings for the year 1915 over expenses and dividends
paid to depositors..................................................................................




146,236 76
413 09

1
$3,047 20
3V o & 4

4
$189,579 08
21,159 84
146,236 76
22,182 48

CHEM UNG COUNTY

17.

THE

E L M IR A S A V IN G S B A N K , E L M IR A

[212 East W ater street; Incorporated 1869]
W. H. FERGUSON, President.
HU BERT C. M ANDEVILLE, Treasurer.
JOHN J. CURTIS, Vice-President.
M. A. LEAH Y, Secretary.
JOHN W. HUSTON, Vice-President.

TRUSTEES
W IL FR E D I. BOOTH,
JOHN J. CURTIS,
HENRY J. HAASE,
F R E D D. HERRICK,

JOHN W. HUSTON,
M ICH AEL A. LEAH Y,
WM. H. FERGUSON,
H. C. M AN DEVILLE.
LOUIS N. MATHEW S.

HENRY SIMPSON,
W ILLIA M M. UFFORD,
GEORGE W. W YCKOFF,
A L EX A N D E R S. DIVEN,

FIN AN CIAL
RESOURCES

Bonds and mortgages............................................ .
Stock and bond investments, viz.:
S to c k s an d bon ds

Cities in other States..........
Cities in this State...............
Counties in this State..........
Towns in this State...............
Villages in this State............
School districts in this State
R ailroad mortgage bonds___

Tar
value
$77,000 00
116,000 00
42,000 00
16,000 00
88,600 00
10,000 00
72,000 00
$421,600 00

$465,882 93

Original
Estimated
cost
market value
$75,925 00
$75,190 00
il7 ,305 00
117, 620 00
42,767 00
43,180 00
16,000 00
16,150 00
88,156 00
89, 690 00
10,000 00
10,400 00
66,519 00
53,930 00
$416,672 00

$406,160 00

406,160
103,225
2,986
5,482

Cash on deposit in banks or trust companies...........
Cash on hand..........................
Total of collectible interest.

00
89
59
40

$983,737 81
L IA B IL IT IE S

Amount due depositors, viz.:
Principal .................................................................................
Dividends credited or to be credited fo r the six
months ending with December 31, 1915......................

$913,146 13
13,944 48

-----------------Surplus on market value.........................................................................

$927,090 61
56,647 20
$983,737 81

Surplus on par value, $72,087.20.
CASH TRANSACTIONS DURING THE YEA R 1915
R E CEIPTS

Cash on hand and in banks or trust companies January 1, 1915,
before transactions of the day............................................................
From depositors, not including dividends credited.........................
From interest on loans, deposits and investments.........................
From mortgages...........................................................................................
From redemption of stocks and bonds.................................................




$65,543
431,225
43,341
39,567
15,400

98
21
49
00
00

$595,077 68

[72]

C h e m u n g C o u n ty

73

PAYM ENTS

To depositors, including dividends paid to them...........................
For loans on bonds and mortgages.....................................................
For stocks and bonds purchased, including permiums, commis­
sions, etc. (total par value, $16,00 0)...............................................
For current expenses of the bank, viz.:
For salaries ...........................................................................
For taxes : Surplus, $475.93 ; on mortgages, $45___
For rent o f banking room s...............................................
For expenses of other real estate, viz. : Insurance.
For other expenses, not including expenses o f other
real estate nor other expenses o f banking house..

$2,196
520
780
15

$374,619 06
93,442 93
15,600 00

00
93
00
24

1,691 04

5,203 21
1915, after transactions of the day.

106,212 48
$595,077 6S

STATISTICAL INFORMATION
Number of open accounts January 1, 1916...............................
Number of accounts opened or reopened during the y e a r ..
Number of accounts closed during the year.............................
Amount deposited during the year, not including dividends
credited for that period.....................................................................
Amount withdrawn during the year...................................................
Amount of dividends credited and paid for the year, viz.:
July 1, 1915.............................................................................
January 1, 1916......................................................................

$431,225 21
374,619 06

$13,385 61
13,944 48

Average amount of each account January 1, 1916........................
Rate per cent, of dividends to depositors during the six months
ending June 30, 1915..............................................................................
Rate per cent, of dividends to depositors during the six months
ending December 31, 1915...................................................................
Total earnings of the bank for the year 1915, after allowing
for amortization of premiums and discounts.............................
Total expenses of the bank for the year 1915.................................
Dividends paid to depositors for the year 1915...............................
Net earnings for the year 1915 over expenses and dividends
paid to depositors..................................................................................




4,i564
1,<184
i , : 148

27,330 09
203 13
3V2
3V 2

$43,673 97
5,203 21
27,330 09
11,140 67

C O L U M B IA C O U N T Y

18.

H U D SO N C IT Y S A V IN G S IN S T IT U T IO N , H U D SO N

[560 W arren stre e t; Incorporated 1850]
CHAS. A. VAN DUESEN, President.
S. M ITC H ELL RAINEY, Treasurer.
H. F. DERNELL, Vice-President.

TRUSTEES
LOUIS A. BRISTOL,
NOAH H. BROWNING,
LOUIS P. CHURCH,
A. V. S. COCHRANE.

HERMAN F. DERNELL,
ROBERT W. EVANS,
JOHN W. G ILLE TTE ,
EVERTS TEN BROECK,
GEORGE A. M cK IN STR Y,

JOC'OB P. MESICK,
S. M ITC H ELL RAINEY,
CHAS. A. VAN DEUSEN,
II. S. W ILLIAM S,

FIN AN CIAL
RESOURCES

Bonds and mortgages................................................................................ $1,698,866 00
Stock and bond investments, viz.:
Par
value
$25,000 00
7,000 00
765,000 00
923,503 25
402,900 00
6,900 00
368,849 94
50,700 00
884,000 00

S to c k s and bon ds

State o f New Y ork...............
State o f C olorado...................
Cities in other States............
Cities in this State...............
Counties in this State..........
Towns in this State...............
Villages in this State..........
School districts in this 'State
R ailroad mortgage bonds—

$3,433,853 19

Original
Estimated
cost
market value
$27,140 63
$28,000 00
5,827 50
5,390 00
794,513 87
761,855 00
956,416 70
927,280 25
418,251 00
404,812 00
6,825 75
6,855 00
374,405 70
361,079 55
52,496 12
50,304 00
898,997 57
802,940 00
$3,534,874 84

$3,348,515 80

------ ------ •- — - - — -■ '
—
Banking house and lot, book value, $40,000; cost, $74,690.76;
actual cash value....................................................................................
Other real estate, book value, $50,700; cost, $53,374.30; actual
cash value.........................................
Cash on deposit in banksor trust companies...................................
Cash on hand................................................................................................
Total of collectible interest.....................................................................

3,348,5 15 80
40,000 00
50,700
336,585
55,831
68,354

00
43
54
68

$5 ,598,853 45
L IA B IL IT IE S

Amount due depositors, viz.:
Principal ................................................................................. $5,038,391 37
Dividends credited or to be credited fo r the six
months ending with December 31, 1915.......................
96,607 07

------------------ $5,134 ,99 $ 44
Surplus on market value.......................................................................
463,855 01
$5 ,598,853 45
Surplus on par value, $549,192.40.
CASH TRANSACTIONS DURING THE YEA R 1915
R E C E IPTS

Cash on hand and in banks or trust companies January 1, 1915,
before transactions of the day............................................................
From depositors, not including dividends credited........................
From interest on loans, deposits and investments.........................
From rents from other real estate........................................................




[74]

$306,060
1,010,832
239,569
244

27
50
80
90

C o lu m b ia C o u n ty
From
From
From
From
From

75

mortgages .........................................................................................
redemption of stocks and bonds.................................................
stocks and bonds sold (total par value, $ 3 ,0 0 0 )................
real estate sold................................................................................
all other sources, viz.: Foreclosure expenses refunded . .

$238,115
149,377
3,003
1,400
44

00
73
75
00
75

$1 ,948,648 70

PAYMENTS
To depositors, including dividends paid to them........................... $1,319,301 43
For loans on bonds and mortgages........................................................
168,700 00
For stocks and bonds purchased, including premiums, commis­
sions, etc. (total par value, $4 5,00 0)...............................................
44,925 75
For interest (other than dividend payments to depositors) . . . .
61 50
For current expenses of the bank, viz.:
F or salaries ..........................................................................
F or ta x e s :
Banking house, $1,057.85; surplus,
$4,003.10 ..................................................................................
For expenses, except taxes, o f banking h o u se : Re­
pairs
For expenses of other real estate, v i z .:
Repairs ..............................................................................
I n s u r a n c e ..........................................................................
Taxes .................................................................................
Other .................................................................................
For other expenses, not including expenses o f other
real estate nor other expenses o f banking h o u se ...

$8,925 00
5,060 95
97 48
198
78
1,056
223

53
75
53
82

1,501 99

17,143 05
For real estate acquired by foreclosure, or in settlement of
debts due the bank................................................................................
Cash on hand and in banks or trust companies December 31,
1915, after transactions of the day.................................................

6,100 00
392,416 97
$1,948,648 70

.STATISTICAL INFORMATION
10,724
Number of open accounts January 1, 1916........................................
Number of accounts opened or reopened during the year...........
1,658
Number of accounts closed during the year......................................
1,475
Amount deposited during the year, not including dividends
$1,010,832 50
credited for that period............................................................ ..
Amount withdrawn during the year...................................................
1,319,301 43
Amount of dividends credited and paid for the year, viz.:
July 1, 1915...............................................................................
January 1, 1916 ......................................................................

$84,455 42
96,607 07

Average amount of each account January 1, 1916........................
Rate per cent, of dividends to depositors during the six months
ending June 30, 1915..............................................................................
Rate per cent, of dividends to depositors during the six months
ending December 31, 1915..................................................................
Total earnings of the bank for the year 1915, after allowing for
amortization of premiums and discounts......................................
Total expenses of the bank for the year 1915.................................
Dividends paid to depositors for the year 1915...........................
Net earnings for the year 1915 over expenses and dividends
paid to depositors....................................................................................




181.062 49
469 82
3V2
4
$232,305 35
17,143 05
181.062 49

34,099 81

CORTLAND COUNTY

19.

C O R TLA N D S A V IN G S B A N K , CO R TLAN D

[111 Main stre e t; Incorporated 1866]
CALVIN P. WA.LRAD, President.
STRATTON S. KNOX, Vice-President.
MARCUS H. M cG RAW , Vice-President.
BENJAM IN L. W EBB, Treasurer.

TRUSTEES
CALVIN P. W ALRAD,
BENJAM IN L. W EBB,
MARCUS H. M cGRAW ,
LE W IS BOUTON,

HUBERT T. BUSHNELL,
STRATTON S. KNOX.
L E STE R P. BENNETT.
WM. A. STOCKWELL,

GROVE T. MAXON,
A RTH U R F. STILSON,
W ILLIA M J. BUCHANAN,
BYRON MAXON.

FIN AN CIAL

RESOURCES
Bonds and mortgages...................................... .......................................... $2 ,384,392 00
Stock and bond investments, viz.:
S to c k s and bon ds

State of New Y ork...............
State of Colorado...................
State of M assachusetts.......
Cities in other States..........
Cities in this State...............
Towns in this S tate..............
Villages in this 'State............
School districts in this State
R ailroad m ortgage bon d s...

Par
value
$55,000 00
50,000 00
SO 000 00
,
185,000 00
731,336 29
20,000 00
227,340 00
93,600 00
375,000 00
$1,817,276 29

Original
Estimated
cost
market value
$57,112 50
$58,000 00
50,000 00
38,500 00
87,837 50
75,100 00
188,053 62
182,770 00
750,170 99
725,689 74
20,030 00
20,000 00
231,599 21
225,716 70
96,273 99
92,970 00
367,315 O
O
297,350 00
$1, 848,392 81

$1,716,096 44

Other real estate, book value, $15,550; cost, $23,750; actual

1,716,096 44

cash value..................................................................................................
Cash on deposit in banks or trust companies.................................
Cash on hand............................. ................................................ .................
Total of collectible interest.....................................................................
Amount of all other assets, v iz.:
Rents due ...............................................................................
New York State barge canal judgm ents......................

15,550
318,089
80,721
79,989

00
21
78
44

$23 00
4,339 40

4,362 40
$4,599,201 27
L IA B IL IT IE S

Amount due depositors, viz.:
Principal ..............................................................................
$4,183,145 93
Dividends credited or to be credited fo r the six
months ending with December 31, 1915......................
79,639 04

------------------ $4 ,262 ,78 4 97
Surplus on market value.........................................................................
336,416 30

$47599720127
Surplus on par value, $437,596.15.

r:._

CASH TRANSACTIONS DURING THE Y E A R 1915
R E C E IPTS

Cash on hand and in banks or trust companies January 1, 1915,
before transactions of the day...................... ...................................
From depositors, not including dividends credited.........................
From interest on loans, deposits and investments........................
From rents from other real estate.....................................................
From mortgages...........................................................................................
From redemption of stocks and bonds...............................................
From stocks and bonds sold (total par value, $ 2 2,50 0)................
From loans paid.......................................................................................
From real estate sold................................................................................




[76]

$365,382
1,052,7 76
204,903
1,356
134,422
58,980
19,625
550
900

55
25
02
01
50
80
00
00
00

C ortland C o u n ty

77

From all other sources, v iz.:
Exchange .................................................................................
Rents received ...........................................................
Taxes and insurance premiums advanced, rep a id ...
Sundry expenses repaid.......................................................

$21 92
00
2,855 46
35 50
200

$3,112 88
$1 ,842,009 01
PAYM ENTS

To depositors, including dividends paid to them........................... $1,180,468 30
For loans on bonds and mortgages........... ............................................
230,750 00
For stocks and bonds purchased, including premiums, com­
missions, etc. (total par value, $7,628.05)..................................
7,628 05
For interest (other than dividend payments to depositors)
815 32
For current expenses of the bank, viz.:
For
For
For
F or

salaries .........................................................................
tax es: Surplus,$2,926.92 ; on mortgages, $86 .........
rent o f hanking room s.............................................
expenses o f other real estate, v i z .:
Repairs ..............................................................................
I n s u r a n c e ........................................................................ _
Taxes ..................................................................................
O t h e r ..................................................................................
For other expenses, not including expenses o f other
real estate nor other expenses o f banking h ou se..

$9,605 00
3,012 92
700 00
768
62
733
86

66
50
63
03

2,870 95

17,839 69
Other payments, viz.:
Taxes and insurance advanced.......................................
Suspense account .................................. ............................
New York State barge canal judgm ents.........................

$1,324 18
33 08
4,339 40

5,696 66
Cash on hand and in hanks or trust companies December 31,
1915, after transactions of the day...............................................

398,810 99
$1,842,009 01

STATISTICAL INFORMATION
Number of open accounts January 1, 1916......................................
11,879
Number of accounts opened or reopened during the year.........
1,703
Number of accounts closed during the year....................................
1,671
Amount deposited during the year, not including dividends
credited for that period..................................................................... $1 ,052,776 25
Amount withdrawn during the year.................................................
1,180,468 30
Amount of dividends credited and paid for the year, v iz.:
Julv 1, 1915..............................................................................
January 1, 1916......................................................................
Credited at other p eriods....................................................

$73,6^6 71
79,639 04
162 91

-----------------Average amount of each account January 1, 1916......................
Number of accounts which exceeded $3,000, exclusive of divi­
dends credited, at the last trial balance of depositors’
ledgers, except deposits arising from society accounts, or
judicial sales, or trust funds, or by order of a court of rec­
ord or of a surrogate.........................................................................
Total amount of such accounts............................................................
Rate per cent, of dividends to depositors during the six months
ending June 30, 1915............................................................................
Rate per cent, of dividends to depositors during the six months
ending December 31, 1915................................................................
Total earnings of the bank for the year 1915, after allowing
for amortization of premiums and discounts.............................
Total expenses of the bank for the year 1915.................................
Dividends paid to depositors for the year 1915...........................
Net earnings for the year 1915 over expenses and dividends
paid to depositors................................................................................




153,428 66
358 85

1
$3,190 36
3% & 4
4
$207,799 92
17,839 69
153,428 66
36,531 57

DUTCHESS CO UN TY

20.

T H E F IS H K IL L S A V IN G S IN S T IT U T E , F IS H K IL L

[M ain stre e t; Incorporated 1857]
FR AN K LIN R. BENJAMIN, President. CHARLES R. MONTFORT, Treasurer.
J. S. LUYSTER, Vice-President.
C. D. SHERWOOD, Secretary.
A. H. DUDLEY. Vice-President.

TRUSTEES
F. R. BENJAMIN,
J. S. LUYSTER,
A L E X . II. DUDLEY,
CIIAS. D. SHERWOOD,
CHAS. R. MONTFORT.
ROBERT W. DOUGHTY,

C. C. ROBINSON,
J. II. SNYDER,
S. L. VAN VOORIIIS,
L E W IS K. WOOD,
JA R V IS S. PH IL LIP S,
CYRUS TOM PKINS,

JOHN RAPEL.TE,
E. II. FOSIIAY,
S. H. PARSONS,
WM. II. HAIGH T.
JAMES ADKIANCE,
J. B. WALDO.

FIN AN CIAL
RESOURCES

Bonds and mortgages....................
Stock and bond investments, viz.:
S to c k s and

$312,548 40

Par
value
$7,000 00
18,600 eO
56,351 33
75,321 00
51,000 00

bon ds

Cities in this 'State...............
Towns in this State..............
Villages in this State............
School districts in this State
R ailroad m ortgage bonds___

$208,272 33

Original
Estimated
cost
market value
$6,668 75
$7,010 00
19,171 08
19,496 00
59,613 24
58,371 54
78,479 88
78,116 54
51,362 00
40,700 00
$215,294 95

$203,694 08

203,694 08

Banking house and lot, book value, $2,500; cost, $2,500;
actual cash value..................................................................................
Other real estate, book value, $864.92; cost, $864.92; actual
cash value .............................................................................................
Cash on deposit in banks or trust companies..................................
Cash on hand.............................................................................................
Total of collectible interest...................................................................
Amount of all other assets, viz.: Land contracts....................

2 ,5 0 0 00
864
42,877
4,481
7,104
2,605

92
31
57
34
00

$576,675 62
L IA B IL IT IE S

Amount due depositors, viz.:
Principal .................................................................................
Dividends credited or to be credited fo r the six
months ending with December 31, 1915......................

$537,668 31
10,277 35

-----------------Surplus on market value.......................................................................

$547,945 66
28,729 96
$576,675 62

Surplus on par value, $33,308.21.
CASH TRANSACTIONS DURING THE YEA R 1915
RECEIPTS

Cash on hand and in banks or trust companies January 1,
1915, before transactions of the day............................................
From depositors, not including dividends credited......................
From interest on loans, deposits and investments........................
From mortgages .......................................................................................
From redemption of stocks and bonds...............................................
From vll other sources, viz.: Payments on land contracts. . .




$48,173
89,305
27,974
20,955
5,365
170

17
19
50
00
00
00

$191,942 86

[78]

D utchess C o u n ty

79

PAYMENTS
To depositors, including dividends paid to them...........................
For loans on bonds and mortgages...................................................
For stocks and bonds purchased, including premiums, com­
missions, etc. (total par value, $ 9 ,8 0 0 )......................................
For interest (other than dividend payments to depositors) . . . .
For current expenses of the bank, viz.:
For salaries ...........................................................................
For ta x e s: Banking house. $33.44 ; surplus, $197.62..
F or expenses, except taxes, o f banking h o u se :
Repairs ..............................................................................
I n s u r a n c e .........................................................
21
O t h e r ..................................................................
124
For expenses o f other real estate, viz. :
Insurance .........................................................................
Taxes ..................................................................................
Other ..................................................................................
For other expenses, not including expenses o f other
real estate nor other expenses o f banking house..

$100,810 08
30,200 00
10,355 58
311 43

$1,525 00
231 06
1 50
82
54
3 40
9 25
4 37
477 25

2,398 19
Other payments, viz.:
Taxes and insurance premiums advanced....................
Foreclosure expenses ...........................................................

$2 13
506 57

508 70
Cash on hand and in banks or trust companies December 31,
1915, after transactions of the day...............................................

47,358 88
$191,942 86

STATISTICAL INFORMATION
Number of open accounts January 1, 1916......................................
Number of accounts opened or reopened during the year.........
Number of accounts closed during the year......................................
Amount deposited during the year, not including dividends
credited for that period.....................................................................
Amount withdrawn during the year.................................................
Amount of dividends credited and paid for the year, viz.:
July 1, 1915..............................................................................
January 1, 1916........................................................................

$89,305 19
100,810 08

$10,219 60
10,277 35

Average amount of each account January 1, 1916......................
Rate per cent, of dividends to depositors during the six months
ending June 30, 1915............................................................................
Rate per cent, of dividends to depositors during the six months
ending December 31, 1915................................................................
Total earnings of the bank for the year 1915, after allowing
for amortization of premiums and discounts.............................
Total expenses of the bank for the year 1915...............................
Dividends paid to depositors for the year 1915.............................
Net earnings for the year 19T5 over expenses and dividends
paid to depositors................................................................................




1,059
83
67

20.496 95
517 41
4
4
$26,472 81
2,398 19
20.496 95
3,577 67

R eport on S avings B an k s

80
21.

M ATTEAW AN

S A V IN G S B A N K , B E A C O N

[572 Main stre e t; Incorporated 1866]
SAMUEL K. P H IL LIP S, President.
BENJAMIN SULLIVAN, Treasurer.
ADDISON G. ORMSBEE, Vice-Pres.
PE TER H. VOSBURGH, Secretary.
FRANK H. BRETT, Vice-President.

TRUSTEES
ADDISON G. ORMSBE,
BENJAMIN SULLIVAN,
B. FRANK GREENE,
SAMUEL K. PH IL LIP S,
T. J. CUNNINGHAM,
FRAN K II. BRETT,
WM. H. SOUTHARD,

BENJ. I. D. ROOSA,
JOHN O. W IXOM ,
PE TE R H. VOSBURGH,
GUSTAVE A. SCHRADER,
SHERWOOD P H IL LIP S,
FRAN K A. BROCKWAY,

JOHN H. LYNCH,
LOUIS E. KAM PF,
HENRY S. CORNEY,
EUGENE B. SMITH.
HENRY D. JACKSON,
PAULI, J. CHALLEN,
F. H. VAN IIOUTEN.

FINANCIAL
RESOURCES

Bonds and mortgages............................................
Stock and bond investments, viz.:

$518,213 00

bon ds

Cities in this State...............
Towns in this State............
Villages in this State............
'School districts in this State
Railroad mortgage b o n d s...

Par
value
$116,000 00
5,000 00
119,300 00
29,125 00
76,000 00

Estimated
Original
cost
market value
$111,366 60
$111,730 00
5,225 00
5,300 00
123,154 32
120,271 00
31,090 65
29,279 50
74,831 25
60,200 00

$345,425 00

S to c k s and

$345,667 82

$326,780 50

326,780 50
Other real estate, book value, $461.49; cost, $461.49; actual
cash value ................................................................................................
Cash on deposit in banks or trust companies..................................
Cash on hand.............................................................................................
Total of collectible interest...................................................................

Amount of all other assets, viz.:

461
69,229
1,041
12,997
36

Land contract.....................

49
87
70
01
00

$928,759 57
L IA B IL IT IE S

Amount due depositors, viz.:
Principal ................................................................................
Dividends credited or to be credited fo r the six
m onths ending with December 31, 1915....................

$860,188 06
16,557 42

-----------------Other liabilities, viz.: Dividends accrued on deposits to
January 1, 1916....................................................................................
Surplus on market value......................................................................

$876,745 48
5,461 30
46,552 79
$928,759 57

Surplus on par value, $65,197.29.
CASH TRANSACTIONS DURING THE YEA R 1915
R E C E IPTS

Cash on hand and in banks or trust companies January 1,
1915, before transactions of the day............................................
From depositors, not including dividends credited........................
From interest on loans, deposits and investments.........................
From mortgages .......................................................................................
From redemption of stocks and bonds...............................................
From all other sources, viz.: Taxes and insurance premiums
advanced, refunded ..............................................................................




$54,256
177,896
43,723
18,979
9,900

19
58
25
00
00

590 67
$305,345 69

81

D utchess C o u n ty
PAYMENTS
To depositors, including dividends paid to them.........................
For loans on bonds and mortgages......................................................
For stocks and bonds purchased, including premiums, com­
missions, etc. (total par value, $ 1 5,40 0)......................................
For interest (other than dividend payments to depositors) . . ,
For current expenses of the hank, viz.:
For salaries ...........................................................................
For taxes : Surplus..............................................................
For rent o f banking room s...............................................
For other expenses, not including expenses o f other
real estate nor other expenses o f banking h ou se..

$178,363 72
35,225 00
15,479 90
147 85

$2,332 00
367 07
360 00
530 16

-----------------For real estate acquired by foreclosure, or in settlement of
debts due the bank ..............................................................................
Other payments, viz.: Taxes and insurance premiums
advanced ........................................................................................... ..
Cash on hand and in banks or trust companies December 31,
1915, after transactions of the day.................................................

3,589 23
461 49
1,806 93
70,271 57
$305,345 69

STATISTICAL INFORMATION
Number of open accounts January 1, 1916......................................
Number of accounts opened or reopened during the year.........
Number of accounts closed during the year.................................
Amount deposited during the year, not including dividends
credited for that period.....................................................................
Amount withdrawn during the year...................................................
Amount of dividends credited and paid for the year, viz.:
May 1. 1915 ...........................................................................
November 1, 1915.....................................................................

$177,896 58
178,363 72

$16,459 48
16,557 42

Average amount of each account January 1, 1916......................
Rate per cent, of dividends to depositors during the six months
ending June 30, 1915...........................................................................
Rate per cent, of dividends to depositors during the six months
ending December 31, 1915................................................................
Total earnings of the bank for the year 1915, after allowing
for amortization of premiums and discounts.............................
Total expenses of the bank for the year 1915.................................
Dividends paid to depositors for the year 1915.............................
Net earnings for the year 1915 over expenses and dividends
paid to depositors..................................................................................




1,978
232
256

33.016 90
443 25
4
4
$44,410 40
3,589 23
33.016 90
7,S04 27

82

R eport on S avings B a n k s
22.

M E C H A N IC S S A V IN G S B A N K , B E A C O N

[91 Main street; Incorporated 1866]
JOHN T. SMITH, President.
BERTRAM L. SM ITH, Treasurer.
E D W ARD R. CORWIN, Secretary.

TRUSTEES
JOHN T. SMITH,
BENJAM IN HAMMOND,
JOHN W. CORWIN,
BERTRAM L. SMITH,
PRESTON GREENE,
FERD. LOUGHRAN,
CHESTER BOND,

AN DREW BARNES,
JAMES E. VAN HOUTEN,
W. .1. PR ALA TOW SKI.
AARON E. ALDRIDGE,
WM. J. CONKLIN,
FRAN K L. HOWARD,
S. M. DAVIDSON,

A. II. BLACKBURN,
HENRY MONTGOMERY,
WM. YATES
GEORGE CHATTERTON,
R. F. C. KIEB,
HOMER H. STUART,
ROBERT MCKINLEY.

FINANCIAL
RESOURCES

Bonds and mortgages..........................................
Stock and bond investments, viz.:
S t o c k s and, b o n d s

Cities in other States............
Cities in this State...............
Counties in this State............
Towns in this State...............
Villages in this State............
School districts in this State
R ailroad m ortgage b on d s...

Par
value
$127,000 00
293,519 66
45,000 00
237,000 00
563,191 73
193,050 00
242,000 00
$1,700,761 39

$869,051 41

Original
Estimated
cost
market value
$132, 631 70
$127,480 00
301,151 16
285,299 07
49,600 50
45,450 00
245,438 21
239,000 00
562,451 06
583,168 63
202,951 10
197,643 50
239,050 00
195,260 00
$1,753,991 30

$1, 652,583 63

1,652,583 63
Banking house and lot, book value, $15,000; cost, $22,460.22;
actual cash value*.................................................................................
Other real estate, book value, $8,564.23; cost, $8,564.23; actual
cash value ................................................................................................
Cash on deposit in banks or trust companies.................................
Cash on hand ......................................................................................... .
Total of collectible interest............................................................ ..
Amount of all other assets, viz.:
Land contracts ......................................................................
Rent accrued ........................................................................
Insurance and taxes advanced.......................................

15,000 00
8,4 50
128,183
2,804
39,684

$22,950 00
25 00
1,636 33

00
27
87
55

24,611 33
$2 ,740,369 06

L IA B IL IT IE S

Amount due depositors, viz.:
Principal ................................................................................. $2,410,983 77
Dividends credited or to be credited fo r the six
months ending with December 31, 1915....................
46,690 38

------------------ $2,457,674 15
Other liabilities, viz.:
Dividends accrued on deposits to January 1. 1916...
Expenses incurred but unpaid, bonds fo r officers----

$16,384 49
37 50

16,421 99
266,272 92

Surplus on market value.......................................................................

Surplus on par value, $314,450.68.

$2,740,369 06
■ ■

CASH TRANSACTIONS DURING THE YEA R 1915
RECEIPTS

Cash on hand and in banks or trust companies January 1,
1915, before transactions of the day...............................................
From depositors, not including dividends credited......................
From interest on loans, deposits andinvestments........................
From rents from banking house.........................................................
From rents from other real estate....................................................




$105,267
346,020
119,674
845
305

20
58
24
00
46

D utchess C o u n ty

83

From mortgages ......................................................................................
From redemption of stocks and bonds..............................................
From all other sources, viz :
C o u n t y c le r k ................................................................................................
T a x e s a n d I n s u r a n c e p r e m iu m s a d v a n c e d , r e f u n d e d .
L a n d c o n t r a c t s ............................................................................................
S u s p e n s e a c c o u n t .....................................................................................

$50
192
250
6

$15,540 00
45,366 67

95
24
00
00

-------------------------------------- 49919
$633,518 34
PAYM ENTS

To depositors, including dividends paid to them...........................
For loans on bonds and mortgages.....................................................
For stocks and bonds purchased, including premiums, com­
missions, etc. (total par value, $49,10 0)......................................
For interest (other than dividend payments to depositors) . . .
For current expenses of the bank, viz.:
F or salaries ..........................................................................
For ta x es: Banking house,$375.20 ;surplus, $2,290.59.
F or expenses, except taxes, o f banking house :
Repairs ..............................................................................
Insurance .........................................................................
Other .................................................................................
For expenses o f other real estate, viz. :
Repairs ..............................................................................
Insurance .........................................................................
Taxes .................................................................................
Other .................................................................................
For other expenses, not including expenses o f other
real estate nor other expenses o f banking h o u se ..

$414,284 42
22,695 00
50,783 09
798 41
•

$5,749 96
2,665 79
448 67
174 66
581 08
20
54
108
3

16
80
06
00

976 47

-------------------------------------- 10,782 65
For real estate acquired by foreclosure, or in settlement of
1,313 36
debts due the bank................................................................................
Other payments, viz.:
County clerk ..........................................................................
Taxes and insurance premiums advanced........................
Suspense account ................................................................

$41 90
1,824 37
7 00

-------------------------------------- 1,873 27
Cash on hand and in banks or trust companies December 31,
1915, aftertransactions of the day.................................................
130,988 14
$633,518 34
.
STATISTICAL INFORMATION
Number of open accounts January 1, 1916......................................
Number of accounts opened or reopened during the year.........
Number of accounts closed during the year......................................
Amount deposited during the year, not including dividends
credited for that period.....................................................................
Amount withdrawn during the year...................................................
Amount of dividends credited and paid for the year, viz.:
M a y 1. 1915.........................................................................................................
N o v e m b e r 1, 1915...........................................................................................
C r e d it e d a t o t h e r p e r io d s ...................................................................

$346,020 58
414,284 42

$47,373 12
46,690 38
7 01

Average amount of each account January 1, 1916......................
Rate per cent, of dividends to depositors during the six months
ending June 30, 1915...........................................................................
Rate per cent, of dividends to depositors during the six months
ending December 31, 1915................................................................
Total earnings of the bank for the year 1915, after allowing
for amortization of premiums and discounts.............................
Total expenses of the bank for the year 1915.................................
Dividends paid to depositors for the year 1915.............................
Net earnings for the year 1915 over expenses and dividends
paid to depositors..................................................................................




5,037
405
413

94.070 51
487 92
4
4
$120,335 59
10,782 65
94.070 51
15,482 43

R eport on S avings B a n k s

84
23.

P A W L IN G S A V IN G S B A N K , P A W L IN G

[Incorporated 1870]
W ILLIA M H. TABER. President.
HENRY D. W ARNER, Vice-President.
W ILLIA M II. OSBORN, Vice-President.
GEORGE A. DANIELS, Treasurer.
HOW ARD N. ALLEN, Secretary.

TRUSTEES
W ILLIA M II. TABER,
HENRY A. HOLMES,
GEORGE H. ADAMS,
HENRY S. WANZER,
M ERRICK D. GREEN,

HOW ARD N. ALLEN,
W ILLIA M II. OSBORN,
GEORGE A. DANIELS,
•FRED C. TABER,

FRAN K
FRANK
ORSON
HENRY
HENRY

A. DENTON,
HOAG,
W. SLOAT,
D. W ARNER,
F. BLESSING.

FINANCIAL
RESOURCES

Bonds and mortgages.....................
Stock and bond investments, viz.:
S to c k s and

bon ds

State o f M assachusetts ___
Cities in other S ta tes.........
Cities in this S tate...............
Counties in this S tate........
Towns in this S tate............
Villages in this State..........
School districts in this State
Railroad mortgage bonds ...

$404,325 00

Par
value
$10,000 00
40.000 00
39,400 00
15.000 00
27.000 00
64,020 00
48,600 00
113,000 00
$357,020 00

Estimated
Original
cost
market value
$10,900 00
$9,300 00
41,302 00
40,750 00
40,699 35
38,158 50
16,200 00
14,850 00
28,069 40
28,0-0 00
65,094 51
63,290 80
49,924 70
49,177 50
119,610 45
93,400 00
$371,800 41

$337,006 80

337,006 80
Banking
actual
Cash on
Cash on
Total of

house and lot, book value, $10,000; cost, $10,825.54;
cash value ................................................................................
deposit in banks or trust companies...............................
hand .............................................................................................
collectible interest.....................................................................

6,000 00
52,950 31
2,009 57
9,047 48
$811,339 16

L IA B IL IT IE S

Amount due depositors, viz.:
Principal .................................................................................
Dividends credited or to be credited for the six
months ending with December 31, 1915

$748,616 62
13,76870

------------------

$762,385 32

Other liabilities, v iz.:
Expenses incurred, but unpaid :
'Salaries ............................................................................
Calendars .........................................................................

Surplus

on market value

$110 00
42 25

-------------------------------------- 15225
.................................................
4S,801 59
$811,339 16

Surplus on par value, $68,814.79.
GASH TRANSACTIONS DURING THE YEAR 1915
RECEIPTS

Cash on hand and in banks or trust companies January 1,
1915, before transactions of the day.................................................
From depositors, not including dividends credited....................
From interest on loans, deposits and investments......................
From mortgages .........................................................................................
From redemption of stocks and bonds...............................................




$52,934
132,826
35,801
9,500
17,020

25
20
28
00
00

$248,081 73

D utchess C o u n ty

85

PAYMENTS
To depositors, including dividends paid to them
For loans on bonds and mortgages........................
For current expenses of the bank, viz.:
For salaries .........................................................................
For taxes : Banking house, $152.72 ; surplus, $360.88 ;
For expenses, except taxes, o f banking h o u se :
Repairs ........................................................................
Insurance .........................................................................
Other .................................................................................
For other expenses, not including expenses o f other
real estate nor other expenses o f banking h ou se..

$153,148 92
36,400 00
$2,143 25
513 60
68 21
15 0 0
85 88
746 99

3,572 93
Cash on hand and in banks or trust companies December 31,
1915, after transactions of the day...............................................

54,959 88
$248,081 73

STATISTICAL INFORMATION
Number of open accounts January 1, 1916......................................
Number of accounts opened or reopened during the year...........
Number of accounts closed during the year...................................
Amount deposited during the year, not including dividends
credited for that period........................................................................
Amount withdrawn during the year.................................................
Amount of dividends credited and paid for the year, viz.:
July 1, 1915 ...........................................................................
January 1, 1916 .....................................................................

$132,826 20
153,148 92

$13,663 49
13,768 70

Average amount of each account January 1, 1916......................
Rate per cent, of dividends to depositors during the six
months ending June 30, 1915..........................................................
Rate per cent, of dividends to depositors during the six
months ending December 31, 1915.................................................
Total earnings of the bank for the year 1915, after allowing
for amortization of premiums and discounts.............................
Total expenses of the bank for the year 1915.................................
Dividends paid to depositors for the year 1915.............................
Net earnings for the year 1915 over expenses and dividends
paid to depositors ................................................................................




2,081
224
195

27.432 19
366 34
3 &4
3 &4
$35,606 70
3,725 18
27.432 19
4.4 49 33

86

R eport on S avings B a n k s
24.

P O U G H K E E P S IE S A V IN G S B A N K , P O U G H K E E P S IE
[21

and

23

M arket

stre e t;

F L O Y M . J O H N S T O N , P r e s id e n t .
E D W A R D S . A T W A T E R , V i c e -P r e s .
C H A R L E S F . C O S S U M , V i c e -P r e s .

in c o r p o r a t e d

1831]

J. F R E D L O V E J O Y , T reasu rer.
H A R R Y E . M E E K S , A s s t. T reasu rer.

TRUSTEES
F R A N K B. LOW N,
H EN RY V. PELTON,
E D W A R D S. A T W A T E R ,
H E N R Y E. LO SEY,

W M . T. R EYN O LD S,
J O H N C. O T IS ,
FL O Y M . JO H N STO N ,
G U IL F O R D D U D L E Y .
JA M ES H . YOUNG,

C H A R L E S F. COSSU M .
C L A R E N C E W . P IE R C E ,
W I L l .E T E . H O Y S R A D T ,
H EN RY BOOTH,

FIN AN CIAL
RESOURCES

Bonds and mortgages................................................................................ $7,938,815 65
Stock and bond investments, viz.:
Par
value
State o f Idaho .....................
$50,000 00
State o f Massachusetts . . . .
200,000 00
90,000 00
State o f Utah ......................
Cities in other States.........
578,500 00
Cities in this State.............. 2,144,916 25
Counties in this State..........
287,500 00
Towns in this State.....
138,682
99
Villages in this S ta te...........
874,269 31
School districts in this State
235,400 00
R ailroad mortgage bonds .. 2,023,000 00
S to c k s and bon ds

$6,622,268 55

Original
Estimated
cost
market value
$49,160 00
$48,500 00
215,460 00
185,000 00
90,054 50
86,400 00
604,980 63
566,420 00
2,208,682 74
2,099,530 63
308,193 00
286,935 00
144,086 86
140,687 14
894,433 91
873,812 53
245,022 43
238,956 50
2,066,723 09
1,669,950 00
$6,826,797 16

$6,196,191 80

------- =°— = -----=........
•
Loans upon pledge of securities............................................................
Banking house and lot, book value, $130,000; cost,. $193,328.60; actual cash value.................................................................
Cash on deposit in banks or trust companies...............................
Cash on hand ................................................... . . ................... ...................
Total of collectible interest.................................................................
Amount of all other assets, viz.:
Land contracts .....................................................................
Cherry Street Realty Company accoun t......................
Taxes advanced ...................................................................

J , 196,191 80
900 O
O
130,000
576,868
114,566
175,898

00
52
78
45

$1,693 00
21,889 16
43 98

-------------------------------------- 23,626 14
$15,156,867 34
L IA B IL IT IE S

Amount due depositors, viz.:
P r in c ip a l ............................................................................................................ $14,028,609 46
D iv id e n d s c r e d ite d o r t o be c r e d ite d f o r t h e s ix
m o n t h s e n d in g w i t h D e c e m b e r 31, 1915 .............................
270,110 21

------------------ $14,298,719 67
Surplus on market value.........................................................................
858,147 67

Surplus on par value, $1,284,224.42.

$15,156,867 34
1

CASH TRANSACTIONS DURING THE YEA R 1915
R E C E IP T S

Cash on hand and in banks or trust companies January 1,
1915, before transactions of the day...............................................
From depositors, not including dividends credited......................
From interest on loans, deposits and investments.........................
From rents from other real estate........................................................
From mortgages .........................................................................................
From redemption of stocks and bonds...............................................
From stocks and bonds sold (total par value, $ 1 0,00 0)..............
From real estate sold...............................................,................................




$545,765
2,1 3 4 ,2 4 2
662,841
858
670,090
188,012
10,000
110,000

17
04
73
00
14
73
00
00

D utchess C o u n ty

87

From all other sources, viz.:
Taxes and insurance premiums advanced refunded.
Attorney and examination fees.......................................
Cherry Street Realty Company accoun t......................
Land contracts .....................................................................

$11,960
2,231
11,148
27

13
03
39
00

$25,366 55
$4,347,176 36
PAYM ENTS

To depositors, including dividends paid to them............................. $2 ,606,186 55
For loans on bonds and mortgages.....................................................
827,177 60
For stocks and bonds purchased, including premiums, commis­
sions, etc. (total par value, $26,820.98)......................................
27,066 86
For interest (other than dividend payments to depositors)
141 02
For current expenses of the bank, viz.:
For salaries ..........................................................................
For ta x e s : Banking house, $1,888 ; surplus, $7,037.83 .
F or expense, except taxes, o f banking h o u se :
Repairs ..............................................................................
Insurance .........................................................................
Other .................................................................................
For expenses of other real estate, v i z .:
Repairs .............................................................................
Insurance .........................................................................
Taxes ................................................................................
Other...................................................................................
F or other expenses, not including expenses of other
real estate nor other expenses o f banking house..

$21,031 67
8,925 83
619 12
7 00
607 46
42
47
1,145
217

47
04
36
54

6,109 92

38,753 41
For real estate acquired by foreclosure, or in settlement of debts
due the bank ...........................................................................................
Other payments, viz.:
Taxes and insurance premiums advanced...................
Cherry Street Realty Company accoun t......................
Cash short ...........................................................................
Overcharges o f interest refunded..................................
Loss on mortgage satisfied...............................................

$11,525
9,824
173
1,335
90

133,466 75

80
18
00
89
00

22,948 87
Cash on hand and in banks or trust companies December 31,
1915, after transactions of the day.................................................

691,435 30
$4,347,176 36

STATISTICAL INFORMATION
Number of open accounts January 1, 1916......................................
27,739
Number of accounts opened or reopened during the year...........
3,575
Number of accounts closed during the year......................................
2,493
Amount deposited during the year, not including dividends
credited for that period..................................................................... $2,134,242 04
Amount withdrawn during the year...................................................
2,6 06,1 86 55
Amount of dividends credited and paid for the year, viz.:
July 1, 1915 ...........................................................................
January 1, 1916 .....................................................................
Credited at other periods.................................................

$267,785 47
270,110 21
10 28

Charged.....................................................................................

$537,905 96
33 36

-----------------Average amount of each account January 1, 1916........................
Rate per cent, of dividends to depositors during the six months
ending June 30, 1915...........................................................................
Rate per cent, of dividends to depositors during the six months
ending December 31, 1915............................... ...................................
Total earnings of the bank for the year 1915, after allowing
for amortization of premiumsanddiscounts...................................
Total expenses of the bank fortheyear 1915............
Dividends paid to depositors for the year 1915.............................
Net earnings for the year 1915 over expenses and dividends
paid to depositors..................................................................................




537,872 60
515 47
4
4
657,102 76
38,753 41
537,872 60
80,476 75

88

R epoet on S avings B an ks
25.

RHINEBECK SAVINGS BANK, RHINEBECK

[15 M ontgomery stre e t; incorporated 1860]
AUGUSTUS M. TR AV E R , President.
M ARTIN HEERMANCE. Vice-Pres.
M. V. B. SCHRYVER, Vice-President.
THADDEUS A. TR AVER, Treasurer.

TRUSTEES
AUGUSTUS M. TRAVER,
M. V. B. SCHRYVER,
THAD. A. TRAVER,
M ARTIN IIEERMANCE,
A. LEE WAGER,

JAS. S. ARMSTRONG,
W ILLIA M R. CARROLL,
M AN DEVILLE S. FROST,
ELM ER COON,
CHAS. B. HOFFMAN,

EUGENE P. BUDD,
CHARLES FERRIS,
TRACY DOWS,
MARCUS M. LOWN,
JOHN P. HERMANS,

FIN AN CIAL
RESOURCES

Bonds and mortgages...............................................
Stock and bond investments, viz.:
Par
S to c k s and

O r ig in a l
cost

v a lu e

bon ds

$10,000
4.000
10,000
60,000
102,650
8,000
27,300
115,585
143,000

U n i t e d S t a t e s ...........................
S ta te o f M a s s a c h u s e tts ..
S t a t e o f L o u i s i a n a ................
C it ie s in o th e r S t a t e s .........
C it ie s in t h is S t a t e ..............
C o u n t ie s in t h is S t a t e ___
Towns in t h i s S t a t e ..............
V i l l a g e s in t h is S t a t e .........
R a ilr o a d m o r t g a g e b o n d s .

$363,542 25

00
00
oo
00
00
00
00
40
00

$480,535 40

E s tim a te d
m a r k e t v a lu e

$12,050
4,185
9,975
65,415
107,773
9,165
28,303
122,955
148,926

$11,000
3,81
0
10,560
59,080
101,435
7,980
27,355
114,313
130,650

00
00
00
90
00
00
50
15
55

$508,749 10

00
00
00
00
00
00
00
64
00

$466,213 64

466,213 64
B a n k in g

h o u se

and

lo t,

book

v a lu e ,

$ 5 ,0 0 0 ;

co st,

$ 1 0 ,1 1 1 .2 0 ;

actual cask value
Cash on deposit in banks or trust companies.................................
Cash on hand.............................................................................................
Total of collectible interest...................................................................
Amount of all other assets, v iz.: Taxes and insurance pre­
miums advanced

5,000
41,400
14,017
11,155

00
16
17
57

20 30
$901,355 09

L IA B IL IT IE S

Amount due depositors, viz.:
Principal .................................................................................
Dividends credited or to be credited for the six
months ending with December 31, 1915......................

$831,942 71
15,150 44

-----------------Surplus on market value.........................................................................

$847,093 15
54,261 94
$901,355 09

Surplus on par value, $68,583.70.

CASH TRANSACTIONS DURING THE YEA R 1915
RECEIPTS

Cash on hand and in banks or trust companies January 1,
1915, before transactions of the day...............................................
From depositors, not including dividends credited......................
From interest on loans, deposits and investments........................
From mortgages.........................................................................................
From redemption of stocks and bonds...............................................
From all other sources, viz.: Taxes and insurance premiums
advanced, refunded................................................................................




$38,946
10S,981
39,471
16,142
23,650

36
88
05
32
00

148 40
$227,340 01

D utchess C o u n ty

89

PAYM ENTS

To depositors, including dividends paid to them...........................
For loans on bonds and mortgages.....................................................
For stocks and bonds purchased, including premiums, commis­
sions, etc. (total par value, $5,068.75)........................................
For interest (other than dividend payments to depositors) . . .
For current expenses of the bank, viz.:
For salaries .........................................................................
For taxes : Banking house, $124.75 ; surplus, $439.93 ;
on mortgages, $9 ...............................................................
For expenses, except taxes, o f hanking house :
Repairs................................................................................
Insurance. . . . ................................................................
Cther...................................................................................
For other expenses, not including expenses of other
real estate nor other expenses o f banking house..

$127,394 25
34,850 00
5,068 75
38 89

$3,175 00
573 68
2 85
27 20
10 50
618 62

4,407 85
Other payments, viz.: Taxes and insurance premiums ad­
vanced, refunded
Cash on hand and in banks or trust companies December 31,
1915, after transactions of the day.................................................

162 94
55.417 33
$227,340 01

STATISTICAL INFORMATION
Number of open accounts January 1, 1916......................................
Number of accounts opened or reopened during the year...........
Number of accounts closed during the year...................................
Amount deposited during the year, not including dividends
credited for that period.......................................................................
Amount withdrawal during the year.................................................
Amount of dividends credited and paid for the year, viz.:
July 1. 1915 ...........................................................................
January 1, 1916 ....................................................................

$ 1 0 8 ,9S1 88
127,394 25

$15,063 12
15,150 44

Average amount of each account January 1, 1916........................
Rate per cent, of dividends to depositors during the six months
ending June 30, 1915...........................................................................
Rate per cent, of dividends to depositors during the six months
ending December 31, 1915...................................................................
Total earnings of the bank for the year 1915, after allowing
for amortization of premiums and discounts.............................
Total expenses of the bank for the year 1915.................................
Dividends paid to depositors for the year 1915.............................
Net earnings for the year 1915 over expenses and dividends
paid to depositors..................................................................................




2,908
198
234

30.213 56
291 29
3 and 4
3 and 4
$38,304 56
4.407 85
30.213 56
3,683 15

90

R epoet on S avin gs B a n k s
26.

W A P P IN G E R

S A V IN G S B A N K , W A P P IN G E R S F A L L S

[2 Mill street; incorporated 1869]
JAMES R. BARLOW , President.
W ILLIA M A. B REW STER, Treasurer.
I. T. N. 'HARCOURT, Vice-President.
.T. W. CORNELL. Asst. Treasurer.
CHARLES T. JONES, Vice-President.
W ILLIA M K. ROY, Secretary.

TRUSTEES
JOHN H. DAKIN,
WM. A. BREW STER,
W IL L IA M K. ROY,
JAMES R. BARLOW,

J. W YCKOFF CORNELL,
JOHN H. W IXSON,
GEORGE H. ANGELL,
CHARLES T. JONES,
R. H. BREED.

THOMAS J. CASHIN.
W ILLIA M J. W ORKMAN,
I. T. N. HARCOURT,
G. A. CUNNINGHAM,

FIN AN CIAL
RESOURCES

Bonds and mortgages..............................................
Stock and bond investments, viz.:
S to c k s and bon ds

Cities in this State...............
Counties in this S tate........
Towns in this State..............
Villages in this S tate..........
School districts in this State
Railroad mortgage bonds ..

Par
value
$7,426 67
58,746 69
21,400 (X
I
41,100 00
29,500 00
104,000 00
$262,173 36

$396,185 00

Original
Estimated
cost
market value
$7,576 07
$6,849 73
59,254 69
57,346 69
22,706 28
21,012 00
42,026 00
42,034 98
29,775 00
30,075 70
90,780 00
107,291 25
$268,938 97

$247,789 42

Cash on deposit in banks or trust companies.................................
Cash on hand...............................................................................................
Total of collectible interest.....................................................................
Amount of all other assets, viz.: New York State barge canal
judgments ...............................................................................................

247,789
47,109
3,091
10,019

42
79
71
86

4 ,1 30 00
$708,325 78

L IA B IL IT IE S

Amount due depositors, viz.: Principal..........................................
Other liabilities, viz.:
Dividends accrued on deposits to
January 1, 1916.......................................................................................
Surplus on market value.........................................................................

$663,280 27
6,400 00
38,645 51
$708,325 78

Surplus on par value, $53,029.45.
CASH TRANSACTIONS DURING THE YEA R 1915
RECEIPTS

Cash on hand and in banks or trust companies January 1,
1915, before transactions of the day...............................................
From depositors, not including dividends credited........................
From interest on loans, deposits and investments........................
From rents from other real estate.......................................................
From mortgages .........................................................................................
From redemption of stocks and bonds.................................................
From real estate sold................................................................................
From all other sources, viz.: Insurance rebate......................

$47,043
127,633
33,412
224
9,957
60,900
5,700
5

89
45
55
00
00
00
00
55

$284,876 44
PAYM ENTS

To depositors, including dividends paid to them...........................
For loans on bonds and mortgages.....................................................
For stocks and bonds purchased, including premiums, commis­
sions, etc. ( total par value, $49,246.69)......................................
For interest (other than dividend payments to depositors)..




$152,645 70
23,000 00
49,543 19
1,090 63

91

D utchess C o u n ty
For current expenses of the bank, viz.:
For
For
F or
F or

salaries
..................................................................
taxes : 'Surplus,$389.33 ; on mortgages, $24..........
rent o f banking room s..............................................
expenses o f other real estate, v i z .:
Repairs .............................................
T a x e s .................................................................................
Other .................................................................................
F or other expenses, not including expenses of other
real estate nor other expenses o f banking house..

$2,650 00
413 33
180 00
28 48
195 25
11 60
614 26

$4,092 92

Other payments, viz.:
Commission on sale o f real estate..................................
A ttorney’ s fees ...................................................................
New York State barge canal judgm ents purchased.

$142 50
30 00
4,130 00

4,302 50
Cash on hand and in banks or trust companies December 31,
1915, after transactions of the day...............................................

50,201 50
$284,876 44

STATISTICAL INFORMATION
Number of open accounts January 1, 1916......................................
Number of accounts opened or reopened during the year...........
Number of accounts closed during the year......................................
Amount deposited during the year, not including dividends
credited for that period.....................................................................
Amount withdrawn during the year...................................................
Amount of dividends credited and paid for the year, viz.:
A pril 1, 1915 ...........................................................................
October 1, 1915 .....................................................................

201
185
$127,633 45
152,645 70

$12,792 88
12,649 85

Average amount of each account January 1, 1916......................
Rate per cent, of dividends to depositors during the six months
ending June 30, 1915............................................................................
Rate per cent, of dividends to depositors during the six months
ending December 31, 1915...................................................................
Total earnings of the bank for the year 1915, after allowing
for amortization of premiums and discounts.............................
Total expenses of the bank for the year 1915.................................
Dividends paid to depositors for the year 1915.............................
Net earnings for the year 1915 over expenses and dividends
paid to depositors..................................................................................




1,721

25.442 73
385 40
4
4
$32,741 41
4,265 42
25.442 73
3,033 26

ERIE COUNTY
27.

A M E R I C A N S A V I N G S B A N K OF B U F F A L O , B U F F A L O

[215 Main street; incorporated 1907]
H E RBERT A. ME'LDRUM, President.
CHARLES .T. F IX , Vice-President.
JOHN M. SATTE R FIELD , Vice-Pres.
W ILLIA M P. LUEDEKE, Secretary.

TRUSTEES
FRAN K X. ARGUS,
CHAS. AN TON IAZZI,
W ILLIAM T. A TW A TE R,
GEORGE K. BIRGE,
ALFRED II. BURT,
MYRON P. BUSH,
EDW ARD H. BUTLER.
CHARLES J. F IX ,

F. E. FRONCZAK.
L. P. FUHRMANN,
JAMES HANRAHAN,
ROBERT H. HEUSSLER,
WM. IT. HOTCHKISS,
DUDLEY M. IRWIN,
B ERT L. JONES,

WM. P. LUEDEKE.
NORMAN E. MACK,
,T. M. S A TTE R FIELD ,
THOMAS STODDART.
CHAS. W. TOYNBEE,
H. A. MELDRUM,
G. M. ZIM M ERMAN.
J. G. W ALLE N M E IE R , Jn.

FIN AN CIAL
RESOURCES

Bonds and mortgages................................................................................ $1 ,470 ,65 0 00
Stock and bond investments, v iz.:
Par
value
530.000 00
65,000 00
158,593 85
33,000 00
77,000 00
363,000 00

S to c k s and bon ds

■State o f New M exico..........
Cities in other States..........
Cities in this S tate..............
Towns in this S tate............
Villages in this State..........
R ailroad mortgage bon d s...

5726,593 85

Original
Estimated
cost
market value
529,333 86
5?9,700 00
66,771 77
66,025 00
157,105 37
158,632 20
34,073 08
33, 630 00
77,005 57
77,030 00
358, 638 01
338,100 00
5722,927 66

5703,117 20

703,117
181,945
12,290
18,485

Cash on deposit in banks or trust companies.................................
Cash on hand...............................................................................................
Total of collectible interest.....................................................................
Amount of all other assets, viz.: New York State barge canal
judgments ................................................................................................

20
25
28
67

5,404 88
$2,391,902 28

L IA B IL IT IE S

Amount due depositors, viz.:
Principal ................................................................................. 52,314,046 26
Dividends credited or to be credited for the six
months ending with December 31, 1915
43,415 15

------------------ $2,357,461 41
Surplus on market value.........................................................................
34,440 87
$2,391,902 28
Surplus on par value, $57,917.52.
CASH TRANSACTIONS DURING THE YEA R 1915
RECEIPTS

Cash on hand and in banks or trust companies January 1,
1915, before transactions of the day...............................................
From depositors, not including dividends credited......................
From interest on loans, deposits and investments............. : . . . .
From mortgages...........................................................................................
From redemption of stocks and bonds...............................................
From stocks and bonds sold (total par value, $ 5 1.00 0).............
From all other sources, viz.: Collections and exchange.............




$137,920
9 3 5 ,S68
111,943
142,770
17,678
51,142
182

62
42
14
00
00
69
96

$1,397,505 83

[92]

93

E rie C o u n ty
PAYM EN TS

To depositors, including dividends paid to them...........................
For loans on bonds and mortgages.....................................................
For stocks and bonds purchased, including premiums, commis­
sions, etc. (total par value, $123,200)..........................................
For interest (other than dividend payments to depositors)
For current expenses of the bank, viz.:
For salaries ..........................................................................
For taxes : Surplus............................................................
For rent o f banking room s.............................................
For other expenses, not including expenses o f other
real estate nor other expenses o f banking house..

$848,947 41
211,850 00
122,646 84
1,691 14

$6,331 40
21 67
4,000 00
2,473 94

12,827 01
Other payments, viz.: New York State barge canal judgments
purchased ................................................................................................
Cash on hand and in banks or trust companies December 31,
1915, after transactions of the day.................................................

5,298 90
194,244 53
$1,397,505 83

STATISTICAL INFORMATION
Number of open accounts January 1, 1916........................................
Number of accounts opened or reopened during the year...........
Number of accounts closed during the year......................................
Amount deposited during the year, not including dividends
credited for that period.......................................................................
Amount withdrawn during the year...................................................
Amount of dividends credited and paid for the year, viz.:
July 1, 1915 ...........................................................................
January 1. 1916 ...................................................................
Credited at other periods.................................................

$935,868 42
848,947 41

$42,173 12
43,355 33
130 20

Average amount of each account January 1, 1916........................
Number of accounts which exceeded $3,000, exclusive of divi­
dends credited, at the last trial balance of depositors’
ledgers, except deposits arising from society accounts, or
judicial sales, or trust funds, or by order of a court of
record or of a surrogate.....................................................................
Total amount of such accounts............................................................
Rate per cent, of dividends to depositors during the six months
ending June 30, 1915...........................................................................
Rate per cent, of dividends to depositors during the six months
ending December 31, 1915...................................................................
Total earnings of the bank for the year 1915, after allowing
for amortization of premiums and discounts.............................
Total expenses of the hank for the year 1915.................................
Dividends paid to depositors for the year 1915.............................
Net earnings for the year 1915 over expenses and dividends
paid to depositors..................................................................................




5,685
1,881
1,402

85,658 65
414 68

2
$6,048 64
4
4
$110,336 12
12,827 01
85,658 65
11,850 46

R epoet on S avin gs B a n k s

94
28.

B U F F A L O S A V IN G S B A N K , B U F F A L O

[545 M ain street;
E. CORNING TOWNSEND, President.
CHARLES L. GURNEY, Vice-Pres.
SEYMOUR P. W H ITE , Vice-Pres.

incorporated 1846]
GEORGE D. SEARS, Secretary.
F. X. W ANEMACHER, Treasurer,
CHARLES DENNY, Asst. Secretary.

TRUSTEES
E. CORNING TOWNSEND,
WM. H. GLENNY,
GEORGE B L EiST E IN .
RICH ARD E. GAVIN.
CHARLES L. GURNEY,

JOHN L. CLAWSON,
SEYMOUR P. W H ITE,
HENRY M. GERRANS,
De w i t t c l i n t o n ,
C. B. PORTER,

JOHN B. OLMSTED,
JOHN A. MANN,
WM. HUDSON,
HUGH KENNEDY.
EDW ARD L. KOONS.

FIN AN CIAL
RESOURCES

Bonds and mortgages......................
Stock and bond investments, viz.:

$2 0,023,823 51

Par
value
State o f California ..............
$101,000 00
State o f Louisiana ..............
100,000 00
Cities in other States.......... 5,962,500 00
Cities in this State.............. 3,199,953 33
Counties in this State.........
540,500 00
Towns in this State..............
79,000 00
176,370 30
Villages in this State............
School districts in this State
103,000 00
R ailroad mortgage bonds .. 6,035,000 00

Original
Estimated
cost
market value
$96,328 75
$9-4,940 00
109,655 00
104,500 00
6,238,137 36
5,972,951 00
3,323,700 14
3,223,189 63
547,415 00
553,837 17
84,332 50
77,420 00
178,355 33
168,907 33
104,905 00
103,420 00
7,035,910 40
5,879,330 00

S to c k s and bon ds

96

$16,297,323 63

$17,725,161 65

$16,172,076

.........................

—

= = = = =

—

Banking house and lot, book value, $250,000; cost, $583,734.76
actual cash value.....................................................................................
Other real estate, book value, $247,735.52; cost, $247,735.52;
actual cash value..................................................................................
Cash on deposit in banks or trust companies. ................................
Cash on hand................................................................................................
Total of collectible interest.....................................................................

16, 172,076 96
583,734 76
247.735
3,6 3 1 ,3 8 0
350,200
324,249

52
67
52
76

$41,333,201 70
L IA B IL IT IE S

Amount due depositors, viz.:
Principal .................................................................................$37,562,910 59
Dividends credited or to be credited for the six
months ending with December 31, 1915......................
717,168 32

------------------ $38,280,078 91
Surplus on market value .......................................................................
3,053,1 22 79
$41,333,201 70
Surplus on par value, $3,178,369.46.

CASH TRANSACTIONS DURING THE YEA R 1915
RECEIPTS

Cash on hand and in banks or trust companies January 1,
1915, before transactions of the day............................................... $2,490,599 91
From depositors, not including dividends credited......................... 9,4 90,8 85 47
From interest on loans, deposits andinvestments..........................
1,884,547 60
From rents from other real estate.....................................................
19,204 00
From m ortgages.................... ....................................................................
725,179 01
From redemption of stocks and bonds...............................................
988,045 53
From real estate sold...............................................................................
100,300 00




E rie C o u n ty

95

From all other sources, viz.:
Rebate on electric light bills............................................
Land contracts ...................................................................

$12 30
4,347 00

------------------

$4,359 30
$1 5,70 3,1 20 82

PAYMENTS
To depositors, including dividends paid to them............................. $10,105,401 00
1,469,S7S 07
For loans on bonds and mortgages.....................................................
For interest (other than dividend payments to depositors) . . . .
05 52
For current expenses of the bank, viz.:
For salaries .........................................................................
For t a x e s : Banking house, $16,161.19; surplus,
$20,795.03 ................................................................................
F or expense, except taxes, o f banking house:
Insurance ..........................................................................
Repairs ..............................................................................
Other .................................................................................
For expenses o f other real estate, v i z .:
Repairs................................................................................
Insurance...........................................................................
Taxes .................................................................................
Other .................................................................................
F or other expenses, not including expenses of other
real estate nor other expenses o f banking h ou se..

$67,467 74
36,956 22
1,306 97
558 14
9,746 55
2,818
396
5,756
3,122

63
33
22
82

15,005 42

143,13-5 04
For real estate acquired by foreclosure, or in settlement of
debts due the bank................................................................................
Other payments, viz.: Amount advanced on option, refunded
Cash on hand and in banks or trust companies December 31,
1915, after transactions of the d a y . . . .........................................

2,500 00
500 00
3,981,581 19
$15,703,120 82

STATISTICAL INFORMATION
Number of open accounts January 1, 1916........................................
66,054
Number of accounts opened or reopened during the year...........
11,694
Number of accounts closed during the year......................................
9,523
Amount deposited during the year, not including dividends
credited for that period....................................................................... $9,490,885 47
Amount withdrawn during the year................................................... 10,105,461 00
Amount of dividends credited and paid for the year, viz.:
July 1, 1915 ...........................................................................
January 1, 1916 ...................................................................
Credited at other period s................................................
Paid but not credited-.........................................................

$714,001
717,168
9,628
65

95
32
08
52

1,440,863 87
579 53
Average amount of each account January 1, 1916......................
Number of accounts which exceeds $3,000, exclusive of divi­
dends, at the last trial balance o$ depositors’ ledgers, except
deposits arising from society accounts, or judicial sales, or
trust funds, or by order of a court of record or of a surrogate
3
Number of accounts which exceeded $3,000, exclusive of in­
terest dividends, at the last trial balance of depositors’
ledgers, except deposits arising from society accounts, or
judicial sales,- or trust funds, or by order of a court of
record or of a surrogate.....................................................................
3
Total amount of such accounts..............................................................
$10,464 93
Rate per cent, of dividends to depositors during the six months
ending June 30, 1915...........................................................................
4
Rate per cent, of dividends to depositors during the six months
ending December 31, 1915...................................................................
4
Total earnings of the bank for the year 1915, after allowing
for amortization of premiums and dsicounts............................. $1 ,798,633 40
Total expenses of the bank for the year 1915.................................
143,135 04
Dividends paid to depositors for the year 1915.............................
1,440,863 87
Net earnings for the year 1915 over expenses and dividends
214,634 49
paid to depositors.......................................................................




R eport on S avings B an k s

96
29.

ERIE COUNTY SAVINGS BANK, BUFFALO

[M ain, Niagara, Church and Pearl streets; incorporated 1854]
ROBERT S. DONALDSON, President.
ROBERT D. YOUNG, Treasurer.
G. B A R R E T T RICH, Vice-President.
STEPHEN B. LEE, Asst. Treasurer.
GEORGE R. HOW ARD, Vice-President.

TRUSTEES
ROBT. S. DONALDSON,
GEORGE L. W ILLIAM S,
W ILLIA M A. ROGERS,
G. B A R R ETT RICH,
GEORGE R. HOWARD,

L. D. RUMSEY.
CARLTON M. SMITH,
THOS. T. RAMSDELL,
JOHN W. ROBINSON,
II. W. SPRAGUE,

W H ITN E Y G. CASE,
ROBERT D. YOUNG.
GEORGE C. GINTHER.
JOHN K. W ALK E R ,
E. II. HUTCHINSON.

FINANCIAL
RESOURCES

Bonds and mortgages................................................................................ $32,274,150 00
Stock and bond investments, viz.:
Tar
and bonds
value
Alabama .................
$300,000 00
Massachusetts ___
500,000 00
other States............ 3,282,000 00
this S tate............. 8,078,610 09
130,000 00
in this State........
mortgage b on d s... 10,175,000 00

S to c k s

State o f
State of
Cities in
Cities in
Counties
Railroad

Original
Estimated
cost
market value
$320,345 00
$300,000 00
560,625 00
465,000 00
3,432,899 95
3,180,900 00
8,212,802 58
7,723,282 27
130,000 00
129,700 00
10,748,732 30
8,850,320 00

$22,465,640 09 $23,405,404 83 $20,649,202 27

— — ........— ----- ■ ■ ----------- - 20,649,202 27
■
Loans upon pledge of securities............................................................
65,000 00
Banking house and lot, book value, $1,196,057.43; cost, $1,196,057.43; actual cask value..................................................................
1,196,057 43
Other real estate, book value, $78,850.95; cost, $78,850.95;
actual cash value....................................................................................
78,S50 95
3,488,071 48
Cash on deposit in banks or trust companies.................................
Cash on h a n d ................................................................................................
169,584 94
Total of collectible interest.....................................................................
656,830 64
Amount of all other assets, viz.: Rents accrued........................ ..
2,396 23
$58,580,143 94
L IA B IL IT IE S

Amount due depositors, v iz.:
Principal .................................................................................$54,248,112 75
Dividends credited or to bo credited for the six
months ending with December 31, 1915...................... 1,029,827 42

------------------$55,277,940 17
Surplus on market value.........................................................................
3,302,2 03 77
$58,580,143 94
Surplus on par value, $5,118,641.59.
CASH TRANSACTIONS DURING THE YEA R 1915
RECEIPTS

Cash on hand and in banks or trust companies January 1,
1915, before transactions of the day.............................................. $3,296,590 18
From depositors, not including dividends credited..................... 12,432,520 69
From interest on loans, deposits and investments........................
2,495,507 01
From rents from banking house............................................................
57,999 96
From rents from other real estate........................................................
695 63
From mortgages...........................................................................................
967,645 00
From redemption of stocks and bonds..............................................
257,625 46
From loans paid.........................................................................................
75,000 00
From real estate sold........... ....................................................................
6,744 23




E

r ie

County

97

From all other sources, viz :
$255 77
10 85

P r o f it o n s a l e o f r e a l e s t a t e
S a le o r ir o n a n d l a p m s ............

----------

$266 62
$1 9,59 0,5 94 78

PAYM ENTS

To depositors, including dividends paid to them.............................$1 3,853,550 56
For loans on bonds and mortgages.....................................................
1,8 21,460 00
For loans on stocks and bonds and other securities....................
65,000 00
For current expenses of the bank, viz.:
F or salaries ..........................................................................
F or t a x e s : Banking house, $25,931.43 ; surplus,
$20,167.26 ................................................................................
F or expenses, except taxes, o f banking h o u se :
Repairs .............................................................................
Insurance .........................................................................
Other .................................................................................
F or expenses o f other real estate, v i z .:
Repairs .............................................................................
Insurance .........................................................................
Taxes .................................................................................
For other expenses, not including expenses o f other
real estate nor other expenses o f banking house..

$66,533 33
46,098 69
5,830 72
2,310 33
25,581 77
283 00
311 60
1,760 95
19,621 47

168,331 86
For real estate acquired by foreclosure, or in settlement of
debts due the bank................................................................................
Cash on hand and in banks or trust companies December 31,
1915, after transactions of the day.................................................

24,595 94
3 ,6 57,6 56 42
$1 9,590,594 78

STATISTICAL INFORMATION'
Number of open accounts January 1, 1916......................................
92,265
Number of accounts opened or reopened during the year...........
14,061
Number of accounts closed during the year....................................
13,354
Amount deposited during the year, not including dividends
credited for that period....................................................................... $12,432,520 69
Amount withdrawn during the year................................................. 13,853,550 56
Amount of dividends credited and paid for the year, viz.:
July 1, 1915 ........................................................................... $1,025,670 15
January 1, 1916 ..................................................................... 1,029,827 42
Credited at other periods..................................................
727 61

2.0 5 6 .2 2 5 18
599 12
Average amount of each account January 1, 1916.........................
Rate per cent, of dividends to depositors during the six months
ending June 30, 1915............................................................................
4
Rate per cent, of dividends to depositors during the six months
ending December 31, 1915...................................................................
4
Total earnings of the bank for the year 1915, after allowing
for amortization of premiums and discounts............................... $2,534,721 98
Total expenses of the bank for the year 1915..................................
168,331 86
Dividends paid to depositors for the year 1915.............................
2 .0 56.2 25 18
Net earnings for the year 1915 over expenses and dividends
paid to depositors..................................................................................
310,164 94




98

R
30.

epoet

on

S a v in g s B a n k s

T H E W E S T E R N S A V IN G S B A N K , B U F F A L O

[438 Main stre e t; incorporated 1851]
A L B E R T J. W H EELER, President.
HOW ARD H. BA K E R , Vice-President.
HENRY ERB, Vice-President.
FRAN K LIN W. H. BECKER, Treas.

TRUSTEES
HENRY ERB,
• HENRY E. BOLDER,
A L B E R T J. W H EELER,
W ILLIAM F. WENDT,
HOW ARD H. BAKER,
F. W. H. BECKER,
CHARLES DIEBOLD, J r ., W ILLIAM SIMON,
EDW ARD A . E ISE LE ,
& LEW IS J. HEINTZ,

CHAS. H. DONALDSON.
EDW. E. COATSW ORTH,
GEO. D. MONTGOMERY,
GROVER W . W ENDE,
T
HENRY R. HOFFELD.

FIN AN CIAL
RESOURCES

Bonds and mortgages................................................................................ $5,058,945 00
Stock and bond investments, viz.:
Par
S to c k s and bon d s
value
Cities in other States.........
$575,000 00
Cities in this S tate............... 2,813,147 10
Counties in this S tate.........
162,000 00
Villages in this S tate..........
176,416 60
School districts in this State
101,000 00
Railroad mortgage bonds___ 1,575,000 00
$5,402,563 70

Original
Estimated
cost
market value
$564,250 00
$607,331 90
2,850,356 19
2,828,497 33
160,940 00
166,371 20
178,313 21
174,789 10
98,575 00
101,000 00
1,605,562 50
1,313,500 00
$5,508,935 00

$5,140,551 43

— — =
....................... ..........
Banking house and lot, book value, $100,000; cost, $150,000;
actual cash value..................................................................................
Cash on deposit in banksor trust companies...................................
Cash on hand...............................................................................................
Total of collectibleinterest......................................................................
Amount of all other assets, viz.:
Taxes advanced ...................................................................
New York State barge canal judgm ents......................

5,140,551 43
150,000
727,337
99,093
113,180

00
30
59
72

$2,139 01
9,078 48

-------------------------------------- 11,217 49
$11,300,325 53
L IA B IL IT IE S

Amount due depositors, viz.:
P rincipal ................................................................................. $10,445,986 11
Dividends credited or to be credited fo r the six
m onths ending w ith December 31, 1915....................
202,089 69

------------------ $10,648,075 80
Surplus on market value.........................................................................
652,249 73
$11,300,325 53
Surplus on par value, $914,262.
CASH TRANSACTIONS DURING THE Y E A R 1915
RE C E IPTS

Cash on hand and in banks or trust companies January 1,
1915, before transactions of the day............. #
................................
From depositors, not including dividends credited........................
From interest on loans, deposits and investments........................
From rents from banking house..........................................................
From mortgages .........................................................................................
From redemption of stocks and bonds...............................................




$861,505
2,3 8 3 ,5 4 7
483,693
4,699
303,775
423,724

52
29
73
92
00
42

$4 ,460,945 88

E

e ie

99

County

PAYM ENTS

To depositors, including dividends paid to them........................... $2 ,482 ,43 0 66
For loans on bonds and mortgages.....................................................
534,450 00
For stocks and bonds purchased, including premiums, commis­
sions, etc. (total par value, $578,908.49)......................................
563,539 91
For interest (other than dividend payments to depositors) . . . .
734 23
For current expenses of the bank, viz.:
For salaries ...........................................................................
For ta x e s : Banking house, $8,006.60; surplus,
$5,374.56 .................................................................................
F or expenses, except taxes, o f banking h o u se :
Repairs................................................................................
Insurance ........................................................................
For other expenses, not including expenses o f other
real estate nor other expenses o f banking house..

$25,174 60
13,381 16
806 49
756 00
4,163 46

-----------------Other payments, viz.: New York State barge canal judgments,
purchased ..................................................................................................
Cash on hand and in banks or trust companies December 31,
1915, after transactions of the day.................................................

44,281 71
9,078 48
826,430 89
$4 ,460,945 88

STATISTICAL INFORMATION
Number of open accounts January 1, 1916......................................
13,4S4
Number of accounts opened or reopened during the year...........
2,071
Number of accounts closed during the year......................................
1,725
Amount deposited during the year, not including dividends
credited for that period....................................................................... $2,383 ,54 7 29
Amount withdrawn during the year...................................................
2 ,4 8 2 ,4 3 0 66
Amount of dividends credited and paid for the year, viz.:
July 1, 1915 ...........................................................................
January 1, 1916 .....................................................................
Credited at other periods....................................................

$199,733 17
202,089 69
1,672 91

Average amount of each account January 1, 1916.........................
Rate per cent, of dividends to depositors during the six months
ending June 30, 1915..............................................................................
Rate per cent, of dividends to depositors during the six months
ending December 31, 1915...................................................................
Total earnings of the bank for the year 1915, after allowing
for amortization of premiums and discounts.............................
Total expenses of the bank for the year 1915.................................
Dividends paid to depositors for the year 1915...............................
Net earnings for the year 1915 over expenses and dividends
paid to depositors..................................................................................




403.495 77
789 68
4
4
$507,113 21
44,281 71
403.495 77
59,335 73

GREENE COUNTY

31.

C A T S K IL L S A V IN G S B A N K , C A T S K IL L

[343 Main stre e t; incorporated 1868]
W. IR V IN G JENNINGS, President.
ORRIN DAY, Treasurer.
EMORY A . CHASE, Vice-President.
JE R E M IA H DAY, Secretary.

TRUSTEES
W . I. J E N N IN G S ,
JE R E M IAH DAY,
ORRIN DAY,
WM. PALM A TIER ,
CHARLES E. BASSETT,

EMORY A. CHASE,
JAM ES L. MALCOM,
A. C. BLOODGOOD,
LUCIUS R. DOTY,
ADDISON P. JONES,

WM. H. VAN ORDEN,
GEORGE S. LE W IS.
PRAN K H. OSBORN,
OMAR V. SAGE,
W ILLIA M J. HUGHES.

FIN AN CIAL
RESOURCES

Bond and mortgages................................................................................... $1 ,276 ,44 3 94
Stock and bond investments, viz.:
Par
value
$45,000 00
25.000 00
25.000 00
738.000 00
465,080 00
61.000 00
47,000 00
114.000 00
81,110 00
523,500 00

S tocks and bonds
State o f New Y ork ...............
State of W yom ing ...............
State o f C alifornia ............
Cities in other States..........
Cities in this State..............
Counties in this State.........
Towns in this S tate............
Villages in this S tate..........
School districts in this State
Railroad mortgage b o n d s...

$2,124,690 00

Original
Estimated
cost
market value
$45,856 25
$45,900 00
27,170 00
34,562 50
23,500 00
23,500 00
770,670 81
725,800 00
479,821 29
453,500 00
67,828 97
60,760 00
47,445 40
48,129 60
120,805 70
112,120 00
87,189 36
81,833 60
484,065 00
559,537 74
$2,237,218 02

$2,062,778 20

Loans upon pledge of securities............................... ............................
Banking house and lot, book value, $40,000; cost, $54,512.27;
actual cash value..................................................................................
Cash on deposit in banks or trust companies.................................
Cash on hand................................................................................................
Total of collectible interest.....................................................................

2,0 6 2 ,7 7 8 20
2,5 00 00
40,000
214,549
26,877
48,651

00
19
45
87

$ 3 ,671 ,80 0 65
L IA B IL IT IE S

Amount due depositors, viz.:
P rincipal .................................................................................$3,315,585 49
Dividends credited o r to be credited fo r the six
55,575 03
m onths ending with December 31, 1915......................

------------------ $3 ,371 ,16 0 52
Other liabilities, viz.: Expenses incurred, but unpaid, adding
machine ....................................................................................................
202 13
Surplus on market value........................................................................
300,438 00
$3 ,671 ,80 0 65
Surplus on par value, $362,349.80.
CASH TRANSACTIONS DURING THE Y E A R 1915
R E C E IPTS

Cash on hand and in banks or trust companies January 1,
1915, before transactions of the day...............................................
From depositors, not including dividends credited.........................
From interest on loans, deposits and investments.........................




[100]

$249,831 25
644,252 40
151,463 95

G reene

County

101

From mortgages .........................................................................................
From redemption of stocks and bonds.................................................
From all other sources, viz.: Insurance premium refunded. .

$120,435 51
72,330 00
1 94
$1 ,238,315 05

PAYM ENTS

To depositors, including dividends paid to them...........................
For loans on bonds and mortgages.....................................................
For interest (other than dividend payments to depositors) . . .
For current expenses of the bank, viz.:
F or salaries ..........................................................................
F or taxes : Banking house, $860.05 ; surplus, $2,415.20 ;
on mortgages, $16............................................................
For expenses, except taxes, o f banking h o u s e :
Repairs ..............................................................................
Insurance .........................................................................
Other .................................................................................
F or other expenses, not including expenses o f other
real estate nor other expenses o f banking house..

$800,907 69
183,150 00
56 04

$8,104 75
3,291 25
19 73
74 00
247 42
1,037 53

-----------------Cash on hand and in banks or trust companies December 31,
1915, after transactions of the day.................................................

12,774 68
241,426 64
$1 ,238 ,31 5 05

STATISTICAL INFORMATION
Number of open accounts January 1, 1916......................................
Number of accounts opened or reopened during the year.........
Number of accounts closed during the year......................................
Amount deposited during the year, not including dividends
credited for that period.......................................................................
Amount withdrawn during the year...................................................
Amount of dividends cerdited and paid for the year, viz.:
July 1, 1915 ...........................................................................
January 1, 1916 ...................................................................

$644,252 40
800,907 69

$55,508 28
55,575 03

Average amount of each account January 1, 1916........................
Rate per cent, of dividends to depositors during the six months
ending June 30, 1915.............................................................. .............
Rate per cent, of dividends to depositors during the six months
ending December 31, 1915...................................................................
Total earnings of the bank for the year 1915, after allowing
for amortization of premiums and discounts.............................
Total expenses of the bank for the year 1915.................................
Dividends paid to depositors for the year 1915.............................
Net earnings for the year 1915 over expenses and dividends
paid to depositors..................................................................................




7,408
734
745

111,083 31
455 07

3y
2
3 y2
$147,602 95
12,973 11
111,083 31
23,546 53

JEFFERSON C O U N TY

32.

JE F F E R SO N C O U N T Y S A V IN G S B A N K , W A T E R T O W N

[202 W ashington s tr e e t; incorporated 1859]
HENRY PURCELL, President.
GEORGE C. SHERMAN, Vice-President.
O. E. HUNGERFORD, Vice-President.
A. T. E. LANSING. Treasurer.

TRUSTEES
D. C. M IDDLETON,
O. E. HUNGERFORD,
GEO. C. SHERMAN,
ROBT. J. BUCK,
H. PURCELL,

S.
D.
D.
A.

R. CLEVELAND,
M. ANDERSON,
M. COSGROVE,
T. E. LANSING,

S. A.
F. II.
P. A.
C ARL
W. H.

UPHAM,
W ADDINGHAM ,
PITC H ER ,
G. NILL,
H A TH A W AY.

FIN AN CIAL
RESOURCES

Bonds and mortgages...............................................
Stock and bond investments, viz.:
Par
S tocks and l>onds
value
State o f D elaware...................
$100,000 00
Cities in other States............
660,000 00
Cities in this State................... 1,090,400 00
Counties in this S tate............
136,000 00
Towns in this State...............
182,200 00
V illages in this S tate............
302,503 32
School districts in this State
53,799 98
Railroad mortgage bonds___ 1,342,000 00
$3,866,903 30

$3 ,926,172 09

Original
Estimated
cost
market value
$98,000 00
$103,250 00
679,451 15
640,900 00
1,053,094 00
1,122,900 05
139,794 70
135,360 00
191,748 52
176,024 00
307,533 44
297,100 45
55,036 94
53,003 06
1,401,513 75
1,172,800 00
$4,001,228 55

$3,626,281 51

3,626,281 51
Banking house and lot, book value, $111,500; cost, $115,548.78;
actual cash value..................................................................................
Other real estate, book value, $26,400; cost, $26,400; actual
cash value ................................................................................................
Cash on deposit in banks or trust companies.................................
Cash on hand ..............................................................................................
Total of collectible interest.....................................................................
Amount of all other assets, v iz.:
Land contracts .....................................................................
Rents accrued ........................................................................

111,500 00
26,400
678,508
99,752
74,216

00
80
01
80

$63,700 00
718 43

64,418 43
$8 ,607,249 55
L IA B IL IT IE S

Amount due depositors, viz.:
Principal .................................................................................. $8,100,963 42
Dividends credited or to be credited fo r the six
months ending with December 31, 1915...................’.
154,920 74

------------------ $8 ,255,884 16
Surplus on market value..........................................................................
351,365 39
$8,607,249 55
Surplus on par value, $591,987.18.
—
CASH TRANSACTIONS DURING THE YEA R 1915
R E C E IPTS

Cash on hand and in banks or trust companies January 1,
1915, before transactions of the day...............................................
From depositors, not including dividends credited.........................
From interest on loans, deposits and investments........................
From rents from banking house............................................................
From rents from other real estate........................................................




[ 102]

$586,196
1,481,028
364,869
5 ,7 50
5,617

18
96
14
28
63

J efferson

County

103

From m ortgages.........................................................................................
$294,782 60
From redemption of stocks and bonds.................................................
70,511 54
From real estate sold................................................................................
138,000 00
From all other sources, viz.:
Appraisal fees .................................................................
$34 32
Repairs and tax.................................................................
402 58
Land contract ...................................................................
550 00
-------------------------------------- 98690
$2,947,743 23
PAYMENTS
To depositors, including dividends paid to them........................... $1 ,887 ,67 0 95
For loans on bonds and mortgages.....................................................
131,060 00
For loans on stocks and bonds and other securities....................
63,700 00
For stocks and bonds purchased, including premiums, commis­
sions, etc. (total par value, $25,00 0).............................................
22,500 00
For interest (other than dividend payments to depositors) . . . .
338 89
For current expenses of the bank, viz.:
$19,038 00
For salaries .......................................................................
For taxes : Banking house, $2,184.92 ; surplus, $3,374.37.
5,559 29
For expenses, except taxes, of banking house:
Repairs ..........................................................................
113 78
Insurance ......................................................................
407 66
Other ..............................................................................
1,434 10
For expenses of other real estate, viz.:
Repairs ...........................................................................
2,266 84
Insurance ....................................
1,280 12
Taxes ..............................................................................
2,390 24
Other ..............................................................................
1,019 48
For other expenses, not including expenses of other
real estate nor other expenses of banking house...
2,050 04
-------------------------------------- 35,559 55
For real estate acquired by foreclosure, or in settlement of
debts due the bank................................................................................
28,212 12
Other payments, viz.:
Cash variations ..................................
$16 80
Attorney fees ......................................................................
14 16
Insurance advanced ..........................................................
15 20
Repairs .................................................................................
394 75
-------------------------------------- 44091
Cash on hand and in banks or trust companies December 31,
1915, after transactions of the day.................................................
778,260 81
$2,947,743 23
STATISTICAL INFORMATION
Number of open accounts January 1, 1916......................................
30,718
Number of accounts opened or reopened during the year...........
2,768
Number of accounts closed during the year....................................
2,513
Amount deposited during the year, not including dividends
credited for that period....................................................................... $1,481,028 96
Amount withdrawn during the year...................................................
1 ,8 87,6 70 95
Amount of dividends credited and paid for the year, viz.:
July 1, 1915..........................................................................
$144,172 93
January 1, 1918....................................................................
154,920 74
Credited at other periods.................................................
96 36
-----------------299,190 03
Average amount of each account January 1, 1916......................
268 76
Rate per cent, of dividends to depositors during the six months
ending June 30, 1915............................................................................
3 and 4
Rate per cent, of dividends to depositors during the six months
ending December 31, 1915...................................................................
4
Total earnings of the bank for the year 1915, after allowing
for amortization of premiums and discounts.............................
$359,716 96
Total expenses of the bank for the year 1915.................................
35,559 55
Dividends paid to depositors for the year 1915.............................
299,190 03
Net earnings for the year 1915 over expenses and dividends
paid to depositors..................................................................................
24,967 38




104

R
33.

eport on

W ATERTOW N

S a v in g s B

anks

S A V IN G S B A N K , W A T E R T O W N

[125 W ashington s tr e e t; incorporated 1893]
I. L. HUNT, President.
W. W. CONDE, Vice-President.
GEORGE H. BABCOCK, Vice-President.
HARVEY W. STEELE, Treasurer.

TRUSTEES
ALLEN C. BEACH,
JOHN R. PAW LING,
W ILLIA M E. SILL,
GEORGE H. BABCOCK,
SILAS L. GEORGE,
H. W. STEELE,

H E R B E R T E. HARMON,
W. W. CONDE,
H. P. DUNLAP,
CHARLES D. BINGHAM,
AN DREW C. CORNWALL,
GEORGE J. DRYDEN,
LORENZO SM ITH,

ISAAC L. HUNT,
ANTONIO F. M ILLS,
IRA SHARP,
ADAM B IC K E LH A U PT,
ELI B. JOHNSON,
CARL GEORGE.

FIN AN CIAL
RESOURCES

$1 ,914,714 57
Stock and bond investments, viz.:
Par
value
$25,000
284,000
196,015
118,000
40,750
412,359
141,000
260,000

S to c k s and bon d s

State o f Louisiana...................
Cities in other States............
Cities in this State...............
Counties in this S tate.........
Towns in this State...............
Villages in this State............
School districts in this State
Railroad mortgage bon ds___

00
00
00
00
00
42
00
00

$1, 477,124 42

Original
Estimated
cost
market value
$24,943 00
$25,900 00
291,999 36
285,505 00
201,980 24
200,226 45
118,891 80
116,730 00
41,239 50
40,875 75
417,842 45
410,277 13
142,719 60
140,760 00
267,545 65
234,450 00
$1,507,161 60

$1,454,724 33

Cash on deposit in banks or trust companies
Cash on hand............................................................
Total of collectible interest.................................

1,454,724
310,716
29,158
26,034

33
77
50
02

$3 ,735,348 19
L IA B IL IT IE S

Amount due depositors, viz.:
P rincipal .................................................................................. $3,500,967 54
Dividends credited or to be credited fo r the six
months ending with December 31, 1915.........................
65,437 43

------------------ $3 ,566,404 97
Surplus on market value.........................................................................
168,943 22
$3 ,735,348 19
Surplus on par value, $191,343.31.
CASH TRANSACTIONS DURING THE YEA R 1915
RECEIPTS

Cash on hand and in banks or trust companies January 1,
1915, before transactions of the day.................................................
From depositors, not including dividends credited......................
From interest on loans, deposits and investments.........................
From m ortgages.........................................................................................
From redemption of stocks and bonds...............................................
From all other sources, v iz.: Receipts on account of mortgage

$379,792
621,307
166,184
168,245
77,695
312

12
79
26
00
97
00

$ 1 ,4 1 3 ,5 3 7

14

PAYM ENTS

To depositors, including dividends paid to them...........................
For loans on bonds and mortgages........................................................
For stocks and bonds purchased, including premiums, com­
missions, etc. (total par value, $ 7 2,88 0)......................................
For interest (other than dividend payments to depositors) . . .




$776,576 77
204,775 00
74,058 00
676 14

J efferson C o u n ty

105

For current expenses of the bank, viz.:
F or salaries ...........................................................................
F or ta x e s: Surplus, $1,490.49 ; on mortgages, $369.66..
F or rent o f banking room s.........* ..................................
F or other expenses, not including expenses o f other
real estate nor other expenses o f banking hou se...

$8,348 16
1,860 15
1,175 00
1,832 76

Other payments, viz.: Payments on account of mortgages. . . .
Cash on hand and in banks or trust companies December 31,
1915, after transactions of the day.................................................

$13,216 07
4 ,3 59 89
339,875 27
$1,413 ,537 14

STATISTICAL INFORMATION
Number of open accounts January 1, 1916.............................
Number of accounts opened or reopened during the y e a r ..
Number of accounts closed during the year.............................
Amount deposited during the year, not including divid
credited for that period............................................................
Amount withdrawn during the year..........................................
Amount of dividends credited and paid for the year, viz.
July 1, 1915...............................................................................
January 1, 1916........................................................................

9,i675
1, 110
963
$621 ,307 79
776 ,576 77

)
$63,102 30
65,437 43
-

Average amount of each account January 1, 1916................
Rate per cent, of dividends to depositors during the six m
e
ending June 30, 1915...................................................................
Rate per cent, of dividends to depositors during the six me
ending December 31, 1915..........................................................
Total earnings of the bank for the year 1915, after alio
for amortization of premiums and discounts........... .......
Total expenses of the bank for the year 1915........................
Dividends paid to depositors for the year 1915....................
Net earnings for the year 1915 over expenses and divic
paid to depositors.........................................................................




128 ,539 73
368 62
3 &4
3y 2 & 4
$164 ,652 62
17 ,575 96
128 ,539 73
18;,536 93

K IN G S C O U N T Y

34.

BAY

R ID G E

S A V IN G S

B A N K , BROOKLYN

[5517 F ifth aven ue; incorporated 1909]
M AURICE T. LE W IS, President.
JOHN D. HOLSTEN, Treasurer.
M ICH AEL MURPHY, Vice-President.
PIERCE K EEFE, Secretary.
WM. A. FISCH ER, Vice-President.

TRUSTEES
MAURICE T. LEWIS,
M ICH AEL M URPHY,
JOHN D. HOLSTEN,
PIE RC E KEEFE,
GEORGE IHN'KEN,

JUSTUS BERGE,
HENRY M EYER,
HENRY SCHW ANEW EDE
WM. E. KAY,
PE TE R N. M EINKE,

HENRY KETTE LIIO D T,
W IL L IA M BOLGER,
OLAF OLAFSON,
W ILLIA M A. FISCH ER,
W IL L IA M F. KENNY.

FINANCIAL
RESOURCES

Bond and mortgages
Stock and bond investments, viz.:
S tocks and bonds
Cities in other States..........
Cities in this S tate...............
Towns in this State............
Villages in this State..........
School districts in this State
Railroad mortgage bonds___

$505,400 00

Par
value
$30,000 00
34,000 00
5,000 00
65,999 93
15,500 00
30,000 00
$180,499 93

Original
Estimated
cost
market value
$29,976 57
$29,800 00
29,863 25
29,920 00
5,136 46
5,010 00
66,909 93
65,952 08
15,924 70
15,795 00
28,031 25
26,550 00
$174,884 31

$173,984 93

173,984
75,046
337
7,091

Cash on deposit in banks or trust companies...............................
Cash on hand .............................................................................................
Total of collectible interest ...................................................................

93
80
41
79

$761,860 93
L IA B IL IT IE S

Amount due depositors, viz.:
Principal .................................................................................
Dividends credited or to be credited fo r the six
m onths ending with December 31, 1915.......... ...........

$731,170 07
11,598 67

-----------------Surplus on market value .......................................................................

$742,768 74
19,092 19
$761,860 93

Surplus on par value, $25,607.19.
CASH TRANSACTIONS DURING THE YEAR 1915
RECEIPTS

Cash on hand and in banks or trust companies January 1,
1915, before transactions of the day...............................................
From depositors, not including dividends credited....................
From interest on loans, deposits and investments........................
From mortgages .........................................................................................
From redemption of stocks and bonds...............................................




$29,461
626,302
31,412
12,450
1,333

84
83
99
00
33

$700,960 99
[1 0 6 ]

K ings C o u n ty

107

PAYM ENTS

To depositors, including dividends paid to them...........................
For loans on bonds and mortgages...................................................
For stocks and bonds purchased, including premiums, com­
missions, etc.' (total par value, $ 3 5,00 0)....................................
For interest (other than dividend payments to depositors) . .
For current expenses of the bank, viz.:
F or salaries ...........................................................................
F or taxes : Surplus ...........................................................
For expenses, except taxes, o f banking h o u se :
Repairs ..............................................................................
Insurance ..........................................................................
Other .................................................................................
F or rent of banking room s...............................................

$476,565 49
108,950 00
35,247 99
430 24

$2,425 00
167 34
55
30
565
1,140

25
00
47
00

4,383 06
Cash on hand and in hanks or trust companies December 31,
1915, after transactions of the day...............................................

75,384 21
$700,960 99

STATISTICAL INFORMATION
Number of open accounts January 1, 1916......................................
Number of accounts opened or reopened during the year...........
Number of accounts closed during the year....................................
Amount deposited during the year, not including dividends
credited for that period.....................................................................
Amount withdrawn during the year.................................................
Amount of dividends credited and paid for the year, viz.:
July 1, 1915 ...........................................................................
January 1, 1916 .....................................................................

$626,302 83
476,565 49

$10,436 54
11,598 67

Average amount of each account January 1, 1916....................
Number of accounts which exceeded $3,000, exclusive of divi­
dends credited, at the last trial balance of depositors’
ledgers, except deposits arising from society accounts, or
judicial sales, or trust funds, or by order of a court of
record or of a surrogate ................................................................
Total amount of such accounts..................................................... ..
Rate per cent, of dividends to depositors during the six
months ending June 30, 1915..........................................................
Rate per cent, of dividends to depositors during the six
months ending December 31, 1915.................................................
Total earnings of the bank for the year 1915, after allowing
for amortization of premiums and discounts.............................
Total expenses of the bank for the year 1915.................................
Dividends paid to depositors for the year 1915.............................
Net earnings for the year 1915 over expenses and dividends
paid to depositors ................................................................................




4,298
2,902
1,194

22,035 21
172 82

6
$22,345 43
4
4
$32,310 43
4,383 06
22,035 21
5,892 16

108

R
35.

epoet

on

S a v in g s B a n k s

B R E V O O R T S A V IN G S B A N K , B R O O K L Y N

[522 Nostrand av en u e; incorporated 1890]
HOW ARD M. SM ITH, President.
W A L T E R C. HUMSTONE, Treasurer.
EDW ARD LYONS, Vice-President.
RAYMOND LOUNSBERY, Secretary.
G RAN VILLE W. HARMAN, Vice-Pres.

TRUSTEES
CHAS. M. AIKM AN,
JOSEPH M. BACON,
JOHN W. BAILEY,
C H ARLES COOPER,
W ILLIA M J. GILPIN ,
W IL L IA M H. GOOD,
W IL L IA M H. HARDING,
G. W. HARMAN,

W ALTE R C. HUMSTONE,
A LFR E D T. SEW ARD,
R. LOUNSBERY,
EDW ARD LYONS,
GEORGE W. P IPE ,
JAMES R. ROSS,
HOW ARD M. SMITH,
L. BERTRAN D SMITH,

JOHN D. SULLIVAN,
THOS. J. W ASHBURN,
L. A. W RAY,
P A TR IC K M. WOODS,
JOHN H. BURROUGHS.
ERN E ST H. PILSBURY
HENRY C. LA ROWE,
JOHN R. STINE.

FINANCIAL
RESOURCES

Bonds and mortgages................................................................................
Stock and bond investments, viz.:
Par
value
$50,000 00
25,000 00
12,000 00
35,000 00
45,000 00
25,000 00
317,408 40
537,021 00
128,000 00
163,500 00
218,820 00
131,000 00
245,000 00

S to c k s and bon ds

State o f New Y ork...............
State o f Maryland ..............
State of New M exico............
State o f Oklahoma...................
State o f Louisiana ...............
State o f Utah ........................
Cities in other States..........
Cities in this State...............
Counties in this S tate..........
Towns in this S tate.............
Villages in this State..........
School districts in this State
Railroad m ortgage bonds ..

$1,932,749 40

$2,302,397 50

Estimated
Original
market value
cost
$52,875 00
$54,500 00
23,750 00
23,630 90
12,600 00
12,548 16
35,350 00
35,307 25
47,500 00
47,365 87
24,250 00
24,187 50
335,142 85
323,556 78
523,476 84
543,247 61
133,630 00
136,943 90
171,681 00
175,747 01
229,432 82
225,768 20
135,705 00
134,465 00
263,285 94
210,400 00
$2,015,419 81

$1,920,927 82

1,920,927 82
Banking
actual
Cash on
Cash on
Total of

house and lot, book value, $55,000; cost, $55,000;
cash value..................................................................... .............
deposit in banks or trust companies.................................
hand................................................................................................
collectible interest.....................................................................

55,000
369,254
19,037
49,525

00
56
15
98

$ 4 ,716 ,14 3 01
L IA B IL IT IE S

Amount due depositors, viz.:
Principal ................................................................................. $4,392,724 98
Dividends credited or to be credited fo r the six
months ending with December 31, 1915......................
78,930 35

------------------ $4 ,471,655 33
Surplus on market value..........................................................................
244,487 68
$4 ,716,143 01
Surplus on par value, $256,309.26.
CASH TRANSACTIONS DURING THE YEAR 1915
R E CEIPTS

Cash on hand and in banks or trust companies January 1,
1915, before transactions of the day...............................................
From depositors, not including dividends credited.........................
From interest on loans, deposits and investments.........................
From rents from banking house..........................................................
From rents from other real estate........................................................
From mortgages .........................................................................................
From redemption of stocks and bonds.................................................




$331,116
1,900,535
200,412
1,350
5
62,900
4,0 00

55
28
99
00
00
00
00

K ings C o u n ty

109

From stocks and bonds sold (total par value, $31,000)................
From real estate sold................................................................................
From all other sources, viz.: Insurance rebate on real estate
s o l d ..............................................................................................................

$31,207 68
36,175 00
104 00
$2 ,567,806 50

PAYM ENTS

To depositors, including dividends paid to them........................... $1 ,605 ,49 4 23
For loans on bonds and mortgages........................................................
332,000 00
For stocks and bonds purchased, including premiums, com­
missions, etc. (total par value, $147,408.40)...............................
161,818 57
For interest (other than dividend payments to depositors) . . . .
1,956 10
For current expenses of the bank, viz.:
F or salaries ..........................................................................
F or
t a x e s : Banking
house,
$855.36;
surplus,
$1,736.81 .................................................................................
F or expenses, except taxes, o f banking hou se:
Repairs ..............................................................................
Insurance .........................................................................
F or rent o f banking room s.................................................
For expenses o f other real estate, v i z .:
Repairs ..............................................................................
Taxes ..................................................................................
Other ..................................................................................
F or other expenses, not including expenses of other
real estate nor other expenses o f banking house..

$9,632 00
2,592 17
144 94
78 78
429 24
29 95
85 40
7 64
3,091 38

-----------------For real estate acquired by foreclosure, or in settlement of
debts due the bank................................................................................
Other payments, viz.: Purchase of bank building....................
Cash on hand and in banks or trust companies December 31,
1915, after transactions of the day.................................................

16,091 50
7,154 39
55,000 00
388,291 71
$2 ,567,806 50

STATISTICAL INFORMATION
Number of open accounts January 1, 1916......................................
15,847
Number of accounts opened or reopened during the year...........
3,045
Number of accounts closed during the year....................................
2,184
Amount deposited during the year, not including dividends
credited for that period....................................................................... $1 ,900,535 28
Amount withdrawn during the year...................................................
1,605,494 23
Amount of dividends credited and paid for the year, viz.:
July 1, 1915 ...........................................................................
January 1, 1916 .....................................................................
Credited at other periods..................................................

$74,716 33
78,930 35
1 00

Average amount of each account January 1, 1916.........................
Rate per cent, of dividends to depositors during the six months
ending June 30, 1 9 1 5 ...........................................................................
Rate per cent, of dividends to depositors during the six months
ending December 31, 1915...................................................................
Total earnings of the bank for the year 1915, after allowing
for amortization of premiums and discounts.............................
Total expenses of the bank for the year 1915.................................
Dividends paid to depositors for the year 1915.............................
Net earnings for the year 1915 over expenses and dividends
paid to depositors..................................................................................




153.647 68
282 18
4
4
$201,017 20
16,091 50
153.647 68
31,278 02

110

R eport on S avin gs B an k s
36.

B R O O K L Y N S A V IN G S B A N K , B R O O K L Y N

[141 Pierrepont stre e t; incorporated 1827]
CROW ELL HADDEN, President.
A R TH U R C. HARE, Cashier.
D AN IEL J. CREEM, Vice-President.
LAURES E. SUTTON, Comptroller.
RIC H A R D L. EDW ARDS, Vice-Pres.
CHAS. C. PUTNAM. Asst. Comptroller.

TRUSTEES
CROW ELL HADDEN,
RIC H A R D L. EDW'ARDS,
EDW. H. LITC H FIE L D ,
FRAN K LYMAN,
D A V ID G. LEGGET,
W IL L IS L. OGDEN,
JOHN F. HALSTED.
FRAN K L. BABBOTT,
HENRY F. NOYES,

SANFORD H. STEELE,
DANIEL J. CREEM;
CLINTON R. JAMES,
B. H E R B E R T SM ITH,
FRANCIS L. NOBLE.
F. A. M. BU RRELL,
E DW ARD P. MAYNARD,
W ILLIA M L. M OFFAT,

HAROLD I. PRATT,
CHARLES J. PEABODY,
M A RTIN JOOST,
A L B E R T L. MASON,
FRAN K D. TUTTLE,
W IL L IA M MASON,
CHARLES L. MORSE,
S. EDW IN BUCHANAN,
JAM ES H. JOURDAN.

FIN AN CIAL
RESOURCE'S

Bonds and mortgages................................................................................ $32,249,550 00
Stock and bond investments, viz.:
S to c k s and bon ds

State o f New Y ork ...............
State o f California .............
State o f Maryland ..............
State o f Massachusetts .......
State o f Tennessee ..............
Cities in other States..........
Cities in this S tate..............
Counties in this S tate.........
Towns in this S tate..............
R ailroad mortgage b o n d s...

Par
value
$200,000 00
400,000 00
200,000 00
850,000 00
200,000 00
6,549,000 00
7,496,700 00
855,000 00
68,000 00
7,003,000 00

Original
Estimated
cost
market value
$205,156 25
$204,00000
388,481 88
385,00000
196,680 00
198,00000
916,957 00
792,50000
199,847 50
207,00000
6,605,614 14
6,224,05500
7,847,431 57
7,326,53400
901,596 73
872,470 00
68,277 50
67,32000
7,689,488 41
6,455,62000

$23,821,700 00 $25,019,530 98 $22,732,499 00
--------

-------

—

--

--------

=

=

=

=

=

Banking house and lot, book value, $427,000; cost, $893,047.87;
actual cash value..................................................................................
Other real estate, book value, $123,053.46; cost, $123,053.46;
actual cash value..................................................................................
Cash on deposit in banks or trust companies...................................
Cash on hand................................................................................................
Total of collectible interest...................................................................
Amount of all other assets, viz.: Rentsaccrued...........................

2 2 , 732,499 00
427,000' 00
123,053
3,2 7 9 ,5 6 8
121,202
808,011
300

46
66
09
91
00

$59,741,185 12
L IA B IL IT IE S

Amount due depositors, viz.:
P rincipal ................................................................................. $53,268,500 40
Dividends credited or to be credited fo r fhe six
months ending with December 31, 1915...................... 1,022,585 21

------------------ $5 4,291,085 61
Surplus on market value.........................................................................
5,4 5 0 ,0 9 9 51
$59,741,185 12
Surplus on par value, $6,539,300.51.
CASH TRANSACTIONS DURING THE YEA R 1915
RECEIPTS

Cash on hand and in banks or trust companies January 1,
1915, before transactions of the day............................................... $3,405,266 80
From depositors, not including dividendscredited........................ 11,226,081 65
From interest on loans, deposits and investments........................ 2 ,5 74,5 19 18
From rents from other real estate.....................................................
3,539 83
From mortgages ........................................................................................
1,4 05,3 00 00
From redemption of stocks and bonds...............................................
438,000 00




K ings C o u n ty

111

From stocks and bonds sold (total par value, $500 ,0 00 )..........
From real estate sold................................................................................

$496,514 57
274,068 50
$1 9,823,290 53

PAYM ENTS

To depositors, including dividends paid to them.............................$11,958,401
For loans on bonds and mortgages.....................................................
2 ,1 2 8 ,1 5 0
For stocks and bonds purchased, including premiums, com­
missions, etc. (total par value, $1,742,700)...............................
1,790,507
For interest (other than dividend payments to depositors) . . . .
16,218
For current expenses of the bank, viz.:
For salaries ...........................................................................
F or ta x e s : Banking bouse, $11,693.40; surplus,
$49,099.54 ................................................................................
F or expenses, except taxes, o f banking b o u s e :
Bepairs ..............................................................................
Insurance .........................................................................
Other .................................................................................
F or expenses o f other real estate, v i z .:
Repairs ..............................................................................
Taxes .................................................................................
Other .................................................................................
F or other expenses, not including expenses o f other
real estate nor other expenses o f banking house..

54
00
11
53

$81,436 45
60,792 94
3,480 63
35 84
1,423 56
4,878 00
2,264 50
16,593 29
21,364 57

-----------------For real estate acquired by foreclosure, or in settlement of
debts due the bank................................................................................
Other payments, viz.: Cash short ....................................................
Cash on hand and in banks or trust companies December 31,
1915, after transactions of the day.................................................

192,269 78
336,931 14
41 68
3 ,4 0 0 ,7 7 0 75
$19,823,290 53

STATISTICAL INFORMATION
Number of open accounts January 1, 1916......................................
Number of accounts opened or reopened during the year...........

Number of accounts closed during the year.................................

71,221
10,410
9,264

Amount deposited during the year, not including dividends
credited for that period....................................................................... $11,226,081 65
Amount withdrawn during the year................................................... 11,958,401 54
Amount of dividends credited and paid for the year, viz.:
July 1, 1915 ........................................................................... $1,008,648 95
January 1, 1916 ..................................................................... 1,022,585 21

2.0 3 1 .2 3 4 16
Average amount of each account January 1, 1916.........................
762 00
Rate per cent, of dividends to depositors during the six months
ending June 30, 1915...........................................................................
4
Rate per cent, of dividends to depositors during the six months
ending December 31, 1915...................................................................
4
Total earnings of the bank for the year 1915, after allowing
for amortization of premiums and discounts............................. $2 ,578,057 88
Total expenses of the bank for the year 1915.................................
201,856 06
Dividends paid to depositors for the year 1915.............................
2.0 3 1 .2 3 4 16
Net earnings for the year 1915 over expenses and dividends
paid to depositors..................................................................................
344,967 66




R eport ok S avin gs B a n k s

112
37.

THE

B U S H W IC K

S A V IN G S B A N K , B R O O K L Y N

[726-730 Grand street; incorporated 1873]
JERE E. BROWN, President.
LOUIS J. BURGER, Secretary.
GEO. W. SCHAEDLE, Vice-President.
GEORGE J. M ERKED, Cashier.
HENRY SCHADE, Vice-President.

TRUSTEES
RUFUS L. SCOTT,
D A N IE L CANTY,
EDW ARD BUSH,
HENRY SCHADE,
JOHN H. SCHEIDT,
W ILLIA M S.. W ANDEL,
W IL L IA M G. M ILLER,
AUGUSTUS P. AVERY,

JERE E. BROWN,
JOHN H. VAN DERVEER,
M. L. REYNOLDS,
F. H. NARWOOD,
LOUIS G. BURGER,
GEORGE W. SCHAEDLE,
ANDREW F. W ILSON,
M. FA CK EN TH AL,

HERMAN C. HUELLE,
TH E O P H IL E THONET,
CH RISTIAN D.HOMEYER,
CHARLES T R IE T SC H L E R
D A V ID II. MOORE,
FRAN K L. BROWN,
C. S. H. TIE B A U T , J r .
SM ITH S. W ANDEL.

FIN AN CIAL
RESOURCES

Bonds and mortgages.............................................................................. $3,337,967 00
Stock and bond investments, viz.:
Par
v a lu e

S to c k s and bon ds
S t a t e o f A l a b a m a ...............
S t a t e o f C a li f o r n ia ................
S t a t e o f I d a h o ...........................
S t a t e o f L o u is ia n a ..................
S t a t e o f M i s s is s i p p i ..............
S t a t e o f M is s o u r i ..................
S t a t e o f N e w M e x i c o ............
S t a t e o f O k la h o m a ................
S t a t e o f T e n n e s s e e ..................
C it i e s in o t h e r S t a t e s ............
C it i e s in t h is S t a t e ..................
C o u n t ie s in t h is S t a t e .........
T o w n s in. t h is S t a t e ................
V i l l a g e s in t h i s S t a t e ............
R a ilr o a d m o r t g a g e b o n d s ..

O r ig in a l
cost

E s tim a te d
m a rk e t v a lu e

00
00
00
00
00
00
00
00
00
00
93
00
00
28
00

$3,697 40
72,731 28
77,260 00
49,313 80
25,032 00
33,461 64
50,596 45
69,732 74
79,321 84
563,026 04
1,196,588 08
142,470 61
14,623 31
82,358 71
69,248 40

$3,465 00
72,750 00
75,750 00
52,500 00
23,760 00
33,660 00
50,500 00
69,900 00
79,125 00
544,368 32
1,172,215 79
141,325 60
13,420 00
76,877 95
58,650 00

$2,461,895 21

$2,529,462 30

$2,468,267 66

$37,215.76;

c o st,

$3,500
75,000
75,000
50,000
24,000
34,000
50,000
70,000
75,000
541,980
. 1,168,541
137,640
14,000
78,233
65,000

2,468,2 67 66
B a n k in g

h ou se

and

lo t,

book

v a lu e ,

$ 4 8 ,-

37,215 76

215.76 : a c t u a l c a s h v a l u e .........................
Other real estate, book value, $96,616.19; cost, $96,616.19;
actual cash v a lu e ..................................................................................
Cash on deposit in banks or trust companies.................................
Cash on hand...............................................................................................
Total of collectible interest...................................................................
Amount of all other assets, viz.: New York State barge canal
judgments ................................................................................................

96,616
534,304
85,700
51,384

19
27
52
38

5 ,0 1 0 2 4

$6,616,526 02
L IA B IL IT IE S

Amount due depositors, viz.:
Principal ................................................................................. $6,032,768 12
Dividends credited or to be credited fo r the six
months ending with December 31, 1915......................
113,710 22

---------- —
Surplus on market value.......................................................................
Surplus on par value, $463,675.23.

$6,146,478 34
470,047 68
$6,616,526 02
......... 1

CASH TRANSACTIONS DURING THE YEAR 1915
RECEIPTS

Cash on hand and in banks or trust companies January 1,
1915, before transactions of the day...............................................
From depositors, not including dividendscredited.....................
From interest on loans, deposits andinvestments........................
From rents from banking house.........................................................
From rents from other real estate..................................................
From mortgages .....................................................................................
From redemption of stocks and bonds...............................................




$523,093
1,658,698
305,603
2,257
9,414
105,575
156,594

08
25
17
50
42
00
35

113

K ings C o u n ty
From stocks and bonds sold (total par value, $40,00 0)............
From real estate sold.....................................................................
From all other sources, viz.:
Discount on bonds purchased below p a r......................
Profit on sale o f real estate............................................
Return premium on insurance..........................................

$40,168 56
10,368 79

$462 40
83 99
9 94

-------------------------------------- 55633
$2 ,812,329 45

PAYM ENTS

To depositors, including dividends paid to them........................ $1 ,780,100 18
For loans on bonds and mortgages...................................................
86,667 00
For stocks and bonds purchased, including premiums, com­
missions, etc. (total par value, $263,744.40).............................
270,635 33
For interest (other than dividend payments to depositors) . .
3,054 25
For current expenses of the bank, viz.:
F or salaries .........................................................................
For ta x e s: Banking house, $796.88 ; surplus, $3,978.27.
F or expenses, except taxes, o f banking h o u se :
Repairs ..............................................................................
Insurance .........................................................................
Other .................................................................................
For expenses o f other real estate, v i z .:
Repairs ..............................................................................
Insurance .........................................................................
Taxes .................................................................................
Other .................................................................................
F or other expenses, not including expenses o f other
real estate nor other expenses o f banking house..

$15,595 81
4,775 15
1,921 61
143 02
884 87
1,589
316
2,345
2,429

46
90
85
75

3,979 54

33,981 96
For real estate acquired by foreclosure, or in settlement of
debts due the b a n k ................................................................................
Other payments, viz.:
Extension and alterations to bank building...............
New York State barge canal Judgments........................

10,810 31

$2,005 39
5,010 24

7,015 63
Cash on hand and in banks or trust companies December 31,
1915, after transactions of the day...............................................

620,064 79
$2 ,812 ,32 9 45

STATISTICAL INFORMATION
14,196
Number of open accounts January 1, 1916....................................
2,096
Number of accounts opened or reopened during the year...........
1,781
Number of accounts closed during the year....................................
Amount deposited during the year, not including dividends
$1,658,698 25
credited for that period.....................................................................
1,780,100 18
Amount withdrawn during the year.................................................
Amount of dividends credited and paid for the year, viz.:
July 1, 1915 ...........................................................................
January 1, 1916 .....................................................................

$112,424 11
113,710 22

Average amount of each account January 1, 1916......................
Number of accounts which exceeded $3,000, exclusive of divi­
dends credited, at the last trial balance of depositors’
ledgers, except deposits arising from society accounts, or
judicial sales, or trust funds, or by order of a court of
record or of a surrogate.......................................................................
Total amount of such accounts............................................................
Rate per cent, of dividends to depositors during the six
months ending June 30, 1915............................................................
Rate per cent, of dividends to depositors during the six
months ending December 31, 1915.................................................
Total earnings of the bank for the year 1915, after allowing
for amortization of premiums and discounts.............................
Total expenses of the bank for the year 1915...............................
Dividends paid to depositors for the year 1915.............................
Net earnings for the year 1915 over expenses and dividends
paid to depositors .................... ............................................................




226,134 33
432 97

3
$9,252 08
4
4

$309,577 95
35,981 96
226,134 33
47,461 66

R eport on S avin gs B an ks

114
38.

T H E C I T Y S A V I N G S B A N K OF B R O O K L Y N , B R O O K L Y N

[Corner L afayette and Flatbush avenues; incorporated 1886]
REMSEN RUSHMORE, President.
W ILLIA M A. A V IS, Treasurer.
TH EOPH ILU S OLENA, Vice-President.
HENRY A. RAYMOND, Secretary.
F R E D ’K H. W EBSTER, Vice-Pres.

TRUSTEES
FRANCIS O. A FFELD,
W ILLIA M A. AVIS,
D A V ID F. BUTCHER,
JACOB G. DETTM ER,
TH EOPH ILU S OLENA,
REMSEN RUSHMORE,
JOHN M. RIDER,

H. V. RAYMOND,
J. B. SUM MERFIELD,
F R ED ’ K H. W EBSTER,
EDW IN II. SAYRE,
RUFUS T. GRIGGS,
JAM ES G. SHAW,
CLARENCE T. COREY,

FRAN K C. SWAN,
RA LPH E. DAYTON,
B A RTH OL A. GREENE,
CHARLES H. KELBY,
STEPHEN VALENTINE,
L E STE R A. LEW IS,
E. W. CONE.

FIN AN CIAL
RESOURCES

Bonds and mortgages
Stock and bond investments, viz.:

$1,991,375 00

Par
v a lu e

Stocks and bonds
State o f Massachusetts
State o f Delaware ........
State o f Louisiana .......
State o f Tennessee .......
State o f C alifornia ___
Cities in other States..
Cities in this State.......
Counties in this S tate..
Towns in this S tate___
Villages in this S ta te ..

$3,000
20,000
80,000
20,000
43,000
463,500
241,244
34,000
96,000
67,000
31,125

5

O r ig in a l
cost

00
00
00
00
00
00
00
00
00
00
00

$1,098,869 00

E s tim a te d
m a r k e t v a lu e

$3,087
21,050
88,303
20,309
41,970
490,405
254,868
35,100
103,347
68,745
31,971

$2,550
19,600
83,300
20,100
41,140
475,055
245,903
34,960
99,229
.67,710
31,782

00
00
13
30
09
76
37
00
08
78
82

$1,159,158 33

00
00
00
00
00
00
85
00
00
00
87

$1,121,330 72

1,121,330 72
v a lu e ,

actual
Cash on
Cash on
Total of
Amount

$ 1 0 ,1 4 1 .1 8 ;

c o st,

$ 1 0 ,1 4 1 .1 8 ;

cash value.
deposit in banks or trust companies
hand............................................................
collectible interest.....................................................................
of all other assets, viz.: Furniture and fixtures.. ..

10,141
405,220
12,695
36,335
3,500

18
98
11
52
00

$3,580,598 51
L IA B IL IT IE S

Amount due depositors, viz.:
P rincipal ................................................................................. $3,314,609 48
Dividends credited or to be credited fo r the six
m onths ending with December 31, 1915......................
59,672 95

------------------ $3,374,282 43
Other liabilities, v iz.: Surplus tax accrued.................................
1,000 00
205,316 08
Surplus on market value.........................................................................
$3 ,580,598 51
Surplus on par value, $182,854.36.
CASH TRANSACTIONS DURING THE YEAR 1915
R E CEIPTS

Cash on hand and in banks or trust companies January 1,
1915, before transactions of the day...............................................
From depositors, not including dividends credited........................
From interest on loans, deposits and investments.........................
From rents from other real estate........................................................
From mortgages .......................................................................................
From redemption of stocks and bonds.................................................
From real estate sold................................................................................




$301,274
1,291,3 33
155,297
1,432
158,175
35,060
33,384

66
30
64
18
00
00
49

K ings C o u n ty

115

From all other sources, viz :
Rebate on repairs to real estate..................................$14 00
Insurance premiums advanced refunded......................

103 47

------------------

$117 47
$1 ,976 ,07 4 74

PAYM ENTS

To depositors, including dividends paid to them........................... $1,036,996 65
For loans on bonds and mortgages.......................................................
365,950 00
For stocks and bonds purchased, including premiums, com­
missions, etc. (total par value, $ 8 4,50 0)............. .......................
85,494 58
For interest (other than dividend payments to depositors) . . . .
949 25
For current expenses of the bank, v iz.:
For salaries .........................................................................
F or ta x es: Surplus ...........................................................
For expenses, except taxes, o f banking h o u se :
Insurance .........................................................................
Other ..................................................................................
F or rent o f banking room s....... ........................................
For expenses of other real estate, v i z .:
Repairs ............................................................................
Insurance .........................................................................
Taxes .................................................................................
F or other expenses, not including expenses of other
real estate nor other expenses o f banking house..

$15,320 00
1,730 78
11 50
50 00
7,500 00
373 58
125 86
258 89
2,264 77

-----------------For real estate acquired by foreclosure, or in settlement of
debts due the bank................................................................................
Other payments, viz.: Insurance premiums advanced................
Cash on hand and in banks or trust companies December 31,
1915, after transactions of the day.................................................

27,635 38
41,029 32
103 47
417,916 09
$ 1 ,976 ,07 4 74

STATISTICAL INFORMATION
Number of open accounts January 1, 1916......................................
9,203
Number of accounts opened or reopened during the year...........
2,371
1,672
Number of accounts closed during the year....................................
Amount deposited during the year, not including dividends
credited for that period....................................................................... $1 ,291 ,33 3 30
Amount withdrawn during the year...................................................
1,036,996 65
Amount of dividends credited and paid for the year, viz.:
July 1, 1915 ...........................................................................
January 1, 1916 .....................................................................
C r e d it e d

at

o t h e r p e r io d s ...................................................................

$56,198 66
59,672 95
44 90

Average amount of each account January 1, 1916.........................
Number of accounts which exceeded $3,000, exclusive of divi­
dends credited, at the last trial balance of depositors’ ledgers,
except deposits arising from society accounts, or judicial
sales, or trust funds, or by order of a court of record or of
a surrogate .............................................................................................
Total amount of such accounts.......................................................... ,
Rate per cent, of dividends to depositors during the six months
ending June 30, 1915............................................................................
Rate per cent, of dividends to depositors during the six months
ending December 31, 1915...................................................................
Total earnings of the bank for the year 1915, after allowing
for amortization of premiums and discounts...............................
Total expenses of the bank for the year 1915.................................
Dividends paid to depositors for the year 1915...............................
Net earnings for the year 1915 over expenses and dividends
paid to depositors..................................................................................




115,916 51
366 65

1
$3,229 76
4
4
$159,347 66
28,885 38
115,916 51
14,545 77

116

R
39.

eport

on

S a v in g s B a n k s

T H E D IM E S A V IN G S B A N K

[9 De Kalb avenue;
J. LAW RENCE M ARCELLUS, Pres.
GEORGE W. CHAUNCEY, Vice-Pres.
GEORGE T. MOON, Vice-President.

OF B R O O K L Y N , B R O O K L Y N

incorporated 1859]
RUSSELL S. W ALK E R , Treasurer.
F R E D ’K W. JACKSON, Secretary.
C. FRAN K STRIEDO FF, A sst. Secy.

TRUSTEES
J. L. M ARCELLUS,
GEO. W. CHAUNCEY,
SAMUEL ROWLAND,
HORACE C. DU VAL,
LUDW IG NISSEN,
WM. M cCARROLL,
N.
T. TH AYER,

J. T. E. LITC H FIE L D ,
RUSSELL S. W ALKER,
GEORGE COX.
CHARLES E. TE ALE ,
GEORGE T. MOON,
FRAN K H. PARSONS.
JAMES L. BRUMLEY,

ED W AR D B. JORDAN,
FR ED ER IC K W. ROWE,
F R E D ’ K W. JACKSON,
W A LTE R HAM M ETT,
F. L. CRANFORD,
ENGENE W. SUTTON,
C. FRANK STR E IG H TO FF.

FIN AN CIAL
RESOURCES

Bonds and mortgages................................................................................ $27,190,022 00
Stock and bond investments, viz.:
Par
S tocks and bonds
value
State o f Massachusetts ....$ 1 ,2 5 0 000
State o f Tennessee ..............
500,000
Cities in other States.. 1,696,000
Cities in this State..... 3,887,600
Counties in this S tate. 1,630,100
Towns in this State....
542,000
Villages in this State..........
136,500
Railroad mortgage bon d s... 6,562,000

00
00
00
00
00
00
00
00

Original
Estimated
cost
market value
$1,334,550 00 $1,150,000 00
516,963 61
523,000 00
1,753,915 40
1,656,170 00
4,007,283 55
3,725,835 00
1,724,888 64
1,624,460 00
551,103 27
546,925 00
143,414 50
134,210 00
7,015,214 60
6,229,185 00

$16,204,200 00 $17,047,333 57 $15,589,785 00

= — =
’
■ -------------- 15,589,785 00
Banking house and lot, book value, $550,000; cost, $717,238.55;
actual cash value..................................................................................
550,000 00
Other real estate, book value, $403,000; cost, $453,118.75;
actual cash value..................................................................................
403,000 00
Cash on deposit in banks or trust companies.................................
3,763,491 92
Cash on hand................................................................................................
186,400 04
Total of collectible interest.....................................................................
549,070 65
Amount of all other assets, viz.: Rents due and accrued but
u n p a id ........................................................................................................
1,835 00
$48,233,604 61
L IA B IL IT IE S

Amount due depositors, viz.:
P rincipal ................................................................................. $43,535,493 87
Dividends credited or to be credited fo r the six
months ending with December 31, 1915......................
806,752 26

------------------ $44,342,246 13
Surplus on market value.........................................................................
3,8 9 1 ,3 5 8 48

Surplus on par value, $4,505,773.48.

$4 8,23 3,6 04 61
■

CASH TRANSACTIONS DURING THE YEA R 1915
RECEIPTS

Cash on hand and in banks or trust companies January 1,
1915, before transactions of the day............................................... $3,'162,516 06
From depositors, not including dividends credited........................ 13,448,090 06
From interest on loans, deposits andinvestments........................... 2,1 11,7 57 51
From rents from banking house............................................................
2,882 88
From rents from other real estate........................................................
11,768 27
From mortgages .......................................................................................
2,690,6 29 00
From redemption of stocks and bonds...............................................
143,600 00
From stocks and bonds sold (total par value, $800,000)...........
798,187 50
From loans paid...........................................................................................
559,000 00
From real estate sold................................................................................
241,198 59




K ings C o u n ty

1 17

From all other sources, viz :
Returned unearned insurance prem ium s......................
Insurance for loss by fire.................................................
Refund o f advance fo r repairs........................................

$615 37
393 00
414 00

$1,422 37
$23,180,052 24
PAYM ENTS

To depositors, including dividends paid to them......... ................. .$ 1 2,15 5,93 4
For loans on bonds and mortgages........................................................
3,805,7 43
For loans on stocks and bonds and other securities....................
359,000
For stocks and bonds purchased, including premiums, com­
missions, etc. (total par value, $2,321,000).................................
2 ,3 66,5 91
For interest (other than dividend payments to depositors) . . .
31,297
For current expenses of the bank, viz.:
F or salaries ..........................................................................
For ta x e s : Banking house, $10,717.28; surplus,
$32,999.35..................................................................................
F or expenses, except taxes, o f banking house:
Repairs ..............................................................................
Insurance .........................................................................
For expenses o f other real estate, v i z .:
Repairs ..............................................................................
Insurance .........................................................................
Taxes .................................................................................
Other .................................................................................
F or other expenses, not including expenses o f other
real estate nor other expenses o f banking house..

74
99

$80,836 00
43,716 63
1,878 68
661 50
8,809
734
13,695
888

74
20
76
50

34,746 43

-----------------For real estate acquired by foreclosure, or in settlement of
debts due the bank................................................................................
Other payments, viz.:
Teller’s short cash ............................................................
Insurance premiums advanced .......................................
Settlement o f suit ..............................................................
Disbursement account B. & M ........................................
Rent allowance on sale o f other real estate...............

60
00
00

$166
443
500
166
122

185,967 44
324,226 20

45
93
03
10
80

1,399 31
Cash on hand and in banks or trust companies December 31,
1915, after transactions of the day.................................................

3,949,891 96
$23,180,052 24

STATISTICAL INFORMATION
Number of open accounts January 1, 1916......................................
99,528
Number of accounts opened or reopened during the year...........
20,756
Number of accounts closed during the year......................................
16,498
Amount deposited during the year, not including dividends
credited for that period....................................................................... $1 3,448,090 06
Amount withdrawn during the year................................................... 12,155,934 60
Amount of dividends credited and paid for the year, viz.:
July 1, 1915 ...........................................................................
January 1, 1916 .....................................................................

$781,161 59
806,752 26

1.587.913 85
Average amount of each account January 1, 1916.........................
445 53
Rate per cent, of dividends to depositors during the six months
4
ending June 30, 1915............................................................................
Rate per cent, of dividends to depositors during the six months
ending December 31, 1915...................................................................
4
Total earnings of the bank for the year 1915, after allowing
for amortization of premiums and discounts............................... $2,094,852 41
Total expenses of the bank for the year 1915.................................
185,967 44
Dividends paid to depositors for the year 1915.............................
1.5 87.913 85
Net earnings for the year 1915 over expenses and dividends
paid to depositors...................................................................................
320,971 12




118
40.

R eport on S avin g s B a n k s
T H E D IM E S A V I N G S B A N K OF W I L L I A M S B U R G H , B R O O K L Y N

[209 Havemeyer stre e t; incorporated 1864]
W. P. STURGIS, President.
C. M. LOWES, Treasurer.
R. B. FURGUSON, Vice-President.
CHARLES IvRECK, A sst. Treasurer.
H.
F. M OLLENHAUER, Vice-Pres.

TRUSTEES
W ILLIA M P. STURGIS,
ROBERT B. FERGUSON,
AUGUSTUS W ENZEL,
H. F. M OLLENHAUER,
OTTO F. STRUSE,

A L E X . D. SEYMOUR,
W ARREN F. GOODWIN,
JOHN HOERLE,
ALVAH M ILLE R ,
H. R. FERGUSON,

C. C. M OLLENHAUER,
CORBETT MCCARTHY,
JOHN J. COONEY,
WM. H. VOGEL,
RUSSELL J. PERRINE.

FIN AN CIAL
RESOURCES

Bonds and mortgages................................................................ ............
Stock and bond investments, viz.:
Par
S tocks and bonds
value
Cities in other States.......... $1,030,000 00
Cities in this State.............. 1,756,300 00
Counties in this S tate............
125,000 00
Towns in this State..............
80,000 00
V illages in this S tate..........
50,000 00
School districts in this State
25,000 00
Railroad m ortgage b o n d s...
60,000 00
$3,126,300 00

$7 ,116,900 00

Original
Estimated
cost
market value
$1,052,870 81
$992,580 00
1,832,826 75
1,734,685 50
133,196 50
126,350 00
82,066 23
80,980 00
54,792 65
50,200 00
25,248 25
26,300 00
71,400 00
82,344 00
$3,263,345 19

$3,082,495 50

=—
----------------■ ■■
■
------ Banking house and lot, book value, $125,000; cost, $142,786.54; actual cash value...................................................................
Other real estate, book value, $14,652.14; cost, $14,652.14;
actual cash value ................................................................................
Cash on deposit in banks or trust companies.................................
Cash on hand .............................................................................................
Total of collectible interest...................................................................

3,082,495 50
125,000 00
14,652
917,650
34,664
81,685

14
04
33
58

$11,373,047 59
L IA B IL IT IE S

Amounts due depositors, viz.:
P rincipal ............................................... ............................. ..$10,557,263 44
Dividends credited or to be credited fo r the six
months ending with December 31, 1915......................
201,746 43

------------------ $10,759,009 87
Other liabilities, viz.: Taxes and insurance reserve...................
633 19
Surplus on market value.......................................................................
613,404 53
$11,373,047 59
Surplus on par value, $657,209.03.
CASH TRANSACTIONS DURING THE YEAR 1915
RECEIPTS

Cash on hand and in banks or trust companies January 1,
1915, before transactions of the day.............................................
From depositors, not including dividends crediteed....................
From interest on loans, deposits and investments.....................
From rents from other real estate....................................................
From mortgages .........................................................................................
From redemption of stocks and bonds..............................................
From real estate sold................................................




$845,873
2,5 5 8 ,9 7 5
509,734
116
145,600
43,000
14,000

66
85
67
25
00
00
00

K ings C o u n ty

119

From all other sources, viz.:
Employees income tax withheld at source.................
Refunds on insurance and em ployee’s liability policy
E rror in teller’s cash.........................................................

$75 00
61 63
1 00

------------------

$137 63
$4,117,438 06

PAYM ENTS

To depositors, including dividends paid to them........................ $2,591,977 06
326,050 00
For loans on bonds and mortgages...................................................
For stocks and bonds purchased, including premiums, com­
missions, etc. (total par value, $175,000)..................................
1S2,274 14
For interest (other than dividend payments to depositors) . . .
2,1 03 47
For current expenses of the bank, viz.:
For salaries ..........................................................................
For t a x e s : Banking house, $1,639.45 ; surplus,
$5,231.63 ..................................................................................
F or expenses, except taxes, o f banking hou se:
Repairs ..............................................................................
Other ..................................................................................
F or expenses o f other real estate, v i z .:
Repairs ..............................................................................
Taxes ............: ....................................................................
Other ..................................................................................
F or other expenses, not including expenses o f other
real estate nor other expenses o f banking hou se..

$28,080 00
6,871 08
975 61
2,502 52
25 05
271 09
1 50
8,006 03

-------------------------------------- 46,732 88
For real estate acquired by foreclosure, or in settlement of
debts due the bank...............................................................................
14,652 14
Other payments, viz.:
Em ployees’ income tax withheld a t source..................
Commission on sale o f old banking house.......... .
E rror in teller’s cash.........................................................

$75 00
144 00
1,115 00

-------------------------------------- 1,334 00
Cash on hand and in banks or trust companies December 31,
1915, after
transactions of the day.................................
952,314 37
$4 ,117,438 06
STATISTICAL INFORMATION
15,541
Number of open accounts January 1, 1916....................................
Number of accounts opened or reopened during the year.........
2,512
Number of accounts closed during the year....................................
2,130
Amount deposited during the year, not including dividends
credited for that period....................................................................... $2,558,975 85
Amount withdrawn during the year........... ...................................... 2,591,977 06
Amount of dividends credited and paid for the year, viz.:
A pril 1, 1915 ..........................................................................
July 1, 1915 ...........................................................................
January 1, 1916 ...................................................................

$1,353 95
198,495 79
201,746 43

Average amount of each account January 1, 1916......................
Rate per cent, of dividends to depositors during the six
months ending June 30, 1915............................................................
Rate per cent, of dividends to depositors during the six
months ending December 31, 1915.................................................
Total earnings of the bank for the year 1915, after allowing
for amortization of premiums and discounts.............................
Total expenses of the bank for the year 1915...............................
Dividends paid to depositors for the year 1915...........................
Net earnings for the year 1915 over expenses and dividends
paid to depositors ................................................................................




401.596 17
692 29
4
4
$501,711 15
48,589 40
401.596 17
51,525 58

120

R
41.

epoet

on

S a v in g s B a n k s

E A S T B R O O K L Y N S A V IN G S B A N K , B R O O K L Y N

[643 M yrtle aven ue; Incorporated 1860]
EUGENE P . BARNES, President.
D AVID M OREHOUSE, Treasurer.
JOHN H. IRELAN D, Vice-President.
HENRY W. COONS, Asst. Treasurer.
WM. A . GRAHAM , Vice-President.

TRUSTEES
EUGENE F . BARNES.
JOHN H. IRELAND,
JAM ES S. DAVIS,
ED W AR D F. GEER,
HENRY VON GLAHN,
JOHN T. BARRY,

ROBERT L. WENSLEY,
E. J. P H IL L IP S ,
F R E D 'K E. GUNNISON,
A. R. BOERUM,
CLINTON P. CASE,

H A R R Y A. MOODY.
W IL L IA M A. GRAHAM,
A L F R E D S. HUGHES,
GEORGE NICHOLSON,
D A V ID MOREHOUSE,
LU TH E R M. W ERNER.

FIN AN CIAL
R ESO U RCES

Bonds and mortgages......................
Stock and bond investments, viz.:

$4,437,900 00

Par
value
Cities in other States.........$1,104,000 00
Cities in this S tate.............. 1,269,152 60
Counties in this State........
70,000 00
Villages in this State..........
15,000 00
Railroad m ortgage b o n d s...
700,000 00
S to c k s and

bonds

$3,158,152 60

Banking
actual
Cash on
Cash on
Total of

Original
Estimated
cost
market value
$1,167,052 23
$1,084,290 00
1,293,745 42
1,259,244 17
71,503 66
71,320 00
17,137 50
14,850 00
741,034 30
599,000 00
$3,290,473 11

$3,028,704 17

----------------------------- — ■ - = = ■ ■ 3,0 2 8 ,7 0 4 17
house and lot, book value, $25,000; cost, $48,741.60;
cash value...................................................................................
25,000 00
deposit in banks or trust companies..................................
632,339 40
hand................................................................................................
52,689 22
collectible interest.....................................................................
68,840 61
$8 ,245 ,47 3 40
L IA B IL IT IE S

Amount due depositors, viz.:
P rincipal ................................................................................. $7,536,618 39
Dividends credited or to be credited fo r the six
months ending with December 31, 1915......................
141,433 90

------------------ $7 ,678 ,05 2 29
Surplus on market value..........................................................................
567,421 11
$ 8 ,245 ,47 3 40
Surplus on par value, $696,869.64.
CASH TRANSACTIONS DURING THE Y E A R 1915
R E C E IPTS

Cash on hand and in banks or trust companies January 1,
1915, before transactions of the day...............................................
From depositors, not including dividends credited........................
From interest on loans, deposits and investments...........................
From rents from banking house..........................................................
From mortgages .........................................................................................
From redemption of stocks and bonds.................................................
From all other sources, viz.:
Appraisal fees .....................................................................
T ax search receipts ...........................................................
Insurance premiums returned .......................................




$562,484
1,914,9 73
361,299
432
76,500
58,245

71
18
43
00
00
00

$295 00
132 00
76 05

-------------------------------------- 50305
$2 ,974 ,43 7 37

K

in g s

121

County

PAYM EN TS

To depositors, including dividends paid to them............................. $1 ,870 ,03 8 58
For loans on bonds and mortgages........................................................
266,300 00
For stocks and bonds purchased, including premiums, com­
missions, etc. (total par value, $114,000)......................................
115,865 49
1,122 05
For interest (other than dividend payments to depositors) . . . .
For current expenses of the bank, viz.:
F or salaries ..........................................................................
For
ta x e s : Banking
house, $445.18 ; surplus,
$5,052.21 .................................................................................
F or expenses, except taxes, o f banking hou se:
Repairs ..............................................................................
Insurance .........................................................................
Other .................................................................................
For other expenses, not including expenses o f other
real estate nor other expenses o f banking house..

$24,278 00
5,497 39
294 14
44 00
15 00
5,878 05

Other payments, viz.: Insurance premiums advanced................
Cash on hand and in banks or trust companies December 31,
1915, after transactions of the day...............................................

36,006 58
76 05
685,028 62
$2 ,974 ,43 7 37

STATISTICAL INFORMATION
Number of open accounts January 1, 1916......................................
16,157
Number of accounts opened or reopened during the year...........
2,671
Number of accounts closed during the year......................................
2,403
Amount deposited during the year, not including dividends
credited for that period................................. ..................................... $1 ,914 ,97 3 18
Amount withdrawn during the year...................................................
1,870,0 38 58
Amount of dividends credited and paid for the year, viz.:
July 1, 1915 ............................................................................
January 1, 1916 ...................................................................

$138,087 18
141,433 90

Average amount of each account January 1, 1916.........................
Rate per cent, of dividends to depositors during the six months
ending June 30, 1915............................................................................
Rate per cent, of dividends to depositors during the six months
ending December 31, 1915...................................................................
Total earnings of the bank for the year 1915, after allowing
for amortization of premiums and discounts...............................
Total expenses of the bank for the year 1915..................................
Dividends paid to depositors for the year 1915.............................
Net earnings for the year 1915 over expenses and dividends
paid to depositors ................................................................................




279.521 08
475 22
4
4
$355,695 61
36,006 58
279.521 08
40,167 95

122

R
42.

eport on

EASTERN

S a v in g s B

anks

D I S T R IC T S A V I N G S B A N K , B R O O K L Y N

[1024—
1026 Gates av en u e; incorporated 1895]
LE W IS E. M EEKER, President.
CHAS. LOUIS SICARD, Secretary.
J. B A R K E R SLOANE, Vice-President.
A. MANNING SHEVILL, Cashier.
HOMER L. B A R TLE TT, Vice-Pres.

TRUSTEES
J. P A R K E R SLOANE,
CHARLES L. SICARD,
JOHN W. FRASER,
GEO. W. PAYNTAR,

HENRY L. GAUS,
HENRY VO LLW E ILE R ,
HOMER L. B A R TL E T T,
C. JEROM E EDW ARDS,
CHARLES JACOB.

JOHN W. MOORE,
FR ED E. BRANDIS,
JOHN BOSSERT,
LEW IS E. M EEK ER,

FIN AN CIAL
RESOURCES

Bonds and mortgages ............................................................................ $4,911,290 00
Stock and bond investments, viz.:
Par
Stocks and bonds
value
State o f M issouri ................
$50,000 00
50,000 00
State o f California ..............
Cities in other States......... 1,247,500 00
Cities in this State ............
670,960 00
Counties in this State..........
75,000 00
8,667 78
Villages in this State..........
Railroad m ortgage bon ds..
391,000 00
$2,493,127 78

Original
Estimated
cost
market value
$48,121 68
$49,000 00
48,500 00
48,611 55
1,313,780 32
1,293,750 00
689,349 26
679,558 00
77,250 00
77,530 70
9,382 87
8,667 78
424,802 88
368,870 00
$2,611,579 26

$2,525,595 78

—
■
—
— =
Other real estate, book value, $20,281.19; cost, $20,281.19;
actual cash value ................................................................................
Cash on deposit in banksor trust companies..................................
Cash on hand ..............................................................................................
Total of collectible interest............................................
Amount of all other assets, viz.: New York State barge canal
judgm ents.................................................................................................

2 ,5 2 5 ,5 9 5 78
20,281
733,221
16,154
75,881

19
49
25
50

4,402 47
$8 ,286,826 68

L IA B IL IT IE S

Amount due depositors, v iz.:
P r in c ip a l............................ ..................................................... $7,771,105 74
Dividends credited or to be credited fo r the six
months ending with December 31, 1915....................
140,272 36

------------------ $7 ,911,378 10
Surplus on market value .....................................................................
375,448 58
$8 ,286,826 68
Surplus on par value, $342,980.58.
CASH TRANSACTIONS DURING THE YEA R 1915
R E CEIPTS

Cash on hand and in banks or trust companies January 1,
1915, before transactions of the day.............................................
From depositors, not including dividends credited....................
From interest on loans, deposits and investments....................
From rents from other real estate.....................................................
From mortgages ........................................................................................
From redemption of stocks and bonds.............................................
From stocks and bonds sold (total par value, $108,000).........
From all other sources, viz.: Insurance premiums advanced
refunded ....................................................................................................




$650,657
3,404,4 68
370,022
847
103,560
22,862
110,379

02
43
02
28
00
70
68

142 17
$4 ,662,939 30

K ings C o u n ty

123

PAYM ENTS

To depositors, including dividends paid to them........................... $3 ,106,809 46
For loans on bonds and mortgages...................................................
590,978 34
For stocks and bonds purchased, including premiums, com­
missions, etc. (total par value, $158,000)....................................
167,541 58
For interest (other than dividend payments to depositors)..
1,930 63
For current expenses of the bank, viz.:
F or salaries ..........................................................................
F or expenses, except taxes, o f banking h o u se:
Other .....................................................................................
For rent o f banking room s................................................
For expenses o f other real estate, v i z .:
Repairs ..............................................................................
Insurance ..........................................................................
Taxes .................................................................................
For other expenses, not including expenses o f other
real estate nor other expenses o f banking hou se..

$14,050 00
438 50
2,944 83
54 79
9 50
148 97
6,910 17

24.556 76
For real estate acquired by foreclosure, or in settlement of
debts due the bank................................................................................
Other payments, viz.:
New York State barge canal judgm ents purchased..
Insurance premiums advanced........................................

17.225 90

$4,402 47
118 42

4,520 89
Cash on hand and in banks or trust companies December 31,
1915, after transactions of the day...............................................

749,375 74
$4 ,662,939 30

STATISTICAL INFORMATION
Number of open accounts January 1, 1916.................... .................
23,797
5,350
Number of accounts opened or reopened during the year.........
4,118
Number of accounts closed during the year..................................
Amount deposited during the year, not including dividends
credited for that period..................................................................... $3 ,404,468 43
3,106,809 46
Amount withdrawn during the year ...............................................
Amount of dividends credited and paid for the year, viz.:
July 1, 1915 ...........................................................................
January 1, 1916 .....................................................................

$135,816 22
140,272 36

Average amount of each account January 1, 1916......................
Rate per cent, of dividends to depositors during the six
months ending June 30, 1915..........................................................
Rate per cent, of dividends to depositors during the six
months ending December 31, 1915.................................................
Total earnings of the bank for the year 1915, after allowing
for amortization of premiums and discounts...........................
Total expenses of the bank for the year 1915...............................
Dividends paid to depositors for the year 1915...........................
Net earnings for the year 1915 over expenses and dividends
paid to depositors ................................................................................




276.088 58
332 45
4
4
$368,109 77
24,556 76
276.088 58
67,464 43

124

R
43.

eport

on

S a v in g s B

anks

E A S T N E W Y O R K S A V IN G S B A N K , B R O O K L Y N

[2644 A tlantic aven ue; incorporated 1868]
FR ED ER IC K M IDDENDORF, President.
JOHN M. LINZ, Treasurer.
C. W. COLYER, Vice-President.
ED W AR D A. RICHARDS, Secretary.
CLARENCE F. COLYER, Vice-Pres.

TRUSTEES
F R ED ’ K MIDDENDORF,
C. W. COYLER,
RUDOLPH REIM ER,
FRAN K C. LANG,
F R ED ER IC K D. HART,

CLARENCE F. COLYER.
JOHN M. LINZ,
ADOLPH KIEN DL,
A. H. ACKERMAN,

HENRY MEYER,
G. F. M IDDLED ORF, J r .,
JOHN MEIN, Sr .,
N. W IL LA R D CURTIS,
E. A. RICHARDS.

FIN AN CIAL
RESOURCES

Bonds and mortgages................................................................................
Stock and bond investments, viz.:
Par
value
$53,000 00
190.000 00
662.000 00
47.000 00
24.000 00
445,000 00

Stocks and bonds
State o f California ..............
Cities in other States ___
Cities in this State...............
Towns in this S tate............
Villages in this S tate.........
Railroad mortgage b on d s...

$1,421,000 00

$2 ,373 ,60 0 00

Estimated
Original
market value
cost
$51,675 00
$51,410 00
195,730 91
192.600 00
661,785 00
673,847 35
49,440 00
52,430 00
24,640 00
28,596 00
401.600 00
501,805 82
$1,504,085 08

$1,381,475 00

1,381,475 00
Banking house and lot, book value, $35,399.70; cost, $35,399.70;
actual cash value.....................................................................................
Cash on deposit in banks or trust companies.................................
Cash on hand................................................................................................
Total of collectible interest.....................................................................

25,000
287,999
13,959
53,309

00
68
93
44

$4 ,135 ,34 4 05
L IA B IL IT IE S

Amount due depositors, viz.:
Principal ................................................................................. $3,701,507 18
Dividends credited o r to be credited fo r the six
68,804 87
m onths ending with December 31, 1915......................

------------------ $3 ,770,312 05
Surplus on market value..........................................................................
365,032 00
$4 ,135 ,34 4 05
Surplus on par value, $404,557.
CASH TRANSACTIONS DURING THE YEA R 1915
R E CEIPTS

Cash on hand and in banks or trust companies January 1,
1915, before transactions of the day...............................................
From depositors, not including dividends credited........................
From interest on loans, deposits and investments.........................
From rents from banking house............................................................
From m ortgages.........................................................................................
From redemption of stocks and bonds...............................................
From all other sources, viz.: Refund fire insurance premium.

$302,920
994,889
196,103
300
33,250
10,000
19

81
32
03
00
00
00
50

$1 ,537,482 66
PAYM ENTS

To depositors, including dividends paid to them............................. $1,008,772 97
For loans on bonds and mortgages........................................................
156,850 00
For stocks and bonds purchased, including premiums, com­
missions, etc. (total par value, $ 5 0,00 0)......................................
51,975 00
For interest (other than dividend payments to depositors.. . .
4 56 25




K ings C o u n t y

125

For current expenses of the bank, viz.:
F or salaries ..........................................................................
For ta x es: Banking house, $389.66 ;
surplus, $3,076.45
F or expenses, except taxes, o f banking h o u se :
Repairs .............................................................................
Insurance .........................................................................
O t h e r ................................................................... ..............
F or other expenses, not including expenses o f other
real estate nor other expenses o f banking house..

$12,475 00
3,46611
180 55
218 56
395 70
72331

Other payments, viz.: Fire insurance premium advanced. . . .
Cash on hand and in banks or trust companies December 31,
1915, after transactions of the day.................................................

$17,459 23
9 60
301,959 61
$1,537 ,48 2 66

STATISTICAL INFORMATION
Number of open accounts January 1, 1916....................................
Number of accounts opened or reopened during the year..............
Number of accounts closed during the year......................................
Amount deposited during the year, not including dividends
credited for that period.......................................................................
Amount withdrawn during the year...................................................
Amount of dividends credited and paid for the year, viz.:
July 1, 1915 ...........................................................................
January 1, 1916 ...................................................................

$994, 889 32
1,008,772 97

$67,513 96
68,804 87

Average amount of each account January 1, 1916.........................
Rate per cent, of dividends to depositors during the six months
ending June 30, 1915............................................................................
Rate per cent, of dividends to depositors during the six months
ending December 31, 1915...................................................................
Total earnings of the bank for the year 1915, after allowing
for amortization of premiums and discounts...........................
Total expenses of the bank for the year 1915.................................
Dividends paid to depositors for the year 1915.............................
Net earnings for the year 1915 over expenses and dividends
paid to depositors..................................................................................




9,191
1,473
1, 263

136.318 83
402 73
4
4
$193,914 77
17,468 83
136.318 83
40,127 11

126

R
44.

eport on

S a v in g s B

anks

G E R M A N IA S A V IN G S B A N K , K IN G S C O U N T Y , B R O O K L Y N

[375 Fulton stre e t;
A. GOEPEL, President.
OTTO W ISSNER, Vice-President.
P E TE R H. REPPENHAGEN, Vice-Pres.

incorporated 1867]
OSCAR THOM ASS, Treasurer.
J. C. M. LORENZ, Secretary.
JOHN W. HASS, Cashier.

TRUSTEES
ADOLPH GOEPEL,
CHAS. A. SCHIEREN,
P. H. REPPENHAGEN.
T. E L L E T T HODGSKIN,
EDW ARD L. GRAEF,
JACOB DANGLER,

AUGUST JAHN,
J. F. H ILDEBRAN D.
RICH ARD KNY,
OTTO W ISSNER,
G. W. RASCH,

J. R. MANNHEIM,
HERMAN A. M ETZ,
LOUIS SCHELING,
F R ED ER IC K RENKEN,
W ILLIA M RASMUS,
OSCAR THOM ASS.

FIN AN CIAL
RESOURCES

Bonds and mortgages..............................................
Stock and bond investments, viz.:
Par
S tocks and bonds
value
State o f California ..............
$90,000 00
858,000 00
Cities in other States..........
Cities in this State.............. 2,308,324 55
Counties in this S tate.........
386,000 00
Towns in this S tate...............
29,675 00
Villages in this State..........
173,900 00
R ailroad mortgage bon d s...
20,000 00
$3,865,899 55

$7 ,507,350 00

Estimated
Original
market value
cost
$90,608 40
$90,300 00
891,929 05
864,630 00
2,442,512 97
2,248,277 54
405,991 67
388,320 00
32,658 81
29,391 50
186,133 48
174,682 00
20,448 00
16,200 00
$4,070,282 38

$3,811,80104

3,811,801 04
Banking bouse and lot, book value, $322,900.27; cost, $374,620.05; actual cash value.....................................................................
Other real estate, book value, $35,000; cost, $38,989.42;
actual cash value ................................................................................
Cash on deposit in banks or trust companies.................................
Cash on hand ..................................................................... ......................
Total of collectible interest................................................. .................
Amount of all other assets, viz.:
Rents accrued ........................................................................
New York State barge canal judgm ents......................

322,900 27
35,000
810,002
7,754
93,091

$975 00
4,806 78

00
28
70
62

5,781 78
$12,593,681 69

L IA B IL IT IE S

Amount due depositors, viz.:
P rincipal .............................................................................. ; .$11,589,465 56
Dividends credited o r to be credited fo r the six
months ending with December 31, 1915 ......................
219,803 23

------------------ $11,809,268 79
Surplus on market value.......................................................................
784,412 90
$12,593,681 69
Surplus on par value, $838,511.41.
CASH TRANSACTIONS DURING THE YEAR 1915
RECEIPTS

Cash on hand and in banks or trust companies January 1,
1915, before transactions of the day............................................
From depositors, not including dividendscredited.....................
From interest on loans, deposits andinvestments........................
From rents from banking house.........................................................
From rents from other real estate....................................................
From mortgages ........................................................................................
From redemption of stocks and bonds...............................................
From real estate sold..................................................... ..........................




$843,700
3,0 71.4 87
546,727
18,214
3,077
195,800
65,780
20,300

83
90
11
24
89
00
91
00

K ings C o u n ty

127

From oil other sources, viz.:
A ppraisal fees refunded......................................................
Deficiency judgm ent on contract o f sale......................
Insurance refunded ............................................................

$433 00
1,000 00
3 72

$1,436 72
$4,766,525 60
PAYM ENTS

To depositors, including dividends paid to them......................... $3,133,341 92
For loans on bonds and mortgages......................................................
359,500 00
For stocks and bonds purchased, including premiums, com­
missions, etc. (total par value, $362,000).................................
373,482 21
For interest (other than dividend payments to depositors)..
3,512 17
For current expenses of the bank, viz.:
F or salaries ....................... , ................................................
F or t a x e s :
Banking house, $7,478.30; surplus,
$6,740.45 ..................................................................................
F or expenses, except taxes, o f banking hou se:
Repairs ..............................................................................
Insurance .........................................................................
Other .................................................................................
For expenses o f other real estate, v i z .:
Repairs ..............................................................................
Insurance .........................................................................
Taxes .................................................................................
Other .................................................................................
F or other expenses, not including expenses o f other
real estate nor other expenses o f banking hou se..

$19,374 00
14,218 75
1,290 70
187 85
9,484 23
298
1,010
812
485

87
61
50
08

5,171 28

52,333 93
For real estate acquired by foreclosure, or in settlement of
debts due the bank................................................................................
Other payments, viz.:
Cash short .............................................................................
Commission on real estate so ld .......................................
New York State barge canal judgm ents......................

21,631 61

$100 00
60 00
4,806 78

4,966 78
Cash on hand and in banks or trust companies December 31,
1915, after transactions of the day...............................................

817,756 98
$4 ,766,525 60

STATISTICAL INFORMATION
Number of open accounts January 1, 1916....................................
20,281
Number of accounts opened or reopened during the y e a r . . . .
3,184
Number of accounts closed during the year....................................
2,674
Amount deposited during the year, not including dividends
credited for that period..................................................................... $3,071,487 90
Amount withdrawn during the year.................................................
3,133,341 92
Amount of dividends credited and paid for the year, viz.:
July 1, 1915 ...........................................................................
January 1, 1916 .....................................................................

$216,252 88
219,803 23

Average amount of each account January 1, 1916......................
Rate per cent, of dividends to depositors during the six
months ending June 30, 1915..........................................................
Rate per cent, of dividends to depositors during the six
months ending December 31, 1915.................................................
Total earnings of the bank for the year 1915, after allowing
for amortization of premiums and discounts.............................
Total expenses of the bank for the year 1915.................................
Dividends paid to depositors for the year 1915.............................
Net earnings for the year 1915 over expenses and dividends
paid to depositors ................................................................................




436.056 11
582 32
4
4
$565,003 56
56,515 29
436.056 11
72,432 16

128

R
45.

GERMAN

epoet

on

S A V IN G S

S a v in g s B a n k s

B A N K OF B R O O K L Y N , B R O O K L Y N

[531 B road w ay ;
C H ARLES FROEB, President.
AUGUST C. SCHARMANN, Vice-Pres.

incorporated 1866]
J. A. M OLLENHAUER, Vice-Pres.
HENRY Sl'U M PF, Secretary.

TRUSTEES
TH EO. ENGELHARDT,
J. A . M O L L E N H A U E R ,
CH ARLES FROEB,
A. C. SCH AR M AN N ,
H E N R Y C. D E C K ,

JOHN R. THOMPSON.
J. M. OTTO,
GEORGE B. GOODWIN,
J. H. SCHUMANN,
HENRY STUMPF,

JOSEPH HUBER,
LOUIS ZOLLNER,
JOHN PROBST,
FR ED ERICK W EISBROD,
W ILLIA M K. DICK.

FIN AN CIAL
R ESO U RCES

$11,708,430 00

Bonds and mortgages..............................................
Stock and bond investments, viz.:
Par
S tocks and bonds
value
State
o f C alifornia .............
$12,000 00
21,000 00
State o f Idaho .....................
State
o f Louisiana .............
5,000 00
State
o f Utah ......................
44,000 00
Cities in other States......... 2,181,059 00
Cities in this State............... 2,631,630 36
Counties in this S tate.........
234,000 00
Towns in this State............
44,000 00
Railroad mortgage b o n d s ... 1,640,000 00
$6,812,689 36

Original
Estimated
cost
market value
$11,760 00
$11,757 60
21,173 20
21,170 00
5,015 00
5,000 00
48,400 00
48,655 20
2,276,549 81
2,190,309 39
2,528,419 42
2,744,877 42
254,150 52
230,360 00
46,097 00
45,860 71
1,701,395 00
1,779,533 66
$7,187,573 12

$6,782,910 81

■- - ■
Banking bouse and lot, book value, $83,714.59; cost, $120,714.59 ; actual cash value............................................................................
Cash on deposit in banksor trust companies...................................
Cash on hand...............................................................................................
Total of collectibleinterest......................................................................
Amount of all other assets, viz.:
New York State barge canal judgm ents........................
Rents acrued ........................................................................

6,7 8 2 ,9 1 0 81
83,714
1,915,000
74,339
151,629

59
00
27
66

$12,519 31
381 26

-------------------------------------- 12,900 57
$20,728,924 90
L IA B IL IT IE S

Amount due depositors, viz.:
Principal ................................................................................. $18,879,818 30
Dividends credited or to be credited fo r the six
months ending with December 31, 1915 ......................
348,836 75

------------------ $19,228,655 05
Surplus on market value..........................................................................
1,500,269 85
$20,728,924 90
Surplus on par value, $1,530,048.40.
CASH TRANSACTIONS DURING THE YEA R 1915
R E CEIPTS

Cash on hand and in banks or trust companies January 1,
1915, before transactions of the day............................................... $1,786,486 81
From depositors, not including dividends credited......................... 6,0 9 8 ,8 4 6 66
From interest on loans, deposits andinvestments...........................
911,852 18
From rents from banking house............................................................
4,017 54
From m ortgages.........................................................................................
128,550 00
From redemption of stocks and bonds.................................................
31,196 00
From stocks and bonds sold (totalpar value,$179,000)...............
174,109 90
From real estate sold................................................................................
6 ,9 5 0 00




K

in g s

C o u n ty

129

From all other sources, viz.:
Rebate on bonds purchased.............................................
Sale o f drinking cups.........................................................
Satisfaction pieces ............................................................
Insurance premiums advanced, refunded......................

$32
9
81
30

50
20
00
00

------------------

$152 70
$9,142,161 79

PAYM ENTS

$5,493,624 68
To depositors, including dividends paid to them........................
1,024,6 80 00
For loans on bonds and mortgages.................................................
For stocks and bonds purchased, including premiums, com­
missions, etc. (total par value, $553,421.88).............................
555,636 56
7,264 75
For interest (other than dividend payments to depositors) . . .
For current expenses of the bank, v iz.:
For salaries ..........................................................................
For t a x e s : Banking house, $1,280.92; surplus, $12,531.18; on mortgages, $32.94.............................................
F or expenses, except taxes, o f banking h o u se :
Repairs ..............................................................................
Insurance ..........................................................................
For expenses o f other real estate, v i z .:
Taxes ...............................................................................
For other expenses, not including expenses o f other
real estate nor other expenses o f banking house.

$37,270 88
13,845 04
1,131 17
65 33
48 46
6,706 34

59,067 22
Other payments, viz.:
New York State barge canal judgm ents purchased...
Insurance premiums ...........................................................

$12,519 31
30 00

12,549 31
Cash on hand and in banks or trust companies December 31,
1915, after transactions of the day...............................................

1,989,339 27
$9,142,161 79

STATISTICAL INFORMATION
43,228
Number of open accounts January 1, 1916......................................
7,253
Number of accounts opened or reopened during the year.........
5,567
Number of accounts closed during the year....................................
Amount deposited during the year, not including dividends
credited for that period..................................................................... $6,098,846 66
5,4 9 3 ,6 2 4 68
Amount withdrawn during the year...................................................
Amount of dividends credited and paid for the year, viz.:
July 1, 1915 ...........................................................................
January 1, 1916 .....................................................................

$335,740 64
348,836 75

Average amount of each account January 1, 1916......................
Number of accounts which exceeded $3,000, exclusive of divi­
dends, credited at the last trial balance of depositors’
ledgers, except deposits arising from society accounts, or ju­
dicial sales, or trust funds, or by order of a court of record
or of a surrogate....................................................................................
Total amount of such accounts............................................................
Rate per cent, of dividends to depositors during the six months
ending June 30, 1915...........................................................................
Rate per cent, of dividends to depositors during the six months
ending December 31, 1915...................................................................
Total earnings of the bank for the year 1915, after allowing
for amortization of premiums and discounts.............................
Total expenses of the bank for the year 1915.................................
Dividends paid to depositors for the year 1915.............................
Net earnings for the year 1915 over expenses and dividends
paid to depositors..................................................................................

5




684,577 39
444 82

4
$13,084 81
4
4
$897,234 18
59,067 22
684,577 39
153,589 57

130

R epoet on S avin gs B a n k s
46.

T H E G R E A T E R N E W Y O R K S A V IN G S B A N K , B R O O K L Y N

[498 Fifth aven ue;
C. J. OBERMAYER, President.
A L E X A N D E R G. CALDER, Vice-Pres.

incorporated 1897]
CIIAS. G. BALMANNO, Vice-Pres.
WM. OBERMAYER, Secretary.

TRUSTEES
C. J. OBERMAYER,
CHARLES RUSTON,
W ILLIA M J. M AXW ELL,
W. F. VANDEN IIOUTEN,
ALLAN BOW IE,
THOMAS MURPHY.
A L E X . G. CALDER,
FR AN K A. SELLE,

M ILO M. BELDING, JR.,
H. B. M cN A IR ,
CIIAS. G. BALMANNO,
WM. OBERM AYER,
W. M. M ESEROLE,
WM. K. CLEVERLEY,
W ALTER CRITCH LEY,
JOHN LAMONT.
A R C H IB A LD SIMPSON.

GUSTAVE HARTUNG,
JOHN E. RUSTON,
FR ED ER IC K W. STARR,
WM. W. SPENCE,
LUDW IG M ERK LEIN,
GUY LOOMIS,
WM. D. BUCKNER,
RAYMOND H. FIERO ,

FIN AN CIAL
RESOURCES

Bonds and mortgages ...........................................................................
Stock and bond investments, viz.:
Par
value
$100,000
592,500
388,000
25,000
14,500
17,000

S to c k s and b on d s

State* o f New York ..............
Cities in other States............
Cities in this State...............
Towns in this State............
Villages in this S tate............
School districts in this State

00
00
00
00
00
00

$1,137,000 00

$2,520,600 00

Original
Estimated
cost
market value
$105,387 00
$106,00000
620,191 93
597,40500
385,376 08
302,82000
25,457 50
24,87000
15,436 00
14,29000
17,589 80
17,10500
$1,169,438 31

$1,122,490 00

■

■ ■■
■ ------- - —
=
1,122,490 00
Other real estate, book value, $23,000; cost, $26,551.08;
actual cash value ...............................................................................
23,000 00
400,069 88
Cash on deposit in banks or trust companies.................................
Cash on hand ................................................... ..........................................
21,656 39
Total of collectible interest...................................................................
38,615 84
$4 ,126,432 11
L IA B IL IT IE S

Amount due depositors, viz.:
P r in c ip a l.............................................................................. . $3,902,075 89
Dividends credited or to be credited fo r the six
months ending with December 31, 1915.......................
68,780 65

------------------ $3,970,856 54
155,575 57
Surplus on market value....................................................... ...............
$4 ,126,432 11
'..........——
■ ■-

Surplus on par value, $170,085.57.

CASH TRANSACTIONS DURING THE YEA R 1915
R E C E IPTS

Cash on hand and in banks or trust companies January 1,
1915, before transactions of the day............................................
$330,863 57
From depositors, not including dividends credited......................
1,819,128 74
From interest on loans, deposits andinvestments..........................
181,978 90
From rents from other realestate......................................................
2,561 29
From mortgages ................................................... .....................................
125,750 00
From redemption of stocks and bonds...............................................
500 00
From stocks and bonds sold
(total parvalue, $119,700).
118,609 85
From real estate sold..............................................................................
4 ,5 00 00
From all other sources, viz.:
Nickle plated banks lost and paid f o r ...........................
Cash over ...............................................................................




$10 00
70 18

$2,583,972 53

131

K ings C o u n ty
PAYM EN TS

To depositors, including dividends paid to them........................... $1,517,507 41
For loans on bonds and mortgages.....................................................
313,050 00
For stocks and bonds purchased, including premiums, com­
missions, etc. (total par value, $290,000).................................
300,931 99
For interest (other than dividend payments to depositors)..
2,443 84
For current expenses of the bank, viz.:
F or salaries ...........................................................................
For ta x es: Surplus...................................................
For expenses, except taxes, o f banking h o u se : Re­
pairs ......................................................................................
For rent o f banking room s.................................................
For expenses o f other real estate, viz. :
Repairs ..............................................................................
I n s u r a n c e ...............................
Taxes .................................................................................
O t h e r ..................................................................................
For other expenses, not including expenses o f other
real estate nor other expenses o f banking house..

$15,130 51
1,223 89
289 20
3,300 00
768
192
714
416

17
66
19
14

6,272 26

28,313 02
Cash on hand and in banks or trust companies December 31,
1915, after transactions of the day...............................................

421,726 27
$2,583,972 53

STATISTICAL INFORMATION
16,599
Number of open accounts January 1, 1916......................................
4,191
Number of accounts opened or reopened during the year.........
Number of accounts closed during the year......................................
3,211
Amount deposited during the year, not including dividends
credited for that period....................................................................... $1,819,123 74
Amount withdrawn during the year.................................................
1,517,507 41
Amount of dividends credited and paid for the year, viz.:
July 1. 1915 .............................................................................
January 1, 1916 .....................................................................

$64,719 78
68,780 65

Average amount of each account January 1, 1916......................
Rate per cent, of dividends to depositors during the six
months ending June 30, 1915........... ................................................
Rate per cent, of dividends to depositors during the six
months ending December 31, 1915.................................................
Total earnings of the bank for the year 1915, after allowing
for amortization of premiums and discounts.............................
Total expenses of the bank for the year 1915...............................
Dividends paid to depositors for the year 1915...........................
Net earnings for the year 1915 over expenses and dividends
paid to depositors .............................................................................




133.500 43
239 22
4
4
$185,177 91
28,313 02
133.500 43
23,364 46

132

R eport on S avin g s B a n k s
47.

T H E G R E E N P O IN T S A V I N G S B A N K , B R O O K L Y N

[807 Manhattan av en u e; incorporated 1868]
EPH R A IM A. W ALKER, President.
GEORGE W. FE LT E R , Secretary.
C. H. REYNOLDS, Vice-President.
FRAN K S. H ARLOW , Asst. Secretary.
D. A. MANSON, Vice-President.

TRUSTEES
E PH RAIM A. W ALKER,
PE TER BURDEN,
HENRY DUCKER,
DONALD A. MANSON,

L E W IS JURGENS,
JAS. A. M cC A FFER TY ,
GEORGE W. F E LTE R ,
CHAS. H. REYNOLDS,
D A V ID M ARTIN .

FRANK S. HARLOW ,
FERNAND S. BELLEVUE,
W ILLIA M B. CATER,
GEORGE E. PERRY,

FIN AN CIAL
RESOURCES

Bonds and mortgages................................................................................ $5 ,104,600 00
Stock and bond investments, viz.:
Par
Stocks and bonds
value
$70,000 00
State o f Oklahoma ...............
155.000 00
State o f Tennessee...................
25.000 00
State o f Idaho.........................
State o f C alifornia.................
50.000 00
Cities in other States......... 1,223,000 00
Cities in this State............... 1,205,500 00
Counties in this State..........
370.000 00
Towns in this State...............
54.000 00
Railroad mortgage b o n ds...
585.000 00
$3,737,500 00

Original
Estimated
cost
market value
$70,654 62
$70,700 00
159,617 05
161,950 00
25,492 50
25.500 00
51.500 00
51,193 52
$1,248,479 59 $1,219,620 00
1,228,576 16
1,197,633 00
397,680 13
358,750 00
54,000 00
54,479 24
586,015 63
479,000 00
$3,822,188 44

$3,618,653 00

---------- -- ■ ■ - ......
—
—
Banking house and lot, book value, $125,000; cost, $169,227.76;
actual cash value..................................................................................
Cash on deposit in banksor trust companies...............................
Cash on hand................................................................................................
Total of collectible interest....................................................................
Amount of all other assets, viz.: New York State barge canal
judgments ................................................................................................

3,618,6 53 00
125,000
809,501
33,894
78,719

00
19
95
55

13,470 09
$9 ,783,838 78

L IA B IL IT IE S

Amount due depositors, viz.:
Principal ................................................................................. $8,675,387 88
Dividends credited or to be credited fo r the six
months ending with December 31, 1915......................
160,745 10

------------------ $8,836,132 98
Other liabilities, viz.: Expenses incurred, but unpaid, taxes
accrued ..........................
4,500 00
Surplus on market value.........................................................................
943,205 80
$9 ,783,838 78
Surplus on par value, $1,062,052.80.
CASH TRANSACTIONS DURING THE YEA R 1915
RECEIPTS

Cash on hand and in banks or trust companies January 1,
1915, before transactions of the day...............................................
From depositors, not including dividends credited......................
From interest on loans, deposits and investments.........................
From mortgages .......................................................................................
From redemption of stocks and bonds...............................................
From stocks and bonds sold (total par value, $180,000)...........




$546,430
2,4 17,0 43
439,457
131,850
241,600
185,461

57
77
68
00
00
88

$3 ,961,843 90

133

K ings C o u n ty
PAYM ENTS

To depositors, including dividends paid to them........................ $2 ,161,349 11
321,875 00
For loans on bonds and mortgages...................................................
For stocks and bonds purchased, including premiums, com­
missions, etc. (total par value, $552,000).................................
563,203 34
For interest (other than dividend payments to depositors) . . . .
7,742 95
For current expenses of the bank, viz.:
F or salaries .........................................................................
F or t a x e s : Banking house, $2,382.20; surplus, $8,791.96 ......................................................................................
For expenses, except taxes, o f banking h o u s e :
Repairs ..............................................................................
Insurance ..........................................................................
F or other expenses, not including expenses o f other
real estate nor other expenses o f banking house..

$35,502 50
11,174 16
775 29
184 09
3,171 23

-----------------Other payments, viz.: New York State barge canal judg­
ments purchased ..................................................................................
Cash on hand and in banks or trust companies December 31,
1915, after transactions of the day...............................................

50,S07 27
13,470 09
S43,396 14
$3,961,843 90

STATISTICAL INFORMATION
Number of open accounts January 1, 1916......................................
I S ,552
Number of accounts opened or reopened during the year.........
3,446
Number of accounts closed during the year.................................
2,744
Amount deposited during the year, not including dividends
credited for that period..................................................................... $2,417,043 77
Amount withdrawal during the year.................................................
2 ,1 61,3 49 11
Amount of dividends credited and paid for the year, viz.:
July 1, 1915 .............................................................................
January 1, 1916 ......................................................................

$154,972 02
160,745 10

Average amount of each account January 1, 1916......................
Rate per cent, of dividends to depositors during the six months
ending June 30, 1915............................................................................
Rate per cent, of dividends to depositors during the six months
ending December 31, 1915...................................................................
Total earnings of the bank for the year 1915, after allowing
for amortization of premiums and discounts.............................
Total expenses of the bank for the year 1915.................................
Dividends paid to depositors for the year 1915.............................
Net earnings for the year 1915 over expenses and dividends
paid to depositors..................................................................................




315.717 12
476 29
4
4
$435,433 34
50,807 27
315.717 12
68,908 95

134

R eport on S ayin g s B a n k s
48.

HAMBURG

S A V IN G S B A N K , B R O O K L Y N

[1451 M yrtle aven ue; incorporated 1906]
D AVID ENGEL. President.
NICHOLAS A. STEMMERMANN, ViceROBERT E. M OFFETT, Vice-Pres.
President.
GEO. C. UNBESCHEIDEN, Secy.

TRUSTEES
D AVID ENGLE,
N. A. STEMMERMANN,
H. L. SCHELLING,
HENRY C. BOHACK,
A LBERT L. LEVI,

THEODORE C. E PPIG,
II. J. HOLTERMANN,
CHAS. AICHMANN,
ERN EST A. FLEISCH ER,
OTTO SPANGENBERG,

HENRY C. BAINBRIDG E,
ROBERT E. M OFFETT,
W. P. BOGGS,
HENRY F. W AGNER,
F. AUGUST SCHURMANN.

FIN AN CIAL
RESOURCES

Bonds and mortgages................................................................................ $1,143 ,10 0 00
Stock and bond investments, viz.:
Par
value
$25,000 00
29,000 00
178,000 03
14,000 00
92,100 00
68,200 00
59,000 00

S tocks and bonds
State o f New York ..............
Cities in other States .........
Cities in this State.................
Towns in this State ............
Villages in this State............
School districts in this State
Railroad mortgage bonds----

$465,300 03

Original
Estimated
cost
market value
$25,500 00
$25,765 63
28,006 00
27,920 00
175,621 68
175,970 32
14,040 00
14,075 20
93,070 00
92,950 02
69,956 50
70,820 70
51,600 00
56,208 76
$463,796 63

$457,708 18

457,708
178,080
7,143
11,338

Cash on deposit in banks or trust companies.................................
Cash on hand...............................................................................................
Total of collectible interest...................................................................
Amount of all other assets, viz.: New York State barge canal
judgments ...............................................................................................

18
06
25
29

4,937 63
$1,802,307 41

L IA B IL IT IE S

Amount due depositors, viz.:
Principal ................................................................................. $1,727,895 30
Dividends credited or to be credited fo r the six
months ending with December 31, 1915......................
31,146 15

------------------ $1,759,041 45
Surplus on market value.......................................................................
43,265 96
$1,802,307 41
— ...........

Surplus on par value, $50,857.81.

CASH TRANSACTIONS DURING THE YEAR 1915
R E CEIPTS

Cash on hand and in banks or trust companies January 1,
1915, before transactions of the day...............................................
From depositors, not including dividends credited......................
From interest on loans, deposits and investments........................
From mortgages .......................................................................................
From redemption of stocks and bonds...............................................

$72,501
746,913
80,347
24,900
31,416

10
08
53
00
67

$956,078 38
PAYM EN TS

To depositors, including dividends paid to them...........................
For loans on bonds and mortgages......................................................
For stocks and bonds purchased, including premiums, com­
missions, etc. (total par value, $ 3 2,00 0)......................................
For interest (other than dividend payments to depositors) . . . .




$680,769 25
43,250 00
32,587 39
598 67

K ings C o u n ty

135

For current expenses of the bank, viz.:
For salaries ...........................................................................
For ta x e s: Banking house, $480; surplus, $218.12___
F or expenses, except taxes, o f banking h o u s e :
R e p a ir s ..............................................................................
I n s u r a n c e ..........................................................................
O t h e r ..................................................................................
For rent o f banking room s................................................
For other expenses, not including expenses o f other
real estate nor other expenses o f banking house..

$3,901 00
698 12
63
96
784
1,500

56
20
00
00

1,669 25

$8,712 13
Other payments, v iz.: New York State barge canal judg­
ments purchased ....................................................................................
Cash on hand and in banks or trust companies December 31,
1915, after transactions of the day.................................................

4,937 63
185,223 31
$956,078 38

STATISTICAL INFORMATION
Number of open accounts January 1, 1916......................................
Number of accounts opened or reopened during the year...........
Number of accounts closed during the year.................................
Amount deposited during the year, not including dividends
credited for that period.......................................................................
Amount withdrawn during the year...................................................
Amount of dividends credited and paid for the year, viz.:
July 1, 1915 ...........................................................................
January 1, 1916 .......... ............ .............................................

$746,913 08
680,769 25

$29,815 10
31,146 15

Average amount of each account January 1, 1916........................
Rate per. cent of dividends to depositors during the six months
ending June 30, 1915...........................................................................
Rate per cent of dividends to depositors during the six months
ending December 31, 1915...................................................................
Total earnings of the bank for the year 1915, after allowing
for amortization of premiums and discounts.............................
Total expenses of the bank for the year 1915.................................
Dividends paid to depositors for the year 1915...............................
Net earnings for the year 1915 over expenses and dividends
paid to depositors..................................................................................




6,774
1,534
1,029

60.961 25
259 67
4
4
$80,516 44
8,712 13
60.961 25
10,843 06

R eport on S avin gs B a n k s

136
49.

H OM E S A V IN G S B A N K , B R O O K LY N

[804 M anhattan av en u e; incorporated 1906]
M ARSH ALL W. GLEASON, President.
JOHN W. BURR, Vice-President.
LOUIS STERN, Vice-President.
V. M. POW ELL, Cashier.

TRUSTEES
GEORGE II. GERARD,
M. W. GLEASON,
JOHN W. BURR,
HARRY A. JEW ELL,
M ORRIS SALZMAN,

LOUIS STERN,
OSCAR A. BOCH,
CHAS. F. BALL,
CHAS. W. GR IFFIN ,
EDGAR H. HAZELWC
EDW IN J. SUTPHIN.

THOMAS F. KELLY,
J. R. HAZELW OOD,
M. H. CAVANAUGH,
GEORGE H. ROWE,
ROSCOE HAZELW OOD,

FIN AN CIAL
RESOURCES

Bonds and mortgages...............................................
Stock and bond investments, viz.:
Par
value
$28,500 00
20,600 00
15.000 00
9,500 00
38,750 00
37.000 00

S to c k s and bon ds

Cities in other States............
Cities in this State...............
Counties in this State..........
Towns in this State.............
Villages in this State............
School districts in this State

$149,350 00

$347,700 00

Original
Estimated
cost
market value
$29,509 65
$28,265 00
21,382 00
21,595 18
15,000 00
15,250 00
9,673 30
9,540 00
40,230 25
39,862 50
38,442 52
37,436 00
$154,450 90

$151,735 50

151,735
4S,776
4,2 10
4 ,1 44

Cash on deposit in banks or trust companies...................................
Cash on hand...............................................................................................
Total of collectible interest.....................................................................
Amount of all other assets, v iz.:
Vaults, furniture and
fixtures ......................................................................................................

50
07
03
81

3 ,0 00 00
$559,566 41

L IA B IL IT IE S

Amount due depositors, viz.:
Principal .................................................................................
Dividends credited or to be credited fo r the six
months ending with December 31, 1915......................

$534,861 28
9,796 04

-----------------Surplus on market value...........................................................................

$544,657 32
14,909 09
$559,566 41

Surplus on par value, $12,523.59.
CASH TRANSACTIONS DURING THE YEA R 1915
RECEIPTS

Cash on hand and in banks or trust companies January 1,
1915, before transactions of the day...............................................
From depositors, not including dividends credited........................
From interest on loans, deposits and investments........................
From mortgages .........................................................................................
From redemption of stocks and bonds...............................................
From stocks and bonds sold (total par value, $1 5,000).............
From all other sources, viz.: Profit on sale of bonds................

$29,991
230,981
27,700
18,500
9,2 50
15,000
600

64
43
54
00
00
00
00

$332,023 61
PAYM EN TS

To depositors, including dividends paid to them...........................
For loans on bonds and mortgages.....................................................
For stocks and bonds purchased, including premiums, commis­
sions, etc. (total par value, $2 2,00 0).............................................
For interest (other than dividend payments to depositors)-----




$231,847 04
19,500 00
22,087 20
125 53

K ings C o u n ty

137

For current expenses of the bank, viz.:
For salaries ...........................................................................
For expenses, except taxes, o f banking house : Other
For rent o f banking room s.................................................
F or other expenses, not including expenses o f other
real estate nor other expenses o f banking h o u se...

$3,372 00
234 90
1,400 00
470 84

----------------Cash on hand and in banks or trust companies December 31,
1915, after transactions of the day.................................................

$5,477 74
52,986 10
$332,023 61

STATISTICAL INFORMATION
Number of open accounts January 1, 1916......................................
Number of accounts opened or reopened during the year...........
Number of accounts closed during the year...................................
Amount deposited during the year, not including dividends
credited for that period.....................................................................
Amount withdrawn during the year.................................................
Amount of dividends credited and paid for the year, viz.:
July 1, 1915 .............................................................................
January 1, 1916 .....................................................................

$230,981 43
231,847 04

$9,704 92
9,796 04

Average amount of each account January 1, 1916........................
Rate per cent, of dividends to depositors during the six months
ending June 30, 1915...........................................................................
Rate per cent, of dividends to depositors during the six months
ending December 31, 1915...................................................................
Total earnings of the bank for the year 1915, after allowing
for amortization of premiums and discounts.............................
Total expenses of the bank for the year 1915.................................
Dividends paid to depositors for the year 1915.............................
Net earnings for the year 1915 over expenses and dividends
paid to depositors..................................................................................




2,356
521
441

19,500 96
231 17
4
4
$27,770 92
5,477 74
19,500 96
2,792 22

138

R eport on S avin gs B an k s
50.

T H E K IN G S C O U N T Y S A V IN G S IN S T IT U T IO N , B R O O K L Y N

[135 Broadway, corner Bedford av en u e; incorporated 1860]
HUBERT G. TAYLOR, President.
JOHN S. M cKEON, Secretary.
A LFR E D HODGES, Vice-President.
JACOB HENTZ, Cashier.
J. CARLISLE LOUDON, Vice-Pres.

TRUSTEES
ROBERT L IPTR O TT,
EDW ARD M cGARVEY,
HU BERT G. TAYLOR.
JACOB C. KLINCK,

A LFR E D HODGES,
AUGUSTUS P. DAY,
W ALTE R M ATHISON,
W ILLIA M C. CARRICK,
J. CARLISLE LOUDON.

CORNELIUS E.
DONNELLON,
W. W INTHROP TAYLOR,
T
S. A. COYKENDALL.
JAS. R. BRENNAN,

FINANCIAL
RESOURCES

Bonds and mortgages................................................................................ $6,302 ,35 0 00
Stock and bond investments, viz.:

.

Par
S tocks and bonds
value
$25,000 00
State ot' California ...............
S t a t e o f M aryland...................
25,000 00
S t a t e o f O k la h o m a ...............
25,000 00
Cities in other S t a t e s 1,339 000 00
Cities in this State. 1,794,500
00
Counties in this State............
63,533 47
V illages in this State............
153,000 00
S c h o o l d i s t r i c t s in t h i s S t a t e
93,500 00
R a i lr o a d m o r t g a g e b o n d s
. .. 2,986,700 00
$6,505,233 47

Original
Estimated
cost
market value
$23,500 00
$23,500 00
24,750 00
24,75000
25,385 25
25,25000
1,393,998 53
1,354,130 00
1,852,074 62
1,711,245 00
68,982 62
62,89814
159,671 47
158,53000
95,091 62
93,115 00
3,232,409 16
2,889,190 73
$6,875,863 27

$6,342,608 87

— —
■ ==— —
$6 ,342,608 87
Banking house and lot, book value, $70,000; cost, $142,637;
actual cash value..................................................................................
70,000 00
Other real estate, book value, $187,517.35; cost, $184,585.16;
actual cash value..................................................................................
184,585 16
Cash on deposit in banks or trust companies.................................
1,003,267 20
Cash on hand...............................................................................................
30,852 75
Total of collectible interest.....................................................................
111,918 40
Amount of all other assets, viz.: Insurance advanced................
45 00
$14,045,627 38
L IA B IL IT IE S

: -------------------=

Amount due depositors, viz.:
Principal ................................................................................. $12,826,797 52
Dividends credited or to be credited fo r the six
months ending with December 31, 1915......................
248,012 60

------------------$13,074,810 12
Surplus on market value.........................................................................
970,817 26

Surplus on par value, $1,133,441.86.

$14,045,627 38
-----

CASH TRANSACTIONS DURING THE YEAR 1915
RECEIPTS

Cash on hand and in banks or trust companies January 1,
1915, before transactions of the day............................................
From depositors, not including dividends credited......................
From interest on loans, deposits and investments.......................
From rents from other real estate.....................................................
From mortgages .......................................................................................
From redemption of stocks and bonds..............................................
From all other sources, viz.:
Judgments .....................................
Insurance rebate .................................................................
F ire loss ................................................................................




$948,440
2 ,1 67,0 47
631,386
10,704
205,950
207,500

99
44
41
00
00
00

$1,111 50
1 14
540 00

-------------------------------------- 1,652 64
$4,172,681 48

139

K ings C o u n ty
PAYM EN TS

To depositors, including dividends paid to them........................... $2 ,623 ,82 6
For loans on bonds and mortgages.....................................................
134,650
For stocks and bonds purchased, including premiums, commis­
sions, etc. (total parvalue,$290,000)...............................................
282,539
For interest (other
thandividendpayments to depositors) . . . . 3,954
For current expenses of the bank, viz.:
For salaries ..........................................................................
For ta x es: Banking house, $982.32; surplus, $7,102.70 .
For expenses, except taxes, o f banking h o u s e :
Repairs ..............................................................................
Insurance ..........................................................................
Other .................................................................................
F or expenses o f other real estate, v i z .:
Repairs ..............................................................................
Insurance ..........................................................................
Taxes .................................................................................
Other .................................................................................

48
61

$37,190 00
8,085 02
296 70
507 02
3,405 52
7,632
298
3,670
2,165

61
89
34
57

-----------------For real estate acquired by foreclosure, or in settlement of
debts due the bank..............................................................................
Other payments, viz.:
Insurance advanced ............................................................
Foreclosure expenses .................................................... . . . .

59
00

63,251 67
27,000 00

$75 00
3,264 18

-------------------------------------- 3,339 18
Cash on hand and in banks or trust companies December 31,
1915, after transactions of the day.................................................
1,034,119 95
$4,172,681 48
STATISTICAL INFORMATION
Number of open accounts January 1, 1916......................................
14,208
Number of accounts opened or reopened during the year...........
1,288
Number of accounts closed during the year......................................
1,392
Amount deposited during the year, not including dividends
credited for that period..................................................................... $2 ,167,047 44
Amount withdrawn during the year...................................................
2,6 23,8 26 59
Amount of dividends credited and paid for the year, viz.:
July 1, 1915 ...........................................................................
January 1, 1916 .....................................................................

$246,705 72
248,012 60

Average amount of each account January 1, 1916.........................
Rate per cent, of dividends to depositors during the six months
ending June 30, 1915...........................................................................
Rate per cent, of dividends to depositors during the six months
ending December 31, 1915...................................................................
Total earnings of the bank for the year 1915, after allowing
for amortization of premiums and discounts...............................
Total expenses of the bank for the year 1915.................................
Dividends paid to depositors for the year 1915...............................
Net earnings for the year 1915 over expenses and dividends
paid to depositors..................................................................................




494.718 32
920 24
4
4
$617,969 45
63,251 67
494.718 32
59,999 46

140

R eport on S avin gs B a n k s
51.

P R U D E N T IA L S A V IN G S B A N K , B R O O K LY N

[B roadw ay and Vernon av en u e; incorporated 1908]
D IE T R IC H W. K A A TZE , President.
H E R B E R T A. O’B RIEN , Treasurer.
JOHN AUER, S r ., Vice-President.
H OLLIS II. SEARLES, Cashier.
JOHN H. SCANNELL, Vice-President.
LOUIS P. BUCK, Assistant Cashier.

TRUSTEES
D IE TR IC H W. K A ATZE,
JOHN AUER, Sr .,
JOHN II. SCHANNELL,
H E RBERT A. O’ BRIEN,
FRANCIS B. MULLIN,
HOLLIS H. SEARLES,
LOUIS P. BUCK,

CHARLES W ISSMAN,
B. P. VAN BENTHUYSEN.
A LFR E D E. PECK,
M ANASSEH M ILLER,
AUGUST HASENFLUG,
CHAS. VOLLM ER,

ROBERT W. M ARTIN,
WM, J. E L LIO TT,
JOS. VOLLKOMM ER,
WM. H. FRANK,
THOS. H. IRELAND,
GEORGE P. BUSCH,
L E W IS C. GEHRING.

FIN AN CIAL
RESOURCES

Bonds and mortgages...............................................
Stock and bond investments, viz.:
Par
value
$10,800 00
120,500 00
50,111 32
103,600 00
221,969 03
109,000 00

S tocks and bonds
State o f Oklahoma ...............
Cities in other States............
Cities in this State...............
Tow ns in this State..............
Villages in this S tate............
R ailroad mortgage bonds___

$615,980 35

$1 ,482,675 00

Original
Estimated
cost
market value
$10,883 41
$10,908 00
125,831 53
124,034 00
50,181 75
50,543 79
108,754 09
107,617 50
225,676 33
226,068 37
103,991 69
103,870 00
$625,710 84

$622,649 62

622,649 62
Other real estate, book value, $31,331.42; cost, $31,331.42;
actual cash value....................................................................................
Cash on deposit in banks or trust companies.................................
Cash on hand....................................................................... ........................
Total of collectible interest.....................................................................
Amount of all other assets, viz.: New York State barge canal
judgment ...................................................................................................

31,331 42
217,402 68
31,009 71

19,609 82
4,8 64 92
$2 ,409 ,54 3 17

L IA B IL IT IE S

- ■■ ■

Amount due depositors, viz.:
Principal ................................................................................. $2,306,773 80
Dividends credited or to be credited fo r the six
months ending with December 31, 1915......................
41,485 09

------------------ $2,348,258 89
Surplus on market v a lu e ........................................................................
61,284 28
$2 ,409,543 17
—=

Surplus on par value, $54,615.01.

CASH TRANSACTIONS DURING THE YEA R 1915
R E CEIPTS

Cash on hand and in banks or trust companies January 1,
1915, before transactions of the day............................................
From depositors, not including dividends credited......................
From interest on loans, deposits and investments........................
From rents from other real estate......................................................
From mortgages ........................................................................................
From redemption of stocks and bonds................................................
From stocks and bonds sold (total par value, $31,50 0)............
From all other sources, viz.:
From interest credited but not received......................
Insurance repaid ...................................................................
Received on foreclosed p roperty...................................
Exchange on checks and telephone................................




$20
60
189
11

$206,097
987,986
114,703
1,074
4 4 ’ 375
,
35,579
32,307

76
99
16
50
00
13
89

00
46
21
75

-------------------------------------- 28142
$1 ,422 ,40 5 85

K ings C o u n ty

141

PAYM EN TS

To depositors, including dividends paid to them...........................
For loans on bonds and mortgages.....................................................
For stocks and bonds purchased, including premiums, commis­
sions, etc. (total par value, $145,533)..........................................
For interest (other than dividend payments to depositors) . . . .
For current expenses of the bank, viz.:
For salaries ...........................................................................
F or taxes : Surplus,$407.38...........................
For expenses, except taxes, o f banking h o u s e :
Repairs ...........................................................................
I n s u r a n c e ..........................
O t h e r ..................................................................................
For rent o f banking room s...................................................
F or expenses of other real estate, viz. :
Repairs ..............................................................
Insurance ..........................................................................
O t h e r ..................................................................................
For other expenses, not including expenses o f other
real estate nor other expenses o f banking h ou se..

$825,944 11
142,800 00
145,468 84
1,474 68

$5,456 88
407 38
5
66
460
7,200

62
77
75
00

541 88
84 19
144 62
873 62

15,241 71
For real estate acquired by foreclosure, or in settlement of
debts due the bank................................. ..............................................
Other payments, viz.:
Paid on organization account and interest...............
Paid on advanced insurance...................... ......................
New York State barge canal judgm ents purchased..

31,331 42

$6,815 03
52 75
4,864 92

11,732 70
Cash on hand and in banks or trust companies December 31,
1915, after transactions of the day.................................................

248,412 39
$1 ,422,405 S5

STATISTICAL INFORMATION
Number of open accounts January 1, 1916......................................
Number of accounts opened or reopened during the year...........
Number of accounts closed during the year....................................
Amount deposited during the year, not including dividends
credited for that period.............................................................. ..
Amount withdrawn during the year............................................ ..
Amount of dividends credited and paid for the year, viz.:
July 1, 1915 .............................................................................
January 1, 1916 .....................................................................

$987,986 99
825,944 11

$38,754 56
41,485 09

Average amount of each account January 1, 1916......... ...............
Rate per cent, of dividends to depositors during the six months
ending June 30, 1915...........................................................................
Rate per cent, of dividends to depositors during the six months
ending December 31, 1915.....................................................................
Total earnings of the bank for the year 1915, after allowing
for amortization of premiums and discounts.............................
Total expenses of the bank for the year 1915.................................
Dividends paid to depositors for the year 1915.............................
Net earnings for the year 1915 over expenses and dividends
paid to depositors ................................................................................




6,787
1,515
916

80.239 65
345 99
4
4
$114,880 81
15,241 71
5 0 .239 65
19,399 45

R eport on S avin gs B a n k s

142
52.

T H E S O U T H B R O O K L Y N S A V IN G S IN S T IT U T IO N , B R O O K L Y N

[160-162 A tlantic aven ue; incorporated 1850]
W ILLIA M J. COOMBS, President.
C. S. DUNNING, Treasurer.
JOSEPH E. BROWN, Vice-President.
JACOB STEINER, Comptroller.
W ALTE R M. AIRM AN , Vice-President.
BERN ARD A. BURGER, Secretary.
ALBRO J. NEWTON, Vice-President.

TRUSTEES
W A LTE R M. AIRM AN ,
CHARLES A. BOODY,
JOSEPH E. BROWN.
W ILLIAM J. COOMBS,
ISAAC H. CARY,
CHARLES B. DENNY,
CLARENCE S. DUNNING,
J. W ARREN GREEN,
J. MORTON HALSTEAD,

AR TH U R M. HATCH,
PERCY S. M ALLETT.
EDGAR MCDONALD,
ALBRO J. NEWTON,
W ILLIA M L. NEWTON,
JOHN J. PIERREPON T,
RORT. L. PIERREPON T,
JACOB STEINER,

JOSEPH II. SUTPHIN,
HENRY N. W H ITNEY,
W ILLIA M H. CARY,
I). IRVING MEAD,
ARNOLD W. SHERMAN.
BERNARD A. BURGER,
JOSIAH O. LOW,
HIRAM R. STEELE,
JOSEPH W. GREENE, J r .

FINANCIAL
RESOURCES

Bonds and mortgages................................................................................ $11,903,050 00
Stock and bond investments, viz.:
Stocks and bonds
State o f New Y ork.................
State o f Missouri ..................
State o f Maryland ...............
State o f Tennessee ...............
Cities in other States............
Cities in this State...............
Counties in this State..........
Towns in this State...............
Villages in this State............
R ailroad mortgage bonds . ..

Par
value
$400,000 00
110,000 00
200,000 00
200,000 00
2,053,920 00
4,015,450 00
222,000 00
22,000 00
125,000 00
4,391,500 00

Original
Estimated
cost
market value
$415,562 50
$415,000 O
O
2
107,346 i>
108,690 00
199,050 O
O
200,000 00
199,625 76
200,300 00
2,133,589 49
2,061,508 20
4,159,542 29
3,978,765 00
233,379 55
220,085 00
23,155 00
21,790 00
129,363 80
126,490 00
4,658,507 30
3,960,540 O
O

$11,769,870 00 $12,259,121 80 $11,293,168 20

—
11,293,168 20
= = = = = — = — — .....■- —
Banking house and lot, book value, $75,000; cost, $198,000;
actual cash value....................................................................................
75,000 00
Other real estate, book value, $240,750; cost, $257,468.52;
actual cash value..................................................................................
240,750 00
Cash on deposit in banksor trust companies...................................
2 ,6 4 7 ,8 0 4 19
Cash on hand...............................................................................................
81,861 30
Total of collectible interest.....................................................................
301,379 65
$26,543,013 34
L IA B IL IT IE S

Amount due depositors, viz.:
P rincipal ................................................................................. $23,094,555 68
Dividends credited or to be credited fo r the six
months ending with December 31, 1915 ........................
440,291 61

------------------$23,534,847 29
Surplus on market value.........................................................................
3,008,166 05

Surplus on par value, $3,484,867.85.

$26,543,013 34
===== ==

CASH TRANSACTIONS DURING THE YEAR 1915
RECEIPTS

Cash on hand and in banks or trust companies January 1,
1915, before transactions of the day............................................... $2,720,685 27
From depositors, not including dividends credited......................
4,6 79,791 81
From interest on loans, deposits and investments........................
1,159,8 23 61
From rents from banking house..........................................................
954 00
From rents from other real estate.....................................................
13,259 51
From mortgages .........................................................................................
760,050 00
From redemption of stocks and bonds...............................................
810,450 00
From real estate sold................................................................................
1,000 00




K ings C o u n ty

143

From all other sources, v iz.:
T eller’s cash over ................................................................
Received from m ortgagors, account unpaid taxes___
Rent received from receiver during foreclosure.........

$10 00
406 98
127 83

------------------

$544 81
$10,146,559 01

PAYM EN TS

To depositors, including dividends paid tothem............................. $5,054,125 36
For loans on bonds and mortgages.....................................................
339,350 00
For stocks and bonds purchased, including premiums, commis­
sions, etc. (total par value, $1,861,100)........................................
1,871,9 44 38
For interest (other than dividend payments todepositors) . » . .
11,539 68
For current expenses of the bank, viz.:
For salaries ...........................................................................
For ta x e s :
Banking house, $1,450.79 ; surplus,
$24,404.35 .............................................................................
For expenses, except taxes, o f banking h o u s e :
R e p a ir s ..............................................................................
O t h e r ..................................................................................
F or expenses o f other real estate, v i z .:
Repairs ..............................................................................
Insurance .........................................................................
Taxes .................................................................................
Other .................................................................................
For other expenses, not including expenses o f other
real estate nor other expenses o f banking h ou se...

$56,500 00
25, 855 14
508 29
3,550 48
5,098
325
4,105
1,787

76
42
00
25

.10,288 93

108,019 27
For real estate acquired by foreclosure, or in settlement of
debts due the bank................................................................................
Other payments, viz.:
Incom e tax fo r em ployees............................................
For mortgagors on unpaid taxes.......................................
Teller’s cash short ..............................................................

30,978 28

$181 67
734 88
20 00

93-6 55
Cash on hand and in banks or trust companies December 31,
1915, after transactions of the day.................................................

2,729,6 65 49
$10,146,559 01

STATISTICAL INFORMATION
Number of open accounts January 1, 1916........................................
36,096
Number of accounts opened or reopened during the year...........
5,726
Number of accounts closed during the year......................................
5,151
Amount deposited during the year, not including dividends
credited for that period....................................................................... $4,679,791 81
Amount withdrawn during the year...................................................
5,054,1 25 36
Amount of dividends credited and paid for the year, viz.:
July 1, 1915 ............................................................... ............
January 1, 1916 ....................................................................

$435,922 45
440,291 61

876.214 06
Average amount of each account January 1, 1916.........................
652 00
Rate per cent, of dividends to depositors during the six months
4
ending June 30, 1915...........................................................................
Rate per cent, of dividends to depositors during the six months
4
ending December 31, 1915...................................................................
Total earnings of the bank for the year 1915, after allowing
for amortization of premiums and discounts........................... $1,158,426 30
139,701 36
Total expenses of the bank for the year 1915.................................
876.214 06
Dividends paid to depositors for the year 1915.............................
Net earnings for the year 1915 over expenses and dividends
142,510 88
paid to depositors..................................................................................




R eport on S avings B a n k s

144
53.

SUM NER

S A V IN G S

B AN K , BROOKLYN

[12 Graham avenue; incorporated 1906]
AR TH U R S. SOMERS, President.
NATHAN S. JONAS, Vice-President.
GEORGE FR EIFE LD , Vice-President.
W ALLACE L. CONNER, Secretary.

TRUSTEES
GEORGE FR EIFE LD ,
NATHAN S. JONAS,
RALPH JONAS,
E DW ARD LAZANSKY,

BEN LEVY,
CHAS. LYON,
M ATTHEW T. MEAGHER,
S. B. KRAUS,
HENRY NEWMAN.

HENRY ROTH,
A RTH U R S. SOMERS,
VICTOR B. W OLF,
MOSES BERNSTEIN,

FIN AN CIAL
RESOURCES

Bonds and mortgages..............................................
Stock and bond investments, viz.:
Par
value
$5,000 00
98,000 00
205,000 00

S tocks and bonds
State o f New Y ork...............
Cities in this State.............
Railroad mortgage bonds ..

$308,000 00

$456,450 00

Original
Estimated
cost
market value
$5,050 00
$5,100 00
95,186 87
94,510 00
179,100 00
186,720 00
$286,956 87

$278,710 00

278,710
71,814
13,579
6,376

Cash on deposit in banks or trust companies...............................
Cash on hand...............................................................................................
Total of collectible interest.....................................................................
Amount of all other assets, v iz.: New York State barge canal
judgments ...............................................................................................

00
67
27
34

8,435 40
$835,365 68

L IA B IL IT IE S

Amount due depositors, viz.:
P rincipal .................................................................................
Dividends credited or to be credited fo r the six
months ending with December 31, 1915.................. .

$801,904 31
14,401 77

-----------------Surplus on market value.......................................................................

$816,306 08
19,059 60
$835,365 68

Surplus on par value, $48,349.60.
CASH TRANSACTIONS DURING THE YEA R 1915
R E CEIPTS

Cash on hand and in banks or trust companies January 1,
1915, before transactions of the day.............................................
From depositors, not including dividends credited.......................
From interest on loans, deposits and investments........................
From rents from banking house............................................................
From m ortgages.........................................................................................

$89,528
358,068
36,519
1,020
3,625

81
59
18
00
00

$488,761 58
PAYM ENTS

To depositors, including dividends paid to them...........................
For loans on bonds and mortgages.....................................................
For stocks and bonds purchased, including premiums, commis­
sions, etc. (total par value, $64,90 0)............................................
For interest (other than dividend payments to depositors) . . . .




$307,139 12
23,250 00
58,397 90
749 50

145

K ings C o u n ty
For current expenses of the bank, viz.:
F or salaries ...........................................
For expenses, except taxes, o f banking h o u s e :
R e p a ir s .................
Insurance ..........................................................................
For rent o f banking room s................................................
For other expenses, not including expenses o f other
real estate nor other expenses o f banking house..

$3,880 00
389 14
15 23
2,500 00
1,948 75

Other payments, viz.:
New York State barge canal judg­
ments
Cash on hand and in banks or trust companies December 31,
1915, after transactions of the day.................................................

$8,731 12
5 ,1 00 00
85,393 94
$4SS,761 58

STATISTICAL INFORMATION
Number of open accounts January 1, 1916......................................
Number of accounts opened or reopened during the year.........
Number of accounts closed during the year....................................
Amount deposited during the year, - not including dividends
credited for that period.......................................................................
Amount withdrawn during the year...................................................
Amount of dividends credited and paid for the year, viz.:
July 1, 1915 .............................................................................
January 1, 1916 .....................................................................

$358,068 59
307,139 12

$13,667 27
14,401 77

Average amount of each account January 1, 1916........................
Number of accounts which exceeded $3,000, exclusive of div­
idends credited, at the last trial balance of depositors’
ledgers, except deposits arising from society accounts, or
judicial sales, or trust funds, or by order of a court of
record or of a surragate.....................................................................
Total amount of such accounts............................................................
Rate per cent, of dividends to depositors during the six months
ending June 30, 1915...........................................................................
Rate per cent, of dividends to depositors during the six months
ending December 31, 1915...................................................................
Total earnings of the bank for the year 1915, after allowing
for amortization of premiums and discounts.............................
Total expenses of the bank for the year 1915...............................
Dividends paid to depositors for the year 1915.............................
Net earnings for the year 1915 over expenses and dividends
paid to depositors..................................................................................




2,752
835
585

28,069 04
296 62

1
$3,189 24
4
4
$38,591 88
8,731 12
28,069 04
1,791 72

R eport on S ayin g s B a n k s

146
54.

T H E W IL L IA M S B U R G H

S A V IN G S B A N K , B R O O K L Y N

[175 B ro a d w a y ; incorporated 1851]
ANDREW D. BAIRD, President.
EDW ARD T. IIORW ILL, Secretary.
SAMUEL M. M EEKER, Vice-Pres.
CHARLES J. PAS FIELD, Cashier.
JOHN V. JEW ELL, Vice-President.
HENRY It. KINSEY, A sst. Comptroller.
VICTOR A. LERSNEIt, Comptroller.

TRUSTEES
BRAIN ARD G. LATIM ER,
ANDREW’ I). BAIRD,
SAMUEL M. MEEKER,
.TAMES H. POST,
JAS. F. BENDERNAGEL,

EDW’ ARD T. HORW ILL,
A LFR E D ROMER,
W ELDING RING,
H E RBERT F. GUNNISON,
JOHN V. JEW’ ELL,
FRAN CIS W . YOUNG.
’

PAU L E. BONNER,
EDW ARD E. PEARCE,
A LBE R T S. RICHEY,
R ALPH H. TIEBOUT,
WHNTHROP M. TUTTLE,

FINANCIAL
RESOURCES

Bonds and mortgages................................................................................$42,902,550 00
Stock and bond investments, viz.,:
S to c k s and bon ds

State o f New York ............
State o f Massachusetts .......
State o f Tennessee ..............
State o f Utah .......................
State o f Arizona ..................
State o f New M exico ..........
State o f Oklahoma ..............
Cities in other S tates...........
Cities in this State...............
Counties in this S tate..........
Towns in this State...............
Villages in this State............
School districts in this State
Railroad mortgage bonds . . .

Par
Original
Estimated
value
cost
market value
$1,640,000 00
$1,693,841 41
$1,643,70000
429,000 00
450,303 46
403,26000
200,000 00
204,883 10
208,000 00
100,000 00
103,750 00
103,00000
100,000 00
101,089 00
104,000 00
219,000 00
226,759 79
231,57000
46,200 00
46,835 99
46,66200
12,843,500 00
13,448,218 92
12,955,54100
16,470,301 36
18,121,289 42
16,606,05709
403,600 00
416,121 75
411,79100
281,000 00
290,682 85
286,68000
351,000 00
369,164 29
360,21000
87,500 00
91,116 15
89,25000
2,651,000 00 3,045,929 33 2,674,060 00
$35,822,101 36

$38,609,985 46

$36,123,781 09

36,123,781 09
Banking house and lot, book value, $250,000; cost, $689,000;
actual cash value..................................................................................
Other real estate, book value, $32,472.76; cost, $33,312.06;
actual cash value....................................................................................
Cash on deposit in banks or trust companies.................................
Cash on hand...............................................................................................
Total of collectible interest.....................................................................
Amount of all other assets, viz.:
Insurance premiums advanced........................................
New York State barge canal judgm ents......................

250,000 00
32,472
4,1 44,9 15
709,203
743,525

76
58
99
33

$1,760 83
4,544 99

6,305 82
$84,912,754 57
L IA B IL IT IE S

--------

Amount due depositors, viz.:
Principal ................................................................................. $72,939,829 24
Ihvidends credited or to be credited for six months
ending with December 31, 1915................................... 1,392,910 47

------------------ $74,332,739 71
Surplus on market value......................................................................... 10,580,014 86
$84,912,754 57
Surplus on par value, $10,278,335.13.
CASH TRANSACTIONS DURING THE YEAR 1915
RECEIPTS

Cash on hand and in banks or trust companies January 1,
1915, before transactions of the day............................................... $5,048,611 58
From depositors, not including dividendscredited........................ 15,364,592 49
From interest on loans, deposits andinvestments..........................
3,7 36,3 87 60
From rents from other real estate......................................................
2,400 61
From mortgages ........................................................................................
1,2 92,475 00




K ings C o u n ty
From
From
From
From

147

redemption of stocks and bonds.................................
stocks and bonds sold (total par value $777,500)
real estate sold................................................................
all other sources, viz.:

Insurance premiums advanced, refunded......................
Inspection o f mortgage loan s............................................
Liability insurance and tax search refunded..............
Loss by Are ...........................................................................
Excess judgm ent on m ortgage..........................................

$418,809 83
777,487 31
20,933 11

$3,613
3,156
216
72
30

94
00
29
50
11

7,088 84
$26,668,786 37
_________.

PAYM EN TS

To depositors, including dividends paid to them........................... $15,890,372
For loans on bonds and mortgages.....................................................
4 ,0 9 3 ,4 0 0
For stocks and bonds purchased, including premiums, commis­
sions, etc. (total par value, $1,476,300)........................................
1,533,296
For interest (other than dividend payments to depositors) . . . .
14,616
For current expenses of the bank, viz.:
For salaries ...........................................................................
For tax.es:
Banking house, $7,401.30; surplus,
$81,943.05 ................................................................................
F or expenses, except taxes, o f banking h o u se :
Repairs ..............................................................................
Other .................................................................................
F or expenses o f other real estate, v i z .:
Repairs ..............................................................................
Insurance ..........................................................................
Taxes .................................................................................
For other expenses, not including expenses o f other
real estate nor other expenses of banking h ou se...

:

07
00
06
69

$104,038 63
89,344 35
14,593 22
3,632 97
5,623 79
121 63
828 43
42,133 56

260,316 58
For real estate acquired by foreclosure, or in settlement of
debts due the bank................................................................................
Other payments, v iz.:
New York State barge canal judgm ents purchased..
Insurance premiums advanced .......................................
Cash short ...............................................................................

11,566 60

$4,544 99
6,289 24
264 57

11,098 80
Cash on hand and in banks or trust companies December 31,
1915, after transactions of the day...............................................

4 ,8 54,1 19 57
$26,668,786 37

STATISTICAL INFORMATION
Number of open accounts January 1, 1916........................................
109,648
Number of accounts opened or reopened during the year.............
14,416
Number of accounts closed during the year......................................
12,701
Amount deposited during the year, not including dividends
credited for that period....................................................................... $15,364,592 49
Amount withdrawn during the year................................................... 15,890,372 07
Amount of dividends credited and paid for the year, viz.:
July 1, 1915 ............................................................................. $1,370,102 32
January 1, 1916 ..................................................................... 1,392,910 47

2.7 63.0 12 79
Average amount of each account January 1, 1916....................
677 92
Rate per cent, of dividends to depositors during the six months
4
ending June 30, 1915................................................... ........................
Rate per. cent of dividends to depositors during the six months
4
ending December 31, 1915..................................................................
Total earnings of the bank for the year 1915, after allowing
S
for amortization of premiums and discounts............................... $3 ,643 ,33 8 O
296,145 40
Total expenses of the bank for the year 1915........... ................... ■
.
2 .7 63.0 12 79
Dividends paid to depositors for the year 1915...............................
Net earnings for the year 1915 over expenses and dividends
584,179 89
paid to depositors................................................................ .................




M AD ISO N C O U N TY

55.

O N E ID A S A V IN G S B A N K , O N E ID A

[103-105 Main street; incorporated 1866]
It. B. DOWNING, President.
IR A L. SNELL, Vice-President.
E. E. COON, Vice-President.
H. L. BALD W IN , Treasurer.

TRUSTEES
ROSW ELL B. DOWNING,
EUGENE E. COON,
IR A L. -SNELL,
TIIEO. P. HAND, JR.,
HOLTON V. NOYES,

LE GRAND COLTON,
E. LELAND HUNT,
H. W. COLEY,
JOHN Wr. GREGG,

GEO. A. M ARCELLUS,
ANTHONY B. MUNROE,
HOW ARD L. BALDW IN,
RHODY TOHER,
F R E D E R IC K A. GARVIN.

FIN AN CIAL
RESOURCES

Bonds and mortgages......................
Stock and bond investments, viz.:

$ 1 , 9 6 6 ,7 9 9 11

Par
value
$16,100 00
260,000 00
431,374 53
162,000 00
26,400 00
153,300 00
90,500 00
444,200 00

S to c k s and bon ds

State o f Colorado .................
Cities in other States.........
Cities in this State.................
Counties in this State............
Towns in this State...............
Villages in this State............
School districts in this State
Railroad m ortgage bonds ...

$1,583,874 53

Estimated
Original
cost
market value
$14,168 00
$16,100 00
254,110 00
266,093 95
426,649 53
446,037 63
161,650 00
163,675 09
26,214 00
26, 697 90
150,128 00
156,422 45
90,945 00
94,419 12
373,726 00
455,391 25
$1,624,837 39

$1,497,590 53

1,497,5 90 53
Banking house and lot, book value, $28,000; cost, $54,351.60;
actual cash value..................................................................................
Other real estate, book value, $2,651; cost, $2,992.33; actual
cash

v a lu e

28,000 00
2,651
257,420
17,557
61,634

.......................................................................................................................................

Cash on deposit in banks or trust companies.................................
Cash on hand...............................................................................................
Total of collectible interest...................................................................
Amount of all other assets, viz.:
Land contracts ....................................................................
Advanced insurance premiums and tax es....................

00
46
68
95

$9,019 00
1,357 54

10,376 54
L IA B IL IT IE S

:

$3,842,030 27

Amount due depositors, viz.:
Principal ...................................................................................$3,498,204 14
Dividends credited or to be credited fo r the six
66,782 13
months ending with December 31, 1915......................

$3 ,564,986 27
Other liabilities, viz.:
Suspense and mortgage suspense ac­
count
Surplus on market value.........................................................................

234 00
276,810 00
$3 ,842 ,03 0 27
■ ,
.
■..—

Surplus on par value, $363,094.

CASH TRANSACTIONS DURING THE YEA R 1915
RECEIPTS

Cash on hand and in banks or trust companies January 1,
1915, before transactions of the day...............................................
From depositors, not including dividendscredited.......................
From interest on loans, deposits andinvestments.........................
From rents from banking house..........................................................
From mortgages .......................................................................................
From redemption of stocks and bonds................................................




[148]

$266,905
1,043,987
170,081
746
100,467
52,221

89
01
76
96
51
66

149

M adison C o u n ty
From all other sources, viz.:
A dvanced insurance premiums and taxes....................
Suspense account .................................................................
M ortgage suspense account ............................................
Land contracts .....................................................................
Profit and loss ......................................................................

$1,282
1,093
2,873
10
5

20
15
34
00
03

$5,263 72
$1 ,639,674 51
PAYM EN TS

■
—

To depositors, including dividends paid to them...........................
For loans on bonds and mortgages............................... ......................
For stocks and bonds purchased, including premiums, commis­
sions, etc. (total par value, $4 ,0 0 0 )...............................................
For interest (other than dividend payments to depositors) . . . .
For current expenses of the bank, viz.:
F or salaries ...........................................................................
For taxes : Banking house, $874.95 ; surplus, $2,397.94 ;
on mortgages, $70.20 .........................................................
For expenses, except taxes, o f banking h o u s e :
R e p a ir s ............... .. .........................................................
Insurance ..........................................................................
O t h e r ..................................................................................
For expenses of other real estate, v i z .:
Taxes .................................................................................
For other expenses, not including expenses o f other
real estate nor other expenses o f banking h o u se ...

$962,437 52
375,257 07
4,000 00
561 94

$7,124 00
3,343 09
1,164 60
173 90
924 80
84 58
1,921 26

14,736 23
Other payments, viz.:
Advanced insurance premiums and taxes....................
Suspense account .................................................................
M ortgage suspense account .............................................

$2,375 37
1,079 55
4,248 69

7,703 61
Cash on hand and in hanks or trust companies December 31,
1915, after transactions of the day...............................................

274,978 14

$1,639,674 51
STATISTICAL INFORMATION
---------=
Number of open accounts January 1, 1916......................................
9.010
Number of accounts opened or reopened during the year...........
1,187
Number of amounts closed during the year...................................
1.011
Amount deposited during the year, not including dividends
credited for that period..................................................................... $1,043,987 01
Amount withdrawn during the year...................................................
962,437 52
Amount of dividends credited and paid for the year, viz.:
July 1, 1915 .............................................................................
January 1, 1916 ......................................................................
Credited at other periods....................................................

$64,580 89
66,782 13
719 59

Average amount of each account January 1, 1916........................
Number of accounts which exceeded $3,000, exclusive of div­
idends credited, at the last trial balance of depositors’
ledgers, except deposits arising from society accounts, or
judicial sales, or trust funds, or by order of a court of
record or of a surrogate.....................................................................
Total amount of such accounts............................................................
Rate per cent, of dividends to depositors during the six months
ending June 30, 1915...........................................................................
Rate per cent, of dividends to depositors during the six months
ending December 31, 1915.............................................................. ..
Total earnings of the bank for the year 1915, after allowing
for amortization of premiums and discounts...............................
Total expenses of the bank for the year 1915.................................
Dividends paid to depositors for the year 1915.............................
Net earnings for the year 1915 over expenses and dividends
paid to depositors..................................................................................




132,082 61
395 66

1
$3,402 37
4
4
$169,891 55
14,736 23
132,082 61
23,072 71

MONROE COUNTY
56.

T H E E A S T S ID E S A V I N G S B A N K OF R O C H E S T E R , R O C H E S T E R

[233 Main street, E a s t ; incorporated 18C9]
W. HENRY M ATH EW S, President.
A L E X . B. LAMBERTON. Vice-Pres.
W ILLIA M BAUSCH, Vice-President.
AUSTIN C. JACKSON, Treasurer.

TRUSTEES
CASSIUS C. DAVY,
W. HENRY M ATHEW S,
W ILLIA M R. PETERS,
A L E X . B. LAMBERTON,
AUSTIN C. JACKSON,

W ILLIA M BAUSCH,
FRAN K A. BROW NELL,
CHARLES A. GREEN,
W ILLIA M H. DUNN.
A RTH U R T. HAGEN,

V. F. W HITM ORE,
JOHN H. ENGERT,
CHAS. H. OCUMPAUGII,
FO L LE T T L. GREENO,
FH ED'K A. SHERWOOD,

FIN AN CIAL
RESOURCES

Bonds and mortgages................................................................................ $8,984,249 00
Stock and bond investments, viz.:
S to c k s and

bonds

United States .........................
D istrict o f Columbia ..........
State o f M assachusetts.......
State o f W yoming ..............
State o f Alabama ...............
State o f Maryland .............
Cities in other States..........
Cities in this State...............
Railroad mortgage bonds . ..

Par
value
$200,000 00
100,000 00
150,000 00
5,000 00
100,000 00
200,000 00
120,000 00
2,249,962 05
200,000 00
$3,324,962 05

Original
Estimated
cost
market value
$238,000 00
$220,000 00
81,171 25
104,00000
158,259 60
136,500 00
6,850 00
5,750 00
106,800 00
100,000 00
198,380 90
198,500 00
118,980 00
115,38000
2,277,408 14
2,232,81996
223,812 50
166,000 00
$3,409,662 39

$3,278,949 96

..............- - ■
------------Banking house and lot, book value, $120,000 ; cost, $120,350.81;
actual cash value..................................................................................
Other real estate, book value, $24,568.03; cost, $24,568.03;
actual cash value....................................................................................
Cash on deposit in banks or trust companies..................................
Cash on hand...............................................................................................
Total of collectible interest.....................................................................
Amount of all other assets, viz.: Cash intransit........................

3,278,9 49 90
120,000 00
22,568
1,509,921
54,812
138,005
494

03
74
61
70
76

$14,109,001 80
Amount due depositors, viz.:
Principal ...............................
Other liabilities, viz.:

L IA B IL IT IE S

$13,467,382 40

Dividends accrued on deposits to January 1, 1916...
Incom e tax withheld ..........................................................
Expenses incurred, but unpaid :
Taxes accrued .................................................................
Attorneys’ fees ................................................................
S u n d rie s............................................................................

$43,312 50
10 00
14,716 78
549 58
176 69

58,765 55
582,853 85

Surplus on market value

$14,109,001 80
Surplus on par value, $628,865.94.
CASH TRANSACTIONS DURING THE YEA R 1915
RECEIPTS

Cash on hand and in banks or trust companies January 1,
1915, before transactions of the day............................................ $1 ,294,563 78
From depositors, not including dividends credited........................
3,775,407 07
From interest on loans, deposits and investments.........................
678,100 92
From rents from banking house............................................................
1,687 98
From rents from other real estate........................................................
104 28
From mortgages .........................................................................................
629,900 00
From redemption of stocks and bonds.................................................
72,660 00
From real estate sold................................................................................
6,6 00 00




[150]

M onkoe C o u n ty

151

From all other sources, viz.:
Insurance premiums advanced refunded
Refunds ............................................................
Incom e tax withheld ..................................
Exchange ......................................................... .

$117 50
139 51
10 00

11 42

----------

$27S 43
$6 ,459 ,30 2 46

PAYM EN TS

-

...............

To depositors, including dividends paid to them........................... $4,404,037 53
20,600 00
For loans on bonds and mortgages.......................................................
For stocks and bonds purchased, including premiums, commis­
406,685 89
sions, etc. (total par value, $400,000)..........................................
4,448 60
For interest (other than dividend payments to depositors) . . . .
For current expenses of the bank, viz.:
F or salaries .........................................................................
F'or tax es: Banking house................................................
F or expenses, except taxes, o f banking h o u se :
Repairs .............................................................................
Insurance .........................................................................
Other ..................................................................................
F or expenses o f other real estate, v i z .:
Repairs ..............................................................................
Insurance ..........................................................................
Taxes .................................................................................
Other ..................................................................................
For other expenses, not including expenses o f other
real estate nor other expenses o f banking house..

$23,220 00
4,889 46
133 14
676 30
6,376 88
11
9
£08
75

67
00
29
75

9,108 17

44,708 66
For real estate acquired by foreclosure, or in settlement of
debts due the bank................................................................................
Other payments, viz.:
Overdraft charged off .........................................................
Insurance premiums advanced .......................................

13,466 17

$9 00
117 50

126 50
Cash on hand and in banks or trust companies December 31,
1915, after transactions of the day.................................................

1,565,229 11
$6,459,302 46

STATISTICAL INFORMATION
:
Number of open accounts January 1, 1916........................................
45,353
Number of accounts opened or reopened during the year...........
8,396
Number of accounts closed during the year....................................
7,358
Amount deposited during the year, not including dividends
credited for that period....................................................................... $3,775,407 07
Amount withdrawn during the year...................................................
4,404,0 37 53
Amount of dividends credited and paid for the year, viz.:
June 1, 1915 .............................................................................
December 1, 1915 ...................................................................
Credited at other periods....................................................

$255,341 05
253,364 84
4,878 06

Average amount of each account January 1, 1916.........................
Number of accounts which exceeded $3,000, exclusive of div­
idends credited, at the last trial balance of depositors’
ledgers, except deposits arising from society accounts, or
judicial sales, or trust funds, or by order of a court of
record or of a surrogate.....................................................................
Total amount of such accounts..................................................... ..
Rate per cent, of dividends to depositors during the six months
ending June 30, 1915...........................................................................
Rate per cent, of dividends to depositors during the six months
ending December 31, 1915.......................................... ........................
Total earnings of the bank for the year 1915, after allowing
for amortization of premiums and discounts...............................
Total expenses of the bank for the year 1915.................................
Dividends paid to depositors for the year 1915.............................
Net earnings for the year 1915 over expenses and dividends
paid to depositors..................................................................................




513,583 95
296 95

1
$3,099 44
4
4
$674,370 44
52,509 41
513,583 95
108,277 08

152

R eport on S ayin g s B a n k s

57.

M E C H A N IC S

S A V IN G S

BANK

OF R O C H E S T E R , R O C H E S T E R

[18 Exchange stre e t; incorporated 1867]
J. J. BAUSCH, President.
W ILM OT CASTLE, Treasurer.
W ILLIA M R. SEW ARD, Vice-President.
FEDOR W ILLIM EK , Asst. Secretary.
W IL L IA M B. HALE, Vice-President.

TRUSTEES
JOHN J. BAUSCH,
A. P. LITTLE ,
W ILLIA M R. SEWARD,
LOUIS J. ERNST,
JAMES II. BOUCHER,

W EN D E LL J. CURTIS,
W ILLIA M KARLE,
W IL L IA M B. HALE,
W ILM OT CASTLE,

JOHN S. BRONIv,
CHAS. C. BEAHAN,
MORRIS D. KNAPP,
GEORGE W. ROBESON,
JAM ES C. CLEMENTS,

FINANCIAL
RESOURCES

Bonds and mortgages..................................
—
~
Stock and bond investments, viz.:
S to c k s and honds

State o f Massachusetts .
Cities in other States.......
Cities in this State............
Counties in this State___
Towns in this State..........
Villages in this State___
School districts in this State
Railroad mortgage bonds

Par
value
$15,000 00
180,000 00
603,247 95
35,000 00
6,000 00
64,000 00
72,425 00
505,000 00
$1,480,672 95

$3,216,475 00
Original
Estimated
cost
market value
$12,796 50
$12,600 00
176,970 00
182,168 91
604,481 48
572,657 95
36,954 86
36,350 00
6,076 50
6,040 00
65,830 50
65,590 00
74,774 25
75,425 52
410,510 00
505,961 15
$1,489,695 42

$1,355,492 20

1,355,492 20
Banking
actual
Cash on
Cash on
Total of
Amount

house and lot, book value, $50,000; cost, $65,129.12;
cash value.
deposit in banks or trust companies
hand............................................................
collectible interest...........
of all other assets, viz.:

Land contract ........................................................................
Taxes advanced ....................................................................

50,000 00
271,154 79

21,110 59
47,474 57

$2,350 00
3,284 76

------------------

5,634 76
$4,967,341 91

L IA B IL IT IE S

Amount due depositors, viz.:
Principal .................................................................................. $4,581,665 25
Dividends credited or to be credited fo r the six
months ending with December 31, 1915 ......................
91,383 02

------------------ $4 ,673 ,04 8 27
Other liabilities, viz.:
Dividends accrued on deposits to January 1, 1916___
Expenses incurred, but unpaid :
Surplus tax accrued .....................................................

$15,230 50
1,206 10

-------------------------------------- 16,436 60
Surplus on market value.........................................................................
277,857 04
$4,967,341 91
Surplus on par value, $403,037.79.
CASH TRANSACTIONS DURING THE YEA R 1915
RECEIPTS

Cash on hand and in banks or trust companies January 1,
1915, before transactions of the day...............................................
From depositors, not including dividends credited.....................
From interest on loans, deposits and investments.........................
From rents from banking house..........................................................




$250,120
670,427
229,438
1,036

52
71
16
00

153

M onroe C o u n ty
From m ortgages.........................................................................................
From redemption of stocks and bonds...............................................
From all other sources, viz.: Taxes advanced refunded...........

$106,600 00
12,307 65
5,155 28
$1,275 ,08 5 32

PAYM ENTS

To depositors, including dividends paid to them
For loans on bonds and mortgages...........................
For current expenses of the bank, viz.:
For salaries ..........................................................................
F or ta x e s: Banking house, $980.99 ; surplus, $2,412.19.
F or expenses, except taxes, o f banking h o u s e :
Repairs .............................................................................
I n s u r a n c e ..........................
F or other expenses, not including expenses o f other
real estate nor other expenses o f banking hou se...

$939,265 05
13,450 00
$15,100 00
3,393 18
94 97
212 50
4,405 96

23,206 61
Other payments, viz.:
Taxes advanced ....................................................................
Cash differences ........................... .......................................

$6,893 28
5 00

6,898 28
Cash on hand and in banks or trust companies December 31,■
1915, after transactions of the day.................................................

292,265 38
$1 ,275,085 32

STATISTICAL INFORMATION
Number of open accounts January 1, 1916......................................
Number of accounts opened or reopened during the year...........
Number of accounts closed during the year......................................
Amount deposited during the year, not including dividends
credited for that period.......................................................................
Amount withdrawn during the year...................................................
Amount of dividends credited and paid for the year, viz.:
June 1, 1915 ...........................................................................

$670,427 71
939,265 05

$92,248 36

D e c e m b e r 1, 1915 .........................................................................................

91,055 95

Credited at other p eriods..................................................

8,142
1,316
710

721 77

Average amount of each account January 1, 1916........................
Rate per cent, of dividends to depositors during the six months
ending June 30, 1915...........................................................................
Rate per cent, of dividends to depositors during the six months
ending December 31, 1915..................................................................
Total earnings of the bank for the year 1915, after allowing
for amortization of premiums and discounts.............................
Total expenses of the bank for the year 1915.................................
Dividends paid to depositors for the year 1915.............................
Net earnings for the year 1915 over expenses and dividends
paid to depositors..................................................................................




184.026 08
573 94
4
4
$228,678 6S
23.219 28
184.026 08
21,433 32

R eport on S avin g s B a n k s

154

5 8 . M O N R O E C O U N T Y S A V IN G S B A N K , R O C H E ST ER

[33-35 State stre e t; incorporated 1850]
JAM ES E. BOOTH, President.
A L E X . M. LINDSAY, Vice-Pres.
RUFUS K. DRYER, Vice-President.
D A V ID HOYT, Secretary.

TRUSTEES
JAMES E.
RUFUS K.
A L E X . M.
CYRUS F.
HENRY A.

BOOTH,
DRYER,
LINDSAY,
PAINE.
STRONG,

THOMAS
W ILLIA M
PH A R . V.
EDW ARD
W IL L IA M

J. DEVINE,
B. LEE,
CRITTENDEN,
BAUSCH,
CARSON,

W IL L IA M C. BARRY,
D AVID HOYT,
M ARTIN F. B RISTOL,
JOSEPH M ICHAELS,
WM. A. HUBBARD, JR.

FINANCIAL
RESOURCES

Bonds and mortgages................................................................................$17,063,355 23
Stock and bond investments, viz.:
P ar
S to c k s and bon ds
value
United States .........................
$50,000 00
State o f New Y ork...................
500,000 00
State o f Massachusetts .......
350,000 00
Cities in other States............ 3,006,000 00
Cities in this S tate............... 1,426,000 00
380,000 00
Counties in this State............
Towns in this State...............
57,000 00
112,900 00
Villages in this State............
Railroad mortgage bonds . .. 2,707,000 00
$8,588,900 00

Original
cost
$68,750
502,625
372,250
3,139,222
1,488,837
383,307
58,870
115,271
2,928,272

00
00
00
18
57
50
00
23
50

Estimated
market value
$55,000 00
508,000 00
323,000 00
2,934,560 00
1,384,330 00
381,400 00
57,570 00
112,893 00
2,293,410 00

$9,057,405 98

$8,050,163 00

8,0 5 0 ,1 6 3 00
Banking house and lot, book value, $75,000; cost, $75,000;
actual cash value....................................................................................
Other real estate, book value, $3,327.21; cost, $3,327.21;
actual cash value..................................................................................
Cash on deposit in banks or trust companies.................................
Cash on hand................................................................................................
Total of collectible interest.....................................................................
Amount of all other assets, viz.:
Insurance premiums advanced ...................................
New York State barge canal judgm ents......................

75,000 00
2,400
917,965
256,044
484,438

00
73
02
53

$1,005 58
6,600 00

7,605 58
$26,856,972 09
L IA B IL IT IE S

— ------------ -

—

Amount due depositors, viz.:
Principal ................................................................................. $24,475,302 67
Dividends credited or to be credited fo r the six
months ending with December 31, 1915......................
485,677 14

------------------ 24 ,960,979 81
Other liabilities, viz.:
Dividends accrued on deposits to January 1, 1916___
Expenses incurred, but unpaid :
City, county and State taxes......................................
Mortgages consummated unpaid.................................

$80,600 00
9,500 00
16,087 65

-----------------Surplus on market value.........................................................................
Surplus on par value, $2,328,541.63.

106,187 65
1,789,8 04 63
$26,856,972 09
.

CASH TRANSACTIONS DURING THE YEAR 1915
R E CEIPTS

Cash on hand and in banks or trust companies January 1,
1915, before transactions of the day...............................................
From depositors, not including dividends credited.........................
From interest on loans,deposits and investments..........................
From rents from banking house..........................................................
From rents from other real estate.............................................\ . . .
From m ortgages.........................................................................................
From redemption of stocks and bonds...............................................
From real estate sold...............................................................................




$942,427
4 ,7 2 8 ,3 1 4
1,223,557
199
52
632,564
340,100
5 ,4 44

35
58
97
92
73
77
00
33

155

M onroe C o u n ty
From all other sources, viz.:
Profit, real estate sold .........................................................
Rebate insurance .................................................................
Mortgages consummated unpaid .....................................

$109 02
5 20
7,788 35

$7,902 57
$7,880 ,56 4 22

PAYM ENTS

To depositors, including dividends paid to them........................... $5 ,714,743 55
For loans on bonds and mortgages.....................................................
554,750 00
For stocks and bonds purchased, including premiums, com­
missions, etc. (total par value, $330,000)....................................
340,037 30
For interest (other than dividend payments to depositors) . . .
2,2 14 88
For current expenses of the bank, viz.:
For salaries ...........................................................................
F or ta x e s : Bunking house, $3,925.72 ; surplus,
$15,488.17 ................................................................................
F or expenses, except taxes, o f banking h o u s e :
Repairs ..............................................................................
Insurance .........................................................................
Other ..................................................................................
For expenses o f other real estate, v i z .:
Repairs ..............................................................................
Insurance ..........................................................................
Taxes .................................................................................
Other ..................................................................................
F or other expenses, not including expenses o f other
real estate nor other expenses o f banking house..

$41,649 92
19,413 89
778 85
625 28
13,294 10
77
1
34
98

29
75
32
75

3,993 18

79,967 33
For real estate acquired by foreclosure, or in settlement of
debts due the bank................................................................................
Other payments, viz.:
M ortgages consummated paid ..........................................
Short cash ..............................................................................
Insurance advanced ............................................................
Loss, real estate sold ..........................................................
New York State barge canal judgm ents purchased—

5,7 80 56

$1,241 87
160 05
1,005 58
53 35
6,600 00

9,060 85
Cash on hand and in banks or trust companies December 31,
1915, after transactions of the day.................................................

1,174,0 09 75
$7,880,564 22

STATISTICAL INFORMATION
Number of open accounts January 1, 1916......................................
38,839
Number of accounts opened or reopened during the year...........
4,313
Number of accounts closed during the year......................................
4,839
Amount deposited during the year, not including dividends
credited for that period..................................................................... $4 ,728,314 58
Amount withdrawn during the year.................................................
5 ,7 14,7 43 55
Amount of dividends credited and paid for the year, viz.:
June 1, 1915 ...........................................................................
December 1, 1915 ............................................. .....................
Credited at other periods..................................................

$480,116 80
480,913 60
11,367 94

972.398
Average amount of each account January 1, 1916........................
642
Rate per cent, of dividends to depositors during the six months
ending June 30, 1915.............................................................. ..
Rate per cent, of dividends to depositors during the six months
ending December 31, 1915.............................................................. ..
Total earnings of the bank for the year 1915, after allowing
for amortization of premiums and discount............................. $ 1 ,202 ,93 4
Total expenses of the bank for the year 1915...............................
80,180
Dividends paid to depositors for the year 1915.............................
972.398
Net earnings for the year 1915 over expenses and dividends
paid to depositors................................................................................
150,355




34
00

4
4
32
73
34
25

R eport on S avin gs B a n k s

156
59.

ROCHESTER SAVINGS BANK, ROCHESTER

[47 Main street, W e s t ; incorporated 1831]
HAROLD P. BREW STER, President.
JOSIAH ANSTICE, Vice-President.
GRANGER A. HOLLISTER, Vice-Pres.
HENRY S. HANFORD, Treasurer.
JAM ES S. WATSON, Vice-President.
CHARLES F. TURTON, Secretary.

TRUSTEES
GRANGER A. H OLLISTER,
JAM ES S. WATSON,
HIRAM W. SIBLEY,
ERICKSON PERKINS,
JOSIAH ANSTICE,

THOS. W. FINUCANE,
HAROLD P. BREW STER,
GEORGE EASTM AN,
JAMES C. CUTLER,
W ILLIA M S. MORSE,

J. CRAIG POWERS,
WM. A. E. DRESCIIER,
EDW ARD HARRIS,
DANIEL M. BEACH.
HENRY S. HANFORD.

FIN AN CIAL
RESOURCES

Bonds and mortgages ..............................................................................$15,728,771 28
Stock and bond investments, viz.:
Par
value
$100, 000 00
State of New Y ork............. ..
State o f Massachusetts ...
150,000 00
Cities in other States....... .. 1,617,000 00
Cities in this State............. .. 2,264, 000 00
Counties in this State.......
554,000 00
22,000 00
Towns in this S tate..........
Villages in this S tate........
133,900 00
School districts in this State
75,915 76
Railroad mortgage bonds . .. 5,464,000 00
S to c k s and bon ds

Original
Estimated
cost
market value
$102,000 00
$101,750 00
163,312 50
139,500 00
1,677,830 31
1,585,420 00
2,340,522 60
2,179,280 00
576,412 09
540,820 C
O
22,000 00
22,000 00
132,239 00
134,856 10
75,951 00
76,997 33
5,729,559 00
4,835,330 00

$10,380,815 76 $10,823,239 93

$9,612,540 00

- ■
----Banking house and lot, book value, $200,000 ; cost, $449,690.46;
actual cash value ................................................................................
Cash on deposit in banksor trust companies.................................
Cash on hand ............................................................................................
Total of collectible interest .................................................................
Amount of all other assets, viz.:
"
Land contracts .....................................................................
Taxes and insurance advanced..........................................

9,6 12,5 40 00
200,000
975,416
410,594
311,615

00
24
34
07

$29,711 85
208 40

-------------------------------------- 29,918 25
$27,268,855 18
L IA B IL IT IE S

Amount due depositors, viz.: Principal......... ...................................$24,889,268 96
Other liabilities, viz.:
Dividends accrued on deposits to January 1, 1910___
Reserved lo r taxes...............................................................

$80,606 67
11,500 00

-----------------Surplus on market value.......................................................................

92,166 67
2,2 8 7 ,4 1 9 55
$27,268,855 18

Surplus on par value, $3,055,695.31.
CASH TRANSACTIONS DURING THE YEA R 1915
RECEIPTS

Cash on hand and in banks or trust companies January 1,
1915, before transactions of the day............................................ $1,624,573 38
From depositors, not including dividends credited......................
5,764,013 30
From interest on loans, deposits andinvestments..........................
1,164,300 20
From rents from banking house..........................................................
9,234 09
From mortgages .........................................................................................
708,106 75
From redemption of stocks and bonds...............................................
66,418 42
From stocks and bonds sold (total par value,$216,000).............
200,987 50
From real estate sold................................................................................
3,000 00




157

M onroe C o u n ty
From all other sources, viz.:
Land contracts ...................................
Insurance held pending rebuilding,
Insurance premiums refunded.......
Appraisal fees collected ..................
Refunded on automobile ..................

$1,929 40
1,500 00
568 66
1,200 00

50 00

-----------

$5,248 06
$9,545,881 70

PAYM ENTS

To depositors, including dividends paid to them........................ $4,965,887 43
For loans on bonds and mortgages................................................... .
2,3 09,3 09 40
For stocks and bonds purchased, including premiums, com­
missions, etc. (total par value, $764,700)....................................
753,744 85
For interest (other than dividend payments to depositors) . . .
8,876 51
For current expenses of the bank, viz.:
For salaries .........................................................................
F or t a x e s : Banking house, $6,618.09; surplus,
$19,497.24 ................................................................................
For expenses, except taxes, o f banking h o u s e :
Repairs ..............................................................................
Insurance .........................................................................
Other .................................................................................
F or expenses o f other real estate, v i z .:
Taxes ..................................................................................
Other .................................................................................
For other expenses, not including expenses o f other
real estate nor other expenses o f banking house..

$56,865 54
26,115 33
1,220 76
1,394 52
9,171 63
26 14
28 10
18,238 89

113,060 91
Other payments, viz.:
Land contracts ......................................................................
Cash differences and overdrafts.......................................
Insurance paid m ortgagor................................................
Insurance premium advances ..........................................

$1,000
168
7,075
748

00
36
00
66

8,992 02
Cash on hand and in banks or trust companies December 31,
1915, after transactions of the day.................................................

1,386,010 58

$9,545,881 70
STATISTICAL INFORMATION
Number of open accounts January 1, 1916....................................
57,407
Number of accounts opened or reopened during the year...........
13,368
Number of accounts closed during the year...................................
8,325
Amount deposited during the year, not including dividends
credited for that period....................................................................... $5,764,913 30
Amount withdrawn during the year...................................................
4,965,887 43
Amount of dividends credited and paid for the year, viz.:
June 1, 1915 .............................................................................
December 1, 1915 ...................................................................
•Credited at other period s..................................................

$448,902 36
465,122 82
7,655 88

921.681 06
Average amount of each account January 1, 1916........................
433 55
Rate per cent, of dividends to depositors during the six
months ending June 30, 1915............................................................
4
Rate per cent, of dividends to depositors during the six
months ending December 31, 1915.................................................
4
Total earnings of the bank for the year 1915, after allowing
for amortization of premiums and discounts........................ $1,170,026 34
Total expenses of the bank for the year 1915...............................
120,290 91
Dividends paid to depositors for the year 1915.............................
921.681 06
Net earnings for the year 1915 over expenses and dividends
paid to depositors ................................................................................
128,054 37




M ONTGOM ERY COUNTY
60.

AMSTERDAM SAVINGS BANK, AMSTERDAM

[11 Division street; incorporated 1886]
S. H. FRENCH, President.
CHARLES E. FRENCH, Treasurer.
JAMES T. SUGDEN, Vice-President.
THOMAS M ORPHY, Secretary.
SAM UEL W ALLIN, Vice-President.

TRUSTEES
S. H. FRENCH,
BERN ARD MACHOLD.
THOMAS MORPHY,
THOMAS M ANSFIELD,
SEELY CONOVER,

W. BARLOW DUNLAP,
JOHN KAVANAUGH,
JAMES T. SUGDEN,
C. VAN BUREN,
SAMUEL W ALLIN .

CHARLES E. FRENCH,
W IL L IA M J. KLINE,
NATHAN B. SMITH,
ROBERT .T. LINDSEY,
W. C. SCHAUFLER.

FINANCIAL
RESOURCES

Bonds and mortgages.............................................................................. $3,425,961 00
Stock and bond investments, viz.:
Par
value
$75,000 00
25,000 00
3,000 00
11,000 00
753,850 00
240,095 56
65,300 00
258,536 71
51,490 00
254,000 00

S to c k s and bon ds

State o f New Y ork.................
State o f Utah .........................
State o f W'yoming .................
Cities in other States............
Cities in this State...............
Counties in this S tate..........
Towns in this State...............
Villages in this State............
School districts in this State
Railroad mortgage bonds ...

$1,737,272 27

Original
Estimated
cost
market value
$81,725 00
$82,500 00
24,000 00
25,125 00
3,420 00
4,005 00
11,458 40
10,840 00
770,594 63
742,447 00
239,395 56
242,357 56
64,846 00
65,864 30
266,755 68
253,584 03
52,799 70
52,950 00
257,170 00
312,067 80
$1,832,753 07

$1,731,152 59

1,731,152 59
Banking house and lot, book value, $62,000 ; cost, $104,391.65;
actual cash value..................................................................................
Cash on deposit in banks or trust companies...............................
Cash on hand.............................................................................................
Total of collectible interest...................................................................

62,000
462,501
43,418
68,471

00
41
96
39

$5 ,793,505 35
L IA B IL IT IE S

-

=====

Amount due depositors, viz.:
Principal ................................................................................. $5,227,055 10
Dividends credited or to be credited fo r the six
months ending with December 31, 1915 ........................
85,495 36

------------------ $ 5 ,312 ,55 0 46
Surplus on market value.......................................................................
480,954 89
$5,793 ,50 5 35
............-

Surplus on par value, $487,074.57.

CASH TRANSACTIONS DURING THE YEA R 1915
R E CEIPTS

Cash on hand and in banks or trust companies January 1,
1915, before transactions of the day.............................................
From depositors, not including dividends credited......................
From interest on loans, deposits and investments........................
From mortgages ......................................................................................
From redemption of stocks and bonds...............................................
From stocks and bonds sold (total par value, $ 5 ,0 0 0 )................




$529,084
1,3 94,0 43
2o l,53 9
301,970
130,548
3,262

55
35
73
00
46
50

$2,610,448 59

[158]

M ontgom ery C o u n ty

159

PAYM EN TS

To depositors, including dividends paid to them........................ $1 ,569 ,11 2 18
415,347 00
For loans on bonds and mortgages.....................................................
For stocks and bonds purchased, including premiums, com­
missions, etc. (total par value, $91,595.56)...............................
95,537 56
For interest (other than dividend payments to depositors) . . .
1,006 46
For current expenses of the bank, viz.:
For salaries ...........................................................................
For ta x e s: Banking house, $965.25 ; surplus, $1,310.80;
on mortgages, $1,086.30 ....................................................
For expenses, except taxes, o f banking h o u se :
Insurance .........................................................................
For other expenses not including expenses o f other
real estate nor other expenses o f banking h o u se...

$12,150 00
6,362 35
62 50
4,858 25

-----------------Other payments, viz.: Profit and loss.............................................
Cash on hand and in banks or trust companies December 31,
1915, after transactions of the day.................................................

23,433 10
91 92
505,920 37
$2,610,448 59

STATISTICAL INFORMATION
14,739
Number of open accounts January 1, 1916......................................
Number of accounts opened or reopened during the year . . . . .
1,995
Number of accounts closed during the year....................................
1,746
Amount deposited during the year, not including dividends
credited for that period..................................................................... $1 ,394,043 35
Amount withdrawn during the year...................................................
1,569,112 18
Amount of dividends credited and paid for the year, viz.:
July 1, 1915 .............................................................................
January 1, 1916 ......................................................................

$84,953 77
85,495 36

Average amount of each account January 1, 1916......................
Rate per cent, of dividends to depositors during the six months
ending June 30, 1915............................................................................
Rate per cent, of dividends to depositors during the six months
ending December 31, 1915..................................................................
Total earnings of the bank for the year 1915, after allowing
for amortization of premiums and discounts.............................
Total expenses of the bank for the year 1915...............................
Dividends paid to depositors for the year 1915.............................
Net earnings for the year 1915 over expenses and dividends
paid to depositors..................................................................................




170,449 13
360 44

3y2
3%
$248,462 45
23,433 10
170,449 13
54,580 22

NASSAU COUNTY
61. ROSLYN SAVINGS BANK OF ROSLYN, ROSLYN
[Incorporated 1875]
THOMAS MOTT, President.
FR ED ER IC K E. W IL L IT S, Treasurer.
HENRY W. EASTMAN, Vice-President.
CHARLES E. CONKLIN Secretary.
JOHN C. BAKER. Vice-President.

TRUSTEES
HENRY W. M. EASTM AN,
THOMAS MOTT,
JOSEPH H. BOGART,
GEORGE P. TITU S,
F R ED ’K E. W ILLITS,
THOS. W. ALBERTSON,
FR ED ERICK C. HICKS,
DANIEL J. HEDGEMAN,

S. M. POW ELL,
JO THAN POST,
S. T. RUSHMORE,
W ILLIAM W. COCKS.
J. CLIFTON MONFORT,
RICHARD DOWNING,
W ILLIA M W ITTE.
GEORGE W. EASTMAN,
JOHN C. BAKER.

DANIEL U N DERHILL,
JOHN A. ALBERTSON,
DANIEL S. WOOLLEY,
EUGENE W. DENTON,
CHARLES E. CONKLIN,
A LFR E D V. FRASER,
JAMES W IL L IT S,
GEORGE S. EMORY,

FINANCIAL
RESOURCES

Bonds and mortgages.
Stock and bond investments,, viz.:

$1, 456, 875 00

P ar
value
$20,000 00
94,000 00
115,500 00
10, 000 00
11, 000 00
8, 000 00
98,200 00
358,000 00

S to c k s and bon ds

State o f New Y ork .................
Cities in other States..........
Cities in this State...............
Counties in this S tate..........
Towns in this S tate.............
Villages in this State............
School districts in this State
Railroad mortgage bonds ...

$714,700 00

Original
Estimated
cost
market value
$21,450 00
$22,400 00
97,032 75
95,440 00
121,752 75
116,100 00
10,296 84
10,600 00
12,100 00
11,575 00
8, 280 00
8,060 00
98,489 67
98,663 50
367,706 25
334,257 50
$737,108 26

$697,096 00

697 096 00
Banking house and lot, book value, $25,000; cost, $36,514.17;
actual cash value ................................................................................
Other real estate, book value, $14,715.25; cost, $14,907.57;
actual cash value ..................................................................................
Cash on deposit in banks or trust companies.................................
Cash on hand ...........................................................................................
Total of collectible interest.....................................................................
Amount of all other assets, viz.:
Taxes advanced ...................................................................
Insurance premiums advanced........................................

25, 000 00
14,907
122,483
317
28,780

57
15
62
81

$1,145 10
119 32

------------------

1,264 42
$2 ,346,724 57

Amount due depositors, viz.:

L IA B IL IT IE S

Principal ................................................................................. $2,108,841 88
Dividends credited or to be credited fo r the six
39,497 46
months ending with December 31, 1915......................

------------------ $2,148, 339 34
....................
198,385 23

Surplus on market value
Surplus on par value, $215,989.23.

$2,346,724 57
----- , — =
.. —

CASH TRANSACTIONS DURING THE YEAR 1915
RECEIPTS

Cash on hand and in banks or trust companies January 1,
1915, before transactions of the day............................................
From depositors, not including dividendscredited.......................
From interest on loans, deposits andinvestments.........................
From rents from banking house......................................
From rents from other real estate.....................................................
From mortgages .......................................................................................
From redemption of stocks and bonds............................................
From real estate sold ..............................................................................




$113,475
476,718
110,898
1,717
375
39, 300
9 ,6 00
2, 575

46
07
53
00
00
00
00
00

161

N assau C o u n ty
Prom all other sources, viz.:
Bid on school bonds returned............................................
S atisfaction piece ................................................................
A ppraisal fees ........................................................................
P rotest fees ...........................................................................
Assignm ent fees ...................................................................
Tax search refund ..............................................................
Overpayment interest .........................................................

$600
5
487
1
3
9

00
70
50
55
50
50
81

$1,108 56
$755,767 62
PAYM EN TS

:

To depositors, including dividends paid to them.........................
For loans on bonds and mortgages......................................................
For stocks and bonds purchased, including premiums, com­
missions, etc. (total par value, $ 6 0,00 0)....................................
For interest (other than dividend payments to depositors) . . .
For current expenses of the bank, viz.:
F or salaries ............................................................................
For taxes : Banking house, $532.22 ; surplus, $1,699.41 ;
on mortgages, $340 ...........................................................
For expenses, except taxes, o f banking h o u s e :
R e p a ir s ..............................................................................
Insurance ..........................................................................
F or expenses of other real estate, viz. :
Repairs ..............................................................................
Insurance ..........................................................................
Taxes ..................................................................................
O t h e r ..................................................................................
F or other expenses, not including expenses o f other
real estate nor other expenses o f banking hou se..

$431,648 27
124, 050 00
56,895 00
321 58

$7,624 95
2,571 63
372 84
112 50
2,292
56
251
155

59
56
66
55

1,730 14

15,168 42
Other payments, viz.:
Fees : appraisal fees, $487.50; protest fees, $1.55; as­
signment, $3.50 .................................................................
Satisfaction piece ..................................................................
Insurance premiums advanced..................................
Overpayment o f interest......................................................
Taxes advanced .............
Cash shortage and repaym ent to correct error..........
Bid on b o n d s .........................................................................

$492 55
5 70
119 32
81
1,140 20
25 00
3,100 00

4,883 58
Cash on hand and in hanks or trust companies December 31,
1915, after transactions of the day.................................................

122,800 77
$755,767 62

STATISTICAL INFORMATION
Number of open accounts January 1, 1916......................................
Number of accounts opened or reopened during the year.........
Number of accounts closed during the year....................................
Amount deposited during the year, not including dividends
credited for that period........................................................................
Amount withdrawn during the year...................................................
Amount of dividends credited and paid for the year, viz.:
July 1, 1915 ...........................................................................
January 1, 1916 .....................................................................
Credited a t other periods..................................................




$476,718 07
431,6^8 27

$38,423 37
39,497 46
2 00

Average amount of each account January 1, 1916......................
Rate per cent, of dividends to depositors during the six
months ending June 30, 1915..........................................................
Rate per cent, of dividends to depositors during the six
months ending December 31, 1915.................................................
Total earnings of the bank for the year 1915, after allowing
for amortization of premiums and discounts.............................
Total expenses of the bank for the year 1915..................................
Dividends paid to depositors for the year 1915.............................
Net earnings for the year 1915 over expenses and dividends
paid to depositors...................................... ............................................

6

4,234
518
331

77,922 83
498 07
4
4
$113,695 59
15,168 42
77,920 83
20,606 34

NEW YORK COUNTY
62.

A M E R IC A N

S A V IN G S

BANK, NEW

YORK

C IT Y

[115 W est 42d s tr e e t; incorporated 1882]
W ILLIAM M. CAM PBELL, President.
W ILLIA M M. H AZELTON, Treasurer.
JAM ES F. FARGO, Vice-President.
D A V ID ORR, Secretary.
L. DUNCAN BU LKLEY, Vice-Pres.

TRUSTEES
VINCENT PISEK ,
JAMES F. FARGO,
L. DUNCAN BULKLEY,
DAVID ORR,
W ILLIA M C. STORY,
WM. M. CAMPBELL.

JOHN V. IRW IN ,
HENRY R. SUTPIIEN,
FRED. M ATH ESIUS, JK.,
HENRY B. BRITTON ,
FRED. M. JOHNSON,

CHAS. O. K IM BALL,
CARL L. VIETO R,
HICKS A. W EA TH E R B E E ,
JOHN R. C H R ISTIE,
M IC H A E L I. PUPIN,
W ARREN THORPE.

FIN AN CIAL
RESOURCES

Bonds and mortgages.............................................................................. $1 ,687 ,96 5 00
Stock and bond investments, viz.:
S to c k s

and

Par
value
$67,000 00
200,000 00
30,000 00
123,000 00
25,000 00
600,000 00

bonds

Cities in other States............
Cities in this State...............
Towns in this State...............
Villages in this State............
School districts in this State
R ailroad mortgage bonds___

$1,045,000 00

Original
Estimated
cost
market value
$66,994 35
$66,070 00
209,116 10
200,600 00
35,955 00
33,300 00
126,067 63
121,050 00
26,729 80
24,905 00
596,134 80
503,950 00
$1,060,997 68

$949,875 00

949,875 00
Banking house and lot, book value, $15,642.26; cost, $34,721.64; actual cash value..........................................................................
Other real estate, book value, $157,643.46; cost, $158,325.33;
actual cash value...................................................................................
Cash on deposit in banks or trust companies..................................
Cash on hand..............................................................................................
Total of collectible interest...................................................................
Amount of all other assets, viz.: Suspense account..................

34,721 64
157,472
232,428
3,6 68
37,024
17

78
03
77
81
25

$3 ,103,173 28
L IA B IL IT IE S

Amount due depositors, viz.:
P rincipal ................................................................................. $2,983,142 25
Dividends credited or to be credited fo r the six
months ending with December 31, 1915........................
47,850 59

------------------ $3,030,992 84
Other liabilities, viz.: Expenses incurred, but unpaid, accrued
rent .............................................................................................................
1,166 66
Surplus on market value......................................................................
71,013 78
$3 ,1 0 3 ,1 7 3 28
Surplus on par value, $166,138.78.
CASH TRANSACTIONS DURING THE YE A R 1915
R E CEIPTS

Cash on hand and in banks or trust companies January 1,
1915, before transactions of the day...............................................
From depositors, not including dividends credited......................
From interest on loans, deposits and investments.........................
From rents from banking house..........................................................
From rents from other real estate........................................................




[162]

$246,183
972,378
133,535
2,3 13
9 ,5 3 0

90
73
40
30
39

N e w Y ork C o u n ty
From
From
From
From
From

163

mortgages ............................................................................
redemption of stocks and bonds....................................
stocks and bonds sold (total par value, $112,900)
real estate sold...................................................................
all other sources, viz.:

Land contract ......................................................................
Suspense account .................................................................

$92,150
7,500
108,294
19,725

00
00
63
00

$500 00
6,720 84

7,2 20 84
$1,598,832 19
PAYM EN TS

To depositors, including dividends paid to them........................... $1 ,077,438 04
For loans on bonds and mortgages......................................................
81,900 00
For stocks and bonds purchased, including premiums, com­
missions, etc. (total par value, $125,000).................................
119,472 50
For interest (other than dividend payments to depositors)..
1,134 73
For current expenses of the bank, viz.:
For salaries ...........................................................................
For taxes : Banking house, $43.48 ; surplus, $88.26___
For expenses, except taxes, o f banking h o u s e :
Repairs ..............................................................................
Insurance ..........................................................................
O t h e r ..................................................................................
For rent o f banking room s..................................................
F or expenses of other real estate, v i z .:
Repairs ..............................................................................
Insurance ..........................................................................
T a x e s ..................................................................................
O t h e r ..................................................................................
For other expenses, not including expenses o f other
real estate nor other expenses o f banking h ou se...

$11,730 50
131 74
311
74
534
7,000

68
21
00
00

1,097
316
2,564
960

91
11
32
58

3,127 64

27,848 69
For real estate acquired by foreclosure, or in settlement of
debts due the bank..............................................................................
Other payments, viz.: Suspense account......................................
Cash on hand and in banks or trust companies December 31,
1915, after transactions of the day...............................................

49,017 93
5,923 50
236,096 80
$1,598,832 19

STATISTICAL INFORMATION
Number of open accounts January 1, 1916......................................
Number of accounts opened or reopened during the year. . . .
Number of accounts closed during the year....................................
Amount deposited during the year, not including dividends
credited for that period.....................................................................
Amount withdrawn during the year...................................................
Amount of dividends credited and paid for the year, viz.:
July 1, 1915 .............................................................................
January 1, 1916 .....................................................................

$972,378 73
1,077,438 04

$48,327 52
47,850 59

Average amount of each account January 1, 1916......................
Rate per cent, of dividends to depositors during the six months
ending June 30, 1915..........................................................................
Rate per cent, of dividends to depositors during the six months
ending December 31, 1915...................................................................
Total earnings of the bank for the year 1915, after allowing
for amortization of premiums and discounts.............................
Total expenses of the bank for the year 1915...............................
Interest paid to depositors for the year 1915...............................
Net earnings for the year 1915 over expenses and interest
paid to depositors................................................................................




8,685
1,425
1,286

96.178 11
348 99
3%

3 y2
$142,670 22
34,756 44
96.178 11
11,735 67

R eport on S avin gs B a n k s

164
63.

THE BAN K

FOR S A V IN G S

[280 Fourth aven ue;
W ALTE R TRIM BLE, President.
FR ED ERIC W. STEVENS, Vice-Pres.
C H ARLES S. BROWN, Vice-Pres.

IN

THE

C IT Y

OF N E W

YORK

incorporated 1819]
A D R IA N ISELIN , J b ., Vice-Pres.
JAMES KNOWLES, Comptroller.
LE W IS B. GAW TRY, Secretary.

TRUSTEES
W A LTE R TRIM BLE,
FREDERIC W. STEVENS,
CHARLES S. BROWN,
A D R IA N ISELIN, J r .,
L E W IS B. GAW TRY,
CHAS. A. SHERMAN,
HENRY W. d e FOREST,
W. IRVIN G CLARK,
W ILLIA M J. RIK E R ,

WM. W. A PPLETON ,
THOM AS DIMOND,
ROBERT BACON,
HENRY R. HOYT,
AUGUST BELM ONT,
CHARLES H. TW EED,
W ILLIA M SLOANE,
JAM ES KNOW LES,
THOMAS DENNY,

JOHN E. COWDIN,
JAM ES S. A LEX A N D E R ,
NICHOLAS BIDDLE,
GEORGE F. BAKER, JB.,
OTTO M. E ID L ITZ,
GEO. E. ROOSEVELT,
T H A TCH E R M. BROWN,
L E W IS C. LEDYARD, J b .,
JULIAN L. PEABODY.

FINANCIAL
RESOURCES

Bonds and mortgages ......... .................................................................... $48,654,600 00
Stock and bond investments, viz.:
P ar
S to c k s and bon ds
value
State o f New Y ork................. $2,505,000 00
State o f Maryland .................
830,000 00
Cities in other States............ 5,267,600 00
Cities in this State............... 15,327,300 00
500,000 00
Counties in this S tate..........
R ailroad mortgage bonds ... 25,043,000 00

Original
Estimated
cost
market value
$2,581,422 50
$2,500,95000
786,404 16
794,90000
5,524,740 16
5,015,08800
15,922,641 37
14,609,15400
539,588 70
535,00000
25,262,835 40
20,954,07000

$49,472,900 00 $50,617,632 29 $44,409,162 00

= --■ - ■■■==--------------=
-■
44 ,409 ,16 2 00
Banking house and lot, book value, $400,000; cost, $T51,
301.06; actual cash value .................... ............................................
400,000 00
Other real estate, book value, $977,038.64; cost, $987,866.04
actual cash value
............................................................................
977,038 64
Cash on deposit in banksor trust companies...................................
3,3 0 9 ,3 9 8 12
Cash on hand .............................................................................................
785,409 88
1,153,170 36
Total of collectible interest....................................................................
Amount of all other assets, viz.: New York State barge canal
judgments ................................................................................................
14,773 02
$99,703,552 02
L IA B IL IT IE S

Amount due depositors, viz.:
P rincipal ................................................................................. $90,873,530 13
Dividends credited or to be credited fo r the six
months ending with December 31, 1915...................... 1,529,069 97

------------------ $92,402,600 10
Surplus on market value.........................................................................
7,300,951 92
$99,703,552 02
Surplus on par value, $12,364,689.92.
CASH TRANSACTIONS DURING THE YEAR 1915
RECEIPTS

Cash on hand and in banks or trust companies January 1,
1915, before transactions of the day............................................... $3,400,608 98
From depositors, not including dividends credited...................... 14,158,392 56
From interest on loans, deposits and investments...................... 4,1 09,9 13 50
From rents from other real estate....................................................
29,639 03
From mortgages .........................................................................................
1,633,350 00
From redemption of stocks and bonds..............................
474,000 00
From stocks and bonds sold (total par value,$1,000,000) . . . .
940,823 35




N e w Y ork C o u n t y

165

From all other sources, viz.:
F ire insurance loss ..............................................................
Rebate insurance premium ...............................................
Gain at counter ...................................................................

$528 00
13 97
32 00

$573 97
$24,747,301 39
PAYM ENTS

To depositors, including dividends paid to them.........................$ 1 7 ,9 4 0 ,4 6 5
For loans on bonds and mortgages........................................
1,422,000
For stocks and bonds purchased, including premiums, com­
missions, etc. (total par value, $875,000)....................
902,468
For interest (other than dividend payments todepositors) . . .
6,095
For current expenses of the bank, viz.:
For salaries ...........................................................................
For ta x e s : Banking house, $13,688.65 ; surplus,
$35,326.14 ................................................................................
For expenses, except taxes, o f banking h o u s e :
Repairs .............................................................................
Insurance ..........................................................................
For expenses of other real estate, viz. :
Repairs ..............................................................................
Insurance .........................................................................
Taxes .................................................................................
O t h e r ..................................................................................
For other expenses, not including expenses o f other
real estate nor other expenses o f banking h ou se...

29
00
47
98

$108,675 34
49,014 79
163 05
92 00
6,211
68
18,354
972

84
97
18
63

23,860 17

207,412 97
For real estate acquired by foreclosure, or in settlement of
debts due the bank ..............................................................................
Other payments, viz.:
New York State barge canal judgm ents........................
Gain at counter ...................................................................

159,249 66

$14,773 02
28 00

14,801 02
Cash on hand and in banks or trust companies December 31,
1915, after transactions of the day...............................................

4,0 9 4 ,8 0 8 00
$24,747,301 39

STATISTICAL INFORMATION
Number of open accounts January 1, 1916.................... ..................
146,065
Number of accounts opened or reopened during the y e a r .. . . .
15,385
Number of accounts closed during the year....................................
17,418
Amount deposited during the year, not including dividends
credited for that period....................................................................... $14,158,392 56
Amount withdrawn during the year................................................... 17,940,465 29
Amount of dividends credited and paid for the year, viz.:
July 1, 1915 ............................................................................. $1,537,730 10
January 1, 1916 ...................................................................... 1,529,069 97

3 .0 66.8 00 07
Average amount of each account January 1, 1916......................
632 61
Rate per cent, of dividends to depositors during the six
months ending June 30, 1915............................................................
3%
Rate per cent, of dividends to depositors during the six
months ending December 31, 1915...................................................
3%
Total earnings of the bank for the year 1915, after allowing
for amortization of premiums and discounts............................. $4,007,289 82
Total expenses of the bank for the year 1915...............................
207,412 97
Dividends paid to depositors for the year 1915.............................
3.066.8 00 07
Net earnings for the year 1915 over expenses and dividends
paid to depositors ................................................................................
733,076 78




166

R eport on S a vin g s B a n k s
64.

THE BOW ERY

S A V IN G S B A N K , N E W

[128-30 B o w e r y ;
HENRY A. SCHENCK, President.
WM. H. SPACEMAN, Vice-President.
W ILLIAM A. NASH, Vice-President.

Y O R K C IT Y

incorporated 1834]
JOSEPH G. LIDDLE, Secretary.
PERCY G. DELAM ATER, Asst. Secy.
W ILLIA M E. KNOX, Comptroller.

TRUSTEES
HENRY A. SCHENCK,
WM. M. SPACEMAN,
WM. A. NASH,
JOHN J. SINCLAIR,
GEO. H. ROBINSON,
GEORGE JEREM IAH ,
HENRY C. BERLIN,
CHARLES E. BIGELOW ,

THOMAS B. KENT,
W ILLIA M C. WOOD,
I. W. DRUMMOND,
H. B. DOMINICK.
C. LAW RENCE PERK INS,
ROBERT M. GALLAW AY,
M ARK M. MACLAY,
FRAN CIS S. BANGS,
L E W IS L. CLARKE.

R IC H A R D M. HOE,
GEORGE M cN EIR,
CHARLES H. TENNEY,
H OBART J. PARK ,
W. H U LL W ICKH AM ,
STEPHEN BAKER,
AR TH U R L. LESHER,
S. W. F A IRC H ILD ,

F IN A N C IA L

RESOURCES

Bonds and mortgages................................................................................ $62,143,265 00
Stock and bond investments, viz.:
P ar
Original
Estimated
S to c k s and bon d s
value
cost
market value
$874,000 00
$897,210 00
$865,260 00
State o f New Y ork.................
State o f Massachusetts ....... 1,215,000 00
1,277,858 80
1,121,970 00
State o f Rhode Islan d............
50,000 00
54,562 50
48,500 00
Cities in other States............ 7,028,500 00
7,558,549 47
6,835,150 00
Cities in this State............... 9,630,049 43 10,037,587 68
9,208,220 94
Railroad mortgage bonds . . . 26,850,000 00 29,920,120 77 25,534,240 00
$45,647,549 43 $49,745,889 22 $43,613,340 94

Banking house and lot, book value, $200,000; cost, $796,080.91; actual cash value.........................................................................
Other real estate, book value, $448,735.22; cost, $486,950.34;
actual cash value..................................................................................
Cash on deposit in banks or trust companies.................................
Cash on hand................................................................................................
Total of collectible interest...................................................................
Amount of all other assets, viz.:
New York State barge canal judgm ents......................
Taxes advanced .....................................................................
Rents accrued .......................................................................
L IA B IL IT IE S

200,000 00
448,735
6,1 2 7 ,1 5 8
990,160
1,721,751

22
27
61
96

$4,127 75
45,978 65
753 67

-----------------50,860 07
$115,295,272 07

Amount of all other assets, viz.:
Principal ................................................................................$101,135,876 82
Dividends credited or to be credited fo r the six
months ending w ith December 31, 1915....................
1,686,091 07

------------------ $102,821,967 89
Other liabilities, viz.: Deposit tobind contract of sale............
500 00
Surplus on market value.......................................................................... 12,472,804 18
Surplus on par value, $14,507,012.67.

$115,295,272 07

CASH TRANSACTIONS DURING THE YEA R 1915
R E CEIPTS

Cash on hand and in banks or trust companies January 1,
1915, before transactions of the day............................................ $8 ,262,947 30
From depositors, not including dividends credited...................... 20 ,093,089 71
4,841,1 91 76
From interest on loans, deposits and investments........................
From rents from other real estate.....................................................
28,547 38
From mortgages .......................................................... .. .......................... 2,3 2 9 ,3 7 8 00
1 ,7 63,2 50 00
From redemption of stocks and bonds...............................................
432,292 00
From stocks and bonds sold (total par value, $509,000)...........
183,000 00
From real estate sold..............................................................................
From all other sources, viz.:
S atisfaction o f mortgages .................................................
N otarial fees ..........................................................................
P ublic telephone ...................................................................
Profit and loss to adjust overdraft accoun t...............
R eceiver in foreclosure proceedings................................
Adjustm ent o f price o f bonds purchased...................
Adjustm ent o f price o f real estate................................
Taxes advanced refunded .....................




$138 00
67 25
13 07
50 00
6,340 50
164 54
781 41
18,000 00

1 67

N e w Y ork C o u n ty
P rofit and loss to adjust claim on accou n t...............
Deposit to bind con tra ct......................................................

$305 13
500 00

------------------ $26,359 90
$37,960,056 05
PAYM EN TS

To depositors, including dividends paid to them......................... $22,895,896
For loans on bonds and mortgages...................................................... 3 ,1 6 4 ,2 5 0
For stocks and bonds purchased, including premiums, com­
missions, etc. (total par value, $3,608,500)...............................
3,8 24,3 55
For interest (other than dividend payments to depositors) . . .
55,656
For current expenses of the bank, viz.:
F or salaries ...........................................................................
F or
t a x e s : Banking
house,
$6,479.00; surplus,
$96,024.31 ................................................................................
F or expenses, except taxes, o f banking h o u s e :
Repairs .............................................................................
O t h e r ..................................................................................
F or expenses of other real estate, v i z .:
Repairs ..............................................................................
In s u r a n c e ..........................................................................
Taxes ..................................................................................
Other ..................................................................................
F or other expenses, not including expenses o f other
real estate nor other expenses o f banking house..

19
00
72
00

$120,315 00
102,503 31
1,349 63
15,242 84
6,562
1,719
8,527
7,903

93
13
76
79

40,005 00

304,129 39
For real estate acquired by foreclosure, or in settlement of
debts due the bank................................................................................
Other payments, viz.:
T eller’s deficits .....................................................................
Taxes advanced .....................................................................
Adjustm ent o f overdraft account .....................................
New York State barge canal judgm ents p u rch ased ...
Foreclosure expenses .........................................................
Adjustm ent o f claim ............................................................

$85
65,204
50
4,127
498
305

528,179 78

00
12
00
75
09
13

70,270 09
Cash on hand and in banks or trust companies December 31,
1915, after transactions of the day...............................................

7 ,1 1 7 ,3 1 8 88
$37,960,056 05

STATISTICAL INFORMATION
Number of open accounts January 1, 1916......................................
142,586
21,974
Number of accounts opened or reopened during the year.........
Number of accounts closed during the year....................................
20,933
Amount deposited during the year, not including dividends
credited for that period...................................................................... $20,093,089 71
Amount withdrawn during theyear..................................................... 22 ,895,896 19
Amount of dividends credited and paid for the year, viz.:
July 1, 1915 ............................................................................. $1,683,397 85
January 1, 1916 ..................................................................... 1,686,091 07

------------------ 3,3 6 9 ,4 8 8 92
Average amount of each accountJanuary 1 ,1 9 1 6 ........................
721 12
Number of accounts which exceeded $3,000, exclusive of divi­
dends credited, at the last trial balance of depositors’ ledgers,
except deposits arising from society accounts, or judicial
sales, or trust funds, or by order of a court of record or
of a surrogate.........................................................................................
3
$10,883 34
Total amount of such accounts............................................................
Rate per cent, of dividends to depositors during the six months
ending June 30, 1915............................................................................
3^
Rate per cent, of dividends to depositors during the six months
ending December 31, 1915..................................................... 4...........
3*4
Total earnings of the bank for the year 1915, after allowing
for amortization of premiums and discounts............................. $ 4 ,702 ,30 0 72
Total expenses of the bank for the year 1915.................................
304,129 39
Dividends paid to depositors for the year 1915.............................
3,3 6 9 ,4 8 8 92
Net earnings for the year 1915 over expenses and dividends
paid to depositors................................................................................
1,028,6 82 41




168

R eport on S avin g s B a n k s
65.

BROADW AY

S A V IN G S IN S T IT U T IO N , N E W

YORK

C IT Y

[5-7 Park p la ce ; incorporated 1851]
HORACE F. HUTCHINSON, President.
EUGENE BRITTON, Treasurer.
J. A. GEISSEN HAIN ER, Vice-Pres.
W IL L IA M H. ROSE, Secretary.
RICHARD B. KELLY, Vice-Pres.

TRUSTEES
J. A. GEISSEN HAIN ER,
H. F. HUTCHINSON,
EUGENE BRITTON,
H. M ORTIM ER BRUSH,
OSCAR T. MACKEY,

RIC H A R D B. K E LLY ,
REMSEN JOHNSON,
E DW ARD TOWN SEND,
F R ED ER IC K W. HUNTER
CHARLES A. FRANK.

SAMUEL S. BLOOD,
HENRY A. H OW ARTH ,
W IL L IA M H. ROSE,
A. B. W ESTE R V E LT,
ED W AR D E. W ATTS.

FIN AN CIAL
RESOURCES

Bonds and mortgages............................................
Stock and bond investments, viz.:
S to c k s

and

P ar
value
$50,000 00
296.000 00

bonds

State o f New Y ork.................
State o f Missouri .................
State o f Maryland ...............
Cities in other States............
Cities in this State...............
Counties in this S tate............
Villages in this S tate............
R ailroad mortgage b o n d s ___

100.000 00
200,000 00

439,800 00
300,000 00
12,000 00

1,928,000 00
$3,325,800 00

$8,885,950 00

Original
Estimated
cost
market value
$51,437 50
$51,000 00
291,154 75
294,600 00
99,875 00
100,000 00
222,328 00
196.000 00
449,075 96
439,820 00
300,000 00
291.000 00
12,055 10
12,000 00
2,103,643 07
1,854,060 00
$3,529,569 38

$3,238,480 00

= = =
—— ------- Loans upon pledge of securities............................................................
Banking house and lot, book value, $270,000; cost, $271,261.83;
actual cash value ...................................................................................
Other real estate, book value, $583,525; cost, $601,306.96;

3 ,2 38,4 80 00
10,000 00
270,000 00

actual cash value .....................................................................

583,525 00

Cash on deposit in banks or trust companies...............................
Cash on hand ...........................................................................................
Total of collectible interest...................................................................

1,097,588 17
184,689 35
146,514 70
$14,416,747 22

L IA B IL IT IE S'

Amount due depositors, viz.:
P r in c ip a l..................................................................................$13,525,635 39
Dividends credited or to be credited fo r the six
months ending with December 31, 1915......................
257,337 87

------------------ $13,782,973 26
Surplus on market value .....................................................................
633,773 96
$14,416,747 22
Surplus on par value, $721,093.96.
CASH TRANSACTIONS DURING THE YEAR 1915
R E CEIPTS

Cash on hand and in banks or trust companies January 1,
1915, before transactions of the day............................................
From depositors, not including dividends credited......................
From interest on loans, depositsand investments........................
From rents from
other realestate......................................................
From mortgages
...........................................................................
From redemption of stocks and bonds...............................................
From loans paid
...........................................................................
From real estate
sold...........................................................................
From all other sources, viz.: Deficiency judgment....................




$934,520
2,8 21,2 33
628,132
1,254
685,900
748,000
3,000
163,735
1,932

03
07
85
37
00
00
00
34
08

$5 ,987,707 74

N e w Y ork C o u n t y

169

PAYM ENTS

To depositors, including dividends paid to them.................... $2 ,9 4 6 ,1 2 4 82
For loans on bonds and mortgages.....................................................
1,057,500 00
For loans on stocks and bonds and other securities....................
3,000 00
For stocks and bonds purchased, including premiums, com­
missions, etc. (total par value, $2 01,000).................................
208,005 24
For interest (other than dividend payments to depositors)..
2,881 79
For current expenses of the bank, viz.:
For salaries ..........................................................................
For ta x e s : Banking house, $3,415.20; surplus,
$5,251.12 ..................................................................................
For expenses, except taxes, o f banking h o u s e :
Repairs ..............................................................................
Other ..................................................................................
F or expenses of other real estate, viz. :
Repairs ..............................................................................
Insurance ..........................................................................
Taxes ..................................................................................
For other expenses, not including expenses o f other
real estate nor other expenses o f banking h o u se ...

$34,245 00
8,666 32
463 64
62 50
37 50
22 50
3,772 00
5,199 53

52,468 99
For real estate acquired by foreclosure, or in settlement of
debts due the bank..............................................................................
Cash on hand and in banks or trust companies December 31,
1915, after transactions of the day...............................................

435,449 38
1,282,277 52
$5 ,987 ,70 7 74

STATISTICAL INFORMATION
Number of open accounts January 1, 1916....................................
15,373
Number of accounts opened or reopened during the year.........
2,098
Number of accounts closed during the year.................................
1,897
Amount deposited during the year, not including dividends
credited for that period..................................................................... $2 ,821 ,23 3 07
2 ,9 4 6 ,1 2 4 82
Amount withdrawn during the year.................................................
Amount of dividends credited and paid for the year, viz.:
July 1, 1915 .............................................................................
January 1, 1916 .......<............................................................

$253,773 14
257,337 87

Average amount of each account January 1, 1916......................
Rate per cent, of dividends to depositors during the six
months ending June 30, 1915............................................................
Rate per cent, of dividends to depositors during the six
months ending December 31, 1915.................................................
Total earnings of the bank for the year 1915, after allowing
for amortization of premiums and discounts.............................
Total expenses of the bank for the year 1915...............................
Dividends paid to depositors for the year 1915.............................
Net earnings for the year 1915 over expenses and dividends
paid to depositors ................, ..............................................................




511.111 01
896 57
4
4
$616,219 76
52,983 16
511.111 01
52,125 59

170

R eport on S avin g s B a n k s
66.

C IT IZ E N S ’ S A V IN G S B A N K , N E W Y O R K C IT Y

[56-58 Bowery ; incorporated 1866]
HENRY HASLER, President.
HENRY SAYLER, Secretary.
CHARLES H. CLARK, Vice-Pres.
E M IL A. HUBER, A sst. Secretary.
CHARLES H. SMITH. Vice-Pres.

TRUSTEES
CHAS. H. STEIN W AY
HENRY HASLER,
CHARLES GULDEN,
PE RC IV A L KUHNE,
JAM ES ROWLAND,
A RTH U R W. WATSON,
JOHN C. JUHRING,

JOHN M. FUCHS,
D A V ID C. TOWNSEND,
F R E D ’ K W. W URSTER,
CHARLES H. SM ITH,
JOHN A. BEALL,
CHARLES H. CLARKE,
E DW ARD H. TITU S,

B A R A K G. COLES,
RICHARD A. BACHIA,
JULIUS DE LONG,
JOHN L. DUDLEY,
HENRY SAYLER,
W ARNER D. ORVIS,
W IL L IA M H. SCHMIDT.

FIN AN CIAL
RESOURCES

Bonds and mortgages................................................................................
Stock and bond investments, viz.:
P ar
value
$900,000 00

S to c k s a n d b o n d s

State o f New York ...............
State o f M assachusetts .......
State o f Colorado .................
Cities in other States............
Cities in this State.................
Counties in this S tate..........

1, 000,000 00
21,000 00

2.050.000 00
3.123.000 00
280,000 00
$7,374,000 00

$8,928,400 00

Original
Estimated
cost
market value
$938,000 00
$983,151 90
1,122,117 00
929,000 00
21, (jO 00
O
16.173 n0
2,263,682 50
2.013.S75 00
3,3,'2,2-jO 20
3,020,765 00
320,495 0(
278,700 00
$8,082,646 60

$7,196,510 C
O

-■
--------------- ■ 7,1 9 6 ,5 1 0 00
Banking house and lot, book value, $125,000; cost, 276,208.16;
actual cash value..................................................................................
125,000 00
Other real estate, book value, $24,569.46; cost, $24,569.46;
actual cash value..................................................................................
22,568 03
Cash on deposit in banks or trust companies.................................
1,775,590 32
Cash on hand................................................................................................
262,616 42
Total of collectible interest.....................................................................
173,061 67
$18,483,746 44
L IA B IL IT IE S

Amount due depositors, viz.:
Principal ................................................................................. $16,045,733 59
Dividends credited or to be credited fo r the six
months ending with December 31, 1915 ......................
266,693 18

------------------ $1 6,312,336 77
Surplus on market value.......................................................................... 2,1 71,4 09 67
$18,483,746 44
Surplus on par value, $2,348,899.67.
CASH TRANSACTIONS DURING THE YEA R 1915
R E CEIPTS

Cash on hand and in banks or trust companies January 1,
1915, before transactions of the day............................................... $1,713,637 59
From depositors, not including dividends credited........................
3,295,691 76
From interest on loans, deposits and investments......................
747,885 50
From rents from banking house............................................................
7,136 43
From rents from other real estate.....................................................
127 70
From mortgages .........................................................................................
71,000 00
From redemption of stocks and bonds...............................................
72,000 00
From stocks and bonds sold (total par value, $ 2 0 0 ,0 0 0 ) ....
200,500 00
Amount of all other assets, viz.:
Deficiency judgm ent .............................................................
Real estate account-rents received during foreclosure




$150 00
170 95

-------------------------------------- 32095
$6,108 ,29 9 93

N e w Y ork C o u n ty

171

PAYM EN TS

To depositors, including dividends paid to them
For current expenses of the bank, viz.:
F or salaries ...........................................................................
For ta x e s: Banking house,$3,193.78; surplus, $20,286.10
F or expenses, except taxes, o f banking h o u se :
R e p a ir s ..............................................................................
In s u r a n c e ..........................................................
2,244
O t h e r ..................................................................
75
For expenses o f other real estate, v i z .:
Repairs ..............................................................................
I n s u r a n c e ..........................................................
10
Taxes .................................................................................
For other expenses, not including expenses o f other
real estate nor other expenses o f banking house..

$3 ,903 ,81 3 63
$52,250 00
23,47988
169 70
31
00
47 37
00
177 65
10,699 89

89,153 80
For real estate acquired by foreclosure, or in settlement of
debts due the bank................................................................................
Other payments, viz.: Addition to banking house and l o t .. . .
Cash on hand and in banks or trust companies December 31,
1915, after transactions of the day.................................................

24,890 41
52,235 35
2,0 38,2 06 74
$6 ,108,299 93

STATISTICAL INFORMATION
Number of open accounts January 1, 1916......................................
27,128
3,007
Number of accounts opened or reopened during the year...........
Number of accounts closed during the year....................................
2,897
Amount deposited during the year, not including dividends
credited for that period..................................................................... $3,295,691 76
Amount withdrawn during the year...................................................
3,9 03,8 13 63
Amount of dividends credited and paid for the year, viz.:
July 1, 1915 .............................................................................
January 1, 1916 ......................................................................

$266,715 55
266,603 18

-----------------Average amount of each account January 1 ,1 9 1 6 ........................
Number of accounts which exceeded $3,000, exclusive of div­
idends credited, at the last trial balance of depositors’
ledgers, except deposits arising from society accounts, or
judicial sales, or trust funds, or by order of a court of
record or of a surrogate.....................................................................
Total amount of such accounts............................................................
Rate per cent, of dividends to depositors during the six months
ending June 30, 1915..........................................................................
Rate per cent, of dividends to depositors during the six months
ending December 31, 1915.....................................................................
Total earnings of the bank for the year 1915, after allowing
for amortization of premiumsanddiscounts............ ....................
Total expenses of the bank for theyear 1915................................
Dividends paid to depositors for the year 1915.............................
Net earnings for t e year i915 over expenses and dividends
paid to depositors..................................................................................




533,318 73
601 31

1
$7,039 00
3%

$737,880 60
89,153 80
533,318 73
115,408 07

172

R eport on S avin gs B a n k s
67.

COM M ONW EALTH

S A V IN G S B A N K , N E W

YORK

C IT Y

[2007 Amsterdam av en u e; incorporated 1910]
JOHN H. BOSCHEN, President.
LOUIS K. UNGRICH, Vice-Pres.
JOHN A . MURRAY, Vice-Pres.
CHARLES S. GAUBERT, Secretary.

TRUSTEES
HERMAN W. BEYER,
JOHN H. BOSCHEN,
JOHN F. COWAN,
JOHN R. DAVIES,
FRANK B. FRENCH,
SIGMUND W ECH SLER,
CHARLES S. GAUBERT,
P H IL IP HANO,

V A LEN TIN E J. HAHN,
HENRY O. HEUER,
CORNELIUS HUTH,
GEORGE H. HYDE,
THOM AS F. M cAVOY,
JOHN A. M URRAY.
C H R ISTIAN SCHIEIlLOH,
WM. F. SCHNEIDER,
GUSTAV SCIIOLER.

DONALD G. SINCLAIR,
RICHARD H. SM ITH,
LOUIS K. UNGRICH,
M ARTIN W ALLACE,
BURTON J. W ILK E ,
W ILLIA M S. BENNETT,
OTTO H. SCIILOBOIIM,
FRANK P. SCHIM PF,

FIN AN CIAL
RESOURCES

Bonds and mortgages................................................................................
Stock and bond investments, viz.:
P ar
S to c k s an d lo n d s
value
State o f C alifornia ...............
$10,900
Cities in other States...
25,000
Cities in this State........
113,000
School districts in this State
4,600
Railroad mortgage bonds . ..
54,000

00
00
00
00
00

$206,600 00

Original
cost
$9,706
25,659
110,424
4,894
50,644

20
02
30
09
12

$201,327 73

$486,300 00

Estimated
market value
$9,700 00
25,100 00
111,070 00
4,836 00
47,580 00
$198,286 00

■
■
■■■
Other real estate, book value, $19,547.31; cost, $19,547.31;
actual cash value ..................................................................................
Cash on deposit in banks ortrust companies....................................
Cash on hand .............................................................................................

198,286 00
19,547 31
90,156 30
5,450 29

Total of collectible interest.........................................................

12,282 30

Amount of all other assets, viz.:Furniture and fixtures..............

1,400 00
$813,422 20

L IA B IL IT IE S

Amount due depositors, viz.:
Principal .................................................................................
Dividends credited o r to be credited fo r the six
months ending with December 31, 1915........................

$783,532 84
13,294 42

-----------------Surplus on market value.......................................................................

$796,827 26
16,594 94
$813,422 20

Surplus on par value, $24,908.94.
CASH TRANSACTIONS DURING THE YEA R 1915
R E C E IPTS

Cash on hand and in banks or trust companies January 1,
1915, before transactions of the day...............................................
From depositors, not including
dividendscredited.............
From interest on loans, deposits and investments.......................
From mortgages ........................................................................................
From redemption of stocks and
bonds.....................................
From all other sources, viz.:
Insurance premiums advanced, refunded......................
Contributions by trustees ..................................................




$70,030
457,701
33,205
46,750
3,000

92
73
88
00
00

$80 00
150 00

-------------------------------------- 23000
$610,918 53

N e w Y ork C o u n ty

173

PAYM ENTS

To depositors, including dividends paid to them...........................
For loans on bonds and mortgages.....................................................
For stocks and bonds purchased, including premiums, commis­
sions, etc. (total par value, $ 3 3,00 0)............................................
For interest (other than dividend payments to depositors) . . . .
For current expenses of the hank, viz.:
For salaries ..........................................................................
For expenses, except taxes, o f banking h o u s e : In­
surance .................................................................................
F or rent o f banking room s................................................
F or expenses o f other real estate, v i z .: T axes................
F or other expenses, not including expenses o f other
real estate nor other expenses o f banking h ou se..

$319,837 77
139,000 00
30,091 84
357 31

$4,110 01
42 77
1,200 00
223 10
821 83

6,397 71
For real estate acquired by foreclosure, or in settlement of
debts due the bank................................................................................
Other payments, v iz.: Insurance premiums advanced................
Cash on hand and in banks or trust companies December 31,
1915, after transactions of the day.................................................

19,547 31
80 00
95,606 59
$610,918 53

STATISTICAL INFORMATION
Number of open accounts January 1, 1916......................................
Number of accounts opened or reopened during the y e a r ....
Number of accounts closed during the year....................................
Amount deposited during the year, not including dividends
credited for that period.......................................................................
Amount withdrawn during the year...................................................
Amount of dividends credited and paid for the year, viz.:
July 1, 1915 ...........................................................................
January 1, 1916 ......................................................................

$457,701 73
319,837 77

$12,135 57
13,294 42

Average amount of each account January 1, 1916........................
Rate per cent, of dividends to depositors during the six months
ending June 30, 1915............................................................................
Rate per cent, of dividends to depositors during the six months
ending December 31, 1915...................................................................
Total earnings of the bank for the year 1915, after allowing
for amortization of premiums and discounts.............................
Total expenses of the bank for the year 1915.................................
Dividends paid to depositors for the year 1915.............................
Net earnings for the year 1915 over expenses and dividends
paid to depositors............................................................................; . .




4,601
1,577
935

25.429 99
173 19
4
4
$34,333 77
6,158 69
25.429 99
2,745 09

R eport on S avin g s B a n k s

174
68.

D R Y DOCK S A V IN G S IN S T IT U T IO N , N E W

Y O R K C IT Y

[341 B o w e r y ; incorporated 1848]
ANDREW M ILLS, President.
SAM U EL W EBSTER, Secretary.
WM. F. PATTERSON, Vice-President.
F R ED ER IC K SHERWOOD, Asst. Secy.
BENJ. D e F. CURTISS, Vice-Pres.

TRUSTEES
DAVID J. TAFF,
ANDREW M ILLS,
FR ED E R IC K ZITTE L,
JOHN A. TACKABERRY,
W ILLIA M S. GRAY,

BENJ. D e F. CURTISS,
W. M. BENNETT,
W A LTE R E. FREW ,
WM. H. REMICK,

LORENZO DANIELS,
WM. F. PATTERSON.
AUGUSTUS H. TENNIS,
GEORGE B. HODGMAN.
RICHARD T. DAVIES.

FIN AN CIAL
RESOURCES

$27,985,500 00

Bonds and mortgages................................................... .
Stock and bond investments, viz.:
Par

S to c k s

State o f
State o f
State o f
State o f
State o f
Cities in
Cities in
Counties
R ailroad

and

Original

value

bonds

New York ..............
Maryland ...............
California ..............
Tennessee ..............
Massachusetts ......
other States...........
this State................
in this State............
m ortgage bonds . . .

$200,000
100,000
100,000
250,000
900,000
3,948,000
4,868,928
200,000
6,930,000

00
00
00
00
00
00
94
00
00

Estimated

market value
cost
$204,000 00
$201,000 00

94,524
96,623
257,740
980,557
4,212,067
4,996,718
217,720
7,504,410

36
20
23
50
01
81
00
13

95.000
97.000
261,500
839.000
3,936,620
4,732,043

00
00
00
00
00
70

200.000 00

6,620,420 00

$17,496,928 94 $18,561,361 24 $16,985,583 70

— - -- --------------- '
16,985,583 70
Banking house and lot, book value, $150,000; cost, $568,571.31;
actual cash value..................................................................................
150,000 00
Other real estate, book value, $14,936.53; cost, $14,936.53;
actual cash value....................................................................................
14,936 53

Cash on deposit in banks or trust companies.............................

2,678,509 20

Cash on hand...............................................................................................
Total of collectible interest.....................................................................

734,786 50
778,019 22
$49,327,335 15

L IA B IL IT IE S

Amount due depositors, viz.:
Principal ................................................................................. $44,509,911 01
Dividends credited or to be credited fo r the six
m onths ending with December 31, 1915......................
722,006 43

------------------ $45,231,917 44
4,0 95,4 17 71
Surplus on market value.........................................................................
$49,327,335 15
:
.

Surplus on par value, $4,606,762.95.

CASH TRANSACTIONS DURING THE YEA R 1915
RECEIPTS

Cash on hand and in banks or trust companies January 1,
1915, before transactions of the day............................................... $3,369,321 33
From depositors, not including dividends credited........................ 11,505,443 83
From interest on loans, deposits andinvestments..........................
2,0 4 7 ,4 6 2 87
From rents from other real estate......................................................
1,610 50
From m ortgages.........................................................................................
817,300 00
From redemption of stocks and bonds...............................................
769,250 00
From stocks and bonds sold (total par value,$361,000).............
350,961 40
From real estate sold...............................................................................
18,000 00
From all other sources, v iz.:
Sale o f waste paper..............................................................
Adjustm ent o f insurance prem ium s................................




$22 89
59 52

-------------------------------------- 8241
$18,879,432 34

175

N e w Y oke C o u n t y
PAYM ENTS

To depositors, including dividends paid to them...........................$10,579,162
For loans on bonds and mortgages.....................................................
2 ,7 0 2 ,0 0 0
For stocks and bonds purchased, including premiums, commis­
sions, etc. (total par value, $1,910,650)...................................... 2 ,0 1 7 ,6 0 3
For interest (other than dividend payments to depositors) . . . .
19,351
For current expenses of the bank, viz.:
F o r s a l a r i e s ....................................................................................................
F o r t a x e s : B a n k in g h o u s e , $3,792.38 ;s u r p lu s , $34,358.23
F o r e x p e n s e s , e x c e p t t a x e s , o f b a n k in g h o u s e :
R e p a i r s ...................................................................................
74
I n s u r a n c e ..................................................................................................
F o r ex p en ses o f o th e r rea l e sta te , v i z . :
R e p a i r s ...................................................................................
238
I n s u r a n c e .............................................................................
40
T a x e s ........................................................................................
489
F o r o t h e r e x p e n s e s , n o t i n c lu d in g e x p e n s e s o f o t h e r
r e a l e s t a t e n o r o t h e r e x p e n s e s o f b a n k in g h o u s e . .

64
00
97
23

$74,592 52
38,150 61
66
490 00
00
00
29
15,957 78

130,032 86
For real estate acquired by foreclosure, or in settlement of
debts due the bank................................................................................
Other payments, viz.: Forged draft.................................................
Cash on hand and in banks or trust companies December 31,
1915, after transactions of the day...............................................

17,685 94
300 00
3 ,4 13,2 95 70
$18,879,432 34

STATISTICAL INFORMATION
Number of open accounts January 1, 1916........................................
79,200
Number of accounts opened or reopened during the year...........
17,982
Number of accounts closed during the year....................................
13,935
Amount deposited during the year, not including dividends
credited for that period......................................................................... $11,505,443 83
Amount withdrawn during the year..................................................... 10,579,162 64
Amount of dividends credited and paid for the year, viz.:
J u ly 1, 1915 .......................................................................................................
J a n u a r y 1, 1916 ..............................................................................................

$704,387 83
722,006 43

------------------ 1,426,394 26
Average amount of each accountJanuary 1, 1916.........................
571 11
Rate per cent, of dividends to depositors during the six months
ending June 30, 1915............................................................................
3%
Rate per cent, of dividends to depositors during the six months
ending December 31, 1915........................................ ..........................
3%
Total earnings of the bank for the year 1915, after allowing
for amortization of premiums and discounts............................... $2,025,876 78
Total expenses of the bank for the year 1915.................................
130,032 86
Dividends paid to depositors for the year 1915...............................
1,426,394 26
Net earnings for the year 1915 over expenses and dividends
paid to depositors..................................................................................
469,449 66




176

R eport on S avin gs B a n k s

69.

T H E E A S T R IV E R S A V IN G S IN S T IT U T IO N , N E W Y O R K C IT Y
[291—295 B r o a d w a y ; in c o r p o r a t e d

D I C K S . R A M S A Y , P r e s id e n t .
C H A R L E S F . B A S S E T T , V i c e -P r e s .

1848]

G E O R G E A B E E L , V i c e -P r e s .
C H A R L E S A . W H I T N E Y , S e creta ry .

TRUSTEES
H E N R Y T . N IC H O L S ,
GEORGE ABEEL,
D IC K S. R A M S A Y ,
W A R R E N C. B A R B E R ,
R IC H A R D Y O U N G ,
J. W O R R A L L A R T H U R ,
W I L L I A M C. S M IT H ,

D A N IE L W . W H IT M O R E ,
C H A S . A . O ’D O N O H U E ,
C H A R L E S F. B A SSE T T,
W I L L I A M C. T A B E R .
J U L IA N D . F A IR C H IL D ,
W IL L IA M C O V E R L Y ,
EVERSLY
C H IL D S ,

JA M ES B. C LE W S,
J. F R E D . P IE R S O N ,
J U L IA N P . F A IR C H IL D ,
R I C H A R D Y O U N G , JR .,
D A R W I N R . J A M E S , J r .,
J A M E S A . S M IT H ,
C H A R L E S A . P E R K IN S .

FIN AN CIAL
RESO U RCES

Bonds and mortgages................................................................................ $17,826,255 00
Stock and bond investments, viz.:
Par
v a lu e

S to c k s and bonds
S t a t e o f N e w Y o r k .......................
S t a t e o f M a s s a c h u s e t t s .........
C it i e s in o t h e r S t a t e s ................
C it ie s in t h i s S t a t e ....................
C o u n t ie s in t h is S t a t e ..............
T o w n s in t h i s S t a t e .....................
R a ilr o a d m o r t g a g e b o n d s . . .

$500,000
1 ,2 5 0 ,0 0 0
3 ,4 2 8 ,0 0 0
6 ,6 8 9 ,5 0 0
290,000
36,000
2 ,0 3 2 ,0 0 0

O r ig in a l
cost
00
00
00
00
00
00
00

$14,225 ,500 00

$513,150
1,3 2 8 ,5 0 5
3 ,5 5 8 ,0 1 1
6 ,6 3 8 ,5 4 5
310,945
36,574
2,0 5 2 ,2 9 5

00
15
44
18
00
92
50

$14,438,027 19

E stim a te d
m a rk e t v a lu e
$495,000
1 ,1 7 0 ,1 0 0
3 ,4 0 4 ,0 2 0
6,4 0 4 ,2 6 5
287,000
37,440
1 ,7 3 0 ,0 1 0

00
00
00
00
00
00
00

$13,527,835 00

13,527,835 00
Banking house and lot, book value, $1,596,985.74; cost, $1,596,985.74; actual cash value...................................................................
Other real estate, book value, $301,300.94; cost, $301,300.94;
actual cash value.....................................................................................
Cash on deposit in banks or trust companies.................................
Cash on hand .............................................................................................
Total of collectible interest.....................................................................
Amount of all other assets, viz.: Rents accrued.........................

1,596,985 74
301,300
4 ,5 75,3 48
10,274
341,059
390

94
60
06
10
85

$38,179,449 29
L IA B IL IT IE S

Amount due depositors, viz.:
P r in c i p a l ............................................................................................................. $33,736,557 28
D iv id e n d s c r e d ite d o r t o be c r e d ite d f o r t h e s ix
m o n t h s e n d in g w ith D e c e m b e r 31, 1915..............................
648,517 53

------------------ $34,385,074 81
Other liabilities, viz.: Rent and taxes on mortgaged premises
2,817 45
Surplus on market value.......................................................................
3,7 91,5 57 03
$38,179,449 29
r ■—
. ■ =

Surplus on par value, $4,489,222.03.

CASH TRANSACTIONS DURING THE YEA R 1915
R E C E IP T S

Cash on hand and in banks or trust companies January 1,
1915, before transactions of the day............................................... $3 ,082,676 81
From depositors, not including dividendscredited.......................
7,412,371 89
From interest on loans, deposits andinvestments..........................
1,570,922 50
From rents from banking house...........................................................
77,942 18
From rents from other real estate......................................................
12,037 84
From mortgages .........................................................................................
795,895 00
From redemption of stocks and bonds.................................................
303,500 00
From all other sources, viz.:
M o r t g a g e e x t e n s io n a g r e e m e n t a n d s a t i s f a c t i o n o f
m o r t g a g e s ......................................................................................................
A p p r a i s a l f e e s ..............................................................................................
R e f u n d a c c o u n t ............................................................................................
F ro m te n a n ts fo r
a l t e r a t i o n s ......................................
R e n t r e c e iv e d f r o m m o r t g a g e d p r e m is e s ......... 5 ,5 7 9




$414
240
450
148

50
00
17
43
66

N e w Y ork C o u n ty
T a x e s a n d in s u r a n c e a d v a n c e d r e f u n d e d .............................
A w a r d f r o m e le v a t e d r a i l r o a d ........................................................

m
$5,142 95
523 45

------------------

$12,499 16
$13,267,845 38

PAYM ENTS

To depositors, including dividends paid to them............................. $7 ,912 ,90 6 02
For loans on bonds and mortgages.....................................................
154,500 00
For stocks and bonds purchased, including premiums, commis­
283,978 57
sions, etc. (total par value, $278,000)......... ................................
For interest (other than dividend payments to depositors) . . . .
2,007 50
For current expenses of the bank, viz.:
F o r s a l a r i e s ....................................................................................................
For
ta x e s:
B a n k in g
h ouse,
$24,527 .68;
s u r p lu s ,
$26,917.93 ...........................................................................................................
F o r e x p e n s e s , e x c e p t t a x e s , o f b a n k in g h o u s e :
R e p a ir s ........................................................................................................
I n s u r a n c e ...................................................................................................
O t h e r .............................................................................................................
F o r r e n t o f b a n k in g r o o m s .................................................................
F o r exp en ses o f o th e r rea l e sta te , v iz . :
R e p a ir s ........................................................................................................
I n s u r a n c e ..................................................................................................
T a x e s .............................................................................................................
O t h e r .............................................................................................................
F o r o t h e r e x p e n s e s , n o t i n c lu d in g e x p e n s e s o f o t h e r
r e a l e s t a t e n o r o t h e r e x p e n s e s o f b a n k in g h o u s e . . .

$41,872 00
51,445 61
3,445
626
22,562
20,000

82
39
68
00

1,458
255
2,543
1,499

08
39
78
56

4,811 64

150,520 95
For real estate acquired by foreclosure, or in settlement of
debts due the hank................................................................................
Other paytnents, viz.:
F i t t i n g u p offices f o r t e n a n t s ............................... ..........................
T a x e s a n d in s u r a n c e p r e m iu m s a d v a n c e d .........................

169,790 21

$609 51
7,909 96

8,519 47
Cash on hand and in banks or trust companies December 31,
1915, after transactions of the day.................................................

4 585,622 66
$1 3,26 7,8 45 38

STATISTICAL INFORMATION
Number of open accounts January 1, 1916......................................
31,786
Number of accounts opened or reopened during the year...........
5,134
Number of accounts closed during the year....................................
4,610
Amount deposited during the year, not including dividends
credited for that period....................................................................... $7,412,371 89
Amount withdrawn during the year...................................................
7,912,9 06 02
Amount of dividends credited and paid for the year, viz.:
J u ly 1, 1915 .......................................................................................................
J a n u a r y 1, 1916 ..............................................................................................

$639,485 68
648,517 53

1,288,0 03 21
Average amount of each account January 1, 1916......................
1,081 76
Number of accounts which exceeded $3,000, exclusive of div­
idends credited, at the last trial balance of depositors’
ledgers, except deposits arising from society accounts, or
judicial sales, or trust funds, or by order of a court of
record or of a surrogate.......................................................................
6
Total amount of such accounts..............................................................
$18,552 81
Rate per cent, of dividends to depositors during the six months
ending June 30, 1915............................................................................
4
Rate per cent, of dividends to depositors during the six months
ending December 31, 1915...................................................................
4
Total earnings of the bank for the year 1915, after allowing
for amortization of premiums and discounts............................ $1 ,653 ,91 8 78
Total expenses of the bank for the year 1915.*...............................
150,520 95
Dividends paid to depositors for the year 1915.............................
1,2 88,0 03 21
Net earnings for the year 1915 over expenses and dividends
paid to d e p o s i t o r s .......................................................
215,394 62




178

R epoet on S avin g s B a n k s

70.

E M IG R A N T

IN D U S T R IA L

S A V IN G S

BANK, N EW

YORK

C IT Y

[51 C h a m b e r s s t r e e t ; in c o r p o r a t e d 1850]
T H O M A S M . M U L R Y , P r e s id e n t .
M Y L E S T I E R N E Y , V i c e -P r e s .
M I C H A E L J . D R U M M O N D . V i c e -P r e s .

J O H N J . P U L L E Y N , C o m p t r o lle r .
L O U I S V . O ’ D O N O H U E , S e creta ry .

TRUSTEES
L . V . O ’D O N O H U E ,
C. V . F O R N E S ,
JA M E S G. JO H N SO N ,
M Y L E S T IE R N E Y ,
M . J. D R U M M O N D ,
JO SEPH P. GRACE,

TH OS. M. M U LR Y,
M. F. M CDERM OTT,
JAM ES C LAR K E,
F R A N K S. G A N N O N ,
J O H N J. P U L L E Y N ,
J O H N G. O ’K E E F F E ,
H E N R Y H E ID E ,

W IL L IA M H A R K N E S S ,
JO H N J. D E E R Y ,
SAM UEL ADAM S,
JO H N D. R YA N ,
TH OM AS E. M URRAY,
F . F. F IT Z P A T R IC K .

FIN AN CIAL
RESOURCES

Bonds and mortgages........................................
Stock and bond investments, viz.:
S to c k s

and

Par
v a lu e

to n d s

S t a t e o f N e w Y o r k ....................... $7,100,000 00
S t a t e o f A l a b a m a ..................... 1 ,000,000 00
S t a t e o f A r iz o n a
.....................
250,000 00
S t a t e o f C a li f o r n ia .....................
280,000 00
S t a t e o f M a s s a c h u s e t t s .......... 1,5 8 2 ,0 0 0 00
S t a t e o f N e w M e x i c o ..................
250,000 00
C it ie s in o t h e r S t a t e s ................ 5 ,5 9 7 ,3 2 6 00
C it ie s in t h is S t a t e .................... 1 2 ,064,750 00
C o u n t ie s in t h is S t a t e ................ 1 ,3 6 0 ,2 0 8 66
T o w n s in t h i s S t a t e .....................
833,884 57
V i l l a g e s i n t h is S t a t e ................
326,000 00
R a ilr o a d m o r t g a g e b o n d s . . . 33,800,696 96
$64,444,866 19

$8 0,660,580 00

O r ig in a l
cost
$7,311,712
1,0 6 8 ,0 9 8
252,721
269,288
1,7 4 3 ,5 1 0
251,875
5,746,787
12,834,223
1,4 2 6 ,2 1 6
870,905
337,174
35,402,347

E s tim a te d
m a r k e t v a lu e
11
62
75
83
00
00
60
49
77
68
97
91

$67,514,862 73

$7,312,000
1 , 000,000
260,000
270,770
1 ,4 6 4 ,1 6 0
252,500
5 ,5 0 5 ,2 1 2
1 2 ,525,525
1 ,4 3 1 ,5 3 1
867,428
323,880
32,974,599

00

00
00
00
00
00
66
00
18
01
00
08

$64,187,605 93

— —
= -— — -— -------= 64,1S7,605 93
Banking bouse and lot, book value, $3,700,000; cost, $4,441,636.33; actual cash value...................................................................
3 ,7 0 0 ,0 0 0 00
Other real estate, book value, $1,111,889.21; cost, $1,111,889.21;
actual cash value.....................................................................................
963,000 00
6,5 51,6 43 27
Cash on deposit in banksor trust companies...................................
Cash on hand ..............................................................................................
891,251 24
Total of collectible interest.....................................................................
2,1 6 1 ,8 5 5 53
Amount of all other assets, viz.: New York State barge canal
judgments ................................................................................................
26,003 46
$159,141,939 43
.

L IA B IL IT IE S

Amount due depositors, viz.:
P r in c ip a l ........................................................................................................... $145,778,566 67
D iv id e n d s c r e d ite d o r t o b e c r e d ite d f o r t h e s ix
m o n t h s e n d in g w i t h D e c e m b e r 31, 1915 .............................
2 ,7 7 8 ,8 3 1 71

------------------ $148,557,398 38
Surplus on market value.........................................................................
10,584,541 05
$159,141,939 43
Surplus on par value, $10,841,801.31.
CASH TRANSACTIONS DURING THE YEA R 1915
R E C E IP T S

Cash on hand and in banks or trust companies January 1,
1915, before transactions of the day............................................... $7,052,956 41
From depositors, not including dividends credited......................... 33 ,205,884 93
From interest on loans, deposits and investments......................... 6,5 18,0 92 7 0
From re n ts fro m b a n k in g h o u se ...................................................................
1 6 7 ,4 5 9 42




N e w Y oek C o u n ty
From
From
From
From
From

179

rents from other real estate.....................................................
mortgages .........................................................................................
redemption of stocks and bonds...............................................
stocks and bonds sold (total par value, $2,180,219) . . . .
real estate sold..................................................................................

$15,331
1,956,965
96,500
2,2 3 1 ,6 2 7
6,012

16
00
00
51
59

$51,250,829 72
PAYM ENTS

To depositors, including dividends paid to them........................... $29,247,777
For loans on bonds and mortgages.....................................................
7,0 8 1 ,7 0 0
For stocks and bonds purchased, including premiums, commis­
sions, etc. (total par value, $6,995,875.34).................................... 6,S 48,371
For interest (other than dividend payments to depositors)
61,972
For current expenses of the bank, viz.:
F o r s a l a r i e s ....................................................................................................
For
ta x e s:
B a n k in g
ho u se,
$58,164.95 ;
s u r p lu s ,
$41,124.28 ..........................................................................................................
F o r e x p e n s e s , e x c e p t t a x e s , o f b a n k in g h o u s e :
R e p a ir s ......................................................................................................
I n s u r a n c e ..................................................................................................
O t h e r ...........................................................................................................
F o r e x p e n se s o f o th e r re a l e s ta te , v i z . :
R e p a ir s .......................................................................................................
I n s u r a n c e .....................
T a x e s ...........................................................................................................
O th e r
...........................................................................................................
F o r o t h e r e x p e n s e s , n o t in c lu d in g e x p e n s e s o f o t h e r
r e a l e s t a t e n o r o t h e r e x p e n s e s o f b a n k in g h o u s e . .

07
00
34
85

$177,845 72
99,289 23
18,597 01
2,061 25
77,988 55
17,448
1,825
29,575
11,022

00
90
20
20

34,699 67

470,352 73
Other payments, viz.:
A c c i d e n t l i a b i li t y j u d g m e n t ...............................................................
F o r g e d d r a f t s ................................................................................................
N e w Y o r k S t a t e b a r g e c a n a l j u d g m e n t p u r c h a s e d ..

$71,099 14
658 62
26,003 46

97,761 22
Cash on hand and in banks or trust companies December 31,
1915, after transactions of the day.................................................

7,4 4 2 ,8 9 4 51
$51,250,829 72

STATISTICAL INFORMATION
Number of open accounts January 1, 1916......................................
165,572
Number of accounts opened or reopened during the year...........
28,902
Number of accounts closed during the year....................................
20,546
Amount deposited during the year, not including dividends
credited for that period....................................................................... $33,205,884 93
Amount withdrawn during the year................................................... 29,247,777 07
Amount of dividends credited and paid for the year, viz.:
J u ly 1, 1915 ....................................................................................................... $2,689,444 36
J a n u a r y 1, 1916 .............................................................................................. 2,7 7 8 ,8 3 1 71

------------------ 5,4 68,2 76
Average amount of each account January 1, 1916........................
897
Rate per cent, of dividends to depositors during the six months
ending June 30, 1915............................................................................
Rate per cent, of dividends to depositors during the six months
ending December 31, 1915...................................................................
Total earnings of the bank for the year 1915, after allowing
for amortization of premiums and discounts............................. $ 6 ,711 ,12 0
Total expenses of the bank for the year 1915.................................
470,352
Dividends paid to depositors for the year 1915.............................
5,4 68,2 76
Net earnings for the year 1915 over expenses and dividends
paid to depositors ................................................................................
772,491




07
23
4
4
04
73
07
24

180

B eport on S avin gs B a n k s
71.

E M P IR E

C IT Y S A V IN G S

BANK, NEW

YORK

C IT Y

[231 W e s t 125th s t r e e t ; in c o r p o r a t e d 1889]
J O H N B E A V E R , P r e s id e n t .
J O H N I I . L O O S , V i c e -P r e s i d e n t .
J . C . W A T S O N , V i c e -P r e s i d e n t .

A . S. V A N W I N K L E , S e creta ry .
H O W A R D C . M U R P H Y , A s s t . Secy.

TRUSTEES
W IL L IA M M O O R E S,
JO H N H . LOO S,
B. G . M IT C H E L L ,
JOH N B EAV ER ,
AR TH U R E. WOOD,

E. H . H A M IL T O N ,
W IL L IA M T . K O C H ,
J. C . W A T S O N ,
JO H N B O T T O M L E Y ,
G E O . II. T A Y L O R ,
E D W A R D L. YO U N G ,

R IC H A R D E . C O C H R A N ,
LYM AN T. DYER,
CHAS. W . DAYTON,
ALBE R T E. M ERRALL,
CARL A. KOELSCH .

FIN AN CIAL
RESO U RCES

Bonds and mortgages...............................................
Stock and bond investments, viz.:
Par
v a lu e

Stocks and bonds
C it i e s in o t h e r S t a t e s ................
C it i e s in t h is S t a t e .......................
C o u n t ie s in t h i s S t a t e ............
T o w n s in t h is S t a t e ....................
V i l l a g e s in t h is S t a t e ................
S c h o o l d i s t r i c t s in t h i s S t a t e
R a i lr o a d m o r t g a g e b o n d s ____

$177,584
398,500
158,000
75,000
41,400
50,500
354,000

,903,750 00

O r ig in a l
cost
00
00
00
00
00
00
00

$1,254,984 00

$184,946
400,593
161,106
75,597
41,943
51,178
393,703

96
85
80
38
97
30
70

$1,309,070 96

E stim a te d
m a r k e t v a lu e
$183,379
368,235
159,860
76,050
43,392
50,550
373,390

64
00
00
00
00
00
00

$1,254,856 64

—
====== —
—
Other real estate, book value, $159,295.89; cost, $162,445.38;
actual cash value ................................................. ..............................
Cash on deposit in banks or trust companies....................................
Cash on hand ..................... ........................................................................
Total of collectible interest.....................................................................
Amount of all other assets, viz.: Rents accrued...........................

1,254,856 64
159,295
455,073
8,683
34,818
160

89
69
37
15
25

$4,816,637 99
L IA B IL IT IE S

Amount due depositors, viz.:
P r in c ip a l ............................................................................................................$4,490,284 72
D iv id e n d s c r e d ite d o r t o b e c r e d ite d f o r t h e s ix
m o n t h s e n d in g w ith D e c e m b e r 31, 1915.............................
70,375 41

------------------ $4 ,560 ,66 0 13
Surplus on market value.......................................................................
255,977 86
$4 ,816,637 99
~ " ■ ~ -~

Surplus on par value, $256,105.22.

CASH TRANSACTIONS DURING THE YEA R 1915
R E C E IP T S

Cash on hand and in banks or trust companies January 1,
1915, before transactions of the day...............................................
From depositors, not including dividends credited.........................
From interest on loans,
depositsand investments...................
From rents from banking house..........................................................
From rents from other real estate......................................................
From mortgages .......................................................................................,
From redemption of stocks and bonds...............................................
From real estate sold...............................................................................
From all other sources, viz.:
R e b a t e on fire i n s u r a n c e ........................................................................
I n s u r a n c e p r e m iu m s a d v a n c e d r e f u n d e d ...........................




$351,296
1,740,944
214,000
585
12,189
105,300
57,696
86,000

17
49
04
00
05
00
00
00

$34 96
446 45

------------------

4S1 41
$2 ,568,492 16

N e w Y ork C o u n t y

181

PAYM ENTS

To depositors, including dividends paid to them............................. $1 ,645 ,39 2 09
For loans on bonds and mortgages.....................................................
288,000 00
For stocks and bonds purchased, including premiums, commis­
sions, etc. (total par value, $3 7,00 0)............................................
44,257 77
For interest (other than dividend payments to depositors) .. .
135 66
For current expenses of the bank, viz.:
F o r s a la r i e s ..............................................................
F o r t a x e s : B a n k i n g h o u s e , $ 1,121.70; s u r p lu s , $1,994.45
F o r e x p e n s e s , e x c e p t t a x e s , o f b a n k in g h o u s e :
R e p a i r s .........................................................................................................
I n s u r a n c e ..................................................................................................
F o r r e n t o f b a n k in g r o o m s .....................................................................
F o r e x p e n se s o f o th e r r e a l e s ta te , v i z . :
R e p a i r s .........................................................................................................
I n s u r a n c e ..................................................................................................
T a x e s .............................................................................................................
O t h e r .............................................................................................................
F o r o t h e r e x p e n s e s , n o t i n c lu d in g e x p e n s e s o f o t h e r
r e a l e s t a t e n o r o t h e r e x p e n s e s o f b a n k in g h o u s e . . .

$18,418 32
3,116 15
201 19
130 63
2 ,310 00
2,719
196
3,'284
3,870

92
39
14
07

6,172 81

40,419 62
For real estate acquired by foreclosure or in settlement of
debts due the bank..............................................................................
Cash on hand and in banks or trust companies December 31,
1915, after transactions of the day...............................................

86,529 96
463,757 06
$2 ,568,492 16

STATISTICAL INFORMATION
Number of open accounts January 1, 1916......................................
16,413
Number of accounts opened or reopened during the year...........
4,576
Number of accounts closed during the year....................................
4,286
Amount deposited during the year, not including dividends
credited for that period....................................................................... $1 ,740 ,94 4 49
Amount withdrawn during the year...................................................
1,6 45,392 09
Amount of dividends credited and paid for the year, v iz.:
J u ly 1, 1915 .......................................................................................................
J a n u a r y 1, 1916 ..............................................................................................
C r e d it e d a t o t h e r p e r io d s .....................................................................

$68,619 15
70,375 41
6 28

-----------------Average amount of each account January 1, 1916....................
Number of accounts which exceeded $3,000, exclusive of div­
idends credited, at the last trial balance of depositors’
ledgers, except deposits arising from society accounts, or
judicial sales, or trust funds, or by order of a court of
record or of a surrogate............................................................ ..
Total amount of such accounts..............................................................
Rate per cent, of dividends to depositors during the six months
ending June 30, 1915............................................................................
Rate per cent, of dividends to depositors during the six months
ending December 31, 1915...................................................................
Total earnings of the bank for the year 1915, after allowing
for amortization of premiums and discounts.............................
Total expenses of the bank for the year 1915....................................
Dividends paid to depositors for the year 1915.............................
Net earnings for the year 1915 over expenses and dividends
paid to depositors ................................................................................




139,000 84
277 87

1
$3,423 39
3 V2
3%
$217,928 05
40,419 62
139,000 84
38,507 59

182

R eport on S avin g s B a n k s
72.

E X C E L S IO R S A V IN G S B A N K , N E W Y O R K C IT Y
[79 W e s t T w e n t y -t l n r d s t r e e t ; i n c o r p o r a t e d 1869]

W I L L I A M J . R O O M E , P r e s id e n t .
W I L L I A M H . B A R R O N , V i c e -P r e s .
J O H N B U R K E , V i c e -P r e s i d e n t .

JO H N C.
ARTHUR

G R I S W O L D . S e creta ry .
P L A G E , A s s t. Secy.

TRUSTEES
J O H N C.
HENRY D
W IL L IA M
W IL L IA M

G U L IC K ,
A Z IA N ,
H. BARRO N .
J. R O O M E ,

JOH N B U R K E ,
R O B E R T J. H O R N E R ,
W IL L IA M C R A W F O R D ,
E P H R A IM M . Y O U M A N S.
H EN RY D. BREW STER.

B E N J . A . H E G E M A N , J r .,
C L A R E N C E P R IC E .
M IC H A E L C O L E M A N ,
S. S. D e L A N O ,

FIN AN CIAL
R ESO U RCES

Bonds and mortgages................................................................................ $9, 110, 225 00
Stock and bond investments, v iz.:
S to c k s and bonds

Par
v a lu e

O r ig in a l
cost

S t a t e o f N o r t h D a k o t a ..............
State o f N e w M e x ic o ..............
S t a t e o f L o u i s i a n a .........................
S t a t e o f O k l a h o m a .........................
S t a t e o f C a l i f o r n i a .......................
C it i e s in o t h e r S t a t e s ............
C it i e s in t h is S t a t e .....................
C o u n t ie s in t h is S t a t e ..............
T o w n s in t h is S t a t e ..................
V i l l a g e s in t h is S t a t e ................
S c h o o l d i s t r i c t s in t h i s S t a t e
R a i lr o a d m o r t g a g e b o n d s . . . .

$10,000 00
168,000 00
250,000 00
250,000 00
300,000 00
1 ,5 6 0 ,0 0 0 00
312,500 00
68,500 00
184,000 00
337,707 66
311,500 00
1 ,8 1 5 ,4 0 0 00

$10,686
173,873
244,649
253,773
287,095
1,639,607
309,786
69,587
206,112
357,599
320,713
1,9 4 7 ,1 8 6

$5,567,607 66

E s tim a te d
m a rk e t v a lu e
00
38
80
55
64
98
37
95
18
55
94
46

$5,820,672 80

$9,900
176,400
263,900
252,500
283,100
1 ,6 1 0 ,2 6 0
307,585
68,190
196,535
346,795
316,210
1 ,6 9 4 ,6 7 2

00
00
00
00
00
00
00
00
00
50
00
00

$5,526,047 50

------------- -- - - — - ------ =
-=
Other real estate, book value, $211,463.68; cost, $210,564.97;
actual cash value..................................................................................
Cash on deposit in banks or trust companies.................................
Cash on hand................................................................................................
Total of collectible interest.....................................................................

5,5 2 6 ,0 4 7 50
210,564
940,525
39,433
222, 089

97
79
97
50

$16,048,886 73
L IA B IL IT IE S

Amount due depositors, viz.:
P r i n c i p a l ............................................................................................................. $15,010,977 67
D iv id e n d s c r e d ite d o r t o b e c r e d ite d f o r t h e s ix
m o n t h s e n d in g w it h D e c e m b e r 31, 1915................................
281,274 70

------------------ $15,292,252 37
Surplus on market value..........................................................................
756,634 36
$16,048,886 73
Surplus on par value, $798,194.52.
CASH TRANSACTIONS DURING THE YEA R 1915
R E C E IP T S

Cash on hand and in banks or trust companies January 1,
1915, before transactions of the day...............................................
From depositors, not including dividends credited......................
From interest on loans, deposits and investments.........................
From rents from other real estate...................................................
From mortgages .........................................................................................
From redemption of stocks and bonds...............................................
From all other sources, viz.:
S m a l l s a f e ..................................................................................................................
I n s u r a n c e a c c o u n t .............................................................................................
S a le o f o ld s t e e l c a s e ..............................................................................
P r e m iu m s r e t u r n e d o n c a n c e lle d i n s u r a n c e .......................
E x c h a n g e .....................................................................................................................




$9149
65047
10 00
41 19
516 46

$824, 772
4 ,5 47,4 28
725,149
14,262
405, 100
287,400

95
41
33
66
00
00

N

ew

Y

ork

183

County

B a c k r e n t s t u r n e d in b y r e c e iv e r .............................................
R e a l e s t a t e a c c o u n t .................................................................................
E x p e n s e a c c o u n t ..........................................................................................
F i r e in s u r a n c e lo s s e s ..............................................................................
P r o f it a n d l o s s a c c o u n t ..........................................................................

$2,985
333
40
1,800
10

36
15
00
00
00

$6,478 12
$6 ,810,591 47
PAYM ENTS

To depositors, including dividends paid to them............................. $4, 214, 396 60
For loans on bonds and mortgages......................................................
992,000 00
For stocks and bonds purchased, including premiums, com­
missions, etc. (total par value, $384,000)..................................
398,138 12
For interest (other than dividend payments to depositors)..
6,4 40 76
For current expenses of the bank, viz.:
F o r s a la r i e s .....................................................................................................
F o r t a x e s : S u r p lu s ...................................................................................
F o r exp en se, excep t
ta x e s, o f
b a n k in g
h ou se:
R e p a ir s ............................................................................................................
F o r r e n t o f b a n k in g r o o m s .................................................................
F o r exp enses o f o th e r re a l e sta te , v i z . :
R e p a ir s ........................................................................................................
I n s u r a n c e ..................................................................................................
T a x e s .............................................................................................................
O th e r .............................................................................................................
F o r o t h e r e x p e n s e s , n o t i n c lu d in g e x p e n s e s o f o t h e r
re a l e s ta te n o r o th e r e x p e n se s o f b a n k in g h o u s e ..

$39,555 18
4 ,980 92
76 36
9 ,250 00
6,570
1 ,648
3 ,2 4 0
2,825

60
80
09
90

8,218 01

76,365 86
For real estate acquired by foreclosure, or in settlement of
debts due the bank ..............................................................................
Other payments, viz.:
P r o fit a n d l o s s , a c c o u n t t e l le r ’ s c a s h ......................................
F i r e in s u r a n c e lo s s e s a p p lie d o n f o r e c lo s e d m o r t g a g e
I n s u r a n c e a c c o u n t .....................................................................................

141, 034 50

$25 90
1 ,8 0 0 00
429 97

2,2 55 87
Cash on hand and in banks or trust companies December 31,
1915, after transactions of the day...............................................

979,959 76
$6,810,591 47

STATISTICAL INFORMATION
Number of open accounts January 1, 1916....................................
28, 196
Number of accounts opened or reopened during the year.........
5, 280
Number of accounts closed during the year....................................
4, 385
Amount deposited during the year, not including dividends
credited for that period ..................................................................... $4,547,428 41
Amount withdrawn during the year............................................... 4 ,2 1 4 ,3 9 6 60
Amount of dividends credited and paid for the year, v iz.:
J u ly 1, 1915 .......................................................................................................
J a n u a r y 1, 1916..............................................................................................

$274,857 92
281,274 70

Average amount of each account January 1, 1916.........................
Rate per cent, of dividends to depositors during the six months
ending June 30, 1915 .........................................................................
Rate per cent, of dividends to depositors during the six months
ending December 31, 1915 .................................................................
Total earnings of the bank for the year 1915, after allowing
for amortization of premiums and discounts.............................
Total expenses of the bank for the year 1915..................................
Dividends paid to depositors for the year 1915.............................
Net earnings for the year 1915 over expenses and dividends
paid to depositors ................................................................................




556,132 62
542 34
4
4
$734,306 70
76,365 S6
556,132 62
101,808 22

184

R eport on S avin g s B a n k s
73.

F R A N K L IN S A V IN G S B A N K , N E W

Y O R K C IT Y

[656—658 E i g h t h a v e n u e ; in c o r p o r a t e d 1860]
W IL L IA M
JO H N
D.
W IL L IA M

G . C O N K L I N , P r e s id e n t .
J. E D G A R L E A Y C R A F T . T reasu rer
R O B I N S O N , V i c e -P r e s i d e n t .
II. W . N O R D E L L , S e creta ry .
H . V A N K L E E C K , V i c e - P r e s i d e n t . W A L T E R F . D E X T E R , C o m p t r o lle r .

TRUSTEES
J O H N D . R O B IN S O N ,
W M . H. VAN K LEECK,
BER NARD KARSCH,
JA M E S G. CAN N O N ,
J. E D G A R L E A Y C R A F T ,
W IL L IA M G. C O N K L IN ,

W I L S O N M . P O W E L L , J r .,
H O W A R D C. S M IT H ,
CHARLES A. W ALKER ,
W IL L IA M H . P O R T E R ,
STUART DUNCAN,

GARDNER W ETH ER BEE,
W M . C. M U S C H E N H E I M ,
T. F R A N K M A N V IL L E ,
JO H N I. D O W N E Y ,
S IM E O N F O R D ,
W A L L A C E R E ID .

FIN AN CIAL
R ESO U RCES

Bonds and mortgages...............................................
Stock and bond investments, viz.:
Par
v a lu e

S tocks and bonds
S ta te o f
S ta te o f
S ta te o f
S ta te o f
S ta te o f
S ta te o f
S ta te o f
C it i e s in
C it i e s in
C o u n t ie s
R a ilr o a d

N e w Y o r k ..................
C a li f o r n ia ....................
D e la w a r e .......................
I d a h o ................................
M a s s a c h u s e t t s .........
O k la h o m a .....................
W a s h i n g t o n ................
o t h e r S t a t e s ................
t h i s S t a t e .......................
in t h i s S t a t e ............
m o r t g a g e b o n d s ____

$625,000
150,000
78,000
130,000
550,000
50,000
25,000
3 ,1 6 9 ,6 0 0
2,8 2 6 ,1 1 8
1 ,0 9 6 ,0 0 0
1 ,5 5 5 ,0 0 0

$13,241,000 00

O r ig in a l
cost
00
00
00
00
00
00
00
00
42
00
00

$10,254,718 42

$648,005
142,605
80,340
133,477
596,145
51,003
24,562
3 ,2 9 7 ,9 4 0
2,934,287
1,1 2 1 ,8 1 4
1,6 5 1 ,6 0 5

E s tim a te d
m a r k e t v a lu e
00
00
00
50
35
06
50
56
41
27
69

$10,681,786 34

$644,750
142.500
76,440
130,100
515.500
50,500
24,750
3,1 7 4 ,8 0 4
2,8 2 7 ,2 0 7
1 ,0 8 6 ,2 7 0
1 ,4 4 2 ,8 7 0

00
00
00
00
00
00
00
00
42
00
00

$10,115,691 42

—
—
- - - - ■
$10,115,691
Banking house and lot, book value, $200,000; cost, $441,692.66;
actual cash value.....................................................................................
200,000
Other real estate, book value, $100,369.98; cost, $100,369.98;
actual cash value..................................................................................
100,369
1,7 3 5 ,5 2 3
Cash on deposit in banks or trust companies.................................
72,038
Cash on hand .............................................................................................
Total of collectible interest.....................................................................
391,898
Amount of all other assets, viz.: Rents accrued.........................
477
$25,856,999

42
00
98
84
32
39
66
61

L IA B IL IT IE S

Amount due depositors, viz.:
P r in c ip a l ............................................................................................................. $23,510,118 28
D iv id e n d s c r e d ite d o r t o b e c r e d ite d f o r t h e s ix
m o n t h s e n d in g w ith D e c e m b e r 31, 1915..............................
381,945 12

------------------$23,892,063
Surplus on market value.......................................................................
1,9 64,936
$25,856,999
Surplus on par value, $2,103,963.21.

40
21
61
■■ ■

CASH TRANSACTIONS DURING THE YEA R 1915
R E C E IP T S

Cash on hand and in banks or trust companies January 1,
1915, before transactions of the day............................................... $1 ,421,839 01
6,3 05,6 95 44
From depositors, not including dividends credited........................
From interest on loans, deposits and investments........................
1,113,761 39
From rents from other real estate........................................................
5,545 81
From mortgages .........................................................................................
161,600 00
From redemption of stocks and bonds...............................................
390,779 42
From stocks and bonds sold (total par value, $50,00 0)................
49,750 00
From loans paid.........................................................................................
50,000 00
From real estate sold................................................................................
24,522 86
From all other sources, viz.: On account of purchase price on
sale of other real estate.....................................................................
500 00
$9 ,523 ,99 3 93




N e w Y ork C o u n ty

185

PAYM EN TS

To depositors, including dividends paid to them........................... $6,517,551 46
For loans on bonds and mortgages........................................................
566,500 00
For loans on stocks and bonds and other securities....................
50,000 00
For stocks and bonds purchased, including premiums, com­
missions, etc. (total par value, $457,138.72).............................
468,998 75
For interest (other than dividend payments to depositors) . . .
5,009 62
For current expenses of the bank, viz.:
F o r s a la r ie s .....................................................................................................
For
ta x e s:
B a n k in g
ho u se,
$7,107.85 ;
s u r p lu s ,
$7,822.59 ; o n m o r t g a g e s , $234........................................................
F o r ex p en ses, excep t
ta x e s, o f
b a n k in g h o u s e :
R e p a ir s .............................................................................................................
F o r e x p e n s e s o f o t h e r r e a l e s t a t e , v iz . :
R e p a ir s ........................................................................................................
I n s u r a n c e ..................................................................................................
T a x e s .............................................................................................................
F o r o t h e r e x p e n s e s , n o t i n c lu d in g e x p e n s e s o f o t h e r
r e a l e s t a t e n o r o t h e r e x p e n s e s o f b a n k in g h o u s e . . .

$51,785 00
15,164 44
469 58
4,625 11
117 73
1 ,668 71
10,807 16

84,637 73
For real estate acquired by foreclosure, or in settlement of
debts due the bank................................................................................
Other payments, viz.:
P a y m e n t o n a c c o u n t o f p u r c h a s e p r ic e o n o t h e r r e a l
e s t a t e r e f u n d e d .......................................................................................
F o r g e r y c la im ................................................................................................

22,583 94

$1,000 00
150 27

1,150 27
Cash on hand and in banks or trust companies December 31,
1915, after transactions of the day.................................................

1,807,5 62 16
$9 ,523 ,99 3 93

STATISTICAL INFORMATION
Number of open accounts January 1, 1916......................................
54,501
Number of accounts opened or reopened during the year...........
9,315
Number of accounts closed during the year......................................
8,504
Amount deposited during the year, not including dividends
credited for that period....................................................................... $6 ,305,695 44
Amount withdrawn during the year...................................................
6,517,551 46
Amount of dividends credited and paid for the year, viz.:
J u ly 1, 1915 .......................................................................................................
J a n u a r y 1, 1916 ............................................................................................
C r e d it e d a t o t h e r p e r io d s ......................................................................

$379,156 34
381,945 12
8 97

P a id

$761,110 43
29 37

but

not

c r e d ite d 1
............................................................................

-----------------761,081 06
Average amount of each account January 1, 1916.........................
438 38
Number of accounts which exceeded $3,000, exclusive of interest
credited, at the last trial balance of depositors’ ledgers,
except deposits arising from society accounts, or judicial
sales, or trust funds, or by order of a court of record or
of a surrogate.........................................................................................
1
Total amount of such accounts............................................................
$3,001 00
Rate per cent, of dividends to depositors during the six months
ending June 30, 1915............................................................................
3 Y2
Rate per cent, of dividends to depositors during the six months
ending December 31, 1915...................................................................
3y2
Total earnings of the bank for the year 1915, after allowing
for amortization of premiums and discounts............................... $ 1 ,093 ,99 0 29
Total expenses of the bank for the year 1915..................................
84,637 73
Interest paid to depositors for the year 1915.................................
761,081 06
Net earnings for the year 1915 over expenses and interest paid
to depositors ...........................................................................................
248,271 50




R eport on S avin gs B a n k s

186
74.

G E R M A N S A V IN G S B A N K IN T H E C IT Y OF N E W Y O R K
[157 F o u r t h

avenue;

C A R L G O P E L , V i c e -P r e s i d e n t .
E D W . C . S C H A E F E R , V i c e -P r e s i d e n t .
A D O L F K O P P E L , T reasu rer.

in c o r p o r a t e d 1859]
C H A S . W . M U H L H A U S E N , C o m p t r o lle r .
A D O L P H R E P P E R T , C a s h ie r .
T H E O . S C H O R S K E , S e cre ta ry .

TRUSTEES
G U STAV SCH W AB,
D ALLAS B. PRATT,
JAM ES SPEYER,
E D W . C. S C H A E F E R ,
R. S IE D E N B U R G ,
F R IT Z A C H E L IS ,
D. SCH NAKENBERG ,
ALBER T TAG.

AUGUST ZINSSER. J r .,
i?A . PAGENSTECHER,
H W ILLIA M SCHALL, Ju.,
f F. T. FLEITM ANN,
b RUDOLPH K E P PL E R ,
'f JOSEPH F. STILLM AN,
ERNST PFARRIU S,
S RUDOLPF ERBSLOH.
i*

L O U IS W A T J E N ,
T H O M A S F. V IE T O R ,
G E O R G E S. R U N K ,
GEORGE LE ASE,
CARL GOEPEL,
O. F. Z O L L IK O F F E R ,
ADOLF KUTTROFF,
H U B E R T C IL L IS ,

FIN AN CIAL
RESOURCES

Bonds and mortgages............................................
Stock and bond investments, viz.:
Par
v a lu e

S tocks and bonds

S t a t e o f N e w Y o r k ..................... $ 1 ,622,000 00
S t a t e o f M a s s a c h u s e t t s ........ 2 ,1 5 0 ,0 0 0 00
S t a t e o f S o u t h C a r o l i n a ........
500,000 00
500,000 00
S t a t e o f A l a b a m a ......................
S t a t e o f M a r y l a n d ....................
300,000 00
1 ,0 0 0 ,0 0 0 00
S t a t e o f C a li f o r n ia ..................
S t a t e o f O k la h o m a ...................
300,000 00
C it ie s in o t h e r S t a t e s ...............
8 ,1 1 3 ,7 5 0 00
C it ie s in t h i s S t a t e ...................... 5 ,4 9 4 ,0 0 0 00
R a ilr o a d m o r t g a g e b o n d s ____ 21,378,000 00
$41,357,750 00

$51,527,268 00

O r ig in a l
cost
$1,712,909
2 ,320,409
507,500
546,200
286,610
935,000
305,174
8,4 8 7 ,2 1 5
5,5 9 9 ,3 9 4
22,187,994

E s tim a te d
m a rk e t v a lu e
38
50
00
00
00
00
90
19
02
80

$42,888,407 79

$1 ,6 9 8 ,9 4 0
1 ,9 8 3 ,5 0 0
505.000
500.000
287.000
940.000
303.000
8 ,0 3 6 ,6 3 7
5 ,3 3 7 ,7 2 0
1 9 ,409,970

00
00
00
00
00
00
00
50
00
00

$39,001,767 50

— = —
'
: ■■ ■ — - : 39,001,767 50
Banking house and lot, book value, $898,842.30; cost, $1,408,331.08; actual cash value...................................................................
898,842 30
Other real estate, book value, $315,580.15; cost, $315,580.15;
actual cash value ................................................................................
315,580 15
Cash on deposit in banks or trust companies.................................. 6,8 00,9 95 05
Cash on hand ..............................................................................................
1,631,3 23 81
Total of collectible interest...................................................................
1,147,437 31
Amount of all other assets, viz.: New York State barge canal
judgm ents.................................................................................................
45,497 79
$101,368,711 91
L IA B IL IT IE S

Amount due depositors, viz.:
P r in c i p a l ............................................................................................................ $91,720,428 78
D iv id e n d s c r e d ite d o r t o b e c r e d ite d f o r t h e s ix
m o n t h s e n d in g w it h D e c e m b e r 31, 1915.............................
1 ,7 3 7 ,2 0 6 41

------------------ $93,457,635 19
Surplus on market value .....................................................................
7,911,0 76 72
$101,368,711 91
Surplus on par value, $10,267,059.22.
CASH TRANSACTIONS DURING THE YEA R 1915
R E C E IP T S

Cash on hand and in banks or trust companies January 1,
1915, before transactions of the day............................................ $6 ,280,884
From depositors, not including dividends credited........................ 20 ,551 ,41 2
From interest on loans, deposits andinvestments........................... 4 ,3 31,5 55
From rents from banking house..........................................................
35,491
From rents from other real estate.....................................
30,084




44
70
89
46
55

N e w Y oke C o u n t y
From
From
From
From

187

mortgages ............................................................................
stocks and bonds sold (total par value, $500,000)
real estate sold.....................................................................
all other sources, viz.:

E x c e s s r e c e ip t s in f o r e c lo s u r e p r o c e e d in g s .......................
D e fic ie n c y j u d g m e n t .................................................................................
S e t t le m e n t o f d e fic ie n c y c la im o n la n d c o n t r a c t .........

$1 ,441 ,49 2 00
508,000 00
53,500 00

$2,269 69
162 26
200 00

2,631 95
$33,235,052 99
PAYM EN TS

To depositors, including dividends paid to them...........................$22,320,061
For loans on bonds and mortgages.....................................................
1,182,042
For stocks and bonds purchased, including premiums, com­
missions, etc. (total par value, $700,000).................................
707,000
For interest (other than dividend payments to depositors)..
8,325
For current expenses of the bank, viz.:
F o r s a la r i e s .....................................................................................................
For
ta x e s:
B a n k in g
ho u se,
$14,233.72 ;
s u r p lu s ,
$66,758.57 ..........................................................................................................
F o r e x p e n s e s , e x c e p t t a x e s , o f b a n k in g h o u s e :
R e p a ir s ..........................................................
I n s u r a n c e ..................................................................................................
O t h e r ............................................................................................................
F o r e x p e n se s o f o th e r r e a l e s ta te , v i z . :
R e p a ir s ........................................................................................................
I n s u r a n c e ..................................................................................................
T a x e s .............................................................................................................
O t h e r ............................................................................................................
F o r o t h e r e x p e n s e s , n o t i n c lu d in g e x p e n s e s o f o t h e r
r e a l e s t a t e n o r o t h e r e x p e n s e s o f b a n k in g h o u s e . .

51
00
00
52

$119,357 72
80,992 29
1 ,176 14
642 55
10,821 67
21,199
1,355
18,952
10,889

99
74
35
87

28,918 99

294,307 31
For real estate acquired by foreclosure, or in settlement of
debts due the bank ..............................................................................
Other payments, viz.:
C o m m is s io n o n s a le o f r e a l e s t a t e .............................................
N e w Y o r k S t a t e b a r g e c a n a l j u d g m e n t s p u r c h a s e d ..

238,000 00

$1,500 00
45,497 79

46,997 79
Cash on hand and in banks or trust companies December 31,
1915, after transactions of the day.................................................

8,432,3 18 86
$33,235,052 99

STATISTICAL INFORMATION"
153,010
Number of open accounts January 1, 1916............. ........................
20,944
Number of accounts opened or reopened during the y e a r ....
22,162
Number of accounts closed during the year....................................
Amount deposited during the year, not including dividends
$20,551,412 70
credited for that period.......................................................... ..
Amount withdrawn during the year................................................. 22,326 ,06 1 51
Amount of dividends credited and paid for the year, viz.:
J u ly 1, 1915 .................................................................................................... $1,727,041 74
J a n u a r y 1, 1916 ............................................................................................ 1 ,737,206 41

3.464.2 48 15
610 78
Average amount of each account
January 1, 1916..............
Rate per cent, of dividends to depositors during the six
4
months ending June 30, 1915............................................................
Rate per cent, of dividends to depositors during the six
4
months ending December 31, 1915.................................................
Total earnings of the bank for the year 1915, after allowing
for amortization of premiums and discounts............................. $4,359,593 88
Total expenses of the bank for the year 1915...............................
294,307 31
Dividends paid to depositors for the year 1915.............................
3.4 64.2 48 15
Net earnings for the year 1915 over expenses and dividends
paid to depositors.................................................................. .............
601,038 42




R eport on S avin g s B a n k s

188
75.

THE

G R E E N W IC H

S A V IN G S B A N K , N E W

[246—248 S i x t h

avenue;

J A M E S Q U I N L A N , P r e s id e n t .
D A V I D M . M O R R I S O N , V i c e -P r e s i d e n t .
C H A R L E S M . D U T C H E R , T reasu rer.
C H A R L E S L. S E IB E R T . A s s t. T reas.

Y O R K C IT Y

in c o r p o r a t e d 1833]
F . E U G E N E C O B B , A ssis ta n t T reasu rer.
B O S T O N P E L L , C o m p t r o lle r .
L . D. Q U A C K E N B U S H , A s s t . C o m p t r o lle r .

TRUSTEES
L O W E L L L IN C O L N ,
E D W A R D N. T A IL E R ,
D A V ID M . M O R R IS O N ,
J A M E S Q U IN L A N ,
W M . R. ST E W A R T ,
B. A Y M A R SA N D S,
L. K . W IL M E R D IN G ,
C H A S . D . D IC K E Y ,
T H E O . F . W H IT M A R S II,

B R A D IS II JO H N SO N ,
C A R L S C IIE F E R ,
C H A S. F. H O F F M A N ,
FR AN K H. DODD,
J O H N II. R H O A D E S ,
A R T H U R I S E L IN ,
F R A N C I S M . B A C O N , J u .,
WM. WOODW ARD,
GEORGE BLAGDEN,
H E N R Y C. S W O R D S .

ALLEN W ARDW ELL,
E D W IN S. M A R S T O N ,
E D W IN G. M E R R IL L ,
W . DE L. K O U N TZE ,
A L B E R T H . W IG G IN ,
G A T E S W . M cG A R R A II,
A R C H IB A L D D. R U S S E L L ,
B . O G D E N C H IS O L M .
TH O M A S W . SLOCUM ,

FIN AN CIAL
R ESO U RCES

Bonds and mortgages..............................................................................$35,890,150 00
Stock and bond investments, viz.:
Par
S to c k s and bonds
v a lu e
S t a t e o f N e w Y o r k ......................
$550,000
S t a t e o f M a s s a c h u s e t t s ........ 2,2 0 0 ,0 0 0
S t a t e o f R h o d e I s l a n d .............
295,000
S t a t e o f M is s o u r i ......................
50,000
500,000
State o f T e n n e s s e e ..................
S t a t e o f C a li f o r n ia ..................
300,000
C it ie s in o t h e r S t a t e s ................ 6 ,6 1 1 ,9 0 0
C it ie s in t h i s S t a t e ...................... 4,5 9 7 ,8 5 4
R a ilr o a d m o r t g a g e b o n d s ____ 19,789,000

00
00
00
00
00
00
00
27
00

$34,893,754 27

O r ig in a l
cost
$600,053 14
2,374,049 51
326,286 16
48,274 69
515,021 70
292,019 13
7,1 2 7 ,6 3 1 17
4 ,776,287 35
22,008,935 99
$38,068,558 84

E s tim a te d
m a r k e t v a lu e
$616,000 00
2 ,0 4 2 ,7 0 0 00
277,300 00
49,000 00
514,500 00
291,140 00
6 ,4 9 1 ,8 9 0 00
4 ,505,257 84
19,579,905 00
$34,367,692 84

34,367,692 84
Banking house and lot, book value, $250,000; cost, $611,686.52; actual cash value...................................................................
Other real estate, book value, $787,843.37; cost, $924,186.23;
actual cash value..................................................................................
Cash on deposit in banks or trust companies.............................
Cash on hand ..............................................................................................
Total of collectible in te r e s t............................................. .................
Amount of all other assets, viz.: Rents due and accrued.........

300.000 00
751.000
4,5 8 1 ,0 9 7
688,025
1,091,438
317
$77,669,721

00
22
87
12
00
05

L IA B IL IT IE S

Amount due depositors, viz.:
P r in c i p a l ............................................................................................................. $69,953,149 55
D iv id e n d s c r e d ite d o r t o b e c r e d ite d f o r t h e s i x
m o n t h s e n d in g w it h D e c e m b e r 31, 1915.............................
1,2 8 4 ,1 1 4 52

$71,237,264 07
Other liabilities, viz.:
Mortgagor’s account ......................

951 58

E x p e n s e s in c u r r e d , b u t u n p a id :
I c e , cab h ir e , f u e l a n d a s h e s
S t a t io n e r y ..............................................
B u r g l a r a l a r m ..................................
M a p s ...........................................................
S u p p lie s ...................................................
E x p en se o f o th e r rea l e s ta te .

$45
623
47
62
471
230

42
06
50
50
75
09

..

Surplus on market value.............

1,480 32
6,,430,025 08
,
$77: 669,721 05

Surplus on par value, $6,956,086.51.
CASH TRANSACTIONS DURING THE YEAR 1915
R E C E IP T S

Cash on hand and in banks or trust companies January 1,
1915, before transactions of the day............................................... $4 ,567,034
From depositors not including dividends credited........................... 11,124,339
From interest on loans, deposits and investments.........................
3,304,1 66
From rents from other real estate........................................................
54,416
From m ortgages.......................................................................................... 2 ,5 5 4 ,6 5 0
From redemption of stocks and bonds...............................................
847,450




68
62
10
38
00
00

N ew Y ork C ounty

189

From stocks and bonds sold (total par value, $100,000)
From real estate sold ............................................................ ..
From all other sources, viz.:
A ccount o f second m ortgagee........................................
A utom obile sold ...................................................................
Prepayments, insurance, foreclosure and accoun t of
m ortgagors .........................................................................
Rentals fo r m ortgagors’ accoun t.....................................
From receiver in foreclosure.............................................
Excess interest ......................................................................

$95,375 00
64,000 00

$6,317 50
1,000 00
12,924
22,412
7,522
193

04
65
09
30

50,369 58
$22,661,801 36
PAYM EN TS

To depositors, including dividends paid to them...........................$12,387,063
For loans on bonds and mortgages...................................................
241,100
For stocks and bonds purchased, including premiums, com­
missions, etc. (total par value, $3,519,000)...............................
3,5 43,2 70
For interest (other than dividend payments to depositors) . . . .
32,324
For current expenses of the bank, v iz.:
F or salaries ...........................................................................
F or t a x e s : Banking house, $8,027.04 ; surplus,
$49,459.21 ................................................................................
For expenses, except taxes, o f banking h o u se :
Repairs ..............................................................................
O t h e r ..................................................................................
For expenses o f other real estate, viz. :
Repairs ..............................................................................
Insurance .........................................................................
Taxes .........................................................
Other ..................................................................................
For other expenses, not including expenses o f other
real estate nor other expenses o f banking h o u se ...

06
00
19
58

$110,370 84
57,486 25
790 02
1,217 49
5,930
2,383
18,454
10,801

84
37
52
14

31,534 08

238,968 55
For real estate acquired by foreclosure, or in settlement of
debts due the bank ............................................................................
Other payments, viz.:
Amount paid to second m ortgagee..................................
Taxes advanced and interest and rentals disbursed..
Foreclosure expense ............................................................
Forged d raft made good to d epositor...........................
Excess interest returned ..................................................
A lterations and improvements, other real estate----

$6,317
28,290
7,455
125
193
24,144

883,424 54

50
93
72
00
30
90

66,527 35
Cash on hand and in banks or trust companies December 31,
1915, after transactions of the day...............................................

5,269,1 23 09
$22,661,801 36

STATISTICAL INFORMATION
Number of open accounts January 1, 1916......................................
102,344
Number of accounts opened or reopened during the year.........
13,750
Number of accounts closed during the year....................................
12,803
Amount deposited during the year, not including dividends
credited for that period.......................................................................$11,124,339 62
Amount withdrawn during the year................................................... 12,387,063 06
Amount of dividends credited and paid for the year, viz.:
July 1, 1915 ........................................................................... $1,274,204 06
January 1, 1916 ..................................................................... 1,284,114 52

------------------ 2,558,3 18 58
696 00
Average amount of each account January 1, 1916......................
Rate per cent, of dividends to depositors during the six
months ending June 30, 1915..........................................................
3% & 4
Rate per cent, of dividends to depositors during the six
months ending December 31, 1915.................................................
3% & 4
Total earnings of the bank for the year 1915, after allowing
for amortization of premiums and discounts............................... $3,193,119 83
Total expenses of the bank for the year 1915............................*..
237,633 70
Dividends paid to depositors for the year 1915.............................
2,558,3 18 58
Net earnings for the year 1915 over expenses and dividends
paid to depositors ................................................................................
397,167 55




190

R eport on S avin g s B a n k s
76.

H A R L E M S A V IN G S B A N K , N E W Y O R K C IT Y

[124 E ast 125th street; incorporated 1863]
W ILLIA M E. TROTTER, President.
THOMAS R. EBE R T, Secretary.
GRAN VILLE F. D A ILE Y, V ice-Pres.
F R E D ’K M. G A LLAGH ER, Asst. Secy.
JOHN J. BELL, Vice-President.

TRUSTEES
W ILLIA M E. TRO TTE R ,
GRA N V ILLE F. DA ILE Y,
W IL L IA M SOM ERVILLE,
JOHN J. BELL,
FRAN K E. W ISE,

HENRY B. PYE,
M. J. ENNIS,
JOHN F. STEEVES,
W ALTE R P. SILLECK,

OLIN J. STEPHENS,
W ARREN A. LEONARD,
A L EX A N D E R W ALKER,
THOMAS R. EBE R T,
RANSOM E. W ILCOX.

FIN AN CIAL
RESOURCES

Bonds and mortgages................................................................................ $14,607,875 00
Stock and bond investments, viz.:
S to c k s and bon ds

State o f
State o f
State o f
State o f
Cities in
Cities in
Counties
Villages
Railroad

New Y ork ................
Massachusetts ......
California .............
Tennessee ..............
other States...........
this State................
in this S tate..........
in this S tate............
mortgage bonds . ..

P ar
value
$700,000 00
220,000 00
100,000 00
200,000 00
650,000 00
4,428,400 00
18,000 00
240,000 00
4,380,00000

Original
Estimated
cost
market value
$713,062 50
$720,00000
242,092 00
204,60000
95,250 00
94,00000
209,829 89
212,00000
681,432 66
633,50000
4,535,586 61
4,382,18300
18,122 40
17,820 00
259,997 60
236,740 00
4,550,735 84
3,980,625 00

$10,936,400 00 $11,306,109 50 $10,481,468 00

— = —
— -------------- - '
' 10,481,468 00
Banking house and lot, book value, $250,000; cost, $354,253.91; actual cash value..........................................................................
250,000 00
Other real estate, book value, $261,793.55; cost, $261,793.55;
actual cash value..................................................................................
261,793 55
Cash on deposit in banks or trust companies..................................
1,987,546 08
Cash on hand................................................................................................
173,327 94
Total of collectible interest.....................................................................
251,511 15
$28,013,521 72
L IA B IL IT IE S

Amount due depositors, viz.:
P rincipal ................................................................................. $25,518,587 11
Dividends credited or to be credited fo r the six
m onths ending with December 31, 1915........................
418,431 06

------------------ $25,937,018 17
Surplus on market value.........................................................................
2,0 7 6 ,5 0 3 55
$28,013,521 72
Surplus on par value, $2,531,435.55.
CASH TRANSACTIONS DURING THE YEA R 1915
RECEIPTS

Cash on hand and in banks or trust companies January 1,
1915, before transactions of the day............................................... $1,760,619 58
From depositors, not including dividends credited......................
6,2 99,681 84
From interest on loans, deposits and investments......................... 1,199,212 76
From rents from other real estate........................................................
15,502 79
From mortgages .........................................................................................
177,525 00
From redemption of stocks and bonds...............................................
445,090 00
From real estate sold................................................................................
4,400 00
From all other sources, viz.: Receiver.............................................
352 11




$9 ,902 ,38 4 08

IS e w Y ork C ounty
T

191

PAYM ENTS

To depositors, including dividends paid to them........................... $7 ,0 0 6 ,4 2 4 85
For loans on bonds and mortgages.....................................................
71,050 00
For stocks and bonds purchased, including premiums, com­
missions, etc. (total par value, 500,000)....................................
504,454 89
For interest (other than dividend payments to depositors) . . . .
5,520 83
For current expenses of the bank, viz.:
Salaries ....................................................................................
For t a x e s : Banking house, $4,350.56 ; surplus,
$16,734.08 ...............................................................................
For expenses, except taxes, o f banking h o u s e :
Repairs ..............................................................................
Insurance .........................................................................
For expenses o f other real estate, v i z .:
R e p a ir s ..............................................................................
Insurance ..........................................................................
Taxes .................................................................................
Other ................................................................................
For other expenses, not including expenses o f other
real estate nor other expenses o f banking h ou se...

$49,500 00
21,084 64
212 57
75 05
5,380
462
4,495
835

38
57
81
50

8,626 79

90,,673 31
For real estate acquired by foreclosure, or in settlement of
debts due the bank................................................................................
Cash on hand and in banks or trust companies December 31,
1915, after transactions of the day...............................................

63,,386 18
2,,160,,874 02
$9,,902,,384 08

STATISTICAL INFORMATION
Number of open accounts January 1, 1916......................................
57,!318
Number of accounts opened or reopened during the year...........
9,1553
Number of accounts closed during the year....................................
9 ,' 716
Amount deposited during the year, not including dividends
credited for that period....................................................................... $6.,299,,681 84
Amount withdrawn during the year...................................................
7.,006,,424 85
Amount of dividends credited and paid for the year, v iz.:
July 1, 1915 ...........................................................................
January 1, 1916 ......................................................................

$416,644 77
418,431 06

835,,075 83
Average amount of each account January 1, 1916.........................
448 60
Rate per cent, of dividends to depositors during the six months
3^
ending June 30, 1915............................................................................
Rate per cent, of dividends to depositors during the six months
ending December 31, 1915...................................................................
3 y3
Total earnings of the bank for the year 1915, after allowing
for amortization of premiums and discounts............................. $L ,208.,326 81
Total expenses of the bank for the year 1915..................................
90,,673 31
Dividends paid to depositors for the year 1915.............................
835,,075 83
Net earnings for the year 1915 over expenses and dividends
paid to depositors...................................................................................
282,,577 67




192

R eport on S avings B anes
77.

T H E IR V IN G S A V IN G S IN S T IT U T IO N ,

N E W Y O R K C IT Y

[115 Chambers stre e t; incorporated 1851]
HAM PDEN E. TEN ER, President.
GEORGE B. DUNNING, Secretary.
H EN RY KROGER, Vice-President.
J. B. ANDERSON, A ssistant Secretary.
JOHN O. W ILLIAM S, Vice-President.

TRUSTEES
JOHN W. NIX,
HENRY KROGER,
JOHN O. W ILLIAM S,
WM. C. DEMOREST,
JAM ES H. KILLOUGH,
D. BECKERMANN,

SAMUEL S. CONOVER,
GEORGE B. DUNNING,
HAMPDEN E. TENER,
SAMUEL B. DOWNES,
JOHN TIEBOUT,
EUGENE M. TR AV IS,
NATHAN F. VOUGHT.

WTLLIAM H. FRAM E.
JOHN J. WALTON,
W IL L A R D S. BROWN,
GEORGE N. ROBINSON,
WM. F. MORGAN,
W7M. P. MASON.

FINANCIAL
RESOURCES

Bonds and mortgages..............................................................................$11,194,800 00
Stock and bond investments, viz.:
S to c k s a n d

Par
value
$50,000 00

bonds

State o f California ..............
State o f Maryland ...............
State o f Oklahoma ...............
State o f Utah .........................
State o f Tennessee ...............
Cities in other States............
Cities in this S tate...............
Counties in this State..........
Towns in this State...............
Villages in this State............
Railroad m ortgage bonds___

100,000 00
50.000 00
50.000 00

100,000 00

1,836,500
1,893,150
416.000
36.000
110.000
3,750,000

00
00
00
00
00
00

$8,391, 650 00

Estimated
Original
market value
cost
$48,500 00
$48,246 45
99.000 00
98,340 00
50,772 30
50,500 00
49.000 00
49,221 85
104,000 00
103,491 40
1,848,700 00
1,942,661 85
1,811,228 50
1,946,966 05
406,060 00
422,317 50
34,720 00
37,247 40
105,390 00
115,636 40
3,510,440 00
3,973,107 79
$8,788,008 99

$8,067,538 50

8,067,5 38 50
Loans upon pledge of securities........................................................
Banking house and lot, book value, $100,000; cost, $115,000;
actual cash value ..................................................................................
Cash on deposit in banks or trust companies...............................
Cash on hand .............................................................................................
Total of collectible interest............................................................ ..

100,000 00
100,000 00
1,038,438 11
86,703 39
202,669 67
$20,790,149 67

L IA B IL IT IE S

Amount due depositors, viz.:
Principal ..................................................................................$19,268,188 26
Dividends credited or to be credited fo r the six
months ending with December 31, 1915......................
370,442 96

------------------ $19,638,631 22
Surplus on market value.......................................................................
1,151,518 45

Surplus on par value, $1,475,629.95.

$20,790,149 67
. . . ::

CASH TRANSACTIONS DURING THE YEA R 1915
R E CEIPTS

Cash on hand and in banks or trust companies January 1,
1915, before transactions of the day............................................. $1,254,968 05
3,627,022 06
From depositors, not including dividends credited....................
922,613 53
From interest on loans, deposits and investments......................
14,098 17
Ffom rents from other real estate......................................................
170,400 00
From m ortgages..........................................................................................
300,800 00
From redemption of stocks and bonds.............................................
From stocks and bonds sold (total par value, $ 2 1 4 ,5 0 0 ) ....
223,318 86
225.000 00
From loans paid .......................................................................................
263.000 00
From real estate sold ..............................................................................




$7,001,220 67

]S ew Y oke C ounty
T

193

PAYM EN TS

To depositors, including dividends paid to them........................... $3,745,04$ 64
For loans on bonds and mortgages...................................................
948,000 00
For loans on stocks and bonds and other securities..................
150,000 00
For stocks and bonds purchased, including premiums, com­
missions, etc. (total par value, $875,000).............................
899,427 05
For interest (other than dividend payments todepositors) . . .
7,230 70
For current expenses of the bank, viz.:
F or salaries ...........................................................................
F or t a x e s : Banking house, $1,573.50; surplus,
$8,763.08 ..................................................................................
F or expenses, except taxes, o f banking h o u s e :
Repairs ..............................................................................
Insurance ..........................................................................
Other ..................................................................................
F or expenses o f other real estate, v i z .:
R e p a ir s ..............................................................................
Insurance ..........................................................................
Taxes ..................................................................................
Other ..................................................................................
F or other expenses, not including expenses o f other
real estate nor other expenses o f banking h ou se...

$30,442 00
10,336 58
203 35
25 00
524 09
2,554
526
3,001
8,902

85
25
35
59

5,001 53

-----------------For real estate acquired by foreclosure, or in settlement of
debts due the bank..................................................................................
Cash on hand and in banks or trust companies December 31,
1915, after transactions of the day.................................................

61,517 59
64,854 19
1,125,141 50
$7 ,001 ,22 0 67

STATISTICAL INFORMATION
Number of accounts opened January 1, 1916.................................
23,503
Number of accounts opened or reopened during the year.........
2,530
Number of accounts closed during the year......................................
2,618
Amount deposited during the year, not including dividends
credited for that period..................................................................... $3 ,627,022 06
Amount withdrawn during the year.................................................
3,745,049 64
Amount of dividends credited and paid for the year, viz.:
J u ly 1, 1915 .......................................................................................................

$363,977 54

January 1, 1916 .......................................................................

370.442 96

Average amount of each accountJanuary 1, 1916......................
Rate per cent, of dividends to depositors during the six
months ending June 30, 1915..........................................................
Rate per cent, of dividends to depositors during the six
months ending December 31, 1915.................................................
Total earnings of the bank for the year 1915, after allowing
for amortization of premiums and discounts.............................
Total expenses of the bank for the year 1915.............................
Dividends paid to depositors for the year 1915.............................
Net earnings for the year 1915 over expenses and dividends
paid to depositors ..............................................................................

7




734.420 50
835 50
4
4
$925,767 60
61,517 59
734.420 50
129,829 51

19 4

R eport on S avings B anes
78.

I T A L I A N S A V I N G S B A N K OF T H E C I T Y O F N E W

YORK

[64-66 Spring street; incorporated 1896]
JOSEPH M. FRANCOLINI, President.
JAM ES J. SLEVIN, Treasurer.
PASQU ALE I. SIM ONELLI, Secretary.

TRUSTEES
DOMENICO A B BATE,
ANTONIO C. A S TA R IT A ,
NICHOLAS BAR R ETT,
VITO CONTESSA,
JOS. N. FRANCOLINI
JOSEPH GERLI,

ANTONIO PISAN I,
CELESTINO PIVA,
DOMENICO SALADINO,
P. I. SIM ONELLI,
BERNARD J. MCCANN,

GEORGE W. LOFT,
ANTONIO STELLA,
JOHN ELTON W AYLAND ,
ALEX A N D E R S. W EBB,
ANTONIO ZUCCA,
SILVIO V ILLA .

FIN AN CIAL
RESOURCES

Bonds and mortgages................................................................................ $2 ,929,855 00
Stock and bond investments, v iz.:
S to c k s

and

Par
value
$24,000 00
141.000 00
240,500 00

bonds

State o f New Y ork ...............
Cities in other States............
Cities in this S tate...............
Counties in this State..........
Villages in this State............
Railroad mortgage bonds___

10,000 00

25,000 00
996.000 00
$1,436,500 00

Original
Estimated
cost
market value
$24,596 00
$23,760 00
147,311 98
145,160 00
239,830 00
244,455 10
11,062 00
10,000 00
25,093 75
24,750 00
1,024,808 70
977,890 00
$1,477,327 53

$1,421,390 00

1,4 2 1 ,3 9 0 00
Other real estate, book value, $55,059.23; cost, $55,059.23;
actual cash value.....................................................................................
Cash on deposit in banks or trust companies.................................
Cash on hand......... ......................................................................................
Total of collectible interest.....................................................................

55,059
356,796
41,112
33,898

23
73
73
97

$4 ,838,112 66
L IA B IL IT IE S

Amount due depositors, viz.:
P rincipal................................................................................... $4,562,528 30
Dividends credited or to be credited fo r the six
months ending with December 31, 1915......................
69,201 15

------------------ $4 ,631 ,72 9 45
Surplus on market value.........................................................................
206,383 21
$4,838 ,11 2 66
Surplus on par value $221,493.21.
CASH TRANSACTIONS DURING THE Y E A R 1915
R E C E IP T S

Cash on hand and in banks or trust companies January 1,
1915, before transactions of the day...............................................
From depositors, not including dividends credited.........................
From interest on loans,depositsand investments...........................
From rents from other real estate.........................................................
From mortgages
.................................................................................
From redemption of stocks and bonds...............................................
From loans paid...........................................................................................
From real estate sold................................................................................




$427,852
2,1 85,3 02
216,202
1,344
116,500
52,000
129,000
23,355

50
52
22
85
00
00
O
O
61

$3 ,151,557 70

N ew Y ork C ounty

195

PAYM ENTS

To depositors, including dividends paid to them........................... $2 ,209 ,44 8 42
For. loans on bonds and mortgages.....................................................
168,280 00
For stocks and bonds purchased, including premiums, com­
missions, etc. (total par value, $304,000).................................
314,944 02
For interest (other than dividend payments to depositors) . . . .
2,761 13
For current expenses of the bank, viz.:
For
For
For
F or

salaries ...........................................................................
ta x es: Surplus..............................................................
rent o f banking room s...............................................
expenses o f other real estate, v i z .:
T a x e s .............................
Other ..................................................................................
F or other*expenses, not including expenses o f other
real estate nor other expenses o f banking house..

$16,978 30
1,285 88
4,999 92
571 24
554 23
11,510 04

35,899 61
For real estate acquired by foreclosure, or in settlement of
debts due the bank..............................................................................
Cash on hand and in hanks or trust companies December 31,
1915, after transactions of the day.................................................

22,315 06
397,909 46
$3, 151,557 70

STATISTICAL INFORMATION
16,900
Number of open accounts January 1, 1916......................................
4,508
Number of accounts opened or reopened during the year.........
Number of accounts closed during the year......................................
3,755
Amount deposited during the year, not including dividends
credited for that period....................................................................... $2, 185,302 52
Amount withdrawn during the year...................................................
2, 209,448 42
Amount of dividends credited and paid for the year, viz.:
July 1, 1915 ...............................................................................
January 1, 1916 ......................................................................

$68,324 71
69,201 15

Average amount of each account January 1, 1916.........................
Rate per cent, of dividends to depositors during the six months
ending June 30, 1915............................................................................
Rate per cent, of dividends to depositors during the six months
ending December 31, 1915...................................................................
Total earnings of the bank for the year 1915, after allowing
for amortization of premiums and discounts.............................
Total expenses of the bank for the year 1915.................................
Dividends paid to depositors for the year 1915.............................
Net earnings for the year 1915 over expenses and dividends
paid to depositors..................................................................................




137,525 86
275 00
3%
3y2
$216,025 30
35,899 61
137,525 86
42,599 83

R eport on S ayings B anks

196
79.

M A ID E N L A N E S A V IN G S B A N K , N E W

Y O R K C IT Y

[170 Broadway ; Incorporated 1903]
F. A. RINGLER, President.
JO E L S. D e SELDING, Vice-President.
W A L T E R G. KING, Vice-President.
J. HEYNEN, Secretary.

TRUSTEES
ISAAC W. COKEFAIR,
JOHN Q. ADAMS,
CHARLES R. JUNG,
L. BURTON HALL,
W ALTE R G. KING,
AUG. OPPENHEIM ER,

A N DREW PATTERSON,
F. A. RINGLER,
HUGO B. ROELKER,
JOEL S. D e SELDING,
ROBT. SCHALKENBACH,
M. M. SCHW ARZSCHILD,

LEOPOLD STERN,
C. EDW ARD BILLQ U IST,
CHAS. W. LUCAS,
JOHN P. W INDOLPH,
JACOB W ERNER,
HUGO R. R ITTERBU SCII.

FIN AN CIAL
RESOURCES

Bonds and mortgages............................................
Stock and bond investments, viz.:
S to c k s

and

P ar
value
$42,500 00
13,500 00
172,608 00
143,590 00
25,500 00
2,000 00
107,000 00

bonds

State o f O k la h om a ...............
State o f New M exico............
Cities in other States............
Cities in this State...............
Villages in this S tate............
School districts in this State
Railroad mortgage bonds___

$506,698 00

$899,032 84

Original
Estimated
cost
market value
$43,012 08
$43,403 12
13,458 60
13,730 42
176,061 85
177,410 33
143,672 16
138,976 81
25,471 75
26,213 25
2,016 40
2,050 00
102,203 75
92,143 25
$505,896 59

$493,927 18

493,927
90,025
5,428
20,591

Cash on deposit in banks or trust companies...............................
Cash on hand ...........................................................................................
Total of collectible interest...................................................................
Amount of all other assets, viz.: New York State barge canal
judgments . , .........................................................................................

18
87
06
33

5,513 38
$1 ,514,518 66

L IA B IL IT IE S

Amount due depositors, viz.:
P rincipal ................................................................................. $1,462,300 73
Dividends credited' or to be credited fo r the six
m onths ending with December 31, 1915........................
26,166 00

------------------ $1 ,488,466 73
Surplus on market value.......................................................................
26,051 93
$1,514,518 66
Surplus on par value, $38,822.75.
CASH TRANSACTIONS DURING THE YEA R 1915
R E CEIPTS

Cash on hand and in banks or trust companies January 1,
1915, before transactions of the day.............................................
$100,142 44
From depositors, not including dividends credited......................
656,836 49
From interest on loans, deposits andinvestments........................
65,215 27
F r o m re n ts from other real estate......................................................
88 70
From mortgages .........................................................................................
84,802 51
From redemption of stocks and bonds...............................................
27,077 00
From stocks and bonds sold
(totalparvalue,
$44,00 0).
45,338 48
From real estate sold .............................................«-............................
40,339 22




$1,019,840 11

N e w Y ork C ounty

197

PAYM ENTS

To depositors, including dividends paid to them...........................
For loans on bonds and mortgages...................................................
For stocks and bonds purchased, including premiums, com­
missions, etc. (total par value, $139,220.12)...........................
For interest (other than dividend payments to depositors) . . .
For current expenses of the bank, viz.:
For salaries ...........................................................................
F or taxes : Surplus, ................................................ : ..........
F or rent o f banking room s...............................................
F or expenses of other real estate, v i z .:
Repairs ..............................................................................
Taxes ..................................................................................
O t h e r ..................................................................................
For other expenses, not including expenses o f other
real estate nor other expenses o f banking h o u se...

$535,729 71
209,235 35
141,665 00
1,584 48

$4,370 50
68 39
2,000 00
39 90
24 00
151 50
1,617 65

8,271 94
For real estate acquired by foreclosure, or in settlement of
debts due the bank................................................................................
Other payments, viz.: Cost of foreclosure of mortgage.............
Cash on hand and in banks or trust companies December 31,
1915, after transactions of the day............................................

25,602 51
2,297 19
95,453 93
$ 1 ,019 ,84 0 11

STATISTICAL INFORMATION
Number of open accounts January 1, 1916......................................
Number of accounts opened or reopened during the year. . . .
Number of accounts closed during the year.................................
Amount deposited during the year, not including dividends
credited for that period.....................................................................
Amount withdrawn during the year.................................................
Amount of dividends credited and paid for the year, viz.:
July 1, 1915 .............................................................................
January 1, 1916 ......................................................................

$656,836 49
535,729 71

$24,625 18
26,166 00

Average amount of each account January 1, 1916......................
Rate per cent, of dividends to depositors during the six
months ending June 30, 1915............................................................
Rate per cent, of dividends to depositors during the six
months ending December 31, 1915.................................................
Total earnings of the bank for the year 1915, after allowing
for amortization of premiums and discounts.............................
Total expenses of the hank for the year 1915...............................
Dividends paid to depositors for the year 1915.............................
Net earnings for the year 1915 over expenses and dividends
paid to depositors ................................................................................




5,273
1,414
914

50.791 18
282 28
4
4
$68,153 76
10,019 47
50.791 18
7,343 11

198
80.

R eport on S avings B anks
THE M ANHATTAN

S A V IN G S IN S T IT U T IO N , N E W

Y O R K C IT Y

f 644—
646 B road w ay; incorporated 1850]
JOSEPH BIRD, President.
CONSTANT M. BIRD, Secretary.
FR AN K G. STILES, Vice-President.
A RTH U R STILES, Assistant Secretary.

TRUSTEES
BENJAM IN GRIFFEN,
EDW ARD V. Z. LANE,
RICHARD LATH ERS, J r .,
ROBERT A. M cK IM ,
JOSEPH BIRD,
FRAN K G. STILES,
EDW IN S. SCHENCK,

JOSEPH T. BROWN,
SAMUEL CAREY,
J. M cLEAN W ALTON,
W ALTE R C. STOKES,
JAMES E. W ARE,
CONSTANT M. BIRD,
P H IL IP J. ROSS,

FRANCIS B. GR IFFIN ,
H E R B E R T W. MORSE,
Z. TA YLO R EMERY,
FR ED ERIC W. FROST,
THOMAS E. LOVEJOY.
EDMOND L. KNOEDLER,
W ALTE R W. STOKES.

FIN AN CIAL
RESOURCES

Bonds and mortgages...............................................
Stock and bond investments, viz.:
Stocks and bonds
United States .........................
Cities in other States..........
Cities in this State...............
Counties in this State..........
Towns in this State...............
Villages in this State............
Railroad mortgage bonds___

Par
value
$75,000 00
530,000 00
1,953,000 00
73,000 00
125,000 00
15,000 00
1,556,000 00
$ 4 ,3 2 7 , 000

00

$ 6 ,521 ,40 0 00

Original
Estimated
cost
market value
$82,500 00
$95,625 00
566,132 65
510,000 00
1,754,770 00
2,113,292 30
73,992 80
70,810 00
117,050 00
125,000 00
15,000 00
14,899 50
1,758,550 00
1,468,280 00
$ 4 ,7 4 7 , 592 75

$ 4 , 018,309

50

------ ----------- = - = ™
— ■ ......
Banking house and lot, book value, $600,000; cost, $810,169.09;
actual cash value.....................................................................................
Other real estate, book value, $444,109.10; cost, $444,109.10;
actual cash value..................................................................................
Cash on deposit in banks or trust companies..................................
Cash on hand................................................................................................
Total of collectible interest.....................................................................
Amount of all other assets, viz.: Rents due..................................

4,0 18,3 09 50
600,000 00
444,109
775,566
53,181
103,617
1,429

10
97
84
04
55

$12,517,614 00
L IA B IL IT IE S

Amount due depositors, viz.:
P rincipal ..................................................................................$11,435,130 03
Dividends credited or to be credited fo r the six
months ending with December 31, 1915........................
189,486 87

------------------ $11,624,616 90
Other liabilities, viz.: Expenses incurred, but unpaid, tank
and riser, bank building......................................................................
1,500 00
Surplus on market value...........................................................................
891,497 10

Surplus on par value, $1,200,187.60.

$1 2,517,614 00
= —
....
=

CASH TRANSACTIONS DURING THE YEA R 1915
R E CEIPTS

Cash on hand and in banks or trust companies January 1,
1915, before transactions of the day...............................................
From depositors, not including dividends credited......................
From interest on loans, deposits and investments........................
From rents from banking house............................................................
From rents from other real estate.....................................................
From m ortgages.........................................................................................
From redemption of stocks and bonds...............................................
From all other sources, viz.: From Insurance Co.for fire loss.




$692,112
2 ,7 42,8 23
510,869
20,875
39,447
378,500
52,500
6,117

27
19
01
00
11
00
00
00

$4 ,443 ,24 3 58

199

N e w Y ork C ounty
PAYM ENTS

To depositors, including dividends paid to them........................... $3 ,472,089 39
For loans on bonds and mortgages.....................................................
12,000 00
For current expenses of the bank, viz.:
F or salaries ...........................................................................
F or ta x e s : Banking h o u s e : $6,841.30 ; surplus,
$7,592.81 ................................................................................
For expenses, except taxes, o f banking h ou se:
Repairs .............................................................................
Insurance ........................................................................
Other ................................................................................
For expenses o f other real estate, v i z .:
Repairs ..............................................................................
Insurance ........................................................................
Taxes ................................................................................
Other .................................................................................
F or other expenses, not including expenses o f other
real estate nor other expenses o f banking h o u se ...

$40,913 75
14,434 11
1,957 24
751 72
8,201 66
6,386
1,267
8,293
11,887

55
27
79
14

10,063 75

-----------------For real estate acquired by foreclosure, or in settlement of
debts due the bank................................................................................
Other payments, viz.: Restoring buildings destroyed by fire. .
Cash on hand and in banks or trust companies December 31,
1915, after transactions of the day.................................................

104,156 98
19,968 45
6,279 95
828,748 81
$4 ,443 ,24 3 58

STATISTICAL INFORMATION
Number of open accounts January 1, 1916......................................
21,333
Number of accounts opened or reopened during the year...........
3,144
Number of accounts closed during the year....................................
3,169
Amount deposited during the year, not including dividends
credited for that period....................................................................... $2 ,742 ,82 3 19
Amount withdrawn during the year...................................................
3,472,0 89 39
Amount of dividends credited and paid for the year, viz.:
July 1,1915 ...............................................................................
January 1, 1916 .....................................................................

$193,110 19
189,486 87

-----------------Average amount of each account January 1, 1916.........................
Rate per cent, of dividends to depositors during the six months
ending June 30, 1915............................................................................
Rate per cent, of dividends to depositors during the six months
ending December 31, 1915................................. .................................
Total earnings of the bank for the year 1915, after allowing
for amortization of premiums and discounts...............................
Total expenses of the bank for the year 1915.................................
Dividends paid to depositors for the year 1915.............................
Net earnings for the year 1915 over expenses and dividends
paid to depositors ...............................................................................




382,597 06
544 91
3 %

3M
s
$573,317 51
111,936 93
382,597 06
78,783 52

200

R eport on S avings B anks
81.

M E T R O P O L IT A N S A V IN G S B A N K , N E W

Y O R K C IT Y

[59-61 Cooper square (T hird avenue) ; incorporated 1852]
J. B. CURREY, President.
EDW ARD SHERER, Secretary.
AUGUSTUS HUTCHINS, Vice-Pres.
ROBERT D. ANDREW S, Asst. Secy.
W IL L IA M SHERER, Vice-President.

TRUSTEES
AUG. S. HUTCHINS,
W ILLIA M SHERER,
JONATHAN B. CURREY,
W ALDO HUTCHINS,
W IL L IA M E. HUTCHINS,

LEE W. GROVES,
W IL L IS S. PAINE,
AUGUSTUS K. SLOAN,
ROBERT D. ANDREW S,
AUGUSTUS II. SANDS,

EDW ARD H. SWAN,
CHAS. P. EMMONS,
EDW ARD SHERER,
De w i t t c . f a l l s ,
JOHN S. SPENCER.

FINANCIAL
RESOURCES

Bonds and mortgages ............................................................................ $7,917,308 00
Stock and bond investments, viz.:
S to c k s

State o f
Cities in
Cities in
Counties
R ailroad

and

bonds

M assachusetts .......
other States............
this State...............
in this State..........
mortgage bonds . . .

Par
value
$200,000 00
1,072,000 00
2,229,900 00
50,000 00
950,000 00
$4,501,900 00

Original
Estimated
cost
market value
$213,250 00
$180,000 00
1,106,030 30
1,034,620 00
2,225,481 40
2,081,408 00
55,000 00
50,000 00
1,049,900 00
834,000 00
$4,649,661 70

$4,180,028 00

■
' ' ' - - ' ■ ■ -------Banking house and lot, book value, $95,000; cost, $243,346.71;
actual cash value ................................................................................
Other real estate, book value, $250,556.34; cost, $250,556.34;
actual cash value..................................................................................
Cash on deposit in banks or trust companies...............................
Cash on hand ..................................................... ........................................
Total of collectible interest.....................................................................
Amount of all other assets, viz.: Rent from banking house. .

4,180,0 28 00
95,000 00
222,000
790,486
30,640
101,884
66

00
40
39
09
66

$13,337,413 54
L IA B IL IT IE S

Amount due depositors, viz.:
P rincipal ..................................................................................$12,295,035 43
Dividends credited or to be credited fo r the six
months ending w ith December 31, 1915........................
236,349 42

------------------ $12,531,384 85
Surplus on market value ................................................. .....................
806,028 69
$13,337,413 54
Surplus on .par value, $1,127,900.69.
CASH TRANSACTIONS DURING THE YEAR 1915
R E CEIPTS

Cash on hand and in banks or trust companies January 1
1915, before transactions of the day........... ...................................
From depositors, not including dividends credited......................
From interest on loans, deposits and investments....................
From rents from banking house..........................................................
From rents from other real estate...................................................
From m ortgages.........................................................................................
From redemption of stocks and bonds...............................................
From stocks and bonds sold (total par value, $300,000).........
From real estate sold ............................................................................




$975,985
2 ,6 3 3 ,0 1 2
579,835
4 ,0 60
9,129
203,405
113,000
286,202
97,223

39
32
98
00
13
00
00
50
13

N e w Y oke C ounty

201

From all other sources, viz.:
Rebate o f expenses ..............................................................
Received on account o f real estate sold......................
From receiver, rents during foreclosure......................

$34 20
1,500 00
487 38

----------- ------

$2,021 58
$4,903,875 03

PAYM ENTS

To depositors, including dividends paid to them........................ $3,582 ,86 4
For loans on bonds and mortgages.....................................................
155,685
For stocks and bonds purchased, including premiums, com­
missions, etc. (total par value, $256,900).................................
265,104
For interest (other than dividend payments to depositors)..
1,428
For current expenses of the bank, viz.:
F or salaries ...........................................................................
F or ta x e s : Banking house, $1,575.50; surplus,
$7,370.20..................................................................................
For expenses, except taxes, o f banking h o u se :
Insurance ..........................................................................
F or expenses o f other real estate, v i z .:
R e p a ir s ..............................................................................
Insurance .........................................................................
Taxes ..................................................................................
F or other expenses, not including expenses o f other
real estate nor other expenses o f banking h o u se ...

34
00
SO
27

$29,855 00
8,945 70
135 00
5,800 43
360 93
3,770 34
12,418 02

61,285 42
For real estate acquired by foreclosure, or in settlement of
debts due the bank ................................................................ ...........
Other payments, viz.: Suspense account..........................................
Cash on hand and in banks or trust companies December 31,
1915, after transactions of the day...............................................

13,003 24
3,377 17
821,126 79
$4,903,875 03

STATISTICAL INFORMATION
Number of open accounts January 1, 1916......................................
16,318
Number of accounts opened or reopened during the year.........
2,417
Number of accounts closed during the year.................................
2,474
Amount deposited during the year, not including dividends
credited for that period....................................................................... $2,633,012 32
3,582 864 34
Amount withdrawn during the year.................................................
Amount of dividends credited and paid for the year, viz.:
July 1, 1915 ...............................................................................
January 1, 1916 ......................................................................

$235,610 43
236,349 42

Average amount of each account January 1, 1916......................
Rate per cent, of dividends to depositors during the six
months ending June 30, 1915............................................................
Rate per cent, of dividends to depositors during the six
months ending December 31, 1915.................................................
Total earnings of the bank for the year 1915, after allowing
for amortization of premiums and discounts...........................
Total expenses of the bank for the year 1915...............................
Dividends paid to depositors for the year 1915.............................
Net earnings for the year 1915 over expenses and dividends
paid to depositors ..............................................................................




471.959 85
767 94
4
4
$575,337 21
61,285 42
471.959 85
42,091 94

R eport on S ayings B anks

202
82.

N E W Y O R K S A V IN G S B A N K , N E W

Y O R K C IT Y

[83 Eighth avenue; incorporated 1854]
W IL L IA M FELSINGER, President.
JAMES L. W ANDLING, Treasurer.
BENJ. A. W ILLIAM S, Vice-President.
W ALTER R. BRINCKERH OF, Sec.
JOHN ARTTH U R GREENE, Vice-Pres.

TRUSTEES
W ILLIA M FELSIN GER,
JAM ES L. WANDLING,
E IB E D. CORDTS,
BENJ. A. W ILLIAM S,

H E RBERT I). BROWN,
JOHN A. GREENE,
FRANK B. SMIDT,
THOMAS P. SPENCER,
W ILLIA M J. HOE.

A L E X A N D E R M. W ELCH,
W ILLIA M W. HALL,
W ILLIA M J. SLOANE,
W. R. BRINCKERH OFF,

FIN AN CIAL
RESOURCES

Bonds and mortgages................................................................................ $24,634,250 00
Stock and bond investments, viz.:
S to c k s

State o f
State o f
State of
State o f
State o f
Cities in
Cities in
Counties
R ailroad

and

bonds

New Y ork ...............
C alifornia ..............
Maryland ...............
M assachusetts .......
Tennessee ...............
other States............
this State...............
in this S tate..........
mortgage bonds ...

Par
value
$300,000 00
400,000 00
100,000 00
650,000 00
200,000 00
4,440,500 00
4,734,500 00
246,000 00
4,865,000 00

Original
Estimated
cost
market value
O
$316,000 00
$307,125 O
376,000 no
376,000 00
94,645 00
95,000 00
703,710 00
604,000 00
210,000 00
206,778 80
4,649,805 49
4,439,947 50
4,854,424 74
4,766,635 00
249,486 00
237,960 00
5,033,450 52
4,569,360 00

$15,936,000 00 $16,475,425 55 $15,614,902 50

-----------------'
------------ ^
15,614,902 50
Banking house and lot, book value, $250,000; cost, $449,851.80;
actual cash value..................................................................................
250,000 00
Other real estate, book value, $129,000; cost, $129,000;
actual cash value....................................................................................
129,000 00
Cash on deposit in banksor trust companies...................................
2 ,9 7 7 ,1 9 4 47
Cash on hand................................................................................................
29,337 79
Total of collectible interest.....................................................................
365,991 17
$44,000,675 93
L IA B IL IT IE S

Amount due depositors, viz.:
P rincipal ................................................................................. $39,666,680 29
Dividends credited or to be credited fo r the six
m onths ending with December 31, 1915........................
760,454 14

------------------ $4 0,427,134 43
Surplus on market value.......................................................................... 3,573,541 50
$44,000,675 93
- - - ■
.

Surplus on par value, $3,894,639.

CASH TRANSACTIONS DURING THE YEA R 1915
R E CEIPTS

Cash on hand and in banks or trust companies January 1,
1915, before transactions of the day............................................... $2 ,453,863 50
From depositors, not including dividendscredited.......................
7,685,7 56 59
From interest on loans, deposits and investments.......................
1,914,205 16
From rents from other real estate.....................................................
8 ,1 00 58
From m ortgages.........................................................................................
650,212 00
From redemption of stocks and bonds..............................................
702,500 00
From all other sources, viz.:
From receiver of m ortgaged prop erty.........................
Fire loss ..................................................................................
Rebate on p re m iu m s.............................................................




$375 00
52 80
9 20

-------------------------------------- 93700
$ 1 3 ,4 1 5 ,5 7 4 83

2 03

N e w Y ork C ounty
PAYM EN TS

To depositors, including dividends paid to them............................. $7 ,657,806 09
810,884 08
For loans on bonds and mortgages.....................................................
For stocks and bonds purchased, including premiums, commis­
sions, etc. (total par value, $1,729,000)......................................
1,745,235 72
For interest (other than dividend payments to depositors) . . . .
15,354 14
For current expenses of the bank, viz.:
For salaries ...........................................................................
For t a x e s : Banking house, $5,375.80; surplus,
$30,331.52 ................................................................................
For expenses, except taxes, o f banking h o u s e :
R e p a ir s ...............................................................................
For expenses o f other real estate, v i z .:
Repairs ..............................................................................
Insurance ..........................................................................
Taxes ..................................................................................
For other expenses, not including expenses o f other
real estate nor other expenses o f banking h ou se...

$58,115 80
35,707 32
315 72
12,422 22
701 16
456 47
2,364 58
1,927 28

112,010 55
For real estate acquired by foreclosure, or in settlement of
debts due the bank................................................................................
Other payments, viz.: Taxes advanced.............................................
Cash on hand and in banks or trust companies December 31,
1915, after transactions of the day.................................................

66,743 58
1,008 41
3,006,5 32 26
$1 3,415,574 83

STATISTICAL INFORMATION
Number of open accounts January 1, 1916......................................
48,949
Number of accounts opened or reopened during the year...........
7,537
Number of accounts closed during the year....................................
6,653
Amount deposited during the year, not including dividends
credited for that period....................................................................... $7 ,685,756 59
Amount withdrawn during the year...................................................
7,657,8 06 09
Amount of dividends credited and paid for the year, viz.:
July 1, 1915 .............................................................................
January 1, 1916 .......................................................................

$748,555 98
760,454 14

1.509.010 12
Average amount of each account January 1, 1916........................
825 90
Rate per cent, of dividends to depositors during the six months
ending June 30, 1915............................................................................
4
Rate per cent, of dividends to depositors during the six months
ending December 31, 1915...................................................................
4
Total earnings of the bank for the year 1915, after allowing
for amortization of premiums and discounts............................. $1,895,541 74
Total expenses of the hank for the year 1915.................................
112,010 55
Dividends paid to depositors for the year 1915.........................
1.509.0 10 12
Net earnings for the year 1915 over expenses and dividends
paid to depositors..................................................................................
274,521 07




204:

R eport on S avings B anks
83.

NORTH RIVER SAVINGS BANK, NEW YORK CITY

[31 W est 34th s tr e e t; incorporated 1866]
JOHN H. SELMES, President.
GEORGE T. CONNETT, Treasurer.
CH ARLES ROHE, Vice-President.
HERMAN F. DIETMANN, Asst. Treas.
CH R ISTIAN F. TIE TJE N , Vice-Pres.
H OBART G. M ILBANK, Asst. Secy.

TRUSTEES
C H R ISTIAN F. TIE TJE N ,
JOHN H. SELMES,
CHARLES ROHE,
R. H. MACDONALD,
W ILLIA M H. SAGE,

A L B E R T B. A SIIFO R TH ,
JOHN A. HANCE,
CHAS. W. CARPENTER,
CHARLES H. PARSONS,
W. C. OTTERSON,
T. A. BALL.

THEODORE H. BANKS,
R OBERT H. GOFFE,
HENRY B. FISCH ER,
GEORGE T. CONNETT,
FR AN K PRESBREY,

FIN AN CIAL
RESOURCES

Bonds and mortgages.................................................................................. $4 ,786 ,30 0 00
Stock and bond investments, viz.:
S to c k s and

bonds

State o f New Y ork.................
State o f Massachusetts .......
Cities in other States............
Cities in this State...............
Counties in this State..........
Villages in this State............
R ailroad m ortgage bonds----

Par
value
$100,000
300,000
755,000
1,026,000
110,000
103,000
900,000

00
00
00
00
00
00
00

$3,294,000 00

Original
Estimated
cost
market value
$107,890 63
$112,00000
329,069 00
277,000 00
796,966 40
747,85000
1,095,293 67
1,071,09000
115,203 39
114,95000
104,807 28
105,53000
990,978 43
842,50000
$3,540,208 80

$3,270,920 00

—
= = — —
-----------------Banking house and lot, book value, $237,000; cost, $237,000;
actual cash value.....................................................................................
Other real estate, book value, $98,571.50; cost, $98,571.50;
actual cash value..................................................................................
Cash on deposit in banks or trust companies.................................
Cash on hand................................................................................................
Total of collectible interest.....................................................................
Amount of all other assets, viz.: Rents accrued.........................

3,2 70,9 20 00
237,000 00
98,571
809,103
20,952
101,760
50

50
27
60
50
00

$9,324,657 87
L IA B IL IT IE S

Amount due depositors, viz.:
P r in c ip a l.................................................................................. $8,600,585 06
Dividends credited o r to be credited fo r the six
months ending w ith December 31, 1915......................
140,733 76

------------------ $8,741,318 82
Other liabilities, viz.: Adjustment account of rents received
to be applied on mortgage loan........................................................
775 72
Surplus on market value.........................................................................
582,563 33
$9,324,657 87
Surplus on par value, $605,643.33.
CASH TRANSACTIONS DURING THE YEA R 1915
R E CEIPTS

Cash on hand and in banks or trust companies January 1,
1915, before transactions of the day...............................................
From depositors, not including dividends credited......................
From interest on loans, deposits and investments.........................
From rents from other real estate.....................................................
From mortgages .........................................................................................
From redemption of stocks and bonds...............................................




$695,679
2,3 5 9 ,4 5 8
393,689
2 ,5 94
218,200
34,000

01
65
39
50
00
00

N e w Y ork C ounty
From all other sources, viz.:
For account subordinate Interest In mortgages.......
Satisfaction pieces and notary fees..........................
Refund for appraisals and counsel fee.....................
Check received for rent, not good.............................
Settlement of rent loss..............................................
Insurance prem s returned account of rate re­
ium
duction ..................................................................
Premium on exchange of bonds.................................
For adjustment account of rents received to be ap­
plied on m
ortgage loan.........................................
Refund of overcharge on advertising.........................

205

|5,498
34
285
260
160

02
25
00
00
00

4u 34
500 00
2,451 26
2 40

------------

$9,231 27
$3 ,712,852 82

PAYMENTS
To depositors, including dividends paid to them........................... $2,648 ,48 2
53,000
For loans on bonds and mortgages.....................................................
For stocks and bonds purchased, including premiums, commis­
sions, etc. (total par value, $125,000)..........................................
129,371
For interest (other than dividend payments to depositors) . ..
140
For current expenses of the bank, viz.:
For salaries ...........................................................................
F or
ta x e s : Banking house,
$3,349.17 ; surplus,
$4,340.26 ..................................................................................
For expenses, except taxes, o f banking house :
Repairs ..............................................................................
O t h e r ..................................................................................
For expenses o f other real estate, v i z .:
R e p a irs ...............................................................................
T a x e s ..................................................................................
Other ..................................................................................
F or other expenses, not including expenses o f other
real estate nor other expenses o f banking h o u se...

31
00
60
62

$24,707 89
7,689 43
9 60
1,288 66
198 86
1,136 19
332 98
4,830 91

40,194 52
Other payments, viz.:
To subordinate interest in m ortgages.............................
Taxes advanced on banking house................................
Check received from tenant, not good, returned to
him ........................................................................................
Adjustm ent account o f rents received to be applied
on mortgage loan ..............................................................

$5,498 02
4,174 34
260 00
1,675 54

11,607 90
Cash on hand and in banks or trust companies December 31,
1915, after transactions of the day.................................................

830,055 87
$3,712,852 82

STATISTICAL INFORMATION
Number of open accounts January 1, 1916......................................
18,918
Number of accounts opened or reopened during the year...........
3,058
Number of accounts closed during the year....................................
2,570
Amount deposited during the year, not including dividends
credited for that period....................................................................... $2 ,359,458 65
Amount withdrawn during the year...................................................
2,6 4 8 ,4 8 2 31
Amount of dividends credited and paid for the year, viz.:
July 1, 1915 ...........................................................................
January 1, 1916 ......................................................................

$141,558 27
140,733 76

Average amount of each account January 1, 1916.........................
Rate per cent, of dividends to depositors during the six months
ending June 30, 1915............................................................................
Rate per cent, of dividends to depositors during the six months
ending December 31, 1915...................................................................
Total earnings of the bank for the year 1915, after allowing
for amortization of premiums and discounts.............................
Total expenses of the bank for the year 1915..................................
Dividends paid to depositors for the year 1915.............................
Net earnings for the year 1915 over expenses and dividends
paid to depositors...................................................................................




282,292 03
462 06
3%

3V2
$385,311 04
44,368 86
282,292 03

58,650 15

R eport on S avings B anks

206
84.

SEAMEN’S BANK FOR SAVINGS IN THE CITY OF NEW YORK

[74-76 W all street; incorporated 1829]
D AN IEL BARNES, President.
CHARLES B. CARPENTER, Treasurer.
GEORGE H. MACY, Vice-President.
W ILLISTO N H. BEN EDICT, Secretary.
GEORGE F. CRANE, Vice-President.
GEORGE M. HALSEY, Cashier.

TRUSTEES
GEORGE H. MACY,
ANSON W. HARD,
W ILLIA M E. STIGER,
GEORGE F. CRANE,
W. H. BENEDICT,
ANTON A. RAVEN,
WM. A. BUTLER,

DAN IEL BARNES,
EDW ARD W. SHELDON,
GEORGE C. CLARK,
P. A. S. FRAN K LIN ,
EUGENE DELANO,
SAMUEL SLOAN,
HENRY R. TAYLOR,

W IL L IA M A. HAZARD,
E L LIS G. RICHARDS,
GEO. M. HALSEY,
WM. H. W HEELOCK.
W. N. DUANE,
ROBERT S. BREW STER,
V. E V E R IT MACY.

FIN AN CIAL
RESOURCES

Bonds and mortgages................................................................................ $40,051,000 00
Stock and bond investments, viz.:
Par
Original
S to c k s and bon ds
value
cost
State o f New Y o rk .................. $1,019,000 00 $1,047,553 50
State o f M aryland...................
100,000 00
93,000 00
State o f Massachusetts.......... 5,625,000 00 6,152,924 00
Cities in other S tates............ 5,175,000 00
5,547,969 83
Cities in this S tate................ 9,849,100 00 10,255,996 72
Counties in this S tate......... 1,066.500 00 1,062,724 29
R ailroad mortgage bon ds. . . 17,609,000 00 18,732,473 09

Estimated
market value
$1,060,860 00
94,000 00
5,274,690 00
4,997,150 00
9,427,619 00
1,041,180 00
16,112,060 00

$40,443,600 00 $42,892,641 43 $38,007,559 00

...................... —
—
—
=—
38,007,559 00
Banking house and lot, book value, $477,964.85; cost, $477,964.85; actual cash value.........................................................................
477,964 85
Other real estate, book value, $1,307,756.84; cost, $1,307,756.84;

actual cash value............................................................................
Cash on deposit in banks or trust companies.................................
Cash on hand...............................................................................................
Total of collectible interest.....................................................................
Amount of all other assets, viz.: Insurance premiums ad­
vanced

1,307,756 84
4,4 1 7 ,9 4 2 28
526,086 86
828,954 62
48 00
$85,617,312 45

L IA B IL IT IE S

Amount due depositors, viz.:
P r in c ip a l..................................................................................$77,499,635 66
Dividends credited or to be credited fo r the six
months ending with December 31, 1915......................... 1,479,735 56

------------------ $78,979,371 22
Surplus on market value.......................................................................... 6,637,9 41 23
$85,617,312 45
Surplus on par value, $9,073,982.23.
CASH TRANSACTIONS DURING THE YEA R 1915
R E CEIPTS

Cash on hand and in banks or trust companies January 1,
1915, before transactions of the day............................................... $5,096,330 25
From depositors, not including dividends credited......................... 12,704,964 00
From interest on loans, deposits and investments...................... 3,538,9 25 57
From rents from banking house............................................................
4,817 37
From rents from other real estate........................................................
24,764 72
From m ortgages.........................................................................................
2,4 4 7 ,0 0 0 00
From redemption of stocks and bonds...............................................
1,6 75,1 50 00
From real estate sold.................... .........................................................
62,500 00




2 07

N e w Y ork C ounty
From all other sources, viz.:
Deficiency judgment.............................
Settlement of fire loss..........................
Agreement to sell other real estate. .. .
Insurance prem s advanced refunded
ium

$ 10,000

00
8,000 00

2,000 00

185 73

-------------

$20,185 73
$25,574,637 64

PAYM EN TS

To depositors, including dividends paid to them........................... $14,068,119
For loans on bonds and mortgages........................................................
4 ,0 3 8 ,8 0 0
For stocks and bonds purchased, including premiums, commis­
1,242,257
sions, etc. (total par value, $1,225,000)......................................
11,181
For interest (other than dividend payments to depositors)
For current expenses of the bank, viz.:
F or s a la r ie s ............................................................................
F or ta x e s: Banking house, $10,458.65 ; surplus,
$53,937.63 ................................................................................
F or expenses, except taxes, o f banking h o u se :
R e p a ir s ..............................................................................
In s u r a n c e ..........................................................................
O t h e r ..................................................................................
For expenses o f other real estate, v i z .:
R e p a ir s ..............................................................................
I n s u r a n c e ..........................................................................
T a x e s ..................................................................................
O t h e r ..................................................................................
For other expenses, not including expenses o f other
real estate nor other expenses o f banking house. .

67
00
25
28

$80,572 50
64,396 28
3,792 30
346 99
13,568 17
3,820
3,475
12,402
1,138

94
05
84
87

18,899 38

202,413 32
For real estate acquired by foreclosure, or in settlement of
debts due the bank................................................................................
Other payments, viz.:
Improvements on other real estate.................................
Insurance premiums a d v a n c e d ........................................

1,0 4 5 ,7 5 0 89

$21,302 80
783 29

22,086 09
Cash on hand and in banks or trust companies December 31,
1915, after transactions of the day...............................................

4,9 44,0 29 14
$25,574,637 64

STATISTICAL INFORMATION
Number of open accounts January 1, 1916......................................
101,669
Number of accounts opened or reopened during the year.........
13,443
Number of accounts closed during the year....................................
12,548
Amount deposited during the year, not including dividends
credited for that period....................................................................... $1 2,704,964 00
Amount withdrawn during the year................................................... 14,06S,119 67
Amount of dividends credited and paid for the year, viz.:
July 1, 1915................................................................................$1,463,922 32
January 1, 1916....................................................................... 1,479,735 56

------------------ 2,9 43,6 57 88
Average amount of each account January 1, 1916........................
776 82
Rate per cent, of dividends to depositors during the six months
ending June 30, 1915...........................................................................
4
Rate per cent, of dividends to depositors during the six months
ending December 31, 1915................................................................
4
Total earnings of the bank for the year 1915, after allowing
for amortization of premiums and discounts............................. $3,458,257 06
Total expenses of the bank for the year 1915.................................
202,413 32
Dividends paid to depositors for the year 1915.............................
2,9 4 3 ,6 5 7 88
Net earnings for the year 1915 over expenses and dividends
paid to depositors...................................................................................
312,185 86




R eport on S avings B anks

208
85.

THE UNION DIME SAVINGS BANK, NEW YORK CITY

[701 Sixth aven ue; incorporated 1859]
A L E X . P. W. KINNAN, President.
FRANCIS M. LEAK E, Treasurer.
F R E D ’K H. ECKER, Vice-President.
WM. H. LOCKE, Assistant Treasurer.
CLERM ONT H. W ILCOX, Vice-Pres.
FRAN K F. HAZARD, Secretary.

TRUSTEES
WM. H. LOCKE,
CHARLES A. SACKETT,
JAM ES H. HERRMAN,
JOHN R. HEGEMAN,
FRANCIS M. LEAK E,
CLERMONT II. W ILCOX,

A L E X . P. W. KINNAN,
F R ED ’ K H. ECKER,
W ILLIA M C. LANE,
ABRAM C. D eGRAW ,
JOHN F. THOMSON,
WM. M cM A STER M ILLS,

EDGAR A. TR E D W E L L,
W ILLIA M R. INNIS,
GEORGE HADDEN,
W IL LA R D E. FDM ISTER,
F R E D ’ K C. MEACHAM,
JOHN C. VAN CLEAF.

FIN AN CIAL
RESOURCES

Bonds and mortgages .......................................... .
Stock and bond investments, viz.:
S to c k s

and

bonds

State o f M assachusetts.........
Cities in other S tates...........
Cities in this S ta te...............
Towns in this State................
Villages in this S ta te...........
Railroad mortgage b o n d s ...

Par
value
$50,000 00
1,780,000 00
4,160,500 00
90,000 00
332,000 00
7,115,000 00

Original
cost
$49,513
1,881,443
4,466,419
92,896
358,142
7,322,637

$25,805,350 00

95
52
44
20
50
67

Estimated
market value
$46,000 00
1,779 270 00
4,169,715 00
88,800 00
328,380 00
6,479,000 00

$13,527,500 00 $14,171,053 28 $12,891,165 00

— — —
12,891,165 00
■ ■ ------ -- ■ - ... Banking house and lot, book value, $700,000; cost, $846,336.37; actual cash v a lu e ...................................................................
700,000 00
Other real estate, book value, $572,333.31; cost, $598,377.46; actual cash value...................................................................
572,333 31
Cash on deposit in banks ortrust companies...............................
4 ,4 9 1 ,4 1 2 91
567,287 79
Cash on hand .............................................................................................
Total of collectible interest...................................................................
420,977 89
Amount of all other assets, viz.: Rentsaccrued...........................
8,205 83
$45,456,732 73
L IA B IL IT IE S

----------

Amount due depositors, viz.:
P rincipal .................. ............................................................. $41,483,853 20
Dividends credited or to be credited for the six
months ending with December 31, 1915......................
656.895 70

------------------ $42,140,748
Other liabilities, viz.: Reserve for tax on surplus......................
13,842
Surplus on market value .....................................................................
3,302,141
$45,456,732

90
O
O
83
73

Surplus on par value, $3,938,476.83.
CASH TRANSACTIONS DURING THE YEAR 1915
RECEIPTS

Cash on hand and in banks or trust companies January 1,
1915, before transactions of the day............................................ $3 ,467 ,66 2 98
From depositors, not including dividends credited....................
13,110,325 54
From interest on loans, deposits and investments......................... 1,894,097 77
From rents from other real estate.....................................................
21,231 07
From m ortgages.........................................................................................
474,700 00
From redemption of stocks and bonds...............................................
242,600 00
From all other sources, viz.:
Refund o f expense p aid ......................................................
M aintenance o f real estate paid refunded...................
Rent received in advance.................................................




$71 80
525 05
19 91

-------------------------------------- 61676

$19,211,234 12

N e w Y ork C ounty

209

PAYM EN TS

To depositors, including dividends paid to them...........................$11,976,343
For loans on bonds and mortgages.....................................................
1,391,000
For stocks and bonds purchased, including premiums, com­
missions, etc. (total par value, $400,000)....................................
415,830
For interest (other than dividend payments to depositors) . .
1,875
For current expenses of the bank, viz.:
For salaries
.......................................................................
F or t a x e s : Banking house, $10,719.55; surplus, $27,681.60 .......................................................................................
For expenses, except taxes, o f banking h o u se :
Repairs ...............................................................................
Insurance
..................................................
Other ..................................................................................
For expenses o f other real estate, v i z .:
Repairs ..............................................................................
Taxes ..................................................................................
Other ..................................................................................
F or other expenses, not including expenses o f other
real estate nor other expenses o f banking house..

00
00

$85,667 69
38,401 15
585 20
651 83
4,540 78
3,884 95
21,314 87
6,223 30
20,212 37

-----------------For real estate acquired by foreclosure, or in settlement of
debts due the bank ..........................................................................
Other payments, viz.:
Expense paid and refunded...................................................
M aintenance o f real estate paid and refunded.............
Forged d ra ft
.......................................................................

55
00

181,482 14
185,040 27

$71 80
525 05
365 61

-------------------------------------- 96246
Cash on hand and in banks or trust companies December 31,
1915, aftertransactions of the day.................................................
5,0 58,7 00 70
$19,211,234 12
STATISTICAL INFORMATION
Number of open accounts January 1, 1916......................................
122,019
Number of accounts opened or reopened during the year...........
28,179
Number of accounts closed during the year....................................
21,424
Amount deposited during the year, not including dividends
credited for that period.......................................................................$13,110,325 54
Amount withdrawn during the year................................................... 11,976,343 55
Amount of dividends credited and paid for the year, viz.:
July 1, 1915..............................................................................
January 1, 1916 ......................................................................

$645,996 61
656,895 70

------------------ 1,302,892 31
Average amount of each account January 1, 1916........................
345 36
Number of accounts which exceeded $3,000, exclusive of divi­
dends credited, at the last trial balance of depositors’ ledgers
except deposits arising from society accounts, or judicial
sales, or trust funds, or by order of a court of record or of
a surrogate..............................................................................................
9
Total amount of such accounts............................................................
$30,363 61
Rate per cent, of dividends to depositors during the six
months ending June 30, 1915............................................................
3%
Rate per cent, of dividends to depositors during the six
months ending December 31, 1915..............................................
3*6
Total earnings of the bank for the year 1915, after allowing
for amortization of premiums and discounts............................... $1,907,489 33
Total expenses of the bank for the year 1915...............................
182,102 39
Dividends paid to depositors for the year 1915.............................
1,302,892 31
Net earnings for the year 1915 over expenses and dividends
paid to depositors ............................................ , , , , ........................
422,494 63




210

R eport on S ayings B anks
86.

UNION SQUARE SAVINGS BANK, NEW YORK CITY
[20 Union S qu are; incorporated 1848]

WM. H. ROCKWOOD, President.
EGERTON L. W IN THROP, Vice-Pres.
W. EMLEN ROOSEVELT, Vice-Pres.
HENRY R. BRIN CKERH OFF, Secy.

SAMUEL W OOLVERTON, Treasurer.
FR ED ERIC C. M ILLS, Cashier.
HUGH B. GARDNER, Asst. Cashier.
U

TRUSTEES
E. L. W INTHROP,
H E W LETT SCUDDER,
W. EMLEN ROOSEVELT,
CHAS. G. THOMPSON,
FRED ERIC S. W ELLS,

A L B E R T M. PATTERSON,
WM. d e F . HAYNES.
ISAAC TOWNSEND,
SAMUEL W OOLVERTON,
FRAN K B. KEECH,

BRONSON W INTH ROP,
EDW ARD M. TOWNSEND,
LORIN K. SCUDDER,
WM. H. ROCKWOOD,
NEW BOLD T. LAWRENCE.

FINANCIAL
RESOURCES

Bonds and mortgages.........................
Stock and bond investments, viz.:
S to c k s and bon d s

State o f
State o f
Cities in
Railroad

New Y ork.................
M aryland...................
this State.................
m ortgage bonds___

Par
value
$300,000
100,000
1,047,655
2,775,000

$6 ,314 ,15 0 00

00
00
20
00

$4,222,655 20

Original
Estimated
cost
market value
$305,125 00
$300,000 00
98,500 00
99,000 00
1,098,049 61
1,015,935 20
2,859,237 50
2,425,500 00
$4,360,912 11

$3,840,435 20

.................. ■ - - ■ ■ - ■- — Banking house and lot, book value, $350,000; cost, $465,078.76; actual cash value.................................................................
C ash on deposit in banks or trust companies.................................
Cash on hand.............................................................................................
Total of collectible interest...................................................................

3,840,435 20
350,000
515,862
63,976
174,129

00
90
11
22

$11,258,553 43
L IA B IL IT IE S

Amount due depositors, viz.:
Principal ................................................................................ $10,187,817 27
Dividends credited or to be credited fo r the six
months ending with December 31, 1915........................
168,824 72

------------------ $10,356,641 99
Surplus on market value.........................................................................
901,911 44
$11,258,553 43
Surplus on par value, $1,284,131.44.

CASH TRANSACTIONS DURING THE YEAR 1915
R E CEIPTS

Cash on hand and in banks or trust companies January 1,
1915, before transactions of the day...............................................
From depositors, not including dividends credited.....................
From interest on loans, deposits and investments........................
From rents from hanking house..........................................................
From mortgages .......................................................................................
From redmption of stocks and bonds...............................................




$625,277
2 ,2 6 5 ,8 0 9
470,646
1,000
288,750
5,000

22
74
54
00
00
00

$3 ,656,483 50

N e w Y ork C ounty

211

PAYM EN TS

To depositors, including dividends paid to them
For loans on bonds and mortgages...........................
For current expenses of the bank, v iz.:
F or salaries .............................................................................
For ta x e s : Banking house, $8,367.19 ; surplus, $5,495.99 .......................................................................................
F or expenses, except taxes, o f banking h o u se :
Repairs ...............................................................................
Insurance ..........................................................................
Other ..................................................................................
For other expenses, not including expenses o f other
real estate nor other expenses o f banking hou se..

$2 ,627,553 69
400,000 00
$27,400 00
13,863 18
830 10
104 83
1,315 85
5,576 84

49,090 80
Cash on hand and in banks or trust companies December 31,
1915, after transactions of the day...............................................

579,839 01
$ 3 ,656,4S3 50

STATISTICAL INFORMATION
15 ,i636
Number of open accounts January 1, 1916....................................
Number of accounts opened or reopened during the year.........
2J 644
Number of accounts closed during the year.................................
2, 503
Amount deposited during the year, not including dividends
credited for that period..................................................................... $2,265,809 74
2,6 2 7 ,5 5 3 69
Amount withdrawn during the year...................................................
Amount of dividends credited and paid for the year, viz.:
July 1, 1915................................................................................
January 1, 1916........................................................................

$169,073 60
168,824 72

Average amount of each account January 1, 1916.........................
Rate per cent, of dividends to depositors during the six months
ending June 30, 1915.........................................................................
Rate per cent, of dividends to depositors during the six months
ending December 31, 1915..................................................... .............
Total earnings of the bank for the year 1915, after allowing
for amortization of premiums and discounts.............................
Total expenses of the bank for the year 1915. ._...........................
Dividends paid to depositors for the year 1915.............................
Net earnings for the year 1915 over expenses and dividends
paid to depositors................................................................................




337,898 32
662 36
3%
3%
$479,501 63
49,090 80
337,898 32
92,512 51

212

R eport on S avings B anks

87. UNITED STATES SAVINGS BANK OF THE CITY OF NEW YORK
[606 Madison av en u e; incorporated 1889]
CHARLES N. TAINTOR, President.
JOHN HYSLOP, Treasurer.
W ILLIA M C. ADAMS, Vice-President.
EDW ARD H. LANDON, Secretary.
FRANCIS G. LLOYD, Vice-President.
ADOLPHE F. L e GOST, Cashier.

TRUSTEES
R IC H A R D A . ANTHONY,
PAYSON M ERRILL.
NOAH C. ROGERS,
JOHN HYSLOP,
CHARLES N. TAINTOR,
JAM ES A. FRAM E,

EDW ARD I. DEVLIN,
E DW ARD H. LANDON,
WM. C. ADAMS,
W ILLIA M E. PECK,
FRANCIS G. LLOYD,
W. W IL L IS REESE,
JOHN P. MUNN.

N. C. FISH ER,
JOHN E. W EEKS,
ADOLPH E F. LE GOST,
ISSAC N. SELIGMAN,
LANGLEY W. W IGGIN,
J. ADAMS BROWN,

FINANCIAL
RESOURCES

Bonds and mortgages.............................................................................. $3,308,550 00
Stock and bond investments, viz.:
S to c k s

and

bonds

State o f M assachusetts.........
Cities in other States..............
Cities in this S tate...............
Railroad mortgage bonds___

Par
value
$40,000 00
197,000 00
612,400 00
934,000 00
$1,783,400 00

Original
Estimated
cost
market value
$39,735 00
$35,850 00
199,386 24
195,520 00
624,950 61
597,619 00
909,793,53
819,380 00
$1,773,865 38

$1,648,369 00

■ ■
=
-— ... ...... - ----------- Banking house and lot, book value, $130,000; cost, $130,000;
actual cash value....................................................................................
Cash
on deposit in banks ortrust companies.................................
Cash
on hand
............................................................
Total
of collectible in te re st..................................................................
Amount of all other assets, viz.:
Rents accrued ......................................................................
Expenses advanced on account o f tenants..................

1,648,369 00
130,000
398,901
10,222
47,665

00
29
07
53

$1,056 67
227 60

-------------------------------------- 1,284 27
$5 ,544 ,99 2 16
L IA B IL IT IE S

Amount due depositors, viz.: .
Principal ................................................................................ $5,178,540 94
Dividends credited o r to be credited for the six
months ending with December 31, 1915......................
82,358 43

$5,260,899 37
Other liabilities, viz.:
M ortgage on banking house and lo t ................................
Interest accrued on m ortgage................................. .—
Expenses incurred, but unpaid :
Repairs, alterations and improvements to bank­
ing house ......................................................................
Sundries .............................................................................

$75,000 00
1,562 50
4,013 30
639 10

81,214 90
202,877 89
$5^544,992 16

Surplus on market value
Surplus on par value, $337,908.89.

CASH TRANSACTIONS DURING THE YEAR 1915
RECEIPTS

Cash on hand and in banks or trust companies January 1,
1915, before transactions of the day...............................................
From depositors, not including dividends credited........................
From interest on loans, deposits andinvestments.........................
From rents from banking house.........................................................
From rents from other real estate........................................................
Form mortgages .........................................................................................
From redemption of stocks and bonds..............................................
From real estate sold..................................................................




$443,384
1,730,533'
242,898
378
51
70,000
5 ,0 00
32,500

17
85
10
33
00
00
00
00

N

ew

Y

oke

213

C ounty

From all other sources, viz.:
Interest collected fo r subordinate m ortgagee.............
Subpoena fees ........................................................................
Unexpired Insurance policy .............................................
.Sale o f old radiator..............................................................
Costs and allowances in foreclosure o f m ortgage...
M ortgage on banking house and lot, assumed with
interest on same ..............................................................
Rent o f banking rooms refunded.......................................
A llow ance on exam ination and insurance o f title to
banking house and lo t......................................................
Rent o f fu rn itu re.....................................................................

$500
3
38
1
326

00
00
08
08
56

75,625 00
500 00
73 43

10 00

------------

$77,077 15
$2,601 ,82 2 60

PAYM EN TS

To depositors, including dividends paid to them............................. $1 ,692,382 22
254,000 00
For loans on bonds and mortgages...................................................
For stocks and bonds purchased, including premiums, commis­
83,420 49
sions, etc. (total par value, $81,00 0)............................................
For interest (other than dividend payments to depositors)..
487 52
For current expenses of the bank, v iz.:
For salaries ...........................................................................
For ta x es: Banking house, $1,140.70; surplus, $1,376.77.
F or expenses, except taxes, o f banking house :
Insurance ..........................................................................
Other ..................................................................................
For rent o f banking room s...............................................
For expenses o f other real estate, viz. :
Repairs ...............................................................................
Other ..................................................................................
For other expenses, not including expenses o f other
real estate nor other expenses o f banking house—

$14,089 00
2,517 47
325 50
790 74
5,000 00
3 00
5 00
2,144 24

24,874 95

Other payments, viz.:
Interest paid over to subordinate m ortgagee............
Cash short .............................................................................
Organization expenses refunded to trustees...............
Costs and allowances in foreclosure o f m ortgage---Rent o f furniture............................................. ....................
Cost of banking house and lo t ..........................................

$500 00
10 00
6,687 50
326 56
10 00
130,000 00

Cash on hand and in banks or trust companies December 31,
1915, after transactions of the day...............................................

137,534 06
409,123 36
$ 2 ,6 0 1 ,8 2 2 6 0

STATISTICAL INFORMATION
13,695
Number of open accounts January 1, 1 9 1 6 .................................
Number of accounts opened or reopened during the year.........
2,722
Number of accounts closed during the year....................................
2,069
Amount deposited during the year, not including dividends
credited for that period..................................................................... $1 ,730,533 85
Amount withdrawn during the year.................................................
1,692,382 22
Amount of dividends credited and paid for the year, viz.:
July 1, 1915................................................................................
January 1, 1916 ....................................................................
Credited at other p eriods....................................................

$81,127 62
82,358 43
1 00

Average amount of each account January 1, 1916....................
Rate per cent, of dividends to depositors during the six months
ending June 30, 1915......................................................................... •
.
Rate per cent, of dividends to depositors during the six months
ending December 31, 1915...................................................................
Total earnings of the bank for the year 1915, after allowing
for amortization of premiums and discounts......................
Total expenses of the bank for the year 1915.................................
Dividends paid to depositors for the year 1915...........................
Net earnings for the year 1915 over expenses and dividends
paid to depositors................................................................................




163.487 05
384 14
3^

3y
2
$248,227 62
37,787 35
163.487 05
46,953 22

214

R eport on S ayings B anks
88.

T H E U N IV E R S A L

S A V IN G S

BANK, NEW

YORK

C IT Y

[149 Broadway ; incorporated 1907]
W ILB U R F. BROWN, President.
W ILBU R F. BROWN, J h„ Treasurer.
ROBERT M cLEAN. Vice-President.
BYRON W. GREENE, Secretary.
CHAUNCEY L. M ITC H ELL, Vice-Pres.

TRUSTEES
W ILB U R F. BROWN.
ROBERT M cLEAN ,
C. L. M ITCH ELL,
BYRON W. GREENE,
W ILB U R F. BROWN, J b .,
RO B E R T M AZET,

RU SSELL DART,
SAMUEL D. FOLSOM,
FRANK H. HINES,
COURTNEY HYDE,
AUGUST H. TIE M E Y E R,
GROVER A. W H ALEN ,
B L A IR S. W ILLIA M S.-

W IL L IA M M. MORGAN,
ROBERT C. HILL,
CHARLES J. AUSTIN,
SAM. R. OUTERtBRIDGE.
JAM ES L. BEYEA,
JOHN H. HALLOCK,

FINANCIAL
RESOURCES

Bonds and mortgages..,............................................................................
Stock and bond investments, viz.:
Par
value
$7,000 00
64,000 00

Original
cost
$6,753 12
61,171 25

Estimated
market value
$6,860 00
60,040 00

$71,000 00

S to c k s and to n d s

Cities in this State...................
Railroad mortgage bonds

$67,924 37

$66,900 00

$149,750 00

Other real estate, book value, $12,743.55; cost, $12,743.55;
actual cash value................................................................................
Cash on deposit in banks or trust companies...............................
Cash on hand .............................................................................................
Total of collectible interest......... ..........................................................
Amount of all other assets, viz.:
Rents accrued ........................................................................
Equipment ...............................................................................

$38 00
398 26

66,900 00
12,743
16,703
1,509
2,543

55
23
56
01

436 26
$250,585 61

L IA B IL IT IE S

Amount due depositors, viz.:
P rincipal ..................................................................................
Dividends credited or to be credited fo r the six
months ending with December 31, 1915......................

$242,673 77
3,880 53

-----------------Surplus on market value.......................................................................

$246,554 30
4,031 31
$250,585 61

Surplus on par value, $8,131.31.
CASH TRANSACTIONS DURING THE YEAR 1915
R E CEIPTS

Cash on hand and in banks or trust companies January 1,
1915, before transactions of the day............................................
From depositors, not including dividends credited.........................
From interest on loans, deposits and investments........................
From rents from other real estate....................................................
F'rom mortgages .......................................................
From stocks and bonds sold (total par value, $67,00 0)..........
From all other sources, viz.:
Trustees ....................................................................................
Commissions and exchange.................................................
Interest to depositors...........................................................




$14,809
221,482
10,813
222
33,000
63,650

55
36
78
42
00
31

$119 26
359 91
5 26

-------------------------------------- 48443

$344,462 85

Y e w Y ork C ounty

2 15

PAYM EN TS

To depositors, including dividends paid to them...........................
For loans on bonds and mortgages......... ............................................
For stocks and bonds purchased, including premiums, commis­
sions, etc. (total par value, $69,000.)..........................................
For interest (other than dividend payments to depositors) . . .
For current expenses of the bank, viz.:
F or rent o f banking room s.................................................
For expenses o f other real estate, v i z ..:
Repairs ...............................................................................
Insurance ..........................................................................
Taxes ..................................................................................
Other ..................................................................................
For other expenses, not including expenses o f other
real estate nor other expenses o f banking h o u se ...

$184,791 29
70,500 00
64,798 73
564 90

$1,200 00
139
7
38
1

50
50
54
65

2,493 14

3,8 80 33
For real estate acquired by foreclosure, or in settlement of
debts due the bank ..............................................................................
Other payments, viz.: Equipment......................................................
Cash on hand and in banks or trust companies December 31,
1915, after transactions of the day...............................................

1,593 55
121 26
18,212 79
$344,462 85

STATISTICAL INFORMATION
Number of open accounts January 1, 1916....................................
Number of accounts opened or reopened during the year.........
Number of accounts closed during the year....................................
Amount deposited during the year, not including dividends
credited for that period.......................................... .............................
Amount withdrawn during the year.................................................
Amount of dividends credited and paid for the year, viz.:
July 1, 1915...............................................................................
January 1, 1916........................................................................
Credited at other period s....................................................

$221,482 36
184,791 29

$3,505 95
3,880 53
104 38

Average amount of each account January 1, 1916......................
Rate per cent, of dividends to depositors during the six months
ending June 30, 1915............................................................................
Rate per cent, of dividends to depositors during the six months
ending December 31, 1915..............................................................
Total earnings of the bank for the year 1915, after allowing
for amortization of premiums and discounts.............................
Total expenses of the bank for the year 1915...............................
Dividends paid to depositors for the year 1915...........................
Net earnings for the year 1915 over expenses and dividends
paid to depositors ................................................................................




2,905
2,422
1,471

7.490 86
84 84
4

4
$12,411 32
3,734 67
7.490 86
1,185 79

R eport on S avings B anks

216
89.

W E S T S ID E S A V I N G S B A N K , N E W

Y O R K C IT Y

[110-112 Sixth aven ue; incorporated 1868.]
CLARENCE O. BIGELOW , President.
W IL L IA M V. HUDSON, Secretary.
NELSON S. W ESTCOTT, Vice-Pres.
JOHN J. BURKE, A ssistant Secretary.
GEORGE E. M ARKS, Vice-President.

TRUSTEES
CLARENCE O. BIGELOW ,
JOHN C. CARPENTER,
CHARLES E. DUROSS,
E DW ARD R. FINCH,
FR AN K L. FRUGONE,
R O BERT L. HARRISON,
JOHN W. JACOBUS,

W. I. LINCOLN ADAM S,
V. CHAPIN DAGGETT,
JOSEPH H. EMERY,
N. S. W ESTCOTT,
WM. V. HUDSON,
M. P. GOULD,
ltUEL W. POOR.

GEORGE E. M ARKS,
A R TH U R J. M cCLURE,
JOSEPH ROWAN,
F. L. SATTE R LE E.
THOM AS F. SOMERS,
CHAS. H. VAN AKEN ,

FIN AN CIAL
RESOURCES

Bonds and mortgages
Stock and bond investments, viz.:
S to c k s

and

bonds

State o f New Y ork...................
State o f A labam a..................
State o f C alifornia...............
Cities in other S tates...........
Cities in this S tate...............
Counties in this S tate.........
Tow ns in this State...............
V illages in this S tate............
School districts in this State
Railroad mortgage bonds—

$2 ,171 ,05 0 00

Par
value
$50,000 00
25,000 00
20,000 00
233,000 00
388,646 49
46,000 00
102,487 50
140,126 66
115,196 64
159,000 00
$1,279,457 29

Original
cost
$53,968
27,310
19,411
250,871
396,302
46,157
107,906
147,629
124,342
150,192

75
00
40
66
51
75
63
31
94
25

Estimated
market value
$56,000 00
25,000 00
19,400 00
241,470 00
391,346 49
46,460 00
104,682 81
139,437 32
117,953 75
132,430 00

$1,324,093 20

$1,274,180 37

■ ------------' ......................
Other real estate, book value, $57,558.94; cost, $57,558.94;
actual cash value ................................................................................
Cash on deposit in banks or trust companies............. ....................
Cash on hand .............................................................................................
Total of collectible interest...................................................................

1,274,1 80 37
57,558
180,000
3,4 82
40,461

94
00
56
61

$3 ,726 ,73 3 48
L IA B IL IT IE S

Amount due depositors, viz.:
P rincipal .................................................................................. $3,430,948 82
Dividends credited o r to be credited fo r the six
m onths ending with December 31, 1915 ......................
63,175 20

------------------ $3 ,494 ,12 4 02
Surplus on market value.......................................................................
232,609 46
$3,726 ,73 3 48
Surplus on par value, $237,886.38.
CASH TRANSACTIONS DURING THE YEAR 1915
R E C E IPTS

Cash on hand and in banks or trust companies January 1,
1915, bet ore transactions of the day...............................................
From depositors, not including dividends credited......................
From interest on loans, deposits and investments......................
From rents from other real estate.....................................................
From mortgages ...........
From stocks and bonds sold (total par value, $89,865.82).........
From all other sources, viz.:
Expenses repaid .....................................................................
Hom e savings banks.............................................................
Cash over .............................................................................




$102,298
1,003,413
172,485
1,635
76,150
90,730

84
16
69
00
00
62

$75 36
79 00
12 20
--------------------------------------------- 1 6 6 5 6

$1,446,879 87

IS e w Y ork C ounty
T

217

PAYM EN TS

To depositors, including dividends paid to them............................. $ 1 ,142 ,89 4 60
For stocks and bonds purchased, including premiums, commis­
sions, etc. (total par value, $65,000).............................................
67,647 30
For interest (other than dividend payments to depositors) . . . .
542 50
For current expenses of the bank, viz.:
F or salaries ...........................................................................
F or taxes : surplus ..............................................................
F or expenses, except taxes, o f banking h o u s e :
Repairs ...............................................................................
Insurance ..........................................................................
Other ....................................................................
F or rent o f banking room s.................................................
F or expenses o f other real estate, v i z .:
Repairs ..............................................................................
Insurance ..........................................................................
Taxes ..................................................................................
Other ..................................................................................
F or other expenses, not including expenses o f other
real estate nor other expenses o f banking h o u se ...

$12,891 00
1,784 62
79
113
127
3,700

12
05
30
00

1,300
67
846
1,023

00
80
70
56

1,058 54

For real estate acquired by foreclosure, or in settlement of
debts due the bank................................................................................
Other payments, viz.: Interest paid on account in litigation
Cash on hand and in banks or trust companies December 31,
1915, after transactions of the day...............................................

22,991 69
29,111 22

210 00
183,482 56
$1 ,446,879 87

STATISTICAL INFORMATION
11,563
Number of open accounts January 1, 1916......................................
2,106
Number of accounts opened or reopened during the year.........
2,006
Number of accounts closed during the year....................................
Amount deposited during the year, not including dividends
credited for that period..................................................................... $1 ,003 ,41 3 16
1,142,894 60
Amount withdrawn during the year...................................................
Amount of dividends credited and paid for the year, viz.:
July 1, 1915..............................................................................
January 1, 1916........................................................................

$56,087 66
63,175 20

Average amount of each account January 1, 1916.........................
Kate per cent, of dividends to depositors during the six months
ending June 30, 1915............................................................................
Rate per cent, of dividends to depositors during the six months
ending December 31, 1915.................................................................
Total earnings of the bank for the year 1915, after allowing
for amortization of premiums and discounts.............................
Total expenses of the bank for the year 1915..................................
Dividends paid to depositors for the year 1915.............................
Net earnings for the year 1915 over expenses and dividends
paid to depositors..................................................................................




119,262 86
302 18

3y2
4
$174,877 65
21,598 63
119,262 86
34,016 16

N IA G A R A C O U N T Y
90.

FARM ERS

AND

M E C H A N IC S ’ S A V IN G S
LOCKPORT

BANK

OF

THE

C IT Y

OF

[116 Main s tr e e t; incorporated 1870]
W IL L IA M A. W ILLIA M S, President.
J. E. EMERSON, Secretary.
CHARLES A. HOAG, Vice-President.
CHARLES H. W ENDELL, Asst. Secy.
JOSEPH DUM VILLE, Vice-President.

TRUSTEES
WM. A. W ILLIAM S,
CHARLES A. HOAG,
JOSEPH DUM VILLE.
JEROME E. EMERSON,

GEORGE II. MOODY,
JOHN T. DARRISON,
II. J. BABCOCK,
WM. RICHMOND,
I. A. BRONSON.

th os. m . m cgrath,
M. D. C LAPSATTLE,
JOHN B. ARNOLD,
E. M. GRIGG,

FIN AN CIAL
RESOURCES

Bonds and mortgages....................
Stock and bond investments, viz.:
S to c k s and bon ds

State o f Louisiana...................
Cities in other States............
Cities in this S tate...............
Counties in this S tate............
Towns in this S tate...............
Villages in this S tate............
School districts in this State
Railroad mortgage bonds—

$3 ,747,373 00

Par
value
$100,000 00
108,000 00
243,568 58
10,000 00
124,918 26
156,000 00
93,400 00
696,000 00
$1,531,886 84

Original
Estimated
cost
market value
$99,085 00
$103,000 00
109,858 23
111,210 00
245,987 96
242,895 39
10,000 00
10,000 00
124,918 26
120,933 05
151,770 00
158,885 07
95,590 48
94,162 50
736,494 79
599,370 00
$1,580,819 79

$1,433,340 94

1,433,340 94
Banking house and lot, book value, $143,955.70; cost, $143,955.70; actual cash value...................................................................
Other real estate, book value, $15,000; cost, $25,352.69;
actual cash value ................................................................................
Cash on deposit in banks or trust companies...............................
Cash on hand .............................................................................................
Total of collectible interest.....................................................................
Amount of all other assets, viz.:
Land contracts ..................
Suspense account .................................................................
Insurance premiums and taxes advanced.......................
Rents accrued ........................................................................
New York State barge canal judgm ents...........................

$12,055
2,504
127
310
19,773

140,000 00
25,352
613,129
98,481
51,832

69
18
61
62

10
63
71
00
99

34,771 43
$6,144,281 47
L IA B IL IT IE S

:

Amount due depositors, viz.:
Principal .................................................................................. $5,708,114 12
Dividends credited or to be credited fo r the six
months ending with December 31. 1915......................
54,497 74

------------------ $5,762,611 86
Other liabilities, viz.: Expenses incurred, but unpaid, fran­
chise tax
1,500 00
Surplus on market value........................................................................
380,169 61
$6,144,281 47
Surplus on par value, $478,715.51.
=
CASH TRANSACTIONS DURING THE YEA R 1915
RECEIPTS

Cash on hand and in banks or trust companies January 1,
1915, before transactions of the day...............................................
From depositors, not includingdividends credited......................
From interest on loans, deposits andinvestments.........................
From rents from banking house.........................................................
From mortgages ......................................................................................




[218]

$654,444
2,0 6 3 ,0 3 7
282,380
6,058
200,596

79
46
35
00
00

N iagara C o u n ty

219

From redemption of stocks and bonds...............................................
From real estate sold................................................................................
From all other sources, viz.:
Land contracts ....................................................................
Insurance premiums and taxes advanced, refunded..
Waste paper and furniture so ld .......................................
Rebate on insurance............................................................
PAYM ENTS'

$87,170 06
10,344 65

$1,070 72
1,086 75
13 96
53
_

2,171 96
$3,306,203~27

To depositors, including dividends paid to them........................... $2 ,321 ,96 0 56
111,050 00
For loans on bonds and mortgages......................................................
For stocks and bonds purchased, including premiums, commis­
87,385 81
sions, etc. (total par value, $87,385.81)......................................
1,278 01
For interest (other than dividend payments to depositors) . ..
For current expenses of the bank, viz.:
For salaries ...........................................................................
For
ta x e s : Banking house, $3,107.37 ; surplus,
$2,716.51
For expenses, except taxes, o f banking h o u s e :
Repairs .............................................................................
Insurance ..........................................................................
Other ..................................................................................
For expenses o f other real estate,v i z .: Other............
For other expenses, not including expenses o f other
real estate nor other expenses o f banking house..

$13,050 00
5,823 88
382 94
76 37
3,365 75
258 61
2,704 10

25,661 65
For real estate acquired by foreclosure, or in seettlement of
debts due the bank. . . ..........................................................................
Other payments, viz.:
Land contracts ......................................................................
Insurance premiums and taxes advanced......................

35,697 34

$10,344 65
1,214 46

11,559 11
Cash on hand and in banks or trust companies December 31,
1915, after transactions of the day...............................................

711,610 79
$3,306,203 27

STATISTICAL INFORMATION
12,866
Number of open accounts January 1, 1916......................................
2,024
Number of accounts opened or reopened during the year..........
1,568
Number of accounts closed during the year....................................
Amount deposited during the year, not including dividends
credited for that period..................................................................... $2 ,063,037 46
2 ,3 2 1 ,9 6 0 56
Amount withdrawn during the year...................................................
Amount of dividends credited and paid for the year, viz.:
April 1, 1915.............................................................................
July 1, 1915................................................................................
October 1, 1915........................................................................
January 1, 1916........................................................................
Credited at other p eriods...................................................
Debited at other periods

$55,990 32
55,244 35
54,576 70
54,497 74
5 42
$220,314 53

12 00

Average amount of each account January 1, 1916......................
Number of accounts which exceeded $3,000, exclusive of div­
idends credited, at the last trial balance of depositors’
ledgers, except deposits arising from society accounts, or
judicial sales, or trust funds, or by order of a court of
record or of a surrogate.....................................................................
Total amount of such accounts............................................................
Rate per cent, of dividends to depositors during the six months
ending June 30, 1915............................................................................
Rate per cent, of dividends to depositors during the six months
ending December 31, 1915..................................................................
Total earnings of the bank for the year 1915, after allowing
for amortization of premiums and discounts.............................
Total expenses of the bank for the year 1915...............................
Dividends paid to depositors for the year 1915...........................
Net earnings for the year 1915 over expenses and dividends
paid to depositors..................................................................................




220,302 53
443 66

9
$30,507 27

4
4
$283,314 66
26,101 35
220,302 53

36,910 78

R eport on S avings B anks

220
91.

N IA G A R A C O U N T Y S A V IN G S B A N K , N IA G A R A F A L L S

1304 Niagara s tr e e t; incorporated 1890]
C. M YOUNG, President.
JAMES T. LOW, Secretary.
TOSEPH E. MONTAGUE, Vice-President.
JOHN P. DOLAN, Treasurer.
HENRY HUBBS, Vice-President.

TRUSTEES
L. W. PETTEBON E.
A L E X . J. PORTER.
JULIUS KRAKOSKI,
FRAN CIS H. SALT,
F R E D J. COE,
GEORGE F. NYE,

W IL L IA M C. W ALLACE,
JOSEPH E. MONTAGUE,
JOHN T, W ILLIAM SON,
CHRIS. M. YOUNG,
AUGUSTUS G. PORTER,
EUGENE CARY,

DE LANCY RANKINE,
JOHN H. ELLENBAUM ,
RICHARD CRICK.
F R ED ’ K CHORMANN,
D RAKE W H ITNEY,
HENRY HUBBS.

FIN AN CIAL
RESOURCES

Bonds and m o r t g a g e s ...........................................................................
Stock and bond investments, viz.:
Par
value
Cities in other States............
$5,000 00
Cities in this S tate...............
249,822 00
Counties in this State............
5,000 00
Towns in this S ta te.................. 16,000 00
Villages in this State............
56,000 00
School districts in this State
39,000 00
Railroad mortgage b o n d s ....
18,000 00
S to c k s and bon ds

$388,822 00

$1,174,251 00

Original
Estimated
cost
market value
$5,247 25
$5,050 00
254,094 99
248,477 62
4,900 00
4,900 00
16,557 12
16,380 00
56,928 16
56,300 00
40,742 10
39,050 00
18,907 25
14,480 00
$397,376 87

$384,637 62

384,637 62
Other real estate, book value, $8,986.34; cost, $8,986.34;
actual cash value ..................................................................................
Cash on deposit in banks or trust companies...............................
Cash on hand .............................................................................................
Total of collectible interest................................. .................................

8,986
301,527
5,875
37,823

34
01
03
90

$1,913,100 90
L IA B IL IT IE S

Amount due depositors, viz.:
Principal .................................................................................. $1,798,546 44
Dividends credited or to be credited for the six
m onths ending with December 31, 1915......................
31,964 86

------------------ $1,830,511 30
Other liabilities, viz.: Due on mortgages........................................
5,908 99
Surplus on market value.........................................................................
76,680 61
1,9 13,1 00 90
Surplus on par value, $80,864.99.
CASH TRANSACTIONS DURING THE Y E A R 1915
R E CEIPTS

Cash on hand and in banks or trust companies January 1,
1915, before transactions of the day.............................................
From depositors, not including dividends credited....................
From interest on loans, deposits andinvestments......................
From rents from
other real estate................................................
From mortgages
.................................................................
From redemption of stocks and bonds.............................................
From all other sources, viz.:
Due on m ortgages.................................................................
Sale o f travelers checks......................................................




$183,890
1,169,365
91,391
227
61,850
77,250

06
09
60
71
00
00

$8,835 82
8 55

-------------------------------------- 8,844 37

$1,592,818 83

N iagara C o u n ty

2 21

PAYMENTS
To depositors, including dividends paid to them...................... .. $1 ,047,399 62
160,725 00
For loans on bonds and mortgages.....................................................
For stocks and bonds purchased, including premiums, commis­
sions, etc. (total par value, $59,018.00).....................................
58,331 17
For interest (other than dividend payments to depositors) . . . .
251 27
For current expenses of the bank, viz.:
F or salaries ...........................................................................
For taxes : Surplus ..............................................................
For expenses, except taxes, o f banking h o u se :
Insurance ..........................................................................
For rent o f banking room s.................................................
For expenses o f other real estate, v i z .:

$6,537 69
658 75

Repairs .............................................................................
Insurance ..........................................................................
T axes ................................................................................
Other ..................................................................................
For other expenses, not including expenses o f other
real estate nor other expenses o f banking house..

30
19
124
71

8 60
900 00
00
25
57
44

2,455 36

10,805 66
For real estate acquired by foreclosure, or in settlement of
debts due the bank................................................................................
Other payments, viz.: Paid on mortgages....................................
Cash on hand and in banks or trust companies December 31,
1915, after transactions of the day...............................................

4,787 27
3,116 80
307,402 04
$1,592,818 83

STATISTICAL INFORMATION
Number of open accounts January J, 1916......................................
6,514
Number of accounts opened or reopened during the year.........
2,396
Number of accounts closed during the year....................................
1,874
Amount deposited during the year, not including dividends
credited for that period.................................................................. $1 ,169 ,36 5 09
Amount withdrawn during the year...................................................
1,047,399 62
Amount of dividends credited and paid for the year, viz.:
July 1, 1915...............................................................................
January 1, 1916......................................................................
Credited at other periods....................................................

$30,528 48
31,964 86
862 87

Average amount of each account January 1, 1916........................
Rate per cent, of dividends to depositors during the six months
ending June 30, 1915...........................................................................
Rate per cent, of dividends to depositors during the six months
ending December 31, 1915................................................................
Total earnings of the bank for the year 1915, after allowing
for amortization of premiums and discounts.............................
Total expenses of the bank for the year 1915...............................
Dividends paid to depositors for the year 1915.............................
Net earnings for the year 1915 over expenses and dividends
paid to depositors ..............................................................................




63.356 21
281 01
4
4
$92,292 78
10,805 66
63.356 21
18,130 91

O N E ID A C O U N T Y

92.

T H E O N E ID A C O U N T Y S A V IN G S B A N K , R O M E

[178 W est Dominick stre e t; incorporated 1869]
CHAS. W. LEE, President.
A. E. W ETH E R B E E , Treasurer.
W. W. PARRY, Vice-President.
G. L. PRESCOTT, Secretary.
F. M. ORTON, Vice-President.

TRUSTEES
F. M. ORTON,
D. L GREEN FIELD,
».
HOW ARD C. W IGGIN S,
JOHN R, EDW ARDS,

W. W. PA RR Y ,
LAW RENCE CAREY,
AR TH U R J. W YLIE ,
D. W. W ARD W ELL,
CHARLES W. LEE.

JAMES P. OLNEY,
F. G. RATHBUN,
D. L. BRADT,
E. A. SMITH,

FIN AN CIAL
RESOURCES

Bonds and mortgages ............................................................................ $1 ,436 ,03 0 55
Stock and bond investments, viz.:
Par
S to c k s and bon ds
value
Cities in other States.........
$70,000 00
115,53000
Cities in this S tate...................
Towns in this State....................
25,00000
Villages in this State............
254,900 00
School districts in this State
27,525 00
Railroad mortgage bonds___
391,000 00
$883,955 00

Original
cost
$71,922
119,408
26,419
260,415
28,086
390,923

80
10
50
38
19
50

$897,175 47

Estimated
market value
$68,800 00
109,493 90
25,155 00
249,005 10
27,620 00
316,730 00
$796,804 00

796, 804 00

—
--------- ---------------- = = = = =
Banking house and lot, book value, $20,000; cost, $20,342.30;
actual cash value ................................................................................
Cash on deposit in banks or trust companies...............................
Cash on hand ...........................................................................................
Total of collectible interest...................................................................
Amount of all other assets, viz.:
Insurance premiums and taxes advanced......................
Bankers Engineering C om pany..........................................
Construction account ...........................................................
New York State barge canal judgm ent.........................

20, 000'
156,662
26,051
44, 331

00
59
83
82

$118 29
2,629 74
50 62
4,407 34

------------------

7,205 99
$2,487, 086~78

L IA B IL IT IE S

Amount due depositors, viz.:
Principal ................................................................................ $2,348,755 13
Dividends credited or to be credited fo r the six
months ending with December 31, 1915......................
39,843 92

------------------ $2, 388, 599 05
Surplus on market value ..................................................................... ............98, 487 73
$2 ,487,086 78
Surplus on par value, $185,638.73.
CASH TRANSACTIONS DURING THE YEA R 1915
R E CEIPTS

Cash on hand and in banks or trust companies January 1,
1915, before transactions of the day.............................................
From depositors, not including dividends credited....................
From interest on loans, deposits and investments........................
From rents from banking house.........................................................
From m ortgages.........................................................................................
From redemption of stocks and bonds.............................................
From stocks and bonds sold (total par value($33,000.00)-----[222]




$182, 169
502,985
113,230
426
88, 030
38,545
30,462

40
26
61
00
00
00
50

O n eida C o u n ty

223

From all other sources, viz.:
Correction o f interest to depositors................................
Interest on interest, m ortgages........................................
A ppraisals refunded ............................................................
Insurance premiums and taxes advanced, refun ded..
Hom e safes and desks sold .................................................
Refund, American Press A ssociation.............................

$0
142
4
681
11
6

07
16
00
91
40
33

------------------

$845 87
$956,694 64

PAYM ENTS

To depositors, including dividends paid to them.........................
For loans on bonds and mortgages...................................................
For interest (other than dividend payments to depositors) . .
For current expenses of the bank, viz.:
F or salaries .............................................................................
For taxes : Banking house, $315.79 ; surplus, $719.76 ;
on mortgages, $65.50............................................................
For expenses, except taxes, o f banking h o u se :
Repairs ...............................................................................
Insurance ..........................................................................
F or rent o f banking room s....................................................
For other expenses, not including expenses o f other
real estate nor other expenses o f banking hou se..

$632,397 05
121,665 00
606 50

$7,550 00
1,101 05
40 30
68 13
400 00
2,362 82

11,522 30
Other payments, viz.:
Insurance premiums and taxes advanced....................
C orrection o f interest to d epositors................................
L oss on m ortgage foreclosu re............................................
Bankers Engineering C om pany..........................................
C onstruction account .........................................................
New York State barge canal judgm ents purch ased...

$688 84
11 26
1 57
2,629 74
50 62
4,407 34

Cash on hand and in banks or trust companies December 31,
1915, after transactions of the day...............................................

7,789 37
182,714 42
$956,694 64

STATISTICAL INFORMATION
Number of open accounts January 1, 1916......................................
Number of accounts opened or reopened during the y e a r ....
Number of accounts closed during the year.................................
Amount deposited during the year, not including dividends
credited for that period.....................................................................
Amount withdrawn during the year.................................................
Amount of dividends credited and paid for the year, viz.:
July 1, 1915................................................................................
January 1, 1916........................................................................
Credited at other periods..................................................

$502,985 26
632,248 00

$39,759 89
39,843 92
149 05

Average amount of each account January 1, 1916......................
Rate per cent, of dividends to depositors during the six
months ending June 30, 1915............................................................
Rate per cent, of dividends to depositors during the six
months ending December 31, 1915.................................................
Total earnings of the bank for the year 1915, after allowing
for amortization of premiums and discounts.............................
Total expenses of the bank for the year 1915...............................
Dividends paid to depositors for the year 1915.............................
Net earnings for the year 1915 over expenses and dividends
paid to depositors ..............................................................................




7,534
741
790

79, 752 86
317 04
3%

3y
2
$112,178 17
11,522 30
79,752 86
20, 903 01

224

R eport on S avings B anks
93.

THE ROME SAVINGS BANK, ROME

[122 W est Dom inick stre e t; incorporated 1851]
SAMUEL H. BEACH. President.
JAM ES T. STONE, Treasurer.
HENRY BARNARD, S b ., Vice-President.
FRANK M. M ERTZ, Asst. Treas.
JAM ES A. BAILEY, Vice-President.
F . M. SHELLEY, Secretary.

TRUSTEES
SAMUEL II. BEACH.
HENRY BARNARD, Sb .
JOHN D. MCMAHON,
THEO. D. MOWRY,

JAMES M. ETH RIDGE,
C ARL SIMON,
FRED M. SHELLEY,
JAMES A. B A ILE Y ,
WESTON JENKINS.

JAMES A. SPARGO,
GEORGE A. CLYDE,
A. R. KESSINGER,
HOW ARD J. ROW LAND,

FIN AN CIAL
RESOURCES

Bonds and mortgages ....................
Stock and bond investments, viz.:

$2,088, 948 49

Par
value
$50,000 00
80,000 00
30,000 00
228,000 00
362,979 79
96,000 00
32,000 00
46,600 00
26,000 00
548,500 00

S ta ck s and b on d s

State o f New Y ork...............
State o f M assachusetts.........
State o f C alifornia.................
Cities in other States............
Cities in this State.................
Counties in this State..........
Towns in this State...............
Villages in this State............
S chool districts in this State
Railroad mortgage bonds----

$1,500,079 79

Original
Estimated
cost
market value
$52,500 00
$52,000 00
74.200 00
83,790 00
28,575 00
28.200 00
219,400 00
234,999 65
384,723 37
329,849 79
104,140 00
96,000 00
32,824 00
32,900 00
47,994 75
43,337 00
26,671 00
26,330 00
580,406 47
502,065 00
$1,576,124 24

$1,404,781 79

1,404,781 79
Banking house and lot, book value, $52,000; cost, $54,000;
actual cash value ................................................................................
Other real estate, book value, $1,118.15; cost, $1,118.15;
actual cash value ................................................................................
Cash on deposit in banks or trust companies.............................
Cash on hand ..............................................................................................
Total of collectible interest...................................................................
Amount of all other assets, viz.:
New York State barge canal judgm ents........................
Land contracts .....................................................................
Insurance premiums and taxes advanced......................

52,000 00
1,118
203,441
22,431
63,978

15
50
30
51

$9,202 28
4,500 00
584 52

14,286 80
$3,850 ,98 6 54
L IA B IL IT IE S

=

=

=

=

=

Amount due depositors, viz.:
Principal .................................................................................. $3,492,617 72
Dividends credited or to be credited fo r the six
months ending with December 31, 1915........................
59,208 48

------------------ $3, 551, 826 20
Surplus on market value .....................................................................
299, 160 34
$3 ,850 ,98 6 54
Surplus on par value, $394,458.34.
CASH TRANSACTIONS DURING THE YEA R , 1915
R E CEIPTS

Cash on hand and in banks or trust companies January 1,
1915, before transactions of the day............. ..............................
From depositors, not including dividends credited......................
From interest on loans, deposits and investments......................
From rents from banking house..........................................................
From m ortgages.........................................................................................
From redemption of stocks and bonds...............................................
From real estate sold ............................................................................
From all other sources, viz.:
W aste paper sold ...................................................................

Appraisals ...........................................................................




$5 60

24 90

$450,143
734,179
167,951
300
167,574
7,839
4,9 00

70
52
68
00
95
38
00

O n e id a

2 25

C ounty

Land contracts .....................................................................
Suspense account .................................................................
Insurance premiums and taxes advanced, refunded..

$1,000 00
333 20
343 16

$1,706 76
$1 ,534,595 99
PAYM ENTS

To depositors, including dividends paid to them........................
For loans on bonds and mortgages...................................................
For stocks and bonds purchased, including premiums, com­
missions, etc. (total par value, $100,094.94)...........................
For interest ( other than dividend payments to depositors) ..
For current expenses of the bank, viz.:
For salaries .............................................................................
F or taxes : Banking house, $617.58; surplus, $2,601.98 ;
on mortgages,$139.00............................................................
F or expenses, except taxes, o f banking h o u se :
Repairs ..............................................................................
Insurance .........................................................................
Other ..................................................................................
F or expenses o f other real estate, v i z .:
Repairs ...............................................................................
Taxes ..................................................................................
Other ..................................................................................
For other expenses, not including expenses o f other
real estate nor other expenses o f banking house..

$952,524 28
214,450 00
102,419 94
1, 365 38

$11,760 00
3,358 56
152 27
128 40
548 60
51 61
390 48
124 41
5,041 16

21,555 49
For real estate acquired by foreclosure, or in settlement of
debts due the bank ..............................................................................
Other payments, viz.:
Suspense account .................................................................
Insurance premiums and taxes advanced......................
New York State barge canal judgm ents purchased..
Land contracts .....................................................................
Loss on sale of real estate.................................................

$154
781
9,202
3,500
252

2,518 15

25
15
28
00
27

13,889 95
Cash on hand and in banks or trust companies December 31,
1915, after transactions of the day...............................................

225,872 80
$1,534,595 99

STATISTICAL INFORMATION
Number of open accounts January 1, 1916......................................
Number of accounts opened or reopened during the year.........
Number of accounts closed during the year.................................
Amount deposited during the year, not including dividends
credited for that period .....................................................................
Amount withdrawn during the year ...............................................
Amount of dividends credited and paid for the year, viz.:
July 1, 1915..............................................................................
January 1, 1916........................................................................
Credited at other periods....................................................




$734. 179 52
952, 524 28

$59,766 85
59,208 48
353 27

Average amount of each account January 1, 1916......................
Rate per cent, of dividends to depositors during the six
months ending June 30, 1915..........................................................
Rate per cent, of dividends to depositors during the six
months ending December 31, 1915...................................................
Total earnings of the bank for the year 1915, after allowing
for amortization of premiums and discounts...........................
Total expenses of the bank for the year 1915.................................
Dividends paid to depositors for the year 1915.............................
Net earnings for the year 1915 over expenses and dividends
paid to depositors ................................................................................
8

9, 714
1,255
1, 075

119, 328 60
366 77
3%

3y2
$169, 937 38
21 , 555 49
119, 328 60
29, 053 29

226

R eport on S ayings B anks
94.

T H E S A V I N G S B A N K OF U T I C A , U T I C A

[233 Genesee stre e t; incorporated 1839]
CHARLES A. M ILLER, President.
RUFUS P. BIR D SE YE , Treasurer.
THEODORE S. SAYRE, Vice-President.
HARRY A. H ILLSIN G ER , Secretary.

TRUSTEES
W IL L IA M KERNAN,
RUFUS P. BIRDSEYE,
THOMAS R. PROCTOR,
CHARLES A. M ILLER,

CHARLES S. SYMONDS.
FRAN K E. W H EELER,
THEODORE S. SAYRE,
HENRY H. COOPER,
N. E. DEVEREUX.

GEORGE L. CURRAN,
GEO. L. BRADFORD.
J. D e PE YST E R LYNCH,
CHARLES B. ROGERS,

FINANCIAL
RESOURCES

Bond and mortgages........................
Stock and bonds investments, viz.:

$8,300,532 92

Par
S to c k s and bon ds
value
$250,000 00
State o f New Y o rk ................
State o f M issouri...................
65,000 00
Cities in other States........... 1,749,100 00
Cities in this State................ 1,944,850 0 0
Counties in this state............
80,000 00
Towns in this S tate...............
99,900 00
293,123 86
Villages in this State............
School districts in this State
81,400 00
Railroad m ortgage b o n d s... 1,881,000 00
$6,444,373

86

Original
Estimated
cost
market value
$250,912 00
$250,000 00
64,311 07
65,000 00
1.754,452 00
1,815,518 60
2,080,195 07
1,968,357 00
79,500 00
78,790 00
103,261 63
99,600 00
300.245 61
289,385 66
84,257 95
82,166 00
2,045,731 02
1,827,530 00
$6,823,222 95

$6,415,990

66

- : = = .. =
- - ------ = Banking house and lot, book value, $93,000; cost, $249,203.30;
actual cash value..................................................................................
Other real estate, book value, $65,813.17; cost, $83,918.40;
actual cash value ................................................................................
Cash on deposit in banks or trust companies.................................
C ash

on

hand

....................................................................................................................................

93,000 00
65,813 17
1,925,420 55
1 0 1 ,9 6 2

Total of collectible interest...................................................................
Amount of all other assets, viz.:
Insurance premiums and taxes advanced......................
Suspense account .................................................................
New York State barge canal judgm ents.........................

6,4 1 5 ,9 9 0 66

73

197,816 78

$2,948 76
463 93
45,265 12

-------------------------------------- 48,677 81
$17,149,214 62

L IA B IL IT IE S

—

= =

=

Amount due depositors, viz.:
Prinicipal .............................................. ............................. -$15,190,381 44
Dividends credited or to be credited fo r the six
months ending with December 31, 1915 ......................
255,954 94

$15,446,336 38

Other liabilities, viz.:
Dividends accrued on deposits to January 1, 1916.......
Expenses incurred, hut unpaid :
Attorney’s fees ................................................................
Sundries ...........................................................................

$1,813 52
1,250 00
850 00

-----------------Surplus on market value.......................................................................

3,913 52
1,698,964 72
$17,149,214 62
Surplus on par value, $1,727,347.92.
-----CASH TRANSACTIONS DURING THE YEA R 1915
RECEIPTS

Cash on hand and in banks or trust companies January 1,
1915, before transactions of the day............. _............................. $1,369,816 47
From depositors, not including dividends credited......................
3 ,2 50,9 76 87
From interest on loans, deposits and investments........................
776,736 28
From mortgages .......................................................................................
371,823 53
From redemption of stocks and bonds...............................................
876,997 89
From stocks and bonds sold (total par value, $621,000)...........
533,665 73
From loans paid .......................................................................................
100,000 00
From all other sources, viz.:
Insurance premiums and taxes advanced, refunded..
Suspense account .................................................................
Interest sundries ...................................................................




$1,559 23
18
58 37

O n e id a
P r o f it
R ent
Land
R eal

C ounty

227
$105 00
26 42
1,700 00
3,363 94

a n d lo ss
......................
co n tra ct
e sta te . . .

-----------

$7,514 14
$7 ,287 ,53 0 91

PAYM ENTS

To depositors, including dividends paid to them........................... $3,857 ,97 0
For loans on bonds and mortgages......................................................
411,047
For stocks and bonds purchased, including premiums, commis­
sions, etc. (total par value, $860,735.24)....................................
856,006
For interest (other than dividend payments to depositors) . . . .
8,782
For current expenses of the bank, viz.:
F or salaries ...........................................................................
F or t a x e s : Banking house, $7,556.02 ; surplus, $15,092.94 ; on mortgages, $1,711...............................................
F or expenses, except taxes, o f banking h o u se:
Repairs ...............................................................................
I n s u r a n c e ..........................................................................
Other ..................................................................................
For expenses o f other real estate, v i z .: T axes..........
For other expenses, not including expenses o f other
real estate nor other expenses o f banking house..

23
00
02
92

$27,942 22
24,359 96
1,958
36
2,733
10

21
60
80
50

14,638 01

71,679 30
Other payments, v iz.:
Insurance premiums and taxes advanced.....................

Suspense account ..............................................................
Profit and loss......................................................................
Other real estate...................................................................
Interest sundries ...................................................................

Salaries taxed at source...................................................

New York State barge canal judgm ents purchased..

$3,923 77
729 21
16 40
4,571 40
96 26
60 00
45,265 12

54,662 16
Cash on hand and in banks or trust companies December 31,
1915, after transactions of the day...............................................

2,027,3 83 28
$772877530'91

STATISTICAL INFORMATION
Number of open accounts January 1, 1916......................................
33,613
Number of accounts opened or reopened during the year.........
5,355
Number of accounts closed during the year............. ......................
4,878
Amount deposited during the year, not including dividends
credited for that period..................................................................... $3,250,976 87
Amount withdrawn during the year...................................................
3,857,9 70 23
Amount of dividends credited and paid for the year v iz.:
July 1, 1915................................................................................
January 1, 1916.......... .............................................................
Credited at other p eriods..................................................

$257,625 48
255,954 94
8,475 55

Average amount of each account January 1, 1916......................
Number of accounts which exceeded $3,000, exclusive of divi­
dends credited, at the last trial balance of depositors’
ledgers, except deposits arising from society accounts, or
judicial sales, or trust funds, or by order of a court of
record or of a surrogate.......................................................................
Total amount of such accounts............................................................
Rate per cent, of dividends to depositors during the six
months ending June 30, 1915............................................................
Rate per cent, of dividends to depositors during the six
months ending December 31, 1915...................................................
Total earnings of the bank for the year 1915, after allowing
for amortization of premiums and discounts...........................
Total expenses of the bank for the year 1915..................................
Dividends paid to depositors for the year 1915.............................
Net earnings for the year 1915 over expenses and dividends
paid to depositors ................................................................................




522,055 97
467 10

4
$12,294 90
3%

3U
$722,072 66
72,208 47
522,055 97

127,808 22

ONONDAGA COUNTY
95.

ON O N D AG A C O U N T Y S A V IN G S B A N K , S Y R A C U S E

[101 South Salina stre e t; incorporated 1855]
HENRY M. ROWLING, President.
DOUGLAS E. P E T IT , Treasurer.
WM. D. DUNNING, Vice-President.
CH A R LE S A. HUDSON, Secretary.
ANSON N. PALM ER, Vice-President.
H U LBU RT D. ROSE, Auditor.

TRUSTEES
GEO. M. BARNES,
CHAS. E. C H A PPELL,
W. D. DUNNING,
CHARLES A. HUDSON,
SALEM HYDE,
A. E. M cCHESNEY,

T. WM. MEACHEM,
A. E. NETTLETON.
ANSON N. PALM ER,
HIRAM W. PLUMB,
JOHN R. CLANCY,

HENRY M. ROW LING,
ADOLPH H. SCHW ARZ,
CH A R LE S W. SNOW,
CHARLES L. STONE,
ED W AR D A. POW ELL,
DOUGLAS E. P E TT IT .

FINANCIAL
RESOURCES

Bonds and mortgages ..............................................................................$16,530,388 10
Stock and bond investments, v iz.:
S to ck s and bon ds

Cities in other States............
Cities in this State...............
Counties in this State..........
Towns in this State..............
Villages in this State............
Railroad mortgage b o n d s ....

P ar
value
750,000 00
2,780,000 0 0
45,000 00
25,200 0 0
25,000 00
4,357,000 0 0
$7,982,200 00

Original
Estimated
cost
market value
$776,172 75
$766,250 00
2,942,989 32
2,628,200 00
45,045 00
41,900 00
27,405 25
24,912 00
28,000 00
24,500 00
4,630,822 75
4,135,060 00
$8,450,435 07

$7,620,822 00

—
—
: ■ ■- - = ■-....... - - - - - Banking house and lot, book value, $760,000; cost, $860,445.08; actual cash value ................................................................
Other real estate, book value, $11,948.71; cost, $11,948.71;
actual cash value ................................................................................
Cash on deposit in banks or trust companies...............................
Cash on hand .............................................................................................
Total of collectible interest...................................................................
Amount of all other assets, v iz.:
Land contracts ......................................................................
Insurance premiums and taxes advanced......................
Rents accrued ........................................................................

7,6 20,8 22 00
760,000 00
11,948
1, 143, 101
130,392
459, 320

71
79
59
64

$63,009 58
9,033 93
4,567 29

76,610 80
$26,732, 584 63

L IA B IL IT IE S

Amount due depositors, viz.:
P rincipal ................................................................................ $24,064,192 20
Dividends credited or to be credited fo r the six
463,049 93
months ending with December 31, 1915.......................

—--------------- 24 ,527,242 13
Other liabilities, viz.: Treasurer’s checks outstanding...........
25,635 35
Surplus on market value.......................................................................
2,1 7 9 ,7 0 7 15
$26, 732, 584 63
= = = = = =

Surplus on par value, $2,541,085.15.

CASH TRANSACTIONS DURING THE YEA R 1915
R E CEIPTS

Cash on hand and in banks or trust companies January 1,
1915, before transactions of the day.............................................. $1, 163,077
5,9 6 0 ,7 6 3
From depositors, not including dividends credited....................
1.178,015
From interest on loans, deposits and investments......................
51,427
From rents from banking house..........................................................
659,460
From mortgages .........................................................................................
48, 100
From redemption of stocks and bonds............................................
600,004
From stocks and bonds sold (total par value, $ 6 4 0 ,0 0 0 ) ....
10, 000
From real estate sold..............................................................................
From all other sources, viz.:
Treasurer’s checks outstanding........................................
S a le o f l a w l i b r a r y ................................................................
Land contracts .....................................................................
Insurance premiums, taxes and repairs advanced,
refunded ...............................................................................




[228]

$51,975 58
2 ,0 0 0 0 0

1,760 00
8,078 96

71
11
38
42
83
00
68

00

O nondaga C o u n ty
Rents on other real estate heretofore so ld ...............
Advances fo r adjusting fire loss refunded.................
Unpaid drafts and treasurer’ s checks credited profit
and loss ..............................................................................

229
$775 00
300 00
186 71

------------------

$65,076 25
$9,735,925 38

PAYM EN TS

To depositors, including dividends paid to them........................ $6,175,227 90
For loans on bonds and mortgages...................................................
824,605 00
For stocks and bonds purchased, including premiums, com­
missions, etc. (total par value, $1,232,000).............................
1,226,435 50
For interest (other than dividend payments to depositors)..
13,071 61
For current expenses of the bank, viz.:
For salaries ...........................................................................
F or ta x e s : Banking house, $21,208.55 ; surplus, $18,445.96 .....................................................................................
F or expenses, except taxes, o f banking h o u se :
Repairs ..............................................................................
Insurance ..........................................................................
Other ..................................................................................
For expenses o f other real estate, viz. :
Repairs ...............................................................................
Taxes ..................................................................................
Other ..................................................................................
For other expenses, not including expenses o f other
real estate nor other expenses o f banking house..

$39,566 00
39,654 51
3,548 15
411 80
30,895 22
27 40
54
50 00

22

15,241 65

129,417 27
For real estate acquired by foreclosure, or in settlement of
debts due the bank..............................................................................
Other payments, viz.:
Treasurer’s checks outstanding........................................
Insurance premiums, repairs and taxes advanced___
Cash short ...............................................................................
Interest paid in error refunded........................................
Adjustm ent o f fire lo ss.......................................................
Service o f witness in law su it..........................................
Taxes on other real estate heretofore so ld ...................

24,937 96

$53,286 25
14,905 82
213 14
18 75
300 0 0
10 00
1 80

68,735 76
Cash on hand and in banks or trust companies December 31,
1915, after transactions of the day...............................................

1,273,494 38

$9,735, 925 38
STATISTICAL INFORMATION
Number of open accounts January 1, 1916......................................
53, 297
Number of accounts opened or reopened during the year.........
8, 144
Number of accounts closed during the year....................................
8, 205
Amount deposited during the year, not including dividends
credited for that period..................................................................... $5,960,763 11
Amount withdrawn during the year.................................................
6, 165, 576 57
Amount of dividends credited and paid for the year, viz.:
July 1, 1915...............................................................................
January 1, 1916........................................................................
Credited at other periods....................................................

$453,516 48
463.049 93
9,651 33

926,217 74
460 19
Average amount of each account January 1, 1916......................
Number of accounts which exceeded $3,000, exclusive of divi­
dends credited, at the last trial balance of depositors’
ledgers, except deposits arising from society accounts, or
judicial sales, or trust funds, or by order of a court of
record or of a surrogate.....................................................................
1
$3,155 12
Total amount of such accounts............................................................
Rate per cent, of dividends to depositors during the six months
ending June 30, 1915.........................................................................
4
Rate per cent, of dividends to depositors during the six months
ending December 31, 1915................................................................
4
Total earnings of the bank for the year 1915, after allowing
for amortization of premiums and discounts............................. $1, 220, 824 96
Total expenses of the bank for the year 1915...............................
131,195 94
Dividends paid to depositors for the year 1915...............................
926,217 74
Net earnings for the year 1915 over expenses and dividends
paid to depositors ................................................................................
163,411 28




230

R eport on S avings B anks
96.

S K A N E A T E L E S S A V IN G S B A N K , S K A N E A T E L E S

[Genesee s tre e t; incorporated 1866]
J. HORATIO EARLL, President.
EMERSON H. ADAM S, Treasurer.
J. C. STEPHENSON, Vice-President.
IT. WINSLOW THURLOW . Secretary.
W. F. CUDDEBACK, Vice-President.

TRUSTEES
J. HORATIO EARLL,
JOHN C. STEPHENSON,
W. F. CUDDEBACK,
EMERSON H. ADAMS,

GEO. D. CUDDEBACK,
D A V ID COLTON,
W ILDIAM T. THORNE,
CHARLES W. HUNT,
GEORGE SMITH.

FOREST G. W EEKS,
F. EUGENE STONE,
W ILLIA M LOCKWOOD,
CORNELIUS M ITCH ELL,

FIN AN CIAL
RESOURCES

Bonds and mortgages...............................................
Stock and bond investments, viz.:
S to c k s a n d

Par
value
$30,000 00
106,500 00
63,000 00
58,550 00
110,000 00

bonds

State o f New Y ork...............
Cities in this State...............
Villages in this S tate........
School districts in this State
R ailroad mortgage bonds----

$368,050 00

$751,784 74

Original
Estimated
cost
market value
$30,250 00
$30,600 00
107,135 69
106,365 00
63,650 00
62,874 00
58,593 83
57,531 50
101,557 91
83,300 00
$361,187 43

$340,670 50

340,670 50
Banking
actual
Cash on
Cash on
Total of
Amount

house and lot, book value, $9,500; cost, $13,591.31;
cash value.....................................................................................
deposit in banks or trust companies.................................
hand................................................................................................
collectible interest.....................................................................
of all other assets, viz.: Rents accrued.........................

9,500
139,629
12,484
18,309
81

00
86
92
77
50

$1,272,461 29
L IA B IL IT IE S

Amount due depositors, viz.:
Principal .................................................................................. $1,153,473 00
Dividends credited or to be credited fo r the six
m onths ending w ith December 31, 1915......................
21,968 48

------------------ $1,175,441 48
Surplus on market value.........................................................................
97,019 81
$1,272,461 29
Surplus on par value, $124,399.31.
CASH TRANSACTIONS DURING THE YEA R 1915
RECEIPTS

Cash on hand and in banks or trust companies January 1,
1915, before transactions of the day...............................................
From depositors, not including dividends credited........................
From interest on loans, deposits and investments.........................
From rents from banking house............................................................
From m ortgages.........................................................................................
From redemption of stocks and bonds...............................................

$113,977
622,847
57,277
326
46,775
18,750

16
33
77
00
00
00

$859,953 26
PAYM EN TS

To depositors, including dividends paid to them...........................
For loans on bonds and mortgages.....................................................
For stocks and bonds purchased, including premiums, commis­
sions, etc. (total par value, $2 3,00 0).............................................
For interest (other than dividend payments to depositors)___




$627,282 87
49,500 00
23,000 00
181 25

O nondaga C o u n ty

2 31

For current expenses of the bank, viz.:
F or salaries .............................................................................
F or taxes : Banking house, $175.82 ; surplus, $867.35.
F or expenses, except taxes, o f banking h o u se :
Repairs .............................................................................
Insurance ..........................................................................
F or other expenses, not including expenses o f other
real estate nor other expenses o f banking house..

$5,300 00
1,043 17
35 54
72 00
1,423 65

Cash on hand and in banks or trust companies December 31,
1915, after transactions of the day...............................................

$7,874 36
152, 114 78
$859,953 26

STATISTICAL INFORMATION
Number of open accounts January 1, 1916......................................
Number of accounts opened or reopened during the year...........
Number of accounts closed during the year......................................
Amount deposited during the year, not including dividends
credited for that period.......................................................................
Amount withdrawn during the year...................................................
Amount of dividends credited and paid for the year, viz.:
July 1, 1915..............................................................................
January 1, 1916........................................................................
Credited at other period s..................................................

$622,847 33
627,282 87

$21,392 15
21,871 32
294 63

Average amount of each account January 1, 1916........................
Rate per cent, of dividends to depositors during the six months
ending June 30, 1915............................................................................
Rate per cent, of dividends to depositors during the six months
ending December 31, 1915...................................................................
Total earnings of the bank for the year 1915, after allowing
for amortization of premiums and discounts.............................
Total expenses of the bank for the year 1915.................................
Dividends paid to depositors for the year 1915.............................
Net earnings for the year 1915 over expenses and dividends
paid to depositors..................................................................................




3,722 00
318 00
274 00

43.558 10
315 80
4
4
$57,397 00
7,874 36
43.558 10
5,964 54

R eport on S avings B anks

232
97.

S Y R A C U S E S A V IN G S B A N K , S Y R A C U S E

North Salina s tr e e t; incorporated 1849]
GEORGE DOHENY, President.
NICHOLAS PE TE R S, Vice-President.
FRAN CIS HENDRICKS, Vice-Pres.
W ILLIA M J. REID E L, Treasurer.
[1 0 2

TRUSTEES
JACOB AMOS,
F R E D ’K W. BAR KE R ,
A L EX A N D E R H. COWIE,
JOSEPH W. DAWSON,
J. FRAN K DURSTON,
GEORGE DOHENY,

ALAN C. FOBES,
W ALTE R E. GARDNER,
FR AN C IS HENDRICKS,
EDW ARD JOY,
W IL L IA M MUENCH,
DENNIS MCCARTHY,

A. JUDD NORTHRUP,
NICHOLAS PETERS,
W. J. RID D E LL,
W ING R. SM ITH,
DE FOREST SETTLE,
LEROY B. W ILLIAMS'.

FIN AN CIAL
RESOURCES

Bonds and mortgages..............................................................................
Stock and bonds investments, viz.:
iStacks a n d b o n d s

State of M ississippi..............
C it i e s in o t h e r S t a t e s ............
Cities in this State.................
Counties in this S tate..........
Towns in this State..............
Railroad mortgage bon ds___

P ar
value
$100,000
650,000
1,248,500
155,000
62,000
3,013,000

00
00

00
00
00
00

$5,228,500 00

$9,342,715 00

Original
Estimated
cost
market value
$100,125 00
$90,00000
678,425 73
628,97000
1,358,509 79
1,218,37000
153,972 76
149,03000
62,846 92
58,37000
3,063,297 35
2,629,39000
$5,417,177 55

$4,774,130 00

.... - - - ■
= = — =
Banking house and lot, book value, $267,019; cost, $423,569.97; actual cash value .................................................................
Cash on deposit in banks or trust companies...............................
Cash on hand ..............................................................................
Total of collectible interest...................................................................

4 ,7 7 4 ,1 3 0 00
267,019
522,472
64,788
73,782

00
52
31
86

$15,044,907 69
L IA B IL IT IE S

Amount due depositors, viz.:
Principal ................................................................................ $12,964,217 10
Dividends credited or to be credited fo r the six
m onths ending with December 31, 1915........................
251,600 74

------------------ $13,215,817 84

Other liabilities, viz.:
Deposits for application fees and searches..................
Treasurer’s and teller’s checks outstanding...............

$449 00
14,100 27

-------------------------------------- 14,549 27
Surplus on market value...........................................................................
1,814,540 58
$15,044,907 69
Surplus on par value, $2,268,910.58.
CASH TRANSACTIONS DURING THE YEA R 1915
RECEIPTS

Cash on hand and in banks or trust companies January 1,
1915, before transactions of the day............................................
From depositors, not including dividendscredited.......................
From interest on loans, deposits andinvestments..........................
From rents from banking house..........................................................
From rents from other real estate.....................................................
From m ortgages.........................................................................................
From redemeption of stocks and bonds..........................................
From real estate sold ............................................................................




$379,667
3,375,8 24
714,784
20,975
560
430,250
100,000
12,936

51
16
84
00
00
00
00
76

O nondaga C o u n ty

233

From all other sources, viz.:
Treasurer’s and teller’s checks issued........................... $1,339,843 31
Deposits fo r application fees and searches loaned___
5,848 0 0

------------------ $1,345,691 31
$6 ,380,689 58
PAYM ENTS

To depositors, including dividends paid to them........................... $3,438,387 88
For loans on bonds and mortgages....................................................
452,100 00
For stocks and bonds purchased, including premiums, com­
missions, etc. (total par value, $510,000).................................
476,984 05
For interest (other than dividend payments to depositors) . .
4,581 03
For current expenses of the bank, viz.:
F or salaries ...........................................................................
For taxes : Banking house, $6,108.50; surplus, $15,729.57 .....................................................................................
F or expenses, except taxes, o f banking h o u se :
Repairs ...............................................................................
Insurance .........................................................................
Other ..................................................................................
For rent o f banking room s.................................................
F or expenses o f other real estate,v i z .:
R epairs—
For other expenses, not including expenses o f other
real estate nor other expenses o f banking h o u se ...

$27,430 00
21,838 07
3,787 28
20 1 34
4,980 50
6,500 00
173 07
7,083 51

-------------------------------------- 71,993 77
For real estate acquired by foreclosure, or in settlement of
debts due the bank ...................................
5,936 76
Other payments, viz.:
Treasurer’ s and teller’ s checks p a id ................................ $1,337,896 26
A pplication fees refunded..................................................
1,276 00
Deposits fo r searches loaned refunded............................
4,273 0 0

-----------------Cash on hand and in banks or trust companies December 31,
1915, after transactions of the day.................................................

1,343,445 26
587,260 83
$6 ,380,689 58

STATISTICAL INFORMATION
Number of open accounts January 1, 1916......................................
26,015
Number of accounts opened or reopened during the year.........
3,335
Number of accounts closed during the year....................................
3,191
Amount deposited during the year, not including dividends
credited for that period..................................................................... $3,375 ,82 4 16
Amount withdrawn during theyear...................................................
3,438,3 87 88
Amount of dividends credited and paid for the year, viz.:
July 1, 1915...............................................................................
January 1, 1916........................................................................
Credited at other periods....................................................

$246,762 66
251,600 74
2,283 97

-----------------Average amount of each accountJanuary 1, 1916.......................
Rate per cent, of dividends to depositors during the six
months ending June 30, 1915......................................^ ..............
Rate per cent, of dividends to depositors during the six
months ending December 31, 1915.................................................
Total earnings of the bank for the year 1915, after allowing
for amortization of premiums and discounts...........................
Total expenses of the bank for the year 1915.................................
Dividends paid to depositors for the year 1915.. .........................
Net earnings for the year 1915 over expenses and dividends
paid to depositors ................................................................................




500,647 37
508 00
4
4
$685,529 01
71,993 77
500,647 37
112,887 87

O N T A R IO C O U N T Y

98

G E N E V A S A V IN G S B A N K , G E N E V A

[31 Seneca stre e t; Incorporated 1910]
JAM ES E. BROWN, President.
H. A. W H E A T, Vice-President. v
A. P. ROSE, Vice-President.
GEORGE D. W HEDON, Treasurer.

TRUSTEES
A L EX A N D E R D. ALLEN,
JAMES E. BROWN,
W IL L IA M G. DOVE.
FR ED E R IC K M. FAST,
JOHN C. F ITZW A TE R .
LANSING G. HOSKINS,

W H ITM AN H. JORDAN,
ALFR E D G. LEW IS,
GEORGE F. LICHT,
P A TR IC K O’M ALLEY,
CHARLES S. BU RRELL,
ARTH U R P. ROSE,
H. H. SC H IEFFELIN ,

THEODORE J. SM ITH.
ED W IN S. THORNE,
D. J. VAN AUKEN.
HENRY A. W H EAT,
GEORGE D. WHEDON,
THOMAS* B. W ILSON.

FIN AN CIAL
RESOURCES

Bonds and mortgages .........................
Stock and bond investments, viz.:

$529,070 00

Par
S t o c k s a n d "bonds
value
Cities in other States............
$35,000 00
Cities in this State....................
74,50000
Villages in this S tate............
45,500 00
School districts in this State
38,150 00
R ailroad mortgage bonds___
86,000 00
$279,150 00

Original
Estimated
cost
market value
$35,967 00
$35,000 00
75,193 38
76,695 00
46,157 11
46,065 00
39,265 05
39,225 00
82,967 51
78,740 00
$279,550 05

$275,725 00

275,725
111,048
3,735
8.636

Cash on deposit in banks or trust companies
Cash on hand............................................................
Total of collectible interest...............................
Amount of all other assets, viz.:
New York State barge canal judgm ents.........................
Banking house fu rn itu re......................................................

00
19
73
66

$4,692 96
852 53

5,545 49
$933,761 07
L IA B IL IT IE S

Amount due depositors, viz.:
Principal ................................................................................
Dividends credited o r to be credited fo r the six
months ending w ith December 31, 1915........................

$903,550 07
15,637 39

-----------------Surplus on market value.......................................................................

$919, 187 46
14,573 61
$933,761 07

Surplus on par value, $17,998.61.
CASH TRANSACTIONS DURING THE YE A R 1915
R E CEIPTS

Cash on hand and in banks or trust companies January 1,
1915, before transactions of the day..........................................
From depositors, not including dividends credited....................
From interest on loans, deposits and investments....................
From mortgages .........................................................................................
From redemption of stocks and bonds...............................................




[234]

$81,334
526, 924
38,383
45, 675
16,250

16
98
33
00
00

O ntario C o u n ty

235

From all other sources, viz.:
Banking house furniture so ld ..........................................
E xchange and cash ov er....................................................
A ccrued interest on New York State barge canal
judgm ents .............................................................................

$25 00
16 83
346

07

------------------

$387 90
$708,955 37

PAYM ENTS

To depositors, including dividends paid to them........................
For loans on bonds and mortgages...................................................
For stocks and bonds purchased, including premiums, com­
missions, etc. (total par value, $30,00 0).................................
For interest (other than dividend payments to depositors) . .
For current expenses of the bank, viz.:
F or salaries ...........................................................................
F or taxes on surplus...........................................................
F or rent on banking room s...............................................
F or other expenses, n ot including expenses o f other
real estate nor other expenses o f banking h ou se...

$401, 766 23
150,520 00
30, 200 00
441 98

$4,134 50
88 52
525 00
1,228 34

5,976 36
Other payments, viz.:
Banking house fu rn itu re......................................................
E xchange and cash sh ort....................................................
New York State barge canal judgm ents purchased..
Accrued interest on New York State barge canal
judgm ents .............................................................................

$223 27
4 58
4,692 96
346 07

5,266 88
Cash on hand and in banks or trust companies December 31,
1915, after transactions of the day...............................................

114,783 92
$708,955 37

STATISTICAL INFORMATION
Number o f o p e n a c c o u n t s J a n u a r y 1 , 1 9 1 6 . A ............................................
Number of accounts opened or reopened during the year. . . .
Number of accounts closed during the year.................................
Amount deposited during the year, not including dividends
credited for that period.....................................................................
Amount withdrawn during the year.................................................
Amount of dividends credited and paid for the year, viz.:
July 1, 1915...............................................................................
January 1, 1916........................................................................
Credited at other periods....................................................

$526,924 98
401,766 23

$12,747 03
15,631 76
155 58

Average amount of each account January 1, 1916.........................
Rate per cent, of dividends to depositors during the six months
ending June 30, 1915..........................................................................
Rate per cent, of dividends to depositors during the six months
ending December 31, 1915.................................................................
Total earnings of the bank for the year 1915, after allowing
for amortization of premiums and discounts.........................
Total expenses of the bank for the year 1915.............................
Dividends paid to depositors for the year 1915.............................
Net earnings for the year 1915 over expenses and dividends
paid to depositors................................................................................




4, 864
1, 640
1, 177

28.534 37
188 93
3 y 2 and 4
4
$39,493 65
6,080 10
28.534 37
4,8 79 18

ORANGE COUNTY

99.

THE

CORNW ALL

S A V IN G S

BANK,

C O R N W A L L -O N -T H E -H U D S O N

[Incorporated 1871]
TOW NSEND D. WOOD. President.
HENRY N. CLARK, Vice-President.
ROW7LAND COCKS, Vice-President.
G IL B E R T T. COCKS, Treasurer.

TRUSTEES
P A T R IC K BEVANS,
HENRY N. CLARK,
ROW LAND COCKS,
CH ARLES C. COCKS,

G ILB E RT T. COCKS.
H A RVEY A. CALL,
L. GRANT GOODNOUGH,
EDW ARD L. SYLCOX,

FRAN K E. V ICKERE,
TOWNSEND D. WOOD,
STEPHEN B. YOUNG,
GEORGE B. M A ILLE R .

FIN AN CIAL
RESOURCES

Bonds and mortgages................................................................................
Stock and bond investments, viz.:
P ar
value
$5,000
12,400
36,000

S to c k s an d bon ds

State o f V irgin ia....................
State o f C olorado...................
Cities in this iState...............
Towns in this State...............
Villages in this State............
School districts in this State
R ailroad mortgage bonds----

00
00
00
1 0 ,0 0 0 00
13,100 00
4,200 00
39,000 00

$119,700

00

$270,103 00

Original
Estimated
cost
market value
$4,516 50
$4,500 00
12,400 00
iO,912 00
36,974 74
36,690 00
1 0 ,0 0 0 00

13,272 29
4,200 00
39,790 29
121,153 82

1 0 ,1 2 0 00
12,999 00
4,284 00
31,250 00

$110,755

00

110,755 00
Banking house and lot, book value, $5,700; cost, $5,728.13;
actual cash value..................................................................................
Other real estate, book value, $250; cost, $250; actul cash value
Cash on deposit in banks or trust companies.............................
Cash on hand...............................................................................................
Total of collectible interest.....................................................................
Amount of all other assets, viz.: Safe, furniture and fixtures.

5,700
250
22,371
2,2 64
6,516
950

00
00
46
23
38
00

$418,910 07
L IA B IL IT IE S

Amount due depositors, viz.:
P rincipal ..................................................................................
Dividends credited o r to be credited fo r the six
months ending with December 31, 1915.........................

$392,867 02
7,534 85

-----------------Surplus on market value..........................................................................

$400,401 87
18,508 20
$418,910 07

Surplus on par value, $27,453.20.
CASH TRANSACTIONS DURING THE YEAR 1915
RECEIPTS

Cash on hand and in banks or trust companies January 1,
1915, before transactions of the day...............................................
From depositors, not including dividends credited........................
From interest on loans, deposits and investments........................
From rents from banking house..........................................................
From m ortgages......................................................................... ...............




[236]

$42,755
72,139
18,142
240
17,048

16
30
44
00
40

O range C o u n ty

2 37

PAYM EN TS

From redemption of stocks and bonds...............................................
From all other sources, viz.: Cash over........................................

$12,000 00
5 00
$162,330 30

To depositors, including dividends paid to them.............................
For loans on bonds and mortgages........................................................
For stocks and bonds purchased, including premiums, commis­
sions, etc. (total par value, $11,40 0).............................................
For current expenses of the bank, viz.:
F or salaries ...........................................................................
For ta x e s: Banking house, $49.22;surplus,$157.84...
F or expenses, except taxes, o f banking h o u se :
Repairs .............................................................................
Other ................................................................................
For expenses o f other real estate, v i z .: T axes..............
For other expenses, not including expenses o f other
real estate nor other expenses o f banking h ou se...

$85,037 72
39,500 00
11,400 00

$1,120 00
20706
18 20
61
3 02

12 2

286

00

-----------------Cash on hand and in banks or trust companies December 31,
1915, after transactions of the day.................................................

1,756 89
24,635 69
$162,330 30

STATISTICAL INFORMATION
Number of open accounts January 1, 1916......................................
Number of accounts opened or reopened during the year.........
Number of accounts closed during the year...............................
Amount deposited during the year, not including dividends
credited for that period.....................................................................
Amount withdrawn during the year...................................................
Amount of dividends credited and paid for the year, viz.:
July 1, 1915...............................................................................
January 1, 1916........................................................................

$72,139 30
85,037 72

$7,450 11
7,534 85

Average amount of each account January 1, 1916.........................
Rate per cent, of dividends to depositors during the six months
ending June 30, 1915............................................................................
Rate per cent, of dividends to depositors during the six months
ending December 31, 1915.................................................................
Total earnings of the bank for the year 1915, after allowing
for amortization of premiums and discounts.............................
Total expenses of the bank for the year 1915..................................
Dividends paid to depositors for the year 1915.............................
Net earnings for the year 1915 over expenses and dividends
paid to depositors..................................................................................




1,359
178
154

14.984 96
294 63
4

4
$19,029 86
1,756 89
14.984 96
2,2 88 01

R eport on S avings B anks

238
100.

G O SH E N S A V IN G S B A N K , G O SH E N

[11 W est Main s tr e e t; incorporated 1871]
W. D. VAN VLIET, President.
W IL L IA M K N IFFIN , Vice-President.

AARON V. D. W ALLACE, Vice-President
HENRY B. KNIGHT, Treasurer.

TRUSTEES
FRAN K DRAKE,
SENECA JESSUP,
W IL L IA M KN IFFIN.
HENRY B, KNIGHT,

RALPH L. McGEOCH,
THOM AS MOULD,
EDW IN L. ROYS,
WM. D. VAN V L IE T ,
AARON V. D. W ALLACE.

G. H. BENNETT,
W ILLIA M A. W ELLS,
HARRY B. SM ITH.
JOSEPH M E R R IT T ,

FIN AN CIAL
RESOURCES

Bonds and mortgages................................................................................
Stock and bond investments, viz.:
Par
value
$100,600 00
39,000 00
118,500 00
51,500 00
221,500 00

Original
Estimated
cost
market value
$103,476 06
$98,058 00
41,169 38
41,265 00
120,815 30
122,125 00
52,514 90
52,120 00
221,386 25
187,745 00

$531,100 00

S to c k s and bon ds

Cities in this State...............
Towns in this State..............
V illages in this State............
School districts in this State
R ailroad m ortgage bonds—

$539,361 89

$945,700 00

$501,313 00

- — - --------------■ ■
Cash on deposit in banks or trust companies.................................
Cash on hand................................................................................................
Total of collectible interest.....................................................................

501,313
29,419
10,567
20,712

00
91
88
35

$1 ,507 ,71 3 14
L IA B IL IT IE S

Amount due depositors, viz.:
P rincipal .................................................................................. $1,412,253 15
Dividends credited or to be credited fo r the six
m onths ending with December 31, 1915......................
26,913 32

------------------ $1,439 ,16 6 47
Surplus on market value..........................................................................
68,546 67
$1 ,507,713 14
Surplus on par value, $98,333.67.
CASH TRANSACTIONS DURING THE YEA R 1915
R E CEIPTS

Cash on hand and in banks or trust companies January 1,
1915, before transactions of the day...............................................
From depositors, not including dividends credited......................
From interest on loans, deposits and investments.........................
From mortgages .........................................................................................
From redemption of stocks and bonds...............................................

$82,115
318,209
65,696
78,650
20,600

78
16
91
00
00

$565,271 85
PAYM EN TS

To depositors, including dividends paid to them.............................
For loans on bonds and mortgages.....................................................
For stocks and bonds purchased, including premiums, commis­
sions, etc. (total par value, $40,00 0).............................................
For interest (other than dividend payments to depositors) . . . .




$320,828 76
155,800 00
41,925 00
94 71

O range C o u n ty

239

For current expenses of the bank, viz.:
F or salaries ...........................................................................
For taxes on surplus............................................................
F or rent o f banking room s.................................................
For other expenses, not including expenses o f other
real estate nor other expenses o f banking h o u se...

$4,500 00
492 95
480 00
1,162 64

$6, 635 59
Cash on hand and in banks or trust companies December 31,
1915, after transactions of the day...............................................

39,987 79
$565,271 85

STATISTICAL INFORMATION
Number of open accounts January 1, 1916......................................
Number of accounts opened or reopened during the year...........
Number of accounts closed during the year....................................
Amount deposited during the year, not including dividends
credited for that period.......................................................................
Amount withdrawn during the year...................................................
Amount of dividends credited and paid for the year, viz.:
July 1, 1915..............................................................................
January 1, 1916........................................................................
Credited at other periods..................................................

$318,209 16
320,828 76

$26,326 25
26,897 86
15 46

Average amount of each account January 1, 1916......................
Rate per cent, of dividends to depositors during the six months
ending June 30, 1915............................................................................
Rate per cent, of dividends to depositors during the six months
ending December 31, 1915...................................................................
Total earnings of the bank for the year 1915, after allowing
for amortization of premiums and discounts.............................
Total expenses of the bank for the year 1915.................................
Dividends paid to depositors for the year 1915.............................
Net earnings for the year 1915 over expenses and dividends
paid to depositors..................................................................................




3,345
459
462

53.239 57
430 24
4
4
$67,343 50
6,635 59
53.239 57
7,468 34

240

R eport on S avings B anks
101.

M ID D L E T O W N S A V IN G S B A N K , M ID D L E T O W N

[2 South s tr e e t; incorporated 1866]
GEO. A. SWAYZE, President.
HAROLD B. WOODWARD, Treasurer.
JAM ES A. CLARK, Vice-President.
JAMES F. DOLSON, Asst. Treas.
EDMUND M ILLEN, Vice-President,
CHAS. B. BUCKLEY, Asst. Secy.

TRUSTEES
EDMUND MILLEN,
JOHN E. ISEMAN,
JAM ES A. CLARK,
JOHN W. SLAUSON,

EDW ARD CANFIELD,
CHARLES L. MEAD,
GEORGE A. SWAYZE,

GEORGE W. BALLOU.
JAM ES E. GIBBS,
JAM ES H. SMITH,
H. B. W OODWARD.

FIN AN CIAL
RESOURCES

Bonds and mortgages.............................................................................. $3 ,020 ,13 0 ()0
Stock and bond investments, viz.:
Par
value
$75,000 0 0
245,956 00
478,000 0 0
105,000 00
51,500 00
178,000 00
52,000 00
708,000 00

S to c k s and bon ds

State o f M assachusetts.........
Cities in other States............
Cities in this S tate...............
Counties in this State..........
Towns in this S tate...............
Villages in this S tate............
School districts in this State
Railroad mortgage b o n d s ....

$1,953,456

00

Original
Estimated
cost
market value
$82,687 50
$69,000 00
251,002 16
247,769 68
501,089 89
478,350 00
108,150 00
96,600 00
51,500 00
49,435 00
186,290 73
180,575 00
52,291 13
52,980 00
780,870 00
689,410 0 0
$2,013,881 41

$1,864,119

68

------------------ =
_
----------Banking house and lot, book value, $21,345.30; cost, $26,284.98; actual cash value.........................................................................
Other real estate, book value, $150,143.21; cost, $151,481.69;
actual cash value..................................................................................
Cash on deposit in banks or trust companies.................................
C ash

on

1,864,119 (]8
25,000 C 0
>
151,000 Qo
329,729 52

h a n d .......................................................................................................................................

3 0 ,7 6 4

Total of collectible interest...................................................................
Amount of all other assets, viz.:
Rents accrued ......................... .....................
New York State barge canal judgments

58

59,028 S 2
&

$670 00
6,409 51
-------------

7 ,0 7 9

51

$5,486,851 37
L IA B IL IT IE S

Amount due depositors, viz.:
Principal .................................................................................. $5,151,348 89
Dividends credited or to be credited fo r the six
m onths ending with December 31, 1915.......................
98,750 02

------------------ $5,250 ,09 8 91
236,752 40
Surplus on market value.........................................................................
$5,486,851 3l
Surplus on par value, $326,088.72.
CASH TRANSACTIONS DURING THE YEA R 1915
RE C E IPTS

Cash on hand and in banks or trust companies January 1,
1 9 1 5 , before transactions of the day...............................................
From depositors, not including dividendscredited.......................
From interest on loans, deposits andinvestments.........................
From rents from banking house..........................................................
From rents from other real estate.....................................................
From mortgages .......................................................................................
From redemption of stocks and bonds...............................................
From stocks and bonds sold (total par value, $ 1 4 , 0 0 0 ) .............




$ 3 9 7 ,8 4 4
1 , 1 3 7 ,7 5 4
2 3 5 ,9 2 4
420
7 ,8 3 5
4 8 ,4 7 0
4 6 ,5 0 0
1 4 ,2 0 5

86
02
74
Qo
50
Q0
Qo
03

$ 1 ,8 8 8 ,9 5 4 75

241

O range C o u n ty
PAYM EN TS

To depositors, including dividends paid to them........................... $1 ,098,163 30
For loans on bonds and mortgages.....................................................
110,300 00
For stocks and bonds purchased, including premiums, commis­
sions, etc.
(total par value, $302,456)........................................
290,145 63
For interest (other than dividend payments to depositors) . . . .
3,013 23
For current expenses of the bank, viz.:
F or salaries ...........................................................................
For taxes : Banking house, $372.70; surplus, $1,870.79 ;
on mortgages, $246 ........................................................
For expenses, except taxes, o f banking h o u se : Re­
pairs ......................................................................................
F or expenses o f other real estate, v i z .:
Insurance ..........................................................................
Taxes ..................................................................................
For other expenses, not including expenses o f other
real estate nor other expenses o f banking hou se..

$10,630 00
2,489 49
69 82
665 64
3,085 50
3,539 60

-------------------------------------- 20,380 05
Other payments, viz.:
A dditional dividends to depositors..................................
Variations in cash ..............................................................
New York State barge canal judgm ents purchased..

$21 19
27 94
6,409 51

-------------------------------------- 6,458 64
Cash on hand and in banks or trust companies December 31,
1915, after transactions of the day.................................................
360,493 90
$1 ,888 ,95 4 75
STATISTICAL INFORMATION
Number of open accounts January 1, 1916......................................
12,778
Number of accounts opened or reopened during the year...........
1,620
Number of accounts closed during the year......................................
1,428
Amount deposited during the year, not including dividends
credited for that period..................................................................... $1 ,137,754 02
1,098,163 30
Amount withdrawn during the year...................................................
Amount of dividends credited and paid for the year, viz.:
July 1, 1915..............................................................................

$95,817 26

J an u ary 1, 1916......................................................................................

98,750 02

-----------------Average amount of each account January 1, 1916........................
Rate per cent, of dividends to depositors during the six months
ending June 30, 1915............................................................................
Rate per cent, of dividends to depositors during the six months
ending December 31, 1915...................................................................
Total earnings of the bank for the year 1915, after allowing
for amortization of premiums and discounts.............................
Total expenses of the bank for the year 1915.................................
Dividends paid to depositors for the year 1915.............................
Net earnings for the year 1915 over expenses and dividends
paid to depositors..................................................................................




194,567 28
410 87
4
4
$248,586 84
20,429 18
194,567 28
33,590 38

R eport on S avings B anks

242
102.

NEWBURGH

S A V IN G S

BANK, NEWBURGH

[40 Smith street; incorporated 1852]
THOM AS E. BALFE. President.
F. W. SENFF, Vice-President.
WM. O. M AILLER, Vice-President.

FR ED ER IC K E. BA LFE , Treasurer.
W ARREN F. DICKEY, Asst. Treas.
ISAAC C. CHAPMAN, Secretary.

TRUSTEES
THOMAS F. B ALFE,
ISAAC C. CHAPMAN,
W IL L IA M O. M AILLER,
JOSEPH CHADW ICK,

A. Y. W ELLE R ,
GEORGE W. GREEN,
F. W. SENFF.
W ILLIA M F. CASSEDY,
THOS. F. CHADW ICK.

S. V. SCHOONMAKER,
F R E D ’ K C. BALEE,
JOHN T. HOW ELL,
HIRAM M E RR ITT,

FIN AN CIAL
RESOURCES

Bonds and mortgages.............................................................................. $8,266,722 75
Stock and bond investments, viz.:
Par
S to c k s and bon d s
value
State o f New Y ork ..............
$100,000 00
State o f M assachusetts.........
115,000 00
Cities in other S tates............
565,500 00
Cities in this State............... 3,399,560 00
Counties in this State............
541,54S 01
85,000 00
Towns in this State...............
School districts in this State
1 2 ,0 0 0 00
$4,818,608 01

Banking
actual
Cash on
Cash on
Total of

Original
Estimated
cost
market value
00
$102,000 00
119,600 00
111,550 00
615,876 80
571,705 00
3,676,160 84
3,455,446 00
574,029 81
539,888 01
86,154 50
85,130 00
12,000 00
12,000 00
$ 100,000

$5,183,821 95

$4,877,719 01

---------— = = = = =
■
house and lot, book value, $30,000; cost, $115,527.16;
cash v a lu e ................................................................................
deposit in banks or trust companies.................................
hand...............................................................................................
collectible interest.....................................................................

4,8 77,7 19 01
30,000
872,450
24,502
173,138

00
10
85
59

$14,244,533 30
L IA B IL IT IE S

Amount due depositors, viz.:
Principal ................................................................................. $12,173,164 70
Dividends credited or to be credited fo r the six
m onths ending with December 31, 1915......................
237,235 09

------------------ $12,410,399 79
Surplus on market value.......................................................................... 1,834,1 33 51
$14,244,533 30
Surplus on par value, $1,775,022.51.
CASH TRANSACTIONS DURING THE YEAR 1915
RE C E IPTS

Cash on hand and in banks or trust companies January 1,
1915, before transactions of the day............................................... $1 ,199 ,87 0 27
From depositors, not including dividends credited......................
1,433,748 56
From interest on loans, deposits and investments.........................
637,894 36
From rents from banking house............................................................
1,755 96
From mortgages .......................................................................................
876,250 00
From redemption of stocks and bonds......... .....................................
585,540 00




$4,735,059 15

243

O range C ounty
PAYM EN TS

To depositors, including dividends paid to them......................... $2,047,091 80
1,482,350 00
For loans on bonds and mortgages........................................................
For stocks and bonds purchased, including premiums, commis­
260,000 00
sions, etc. (total par value, $260,000)..........................................
766 97
For interest (other than dividend payments to depositors)-----For current expenses of the bank, viz.:
F or salaries ...........................................................................
F or ta x e s : Banking house, $1,149.69 ; surplus,
$16,675.47 ................................................................................
F or expenses, except taxes, o f banking h o u se :
Repairs ..............................................................................
Insurance ..........................................................................
Other ..................................................................................
For other expenses, not including expenses o f other
real estate nor other expenses o f banking h o u se ...

$26,550 00
17,825 16
108 27
186 19
375 85
2,601 96

47,647 43
Other payments, viz.: Adjustment of dividends on dormant
account ......................................................................................................
Cash on hand and in banks or trust companies December 31,
1915, after transactions of the day.................................................

250 00
896,952 95
$4 ,735 ,05 9 15

STATISTICAL INFORMATION
Number of open accounts January 1, 1916......................................
18,657
Number of accounts opened or reopened during the year...........
1,282
Number of accounts closed during the year....................................
1,616
Amount deposited during the year, not including dividends
credited for that period....................................................................... $1,433 ,74 8 56
Amount withdrawn during the year...................................................
2 ,0 47,0 91 80
Amount of dividends credited and paid for the year, viz.:
July 1, 1915...............................................................................
January 1, 1916........................................................................

$237,601 97
237,235 09

Average amount of each account January 1, 1916.........................
Rate per cent, of dividends to depositors during the six months
ending June 30, 1915............................................................................
Rate per cent, of dividends to depositors during the six months
ending December 31, 1915...................................................................
Total earnings of the bank for the year 1915, after allowing
for amortization of premiums and discounts.............................
Total expenses of the bank for the year 1915.................................
Dividends paid to depositors for the year 1915.............................
Net earnings for the year 1915 over expenses and dividends
paid to depositors..................................................................................




474.837 06
665 18
4
4
$625,430 23
47,897 43
474.837 06
102,695 74

2 44

R eport on S avings B anks
103.

W A L D E N S A V IN G S B A N K , W A L D E N

[ Corner Ulster avenue and Bank s tr e e t; incorporated 1872]
HIRAM B. WOOSTER, President.
THERON L. M ILLSPAUG H, Vice-Pres.

E L IAS M ULFORD, Vice-President.
CHARLES W. SA D LIER , Treasurer.

TRUSTEES
T. L. M ILLSPAUGH,
HIRAM B. WOOSTER,
A L B E R T S. EM BLER,
SIMON VERNOOY,

E L IAS M ULFORD,
E DW ARD W H ITE H E AD ,
CHARLES W. SADLIER,
R. A. DEM AREST,
C. F R ED FOW LER.

HARVEY N. SM ITH,
SAMUEL ANDREW S,
JOHN SIMPSON,
JOHN AHRENS.

FIN AN CIAL
RESOURCES

Bonds and mortgages................................................................................
Stock and bond investments, viz.:
S to c k s and bon ds

State o f M assachusetts.........
Cities in other States............
Cities in this State...............
Counties in this S tate............
Towns in this S tate...............
Villages in this S tate............
School districts in this State
Railroad mortgage bonds___

P ar
value
$5,000 00
40,000 00
77,000 00
15,000 00
49,000 00
91,500 00
27,700 00
70,000 00
$375,200 00

$635,304 00

Original
Estimated
cost
market value
$5,637 50
$4,650 00
42,606 48
41,000 00
79,031 10
73,970 00
14,900 00
16,347 65
50,420 52
47,970 00
93,642 55
89,490 00
28,698 22
28,162 00
68,425 00
56,650 00
$384,809 02

$356,792 00

356,792 00
Banking house and lot, book value, $19,000; cost, $19,262.54;
actual cash value..................................................................................
Cash on deposit in banks or trust companies.................................
Cash on hand................................................................................................
Total of collectible interest........... .......................................................
Amount of all other assets, viz.: Land contract.............................

19,000
51,975
12,345
17,754
1,500

00
49
33
54
00

$1,094,671 36
L IA B IL IT IE S

Amount due depositors, viz.:
Principal ..................................................................................
Dividends credited or to be credited fo r the six
months ending with December 31, 1915........................

$986,339 78
18,265 56

------------------ $1 ,004,605 34
Surplus on market value.........................................................................
90,066 02
$1,094,671 36
Surplus on par value, $108,474.02.
CASH TRANSACTIONS DURING THE YEA R 1915
R E CEIPTS

Cash on hand and in banks or trust companies January 1,
1915, before transactions of the day...............................................
From depositors, not including dividends credited......................
From interest on loans, deposits and investments........................
From mortgages .......................................................................................
From redemption of stocks and bonds...............................................
From all other sources, viz.:
Land contracts .........*.........................................................
From mortgagor fo r privilege o f paying before d u e ..




$68,350
248,655
48,112
44,300
30,945

60
54
82
00
41

?100 00
125 00

225 00
$440,589 37

245

O range C ounty
PAYM EN TS

To depositors, including dividends paid to them...........................
For loans on bonds and mortgages........................................ ...............
For stocks and bonds purchased, including premiums, commis­
sions, etc. (total par value, $18,068.36)......................................
For current expenses of the bank, viz.:
For salaries ...........................................................................
F or ta x e s : Banking house, $201.55 ; surplus, $811.17;
on mortgages, $146.50 ............................................. .........
For expenses, except taxes, o f banking h o u s e :
Repairs ..............................................................................
Insurance ..........................................................................
Other ..................................................................................
For other expenses, not including expenses o f other
real estate nor other expenses o f banking h ou se...

$274,729 26
77,550 00
18,068 36

$3,800 00
1,159 22
38 60
84 00
280 92
558 19

5 920 93
Cash on hand and in banks or trust companies December 31,
1915, after transactions of the day...............................................

64,320 82
$440,589 37

STATISTICAL INFORMATION
Number of open accounts January 1, 1916......................................
Number of accounts opened or reopened during the year...........
Number of accounts closed during the year......................................
Amount deposited during the year, not including dividends
credited for that period.......................................................................
Amount withdrawn during the year...................................................
Amount of dividends credited and paid for the year, viz.:
July 1, 1915........................................ ......................................
January 1, 1916........................................................................

$248,655 54
274,729 26

$18,023 05
18,265 56

Average amount of each account January 1, 1916......................
Rate per cent, of dividends to depositors during the six months
ending June 30, 1915.........................................................................
Rate per cent, of dividends to depositors during the six months
ending December 31, 1915................................................................
Total earnings of the bank for the year 1915, after allowing
for amortization of premiums and discounts.............................
Total expenses of the bank for the year 1915.................................
Dividends paid to depositors for the year 1915.............................
Net earnings for the year 1915 over expenses and dividends
paid to depositors............................... ...............................................




3,231
417
325

36.288 61
310 92
3 &4
3 &4
$48,268 64
5,920 93
36.288 61
6,059 10

R eport on S avings B anks

246
104.

T H E W A R W IC K S A V IN G S B A N K , W A R W IC K

[M ain stre e t; incorporated 1875]
JOHN SAYER. President.
THOMAS W ELLING. Vice-President.

W ILB U R C. LAZEAR, Vice-President.
JOSEPH E. V. M ILLE R , Treasurer.

TRUSTEES
JOHN SAYER,
JOS. E. V. M ILLE R ,
THOM AS WELLING.
W ILBU R C. LAZE A R ,

BENJ. F. V A IL,
HENRY PELTON,
JOHN W. SANFORD,
JOEL H. CRISSEY,
MORRIS RU THERFURD.

C L IFFO R D S. B E A TT IE ,
JOHN B. BRADNER,
FRED C. CARY,
W. B. VAN DEVOORT,

FIN AN CIAL
RESOURCES

$633,315 00

Bonds and mortgages............................................
Stock and bond investments, viz.:
Par
value
$1 2 ,0 0 0
138,000

S to c k s and bon d s

Cities in other States............
Cities in this S tate...............
Counties in this S ta te..........
Towns in this S tate...............
Villages in this S tate............
School districts in this State
Railroad mortgage bonds___

00
00
2 0 ,0 0 0 00
34,000 00
142,350 00
58,000 00
252,000 0 0

$656,350

00

Original
Estimated
cost
market value
$12,227 50
$11,960 00
138,690 00
157,251 88
19,800 00
23,500 00
35,329 00
33,730 00
140,879 50
67
146,585
58,922 98
58,560 0 0
249,890 60
227,280 0 0
$683,707 63

$630,899 50

630,899
116,574
385
16,254
4,671

Cash on deposit in banks or trust companies. . . .
Cash on hand.....................................................................
Total of collectible interest........................................
Amount of all other assets, viz.: Land contract

50
62
65
54
25

$1 ,402,100 56
L IA B IL IT IE S

Amount due depositors, viz.:
Principal ................................................................................ $1,301,231 76
Dividends credited o r to be credited fo r the six
months ending with December 31, 1915......................
24,158 78

------------------ $1 ,325 ,39 0 54
Surplus on market value.......................................................................
76,710 02
$1,402,100 56
Surplus on par value, $102,160 52.
CASH TRANSACTIONS DURING THE YEA R 1915
R E CEIPTS

Cash on hand and in banks or trust companies January 1,
1915, before transactions of the day.............................................
From depositors, not including dividends credited......................
From interest on loans, deposits and investments........................
From mortgages .......................................................................................
From redemption of stocks and bonds...............................................
From real estate sold..............................................................................
From all other sources, viz.:
Profit and loss........................................................................
Interest on land con tra ct....................................................




$109,029
214,922
63,285
54,725
24,200
78

12
50
92
00
00
75

$0 09
71 25

-------------------------------------- 7134

$466,312 63

247

O range C ou nty
PAYM EN TS

To depositors, including dividends paid to them...........................
For loans on bonds and mortgages...................................................
For stocks and bonds purchased, including premiums, commis­
sions, etc. (total par value,$13,00 0)..........................................
For interest (other than dividendpayments to depositors) . . . .
For current expenses of the bank, viz.:
F or salaries ...........................................................................
F or ta x es; Surplus..............................................................
F or rent o f banking room s.............................................
F or other expenses, not including expenses o f other
real estate nor other expenses o f banking house..

$289,468 85
37,600 00
11,908 45
132 70

$4,400 0 0
582 29
300 00
556 22

-------------------------------------- 5,838 51
For real estate acquired by foreclosure, or in settlement of
debts due the bank................................................................................
4,403 85
Cash on hand and in banks or trust companies December 31,
1915, after transactions of the day...............................................
116,960 27
$466,312 63
STATISTICAL INFORMATION
Number of open accounts January 1, 1916......................................
Number of accounts opened or reopened during the year...........
Number of accounts closed during the year.................................
Amount deposited during the year, not including dividends
credited for that period.......................................................................
Amount withdrawn during the year...................................................
Amount of dividends credited and paid for the year, viz.:
July 1, 1915...............................................................................
January 1, 1916........................................................................

3,605
291
316
$214,922 50
289,468 85

$24,332 91
24,158 78

Average amount of each account January 1, 1916.........................
Rate per cent, of dividends to depositors during the six months
ending June 30, 1915.........................................................................

48.491 69
367 65
3 &4

Rate per cent, of dividends to depositors during the six months
ending December 31, 1915.....................................................................
Total earnings of the bank for the year 1915, after allowing
for amortization of premiums and discounts.............................
Total expenses of the bank for the year 1915.................................
Dividends paid to depositors for the year 1915.............................
Net earnings for the year 1915 over expenses and dividends
paid to depositors..................................................................................




3&4
$61,975 02
5,838 51
48.491 69
7,6 44 82

OSWEGO COUNTY
105.

F U L T O N S A V IN G S B A N K , F U L T O N

[75 South First s tr e e t; incorporated 1871]
WM. J. LOVE JOY, President.
GEO. D. CHAUNCEY, Vice-President.
W ATSON A. BUTTS, Vice-President.

H ARRY L. STOUT, Treasurer.
CAMERON C. BENEDICT, Secretary.

TRUSTEES
GILES S. PIPE R ,
W IL L IA M J. LOVEJOY,
GEORGE P. W ELLS,
H. PUTNAM ALLEN,
CAMERON C. BENEDICT.
EDW IN F. PALM ER,

AR TH U R G. G ILB E RT,
H ARRY L. STOUT,
W ATSON A. BUTTS,
ELMER E. M ORRILL,
GEORGE E. TRUE,

H E R B E R T J. W ILSON,
GEORGE G. CHAUNCEY,
A L B E R T I. MORTON,
FR AN K W. LASH ER.
JOHN R. SULLIVAN,
W IL L IS P. MORIN.

FIN AN CIAL
RESOURCES

Bonds and mortgages ............................................................ .................
Stock and bond investments, viz.:
Par
value
$25,000
8,500
225,500
10,000
20,000
159,400
31,600
191,000

S to c k s and b o n d s

State o f New Y ork...............
Cities in other States............
Cities in this State...............
Counties in this State............
Tow ns in this S tate..............
Villages in this State............
School districts in this State
R ailroad mortgage bonds----

00
00
24
00
00
00
00
00

$671,000 24

$1 ,578 ,28 6 09

Original
Estimated
cost
market value
$26,062 50
$26,500 00
8,542 50
8,678 50
232,841 70
222,700 24
10,323 00
10,200 00
20,058 13
20,650 00
160,147 00
162,237 44
31,152 00
32,505 01
209,411 15
189,320 00
$702,117 43

$669,211 74

669,211 74
Banking house and lot, book value, $28,812.50; cost, $30,647;
actual cash value ............................................................ ...................
Cash on deposit in banks or trust companies...............................
Cash on hand ..............................................................................................
Total of collectible interest...................................................................
Amount of all other assets, viz.:
Land contracts ...................................................................
Taxes advanced ...................................................................
Safes, furniture, e tc .............................................................

28,812
208,003
28,071
42,963

50
44
76
54

$1,300 00
665 33
5,530 00

7,495 33
$2 ,562 ,84 4 40
L IA B IL IT IE S

-------- ■

Amount due depositors, viz.:
P rincipal ................................................................................ $2,343,585 83
Dividends credited o r to be credited fo r the six
months ending with December 31, 1915......................
44,955 04

------------------ $2,388 ,54 0 87
Other liabilities, viz.: Money held as security for abstracts
loaned ........................................................................................................
40 00
Surplus on market value....................................
174,263 53

Surplus on par value, $176,052.03.

;

$2 ,562 ,84 4 40
--- - . .. ,

CASH TRANSACTIONS DURING THE YEA R 1915
R E CEIPTS

Cash on hand and in banks or trust companies January 1,
1915, before transactions of the day.............................................
From depositors, not including dividends credited....................




[248]

$271,476 90
770,106 06

O swego C o u n ty
From
From
From
From
From
From

249

interest on loans, depositsand investments........................
rents from banking house...............................................
m ortgages........................................................................................
redemption of stocks and bonds..............................................
stocks and bonds sold (total par value, $1 0,000)......... .
all other sources, viz.:

Exchange, revenue stamps sold and telephone.........
Small banks lost and paid fo r .......................................
Taxes advanced, refunded ...............................................
M oney deposited as security fo r abstracts lo a n ed ....
Cash errors and correction s.............................................
Tax search paid by m ortgagee..........................................

$119,270
400
86,515
12,872
9,575

52
00
50
91
00

$7 52
4 00
1 74
40 00
31 62
50

-------------------------------------- 8538
$1,270 ,30 2 27
P AYM EN TS

To depositors, including dividends paid to them.............................
For loans on bonds and mortgages...................................................
For stocks and bonds purchased, including premiums, com­
missions, etc. (total par value, $2 5,00 0)....................................
For interest (other than dividend payments to depositors) ..
For current expenses of the bank, v iz.:
F or s 9 .l3 .riGS
■••••••••••••••
F or taxes : Banking house, $526.14 ; surpius, $1,727.13
For expenses, except taxes, o f banking h o u se :
Repairs .............................................................................
Insurance ........................................................................
F or other expenses, not including expenses o f other
real estate nor other expenses o f banking house----

$880,499 07
115,407 38
26,062 50
230 21

$5 519 93
2,’ 253 27
263 04
289 72
2,953 20

11,279 16

Other payments, viz.:
Cash errors and correction s.............................................
Taxes advanced .....................................................................

$83 42
665 33

748 75
Cash on hand and in banks or trust companies December 31,
1915, after transactions of the day.................................................

236,075 20
$1 ,270 ,30 2 27

STATISTICAL INFORMATION
Number of open accounts January 1, 1916....................................
Number of accounts opened or reopened during the year.........
Number of accounts closed during the year......................................
Amount deposited during the year, not including dividends
credited for that period.........................................................................
Amount withdrawn during the year...................................................
Amount of dividends credited and paid for the year, viz.:
July 1, 1915...............................................................................
January 1, 1916 ........................................................................
Credited at other periods .................................................

803
919
$770,106 06
880,499 07

$45,003 70
44,676 44
833 98

Average amount of each account January 1, 1916.........................
Rate per cent, of dividends to depositors during the six
months ending June 30, 1915..........................................................
Rate per cent, of dividends to depositors during the six
months ending December 31, 1915...................................................
Total earnings of the bank for the year 1915, after allowing
for amortization of premiums and discounts...........................
Total expenses of the bank for the year 1915...............................
Dividends paid to depositors for the year 1915...........................
Net earnings for the year 1915 over expenses and dividends
paid to depositors ................................................................................




6,010

90,514 12
400 62
4
4

$117,098 70
12,529 16
90,514 12

14,055 42

250

R eport on S avings B anks
106.

O SW E G O C IT Y S A V IN G S B A N K , O SW E G O

[214 W est F irst s tr e e t; incorporated 1859]
E L LIO TT B. MOTT, President.
CHARLES S. W RIGH T, Secretary.
THOM AS F. GLEASON. Vice-President.
WM. B. BURR, Treasurer.
JAMES B. FA RW E LL, Vice-President.

TRUSTEES
K A R L KELLOGG,
N IE L GRAY, Jr .,
BENJAM IN DENTON,
JOHN SM ITH,
JA M E S B. FA RW E LL,

F R A N K P. F A RR E LL,
CHARLES H. BOND,
JAM ES K. STOCKW ELL,
EDGAR D. JOHNSON,
THOMAS F. GLEASON,

E LISH A B. POW ELL,
E L L IO T T B. M OTT,
A R TH U R C. HALL,
JOHN D. HIGGINS,
FRAN K E. SAYER.

FIN AN CIAL
RESOURCES

Bonds and mortgages.............................................................................. $2 ,250,958 00
Stock and bond investments, viz.:
S ta ck s and b on d s

New York State......................
State o f Louisiana.................
State o f Oklahoma...................
State o f C alifornia.................
Cities in other States............
Cities in this State...................
Tow ns in this State.................
V illages in this S ta te............
School districts in this State
Railroad mortgage bonds----

P ar
value
$7,000 00
15,000 00
10,000 00
10,000 00
95,000 00
388,49467
142,18328
410,050 0 0
147,700 00
301,600 00

$1,527,027 95

Original
cost
$7,498
15,443
10,200
9,729
99,570
418,358
145,599
426,800
153,105
323,252

75
50
00
00
42
83
68
69
21
97

$1,609,559 05

Estimated
market value
$7,840 00
15,900 00
10,100 00
9,700 00
97,620 00
395,470 32
142,366 53
411,241 66
150,387 50
257,114 00
$1,497,740 01

- ...........- ..................
.... - •
Banking house and lot, book value, $38,642.78; cost, $70,593.96;
actual cash value..................................................................................
Cash on deposit in banks ortrust companies.....................................
Cash on hand................................................................................................
Total of collectible interest...................................................................
Amount of all other assets, v iz.: New York State Barge canal
judgments ................................................................................................

1,4 97,740 01
35,000
189,042
29, 394
61,653

00
91
00
06

16,976 28
$4, 080, 764 26

L IA B IL IT IE S

Amount due depositors, viz.:
P rincipal .................................................................................. $3,782,588 53
Dividends credited or to be credited fo r the six
months ending with December 31, 1915........................
73,462 63

------------------ $3, 856, 051 16
Surplus on market value.......................................................................
224,713 10
$4, 080, 764 26
Surplus on par value, $254,001.04.
CASH TRANSACTIONS DURING THE YEA R 1915
R E CEIPTS

Cash on hand and in banks or trust companies January 1,
1915, before transactions of the day..........................................
From depositors, not including dividends credited....................
From interest on loans, deposits and investments....................
From rents from banking house..........................................................
From mortgages .........................................................................................
From redemption of stocks and bonds............................................
From stocks and bonds sold (total par value, $77,212.37) . .
From all other sources, viz.: Exchange..........................................




$197,847
936, 586
190, 812
1,574
135, 580
34,868
69, 537
32

02
54
24
74
00
66
04
32

$1,566,838 56

O swego C o u n ty

251

PAYM EN TS

To depositors, including dividends paid to them........................ $1,101,318 83
For loans on bonds and mortgages...................................................
184,860 00
For stocks and bonds purchased, including premiums, com­
missions, etc. (total par value, $29,853.04).............................
29,853 04
For current expenses of the bank, v iz.:
For salaries ...........................................................................
For ta x es: Banking house, $891; surplus, $1,664.28 ;
on mortgages,$98.50.............................................................
For expenses, except taxes, o f banking h o u se :
Repairs ...............................................................................
Insurance ..........................................................................
Other ................................................................................
For other expenses, not including: expenses o f other
real estate nor other expenses o f banking hou se..

$8,050 00
2,653 78
2,231 04
345 58
482 77
1,630 33

15,393 50
Other payments, viz.: New York State Barge canal judgments
purchased . . ............................................................................................
Cash on hand and in banks or trust companies December 31,
1915, after transactions of the day...............................................

16,976 28
218,436 91
$1,566 ,83 8 56

STATISTICAL INFORMATION
Number of open accounts January 1, 1916....................................
Number of accounts opened or reopened during the year. . . .
Number of accounts closed during the year..................................
Amount deposited during the year, not including dividends
credited for that period.....................................................................
Amount withdrawn during the year...............................................
Amount of dividends credited and paid for the year, viz.:
July 1, 1915...............................................................................
January 1, 1916........................................................................
Credited at other periods....................................................

$936,586 54
1,101,318 83

$73,729 77
73,462 63
1,166 90

Average amount of each account January 1, 1916.........................
Rate per cent, of dividends to depositors during the six months
ending June 30, 1915..........................................................................
Rate per cent, of dividends to depositors during the six months
ending December 31, 1915...................................................................
Total earnings of the bank for the year 1915, after allowing
for amortization of premiums and discounts...........................
Total expenses of the bank for the year 1915.............................
Dividends paid to depositors for the year 1915.............................
Net earnings for the year 1915 over expenses and dividends
paid to depositors................................................................................




7, 890
1,248
1, 213

148,359 30
479 42
4
4
$185, 006 29
15,393 50
148, 359 30
21,253 49

R eport ok S avings B anks

252
107.

OSW EGO

C O U N T Y S A V IN G S B A N K , O SW EG O

[44 East Bridge s tr e e t; incorporated 1870]
W. B. COUCH, President.
JAM ES DUNLAP, Treasurer.
CHAS A. TANNER, Vice-President.

TRUSTEES
LAURENCE CLANCY.
W. B. COUCH,
R. AR TH U R DOWNEY,
PE TE R H ILB E R T,
NORMAN L. BATES,

J. FRAN K M ARSDEN.
THOMAS H. BENNETT,
F R E D ’ K B. SHEPHERD,
O. S. OSTERHOUT,
HU BERT J. PEEBLES.

CHARLES A. TANNER,
F R E D A. GAGE,
A. RAYBORG HUNT,
A L B E R T F. MCCARTHY.
ALANSON S. PAGE.

FIN AN CIAL
RESOURCES

Bonds and mortgages.............................................................................. $2 ,316,435 36
Stock and bond investments, viz.:
Par
value
$281,000 00
308,248 39
46,579 75
89,653 30
144,600 00
108,750 00
486,700 00

S ta ck s an d b on d s

Cities in other States............
Cities in this S tate...............
Counties in this State............
Towns in this sta te ...............
Villages in this S tate............
School districts in this State
Railroad mortgage bonds___

$1,465,531 44

—

—

Original
Estimated
cost
market value
$292,536 91
$282,23000
313,728 83
305,88339
50,955 34
47,51294
90,966 14
90,45790
150,882 99
145,13000
112,473 47
109,21650
576,626 75
480,16600
$1,588,170 43

=-

$1,460,596 73

=

—

1,460,596 73

Banking house and lot, book value, $20,000; cost, $29,000;
actual cash value..................................................................................
Other real estate, book value, $2,000; cost, $9,408.35; actual
cash value ................................................................................................
Cash on deposit in banks or trust companies..................................
Cash on hand................................................................................................
Total of collectible interest...................................................................
Amount of all other assets, viz.:
Land contracts .....................................................................
Taxes advanced .....................................................................
New York State barge canal judgm ents......................

20,000 00
2,000
254,141
25,625
61,220

00
12
22
47

$1,515 00
19 96
10,561 84

12,096 80
$4 ,152,115 70
L IA B IL IT IE S

Amount due depositors, viz.:
Principal .................................................................................. $3,797,996 30
Dividends credited or to be credited fo r the six
months ending with December 31, 1915......................
73,983 13

------------------ $3 ,871,979 43
Surplus on market value..........................................................................
280,136 27
$4 ,152,115 70
Surplus on par value, $285,070.98.
CASH TRANSACTIONS DURING THE YEA R 1915
R E CEIPTS

Cash on hand and in banks or trust companies January 1,
1915, before transactions of the day.................... ..........................
From depositors, not including dividends credited......................
From interest on loans, deposits and investments.........................
From rents from banking house..........................................................
From mortgages .......................................................................................
From redemption of stocks and bonds...............................................




$266,894
891,292
193,221
1,486
112,810
75,320

26
92
26
09
02
12

O swego C o u n ty

2 53

From stocks and bonds sold (total par value, $20,00 0)................
From real estate sold..............................................................................
From all other sources, viz.: Insurance premiums and taxes
advanced refunded ..............................................................................

$20,462 81
325 00
3,007 54
$1,564 ,82 0 02

PAYM EN TS

To depositors, including dividends paid to them........................... $1,033,471 05
For loans on bonds and mortgages......................................................
190,650 00
For stocks and bonds purchased, including premiums, commis­
sions, etc. (total par value, $37,021.11)......................................
37,021 11
For interest (other than dividend payments todepositors) . . . .
116 18
For current expenses of the bank, viz.:
F or salaries ...........................................................................
F or taxes : Banking house, $693 ; surplus, $2,219.43 ;
on mortgages, $128.50.........................................................
For expenses, except taxes, o f banking h o u se :
Repairs .............................................................................
Insurance . . , ...................................................................
For expenses o f other real estate, v i z .: O ther.........
For other expenses, not including expenses o f other
real estate nor other expenses o f banking h o u se ...

$6,625 00
3,040 93
158 92
163 12
5 60
1,684 14

-----------------For real estate acquired by foreclosure, or in settlement of
debts due the bank................................................................................
Other payments, viz.:
Teller’s cash differences......................................................
Insurance premiums and taxes advanced...................

11,677 71
9,713 11

$139 49
2,265 03

2 ,4 04 52
Cash on hand and in banks or trust companies December 31,
1915, after transactions of the day.................................................

279,766 34
$ 1 ,564 ,82 0 02

STATISTICAL INFORMATION

Number of open accounts January 1, 1916.................................

6,506

Number of accounts opened or reopened during the year.........
Number of accounts closed during the year......................................
Amount deposited during the year, not including dividends
credited for that period.....................................................................
Amount withdrawn during the year...................................................
Amount of dividends credited and paid for the year, viz.:

1,111

July 1, 1915...............................................................................
January 1, 1916........................................................................
Paid but not credited...........................................................

$891,292 92
1,033,471 05

$73,842 24
73,983 13
1,205 26

Average amount of each account January 1, 1916........................
Rate per cent, of dividends to depositors during the six months
ending June 39, 1915............................................................................
Rate per cent, of dividends to depositors during the six months
ending December 31, 1915...................................................................
Total earnings of the bank for the year 1915, after allowing
for amortization of premiums and discounts.............................
Total expenses of the bank for the year 1915.................................
Dividends paid to depositors for the year 1915.............................
Net earnings for the year 1915 over expenses and dividends
paid to depositors..................................................................................




1,117

149.030 63
595 14
4
4
$189,853 79
11,677 71
149.030 63
29,145 45

PUTNAM COUNTY

108.

P U T N A M C O U N T Y S A V IN G S B A N K , B R E W S T E R

[M ain stre e t; incorpprated 1871]
A LEXAN DER F. LOBDELL, President.
S. PIE R R E FIE LD S. Vice-President.
ARTH U R P. BUDD, Vice-President.
GEORGE H. REYNOLDS, Treasurer.

TRUSTEES
MYRON P. HOWES.
FREDERIC S. BARNUM,
DAVID P. V A IL,
L. STARR BARNUM.
A L E X . F. LOBDELL,
A RTH U R P. BUDD,

W ILLIA M E. SMITH,
EMERSON W. ADDIS,
FRAN K PADDOCK.
S. P IE R R E FIELDS,
OSCAR B A ILE Y ,

GEO. H. REYNOLDS,
D A N IE L M. BARNES,
FRED. A. PURDY,
BENJAM IN O. NICHOLS,
JOHN R. YALE.
WM. A. FE RR IS.

FIN AN CIAL
RESOURCES

Bonds and mortgages
Stock and bond investments, viz.:
S ta c k s a n d

$616,410 19

Par
value
$17,000 00
183,987 17
20,000 00
24,525 00
226,073 19
69,250 00
20,000 00

bonds

Cities in other States............
Cities in this S tate.................
Counties in this State..........
Towns in this State...............
Villages in this S tate............
School districts in this State
Railroad mortgage bonds—

$560,835 36

Original
Estimated
cost
market value
$17,365 70
$16,730 00
196,422 32
184,442 43
20,073 88
20,059 94
25,881 24
25,084 72
233,356 94
230,500 96
72,333 50
70,262 40
18,600 00
15,250 00
$584,033 58

$562,330 45

562,330 45
Banking house and lot, book value, $20,000; cost, $20,230.22;
actual cash value ................................. ................................. .............
Other real estate, book value, $4,314.65; cost, $4,314.65;
actual cash value ................................................................................
Cash on deposit in banks or trust companies..................................
Cash on hand .............................................................................................
Total of collectible interest ...................................................................
Amount of all other assets, viz.: Rents accrued...........................

20,000 00
4,3 14
86,414
4,275
15,835
141

65
70
85
83
50

$1 ,309,723 17
L IA B IL IT IE S

Amount due depositors, viz.:
Principal ................................................................................ $1,219,567 33
Dividends credited or to be credited fo r the six
months ending with December 31, 1915......................
23,297 74

------------------ $1 ,242,865 07
Surplus on market value.........................................................................
66,858 10
$1,309,723 17
Surplus on par value, $65,363.01.
CASH TRANSACTIONS DURING THE YE A R 1915
R E CEIPTS

Cash on hand and in banks or trust companies January 1,
1915, before transactions of the day...............................................
From depositors, not including dividends credited......................
From interest on loans, deposits and investments......................




[254]

$102,001 02
230,833 22
57,347 34

P u t n a m C o u n ty
From
From
From
From

25 5

rents from banking house..........................................................
rents from other real estate.....................................................
m ortgages.............................................................................. ...........
redemption of stocks and b o n d s............................................

$663
66
47,109
15,115

00
00
81
00

$453,135 39
PAYM EN TS

To depositors, including
For loans on bonds and
For interest (other than
For current expenses of

dividends paid to them...........................
mortgages.....................................................
dividend payments to depositors)
the bank, viz.:

For salaries ..........................................................................
F or taxes : Banking house, $240.66 ; surplus, $517.59 ;
on mortgages, $384...........................................................
For expenses, except taxes, o f banking h o u se :
Repairs .............................................................................
Other ................................................................................
F or expenses o f other real estate, v i z .:
Rapairs .............................................................................
Insurance ..........................................................................
Taxes ....................
For other expenses, not including expenses o f other
real estate nor other expenses o f banking hou se...

$237,196 20
115,300 00
22 46

$3,067 00
1,142 25
90 27
287 17
15 00
97 35
149 27
763 22

5,611 53
For real estate acquired by foreclosure, or in settlement of
debts due the bank................................................................................
Cash on hand and in banks or trust companies December 31,
1915, after transactions of the day...............................................

4,314 65
90,690 55
$453,135 39

STATISTICAL INFORMATION
Number of open accounts January 1, 1916...............................
Number of accounts opened or reopened during the year...........
Number of accounts closed during the y e a r . . . . .........................
Amount deposited during the year, not including dividends
credited for that period.......................................................................
Amount withdrawn during the year...................................................
Amount of dividends credited and paid for the year, viz.:
July 1, 1915...............................................................................
January 1, 1916........................................................................

$22,758 15
23,297 74

Average amount of each account January 1, 1916......................
Rate per cent, of dividends to depositors during the six
months ending June 30, 1 9 1 5 ...........................................................
Rate per cent, of dividends to depositors during the six
months ending December 31, 1915...............................................
Total earnings of the bank for the year 1915, after allowing
for amortization of premiums and discounts.............................
Total expenses of the bank for the year 1915...............................
Dividends paid to depositors for the year 1915.............................
Net earnings for the year 1915 over expenses and dividends
paid to depositors ..............................................................................




2,836 00
519
465
$230,833 22
237,196 20

46.055 89
438 24
4
4
$58,475 51
5, 611 53
46.055 89
6,808 09

QUEENS COUNTY

109.

C O LLE G E P O IN T S A V IN G S B A N K , CO LLE G E P O IN T

[254 Second av en u e; incorporated 1872]
WM. W. W EITLIN G, Vice-President.
GEORGE W. G ILLE TTE , Secretary.
A LFR E D H. SCHLESINGER, Vice-Pres,

TRUSTEES
FERD IN AN D M ARTENS,
FRAN K HTJNOLD.
WM. W. W EITLIN G ,
EDW IN P. ROE,
A. H. SCHLESINGER,
W ILLIA M F. BUHL.
GEORGE W. G IL LE T T E , ... H. C. POPPENHUSEN,

HENRY BOHNE,
GEORGE DUER,
W ILLIA M SCHMIDT,
G. A. S. W IENERS.

FIN AN CIAL
RESOURCES

Bonds and mortgages............................................
Stock and bond investments, viz.:
Par
value
$10,000
129,350
132,000
10,000
18,000
38,500
391,000

S to c k s and bon d s

State o f C alifornia.................
Cities in other States............
Cities in this State...............
Counties in this State..........
Villages in this S tate............
School districts in this State
Railroad mortgage bonds —

00
00
00
00
00
oo
00

$728,850 00

$785, 960 00

Original
Estimated
cost
market value
$9,400 00
$9,400 00
135,211 08
127,663 00
135,900 62
123,040 00
10,855 70
10,900 00
18,000 00
17,556 00
41,369 60
40,025 00
399,420 75
347,160 00
$750,157 75

$675,744 00

675,744 00
Banking house and lot, book value, $5,000; cost, $5,000; actual
cash value ................................................................................................
Other real estate, book value, $38,249.56; cost $40,749.56;
actual cash value..................................................................................
Cash on deposit in banks or trust companies..................................
Cash on hand................................................................................................
Total of collectible interest.....................................................................
Amount of all other assets, viz.: Interest accrued on land
contracts....................................................................................................

5 ,0 0 0 00
38,249
100,971
8, 940
29,471

56
70
89
62

226 01
$1,644,563 78

L IA B IL IT IE S

Amount due depositors, viz.:
Principal ................................................................................ $1,495,445 97
Dividends credited or to be credited fo r the six
months ending with December 31, 1915......................
28,427 59

------------------ $1, 523, 873 56
Surplus on market value..........................................................................
120,690 22
$1,644,563 78
Surplus on par value, $173,796.22.
CASH TRANSACTIONS DURING THE YE A R 1915
R E C E IPTS

Cash on hand and in banks or trust companies January 1,
1915, before transactions of the day...............................................
From depositors, not including dividends credited.........................
From interest on loans, deposits and investments.........................
From mortgages .........................................................................................
From redemption of stocks and bonds...............................................




[256]

$100, 156
342, 323
78,725
57, 900
16,200

73
11
63
00
00

257

Q ueens C o u n ty
From all other sources, viz.:
Telephone calls, revenue stamps, notary and protest
fees, and advertising lost passbooks...........................
Satisfaction o f m ortgage....................................................
Excess interest ....................................................................
Insurance premiums advanced, refunded......................
Land contracts and interest on sam e.........................
Fire loss ..................................................................................
Profit on sale o f real estate.............................................
To hold against taxes............................

$13
15
2
7
3,836
1,322
4
106

fil
75
53
00
24
70
00
00

$5,307 83
$600, 613 30
PAYM EN TS

..... .......

To depositors, including dividends paid to them........................
For loans on bonds and mortgages.....................................................
For stocks and bonds purchased, including premiums, com­
missions, etc. (total par value, $ 2 5,00 0)......................................
For interest (other than dividend payments to depositors) . . .
For current expenses of the bank, viz.:
F or salaries ...........................................................................
F or taxes : Banking house, $41.44 ; surplus, $951.25 ;
on mortgages, $17..............................................................
For rent o f banking room s...............................................
For other expenses, not Including expenses o f other
real estate nor other expenses o f banking h o u se..

■ ■- :

25,520 00
68 75

$5,816 10
1,009 69
540 00
517 21

-----------------For real estate acquired by foreclosure, or in settlement of
debts due the bank.................................
Other payments, viz.:
Lot for banking house.........................................................
Fire loss ..................................................................................
Satisfaction o f m ortgage................................................
Held against taxes................................................................
Telephone calls, revenue stamps, notary and protest
fees, and advertising lost passbooks...........................
Excess interest ....................................................................
Insurance premiums advanced..........................................

"

$398, 596 35
11,400 00

7 , 8S3 00
40,749 56

$5,000 00
1,322 70
1575
125 46
13 61
2 53
3 00

-------------------------------------- 6,483 05
Cash on hand and in banks or trust companies December 31,
1915, after transactions of the day.................................................
109,912 59
$600,613 30
STATISTICAL INFORMATION

-

Number of open accounts January 1, 1916......................................
Number of accounts opened or reopened during the year.........
Number of accounts closed during the year.................................
Amount deposited during the year, not including dividends
credited for that period.......................................................................
Amount withdrawn during the year...................................................
Amount of dividends credited and paid for the year, viz.:
July 1, 1915..............................................................................
January 1, 1916........................................................................




$342, 323 11
398,596 35

$28,399 17
28,427 59

Average amount of each account January 1, 1916........................
Rate per cent, of dividends to depositors during the six months
ending June 30, 1915..............................................................................
Rate per cent, of dividends to depositors during the six months
ending December 31, 1915...................................................................
Total earnings of the bank for the year 1915, after allowing
for amortization of premiums and discounts.............................
Total expenses of the bank for the year 1915.............................
Dividends paid to depositors for the year 1915.............................
Net earnings for the year 1915 over expenses and dividends
paid to depositors..................................................................................

9

3, 413
392
359

56.826 76
446 49
4
4
$79,165 89
7,883 00
56.826 76
14,456 13

258

R eport on S avings B anks
110.

J A M A IC A S A V IN G S B A N K , J A M A IC A

[360 Fulton street; incorporated 1850]
W ILLIAM A. W ARNOCK, President.
J. TYL E R W ATTS, Treasurer.
WM. W. GILLEN. Vice-President.
M ARTIN S. R A PE LY E, Secretary.
STEPHEN RYDER, Vice-President.

TRUSTEES
WTLLIAM A. W ARNOCK,
W ILLIA M W. GILLEN,
STEPHEN RYDER,
J. TYLE R W ATTS,
M ARTIN S. RAPE LYE,

LEANDER B. FABER,
GEORGE K. MEYNEN,
W IL L E T C. DURLAND,
W IL L JAM L. WOOD,
R OBERT W. H IGBIE,

EDGAR DUBS SHIM ER.
CHARLES E. TW OM BLY,
A. JAMES VAN SICLEN,
STARR BRIN CKERH OFF,
CLIFFORD M. TA PPE N .

FINANCIAL
RESOURCES

Bonds and mortgages................................................................................ $3,121 ,09 0 00
Stock and bond investments, viz.:
Par
S to ck s and b on d s
value
District o f Colum bia..............
$10,000 00
428,500 00
Cities in other States............
Cities in this State............... 1,136,264 10
75,000 00
Counties in this State............
Towns in this State...............
20,000 00
84,000 00
Villages in this State............
School districts in this State
52,500 00
Railroad mortgage bonds___
90,000 00
$1,896,264 10

Original
Estimated
cost
market value
$10,369 38
$10,400 00
452 818 03
434,600 00
1,201,413 04
1,121,292 36
75,950 00
78,001 00
19,800 00
20,000 00
88,366 80
82,900 00
51,810 00
53,891 20
87,168 75
66,250 00
$1,992,028 20

$1,863,002 36

1,863,0 02 36
Banking house and lot, book value, $60,000; cost, $71,899.81;
actual cash value..................................................................................
Other real estate, book value, $159,601.45; cost, $159,601.45;
actual cash value.........................................................................
Cash on deposit in banks or trust companies.................................
Cash on hand...............................................................................................
Total of collectible interest.....................................................................
Amount of all other assets, viz.:
Rents due and accrued.......................................................
Insurance paid for m ortagors..........................................

65,000 00
155,150
547,723
37,989
55,090

00
72
35
00

$243 50
40 00

283 50
$5,845,328 93
L IA B IL IT IE S

Amount due depositors, viz.:
Principal .................................................................................. $5,337,622 63
Dividends credited or to be credited for the six
months ending with December 31, 1915......................
99,288 40

------------------ $5,436,911 03
Surplus on market value.........................................................................
408,417 90
$ 5 ,8 4 5 ,32S 93
Surplus on par value, $441,679.64.
CASH TRANSACTIONS DURING THE YEAR 1915
RECEIPTS

Cash on hand and in banks or trust companies January 1,
1915, before transactions of the day...............................................
From depositors, not including dividends credited........................
From interest on loans, deposits and investments........................
From rents from banking house............................................................
From rents from other real estate.....................................................
From mortgages ......................................................................................
From redemption of stocks and bonds...............................................
From stocks and bonds sold (total par value, $103,000)...........
From real estate sold................................................................................




$507,782
1,334,149
260,709
4,914
13,467
81,100
33,605
102,321
5,853

38
15
06
00
00
00
91
00
90

Q ueens C o u n ty

259

From all other sources, viz.:
Insurance paid for m ortgagors......................................
Sale old fixtures, e tc ..........................................................
Rent, gas range......................................................................

$46 00
65 20
3 00

$114 20
$2,344,016 60
PAYM EN TS

To depositors, including dividends paid to them........................... $1 ,383,614
For loans on bonds and mortgages.....................................................
192,450
For stocks and bonds purchased, including premiums, commis­
142,811
sions, etc. (total par value,$134,000).............................................
For interest (other
than dividendpayments to depositors) . . . . 2,520
For current expenses of the bank, viz.:
F or salaries .........................................................................
For ta x e s : Banking house, $1,228.50 ; surplus,
$3,442.59 ..................................................................................
For expenses, except taxes, o f banking h o u se :
Insurance ........................................................................
Other ..................................................................................
For rent o f banking room s................................................
F or expenses o f other real estate, v i z .:
R e p a ir s ..............................................................................
Insurance .........................................................................
Taxes .................................................................................
Other ..................................................................................
For other expenses, not including expenses o f other
real estate nor other expenses o f banking house..

15
00
95
56

$10,198 50
4,671 09
856 13
214 30
4,264 60
1,552
304
3,091
4,612

62
22
45
93

1,293 84

-------------------------------------- 31,059 68
For real estate acquired by foreclosure, or in settlement of
debts due the bank..............................................................................
5,761 19
Other payments, viz.: Insurance paid for mortgagors.............
86 00
Cash on hand and in banks or trust companies December 31,
1915, after transactions of the day...............................................
585,713 07
$2,344,016 60
S T A T IS T IC A L

IN F O R M A T IO N

Number of open accounts January 1, 1916......................................
11,082
Number of accounts opened or reopened during the year...........
1,656
Number of accounts closed during the year....................................
1,263
Amount deposited during the year, not including dividends
credited for that period....................................................................... $1,334,149 15
Amount withdrawn during the year...................................................
1,383,614 15
Amount of dividends credited and paid for the year, viz.:
July 1, 1915..............................................................................
January 1, 1916......................................................................

$96,779 70
99,288 40

Average amount of each account January 1, 1916........................
Rate per cent, of dividends to depositors during the six months
ending June 30, 1915...........................................................................
Rate per cent, of dividends to depositors during the six months
ending December 31, 1915..................................................................
Total earnings of the bank for the year 1915, after allowing
for amortization of premiums and discounts.............................
Total expenses of the bank for the year 1915...............................
Dividend paid to depositors for the year 1915.................................
Net earnings for the year 1915 over expenses and dividends
paid to depositors ................................................................................




196.068 .10
490 61
4
4

$272,578 34
31,059 68
196.068 10

45,450 56

260

R eport on S ayings B anks
111.

LONG IS L A N D C IT Y S A V IN G S B A N K , LO N G IS L A N D C IT Y

[B ridge P la z a ; incorporated 1875]
W. J. BURNETT, President.
JA R V IS S. HICKS, Secretary.
D AN IEL S. JONES, Vice-President.
ARTH UR WOODBURY, Asst. Secy.
BEN JAM IN MOORE, Vice-President.
C. L. PAETZOLD , Asst. Treasurer.

TRUSTEES
W IL L IA M J. BURNETT,
D. S. JONES,
A. T. PAYNE,
J. HARVEY SMEDLEY,
H. F. JONES,

D. G. MORRISON,
L. P. D E XTER.
W. H. SIEBRECH T,
JOHN HARVEY,

BENJAM IN MOORE,
H. K. LINES,
JARVIS S. HICKS.
C. CURTIS' WOODRUFF.

FINANCIAL
RESOURCES

Bonds and mortgages .............................................................................. $4,392 ,75 0 00
Stock and bond investments, viz.:
Par
value
$45,000 00
State o f New Y ork.................
S tate o f L ouisiana.................
40.000 00
25.000 00
State o f Oklahoma.................
Cities in other States............
522.000 00
Cities in this State............... 1,110,870 00
Counties in this State............
444,667 50
T ow ns in this S tate...............
87.000 00
508,040 00
Villages in this State............
School districts in this State
253,300 00
265.000 00
R ailroad mortgage bonds___
S to c k s and

bonds

$3,390,877 50

Original
Estimated
cost
market value
$45,761 13
$45,900 00
42,479 12
41,200 00
25,387 50
25,250 00
535,875 43
530,323 54
1,131,059 95
1,103,857 38
460,580 61
447,840 18
88,422 90
88,685 50
611,314 06
598,379 53
259,758 81
255,812 65
282,388 01
230,900 00
$3,483,027 52

$3,368,148 78

3,368,1 48 78
Banking house and lot, book value, $27,000; cost, $32,077;
actual cash value ................................................................................
Other real estate, book value, $15,S68.89; cost, $15,868.89;
actual cash value ................................................................................
Cash on deposit in banks or trust companies.................................
Cash on hand .............................................................................................
Total of collectible interest..................................................................
Amount of all other assets, viz.: New York State barge canal
ju d gm en ts.................................................................................................

27,000 00

15,868 89
868,897 06
5,317 11
75,241 06
4,961 83
$8,758,184 73

L IA B IL IT IE S

Amount due depositors, v iz.:
Principal ................................................................................ $7,801,825 42
Dividends credited or to be credited fo r the six
months ending with December 31, 1915........................
142,507 08

------------------ $7,944,332 50
Surplus on market value.........................................................................
813,852 23

Surplus on par value, $836,580.95.

$8,758,184 73
■ --■
i.■■ .... ■
:■
■■
■

CASH TRANSACTIONS DURING THE YEA R 1915
RECEIPTS

Cash on hand and in banks or trust companies January 1,
1915, before transactions of the day............................................
From depositors, not including dividends credited......................
From interest on loans, deposits and investments.........................
From rents from banking house..........................................................
From rents from other real estate ...................................................
From m ortgages.........................................................................................
From redemption of stocks and bonds...............................................
From veal estate sold ..............................................................................




$549,344
2,720,018
416,021
180
1, 822
303,370
64, 830
40,600

77
43
54
00
50
00
00
00

$4 ,096,187 24

Q ueens C o un ty

261

PAYM EN TS

To depositors, including dividends paid to them........................ $2,489,363 07
For loans on bonds and mortgages...................................................
527,000 00
For stocks and bonds purchased, including premiums, com­
missions, etc. (total par value, $113,500)....................................
117,319 34
For interest (other than dividend payments to depositors) . . . .
1,086 31
For current expenses of the bank, viz.:
For salaries ...........................................................................
For taxes : Banking house, $608.53 ; surplus, $7,046.64 ;
on mortgages, $2,105..........................................................
F or expenses, except taxes, o f banking house :
Repairs .............................................................................
Insurance .........................................................................
For rent o f banking room s.............................................
For expenses o f other real estate, viz. :
Repairs .............................................................................
Insurance .........................................................................
Taxes ..................................................................................
Other ................................................................................
For other expenses, not including exnenses o f other
real estate nor other expenses o f banking house..

$20,936 66
9,760 17
6 30
22 10
4,999 92
1,271
125
745
340

16
70
26
76

3,046 79

41,254 82
For real estate acquired by foreclosure, or in settlement of
debts due the bank................................................................................
Other payments, viz.: New York State barge canal judgments
purchased .................................................................................................
Cash on hand and in banks or trust companies December 31,
1915, after transactions of the day...............................................

40,987 70
4,961 83
874,214 17
$4 ,096,187 24

STATISTICAL INFORMATION
Number of open accounts January 1, 1916......................................
22,297
Number of accounts opened or reopened during the year.........
4,297
Number of accounts closed during the year....................................
2,7 88
Amount deposited during the year, not including dividends
credited for that period....................................................................... $2,720,018 43

Amount withdrawn during the year..........................................

2,489,363 07

Amount of dividends credited and paid for the year, viz.:
July 1, 1915..............................................................................
January 1, 1916.......................................................................

$138,284 34
142,507 08

Average amount of each account January 1, 1916....................
Rate per cent, of dividends to depositors during the six
months ending June 30, 1915..........................................................
Rate per cent, of dividends to depositors during the six
months ending December 31, 1915.................................................
Total earnings of the bank for the year 1915, after allowing
for amortization of premiums and discounts.............................
Total expenses of the bank for the year 1915...............................
Dividends paid to depositors for the year 1915...........................
Net earnings for the year 1915 over expenses and dividends
paid to depositors ................................................................................




280.791 42
356 29
4
4

$416,556 50
41,734 47
280.791 42

94,030 61

262

R eport on S avings B anks
112.

THE

QUEENS

COUNTY

S A V IN G S

BANK,

F L U S H IN G

[80 Main stre e t; incorporated 1859]
W IL L IA M T. JAMES, President.
HENRY L. BOGERT, Treasurer.
FRAN K A. COLLINS, Vice-President.
ABRAM C. HAGEMAN, Cashier.
JOHN HEPBURN, Vice-President.

TRUSTEES
HENRY L. BOGERT,
LEW IS B. FRANKLIN,
E. COVERT HULST,
ABRAM C. HAGEMAN,
EDGAR BOWNE,

JOHN HEPBURN,
W ILLIA M T. JAMES,
FRAN K A. COLLINS,
GEORGE E. LEW IS.
HARRISON S. MOORE,

JAM ES H. QUINLAN,
D. H. VAN DEW ATER,
JAMES A. MACDONALD,
DAVID M ASTER,
GEORGE O. HILD R E TH .

FINANCIAL
RESOURCES

Bonds and mortgages................................................................................ $2,416,100 00
Stock and bond investments, viz.:
S to c k s and

bonds

Cities in other States............
Cities in this State...............
Towns in this State...............
Villages in this State............
School districts in this State
Railroad mortgage bonds___

Par
value
$151,000 00
296.000 00
99,000 00
99,800 00
168.000 00
320,000 00
$1,133,800 00

Original
Estimated
cost
market value
$159,506 00
$150,760 00
283,070 00
318,926 70
105,258 18
101,300 00
99,996 00
106,234 85
170,896 62
170,500 00
362,279 00
297,840 00
$1,223,101 35

$1,103,466 00

1,103,466 00
Banking house and lot, book value, $62,000; cost, $63,765.88;
actual cash value..................................................................................
Other real estate, book value, $103,061.94; cost, $103,061.94;
actual cash value..................................................................................
Cash on deposit in banks or trust companies......... ........................
Cash on hand...............................................................................................
Total of collectible interest..................................................................
Amount of all other assets, viz.:
Taxes and insurance pre­
miums advanced

62,000 00
103,061
328,517
2,1 04
32,836

94
84
23
08

923 96
$4 ,049,010 05

L IA B IL IT IE S

Amount due depositors, viz.:
Principal .................................................................................. $3,703,780 57
Dividends credited or to be credited for the six
months ending with December 31. 1915......................
67,890 17

------------------ $3, 771, 670 74
Surplus on market value.........................................................................
277,339 31
$ 4 ,049 ,01 0 05
Surplus on par value, $307,673.31.
CASH TRANSACTIONS DURING THE YEAR 1915
RECEIPTS

Cash on hand and in banks or trust companies January 1,
1915, before transactions of the day............................................
From depositors, not including dividends credited....................
From interest on loans,
deposits andinvestments...................
From rents from other real estate.......................................................
From mortgages .......................................................................................
From redemption of stocks and bonds...............................................
From stocks and bonds
sold
(total parvalue,$31,40 0).
From real estate sold ..................................




$322,689
1,043,092
189,568
3,915
200,400
19,300
24,178
12,700

17
89
04
12
00
00
00
00

$1,815,843 22

263

Q ueens C o un ty
PAYM EN TS

To depositors, including dividends paid to them...........................
For loans on bonds and mortgages.....................................................
For stocks and bonds purchased, including premiums, commis­
sions, etc. (total par value, $117,000)........................................
For interest (other than dividend payments to depositors) . . .
For current expenses of the bank, viz.:
For salaries ...........................................................................
For ta x es: Banking house,$737.39 ; surplus,
$2,451.58.
For expenses, except taxes, o f banking h o u se :
Repairs ..............................................................................
Insurance .........................................................................
F or expenses o f other real estate, v i z .:
Repairs ..............................................................................
Insurance .........................................................................
Taxes ........................................................................................
Other ..................................................................................
For other expenses, not including expenses o f other
real estate nor other expenses o f banking house—

$995,575 77
267 850 00
118,925 82
473 50

$8,150 00
3,18897
131 48
21 11
1,794
1,049
1,548
973

03
86
96
43

2,60897

19,466 81
For real estate acquired by foreclosure, or in settlement of
debts due the bank................................................................................
Other payments, viz.: Advanced for insurance and taxes. . . .
Cash on hand in banks or trust companies December 31,
1915, after transactions of the day.................... ..........................

82,005 29
923 96
330,622 07
$1,815,843 22

STATISTICAL INFORMATION
Number of open accounts January 1, 1916......................................
9, 178
Number of accounts opened or reponed during the year...........
1,683
Number of accounts closed during the year....................................
1,081
Amount deposited during the year, not including dividends
credited for that period....................................................................... $1 ,043,092 89
Amount withdrawn during the year.................................................
995,575 77
Amount of dividends credited and paid for the year, viz.:
July 1, 1915..............................................................................
January 1, 1916........................................................................

$66,046 87
67,890 17

Average amount of each account January 1, 1916....................
Rate per cent, of dividens to depositors during the six months
ending June 30, 1915...........................................................................
Rate per cent, of dividends to depositors during the six months
ending December 31, 1915................................................................
Total earnings of the bank for the year 1915, after allowing
for amortization of premiums and discounts.............................
Total expenses of the bank for the year 1915...............................
Dividends paid to depositors for the year 1915.............................
Net earnings for the year 1915 over expenses and dividends
paid to depositors ................................................................................




133.937 04
410 94
4
4
192,730 19
19,466 81
133.937 04

39, 326 34

RENSSELAER CO U N TY

113.

T R O Y S A V IN G S B A N K , T R O Y

[32— Second street; incorporated 1823]
38
C. E. HANAMAN, President.
WM. H. SHIELDS. Vice-President.
THOM AS VAIL, Vice-President.
J. E. ANTHONY, Treasurer.

TRUSTEES
CH ARLES E. HANAMAN,
E DW ARD C. GALE,
JAM ES K. P. PIN E,
THOMAS VAIL,
JAMES H. CALDW ELL,
HARVEY ,S. MCLEOD,

W ILLIA M H. SHIELDS,
W ILLIA M M. SANFORD,
FRAN K E. NORTON,
HENRY S. LUDLOW.
W. L. THOMPSON,
ELIAS P. MANN,

A L B E R T E. CLUETT,
H E R B E R T S, IDE,
JOHN PAINE.
FRANK B. TW INING,
HENRY W H EELER,
PA U L COOK.

FIN AN CIAL
RESOURCES

Bonds and mortgages................................................................................ $2 ,952,350 00
Stock and bond investments, viz.:
Par
S to c k s and b o n d s
value
United States .........................
$ 100,000 00
204.000 00
State o f New Y ork...................
State o f Tennessee...............
300.000 00
Cities in other States............ 2.599.000 00
Cities in this S ta te............... 2,345,193 85
397.000 00
Counties in this State............
88,000 00
Villages in this State............
41,000 00
School districts in this State
R ailroad m ortgage bonds___ 2.323.000 00
$8,397,193 85

Original
Estimated
market value
cost
$138,406 25
$110,000 00
214,970 00
218,480 00
308,000 00
308,783 88
2,693,056 19
2,519,360 00
2,356,599 41
2,462,787 16
406,411 28
386,350 00
88,938 00
85,760 00
41,000
00
38,950 00
2,461,400 76
2,056,560 00
$8,815,753 52

$8,080,059 41

8,080,059 41
Banking house and lot, book value, $120,000; cost $481,675;
actual cash value.......................................... .......................... .............
Cash on deposit in banks or trust companies...............................
Cash on hand...............................................................................................
Total of collectible interest...................................................................
Amount of all other assets, viz.:
A ccrued rents ........................................................................
New York State barge canal judgm ents......................

120,000
755,000
54,146
149,175

00
14
57
03

$227 09
9,345 46

9,572 55
$12,120,303 70
L IA B IL IT IE S

Amount due depositors, viz.:
Principal .................................................................................................. $11,041,724 50
Other liabilities, viz.:
Dividends accrued on deposits to January 1, 1916....................
Surplus on market value.......................................................................

94,958 83
983,620 37
$12,120,303 70

Surplus on par value, $1,300,754.81.




[264]

R ensselaer C o un ty

265

CASH TRANSACTIONS DURING THE YEA R 1915
R E CEIPTS

Cash on hand and in banks or trust companies January 1,
1915, before transactions of the day..........................................
From depositors, not including dividends credited....................
From interest on loans, deposits and investments......................
From rents from banking house..........................................................
From mortgages .......................................................................................
From redemption of stocks and bonds...............................................
From stocks and bonds sold (total par value, $684,000)...........
From all other sources, viz.:
Refund on security company
b o n d ............................................................................................................

$825,513
1,474,234
508,801
4,981
819,350
241,160
634,422

45
90
28
69
00
55
69

5 78
$4,508,470 34

PAYM EN TS

To depositors, including dividends paid to them......................... $2,277,357 92
For loans on bonds and mortgages...................................................
949,750 00
For stocks and bonds purchased, including premiums, com­
missions, etc. (total par value, $400,000).................................
414,187 05
For interest (other than dividend payments to depositors) . .
4,416 97
For current expenses of the bank, viz.:
F or salaries .............................................................................
F or ta x e s: Banking house,$9,518.26;surplus, $9,954.12
F or expenses, except taxes, o f banking h o u se :
Repairs .............................................................................
Insurance .........................................................................
Other ..................................................................................
For other expenses, not including expenses o f other
real estate nor other expenses o f banking h ou se...

$17,092 22
19,47238
1,290 23
565 21
2,162 85
3,888 99

Other payments, viz.: New York State barge canal judgments
Cash on hand and in banks or trust companies December 31,
1915, after transaction of the day.................................................

44,471 88
9,139 81
809,146 71
$4,508,470 34

STATISTICAL INFORMATION
Number of open accounts January 1, 1916......................................
18,445
Number of accounts opened or reopened during the year
1,787
Number of accounts closed during the year....................................
2, 652
Amount deposited during the year, not including dividends
credited for that period....................................................................... $1, 474, 234 90
Amount withdrawn during the year............................................... 2 ,2 77,3 57 92
Amount of dividends credited and paid for the year, viz.:
A pril 3, 1915.............................................................................
October 3, 1915..........................................................................

$195,394 54
192,088 09

Average amount of each account January 1, 1916......................
Rate per cent, of dividends to depositors during the six
months ending July 1, 1915................................................................
Rate per cent, of dividends to depositors during the six
months ending January 1, 1915........................................................
Total earnings of the bank for the year 1915, after allowing
for amortization of premiums and discounts.............................
Total expenses of the bank for the year 1915...............................
Dividends paid to depositors for the year 1915.............................
Net earnings for the year 1915 over expenses and dividends
paid to depositors..................................................................................




387,482 63
598 63
3%
3%
$492,897 27
44,471 88
384,480 99
63,944 40

R IC H M O N D C O U N T Y
114.

R IC H M O N D C O U N T Y S A V I N G S B A N K , W E S T N E W B R IG H T O N

[1619 Richm ond terrace; incorporated 1886]
J. F. SM ITH. President.
F. W. TOM PKINS. Treasurer.
AZEL F. M ERRELL, Vice-President.
GEORGE H. TRED W E LL, Secretary.
BENEDICT PARK ER. Vice-President.

TRUSTEES
JOHN F. SMITH,
A ZE L F. M ERRELL,
BENEDICT PARK ER,
GEORGE M. M ATTHIU S,
FRAN K W. TOMPKINS,
JOHN A. SNYDER,

A L B E R T K. BUHL,
SAMUEL W. FAN'CHER
JACOB I. HOUSMAN,
M ELVIN L. DECKER,
CHAS. E. SIMONSON.

HENRY P. MORRISON,
GEO. H. TRED W ELL,
WM. J. DAVIDSON,
SAMUEL ECKSTEIN,
JOSEPH H. MALOY,

FINANCIAL
RESOURCES

Bonds and mortgages
Stock and bond investments, viz.:
S to c k s and bon ds

State o f New Y ork..................
State o f Louisiana..................
Cities in other States............
Cities in this State.................
Counties in this State............
Villages in this S tate............
School districts in this State
Railroad mortgage bonds___

Par
value
$35,000
15,000
20,000
72,000
5,500
105,000
45,997
167,000

$996,850 00

50
00
00
91
00
68
84
01

Estimated
market value
$38,200 00
15,450 00
19,600 00
70,260 00
5,800 00
106,600 00
46,287 50
151,290 00

$477,666 94

$453,487 50

cost
$36,862
14,913
21,150
74,314
5,950
110,774
47,589
166,112

00
00
00
00
00
O
O
50
00

$465,497 50

453,487 50

Banking house and lot, book value, $7,000; cost, $7,197.23;
actual cash value..................................................................................
Other real estate, book value, $3,205; cost, $3,441.95; actual
cash value ...............................................................................................
Cash on deposit in banks or trust companies...............................
Cash on hand...............................................................................................
Total of collectible interest...................................................................
Amount of all other assets, viz.:
Loans on contract.................................................................
Accrued interest on bonds purchased.............................
Amount due unknown depositors.....................................

7,000 00
3,205
137,256
32,823
11,656

00
62
09
47

$9,920 00
37 50
197 00

----------------- -

10,154 50
$1,652,433 18

L IA B IL IT IE S

-■ ■

Amount due depositors, v iz.:
Principal .................................................................................. $1,531,410 57
Dividends credited or to be credited fo r the six
months ending with December 31, 1915.......................
27,948 43

------------------ $1,559,359 00
Other liabilities, viz.: Amount due unknown depositors...........
197 00
Surplus on market value,.......................................................................
92,877 18
$1,652,433 18
:

Surplus on par value, $104,887.18.

CASH TRANSACTIONS DURING THE YEAR 1915
RECEIPTS

Cash on hand and in banks or trust companies January 1,
1915, before transactions of the day............................... .............
From depositors, not including dividends credited....................




[266]

$120,913 68
638,780 04

R ic h m o n d C o un ty
From
From
From
From
From
From

26 7

interest on loans, deposits end investments....................
rents from banking house..........................................................
m ortgages.........................................................................................
redemption of stocks and bonds............................................
real estate sold................................................................................
all other sources, viz.:

$80,635
468
47,100
9,741
7,0 00

06
00
00
71
00

$2,300 00

Land contract ..
Insurance repaid

8 20

2,308 20
$906,946 69
PAYM ENTS

To depositors, including dividends paid to them.........................
For loans on bonds and mortgages............. .....................................
For stocks and bonds purchased, including premiums, com­
missions, etc. (total par value, $10,00 0)....................................
For interest (other than dividend payments to depositors) ..
For current expenses of the bank, viz.:
For salaries ............................................................................
For taxes : Banking house, $192.48 ; surplus, $970.78 ;
on mortgages, $352.50 ......................................................
For expenses, except taxes, o f banking h o u se :
Repairs ..............................................................................
Insurance .........................................................................
Other ..................................................................................
F or expenses o f other real estate, v i z .:
Repairs .............................................................................
Taxes ..................................................................................
Other ..................................................................................
For other expenses, not Including expenses o f other
real estate nor other expenses o f banking h o u se...

$638,058 58
71,793 40
10,062 50
37 50

$5,825 00
1,515 76
330 65
146 53
133 40
5 00
251 24
66 25
1,632 97

9,906 80
Other payments, v iz.:
Land contract ......................................................................
Insurance premiums advanced........................................

$7,000 00
8 20

7,008 20
Cash on hand and in banks or trust companies December 31,
1915, after tra n sa c tio n s o f the day............................................

170,079 71
$906, 946 69

STATISTICAL INFORMATION
Number of open accounts January 1, 1916....................................
Number of accounts opened or reopened during the year.........
Number of accounts closed during the year.................................
Amount deposited during the year, not including dividends
credited for that period.......................................................................
Amount withdrawn during the year.................................................
Amount of dividends credited and paid for the year, viz.:
July 1, 1915..............................................................................
January 1, 1916........................................................................

$638,780 04
638,058 58

$27,025 55
27,948 43

Average amount of each account January 1, 1916.........................
Rate per cent, of dividends to depositors during the six
months ending June 30, 1915.........................................................
Rate per cent, of dividends to depositors during the six
months ending December 31, 1915.................................................
Total earnings of the bank for the year 1915, after allowing
for amortization of premiums and discounts.............................
Total expenses of the bank for the year 1915.............................
Dividends paid to depositors for the year 1915.............................
Net earnings for the year 1915 over expenses and dividends
paid to depositors................................................................................




5,477
788
559

54,973 98
279 60
4
4
$81,679 18
9,906 80
54,973 98
16,798 40

R eport on S avings B anks

268
115.

S T A T E N IS L A N D S A V IN G S B A N K , S T A P L E T O N

[81 W ater stre e t; Incorporated 1864]
E D W A R D C. BRIDGM AN, President.
HERMAN C. HAGEDORN, Cashier.
ED U A R D C. MEURER, Vice-President.
GEO. C. H ALL, A ssistant Cashier.
GEO. S. H U M PH R E Y, Vice-President.

TRUSTEES
E. C. BRIDGM AN,
W IL L Y SONNTAG,
W. HUDSON CLARK,
F E D O R SCHMIDT,
J. B. PEARSON.
E R N E ST W EHNCKE,
OTTO LINDEMANN,

P A T R IC K BRADY,
ED. C. M EURER.
CHAS. A. BRUNS,
W ILLIA M L. VOORHIS,
CH A R LE S KAPPES,
EDMUND L. JUDSON,
GEO. S. HUM PHREY,

J. ED. STAKE,
WM. J. W ELSH,
JOHN CARM ICHAEL,
OTTO J. THOMEN,
C ARL F. G R IESH ABER,
ERNEST R. MOODY,
ERNEST W. ZENTGRAF.

FIN AN CIAL
RESOURCES

Bonds and mortgages...................... ....................................................... $3,028,561 50
Stock and bond investments, viz.:
Par
S to c k s and b on d s
value
Cities in other States..............
$368,200 00
Cities in this State......................
489,00000
Counties in this S ta te ..........
124,000 00
Tow ns in this State...............
25,000 00
Villages in this State............
27,500 00
School districts in this State
127,900 00
R ailroad mortgage bonds___
810,000 00
$1,971,600 00

Original
Estimated
cost
market value
$370,799 76
$358,73600
491,609 19
476,21000
130,769 00
123,24000
25,325 10
24,75000
27,832 29
26,85000
137,757 90
134,252 00
812,187 50
736,95000
$1,996,280 74

$1,880,988 00

1,880,988 00
Banking house and lot, book value, $16,000; cost, $49,192.47;
actual cash value.......................................... ........................................
Other real estate, book value, $18,150.47; cost, $18,150.47;
actual cash value..................................................................................
Cash on deposit in banks or trust companies...................... ...........
Cash on hand................................................................................................
Total of collectible interest.....................................................................
Amount of all other assets, v iz.:
Insurance premiums and taxes advanced......................
Repairs to mortgaged prem ises.......................................
Comm ission on real estate sold ........................................

49,192 47
17,950
367,398
36,583
88,297

$715 61
8 50
150 00

00
56
18
63

874 11
$5,469,845 45

L IA B IL IT IE S

- -

-

Amount due depositors, viz.:
Principal .................................................................................. $4,984,387 78
Dividends credited or to be credited fo r the six
m onths ending with December 31, 1915......................
91,699 95

Other

liabilities,

$5,076,087 73

viz.:

D eposit on account o f contract fo r sale o f real estate
Taxes advanced and deposit as security fo r ta x e s...
F ire insurance loss on mortgaged premises.................
Cash over ...............................................................................

$250
2,455
8,000
10

00
00
00
00

10,715 00
383,042 72

Surplus on market value
Surplus on par value, $473,654.72.

$5,469,845 45
-.
: ■

CASH TRANSACTIONS DURING THE YEA R 1915
RECEIPTS

Cash on hand and in banks or trust companies January 1,
1915, before transactions of the day...............................................
From depositors, not including dividendscredited.....................
From interest on loans, deposits andinvestments........................
From rents from banking house.........................................................
From rents from other real estate....................................................
From mortgages ............................. .........................................................
From redemption of stocks and bonds...............................................
From real estate sold................................................................................




$336,576
1,573,927
237,535
4,781
979
177,050
7,3 00
12,510

05
49
55
92
00
00
00
00

269

R ich m o n d C o u n ty
From all other sources, viz.:
Insurance premiums, taxes and interest advanced,
refunded ..............................................................................
Fire insurance lo ss................................................................
Deposit on sale o f real estate..........................................
Commission on sale o f real estate..................................
Collection ................................................................................
Return premium ............................................................ ........
Deposit to guarantee paym ent o f inheritance t a x ...
Cash over ................................................................................
...................................
Drawing release ................................•

$2,323 30

12,220 88
250
75
7
12

00
00
86
76

2,000 00

10 00

-------$16,904 80
$2 ,367 ,56 4 8T

PAYM EN TS

To depositors, including dividends paid to them......... ............... $1,502,075 89
For loans on bonds and mortgages.....................................................
400,460 00
For interest (other than dividend payments to depositors) . .
92 86
For current expenses of the bank, viz.:
F or salaries ...........................................................................
For ta x e s : Banking house, $1,039.30; surplus, $3,131.97; on mortgages, $1,967.............................................
F or expenses, except taxes, o f banking h o u se ;
Repairs .............................................................................
Insurance .............................................................
Other ..................................................................................
For expenses o f other real estate, v i z .:
Repairs ..............................................................................
Insurance .........................................................................
Taxes ..................................................................................
Other ................................................................................
For other expenses, not including expenses o f other
real estate nor other expenses o f banking h ou se...

$20,056 66
6,138 27
2,501 73
205 80
2,000 15
536
35
126
129

66
00
21
65

5,542 46

37,272 59

For real estate acquired by foreclosure, or in settlement of
debts due the bank........................................................................... .. .
Other payments, viz.:

16,965 21

Insurance premiums, taxes and interest ad vanced ...
Fire insurance loss on mortgaged prop erty.................
On account o f sale o f real estate..................................
Collection charges ..............................................................
Repairs to mortgaged prem ises........................................
Commission on sale o f real estate..................................

$2,277
4,220
50
7
10
150

78
88
00
86
00
00

Cash on hand and in hanks or trust companies December 31,
1915, after transactions of the day.............................................

6,716 52
403,981 74
$27367,564 81

STATISTICAL INFORMATION
14,381
Number of open accounts January 1, 1916....................................
Number of accounts opened or reopened during the y e a r ....
1,983
Number of accounts closed during the year.................................
1,255
Amount deposited during the year, not including dividends
credited for that period........................................ ............................. $1,573,927 49
Amount withdrawn during the year...............................................
1,502,075 89
Amount of dividends credited and paid for the year, viz.:
July 1, 1915..............................................................................
$90,300 62
January 1, 1916............................................................................... 91,699 95

Average amount of each account January 1, 1916....................
Number of accounts which exceeded $3,000, exclusive of divi­
dends credited, at the last trial balance of depositors’ ledgers,
except deposits arising from society accounts, or judicial
sales, or trust funds, or by order of a court of record or of a
surrogate...................................................................................................
Total amount of such accounts............................................................
Rate per cent, of dividends to depositors during the six
months ending June 30, 1915............................................................
Rate per cent, of dividends to depositors during the six
months ending December 31, 1915.................................................
Total earnings of the bank for the year 1915, after allowing
for amortization of premiums and discounts.............................
Total expenses of the bank for the year 1915............................. .
Dividends paid to depositors for the year 1915...........................
Net earnings for the year 1915 over expenses and dividends
paid to depositors..................................................................................




182,000 57
352 97

2
$6,207 20
4
4
$260,378 75
37,272 59
182,000 57
41,105 59

SAINT LAWRENCE COUNTY
116.

S A IN T

LAW RENCE

COUNTY

S A V IN G S

B A N K , OG DENSBURG

[79 State stre e t; Incorporated 1909]
AN DREW IRVING, President.
JAMES E. KELLY, Treasurer.
D. c. M ADILL. Vice-President.
C. D. RANDLES, Secretary.
JOHN HANNAN. Vice-President.

TRUSTEES
ERN EST M, AKINS,
FRANK W. AMES,
FRAN K CHAPMAN,
GEORGE F. DARROW,
ROUT. J. DONAHUE,
EDGAR B. ELETHORP,
JOHN HANNAN,
JOHN C. HOWARD.

CHAS. D. RANDLES,
F E L IX HULSER,
RICHARD H. HUTCHINS, JOHN B. TYO,
AN DREW IRVING,
GEO. E. VAN KENNEN,
W A LTE R G. KELLOGG,
JAMES M. W ELLS,
ABNER D. W H ITN EY,
JAMES E. KELLY,
SAMUEL W. LEONARD,
DENNIS B. LUCEY,
W ILLIA M E. W H ITFORD,
DENNIS LYNCH,
THOMAS SPRATT.
GRANT C. M ADILL,

FINANCIAL
RESOURCES

Bonds and mortgages.............................................
Stock and bond investments, viz.:
S to c k s and b o n d s

State o f Louisiana................
Cities in other States...........
Cities in this State...............
Counties in this S tate.........
Towns in this State...............
Villages in this State............
School districts in this State
Railroad mortgage bonds__

Par
value
$5,000 00
88,000 00
147,463 68
15,000 00
29,700 00
65,180 00
38,300 00
132,000 00
$520,64368

$395,907 09

Original
Estimated
cost
market value
$4,970 00
$5,150 00
90,332 41
89,240 00
148,988 69
148,983 98
15,389 48
15,400 00
30,736 66
30,825 00
66,041 13
66,330 40
39,013 33
38,850 00
127,317 50
118,640 00
$522,78920

$513,41938

-------- -■ '
■ ■■
Cash on deposit in banks or trust companies...............................
Cash on hand.............................................................................................
Total of collectible interest.....................................................................

513,419
60,197
831
7,879

38
49
45
79

$978,235 20
L IA B IL IT IE S

Amounts due depositors, viz.:
Principal ................................................................................
Dividends credited or to be credited fo r the six
months ending w ith December 31, 1915......................

$935,904 04
15,168 03

-----------------Surplus on market value.......................................................................

$951,072 07
27,163 13
$978,235 20

Surplus on par value, $34,387.43.
CASH TRANSACTIONS DURING THE YEAR 1915
RECEIPTS

Cash on hand and in banks or trust companies January 1,
1915, before transactions of the day............................................
From depositors, not includingdividends credited........................
From interest on loans, deposits
and investments...............
From mortgages .................. ._..................................................................
rrom redemption of stocks andbonds................................................




$88,287
418,905
42,421
49,361
15,000

07
15
71
70
00

$613,975 63

[270]

S t . L a w r en c e C o u n ty

271

PAYM ENTS

To depositors, including dividendspaid to them...........................
For loans on bonds and mortgages...................................................
For stocks and bonds purchased, including premiums, com­
missions, etc. (total par value, $93,443.50).................................
For interest (other than dividend payments to depositors) . .
For current expenses of the bank, viz.:
F or salaries ...........................................................................
For taxes : Surplus, $219.78 ; on mortgages. $57.35___
F or rent o f banking room s................................................
For other expenses, not including expenses o f other
real estate nor other expenses o f banking hou se...

$388,195 77
61,717 87
95,052 25
996 76

$4,379 46
277 13
500 00
1,734 24

-------------------------------------- 6,890 83
Other payments, viz.: Cash short.....................................................
93 21
Cash on hand and in banks or trust companies December 31,
1915, after transactions of the day...............................................
61,028 94
$613,975 63
STATISTICAL INFORMATION
Number of open accounts January 1, 1916....................................
Number of accounts opened or reopened during the year. . . .
Number of accounts closed during the year.................................
Amount deposited during the year, not including dividends
credited for that period.......................................................................
Amount withdrawn during the year.................................................
Amount of dividends credited and paid for the year, viz.:
July 1, 1915..............................................................................
January 1, 1916 ...................................................................
Credited at other periods.................................................

3,694
998
869
$418,905 15
388,195 77

$12,558 42
15,058 67
109 36

-------------------------------------- 27,726 45
Average amount of each account January 1, 1916......................
257 46
Rate per cent, of dividends to depositors during the six
months ending June 30, 1915............................................................
3 and 3%
Rate per cent, of dividends to depositors during the six
months e n d in g D ecem ber 31, 1915.................................................
3 ^ /2
Total earnings of the bank for the year 1915, after allowing
for amortization of premiums and discounts.............................
$40,946 74
Total expenses of the bank for the year 1915...............................
6,890 83
Dividends paid to depositors for the year 1915...........................
27,726 45
Net earnings for the year 1915 over expenses and dividends
paid to depositors..................................................................................
6,329 46




SCHENECTADY COUNTY

117.

S C H E N E C T A D Y S A V IN G S B A N K , S C H E N E C T A D Y

[500 State s tr e e t; incorporated 1834]
EVE R ETT SM ITH, President.
H. W. BENNINGTON. Vice-President.
WM. L. PEARSON, Vice-President.
ALLEN W. JOHNSTON, Treasurer.

TRUSTEES
E V E R E T T SMITH,
W ILLIA M L. PEARSON,
H. W. DENNINGTON,
JOHN MCDERMOTT,

HENRY BRADT,
ALLEN W. JOHNSTON.
HERMAN V. M YNDERSE.
L E W IS A. SKINNER,
f . w. M c C l e l l a n .

W IL L IA M DALTON,
GEORGE E. EMMONS,
H. ROGER HEGEMAN,
CHAS. S. W ASHBURN,

FIN AN CIAL
RESOURCES

$4,639,933 36

Bonds and mortgages........................
Stock and bond investments, viz.:
Par
value
State o f Alabam a....................
$25,000
State o f M assachusetts.........
50,000
Cities in other States............
966,802
Cities in this State................. 1,089,000
214,750
Counties in this State............
Towns in this State...............
56,500
Villages in this S tate........
214,100
School districts in this State
34,000
Railroad mortgage bonds___
275,000
S to ck s and honds

00
00
50
00
00
00
00
00
00

$2,925,152 50

Original
Estimated
cost
market value
$26,695 00
$25,000 00
49,000 00
46,000 00
996,257 70
952,433 22
1,114,210 20
1,036,360 00
212,965 00
226,249 00
56,650 00
57,013 71
216,603 77
215,747 00
35,256 12
34,780 00
250,687 50
235,000 00
$2,971,973 00

$2,814,935 22

—
= =
--= —
— = =
——Banking house and lot, book value, $100,000; cost, $76,050.27;
actual cash value................................................................................
Other real estate, book value, $3,132.09; cost, $3,132.09;
actual cash value.................................................................................
Cash on deposit in banks or trust companies.................................
Cash on hand.............................................................................................
Total of collectible interest.................................................................

2,814,9 35 22
76,050 27
3,132
584,352
168,867
129,199

09
79
32
81

$8,416,470 86
L IA B IL IT IE S

-----

Amount due depositors, viz.:
Principal ................................................................................ $7,897,574 61
Dividends credited or to be credited fo r the six
months ending with December 31, 1915.....................
128,705 27

------------------ $8,026,279 88
Other liabilities, viz.: Junior department (without interest)
168 30
Surplus on market value.......................................................................
390,022 68

Surplus on par value, $500,239.96.

=

$8,416,470 86
.

CASH TRANSACTIONS DURING THE YEA R 1915
R E CEIPTS

Cash on hand and in banks or trust companies January 1,
1915, before transactions of the day..........................
From depositors, not including dividends credited....................
From interest on loans, deposits and investments...................
From mortgages .................................
From redemption of stocks and bonds...............................................
From stocks and bonds sold (total par value, $347,500).............




[272]

$667,681
2,4 68,1 54
377,632
234,600
239,211
331,881

01
42
54
00
77
17

S c h e n e c t a d y C o un ty

2 73

From all other sources, viz.:
Junior department (w ithou t in te re st).........................
Exchange account ................................................................
Over credit interest accoun t.............................................
Taxes, insurance premiums and advertising account.
Suspense account .................................................................
Difference in figures on sale.............................................

$154 26
10 40
76 32
598 04
83 00
04

$922 06
$4,320,132 97

PAYM ENTS

:

To depositors, including dividends paid to them......................... $3 ,165,184 68
For loans on bonds and mortgages......................................................
39,300 00
For loans on stocks and bonds and other securities....................
300,000 00
For stocks and bonds purchased, including premiums, com­
missions, etc. (total par value, $15,00 0)........... .*......................
15,000 00
For interest (other than dividend payments to depositors)..
6,134 72
For current expenses of the bank, viz.:
F or salaries .............................................................................
For taxes : Banking house, $2,666.43 ; surplus, $3,534.71
F or expenses, except taxes, o f banking h o u se :
Repairs .............................................................................
Insurance .........................................................................
For expenses o f other real estate, v i z .:
Repairs ..............................................................................
Taxes ..................................................................................
F or other expenses, not including expenses o f
other real estate nor other expenses o f banking
house ..............................................................................

$26,475 00
6,201 14
352 96
60 00
27 84
63 91
6,380 31

39,561 16
Other payments, viz.:
Suspense account .................................................................
Junior department (w ithou t in te re st)...........................
Dormant accounts ..............................................................
Short credit interest accou n t.......... ..................................
Interest due January 1, 1915.............................................
Taxes ..............................................................................
Errors in check and interest.............................................
M ortgage loans, taxes and insurance premiums paid
by bank ................................................................................

$64
188
373
15
6
179
2

10
39
02
91
04
48
23

903 13

1,732 30
Cash on hand and in banks or trust companies December 31,
1915, after transactions of the day...............................................

753,220 11

$4,320,132 97
STATISTICAL INFORMATION
= = = = =
Number of open accounts January 1, 1916....................................
34,603
Number of accounts opened or reopened during the year.........
5,880
Number of accounts closed during the year....................................
4,927
Amount deposited during the year, not including dividends
credited for that period....................................................................... $2 ,468 ,15 4 42
Amount withdrawn during the year.................................................
3,165,1 84 68
Amount of dividends credited and paid for the year, viz.:
July 1, 1915..............................................................................
January 1, 1916......................................................................

$128,600 52
128,705 27

Average amount of each account January 1, 1916......................
Rate per cent, of dividends to depositors during the six
months ending June 30, 1915..........................................................
Rate per cent, of dividends to depositors during the six
months ending December 31, 1915.................................................
Total earnings of the bank for the year 1915, after allowing
for amortization of premiums and discounts.............................
Total expenses of the bank for the year 1915...............................
Dividends paid to depositors for the year 1915.............................
Net earnings for the year 1915 over expenses and dividends
paid to depositors..................................................................................




257.305 79
231 95

3y2
3%
$364,931 89
39,561 16
257.305 79
68,064 94

SENECA C O U N TY

118.

T H E SE N E C A F A L L S S A V IN G S B A N K , SE N E C A F A L L S

[39 Fall s tr e e t; incorporated 1870]
EDW ARD W. ADDISON, President.
E L IA S LESTER, Vice-President.
FRED M AIER, Vice-President.
WM. B. HARPER, Treasurer.
THOMAS J. YAW OER, Vice-President.
S. ROMAYNE SOMERS, Asst. Trea.

TRUSTEES
EDW ARD W. ADDISON,
HAM ILTON GARNSEY,
CHAS. F. HAMMOND,
HORACE D. KNIGHT.

E LIAS LESTER,
FRED M AIER,
CARL W. M AIER,
c. a . M a c d o n a l d ,
.HEN RY R. MICKS.

CHAS. S.
FRED L.
ALBERT
THOMAS

SANDERSON,
STORY,
P. HANEY,
J. YAW GER,

FINANCIAL
RESOURCES

Bonds and mortgages................................................................................
Stock and bond investments, viz.:
Par
value
$5,000
10,000
30,000
46,000
34,868
14,500
151,300
36,360
218,000

S to c k s and bon d s

State o f A rizona......................
State o f M ississippi...............
Cities in other States.............
Cities in this State.................
Counties in this State..........
Towns in this S tate...............
Villages in this State............
School districts in this State
Railroad mortgage bonds___

Original
Estimated
cost
market value
$5,103 25
$5,200 00
10,355 00
9,900 00
30,756 00
30,040 00
46,640 29
45,350 00
35,412 95
35,410 93
14,681 25
14,537 50
154,780 88
152,725 00
37,179 16
35,864 00
224,912 74
201,280 00

00
00
00
00
93
00
00
00
00

$546,028 93

$337,312 13

.$559,819 d0

$530,309 45

530,309 45
Other real estate, book value, $8,000; cost, $11,485.15; actual
cash value ........................
Cash on deposit in banks or trust companies. . .
Cash on hand........................
Total of collectible interest..................
Amount of all other assets,, viz.:
Land contracts .................
New York State barge canal judgm ents....................

11,485
120,933
5,931
11,942

15
18
25
70

$550 00
4,958 35

5.508 35
$1,023,422 21
L IA B IL IT IE S

:

Amount due depositors, viz.:
Principal ..................................................................................
Dividends credited or to be credited fo r the six
month ending with December 31, 1915.........................

$946,937 51
17,500 42

-----------------Surplus on market value.......................................................................

$964,437 93
58,984 28
$1,023,422 21
■

Surplus on'par value, $74,703.76.

CASH TRANSACTIONS DURING THE YEAR 1915
RECEIPTS

Cash on hand and in banks or trust companies January 1,
1915, before transactions of the day...............................................
From depositors, not including dividends credited....................
From interest on loans, deposits and investments......................
From mortgages .......................................................................................
From redemption of stocks and bonds...............................................




[274]

$111,300
340,539
43,860
31.521
53,744

79
71
11
23
43

S en eca C o un ty

275

From all other sources, viz.:
In su ra n c e
C o lle c tio n

p r e m iu m s a n d t a x e s a d v a n c e d .........................
a n d e x c h a n g e .....................................................................

$99 74
4 07

------------------

$103 81
$581,070 08

PAYM ENTS

To depositors, including dividends paid tothem...........................
For loans on bonds and mortgages...................................................
For stock and bonds purchased, including premiums, commis­
sions, etc. (total par value, $5 5,000)..........................................
For interest (other than dividend payments todepositors) ..
For current expenses of the bank, viz.:
F o r s a l a r i e s ......................................................................................................
F o r t a x e s : S u r p lu s , $393.25 ; o n m o r t g a g e s , $ 3 1 6 .4 0 ...
F o r r e n t o f b a n k in g r o o m s .................................................................
F o r o t h e r e x p e n s e s , n o t in c lu d in g e x p e n s e s o f o t h e r
r e a l e s t a t e n o r o t h e r e x p e n s e s o f b a n k in g h o u s e ..

$329,410 73
61,755 00
56,739 13
421 29

$3,991 61
709 65
360 00
775 60

-------------------------------------- 5,836 86
Other payments, viz.: Taxes advanced...............................................
42 64
Cash on hand and in banks or trust companies, December 31,
1915, after transactions of the day...............................................
126,864 43
$581,070 08
STATISTICAL INFORMATION
Number of open accounts January 1, 1916......................................
Number of accounts opened or reopened during the y e a r ....
Number of accounts closed during the year.................................
Amount deposited during the year, not including dividends
credited for that period.......................................................................
Amount withdrawn during the year.................................................
Amount of dividends credited and paid for the year, viz.:
J u ly 1. 1915........................................................................................................

January 1, 1916......................................................................

3,149
650
558
$340,549 71
329,425 54

$16,738 67

17,500 42

-------------------------------------- 34,239 09
Average amount of each account January 1, 1916......................
306 26
Rate per cent, of dividends to depositors during the six
months ending June 30, 1915............... ............................................
4
Rate per cent, of dividends to depositors during the six
months ending December 31, 1915...................................................
4
Total earnings of the bank for the year 1915, after allowing
for amortization of premiums and discounts.............................
$42,698 53
Total expenses of the bank for the year 1915...............................
5,836 86
Dividends paid to depositors for the year 1915.............................
34,239 09
Net earnings for the year 1915 over expenses and interest paid
to depositors ...........................................................................................
2,622 58




SUFFOLK CO UN TY

119.

RIVERHEAD SAVINGS BANK, RIVERHEAD
[ M a i n s t r e e t ; i n c o r p o r a t e d 1872]

C H A S . M . B L Y D E N B U R G H , P r e s id e n t .
G E O R G E M . V A I L , V i c e -P r e s i d e n t .

U S H E R B . H O W E L L . S e creta ry .
O T I S G . P I K E , A s s is t a n t S e c re ta ry .

TRUSTEES
TIM OTH Y M. G R IF F IN G ." OTIS G. PIKE.
GEORGE W . COOPER,
C. M . B L Y D E N B U R G H ,
G E O R G E M . V A IL ,
U SH ER B. H OW ELL.
JOSEPH M. BELFORD,
T H A D . N. B E N J A M IN ,

'H E N R Y H . P R E S T O N ,
7 E R A S T U S F. POST,
— N A T . S. T U T H I L L .
- G E O R G E H . P E R K IN S ,
F. PO R TE R H O W E LL ,

JACO B M E Y E R ,
FRANK H. W ELLS,
O. E D M U N D G R IS W O L D ,
E L B E R T M . D A V IS ,
A B R A M S. PO ST .
W IL L IS D. V A N B R U N T ,
G IL B E R T D. R O G E R S.

FINANCIAL
RESO U RCES

Bonds and mortgages................................................................................ $4,355,246 12
Stock and bond investments, viz.:
Par
v a lu e

S to c k s and bo n d s

O r ig in a l
cost

C it i e s in o t h e r S t a t e s ..................
$290,000 00
C it i e s in t h i s S t a t e ..............................
582,500 00
C o u n t ie s in t h is iS t a t e ................
22,000 00
T o w n s in t h is S t a t e .........................
152,000 00
V i l l a g e s in t h is S t a t e .....................
223,274 80
S c h o o l d i s t r i c t s in t h is S t a t e
331,858 00
R a ilr o a d m o r t g a g e b o n d s ____
200,000 00
$1,801,832 80

E stim a te d
m a r k e t v a lu e

$307,347
607,469
22,141
159,030
227,988
351,779
220,512

$283,700
588,324
22,259
156,519
224,608
340,697
176,900

70
41
20
55
98
25
50

$1,896,269 59

00
20
60
00
52
88
00

$1,793,009 20

■
=— ====== ■
Banking house and lot, book value, $25,000; cost $50,043.29;
actual cash value...................................................................................
Other real estate, book value, $96,336.11; cost, $96,336.11;
actual cash value..................................................................................
Cash on deposit in banksor trust companies.................................
Cash on hand................................................................................................
Total of collectible interest...................................................................

1,793,009 20
25,000 00
96,336
675,786
35,682
86,877

11
33
28
65

$7,067,937 69
L IA B IL IT IE S

Amount due depositors, viz.:
P r in c ip a l ............................................................................................................. $5,858,170 46
D iv id e n d s c r e d ite d o r t o be c r e d ite d f o r t h e s ix
m o n t h s e n d in g w i t h D e c e m b e r 31, 1915.............................
118,810 18

------------------ $ 5 ,976,9S0 64
Surplus on market value.........................................................................
1,090,957 05
$7,067,937 69
Surplus on par value, $1,099,580.65.
CASH TRANSACTIONS DURING THE YEAR 1915
R E C E IP T S

Cash on hand and in banks or trust companies January 1,
1915, before transactions of the day...............................................
From depositors, not including dividends credited......................
From interest on loans, deposits andinvestments...........................
From rents from banking house..........................................................
From rents from other real estate........................................................




[276]

$610,331
873,909
346,170
2,990
2,098

62
36
34
00
22

S u ff o l k C o un ty
From
From
From
From

2 77

mortgages .......................................................................................
redemption of stocks and bonds...............................................
real estate sold............................................................ .................
all other sources, v iz.: P. 0 . boxes sold...............................

$218,582
74,375
29,075
5

14
71
00
00

$2,157,537 39
PAYM ENTS

To depositors, including dividends paid to them.........................
For loans on bonds and mortgages.....................................................
For stocks and bonds purchased, including premiums, com
missions, etc. (total par value, $ 1 0 3 ,5 0 0 ) .............................
For interest (other than dividend payments to depositors)
For current expenses of the bank, viz.:
F o r s a la r ie s ....................................................................................................
For ta x e s:
B a n k i n g h o u s e , $1,070.48 ; s u r p lu s , $10,050.29 ; o n m o r t g a g e s , $471.50........................................................
F o r e x p e n s e s , e x c e p t t a x e s , o f b a n k in g h o u s e :
R e p a ir s .......................................................................................................
O t h e r .............................................................................................................
F o r exp en ses o f o th e r rea l e sta te , v i z . :
R e p a ir s .......................................................................................................
I n s u r a n c e ..........................................................................................
T a x e s .............................................................................................................
O t h e r .............................................................................................................
F o r o t h e r e x p e n s e s , n o t in c lu d in g e x p e n s e s o f o t h e r
r e a l e s t a t e n o r o t h e r e x p e n s e s o f b a n k in g h o u s e . . .

$972,164 29
299,540 49
107,848 50
1,478 97

$13,792 97
11,592 27
1,230 51
2 ,233 74
814
254
2,175
569

45
03
26
04

2,881 11

35,543 38
For real estate acquired by foreclosure, or in settlement of
debts due the bank................................................................................
Cash on hand and in banks or trust companies December 31,
1915, after transactions of the day...............................................

29,493 15
711,468 61
$2,157,537 39

STATISTICAL INFORMATION
Number of open accounts January 1, 1916....................................
Number of accounts opened or reopened during the year. . . .
Number of accounts closed during the year........... .................
Amount deposited during the year, not including dividends
credited for that period.......................................................................
Amount withdrawn during the year...................................................
Amount of dividends credited and paid for the year, viz.:
J u ly 1, 1915.......................................................... '.............................................
J a n u a r y 1. 1916................................................................................................

$873,909 36
972,164 29

$117,011 68
118,810 18

Average amount of each account January 1, 1916......................
Rate per cent, of dividends to depositors during the six
months ending June 30, 1915............................................................
Rate per cent, of dividends to depositors during the six
months ending December 31, 1915...................................................
Total earnings of the bank for the year 1915, after allowing
for amortization of premiums and discounts.............................
Total expenses of the bank for the year 1915........... ....................
Dividends paid to depositors for the year 1915...........................
Net earnings for the year 1915 over expenses and dividends
paid to depositors ................................................................................




9,141
901
722

235.821 86
653 86
4 & 4i/2
4

& 4%

$351,170 22
35,543 38
235.821 86
79,804 98

R eport on S avings B anks

278
120.

SAG HARBOR SAVINGS BANK, SAG HARBOR
[M a in

stre e t;

H E R V E Y T . H E D G E S , P r e s id e n t .
W M . R . R E I M A N . V ic e -P r e s id e n t .
C L I F F O R D J . F O S T E R , V i c e -P r e s i d e m .

in c o r p o r a t e d

1860]

E V E R E T T L . T I N D A L L , T reasu rer.
J O H N Y . C O R W IN , A s s t. T reasu rer.

TRUSTEES
JOH N H. H UNT,
H E R V E Y T. H ED GES.
O L IV E R H . N IC K E R S O N ,
H EN R Y F. COOK,
W I L L I A M C. G R E E N E ,
E V E R E T T L. T IN D A L L .
W IL L IA M R. R E IM A N N ,
O L IN M . E D W A R D S ,
JO H N Y . C O R W IN ,
CASPER SCH AEFER,

JOH N M . W O O D W AR D ,
B U R T O N D . C O R W IN .
E D . B. H IL L ,
F R A N K W . C O R W IN ,
A D D IS O N M . C O O K .
E D W A R D A . H IL D R E T H ,
W IL L IA M D. H A L S E Y .
E D G A R A. H IL D R E T H ,
JOH N
NUGENT,

CHARLES W. RACKETT,
C H A S . W . R A C K E T T . J r .,
HENRY SCH W ENK,
J. H . M U L F O R D ,
N E L S O N C. O S B O R N E .
JO N ATH AN B AK ER .
W IL L IA M
H . P IE R S O N ,
B EN J. F. R O G ER S,
C L IF F O R D J. F O S T E R .
W M . H. BARNES.

FINANCIAL
R ESO U RCES

Bonds and mortgages.............................................................................. $1 ,344 ,04 0 00
Stock and bond investments, viz.:
Par
v a lu e

Stocks and bonds
C it ie s in o t h e r S t a t e s ..................
C it ie s in t h is S t a t e .......................
C o u n t ie s in t h is S t a t e ................
T o w n s in t h i s S t a t e ....................
V i l l a g e s in t h is S t a t e ................
S c h o o l d is t r i c t s in t h is S t a t e
R a ilr o a d m o r t g a g e b o n d s . . . .

$151,000
66,000
35,000
24,000
47,200
104,100
190,000

O r ig in a l
cost
00
00
00
00
00
00
00

$617,300 00

$160,661
68,390
35,987
25,368
47,483
111,720
195,562

E stim a te d
m a r k e t v a lu e

30
21
00
00
50
31
50

$645,172 82

$146,705
60,890
34,650
22,800
46,768
110,908
167,850

00
00
00
00
00
00
00

$590,571 00

590,571 00
Banking house and lot, book value, $35,000; cost, $47,515.56;
actual cash value..................................................................................
Other real estate, book value, $53,915.57; cost, $53,915.57;
actual cash value..................................................................................
Cash on deposit in banks or trust companies.................................
Cash on hand...............................................................................................
Total of collectible interest...................................................................
Amount of all other assets, viz.:
I n s u r a n c e p r e m iu m s a n d t a x e s a d v a n c e d .............................
N e w Y o r k S t a t e b a r g e c a n a l j u d g m e n t s .............................

35,000 00
53,915
190,491
21,568
32,553

57
06
36
49

$575 06
5,983 66

------------------

6,558 72
$2,274,698 20

L IA B IL IT IE S

Amount due depositors, viz.:
P r in c ip a l ............................................................................................................. $2,029,715 87
D iv id e n d s c r e d ite d o r t o be c r e d ite d f o r t h e s ix
m o n t h s e n d in g w it h D e c e m b e r 31, 1915...............................
38,931 05

------------------ $2,068,646 92
Surplus on market value.........................................................................
206,051 28
$2,274,698 20
Surplus on par value, $232,780.28.
CASH TRANSACTIONS DURING THE YEA R 1915
R E C E IP T S

Cash on hand and in banks or trust companies January 1,
1915, before transactions of the day...............................................
From depositors, not including dividends credited.....................
From interest on loans, deposits andinvestments........................
From rents from banking house.........................................................
From rents from other real estate.....................................................




$157,250
343,526
107,796
925
425

93
10
26
00
00

279

S u ffo lk C o u n ty
From mortgages .........................................................................................
From redemption of stocks and bonds...............................................
From all other sources, v iz.: Insurance premiums and taxes
advanced refunded ..............................................................................

$87,565 00
5,700 00
2,433 53
$705,621 82

PAYM ENTS

To depositors, including dividends paid to them...........................
For loans on bonds and mortgages........................................................
For interest (other than dividend payments to depositors) . . .
For current expenses of the bank, viz.:
F o r s a la r ie s ......................................................................................................
F o r t a x e s : B a n k in g h o u s e , $559.04 ; s u r p lu s , $1,849.28 ;
o n m o r t g a g e s , $144.50 .......................................................................
F o r e x p e n s e s , e x c e p t t a x e s , o f b a n k in g h o u s e :
R e p a ir s .........................................................................................................
I n s u r a n c e ..................................................................................................
O th e r .............................................................................................................
F o r exp en ses o f o th e r rea l e sta te , v i z . :
R e p a ir s .........................................................................................................
I n s u r a n c e ..................................................................................................
T a x e s .............................................................................................................
F o r o t h e r e x p e n s e s , n o t i n c lu d in g e x p e n s e s o f o t h e r
r e a l e s t a t e n o r o t h e r e x p e n s e s o f b a n k in g h o u s e . . .

$408,882 14
33,750 00
163 57

$4,800 00
2,552 82
8 35
120 93
216 00
783 47
82 60
489 80
1,366 30

10,420 27
For real estate acquired by foreclosure, or in settlement of
debts due the bank................................................................................
Other payments, v iz.:
I n s u r a n c e p r e m iu m s a n d t a x e s a d v a n c e d .............................
C h e c k c h a r g e d o f f .......................................................................................
N e w Y o r k S t a t e b a r g e c a n a l j u d g m e n t s p u r c h a s e d ..

32,093 81

$2,268 45
50
5,983 66

8,252 61
Cash on hand and in banks or trust companies December 31,
1915, after transactions of the day...............................................

212,059 42
$705,621 82

STATISTICAL INFORMATION
Number of open accounts January 1, 1916......................................
Number of accounts opened or reopened during the year...........
Number of accounts closed during the year......................................
Amount deposited during the year, not including dividends
credited for that period.....................................................................
Amount withdrawn during the year...................................................
Amount of dividends credited and paid for the year, viz.:
J u ly 1, 1915......................................................................................................
J a n u a r y 1, 1916................................................................................................

4,221
356
326
$343,526 10
4 0 8 ,8S2 14

$38,976 22
38,931 05

77,907 27
Rate per cent, of dividends to depositors during the six months
ending June 30, 1915...........................................................................
Rate per cent, of dividends to depositors during the six months
ending December 31, 1915...................................................................
Total earnings of the bank for the year 1915, after allowing
for amortization of premiums and discounts.............................
Total expenses of the bank for the year 1915.................................
Dividends paid to depositors for the year 1915.............................
Net earnings for the year 1915 over expenses and dividends
paid to depositors..................................................................................




4
4
$108,565 93
10,420 27
77,907 27
20,238 39

280

R eport on S ayings B anks
121.

THE

SOUTH OLD

S A V IN G S

B A N K , SOUTHOLD

[M ain stre e t; incorporated 1858]
HENRY W. PRINCE, President.
FR ED ERICH H. TE RR Y , Asst. Treas.
CLARENCE C. M ILES, Vice-President.
RENSSELAER G. TE RR Y , A sst. Treas.
H. H OW ARD HUNTTING. Treasurer.

TRUSTEES
F R ED ER IC H H. TE RR Y,
HENRY W. PRINCE,
H. HOW ARD HUNTTING,
ABRAHAM F. LOW ERRE
W IL L IA M H. TERRY,
JOSEPH N. HALLOCK,

CHAS. GILDERSLEEVE,
W ILLIA M A. FLEET,
FR AN K LIN F. OVERTON,
GEORGE H. TE RR Y,
JOHN J. B A R TL E T T,

FINANCIAL

CLARENCE C. M ILES,
JOHN H. BROWN,
EDW ARD W. LATHAM ,
JOSIAH C. CASE,
R A LP H G. DUVALL,
GEORGE V. PRESTON.

RESOURCES

Bonds and mortgages ............................................................................ $ 3 ,279 ,53 0 00
Stock and bond investments, viz.:
Par
value
$36,000
191,000
300,014
813,011
301,272
75,000

S to c k s and bon d s

Cities in other States..............
Cities in this State.................
Towns in this S tate...............
Villages in this State............
School districts in this State
R ailroad m ortgage bonds___

00
00
16
58
00
00

$1,716,297 74

Original
Estimated
market value
cost
$37,974 40
$36,880 00
205,594 00
193,315 00
319,063 40
296,357 44
844,294 25
813,896 36
304,321 99
317,727 60
76,812 50
73,000 00
$1,801,466 15

$1,717,770 79

1,717,770 79
Banking house and lot, book value, $14,500; cost, $22,184.16;
actual cash value.....................................................................................
Other real estate, book value, $80,895.41; cost $91,135.89;
actual cash value ....................................................................... ..........
Cash on deposit in banks or trust companies.................................
Cash on hand ..............................................................................................
Total of collectible interest...................................................................
Amount of all other assets, viz.: Insurance premiums and
taxes advanced .......................................................................................

14,500 00
81,888
428,826
33,691
62,152

01
51
73
09

741 63
$5,619,100 76

L IA B IL IT IE S

---------------

Amount due depositors, viz.:
Principal .................................................................................. $4,732,890 63
Dividends credited or to be credited for the six
m onths ending with December 31, 1915......................
96,208 55

------------------ $4,829,099 18
Surplus on market value.......................................................................
790,001 58

Surplus on par value, $788,528.53.

$5,619,100 76
------------- -----------

CASH TRANSACTIONS DURING THE YEAR 1915
R E CEIPTS

Cash on hand and in banks or trust companies January 1,
1915, before transactions of the day...............................................
$460,654 47
From depositors, not including dividends credited........................
601,937 68
From interest on loans, deposits and investments.....................
266,524 12
From rents from banking house..........................................................
104 00
From rents from other real estate........................................................
3,052 40
From mortgages .........................................................................................
168,750 00
From redemption of stock and bonds...............................................
76,228 05
From stocks and bonds sold (total par value,$2 0,00 0).............
20,013 15
From real estate sold..................................................................................
5,700 00
From all other sources, viz.: Insurance premiums and taxes
advanced, refunded ....................................................................................
406 82




$1,603 ,37 0 69

S u ffo lk C o un ty

281

PAYM ENTS

To depositors, including dividends .paid to them...........................
For loans on bonds and mortgages...................................................
For stocks and bonds purchased, including premiums, com­
missions, etc. (total par value, $197,686.58).............................
For interest (other than dividend payments to depositors)..
For current expenses of the bank, viz.:
For salaries ..........................................................................
For taxes : Banking house, $205.44 ; surplus, $7,431.65 ;
on mortgages, $880...........................................................
For expenses, except taxes, o f banking h o u s e : Re­
pairs .....................................................................................
For expenses o f other real estate, v i z .:
Repairs ...............................................................................
Insurance .........................................................................
Taxes ..................................................................................
F or other expenses, not including expenses o f other
real estate nor other expenses o f banking h o u se ...

$688,504 73
194,650 00
203,326 33
1,768 77

$10,269 00
8,517 09
190 38
1,869 44
351 80
1,516 13
3,819 45

26,533 29
For real estate acquired by foreclosure, or in settlement of
debts due the bank.................... .........................................................
Other payments, viz.: Insurance premiums and taxes ad­
vanced ........................................................................................................
Cash on hand and in banks or trust companies December 31,
1915, after transactions of the day.................................................

24,920 88
1,148 45
462,518 24
$1 ,603 ,37 0 69

STATISTICAL INFORMATION
Number of open accounts January 1, 1916......................................
Number of accounts opened or reopened during the year...........
Number of accounts closed during the year...................................
Amount deposited during the year, not including dividends
credited for that period.....................................................................
Amount withdrawn during the year.................... ............................
Amount of dividends credited and paid for the year, viz.:
July 1, 1915..............................................................................
January 1 ,1916 ........................................................................

$601,937 68
688,504 73

$94,533 15
96,208 55

Average amount of each account January 1, 1916........................
Rate per cent, of dividends to depositors during the six
months ending June 30, 1915........... ................................................
Rate per cent, of dividends to depositors during the six
months ending December 31, 1915.................................................
Total earnings of the bank for the year 1915, after allowing
for amortization of premiums and discounts...............................
Total expenses of the bank for the year 1915...............................
Dividends paid to depositors for the year 1915.............................
Net earnings for the year 1915 over expenses and dividends
paid to depositors ................................................................................




6,393
585
358

190,741 70
755 37
4&4%
4& 4y2
$266,237 63
26,533 29
190,741 70
48,962 64

282

R eport on S avings B anks

122.

T H E U N IO N S A V I N G S B A N K OF P A T C H O G U E , P A T C H O G U E

[Ocean avenue; incorporated 1896]
JOSEPH BAILEY. President.
W A L T E R S. ROSE, Secretary.
EMERSON G. TE RRELL, Vice-Pres.
E. JOHANKNECHT, J k ., Asst. Secy.
W ILLIA M A. HULSE, Vice-President.

TRUSTEES
W ALTER H. JAYCOX,
JOSEPH BAILEY,
EMERSON G. TERRELL,
ARTH U R H. TERRY,
n e l s o n M cB r i d e ,
MILTON G. W IGGINS.
ALDEN J. W OODRUFF.
GELSTON g . r o e ,

GEORGE B. HOW ELL,
W ILLIA M A. HULSE,
JOSIAH ROBBINS.
W IN F IE L D S. BENNETT,
JOHN T. DARE,
RALPH H. DAYTON,
E. EUGENE HAW KINS,
E. JOHANKNECHT, J r .,

FRANCIS GERBER,
JACOB OCKERS.
JULIUS HAUSER.
ROBT. S. PE LLE TRE A U ,
A RTH U R M. SW EEZEY,
JOSEPH T. LOSEE,
R IL E Y P. HOW ELL,
W A LTE R S. ROSE.

FIN AN CIAL
RESOURCES

Bonds and mortgages................................................................................ $1,877,859 00
Stock and bond investments, viz.:
Par
value
$30,000
102,000
137,500
25,000
16,900
226,050
160.750
107,000

S to c k s and b o n d s

State o f New Y ork.................
Cities in other States..............
Cities in this State.................
Counties in this S tate............
Towns in this State...............
Villages in this State............
School districts in this State
Railroad mortgage bonds___

00
00
00
00
00
00
00
00

$805,200 00

Original
Estimated
market value
cost
$33,600 00
$32,175 00
107,175 83
103,570 00
142,246 76
140,202 50
26,687 50
26,500 00
17,715 03
17, 660 50
233,304 80
228,112 00
163,460 03
163,972 25
115,022 92
109,650 00
$837,793 87

$823,267 25

823,267 25
Banking house and lot, book value, $40,500; cost, $42,607.01;
actual cash value..................................................................................
Other real estate, book value, $10,670.44; cost, $10,670.44;
actual cash value..................................................................................
Cash on deposit in banks or trust companies.................................
Cash on hand...............................................................................................
Total of collectible interest.....................................................................
Amount of all other assets, viz.:
New York State barge canal judgm ents......................
Insurance premiums and taxes advanced......................

40,500 00
10,670
217,680
43,163
27,123

44
19
97
61

$4,991 58
490 79

5,482 37
$3,045,746 83
L IA B IL IT IE S

Amount due depositors, viz :
Principal .................................................................................. $2,753,249 89
Dividends credited or to be credited fo r the six
months ending with December 31, 1915......................
52,338 24

------------------ $2 ,805,588 13
Surplus on market value.........................................................................
240,158 70
$3,045,746 83
Surplus on par value, $222,091.45.
CASH TRANSACTIONS DURING THE YEA R 1915
RECEIPTS

Cash on hand and in banks or trust companies January 1,
1915, before transactions of the day...............................................
From depositors, not including dividends credited......................
From interest on loans, deposits and investments......................
From mortgages .........................................................................................
From redemption of stocks and bonds...............................................
From real estate sold................................................................................




$279,149
662,623
150,265
79,050
47,650
17,293

29
25
47
00
00
14

S u ffo lk C o un ty

283

From all other sources, viz.:
Insurance premiums advanced refunded.......................
E rror in previous dividend................................................

$50 00
2 00

------------------

$52 00
$1 ,236,083 15

PAYM ENTS

To depositors, including dividends paid to them...........................
For loans on bonds and mortgages...................................................
For stocks and bonds purchased, including premiums, commis­
sions, etc. (total par value, $59,25 0)............................................
For interest (other than dividend payments to depositors) . . .
For current expenses of the bank, viz.:
For salaries .............................................................................
For ta x es: Banking house, $442.69; surplus, $1,988.49.
For expenses, except taxes, o f banking h o u se :
Repairs ..............................................................................
Insurance .........................................................................
For expenses o f other real estate, v i z .:
Insurance ........................................................................
Taxes ..................................................................................
Other ..................................................................................
F or other expenses, not including expenses o f other
real estate nor other expenses o f banking h o u se...

$661,063 98
217,450 00
60,449 20
723 77

$7,179 68
2,431 18
24 10
117 00
115 57
477 80
14 00
2,439 14

-------------------------------------- 12,798 47
For real estate acquired by foreclosure, or in settlement of
debts due the bank................................................................................
17,270 66
Other payments, viz.:
Insurance premiums and taxes advanced......................
E rror in previous dividend...................................................
New York State barge canal judgments purchased..

$490 79
54
4,99158

-------------------------------------- 5,482 91
Cash on hand and in banks or trust companies December 31,
1915, aftertransactions of the day...................................................
260,844 16
$1 ,236,083 15
STATISTICAL INFORMATION
Number of open accounts January 1, 1916......................................
Number of accounts opened or reopened during the year...........
Number of accounts closed during the year....................................
Amount deposited during the year, not including dividends
credited for that period.......................................................................
Amount withdrawn during the year...................................................
Amount of dividends credited and paid for the year, viz.:
July 1, 1915..............................................................................
January 1, 1916........................................................................

$662,623 25
661,063 98

$50,894 92
52,338 24

-----------------Average amount of each account January 1, 1916........................
Rate per cent, of dividends to depositors during the six months
ending June 30, 1915...........................................................................
Rate per cent, of dividends to depositors during the six months
ending December 31, 1915..................................................................
Total earnings of the bank for the year 1915, after allowing
for amortization of premiums and discounts.............................
Total expenses of the bank for the year 1915.................................
Dividends paid to depositors for the year 1915.............................
Net earnings for the year 1915 over expenses and dividends
paid to depositors..................................................................................




6,188
862
645

103,233 16
453 39
4
4
$147,483 34
12,798 47
103,233 16
31,451 71

T O M P K IN S C O U N T Y

123.

IT H A C A S A V IN G S B A N K , IT H A C A

[118 North T ioga stre e t; incorporated 1868]
ROGER B. W ILLIAM S. President.
G. LOUIS COOK, Treasurer.
EMMONS L. W ILLIA M S, Vice-Pres.
EDW ARD H. BOSTW ICK, Secretary.

TRUSTEES
CH ARLES H. BLOOD,
E DW ARD H. BOSTW ICK,
F. C. CORNELL,
R. B. W ILLIAM S, J r .,

a . m c k in n e y ,
JARED T. NEWMAN,
GEORGE E. PR IEST.
D AVID B. STEW ART,
HENRY A. St . JOHN.
ja m e s

R OBERT H. TREMAN,
MYNDERSE VAN CLEEF,
ROGER B. W ILLIAM S,
EMMONS L. W ILLIA M S,

FINANCIAL
RESOURCES

Bonds and mortgages.............................................................................. $1,259,172 72
Stock and bond investments, viz.:
S to c k s and b on d s

United States .........................
State o f New Y ork...................
State o f Louisiana...................
State o f M assachusetts..........
State o f M ississippi.................
State o f New M exico...............
State o f W yom ing..................
Cities in other States.............
Cities in this State.................
Counties in this S ta te............
Towns in this S tate...............
Villages in this State ............
School districts in this State
R ailroad mortgage bonds___

Par
value
$157,080 00
55,000 00
50,000 00
76,000 00
30,000 00
30, O O 00
O
6,000 00
401,000 00
492,000 00
67,000 00
109,458 55
447,988 40
337,550 00
297,000 00
$2,556,076 95

Original
Estimated
market value
cost
$202,332 78
$172,690 80
56,100 00
60,225 00
49,547 50
51,500 00
82,946 10
69,930 00
30,085 50
27,000 00
31,617 50
29,100 00
7,539 60
6,540 00
421,838 10
396,670 00
483,425 00
507,708 38
70,142 40
69,310 00
108,310 10
111,111 05
456,579 50
442,023 46
333,686 00
345,755 49
332,192 70
251,900 00
$2,709,621 60

$2,498,185 36

2,4 9 8 ,1 8 5 36
Banking house and lot, book value, $45,000; cost, $87,134.74;
actual cash value.....................................................................................
Cash on deposit in banks or trust companies.................................
Cash on hand ...........................................................................................
Total of collectible interest...................................................................
Amount of all other assets, viz.:
Land contract and interest accrued on sam e.............
Rents accrued ........................................................................
New York State barge canal judgm ents........................

60,000
270,124
65,437
55,466

00
09
20
71

$211 00
886 66
4,901 58

------------------

5,999 24
$4,214,385 32

L IA B IL IT IE S

Amount due depositors, viz.:
Principal .................................................................................. $3,812,771 42
Dividends credited or to be credited fo r the six
months ending with December 31, 1915........................
64,008 73

------------------ $3,876,780 15
Other liabilities, v iz.: Expenses incurred, but unpaid surplus
tax accrued ..............................................................................................
1,300 00
Surplus on market value......................................................................
336,305 17
$4,214,385 32
Surplus on par value, $394,196.76.




T o m p k in s C o u n ty

285

CASH TRANSACTIONS DURING THE YEAR 1915
R E CEIPTS

Cash on hand and in banks or trust companies January 1,
1915, before transactions of the day...............................................
From depositors, not including dividends credited......................
From interest on loans, deposits and investments.........................
From rents from banking house........................................................
From m ortgages.........................................................................................
From redemption of stocks and bonds...............................................
From stocks and bonds sold (total par value, $2 5,000)...........
From all other sources, viz.:
Suspense account .................................................................
Land contract ......................................................................

$361,688
1,352,350
178,834
4,483
84,970
94,863
25,000

26
97
04
88
00
11
00

$73 15
50 00

-------------------------------------- 12315
$2,102,313 41
PAYM ENTS

To depositors, including dividends paid to them........................... $1,496 ,91 0 25
For loans on bonds and mortgages...................................................
234,810 00
For stocks and bonds purchased, including premiums, com­
missions, etc. (total par value, $ 8 ,0 0 0 )........................................
8,000 00
For interest (other than dividend payments to depositors) ..
140 58
For current expenses of the bank, viz.:
For salaries ..........................................................................
F or t a x e s : > Banking house, $1,492.71; surplus, $2,567.03 ; on mortgages, $652.50..........................................
F or expenses, except taxes, o f banking h o u se :
Repairs ...............................................................................
Insurance .........................................................................
Other ..................................................................................
For other expenses, not including expenses o f other
real estate nor other expenses o f banking h ou se..

$12,464 00
4,712 24
452 76
84 00
1,436 06
2,840 65

21,989 71
Other payments, viz.: New York State barge canal judgments
purchased.................................................................................................
Cash on hand and in banks or trust companies December 31,
1915, after transactions of the day.................................................

4,901 58
335,561 29
$2,102,313 41

STATISTICAL INFORMATION
11,328
Number of open accounts January 1, 1916......................................
1,803
Number of accounts opened or reopened during the year.........
Number of accounts closed during the year......................................
1,720
Amount deposited during the year, not including dividends
credited for that period....................................................................... $1 ,352 ,35 0 97
Amount withdrawn during the year...................................................
1,496,9 10 25
Amount of dividends credited and paid for the year, viz.:
July 1, 1915............................................................................
.Tanuary 1. 1916........................................................................
Credited at other periods..................................................

$63,907 21
64,008 73
1,023 52

Average amount of each account January 1, 1916........................
Rate per cent, of dividends to depositors during the six
months ending June 30, 1915..........................................................
Rate per cent, of dividends to depositors during the six
months ending December 31, 1915.................................................
Total earnings of the bank for the year 1915, after allowing
for amortization of premiums and discounts.............................
Total expenses of the bank for the year 1915.................................
Interest paid to depositors for the year 1915...............................
Net earnings for the year 1915 over expenses and interest
paid to depositors..................................................................................




128,939 46
342 23

3V2
3 y2
$179,215 80
22,289 71
128,939 46
27,986 63

ULSTER COUNTY
124.

E L L E N V IL L E S A V IN G S B A N K , E L L E N V IL L E

[Canal street; incorporated 1869]
D W IG H T DIVIN E, President.
HENRY F. HOORNBEEK, Treasurer.
W ILLIA M H. DEYO, Vice-President.
JOHN A . TICE, Secretary.
J. W. DONALDSON, Vice-President.

TRUSTEES
D W IG H T DIVINE,
GEO. H. DUTCHER,
W ILLIA M H. DEYO,
JAMES B. SMITH,
ISAAC N. COX,
HENRY F. HOORNBEEK,

W EBSTER W ILKINSON,
G ILB E RT DU BOIS.
U. E. TE RW IL LIG E R ,
R. DW IG H T CLARK,
W ILLIA M C. ROSE,
C. D. DIVINE,
R. A. MONROE,

GEORGE B. HOLMES,
P H IL L IP S. PATTERSON
CORNELIUS H. SHEELY,
W ILLIA M A. HOAR,
G A R R E T LE ROY,
B E R T H. T E R W IL LIG E R .

FIN AN CIAL
RESOURCES

Bonds and mortgages...............................................
Stock and bond investments, v iz.:
S to c k s and bon ds

State o f Id ah o..............................
State o f Louisiana...................
Cities in other States.................
Cities in this State....................
Counties in this S tate............
Towns in this State...............
Villages in this State............
School districts in this State
Railroad mortgage bonds___

Par
value
$25,00000
10,000 00
200,50000
296,35000
118,000 00
171,700 00
409,541 58
123,500 00
203,000 00

$1,557,591 58

Banking
actual
Cash on
Cash on
Total of
Amount

$424,915 50

Original
Estimated
market value
cost
$25,250 00
$25,757 50
9,958 00
10,200 00
208,609 27
201,495 00
312,989 22
296,148 75
121,188 40
118,640 00
172,834 50
175,469 38
409,781 99
416,573 89
127,072 75
124,920 00
189,580 00
212,803 25
$1,610,421 66

$1,548,850 24

..................... ■■ -...........- - .............
house and lot, book value, $20,000; cost, $27,620.05;
cash value..................................................................................
deposit in banks or trust companies...............................
hand...............................................................................................
collectible interest.....................................................................
of all other assets, viz.: Land contract........................

1 ,5 48,8 50 24
20,000
130,153
5,451
36,034
200

00
18
91
12
00

$2 ,165,604 95
L IA B IL IT IE S

Amount due depositors, viz.:
Principal .................................................................................. $1,995,144 61
Dividends credited or to be credited fo r the six
months ending with December 31, 1915— .................
36,528 69

------------------ $2,031,673 30
Surplus on market value.........................................................................
133,931 65
$2 ,165,604 95
Surplus on par value, $142,672.99.
CASH TRANSACTIONS DURING THE YEA R 1915
RECEIPTS

Cash on hand and in banks or trust companies January 1,
1915, before transactions of the day...............................................
From depositors, not including dividends credited........................
From interest on loans, deposits and investments........................




[286]

$ 1 54 ,85S 17
406,554 18
92,723 35

U lster C o u n ty
From
From
From
From

2 87

rents frombankinghouse .... .........................................................
m ortgages.........................................................................................
redemption ofstocksand bonds.................................................
all other sources, viz.:

Shortage In cash located.....................................................
Insurance premiums advanced refunded........................

$1,573 00
18,425 00
71,741 66

$10 00
145 00

-------------------------------------- 15500
$746,030 36
PAYMENTS

To depositors, including dividends paid to them.................... .. . .
For loans on bonds and mortgages.....................................................
For stocks and bonds purchased, including premiums, commis­
sions, etc. (Total par value, $102,300)........................................
For interest (other than dividend payments to depositors) . . . .
For current expenses of the bank, viz.:
For salaries .............................................................................
F or taxes : Banking house. $820.65 ; surplus, $1,045.55 ;
on mortgages, $101.50.......................................................
For expenses, except taxes, o f banking house :
Repairs ..............................................................................
Insurance .........................................................................
Other ..................................................................................
For other expenses, not including expenses o f other
real estate nor other expenses o f banking h o u se ...

$477,027 26
20,300 00
103,654 87
943 70

$3,300 00
1,967 70
76 82
119 69
96 45
2,041 66

7,602 32
Other payments, viz.:
Insurance premiums advanced..........................................
Cash short ..............................................................................

$846 12
51 00

897 12
Cash on hand and in banks or trust companies December 31,
1915, after transactions of the day.................................................

135,605 09
$746,030 36

STATISTICAL INFORMATION
Number of open accounts January 1, 1916......................................
Number of accounts opened or reopened during the year.........
Number of accounts closed during the year...................................
Amount deposited during the year, not including dividends
credited for that period.......................................................................
Amount withdrawn during the year...................................................
Amount of dividends credited and paid for the year, viz.:
July 1, 1915................................................................................
January 1, 1916......................................................................

$406,554 18
477,027 26

$36,201 50
36,528 69

Average amount of each account January 1, 1916........................
Rate per cent, of dividends to depositors during the six months
ending June 30, 1915.........................................................................
Rate per cent, of dividends to depositors during the six months
ending December 31, 1915................................................................
Total earnings of the bank for the year 1915, after allowing
for amortization of premiums and discounts.............................
Total expenses of the bank for the year 1915.................................
Dividends paid to depositors for the year 1915.............................
Net earnings for the year 1915 over expenses and dividends
paid to depositors................................................................................




6,019
500
477

72,730
337 54
3& 4
3 &4
$92,840 46
7,602 32
72,730 19
12,507 95

288

R eport on S avings B anks
1 2 5 . K IN G S T O N S A V I N G S B A N K , K IN G S T O N

[273 W all s tr e e t; incorporated 1874]
MYRON TELLE R . President.
GEORGE BURGEVIN, Vice-President.
JOHN E. KRAFT, Vice-President.
CHARLES TAPPEN , Treasurer.

TRUSTEES
JAM ES A. BETTS,
GEORGE BURGEVIN,
ZADOC P. BOICE,
SAM BERNSTEIN.

E V E R E T T FOW LER,
JOHN E. K R A FT,
D. N. M ATHEW S.
JOHN J. CAM PBELL,
ABRAM D. ROSE.

CHARLES TA PPE N ,
MYRON TE LLE R ,
V. B. VAN WAGONEN,
LEVAN S. WINNE,

FIN AN CIAL
RESOURCES

Bonds and mortgages................................................................................ $2,370,233 80
Stock and bond investments, viz.:
Par
value
$25,000
45,200
25,000
703,589
26,000
266,153
482,029
70,677

S to c k s and b on d s

State Of New Y ork...................
State o f C olorado....................
Cities in other States..............
Cities in this State.................
Counties in this S tate............
Towns in this State...............
Villages in this State............
School districts in this State

00
00
00
08
00
00
64
50

Original
Estimated
cost
market value
$25,843 75
$25,500 00
45,200 00
39,776 00
25,837 50
26,250 00
693,545 62
690,054 08
25,975 00
25,830 00
274,781 12
268,742 00
486,365 11
481,278 39
71,608 61
70,402 50

$1,643,649 22 $1,649,156 71 $1,627,832 97
- ■ ------------------- -■

1 ,6 2 7 ,8 3 2 97

Banking house and lot, book value, $25,000; cost, $29,034.17;
actual cash value.....................................................................................
Other real estate, book value, $4,500; cost, $9,503.02; actual
cash value ...............................................................................................
Cash on depositin banksor trust companies...................................
Cash

25,000 00
4,500 00
298,156 44

on hand...................................................................................................

8 ,9 9 0 67

Total of collectibleinterest.....................................................................
Amount of all other assets, viz.:

63,836 57

Land contracts ......................................................................
Taxes advanced .....................................................................

$1,200 00
280 02

-------------------------------------- 1,480 02
$ 4 ,400 ,03 0 47
L IA B IL IT IE S

Amount due depositors, viz.:
P rincipal .................................................................................. $4,043,279 87
Dividends credited or to be credited fo r the six
m onths ending with December 31, 1915........................
77,670 12

------------------ $4 ,120,949 99
Surplus on market value.........................................................................
279,080 48
$ 4 ,400 ,03 0 47
Surplus on par value, $294,896.73.
CASH TRANSACTIONS DURING THE YEA R 1915
R E CEIPTS

Cash on hand and in banks or trust companies January 1,
1915, before transactions of the day...............................................
From depositors, not including dividends credited.........................
From interest on loans, deposits and investments........................
From rents from other real estate.....................................................
From mortgages .......................................................................................
From redemption of stocks and bonds...............................................
From loans paid.........................................................................................
From all other sources, viz.: Insurance premiums and taxes
advanced refunded ................................................................................




$314,325
717,542
188,049
281
107,315
148,152
10,000

15
58
70
40
00
34
00

4,361 17
$1 ,490,027 34

U lster C o u n t y

2 89

PAYM ENTS

$859,069 88
170,950 00

To depositors, including dividends paid to them..........................
For loans on bonds and mortgages...............................................
For loans on stocks and bonds and other securities....................
For stocks and bonds purchased, including premiums, commis­
sions, etc. (Total par value, $124,400) ........................................
For interest (other than dividend payments to depositors) . . . .
For current expenses of the bank, viz.:
For salaries ...........................................................
F or ta x e s: Banking house, $817.27 ; surplus, $2,441.30.
F or expenses, except taxes, o f banking h o u se :
Repairs .............................................................................
Insurance ..........................................................................
For expenses o f other real estate, v i z .:
Repairs ..............................................................................
Insurance ..........................................................................
Taxes ..................................................................................
For other expenses, not including expenses o f other
real estate nor other expenses o f banking h ou se...

10,000 00
125,392 00
282 10

$6,000 00
3,25857
102 70
62 50
112 04
136 77
168 39
2,681 32

12,522 29
Other payments, viz:
Insurance premiums and taxes advanced...................
Cash short ...........................................................................
Interest credited .................................................................

$4,641 19
19 81
2 96

4,663 96
Cash on hand and in banks or trust companies December 31,
1915, after transactions of the day...............................................

307,147 11
$1,490,027 34

S T A T IS T IC A L IN F O R M A T IO N

Number of open accounts January 1, 1916...................... ...............
Number of accounts opened or reopened during the year...........
Number of accounts closed during the year....................................
Amount deposited during the year, not including dividends
credited for that period.......................................................................
Amount withdrawn during the year...................................................

6,4 99
757
798
$717,542 58
859,069 88

Amount of dividends credited and paid for the year, v iz .:
Julv 1, 1915..............................................................................
$77,086 34
January 1, 1916........................................................................
77,670 12

Average amount of each account January 1, 1916.........................
Number of accounts which exceeded $3,000, exclusive of divi­
dends credited, at the last trial balance of depositors’
ledgers, except deposits arising from society accounts, or
judicial sales, or trust funds, or by order of a court of record
or of a surrogate.....................................................................................
Total amount of such accounts............................................................
Rate per cent, of dividends to depositors during the six months
ending June 30, 1915............................................................................
Rate per cent, of dividends to depositors during the six months
ending December 31, 1915...................................................................
Total earnings of the bank for the year 1915, after allowing
for amortization of premiums and discounts.............................
Total expenses of the bank for the year 1915.................................
Dividends paid to depositors for the year 1915.. .........................
Net earnings for the year 1915 over expenses and dividends
paid to depositors..................................................................................




10

154,756 46
634 08

3
$15,073 84
4
4
$189,215 19
12,522 29
154,759 42
21,933 48

R eport on S avings B anks

290
126.

NEW

P A L T Z S A V IN G S B A N K , N E W

PALTZ

[Incorporated 1871]
C. L. VAN ORDEN, President.

ABRAM B. DUBOIS, Secretary.

TRUSTEES
JESSE ELTINGE.
D A N IE L BLACK,
JOHN J. HULL,
A. W. W ILLIAM S,
THOMAS SNYDER,

PRAN K J. LEFEVRE,
ABRAM P. LEFEVRE,
C. I. LEFEVRE,
P H IL IP DEYO,
LU TH ER HASBROUCK,
C. L. VAN ORDEN.

JOSIAH P. LEFEVRE,
SIMON DUBOIS,
HOW ARD H. GRIMM,
EUGENE VAN W'AGENEN,
J. E. HASBROUCK, J b .,

FINANCIAL
RESOURCES

Bonds and mortgages........................
Stock and bond investments, v iz.:
S to ck s and bon d s

State o f Idaho ........................
State o f A rizona......................
Cities in other States............
Cities in this State.................
Counties in this S tate............
Towns in this S tate...............
Villages in this State............
School districts in this State
Railroad mortgage bonds___

Par
value
$25,000
10,000
10,000
265,502
109,000
147,137
214,800
75,250
29,000

$973,581 13

00
00
00
00
00
85
00
00
00

$885,689 85

Original
Estimated
cost
market value
$24,660 00
$24,250 00
10,206 50
10,400 00
9,570 00
9,800 00
269,928 96
268,322 79
110,335 20
110,560 00
149,216 20
146,256 62
216,927 89
215,398 20
76,011 25
76,090 00
28,147 00
20,180 00
$895,003 00

$881,257 61

881,257 61
Banking
actual
Cash on
Cash on
Total

of

house and lot, book value, $10,000; cost, $10,097;
cash value ................................................................................
deposit in banks or trust companies.................................
hand................................................................................................
collectible

10,000
101,328
10,438
29,086

interest....................................................................

Amount of all other assets, viz.: Rent of part of banking build­
ing ...............................................................................................................

00
92
86
22

32 00
$2,005 ,72 4 74

L IA B IL IT IE S

Amount due depositors, viz.:
Principal .................................................................................. $1,858,294 10
Dividends credited or to be credited fo r the six
months ending with December 31, 1915......................
36,162 23

------------------ $1,894,456 33
Surplus on market value.........................................................................
111,268 41
$2 ,005,724 74
Surplus on par value, $115,700.65.
CASH TRANSACTIONS DURING THE YEAR 1915
RECEIPTS

Cash on hand and in banks or trust companies January 1,
1915, before transactions of the day...............................................
From depositors, not including dividendscredited......................
From interest on loans, deposits andinvestments........................
From rents from banking house...................................
From m ortgages........................................................................................
From redemption of stocks and bonds.............................................
From all other sources, viz.:
Rent o f safe deposit boxes...............................................
Insurance premium returned ..........................................
received from m ortgage assigned...................................




$127,094
229,843
88,107
224
31,050
77,759

94
45
87
00
00
00

$91 50
15 39
25 00

$554,211 15

U lster C o u n ty

291

PAYM ENTS

To depositors, including dividends paid to them. .........................
For loans on bonds and mortgages.....................................................
For stocks and bonds purchased, including premiums, com­
missions, etc. (total par value, $54,000)....................................
For interest (other than dividend payments to depositors) . . .
For current expenses of the bank, viz.:
F or salaries ...........................................................................
For ta x es: Banking house, $207.42; surplus,$956.57...
F or expenses, except taxes, o f banking h ou se:
Repairs ..............................................................................
Insurance ..........................................................................
Other ..................................................................................
For expenses o f other real estate, v i z .:
Taxes ..................................................................................
For other expenses, not including expenses o f other
real estate nor other expenses o f banking
h o u se..

$308,012 28
72,950 00
54,257 02
430 18

$3,714 50
1,16399
110 45
48 60
216 02
6 30
83945

6,099 31
Other payments, viz.:
E rror in payment to depositor..........................................
Insurance premium advanced..........................................
Special expense installing new heating plant..............

$10 00
10 59
673 99

694 58
Cash on hand and in banks or trust companies December 31,
1915, after transactions of the day...............................................

111,767 78
$554,211 15

STATISTICAL INFORMATION
Number of open accounts January 1, 1916......................................
Number of accounts opened or reopened during the year...........
Number of accounts closed during the year....................................
Amount deposited during the year, not including dividends
credited for that period.......................................................................
Amount withdrawn during the year...................................................
Amount of dividends credited and paid for the year, viz.:
J u ly 1, 1915................................................................................................
J an u ary 1, 1916......................................................................................

$229,843 45
308,012 28

$36,288 56
36,162 23

Average amount of each account January 1, 1916......................
Rate per cent, of dividends to depositors during the six
months ending June 30, 1915..................................... ......................
Rate per cent, of dividends to depositors during the six
months ending December 31, 1915.................................................
Total earnings of the bank for the year 1915, after allowing
for amortization of premiums and discounts.............................
Total expenses of the bank for the year 1915...........................
Dividends paid to depositors for the year 1915...........................
Net earnings for the year 1915 over expenses and dividends
paid to depositors ................................................................................




3,152
284
310

72.450 79
601 03
4
4
$87,839 32
6,099 31
72.450 79
9,289 22

292

R eport on S avings B anks
127.

R O N D O U T S A V IN G S B A N K , K IN G S T O N

[20 Ferry stre e t; incorporated 1868]
J. E. DERREXBACH ER, President.
F. M. G R IF FIT H S , Vice-President.
T. C. COYKENDALL, Vice-President.
L. L. OSTERHOUDT. Secretary.
T. C. COYKENDALL,
JOHN S. THOMPSON,
W ESLEY D. HALE,
F.
H. G R IFFITH S,

TRUSTEES
F R E D ’ K STEPHAN, J r .,
A L EX A N D E R A. STERN,
J. D. SCHOONMAKER,
EDW ARD COYKENDALL,
J. E. DERREN BACH ER.

JAM ES G. ROSE,
H A R R Y H. FLEM ING,
NICHOLAS STOCK,
L. L. OSTERHOUDT,

FINANCIAL
RESOURCES

Bonds and mortgages........... ....................................................................
Stock and bond investments, viz.:
Par
value
State o f New Y ork...................
$20,000
Cities in this S tate................. 1,073,056
Counties in this S tate............
338,500
Towns in this State...............
84,800
Villages in this State..............
55,129
School districts in this State
25,000
S to ck s and b on d s

00
04
00
00
67
00

$1,596,485 71

$2,228,212 00

Original
Estimated
cost
market value
$21,725 00
$22,400 00
1,108,362 68
1,059,335 04
380,697 30
338,230 00
87,822 30
83,474 00
57,985 86
55,072 77
25,000 00
25,113 00
$1,681,593 14

$1,583,624 81

------------------ ------- ---------- ■
Other real estate, book value, $18,418.64; cost, $19,635.96;
actual cash value..................................................................................
Cashon deposit inbanksor trust companies......................................
Cash
on hand.............................................................................................
Total
of collectibleinterest....................................................................
Amount of all other assets, viz.:
R ent accrued ........................................................................................

Land contract ........................................................................

1,583,6 24 81
18,495
293,302
26,484
59,616

00
37
72
88

$223 00

155 50

-------------------------------------- 37850
$4 ,210 ,11 4 28
L IA B IL IT IE S
A m ount, due depositors, viz.:
Principal ..................................................................................$3,836,865 35
Dividends credited or to be credited fo r the six
m onths ending with December 31, 1915.........- ...........
73,689 03

------------------ $3 ,910 ,55 4 38
Surplus on market value.........................................................................
299,559 90
$4 ,210 ,11 4 28
Surplus on par value, $312,420.80.
CASH TRANSACTIONS DURING THE YEA R 1915
RECEIPTS

Cash on hand and in banks or trust companies January 1,
1915, before transactions of the day...............................................
From depositors, not including dividends credited.........................
From interest on loans, deposits and investments.........................
From rents from other real estate........................................................
From mortgages .........................................................................................
From redemption of stocks and bonds...............................................
From real estate sold..............................................................................
From all other sources, viz.:
Land contract ........................................................................
Recording repaid .................................................................
Insurance repaid .................................................................
M ortgage repaid .....................................................................




*24 50
"
zs

$409,704
778,540
178,410
951
205,895
50,883
1,620

69
87
06
50
00
98
00

U lster C o u n ty

293

Expenses repaid
Repairs...............

$9 82
5 00

---------

$372 37
$1,626,378 47

PAYMENTS
To depositors, including dividends paid to them........................
For loans on bonds and mortgages.....................................................
For stocks and bonds purchased, including premiums, commis­
sions, etc. (total par value, $154,612.08)......................................
For interest (other than dividend payments to depositors) . . . .
For current expenses of the bank, viz.:
F or salaries .............................................................................
For ta x e s: Surplus, $2,771.44 ; on mortgages, $200___
For rent o f banking room s.................................................
F or expenses o f other real estate, v i z .:
Repairs ..............................................................................
Insurance ..........................................................................
Taxes ..................................................................................
For other expenses, not including expenses of
other real estate nor other expenses o f banking
house................................................................................

$868,470 68
163,800 00
156,247 81
1,181 07

$6,399 98
2,97144
1,200 00
309 60
7 50
336 99
3,303 31

14,528 82
For real estate acquired by foreclosure, or in settlement of
debts due the bank................................................................................
Other payments, viz.:
Loan repaid ..........................................................................
Recording advanced
.....................................................
Insurance premium advanced............................................
Repairs advanced on land con tra ct.................................

$100,000
13
293
55

2,000 00

00
22
89
89

100,363 00
Cash on hand and in banks or trust companies December 31,
1915, after transactions of the d a y . . ............................................

319,787 09
$1 ,626,378 47

STATISTICAL INFORMATION

Number of open accounts January 1, 1916.................................

7 ,0 6 8

Number of accounts opened or reopened during the year...........
Number of accounts closed during the year......................................
Amount deposited during the year, not including dividends
credited for that period.......................................................................
Amount withdrawn during the year...................................................
Amount of dividends credited and paid for the year, viz.:

973
938

July 1. 1915 .............................................................................
January 1, 1916 ......................................................................

$72,579 66
73,689 03

Average amount of each account January 1, 1916........................
Rate per cent, of dividends to depositors during the six months
ending June 30, 1915...........................................................................
Rate per cent, of dividends to depositors during the six months
ending December 31, 1915...................................................................
Total earnings of the bank for the year 1915, after allowing
for amortization of premiums and discounts.............................
Total expenses of the bank for the year 1915.................................
Dividends paid to depositors for the year 1915.............................
Net earnings for the year 1915 over expenses and dividends
paid to depositors..................................................................................




$778,540 87
S6S,470 68

146,268 69
553 27
4
4
$177,003 40
14,528 82
146,268 69

16,205 89

R eport on S avings B anks

294
128.

SAUGERTIES SAVINGS BANK, SAUGERTIES

[244 Main street; incorporated 1871]
A LBERT CARNRIGHT, President.
LOUIS J. BUTZEL, Vice-President.
JAM ES T. M AXW ELL, Vice-President.
J. A. FR ELE IG H , Secretary.

TRUSTEES
J. H. VAN GELDER,
JOHN W SHULTS.
r.
A L B E R T CARNRIGHT,
THEO. B. CORNWALL,
LOUIS J. BUTZEL,

JAMES T. M AXW ELL,
MYRON BEDELL,
ED. M. 'WILBUR,
CHARLES LUSK,
CHARLES H. LAMB,

ORV ILLE M. CARN,
BYRON L. DAVIS,
JOHN SEAMON,
J. C. SUDERLEY.
M ARTIN CANTINE.

FINANCIAL
RESOURCES

Bonds and mortgages
Stock and bond investments, viz.:

$470,879 50

Par
value
$10,000 00
29,500 00
425,240 00
128.000 00
171,868 17
405,097 12
259,329 20
78,000 00

S to c k s and b on d s

State o f New Y ork ...................
Cities in other S tates............
Cities in this S tate...............
Counties in this State............
Towns in this State...............
Villages in this State............
School districts in this State
Railroad mortgage bonds___

$1,507,034 49

Original
Estimated
market value
cost
$10,100 00
$10,000 00
30,300 00
31,238 60
432,020 86
395,519 20
132,329 82
128,910 00
175,968 23
174,707 92
411,256 97
407,142 31
263,916 92
261,527 12
88,446 80
77,550 00
$1,543,917 89

$1,487,016 86

1,487,016 86

200 00

Loans upon pledge of securities............................................................
Banking house and lot, book value, $3,000; cost, $10,000;
actual cash value..................................................................................
Other real estate, book value, $32,509.55; cost, $35,009.55;
actual cash value..................................................................................

32,509 55

Cash on deposit in banks or trust companies...................................

212,126 90

Cash on hand................................................................................................
Total of collectible interest...................................................................
Amount of all other assets, viz.:

13,772 37
34,579 24

Insurance premiums and tax accou n t.........................
Land contracts ......................................................................
Rents due and accrued :
Bank building .................................................................
Other real estate............................................................

3,000 00

$370 77
2,150 00
110 00
531 76

------------------

3,162 53
$2,257,246 95

L IA B IL IT IE S

Amount due depositors, viz.:
Principal .................................................................................. $2,027,500 88
Dividends credited or to be credited fo r the six
months ending with December 31, 1915......................
39,150 74

------------------ $2,066,657 62
Surplus on market value.........................................................................
190,589 33
$2,257,246 95
Surplus on par value, $210,606.96.
CASH TRANSACTIONS DURING THE YEAR 1915
RECEIPTS

Cash on hand and in banks or trust companies January 1,
1915, before transactions of the day...............................................
From depositors, not including dividendscredited.......................
From interest on loans, deposits andinvestments..........................
From rents from banking house..........................................................
From rents from other real estate.....................................................
From mortgages .........................................................................................
From redemption of stocks and bonds...............................................




$249,296
339,649
93,966
243
1,408
10,547
116,684

74
39
50
00
34
00
30

U lster C o u n ty

295

From all other sources, viz.:
On land con tra ct....................................................................
Back rent collected on property sold.............................

$50 00
136 00

------------------

$186 00
$811,981 27

PAYM ENTS

To depositors, including dividends paid to them...........................
For loans on bonds and mortgages.......................................................
For loans on stocks and bonds and other securities....................
For stocks and bonds purchased, including premiums, commis­
sions, etc. (total par value, $122,092.34)......................................
For interest (other than dividend payments to depositors) . . . .
For current expenses of the bank, viz.:
For salaries ...........................................................................
For ta x e s : Banking house, $228.04 ; surplus, $1,644.20;
on mortgages, $76............................................................
F or expenses, except taxes, o f banking h o u se :
Repairs .............................................................................
Insurance ..........................................................................
O t h e r ..................................................................................
For expenses o f other real estate, v i z .:
Repairs ..............................................................................
Insurance ............................................... 1.........................
T a x e s ..................................................................................
O t h e r ..................................................................................
F or other expenses, not including expenses o f other
real estate nor other expenses o f banking h ou se...

$432,315 17
20,325 00

200 00
124,517 45
1,738 47

$2,400 00
1,948 24
73 66
38 50
13 00
239
70
491
233

68
24
90
12

1,466 70

Other payments, viz.: Insurance and taxes advanced
Cash on hand and in banks or trust companies December 31,
1915, after transactions of the day...............................................

6,975 04
10 87
225,899 27
$811,981 27

STATISTICAL INFORMATION
Number of open accounts January 1, 1916......................................
Number of accounts opened or reopened during the year...........
Number of accounts closed during the year....................................
Amount deposited during the year, not including dividends
credited for that period.......................................................................
Amount withdrawn during the year...................................................
Amount of dividends credited and paid for the year, viz.:
July 1, 1915..............................................................................
January 1, 1916........................................................................

$339,649 39
432,315 17

$38,596 42
39,150 74

Average amount of each account January 1, 1916......................
Rate per cent, of dividends to depositors during the six months
ending June 30, 1915............................................................................
Rate per cent, of dividends to depositors during the six months
ending December 31, 1915................................................................
Total earnings of the bank for the year 1915, after allowing
for amortization of premiums and discounts.............................
Total expenses of the bank for the year 1915.................................
Dividends paid to depositors for the year 1915.............................
Net earnings for the year 1915 over expenses and dividends
paid to depositors..................................................................................




3,996
358
358

77,747 16
517 18
4
4
$92,107 49
6,975 04
77,747 16

7,385 29

296

R eport on S avings B anks
129.

U L S T E R C O U N T Y S A V IN G S IN S T IT U T IO N , K IN G S T O N

[280 W all stre e t; incorporated 1851]
E. H. LOUGHRAN, President.
JOHN B. A L LIG E R , Treasurer.
G. W. W ASHBURN, Vice-President.
J. M. SCH AEFFER. Secretary.
H. R. BRIGHAM , Vice-President.
TRUSTEES
JOHN B. ALLIGER,
H ARRY R. BRIGHAM ,
HOWARD CHIPP.
P H IL IP ELTING,

GEORGE HUTTON,
E. H. LOUGHRAN,
jo h n l . m cg r a th ,
G. D. B. HASBROUCK,
CHARLES S. WOOD.

GEO. W. W ASHBURN,
J. M. SCHAEFFER,
A. W. THOMPSON,
OGDEN F. W INNE,

FINANCIAL
RESOURCES

Bonds and mortgages ............................................................................. $2,789,251 00
Stock and bond investments, viz.:
S to c k s and b o n d s

State of U tah............................
Cities in other States............
Cities in this S tate...............
Counties in this S tate............
Towns in this State...............
Villages in this S tate............
School districts in this State
Railroad m ortgage bon ds___

Par
value
$25,000
45,000
1,003,479
151,500
284,977
380,195
124,070
150,000

00
00
04
00
00
00
00
00

$2,164,221 04

Original
Estimated
cost
market value
$26,500 00
$25,000 00
46,166 90
44,900 00
1,018,921 93
985,980 59
153,690 00
159,673 68
289,183 79
281,637 00
376,516 00
385,524 84
123,164 20
122,971 62
127,500 00
144,562 50
$2,193,505 26

$2,118,387 79

2,1 18,3 87 79
Banking house and lot, book value, $45,000; cost, $75,000;
actual cash value ..................................................................................
Other real estate, book value, $9,340; cost, $18,714.45; actual
cash value ................................................................................................
Cash on deposit in banks or trust companies...............................
Cash on hand .............................................................................................
Total of collectible interest...................................................................
Amount of all other assets, v iz.:
Land contracts .....................................................................
Insurance advanced ............................................................
Taxes advanced ...................................................................
Rents accrued ...............................

45,000 00
9,340
334,309
47,303
68,168

00
12
36
19

$21,140 00
54173
2,136 67
900 (X
)

24,718 40
$5,436,477 86
L IA B IL IT IE S

Amount due depositors, viz.:
Principal .................................................................................. $5,102,357 42
Dividends credited or to be credited for the six
months ending with December 31, 1915......................
98,187 32

------------------ $5 ,200 ,54 4 74
Surplus on market value.........................................................................
235,933 12
$5,436,477 86
Surplus on par value, $281,766.37.
CASH TRANSACTIONS DURING THE YEAR 1915
R E CEIPTS

Cash on hand and in banks or trust companies January 1,
1915, before transactions of the day...............................................
From depositors, not including dividendscredited......................
From interest on loans, deposits andinvestments.......................
From rents from banking house.........................................................
From rents from other real estate....................................................
F^om m ortgages.........................................................................................




$26.1,875
938,965
230,973
2,183
441
157,741

53
70
70
70
00
00

U lster C o u n ty

297

From redemption of stocks and bonds.............................................
From real estate sold................................................................................
From all other sources, viz.:
Land contracts ......................................................................
Insurance advanced ..............................................................
Taxes advanced .......

$160,962 02
200 00

$50 00
904 78
874 47

-------------------------------------- 1,829 25
$1,755,171 90
PAYM ENTS

To depositors, including dividends paid to them........................ $1,083,656 74
For loans on bonds and mortgages...................................................
101,025 00
For stocks and bonds purchased, including premiums, com­
missions, etc. (total par value, $170,047.62).............................
168,430 47
For current expenses of the bank, viz.:
P or salaries ...........................................................................
For taxes : Banking house, $1,545.89; surplus, $1,917.43.
F or expenses’, except taxes, o f banking h o u se :
Repairs ...........................................
Insurance .........................................................................
For expenses o f other real estate, v i z .:
Repairs ..............................................................................
Insurance ..........................................................................
Taxes ..................................................................................
For other expenses, not including expenses of other
real estate nor other expenses o f banking house..

$8,400 00
3,463 32
266 57
323 09
688 70
162 37
384 17
3,756 22

-----------------For real estate acquired by foreclosure, or in settlement of
debts due the bank................................................................................
Other payments, viz.:
Insurance advanced ............................................................
Taxes advanced .....................................................................
Charged to profit and loss.................................................

17,444 44
1,340 00

$877 11
593 50
192 16

1,662 77
Cash on hand and in banks or trust companies December 31,
1915, after transactions of the day...............................................

381,612 48
$1,755,171 90

STATISTICAL INFORMATION
Number of open accounts January 1, 1916......................................
Number of accounts opened or reopened during the year.........
Number of accounts closed during the year......................................
Amount deposited during the year, not including dividends
credited for that period.......................................................................
Amount withdrawn during the year.................................................
Amount of dividends credited and paid for the year, viz.:
July 1, 1915................................................................................
January 1, 1916........................................................................

$938,965 70
1,083 656 74

$96,653 89
98,187 32

Average amount of each account
January 1,
1916.
Rate per cent, of dividends to depositors during the six
months ending June 30, 1915...................... .....................................
Rate per cent, of dividends to depositors during the six
months ending December 31, 1915...............................................
Total earnings of the bank for the year 1915, after allowing
for amortization of premiums and discounts...............................
Total expenses of the bank for the year 1915................•
................
Dividends paid to depositors for the year 1915.............................
Net earnings for the year 1915 over expenses and dividends
paid to depositors ..............................................................................




9,322
1,104
1,155

194.841 21
557 87
4
4
$231,616 85
17,444 44
194.841 21

19,331 20

WESTCHESTER COUNTY
130.

T H E B A N K F O R S A V I N G S OF O S S IN IN G , O S S IN IN G

[Main stre e t; incorporated 1854]
C. T. YOUNG, President.
DUDLEY B. HOLBROOK, Treasurer.
GEORGE HYATT, Vice-President.
SETH G. ELLEGOOD, Secretary.
W ILBUR F. FOSHAY, Vice-President.

C. TOWNSEND Y O U N G ,
THEODORE H. CALAM,
SETH G. ELLEGOOD,
W ILBUR F. FOSHAY.

TRUSTEES
W ARREN A. MINER,
GEORGE HYATT,
DUDLEY B. HOLBROOK,
JACOB CHADEAYNE,
LEONARD A. BALLARD.

G. S. H IL L IK E R ,
LOUIS F. W ASHBURNE,
EDW IN L. TODD,
JOHN P. HOBBIE,

FIN AN CIAL
RESO U RCES

Bonds and mortgages.................................................................................. $2,500,452 00
Stock and bond investments, viz.:
Stocks and bonds
Cities in other States............
Cities in this State...................
Counties in this State............
Towns in this S tate...............
Villages in this State............
School districts in this State
Railroad mortgage bonds___

Par
value
$105,000
186,000
26,742
43,000
242,392
105,650
385,000

Original
Estimated
cost
market value
$113,090 75
$107,450 00
187,442 35
179,140 00
25,405 00
28,500 20
45,729 76
43,910 00
247,294 99
243,889 00
110,466 39
106,878 00
381,489 17
325,600 00

00
00
00
00
00
00
00

$1,093,78-4 00

$1,114,013 61

$1,032,272 00

1,032,272 00
Banking
actual
Cash on
Cash on
Total of

house and lot, book value, $68,500; cost, $79,653.63;
cash value..................................................................................
deposit in banks or trust companies.................-...............
hand...............................................................................................
collectible interest.....................................................................

68,500
226,417
9,394
65,192

00
97
66
51

$3,902,229 14
L IA B IL IT IE S

Amount due depositors, viz.:
Principal ................................................................................ $3,469,377 33
Dividends credited or to be credited fo r the six
months ending with December 31, 1915.......................
65,960 24

------------------ $3 ,535,337 57
Surplus on market value.........................................................................
366,891 57
$3,902,229 14
Surplus on par value, $428,403.57.
CASH TRANSACTIONS DURING THE YEA R 1915
RECEIPTS

Cash on hand and in banks or trust companies January 1,
1915, before transactions of the day...................... ........................
From depositors, not including dividends credited........................
From interest on loans, deposits and investments........................
From rents from banking house............................................................
From mortgages .........................................................................................




[298]

$220,858
691,466
173,556
322
186,283

14
93
21
00
00

W estchester C ounty

299

From redemption of stocks and bonds.................................................
From stocks and bonds sold (total par value, $7 1,300)...........
From all other sources, viz.: Insurance premiums advanced
refunded ....................................................................................................

$55,058 83
71,300 00
12 50
$1,398,857 61

PAYM ENTS

To depositors, including dividends paid to them.............................
For loans on bonds and mortgages.....................................................
For stocks and bonds purchased, including premiums, commis­
sions, etc. (total par value, $118,543.58)....................................
For interest (other than dividend payments to depositors) . . . .
For current expenses of the bank, viz.:
For salaries ...........................................................................
For taxes : Banking house, $1,177.84; surplus, $3,363.38.
For expenses, except taxes, o f banking house : Repairs
F or other expenses, not including expenses o f other
real estate nor other expenses o f banking h o u se ...

$762,616 65
259,500 00
122,874 30
160 25

$10,440 00
4,541 22
207 48
2,692 58

Other payments, viz.: Insurance premiums advanced................
Cash on hand and in banks or trust companies December 31,
1915, after transactions of the day.................................................

17,881 28
12 50
235,812 63
$1 ,398,857 61

STATISTICAL INFORMATION
Number of open accounts January 1, 1916......................................
Number of accounts opened or reopened during the year...........
Number of accounts closed during the year......................................
Amount deposited during the year, not including dividends
credited for that period.......................................................................
Amount withdrawn during the year...................................................
Amount of dividends credited and paid for the year, viz.:
July 1, 1915..............................................................................
January 1, 1916........................................................................

$691,466 93
762,616 65

$66,174 81
65,960 24

Average amount of each account January 1, 1916.........................
Rate per cent, of dividends to depositors during the six months
ending June 30, 1915............................................................................
Rate per cent, of dividends to depositors during the six months
ending December 31, 1915...................................................................
Total earnings of the bank for the year 1915, after allowing
for amortization of premiums and discounts.............................
Total expenses of the bank for the year 1915...............................
Dividends paid to depositors for the year 1915.............................
Net earnings for the year 1915 over expenses and dividends
paid to depositors..................................................................................




5,727
743
662

132.135 05
617 31
4
4
$176,226 17
17,881 28
132.135 05
26,209 84

300

R eport
131.

on-

S avings B anks

EASTCHESTER SAVINGS BANK, MOUNT VERNON
[9 South Third av en u e; incorporated 1871]

GEORGE H. BROWN, President.
SAM UEL W. BERTIN E, Vice-President.

OLIVER A. W ESTFA LL, Secretary.

TRUSTEES
J. M ORTIM ER BELL.
SAMUEL W. BERTIN E,
GEORGE H. BROWN,
A. M. CAMPBELL,

FR AN K LIN T. DAVIS,
J. M ILFOR D M cK EE ,
JONAH ROCKETT.
THEODORE TAYLOR,
JAMES S. VAN COURT.

OLIVER A. W ESTFA LL,
M A RX W INTJEN.
CH A R LE S ROCKW ELL,
‘G HYM OH D S 3T H V H 0

FINANCIAL
RESOURCES

Bonds and mortgages................................................................................ $1 ,780,918 13
Stock and bond investments, viz.:
Par
value
$10,000
35,000
317,500
128,108
15,000
52,500
78,300
57,520
335,000

S to c k s and bon d s

State of L ouisiana..................
State o f New M exico...............
Cities in other States............
Cities in this State...................
Counties in this State............
Towns in this State...............
Villages in this State............
School districts in this State
R ailroad m ortgage bonds___

00
00
00
33
00
00
00
00
00

$1,028,928 33

Original
Estimated
market value
cost
$9,975 00
$10,600 00
38,437 00
38,437 00
326,151 58
318,640 80
133,378 34
127,472 99
16,856 25
15,000 00
53,914 00
53,901 20
80,517 41
80,693 80
62,343 20
61,331 88
305,382 92
246,050 00
$1,026,955 70

$952,127 67

952,127 67
Banking house and lot, book value, $13,500; cost, $17,362.76;
actual cash value ..................................................................................
Other real estate, book value, $18,412.47; cost, $18,412.47;
a c tu a l cash v a lu e

13,500 00
18,412
258,319
2,004
32,308

.......................... ........................................................

Cash on deposit in banks or trust companies.................................
Cash on hand ..................................................................... ........................
Total of collectible interest...................................................................
Amount of all other assets, viz.: Insurance premiums and
taxes advanced .......................................................................................

47
28
09
96

175 11
$ 3 ,057 ,76 5 71

L IA B IL IT IE S

Amount due depositors, viz.:
Principal .................................................................................. $2,848,084 21
Dividends credited or to be credited fo r the six
months ending with December 31, 1915........................
52,349 72

------------------ $2 ,900 ,43 3 93
Surplus on market value.........................................................................
157,331 78
$ 3 ,057 ,76 5 71
Surplus on par value, $234,132.44.
CASH TRANSACTIONS DURING THE YEA R 1915
RECEIPTS

Cash on hand and in banks or trust companies January 1,
1915, before transactions of the day...............................................
From depositors, not including dividends credited.........................
From interest on loans, deposits and investments.........................
From rents from banking house............................................................
From rents from other real estate........................................................
From mortgages . . .................................................
From redemption of stocks and bonds...............................................
From stocks and bonds sold (total par value, $2 5,000)...........




$237,706
1,0 2 6 ,5 4 0
144,036
1,036
135
72,116
15,640
25,000

66
00
94
50
00
87
00
00

W estchester C ounty

301

From all other sources, viz.:
Satisfaction pieces ..............................................................
Insurance premiums and taxes advanced, refu n d ed ..
Cash over ................................................................................

$29 75
535 05
296 24

------------------

$861 04
$1 ,523 ,07 3 01

PAYM ENTS

To depositors, including dividends paid to them...........................
For loans on bonds and mortgages.....................................................
For stocks and bonds purchased, including premiums, com­
missions, etc. (total par value, $107,000).................................
For interest (other than dividend payments to depositors) . . . .
For current expenses of the bank, viz.:
F or salaries ..................................................................
For ta x e s: Banking house, $237.34 ;surplus, $1,193.57.
F or expenses, except taxes, o f banking house:
Repairs ..............................................................................
Insurance ..........................................................................
Other ..................................................................................
For expenses o f other real estate, v i z .:
Repairs ......................... '....................................................
Insurance ..........................................................................
Taxes ..................................................................................
Other ..................................................................................
F or other expenses, not including expenses o f other
real estate nor other expenses o f banking h o u se ...

$949,352 56
171,850 00
113,049 01
1,540 65

$10,400 00
1,430 91
124 96
48 00
251 14
,
580
42
252
2

29
00
35
55

99455

-------------------------------------- 14,126 75
For real estate acquired by foreclosure, or in settlement of
debts due the b an k ................................................................................
12,412 47
Other payments, viz.:
Insurance premiums and taxes advanced......................
Over in teller’s cash corrected........................................

$143 21
274 99

-------------------------------------- 41820
Cash on hand and in banks or trust companies December 31,
1915, aftertransactions of the day.............................................
260,323 37
$1,523,073 01
STATISTICAL INFORMATION
7,694
Number of open accounts January 1, 1916......................................
1,316
Number of accounts opened or reopened during the year...........
890
Number of accounts closed during the year......................................
Amount deposited during the year, not including dividends
credited for that period..................................................................... $1,026,540 00
949,352 56
Amount withdrawn during the year...................................................
Amount of dividends credited and paid for the year, v iz.:
July 1, 1915...............................................................................
January 1, 1916.........