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No. 8.

P U B L IC D O CU M EN T.

AN N U AL REPORT

OF

TH E

\ O aU3 '

* * * * * * ..........................

B oard of Commissioners

SAYINGS BANKS.

1889 .

BOSTON:
WRIGHT & POTTER PRINTING CO., STATE PRINTERS,


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Federal Reserve Bank of St. Louis

18 P ost Office Square .
1890.


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Federal Reserve Bank of St. Louis

3 3.S.I
WV38(o
5*1

•

Commontouillh of Ifiassacbusctts
O f f ic e

of t h e

B oard

of

C o m m issio n e r s

of

S a v in g s B a n k s ,

C o m m o n w e a l t h B u i l d i n g , B o sto n ,

Dec. 31, 1889.

l o the Honorable the Senate and House o f Representatives in General Court
assembled.

The Board o f Commissioners o f Savings Banks, in accord­
ance with provisions o f law, have the honor to present herewith
their fourteenth annual report, relating to the condition o f the
Savings B anks and I nstitutions for Savings ,
Safe D eposit and T rust Companies,
Co- operative Banks ,
L oan Companies, and
M ortgage L oan and I nvestment Companies.

A balance sheet o f each institution, showing its financial con­
dition Oct. 31, 1889, will be found in the succeeding pages.

SAVINGS

BANKS.

The total number o f savings banks and institutions for savings
is 177, an increase o f one over last year, viz. : —
The Everett Savings Bank, incorporated March 1, 1889.

The Shawme Savings Bank o f Sandwich, chartered in 1886,
has not yet commenced business, and is not included in the
above number.
B anks

in the

H ands

of

K eceivers .

Lancaster Savings Bank.
Id

The long-pending suit to recover funds on deposit in the
Lancaster National Bank has been decided in favor o f the
savings bank, and a final dividend, amounting probably to

o

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Federal Reserve Bank of St. Louis

VI

B A N K CO M M ISSIO N E R S’ R E P O R T .

[Jan.

seven per cent., will soon be paid, making a total dividend to
the depositors o f sixty and one-third per cent. A statement o f
its financial condition will be found on page 681.
Reading Savings Bank.
This bank was placed in the hands o f receivers in 1879.
Many complications, legal and otherwise, have greatly delayed
a final settlement, but all matters have now been settled or
arranged for settlement, and a final account will undoubtedly
be rendered within three months, and the affairs o f this bank
closed up without further delay. A statement o f its financial
condition will be found on page 682.
Framingham Savings Bank.
The injunction o f the supreme judicial court is still in force,
the bank transacting all business except the paying and receiv­
ing o f deposits. The outlook for a speedy resumption o f busi­
ness and the consequent removal o f the injunction is very
favorable indeed.
All losses have been charged oft’, including those caused by
the transactions o f C. C. Esty.
The assets have been carefully examined, and there is no
reason to doubt their present-named values, or to expect any
further shrinkage.
The statement or balance sheet, to be found on page 204,
shows that the assets at the values named therein are sufficient
to pay every deposit account in full.
‘It is confidently hoped and expected that this bank will
resume business next May or June, and pay a dividend at that
time.
Union Savings B ank.
The partial injunction placed upon this bank Oct. 1, 1888,
made necessary by the actions o f its treasurer, who also held
the position o f cashier o f the National Union Bank, doing busi­
ness in the same room and at the same counter as the savings
©
bank, will without question be removed May 1 next, and the
depositors then receive the usual dividend.
The loss to this bank arose principally from insecure loans,
which appear to have been made to cover up fraudulent trans­
actions between the two banks ; but, appearing in legal form


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Federal Reserve Bank of St. Louis

1890.]

P U B L IC D O CU M EN T — No. 8.

vii

and in the usual course o f business, no redress could be claimed
o f the National Union Bank or any other party, and therefore
the loss had to be sustained by the savings bank, necessitating
a cessation o f three dividends, which is one less than this Board
believed would be necessary when the irregularities between
the two banks were first discovered.
The suit against the National Union Bank to recover the value
o f certain overdraft checks, the property o f the National Union
Bank, placed in the savings bank by the late cashier, and
referred to in our last report, has been decided in favor o f the
savings bank, and the full value thereof ($30,562.00), with
interest at the rate o f six per cent, (a total o f $32,452.49) has
been paid to the savings bank. The depositors are to be con­
gratulated on the settlement o f this claim, and the recovery
of the full amount with interest, thus saving a large loss to
the bank, as well as preventing a delay o f at least one year in
the resumption o f business.
The statement o f condition or balance sheet o f this bank will
be found on page 568, showing a very favorable and sound con­
dition. All the assets o f the bank o f every kind have bben
closely scrutinized by the trustees, even to a personal examina­
tion o f every real-estate loan ; and nothing appears upon the
statement which has not at this date its full value.
It should be stated that a portion o f the loss accruing to this
bank was caused by a re-rating o f the value o f the banking
house. It was formerly carried on the books at $37,200; it
now appears at $25,000, — a reduction or loss o f $12,200.
This value is considered conservative. The building had been
neglected for years, and was badly out o f repair ; certain repairs
were imperative, and a small outlay was necessary in order to put
the building in a safe and tenantable condition, which amount
has been charged to expense. The banking room is now in
good condition, and will not require any further outlay for some
years to come.
The bank will resume business under an almost entirely new
board ot trustees and corps ot officers,— men o f financial
strength, business ability, and having the unqualified confidence
o f the community, — who are not identified officially with the
National Union Bank, now occupying the same banking room.
The business o f the savings bank is as distinct from the National


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Federal Reserve Bank of St. Louis

viii

B A N K CO M M ISSIO N E R S’ R E P O R T .

[Jan.

Union Bank in its methods o f transacting business, and its
officers, as if in a separate building.
The financial strength o f the bank and the ability o f the
management entitle it to, and no doubt it will receive, the
confidence and co-operation o f its depositors and the community.
I ncrease

of

B usiness .

W ithin the past year one savings bank and twenty-seven
co-operative banks have commenced business, making a total
under the supervision o f this Board o f —
177 savings banks and institutions for savings,
with assets o f , ...........................................
93 co-operative banks, with assets of,
13 trust companies, with assets of, .
.
.
2 mortgage loan companies, with assets of, .
2 collateral loan companies, with assets of, .
2 savings banks in the hands of receivers,
with assets o f , ...........................................
289 institutions, with assets of, .

.

.

.

$350,072,392
7,106,751
67,603,464
1,834,737
375,378

12
77
02
64
59

563,579 67
$427,556,303 81

an increase o f 28 institutions in number and o f $25,864,881.76
in assets over last year.
Analytical Statement.

DEPOSITS, WITHDRAWALS, ETC.

Oct. 31, 1S89.

Increase.

Deorease.

Number of open a c c o u n ts ,......................................

1 ,0 2 9 ,6 9 4

4 6 ,4 9 2

-

Number of d e p o s i t s , ...............................................

9 9 2 ,3 7 6

7 1 ,0 6 2

-

Number of -w it h d r a w a ls ,......................................

6 9 7 ,2 2 0

3 8 ,0 6 7

-

Amount deposited (not including dividends), .

$ 6 7 ,6 0 9 ,3 3 8 4 7

$ 6 ,6 0 5 ,3 8 0 62

Average of deposits......................................................

68 13

1 92

-

6 2 ,5 8 7 ,5 4 9 77

1 ,7 8 7 ,1 9 5 60

-

Amount withdrawn (including dividends),
Average of w i t h d r a w a l s ,......................................

89 77

-

$ 2 47

Amount of expenses.....................................................

* 8 2 7 ,6 1 9 26

4 4 ,4 6 0 44

-

Total earnings..................................................................

1 6 ,9 1 9 ,0 6 9 80

3 5 9 ,1 5 8 30

-

Total ordinary dividends............................................

1 2 ,3 5 9 ,5 1 8 48

3 2 6 ,9 1 9 57

-

Total extra dividends...................................................

1 6 2 ,4 7 7 95

1 4 3 ,3 9 3 33

“


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Federal Reserve Bank of St. Louis

* Being 236-1000 of one per cent, of total assets.

1890.]

PU B L IC DO CU M EN T — No. 8.

ix

This year shows the largest yearly increase in deposits and
also in assets since 1875.
•

The increase in deposits for the year ending Oct
31, 1889, i s ...........................................•
The increase in assets for the year ending Oct
31, 1889, i s ...................................................

$17,538,618 02
18,865,525 53

The difference between these two amounts shows the increase
in guaranty fund, undivided earnings, etc.
The total assets o f the one hundred and seventy-seven savings
banks o f this Commonwealth, $350,072,392.12, are exceeded
by no other State except New Y ork, in which they are
$615,889,796 ; but, when considered from the stand-point o f
size and population, we surpass even that great State, inas­
much as the number o f deposit accounts are 1,029,694, against
1,362,852 in New Y ork, and the increase o f open accounts for
the year exceed by 634 those o f New Y ork.
It is also gratifying to note that on the same grounds we
exceed the deposits o f the savings banks in Great Britain.
The average deposit per capita o f population in our Common­
wealth, per census o f 1885, is $171.38 ; but this cannot be called
strictly correct, for without doubt there are some deposits be­
longing to citizens o f other States.

Aggregate Statement o f Liabilities and Investments,
Showing Increase or Decrease as compared with the Year ending
Oct. 3 1 , 1 8 8 8 .
L ia b il it ie s .

Percentage

Amount Oct. 31,
C l a s s if ic a t io n .

1889.

Increase.

Decrease.

of

Increase.
Deposits, .

.

.

Guaranty fund,

.
.

.

.

.

Undivided earnings,
Sundry liabilities...................................


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Federal Reserve Bank of St. Louis

$332,723,688 59

$17,538,618 02

-

.0556

10,920,231 29

1,170,673 31

-

.1201

6,037,372 56

90,376 48

-

.0152

391,099 68

65,857 72

-

.2025

$350,072,392 12

B A N K C O M M ISSIO N ERS’ R E P O R T .

X

[Jan

I nvestments.

r
<+Amount

C l a s s if ic a t io n .

*
Increase.

ws

Decrease.

Oct. 31,1869.

00 ^
„■>

e

§ 2
pH Ü
$41,643,023 44

Public funds,

458,670 00

Loans on public funds,

27,815,381 48

Bank stock,

1,572,199 50

Loans on bank stock,

29,079,805 71

Railroad bonds, .

$897,818 46
403,812 76
3,374,154 11

Loans on railroad bonds, .

246,040 00

Loans on railroad stock, .

679 835 00

398,375 00

3,825,000 00

375,000 00

2,504,812 44

24,972 27

Railroad notes, .
Real estate
purposes,

O 2co ®•
fcX S «1
s ! <

-

-

.0220

Ph - H

.1189

.0173

.0013

-

.0147

.0795

88,834 33

.0535

.0045

$8,095

88,560 00

.1313

.0831

.2647

.0007

-

*

.0019

-

.1087

.0109

.0101

.0071

for banking
1,753,937 92

Real estate by foreclosure,

-

196 595 17

.1008

.0050

134,936,534 41

7,610,258 27

-

.0598

.3855

Loans on personal secur­
ity..........................................

83,390,705 21

3,224,794 01

-

.0415

.2383

Loans to counties, cities
and towns,

8,703,368 64

39,195 43

-

.0045

.0249

359,187 59

47,022 13

-

.1507

.0010

.1671

.0018

.3148

.0356

Loans on real estate,.

Loans
on
books,
.
Sundry assets,

depositors’
.
.
.

648,383 94

.

-

130,045 48

Cash on hand : —
In banks, on
interest, . $11,265,078 41
In banks, not
on interest,

543,826 15

In office,

646,602 28

.

12,455,506 84
$350,072,392 12

*

2,982,253 07
-

One hundred and forty-one per cent.

The range o f investments as now allowed by statute to our
savings banks is sufficiently broad to be in keeping with good
conservative management, where safety and not the largest
possible revenue is the principal guide and aim in placing these
trust funds.
One or two changes might be made, however, to advantage ;
viz., under the statutes, savings banks can invest in the bonds
o f certain cities in certain States, provided they are issued for
municipal purposes. Many o f these cities did issue bonds for
other than municipal purposes, and the purpose was stated in


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Federal Reserve Bank of St. Louis

1890.]

P U B L IC D O C U M E N T — No. 8.

xi

the body o f the bond ; some o f these bonds have matured and
been paid by a renewal o f the bond, but the purpose formerly
stated has been omitted in the renewal, and therefore they
apparently appear as issued for municipal purposes, when in
fact they were not. Thus this Board and the officers o f the
banks are often greatly embarrassed in ascertaining what was
issued for municipal purposes and what was not.
Various
other complications enter into this subject, conflicting with
the implied purpose o f the law.
The restrictions placed upon this class o f investments —
limit o f population and especially the limit o f indebtedness
— seem sufficient. The pledge o f the credit o f the city under
these restrictions would appear to be ample security, without
naming the particular purpose for which the bond was issued.
W e recommend that the words “ for municipal purposes” be
stricken from the law, and suggest that the words “ issued
according to law ” be added, and the unquestioned pledge o f
the credit o f the city or town be required.
I n v e st m e n ts .

The largest increase in particular lines o f investments is
in railroad bonds, loans on personal security, and loans on real
estate.
The nearest approach to the legal limit o f any investment is
in that o f loans on personal security, which now averages nearly
twenty-four per cent, o f deposits and income, the limit being
thirty-three and one-third per cent.
By reference to the law (section 20 o f chapter 116, Public
Statutes), it will be observed that this line o f investment was
intended to be the exceptional one ; but it has proved in many
cases to be the favorite, presumably because it has supplied
the opportunity for loaning money by our banks which could
not be obtained o f them in any other way. During the past
three years the losses in the savings banks have been greater
through this class o f investments than in any other.
Safety should be the governing principle in the invest­
ments o f our savings banks ; they are trust funds, and should
not be placed at any business risk.
The amount loaned on personal security with collateral is 138,137,349 25
The amount loaned on personal security without collateral is 45,253,355 96
Total, .


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Federal Reserve Bank of St. Louis

$83,390,705 21

xii

B A N K CO M M ISSIO N E R S’ R E P O R T .

[Jan.

Cash on hand, the reserve fund o f the savings banks, amount­
ing to $12,455,506.84, is nearly $3,000,000 more than last
year, yet is but three and one-half per cent, o f the entire
assets, which is no more than should be on hand, in order to
meet any immediate demand for payment o f deposits. O f this
, amount, but $1,190,428.43, one-third o f one per cent, o f
the total assets, is actual cash on hand or money in banks
not drawing any interest; the balance, $11,265,078.41, slightly
rising three per cent., is on deposit in banks drawing interest
at from two to four per cent.
National banks are required to carry a reserve o f not less
than fifteen per cent., which consists almost entirely o f cash
on hand or bank balances, to meet the demands o f their
depositors.
It will be observed that the savings banks carry but onefourth as much reserve as national banks are required t o ; it is
not necessary that they should carry as much, as they are not
called upon to be prepared for the sudden changes and
demands for money as in business circles.
The present
amount o f cash reserve in our savings banks does not appear
any too large, or indicate an unwarranted amount o f funds
awaiting permanent investment.
Rates o f D ividends,
Showing Comparisons with Oct. 3 1 , 1 8 8 8 .

Ordinary Dividends paid during the Year ending Oct 31,1839.

7 savings banks or institutions for savings paid 5

Increase. Decrease.

percent.,

1
21
6
138

1

4X

3
7

4
.

3

Same as

last year.

3 savings banks did not declare any dividend.*
177

* The Framingham Savings Bank and Union Savings Bank of Fall River, which are under
injunction; and the Everett Savings Bank, which has but recently commenced business.
Total amount of ordinary dividends for the year,
Total amount of extra dividends for the year, .


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Federal Reserve Bank of St. Louis

.
.

.
.

$12,359,518 48
162,477 95

1890.]

PU B LIC DO CU M EN T — No. 8.

xiii

D ividends .

The average dividend paid upon deposits is four and eight
one-hundredths per cent.
A computation o f the earning capacity o f investments made
in the bonds o f railroads, cities and towns, shows it to be three
and five-eighths per cent, at their present market value.
Deposits in savings banks are very closely allied to these
classes o f investments, hence can very properly be compared
thereto ; and the comparison is in favor o f the savings banks,
or perhaps it can be better stated that the savings banks are
paying a higher rate o f revenue to-day than like investments
are earning and paying. This is due very largely to fortunate
investments in bank stock, and the purchase, many years ago,
at low figures, o f bonds bearing a high rate o f interest. Some
o f these bonds are now maturing, and others will in the
near future, and are being paid or likely to be at maturity by
renewal at a rate netting but three and five-eighths per cent.,
thus greatly reducing the revenue.
The attempt to pay large dividends would naturally tend to
risk the funds in investments for the sake o f large returns. It
'should not be expected that savings banks can or would pay a
larger rate o f dividends than money will earn invested in a like
manner elsewhere. High rates o f dividends attract deposits
from that class o f people for whom savings banks are not
designed, and who are able and have had sufficient experience
to take care o f their own investments; these deposits are
the first to be drawn out whenever a good opportunity for
investment is presented, and at a time which yields a full return
to the depositor.
Such deposits cannot be looked upon as
profitable, especially when the earning capacity o f money is
three and five-eighths per cent., and the rate o f dividend paid
slightly exceeds four per cent.
The earning capacity o f money has been steadily lowering,
and a fair inference is that soon, if not already, as good reasons
will exist for a lower rate o f dividends as did exist when for­
merly reduced. In view, therefore, o f these facts, the paying
o f large dividends is certainly to be discouraged; and it is a
serious question whether it is not wise to forecast the future,
and prepare for a lower rate o f dividends by our savings banks.


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xiv

B A N K CO M M ISSIO N ERS’ R E P O R T .
Calling

in of

[Jan.

D epositors’ B ooks .

The calling in o f the books o f the depositors for verification,
under the requirements o f the following act o f the Legislature
o f last year, has been complied with.
[C h a p .

A n A ct

r e q u ir in g

s a v in g s

40,

A cts

banks

of

and

1888.]
in s t it u t io n s

for

s a v in g s

to

C A L L IN T H E IR BOOKS OF D E P O S IT A T STATED IN T E R V A L S .

Be it enacted, etc., as follow s:
During the year eighteen hundred and eighty-nine and every third
year thereafter, savings banks and institutions for savings shall call
in the books o f deposit o f their depositors for verification in such
manner as their respective boards o f trustees may elect. [.Approved
February 1 6 , 1888 .

Am ong some o f the banks it has been done in a very thor­
ough manner, and proved very satisfactory.
The most effective method adopted was as follows : A person
was employed to be at the banking room for a month (or for the
period during which the bank had advertised for the books to
be brought in or had sent circulars to the last known address o f
the dep ositor), who was empowered to receive the books and
compare them with the accounts o f the bank before any other
officer saw them. A record o f the number o f the book and the
amount to its credit was taken, and a full report made to the
trustees. By this method it will be observed that no possible
chance existed for deception by any officer. The results have
proved very gratifying to treasurers, clerks and trustees, both
as to method and errors. This method was not generally used,
still, in many cases it was in a modified way.
The most common manner was an examination by the treas­
urer or clerk s; and, while it verified the books and accounts
by the same ones who very likely made the original entry, it
cannot be said that the results were proven as conclusively
as by the method mentioned above.
No returns have been made or asked for as to the number o f
books presented ; but verbal statements made to the members
o f this Board at the usual examinations indicate a very fair
response to the request for the presentation o f books. One
o f the smallest banks stated that all but three accounts had
been verified ; another, 1,100 out o f 1,800 books had been veri-


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Federal Reserve Bank of St. Louis

1890.]

PU B L IC D O CU M EN T — No. 8.

xv

tied ; still another states that out o f 14,000 depositors’ books
11,702 had been presented for verification, and that o f the
total o f $2,500,000 o f deposits only $140,000 remained not
verified.
One o f the largest institutions in the Commonwealth stated
that there had been presented for verification 14,467 depositors’
books out o f a total o f 24,722 ; o f these 14,467 books, 2,981
were for accounts opened prior to 1876. These illustrations
show a fair average o f what has been accomplished where any
special effort was made, and would seem to be sufficient to
detect systematic fraud, if any existed.
Classification

of

D eposits .

Table o f Deposits received durinq the
Oct. 3 1 , 1 8 8 9 .

DEPOSITS.

Year endinq

Xumber.

Amount.

740,199
128,960
56,698
48,217
12,842
9,460

$14,095,872
10,258,926
8,924,190
15,231,731
9,099,304
9,999,312

...........................................

992,376

$67,609,338 47

To the credit —
Of women, both adult and minor, .
Of guardians,....................................................
Of religious and charitable associations,
In t r u s t , ............................................................

434,219
2,780
9,853
54,218

$29,303,801
615,613
1,219,431
5,557,237

Of $50 and l e s s ,...................................................
Exceeding $50, and not more than $100, .
Exceeding $100, and not more than $200, .
Exceeding $200, and not more than $500, .
Exceeding $500, and less than $1,000,
Of $1,000 or m o r e , ...........................................
Total, .

66
66
85
43
76
11

83
39
34
63

The above statement, which appears this year for the first
time, is very interesting, and conclusive in its results, as it
clearly indicates the class o f people who patronize our savings
banks, and well sustains the position taken by this Board on
the subject.
The average o f new deposits for the year, as shown by these
figures, is but $68.13. The average o f individual deposits is
really less than this amount, for these reasons : in the total
amount returned are a great many transferred accounts treated
as new deposits ; these accounts represent money deposited


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Federal Reserve Bank of St. Louis

XVI

B A N K C O M M ISSIO N E R S’ R E P O R T .

[Jan.

years ago, which has been allowed to accumulate, and on the
decease o f the original depositor has been transferred to his
or her h eirs; these are but the original deposit with the
accumulations, and being placed to the credit o f another person,
are treated as new accounts, and thus swell improperly the
amount o f new deposits.
These transferred accounts are very generally above $500 ;
the total amount we are not able to state, as full returns have
not been made to us o f them, but it is sufficiently large to
materially affect and reduce the average o f individual deposits.
The incomplete data in our possession shows that in thirty-five
banks which have made returns o f these transferred accounts,
out o f $1,259,055.43 so transferred, $1,030,977.81 exceeded
$500.
Further deductions must be made o f deposits made to the
credit o f religious and charitable institutions, amounting to
$1,219,431.34; also those made by orders o f probate courts,
and a portion o f the trust deposits.
Particular attention is called to the average of new deposits
o f $50 and less, also to the large number o f such deposits, —
746,199, — which is three-fourths o f all the deposits made,
transferred accounts and all.
It is not to be understood that each deposit represents a
depositor, for several deposits may be made on an account
during the y e a r ; but when we consider that at this date there
are 1,029,694 open accounts on the books o f our savings
banks, an account for every two persons o f the entire popula­
tion ; and that o f the 992,376 deposits made this year there
were
746,199 deposits of $50 and less, averaging
870,159 deposits of $100 and less, averaging
926,857 deposits of $200 and less, averaging

.
.
.

.
.
.

.
.

$18 89
27 99
35 91

this last number being 93 per cent, o f the w h ole; and the
further evidence that o f the 992,376 deposits, 434,219, a trifle
less than one-half in number, and in amount $29,303,801.83 o f
the total o f $67,609,338.47 deposited, were made by women, we
have the undeniable evidence that our savings banks are used
by the people, for whom they were designed and by whom
they are maintained. Additional force is given to this state-


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Federal Reserve Bank of St. Louis

1890.]

P U B L IC D O C U M E N T — No. 8.

xvii

ment by these fa cts: the average amount to the credit o f these
1,029,694 deposit accounts is $323.13, and per capita o f pop­
ulation is $171.38.
The compilation o f these returns has entailed upon the bank
officers much additional labor and expense. The purpose o f
the law evidently being accomplished, it seems unnecessary to
compile these figures every year, as in the future they will
be but statistical.
W e recommend, therefore, that they be
required not oftener than once in five years.
D eposits

to the

Credit

oe

G uardians .

W e respectfully recommend for your consideration the sub­
ject o f allowing deposits to be received and placed to the
credit o f guardians to a larger amount than is now provided
by statute. The present limit is $1,000. The limit o f deposits
ordered by courts has been removed, and it might very prop­
erly be removed so far as relates to the deposits o f guardians,
who are, to a certain extent, under the orders o f the courts.
S chool S avin g s B a n k s .

In an adjoining State a system o f school savings banks has
been inaugurated, the reports o f which are quite flattering.
In L ong Island City the report shows in six schools a weekly
deposit one year ago o f $232.18, the corresponding week o f
the present year o f $247.80; their total deposits at present
date amounting to $17,449.11.
Some sixty school savings
banks are now in existence in this country.
The great advantage to be derived from this system, aside
from educating the children that “ the habit o f saving is an
essential part o f a true, practical education,” is the ready
opportunity and easy method it affords for placing their small
savings (pennies) on deposit. It is hardly practicable for our
savings banks to receive on deposit a single penny, and enter
it through all its system o f accounts, as the expense attending
the opening o f these accounts would exceed the profits derived
therefrom ; but, where these small savings are accounted for in
the savings banks through the agency o f a teacher in his or her
capacity as a teacher, the multiplicity o f accounts is avoided,
and the benefits to the children accomplished.
W hen an

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Federal Reserve Bank of St. Louis

xviii

BANK

CO M M ISSIO N E R S’ R E P O R T .

[Jan.

account amounts to a stipulated sum, say fifty cents or one
dollar, then it might be assumed by the bank.
Much has been said about affording the people, as well as
children, an easy method o f making small deposits, and so afford
every opportunity possible for the saving o f that which might
be wasted for the lack o f place and method. Postal savings
banks have been suggested. No doubt there are great advan­
tages to be derived from postal savings banks, particularly in
that section o f our country where there are but few, if any,
savings banks; but it must not be lost sight of, that, besides
encouraging savings and affording opportunities for such accu­
mulations, one great benefit o f our savings banks system is,
that its investments are made so as to afford the greatest benefit
to home industries; the accumulations are invested at home,
and supply the capital which gives the opportunity for further
savings. Nearly seven-eighths o f the investments o f our savings
banks, three hundred and fifty millions o f dollars, are invested
so as to directly benefit our own people. The deposits in
United States postal savings banks would o f course be taken
away from each locality and deposited in the treasury at
W ashington; and thus one o f the leading features and bene­
fits o f our savings banks system — investing at home — would
be defeated.
It is also a question whether the methods which our United
States government would be obliged to adopt, in order to
properly protect itself and the depositor, would be such as to
commend themselves as easy methods o f deposit and with­
drawal, particularly as relates to withdrawals. Experience in
United States matters indicates slow methods and great d ela y ;
this certainly would defeat one o f the main objects claimed.
School savings banks, in preference to postal savings banks,
— and the plan need not be limited to schools, but may be ex­
tended in other channels, like temperance societies and similar
organizations, — seem to afford every requisite necessary for
the purpose suggested; viz., affording every facility possible
for depositing the smallest amount.
The only legislation
needed is the recognition o f such agency for deposits, and pro­
viding for payment to successors in office o f the agent, or
direct to the depositor in certain cases.


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Federal Reserve Bank of St. Louis

1890.]

P U B L IC D O CU M EN T — No. 8.

xix

MORTGAGE-LOAN COMPANIES.
The two mortgage-loan companies placed under the super­
vision o f this Board two years ago have been examined as
carefully and thoroughly as it is possible to do in any company
whose business is principally transacted outside this Common­
wealth. The examination was mostly made by an expert
selected by this Board, but no examination was made o f their
agencies or offices at the W est, where the loans are originally
made.
In view o f the fact that similar companies doing business in
this Commonwealth, though chartered by other States, are
under the supervision o f a commissioner appointed by this
Commonwealth, who does visit and examine their agencies and
their loans, we recommend that these two companies, and
others which may be chartered in the future under the provi­
sions o f chapter 387 o f the Acts o f 1888, be placed under the
supervision o f the commissioner o f foreign mortgage corpora­
tions.

• TRUST COMPANIES.
The total number transacting business remains the same as
last year; viz., thirteen, with assets including trust funds o f
$67,603,464.02, — a gain for the year o f $4,621,828.20.
These trust companies continue to grow in financial strength,
standing and value as State banking institutions.
They also
occupy a very high and important position as a medium for
transacting matters incidental to a banking business, and o f such
a range, diversity and importance as to give them high rank
throughout the country.
W ith the present year closes their right to engage in the
business o f negotiating or dealing in Western farm mortgages,
— a feature o f their business which has attracted attention,
and caused some apprehension.
Three trust companies chartered during the past two years
will commence business during the coming year, probably very
soon.


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Federal Reserve Bank of St. Louis

XX

B A N K C O M M IS S IO N E D ’ R E P O R T .

[Jan.

CO-OPERATIVE BANKS.
•owth o f these banks since
their inception in 1877 :
yeai' ending Oct.
a
“
Oct.
»
»
Oct.
u
»
Oct.
u
“
Oct.
(C
“
Oct.
it
“
Oct.
it
“
Oct.
“
“
Oct,
a
“
Oct.
a
“
Oct.
Total,

31,1877,
31, 1880,
81, 1881,
31, 1882,
31, 1883,
31, 1884,
31, 1885,
31, 1886,
31, 1887,
31,1888,
31,1889,

.
.
.
•
.
.
.
.
.
.
.

10
6
4
4
1
1
6
9
12
13
27

.

93

A t the commencement of the financial year, Nov. 1, 1888,
there were 66 co-operative banks, with assets o f $5,505,112.17 ;
and at the close 93 banks, with assets of $7,106,751.77, — a
growth of 27 during the year, being an increase o f nearly
fifty per cent., the largest in any one year since such institu­
tions were established.
This large increase will be looked upon with some apprehen­
sion, and may well demand careful consideration and attention.
Under the statutes, any twenty-five persons can organize and
establish one o f these institutions ; and it is therefore not sur­
prising that, under the present wave o f popularity surrounding
them, there should spring up a general desire for such banks,
and, without proper considerations, an application is imme­
diately made for a charter ; and so possibly a bank is unwisely
started, located perhaps too near a neighbor, or in a locality
where a sufficient number are already in existence.
Such instances have come to the notice o f the Board during
the phenomenal growth o f the past twelve months ; and, in
connection with other matters growing out o f this rapid growth,
we feel it necessary and incumbent upon us to call your atten­
tion to it, and recommend that proper legislation be had, look­
ing to the restriction o f these banks.
These are institutions o f great value, affording assistance and
educating the people, in many cases, to save, and build for


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Federal Reserve Bank of St. Louis

1890.]

P U B L IC D O C U M E N T — N o. 8.

xxi

themselves homes which would not be accomplished in any
other way. They are practically compulsory savings banks,
and to some furnish or rather supply the necessary intellectual
effort to accumulate, thus aiding to carry out the idea o f helping
people to help themselves.
The policy o f our Commonwealth in establishing and restrict­
ing savings banks should be exemplified in its relation to the
co-operative banks, as they are closely allied.
Another matter requiring legislation is the supervision,
restriction or prevention o f foreign chartered companies trans­
acting a business in this Commonwealth similar to that o f the
co-operative banks. Legislation affecting such companies was
had last year, but was ineffectual.
Chapter 452, Acts o f 1889, is as follows : —
Ax A ct

relative to the carrying on of the business of savings and

C O -O P E R A T IV E B A N K S , A N D O F B A N K IN G , M O R T G A G E L O A N A N D IN V E S T ­
M EN T A N D TRU ST BUSINESS.

Be it enacted, etc., as follow s:
Section 1. No person or corporation shall carry on the business of receiv­
ing deposits under the name of a savings bank or institution for savings1,
and no person or corporation shall carry on the business of accumulating
the savings of its members and loaning to them such accumulations under
the name of a co-operative bank within this Commonwealth, unless incor­
porated under the laws thereof for such purpose; but this section shall not
prevent such a bank or institution, incorporated under the laws of another
state, from loaning money upon mortgages of real estate located within
this Commonwealth.
Sect . 2. No person and no corporation established under the laws of
another state or country shall carry on a banking, mortgage loan and
investment or trust business within this Commonwealth in or under a name
previously to his or its carrying on the same in lawful use by a corporation
established under the laws of this Commonwealth, or so nearly identical
with a name so in use as to mislead.
Sect. 3. Whoever violates any provision of the preceding sections shall
be punished by a fine not exceeding one thousand dollars ; and any provi­
sion thereof may on petition be enforced by injunction issued by a justice
of the supreme judicial court or of the superior court. [Approved June 7,
1889.

The evident intent o f the maker o f this law was to prevent
such corporations transacting business in this Commonwealth ;
but it did not accomplish that result. Under this law such
companies can do business in this Commonwealth, provided the


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Federal Reserve Bank of St. Louis

B A N K C O M M ISSIO N ERS’ R E P O R T .

XXII

[Jan.

word “ co-operative” or “ savings” is not a part of their cor­
porate name. Their manner o f business is not affected at all.
W e recommend, in order to make this law effectual, that the
words “ or in the manner,” be inserted after the word “ name ”
in the second line o f section one, also after the word “ nam e”
in the fifth line o f the same section.

Analytical Statement o f the Co-oyerative Banks,
Showing Comparisons with L ast Year.

O c t . 31, 1888.

Number of shares in force,

O c t . 31, 1889.

INCRKASK.

184,598

248,268

63,665

Number of members,

27,948

37,289

9,346

Number of borrowers,

4,870

6,146

1,276

$5,505,112 17

$7,106,751 77

$1,601,639 60

Total assets,

. • .

LOAN COMPANIES.
But two companies chartered for the purpose o f loaning
money on pawn are transacting business; viz., The Collateral
Loan Company and The W orkingm en’s Loan Association, both
located in the city o f Boston. Each has in its charter a pro­
vision requiring the appointment o f a State and city director,
the duties o f which, as far as this Board is aware, are not
prescribed either by statute or by-law o f the company or
association.
In view o f the fact that one o f these companies is required
under certain circumstances to distribute a part o f its gains, or,
as expressed in its charter, “ to be doled in fuel to the needy,”
which requirement does not appear to have been complied
with, it would seem proper that the State director should make
a report yearly, in relation to the company with which he is
connected. Evidently it was the purpose o f the law to provide
for a measure o f State co-operation through its State director;
therefore in some way it should be made manifest and o f value.


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Federal Reserve Bank of St. Louis

1890.]

P U B L IC D O CU M EN T — No. 8.

xxm

CONCLUSION,
The published annual report o f this Board is now quite large
and cumbersome, and increasing rapidly in size each year,
owing to the increase in number o f the institutions under the
supervision o f this Board. For the convenience o f all parties
interested, we recommend that hereafter the portion relating to
co-operative banks be published separately, and such edition
be limited to one thousand five hundred copies.
During the year it has been necessary upon several occasions
to consult the law department o f the Commonwealth, and the
Board desires to express its obligation to the attorney-general
and his assistants for valuable counsel and advice.
In the appendix will be found the statutes covering savings
banks, co-operative banks, trust companies and mortgage-loan
and investment companies, corrected and compiled to date.


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Federal Reserve Bank of St. Louis

E D W A R D P . C H A PIN ,
S T A R K E S W H IT O N ,
W A R R E N E . L O C K E , ..
Commissioners o f Savings Banks.


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Federal Reserve Bank of St. Louis

ABSTEACT OF ANNUAL EEPOETS
OF TH E

SAYINGS BANKS AND INSTITUTIONS
FOB SAYINGS,
S H O W IN G T H E IR

CONDITION AT THE CLOSE OF BUSINESS
O ctober 31, 1889,

M ade

in

Conformity


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Federal Reserve Bank of St. Louis

to the

Requirements

A cts

of

1888.

of

Chapter 127

of the

2

BANK

CO M M ISSIO N E R S’ R E P O R T .

[Jan

A B IN G T O N SA V IN G S B A N K — A B IN G T O N .
Incorporated 1853.

Present number of corporators, 72.

O tis W . S o u l e , President.
G e o . A. B e a l , Treasurer.
G eo . A. B e a l , Clerk o f the Corporation.

Names of committee charged with the investment of its funds :
S il a s B. D ic k e r m a n ,
O t is W . S o u l e ,
W il l ia m B r o w n ,

B e l a T. N a s h ,
J o se p h L. G r e e n w o o d ,
J o h n W . Sp r o u l .

Open for business every business day, 9

B alance

a .m .

Sh e e t , O ctober

to 12 m ., and 1 to 4 p . m .

31, 1889.

A ssets.

L ia b il it ie s .

Public funds as per schedule, .
Bank stock as per schedule,
Loans on bank stock,
Railroad bonds as per schedule,
Real estate (for banking purp o s e s ) ,....................................
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
( n o t e s ) ,...................................
Deposits in banks, on interest, .
Expense account,
Lawrence Duck Co. stock,*
Individual taxes paid,
Furniture and fixtures,
Store fixtures.................................
Cash on hand, .
.
.
.

$103,000
133,550
9,425
127,000

00
00
00
00

54,000
7,557
912,024
57,120

00
55
19
00

39,000
53,114
247
9,210
91
1,000
1,000
1,520

00
36
01
84
07
00
00
31

Deposits, .
Guaranty fund,
Interest account,
Real estate income
account,

$1,508,860 33

* Taken

$1,435,628 27
50,000 00
22,258 69
973 37

$1,508,860 33

to secure indebtedness.

Cash on Deposit in Banks, amount in each : —
National Bank of Redemption, Boston,
Abington National Bank, Abington,

$31,387 21
21,727 15

Loans on Bank Stock, amount on each: —
On
On
On
On
On
On

100 shares Fourth National Bank, Boston,
10 shares First National Bank, Rockland,
2 shares First National Bank, Rockland,
3 shares Abington National Bank, Abington,
2 shares Abington National Bank, Abington,
1 share Abington National Bank, Abington,


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Federal Reserve Bank of St. Louis

$8,000
800
160
250
150
65

00
00
00
00
00
00

1890.]

3

P U B L IC D O CU M EN T — No. 8.
Detailed Statement of Public Funds.

Par Value.

Town of Abington, Mass., 4s, .
of Abington, Mass., 4^s,
City of Bangor, Ale., 6s, .
of Boston, Mass., 4s,
of Boston, Mass., 6s,
of Cleveland, Ohio, 7s, .
of Dayton, Ohio, 6s,
of Fall River, Mass., 6s, .
of Fort Wayne, Ind , 6s, .
of Grand Rapids, Mich., 5s,
of Grand Rapids, Mich., 8s,
of Holyoke, Mass , 7s,
of Portland, Me., 6s,
of Springfield, Ohio, 5s, .
of Springfield, Ohio, 4±s,

.

$17,000
1,000
10,000
15,000
1,000
2,000
1,000
25,000
5,000
3,000
1,000
'5,000
7,000
5,000
5,000
$103,000

* Legal investments when

Estimated
Market Value.

$17,510
1,000
10,800
15,000
1,095
2,235
1,090
32,850
5,900
3,337
1,150
5,150
8,750
5,675
5,550

00
00
00
00
00
00
00
00
00
50
00
00
00
00
00

Amount Invested.

$17,000
1,000
10,000
15,000
1,000
2,000
1,000
25,000
5,000
3,000
1,000
5,000
7,000
5,000
5,000

00
00
00*
00
00
00
00
00
00
00
00
00
00*
00
00

$117,092 50 $103,000 00

made.

No. of
Shares.

Detailed Statement o f Bank Stocks.

66
74
75
12
25
19
59
40
38
50
50
68
150
100
100
38
22
32
110
45
50
10
32
33
47

Par Value.

Abington N’l Bank, Abington,
Boston Nat’l Bank, Boston, .
Blackstone N’l Bank. Boston,
Central. Nat’l Bank, Boston, .
Continental N’l Bank, Boston,
Nat’l Eagle Bank, Boston,
Eliot National Bank, Boston,
First National Bank, Adams, .
First National Bank, Danvers,
Globe National Bank, Boston,
Hamilton Nat’l Bank, Boston,
N’l Hide & Leather B’k, Boston,
Howard Nat’l Bank, Boston, .
Merchants’ N’l Bank, Boston,
Metropolitan N’l B’k, Boston,
Alt. Yernon N’l Bank, Boston,
North National Bank, Boston,
Old Colony N’l B’k, Plymouth,
N’l B’k of Redemption, Boston,
N’l B’k of the Republic, Boston,
Second Nat’l Bank. Boston, .
Shoe & Leather N’l B’k,Boston,
State National Bank, Boston,.
Third National Bank, Boston,
Nat’l Webster Bank, Boston,.


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Federal Reserve Bank of St. Louis

$6,600
7,400
7,500
1,200
2,500
1,900
5,900
4,000
2,850
5,000
5,000
6,800
15,000
10,000
10,000
3,800
2,200
3,200
11,000
4,500
5,000
1,000
3,200
3,300
4,700
$133,550

Estimated
Market Value.

$8,316
9,028
8,456
1,623
3,062
1,957
7,758
6,000
3,420
4,925
6,300
8,160
16,500
14,450
10,400
5,301
3,058
4,800
14,795
7,515
8,750
942
3,872
3,448
4,700

00
00
25
00
50
00
50
00
00
00
00
00
00
00
00
00
00
00
00
00
00
50
00
50
00

$167,538 25

Amount Invested.

$6,600
7,400
7,500
1,200
2,500
1,900
5,900
4,000
2,850
5,000
5,000
6,800
15,000
10,000
10,000
3,800
2,200
3,200
11,000
4,500
5,000
1,000
3,200
3,300
4,700

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

$133,550 00

4

B A N K CO M M ISSIO N ERS’ R E PO R T.

[Jan.

Detailed Statement o f Railroad Bonds.

Par Value.

Boston & Lowell R R. 4s,
Boston & Maine R.R. 4 s,.
Boston & Maine R.R. 7 s,.
Eastern R.R. 6s,
. . .
Fitchburg R.R. 5s, .
Leeds & Farmington R.R 6s, .
Nashua & Lowell R R. 6s,
New Bedford R.R. 7s,
Old Colony R.R. 7s,.
Old Colony R.R. 4s,.
Portland & Ogdensburg R.R. 6s,

$22,000
24,000
10,000
25,000
5,000
1,000
5,000
2,000
8,000
20,000
5,000
$127,000

*A

Estimated
Market Value.

$22,990
25,920
11,200
31,750
5,400
1,125
5,350
2,260
9,060
21,800
5,900

00
00
00
00
00
00
00
00
00
00
00

$142,755 00

Amount Invested.

$22,000
24,000
10,000
25,000
5,000
1,000
5,000
2,000
8,000
20,000
5,000

00
00
00
00*
00
00
00
00
00
00
00

$127,000 00

legal investment when made.

Total Amount o f Loans with Each Specified Rate o f Interest, including
Deposits in Banks on Interest.
Amount.

$6,500 00
53.114 36
45,000 00

Rate.

Amount.

Rate.

Amount.

Rate.

0 per cent.
24
“

$13,000 00
238,800 00
4,000 00

4£ per cent.
5

$93,800 00
616,469 19

54 per cent.
6
“

4

“

Amount invested in real estate for banking purposes, .
.
.
.
.
$54,000 00
Estimated value of the same,.................................................................................
54,000 00
Assessed value of the same.....................................................................................
39,000 00
Net income received from same during year ending Oct. 31, 1889,
1,835 78
Value, by books, of other real estate, held by foreclosure or otherwise,
7,557 55
Assessed value of the s a m e ,.................................................................................
8,875 00
Net income received from same during year ending Oct. 31, 1889,
95 67
Number of loans which are of an amount not exceeding $3,000 each, . 654
Aggregate amount of the s a m e , ........................................................................
649,319 19
Total number of loans upon real e s t a t e , ............................................. 661
Amount of investments from which no income is received...............................
6,500 00
Gross amount of interest or profits received or earned, as per books, during
year ending Oct. 31, 1889......................................................................................
78,099 32
Rate and amount of each semi-annual dividend during the ) 2;} per cent., f 30,100 96
year ending Oct. 31, 1 8 8 9 ,...................................................... J 2^ per cent., 1
30,833 81
Times for the dividends fixed by the by-laws : first Tuesday in April and
October.'
Number of accounts opened during the 3rear ending Oct. 31, 1889,
. 358
Number of accounts closed during the year ending Oct. 31, 1889,
. 311
Total number of open accounts Oct. 31, 18S9,
.
.
.
.
3,404
Expenses of the corporation for the year ending Oct. 31, 1889 (exclusive of
ta x e s ),.....................................................................................................................
3,349 79


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Federal Reserve Bank of St. Louis

1890.]

5

P U B L IC D O CU M EN T — No. 8.

Amount of deposits, not including dividends, received during the year end­
ing Oct. 31, 1889.....................................................................................................
Number of s a m e , .................................................................................
Amount of withdrawals, including dividends, during the year ending Oct.

$185,868 00

183,455 94

31, 1889...................................................... .....................................................
Number of s a m e , ................................................................................ 1,845
Date of examination by commissioner: October 18.

Classification o f Deposits received during the Year ending Oct. 3 1 ,1 8 8 9 .
Num­
ber.
O f $50 and less,
Exceeding $50, and
more than $100, .
Exceeding $100, and
more than $200, .
Exceeding $200, and
more than $500, .
Exceeding $500, and
than $1,000, .
O f $1,000 or more, .

Num­
Amount.

1,268

$28,547 88

286

24,245 93

157

24,917 50

119

42,358 51

38
38

27,798 18
38,000 00

1,906

$185,868 00

not

ber.
To the credit —
Of women, both adult
and minor,
O f guardians,
Of religious and chari­
table associations, .
In trust, .
.
.
.

not
not
less

Co m m on w ealth

op

Amount.

993
9

$84,979 22
1,617 50

4
111

124 00
21,462 71

M a s sa c h u s e t t s .
P lym outh ,

ss .,

N ov . 12, 1889.

Personally appeared George A. Beal, Treasurer of the Abington Savings Bank, and
made oath that the foregoing statement, by him subscribed, is a true and correct state­
ment of all the resources and liabilities of said institution, and that the answers made by
him to the foregoing interrogatories contain the whole truth in reference to the matters
to which they relate, according to his best knowledge and belief.
Before me,

G r a n v il l e R. F a r r a r , Justice o f the Peace.

9

P lym outh ,

ss .,

N ov . 15, 1889.

Personally appeared Otis W . Soule, President, and Silas B. Dickerman, Bela T. Nash,
W m . Brown, John W . Sproul and Joseph L. Greenwood, trustees of said corporation,
and severally made oath that the annexed report is correct, according to their best
knowledge and belief.
Before me,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

G r a n v il l e R. F a r r a r , Justice o f the Peace.

6

B A N K CO M M ISSIO N ERS’ R E PO R T.

[Jan.

AM H E R ST S A V IN G S B A N K — AM H ER ST .
Incorporated 1864.

Present number of corporators, 13.

E. F. C o o k , President.

E. D. B a n g s , Treasurer.

G eo rg e C u t l e r , Clerk o f the Corporation.

Names of committee charged with the investment of its funds :
E. F. C o o k ,
W . E . Br i d g m a n ,

B. F. K e n d r i c k ,
L. D . H i l l s .

Open for business every business day, 9

B alance

a .m .

to 12 m . ; 1.30 to 4

31, 1889.

Sh e e t , O ctober

A ssets.

Public funds as per schedule, .
Loan on public funds,
Bank stock as per schedule,
Loans on bank stock,
Railroad bonds as per schedule,
Loan on railroad stocks, .
Real estate (for banking pur­
poses), ....................................
Loans on real estate,.
Loans on personal security,
Loans to counties, cities or towns
(n o te s ),....................................
Loans on depositors’ books,
Deposits in banks, on interest, .
Deposit in bank, not on interest,
Cash on hand, .
.
.
.

p .m .

L ia b il it ie s .

$96,000
125
215,443
11,600
95,000
1,000

00
00
51
00
00
00

Deposits, .
Guaranty fund,
Profit and loss account, .

$1,203,234 66
40,936 00
43,480 02

15,000 00
669,100 00
91,069 00
42,450
950
44,777
5,000
135

00
00
60
00
57

$1,287,650 68

$1,287,650 68

Cash on Deposit in Banks, amount in each : —
First National Bank, Northampton,
.
.
.
.
.
First National Bank, Amherst.....................................................

.

$20,000 00
29,777 60

Loan on Public Funds : —
On $500 United States 4 s , .............................................

00

Loans on Bank Stock, amount on each : —
O
O

©

cm"

00
1,000 00

<I

.

*.

2,500 00
400 00
300 00
500 00
00

o
©
©^

O

o

On 20 shares Northampton National Bank, Northampton, .
On 10 shares First National Bank, Amherst,
On 10 shares Palmer National Bank, Palmer,
On 15 shares First National Bank, Amherst,
On 4 shares Third National Bank, Springfield,
.
On 3 shares Northampton National Bank, Northampton, .
On 5 shares Palmer National Bank, Palmer,
On 28 shares Ware National Bank, Ware, .
On 21 shares City National Bank, Worcester,
.
.
.

00

Loan on Railroad Stock: —
On 10 shares Boston & Albany Railroad,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

.

.

.

.

1890.]

P U B L IC D O CU M EN T — No. 8.

7

Detailed Statement o f Public Funds.

Par Value.

City of Nashua, N. H., 6s,
of Bangor, Me., 6s, .
of Fall River, Mass., 6s, .
Town of Clinton, Mass'', 4s,
of Beverly, Mass., 4s, .
of Rutland, Vt., 4s,
of Pawtucket, R. I., 5s, .

$15,000
20,000
8,000
20,000
10,000
20,000
3,000
$96,000

*A

Estimated
Market Value.

$16,200
22,000
8,960
20,800
10.400
20.400
3,330

00
00
00
00
00
00
00

$102,090 00

Amount Invested.

$15,000
20,000
8,000
20,000
10,000
20,000
3,000

00
00*
00
00
00
00
00

$96,000 00

legal investment when made.

No. of

Shares.

Detailed Statement o f Bank Stocks.

65 First Nat’l Bank, Amherst,
50 First National Bank, Barre, .
23 Suffolk N atl Bank, Boston,
10 N ’l Hide & Leather B’k, Boston,
80 N1 B’k of the Republic,Boston,
68 Conway Natl Bank, Conway,.
94 First JN1 Bank, Fasthampton, .
56 F ranklin Co.N’l B’k,Greenfield,
100 Holyoke Nat’l Bank, Holyoke,
75 City N atl Bank, Holyoke,
133 Northampton N’l Bank, North­
ampton,
.
.
.
.
130 Hampshire Co.National Bank,
Northampton,
129 First N’l Bank, Northampton,
5 Berkshire N’l B’k, No. Adams,
30 Nat’l Bank of Commerce, New
London, C t.,.
100 First Natl Bank, Norwich, Ct.,
125 Second N1 B’k, Norwich, C t.,.
117 Thames N’l B’k, Norwich, Ct.,
38 Palmer Nat’l Bank, Palmer, .
116 Agawam N’l B’k, Springfield,
100 Chapin N1 Bank, Springfield,
84 Crocker N1 B’k, Turner’s Falls,
8 Ware National Bank, Ware, .
40 City Nat’l Bank, Worcester, .
25 Citizens’ N’l Bank, Worcester,
10 Mechanics’ N’l B’k, Worcester,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Par Value.

Estimated
Market Value.

Amount Invested.

$6,500
5,000
2,300
1,000
8,000
6,800
9,400
5,600
10,000
7,500

$9,750
5,500
2,691
1,200
12,000
8,160
14,100
6,272
16,000
8,400

13,300

23,275 00

13,504 00

13,000
12,900
500

15,600 00
17,415 00
500 00

15,383 00
17,176 00
500 00

3,000
10,000
12,500
11,700
3,800
11,600
10,000
8,400
800
4,000
2,500
1,000

3,660
10,000
15,625
17,550
5,510
13,920
14,500
11,760
960
5,400
3,125
1,250

3,660
10,000
14,825
16,101
5,306
14,450
12,703
8,664
988
5,120
3,062
1,250

00
00
00
00
00
00
00
00
00
00

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

$9,575
5,000
2,771
1,107
10,095
7,943
10,928
6,430
10,800
8,100

00
00
62
00
50
00
00
00
00
00

00
00
00
00
50
00
00
39
00
00
50
00

$181,100 $244,123 00 $215,443 51

B A N K CO M M ISSIO N ERS’ R E PO R T.

[Jan.

Detailed Statement o f Railroad Bonds.

Par Value.

New London Northern R R. 7s,
Fitchburg R R os, .
Fitchburg R.R. 4-is, .
.
.
.
Boston, Revere Beach & Lynn R.R. 6s,
Boston & Lowell R.R. 4s,

$25,000
25.000
10.000
25.000
10.000
$95,000

Estimated
Market Value.

$28,000
26,250
10,000
28,750
10,500

00
00
00
00
00

$103,500 00

Amount Invested.

$25,000
25.000
10.000
25.000
10.000

00
00
00
00
00

$95,000 00

Total Amount o f Loans with Each Specified Rate o f Interest, including
Deposits in Banks on Interest.

Amount.

Rate.

Amount.

Rate.

Amount.

$24,777 60
20,000 00
30,000 00

3 per cent.
4
“
4i
“

$40,700 00
633,022 00
24,000 00

4| per cent.
5
“
5k
“

$81,738 00
6,834 00

Rate.

6 per cent.
7

$15,000 00
Amount invested in real estate for banking purposes,....................................
15,000 00
Estimated value of the s a m e , ........................................................................
9,100 00
Assessed value of the s a m e ,.................................................................................
900 63
Net income received from same during year ending Oct. 31, 1889,
Number of loans which are of an amount not exceeding $3,000 each, 447
369,944 00
Aggregate amount of the same................................................... .........
Total number of loans upon real e s t a t e , .............................................427
500 00
Amount of investments from which no income is received, .
.
.
.
Gross amount of interest or profits received or earned, as per books, during
65,404 53
year ending Oct. 31, 1 8 8 9 ,.................................................................................
21,739 98
Rate and amount of each semi-annual dividend during the j 2 per cent., f
25,086 38
year ending Oct. 31, 1 8 8 9 , ...................................................... J 2$ per cent., 1
Times for the dividends fixed by the by-laws : January 1 and July 1.
Number of accounts opened during the year ending Oct. 31,1889,
598
Number of accounts closed during the year ending Oct. 31,1889,
418
Total number of open accounts Oct. 31, 1889,
.
.
.
.
3,430
Expenses of the corporation for the year ending Oct. 31, 1889 (exclusive of
3,056 20
t a x e s ) , ...................................................................................................................
Amount of deposits, not including dividends, received during the year end­
236,160 62
ing Oct. 31, 1889, .
.........................................................................................
Number of s a m e , ......................................................................................... 3,620
Amount of withdrawals, including dividends, during the year ending Oct.
199,147 68
31, 1889,...................................................................................................................
Number of s a m e , .........................................................................................2,094
Date of examination by commissioner: March 16.


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Federal Reserve Bank of St. Louis

1890.]

9

P U B L IC D O CU M EN T — No. 8.

Glassification o f Deposits received during the Year ending Oct. 31, 1 889.
Num­
ber.
O f $50 and less,
Exceeding $50, and
more than $100, .
Exceeding $100, and
more than $200,
Exceeding $200, and
more than $500, .
Exceeding $500, and
than $1,000, .
O f $1,000 or more, .

Num­

Amount.

1,884

$34,600 46

327

26,592 96

ber.
To the credit —
O f women, both adult
and minor,
O f guardians,
O f religious and char­
itable associations, .
In trust, .
.
.
.

not
not
166

25,686 89

133

48,226 14

51
59

35.776 40
65,277 77

2,620

$236,160 62

not

Amount.

1,304
18

$110,882 18
8,914 78

92
318

3,479 09
64,421 97

less

Co m m o n w ealth

of

M a ssa ch u setts.
H a m p s h ir e ,

ss .,

N ov. 2, 1889.

Personally appeared E. I). Bangs, Treasurer of the Amherst Savings Bank, and made
oath that the foregoing statement, by him subscribed, is a true and correct statement of
all the resources and liabilities of said institution, and that the answers made by him to
the foregoing interrogatories contain the whole truth in reference to the matters to which
they relate, according to his best knowledge and belief.
Before me,

W . H a m l i n , Justice o f the Peace.
H a m p s h ir e ,

ss .,

N o v . 2, 1889.

Personally appeared E. F. Cook, President, and D. W . Palmer, Horace Ward, Geo.
Cutler, L. D. Hills and Wm. A. Dickinson, trustees of said corporation, and severally
made oath that the annexed report is correct, according to their best knowledge and
belief.
Before me,
W. H a m l i n , Justice o f the Peace.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

\

10

B A N K CO M M ISSIO N E R S’ R E PO R T.

[Jan.

A N D O V E R S A V IN G S B A N K — A N D O V E R .

Incorporated 1834.

Present number of corporators, 40.

M oses F o st e r , President.

J o h n F . K i m b a l l , Treasurer.

J o h n F . K i m b a l l , Clerk o f the Corporation.

Names of committee charged with the investment of its funds :
M oses F o s t e r ,

John C o rn e ll,

J. T y l e r K i m b a l l .

Open for business every business day, except Wednesday, 9 a . m. to 12 m . ; 2 to 4 p . m .

Balance

Sh e e t , O ctober

A ssets.

Public funds as per schedule, .
Bank stock as per schedule,
Loans on bann stock,
Railroad bonds as per schedule,
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Loans on depositors’ books,
Deposits in banks, or. interest, .
Deposits in banks, not on interest,
Cash on hand, .
.
.
.

31, 1889.

L ia b il it ie s .

$312,500
272,625
650
348,000
6,640
820,535
244,137
1,150
26,238
10,662
4,116

00
00
00
00
00
87
00
00
58
93
28

Deposits,.
Guaranty fund,
Interest account,

$2,047,255 66

$1,921,952 96
72,500 00
52,802 70

$2,047,255 66

Cash on Deposit in Banks, amount in each : —
Andover National Bank, A n d o v e r , .............................................................. $13,662 93
Blackstone National Bank, B o s t o n , ..............................................................
23,238 58

Loans on Bank Stock, amount on each : —
On 5 shares Andover National Bank, Andover..................................................
On 4 shares Andover National Bank, A n d o v e r ,.............................................


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Federal Reserve Bank of St. Louis

$500 00
150 00

1890.]

11

P U B L IC DO CU M EN T — No. 8

Detailed Statement o f Public Funds.

Par Value.

City of Bangor, Me., 6s, .
of Belfast, Me., 6s, .
of Boston, Mass., 6s,
of Cambridge, Mass., 6s,
of Chelsea, Mass., 6s,
of Dover, N. H., 6s,
of Fall River, Mass., 6s, .
of Holyoke, Mass., 7s,
of Lewiston, Me., 6s,
of Lowell, Mass-., 6s,
of Lynn, Mass., 6s, .
of Milwaukee, AVis., 7s, .
of Nashua, N. II,, 6s,
of Newburyport, Mass., 6s,
of Northampton, Mass., 6s,
of Norwich, Conn., 6s,
of Portland, Me , 6s,
of Portsmouth, N. H., 6s,
of Salem, Mass., 6s,
Town of Melrose, Mass., 6s, .

Estimated
Market Value.

Amount Invested.

$25,000
17,000
1,000
2,000
27,000
25,500
11,000
18,000
4,000
6,000
10,000
5,000
5,000
20,000
83,000
30,000
21,500
33,500
3,000
15,000

$27,000 00
18,000 00
1,000 00
2,000 00
29,000 00
27,000 00
12,500 00
19,300 00
4,300 00
6,000 00
10,500 00
5,500 00
5,000 00
21,000 00
35,000 00
33,500 00
24,500 00
35,500 00
3,500 00
16,000 00

$312,500

$336,100 00 $312,500 00

* Legal investments

$25,000 00*
17,000 00*
1,000 00
2,000 00
27,000 00
25,500 00
11,000 00
18,000 00
4,000 00
6,000 00
10,000 00
5,000 00
5,000 00
20,000 00
33,000 00
30,000 00
21,500 00*
33,500 00*
3,000 00
15,000 00

when made.

No. of

Shares.

Detailed Statement o f Bank Stocks.

311
40
147
27
100
84
112
65
50
110
150
225
52
100
100
263
6

Par Value.

Andover Nat’l Bank, Andover,
Atlas National Bank, Boston,
Blackstone N’l Bank, Boston,
Boylston Nat’l Bank, Boston,
Continental N’l Bank, Boston,
Everett Nat’l Bank, Boston, .
Freeman’s N’l Bank, Boston,.
Market Nat’l Bank, Boston, .
Merchants’ N’l Bank, Boston,
Metropo itan N’l B’k, Boston,
N’l B’k of the Commonwealth,
Boston,
.
.
.
.
N’l B’k of the Bepublic, Boston,
National City Bank, Boston, .
National Eagle Bank, Boston,
N’l IIide& Leather B’k, Boston,
Nat’l Revere Bank, Boston, .
Nat'l Security Bank, Boston, .


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Estimated
Market Value.

Amount Invested.

$81,100
4,000
14,700
2,700
10,000
8,400
11,200
6,500
5,000
11,000

$41,985
4,500
16,000
3,600
12,000
8,600
11,200
6,100
7,000
11,400

00
00
00
00
00
00
00
00
00
00

$31,100
4,000
14,700
2,700
10,000
8,400
11,200
6,500
5,000
11,000

00
00
00
00
00
00
00
00
00
00

15,000
22,500
5,200
10,000
10,000
26,300
600

18,000
33,000
5,200
10,000
12,000
33,000
1,000

00
00
00
00
00
00
00

15,000
22,500
5,200
10,000
10,000
26,300
600

00
00
00
00
00
00
00

12

[Jan.

B A N K CO M M ISSIO N ERS’ R E P O R T .
Detailed Statement o f Bank Stocks — Concluded.

U
-.
©
©
^

xn

OÎ

60
154
58
41
79
110
35
52
18
3
50
100
50

Estimated

Par Value.

g
CO

Market Value.

$8,400
15,400
8,500
5,000
9,400
16,000
4,000
6,500
2,000
210
10,000
14,000
5,500

$6,000
15,400
5,800
4,100
7,900
11,000
3,500
5,200
1,800
225
5,000
7,500
5,000

Nat’l Union Bank, Boston,
Nat’l Webster Bank, Boston,
New England N’l B’k, Boston,
North National Bank, Boston,
Old Boston N’l Bank, Boston,
Second Nat’l Bank, Boston, .
Shawmut Nat’l Bank, Boston,
State National Bank, Boston, .
Tremont Nat’l Bank, Boston,.
Danvers Nat’l Bank, Danvers,
Wachusett N’l B’k, Fitchburg,
Bay State N’l B’k, Lawrence,
Union Nat’l Bank, Weymouth,

$272,625

Amount Invested.

$6,000
15,400
5,800
4,100
7,900
11,000
3,500
5,200
1,800
225
5,000
7,500
5,000

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

$272,625 00

$339,495 00

Detailed Statement o f Railroad Bonds.
Estimated

Par Value.

Boston & Maine R.R. 7 s,.
Boston & Lowell R.R. 7s,
Boston & Lowell R.R, 6s,
Boston & Lowell R.R. 4s,
Boston & Lowell R.R. 5s,
Boston, Revere Beach & Lynn R.R. 6s,
Boston, Winthrop & Shore R.R. 5s,
Conn. & Passumpsic Rivers R.R. 7s,
Fitchburg R.R. 5s, .
Fitchburg R.R. 4s, .
New Bedford R.R. 7s,
Newport & Richford R.R. 5s, .
Old Colony R.R. 7s,.
Old Colony R.R. 6s,. , .
Worcester & Nashua R.R. 5s, .

Market Value.

$54,000
25,000
8,000
26,500
2,400
15,000
55,000
54,500
53,000
26,225
10,500
13,000
21,000
5,500
5,000

$50,000
22,000
7,000
25,000
2,000
14,000
50,000
50,000
50,000
25,000
10,000
13,000
20,000
5,000
5,000
$348,000

Amount Invested.

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

$374,625 00

$50,000
22,000
7,000
25,000
2,000
14,000
50,000
50,000
50,000
25,000
10,000
13,000
20,000
5,000
5,000

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

$348,000 00

Total Amount o f Loans with Each Specif ed Rate o f Interest, including
Deposits in Banks on Interest.

Amount.

Rate.

$23,238 58
4,400 00
25,000 00

2J per cent.
4
4i


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

“
“

Rate.

Amount.

$120,000 00
25,000 00
127,032 00

4l> per cent.
41
5

“

Rate.

Amount.

$80,650 00
683,190 87
4,200 00

5£ per cent.
6

7

1890.]

13

P U B L IC D O CU M EN T — No. 8.

Value, by books, of real estate, held by foreclosure or otherwise,
Assessed value of the s a m e ,.................................................................................
Net income received from same during year ending Oct. 31, 1889,
Number of loans which are of an amount not exceeding $3,000 each,. 422
Aggregate amount of the s a m e , ........................................................................
Total number of loans upon real e s t a t e , ............................................. 456
Gross amount of interest or profits received or earned, as per books, during
year ending Oct. 31, 1 8 8 9 ,.................................................................................
Rate and amount of -each semi-annual dividend during the i 2£ per cent., r
year ending Oct. 31, 1 8 8 9 , ..................................................... j 2^ per cent., {
Times for the dividends fixed by the by-laws : third Wednesday in June
and December.
Number of accounts opened during the year ending Oct. 31, 1889,
. 573
Number of accounts closed during the year ending Oct. 31, 1889,
. 383
Total number of open accounts Oct. 31, 1889,
.
.
.
.
4,869
Expenses of the corporation for the year ending Oct. 31, 1889 (exclusive
of t a x e s ) , ............................................................................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 8 8 9 ,..........................................................................................
Number of s a m e , .......................................................................................... 3,237
Amount of withdrawals, including dividends, during the year ending Oct.
31, 1 8 8 9 , ...........................................................................................................
Number of same................................................................................................2,156
Date of examination by commissioner: June 4.

* O f this

$6,640 00
6,700 00
250 00
546,891 27

116,684 05
43,807 83
44,878 47

5,577 38*
260,976 00

237,709 47

amount, $2,500 was paid for vault in new hank building.

Classification o f Deposits received during the Year ending Oct. 31, 1889.
Num­

O f $50 and less,
Exceeding $50, and not
more than $100, .
Exceeding $100, and not
more than $200, .
Exceeding $200, and not
more than $500, .
Exceeding $500, and less
than $1,000, .
Of $1,000 or more, .

Num­

Amount.

ber.

ber.

2,275

$47,631 00

473

38,933 00

207

33,352 00

195

71,953 00

61
26

43,107 00
26,000 00

3,237

$260,976 00

C o m m o n w e a lt h

To the credit —
Of women, both adult
and minor,
Of guardians,
Of religious and charitable associations, .
In trust................................

of

Amount.

1,726
10

$132,767 00
2,652 00

45
20

4,008 00
4,755 00

M assach u setts .
E ssex,

ss .,

N ov . 7, 1889.

Personally appeared John F. Kimball, Treasurer of the Andover Savings Bank, and
made oath that the foregoing statement, by him subscribed, is a true and correct state­
ment of all the resources and liabilities of said institution, and that the answers made by
him to the foregoing interrogatories contain the whole truth in reference to the matters
to which they relate, according to his best knowledge and belief.
Before me,

G eorge A. P u tn am , Justice o f the Peace.
E ssex,

ss .,

Nov. 7, 1889.

Personally appeared Moses Foster, President, and John Cornell, John H. Flint,
Joseph A. Smart, John L. Smith, Peter D. Smith and J. Tyler Kimball, trustees of said
corporation, and severally made oath that the annexed report is correct, according to
their best knowledge and belief.


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Federal Reserve Bank of St. Louis

Before me,

G eorge A. P u t n a m , Justice o f the Peace.

[Jan.

B A N K C O M M ISSIO N E R S’ R E P O R T .

14

A R L IN G T O N F IV E CENTS S A V IN G S B A N K — A R L IN G T O N .

Incorporated April 2, 1860.
W

il l ia m

Present number of corporators, 39.

G. P e c k , President.
Joseph W . W

Joseph W . W
h it a k e r ,

h it a k e r ,

Treasurer.

Clerk o f the Corporation.

Names of committee charged with the investment of its funds :
W

il l ia m

G. P e c k ,

G eorge H il l ,

B. D elmont L ocke .

Open for business, Tuesday and Friday, 3 to 5 p m . ; Wednesday, 3 to 8
Saturday, 3 to 9 p . m .

B a l a n c e Sh e e t , O c t o b e r

;

31, 1889.

L ia b il it ie s .

A ssets.

Public funds as per schedule, .
Bank stock as per schedule,
Railroad bonds as per schedule,
Real estate (for banking pur­
poses), ...................................
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
(notes), ...................................
Loans on depositors’ books,
Deposit in bank, on interest,
Expense account,
Tax account,
.
.
.
.
Insurance,...................................
Cash on hand................................

p .m .

$180,300 00
20,200 00

125,500 00

Deposits, .
Guaranty fund,
Interest account,

$1,020,184 73
28,629 68
9,932 67

20,000 00

17,408 33
592,972 66
13,812 50
51,000
300
33,402
1,349
508
257
1,735

00
00
77
58
53
40
31

$1,058,747 08

$1,058,747 08

Cash on Deposit in Bank : —
Faneuil Hall National Bank, B o s t o n ,.............................................................. $33,402 77


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Federal Reserve Bank of St. Louis

1890.]

15

PU B L IC DO CU M EN T — No. 8

Detailed Statement o f Public Funds.

Par Value.

City of Chelsea, Mass., 6s,
of Cleveland, Ohio, 5s, .
of Cleveland, Ohio, 6s, .
of Cleveland, Ohio, 7s, .
of Fall River, Mass., 6s, .
of Grand Rapids, Mich , 5s,
of Holyoke, Mass., 6s,
of Lewiston, Me., 5s,
of Lawrence, Mass., 6s, .
of Nashua, N. IL, 6s,
of Newburyport, Mass , 6s,
of Peoria, 111., 7s,
of Portland, Me., 6s,
of Springfield, Ohio, 5s, .
of Springfield, Ohio, 4|s,
of Woburn, Mass., 6s,
Town of Arlington, Mass., 5s,
of Chatham, Mass., 4is,
of Methuen, Mass., 6s, .
District of Columbia 6s, .
County of Hillsborough, N. H., 6s,
of Hillsborough, 1ST. II., 5s,
United States 4is, .
.
.
.

Estimated
Market Value.

$2,217
10,320
13,695
4,425
2,420
22,915
6,000
1,260
6,600
4,123
16,560
16,250
25,000
17,060
13,282
9,810
2,150
12,620
1,115
3,720
11,000
506
1,057

$2,000
9,000
12,000
4,000
2,000
20,000
5,000
1,000
6,000
3,800
16,000
13,000
20,000
16,000
12,000
9,000
2,000
12,000
1,000
3,000
10,000
500
1,000
$180,300

50
00
00
00
00
00
00
00
00
00
00
00
00
00
50
00
00
00
00
00
00
25
50

$204,106 75

Amount Invested.

$2,000
9,000
12,000
4,000
2,000
20,000
5,000
1,000
6,000
3,800
16,000
13,000
20,000
16,000
12,000
9,000
2,000
12,000
1,000
3,000
10,000
500
1,000

00
00
00
00
00
00
00
00
00
00
00
00
00*
00
00
00
00
00
00
00
00
00
00

$180,300 00

A legal investment when made.

ÎÎO. of

Shares.

Detailed Statement o f Bank Stocks.

50
12
33
50
10
22
25

Par Value.

FaneuiL Hall Nat’l B’k, Boston,
National Union Bank, Boston,
N’l B’k of the Republic, Boston,
Continental Nat’l B’k, Boston,
N’l B’k of Redemption, Boston,
First Ward Nat’l B’k, Boston,
N’l B’k of No America, Boston,


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Federal Reserve Bank of St. Louis

$5,000
1,200
3,300
5,000
1,000
2,200
2,500
$20,200

Estimated
Market Value.

$7,162
1,704
5,511
6,125
1,345
2,909
2,925

50
00
00
00
00
50
00

$27,682 00

%
Amount Invested.

$5,000
1,200
3,300
5,000
1,000
2,200
2,500

00
00
00
00
00
00
00

$20,200 00

16

B A N K C O M M ISSIO N E R S’ R E P O R T .

[Jan

Detailed Statement o f Railroad Bonds.

Par Value.

Conn. & Passumpsic Rivers R.R. 7s,
Newport & Richford R R . 5s, .
Boston & Albany R.R. 6s,
Vermont & Massachusetts R R. 5s,.
Boston, Revere Beach & Lynn R.R. 6s,
Fitchburg R R. 6s, .
.
.
.
Nashua & Lowell R.R. 6s,
Eastern R.R. 6s,
Boston & Lowell R.R. 6s,
Portland & Ogdensburg R.R. 6s,
New Bedford R.R. 7s,
Old Colony R.R. 6s,
. . .
Lowell & Lawrence R.R. 6s, .
Salem & Lowell li R. 6s,
Boston, Clinton, Fitchburg & New
Bedford R.R. 5s, .
Boston, Barre & Gardner R R. 7s, .
Maine Central R.R. 7s,

*A

$21,000
20,000
15,000
10,000
8,000
8,000
8,000
5,500
4,000
4,000
3,000
1,000
1,000
1,000

Estimated
Market Value.

$23,100
21,200
16,725
11,100
8,640
8,840
8,560
6,985
4,540
4,740
3,390
1,155
1,150
1,170

1,000
1,000
14,000

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

Amount Invested.

$21,000
20,000
15,000
10.000
8,000
8,000
8,000
5,500
4,000
4,000
3,000
1,000
1,000
1,000

00
00
00
00
00
00
00
00*
00
00
00
00
00
00

1,210 00
1,105 00
17,290 00

1,000 00
1,000 00
14,000 00

$125,500 $140,900 00

$125,500 00

legal investment when made.

Total Amount of Loans with Each Specified Rate o f Interest, including
Deposits in Banks on Interest.

Amount.
$33,402 77
21,000 00

Rate.
3 per cent.

4

15,000 00

4*2

10,000 00

41

“
“
“

Amount.
$62,776 64
2,000 00

157,326 02
362,422 50

Rate.
5 per cent.
H
“
H

6

“

Amount.
$ 6,000 00
1,000 00

Rate.
63 per cent.

6*

20,460 00

7

i 00 00

8

“
“

Amount invested in real estate for banking purposes,.................................... $20,000 00
Estimated value of the sam e,.................................................................................
25,000 00
Assessed value of the s a m e ,.................................................................................
19,020 00
Net income received from same during year ending Oct. 31, 1889,
.
.
988 62
Value, by books, of other real estate, held by foreclosure or otherwise,
.
17,408 33
Assessed value of the s a m e ,.................................... ........
16,400 00
Net income received from same during year ending Oct. 31, 1889,
.
.
692 91
Number of loans which are of an amount not exceeding $3,000 each, . 313
Aggregate amount of the s a m e , ........................................................................
310,973 64
Total number of loans upon real e s t a t e , .............................................359
Gross amount of interest or profits received or earned, as per books, during
year ending Oct. 31, 1 8 8 9 , .................................................................................
50,727 95
Rate and amount of each semi-annual dividend during the 1 2 per cent., f
19,180 89
year ending Oct. 31, 1 8 8 9 ,...................................................... J 2 per cent., I
19,120 95


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Federal Reserve Bank of St. Louis

1890.]

17

P U B L IC D O CU M EN T — No. 8.

Times for the dividends fixed by the by-laws : first Saturday in January
and July.
Number of accounts opened during the year ending Oct. 31, 1889,
. 409
Number of accounts closed during the year ending Oct. 31, 1889,
. 280
Total number of open accounts Oct. 31, 1889,
.
.
.
.
3,420
Expenses of the corporation for the year ending Oct. 31, 1889 (exclusive of
ta x e s),....................................................................................................................
Amount of deposits, not including dividends, received during the year end­
ing Oct. 31, 1889,...................................................................................................
Number of s a m e , ..........................................................................................3,526
Amount of withdrawals, including dividends, during the year ending Oct.
31, 1889........................................................................" ........................................
Number of s a m e ,.......................................................................................... 1,720
Date of examination by commissioner: April 3.

$3,422 70
193,803 00

187,692 58

Classification o f Deposits received during the Year ending Oct. 3 1 ,1 8 8 9 .

O f $50 and less,
Exceeding $50, and not
more than $100, .
Exceeding $100, and not
more than $200, .
Exceeding $200, and not
more than $500, .
Exceeding $500, and less
than $1,000, .
O f $1,000 or more, .

Num­
ber.

Amount.

2,796

$51,278 42

385

30,784 45

169

26,204 33

126

43,756 51

48
2

39,129 79
2, ’49 50

3,526

$193,803 00

Co m m o n w e a l t h

Num­
ber.

Amount.

1,569
7

$77,867 07
925 00

74
121

7,547 52
19,180 86

To the credit —
O f women, both adult
and minor,
O f guardians,
O f religious and chari
table associations, .
In trust................................

of

M assachusetts .
M id d l e s e x ,

ss .,

N ov. 9, 1889.

Personally appeared Joseph W . Whitaker, Treasurer of the Arlington Five Cents
Savings Bank, and made oath that the foregoing statement, by him subscribed, is a
true and correct statement of all the resources and liabilities of said institution, and that
the answers made by him to the foregoing interrogatories contain the whole truth in ref­
erence to the matters to which they relate, according to his best knowledge and belief.
Before me,

W

il l ia m

H. H. T u ttle , Justice o f the Peace.

M id d l e s e x ,

ss

, Nov. 9, 1889.

Personally appeared William G. Peck, President, and William E. Parmenter, B. Bel­
mont Locke, Henry J. Locke, George Hill and George Hill, Jr., trustees of said corpora' tion, and severally made oath that the annexed report is correct, according to their best
knowledge and belief.
Before me,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

W

il l ia m

H. H. T uttle , Justice o f the Peace.

18

[Jan

B A N K CO M M ISSIO N ERS’ R E PO R T.

A T H O L S A V IN G S B A N K — A T H O L .
Incorporated Feb. 12, 1867.

Present number of corporators, 35.

J ohn G. M u d g e , President.

A lp h e u s H a r d in g , Treasurer.

W . D. L u e y , Clerk o f the Corporation.

Names of committee charged with the investment of its funds :
A lpheus H a r d in g ,
S olon W . L e e ,
Jam es M . L e e ,
H e n r y R . St o w e l l ,
L u cien L ord .

Open for business every business day, 9 a .m . to 3 p .m .

B a la n ce Sh e e t , O ctober

31, 1889.

L ia b il it ie s .

A ssets.

Public funds as per schedule, .
Bank stock as per schedule,
Loans on bank stock,
Railroad bonds as per schedule,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
(notes), .
.
.
.
.
Deposits in banks, on interest, .
Expense account,
.
.

$43,000
9,800
21,250
65,000
913,499
367,006

00
00
00
00
12
00

Deposits, .
Guaranty fund,
Interest account,
Profit and loss ac­
count, .

$1,418,599 75
43,500 00
9,662 70
34,516 43

41,200 00
44,385 49
1,138 27
$1,506,278 88

$1,506,278 88

Cash on Deposit in Banks, amount in each: —
Athol National Bank, A th o l,.....................................................
First National Bank, A y e r , .....................................................
Holyoke National Bank, Holyoke...............................................
City National Bank, H o l y o k e , ............................................
National Bank of the Commonwealth, Boston,
Miller’s River National Bank, A t h o l , ...................................

$5,000 00
5,000 00
15,000 00
10,000 00

349 94
9,035 55

Loans on Bank Stock, amount on each : —
On 20 shares Third National Bank, Boston, .
On 50 shares Home National Bank, Brockton,
On 8 shares Athol National Bank, Athol,
. .
.
.
On 10 shares Athol National Bank, Athol,
. .
.
.
On 25 shares First National Bank, Ayer,
. .
.
.
On 5 shares Berkshire National Bank, North Adams, .
On 10 shares Athol National Bank, Athol,
. .
.
.
On 50 shares Safety Fund National Bank, Fitchburg, .
On 50 shares National Bank of the Commonwealth, Boston,
On 26 shares Athol National Bank, Athol,
. .
.
.
On 20 shares National Bank of North America, Boston,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$1,700
5,000
450
400
1,250
400
800
4,500
2,900

00
00
00
00
00
00
00
00
00
2,100 00
1,750 00

1890.]

19

P U B L IC D O CU M EN T — No. 8.

Detailed Statement o f Public Funds.
■

'

Par Value.

United States 6s,
.
United States 4s,
. . .
City of Lynn, Mass., 6s, .
of Meriden, Conn., 6s,
of Newton, Mass., 5s.
Town of Hyde Park, Mass., 4s,
of Watertown, Mass., 4s,

Estimated
Market Value.

$10,000
500
10,000
4.000
10,000
3.000
5,500

$12,625
635
10,850
4,460
12,050
3,035
5,527

00
00
00
00
00
00
50

$43,000

$49,182 50

Amount Invested.

$10,000
500
10,000
4.000
10,000
3.000
5,500

00
00
00
00
00
00
00

$43,000 00

No. of

Shares.

Detailed Statement o f Bank Stocks.

27
11
10
50

Par Value.

Miller’s River N’l B’k, Athol,
Blackstone N’l.Bank, Boston,
Eliot National Bank, Boston,
National Eagle Bank, Boston,

$2,700
1,100
1,000
5,000
$9,800

Estimated
Market Value.

$4,725
1,240
1,315
5,150

00
00
00
00

$12,430 00

Amount Invested.

$2,700
1,100
1,000
5,000

00
00
00
00

$9,800 00

Detailed Statement o f Bailroad Bonds.

Vermont & Mass. R.R. 5s,
Fitchburg R.R. 4s, .
Boston & Providence R.R. 4 s,.

Par Value.

Estimated
Market Value.

Amount Invested.

'$20,000
20,000
25,000

$22,200 00
19,200 00
27,000 00

$20,000 00
20,000 00
25,000 00

$65,000

$68,400 00

$65,000 00

Total Amount o f Loans with Each Specified Bate o f Interest, including
Deposits in Banks on Interest.
Amount.

$9,385
10,800
57,300
25,000

Bate.

49

2 per cent.

00

H
4
4j

00
00


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

“
“
“

Amount.

$35,000
50.000
116,100
25.000

Bate.

00
00
00

00

4^ per cent.
4f
“
4è
“
41
“

Amount.

$95,000
694,268
25,100
244,387

Bate.

00
00
00
12

4J per cent.
5
5k
“
6
“

20

B A N K C O M M ISSIO N E R S’ R E PO R T.

[Jan.

Number of loans which are of an amount not exceeding $3,000 each, . 324
Aggregate amount of the s a m e , ....................................................................... $320,968 12
Total number of loans upon real estate, ..................................................... 414
Gross amount of interest or profits received or earned, as per books, during
75,838 66
year ending Oct. 31, 1 8 8 9 , ...............................................................................
25,467 68
Rate and amount of each semi-annual dividend during the )2 per cent., t
26,323 90
year ending Oct. 31, 1889...........................................................^2 per cent., (
Times for the dividends fixed by the by-laws: January 1 and July 1.
Number of accounts opened during the year ending Oct. 31, 1889,
. 960
Number of accounts closed during the year ending Oct. 31, 1889,
. 751
Total number of open accounts Oct. 31, 1889,
.
. * .
.
4,386
Expenses of the corporation for the year ending Oct. 31, 1889 (exclusive of
3,789 51
taxes), ...................................................................................................................
Amount of deposits, not including dividends, received during the year end­
270,976 80
ing Oct. 31, 1889,..................................................................................................
Number of s a m e , .......................................................................................... 2,955
Amount of withdrawals, including dividends, during the year ending Oct.
31, 1 8 8 9 , ................................................................................
219,760 91
Number of s a m e , .......................................................................................... 2,204
Date of examination by commissioner: July 25.

Classification o f Deposits received during the Year ending Oct. 3 1 ,1 8 8 9 .
Num­

O f $50 and legs,
Exceeding $50, and not
more than $100, .
Exceeding $100, and not
more than $200, .
Exceeding $200, and not
more than $500, .
Exceeding $500, and less
than $1,000, .
O f $1,000 or more, .

Num­

Amount.

ber.

ber.

2,031

$40,426 42

424

35,361 17

203

32,867 98

186

70,347 85

67
44

44,510 25
47,463 13

2,955

$270,976 80

Com m o n w ealth
W

orcester , ss .

To the credit —
O f women, both adult
and minor,
Of guardians,
O f religious and chari­
table associations, .
In trust, .
.
.
.

of

Amount.

1,428
3

$121,248 35
2,025 00

73
40

7,256 06
5,855 74

M assachusetts .
A thol , Oct. 31, 1889.

Personally appeared Alpheus Harding, Treasurer of the Athol Savings Bank, and
made oath that the foregoing statement, by him subscribed, is a true and correct state­
ment of all the resources and liabilities of said institution, and that the answers made by
him to the foregoing interrogatories contain the whole truth in reference to the matters
to which they relate, according to his best knowledge and belief.
Before me,
W

orcester ,

ss.

.

A n d r e w J. H a m il t o n , Justice o f the Peace.

A th o l , Oct. 31, 1889.

Personally appeared John G. Mudge, President, and Lewis Thorpe, J. C. Hill, James
M. Lee, IL. R. Stowell, Solon W . Lee and George N. Kendall, trustees of said corpora­
tion, and severally made oath that the annexed report is correct, according to their best
knowledge and belief.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Before me,

A n d r e w J. H a m ilto n , Justice o f the Peace.

21

PU B L IC D O CU M EN T — No. 8.

1890.]

A T T LE B O R O U G H S A V IN G S B A N K — NO RTH
ATTLEB O R O U G H .
Incorporated 1860.

Present number of corporators, 57.
E d w a r d R. P r i c e , Treasurer.

A r i e l C o d d i n g , President.

E d w a r d R. P r i c e , Clerk o f the Corporation.

Names of committee charged with the investment of its funds:
A. C o d d i n g ,
J. R. B r o n s o n ,
Jos. G . B a r d e n ,

R. K n a p p ,
J. L . S w e e t ,
G e o . A. D e a n ,

B . S. F r e e m a n .

Open for business every business day, 9

B a l a n c e Sh e e t , O c t o b e r

a .m .

to 3

p .m .

31, 1889.

Jtm

L ia b il it ie s .

A ssets.

Public funds as per schedule, .
Bank stocks as per schedule,
Railroad bonds as per schedule,
Railroad notes, .
.
.
.
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
(n o te s ),....................................
Deposit in bank, on interest,
Deposit in bank, not on interest,
Expense account,

$29,000 00
50,500 00
20,000 00

29,152 25
360,112 45
280,987 42

$860,931 19
33,000 00
3,025 00

Deposits, .
Guaranty fund,
Interest account,
Profit and loss ac­
count, .

10,100 00

5,866 30

i

107,500 00
4,704 76
10,565 61
200 00

$902,822 49

$902,822 49

Cash on Deposit in Banks, amount in each : —
Boston National Bank, B o s t o n , ..................................................... .........
North Attleborough National Bank, North Attleborough, .
.
.
.

.

$4,704 76
10,565 61

Detailed Statement of Public Funds.

Par Value.

Estimated

Amount Invested.

Market Value.

Town of Brookline, Mass., 5s,.
of Attleborough, Mass., 4s, .


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$9,000
20,000

$10,080 00
20,200 00

$9,000 00
20,000 00

$29,000

$30,280 00

$29,000 00

22

B A N K CO M M ISSIO N ERS’ R E PO R T.

[Jan

No. of

Shares.

Detailed Statement o f Bank Stocks.

51
50

Par Value.

Estimated
Market Value.

$5,100
5,000

$6,&30 00
6,000 00

$5,100 00
5,000 00

$10,100

$12,630 00

$10,100 00

First N’l Bank, Attleborough,
Boston National Bank, Boston,

Amount Invested.

Detailed Statement o f Bailroad Bonds.
Estimated
Market Value.

Amount Invested.

$25,000
25,000

$24,500 00
26,750 00

$23,750 00
26,750 00

$50,000
•

$51,250 00

$50,500 00

Par Value.

Fitchburg R.R. 4s, .
Fitchburg R.R. 5s, .

Total Amount o f Loans with Each Specified Bate o f Interest, including
Deposits in Banks on Interest.
Amount.
$4,704
59.000
20.000
50,000

76
00
00
00

Kate.
V
2 per cent.

4
44
4|

“
“
“

Amount.
$45,000
30,000
94,500
45,200

00
00
00
00

Kate.

Amount.

4J per cent.

$41,500 00
383,149 87
250 00

4a

«

5

“

5|

Rate.
5^ per cent.
6

7

Value, by books, of real estate, held by foreclosure or otherwise,
.
.
$29,152 25
Assessed value of the s a m e ,.................................... ........
20,000 00
Number of loans which are of an amount not exceeding $3,000 each,. 276
Aggregate amount of the s a m e , ..............................................................
.
247,749 87
Total number of loans upon real e s t a t e , ............................................. 264
Gross amount of interest or profits received or earned, as per books, during
year ending Oct. 31, 1 8 8 9 ,.................................................................................
45,062 43
Rate and amount of each semi-annual dividend during the 1 2 per cent., f
16,014 99
year ending Oct. 31, 1 8 8 9 ,...................................................... J 2 per cent., 1
16,156 89
Times for the dividends fixed by the by-laws : Tuesday after second Mon­
day in April and October.
Number of accounts opened during the year ending Oct. 31, 1889,
. 612
Number of accounts closed during the year ending Oct. 31, 1889,
. 480
Total number of open accounts Oct. 31, 1889,
.
.
.
.
2,829
Expenses of the corporation for the year ending Oct. 31, 1889 (exclusive
o f t a x e s ) , ............................................................................................................
3,064 87
Amount of deposits, not including dividends, received during the year end­
ing Oct. 31, 1889,
195,880 87


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Federal Reserve Bank of St. Louis

1890.]

.

PU B L IC D O CU M EN T — No. 8.

23

Number of s a m e , .................................................................................2,889
Amount of withdrawals, including dividends, during the year ending Oct.
31, 1889.................................................................................................................... $200,043 78
Number of s a m e , .................................................................................1,911
Date of examination by commissioner: July 12.

Classification o f Deposits received during the Year ending Oct. 3 1 ,1 8 8 9 .
Num­

Num­

Amount.

ber.
O f $50 and less,
Exceeding $50, and
more than $100, .
Exceeding $100, and
more than $200, .
Exceeding $200, and
more than $500, .
Exceeding $500, and
than $1,000, .
O f $1,000 or more, .

Amount.

ber.

2,125

$47,092 11

411

33,813 16

187

28,545 09

104

35,617 40

41
21

29,764 06
21,049 05

2,889

$195,880 87

To the credit —
O f women, both adult
and minor,
Of guardians,
Of religious and chari­
table associations, .
In trust................................

not
not
not

1,142
12

$68,757 84
2,294 66

66
94

5,279 33
11,375 14

less

Com m o n w ealt h

of

M assachusetts .
B ristol ,

ss .,

N ov. 16, 1889.

Personally appeared Edward R. Price, Treasurer of the Attleborough Savings Bank,
and made oath that the foregoing statement, by him subscribed, is a true and correct
statement of all the resources and liabilities of said institution, and that the answers
made by him to the foregoing interrogatories contain the whole truth in reference to the
matters to which they relate, according to his best knowledge and belief.
Before me,

F red B. B y r a m , Justice o f the Peace.

B ristol ,

ss .,

Nov. 16, 1889.

Personally appeared Abiel Codding, President, and R. Knapp, Burrill Porter, Jr., Geo.
A. Dean, J. D. Lincoln and J. D. Richards, trustees of said corporation, and severally
made oath that the annexed report is correct, according to their best knowledge and
belief.
F red B. B y r a m , Justice o f the Peace.
Before me,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

24

B A N K CO M M ISSIO N ERS’ R E PO R T.

[Jan.

m

BA R R E S A V IN G S B A N K — BA R R E.

Incorporated 1869.

Present number of corporators, 45.
F r a n k A. R ic h , Treasurer.

C h ar le s B r im b le c o m , President.

F r a n k A. R ic h , Clerk o f the Corporation.

Names of committee charged with the investment of its funds :
C h ar le s B r im bleco m ,

O r a m e l Cl a r k ,

J. H e n r y G o d d a r d ,

E stes H a w e s ,

J. C. B a r t h o l o m e w .

Open for business every business day, except Saturdays, 9
Saturdays, 9 a .m . to 12 m .

B a l a n c e Sh e e t , O cto b er

to 12

m.

; 1 to 4 p .m . ;

31,1889.

L ia b il it ie s .

A ssets.

Bank stock as per schedule,
Loans on bank stock,
Railroad bonds as per schedule,
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
(n o te s ),...................................
Deposit in bank, on interest,
Deposit in bank, not on interest,
Expense account,
Suspense account,
/

a .m .

$90,166 00
2,000 00
6,060 00

1,175 00
180,696 67
63,475 00

Deposits, .
Guaranty fund,
Interest account,
Profit and loss ac­
count, .

1,000 00
12,000 00

$341,812 41
8,725 00
3,442 10
6,617 80

•

3,448 49
561 53
14 62
$360,597 31

$360,597 31

Cash on Deposit in Bank: —
First National Bank, B a r r e ,........................................................................

$15,448 49

Loans on Bank Stock, amount on each : —
On 20 shares First National Bank, B a r r e , ......................................................$1,500 00
On 7 shares First National Bank, B a r r e , .....................................................
500 00


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

1890.]

PU B L IC D O CU M ENT — No. 8.

25

No. of

Shares.

Detailed Statement o f Bank Stocks.

55
42
62
20
17

25
41
32
46
25
9
34
20
30
60
50
7

52
21

50
20

Par Value.

First National Bank, Barre, .
Blaekstone Nat’l B’k, Boston,
Boston Nat’l Bank, Boston, .
Boylston Nat’l Bank, Boston,
Continental Nat’l B’k, Boston,
Eliot National Bank, Boston,.
First National Bank, Boston,.
Nat’l B’k of Commerce, Boston,
N’l B’k of Redemption, Boston,
N’l Hide & Leather B’k, Boston,
Nat’l Revere Bank, Boston, .
Second Nat’l Bank, Boston, .
Shoe & Leather N’ l B’k, Boston,
Suffolk Nat’l Bank, Boston, .
Tremont Nat’l Bank, Boston, .
Nat’l Market Bank, Brighton,
Ware National Bank, Ware, .
Central Nat’l B’k, Worcester,
Citizens’ Nat’l B’k, Worcester,
City Nat’l Bank, Worcester, .
First Nat’l Bank, Worcester,.

Estimated
Market Value.

00
00
00
00
50
00
50
00
00
00
00
00
00
00
00
00
00
00
00
00
00

$6,325 00
4,305 00
7,130 00
2,260 00
1,802 00
2,950- 00
8,118 00
3,616 00
5,520 00
2,900 00
1,035 00
5,100 00
1,900 00
3,450 00
6,360 00
7,050 00
840 00
7,280 00
2,625 00
6,300 00
3,300 00

$97,008 00

$90,166 00

$5,500
4,200
6,200
2,000
1,700
2,500
4,100
3,200
4,600
2,500
900
3,400
2,000
3,000
6,000
5,000
700
5,200
2,100
5,000
2,000
$71,800

Amount Invested.

$5,665
4,620
7,564
2,760
2,082
3,250
9,942
4,096
6,187
3,000
1,116
5,950
1,880
3,450
6,810
7,000
770
7,540
2,625
7,100
3,600

Detailed Statement o f Railroad Bonds.

.
.

.
.

.
.

*

Amount Invested.

$6,300 00
1,000 00

$5,200 00*
860 00*

$6,000

$7,300 00

$6,060 00

j ►
—1 Ol

Eastern R R. 6s,
Rutland R.R. 5s,

Estimated
Market Value.

=m
oo oo
o o

Par Value.

Legal investments when made.

Total Amount o f Loans with Each Specified Rate o f Interest, including
Deposits in Banks on Interest.

Amount.

Kate.

$ 12,000 00
5,175 00

per cent.
4è
“
4|
“

11,000 00


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

I

Amount.

Rate.

Amount.

Kate.

$32,200 00
38,000 00
57,750 00

5 per cent.
H
“
5h
“

$ 8,200 00
91,846 67

5| per cent.
6

26

B A N K C O M M ISSIO N E R S’ R E PO R T.

Value, by books, of real estate, held by foreclosure or otherwise,
Assessed value of the s a m e ,.................................................................................
Number of loans which are of an amount not exceeding $3,000 each,. 76
Aggregate amount of the s a m e , ........................................................................
Total number of loans upon real e s t a t e , ............................................. 88
Gross amount of interest or profits received or earned, as per books, dur­
ing the year ending Oct. 31, 1889,
...............................................................
Rate and amount of each semi-annual dividend during the f 2^ per cent., 1
year ending Oct. 31, 1889.......................................................... ( 2^ per cent., 1
Times for the dividends fixed by the by-laws : January. 15 and July 15.
Number of accounts opened during the year ending Oct. 31, 1889,
. 153
Number of accounts closed during the year ending Oct. 31, 1889,
. 96
Total number of open accounts Oct. 31, 1889,
.
.
.
.
1,092
Expenses of the corporation for the year ending Oct. 31, 1889 (exclusive
of t a x e s ) , ............................................................................................................
Amount of deposits, not including dividends, received during the year end­
ing Oct. 31, 1889,...................................................................................................
Number of s a m e , .....................................................................................655
Amount of withdrawals, including dividends, during the year ending Oct.
31, 1 8 8 9 , .........................................................................................
Number of s a m e ,......................................................................................523
Date of examination by commissioner: August 3.

[Jan.
$1,175 00
1,925 00
71,956 67

17,133 40
6,876 19
7,226 06

1,790 79
54,671 29

43,685 03

Classification o f Deposits received during the Year ending Oct. 3 1 ,1 8 8 9 .
Hum-

Number.

Amount.

her.
O f $50 and less,
Exceeding $50, and
more than $100, .
Exceeding $100, and
more than $200, .
Exceeding $200, and
more than $500, .
Exceeding $500, and
than $1,000, .
O f $1,000 or more, .

432

$10,034 88

104

8,824 57

64

10,293 98

38

12,493 77

11
6

7,024 09
6,000 00

655

$54,671 29

To the credit —
O f women, both adult
and minor,
Of guardians,
O f religious and charitable associations, .
In trust, .
.
.
.

not
not
not

Amount.

327
3

$26,388 83
228 00

8,
16

286 15
1,769 95

less

Co m m o n w e a l t h

of

M a ssach u setts .

W orcester , ss ., N ov . 18, 1889.
Personally appeared Frank A. Rich, Treasurer of the Barre Savings Bank, and made
oath that the foregoing statement, by him subscribed, is a true and correct statement of
all the resources and liabilities of said institution, and that the answers made by him to
the foregoing interrogatories contain the whole truth in reference to the matters to which
they relate, according to his best knowledge and belief.

Before me,

P e in t H. B a b b it t , Justice o f the Peace.

W

orcester , ss .,

N ov . 18,1889.

Personally appeared Charles Brimblecom, President, and Oramel Clark, J. Henry
Goddard, Estes Hawes, J. C. Bartholomew and Frederick W . Jenkins, trustees of said
corporation, and severally made oath that the annexed report is correct, according to
their best knowledge and belief.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Before me,

P l in y H. B a b b it t , Justice o f the Peace.

1890.]

27

P U B L IC DOCU M ENT — No. 8.

BASS R IV E R S A V IN G S B A N K -S O U T H Y A R M O U T H .

Incorporated April 20, 1874.

Present number of corporators, 34.

H i r a m L o r i n g , President.

D a v i d D . K e l l e y , Treasurer.

H i r a m D . L o r i n g , Clerk o f the Corporation.

Names of committee charged with the investment of its funds:
H ir a m L o r in g ,

O b e d B a k e r , 3d,

R u ssell D . F a r r is ,

St e p h e n W in g ,

D a v id K e l l e y ,

P eleg P. A k in .

Open for business every business day, 2 to 4

p

.m .

B a l a n c e S h e e t , O ctober 31, 1889.

A ssets.

L ia b il it ie s .

Public funds as per schedule, .
Bank stock as per schedule,
Loans on bank stock,
Railroad bonds as per schedule,
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
(n o te s ),....................................
Deposits in banks, on interest, .
Deposit in bank, not on interest,
Stock of Border City M’f’g Co.,*,
Stock of Sagamore M’f’g Co.,* j
Cash on hand, .
.
.
.

$59,792
85,696
1,927
41,150
5,638
137,862
174,810

85
35
30
00
11
57
44

Deposits, .
Guaranty fund,
Profit and loss account, .

$521,976 03
10,201 78
3,147 91

1,000 00

8,779
457
5,209
5,208
7,794

32
00
40
28
10

$535,325 72

$535,325 72

* To secure indebtedness.

Cash on Deposit in Banks, amount in each : —
Maverick National Bank, Boston.......................................................................... $3,821 33
International Trust Company, Boston,...............................................................
2,477 25
National Bank of the Republic, B o s t o n , ......................................................
457 00
First National Bank, Hyannis,
.
.
.
.
.
.
.
.
.
2,480 74


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

28

[Jan

B A N K CO M M ISSIO N E R S’ R E PO R T.

Loans on Bank Stock, amount on each : —
On
On
On
On

5 shares Cape Cod National Bank, Harwich, .
1 share First National Bank, Yarmouth,
12 shares Cape Cod National Bank, Harwich,
4 shares First National Bank, Yarmouth,

‘I

$327 30

1,200 00
400 00

Detailed Statement o f Public Funds.

Tar Value.

City of Boston, Mass., 4s,
Town of Beverly, Mass , 4s,
of Clinton, Mass., 4s,
City of Lowell, Mass., 4s,
Town of Spencer, Mass., 4s,
City of Columbus, Ohio, 4s,
of Providence, R. I., 5s,

.
.
.
.

Estimated
Market Value.

$10,000
5.000
5.000
8.000
10,000
10,000
10,000

$10,900
5.300
5.300
8,480
10,700
10,100
12,000

$58,000

$62,780 00

00
00
00
00
00
00
00

Amount Invested.

$10,000
5.000
5.000
8.000
10,350
10,000
11,442

00
00
00
00
00
00
85

$59,792 85

No. of

Shares.

Detailed Statement o f Bank Stocks.

73
63
25
15
13
82
8
21
50
10
49
50
30
55
30
56
7
50
20
24
12

Par Value.

Tremont Nat’l Bank, Boston,
Everett Nat’l Bank, Boston, .
Shawmut Nat’l Bank, Boston,
State National Bank, Boston,
Market Nat’l Bank, Boston, .
N’l B’k of the Republic, Boston,
Blackstone N’l Bank, Boston,
Nat’l Eagle Bank, Boston,
Manufacturers’ N’l B’k, Boston,
Suffolk Nat’l Bank, Boston, .
Second Nat’l Bank, Boston, .
Nat’l Exchange B’k, Boston, .
Boston Nat’l Bank, Boston, .
Fanned Hall N’l B’k, Boston,.
Atlas National Bank, Boston,
Merchants’ N’l Bank, Boston,
Old Boston N’l Bank, Boston,
N’l B’k of Redemption, Boston,
Citizens’ N’l B’k, New Bedford,
First N’l Bank, New Bedford,
First Nat’l Bank, Yarmouth, .


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$7,300
6,300
2,500
1,500
1,300
8,200
800
2,100
5,000
1,000
4,900
5,000
3,000
5,500
3,000
5,600
700
5,000
2,000
2,400
1,200
$74,300

Estimated
Market Value.

$8,285
6,426
3,250
1,852
1,300
13,694
890
2,163
5,250
1,151
8,575
6,375
3,660
7,865
3,547
7,892
833
6,725
2,780
3,600
1,680

50
00
00
50
00
00
00
00
00
50
00
00
00
00
50
00
00
00
00
00
00

$97,795 00

Amount Invested.

$7,780
6,615
2,750
1,770
1,300
9,429
800
2,205
5,241
1,000
6,738
5,927
3,270
6,765
3,660
7,280
756
6,500
2,000
2,400
1,508

00
00
00
00
00
88
00
00
80
00
00
00
00
00
00
00
00
00
00
00
67

$85,696 35

1890.]

29

P U B L IC D O CU M EN T — No. 8.

Detailed Statement o f Railroad Bonds.

Par Value.

Fitchburg R.R. 4s, .
Fitchburg R.R. 4is, .
.
.
.
New Bedford R.R. 7s,
Old Colony R.R. 6s,
. . .
Old Colony R.R. 7s,
. . .
Vermont & Massachusetts R.R. 5 s,.

Estimated
Market Value.

$20,000
5.000
3.000
3.000
4.000
5.000

$19,200
5,050
3,340
3,333
4,452
5,300

00
00
00
00
00
00

$40,000

$40,675 00

Amount Invested.

$20,600
5.000
3.000
3.000
4.000
5,550

00
00
00
00
00
00

$41,150 00

Total Amount o f Loans with Each Specified Rate o f Interest, including
Deposits in Banks on Interest.

Amount.

$8,779
45.000
18,754
13.000

Rate.

32
00
11
00

2£ per cent.
4
4à
“
4|
«

Amount.

$91,762 30
15,000 00
31,962 33

Rate.

5 per cent.
54
“
5h
“

Amount.

$95,266 57
400 00
4,455 00

Rate.

6 per cent.

61
7

Value, by books, of real estate, held by foreclosure or otherwise,
Assessed value of the same, .
........................................................................
Net income received from same during year ending Oct. 31, 1889,
Number of loans which are of an amount not exceeding $3,000 each, . 193
Aggregate amount of the s a m e , .......................................................................
Total number of loans upon real estate,......................................................142
Amount of investments from which no income is received, .
.
.
.
Gross amount of interest or profits received or earned, as per books, during
year ending Oct. 31, 1889, .................................................................................
Rate and amount of each semi-annual dividend during the | 2 per cent.,!
year ending Oct. 31, 1889........................................................... ) 2 per cent., 1
Times for the dividends fixed by the by-laws: April 1 and October 1.
Number of accounts opened during the year ending Oct. 31, 1889,
. 252
Number of accounts closed during the year ending Oct. 31, 1889,
. 168
Total number of open accounts Oct. 31, 1889....................................
1,827
Expenses of the corporation for the year ending Oct. 31,1889 (exclusive of
t a x e s ),...........................................................................................................• .
Amount of deposits, not including dividends, received during the year end­
ing Oct. 31, 1889,..................................................................................................
Number of s a m e , .................................................................................... 994
Amount of withdrawals, including dividends, during the year ending Oct.
31, 1 8 8 9 , .........................................................................................
Number of same, .
942
Date of examination by commissioner: July 23.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

“

$5,638 11
6,500 00

112 00
112,800 31
3,116 44
23,542 96
9,613 55
9,736 48

1,911 29
100,888 97

97,293 68

30

B A N K CO M M ISSIO N E R S’ R E PO R T.

[Jan

Classification o f Deposits received during the Year ending Oct. 31, 1889.
Num­
ber.
O f $50 and less,
Exceeding $50, and
more than $100, .
Exceeding $100, and
more than $200, .
Exceeding $200, and
more than $580, .
Exceeding $500, and
than $1,000, .
O f $1,000 or more, .

Num­

Amount.

ber.

591

$12,219 08

183

15,817 39

103

15,792 73

84

28,942 82

20
13

14,055 75
14,061 20

‘ 994

$100,888 97

not
not
not

To the credit —
O f women, both adult
and minor,
Of guardians,
O f religious and chari­
table associations, .
In trust................................

less

C om m o n w ealt h

of

Amount.

461
7

$47,039 68
2,501 13

10
23

917 98
3,560 45

M assachusetts .
B a r n st a b l e ,

ss .,

N ov . 18, 1889.

Personally appeared David D. Kelley, Treasurer of the Bass River Savings Bank, and
made affirmation that the foregoing statement, by him subscribed, is a true and correct
statement of all the resources and liabilities of said institution, and that the answers
made by him to the foregoing interrogatories contain the whole truth in reference to the
matters to which they relate, according to his best knowledge and belief.
Before me,

H e n r y G. C r o w e l l , Justice o f the Peace.

B a r n st a b l e ,

ss .,

N ov. 18, 1889.

Personally appeared Hiram Boring, President, and Obed Baker, 3d, Russell D.
Farris, Geo. H. Loring, Hiram D. Loring and Silas B. Parker, trustees of said corpo­
ration, and severally made oath that the annexed report is correct, according to their best
knowledge and belief.
Before me,
H e n r y G. C r o w e l l , Justice o f the Peace.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

1890.]

P U B L IC DO CU M EN T — No. 8.

31

B E LM O N T SA V IN G S B A N K — BELM O N T.

Incorporated 1885.
J. V

arnum

Present number of corporators, 40.
W in t h r o p L. C h e n e r t , Treasurer.

F l e t c h e r , President.

T h o m a s W . D a v i s , Clerk o f the Corporation.

Names of committee charged with the investment of its funds :
J. Y . F l e t c h e r ,

F r e d e r ic D o d g e ,

G . C. H o l t ,

J. L. E l l i s ,
T h os. D . B l a k e .

Open for business Wednesdays, 4 to 6 and 7 to 8

p

.m .

B a l a n c e Sh e e t , O ctober 31, 1889.

A ssets.

Loan on public funds,
Bank stock as per schedule,
Railroad bonds as per schedule,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
(n o te s ),....................................
Deposit in bank, on interest,
Expense account,
Suspense account,
Cash on hand, .
.
.
.

L ia b il it ie s .

$3,500
2,205
4,222
23,200
800

00
87
50
00
00

Deposits, .
Guaranty fund,
Interest account,
Profit and loss ac­
count, .

$38,451 57
180 00
304 38
44 74

2,000 00

1,093 18
8 35
1,450 00
500 79
$38,980 69

$38,980 69

Cash on Deposit in Bank : —
Faneuil Hall National Bank, B o s t o n ,............................................................... $1,093 18
Loan on Public Funds : —
On $4,000 City of Pawtucket, R. I., 4 s ,.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$3,500 00

32

B A N K CO M M ISSIO N ERS’ R E PO R T.

[Jan.

No. of
Shares.

Detailed Statement o f Bank Stocks.

4
3
3
2
5
4

Par Value.

Blackstone N’l Bank, Boston,
Freeman’s N’l Bank, Boston,.
N’l Hide & Leather B’k, Boston,
Nat’l Webster Bank, Boston,.
Third National Bank, Boston,
Traders’ Nat’l Bank, Boston,.

$400
300
300
200
500
400
$2,100

Estima ted
Market Value.

$451
311
360
210
522
380

Amount Invested.

$425
319
361
214
495
390

00
25
00
50
50
00

$2,235 25

00
50
50
25
62
00

$2,205 87

Detailed Statement of Railroad Bonds.

Par Value.

$4,000

Fitchburg R.R. 5s, .

Estimated
Market Value.

$4,360 00

Amount Invested.

$4,222 50

Total Amount o f Loans with Each Specified Rate o f Interest, including
Deposits in Bank on Interest.

Kate.

Amount.

$1,093 18
3,500 00
2,000 00

3 per cent.
4
4J
»

Amount.

$8,700 00
500 00

Kate.

5 per cent.
ôh

Kate.

Amount.

$14,450 00
350 00

6
7

per cent.

Number of loans which are of an amount not exceeding $3,000 each,.
17
Aggregate amount of the s a m e , ........................................................................ $21,100 00
Total number of loans upon real e s t a t e , ............................................. 13
Amount of investments from which no income is received, .
.
.
.
1,450 00
Gross amount of interest or profits received or earned, as per books, during
year .ending Oct. 31, 1 8 8 9 ,.................................................................................
1,293 07
Rate and amount of each semi-annual dividend during the ) 2 per cent., f
439 01
year ending Oct. 31, 1 8 8 9 ,......................................................■* 2 per cent., 1
515 38
Times for the dividends fixed by the by-laws : third Wednesday in January
and July.
Number of accounts opened during the year ending Oct. 31, 1889,
. 64
Number of accounts closed during the year ending Oct. 31, 1889,
. 21
Total number of open accounts Oct. 31, 1 8 8 9 , .................................... 300
Expenses of the corporation for the year ending Oct. 31, 1889 (exclusive
42 10
of t a x e s ) , ..........................................................................................


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Federal Reserve Bank of St. Louis

1890.]

P U B L IC DO CU M EN T — No. 8.

33

Amount of deposits, not including dividends, received during the year end­
ing Oct. 31, 1889,.................................................................................................. f 19,121 04
Number of s a m e , ......................................................................................... 314
Amount of withdrawals, including dividends, during the year ending Oct.
3 1 , 1 8 8 9 , ............................................. ..............................................................
4,978 57
Number of s a m e , ......................................................................................... 73
Date of examination by commissioner: June 19.

Classification o f Deposits received during the Year ending Oct. 31,1889■
Num­
ber.
O f $50 and less,
Exceeding $50, and
more than $100, .
Exceeding $100, and
more than $200, .
Exceeding $200, and
more than $500, .
Exceeding $500, and
than $1,000, .
O f $1,000 or more, .

Num­

Amount.

240

$3,180 32

41

3,409 50

15

2,301 86

12

4,840 00

2
4

1,389 36
4,000 00

314

$19,121 04

not
not
not

ber.
To the credit —
O f women, both adult
and minor,
O f guardians,
O f religious and chari­
table associations, .

Amount.

118
1

$7,291 36
589 36

1

75 00

less
.

C o m m o n w e a l t h oe M a s s a c h u s e t t s .
M id d l e s e x , s s .

B e l m o n t , N o v . 2, 1889.

Personally appeared 'Winthrop L. Chenery, Treasurer of the Belmont Savings Bank,
and made oath that the foregoing statement, by him subscribed, is a true and correct
statement of all the resources and liabilities of said institution, and that the answers
made by him to the foregoing interrogatories contain the whole truth in reference to the
matters to which they relate, according to his best knowledge and belief.
Before me,
M i d d l e s e x , ss.

F r e d e r i c D o d g e , Justice o f the Peace.

B e l m o n t , N o v . 2, 1889.

Personally appeared J. V . Fletcher, President, and James E. Locke, Chandler
Robbins, J. O. Wellington, Josiah S. Kendall and Thomas D. Blake, trustees of said
corporation, and severally made oath that the annexed report is correct, according to
their best knowledge and belief.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Before me,

F r e d e r i c D o d g e , Justice o f the Peace.

34

[Jan

B A N K COM M ISSIO N ERS’ R E PO R T.

B E N J A M IN F R A N K L IN S A V IN G S B A N K — F R A N K L IN .
Incorporated Feb. 1, 1871.

Present number of corporators, 39.

D a v i s T h a y e r , J r ., President.

C h a s . W . S t e w a r t , Treasurer.

C h a s . W . S t e a v a r t , Clerk o f the Corporation.

Names of committee charged with the investment of its funds :
D a v i s T h a y e r , J r .,

Jas. M.

Jo s . G . R a y ,

E. H.

Freem an,

J a s . P. R a y ,

Sh er m a n ,

A . H . M orse,
A . A . F letcher.

Open for business every business day, 9

a .m

. to 12 m ., and 1 to 4 p . m .

B ala n c e Sh e e t , O ctober 31, 1889.

L ia b il it ie s .

A ssets.

Public funds as per schedule, .
Bank stock as per schedule,
Railroad bonds as per schedule,
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
(notes), ....................................
Deposits in banks, on interest, .
Deposit in bank, not on interest,
Expense account,
Furniture and fixtures,
Cash on hand, .
.
.
.

$1,815
45,566
10,075
9,935
196,354
98,678

Deposits, .
Guaranty fund,
Interest account,

00
77
00
36
50
81

$355,713 65
12,827 10
8,342 97

2,000 00

8,884
482
1,133
968
989

54
28
37
68

41

$376,883 72

$376,883 72

Cash on Deposit in Banks, amount in each : —
Franklin National Bank, F r a n k l i n , ...............................................................$482 28
7,574 02
Maverick National Bank, Boston,.......................................................................
International Trust Company, Boston.................................................................. 1,310 52

Detailed Statement o f Public Funds.

Par Value.

$2,000

City of Bath, Me., 6s,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Estimated
Market Value.

*

A legal investment when made.

$2,100 00

Amount Invested.

$1,815 00*

1890.

35

PU B L IC D O CU M EN T — No. 8

No. of

Shares.

Detailed Statement o f Bank Stocks.

14
5
27
70
75
30
25
9
10
15
16
8
31
23
12

Par Value.

Columbian N’l Bank, Boston,
Continental NT Bank, Boston,
N’l B’k of Commerce, Boston,
Eliot National Bank, Boston,
Franklin N’l Bank, Franklin,
Hamilton Nat’l Bank, Boston,
Howard Nat’l Bank, Boston, .
NT Hide&Leather B’k, Boston,
Market Nat’l Bank, Boston, .
NT B’k of No. America, Boston,
Nat’l Revere Bank, Boston, .
Shoe & Leather N’l B’k, Boston,
Tremont Nat’l Bank,'"Boston,
Washington N’l Bank, Boston,
National Bank of Wrentham,
Wrentham, .
.
.
.

$1,400
500
2,700
7,000
7,500
3,000
2,500
900
1,000
1,500
1,600
800
3,100
2,300

Estimated
Market Value.

$1,701
612
3,456
9,205
9,000
3,750
2,750
1,080
1,000
1,833
1,984
754
3,518
2,886

Amount Invested.

00
50
00
00
00
00
00
00
00
75
00
00
50
50

$1,845
620
3,456
8,887
8,932
3,790
2,902
1,032
1,100
1,680
1,776
1,137
3,902
3,266

00
00
00
50
65
00
50
75
00
00
00
00
37
00

840

960 00

1,239 00

$36,640

$44,491 25

$45,566 77

Detailed Statement o f Railroad Bonds.

Par Value.

Fitchburg R.R. 4is,

$ 1 0 ,0 0 0

Estimated
Market Value.

Amount Invested.

$10,025 00

$10,075 00

Total Amount o f Loans with Each Specified Rate o f Interest, including
Deposits in Banks on Interest.

Amount.

Rate.

$8,884 54

2£ per cent.

12,000 00

53,000 00

4
4è

“
“

Amount.

$80,200 00
1,800 00

Rate.

Amount.

5 per cent.
5è
“

$148,933 31
1,100 00

Value, by books, of real estate, held by foreclosure or otherwise,
.
.
Assessed value of the s a m e ,................................................................................
Net income received from same during year ending Oct. 31, 1889, .
.
Number of loans which are of an amount not exceeding $3,000 each, . 247
Aggregate amount of the s a m e , .......................................................................
Total number of loans upon real estate,......................................................210
Amount of investments from which no income is received, .
.
.
.
Gross amount of interest or profits received or earned, as per books, during
year ending Oct. 31, 1 8 8 9 ,.................................................................................


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Rate.

6 per cent.

7

$9,935 36
10,870 00
572 90
161,933 31
1,000 00
19,117 59

B A N K CO M M ISSIO N ERS’ R E PO R T.

36

Rate and amount of each semi-annual dividend during the 1 2 per cent., r
year ending Oct. 31, 1 8 8 9 ,......................................................} 2 per cent., (
Times for the dividends fixed by the by-laws : first Monday in January
and July.
Number of accounts opened during the year ending Oct 31, 1889,
. 262
Number of accounts closed during the year ending Oct. 31, 1889,
. 176
Total number of open accounts Oct. 31, 1889,
.
.
.
.
1,519
Expenses of the corporation for the year ending Oct. 31, 1889 (exclusive
of t a x e s ) , ...........................................................................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 8 8 9 , ........................................................................................
Number of s a m e , .........................................................................................1,255
Amount of withdrawals, including dividends, during the year ending Oct.
31, 1 8 8 9 , ..........................................................................................................
Number of s a m e , ............................................................................................911
Date of examination by commissioner : April 10.

[Jan.
$6,195 47
6,532 99

2,245 95
90,805 58

78,062 24

Glassification o f Deposits received during the Year ending Oct. 3 1 ,1 8 8 9 .
Number.
O f $50 and less,
Exceeding $50, and not
more than $100, .
Exceeding $100, and not
more than $200, .
Exceeding $200, and not
more than $500, .
Exceeding $500, and less
than $1,000, .
O f $1,000 or more, .

ber.

926

$18,675 25

162

13,002 37

74

12,151 82

62

21,661 39

25
6

18,714 75
6,600 00

1,255

$90,805 58

Com m onw ealth
N orfolk,

Num-

Amount.

To the credit —
O f women, both adult
and minor,
Of guardians,
In trust, .
.
.
.

oe

533
1
59

Amount.

$32,654 37
50 00
12,217 51

M a ssa ch u setts.
F r a n k l i n , N ov . 11, 1889.

ss .

Personally appeared Chas. W . Stewart, Treasurer of the Benjamin Franklin Savings
Bank, and made oath that the foregoing statement, by him subscribed, is a true and
correct statement of all the resources and liabilities of said institution, and that the
answers made by him to the foregoing interrogatories contain the whole truth in refer­
ence to the matters to which they relate, according to his best knowledge and belief.
Before me,
N orfolk,

J a m e s M. F r e e m a n , Justice o f the Peace.

F r a n k l i n , Nov. 11, 1889.

ss .

Personally appeared Davis Thayer, Jr., President, and William E. Whiting, J. C.
Gallison, Jos. G. Ray, Chas. P. Carter, W m . Rockwood, trustees of said corporation,
and severally made oath that the annexed report is correct, according to their best
knowledge and belief.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Before me,

J a m e s M . F r e e m a n , Justice o f the Peace.

1890.]

37

PU B L IC D O CU M ENT — No. 8

B E R K SH IR E C O U N TY SA V IN G S B A N K — PIT T SF IE L D .
Incorporated 1847.

Present number of corporators, 40.

J o s e p h T u c k e r , President.

R o b e r t W . A d a m , Treasurer.

W i l l i a m L. A d a m , Clerk o f the Corporation.

Names of committee charged with the investment of its funds :
J a b e z L. P e c k ,

C h arles W . K ellogg,

W il l ia m H . Sl o a n ,

R obt. W . A d a m ,

H asc al D o d g e .

Open for business every business day, 9

a .m .

to 3

p .m

.

B a l a n c e S h e e t , O ctober 31, 1889.

A ssets.

Public funds as per schedule, .
Bank stock as per schedule,
Loans on bank stock,
Railroad bonds as per schedule,
Loans on railroad bonds, .
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
(notes).......................................
Deposits in banks, on interest, .
Deposits in banks, not on interest,
Expense account,
Cash on hand, .
.
.
.

L ia b il it ie s .

$797,500
118,000
15,665
122,500
3,800
1,830
1,101,497
243,231
85,300
36,549
18,572
2,288
574

00
00
00
00
00
00
00
00

Deposits, .
Guaranty fund,
Profit and loss account, .

$2,439,538 70
70,000 00
37,769 63

00

40
94
21

78

$2,547,308 33

$2,547,308 33

Cash on Deposit in Banks, amount in each: —
Agricultural National Bank, Pittsfield, .
Pittsfield National Bank, Pittsfield,
Third National Bank, Pittsfield,
.
.
.
.
National Revere Bank, Boston...................................
National Bank of the Republic, Boston,.

$ 8,010 99
10,561 95
10,000 00

19,396 26
7,153 14

Loans on Bank Stock, amount on each : —


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

O
o
*o
€©■

On 5 shares Third National Bank, Pittsfield,
On 5 shares Third National Bank, Pittsfield,
On 15 shares Third National Bank, Pittsfield,
On 85 shares Third National Bank, Pittsfield,
On 37 shares Pittsfield National Bank, Pittsfield, .
On 12 shares Pittsfield National Bank, Pittsfield, .
On 8 shares Berkshire National Bank, North Adams,

00
00
00
00
00
1,200 00
600 00

500
1,365
8,500
3,000

38

B A N K CO M M ISSIO N ERS’ R E PO R T.

[Jan

Loans on Railroad Bonds, amount on each : —
On $4,000 Boston & Albany R.R. 7s......................................................................$3,400 00
On $1,000 Boston & Lowell R.R. 7 s , ...............................................................
400 00

Detailed Statement o f Public Funds.

l’ar Value.

United States 4s,
United States 6s,
Town of Adams, Mass., 6s,
City of Bath, Me., 6s,
of Boston, Mass., 4s,
District of Columbia 6s, .
City of Columbus, Ohio, 4s, .
of Dayton, Ohio, 4s,
of East Providence, R. I., 5s, .
Town of Framingham, Mass., 4s, .
City of Keene, N. H., 4s,
of Lowell, Mass., 4s,
Town of Marlborough, Mass., 4s, .
City of Milwaukee, Wis., 7s, .
State of New Hampshire 6s, .
Town of Pawtucket, R. I., 5s,
City of Peoria, 111., 4s, .
Town of Pittsfield, Mass., 4 s,.
City of Providence, R. I., 5s, .
Town of Southbridge, Mass., 4s, .
of Spencer, Mass., 4s, .
City of Springfield, Ohio, 6s, .
of Taunton, Mass , 4s,
Town of West Hartford, Conn., 4s,

*A

Estimated
Market Value.

$70,000
55,000
500
12,000
30,000
30,000
50,000
90,000
24,000
40,000
20,000
39,000
75,000
5,000
10,000
20,000
15,000
50,000
27,000
30,000
35,000
25,000
27,000
18,000

$86,900 00
69,025 00
540 00
12,500 00
31,650 00
31,050 00
50,500 00
92,300 00
24,960 00
42,200 00
20,400 00
40,560 00
80,250 00
5,250 00
12,000 00
22,300 00
15,600 00
52,250 00
30,510 00
30,750 00
37,450 00
28,750.00
- 28,620 00
18,720 00

$797,500

$865,035 00

Amount Invested.

$70,000
55,000
500
12,000
30,000
30,000
50,000
90,000
24,000
40,000
20,000
39,000
75,000
5,000
10,000
20,000
15,000
50,000
27,000
30,000
35,000
25,000
27,000
18,000

00
00
00
00*
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

$797,500 00

legal investment when made.

No. of
Shares.

Detailed Statement o f Bank Stocks.

45
109
41
100
32
68
60
80
80
25
120

Par Value.

Atlantic Nat’l Bank, Boston, .
Atlas National Bank, Boston,
Blackstone N’l Bank, Boston,
Boston Nat’l Bank, Boston, .
Howard Nat’l Bank, Boston, .
Merchants’ N’l Bank, Boston,
N’l B’k of Commerce, Boston,
N’l B’k of the Republic, Boston,
National Eagle Bank, Boston,
N’l Hide & Leather B’k, Boston,
Nat’l Revere Bank, Boston, .


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$4,500
10,900
4,100
10,000
3,200
6.800
6,000
8,000
8,000
2,500
12,000

Estimated
Market Value.

$6,412
12,889
4,848
12,200
3,520
9,826
7,680
13,360
8,240
3,000
14,880

00
00
00
00
00
00
00
00
00
00
00

Amount Invested.

$4,500
10,900
4,100
10,000
3,200
6,800
6,000
8,000
8,000
2,500
12,000

00
00
00
00
00
00
00
00
00
00
00

39

P U B L IC DO CU M EN T — No. 8.

1890.]

No. of

Shares.

Detailed Statement o f Bank Stocks — Concluded.

80
35
20
60
20
70
2
32
101

Par Value.

Nat’l Webster Bank, Boston,
North National Bank, Boston,
Shawmut Nat’l Bank, Boston,
First Nat’l Bank, Chicopee, .
Hadley Falls N’l B’k, Holyoke,
Lee National Bank, Lee,
Adams N’l Bank, No. Adams,
Agricultural N’l B’k, Pittsfield,
Pittsfield N’l Bank, Pittsfield,

$8,000
3,500
2,000
6,000
2,000
7,000
200
3,200
10,100

Estimated
Market Value.

$8,000
4,865
2,600
8,700
3,300
9,800
300
8,000
16,160

Amount Invested.

$8,000
3,500
2,000
6,000
2,000
7,000
200
3,200
10,100

00
00
00
00
00
00
00
00
00

00
00
00
00
00
00
00
00
00

$118,000 $158,580 00 $118,000 00

Detailed Statement o f Railroad Bonds.

Par Value.

Worcester & Nashua R.R. 5s, .
Boston, Revere Beach & Lynn R.R. 6s,
Conn. & Passumpsic Rivers R.R. 7s,
New York, New Hav. &Hart. R.R. 4s,
Vermont & Massachusetts R.R. 5 s,.
Boston & Albany R.R. 7S,

$10,000
11,000
26,500
25.000
25.000
25.000

Estimated
Market Value.

$10,300
12,320
29,150
26,000
27,750
26,875

00
00
00
00
00
00

$122,500 $132,395 00

Amount Invested.

$10,000
11,000
26,500
25.000
25.000
25.000

00
00
00
00
00
00

$122,500 00

Total Amount o f Loans with Each Specified Rate o f Interest, including
Deposits in Banks on Interest.

Rate.

Amount.

$36,549 40
85,300 00

2 per cent.
4

Amount.

$1,356,682 00

Rate.

5 per cent.

Amount.

$7,511 00

6 per cent.

“

Value, by books, of real estate, held by foreclosure or otherwise,
.
.
Assessed value of the s a m e ,.................................................................................
Net income received from same during year ending Oct. 31, 1889,
.
.
Number of loans which are of an amount not exceeding $3,000 each, 372
Aggregate amount of the s a m e , ........................................................................
Total number of loans upon real e s t a t e , ............................................. 429
Gross amount of interest or profits received or earned, as per books, during
year ending Oct. 31, 1 8 8 9 , .................................................................................


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Rate.

$1,830 00
1,300 00
57 60
439,495 00

130,847 37

40

B A N K CO M M ISSIO N ERS’ R E PO R T.

[Jan.

Rate and amount of each semi-annual dividend during the i 2 per cent., r $44,240 52
year ending Oct. 3 1 ,1 8 8 9 ,...................................................... $ 2 per cent., }
45,113 14
Times for the dividends fixed by the by-laws : January 1 and July 1.
Number of accounts opened during the year ending Oct. 31, 1889,
1,420
Number of accounts closed during the year ending Oct. 31, 1889,
1,174
Total number of open accounts Oct. 31, 1889,
.
.
.
.
8,269
Expenses of the corporation for the year ending Oct. 31, 1889 (exclusive of
ta xes),.....................................................................................................................
7,258 71
Amount of deposits, not including dividends, received during the year end­
ing Oct. 31, 1889,...................................................................................................
503,150 15
Number of same...................................................................................... 7,685
Amount of withdrawals, including dividends, during the year ending Oct.
31, 1889.....................................................................................................................
478,813 04
Number of s a m e , ................................................................................. 5,799
Date of examination by commissioner: August 1.

Classification o f Deposits received during the Tear ending Oct. 3 1 ,1 8 8 9 .
Num­
ber.
O f $50 and less,
Exceeding $50, and not
more than $100, .
Exceeding $100, and not
more than $200, .
Exceeding $200, and not
more than $500, .
Exceeding $500, and less
than $1,000, .
O f $1,000 or more, .

Num­

Amount.

5,620

$122,763 04

1,134

93,610 28

473

73,886 23

331

112,231 18

86
41

59,659 42
41,000 00

7,685

$503,150 15

C om m o n w ealt h

ber.
To the credit —
O f women, both adult
and minor,
O f guardians,
Of religious and chari­
table associations, .
In trust................................

op

Amount.

4,006
18

$247,345 68
3,416 06

69
34

7,539 25
7,979 95

M assach u setts .
B e r k s h ir e ,

s s .,

N ov. 5,1889.

Personally appeared Robert W . Adam, Treasurer of the Berkshire County Savings
Bank, and made oath that the foregoing statement, by him subscribed, is a true and
correct statement of all the resources and liabilities of said institution, and that the
answers made by him to the foregoing interrogatories contain the whole truth in
reference to the matters to which they relate, according to his best knowledge and
belief.
Before me,
C h a s . E. B u r k e , Justice o f the Peace.

B e r k s h ir e ,

ss ., N o v .

7,1889.

Personally appeared Joseph Tucker, President, and J. L. Peck, H. Dodge, Chas. W .
Kellogg, W . H. Sloan, H. M. Pierson and Frank W . Dutton, trustees of said corpora­
tion, and severally made oath that the annexed report is correct, according to their
best knowledge and belief.
Before me,
C h a s . E. B u r k e , Justice o f the Peace.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

41

P U B L IC D O CU M EN T — No. 8.

1890.]

B E V E R L Y S A V IN G S B A N K — B E V E R L Y .
Incorporated 1867.

Present number of corporators, 42.

R o b e r t R. E n d ic o t t , President.

R o b ’ t G. B e n n e t t , Treasurer.

R o b ’ t G. B e n n e t t , Clerk o f the Corporation.

Names of committee charged with the investment of its funds :
R o b ’ t R . E n d ic o t t ,

A u g ustus N . Cl a r k ,

S a m ’ l J. F o s t e r .

Open for business every business day, 8.30

B a l a n c e Sh e e t , O c t o b e r

a .m .

to 1.30

p .m .

31, 1889.
L ia b il it ie s .

A ssets.

$35,000
220,410
4,500
23.000

Public funds as per schedule, .
Bank stock as per schedule,
Loans on bank stock,.
Railroad bonds as per schedule,
Real estate (for banking pur­
poses), ....................................
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
( n o te s ),....................................
Loans on depositors’ books,
Deposit in bank, not on interest,
Expense account,
Premium account,
Cash on hand, .
.
.
.

00
00
00
00

20.000 00

Deposits, .
Guaranty fund,
Interest account,
Profit and loss ac­
count, .

$1,137,664 29
25,867 83
2,457 37
3,483 18

5,531 75
439,567 37
247,837 42

100,000 00
350
47,000
244
25,596
435

00
00
27
08
78
$1,169,472 67

$1,169,472 67

Cash on Deposit in Bank : —
Beverly National Bank, B e v e rly ,........................................................................$47,000 00
Loans on Bank Stock, amount on each : —
On 25 shares Beverly National Bank, B e v e r l y ,.............................................$2,500 00
On 21 shares Beverly National Bank, Beverly, .
. . .
.
.
.
2,000 00

Detailed Statement o f Public Funds.

Par Value.

Town of Beverly, Mass., 4s, .


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$35,000

Estimated
Market Value.

$36,050 00

Amount Invested.

$35,000 00

42

B A N K C O M M ISSIO N ERS’ R E PO R T.

[Jan.

No. of

Shares.

Detailed Statement o f Bank Stocks.

200
100
100
100
58
75
30
75
20
57
73
80
40
100
20
20
50
50
61
50
50
50
100
50
50
50
18
177
87
71
65
28
60
67

Par Value.

Beverly Nat’l Bank, Beverly,.
Atlas National Bank, Boston,
Blackstone N’l Bank, Boston,
National City Bank, Boston, .
Continental N’l Bank, Boston,
National Eagle Bank, Boston,
Nat’l Exchange Bank, Boston,
Freeman’s Nat’l Bank, Boston,
Globe National Bank, Boston,
Hamilton Nat’l Bank, Boston,
N’l Hide &Leather B’k, Boston,
Howard Nat’l Bank, Boston, .
Mass. National Bank, Boston,
Merchandise N’l Bank, Boston,
Merchants’ N’l Bank, Boston,
New England N’l B’k, Boston,
North National Bank, Boston,
N’l B’k of Redemption, Boston,
N’1B’k of the Republic, Boston,
Nat’l Revere Bank, Boston, .
Shawmut Nat’l Bank, Boston,
Shoe &Leather N’l B’k, Boston,
Suffolk Nat’l Bank, Boston, .
Tremont Nat’l Bank, Boston,.
Nat’l Webster Bank, Boston,.
First National Bank, Lynn, .
N’l Grand Bank, Marblehead,
Asiatic National Bank, Salem,
Nat’l Exchange Bank, Salem,
First National Bank, Salem, .
Mercantile Nat’l Bank, Salem,
Merchants’ Nat’l Bank, Salem,
Naumkeag Nat’l Bank, Salem,
Salem National Bank, Salem,

Estimated
Market Value.

Amount Invested.

$27,000 00
11,800 00
11,000 00
9,500 00
7,105 00
7,725 00
3,825 00
7,762 50
1,970 00
6,954 00
8,760 00
8,800 00
10,900 00
6,950 00
2,910 00
3,240 00
6,950 00
6,725 00
10,165 00
6,200 00
6,350 00
4,700 00
11,500 00
5,675 00
5,000 00
6,500 00
2,160 00
6,018 00
10,179 00
9,443 00
7,962 50
1,890 00
8,400 00
8,911 00

$20,000 00
10,000 00
10,000 00
10,000 00
5,800 00
7,500 00
3,000 00
7,500 00
2,000 00
5,700 00
7,300 00
8,000 00
10,000 00
10,000 00
2,000 00
2,000 00
5,000 00
5,000 00
6,100 00
5,000 00
5,000 00
5,000 00
10,000 00
5,000 00
5,000 00
5,000 00
1,800 00
5,310 00
8,700 00
7,100 00
6,500 00
1,400 00
6,000 00
6,700 00

|20,000
10,000
10,000
10,000
5,800
7,500
3,000
7,500
2,000
5,700
7,300
8,000
10,000
10,000
2,000
2,000
5,000
5,000
6,100
5,tOO
5,000
5,000
10,000
5,000
5,000
5,000
1,800
5,310
8,700
7,100
6,500
1,400
6,000
6,700

$220,410 $260,930 00 $220,410 00

Detailed Statement o f Bailroad Bonds.

Par Value.

Eastern R.R. 6s,
. . .
Boston & Lowell R.R. 5s,
Fitchburg R.R. 4is, . . .


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

*A

.

Estimated
Market Value.

$2,000
11,000
10,000

$2,520 00
12,100 00
10,000 00

$23,000

$24,620 00

legal investment when made.

Amount Invested.

$2,000 00*
11,000 00
10,000 00
$23,000 00

43

PU B L IC DO CU M EN T — No. 8.

1890.]

Total Amount o f Loans with Each Specified Rate o f Interest, including
Deposits in Banks on Interest.

Rate.

Amount.

$2,765
155,000
25.000
25.000

42
00
00
00

4

per cent.
«
“

H

“

0

Rate.

Amount.

$25,000 00
37.000 00
55.000 00

4§ per cent.

H
4|

“

“

Rate.

Amount.

$14,500 00
118,860 00
334,129 37

5 per cent.
5à
“
6
»

Amount invested in real estate for banking purposes,.................................... $ 20,000 00
Estimated value of the same...................................................................................
20,000 00
Assessed value of the s a m e ,.................................................................................
20,250 00
Net income received from same during year ending Oct. 31, 1889,
.
.
720 25
Value, by books, of other real estate, held by foreclosure or otherwise, .
5,531 75
Assessed value of the s a m e ,.................................................................................
4,400 00
Net income received from same during year ending Oct. 31, 1889,
.
.
375 90
Number of loans which are of an amount not exceeding $3,000 each,. 417
Aggregate amount of the s a m e , ........................................................................
395,254 79
Total number of loans upon real e s t a t e , .............................................412
Amount of investments from which no income is received, .
.
.
.
2,765 42
Gross amount of interest or profits received or earned, as per books, during
year ending Oct. 31,1889......................................................................................
53,576 35
Rate and amount of eachsemi-annual dividend during the ? 2 per cent., $
19,928 90
year ending Oct. 31, 1 8 8 9 ,...................................................... >2 per cent., (
20,783 72
Times for the dividends fixed by the by-laws : fourth Wednesday in April
and October.
Number of accounts opened during the year ending Oct. 31,1889,
. 646
Number of accounts closed during the year ending Oct. 31, 1889,
. 426
Total number of open accounts Oct. 31, 1889....................................
3,829
Expenses of the corporation for the year ending Oct. 31,1889 (exclusive of
taxes),.....................................................................................................................
2,657 91
Amount of deposits, not including dividends, received during the year end­
ing Oct. 31, 1889,...................................................................................................
279,382 71
Number of s a m e , .......................................................................................... 3,605
Amount of withdrawals, including dividends, during the year ending Oct.
31, 1 8 8 9 , ............................................................................................................
220,475 58
Number of s a m e , .......................................................................................... 2,653
Date of examination by commissioner : August 8 .

Classification o f Deposits received during the Year ending Oct. 3 1 ,1 8 8 9 .
Num­
ber.
O f $50 and less,
Exceeding $50, and
more than $100, .
Exceeding $100, and
more than $200, .
Exceeding $200, and
more than $500, .
Exceeding $500, and
than $1,000, .
O f $1,000 or more, .


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Num­

Amount.

2,647

$51,963 12

479

39,489 15

202

31,752 84

163

57,766 60

67
47

50,008 99
48,402 01

3,605

$279,382 71

not
not
not
less

ber.
To the credit —
O f women, both adult
and minor,
Of guardians,
O f religious and chari­
table associations, .
In trust................................

Amount.

1,454
8

$128,410 31
3,324 03

112
98

10,480 26
9,349 89

44

B A N K CO M M ISSIO N ERS’ R E PO R T.

C o m m o n w e a lt h

of

[Jan.

M assach u setts .
E sse x ,

ss .,

N ov . 19, 1889.

Personally appeared Robert G. Bennett, Treasurer of the Beverly Savings Bank, and
made oath that the foregoing statement, by him subscribed, is a true and correct state­
ment of all the resources and liabilities of said institution, and that the answers made by
him to the foregoing interrogatories contain the whole truth in reference to the matters
to which they relate, according to his best knowledge and belief.
Before me,
E ssex,

W

il l ia m

ss .

H . L ovett , Justice o f the Peace.

B e v e r l y , N ov. 19, 1889.

Personally appeared Robert R. Endicott, President, and F. W . Choate, Samuel Porter,
Sam’l J. Foster, Charles H. Odell and Joseph A. Wallis, trustees of said corporation,
and severally made oath that the annexed report is correct, according to their best
knowledge and belief.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Before me,

W

il l ia m

H. L ovett , Justice o f the Peace.

1890.]

P U B L IC D O CU M EN T — No. 8

45

BOSTON P IV E CENTS S A V IN G S B A N K — BOSTON.
Incorporated 1854.

Present number of corporators, 54.

A lonzo H . E v a n s , President.
C urtis C. N ichols , Treasurer.
E d w a r d E d m u n d s , Clerk o f the Corporation.

Names of committee charged with the investment of its funds :
A. H. E v a n s ,
S. A. D e n io ,
S a m ’ l R. P a yso n ,

E ustace C . F i t z ,

S. A. Carleton ,
W

m.

L e a n d e r Be a l ,
0 . Grover.

Open for business every business day, 9 a .m . to 2 p . m . ; and Saturdays, for deposits
only, 3 to 5 and 6 to 8 p . m .

B ala n c e Sh e e t , O ctober 31, 1889.

A ssets.

Public funds as per schedule, .
Loans on public funds,
Bank stock as per schedule,
Loans on bank stock,
Railroad bonds as per schedule,
Loans on railroad bonds, .
Loan on railroad stocks, .
Railroad notes, .
.
.
.
Real estate (for banking pur­
poses) ..........................................
Loans on real estate, .
Loans on personal security,
Loans to counties,cities or towns
( n o te s ),....................................
Deposits in banks, on interest, .
Expense account,
Cash on hand, .
.
.
.

L ia b il it ie s .

$2,558,881
147.800
531.800
142,900
85,000
9,500

50
00
00
00
00
00

8,000 00

Deposits, .
Guaranty fund,
Interest account,
Profit and loss ac­
count, .
Premium account, .
Suspense account, .

$16,226,321 40
572,361 18
32,127 00
214,206 57
120,058 21
3,473 06

250,000 00
36,878 68
7,098,870 55
5,417,800 00
127,500
731,724
130
21,761

00
85
60
24

$17,168,547 42

$17,168,547 42

Cash on Deposit in Banks, amount in each : —
National Bank of the Commonwealth, Boston,
National Security Bank, Boston,
Maverick National Bank, Boston,
Merchandise National Bank, Boston, .
Mechanics’ National Bank, Boston,
North National Bank, Boston,
Blackstone National Bank, Boston,
Amesbury National Bank, Amesbury,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$273,536
99,365
178,020
647
10,330
84,823
75,000

92
42
55
73
92
31

00
10,000 00

46

B A N K CO M M ISSIO N ERS’ R E PO R T.

[Jan.

Loans on Public Funds, amount on each : —
On $5,000 United States 4 s , ...............................................................
On $2,000 Cambridge, Mass., 6s , ......................................................
On $2,000 United States 4 s , ...............................................................
On $2,000 United States 4s..................................................................
On $5,000 District of Columbia 3 .6 5 s ,.............................................
On $2,000 Boston, Mass., 5 s , ......................................................
On $1,000 Newton, Mass., 6s , ......................................................
On $1,000 Providence, R. I., 5 s , ......................................................
On $130,000 Commonwealth of Massachusetts 3 per cent, note,

$5,000 00
1,400 00
2,000 00
6,000 00

1,600 00
1,800 00
130,000 00

Loans on Bank Stock, amount on each : —
On 146 shares Maverick National *Bank, Boston,
On 30 shares Faneuil Hall National Bank, Boston, .
On 35 shares National Hide and Leather Bank, Boston,
On 5 shares National Webster Bank, Boston,
On 26 shares National Rockland Bank, Boston, .
On 200 shares National City Bank, Boston,
On 30 shares Blackstone National Bank, Boston,
On 20 shares Blackstone National Bank, Boston,
On 25 shares First National Bank, South Weymouth,
On 10 shares Laconia National Bank, Laconia, N. H.,
On 400 shares First National Bank, Worcester, .
On 200 shares Broadway National Bank, Boston,
On 50 shares Fourth National Bank, Boston,
On 125 shares Fourth National Bank, Boston, .
On 125 shares Broadway National Bank, Boston,
On 10 shares First National Bank, Woburn,
On 120 shares Freeman’s National Bank, Boston,
On 120 shares Freeman’s National Bank, Boston,

$14,600 00
2,300 00
2,500
15,000
2,700
1,800

00
00
00
00
2,200 00
800 00
40,000 00
20,000 00
20,000 00
1,000 00
10,000 00
10,000 00

Loans on Railroad Bonds, amount on each : —
On $2,000 Old Colony R .R. 6s, .
.
On $6,000 New York, Providence & Boston R.R. 7s,
On $1,500 Maine Central R .R. 7s,

$ 2,000 00
6,000 00
1,500 00

Loan on Railroad Stock : —
On 75 shares Boston & Albany R.R.,

$ 8,000 00

Detailed Statement o f Public Funds.

Par Value.

United States 6s,
City of Chelsea, Mass., 6s,
of Boston, Mass., 6 s.,.
of Salem, Mass , 5s, .
of Somerville, Mass., 5s,
of Lowell, Mass., 6s, .
of Keene, N. H., 4s, .
District of Columbia 5s,
District of Columbia 6s,
City of Columbus, Ohio, 4s,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

.

$200,000
50,000
200,000
100,000
78,000
5,000
100,000
65,000
46,000
70,000

Estimated
Market Value.

00 $226,000 00
00
51,000 00
00
206,000 00
00
100,500 00
00
78,390 00
00
5,025 00
00
100,000 00
00
66,462 50
00
46,950 00
00
70,000 00

Amount Invested.

$200,000
50,000
200,000
100,000
78,000
5,000
100,000
65,000
46,000
70,000

00
00
00
00
00
00
00
00
00
00

1890.]

PU B LIC D O C U M E N T — No. 8.

47

Detailed Statement o f Public Funds — Concluded.

Par Value.

City of Biddeford, Me., 4s,
of Cleveland, Ohio, 4^s,
of East Saginaw, Mich., 5s,
of Boston, Mass., 5s, .
District of Columbia 7s,
City of Boston, Mass., 3£s,.
of Malden, Mass., 4 s ,.
of Milwaukee, Wis., 4s,
of Fitchburg, Mass., 6s,
Town of Everett, Mass , 6s,
of Danvers, Mass., 5s,
City of Malden, Mass., 6 s,.
of Norwich, Conn., 4s,
Town of Brookline, Mass , 5s, .
of Claremont, N. H., 6s, .
of No Attleboro1,Mass.,4s,
of Beverly, Mass , 4s,
County of Carroll-? N. H., 4s,
Town of Spencer, Mass., 4s,
of No. Easton, Mass., 4 s,.

$50,000
170,000
16,000
124,881
5,000
624,000
10,000
119,000
100,000
50,000
63,000
10,000
60,000
50,000
3,000
72,000
21,000
40,000
5,000
52,000

00
00
00
50
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

Estimated
Market Value.

$50,000
170,000
16,800
128,627
5,075
624,000
10,000
119,000
101,000
50,750
63,630
10,000
60,000
50,750
3,000
72,000
21,000
40,000
5,000
52,000

00
00
00
93
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

Amount Invested.

$50,000
170,000
16,000
124,881
5,000
624,000
10,000
119,000
100,000
50,000
63,000
10,000
60,000
50,000
3,000
72,000
21,000
40,000
5,000
52,000

00
00
00
50
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

$2,558,881 50 $2,602,960 43 $2,558,881 50

No. of

Shares.

Detailed Statement o f Bank Stocks.

411
168
120
167
150
395
100
250
100
200
150
145
223
325
100
47
225
250
225
150

Par Value.

Blackstone N’l Bank, Boston,
N'l B’k of Commerce, Boston,
Second Nat’l Bank, Boston, .
North Nat'l Bank, Boston,
Boston Nat’l Bank, Boston, .
Tremont Natl Bank, Boston,
Natl Eagle Bank, Boston,
Atlas Natl Bank, Boston,
Boyls'on N atl Bank, Boston,
Natl Rockland Bank, Boston,
Washington N’l Bank,Boston,
Natl Webster Bank, Boston,
Howard Natl Bank, Boston, .
N’l Hide & LeatherB’k,Boston,
Shawmut Natl Bank, Boston,
Merchants’ N’l Bank, Boston,
Suffolk Natl Bank, Boston, .
First N atl Bank, Boston,
Natl Revere Bank, Boston, .
N’l B’k of the Republic, Boston,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$41,100
16,800
12,000
16,700
15,000
39,500
10,000
25,000
10,000
20,000
15,000
14,500
22,300
32,500
10,000
4,700
22,500
25,000
22,500
15,000

Estimated
Market Value.

$43,566
21,504
19,920
22,211
18,000
42,265
10,300
29,250
13,000
29,200
18,000
14,355
24,084
38,675
12,700
6,580
25,425
55,000
28,800
24,000

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

Amount Invested.

$41,100
16,800
12,000
16,700
15,000
39,500
10,000
25,000
10,000
20,000
15,000
14,500
22,300
32,500
10,000
4,700
22,500
25,000
22,500
15,000

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

48

B A N K CO M M ISSIO N ERS’ R E PO R T.

[Jan

No. of

Shares.

Detailed, Statement o f Bank Stocks — Concluded.

100
280
100
202
100
54
101
330
100
50

Par Value.

Continental N’l Bank, Boston,
Nat’l Bank of the Commonwealth, Boston, .
Merchandise N’l B’k, Boston,
Nat’l City Bank, Boston,
Hamilton Nat’l Bank, Boston,
N’l B’k of Redemption, Boston,
Nat’l Exchange Bank, Boston,
Columbian Nat’l B’k, Boston,
Third Nat’l Bank, Springfield,
First N’l Bank, Marlborough,

Estimated

$10,000

$11,900 00

28,000
10,000
20,200
10,000
5,400
10,100
33,000
10,000
5,000
$531,800

Amount Invested.

Market Value.

40,600
7,500
19,190
12,200
7,020
12,827
39,600
16,800
5,000

$10,000 00

00
00
00
00
00
00
00
00
00

28,000
10,000
20,200
10,000
5,400
10,100
33,000
10,000
5,000

00
00
00
00
00
00
00
00
00

$669,472 00 $531,800 00

#

Detailed Statement o f Railroad Bonds.
Par Value.

Eastern R.R. 6s,
. . .
Boston & Albany R.R. 7s,
Fitchburg R.R. 7s, .
Boston, Clinton & Fitchburg R.R.5s,
Boston & Maine R.R. 7s,

*A

Estimated

Amount Invested.

Market Value.

$40,000
25,000
5.000
6.000
9,000

$46,000
26,250
5,250
6,300
9,450

00
00
00
00
00

$85,000

$93,250 00

$40,000
25,000
5.000
6.000
9,000

00*
00
00
00
00

$85,000 00

legal investment when made.

dotal Amount of Loans with Each Specified Rate of Interest, including
Deposits in Banks on Interest.

Kate.

Amount.

$656,724 85
130,000 00
75,000 00
100,000 00

135,000
1,946,750
125,000
1,962,050

00
00
00
00

24 per cent.

3
34
3f
31
4
4|
4£


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

«
»
“
“
“

Rate.

Amount.

$ 100,000
410,000
3,232,876
357,000
621,900
2,688,089

00

4 X per cent.

00

4f

88

44

00
00
63

4|
4|
5
54
5\

10,000 00

311,600 00

“

Amount.

$605,967
42,800
319,777
38,500
35,050
30,019

Rate.

50
00
00
00
00
54

54 per cent.
5|
6
«
6|
“
64
“
7

1890.]

P U B L IC D O CU M EN T — No. 8.

49

Amount invested in real estate for banking purposes,....................................
$36,878
Estimated value of the same,.................................................................................
225.000
Assessed value of the same, .................................................................................
272.000
Net income received from same during year ending Oct. 31, 1889,
10,000
Number of loans which are of an amount not exceeding $3,000 each, 421
Aggregate amount of the s a m e , ........................................................................
743,796
Total number of loans upon real e s t a t e , ............................................. 830
Gross amount of interest or profits received or earned, as per books, during
year ending Oct. 31, 1 8 8 9 ,................................................................................
774,253
Rate and amount of each semi-annual dividend during the 1 2 per cent., 1 283,437
year ending Oct. 31, 1 8 8 9 ,...................................................... i 2 per cent., J 289,072
Times for the dividends fixed by the by-laws: second Wednesday in April
and October.
Number of accounts opened during the year ending Oct. 31, 1889,
12,489
Number of accounts closed during the year ending Oct. 31, 1889,
6,699
Total number of open accounts Oct. 31, 1889,
.
.
.
.
108,795
Expenses of the corporation for the year ending Oct. 31, 1889 (exclusive of
t a x e s ),............................................................................................................................ 45,413
Amount of deposits, not including dividends, received during the year end­
ing Oct. 31, 1889,.................................................................................................. 4,784,910
Number of same,
......................................................101,624
Amount of withdrawals, including dividends, during the year ending Oct.
31, 1889..................................................................................................................... 4,174,670
Number of s a m e , ................................................................................
69,736
Date of examination by commissioner : October 10.

68
00

00
00
36

71
93

68

16
98

31

Glassification o f Deposits received during the Year ending Oct. 3 1 ,1 8 8 9 .
Num­
ber.
O f $50 and less,
Exceeding $50, and
more than $100, .
Exceeding $100, and
more than $200, .
Exceeding $200, and
more than $500, .
Exceeding $500, and
than $1,000, .
O f $1,000 or more, .

Num­

Amount.

83,516 $1,326,639 59
not
9,723

794,705 49

4,255

692,192 58

2,993

1,039,924 98

739
398

525,725 22
405,723 12

not
not

ber.
To the credit —
O f women, both adult
and minor,
O f guardians,
O f religious, and chari­
table associations, .
In trust, .
.
.
.

less

Amount.

33,015
109

$1,797,337 93
17,720 67'

284
2,506

34,837 46
190,156 53

101,624 $4,784,910 98

Co m m o n w e a lt h (5f M assach u setts .
S u ffo lk ,

ss .,

N ov. 14, 1889.

Personally appeared Curtis C. Nichols, Treasurer of the Boston Five Cents Savings
Bank, and made oath that the foregoing statement, by him subscribed, is a true and
correct statement of all the resources and liabilities of said institution, and that the
answers made by him to the foregoing interrogatories contain the whole truth in refer­
ence to the matters to which they relate, according to his best knowledge and belief.
Before me,

G eorge B. Big e l o w , Justice o f the Peace.
S u ff o lk , ss., Nov. 14, 1889.

Personally appeared Alonzo H. Evans, President, and Dan’l W . Gooch, Walter P.
Tilton, Edward Edmunds, Jos. H. Cannell and Henry F. Coe, trustees of said corpora­
tion, and severally made oath that the annexed report is correct, according to their best
knowledge and belief.
Before me,
G eorge B. B ig e l o w , Justice o f the Peace.


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Federal Reserve Bank of St. Louis

50

B A N K CO M M ISSIO N ERS’ R E P O R T .

[Jan

BOSTON P E N N Y S A V IN G S B A N K — BOSTON.

Incorporated 1864.

Present number of corporators, 96.

G eorge W . P ope , President.

H e n r y It. R e y n o l d s , Treasurer.

H e n r y R . R e y n o l d s , Clerk

o f the Corporation.

Names of committee charged with the investment of its funds:
G eorge

W.

P ope ,

John G o l d t h w a it ,
John A. P r a y ,

John Sw e e t s e r ,
V

m.

A. R ust ,

T hos . N . H a r t ,

G eorge N o w e l l .

Open for business every business day, 9

a

.m .

to 3

p

.m .

; also Saturday evenings, 5 to 8.

B a l a n c e Sh e e t , O ctober 31,1889.

L ia b il it ie s .

A ssets.

Bank stock as per schedule,
Loans on bank stock,
Real estate (for banking pur­
poses)..........................................
Loans on real estate, .
Loans on personal security,
Deposit in bank, on interest,
Expense account,
Cash on hand, .
.
.
.

$82,580 50 | Deposits, .
Guaranty fund,
5,500 00
Interest account,
115.000 00
672,929 48
305.000 00
50,649 08
416 15
5,476 56
$1,237,551 77

$1,201,825 76
30,857 53
4,868 48

$1,237,551 77

Cash on Deposit in Bank: —
Mount Vernon National Bank, Boston,.

$50,649 08

Loans on Bank Stock, amount on each: —
On 5 shares Mechanics’ National Bank, Boston, .
On 58 shares Fourth National Bank, Boston,


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Federal Reserve Bank of St. Louis

$500 00
5,000 00

51

PU BLIC D O CU M ENT — No. 8.

1890.]

No. of

Shares.

Detailed Statement of Bank Stocks.

42
50
50
37
150
100
50
50
25
50
11
41
48

Par Value.

Atlantic Nat’l Bank, Boston, .
Atlas National Bank, Boston,.
Boston Nat’l Bank, Boston, .
N’l B’k of Commerce, Boston,.
Everett Nat’l Bank, Boston, .
N’l Hide & Leather B’k,Boston,
Howard Nat’l Bank, Boston, .
Manufacturers’ N’l B’k,Boston,
Merchants’ N’l Bank, Boston,
N’l B’k of No. America, Boston,
State National Bank, Boston,.
Tremont Nat’l Bank, Boston,.
Nat’l Webster Bank, Boston,.

$4,200
5,000
5,000
3,700
15,000
10,000
5,000
5,000
2,500
5,000
1,100
4,100
4,800
$70,400

Estimated
Market Value.

$5,985
5,912
6,100
4,773
15,450
12,100
5,500
5,256
3,618
6,112
1,358
4,663
4,812

00
50
00
00
00
00
00
25
75
50
50
75
00

$81,642 25

Amount Invested.

$6,384
6,300
6,050
4,662
15,000
11,550
6,250
5,325
3,600
5,525
1,402
5,084
5,448

00
00
00
00
00
00
00
00
00
00
50
00
00

$82,580 50

Total Amount of Loans with Each Specified Rate o f Interest, including
Deposits in Banks on Interest.

Rate.

Amount.

Rate.

2J per cent.

$515,979 48
15,400 00

o per cent.
5h

Amount.

$50,649 08
398,000 00

4h

“

Rate.

Amount.

$46,100 00
7,950 00

6 per cent.

7

Amount invested in real estate for banking purposes,....................................$115,000 00
Estimated value of the sam e,.................................................................................
100,000 00
Assessed value of the s a m e ,................................................................................
79,400 00
Net income received from same during year ending Oct. 31, 1889,
.
.
3,085 70
Number of loans which are of an amount not exceeding $3,000 each,
54
Aggregate amount of the s a m e , ........................................................................
101,029 48
Total number of loans upon real e s t a t e , ............................................. 135
Gross amount of interest or profits received or earned, as per books, during
year ending Oct. 31, 1 8 8 9 ,.................................................................................
56,625 09
Rate and amount of each semi-annual dividend during the 1 2 per cent., f
21,252 69
year ending Oct. 31, 1889, .
.
.
.
.
.
1 2 per cent., 1
21,827 97
Times fixed for the dividends by the by-laws: second Wednesday in
April and October.
Number of accounts opened during the year ending Oct. 31, 1889,
1,162
Number of accounts closed during the year ending Oct. 31, 1889,
. 980
Total number of open accounts Oct. 31, 1889,
.
.
.
.
6,789
Expenses of the corporation for the year ending Oct. 31, 1889 (exclusive of
ta x e s ),....................................................................................................................
5,357 03
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1889, .
.
.
.
.
.
.
.
.
.
.
375,569 45
Number of s a m e , ................................................................................. 8,922


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Federal Reserve Bank of St. Louis

52

B A N K CO M M ISSIO N ERS’ R E P O R T .

[Jan.

Amount of withdrawals, including dividends, during the year ending Oct.
31, 1 8 8 9 , ...........................................................................................................$329,470 92
Number of s a m e , ................................................................................ 5,440
Date of examination by commissioner: January 15.

Glassification o f Deposits received during the Year ending Oct. 3 1 ,1 8 8 9 .
Num­
ber.
O f $50 and less,
Exceeding $50, and not
more than $100, .
Exceeding $100, and not
more than $200, .
Exceeding $200, and not
more than $500, .
Exceeding $500, and less
than $1,000, .
O f $1,000 or more, .

Amount.

7,513

$101,252 58

708

58,193 37

358

55,717 03

251

86,237 66

64
28

46,168 81
28,000 00

8,922

$375,569 45

C o m m o n w e a lt h

To the credit—
O f women, both adult
and minor,
O f guardians,
O f religious and chari­
table associations, .
In trust................................

of

Num­
ber.

Amount.

2,713
17

$115,342 23
320 80

45
1,448

6,737 69
60,343 01

M assach u setts .
S u ff o lk ,

ss .,

N ov . 14, 1889.

Personally appeared Henry R. Reynolds, Treasurer of the Boston Penny Savings
Bank, and made oath that the foregoing statement, by him subscribed, is a true and
correct statement of all the resources and liabilities of said institution, and that the
answers made by him to the foregoing interrogatories contain the whole truth in refer­
ence to the matters to which they relate, according to his best knowledge and belief.
Before me,

G eorge 0 . Ca r p e n t e r , Justice o f the Peace.

Suffolk,

ss .,

N ov. 14, 1889.

Personally appeared George W . Pope, President, and J. B. Brigham, John Sweetser,
J. D. Morton, J. W . Cummings and Pliny Nickerson, trustees of said corporation, and
severally made oath that the annexed report is correct, according to their best knowl­
edge and belief.
Before me,
G eorge O. Ca r p e n t e r , Justice o f the Peace.


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Federal Reserve Bank of St. Louis

1890.]

PU B L IC D O CU M EN T — No. 8.

53

B R A IN T R E E S A V IN G S B A N K — SOUTH B R A IN T R E E .
Incorporated March 21, 1870.

Present number of corporators, 43.

B enjamin F. D yer , President.
C. H. H obart, Treasurer.
C. H. H obart, Clerk o f the Corporation.

Names of committee charged with the investment of its funds :
B. F. D yer ,
N ath ’ l H. H unt,
P. D. H olbrook.

Open for business every business day, 7 a .m . to 8 p .m .

B a l a n c e Sh e e t , O ctober 31, 1889.

A ssets.

Public funds as per schedule, .
Bank stock as per schedule,
Railroad bonds as per schedule,
Loans on real estate, .
Loans on personal security,
Deposits in banks, on interest, .
Expense account,

L ia b il it ie s .

$14,000
29,195
37,000
89,914
150
11,589
52

00
00
00
00
00
21
67

Deposits, .
Guaranty fund,
Interest account,

$173,472 26
3,442 86
4,985 76

$181,900 88

$181,900 88

Cash on Deposit in Banks, amount in each : —
Mount Vernon National Bank, Boston................................................................. $4,000 00
Shawmut National Bank, Boston,.......................................................................
7,589 21

Detailed, Statement o f Public Funds.

Par Value.

City of Manchester, N. H., 4 s ,.
Town of Brookline, Mass., 5 s,.
City of Worcester, Mass., 4^s,.
of New Bedford, Mass., 5s,
of Boston, Mass., 6s,
Town of Chatham, Mass., 4is,
City of Fall River, Mass,, 6s, .


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$2,000
3,000
2,000
3,000
2,000
1,000
1,000
$14,000

Estimated
Market Value.

$2,140
3,390
2,260
3,390
2,190
1,020
1,060

00
00
00
00
00
00
00

$15,450 00

Amount Invested.

$2,000
3,000
2,000
3,000
2,000
1,000
1,000

00
00
00
00
00
00
00

$14,000 00

B A N K CO M M ISSIO N ERS’ R E P O R T .

54

[Jan

Ko. of
Shares.

Detailed Statement o f Bank Stocks.

16
7
20
15
31
10
45
10
13
8
25
28
22
25

Par Value.

Union Market National Bank,
Watertown,.
Merchants’ N’l Bank, Boston,
Manufacturers’ N’l B’k, Boston,
State National Bank, Boston,.
Blackstone N’l Bank, Boston,
N’l B’k of No. America, Boston,
Shawmut Nat’l Bank, Boston,
N’l Hide & Leather B’k, Boston,
Merchandise N’l B’k, Boston,
Freeman’s Nat’l Bank, Boston,
Shoe & Leather N’l B’k, Boston,
Mt. Yernon N’l Bank, Boston,
Union N’l Bank, W eymouth,.
Brockton N’l Bank, Brockton,

$1,600
700
2,000
1,500
3,100
1,000
4,500
1,000
1,300
800
2,500
2,800
2,200
2,500
$27,500

Estimated
Market Value.

$2,256
1,018
2,100
1,815
3,410
1,220
5,715
1,200
903
828
2,350
3,864
2,464
2,875

00
50
00
00
00
00
00
00
50
00
00
00
00
00

$32,019 00

Amount Invested.

$1,920
700
2,000
1,500
3,100
1,000
5,175
1,000
1,300
800
2,500
3,500
2,200
2,500

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

$29,195 00

Detailed Statement o f Railroad Bonds.

Par Value.

$5,000
10,000
3.000
5.000
2.000
5.000
2.000
5,000

Newport & Richford R.R. 5s, .
Old Colony R.R. 4s,
. . .
Fitchburg R.R. 5s, .
Conn. & Passumpsic Rivers R.R. 7s,
Fitchburg R.R. 4|s, .
.
.
.
Vermont & Massachusetts R.R. 5s,.
Boston & Maine R.R. 4 s,.
Portland & Ogdensburg R.R. 6s, .

$37,000

Estimated
Market Value.

$5,250
10,900
3,190
5,500
2,000
5,550
2,150
5,900

00
00
00
00
00
00
00
00

$40,440 00

Amount Invested.

$5,000
10,000
3.000
5.000
2.000
5.000
2.000
5,000

00
00
00
00
00
00
00
CO

$37,000 00

Total Amount o f Loans with Each Specified Rate o f Interest, including
Deposits in Banks on Interest.

Amount.

$11,589 21
17,900 00

Rate.

2 per cent.
5


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Federal Reserve Bank of St. Louis

Rate.

Amount.

$2,000 00
68,264 00

per cent.
6

Amount.

$500 00
1,400 00

Rate.

6£ per cent.
7

1890.]

55

P U B L IC D O CU M EN T — No. 8.

. 79
Number of loans which are of an amount not exceeding $3,000 ea
$79,000 00
Aggregate amount of the s a m e , .....................................................
. 82
Total number of loans upon real estate..............................................
9,049 73
Amount of investments from which no income is received, .
2,919 21
cent., |
Rate and amount of each semi-annual dividend during the 1 2 j
3,133 46
cent., 1
year ending Oct. 31, 1889...........................................................J 2 j
Times for the dividends fixed by the by-laws ; January 1 and Jul
. 93
Number of accoimts opened during the year ending Oct. 31, 1889,
. 58
Number of accounts closed during the year ending Oct. 31, 1889,
. 604
Total number of open accounts Oct. 31, 1889,
.
.
.
.
Expenses of the corporation for the year ending Oct. 31, 1889 (exclusive
678 44
of taxes)..................................................................................................................
Amount of deposits, not including dividends, received during the year
42,376 80
ending Oct. 31, 1889, . ' ................................................................................
Number of s a m e , .........................................................................................628
Amount of withdrawals, including dividends, during the year ending Oct.
30,134 36
31, 1 8 8 9 , ..........................................................................................................
Number of s a m e , .........................................................................................323
Date of examination by commissioner: August 30.

Classification o f Deposits received during the Year ending Oct. 3 1 ,1 8 8 9 .
Num­
ber.
O f $50 and»less,
Exceeding $50, and
more than $100, .
Exceeding $100, and
more than $200, .
Exceeding $200, and
more than $500, .
Exceeding $500, and
than $1,000, .
O f $1,000 or more, .

467

Num­

Amount.

ber.
To the credit —
O f women, both adult
and minor,
Of religious and chari­
table associations, .
In trust................................

$10,249 66

not
95

8,074 86

27

4,293 00

not
not
26

8,803 46

7
6

4,955 82
6,000 00

628

$42,376 80

Amount.

179

$12,334 93

6
38

2,913 82
3,629 60

less

Co m m o n w e a lt h

of

M assachusetts .
N orfolk ,

ss .,

N ov . 9, 1889.

Personally appeared C. H. Hobart, Treasurer of the Braintree Savings Bank, and
made oath that the foregoing statement, by him subscribed, is a true and correct state­
ment of all the resources and liabilities of said institution, and that the answers made by
him to the foregoing interrogatories contain the whole truth in reference to the matters
to which they relate, according to his best knowledge and belief.
Before me,

C h a s . C. M e l l e n , Justice o f the Peace.

N o rfolk ,

ss .,

N ov . 9, 1889.

Personally appeared Benj. F. Dyer, President, and N. H. Hunt, P. D. Holbrook, Jas.
T. Stevens, Francis A. Hobart and Geo. D. Willis, trustees of said corporation, and
severally made oath that the annexed report is correct, according to their best knowledge
and belief.
Before me,
C h a s . C. M e l l e n , Justice o f the Peace.


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Federal Reserve Bank of St. Louis

56

B A N K CO M M ISSIO N ERS’ R E PO R T.

[Jan

B R ID G E W A T E R S A V IN G S B A N K — B R ID G E W A T E R .

Incorporated March 19, 1872.

Present number of corporators, 19.

S pen cer L eo n ar d , President.

S a m u e l P. G a te s , Treasurer.

G eo . M . H ooper , Clerk o f the Corporation.

Names of committee charged with the investment of its funds:
L afa ye t te K e it h ,

H osea K in g m a n ,

Jam es C. L e a c h ,

C h a s . H . P r a tt ,

Sa m ’ l P. G a te s .

Open for business every business day, 7.30

a .m .

to 12.30 p . m . ; 1.30 to 6

p .m .

B a l a n c e Sh e e t , O ctober 31, 1889.

A ssets.

Public funds as per schedule, .
Loan on public funds,
Bank stock as per schedule,
Loan on bank stock, .
Railroad bonds as per schedule,
Real estate (for banking pur­
poses),
...................................
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
( n o t e s ) ,...................................
Loans on depositors’ books,
Deposit in bank, not on interest,
Expense account,
Cash on hand, .
.
.
.

L ia b il it ie s .

$11,000
15.000
55,843
275
49.000

00
00
75
00
00

5,450 00
192,616 00
48,453 45
3,500
750
46
102
14,770

Deposits, .
Guaranty fund,
Interest account,
Profit and loss ac­
count, .
Suspense account, .

$379,853 77
14,150 00
2,380 87
366 27
56 00

00
00
11
10
50

$396,806 91

$396,806 91

Cash on Deposit in Bank : —
First National Bank, Boston,.............................................................. . .

.

$46 n

Loan on Public Funds : —
On $20,000 United States 4 £ s , ........................................................................ $15,000 00
Loan on Bank Stock : —
On 6 shares Plymouth National Bank, P l y m o u t h , .................................... $275 00


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

1890.]

57

PU B L IC D O CU M EN T — No. 8.
Detailed Statement of Public Funds.

Par Value.

City of Boston, Mass., 5s,
of Fall River, Mass., 6s, .

Estimated
Market Value.

Amount Invested.

$5,000
6,000

$6,025 00
7,740 00

$5,000 00
6,000 00

$11,000

$13,765 00

$11,000 00

JSo. of

Shares.

Detailed Statement o f Bank Stocks.

70
34
10
25
20
10
20
10
20
30
6
30
20
24
30
10
13
25
36
30
22

Par Value.

Blackstone N’1 Bank, Boston,
Boylston Nat’l Bank, Boston,
Faneuil Hall N’1 B’k, Boston,
Fourth Nat’l Bank, Boston, .
Freeman’s N’I Bank, Boston,
Globe National Bank, Boston,
Howard Nat’l Bank, Boston, .
Merchants’ N’1 Bank, Boston,
National Eagle Bank, Boston,
N’1B’k of Rédemption, Boston,
Nat’l Security Bank, Boston,.
North National Bank, Boston,
Nat’l Rockland Bank, Boston,
Shawmut Nat’l Bank, Boston,
State National Bank, Boston,
Washington N’1 B’k, Boston,.
Abington N’1 B’k, Abington,.
Blue Hill Nat’l Bank, Mjlton,
Bristol Co. N’1 B’k, Taunton,
Broekton N’1 Bank, Brockton,
Home Nat’l Bank, Brockton, .

$7,000
3,400
1,000
2,500
2,000
1,000
2,000
1,000
2,000
3,000
600
3,000
2,000
2,400
3,000
1,000
1,300
2,500
3,600
3,000
2,200
$49,500

Estimated
Market Value.

$7,892
4,692
1,440
2,943
2,075
985
2,200
1,445
2,060
4,035
1,071
4,170
3,020
3,120
3,630
1,255
1,625
2,593
5,200
3,450
2,860

50
00
00
75
00
00
00
00
00
00
00
00
00
00
00
00
00
75
00
00
00

$61,763 00

Amount Invested.

$7,000
4,126
1,000
2,500
2,000
1,000
2,000
1,000
2,000
3,000
600
4,320
2,770
2,400
4,020
1,000
1,300
2,500
6,107
3,000
2,200

00
75
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

$55,843 75

Detailed Statement o f Railroad Bonds.
Estimated
Market Value.

Boston & Maine R.R. 7 s,.
Boston, Revere Beach & Lynn R.R. 6s,
Old Colony R.R. 6 s,.
Fitchburg R.R. 6s, .
Fitchburg R.R. 4s, .
Old Colony R.R. 4*8,
Boston & Albany R.R. 7s,
Old Colony R.R. 4s,
. . .
Portland & Ogdensburg R.R. 6s,
Fitchburg R.R 5s, .


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$1,000
3,000
5,000
5,000
5,000
5,000
5,000
10,000
5,000
5,000
$49,000

$1,120
3,405
5,775
5,550
4,800
5,450
5,375
10,900
5,900
5,400

00
00
00
00
00
00
00
00
00
00

$53,675 00

IAmount Invested.

$1,000
3,000
5,000
5,000
5,000
5,000
5,000
10,000
5,000
5,000

00
00
00
00
00
00
00
00
00
00

$49,000 00

58

B A N K CO M M ISSIO N ERS’ R E P O R T .

[Jan.

Total Amount o f Loans with Each Specified Rate o f Interest, including
Deposits in Banks on Interest.

Amount.

$15,000 00
79,500 00

Amount.

Bate.

4£ per cent.
5
“

$5,000 00
160,169 45

Kate.

5| per cent.
6

Amount.

Bate.

$725 00
200 00

7 per cent.
8

$5,450
Amount invested in real estate for banking purposes,....................................
5,450
Estimated value of the sa m e,................................................................................
5,000
Assessed value of the s a m e , ...............................................................................
133
Net income received from same during year ending Oct. 31, 1889,
Number of loans which are of an amount not exceeding $3,000 each,. 146
141 605
Aggregate amount of the s a m e , ........................................................................
Total number of loans upon real estate,..................................................... 131
Gross amount of interest or profits received or earned, as per books, during
year ending Oct. 31, 1889, .
.
..............................................................
20,705
8,278
Rate and amount of each semi-annual dividend during the 1 2^ per cent., f
7,036
year ending Oct. 31, 1 8 8 9 , ..................................................... i 2 per cent., 1
Times for the dividends fixed by the by-laws : April 1 and October 1.
Number of accounts opened during the year ending Oct. 31, 1889,
. 204
Number of accounts closed during the year ending Oct. 31, 1889,
. 123
Total number of open accounts Oct. 31, 1889,
.
.
.
.
1,345
Expenses of the corporation for the year ending Oct. 31, 1889 (exclusive
of t a x e s ) , ..........................................................................................................
1,169
Amount of deposits, not including dividends, received during the year end­
ing Oct. 31, 1 8 8 9 ,..................................................................................................
103,765
Number of s a m e , ................................................................................ 1,202
Amount of withdrawals, including dividends, during the year ending Oct.
31, 1889.....................................................................................................................
83,534
Number of s a m e , .................................................................................1,037
Date of examination by commissioner: July 30.

00
00
00
50
45

46
61
74

57
70

41

Classification o f Deposits received during the Year ending Oct. 31,1889■
Num­
ber.
O f $50 and less,
Exceeding $50, and
more than $100, .
Exceeding $100, and
more than $200, .
Exceeding $200, and
more than $500, .
Exceeding $500, and
than $1,000, .
O f $1,000 or more, .


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Num­

Amount.

770

$16,643 17

214

18,495 99

111

17,742 44

77

27,296 17

22
8

15,587 93
8,000 00

1,202

$103,765 70

not
not
not
less

ber.
To the credit —
O f women, both adult
and minor,
O f religious and chari­
table associations, .
In trust................................

Amount.

528

$46,324 26

14
37

890 86
5,964 72

1890.]

P U B L IC DO CU M EN T — No. 8.

Com m o n w ea lth

of

59

M a s sa c h u s e t t s .
P lym outh,

ss .,

N ov . 19, 1889.

Personally appeared Samuel P. Gates, Treasurer of the Bridgewater Savings Bank,
and made oath that the foregoing statement, by him subscribed, is a true and correct
statement of all the resources and liabilities of said institution, and that the answers
made by him to the foregoing interrogatories contain the whole truth in reference to the
matters to which they relate, according to his best knowledge and belief.
Before me,

J o se p h T o o k e r , Justice o f the Peace.

P lym outh,

s s .,

N o v . 19, 1889.

Personally appeared Spencer Leonard, President, and Lafayette Keith, John H. Fair­
banks, Geo. M. Hooper, P. 0 . Clark, Isaac Damon and Hosea Kingman, trustees of
said corporation, and severally made oath that the annexed report is correct, according to
their best knowledge and belief.
Before me,
J o se p h T o o k e r , Justice o f the Peace.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

60

B A N K CO M M ISSIO N E R S’ R E P O R T .

[Jan.

BRIGHTON- F IV E CENTS S A V IN G S B A N K — (W A R D 25)
BOSTON.
Incorporated 1861.

Present number of corporators, 122.

N. W . S a n b o r n , President.

B . S . F i s k e , Treasurer.

B . S . F i s k e , Clerk o f the Corporation.

Names of committee charged with the investment of its funds :
N. W . S a n b o r n ,
Benj.

M.

W . F. W

P.

F is k e ,

arren,

M oley,

G. A. F u l l e r .

Open for business every business day, except Saturday, 9 a . m . to 12 m . ; 2 to 4 p . m . ;
Saturdays, 9 a . m . to 12 m ., and 7 to 9 p . m . for deposits only.

B a l a n c e Sh e e t , O ctober 31, 1889.

A ssets.

Bank stock as per schedule,
Railroad bonds as per schedule,
Real estate by foreclosure,.
Loans on real estate, .
Loans on personal security,
Deposit in bank, on interest,
Expense account,
Cash on hand, .
.
.
.

L ia b il it ie s .

$45,370 00

Deposits, .
Guaranty fund,
Interest account,
Profit and loss ac­
count, .
Rent account, .

20,000 00

13,862
200,580
32,000
7,044
508
489

46
00
00
52
84
42

$319,855 24

$305,570 41
7,650 00
4,878 41
1,720 97
35 45

$319,855 24

Cash on Deposit in Bank : —
National Market Bank, Brighton,........................................................................$7,044 52

No. of

Shares.

Detailed Statement o f Bank Stocks.

12
12
5
10
19
15
23

Par Value.

Blackstone N’l Bank, Boston,
Boylston Nat’l Bank, Boston,
Central Nat’l Bank, Boston, .
Columbian N’l Bank, Boston,
Everett Nat’l Bank, Boston, .
Eliot National Bank, Boston,
Freeman’s Nat’l Bank, Boston,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$1,200
1,200
500
1,000
1,900
1,500
2,300

Estimateci
Market Value.

$1,356
1,656
675
1,230
1,957
1,950
2,369

00
00
00
00
00
00
00

Amount Invested.

$1,200
1,440
500
1,100
1,900
1,650
2,300

00
00
00
00
00
00
00

1890.]

PU B L IC D O CU M EN T — No. 8.

61

of
No.

Shares.

Detailed Statement o f Bank Stocks — Concluded.

15
10
15
10
30
30
18
5
13
10
10
21
42
25
45
5
4
25

Par Value.

N’l Hide & Leather B’k, Boston,
Howard Nat’l Bank, Boston, .
Lincoln Nat’l Bank, Boston, .
Merchants’ N’l Bank, Boston,
N’l Market Bank of Brighton,
Boston,
.
.
.
.
Metropolitan N’l B’k, Boston,
Old Boston N’l Bank, Boston,
Nat’l Revere Bank, Boston, .
Shoe & Leather N’l B’k, Boston,
Suffolk Nat’l Bank, Boston, .
State National Bank, Boston,
Shawmut Nat’l Bank, Boston,
Third National Bank, Boston,
Tremont Nat’l Bank, Boston,
Nat’l Webster Bank, Boston,
First National Bank, Lynn, .
Union Market N’l B’k, Watertown, .
.
.
.
.
First N’l Bank, West Newton,

Estimated
Market Value.

Amount Invested.

$1,500
1,000
1,500
1,000

$1,875
1,100
1,800
1,450

00
00
00
00

$1,575
1,000
1,575
1,300

00
00
00
00

3,000
3,000
1,800
500
1,300
1,000
1,000
2,100
4,200
2,500
4,500
500

3,000
3,090
2,178
680
1,300
1,160
1,290
2,730
4,410
2,865
4,500
625

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

4,050
3,000
2,070
5n0
1,300
1,000
1,000
2,310
4,200
2,500
4,500
500

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

400
2,500

600 00
2,500 00

400 00
2,500 00

$42,900

$48,346 00

$45,370 00

Detailed Statement o f Railroad Bonds.

Par Value.

New York, Prov. & Boston R.R. 7s,
Maine Central R.R. 7s, .
Fitchburg R.R. 7s, .
Fitchburg R.R. 5s, .

$3,000
4,000
5,000
8,000
$20,000

Estimated
Market Value.

$3,720
4,920
5,550
8,640

00
00
00
00

$22,830 00

Amount Invested.

$3,000
4,000
5,000
8,000

00
00
00 ’
00

$20,000 00

Total Amount o f Loans with Each Specified Rate o f Interest, including
Deposits in Banks on Interest.

Rate.

Amount.

Rate.

24 per cent.

$202,580 00
13,500 00

6 per cent.

Amount.

$7,044 52
13,200 00

54


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

“

64

“

Amount.

$3,200 00
100 00

Rate.

7 per cent.
8

“

62

B A N K C O M M IS S IO N E D

R E PO R T.

[Jan.

Value, by books, of real estate, held by foreclosure or otherwise,
$13,862 46
Assessed value of the s a m e , ...............................................................................
14,800 00
Net income received from same during year ending Oct. 31, 1889,
264 34
Number of loans which are of an amount not exceeding $3,000 each, . 87
Aggregate amount of the s a m e , .......................................................................
127,380 00
Total number of loans upon real e s t a t e , ............................................ 100
Gross amount of interest or profits received or earned, as per books, during
year ending Oct. 31, 1 8 8 9 , ...............................................................................
16,873 83
Rate and amount of each semi-annual dividend during the 1 2 per cent., f
5,096 25
• year ending Oct. 31, 1 8 8 9 , ..................................................... 1 2 per cent., 1
5,352 82
Times for the dividends fixed by the by-laws: first Saturday in January
and July.
Number of accounts opened during the year ending Oct. 31, 1889,
. 421
Number of accounts closed during the year ending Oct. 31, 1889,
. 316
Total number of open accounts Oct. 31, 1889,
.
.
.
.
1,406
Expenses of the corporation for the year ending Oct. 31, 1889 (exclusive
of t a x e s ) , ..........................................................................................................
1,702 01
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 8 8 9 , ........................................................................................
102,585 57
Number of s a m e , ................................................................................2,298
Amount of withdrawals, including dividends, during the year ending Oct.
31, 1889.....................................................................................................................
88,363 94
......................................................1,241
Number of same,
.
.
.
Date of examination by commissioner: May 23.

Classification o f Deposits received during the Year ending Oct. 3 1 ,1 8 8 9 .

O f $50 and less,
Exceeding $50, and not
more than $100, .
Exceeding $100, and not
more than $200, .
Exceeding $200, and not
more than $500, .
Exceeding $500, and less
than $1,000, .
O f $1,000 or more, .

Num­
ber.

Amount.

1,944

$29,970 86

181

15,275 31

93

14,600 29

55

20,711 64

10
15

7,027 47
15,000 00

2,298

$102,585 57

Co m m o n w ealth

Num­
ber.
To the credit —
O f women, both adult
and minor,
O f religious and char­
itable associations, .
In trust................................

of

Amount.

1,014

$37,125 22

73
82

3,856 32
9,205 29

M assa ch u setts.
Su ffolk,

ss .,

Nov. 4, 1889.

Personally appeared Bela S. Fiske, Treasurer of the Brighton Five Cents Savings
Bank, and made oath that the foregoing statement, by him subscribed, is a true and cor­
rect statement of all the resources and liabilities of said institution, and that the answers
made by him to the foregoing interrogatories contain the whole truth in reference to the
matters to which they relate, according to his best knowledge and belief.
Before me,

H e n r y P. K e n n e d y , Justice o f the Peace.
Suffo lk ,

ss .,

N ov . 4, 1889.

Personally appeared N. Warren Sanborn, President, and Benj. M. Fiske, F. G. Newhall, W . F. Warren, P. Moley, J. S. Duncklee and B. S. Fiske, trustees of said corpora­
tion, and severally made oath that the annexed report is correct, according to their best
knowledge and belief.
Before me,
H e n r y P. K e n n e d y , Justice o f the Peace.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

P U B L IC DO CU M EN T — No. 8.

1890.]

63

BR ISTOL CO U N TY S A V IN G S B A N K — T A U N T O N .

Incorporated 1846.

Present number of corporators, 108.

J o s e p h E. W i l b a r , President.

A l f r e d C. P l a c e , Treasurer.

A l f r e d C. P l a c e , Clerk o f the Corporation.

Names of committee charged with the investment of its funds:
Jo s e p h E . W i l b a r ,

W i . H . Fox,

S il a s D . P r e s b r e y ,

Z acheus Sh er m a n ,

E zra D avol.

Open for business every business day, except Saturday, 9
9 a . m . to 4 p . m .

a .m

. to 1 p . m . ; Saturday,

B a l a n c e S h e e t , O ctober 31, 1889.

A ssets.

L ia b il it ie s .

Public funds as per schedule, .
Loan on public funds,
Bank stock as per schedule,
Loans on bank stock,
Railroad bonds as per schedule,
Loan on railroad stocks, .
Railroad notes, .
.
.
.
Real estate (for banking pur­
poses), ....................................
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
(n o t e s ) ,....................................
Loans on depositors’ books,
Deposits in banks, on interest, .
Expense account,
Cash on hand, .
.
.
.

$631,000 00
1,000 00

349,900
1,700
370,000
500
25.000

00
00
00
00
00

Deposits, .
Guaranty fund,
Interest account,
Profit and loss ac­
count,

$3,484,000 62
125,000 00
20,027 87
6,699 03

25.000 00
1,161,370 00
931,075 00
100,000 00

4,830
30.574
'647
3,130

00
95
18
39

$3,635,727 52

$3,635,727 52

Cash on Deposit in Banks, amount in each: —
Bristol County National Bank, Taunton,
Maverick National Bank, Boston, .
National Bank of Redemption, Boston, .

$15,481 73
10,355 23
4,737 99

Loan on Public Funds : —
On $1,000 United States 4^s, .


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

.

.

.

$ 1,000 00

64

B A N K CO M M ISSIO N E R S’ R E P O R T

[Jan..

Loans on Bank Stock, amount on each : —
On 4 shares Taunton National Bank, Taunton, .
On 5 shares Merchants’ National Bank, New Bedford,
On 5 shares First National Bank, New Bedford, .
On 3 shares National Bank of Commerce, New Bedford,
On 2 shares Mechanics’ National Bank, New Bedford,

$200 00

¡>

1,500 00

J

Loan on Railroad Stock : —
On 5 shares Boston & Albany Railroad,

$500 00

Detailed Statement o f Public Funds.
Estimated

Par Value.

City of Boston, Mass., 5s and 6s,
of Brockton, Mass., 4s and 5 s,.
of Columbus, Ohio, 4s, .
of Cleveland, Ohio, 4s, .
of Cambridge, Mass., 6 s,.
of Dayton, Ohio, 4s,
of Dover, N. H., 5 s ,.
of East Saginaw, Mich., 5s,
of Fall River, Mass., 5s and 6s,
of Gloucester, Mass., 4s, .
of Lowell, Mass., 6s,
of Lynn, Mass., 4s, .
of Newport, R. I., 4s,
of New London, Conn , 4s,
of NewBedford,Mass.,3^s&5s,
of Pawtucket, R. I., 4s, .
of Providence, R I , 5s, .
of Portsmouth, N. H., 4s & 6s,
of Springfield, Ohio, 4|s,
of Springfield, Mass., 6s & 7 s ,.
of Somerville, Mass., 4s, .
of Taunton, Mass., 4s,
of Worcester, Mass , 3^s,
Town of Rockland, Mass., 4 s,.

Market Value.

$10,000
50,000
50,000
50,000
10,000
20,000
10,000
40,000
10,000
25,000
10,000
20,000
10,000
30,000
30,000
20,000
50,000
10,000
20,000
6,000
20,000
100,000
10,000
20,000
$631,000

$10,700 00
50,000 00
50,000 00
50,000 00
10,100 00
20,000 00
10,600 00
40,000 00
10,400 00
25,000 00
10,100 00
20,000 00
10,000 00
30,000 00
30,900 00
20,000 00
53,500 00
10,300 00
20,000 00
6,500 00
20,000 00
100,000 00
10,000 00
20,000 00

Amount Invested.

$10,000
50,000
50,000
50,000
10,000
20,000
10,000
40,000
10,000
25,000
10,000
20,000
10,000
30,000
30,000
20,000
50,000
10,000
20,000
6,000
20,000
100,000
10,000
20,000

00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00*
00
00
00
00
00
00

$638,100 00 $631,000 00

* A legal investment when made.

No. of

Shares.

Detailed Statement o f Bank Stocks.

85
150
118
50
100

Par Value.

Bristol Co. Nat’l B’k, Taunton,
Machinists’ N’l B’k, Taunton, .
Taunton Nat’l Bank, Taunton,
First National Bank, Chelsea,
Third Nat’l Bank, Springfield,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$8,500
15,000
11,800
5,000
10,000

Estimated
Market Value.

$12,000
22,500
16,800
6,200
18,000

00
00
00
00
00

Amount Invested.

$11,500
21,000
15,800
5,000
17,000

00
00
00
00
00

1890.]

65

PU B L IC DO CU M EN T — No. 8.

No. of |
Shares.

Detailed Statement o f Bank Stocks — Concluded.

100
100
100
50
50
100
25
35
100
50
100
100
100
150
50
100
100
50
100
100
100
100
50
100
100
67
50
100
100
50
19

Par Value.

Atlantic Nat’l Bank, Boston, .
Atlas National Bank, Boston,.
Boston Nat’l Bank, Boston,
Boylston Nat’l Bank, Boston, .
Columbian N ’l Bank, Boston,.
Everett Nat’l Bank, Boston, .
Eliot National Bank, Boston, .
Faneuil Hall N’l Bank, Boston,
First National Bank, Boston, .
Freeman’s Nat’l Bank, Boston,
Hamilton Nat’l Bank, Boston,.
Howard Nat’l Bank, Boston, .
Metropolitan N’l Bank, Boston,
Merchants’ N’l Bank, Boston, .
Mt.Vernon Nat’l Bank, Boston,
N’l B‘k of the Republic, Boston,
N’l B’k of Commerce, Boston,
N’l B’k of No. America, Boston,
N’l B’k of Redemption, Boston,
Nat’l Exchange Bank, Boston,
National Eagle Bank, Boston,
N’ l Hide&Leather B’k, Boston,
Nat’ l Rockland Bank, Boston,
National Union Bank, Boston,
North National Bank, Boston,
People’s Nat’l Bank, Boston, .
Shawmut Nat’l Bank, Boston,.
State National Bank, Boston, .
Second Nat’l Bank, Boston,
Tremont Nat’l Bank, Boston, .
Washington N’l Bank, Boston,

$10,000
10,000
10,000
5,000
5,000
10,000
2,500
3,500
10,000
5,000
10,000
10,000
10,000
15,000
5,000
10,000
10,000
5,000
10,000
10,000
10,000
10,000
5,000
10,000
10,000
6,700
5,000
10,000
10,000
5,000
1,900
$299,900

Estimated
Market Value.

$13,800
11,800
12,000
6,700
6,000
10,000
8,200
4,800
22,500
5,000
12,300
10,500
10,300
21,000
6,700
15,500
12,500
5,600
13,000
12,700
10,200
12,000
7,500
14,000
13,500
10,600
6,400
12,000
16,500
5,500
2,300

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

Amount Invested.

$10,000
10,000
10,000
5,000
5,000
10,000
2,500
3,500
20,000
5,000
10,000
10,000
10,000
20,000
5,000
14,000
10,000
5,000
10,000
10,000
10,000
10,000
5,000
13,000
10,000
9,700
5,000
10,000
15,000
5,000
1,900

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

$401,900 00 $349,900 00

__________
Detailed Statement o f Railroad Bonds.

Par Value.

Boston, Clinton, Fitchburg & New
Bedford R.R. 5s, .
Boston & Providence R.R 4s,.
Boston & Lowell R.R. 4s,
Boston & Albany R R. 6s,
Boston & Maine R.R. 4 s ,.
Boston,Revere Beach&Lvnn R.R.6s,
Fitchburg R.R. 5s, .
Old Colony R.R. 4s, 6s & 7s, .
Vermont & Massachusetts R.R. 5 s ,.
Wor., Nash. & Roch. R.R. 4s & 4*s,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$50,000
50,000
50,000
10,000
50,000
15,000
40,000
50,000
20,000
35,000
$370,000

Estimated
Market Value.

$51,500
50,000
50,000
10,500
50,000
15,300
40,000
50,000
20,400
35,000

00
00
00
00
00
00
00
00
00
00

$372,700 00

Amount Invested.

$50,000
50,000
50,000
10,000
50,000
15,000
40,000
50,000
20,000
35,000

00
00
00
00
00
00
00
00
00
00

$370,000 00

B A N K CO M M ISSIO N ERS’ R E P O R T .

66

[Jan.

Total Amount o f Loans with Each Specified Rate o f Interest, including
Deposits in Banks on Interest.

$30,574
80,000
154,000
30.000
25.000

95
00

00
00
00

Rate.

Amount.

Rate.

Amount.

2^ per cent.
3è
“
4
“
4-JL “
i r
“

$85,000
25.000
296,850
53.000

00
00
00
00

4,} per cent.
43
“
4è
“
4§
“

Rate.

Amount.

$330,975
60,800
100,350
984,500

00
00

00
00

5 per cent.
5i
“
5*
“
6
“

$25,000 00
Amount invested in real estate for banking purposes,...................................
30,000 00
Estimated value of the s a m e ,...............................................................................
29,700 00
Assessed value of the s a m e , ................................................................................
530 00
Net income received from same during year ending Oct. 31, 1889,
Number of loans which are of an amount not exceeding $3,000 each, . 894
754,145 00
Aggregate amount of the s a m e , .......................................................................
Total number of loans upon real estate,.....................................................891
Gross amount of interest or profits received or earned, as per books, during
177,831 44
year ending Oct. 31, 1 8 8 9 , ...............................................................................
65,111 86
Rate and amount of each semi-annual dividend during the 1 2 per cent., j
66,582 07
year ending Oct. 31, 1 8 8 9 , ............................................ A 2 per cent., 1
Times for the dividends fixed by the by-laws : April 1 and October 1.
Number of accounts opened during the year ending Oct. 31, 1889.
1,277
Number of accounts closed during the year ending Oct. 31, 1889,
. 970
Total number of open accounts Oct. 31, 1889,
.
.
.
.
9,507
Expenses of the corporation for the year ending Oct. 31, 1889 (exclusive of
7,634 60
t a x e s ) ,..................................................................................................................
Amount of deposits, not including dividends, received during the year end­
593,306 76
ing Oct 31, 1 8 8 9 ,...............................................................................
Number of s a m e , ............................................................................... 7,567
Amount of withdrawals, including dividends, during the year ending Oct.
589,032 94
31, 1889,..................................................................................................................
Number of s a m e , ................................................................................6,093
Date of examination by commissioner: July 9.

Classification o f Deposits received during the Year ending Oct. 3 1 ,1 8 8 9 .
Num­
ber.
O f $50 and less,
Exceeding $50, and
more than $100, .
Exceeding $100, and
more than $200,
Exceeding $200, and
more than $500, .
Exceeding $500, and
than $1,000, .
.
O f $1,000 or more, .


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Num­
Amount.

5,437

$112,498 78

1,038

87,225 07

497

77,538 70

383

130,563 62

123
89

86,613 60
98,866 99

7,567

$593,306 76

not
not
not
less

ber.
To the credit —
O f women, both adult
and minor,
O f guardians,
O f religious and char­
itable associations, .
In trust................................

Amount.

3,393
22

$223,835 03
5,268 83

118
540

24,224 48
83,382 35

1890.]

P U B L IC D O CU M EN T — No. 8.

Com m onw ealth
B r is t o l ,

of

67

M a s sa c h u s e t t s .
T a u n t o n , N ov . 1, 1889.

ss .

Personally appeared Alfred C. Place, Treasurer of the Bristol County Savings Bank,
and made oath that the foregoing statement, by him subscribed, is a true and correct
statement of all the resources and liabilities of said institution, and that the answers
made by him to the foregoing interrogatories contain the whole truth in reference to the
matters to which they relate, according to his best knowledge and belief.
Before me,
B r is t o l ,

ss .

F r e d e r ic k S. H a l l , Justice o f the Peace.

T a u n t o n , N ov . 1, 1889.

Personally appeared Joseph E. Wilbar, President, and Wm. H. Fox, Silas D. Presbrey,
Ezra Davol, Everett D. Godfrey, Francis L. Morse and Philander Williams, trustees of
said corporation, and severally made oath that the annexed report is correct, according
to their best knowledge and belief.
Before me,
F r e d e r i c k S. H a l l , Justice o f the Peace.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

68

BANK

[Jan.

CO M M ISSIO N ERS’ R E PO R T.

B R O A D W A Y S A V IN G S B A N K — L A W R E N C E .
Incorporated 1872.

Present number of corporators, 25.

J o h n F a l l o n , President.

G i l b e r t E . H oo d , Treasurer.

G . E . H o o d , Clerk o f the Corporation.

Names of committee charged with the investment of its funds:
Jo h n F a l l o n ,
A.

W.

T h o s . S cott ,

Stearns,

M o r r is K n o w l e s ,

W m . P. C l a r k .

Open for business every business day, 9

a .m

. to 1 p . m ., except Saturday.

B a l a n c e Sh e e t , O ctober 31, 1889.

A ssets.

Public funds as per schedule, .
Bank stock as per schedule,
Loan on bank stock, .
Railroad bonds as per schedule,
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Loans on depositors’ books,
Deposit in bank, on interest,
Deposit in bank, not on interes t ,.
Cash onhand,
.
.
.
.

L ia b il it ie s .

$99,000 00
134,100 00
2,000 00
160,000 00

12,230
285,650
270,510
450
25,100
5,000
1,053

00
00
00
00
39
00
74

Deposits, .
Guaranty fund,
Interest account,
Premium account, .
Balance of Smith
Fund, .

$995,094 13

$901,031
27,600
8,726
34,380

72
00

61
OO

23,355 80

$995,094 13

Cash on Deposit in Bank: —
Lawrence National Bank, L a w r e n c e ,............................................................... $30,100 39
Loan on Bank Stock: —
On 20 shares Lawrence National Bank, L a w r e n c e ,.................................... $2,000 00

Detailed Statement o f Public Funds.
Estimated
Market Value.

Amount Invested.

$24,000
75,000

$25,200 00
78,000 00

$24,000 00
75,000 00

$99,000

$103,200 00

$99,000 00

Par Value.

City of Peoria, 111 , 4^s, .
Town of East Providence, R. I., 4s,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

1890.]

69

PU B L IC DO CU M EN T — No. 8.

No. of

Shares.

Detailed Statement o f Bank Stocks.

61
44
100
50
50
50
33
50
15
50
140
50
50
50
50
76
100
100
169
50

Par Value.

Bay State N’l B’k, Lawrence,
National City Bank, Boston, .
N’l B’k of Commerce, Boston,
National Eagle Bank, Boston,
Eliot National Bank, Boston,.
Everett Nat’l Bank, Boston, .
Globe National Bank, Boston,
Hamilton Nat’l Bank, Boston,
N’l Hide & Leather B’k, Boston,
Howard Nat’l Bank, Boston, .
Lawrence N’l B’k, Lawrence,
Manufacturers’ N’l B’k, Boston,
Market Nat’l Bank, Boston, .
N’l B’k of No. America, Boston,
State National Bank, Boston,.
Shawmut Nat’l Bank, Boston,
Shoe & Leather N’l B’k, Boston,
Suffolk Nat’l Bank, Boston, .
Tremont Nat’l Bank, Boston,
Nat’l Webster Bank, Boston,.

$4,800
4,400
10,000
5,000
5,000
5,000
3,300
5,000
1,500
5,000
14,000
5,000
5,000
5,000
5,000
7,600
10,000
10,000
16,900
5,000

Estimated
Market Value.

$8,960
4,180
12,800
5,150
6,500
5,100
3,250
6,100
1,800
5,500
17,500
5,250
4,990
6,100
6,050
9,652
9,400
11,500
19,181
5,000

00
00
00
00
00
00
50
00
00
00
00
00
00
00
00
00
00
00
50
00

$132,500 $153,964 00

Amount Invested.

$6,400
4,400
10,000
5,000
5,000
5,000
3,300
5,000
1,500
5,000
14,000
5,000
5,000
5,000
5,000
7,600
10,000
10,000
16,900
5,000

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

$134,100 00

Detailed Statement o f Railroad'Bonds.

Par Value.

Fitchburg R.R. 5s, .
Boston & Lowell R.R. 4s,
Boston & Maine R.R. 4 s,.
Boston & Providence R.R. 4 s,.

$50,000
50.000
10.000
50,000
$160,000

Estimated
Market Value.

$52,500
52.000
11.000
54,000

00
00
00
00

$169,500 00

Amount Invested.

$50,000
50.000
10.000
50,000

00
00
00
00

$160,000 00

Total Amount o f Loans with Each Specified Rate o f Interest, including
Deposits in Banks on Interest.
Amount.

$2-5,100
25,000
50.000
50.000

Kate.

39
00
00
00

per cent.
“
“
4
“
44
4£


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Amount.

$50,000 00
148,200 00
30,550 00
10,000 00

Rate.

Amount.

Kate.

4| per cent.
5
5è
«
5|

$185,105 00
2,875 00
6,880 00

6 per cent.
6è
“
7

70

B A N K COM M ISSIO N ERS’ R E P O R T . .

[Jan.

$12,230 00
Value, by books, of real estate, held by foreclosure or otherwise,
13,000 00
Assessed value of the s a m e ,.................................................................................
565 04
Net income received from same during year ending Oct. 31, 1889,
Number of loans which are of an amount not exceeding $3,000 each, . 205
203,710 00
Aggregate amount of the same,
........................................................................
Total number of loans upon real estate,...................................................... 204
230 00
Amount of investments from which no income is received, .
.
.
.
Gross amount of interest or profits received or earned, as per books, during
46,052 10
year ending Oct. 31, 1889......................................................................................
Rate and amount of each semi-annual dividend during the 1 2 per cent., f
15,867 26
19,332 42
year ending Oct. 31, 1889............................................................1 2J per cent., I
Times for the dividends fixed by the by-laws: third Wednesday in April
and October.
Number of accounts opened during the year ending Oct. 31, 1889,
. 483
Number of accounts closed during the year ending Oct. 31, 1889,
. 312
Total number of open accounts Oct. 31, 1889,
.
.
.
.
2,400
Expenses of the corporation for the year ending Oct. 31, 1889 (exclusive of
2,904 25
t a x e s ) ,..................................................................................................................
Amount of deposits, not including dividends, received during the year end­
218,012 34
ing Oct. 31, 1 8 8 9 ,.................................................................................................
Number of s a m e , ............................................................................... 2,359
Amount of withdrawals, including dividends, during the year ending Oct.
177,478 85
31, 1889.....................................................................................................................
Number of s a m e , ............................................................................... 1,632
Date of examination by commissioner: March 29.

Classification o f Deposits received during the Year ending Oct. 3 1 , 18 8 9 .

O f $50 and less,
Exceeding $50, and
more than $100, .
Exceeding $100, and
more than $200, .
Exceeding $200, and
more than $500, .
Exceeding $500, and
than $1,000, .
O f $1,000 or more, .

Num­
ber.

Amount.

1,606

$30,682 69

341

28,876 86

170

26,931 08

159

60,316 53

46
37

33,564 70
37,640 48

2,359

$218,012 34

Amount.

ber.
To the credit —
O f women, both adult
and minor,
Of guardians,
O f religious and chari­
table associations, .
In trust, .
.
.
.

not
not
not

894
9

$92,059 69
6,025 00

11
49

1,918 10
9,765 72

less

Com

E ssex,

Num­

m on w ealth

of

M

assach u setts.

L awrence , N ov. 7, 1889.

ss.

Personally appeared Gilbert E. Hood, Treasurer of the Broadway Savings Bank, and
made oath that the foregoing statement, by him subscribed, is a true and correct state­
ment of all the resources and liabilities of said institution, and that the answers made by
him to the foregoing interrogatories contain the whole truth in reference to the matters
to which they relate, according to his best knowledge and belief.
Before me,
E

ssex

,

ss.

H. L.

Sh

erm an

L

,

Justice o f the Peace.

aw ren ce

, N

ov.

7, 1889.

Personally appeared John Fallon, President, and A. W . Stearns, Morris Knowles,.
C. C. Closson, Daniel Hardy, Wm. P. Clark, trustees of said corporation, and severally
made oath that the annexed report is correct, according to their best knowledge and
belief.
H . L . S h e r m a n , Justice o f the Peace.
Before me,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

71

P U B L IC D O CU M EN T — No. 8

1890.]

BROCKTON S A V IN G S B A N K — BROCKTON.
Incorporated 1881.
John

J.

W

h ip p l e

,

Present number of corporators, 45.

President.
W

m

. W . C ross,

C. It. F i l l e b r o w n , Treasurer.
Clerk o f the Corporation.

Names of committee charged with the investment of its funds:
D

a v is

S.

Pack

Bradford

ard

,

E.

Jon es,

G

ardner

John J. W

J. K

E. H.

R

in g m a n

.

Open for business every business day, 9

h ip p l e

,

eyn o lds,

a .m

.

to 2

p .m

.

B alance Sheet , October 31* 1889.

L ia b il it ie s .

A ssets.

$79,080
13,800
137,180
592,560

Public funds as per schedule, .
Bank stock as per schedule,
Railroad bonds as per schedule,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
( n o t e s ) ,....................................
Deposit in bank, on interest,
Deposit in bank, not on interest,
Expense account,
Cash on hand, .
.
.
.

00
00
00

88
171,162 00

13,000
6,064
1.572
142
1.572

00
48
94
09
42

Deposits, .
Guaranty fund,
Interest account,
Profit and loss account, .
Unsettled mortgage
loans,

$986,365 46
20,300 00
813 65
1,605 70
7,050 00

$1,016,134 81

$1,016,134 81

Cash on Depositen Banks, amount in each : —
Maverick National Bank, Boston, . • .............................................................. $6,064 48
Brockton National Bank, B r o c k t o n ,...............................................................
1,572 94

Detailed Statement o f Public Funds.

P a r V a lu e,

City of Brockton, Mass., 4s,
District of Columbia 6s, .
District of Columbia 7s, .
City of Cleveland, Ohio, 6s,
of Cleveland, Ohio, 7s,
of Columbus, Ohio, 6s,
of Biddeford, Me., 4s,
of Brockton, Mass., 5s,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

.
.
.

E stim ated
M a rk et V alue.

$38,000
7.000
3.000
4.000
5.000
15,000
1.000
5,700

$40,250
8,820
3,975
4,600
5,650
15,375
1,040
6,384

00
00
00
00
00
00
00
00

$78,700

$86,094 00

A m ou n t In v ested.

$38,000
7,140
3,060
4,080
5,100
15,000
1,000
5,700

00
00
00
00
00
00
00
00

$79,080 00

72

B A N K COM M ISSIO N ERS’ R E PO R T.

[Jan.

No. of
Shares.

Detailed Statement o f Bank Stocks.

10
10
10
10
28
50
20

Par Value.

Manufacturers’ N’l B’k,Boston,
N’l B’k of No. America, Boston,
Nat’l Webster Bank, Boston,
Shawmut Nat’l Bank, Boston,
Tremont Nat’l Bank, Boston,
Brockton Nat’l Bank, Brockton,
Home Nat’l Bank, Brockton,

$1,000
1,000
1,000
1,000
2,800
5,000
2,000
$13,800

Estimated
Market Value.

$1,050
1,220
1,000
1,270
3,178
5,750
2,600

00
00
00
00
00
00
00

$16,068 00

Amount Invested.

$1,000
1,000
1,000
1,000
2,800
5,000
2,000

00
00
00
00
00
00
00

$13,800 00

Detailed Statement o f Railroad Bonds.

Par Value.

Boston, Revere Beach & Lynn R.R. 6s,
Boston & Lowell R.R. 5s,
Boston & Lowell R.R. 6s,
Boston & Lowell R.R 7s,
Boston & Maine R.R. 7 s,.
Boston, Clinton, Fitchburg- & New
Bedford R.R. 5s, .
Boston & Albany R.R. 7s,
Conn. & Passumpsie Rivers R.R. 7s,
Fitchburg R.R. 5s, .
Newport & Richford R.R. 5s, .
Nashua & Rochester R.R. 5s, .
Nashua & Lowell R.R. 6s,
Maine Central R.R. 6s, .
Old Colony R.R. 6s,.
Old Colony R.R. 7s,.
Vermont & Massachusetts R.R. 5s,.
Worcester & Nashua R.R. 5s, .

Estimated
Market Value.

Amount Invested.

$1,000
1,000
17,000
17,000
10,000

$1,135
1,105
19,295
19,040
11,080

00
00
00
00
00

$1,000
1,000
17,340
17,340
10,000

00
00
00
00
00

1,000
4,000
11,500
26,000
6,000
4,000
2,000
3,000
8,000
10,000
9,000
5,500

1,175
4,300
12,592
27,512
6,300
4,180
2,140
3,555
9,095
11,300
9,990
5,720

00
00
50
50
00
00
00
00
00
00
00
00

1,000
4,080
11,500
26,000
6,000
4,000
2,000
3,060
8,160
10,200
9,000
5,500

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

$136,000

$149,515 00 $137,180 00

Total Amount o f Loans with Each Specified Rate o f Interest, including
Deposits in Banks on Interest.
Amount.

Rate.

$6,064 48

2J per cent.

11,000 00

4

15,000 00

41

«

20,000 00
2,000 00

4*
4|

“


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Amount.

$25,000
226,085
26,000
5,000

Kate.

00

4§ per cent.

88
00

5

5è

“

00

5f

“

Amount.

$441,237 00
2,000 00

3,250 00
150 00

Rate.

6 per cent.
6*
“
7
8

1890.]

73

P U B L IC D O CU M EN T — No. 8.

Number of loans which are of an amount not exceeding $3,000 each, . 323
$365,045 88
Aggregate amount of the s a m e , ............................................ ........
Total number of loans upon real e s t a t e , ............................................ 326
Gross amount of interest or profits received or earned, as per books, during
49,068 36
year ending Oct. 31, 1 8 8 9 , ................................................................................
15,834 92
Rate and amount of each semi-annual dividend during the ) 2 per cent., j
16,944 59
year ending Oct. 31, 1 8 8 9 ,..................................................... > % Per cent., 1
Times for the dividends fixed by the by-laws: April 15 and October 15.
Number of accounts opened during the year ending Oct. 31, 1889,
1,638
Number of accounts closed during the year ending Oct. 31, 1889,
1,079
Total number of open accounts Oct. 31, 1889,
.
.
.
.
4,991
Expenses of the corporation for the year ending Oct. 31, 1889 (exclusive
1,939 30
of t a x e s ) , ..........................................................................................................
Amount of deposits, not including dividends, received during the year
465,548 59
ending Oct. 31, 1 8 8 9 , .........................................................................................
Number of s a m e , ................................................................................7,974
Amount of withdrawals, including dividends, during the year ending Oct.
365,476 35
31, 1 8 8 9 , ..............................................................
Number of s a m e , .....................................................
Date of examination by commissioner : March 15.

Classification o f Deposits received during the Year ending Oct. 3 1 ,1 8 8 9 .
Num­
ber.
O f $50 and less,
Exceeding $50, and
more than $100, .
Exceeding $100, and
more than $200, .
Exceeding $200, and
more than $500, .
Exceeding $500, and
than $1,000, .
O f $1,000 or more, .

Num­
Amount.

6,033

$129,246 73

1,119

92,356 83

ber.
%
To the credit —
O f women, both adult
and minor,
O f guardians,
O f religious and chari­
table associations, .
In trust, .
.
.
.

not
not
430

68,719 23

291

98,001 37

80
21

55,455 43
21,769 00

7,974

$465,548 59

not
less

Com

m on w ealth

of

M

Amount.

3,011
33

$185,729 79
5,474 58

74
1,047

8,608 00
36,737 89

assach usetts.

P

lym outh

,

s s .,

N

ov.

15,1889.

Personally appeared C. R. Fillebrown, Treasurer of the Brockton Savings Bank, and
made oath that the foregoing statement, by him subscribed, is a true and correct state­
ment of all the resources and liabilities of said institution, and that the answers made
by him to the foregoing interrogatories contain the whole truth in reference to the
matters to which they relate, according to his best knowledge and belief.
Before me,

L o r in g W . P u f f e r , Justice o f the Peace.

P

lym ou th

,

ss

, Nov. 15, 1889.

Personally appeared John J. Whipple, President, and B. E. Jones, E. H. Reynolds,
L. F. Severance, C. H. Cary and W . W . Cross, trustees of said corporation, and sev­
erally made oath that the annexed report is correct, according to their best knowledge
and belief.
Before me,
L o r in g W . P u f f e r , Justice o f the Peace.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

B A N K CO M M ISSIO N ERS’ R E PO R T.

74

[Jan

BR O O K FIELD S A V IN G S B A N K — BR OO K FIELD .
Incorporated 1872.
H

enry

D. F

ares,

Present number of corporators, 28.

President.
H

H

P.

ia r m

G

erald

,

P. G

ir a m

erald

Treasurer.

,

Clerk o f the Corporation.

Names of committee charged with the investment of its funds:
H.

Y.

C

rosby

,

G
W . T

eo.

S.

Open for business every business day, 8

a .m

B a l a n c e Sh e e t , O cto b er

.

uell

to 12

,

m

.

; 1 to 6

p .m

.

31, 1889.

A ssets.

Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
( n o t e s ) ,...................................
Deposits in banks, on interest, .
Expense account,
Cash on hand, .
.
.
.

D

u fts.

L ia b il it ie s .

$400 00
41,999 12
15,435 00

Deposits, .
Guaranty fund,
Interest account,

$74,688 94
1,469 99
974 41

12,000 00
5,350 88

55 50
1,892 84
$77,133 34

$77,133 34

Cash on Deposit in Banks, amount in each : —
City National Bank, Worcester,
First National Bank, Worcester,
Mechanics’ National Bank, Worcester,
Central National Bank, Worcester, .
Boston Safe Deposit and Trust Company, Boston,

$3,140
2,195
4
7
4

01

17
00

67
03

Total Amount o f Loans with Each Specified Rate o f Interest, including
Deposits in Banks on Interest.

Rate.

Amount.

$5,350 88
8,000 00

2 per cent.
4


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

“

Amount.

R ate.

Amount.

$4,000 00
7,000 00

4J per cent.
5
“

$5,800 4)0
44,634 12

Rate.

6

per cent.

1890.]

70

P U B L IC D O CU M EN T — No. 8.

Value, by books, of real estate, held by foreclosure or otherwise,
Assessed value of the s a m e ,.................................................................................
Net income received from same during year ending Oct. 31, 1889,
Number of loans which are of an amount not exceeding $3,000 each,
95
Aggregate amount of the s a m e , ........................................................................
Total number of loans upon real e s t a t e , .............................................54
Gross amount of interest or profits received or earned, as per books, during
year ending Oct. 31, 1 8 8 9 ,.................................................................................
Rate and amount of each semi-annual dividend during the ?2 per cent., $
year ending Oct.-31, 1 8 8 9 ,......................................................’ 2 per cent., I
Times for the dividends fixed by the by-laws : January 1 and July 1.
Number of accounts opened during the year ending Oct. 31, 1889,
. 130
Number of accounts closed during the year ending Oct. 31, 1889,
. 88
Total number of open accounts Oct. 31, 1 8 8 9 , .................................... 481
Expenses of the corporation for the year ending Oct. 31, 1889 (exclusive of

00
450 00
17 50
69,434 12

2,776 11
1,256 43
1,330 08

ta x e s),....................................................................................................................
Amount of deposits, not including dividends, received during the year end­

192 36

ing Oct. 31, 1889,..................................................................................................
Number of s a m e , ......................................................................................... 590
Amount of withdrawals, including dividends, during the year ending Oct.

23,815 30

31, 1 8 8 9 , ............................................................................................................
Number of s a m e , ..........................................................................................^81
Date of examination by commissioner: January 28.

19,201 30

Classification o f Deposits received during the Year ending Oct. 3 1 ,1 8 8 9 .
Num­
ber.
O f $50 and less,
Exceeding $50, and
more than $100, .
Exceeding $100, and
more than $200, .
Exceeding $200, and
more than $500, .
Exceeding $500, and
than $1,000, .
Of $1,000 or more, .

Num­
Amount.

490

$7,849 48

60

5,228 21

22

3,627 63

16

5,517 52

1
1

592 46
1,000 00

590

$23,815 30

not
not
not
less

Co m m onw ealth

ber.
To the credit —
Of women, both adult
and minor,
O f guardians,
Of religious and chari­
table associations, .
In trust................................

of

Amount.

109
1

$6,064 73
56 84

19
4

906 69
800 00

M a s sa c h u s e t t s .
W

o r c e s t e r , ss . , N o v .

18, 1889.

Personally appeared Hiram P. Gerald, Treasurer of the Brookfield Savings Bank, and
made oath that the foregoing statement, by him subscribed, is a true and correct state­
ment of all the resources and liabilities of said institution, and that the answers made by
him to the foregoing interrogatories contain the whole truth in reference to the matteis
to which they relate, according to his best knowledge and belief.
Before me,
H e n r y E. C o t t l e , Justice o f the Peace.

W

o r c e s t e r , ss .,

N o v . 19, 1889.

Personally appeared Henry D. Pales, President, and H. V . Crosby, Geo. S. Duell, J.
W . Livermore, W. F. Hayden and Hiram P. Gerald, trustees of said corporation, and
severally made oath that the annexed report is correct, according to their best knowledge
and belief.
Before me,
H e n r y E. C o t t l e , Justice o f the Peace.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

76

B A N K CO M M ISSIO N E R S’ R E P O R T .

[Jan.

B R O O K LIN E S A V IN G S B A N K — B R O O K LIN E .
Incorporated February, 1871.

Present number of corporators, 43.

W m . H. L in c o l n , President.
V m . E. L in c o l n , Treasurer.
W m . E L in c o l n , Clerk o f the Corporation.

Names of committee charged with the investment of its funds :
C h a s . H. S t e a r n s ,
T h os . P . R i t c h i e ,
N ath ’l L y fo r d ,

B. W . N eal,
B en j. F . B a k e r ,
W m. E. L in c o l n .

Open for business Monday and Saturday, 5.15 to 8

p .m . ;

Wednesday, 3 to 5

p .m .

B alance Sheet , October 31,1889.

L ia b il it ie s .

A ssets.

Deposits, .
Guaranty fund,
Interest account,
Profit and loss account,

$39,804 00
32,646 63
20,487 50

Public funds as per schedule, .
Bank stock as per schedule,
Railroad bonds as per schedule,
Real estate (for banking pur­
poses),
...................................
Loans on real estate, .
Loans on personal security,
Deposits in banks, on interest, .
Expense account,
Cash on hand, .
.
.
.

7,231
300,000
20,000
26,623
580
731

36
00
00
04
10
82

$440,310 49
6,313 17
1,432 01
48 78

$448,104 45

$448,104 45

Cash on Deposit in Banks, amount in each : —
$11,404 47
8,695 86
6,522 71

Shawmut National Bank, Boston, .
Central National Bank, Boston,
Brookline National Bank, Brookline,

Detailed Statement of Public Funds.
Par Value.

Town of Brookline, Mass , 7s,
of Brookline, Mass., 4^s,
of Brookline, Mass., 4s,


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Federal Reserve Bank of St. Louis

Estimated
Market Value.

Amount Invested.

$4,000
10,000
25,000

$5,000 00
10,300 00
25,675 00

$4,200 00
10,550 00
25,054 00

$39,000

$40,975 00

$39,804 00

1890.]

77

P U B L IC DO CU M EN T — No. 8.

No. of

Shares.

Detailed Statement o f Bank Stocks.

75
50
30
20
50
37
12

Par Value.

$7,500
5,000
3,000
2,000
5,000
3,700
1,200

Central Xat’l Bank, Boston, .
Merchandise X ’l B’k, Boston,
Tremont Xat’l Bank, Boston,
Brookline X ’l B’k, Brookline,
Xational City Bank, Boston, .
Xational Revere Bank, Boston,
Xational Eagle Bank, Boston,

$27,400

Estimated
Market Value.

$10,125
3,475
3,405
2,200
4,750
4,588
1,236

00
00
00
00
00
00
00

$29,779 00

Amount Invested.

$11,400
5,000
3,344
2,000
5,531
4,057
1,314

00
00
13
00
25
00
25

$32,646 63

Detailed Statement o f Railroad Bonds.

Par Value.

Fitchburg R.R. 4s, .
Fitchburg R.R. 5s, .

Estimated
Market Value.

Amount Invested.

$10,000
10,000

$9.600 00
10,800 00

$10,000 00
10,487 50

$20,000

$20,400 00

$20,487 50

Total Amount of Loans with Each Specified Rate o f Interest, including
Deposits in Banks on Interest.

Amount.

$6,522 71
20,100 33
42,300 00

Rate.

Amount.

Rate.

2 per cent.
2è
“
4è
“

$208,100 00
35,400 00

5 per cent.

5i

“

Amount.

$33,950 00
250 00

Rate.

6 per cent.
7

Amount invested in real estate for banking purposes,................................... $7,231 36
Estimated value of the s a m e ,...............................................................................
7,500 00
Assessed value of the same.....................................................................................
6,100 00
Net income received from same during year ending Oct. 31, 1889,
.
.
240 00
Number of loans which are of an amount not exceeding $3,000 each, . 64
Aggregate amount of the s a m e , ......................................................................
89,200 00
Total number of loans upon real estate....................................................... 99
Gross amount of interest or profits received or earned, as per books, dur­
ing year ending Oct. 31, 1889...............................................................................
18,505 69
Rate and amount of each semi-annual dividend during ¡he ) 2 per cent., f
6,853 51
year ending Oct. 31, 1 8 8 9 , .....................................................i 2 per cent., 1
7,400 78
Times for the dividends fixed by the by-laws: second Monday in January
and July.
Number of accounts opened during the year ending Oct. 31, 1889,
. 586


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Federal Reserve Bank of St. Louis

78

B A N K CO M M ISSIO N ERS’ R E P O R T .

Number of accounts^closed during the year ending Oct. 31, 1889,
. 354
Total number of open accounts Oct. 31, 1889,
.
.
.
.
2,366
Expenses of the corporation for the year ending Oct. 31, 1889 (exclusive of
taxes).......................................
Amount of deposits, not including dividends, received during the year end­
ing Oct. 31, 1 8 8 9 ,...................................................................................
Number of s a m e , ............................................................................... 4,113
Amount of withdrawals, including dividends, during the year ending Oct.
31, 1889,......................................................................................................................
Number of s a m e , ............................................................................... 1,807
Date of examination by commissoner : August 14.

[Jan.

$2,069 75
166,36117

123,13873

Classification o f Deposits received during the Year ending Oct. 3 1 ,1 8 8 9 .
Num­

Of $50 and less,
Exceeding $50, and
more than $100, .
Exceeding $100, and
more than $200, .
Exceeding $200, and
more than $500, .
Exceeding $500, and
than $1,000, .
O f $1,000 or more, .

Num­

Amount.

ber.

ber.

3,429

$58,462 94

424

33,526 42

137

19,947 23

94

31,250 98

19
10

13,173 60
10,000 00

4,113

$166,361 17

To the credit —
O f women, both adult
and minor,
O f guardians,
O f religious and chari­
table associations, .
In trust, .
.
.
.

not
not
not
less

Co m m o n w e a l t h

of

Amount.

1,593
7

$66,011 10
1,336 66

21
657

2,111 05
20,836 41

M a s sa c h u s e t t s .
Suffolk,

ss .,

Nov. 15, 1889.

Personally appeared William E. Lincoln, Treasurer of the Brookline Savings Bank,
and made oath that the foregoing statement, by him subscribed, is a true and correct
statement of all the resources and liabilities of said institution, and that the answers
made by him to the foregoing interrogatories contain the whole truth in reference to the
matters to which they relate, according to his best knowledge and belief.
Before me,

A lbert L. L incoln, Jr ., Justice o f the Peace.
N orfolk

an d

Su f f o l k ,

ss .,

N ov . 16, 1889.

Personally appeared William H. Lincoln, President, and B. F. Baker, Wm. Lincoln,
Jas. P. Stearns, Alfred E. Kenrick and Clement K . Fay, trustees of said corporation,
and severally made oath that the annexed report is correct, according to their best
knowledge and belief.
Before me,
A l b e r t L. L in c o l n , J r , Justice o f the Peace.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

1890.]

79

P U B L IC D O CU M EN T — No. 8.

CAM BR ID G E S A V IN G S B A N K — CA M BR ID G E .
Incorporated April 2, 1834.

Present number of corporators, 47.
O sc a r F. A l l e n , Treasurer.

C h a s . W . S e v e k , President.
J a s . H. W

yeth,

Clerk o f the Corporation.

Names of committee charged with the investment of its funds :
Jos. R. P e t t i n g i l l ,

A n d r e w S. W a i t t ,
Ch as. W . S ev er,
W m . K im b a l l ,

E d w in D r e s s e r ,
J o h n T. G. N ic h o l s .

Open for business every business day, 8

B a l a n c e Sh e e t , O c to b er

. to 1 p . m .

31, 1889.

L ia b il it ie s .

A ssets.

Public funds as per schedule, .
Bank stock as per schedule,
Loan on bank stock, .
Railroad bonds as per schedule,
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Deposits in banks, on interest, .
Expense account,
Cash on hand, .
.
.
.

a .m

$154,000
260,676
50,000
180,000
18,991
1,130,532
826,642
34,153
1,780
2,562

00
85
00
00
62
00
44
77
52
23

Deposits, .
Guaranty fund,
Interest account,
Profit and loss ac­
count, .
Unsettled mortgage,.

$2,524,600 74
70,000 00
36,735 84
27,002 85
1,000 00

$2,659,339 43

$2,659,339 43

Cash on Deposit in Banks, amount in each: —
Charles River National Bank, C am bridge,......................................................$12,153 77
Maverick National Bank, B o s t o n , ...............................................................
22,000 00
Loan on Bank Stock: —
On 500 shares Maverick National Bank, Boston,.............................................$50,000 00

Detailed Statement o f Public Funds.

Par Value.

City of
of
of
of

Fall River, Mass., 6s, .
Newburyport, Mass., 6s,
Cambridge, Mass., 6s,
Lowell, Mass., 6s,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$21,000
18,000
10,000
20,000

Estimated
Market Value.

$26,920
18,495
12,430
20,400

00
00
00
00

Amount Invested.

$21,000
18,000
10,000
20,000

00
00
00
00

80

B A N K CO M M ISSIO N ERS’ R E P O R T .

[Jan

Detailed Statement o f Public Funds — Concluded.

Par Value.

City of Fitchburg, Mass., 6s, .
of Providence, R. I., 5s, .
of Boston, Mass., 6s,
of Boston, Mass., 5s,
of Springfield, Mass., 7s,
Town of Westborough, Mass., 5s, .
of Medford, Mass , 6s, .
Commonwealth of Massachusetts 5s,

$25,000
22,000
15,000
2,000
1,000
14,000
2,000
4,000

Estimated
Market Value.

$25,875
25,000
16,335
2,380
1,380
16,660
2,030
4,320

00
00
00
00
00
00
00
00

$154,000 $172,225 00

Amount Invested.

$25,000
22,000
15,000
2,000
1,000
14,000
2,000
4,000

00
00
00
00
00
00
00
00

$154,000 00

No. of
Shares.

Detailed Statement o f Bank Stocks.

159
265
18
107
42
9
69
93
114
58
134
10

50
145
2 00

117
125
11
11

28
146
30
5
25
46
50
60
50
10

Par Value.

Atlas National Bank, Boston,
Boston Nat’l Bank, Boston, .
Continental N’l Bank, Boston,
Eliot National Bank, Boston,
Faneuil Hall N’l B’k, Boston,
Freeman’s Nat’l Bank, Boston,
Globe National Bank, Boston,
Hamilton Nat’l Bank, Boston,
Howard Nat’l Bank, Boston, .
Market Nat’l Bank, Boston, .
Merchants’ N’l Bank, Boston,
Shawmut Nat’l Bank, Boston,
State National Bank, Boston,.
Suffolk Nat’l Bank, Boston, .
Third National Bank, Boston,
Tremont Nat’l Bank, Boston,
N’l B’k of Commerce, Boston,
Nat’l Exchange Bank, Boston,
Nat’l Eagle Bank, Boston,
N’l Hide & Leather B’k,Boston,
Nat’l Revere Bank, Boston, .
Nat’l Rockland Bank, Boston,
National Union Bank, Boston,
Charles River National Bank,
Cambridge,
Newton Nat’l Bank, Newton,
Naumkeag Nat’l Bank, Salem,
First N’l Bank, New Bedford,
National Bank of Commerce,
New Bedford,
First Nat’l Bank, Leominster,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$15,900
26,500
1,800
10,700
4,200
900
6,900
9,300
11,400
5,800
13,400
1 ,0 0 0

5,000
14,500
2 0 ,0 0 0

11,700
12,500
1 ,1 0 0
1 ,1 0 0

2,800
14,600
3,000
500
2,500
4,600
5,000
6 ,0 0 0

5,000
1 ,0 0 0

$218,700
* This

Estimated
Market Value.

Amount Invested.

$18,762
32,330
2,214
13,910
5,964
927
6,762
11,389
12,540
5,684
19,028
1,280
6,050
16,675
20,600
13,472
16,250
1,397
1,144
3,360
19,564
4,500
715

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

$19,054
29,134
2,203
12,489
5,484
997
8,919
11,590
12,831
6,280
18,207
1,206
5,481
17,836
20,556
14,003
15,309
1,575
1,241
3,144
17,499
4,625
719

25
37
25
12
75
25
26
00
49
63
25
25
25
50
12
25 '
99
75
88
00
99
25
00

3,750
4,232
6,750
9,000

00
00
00
00

2,526
5,880
7,800
7,420

5,650
500

00
00

6,160 00
500 00*

00
00
00
00

$264,399 00 $260,676 85

hank is in process of liquidation.

1890.]

P U B L IC D O CU M EN T — No. 8.

81

Detailed Statement of Railroad Bonds.

Par Value.

Boston & Albany R.R. 7s,
Lowell & Andover R.R. 6s,
Fitchburg R.R. 4is, .
.
.
Fitchburg R.R. 5s, .

$4,000
1,000
50,000
125,000

.

$180,000

Estimated
Market Value.

$4,300
1,090
50,125
135,000

00
00
00
00

Amount Invested.

$4,000
1,000
50,000
125,000

00
00
00
00

$190,515 00 $180,000 00

Total Amount o f Loans with Each Specified Rate of Interest, including
Deposits in Banks on Interest.

Amount.

$9,792
12,153
22,000
30,000
62,500

44
77
00
00
00

Kate.

0 per cent.
2è
3|
4
“
4i
“

Amount.

$534,300
307,000
875,750
53,837

00
00
00
00

Kate.

4.J, per cent.
4|
5
“

Si

“

Amount.

$111,745
9,300
6,050
6,900

00
00
T)0
00

Value, by books, of real estate, held by foreclosure or otherwise,
Assessed value of the s a m e ,.................................................................................
Number of loans which are of an amount not exceeding $3,000 each, . 300
Aggregate amount of the s a m e , ........................................................................
Total number of loans upon real e s t a t e , ............................................. 377
Amount of investments from which no income is received, .
.
.
.
Gross amount of interest or profits received or earned, as per books, during
year ending Oct. 31,1889.....................................................................................
Rate and amount of each semi-annual dividend during the ? 2 per cent.,t
year ending Oct. 31, 1889, ............................................. • >2 per cent., c
Times for the dividends fixed by the by-laws: fourth Thursday in
January and July.
Number of accounts opened during the year ending Oct. 31, 1889,
1,182
Number of accounts closed during the year ending Oct. 31, 1889,
. 736
Total number of open accounts Oct. 31, 1889,
.
.
.
.
7,467
Expenses of the corporation for the year ending Oct. 31, 1889 (exclusive
of taxes)......................................................................................................... .........
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 8 8 9 ,.........................................................................................
Number of same, ' .................................................................................8,882
Amount of withdrawals, including dividends, during the year ending Oct.
31, 1889,
.
.................................... ............................................
Number of same................................ ..................................................... 6,448
Date of examination by commissioner: June 13.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Kate.

6 per cent.
6i “
7

7i

“

$18,991 62
24,250 00
367,822 00
10,292 44
123,994 85
44,591 37
45,720 71

6,097 44
564,583 70

488,050 42

82

B A N K CO M M ISSIO N ERS’ R E P O R T .

[Jan

Classification o f Deposits received during the Tear ending Oct. 3 1 ,1 8 8 9 .

O f $50 and less,
Exceeding $50, and not
more than $100, .
Exceeding $100, and not
more than $200, .
Exceeding $200, and not
more than $500, .
Exceeding $500, and less
than $1,000, .
O f $1,000 or more, .

Amount.

6,618

$132,761 72

1,255

100,007 38

481

73,678 47

368

123,107 24

89
71

64,028 89
71,000 00

8,882

$564,583 70

Com m onw ealth
M id d l e s e x ,

Num­
ber.

Num­
ber.

of

To the credit —
O f women, both adult
and minor,
O f guardians,
O f religious and chari­
table associations, .
In trust................................

Amount,

4,641
29

$289,140 19
3,841 00

175
379

14,412 98
31,668 33

M a s sa c h u s e t t s .
C a m b r i d g e , N ov . 5, 1889.

ss .

Personally appeared Oscar F. Allen, Treasurer of the Cambridge Savings Bank, and
made oath that the foregoing statement, by him subscribed, is a true and correct state­
ment of all the resources and liabilities of said institution, and that the answers made by
him to the foregoing interrogatories contain the whole truth in reference to the matters
to which they relate, according to his best knowledge and belief.
Before me,
M id d l e s e x ,

ss.

W m , B. D u r a n t , Justice o f the Peace.
C a m b r id g e , N ov . 13, 1889.

Personally appeared Chas. W . Sever, President, and John Wilson, Edwd. R. Cogs­
well, Franklin Perrin, J. T. G. Nichols and John H. Hubbard, trustees of said corpora­
tion, and severally made oath that the annexed report is correct, according to their best
knowledge and belief.
Before me,
W i l l i a m B. D u r a n t , Justice o f the Peace.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

1890.]

83

P U B L IC D O CU M EN T — No.

CA M BR IDGEPOR T S A V IN G S

Incorporated 1853.

B A N K — CAM BR IDGEPOR T,

Present number of corporators, 17.

J o se p h A. H o l m e s , President.

H e n r y W . B u l l a r d , Treasurer.

J. F. L a n e , Clerk o f the Corporation.

Names of committee charged with the investment of its funds:
J o se p h A. H o l m e s ,

D a n ie l U . Ch a m b e r l in ,

B e n j a m in R

T il t o n .

Open for business every business day, 8.30

Balance

Sh e e t , O cto b er

to 1.30

p .m .

31, 1889.

L ia b il it ie s .

A ssets.

Public funds as per schedule, .
Bank stock as per schedule,
Loan on bank stock,
Railroad bonds as per schedule,
Real estate by foreclosure,
Loans on real estate,.
Loans on personal security,
Loans to counties, cities or towns
(n o te s ),....................................
Deposits in banks, on interest, .
Expense account,
.
.
.
Cash on hand, .
.
.
.

a .m .

$1,351,618
98,100
20,000
271,000
23,000
1,077,566
162,600

90
00
00
00
00
40
00

184.000
121.000
1,313
3,403

00
00
53
69

Deposits, .
Guaranty fund,
Interest account,

$3,313,602 52

$3,171,620 94
105,000 00
36,981 58

$3,313,602 52

Cash on Deposit in Banks, amount in each: —
First National Bank, Cambridge,........................................................................$41,000 00
Cambridgeport National Bank, Cambridge,......................................................
40,000 00*
40,000 00*
National City Bank, C am bridge,.......................................................................
Loan on Bank Stock: —
On 200 shares Metacomet National Bank of Fall River, with 40 shares Old
Colony Railroad and 25 shares B o s t o n Ma i n e Railroad,
.
.
.
* These amounts have since been reduced within the legal limit.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$20,000 00

I

84

B A N K CO M M ISSIO N ERS’ R E P O R T .

[Jan.

Detailed Statement o f Public Funds.
Estimated
Market Value.

1

I
1

City of Boston, Mass., 6s, .
of Boston, Mass., 5s, .
of Cambridge, Mass., 6s,
of Cambridge, Mass., 4s,
of Cleveland, Ohio, 4s,
of Cleveland, Ohio, 7s,
of Cleveland, Ohio, 6s,
of Cleveland, Ohio, 3.65s, .
of Columbus, Ohio, 4s,
of Dayton, Ohio, 4s,
of Grand Rapids, Mich., 8s,
of Grand Rapids, Mich , 4s,
of Lawrence, Mass., 4s,
of Middletown, Conn., 4s, .
of New Bedford, Mass., 5s,
of New Britain, Conn., 4s, .
of Newton, Mass., 6s, .
of Newton, Mass., 4s, .
of Peoria, 111., 4|s,
of Springfield, Ohio, 4£s,
of Springfield, Mass., 7s,
of Taunton, Mass., 4 s ,.
of Worcester, Mass., 4s,
of Worcester, Mass., 5s,
District of Columbia 6s,
Town of Beverly, Mass., 4s,
of E. Providence, R. I., 4s,
of Kingston, Mass., 4s,
of Maynard, Mass , 4s,
of Rockland, Mass., 4s,
of So. Abington, Mass., 4s,
of Waltham, Mass., 4s,
of Weymouth, Mass., 4s, .
of Woonsocket, R. I., 4s, .
United States 4s, .

$39,000
45,118
7,000
165,000
14,000
25,000
54,000
7,000
40,000
50,000
5,000
19,000
58,000
25,000
5,000
5,000
3,000
13,000
50,000
50,000
15,000
35,500
50,000
20,000
30,000
72,000
50,000
33,000
40,000
56,000
19,000
46,000
31,000
50,000
125,000

00
90
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

$42,440
50,288
7,390
179,237
14,770
27,838
56,290
7,070
41,200
52,250
6,000
19,760
61,480
26,875
5,750
5,250
3,900
13,341
56,000
56,500
19,031
36,565
54,000
23,800
31,300
76,320
52,000
33,825
42,400
57,400
19,380
46,345
33,170
53,000
158,750

00
41
00
50
00
75
00
00
00
00
00
00
00
00
00
00
00
25
00
00
25
00
00
00
00
00
00
00
00
00
00
00
00
00
00

$39,000
45,118
7,000
165,000
14,000
25,000
54,000
7,000
40,000
50,000
5,000
19,000
58,000
25,000
5,000
5,000
3,000
13,000
50,000
50,000
15,000
35,500
50,000
20,000
30,000
72,000
50,000
33,000
40,000
56,000
19,000
46,000
31,000
50,000
125,000

00
90
00
00
0000
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

$1,351,618 90 $1,470,917 16 $1,351,618 90

°

8

I
I
I
I
I
1
1
I
1

I
1
1
I
1
1

I
1

Detailed Statement o f Bank Stocks.
Vh

J

m

1

Estimated

%

Market Value.

50
40
50
100
56

Blackstone N’I Bank, Boston,
Eliot National Bank, Boston,
Globe National Bank, Boston,
Hamilton Nat’l Bank, Boston,
N’I B’k of Commerce, Boston,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$5,000
4,000
5,000
10,000
5,600

$5,637
5,260
4,925
12,600
7,168

50
00
00
00
00

$5,000
4,000
5,000
10,000
.5,600

00
00
00
00
00

1
1

I
1

I

1890.]

P U B L IC D O CU M EN T — No. 8.

85

No. of

Shares.

Detailed Statement o f Bank Stocks — Concluded.

206
150
100
50
75
40
50
14

Par Value.

Nat’l Union Bank, Boston,
Suffolk Nat’l Bank, Boston, .
Tremont Nat’l Bank, Boston,.
Washington N'l Bank, Boston,
Nat’l Webster Bank, Boston,
Cambridgeport National B’k,
Cambridge,
First Nat’l Bank, Cambridge,
Nat’l City Bank, Cambridge;,

$20,600
15,000
10,000
5,000
7,500

Estimated

Amount Invested.

Market Value.

$29,458
17,287
11,600
6,275
7,500

00
50
00
00
00

$20,600
15,000
10,000
5,000
7,500

00
00
00
00
00

4,000
5,000
1,400

5,600 00
8,500 00
2,240 00

4,000 00
5,000 00
1,400 00

$98,100

$124,051 00

$98,100 00

Detailed Statement o f Railroad Bonds.

Par Value.

Boston & Albany R.R. 7s,
Fitchburg R.R. 7s, .
.
.
.
Fitchburg R.R. 5s, .
Fitchburg R.R. 4s, .
Old Colony R.R. 6 s,.
Old Colony R.R. 7s,.
Old Colony R.R. 4 s,.
Vermont & Massachusetts R.R. 5s,

$63,000
6,000
22,000
50,000
19,000
1,000
50,000
60,000

Estimated

Amount Invested.

Market Value.

$67,410
6,720
23,650
50,000
21,945
1,140
53,000
66,000

00
00
00
00
00
00
00
00

$63,000
6,000
22,000
50,000
19,000
1,000
50,000
60,000

00
00
00
00
00
00
00
00

$271,000 $289,865 00 $271,000 00

Total Amount o f Loans with Each Specified Rate o f Interest, including
Deposits in Banks on Diterest.

Amount.

$121,000
25.000
45.000
50.000
78,500

Kate.

00
00
00
00
00

2 per cent.
2J
»
3
H
“
4
“

Amount.

$50,000
214,000
857,711
26,800
84,954

00
00
59
00
81

Kate.

Amount.

4| per cent.
H
“

$6,750
800
1,100
3,550

5

5h

“

Rate.

00
00
00
00

6

Value, by books, of real estate, held by foreclosure or otherwise,
.
.
Assessed value of the s a m e ,................................................................................
Net income received from same during year ending Oct. 31, 1889,
.
.
Number of loans which are of an amount not exceeding $3,000 each, 355
Aggregate amount of the s a m e , .......................................................................


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

6£ per cent.
7
U 3o

7à

“
“

$23,000 00
27,000 00
300 35
479,786 67

86

B A N K CO M M ISSIO N E R S’ R E PO R T.

[Jan.

Total number of loans upon real estate,
.
.
. ' .
.
. 433
Gross amount of interest or profits received or earned, as per books, during
year ending Oct. 31, 1 8 8 9 ,................................................................................. $142,742 78
57,491 48
Rate and amount of each semi-annual dividend during the 1 2 per cent., j
year ending Oct. 31, 1 8 8 9 ,...................................................... 1 2 per cent., 1 59,178 98
Times for the dividends fixed by the by-laws : third Wednesday in Janu­
ary and July.
Number of accounts opened during the year ending Oct. 31,1889,
1,291
Number of accounts closed during the year ending Oct. 31, 1889,
. 939
Total number of open accounts Oct. 31, 1889,
.
.
.
.
9,127
Expenses of the corporation for the year ending Oct. 31, 1889 (exclusive of
5,759 87
taxes), ...................................................................................................................
Amount of deposits, not including dividends, received during the year end­
578,182 21
ing Oct. 31, 1 8 8 9 ,.................................................................................................
Number of s a m e , .........................................................................................9,360
Amount of withdrawals, including dividends, during the year ending Oct.
516,095 89
31, 1889.....................................................................................................................
Number of s a m e , ........................................................................................ 6,251
Date of examination by commissioner : May 23.

Classification o f Deposits received during the Tear ending Oct. 3 1 ,1 8 8 9 .
Num­
ber.
O f $50 and lees,
Exceeding $50, and
more than $100, .
Exceeding $100, and
more than $200, .
Exceeding $200, and
more than $500, ,
Exceeding $500, and
than $1,000, .
O f $1,000 or more, .

Num­

Amount.

7,195

$136,732 61

1,100

88,785 23

514

80,123 57

388

134,370 58

107
56

76,270 22
61,900 00

9,360

$578,182 21

not
not
not

ber.
To the credit —
O f women, both adult
and minor,
O f guardians,
O f religious and chari­
table associations,
In trust................................

Amount.

4,087
24

$252,898 57
6,023 69

107
1,347

16,420 09
66,774 73

less

Commonwealth o r M assachusetts .
M id d l e s e x , ss.

C a m b r id g e , Nov. 19, 1889.

Personally appeared Henry W . Bullard, Treasurer of the Cambridgeport Savings
Bank, and made oath that the foregoing statement, by him subscribed, is a true and cor­
rect statement of all the resources and liabilities of said institution, and that-the answers
made by him to the foregoing interrogatories contain the whole truth in reference to the
matters to which they relate, according to his best knowledge and belief.
Before me,
M id d l e s e x ,

ss .

C h a s . G. P o p e , Justice o f the Peace.

Ca m b r id g e , N ov . 19, 1889.

Personally appeared Jos. A. Holmes, President, and Daniel XJ. Chamberlin, Asa
P. Morse, Dana W . Hyde, W . A. Bullard and Edward Kendall, trustees of said corpo­
ration, and severally made oath that the annexed report is correct, according to their
best knowledge and belief.
C h a s . G. P o p e , Justice o f the Peace.
Before me,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

1890.]

87

PU B L IC DO CU M EN T — No. 8.

CAN TO N IN S T IT U T IO N FOR S A V IN G S — CAN TO N .
Incorporated 1835.

Present number of corporators, 27.

C h a s . E n d ic o t t , President.

N a t h ’ l W . D u n b a r , Treasurer.

N a t h ’ l W . D u n b a r , Clerk o f the Corporation.

Names of committee charged with the investment of its funds :
Ja m e s S . S h e p a r d ,

¥ m . O. C h a p m a n ,

N a t h ’l W . D u n b a r ,

F r a n c is D . D u n b a r .

Open for business every business day, 8

a .m .

to 12

m

. ; 1.30 to 4 p . m .

B alance Sheet , O ctober 31, 1889.

A ssets.

Public funds as per schedule, .
Bank stock as per schedule,
Railroad bonds as per schedule,
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
(notes)........................................
Deposit in bank, on interest,

L ia b il it ie s .

$122,100
53,100
42,500
7,520
246,705
70,250

00
00
00
00
00
00

Deposits, .
Guaranty fund,
Interest account,
Profit and loss ac­
count,

$577,153 85
19,960 00
857 75
5,205 30

41,360 00
19,641 90
$603,176 90

$603,176 90

Cash on Deposit in Bank : —
Neponset National Bank, Canton,....................................................................... $ 19,641 90

Detailed Statement o f Public Funds.

Par Value.

County of Hampden, Mass., 3s,
City of Providence, R. I., 5s, .
of Taunton, Mass., 4s,
of Lawrence, Mass., 4s, .
of Waltham, Mass., 4s, .
of Lynn, Mass., 34s,.
of New Bedford, Mass., 3|s, .
Town of Norwood, Mass., 4s, .
of Canton, Mass., 4s,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$10,000
10,000
10,000
15,000
8,000
13,500
10,000
10,000
36,000
$122,500

Estimated
Market Value.

$9,600
11,300
10,000
15,000
8,000
13,500
10,000
10,000
36,000

00
00
00
00
00
00
00
00
00

Amount Invested.

$9,600
10,000
10,000
15,000
8,000
13,500
10,000
10,000
36,000

00
00
00
00
00
00
00
00
00

$123,400 00 $122,100 00

88

BANK

CO M M ISSIO N ERS’ R E PO R T.

[Jan.

No. of

Shares.

Detailed Statement of Bank Stocks.

25
25
25
40
33
50
50
25
25
17
25
113
50

Par Value.

Atlas National Bank, Boston,
Blackstone N’l Bank, Boston,
Central Nat’l Bank, Boston, .
Freeman’s Nat’l Bank, Boston,
Globe National Bank, Boston,
Market Nat’l Bank, Boston, .
N ’l B’k of No. America, Boston,
National Eagle Bank, Boston,
Nat’l Webster Bank, Boston,
North National Bank, Boston,
Shoe & Leather N’l B’k, Boston,
Neponset Nat’l Bank, Canton,
Dedham Nat’l Bank, Dedham,

Estimated
Market Value.

$2,500
2,500
2,500
4,000
3,300
5,000
5,000
2,500
2,500
1,700
2,500
11,300
5,000
$50,300

$3,000
2,800
3,375
4,120
3,234
5,000
6,100
2,575
2,500
2,363
2,350
14,690
6,000

Amount Invested.

$2,500
2,500
2,500
4,000
3,300
5,000
5,000
2,500
2,500
1,700
2,500
13,100
6,000

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

$53,100 00

$58,107 00

Detailed Statement o f Railroad Bonds.

Par Value.

Boston & Albany R.R. 7s,
Boston & Maine R.R. 7 s ,.
Eastern R.R. 6s,
Fitchburg R.R. 4is, .
.
.

*A

.

Estimated
Market Value.

$12,000
5,000
5,500
20,000

$13,080
5,550
6,930
20,000

$42,500

$45,560 00

Amount Invested.

00
00
00
00

$12,000
5,000
5,500
20,000

00
00
00*
00

$42,500 00

legal investment when made.

Total Amount o f Loans with Each Specified Rate o f Interest, including
Deposits in Banks on Interest.
Amount.

$19,641 90
41,360 00

Rate.

2 per cent.
4
“

Amount.

$19,500 00
58,675 00

Rate.

4J per cent.
5
“

Amount.

$8,500 00
230,280 00

Value, by books, of real estate, held by foreclosure or otherwise,
.
.
Assessed value of the s a m e ,.................................................................................
Net income received from same during year ending Oct. 31, 1889,
.
.
Number of loans which are of an amount not exceeding $3,000 each, . 206
Aggregate amount of the s a m e , ........................................................................


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Rate.

6

per cent.
“

$7,520 00
7,650 00
468 00
185,975 00

1890.]

89

P U B L IC DO CU M EN T — No. 8.

Total number of loans upon real e s t a t e , .............................................212
Amount of investments from which no income is received, .
.
.
.
Gross amount of interest or profits received or earned, as per books, during
year ending Oct. 31, 1 8 8 9 ,.................................................................................
Rate and amount of each semi-annual dividend during the ) 2 per cent., f
year ending Oct. 31, 1889..........................................................12 per cent., 1
Times for the dividends fixed by the by-laws : first Tuesday in April and
October.
Number of accounts opened during the year ending Oct. 31, 1889,
. 281
Number of accounts closed during the year ending Oct. 31, 1889,
. 230
Total number of open accounts Oct. 31, 1889,
.
.
.
.
2,076
Expenses of the corporation for the year ending Oct. 31, 1889 (exclusive of
t a x e s ) ,...................................................................................................................
Amount of deposits, not including dividends, received during the year end­
ing Oct. 31, 1889......................................................................................................
Number of s a m e , ......................................................................................... 1,449
Amount of withdrawals, including dividends, during the year ending Oct.
31, 1889,.
.................................................................................................
Number of s a m e , ........................................................................................ 1,015
Date of examination by commissioner : August 13.

$600 00
28,774 28
10,669 19
10,799 95

1,253 50
99,640 66

97,638 69

Glassification of Deposits received during the Tear ending Oct. 31, 1 889.
Num­
ber.
O f $50 and less,
Exceeding $50, and not
more than $100, .
Exceeding $100, and not
more than $200, .
Exceeding $200, and not
more than $500, .
Exceeding $500, and less
than $1,000, .
O f $1,000 or more, .

Num­

Amount.

1,038

$24,181 00

241

20,580 00

85

14,063 66

61

20,306 00

13
11

9,510 00
11,000 00

1,449

$99,640 66

ber.
T o the credit —
O f women, both adult
and minor,
O f guardians,
Of religious and charitable associations, .
In trust, .
.
.
.

Amount.

674
1

$47,237 00
68 00

18
37

1,778 33
5,694 00
*

C o m m o n w e a l t h oe M a s s a c h u s e t t s .
N o r f o l k , s s ., N o v . 9, 1889.

Personally appeared Nath’l W . Dunbar, Treasurer of the Canton Institution for Sav­
ings, and made oath that the foregoing statement, by him subscribed, is a true and cor­
rect statement of all the resources and liabilities of said institution, and that the answers
made by him to the foregoing interrogatories contain the whole truth in reference to the
matters to which they relate, according to his best knowledge and belief.
Before me,

T h o m a s E. G r o v e r , Justice o f the Peace.

N o r f o l k , s s ., N o v . 9, 1889.

Personally appeared Charles Endicott, President, and James S. Shepard, Henry F.
Buswell, Francis D. Dunbar, C. H. French and Edwd. R. Eager, trustees of said cor­
poration, and severally made oath that the annexed report is correct, according to their
best knowledge and belief.
Before me,
N a t h ’ l W . D u n b a r , Justice o f the Peace.


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Federal Reserve Bank of St. Louis

90

B A N K CO M M ISSIO N ERS’ R E PO R T.

[Jan.

CAPE A N N S A V IN G S B A N K — GLOUCESTER.
Incorporated 1846.

Present number of corporators, 44.

S a m u e l A. S t a c y , President.

G e o . J. M a r s h , Treasurer.

D a n i e l T. B a b s o n , Clerk o f the Corporation.

Names of committee charged with the investment of its funds:
R obert R . F e a r s,

Sy l v e s t e r Cu n n in g h a m ,

Jo h n E . S o m e s ,

G e o r g e J. M a r s h .

Open for business every business day, 9 a . m . to 1 p . m . ; 2 to 3 p . m .
August, close at 1 p . m .

B a l a n c e Sh e e t , O c to b er

A ssets.

Public funds as per schedule, .
Loan on public funds,
Bank stock as per schedule,
Loans on bank stock,
Railroad bonds as per schedule,
Real estate (for banking purp o s e s ) , ...................................
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
(n o te s ),....................................
Loans on depositors’ books,
Deposits in banks, on interest, .
Deposit in bank, not on interest,
Expense account,
Miscellaneous account,
Cash on hand, .
.
.
.

During

31, 1889.

L ia b il it ie s .

$61,000
1,000
246,000
24,000
31,875

00
00
00
00
00

1,000
2,112
1,296,587
651,600

00
02
00
00

12,300
200
6,758
544
64
42
872

00
00
67
88
83
59
55

$2,335,957 54

Deposits, .
Guaranty fund,
Interest account,
Profit and loss account, .
Surplus, .
Tax account, .
E. C. Brown account,

$2,147,855 01
100,000 00
20,580 00
4,959
60,000
2,529
32

52
00
52
49

$2,335,957 54

Cash on Deposit in Banks, amount in each : —
Gloucester National Bank, Gloucester,..............................................................$544 88
Maverick National Bank, Boston,.......................................................................
6,754 41
National Bank of Redemption, Boston,..............................................................
4 26
Loan on Public Funds : —
On $1,000 Cambridge, Mass., 6 s , ....................................................................... $1,000 00
Loans on Bank Stock, amount on each : —
On 230 shares City National Bank, G lo u c e s te r ,............................................ $23,000 00
On 10 shares First National Bank, G lo u c e s t e r ,.............................................
1,000 00


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Federal Reserve Bank of St. Louis

1890.]

91

P U B L IC D O CU M EN T — No. 8.

Detailed Statement o f Public Funds.
'' ...
Par Value.

Town of Brookline, Mass., 7s,
City of Charlestown, Mass., 6s,
of Cambridge, Mass , 6s,.
of Fall River, Mass., 6s, .
of Lawrence, Mass., 6s, .
of Lowell, Mass., 6s,
of Northampton, Mass., 6s,
of Salem, Mass., 6s,.

$5,000 ’
12,000
10,000
8,000
5.000
15,000
5.000
1.000
$61,000

Estimated
Market Value.

$5,500
12,000
10,500
8,000
5,250
15,000
5.000
1.000

00
00
00
00
00
00
00
00

$62,250 00

Amount Invested.

$5,000
12,000
10,000
8,000
5.000
15,000
5.000
1.000

00
00
00
00
00
00
00
00

$61,000 00

No. of

Shares.

Detailed Statement o f Bank Stocks.

100
100
112
90
50
100
100
100
30
50
100
50
50
70
200
50
100
100
25
166
150
50
100
50
50
100
100
50
100

Par Value.

Atlantic Nat’l Bank, Boston, .
Atlas National Bank, Boston,
Blaekstone N’l Bank, Boston,
Central Nat’l Bank, Boston, .
National City Bank, Boston, .
N’l B’k of the Commonwealth,
Boston,
.
.
.
.
N’l B’k of Commerce, Boston,
National Eagle Bank, Boston,
Everett Nat’l Bank, Boston, .
Nat’l Exchange Bank, Boston,
Freeman’s Nat’l Bank, Boston,
Globe National Bank, Boston,
Hamilton Nat’l Bank, Boston,
Howard Nat’l Bank, Boston, .
Merchants’ Nat’l Bank,Boston,
New England N’l B’k, Boston,
North National Bank, Boston,
N’l B’k of No. America, Boston,
Old Boston N’l Bank, Boston,
N’l B’k of Redemption, Boston,
N’l B’k of the Republic, Boston,
Second National Bank, Boston.
Shawmut Nat’l Bank, Boston,
State National Bank, Boston,
Tremont Nat’l Bank, Boston,.
City Nat’l Bank, Gloucester, .
Cape Ann N’l B’k, Gloucester,
Gloucester N’l B’k, Gloucester,
Rockport N’l Bank, Rockport,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Estimated
Market Value.

Amount Invested.
|

$10,000
10,000
11,200
9,000
5,000

$14,050
11,625
12,404
11,992
4,650

00
00
00
50
00

$10,000
10,000
11,200
7,200
5,000

00
00
00
00
00

10,000
10,000
10,000
3,000
5,000
10,000
5,000
5,000
7,000
20,000
5,000
10,000
10,000
2,500
16,600
15,000
5,000
10,000
5,000
5,000
10,000
10,000
5,000
10,000

16,775
12,600
10,100
3,030
6,275
10,175
4,825
6,200
7,560
28,500
8,012
13,700
12,025
2,925
21,995
24,750
8,650
12.800
5,950
5,575
15,000
14,000
6,750
14,000

00
00
00
00
00
00
00
00
00
00
50
00
00
00
00
00
00
00
00
00
00
00
00
00

10,000
10,000
10,000
3,000
5,000
9,000
4,500
5,000
7,000
20,000
5,000
10,000
10,000
2,500
16,600
15,000
5,000
10,000
5,000
5,000
10,000
10,000
5,000
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

$249,300

$326,894 00 $246,000 00

92

B A N K CO M M ISSIO N ERS’ R E P O R T .

[Jan.

Detailed Statement o f Railroad Bonds.

Par Value.

Eastern R.R. 6s,

.

.

.
*A

$42,500

Estimated
Market Value.

$53,550 00

Amount Invested.

$31,875 00*

legal investment when made.

Total Amount o f Loans with Each Specified Rate o f Interest, including
Deposits in Banks on Interest.

Amount.

$6,758 67
12,300 00
626,650 00

Rate.

Amount.

Rate.

2£ per cent.

$77,100 00
91,300 00
1,154,887 00

5| per cent.
5è
“
6

4
5

“

Rate.

Amount.

$5,150 00
18,300 00

6£ per cent.
7

Amount invested in real estate for banking purposes,....................................
Estimated value o£ the s a m e , ........................................................................
Assessed value of the same, .
.
.
.
.
.
.
.
.
.
Net income received from same during year ending Oct. 31, 1889,
Value, by books, of other real estate, held by foreclosure or otherwise,
Assessed value of the s a m e ,.................................................................................
Number of loans which are of an amount not exceeding $3,000 each,. 714
Aggregate amount of the s a m e , ........................................................................
Total number of loans upon real e s t a t e , .............................................767
Gross amount of interest or profits received or earned, as per books, during
year ending Oct. 31, 1889.....................................................................................
Rate and amount of each semi-annual dividend during the i
per cent., r
year ending Oct. 31, 1889............................................................. 2^ per cent., j
Times for the dividends fixed by the by-laws: April 1 and October 1.
Number of accounts opened during the year ending Oct. 31, 1889,
1,332
Number of accounts closed during the year ending Oct. 31, 1889,
. 954
Total number of open accounts Oct. 31, 1889,
.
.
.
.
7,176
Expenses of the corporation for the year ending Oct. 31, 1889 (exclusive
of t a x e s ) , ............................................................... ............................................
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1889...............................................................................................
Number of same, .
..
. • ............................................. 6,187
Amount of withdrawals, including dividends, during the year ending Oct.
31, 1 8 8 9 , ...........................................................................................................
N umber of s a m e , .......................................................................
.
5,426
Date of examination by commissioner: July 25.


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Federal Reserve Bank of St. Louis

$ 1,000 00
7,000 00
8,200 00

62 92
2,112 02

3,600 00
543,277 00

121,099 69
46,019 62
48,673 04

5,276 88
493,636 48

383,905 94

1890.]

93

P U B L IC D O C U M E N T — No. 8.

Classification o f Deposits received during the Year ending Oct. 31, 1889.
Num­
ber.
O f $50 and less,
Exceeding $50, and not
more than $100, .
Exceeding $100, and not
more than $200, .
Exceeding $200, and not
more than $500, .
Exceeding $500, and less
than $1,000, .
Of $1,000 or more, .

Num­
Amount.

4,442

$87,957 92

886

74,443 29

406

62,870 06

286

99,997 37

84
83

59,167 84
109,200 00

6,187

$493,636 48

ber.
To the credit —
Of women, both adult
and minor,
O f guardians,
O f religious and chari­
table associations, .
In trust, .
.
.
.

Amount.

2,551
23

$170,692 43
7,493 00

85
149

43,966 75
41,700 86

- —,

C o m m o n w e a l t h of M a s s a c h u s e t t s .
E s s e x , s s ., N o v .

19, 1889.

Personally appeared George J. Marsh, Treasurer of the Cape Ann Savings Bank, and
made oath that the foregoing statement, by him subscribed, is a true and correct state­
ment of all the resources and liabilities of said institution, and that the answers made
by him to the foregoing interrogatories contain the whole truth in reference to the
matters to which they relate, according to his best knowledge and belief.
Before me,

D a n i e l T. B a b s o n , Justice o f the Peace.

E s s e x , s s .,

N ov. 19, 1889.

Personally appeared Samuel A. Stacy, President, and Robert R. Fears, John Corliss,
John E. Somes, Henry Center and John J. Pew, trustees of said corporation, and sev­
erally made oath that the annexed report is correct, according to their best knowledge
and belief.
Before me,
D a n i e l T. B a b s o n , Justice o f the Peace.


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Federal Reserve Bank of St. Louis

94

B A N K CO M M ISSIO N ERS’ REPORT,

[Jan.

CAPE COD F IV E CENTS S A V IN G S B A N K — H A R W IC H .

Incorporated 1855.

Present number of corporators, 75.

L e v i E l d r i d g e , President.

A u g u s t u s C . S n o w , 2d, Treasurer.

A u g u s t u s C . S n o w , 2d , Clerk o f the Corporation.

Names of committee charged with the investment of its funds :
L e v i E l d r id g e ,

L u t h e r F is k ,

G o d f r e t H o p k in s ,

E l e a z e r K. C r o w e l l ,

A l e x a n d e r T. N e w c o m b .

Open for business every business day, 9

B a l a n c e Sh e e t , O cto b er

A ssets.

Bank stock as per schedule,
Loans on bank stock,
Railroad bonds as per schedule,
Real estate (for banking pur­
poses)..........................................
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
( n o t e s ) ,...................................
Deposit in bank, on interest,
Real estate to secure indebted­
ness,
...................................
Cash on hand, .
.
.
.

a .m .

to 1 p . m .

31,1889.

L ia b il it ie s .

$59,454 75
3,710 00
88,521 00
1,450
5,521
139,307
152,801

Deposits, .
Guaranty fund,
Profit and loss ac­
count,

$460,511 53
11,830 00
4,056 41

00
99
91
57

14,991 55
7,000 00
3,022 52
616 65
$476,397 94

$476,397 94

Cash on Deposit in Bank : —
Cape Cod National Bank, H a r w i c h , ............................................................... $7,000 00
Loans on Bank Stock, amount on each: —
On 25 shares Cape Cod National Bank, H a r w i c h , ............................................ $2,500
On 11 shares Cape Cod National Bank, H a r w i c h , ....................................
200
On 11 shares Cape Cod National Bank, H a r w i c h , ....................................
800
On 4 shares Cape Cod National Bank, Harwich................................................
30
On 3 shares Cape Cod National Bank, H arw ich,.............................................
180


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Federal Reserve Bank of St. Louis

00
00
00
00
00

9 0 .]

95

P U B L IC D O CU M EN T — No.

No. of

Shares.

Detailed Statement o f Bank Stocks.

57
42
48
43
40
31
30
30
27
26
25
24
20
16
15
13
10
7

Par Value.

Cape Cod N’l Bank, Harwich,
First Nat’l Bank, Yarmouth, .
State National Bank, Boston,
Shawmut Nat’l Bank, Boston,
Everett Nat’l Bank, Boston, .
N’l B’k of Commerce, Boston,
National Revere Bank, Boston,
N’l Plide & Leather B’k, Boston,
Blackstone Nat’l Bank,Boston,
Nat’l Exchange Bank, Boston,
Fourth National Bank, Boston,
Suffolk National Bank, Boston,
Tremont Nat’l Bank, Boston,
N’l B’k of No. America, Boston,
N’l B’k of the Republic, Boston,
N’l B’k of the Commonwealth,
Boston,
.
.
.
.
Nat’l Webster Bank, Boston,
Faneuil Hall N’l Bank, Boston,

$5,700
4,200
4,800
4,300
4,000
3,100
3,000
3,000
2,700
2,600
2,500
2,400
2,000
1,600
1,500

Estimated
Market Value.

$7,296
5,796
5,808
5,590
4,120
3,968
3,720
3,600
3,044
3,315
2,943
2,766
2,270
1,956
2,505

00
00
00
00
00
00
00
00
25
00
75
00
00
00
00

Amoun t Invested

$7,866
5,523
5,676
5,031
3,800
3,674
3,630
3,450
2,916
3,029
2,756
2,730
2,275
1,616
1,980

00
00
00
00
00
50
00
00
00
00
25
00
00
00
00

1,300
1,000
700

2,206 75
1,000 00
1,008 00

1,521 00
1,050 00
931 00

$50,400

$62,912 75

$59,454 75

Detailed Statement o f Railroad Bonds.

Par Value.

Old Colony R.R. 7s,
Old Colony R.R. 6s,
. . .
Fitchburg R.R. 5s, .
Boston & Maine R.R. 7 s,.
Vermont & Massachusetts R.R. 5s,.
Boston & Lowell R.R. 5s,
Boston & Lowell R.R. 6s,
Boston & Lowell R.R. 4s,
Portland & Ogdensburg R.R. 6s,


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Federal Reserve Bank of St. Louis

Estimated
Market Value.

$16,000
5,000
20,000
10,000
10,000
5,000
1,000
10,000
5,000

$18,120
5,550
21,450
11,110
11,100
5,500
1,135
10,400
5,900

00
00
00
00
00
00
00
00
00

$82,000

$90,265 00

Amount Invested.

$17,842
5,543
20,707
11,287
10,869
5,342
1,106
10,000
5,825

00
00
00
00
00
00
00
00
00

$88,521 00

B A N K CO M M ISSIO N ERS’ R E P O R T .

96

[Jan

Total Amount o f Loans with Each Specified Rate o f Interest, including
Deposits in Banks on Interest.

$7,000
5,000
27,000
14,500

00
00
00
00

Amount.

Kate.

Amount.

$10,000
5,000
69,500
24,600

2 per cent.
4
4*
“
H
“

00
00
00
00

Kate.

Amount.

Rate.

4f per cent.
4|
5
“
5h
“

$76,559 52
8,642 57
70,008 94

6 per cent.
6£
“
7

$1,450 00
Amount invested in real estate for banking purposes,
.
.
.
.
1,450 00
Estimated value of the s a m e , ........................................................................
1,200 00
Assessed value of the s a m e ,.................................................................................
8.544 51
Value, by books, of other real estate, held by foreclosure or otherwise,
1 1 ,1 0 0 00
Assessed value of the same.....................................................................................
Number of loans which are of an amount not exceeding $3,000 each, 352
155,961 03
Aggregate amount of the s a m e , ........................................................................
Total number of loans upon real e s t a t e , ............................................. 298
8.544 51
Amount of investments from which no income is received, .
.
.
.
Gross amount of interest or profits received or earned, as per books, during
23,119 76
year ending Oct. 31, 1889.....................................................................................
8,115 32
Rate and amount of each semi-annual dividend during the I 2 per cent., f
8,608 96
year ending Oct. 31, 1 8 8 9 ,......................................................•) 2 per cent., 1
Times for the dividends fixed by the by-laws: second Wednesday in April
and October.
Number of accounts opened during theyear ending Oct. 31, 1889,
. 323
Number of accounts closed during the year ending Oct. 31, 1889,
. 271
Total number of open accounts Oct. 31, 1889,
.
.
.
.
2,339
Expenses of the corporation for the year ending Oct. 31, 1889 (exclusive
2,434 54
of taxes), ............................................................................................................
Amount of deposits, not including dividends, received during the year
101,027 79
ending Oct. 31, 1 8 8 9 ,.........................................................................................
Number of s a m e ,......................................................................................... 1,245
Amount of withdrawals, including dividends, during the year ending
75,719 15
Oct. 31, 1 8 8 9 , ...................................................................................................
Number of s a m e , .....................................................................................866
Date of examination by commissioner: August 24.

Classification o f Deposits received during the Year ending Oct. 3 1 ,1 8 8 9 .
Num­
ber.
O f $50 and less,
Exceeding $50, and
more than $100, .
Exceeding $100, and
more than $200, .
Exceeding $200, and
more than $500, .
Exceeding $500, and
than $1,000, .
O f $1,000 or more, .


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Num­
ber.

Amount.

777

$15,417 29

256

18,450 81

102

18,073 68

84

28,612 61

18
8

12,473 40
8,000 00

1,245

$101,027 79

not
not
not
less

To the credit —
O f women, both adult
and minor,
O f guardians,
Of religious and charitable associations, .
In trust................................

Amount.

574
8

$45,605 54
253 02

21
9

1,302 33
415 11

1890.]

P U B L IC D O C U M E N T — No. 8.

97

Co m m o n w e a l t h o f M a s s a c h u s e t t s .

H a r w ic h , N ov. 11, 1889.

B a r n st a b l e , ss.

Personally appeared Augustus C. Snow, 2d, Treasurer of the Cape Cod Five Cents
Savings Bank, and made oath that the foregoing statement, hy him subscribed, is a true
and correct statement of all the resources and liabilities of said institution, and that the
answers made by him to the foregoing interrogatories contain the whole truth in ref­
erence to the matters to which they relate, according to his best knowledge and belief.
Before me,
B a r n s t a b l e , ss.

A l p h o n s o L. W e e k e s , Justice o f the Peace.

H a r w i c h , N o v . 11, 1889.

Personally appeared Levi Eldridge, President, and Luther Fisk, Godfrey Hopkins,
Eleazer K. Crowell, Alexander T. Newcomb and Edwd. E. Crowell, trustees of said
corporation, and severally made oath that the annexed report is correct, according to
their best knowledge and belief.
Before me,
A l p h o n s o L. W e e k e s , Justice o f the Peace.


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Federal Reserve Bank of St. Louis

[Jan.

B A N K CO M M ISSIO N ERS’ R E PO R T.

98

C E N T R A L SA V IN G S B A N K — L O W E L L .

Incorporated 1871.

Present number of corporators, 67.

O l i v e r H. M o u l t o n , President.

S a m ’ l A. C h a s e , Treasurer.

S a m ’ l A. C h a s e , Clerk o f the Corporation.

Names of committee charged with the investment of its funds :
D a n ie l Sw a n ,

A r t h u r G. P o l l a r d ,

J o h n S. J a q u e s ,

A m asa P ratt,

H e n r y C. Ch u r c h ,

S a m ’ l A. C h a s e .

Open for business every business day, 9

a .m .

to 1 p . m . ; and Saturday, 7 to 9 p . m .

B a l a n c e Sh e e t , O c t o b e r

31, 1889.

L ia b il it ie s .

A ssets.

$12,000
1,200
231,800
4,600
9,000
36,000
1,272,361
386,813
99,658
2,422

Public funds as per schedule, .
Loan on public funds,
Bank stock as per schedule,
Loans on bank stock,
Railroad bonds as per schedule,
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Deposits in banks, on interest, .
Cash on hand, .
.
.
.

00
00
00
00
00
00
00
00
13
84

$1,915,172 37
55,000 DO

Deposits,.
Guaranty fund,
Profit and loss ac­
count, .

85,682 60

$2,055,854 97

$2,055,854 97

Cash on Deposit in Banks, amount in each: —
Merchants’ National Bank, Lowell,
Prescott National Bank, Lowell, .

.

. . .
.

.
.

$74,658 13
25,000 00

Loan on Public Funds: —
On $1,400 United States 4s,

.

.

.

$ 1,200 00

.

Loans on Bank Stock, amount on each: —
On
On
On
On

19 shares Prescott National Bank, Lowell,
8 shares Appleton National Bank, Lowell,
13 shares Merchants’ National Bank, Lowell, .
10 shares Wamesit National Bank, Lowell,


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Federal Reserve Bank of St. Louis

‘J

$2,600 00

’J

2,000 00

1890.]

99

P U B L IC D O CU M EN T — No. 8

Detailed Statement o f Public Funds.

Par Value.

City of
of
of
• of

Haverhill, Mass., Gs, .
Lowell, Mass., 4s,
Malden, Mass., 4s,
Pawtucket, R. I., 4s, .

$1,000
1,000
5,000
5,000
$12,000

Estimated
Market Value.

$1,020
1,082
5,425
5,550

00
50
00
00

$13,077 50

Amount Invested.

$1,000
1,000
5,000
5,000

00
00
00
00

$12,000 00

No. of
Shares.

Detailed Statement o f Bank Stocks.

100
100
50
200
100
13
50
10
50
50
100
100
50
60
27
30
70
63
50
50
100
30
150
52
10
12
50
50

Par Value.

Atlantic Nat’l Bank, Boston, .
Blackstone N’l Bank, Boston,.
Boston National Bank, Boston,
Central Natl Bank, Boston, .
Eliot National Bank, Boston, .
Hamilton Natl Bank, Boston,
Market Natl Bank, Boston, .
Maverick Natl Bank, Boston,
Merchants’ Natl Bank, Boston,
Metropolitan N ! Bank, Boston,
National City Bank, Boston, .
N’l B’k of Commerce, Boston,
N’l Hide & Leather B’k, Boston,
N’l B’k of Redemption, Boston,
N’l B’k of the Republic, Boston,
Nat’l Webster Bank, Boston, .
Second Nat’l Bank, Boston,
Shawmut Natl Bank, Boston,.
Shoe & Leather N’l B’k, Boston,
Suffolk Nat’l Bank, Boston,
Appleton Nat’l Bank, Lowell,
First National Bank, Lowell, .
Merchants’ N’l Bank, L ow ell,.
Old Lowell N’l Bank, Lowell,
Prescott Nat’l Bank, Lowell, .
Railroad Nat’l Bank, Lowell, .
Wamesit Nat’l Bank, L ow ell,.
Georgetown National Bank,
Georgetown,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$10,000
10,000
5,000
20,000
10,000
1,300
5,000
1,000
5,000
5,000
10,000
10,000
5,000
6,000
2,700
3,000
7,000
6,300
5,000
5,000
10,000
. 3,000
15,000
5,200
1,000
1,200
5,000
5,000
$177,700

Estimated
Market Value.

$14,300
11,200
6,000
27,000
13,100
1,625
5,000
2,300
7,100
5,250
9,400
12,500
6,100
7,980
4,550
3,300
12,340
8,190
4,750
5,850
20,000
5,250
22,500
6,500
1,550
1,560
7,000

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

6,000 00

Amount Invested

$14,000
12,500
6,000
35,000
11,500
1,400
5,500
1,200
6,700
5,100
12,000
10,000
5,400
8,000
3,400
3,000
10,000
8,000
5,800
6,100
16,900
4,200
18,300
6,700
1,000
1,200
6,900

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

6,000 00

$238,195 00 $231,800 00

100

[Jan.

B A N K CO M M ISSIO N ERS’ R E PO R T.

Detailed, Statement of Railroad Bonds.

Par Value.

Boston & Lowell R.R. 4s,
Fitchburg R.R. 5s, .
Portland & Ogdensburg R.R. 6s,

.

Estimated
Market Value.

Amount Invested.

$3,000
5.000
1.000

$3,165 00
5,362 50
1,200 00

$3,000 00
5.000 00
1.000 00

$9,000

$9,727 50

$9,000 00

Total Amount o f Loans with Each Specified Bate o f Interest, including
Deposits in Banks on Interest.

Amount.

Rate.

Amount.

Rate.

Amount.

$74,658 13
117,000 00
60,000 00

2J per cent.
4“
“
4.1
“

$132,500 00
1,150,964 00
97,975 00

4J per cent.
5
54
«

$131,035 00
500 00

Rate.

6 per cent.
7
»

Value, by books, of real estate, held by foreclosure or otherwise,
.
.
Assessed value of the s a m e ,................................................................................
Net income received from same during year ending Oct. 31, 1889,
.
.
Number of loans which are of an amount not exceeding $3,000 each, . 330
........................................................................
Aggregate amount of the same,
Total number of loans upon real e s t a t e , ............................................. 424
Amount of investments from which no income is received, .
.
.
.
Gross amount of interest or profits received or earned, as per books, during
year ending Oct. 31, 1889.....................................................................................
Rate and amount of each semi-annual dividend during the 1 2 per cent., f
year ending Oct. 31, 1889, .
.
.
.
.
•
0 2 per cent., 1
Times for the dividends fixed by the by-laws : first Saturday in May and
November.
Number of accounts opened during the year ending Oct. 31, 1889,
1,190
Number of accounts closed during the year ending Oct. 31, 1889,
. 946
Total number of open accoimts Oct. 31, 1889.....................................
5,058
Expenses of the corporation for the year ending Oct. 31, 1889 (exclusive of
ta x e s),....................................................................................................................
Amount of deposits, not including dividends, received during the year end­
ing Oct. 31, 1 8 8 9 ,.................................................................................................
Number of s a m e , ..........................................................................................6,276
Amount of withdrawals, including dividends, during the year ending Oct.
31, 1889.....................................................................................................................
Number of s a m e , ........................................................................................ 4,246
Date of examination by commissioner : June 20.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$36,000 00
44,150 00
1,238 13
461,462 00
8,000 00
96,569 43
33,641 05
34,551 78

6,183 74
488,982 48

427,773 65

1890.]

P U B L IC

101

D O CU M EN T — No. 8.

Classification o f Deposits received daring the Year eliding Oct. 3 1 ,1 8 8 9 .

O f $50 and less,
Exceeding $50, and
more than $100, .
Exceeding $100, and
more than $200, .
Exceeding $200, and
more than $500, .
Exceeding $500, and
than $1,000, .
O f $1,000 or more, .

Num­
ber.

Amount.

4,589

$90,390 66

809

67,141 99

not
not
388

63,254 64

299

106,079 43

104
87

74,417 24
87,698 52

6,276

$488,982 48

not

Num­
ber.

To the credit —
Of women, both adult
and minor,
O f guardians,
O f religious and char­
itable associations, .
In trust, .
.
.
.

Amount.

2,476
27

$194,856 44
11,910 67

76
799

10,588 77
70,317 28

less

C o m m o n w e a l t h of M a s s a c h u s e t t s .
M i d d l e s e x , s s ., N ov . 14, 1889.

Personally appeared Samuel A . Chase, Treasurer of the Central Savings Bank, and
made oath that the foregoing statement, by him subscribed, is a true and correct state­
ment of all the resources and liabilities of said institution, and that the answers made by
him to the foregoing interrogatories contain the whole truth in reference to the matters
to which they relate, according to his best knowledge and belief.
Before me,

W . W . J o h n s o n , Justice o f the Peace.

M i d d l e s e x , s s ., N ov. 14, 1889.

Personally appeared Oliver H. Moulton, President, and Ephraim Brown, E.Boyden,
Daniel Swan, H. C. Church and Willard A . Brown, trustees of said corporation, and
severally made oath that the annexed report is correct, according to their best knowl­
edge and belief.
Before me,
W . W . J o h n s o n , Justice o f the Peace.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

\

102

[Jan

B A N K CO M M ISSIO N ERS’ R E PO R T.

C H A R L E S T O W N F IV E CENTS S A V IN G S B A N K — BOSTON.
Incorporated 1854.

Present number of corporators, 46.

P. J. S t o n e , President.

A mos S t o n e , Treasurer.
B e n j . F. S t a c e y , Clerk o f the Corporation.

Names of committee charged with the investment of its funds :
P. J. S t o n e ,
E mri B. S t e t so n ,
G e o . S. P e n d e r g a s t ,
P e t e r S. R o b e r t s ,
S a m ’ l D. S a w i n .
Open for business every business day, 9 a .m . to 2 p . m . ; also Wednesday and Saturday,
3 to 5

p .m .

B a l a n c e Sh e e t , O ctober

A ssets.

Bank stock as per schedule,
Railroad bonds as per schedule,
Real estate (for banking pur­
poses)..........................................
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Loans on depositors’ books,
Deposits in banks, on interest, .
Cash on hand, .
.
.
.

31, 1889.

L ia b il it ie s .

$756,100 00
352,000 00
70,000
1,750
1,700,599
1,461,263
1,800
74,251
5,805

Deposits, .
Guaranty fund,
Profit and loss ac­
count, .

00
00
50
77
00
33
01

$4,423,569 61

$4,185,503 48
170,000 00
68,066 13

$4,423,569 61

Cash on Deposit in Banks, amount in each : —
Monument National Bank, B o s t o n , .............................................................. $49,874 00
Maverick National Bank, B o ston ,.......................................................................
24,377 33

No. of
Shares.

Detailed Statement o f Bank Stocks.

24
200
159
25
145
250

•
Andover N’l Bank, Andover, .
Atlas National Bank, Boston,
Blackstone N ’l Bank, Boston,
Boston Nat’l Bank. Boston, .
Boylston Nat’l Bank, Boston,
Bnnker Hill N’l Bank, Boston,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Par Value.

$2,400
20,000
15,900
2,500
14,500
25,000

Estimated
Market Value.

$3,120
23,600
17,808
3,050
20,010
47,500

00
00
00
00
00
00

Amount Invested.

$2,400
20,000
15,900
2,500
14,500
25,000

00
00
00
00
00
00

1890.]

103

P U B L IC D O CU M EN T — No. 8

No. of
Shares.

Detailed Statement o f Bank Stocks— Concluded.

227
50
263
500
300
20
150
105
242
370
304
250
86
27
273
224
70
140
99
200
342
267
69
500
185
447
335
150
40
75
75
217
67
127

Par Value.

National City Bank, Boston, .
Columbian N’l Bank, Boston,
N’l B’k of Commerce, Boston,
Continental N’l Bank, Boston,
Eliot National Bank, Boston,.
First National Bank, Boston,.
First Ward N’l Bank, Boston,
Freeman’s N’l Bank, Boston, .
Globe National Bank, Boston,
N’l Hide & Leather B’k, Boston,
Howard Nat’l Bank, Boston, .
Manufacturers’ N’l B’k, Boston,
Market Nat’l Bank, Boston, .
Nat’l Market Bank, Brighton,
Merchandise N’l B’k, Boston,
Metropolitan N’l B’k, Boston,
Monument N’l Bank, Boston,
North National Bank, Boston,
N’l B’k of No. America, Boston,
N’l B’k of Redemption, Boston,
N ’l B’k of the Republic, Boston,
National Revere Bank, Boston,
Shawmut Nat’l Bank, Boston,
Shoe & Leather N’l B’k, Boston,
Suffolk Nat’l Bank, Boston, .
Tremont Nat’l Bank, Boston,.
Nat’l Webster Bank, Boston,.
Home Nat’l Bank, Brockton, .
Conway Nat’l Bank, Conway,
Wachusett N’l B’k, Fitchburg,
Railroad Nat’l Bank, Lowell,
First National Bank, Lynn, .
Blue Hill Nat’l Bank, Milton,
Newton Nat’l Bank, Newton,.

$22,700
5,000
26,300
50,000
30,000
2,000
15,000
10,500
24,200
37,000
30,400
25,000
8,600
2,700
27,300
22,400
7,000
14,000
9,900
20,000
34,200
26,700
6,900
50,000
18,500
44,700
33,500
15,000
4,000
7,500
7,500
21,700
6,700
12,700
$759,900

Estimated
Market Value.

$21,565
6,050
33,664
61,000
39,300
4,840
19,800
10,815
23,716
44,400
33,440
26,250
8,600
2,700
18,837
23,296
15,400
19,460
12,078
26,800
57,114
33,108
8,970
47,000
21,275
50,511
33,500
17,250
4,400
15,000
9,750
28,210
6,901
12,700

Amount Invested.

00
$22,600
00
5,000
00
26,300
00
50,000
00
30,000
00
2,000
00
14,800
10,500
00
00
23,300
00
37,000
00
30,400
00
24,200
00
8,600
00
2,700
00 ' 26,500
00
22,400
00
7,000
00
14,000
9,900
00
00
20,000
00
34,200
00 . 26,700
6,900
00
00
49,500
00
18,500
00
44,700
33,500
00
00
15,000
00
4,000
00
7,500
00
7,500
00
21,700
00
6,700
00
12,200

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
00

$912,788 00 $756,100 00

Detailed Statement o f Railroad Bonds.

Par Value.

Boston & Lowell R.R. 5s,
Boston & Lowell R.R. 4s,
Fitchburg R.R 5s, .
Fitchburg R R. 4s, .
Fitchburg R R. 4is, .
.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

.

.

$25,000
29,000
200,000
40,000
60,000
$354,000

Estimated
Market Value.

$27,500
30,450
214,500
39,050
60,000

00
00
00
00
00

Amount Invested.

$25,000
29,000
200,000
38,000
60,000

00
00
00
00
00

$371,500 00 $352,000 00

104

B A N K CO M M ISSIO N ERS’ R E PO R T.

[Jan.

Total Amount o f Loans with Each Specified Rate o f Interest, including
Deposits in Banks on Interest.

Amount.

$74,251
40.000
80.000
748,800
' 80,000

33
00
00
00
00

Rate.

Amount.

2£ per cent.
4
“
4|
“
H
“

$168,000
1,068,650
50.000
40.000

Rate.

00
00
00
00

4f per cent.
5
“
5|
“
5§
“

Amount.

$552,762
281,150
32,200
22,100

Rate.

50
77
00
00

5)j per cent.
6
6è
“
7

Amount invested in real estate for banking purposes,....................................
Estimated value of the sa m e,................................................................................
Assessed value of the s a m e ,................................................................................
Net income received from same during year ending Oct. 31, 1889,
Value, by books, of other real estate, held by foreclosure or otherwise,
Assessed value of the s a m e , ................................................................................
Number of loans which are of an amount not exceeding S3,000 each,. 457
Aggregate amount of the s a m e , .......................................................................
Total number of loans upon real estate,..................................................... 586
Amount of investments from which no income is received, .
.
.
.
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 3 1 , 1 8 8 9 , ..............................................................
Rate and amount of each semi-annual dividend during the 12J per cent., 5
year ending Oct. 31, 1 8 8 9 , ..................................................... >2 per cent., I
Time for the dividends fixed by the by-laws: third Wednesday in April
and October.
Number of accounts opened during the year ending Oct. 31, 1889,
3,676
Number of accounts closed during the year ending Oct. 31, 1889,.
1,250
Total number of open accounts Oct. 31, 1889,
.
.
.
.
12,108
Expenses of the corporation for the year ending Oct. 31, 1889 (exclusive
of t a x e s ) , ............................................ .............................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 8 8 9 , ........................................................................................
Number of s a m e , ................................................................................12,806
Amount of withdrawals, including dividends, during the year ending Oct.
31, 1889,...................................................................................................................
Number of s a m e , ............................................................................... 7,190
Date of examination by commissioner: September 16.

$70,000
80,700
80,700
5,757
1,750
2,100

00
00
00
39
00
00

713,451 27
8,250 00
215,611 88
90,149 75
79,960 00

7,691 49
932,639 48

618,006 53

Classification o f Deposits received during the Year ending Oct. 3 1 ,1 8 8 9 .
Num­
ber.
O f $50 and less,
Exceeding $50, and not
more than $100, .
Exceeding $100, and not
more than $200, .
Exceeding $200, and not
more than $500, .
Exceeding $500, and less
than $1,000, .
O f $1,000 or more, .


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Num­

Amount.

9,803

$139,162 06

1,307

108,196 84

669

104,391 76

625

227,002 60

196
206

137,858 90
216,027 32

12,806

$932,639 48

ber.
To the credit —
O f women, both adult
and minor,
. • .
O f guardians,
O f religious and chari­
table associations, .
In trust, .
.
.
.

Amount.

6,354
22

$439,285 62
11,062 71

119
516

13,467 55
87,681 82

P U B L IC D O CU M EN T — No. 8.

1890.]

Co m m o n w ea lth
Su ffo lk ,

of

105

M assach u setts.
B oston , N o v . 20, 1889.

ss.

Personally appeared Amos Stone, Treasurer of the Charlestown Five Cents Savings
Bank, and made oath that the foregoing statement, by him subscribed, is a true and cor­
rect statement of all the resources and liabilities of said institution, and that the answers
made by him to the foregoing interrogatories contain the whole truth in reference to the
matters to which they relate, according to his best knowledge and belief.
Before me,
Suffolk,

G e o . H. P e n d e r g a s t , Justice o f the Peace.

B oston , N ov. 20, 1889.

ss .

Personally appeared P. J. Stone, President, and Warren Sanger, B. F. Stacey,
E. B. Stetson, Geo. S. Pendergast, A. W . Storer, Sam’l D. Sawin and George M. Starbird,
trustees of said corporation, and severally made oath that the annexed report is correct,
according to their best knowledge and belief.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Before me,

G eo . H. P e n d e k g a s t , Justice o f the Peace.

106

B A N K CO M M ISSIO N E R S’ REPORT,

[Jan

C H E L SE A S A V IN G S B A N K — CH ELSE A.

Incorporated 1854.

Present number of corporators, 135.
A l b e r t A. F i c k e t t , Treasurer.

O t is H i n m a n , President.

E l i z a b e t h A. F e l l o w s , Clerk o f the Corporation.

Names of committee charged with the investment of its funds:
O t is H i n m a n ,

Jo h n T . H a d a w a y ,

H o r a t io B . H e r s e y ,

E b e n H u t c h in s o n ,

A l o n z o C. T e n n e y .

Open for business every business day, 8 a . m . to 1 p . m . ; also Saturday, 4 to 8 p .m .

Balance

Sh e e t , O c to b er

A ssets.

Public funds as per schedule, .
Bank stock as per schedule,
Loans on bank stock,
Railroad bonds as per schedule,
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
( n o t e s ) ,....................................
Deposits in banks, on interest, .
Expense account,
Premium account,
Cash on hand, .
.
.
.

31, 1889.

L ia b il it ie s .

$366,200 00
103,750 00
4,000 00

Deposits, .
Guaranty fund,
Interest account,
Profit and loss ac­
count, .

100,000 00

2,635 31
1,227,251 50
400,066 22
37,000
47,438
2,733
18,528
3,059

$2,200,771 30
73,621 67
8,874 19
29,395 21

00
10
32
51
41

$2,312,662 37

$2,312,662 37

Cash on Deposit in Banks, amount in each : —
First National Bank, Chelsea,
.
Commercial National Bank, Boston,

.

.

.

$18,632 34
28,805 76

Loans on Bank Stock, amount on each : —
On 35 shares First National Bank, Chelsea, .
On 12 shares Commercial National Bank, Boston,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$3,000 00
1,000 00

1890.]

107

PU B LIC DO CU M EN T — No. 8

Detailed Statement o f Public Funds.

Par Value.

City of Boston, Mass., 6s,
of Charlestown, Mass., 6s,
of Chelsea, Mass., 6s,
of Cambridge, Mass., 6s, .
Town of Brookline, Mass., 5s, .
of Danvers, Mass , 5s, .
of Everett, Mass , 6s, .
City of East Saginaw, Mich., 5s,
of Fitchburg, Mass , 6s, .
of Fall River, Mass., 6s, .
of Grand Rapids, Mich., 4s,
of Gardiner, Me., 5s,
of Hartford, Conn , 6s, .
of Keene, N. IF, 4s, .
of Lowell. Mass , 4s,
of Lawrence, Mass., 6s, .
of Lynn, Mass., 6s, .
of Lewiston, Me., 5s,
of Lewiston, Me , 4s,
State of New Hampshire 6s, .
Town of Norwalk, Conn., 4s, .
City of Providence, R. I., 4is, .
of Peoria, 111., 4£s, .
of Taunton, Mass., 6s,
of Worcester, Mass., 6s, .
of Worcester, Mass., 4is,
Town of Woburn,- Mass , 6s, .
of Wallingford, Conn., 4s,
of Westminster, Vt., 4s,
of Winthrop, Mass., 5 s ,.

.

$44,000
8,000
12,000
15,000
5,000
2,000
1,000
18,500
2,000
5,000
5,000
6,000
1,000
20,000
24,000
86,000
6,000
16,000
10,000
9,200
31,000
15,000
15,000
2,000
1,000
20,000
5,000
17,000
3,500
11,000
$366,200

Estimated
Market Value.

$53,445
8,280
13,350
16,650
5,650
2,360
1,055
20,350
2,160
6,495
5,115
7,050
1,080
21,225
24,128
45,500
6,870
18,880
10,250
11,608
31,155
16,350
15,750
2,300
1,055
22,600
5,375
17,510
3,535
12,760

00
00
00
00
00
00
00
00
00
00
00
00
00
00
75
00
00
00
00
50
00
00
00
00
00
00
00
00
00
00

Amount Invested.

$44,000
8,000
12,000
15,000
5,000
2,000
1,000
18,500
2,000
5,000
5,000
6,000
1,000
20,000
24,000
36,000
6,000
16,000
10,000
9,200
31,000
15,000
15,000
2,000
1,000
20,000
5,000
17,000
3,500
11,000

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

$409,892 25 $366,200 00

No. of

Shares.

Detailed Statement o f Bank Stocks.

15
36
27
40
52
43
20
14
15
63

Par Value.

North Nat’l Bank, Boston,
Howard Nat’l Bank, Boston, .
Massachusetts N’l B’k, Boston,
Continental N’l B’k, Boston, .
N'l B’k of Commerce, Boston,
Shawmut Nat’l Bank, Boston,
Boston Nat’l Bank, Boston, .
N’l Exchange Bank, Boston, .
N’l B’k of No. America, Boston,
Nat’l Webster Bank, Boston,.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$1,500
3,600
6,750
4,000
5,200
4,300
2,000
1,400
1,500
6,300

Estimated
Market Value.

$2,085
3,960
7,382
4,900
6,656
5,461
2,440
1,785
1,830
6,300

00
00
78
00
00
00
00
00
00
00

Amount Invested.

$1,500
3,600
6,750
4,000
5,200
4,300
2,000
1,400
1,500
6,300

00
00
00
00
00
00
00
00
00
00

B A N K COM M ISSIO N ERS’ R E PO R T.

108

[Jan.

m

No. of
Shares.

Detailed Statement o f Bank Stocks — Concluded.

25
86
28
7
43
20
100
6
40
38
50
63
30
50
16
45
5
20

Par Value.

Boylston Nat’l Bank, Boston,
Atlas National Bank, Boston,
State National Bank, Boston,
Suffolk Nat’l Bank, Boston, .
National City Bank, Boston, .
National Eagle Bank, Boston,
N’l B’k of the Republic, Boston,
Market Natl Bank, Boston, .
Atlantic Natl Bank, Boston, .
Everett Natl Bank, Boston, .
Third N atl Bank, Boston,
N’l B’k of Redemption, Boston,
Tremont N atl Bank, Boston,
Commercial N’l B’k, Boston,.
Merchants’ N’l Bank, Boston,
Railroad Natl Bank, Lowell,
Nat’l Exchange Bank, Salem,
First N’l B’k^So. Weymouth,

$2,500
8,600
2,800
700
4,300
2,000
10,000
600
4,000
3,800
5,000
6,300
3,000
5,000
1,600
4,500
500
2,000

Estimated
Market Value.

$3,450
10,169
3,388
805
4,085
2,060
16,500
588
5,700
3,876
5,225
8,473
3,405
5,000
2,328
5,895
585
2,520

00
50
00
00
00
00
00
00
00
00
00
50
00
00
00
00
00
00

Amount Invested.

$2,500
8,600
2,800
700
4,300
2,000
10,000
600
4,000
3,800
5,000
6,300
3,000
5,000
1,600
4,500
500
2,000

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

$103,750 $126,852 78 $103,750 00

Detailed Statement o f Railroad Bonds.
—

Par Value.

Salem & Lowell R.R. 6s, .
Fitchburg R.R. 4^s, .
.
.
.
Fitchburg R.R. 5s, .
Old Colony R.R. 4 s ,.
Boston & Providence R.R. 4s, .

$10,000
20,000
10,000
15.000
45.000

Estimated
Market Value.

$11,600
20,000
10,800
16,350
48,600

00
00
00
00
00

$100,000 $107,350 00

Amount Invested.

$10,000
20,000
10,000
15.000
45.000

00
00
00
00
00

$100,000 00

Total Amount o f Loans with Each Specified Rate o f Interest, including
Deposits in Banks on Interest.

ltate.

Amount.

Kate.

0 per cent.
2è
“
4
“

$15,000 00
221,000 00
130,000 00

4| per cent.
4è
“
4|
“

Amount.

$866 22
47,438 10
37,000 00


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Amount.

$556,100 00
246,606 50
461,745 00

Kate.

5 per cent.
5è
“
6
“

109

P U B L IC D O CU M EN T — No. 8.

1890.]

Value, by books, of real estate, held by foreclosure or otherwise,
Assessed value of thè same, .
...............................................................
Number of loans which are of an amount not exceeding $3,000 each, . 465
Aggregate amount of the s a m e , .......................................................................
Total number of loans upon real estate,.....................................................541
Amount of investments from which no income is received, .
.
.
.
Gross amount of interest or profits received or earned, as per books, during
year ending Oct. 31, 1 8 8 9 , ...............................................................................
Rate and amount of each semi-annual dividend during the 1 2 per cent., f
year ending Oct. 31, 1 8 8 9 , .....................................................) 2 per cent., 1
Times for the dividends fixed by the by-laws : second Wednesday in April

$2,635 31
5,100 00
653,722 00

866 22
112,072 02
38,731 35
39,897 66

and October.
Number of accounts opened during the year ending Oct. 31, 1889,
1,703
Number of accounts closed during the year ending Oct. 31, 1889,
1,021
Total number of open accounts Oct. 31, 1889,
.
.
.
.
10,529
Expenses of the corporation for the year ending Oct. 31, 1889 (exclusive of
t a x e s ) ,..................................................................................................................
Amount of deposits, not including dividends, received during the year ending Oct. 31, 1 8 8 9 ,.................................................................................................
Number of s a m e , ............................................................................... 16,489
Amount of withdrawals, including dividends, during the year ending Oct.
31, 1889.....................................................................................................................
Number of s a m e , ............................................................................... 9,438
Date of examination by commissioner: February 14.

6,494 00
659,520 38

606,311 52

Classification o f Deposits received during the Year ending Oct. 3 1 ,1 8 8 9 .
Num­

Amount.

ber.
O f $50 and less,
Exceeding $50, and
more than $100, .
Exceeding $100, and
more than $200, .
Exceeding $200, and
more than $500, .
Exceeding $500, and
than $1,000, .
O f $1,000 or more, .

14,024

$193,829 04

1,303

106,484 61

575

86,753 70

428

146,876 34

106
53

72,576 69
53,000 00

16,489

$659,520 38

not
not
not

Num­
ber.

Amount.

7,266
21

$293,650 65
3,575 65

283
597

23,333 23
65,507 05

To the credit —
Of women, both adult
and minor,
Of guardians,
Of religious and chari­
table associations, .
In trust................................

less

Co m m o n w e a l t h o r M a s s a c h u s e t t s .
Suffolk

ss.

Ch

elsea

, N^o v .

13, 1889.

Personally appeared Albert A. Fickett, Treasurer of the Chelsea Savings Bank, and
made oath that the foregoing statement, by him subscribed, is a true and correct state­
ment of all the resources and liabilities of said institution, and that the answers made by
him to the foregoing interrogatories contain the whole truth in reference to the matters
to which they relate, according to his best knowledge and belief.
Before me,

C.

W

il l is

G

ould

,

Justice o f the Peace.

S u ff o lk ,

ss .,

N ov . 13, 1889.

Personally appeared Otis Hinman, President, and H. B. Hersey, Eben Hutchinson,
A. C. Tenney, J. T. Hadaway and Samuel Orcutt, trustees of said corporation, and sev­
erally made oath that the annexed report is correct, according to their best knowledge
and belief.
Before me,
C. W i l l i s G o u l d , Justice o f the Peace.


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Federal Reserve Bank of St. Louis

110

[Jan.

B A N K CO M M ISSIO N E R S’ R E PO R T.

CH ICOPEE S A V IN G S B A N K - CH ICOPEE.

Incorporated 1845.
J o h n B. W

o od ,

Present number of corporators, 48.

President.
L uther W

h it e ,

H. H. H a r r i s , Treasurer.
Clerk o f the Corporation.

Names of committee charged with the investment of its funds :
J o h n B. W o od ,
L. M. F e r r y ,

J. A . C a r t e r ,
G e o . W . G ib s o n .

Open for business every business day, 9 a . m . to 3

B a l a n c e Sh e e t , O cto b er

31, 1889.

L ia b il it ie s .

A ssets.

Bank stock as per schedule,
Loans on bank stock,
Railroad bonds as per schedule,
Loan on railroad stocks, .
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
(n o te s ),....................................
Deposits in banks, on interest, .
Deposits in banks, not on interest,
Cash on hand................................

p m.

$26,420
2,400
82,000
5,000
487,888
72,438

00
00
00
00
36
00

13,800
38,000
2,774
6,809

00
00
02
64

$704,224 05
26,800 00

Deposits, .
Guaranty fund,
Profit and loss ac­
count, .

6,505 97

$737,530 02

$737,530 02

Cash on Deposit in Banks, amount in each : —
City National Bank, Springfield,......................................................
First National Bank, Springfield,......................................................
Home National Bank, H o ly o k e ,......................................................
Hampshire County National Bank, Northampton,
First National Bank, C h ic o p e e ,......................................................

.

$10,000
15,000
5,000
8,000
2,774

00
00
00
00
02

Loans on Bank Stock, amount on each : —
On 5 shares City National Bank, Springfield,
.
.
.
.
On 2 shares First National Bank, Chicopee.......................................
On 20 shares Third National Bank, Springfield, .
.
.
.

$500 00
100 00
1,800 00

Loan on Railroad Stock : —
On 51 shares Boston & Albany R a i l r o a d , ....................................


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$5,000 00

1890.]

PU B L IC D O CU M EN T — No. 8.

I ll

No. of

Shares.

Detailed Statement o f Bank Stocks.

10
12
100
66
65

Par Value.

N’l B’k of Redemption, Boston,
Maverick Nat’l Bank, Boston,
First N atl Bank, Chicopee, .
Chapin N’l Bank, Springfield,
City N atl Bank, Springfield,

$1,000
1,200
10,000
6,600
6,500
$25,300

Estimated
Market Value.

$1,200
2,400
13,000
8,250
7,800

Amount Invested.

$1,000
1,200
10,000
6,600
7,620

00
00
00
00
00

00
00
00
00
00

$26,420 00

$32,650 00

Detailed Statement o f Railroad Bonds.

Par Value.

Boston & Albany R.R. 6s,
Boston & Albany R.R. 7s,
Boston & Providence R.R. 4 s,.
Boston & Lowell R.R. 4s,
Boston & Lowell R.R. 4^s,
Boston, Clinton, Fitchburg & New
Bedford R.R. 5s, .
Boston, Revere Beach & Lynn R.R. 6s,
Boston, Winthrop & Shore R.R. 5s,
Fitchburg R.R. 4|s, .
.
.
.
Old Colony R.R. 6s,.
i

Estimated
Market Value.

Amount Invested.

$10,000
2,000
10,000
6,000
4.000

$10,600
2.120
10,000
6,000
4,000

00
00
00
00
00

$10,000
2,000
10,000
6,000
4.000

00
00
00
00
00

10,000
10,000
15.000
10.000
5.000

10,400
10,600
15,750
10,000
5,500

00
00
00
00
00

10,000
10,000
15.000
10.000
5.000

00
00
00
00
00

$82,000

$84,970 00

$82,000 00

Total Amount o f Loans with Each Specified Rate o f Interest, including
Deposits in Banks on Interest.

Amount.

$38,000 00
128,550 00

Kate.

4 per cent.
4*
“

Amount.

$18,000 00
431,826 36

Rate.

4| per cent.
5

Amount.

$3,150 00

Kate.

6 per cent.

Number of loans which are of an amount not exceeding $3,000 each, 189
Aggregate amount of the s a m e , ........................................................................$198,178 36
Total number of loans upon real e s t a t e , ............................................. 223
Gross amount of interest or profits received or earned, as per books, dur­
35,260 80
ing year ending Oct. 31, 1889,
........................................................................


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Federal Reserve Bank of St. Louis

112

B A N K CO M M ISSIO N ERS’ REPORT,

[Jan.

Rate and amount of each semi-annual dividend during the ] 2 per cent., f $12,693 96
year ending Oct. 31, 1889.......................................................... J 2 per cent., 1
13,177 81
Times for the dividends fixed by the by-laws : January 1 and July 1.
Number of accounts opened during the year ending Oct. 31, 1889,
. 329
Number of accounts closed during the year ending Oct. 31, 1889,
. 249
Total number of open accounts Oct. 31, 1889,
.
.
.
.
1,851
Expenses of the corporation for the year ending Oct. 31, 1889 (exclusive of
t a x e s ),...................................................................................................................
3,539 72
Amount of deposits, not including dividends, received during the year end­
ing Oct. 31, 1 88 9 ,..................................................................................................
138,401 27
Number of s a m e , ................................................................................ 2,096
Amount of withdrawals, including dividends, during the year ending Oct.
31, 1 8 8 9 , ..........................................................................................................
120,896 26
Number of s a m e , ................................................................................1,373
Date of examination by commissioner: November 18.

Classification o f Deposits received during the Year ending Oct. 3 1 ,1 8 8 9 .
Num­
ber.
O f $50 and less,
Exceeding $50, and
more than $100, .
Exceeding $100, and
more than $200, .
Exceeding $200, and
more than $500, .
Exceeding $500, and
than $1,000, .
Of $1,000 or more, .

Num­

Amount.

1,548

$32,527 93

298

25,156 13

130

21,200 80

85

28,755 14

19
16

13,843 00
16,918 27

2,096

$138,401 27

ber.
To the credit —
O f women, both adult
and minor,
Of guardians,
O f religious and charitable associations, .
In trust, .
.
.
.

not
not
not
less

Com m onw ealth

Amount.

772
9

$54,501 30
363 25

17
20

66 00
2,720 94

•

op

M assach u setts.
H am pden,

ss .,

N ov. 2, 1889.

Personally appeared H. II. Harris, Treasurer of the Chicopee Savings Bank, and
made oath that the foregoing statement, by him subscribed, is a true and correct state­
ment of all the resources and liabilities of said institution, and that the answers made by
him to the foregoing interrogatories contain the whole truth in reference to the matters
to which they relate, according to his best knowledge and belief.
Before me,

W . W . M c C l e n c h , Justice o f the Peace.

H am pden,

ss .,

Nov. 2, 1889.

Personally appeared John B. Wood, President, and Geo. W . Gibson, L. M. Ferry, F.
B. Doten, E. Gaylord and Luther White, trustees of said corporation, and severally
made oath that the annexed report is correct, according to their best knowledge and
belief.
Before me,
W . W . M c C l e n c h , Justice o f the Peace.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

113

P U B L IC D O CU M EN T — No. 8.

1890.]

CH ICOPEE F A L L S SA V IN G S B A N K — CH ICOPEE F A L L S .
Incorporated 1871.

Present number of corporators, 41.

G e o r g e S. T a y l o r , President.
H e n r y J. B o y d , Treasurer.
H e n r y J. B o y d , Clerk o f the Corporation.

Names of committee charged with the investment of its funds :
N o r r is R . W o od ,
ASios W . P a g e ,

H . S. N e w e l l ,
G e o . M. M o r t o n .

Open for business every business day, 7 to I I ’ a . m ., 1 to 4 e . m , 6 to 7 e . m .
B a l a n c e Sh e e t , O c to b er

A ssets.

Bank stock as per schedule,
Loans on real estate, .
Loans on personal security,
Deposits in banks, on interest,
Deposits in banks, not on interest,
Expense account,
Cash on hand................................

31, 1889.

L ia b il it ie s .

$26,525
150,920
37,880
5,000
2,400
18
246

00
33
00
00
90
37
09

Deposits, .
Guaranty fund,
Interest account,'
Profit and loss ac­
count, .

$222,990 69

$215,335 15
3,639 46
147 51
3,868 57

$222,990 69

Cash on Deposit in Banks, amount in each : —
Chicopee National Bank, S p rin gfield ,..............................................................$6,724 52
City National Bank, S p rin gfield ,.......................................................................
676 38

No. of

Shares.

Detailed Statement o f Bank Stocks.

10
50
13
20
40
20
16
25
10

Par Value.

First Nat’l Bank, Chicopee, .
City Nat’l Bank, Springfield,
Palmer Nat’l Bank, Palmer, .
Hadley Falls N’l B’k, Holyoke,
Chapin N’l Bank, Springfield,
First Nat’l Bank, Springfield,
F ranklin County N ational
Bank, Greenfield,
Chicopee N’l B’k, Springfield,
First N’l Bank, Easthampton,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$1,000
5,000
1,300
2,000
4,000
2,000

Estimated
Market Value.

$1,500
6,500
1,300
3,200
4,930
3,300

00
00
00
00
00
00

Amount Invested.

$1,500
5,000
1,300
3,410
4,930
3,300

00
00
00
00
00
00

1,600
2,500
1,000

1,600 00
4,000 00
1,485 00

1,600 00
4,000 00
1,485 00

$20,400

$27,815 00

$26,525 00

114

B A N K COM M ISSIO N ERS’ R E P O R T .

[Jan.

Total Amount o f Loans with Each Specified Rate o f Interest, including
Deposits in Banks on Interest.

Amount.

$5,000 00

Kate.

Amount.

Rate.

Amount.

Rate.

4 per cent.

$188,800 33

5 per cent.

-

-

Number of loans which are of an amount not exceeding $3,000 each,. 139
Aggregate amount of the s a m e , ...................................................................... $162,185
Total number of loans upon real estate,.....................................................110
Gross amount of interest or profits received or earned, as per books, during
year ending Oct. 31, 1889......................................................................................
10,230
Hate and amount of each semi-annual dividend during the 1 2 per cent., f
3,885
year ending Oct. 31, 1 8 8 9 , ..................................................... } 2 per cent, 1
3,794
Times for the dividends fixed by the by-laws: January 1 and July 1.
Number of accounts opened during the year ending Oct. 31, 1889,
. 192
Number of accounts closed during the year ending Oct. 31, 1889,
. 140
Total number of open accounts Oct. 31, 1 8 8 9 , ................................... 895
Expenses of the corporation for the year ending Oct. 31, 1889 (exclusive
of taxes),
..........................................................................................................
763
Amount of deposits, not including dividends, received during the year end­
ing Oct. 31, 1 8 8 9 ,.................................................................................................
68,852
Number of s a m e , ............................................................................... 1,428
Amount of withdrawals, including dividends, during the year ending Oct.
31, 1889.....................................................................................................................
66,497
Number of s a m e , ....................................................................................... 784
Date of examination by commissioner: January 18.

33

62
39
78

56

20

34

Classification o f Deposits received during the Year ending Oct. 3 1 ,1 8 8 9 .
dum­
ber.
O f $50 and less,
Exceeding $50, and
more than $100, .
Exceeding $100, and
more, than $200, .
Exceeding $200, and
more than $500, .
Exceeding $500, and
than $1,000, .
O f $1,000 or more, .


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

1,198

$20,208 30

123

9,985 84

51

7,657 99

33

10,805 88

8
15

4,931 62
15,262 57

1,428

$68,852 20

not
not
not
less
.

Num-

Amount.

ber.
To the credit —
Of women, both adult
and minor,
O f guardians,
O f religious and charitable associations, .
In trust................................

Amount.

394
3

$25,904 20
691 30

23
6

2,568 81
1,313 22

1890.]

P U B L IC D O CU M EN T — No. 8.

C omm onw ealth

of

115

M a s sa c h u s e t t s .
H am pden,

ss .,

N ov . 18, 1889.

Personally appeared Henry J. Boyd, Treasurer of the Chicopee Falls Savings Bank,
and made oath that the foregoing statement, by him subscribed, is a true and correct
statement of all the resources and liabilities of said institution, and that the answers made
by him to the foregoing interrogatories contain the whole truth in reference to the
matters to which they relate, according to his best knowledge and belief.
Before me,

T h o m a s C . P a g e , Justice o f the Peace.

H am pden,

ss .,

N o v . 18, 1889.

Personally appeared Geo. S. Taylor, President, and Amos W . Page, H. S. Newell, A.
B . Martin, Geo. W . Bray and A. Desotell, trustees of said corporation, and severally
made oath that the annexed report is correct, according to their best knowledge and
belief.
Before me,
T h o m a s C. P a g e , Justice o f the Peace.


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Federal Reserve Bank of St. Louis

116

B A N K CO M M ISSIO N ERS’ R E PO R T

[Jan.

C IT IZ E N S ’ S A V IN G S B A N K — P A L L R IV E R .
Incorporated 1851.

Present number of corporators, 55.

J ohn C. M i l n e , President.
E. E . H a t h a w a y , Treasurer.
H e n r y H . E a r l e , Clerk o f the Corporation.

Names of committee charged with the investment of its funds :
W e a v e r Osborn ,
J o h n C. M i l n e ,
L l o y d S. E a r l e ,
S. W . H a t h a w a y ,
M . G. B. Sw if t .

Open for business every business day, 9

B a l a n c e Sh e e t , O c t o b e r

A ssets.

Bank stock as per schedule,
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Deposits in banks, on interest, .
Expense account,
Cash on hand, .
.
.
.

a .m .

to 1

p .m .

31, 1889.

L ia b il it ie s .

$316,919
26,755
1,859,469
765,169
197,643
2,321
551

00
94
82
63
45
61
15

Deposits, .
Guaranty fund,
Discount account,
Suspense account,

.

$3,168,830 60

$2,932,966
92,291
127,813
15,759

18
56
50
36

$3,168,830 60

Cash on Deposit in Banks, amount in each : —
First National Bank, Boston, .
.
.
.
National Bank of Redemption, Boston,
National Bank of the Republic, Boston,
Pocasset National Bank, Fall River,

$40,510
41,003
50,416
65,712

89
17
77
62

No. of

Shares.

Detailed Statement o f Bank Stocks.

14
6
93
250
140
54
50
77

Par Value.

Boston Nat’l Bank, Boston, .
Continental N’l Bank, Boston,
Eliot National Bank, Boston,
First National Bank, Boston,
Howard Nat’l Bank, Boston,
Maverick Nat’l Bank, Boston,
Merchants’ N’l Bank, Boston,
N’l B’k of Commerce, Boston,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$1,400
600
9,300
25,000
14,000
5,400
5,000
7,700

Estimated
Market Value.

$1,708
726
12,090
60,500
15,400
12,420
7,100
9,779

00
00
00
00
00
00
00
00

Amount Invested.

$1,400
600
9,300
25,000
14,000
4,779
5,000
7,700

00
00
00
00
00
00
00
00

117

P U B L IC D O C U M E N T — No. 8.

1890.]

No. of

Shares.

Detailed Statement o f Bank Stocks — Concluded.

128
25
225
281
35
51
25
88
157
92
297
110
800
180
13

Par Value.

N’l B’k of Redemption, Boston,
N’l B’kof the Republic, Boston,
N’l Hide & Leather B’k,Boston,
National Revere Bank, Boston,
Shawmut Nat’l Bank, Boston,
State National Bank, Boston,
Suffolk National Bank, Boston,
Washington N’l B’k, Boston,
Fall River N’l B’k, Fall River,
Massasoit N’l Bank,Fall River,
Metacomet N’l B’k, Fall River,
Nat’l Union Bank, Fall River,
Pocassett N’l B’k, Fall River,
Second N’l Bank, Fall River,
Railroad Nat’l Bank, Lowell,

$12,800
2,500
22,500
28,100
3,500
5,100
2,500
8,800
15,700
9,200
29,700
11,000
80,000
18,000
1,300

Estimated
Market Value.

$17,152
4,175
27,000
34,844
4,515
6,171
2,875
11,000
17,270
16,560
38,610
11,000
104,000
27,000
1,690

Amount Invested.

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

$12,800 00
2,500 00
22,500 00
28,100 00
3,500 00
5,100 00
2,500 00
8,800 00
14,312 50
9,200 00
29,700 00
11,000 00
80,000 00
18,000 00
1,127 50

$319,100 $443,585 00 $316,919 00

Total Amount o f Loans with Each Specified Rate o f Interest, including
Deposits in Banks on Interest.

Kate.

Amount.

Kate.

Amount.

Rate.

2 per cent.
2è
“
4
“

$150,000 00
15,000 00
1,313,263 03

4| per cent.
4|
5

$995,568 42
72,808 00

5£ per cent.

Amount.

$147,226 68
50,416 77
78,000 00

6

“

$26,755 94
Value, by books, of real estate, held by foreclosure or otherwise,
31,275 00
Assessed value of the s a m e ,................................................................................
2,544 64
Net income received from same during year ending Oct. 31, 1889,
Number of loans which are of an amount not exceeding $3,000 each, 499
674,018 22
Aggregate amount of the s a m e , .......................................................................
Total number of loans upon real estate,
.
•
•
•
• 077
Gross amount of interest or profits received or earned, as per books, during
180,487 31
year ending Oct. 31, 1 8 8 9 , ........................................................................
Rate and amount of each semi-annual dividend during the J2£ per cent., $ 72,883 79
63,633 75
year ending Oct. 31, 1889...........................................................>2^ per cent., (
Times for the dividends fixed by the by-laws : second Monday in June and
December.
Number of accounts opened during the year ending Oct. 31, 1889,
1,067
Number of accounts closed during the year ending Oct. 31, 1889,
1,115
Total number of open accounts Oct. 31,1889,
.
.
.
.
5,225
Expenses of the corporation for the year ending Oct. 31, 1889 (exclusive
8,553 76
of taxes),
...........................................................................................................


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

118

B A N K COM M ISSIO N ERS’ R E P O R T .

[Jan.

Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 8 8 9 , .........................................................................................$453,455 93
Number of s a m e , ................................................................................4,034
Amount of withdrawals, including dividends, during the year ending Oct.
31,1889.....................................................................................................................
655,251 12
Number of s a m e , ................................................................................ 4,395
Date of examination by commissioner: August 20.

Classification of Deposits received during the Year ending Oct. 8 1 ,1 8 8 9 .
•
Num­
ber.
O f $50 and less,
Exceeding $50, and
more than $100, .
Exceeding $100, and
more than $200, .
Exceeding $200, and
more than $500, .
Exceeding $500, and
than $1,000, .
O f $1,000 or more, .

Num­

Amount.

2,565

$56,279 12

661

55,321 46

320

51,054 68

278

96,808 03

95
115

68,972 53
125,020 11

4,034

$453,455 93

not
not
not

ber.
To the credit —
O f women, both adult
and minor,
O f guardians,
O f religious and char­
itable associations, .
In trust, .
.
.
.

Amount.

1,528
5

$168,552 64
1,174 12

67
341

8,037 07
98,459 22

less

C o m m o n w e a l t h of M a s s a c h u s e t t s .
B r is t o l , s s ., N o v . 15, 1889.

Personally appeared E. E. Hathaway, Treasurer of the Citizens’ Savings Bank, and
made oath that the foregoing statement, by him subscribed, is a true and correct state­
ment of all the resources and liabilities of said institution, and that the answers made
by him to the foregoing interrogatories contain the whole truth in reference to the
matters to which they relate, according to his best knowledge and belief.
Before me,

D a v i d F. S l a d e , Justice o f the Peace.

B r is t o l , s s ., N ov . 15, 1889.

Personally appeared John C. Milne, President, and M. G. B. Swift, Weaver Osborn,
Lloyd S. Earle, J. W . Henry, H. H. Earle and S. W . Hathaway, trustees of said cor­
poration, and severally made oath that the annexed report is correct, according to their
best knowledge and belief.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Before me,

D a v i d F. S l a d e , Justice o f the Peace.

1890.]

119

P U B L IC D O CU M ENT — No

C IT Y F IV E CENTS S A V IN G S B A N K — H A V E R H IL L .

Incorporated 1870.

Present number of corporators, 45.

J o h n B . N ic h o l s , President.

G e o . W . N o y e s , Treasurer.

G e o . W . N o y e s , Clerk o f the Corporation.

Names of committee charged with the investment of its funds:
J o h n B . N ic h o l s ,

C. W . Ch ase,

Jo h n E . G a l e ,

Ib a 0 . Sa w y e e ,
Levi Tayloe.

Open for business every business day, except Saturday, 9
Saturday, 9 a . m . to 12 m .

B alance Sheet , October

to 12 m ., 2 to 3 p . m . ;

31, 1889.

A ssets.

Public funds as per schedule, .
Bank stock as per schedule,
Loans on bank stock, .
Railroad bonds as per schedule,
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
(notes)........................................
Deposit in bank, on interest,
Expense account,
Premium account,
Taxes paid,
.
.
.
.

a .m .

L ia b il it ie s .

$26,000
41,755
9,725
108,000
25,022
558,283
263,096

00
25
00
00
43
90
38

26,800
23,893
1,173
1,912
1,021

00
36
99
50
54

$1,086,684 35

Deposits, .
Guaranty fund,
Interest account,
Profit and loss ac­
count,
Rent account, .

$1,014,480 47
32,625 00
19,890 80
19,295 59
392 49

f

$1,086,684 35

Cash on Deposit in Bank : —
First National Bank, Haverhill.............................................................................. $ 23,893 36
Loans on Bank Stock, amount on each : —
On 3 shares First National Bank, H a v e r h i l l , ........................................................$300
On 2 shares First National Bank, H a v e r h i l l , ............................................
100
On 5 shares Second National Bank, H a v e r h i l l ,............................................
400
On 15 shares Second National Bank, H a v e rh ill,............................................
1,425
On 78 shares Second National Bank, H averh ill,.............................................
7,500


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Federal Reserve Bank of St. Louis

00
00
00
00
00

120

B A N K CO M M ISSIO N ERS’ R E P O R T .

[Jan.

Detailed Statement of Public Funds.

Par Value.

City of Grand Rapids, Mich., 5s,
of Lawrence, Mass., 6s, .

$16,000
10,000
€
$26,000

Estimated
Market Value.

Amount Invested.

$16,400 00
10,050 00

$16,000 00
10,000 00

$26,450 00

$26,000 00

No. of

Shares.

Detailed Statement o f Bank Stocks.

Par Value.

74 Continental N’l Bank, Boston,
12 Massachusetts N’l B’k, Boston,
25 Merchants’ N’l Bank, Boston,
9 N’l B’k of Commerce, Boston,
30 Tremont Nat’l Bank, Boston,.
194 First Nat’l Bank, Haverhill, .
9 Haverhill N’l B’k, Haverhill,
5 Merrimack N’l B’k, Haverhill,

$7,400
3,000
2,500
900
3,000
19,400
900
500
$37,600

Estimated
Market Value.

$9,065
3,281
3,637
1,152
3,405
29,100
1,440
800

00
00
00
00
00
00
00
00

$51,880 00

Amount Invested.

$9,247
3,660
3,173
900
3,783
19,400
900
690

75
00
75
00
75
00
00
00

$41,755 25

Detailed Statement o f Railroad Bonds.

Par Value.

Boston & Maine R.R. 7s,.
Fitchburg R.R. 4s, .
Fitchburg R.R. 5s, .
Leeds &. Farmington R.R. 6s, .
Old Colony R.R. 6s,.
Old Colony R.R. 7s,.

$50,000
5,000
20,000
10,000
10,000
13,000

Estimated
Market Value.

$56,000
4,800
21,600
11,250
11,300
14,722

00
00
00
00
00
00

Amount Invested.

$50,000
5,000
20,000
10,000
10,000
13,000

00
00
00
00
00
00

$108,000 $119,672 00 $108,000 00
Total Amount o f Loans with Each Specified Rate o f Interest, including
Deposits in Banks on Interest.
Amount.
$23,893
41,911
56,000
42,500

36
90
00
00

Rate.

Amount.

Kate.

2 per cent.
4
“
4i
“
4è
“

$7,800 00
451,821 38
91,547 00

4| per cent.
5
“
5è
“


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Amount.
$159,200 00
5,625 00
1,500 00

Rate.
6 per cent.
7
8

1890.]

121

P U B L IC D O CU M EN T — No. 8.

$25,022 43
Value, by books, of real estate, held by foreclosure or otherwise,
16,800 00
Assessed value of the s a m e , ..................................................... ........
723 76
Net income received from same during year ending Oct. 31, 1889,
Number of loans which are of an amount not exceeding $3,000 each, . 184
238,603 38
Aggregate amount of the s a m e , .......................................................................
Total number of loans upon real e s t a t e , .............................................207
Gross amount of interest or profits received or earned,'as per books, during
53,615 00
year ending Oct. 31, 1 8 8 9 , ................................................................................
Rate and amount of each semi-annual dividend during the | 2£ per cent., J 22,007 47
18,214 96
year ending Oct. 31, 1 8 8 9 ,..................................................... * 2 per cent., 1
Times for the dividends fixed by the by-laws : June 1 and December 1.
Number of accounts opened during the year ending Oct. 31, 1889,
. 811
Number of accounts closed during the year ending Oct. 31, 1889,
. 611
Total number of open accounts Oct. 31, 1889,
.
.
.
.
4,568
Expenses of the corporation for the year ending Oct. 31, 1889 (exclusive of
2,726 99
t a x e s ) ,...................................................................................................................
Amount of deposits, not including dividends, received during the year end­
230,527 76
ing Oct. 31, 1 8 8 9 ,.................................................................................................
Number of s a m e , ................................................................................ 4,108
Amount of withdrawals, including dividends-, during the year ending Oct.
186,548 74
31, 1 8 8 9 , ..........................................................................................................
Number of s a m e , ................................................................................2,595
Date of examination by commissioner: August 27.

Classification o f Deposits received during the Year ending Oct. 3 1 ,1 8 8 9 .
Num­
ber.
O f $50 and less,
Exceeding $50, and
more than $100, .
Exceeding $100, and
more than $200, .
Exceeding $200, and
more than $500, .
Exceeding $500, and
than $1,000, .
O f $1,000 or more, .

'
Amount.

3,237

$47,865 60

448

37,464 49

201

32,247 08

151

54,245 78

43
28

29,645 71
29,059 10

4,108

$230,527 76

not
not
not

To the credit —
O f women, both adult
and minor,
Of guardians,
Of reiigiotis and chari­
table associations, .
In trust................................

Num­
ber.

Amount.

1,565
5

$101,613 56
3,287 00

42
8

9,412 15
2,205 90

less

C o m m o n w e a l t h of M a s s a c h u s e t t s .
E s s e x , s s ., N o v . 4, 1889.

Personally appeared Geo. W . Noyes, Treasurer of the City Five Cents Savings Bank,
and made oath that the foregoing statement, by him subscribed, is a true and correct
statement of all the resources and liabilities of said institution, and that the answers
made by him to the foregoing interrogatories contain the whole truth in reference to the
matters to which they relate, according to his best knowledge and belief.
Before me,

E. G. W

ood,

Justice o f the Peace.

E s s e x , ss., Nov. 4, 1889.

Personally appeared John B. Nichols, President, and S. P. Gardner, N. K. Johnson,
C. W . Chase, S. Laubham and C. E. Wiggin, trustees of said corporation, and severally
made oath that the annexed report is correct, according to their best knowledge and
belief.
Before me,
E. G. W oo d , Justice o f the Peace.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

122

B A N K CO M M ISSIO N ERS’ R E P O R T

[Jan

C IT Y IN S T IT U T IO N FOR S A V IN G S — L O W E L L .

Incorporated 1837.

Present number of corporators, 43.

F . A. B u t t r i c k , Treasurer.
A. B u t t r i c k , Clerk o f the Corporation.

W m . E . L i v i n g s t o n , Vice-President.
F.

Names of committee charged with the investment of its funds:
F. T. G r e e n h a l g e ,
J o h n F. H o w e ,

W m . N ic h o l s ,
A d d is o n P u t n a m ,

F. A . B u t t r i c k .

Open for business every business day, 9

a .m

. to 1 p . m . ; also Saturdays, 7 to 9 p .m .

B alance Sheet , October 31, 1889.

A ssets.

Public funds as per schedule, .
Bank stock as per schedule,
Loans on bank stock,.
Railroad bonds as per schedule,
Real estate by foreclosure,.
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
( n o t e s ) ,...................................
Loans on depositors’ books,
Deposits in banks, on interest, .
Cash on hand, .
.
.
.

L ia b il it ie s .

$303,600
691,069
29,231
608,500
5,000
2,375,780
1,502,770

00
75
00
00
00
30
68

71,000
600
80,628
453

00
00
25
70

Deposits, .
Guaranty fund,
Profit and loss ac­
count, .

$5,668,633 68

$5,168,726 69
212,500 00
287,406-99

$5,668,633 68

Cash on Deposit in Banks, amount in each : —
Appleton National Bank, L o w e ll,...................................
Third National Bank, Springfield,...................................

$5,628 25
75,000 00

Loans on Bank Stock, amount on each: —
On 110 shares Appleton National Bank, Lowell, .
On 73 shares Wamesit National Bank, Lowell,
On 15 shares Wamesit National Bank, Lowell,
On 20 shares Brockton National Bank, Brockton,.
On 9 shares National Hide and Leather Bank, Boston,
On 20 shares Everett National Bank, Boston,
On 13 shares First National Bank, Lowell, .
On 5 shares Prescott National Bank, Lowell,
On 58 shares Railroad National Bank, Lowell,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$

11,000 00
5,700 00
4.000 00
1,231 00

1.000 00
500 00
5,800 00

1890.]

123

P U B L IC DO CU M EN T — No. 8

Detailed Statement o f Public Funds.

Tar Value.

City of Hartford, Conn., 6s, .
of Haverhill, Mass., 7s, .
of Lowell, Mass , 6s,
Town of Plymouth, Mass., 6s,
City of Cleveland, Ohio, 4s, .
of East Saginaw, Mich., 5s,
of Des Moines, Iowa, 4^s,
of Des Moines, Iowa, 4s,
Town of Maynard, Mass., 4s, .

.

$10,000
40.000
3,000
20.000
52.000
16.000
90.000
60.000
15,000

Estimated
Market Value.

$10,200
45,650
3,060
22,200
54,280
16,440
94,880
61,998
16,012

00
00
00
00
00
00
00
00
50

Amount Invested.

$10,000
40.000
3,000
20.000
52.000
16.000
90.000
57,600
15.000

00
00
00
00
00
00
00
00
00

$306,000 $324,720 50 $303,600 00

No. of

Shares.

Detailed Statement o f Bank Stocks.

80
200
307
210
124
39
78
138
146
100
55
200
200
100
135
100
44
100
150
250
400
400
30
50
100
375
36
105
65
167

Par Value.

Atlantic Nat’l Bank, Boston, .
Atlas National Bank, Boston,
Blackstone N’i Bank, Boston,
Boston National Bank, Boston,
Boylston Nat’l Bank, Boston,
Bunker Hill N’l Bank, Boston,
City National Bank, Boston, .
Columbian N’l Bank, Boston,
Continental N’l Bank, Boston,
Eliot National Bank, Boston,
Everett Nat’l Bank, Boston, .
First National Bank, Boston,
Globe National Bank, Boston,
Hamilton Nat’l Bank, Boston,
Howard Nat’l Bank, Boston, .
Market Nat’l Bank, Boston, .
Merchants’ N’l Bank, Boston,
Metropolitan N’l B’k, Boston,
N’l B’k of Commerce, Boston,
N’l B’k of No. America, Boston,
N’l B’k of Redemption, Boston,
N’l B’k of the Republic, Boston,
National Eagle Bank, Boston,
Nat’l Exchange Bank, Boston,
N’l Hide & Leather B’k, Boston,
National Revere Bank, Boston,
National Union Bank, Boston,
Nat’l Webster Bank, Boston,.
New England N’l B’k, Boston,
North National Bank, Boston,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$8,000
20,000
30,700
21,000
12,400
3,900
7,800
13,800
14,600
10,000
5,500
20,000
20,000
10,000
13,500
10,000
4,400
10,000
15,000
25,000
40,000
40,000
3,000
5,000
10,000
37,500
3,600
10,500
6,500
16,700

Estimated
Market Value.

$11,400
23,650
34,614
25,620
17,112
7,419
7,410
16,767
17,885
13,150
5,665
48,500
19,700
12,600
14,850
10,000
6,358
10,400
19,200
30*562
53,800
66,800
3,090
6,375
12,000
46,500
5,148
10,500
10,546
23,213

00
00
25
00
00
75
00
00
00
00
00
00
00
00
00
00
00
00
00
50
00
00
00
00
00
00
00
00
25
00

Amount Invested.

$8,000
20,000
30,700
21,000
12,400
3,900
7,800
13,800
14,600
10,000
5,494
20,000
20,000
10,000
13,500
10,000
4,400
10,000
15,000
25,000
40,000
40,000
3,000
5,000
10,000
37,500
3,600
10,500
6,500
16,700

00
00
00
00
00
00
00
00
00
00
75
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

124

B A N K CO M M ISSIO N ERS’ R E P O R T .

[Jan.

No. of 1

Shares.

Detailed Statement o f Bank Stocks — Concluded.

40
265
100
65
205
400
236
39
31
25
110
500
64
220
69
39
25

Par Value.

Old Boston N’l Bank, Boston,
Second Nat’l Bank, Boston, .
Shawmut Nat’l Bank, Boston,
State National Bank, Boston,
Suffolk N ad Bank, Boston, .
Third National Bank, Boston,
Tremont Nat’l Bank, Boston,
Washington N’l Bank, Boston,
Framingham N’l B’k, Framingham,
.
Bay State N’l B’k, Lawrence,
N’l Pemberton B’k, Lawrence,
Appleton N’l Bank, Lowell, .
First National Bank, Lowell,
Prescott Nat’l Bank, Lowell, .
Railroad Nat’l Bank, Lowell,
Wamesit Nat’l Bank, Lowell,
First N’l Bank, Marlborough,

Estimated
Market Value.

Amount Invested.

$4,000
26,500
10,000
6,500
20,500
40,000
23,600
3,900

$4,760
46,375
13,000
7,865
23,626
41,800
26,786
4,894

00
00
00
00
25
00
00
50

$4,000
26,500
10,000
6,500
20,500
40,000
23,600
3,900

00
00
00
00
00
00
00
00

3,100
1,875
11,000
50,000
6,400
22,000
6,900
3,900
2,500

4,650
3,125
14,850
100,000
11,200
33.000
9,108
5,655
2,500

00
00
00
00
00
00
00
00
00

3,100
1,875
11,000
50,000
6,400
22,000
6,900
3,900
2,500

00
00
00
00
00
00
00
00
00

$691,075

$944,030 50

$691,069 75

Detailed Statement o f Railroad Bonds.

Par Value.

Boston & Lowell R.R. 7s,
Old Colony & Newport R.R. 6s,
Old Colony R.R. 4s,
Fitchburg R.R. 4s, .
.
.
.
Fitchburg R.R. 4^s, .
Fitchburg R.R. 5s, .
Worcester, Nash.& Rochester R.R. 4s,

Estimated
Market Value.

$127,500
50.000
100,000
100,000
100,000
100,000
50.000

$137,700
57.500
109.000
97,000
105.000
101,500
52.500

00
00
00
00
00
00
00

$627,500

$660,200 00

Amount Invested.

$127,500
50.000
100,000
100,000
81.000
100,000
50,000

00
00
00
00
00
00
00

$608,500 00

Total Amount o f Loans with Each Specified Bate o f Interest, including
Deposits in Banks on Interest.

Rate.

Amount.

Rate.

2J per cent.

$325,000 00
50,000 00
2,711,106 05

4| per cent.

Amount.

$5,628 25
50,000 00
407,494 54

3

4


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

“

4£
5

“

Amount.

$67,100 00
393,681 39
50,000 00

Rate.

5^ per cent.
6
6è
“

1890.]

125

P U B L IC D O CU M EN T — No. 8.

Value, by books, of real estate, held by foreclosure or otherwise,
Assessed value of the same.....................................................................................
Number of loans which are of an amount not exceeding $3,000 each,. 268
Aggregate amount of the same...............................................................................
Total number of loans upon real estate,..................................................... 404
Amount of investments from which no income is received, .
.
.
.
Gross amount of interest or profits received or earned, as per books, during
year ending Oct. 31, 1 8 8 9 , ...............................................................................
Rate and amount of each semi-annual dividend during the ) 2 per cent, (
year ending Oct. 31, 1 8 8 9 , ..................................................... > 2 per cent., (
Times for the dividends fixed by the by-laws : second Saturday in January
and July.
Number of accounts opened during the year ending Oct. 31, 1889,
2,472
Number of accounts closed during the year ending Oct. 31, 1889,
1,766
Total number of open accounts Oct. 31,1889,
.
.
.
.
13,651
Expenses of the corporation for the year ending Oct. 31, 1889 (exclusive
of taxes)..................................................................................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1889, .........................................................................................
Number of same..............................................................................................14,424
Amount of withdrawals, including dividends, during the year ending Oct.
31, 1 8 8 9 , ..........................................................................................................
Number of s a m e , .......................................................................................12,887
Date of examination by commissioner: November 12.

$5,000 00
16,300 00
364,704 61
5,000 00
309,083 09
93,070 38
95,878 75

10,616 39
938,842 56

837,405 84

Classification o f Deposits received during the Year ending Oct. 3 1 ,1 8 8 9 .
Num­
ber.
O f $50 and less,
Exceeding $50, and
more than $100, .
Exceeding $100, and
more than $200, .
Exceeding $200, and
more than $560, .
Exceeding $500, and
than $1,000, .
Of $1,000 or more, .

Num­

Amount.

11,132

$240,813 17

1,776

155,244 17

713

111,826 17

524

185,900 51

166
113

119,098 85
125,959 69

14,424

$938,842 56

ber.
To the credit —
O f women, both adult
and minor,
O f guardians,
O f religious and chari­
table associations, .
In trust................................

not
not
not

Amount.

7,042
50

$443,227 62
9,325 58

173
1,307

12,875 51
79,119 91

less

Co m m o n w e a l t h

oe

M assach u setts.
M id d l e s e x ,

ss .,

N ov . 5, 1889.

Personally appeared F. A. Buttrick, Treasurer of the City Institution for Savings of
Lowell, and made oath that the foregoing statement, by him subscribed, is a true and
correct statement of all the resources and liabilities of said institution, and that the
answers made by him to the foregoing interrogatories contain the whole truth in
reference to the matters to which they relate, according to his best knowledge and belief.
Before me,

J. F. K i m b a l l , Justice o f the Peace.
M id d l e s e x ,

ss .,

N ov . 5, 1889.

Personally appeared Wm. E. Livingston, Vice-President, and Win. Nichols, John F.
Howe, Addison Putnam, Nathan M. Wright and Edward K. Perley, trustees of said
corporation, and severally made oath that the annexed report is correct, according to
their best knowledge and belief.


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Federal Reserve Bank of St. Louis

Before me,

J. F. K i m b a l l , Justice o f the rea ce.

126

B A N K C O M M ISSIO N E R S’ R E PO R T.

[Jan

C L IN T O N S A V IN G S B A N K — C LIN TO N .

Incorporated 1851.

Present number of corporators, 63.

C h a s . L. S w a n , President.

C. L. S. H a m m o n d , Treasurer.

C h a s . G. S t e v e n s , Clerk o f the Corporation.

Names of committee charged with the investment of its funds:
C . L. S w a n ,

G .W . W

C. C. S t o n e ,

J. E. T h a y e r ,
C. A. V

eeks,

ic k e r y .

Open for business every business day, except Saturday, 9
Saturday, 9 a . m . to 1 p .m .

a .m .

to 12 m ., 2 to 4

p .m . ;

B ala n c e Sh e e t , O ctober 31, 1889.

A ssets.

Public funds as per schedule, .
Loans on public funds,
Bank stock as per schedule,
Loans on bank stock,
Railroad bonds as per schedule,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
(notes).........................................
Deposit in bank, not on interest,
Premium account,
Cash on hand, .
.
.
.

L ia b il it ie s .

$42,700
6,525
79,400
8,000
33.000
718,420
302,762

00
00
00
00
00
73
35

20.000
7,569
7,218
12,219

00
50
59
25

Deposits, .
Guaranty fund,
Profit and loss ac­
count, .

$1,237,815 42

$1,204,818 23
32,000 00
997 19

$1,237,815 42

Cash on Deposit in Bank: —
First National Bank, Clinton,............................................

$7,569 50

Loans on Public Funds, amount on each : —
00
525 00

"o
o
o

On ¡$7,000 Town of Clinton, Mass., bonds, .
On $1,000 United States 4 s , ............................................
Loans on Bank Stock, amount on each : —
On 20 shares First National Bank, Clinton, .
On 50 shares Maverick National Bank, Boston, .
On 23 shares Merchants’ National Bank, New Bedford


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$2,000 00
5,000 00
1.000 00

1890.]

127

P U B L IC D O CU M EN T — No. 8.

Detailed Statement o f Public Funds.

Par Value.

City of Taunton, Mass., 5s,
Town of Clinton, Mass., 4s,
of Clinton, Mass., 6s,

Estimated
Market Value.

Amount Invested.

$8,000
18,000
16,700

$8,560 00
18,540 00
18,370 00

$8,000 00
18,000 00
16,700 00

$42,700

$45,470 00

$42,700 00

No. of |

Shares. I

Detailed Statement o f Bank Stocks.

Par Value.

14 Atlas National Bank, Boston, .
20 Central Nat’l Bank, Boston, .
5 National City Bank, Boston, .
2 Boston National Bank, Boston,
10 N’l Hide & Leather B’k, Boston,
16 Howard Nat’l Bank, Boston, .
50 Manufacturers’ N’l B’k, Boston,
20 Market Nat’l Bank, Boston, .
30 Metropolitan N’l B’k, Boston,.
42 N’l B’k of No. America, Boston,
7 Traders’ Nat’l Bank, Boston, .
105 Nat’l Webster Bank, Boston, .
300 First National Bank, Clinton, .
30 First Nat’l Bank, Leominster,
50 National Bank of Commerce,
New Bedford,
50 First N’l Bank, New Bedford,
50 Orange Nat’l Bank, Orange, .

* This bank is in process of liquidation,

$1,400
2,000
500
200
1,000
1,600
5,000
2,000
3,000
4,200
700
10,500
30,000
300

Estimated
Market Value.

$1,659
2,705
475
244
1,200
1,760
5,256
2,000
3,120
5,134
700
10,500
37,500
300

50
00
00
00
00
00
25
00
00
50
00
00
00
00

Amount Invested.

$1,400
4,000
500
200
1,000
1,600
5,000
2,000
3,000
4,200
700
10,500
30,000
300

00
00
00
00
00
00
00
00
00
00
00
00
00
00*

5,000
5,000
5,000

5,000 00
7,575 00
6,500 00

5,000 00
5,000 00
5,000 00

$77,400

$91,629 25

$79,400 00

and has paid 90 per cent, to stockholders.

Detailed Statement o f Railroad Bonds.

Par Value.

Old Colony R.R. 6s,
Old Colony R.R. 7s,
Nashua & Rochester R.R. 5s, .
Worcester & Nashua R.R. 5s, .
Fitchburg R.R. 7s, .


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$10,000
5.000
2.000
3,000
13,000

Estimated
Market Value.

$11,550
5,662
2,080
3,090
14,300

00
50
00
00
00

$33,000 , $36,682 50

Amount Invested.

$10,000
5.000
2.000
3,000
13,000

00
00
00
00
00

$33,000 00

128

B A N K C O M M ISSIO N E R S’ R E PO R T.

[Jan.

Total Amount o f Loans with Each Specified Rate o f Interest, including
Deposits in Banks on Interest.

Amount.

Kate.

Amount.

$10,000 00
75,000 00
106,500 00

4 per cent.
4i
“
4i
“

$1,500 00
712,289 65
29,785 18

Kate.

4| per cent. ;
5
5*
“

Rate.

Amount.

$113,017 15
7,616 10

6 per cent.
7
“

Number of loans which are of an amount not exceeding $3,000 each,. 312
Aggregate amount of the s a m e , ........................................................................ $335,359
Total number of loans hpon real estate.......................................................344
Gross amount of interest or profits received or earned, as per books, during
55,991
year ending Oct. 3 1 ,1 8 8 9 ,.................................................................................
21,855
Rate and amount of each semi-annual dividend during the 1 2 per cent., f
year ending Oct. 31, 1 8 8 9 ,...................................................... 1 2 per cent., 1 22,395
Times for the dividends fixed by the by-laws: second Monday in April
and October.
Number of accounts opened during the year ending Oct. 31, 1889,
. 840
Number of accounts closed during the year ending Oct. 31, 1889,
. 560
Total number of open accounts Oct. 31, 1889,
.
.
.
.
4,236
Expenses of the corporation for the year ending Oct. 31, 1889 (exclusive
3,312
of taxes)..................................................................................................................
Amount of deposits, not including dividends, received during the year end­
ing Oct. 31, 1889,...................................................................................................
Number of same,
......................................................4,539
Amount of withdrawals, including dividends, during the year ending Oct.
31, 1 8 8 9 , ............................................................................................................
Number of s a m e ,.................................................................................
2,537
Date of examination by commissioner: July 30.

73

77
11
67

00

281,204 14

248,894 53

Classification o f Deposits received during the Year ending Oct. 3 1 ,1 8 8 9 .
Num­
ber.*
O f $50 and less,
Exceeding $50, and
more than $100, .
Exceeding $100, and
more than $200, .
Exceeding $200, and
more than $500, .
Exceeding $500, and
than $1,000, .
O f $1,000 or more, .


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Num­

Amount.

3,409

$78,355 86

640

51,444 48

262

41,149 36

159

53,734 49

46
23

31,478 74
25,041 21

4,539

$281,204 14

not
not
not
less

ber.
To the credit —
O f women, both adult
and minor,
O f guardians,
O f religious and chari­
table associations, .
In trust, .
.
.
.

Amount.

2,175
9

$98,509 57
2,215 19

136
24

12,758 56
3,831 22

1890.]

PU B L IC D O CU M EN T — No. 8.

129

C o m m o n w e a l t h of M a s s a c h u s e t t s .
W o r cester, ss.

C l i n t o n , N o v . 1, 1889.

Personally appeared C. L. S. Hammond, Treasurer of the Clinton Savings Bank, and
made oath that the foregoing statement, by him subscribed, is a true and correct state­
ment of all the resources and liabilities of said institution, and that the answers made by
him to the foregoing interrogatories contain the whole truth in reference to the matters
to which they relate, according to his best knowledge and belief.
Before me,

W or cester , ss.

E d w i n N . R i c e , Justice o f the Peace.

C l i n t o n , N ov . 1 ,1 8 8 9 .

Personally appeared C. L. Swan, President, and C. C. Stone, C. A. Vickery, Chas.
G. Stevens, W m. Hamilton, C. W . Field and C. W . Field, Jr., trustees of said corpora­
tion, and severally made oath that the annexed report is correct, according to their best
knowledge and belief.
Before me,
E d w i n N. R i c e , Justice o f the Peace.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

130

B A N K CO M M ISSIO N E R S’ R E PO R T.

[Jan.

COHASSET S A V IN G S B A N K — COHASSET.

Incorporated 1845.

Present number of corporators, 37.

J. Q . A . L o t h r o p , President.

C a l e b L o t h r o p , Treasurer.

C a l e b L o t h r o p , Clerk o f the Corporation.

Names of committee charged with the investment of its funds :
J. Q. A . L o t h r o p ,

A b r a h a m H. T o w e r ,

L o u is N. L in c o l n ,

M o r g a n B. S t e t s o n .

Open for business every business day, except Saturday, 9

B a l a n c e Sh e e t , O c to b er

A ssets.

Public funds as per schedule, .
Bank stock as per schedule,
Railroad bonds as per schedule,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
( n o t e s ) ,....................................
Deposits in banks, on interest, .
Expense account,
Premium account,
Suspense account,
Cash on hand, .
.
.
.

a.m

. to 12 m ., 1 to 4 p . m .

31, 1889.

L ia b il it ie s .

$9,000 00
54.000 00

22.000 00
297,155 00
100,000 00

7,000
12,692
426
975

Deposits, .
Guaranty fund,
Interest account,
Profit and loss ac­
count, .

$473,436 74
14,910 00
9,259 07
6,569 05

00
47
99
00

6 00
919 40
$504^74 86

$504,174 86

Cash on Deposit in Banks, amount in each : —
Boston National Bank, B o s t o n ,........................................................................$10,324 72
Maverick National Bank, Boston..........................................................................
2 367 75

Detailed Statement o f Public Funds.

Par Value.

City of Springfield, Ohio, 4^s,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$9,000

Estimated
Market Value.

$9,950 00

Amount Invested.

$9,000 00

1890.]

131

P U B L IC D O CU M EN T — No. 8

No. of

Shares.

Detailed Statement o f Bank Stocks.

30
20
45
43
20
40
18
20
25
30
23
12
22
45
32
38
36
15
10
16

Estimated

Par Value.

Amount Invested.

Market Value.

Atlas National Bank, Boston,
Blackstone N’l Bank, Boston,
Boston Nat’l Bank, Boston, .
National City Bank, Boston, .
Columbian N’l Bank, Boston,
Continental N’l Bank, Boston,
National Eagle Bank, Boston,
Everett Nat’l Bank, Boston, .
N ’l Hide & Leather B’k, Boston,
Market Nat’l Bank, Boston, .
Merchants’ N’l Bank, Boston,.
North Nat’l Bank, Boston,
N’l B’k of the Republic, Boston,
Nat’l Revere Bank, Boston, .
Shawmut Nat’l Bank, Boston,
State National Bank, Boston,
Tremont Nat’l Bank, Boston, .
National Union Bank, Boston,
Washington N’l Bank, Boston,
Nat’l Webster Bank, Boston,

$3,540
2,250
5,049
4,085
2,430
4,900
1,854
2,060
3,000
3,000
3,323
1,668
3,674
5,580
4,160
4,598
4,086
2,145
1,250
1,600

$3,000
2,000
4,500
4,300
2,000
4,000
1,800
2,000
2,500
3,000
2,300
1,200
2,200
4,500
3,200
3,800
3,600
1,500
1,000
1,600
$54,000

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

$64,252 00

$3,000
2,000
4,500
4,300
2,000
4,000
1,800
2,000
2,500
3,000
2,300
1,200
2,200
4,500
3,200
3,800
3,600
1,500
1,000
1,600

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

$54,000 00

Detailed Statement o f Railroad Bonds.

Par Value.

Old Colony R.R. 7s,
Eastern R.R. 6s,
.

.

.

*A

Estimated
Market Value.

$9,000
13,000

$10,800 00
16,250 00

$22,000

$27,050 00

Amount Invested.

$9,000 00
13,000 00*
$22,000 00

legal investment when made.

Total Amount o f Loans with Each Specified Rate o f Interest, including
Deposits in Banks on Interest.

Eate.

Amount.

Eate.

Amount.

Eate.

2£ per cent.
4è
“
4|
“

$105,600 00
15,000 00
48,400 00

5 per cent.
5i
“
5h
“

$158,855 00
2,800 00

6 per cent.
“

Amount.

$12,692 47
48,500 00
25,000 00


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

132

[Jan.

B A N K CO M M ISSIO N ERS’ R E PO R T.

Number of loans which are of an amount not exceeding $3,000 each, 138
Aggregate amount of the s a m e , ........................................................... $124,055
Total number of loans upon real e s t a t e , .............................................166
Gross amount of interest or profits received or earned, as per books, dur­
ing year ending Oct. 31, 1 8 8 9 , .........................................................
24,898
Rate and amount of each semi-annual dividend during the 1 2£ per cent., f
year ending Oct. 31, 1 8 8 9 ,......................................................i 2 per cent., 1
Times for the dividends fixed by the by-laws: first Tuesday in January
and July.
Number of accounts opened during the year ending Oct. 31, 1889,
. 145
Number of accounts closed during the year ending Oct. 31, 1889,
. 89
Total number of open accounts Oct. 31, 1889,
.
.
.
.
1,139
Expenses of the corporation for the year ending Oct. 31, 1889 (exclusive of
ta xe s),......................................................................................................
1,582
Amount of deposits, not including dividends, received during the year end­
ing Oct. 31, 1889,....................................................................................
68,283
Number of same...............................................................................................699
Amount of withdrawals, including dividends, during the year ending Oct.
31, 1 8 8 9 , .............................................................................................
67,344
Number of same............................................................................................... 619
Date of examination by commissioner: October 11.

00

77
11,026 18
9,072 93

86
07

14

Classification o f Deposits received during the Year ending Oct. 3 1 ,1 8 8 9 .
Num­

Num­

Amount.

O f $50 and less,
Exceeding $50, and not
more than $100, .
Exceeding $100, and not
more than $200, .
Exceeding $200, and not
more than $500, .
Exceeding $500, and less
than $1,000, .
O f $1,000 or more, .

Amount.

ber.

ber.
453

$10,070 52

119

10,097 00

49

7,934 44

54

20,136 11

14
10

10,045 00
10,000 00

699

$68,283 07

To the credit —
Of women, both adult
and minor,
Of religious and chari­
table associations, .
In trust, .

305

$28,342 49

31
86

1,429 04
14,054 00

C o m m o n w e al t h o r M assa ch u se tts.
C o h a s s e t , N o v . 8, 1889.

N o r fo lk , ss.

Personally appeared Caleb Lothrop, Treasurer of the Cohasset Savings Bank, and
made oath that the foregoing statement, by him subscribed, is a true and correct state­
ment of all the resources and liabilities of said institution, and that the answers made by
him to the foregoing interrogatories contain the whole truth in reference to the matters
to which they relate, according to his best knowledge and belief.
Before me,

N o r f o l k , ss.

E d w a r d E. E l l m s , Justice o f the Peace.

C o h a s s e t , N ov . 8, 1889.

Personally appeared J. Q. A. Lothrop, President, and Louis N. Lincoln, Abraham H.
Tower, Morgan B. Stetson, Newcomb Bates and C. F. Nichols, trustees of said corpora­
tion, and severally made oath that the annexed report is correct, according to their best
knowledge and belief.
Before me,
E d w a r d E. E l l m s , Justice o f the Peace.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

1890.]

133

PU B L IC D O CU M EN T — No.

C O N W A Y S A V IN G S B A N K — C O N W A Y .

Incorporated 1887.

Present number of corporators, 25.

J o h n B . P a c k a r d , President.

W m . G . A v e r y , Treasurer.

W m . G . A v e r y , Clerk o f the Corporation.

Names of committee charged with the investment of its funds :
Carlos B a t c h e l d e r ,

Ch a s . B . M e r r it t ,

E dw ard D elabarre,

Jo h n B . P a c k a r d ,

R ic h a r d T u c k e r .

Open for business every business day, 9

B a l a n c e Sh e e t , O c t o b e r

. to 3 p . m .

31, 1889.

L ia b il it ie s .

A ssets.

Bank stock as per schedule,
Loans on bank stock,
Railroad bonds as per schedule,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
(notes)........................................
Deposit in bank, on interest,
Premium account,

a .m

$500
6,270
1,000
31,425
8,500

Deposits, .
Guaranty fund,
Profit and loss ac­
count, .

00
00
00
00
00

$59,957 92
269 85
58 08

500 00
11,911 87
178 98
$60,285 85

$60,285 85

Cash on Deposit in Bank : —
Conway National Bank, Conway, .

.

.

.................................... $11,911

.

87

Loans on Bank Stock, amount on each : —
On 5 shares Conway National Bank, Conway,
On 5 shares Conway National Bank, Conway,
On 8 shares Conway National Bank, Conway,
On 7 shares Conway National Bank, Conway,
On 10 shares Conway National Bank, Conway,
On 10 shares Conway National Bank, Conway,
On 15 shares City National Bank, Holyoke,
On 20 shares Home National Bank, Holyoke,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

.
.

.................................... $240
....................................
....................................
....................................
....................................
....................................
.................................... 1,000
.................................... 1,500

450
700
630
850
900

00
00
00
00
00
00
00
00

134

B A N K CO M M ISSIO N E R S’ R E P O R T .

[Jan.

Detailed Statement o f Bank Stocks.
O o
• U

*

Par Value.

<g

5

Conway Nat’l Bank, Conway,

$500

Estimated
Market Value.

$585 00

Amount Invested.

$500 00

Detailed Statement o f Railroad Bonds.

Par Value.

$1,000

Fitchburg R.R. 6s, .

Estimated
Market Value.

$1,110 00

Amount Invested.

$1,000 00

Total Amount o f Loans with Each Specified Rate o f Interest, including
Deposits in Banks on Interest.

Amount.

$11,911 87

Rate.

4 per cent.

Amount.

$46,695 00

Rate.

Amount.

Rate.

5 per cent.

-

-

1STumber of loans which are of an amount not exceeding $3,000 each,
51
$39,295 00
Aggregate amount of the s a m e , ........................................................................
Total number of loans upon real e s t a t e , ............................................. 36
Gross amount of interest or profits received or earned, as per books, during
2,460 02
year ending Oct. 31, 1 8 8 9 ,.................................................................................
862 82
Hate and amount of each semi-annual dividend during the 1 2 per cent., f
1,043 28
year ending Oct. 31, 1889...........................................................>2 per cent., 1
Times for the dividends fixed by the by-laws : May 1 and November 1.
Number of accounts opened during the year ending Oct. 31, 1889,
. 112
Number of accounts closed during the year ending Oct. 31, 1889,
. 40
Total number of open accounts Oct. 31, 1 8 8 9 , .................................... 325
Expenses of the corporation for the year ending Oct. 31,1889 (exclusive of
268 60
ta xe s),.....................................................................................................................
Amount of deposits, not including dividends, received during the year end­
22,914 68
ing Oct. 31, 1 8 8 9 , .........................................................................................
Number of same...............................................................................................367
Amount of withdrawals, including dividends, during the year ending Oct.
11,600 91
31, 1 8 8 9 , ............................................................................................................
Number of s a m e , ..........................................................................................161
Date of examination by commissioner: March 1.


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Federal Reserve Bank of St. Louis

1890.]

135

P U B L IC D O CU M EN T — No. 8.

Glassification o f Deposits received during the Year ending Oct. 3 1 ,1 8 8 9 .
Num­
ber.
O f $50 and less,
Exceeding $50, and
more than $100, .
Exceeding $100, and
more than $200, .
Exceeding $200, and
more than $500, .
Exceeding $500, and
than $1,000, .
O f $1,000 or more, .

Num­

Amount.

ber.

272

$4,979 20

54

4,498 12

17

2,751 30

19

6,702 54

3
2

1,983 52
2,000 00

367

$22,914 68

To the credit —
O f women, both adult
and minor,
O f guardians,

not
not

134
7

Amount.

$7,796 10
646 08

not
less

C om m onw ealth

of

M assa ch u setts.
F r a n k l in ,

ss .,

N ov . 16, 1889.

Personally appeared W m . G. Avery, Treasurer of the Conway Savings Bank, and
made oath that the foregoing statement, by him subscribed, is a true and correct state­
ment of all the resources and liabilities of said institution, and that the answers made
by him to the foregoing interrogatories contain the whole truth in reference to the mat­
ters to which they relate, according to his best knowledge and belief.
Before me,

H e n r y W . B i l l i n g s , Justice o f the Peace.

F r a n k l in ,

ss .,

N ov . 16, 1889.

Personally appeared John B. Packard, President, and Arthur M. Cook, Charles Par­
sons, Jr., Chas. C. Burdett, Harvey Townsend and Carlos Batchelder, trustees of said
corporation, and severally made oath that the annexed report is correct, according to
their best knowledge and belief.
Before me,


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Federal Reserve Bank of St. Louis

H e n r y W . B i l l i n g s , Justice o f the Peace.

136

B A N K CO M M ISSIO N ERS’ R E PO R T.

[Jan

CROCKER IN S T IT U T IO N FOR S A V IN G S — T U R N E R ’S
FALLS.
Incorporated April 3, 1869.

Present number of corporators, 33.

J. H. R oot , President.
D. P. A b e r c r o m b ie , Treasurer.
W . H. P. G il m o r e , Clerk o f the Corporation.

Names of committee charged with the investment of its funds :
G. L. R ist,
Jas . A. Gunn ,
D.
P. A b e r c r o m b ie .

Open for business every business day, 9

B a l a n c e Sh e e t , O c t o b e r

A ssets.

Public funds as per schedule, .
Bank stock as per schedule,
Loans on bank stock,
Railroad bonds, as per schedule,
Real estate (for banking purp o s e s ) , ....................................
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
(n o t e s ) ,....................................
Loans on depositors’ books,
Deposit in bank, on interest, .
Deposit in bank, not on interest,
Expense account,
Interest account,
Premium account,
Cash on hand................................

a .m .

to 3 p . m .

31, 1889.

L ia b il it ie s .

$32,000
28,472
12,950
40,000

00
50
00
00

Deposits, .
Guaranty fund,
Profit and loss account,

$624,802 20
11,800 00
9,001 47

31,000 00
311,875 00
143,683 00
29,546
125
5,300
5,061
3,532
674
580
802

.

25
00
00
24
45
58
80
85

$645,603 67

$645,603 67

Cash on Deposit in Bank: —
Crocker National Bank, Turner’s Falls............................................................... $10,361 24
Loans on Bank Stock, amount on each : —
On 60 shares Chicopee National Bank, Springfield................................................... $3,000
On 10 shares Crocker National Bank, Turner’s Falls.......................................
1,000
On 7 shares Crocker National Bank, Turner’s F a l l s , ....................................
700
On 13 shares Crocker National Bank, Turner’s F a lls,....................................
900
On 25 shares Crocker National Bank, Turner’s F a l l s ,...................................
2,500
On 5 shares Crocker National Bank, Turner’s F a l l s , ....................................
500
On 5 shares Crocker National Bank, Turner’s F a l l s , ...................................
350
On 40 shares Packard National Bank, G r e e n f i e l d ,....................................
4,000


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

00
00
00
00
00
00
00
00

1890.]

137

P U B L IC D O CU M ENT — No. 8.

Detailed Statement o f Public Funds.

Par Value.

City of Boston, Mass., 6s,
of Boston, Mass., 5s,
of Lowell, Mass., 6s,
of Providence, R. I., 5s, .
of East Saginaw, Mich., 5s,
Town of Montague, Mass., 4s,

.

$6,000
'4,000
3,000
5,000
3,000
11,000
$32,000

Estimated
Market Value.

$6,630
4,820
3,060
5,650
3,120
11,550

00
00
00
00
00
00

$34,830 00

Amount Invested.

$6,000
4,000
3,000
5,000
3,000
11,000

00
00
00
00
00
00

$32,000 00

No. of

Shares.

Detailed Statement o f Bank Stocks.

87
60
10
7
10
10
10
10
40

Par Value.

Crocker N’l B’k, Turner’s Falls,
Conway Nat’l Bank, Conway,
Central Nat’l Bank, Boston, .
Columbian N’l Bank, Boston,
Nat’l Webster Bank, Boston,
Eliot National Bank, Boston,.
Tremont Nat’l Bank, Boston,.
N’l B’k of Commerce, Boston,
Continental N’l Bank, Boston,

$8,700
6,000
1,000
700
1,000
1,000
1,000
1,000
4,000
$24,400

Estimated
Market Value.

$11,310
7,200
1,350
847
1,000
1,310
1,135
1,280
4,900

00
00
00
00
00
00
00
00
00

$30,332 00

Amount Invested.

$9,835
6,930
1,056
1,014
1,155
1,242
1,242
1,292
4,704

00
00
25
50
00
50
50
50
25

$28,472 50

Detailed Statement o f Railroad Bonds.

Par Value.

Boston, Revere Beach & Lynn R.R. 6s,
Old Colony R.R. 6s,.
Fitchburg R.R. 5s, .
Fitchburg R.R. 4^s, .
.
.
.
Vermont & Massachusetts R.R. 5 s,.
Boston & Maine R.R. 7 s,.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$7,000
5.000
15,000
5.000
5.000
3.000
$40,000

Estimated
Market Value.

$7,910
5,750
15,750
5,000
5,550
3,360

00
00
00
00
00
00

$43,320 00

Amount Invested.

$7,000
5.000
15,000
5.000
5.000
3.000

00
00
00
00
00
00

$40,000 00

138

B A N K CO M M ISSIO N ERS’ R E P O R T .

[Jan.

Total Amount o f Loans with Each Specified Rate o f Interest, including
Deposits in Banks on Interest.

Amount.

$5,300 00
17,500 00

Kate.

Amount.

2 per cent.
4

$5,000 00

Rate.

Amount.

4£ per cent.

$475,679 25

Rate.

5 per cent.

Amount invested in real estate for banking purposes,...................................
$31,000 00
Estimated value of the sam e,................................................................................
31,000 00
Assessed value of the s a m e ,................................................................................
22,400 00
Net income received from same during year ending Oct. 31, 1889,
1,701 46
Number of loans which are of an amount not exceeding $3,000 each, 347
Aggregate amount of the s a m e , .......................................................................
256,704 25
Total number of loans upon real e s t a t e , .............................................316
Gross amount of interest or profits received or earned, as per books, during
year ending Oct. 31, 1 8 8 9 ,.................................................................................
30,270 04
Rate and amount of each semi-annual dividend during the 1 2 per cent., f
11,381 59
year ending Oct. 31, 1889, .
.
.
.
.
. / 2 per cent., \
11,773 25
Times for the dividends fixed by the by-laws ; January 1 and July 1.
Number of accounts opened during the year ending Oct. 31, 1889,
. 344
Number of accounts closed during the year ending Oct. 31, 1889,
. 279
Total number of open accounts Oct. 31, 1889,
.
.
.
.
1,895
Expenses of the corporation for the year ending Oct. 31, 1889 (exclusive of
t a x e s ) , ............................................................................................................
1,678 99
Amount of deposits, not including dividends, received during the year end­
ing Oct. 31,1889,...................................................................................................
128,982 70
Number of same...............................................................................................2,023
Amount of withdrawals, including-dividends, during the year ending Oct.
31, 1 8 8 9 , ............................................................................................................
115,892 72
Number of s a m e ,.......................................................................................... 1,078
Date of examination by commissioner: October 29.

Classification o f Deposits received during the Year eyiding Oct. 31, 1889.

O f $50 and less,
Exceeding $50, and
more than $100, .
Exceeding $100, and
more than $200, .
Exceeding $200, and
more than $500, .
Exceeding $500, and
than $1,000, .
O f $1,000 or more, .

Num­
ber.

Amount.

1,558

$30,285 49

237

19,239 60

114

18,385 45

68

23,361 30

29
17

20,710 86
17,000 00

2,023

$128,982 70

not
not
not
less


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Federal Reserve Bank of St. Louis

Num­
ber.
To the credit —
O f women, both adult
and minor,
O f guardians,
O f religious and chari­
table associations, .
In trust................................

Amount.

742
25

$46,033 67
2,860 76

4
38

1,583 07
1,578 55

1890.]

P U B L IC D O CU M EN T — No. 8.

139

Co m m o n w e a l t h of M a ssa c h u s e t t s .
F r a n k l i n , s s ., N ov . 2, 1889.

Personally appeared D. P. Abercrombie, Treasurer of the Crocker Institution for
Savings, and made oath that the foregoing statement, by him subscribed, is a true
and correct statement of all the resources and liabilities of said institution, and that the
answers made by him to the foregoing interrogatories contain the whole truth in
reference to the matters to which they relate, according to his best knowledge and
belief.
Before me,
W i l l i a m S. D a n a , Justice o f the Peace.

F r a n k l i n , s s ., N ov . 2, 1889.

Personally appeared J. H. Root, President, and James A. Gunn, E . L. Goddard,
M. B. Allen, W . H. P. Gilmore and G. L. Rist, trustees of said corporation, and sev­
erally made oath that the annexed report is correct, according to their best knowledge
and belief.
Before me,
W i l l i a m S. D a n a , Justice o f the Peace.


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Federal Reserve Bank of St. Louis

140

B A N K CO M M ISSIO N ERS’ R E PO R T

[Jan

D A N V E R S S A V IN G S B A N K — D A N V E R S .

Incorporated 1850.

Present number of corporators, 49.

A u g u s t u s M u d g e , President.

A l b i o n F . W e l c h , Treasurer.

I s r a e l H . P u t n a m , Clerk o f the Corporation.

Names of committee charged with the investment of its funds:
Jo sh u a B r a g d o n ,

Ch a s . H . G o u ld,

J. F r a n k P o r t e r ,

F r a n c is D o d g e ,

G il b e r t A . T a p l e y .

Open for business every business day, 8

a .m

B a l a n c e Sh e e t , O c t o b er

A ssets.

Public funds as per schedule, .
Bank stock as per schedule,
Loans on bank stock,
Railroad bonds as per schedule,
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
(n o te s ),....................................
Deposits in banks, on interest, .
Deposits in banks,not oninterest,
Expense account,
Premiums......................................
Insurance account, .
Taxes paid,
.
.
.
.
Cash on hand, .
.
.
.

. to 12 m ., 1 to 3 p . m .

31, 1889.

L ia b il it ie s .

$22,775
143,280
2,225
56,000
55,530
428,522
392,262

00
50
00
00
00
00
20

2,000
75,872
5,000
191
3,788
20
822
4,146

00
88
00
66
53
15
80
14

$1,192,436 86

Deposits, .
Guaranty fund,
Interest account,
Earnings undivided,
Rent,.

$1,139,605
40,300
4,460
7,738
332

11
00
65
35
75

$1,192,436 86

Cash on Deposit in Banks, amount in each: —
Maverick National Bank, B o sto n ,.......................................................................$46,347 67
Merchants’ National Bank, S a l e m , ..............................................................
738 98
First National Bank, D a n v e r s , .......................................................................
33,786 23


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Federal Reserve Bank of St. Louis

1890.]

141

PU B L IC D O CU M EN T — No. 8

Loans on Bank Stock, amount on each : —
On 6 shares Salem National Bank, Salem,
On 16 shares First National Bank, Danvers,.
On 5 shares First National Bank, Danvers, .
On 3 shares First National Bank, Danvers, .

$1,800 00
375 00
50 00

Detailed Statement o f Public Funds.

Par Value.

City of Boston, Mass., 6s,
of Boston, Mass., 4s,
Town of Danvers, Mass., 4s, .

Estimated
Market Value,

Amount Invested.

$10,000
10,000
3,000

$10,950 00
10,600 00
3,000 00

$9,775 00
10,000 00
3,000 00

$23,000

$24,550 00

$22,775 00

N o. o f

Shares.

Detailed Statement o f Bank Stocks.

50
53
10
60
70
85
68
10
50
71
65
75
50
34
80
20
25
270
7
5
25
75
125
20
131
10

Par Value, j

Atlas National Bank, Boston,.
Blaekstone N’l Bank, Boston,
Continental N’l Bank, Boston,
N’l B’k of Commerce, Boston,
Nat’l Exchange Bank, Boston,
Globe National Bank, Boston,
Howard Nat’l Bank, Boston, .
Lincoln Nat’l Bank, Boston, .
Merchants’ N’l Bank, Boston,
N’l B’k of No. America, Boston,
N’l B’k of Redemption, Boston,
Nat’l Revere Bank, Boston, .
State National Bank, Boston,.
Traders’ Nat’l Bank, Boston, .
Third National Bank, Boston,
Tremont Nat’l Bank, Boston,.
Washington N’l Bank, Boston,
Asiatic Nat’l Bank, Salem,
First National Bank, Salem, .
Naumkeag N’l Bank, Salem,
Salem National Bank, Salem,
National Bank of Commerce,
New Bedford,
First N’l Bank, New Bedford,
Warren Nat’l Bank, Peabody,
First National Bank, Danvers,
Rockport N’l Bank, Rockport,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$5,000
5,300
1,000
6,000
7,000
8,500
6,800
1,000
5,000
7,100
6,500
7,500
5,000
3,400
8,000
2,000
2,500
8,100
700
500
2,500
7,500
12,500
2,000
9,825
1,000
$132,225

Estimated
Market Value.

$5,912 50
5,975 75
1,225 00
7,680 00
8,925 00
8,372 50
7,480 00
1,147 50
7,275 00
8,679 75
8,742 50
9,300 00
6,050 00
3,230 00
8,360 00
2,270 00
3,137 50
9,315 00
931 00
701 25
3,325 00
7,350
18,875
2,700
10,742
1,475

00
00
00
00
00

Amount Invested

$5,675 00
5,300 00
1,080 00
6,000 00
7,097 50
10,612 50
6,800 00
1,100 00
6,475 00
7,268 75
7,901 25
7,500 00
5,356 25
3,345 00
8,000 00
2,000 00
2,500 00
8,100 00
700 00
500 00
2,862 50
8,962
14,947
2,000
10,197
1,000

50
25
00
00
00

$159,177 25 $143,280 50

142

[Jan.

B A N K CO M M ISSIO N ERS’ REPORT,

Detailed Statement o f Bailroad Bonds.

Par Value.

Conn. & Passumpsic Rivers R.R. 7s,
Boston & Lowell R.R. 7s,
Boston, Winthrop & Shore R.R. 5s,
Fitchburg R.R. 4s, .
Fitchburg R.R. 4’ s, .
.
.
.

Estimated
Market Value.

Amount Invested.

$16,000
10,000
10,000
10,000
10,000

$17,600
11,550
11,000
9,600
10,050

00
00
00
00
00

$56,000

$59,800 00

$16,000
10,000
10,000
10,000
10,000

00
00
00
00
00

$56,000 00

Total Amount o f Loans with Each Specified Bate of Interest, including
Deposits in Banks on Interest.

Amount.

$29,525
46,347
66,918
50,000
25 000

Bate.

21
67
47
00
00

2 per cent.
2h
“
4
“
H
“
41
“

Amount.

$131,500
60,000
182,327
50,200

Kate.

00
00
73
00

4^ per cent.
5^
5h

“
“

Amount.

$210,733
687
17,643
30,000

Kate.

00
00
00
00

6 per cent.
6£
“
7
8

Value, by books, of real estate, held by foreclosure or otherwise,
$55,530 00
Assessed value of the s a m e ,..............................................................
55,500 00
Net income received from same during year ending Oct. 31, 1889,
1,485 25
Number of loans which are of an amount not exceeding $3,000 each, . 258
Aggregate amount of the s a m e , .......................................................................
232,813 00
Total number of loans upon real estate,......................................................251
530 00
Amount of investments from which no income is received..............................
Gross amount of interest or profits received or earned, as per books, during
year ending Oct. 31, 1 8 8 9 , .................................................................................
63,597 56
20,985 75
Rate and amount of each semi-annual dividend during the j 2 per cent., j
year ending Oct. 31, 1 8 8 9 , ...................................................... 1 2 per cent., 1
21,572 04
Times for the dividends fixed by the by-laws : April 1 and October 1.
Number of accounts opened during the year ending Oct. 31, 1889,
. 403
Number of accounts closed during the year ending Oct. 31, 1889,
. 272
Total number of open accounts Oct. 31, 1889....................................
3,420
Expenses of the corporation for the year ending Oct. 31, 1889 (exclusive of
t a x e s ),....................................................................................................................
3,093 80
Amount of deposits, not including dividends, received during the year end­
ing Oct. 31, 1889.....................................................................................................
179,035 50
Number of s a m e , ..........................................................................................2,134
Amount of withdrawals, including dividends, during the year ending Oct.
31, 1 8 8 9 , ............................................................................................................
156,156 56
Number of s a m e , .......................................................................................... 1,747
Date of examination by commissioner: June 28.


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Federal Reserve Bank of St. Louis

1890.]

143

P U B L IC D O CU M EN T — No. 8.

Classification o f Deposits received during the Year ending Oct. 3 1 ,1 8 8 9 .
Num­
ber.
O f $50 and less,
Exceeding $50, and not
more than $100, .
Exceeding $100, and not
more than $200, .
Exceeding $200, and not
more than $500, .
Exceeding $500, and less
than $1,000, .
O f $1,000 or more, .

Num­
Amount.

1,508

$30,757 08

299

25,051 94

152

24,109 79

98

34,632 49

42
35

29,484 20
35,000 00

2,134

$179,035 50

ber.
T o the credit —
O f women, hoth adult
and minor,
O f guardians,
O f religious and chari­
table associations, .
In trust, .
.
.
.

Amount.

999
8

$86,251 28
2,248 00

43
72

2,584 03
14,383 50

Co m m o n w e a l t h of M a ss a c h u s e t t s .
E s s e x , s s ., N o v . 1, 1889.

Personally appeared A. F. Welch, Treasurer of the Danvers Savings Bank, and
made oath that the foregoing statement, by him subscribed, is a true and correct
statement of all the resources and liabilities of said institution, and that the answers
made by him to the foregoing interrogatories contain the whole truth in reference to the
matters to which they relate, according to his best knowledge and belief.
Before me,

A l d e n P. W h i t e , Justice o f the Peace.

E s s e x , s s ., N o v . 1, 1889.

Personally appeared Augustus Mudge, President, and Israel H. Putnam, Francis
Dodge, Charles H. Gould, J. Frank Porter and Austin S. Richards, trustees of said cor­
poration, and severally made oath that the annexed report is correct, according to their
best knowledge and belief.
Before me,
A l d e n P. W h i t e , Justice o f the Peace.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

144

[Jan.

B A N K CO M M ISSIO N ERS’ R E PO R T

D E D H A M IN S T IT U T IO N FOR S A V IN G S — D E D H A M .

Incorporated 1831.

Present number of corporators, 93.

A u g u s t u s B . E n d ic o t t , President.

A l f r e d H e w i n s , Treasurer.

A l f r e d H e w i n s , Clerk o f the Corporation.

Names of committee charged with the investment of its funds:
A u g u s t u s B. E n d ic o t t ,

J o h n R. B u l l a r d ,

H o w ar d Co lbu rn,

D on G l e a s o n H i l l ,

W in s l o w W a r r e n .

Open for business every business day, 9

a .m .

to 12.30

p . m .,

2 to 4 p . m .

B alance Sheet , O ctober 31,1889.

L ia b il it ie s .

A ssets.

Public funds as per schedule, .
Bank stock as per schedule,
Loans on bank stock,
Railroad bonds as per schedule,
Real estate (for banking pur­
poses), ....................................
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
(n o te s ),....................................
Deposit in bank, on interest,
Deposit in bank, not on interest,

$351,000
75.500
500
720,500

00
00
00
00

15,000
1,800
544,005
436,200

00
00
00
00

Deposits, .
Guaranty fund,
Profit and loss ac­
count, .

$2,080,276 58
98,808 38
85,158 93

55.500 00
62,238 89
2,000 00
$2,264,243 89

$2,264,243 89

Cash on Deposit in Bank: —
$61,238 89

Dedham National Bank, Dedham,

Loans on Bank Stock, amount on each : —
On 2 shares Boylston National Bank, Boston,
On 3 shares Dedham National Bank, Dedham,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$200 00
.

300 00

1890.]

145

PU B L IC D O CU M EN T — No. 8

Detailed Statement o f Public Funds.

Estimated

Par Value.

$112,000 I
City of Boston, Mass., 4s, .
10,000 $
of Boston, Mass., 6s, .
6,000
of Charlestown, Mass , 6s, .
1,000
of Cleveland, Ohio, 6s,
20,000
of Cleveland, Ohio, 5s,
10,000
of Columbus, Ohio, 4s,
20,000
District of Columbia 6s,
30,000
District of Columbia 5s,
10,000
City of Fall River, Mass., 6s,
10,000
of Grand Rapids, Mich , 5 s ,.
8,000
of Grand Rapids, Mich., 8 s ,.
2,000
Town of Lincoln, Mass., 6s,
10,000
City of Malden, Mass., 6s, .
18,000
of Manchester, N. H., 6s,
5,000
Town of Melrose, Mass., 7s,
9,000
City of Portland, Me., 6s,. .
20,000
of Providence, R. I., 4is,
5,000
Town of So. Norwalk, Conn., 6s,.
5,000
City of Woburn, Mass , 6s, .
40,000
of Springfield, Ohio, 4^s,
$351,000
*A

Amount Invested.

Market Value.

<R1

^ $112,000 00
l
10,000 00
6,000 00
1,000 00
20,000 00
10,000 00
20,000 00
30,000 00
10,000 00
10,000 00
8,000 00
2,000 00
10,000 00
18,000 00
5,000 00
9,000 00*
20,000 00
5,000 00
5,000 00
40,000 00

990 00

6,180
1,150
22,000
10,000
20,500
32,400
11,000
11,000
9,280
2,180
10,500
19,440
5,450
11,250
21,000
5,500
5,450
46,000

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

$351,000 00

$375,500 00

legal investment when made.

No. of
Shares.

Detailed Statement o f Bank Stocks.

145
75
75
150
25
40
60
50
25
25
85

Par Value.

Atlas National Bank, Boston,
Blackstone N’l Bank, Boston,
N’l B’k of Commerce, Boston,
Dedham Nat'l Bank, Dedham,
Globe National Bank, Boston,
Howard Nat’l Bank, Boston, .
People’s Nat’l Bank, Boston, .
Shawmut Nat’l Bank, Boston,
State National Bank, Boston,
National Union Bank, Boston,
Nat’l Webster Bank, Boston,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Estimated
Market Value.

$14,500
7,500
7,500
15,000
2,500
4,000
6,000
5,000
2,500
2,500
8,500

$17,255
8,400
9,525
17,100
2,450
4,320
9,600
6,500
3,050
3,625
8,160

00
00
00
00
00
00
00
00
00
00
00

$75,500

$89,985 00

Amount Invested

$14,500
7,500
. 7,500
15,000
2,500
4,000
6,000
5,000
2,500
2,500
8,500

00
00
00
00
00
00
00
00
00
00
00

$75,500 00

146

B A N K CO M M ISSIO N ERS’ R E PO R T.

[Jan

Detailed Statement o f Railroad Bonds.
Estimated
Market Value.

Androscoggin & Kennebec R.R. 6s,
Boston & Albany R.R. 7s,
Boston, Barre & Gardner R.R. 7s, .
Boston, Barre & Gardner R.R. 5s, .
Boston, Clinton, Fitchburg & New
Bedford R.R. 5s, .
Boston, Clinton & Fitchburg R.R. 7s,
Boston,Revere Beach &Lynn R.R. 6s,
Boston & Maine R.R. 7s,.
Boston & Lowell R.R. 7s,
Boston & Lowell R.R. 6s,
Boston & Lowell R.R. 5s,
Boston & Lowell R R. 4^s,
Boston, Winthrop & Shore R.R. 5s,
Concord & Claremont R.R. 7s,
Conn. & Passumpsic Rivers R.R. 7s,
Eastern R.R. 6s,
. . .
Fitchburg R R. 5s, .
Fitchburg R.R. 4s, .
Leeds & Farmington R.R. 6s, .
Lowell & Andover R.R 6s,
Maine Central R.R. 7s, .
Nashua & Lowell R.R. 6s,
Nashua & Rochester R.R. 5s, .
New Bedford R.R. 7s,
Newport & Richford R.R. 5s, .
New York, Prov. & Boston RR. 7s,
Old Colony R.R. 7s,.
Old Colony R R. 6s, .
Portland & Ogdensburg R.R. 6s,
Salem & Lowell R.R. 7s,.
Vermont & Massachusetts R.R. 5s,.
Worcester & Nashua R.R. 5s, .

Amount Invested.

$3,000
25,000
23,000
2,000

$3,075
26,500
25,070
2,060

00
00
00
00

$3,000
25,000
23,000
2,000

35,000
1,000
11,000
56,000
55,500
26,000
5,000
5,000
25,000
1,000
78,500
29,000
15,000
45,000
4,500
9,000
20,000
2,000
5,500
2,000
35,000
30,000
5.000 I
5.000 \
31,500
10,500
119,000
500

40,250
1,030
12,430
63,025
59,385
29,640
5,500
5,300
28,000
1,075
84,780
36,250
15,750
45,000
5,040
9,720
24,400
2,160
5,720
2,220
37,800
37,200

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

35,000
1,000
11,000
56,000
55,500
26,000
5,000
5,000
25,000
1,000
78,500
29,000
15,000
45,000
4,500
9,000
20,000
2,000
5,500
2,000
35,000
30,000
$ 5,000
1 5,000
31,500
10,500
119,000
500

$720,500

11,200 00
37,170
12,075
124,950
510

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
00
00
00

$794,285 00 $720,500 00

* A legal investment when made.

Total Amount o f Loans with Each Specified Rate o f Interest, including
Deposits in Banks on Interest.

Amount.

Bate.

$62,238 89
110,500 00
120,000 00

2 per cent.
4
G
“


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Amount.

$118,000 00
140,000 00
11,500 00

Eate.

Amount.

Eate.

4j per cent.
4|
“
5
»

$3,000 00
533,205 00

5£ per cent.
6

1890.]

147

P U B L IC DO CU M EN T — No. 8.

Amount invested in real estate for banking purposes, .
.
.
.
Estimated value of the s a m e , ...............................................................
Assessed value of the s a m e ,........................................................................
Net income received from same during year ending Oct. 31, 1889,
Value, by books, of other real estate, held by foreclosure or otherwise,
Assessed value of the s a m e ,.......................................................................
Net income received from same during year ending Oct. 31, 1889. Posses
sion taken October, 1889.
. 456
Number of loans which are of an amount not exceeding $3,000 ei

$15,000
15.000
10.000
739
1,800
1,500

00
00
00
74
00
00

Aggregate amount of the s a m e , ......................................................
Total number of loans upon real estate,
.
.
.
.

444,555 00
. 459
, dur-

117,769 06
cent., f 38,416 14
38,841 52
year ending Oct. 31, 1 8 8 9 ,...................................................... J 2 per cent., i
Times for the dividends fixed by the by-laws: second Saturday in May
and November.
Number of accounts opened during the year ending Oct. 31, 1889,
. 645
Number of accounts closed during the year ending Oct. 31, 1889,
. 493
Total number of open accounts Oct. 31, 1889,
.
.
.
.
5,601
Expenses of the corporation for the year ending Oct. 31, 1889 (exclusive
of taxes),
...........................................................................................................
5,857 27
Amount of deposits, not including dividends, received during the year end­
283,308 85
ing Oct. 31, 1889,...................................................................................................
Number of s a m e , ..........................................................................................3,424
Amount of withdrawals, including dividends, during the year ending Oct.
280,439 69
31, 1 8 8 9 , ...........................................................................................................
Number of s a m e , ..........................................................................................2,518
Date of examination by commissioner: July 16.
ing year ending Oct. 31, 1889,

Classification o f Deposits received during the Year ending Oct. 3 1 ,1 8 8 9 .

O f $50 and less,
Exceeding $50, and
more than $100, .
Exceeding $100, and
more than $200, .
Exceeding $200, and
more than $500, .
Exceeding $500, and
than $1,000, .
O f $1,000 or more, .

Num­
ber.

Num­
ber.

Amount.

2,288

$52,931 82

578

48,432 44

278

43,318 20

194

68,320 13

53
33

37,306 26
33,000 00

3,424

$283,308 85

not
not
not

To the credit—
O f women, both adult
and minor,
O f guardians,
O f religious and charitable associations, .
In trust, .
.

Amount.

1,563
12

$121,9S1 85
4,906 78

41
421

3,196 53
27,278 65

less

C o m m o n w e a l t h of M a s s a c h u s e t t s .

N orfolk ,

s s .,

Nov. 2, 1889.

Personally appeared Alfred Hewins, Treasurer of the Dedham Institution for Savings,
and made oath that the foregoing statement, by him subscribed, is a true and correct
statement of all the resources and liabilities of said institution, and that the answers
made by him to the foregoing interrogatories contain the whole truth in reference to the
matters to which they relate, according to his best knowledge and belief.
Before me,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

L e w i s H. K i n g s b u r y , Justice o f the Peace.

148

B A N K COM M ISSIO N ERS’ R E PO R T.

[Jan.

N o r f o l k , s s ., N o v . 4, 1889.

Personally appeared Augustus B. Endicott, President, and Calvin Guild, Howard
Colburn, Don Gleason Hill, J. H. Burdakin and A. Ward Lamson, trustees of said cor­
poration, and severally made oath that the annexed report is correct, according to their
best knowledge and belief.


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Federal Reserve Bank of St. Louis

Before me,

L e w i s H. K i n g s b u r y , Justice o f the Peace.

149

PTTRTJf! D O CU M EN T — No. 8.

E A ST BOSTON S A V IN G S B A N K — EA ST BOSTON.
Incorporated 1848.

Present number of corporators, 28.

G e o r g e T. S a m p s o n , President.

W m . B. P ig e o n , Treasurer.

W m . B. P ig e o n , Clerk o f the Corporation.

Names of committee charged with the investment of its funds :
Jo h n T h o m p s o n ,

W m . B . P ig e o n ,

A . M. M o r t o n ,
N. M. J e w e t t ,

E. M. M cP h e r s o n ,

G e o r g e L. T h o r n d i k e ,

R ufus C u s h m a n ,

R o b e r t Cr o s b ie .

Open for business every business day, 9

E d w a r d B r ig h a m ,

. to 2 p . m . ;

a .m

B ala n ce Sh e e t , O ctober

31, 1889.

L ia b il it ie s .

A ssets.

Public funds as per schedule, .
Bank stock as per schedule,
Railroad bonds as per schedule,
Real estate (for banking pur­
poses),
...................................
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Deposit in bank, on interest,
Expense account,
Cash on hand, .
.
.
.

also Saturday, 7 to 9 p . m .

$59,000 00
257.000 00
116,500 00
14,601
6,487
1,062,224
510.000
30,620
2,227
2,038

49
24
00
00
47
62
33

Deposits, .
Guaranty fund,
Interest account,
Profit and loss ac­
count,

$1,928,403 38
73,420 88
20,228 45
38,646 44

$2,060,699 15

$2,060,699 15

Cash on Deposit in Bank : —
First Ward National Bank, East B o s t o n ,......................................................$30,620 47

Detailed Statement o f Public Funds.

Par Value.

City of
of
of
of
of
of

Cleveland, Ohio, 5s, .
Cleveland, Ohio, 6s, .
Detroit, Mich , 6s,
Fort Wayne, Ind., 6s, .
Grand Rapids, Mich., 5s,
Springfield, Ohio, 4^s,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$16,000
9.000
8.000
3.000
6.000
• 17,000
$59,000

Estimated
Market Value.

$18,600
11,22(5
10,700
3,573
6,900
19,607

Amount Invested.

00
00
00
00
00
00

$16,000 00
9.000 00
8.000 00
3.000 -00
6.000 00
17,000 00

$70,600 00

$59,000 00

150

B A N K CO M M ISSIO N ERS’ R E PO R T.

[Jan.

No. of
Shares.

Detailed Statement o f Bank Stocks.

47
50
200
50
50
100
170
100
115
125
250
200
75
78
2
85
25
50
49
12
50
150
100
100
34
105
100
75
50
5

Par Value.

Atlantic Nat’l Bank,.Boston, ..
Atlas National Bank, Boston, .
Boston Nat’l Bank, Boston,
Blackstone N’l Bank, Boston, .
Boylston Nat’l Bank, Boston, .
Continental N’l Bank, Boston,
N’l B’k of Commerce, Boston,
National Eagle Bank, Boston,
Eliot National Bank, Boston, .
First Ward Nat’l Bank, Boston,
Freeman’s Nat’l Bank, Boston,
Globe National Bank, Boston,
N’l Hide & Leather B’k, Boston,
Howard Nat’l Bank, Boston, .
Mechanics’ N’l Bank, Boston,.
Merchants’ N’l Bank, Boston,.
Merchandise N’l Bank, Boston,
Market Nat’l Bank, Boston,
Mt. Yernon Nat’l Bank, Boston,
Massachusetts N’l B’k, Boston,
Manufacturers’ N ’1B’k, Boston,
N’l B’k of No. America, Boston,
Nat’l Revere Bank, Boston,
N’l B’k of the Republic, Boston,
N’l B’k of Redemption, Boston,
Suffolk Nat’l Bank, Boston, .
State National Bank, Boston, .
Shoe & Leather N’l B’k, Boston,
Tremont Nat’l Bank, Boston, .
Nat’l Webster Bank, Boston, .

$4,700
5,000
20,000
5,000
5,000
10,000
17,000
10,000
11,500
12,500
25,000
20,000
7,500
7,800
200
3,500
2,500
5,000
4,900
3,000
5,000
15,000
10,000
10,000
3,400
10,500
10,000
7,500
5,000
500
$257,000

Estimated
Market Value.

$6,697
5,913
24,400
5,637
6,900
12,250
21,760
10,300
15,122
•16,563
25,937
19,700
9,000
8,580
260
4,979
1,716
5,000
6,836
3,292
5,256
18,338
12,400
16,700
4,573
12,101
12,100
7,069
5,800
500

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

Amount Invested.

$4,700
5,000
20,000
5,000
5,000
10,000
17,000
10,000
11,500
12,500
25,000
20,000
7,500
7,800
200
3,500
2,500
5,000
4,900
3,000
5,000
15,000
10,000
10,000
3,400
10,500
10,000
7,500
5,000
500

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

$305,679 00 $257,000 00

Detailed Statement o f Railroad Bonds.

Par Value.

Boston & Albany R.R. 6s,
Boston & Albany R.R. 7s,
Boston & Maine R.R. 7s, .
Boston, Clinton & Fitchburg R.R. 5s,
Dexter & Piscataquis R.R. 4s,.
Fitchburg R.R. 7s, .
Maine Central R.R. 7s, .
Maine Central R.R. 6s, .
Old Colony R.R. 7s,.
Old Colony R.R. 6s,.
Portland & Ogdensburg R.R. 6s,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

-

$5,000
11,000
21,500
1,000
10,000
3,000
20,000
6,000
5,000
21,000
13,000
$116,500

Estimated
Market Value.

$5,600
11,935
23,935
1,170
10,250
3,330
24,600
7,200
5,650
24,150
15,470

00
00
00
00
00
00
00
00
00
00
00

$133,290 00

Amount Invested.

$5,000
11,000
21,500
1,000
10,000
3,000
20,000
6,000
5,000
21,000
13,000

00
00
00
00
00
00
00
00
00
00
00

$116,500 00

1890.]

151

PU B L IC DO CU M EN T — No. 8

Total Amount o f Loans with Each Specified Bate o f Interest, including
Deposits in Banks on Interest.

Rate.

Amount.

$30,620
55.000
82.000
165,000

47
00
00
00

Amount.

2| per cent.
4
4^
«
4i
“

$25,000
149,000
562,450
3,000

Rate.

00
00
00
00

4§ per cent.
4|
“
5
5i

Amount.

$233,100
293,674
200
3,800

Rate.

00
00
00
00

5J per cent.
6
«
6è
“
7

Amount invested jn real estate for banking purposes,....................................
Estimated value of the sam e,................................................................................
Assessed value of the s a m e ,................................................................................
Net income received from same during year ending Oct. 31, 1889,
Value, by books, of other real estate, held by foreclosure or otherwise,
Assessed value of the s a m e , ...............................................................................
Net income received from same during year ending Oct. 31, 1889,
Number of loans which are of an amount not exceeding $3,000 each, . 457
Aggregate amount of s a m e , ...............................................................................
Total number of loans upon real estate........................................................515
Gross amount of interest or profits received or earned, as per books, during
year ending Oct. 31, 1 8 8 9 , ...............................................................................
Rate and amount of each semi-annual dividend during the ¿2 per cent., $
year ending Oct. 31, 1 8 8 9 , .....................................................>2 per cent., f
Times for the dividends fixed by the by-laws: third Wednesday in
January and July.
Number of accounts opened during the year ending Oct. 31, 1889,
1,777
Number of accounts closed during the year ending Oct. 31, 1889,
1,118
Total number of open accounts Oct. 31, 1889,
.
.
.
.
7,518
Expenses of the corporation for the year ending Oct. 31, 1889 (exclusive
of taxes)..................................................................................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 3 1 , 1 8 8 9 , .........................................................................................
Number of s a m e , ............................................................................... 13,144
Amount of withdrawals, including dividends, during the year ending Oct.
31, 1889.....................................................................................................................
Number of s a m e , ................................................................................7,898
Date of examination by commissioner: February 28.

$14,601
22,500
23,000
1.487
6.487
7,200
628

49
00
00
77
24
00
49

629,674 00

101,862 52
32,526 94
33,615 87

6,523 02
647,724 00

545,215 95

Classification o f Deposits received during the Year ending Oct. 3 1 , 1889.
Num­
ber.
O f $50 and less,
Exceeding $50, and
more than $100, .
Exceeding $100, and
more than $200, .
Exceeding $200, and
more than $500, .
Exceeding $500, and
than $1,000, .
O f $1,000 or more, .


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Num­

Amount.

10,721

$179,873 00

1,313

107,460 00

563

87,652 00

371

130,361 00

120
56

85,413 00
56,965 00

13,144

$647,724 00

not
not
not
less

ber.
To the credit —
Of women, both adult
and minor,
O f guardians,
O f religious and char­
itable associations, .
In trust, .
.
.
.

Amount.

4,812
19

$244,517 00
6,018 00

99
944

12,725 00
49,751 00

152

B A N K CO M M ISSIO N ERS’ R E PO R T.

Com

m on w ealth

of

M

[Jan.

assach u setts.

S u f f o l k , s s ., N o v . 9, 1889.
Personally appeared Win. B. Pigeon, Treasurer of the East Boston Savings Bank,
and made oath that the foregoing statement, by him subscribed, is a true and correct
statement of all the resources and liabilities of said institution, and that the answers
made by him to the foregoing interrogatories contain the whole truth in reference to the
matters to which they relate, according to his best knowledge and belief.

Before me,

A

ndrew

P.

F

is h e r

Suffolk,

,

Notary Public.

s s .,

N

ov.

9, 1889.

Personally appeared Geo. T. Sampson, President, and John Thompson, Wesley A.
Gove, Andrew M. Morton, Rufus Cushman and Geo. L. Thorndike, trustees of said
corporation, and severally made oath that the annexed report is correct, according to
their best knowledge and belief.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Before me,

A

n drew

P.

F

is h e r

,

Notary Public.

E A ST B R ID G E W A T E R SA V IN G S
B R ID G E W A T E R .

Incorporated 1870.
K. E.

153

P U B L IC D O CU M EN T — No. 8

1890.]

Sheldon,

B A N K — EA ST

Present number of corporators, 42.
J. N.

President.
I. N.

N

,

utter

N

utter

,

Treasurer.

Clerk o f the Corporation.

Names of committee charged with the investment of its funds:
K.

E.

Sheldon,

Sa m ’l K
A

aron

e it h

H

fo r

G

o b ’t

eo

F.

obart,

R

Open

John H

,

C.

K

.

obart,

M.

K

e it h

,

S. S tr o n g ,

e it h

.

business every business day, except Wednesday, 9

a .m

.

to 12

m

.,

2 to 4

p .m

.

B a l a n c e Sh e e t , O ctober 31, 1889.

L ia b il it ie s .

A ssets.

Public funds as per schedule, .
Bank stock as per schedule,
Loan on bank stock, .
Railroad bonds as per schedule,
Real estate (for banking purp o s e s ) , ....................................
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
(n o te s ),....................................
Loans on depositors’ books,
Deposit in bank, on interest,
Expense account,
Bank building account,
I n t e r e s t ,....................................
Cash on hand................................

$1,900
70,508
200
38,000

00
55
00
00

Deposits, .
Guaranty fund,
Interest account,
Suspense account,

.

$566,713
15,281
11,833
100

22
93
67
00

12,000 00
280,985 00
164,875 00
3,000
150
8,070
594
248
2
13,394

00
00
23
48
56
14
86
$593,928 82

$593,928 82

Cash on Deposit in Bank: —
Tremont National Bank, B o sto n ,.......................................................................

$8,070 23

Loan on Bank Stock: —
On 5 shares Brockton National Bank, Brockton, .


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

.

.

.

.

.

$200 00

154

B A N K COM M ISSIO N ERS’ R E P O R T .

[Jan.

Detailed Statement o f Public Funds.

Par Value.

$2,000

Town of Woburn, 6s,

Estimated
Market Value.

$2,120 00

Amount Invested.

$1,900 00

No. of
Shares.

Detailed Statement o f Bank Stocks.

25
10
17
50
25
35
10
23
20
40
20
20
50
20
22
60
25
50
40
50
40
20

Par Value.

National City Bank, Boston,
N’l B’k of the Commonwealth,
Boston,
.
.
.
.
National Eagle Bank, Boston,
Fourth National Bank, Boston,
Freeman’s Nat’l Bank, Boston,
Globe National Bank, Boston,
Hamilton Nat’l Bank, Boston,
N’l Hide & Leather B’k,Boston,
Market Nat’l Bank, Boston,.
Manufacturers’N’l B’k, Boston,
Merchandise N’l Bank, Boston,
N’l B’k of No. America, Boston,
N’l B’k of Redemption, Boston,
Shawmut Nat’l Bank, Boston,
State National Bank, Boston,
Third National Bank, Boston,
Traders’ Nat’l Bank, Boston,
Tremont Nat’l Bank, Boston,
Nat’l Webster Bank, Boston,
Brockton N’l Bank, Brockton,
Home Nat’l Bank,Brockton, .
First N’l Bank, West Newton,

$2,500

Estimated
Market Value.

$2,375 00
1,700
1,751
5,875
2,587
3,430
1,220
2,760
1,960
4,180
1,390
2,440
6,725
2,540
2,662
6,270
2,375
5,665
4,000
5,750
5,200
2,000

1,000
1,700
5,000
2,500
3,500
1,000
2,300
2,000
4,000
2,000
2,000
5,000
2,000
2,200
6,000
2,500
5,000
4,000
5,000
4,000
2,000
$67,200

00
00
00
50
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

$74,855 50

Amount Invested.

$2,500 00
1,225
1,700
5,000
2,500
3,3UU
1,250
2,300
2,000
4,000
2,000
2,000
6,500
2,000
2,471
6,002
2,500
5,480
4,000
5,000
4,580
2,000

00
00
00
00
00
00
00
00
00
00
00
00
00
25
30
00
00
00
00
00
00

$70,508 55

Detailed Statement o f Railroad Bonds.

Par Value.

Old Colony R.R. 6s,
. . .
Eastern R.R. 6s,
Boston,Revere Beach & Lynn R.R. 6s,
Newport & Richford R.R. 5s, .
Vermont & Massachusetts R.R. 5s,
Nashua & Rochester R.R. 5s, .
Fitchburg R.R. 5s, .


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$6,795
6,300
4,540
5,250
5,500
3,150
10,650

$6,000
5.000
4.000
5.000
5.000
3.000
10,000
$38,000

*A

Estimated

Amount Invested.

Market Value.

00
00
00
00
00
00
00

$42,185 00

legal investment when made.

$6,000
5.000
4.000
5.000
5.000
3.000
10,000

00
00*
00
00
00
00
00

$38,000 00

155

P U B L IC D O CU M ENT — No. 8.

1890.]

Total Amount o f Loans with Each Specified Rate o f Interest, including
Deposits in Banks on Interest.

$8,070 23
6,300 00

Rate.

Rate.

Amount.

Rate.

Amount.

2£ per cent.
4

$116,700 00
57,000 00

5 per cent.
5h
“

$269,210 00

Amount.

6 per cent.

$ 12,000 00
Amount invested in real estate for banking purposes,....................................
12,000 00
Estimated value of the same,................................................................................
8,400 00
Assessed value of the s a m e ,.................................................................................
Number of loans which are of an amount not exceeding $3,000 each,. 274
250,760 00
Aggregate amount of the s a m e , ........................................................................
Total number of loans upon real e s t a t e , ............................................. 261
Gross amount of interest or profits received or earned, as per books, during
29,964 79
year ending Oct. 31, 1 8 8 9 ,............................................................... ' .
11,527 68
Rate and amount of each semi-annual dividend during the ) 2J per cent., f
11,909 66
year ending Oct. 31, 1 8 8 9 ,......................................................J 2^ per cent., 1
Times for the dividends fixed by the by-laws : first Monday in January
and Jul}r.
Number of accounts opened during the year ending Oct. 31, 1889,
. 237
Number of accounts closed during the year ending Oct. 31, 1889,
. 168
Total number of open accounts Oct. 31, 1889,
.
.
.
.
1,722
Expenses of the corporation for the year ending Oct. 31, 1889 (exclusive
1,619 00
of t a x e s ) , ...........................................................................................................
Amount of deposits, not including dividends, received during the year end­
102,760 21
ing Oct. 31, 1889.....................................................................................................
Number of same...................................................................................... 1,260
Amount of withdrawals, including dividends, during the year ending Oct.
94,453 04
31, 1 8 8 9 , ...........................................................................................................
Number of s a m e , .................................................................................1,082
Date of examination by commissioner: August 30.

Classification o f Deposits received during the Year ending Oct. 3 1 ,1 8 8 9 .
Number.
O f $50 and less,
Exceeding $50, and
more than $100, .
Exceeding $100, and
more than $200, .
Exceeding $200, and
more than $500, .
Exceeding $500, and
than $1,000, .
O f $1,000 or more, .


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Number.

Amount.

860

$16,636 87

186

15,305 73

105

16,889 99

73

24,970 75

23
13

15,956 87
13,000 00

1,260

$102,760 21

not
not
not
less

To the credit —
O f women, both adult
and minor,
O f guardians,
Of religious and chari
table associations, .
In trust................................

Amount.

486
7

$37,682 04
667 00

22
83

1,536 66
11,785 51

156

B A N K CO M M ISSIO N ERS’ R E PO R T.

Com

m on w ealth

of

M

[Jan.

assach u setts.

P

lym ou th

,

s s .,

N

ov.

16, 1889.

Personally appeared Isaac N. Nutter, Treasurer of the East Bridgewater Savings Bank,
and made oath that the foregoing statement, by him subscribed, is a true and correct
statement of ail the resources and liabilities of said institution, and that the answers
made by him to the foregoing interrogatories contain the whole truth in reference to the
matters to which they relate, according to his best knowledge and belief.
Before me,

R

obert

O.

H

P

a r r is

,

Justice o f the Peace.

lym ou th

,

s s .,

N

ov.

16, 1889.

Personally appeared K. E. Sheldon, President, and Sam’l Keith, Rob’t C. Keith,
Geo. M. Keith, John Hobart and K. E. Sheldon, trustees of said corporation, and
severally made oath that the annexed report is correct, according to their best knowledge
and belief.
Before me,
R o b e r t 0 . H a r r i s , Justice o f the Peace.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

1890.]

P U B L IC D O CU M EN T — No. 8.

157

E A ST CA M BR ID G E F IV E CENTS S A V IN G S B A N K —
CA M BR ID G E .

Incorporated April 29, 1854.
G

eokge

Steven s,

Present number of corporators, 34.
V m. E.

President.
W m . E.

L

loyd

,

L

loyd

,

Treasurer.

Clerk o f the Corporation.

Names of committee charged with the investment of its funds :
G

eorge

A

ndrew

Stevens,

J.
K

G

Joseph

reen

,

Jam

now lton

S. C h

es

affee

H. T

M.

P

yler

r ic e

,

,

.

Open for business every business day, 9

a .m

.

to 1 p . m .

B ala n c e Sh e e t , O ctober 31, 1889.

A ssets.

Bank stock as per schedule,
Railroad bonds as per schedule,
Real estate (for banking pur­
poses),
...................................
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
(notes), ....................................
Deposits in banks, on interest, .
Deposit in bank, not on interest,
Expense account,
Sixty shares East Cambridge
Land Co.,
.
.
.
.
Cash on hand, .
.
.
.

L ia b il it ie s .

$135,716 67
39,000 00
3.000
15,300
961,252
385,298

00
00
46
46

8.000
10,448
3,000
146

00
43
00
85

1 00
642 41
$1,561,806 28

Deposits, .
Guaranty fund,
Interest account,
Profit and loss ac­
count, .

$1,471,760 77
65,868 11
1,317 50
22,859 90

•
$1,561,806 28

Cash on Deposit in Banks, amount in each : —
Cambridge National Bank, C a m b r i d g e , ...................................................... $10,000 00
Lechmere National Bank, Cambridge,...............................................................
3,448 43


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Federal Reserve Bank of St. Louis

158

B A N K C O M M IS S IO N E D ’ R E P O R T .

[Jan

No. of
Shares.

Detailed Statement o f Bank Stocks.

7
54
63
41
30
12
20
50
21
60
2
50
40
67
40
5
10
58
16
115
38
5
67
20
19
183
76
24
51
26
33
25
15
30
13
11

Par Value.

Atlas National Bank, Boston,.
Blackstone N’l Bank, Boston,.
Boston Nat’l Bank, Boston, .
Bunker Hill N’l Bank, Boston,
Continental N’l Bank, Boston,
Eliot National Bank, Boston,.
Faneuil Hall N ’l B’k, Boston,
First Ward N’l Bank, Boston,
Globe National Bank, Boston,
Howard Nat’l Bank, Boston, .
Massachusetts N’l B’k,Boston,
Merchants’ N’l Bank, Boston,
Metropolitan N’l B’k, Boston,
N ’l B’k of Commerce, Boston,
N ’l B’k of the Commonwealth,
Boston,
.
.
.
.
N’l B’k of No. America, Boston,
N’l B’k of Redemption, Boston,
N’l B’k of the Republic, Boston,
N’l Exchange Bank, Boston, .
N ’l Hide & Leather B’k, Boston,
Nat’l Revere Bank, Boston, .
Nat’l Union Bank, Boston,
Nat’l Webster Bank, Boston,.
New England N’l B’k, Boston,
North Nat’l Bank, Boston,
Third Nat’l Bank, Boston,
Tremont Nat’l Bank, Boston,.
Charles River National Bank,
Cambridge, .
.
.
.
Lechmere N’l B’k, Cambridge,
City Nat’l Bank, Cambridge,.
Concord Nat’l Bank, Concord,
First National Bank, Malden,
First N ’l Bank, Marlborough,
Merchants’ N’l B’k, Newburyp o r t , ..................................
Newton Nat’l Bank, Newton,
Fall River N’l B’k, Fall River,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Estimated
Market Value.

Amount Invested.

$700
5,400
6,300
4,100
3,000
1,200
2,000
5,000
2,100
6,000
500
5,000
4,000
6,700

$854
6,102
7,812
8,077
3,750
1,584
2,880
6,650
2,100
6,600
550
7,250
4,120
8,777

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

$700
5,400
6,300
4,100
3,000
1,200
2,000
4,000
2,100
6,000
500
5,000
4,000
6,700

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

4,000
500
1,000
5,800
1,600
11,500
3,800
500
6,700
2,000
1,900
18,300
7,600

6,800
590
1,380
9,802
2,080
14,375
5,138
730
6,767
3,300
2,698
19,215
8,745

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

4,000
500
1,000
5,800
1,600
11,500
3,800
500
6,700
2,000
1,900
18,300
7,600

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

2,400
5,100
2,600
3,300
2,500
1,500

3,480
8,670
4,160
4,620
3,375
1,650

00
00
00
00
00
00

2,400
5,066
2,600
3,300
2,500
650

00
67
00
00
00
00

600
1,300
1,100

750 00
1,300 00
1,210 00

600 00
1,300 00
1,100 00

$137,600

$177,941 00

$135,716 67

159

P U B L IC DO CU M EN T — No. 8.

1890.]

Detailed Statement of Railroad Bonds.

Par Value.

Eastern R.R. 6s,
. . .
Boston & Albany R.R. 7s,
Fitchburg R.R. 4is, .
.
.

*A

.

Estimated
Market Value.

$8,500
15.000
20.000

$10,880 00
16,500 00
20,200 00

$43,500

$47,580 00

Amount Invested.

$4,000 00*
15.000 00
20.000 00
$39,000 00

legal investment when made.

Total Amount o f Loans with Each Specified Rate o f Interest, including
Deposits in Banks on Interest.

Rate.

Amount.

$948
1,448
9.000
8.000

46
43
00
00

0

per cent.

H

“

H

“

2

$135,000
140,000
30,000
302,625

Rate.

Amount.

Rate.

Amount.

i

00
00
00
00

$118,550 00
618,752 46
675 00

4 per cent.
4è
“
4|
5

5J per cent.
6
7

Amount invested in real estate for banking purposes, .
Estimated value of the same.................................................................
Assessed value of the s a m e ,..............................................................
Net income received from same during year ending Oct. 31, 1889,
Value, by books, of other real estate, held by foreclosure or otherwise,
Assessed value of the same, ...............................................................
Net income received from same during year ending Oct. 31, 1889,
Number of loans which are of an amount not exceeding $3,000 each, 438
Aggregate amount of the same,
Total number of loans upon real estate....................................................... 475
Amount of investments from which no income is received,
Gross amount of interest or profits received or earned, as per books, during
year ending Oct. 31, 1889, .
îe ) 2 per cent., f
Rate and amount of each semi-annual dividend during the
. ) 2£ per cent., (
year ending Oct. 31, 1889, .

$3,000 00
7,000 00
7,000 00

234
15,300
20,700
625

18
00
00
00

541,527 46
948 46
78,9*20 35
25,857 10
33,185 05

Times for the dividends fixed by the by-laws: April 15 and October 15.
Number of accounts opened during the year ending Oct. 31, 1889,
1,497
Number of accounts closed during the year ending Oct. 31, 1889,
1,086
Total number of open accounts Oct. 31, 1889,
.
.
.
.
6,238
Expenses of the corporation for the year ending Oct. 31, 1889 (exclusive of
taxes)........................................................
Amount of deposits, not including dividends received during the year ending Oct. 31, 1889,....................................
11,169
Number of s a m e , ....................................
Amount of withdrawals, including dividends, during the year ending Oct.
31, 1889,
.
.
.
.
.
.
Number of s a m e , ...............................................................
Date of examination by commissioner: January 10.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

3,647 55
401,730 03

371,517 81
•

•

5,927

160

B A N K CO M M ISSIO N ERS’ R E P O R T .

[Jan.

Classification o f Deposits received during the Year ending Oct. 3 1 ,1 8 8 9 .

*
O f $50 and less,
Exceeding $50, and
more than $100, .
Exceeding $100, and
more than $200, .
Exceeding $200, and
more than $500, .
Exceeding $500, and
than $1,000, .
O f $1,000 or more, .

Num­
ber.

Amount.

9,772

$145,647 25

821

73,413 99

291

45,968 49

not
not

Num­
ber.

To the credit —
O f women, both adult
and minor,
O f guardians,
In trust,

4,817
3
1,148

Amount.

$145,000 21
1,532 06
34,229 30

not
195

60,159 61

58
32

44,283 33
32,257 36

11,169

$401,730 03

less

C o m m o n w e a l t h of M a ss a c h u s e t t s .
M i d d l e s e x , s s .,

N ov. 18, 1889.

Personally appeared W m. E. Lloyd, Treasurer of the East Cambridge Five Cents
Savings Bank, and made oath that the foregoing statement, by him subscribed, is a true
and correct statement Of all the resources and liabilities of said institution, and that the
answers made by him to the foregoing interrogatories contain the whole truth in refer­
ence to the matters to which they relate, according to his best knowledge and belief.
Before me,

W m . H. T h o m p s o n , Justice o f the Peace.

M i d d l e s e x , s s ., N o v .

18, 1889.

Personally appeared George Stevens, President, and Jos. H. Tyler, Andrew J. Green,
Frank H. Marshall, John C. Bullard and James M. Price, trustees of said corporation,
and severally made oath that the annexed report is correct, according to their best
knowledge and belief.
Before me,
W m . H . T h o m p s o n , Justice o f the Peace.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

161

P U B L IC D O CU M EN T — No. 8.

1890.]

E A STH A M P T O N S A V IN G S B A N K — EA STH A M P T O N .
Incorporated 1869.

Present number of corporators, 28.
S a m u e l T. S e e l y e , Treasurer.

J o h n M a y h e e , President.

0 . G . W e b s t e e , Clerk o f the Corporation.

.

Names of committee charged with the investment of its funds :
F. C. G r e e n e ,

Joh n M a y h e e ,

G e o . L. M a n c h e s t e e .

Open for business every business day, 9

a .m

. to 3 p . m .

B alance Sheet , October 31, 1889.

L ia b il it ie s .

A ssets.

Public funds as per schedule, .
Bank stock as per schedule,
Loans on bank stock,
Railroad bonds as per schedule,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
(notes),....................................
Deposit in bank, on interest,
Deposit in bank, not on interest,
Expense account,

$6,000
144,054
2,777
36.000
255,795
46,715

00
75
52
00
00
04

15.000
10.000
6,588
796

00
00
97
84

Deposits, .
Guaranty fund,
Interest account,
Profit and loss ac­
count, .

$494,902 49
25,000 00
3,140 52
685 11

$523,728 12

$523,728 12

Cash on Deposit in Banks, amount in each : —
First National Bank, A d a m s , ........................................................................ $10,000 00
First National Bank, E a s th a m p to n ,...............................................................
6,588 97
Loans on Bank Stock, amount on each : —
On 15 shares First National Bank, Easthampton.............................................. $1,377 52
On 14 shares Hampshire County National Bank, Northampton,.
.
.
1,400 00

Detailed Statement o f Public Funds.

Par Value.

City of Grand Rapids, Mich., 8s,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

.

$ 6 ,0 0 0

Estimated
Market Value.

$6,960 00

Amount Invested.

$ 6 ,0 0 0 0 0

162

B A N K CO M M ISSIO N ERS’ R E P O R T .

[Jan.

No. of
Shares.

Detailed Statement of Bank Stocks.

100
22
100
7
20
50
25
125
100
44
102
100
10
22
37
83
100
29
30
50
50

Par Value.

First National Bank, Adams,.
Blackstone N’l Bank, Boston,
N’l B’k of the Commonwealth,
Boston,
.
.
.
.
N’l B’k of Commerce, Boston,
North National Bank, Boston,
Second Nat’l Bank, Boston, .
State National Bank, Boston,
First N’l Bank, Easthampton,
Holyoke N’l Bank, Holyoke, .
First National Bank, Lynn, .
First N’l Bank, Northampton,
Northampton N’l B’k, North­
ampton,
.
.
.
.
Hampshire County N’l Bank,
Northampton,
Pittsfield N’l Bank, Pittsfield,
Chicopee N’l B’k, Springfield,
First N’l Bank, Springfield, .
Agawam N ’l B’k, Springfield,
John Hancock N’l B’k, Springfield, ..................................
Housatonic Nat’l Bank, Stockbridge,
.
.
.
.
First Nat’l Bank, Westfield, .
First N’l Bank, West Newton,

$10,000
2,200

Estimated
Market Value.

$14,100 00
2,500 00
00
00
00
00
00
00
00
00
00

Amount Invested.

$14,100 00
2,200 00
10,000
700
2,000
6,657
3,181
13,175
10,000
4,400
10,200

00
00
00
50
25
00
00
00
00

10,000
700
2,000
5,000
2,500
12,500
10,000
4,400
10,200

16,700
840
2,600
7,500
3,181
17,500
16,000
5,720
13,000

10,000

17,500 00

11,314 00

1,000
2,200
3,700
8,300
10,000

1,250
3,608
6,475
12,075
12,000

1,000
3,608
5,725
12,452
11,837

00
00
00
00
00

00
00
00
00
00

2,900

3,625 00

3,625 00

3,000
5,000
5,000

5,100 00
7,000 00
5,100 00

5,880 00
7,000 00
5,000 00

$120,600 $173,374 00 $144,054 75

Detailed Statement o f Railroad Bonds.

Par Value.

Old Colony R.R. 7 s,.
Old Colony R.R. 4 s,.
Boston & Maine R.R. 7 s,.
Boston & Lowell R.R. 7s,
Boston & Albany R.R. 6s,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Estimated
Market Value.

$15,000
3.000
13,000
1.000
1,000

$17,250
3,050
14,070
1,150
1,120

00
00
00
00
00

$33,000

$36,640 00

Amount Invested.

$17,000
3.000
14,000
1.000
1,000

00
00
00
00
00

$36,000 00

1890.]

P U B L IC DO CU M EN T — No. 8.

163

Total Amount o f Loans with Each Specified Rate o f Interest, including
Deposits in Banks on Interest.

Amount.

Amount.

Kate.

$10,000 00
15,000 00
154,880 00

4 per cent.
4è “
5
“

Kate.

Amount.

Kate.

5-1 per cent.
Si
“
5|

$82,737 56
2,120 00

6 per cent.

1
$4,000 00
59,750 00
1,800 00

6à

“

Number of loans which are of an amount not exceeding $3,000 each, 212
Aggregate amount of the s a m e , ....................................................................... $184,987 56
Total number of loans upon real estate,..................................................... 205
Gross amount of interest or profits received or earned, as per books, during
26,942 05
year ending Oct. 31, 1889.................................................. ........
Rate and amount of each semi-annual dividend during the i 2| per cent., r
9,961 94
year ending Oct. 31, 1 8 8 9 ,..................................................... } 2| per cent., j
10,355 10
Times for the dividends fixed by the by-laws: January 23 and July 23.
Number of accounts opened during the year ending Oct 31, 1889,
. 311
Number of accounts closed during the year ending Oct. 31, 1889,
. 237
Total number of open accounts Oct. 31, 1889....................................
1,708
Expenses of the corporation for the year ending Oct. 31, 1889 (exclusive
of t a x e s ) , ...........................................................................................................
2,465 91
Amount of deposits, not including dividends, received during the year
105,016 36
ending Oct. 31, 1 8 8 9 , ........................................................................................
Number of s a m e , .........................................................................................1,579
Amount of withdrawals, including dividends, during the year ending Oct.
31, 1 8 8 9 , ..........................................................................................................
92,634 24
N umber of s a m e , ....................................................................................797
Date of examination by commissioner: March 11.

Classification o f Deposits received during the Year ending Oct. 3 1 ,1 8 8 9 .

Num­
ber.
O f $50 and less,
Exceeding $50, and not
more than $100, .
Exceeding $100, and not
more than $200, .
Exceeding $200, and not
more than $500, .
Exceeding $500, and less
than $1,000, .
O f $1,000 or more, .


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Num­

Amount.

1,211

$24,365 24

185

15,453 00

83

12,959 01

70

25,617 00

15
15

11,322 11
15,300 00

1,579

$105,016 36

ber.
To the credit —
O f women, both adult
and minor,
O f guardians,
Of religious and chari­
table associations, .
In trust................................

Amount.

706
10

$39,563 15
4,641 00

64
25

7,698 78
‘ 5,191 32

164

B A N K CO M M ISSIO N ERS’ R E P O R T .

[Jan.

C o m m o n w e a l t h of M a s s a c h u s e t t s .
H a m p s h i e e , s s ., N o v .

1, 1889.

Personally appeared Samuel T. Seelye, Treasurer of the Easthampton Savings
Bank, and made oath that the foregoing statement, by him subscribed, is a true and
correct statement of all the resources and liabilities of said institution, and that the
answers made by him to the foregoing interrogatories contain the whole truth in ref­
erence to the matters to which they relate, according to his best knowledge and belief.
Before me,

C h a s . H. J o h n s o n , Notary Public.

H a m p s h i r e , s s .,

N ov. 1, 1889.

Personally appeared John Mayher, President, and Joseph W . Wilson, F. C. Greene,
A . J. Lyman, J. W . Greene, Jr., and O. G. Webster, trustees of said corporation, and
severally made oath that the annexed report is correct, according to their best knowledge
and belief.
Before me,
C h a s . H . J o h n s o n , Notary Public.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

1890.]

P U B L IC D O CU M EN T — No. 8.

165

E A ST W E Y M O U T H S A V IN G S B A N K — E A ST W E Y M O U T H .
Incorporated 1872.

Present number of corporators, 36.

Z e c h a r i a h L. B i c k n e l l , President.

J o h n A. R a y m o n d , Treasurer.

J o h n A. R a y m o n d , Clerk o f

the Corporation.

Names of committee charged with the investment of its funds :
Z e c h a r i a h L. B i c k n e l l ,

H e n r y F. B i c k n e l l ,

C h a s . H. P r a t t ,

E d m u n d G. B a t e s ,

N a t h ’l D . Ca n t e r b u r y ,

J o h n P. B u r r e l l ,

Jos. A. C u s h i n g .

Open for business every business day, except Saturday, 2 to 5

p .m

. ; Saturday, 2 to 6 p . m .

B alance Sheet , October 31,1889.

A ssets.

L ia b il it ie s .

Public funds as per schedule, .
Bank stock as per schedule,
Railroad bonds as per schedule,
Loans on real estate, .
.
.
Loans on personal security,
Deposit in bank, on interest,
Cash on hand, .
.
.
.

$77,000
8,300
54,000
269,873
2,850
5,623
1,227

00
00
00
78
00
39
54

Deposits, .
Guaranty fund,
Profit and loss ac­
count,
Suspense account, .

$418,874 71

$399,800 18
15,451 00
2,143 53
1,480 00

$418,874 71

Cash on Deposit in Bank: —

-

Manufacturers’ National Bank, Boston...............................................................$5,623 39

Detailed Statement of Public Funds.

Par Value.

City of
of
of
of
of
of
of

Boston, Mass., 4s,
Brockton, Mass.,.4s, .
Charlestown, Mass., 6s,
Cleveland, Ohio, 5s, .
Dayton, Ohio, 4s,
Detroit, Mich., 7s,
Detroit, Mich., 6s,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$10,000
10,000
7,000
3,000
3,000
2,000
1,000

Estimated
Market Value.

$10,600
10,700
7,150
3,495
3,090
2,720
1,290

00
00
00
00
00
00
00

Amount Invested.

$10,000
10,000
7,000
3,000
3,000
2,000
1,000

00
00
00
00
00
00
00

166

B A N K CO M M ISSIO N ERS’ R E P O R T .

[Jan

Detailed Statement o f Public Funds — Concluded.
|
District of Columbia 7s, .
City of Fall River, Mass., 6s, .
of Grand Rapids, Mich., 8s,
of Lynn, Mass., 5s, .
of Newton, Mass., 6s,
of Portland, Me., 6s,
of Providence, R. I., 5s, .
Town of South Abington, Mass., 4s,
City of Springfield, Mass., 6s,.
of Springfield, Mass., 7 s,.
Town of Turner’s Falls, Mass., 4s, .
of Weymouth, Mass., 4s,

Par Value.

$4,000
2,000
4,000
1,000
2,000
3,000
2,000
5,000
1,000
1,000
5,000
11,000
$77,000

Estimated
Market Value.

$5,280
2,580
4,795
1,185
2,600
3,735
2,400
5,350
1,300
1,380
5,500
11,770

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

$86,920 00

Amount Invested.

$4,000
2,000
4,000
1,000
2,000
3,000
2,000
5,000
1,000
1,000
5,000
11,000

00
00
00
00
00
00*
00.
00
00
00
00
00

$77,000 00

* A legal investment when made.

No. of

Shares.

Detailed Statement o f Bank Stocks.

10
78

Par Value.

Central Nat’l Bank, Boston, .
Union N’l Bank, W eymouth,.

Estimated
Market Value.

Amount Invested.

$1,000
7,800

$1,352 00
8,716 00

$500 00
7,800 00

$8,800

$10,068 00

$8,300 00

Detailed Statement of Bailroad Bonds.

Par Value.

Boston, Clinton & Fitchburg R R. 5s,
Boston & Lowell R.R. 5s,
Boston & Lowell R.R. 6s,
Boston & Maine R.R. 7 s ,.
Fitchburg R.R. 4s, .
Lowell & Lawrence R.R. 6s, .
Maine Central R.R. 7s, .
N. Y., Boston & Providence R.R. 7s,
Old Colony R.R. 6 s,.
Old Colony R.R. 4^s,
Portland & Ogdensburg R.R. 6s,
Vermont & Massachusetts R.R. 5s,.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Estimated
Market Value.

$14,000
3,000
3,000
3,000
5,000
1,000
7,000
1,000
7,000
5,000
3,000
2,000

$16,450
3,300
3,405
3,360
4,800
1,145
8,645
1,260
. 8,085
5,450
3,540
2,220

$54,000

$61,660 00

Amount Invested.

00
$14,000
00
3,000
00
3,000
00
. 3,000
00
5,000
00
1,000
00 . •7,000
00
1,000
00
7,000
00
5,000
00
3,000
00
2,000

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

$54,000 00

1890.]

167

PU B LIC DO CU M EN T — No.

Total Amount o f Loans with Each Specified Rate o f Interest, including
Deposits in Banks on Interest.

Amount.

Kate.

Amount.

$5,623 39
8,000 00
5,100 00

2£ per cent.
5
“
5è
“

$224,988 96
15,965 00

Rate.

Amount.

Rate.

6 per cent.
6h
“

$16,844 82
1,825 00

7 per cent.
8

Number of loans which are of an amount not exceeding $3,000 each,. 237
Aggregate amount of the s a m e , ........................................................................ $213,973
Total number of loans upon real estate.......................................................242
Gross amount of interest or profits received or earned, as per books, during
23,300
year ending Oct. 3 1 ,1 8 8 9 ,.................................................................................
7,091
Rate and amount of each semi-annual dividend during the 12 per cent., c
8,314
year ending Oct. 31, 1 8 8 9 ,...................................................... ^2^ per cent., (
Times for the dividends fixed by the by-laws: second Tuesday in April
and October.
Number of accounts opened during the year ending Oct. 31, 1889,
. 280
Number of accounts closed during the year ending Oct. 31, 1889,
. 163
Total number of open accounts Oct. 31, 1889,
.
.
.
.
1,429
Expenses of the corporation for the year ending Oct. 31, 1889 (exclusive of
ta xe s),.....................................................................................................................
1,389
Amount of deposits, not including dividends, received during the year end­
92,141
ing Oct. 31, 1889,...................................................................................................
Number of s a m e , .......................................................................................... 1,519
Amount of withdrawals, including dividends, during the year ending Oct.
74,314
31, 1 8 8 9 , ............................................................................................................
Number of s a m e , ......................................................................................833
Date of examination by commissioner: July 9.

78

00
87
99

97
98

60

Classification o f Deposits received during the Year ending Oct. 3 1 ,1 8 8 9 .

O f $50 and less,
Exceeding $50, and not
more than $100, .
Exceeding $100, and not
more than $200, .
Exceeding $200, and not
P more thaD $500, .
Exceeding $500, and less
than $1,000, .
O f $1,000 or more, ..


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Mum-

Sum -

ber.

ber.

1,173

$21,505 52

189

16,007 21

71

10,901 '41

55

19,337 01

25
6

18,390 83
6,000 00

1,519

$92,141 98

To the credit —
O f women, both adult
and minor,
O f guardians,
O f religious and charitable associations, .
In trust................................

Amount.

553
2

$31,600 87
2,000 00

49
66

5,101 42
8,322 99

168

B A N K CO M M ISSIO N E R S’ R E PO R T.

[Jan.

C o m m o n w e a l t h of M a s s a c h u s e t t s .
N o r f o l k , s s ., N o v . 19, 1889.

Personally appeared John A . Raymond, Treasurer of the East Weymouth Savings
Bank, and made oath that the foregoing statement, by him subscribed, is a true and
correct statement of all the resources and liabilities of said institution, and that the
answers made by him to the foregoing interrogatories contain the whole truth in refer­
ence to the matters to which they relate, according to his best knowledge and belief.
Before me,

Z. L. B i c k n e l l , Justice o f the Peace.
N o r f o l k , ss., Nov. 19, 1889.

Personally appeared Z. L. Bicknell, President, and N. D. Canterbury, E. G. Bates,
H. F. Bicknell, C. H. Pratt and John P. Burrell, trustees of said corporation, and
severally made oath that the annexed report is correct, according to their best knowl­
edge and belief.
Before me,
J o h n A. R a y m o n d , Justice o f the Peace.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

1890.]

169

P U B L IC DO CU M EN T — No.

E L IO T F IV E CENTS S A V IN G S B A N K — BOSTON.
Incorporated Feb. 4, 1864.

Present number of corporators, 59.
F r a n k E. G r a n g e r , Treasurer.

J o h n C a r e , President.

J o h n F . N e w t o n , Clerk o f the Corporation.

Names of committee charged with the investment of its funds:
Jo h n C a r r ,

W m . S. L e l a n d ,

I vory H arm on,

G orham

S a m ’ l B. H o p k i n s ,

G r e e n l e a f C. G e o r g e .

R og ers,

Open for business every business day, 9

a .m .

to 4

p .m .

B alance Sheet , October 31, 1889.

L ia b il it ie s .

A ssets.

Public funds as per schedule, .
Loans on public funds,
Bank stock as per schedule,
Loans on bank stock,
Railroad bonds as per schedule,
Railroad notes, .
.
.
.
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
( n o t e s ) ,....................................
Loans on depositors’ books,
Deposit in bank, on interest,
Expense account,
Suspense account,
Short and surplus account,
Cash on hand, .
.
.
.

$278,100
23,500
57,200
2,100
253,500
10,000
946,669
800,800

00
00
00
00
00
00
05
00

20,000
1,000
60,684
491
3,757
171
5,725

00
00
88
86
08
29
35

$2,463,699 51

Deposits, .
Guaranty fund,
Interest account,
Profit and loss
count, .
Tax account, .

$2,399,758 21
54,603 36
1,083 50
4,754 44
3,500 00

$2,463,699 51

Cash on Deposit in Bank : —
People’s National Bank, Boston,

$60,684 88

Loans on Public Funds, amount on each : —
On $3,800 United States b o n d s , ........................................................................$3,500 00
On $10,000 City of Worcester n o t e , .................................................................
On $10,000 City of Boston note, ........................................................................j
Loans on Bank Stock, amount on each : —
On 10 shares People’s National Bank, Boston,
On 10 shares National Exchange Bank, Boston, .
On 1 share People’s National Bank, Boston,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$ 1,000 00
1,000 00
100 00

170

B A N K CO M M ISSIO N ERS’ R E P O R T

[Jan

Detailed Statement o f Public Funds.

Par Value.

City of Bangor, Me., 6s, .
of Boston, Mass., 4s,
of Boston, Mass., 5s,
of Boston, Mass., 6s,
Town of Brookline, Mass., 7s,
City of Chelsea, Mass., 6s,
of Dover, N. H ., 6s, .
of Fall River, Mass., 6s, .
of Lawrence, Mass., 6s, .
of Lynn, Mass., 5s, .
of Manchester, N. II., 6 s,.
Town of Marlborough, Mass., 4s, .
City of Portsmouth, N. IL, 6s,
of Providence, R. I., 5s, .
of Providence, R. I., 4is, .
of Springfield, Mass., 6 s,.
of Taunton, Mass., 6s,
of Taunton, Mass., 5s,
of Woburn, Mass., 6s.,
District of Columbia 5s, .
State of New Hampshire 6s, .

Estimated
Market Value.

$4,000
42,600
25,000
35,000
4,000
15,000
5,900
10,000
15,000
10,000
10,000
9,000
10,000
20,000
5,000
20,000
10,000
10,000
8,000
7,000
2,600
$278,100

* Legal investments

$4,880
44-,943
30,125
39,550
5,000
16,700
6,283
13,100
16,575
11,900
11,150
9,630
10,550
22,520
5,450
26,300
11,500
10,750
8,800
7,840
3,510

00
00
00
00
00
00
50
00
00
00
00
00
00
00
00
00
00
00
00
00
00

Amount Invested.

$4,000
42,600
25,000
35,000
4,000
15,000
5,900
10,000
15,000
10,000
10,000
9,000
10,000
20,000
5,000
20,000
10,000
10,000
8,000
7,000
2,600

00*
00
00
00
00
00
00
00
00
00
00
00
00*
00
00
00
00
00
00
00
00

$317,056 50 $278,100 00

when made.

No. of

Shares.

Detailed Statement o f Bank Stocks.

10
70
20
50
10
10
13
30
30
61
171
43
14
10
20
10

Par Value.

Atlantic Nat’l Bank, Boston, .
Atlas Nat’l Bank, Boston,
Columbian N’l Bank, Boston,
Continental N’l Bank, Boston,
Nat’l Eagle Bank, Boston,
Eliot National Bank, Boston,
Howard Nat’l Bank, Boston, .
Market Nat’l Bank, Boston, .
Merchants’ N’l Bank, Boston,
Mt. Vernon N’l Bank, Boston,
People’s Nat’l Bank, Boston, .
Shawmut Nat’l Bank, Boston,
State National Bank, Boston,
N’l B’k of N o. America, Boston,
N’lB ’k o f Redemption, Boston,
Naumkeag N’l Bank, Salem,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$1,000
7,000
2,000
5,000
1,000
1,000
1,300
3,000
3,000
6,100
17,100
4,300
1,400
1,000
2,000
1,000
$57,200

Estimated
Market Value.

$1,400
8,260
2,400
6,100
1,050
1,300
1,430
3,000
4,350
8,235
27,360
5,375
1,680
1,220
2,700
1,500

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

$77,360 00

Amount Invested.

$1,000
7,000
2,000
5,000
1,000
1,000
1,300
3,000
3,000
6,100
17,100
4,300
1,400
1,000
2,000
1,000

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

$57,200 00

171

PU B L IC D O CU M EN T — No. 8.

1890.]

Detailed Statement o f Railroad Bonds.

Par Value.

Boston & Albany R.R. 7s,
Boston, Clinton, Fitchburg & New
Bedford R.R. 5s, .
Boston & Lowell R.R. 7s,
Boston & Lowell R.R. 6s,
Boston & Maine R.R. 7 s,.
Boston & Providence R.R. 7s, .
Conn. & Passumpsic Rivers R.R. 7s,
Fitchburg R.R. 5s, .
Fitchburg R.R. 4^s, .
Newport & Richford R.R. 5s, .
N. Y. & N. E. R.R. (terminal) 4s, .
Old Colony R.R. 6s,
. . .
Old Colony R.R. 4s,
. . .
Portland & Ogdensburg R.R. 6s,
Salem & Lowell R.R. 6s,.
Vermont & Massachusetts R.R. 5s,.
Worcester, Nashua & Roch. R.R. 4s,

$10,000
11,000
9,000
3,000
23,000
1,000
20,000
5,000
25,000
22,000
25,000
6,000
10,000
16,500
20,000
37,000
10,000
$253,500

Estimated
Market Value.

Amount Invested.

$10,000 00

$10,750 00
12,925
9,630
3,540
25,070
1,150
21,900
5,250
25,000
23,100
27,500
6,660
10,800
19,470
23,200
41,070
10,300

11,000
9,000
3,000
23,000
1,000
20,000
5,000
25,000
22,000
25,000
6,000
10,000
16,500
20,000
37,000
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

$277,315 00 $253,500 00

Total Amount o f Loans with Each Specified Rate o f Interest, including
Deposits in Banks on Interest.
Amount.

$60,684
444,400
25,000
213,750

Kate.

88

00
00
00

2 per cent.
4

4*
H

“
*

Rate.

Amount.

$631,000
130,900
315,100
10,500

00
00
00
00

4J per cent.
4|
“
5

5h

“
“

Kate.

Amount.

$29,269
1,300
1,300
1,550

05
00
00
00

6 per cent.
“
“
7
<<
8

6h

Number of loans which are of an amount not exceeding $3,000 each, 101
Aggregate amount of the same.............................................................................. $163,569
Total number of loans upon real e s t a t e , ............................................. 185
Amount of investments from which no income is received, .
.
.
.
3,757
Gross amount of interest or profits received or earned, as per books, during
year ending Oct. 31, 1 8 8 9 ,.................................................................................
110,566
Rate and amount of each semi-annual dividend during the £2 per cent., 5
41,254
year ending Oct. 31, 1 8 8 9 ,...................................................... j 2 per cent., f
43,142
Times for the dividends fixed by the by-laws : second Wednesday in April
and October.
Number of accounts opened during the year ending Oct. 31, 1889,
1,273
Number of accounts closed during the year ending Oct. 31, 1889,
. 643
Total number of open accounts Oct. 31, 1889,
.
.
.
.
8,597
Expenses of the corporation for the year ending Oct. 31,1889 (exclusive of
t a x e s ),................................................................................................................... 7,352


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Federal Reserve Bank of St. Louis

05
08
49
43

51

44

172

B A N K CO
M M ISSIO N ERS’ -----------R E PO R [Jan»
T.
------------------------------

Amount of deposits, not including dividends, received during the year end­
ing Oct. 31, 1889,...................................................................................................$652,818 98
Number of same............................................................................. .......
9,987
Amount of withdrawals, including dividends, during the year ending Oct.
31, 1 8 8 9 , ............................................................................................................
506,830 85
Number of same, , .................................................................................6,205
Date of examination by commissioner : February 21.

Classification o f Deposits received during the Tear ending Oct. 3 1 ,1 8 8 9 .
•

Num­
ber.
O f $50 and less,
Exceeding $50, and
more than $100, .
Exceeding $100, and
more than $200, .
Exceeding $200, and
more than $500, .
Exceeding $500, and
than $1,000, .
O f $1,000 or more, .

Num­

Amount.

7,677

$132,460 04

1,124

92,898 59

556

88,611 48

406

147,128 45

110
114

77,570 42
114,150 00

9,987

$652,818 98

not
not
not
less

Amount.

ber.
To the credit —
O f women, both adult
and minor,
Of guardians,
O f religious and char­
itable associations, .
In trust................................

4,275
20

$253,031 97
2,420 70

107
852

9,342 19
86,834 50

Co m m o n w e a l t h of M a ss a c h u s e t t s .
S u f f o l k , s s ., N ov . 13, 1889.

Personally appeared Frank E. Granger, Treasurer of the Eliot Five Cents Savings
Bank, and made oath that the foregoing statement, by him subscribed, is a true and
correct statement of all the resources and liabilities of said institution, and that the
answers made by him to the foregoing interrogatories contain the whole truth in
reference to the matters to which they relate, according to his. best knowledge and
belief.
Before me,
J o s e p h G o d d a r d , Justice o f the Peace.

S u f f o l k , s s ., N

ov.

1 4 ,1 8 8 9 .

Personally appeared John Carr, President, and Timothy Smith, John F. Newton,
Gorham Rogers, Sam’l B. Hopkins and F. 0 . White, trustees of said corporation, and
severally made oath that the annexed report is correct, according to their best knowledge
and belief.
Before me,
J o s e p h G o d d a r d , Justice o f the Peace.


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Federal Reserve Bank of St. Louis

1890.]

173

PU B L IC D O CU M EN T — No. 8

E S S E X S A V IN G S B A N K — L A W R E N C E .

Incorporated March, 1847.

Present number of corporators, 33.
J a m e s H. E a t o n , Treasurer.

J o s e p h S h a t t u c k , President.

Ja m e s H. E a t o n , Clerk o f the Corporation.

Names of committee charged with the investment of its funds :
Joseph S h a t t u c k ,

Sa m u e l W h it e ,

Ja m e s H . K i d d e r ,

G eorge E . D a v is .

Open for business every business day, except Saturday, 9

a .m

. to 1 p . m .

B a l a n c e S h e e t , O ctober 31, 1889.

L ia b il it ie s .

A ssets.

Public funds as per schedule, .
Bank stock as per schedule,
Loans on bank stock,.
Railroad bonds as per schedule,
Railroad notes...............................
Real estate (for banking pur­
poses), ....................................
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
(n o t e s ) ,....................................
Loans on depositors’ books,
Deposits in banks, on interest, .
Cash on hand, .
.
.
.

$553,000
329,050
24,100
475.000

00
00
00
00

Deposits, .
Guaranty fund,
Profit and loss ac­
count, .

$5,549,297 88
186,000 00
172,591 94

100.000 00

5,000 00
2,642,531 40
1,592,525 00
94,000
525
78,818
13,339

00
00
92
50

$5,907,889 82

$5,907,889 82

Cash on Deposit in Banks, amount in each: —
National Hide and Leather Bank, B o s t o n ,......................................................$58,818 92
Merchants’ National Bank, Lawrence..................................................................
20,000 00

Loans on Bank Stock, amount on each : —
On 55 shares Traders’ National Bank, B o s t o n , .............................................$4,000 00
On 109 shares Bay State National Bank, Lawrence...........................................
8,000
On 77 shares Pacific National Bank, L a w re n c e ,.............................................
7,000
On 40 shares Merchants’ 'National Bank, L a w r e n c e ,....................................
3,200
On 6 shares National Pemberton Bank, L a w r e n c e ,....................................
600
On 13 shares Andover National Bank, A n d o v e r,.............................................
1,300


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Federal Reserve Bank of St. Louis

00
00
00
00
00

174

B A N K CO M M ISSIO N ERS’ R E PO R T.

[Jan

Detailed Statement o f Public Funds.

Par Value.

United States 4s,
United States 6s,
District of Columbia 6s, .
City of Lawrence, Mass., 4s, .
of Lawrence, Mass., 6s, .
of Newton, Mass., 5s,
of Rockland, Me., 6s,
of Fall River, Mass., 5s, .
of Lynn, Mass , 6s, .
of Boston, Mass., 4s,

$100,000 $127,000 00
80,000
94,400 00
50.000
53.500 00
80.000
83,200 00
38.000
42,940 00
16.000
19,050 00
14.000
14,000 00
25.000
29.500 00
50.000
54.500 00
100,000
107,000 00
$553,000

*A

Estimated
Market Value.

Amount Invested.

$100,000
80,000
50.000
80.000
38.000
16.000
14.000
25.000
50.000
100,000

00
00
00
00
00
00
00*
00
00
00

$625,090 00 $553,000 00.

legal investment when made.

No. of

Shares.

Detailed Statement o f Bank Stocks.

130
40
10
30
40
75
20
130
80
100
47
232
100
25
15
51
200
46
150
100
225
250
27
100
100
100
60
10
250
300
300

Par Value.

Atlas National Bank, Boston,
Atlantic Nat’l Bank, Boston, .
Blackstone N’ l Bank, Boston,
Boston Nat’l Bank, Boston, .
Nat’l Bank of the Commonwealth, Boston, .
N’l B’k of Commerce, Boston,
Continental N’l Bank, Boston,
National City Bank, Boston, .
Eliot National Bank, Boston,
Everett Nat’l Bank, Boston, .
Globe National Bank, Boston,
Howard Nat’l Bank, Boston, .
N’l Hide & Leather B’k, Boston,
Lincoln Nat’l Bank, Boston, .
Mass. National Bank, Boston,
Maverick Nat’l Bank, Boston,
Merchants’ N’ l Bank, Boston,
Mt. Vernon N’l Bank, Boston,
N ’l B’k of No. America, Boston,
North National Bank, Boston,
Nat’l Revere Bank, Boston, .
N’l B’k of the Republic, Boston,
Shawmut Nat’l Bank, Boston,
Suffolk Nat’l Bank, Boston, .
State National Bank, Boston,
Tremont Nat’l Bank, Boston,.
Traders’ Nat’l Bank, Boston,
Nat’l Union Bank, Boston,
Nat’l Webster Bank, Boston,.
Bay State N’l B’k, Lawrence,
Lawrence N’l B’k, Lawrence,


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Federal Reserve Bank of St. Louis

$13,000
4,000
1,000
3,000
4,000
7,500
2,000
13,000
8,000
10,000
4,700
23,200
10,000
2,500
3,750
5,100
20,000
4,600
15,000
10,000
22,500
25,000
2,700
10,000
10,000
10,000
6,000
1,000
25,000 *
22,500
30,000

Estimated
Market Value.

Amount Invested.

$15,600
5,720
1,120
3,660

00
00
00
00

$13,000
4,000
1,000
3,000

00
00
00
00

6,760
9,600
2,440
12,350
10,480
10,300
4,606
25,520
12,000
2,850
4,125
12,240
28,200
6,394
18,150
13,900
27,900
41,750
3,510
11,500
12,100
11,300
5,880
1,430
25,000
29,250
37,500

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

4,000
7,500
2,000
13,000
8,000
10,000
4,700
23,200
10,000
2,500
3,750
5,100
20,000
4,600
15,000
10,000
22,500
25,000
2,700
10,000
10,000
10,000
6,000
1,000
25,000
22,500
30,000

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

$329,050 $413,135 00

$329,050 00

1890.]

P U B L IC D O CU M EN T — No. 8.

175

Detailed Statement o f Railroad Bonds.

Par Value.

Boston & Maine R.R. 7s,.
Worcester, Nashua & Roch. R.R. 4s,
Boston & Lowell R.R. 7s,
Boston & Lowell R.R. 4is,
Boston & Lowell R.R. 4s,
Fitchburg R.R. 5s, .

Estimated
Market Value.

Amount Invested.

$200,000 $220,000 00
21,000 00
20,000
50.000
54,000 00
53.500 00
50.000
52.500 00
50.000
105,000
114,300 00

$200,000
20,000
50.000
50.000
50.000
105,000

00
00
00
00
00
00

$475,000 $515,300 00 $475,000 00

lotal Amount o f Loans with Each Specified Rate o f Interest, including
Deposits in Banks on Interest.

Amount.

$58,818
20,000
40,000
242,000

92
00
00
00

Rate.

Amount.

Rate.

2 per cent.
3
3è
“
4
“

$915,002 00
37,500 00
2,238,273 40

4£ per cent.
4|
“
5

Amount.

$45,000 00
208,600 00
727,306 00

Rate.

5:} per cent.
5£
“
6

Amount invested in real estate for banking purposes,....................................
$5,000 00
Estimated value of the sam e,................................................................................
30,000 00
Assessed value of the s a m e , ...............................................................................
29,350 00
Net income received from same during year ending Oct. 31, 1889,
1,402 33
Number of loans which are of an amount not exceeding $3,000 each,. 428
Aggregate amount of the s a m e , .......................................................................
623,439 00
Total number of loans upon real estate,
.............................................579
Gross amount of interest or profits received or earned, as per books, during
year ending Oct. 31, 1 8 8 9 , ................................................................................
291,904 64
Rate and amount of each semi-annual dividend during the i 2 per cent., r 101,769 49
year ending Oct. 31, 1 8 8 9 , ......................................................j 2 per cent., (
103,680 36
Times for the dividends fixed by the by-laws : third Wednesday in April
and October.
Number of accounts opened during the year ending Oct. 31, 1889,
. 3,500
Number of accounts closed during the year ending Oct. 31, 1889,
. 3,063
Total number of open accounts Oct. 31, 1889,
.
.
.
.
16,435
Expenses of the corporation for the year ending Oct. 31, 1889 (exclusive of
ta x e s ),....................................................................................................................
12,893 90
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 8 8 9 ,.........................................................................................
1,244,471 35
Number of same, .
21,635
Amount of withdrawals, including dividends, during the year ending Oct.
31, 1 8 8 9 , .................................................................................................
. 1,254,678 19
Number of s a m e , ....................................................................................... 11,435
Date of examination by commissioner: September 17.


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Federal Reserve Bank of St. Louis

176

B A N K CO M M ISSIO N ERS’ R E PO R T.

[Jan.

Glassification o f Deposits received during the Year ending Oct. 3 1 ,1 8 8 9 .
Num­
ber.
O f $50 and less,
Exceeding $50, and
more than $100, .
Exceeding $100, and
more than $200, .
Exceeding $200, and
more than $500, .
Exceeding $500, and
than $1,000, .
O f $1,000 or more, .

Num­

Amount.

17,337

$324,422 95

2,211

179,626 62

969

152,999 07

705

247,292 86

270
143

189,074 94
151,054 91

ber.
To the credit —
O f women, both adult
and minor,
Of guardians,
O f religious and chari­
table associations, .
In trust, .
.
.
.

not
not
not
less

Amount.

12,768
32

$722,616 11
11,921 90

189
208

15,586 93
34,130 89

21,635 $1,244,471 35

C o m m o n w e a l t h of M a ss a c h u s e t t s .
E s s e x , s s ., N o v . 4 , 1 8 8 9 .

Personally appeared James H. Eaton, Treasurer of the Essex Savings Bank, and
made oath that the foregoing statement, by him subscribed, is a true and correct state­
ment of all the resources and liabilities of said institution, and that the answers made
by him to the foregoing interrogatories contain the whole truth in reference to the
matters to which they relate, according to his best knowledge and belief.
Before me,

H e r b e r t W . F i e l d , Justice o f the Peace.

E s s e x , s s ., N o v . 4 , 1 8 8 9 .

Personally appeared Joseph Shattuck, President, and H . M. Whitney, J. H. Kidder,
W . E. Parker, Geo. H. Eaton, George L. Davis, Sam’l White and Geo. E. Davis,
trustees of said corporation, and severally made oath that the annexed report is correct,
according to their best knowledge and belief.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Before me,

H e r b e r t W . F i e l d , Justice o f the Peace.

1890.]

177

PU B L IC D O CU M EN T — No. 8.

E V E R E T T S A V IN G S B A N K — E V E R E T T .
Incorporated March 1, 1889.

Present number of corporators, 25.
S a m u e l P. C a n n e l l , Treasurer.

W il m o t R . E v a n s , President.

H e n r y K . Y e a z i e , Clerk o f the Corporation.

Names of committee charged with the investment of its funds :
W il m o t R . E v a n s ,

I saac T . W in c h e s t e r ,

R o b e r t M. B a r n a r d ,

N a t h a n i e l J. M e a d ,

S a m ’ l M. J o h n s o n .

Open for business every business day, 2 to 4

Balance

p .m

. ; also Saturday, 7.30 to 8.30 p . m .

Sh ee t, O ctober

31, 1889.

A ssets.

Loans on real estate, .
Deposits in banks, on interest, .
Cash on hand, .
.
.
.

L ia b il it ie s .

$7,450 00
4,720 46
87 15

Deposits, .
Interest account,

$12,257 61

$12,204 00
53 61
$12,257 61

Cash on Deposit in Banks, amount in each : —
National Bank of the Commonwealth, Boston................................................... $1,673 14*
First National Bank, C h e l s e a , .......................................................................
3,047 32*

Total Amount o f Loans with Each Specified Rate o f Interest, including
Deposits in Banks on Interest.

Amount.

$1,673 14
3,047 32

Rate.

2 per cent.
2è
“

Amount.

$3,550 00

Rate.

5 per cent.

Amount.

$3,900 00

Rate.

6 per cent.

Number of loans which are of an amount not exceeding $3,000 each,
6
Aggregate amount of the same...............................................................................$7,450 00
Total number of loans upon real e s t a t e , ............................................. 6
Gross amount of interest or profits received or earned, as per books, during
year ending Oct. 31, 1 8 8 9 , .................................................................................
53 61
* These amounts will be reduced within the legal limit.


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Federal Reserve Bank of St. Louis

178

B A N K C O M M ISSIO N ERS’ R E P O R T .

[Jan.

Times for the dividends fixed by the by-laws : second Wednesday in April
and October.
Number of accounts opened during the year ending Oct. 31, 1889, . 211
Number of accounts closed during the year ending Oct. 31, 1889,
.
4
Total number of open accounts Oct. 31, 1 8 8 9 , .................................... 207
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 8 8 9 ,..........................................................................................
Number of same...............................................................................................425
Amount of withdrawals, including dividends, during the year ending Oct.
31, 1 8 8 9 , ............................................................................................................
Number of s a m e , .........................................................................................81
Date of examination by commissioner: October 9.

$19,141 00

6,937 00

Classification o f Deposits received during the Year ending Oct. 3 1 ,1 8 8 9 .
Num­
ber.
O f $50 and less,
Exceeding $50, and
more than $100, .
Exceeding $100, and
more than $200, .
Exceeding $200, and
more than $500, .
Exceeding $500, and
than $1,000, .
O f $1,000 or more, .

356

$3,439 00

30

2,552 00

id d l e s e x

,

To the credit —
O f women, both adult
and minor,
O f religious and char­
itable associations, .
In trust, .
.
.
.

not
20

3,199 00

13

4,985 00

3
3

1,966 00
3,000 00

425

$19,141 00

Amount.

ber.

not

not

129

$5,474 00

9
21

307 00
119 00

less

Com
M

Num­
Amount.

m o n w e a lth of

M

assach u setts.

ss.

E

verett

, N

ov.

9, 1889.

Personally appeared Samuel P. Cannell, Treasurer of the Everett Savings Bank, and
made oath that the foregoing statement, by him subscribed, is a true and correct state­
ment of all the resources and liabilities of said institution, and that the answers made by
him to the foregoing interrogatories contain the whole truth in reference to the matters
to which they relate, according to his best knowledge and belief.
Before me,

J o s e p h H. C a n n e l l , Jxistice o f the Peace.

M

id d l e s e x

,

s s .,

N

ov.

16, 1889.

Personally appeared Wilmot R. Evans, President, and Henry K . Veazie, W . A. Ham,
A . B. Cook, Geo. S. Marshall and Daniel B. Fessenden, trustees of said corporation,
and severally made oath that the annexed report is correct, according to their best
knowledge and belief.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Before me,

A l o n z o H. E v a n s , Justice o f the Peace.

1890.]

P U B L IC D O CU M EN T — N o. 8.

179

F A IR H A V E N IN S T IT U T IO N FOR SA V IN G S — FAIR ILAV E N .

Incorporated 1832.

Present number of corporators, 37.

G e o r g e H . T a b e r , President.

C h a s . H . M or t o n , Treasurer.

C h a s . H . M o r t o n , Clerk o f the Corporation.

Names of committee charged with the investment of its funds:
G e o . H. T a b e r ,

C y r u s D. H u n t ,

W a l t e r P. W i n s o r ,

L evi M . Sn o w ,

J o h n B. H u s s e y .

Open for business every business day, 9

a .m

. to 1 p . m .

B ala n c e Sh e e t , O ctober 31, 1889.

A ssets.

L ia b il it ie s .

Public funds as per schedule, .
Bank stock as per schedule,
Loan on bank stock, .
Real estate (for banking pur­
poses), ....................................
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Deposit in bank, on interest,
Deposit in bank, not on interest,
Expense account,
Stock of Sea Yiew Hotel and
Wharf Co.,* .
.
.
.
Cash on hand, .
.
.
.

$22,500 00
120,620 00
225 00

4,847
28,388
160,087
83,765
9,117
4,000
18

45
16

Deposits, .
Guaranty fund,
Interest account,
Profit and loss ac­
count, .

2,859 40

00
00

76
00

75

4,903,96
17 40
$438,490 48

*

$419,068 95
16,473 63
88 50

$438,490 48

Taken to secure indebtedness.

Cash on Deposit in Bank : —
National Bank of Fairhaven, F a ir h a v e n ,......................................................$13,117 76

Loan on Bank Stock : —
On 3 shares National Bank of Commerce, New Bedford,


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Federal Reserve Bank of St. Louis

.

.

.

.

$225 OO

180

BANK

CO M M ISSIO N E R S’ R E P O R T

[Jan

Detailed Statement o f Public Funds.

Par Value.

City of Bath, Me., 6s,
of Belfast, Me., 6s, .
Town o f Fairhaven, Mass., 7s,.

Estimated
Market Value.

$5,000
6,500
11,000

$5,250 00
6,500 00
13,000 00

$22,500

$24,750 00

Amount Invested-

$5,000 00*
6,500 00*
11,000 00
$22,500 00

* Legal investments when made.

No. of

Shares.

Detailed Statement o f Bank Stocks.

158
68
90
80
40
90
50
40
60
80
50
80
50
100

Par Value.

National Bank of Fairhaven,
Fairhaven, .
.
.
.
Mechanics’ Nat’l Bank, New
Bedford,
.
.
.
.
First N’l Bank, New Bedford,
Citizens’N’l B’k,New Bedford,
National Bank of Commerce,
New Bedford,
N’l B’k of Commerce, Boston,
Eliot National Bank, Boston,
North National Bank, Boston,
N’l B’k of the Republic,Boston,
State National Bank, Boston,
Howard Nat’l Bank, Boston,
N’l B’k of No. America, Boston,
Continental N’l Bank, Boston,
Boston National Bank,Boston,

Estimated
Market Value.

Amount Invested.

$12,640

$13,430 00

$12,640 00

6,800
9,000
8,000

11,900 00
13,500 00
11,200 00

10,880 00
12,150 00
10,400 00

4,000
11,520
6,575
5,560
10,020
9,680
5,500
9,800
6,125
12,200

4,800
10,350
6,500
5,160
7,740
9,200
5,500
8,000
5,300
12,000

4,000
9,000
5,000
4,000
6,000
8,000
5,000
8,000
5,000
10,000

00
00
00
00
00
00
00
00
00
00

00
00
00
00
00
00
00
00
00
00

$100,440 $131,010 00 $120,620 00

Total Amount o f Loans with Each Specified Bate o f Interest, including
Deposits in Banks on Interest.

Rate.

Amount.

2 per cent.

$12,456 00
119,039 39
1,225 00

Amount.

$9,117 76
86,900 00
19,561 06

5
5è


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

“

Kate.

Amount.

5| per cent.

$4,895 55

6
6*

“

Kate.

7 per cent.

1890.]

PU B L IC D O CU M EN T — No. 8.

181

Amount invested in real estate for banking purposes,....................................
Estimated value of the same,.................................................................................
Assessed v^lue of the s a m e ,.................................................................................
Net income received from same during year ending Oct. 31, 1889,
Value, by books, of other real estate, held by foreclosure or otherwise,
Assessed value of the s a m e ,.................................................................................
Number of loans which are of an amount not exceeding $3,000 each, 126
Aggregate amount of the s a m e , ........................................................................
Total number of loans upon real e s t a t e , .............................................129
Amount of investments from which no income is received..............................
Gross amount of interest or profits received or earned, as per books, during
year ending Oct- 31, 1 8 8 9 ,.................................................................................
Rate and amount of each semi-annual dividend during the 1 2 per cent., f
year ending Oct. 31, 1 8 8 9 ,......................................................J 2 per cent., 1
Times for the dividends fixed by the by-laws: last Monday in April and
October.
Number of accounts opened during the year ending Oct. 31,1889,
.
82
Number of accounts closed during the year ending Oct. 31, 1889,
.
88
Total number of open accounts Oct. 31, 1889............................................. 792
Expenses of the corporation for the year ending Oct. 31,1889 (exclusive of
ta xes),.....................................................................................................................
Amount of deposits, not including dividends, received during the year end­
ing Oct. 31, 1889,...................................................................................................
Number of s a m e , ....................................................................................... 249
Amount of withdrawals, including dividends, during the year ending Oct.
31, 1 8 8 9 , ...........................................................................................................
Number of same, ............................................................................................. 450
Date of examination by commissioner: September 5.

$4,847
4,847
3,700
50
28,388
12,000

45
45
00
00
16
00

116,046 33
7,751 41
21,575 89
8,196 35
8,042 21

2,100 29
42,212 63

62,067 58

Classification o f Deposits received during the Year ending Oct. 3 1 ,1 8 8 9 .
Num­
ber.
Of $50 and less,
Exceeding $50, and
more than $100, .
Exceeding $100, and
more than $200, .
Exceeding $200, and
more than $500, .
Exceeding $500, and
than $1,000, .
Of $1,000 or more, .

Num­

Amount.

157

$2,518 57

28

2,620 95

24

5,024 61

15

8,384 12

14
11

12,353 64
11,310 74

249

$42,212 63

not
not
not

ber.
To the credit —■
Of women, both adult
and minor,
O f guardians,
Of religious and chari­
table associations, .
In trust................................

less

Amount.

102
4

$17,425 95
3,152 71

7
44

776 62
6,581 39

C o m m o n w e a l t h of M a ss a c h u s e t t s .
B r is t o l , ss ., N ov . 8, 1889.

Personally appeared Charles H. Morton, Treasurer of the Fairhaven Institution for
Savings, and made oath that the foregoing statement, by him subscribed, is a true and
correct statement of all the resources and liabilities of said institution, and that the
answers made by him to the foregoing interrogatories contain the whole truth in ref­
erence to the matters to which they relate, according to his best knowledge and belief.
Before me,
F. D. P. T a p p a n , Justice o f the Peace.
B r is t o l , ss ., N o v . 8, 1889.

Personally appeared George H . Taber, President, and L. S. Judd, Levi M. Snow,
J. W . L. Hillman, Reuben Nye and George D. Hammond, trustees of said corporation,
and severally made oath that the annexed report is correct, according to their best
knowledge and belief.
Before me,
F. D. P. T a p p a n , Justice o f the Peace.


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Federal Reserve Bank of St. Louis

182

[Jan.

B A N K COM M ISSIO N ERS’ R E PO R T.

F A L L R IV E R S A V IN G S B A N K — F A L L R IV E R .

Incorporated 1828.

Present number of corporators, 129.

C r a w f o r d E. L i n d s e y , President.

C. A. B a s s e t t , Treasurer.

N e w t o n R . E a r l , Clerk o f the Corporation.

Names_of committee charged with the investment of its funds :
R o b ’ t C. B r o w n ,

G u il f o r d H . H a t h a w a y ,

H e n r y C. H a w k i n s ,

J a m e s C. E d d y ,

R obert H e n r y .

Open for business every business day, 9 a . m . to 2 p . m .

B a l a n c e S h e e t , O ctober 31, 1889.

L ia b il it ie s .

A ssets.

Public funds as per schedule, .
Bank stock as per schedule,
Loans on bank stock,
Railroad bonds as per schedule,
Railroad notes, .
.
.
.
Real estate (for banking pur­
poses),
....................................
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
( n o t e s ) ,....................................
Deposits in banks, on interest, .
Expense account,
Cash on hand, .
.
.
.

$915,100
742,481
18,090
440,500
100,000

00
00
00
00
00

Deposits, .
Guaranty fund,
Interest account,
Profit and loss ac­
count,
Suspense account, .

$5,568,779 31
169,800 00
29,637 77
23,035 33
18,125 00

45,000 00
2,032,423 00
1,473,075 00
800
33.075
'889
7,943

00
00
78
63

$5,809,377 41

$5,809,377 41

Ot
o
o

Cashson Deposit in Banks, amount in each : —
Metacomet National Bank, Fall River, .
National Bank of Redemption, Boston,
Third National Bank, Springfield,
Chapin National Bank, Springfield,

00
11,575 00
2,000 00
5,000 00

Loans on Bank Stock, amount on each : —


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$90 00
10,000 00
0°
o
o
c

On 1 share Fall River National Bank, Fall River,
On 120 shares Metropolitan National Bank, Boston,
On 28 shares Metropolitan National Bank, Boston,
On 50 shares Commercial National Bank, Boston,
On 25 shares First National Bank, Clinton, .

00

1890.]

183

P U B L IC D O CU M EN T — No. 8
Detailed Statement o f Public Funds.

Par Value.

District of Columbia 7s, .
County of Hamp’den, Mass., 3s,
of Essex, Mass., 3|s, .
of Bristol, Mass., 4is, .
of Bristol, Mass., 3|s, .
of Bristol, Mass., 31s, .
City of Boston, Mass., 5s,
of Boston, Mass., 4s,
of Cambridge, Mass., 4s, .
of Cambridge, Mass., 3|s,
of New Bedford, Mass., 3|s,
of Lynn, Mass., 4s, .
of Waltham, Mass., 4s,
of Gloucester, Mass , 4s, .
of Nashua, N. H., 4s,
of Fall River, Mass., 4s, .
of Fall River, Mass., 6s, .
of Fall River, Mass., 5s, .
Town of Freetown, Mass., 4Ls,
of Hyde Park, Mass., 4s,
of Ashland, Mass., 4s, .
of Belmont, Mass., 4s, .

.

$3,000
15,000
50,000
20,000
20,000
40,000
100,000
200,000
80,000
61,000
30,000
10,000
72,000
40,000
12,000
46,000
39,000
22,000
3,600
5,000
5,000
41,500
$915,100

Estimated
Market Value.

$4,200
14,100
50,500
21,000
20,000
40,000
120,000
222,000
85,600
61,000
30,000
10,900
74,880
41,400
12,000
47,410
48,960
24,860
3,600
5,000
5,000
41,500

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

Amount Invested.

$3,000
15,000
50,000
20,000
20,000
40,000
100,000
200,000
80,000
61,000
30,000
10,000
72,000
40,000
12,000
46,000
39,000
22,000
3,600
5,000
5,000
41,500

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

$983,910 00 $915,100 00 .

Detailed Statement of Bank Stocks.
«*-.

03

° 2
& 5,
330
232
150
400
300
160
200
250
400
300
107
200
500
220
420
715
935
432
150

Estimated
Market Value.

First National Bank, Boston,.
Second Nati Bank, Boston, .
Eliot National Bank, Boston,
Faneuil Hall N’l B’k, Boston,
Howard Nati Bank, Boston, .
Merchants1 N1 Bank, Boston,
Washington N ! Bank, Boston,
N1 Hide & Leather B’k, Boston,
N’lB ’k o f No. America, Boston,
Natl Revere Bank, Boston, .
N1 B’k of Redemption, Boston,
N’l B’k of Commerce, Boston,
First N’l Bank, New Bedford,
Merchants’ Nati Bank, New
Bedford,
.
.
.
.
National Bank of Commerce,
New Bedford,
Fall River N’l B’k, Fall River,
Metacomet N I B’k, F all River,
Massasoit N’l B’k, Fall River,
Second Natl Bank, Fall River,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$33,000
$80,025
40,600
23,200
15,000
19,725
40,000
57,600
33,000
30,000
16,000
22,720
20,000
25,100
25,000
30,000
40,000
48,800
30,000
37,200
10,700
14,391
20,000 . 25,600
75,000
50,000
22,000
42,000
71,500
93,500
43,200
15,000

00
00
00
00
00
00
00
00
00
00
50
00
00

41,800 00
40,740
78,650
121,550
77,760
22,500

00
00
00
00
00

$61,050
31,900
15,000
46,000
30,000
20,400
22,000
25,000
40,000
30,000
14,231
20,000
55,000

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

28,600 00
•
42,000 00
78,650 00
102.850 00
64,800 00
15,000 00-

$640,100 $892,761 50 $742,481 00

184

B A N K CO M M ISSIO N ERS’ R E PO R T.

[Jan.

Detailed Statement o f Railroad Bonds.
Estimated

Par Value.

Boston & Albany R.R. 6s,
Boston & Albany R.R. 7s,
Old Colony R.R. 6s,
. . .
Old Colony R.R. 7s,
Old Colony R.R. 4Js,
Boston, Clinton, Fitchburg & New
Bedford R R. 5s, .
Boston, Clinton & Fitchburg R.R. 7s,
New Bedford R.R. 7s,
N. Y., Providence & Boston R.R. 7s,
Boston & Providence R.R. 7s,.
Boston & Lowell R.R. 4s,
Boston & Lowell R.R. 7s,
Worcester, Nashua & Roch. R.R. 4s,
Boston, Winthrop & Shore R R . 5s,
Maine Central R.R 6s, .
Maine Central R.R. 7s, .
Leeds & Farmington R.R. 6s,
Androscoggin & Kennebec R.R. 6s,

Market Value.

$100,000
25,000
77,000
13,000
50,000

$112,000
26,750
88,140
14,690
55,500

26,000
10,000
5,000
10,000
10,000
25,000
10,000
15,000
15,000
10,000
7,000
15,000
17,500

31,590
10,000
5,725
10,900
12,650
26,500
11,550
15,900
17,700
12,100
8,610
17,175
18,025

Amount Invested.

00 $100,000 00
25,000 00
00
77,000 00
00
00
13,000 00
50,000 00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

26,000
10,000
5,000
10,000
10,000
25,000
10,000
15,000
15,000
10,000
7,000
15,000
17,500

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

$440,500 $495,505 00 $440,500 00

Total Amount o f Loans with Each Specified Rate o f Interest, including
Deposits in Banks on Interest.

Amount.

$11,575
14,500
7,000
150,000

Rate.

00
00
00
00

2 per cent.
24
“
3

34

“

Amount.

$615,800
75.000
557,000
18.000

00
00
00
00

Rate.

Amount.

Rate.

4 per cent.
41
“
44
“
41
“

$888,855 00
1,304,841 00
14,892 00

5 per cent.

54

“

6

Amount invested in real estate for banking purposes,....................................$45,000 00
Estimated value of the sam e,................................................................................
45,000 00
Assessed value of the same, i
......................................................................
46,000 00
Net income received from same during year ending Oct. 31, 1889,
.
.
500 00
Number of loans which are of an amount not exceeding $3,000 each, . 706
Aggregate amount of the s a m e , .......................................................................
933,125 00
Total number of loans upon real e s t a t e , ............................................ 792
Gross amount of interest or profits received or earned, as per books, during
year ending Oct. 31, 1 8 8 9 , ...............................................................................
341,655 71
Rate and amount of each semi-annual dividend during the 1 2| per cent., f 123,231 30
year ending Oct. 31, 1 8 8 9 , ..................................................... J 21 per cent., 1 124,476 34
Times for the dividends fixed by the by-laws : first Monday in, April and
October.
Number of accounts opened during the year ending Oct. 31, 1889,
2,092


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Federal Reserve Bank of St. Louis

185

PU B L IC D O CU M EN T — No. 8.

1890.]

Number of accounts closed during the year ending Oct. 31, 1889,
1,894
Total number of open accounts Oct. 31, 1889,
.
.
.
.
11,451
Expenses of the corporation for the year ending Oct. 31, 1889 (exclusive
of t a x e s ) , ................................................................................................................$12,305 85
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 8 8 9 , .......................................................................................
930,939 44
Number of s a m e , ............................................................................... 10,162
Amount of withdrawals, including dividends, during the year ending Oct.
31, 1889.................................................................................................................... 1,186,716 21
Number of s a m e , ............................................................................... 8,962
Date of examination by commissioner: July 11.

Glassification o f Deposits received during the Year ending Oct. 3 1 ,1 8 8 9 .

O f $50 and less,
Exceeding $50, and not
more than $100, .
Exceeding $100, and not
more than $200, .
Exceeding $200, and not
more than $500, .
Exceeding $500, and less
than $1,000, .
O f $1,000 or more, .

Num­
ber.

Amount.

7,105

$149,327 72

1,409

116,521 24

674

106,161 49

572

202,997 27

215
187

150,690 23
205,241 49

10,162

$930,939 44

C o m m o n w e a lt h
B ristol ,

ss .

Num­
ber.
To the credit —
O f women, both adult
and minor,
O f guardians,
Of religious and char­
itable associations, .
In trust, .
.
.
.

of

Amount.

5,077
23

$430,696 57
6,871 39

154
767

12,887 52
154,010 17

M assach u setts .
F a l l R iv e r , N ov . 5, 1889.

Personally appeared C. A. Bassett, Treasurer of the Fall River Savings Bank, and
made oath that the foregoing statement, by him subscribed, is a true and correct state­
ment of all the resources and liabilities of said institution, and that the answers made by
him to the foregoing interrogatories contain the whole truth in reference to the matters
to which they relate, according to his best knowledge and belief.
Before me,
B ristol ,

ss .

H e n r y K. B r a l e y , Justice o f the Peace.

F a l l R iv e r , N ov . 5, 1889.

Personally appeared C. E. Lindsey, President, and R. C. Brown, G. H. Hathaway,
J. C. Eddy, H. C. Hawkins and Robert Henry, trustees of said corporation, and sever­
ally made oath that the annexed report is correct, according to their best knowledge and
belief.
Before me,
H e n r y K . B r a l e y , Justice o f the Peace.


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Federal Reserve Bank of St. Louis

186

B A N K CO M M ISSIO N ERS’ R E PO R T.

[Jan.

F A L L R IV E R F IV E CENTS S A V IN G S B A N K — F A L L
R IV E R .
Incorporated April 10, 1855.
W

alter

Present number of corporators, 48.

C. D u r f e e , President.

C h a s . J. H o l m e s , Treasurer.
J o h n P . S l a d e , Clerk o f the Corporation.

Names of committee charged with the investment of its funds :
W a l t e r C. D u r f e e ,
S a m ’ l M. B r o w n ,
L e o n t in e L in c o l n ,
E d w in S h a w ,
C h a s . E . G if f o r d .

Open for business every business day, 9

.m .

a

to 2

p

.m .

B ala n c e S h e e t , O ctober 31, 1889.

A ssets.

L ia b il it ie s .

Public funds as per schedule, .
Bank stock as per schedule,
Railroad bonds as per schedule,
Real estate (for banking pur­
poses), ....................................
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
(n o te s ),....................................
Deposit in bank, on interest,
Expense account,
Stock of Border City M ’f’g Co.,
Fall River,* .
.
.
.
Stock of Granite Mills, Fall
R i v e r ,* ....................................
Cash on hand, .
.
.
.

$20,000 00
421,800 00
120,000 00
45.000
53,390
872,705
644,700

00
38
00
00

Deposits, .
Guaranty fund,
Interest account,
Profit and loss ac­
count, .
Rent account, .
Premium account, .
Second Nat’l Bank, .

1,926
10,899
1,598
3,807

50
36
93
10

5,000 00
30.000 00
2,441 12
12,500 00
15,750 00
238 05
$2,243,524 55

*

$2,133,716 61
41,828 37
49,747 68

$2,243,524 55

Taken to secure indebtedness.

Cash on Deposit in Bank : —
Metacomet National Bank, Fall R iv e r ,.............................................................. $30,000 00

Detailed Statement o f Public Funds.

*

United States 6s,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Par Value.

$20,000

Estimated
Market Value.

$25,800 00

Amount Invested.

$20,000 00

1890.]

187

PU B L IC D O CU M EN T — No. 8

Shares.

No. of

Detailed Statement o f Bank Stocks.

50
230
200
60
100
35
232
15
160
150
100
50
254
200
156
13
85
111
150
106
100
80
120
250
200
30
300
100
20
13
100
36
412

Par Value.

Atlantic Nat’l Bank, Boston, .
Atlas National Bank, Boston, .
Blackstone N’l Bank, Boston,.
Boston Nat’l Bank, Boston, .
National City Bank, Boston, .
N’l B’k of Commerce, Boston,
Continental N’l Bank, Boston,
Eliot National Bank, Boston,.
Everett Nat’l Bank, Boston,. .
Nat’l Exchange Bank, Boston,
Faneuil Hall N’l B’k, Boston,
First National Bank, Boston, .
N ’l Hide & Leather B’k,Boston,
Howard Nat’l Bank, Boston, .
Lincoln Nat’l Bank, Boston, .
Maverick Nat’l Bank, Boston,
Monument N’l Bank, Boston,.
Merchandise N’l B’k, Boston,
Metropolitan N ’l B’k, Boston,
N’l B’k of No. America, Boston,
N’l B’k of Redemption, Boston,
National Revere Bank,Boston,
Shawmut Nat’l Bank, Boston,
Shoe & Leather N’l B’k.Boston,
Third National Bank, Boston,
Nat’l Webster Bank, Boston,.
First National Bank, Chelsea,
First National Bank, Malden,
Oxford Nat’l Bank, Oxford, .
Palmer Nat’l Bank, Palmer, .
Metacomet N’l B’k, Fall River,
Nat’l Union Bank, Fall River,
Second N’l Bank, Fall River,

$5,000
23,000
20,000
6,000
10,000
3,500
23,200
1,500
16,000
15,000
10,000
5,000
25,400
20,000
15,600
1,300
8,500
11,100
15,000
10,600
10,000
8,000
12,000
25,000
20,000
3,000
30,000
10,000
2,000
1,300
10,000
3,600
41,200

Estimated
Market Value.

$7,125
27,600
22,550
7,320
9,500
4,580
26,220
1,972
16,640
19,125
14,400
12,125
30,480
22,000
18,408
3,120
18,700
7,770
15,600
19,600
13,425
9,920
15,600
23,500
20,900
3,000
42,000
14,000
2,400
1,690
13,000
3,600
61,800

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

$421,800 $529,670 00

Amount Invested

$5,000
23,000
20,000
6,000
10,000
3,500
23,200
1,500
16,000
15,000
10,000
5,000
25,400
20,000
15,600
1,300
8,500
11,100
15,000
10,600
10,000
8,000
12,000
25,000
20,000
3,000
30,000
10,000
2,000
1,300
10,000
3,600
41,200

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

$421,800.00

Detailed Statement o f Railroad Bonds.

Par Value.

Rutland R.R. 5s,
.
Old Colony R.R. 4s,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

.

.

*

Estimated
Market Value.

Amount Invested.

$70,000 00*
50,000 00

$100,000
50,000

$100,000 00
55,000 00

$150,000

$155,000 00 $120,000 00

A legal investment when made.

188

BANK

CO M M ISSIO N ERS’ R E PO R T.

[Jan.

Total Amount o f Loans with Each Specified Rate o f Interest, including
Deposits in Banks on Interest.

$235,000 00
30,000 00
124,500 00

Amount.

Kate.

Amount.

4

$185,000 00
286,300 00
5,500 00

per cent.

H

“

4i

»

Kate.

4 f per cent.
5
“
5i
“

Rate.

Amount.

5J per cent.
6
“

$667,405 00
18,700 00

Amount invested in real estate for banking purposes,....................................$45,000 00
Estimated value of the sam e,...............................................................................
57,000 00
............................................
57,000 00
Assessed value of the same,
Net income received from same during year ending Oct. 31, 1889,
.
.
2,938 01
Value, by books, of other real estate, held by foreclosure or otherwise,
.
53,390 38
Assessed value of the s a m e ,................................................................................
63,600 00
Net income received from same during year ending Oct. 31, 1889,
.
.
2,188 87
Number of loans which are of an amount not exceeding $3,000 each, 333
Aggregate amount of the s a m e , ......................................................................
496,805 00
Total number of loans upon real estate,......................................................391
Gross amount of interest or profits received or earned, as per books, during
114,778 67
year ending Oct. 31, 1 8 8 9 , ...............................................................................
Rate and amount of each semi-annual dividend during the 7 2| per cent., \ 45,708 79
year ending Oct. 31, 1 8 8 9 , ..................................................... ^2^ per cent.,*
47,583 91
Times for the dividends fixed by the by-laws: second Monday in June
and December.
Number of accounts opened during the year ending Oct. 31, 1889,
1,770
Number of accounts closed during the year ending Oct. 31, 1889,
1,002
Total number of open accounts Oct. 31, 1889,
.
.
.
.
8,007
Expenses of the corporation for the year ending Oct. 31, 1889 (exclusive
of t a x e s ) , ..........................................................................................................
6,438 30
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 8 8 9 , ........................................................................................
530,531 31
Number of s a m e , ................................................................................10,674
Amount of withdrawals, including dividends, during the year ending Oct.
31, 1 8 8 9 , ..........................................................................................................
412,117 82
Nupiber of s a m e , ................................................................................ 5,078
Date of examination by commissioner: July 11.

Classification o f Deposits received during the Year ending Oct. 3 1 ,1 8 8 9 .
Num­
ber.
O f $50 and less,
Exceeding $50, and
more than $100, .
Exceeding $100, and
more than $200,
Exceeding $200, and
more than $500, .
Exceeding $500, and
than $1,000, .
O f $1,000 or more, .

9,066

$104,610 50

744

69,882 69

358

55,729 74

281

99,298 18

112
113

79,101 23
121,908 97

10,674

$530,531 31

not
not
not
less


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Federal Reserve Bank of St. Louis

Num­

Amount.

ber.
To the credit —
O f women, both adult
and minor,
O f guardians,
O f religious and char­
itable associations, .
In trust................................

Amount.

4,719
23

$239,965 53
5,207 44

57
177

12,169 21
125,143 42

1890.]

189

P U B L IC D O C U M E N T — No. 8.

Com m onw ealth

or

M assa ch u setts.
B ristol ,

ss .,

N ov . 6, 1889.

Personally appeared C. J. Holmes, Treasurer of the Fall River Five Cents Savings
Bank, and made oath that the foregoing statement, hy him subscribed, is a true and
correct statement of all the resources and liabilities of said institution, and that the
answers made by him to the foregoing interrogatories contain the whole truth in refer­
ence to the matters to which they relate, according to his best knowledge and belief.
Before me,

H e n r y H. E a r l , Justice o f the Peace.

%

B r istol ,

ss .,

N ov. 6, 1889.

Personally appeared Walter C. Durfee, President, and Edwin Shaw, Leontine Lincoln,
Chas. E. Gifford, Sam’l M. Brown and Chas. E. Fisher, trustees of said corporation,
and severally made oath that the annexed report is correct, according to their best
knowledge and belief.


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Federal Reserve Bank of St. Louis

Before me.

H e n r y H. E a r l , Justice o f the Peace.

190

B A N K CO M M ISSIO N ERS’ R E P O R T .

[Jan

F A R M E R S ’ A N D M E C H A N IC S ’ S A V IN G S B A N K — SOUTH
F R A M IN G H A M .
Incorporated April 23, 1883.
W

il l a r d

Present number of corporators, 24.

H o w e , President.
G e o r g e E . C u t l e r , Treasurer.
S. G . D a v e n p o r t , Clerk o f the Corporation.

Names of committee charged with the investment of its funds.
G e o . E. C u t l e r ,
J o se p h W . B u l l a r d ,
H . L. S a w y e r ,

W i l l i s M. R a n n e y ,
C h a s. D . L e w is ,
F r a n k l i n E n s l in .

Open for business every business day, except Saturday, 8
Saturday, 8 a . m . to 12 m .

a .m .

to 12

m .,

2 to 4

p .m .

;

B a l a n c e Sh e e t , O ctober 31, 1889.

A ssets.

Bank stock as per schedule,
Loans on real estate, .
Loans on personal security,
Deposits in banks, on interest, .
Furniture.......................................
Cash on hand, .
.
.
.

L ia b il it ie s .

$28,185
269,395
80,910
15,300
178
463

00
00
00
00
00
10

Deposits, .
Guaranty fund,
Interest account,
Cemetery fund,

$389,641
3,585
1,104
100

$394,431 10

79
00
31
00

$394,431 10

Cash on Deposit in Banks, amount in each : —
Framingham National Bank, South F r a m i n g h a m ,....................................$10,300 00
Holliston National Bank, H o l l i s t o n ,...............................................................
5,000 00

No. of
Shares.

Detailed Statement o f Bank Stocks.

64
26
9
5
10

Par Value.

Framingham National Bank,
South Framingham, .
Holliston N’l Bank, Holliston,
Northhoro’ N’l B’k, Northboro’,
First Nat’l Bank, Chelsea,
First N’l B’k, West Newton, .


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$6,400
2,600
900
500
1 ,0 0 0

Estimated
Market Value.

$9,920
3,120
1,125
650
1,050

00
00
00
00
00

Amount Invested.

$9,456
3,142
1,134
650

00
25
00
00

1 ,0 0 0 0 0

1890.]

191

P U B L IC D O C U M E N T — No. 8.

No. of

Shares.

Detailed Statement o f Bank Stocks — Concluded.

21
16
10
40
10
9
6

Par Value.

Continental N ’l Bank, Boston,
Eliot National Bank, Boston,.
Freeman’s N’l Bank, Boston, .
Market Nat’l Bank, Boston, .
Nat’l Revere Bank, Boston, .
Second Nat’l Bank, Boston, .
Shawmut Nat’l Bank, Boston,

$2,100
1,600
1,000
4,000
1,000
900
600
$22,600

Estimated
Market Value.

$2,572
2,080
1,035
3,920
1,240
1,575
762

Amount Invested.

50
00
00
00
00
00
00

$29,049 50

$2,525
2,084
950
3,908
1,252
1,358
724

25
00
00
25
50
25
50

$28,185 00

Total Amount o f Loans with Each Specified Bate o f Interest, including
Deposits in Banks on Interest.

Kate.

Amount.

$15,300 00
158,350 00

2£ per cent.
5
“

Amount.

$29,200 00

Rate.

Amount.

5^ per cent.

$162,755 00

Rate.

6 per cent.

Number of loans which are of an amount not exceeding $3,000 each, 171
Aggregate amount of the s a m e , ........................................................................$185,955 00
Total number of loans upon real e s t a t e , ............................................. 142
Gross amount of interest or profits received or earned, as per books, during
year ending Oct. 31, 1889.....................................................................................
18,260 31
Rate and amount of each semi-annual dividend during the 1 2£ per cent., f
7,319 46
year ending Oct. 31, 1889, .
.
.
.
.
.
.1 2 per cent., 1
6,755 44
Times for the dividends fixed by the by-laws : first Tuesday in April and
October.
Number of accounts opened during the year ending Oct.31, 1889,
. 458
Number of accounts closed during the year ending Oct.31, 1889,
. 152
Total number of open accounts Oct. 31, 1889,
.
.
.
.
1,468
Expenses of the corporation for the year ending Oct. 31, 1889 (exclusive of
ta x e s ),....................................................................................................................
1,355 85
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1889............................................................................................... 182,945 13
Number of s a m e , .........................................................................2,216
Amount of withdrawals, including dividends, during the year ending Oct.
31, 1889.................................................................................................................... 112,733 01
Number of s a m e , .................................................. .....................
1,094
Date of examination by commissioner: March 29.


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Federal Reserve Bank of St. Louis

192

B A N K CO M M ISSIO N E R S’ R E P O R T .

[Jan

Classification o f Deposits received during the Year ending Oct. 3 1 ,1 8 8 9 .
Num­
ber.

O f $50 and Ess,
Exceeding $50, and not
more than $100, .
Exceeding $100, and not
more than $200, .
Exceeding $200, and not
more than $500, .
Exceeding $500, and less
than $1,000, .
Of $1,000 or more, .

Num­
Amount.

ber.

1,511

$31,846 07

338

28,269 49

172

26,729 89

131

45,106 90

42
22

28,992 78
22,000 00

2,216

$182,945 13

Co m m o n w ea lth

op

To the credit —
Oi women, both adult
and minor,
O f guardians,
O f religious and charitable associations, .
In trust, .
.
.
.

Amount.

718
19

$56,498 08
2,578 21

2
59

391 70
12,302 13

M assach u setts.
M id d l e s e x ,

ss .,

N ov . 16, 1889.

Personally appeared George E. Cutler, Treasurer of the Farmers’ and Mechanics’
Savings Bank, and made oath that the foregoing statement, by him subscribed, is a
true and correct statement of all the resources and liabilities of said institution, and
that the answers made by him to the foregoing interrogatories contain the whole truth
in reference to the matters to which they relate, according to his best knowledge and
belief.
Before me,
S. A. P h i l l i p s , Justice o f the Peace.

M id d l e s e x ,

ss .,

N o v . 16, 1889.

Personally appeared Willard Howe, President, and Jos. W . Bullard, S. G. Davenp'ort,
H. L. Saw'yer, Chas. D. Lewis and Geo. E. Cutler, trustees of said corporation, and
severally made oath that the annexed report is correct, according to their best knowl­
edge and belief.
Before me,
S. A . P h i l l i p s , Justice o f the Peace.


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Federal Reserve Bank of St. Louis

1890.]

193

P U B L IC D O CU M EN T — No.

F IT C H B U R G

SA V IN G S

Incorporated February 12, 1846.

B A N K — F IT C H B U R G .

Present number of corporators, 53.
C h a s . J. B i l l i n g s , Treasurer.

C h a s . E . W a k e , President.

E b e n e z e r B a i l e y , Clerk o f the Corporation.

Names of committee charged with the investment of its funds :
R odney W allace,

D a n ie l C ross,

R l e b e n R . Co n n ,

C. M . P a r k e r ,

Ch a s. E . W a r e .

Open for business every business day, except Saturday, 9
Saturday, 9

a .m .

B a l a n c e Sh e e t , O c to b er

to 3 p .m ;

31, 1889.

L ia b il it ie s .

A ssets.

Public funds as per schedule, .
Bank stock as per schedule,
Loans on bank stock,
Railroad bonds as per schedule,
Real estate (for banking pur­
poses), ....................................
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
(notes), ....................................
Deposits in banks, on interest, .
Deposit in bank, not on interest,
Cash on hand, .
.
.
.

a .m .

to 2 p . m .

$223,222
215,996
13,500
182,100

50
00
00
00

145,000
18,950
884,375
819,450

00
00
00
00

25,000
35,505
5,000
1,620

00
40
00
66

$2,569,719 56

Deposits, .
Guaranty fund,
Interest account,

$2,447,408 62
85,100 00
37,210 94

$2,569,719 56

Cash on Deposit in Banks, amount in each: —
Maverick National Bank, B oston ,....................................................................... $23,505 40
17,000 00
Fitchburg National Bank, F itc h b u r g ,..............................................................

Loans on Bank Stock, amount on each: —
On 10 shares Merchants’ National Bank, Boston,.
.
.
.
•
' l
On 20 shares Eliot National Bank, Boston............................................................
On 24 shares Safety Fund National Bank, Fitchburg.......................................


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Federal Reserve Bank of St. Louis

Si3 000 00
’
1,800 00

194

B A N K CO M M ISSIO N E R S’ R E P O R T .

[Jan
$2,700 00

On 80 shares Safety Fund National Bank, Fitchburg, .
On 15 shares Safety Fund National Bank, Fitchburg, .
On 63 shares Safety Fund National Bank, Fitchburg, .

1,000 00

5,000 00

Detailed Statement o f Public Funds.

Par Value.

United States 4s,
City of Fitchburg, Mass., 6s, .
of Fitchburg, Mass., 3^s,.
of Norwich, Conn., 7s,
of Portland, Me., 6s,
Town of Turner’s Falls, Mass., 4s, .
City of Keene, N. H., 3^s,
of New Bedford, Mass., 4s,
Town of Leominster, Mass., 4s,

$50,000
52,000
15,000
17,000
5,000
30,000
12,000
25,000
20,000

Estimated
Market Value.

$63,500
55,900
15,075
24,820
6,200
30,645
12,000
26,375
20,600

Amount Invested.

00 $50,000 00
48,625 00
00
15,000 00
00
00
17,935 00
00
4,662 50*
00
30,000 00
00* 12,000 00
00
25,000 00
20,000 00
00

$226,000 $255,115 00 $223,225 50
*A

legal investment when made.

No. of

Shares.

Detailed Statement o f Bank Stocks.

First N’l Bank, Ashburnham,
Boston Nat’l Bank, Boston, .
Howard Nat’l Bank, Boston, .
Lincoln Nat’l Bank, Boston, .
Merchants’ N’l Bank, Boston,
North National Bank, Boston,
N’l Hide &Leather B’k,Boston,
Nat’l Revere Bank, Boston, .
N’l B’k of No. America, Boston,
Fitchburg NM B’k, Fitchburg,
Rollstone N’l B’k, Fitchburg,
Safety Fund N’l B’k, Fitchburg,
Citizens’ N’l B’k, New Bedford,
N’l Bank of Commerce, New
Bedford,
. . . .
5 Townsend N’l B’k, Townsend,
200 Crocker N’l B’k, Turner’s Falls,
100 City Nat’l Bank, Worcester, .
30 Quinsigamond National Bank,
Worcester, . . . .

100
133
150
100
200
116
100
150
66
153
113
170
100
100


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Par Value.

Estimated
Market Value.

Amount Invested.

$10,000
13,300
15,000
10,000
20,000
11,600
10,000
15,000
6,600
15,300
11,300
17,000
10,000

$10,500
16,226
16,500
11,475
29,100
16,124
12,000
18,600
8,068
22,644
16,950
18,700
13,900

00
00
00
00
00
00
00
00
50
00
00
00
00

$10,000
13.300
15,000
10,000
20,000
11,600
11,600
15,000
6,600
16,736
12,210
18,050
10,000

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

10,000
500
20,000
10,000

9,800
550
26,000
14,200

00
00
00
00

12,400
500
20,000
10,000

00
00
00
00

3,000

3,660 00

3,000 00

$208,600 $264,997 50 $215,996 00

195

P U B L IC D O CU M EN T — No. 8.

1890.]

Detailed Statement o f Railroad Bonds.

Par Value.

Fitchburg R.R. 5s, .
Fitchburg R.R. 4is, .
.
.
Fitchburg R.R. 4s, .
Vermont & Massachusetts R.R. 5s,.

$69,000
45.000
50.000
16.000

Estimated
Market Value.

$73,220
45,112
48,000
17,760

Amount Invested.

00
50
00
00

$70,500
45.000
56.000
16,600

00
00
00
00

$180,000 $184,092 50 $182,100 00

Total Amount o f Loans with Each Specified Rate o f Interest, including
Deposits in Banks on Interest.

Rate.

Amount.

$23,505 40
12,000 00
49,000 00
65,000 00

2^ per cent.
3
4

“

H

“

Amount.

$20,000
201,400
165,000
831,100

00
00
00
00

Rate.

Amount.

4f per cent.
4è
“
4|
5
“

$377,600 00
32,725 00
500 00

Rate.

5J per cent.
“
“

6
6h

Amount invested in real estate for banking purposes,....................................$145,000 00
Estimated value of the s a m e ,................................................................................
145,000 00
Assessed value of the same, .
.
.
.
.............................................
120,000 00
Net income received from same during year ending Oct. 31, 1889,
.
.
1,305 85
Value, by books, of other real estate, held by foreclosure or otherwise,
.
18,950 00
Assessed value of the s a m e ,.................................................................................
16,750 00
Net income received from same during year ending Oct. 31, 1889,
.
.
509 98
Number of loans which are of an amount not exceeding $3,000 each,. 291
Aggregate amount of the s a m e , ........................................................................
393,225 00
Total number of loans upon real estate,......................................................342
Amount of investments from which no income is received, .
.
.
.
1,350 00
Gross amount of interest or profits received or earned, as per books, during
year ending Oct. 31, 1889, .................................................................................
131,793 97
Rate and amount of eachsemi-annual dividend during the j 2 per cent., j
46,056 95
year ending Oct. 31, 1889, ............................................... 1 2
per cent., 1
46,952 04
Times for the dividends fixed by the by-laws : January 1 and July 1.
Number of accounts opened during the year ending Oct. 31, 1889,
1,036
Number of accounts closed during the year ending Oct. 31, 1889,
. 968
Total number of open accounts Oct. 31, 1889,
.
.
.
.
5,956
Expenses of the corporation for the year ending Oct. 31, 1889 (exclusive
of t a x e s ) , ...........................................................................................................5,513
25
Amount of deposits, not including dividends, received during the year end­
ing Oct. 31, 1 8 8 9 ,..................................................................................................
487,213 23
Number of s a m e , ................................................................................ 3,706
Amount of withdrawals, including dividend«, during the year ending Oct.
31, 1889.....................................................................................................................
505,267 05
Number of same.......................................................................................3,200
Date of examination by commissioner: October 18.


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Federal Reserve Bank of St. Louis

196

[Jan.

B A N K CO M M ISSIO N ERS’ R E PO R T.

Classification o f Deposits received during the Year ending Oct. 31, 1889.
Num­
ber.
O f $50 and less,
Exceeding $50, and
more than $100, .
Exceeding $100, and
more than $200, .
Exceeding $200, and
more than $500, .
Exceeding $500, and
than $1,000, .
O f $1,000 or more, .

Num­

Amount.

2,326

$53,019 41

526

43,897 34

288

45,873 94

306

110,829 81

147
113

104,865 57
128,727 08

3,706

$487,213 15

not
not
not

ber.
To the credit —
Of women, both adult
and minor,
Of guardians,
O f religious and chari­
table associations, .
In trust................................

Amount.

1,786
19

$228,301 82
7,875 00

26
95

5,072 00
41,425 60

less

C o m m o n w e a l t h of M a s s a c h u s e t t s .

W orcester,

ss.,

N ov. 11, 1889.

Personally appeared Charles J. Billings, Treasurer of the Fitchburg Savings Bank,
and made oath that the foregoing statement, by him subscribed, is a true and
correct statement of all the resources and liabilities of said institution, and that the
answers made by him to the foregoing interrogatories contain the whole truth in refer­
ence to the matters to which they relate, according to his best knowledge and belief.
Before me,

E d w a r d P. P i e r c e , Justice o f the Peace.

W o r c e s t e r , ss., Nov. 11, 1889.

Personally appeared Charles E. Ware, President, and Rodney Wallace, Daniel
Cross, R. R. Conn, H. G. Morse and Thornton K. Ware, trustees of said corpora­
tion, and severally made oath that the annexed report is correct, according to their best
knowledge and belief.
Before me,
E d w a r d P. P i e r c e , Justice o f the Peace.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

1890.]

197

P U B L IC D O CU M EN T — No. 8. .

FLO R EN C E S A V IN G S B A N K — F LO R E N C E .
Incorporated 1873.
A. T. L il l y , President.

Present number of corporators, 38.

M. W . Bond, Treasurer.
M. W . B ond, Clerk o f the Corporation.

Names of committee charged with the investment of its funds :
A. T. L il l y ,

H. F. Cutler ,
L. F. P l y m p t o n ,

Sa m u e l P orter,

W . L. W i l c o x .

Open for business every business day, 10

. to 2 p . m .

31, 1889.

B a l a n c e Sh e e t , O cto ber

A ssets.

Public funds as per schedule, .
Bank stock as per schedule,
Railroad bonds as per schedule,
Loans on real estate, .
Loans on personal security,
Deposits in banks, on interest, .
Expense account,
Premium account,
Cash on hand, .
.
.
.

a .m

L ia b il it ie s .

$8,000
19,300
18,000
110,839
67,735
46,421
71
1,500
551

00
00
00
00
00
93
57
00
60

Deposits, .
Guaranty fund,
Interest account,

$272,419 10

$262,945 78
8,729 12
744 20

$272,419 10

Cash on Deposit in Banks, amount in each : —
Hampshire County National Bank, Northampton,
First National Bank, Northampton,
Northampton National Bank, Northampton,
Home National Bank, Holyoke,
.
.
.
.
Safety Fund National Bank, Fitchburg,
First National Bank, Easthampton,

....................................$15,282
61
....................................
13,424 55
....................................1,000
00
....................................9,714
77
....................................1,000

6,000 00
00

Detailed Statement o f Public Funds.

Tar Value.

Town of Abington, Mass., 4s,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$8,000

Estimated
Market Value.

$8,261 00

Amount Invested.

$8,000 00

198

[Jan.

B A N K C O M M ISSIO N E R S’ R E PO R T

No. of
Shares.

Detailed Statement o f Bank Stocks.

55
68
70

Par Value.

Home Nat’l Bank, Holyoke, .
First N’l Bank, Northampton,
Hampshire County National
Bank, Northampton, .

Estimated
Market Value.

Amount Invested.

$5,500
6,800

$5,775 00
8,840 00

$5,500 00
6,800 00

7,000

8,400 00

7,000 00

$19,300

$23,015 00

$19,300 00

Detailed Statement o f Railroad Bonds.

Par Value.

Vermont & Massachusetts R.R. 5s,
Old Colony R.R. 6s,
. . .
New Bedford R.R. 7s,
Boston & Providence R.R. 4s,.
Boston & Lowell R.R. 4s,

$1,000
1,000
1,000
10,000
5,000
$18,000

Estimated
Market Value.

$1,110
1,155
1,135
10,800
5,225

Amount Invested.

00
00
00
00
00

$19,425 00

$1,000
1,000
1,000
10,000
5,000

00
00
00
00
00

$18,000 00

lotal Amount of Loans with Each Specified Rate o f Interest, including
Deposits in Banks on Interest.

Amount.

$2,000 00
9,714 77

Rate.

3 per cent.
3è
“

Amount.

$34,707 16
77,350 00

Rate.

Amount.

Rate.

4 per cent.
5
“

$101,224 00

6 per cent.

Number of loans which are of an amount not exceeding $3,000 each,. 142
Aggregate amount of the s a m e , .......................................................................$100,674 00
Total number of loans upon real estate,..................................................... 122
Gross amount of interest or profits received or earned, as per books, during
year ending Oct. 31, 1 8 8 9 ,.................................................................................
12,779 57
Rate and amount of each semi-annual dividend during the ) 2 per cent., f
4,450 39
4,762 83
year ending Oct. 31, 1 8 8 9 , ..................................................... i 2 per cent., 1
Times for the dividends fixed by the by-laws : second Tuesday in April
and October.
Number of accounts opened during the year ending Oct. 31, 1889,
. 238
Number of accounts closed during the year ending Oct. 31, 1889,
. 165
Total number of open accounts Oct. 31, 1889,
.
.
.
.
1,279


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

1890.]

P U B L IC D O CU M EN T — No. 8.

199

Expenses of the corporation for the year ending Oct. 31, 1889 (exclusive
of t a x e s ) , .................................................................................................................. $1,266 74
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 8 8 9 , .........................................................................................
72,439 68
Number of same....................................................................................... 1,785
Amount of withdrawals, including dividends, during the year ending Oct.
31, 1 8 8 9 , ..........................................................................................................
52,004 11
Number of s a m e , ........................................................................................ 873
Date of examination by commissioner : January 25.

Classification of Deposits received during the Year ending Oct. 3 1 ,1 8 8 9 .
Num­
ber.
O f $50 and less,
Exceeding $50, and
more than $100, .
Exceeding $100, and
more than $200, .
Exceeding $200, and
more than $500, .
Exceeding $500, and
than $1,000, .
O f $1,000 or more, .

Num­

Amount.

1,539

$22,780 07

123

9,828 65

59

9.159 41

not
not
not
46

16,555 25

16
2

11,956 30
2.160 00

1,785

$72,439 68

ber.
To the credit —
Of women, both adult
and minor,
O f religious and chari­
table associations, .
In trust.................................

Amount.

833

$31,681 53

47
40

1,753 45
2,889 60

less

C o m m o n w e a l t h of M a s s a c h u s e t t s .
H a m p s h i r e , s s ., Nov. 15, 1889.

Personally appeared M. W . Bond, Treasurer of the Florence Savings Bank, and
made oath that the foregoing statement, by her subscribed, is a true and correct state­
ment of all the resources and liabilities of said institution, and that the answers made by
her to the foregoing interrogatories contain the whole truth in reference to the matters
to which they relate, according to her best knowledge and belief.
Before me,

S. B. F u l l e r , Justice o f the Peace.
H a m p s h i r e , s s ., N o v . 15, 1889.

Personally appeared A. T. Lilly, President, and Sam’l Porter, H. F. Cutler, W . L.
Wilcox, Geo. S. Graves and Geo. H. Pay, trustees of said corporation, and sever­
ally made oath that the annexed report is correct, according to their best knowledge and
belief.
Before me,
S. B. F u l l e r , Justice o f the Peace.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

200

B A N K CO M M ISSIO N ERS’ R E P O R T .

[Jan

F O XB O R O U G H S A V IN G S B A N K — FO XB O R O U G H .

Incorporated 1855.

Present number of corporators, 36.

C h a r l e s W . H o d g e s , President.

E l i P h e l p s , Treasurer.

E d w a r d M . P h e l p s , Clerk o f the Corporation.

Names of committee charged with the investment of its funds :
Ch a r l e s W . H odges,

A l l e n H. M e s s i n g e r ,

W m , H. Y o u n g ,

I s a a c P. C a r p e n t e r .

Open for business every business da y, 9

B a l a n c e Sh e e t , O cto b er

A ssets.

Public funds as per schedule, .
Loan on public funds,
Bank stock as per schedule,
Railroad bonds as per schedule,
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
(notes)........................................
Deposits in banks, on interest, .
Cash on hand, .
.
.
.

a .m

. to 5 p . m .

31, 1889.

L ia b il it ie s .

$27,500 00
200 00

42,450
30,400
900
61,430
3,680

00
00
00
00
00

Deposits, .
Guaranty fund,
Earnings undivided,.

$164,615 18
5,000 00
2,036 75

2,000 00

2,065 47
1,026 46
$171,651 93

$171,651 93

Cash on Deposit in Banks, amount in each : —
Merchandise National Bank, Boston.....................................................................$1,129 24
Boston Safe Deposit and Trust Company, B o s t o n , ....................................
936 23

Loan on Public Funds : —
On $200 United States 4 s , ................................................................................. $200 00


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

«

1890.]

201

P U B L IC D O CU M EN T — No. 8.

Detailed Statement o f Public Funds.

Par Value.

City of Dover, N. H., 6 s,.
of East Saginaw, Mich., 5s,
of Fall River, Mass., 6s, .
of Keene, N. H., 4s,.
of Keene, N. H., 5 s,.
of Lynn, Mass., 5s, .
of South Norwalk, Conn., 6s, .
Town of Winthrop, Mass., 5s,

$1,000
5,000
2,000
2,000
2,500
9,000
5,000
1,000
$27,500

Estimated
Market Value.

$1,060
5,675
2,350
2,090
2,762
10,530
5,675
1,160

00
00
00
00
50
00
00
00

$31,302 50

Amount Invested.

$1,000
5,000
2,000
2,000
2,500
9,000
5,000
1,000

00
00
00
00
00
00
00
00

$27,500 00

No. of

Shares.

Detailed Statement o f Bank Stocks.

Par Value.

Estimated
Market Value.

Amount Invested.

w

35
22
6
20
8
29
30
38
10
43
40
15
14
25
10
40
36
5

Blackstone N’l Bank, Boston,
Boylsion Nat’l Bank, Boston,
Continental N’l Bank, Boston,
Everett Nat’l Bank, Boston, .
Faneuil Hall N’l B’k, Boston,
Market Nat’l Bank, Boston, .
Merchandise N’l Bank, Boston,
Metropolitan N’l B’k, Boston,
National City Bank, Boston, .
National Eagle Bank, Boston,
N’l Hide & Leather B’k, Boston,
Nat’l Webster Bank, Boston,.
Old Boston N’l Bank, Boston,
Shoe & Leather N’l B’k, Boston,
Suffolk Nat’l Bank, Boston, .
Third National Bank, Boston,
Dedham Nat’l Bank, Dedham,
N’l B’k of Wrentham, Wrent h a m ,...................................


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$3,500
2,200
600
2,«)00
800
2,900
3,000
3,800
1,000
4,300
4,000
1,500
1,400
2,500
1,000
4,000
3,600

$3,867
3,036
735
2,020
1,128
2,842
2,100
3,952
950
4,429
4,800
1,500
1,666
2,346
1,152
4,120
4,104

50
00
00
00
00
00
00
00
00
00
00
00
00
25
50
00
00

$3,500
2,200
600
2,000
800
2,900
3,000
3,800
1,000
4,300
4,000
1,500
1,400
2,500
1,000
4,000
3,600

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

350

400 00

350 00

$42,450

$45,148 25

$42,450 00

202

BANK

C O M M ISSIO N E R S’ R E P O R T .

[Jan.

Detailed Statement o f Railroad Bonds.

Par Value.

Androscoggin & Kennebec R.R. 6s,
Boston & Providence R.R. 7 s ,.
Boston, Clinton, Fitchburg & New
Bedford R.R. 5s, .
Fitchburg R.R. 5s, .
Fitchburg R.R. 4s, .
Old Colony R.R. 6s,
Salem & Lowell R.R. 6s,
Vermont & Massachusetts R.R. 5s,.

$6,700
5,000
2,000
5,000
2,000
4,000
700
5,000
$30,400

Estimated
Market Value.

Amount Invested.

$6,767 00
5,525 00
2,350
5,40C
2,000
4,530
815
5,550

$6,700 00
5,000 00

00
00
00
00
50
00

$32,937 50

2,000
5,000
2,000
4.000
700
5,000

00
00
00
00
00
00

$30,400 00

Total Amount o f Loans with Each Specified Rate o f Interest, including
Deposits in Banks on Interest.
Amount.

$2,065 47
2,000 00

Rate.

2 per cent.

4

“

Amount.

$61,320 00

Rate.

6 per cent.

Amount.

$3,990 00

Rate.

7 per cent.

Value, by books, of real estate, held by foreclosure or otherwise,
Assessed value of the s a m e ,.................................................................................
Net income received from same during year ending Oct. 31, 1889,
Number of loans which are of an amount not exceeding $3,000 each,
94
Aggregate amount of the s a m e , ........................................................................
Total number of loans upon real e s t a t e , ............................................. 87
Amount of investments from which no income is received, .
.
.
.
Gross amount of interest or profits received or earned, as per books, during
year ending Oct. 31, 1 8 8 9 ,.................................................................................
Rate and amount of each semi-annual dividend during the 1 2 per cent., l
year ending Oct. 31, 1889.......................................................... j 2 per cent., j
Times for the dividends fixed by the by-laws : Wednesday after the first
Monday in June and December.
Number of accounts opened during the year ending Oct. 31, 1889,
. 163
Number of accounts closed during the year ending Oct. 31, 1889,
. 110
Total number of open accounts Oct. 31, 1889.............................................. 776
Expenses of the corporation for the year ending Oct. 31, 1889 (exclusive of
t a x e s ),....................................................................................................................
Amount of deposits, not including dividends, received during the year end­
ing Oct. 31, 1889.....................................................................................................
Number of s a m e , ..................................................................................... 755
Amount of withdrawals, including dividends, during the year ending Oct.
31, 1889.....................................................................................................................
Number of s a m e , ..................................................................................... 557
Date of examination by commissioner: January 29.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

*

$900 00
1,250 00
7 75
59,810 00
3,000 00
8,682 57
2,750 70
2,963 71

483 39
50,883 35

39,597 61

203

P U B L IC D O C U M E N T — No. 8.

1890.]

Classification o f Deposits received during the Year ending Oct. 3 1 ,1 8 8 9 .
Num­
ber.
O f $50 and less,
Exceeding $50, and
more than $100, .
Exceeding $100, and
more than $200, .
Exceeding $200, and
more than $500, .
Exceeding $500, and
than $1,000, .
Of $1,000 or more, .

Num­

Amount.

ber.

538

$11,439 58

122

10,192 85

43

6,293 26

44

16,582 66

. 7
1

5,375 00
1,000 00

755

$50,883 35

To the credit—
Of women, both adult
and minor,
O f religious and chari­
table associations, .
In trust, .
.
.
.

not
not
not

Amount.

274

$19,840 38

17
42

763 58
2,781 44

less

Com m onw ealth

of

M assach usetts.
N orfolk,

ss .,

N ov . 6, 1889.

Personally appeared Eli Phelps, Treasurer of the Foxborough Savings Bank, and
made oath that the foregoing statement, by him subscribed, is a true and correct state­
ment of all the resources and liabilities of said institution, and that the answers made
by him to the foregoing interrogatories contain the whole truth in reference to the
matters to which they relate, according to his best knowledge and belief.
Before me,
N orfolk ,

F r e d . H. W

il l ia m s ,

Justice o f the Peace.

F oxborough , N ov . 7, 1889.

ss .

Personally appeared Charles W . Hodges, President, and W m . B. Crocker, Ezra
Pickens, C. Calvin Sumner, A. H. Messinger and W . H. Torrey, trustees of said corpo­
ration, and severally made oath that the annexed report is correct, according to their
best knowledge and belief.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Before me,

E d w a r d M. P h e l p s , Justice o f the Peace.

204

[Jan

B A N K CO M M ISSIO N ERS’ R E P O R T .

F R AM IN 'G H AM S A V IN G S B A N K — SOUTH F R A M IN G H A M .

Incorporated 1846.

Present number of corporators, 46.

F r a n k l in E . G r e g o r y , President.
L u t h e r F . F u l l e r , Treasurer.
L u t h e r F. F u l l e r , Clerk o f the Corporation.

Names of committee charged with the investment of its funds :
F r a n k l in E . G r e g o r y ,
J. H e n r y R o b in s o n ,
S a m ’l B . B i r d ,
A d r ia n F o o t e ,
F r a n k l in M a n so n ,
F r a n c is C. S t e a r n s ,
E dw ard F. K en d a ll.

Open

fo r

business every business day, except Saturday,
9

a

B a l a n c e Sh e e t , O c to b er

A ssets.

Public funds as per schedule, .
Bank stock as per schedule,
Loan on bank stock, .
Railroad bonds as per schedule,
Premium account,
Trustees of C. C. Esty estate, .
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
(notes).........................................
Loans on depositors’ books,
Interest on loans to depositors, .
Deposit in bank, on interest,
Furniture,....................................
Commonwealth Ave. Land Co.,
Accrued interest,
Cash on band, .
.
.
.

9

a .m

.

to

3

p .m

.

; Saturday,

. m . to 12 M .

31,1889.

L ia b il it ie s .

$174,500
158,700
600
76,000
69,585
14.000
33,950
516,248
396,936

00
00

17.000
304,954
34,848
49,597
1,285
3,846
9,911

00
25
34
45
00
00
10

00
00

Deposits, .
Profit and loss ac­
count, .

$1,860,725 51
1,247 49

75
00
00
68

32

10 11

$1,861,973 00

$1,861,973 00

Cash on Deposit in Bank *—
Framingham National Bank, South F r a m i n g h a m ,....................................$49,597 45
Loan on Bank Stock : —
On 6 shares Waltham National Bank, Waltham............................................. $600 00


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

1890.]

205

P U B L IC D O CU M EN T — No. 8

Detailed Statement o f Public Funds.

Par Value.

City of Providence, R. I., 5s, .
of Providence, R. I., 4 is ,.
Town of Spencer, Mass., 4s, .
City of Norwalk, Conn., 4s, .
of Portsmouth, N. IL, 4s,
Town of Marlborough, Mass., 4s, .
City of Lewiston, Me., 5s,
of Keene, N. I I , 4 s,.
of Lowell, Mass., 4s,
of Boston, Mass , 4s,
United States 4s,

$25,000
5,000
20,000
30,000
2,000
20,000
9,000
23,000
20,000
20,000
500
$174,500

*A

Estimated
Market Value.

$27,700
5,425
21,500
32,250
2,040
21,400
10,170
24,265
21,200
20,900
632

00
00
00
00
00
00
00
00
00
00
00

$187,482 00

Amount Invested.

$25,000
5,000
20,000
30,000
2,000
20,000
9,000
23,000
20,000
20,000
500

00
00
00
00
00*
00
00
00
00
00
00

$174,500 00

legal investment when made.

No. of

Shares.

Detailed Statement o f Bank Stocks.

6
19
33
119
100
155
30
165
15
136
180
85
30
10
90
50
30
65
92
98
100

Par Value.

Atlas Nat’l Bank, Boston,
Blackstone N’l Bank, Boston,
Boston Nat’l Bank, Boston, .
N’l B’k of Commerce, Boston,
Continental N’l B’k, Boston, .
Eliot National Bank, Boston,.
Freeman’s N’l Bank, Boston,
First Nat’l Bank, Boston,
Globe National Bank, Boston,
Howard Nat’l Bank, Boston, .
N’ l Hide & Leather B’k, Boston,
Mt. Vernon N’l Bank, Boston,
Market Nat’l Bank, Boston, .
N’l B’k of No. America, Boston,
N’l B’k of the Republic, Boston,
Shoe &Leather N’l B’k,Boston,
Second Nat’l Bank, Boston, .
Nat’l Webster Bank, Boston, .
M erchants ’ N ation al Bank,
Portland, M e , .
.
.
Framingham National Bank,
South Framingham, .
South Framingham National
Bank, South Framingham,*
Central Nat’l Bank, Boston, .


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$600
1,900
3,300
11,900
10,000
15,500
3,000
16,500
1,500
13,600
18,000
8,500
3,000
1,000
9,000
5,000
3,000
6,500

Estimated
Market Value.

$708
2,090
4,026
15,232
12,200
20,150
3,105
40,012
1,470
14,960
21,600
11,730
2,940
1,220
14,850
4,700
5,250
6,500

00
00
00
00
00
00
00
50
00
00
00
00
00
00
00
00
00
00

Amount Invested.

$600
1,900
3,300
11,900
10,000
15,500
3,000
16,500
1,500
13,600
18,000
8,500
3,000
1,000
9,000
5,000
3,000
6,500

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

6,900

10,856 00

6,900 00

9,800

15,190 00

9,800 00

200
10,000

200 00
13,500 00

200 00
10,000 00

$158,700 $222,489 50 $158,700 00
* This

hank is in process of liquidation.

206

B A N K CO M M ISSIO N E R S’ R E P O R T .

[Jan.

Detailed Statement o f Railroad Bonds.
Estimated
Market Value.

Par Value.

Newport & Riehford R.R. 5s, .
Fitchburg R.R. 5s, .
Fitchburg R.R. 4s, .
.
.
.
Salem & Lowell R.R. 6 s,.
Boston & Lowell R.R. 5s,
Boston & Lowell R.R. 7s,
t

$20,000
20,000
25,000
5,000
3,000
3,000

$21,000
21,000
24,000
5,800
3,300
*■8,465

■$76,000

$78,565 00

Amount Invested.

00
00
00
00
00
00

$20,000
20,000
25,000
5,000
3,000
3,000

00
00
00
00
00
00

$76,000 00

Total Amount o f Loans with Each Specified Rate o f Interest, including
Deposits in Banks on Interest.

Rate.

Amount.

$49,597 45
17,000 00
55,000 00

Rate.

Amount.

Rate.

4| per cent.

$357,352 25
520,636 68

5 per cent.

Amount.

2£ per cent.
3à
“
4
“

$70,000 00
100,000 00

115,748 32

4|

Value, by books, of real estate, held by foreclosure or otherwise,
Assessed value of the s a m e ,.................................................................................
Net income received from same during year ending Oct. 31, 1889,
Number of loans which are of an amount not exceeding $3,000 each, . 310
Aggregate amount of the s a m e , ........................................................................
Total number of loans upon real estate,.
.
.
.
.
.
321
Amount of investments from which no income is received, .
.
.
.
Gross amount of interest or profits received or earned, as per books, during
year ending Oct. 31, 1 8 8 9 , .............................................................. #.
.
Times for the dividends fixed by the by-laws : May and November.
Expenses of the corporation for the year ending Oct. 31, 1889 (exclusive of
taxes)........................................................................................................................
Date of examination by commissioner : October 2.

Co m m o n w e a lth

of

6

“

$33,950 00
35,000 00
346 00
315,514 00
9,846 00
84,221 85

3,177 96

M assa ch u setts.
M id d l e s e x ,

ss .,

N ov . 27, 1889.

Personally appeared Luther F. Fuller, Treasurer of the Framingham Savings Bank, and
made oath that the foregoing statement, by him subscribed, is a true and correct state­
ment of all the resources and liabilities of said institution, and that the answers made by
him to the foregoing interrogatories contain the whole truth in reference to the matters
t > which they relate, according to his best knowledge and belief.


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Federal Reserve Bank of St. Louis

Before me,

J o s e p h S. A d a m s , Justice o f the Peace.

1890.]

207

P U B L IC D O CU M EN T — No. 8.

M id d l e s e x ,

ss .,

N o v . 27, 1889.

Personally appeared Franklin E. Gregory, President, Sam’l B. Bird, J. Henry Rob­
inson, Franklin Manson, Adrian Foote, Francis C. Stearns, John S. Cullen, Geo. C.
Travis, Edward F. Kendall, Walter Adams, Clifford Folger, S. H. Williams, and L. F.
Fuller, trustees of said corporation, and severally made oath that the annexed report
is correct, according to their best knowledge and belief.
Before me,
J o se p h S. A d a m s , Justice o f the Peace.


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Federal Reserve Bank of St. Louis

208

B A N K C O M M ISSIO N ERS’ R E P O R T .

[Jan

F R A N K L IN S A V IN G S B A N K — BOSTON.

Incorporated 1861.

Present number of corporators, 79.

F r e d e r ic W . L in c o l n , President.
E b e n e z e r A l e x a n d e r , Treasurer.
G e o . A . F i s h e r , Clerk o f the Corporation.

Names of committee charged with the investment of its funds:
A u g u stu s P a r k e r ,
A braham A ve ry,
T h o s . J. W h id d e n ,
D . R . E m erson,
J a c ob A . D r e s s e r .

Open for business every business day, 9 a . m . to 2 p . m . ; also on Saturday, 3 to 5 p .m .

Balance Sheet, October 31, 1889.

A ssets.

Public funds as per schedule, .
Loan on public funds,
Bank stock as per schedule,
Loans on bank stock,
Railroad bonds as per schedule,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
( n o t e s ) ,....................................
Deposit in banks, on interest, .
Expense account,
Cash on hand, .
.
.
.

L ia b il it ie s .

$408,000
3,500
375,574
19,150
197.000
3,504,285
1,223,305

00
00
12
00
00
07
00

Deposits, .
Guaranty fund,
Interest account,
Profit and loss ac­
count, .

$5,824,205 18
164.000 00
58,134 87
14,409 05

100.000 00

218,306 22
4,495 53
7,133 16
$6,060,749 10

$6,060,749 10

Cash on Deposit in Banks, amount in each: —
Boylston National Bank, Boston,
National Revere Bank, Boston, .
.
Continental National Bank, Boston,
North National Bank, Boston,
.
.

.

.

.

.

$70,327
31,249
66,729
50,000

17
14
91
00

Loan on Public Funds : —
On $3,000 United States 4^s,
.
On $500 United States 4s....................................................

j

$3,500 00

Loans on Bank Stock, amount on each : —
On 200 shares Broadway National Bank, Boston,
On 20 shares Continental National Bank, Boston,
On 20 shares First National Bank, South Weymouth,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$16,000 00
1,950 00
1,200 OO

1890.]

209

P U B L IC DO CU M EN T — No. 8
Detailed Statement o f Public Funds.

Par Value.

District of Columbia 7s,
District of Columbia 6s,
City of Somerville, Mass , 5s,
of Springfield, Mass., 7s,
of Boston, Mass., 5s,
of Boston, Mass., 6s,
of Providence, R I., 5s, .
of Cambridge, Mass., 6s,
of Fall River, Mass., 6s, .
of Newton,"Mass., 4s,
of Columbus, Ohio, 4s, .
of Cleveland, Ohio, 4s, .
Town of Brookline, Mass , 4s,
of Spencer, Mass., 4s, .

Estimated
Market Value.

Amount Invested.

$10,500 I
$134,475 00
98,500 $
50,000
54,000 00
10,000
13,800 00
3,000
3,585 00
2,000
2,550 00
6,000
6,850 00
1,000
1,295 00
4,000
5,000 00
43,000
46,400 00
40,000
40,400 00
20,400 00
20,000
40,125 00
40,000
80,000
85,600 00

$ $10,500 00
\ 98,500 00
50.000 00
10,000 00
3,000 00
2,000 00
6,000 00
1,000 00
4,000 00
43,000 00
40,000 00
20,000 00
40,000 00
80,000 00

$454,480 00

$408,000 00

$408,000

No. of
Shares.

Detailed Statement o f Bank Stocks.

200
41
200
23
235
200
60
205
201
22
81
156
106
135
200
48
200
172
200
200
55
200
130
129
20
209
50
84

Par Value.

Atlas National Bank, Boston,
Atlantic Nat’l Bank, Boston, .
Blackstone N’l Bank, Boston,
Boylston Nat’l Bank, Boston,
Continental N’l Bank, Boston,
National City Bank, Boston, .
N’l B’k of Commerce, Boston,
Columbian N’l Bank, Boston,
N’l Exchange Bank, Boston, .
Eliot National Bank, Boston,.
Everett Nat’l Bank, Boston, .
Freeman’s Nat’l Bank, Boston,
Fourth Nat’l Bank, Boston, .
First Ward N’l Bank, Boston,
Globe National Bank, Boston,
Merchandise N’l B’k, Boston,
N’l B’k of No. America, Boston,
North National Bank, Boston,
Old Boston N’l Bank, Boston,
Nat’l Revere Bank, Boston, .
Second Nat’l Bank, Boston, .
Shoe & Leather N’l B’k, Boston,
State National Bank, Boston,
Suffolk Nat’l Bank, Boston, .
National Union Bank, Boston,
Nat’l Webster Bank, Boston,
Third Nat’l Bank, Springfield,
Naumkeag Nat’l Bank, Salem,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$20,000
4,100
20,000
2,300
23,500
20,000
6,000
20,500
20,100
2,200
8,100
15,600
10,600
13,500
20,000
4,800
20,000
17,200
20,000
20,000
5,500
20,000
13,000
12,900
2,000
20,900
5,000
8,400
$376,200

Estimated,
Market Value.

$23,650
5,842
22,500
3,059
28,787
19,000
7,680
24,907
25,627
2,893
8,343
16,185
12,481
17,853
19,700
3,336
24,450
23,908
23,800
24,800
9,625
18,850
15,730
14,867
2,860
20,900
8,750
11,760

00
50
00
00
50
00
00
50
50
00
00
00
50
75
00
00
00
00
00
00
00
00
00
25
00
00
00
00

Amount Invested.

$20,000
4,100
20,000
2,300
23,500
20,000
6,000
20,500
20,100
2,200
7,873
15,600
10,600
13,500
19,619
4,781
20,000
17,200
20,000
20,000
5,500
20,000
13,000
12,900
2,000
20,900
5,000
8,400

00
00
00
00
00
00
00
00
00
00
62
00
00
00
50
00
00
00
00
00
00
00
00
00
00
00
00
00

$442,146 50 $375,574 12

210

[Jan

B A N K CO M M ISSIO N ERS’ R E P O R T .

Detailed Statement o f Railroad Bonds.

Par Value.

Fitchburg R.R. 5s, .
Boston & Maine R.R. 7s, .
Old Colony R.R. 6 s,.
N. Y. & N. E. R.R. (terminal) 4s, .

Estimated
Market Value.

Amount Invested.

00 $114,000 00
30.000 00
00
3,000 00
00
00
50.000 00

$114,000
30.000
3,000
50.000

$119,700
33,600
3,465
55,000

$197,000

$211,765 00 $197,000 00

Total Amount o f Loans with Each Specified Rate o f Interest, including
Deposits in Banks on Interest.

Rate.

Amount.

$218,306
251.000
160.000
135,000

22
00
00
00

2 per cent.
4
“
44
“
4§
“

Amount.

$1,059,700
192,800
2,513,993
352,490

00
00
87
00

Rate.

Amount.

Rate.

44 per cent.
4|
5
“
54
“

$170,206 20
10,550 00
4,500 00

6 per cent.
64
“
7

Number of loans which are of an amount not exceeding $3,000 each, . 307
Aggregate amount of the s a m e , ....................................................................... $580,938
Total number of loans upon real e s t a t e , ............................................ 586
4,781
Amount of investments from which no income is received, .
.
.
.
Gross amount of interest or profits received or earned, as per books, during
287,115
year ending Oct. 31, 1 8 8 9 ,.................................................................................
Rate and amount of each semi-annual dividend during the ) 2 per cent., $ 103.530
107.531
year ending Oct. 31, 1 8 8 9 ,......................................................) 2 per cent., c
Times for the dividends fixed by the by-laws: February 1 and August 1.
Number of accounts opened during the year ending Oct. 31, 1889,
2,416
Number of accounts closed during the year ending Oct. 31, 1889,
1,616
Total number of open accounts Oct. 31, 1889....................................
12,741
Expenses of the corporation for the year ending Oct. 31, 1889 (exclusive of
18,628
ta x e s ),....................................................................................................................
Amount of deposits, not including dividends, received during the year end­
ing Oct. 31, 1889,.................................................................................................. 1,261,091
Number of s a m e , .................................................................................12,292
Amount of withdrawals, including dividends, during the year ending Oct.
31, 1889..................................................................................................................... 1,090,781
Number of s a m e , .................................................................................9,135
Date of examination by commissioner: September 3.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

28

00
88
22
75

11
43

31

1890.]

211

P U B L IC DO CU M EN T — No. 8.

Classification of Deposits received during the Year ending Oct. 3 1 ,1 8 8 9 .

O f $50 and less,
Exceeding $50, and not
more than $100, .
Exceeding $100, and not
more than $200, .
Exceeding $200, and not
more than $500, .
Exceeding $500, and less
than $1,000, .
O f $1,000 or more, .

Num­
ber.

Amount.

7,548

$167,897 30

2,104

176,548 09

1,137

181,433 31

1,130

431,420 00

221
152

150,586 14
153,206 59

Num­
ber.

To the credit —
O f women, both adult
and minor,
O f guardians,
O f religious and chari­
table associations, .
In trust, .
.
.
.

Amount,

4,114
54

$487,457 29
18,355 23

58
1,150

12,054 47
125,901 96

12,292 $1,261,091 43

Co m m on w ealth

of

M assach u setts.

S u f f o l k , ss ., N o v . 7, 1889.
«, Personally appeared Ebenezer Alexander, Treasurer of the Franklin Savings Bank of
the city of Boston, and made oath that the foregoing statement, by him subscribed, is
a true and correct statement of all the resources and liabilities of said institution, and
that the answers made by him to the foregoing interrogatories contain the whole truth in
reference to the matters to which they relate, according to his best knowledge and belief.

Before me,

W

m.

E. H o o p e r , Justice o f the Peace.

S uffolk,

ss .,

N o v . 9, 1889.

Personally appeared Frederic W . Lincoln, President, and on November 7, Augustus
Parker and James P. Tolman; on November 8, Jacob A . Dresser; on November 11,
James Longley and W m. H. Baldwin, trustees of said corporation, and severally made
oath that the annexed report is correct, according to their best knowledge and belief.


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Federal Reserve Bank of St. Louis

Before me,

W

m.

E. H o o p e r , Justice o f the Peace.

212

B A N K CO M M ISSIO N ERS’ R E P O R T .

[Jan

F R A N K L IN S A V IN G S IN S T IT U T IO N — G R E E N F IE L D .
Incorporated April 2, 1834.

Present number of corporators, 21.

Sam ’ l 0 . L amb, President.
W m, H. A llen , Treasurer.
F ranklin R. A llen , Clerk o f the Corporation.
Names of committee charged with the investment of its funds:

Sam ’ l 0. L amb ,
Joseph: Griswold ,
Joseph W. Stevens,
H enry F. N ash ,
L ecius N ims .
Open for business every business day, 9

a .m .

B a l a n c e Sh e e t , O cto b er

to 12.30 p . m ., 2 to 4

31, 1889.

A ssets.

Public funds as per schedule, .
Bank stock as per schedule,
Loans on bank stock,
Railroad bonds as per schedule,
Loan on railroad stock,
Railroad notes, .
.
.
.
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
(notes)........................................
Loans on depositors’ books,
Deposits in banks, on interest, .
Expense account,
Unpaid interest.............................
Cash on hand................................

p .m .

L ia b il it ie s .

$1,087,832
68,600
30,689
362,500
500
25,000
3,150
668,441
677,281

63
00
00
00
00
45
22

00

151,000
3,078
193,852
2,410
1,507
1,418

00
00
28
37
33
77

00

Deposits, .
Guaranty fund,
Interest account,
Profit and loss ac­
count, .

$3,277,261 05

$3,107,347 28
132,750 00
■ 28,685 58
8,478 19

$3,277,261 05

Cash on Deposit in Banks, amount in each : —
National Hide and Leather Bank, Boston,
.
.
.
.
First National Bank, G ree n field ,.............................................
City National Bank, Holyoke.....................................................
Holyoke National Bank, Holyoke,
.
.
.
.
.
Home National Bank, Holyoke...................................................
Chapin National Bank, S p r i n g f i e l d ,...................................
City National Bank, S prin gfield,.............................................
First National Bank, N o r t h a m p t o n ,....................................

$3,630
68,131
20,517
25,000
10,972
5,599
25,000
35,000

30
71
54
00

76
97
00
00

Loans on Bank Stock, amount on each : —
On 98 shares Hampshire County National Bank, Northampton,
On 26 shares First National Bank, Northampton, .
On 37 shares First National Bank, Northampton, .
On 10 shares City National Bank, Worcester,
On 3 shares First National Bank, Greenfield,
On 20 shares Crocker National Bank, Turner’s Falls, .


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$12,400 00
2,889 63
1,000 00
300 00
1,100 00

1890.]

P U B L IC

DO CU M EN T — No. 8.

On 5 shares Shelburne Falls National Bank, Shelburne Falls,
On 17 shares First National Bank, Greenfield,
On 25 shares First National Bank, Northampton,
On 50 shares City National Bank, Gloucester,
On 5 shares First National Bank, Greenfield,
On 29 shares North National Bank, Boston, .
.
.
.

213
$400 00
1,700
2,500
5,000
500
2,900

00

00
00
00
00

Loan on Railroad Stock: —
$500 00

On 5 shares Connecticut River R . R . , ....................................

Detailed Statement o f Public Funds.

Par Value,

City of Boston, Mass., 6s,
of Boston, Mass., os,
of Brockton, Mass., 5s, .
of Cambridge, Mass., 6s,
of Dayton, Ohio, 6s,
of Detroit, Mich., 4s,
of Fitchburg, Mass., 6s, .
of Fall River, Mass., 5s, .
of Fall River, Mass., 6s, .
of Fall River, Mass , 4s, .
of Grand Rapids, Mich., 5s, .
of Holyoke, Mass., 6s,
of Lawrence, Mass., 6s, .
of Lynn, Mass., 6s, .
of Lynn, Mass., 4s, .
of Lowell, Mass., 6s,
of Malden, Mass., 6s,
of Nashua, N. H., 6s,
of Peoria, 111., 4is, .
of Providence, R. I., 6s, .
of Providence, R. I., 5s, .
of Springfield, Mass., 7s,
of Springfield, Mass., 6s,
of East Saginaw, Mich., 5s, .
of East Saginaw, Mich., 4s, .
of Springfield, Ohio, 6s, .
of Springfield, Ohio, 5s, .
of Taunton, Mass., 6s,
of Worcester, Mass , 5s, .
Town of Adams, Mass , 6s,
of Amherst, Mass., 7s, .
of Brattleborough, Y t , 4s, .
of Brookline, Mass , 7s,
of Chicopee Falls, Mass., 4s,
of Chicopee Falls, Mass., 4^s,
of Chatham, Mass., 4^s,
of Everett, Mass., 6s, .
of Greenfield, Mass., 4s,
of Greenfield, Mass., 4Js,
of Gill, Mass , 5s, .
of Marblehead, Mass., 4s,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$43,000
29,000
28,000
19,000
17,000
25,000
13,000
4,000
21,000
50,000
50,000
46,000
30,'000
10,000
10,000
25,000
60,000
75,000
25,000
100,000
25,000
30,000
4,000
25,000
25,000
25,832
25,000
1,000
18,000
25,000
20,000
14,000
42,000
6,000
2,000
5,000
25,000
35,000
25,000
5,000
25,000

Estimated
Market Value.

$50,482 50
35,597 50
34,755 00
23,640 00
18,025 00
27,300 00
13,585 00
4,500 00
25,860 00
53.375 00
59,500 00
56,680 00
38,150 00
11,500 00
11,000 00
25,688 00
66,150 00
93,375 00
27,937 00
124,750 00
30.500 00
40,275 00
5,340 00
28,188 00
25,725 00
28,206 00
29,675 00
1,150 00
21,800 00
27,250 00
21,412 50
14,232 00
53,025 00
6,060 00
2,115 00
5,630 00
26,750 00
35,525 00
25,000 00
5,000 00
26,500 00

Amount Invested.

$43,000 00
29,000 00
28,000 00
19,000 00
17,000 00
25,000 00
13,000 00
4,000 00
21,000 00
50,000 00
50,000 00
46,000 00
30,000 00
10,000 00
10,000 00
25,000 00
60,000 00
75,000 00
25,000 00
100,000 00
25,000 00
30,000 00
4,000 00
25,000 00
25,000 00
25,832 00
25,000 00
1,000 00
18,000 00
25,000 00
20,000 00
14,000 00
42,000 00
6,000 00
2,000 00
5,000 00
25,000 00
35,000 00
25,000 00
5,000 00
25,000 00

$1,087,832 $1,261,208 5C $1,087,832 00

214

B A N K CO M M ISSIO N ERS’ R E P O R T .

[Jan.

No. of

Shares.

Detailed Statement o f Bank Stocks.

10
153
5
87
125
102
100
25
49
30

Par Value.

Adams N’l B’k, North Adams,
N’l B’k of Commerce, Boston,
Faneuil Hall N’l B’k, Boston,
N’l B’k of No. America, Boston,
Nat’l Bevere Bank, Boston, .
Nat’l Webster Bank, Boston,
First Nat’l Bank, Greenfield,
Franklin County Nat’l Bank,
Greenfield, .
.
.
.
First N’l Bank, Northampton,
Pittsfield N’l Bank, Pittsfield,

Estimated
Market Value.

$1,000
15,300
500
8,700
12,500
10,200
10,000

$1,350
19,584
v 720
10,635
15,500
10,200
19,000

00
00
00
00
00
00
00

Amount Invested.

$1,000
15,300
500
8,700
12,500
10,200
10,000

00
00
00
00
00
00
00

2,500
4,900
3,000

2,500 00
6,125 00
4,860 00

2,500 00
4,900 00
3,000 00

$68,600

$90,474 00

$68,600 00

Detailed Statement o f Railroad Bonds.

Par Value.

Boston & Lowell R R. 6s,
Boston & Albany R.R. 7s,
Boston & Albany R.R. 6s,
Eastern R.R. 6s,
. . .
Fitchburg R.R. 4s, .
N. Y. & N. E. R.R. (terminal) 4s,
Vermont & Massachusetts R R . 5s,
Vermont Valley R.R. 5s,

$25,000
26,000
4,000
57,500
100,000
50.000
50.000
50.000

Estimated
Market Value.

$28,500
28,080
4,500
72,450
97.000
55,875
56,500
55.000

00
00
00
00
00
00
00
00

$362,500 $397,905 00
*A

Amount Invested.

$25,000
26,000
4,000
57,500
100,000
50.000
50.000
50.000

00
00
00
00*
00
00
00
00

$362,500 00

legal investment when made.

Total Amount o f Loans with Each Specified Rate o f Interest, including
Deposits in Banks on Interest.

Amount.

Rate.

$916 22
3,630 30
68,131 71

0 per cent.
2
2*
“


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Amount.

$408,390 27
204,000 00
75,000 00

Rate.

4 per cent.
4|
“
4f
“

Amount.

$170,200 00
818,624 08
950 00

Rate.

4J per cent.
5
6
»

215

P U B L IC D O CU M EN T — No. 8.

1890.]

$3,150 00
Value, by books, of real estate, held by foreclosure or otherwise,
4,247 00
Assessed value of the s a m e ,.................................................................................
Number of loans which are of an amount not exceeding $3,000 each, 522
459,461 90
Aggregate amount of the s a m e , ........................................................................
Total number of loans upon real e s t a t e , ............................................. 508
1,066 22
Amount of investments from which no income is received, .
.
.
.
Gross amount of interest or profits received or earned, as per books, during
159,091 35
year ending Oct. 31, 1 8 8 9 , ................................................................................
Rate and amount of each semi-annual dividend during the 1 2 per cent., f 60,652 67
60,751 88
year ending Oct. 31, 1889.......................................................... 1 2 per cent., 1
Times for the dividends fixed by the by-laws: January 1 and July 1.
Number of accounts opened during the year ending Oct. 31, 1889,
. 610
Number of accounts closed during the year ending Oct. 31, 1889,
. 624
Total number of open accounts Oct. 31, 1889,
.
.
.
.
7,067
Expenses of the corporation for the year ending Oct. 31, 1889 (exclusive of
5,508 22
taxes).......................................................................................................................
Amount of deposits, not including dividends, received during the year end­
278,180 69
ing Oct. 31, 1 8 8 9 ,.................................................................................................
Number of s a m e , ............................................................................... 3,269
Amount of withdrawals, including dividends, during the year ending Oct.
384,276 44
31, 1889.....................................................................................................................
Number of s a m e , ............................................................................... 3,569
Date of examination by commissioner: October 16.

Classification of Deposits received during the Year ending Oct. 3 1 ,1 8 8 9 .
•

Num­
ber.

O f $50 and less,
Exceeding $50, and
more than $100, .
Exceeding $100, and
more than $200, .
Exceeding $200, and
more than $500, .
Exceeding $500, and
than $1,000, .
O f $1,000 or more, .

Num­

Amount.

2,328

$43,204 24

403

33,856 84

208

33,049 23

231

82,493 77

50
49

35,076 61
50,500 00

3,269

$278,180 69

ber.
To the credit —
Of women, both adult
and minor,
O f guardians,
O f religious and chari­
table associations, .
In trust................................

not
not
not

Amount.

1,625
9

$127,452 26
875 00

90
72

8,010 62
14,753 80

less

Commonwealth
F ranklin , ss.

of

M assachusetts.
Greenfield , N ov. 9, 1889.

Personally appeared W m. H. Allen, Treasurer of the Franklin Savings Institution,
and made oath that the foregoing statement, by him subscribed, is a true and correct
statement of all the resources and liabilities of said institution, and that the answers
made by him to the foregoing interrogatories contain the whole truth in reference to the
matters to which they relate, according to his best knowledge and belief.
Before me,

F ranklin ,

Chester C. Conant, Justice o f the Peace.
Greenfield , N ov. 9, 1889.

ss.

Personally appeared Sam’l O. Lamb, President, and Adams C. Deane, Joseph W.
Stevens, Franklin R. Allen, Franklin G. Fessenden and Lucius Nims, trustees of said
corporation, and severally made oath that the annexed report is correct, according to
their best knowledge and belief.


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Federal Reserve Bank of St. Louis

Before me,

Chester C. Conant, Justice o f the Peace.

216

B A N K CO M M ISSIO N ERS’ R E P O R T .

[Jan

G A R D N ER S A V IN G S B A N K — G A R D N E R .

Incorporated 1868.

Present number of corporators, 55.

F ranklin E aton, President.
John D. E dgell , Treasurer.
V olney W. II owe, Clerk o f the Corporation.

Names of committee charged with the investment of its funds :

F ranklin E aton,
John E dgell ,
S. W. A. Stevens,
E zra Osgood,
R. L. B ent.

Open for business every business day, except Saturday, 9
Saturday, close at 2 p .m .

B a l a n c e Sh e e t , O c to b er

A ssets.

a .m .

to 12 m ., 1 to 4

p .m .

;

31, 1889.

L ia b il it ie s .

Public funds as per schedule, .
Bank stock as per schedule,
Loans on bank stock,
Railroad bonds as per schedule,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
(notes), ...................................
Deposits in banks, on interest, .
Deposits in banks, not on interest,
Expense account,
Cash on hand, .
.
.
.
•

$22,250 00
108,800 00
6,000 00

96.000 00
471,249 09
260,148 15
108,500
48,194
24.000
552
152

Deposits, .
Guaranty fund,
Interest account,
Profit and loss ac­
count, .

$1,070,774 88
44,160 33
14,112 97
16,798 21

00
08
00
96
11

$1,145,846 39

$1,145,846 39

Cash on Deposit in Banks, amount in each: —
Maverick National Bank, Boston,
.
.
.............................................$23,083 30
First National Bank, G a r d n e r ,........................................................................
34,000 00
Westminster National Bank, W estm inster,......................................................
15,000 00
Pacific National Bank, B o s t o n , ........................................................................
110 78
Loans on Bank Stock, amount on each : —
On
On
On
On

2 shares First National Bank, G ardner,.................................................................$200 00
10 shares First National Bank, G a r d n e r , .............................................
1,000 00
10 shares Westminster National Bank, Westminster, .
.
.
.
800 00
53 shares Westminster National Bank, Westminster, .
.
.
.
4,000 00


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Federal Reserve Bank of St. Louis

1890.]

217

PU B LIC D O CU M EN T — No. 8

Detailed Statement of Public Funds.

Par Value.

United
United
City of
of
of

States 4s,
States 4is, .
.
.
Cleveland, Ohio, 7s,
Cleveland, Ohio, 6s,
Cleveland, Ohio, 4s,

.

$1,100
1,150
5,000
5,000
10,000
$22,250

Estimated
Market Value.

$1,397
1,213
5,375
5,590
10,350

00
25
00
00
00

$23,925 25

Amount Invested.

$1,100
1,150
5,000
5,000
10,000

00
00
00
00
00

$22,250 00

Ko. of

Shares.

Detailed Statement o f Bank Stocks.

20

18
10
10

25
125
15
50
50
50
5
11

50
50
15
20

50
16
5
50
25
29
84
100
100

35
50
20

Par Value.

First N’l Bank, Ashburnham,
Miller’s River N’l B’k, Athol,
Metropolitan N’l B’k, Boston,
Central Nat’l Bank, Boston, .
Howard Nat’l Bank, Boston, .
Boston Nat’l Bank, Boston, .
Continental N’l Bank, Boston,
Merchandise N’l B’k, Boston,
State National Bank, Boston,.
N’l Hide & Leather B’k, Boston,
New England N’l B’k, Boston,
Nat’l Eagle Bank, Boston,
N’l B’k of the Republic, Boston,
N’l B’k of the Commonwealth,
Boston,
.
.
.
.
Mechanics’ N’l Bank, Boston,
Merchants’ N’l Bank, Boston,
Blackstone N’l Bank, Boston,
Nat’l Exchange Bank, Boston,
Everett Nat’l Bank, Boston, .
Eliot National Bank, Boston,.
Shoe & Leather N’l B’k, Boston,
Rollstone N’l B’k, Fitchburg,
First Nat’l Bank, Gardner,
Orange Nat’l Bank, Orange, .
Crocker N’l B’k,Turner’s Falls,
First Nat’l Bank, Winchendon,
Mechanics’ N’l B’k,Worcester,
Citizens’ N’l Bank, Worcester,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$ 2 ,0 0 0

1,800
1 ,0 0 0
1 ,0 0 0

2,500
12,500
1,500
5,000
5,000
5,000
500
1 ,1 0 0

5,000
5,000
1,500
2 ,0 0 0

5,000
1,600
500
5,000
2,500
2,900
8,400
1 0 ,0 0 0
1 0 ,0 0 0

3,500
5,000
2 ,0 0 0

Estimated
Market Value.

$ 2 ,1 0 0 0 0

3,150
1,040
1,352
2,750
15,250
1,837
3,431
6,050

00
00
50
00
00
50
25
00

6 ,0 0 0 0 0

811 25
1,133 00
8,350 00
8,487
1,950
2,845
5,637
2,040
515
6,575
2,356
4,350
9,660
13,000
13,000
5,075
5,750

50
00
00
50
00
00
00
25
00
00
00
00
00
00

2 ,2 0 0 0 0

Amount Invested.

$ 2 ,0 0 0

00

1,800

00

1 ,0 0 0
1 ,0 0 0

00
00

2,500
12,500
1,500
5,000
5,000
5,000
500

00

00
00
00
00
00
00

1 ,1 0 0

00

5,000

00

5,000
1,500

00

00

2 ,0 0 0 0 0

5,000
1,600
500
5,000
2,500
2,900
8,400
1 0 ,0 0 0
1 0 ,0 0 0

00
00

00
00
00
00
00
00
00

3,500 0 0
5,000 00
2 ,0 0 0

00

$108,800 $136,696 75 $108,800 00

218

B A N K CO M M ISSIO N ERS’ R E P O R T .

[Jan.

Detailed Statement o f Railroad Bonds.

Par Value.

Boston & Albany R R. 7s,
Boston & Maine R.R. 7 s,.
Boston.Revere Beach&Lynn R.R.6s,
Conn. & Passumpsic Rivers R.R. 7s,
Old Colony R.R. 4^s,
Fitchburg'R.R. 6s, .
Fitchburg R.R 4s, .
Fitcl burg R.R. 4±s, .
.
.
.
Boston & Lowell R.R. 4s,
Old Colony R.R. 6s,.

$13,000
5.000
5.000
10,000
5.000
5.000
18,000
25,000
5.000
5.000
$96,000

Estimated
Market Value.

$13,910
5,500
5,675
10,950
5,475
5,550
17,280
25,000
5,200
5,650

Amount Invested.

00
00
00
00
00
00
00
00
00
00

$100,190 00

$13,000
5.000
5.000
10,000
5.000
5.000
18,000
25,000
5.000
5.000

00
00
00
00
00
00
00
00
00
00

$96,000 00

Total Amount of Loans with Each Specified Bate o f Interest, including
Deposits in Banks on Interest.
Amount.
$110 78
23,083 30
10,000 00

Kate.

0

2£
3

per cent.
“

Amount.
$116,800 00
80,000 00
214,719 17

Rate.

4

4h
5

per cent.
“

Amount.
$20,346 00
429,032 07

Number of loans which are of an amount not exceeding $ 3,000 each, . 637
Aggregate amount of the s a m e , .......................................................................
Total number of loans upon real estate,..................................................... 651
Amount of investments from which no income is received, .
.
.
.
Gross amount of interest or profits received or earned, as per books, during
year ending Oct. 31, 1 8 8 9 , ...............................................................................
Rate and amount of each semi-annual dividend during the 1 2 per cent.,
year ending Oct. 31, 1 8 8 9 , ............................................ •) 2 per cent..
Times for the dividends fixed by the by-laws: Tuesday before first
Wednesday in January and July.
Number of accounts opened during the year ending Oct. 31, 1889,
. 557
Number of accounts closed during the year ending Oct. 31, 1889,
. 474
Total number of open accounts Oct. 31, 1889,
.
.
.
.
3,513
Expenses of the corporation for the year ending Oct. 31, 1889 (exclusive of
t a x e s ) ,............................................
Amount of deposits, not including dividends, received during the year ending Oct. 31, 1 8 8 9 ,...................................
Number of same...........................................
2,623
Amount of withdrawals, including dividends during the year ending Oct.
31, 1889,...................................
Number of same,
.
.
.
.
1,926
Date of examination by commissioner: September 6.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Kate.

5^ per cent.

6

$398,949 09
110 78

58,211 27
19,582 39
19,986 46

3,220 96
202,973 74

198,692 24

219

P U B L IC D O C U M E N T — No. 8.

1890.J

Classification o f Deposits received during the Year ending Oct. 3 1 ,1 8 8 9 .
»

.. .

Num­

Num­
ber.
O f $50 and less,
Exceeding $50, and
more than $100, .
Exceeding $100, and
more than $200, .
Exceeding $200, and
more than $500, .
Exceeding $500, and
than $1,000, .
O f $1,000 or more, .

Amount.

1,790

$37,457 98

401

33,270 41

221

33,821 70

156

53,572 81

37
18

26,475 87
18,374 97

2,623

$202,973 74

not
not
not

ber.
To the credit —
Of women, both adult
and minor,
Of guardians,
O f religious and char­
itable associations, .
In trust, .
.
.
.

Amount.

1,178
20

$80,106 56
3,393 53

37
33

4,463 14
8,491 27

less

Commonwealth

of

M assachusetts.
W orcester,

ss.,

Nov. 16, 1889.

Personally appeared John D. Edgell, Treasurer of the Gardner Savings Bank,
and made oath that the foregoing statement, by him subscribed, is a true and correct
statement of all the resources and liabilities of said institution, and that the answers
made by him to the foregoing interrogatories contain the whole truth in reference to the
matters to which they relate, according to his best knowledge and belief.
Before me,

T hatcher B. D unn, Justice o f the Peace.
W orcester,

ss.,

N ov. 18, 1889.

Personally appeared Franklin Eaton, President, and Seth Heywood, Henry Heywood,
Charles W . Conant, Roderic L. Bent, Alvin M. Greenwood, Charles F. Richardson and
Yolney W . Howe, trustees of said corporation, and severally made oath that the annexed
report is correct, according to their best knowledge and belief.


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Federal Reserve Bank of St. Louis

Before me,

John D. E dgell , Justice o f the Peace.

220

B A N K CO M M ISSIO N ERS’ R E P O R T .

[Jan.

G E O R G E T O W N S A V IN G S B A N K — G E O R G E T O W N .

Incorporated 1869.

Present number of corporators, 58.

J e r e m ia h P. J o nes , President.
G e o . S. W

esto n ,

O r l a n d o B. T e n n e y , Treasurer.
Clerk o f the Corporation.

Names of committee charged with the investment of its funds:
J o h n A. H o y t ,

S h e r m a n N e l so n ,
O l i v e r S. B u t l e r .

Open for business every business day, except Saturday, 9
Saturday, 9 a . m . to 12 m .

a .m .

to 12

m .,

1.30 to 4

p .m . ;

B alance Sheet , October 31, 1889.

L ia b il it ie s .

A ssets.

Public funds as per schedule, .
Bank stock as per schedule,
Loans on bank stock,
Railroad bonds as per schedule,
Loan on railroad stock,
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
(notes), ....................................
Loans on depositors’ books,
Deposits in banks, on interest, .
Deposit in bank, not on interest,
Cash on hand, .
.
.
.

$20,500 00
12,800 00
6,000 00
6,000 00

950
1,350
301,358
85,061

$449,434 32
12,500 00
4,437 15

Deposits, .
Guaranty fund,
Interest account,

00
00
03
10

7,500 00
1,150 00
21,416 14
2,000 00
286 20

$466,371 47

$466,371 47

Cash on Deposit in Banks, amount in each : —
Georgetown National Bank, Georgetown,
First National Bank, M e r r im a c ,...................................

.

$11,416 14
12,000 00

Loans on Bank Stock, amount on each : —
On 47 shares
On 10 shares
On 10 shares
On 25 shares

Georgetown National Bank, Georgetown,
Hingham National Bank, Hingham,
Market National Bank, Boston,
Georgetown National Bank, Georgetown,

.j

$5,000 00
1,000 00

Loan on Railroad Stock: —
On 9 shares Boston, Revere Beach & Lynn R.R.,


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Federal Reserve Bank of St. Louis

$950 00

1890.J

221

P U B L IC D O CU M EN T — No. 8.

Detailed Statement o f Public Funds.

Par Value.

City of Bath, Me., 6s,
of Bangor, Me., 6s, .
of Bangor, Me., 7s, .
.
of Belfast, Me , 6s, .
of Portland, Me., 6s,
of Rockland, Me., 6s,
Town of Melrose, Mass., 7s, .
County of Merrimack, N. H., 6s,

Estimated
Market Value.

$2,500
2,000
2,000
4,000
1,000
3,000
2,000
4,000

$2,550
2,100
2,200
4,000
1,100
3,000
2,300
4,000

$20,500

Amount Invested.

00
00
00
00
00
00
00
00

$2,500
2,000
2,000
4,000
1,000
3,000
2,000
4,000

$21,250 00

00*
00*
00*
00*
00*
00*
00
00

$20,500 00

* Legal investments when made.

No. of
Shares.

Detailed Statement o f Bank Stocks.

Par Value.

10 Market Nat’l Bank, Boston, .
13 Columbian N’l Bank, Boston,.
30 Manufactures’ N’l B’k, Boston,
30 State National Bank, Boston, .
45 Georgetown National Bank,
Georgetown,
.
. * .

$1,000
1,300
3,000
3,000

*

Estimated
Market Value.

Amount Invested.

$980
1,560
3,060
3,600

$1,000
1,300
3,000
3,000

00
00
00
00

00
00
00
00

4,500

4,860 00

4,500 00

$12,800

$14,060 00

$12,800 00

Detailed Statement o f Railroad Bonds.

Fitchburg R.R. 4s, .

Par Value.

Estimated
Market Value.

$ 6 ,0 0 0

$ 6 ,0 0 0 0 0

Amount Invest d

$ 6 ,0 0 0 0 0

Total Amount o f Loans with Each Specified Rate of Interest, including
Deposits in Banks on Interest.

Kate.

Amount.

$9,416
12,000
7,500
18,000

14

00
00
00

3 per cent.
3è
“
4

“

4i

“


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Amount.

$41,870 00
8,000 00
18,496 00

Rate.

5 per cent.
5i
“
5è
“

Amount.

$270,432 13
3,870 00
33,851 00

Kate.

6 per cent.
6A
<<

7

“

222

B A N K CO M M ISSIO N ERS’ R E P O R T .

Value, by books, of real estate, held by foreclosure or otherwise,
Assessed value of the same, .
...............................................................
Net income received from same during year ending Oct. 31, 1889,
Number of loans which are of an amount not exceeding $3,000 each, . 303
Aggregate amount of the s a m e , .......................................................................
Total number of loans upon real estate,..................................................... 277
Gross amount of interest or profits received or earned, as per books, dur­
.......................................................................
ing year ending Oct. 31, 1889,
Rate and amount of each semi-annual dividend during the 1 2£ per cent., f
year ending Oct. 31, 1 8 8 9 , .....................................................J 2^ per cent., (
Times for the dividends fixed by the by-laws: third Wednesday in April
and October.
Number of accounts opened during the year ending Oct. 31, 1889,
. 141
Number of accounts closed during the year ending Oct. 31, 1889,
. 73
Total number of open accounts Oct. 31, 1889,
.
.
.
.
1,197
Expenses of the corporation for the year ending Oct. 31, 1889 (exclusive
of taxes)..................................................................................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1889, .
.
. • ...............................................................
Number of same...............................................................................................699
Amount of withdrawals, including dividends, during the year ending Oct.
31, 1 8 8 9 , ...........................................................................................................
Number of s a m e , ......................................................................................... .....
Date of examination by commissioner: May 28.

[Jan.
$1,350 00
1,505 00
47 66
237,719 13

24,838 62
9,927 61
10,461 54

1,060 13
69,956 66

49,766 29

Classification o f Deposits received during the Year ending Oct. 3 1 ,1 8 8 9 .
Num­
ber.
O f $50 and less,
Exceeding $50, and
more than $100, .
Exceeding $100, and
more than $200, .
Exceeding $200, and
more than $500, .
Exceeding $500, and
than $1,000, .
O f $1,000 or more, .

Num­

Amount.

450

$10,400 16

104

8,479 04

70

11,141 78

50

17,856 09

15
10

10,791 29
11,288 30

699

$69,956 66

not
not
not

ber.
To the credit —
O f women, both adult
and minor,
O f guardians,
O f religious and chari­
table associations,
In trust, .
.
.
.

less

Amount.

339
8

$30,668 25
923 53

8
20

1,198 39
2,288 45

C o m m o n w e a l t h of M a s s a c h u s e t t s .
G e o r g e t o w n , N o v . 8, 1889.

E s s e x , ss.

Personally appeared Orlando B. Tenney, Treasurer of the Georgetown Savings
Bank, and made oath that the foregoing statement, by him subscribed, is a true and cor­
rect statement of all the resources and liabilities of said institution, and that the answers
made by him to the foregoing interrogatories contain the whole truth in reference to the
matters to which they relate, according to his best knowledge and belief.
Before me,
E s s e x , ss.

C h a s . E. J e w e t t , Justice o f the Peace.
G e o r g e t o w n , N ov . 8, 1889.

Personally appeared Jeremiah P. Jones, President, and John A. Hoyt, Oliver S.
Butler, Hiram N. Harriman, Henry P. Chaplin and Joseph E . Bailey, trustees of said
corporation, and severally made oath that the annexed report is correct, according to
their best knowledge and belief.
Before me,
C h a s . E. J e w e t t , Justice o f the Peace.


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Federal Reserve Bank of St. Louis

1890.]

PU B L IC D O CU M EN T — No. 8.

223

G R A F TO N S A V IN G S B A N K — G R AFTO N .

Incorporated March 13, 1869.

Present number of corporators, 47.
H e n r y F. W in g * Treasurer.

G e o r g e K . N ic h o l s , President.

H e n r y F. W i n g , Clerk o f the Corporation.

Names of committee charged with the investment of its funds:
G e o . K . N ic h o l s ,

H o r a c e S. W a r r e n ,

S il a s V in t o n ,

D a n ie l N . G ib b s ,
Jo s e p h A . D o d g e .

Open for business every business day, except Saturday. 9
Saturday, 9

B alance

a .m .

Sh e e t , O cto ber

A ssets.

q

a .m .

to 12

m

.,

and 1 to 4 p . m . ;

to 12 m .

31, 1889.

L ia b il it ie s .

Bank stock as per schedule,
Loan on bank stock, .
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
(n o te s ),....................................
Deposits in bank, on interest, .
Deposit in bank, not on interest,

$37,474
4,000
71,742
90,190

99
00
43
00*

Deposits, .
Guaranty fund,
Interest account,

$233,094 43
6,400 00
14,220 16

17.045 00
30,000 00
' 3,262 17
$253,714 59

$253,714 59

* This bank has been notified to reduce this amount,within the legal limit.

Cash on Deposit in Banks, amount in each: —
Millbury National Bank, Millbury,
First National Bank, Grafton,
Grafton National Bank, Grafton, .

$

10,000 00

10,000 00
13,262 17

Loan on Bank Stock: —
On 40 shares First National Bank, Grafton, .


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Federal Reserve Bank of St. Louis

$4,000 00

224

B A N K CO M M ISSIO N E R S’ R E P O R T .

[Jan

No. of
Shares.

Detailed Statement o f Bank Stocks.

30
30
20
10
13
15
10
38
28
14
5
2
3
10
5
10
13
63

Par Value.

N’l B’k of Redemption, Boston,
Nat’l Revere Bank, Boston, .
State National Bank, Boston,
Shawmut Nat’l Bank, Boston,
Nat’l Webster Bank, Boston,
Howard Nat’l Bank, Boston, .
North National Bank, Boston,
Market Nat’l Bank, Boston, .
N’l B’k of No. America, Boston,
Traders’ Nat’l Bank, Boston,.
Mannfacturers’N’l B’k, Boston,
Massachusetts N’l B’k, Boston,
National City Bank, Boston, .
Eliot National Bank, Boston,.
Fourth Nat’l Bank, Boston, .
Spencer Nat’l Bank, Spencer,
First Nat’l Bank, Grafton,
Grafton Nat’l Bank, Grafton,

$3,000
3,000
2,000
1,000
1,300
1,500
1,000
3,800
2,800
1,400
500
500
300
1,000
500
1,000
1,300
6,300
$32,200

Estimated
Market Value.

$4,035
3,740
2,460
1,300
1,306
1,684
1,395
3,810
3,423
1,358
525
550
300
1,310
590
1,150
1,586
7,434

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

$37,926 00

Amount Invested.

$4,187
3,814
2,040
1,222
1,476
1,744
1,206
4,276
3,200
1,949
550
677
363
1,230
500
1,000
1,462
6,575

75
00
00
75
12
50
25
00
25
50
00
12
25
00
00
00
50
00

$37,474 99

Total Amount o f Loans with Each Specified Bate o f Interest, including
Deposits in Banks on Interest.

Rate.

Amount.

Amount.

Rate.

Amount.

Rate.

•
$30,000 00
17,045 00

3 per cent.
4

$85,130 00
23,260 30

4l4 per cent.
5
“

'
$57,542 13

6 per cent.

Number of loans which are of an amount not exceeding $3,000 each,
73
Aggregate amount of the same,
....................................................................... $94,067 43
Total number of loans upon real estate........................................................61
Gross amount of interest or profits received or earned, as per books, dur­
ing year ending Oct. 31, 1 8 8 9 , .......................................................................
12,744 33
Rate and amount of each semi-annual dividend during the j 2 per cent., J
4,574 84
year ending Oct. 3 1 ,1 8 8 9 ,......................................................I 2 per cent., 1
4,508 06
Times for the dividends fixed by the by-laws: January 1 and July 1.
Number of accounts opened during the year ending Oct. 31, 1889,
. 82
Number of accounts closed during the year ending Oct. 31, 1889,
. 56
Total number of open accounts Oct. 31, 1 8 8 9 , .................................... 781
Expenses of the corporation for the year ending Oct. 31, 1889 (exclusive
of t a x e s ) , ..........................................................................................................
120 24
Amount of deposits, not including dividends, received during the year end­
ing Oct. 31, 1889.....................................................................................................
33,759 48
. 443
Number of same, .


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Federal Reserve Bank of St. Louis

1890.]

225

P U B L IC D O CU M EN T — No. 8.

Amount of withdrawals, including dividends, during the year ending Oct.
31, 1889.................................................................................................................... ........
Number of s a m e , ......................................................................................... 339
Date of examination by commissioner: January 21.

34

Classification o f Deposits received during the Year ending Oct. 31, 1889.
Num­
ber.
O f $50 and less,
Exceeding $50, and not
more than $100, .
Exceeding $100, and not
more than $200, .
Exceeding $200, and not
more than $500, .
Exceeding $500, and less
than $1,000, .
O f $1,000 or more, .

Num­

Amount.

319

$6,810 49

66

5,870 70

32

5,032 35

13

4,120 94

4
9

2,925 00
9,000 00

443

$33,759 48

C o m m o n w ealt h

ber.
T o the credit —
O f women, both adult
and minor,
Of religious and char­
itable associations, .
In trust, .
.
.
.

of

Amount.

246

$13,125 33

11
7

1,461 86
501 45

M assachusetts .
W

orcester ,

ss., Nov. 19, 1889.

Personally appeared Henry F. Wing, Treasurer of the Grafton Savings Bank, and
made oath that the foregoing statement, by him subscribed, is a true and eorrect state­
ment of all the resources and liabilities of said institution, and that the answers made by
him to the foregoing interrogatories contain the whole truth in reference to the matters
to which they relate, according to his best knowledge and belief.
Before me,

D. W ebster N orcross, Justice o f the Peace.
W

orcester , ss ., N o v .

20, 1889.

Personally appeared George K . Nichols, President, and Thos. T. Griggs, Joseph A .
Dodge, Silas Yinton, Alden M. Bigelow and Chas. L. Pratt, trustees of said corpora­
tion, and severally made oath that the annexed report is correct, according to their best
knowledge and belief.
- Before me,
D. W ebster N orcross , Justice o f the Peace.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

226

B A N K CO M M ISSIO N E R S’ R E PO R T.

[Jan.

G R A N IT E S A V IN G S B A N K — ROCKPORT.
Incorporated 1884.

Present number of corporators, 44.

H e n r y D e n n i s , President.

N a t h ’ l R i c h a r d s o n , J r ., Treasurer.

W i l l i a m H . C o l b y , Clerk o f the Corporation.

Names of committee charged with the investment of its funds :
H e n r y D e n n is ,

F r a n c is T a r r ,

E b e n G. A bbott,

H i r a m J. P h i l b r o o k ,

G eorge A . L o w e .

Open for business Wednesday and Saturday, 10

B alance

a

Sh e e t , O ctober

A ssets.

m

.

to 12

m

.,

and 2 to 3

p

.m .

31, 1889.

L ia b il it ie s .

Public funds as per schedule, .
Bank stock as per schedule,
Railroad bonds as per schedule,
Loans on real estate, .
Loans on personal security,
D eposits in banks, not on interest,
Expense account,
Safe.................................................
Cash on hand, .
.
.
.

$4,723
3,165
10,955
29,133
4,700
1,429
9
95

75
50
75
00
00
28
21
00
8 30

Deposits, .
Guaranty fund,

$53,934 79
285 00

$54,219 79

$54,219 79

Cash on Deposit in Banks, amount in each: —
Rockport National Bank, Rockport..................................................................... $338 79
First National Bank, Gloucester,.......................................................................
1,090 49

Detailed Statement o f Publie Funds.

Par Value.

Town of Tilton, N. H , 6s,
City of Keene, N. H., 4s, .
Town of Clinton, Mass., 4s,
City of Waltham, Mass., 4s, .
District of Columbia 6s, .
County of Merrimack, N. H., 4s,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$500
500
1 ,0 0 0
1 ,0 0 0

500
1 ,0 0 0

Estimated
Market Value.

$567
521
1,039
1,037
524
1,033

00
50
50
50
50
75

$4,500 • $4,723 75

Amount Invested.

$567
521
1,039
1,037
524
1,033

00
50
50
50
50
75

$4,723 75

1890.]

PU B L IC D O CU M EN T — No. 8.

227

No. of

Shares.

Detailed Statement o f Bank Stocks.

8
4
10

Par Value.

Gloucester N’l B’k, Gloucester,
Cape Ann N’l B’k, Gloucester,
Roekport N’l Bank, ltockport,

Estimated
Market Value.

Amount Invested.

$800
400
1,000

$1,096 00
582 00
1,487 50

$1,096 00
582 00
1,487 50

$2,200

$3,165 50

$3,165 50

Detailed Statement o f Railroad Bonds.

Par Value.

Boston & Maine R.R. 7 s ,.
Fitchburg R.R. 4s, .
Fitchburg R.R. 5s, .
Boston & Lowell R.R. 6s,
Maine Central R.R. 7s, .
Maine Central R.R. 6s, .

‘

$2,000
2,000
3,000
1,000
1,000
1,000
$10,000

Estimated
Market Value.

$2,224
2,070
3,260
1,127
1,207
1,165

Amount Invested.

50
50
50
00
75
50

$10,955 75

$2,224
2,070
3,260
1,127
1,207
1,165

50
50
50
00
75
50

$10,955 75

Total Amount o f Loans with Each Specified Rate o f Interest, including
Deposits in Banks on Interest.

Amount.

$3,500 00

Itate.

5 per cent.

Amount.

$30,333 00

Rate.

6 per cent.

Amount.

-

Number of loans which are of an amount not exceeding $3,000 each, . 57
Aggregate amount of the s a m e , ........................................................................
Total number of loans upon real e s t a t e , .............................................54
Gross amount of interest or profits received or earned, as per books, during
year ending Oct. 31,1889.....................................................................................
Rate and amount of each semi-annual dividend during the ) 2 per cent.,t
year ending Oct. 31, 1 8 8 9 ,......................................................>2 per cent., c
Times for the dividends fixed by the by-laws: April 1 and October 1.
Number of accounts opened during the year ending Oct. 31, 1889,
. 146
Number of accounts closed during the year ending Oct. 31, 1889,
. 39
Total number of open accounts Oct. 31, 1 8 8 9 , .................................... 456
Expenses of the corporation for the year ending Oct. 31, 1889 (exclusive
of taxes)..................................................................................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1889,
. 485
Number of same,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Rate.

-

$29,133 00

1,947 78
716 87
921 55

215 05
27,335 67

228

B A N K C O M M ISSIO N ERS’ R E P O R T .

[Jan.

Amount of withdrawals, including dividends, during the year ending Oct.
31, 1889.................................................................................................................... $12,882 99
Number of same...............................................................................................202
Date of examination by commissioner: July 26.

Classification o f Deposits received during the Year ending Oct. 3 1 ,1 8 8 9 .
Num­
ber.
O f $50 and less,
Exceeding $50, and not
more than $100, .
Exceeding $100, and not
more than $200, .
Exceeding $200, and not
more than $500, .
Exceeding $500, and less
than $1,000, .
O f $1,000 or more, .

Num­

Amount.

367

$5,085 72

64

5,128 37

24

3,775 17

21

7,414 00

8
1

4,932 41
1,000 00

485

$27,335 67

ber.
To the credit —
O f women, both adult
and minor,
O f religious and char­
itable associations, .
In trust................................

Amount.

•
163

$8,692 77

15
1

1,551 15
52 00

C o m m o n w e a l t h of M a ssa c h u se tt s.
E s s e x , s s ., N ov . 13, 1889.

Personally appeared Nathaniel Richardson, Jr., Treasurer of the Granite Savings
Bank, and made oath that the foregoing statement, by him subscribed, is a true and cor­
rect statement of all the resources and liabilities of said institution, and that the answers
made by him to the foregoing interrogatories contain the whole truth in reference to the
matters to which they relate, according to his best knowledge and belief.
Before me,

J o h n P a r s o n s , Justice o f the Peace.

E s s e x , s s ., N ov . 13, 1889.

Personally appeared Eben G. Abbott, Vice-President, and H. H. Thurston, Geo. A.
Lowe, ¥ m . H. Colby, J. L. Woodfall and Roger H. Tarr, trustees of said corporation,
and severally made oath that the annexed report is correct, according to their best
knowledge and belief.
Before me,
J o h n P a r s o n s , Justice o f the Peace.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

229

P U B L IC D O CU M EN T — No. 8.

1890.]

G R EAT B A R R IN G T O N S A V IN G S B A N K — G R EAT
B A R R IN G T O N .

Incorporated Feb. 3, 1869.

Present number of corporators, 49.

G e o r g e C h u r c h , President.

C h a r l e s J. T a y l o r , Treasurer.

M e r r i t t I. W h e e l e r , Clerk o f the Corporation.

Names of committee charged with the investment of its funds:
A. C. C o l l i n s ,

J o h n C. W h e e l e r ,

A. S. F a s s e t t ,

C h a r l e s J. P o t t e r ,

C h a r l e s J. T a y l o r .

Open for business Tuesday, Thursday and Saturday, 9

B alance

Sh e e t , O ctober

m .,

1 to 3

p .m .

31, 1889.

L ia b il it ie s .

A ssets.

Public funds as per schedule, .
Bank stock as per schedule,
Loan on bank stock,
Railroad bonds as per schedule,
Real estate (for banking pur­
poses), ....................................
Real estate by foreclosure,
Loans on real estate,.
Loans on personal security,
Deposits in banks, on interest, .
Deposit in bank, not on interest,
Expense account,
Cash on hand................................

to 12

a .m .

$ 11,000 00
49,576 92
281 47

Deposits, .
Guaranty fund,
Interest account,

$393,117 94
12,000 00

12,707 81

11,000 00

13.000
4,804
238,792
43.001
40,660
3,163
1,361
1,183

00
32
07
25
57
75
44
96
$417,825 75

$417,825 75

Cash on Deposit in Banks, amount in each : —
National Bank of Redemption, Boston,
Maverick National Bank, Boston,....................................
Springfield Safe Deposit and Trust Company, Springfield,
National Mahaiwe Bank, Great Barrington, .

$14,827
10,015
15,817
3,163

83
07
67
75

Loan on Bank Stock: —
On 5 shares National Mahaiwe Bank, Great Barrington,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

.

.

.

.

$281 47

230

B A N K CO M M ISSIO N ERS’ R E PO R T.

[Jan.

1

$1,000 00
10,000 00*

1
I

•
Detailed Statement o f Public Funds.
Estimated
Market Value.

United States 4^s, .
City of Bridgeport, Conn., 3is,

*A

$1,000
10,000

$1,050 00
10,000 00

$11,000

$11,050 00

$11,000 00

1

legal investment when made.

Detailed Statement o f Bank Stocks.

1
1
1

«4-.
O

CO
Oj

Estimated
Market Value.

1g

1
1
1
1
1
1
1
1
1
1
1
1

10
10
13
59
19
10
54
66
14
42
25
40

1
1
1

48
3
3

First National Bank, Adams,.
Faneuil Hall N’l Bank, Boston,
Suffolk National Bank, Boston,
N’l B’k of Redemption, Boston,
Hamilton Nat’l Bank, Boston,
Atlantic Nat’l Bank, Boston, .
New England N’l B’k, Boston,
Shoe & Leather N’l B’k, Boston,
National Union Bank, Boston,
N’l B’k of No. America, Boston,
Merchants’ N’l Bank, Boston,
National MahaiweBank, Great
Barri ngton, .
.
.
.
Lee National Bank, Lee,
Pittsfield N’l Bank, Pittsfield,
Housatonic Nat’l Bank, Stockbridge,
.
.
.
.

1

$1,000
1,000
1,300
5,900
1,900
1,000
5,400
6,600
1,400
4,200
2,500

$1,500
1,400
1,495
7,552
2,375
1,300
7,830
6,270
2,002
4,410
3,550

00
00
00
00
00
00
00
00
00
00
00

$1,280
1,300
1,300
7,080
2,227
1,345
7,290
6,600
1,890
4,200
3,392

00
00
00
00
75
00
00
00
00
00
50

I
1
1
1
1
1
1
1
I
1
1

4,000
4,800
300

5,200 00
6,480 00
480 00

5,000 00
5,816 67
405 00

1
1
1

300

480 00

450 00

I

$41,600

$52,324 00

$49,576 92

1

Detailed Statement o f Railroad Bonds.

1

Estimated
Market Value.

1
1
1
1

Boston
Boston
Boston
Boston

& Albany R.R. 7s,
& Albany R.R. 6s,
& Lowell R.R. 7s,
& Providence R.R. 7 s, .


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$5,000
1,000
3,000
2,000
$11,000

$5,400
1,130
3,240
2,200

00
00
00
00

$11,970 00

$5,000
1,000
3,000
2,000

00
00
00
00

$11,000 00

231

PU B L IC D O CU M EN T — No. 8.

1890.]

Total Amount o f Loans with Each Specified Rate o f Interest, including
Deposits in Banks on Interest.

$24,842 90
15,817 67

Amount.

Kate.

Amount.

$125,100 00

2J per cent.

Kate.

Amount.

Kate.

5 per cent.

$156,974 79

6 per cent.

4

$13,000 00
Amount invested in real estate for banking purposes,
.
.
.
.
13,000 00
Estimated value of the s a m e , ........................................................................
6,500 00
Assessed value of the s a m e ,.................................................................................
595 00
Net income received from same during year ending Oct. 31, 1889,
4,804 32
Value, by books, of other real estate, held by foreclosure or otherwise,
5,910 00
Assessed value of the s a m e ,.................................................................................
21 82
Net income received from same during year ending Oct. 31, 1889,
Number of loans which are of an amount not exceeding $3,000 each, 222
169,362 79
Aggregate amount of the s a m e , ........................................................................
Total number of loans upon real e s t a t e , .............................................199
834 36
Amount of investments from which no income is received, .
.
.
.
Gross amount of interest or profits received or earned, as per books, during
21,167 70
year ending Oct. 31, 1 8 8 9 ,.................................................................................
7,311 59
Rate and amount of each semi-annual dividend during the | 2 per cent., f
7,342 39
year ending Oct. 31, 1 8 8 9 ,......................................................J 2 per cent., 1
Times for the dividends fixed by the by-laws : first Thursday in January
and July.
Number of accounts opened during the year ending Oct. 31,
1889,. 325
Number of accounts closed during
the year ending Oct. 31,
1889,. 254
Total number of open accounts Oct. 31, 1889,
.
.
.
.
1,785
Expenses of the corporation for the year ending Oct. 31, 1889 (exclusive
1,707 59
of t a x e s ) , ............................................................................................................
Amount of deposits, not including dividends, received during the year
82,928 87
ending Oct. 31, 1889...............................................................................................
Number of s a m e , .........................................................................................1,346
Amount of withdrawals, including
dividends, during the year ending Oct.
88,021 61
31, 1889....................................................................................................................
Number of same.............................................................................................. 1.171
Date of examination by commissioner: July 19.

Classification o f Deposits received during the Year ending Oct. 31, 1889.
Num­
ber.
O f $50 and less,
Exceeding $50, and not
more than $100, .
Exceeding $100, arid not
more than $200, .
Exceeding $200, and not
more than $500, .
Exceeding $500, and less
than $1,000, .
Of $1,000 or more, .


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Num­

Amount.

962

$19,257 42

206

17,595 87

107

16,959 58

59

19,571 00

8
4

5,545 00
4,000 00

1,346

$82,928 87

ber.
To the credit —
Of women, both adult
and minor,
O f guardians,
Of religious and chari­
table associations, .
In trust................................

Amount.

692
6

$41,755 48
1,460 88

18
4

1,549 60
235 82

232

B A N K CO M M ISSIO N ERS’ R E P O R T .

C om m o n w ealt h

oe

[Jan.

M assach usetts .
B e r k s h ir e ,

ss .,

N ov. 9, 1889.

Personally appeared Charles J. Taylor, Treasurer of the Great Barrington Savings
Bank, and made oath that the foregoing statement, by him subscribed, is a true and
correct statement of all the resources and liabilities of said institution, and that the
answers made by him to the foregoing interrogatories contain the whole truth in reference
to the matters to which they relate, according to his best knowledge and belief.
Before me,

F. N. D e l a n d , Notary Public.

B e r k s h ir e ,

s s .,

N ov. 9, 1889.

Personally appeared Henry T. Robbins, Vice-President, and Robert Girling, C. J.
Burget, A. S. Fassett, A. C. Collins and John C. Wheeler, trustees of said corporation,
and severally made oath that the annexed report is correct, according to their best
knowledge and belief.
Before me,
F. N . D e l a n d , Notary Public.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

1890.]

233

PU B L IC DO CU M EN T — No.

G R E E N F IE L D SA V IN G S B A N K — G R E E N F IE L D .

Incorporated 1869.

Present number of corporators, 30.
A l b e r t M. G l e a s o n , Treasurer.

R o b e r t A b e r c r o m b i e , President.

C . C . C o n a n t , Clerk o f the Corporation.

Names of committee charged with the investment of its funds :
W m . A. F o r b e s ,

S. B. S l a t e ,

L e v i J. G u n n ,

C h a s . R. L o w e l l ,

A l b e r t M. G l e a s o n .

Open for business every business day, 9

B alance

to 12.30

Sh ee t, O ctober

A ssets.

Public funds as per schedule, .
Bank stock as per schedule,
Loans on bank stock,
Railroad bonds as per schedule,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
(notes)........................................
Loans on depositors’ books,
Deposits in banks, on interest, .
Deposit in bank, not on interest,
Expense account,
Furniture and fixtures,
Premium account,
Interest due,
.
.
.
.
Cash on hand, .
.
.
.

a .m.

b . m .,

2 to 4

p .m .

31, 1889.

L ia b il it ie s .

$202,500 00 1 Deposits, .
Guaranty fund,
124,200 00
Interest account,
24,329 00
22,000 00
777,343 27
220,316 55

$1,405,351 57
36,725 00
1,857 08

21,300
1,342
3,553
643
1,349

00
00
81
46
13
1,000 00
42,655 50
554 85
846 08

$1,443,933 65

$1,443,933 65

Cash on Deposit in Banks, amount in each : —
Packard National Bank, Greenfield...........................................
.
Conway National Bank, Conway,........................................................................
Berkshire National Bank, North Adams.............................................................
Old Boston National Bank, B o s t o n , .....................................................
.
National Bank of Commerce, B o s to n ,...............................................................


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$3,019 58
534 23
62 92
489 47
91 07

234

B A N K C O M M ISSIO N ERS’ R E P O R T .

[Jan.

Loans on Bank Stock, amount on each: —
On
On
On
On
On
On
On
On
On

5 shares First National Bank, Amherst.........................................................
96 shares Conway National Bank, Conway, .
.
.
.
.
.
1 share Franklin County National Bank, Greenfield,
.
.
.
.
100 shares Home National Bank, Holyoke...................................................
5 shares First National Bank, Northampton,............................................
2 shares Crocker National Bank, Turner’s F a l l s , ....................................
24 shares Packard National Bank, G r e e n f i e l d ,....................................
50 shares Adams National Bank, North A d a m s , ....................................
10 shares Shelburne Falls National Bank, Shelburne Falls, .
.
.

$500 00
7,53900
9000
8,000 00
500 00
200 00
2,000 00
5,000 00
50000

Detailed Statement of Public Funds.

Par Value.

City of Burlington, Vt., 5s,
of Pittsfield, Mass., 4^s, .
of Springfield, Mass , 7s,
of Milwaukee, Wis., 7s, .
of Des Moines, Iowa, 5s,
Town of Rutland, Vt., 4|s,
of West Rutland, Vt., 5s, •.

$35,000
65,000
3,000
28,000
14,000
40,000
17,500
$202,500

Estimated
Market Value.

$35,000
67,600
3,615
30,800
14,420
43,000
18,812

00
00
00
00
00
00
50

$213,247 50

Amount Invested.

$35,000
65,000
3,000
28,000
14,000
40,000
17,500

00
00
00
00
00
00
00

$202,500 00

No. of

Shares.

Detailed Statement o f Bank Stocks.

37
52
48
13
6
18
15
42
38
■10
3
50
12
50
34
138
14
50
15

Par Value.

Athol National Bank, Athol, .
N’l B’k of Redemption,Boston,
Nat’i Revere Bank, Boston, .
IN’I Hide & LeatherB’k,Boston,
National City Bank, Boston, .
Market Nat’i Bank, Boston, .
Howard Nat’i Bank, Boston,
Eliot National Bank, Boston,
Merchants’ N’l Bank, Boston,
Second Nat’i Bank, Boston, .
Washington N’l B’k, Boston,
Metropolitan N’l B’k, Boston,
First Nat’i Bank, Chicopee, .
Conway Nat’i Bank, Conway,
First Nat’i Bank, Greenfield,
Holyoke N’l Bank, Holyoke,
Hadley Falls N’l B’k, Holyoke,
City National Bank, Holyoke,
Hampshire County National
Bank, Northampton, .


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$3,700
5,200
4,800
1,300
600
1,800
1,500
4,200
3,800
1,000
300
5,000
1,200
5,000
3,400
13,800
1,400
5,000
1,500

Estimated
Market Value.

$3,885
7,020
6,000
1,560
600
1,800
1,650
5,544
5,510
1,750
375
5,200
1,800
6,000
6,800
20,700
2,380
5,500

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

1,725 00

Amount Invested.

$3,700
5,200
4,800
1,300
600
1,800
1,500
4,200
3,800
1,000
300
5,000
1,200
5,000
3,400
13,800
1,400
5,000

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

1,500 00

1890.]

235

P U B L IC D O CU M EN T — No. 8.

Ko. of

Shares.

Detailed Statement o f Bank Stocks — Concluded.

21
50
67
110
50
70
36
45
3
15
50
50
30

Par Value.

First N’l Bank, Northampton,
Orange Nat’l Bank, Orange,
Palmer Nat’l Bank, Palmer,
Third Nat’l Bank, Springfield,
Agawam N’l B’k, Springfield,
First Nat’l Bank, Springfield,
Second N’l Bank, Springfield,
City Nat’l Bank, Springfield,
Chicopee N’l B’k, Springfield,
Crocker N’l B’k, Turner’s Falls,
First Nat’l Bank, Westfield, .
Winchester Nat’l Bank, WinChester, N. H.,
Berkshire N’l B’k, No. Adams,

$2,100
5,000
6,700
11.000
5,000
7,000
3,600
4,500
300
1,500
5,000
5,000
3,000
$124,200

Estimated
Market Value.

$2,730
6,750
9,380
22,000
6,000
9,800
5,472
5,850
540
2,025
6,750

00
00
00
00
00
00
00
00
00
00
00

5,550 00
3,060 00

Amount Invested.

$2,100
5,000
6,700
11,000
5,000
7,000
3,600
4,500
300
1,500
5,000

00
00
00
00
00
00
00
00
00
00
00

5,000 00
3,000 00

$171,706 00 $124,200 00

Detailed Statement o f Railroad Bonds.

Newport & Richford R.R. 5s, .
Fitchburg R R. 5s, .
Fitchburg R.R. 7s, .

Par Value.

Estimated
Market Value.

Amount Invested.

$10,000
10,000
2,000

$10,500 00
10,500 00
2,210 00

$10,000 00
10,000 00
2,000 00

$22,000

$23,210 00

$22,000 00

Total Amount o f Loans with Each Specified Rate o f Interest, inchiding
Deposits in Banks on Interest.

Amount.

$3,553 81
41,300 00

Rate.

3 per cent.
4è
“

Amount.

$15,000 00

Rate.

Amount.

Rate.

4f per cent.

$988,330 82

5 per cent.

Number of loans which are of an amount not exceeding $3,000 each,. 580
Aggregate amount of the s a m e , ........................................................................$534,515 48
Total number of loans upon real e s t a t e , ............................................. 501
Gross amount of interest or profits received or earned, as per books, during
year ending Oct. 31, 1 8 8 9 ,.................................................................................
68,166 09


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

236

B A N K CO M M ISSIO N ERS’ R E P O R T .

[Jan.

Rate and amount of each semi-annual dividend during the j 2 per cent., f $26,105 39
year ending Oct. 31, 1 8 8 9 , .............................................• J 2 per cent., 1
26,693 86
Times for the dividends fixed by the by-laws : January 1 and July 1.
Number of accounts opened during the year ending Oct. 31, 1889,
. 558
Number of accounts closed during the year ending Oct. 31, 1889,
. 423
Total number of open accounts Oct. 31, 1889,
.
.
.
.
3,332
Expenses of the corporation for the year ending Oct. 31, 1889 (exclusive of
t a x e s ) ,..................................................................................................................
3,716 92
Amount of deposits, not including dividends, received during the year end­
ing Oct. 31, 1 8 8 9 ,.................................................................................................
240,473 63
Number of s a m e , ............................................................................... 2,538
Amount of withdrawals, including dividends, during the year ending Oct.
31, 1889,..................................................................................................................
233,171 28
Number of s a m e , ............................................................................... 2,194
Date of examination by commissioner: October 15.

Classification o f Deposits received during the Year ending Oct. 3 1 ,1 8 8 9 .
Num­
ber.
O f $50 and less,
Exceeding $50, and
more than $100, .
Exceeding $100, and
more than $200, .
Exceeding $200, and
more than $500, • .
Exceeding $500, and
than $1,000, .
O f $1,000 or more, .

Num­

Amount.

ber.

1,787

$31,914 29

311

26,169 66

188

29,532 18

146

52,199 67

51
55

37,318 13
63,339 70

2,538

$240,473 63

not
not
not

To the credit —
O f women, both adult
and minor,
Of guardians,
O f religious and chari­
table associations, .
In trust, .
.
.
.

less

Com

m on w ealth

of

M

Amount.

1,007
10

$94,145 49
2,158 40

37
7

6,129 57
5,137 20

assach u setts.

F

r a n k l in

, ss ., N

ov.

15, 1 889.

Personally appeared Albert M. Gleason, Treasurer of the Greenfield Savings Bank,
and'made oath that the foregoing statement, by him subscribed, is a true and correct
statement of all the resources and liabilities of said institution, and that the answers
made by him to the foregoing interrogatories contain the whole truth in reference to
the matters to which they relate, according to his best knowledge and belief.
Before me,

C. M a son M o o d y , Justice o f the Peace.

F

r a n k l in

, ss ., N

ov.

15, 1889.

Personally appeared Robert Abercrombie, President, and Eben A. Hall, Chester C.
Conant, Charles R. Lowell, William A. Forbes, S. B. Slate and Edwd. E. Lyman,
trustees of said corporation, and severally made oath that the annexed report is cor­
rect, according to their best knowledge and belief.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Before me,

C. M ason M o o d y , Justice o f the Peace.

1890.]

P U B L IC D O CU M EN T — No. 8.

237

H A M P D E N S A V IN G S B A N K — S P R IN G F IE L D .

Incorporated 1852.
E . T r a s k , President.

Present number of corporators, 43.

P. S. B a i l e y , Treasurer.
P. S. B a i l e y , Clerk o f the Corporation.

Names of committee charged with the investment of its funds:
E. T r a s k ,
F. S. B a i l e y ,

J. M u l l ig a n ,
A. J. W r i g h t .

Open for business every business day, 9

B a l a n c e Sh e e t , O c to b er

A ssets.

Public funds as per schedule, .
Loan on public funds,
Bank stock as per schedule,
Loans on bank stock, .
Railroad bonds as per schedule,
Loans on railroad stocks, .
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Deposits in banks, on interest, .
Deposits in banks, not on interest,
Expense account,
Cash on hand, .
.
.
.

a .m .

to 4 p . m .

31,1889.

L ia b il it ie s .

$50,000
20,000
297,829
33,710
100,000
38,900
114,672
1,084,800
472,737
50,000
13,467
1,616
3,501

00
00
00
00
00
00
85
00
50
00
34
23
65

$2,281,234 57

Deposits, .
Guaranty fund,
Interest account,
Profit and loss ac­
count,
Premium account, .

$2,181,729 09
60,000 00
7,173 24
25,082 24
7,250 00

$2,281,234 57

Cash on Deposit in Banks, amount in each: —
Agawam National Bank, Springfield,.............................................................. $55,604 86
National Revere Bank, Boston, .
.
.
.............................................
6,337 73
Chapin National Bank, S p r in g fie ld ,..............................................................
1,524 75
Loan on Public Funds : —
On $20,000 United States 4 J s , ....................................................................... $20,000 00
Loans on Bank Stock, amount on each : —
On 2 shares Chicopee National Bank, Springfield,
On 10 shares Chapin National Bank, Springfield,
On 5 shares Pynchon National Bank, Springfield,
On 25 shares Chapin National Bank, Springfield,
On 30 shares City National Bank, Springfield, .


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$1,600 00

5,300 00

238

B A N K CO M M ISSIO N E R S’ R E P O R T .

On 6 shares Saybrook National Bank, Essex, Conn.,
On 50 shares Holyoke National Bank, Holyoke,
On 13 shares Agawam National Bank, Springfield,
On 6 shares First National Bank, Springfield,
On 5 shares Ware National Bank, Ware.................................
On 25 shares Third National Bank, Springfield, .
On 8 shares Chapin National Bank, Springfield,
On 2 shares Chicopee National Bank, Springfield,
On 7 shares City National Bank, Springfield,
On 20 shares Agawam National Bank, Springfield, .
On 10 shares Third National Bank, Springfield, .
On 15 shares Second National Bank, Springfield,
On 2 shares First National Bank, Springfield,
On 25 shares Chapin National Bank, Springfield,
On 9 shares Agawam National Bank, Springfield,
On 20 shares Agawam National Bank, Springfield, .
On 20 shares Third National Bank, Springfield, .
On 2 shares Chapin National Bank, Springfield,
On 15 shares Housatonic National Bank, Stockbridge,
On 16 shares Palmer National Bank, Palmer, .
On 30 shares Hampshire County National Bank, Northampton,

[Jan.
$500
5,000

00
00

1,800

00
00
00

150
2,500
960
700
1,800

00
00
00

00
200 00
600 00
400 00
2,000 00
2,000 00
200 00
1,500 00
1,000 00
3,000 00
2,500

Loans on Railroad Stock, amount on each : —
o
o
C-

00
00
00
00
200 00
1,500 00
1,700 00
3,000 00
8,000 00
6,000 00
1,000 00

On 5 shares Connecticut River R . R . , .............................................
On 100 shares Connecticut River R . R . , ....................................
On 5 shares Connecticut River R . R . , .............................................
On 10 shares Boston & Albany R . R .,.............................................
On 3 shares Boston & Albany R.R , .............................................
On 10 shares Boston & Albany R .R , .............................................
On 10 shares Boston & Albany R .R ................................................
On 18 shares Boston & Albany R . R . , .............................................
On 80 shares New York, New Haven & Hartford R .R ., .
On 100 shares Old Colony R . R . , ......................................................
On 10 shares Boston & Albany R . R . , .............................................

15,000
500
1,300

Detailed Statement o f Public Funds.

Par Value.

United States 4s,

.

.

.

$50,000

Estimated
Market Value.

Amount Invested.

$63,500 00

$50,000 00

Shares.

♦No. of

Detailed Statement o f Bank Stocks.

28
75
230
75

Par Value.

First National Bank, Boston,.
N’l Hide & Leather B’k, Boston,
Merchants’ Nat’l Bank,Boston,
N’l B’k of Commerce, Boston,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$2,800
7,500
23,000
7,500

Estimated
Market Value.

$6,790
9,000
33,515
9,600

00
00
00
00

Amount Invested.

$2,800
7,500
27,210
10,865

00
00
00
00

1890.]

239

P U B L IC D O CU M EN T — No. 8.

No. of

Shares.

Detailed Statement o f Bank Stocks — Concluded.

75
40
50
37
50
50
50
50
50
50
63
57
33
150
40
20
66
30
50
50
85
74
65
50
230
423
50
75

Par Value.

Nat’l Revere Bank, Boston, .
Nat’l Webster Bank, Boston,
N’l B’k of the Republic, Boston,
Suffolk Nat’l Bank, Boston, .
Continental N’l Bank, Boston,
N’l B’k of Redemption, Boston,
Freeman’s Nat’l Bank, Boston,
State National Bank, Boston,.
N’l B’k of No. America, Boston,
Eliot National Bank, Boston,.
Shawmut Nat’l Bank, Boston,
First Nat’l Bank, Chicopee, .
FranklinCo. N’l B’k,Greenfield,
Holyoke Nat’l Bank, Holyoke,
Hadley Falls N’l Bk, Holyoke,
Monson N’l Bank, Monson, .
Hampshire County National
Bank, Northampton, .
First N’l Bank, Northampton,
First N’l Bank, Norwich, C t,
Uncas N’l Bank, Norwich, Ct.,
Thames N’l B’k, Norwich, Ct.,
Third N’l Bank, Springfield, .
Pynchon N’l B’k, Springfield,
First Nat’ l Bank, Springfield,
Chapin N’l Bank, Springfield,
Agawam N’l B’k, Springfield,
Chicopee N’l B’k, Springfield,
Ware National Bank, Ware, .

Estimated
Market Value.

Amount Invested.

$7,500
4,000
5,000
3,700
5,000
5,000
5,000
5,000
5,000
5,000
6,300
5,700
3,300
15,000
4,000
2,000

$9,300
4,000
8,350
4,264
6,125
6,725
5,150
6,050
6,100
6,575
8,190
8,379
3,300
22,500
6,800
3,000

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

$7,500
4,292
6,300
4,500
5,300
6,700
5,900
5,900
5,700
6,100
7,600
7,470
4,550
15,000
4,732
2,200

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

6,600
3,000
54100
2,500
8,500
7,400
6,500
5,000
23,000
42,300
5,000
7,500

8,250
4,200
5,200
3,000
12,750
15,540
11,375
7,000
34,500
50,760
8,600
9,375

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

7,225
3,000
5,180
2,900
12.285
11,560
10,985
6,525
24,700
46,700
8,600
10,050

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

$249,600

$344,263 00 $297,829 00

Detailed Statement o f Railroad Bonds.

Par Value.

Boston & Providence R.R., 4s,
N. Y. & N. E. R.R. (terminal) 4s, .

Estimated
Market Value.

Amount Invested.

$50,000
50,000

$55,000 00
56,000 00

$50,000 00
50,000 00

$100,000

$111,000 00

$100,000 00

Total Amount o f Loans with Each Specified Rate o f Interest, including
Deposits in Ba?iks on Interest.

Amount.

$140,000 00

Rate.

4 per cent.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Amount.

$1,560,147 50

Rate.

5 per cent.

Amount.

Rate.

-

-

240

B A N K CO M M ISSIO N ERS’ R E P O R T .

[Jan.

Value, by books, of real estate, held by foreclosure or otherwise,
.
. $ 114,672 85
Assessed value of the s a m e ,.................................................................................
73,600 00
Net income received from same during year ending Oct. 31,1889,
.
.
2,287 00
Number of loans which are of an amount not exceeding $3,000 each, . 308
Aggregate amount of the s a m e , .......................................................
412,660
00
Total number of loans upon real e s t a t e , ............................................. 340
Amount of investments from which no income is received...............................
5,600 00
Gross amount of interest or profits received or earned, as per books, during
year ending Oct. 31, 1 8 8 9 ,................................................................
105,244
90
Rate and amount of each semi-annual dividend during the ) 2 per cent., f
40,187 70
year ending Oct. 31, 1 8 8 9 ,...................................................... J 2 per cent., 1
41,308 02
Times for the dividends fixed by the by-laws: February 15 and August 15.
Number of accounts opened during the year ending Oct. 31, 1889,
1,014
Number of accounts closed during the year ending Oct. 31, 1889,
. 793
Total number of open accounts Oct. 31, 1889,
.
.
.
.
4,511
Expenses of the corporation for the year ending Oct. 31, 1889 (exclusive of
taxes)......................................................................................................
7,646
53
Amount of deposits, not including dividends, received during the year end­
ing Oct. 31, 1 8 8 9 ,................................................................................
463,732
68
Number of s a m e , ................................................................................4,111
Amount of withdrawals, including dividends, during the year ending Oct.
31,1889,..................................................................................................
445,938
41
Number of s a m e , ............................................................................... 3,071
Date of examination by commissioner: June 28.

Classification o f Deposits received during the Year ending Oct. 3 1 ,1 8 8 9 .

O f $50 and less,
Exceeding $50, and
more than $100, .
Exceeding $100, and
more than $200, .
Exceeding $200, and
more than $500, .
Exceeding $500, and
than $1,000, .
O f $1,000 or more, .

Num­
ber.

Amount.

2,701

$56,624 84

585

49,459 14

320

50,629 46

267

92,936 60

113
125

75,631 51
138,451 13

4,111

$463,732 68

Num­
ber.
To the credit —
O f women, both adult
and minor,
O f guardians,
O f religious and chari­
table associations, .
In trust, .
.
.
.

not
not
not

Amount.

1,445
6

$197,117 84
2,568 91

21
63

3,832 07
17,297 46

less

Co m m o n w e a l t h

of

M a s sa c h u s e t t s .
H am pden,

ss .,

N ov . 15, 1889.

Personally appeared P. S. Bailey, Treasurer of the Hampden Savings Bank, and made
oath that the foregoing statement, by him subscribed, is a true and correct statement
of all the resources and liabilities of said institution, and that the answers made by him
to the foregoing interrogatories contain the whole truth in reference to the matters to
which they relate, according to his best knowledge and belief.
Before me,

A n d r e w J. W

r ig h t ,

Justice o f the Peace.

H am pden,

ss

, Nov. 15, 1889.

Personally appeared Eliphalet Trask, President, and F. S. Bailey, Andrew J. Wright,
H. S. Hyde, A. I. Bemis, Hinsdale Smith and J. A. Rumrill, trustees of said corpora­
tion, and severally made oath that the annexed report is correct, according to their best
knowledge and belief.
W . M . W i l l a r d , Notary Public.
Before me,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

.1 8 9 0 .]

241

P U B L IC D O CU M EN T — No. 8.

H A M P SH IR E S A V IN G S B A N K — N O R TH AM PTO N .

Incorporated May 19, 1869.

Present number of corporators, 31.

J o se p h u s C r a f t s , President.
L e w is W

L e w is W a r n e r , Treasurer.
arner,

Clerk o f the Corporation.

Names of committee charged with the investment of its funds:
J o sep h u s C r a f t s ,
W

m.

H. D ic k in s o n ,

'W e b s t e r H e r r i c k ,
J. H. D e m o n d ,

O r m a n S. C l a r k .

Open for business every business day, 9

Balance

Sh e e t , O c t o b e r

a .m .

31, 1889.

A ssets.

Bank stock as per schedule,
Loans on bank stock,
Railroad bonds as per schedule,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
(notes)........................................
Deposit in bank, on interest,
Expense account,

to 3 p . m .

L ia b il it ie s .

$177,136
9,150
30.000
602,135
60,737

42
00
00
84
50

Deposits, .
Guaranty fund,
Interest account,
Profit and loss ac­
count,

$892,657 59
21,200 00
3,222 99
10,119 61

16.000 00
29,310 67
2,729 76
$927,200 19

$927,200 19

Cash on Deposit in Bank : —
Hampshire County National Bank, N o r t h a m p t o n ,....................................$29,310 67

Loans on Bank Stock, amount on each: —
On 19 shares Hampshire County National Bank, Northampton,
On 7 shares First National Bank, Northampton, .
On 50 shares First National Bank, Easthampton,.
On 5 shares First National Bank, Greenfield,
On 7 shares Franklin County National Bank, Greenfield, .
On 10 shares Conway National Bank, Conway, .


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$1,600
700
5,000
500
550
800

00
00
00
00
00
00

24 2

B A N K CO M M ISSIO N ERS’ R E PO R T.

[Jan

No. of

Shares.

Detailed Statement o f Bank Stocks.

100
40
22
33
35
32
15
42
35
8
10
35
7
44
30
9
33
36
7
6
30
22
10
50
50
12
10
34
100
20
10
246
53
63
34
5
33
28
12
13

Par Value.

North National Bank, Boston,
N’l B’k of the Commonwealth,
Boston,
.
.
.
.
Blackstone N’l Bank, Boston,
Howard Nat’l Bank, Boston, .
Shawmut Nat’l Bank, Boston,
N’l Hide & Leather B’k, Boston,
N’l B’k of Commerce, Boston,
Tremont Nat’l Bank, Boston,.
Continental N’l Bank, Boston,
N’l B’k of the Republic,Boston,
N’l B’k of No. America, Boston,
Market Nat’l Bank, Boston, .
Mount Vernon N’l B’k, Boston,
Globe National Bank, Boston,
Merchants’ N’l Bank, Boston,
Atlantic Nat’l Bank, Boston, .
Atlas National Bank, Boston,
Eliot National Bank, Boston,
Hamilton Nat’l Bank, Boston,
Massachusetts N’l B’k, Boston,
Suffolk Nat’l Bank, Boston, .
Nat’l Revere Bank, Boston, .
Shoe & Leather N’l B’k, Boston,
Third National Bank, Boston,
Second Nat’l Bank, Boston, .
National Eagle Bank, Boston,
Manufacturers’ N’l B’k, Boston,
First Nat’l Bank, Chicopee, .
First N’l Bank, Easthampton,
City National Bank, Holyoke,
Home Nat’l Bank, Holyoke, .
Hampshire County N’l B’k,
'Northampton,
First N’l Bank, Northampton,
Northampton National Bank,
Northampton,
John Hancock National Bank,
Spri ngfi el d, .
.
.
.
Chicopee N’l B’k, Springfield,
Agawam N’l B’k, Springfield,
M echanics’ N’l B’k, Worcester,
Ware National Bank, Ware, .
Union Nat’l Bank, Weymouth,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$10,000

Estimated
Market Value.

$13,900 00

$12,661 00

4,000
2,200
3,300
3,500
3,200
1,500
4,200
3,500
800
1,000
3,500
700
4,400
3,000
900
3,300
3,600
700
1,500
3,000
2,200
1,000
5,000
5,000
1,200
1,000
3,400
10,000
2,000
1,000

6,800
2,601
3,630
4,445
3,840
1,920
4,767
4,287
1,320
1,220
3,430
966
4,334
4,365
1,282
3,960
4,680
854
1,642
3,450
2,728
940
5,225
8,750
1,236
1,050
5,100
14,500
'2,200
1,100

24,600
5,300

29,520 00
7,155 00

24,600 00
7,076 00

6,300

11,340 00

10,702 50

3,400
500
3,300
2,800
1,200
1,300

4,080
850
4,290
3,780
1,584
1,690

00
50
00
00
00
00
00
50
00
00
00
00
00
00
50
00
00
00
50
00
00
00
00
00
00
00
00
00
00
00

Amount Invested.

00
00
00
00
00
00

4,635
3,247
3,695
4,477
3,797
2,505
5,386
4,030
1,032
1,147
4,219
896
5,651
4,260
1,221
3,902
4,640
906
1,920
3,870
2,802
1,436
5,600
7,900
1,476
1,040
5,175
12,420
2,000
1,000

3,898
800
4,143
3,749
1,624
1,592

00
50
00
50
00
00
00
00
00
50
37
00
87
00
75
75
00
00
00
00
00
25
93
00
00
00
00
00
00
00

00
00
00
00
00
50

$142,300 $184,813 00 $177,136 42

1890.]

P U B L IC D O CU M ENT — No. 8.

243

Detailed Statement o f Railroad Bonds.

Par Value.

Fitchburg R.R. 4s, .
Boston & Providence R.R. 4s, .
Boston & Lowell R.R. 4s,
Fitchburg R.R. 5s, .

$10,000
6,000
10,000
4,000
$30,000

Estimated
Market Value.

$9,750
6,480
10,400
4,220

00
00
00
00

$30,850 00

Amount Invested.

$10,000
6,000
10,000
4,000

00
00
00
00

$30,000 00

Total Amount o f Loans with Each Specified Bate o f Interest, including
Deposits in Banks on Interest.

Amount.

Kate.

$29,310 67
42,000 00

3^ per cent.
4
“

Amount.

!

$39,200 00

Rate.

4£ per cent.

Amount.

$606,823 34

Rate.

5 per cent.

Number of loans which are of an amount not exceeding $3,000 each,. 343
Aggregate amount of the same............................................................................... $356,610 84
Total number of loans upon real estate,..................................................... 395
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 3 1 , 1 8 8 9 , ..............................................................
41,371 25
Rate and amount of each semi-annual dividend during the ) 2 per cent., 5
16,466 89
year ending Oct. 31, 1 8 8 9 , ..................................................... >2 per cent., I
16,952 56
Times for the dividends fixed by the by-laws : May 15 and November 15.
Number of accounts opened during the year ending Oct. 31, 1889,
. 446
Number of accounts closed during the year ending Oct. 31,1889,.
. 357
Total number of open accounts Oct. 31, 1889,
.
.
.
.
2,302
Expenses of the corporation for the year ending Oct. 31, 1889 (exclusive
of t a x e s ) , ...........................................................................................................
2,729 76
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 8 8 9 , ........................................................................................
182,350 87
Number of same...................................................................................... 1,919
Amount of withdrawals, including dividends, during the year ending Oct.
31, 1889,...................................................................................................................
156,411 96
Number of s a m e , ................................................................................1,436
Date of examination by commissioner: May 10.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

244

B A N K C O M M ISSIO N E R S’ R E P O R T .

[Jan.

Classification o f Deposits received during the Year ending Oct. 3 1 ,1 8 8 9 .
Num­

O f $50 and less,
Exceeding $50, and
more than $100, .
Exceeding $100, and
more than $200, .
Exceeding $200, and
more than $500, .
Exceeding $500, and
than $1,000, .
O f $1,000 or more, .

Num­

Amount.

ber.

ber.

1,268

$28,719 89

315

26,787 91

To the credit —
O f women, both adult
and minor,
O f guardians,
Of religious and charitable associations, .
In trust................................

not
not
139

21,957 49

132

49,180 80

35
30

24,704 78
31,000 00

1,919

$182,350 87

not

Amount.

864
5

$74,822 5»
2,700 00

47
6

4,988 43
3,424 09

less

Co m m o n w ea lth

of

M a s sa c h u s e t t s .
H a m p s h ir e ,

ss .,

N ov . 11, 1889.

Personally appeared Lewis Warner, Treasurer of the Hampshire Savings Bank, and
made oath that the foregoing statement, by him subscribed, is a true and correct state­
ment of all the resources and liabilities of said institution, and that the answers made by
him to the foregoing interrogatories contain the whole truth in reference to the matters
to which they relate, according to his best knowledge and belie'f.
Before me,

J o h n B. O ’D o n n e l l , Justice o f the Peace.

H a m p s h ir e ,

ss .,

N ov. 11, 1889.

Personally appeared Josephus Crafts, President, and W m . H. Dickinson, Orman S.
Clark, Ansel Wright, E. A. Edwards, J. H. Demond, W . A. Nash, H. A. Kimball and
E . F. Crooks, trustees of said corporation, and severally made oath that the annexed
report is correct, according to their best knowledge and belief.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Before me,

J oh n B. O’D o n n e l l , Justice o f the Peace.

1890.]

245

P U B L IC D O CU M EN T — No. 8.

H A V E R H IL L S A V IN G S B A N K — H A V E R H IL L .

Incorporated 1828.

Present number of corporators, 53.

G eo. A. K i m b a l l , President.

F r e d . W . C o f f in , Treasurer.
R a y m o n d N o y e s , Clerk o f the Corporation.

Names of committee charged with the investment of its funds:
G eo r g e A . K i m b a l l ,
E b e n M it c h e l l ,
W oodbu ry N o ye s.
.

Open for business every business day, 9 a . m . to 12 m ., 2 to 3.30
9 a . m . to 12 M.

B a l a n c e Sh e e t , O c t o b e r

except Saturday,

31, 1889.

L ia b il it ie s .

A ssets.

Public funds as per schedule, .
Loans on public funds,
Bank stock as per schedule,
Loans on bank stock,
Railroad bonds as per schedule,
Loans on railroad bonds, .
Loan on railroad stock,
Railroad notes, .
.
.
.
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
(n o te s ),....................................
Deposits in banks, on interest, .
Deposits in banks, not on interest,
Cash on hand................................

p .m .,

$671,800
38,200
491,650
61,100
515,000
2,000
3,000
75.000
5,431
1,006,925
1,413,456

00
00
00
00
00
00
00
00
65
00
00

35,400
180,935
20.000
4,970

00
28
00
00

Deposits, .
Guaranty fund,
Interest account,
Premium account,

$4,333,157
158,000
3,119
30,590

.

78
00
21
94

$4,524,867 93

$4,524,867 93

Cash on Deposit in Banks, amount in each: —
National Bank of Redemption, Boston,
.
.
.
.
Haverhill National Bank, H a v e r h ill,....................................
Second National Bank, H a v e r h i l l , ....................................

.

$88,748 82
67,186 46
45,000 00

.

$16,200
2,000
10,000
10,000

Loans on Public Funds, amount on each: —
On $18,000 United States bonds..................................................
On $2,000 State of New Hampshire bonds, .
.
.
.
On $10,000 City of Charlestown bonds,....................................
On $10,000 Town of Arlington b o n d s ,....................................


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

00
00
00
00

246

B A N K CO M M ISSIO N ERS’ R E PO R T.

[Jan.

Loans on Bank Stock, amount on each: —
On 100 shares Broadway National Bank, Boston,..................................................... $8,000
On 200 shares Broadway National Bank, Boston,.............................................
16,000
On 10 shares Tremont National Bank, B o s t o n ,.............................................
600
On 162 shares Cocheco National Bank, Dover, N. H ........................................
13,000
On 60 shares First National Bank, E a s to n ,......................................................
6,000
On 12 shares First National Bank, M e r r i m a c ,.............................................
1,200
On 100 shares Essex National Bank, H averh ill,.............................................
10,000
On 9 shares First National Bank, H a v e r h i l l , .............................................
8,000
On 22 shares Second National Bank, H a verh ill,.............................................
2,000
On 12 shares Haverhill National Bank, H a v e r h i l l , ....................................
1,000
On 25 shares Haverhill National Bank, Haverhill,
On 10 shares Blackstone National Bank, Boston,....................................I
2 500 00
On 10 shares Central National Bank, B o s t o n , ....................................j
On 10 shares Globe National Bank, Boston,.............................................J

00
00
00
00
00
00
00
00
00
00

Loans on Railroad Bonds, amount on each : —
On $1,000 Boston & Maine Railroad bon ds,......................................................$1,000 00
On $1,000 Old Colony Railroad bonds,...............................................................
1,000 00
Loan on Railroad Stock: —
On 50 shares Boston & Maine R a i l r o a d , ......................................................$3,000 00

Detailed Statement o f Public Funds.

»Par Value.

City of Boston, Mass , 4s,
Town of Brookline, Mass., 6 s,.
City of Cambridge, Mass., 4s, .
of Cleveland, Ohio, 5s,
of Dayton, Ohio, 4 s,.
of Dayton, Ohio, 5s, .
of Des Moines, Iowa, 4s, .
of Des Moines, Iowa, 5s, .
of Dover, N. H., 6s, .
of Fall River, Mass., 5s, .
of Fall River, Mass., 6s, .
of Haverhill, Mass , 5s, .
of Haverhill, Mass., 4s, .
of Haverhill, Mass., 3is, .
of Lawrence, Mass , 6s, .
of Lynn, Mass., 6s, .
of Lynn, Mass , 5s, .
of Nashua, N. IL, 6s,
of New Bedford, Mass., 4s,
of Pawtucket, R. I., 4s,
of Portsmouth, N. H., 6 s,.
of Somerville, Mass., 5s, .
Town of Winthrop, Mass., 7s,.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Estimated
Market Value.

Amount Invested.

$100,000 $109,000 00 $100,000 00
22,000 00
24,420 00
22,000
40,000 00
44,400 00
40,000
25,000 00
25,000
29,5(0 00
26,000 00 ' 25,000 00
25,000
20,400 00
20,000 00
20,000
25,000 00
25,000 00
25,000
15,000 00
15,450 00
15,000
49,541 00
46,300 00
46,300
46,400 00
40,000 00
40,000
10,000 00
11,200 00
10,000
29,280 00
28,000 00
28,000
35,000 00
36,400 00
35,000
30,000 00
30,000 00
30,000
28,000 00
28,500 00
28,000
11,400 00
10,000 00
10,000
5,900 00
5,000 00
5,000
35,000 00
36,225 00
35,000
26,000 00
25,000 00
25,000
25,000 00
26,750 00
25,000
51,500 00*
51,500
54,590 00
11,000 00
11,000
11,275 00
20,000 00
20,900 00
20,000
$671,800 $718,531 00 $671,800 00

*

A legal investment when made.

1890.]

247

P U B L IC DO CU M EN T — No. 8

No. of
Shares.

Detailed Statement o f Bank Stocks.

32
200
205
267
50
50
100
50
50
100
50
125
100
75
150
100
50
267
254
225
150
100
150
200
50
150
150
75
50
150
166
83
130
375
300
50
100

Par Value.

Andover N’l Bank, A ndover,.
Atlas National Bank, Boston,.
Blackstone N’l Bank, Boston,
Boston Nat’l Bank, Boston, .
Central Nat’l Bank, Boston, .
Columbian N’l Bank, Boston,
Continental N’l Bank, Boston,
Eliot National Bank, Boston,.
Everett Nat’l Bank, Boston, .
Faneuil Hall N’l Bank, Boston,
First National Bank, Boston,.
Fourth Nat’l Bank, Boston, .
Globe National Bank, Boston,
Hamilton Nat’l Bank, Boston,
Howard Nat’l Bank, Boston, .
Manufacturers’ N’l B’k,Boston,
Merchants’ N’l Bank, Boston,.
N’l B’k of No America, Boston,
N’l B’k of Redemption, Boston,
N’l B’k of the Republic, Boston,
National City Bank, Boston, .
National Eagle Bank, Boston,
Nat’l Exchange Bank, Boston,
N ’l Hide & Leather B’k,Boston,
Nat’l Webster Bank, Boston,.
No^th National Bank, Boston,
Shawmut Nat’l Bank, Boston,
Shoe & Leather N’l B’k,Boston,
State National Bank, Boston, .
Suffolk Nat’l Bank, Boston, .
Third National Bank, Boston,
Traders’ Nat’l Bank, Boston, .
First Nat’l Bank, Haverhill, .
Haverhill N’l B’k, Haverhill,.
Merrimack N’l B’k, Haverhill,
Bay State N’l B’k, Lawrence,
First National Bank, Malden.,

$3,200
20,000
20,500
26,700
5,000
5,000
10,000
5,000
5,000
10,000
5,000
12,500
10,000
7,500
15,000
10,000
5,000
26,700
25,400
22,500
15,000
10,000
15,000
20,000
5,000
15,000
15,000
7,500
5,000
15,000
16,600
8,300
13,000
37,500
30,000
3,750
10,000

Estimated
Market Value.

$4,160 00
23,600 00
22,755 00
32,574 00
6,750 00
6,075 00
12,250 00
6,500 00
5,100 00
14,300 00
12,125 00
14,687 50
9,850 00
9,375 00
16,500 00
10,500 00
7,275 00
32.574 00
34,163 00
37,125 00
14,250 00
10,300 00
19,125 00
24,000 00
5,000 00
20,850 00
19,050 00
7,050 00
6,050 00
17,250 00
17,347 00
7,885 00
20,150 00
61,875 00
49,500 00
6,000 00
13,500 00

Amount Invested.

$3,200 00
20,000 00
20,500 00
26,700 00
5,000 00
5,000 00
10,000 00
5,000 00
5,000 00
10,000 00
5,000 00
12,500 00
10,000 00
7,500 00
15,000 00
10,000 00
5,000 00
26,700 00
25,400 00
22,500 00
15,000 00
10,000 00
15,000 00
20,000 00
5,000 00
15,000 00
15,000 00
7,500 00
5,000 00
15,000 00
16,600 00
8,300 00
13,000 00
37,500 00
30,000 00
3,750 00
10,000 00

$491,650 $637,420 50 $491,650 00

Detailed Statement o f Railroad Bonds.

Par Value.

Androscoggin & Kennebec R.R. 6s,
Boston & Lowell R.R. 4s,
Boston & Lowell R.R. 7s,
Boston & Maine R.R. 7 s,.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Estimated
Market Value.

$25,000
$25,320
39,000 . 40,755
2,675
2,500
83,500
93,520

00
00
00
00

Amount Invested.

$25,000
39,000
2,500
83,500

00
00
00
00

248

B A N K CO M M ISSIO N ERS’ R E P O R T .

[Jan.

Detailed Statement o f Railroad Bonds— Concluded.

Par Value.

Estimated
Market Value.

Amount Invested.

$141,000 $152,280 00 $141,000 00
15,000 00
15,000
15,000 00
50,000 00
50,000
48,000 00
50,000 00
50,000
50,000 00
42,750 00
38,000 00
38,000
10,000 00
10,000
12,350 00
5,650 00
5,000 00
5,000
15,000 00
17,075 00
15,000
25,000 00
25,000
27,125 00
10,000 00
11,050 00
10,000
6,000 00
6,000
6,480 00

Boston & Providence R.R. 4s, .
Dexter & Piscataqiüs R.R. 4s, .
Fitchburg R.R. 4s, .
Fitchburg R.R. 4*s, .
.
.
.
Leeds & Farmington R.R. 6s, .
Maine Central R.R. 7s,
Old Colony R.R. 7s, .
Old Colony R.R. 6s, .
Old Colony R.R. 4s, .
Portland & Kennebec R.R. 6s,.
West Amesbury Branch R.R. 7s,

$515,000

$550,030 00 $515,000 00

Total Amount o f Loans with Each Specified Rate o f Interest, including
Deposits in Banks on Interest.

Amount.

$135,935
15.000
75.000
519,000

28
00
00
00

Rate.

2i per cent.
3Ï
“
3J
“
4
“

Amount.

$311,000
40.000
344,800
30.000

Rate.

00
00
00
00

44 per cent.

If

“

Amount.

$228,700
633,656
51,350
431,575

Rate.

00
00
00
00

4| $er cent.
5
5à “
6

Value, by books, of real estate, held by foreclosure or otherwise,
Assessed value of the s a m e ,................................................................................
Net income received from same during year ending Oct. 31, 1889,
Number of loans which are of an amount not exceeding $3,000 each, . 441
Aggregate amount of the s a m e , ........................................................................
Total number of loans upon real e s t a t e , .............................................478
Gross amount of interest or profits received or earned, as per books, during
year ending Oct. 31, 1889.....................................................................................
Rate and amount of each semi-annual dividend during the ) 2 per cent., (
year ending Oct. 31, 1889...........................................................> 2£ per cent., 1
Times for the dividends fixed by the by-laws : third Wednesday in April
and October.
Number of accounts opened during the year ending Oct. 31, 1889,
1,654
Number of accounts closed during the year ending Oct. 31, 1889,
1,374
Total number of open accounts Oct. 31, 1889,
.
.
.
.
12,537
Expenses of the corporation for the year ending Oct. 31, 1889 (exclusive of
ta x e s ),.................................... • ..........................................................................
Amount of deposits, not including dividends, received during the year end­
ing Oct. 31, 1889,
9,496
Number of same,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$5,431 65
4,350 00
208 04
559,681 00

226,370 78
80,254 28
101,890 34

7,013 30
617,311 00

1890.]

249

P U B L IC D O CU M EN T — No. 8.

Amount of withdrawals, including dividends, during the year ending Oct.
31, 1889.....................................................................................................................$633,572 46
Number of s a m e , ............................................................................... 7,607
Date of examination by commissioner: September 13.

Classification o f Deposits received during the Year ending Oct. 3 1 ,1 8 8 9 .

O f $50 and less,
Exceeding $50, and
more than $100, .
Exceeding $100, and
more than $200, .
Exceeding $200, and
more than $500, .
Exceeding $500, and
than $1,000, .
O f $1,000 or more, .

Num­
ber.

Amount.

7,196

$158,821 00

1,185

99,499 00

554

86,142 00

394

139,326 00

113
54

78,523 00
55,000 00

9,496

$617,311 00

not
not

Amount.

4,965
9

$313,364 00
4,059 00

118
76

15,709 00
9,653 00

less

C o m m o n w e a lt h
E ssex,

To the credit —
O f women, both adult
and minor,
O f guardians,
O f religious and char­
itable associations, .
In trust, .
.
.
.

not

Num­
ber.

ss .

of

M assachusetts .

*

H a v e r h il l , N ov. 11, 1889.

Personally appeared Fred. W . Coffin, Treasurer of the Haverhill Savings Bank, and
made oath that the foregoing statement, by him subscribed, is a true and correct state­
ment of all the resources and liabilities of said institution, and that the answers made by
him to the foregoing interrogatories contain the whole truth in reference to the matters
to which they relate, according to his best knowledge and belief.
Before me,
E sse x ,

ss .

W

alter

S. G oodell , Justice o f the Peace.
H a v e r h il l , N ov . 11, 1889.

Personally appeared George A . Kimball, President, and Woodbury Noyes, Eben
Mitchell, Thomas S. Ruddock, Ira A. Abbott and R. Stuart Chase, trustees of said
corporation, and severally made oath that the annexed report is correct, according to
their best knowledge and belief.
Before me,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

W a l t e r S. G oodell , Justice o f the Peace.

250

B A N K CO M M ISSIO N ERS’ R E P O R T .

[Jan.

H A Y D E N V IL L E S A V IN G S B A N K — H A Y D E N V IL L E .
Incorporated March 17, 1869.

Present number of corporators, 76.

E l n a t h a n G r a v e s , President.

B . S. J o h n s o n , Treasurer.

H e n r y C. S m i t h , Clerk o f the Corporation.

Names of committee charged with the investment of its funds :
T h os. M . Ca r t e r ,

C. D . "W a i t e ,

B y r o n L o o m is ,

G eorge M a r k s ,

F.

S. W

arner.

Open for business every business day, 10 a . m . to 12

B alan ce Sh e e t , October

A ssets.

m

., 2 to 4 p . m .

31, 1889.

L ia b il it ie s .

Public funds as per schedule, .
Bank stock as per schedule,
Railroad bonds as per schedule,
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
( n o te s ),....................................
Loans on depositors’ books,
Deposit in bank, on interest,
Deposit in bank, not on interest,
Expense account,
Cash on hand, .
.
.
.

$21,179
47,974
10,894
700
146,367
41,174

55
96
39

13,185
755
1,625
13
357
1,106

00
00
19
21
47
98

00

83
76

Deposits, .
Guaranty fund,
Interest account,
Profit and loss ac­
count, .
. . .

$285,334 34

$274,841 11
7,282 92
1,443 31
1,767 00

$285,334 34

Cash on Deposit in Banks, amount in each : —
Hampshire County National Bank, N o r t h a m p t o n ,.................................... $1,625 19
First National Bank, N o r t h a m p to n ,...............................................................
13 21

Detailed Statement o f Public Funds.

Par Value.

City of Holyoke, Mass., 7s,
of Charlestown, Mass., 6s,


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Federal Reserve Bank of St. Louis

Estimated
Market Value.

Amount Invested.

$15,000
5,000

$16,350 00
5,150 00

$16,179 55
5,000 00

$20,000

$21,500 00

$21,179 55

251

P U B L IC D O C U M E N T — No. 8.

1890.]

Detailed Statement o f Bank Stocks.
wi
OO
Par Value.

-

£ I
50
59
10
50
37
50
43
52
10
34

First Nat’l Bank, Amherst, .
Conway Nat’l Bank, Conway,
Chicopee N’l B’k, Springfield,
City National Bank, Holyoke,
Hampshire County National
Bank, Northampton, .
Home Nat’l Bank, Holyoke, .
First N’l Bank, Easthampton,
First N’l Bank, Northampton,
First Nat’l Bank, Springfield,
Southington National Bank,
Southington, Conn., .

Estimated
Market Value.

Amount Invested.

$5,000
5,900
1,000
5,000

$7,500
7,080
1,750
5,550

00
00
00
00

$7,520
6,607
1,700
5,625

00
80
00
00

3,700
5,000
4,300
5,200
1,000

4,440
5,500
6,020
8,840
1,450

00
00
00
00
00

4,481
5.000
5,290
6,765
1,450

66
00
00
50
00

3,400

3,536 00

3,535 00

$39,500

$51,666 00

$47,974 96

Detailed Statement o f Railroad Bonds.

Par Value.

Boston & Albany R.R. 7s,
Fitchburg R.R. 5s, .
Fitchburg R.R. 4s, .

Estimated
Market Value.

Amount Invested.

$5,000
3.000
2.000

$5,450 00
3,241 67
1,915 22

$5,737 50
3,241 67
1,915 22

$10,000

$10,606 89

$10,894 39

Total Amount o f Loans with Each Specified Rate o f Interest, including
Deposits in Bank on Interest.

Amount.

Rate.

Amount.

Rate.

Amount.

Rate.

$1,625 19
1,460 00

3^ per cent.
3|
“

$4,500 00
17,225 00

4^ per cent.
5
“

$178,297 59

6 per cent.


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Federal Reserve Bank of St. Louis

O
O

Value, by books, of real estate, held by foreclosure or otherwise,
Assessed value of the s a m e ,...............................................................•
•
Net income received from same during year ending Oct. 31, 1889,
Number of loans which are of an amount not exceeding $3,000 each, . 360
Aggregate amount of the same,
.
.
.
.
.
.
.
Total number of loans upon real estate, .
.
.
.
. . . .
210
Amount of investments from which no income is received, .
.
.
.
Gross amount of interest or profits received or earned, as per books, during
year ending Oct. 31, 1 8 8 9 , ...............................................................................

00
1.100 00
5 00

177,782 59
3,055 81
1-4,843 31

252

[Jan.

B A N K CO M M ISSIO N ERS’ R E PO R T.

•
Rate and amount of each semi-annual dividend during the 1 2 per cent., f
year ending Oct. 31, 1 8 8 9 , ..................................................... J 2| per cent., i
Times for the dividends fixed by the by-laws : second Tuesday in January
and July.
Number of accounts opened during the year ending Oct. 31, 1889,
. 127
Number of accounts closed during the year ending Oct. 31, 1889,
. 108
Total number of open accounts Oct. 31, 1 8 8 9 , .................................... 951
Expenses of the corporation for the year ending Oct. 31,1889 (exclusive of
ta x e s ),....................................................................................................................
Amount of deposits, not including dividends, received during the year end­
ing Oct. 31, 1889, .
...............................................................................
Number of same,
.
687
Amount of withdrawals, including dividends, during the year ending Oct.
31, 1889,...................................................................... " .......................................
Number of s a m e , ........................................................................................ 655
Date of examination by commissioner : February 7.

$5,299 48
6,117 84

1,349 24
51,949 87

52,930 59

Classification o f Deposits received during the Year ending Oct. 3 1 , 1 889.
Num­
ber.
O f $50 and less,
Exceeding $50, and not
more than $100, .
Exceeding $100, and not
more than $200, .
Exceeding $200, and not
more than $500, .
Exceeding $500, and less
than $1,000, .
O f $1,000 or more, .

Num­

Amount.

475

$9,853 70

108

8,811 65

52

8,454 54

36

11,976 57

9
7

5,853 41
7,000 00

687

$51,949 87

ber.
T o the credit —
Of women, both adult
and minor,
Of religious and chari­
table associations, .
In trust................................

Amount.

170

$14,648 49

12
46

917 29
6,523 43

C o m m o n w e a l t h of M a s s a c h u s e t t s .
H a m p s h i r e , s s ., N o v . 12, 1889.

Personally appeared B. S. Johnson, Treasurer of the Haydenville Savings Bank, and
made oath that the foregoing statement, by him subscribed, is a true and correct state­
ment of all the resources and liabilities of said institution, and that the answers made by
him to the foregoing interrogatories contain the whole truth in reference to the matters
to which they relate, according to his best knowledge and belief.
Before me,

W i l l i s W . S t r o n g , Justice o f the Peace.

H a m p s h i r e , s s ., N ov . 12, 1889.

Personally appeared Elnathan Graves, President, and Chas. D. Waite, H. C. Smith,
B. W . Banks, Byron Loomis and George Marks, trustees of said corporation, and sev­
erally made oath that the annexed report is correct, according to their best knowledge
and belief.
Before me,
W i l l i s W . S t r o n g , Justice o f the Peace.


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Federal Reserve Bank of St. Louis

253

P U B L IC DO CU M EN T — No. 8.

1890.]

H IN G H A M IN S T IT U T IO N FOR S A V IN G S — H IN G H A M .

Incorporated April 2, 1834.

Present number of corporators, 58.
H e n r y C. H a r d i n g , Treasurer.

D a n i e l B a s s e t t , President.

H e n r y C. H a r d i n g , Clerk o f the Corporation.

Names of committee charged with the investment of its funds:
D a n ie l B asse tt ,

E l ij a h Sh u t e ,

Jo s e p h S p r a g u e ,

E d m u n d H e r s e y , 2d.

Open for business every business day, 8

B alance

a .m .

to 12

Sh e e t , O cto b e r

m .,

1.30 to 4

p .m .

31, 1889.

L ia b il it ie s .

A ssets.

Public funds as per schedule, .
Loans on public funds,
Bank stock as per schedule,
Railroad bonds as per schedule,
Loans on railroad bonds, .
Railroad notes, .
.
.
.
Real estate (for banking pur­
poses), ....................................
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
(notes)........................................
Deposit in bank, on interest;
Deposits in banks, not on interest,
Expense account,
Lawrence Duck Co. stock,*
Boston & Provincetown Steam­
ship Co. stock,*
Cash on hand.................................

$95,000
3,600
150,293
45,000
51,000
25,000
3,000
13,000
876,567
660,500
60,300
26,338
10,931
2,493
25,000

00
00

50
00
00
00

Deposits, .
Guaranty fund,
Profit and loss account,
Suspense account, .

$1,954,214 85
60,700 00
34,098 27
40 50

00
00
00

34
00

61
13
46
00

300 00
729 58
$2,049,053 62

$2,049,053 62

* To secure indebtedness.

Cash on Deposit in Banks, amount in each: —
Ilingham National Bank, H i n g h a m ,............................................................... $6,895 35
Shoe and Leather National Bank, B o s t o n ,......................................................
26,338 61
National Webster Bank, B o s to n ,.......................................................................
4,035 78


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Federal Reserve Bank of St. Louis

254

B A N K CO M M ISSIO N ERS’ R E PO R T.

[Jan.

Loans on Public Funds, amount on each: —
On $1,000 United States 4 s , .....................................................
On $1,000 United States 4s and $2,000 United States 4^s,
On $100 United States 4 s , ......................................................

$ 1,000 00
2,500 00
100 00

Loans on Railroad Bonds, amount on each: —
On $50,000 Worcester, Nashua & Rochester R.R. 4s, .
On $1,000 Old Colony R.R. 6s , .............................................

$50,000 00
1,000 00

Detailed Statement o f Public Funds.

Tar Value.

City of Boston, Mass., 4s,
of Des Moines, Iowa, 4|s,
of East Saginaw, Mich., 6s,

Estimated
Market Value.

Amount Invested.

$50,000
25.000
20.000

$52,500 00
25.000 00
21.000 00

$50,000 00
25.000 00
20.000 00

$95,000

$98,500 00

$95,000 00

No. of

Shares.

Detailed Statement o f Bank Stocks.

178
7
20
16
28
80
38
75
54
82
100
50
46
42
36
8

75
20
80
75
112
100
26
36
100
50
60

Tar Value.

Hingham N’l Bank, Hingham,
Abington N’l Bank, Abington,
Brockton N’l Bank, Brockton,
Old Colony N’l B’k, Plymouth,
Union Nat’l Bank, Weymouth,
First National Bank, Chelsea,
Atlantic Nat’l Bank, Boston,
Atlas National Bank, Boston,
National City Bank, Boston, .
N’l B’k of Commerce, Boston,
National Eagle Bank, Boston,
First National Bank, Boston,
Globe National Bank, Boston,
Hamilton Nat’l Bank, Boston,
Market Nat’l Bank, Boston, .
Massachusetts N’l B’k, Boston,
Merchants’ N’l Bank, Boston,
New England N’l B’k, Boston,
N’l B’k of No. America, Boston,
N’l B’k of the Republic, Boston,
National Revere Bank, Boston,
Shoe & Leather N’l B’k, Boston,
State National Bank, Boston,
Suffolk Nat’l Bank, Boston, .
Tremont Nat’l Bank, Boston,
National Union Bank, Boston,
Nat’l Webster-Bank, Boston,


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Federal Reserve Bank of St. Louis

Estimated
Market Value.

Amount Invested.

$12,460
700
2,000
1,600
2,800
3,000
3,800
7,500
5,400
8,200
10,000
5,000
4,600
4,200
• 8,600
2,000
7,500
2,000
8,000
7,500
11,200
10,000
2,600
3,600
10,000
5,000
6,000

$13,261 00 $12,460 00
882 00
687 00
2,230 00
2,000 00
2,400 00
1,600 00
3,136 00
2,800 00
3,900 00
3,000 00
5,415 00
3,800 00
8,850 00
7,500 00
5,130 00
5,400 00
10,578 00
8,200 00
10,800 00
10,000 00
12,125 00
5,000 00
4,531 00
4,600 00
5,124 00
4,200 00
3,528 00
3,600 00
2,180 00
2,000 00
10,912 50
7,500 00
3,240 00
2,000 00
9,760 00
8,000 00
12,375 00
7,500 00
13,888 00
11,200 00
9,400 00
10,046 50
3,146 00
2,600 00
4,140 00
3,600 00
11,350 00
10,000 00
7,150 00 - 5,000 00
6,000 00
6,000 00

$150,260

$184,931 50 $150,293 50

1890.]

P U B L IC D O C U M E N T — No. 8.

255

Detailed Statement of Railroad Bonds.

Par Value.

Boston & Albany R.R. 7s,
Boston & Lowell B.R. 7s,
Eastern R.R. 6s,
. . .
Boston & Maine R.R. 7 s,.
Old Colony R R , 7s,.

*A

Estimated
Market Value.

$10,000
10,000
5,000
10.000
10,000

$10,750
10,700
6,300
11,200
11,300

00
00
00
00
00

$45,000

$50,250 00

Amount Invested.

$10,000
10,000
5,000
10,000
10,000

00
00
00*
00
00

$45,000 00

legal investment when made.

Total Amount o f Loans with Each Specified Rate o f Interest, including
Deposits in Banks on Interest.

Amount.

$36,775
26,338
80,000
25,000
115,000

Rate.

Amount.

Rate.

34
61

0 per cent.
2è
“

$66,700 00
379,700 00

00

4
4i
4|

595,400 00
67,750 00

4f per cent.
4*
“
4|
“
5
H
“

00
00

“
“
“

100,000 00

Amount.

$152,717
31,000
26,675
250

00
00
00
00

Rate.

6 per cent.
6è
“

7

7JL
10

Amount invested in real estate for banking purposes.......................................
Estimated value of the sam e,............................................
Assessed value of the same.....................................................................................
Value, by books, of other real estate, held by foreclosure or otherwise,
Assessed value of the s a m e ,.................................................................................
Net income received from same during year ending Oct. 31, 1889,
Number of loans which are of an amount not exceeding $3,000 each, . 312
Aggregate amount of the s a m e , ........................................................................
Total number of loans upon real e s t a t e , .............................................383
Amount of investments from which no income is received, .
.
.
.
Gross amount of interest or profits received or earned, as per books, during
year ending Oct. 31, 1 8 8 9 , ................................................................................
Rate and amount of each semi-annual dividend during the 1 2 per cent., f
year ending Oct. 31, 1 8 8 9 ,..................................................... I 2 per cent., 1
Times for the dividends fixed by the by-laws: first Tuesday in January
and July.
Number of accounts opened during the year ending Oct. 31, 1889,
. 366
Number of accounts closed during the year ending Oct. 31, 1889,
. 327
4,200
Total number of open accounts Oct. 31, 1889....................................
Expenses of the corporation for the year ending Oct. 31, 1889 (exclusive of
taxes).......................................................................................................................
Amount of deposits, not including dividends, received during the year end­
ing Oct. 31, 1889................................................ ........ ............................................
Number of same....................................................................................... 1,859
Amount of withdrawals, including dividends, during the year ending Oct.
31, 1 8 8 9 , ..........................................................................................................
Number of same...................................................................................... 1,888
Date of examination by commissioner: October 4.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

•<

$3,000
3,000
2,500
13,000
14,470
354

00
00
00
00
00

09

292,332 00
36,900 00
99,016 91
37,910 55
37,834 55

3,672 11
163,848 51

217,127 87

256

B A N K CO M M ISSIO N E R S’ R E PO R T.

[Jan.

Classification o f Deposits received during the Year ending Oct. 3 1 ,1 8 8 9 .
Number.

ber.
O f $50 and less,
Exceeding $50, and
more than $100, .
Exceeding $100, and
more than $200, .
Exceeding $200, and
more than $500, .
Exceeding $500, and
than $1,000, .
O f $1,000 or more, .

1,265

$26,101 36

275

23,556 35

147

23,601 45

117

42,466 99

25
30

18,122 36
30,000 00

1,859

$163,848 51

not
not
not

To the credit —
O f women, both adult
and minor,
O f guardians,
O f religious and charitable associations, .
In trust; .
.
.
.

Amount.

890
10

$79,727 30'
1,085 73

42
301

5,210 32:
18,556 22

less

C o m m o n w e a l t h of M a s s a c h u s e t t s .
P l y m o u t h , s s ., N ov . 11, 1889.

Personally appeared Henry C. Harding, Treasurer of the Hingham Institution for
Savings, and made oath that the foregoing statement, by him subscribed, is a true and
correct statement of all the resources and liabilities of said institution, and that the
answers made by him to the foregoing interrogatories contain the whole truth in refer­
ence to the matters to which they relate, according to his best knowledge and belief.
Before me,

C h a r l e s W . S. S e y m o u r , Justice o f the Peace.

P l y m o u t h , s s ., N ov . 11, 1889.

Personally appeared Daniel Bassett, President, and Joseph Sprague, Enos Loring,
Edmund Hersey, 2d, and Charles Siders, trustees of said corporation, and severally made
oath that the annexed report is correct, according to their best knowledge and belief.
Before me,
C h a r l e s W . S. S e y m o u r , Justice o f the Peace.
P l y m o u t h , s s ., N ov . 11, 1889.

Personally appeared Joseph Ripley, a trustee of said corporation, and made oath that
the annexed report is correct, according to his best knowledge and belief.
Before me,


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Federal Reserve Bank of St. Louis

E d m u n d H e r s e y , 2d, Justice o f the Peace.

257

PTTRTJf! DOCUMENT — No. 8

H O LL IST O N SA V IN G S B A N K — H O LL IST O N .
Incorporated 1872.

Present number of corporators, 61.

D a n i e l C . M o w r y , President.

O r r i n T h o m s o n , Treasurer.

O r r i n T h o m s o n , Clerk o f the Corporation.

Names of committee charged with the investment of its funds:
J. M . B a t c h e l d e r ,

H enry Bullard,

U r ie l C u t l e r ,

0 . W . G a ssett,
J. F . F i s k e .

Open for business every business day, 9 a . m . to 12 m ., 1.30 to 3.30
9 a . m . to 12 M.

B alance

Sh e e t , O ctober

p .m

., except Saturday,

31, 1889.

L ia b il it ie s .

A ssets.

Public funds as per schedule, .
Bank stock as per schedule,
Loans on bank stock,
Railroad bonds as per schedule,
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
( n o t e s ) ,....................................
Loans on depositors’ books,
Deposits in banks, on interest,
Deposits in banks, not on interest,
Expense account,
Framingham Savings’ Bank
deposit book,*
Premium account,
Cash on hand, .
.
.
.

$4,000
25,326
4,890
11,700
5,301
243,501
8,065

00
00
00
00
00
00
00

28,000
1,164
22.789
5,000
1,365

44
08
00
82

$346,492 47
15,000 00
6,445 65

Deposits, .
Guaranty fund,
Interest account,

00

646 13
2,075 00
4,114 65
$367,938 12

$367,938 12

* Taken

to secure indebtedness.

Cash on Deposit in Banks, amount in each: —
National Bank of the Commonwealth, Boston,
Holliston National Bank, Holliston,

.

$14,631 49
13,157 59

Loans on Bank Stock, amount on each: —
On 1 share Holliston National Bank, Holliston, .
On 5 shares Holliston National Bank, Holliston, .
On 14 shares Holliston National Bank, Holliston,
On 20 shares Holliston National Bank, Holliston,
On 25 shares Holliston National Bank, Holliston,
On 35 shares Central National Bank, Boston,


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Federal Reserve Bank of St. Louis

$100 00

100 00
1,100 00

500 00
1,500 00
1,590 00

258

B A N K CO M M ISSIO N ERS’ R E P O R T .

[Jan

Detailed Statement o f Public Funds.

Par Value.

•
City of Worcester, Mass., 6s, .

$4,000

Estimated
Market Value.

Amount Invested.

$4,000 00

14,320 00

No. of

Shares.

Detailed Statement of Bank Stocks.

Par Value.

25 Traders’ Nat’l Bank, Boston,
24 State National Bank, Boston,
7 Blackstone N’l Bank, Boston,
17 N’l B’kof the Commonwealth,
Boston,
. . . .
30 Home Nat’l Bank, Brockton,
30 Franklin N’l Bank, Franklin,
6 Framingham National Bank,
South Framingham, .
— South Framingham National
Bank, South Framingham,
89 Holliston N’l Bank, Holliston,
10 People’s N’l B’k,Marlborough,
15 Blue Hill Nat’l Bank, Milton,

Estimated
Market Value.

Amount Invested.

$2,500
2,400
700

$2,375 00
3,072 00
777 00

$2,500 00
2,400 00
700 00

1,700
3,000
3,000

2,822 00
3,600 00
3,450 00

1,700 00
3,000 00
3,000 00

600

900 00

600 00

8,900
1,000
1,500

10,235 00
1,150 00
1,725 00

26
8,900
1,000
1 500

$25,300

$30,106 00

$25,326 00

00*
00
00
00

* This bank is in process of liquidation.
Detailed Statement o f Railroad Bonds.

Par Value.

Salem & Lowell R.R. 6s,
Fitchburg R.R. 5s, .
Old Colony R.R. 5s,

Estimated
Market Value.

Amount Invested.

$5,700
4,000
2,000

$6,270 00
4,200 00
2,000 00

$5,700 00
4,000 00
2,000 00

$11,700

$12,470 00

$11,700 00

Total Amount o f Loans with Each Specified Rate o f Interest, including
Deposits in Banks on Interest.

Kate.

Amount.

$14,631 49
8,157 59

2 per cent.
2è
“


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Amount.

$24,000 00
•18,824 44

Kate.

3J per cent.
5
“

Amount.

$32,900 00
209,896 00

Kate.

5^ per cent.
6
“

1890.]

259

P U B L IC D O C U M E N T — No. 8.

,

.

$5,301
Value, by books, of real estate, held by foreclosure or otherwise,
6,700
.
Assessed value of the s a m e ,..............................................................
153
.
Net income received from same during year ending Oct. 31, 1889,
Number of loans which are of an amount not exceeding $3,000 each , 259
193,601
Aggregate amount of the s a m e , ......................................................
. 268
Total number of loans upon real e s t a t e , ....................................
1,711
Amount of investments from which no income is received, .
Gross amount of interest or profits received or earned, as per books, during
22,487
.
year ending Oct. 31, 1 8 8 9 , ...............................................................
7,130
Rate and amount of each semi-annual dividend during the £ 2 per cent., 5
7,039
year ending Oct. 31, 1889...........................................................>2 per cent., (
Times for the dividends fixed by the by-laws : first Tuesday in June and
December.
Number of accounts opened during the year ending Oct. 31, 1889,
. 118
Number of accounts closed during the year ending Oct. 31, 1889,
. 169
Total number of open accounts Oct. 31, 1889,
.
.
.
.
1,188
Expenses of the corporation for the year ending Oct. 31, 1889 (exclusive
of t a x e s ) , ...........................................................................................................
1,872
Amount of deposits, not including dividends, received during the year end­
ing Oct. 31, 1889...............................................................................................................
Number of s a m e , ......................................................................................... 584
Amount of withdrawals, including dividends, during the year ending Oct.
31, 1889....................................................................................................................
81,357
Number of s a m e ,..........................................................................................939
Date of examination by commissioner: February 4.

00
00

95
00

13
90
06
72

71
87

24

Classification of Deposits received during the Year ending Oct. 3 1 ,1 8 8 9 .
Num­
ber.
O f $50 and less,
Exceeding $50, and
more than $100, .
Exceeding $100, and
more than $200, .
Exceeding $200, and
more than $500, .
Exceeding $500, and
than $1,000, .
O f $1,000 or more, .

Num­

Amount.

ber.

424

$8,328 45

61

4,790 28

41

6,540 96

41

14,073 00

9
8

6,340 49
8,238 69

584

$48,311 87

not
not
not

To the credit —
O f women, both adult
and minor,
Of guardians,
O f religious and char­
itable associations, .
In trust, .
.
.
.

Amount.

319
5

$23,593 63
408 85

13
28

574 43
5,386 99

less

COIVJMONWEALTH OF MASSACHUSETTS.
M id d d e s e x ,

H o l l is t o n , N ov . 16, 1889.

ss .

Personally appeared Orrin Thomson, Treasurer of the Holliston Savings Bank,
and made oath that the foregoing statement, by him subscribed, is a true and correct
statement of all the resources and liabilities of said institution, and that the answers made
by him to the foregoing interrogatories contain the whole truth in reference to the
matters to which they relate, according to his best knowledge and belief.
Before me,
M id d e s e x ,

ss .

M a u r ic e F. C o u g h l in , Justice o f the Peace.
H o l l is t o n , N ov . 16, 1889.

Personally appeared Daniel C. Mowry, President, and James F. Fiske, J. M. Batchelder, Uriel Cutler, C. F. Thayer and 0 . W . Gassett, trustees of said corporation, and
severally made oath that the annexed report is correct, according to their best knowl­
edge and belief.
Before me,
M a u r ic e F. C o u g h l in , Justice o f the Peace.


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Federal Reserve Bank of St. Louis

260

[Jan.

B A N K C O M M ISSIO N E R S’ R E P O R T .

H O L Y O K E S A V IN G S B A N K — H O L Y O K E .
Incorporated 1855.

Present number of corporators, 96.
R. B. J o h n so n , Treasurer.
C. W . J o h n so n , Clerk o f the Corporation.

G e o r g e W . P r e n t is s , President.

Names of committee charged with the investment of its funds:
G eo . W . P r e n t is s ,
W m . W h it in g ,

L e v i P e r k in s ,

C. H. S m i t h .

Open for business every business day, 9

a .m .

to 4 p . m ; also Saturday, 7 to 9 p . m .

31, 1889.

B a l a n c e Sh e e t , O c to b er

A ssets.

Public funds as per schedule, .
Loan on public funds,
Bank stock as per schedule,
Loans on bank stock,
Railroad bonds as per schedule,
Loans on real estate, .
Loans on personal security,
Deposits in banks, on interest, .
Expense account,
Furniture and fixtures,
Cash on hand, .
.
.
.

L ia b il it ie s .

$77,400
600
235,300
5,940
213,500
1,199,271
403,935
145,405
2,172

00

Deposits, .
Guaranty fund,
Interest account,

00

00
00
00

$2,214,459 92
58,000 00
50,984 35

00

00
08
37

2,000 00

37,920 82
$2,323,444 27

$2,323,444 27

Cash on Deposit in Banks, amount in each : —
Agawam National Bank, S p rin g fie ld ,....................................
Safety Fund National Bank, Fitchburg,
.
.
.
.
Hampshire County National Bank, Northampton,
Home National Bank, H o l y o k e ,............................................
Holyoke National Bank, H o l y o k e , ...................................
Maverick National Bank, Boston,............................................
Springfield Safe Deposit and Trust Company, Springfield,

.

$ 10,000 00
5,000 00
15,000 00
10,000 00

77,036 03
18,369 05
10,000 00

Loan on Public Funds : —
On $600 United States 4s,

.

.

.

.

$600 00

Loans on Bank Stock, amount on each : —
On 2 shares Agawam National Bank, Springfield,
On 2 shares Third National Bank, Springfield,
On 26 shares Palmer National Bank, Palmer,
On 34 shares Holyoke National Bank, Holyoke, .
On 10 shares City National Bank, Holyoke, .
On 10 shares Home National Bank,«Holyoke,
On 3 shares Hadley Falls National Bank, Holyoke,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$140 00
200 00

2,600 00
1,400 00
300 00
11

1,300 00

1890.]

261

P U B L IC D O CU M EN T — No. 8

Detailed Statement o f Public Funds.

Par Value.

United States 4|s, . . . .
United States 4s,
United States 6s, . .
Commonwealth of Massachusetts 5s,
City of Boston, Mass., 4s,
of Boston, Mass., 6s,
of Holyoke, Mass., 7s,
of Holyoke, Mass., 6s,
of Fall River, Mass., 6s, .
of Chelsea, Mass., 6s,

$400
1,500
10,000
13.000
25.000
3.000
12,500
8.000
3.000
1.000
$77,400

Estimated
Market Value.

$416
1,900
12,000
14,090
27,000
3,750
13,750
9.300
3.300
1,100

00
00
00
00
00
00
00
00
00
00

$86,606 00

Amount Invested.

$400
1,500
10,000
13.000
25.000
3.000
12,500
8.000
3.000
1.000

00
00
00
00
00
00
00
00
00
00

$77,400 00

No. of

Shares.

Detailed Statement o f Bank Stocks.

22 First National Bank, Adams,.
50 First Nat’l Bank, Amherst,
20 Miller’s River N’l B’k, Athol,
20 First Nat’l Bank, Chicopee, .
57 Conway N’l Bank, Conway, .
42 First N’l Bank, Easthampton,
37 Rollstone N’l B’k, Fitchburg,
33 FranklinCo N’l B’k,Greenfield,
5 First Nat’l Bank, Greenfield, .
2 First Nat’l Bank, Haverhill, .
8 City Nat’l Bank, Holyoke,
356 Holyoke Nat’l Bank, Holvoke,
192 Hadley Falls N’l B’k, Holyoke,
Merrimack N’l B’k, Haverhill,
1
17 Railroad Nat’l Bank, Lowell,
25 Monson Nat’l Bank, Monson,
100 Northampton National Bank,
Northampton,
Hampshire County National
20
Bank, Northampton, .
151 First N’l Bank, Northampton,
5 First N’l Bank, Newburyport,
38 Palmer Nat’l Bank, Palmer, .
11 Pittsfield N’l Bank, Pittsfield,
50 Agawam N’l B’k, Springfield,
80 Chicopee N’l B’k, Springfield,
15 Citv Nat’l Bank, Springfield,
178 First Nat’l Bank, Springfield,
50 Second N’l Bank, Springfield,


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Federal Reserve Bank of St. Louis

Par Value.

Estimated
Market Value.

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

Amount Invested.

$2,200
5,000
2,000
2,000
5,700
4,200
3,700
3,300
500
200
800
35,600
19,200
100
1,700
2,500

$3,000
7,500
3,500
3,000
6,555
5,000
5,900
3,300
875
300
840
53,400
28,800
150
2,000
. 3,750

10,000

17,000 00

13,900 00

2,000
15,100
500
3,800
1,100
5,000
8,000
1,500
17,800
5,000

2,400
18,875
500
4,700
1,540
6,000
12,800
1,875
24,920
8,000

2,000
18,400
500
3,800
1,100
5,000
9,800
1,500
21,500
9,000

00
00
00
00
00
00
00
00
00
00

$2,200
5,000
2,000
2,000
5,700
4,200
3,700
3,300
500
200
800
35,600
25,600
100
1,700
2,500

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

262

B A N K CO M M ISSIO N ERS’ R E P O R T .

[Jan

No. of

Shares.

Detailed Statement o f Bank Stocks — Concluded.

160
87
30
3
97
4
30
26

Par Value.

Third Xat’l Bank, Springfield,
John Hancock National Bank,
Springfield,. . . .
Stafford National Bank, Staf­
ford Springs, Conn., .
Shelburne Falls Nati Bank,
Shelburne Falls,.
Townsend N’l B’k, Townsend,
First Nati Bank, Westfield, .
First Nati Bank, Worcester,.
Ware National Bank, Ware, .

Estimated
Market Value.

Amount Invested.

$16,000

$32,000 00

$22,500 00

8,700

10,500 00

9,900 00
3,000 00

3,000
300
9-700
400
3,000
2,600

300
11,640
600
4,500
3,000

300
12,000
400
3,000
2,600

00
00
00
00
00

00
00
00
00
00

$202,200 $289,020 00 $235,300 00

Detailed Statement of Railroad Bonds.

Par Value.

Fitchburg R.R. 7s, . . . .
Fitchburg R.R. 5s, .
Fitchburg R.R. 4s, .
Boston & Lowell R.R. 4s,
Boston & Lowell R.R. 7s,
Boston & Maine R.R. 7s,.
Boston, Revere Beach &Lynn R.R. 6s,,
Boston & Albany R.R. 7s,
Boston & Albany R.R. 6s,
Lowell & Lawrence R.R. 6s, .
Nashua & Lowell R.R. 6s,
Old Colony R.R. 5s,
. . .
Old Colony R.R. 6s,
. . .
Old Colony R.R. 7s,
. . .
Conn. & Passumpsic Rivers R.R. 7s,

$2,000
10,000
15,000
19,000
8,000
49,000
5,000
26,000
12,000
4,000
13,500
2,000
24,000
4,000
20,000

Estimated
Market Value.

$2,160
10,600
15,000
19,000
8,600
54,550
5,500
28,600
13,460
4,600
14,900
2,120
27,600
4,400
22,000

Amount Invested.

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

$2,000
10,000
15,000
19,000
8,000
49,000
5,000
26,000
12,000
4,000
13,500
2,000
24,000
4,000
20,000

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

$213,500 $233,090 00 $213,500 00

Total Amount o f Loans with Each Specified Rate o f Interest, including
Deposits in Banks on Interest.
Amount.

Kate.

Amount.

Kate.

$18,369 05
127,036 03

2^ per cent.

$35,000 00
1,548,750 00

4^ per cent.
5

4


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Amount.

$8,896 00
17,100 00

Rate.

5^ per cent.
“

6

1890.]

263

PU B L IC D O C U M E N T — No. 8.

Number of loans which are of an amount not exceeding $3,000 each, 284
Aggregate amount of the s a m e , ....................................................................... $330,940 00
Total amount of loans upon real e s t a t e , ............................................ 355
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31,1889,.......................................................................
116,226 27
Rate and amount of each semi-annual dividend during the j 2 per cent., f 39,369 71
year ending Oct. 31, 1 8 8 9 ,..................................................... J 2 per cent., I 40,169 68
Times for the dividends fixed by the by-laws: third Monday in January
and July.
Number of accounts opened during the year ending Oct. 31, 1889,
1,815
Number of accounts closed during the year ending Oct. 31, 1889,
1,403
Total number of open accounts Oct. 31, 1889,
.
.
.
.
6,448
Expenses of fhe corporation for the year ending Oct. 31, 1889 (exclusive of
t a x e s ),............................................................................................................. 6,915
83
Amount of deposits, not including dividends, received during the year end­
ing Oct. 31, 1 8 8 9 ,.................................................................................
693,807
00
Number of same,
................................................................................ 12,639
Amount of withdrawals, including dividends, during the year ending Oct.
31, 1 8 8 9 , ..........................................................................................
622,311
96
Number of same...................................................................................... 6,116
Date of examination by commissioner: October 29.

Classification o f Deposits received during the Year ending Oct. 3 1 ,1 8 8 9 .
Num­
ber.
Of $50 and less,
Exceeding $50, and
more than $100, .
Exceeding $100, and
more than $200, .
Exceeding $200, and
more than $500, .
Exceeding $500, and
than $1,000, .
Of $1,000 or more, .

Num­
Amount.

10,155

$201,910 00

1,390

113,834 00

546

86,309 00

336

114,409 00

123
89

87,183 00
90,162 00

12,639

$693,807 00

ber.
To the credit —
Of women, both adult
and minor,
Of guardians,
Of religious and char­
itable associations, .
In trust................................

not
not
not

Amount.

5,803
10

$306,508 00
1,456 00

94
29

11,387 00
3,854 00

less

Co m m o n w ea lth

of

M assa ch u setts.
H am pden,

ss .,

N ov . 12, 1889.

Personally appeared R. B. Johnson, Treasurer of the Holyoke Savings Bank, and
made oath that the foregoing statement, by him subscribed, is a true and correct state­
ment of all the resources and liabilities of said institution, and that the answers made
by him to the foregoing interrogatories contain the whole truth in reference to the
matters to which they relate, according to his best knowledge and belief.
Before me,

C. W . J o h n so n , Justice o f the Peace.

H am pden,

ss .,

N ov . 12, 1889.

Personally appeared Geo. W . Prentiss, President, and C. H. Smith, C. H. Prentiss,
J. E. Delaney, Wm. A. Prentiss, L. W . Tuttle, A. Higginbottom and M. H. Whitcomb,
trustees of said corporation, and severally made oath that the annexed report is correct,
according to their best knowledge and belief.


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Federal Reserve Bank of St. Louis

Before me,

C. W . J o h n so n , Justice o f the Peace.

264

B A N K CO M M ISSIO N E R S’ R E P O R T .

[Jan

HOM E S A V IN G S B A N K — BOSTON.
Incorporated 1869.

Present number of corporators, 51.

W . E. H o o p e r , Treasurer.
W . E. H o o p e r , Clerk o f the Corporation.

C h a s . H . A l l e n , President.

Names of committee charged with the investment of its funds:
C h a s . H. A l l e n ,
W m . A therton,
N ew ton T alb o t,

J o h n W . L e ig h t o n ,
T h os . F. T e m p l e ,
H en ry M ason.

Open for business every business day, 9

a .m . to 2
until 8 p .m .

f .m .

B a l a n c e Sh e e t , O c t o b er

A ssets.

Public funds as per schedule, .
Loan on public funds,
Bank stock as per schedule,
Loans on bank stock, .
Railroad bonds as per schedule,
Railroad notes..............................
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Deposits in banks, on interest, .
Expense account,
Tax tit le s ,....................................
Premium account,
.
.
.
Cash on hand, .

; Saturday, for deposits only,

31, 1889.

L ia b il it ie s .

$25,500 00
2,000 00
361.100 00
13,500 00
61,000 00
60,000 00
19,606 11
1,693,127 83
1,151,700 00
53,543 62
1,198 63
791 09
211 25
6,556 27

Deposits, .
Guaranty fund,
Interest account,
Profit and loss ac­
count, .
Real estate income
account,
Suspense account, .

$3,265,367 37
135,500 00
18,415 99
30,149 91
332 78
68 75

$3,449,834 80

$3,449,834 80

Cash on Deposit in Banks, amount in each: —
Central National Bank, Boston..................................
Boylston National Bank, Boston, .
.
.
.

.
.

$31,458 23
22,085 39

Loan on Public Funds: —
$ 2,000 00

On $2,000 United States 4 s , ....................................
Loans on Bank Stock, amount on each : —
On 32 shares Boylston National Bank, Boston, .
On 15 shares National Security Bank, Boston,
On 5 shares Brockton National Bank, Brockton, *
On 15 shares National Market Bank, Brighton, .
On 40 shares Central National Bank, Boston,
On 7 shares Tremont National Bank, Boston,
On 15 shares Continental National Bank, Boston,
On 20 shares Atlas National Bank, Boston, .
On 10 shares Central National Bank, Boston,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$3,200 00

¿

2,000 00

1.500 00
3.500 00
^

1,500 00

£

1,800 00

1890.]

265

P U B L IC D O CU M EN T — No. 8.
Detailed Statement o f Public Funds.

Par Value.

City of Cleveland, Ohio, 6s, . ' .
of Cleveland, Ohio, 7s, . ' .
of Cambridge, Mass., 6 s,.
of Dover, N. 11., 6s, .
of Bay City, Mich., 8s,
Town of Hyde Park, Mass., 4s,
City of Indianapolis, Ind., 7T3„s,
of Springfield, Mass., 7s,
Town of St. Johnsbury, Yt., 4-|s,

f 1,000
5,000
1,000
2,000
5,500
2,000
2,000
2,000
5,000
$25,500

stimateci
Market Value.

$1,100
5,300
1,100
2,140
8,050
2,040
2,240
2,540
5,000

00
00
00
00
00
00
00
00
00

$29,510 00

Amount Invested.

$1,000
5,000
1,000
2,000
5,500
2,000
2,000
2,000
5,000

00
00
00
00
00
00
00
00
00

$25,500 00

Detailed Statement o f Bank Stocks.
O
. ȣ4
£ 1
13
200
100
14
40
20
* 52
70
125
100
62
128
50
150
80
20
200
200
200
50
150
200
150
400
200
82
100
59
200
116
50

Par Value.

Atlantic Nat’l Bank, Boston, .
Atlas National Bank, Boston,
Blackstone N’i Bank, Boston,
Boston National Bank, Boston,
Columbian N’l Bank, Boston,
Continental N’l Bank, Boston,
Eliot National Bank, Boston,
Everett Nat’l Bank, Boston, .
First National Bank, Boston,
Freeman’s Nat’ l Bank, Boston,
N’l Hide & Leather B’k, Boston,
Howard Nat’l Bank, Boston, .
Nat’l Market Bank, Brighton,
Market Nat’l Bank, Boston, .
Hamilton Nat’l Bank, Boston,
Massachusetts N’l B’k, Boston,
Merchants’ N’l Bank, Boston,
New England N’l B’k, Boston,
North National Bank, Boston,
N’l B’k of No. America, Boston,
N’l B’k of Redemption, Boston,
N’l B’k of the Republic, Boston,
National Revere Bank, Boston,
Second Nat’l Bank, Boston, .
Shawmut Nat’l Bank, Boston,
Shoe & Leather N’l B’k, Boston,
State National Bank, Boston,
Suffolk Nat’l Bank, Boston, .
Tremont Nat’l Bank, Boston,
National Union Bank, Boston,
Nat’l Webster Bank, Boston,.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$1,300
20,000
10,000
1,400
4,000
2,000
5,200
7,000
12,500
10,000
6,200
12,800
5,000
15,000
8,000
5,000
20,000
20,000
20,000
5,000
15,000
20,000
15,000
40,000
20,000
8,200
10,000
5,900
20,000
11,600
5,000
$361,100

Estimated
Market Value.

$1,852
23,650
11,275
1,708
4,860
2,450
6,838
7,210
30,312
10,375
7,440
14,080
5,000
15,000
10,080
5,487
28,900
32,450
27,800
6,112
20,175
33,400
18,600
70,000
26,000
7,728
12,100
6,799
22,700
16,588
5,000

50
00
00
00
00
00
00
00
50
00
00
00
00
00
00
50
00
00
00
50
00
00
00
00
00
50
00
75
00
00
00

$491,972 25

Amount Invested.

$1,300
20,000
10,000
1,400
4,000
2,000
5,200
7,000
12,500
10,000
6,200
12,800
5,000
15,000
8,000
5,000
20,000
20,000
20,000
5,000
15,000
20,000
15,000
40,000
20,000
8,200
10,000
5,900
20,000
11,600
5,000

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

$361,100 00

266

[Jan.

B A N K CO M M ISSIO N ERS’ R E P O R T .

Detailed Statement o f Railroad Bonds.

Par Value.

Estimated

Amount Invested.

Market Value.

Boston & Albany R.R. 7s,
Fitchburg R.R. 4s, .
.
.
.
Leeds & Farmington R.R. 6s, .
Lowell & Lawrence R.R. 6s, .
Old Colony R.R. 4s,.
Portland & Ogdensburg R.R. 6s,

.

$8,000
80,000
5.000
2.000
15,000
1,000
$61,000

$8,480
29,400
5,600
2,280
15,750
1,180

00
00
00
00
00
00

$62,690 00

$8,000
30.000
5.000
2.000
15.000
1,000

00
00
00
00
00
00

$61,000 00

Total Amount o f Loans with Each Specified Rate o f Interest, including
Deposits in Banks on Interest.

Amount.

$22,085
31,458
160,000
178,000

Rate.

39
23
00
00

2
3
4
4i

per cent.
“
“

Amount.

$735,750
144,000
25,000
1,237,513

Rate.

00
00
00
09

4| per cent.
4|
“
4£
“
5
“

Amount.

$51,300
115,150
259,414
14,200

Rate.

00
00
74
00

5| per cent.
5J

6

“

7

Value, by books, of real estate, held by foreclosure or otherwise,
. ’ . $19,606 11
Assessed value of the same, ...................................................... .
.
.
28,125 00
Net income received from same during year ending Oct. 31, 1889, .
.
222 69
Number of loans which are of an amount not exceeding $3,000 each,. 236
353,129 09
Aggregate amount of the same,
.
.
. * .............................................
Total number of loans upon real e s t a t e , ............................................. 369
Amount of investments from which no income is received, .
.
.
.
2,553 97
Gross amount of interest or profits received or earned, as per books, during
year ending Oct. 31, 1889......................................................................................
158,554 32
Rate and amount of eachsemi-annual dividend during the 1 2 per cent., f
53,757 47
year ending Oct. 31, 1 8 8 9 ,...................................................... J 2 per cent., 1 57,352 54
Times for the dividends fixed by the by-laws: second Wednesday in April
and October.
Number of accounts opened during the year ending Oct. 31, 1889,
2,901
Number of accounts closed during the year ending Oct. 31, 1889,
2,021
Total number of open accounts Oct. 31, 1889,
.
.
.
.
16,135
Expenses of the corporation for the year ending Oct. 31, 1889 (exclusive
of t a x e s ) , ................................................................................................
19,304
25
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1889.................................................................................. 1,178,769
07
Number of s a m e , .................................................................................16,011
Amount of withdrawals, including dividends, during the year ending Oct.
31, 1 8 8 9 , ...............................................................................................
859,766
03
Number of s a m e , ................................................................................. 10,633
Date of examination by commissioner: March 12.


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Federal Reserve Bank of St. Louis

1890.]

267

PU B LIC DO CU M EN T — No. 8.

Classification o f Deposits received during the Year ending Oct. 3 1 , 18 S 9 .
Num­
ber.
O f $50 and less,
Exceeding $50, and
more than $100, .
Exceeding $100, and
more than $200, .
Exceeding $200, and
more than $500, .
Exceeding $500, and
than $1,000, .
O f $1,000 or more, .

Num­
Amount.

11,843

$221,341 63

1,897

156,836 83

1,052

165,665 56

807

283,928 63

212
200

148,046 56
202,949 86

not
not
not
less

-

ber.

To the credit —
O f women, both adult
and minor,
Of guardians,
O f religious and char­
itable associations, .
In trust, .
.
.
.

Amount.

4,669
30

$404,107 24
4,597 64

108
997

24,320 04
108,360 64

16,011 $1,178,769 07

Co m m o n w ea lth

of

M a s sa c h u s e t t s .
Suffolk,

ss .,

N o v . 2, 1889.

Personally appeared W . E. Hooper, Treasurer of the Home Savings Bank, and
made oath that the foregoing statement, by him subscribed, is a true and correct state­
ment of all the resources and liabilities of said institution, and that the answers made by
him to the foregoing interrogatories contain the whole truth in reference to the matters
to which they relate, according to his best knowledge and belief.
Before me,

E d w i n A. S tone , Justice o f the Peace.

S u ffo lk ,

ss .,

N ov. 6, 1889.

Personally appeared Chas. H. Allen, President, and D. W . Farquhar, Chas. W .
Bradstreet, Thos. F. Temple, Jas. H- Freeland and Henry Mason, trustees of said
corporation, and severally made oath that the annexed report is correct, according to
their best knowledge and belief.
Before me,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

W m . H, T h o m e s , Justice o f the Peace.

268

[Jan

B A N K C O M M ISSIO N E R S’ R E P O R T .

HOOSAC S A V IN G S B A N K — N O R T H A D A M S.

Incorporated 1871.

Present number of corporators, 15.

0 . A . A r c h e r , President.

W . W . R ich m o n d , Treasurer.

W . W . R ich m o n d , Clerk o f the Corporation.

Names of committee charged with the investment of its funds:
D. J. B a r b e r ,

J. M. C h a s e ,

T. Co ll in s ,

W . ~W. R ich m o n d .

Open for business every business day, except Saturday, 9
Saturday, 9

a

.m .

to 12

m

.,

1 to 6

B a l a n c e Sh e e t , O c t o b e r

A ssets.

Public funds as per schedule, .
Bank stock as per schedule,
Loans on real estate, .
Loans on personal security,
Loans on depositors’ books,
Deposits in banks,not on interest,
Expense account,
Furniture, etc., .
.
.
.
Cash on hand................................

a .m

p .m

.

to 12 m

.,

1 to 4

p .m

31, 1889.

L ia b il it ie s .

$19,533
9,920
214,197
67,496
375
4,867
885
243
671

05
00
86
01
00
27
31
90
06

$318,189 46

Deposits, .
Guaranty fund,
Interest account,

$306,097 29
5,418 95
6,673 22

$318,189 46

Cash on Deposit in Banks, amount in each: —
Adams National Bank, North Adams................................................................. $2,556 33
Berkshire National Bank, North A d a m s , ......................................................2,310 94


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

.;

.

1890.]

269

P U B L IC D O CU M EN T — No. 8

Detailed Statement o f Public Funds.

Par Value.

City of Cleveland, Ohio, 5s, .
of Cleveland, Ohio, 4s, .
of Lynn, Mass , 4s, .
of Columbus, Ohio, 4s, .
Town of Pawtucket, R. I., 5s,

$6,000
2,000
2,000
1,000
7,000
$18,000

Estimated
Market Value.

$6,480
2,120
2,060
1,052
7,805

00
00
00
50
00

$19,517 50

Amount Invested.

$6,495
2,120
2,060
1,052
7,805

55
00
00
50
00

$19,533 05

No. of

Shares.

Detailed Statement o f Bank Stocks.

78
7

Par Value.

Berkshire Nat’l Bank, North
Adams,
.
.
.
.
Adams N’l B’k, North Adams,

Estimated
Market Value.

Amount Invested.

$7,800
700

$7,800 00
945 00

$9,080 00
840 00

$8,500

$8,745 00

$9,920 00

Total Amount o f Loans with Each Specified Bate o f Interest, including
Deposits in Banks on Interest.

Amount.

$66,800 00

Kate.

Amount.

Kate.

5 per cent.

$215,268 87

6 per cent.

Amount.

Rate.

-

Number of loans which are of an amount not exceeding $3,000 each,. 255
Aggregate amount of the same.............................................................................. $213,693 87
Total number of loans upon real estate,.....................................................205
Amount of investments from which no income is received, .
.
.
.
9,080 00
Gross amount of interest or profits received or earned, as per hooks, during
year ending Oct. 31, 1889.....................................................................................
20,584 87
Rate and amount of each semi-annual dividend during the 1 2 per cent., f
5,108' 64
year ending Oct. 31, 1 8 8 9 , .....................................................3 2 per cent, 1
5,244 97
Times for the dividends fixed by the by-laws : June 1 and December 1.
Number of accounts opened during the year ending Oct. 31, 1889,
. 436
Number of accounts closed during the year ending Oct. 31, 1889,
. 284


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

270

[Jan.

B A N K CO M M ISSIO N ERS’ R E P O R T .

Total number of open accounts Oct. 31, 1889,
.
.
.
.
1,368
Expenses of the corporation for the year ending Oct. 31, 1889 (exclusive
of t a x e s ) , ..........................................................................................................
Amount of deposits, not including dividends, received during the year end­
ing Oct. 31, 1 8 8 9 ,.................................................................................................
Number of s a m e , ..................................................... ........
1,859
Amount of withdrawals, including dividends, during the year ending Oct.
31, 1889,...................................................................................................................
Number of s a m e , ................................................................................1,065
Date of examination by commissioner: June 13.

$1,704 29
135,966 64

116,823 98

Classification o f Deposits received during the Year ending Oct. 31, 1 8 8 9 .

O f $50 and less,
Exceeding $50, and
more than $100, .
Exceeding $100, and
more than $200, .
Exceeding $200, and
more than $500, .
Exceeding $500, and
than $1,000, .
O f $1,000 or more, .

Num­
ber.

Amount.

1,322

$23,495 57

251

16,315 00

131

17,685 00

85

22,303 42

35
35

9,567 65
46,600 00

1,859

$135,966 64

Num­
ber.
To the credit —
O f women, both adult
and minor,
O f religious and chari­
table associations, .
In trust................................

not
not
not

Amount.

726

$45,950 00

15
13

1,720 86
3,725 34

less

Com m onw ealth

of

M assa ch u setts.
B e r k s h ih e ,

ss .,

N ov . 18, 1889.

Personally appeared W . W . Richmond, Treasurer of the Hoosac Savings Bank, and
made oath that the foregoing statement, by him subscribed, is a true and correct state­
ment of all the resources and liabilities of said institution, and that the answers made
by him to the foregoing interrogatories contain the whole truth in reference to the
matters to which they relate, according to his best knowledge and belief.
Before me,

G eo . P. L a w r e n c e , Justice o f the Peace.

B e r k s h ir e ,

ss .,

N o v . 19, 1889.

Personally appeared 0 . A. Archer, President, and W . W . Butler, Timothy Collins,
J. H. Flagg, J. M. Chase and A. B. Wright, trustees of said corporation, and severally
made oath that the annexed report is correct, according to their best knowledge and
belief.
Before me,
G eo . P. L a w r e n c e , Justice o f the Peace.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

1890.]

P U B L IC D O CU M ENT — No. 8.

271

H O P K IN TO N SA V IN G S B A N K — H O P K IN TO N .

Incorporated March 23, 1867.

Present number of corporators, 21.
E d w a r d D. B l is s , Treasurer.

A l v a n A . S w e e t , President.
E

dw ard

D. B l is s , Clerk o f the Corporation.

Names of committee charged with the investment of its funds:
A l v a n A. S w e e t ,

L o w e l l B. M a y b r t ,

Sa m u e l C r o o k s,

A lo n zo C o b u r n ,

C h arles H . M orse.

Open for business every business day, except Saturday, 9
Saturday, 9 a . m . to 12 m .

a .m .

to 12

m .,

1.30 to 4

p . m .;

B alance Sheet , October 31, 1889.

A ssets.

Public funds as per schedule, .
Bank stock as per schedule,
Loans on bank stock,
Railroad bonds as per schedule,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
(n o te s ),....................................
Deposit in bank, on interest,
Deposit in bank, not on interest,
Insurance account,
Pacific Bank account,
Cash on hand, .
.
.
.

L ia b il it ie s .

$19,830
59.105
1,500
70,670
122,296
31,100

00
74
00
00
00
00

600
8,200
1,000
10
1,000
556

00
02
00
50
00
58

Deposits, .
Guaranty fund,
Profit and loss ac­
count, .

$315,868 84

$298,032 62
11,017 38
6,818 84

$315,868 84

Cash on Deposit in Bank : —
Hopkinton National Bank, H o p k i n t o n ,...................................................... $9,200 02
Loans on Bank Stock, amount on each : —
On 7 shares Hopkinton National Bank, H opk in ton ,....................................
On 10 shares Home National Bank, M i l f o r d , .............................................


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Federal Reserve Bank of St. Louis

$500 00
1,000 00

B A N K CO M M ISSIO N ERS’ R E P O R T

272

[Jan

Detailed Statement o f Public Funds.

Par Value.

City of
of
of
of

Belfast, Me , 6s, .
Bangor, Me., 6 s,.
Dayton, Ohio, 4s,.
Portland, Me., 6s,

Estimated
Market Value.

$3,920
6,050
5,100
7,380

$3,500
5.000
5.000
6.000
$19,500

00
00
00
00

$22,450 00

Amount Invested.

$3,630
5,200
5.000
6.000

00*
00*
00
00*

$19,830 00

* Legal investments when made.

j
Shares,

No. of |

Detailed Statement o f Bank Stocks.

60
13
50
15
15
50
38
61
40
25
10

50
16
25
5

Par Value.

Shawmut Nat’l Bank, Boston,
N ’l Hide & Leather B’k, Boston,
N’l B’k of Redemption, Boston,
Faneuil Hall N’l Bank, Boston,
N’l B’k of the Republic, Boston,
Continental N’l Bank, Boston,
Nat’l Revere Bank, Boston, .
Atlas National Bank, Boston,
North Nat’l Bank, Boston,
Everett Nat’l Bank, Boston, .
Nat’l Exchange Bank, Boston,
Atlantic N at’l Bank, Boston, .
Howard Nat’l Bank, Boston, .
Franklin N’l Bank, Franklin,
Natick Nat’l Bank, Natick, .

$ 6 ,0 0 0

1,300
5,000
1,500
1,500
5,000
3,800
6 ,1 0 0

4,000
2,500
1 ,0 0 0

5,000
1,600
2,500
500
$47,300

Estimated
Market Value.

Amount Invested.

00
00
00
75
00
00
00
'25'
00
00
00
00
00
00
00

$7,493 74
1,404 0 0
6,890 0 0
1,965 0 0
1,980 0 0
5,930 0 0
4,607 50
7,505 0 0
5,355 0 0
2,750 0 0
1,385 50
6,590 0 0
1,800 0 0
2,950 0 0
500 0 0

$60,784 00

$59,105 74

$7,800
1,560
6,725
2,148
2,505
6,125
4,712
7,213
5,560
2,575
1,275
7,125
1,760
3,000
700

Detailed Statement o f Railroad Bonds.

Par Value.

Boston & Maine R.R. 7 s,.
Old Colony R.R. 7s............................
Old Colony R.R. 6s,
. . .
Fitchburg R.R. 7s, .
Fitchburg R.R. 5s, .
Boston, Clinton & Fitchburg R.R. 7s,
Boston, Revere Beach & Lynn R.R. 6s,
Salem & Lowell R.R. 6s,
Newport & Richford R.R. 5s, .
Nashua & Lowell R.R. 5s,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$5,000
6,000
2,000
3.000
5.000
7.000
10,000
10,000
10,000
10,000
$68,000

Estimated
Market Value.

$5,450
6,795
2,260
3,300
5,250
7,017
11,300
11,650
10,500
11,000

00
00
00
00
00
50
00
00
00
00

$74,522 50

Amount Invested.

$5,095
6,170
2,020
3,045
5,100
7,130
10,880
10,630
10.300
10.300

00
00
00
00
00
00
00
00
00
00

$70,670 00

1890.]

273

P U B L IC D O CU M EN T — No. 8.

Total Amount o f Loans with Each Specified Rate o f Interest, including
Deposits in Banks on Interest.

Amount.

Kate.

Amount.

Kate.

Rate.

Amount.

.

$8,200 02
10,000 00

2£ per cent.
4
“

$15,000 00
28,100 00

4J per cent.
5

$12,700 00
89,696 00

5J per cent.
6
“

Number of loans which are of an amount not exceeding $3,000 each,. 204
$98,996 00
Aggregate amount of the s a m e , .......................................................................
.............................................208
Total number of loans upon real estate, .
1,000 00
Amount of investments from which no income is received, .
.
.
.
Gross amount of interest or profits received or earned, as per books, during
16,684 60
year ending Oct. 31, 1 8 8 9 , ............................................ ........
5,589 69
Rate and amount of each semi-annual dividend during the 7 2 per cent., t
year ending Oct. 31, 1 8 8 9 , ..................................................... >2 per cent., (
5,503 71
Times for the dividends fixed by the by-laws : Friday preceding first Satur­
day in May and November.
Number of accounts opened during the year ending Oct. 31, 1889,
. 140
Number of accounts closed during the year ending Oct. 31, 1889,
. 87
Total number of open accounts Oct. 31, 1889,'
.
.
.
.
1,203
Expenses of the corporation for the year ending Oct. 31, 1889 (exclusive
1,392 56
of t a x e s ) , ..........................................................................................................
Amount of deposits, not including dividends, received during the year
51,444 01
ending Oct. 31, 1 8 8 9 , ........................................................................................
Number of s a m e , ......................................................................................829
Amount of withdrawals, including dividends, during the year ending Oct.
56,292 68
31, 1 8 8 9 , ..........................................................................................................
Number of s a m e , ......................................................................................558
Date of examination by commissioner: April 18.

Classification o f Deposits received during the Year ending Oct. 3 1 ,1 8 8 9 .

ber.
O f $50 and less,
Exceeding $50, and
more than $100, .
Exceeding $100, and
more than $200, .
Exceeding $200, and
more than $500, .
Exceeding $500, and
than $1,000, .
O f $1,000 or more, .


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Amount.

580

$11,775 52

141

11,405 52

73

11,802 54

27

10,591 00

7
1

4,869 43
1,000 00

829

$51,444 01

not
not
not
less

ber.
To the credit —
O f women, both adult
and minor,
Of guardians,
Of religious and charitable associations, .
In trust, .
.
.
.

Amount.

342
1

$20,717 23
800 00

7
8

441 15
1,104 73

274

B A N K COM M ISSIO N ERS’ R E P O R T .

Co m m o n w ealt h
M id d l e s e x ,

ss .

of

[Jan.

M assach u setts .
H opkinton , N ov. 1, 1889.

Personally appeared Edward D. Bliss, Treasurer of the Hopkinton Savings Bank, and
made oath that the foregoing statement, by him subscribed, is a true and correct state­
ment of all the resources and liabilities of said institution, and that the answers made
by him to the foregoing interrogatories contain the whole truth in reference to the
matters to which they relate, according to his best knowledge and belief.
Before me,
M id d l e s e x ,

C l e m e n t M eserve , Notary Public.

H opkinton , N ov. 1, 1889.

ss .

Personally appeared Alvan A. Sweet, President, and C. H. Morse, A. Bridges, A.
Coburn, W . A. Frail and C. B. Holman, trustees of said corporation, and severally made
oath that the annexed report is correct, according to their best knowledge and belief.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Before me,

C l e m e n t M e s e r v e , Notary Public.

1890.]

P U B L IC D O CU M EN T — No. 8

275

HUDSOW S A V IN G S B A N K — H U DSON.

Incorporated 1869.

Present number of corporators, 42.

E d m u n d M . S t o w e , President.

D a n ie l W . S t r a t t o n , Treasurer.

J oel M . P e t t in g il l , Clerk o f the Corporation.

Names of committee charged with the investment of its funds:
E d m u n d M . Sto w e,

L um an T . Je fts,

J o se p h S. B r a d l e y ,

B en j. D e a r b o r n .

Open for business every business day, 9 a . m . to 12

m .,

and Saturday, 1 to 5 and 6 to 8 p .m .

B alance Sheet , October 31,1889.

A ssets.

Public funds as per schedule, .
Bank stock as per schedule,
Loans on bank stock,
Railroad bonds as per schedule,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
( n o te s ),...................................
Deposit in bank, on interest,
Deposit in bank, not on interest,
Expense account,
Cash on hand, .
.
.
.

L ia b il it ie s .

$48,820
31,300
1,600
56,500
345,350
16,075

00
00
00
00
00
00

26,100
11,852
740
135
1,709

00
37
23
00
79

Deposits, .
Guaranty fund,
Interest account,
Profit and loss ac­
count, .

$540,182 39

$519,076 93
10,500 00
3,186 50
7,418 96

$540,182 39

Cash on Deposit in Banks, amount in each: —
Hudson National Bank, Hudson, .
.
International Trust Company, Boston, .

.............................................$740 23
....................................
11,852 37

Loans on Bank Stock, amount on each : —
On 11 shares First National Bank, Clinton,
On 8 shares Hudson National Bank, Hudson


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

.
.

.
.

.
.

.
.

$1,100 00
500 00

276

B A N K CO M M ISSIO N ERS’ R E P O R T

[Jan

Detailed Statement o f Public Funds.

Par Value.

City of Cleveland, Ohio, 6s,
Town of Clinton, Mass., 4s,
City of Columbus, Ohio, 4s,
of Fall River, Mass., 5s, .
of Fall River, Mass., 6s, .
of Grand Rapids, Mich., 5s,
Town of Ilopkinton, Mass., 4s,
of Northampton, Mass., 6s, .
City of Taunton, Mass., 4s,

Estimated
Market Value.

$5,000
12,000
7,000
5,000
2,000
5,000
5,000
3,000
5,000

1

$49,000

$5,550
12,660
7,070
6,100
2,360
5,700
5,050
3,180
5,100

00
00
00
00
00
00
00
00
00

$52,770 00

Amount Invested.

$5,000
12,000
7,000
5,000
2,000
5,000
5,000
2,820
5,000

00
00
00
00
00
00
00
00
00

$48,820 00

No. of

Shares.

Detailed Statement o f Bank Stocks.

25
4
57
30
75
50
27

Par Value.

Howard Nat’l Bank, Boston, .
Shoe&LeatherN’l B’k,Boston,
State National Bank, Boston,
Third National Bank, Boston,
Hudson Nat’l Bank, Hudson,
National City Bank, Lynn,
Nat’l Webster Bank, Boston,.

Estimated
Market Value.

$2,500
400
5,700
3,000
7,500
5,000
2,700
$26,800

$2,750
377
6,890
3,120
8,250
9,750
2,700

00
00
00
00
00
00
00

$33,837 00

Amount Invested.

$2,500
400
5,700
3,000
7,500
9,500
2,700

00
00
00
00
00
00
00

$31,300 00

Detailed Statement o f Railroad Bonds.

j
Boston & Albany R.R. 7s,
<
Boston & Lowell R.R. 5s,
Boston & Maine R.R. 7 s,.
Boston, Revere Beach &Lynn R.R. 6s,
Fitchburg R.R. 5s, .
Eastern R.R. 6s,
. . .
Old Colony R.R. 6s,.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

*A

Par Value.

Estimated
Market Value.

$10,000
5,000
5,500
5,000
20,000
5,000
6,000

$10,750
5,500
5,995
5,675
21,330
6,300
6,930

$56,500

$62,480 00

legal investment when made.

00
00
00
00
00
00
00

Amount Invested.

$10,000
5,000
5,500
5,000
20,000
5,000
6,000

00
00
00
00
00
00*
00

$56,500 00

277

P U B L IC D O CU M EN T — No. 8.

1890.]

Total Amount of Loans with Each Specified Rate'of Interest, including
Deposits in Banks on Interest.

Rate.

Amount.

Rate.

3 per cent.
4
“
4¿
“

$205,850 00
53,475 00
103,500 00

5 per cent.
5è

Amount.

$11,852 37
20,000 00
3 500 00

6

Rate.

Amount.

$100 00
1,500 00
1,200 00

6J per cent.
7
7è
“

Number of loans which are of an amount not exceeding $3,000 each, . 266
Aggregate amount of thesame................................................................................ $241,250
Total number of loans upon real estate,......................................................280
Gross amount of interest or profits received or earned, as per books, during
year ending Oct. 31, 1889......................................................................................
26,771
Rate and amount of each semi-annual dividend during the |2 per cent.,]
9,038
year ending Oct. 31, 1889, .
.
.
.
.
.
. J 2 per cent., 1
9,609
Times for the dividends fixed by the by-laws: third Wednesday in Jan­
uary and July.
Number of accounts opened during the year ending Oct. 31, 1889,
. 386
Number of accounts closed during the year ending Oct. 31, 1889,
. 279
Total number of open accounts Oct. 31, 1889,
.
.
.
.
1,903
Expenses of the corporation for the year ending Oct. 31,1889 (exclusive of
t a x e s ),.............................................................................................................................. 1,610
Amount of deposits, not including dividends, received during the year end­
ing Oct. 31, 1889,.......................................
132,429
Number of s a m e , .....................................................
1,897
Amount of withdrawals, including dividends, during the year ending Oct.
31, 1889.....................................................
114,648
Number of s a m e , .......................................................................................... 1,158
Date of examination by commissioner: July 29.

00

66
55
46

41
00

70

Classification o f Deposits received during the Year ending Oct. 3 1 , 1S89.
Hum­
ber.
O f $50 and less,
Exceeding $50, and
more than $100, .
Exceeding $100, and
more than $200, .
Exceeding $200, and
more than $500, .
Exceeding $500, and
than $1,000, .
O f $1,000 or more, .


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Num­

Amount.

1,432

$25,072 00

227

18,748 00

104

17,105 00

80

. 27,502 00

32
22

22,002 00
22,000 00

1,897

$132,429 00

not
not
not
less

ber.
To the credit —
O f women, both adult
and minor,
O f guardians,
O f religious and char­
itable associations, .
In trust................................

Amount..

698
12

$47,280 00
3,288 00

37
173

3,157 00
10,603 00

278

B A N K CO M M ISSIO N ERS’ R E PO R T.

[Jan.

C o m m o n w e a l t h of M a ss a c h u s e tt s .
H u d s o n , N o v . 15, 1889.

M id d l e s e x , ss.

Personally appeared Daniel W . Stratton, Treasurer of the Hudson Savings Bank, and
made oath that the foregoing statement, by him subscribed, is a true and correct state­
ment of all the resources and liabilities of said institution, and that the answers made
by him to the foregoing interrogatories contain the whole truth in reference to the mat­
ters to which they relate, according to his best knowledge and belief.
Before me,

F r e d O . W e l s h , Justice o f the Peace.

H u d s o n , N ov . 15, 1889.

M i d d l e s e x , ss .

Personally appeared Edmund M. Stowe, President, and James L. Harriman, Geo. B.
Cochran, James T. Joslin, W m . H. Brigham, Horace E. Stowe, Wm. F. Trowbridge
and Joseph S. Bradley, trustees of said corporation, and severally made oath that the
annexed report is correct, according to their best knowledge and belief.


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Federal Reserve Bank of St. Louis

Before me,

F r e d 0 . W e l s h , Justice o f the Peace.

1890.]

279

P U B L IC D O CU M EN T — No. 8.

H Y D E P A R K S A V IN G S B A N K — H Y D E PA R K .

Incorporated March 8, 1871.

Present number of corporators, 35.
A r t h u r H. B u r t , Treasurer.

R o b e r t B l e a k i e , President.

A r t h u r H. B u r t , Clerk o f the Corporation.

Names of committee charged with the investment of its funds :
R obert B l e a k ie ,

D a v id P e r k in s ,

H e n r y S. B u n t o n ,

S i d n e y C. P u t n a m ,

W i l l i a m J. S t u a r t .

Open for business every business day, 2 to 6 p . m . ; also Wednesday and Saturday,
7 to 9 p .m .

B a l a n c e Sh e e t , O c t o b e r

L ia b il it ie s .

A ssets.

Bank stock as per schedule,
Railroad bonds as per schedule,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
(notes), .
.
Deposits in banks, on interest, .
Expense account,
Cash on hand................................

31, 1889.

$3,700
25.000
154,865
93.000

00
00
00
00

Deposits, .
Guaranty fund,
Interest account,
Profit and loss ac­
count, .

$266,906 74
7,487 51
5,565 58
13,738 30

6,000 00

7,755 85
487 68
2,889 60
$293,698 13

$293,698 13

Cash on Deposit in Banks, amount in each: —
Continental National Bank, B o s t o n , ...............................................................$1,478 72
Maverick National Bank, B o s to n ,........................................................................
6,277 13

No. of

Shares.

Detailed Statement o f Bank Stocks.

13
10
14

Par Value.

Freeman’s Nat’l Bank, Boston,
N’l B’k of Commerce, Boston,
First N’l Bank, Newburyport,


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Federal Reserve Bank of St. Louis

Estimated
Market Value.

Amount Invested.

$1,300
1,000
1,400

$1,345 50
1,280 00
1,694 00

$1,300 00
1,000 00
1,400 00

$3,700

$4,319 50

$3,700 00

280

B A N K CO M M ISSIO N ERS’ R E PO R T.

[Jan.

Detailed Statement o f Railroad Bonds.

Par Value.

Boston & Albany R.R. 6s, .
Boston & Albany R.R. 7s,
Boston & Maine R.R. 7s,
Boston & Providence R.R. 7s,
Boston,Revere Beach &LynnR.R.6s,
Fitchburg R.R. 5s, .
Old Colony R.R. 6s,
. . .
Old Colony R.R. 7s,
. . .

$4,000
1,000
1,000
1,000
5,000
7,000
5,000
1,000
$25,000

Estimated
Market Value.

$4,480
1,070
1,120
1,110
5,600
7,490
5,650
1,120

00
00
00
00
00
00
00
00

$27,640 00

Amount Invested.

$4,000
1,000
1,000
1,000
5,000
7,000
5,000
1,000

00
00
00
00
00
00
00
00 •

$25,000 00

Total Amount o f Loans with Each Specified Rate o f Interest, including
Deposits in Banks on Interest.

Amount.

Kate.

Amount.

Kate.

Amount.

Kate.

$1,478 72
6,277 13
6,000 00

2 per cent.
2h
“
4
“

$9,500 00
53,000 00
178,465 00

5 per cent.
5à
“
6

$4,500 00
2,400 00

7 per cent.
8

Number of loans which are of an amount not exceeding $3,000 each, 133
Aggregate amount of the s a m e , ........................................................................ $151,865 00
Total number of loans upon real e s t a t e , .............................................124
Gross amount of interest or profits received or earned, as per books, dur­
ing year ending Oct. 31, 1 8 8 9 , ........................................................................
15,242 '54
Rate and amount of each semi-annual dividend during the 1 2 per cent., f
4,092 74
year ending Oct. 31, 1 8 8 9 ,...................................................... 1 2 per cent., I
4,364 10
Times for the dividends fixed by the by-laws : January 1 and July 1.
Number of accounts opened during the year ending Oct. 31, 1889,
. 501
Number of accounts closed during the year ending Oct. 31, 1889,
. 294
Total number of open accounts Oct. 31, 1889,
.
.
.
.
1,731
Expenses of the corporation for the year ending Oct. 31, 1889 (exclusive of
1,324 41
ta xe s),....................................................................................................................
Amount of deposits, not including dividends, received during the year end­
ing Oct. 31, 1889,..................................................................................................
163,506 25
Number of s a m e , .................................................................................3,188
Amount of withdrawals, including dividends, during the year ending Oct.
135,660 33
31, 1889.....................................................................................................................
Number of s a m e , ................................................................................. 1,836
Date of examination by commissioner: July 6.


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Federal Reserve Bank of St. Louis

1890.]

P U B L IC D O CU M EN T — No. 8.

281

Classification o f Deposits received during the Year ending Oct. 31, 1 889.
Num­

Num­

Amount.

ber.
O f $50 and less,
Exceeding $50, and
more than $100, .
Exceeding $100, and
more than $200, .
Exceeding $200, and
more than $500, .
Exceeding $500, and
than $1,000, .
O f $1,000 or more, .

2,580

$41,679 55

299

24,647 04

159

25,035 99

105
•
28
17

34,863 81

3,188

$163,506 25

not
not
not
less

Amount.

ber.
To the credit —
Of women, both adult
and minor,
O f guardians,
Of religious and charitable associations, .
In trust, .

1,290
9

$57,104 17
439 82

59
66

4,074 87
15,257 38

20,196 98
17,082 88

C o m m o n -w e a l t h o f M a s s a c h u s e t t s .
N o r f o l k , s s ., N o v . 9, 1889.

Personally appeared Arthur H. Burt, Treasurer of the Hyde Park Savings Bank, and
made oath that the foregoing statement, by him subscribed, is a true and correct state­
ment of all the resources and liabilities of said institution, and that the answers made by
him to the foregoing interrogatories contain the whole truth in reference to the matters
to which they relate, according to his best knowledge and belief.
Before me,

E d m u n d D a v i s , Justice o f the Peace.

N o r f o l k , s s ., N o v . 9, 1889.

Personally appeared Robert Bleakie, President, and W m. J. Stuart, Sidney L. Putnam,
David Perkins, Henry S. Bunton and George Sanford, trustees of said corporation, and
severally made oath that the annexed report is correct, according to their best knowl­
edge and belief.
Before me,
E d m u n d D a v i s , Justice o f the Peace.


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Federal Reserve Bank of St. Louis

282

B A N K CO M M ISSIO N ERS’ R E P O R T .

[Jan.

IN S T IT U T IO N FOR S A V IN G S I N N E W B U R Y P O R T A N D
ITS V IC IN IT Y — N E W B U R Y P O R T .
Incorporated 1820.

Present number of corporators, 81.

E d w a r d S. M o s e l e y , President.

P h i l i p K . H i l l s , Treasurer.

L a w r e n c e W . P i p e r , Clerk o f the Corporation.

Names of committee charged with the investment of its funds:
E d w d . S. M o s e l e y ,

M . E . H ale,

L . B . Cu s h in g ,

Sam uel M a r c h ,

W il l ia m H . Sw a s e y .

Open for business every business day, except Saturday, 9
Saturday, close at 1 p .m .

B ala n ce S h e e t , O ctober

. to 1 p . m ., 2.30 to 4 p . m . ;

31, 1889.

A ssets.

Public funds as per schedule, .
Bank stock as per schedule,
Loans on bank stock,
Railroad bonds as per schedule,
Loans on railroad bonds, .
Railroad notes, . . . . .
Real estate (for banking pur­
poses),
....................................
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
( n o te s ),....................................
Deposits in banks, on interest, .
Cash on hand, .
.
.
.

a .m

L ia b il it ie s .

$838,000
931,920
8,600
395,000
50,800
75.000

00
00
00
00
00
00

$5,072,792 92
234,000 00

Deposits, .
.
Guaranty fund,
Profit and loss ac­
count, .,

59,735 33

10.000 00
821,861 00
1,702,970 00
364,500 00
166,863 47
1,013 78
$5,366,528 25

$5,366,528 25

Cash on Deposit in Banks, amount in each : —
Mechanicks’ National Bank, Newburvport, .
First National Bank, Newburyport,
.
.
.
.
Powow River National Bank, Amesbury,
Amesbury National Bank, Amesbury, .
.
.
.
Essex National Bank, H averhill,....................................

.

$39,375
52,487
25.000
25.000
25.000

95
52
00
00
00

Loans on Bank Stock, amount on each : —
On 53 shares Mechanicks’ National Bank, Newburyport,
On 88 shares Merchants’ National Bank, Newburyport,
On 9 shares Amesbury National Bank, Amesbury,
On 7 shares Mechanicks’ National Bank, Newburyport,
On 4 shares First National Bank, Newburyport, .


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

|

$6,800 00
750 00
650 00
400 00

1890.]

283

P U B L IC D O CU M ENT — No. 8

Loans on Railroad Bonds, amount on each: —
On $50,000 Worcester, Nashua & Rochester R.R. bonds, .
.
.
.
On $1,000 Boston & Maine R.R. b o n d s , .....................................................

$50,000 00
800 00

Detailed Statement of Public Funds.

Par Value.

City of Boston, Mass., 4s,
of Bangor, Me., 7s, .
of Concord, N. H , 6s,
of Des Moines, Iowa, 4±s,
of Holyoke, Mass., 6s,
of Lynn, Mass., 6s, .
of Lynn, Mass., 4s, .
of Lynn, Mass., 3^s,
of Lewiston, Me., 6s,
of Lawrence, Mass., 4s, .
of Lowell, Mass., 4s,
of Nashua, N. H., 6s,
of Nashua, N H., 4s,
of Newburyport, Mass., 6s,
of Newburyport, Mass., 4s,
of Somerville, Mass., 4s,.
of Springfield, Mass., 7s, .
of Worcester, Mass., 3^s,
of Waltham, Mass , 4s, .
Town of Beverly, Mass., 4s, .
of Melrose, Mass., 7s, .
of Marlborough, Mass., 4s, .
of Marblehead, Mass., 4s,
of Turner’s Falls, Mass , 4s,

Amount Invested.

$100,000 $112,000 00 $100,000 00
30,875 00
25,000 00*
25,000
37,590 00
35,000 00
35,000
25,000 00
25,000 00
25,000
30,000 00
25,000 00
25,000
81,625 00
75,000 00
75,000
53,000 00
50,000 00
50,000
25,000 00
25,000 00
25,000
10,200 00
10,000 00
10,000
31,500 00
30,000 00
30,000
21,000 00
20,000 00
20,000
52,500 00
50,000 00
50,000
25,000 00
26,150 00
25,000
60,700 00
60,000 00
60,000
99,560 00
95,000 00
95,000
11,550 00
11,000 00
11,000
40,000 00
55,200 00
40,000
25,125 00
25,000 00
25.000
19,000 00
19,000 1 19,930 00
14,840 00
14,000 00
14,000
8,000 00
8,600 00
8,000
33,170 00
31,000 00
31,000
32,070 00
30,000 00
30,000
10,000 00
10,000 00
10,000
$838,000

*A

Estimated
Market Value.

$907,185 00 $838,000 00

legal Investment when made.

No. of
Shares.

Detailed Statement o f Bank Stocks.

122
750
47
37
100
108
300
221
250
286
74
100
240

Par Value.

Atlantic Nat’l Bank, Boston, .
Atlas National Bank, Boston,
Blackstone N’l Bank, Boston,
Boston Nat’l Bank, Boston, .
Old Boston N’l Bank, Boston,
National City Bank, Boston, .
Columbian N’l Bank, Boston,
N ’l B’k of Commerce, Boston,
N’l B’k of the Commonwealth,
Boston,
.
.
.
.
National Eagle Bank, Boston,
Eliot National Bank, Boston,
N’l Exchange Bank, Boston, .
Faneuil Hall N’l B’k, Boston.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Estimated
Market Value.

Amount Invested.

$12,200
75,000
4,700
3,700
10,000
10,800
30,000
22,100

$17,385
88,687
5,300,
4,514
11,900
10,260
36,450
28,288

00
00
00
00
00
00
00
00

$12,200
75,000
4,700
3,700
10,000
10,800
30,000
22,100

00
00
00
00
00
00
00
00

25,000
28,600
7,400
10,000
24,000

42,437
29,458
9,731
12,750
34,560

00
00
00
00
00

25,000
28,600
7,400
10,000
24,000

00
00
00
00
00

284

B A N K CO M M ISSIO N ERS’ R E P O R T .

[Jan.

No. of

Shares.

D etailed Statement o f B an k Stocks — Concluded.

100
270
142
250
150
267
508
33
200
173
100
302
60
258
375
480
200
400
69
225
225
-500
208
353
200
215
1226
105
14
60

Par Value.

First National Bank, Boston,. $10,000
27,000
Freeman’s Natl Bank, Boston,
14,200
Globe National Bank, Boston,
25,000
Hamilton Natl Bank, Boston,
15,000
N’l Hide &Leather B’k,Boston,
26,700
Howard Natl Bank, Boston, .
50,800
Market Natl Bank, Boston,.
8,250
Massachusetts N’l B’k, Boston,
20,000
Maverick Natl Bank, Boston,
17,300
Merchants’ N’l Bank, Boston,
10,000
New England N’l B’k, Boston,
30,200
North National Bank, Boston,
6,000
N’l B’k of No. America, Boston,
25,800
N’l B’k of Redemption, Boston,
37,500
Natl Revere Bank, Boston, .
48,000
Second Natl Bank, Boston, .
20,000
Shawmut Natl Bank, Boston,
40,000
Shoe & Leather N’l B’k, Boston,
6,900
State National Bank, Boston,
22,500
Suffolk Natl Bank, Boston, .
22,500
Traders’ Nat’l Bank, Boston,
50,000
Tremont Natl Bank, Boston,
20,800
National Union Bank, Boston,
35,300
Washington N’l Bank, Boston,
20,000
Nat’l Webster Bank, Boston,
Mechanicks’ National Bank,
21,500
Newburyport,
Merchants’ National Bank,
24,520
Newburyport,
5,250
Ocean N’l B’k, Newburyport,
1,400
First N’l Bank, Newburyport,
6,000
Gloucester N’l B’k, Gloucester,

Estimated
Market Value.

Amount Invested.

$24,250 00
28,012 00
13,987 00
31,500 00
18,000 00
29,370 00
50,800 00
9,055 00
48,000 00
24,999 00
16,225 00
41,978 00
7,335 00
34,701 00
46,500 00
84,000 00
26,000 00
37,700 00
8,349 00
25,931 00
21,375 00
56,750 00
29,744 00
44,302 00
20,000 00

$10,000 00
27,000 00
14,200 00
25,000 00
15,000 00
26,700 00
50,800 00
8,250 00
20,000 00
17,300 00
10,000 00
30,200 00
6,000 00
25,800 00
37,500 00
48,000 00
20,000 00
40,000 00
6,900 00
22,500 00
22,500 00
50,000 00
20,800 00
35,300 00
20,000 00

26,660 00

21,500 00

31,876
6,825
1,680
8,220

00
00
00
00

24,520
5,250
• 1,400
6,000

00
00
00
00

$931,920 $1,185,844 00 $931,920 00
D etailed Statem ent o f R ailroad Bonds.

Par Value.

Eastern R R. 6s,
Old Colony R.R. 4s,.
Vermont & Massachusetts R.R. 5s,.
Fitchburg R.R. 4s, .
Fitchburg R R. 4^s, . . . .
Fitchburg R.R. 5s, .
Boston & Lowell R.R. 4s,
Portland & Kennebec R.R. 6s,.
Dexter & Piscataquis R.R. 4s, .


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$50,000
60,000
25.000
75.000
80.000
25.000
50.000
15.000
15.000

Estimated
Market Value.

$63,000
64,575
27,750
72.000
80,400
26,250
52.000
16,631
15,375

00
00
00
00
00
00
00
25
00

Amount Invested.

$50,000
60,000
25.000
75.000
80.000
25.000
50.000
15.000
15.000

00*
00
00
00
00
00
00
00
00

$395,000 $417,981 25 $395,000 00
*

A legal investment when made.

P U B L IC DO CU M EN T — No. 8.

1890.]

285

Total A m ou n t o f L oan s with E ach Specified R ate o f In terest, in clu d in g
D eposits in B anks on Interest.

Kate.

Amount.

$11,000
39,375
52,487
3,000
83,700

00
95
52
00
00

Amount.

0 per cent.
1*
“
It
“
3|
“
3è
“

$106,000
3,000
634,300
714,800
666,000

Kate.

00
0000
00
00

3| per cent.
3i
“
4
»
4J “
4è “

Amount.

$141,000
403,079
96,705
7,000
229,147

Kate.

00
00
00
00
00

4f per cent.
5
H “
5|
“
6

Amount invested in real estate for banking purposes,....................................
$ 10,000
Estimated value of the sam e,................................................................................
18,000
Assessed value of the s a m e ,................................................................................
19,500
Number of loans which are of an amount not exceeding S3,000 each, 410
Aggregate amount of the s a m e , .......................................................................
407,137
Total number of loans upon real e s t a t e , ............................................ 429
Amount of investments from which no income is received, .
.
.
.
11,000
Gross amount of interest or profits received or earned, as per books, during
year ending Oct. 31, 1 8 8 9 ,.................................................................................
273,616
Rate and amount of each semi-annual dividend during the ^ 2 per cent., f
96,211
year ending Oct. 31, 1889.......................................................... j 2 per cent., (
97,732
Times for the dividends fixed by the by-laws: fourth Wednesday in April
and October.
Number of accounts opened during the year ending Oct. 31, 1889,
1,174
Number of accounts closed during the year ending Oct. 31, 1889,
. 935
11,142
Total number of open accounts Oct. 31, 1889....................................
Expenses of the corporation for the year ending Oct. 31, 1889 (exclusive of
ta x e s),....................................................................................................................
7,694
Amount of deposits, not including dividends, received during the year end­
ing Oct. 31, 1889,...................................................................................................
546,894
Number of s a m e ,.................................................................................6,360
Amount of withdrawals, including dividends, during the year ending Oct.
31, 1 8 8 9 , ...........................................................................................................
610,407
Number of s a m e ,.................................................................................5,898
Date of examination by commissioner: August 13. -

00
00
00
00
00
14
38
94

82
97

57

Classification o f Deposits received during the Y ear ending Oct. 3 1 , 1 8 8 9 .

O f $50 aud less,
Exceeding $50, and
more than $100, .
Exceeding $100, and
more than $200, .
Exceeding $200, and
more than $500, .
Exceeding $500, and
than $1,000, .
O f $1,000 or more, .

Num­
ber.

Amount.

4,498

$94,077 14

888

73,434 00

408

63,526 30

344

124,656 46

139
83

97,525 66
93,675 41

6,360

$546,894 97

not
not
not
less


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Federal Reserve Bank of St. Louis

Num­
ber.
To the credit —
Of women, both adult
and minor,
O f guardians,
O f religious and chari­
table associations, .
In trust, .

Amount.

3,263
32

$290,527 74
10,153 69

106
124

22,555 3831,880 76

28 G

B A N K CO M M ISSIO N ERS’ R E P O R T .

Co m m o n w ea lth

of

[Jan.

M a s sa c h u s e t t s .
E

ssex

,

s s .,

N

ov.

9, 1889.

Personally appeared Philip K. Hills, Treasurer of the Institution for Savings in Newburyport and its Vicinity, and made oath that the foregoing statement, by him sub­
scribed, is a true and correct statement of all the resources and liabilities of said insti­
tution, and that the answers made by him to the foregoing interrogatories contain the
whole truth in reference to the matters to which they relate, according to his best
knowledge and belief.
Before me,
N a t h a n ie l N. J o n e s , Justice o f the Peace.
E ssex,

ss .,

N ov . 9 , 1 8 8 9 .

Personally appeared Edward S. Moseley, President, and E. F. Stone, Lawrence B.
Cushing, Amos Noyes, Samuel March and Charles C. Dame, trustees of said corporation,
and severally made oath that the annexed report is correct, according to their best
knowledge and belief.
Before me,
N a t h a n ie l N . J o n es , Justice o f the Peace.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

1890.]

P U B L IC DO CU M EN T — No

287

IN S T IT U T IO N FOR S A V IN G S IN E O X B U R Y A N D ITS
V IC IN IT Y — BOSTON.

Incorporated Feb. 22, 1825.

Present number of corporators, 56.

A r t h u r W . T u f t s , President.
E d w a r d R i c h a r d s , Treasurer.
E d w a r d R ic h a r d s , Clerk o f the Corporation.

Names of committee charged with the investment of its funds :
A r t h u r W . T u fts ,
A ugustus R ic h a r d s o n ,

J ohn D . W il l i a m s ,
W a l t e r H . C o w in g .

Open for business every business day, 9

a .m .

to 4

p .m .

B alance S h e e t , O c t o b e r 31, 1889.

A ssets.

Public funds as per schedule, .
Loans on public funds,
Bank stock as per schedule,
Loans on bank stock,
Railroad bonds as per schedule,
Loans on railroad stocks, .
Railroad notes, .
.
.
.
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
( n o t e s ) ,....................................
Deposits in banks, on interest, .
Cash on hand, .
.
.
.

L ia b il it ie s .

$127,000
10,260
205,067
3,200
497.000
201,800
640.000
8,000
1,495,359
1,092,997

00
00
09
00
00
00
00
00
46
30

Deposits, .
Guaranty fund,
Interest account,
Profit and loss ac­
count,

$4,639,834 76
151,700 00
21,182 61
1,702 55

346,200 00
177,489 20
10,046 87
$4,814,419 92

$4,814,419 92

Cash on Deposit in Banks, amount in each : —
National Rockland Bank, Boston,....................................................................... $166,160 38*
Hamilton National Bank, Boston,.......................................................................
4,655 89
North National Bank, B o s t o n , ....................................................................... 3,512 02
National City Bank, B o s t o n ,................................................................................
3,160 91
Loans on Public Funds, amount on each : —
On
On
On
On

$7,000
$1,500
$1,000
$1,000

United States 4 ^ s , ................................................................................$7,000 00
United States 4 £ s ,................................................................................
1,460 00
Lowell, Mass., b o n d s ,........................................................................i
Old Colony R.R. b o n d s , .............................................................. }
1»800 00
* This amount has since been reduced within the legal limit.


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Federal Reserve Bank of St. Louis

288

B A N K CO M M ISSIO N ERS’ R E P O R T .

[Jan.

Loans on Bank Stock, amount on each : —
On 2 shares Gloucester National Bank, Gloucester,
.
.
.
.
.
On 30 shares National Rockland Bank, Boston.................................................

$200 00
3,000 00

Loans on Railroad Stocks, amount on each : —
On 655 shares Boston & Maine R . R . , .................................................................. $90,000 00
On 345 shares Boston & Maine R . R . , ..............................................................
50,000 00
On 618 shares Boston & Lowell R . R . , ..............................................................
61,800 00*
* A legal loan when made.

Detailed Statement o f Public Funds.
Estimated
Market Value.

Amount Invested.

$51,000
30.000
46.000

$56,100 00
30.000 00
46.000 00

$51,000 00
30.000 00
46.000 00

$127,000

$132,100 00

$127,000 00

Par Value.

City of Boston, Mass., 6s,
of Boston, Mass., 4s,
of Waltham, Mass., 4|s, .

No. of

Shares.

Detailed Statement o f Bank Stocks.

50
60
15
37
200
20
30
5
25
257
210
21
150
173
55
8
52
9
32
510

Par Value.

Atlantic Nat’l Bank, Boston, .
Atlas National Bank, Boston,
N’l B’k of Commerce, Boston,
National Eagle Bank, Boston,
First National Bank, Boston,
First National Bank, Danvers,
Hamilton N atl Bank, Boston,
Howard Natl Bank, Boston, .
Market N atl Bank, Boston, .
North National Bank, Boston,
People’s Natl Bank, Boston, .
N’l B’k of the Republic, Boston,
N atl Revere Bank, Boston, .
Natl Rockland Bank, Boston,
Second Natl Bank, Boston, .
Shoe & Leather N ! B’k, Boston,
State National Bank, Boston,
Suffolk Nat’l Bank, Boston, .
Tremont Nat’l Bank, Boston,.
Washington N’l Bank, Boston,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$5,000
6,000
1,500
3,700
20,000
1,500
3,000
500
2,500
25,700
21,000
2,100
15,000
17,300
5,500
800
5,200
900
3,200
51,000
$191,400

Estimated
Market Value.

$7,100
7,080
1,905
3,811
48,000
1,500
3,750
550
2,500
35,723
33,600
3,507
18,600
26,123
9,625
752
6,292
1,035
3,616
63,750

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

$278,819 00

Amount Invested.

$5,000
6,000
2,000
4,144
20,000
1,500
3,580
606
2,500
25,680
21,000
2,698
15,000
19,430
5,500
872
5,993
1,070
3,762
58,729

00
00
00
00
00
00
00
25
00
47
00
87
00
00
00
00
00
25
75
50

$205,067 09

1890.]

289

P U B L IC D O CU M EN T — No. 8.

Detailed Statement o f Railroad Bonds.

Par Value.

Fitchburg R.R 5s, .
Fitchburg R.R. 4is, .
Fitchburg R.R. 4s, .

.

.

Estimated

Amount Invested.

Market Value.

$100,000 $102,000 00 $100,000 00
257,000
257,000 00
257,000 00
150,000
142,500 00
140,000 00

.

$507,000

$501,500 00 $497,000 00

Total Amount o f Loans with Each Specified Rate of Interest, including
Deposits in Banks on Interest.

Amount.

$177,489
210,000
110,000
5,000
100,000

Rate.

20
00
00
00
00

2£ per cent.
3
3^
»
3|

“

Amount.

$250,000
691,500
262,000
836,400
53,500

Rate.

00
00
00
00
00

3| per cent.
4
“
41
“
4à
“
4|

Amount.

$966,344
38,500
126,900
44,475
1,000

Rate.

46
00
00
00
00

5 per cent.
fié
“
6
l<
7
7_3_ «
' 10

Value, by books, of real estate, held by foreclosure or otherwise,
.
.
$8,000 00
Assessed value of the s a m e ,.................................................................................
7,500 00
Net income received from same during year ending Oct. 31, 1889,
.
.
132 00
Number of loans which are of an amount not exceeding $3,000 each, . 183
3,16764 00
Aggregate amount of the s a m e , .............................................................. ........
Total number of loans upon real estate,
.
.
.
.
.
.
315
Amount of investments from which no income is received, .
.
.
.
94,197 30
Gross amount of interest or profits received or earned, as per books, during
year ending Oct. 31, 1 8 8 9 ,.................................................................................
213,798 21
Rate and amount of each semi-annual dividend during the 1 2 per cent., f
81,825 99
year ending Oct. 31, 1889, .
.
.
.
.
.
I 2 per cent., 1 84,423 43
Times for the dividends fixed by the by-laws: third Wednesday in April
and October.
Number of accounts opened during the year ending Oct. 31, 1889,
2,494
Number of accounts closed during the year ending Oct. 31, 1889,
1,732
Total number of open accounts Oct. 31, 1889,
.
.
.
.
12,410
Expenses of the corporation for the year ending Oct. 31, 1889 (exclusive
o f t a x e s ) , ...........................................................................................................
10,856 91
Amount of deposits, not including dividends, received during the year end­
ing Oct. 31, 1889,.................................................................................................. 1,147,352 00
Number of s a m e , .................................................................................15,886
Amount of withdrawals, including dividends, during the year ending Oct.
31, 1 8 8 9 , ...........................................................................................................
947,213 53
Number of s a m e , .................................................................................11,142
Date of examination by commissioner: May 31.


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Federal Reserve Bank of St. Louis

290

B A N K CO M M ISSIO N ERS’ R E PO R T.

[Jan.

Classification o f Deposits received during the Year ending Oct. 3 1 ,1 8 8 9 .
Num­
ber.
Of $50 and less,
Exceeding $50, and
more than $100, .
Exceeding $100, and
more than $200, .
Exceeding $200, and
more than $500, .
Exceeding $500, and
than $1,000, .
O f $1,000 or more, .

Num­

Amount.

11,680

$237,128 00

2,182

179,421 00

945

147,162 00

683

237,943 00

197
199

141,815 00
203,883 00

not
not
not

ber.
To the credit —
O f women, both adult
and minor,
O f guardians,
O f religious and chari­
table associations, .
In trust.................................

Amount.

7,423
25

$497,190 00
5,867 00

111
1,359

10,094 00
137,178 00

less

15,886 $1,147,352 00

Co m m o n w e a l t h o f M a s s a c h u s e t t s .
S u f f o l k , s s ., N ov .

12, 1889.

Personally appeared Edward Richards, Treasurer of the Institution for Savings in
Roxbury and its Vicinity, and made oath that the foregoing statement, by him sub­
scribed, is a true and correct statement of all the resources and liabilities of said
institution, and that the answers made by him to the foregoing interrogatories contain
the whole truth in reference to the matters to which they relate, according to his best
knowledge and belief.
Before me,

R o b e r t G. M o l i n e u x , Justice o f the Peace.

S u f f o l k , s s ., N o v .

16, 1889.

Personally appeared Arthur W . Tufts, President, and Augustus Richardson, Samuel
Little, John D. Williams, Walter H. Cowing and S. A . Bolster, trustees of said cor­
poration, and severally made oath that the annexed report is correct, according to their
best knowledge and belief.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Before me,

R o b e r t B. F a i r b a i r n , Justice o f the r ea ce.

1890.]

P U B L IC D O CU M EN T — No. 8.

291

IP S W IC H S A V IN G S B A N K - IP S W IC H .

Incorporated 1869.

Present number of corporators, 23.

J o s e p h R oss , President.

T h e o d o r e F . C o g s w e l l , Treasurer.

T h e o . F . C o g s w e l l , Clerk o f the Corporation.

Names of committee charged with the investment of its funds :
Ch ar les A . Sa y w a r d ,

J. B . G r a n t ,

R o b e r t Jo r d a n ,

D. M . T y l e r ,

T h om as H . L ord.

Open for business every business day, 8.30

a .m .

to 12.30

B a l a n c e Sh e e t , O ctober

A ssets.

p .m

., also Saturday, 4 to 6 p . m .

31, 1889.

L ia b il it ie s .

Public funds as per schedule, .
Loans on public funds,
Bank stock as per schedule,
Railroad bonds as per schedule,
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
( n o t e s ) ,....................................
Loans on depositors’ books,
Deposits in banks, on interest, .
Deposit in bank, not on interest,
Cash on hand, .
.
.
.

$12,350
1,300
56,486
23,000
2,235
210,857
12,620

00
00
00
00
25
50
00

8,200
130
26,531
2,222
1,543

00
00
37
65
93

$357,476 70

Deposits, .
Guaranty fund,
Interest account,

$344,642 72
7,500 00
5,333 98

$357,476 70

Cash on Deposit in Banks, amount in each : —
First National Bank, Salem, .
Merchants’ National Bank, Salem,
Fourth National Bank, Boston,

$14,222 65
6,496 42
8,034 95

Loans on Public Funds, amount on each: —
On $1,000 City of Newton, Mass., 6s,
On $ 1,000 City of Chelsea, Mass., 6s,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

.
.

$800 00
500 00

292

B A N K CO M M ISSIO N ERS’ R E P O R T .

[Jan

Detailed Statement o f Public Funds.

Tar Value.

City of Bangor, Me., 6s, .
of Dover, N. IL , 6s, .
of Keene, N. H ., 5 s,.
of Lewiston, Me , 5s,
of Manchester, N. 11 , 6s,.
of Providence, R I., 5s, .

$1,000
500
2,500
2,000
600
5,000
$11,600

*A

Estimated
Market Value.

$1,150
550
2,750
2,400
636
5,700

00
00
00
00
00
00

$13,186 00

Amount Invested.

$930
505
2,500
2,400
600
5,420

00*
00
00
00
00
00

$12,350 00

legal investment when made.

Ho. of
Shares.

Detailed Statement o f Bank Stocks.

10
10
10
4
18
20
2510
20
36
25
40

Atlas National Bank, Boston,.
Blackstone N’l Bank, Boston,
Continental N’l Bank, Boston,
N’l B’k of Commerce, Boston,
Eliot National Bank, Boston, .
Freeman’s Nat’l Bank, Boston,
Globe National Bank, Boston,
Hamilton Nat’l Bank, Boston,
Howard Nat’l Bank, Boston, .
Merchants’ N’l Bank, Boston,
N’l B’k of the Republic, Boston,
New England N’l B’k, Boston,
Nat’l Revere Bank, Boston, .
8
30 N’l B’k of Redemption, Boston,
4 Second Nat’l Bank, Boston, .
10 Tremont Nat’l Bank, Boston,.
24 National Union Bank, Boston,
12 Gloucester N’l B’k, Gloucester,
N’l Grand Bank, Marblehead,
8
63 Asiatic Nat’l Bank, Salem,
13 Nat’l Exchange Bank, Salem,
43 First National Bank, Salem, .
41 Merchants’ N’l Bank, Salem, .
19 Mercantile N’l Bank, Salem, .
27 NaumkeagNat’l Bank, Salem,
21 Salem National Bank, Salem,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Par Value.

$1,000
1,000
1,000
400
1,800
2,000
2,500
1,000
2,000
3.600
2,500
4,000
800
3,000
400
1,000
2,400
1,200
800
1,890
1,300
4,300
2,050
1,900
2,700
2,100
$48,640

Estimated
Market Value.

$1,200
1,120
1,220
512
2,358
2,060
2,500
1,260
2,200
5,184
4,175
6,480
992
4,020
700
1,130
3,432
1,620
1,080
2,394
1,534
5,590
2,665
2,280
3,726
2,730

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

$64,162 00

Amount Invested.

$1,120
1,000
1,000
400
1,980
2,000
2,500
1,180
2,000
4,500
3,150
5,800
800
3,600
580
1,000
3,048
1,500
9-20
1,890
1,365
4,945
2,460
2,090
3,348
2,310

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

$56,486 00

1890.]

293

P U B L IC DO CU M EN T — No. 8.

Detailed Statement o f Railroad Bonds.

Par Value.

Boston & Lowell R.R. 5s,
Boston & Lowell R.R. 7s,
Boston & Lowell R R. 4|s,
Fitchburg R.R. 4|s,

Estimated

Amount Invested.

Market Value.

$10,000
1,000
1,000
10,000

$11,100
1.090
1.090
10,250

$22,000

$23,530 00

$10,910
1,000
1,090
10,000

00
00
00
00

00
00
00
00

$23,000 00

Total Amount o f Loans with Each Specified Rate o f Interest, including
Deposits in Ba?iks on Interest.

Amount.

Rate.

Amount.

Rate.

Amount.

Rate.

$6,496 42
8,034 95
14,000 00

2i per cent.
3
4

$2,400 00
3,800 00

4f per cent.
5
u

$6,000 00
218,907 50

5i per cent.
6

Value, by books, of real estate, held by foreclosure or otherwise,
Assessed value of the s a m e ,...............................................................
Number of loans which are of an amount not exceeding $3,000 each,
Aggregate amount of the s a m e , ......................................................
Total number of loans upon real estate,
.
.
.
.
.
Amount of investments from which no income is received, .

•

$2,235 25
2,750 00

224
195,162 50
198
2,235 25
, dur-

ing year ending Oct. 31, 1889,
cent., f
year ending Oct. 31, 1 8 8 9 ,...................................................... J 2 per cent., i
Times for the dividends fixed by the by-laws: fourth Wednesday in
January and July.
Number of accounts opened during the year ending Oct. 31, 1889,
. 266
Number of accounts closed during the year ending Oct. 31, 1889,
. 195
.
.
.
.
1,593
Total number of open accounts Oct. 31, 1889,
Expenses of the corporation for the year ending Oct. 31, 1889 (exclusive
of taxes),
............................................................................................................
Amount of deposits, not including dividends, received during the year end­
ing Oct. 31, 1889,...................................................................................................
Number of s a m e , .......................................................................................... 1,474
Amount of withdrawals, including dividends, during the year ending Oct.
31, 1 8 8 9 , ...........................................................................................................
Number of s a m e , ..................................................................................... 977
Date of examination by commissioner : August 9.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

18,035 37
6,106 50
6,225 93

1,826 08
86,588 88

79,372 14

294

B A N K CO M M ISSIO N ERS’ R E P O R T .

[Jan.

Classification o f Deposits received during the Year ending Oct. 3 1 , 18S9.
Num­
ber.
O f $50 and less,
Exceeding $50, and not
more than $100, .
Exceeding $100, and not
more than $200, .
Exceeding $200, and not
more than $500, .
Exceeding $500, and less
than $1,000, .
Of $1,000 or more, .

Num­

Amount.

ber.

1,109

$21,067 31

208

16,926 90

84

13,293 60

53

19,073 71

12
8

7,727 36
8,500 00

1,474

$86,588 88

Com m onw ealth

To the credit —
Of women, both adult
and minor,
Of guardians,
O f religious and chari­
table associations, .
In trust, .
.
.
.

of

Amount. -

764
1

$37,582 39
76 02

48
50

3,978 56
5,003 82

M assa ch u setts.
E ssex,

ss .,

N ov . 14, 1889.

Personally appeared Theodore F. Cogswell, Treasurer of the Ipswich Savings Bank,
and made oath that the foregoing statement, by him subscribed, is a true and correct
statement of all the resources and liabilities of said institution, and that the answers
made by him to the foregoing interrogatories contain the whole truth in reference to the
matters to which they relate, according to his best knowledge and belief.
Before me,

C h a r l e s A . S a y w a r d , Justice o f the Peace.

E ssex,

s s .,

N ov . 14, 1889.

Personally appeared Joseph Ross, President, and Wm. Willcomb, Robert Jordan,
Nathaniel R. Farley, Thomas H. Lord and Frederic Willcomb, trustees of said corpora­
tion, and severally made oath that the annexed report is correct, according to their best
knowledge and belief.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Before me,

C h a r l e s A . S a y w a r d , Justice o f the Peace.

1890.]

295

P U B L IC DO CU M EN T — No. 8

L A W R E N C E SA V IN G S B A N K — L A W R E N C E .

Incorporated March 10, 1868.

Present number of corporators, 43.

W i . R. S p a l d in g , Treasurer.
R. S p a l d in g , Clerk o f the Corporation.

H e z e k i a h P l u m m e r , President.
W

m.

Names of committee charged with the investment of its funds:
H e z e k ia h P l u m m e r ,
R. H . T e w k s b u r y ,
J. S. N e e d h a m ,
R. M . Cross,
J o h n R. P o o r .

Open for business every business day, except Saturday, 9
9 a . m . to 12 m ., 7 to 8 p .m .

B a l a n c e Sh e e t , O c to b er

A ssets.

Public funds as per schedule, .
Bank stock as per schedule,
Loans on bank stock,.
Railroad bonds as per schedule,
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
(n o te s ),....................................
Deposits in banks, on interest, .
Deposits in banks, not on interest,
Expense account,
Cash on hand, .
.
.
.

a .m .

to 1

p .m . ;

Saturday,

31, 1889.

L ia b il it ie s .

$38,000
82,000
20,950
95,000
1,000
261,280
150,661

00
00
00
00
00
00
69

7,500
42,087
5,000
1,289
1,595

00
78
00
03
23

Deposits, .
Guaranty fund,
Interest account,

$706,363 73

$665,397 66
14,025 00
26,941 07

$706,363 73

Cash on Deposit in Banks, amount in each : —
National Pemberton Bank, Lawrence, .
Lawrence National Bank, Lawrence,
.
National Bank of the Commonwealth, Boston,

$30,087 56
15,000 00
2,000 22

Loans on Bank Stock, amount on each : —
On
On
On
On
On
On
On

131 shares Essex National Bank, Haverhill, .
10 shares Lawrence National Bank, Lawrence,,
28 shares Old Lowell National Bank, Lowell, .
8 shares National Pemberton Bank, Lawrence,
5 shares Pacific National Bank, Lawrence,
10 shares Bay State National Bank, Lawrence,
35 shares Merchants’ National Bank, Lawrence,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$13,100 00
1,000 00
2,800 00
350 00
700 00
3,000 00

296

B A N K C O M M ISSIO N ERS’ R E P O R T .

[Jan

Detailed Statement o f Public Funds.

Par Value.

Citv of Columbus, Ohio, 6s,
Town of Danvers, Mass , 4s,
City of Fall River, Mass., 6s,
of Keene, N. H , 4s,
of Lawrence, Mass., 6s,
of Pawtucket, R I., 6s,
of Waltham, Mass., 4s,
of Worcester, Mass., 6s,
United States 6s,

.
.
.
.
.
.

Estimated
Market Value.

$10,000
6,000
2,000
6,000
1,000
3,000
5,000
4,000
1,000

$10,500
6,186
2,590
6,030
1,205
3,405
5,275
4,240
1,175

00
25
00
00
00
00
00
00
00

$38,000

$40,606 25

Amount Invested.

$10,000
6,000
2,000
6,000
1,000
3,000
5,000
4,000
1,000

00
00
00
00
00
00
00
00
00

$38,000 00

Ko. of

Shares.

Detailed Statement o f Bank Stocks.

20
29
10
55
24
16
15
63
103
56
20
23
27
27
54
58
18
40
89
10
63

Par Value.

Atlas National Bank, Boston,
Blackstone ISTI Bank, Boston,
National City Bank, Boston, .
Central Nat’l Bank, Boston, .
Eliot National Bank, Boston,.
First Ward N’l Bank, Boston,
Howard Nat’l Bank, Boston, .
Fourth Nat’l Bank, Boston, .
N’l Hide & Leather B’k, Boston,
Market Nat’l Bank, Boston, .
Merchants’ N’l Bank, Boston,
N’l B’k of No. America,Boston,
N’l B’k of Commerce, Boston,
N’l B’k of the Commonwealth,
Boston,
.
.
.
.
State National Bank, Boston,
Third National Bank, Boston,
Traders’ Nat’l Bank, Boston,.
Tremont Nat’l Bank, Boston,
Nat’l Webster Bank, Boston,.
Lawrence N’l B’k, Lawrence,
N’l Pemberton B’k, Lawrence,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Estimated
Market Value.

Amount Invested.

$2,000
2,900
1,000
5,500
2,400
1,600
1,500
6,300
10,300
5,600
2,000
2,300
2,700

$2,365
3,269
950
7,438
3,156
2,120
1,650
7,418
12,360
5,600
2,845
2,811
3,456

00
75
00
75
00
00
00
25
00
00
00
75
00

$2,000
2,900
1,000
5,500
2,400
1,600
1,500
6,300
10,300
5,600
• 2,000
2,300
2,700

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

2,700
5,400
5,800
1,800
4,000
8,900
1,000
6,300

4,583
6,534
6,061
1,766
4,640
8,900
1,260
9,135

25
00
00
15
00
00
00
00

2,700
5,400
5,800
1,800
4,000
8,900
1,000
6,300

00
00
00
00
00
00
00
00

$82,000

$98,319 90

$82,000 00

1890.]

297

P U B L IC D O CU M EN T — No. 8.

Detailed Statement o f Railroad Bonds.

Par Value.

Boston & Lowell R.R. 4s,
Fitchburg R.R. Cs, .
Fitchburg R R. 5s, .
Old Colony R.R. 4^s,

$50,000
5,000
20,000
20,000
$95,000

Estimated
Market Value.

$53,008
5,575
21,083
21,775

38
00
33
00

$101,441 71

Amount Invested.

$50,000
5,000
20,000
20,000

00
00
00
00

$95,000 00

Total Amount o f Loans with Each Specified Rate o f Interest, including
Deposits in Banks on Interest.

Amount.

$2,000
40,087
7,500
25,000

Kate.

22
56
00
00

2 per cent.
3
«
4
“
41
“

Kate.

Amount.

4^ per cent.
5

$215,871 69
6,500 00
7,570 00

Amount.

$29,500 00
97,750 00
50,700 00

5è

“

Rate.

6 per cent.
“
7

6h

Value, by books, of real estate, held by foreclosure or otherwise,
.
.
$1,000 00
Assessed value of the s a m e ,.................................................................................
2,400 00
Net income received from same during year ending Oct. 31, 1889,
.
.
156 56
Number of loans which are of an amount not exceeding $3,000 each, 221
Aggregate amount of the s a m e , ........................................................................213,421 69
Total number of loans upon real estate,........................................................ 223
Gross amount of interest or profits received or earned, as per books, during
year ending Oct. 31, 1889....................................................................
34,594
89
Rate and amount of each semi-annual dividend during the ) 2 £ per cent., ^
13,760 19
year ending Oct. 31, 1 8 8 9 , .....................................................>2 per cent., f
11,768 14
Times for the dividends fixed by the by-laws: January 1 and July 1.
Number of accounts opened during the year ending Oct. 31, 1889,
. 614
Number of accounts closed during the year ending Oct. 31,1889,
. 392
Total number of open accounts Oct. 31, 1889,
.
.
.
.
1,961
Expenses of the corporation for the year ending Oct. 31, 1889 (exclusive of
taxes),-....................................................................................................
2,348
35
Amount of deposits, not including dividends, received during the year end­
ing Oct. 31, 1889,...................................................................................................
214,685 35
Number of s a m e , .......................................................................................... 2,988
Amount of withdrawals, including dividends, during the year ending Oct.
31, 1889,
.
148,780 63
Number of same................................................................................................1,341
Date of examination by commissioner: April 25.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

298

B A N K CO M M ISSIO N ERS’ R E PO R T.

[Jan.

Classification o f Deposits received during the Year ending Oct. 3 1 ,1 8 8 9 .

O f $50 and less,
Exceeding $50, and
more than $100, .
Exceeding $100, and
more than $200, .
Exceeding $200, and
more than $500, .
Exceeding $500, and
than $1,000, .
O f $1,000 or more, .

Num­
ber.

Amount.

2,193

$36,684 33

382

32,075 71

185

29,176 66

154

53,880 03

36
38

24,868 62
38,000 00

2,988

$214,685 35

Num­
ber

To the credit —
O f women, both adult
and minor,
O f guardians,
O f religious and char­
itable associations, .
In trust................................

not
not
not

1,000
19

$80,914 71
5,469 93

20
85

2,052 51
20,719 62

less

C om m onw ealth

of

Amount.

M assa ch u setts.
E ssex,

ss .,

N ov . 7, 1889.

Personally appeared William R. Spalding, Treasurer of the Lawrence Savings Bank,
and made oath that the foregoing statement, by him subscribed, is a true and correct
statement of all the resources and liabilities of said institution, and that the answers
made by him to the foregoing interrogatories contain the whole truth in reference to
the matters to which they relate, according to his best knowledge and belief.
Before me,

W

il b u b

E . R o w e l l , Justice o f the Peace.

E ssex,

ss .,

N ov. 7, 1889.

Personally appeared Hezekiah Plummer, President, and Rob’t C. Tewksbury, J. S.
Needham, John R. Poor, A . E. Mack and R. M. Cross, trustees of said- corporation,
and severally made oath that the annexed report is correct, according to their best
knowledge and belief.
Before me,
W i l b u b E . R o w e l l , Justice o f the Peace.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

1890.]

299

P U B L IC D O CU M EN T — No.

L E E S A V IN G S B A N K - L E E .

Incorporated March 5, 1852.

Present number of corporators, 59.

P k e n t is s C. B a i h d , President.

J o h n L. K il b o n , Treasurer.

J o h n L. K il b o n , Clerk o f the Corporation.

Names of committee charged with the investment of its funds :
P. C. B a i k d ,

C. C. B e n t o n ,

C. C. H o l c o m b e .

Open for business every business day, 9

B a l a n c e Sh e e t , O c t o b e r

to 3

p .m .

31, 1889.

L ia b il it ie s .

A ssets.

Public funds as per schedule, .
Loan on public funds,
Bank stock as per schedule,
Loans on bank stock,
Railroad bonds as per schedule,
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
( n o te s ),....................................
Deposit in bank, on interest,
Deposit in bank, not on interest,

a .m .

$114,000
300
158,000
1,840
15,975
3,000
242,444
137,260

00
00
00
00
00
00
11
00

Deposits, .
Guaranty fund,
Profit and loss ac­
count, .

$679,488 44
28,000 00
25,173 80

19,500 00
25,060 12
15,283 01
$732,662 24

$732,662 24

Cash on Deposit in Banks, amount in each : —
Lee National Bank, L e e , .................................................................................$15,283 01
Springfield Safe Deposit and Trust Company, Springfield..............................
25,060 12
Loan on Public Funds : —
On $300 United States 4 s , ................................................................................ $300 00
Loans on Bank Stock, amount on each : —
On 3 shares
On 3 shares
On 7 shares
On 13 shares
On 5 shares

Lee National Bank, L e e , ........................................................................ $250
Lee National Bank, L e e , .............................................................
300
Lee National Bank, L e e , .............................................................
200
Lee National Bank, L e e ,...............................................................
590
Lee National Bank, L e e , .............................................................
500


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

00
00
00
00
00

300

B A N K CO M M ISSIO N ERS’ R E P O R T .

[Jan.

Detailed Statement o f Public Funds.

Par Value.

Town of Adams, Mass., 6s,
City of* Boston, Mass,, is,
of Boston, Mass., 5s,
of Boston, Mass , 6s,
District of Columbia 5s, .
County of Hampden, Mass., 3s,
City of Hartford, Conn., 4^s, .
of Providence, R. I., 5s, .
of Springfield, Mass., 7s,.
Commonwealth of Massachusetts 5s,

$500
9,000
1,000
10,000
10,000
45,000
3,000
10,000
10,000
20,000
$118,500

Estimated
Market Value.

$530
9,000
1,205
12,650
11,300
42,750
3,000
11,790
10,450
22,225

00
00
00
00
00
00
00
00
00
00

$124,900 00

Amount Invested.

$500
9,000
1,000
10,000
10,000
40,500
3,000
10,000
10,000
20,000

00
00
00
00
00
00
00
00
00
00

$114,000 00

No. of

Shares.

Detailed Statement o f Bank Stocks.

54
25
40
10
28
23
15
100
10
10
50
55
10
91
50
30
68
65
40
35
15
30
180
70
150
36

Par Value.

First National Bank, Adams,.
First National Bank, Amherst,
Birmingham National Bank,
Birmingham, C t,
Atlantic Natl Bank, Boston, .
Atlas Natl Bank, Boston,
Continental N1 Bank, Boston,
Everett Nat’l Bank, Boston, .
First National Bank, Boston,.
Hamilton Natl Bank, Boston,
Massachusetts N’l B’k, Boston,
Merchandise N1 B’k, Boston,
N’l B’k of Commerce, Boston,
N’l B’k of the Commonwealth,
Boston,
.
.
.
.
N’l B’k of No . America, Boston,
N’l B’k of Redemption, Boston,
N’l B’k of the Republic, Boston,
National Eagle Bank, Boston,
N’l Hide & Leather B’k, Boston,
Nat’l Revere Bank, Boston, .
Nat’l Webster Bank, Boston,.
State National Bank, Boston,
City N’l Bank, Bridgeport, Ct.,
Lee National Bank, Lee,
Adams N’l B’k, North Adams,
Pittsfield N’l Bank, Pittsfield,
Agawam N’l B’k, Springfield,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Estimated
Market Value.

Amount Invested.

$5,400
2,500

$8,640 00
3,750 00

$6,300 00
3,500 00

4,000
1,000
2,800
2,300
1,500
10,000
1,000
2,500
5,000
5,500

6,800
1,425
3,311
2,817
1.545
24,250
1,250
2,734
3,475
7,040

00
00
00
50
00
00
00
37
00
00

6,600
1,000
2,800
2,300
1,500
10,000
1,000
2,500
5,000
5,500

00
00
00
00
00
00
00
00
00
00

1,000
9,100
5,000
3,000
6,800
6,500
4,000
3,500
1,500
3,000
18,000
7,000
15,000
3,600

1,700
11,124
6,725
5,010
7,004
7,800
4,960
3,500
1,815
4,500
25,200
9,450
22,800
4,212

00
75
00
00
00
00
00
00
00
00
00
00
00
00

1,000
9,100
5,000
3,000
6,800
6,500
4,000
3,500
1,500
4,400
18,500
7,000
18,500
4,000

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

1890.]

301

PU B L IC D O CU M ENT — No. 8.

No. of

Shares.

Detailed Statement o f Bank Stocks — Concluded.

20
30
75

Par Value.

First Nat’l Bank, Springfield,
Second N'l Bank, Springfield,
Ilousatonic Nat’l Bank, Stockbridge,
.
.
.
.

Estimated
Market Value.

Amount Invested.

$2,000
3,000

$2,700 00
4,500 00

$2,800 00
4,900 00

7,500

13,125 00

9,500 00

$143,000

$203,163 62

$158,000 00

Detailed Statement o f Bailroad Bonds.

Par Value.

Fitchburg R.R. 5s, .
Old Colonj- R.R. 4s,

.

.

.

Estimated
Market Value.

Amount Invested.

$10,000
5,000

$10,600 00
5,450 00

$10,475 00
5,500 00

$15,000

$16,050 00

$15,975 00

Total Amount o f Loans with Each Specified Rate o f Interest, including
Deposits in Banks on Interest.

Kate.

Amount.

3j| per cent.

$198,825 00

Amount.

$25,060 12

Rate.

5 per cent.

Amount.

$202,519 11

Kate.

6 per cent.

Value, by books, of real estate, held by foreclosure or otherwise,
.
.
$3,000 00
Assessed value of the same.....................................................................................
3,000 00
Number of loans which are of an amount not exceeding $3,000 each, . 234
Aggregate amount of s a m e , ...............................................................................
187,203 23
Total number of loans upon real estate, ..................................................... 218
Gross amount of interest or profits received or earned, as per books, during
year ending Oct. 31, 1 8 8 9 , ...............................................................................
37.014 87
Rate and amount of each semi-annual dividend during the ?2 per cent., $ 12,588 47
year ending Oct. 31, 1 8 8 9 , ..................................................... >2 per cent., f
12,769 93
Times for the dividends fixed by the by-laws: May 31 and November 30.
Number of accounts opened during the year ending Oct. 31, 1889,
. 298
Number of accounts closed during the year ending Oct. 31, 1889,
. 262
Total number of open accounts Oct. 31, 1889,
.
.
.
.
2,103
Expenses of the corporation for the year ending Oct. 31, 1889 (exclusive
2,535 31
of t a x e s ) , ..........................................................................................................


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

302

B A N K C O M M ISSIO N E R S’ R E P O R T .

[Jan.

Amount of deposits, not including dividends, received during the year
ending Oct. 31,1889............................................................................................... $122,810 79
Number of s a m e , ................................................................................1,486
Amount of withdrawals, including dividends, during the year ending Oct.
31> 1889.....................................................................................................................
125,035 48
Number of s a m e , ................................................................................1,119
Date of examination by commissioner: August 1.

Classification o f Deposits received during the Year ending Oct. 3 1 , 1889.

O f $50 and less,
Exceeding $50, and not
more than $100, .
.
Exceeding $100, and not
more than $200, .
Exceeding $200, and not
more than $500, .
Exceeding $500, and less
than $1,000, .
.
O f $1,000 or more, .

Num­
ber.

Amount.

1,011

$21,370 62

227

18,691 76

116

18,090 64

83

27,707 67

40
9

27,904 60
9,045 50

1,486

$122,810 79

Com m o n w ea lth
B e r k s h ir e ,

ss .

Num­
ber.

of

To the credit —
O f women, both adult
and minor,
O f guardians,
O f religious and char­
itable associations, .
In trust, .
.
.
.

Amount.

716
3

$61,470 85
1,411 37

31
19

2,243 54
3,353 58

M a s sa c h u s e t t s .
L e e , N ov . 18, 1889.

Personally appeared John L. Kilbon, Treasurer of the Lee Savings Bank, and made
oath that the foregoing statement, by him subscribed, is a true and correct statement
of all the resources and liabilities of said institution, and that the answers made by
him to the foregoing interrogatories contain the whole truth in reference to the matters
to which they relate, according to his best knowledge and belief.
Before me,
B e r k s h ir e ,

ss .

P. H. C a s e y , Justice o f the Peace.
L e e , N ov . 18, 1889.

Personally appeared Prentiss C. Baird, President, and C. C. Benton, C. C. Holcombe,
J. F. Benton, G. K. Baird and Frederick Washburn, trustees of said corporation, and
severally made oath that the annexed report is correct, according to their best knowledge
and belief.
Before me,
P. H . C a s e y , Justice o f the Peace.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

1890.]

P U B L IC D O CU M EN T — No. 8

303

L E IC E S T E R S A V IN G S B A N K — L E IC E S T E R .

Incorporated 1869.
L o u t S. W

atson,

Present number of corporators, 33.

President.

G e o . H . S p r a g u e , Treasurer.

P a r k m a n T. D e n n t , Clerk o f the Corporation.

Names of committee charged with the investment of its funds:
L o r y S. W

atson,

J o h n N. M u r d o c k ,

Ch a s . A . D e n n y,

T. E . W

D e x t e r K n ig h t ,

A . B . D a v id s o n .

ood co ck ,

Open for business every business day, except Saturday, 9
Saturday, 9 a . m . to 1 p . m .

B a l a n c e Sh e e t , O c to ber

A ssets.

Public funds as per schedule, .
Loan on public funds,
Bank stock as per schedule,
Loan on bank stock, .
Railroad bonds as per schedule,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
(notes)...............................
Deposit in bank, on interest,
Expense account,
Premium account,

A .M .t o

1 p . m ., 2 to 4

p . a i. ;

31, 1889.

L ia b il it ie s .

$153,000
1,000
42,659
367
46,000
124,865
33,220

00
00
69
50
00
00
98

8,500
4,240
371
42

00
69
65
50

$414,268 01

Deposits, .
Guaranty fund,
Interest account,

$389,128 72
12,628 69
12,510 60

$414,268 01

Cash on Deposit in Bank : —
Leicester National Bank, Leicester........................................................................$4,240 69
Loan on Public Funds : —
On $1,000 United States 4 s , ................................................................................ $1,000 00
Loan on Bank Stock : —
On 5 shares Leicester National Bank, Leicester,.............................................$367 50


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Federal Reserve Bank of St. Louis

304

B A N K CO M M ISSIO N ERS’ R E P O R T .

[Jan

Detailed Statement o f Public Funds.

Par Value.

Town of Beverly, Mass., 4s, .
City of Chelsea, Mass , 6s,
Town of Clinton, Mass., 4s, .
City of Columbus, Ohio, 4s, .
of Cleveland, Ohio, 4s, .
of Dayton, Ohio, 4s,
of Fall River, Mass., 6s, .
Town of Holbrook, Mass., 4 s,.
City of Indianapolis, Ind., 8 s,.
of Lynn, Mass., 6s, .
of Lynn, Mass , 4s, .
of Lawrence, Mass., 4s, .
of Lowell, Mass., 4s,
of Manchester, N. H . , 6s,
Town of Randolph, Mass., 4s,
City of Somerville, Mass., os, .
County of Strafford, N. EL, 4s,
City of Worcester, Mass., 6s, .
of Worcester, Mass., 4Js,
of Waterbury, Conn., 4 s,.

$10,000
$,000
10,000
10,000
5,000
5,000
1,000
10,000
5,000
6,000
3,000
10,000
10,000
1,000
24,000
9,000
5,000
12,000
4,000
5,000

Estimated
Market Value.

$10,600
8,920
10,350
10,100
5,125
5,175
1,195
10,750
5,650
6,600
3,240
10,550
10,650
1,230
25,800
9,045
5,000
12,660
4,560
5,200

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

Amount Invested.

$10,000
8,000
10,000
10,000
5,000
5,000
1,000
10,000
5,000
6,000
3,000
10,000
10,000
1,000
24,000
9,000
5,000
12,000
4,000
5,000

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

$153,000 $162,400 00 $153,000 00

No. of

Shares.

Detailed Statement o f Bank Stocks.

10
30
25
10
15
20
30
50
15
12
10
50
21
37
11
25

Par Value.

Continental N’l Bank, Boston,
Eliot National Bank, Boston,
Howard Nat/1 Bank, Boston,
Maverick Nat’l Bank, Boston,
Market Nat’l Bank, Boston, .
North National Bank, Boston,
Nat’l Webster Bank, Boston,
N’l Hide & Leather B’k,Boston,
Nat’l Revere Bank, Boston, .
Nat’l Bank of North America,
Boston,
.
.
.
.
N’l B’k of the Commonwealth,
Boston,
.
.
.
.
State National Bank, Boston,
Traders’ Nat’l Bank, Boston,
Leicester N’l Bank, Leicester,
Millbury N’l Bank, Millbury,
Central N’l Bank, Worcester,


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Federal Reserve Bank of St. Louis

$1,000
3,000
2,500
1,000
1,500
2,000
3,000
5,000
1,500

Estimated
Market Value.

$1,225
3,945
2,750
2,400
1,500
2,780
3,000
6,000
1,860

00
00
00
00
00
00
00
00
00

Amount Invested.

$1,150
3,610
2,635
1,178
1,770
2,425
3,000
5,954
1,925

00
00
00
75
04
00
00
40
00

1,200

1,467 00

1,346 00

1,000
5,000
2,100
3,700
1,100
2,500

1.697
6,050
2,000
4,995
1,298
3,625

1,100
5,397
2,628
3,700
1,314
3,525

$37,100

50
00
25
00
00
00

$46,592 75

00
50
50
00
50
00

$42,659 69

1890.]

305

P U B L IC D O CU M EN T — No. 8.

Detailed Statement o f Railroad Bonds.

Par Value.

Easteni R R. 6s,
Vermont & Massachusetts R.R. 5s,
Boston & Lowell R.R. 4s,
Boston & Providence R.R. 4s,
Boston & Maine R.R. 4s,
Fitchburg R R. 4s, .
Fitchburg R R. 4£s,..........................
Leeds & Farmington R.R. 6s, .
Old Colony R.R. 4s,
. . .

$3,780
11,100
7,280
5,400
5,375
3,840
3,075
4,500
5,450

$3,000
10,000
7,000
5,000
5,000
4,000
3,000
4,000
5,000
$46,000

*A

Estimated
Market Value.

00
00
00
00
00
00
00
00
00

$49,800 00

Amount Invested.

$3,000
10,000
7,000
5,000
5,000
4,000
3,000
4,000
5,000

00*
00
00
00
00
00
00
00
00

$46,000 00,

legal investment when made.

Total Amount o f Loans with Each Specified Rate o f Interest, including
Deposits in Banks on Interest.

Amount.

Kate.

Amount.

Kate.

Amount.

Kate.

$4,240 69
25,720 98

3 per cent.
4
“ '

$98,392 50
1,800 00

5 per cent.
5£
“

$42,040 00

6 per cent.

Number of loans which are of an amount not exceeding $3,000 each,. 103
Aggregate amount of the same,
.
.
...................................................... $101,128 48
Total number of loans upon real e s t a t e , .............................................99
Gross amount of interest or profits received or earned, as per books, during
19,604 89
year ending Oct. 3 1 ,1 8 8 9 ,.................................................................................
7,276 69
Rate and amount of each semi-annual dividend during the 12 per cent., i
7,365 38
year ending Oct. 31, 1 8 8 9 ,...................................................... \2 per cent., (
Times for the dividends fixed by the by-laws: June 1 and December 1.
Number of accounts opened during the year ending Oct. 31, 1889,
. 102
Number of accounts closed during the year ending Oct. 31, 1889,
. 82
Total number of open accounts Oct. 31, 1 8 8 9 , .................................... 869
Expenses of the corporation for the year ending Oct. 31, 1889 (exclusive of
1,128 92
taxes), .....................................................................................................................
Amount of deposits, not including dividends, received during the year end­
46,363 23
ing Oct. 31, 1889,...................................................................................................
Number of s a m e , ......................................................................................... 563
Amount of withdrawals, including dividends, during the year ending Oct.
55,190 14
31, 1 8 8 9 , ............................................................................................................
Number of same........................................................................................... 536
Date of examination by commissioner: April 8.


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Federal Reserve Bank of St. Louis

306

B A N K C O M M ISSIO N E R S’ R E P O R T .

[Jan.

Classification o f Deposits received during the Year ending Oct. 3 1 ,1 8 8 9 .
Num­
ber.
O f $50 and less,
Exceeding $50, and not
more than $100, .
Exceeding $100, and not
more than $200, .
Exceeding $200, and not
more than $500, .
Exceeding $500, and less
than $1,000, .
O f $1,000 or more, .

Num­

Amount.

ber.

386

$7,713 22

87

6,884 78

38

6,238 72

38

14,033 72

10
4

7,492 79
4,000 00

563

$46,363 23

Co m m o n w ea lth

of

To the credit —
Of women, both adult
and minor,
O f guardians,
O f religious and charitable associations, .
In trust................................

Amount.

268
3

$20,389 07
67 50

3
14

211 66
3,185 31

M assa ch u setts.
W

o r c e s t e r , ss .,

N ov . 1, 1889.

Personally appeared George H. Sprague, Treasurer of the Leicester Savings Bank,
and made oath that the foregoing statement, by him subscribed, is a true and correct
statement of all the resources and liabilities of said institution, and that the answers
made by him to the foregoing interrogatories contain the whole truth in reference to the
matters to which they relate, according to his best knowledge and belief.
Before me,

P a r k m a n T. D

W

enny,

Notary Public.

o r c e s t e r , ss .,

N ov . 1, 1889.

Personally appeared Lory S. Watson, President, and J. N. Murdock, C. C. Denny,
Dexter Knight, L. D. Thurston, David Bemis and A . B. Davidson, trustees of said cor­
poration, and severally made oath that the annexed report is correct, according to their
best knowledge and belief.
Before me,
P a r k m a n T. D e n n y , Notary Public.


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Federal Reserve Bank of St. Louis

1890.]

307

P U B L IC D O CU M EN T — No. 8.

L E O M IN S T E R S A V IN G S B A N K — L E O M IN S T E R .

Incorporated 1865.

Present number of corporators, 35.

A. L. B u r d it t , Treasurer.
L. B u r d it t , Clerk o f the Corporation.

D w ig h t B. L o o k , President.

A.

Names of committee charged with the investment of its funds :
G eorge H a l l ,
C h a s . L . J o s l in ,
C h a s . C. B o y d e n ,
H a m il t o n M a y o ,
A . L . B u r d it t .

Open for business every business day, 9

a .m .

B a l a n c e Sh e e t , O c to b er

to 12 m ., 1 to 3

31, 1889.

L ia b il it ie s .

A ssets.

Loan on public funds,
Bank stock as per schedule,
Loan on bank stock, .
Railroad bonds as per schedule,
Loan on railroad bonds, .
Real estate (for banking pur­
poses), ....................................
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
(n o t e s ) ,....................................
Deposit in bank, on interest,
Deposit in bank, not on interest,
Tax account,
.
.
.
.
Cash on hand, .
.
.
.

p .m .

$3,000
69,850
3,175
30,075
800

00
00
00
00
00

$694,019 08
26,500 00
3,665 52

Deposits, .
Guaranty fund,
Interest account,

20,000 00
445,889 38
124,025 00
11,000
10,000
6,101
131
136

00
00
69
80
73
$724,184 60

$724,184 60

Cash on Deposit in Bank : —
Leominster National Bank, Leominster............................................................. $16,101 69
Loan on Public Funds : —
On $3,000 Town of Clinton bonds....................................................................... $3,000 00
Loan on Bank Stock: —
On 63 shares Leominster National Bank, Leominster,

.

.

.

.

$3,175 00

»

Loan on Railroad Bonds : —
On $1,000 Boston & Albany R .R . b o n d s ,......................................................


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$800 00

B A N K CO M M ISSIO N E R S’ R E P O R T .

308

[Jan

No. of

Shares.

Detailed Statement o f Bank Stocks.

75
62
21
27
61
10
5
•25
34
20
15
17
2
2
10
30
9
80
160
335

•

Par Value.

Estimated

Amount Invested.

Market Value.

Nat’l Webster Bank, Boston,
Boston Nat’l Bank, Boston, .
Traders’ Nat’l Bank, Boston,
Central Natl Bank, Boston, .
Globe National Bank, Boston,
Market Natl Bank, Boston, .
Blackstone N’l Bank, Boston,
Eliot National Bank, Boston,
Everett Natl Bank, Boston, .
Continental N ! B’k, Boston, .
Boylston Natl Bank, Boston,
Natl Eagle Bank, Boston,
Shoe & Leather N’l B’k, Boston,
Merchandise N’l B’k, Boston,
N’l B’k of the Commonwealth,
Boston,
.
N’l B’k of No. America, Boston,
N’lB ’k of Commerce, Boston,
Safety Fund N’l B’k, Fitchburg,
Leominster National Bank,
Leomi nster, .
.
.
.
First Nat’l Bank, Leominster,

* This

$7,500
6,200
2,100
2,700
6,100
1,000
500
2,500
3,400
2,000
1,500
1,700
200
200

$7,500
7,564
1,995
3,645
5,978
1,000
560
3,275
3,502
2,440
2,070
1,751
188
138

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

1,000
3,000
900
8,000

1,690
3,660
1,152
8,800

00
00
00
00

16,000
3,350

16,000 00
1,675 00

$69,850

$74,583 00

$7,500
6,200
2,100
2,700
6,100
1,000
500
2,500
3,400
2,000
1,500
1,700
200
200

00
00
00
00
00
00
00
00
00
00
00
00
00
00
•
1,000 00
3,000 00
900 00
8,000 00

16,000 00
3,350 00*
$69,850 00

bank is in process of liquidation.

Detailed Statement o f Railroad Bonds.

Par Value.

Fitchburg R.R. 5s, .
Fitchburg R.R. 4s, .
Boston & Maine R.R. 4 s ,.

Estimated
Market Value.

Amount Invested.

$5,000
10,000
15,000

$5,387 50
9,500 00
15,262 50

$5,312 50
9,500 00
15,262 50

$30,000

$30,150 00

$30,075 00

Total Amount of Loans with Each Specified Rate o f Interest, including
Deposits in Banks on Interest.
Amount.

$10,000 00
11,000 00

Kate.

3 per cent.
4


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Federal Reserve Bank of St. Louis

Amount.

Rate.

Amount.

$198,825 00
59,400 00

5 per cent.
sr
“

$318,664 38

Kate.

6 per cent.

1890.]

309

PU B L IC D O C U M E N T — No. 8.

Amount invested in real estate for banking purposes,....................................
Estimated value of the same,.................................................................................
Assessed value of the s a m e ,.................................................................................
Net income received from same during year ending Oct. 31, 1889,
Number of loans which are of an amount not exceeding $3,000 each, 431
Aggregate amount of the same, ........................................................................
Total number of loans upon real e s t a t e , ............................................. 439
Amount of investments from which no income is received, .
.
.
.
Gross amount of interest or profits received or earned, as. per books, during
year ending Oct. 31, 1 8 8 9 ,.................................................................................
Rate and amount of each semi-annual dividend during the ) 2 per cent., t
year ending Oct. 31, 1 8 8 9 ,...................................................... 12 per cent., (
Times for the dividends fixed by the by-laws : January 1 and July 1.
Number of accounts opened during the year ending Oct. 31, 1889,
. 459
Number of accounts closed during the year ending Oct. 31, 1889,
. 322
Total number of open accounts Oct. 31, 1889,
.
.
.
.
2,334
Expenses of the corporation for the year ending Oct. 31, 1889 (exclusive of
t a x e s ) ,...................................................................................................................
Amount of deposits, not including dividends, received during the year end­
ing Oct. 31, 1889,...................................................................................................
Number of s a m e , .......................................................................................... 1,929
Amount of withdrawals, including dividends, during the year ending Oct.
31, 1 8 8 9 , ............................................................................................................
Number of s a m e , .......................................................................................... 1,458
Date of examination by commissioner: August 29.

$

20,000 00
20,000 00

15,000 00
1,249 90
333,739 38
10,350 00
36,177 99
12,484 27
12,841 78

1,950 68
148,081 93

134,623 23

Classification o f Deposits received during the Year ending Oct. 3 1 ,1 8 8 9 .
Num­

Num­
ber.
O f $50 and less,
Exceeding $50, and
more than $100, .
Exceeding $100, and
more than $200, .
Exceeding $200, and
more than $500, .
Exceeding $500, and
than $1,000, .
O f $1,000 or more, .

Amount.

1,410

$27,541 56

258

21,514 78

115

18,643 46

90

32,801 64

38
18

28,350 70
19,229 79

1,929

$148,081 93

ber.
To the credit —
O f women, both adult
and minor,
Of guardians,
Of religious and char­
itable associations, .
In trust................................

not
not
not

Amount.

938
3

$57,169 39
848 25

17
51

4,735 80
12,195 58

less

Co m m on w ealth

of

M a s sa c h u s e t t s .
W

o r c e st e h ,

ss., Nov. 18, 1889.

Personally appeared A. L. Burditt, Treasurer of the Leominster Savings Bank,
and made oath that the foregoing statement, by him subscribed, is a true and correct
statement of all the resources and liabilities of said institution, and that the answers
made by him to the foregoing interrogatories contain the whole truth in reference
to the matters to which they relate, according to his best knowledge and belief.
Before me,
F . J. L o t h r o p , Justice o f the Peace.
W

o r c e s t e r , ss .,

N ov . 18,1889.

Personally appeared Dwight B. Look, President, and Chas. L. Joslin, D. C. Nickerson,
Hamilton Mayo, Geo. Hall and Chas. C. Boyden, trustees of said corporation, and
severally made oath that the annexed report is correct, according to their best knowledge
and belief.
Before me,
F. J. L o t h r o p , Justice o f the Peace.


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Federal Reserve Bank of St. Louis


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

311

P U B L IC D O CU M EN T — No. 8.

1890.]

Total Amount of Loans with Each Specified Rate o f Interest, including
Deposits in Banks on Interest.

$6,201 27
15,000 00

Amount.

Kate.

Amount.

$3,500 00

3 per cent.
4

Rate.

5 per cent.

Kate.

Amount.

6 per cent.

$170,566 15

“

Number of loans which are of an amount not exceeding $3,000 each,
58
Aggregate amount of the s a m e , ....................................................................... $89,403 65
Total number of loans upon real estate,..................................................... 69
Gross amount of interest or profits received or earned, as per books, during
year ending Oct. 31, 1 8 8 9 , ................................................................................
10,318 28
Rate and amount of each semi-annual dividend during the i 2J per cent., r
4,055 39
year ending Oct. 31, 1889.................................................................J H Per cent., j
4,326 63
Times for the dividends fixed by the by-laws: third Wednesday in April
and October.
Number of accounts opened during the year ending Oct 31, 1889,
. 138
Number of accounts closed during the year ending Oct. 31, 1889,
. 58
Total number of open accounts Oct. 31, 1 8 8 9 , .................................... 785
Expenses of the corporation for the year ending Oct. 31, 1889 (exclusive
of t a x e s ) , ...........................................................................................................
606 80
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 8 8 9 , ........................................................................................
62,154 71
Number of s a m e , .................................................................................... 842
Amotfnt of withdrawals, including dividends, during the year ending Oct.
31, 1 8 8 9 , ..........................................................................................................
41,511 17
Number of s a m e , ....................................................................................444
Date of examination by commissioner : May 8.

Classification o f Deposits received during the Year ending Oct. 3 1 ,1 8 8 9 .
Num­
ber.
O f $50 and less,
Exceeding $50, and not
more than $100, .
Exceeding $100, and not
more than $200, .
Exceeding $200, and not
more than $500, .
Exceeding $500, and less
than $1,000, .
O f $1,000 or more, .


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Federal Reserve Bank of St. Louis

Num­

Amount.

583

$10,922 12

122

10,176 81

71

11,055 65

49

16,618 63

10
7

6,381 50
7,000 00

842

$61,954 71

ber.
To the credit —
Of women, both adult
and minor,
Of religious and chari­
table associations, .
In trust, .

Amount.

388

$22,850 48

31
58

2,603 00
10,096 07

312

B A N K C O M M ISSIO N E R S’ R E P O R T .

Com m onw ealth

of

[Jan

M assa ch u setts.
M id d l e s e x ,

ss .,

N ov . 13, 1889.

Personally appeared James E. Crone, Treasurer of the Lexington Savings Bank,
and made oath that the foregoing statement, by him subscribed, is a true and correct
statement of all the resources and liabilities of said institution, and that the answers
made by him to the foregoing interrogatories contain the whole truth in reference to
the matters to which they relate, according to his best knowledge and belief.
Before me,

L e o n a r d A . S a v i l l e , Justice o f the Peace.

M id d l e s e x ,

ss .,

N ov . 15,1889.

Personally appeared Geo. W . Robinson, President, and Amos Locke, Geo. O. Davis,
B. C. Whitcher, Lewis Hunt, Geo. E. Muzzey, Lyman Lawrence and M. H. Merriam,
trustees of said corporation, and severally made oath that the annexed report is correct,
according to their best knowledge and belief.


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Federal Reserve Bank of St. Louis

Before me,

L e o n a r d A. S a v i l l e , Justice o f the Peace.

1890.]

313

P U B L IC D O CU M EN T — No. 8

L O W E L L F IV E

CENTS S A V IN G S B A N K — L O W E L L .

Incorporated 1854.

Present number of corporators, 111.

S e w a l l G. M a c k , President.
A r t e m a s S. T y l e r , Treasurer.
C h a s . F. C o b u r n , Clerk o f the Corporation.

Names of committee charged with the investment of its funds :
C h a s . E. A . B a r t l e t t ,
G e o . S. C h e n e y ,
A r t e m a s S. T y l e r .

J o h n F. K i m b a l l ,
O l i v e r E. C u s h in g ,
J o h n H. M c A l v i n ,

Open for business every business day, 9 a .m . to 1 p . m . ; also Saturday, 7 to 9

p .m .

B alance Sheet , October 31,1889.

L ia b il it ie s .

A ssets.

Public funds as per schedule, .
Bank stock as per schedule,
Loans on bank stock,.
Railroad bonds as per schedule,
Real estate (for banking pur­
poses)..........................................
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
(notes), . * .
Loans on depositors’ books,
Deposits in banks, on interest, .
Expense account,
Cash on hand, .
.
.
.

$32,975
175,420
16,400
40,000

00
00
00
00

65.000
93.000
709,362
242,300

00
00
58
00

25.000
375
50,214
3,145
2,895

00
00
95
18
09

$1,322,623 19
46,825 90

Deposits. .
Guaranty fund,
Profit and loss ac­
count, .
Rent account, .

$1,456,087 80

85,909 84
728 87

i

$1,456,087 80

Cash on Deposit in Banks, amount in each: —
Prescott National Bank, Lowell, .
.
.
.
National Bank of the Commonwealth, Boston,

$45,465 09
4,749 86

Loans on Bank Stock, amount on each: —
On 19 shares Prescott National Bank, Lowell,
On 20 shares Prescott National Bank, Lowell,
On 53 shares.Prescott National Bank, Lowell,
On 14 shares Appleton National Bank, Lowell,
On 14 shares Old Lowell National Bank, Lowell,
On 15 shares Prescott National Bank, Lowell,
On 1 share Old Lowell National Bank, Lowell,
On 1 share First National Bank, Lowell,
On 4 shares Crocker National Bank, Turner’s Falls,
On 67 shares Crocker National Bank, Turner’s Falls,
On 34 shares Rollstone National Bank, Fitchburg,


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Federal Reserve Bank of St. Louis

$1,900 00
2,000 00
7,000 00
1,500 00
500 00

3,500 00

314

B A N K C O M M ISSIO N ERS’ R E P O R T .

[Jan

Detailed Statement o f Public Funds.

Par Value.

City of Lowell, Mass., 6s,

$35,000

Estimated
Market Value.

$35,350 00

Amount Invested.

$32,975 00

Detailed Statement o f Bank Stocks.
<M W
° £
¡2 -3
44
50
40
52
50
40
10
70
30
50
20
17
5
50
60
50
15
20
20
10
5
90
100
10
27
25
40
5
20
92
71
40
20
85
35
83
135
75

Par Value.

Atlas National Bank, Boston,
Blackstone N’l Bank, Boston,
Boston Nat’l Bank, Boston, .
Boylston N atl Bank, Boston,
National City Bank, Boston* .
N’l B’k of Commerce, Boston,
N atl Bank of the Commonwealth, Boston, .
Continental N’l Bank, Boston,
National Eagle Bank, Boston,
Eliot National Bank, Boston,
Everett Natl Bank, Boston, .
N atl Exchange Bank, Boston,
Faneuil Hall N’l B’k, Boston,
Freeman’s N’l Bank, Boston,.
Globe National Bank, Boston,
Hamilton Nat’l Bank, Boston,
N’l Hide &Leather B’k, Boston,
Howard Nat’l Bank, Boston, .
Lincoln Nat’l Bank, Boston, .
Merchants’ N’l Bank, Boston,
North National Bank, Boston,
N’l B’k of No. America, Boston,
N’l B’k of Redemption, Boston,
N’l B’k of the Republic, Boston,
Nat’ l Revere Bank, Boston, .
Second Natl Bank, Boston, .
Shoe & Leather N’l B’k, Boston,
Shawmut Nat’l Bank, Boston,
State National Bank, Boston,
Suffolk Nat’l Bank, Boston, .
Tremont Natl Bank, Boston,.
N atl Union Bank, Boston,
Washington N'l Bank, Boston,
First National Bank, Lowell,
Merchants’ N’l Bank, Lowell,
Old Lowell N’l Bank, Lowell,
Prescott Nat’l Bank, L ow ell,.
Railroad Natl Bank, Lowell,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Estimated
Market Value.

Amount Invested.

$4,400
5,000
4,000
5,200
5.000
4,000

$5,203
5,637
4,880
7,176
4,750
5,120

00
50
00
00
00
00

$4,400
5,000
4,000
5,200
5,000
4,000

00
00
00
00
00
00

1,000
7,000
3,000
5,000
2,000
1,700
500
5,000
6,000
5,000
1,500
2.000
2,000
1,000
500
9,000
10,000
1,000
2,700
2,500
4,000
500
2,000
9,200
7,100
4,000
2,000
8,500
3,500
8,300
13,500
7,500

1,697
8,575
3,090
6,575
2,060
2,167
720
5,162
5,910
6,300
1,800
2,200
2,295
1,445
695
11,002
13,450
1,670
3,348
4,375
3,770
650
2,420
10,603
8,040
5,720
2,510
14,917
5,180
10,458
20,250
9,750

50
00
00
00
00
50
00
50
00
00
00
00
00
00
00
50
00
00
00
00
00
00
00
00
75
00
00
50
00
00
00
00

1,000
7,000
3,000
5,000
2,000
1,700
500
5,000
6,000
5,000
1,500
2,000
2,000
1,000
500
9,000
10,000
1,000
2,700
2,500
4,000
500
2,000
9,200
7,100
4,000
2,000
11,305
3,500
10,375
16,740
8,700

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

$166,100 $211,573 75

$175,420 00

1890.]

315

P U B L IC D O C U M E N T — No. 8.

Detailed Statement o f Railroad Bonds.

Par Value.

Fitchburg R.R. 5s, .

$40,000

Estimated
Market Value.

Amount Invested.

$42,000 00

$40,000 00

Total Amount o f Loans with Each Specified Rate o f Interest, including
Deposits in Banks on Interest.

Amount.

$4,749
35,465
70,000
15,000

Kate.

86
09
00
00

2 per cent.
3
4
“
H
“

Amount.

$21,900
194,650
467,705
4,400

00
00
00
00

Kate.

Amount.

Rate.

4^ per cent.
4'i
5
5è

$178,782 58
30,000 00
21,000 00

6 per cent.
6è
“
7

Amount invested in real estate for banking purposes,.................................... $65,000 00
Estimated value of the sam e,................................................................................
65,000 00
Assessed value of the s a m e , ................................................................................
58,200 00
Net income received from same during year ending Oct. 31, 1889,
.
.
1,401 82
Value, by books, of other real estate, held by foreclosure or otherwise,
.
93,000 00
Assessed value of the s a m e ,.................................................................................
58,140 00
Net income received from same during year ending Oct. 31, 1889,
.
.
1,058 43
Number of loans which are of an amount not exceeding $3,000 each,. 104
Aggregate amount of the s a m e , .......................................................................
155,340 00
Total number of loans upon real e s t a t e , .............................................141
Gross amount of interest or profits received or earned, as per books, during
year ending Oct. 31, 1 8 8 9 ,................................................................................
67,878 87
Rate and amount of each semi-annual dividend during the i 2 per cent., r
25,096 13
yea r ending Oct. 31, 1889.................................................................J 2 per cent., j
24,841 13
Times for the dividends fixed by the by-laws : first Saturday in January
and July.
Number of accounts opened during the year ending Oct. 31, 1889, . 1,284
Number of accounts closed during the year ending Oct. 31, 1889,
. 1,028
Total number of open accounts Oct. 31, 1 8 8 9 , ....................................6,574
Expenses of the corporation for the year ending Oct. 31, 1889 (exclusive of
ta x e s ),....................................................................................................................
6,235 98
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 8 8 9 ,.........................................................................................
221,399 35
.
7,022
Number of s a m e , .............................................................. .......
Amount of withdrawals, including dividends, during the year ending Oct.
31, 1 8 8 9 , .....................................................................................................................

Number of s a m e , ................................................................................ 3,164
Date of examination by commissioner: August 26.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

249,973 19

316

B A N K CO M M ISSIO N ERS’ R E P O R T .

[Jan.

Classification o f Deposits received during the Year ending Oct. 3 1 ,1 8 8 9 .
Num­
ber.

Of $50 and less,
Exceeding $50, and
more than $100, .
Exceeding $100, and
more than $200, .
Exceeding $200, and
more than $500, .
Exceeding $500, and
than $1,000, .
O f $1,000 or more, .

Num­

Amount.

6,315

$53,546 21

346

28,317 20

154

24,907 37

122

42,228 07

43
42

30,400 50
42,000 00

7,022

$221,399 35

ber.
To the credit —
O f women, both adult
and minor,
O f guardians,
Of religious and chari­
table associations, .
In trust................................

not
not
not

Amount.

2,560
14

$87,457 72
3,140 09

48
541

1,780 78
20,479 02

less

Com m onw ealth

of

M assach u setts.

M i d d l e s e x , s s ., N ov . 15, 1889.
Personally appeared Artemas S. Tyler, Treasurer of the Lowell Five Cents Savings
Bank, and made oath that the foregoing statement, hy him subscribed, is a true and correct
statement of all the resources and liabilities of said institution, and that the answers
made by him to the foregoing interrogatories contain the whole truth in reference to the
matters to which they relate, according to his best knowledge and belief.

Before me,

C h a s . F. C o b u r n , Justice o f the Peace.

M id d l e s e x ,

ss .,

Nov. 15, 1889.

Personally appeared Sewall G. Mack, President, and Geo. S. Cheney, John H.
McAlvin, W . F. Salmon, Hapgood Wright and J. F. Kimball, trustees of said corpora­
tion, and severally made oath that the annexed report is correct, according to their
best knowledge and belief.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Before me,

C h a s . F. C o b u r n , Justice o f the Peace.

1890.]

317

P U B L IC D O C U M E N T — No. 8.

L O W E L L IN S T IT U T IO N FOR S A V IN G S — L O W E L L .
Incorporated 1829.

Present number of corporators, 55.

C h a r l e s A . S a v o r y , President.
G e o r g e J. C a r n e y , Treasurer.
G e o r g e J. C a r n e y , Clerk o f the Corporation.

Names of committee charged with the investment of its funds:
P’ r e d e r i c k T a y l o r ,
C yrus M . F is k ,
G e o r g e J. C a r n e y .

Sa m u e l K i d d e r ,
A mos B. F r e n c h ,
J a m e s W . B. S h a w ,

Open for deposits every business day, 9 a . m . to 2 p . m . ; for payments, Tuesday, Thursday,.
Saturday, 9 a . m . to 2 p .m ., and Saturday evening, 7 to 9 p .m .
,

B alance Sheet , October 31, 1889.

L ia b il it ie s .

A ssets.

Public funds as per schedule, .
Loan on public funds,
Bank stock as per schedule,
Loans on bank stock,
Real estate (for banking pur­
poses), ....................................
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
( n o t e s ) ,....................................
Deposits in banks, on interest, .

$65,000
5,000
170,500
73,500

00
00
00
00

Deposits, .
Guaranty fund,
Profit and loss ac­
count,
Suspense account, .

$4,055,379 71
199,173 28
36,473 49
4,977 17

20,334 06
1,475,942 00
641,127 00
1,545,500 00
299,100 59
$4,296,003 65

$4,296,003 65

Cash on Deposit in Banks, amount in each: —
$160,000 OO
75.000 00
64,100 59

First National Bank, Boston,.............................................
Wamesit National Bank, L o w e ll,....................................
Merchants’ National Bank, Lowell,
.
.
.
.
Loan on Public Funds: —
On $5,000 United States 4 J s ,.............................................

$5,000 00

Loans on Bank Stock, amount on each : —
On 170 shares National Hide and Leather Bank, Boston,
On 55 shares Railroad National Bank, Lowell,
On 453 shares Merchants’ National Bank, Lowell,
On 100 shares Appleton National Bank, Lowell, .
On 10 shares Prescott National Bank, Lowell,
On 15 shares National Pemberton Bank, Lawrence,
On 5 shares Third National Bank, Springfield,
On 16 shares Prescott National Bank, Lowell,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

J $20,000 00
40.000 00

j

13,000 00

J
500 00

318

B A N K CO M M ISSIO N E R S’ R E P O R T .

[Jan.

Detailed Statement o f Public Funds.

Par Value.

District of Columbia 5s, .

$65,000

Estimated
Market Value.

$65,000 00

Amount Invested.

$65,000 00

Detailed Statement o f Bank Stocks.
° 2
£ G•O§

Par Value.

A

142
174
344
161
473
80
160
171

Columbia Nat’l Bank, Boston,
National Eagle Bank, Boston,
Merchants1N’l Bank, Boston,
New England N’l B’k, Boston,
Second National Bank, Boston,
Merchants’ N’l Bank, Lowell,
First National Bank, Lowell,
Railroad Nat’l Bank, Lowell,

$14,200
17,400
34,400
16,100
47,300
8,000
16,000
17,100
$170,500

Estimated
Market Value.

$17,466
18,444
49,880
26,565
83,248
11,840
28,000
22,572

00
00
00
00
00
00
00
00

$258,015 00

Amount Invested

$14,200
17,400
34,400
16,100
47,300
8,000
16,000
17,100

00
00
00
00
00
00
00
00

$170,500 00

Total Amount o f Loans with Each Specified Rate o f Interest, including
Deposits in Banks on Interest.
Amount.

$224,100
60,000
55.000
50.000
100,000
1,105,500

Rate.

59
00
00
00
00
00

2J per cent.
“
3|
3|
“
3&
“
4
«

H

Amount.

$100,000
113,000
50,000
433,900
4,200
210,300

Rate.

00
00
00
00
00
00

4j per cent.
4|
“
4 29 “
too

4à
4ft
4|

»
“
“

Amount.

$826,077
24,000
259,092
200,000
225,000

Rate.

00
00
00
00
00

5 per cent.
5è
“
6
“
H “
6 t3o “

Amount invested in real estate for banking purposes,....................................$20,334 06
Estimated value of the sam e,................................................................................
20,334 06
Assessed value of the s a m e , ................................................................................
40,750 00
Net income received from same during year ending Oct. 31, 1889,
.
.
1,655 38
Number of loans which are of an amount not exceeding $3,000 each,. 83
Aggregate amount of the s a m e , ........................................................................
136,892 00
Total number of loans upon real e s t a t e , ............................................. 167
Gross amount of interest or profits received or earned, as per books, during
year ending Oct. 31, 1 8 8 9 ,.................................................................................
200,042 28
Rate and amount of each semi-annual dividend during the | 2 per cent., (
74,516 97
year ending Oct. 31, 1 8 8 9 ,...................................................... J 2 per cent., (
75,551 00
Times for the dividends fixed by the by-laws: first Saturday in May and
November.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

P U B L IC D O CU M EN T — No. 8.

1890.]

319

Number of accounts opened during the yearending Oct. 31, 1889,
2,146
Number of accounts closed during the yearending Oct. 31, 1889,
1,741
.
.
.
.
11,386
Total number of open accounts Oct. 31, 1889,
Expenses of the corporation for the year ending Oct. 31, 1889 (exclusive of
ta x e s ),....................................................................................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 8 8 9 , ..........................................................................................
Number of s a m e , ........................................................................................ 12,598
Amount of withdrawals, including dividends, during the year ending Oct.
31, 1889....................................................................................................................
Number of s a m e , ........................................................................................ 10,493
Date of examination by commissioner : August 6.

Com m o n w ea lth
M id d l e s e x ,

of

$8,900 00
728,484 00

713,785 16

M assa ch u setts.
L o w e l l , N o v . 1, 1889.

ss .

Personally appeared George J. Carney, Treasurer of the Lowell Institution for Savings,
and made oath that the foregoing statement, by him subscribed, is a true and correct
statement of all the resources and liabilities of said institution, and that the answers
made by him to the foregoing interrogatories contain the whole truth in reference to
the matters to which they relate, according to his best knowledge and belief.
Before me,
M id d l e s e x ,

A u s t in K. C h a d w i c k , Justice o f the Peace.

L o w e l l , N o v . 1, 1889.

ss.

Personally appeared Charles A. Savory, President, and Samuel Kidder, Cyrus M.
Fisk, Fred’k Bailey, D. B. Bartlett, Frederick Taylor, F. Nickerson and Amos B.
French, trustees of said corporation, and severally made oath that the annexed report
is correct, according to their best knowledge and belief.
Before me,

G eo . J. C a ii n e y , Notary Public.

Classification o f Deposits received during the Year ending Oct. 3 1 ,1 8 8 9 .
Sum -

Num-

Amount.

ber.
O f $50 and less,
Exceeding $50, and
more than $100, .
Exceeding $100, and
more than $200, .
Exceeding $200, and
more than $500, .
Exceeding $500, and
than $1,000, .
O f $1,000 or more, .

9,952

$206,810 00

1,465

119,049 00

586

91,397 00

385

136,629 00

127
83

90,213 00
84,386 00

12,598

$728,484 00

not
not
not
less


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Amount.

ber.
To the credit —
O f women, both adult
and minor,
O f guardians,
O f religious and charitable associations, .
In trust................................

5,522
29

$331,074 00
4,723 00

68
1,418

11,769 00
118,576 00

320

B A N K C O M M IS S IO N E D R E PO R T.

[Jan

L U D L O W S A V IN G S B A N K — L U D L O W .

Incorporated 1888.

Present number of corporators, 37.
G e o . A . B i r n i e , Treasurer.

C h a s . F . G r o s v e n o r , President.

G e o . A. B i r n i e , Clerk o f the Corporation.

Names of committee charged with the investment of its funds :
W . S. C o l w e l l ,
E. E. F u l l e r ,

Ch a s . F . G rosvenor,
G e o . D. G r e e n ,

M. D. S. T o w n e .

Open for business every business day, 10 a . m . to 12
7.30 to 9 p . m .

B a l a n c e S h e e t , O ctober

A ssets.

Railroad bonds as per schedule,
Loans on real estate,*.
Loans on personal security,
Deposit in bank, on interest,
Deposit in bank, not on interest,
Expense account,
Safe and furniture,
.
.
.
Cash on hand, .

m

., 1 to 3 p . m . ; also Friday,

31,1889.

L ia b il it ie s .

$1,144
6,875
2,555
593
1
46
350
1,607

00
00
00
89
14
02
00
95

Deposits, .
Guaranty fund,
Interest account,

$13,114 92
20 33
37 75

$13,173 00

$13,173 00

Cash on Deposit in Banks, amount in each : —
Agawam National Bank, Springfield, ................................................................
Springfield Safe Deposit and Trust Company, Springfield, .
.
.
.

$1 14
593 89

Detailed Statement o f Railroad Bonds.

Par Value.

Leeds & Farmington R .R . 6 s,.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

11,000

Estimated
Market Value.

$1,133 75

Amount Invested.

$1,144 00

1890.]

321

P U B L IC D O CU M EN T — No. 8.

Total Amount o f Loans with Each Specified Rate o f Interest, including
Deposits in Banks on Interest.

Amount.

Kate.

Amount.

Kate.

Amount.

Kate.

>
$593 89
3,800 00

4 per cent.
5

$2,700 00

5£ per cent.

$2,930 00

6 per cent.

Number of loans which are of an amount not exceeding $3,000 each, . 18
Aggregate amount of the same...............................................................................
Total number of loans upon real e s t a t e , ............................................ 10
Gross amount of interest or profits received or earned, as per books, during
year ending Oct. 31, 1 8 8 9 , ...............................................................................
Rate and amount of each semi-annual dividend during the 1 2 per cent., f
year ending Oct. 31, 1 8 8 9 , .................................................... •J 2 per cent., t
Times for the dividends fixed by the by-laws : April 1 and October 1.
Number of accounts opened during the year ending Oct. 31, 1889,
. 170
Number of accounts closed during the year ending Oct. 31, 1889,
. 50
Total number of open accounts Oct. 31, 1889............................................. 246
Expenses of the corporation for the year ending Oct. 31, 1889 (exclusive
of taxes),
..........................................................................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 8 8 9 , ........................................................................................
Number of s k m e , ............................................................................... .\ 727
Amount of withdrawals, including dividends, during the year ending Oct.
31, 1889....................................................................................................................
Number of s a m e , ........................................................................................ 170
Date of examination by commissioner: August 30.

$9,430 00

286 56
70 20
138 83

33 05
16,411 08

7,076 53

Classification o f Deposits received during the Year ending Oct. 3 1 , 1889.
1
Amount.

her.
O f $50 and less,
Exceeding $50, and
more than $100, .
Exceeding $100, and
more than $200, .
Exceeding $200, and
more than $500, .
Exceeding $500, and
than $1,000, .
O f $1,000 or more, .

672

$5,714 81

31

2,601 96

6

907 31

14

4,412 00

4
-

2,775 00
-

727

$16,411 08

not
not
not
less


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

ber.
To the credit—
.
Of women, both adult
and minor,
Of religious and charitable associations, .
In trust, .
.
.
.

Amount.

77

$4,066 93

6
9

1,005 12
266 13

322

B A N K C O M M IS S IO N E D R E P O R T .

[Jan.

C o m m o n w e a l t h of M a s s a c h u s e t t s .
H a m p d e n , s s ., N o v . 15, 1889.

Personally appeared Geo. A. Birnie, Treasurer of the Ludlow Savings Bank, and
made oath that the foregoing statement, by him subscribed, is a true and correct state­
ment of all the resources and liabilities of said institution, and that the answers made by
him to the foregoing interrogatories contain the whole truth in reference to the matters
to which they relate, according to his best knowledge and belief.
Before me,

B. F. B u r e , Justice o f the Peace.
H a m p d e n , s s ., Nov. 15, 1889.

Personally appeared Chas. F. Grosvenor, President, and G. D. Green, Chas. F.
Howard, E. E. Fuller, J. W . Hubbard and M. H. Lyons, trustees of said corporation,
and severally made oath that the annexed report is correct, according to their best
knowledge and belief.
Before me,
B. F. B u r r , Justice o f the Peace.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

1890.]

323

PU B L IC DO CU M EN T — No. 8.

L Y N N F IV E CENTS S A V IN G S B A N K — L Y N N .

Incorporated 1854.

Present number of corporators, 77.

H e n r y A . P e v e a r , President.

H e n r y E . N e w h a l e , Treasurer.

H e n r y E. N e w h a l l , Clerk o f the Corporation.

Names of committee charged’with the investment of its funds :
H enry A . P evear,

Ch a r l e s H . N e w h a l l ,

T h o m a s B. N e w h a l l ,

Jo s e p h N . S m it h ,

R ufus K im b a l l .

Open for business every business day, 9

a .m

. to 1 p . m . ; also Saturday, 3 to 6 p . m .

B a l a n c e S h e e t , O c t o b e r 31, 1889.

L ia b il it ie s .

A ssets.

Public funds as per schedule, .
Bank stock as per schedule,
Loans on bank stock,
Railroad bonds as per schedule,
Loan on railroad bonds,
Loan on railroad stock,
Real estate (for banking purp o s e s ) , ....................................
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
( n o te s ),....................................
Deposits in banks, on interest, .
Expense account,
Tax title s ,....................................
Cash on hand, .
.
.
.

$228,000
231,535
13,100
143,083
50,000
12,000

00
09
00
65
00
00

30,000
1,395
1,200,750
542,300

00
11
45
00

21,000
168,354
2,494
362
976

00
79
88
64
70

$2,645,353 31

Deposits, .
Guaranty fund,
Profit and loss account, .

$2,441,887 00
87,500 00
115,966 31

$2,645,353 31

Cash on Deposit in Banks, amount in each: —
Traders’ National Bank, B o s t o n ,....................................................................... $4,988 91
National City Bank, L y n n , ................................................................................ 41,231 36
Lynn National Bank, L y n n , ......................................................
.
.
25,000 00


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

324

B A N K CO M M ISSIO N ERS’ R E P O R T .

[Jan.

Merchants’ National Bank, B o s t o n , .............................................................. $5,632 54
Market National Bank, B o s t o n , ....................................................................... •
9,247 87
National Bank of the Republic, B o s t o n , ......................................................
67,254 11
Citizens’ National Bank, W o r c e s t e r ,..............................................................
15,000 00

Loans on Bank Stock, amount on each : —
$ 1,000 00

On 10 shares National City Bank, Lynn,
On 33 shares Central National Bank, Lynn,
On 7 shares National City Bank, Lynn, .
On 2 shares First National Bank, Lynn,
On 10 shares National Security Bank, Lynn,
On 70 shares National Security Bank, Lynn,

I

4,000 00

100 00
1,000 00
7,000 00

Loan on Railroad Bonds: —
On $50,000 Worcester, Nashua & Rochester R.R. 4 s , ....................................$50,000 00

Loan on Railroad Stock : —
On 100 shares Old Colony R . R . , .......................................................................$12,000 00

Detailed Statement o f Public Funds.

Par Value.

Town of Brookline, Mass., 7s,
City of Boston, Mass., 6s,
of Chelsea, Mass., 6s,
of Cambridge, Mass., 6s,
of Cleveland, Ohio, 7s, .
of Charlestown, Mass., 6s,
of Columbus, Ohio, 6s, .
of Dayton, Ohio, 7s,
of Dayton, Ohio, 6s,
District of Columbia 7s, .
City of East Saginaw, Mich., 5s,
of Fort Wayne. Ind., 6s, .
of Grand Bapids, Mich., 4s, .
of Lynn, Mass., 6s, .
of Lawrence, Mass , 6s, .
of Lowell, Mass., 6s,
of Manchester, N. H.. 4s,
of Newton, Mass., 5s,
of Northampton, Mass., 6s,
of Pawtucket, R. I., os, .
of Peoria, 111., 4|s, .
Town of Framingham, Mass., 4s, .
of Wakefield, Mass., 4s,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$10,000
9,000
2,000
6,000
43,000
5,000
20,000
12,000
9,000
15,000
10,000
15,000
5,000
10,000
3,000
2,000
1,000
5,000
3,000
5,000
10,000
20,000
8,000
$228,000

Estimated
Market Value.

$12,400
9,790
2,240
6,655
47,070
5,150
20,400
12,200
9,480
19,800
10,050
17,550
5,000
10,350
3,330
2,040
1,060
5,900
3,150
5,550
10,900
21,200
8,080

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

Amount Invested.

$10,000
9,000
2,000
6,000
43,000
5,000
20,000
12,000
9,000
15,000
10,000
15,000
5,000
10,000
3,000
2,000
1,000
5,000
3,000
5,000
10,000
20,000
8,000

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

$249,345 00 $228,000 00

1890.]

PU B L IC D O CU M EN T — No. 8

325

No. of i

Shares.

Detailed Statement o f Bank Stocks.

23
135
88
253
14
56
17
154
25
7
42
30
26
50
130
69
127
15
127
50
328
93
44

Par Value.

Nat’l Exchange Bank, Boston,
First National Bank, Boston,
Globe National Bank, Boston,
N’l B’k of Redemption, Boston,
Boylston Nat’l Bank, Boston,
Blackstone N’l Bank, Boston,
Columbian N’l Bank, Boston,
Continental N’l Bank,Boston,
Freeman’s Nat’l Bank, Boston,
N’l Hide & Leather B’k,Boston,
N’l B’k of the Republic,Boston,
North National Bank, Boston,
N’l B’k of No. America, Boston,
Merchandise N’l B’k, Boston,
Merchants’ N ’l Bank, Boston,
Nat’l Revere Bank, Boston, .
National Union Bank, Boston,
Shoe & Leather N’l B’k,Boston,
Tremont Nat’l Bank, Boston,
Georgetown National Bank,
Georgetown,
City National Bank, Lynn, .
Central National Bank, Lynn,
First National Bank, Lynn, .

Estimated
Market Value.

Amount Invested

$2,300
13,500
8,800
25,300
1,400
5,600
1,700
15,400
2,500
700
4,200
3,000
2,600
5,000
13,000
6,900
12,700
1,500
12,700

$2,921
31,995
8,624
33,902
1,932
6,272
2,065
18,865
2,550
840
7,014
4,185
3,146
3,800
18,427
8,556
18,161
1,410
14,351

00
00
00
00
00
00
50
00
00
00
00
00
00
00
50
00
00
00
00

$2,957
21,601
7,920
30,000
1,400
5,600
1,700
17,116
2,250
682
4,200
3,000
2,418
5,000
17,135
6,900
15,500
1,500
12,700

50
75
00
00
00
00
00
50
00
50
00
00
00
00
37
00
00
00
00

5,000
32,800
9,300
4,400

5,250
57,400
15,066
5,720

00
00
00
00

5,000
49,939
11,863
5,150

00
50
97
00

$190,300

$272,453 00 $231,535 09

Detailed Statement o f Railroad Bonds.
Estimated
Market Value.

Androscoggin & Kennebec R.R. 6s
Boston & Albany R R 7s,
Boston & Maine R.R 7s, .
Boston, Clinton & Fitchburg R.R. 7s
Eastern R R. 6s,
Fitchburg R.R. 7s, .
Fitchburg R R. 6s, .
Fitchburg R.R. 5s, .
Old Colony R.R. 6 s,.
Old Colony R.R. 7 s,.
Portland & Ogdensburg R.R. 6s,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

),100
24,000
13,000
1,000
10,500
9,000
7,000
9,000
7,000
23,000
10,000

$30,468
25,800
14,530
1,000
13,230
9,900
7,770
9,480
8,040
26,047
11,850

50
00
00
00
00
00
00
00
00
50
00

Amount Invested.

),100 00
24,000
13,000
1,000
9,983
9,000
7,000
9,000
7,000
23,000
10,000

00
00
00
65*
00
00
00
00
00
00

$143,600 $158,116 00 $143,083 65
* A legal investment when made.

/

326

B A N K C O M M IS S IO N E D ’ R E PO R T.

[Jan.

Total Amount o f Loans with Each Specified Rate o f Interest, including
Deposits in Banks on Interest.
Amount.

$5,632
122,722
17,000
150.000
157.000

54
25
00
00
00

Rate.

21
3
3|
4

Amount.

per cent.
“
»
“
“

$69,000
222,800
25,000
270,232
6,000

00
00
00
00
00

Rate.

4| per cent.
4è
“
44
“
5
Si
“

Amount.

$915,643
41,575
1,400
3,500

Rate.

45
00
00
00

per cent.
6
6è
7

“

Amount invested in real estate for banking purposes,....................................$30,000 00
Estimated value of the s a m e , ........................................................................
30,000 00
Assessed value of the s a m e ,.................................................................................
30,500 00
Net income received from same during year ending Oct. 31, 1889,
.
.
1,765 38
Value, by books, of other real estate, held by foreclosure or otherwise, .
1,395 11
Assessed value of the s a m e ,................................................................................
16,000 00
Number of loans which are of an amount not exceeding $3,000 each, . 764
Aggregate amount of the s a m e , .......................................................................
763,443 45
Total number of loans upon real estate,......................................................828
Gross amount of interest or profits received or earned, as per books, dur­
ing year ending Oct. 31, 1 8 8 9 , .......................................................................
140,532 92
Rate and amount of each semi-annual dividend during the 1 2 per cent., f 43,989 06
year ending Oct. 31,1889............................................................I 2 per
cent., 1 44,635 51
Times for the dividends fixed by the by-laws: January 1 and July 1.
Number of accounts opened during the year ending Oct. 31, 1889,
3,052
Number of accounts closed during the year ending Oct. 31, 1889,
2,275
Total number of open accounts Oct. 31, 1889...................................
14,383
Expenses of the corporation for the year ending Oct. 31, 1889 (exclusive
of taxes)..................................................................................................................
7,375 51
Amount of deposits, not including dividends, received during the year end­
ing Oct. 31, 1 8 8 9 ,.................................................................................................
734,697 89
Number of s a m e , .......................................................................................20,314
Amount of withdrawals, including dividends, during the year ending Oct.
31, 1 8 8 9 , ..........................................................................................................
753,063 46
Number of s a m e , .......................................................................................12,422
Date of examination by commissioner: March 13.

Classification o f Deposits received during the Year ending Oct. 3 1 , 1889.
Num­

O f $50 and less,
Exceeding $50, and not
more than $100, .
Exceeding $100, and not
more than $200, .
Exceeding $200, and not
more than $500, .
Exceeding $500, and less
than $1,000, .
O f $1,000 or more, .


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

ber.

Amount.

17,357

$265,598 62

1,727

139,903 38

672

105,606 35

507

184,658 77

43
8

29,271 87
9,658 90

20,314

$734,697 89

Num­
ber.
To the credit —
O f women, both adult
and minor,
O f guardians,
O f religious and charitable associations, .
In trust................................

Amount.

9,364
24

$356,886 04
2,944 23

118
234

10,090 51
13,809 43

1890,]

P U B L IC D O C U M E N T — No. 8.

C o m m onw ealth

of

327

M assach u setts.

E ssex,

ss.,

N ov. 7, 1889.

Personally appeared H. E. Newhall, Treasurer of the Lynn Five Cents Sav­
ings Bank, and made oath that the foregoing statement, by him subscribed, is a
true and correct statement of all the resources and liabilities of said institution, and
that the answers made by him to the foregoing interrogatories contain the whole truth
in reference to the matters to which they relate, according to his best knowledge and
belief.
Before me,
W m . 0 . S h e a , Justice o f the Peace.

E ssex,

ss .,

Nov. 8, 1889.

Personally appeared Henry A. Pevear, President, and C. H. Aborn, George D. Sargeant, S. J. Hollis, Thomas P. Nichols and Warren S. Hixon, trustees of said corpora­
tion, and severally made oath that the annexed report is correct, according to their
best knowledge and belief.
Before me,
N. M. H a w k e s , Justice o f the Peace..


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

328

[Jan,

B A N K COM M ISSIO N ERS’ REPORT,

L Y N N IN S T IT U T IO N FOR S A V IN G S — L Y N N .

Incorporated 1826.

Present number of corporators, 60.

P h i l i p A . C h a s e , President.

D. H. S w e e t s e r , Treasurer.

D. H. S w e e t s e r , Clerk o f the Corporation.

Names of committee charged with the investment of its funds :
P h il ip A . Ch a s e ,

W

T homas S t a c e y ,

A mos F. B r e e d .

Open for business every business day, 9

a .m .

il l ia m

to 1 p . m . ; also Saturday, 2.30 to 5.30 p . m .

B a l a n c e Sh e e t , O c t o b er

31, 1889.

L ia b il it ie s .

A ssets.

Public funds as per schedule, .
Bank stock as per schedule,
Loans on bank stock,
Railroad bonds as per schedule,
Railroad notes, .
.
.
.
Real estate (for banking pur­
poses), ....................................
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
(notes)........................................
Deposits in banks, on interest, .
Tax title s ,....................................
Cash on hand, .
.
.
.

B assett,

$585,200
193,600
13,400
107,500
25.000

00
00
00
00
00

Deposits, .
Guaranty fund,
Profit and loss ac­
count, .

$2,908,129 05
138,000 00
119,606 14

30.000 00
1,334,037 00
508,900 00
192,800
155,875
32
19,390

0Ô
24
69
26

$3,165,735 19

$3,165,735 19

Cash on Deposit in Banks, amount in each : —
First National Bank, L y n n , .....................................................................................$105,675 24
Lynn National Bank, L y n n ,................................................................................
25,000 00
Central National Bank, L y n n , .......................................................................
25,200 00
Loans on Bank Stock, amount on each : —
On 80 shares National City Bank, L y n n , .............................................................. $8,000
On 20 shares First National Bank, L y n n , ......................................................
2,000
On 4 shares First National Bank, L y n n , ......................................................
400
On 30 shares First National Bank, L y n n , ......................................................
3,000


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

00
00
00
00

1890.]

329

P U B L IC D O CU M EN T — No. 8

Detailed Statement o f Public Funds.

Par Value.

United States 4s,
United States 6s,
County of Hampden, Mass., 3s,
City of Lynn, Mass , 6s, .
of Lynn, Mass., 4s, .
of Lowell, Mass., 6s,
of Boston, Mass., 6s,
of Boston, Mass., 4s,
of Fall River, Mass., 5s, .
of Fall River, Mass., 6s, .
of Fall River, Mass., 4s, .
of Malden, Mass , 6s,
Town of Peabody, Mass , 4s, .
of Melrose, Mass., 6s, .
of Abington, Mass., 4 s ,.
of Beverly, Mass., 4s, .
City of Manchester, N. H., 6 s,.
of Newburyport, Mass., 4s,
of Providence, R. L, 5s, .
of Providence, R. I., 6s, .
of Cleveland, Ohio, 6s and 7s,
of Detroit, Mich., 7s,
of Salem, Mass , 6s,
of New Bedford, Mass., 6s,
District of Columbia 6s, .
City of Auburn, Me., 5s, .
of Dayton, Ohio, 4s,
of Columbus, Ohio, 4s, .
of Fitchburg, Mass., 4s, .
of Cambridge, Mass., 6 s,.
of Somerville, Mass., 5Js,
of Peoria, 111., 4^s, .
of Grand Rapids, Mich., 8s,
of Concord, N. H., 6s,
of Lewiston, Me., 6s,
.
County of Franklin, Me , 4s, .
Town of Skowliegan, Me., 6s,

$30,000
25,000
10,000
9,000
46,700
16,000
16,000
31,000
25,000
7,000
5,000
15,000
20,000
20,000
5,000
10,000
3,000
10,000
14,000
10,000
31,000
32,000
2,000
5,000
29,500
1,500
25,000
10,000
10,000
10,000
10,000
20,000
13,000
22,000
10,000
11,000
16,000
$585,700

Estimated
Market Value.

$38,100
31,000
9,500
9,500
46,700
16,300
17,960
32,800
26,000
7,700
5,000
15,400
20,000
21,000
5,000
10,000
3,060
10,000
15,100
11,600
34,000
37,000
2,400
6,200
34,000
1,515
25,000
10,000
10,000
12,100
11,000
21,000
15,300
23,540
11,900
11,000
16,000

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
00
00
00
00

Amount Invested.

$30,000
25,000
9,500
9,000
46,700
16,000
16,000
31,000
25,000
7,000
5,000
15,000
20,000
20,000
5,000
10,000
3,000
10,000
14,000
10,000
31,000
32,000
2,000
5,000
29,500
1,500
25,000
10,000
10,000
10,000
10,000
20,000
13,000
22,000
10,000
11,000
16,000

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
00
00
00
00

$633,675 00 $585,200 00

No. of [

Shares. !

Detailed Statement o f Bank Stocks.

58
55
89
45

Par Value.

Atlantic Nat’l Bank, Boston, .
Blackstone N’l Bank, Boston,
Columbian N’l Bank, Boston,
Continental N’l Bank, Boston,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$5,800
5,500
8,900
4,500

Estimated
Market Value.

$8,236
6,050
10,769
5,490

00
00
00
00

Amount Invested.

$5,800
5,500
8,900
4,500

00
00
00
00

330

B A N K C O M M ISSIO N ERS’ R E PO R T.

[Jan

No. of

Shares.

Detailed Statement o f Bank Stocks — Concluded.

54
55
13
25
25
25
34
59
118
100
20
75
92
50
430
301
213

Par Value.

Everett Nat’l Bank, Boston, .
Natl Exchange Bank, Boston,
Freeman’s Natl Bank, Boston,
First National Bank, Boston,.
Merchandise N’l B’k, Boston,
Mt. Vernon N ! Bank, Boston,
JN1 B’k of N o. America, Boston,
New England N’l B’k, Boston,
N1 B’k of the Republic, Boston,
Nat’l Rockland Bank, Boston,
Shawmut Nat’l Bank, Boston,
Second Nat’l Bank, Boston, .
N atl Union Bank, Boston,
N’l Hide & Leather B’k, Boston,
First National Bank, Lynn, .
Central Nat’l Bank, Lynn,
National City Bank, Lynn,

Estimated
Market Value.

$5,400
5,500
1,300
2,500
2,500
2,500
3,400
5,900
11,800
10,000
2,000
7,500
9,200
5,000
43,000
30,100
21,300

$5,400
6,985
1,339
6,000
1,700
3,450
4,080
9,440
18,880
15,000
2,540
12,750
13,064
6,000
55,900
48,160
38,340

Amount Invested.

$5,400
5,500
1,300
2,500
2,500
2,500
3,400
5,900
11,800
10,000
2,000
7,500
9,200
5,000
43,000
30,100
21,300

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
00

$193,600 $279,573 00 $193,600 00

Detailed Statement o f Railroad Bonds.

Par Value.

Eastern R R. 6s,
Boston, Revere Beach & Lynn R.R 6s,
Boston & Albany R.R 7s,
Boston & Maine R.R. 7s,.
Boston & Providence R.R. 4s, .
Fitchburg R.R. 5s, .
Boston, Winthrop & Shore R.R. 5s,
New York, Prov. & Boston R.R. 7s,

$11,500
10,000
10,000
15.000
20.000
25,000
. 7.000 '
9,000
$107,500

*A

Estimated
Market Value.

$14,375
11,200
10,700
16.500
21,200
26.500
7,700
11,250

Amount Invested.

00
00
00
00
00
00
00
00

$11,500
10,000
10,000
15.000
20.000
25,000
7.000
9.000

00*
00
00
00
00
00
00
00

$119,425 00 $107,500 00

legal investment when made.

Total Amount o f Loans with Each Specified Rate o f Interest, including
Deposits in Banks on Interest.

Rate.

Amount.

3 per cent.
3f
“
3|
“
4
“

$25,000
230,900
103.000
708,950

Amount.

$105,675
8,000
31,000
262,000

24
00
00
00


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

00
00
00
00

Rate.

Amount.

44 per cent.

$2,500
528,837
222,450
1,700

4è

“

Rate.

00
00
00
00

54 per cent.
5è
6
6*

“ ,
“ '
“

1890.]

PU B L IC DO CU M EN T — No. 8.

831

Amount invested in real estate for banking purposes,....................................$30,000 00
Estimated value of the sa m e ,...............................................................................
40,000
Assessed value of the s a m e ,................................................................................
32,100
Net income received from same during year ending Oct. 31, 1889,
.
.
2,911
Number of loans which are of an amount not exceeding $3,000 each, 395
Aggregate amount of the s a m e , .......................................................................
575,237
Total number of loans upon real estate,........................................................502
Gross amount of interest or profits received or earned, as per books, during
year ending Oct. 31, 1 8 8 9 , ...............................................................................
158,110
Rate and amount of each semi-annual dividend during the ? 2 per cent., \
52,048
year ending Oct. 31, 1 8 8 9 , ........................................................)2 per cent., t
52,284
Times for the dividends fixed by the by-laws : May 1 and November 1.
Number of accounts opened during the year ending Oct. 31, 1889,
1,731
Number of accounts closed during the year ending Oct. 31, 1889,
1,336
Total number of open accounts Oct. 31, 1889,
.
.
.
.
9,102
Expenses of the corporation for the year ending Oct. 31, 1889 (exclusive
of t a x e s ) , ..........................................................................................................6,981
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 8 8 9 , ........................................................................................
695,715
Number of s a m e , ....................................................................................... 10,629
Amount of withdrawals, including dividends, during the year ending Oct.
31, 1889....................................................................................................................
709,845
Number of s a m e , ......................................................................................... 8,136
Date of examination by commissioner: April 5.

00
00
90
00

93
67
88

91
00

11

Classification o f D eposits received d uring the Y ear ending Oct. 3 1 , 1 8 8 9 .

O f $50 and less,
Exceeding $50, and not
more than $100, .
Exceeding $100, and not
more than $200, .
Exceeding $200, and not
more than $500, .
Exceeding $500, and less
than $1,000, .
O f $1,000 or more, .

Num­
ber.

Amount.

7,924

$162,739 00

1,396

115,655 00

658

103,418 00

464

164,389 00

128
59

88,814 00
60,700 00

10,629

$695,715 00

Co m m o n w e a l t h

Num­
ber.
To the credit —
Of women, both adult
and minor,
Of guardians,
O f religious and char­
itable associations, .
In trust................................

of

Amount.

4,926
23

$326,170 00
6,249 00

106
113

15,630 00
18,488 00

M assach usetts.
E ssex,

ss .,

N ov . 9, 1889.

Personallyappeared D. H. Sweetser, Treasurer of the Lynn Institution for Savings, and
made oath that the foregoing statement, by him subscribed, is a true and correct state­
ment of all the resources and liabilities of said institution, and that the answers made by
him to the foregoing interrogatories contain the whole truth in reference to the matters
to which they relate, according to his best knowledge and belief.
Before me,

C l if t o n C o l b u k n , Notary Public.
E ssex,

ss .,

N ov . 9, 1889.

Personally appeared Philip A. Chase, President, and Amos F. Breed, Thomas Stacey,
Owen Dame, Chas. D. Pecker and Joseph F. Hannan, trustees of said corporation,
and severally made oath that the annexed report is correct, according to their best
knowledge and belief.
Before me,
C l if t o n C o l b u r n , Notary Public.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

332

B A N K CO M M ISSIO N ERS’ R E PO R T.

[Jan

M A L D E N SA V IN G S B A N K — M A L D E N .

Incorporated 1860.

Present number of corporators, 34.

J a m e s P ie r c e , President .

F r a n c is A . S h o v e , Treasurer.

F r a n c is A . S h o v e , Clerk o f the Corporation.

Names of committee charged with the investment of its funds :
J a m e s P ie r c e ,

A . F. S a r g e n t ,

A. G. H i l l ,

A. H . D a v e n p o r t ,

J. P. H o l d e n ,

F. F. S i l l i m a n .

Open for business every business day, 8.30

a .m .

to 1 p . m . ; also Saturday, 7 to 8.30

p .m .

B alance Sheet , O ctober 31, 1889.

L ia b il it ie s .

A ssets.

Public funds as per schedule, .
Bank stock as per schedule,
Loan on bank stock, .
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
1 ( n o t e s ) ,....................................
Loans on depositors’ books,
Deposits in banks, on interest, .
Expense account,
Cash on hand, .
.
.
.

$149,000
66,900
500
571,660
326,120

00
00
00
00
00

95,500
600
14,824
401
2,411

00
00
62
44
63

$1,227,917 69

$1,187,556 96
26,900 00
3,084 70

Deposits, .
Guaranty fund,
Interest account,
Profit and loss ac­
count, .

10,376 03

$1,227,917 69

Cash on Deposit in Banks, amount in each : —
.

First National Bank, Malden,
National Exchange Bank, Boston,

$12,956 73
1,867 89

Loan on Bank Stock : —
On 5 shares First National Bank, Malden,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

.

$500 00

1890.]

333

P U B L IC D O CU M EN T — No. 8

D etailed Statem ent o f P u blic Funds.

Par Value.

City of Fall River, Mass., 6s, ,
of Fitchburg, Mass., 6s, .
of Bangor, Me., 6s, .
of Newton, Mass., 5s,
of Malden, Mass., 4s,
Town of Woburn, Mass., 6s, .
of Brookline, Mass., 7s,
of Clinton, Mass., 4s,

$5,000
1,000
5,000
8,000
100,000
10,000
10,000
10,000

Estimated
Market Value.

$6,600
1,080
6,150
9,225
107,670
10,550
12,500
10,200

00
00
00
00
00
00
00
00

Amount Invested.

$5,000
1,000
5,000
8,000
100,000
10,000
10,000
10,000

00
00
00*
00
00
00
00
00

$149,000 $163,975 00 $149,000 00
*

A legal investment when made.

No. of
Shares.

D etailed Statem ent o f B an k Stocks.

20
23
13
25
'8 6

28
8
73
15
25
20
20
10
11
4
16
30
12
14
10
55
7
5
16
47
12
10
30
68

Par Value.

Atlas National Bank, Boston,
Atlantic Nat’l Bank, Boston, .
N’l B’k of Commerce, Boston,
Continental N’l Bank, Boston,
National City Bank, Boston, .
National Eagle Bank, Boston,
Eliot National Bank, Boston,
N atl Exchange Bank, Boston,
First National Bank, Boston,
Freeman’s N’l Bank, Boston,
Globe National Bank, Boston,
N’l Hide &LeatherB’k,Boston,
Hamilton Natl Bank, Boston,
Howard N atl Bank, Boston,
Massachusetts N’l B’k, Boston,
Market Nat’l Bank, Boston,
Merchants’ N’l Bank, Boston,
N’l B'k of No. America, Boston,
North National Bank, Boston,
Old Boston N’l Bank, Boston,
N’l B’k of Redemption,Boston,
Nat’l Revere Bank, Boston, .
Nat’l Rockland Bank, Boston,
Shawmut Nat’l Bank, Boston,
State National Bank, Boston,
Suffolk Nat’l Bank, Boston, .
Tremont Nat’l Bank, Boston,
Nat’l Webster Bank, Boston,
First National Bank, Malden,


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Federal Reserve Bank of St. Louis

*

$2,000
2,300
1,300
2,500
3,600
2,800
800
7,300
1,500
2,500
2,000
2,000
1,000
1,100
1,000
1,600
3,000
1,200
1,400
1,000
5,500
700
500
1,600
4,700
1,200
1,000
3,000
6,800
$66,900

Estimated
Market Value.

$2,400
3,280
1,651
3,025
3,420
2,884
1,048
9,271
3,630
2,575
1,980
2,400
1,260
1,210
1,100
1,600
4,320
1,464
1,946
1,190
7,370
868
755
2,080
5,687
1,380
1,130
3,000
6,840

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

$80,764 00

Amount Invested.

$2,000
2,300
1,300
2,500
3,600
2,800
800
7,300
1,500
2,500
2,000
2,000
1,000
1,100
1,000
1,600
3,000
1,200
1,400
1,000
5,500
700
500
1,600
4,700
1,200
1,000
3,000
6,800

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

$66,900 00

334

B A N K CO M M ISSIO N ERS’ R E P O R T .

[Jan.

Total A m ou nt o f L oan s with E ach Specified Rate o f Interest, including
Deposits in B anks on Interest.

Amount.

$14,824
27,000
13,000
71,500

Rate.

62
00
00
00

Amount.

2^ per cent.
3i
“
3h
“
4
«

$45,000
99.000
25.000
50.000

00
00
00
00

Rate.

Amount.

Rate.

4.) per cent.
4è
“
4|
“
4|
“

$222,995 00
46,350 00
394,535 00

5 per cent.
5è
“
6
«

Number of loans which are of an amount not exceeding $3,000 each, 339
Aggregate amount of the s a m e , ........................................................................ $431,630
Total number of loans upon real e s t a t e , ............................................. 336
Gross amount of interest or profits received or earned, as per books, during
year ending Oct- 31, 1 8 8 9 ,.................................................................................
58,355
Rate and amount of each semi-annual dividend during the } 2 per cent., f 20,007
year ending Oct. 31, 1889........................................................... J 2 per cent., (
21,281
Times for the dividends fixed by the by-laws: second Wednesday in April
and October.
Number of accounts opened during the year ending Oct. 31,1889,
1,116
Number of accounts closed during the year ending Oct. 31, 1889,
. 621
Total number of open accounts Oct. 31, 1889,
.
.
.
.
5,091
Expenses of the corporation for the year ending Oct. 31,1889 (exclusive of
taxes),............................................................................................................................... 4,421
Amount of deposits, not including dividends, received during the year end­
ing Oct. 31, 1889,...................................................................................................
422,571
Number of s a m e , ................................................................................ 7,950
Amount of withdrawals, including dividends, during the year ending Oct.
31, 1889.....................................................................................................................
342,680
Number of s a m e , ................................................................................. 4,725
Date of examination by commissioner: March 21.

00

61
92
46

97
75

93

Classification o f D eposits received d uring the Y ear ending Oct. 3 1 , 1 8 8 9 .

Num­
ber.
O f $50 and less,
Exceeding $50, and
more than $100, .
Exceeding $100, and
more than $200, .
Exceeding $200, and
more than $500, .
Exceeding $500, and
than $1,000, .
O f $1,000 or more, .

6,491

$109,783 50

769

65,109 25

357

53,300 00

217

79,329 00

63
53

53,946 00
61,104 00

7,950

$422,571 75

not
not
not
less


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Num­

Amount.

ber.
To the credit —
O f women, both adult
and minor,
O f guardians,
O f religious and charitable associations, .
In trust, .
.
.
.

Amount.

3,962
10

$213,275 00
1,919 00

87
690

21,703 00
49,698 00

1890.]

PU B L IC DOCU M ENT — No. 8.

Co m m o n w ea lth

of

335

M a s sa c h u s e t t s .
M id d l e s e x ,

ss .,

N ov . 12, 1889.

Personally appeared Francis A. Shove, Treasurer of the Malden Savings Bank, and
made oath that the foregoing statement, hy him subscribed, is a true and correct
statement of all the resources and liabilities of said institution, and that the answers
made by him to the foregoing interrogatories contain the whole truth in reference to
the matters to which they relate, according to his best knowledge and belief.
Before me,

E d w d . P. K i m b a l l , Justice o f the Peace.

M id d l e s e x ,

ss .,

N ov. 12, 1889.

Personally appeared James Pierce, President, and A. G. Hill, W . G. A. Turner, A. F.
Sargent, David Ayers and J. P. Holden, trustees of said corporation, and severally made
oath that the annexed report is correct, according to their best knowledge and belief.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Before me,

E d w d . P. K i m b a l l , Justice o f the Peace.

336

[Jan,

B A N K CO M M ISSIO N ERS’ R E PO R T.

M A R B L E H E A D S A V IN G S B A N K — M A R B L E H E A D .

Incorporated 1871.

Present number of corporators, 68.

N . P . S a n b o r n , President.

W

il l ia m

G i l l e y , Treasurer

E y e r e t t P a i n e , Clerk o f the Corporation.

Names of committee charged with the investment of its funds:
N. P. S a n b o r n ,

H e n r y A. P o t t e r ,

W m . R eyn o ld s,

St e p h e n H a t h a w a y ,

M oses G i l b e r t .

Open for business every business day, 9

a .m .

to 12

B a l a n c e Sh e e t , O c to b er

A ssets.

Public funds as per schedule, .
Bank stock as per schedule,
Loans on bank stock,
Railroad bonds as per schedule,
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Deposit in bank, on interest,
Expense account,
Cash on hand, .
.
.
.

m.

; also Saturday, 6 to 8 p .m .

31, 1889.

L ia b il it ie s .

$40,000
55,818
6,250
31,600
28,417
108,215
49,489
16,214
298
3,372

00
96
00
00
86
00
00
10
44
02

Deposits, .
Guaranty fund,
Interest account,
Profit and loss ac­
count, .

$323,877 88
7,121 82
8,159 76
515192

$339,675 38

$339,675 38

Cash on Deposit in Bank: —
Marblehead National Bank, Marblehead,

.

$16,214 10

Loans on Bank Stock, amount on each : —
On 30 shares Marblehead National Bank, Marblehead,
On 5 shares Marblehead National Bank, Marblehead, .
On 21 shares Marblehead National Bank, Marblehead,
On 22 shares National Grand Bank, Marblehead,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$1,500 00
450 00
'J

4,300 00

1890.]

PU B L IC DO CU M EN T — No. 8.

337

Detailed Statement o f Public F unds.

Par Value.

Town of Arlington, Mass., 6s,
of Marblehead, Mass., 4s,
of Melrose, Mass., 7s, .
City of Bangor, Me., 6s, .

$2,000
18,500
10,000
8,000
$38,500

*A

Estimated
Market Value.

$2,120
19,332
11,000
8,880

00
00
00
00

$41,332 00

Amount Invested.

$2,000
18,500
11,000
8,500

00
00
00
00*

$40,000 00

legal investment when made.

D etailed Statement o f Bank Stocks.

<O
*-. <
0X
0>
*

Estimated

38
12
31
30
19
25
5
32
9
13
25
20
25
25
29
24
4
25
21
56

iB0,

_

Market Value.

£ g

N’l Grand Bank, Marblehead,
Marblehead N’l B’k, Marblehead, .
.
.
.
.
Boylston Nat’l Bank, Boston,
Blackstone N’l Bank, Boston,.
N’l B’k of Commerce, Boston,
Continental N’l Bank, Boston,
Hamilton Nat’l Bank, Boston,
N ’l Hide & Leather B’k,Boston,
Market Nat’l Bank, Boston, .
Merchandise N’l B’k, Boston,
Merchants’ N’l Bank, Boston,.
Mt. Vernon N’k Bank, Boston,
North Nat’l Bank, Boston,
N’l B’k of No. America, Boston,
N’l B’k of Redemption, Boston,
N’l B’k of the Republic,Boston,
National Revere Bank,Boston,
Shawmut Nat’l Bank, Boston,
Shoe & Leather N’l B’k.Boston,
State National Bank, Boston,

$3,800
1,200
3,100
3,000
1,900
2,500
500
3,200
900
1,300
2,500
2,000
2,500
2,500
2,900
2,400
400
2,500
2,100
5,600
$46,800

$4,560 00
1,380
4,278
3,337
2,432
3,062
630
3,840
873
897
3,612
2,790
3,475
3,056
3,900
3,648
496
3,250
1,979
6,776

00
00
50
00
50
00
00
00
00
50
00
00
25
50
00
00
00
25
00

$58,273 50

$4,639 15
1,344
3,839
3,485
2,440
2,687
591
3,744
999
1,297
3,331
2,505
3,056
2,778
4,067
8,072
442
3,084
2,366
6,048

00
50
00
00
50
25
00
00
67
25
20
25
12
25
00
75
37
25
45

$55,818 96

D etailed Statem ent o f R ailroad Bonds.

Par Value.

Boston & Lowell R.R. 7s,
Boston & Lowell R.R. 4s,
Fitchburg R.R. 4^s, .
.
Fitchburg R.R. 5s, .


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

.

.

Estimated
Market Value.

$10,000
10,000
5.000
5.000

$11,800
10,500
5,000
5,200

$30,000

$32,500 00

00
00
00
00

Amount Invested.

$11,400
10,000
5,000
5,200

00
00
00
00

$31,600 00

338

B A N K CO M M ISSIO N ERS’ R EPO RT.

[Jan.

Total A m ou n t o f L oan s w ith E ach Specified Bate o f In terest, including
D eposits in B anks on Interest.

Amount.

$16,214 10
15,500 00
61,600 00

Amount.

Rate.

$22,200 00
64,004 00

2 per cent.
4i
“
5
“

Rate.

5J per cent.
6
“

Rate.

Amount.

$450 00
200 00

7 per cent.
8

$28,417 86
Value, by books, of real estate, held by foreclosure or otherwise,
29,150 00
Assessed value of the s a m e ,.................................................................................
137 99
Net income received from same during year ending Oct. 31, 1889,
Number of loans which are of an amount not exceeding $3,000 each, . 57
56,604 00
Aggregate amount of the s a m e , ................................... ........
Total number of loans upon real estate,..................................................... 63
Gross amount of interest or profits received or earned, as per books, dur­
16,533 88
ing year ending Oct. 31, 1 8 8 9 , .......................................................................
5,382 10
Rate and amount of each semi-annual dividend during the ) 2 per cent., f
5,642 22
year ending Oct. 31, 1 8 8 9 , .....................................................i 2 per cent., 1
Times for the dividends fixed by the by-laws: May 1 and November 1.
Number of accounts opened during the year ending Oct. 31, 1889,
. 220
Number of accounts closed during the year ending Oct. 31, 1889,
. 194
Total number of open accounts Oct. 31, 1889,
.
.
.
.
1,608
Expenses of the corporation for the year ending Oct. 31, 1889 (exclusive
631 21
of t a x e s ) , ...........................................................................................................
Amount of deposits, not including dividends, received during the year
83,309 00
ending Oct. 31, 1 8 8 9 ,..........................................................................................
Number of s a m e ,.......................................................................................... 1,461
Amount of withdrawals, including dividends, during the year ending Oct.
63,755 51
31, 1 8 8 9 , ..................................................................................................
Number of same................................................................................................ 1,067
Date of examination by commissioner: August 3.

Classification o f D eposits received d uring the Y ear ending Oct. 3 1 , 1 8 8 9 .

O f $50 and less,
Exceeding $50, and not
more than $100, .
Exceeding $100, and not
more than $200, .
Exceeding $200, and not
more than $500, .
Exceeding $500, and less
than $1,000, .
O f $1,000 or more, .


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Num­
ber.

Amount.

1,118

$19,580 00

190

15,693 00

74

11,138 00

62

23,712 00

13
4

9,186 00
4,000 00

1,461

$83,309 00

Num­
ber.

To the credit —
O f women, both adult
and minor,
O f guardians,
O f religious and chari­
table associations, .
In trust................................

Amount.

633
1

$34,550 00
191 00

22
15

1,079 00
5,008 00

1890.]

PU B LIC DO CU M EN T — No. 8.

Co m m o n w e a l t h

of

339

M assa ch u setts.
E ssex ,

ss .,

N ov . 19, 1889.

Personally appeared William Gilley, Treasurer of the Marblehead Savings Bank, and
made oath that the foregoing statement, by him subscribed, is a true and correct state­
ment of all the resources and liabilities of said institution, and that the answers made
by him to the foregoing interrogatories contain the whole truth in reference to the
matters to which they relate, according to his best knowledge and belief.
Before me,

S t e p h e n C. F e l t o n , Justice o f the Peace.

E ssex,

s s .,

N o v . 20, 1889.

Personally appeared N. P. Sanborn, President, and W m . Reynolds, S. D. Smith,
Everett Paine, S. Hathaway and Thos. Ingalls, trustees of said corporation, and sever­
ally made oath that the annexed report is correct, according to their best knowledge and
belief.
Before me,
S t e p h e n C. F e l t o n , Justice o f the Peace.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

340

B A N K CO M M ISSIO N E R S’ R E P O R T .

[Jan

M AR LB O R O U G H S A V IN G S B A N K — M AR LB O R O U G H .

Incorporated April 3, 1860.

Present number of corporators, 107.

S. H e r b e r t H o w e , President.

E d w a r d II. A l l e y , Treasurer.

E d w a r d It. A l l e y , Clerk o f the Corporation.

Names of committee charged with the investment of its funds :
S. H e r b e r t H o w e ,

L o r im a n S. B r i g h a m ,

A l b e C. W

W

eeks,

W

in s l o w

M. W

il l ia m

D. B u r d e t t ,

arren.

Open for business every business day, except Saturday, 9

a .m .

to 12

m .,

2 to 4

p .m .

;

Saturday, 9 a . m . to 12 m .

B a l a n c e Sh e e t , O c to b er

31, 1889.

L ia b il it ie s .

A ssets.

Public funds as per schedule, .
Bank stock as per schedule,
Loans on bank stock,
Railroad bonds as per schedule,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
(notes), ....................................
Deposits in banks, on interest, .
Expense account,

$271,766
205,079
4,529
104,392
674,640
27,205

00
50
00
50
00
00

Deposits, .
Guaranty fund,
Profit and loss ac­
count, .

$1,317,791 43
31,600 OO
35,180 90

63,500 00
32,335 68
1,124 65
$1,384,572 33

$1,384,572 33

Cash on Deposit in Banks, amount in each : —
First National Bank, Marlborough....................................................................... $18,244 99
People’s National Bank, Marlborough,..............................................................
14,090 69
Loans on Bank Stock, amount on each : —
On 12 shares National Bank of the Commonwealth, Boston,
.
.
.
On 37 shares National Eagle Bank, Boston,......................................................I
On 4 shares Merchandise National Bank, B o s t o n , ....................................J


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$1,200 00
3 329 00

1890.]

341

P U B L IC D O CU M EN T — No. 8.

D etailed Statem ent o f P u blic F u nd s.

Par Value.

Town of Arlington, Mass., 6s,
City of Boston, Mass., 4s,
of Boston, Mass., 6s,
of Cambridge, Mass., 6s,.
of Charlestown, Mass., 6s,
Town of Clinton, Mass., 4s,
City of Dover, N. H., 6 s,.
of Fall River, Mass , 6s, .
of Fitchburg, Mass., 4s, .
of Keene, N. I I , 4s,
of Lewiston, Me , 5s,
of Lowell, Mass., 6s,
of Lowell, Mass., 4s,
of Lynn, Mass., 6s, .
of Lynn, Mass., 4s, .
Town of Marlborough, Mass., 4s, .
of Malden, Mass., 4s, .
City of Newton, Mass , 5s,
Town of Pawtucket, R. I., 5s, .
of Pawtucket, R. I., 4 s ,.
City of Providence, R. I., 5s, .
of Springfield, Mass., 7s,
of Taunton, Mass., 6s,
of Waltham, Mass., 4s, .
Town of Wellesley, Mass., 4s,
of Weymouth, Mass., 4s,
of Winchester, Mass., 4s,
City of Worcester, Mass., 4s, .
of Worcester, Mass., 3|s,

$3,000
15,000
11,000
12,000
27,000
9,000
4,400
15,000
3,000
10,000
7,000
12,000
20,000
7,000
2,000
22,000
5,000
2,000
10,000
3,000
9,000
1,000
4,000
15,000
15,000
1,000
15,000
5,500
5,000

Estimated
Market Value.

$3,165
15,825
14,135
13,455
27,645
9,600
4,644
16,500
3,015
10,425
8,785
12,240
20,075
7,770
2,110
23,500
5,300
2,400
11,150
3,180
10,800
1,230
4,580
15,570
15,750
1,070
16,050
5,555
5,025

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

Amount Invested.

$3,000
15,375
11,000
12,425
27,000
9,000
4,400
15,000
3,000
10,000
7,000
12,000
20,000
7,000
2,000
22,116
5,512
2,000
10,000
3,000
9,000
1,000
4,000
15,437
15,000
1,000
15,000
5,500
5,000

00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
50
00
00
00
00
00
00
50
00
00
00
00
00

$269,900 $290,569 00 $271,766 00

No. of

Shares.

D etailed Statem ent o f B an k Stocks.

80
50
50
12
88
45
62
70
40
50
25
35

Par Value.

Atlas National Bank, Boston,
Blackstone N’l Bank, Boston,
Boston Nat’l Bank, Boston, .
Boylston Nat’l Bank, Boston,
Continental N’l Bank, Boston,
Eliot National Bank, Boston,
Everett Nat’l Bank, Boston, .
Faneuil llall N’l B’k, Boston,
Freeman’s N’l Bank, Boston,
Globe National Bank, Boston,
Hamilton Nat’l Bank, Boston,
Howard Nat’l Bank, Boston, .


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$8,000
5,000
5,000
1,200
8,800
4,500
6,200
7,000
4,000
5,000
2,500
3,500

Estimated
Market Value.

$9,460
5,637
6,100
1,656
10,780
5,917
6,386
10,027
4,150
4,925
3,125
3,850

00
50
00
00
00
50
00
50
00
00
00
00

Amount Invested.

$8,000
5,000
5,000
1,624
8,800
4,500
6,200
7,000
4,000
5,000
2,500
3,500

00
00
00
25
00
00
00
00
00
00
00
00

342

B A N K CO M M ISSIO N ERS’ R E P O R T .

[Jan

No. of

Shares.

Detailed Statement o f Bank Stocks — Concluded.

70
50
50
50
10
50
15
76
75
15
64
42
75
60
25
75
50
50
6550
70
50
80
15
3u
82
55
14
16

Par Value.

Manufacturers’ N’l Ek, Boston,
Market Nat’l Bank, Boston, .
Merchants’ N’l Bank, Boston,
Merchandise N’l B’k, Boston,
Mt Vernon N’l Bank, Boston,
National City Bank, Boston, .
N’l B’k of Commerce, Boston,
Nat’l Eagle Bank, Boston,
Nat’l Exchange Bank, Boston,
N’l Hide & Leather B’k,Boston,
N’l B’k of No. America, Boston,
N’l B’k of Redemption, Boston,
N’l B’k of the Republic, Boston,
Nat’l Revere Bank, Boston, .
Nat’l Union Bank, Boston,
Nat’l Webster Bank, Boston,.
Shawnmt Nat’l Bank, Boston,
Shoe & Leather N’l B’k, Boston,
State National Bank, Boston,
Suffolk Nat’l Bank, Boston, .
Third National Bank, Boston,
Traders’ Nat’l Bank, Boston,.
Tremont Nat’l Bank, Boston,
First National Bank, Clinton,
First National Bank, Lynn, .
First N’l Bank, Marlborough,
People’s N’l B’k, Marl borough,
Newton Nat’l Bank, Newton,
City Nat’l Bank, Worcester, .

$7,000
5,000
5,000
5,000
1,000
5,000
1,500
7,600
7,500
1,500
6,400
4,200
7,500
6,000
2,500
7,500
5,000
5,000
6,500
5,000
7,000
5,000
8,000
1,500
3,000
8,200
5,500
1,400
1,6< i0

$203,600

Estimated
Market Value.

$7,350
5,000
7,112
3,431
1,395
4,750
1,920
7,828
9,562
1.800
7,824
5,649
12,525
7,440
3,575
7,500
6,500
4,712
7,865
5,762
7,315
4,900
9,280
1,875
3,907
8,692
6,325
1,316
2,176

00
00
50
00
00
00
00
00
50
00
00
00
00
00
00
00
00
50
00
50
00
00
00
00
50
00
00
00
00

$237,303 00

Amount Invested.

$7,000
4,959
5,000
4,970
1,330
5,000
1,500
7,600
7,500
1,516
6,400
4,200
7,500
5,939
3,550
7,500
5,000
5,000
6,500
5,000
7,000
4,789
8,000
1,500
3,000
8,200
5,500
1,400
1,600

00
50
00
00
00
00
00
00
00
50
00
00
00
50
00
00
00
00
00
00
00
75
00
00
00
00
00
00
00

$205,079 50

Detailed Statement o f Railroad Bonds.

Par Value.

Boston & Albany R.R. 7s,
Boston & Albany R.R. 6s,
Boston, Clinton & Fitchburg R.R. 7s,
Boston & Lowell R.R. 6s,
Boston & Lowell R.R. 7s,
Boston & Lowell R.R. 4s,
Boston c% Maine R.R. 7 s,.
Boston & Providence R.R. 4 s ,.
Fitchburg R.R. 4|s, .
.
.
.
Old Colony R.R. 6s,
. . .
Old Colony R.R. 4is,
Old Colony R.R. 4s,
. . .
Portland & Ogdensburg R.R. 6s,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$6,000
3,000
2,500
5,000
2,000
10,000
7,500
5,000
20,000
2,000
3,000
25,000
10,000
$101,000

Estimated
Market Value.

$6,450
3,345
2,506
5,675
2,140
10,400
8,340
5,400
20,200
2,265
3,270
27,250
11,967

00
00
25
00
00
00
00
00
00
00
00
00
50

$109,208 75

Amount Invested.

$6,000
3,000
2,500
5,000
2,000
10,000
7,500
5,000
20,000
2,000
. 3,000
26,425
11,967

00
00
00
00
00
00
00
00
00
00
00
00
50

$104,392 50

343

PU B L IC D O CU M EN T — No. 8.

1890.]

Total A m ou n t o f L oan s ivith E ach Specified R ate o f In terest , including
D eposits in B anks on Interest.

$32,335 68
63,500 00

Amount.

Rate.

Amount.

$31,329 00
215,022 00

2£ per cent.
4
“

Rate.

4£ per cent.
5
“

Rate.

Amount.

$13,558 00
446,465 00

5£ per cent.
6

Number of loans which are of an amount not exceeding $3,000 each, 486
00
Aggregate amount of the s a m e , .......................................................................$427,995
Total number of loans upon real estate,..................................................... 521
Gross amount of interest or profits received or earned, as per books, dur­
ing year endingOct. 31, 1 8 8 9 , .........................................................................
67,569 51
63
Rate and amount of each semi-annual dividend during the
j 2 per
cent., f23,328
' year ending Oct. 31, 1 8 8 9 , ...................................................... 12 per cent., 1
24,120 69
Times for the dividends fixed by the by-laws: third Wednesday in Jan­
uary and July.
Number of accounts opened during the year ending Oct. 31,
1889,
. 922
Number of accounts closed during the year ending Oct. 31,
1889,
. 647
Total number of open accounts Oct. 31, 1889,
.
.
.
.
4,208
Expenses of the corporation for the year ending Oct. 31, 1889 (exclusive
of t a x e s ) , .................................................................................................................... 4,575 17
Amount of deposits, not including dividends, received during the year end­
ing Oct. 31, 1889,..................................................................................................
341,517 00
Number of s a m e , ................................................................................ 4,296
Amount of withdrawals, including dividends, during the year ending Oct.
31, 1 8 8 9 , ...........................................................................................................
296,703 59
Number of same,
......................................................2,595
Date-of examination by commissioner: July 2.

Classification o f D eposits received d uring the Y ear ending Oct. 3 1 , 1 8 8 9 .
Num­

Num­
ber.
O f $50 and less,
Exceeding $50, and
more than $100, .
Exceeding $100, and
more than $200, .
Exceeding $200, and
more than $500, .
Exceeding $500, and
than $1,000, .
O f $1,000 or more, .


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Amount.

2,964

$66,407 00

727

62,497 00

283

43,712 00

199

68,232 00

77
46

53,935 00
46,734 00

4,296

$341,517 00

not
not
not
less

ber.
To the credit —
O f women, both adult
and minor,
O f guardians,
O f religious and char­
itable associations, .
In trust, .
.
.
.

Amount.

1,778
22

$139,160 00
8,162 00

18
159

2,484 00
16,242 00

344

B A N K CO M M ISSIO N ERS’ R E PO R T.

Co m m o n w ea lth
M id d l e s e x ,

ss .

of

[Jan.

M a s sa c h u s e t t s .
M a r l b o r o u g h , N ov . 18, 1889.

Personally appeared Edward R. Alley, Treasurer of the Marlborough Savings Bank,
and made oath that the foregoing statement, by him subscribed, is a true and correct
statement of all the resources and liabilities of said institution, and that the answers
made by him to the foregoing interrogatories contain the whole truth in reference to
the matters to which they relate, according to his best knowledge and belief.
Before me,

M id d l e s e x ,

ss .

F r e d e r i c k L. C l a f l i n , Justice o f the Peace.

M a r l b o r o u g h , N ov . 18, 1889.

Personally appeared S. Herbert Howe, President, and W . M. Warren, A. C. Weeks,
Jas. T. Murphy, H. 0 . Russell, W m. Dadmun, W . D. Burdett, L. S. Brigham,
F. C. Curtis, B. F. Greeley and W . L. Morse, trustees of said corporation, and sev­
erally made oath that the annexed report is correct, according to their best knowledge
and belief.
Before me,
F r e d e r ic k L . C l a f l i n , Justice o f the Peace.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

1890.]

345

PU B L IC DO CU M EN T — No. 8.

M E C H A N IC S ’ S A V IN G S B A N K — H O L Y O K E .

Incorporated 1872.

Present number of corporators, 39.

T im o t h y M e r r i c k , President.

C. B . P r e s c o t t , Treasurer.

E . W . C h a p i n , Clerk o f the Corporation.

Names of committee charged with the investment of its funds :
T im o t h y M e r r ic k ,

L em uel Se a rs,

J. S. W

H ir a m S m i t h ,

ebber,

R . P . Cra fts.

Open for business every business day, 9

a .m .

6 to 8

to 12

B a l a n c e Sh e e t , O c t o b e r

A ssets,

Bank stock as per schedule,
Loans on bank stock,.
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Loans on depositors’ books,
Deposit in bank, on interest,
Expense account,
Furniture and fixtures,
Cash on hand, .

m .,

1 to 4

p .m .

; also Saturday,

p .m .

31, 1889.

L ia b il it ie s .

$48,078
17,900
7,600
537,159
225,882
1,200
12,500
2,237
2,157
4,375

50
00
00
00
00
00
00
55
00
31

$859,089 36

Deposits, .
Guaranty fund,
Interest account,

$828,961 88
16,958 00
13,169 48

$859,089 36

Cash on Deposit in Bank : —
City National Bank, H o l y o k e , ....................................................................... $12,500 00
Loans on Bank Stock, amount on each : —
On 10 shares City National Bank, Holyoke,......................................................$900 00
On 68 shares Third National Bank, Springfield, .
.
.
.
.
. i «•
On 8 shares Chapin National Bank, Springfield,............................................ J
’
On 8 shares Agawam National Bank, S p r i n g f i e l d ,....................................
800 00


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

346

B A N K CO M M ISSIO N ERS’ R E P O R T .

[Jan.

On 3 shares Chapin National Bank, Springfield, .
................................... 1
On 10 shares City National Bank, H olyoke,..................................................... j
On 20 shares Home National Bank, H o l y o k e ; ............................................
On 60 shares Home National Bank, H o l y o k e , ............................................
On 25 shares Home National Bank, H o l y o k e , .............................................

^
1,400 00
5,000 00
2,000 00

No. of

Shares.

Detailed Statement o f Bank Stocks.

22
20
50
75
193

Par Value.

,

Shoe & Leather N’l B’k, Boston,
First Nat’l Bank, Springfield,
Third Natfi Bank, Springfield,
Hadley Falls N’l B’k, Holyoke,
City National Bank, Holyoke,

$2,200
2,000
5,000
7,500
19,300
$36,000

Estimated
Market Value.

$2,200
3,000
10,250
12,750
21,230

00
00
00
00
00

$49,430 00

Amount Invested.

$3,008
3,080
8,500
11,990
21,500

50
00
00
00
00

$48,078 50

Total Amount o f Loans with Each Specified Rate o f Interest, including
Deposits in Banks on Interest.

Amount.

$12,500 00

Rate.

4 per cent.

Amount.

$773,866 00

Rate.

5 per cent.

Amount.

$8,275 00

Rate.

6 per cent.

,
Value, by books, of real estate, held by foreclosure or otherwise,
$7,600 00
Assessed value of the s a m e ,...............................................................
6,960 00
Number of loans which are of an amount not exceeding $3,000 each., 161
Aggregate amount of the s a m e , ......................................................
206,549 00
Total number of loans upon real e s t a t e , ....................................
. 212
Amount of investments from which no income is received, .
13,600 00
Gross amount of interest or profits received or earned, as per books, during
year ending Oct. 31, 1 8 8 9 , ..............................................................
45,553 72
Rate and amount of each semi-annual dividend during the 1 2 per cent., f
14,263 49
year ending Oct. 31, 1 8 8 9 ,......................................................) 2 per cent., 1
14,684 98
Times for the dividends fixed by the by-laws : May and November.
Number of accounts opened during the year ending Oct. 31, 1889,
. 618
Number of accounts closed during the year ending Oct. 31, 1889,
. 503
Total number of open accounts Oct. 31, 1889,
.
.
.
.
2,427
Expenses of the corporation for the year ending Oct. 31, 1889 (exclusive of
taxes).......................................................................................................................
2,817 07
Amount of deposits, not including dividends, received during the year end­
ing Oct. 31, 1889.....................................................................................................
257,421 20
Number of s a m e , ............................................................................... 3,853
Amount of withdrawals, including dividends, during the year ending Oct.
31, 1889,...................................................................................................................
238,719 39
Number of s a m e , ............................................................................... 2,060
Date of examination by commissioner : January 18.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

1890.]

347

P U B L IC D O CU M ENT — No. 8.

Glassification o f Deposits received during the Year ending Oct. 3 1 ,1 8 8 9 .
Num­
ber.
O f $50 and less,
Exceeding $50, and
more than $100, .
Exceeding $100, and
more than $200, .
Exceeding $200, and
more than $500, .
Exceeding $500, and
than $1,000, .
O f $1,000 or more, .

Num­

Amount.

2,937

$55,976 82

480

39,599 12

191

29,125 08

150

51,489 61

49
46

34,917 05
46,313 52

3,853

$257,421 20

ber.
To the credit —
Of women, both adult
and minor,
O f guardians,
Of religious and chari­
table associations, .
In trust................................

not
not
not

Amount.

1,207
9

$78,624 54
300 00

24
40

1,484 25
9,390 16

less

Co m m o n w e a l t h

of

M a s sa c h u s e t t s .
H am pden,

ss .,

N ov . 11, 1889.

Personally appeared C. B. Prescott, Treasurer of the Mechanics’ Savings Bank,
and made oath that the foregoing statement, by him subscribed, is a true and correct
statement of all the resources and liabilities of said institution, and that the answers
made by him to the foregoing interrogatories contain the whole truth in reference to the
matters to which they relate, according to his best knowledge and belief.
Before me,

A l b io n F. H it c h c o c k , Notary Public.

H am pden,

ss .,

N ov . 11, 1889.

Personally appeared Timothy Merrick, President, and James Doyle, John O’Donnell,
E. W. Chapin, G. H. Smith, Hiram Smith, C. O’Leary and A. W . Esleeck, trustees of
said corporation, and severally made oath that the annexed report is correct, accord­
ing to their best knowledge and belief.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Before me,

A l b io n F . H it c h c o c k , Notary Public.

348

[Jan.

B A N K CO M M ISSIO N E R S’ R E PO R T.

M E C H A N IC S ’ S A V IN G S B A N K — L O W E L L .

Incorporated March 1, 1861.

Present number of corporators, 63.

J e k e m ia h C l a r k , President.

C h a s . C. H

u t c h in so n ,

Treasurer.

C h a s . C. H u t c h in so n , Clerk o f the Corporation.

Names of committee charged with the investment of its funds :
J ac ob R

o gers,

J a m e s F r a n c is ,

John D a v is ,

F r a n c is C a r l l ,

C h a s . C. H u t c h in so n .

Open for business every business day, 9

a .m .

to 1 p . m . ; also Saturday evening, 7 to 9.

B a l a n c e Sh e e t , O ctober

31, 1889.

A ssets.

Bank stock as per schedule,
Loans on bank stock,
Loans on railroad bonds, .
Railroad notes, .
.
.
.
Real estate (for banking pur­
poses)..........................................
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Deposits in banks, on interest, .
Expense account,
Cash on hand, .
.
.
.

L ia b il it ie s .

$253,650
69,200
20,500
100,000

00
00
00
00

90,175
58,000
806,393
564,260
35,108
2,194
2,496

00
00
00
00
31
38
65

$2,001,977 34

Deposits, .
Guaranty fund,
Interest account,
Suspense account,
Rent account, .

'

.

$1,891,664
60,000
44,463
1,397
4,452

31
00
25
22
56

$2,001,977 34

Cash on Deposit in Banks, amount in each : —
Railroad National Bank, Lowell, .
Old Lowell National Bank, Lowell,
Merchants’ National Bank, Lowell,
National Hide and Leather Bank, Boston,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$19,917 00
10,000 00

5,000 00
191 31

1890.]

349

P U B L IC DO CU M EN T — No. 8.

Loans on Bank Stock, amount on each : —
On 150 shares National Hide and Leather Bank, Boston,
On 50 shares National Bank of Redemption, Boston, .
On 50 shares National Exchange Bank, Boston, .
On 60 shares People’s National Bank, Boston,
On 150 shares National Hide and Leather Bank, Boston,
On 85 shares Railroad National Bank, Lowell,
On 70 shares National Bank of the Commonwealth, Boston,
On 20 shares Metropolitan National Bank, Boston,
On 10 shares Railroad National Bank, Lowell,
On 25 shares First National Bank, Lowell, .
.
.
.
On 6 shares Merchants’ National Bank, Lowell, .
On 25 shares Old Lowell National Bank, Lowell, .
On 3 shares Old Lowell National Bank, Lowell, .
On 5 shares Merchants’ National Bank, Lowell, .

$30,000 00

23,500 00

10,000 00
2,500 00
2,500 00
200 00
500 00

Loans on Railroad Bonds, amount on each : —
n $20,000 Lowell & Lawrence R.R. 6s,
On $1,000 Boston & Lowell R.R. 7s,
.

.
.

.'

$20,000 00
500 00

.

No. of

Shares.

Detailed Statement o f Bank Stocks.

106
99
63
9
45
40
25
90
8
65
200
13
265
100
10
105
43
37
281
83
160
20
39
7
50
28
117
30
68

Par Value.

Atlas National Bank, Boston,
Blackstone N’l Bank, Boston,
Boston Nat’l Bank, Boston, .
National City Bank, Boston, .
N’l B’k of Commerce, Boston,
National Eagle Bank, Boston,
Eliot National Bank, Boston,.
Everett Nat’l Bank, Boston, .
First National Bank, Boston, .
Hamilton Nat’l Bank, Boston,
N’l Hide & Leather B’k, Boston,
Howard Nat’l Bank, Boston, .
Merchants’ N’l Bank, Boston,
Metropolitan N’l Bank,Boston,
Mt. Vernon N’l Bank, Boston,
New England N’l B’k, Boston,
North National Bank, Boston,
N’l B’k of No. America, Boston,
N’l B’k of Redemption, Boston,
N’l B’k of the Republic,Boston,
Nat’l Revere Bank, Boston, .
Second Nat’l Bank, Boston, .
Shawmut Nat’l Bank, Boston.
Traders’ Nat’l Bank, Boston, .
Nat’l Webster Bank, Boston.
Collateral Loan Co., Boston, .
Railroad Nat’l Bank, Lowell,
Bay State N’l Bank, Lawrence,
First National Bank, Malden,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$10,600
9,900
6,300
900
4,500
4,000
2,500
9,000
800
6,500
20,000
1,300
26,500
10,000
1,000
10,500
4,300
3,700
28,100
8,300
16,000
2,000
3,900
700
5,000
2,800
11,700
2,250
6,800

Estimated
Market Value.

$12,534
11,162
7,686
855
5,760
4,120
3,287
9,270
1,940
8,190
24,000
1,430
38,292
10,400
1,395
17,036
5,977
4,523
37,794
13,861
19,840
3,500
5,070
665
5,000
2,940
15,444
3,450
8,500

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

Amount Invested.

$11,660
9,900
7,056
900
5,040
4.000
2,500
9,000
800
8,000
21,000
1,300
36,800
10,000
1,000
15,500
5,160
3,700
32,315
9,960
19,200
2,500
4,290
700
5,000
2,800
13,839
2,250
7,480

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

$219,850 $283,921 00 $253,650 00

B A N K COM M ISSIO N ERS’ R E P O R T .

350

[Jan.

Total Amount o f Loans with Each Specified Bate o f Interest, including
Deposits in Banks on Interest.

Kate.

Amount.

$20,108
5,000
10,000
342,260

31
00
00
00

Amount.

2 per cent.
2è
“
3
“
4
“

$25,000
504,550
502,073
11,350

00
00
00
00

Rate.

Amount.

Rate.

4| per cent.
4è
“
5
“
5h
“

$155,720 00
9,500 00
9,900 00

6 per cent.
6è
“
7

Amount invested in real estate for banking purposes,....................................
$90,175 00
Estimated value of the same,.................................................................................
80,000 00
Assessed value of the same.....................................................................................
68,900 00
Net income received from same during year ending Oct. 31, 1889,
3,406 71
Value, by books, of other real estate, held by foreclosure or otherwise,
58,000 00
Assessed value of the same.....................................................................................
51,390 00
Net income received from same during year ending Oct. 31, 1889,
628 43
Number of loans which are of an amount not exceeding $3,000 each, . 318
Aggregate amount of the s a m e , .......................................................................
397,353 00
Total number of loans upon real estate,..................................................... 367
Gross amount of interest or profits received or earned, as per books, during
year ending Oct. 31, 1 8 8 9 , ...............................................................................
96,585 18
Rate and amount of each semi-annual dividend during the 1 2 per cent., f 34,157 38
year ending Oct. 31, 1 8 8 9 , ..................................................... 3 2 per cent., 1 34,948 29
Times for the dividends fixed by the by-laws: first Saturday in June and
December.
Number of accounts opened during the year ending Oct. 31, 1889,
. 984
Number of accounts closed during the year ending Oct. 31, 1889,
. 722
Total number of open accounts Oct. 31* 1889,
.
.
.
.
4,876
Expenses of the corporation for the year ending Oct. 31, 1889 (exclusive of
5,664 60
t a x e s ) ,..................................................................................................................
Amount of deposits, not including dividends, received during the year end­
ing Oct. 31, 1 8 8 9 ,.................................................................................................
381,589 50
Number of same.......................................................................................5,169
Amount of withdrawals, including dividends, during the year ending Oct.
31, 1889,..................................................................................................................
342,457 38
Number of s a m e , ................................................................................3,371
Date of examination by commissioner: July 8.

Classification o f Deposits received during the Year ending Oct. 3 1 ,1 8 8 9 .
Num­
ber.
O f $50 and less,
Exceeding $50, and
more than $100, .
Exceeding $100, and
more than $200, .
Exceeding $200, and
more than $500, .
Exceeding $500, and
than $1,000, .
O f $1,000 or more, .

3,821

$76,808 37

652

54,587 72

319

50,856 00

241

83,565 58

66
70

45,771 83
70,000 00

5,169

$381,589 50

not
not
not
less


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Num­
ber.

Amount.

To the credit —
O f women, both adult
and minor,
O f guardians,
O f religious and chari­
table associations,
In trust, .
.
.
.

Amount.

1903
25

$144,887 80
4,171 38

53
453

3,665 13
54,279 05

1890.]

P U B L IC DO CU M EN T — No. 8.

Com m onw ealth

of

351

M a s sa c h u s e t t s .
M id d l e s e x ,

ss .,

N ov . 16, 1889.

Personally appeared Charles C. Hutchinson, Treasurer of the Mechanics’ Savings Bank
in Lowell, and made oath that the foregoing statement, by him subscribed, is a true and
correct statement of all the resources and liabilities of said institution, and that the an­
swers made by him to the foregoing interrogatories contain the whole truth in reference
to the matters to which they rejate, according to his best knowledge and belief.
Before me,

¥

m.

F. H i l l s , Justice o f the Peace.
M id d l e s e x ,

ss .,

N ov . 16, 1889.

Personally appeared Jeremiah Clark, President, and Julian Y . Keyes, Francis Carll,
W m . W . Sherman, Edward N. Burke and Jacob Rogers, trustees of said corporation,
and severally made oath that the annexed report is correct, according to their best
knowledge and belief.
Before me,
W m . F. H i l l s , Justice o f the Peace.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

352

[Jan

B A N K CO M M ISSIO N ERS’ R E PO R T

M EDFORD S A V IN G S B A N K — M ED FORD.
Incorporated 1869.
D a n ’ l W . L a w r e n c e , President.
J. G i l m a n W

Present number of corporators, 79.
C h a r l e s B . B u s s , Treasurer.
a it e ,

Clerk o f the Corporation.

Names of committee charged with the investment of its funds :
D a n ’ l W. L a w r e n c e ,
B e n j . F. H a y e s ,
D a n ’ l A. G l e a s o n ,
F r a n c is E. F o st e r ,
C h a s . M. B a r r e t t .

Open for business Tuesday and Saturday, 3 to 9
B a l a n c e Sh e e t , O c t o b er

p

.m .

31, 1889.

L ia b il it ie s .

A ssets.

Public funds as per schedule, .
Bank stock as per schedule,
Railroad bonds as per schedule,
Railroad notes, .
.
.
.
Real estate (for banking pur­
poses), ....................................
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
(notes), ....................................
Deposit in bank, on interest,
Cash on hand, .
.
.
.

$110,280
33,650
46,011
20,000

00
00
50
00

Deposits, .
Guaranty fund,
Interest account,
Profit and loss ac­
count, .

$686,592 47
17,150 00
17,594 51
7,371 24

11,720 52
323,043 59
132,000 00
21,700 00
27,553 77
2,748 84
$728,708 22

$728,708 22

Cash on Deposit in Bank : —
National Exchange Bank, Boston,

.

.

.

t

.

.

.

.

$27,553 77

Detailed Statement o f Public Funds.
Par Value,

City of Biddeford, Me., 4s,
of Lynn, Mass., 5s, .
of Fall River, Mass., 6s, .
of Haverhill, Mass , 7s, .
of Charlestown, Mass., 6s,
Town of Melrose, Mass., 7s, .
of Natick, Mass., 4s,
of Medford, Mass., 6s, .
of Wellesley, Mass., 4s,
of Hartland, Me., 4|s, .
District of Columbia 6s, .


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$14,500
5,000
3,000.
6,000
4,000
7,000
5,000
12,000
15,000
12,000
26,000
$109,500

*

Estimated
Market Value.

$14,500
5,875
3,945
6,390
4,160
7,665
5,150
12,180
15,900
12,000
27,200

00
00
00
00
00
00
00
00
00
00
00

Amount Invested.

$14,500
5,000
3,780
6.000
4,000
7,000
5,000
12,000
15,000
12,000
26,000

00
00
00
00
00
00
00
00
00
00*
00

$114,965 00 $110,280 00

A l;gal investment when made.

1890.]

353

P U B L IC D O CU M EN T — No. 8.

Ko. of
Shares.

Detailed Statement o f Bank Stocks.

12
15
35

4
10
15
20
25
10
20
10
25
20
20
25
15
20
25

Par Value.

N’l B’k of Commerce, Boston,
Hamilton Nat’l Bank, Boston,
Blackstone N’l Bank, Boston,
Nat’l Revere Bank, Boston, .
National Eagle Bank, Boston,
N’l B’k of the Republic, Boston,
N’l B’k of the Commonwealth,
Boston,
.
.
.
.
Monument N’l Bank, Boston,.
Market Nat’l Bank, Boston, .
N’l Hide & Leather B’k, Boston,
Nat’l Webster Bank, Boston,.
Boston Nat’l Bank, Boston, .
North National Bank, Boston,
Merchandise N’l Bank, Boston,
Suffolk Nat’l Bank, Boston, .
Continental N’l Bank, Boston,
Commercial N’l Bank, Boston,
Central National Bank, Lynn,

Estimated
Market Value.

$1,200
1,500
3,300
400
1,000
1,500
2,000
2,500
1,000
2,000
1,000
2,500
2,000
2,000
2,500
1,500
2,000
2,500
$32,400

$1,536
1,899
3,720
496
1,030
2,505
.

3,400
5,500
1,000
2,400
1,000
3,050
2,840
1,400
2,884
1,837
1,960
4,050

Amount Invested.

00
37
75
00
00
00

$1,200
1,500
3,300
400
1,000
1,500

00
00
00
00
00
00

2,000
3,750
1,000
2,000
1,000
2,500
2,000
2,000
2,500
1,500
2,000
2,500

00
00
00
00
00
00
00
0Q
00
00
00
00

00 00
00
00
00
00
00
00
38
50
00
00

$42,509 00

$33,650 00

Detailed Statement o f Railroad Bonds.

Par Value.

Boston & Albany R.R. 6s,
Conn. & Rassumpsic Rivers R.R. 7s,
Fitchburg R.R. 4s, .
Fitchburg R.R. 4|s, .
.
.
.

$5,000
5,000
10,000
25,000
$45,000

Estimated
Market Value.

$5,550
5,500
10,000
25,750

00
00
00
00

$46,800 00'

Amount Invested.

$5,575
5,436
10,000
25,000

00
50
00
00

$46,011 50

Total Amount o f Loans with Each Specified Rate o f Interest, including
Deposits in Banks on Interest.

Kate.

Amount.

$27,553
31,700
25.000
38.000

77
00
00
00

2 per cent.
3!
“
44
“
4i
“


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Kate.

Amount.

$13,000
117,400
6,000
4,800

00
00
00
00

4| per cent.
5
“
54
“
H
“

Amount.

$237,343 59
13,500 00
10,000 00

Kate.

6
6à

7

per cent.
“

354

B A N K CO M M ISSIO N ERS’ R E P O R T .

Amount invested in real estate for banking purposes.......................................
Estimated value of the same..............................................
Number of loans which are of an amount not exceeding $3,000 each, 224
Aggregate amount of the s a m e , .......................................................................
Total number of loans upon real e s t a t e , ............................................ 322
Gross amount of interest or profits received or earned, as per books, during
year ending Oct. 31, 1 8 8 9 ,.................................................................................
Hate and amount of each semi-annual dividend during the )2 per cent., 5
year ending Oct. 31, 1 8 8 9 ,......................................................>2 per cent., t
Times for the dividends fixed by the by-laws : first Saturday in May and
November.
Number of accounts opened during the year ending Oct 31, 1889,
. 315
Number of accounts closed during the year ending Oct. 31, 1889,
. 222
Total number of open accounts Oct. 31, 1889,
.
.
.
.
2,339
Expenses of the corporation for the year ending Oct. 31, 1889 (exclusive of
ta x e s ),....................................................................................................................
Amount of deposits, not including dividends, received during the year end­
ing Oct. 31, 1889,..................................................................................................
Number of s a m e , ..........................................................................................2,516
Amount of withdrawals, including dividends, during the year ending Oct.
¿11, 1889.....................................................................................................................
Number of same................................................................................................1,519
Date of examination by commissioner: April 23.

[Jan.
$11,720 52
11,720 52

p
259,543 09

36,602 23
12,319 64
12,244 55

1,701 26
154,845 00

139,728 98-

Classification o f Deposits received during the Year ending Oct. 3 1 , 188,9.
Number.
O f $50 and less,
Exceeding $50, and not
more than $100, .
Exceeding $100, and not
more than $200, .
Exceeding $200, and not
more than $500, .
Exceeding $500, and less
than $1,000, .
O f $1,000 or more, .

Amount.

1,970

$34,747 00

267

20,993 00

129

19,681 00

96

34,056 00

35
19

26,368 00
19,000 00

2,516

$154,845 00

Co m m o n w ea lth

ber.
To the credit —
Of women, both adult
and minor,
Of guardians,
O f religious and charitable associations, .
In trust, .
.
.
.

of

Amount.

1,046
5

$56,439 00
1,641 00

9
357

436 00
17,265 00

M a s sa c h u s e t t s .
M id d l e s e x ,

ss .,

Nov. 1, 1889.

Personally appeared Charles B. Buss, Treasurer of the Medford Savings Bank,
and made oath that the foregoing statement, by him subscribed, is a true and correct
statement of all the resources and liabilities of said institution, and that the answers
made by him to the foregoing interrogatories contain the whole truth in reference to the
matters to which they relate, according to his best knowledge and belief.
Before me,

D an ’l A

G l e a s o n , Justice o f the Peace.
M i d d l e s e x , ss , Nov. 1, 1889.

Personally appeared Daniel W . Lawrence, President, and Rosewell B. Lawrence,
Jas. P. Richardson, Benj. C. Leonard, J. Gilman Waite and B. F. Hayes, trustees of
said corporation, and severally made oath that the annexed report is correct, according
to their best knowledge and belief.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Before me,

D a n ’ l A. G l e a s o n , Justice o f the Peace.

1890.]

355

P U B L IC D O C U M E N T — No. 8

M E D W A Y S A V IN G S B A N K — M E D W A Y .

Incorporated Feb. 20, 1871.
M

il t o n

Present number of corporators, 36.
F r e d e r i c k L. F i s h e r , Treasurer.

M . F i s h e r , President.

F r e d e r ic k L. F i s h e r , Clerk o f the Corporation.

Names of committee charged with the investment of its funds :
A. M. B. F u l l e r ,

M . M . F is h e r ,
S.

W.

S u m n e r R o b b in s ,

R ic h a r d s o n ,

W ales K

S. G . C l a r k .

im b a l l ,

Open for business every business day, 9

a .m .

B a l a n c e Sh e e t , O c to b er

m .,

2 to 5

p .m .

31, 1889.

L ia b il it ie s .

A ssets.

Public funds as per schedule, .
Bank stock as per schedule,
Loans on bank stock,
Railroad bonds as per schedule,
Real estate by foreclosure,
Loans on real estate,.
Loans on personal security,
Loans to counties, cities or towns
(notes)........................................
Deposits in banks, on interest, .
Assessment on stock of Central
National Bank,
Cash on hand, .
.
.
.

to 12

$6,099
35,300
1.300
25,934
5,632
106,068
35.731

00
59
00
00
55
40
83

Deposits, .
Guaranty fund,
Interest account,

$218,694 10
9,142 17
3,278 58

\

3,500 00
8,525 84
1.300 00
1,722 64
$231,114 85

$231,114 85

Cash on Deposit in Banks, amount in each : —
Howard National Bank, B o s t o n ,....................................................................... $4,954 61
Central National Bank, B o s t o n , ....................................................................... 3,571 23
Loans on Bank Stock, amount on each : —
On 10 shares Appleton National Bank, L o w e l l , ............................................ $1,000 00
On 5 shares Dedham National Bank, D e d h a m ,.............................................
300 00


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

356

B A N K CO M M ISSIO N E R S’ R E P O R T .

[Jan.

Detailed Statement o f Public Funds.

Par Value.

City of Cleveland, Ohio, 6s,
of Detroit, Mich., 6s,
of Grand Rapids, Mich , 5s,
of Keene, N. H , 6s, .
Town of Brookline, Mass., 4is,

Estimated
Market Value.

$1,000
1,000
2,000
500
1,000

$1,115
1,305
2,333
575
1,040

00
00
00
00
00

$5,500

$6,368 00

Amount Invested.

$1,105
1,245
2,176
550
1,023

00
00
00
00
00

$6,099 00

No. of

Shares.

Detailed Statement o f Bank Stocks.

Par Value.

6
18
60
30
15
10
10
25
20
15
20
20
20
17
32

Atlas Nat1] Bank, Boston,
Boston Nat’l Bank, Boston, .
Central Nat’l Bank, Boston, .
First Ward N’l Bank, Boston,
N’l Hide & Leather B’k, Boston,
Howard Nat’l Bank, Boston, .
Market Nat’l Bank, Boston, .
Manufacturers’ N’l B’k, Boston,
Merchandise N’l B’k, Boston,
Mt. Vernon N’l Bank, Boston,
Nat’l Revere Bank, Boston, .
Sliawmut Nat’l Bank, Boston,
Dedham Nat’l Bank, Dedham,
Franklin N’l Bank, Franklin,
Ilolliston N’l Bank, Holliston,
South Framingham National
Bank, South Framingham,*
National Bank of Wrentham,
Wrentham, .
.
.
.

3

*

$600
1,800
6,000
3,000
1,500
1,000
1,000
2,500
2,000
1,500
2,000
2,000
2,000
1,700
3,200

Estimated
Market Value.

$709
2,196
8,160
3,967
1,800
1,100
1,000
2,628
1,390
2,092
2,480
2,600
2,280
1,870
3,648

60
00
00
50
00
00
00
13
00
50
00
00
00
00
00

Amount Invested.

$720
2,234
5,500
3,075
1,905
1,100
1.030
2,542
2,062
1,623
2,543
2,395
2,404
1,972
3,862

00
25
00
00
00
00
00
50
50
75
56
53
00
00
50

20

20 00

20 00

210

240 00

310 00

$32,030

$38,181 73

$35,300 59

This bank is in process o f liquidation, and has paid 99 per cent, to stockholders.

Detailed Statement o f Railroad Bonds.

Par Value.

Boston & Albanv R R. 7s,
Boston, Clinton & Fitchburg R.R. 5s,
Boston & Lowell R R. 4s,
Conn. & Passumpsic Rivers R.R. 7s,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$2,000
2,000
3,000
2,000

Estimated
Market Value.

$2,185
2,383
3,185
2,211

00
00
00
66

Amount Invested.

$2,135
2,215
3,042
2,210

00
00
00
00

1890.]

357

P U B L IC DO CU M EN T — No. 8.

Detailed Statement o f Railroad Bonds— Concluded.

Par Value.

Fitchburg R.R. 6s, .
Leeds & Farmington, R.R. 6s,.
Lowell & Lawrence R.R. 6s, .
Maine Central R R. 6s, .
Newport & Richford R.R. 5s, .
Old Colony R.R. 6 s,.
Old Colony R R. 7 s,.
Portland & Ogdensburg R.R. 6s,
Salem & Lowell R.R. 6s,.

$2,000
2,000
1,000
2,000
2,000
2,000
1,000
2,000
500
$23,500

Estimated
Market Value.

$2,230
2,290
1,150
2,380
2,133
2,340
1,144
2,400
585

Amount Invested.

00
00
00
00
00
00
16
00
00

$26,616 82

$2,210
2,185
1,103
2,330
2,240
2,210
1,112
2,385
556

00
00
00
00
00
00
50
00
50

$25,934 00

Total Amount o f Loans with Each Specified Rate o f Interest, including
Deposits in Banks on Interest.

Kate.

Amount.

$3,571 23
4,954 61

2 per cent.
2i
“

Amount.

$17,500 00
5,000 00

Kate.

Amount.

Kate.

5 per cent.
5h
“

$124,100 23

6 per cent.

$5,632 55
Value, by books, of real estate, held by foreclosure or otherwise,
6,950 00
Assessed value of the s a m e ,...............................................................
237 82
Net income received from same during year ending Oct. 31, 1889,
Number of loans which are of an amount not exceeding $3,000 e£ i, 219
126,000 23
Aggregate amount of the s a m e , ......................................................
. 153
Total number of loans upon real e s t a t e , ....................................
1,300 00
Amount of investments from which no income is received,.
Gross amount of interest or profits received or earned, during year ending
11,272 63
Oct. 31, 1889..................................................................................
3,671 30
Rate and amount of each semi-annual dividend during the 1 2 per■ cent., l
3,790 74
■ cent., )
year ending Oct. 31, 1 8 8 9 ,......................................................L
Times for the dividends fixed by the by-laws; June 1 and December 1.
Number of accounts opened during the year ending Oct. 31, 1889,
. 206
Number of accounts closed during the year ending Oct. 31, 1889,
. 105
Total number of open accounts Oct. 31, 1 8 8 9 , .................................... 981
Expenses of the corporation for the year ending Oct. 31, 1889 (exclusive of
921 46
t a x e s ),...................................................................................................................
Amount of deposits, not including dividends, received during the year end­
133,844 28
ing Oct. 31, 1889.....................................................................................................
Number of same...................................................................................... 1,393
Amount of withdrawals, including dividends, during the year ending Oct.
119,477 47
31, 1889.....................................................................................................................
Number of s a m e , ....................................................................... '
986
Date of examination by commissioner: April 1.*


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Federal Reserve Bank of St. Louis

358

B A N K C O M M ISSIO N ERS’ R E PO R T.

[Jan.

Classification o f Deposits received during the Year ending Oct. 3 1 ,1 8 8 9 .
Num­
ber.
O f $50 and less,
Exceeding $50, and
more than $100, .
Exceeding $100, and
more than $200,
Exceeding $200, and
more than $500, .
Exceeding $500, and
than $1,000, .
O f $1,000 or more, .

Num­

Amount.

932

$18,557 50

206

16,148 39

114

17,010 91

82

24,231 75

38
21

25,213 81
32,681 92

1,393

$133,844 28

not
not
not

ber.
To the credit —
O f women, both adult
and minor,
O f guardians,
O f religious and char­
itable associations, .
In trust................................

Amount.

430
13

$28,191 25
1,351 00

16
60

1,653 71
5,260 29

less

Com m o nw ealth o r M assach usetts.
N orfolk,

ss .,

N ov . 5, 1889.

Personally appeared Frederick L. Fisher, Treasurer of the Medway Savings Bank,
and made oath that the foregoing statement, by him subscribed, is a true and correct
statement of all the resources and liabilities of said institution, and that the answers
made by him to the foregoing interrogatories contain the whole truth in reference to
the matters to which they relate, according to his best knowledge and belief.
Before me,

H e n r y E. M a so n , Justice o f the Peace.

N orfolk,

ss .,

N ov . 7, 1889.

Personally appeared Milton M. Fisher, President, and J. B. Hopkins, S. G. Clark,
Wales Kimball, Sumner Robbins and E. C. Wilson, trustees of said corporation, and
severally made oath that the annexed report is correct, according to their best knowl­
edge and belief.
Before me,
H e n r y E. M a s o n , Justice o f the Peace.


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Federal Reserve Bank of St. Louis

18*90.]

P U B L IC D O C U M E N T — No. 8.

359

M ELROSE S A V IN G S B A N K — M EL R O SE .
Incorporated 1872.
D a n ie l R

ussell,

Present number of corporators, 25.
E. H. Goss, Treasurer.

President.

J ohn L a r r a b e e , Clerk o f the Corporation.

Names of committee charged with the investment of its funds :
G eorge N e w h a l l ,
D a n ie l N o r to n ,
S e t h E . B e Nso n .

Open for business Wednesday and Saturday, 3.30 to 6 p . m .; also Saturday, 7 to 8 p . m .
B a l a n c e Sh e e t , Oc to ber

31, 1889.

A ssets.

L ia b il it ie s .

Public funds as per schedule, .
Bank stock as per schedule,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
( n o te s ),....................................
Deposits in banks, on interest, .
Cash on hand, .
.
.
.

$69,000
7,200
219,625
13,390

00
00
00
00

Deposits, .
Guaranty fund,
Interest account,

$334,110 57
4,999 38
12,414 12

9,000 00
32,467 52
841 55
$351,524 07

$351,524 07

Cash on Deposit in Banks, amount in each: —
National Bank of the Republic, B o s t o n , ............................................. .........
Everett National Bank, Boston..............................................................................

$15,960 00
16,507 52

Detailed Statement o f Public Funds.

Par Value.

City of Dover, N. II., 6s, .
of Portland, Me , 6s,
of Portsmouth, N. H., 6s,
of Boston, Mass., 4s,
of Brockton, Mass., 5s, .
of Columbus, Ohio, 4s,
Town of Clinton, Mass , 4s,
of Melrose, Mass., 4s, .
of Melrose, Mass., 7s, .


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Federal Reserve Bank of St. Louis

Estimated
Market Value.

$3,000
5,000
1,000
7,000
8,000
5,000
6,000
33,000
1,000
$69,000

$3,180
6,150
1,060
7,350
9,360
5,100
6,060
34,055
1,310

00
00
00
00
00
00
00
00
00

$73,625 00

Legal investments when made.

Amount Invested.

$3,000
5,000
1,000
7,000
8,000
5,000
6,000
33,000
1,000

00
00*
00*
00
00
00
00
00
00

$69,000 00

[Jan

B A N K CO M M ISSIO N E R S’ R E PO R T.

360

No. of

Shares.

Detailed Statement o f Bank Stocks.

45
27

Par Value.

Freeman’s N’l Bank, Boston,
Everett Nat'l Bank, Boston, .

Estimated

Amount Invested.

Market Value.

$4,500
2,700

$4,668 00
2,781 00

$4,500 00
2,700 00

$7,200

$7,449 00

$7,200 00

Total Amount o f Loans with Each Specified Rate o f Interest, including
Deposits in Banks on Interest.
Amount.

Rate.

Amount.

$32,467 52
7,600 00

2J per cent.
31
“

$ 2,000 00
2,000 00

Kate.

4 per cent.
5

Amount.

■Rate.

$231,015 00

6 per cent.

Number of loans which are of an amount not exceeding $3,000 each,
186
$205,515 00
Aggregate amount of the same..............................................................................
Total number of loans upon real e s t a t e , .............................................179
Gross amount of interest or profits received or earned, as per books, dur­
15,677 19
ing year ending Oct. 31, 1 8 8 9 , .......................................................................
5,100 08
Rate and amount of each semi-annual dividend during the ) 2 per cent., f
5,353 53
year ending Oct. 31, 1 8 8 9 ,......................................................J 2 per cent., 1
Times for the dividends fixed by the by-laws : January 1 and July 1.
Number of accounts opened during the year ending Oct. 31, 1889, . 466
Number of accounts closed during the year ending Oct. 31, 1889,
. 256
Total number of open accounts Oct. 31, 1 8 8 9 , .................................... 1,996
Expenses of the corporation for the year ending Oct. 31,1889 (exclusive of
1,538 20
taxes),.....................................................................................................................
Amount of deposits, not including dividends, received during the year
183,932 57
ending Oct. 31, 1 8 8 9 ,..........................................................................................
Number of s a m e ,................................................................................ 2,932
Amount of withdrawals, including dividends, during the year ending Oct.
144,517 32
31, 1 8 8 9 , ............................................................................................................
Number of s a m e , ................................................................................1,704
Date of examination by commissioner: September 24.

Classification of Deposits received during the Year ending Oct. 3 1 ,1 8 8 9 .
Num­

Num­
ber.

Of $50 and less,
Exceeding $50, and
more than $100, .
Exceeding $100, and
more than $200, .
Exceeding $200, and
more than $500, .
Exceeding $500, and
than $1,000, .
Of $1,000 or more, .


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Amount.

2,361

$33,101 81

271

22,218 90

128

19,884 11

95

34,498 03

39
38

28,301 66
45,928 06

2,932

$183,932 57

not
not
not
less

ber.
To the credit —
O f women, both adult
and minor,
Of guardians,
O f religious and char­
itable associations, .
In trust................................

Amount.

1,316
8

$67,649 48
4,736 45

118
204

6,365 59
31,650 66

1890.]

P U B L IC D O CU M EN T — No. 8.

Co m m on w ealth
Su ffolk,

of

361

M a s sa c h u s e t t s .

ss .

B oston , N ov . 4, 1889.

Personally appeared E. H. Goss, Treasurer of the Melrose Savings Bank, and made
oath that the foregoing‘ statement, by him subscribed, is a true and correct statement of
all the resources and liabilities of said institution, and that the answers made by him to
the foregoing interrogatories contain the whole truth in reference to the matters to which
they relate, according to his best knowledge and belief.
Before me,

Su ffo lk ,

ss .

F r a n k E. O r c u t t , Justice o f the Peace.

.

B oston , N ov . 11, 1889.

Personally appeared Daniel Russell, President, and Jos. D. Wilde, Moses S. Page,
George Newhall, John Larrabee and Daniel Norton, trustees of said corporation, and
severally made oath that the annexed report is correct, according to their best knowledge
and belief.
Before me,
F r a n k E . O r c u t t , Justice o f the Peace.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

362

[Jan.

B A N K CO M M ISSIO N ERS’ R E PO R T.

M ER R IM A C S A V IN G S B A N K — M ER R IM A C .

Incorporated 1871.
W

m

Present number of corporators, 39.

. H . H a s k e l l , President.
D a n i e l J. P o o r e , Treasurer.
0 . E. L i t t l e , Clerk o f the Corporation.

Names of committee charged with the investment of its funds:
W

m.

H . H a s k e l l ,"
A l b e r t Sa r g e n t ,
J o h n B. J u d k in s .

Open for business every business day, except Saturday, 8.30
Saturday, 8.30 a . m . to 12 m .

B a l a n c e Sh e e t , O c t o b e r

A ssets.

a .m .

to 12 m ., 1 30 to 3

p .m .

;

31, 1889.

L ia b il it ie s .

Public funds as per schedule, .
Loan on public funds,
Bank stock as per schedule,
Loans on bank stock,
Railroad bonds as per schedule,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
( n o te s ),....................................
Deposit in bank, on interest,
Deposit in bank, not on interest,

$20,000 00
150 00
7,800 00
6,200 00
31,400 00
235,057 00
119,347 27

Deposits, .
Guaranty fund,
Profit and loss ac­
count, .

$407,248 76
16,002 33
2,768 01

3,650 00
1,000 00
1,414 83
$426,019 10

$426,019 10

Cash on Deposit in Bank : —
First National Bank, Merrimac,

.

.

.

.

$2,414 83

Loan on Public Funds: —
On $400 City of Ellsworth, Me., bonds,

$150 00

Loans on Bank Stock, amount on each : —
On 20 shares First National Bank, Merrimac,
On 18 shares First National Bank, Merrimac,
On 10 shares First National Bank, Merrimac,
On 10 shares First National Bank, Merrimac,
On 4 shares Haverhill National Bank, Haverhill,


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Federal Reserve Bank of St. Louis

$2,000 00
1,800 00
1,000 00
1,000 00
400 00

1890.]

363

PU B L IC D O CU M EN T — No. 8.

Detailed Statement o f Public Funds.

Par Value.

Town of Marlborough, Mass., 4s,
City of Dayton, Ohio, 4s, .

Estimated
Market Value.

Amount Invested.

$8,000
12,000

$8,240 00
12,360 00

$8,000 00
12,000 00

$20,000

$20,600 00

$20,000 00

No. of

Shares.

Detailed Statement o f Bank Stocks.

70
8

Par Value.

First Nat’l Bank, Merrimac, .
Powow River National Bank,
Amesbury, .
.
.
.

Estimated
Market Value.

Amount Invested.

$7,000

$9,100 00

$7,000 00

800

1,120 00

800 00

$7,800

$10,220 00

$7,800 00

Detailed Statement o f Railroad Bonds.

Par Value.

West Amesbury Branch R.R. 7s,
Fitchburg R.R. 4s, .
Boston & Lowell R.R. 4s,

Estimated
Market Value.

Amount Invested.

$11,400
15,000
5,000

$12,540 00
14,400 00
5,200 00

$11,400 00
15,000 00
5,000 00

$31,400

$32,140 00

$31,400 00

Total Amount of Loans with Each Specified Rate o f Diterest, including
Deposits in Banks on Interest.

Amount.

$1,000 00
3,650 00
122,142 77

Rate.

34 per cent.
4
“
5
“

Amount.

$10,000 00
34,800 00

Kate.

Amount.

54 per cent.

$188,761 50
5,050 00

Rate.

6 per cent.
7

Number of loans which are of an amount not exceeding $3,000 each, . 177
Aggregate amount of the s a m e , ....................................................................... $169,220 44
Total number of loans upon real estate,......................................................170
20,000 00
Amount of investments from which no income is received, .
.
.
.


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Federal Reserve Bank of St. Louis

364

B A N K CO M M ISSIO N ERS’ R E P O R T .

[elan.

Gross amount of interest or profits received or earned, as per books, during
year ending Oct. 31, 1 8 8 9 , ...............................................................................
$21,556 64
Rate and amount of each semi-annual dividend during the | 2 per cent, J
7,647 80year ending Oct. 31, 1 8 8 9 , ..................................................... i 2 per cent., I
7,791 86
Times for the dividends fixed by the by-laws: third Wednesday in April
and October.
Number of accounts opened during the year ending Oct. 31, 1889,
. 180
Number of accounts closed during the year ending Oct. 31, 1889,
. 122
Total number of open accounts Oct. 31, 1889....................................
1,313
Expenses of the corporation for the year ending Oct. 31, 1889 (exclusive of
t a x e s ) ,..................................................................................................................
1,583 84
Amount of deposits, not including dividends, received during the year end­
ing Oct. 31, 1889....................................................................................................
53,809 68
Number of same........................................................................................... 837
Amount of withdrawals, including dividends, during the year ending Oct.
31,1889....................................." ............................................................................
62,996 66
Number of s a m e , ..................................................................................... 585
Date of examination by commissioner: October 1.

Classification o f Deposits received during the Year ending Oct. 3 1 ,1 8 8 9 .
Num­
ber.

O f $50 and less,
Exceeding $50, and not
more than $100, .
Exceeding $100, and not
more than $200, .
Exceeding $200, and not
more than $500, .
Exceeding $500, and less
than $1,000, .
O f $1,000 or more, .

Num­
ber.

Amount.

649

$10,624 31

94

7,939 35

39

6,315 18

32

11,282 31

21
2

14,683 03
2,965 50

837

$53,809 68

To the credit —
O f women, both adult
and minor,
O f guardians,
O f religious and chari­
table associations, .
In trust................................

Amount.

269
1

$22,376 24
70 00

10
5

302 06
1,403 51

C o m m o n w ea lth o r M assa ch u setts.
E ssex ,

ss .,

N ov . 19, 1889.

Personally appeared Daniel J. Poore, Treasurer of the Merrimac Savings Bank, and
made oath that the foregoing statement, by him subscribed, is a true and correct state­
ment of all the resources and liabilities of said institution, and that the answers made
by him to the foregoing interrogatories contain the whole truth in reference to the
matters to which they relate, according to his best knowledge and belief.
Before me,

T h o m a s H . H o y t , Justice o f the Peace.

E s s e x , ss ., N ov . 19, 1889.
Personally appeared Wm. H. Haskell, President, and Albert Sargent, Geo. G. Larkin,
J. B. Little, M. G. Clement, O. E. Little and D. J. Poore, trustees of said corporation, and
severally made oath that the annexed report is correct, according to their best knowl­
edge and belief.
Before me,
T h o m a s H. H o y t , Justice o f the Peace.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

1890.]

365

P U B L IC D O CU M EN T — No. 8

M E R R IM A C K R IV E R S A V IN G S B A N K — L O W E L L .

Incorporated 1871.

Present number of corporators, 26.

J. G. P e a b o d y , President.

N.

N. G. L a m so n , Treasurer.
G. L a m so n , Clerk o f the Corporation.

Names of committee charged with the investment of its funds :
J. G . P e a b o d y ,

Ch as. F. Y arnum ,

H . C. H o w e ,

C h as. E . A d am s,

F r a n c is J e w e t t ,

R . G. Ba r t l e t t .

Open for business Monday, Tuesday, Thursday and Friday, 9
Saturday, 9

a .m .

to 12

m .,

7 to 9

B a l a n c e Sh e e t , O ctober

to 12 m ., 2 to 4

p m.

;

31,1889.

L ia b il it ik

A ssets.

Bank stock as per schedule,
Loans on bank stock,
Railroad bonds as per schedule,
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Deposits in banks, on interest, .
Cash on hand, .
.
.
.

a m.

p .m .

$59,491
2,700
26,000
1,800
505,977
243,300
34,894
1,707

50
00
00
00
97
00
76
16

$875,871 39

Deposits, .
Guaranty fund,
Interest account,

$836,634 92
16,675 00
22,561 47

$875,871 39

Cash on Deposit in Banks, amount in each: —
Wamesit National Bank, Lowell,
Merchants’ National Bank, Lowell,

$29,894 76
5,000 00

Loans on Bank Stock, amount on each : —
On 13 shares Wamesit National Bank, Lowell,
On 20 shares Wamesit National Bank, Lowell,


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Federal Reserve Bank of St. Louis

$700 00
2,000 00

366

B A N K CO M M ISSIO N E R S’ R E P O R T .

[Jan

No. of
Shares.

Detailed Statement o f Bank Stocks.

40
10
25
50
20
23
20
9
34
20
40
9
3
5
64
15
45
10
100

I’ar Value.

Atlas National Bank, Boston,
Atlantic Nat’l Bank, Boston, .
Blackstone N’l Bank, Boston,
Boston Nat’l Bank, Boston, .
Eliot National Bank, Boston, .
Fourth Nat’l Bank, Boston, .
Globe Nat’l Bank, Boston,
Hamilton Nat’l Bank, Boston,
N’l Hide & Leather B’k,Boston,
Howard Nat’l Bank, Boston, .
Metropolitan N’l B’k, Boston,
North National Bank, Boston,
N ’l B’k of No. America, Boston,
Old Boston N’l Bank, Boston,
N ’l B’k of Redemption,Boston,
Suffolk Nat’l Bank, Boston, .
Tremont Nat’l Bank, Boston,
Nat’l Webster Bank, Boston,.
Wamesit Nat’l Bank, Lowell,

$4,000
1,000
2,500
5,000
2,000
2,300
2,000
900
3,400
2,000
4,000
900
300
500
6,400
1,500
4,500
1,000
10,000
$54,200

Estimated
Market Value.

$4,730
1,425
2,750
6,100
2,600
2,708
1,970
1,098
4,080
2,200
4,160
1,251
366
595
8,608
1,725
5,108
1,000
14,600

Amount Invested.

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

$67,074 0Q

$4,000
1,000
2,500
5,000
2,405
2,300
2,000
900
3,400
2,000
4,000
900
300
500
7,461
1,500
4,500
1,000
13,825

00
00
00
00
00
00
00
00
00
00
00
00
00
00
50
00
00
00
00

$59,491 50

Detailed Statement o f Railroad Bonds.

Par Value.

Lowell & Andover R.R. 6s,
Nashua & Lowell R.R. 6s,
Fitchburg R.R. 4^s, .
.
.

.

Estimated
Market Value.

Amount Invested.

$10,000
1,000
15,000

$10,800 00
1,070 00
15,000 00

$10,000 00
1,000 00
15,000 00

$26,000

$26,870 00

$26,000 00

Total Amount of Loans with Each Specified Rate o f Interest, including
Deposits in Banks on Interest.

Kate.

Amount.

Kate.

2 per cent.
4
“

$294,382 97
20,000 00
56,715 00

5 per cent.

Amount.

$34,894
60,000
30,000
91,500

76
00
00
00

H
4è


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

“
“

H
5è

“
“

Amount.

$7,500 00
184,840 00
7,040 00

Kate.

5| per cent.
6

7

»

1890.]

P U B L IC DO CU M EN T — No. 8.

367

Value, by books, of real estate, held by foreclosure or otherwise, .
.
Assessed value of the s a m e ,.................................................................................
Net income received from same during year ending Oct. 31, 1889, .
.
Number of loans which are of an amount not exceeding $3,000 each, 144
Aggregate amount of the s a m e , ..................................................... ........
.
Total amount of loans upon real e s t a t e , ............................................ 196
Gross amount of interest or profits received or earned, as per books, dur­
ing year ending Oct. 31, 1 8 8 9 , .......................................................................
Rate and amount of each semi-annual dividend during the 1 2 per cent., f
year ending Oct. 31, 1 8 8 9 , ..................................................... I 2 per cent., I
Times for the dividends fixed by the by-laws : first Saturday in May and
November.
Number of accounts opened during the year ending Oct. 31, 1889,
. 374
Number of accounts closed during the year ending Oct. 31, 1889,
. 219
Total number of open accounts Oct. 31, 1889,
.
.
.
.
1,747
Expenses of the corporation for the year ending Oct. 31, 1889 (exclusive
of t a x e s ) , ..........................................................................................................
Amount of deposits, not including dividends, received during the year end­
ing Oct. 31, 1889.....................................................................................................
Number of same............................................................................................... 1,753
Amount of withdrawals, including dividends, during the year ending Oct.
31, 1 8 8 9 , ..........................................................................................................
Number of same........................................................................................... 891
Date of examination by commissioner: July 22.

$1,800 00
2,200 00
147 88
231,515 00

39,140 01
14,065 53
14,877 82

1,596 76
185,017 39

120,623 22

Glassification o f Deposits received during the Year ending Oct. 3 1 ,1 8 8 9 .
Num­
ber.
O f $50 and less,
Exceeding $50, and
more than $100, .
Exceeding $100, and
more than $200, .
Exceeding $200, and
more than $500, .
Exceeding $500, and
than $1,000, .
O f $1,000 or more, .

1,155

$24,982 62

265

21,687 55

125

20,316 92

127

46,458 22

34
47

24,572 08
47,000 00

1,753

$185,017 39

ber.
To the credit —
O f women, both adult
and minor,
O f guardians,
Of religious and charitable associations, .
In trust, .
.
.
.

not
not
not

Amount.

609
9

$74,670 57
4,003 84

33
284

7,891 14
27,824 22

less

Co m m o n w e a l t h
M id d l e s e x ,

Num­

Amount.

ss .

oe

M a ssa ch u setts.
L o w e l l , N o v . 13, 1889.

Personally appeared N. G. Lamson, Treasurer of the Merrimack River Savings
Bank, and made oath that the foregoing statement, by him subscribed, is a true and cor­
rect statement of all the resources and liabilities of said institution, and that the answers
made by him to the foregoing interrogatories contain the whole truth in reference to the
matters to which they relate, according to his best knowledge and belief.
Before me,
G . W i n f ie l d K n o w l t o n , Justice o f the Peace.
M id d l e s e x ,

ss

.

L o w e l l , N o v . 16, 1889.

Personally appeared J. G. Peabody, President, and W . A. Ingham, Alfred Barney,
A . D. Puffer, Francis Jewett and H. C. Howe, trustees of said corporation, and severally
made oath that the annexed report is correct, according to their best knowledge and
belief.
Before me,
G. W i n f ie l d K n o w l t o n , Justice o f the Peace.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

368

B A N K CO M M ISSIO N ERS’ R E P O R T .

[Jan.

M ID D LEB O R O U G H S A V IN G S B A N K — M ID D LE B O R O U G H .

Incorporated March 15, 1873.

Present number of corporators, 35.
A ndrew M. W

E v e r e t t R o b in s o n , President.
A ndrew M. W

ood ,

o od ,

Treasurer.

Clerk o f the Corporation.

Names of committee charged with the investment of its funds :
E v e r e t t R o b in so n ,

G eorge B r a t t o n ,

Jam es H . H a r l o w ,

G eorge E . D oane.

Open for business every business day, 9

a .m .

to 12

m

., 2 to 4 p .m . ; and Saturday,

7 to 8 p . m .

B a l a n c e Sh e e t , O c to b er

L ia b il it ie s .

A ssets.

Public funds as per schedule, .
Bank stock as per schedule,
Railroad bonds as per schedule,
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
( n o t e s ) ,...................................
Loans on depositors’ books,
Deposits in banks, on interest, .
Deposits in banks, not on interest,
Cash on hand................................

31, 1889.

$6,000
12,300
22,000
5,896
391,403
82,765

00
00
00
20
98
82

79,730
200
63,862
828
2,757

00
00
57
30
86

$667,744 73

Deposits, .
Guaranty fund,
Interest account,

$644,058 99
14,432 00
9,253 74

$667,744 73

Cash on Deposit in Banks, amount in each : —
Plymouth National Bank, Plymouth, .
Home National Bank, Brockton, .
First National Bank, Merrimac,
National Bank of the Commonwealth, Boston,
Maverick National Bank, Boston, .
Middleborough National Bank, Middleborough,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$10,000
5,000
20,000
4,273
14,589
10,828

00
00
00
32
25
30

369

P U B L IC D O CU M EN T — No. 8.

1890.]

Detailed Statement o f Public Funds.

Par Value.

$6,000

City of Boston, Mass., 4s,

Estimated
Market Value.

$6,360 00

Amount Invested.

$6,000 00

No. of
Shares.

Detailed Statement o f Bank Stocks.

50
22
21
30

Par Value.

Nat’l Webster Bank, Boston, .
Tremont N atl Bank, Boston,
Suffolk Nati Bank, Boston, .
N1 Bank of Commerce, New
Bedford,
.
.
.
.

Estimated
Market Value.

Amount Invested.

$5,000
2,200
2,100

$5,000 00
2,552 00
2,415 00

$5,000 00
2,200 00
2,100 00

3,000

2,940 00

3,000 00

$12,300

$12,907 00

$12,300 00

Detailed Statement o f Railroad Bonds.

Par Value.

Old Colony R.R. 6s,
.
Old Colony R.R. 7s,
.
Boston & Lowell R.R. 4s,
Fitchburg R.R. 5s, .

.
.

$6,000
1,000
10,000
5,000

.
.

$22,000

Estimated
Market Value.

$6,840
1,140
10,500
5,300

00
00
00
00

$23,780 00

Amount Invested.

$6,000
1,000
10,000
5,000

00
00
00
00

$22,000 00

Total Amount o f Loans with Each Specified Rate o f Interest, including
Deposits in Banks on Interest.

Rate.

Amount.

$4,273
24,589
25.000
10.000

32
25
00
00

2 per cent.
2h
“
3
“
3h
“


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Amount.

$30,000
5,000
21,555
18,675

00
00
00
00

Rate.

3| per cent.
4
4i
“
4*
“

Amount.

$43,646
5,400
427,123
2,700

10
00
70
00

Rate.

5 per cent.
5è
“
6
6è
“

370

B A N K C O M M IS S IO N E D ’ R E P O R T .

Value, by books, of real estate, held by foreclosure or otherwise,
Assessed value of the s a m e ,.................................................................................
Net income received from same during year ending Oct. 31, 1889,
Number of loans which are of an amount not exceeding $3,000 each,. 502
Aggregate amount of the same...............................................................................
Total number of loans upon real estate,..................................................... 403
Amount of investments from which no income is received, .
.
.
.
Gross amount of interest or profits received or earned, as per books, during
year ending Oct. 31, 1 8 8 9 ,.................................................................................
Rate and amount of each semi-annual dividend during the 1 2 per cent., f
year ending Oct. 31, 1 8 8 9 , .....................................................J 2 per cent., i
Times for the dividends fixed by the by-laws : first Monday in April and
October.
Number of accounts opened during the year ending Oct. 31, 1889,
. 306
Number of accounts closed during the year ending Oct. 31, 1889,
. 217
Total number of open accounts Oct. 31, 1889,
.
.
.
.
2,256
Expenses of the corporation for the year ending Oct. 31, 1889 (exclusive
of taxes)...................................................................................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 8 8 9 , ........................................................................................
Number of s a m e , ................................................................................ 1,552
Amount of withdrawals, including dividends, during the year ending Oct.
31, 1 8 8 9 , ..........................................................................................................
Number of s a m e , ................................................................................1,217
Rate of examination by commissioner: June 24.

[Jan.
$5,896 20
5,560 00
142 56
373,873 70
1,050 00
30,476 35
11,880 36
12,159 69

1,761 25
119,447 26

112,488 05

Classification o f Deposits received during the Year ending Oct. 3 1 ,1 8 8 9 .
Num­
ber.
O f $50 and less,
Exceeding $50, and
more than $100, .
Exceeding $100, and
more than $200, .
Exceeding $200, and
more than $500, .
Exceeding $500, and
than $1,000, .
O f $1,000 or more, .

Num­

Amount.

ber.

1,122

$23,705 82

205

17,405 62

104

16,409 34

87

32,079 70

13
21

8,846 78
21,000 00

1,552

$119,447 26

not
not
not
less

Co m m on w ealth

of

To the credit —
Of women, both adult
and minor,
Of guardians,
Of religious and chari­
table associations, .
In trust, .
.
.
.

Amount.

586
6

$45,658 71
605 37

57
125

3,671 36
9,095 63

M a s sa c h u s e t t s .
P lym outh,

ss .,

N o v . 4, 1889.

Personally appeared Andrew M. Wood, Treasurer of the Middleborough Savings
Bank, and made oath that the foregoing statement, by him subscribed, is a true and
correct statement of all the resources and liabilities of said institution, and that the
answers made by him to the foregoing interrogatories contain the whole truth in refer­
ence to the matters to which they relate, according to his best knowledge and belief.
Before me,

C h a r l e s T. T h a t c h e r , Justice o f the Peace.
P lym outh,

ss .,

N ov . 4, 1889.

Personally appeared Everett Robinson, President, and Geo. E. Doane, Calvin D.
Kingman, George Brayton, Matthew H. Cushing and John Shaw, trustees of said corpora­
tion, and severally made oath that the annexed report is correct, according to their best
knowledge and belief. Before me,
C h a r l e s T. T h a t c h e r , Justice o f the Peace.


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Federal Reserve Bank of St. Louis

1890.]

371

PU B L IC D O CU M EN T — No. 8.

M ID D L E S E X IN S T IT U T IO N FOR S A V IN G S — CONCORD.

Incorporated March 4, 1835.

Present number of corporators, 21.

G e o r g e M . B r o o k s , President.
H e n r y J. W

G e o r g e I I e y w o o d , Treasurer.
alcott,

Clerk o f the Corporation.

Names of committee charged with the investment of its funds :
G eo rg e M . B rooks,

J o h n S. K e y e s ,

Sa m u e l H o a r ,

L o r e n zo E a t o n .

Open for business every business day, 9

B alance

Sh e e t , O ctober

to 2 p . m .

31, 1889.

L ia b il it ie s .

A ssets.

Bank stock as per schedule,
Loan on hank stock, .
Railroad bonds as per schedule,
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
(notes), .
.
.
. '
.
Deposits in banks, on interest, .
Deposits in banks,not on interest,
Expense account,

a .m .

$274,800
900
87,000
2,500
344,950
402,300
66,900
7,661
2,347
939

00
00
00
00
00
00*

Deposits, .
Guaranty fund,
Interest account,
Profit and loss ac­
count, .

$1,104,029 87
38,000 00
36,168 15
12,099 83

00
82
03
00

$1,190,297 85

$1,190,297 85

* This amount has since been reduced within the legal limit.

Cash on Deposit in Banks, amount in each : —
Lincoln National Bank, B o s t o n ,...............................................................
.
Suffolk National Bank, Boston..............................................................................
Concord National Bank, Concord,........................................................................
Loan on Bank Stock : —
On 10 shares Miller’s River National Bank, Athol,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$2,031 22
5,630 60
2,347 03

372

B A N K CO M M ISSIO N ERS’ R E PO R T.

[Jan.

No. of

Shares.

Detailed Statement o f Bank Stocks.

106
133
50
100
67
113
27
150
167
100
28
21
72
200
50
56
150
100
6
225
45
100
100
138
15
50
100
150
100
15
5
9

Par Value.

f i o ,600
13,300
5,000
10,000
6,700
11,300
2,700
15,000
16,700
10,000
2,800
2,100
7,200
20,000
5,000
5,600
15,000
10,000
600
22,500
4,500
10,000
10,000
13,800
1,500
5,000
10,000
15,000
10,000
1,500

Blackstone N’l Bank, Boston,
Boston Nat’l Bank, Boston, .
Central Nat’l Bank, Boston, .
National City Bank, Boston, .
Columbian N’l Bank, Boston,
N’lB ’k of Commerce, Boston,
Continental N’l Bank, Boston,
National Eagle Bank, Boston,
Eliot National Bank, Boston,
Faneuil Hall N’l B’k, Boston,
First National Bank, Boston,
Hamilton Nat’l Bank, Boston,
N’l Hide & Leather B’k, Boston,
Howard Nat’l Bank, Boston,
Lincoln Nat’l Bank, Boston,
Market Nat’l Bank, Boston, .
Merchants’ N’l Bank, Boston,
N’l B’k of No. America, Boston,
Old Boston N’l Bank, Boston,
Nat’l Revere Bank, Boston, .
Second Nat’l Bank, Boston, .
Shawmut Nat’l Bank, Boston.
Shoe & Leather N’ i B’k, Boston,
State National Bank, Boston,
Third National Bank, Boston,
Traders’ Nat’l Bank, Boston,
Tremont Nat’l Bank, Boston,
Nat’l Webster Bank, Boston,
Concord Nat’l Bank, Concord,
First N’l Bank, Marlborough,
Framingham National Bank,
Framingham,
Old Lowell N’l Bank, Lowell,

Estimated
Market Value.

f 11,872
16,226
6,750
9,500
8,107
14,464
3,294
15,450
21,877
14,400
6,776
2,646
8,640
22,000
5,700
5,600
21,600
12,200
714
27,900
7,875
13,000
9,400
16,698
1,560
4,750
11,300
15,000
14,000
1,500

Amount Invested.

$10,600 00
00
13,300 00
00
5,000 00
00
10,000 00
00
6,700 00
00
11,300 00
00
2,700 00
00
15,000 00
00
16,700 00
00
10,000 00
00
2,800 00
00
2,100 00
00
7,200 00
00
20,000 00
00
5,000 00
00
5,600 00
00
15,000 00
00
10.000 00
00
600 00
00
22,500 00
00
4,500 00
00
10,000 00
00
10,000 00
00
13,800 00
00
1,500 00
00
5,000 00
00
10,000 00
00
15,000 00
00
00 . 10,000 00
1,500 00
00

750 00
1,125 00

500 00
900 00

f274,800 $332,674 00

$274,800 00

500
900

Detailed Statement o f Railroad Bonds.

Par Value.

Fitchburg R.R. 4|s,
Fitchburg R.R. 5s, .
Eastern R.R. 6s,
.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

.

X

. . .

Estimated
Market Value.

$20,000
25.000
42.000

$20,800 00
27,000 00
52,500 00

$20,000 00
25.000 00
42.000 00*

$87,000

$100,300 00

$87,000 00

—

*A

Amount Invested.

legal investment when made.

373

PU B L IC D O C U M E N T — No. 8.

1890.]

Total Amount o f Loans with Each Specified Rate o f Interest, including
Deposits in Banks on Interest.

$5,630
2,031
32,900
25,000

60
22
00
00

Amount.

Eate.

Amount.

$95,000
55,000
254,200
22,500

2 per cent.
H
“
4
“

41

“

00
00
00
00

Kate.

4J per cent.
4|
“
5
“
5|

Rate.

Amount.

$32,800
283,900
12,300
1,450

5£ per cent.
6
“
6h
“
7

00
00
00
00

$2,500 00
Value, by books, of real estate, held by foreclosure or otherwise,
2,800 00
Assessed value of the s a m e ,.................................................................................
Number of loans which are of an amount not exceeding $3,000 each, 131
185',650 00
Aggregate amount of the s a m e , .......................................................................
Total number of loans upon real e s t a t e , ............................................. 138
2,500 00
Amount of investments from which no income is received..............................
Gross amount of interest or profits received or earned, as per books, during
68,169 11
year ending Oct. 31, 1889.....................................................................................
Rate and amount of each semi-annual dividend during the ) 2 per cent., f 20,389 51
20,759 14
year ending Oct. 31, 1 8 8 9 ,......................................................>2 per centTimes for the dividends fixed by the by-laws : first Tuesday in June and
December.
Number of accounts opened during the year ending Oct. 31, 1889,
. 357
Number of accounts closed during the year ending Oct. 31, 1889,
. 275
Total number of open accounts Oct. 31, 1889....................................
3,513
Expenses of the corporation for the year ending Oct. 31,1889 (exclusive of
3,261 70
ta xe s),.....................................................................................................................
Amount of deposits, not including dividends, received during the year end­
154,473 71
ing Oct. 31, 1 8 8 9 , ..........................................................................................
Number of s a m e ,.................................................................................1,988
Amount of withdrawals, including dividends, during the year ending Oct.
166,222 46
31, 1889....................................................................................................................
Number of s a m e , .................................................................................1,692
Date of examination by commissioner: August 6.

1

Glassification o f Deposits received during the Year ending Oct. 31, 1 889.
Num­
ber.
O f $50 and less,
Exceeding $50, and
more than $100, .
Exceeding $100, and
more than $200, .
Exceeding $200, and
more than $500, .
Exceeding $500, and
than $1,000, .
O f $1,000 or more, .


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Num­

Amount.

1,329

$28,749 62

352

29,859 91

not
not
148

22,644 83

118

41,523 81

29
12

19,525 54
12,170 00

1,988

$154,473 71

not
less

ber.
To the credit —
O f women, both adult
and minor,
O f guardians,
Of religious and char­
itable associations, .
In trust, .
.
.
.

Amount.

972
8

$72,224 62
1,471 40

16
123

1,048 47
17,428 69

374

B A N K COM M ISSIO N ERS’ R E P O R T .

Co m m o n w ea lth

of

[Jan.

M assach u setts.
M id d l e s e x ,

ss .,

N ov . 25, 1889.

Personally appeared George Hey wood, Treasurer of the Middlesex Institution for
Savings, and made oath that the foregoing statement, by him subscribed, is a true and
correct statement of all the resources and liabilities of said institution, and that the an­
swers made by him to the foregoing interrogatories contain the whole truth in reference
to the matters to which they relate, according to his best knowledge and belief.
Before me,

C h a r l e s E . B r o w n , Justice o f the Peace.

M id d l e s e x ,

ss .,

N ov . 25, 1889.

Personally appeared George M. Brooks, President, and Samuel Staples, Henry J.
Hosmer, Lorenzo Eaton, Edward C. Damon and Nathan B. Stow, trustees of said cor­
poration, and severally made oath that the annexed report is correct, according to their
best knowledge and belief.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Before me,

C h a r l e s E. B r o w n , Justice o f the Peace.

1890.]

375

P U B L IC DO CU M EN T — No. 8

M ILFOR D S A V IN G S B A N K — M ILFO R D .

Incorporated April 24, 1851.

Present number of corporators, 37.

J o h n P. D a n ie l s , President.
,
J a m e s E. W
J a m e s E. W a l k e r , Clerk o f the Corporation.

alker,

Treasurer.

Names of committee charged with the investment of its funds:
C h a s . F. C l a f l i n ,

A. A. T a f t ,

Joh n P . D a n ie l s .

Open for business every business day, except Saturday, 9
p . m . ; Saturday, 9 a .m . to 12 m .

B a l a n c e S h e e t , O ctober

A ssets.

Public funds as per schedule, .
Bank stock as per schedule,
Loans on bank stock,
Railroad bonds as per schedule,
Real estate (for banking pur­
poses),
....................................
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security.
Loans to counties, cities or towns
(notes)........................................
Deposits in banks, on interest, .
Deposits in banks, not on interest,

a .m .

to 12

m .,

1.30 to 3.30

31,1889.

L ia b il it ie s .

$153,500
169,878
8,230
99.000

00
99
00
00

25.000
300
390,581
437,150

00
00
43
00

Deposits, .
Guaranty fund,
Profit and loss ac­
count, .

$1,327,401 51
29,781 85
11,389 23

20,500 00
54,136 86
10,295 31
$1,368,572 59

$1,368,572 59

Cash on Deposit in Banks, amount in each: —
Milford National Bank, M ilf o r d ,........................................................................$38,295 31
Manufacturers’ National Bank, B o s t o n , ......................................................
139 16
•National Bank of Redemption, Boston,...............................................................
25,997 70
Loans on Bank Stock, amount on each: —
On 15 shares Home National Bank, M i l f o r d , .................................................... $1,200
On 10 shares Home National Bank, M i l f o r d , .............................................
1,000
On 2 shares Milford National Bank, M i l f o r d , .............................................
180
On 100 shares Milford National Bank, M i l f o r d ,............................................
5,000
On 5 shares Milford National Bank, M i l f o r d , .............................................
500
On 4 shares Milford National Bank, M i l f o r d , .............................................
350


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

00
00
00
00
00
00

376

B A N K C O M M ISSIO N E R S’ R E P O R T .

[Jan

Detailed Statement o f Publie Funds.

Par Value.

City of Cleveland, Ohio, 4s, .
of Dayton, Ohio, 4s,
Town of Framingham, Mass., 4s, .
of Maynard, Mass., 4s, .
of Milford, Mass., 6s, .
of Milford, Mass., 5s, .
City of Portland, Me , 6s,
of Providence, R. I., 5s, .
United States 4s,
Town of Weymouth, Mass., 4s,

$14,000
15.000
20.000
20,000
10,000
36.000
2,000
10.000
16,500
10,000
$153,500

*A

Estimated
Market Value.

$14,530
15,900
21,500
21,800
11,650
38,160
2,520
12,150
20,955
10,950

00
00
00
00
00
00
00
00
00
00

$170,115 00

Amount Invested.

$14,000
15.000
20.000
20,000
10,000
36.000
2,000
10.000
16,500
10,000

00
00
00
00
00
00
00*
00
00
00

$153,500 00

legal investment when made.

No. of

Shares.

Detailed Statement o f Bank Stocks.

50
10
23
7
150
25
48
40
5
25
100
110
30
47
7
100
2
40
42
78
100
27
75
258

Par Value.

$5,000
Atlas National Bank, Boston, .
1,000
Atlantic Nat’l Bank, Boston, .
2,300
Blackstone N’l Bank, Boston,
700
Boylston Nat’l Bank, Boston,
15,000
Central Nat’l Bank, Boston, .
2,500
Continental N’l Bank, Boston,
4,800
Eliot National Bank, Boston,.
4,000
Freeman’s Niit’l Bank, Boston,
500
Nat’l Eagle Bank, Boston,
2,500
Nat’l Exchange Bank, Boston, .
10,000
N’l Hide & Leather B’k,Boston,
11,000
N’l B’k of Redemption, Boston,
3,000
Nat’l Revere Bank, Boston, .
4,700
Nat’l Union Bank, Boston,
700
Nat’l Webster Bank, Boston,
' 10,000
Shawmut Nat’l Bank, Boston,
200
Shoe & Leather N’l B’k, Boston,
4,000
Washington N’l Bank, Boston,
4,200
Howard Nat’l Bank, Boston, .
7,800
North National Bank, Boston,
10,000
Home Nat’l Bank, Brockton,.
2,700
Ilopkinton N’l B’k, Ilopkinton,
7,500
Home Nat’l Bank, Milford, .
25,800
Milford Nat’l Bank, Milford,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$139,900

Estimated
Market Value.

$5,912
1,422
2,593
966
20,287
3,062
6,312
4,150
515
3,187
12,000
14,795
3,720
6,721
700
13,000
188
5,020
4,620
10,842
13,000
2,700
10,125
36,120

50
50
25
00
50
50
00
00
00
50
00
00
00
00
00
00
50
00
00
00
00
00
00
00

Amount Invested.

$6,500
1,530
2,300
1,070
22,000
2,955
5,682
5,360
588
3,581
10,659
15,655
3,000
7,496
700
12,057
274
5,505
4,496
10,766
10,000
2,700
7,500
27,500

00
00
00
12
00
25
99
00
75
25
50
00
00
50
00
50
50
00
00
63
00
00
00
00

$181,960 25 $169,878 99

377

P U B L IC D O CU M EN T — No. 8.

1890.]

Detailed Statement o f Railroad Bonds.

Par Value.

Boston & Albany R.R. 6s,
Boston & Albany R R. 7s,
Boston & Maine R .R. 7 s ,.
Boston & Maine R.R. 4 s ,.
Fitchburg R.R. 5s, .
Fitchburg R.R. 4s, .
Old Colony R.R. 7s,.
Old Colony R.R. 6s,.
Portland & Ogdensburg R.R. 6s,'

.

$7,000
3,C00
12,000
10,000
15.000
15.000
20,600
2,000
15.000

Estimated

Amount Invested.

Market Value.

$7,945
3,270
13,470
10,800
16,500
14,625
22,800
2,330
18,000

00
00
00
00
00
00
00
00
00

$99,000 $109,740 00

$7,000
3.000
12,000
10,000
15.000
15.000
20.000
2.000
15,000

00
00
00
00
00
00
00
00
00

$99,000 00

Total Amount o f Loans with Each Specified Rate of Interest, including
Deposits in Banks on Interest.

Amount.

$139
53,997
50.000
25.000
25.000

Kate.

16
70
00
00
00

24 per cent.

3
4
H

“
“

4f

“

Kate.

Amount.

$209,800
118,000
273,597
40,150

00
00
00
00

44 per cent.

4|
5
54

“
“
“

Kate.

Amount.

$102,022
3,987
8,655
250

43
00
00
00

6 per cent.
64
“
7
“
8
“

Amount invested in real estate for banking purposes, .
.
.
.
.
$25,000 00
Estimated value of the s a m e ,................................................................................
25,000 00
23,000 00
Assessed value of the s a m e , ...............................................................................
Net income received from same during year ending Oct. 31, 1889,
.
.
1,105 25
Value, by books, of other real estate, held by foreclosure or otherwise,
.
300 00
Assessed value of the s a m e ,.................................................................................
000 00
Number of loans which are of an amount not exceeding $3,000 each, 270
Aggregate amount of the s a m e , ........................................................................
273,561 43
Total number of loans upon real estate,..................................................... 279
Amount of investments from which no income is received, .
.
.
.
300 00
Gross amount of interest or profits received or earned, as per books, during
year ending Oct. 31, 1 8 8 9 , ................................................................................
66,767 13
Rate and amount of each semi-annual dividend during the 1 2 per cent., (
23,609 31
year ending Oct. 31, 1889, .
.
.
.
.
.
. 1 2 per cent., 1 24,566 33
Times for the dividends fixed by the by-laws: second Saturday in April
and October.
Number of accounts opened during the year ending Oct. 31, 1889,
. 739
Number of accounts closed during the year ending Oct. 31, 1889,
. 477
.
.
.
.
4,435
Total number of open accounts Oct. 31, 1889,


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Federal Reserve Bank of St. Louis

378

B A N K CO M M ISSIO N ERS’ R E P O R T .

Expenses of the corporation for the year ending Oct. 31, 1889 (exclusive
of t a x e s ) , ..........................................................................................................
Amount of deposits, not including dividends, received during the year end­
ing Oct. 31, 1 8 8 9 ,..................................................................................................
Number of s a m e , ................................................................................ 4,194
Amount of withdrawals, including dividends, during the year ending Oct.
31, 1 8 8 9 , ............................................................................................................
Number of same.......................................................................................2,863
Date of examination by commissioner : January 10.

[Jan

$3,225 32
296,035 86

237,447 48

Classification o f Deposits received during the Year ending Oct. 3 1 ,1 8 8 9 .
Num­
ber.
O f $50 and less,
Exceeding $50, and
more than $100, .
Exceeding $100, and
more than $200, .
Exceeding $200, and
more than $500, .
Exceeding $500, and
than $1,000, .
O f $1,000 or more, .

Num­

Amount.

2,959

$61,884 81

656

55,647 80

303

47,926 68

203

71,286 50

47
26

33,290 07
26,000 00

4,194

$296,035 86

ber.
To the credit —
O f women, both adult
and minor,
. O f guardians,
O f religious and char­
itable associations, .
In trust................................

not
not
not

Amount.

1,953
9

$142,416 64
1,205 00

79
93

3,604 41
11,544 56

less

Com m onw ealth

of

M assach u setts.
W

o r c e s t e r , ss .,

N ov . 11, 1889.

Personally appeared James E. Walker, Treasurer of the Milford Savings Bank,
and made oath that the foregoing statement, by him subscribed, is a true and
correct statement of all the resources and liabilities of said institution, and that the
answers made by him to the foregoing interrogatories contain the whole truth in refer­
ence to the matters to which they relate, according to his best knowledge and belief.
Before me,

L e w is H a y d e n , Justice o f the Peace.

W

o r c e s t e r , ss .,

N ov . 11, 1889.

Personally appeared John P. Daniels, President, and C. F. Claflin, Andrew J. Sum­
ner, Augustus Wheeler, Amariah A. Taft and Jesse A. Taft, trustees of said corpora­
tion, and severally made oath that the annexed report is correct, according to their best
knowledge and belief.
Before me,
L e w is H a y d e n , Justice o f the Peace.


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Federal Reserve Bank of St. Louis

1890.]

379

P U B L IC D O CU M EN T — No.

M IL L B U R Y S A V IN G S B A N K — M IL L B U R Y .

Incorporated 1854.
L evi L. W

h it n e y ,

Present number of corporators, 50.

President.

D a v id A tw o o d , Treasurer.
A mos A n ms b y , Clerk o f the Corporation.

Names of committee charged with the investment of its funds :
L e v i L . W h it n e y ,
I r a N. G o d d a r d ,
C h a s . D. M o r s e ,

R oyal T h a y e b ,
J o h n G e g e n h e im e r ,
D a v id T. M a r c h .

Open for business every business day, except Saturday, 9
9 a . m . to 12 M.

B a l a n c e Sh e e t , O c to ber

to 3

p . m .;

Saturday,

31, 1889.

L ia b il it ie s .

A ssets.

Public funds as per schedule, .
Bank stock as per schedule,
Loans on bank stock,
Railroad bonds as per schedule,
Real estate (for banking purp o s e s ) , ....................................
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
(n o te s ),....................................
Loans on depositors’ books,
Deposit in bank, on interest,
Expense account,
Premium account,
Insurance account,
Suspense account,
,
Cash on hand, .
.
.
.

a .m .

$51,000
141,300
12,000
91,000

00
00
00
00

18,000
7,481
205,670
134,976

00
95
00
25

73,900
200
35,966
435
7,000
561
430
629

00
00
57
38
00
66
90
95

$738,559 56
19,300 00
19,818 10

Deposits, .
Guaranty fund,
Interest account,
Profit and loss account, .

2,875 00

$780,552 66

$780,552 66

Cash on Deposit in Bank : —
Millbury National Bank, Millbury,

.

$35,966 57

Loans on Bank Stock, amount on each: —
On 25 shares Millbury National Bank, Millbury, .
On 60 shares Spencer National Bank, Spencer,
On 25 shares Leicester National Bank, Leicester,.
On 20 shares Lincoln National Bank, Boston,
On 4 shares City National Bank, Worcester,


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Federal Reserve Bank of St. Louis

$2,000 00

j- 10,000 00

•J

380

B A N K CO M M ISSIO N ERS’ R E P O R T

[Jan

Detailed Statement o f Public Funds.

Par Value.

City of Lawrence, Mass., 6s, .
Town of Westborough, Mass., 5s, .
of Hopkinton, Mass., 4s,
of Clinton, Mass., 4s,
City of Columbus, Ohio, 4s, .
Town of Spencer, Mass., 4s, .
City of South Norwalk, Conn., 6s, .

$3,000
3.000
6.000
4,000
10,000
15.000
10.000
$51,000

Estimated
Market Value.

$3,375
3,600
6,240
4,080
10,500
15,300
11,250

00
00
00
00
00
00
00

$54,345 00

Amount Invested.

$3,000
3.000
6.000
4,000
10,000
15.000
10.000

00
00
00
00
00
00
00

$51,000 00

No. of

Shares.

j

Detailed Statement o f Bank Stocks.

50
63
49
20
100
50
42
25
25
25
23
57
15
100
12
50
40
' 3
35
25
74
20
50
34
58
36
27
5
50
9

Par Value.

Atlas National Bank, Boston,
Blackstone N’l Bank, Boston,
Boston Nat’l Bank, Boston, .
Continental N’l Bank, Boston,
Eliot National Bank, Boston,.
First Ward N’l Bank, Boston,
Globe National Bank, Boston,
Hamilton Nat’l Bank, Boston,
Manufacturers’ N’l B’k,Boston,
Merchandise N’l B’k, Boston,
Merchants’ N’l Bank, Boston,
N’l B’k of Commerce, Boston,
N’l B’k of No. America, Boston,
N’l B’k of the Commonwealth,
Boston,
. . . .
National Eagle Bank, Boston,
N’l Hide-& Leather B’k, Boston,
North National Bank, Boston,
Old Boston N’l Bank, Boston,
Second Nat’l Bank, Boston, .
Shawmut Nat’l Bank, Boston,
Shoe &Leather N’l B’k, Boston,
Suffolk Nat’l Bank, Boston, .
State National Bank, Boston,
Third National Bank, Boston,
Traders’ Nat’l Bank, Boston,
Central N’l Bank, Worcester,
City Nat’l Bank, Worcester, .
Citizens’ N’l Bank, Worcester,
Quinsigamond Nat’l Bank,
Worcester, . . . .
Worcester N’l B’k, Worcester,


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Federal Reserve Bank of St. Louis

Estimated
Market Value.

Amount Invested.

$5,000
6,300
4,900
2,000
10,000
5,000
4,200
2,500
2,500
2,500
2,300
5,700
1,500

$6,000
7,056
5,978
2,440
13,100
6,600
4,116
3,150
2,600
1,900
3,266
7,296
1,815

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

$5,000
6,300
4,900
2,000
10,000
5,000
4,200
2,500
2,500
2,500
2,300
5,700
1,500

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

10,000
1,200
5,000
4,000
300
3,500
2,500
7,400
2,000
5,000
3,400
5,800
3,600
2,700
500

16,900
1,236
6,000
5,560
354
6,125
3,250
6,956
2,300
6,050
3,553
5,800
5,220
3,834
625

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

10,000
1,200
5,000
4,000
300
3,500
2,500
7,400
2,000
5,000
3,400
5,800
3,600
2,700
500

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

5,000
900

6,100 00
1,332 00

5,000 00
900 00

1890.]

381

P U B L IC DOCU M ENT — No. 8.

No. of
Shares.

Detailed Statement o f Bank Stocks— Concluded.

Par Value.

40 First National Bank, Grafton,
25 Oxford Nat’l Bank, Oxford, .
3 Leicester N’l Bank, Leicester,
168 Millbury N’l Bank, Millbury,
5 Second N’l B’k, Norwich, Ct.,

$4,000
2,500
300
16,800
500

Estimated
Market Value.

$5,000
2,875
390
19,824
625

Amount Invested.

00
00
00
00
00

$4,000
2,500
300
16,800
500

00
00
00
00
00

$141,300 $175,226 00 $141,300 00

Detailed Statement o f Railroad Bonds.

Par Value.

Providence & Worcester R.R. 6s, .
Vermont & Massachusetts R.R. 5s,.
Nashua & Rochester R.R. 5s, .
Boston & Lowell R.R. 7s,
Boston & Albany R.R. 6s,
Conn. & Passumpsic Rivers R.R. 7s,
Boston & Maine R.R. 7s, .
Boston & Albany R.R. 7s,
Fitchburg R.R. 4|s, . . . .
Boston, Barre & Gardner R.R. 5s, .

Estimated
Market Value.

Amount Invested.

$20,000
10,000
4,000
10,000
« 6,000
12,000
5,000
10,000
10,000
4,000

$23,000
11,100
4,180
10,700
6,690
13,200
5,450
10,750
10,050
4,120

00
00
00
00
00
00
00
00
00
00

$20,000 00
10,000 00
4,000 00
10,000 00
6,000 00
12,000 00
5,000 00
10,000 00
10,000 00
4,000 00

$91,000

$99,240 00

$91,000 00

Total Amount o f Loans with Each Specified Rate o f Interest, including
Deposits in Banks on Interest.

Amount.

$5,966 57
30,000 00
73,500 00

Bate.

2 per cent.
3
“
4
“

Amount.

$29,400 00
59,500 00
23,976 25

Kate.

4| per cent.
4è
“
4|

Amount.

$26,900 00
213,470 00

Amount invested in real estate for banking purposes,
Estimated value of the s a m e , ...............................................................
Assessed value of the s a m e ,......................................................•
Net income received from same during year ending Oct. .31, 1889,
Value, by books, of other real estate, held by foreclosure or otherwise,
Assessed value of the s a m e ,........................................................................


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Federal Reserve Bank of St. Louis

Kate.

5 per cent.
6
«

$18,000
18,000
11,620
516
7,481
14,645

00
00
00
17
95
00

382

[Jan.

B A N K CO M M ISSIO N ERS’ R E P O R T .

Net income received from same during year ending Oct. 31, 1889,
Number of loans which are of an amount not exceeding $3,000 each, 163
Aggregate amount of the same,
.
......................................................
Total number of loans upon real e s t a t e , ............................................. 169
Amount of investments from which no income is received, .
.
.
.
Gross amount of interest or profits received or earned, as per books, during
year ending Oct. 31, 1 8 8 9 ,.................................................................................
Rate and amount of each semi-annual dividend during the f 2 per cent., j
year ending Oct. 31, 1 8 8 9 ,......................................................t 2 per cent., 1
Times for the dividends fixed by the by-laws: second Monday in January
and July.
Number of accounts opened during the year ending Oct. 31, 1889,
. 228
Number of accounts closed during the year ending Oct. 31, 1889,
. 197
Total number of open accounts Oct. 31, 1889.....................................
1,793
Expenses of the corporation for the year ending Oct. 31, 1889 (exclusive
of taxes),
.
.................................................................................
Amount of deposits, not including] dividends, received during the year
ending Oct. 31, 1 8 8 9 , .........................................................................................
Number of s a m e , .......................................................................................... 1,348
Amount of withdrawals, including dividends, during the year ending Oct.
31, 1 8 8 9 , ............................................................................................................
Number of same, .
.
.
»
......................................................... 967
Date of examination by commissioner: January 21.

$408 61
137,445 00
5,800 00
40,573 53
13,844 11
13,978 44

1,321 46
105,063 94

107,104 87

Glassification o f Deposits received during the Year ending Oct. 31, 1889.
Num­
ber.
O f $50 and less,
Exceeding $50, and not
more than $100, .
Exceeding $100, and not
more than $200, .
Exceeding $200, and not
more than $500, .
Exceeding $500, and less
than $1,000, .
O f $1,000 or more, .

Amount.

Num­
#

978

$19,352 25

188

15,701 18

65

10,224 10

78

26,800 59

21
18

14,651 49
18,334 33

1,348

$105,063 94

Com m onw ealth

ber.
To the credit —
Of women, both adult
and minor,
O f guardians,
Of religious and charitable associations, .
In trust................................

of

Amount.

673
7

$46,040 50
2,767 51

74
14

3,433 82
2,701 31

M a s sa c h u s e t t s .
W

o r c e s t e r , ss .,

N ov . 15, 1889.

Personally appeared David Atwood, Treasurer of the Millbury Savings Bank, and
made oath that the foregoing statement, by him subscribed, is a true and correct state­
ment of all the resources and liabilities of said institution, and that the answers made
by him to the foregoing interrogatories contain the whole truth in reference to the matters
to which they relate, according to his best knowledge and belief.
Before me,

H. W . A i k e n , Justice o f the Peace.
W

o rcester,

ss., Nov. 15, 1889.

Personally appeared Levi L. Whitney, President, and Ira N. Goddard, Chas. D. Morse,
John Gegenheimer, Thos. A. Winter and Amos Armsby, trustees of said corporation,
and severally made oath that the annexed report is correct, according to their best
knowledge and belief.
H. W . A i k e n , Justice o f the Peace.
Before me,


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Federal Reserve Bank of St. Louis

1890.]

383

P U B L IC D O CU M EN T — No. 8.

M IN E R S 3 S A V IN G S B A N K — W E S T

Incorporated Feb. 28, 1872.

STO CK B R ID G E.

Present number of corporators, 31.

W . M. K n i f f i n , President.

W . C. S p a u l d i n g , Treasurer.

W . C. S p a u l d i n g , Clerk o f the Corporation.

Names of committee charged with the investment of its funds:
C. W . K n i f f i n ,

H . F . T h om pson,

C. H . F u a b e y ,

W.

T . S. H e a t h ,
C. S p a u l d in g .

Open for business Monday and Friday, 9

a .m

B alance Sheet , O ctober

A ssets.

. to 12 m ., 1 to 3 p . m .

31, 1889.

L ia b il it ie s .

Public funds as per schedule, .
Bank stock as per schedule,
Railroad bonds as per schedule,
Loans on real estate, .
Loans on personal security,
Loans on depositors’ books,
Deposit in bank, not on interest,

$19,042
10,365
19,430
45,121
10,150
200
1,283

50
50
00
71
00
00
88

Deposits, .
Guaranty fund,
Interest account,
Profit and loss ac­
count,

$101,397 62
2,147 33
1,370 37
678 27

$105,593 59

$105,593 59

Cash on Deposit in Bank : —
Housatonic National Bank, S t o c k b r id g e ,......................................................$1,283 88

Detailed Statement o f Public Funds.
Estimated
Market Value.

Amount Invested.

$11,000
6,000

$13,970 00
6,558 50

$12,067 50
6,975 00

$17,000

$20,528 50

$19,042 50

Par Value.

United States 4s,
City of Providence, R. 1 , 5s, .


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Federal Reserve Bank of St. Louis

■384

B A N K CO M M ISSIO N ERS’ R E P O R T .

[Jan

No. of

Shares.

Detailed Statement o f Bank Stocks.

Par Value.

10 National Mahaiwe Bank, Great
Barrington,. . . .
20 City Nat’l Bank, Holyoke, .
5 Lee National Bank, Lee,
15 Berkshire N’l B’k, No. Adams,
13 Pittsfield N’l Bank, Pittsfield,
14 Housatonic National Bank,
Stockbridge,

$1,000
2,000
500
1,500
1,300

Estimated
Market Value.

$1,457
2,240
700
1,575
2,080

Amount Invested.

50
00
00
00
00

$1,457
2,240
700
1,840
2,028

50
00
00
00
00

1,400

2,520 00

2,100 00

$7,700

$10,572 50

$10,365 50

Detailed Statement o f Railroad Bonds.

Par Value.

Vermont & Massachusetts B.R. 5s,
Old Colony R.R. 7s,
Boston & Lowell R.R. 7s,
Boston & Lowell R.R. 4s,
Boston & Maine R.R. 7s,.

$6,000
2,000
4.000
2.000
3,000
$17,000

Estimated
Market Value.

$6,511
2,273
4,360
2,042
3,225

Amount Invested.

50
25
00
12
00

$ 18,411 87

$6,720
2,490
4,720
2,050
3,450

00
00
00
00
00

$19,430 00

Total Amount o f Loans with Each Specified Rate o f Interest, including
Deposits in Banks on Interest.

Amount.

$41,471 71

Rate.

5 per cent.

Amount.

$14,000 00

Rate.

6 per cent.

Amount.

-

Number of loans which are of an amount not exceeding $3,000 each,
51
Aggregate amount of the s a m e , .......................................................................
Total number of loans upon real estate,......................................................42
Amount of investments from which no income is received, .
.
.
.
Gross amount of interest or profits received or earned, as per books, during
year ending Oct. 31, 1 8 8 9 , ................................................................................
Rate and amount of each semi-annual dividend during the 1 2 per cent., j
year ending Oct. 31, 1 8 8 9 , .............................................■ ) 2 per cent., 1
Times for the dividends fixed by the by-laws: first Wednesday in January
and July.
Number of accounts opened during the year ending Oct. 31, 1889,
. 55
Number of accounts closed during the year ending Oct. 31, 1889,
. 36


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Federal Reserve Bank of St. Louis

Rate.

$30,271 71
1,840 00
4,530 64
1,790 50
1,819 66

1890.]

PU B L IC DO CU M EN T — No. 8.

385

Total number of open accounts Oct. 31, 1 8 8 9 , .................................... 337
Expenses of the corporation for the year ending Oct. 31, 1889 (exclusive of
taxes).......................................................................................................................
Amount of deposits, not including dividends, received during the year end­
ing Oct. 31, 1 8 8 9 ,.................................................................................................
Number of s a m e , ........................................................................................ 278
Amount of withdrawals, including dividends, during the year ending Oct.
31, 1889, .
‘ ..........................................................................................................
Number of same,
.
................................................................................222
Date of examination by commissioner: July 19.

$424 29
19,945 40

15,561 71

Classification o f Deposits received during the Year ending Oct. 3 1 ,1 8 8 9 .
Numher.

O f $50 and less,
Exceeding $50, and
more than $100, .
Exceeding $100, and
more than $200, .
Exceeding $200, and
more than $500, .
Exceeding $500, and
than $ 1 ,0 0 0 , .
O f $1,000 or more, .

Amount.

ber.

196

$4,216 13

40

3,151 09

22

3,767 05

16

5,661 13

3
1

2,150 00
1,000 00

278

$19,945 40

not
not
not

To the credit —
Of women, both adult
and minor,
O f guardians,
O f religious and charitable associations, .
In trust, .
.
.
.

less

Co m m o n w e a l t h

of

Amount.

91
2

$6,176 86
680 00

2
1

85 00
55 00

M a s sa c h u s e t t s .
B e r k s h ir e ,

ss .,

N ov . 18, 1889.

Personally appeared W m . C. Spaulding, Treasurer of the Miners’ Savings Bank,
and made oath that the foregoing statement, by him subscribed, is a true and correct
statement of all the resources and liabilities of said institution, and that the answers
made by him to the foregoing interrogatories contain the whole truth in reference to
the matters to which they relate, according to his best knowledge and belief.
Before me,

H. F. T h o m p so n , Justice o f the Peace.
B e r k s h ir e ,

ss .,

N ov . 18, 1889.

Personally appeared W m. M. Kniffin, President, and Chas. W . Kniffin, Théo. S.
Heath, O. P. Leavitt, Chas. E. Bostwick, Gorton H. Race and H. M. Truesdall,
trustees of said corporation, and severally made oath that the annexed report is correct,
according to their best knowledge and belief.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Before me,

H. F. T h o m pso n , Justice o f the Peace.

386

B A N K CO M M ISSIO N E R S’ R E P O R T .

[Jan.

M ON SO N S A V IN G S B A N K -M C N S C N .

Incorporated 1872.

Present number of corporators, 24.

I t . S. M u n n , President.

E . F . M o r r i s , Treasurer.

E . F . M o r r i s , Clerk o f the Corporation.

Names of committee charged with the investment of its funds :
It. S. M u n n ,
C. W . H o l m e s , Jr.,

F. E. M o r r is ,
S. F. C u s h m a n .

Open for business every business day, 9

a .m

. to 12 m ., 1 to 4 p . m .

B alance Sheet , October 31, 1889.

L ia b il it ie s .

A ssets.

Public funds as per schedule, .
Bank stock as per schedule,
Loans on bank stock,
Railroad bonds as per schedule,
Real estate (for banking pur­
poses), ....................................
Loans on real estate,.
Loans on personal security,
Loans to counties, cities ortowns
(n o te s ),....................................
Deposits in banks, on interest, .
Expense account,
Cash on hand, .
.
.
.

$23,000
41,400
8,670
50.000

00
00
38
00

Deposits, .
Guaranty fund,
Interest account,
Profit and loss ac­
count,

$626,825 14
24,500 00
17,976 25
1,884 45

2,640 25
408,565 00
31.000 00
15.000
83,146
40
7,723

00
48
08
65
$671,185 84

$671,185 84

Cash on Deposit in Banks, amount in each : —

•

Third National Bank, Springfield,....................................................................... $15,000 00
Chicopee National Bank, Springfield,...............................................................
15,000
City National Bank, Springfield,........................................................................
10,000
Agawam National Bank, Springfield, ...............................................................
10,000
Springfield Safe Deposit and Trust Company, Springfield, .
.
.
.
13,146
Home National Bank, H o ly o k e ,.......................................................................
10,000
Holyoke National Bank, H o l y o k e , ...............................................................
10,000

00
00
00
48
00
00

Loans on Bank Stock, amount on each : —
On 87 shares Monson National Bank, Monson, .
On 10 shares Third National Bank, Springfield, .
On 10 shares Palmer National Bank, Palmer, .


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$6,670 38

1,000 00
1,000 00

1890.]

PU B L IC D O CU M EN T — No. 8.

387

Detailed Statement o f Public Funds.
Estimated
Market Value.

Amount Invested.

$13,000
10,000

$15,080 00
10,700 00

$13,000 00
10,000 00

$23,000

$25,780 00

$23,000 00

Par Value.

City of Worcester, Mass., 5s, .
Town of Westfield, Mass., 6s,

No. of

*

Estimated
Market Value.

Par Value.

Amount Invested.

I

Shares.

Detailed Statement o f Bank Stocks.

20
20
20
25
25
25
40
30
15
11
10
10
10
5
5
2
25
70
20
20
3

North National Bank, Boston,
National Eagle Bank, Boston,
N’l B’k of No. America, Boston,
N’l B’k of Redemption, Boston,
NT B’k of Commerce, Boston,
Eliot National Bank, Boston,.
Suffolk National Bank, Boston,
Merchants’ N’l Bank, Boston,
Blackstone NT Bank, Boston,
Nat’l Revere Bank, Boston, .
Tremont Nat’l Bank, Boston,
Nat’l Webster Bank, Boston,.
N’l Hide &Leather B’k, Boston,
Nat’l Exchange Bank, Boston,
State National Bank, Boston,.
Massachusetts NT B’k, Boston,
City National Bank, Holyoke,
Monson Nat’l Bank, Monson,
First Nat’l Bank, Springfield,
City Nat’l Bank, Springfield,
Ware National Bank, Ware, .

$2,000
2,000
2,000
2,500
2,500
2,500
4,000
3,000
1,500
1,100
1,000
1,000
1,000
500
500
500
2,500
7,000
2,000
2,000
300

$2,780 00
2,060 00
2,300 00
3,375 00
3,200 00
3,225 00
4,560 00
4,260 00
1,665 00
1,463 00
1,130 00
1,000 00
1,225 00
635 00
640 00
540 00
2,800 00
9,800 00
2,900 00
2,800 00
360 00

$2,000 00
2,000 00
2,000 00
2,500 00
2,500 00
2,500 00
4,000 00
3,000 00
1,500 00
1,100 00
1,000 00
1,000 00
1,000 00
500 00
500 00
500 00
2,500 00
7,000 00
2,000 00
2,000 00
300 00

$41,400

$52,718 00

$41,400 00

Detailed Statement o f Bailroad Bonds.

Par Value.

Eastern R.R. 6s,
. . .
Boston & Lowell R.R. 4s,
Boston & Albany R.R. 7s,
Boston & Maine R.R. 4s,.
Boston & Providence R.R. 4s,.
Fitchburg R.R. 4£s, . . . .


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$5,000
5,000
10,000
10,000
10,000
10,000
$50,000

*A

Estimated
Market Value.

$6,300
5,250
10,800
10,800
10,900
10,100

00
00
00
00
00
00

$54,150 00

legal investment when made.

Amount Invested.

$5,000
5,000
10,000
10,000
10,000
10,000

00*
00
00
00
00
00

$50,000 -00


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

1890.]

389

PU B LIC DO CU M EN T — No. 8.

Com m onw ealth

of

M assa ch u setts.
H am pden,

ss .,

N ov . 7, 1889.

Personally appeared Edward F. Morris, Treasurer of the Monson Savings Bank, and
made oath that the foregoing statement, by him subscribed, is a true and correct state­
ment of all the resources and liabilities of said institution, and that the answers made
by him to the foregoing interrogatories contain the whole truth in reference to the
matters to which they relate, according to his best knowledge and belief.
Before me,

F. E. M o r r is , Justice o f the Peace.
H am pden,

ss .,

N ov . 7, 1889.

Personally appeared R. S. Munn, President, and C. H. Merriek, C. W . Holmes, Jr.,
S. F. Cushman, C. H. McMaster, W m. S. Nichols and A. D. Norcross, trustees of said
corporation, and severally made oath that the annexed report is correct, according to
their best knowledge and belief.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Before me,

F. E. M o r r is , Justice o f the Peace.

390

B A N K CO M M ISSIO N ERS’ R E P O R T .

[Jan.

N A N T U C K E T IN S T IT U T IO N FOR S A V IN G S -N A N T U C K E T .

Incorporated 1834.

Present number of corporators, 39.

T h a d d e u s C. D e f r i e z , President.

G e o . H. B r o c k , Treasurer.

G e o . H . B r o c k , Clerk o f the Corporation.

Names of committee charged with the investment of its funds :
T h a d d e u s C. D e f r i e z ,

D a v id F o l g e r ,

A n d r e w M . M y r ic k ,

A lmon T . M o w r y ,

H enry Paddock.

Open for business every business da y, from April to November, 9
November to April, 10 a . m . to 1 p . m .

a .m

. to 1 p . m ; from

B alance Sheet , October 31, 1889.

A ssets.

Public funds as per schedule, .
Loan on public funds,
Bank stock as per schedule,
Loan on bank stock, .
Railroad bonds as per schedule,
Real estate^ (for banking pur­
poses),
. ' . . . .
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Deposit in bank, on interest,
Deposit in bank, not on interest,
Expense account,
Cash on hand, .
.
.
.

L ia b il it ie s .

$44,000
300
11,100
200
47,500

00
00
00
00
00

4,000
14,000
239,773
8,360
20,945
1,088
649
411

00
00
36
00
93
10
35
53

Deposits, .
Guaranty fund,
Profit and loss ac­
count, .

$392,328 27

$375,887 70
11,129 49
5,311 08

$392,328 27

Cash on Deposit in Banks, amount in each : —
North National Bank, Boston.................................................................................$20,945 93
Pacific National Bank, N a n t u c k e t , ...................................................... ........
1,088 10
Loan on Public Funds : —
On $1,000 United States 4£s....................................................................................

$300 00

Loan on Bank Stock : —
On 5 shares National Bank of Commerce, New Bedford,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

.

00

1890.]

PU B L IC D O C U M E N T — No. 8.

391

Detailed Statement o f Public Funds.

Par Value.

Town of Beverly, Mass., 4s, .
City of Cleveland, Ohio, 6s, .
of Detroit, Mich., 7s,
of Fall River, Mass., 6s, .
of Lawrence, Mass., 6s, .
of Lowell, Mass , 6s,
of New London, Conn., 7s,
of East Saginaw, Mich., os,
of East Saginaw, Mich., 4^s, .
of Scranton, Pa , 6s,
District of Columbia 6s, .

$1,000
4.000

2.000
6,000
1,000
1,000
1,000
7.500
7,000
3.500

10,000
$44,000

Estimated
Market Value.

$1,060
4,480
2,495
7,560
1,105

Amount Invested.

00
00
00
00
00
00
00
00
00
00
00

$1,000 00
4.000 00
2.000 00
6,000 00
1,000 00
1,000 00
1,000 00
7.500 00
7,000 00
3.500 00
10,000 00

$49,597 00

$44,000 00

1,020
1,375
7,537
7,525
3,990
11,450

No. of

Shares.

Detailed Statement o f Bank Stocks.

20
19

10
10
10
10
8
10
14

Par Value.

North Nat’l Bank, Boston,
Lincoln Nat’l Bank, Boston, .
Continental N’l B’k, Boston, .
Old Boston N’l Bank, Boston,
Boylston Nat’ l Bank, Boston,
Columbian N’l Bank, Boston,
Metropolitan N’l B’k, Boston,
N’l B'k of No.America, Boston,
N’l B’k of Commerce, New
Bedford,
.
. ' .

$2,000
1,900

Estimated
Market Value.

1,000

00
50
00
00
00
00
00
1,220 00

$2,000 00
1,900 00
1,000 00
1,000 00
1,000 00
1,000 00
800 00
1,000 00

1,400

1,372 00

1,400 00

$11,100

$13,308 50

$11,100 00

1,000
1,000
1,000
1,000
800

$2,780
2,175
1,225
1,119
1,380
1,205
832

Amount Invested.

Detailed Statement o f Railroad Bonds.

Par Value.

Conn. & Passumpsic Rivers R.R. 7s,
Fitchburg R.R. 6s, .
Fitchburg R.R. 4*s............................
Old Colony R R. 7s,
Old Colony R.R 6s,
. . .
Boston & Lowell R.R. 6s,
Boston & Lowell R R. 5s,
Boston & Lowrell R.R. 4s,
Boston, Winthrop & Shore R.R. 5s,
Boston & Maine R.R. 7 s ,.
Boston & Albany R R. 6s,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$1,000

Estimated
Market Value.

Amount Invested.

4,500
3,000

$1,095 00
2,220 00
5,000 00
1,130 00
5,750 00
4,540 00
1,050 00
15,750 00
6,600 00
5,040 00
3,345 00

15,000 00
6.000 00
4,500 00
3,000 00

$47,500

$51,520 00

$47,500 00

2,000
5.000
1 .0 0 0

5.000
4.000

1.000
15,000

6,000

$1,000 00
2,000 00
5.000 00
1.000 00
5.000 00
4.000 00
1 .0 0 0 o c

392

B A N K CO M M ISSIO N ERS’ R E P O R T .

[Jan.

Total Amount o f Loans with Each Specified Bate o f Interest, including
Deposits in Banks on Interest.

Amount.

$20,945 93
88,722 50

Kate.

2 per cent.
5

Amount.

Kate.

Amount.

Rate.

$42,550 00
98,157 61

5£ per cent.
6

$18,643 25
560 00

6^ per cent.
7

Amount invested in real estate for banking purposes,....................................
Estimated value of the sam e,................................................................................
Assessed value of the s a m e ,................................................................................
Net income received from same during year ending Oct. 31, 1889,
Value, by books, of other real estate, held by foreclosure or otherwise,
Assessed value of the s a m e ,.................................................................................
Net income received from same during year ending Oct. 31, 1889,
Number of loans which are of an amount not exceeding $3,000 each,. 110
Aggregate amount of the s a m e , ........................................................................
Total number of loans upon real e s t a t e , .............................................135
Gross amount of interest or profits received or earned, as per books, during
year ending Oct. 31, 1 8 8 9 , ................................................................................
Rate and amount of each semi-annual dividend during the ) 2 per cent., f
year ending Oct. 31, 1 8 8 9 ,......................................................I 2 per cent., 1
Times for the dividends fixed by the by-laws: second Monday in January
and July.
Number of accounts opened during the year ending Oct. 31, 1889,
. 126
Number of accounts closed during the year ending Oct. 31, 1889,
. 119
Total number of open accounts Oct. 31, 1889,
.
.
.
.
1,197
Expenses of the corporation for the year ending Oct. 31, 1889 (exclusive of
taxes).......................................................................................................................
Amount of deposits, not including dividends, received during the year end­
ing Oct. 31, 1 8 8 9 ,.................................................................................................
Number of s a m e , ........................................................................................ 760
Amount of withdrawals, including dividends, during the year ending Oct.
31, 1889.....................................................................................................................
Number of s a m e , ........................................................................................ 903
Date of examination by commissioner: July 26.

$4,000
5,000
4,500
226
14,000
18,400
682

00
00
00
00
00
00
38

106,373 36

22,532 54
6,773 63
7,025 08

1,911 95
61,212 01

58,744 62

Classification o f Deposits received during the Year ending Oct. 31, 1889.
Num­
ber.
O f $50 and less,
Exceeding $50, and
more than $100, .
Exceeding $100, and
more than $200, .
Exceeding $200, and
more than $500, .
Exceeding $500, and
than $1,000, .
O f $1,000 or more, .

522

$9,670 65

106

8,825 56

65

10,148 92

47

16,041 02

11
9

7,525 86
9,000 00

760

$61,212 01

not
not
not
less


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Num­

Amount.

ber.
To the credit —
Of women, both adult
and minor,
O f guardians,
O f religious and charitable associations, .
In trust................................

Amount.

429
5

$24,421 24
512 96

24
18

1,670 64
2,014 00

1890.]

P U B L IC DO CU M EN T — No. 8.

C o m m o n w ealt h
N an tu c k et ,

ss .

of

393

M assach u setts .
N a n tu c k e t , N ov . 18, 1889.

Personally appeared Geo. H. Brock, Treasurer of the Nantucket Institution for
Savings, and made oath that the foregoing statement, by him subscribed, is a true and
correct statement of all the resources and liabilities of said institution, and that the
answers made by him to the foregoing interrogatories contain the whole truth in refer­
ence to the matters to which they relate, according to his best knowledge and belief.
Before me,
N a n tu c k e t ,

ss .

J o s ia h F. M u r p h y , Justice o f the Peace.

N a n t u c k e t , N ov. 18, 1889.

Personally appeared Thaddeus C. Defj-iez, President, and David Folger, Andrew M.
Myrick, Almon T. Mowry, Josiah C. Brock and David Parker, trustees of said corpora­
tion, and severally made oath that the annexed report is correct, according to their best
knowledge and belief.
Before me,
B e n j a m i n F. B r o w n , Justice o f the Peace.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

394

B A N K CO M M ISSIO N ERS’ R E PO R T.

[Jan.

N A T IC K F IV E CENTS S A V IN G S B A N K — N A T IC K .

Incorporated 1859.
John 0 . W

Present number of corporators, 43.

President.

F r e d e r ic k 0 . B aston , Treasurer.
F r e d e r ic k 0 . B aston , Clerk o f the Corporation.

ilson ,

Names of committee charged with the investment of its funds:
L eonard W in c h ,
W il l ia m N utt ,
F. H . H ayes,

J ohn L. W oodman ,
F rancis B ig e l o w ,
F r e d e r ic k 0 . B asto n .

Open for business every business day, 9

a .m .

to 3 p . m .

B alance Sheet , October 31, 1889.

A ssets.

Public funds as per schedule, .
Loan on public funds,
Bank stock as per schedule,
Loans on bank stock, .
Railroad bonds as per schedule,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
( n o t e s ) ,....................................
Loans on depositors’ books,
Deposits in banks, on interest, .
Deposit in bank, not on interest,
Expense account,
Furniture and fixtures,
Cash on hand, .
.
.
.

L ia b il it ie s .

$67,000
910
106,527
23,125
79,000
582,843
20,377

00
00
00
00
00
55
00

65,500
550
46,000
15,370
3,623
404
9,579

00
00
00
82
17
50
55

$1,020,810 59

Deposits, .
Guaranty fund,
Profit and loss account,

$958,101 26
38,405 93
24,303 40

$1,020,810 59

Cash on Deposit in Banks, amount in each : —
Wachusett National Bank, F itch bu rg,.............................................................. $20,000 00
North National Bank, B o s t o n , .......................................................................
11,000 00
Natick National Bank, N a t i c k , .......................................................................
30,370 82
Loan on Public Funds : —
On $1,600 United States 4 s , ............................................................................... $910 00
Loans on Bank Stock, amount on each : —
On
On
On
On

40 shares Natick National Bank, Natick,
50 shares Natick National Bank, Natick,
5 shares Natick National Bank, Natick, .
150 shares First National Bank, Chelsea,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$4,000
5,000
125
14,000

00
00
00
00

1890.]

395

P U B L IC DO CU M EN T — No. 8

Detailed Statement o f Public Funds.

Par Value.

City of Boston, Mass., 4s,
of Worcester, Mass., 4|s, .
of Fall River, Mass., 5s, .
Town of Brookline, Mass., 7 s,.
of Brookline, Mass., 4 s,.
City of Cambridge, Mass., 6 s,.
Town of Beverly, Mass., 4s, .

Estimated
Market Value.

Amount Invested.

$10,000
3,000
16,000
10,000
14,000
4,000
10,000

$10,900
3,360
19,280
12,400
14,000
5,160
10,600

00
00
00
00
00
00
00

$10,000 00
3,000 00
16,000 00
10,000 00
14,000'00
4,000 00
10,000 00

$67,000

$75,700 00

$67,000 00

No. of

Shares.

Detailed Statement o f Bank Stocks.

26
115
7
27
13
46
21
5
33
19
70
15
32
17
55
62
32
46
10
15
120
20
4
51
14
30
10
7
4
37

Par Value.

Atlas National Bank, Boston,
Boston Nat’l Bank, Boston, .
Boylston Natl Bank, Boston,
Central N atl Bank, Boston, .
Columbian N’l Bank, Boston,
N1 B’k of Commerce, Boston,
N1 B’k of the Commonwealth,
Boston,
.
.
.
.
Continental N’l Bank, Boston,
Dedham N atl Bank, Dedham,
Eliot National Bank, Boston,.
Everett Natl Bank, Boston, .
N atl Exchange Bank, Boston,
First National Bank, Chelsea,
Framingham National Bank,
Framingham,
Home Natl Bank, Brockton, .
Howard Natl Bank, Boston, .
Merchandise N’l Bank, Boston,
Merchants’ N’l Bank, Boston,
Metropolitan N ! B’k, Boston,
Monument N’l Bank, Boston,
Natick Nat’l Bank, Natick, .
Newton Nat’l Bank,»Newton,.
North National Bank, Boston,
N’l B’k of No. America, Boston,
N’l B’k of Redemption, Boston,
N’l B’k of the Republic,Boston,
Second Nat’l Bank, Boston, .
State Nat’l Bank, Boston,
Traders’ Nat’l Bank, Boston,.
WachusettN’l B’k, Fitchburg,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Estimated
Market Value.

Amount Invested.

$2,600
11,500
700
2,700
1,300
4,600

$3,068
14,030
966
3,672
1,573
5,888

00
00
00
00
00
00

$3,180
11,500
845
2,693
1,855
5,684

00
00
25
00
75
50

2,100
500
3,300
1,900
7,000
1,500
3,200

3,528
610
3,762
2,489
7,210
1,905
4,192

00
00
00
00
00
00
00

2,654
581
3,300
2,300
7,000
1,500
3,976

75
25
00
00
00
00
00

1,700
5,500
6,200
3,200
4,600
1,000
1,500
12,000
2,000
400
5,100
1,400
3,000
1,000
700
400
3,700

2,635
7,150
6,820
2,080
6,624
1,040
3,300
16,200
1,880
556
6,222
1,876
5,010
1,740
847
376
7,400

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

1,700
5,500
6,200
3,200
6,393
1,020
2,775
12,000
2,000
516
5,100
2,135
3,825
1,560
771
400
4,360

00
00
00
00
75
00
00
00
00
00
00
00
00
00
75
00
00

$96,300 $124,649 00

$106,527 00

396

B A N K CO M M ISSIO N ERS’ R E P O R T .

[Jan.

Detailed Statement o f Railroad Bonds.

Par Value.

Boston & Albany R.R. 7s,
Old Colony R.R. 6 s,.
Old Colony R.R. 4s, .
.
.
.
Fitchburg R.R. 5s, .
Boston, Clinton, Fitchburg & New
Bedford R.R. 5s, .
Vermont & Massachusetts R.R. 5s,
Bostoif & Lowell R.R. 4s,
Dexter & Piscataquis R.R. 4 s,.

Estimated
Market Value.

Amount Invested.

$5,000
4,000
5,000
25,000

$5,350
4,560
5,400
25,800

00
00
00
00

$5,000
4,000
5,000
25,000

00
00
00
00

5,000
10,000
15,000
10,000

5,580
10,700
15,600
10,000

00
00
00
00

5,000
10,000
15,000
10,000

00
00
00
00

$79,000

$82,990 00

$79,000 00

Total Amount o f Loans with Each Specified Rate o f Interest, including
Deposits in Banks on Interest.

Amount.

Kate.

$11,000 00
15,000 00
89,500 00

2 per cent.
H
“
4
\

Amount.

$4,000 00
7.000 00
305,040 55

Rate.

4J per cent.
54

“

Rate.

Amount.

$34,950 00
243,550 00
29,265 00

5J per cent.
6
6h
“

Number of loans which are of an amount not exceeding $3,000 each, . 316
Aggregate amount of the s a m e , ....................................................................... $331,305
Total number of loans upon real estate........................................................329
Amount of investments from which no income is received, .
.
.
.
8,650
Gross amount of interest or profits received or earned, as per books, during
year ending Oct. 31, 1 8 8 9 ,.................................................................................
51,575
Rate and amount of each semi-annual dividend during the i 2 per cent., r 17,394
year ending Oct. 31, 1889..........................................................j 2 per cent., {
17,583
Times for the dividends fixed by the by-laws : first Saturday in May and
November.
Number of accounts opened during the year ending Oct. 31,1889,
. 790
Number of accounts closed during the year ending Oct. 31, 1889,
. 509
Total number of open accounts Oct. 31, 1889,
.
.
.
.
4,656
Expenses of the corporation for the year ending Oct. 31, 1889 (exclusive of
t a x e s ) ,...................................................................................................................
*5,216
Amount of deposits, not including dividends, received during the year end­
ing Oct. 31, 1 8 8 9 ,.................................................................................................
259,949
Number of same................................................................................................4,493
Amount of withdrawals, including dividends, during the year ending Oct.
31, 1889,...................................................................................................................
271,594
Number of s a m e , .........................................................................................2,943
Date of examination by commissioner: January 8.

* This


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

sum includes $2,275, expense of furnishing new banking room.

55
00
63
37
59

09
58

69

1890.]

397

P U B L IC D O C U M E N T — No. 8.

Classification o f Deposits received during the Year ending Oct. 3 1 ,1 8 8 9 .
Num­
ber.
O f $50 and less,
E xceeding.$50, and
more than $100, .
Exceeding $100, and
more than $200, .
Exceeding $200, and
more than $500, .
Exceeding $500, and
than $1,000, .
O f $ L,000 or more, .

Num­

Amount.

3,435

$60,499 30

595

48,831 37

233

36,229 20

149

50,983 07

55
26

37,331 64
26,075 00

4,493

$259,949 58

ber.
To the credit —
Of women, both adult
and minor,
O f guardians,
O f religious and char­
itable associations, .
In trust, .
.
.
.

not
not
not

Amount.

1,876
8

$97,571 62
11,162 19

131
251

8,786 30
35,502 06

less

C om m onw ealth

of

M assa ch u setts.
M id d l e s e x ,

ss .,

N ov . 14, 1889.

Personally appeared Frederick 0 . Baston, Treasurer of the Natick Five Cents Savings
Bank, and made oath that the foregoing statement, by him subscribed, is a true and cor­
rect statement of all the resources and liabilities of said institution, and that the answers
made by him to the foregoing interrogatories contain the whole truth in reference to the
matters to which they relate, according to his best knowledge and belief.
Before me,

Jam e s M

cM an us,

Justice o f the Peace.

M id d l e s e x ,

ss .,

N ov . 14, 1889.

Personally appeared John 0 . Wilson, President, and Leonard Winch, William Nutt,
Gilbert W . Howe, F. M. Boardman and F. E. Cummings, trustees of said corporation,
and severally made oath that the annexed report is correct, according to their best
knowledge and belief.
Before me,
J a m e s M c M a n u s , Justice o f the Peace.


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Federal Reserve Bank of St. Louis

398

B A N K C O M M ISSIO N E R S’ R E P O R T .

[Jan.

N E W BEDFORD F IV E CENTS S A V IN G S B A N K — N E W
BE DFORD .

Incorporated 1855.

Present number of corporators, 156.

G eo . H o w l a n d , Jr., President.
W m . H . P i t m a n , Treasurer.
J a m e s T a y l o r , Clerk o f the Corporation.

Names of committee charged with the investment of its funds :
G e o r g e H o w l a n d , Jr.,
F r e d e r ic k S. A l l e n ,
T h o m a s W il c o x ,

L. S n o w ,
W il l i a m R . W i n g ,
T h o s. H . K n o w l e s,

Open for business every business day, 9

a .m .

O t is N. P i e r c e ,
P a r k m a n M. L u n d ,
G eo . F . K in g m a n .

to 1 p . m . ; also Saturday, 7 to 9 p .m .

B a l a n c e Sh e e t , O c to ber

A ssets.

31, 1889.

L ia b il it ie s .

Public funds as per schedule, . $1,028,500 00
Bank stock as per schedule,
192,600 00
Loans on bank stock,
12,330 00
Railroad bonds as per schedule,
399,500 00
Loans on real estate, .
1,142,795 71
Loans on personal security,
1,458,738 00
Deposiis in banks, on interest, .
219,116 62
Deposits in banks, not on interest,
377 64
Expense account,
886 49
Cash on hand, .
.
.
.
3,145 56

Deposits, .
Guaranty fund,
Interest account,
Profit and loss ac­
count, .
Discount account, .
Surplus fund, .

$4,279,563 55
111,032 48
3,713 08
2,999 40
14,535 52
46,147 99

$4,457,992 02

$4,457,992 02

Cash on Deposit in Banks, amount in each : —
Third National Bank, Springfield,....................................
International Trust Company, Boston, .
.
.
.
National Bank of Redemption, Boston,
Mechanics’ National Bank, New Bedford, .
Merchants’ National Bank, New Bedford, .
Citizens’ National Bank, New Bedford,
National Bank of Commerce, New Bedford,
First National Bank, New Bedford,
.
.
.
.

.

$10,674
133
2,447
1,290
71,385
81,923
1,395
50,246

25
00
59
19
77
14
68
64

Loans on Bank Stock, amount on each
On 26 shares Citizens’ National Bank, New Bedford, .
On 80 shares Citizens’ National Bank, New Bedford, .
On 3 shares Merchants’ National Bank, New Bedford,


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Federal Reserve Bank of St. Louis

$1,800 00
8,000 00
30 00

1890.]
On
On
On
On

399

P U B L IC D O CU M EN T — No. 8.

12 shares Merchants’ National Bank, New Bedford,
.
.
.
.1
5 shares Mechanics’ National Bank, New Bedford,
.
.
.
•I
5 shares First National Bank, New Bedford,.............................................f
15 shares National Bank of Commerce, New Bedford,
.
.
•j

Detailed Statement o f Public Funds.

Par Value.

City of Bangor, Me., 6s, .
of Boston, Mass., 4s,
Of Charlestown, Mass., 6s,
of Chelsea, Mass , 6s,
of East Saginaw, Mich., 5s,
of Fall River, Mass., os, .
of Fall River, Mass., 6s, .
of Grand Rapids, Mich., os,
of Holyoke, Mass , 6s,
of Lowell, Mass., 6s,
Town of Middleborough, Mass., 4s,
City of .New Bedford, Mass., 6s,
of New Bedford, Mass., 8^s, .
of New Haven, Conn., 3^s,.
of Northampton, Mass., 6s,
Town of No. Bridgewater, Mass., 6s,
City of Norwich, Conn., 6s,
of Salem, Mass., 6s,
United States 6s,
United States 4s,

$66,000
10,000
25,000
15,000
37,500
17,000
73,000
50,000
50,000
25,000
74,500
47,000
80,000
50,000
83,000
8,000
13,000
25,000
175,000
104,500

Estimated
Market Value.

$75,240
10,900
25,250
15,900
41,250
20,740
93,440
59,000
61,000
25,500
75,990
54,755
80,000
50,000
85,790
8,080
15,210
25,750
216,830
132,715

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

Amount Invested.

$66,000
10,000
25,000
15,000
37,500
17,000
73,000
50,000
50,000
25,000
74,500
47,000
80,000
50,000
83,000
8,000
13,<'00
25,000
175,000
104,500

00*
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

$1,028,500 $1,173,340 00 $1,028,500 00
*A

legal investment when made.

No. of

Shares.

Detailed Statement o f Bank Stocks.

25
100
120
100
20
25
100
523
313
300
200
100

Par Value.

Merchandise N’l B’k, Boston,
First National Bank, Boston,
Nat’l Revere Bank, Boston, .
Merchants’ N’l Bank, Boston,
State National Bank, Boston,
Tremont Nat’l Bank, Boston,
Franklin Nat’l Bank, Franklin,
Merchants’ Nat’l Bank, New
Bedford,
.
.
.
.
First N’l Bank, New Bedford,
National Bank of Commerce,
New Bedford,
Citizens’ N’l B’k,New Bedford,
Third Nat’l Bank,‘Springfield,


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Federal Reserve Bank of St. Louis

Estimated
Market Value.

Amount Invested.

$2,500
10,000
12,000
10,000
2,000
2,500
10,000

$1,625
24,000
14,400
14,000
2,400
2,750
12,500

52,300
31,300

98,847 00
46,950 00

52,300 00
31,300 00

30,000
20,000
10,000

29,100 00
27,800 00
20,000 00

30,000 00
20,000 00
10,000 00

$192,600

$294,372 00

$192,600 00

0000
00
00
00
00
00

$2,500
10,000
12,000
10,000
2,000
2,500
10,000

00
00
00
00
00
00.
00

400

B A N K CO M M ISSIO N E R S’ R E P O R T .

[Jan.

Detailed Statement o f Railroad Bonds.

Par Value.

Boston & Lowell R R. 4s,
Boston & Albany R.R. 6s,
Old Colony R.R. 6s,
. .
Old Colony R R. 7s,
Boston & Maine R.R. 7 s,.
Eastern R.R. 6s,
. . .
Fitchburg R.R. 4|s, .
.
.
Fitchburg R R. 4s, .

$89,000
10,000
45.000
20.000
15.000
52,500
118,000
50.000

.

.

Estimated

Amount Invested.

Market Value.

$92,560
11,100
50,950
22,600
16,800
66,150
119,180
48,500

00
00
00
00
00
00
00
00

$89,000
10,000
45.000
20.000
15.000
52,500
118.000
50.000

00
00
00
00
00
00*
00
00

$399,500 $427,840 00 $399,500 00
* A legal investment when made.

Total Amount o f Loans ivith Each Specified Bate o f Interest, including
Deposits in Banks on Interest.

Amount.

$1,385
7,056
115,674
95,000

Eate.

77
60
25
00

2 per cent.
•2k
“
3

H

“

Amount.

$280,690
250,000
973,410
480,250

Kate.

00
00
00
00

4 per cent.
44
“
4i
“
4|
“

Amount.

$340,706
116,395
10,200
162,211

Kate.

89
00
00
82

5 per cent.
5i
“
5|
“
6

“

Number of loans which are of an amount not exceeding $3,000 each, . 225 •
Aggregate amount of the s a m e , ........................................................................$231,845 78
Total number of loans upon real estate...................................................... 234
Amount of investments from which no income is received, .
.
.
.
15,000 00
Gross amount of interest or profits received or earned, as per books, during
year ending Oct. 31, 1 8 8 9 ,................................................................................
209,270 42
Rate and amount of each semi-annual dividend during the 1 2 per cent., f
80,986 93
year ending Oct. 31, 1889......................................................... 1 2 per cent., 1
81,967 11
Times for the dividends fixed by the by-laws: second Wednesday in April
and October. .
Number of accounts opened during the year ending Oct. 31, 1889,
2,215
Number of accounts closed during the year ending Oct. 31, 1889,
1,886
Total number of open accounts Oct. 31, 1889,
.
.
.
.
16,081
Expenses of the corporation for the year ending Oct. 31, 1889 (exclusive of
t a x e s ) ,...................................................................................................................
11,127 20
Amount of deposits, not including dividends, received during the year end­
ing Oct. 31, 1889.....................................................................................................
749,860 04
Number of s a m e , ................................................................................14,539
Amount of withdrawals, including dividends, during the year ending Oct.
31, 1889,...................................................................................................................
810,502 08
Number of same.......................................................................................9,350
Date of examination by commissioner: February 26.


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Federal Reserve Bank of St. Louis

1890.]

PU B L IC D O CU M EN T — No. 8.

401

Classification o f Deposits received during the Year ending Oct. 3 1 ,1 8 8 9 .

O f $50 and less,
Exceeding $50, and not
more than $100, .
Exceeding $100, and not
more than $200, .
Exceeding $200, and not
more than $500, .
Exceeding $500, and less
than $1,000, .
O f $1,000 or more, .

Num­
ber.

Amount.

12,204

$169,820 71

1,071

87,090 38

552

86,564 65

418

144,061 97

156
138

112,044 86
150,277 47

14,539

$749,860 04

Co m m o n w ea lth

To the credit —
O f women, both adult
and minor,
O f guardians,
O f religious and charitable associations, .
In trust, .
.
.
.

of

Num­
ber.

Amount.

6,646
43

$342,615 05
10,604 91

98
1,264

10,969 56
130,149 87

M assa ch u setts.
B r is t o l ,

ss .,

N ov . 16, 1889.

Personally appeared W m. H. Pitman, Treasurer of the New Bedford Five Cents Sav­
ings Bank, and made oath that the foregoing statement, by him subscribed, is a true
and correct statement of all the resources and liabilities of said institution, and that the
answers made by him to the foregoing interrogatories contain the whole truth in refer­
ence to the matters to which they relate, according to his best knowledge and belief.
Before me,

D a n ie l B. L e o n a r d , Justice o f the Peace.

B r is t o l ,

ss .,

N ov . 16, 1889.

Personally appeared Geo. Howland, Jr., President, and Frederick S. Allen, George F.
Kingman, Thomas Wilcox, Otis N. Pierce and P. M. Lund, trustees of said corporation,
and severally made affirmation and oath that the annexed report is correct, according to
their best knowledge and belief.
Before me,

/


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Federal Reserve Bank of St. Louis

D a n ie l B. L e o n a r d , Justice o f the Peace.

402

B A N K C O M M ISSIO N E R S’ R E PO R T

[Jan

N E W BEDFORD IN S T IT U T IO N FOR S A V IN G S — N E W
BED FO R D .

Incorporated 1825.
"W il l ia m W

Present number of corporators, 118.

President.
C h a r l e s H . P e i r c e , Treasurer.
W i l l i a m G. W o od , Clerk o f the Corporation.

a t k in s ,

Names of committee charged with the investment of its funds
J. R. T h o r n t o n ,
W m . W a t k in s ,
E d w a r d D. M a n d e l l ,
A n d r e w G P ie r c e ,
H o r a t io H a t h a w a y ,
G il b e r t A l l e n ,
E d w a r d S. T a b e r .

Open for business every business day, 9

B alance

Sh e e t , O cto ber

a .m .

to 1 p . m .

31, 1889.

L ia b il it ie s .

A ssets.

Public funds as per schedule, . $2,550,600 00
Bank stock as per schedule,
1,388,860 00
Loans on bank stock,
40,600 00
1,184,000 00
Railroad bonds as per schedule,
80,000 00
Loans on railroad stock, .
Railroad notes, .
.
.
.
525,000 00
Real estate (for banking pur­
30,000 00
poses), .
. . .
5,000 00
Real estate by foreclosure,
1,602,734 00
Loans on real estate, .
3,769,642 00
Loans on personal security,
Loans to counties, cities or towns
79,500 00
(notes)...............................
600 00
Loans on depositors’ books,
143,132 85
Deposits in banks, on interest, .
Expense account,
537 19
20,875 48
Cash on hand................................
$11,421,081 52

Deposits, .
Guaranty fund,
Profit and loss ac­
count,
Premium account, .

$10,916,755 19
412,000 00
55,550 76
36,775 57

$11,421,081 52

Cash on Deposit in Banks, amount in each : —
Merchants’ National Bank, New B e d f o r d ,..................................................... $7,112 91
First National Bank, New B e d f o r d , ..............................................................7,718 77
National Bank of Commerce, New Bedford,.....................................................
80,781
Mechanics’ National Bank, New B e d f o r d ,.....................................................
7,267
Citizens’ National Bank, New Bedford,...............................................................
6,660
National Revere Bank, B o s t o n , .......................................................................
28,600
National Bank of Redemption, Boston,..............................................................
4,990


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

83
91
79
54
10

1890.]

403

P U B L IC D O CU M EN T — No. 8

Loans on Bank Stock, amount on each : —
On 12 shares Merchants’ National Bank, New Bedford,
On 91 shares First National Bank, New Bedford,
On 70 shares Third National Bank, Springfield, .
On 100 shares First National Bank, North Easton,
On 20 shares Citizens’ National Bank, New Bedford, .
On 5 shares Citizens’ National Bank, New Bedford, .
On 7 shares Mechanics’ National Bank, New Bedford,
On 15 shares Mechanics’ National Bank, New Bedford,
On 9 shares First National Bank, New Bedford, .
On 22 shares National Bank of Commerce, New Bedford,
On 3 shares National Bank of Commerce, New Bedford,
On 6 shares Shawmut National Bank, Boston,
On 8 shares Second National Bank, Boston,
On 12 shares Falmouth National Bank, Falmouth,
On 3 shares First National Bank, Yarmouth,
On 25 shares Falmouth National Bank, Falmouth,
On 10 shares National Bank of Commerce, New Bedford,
On 10 shares Mechanics’ National Bank, New Bedford,
On 6 shares Mechanics’ National Bank, New Bedford,
On 9 shares Merchants’ National Bank, New Bedford,
On 10 shares Citizens’ National Bank, New Bedford, .
On 3 shares First National Bank, New Bedford, .
On 3 shares National Bank of Commerce, New Bedford,

$

1,200 00
7,500 00
7.000 00

10,000 00

2.000 00
100 00
500 00
4,000 00

3,000 00

500 00
300 00

1,500 00

Loans on Railroad Stock, amount on each : —
On 130 shares Old Colony Railroad...................................................................... $16,000 00
On 500 shares Old Colony R a i l r o a d ,..............................................................
64,000 00

Detailed Statement o f Public Funds.

Tar Value.

United States 4s,
Town of Attleborough, Mass., 7s, .
City of Boston, Mass , 6s,
of Boston, Mass., 5s,
Town of Buckland, Mass , 6 s,.
City of Bangor, Me., 6s, .
of Bath, Me., 6s,
of Burlington, Yt., 6s,
District of Columbia 6s, .
District of Columbia 5s, .
City of Charlestown, Mass., 5s,
of Charlestown, Mass , 6s,
of Cambridge, Mass., 6s, .
of Chelsea, Mass., 6s,
of Cleveland, Ohio, 7s,
of Cleveland, Ohio, 5s, .
of Cleveland, Ohio, 6s,
of Cleveland, Ohio, 4s, .


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Federal Reserve Bank of St. Louis

* Legal

Estimated
Market Value.

Amount Invested.

$300,000 $381,000 00 $300,000 00
44,200 00
34,000 00
34,000
14,980 00
14,000
14,000 00
139,400 00
125,000 00
125,000
5,100 00
5,000
5,000 00
115,000 00
100,000 00*
100,000
19,000 00
19,000
19,000 00*
16,320 00
16,000 00
16,000
192,400 00
185,000
185,000 00
86,600 00
77,000
77,000 00
106,500 00
100,000
100,000 00
3,200 00
3,000
3,000 00
13,320 00
12,000
12,000 00
74,120 00
68,000
68,000 00
62,980 00
57,000
57,000 00
12,540 00 . 11,000 00
11,000
73,700 00
67,000
67,000 00
3,000 00
3,000 00
3,000

investments when made.

404

B A N K CO M M ISSIO N ERS’ R E P O R T

[Jan

Detailed Statement o f Public Funds— Concluded.

Tar Value.

City of Columbus, Ohio, 6s, .
of Dover, N. II., 6 s,.
of Detroit, Mich , 4s,
Town of-Edgartown, Mass., 6s,
City of East Saginaw, Mich., os,
of Fall River, Mass., 6s, .
of Fall River, Mass., os, .
of Fitchburg, Mass., 6s, .
of Fort Wayne, Ind., 6s, .
Town of Greenfield, Mass., 6s,
City of Grand Rapids, Mich , 5s,
of Hartford, Conn., 6s,
of Lawrence, Mass , 6s, .
of Lynn, Mass., 6s, .
of Malden, Mass.. 5s,
of Malden, Mass., 6s,
Town of Medford, Mass., 6s, .
of Melrose, Mass., 6s, .
City of Manchester, N. H., 6s, .
of Middletown, Conn , (is,
of New Bedford, Mass., 6s,
of New Bedford, Mass., 7s,
of New Bedford, Mass., 4s,
of New Bedford, Mass., 3|s, .
of Nashua, N. H., 6s,
of Pawtucket, R 1., 5s,
of Providence, R. I., 4Js, .
of Providence, R. I., 5s, .
of Providence, R. 1 . 6s, .
Towm of Peterborough, N. I I , 6s, .
City of Peoria, 111., 4is, .
of Springfield, Ohio, 4is,
Town of Shelburne, Mass , 6s,

$10,000
50,000
210,000
8,000
60,000
1,000
1,000
2,000
31,000
5,000
130,000
20.000
2,000
2,000
17,000
50,000
50,000
50,000
6,000
38,000
251,000
15,000
100,000
25,000
5,000
4,000
6,000
77,600
2,000
10,000
50,000
60,000
6,000

Estimated
Market Value.

$10,600
50,500
222,600
8,080
64,200
1,160
1,100
2,160
35,960
5,100
146,250
20,900
2,420
2,180
17,680
50,750
50,750
50,750
6,600
42,400
301,200
15,900
102,000
25,000
5,300
4,400
6,480
85,000
2,420
10,300
50,300
64,200
6,120

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

Amount Invested.

$10,000
50,000
210,000
8,000
60,000
1,000
1,000
2,000
31,000
5,000
13Q,000
20,000
2,000
2,000
17,000
50,000
50,000
50,000
6,000
38,000
251,000
15,000
100,000
25,000
5,000
4,000
6,000
77,600
2,000
10,000
50,000
60,000
6,000

00
CO
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

$2,550,600 $2,834,120 00 $2,550,600 00

No. of

Shares.

Detailed Statement o f Bank Stocks.

1096
1356
1366
1000

Par Value.

Merchants’ Nat’l Bank, New
Bedford,
.
.
.
.
First N’ l Bank, New Bedford,
National Bank of Commerce,
New Bedford,
Mechanics’ National Bank,
New Bedford,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Estimated
Market Value.

Amount Invested.

$109,600 $208,240 00 $109,600 00
203,400 00
135,600
135,600 00
136,600

133,860 00

136,600 00

100,000

170,000 00

100,000 00

1890.]

PU B LIC DO CU M EN T — No. 8.

405

No. of

Shares.

Detailed Statement o f Bank Stocks — Concluded.

1000
250
200
22
150
200
200
45
70
200
150
140
20
460
530
380
100
490
230
230
90
230
80
350
90
140
250
170
176
360
130
260
500
130
140
40
100
200
30
30
100
90
108

Par Value.

Estimated
Market Value.

Amount Invested.

Citizens’ N’l B’k, New Bedford, $100,000 $139,000 00 $100,000 00
25,000 00
32,500 00
25,000
MetaconiQt N’l B’k Fall River,
20,000 00
22,000 00
20,000
Fall River N’l B’k, Fall River,
National Bank of Fairhaven,
1,760 00
1,760 00
1,760
Fairhaven, .
15,000 00
18,750 00
15,000
First National Bank, Malden,
20,000 00
26,000 00
20,000
First National Bank, Chelsea,
20,000 00
40,000 00
20,000
Third N’l Bank, Springfield, .
4,5U0 00
5,850 00
4,500
Railroad Nat’l Bank, Lowell,
Nat’l Bank of South Reading,
7,000 00
8,050 00
7,000
Wakefield, .
.
.
.
20,000 00
24,000 00
20,000
N’l Hide & Leather B’k, Boston,
15,000 00
18,300 00
15,000
Boston Nat’l Bank, Boston, .
14,000 00
15,400 00
14,000
Howard Nat’l Bank, Boston, .
2,000 00
2,540 00
2,000
Nat'l Exchange Bank, Boston,
46,000 00
58,420 00
46,000
N’l B’k of Commerce, Boston,
53,000 00
91,160 00
53,000
Second Nat’l Bank, Boston, .
38,000 00
45,980 00
38,000
N’l B’k of No. America, Boston,
10,000 00
23,500 00
10,000
Maverick Nat’l Bank, Boston,
49,000 00
81,830 00
49,000
N’l B’k of the Republic, Boston,
23,000 00
55,660 00
23,000
First National Bank, Boston,.
23,000 00
33,120 00
23,000
Merchants’ N’l Bank, Boston,
9,000 00
11,700 00
9,000
Eliot National Bank, Boston,
23,000 00
31,970 00
23,000
North National Bank, Boston,
3,000 00
2,850 00
3,000
National City Bank, Boston, .
35,000 00
39,550 00
35,000
Tremont Nat’l Bank, Boston,
9,000 00
11,250 00
9,000
Hamilton Nat’l Bank, Boston,
14,000 00
18,060 00
14,000
Shawmut Nat’l Bank, Boston,
25,000 00
30,250 00
25,000
Continental N’l Bank, Boston,
17,000 00
17,510 00
17,000
National Eagle Bank, Boston,
44,000 00
47,960 00
44,000
Massachusetts N’l B’ k, Boston,
36,000 00
42,480 00
36,000
Atlas National Bank, Boston,
13,000 00
18,590 00
13,000
Nat’l Union Bank, Boston,
26,000 00
31,160 00
26,000
Columbian N’l Bank, Boston,
50,000 00
62,000 00
50,000
Nat’l Revere Bank, Boston, .
13,000 00
16,250 00
13,000
Washington N’l Bank, Boston,
14,000 00
13,160 00
14,000
Shoe & Leather N’l B’k, Boston,
4,000 00
6,480 00
4,000
New England N’l B'k, Boston,
N’l B’k of the Commonwealth,
10,000 00
16,700 00
10,000
Boston,
.
.
.
.
20,000 00
26,800 00
20,000
N’l B’k of Redemption, Boston,
3,000 00
3,090 00
3,000
Everett Nat’l Bank, Boston, .
3,000 00
2,070 00
3,000
Merchandise N’ l Bank, Boston,
10,000 00
22,000 00
10,000
Monument Nat'l Bank, Boston,
9,000 00
10,890 00
9,000
State National Bank, Boston,
10,800 00
10,260 00
10,800
Traders’ Nat’l Bank, Boston,.


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Federal Reserve Bank of St. Louis

$1,388,860 $1,952,650 00 $1,388,860 00

406

B A N K CO M M ISSIO N ERS’ R E P O R T .

[Jan.

Detailed Statement o f Railroad Bonds.
Estimated

Amount Invested.

Market Value.

Boston & Albany R R. 7s,
Boston & Albany R.R. 6s,
Boston & Lowell R R. 4^s,
Boston & Lowell R.R. 5s,
Boston & Lowell R.R. 6s,
Boston & Lowell R.R. 7s,
Boston & Maine R.R. 7s%.
Boston & Maine R.R. 4 s,.
Fitchburg R R. 5s, .
Fitchburg R R. 4-|s, .
New Bedford R.R. 7s,
Old Colony R R. 6s,.

.

$450,000 $481,500 00 $150,000 00
50,000 00
56,500 Q0
50,000
20,000 00
21,600 00
20,000
15,000 00
16,350 00
15,000
44,000 00
49,720 00
44,000
10,700 00
10,000 00
10,000
26,000 00
29,640 00
26,000
200,000 00
200,000 216,000 00
39,900 00
38,000 00
38,000
200,000 00
200,000 00
200,000
84,750 00
75,000 00
75,000
56,000 00
63,280 00
56,000

»

1,184,000 $1,269,940 00 $1,184,000 0C

Total Amount o f Loans with Each Specified Rate o f Interest, including
Deposits in Banks on Interest.

Amount.

$68,132
365.000
460.000
125.000
1,068,000

Rate.

85
00
00
00
00

2i per cent.
3Ï
“
3|
“
3£
“
4
“

Rate.

Amount.

$175,000
1,691,000
1,454,950
20,000

00
00
00
00

4| per cent.

H

44

4

“

“
“

Amount.

$155,200
366,574
235,930
56,422

Rate.

00
00
00
00

4| per cent.
5
oà “
6

$30,000 00
Amount invested in real estate for banking purposes,....................................
30,000 00
Estimated value of the same,................................................................................
20,000 00
Assessed value of the s a m e ,................................................................................
5,000 00
Value, by books, of other real estate, held by foreclosure or otherwise,
9,200 00
Assessed value of the s a m e ,.................................................................................
Number of loans which are of an amount not exceeding $3,000 each, . 245
281,160 00
Aggregate amount of the s a m e , ........................................................................
Total number of loans upon real e s t a t e , .............................................227
35,000 00
Amount of investments from which no income is received, .
.
.
.
Gross amount of interest or profits received or earned, as per books, during
year ending Oct. 31, 1889.....................................................................................
572,712 33
Rate and amount of each semi-annual dividend during the ) 2 per cent., ( 208,501 50
year ending Oct. 31,.1889, .
.
.
.
.
.
.1 2 per cent., I 210,194 46
Rate and amount of any extra dividend paid during the year ending Oct.
107,525 40
31, 1889, 9 per cent, on dividends of 3 years preceding,
.
.
.
.
Times for the dividends fixed by the by-laws : first Monday of April and
October.
Number of accounts opened during the year ending Oct. 31, 1889,
2,484
Number of accounts closed during the year ending Oct. 31, 1889,
2,111


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Federal Reserve Bank of St. Louis

1890.]

407

PU B L IC DO CU M EN T — No. 8.

Total number of open accounts Oct. 31, 1889,
.
.
.
.
20,968
Expenses of the corporation for the year ending Oct. 31, 1889 (exclusive of
ta x e s),...........................................................................................................................$19,954 66
Amount of deposits, not including dividends, received during the year end­
ing Oct. 31, 1 8 8 9 ,................................................................................................. 1,518,941 04
Number of s a m e , ............................................................................... 12,699
Amount of withdrawals, including dividends, during the year ending Oct.
31, 1889..................................................................................................................... 1,697,355 26
Number of s a m e , ............................................................................... 15,280
Date of examination by commissioner : September 19.

Classification o f Deposits received during the Year ending Oct. 3 1 ,1 8 8 9 .
Num­
ber.
O f $50 and less,
Exceeding $50, and
more than $100, .
Exceeding $100, and
more than $200, .
Exceeding $200, and
more than $500, .
Exceeding $500, and
than $1,000, .
O f $1,000 or more, .

Num­

Amount.

8,010

$176,208 53

1,927

160,198 97

1,042

164,130 13

944

331,627 33

413
363

296,893 60
389,882 48

ber.
To the credit —
O f women, both adult
and minor,
O f guardians,
O f religious and chari­
table associations, .
In trust, .
.
.
.

not
not
not

Amount.

6,289
72

$732,577 19
27,782 96

172
1,800

18,052 84
378,950 12

less

12,699 $1,518,941 04

C om m onw ealth

of

M assach u setts.
B r is t o l ,

ss .,

N ov . 9, 1889.

Personally appeared Chas. H. Peirce, Treasurer of the New Bedford Institution for
Savings, and made oath that the foregoing statement, by him subscribed, is a true and
correct statement of all the resources and liabilities of said institution, and that the
answers made by him to the foregoing interrogatories contain the whole truth in refer­
ence to the matters to which they relate, according to his best knowledge and belief.
Before me,

J o sh u a C . H it c h , Justice o f the Peace.

B r is t o l ,

ss .,

N ov . 9, 1889.

Personally appeared William Watkins, President, and Gilbert Allen, Andrew G.
Pierce, W m . A. Robinson, Horatio Hathaway and Asa C. Peirce, trustees of said
corporation, and severally made oath that the annexed report is correct, according to
their best knowledge and belief.
Before me,


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Federal Reserve Bank of St. Louis

J o sh u a C. H i t c h , Justice o f the rea ce.

408

B A N K C O M M ISSIO N ERS’ R E P O R T .

[Jan.

N E W B U R Y P O R T F IV E CENTS S A V IN G S B A N K —
NEW BURYPORT.

Incorporated April 24, 1854.

Present number of corporators, 47.
J. A. M a y n a r d , Treasurer.

E b e n S u m n e r , President.

J. A. M a y n a r d , Clerk o f the Corporation.

Names of committee charged with the investment of its funds:
E ben Su m n e r ,
J ohn H . B a l c h ,

N a t h a n ie l D o l e ,
A . W . G jxee n lea f .

Open for business every business day, except Saturday, 9
Saturday, 9 a . m . to 1 p .m .

a .m .

to 1 p . m ., 2.30 to 4 p . m .;

B alance Sheet , October 31, 1889.

A ssets.

Public funds as per schedule, .
Loan on public funds,
Bank stock as per schedule,
Railroad bonds as per schedule,
Loan on railroad bonds, .
Real estate (for banking pur­
poses), ....................................
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Deposits in banks, on interest, .
Expense account,
Cash on hand, .
.
.
.

L ia b il it ie s .

$40,000
5.000
118,200
20,000
4.000

00
00
00
00
00

35,000
19,690
395,246
132,700
58,082
141
3,862

00
00
00
00
12
67
59

$831,922 38

Deposits, .
Guaranty fund,
Profit and loss ac­
count,
Premium account, .

$732,304 39
34,398 23
63,717 51
1,502 25

$831,922 38

Cash on Deposit in Banks, amount in each : —
First National Bank, N e w b u r y p o r t ,............................................................... $21,143 72
Maverick National Bank, Boston,........................................................................
16,737 40
Powow River National Bank, A m e s b u r y ,......................................................
20,201 00
Loan on Public Funds : —
On $5,000 United States 4 ^ s , ................................................................................$5,000 00
Loan on Railroad Bonds : —
On $4,000 Boston & Albany R.R. b o n d s , ......................................................$4,000 00


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Federal Reserve Bank of St. Louis

1890.]

409

P U B L IC D O C U M E N T — No. 8

Detailed Statement o f Public Funds.

Par Value.

City of Bangor, Me., 6s,
United States 6s,

*A

Estimated
Market Value.

Amount Invested.

$10,000
30,000

$11,200 00
38,400 00

$10,000 00*
30,000 00

$40,000

$49,600 00

$40,000 00

legal investment when made.

No. of
Shares.

Detailed Statement o f Bank Stocks.

10
60
33
17
8
80
13
18
50
42
74
33
50
5
50
10
25
15
44
40
10
10
23
37
10
12
104
33
24
56
56
100
60

Par Value.

Atlantic Nat’l Bank, Boston, .
Atlas National Bank, Boston,.
Blackstone N’l Bank, Boston,
Boston Nat’l Bank, Boston, .
Boy 1sto n Nat’l Bank, Boston,
National City Bank, Boston, .
Columbian N’l Bank, Boston,
N’l B’k o f Commerce, Boston,
N’l B’k o f the Commonwealth,
Boston,
.
.
.
.
Continental N’l Bank, Boston,
National Eagle Bank, Boston,
Eliot National Bank, Boston,.
Everett Nat’l Bank, Boston, .
Nat’l Exchange Bank, Boston,
Globe National Bank, Boston,
Hamilton Nat’l Bank, Boston,
N’l Hide & Leather B’k,Boston,
Howard Nat’l Bank, Boston, .
Market Nat’l Bank, Boston, .
Maverick Nat’l Bank, Boston,
New England N’l B’k, Boston,
N’l B’k of No America, Boston,
N’l B’k of the Republic, Boston,
Nat’l Revere Bank, Boston, .
Shawmut Nat’l Bank, Boston,
Suffolk Nat’l Bank, Boston, .
Third National Bank, Boston,
Tremont Nat’l Bank, Boston, .
Nat’l Union Bank, Boston,
Nat’l Webster Bank, Boston,.
First Nat’l Bank, Newburyport,
Mechanick’s N’l B’k, Newburyp o r t , ..................................
Ocean N’l B’k, Newburyport,


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Federal Reserve Bank of St. Louis

Estimated
Market Value.

Amount Invested.

$1,000
6,000
3,300
1,700
800
8,000
1,300
1,800

$1,425
7,095
3,630
2,074
1,104
7,600
1,579
2,304

00
00
00
00
00
00
50
00

$1,000
6,000
3,300
1,700
800
8,000
1,300
1,800

00
00
00
00
00
00
00
00

5,000
4,200
7,400
3,300
5,000
500
5,000
1,000
2,500
1,500
4,400
4,000
1,000
1,000
2,300
3,700
1,000
1,200
10,400
3,300
2,400
5,600
5,600

8,487
5,145
7,622
4,290
5,100
637
4,925
1,220
3.000
1,650
4.312
9,600
1,620
1,220
3,795
4,588
1,270
1,380
10,868
3,745
3,432
5,600
6,720

50
00
00
00
00
50
00
00
00
00
00
00
00
00
00
00
00
00
00
50
00
00
00

5,000
4,200
7,400
3,300
5,000
500
5,000
1,000
2,500
1,500
4,400
4,000
1,000
1,000
2,300
3,700
1,000
1,200
10,400
3,300
2,400
5,600
5,600

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

10,000
3,000

12,400 00
3,900 00

$118,200

10,000 00
3,000 00

$143,339 00 $118,200 00

410

[Jan.

B A N K CO M M ISSIO N ERS’ R E PO R T.

Detailed Statement o f Railroad Bonds.

Par Value.

Old Colony R.R. 7 s ,.
Fitchburg R.R. 5s, .

Estimated
Market Value.

Amount Invested.

$5,000
15,000

$5,700 00
15,875 00

$5,000 00
15,000 00

$20,000

$21,575 00

$20,000 00

Total Amount o f Loans with Each Specified Rate o f Interest, including
Deposits in Bank on Interest.

Amount.

$125,000
8,000
90,900
256,290

00
00
00
00

5 per cent.
51 “
5£
“
6

Amount.

o
o
o
o

2 per cent.
“
4
“
4£
“

Rate.

oT

72
40
00
00

Amount.

o
o
o
o
^

$21,143
16,737
20,201
42,456

Rate.

Rate.

6J per cent.
7

Amount invested in real estate for banking purposes,....................................
$35,000 00
Estimated value of the same, .
.......................................................................
35.000 00
Assessed value of the same.....................................................................................
33.000 00
Net income received from same during year ending Oct. 31, 1889,
1,025 08
Value, by books, of other real estate, held by foreclosure or otherwise,
19.690 00
Assessed value of the s a m e ,.................................................................................
37,300 00
Number of loans which are of an amount not exceeding $3,000 each, . 236
Aggregate amount of the s a m e , .......................................................................
242,190 00
Total number of loans upon real estate,..................................................... 254
Amount of investments from which no income is received, .
.
.
.
18.690 00
Gross amount of interest or profits received or earned, as per books, during
year ending Oct. 31, 1889, ................................................................................
43,959 22
16,824 64
Rate and amount of each semi-annual dividend during the 1 2£ per cent., I
13,542 06
year ending Oct. 31, 1 8 8 9 , ..................................................... i 2 per cent., 1
Times for the dividends fixed by the by-laws: first Monday in May and
November.
Number of accounts opened during the year ending Oct. 31, 1889,
. 236
Number of accounts closed during the year ending Oct. 31, 1889,
. 240
Total number of open accounts Oct. 31, 1889,
.
.
.
.
2,769
Expenses of the corporation for the year ending Oct. 31,1889 (exclusive of
ta x e s ),....................................................................................................................
2,480 71
Amount of deposits, not including dividends, received during the year end­
ing Oct. 31, 1 8 8 9 ,.................................................................................................
105,631 95
Number of s a m e , .........................................................................................1,213
Amount of withdrawals, including dividends, during the year ending Oct.
102,508 22
31, 1889,..................................................................................................................
Number of s a m e , .........................................................................................1,016
Date of examination by commissioner: August 16.


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Federal Reserve Bank of St. Louis

1890.]

411

P U B L IC D O CU M EN T — No. 8.

Classification o f Deposits received during the Year ending Oct. 3 1 ,1 8 8 9 Num­

O f $50 and less,
Exceeding $50, and not
more than $100, .
Exceeding $100, and not
more than $200, .
Exceeding $200, and not
more than $500, .
Exceeding $500, and less
than $1,000, .
O f $1,000 or more, .

Num­

Amount.

ber.
875

$13,612 46

146

11,943 99

63

10,517 04

81

28,679 77

27
21

19,171 90
21,706 79

1,213

$105,631 95

Co m m o n w e a l t h

ber.
T o the credit —
O f women, both adult
and minor,
O f guardians,
Of religious and chari­
table associations, .
In trust................................

op

Amount.

578
14

$53,937 25
2,461 77

46
31

2,737 20
5,216 54

M assach u setts.
E ssex,

ss .,

N ov 12, 1889.

Personally appeared J. A. Maynard, Treasurer of the Newburyport Five Cents
Savings Bank, and made oath that the foregoing statement, by him subscribed, is a true
and correct statement of all the resources and liabilities of said institution, and that the
answers made by him to the foregoing interrogatories contain the whole truth in reference
to the matters to which they relate, according to his best knowledge and belief.
Before me,

F r a n c is V . P i k e , Justice o f the Peace.

E ssex,

ss .,

N ov . 12, 1889.

Personally appeared Eben Sumner, President, and P. H. Blumpey, A. W . Greenleaf,
W m . R. Johnson, S. B. Carter, J. N. Pike and J. H. Balcli, trustees of said corpora­
tion, and severally made oath that the annexed report is correct, according to their
best knowledge and belief.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Before me,

F r a n c is V. P i k e , Justice o f the Peace.

412

B A N K C O M M ISSIO N E R S’ R E P O R T .

[Jan.

N E W T O N S A V IN G S B A N K -N E W T O N .

Incorporated June 17, 1831.

Present number of corporators, 16.

G eo k ge H y d e , President.
S u sa n n a M . D u n c k l e e , Treasurer.
F r a n c is M u r d o c k , Clerk o f the Corporation.

Names of committee charged with the investment of its funds :
G eorge H y d e ,
W

il l a r d

J a m e s F . C. H y d e ,
M arcy.

Open for business every business day, except Saturday, 9
Saturday, 9 a . m . to 1 p . m .

B a l a n c e Sh e e t , O c t o b e r

to 12

m .,

2 to 4

p .m .

;

31, 1889.

L ia b il it ie s .

A ssets.

Public funds as per schedule, .
Bank stock as per schedule,
Railroad bonds as per schedule,
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Deposits in banks, on interest, .
Deposit in bank, not on interest,
Expense account,
Cash on hand................................

a .m .

*
$61,000
31,250
63,000
7,750
1,209,632
363,456
39,966
2,500
354
4,314

00
00
00
OO
68
53
73
00
12
75

Deposits, .
Guaranty fund,
Interest account,

$1,713,654 81
36,449 00
33,121 00

$1,783,224 81

$1,783,224 81

Cash on Deposit in Banks, amount in each: —
Wachusett National Bank, Fitchburg,...............................................................$20,000 00
Newton National Bank, N ew ton ,........................................................................
22,466 73

Detailed Statement o f Public Funds.

Par Value.

City of Lowell, Mass., 6s,
of Newton, Mass., 5s,
of Worcester, Mass., 5s, .


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Estimated
Market Value.

Amount Invested.

$6,000
50,000
5,000

$6,120 00
60,000 00
5,925 00

$6,000 00
50,000 00
5,000 00

$61,000

$72,045 00

$61,000 00

1890.]

PU B L IC D O CU M EN T — No. 8.

413

No. of

Shares.

Detailed Statement o f Bank Slocks.

Par Value.

10
50
30
25
70
24
25
15
30
6

25
3

First Nat’l Bank, Cambridge,
Commercial N’l Bank, Boston,
N’l B’k of the Commonwealth,
Boston,
.
.
.
.
Globe National Bank, Boston,
Lincoln Nat’l Bank, Boston, .
Merchandise N’l B’k, Boston,
Natick Nat’l Bank, Natick,
Newton Nat’l Bank, Newton,
Nat’l Revere Bank, Boston, .
So. Framingham Nat’l Bank,
So. Framingham,
State National Bank, Boston,
Waehusett N’l B’k, Fitchburg,
Waltham N’l Bank, Waltham,

$1,000
5,000

Estimated
Market Value.

Amount Invested.

$1,700 00
4,887 50

$1,000 00
5,000 00

3,000
2,500
7,000
2,400
2,500
1,500
3,000

5,100
2,462
8,032
1,644
3,375
1,410
3,720

00
50
50
00
00
00
00

3,000
2,500
7,000
2,400
2,500
1,500
3,000

00
00
00
00
00
00
00

25
600
2,500
225

25
726
5,000
321

00
00
00
00

25
600
2,500
225

00
00
00
00

$31,250

$38,403 50

$31,250 00

Detailed Statement o f Railroad Bonds.

Par Value.

Boston & Loweli R.R. 4s,
Fitchburg R E 7s and 5s,
Portland & Ogdensburg R R. 6s,

Estimated
Market Value.

Amount Invested.

$15,000
28,000
20,000

$15,600 00
30,210 00
23,600 00

$15,000 00
28,000 00
20,000 00

$63,000

$69,410 00

$63,000 00

Total Amount o f Loans with Each Specified Bate o f Interest, including
Deposits in Banks on Interest.

Amount.

$19,966 73
30,000 00
654,526 68

Kate.

Amount.

Kate.

Amount.

Kate.

2 per cent.
4
“
5

$119,700 00
620,396 00

5^ per cent.
5h
“

$165,066 53
3,400 00

6 per cent.
7

Value, by books, of real estate, held by foreclosure or otherwise,
Assessed value of the s a m e ,...............................................................
Number of loans which are of an amount not exceeding S3,000 each,
Aggregate amount of the s a m e , .....................................................
Total number of loans upon real estate,............................................


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

.

$7,750 00
15,000 00

242
413,157 53
307

414

[Jan.

B A N K CO M M ISSIO N ERS’ R E P O R T .

$14,794 53
Amount of investments from which no income is received, .
.
.
.
Gross amount of interest or profits received or earned, as per books,
90,546 13
during year ending Oct. 31, 1 8 8 9 , ..............................................................
29,789 56
Rate and amount of each semi-annual dividend during the ) 2 per cent., $
30,931 97
year ending Oct. 31, 1 8 8 9 , ..................................................... ) 2 per cent., I
Times for the dividends fixed by the by-laws : January 1 and July 1.
Number of accounts opened during the year ending Oct. 31, 1889,
. 824
Number of accounts closed during the year ending Oct. 31,1889,.
. 467
.
.
.
.
6,918
Total number of open accounts Oct. 31, 1889,
Expenses of the corporation for the year ending Oct. 31, 1889 (exclusive
5,824 72
of taxes),
...........................................................................................................
Amount of deposits, not including dividends, received during the year
383,484 58
ending Oct. 31, 1 8 8 9 , ........................................................................................
Number of s a m e , ................................................................................6,588
Amount of withdrawals, including dividends, during the year ending Oct.
294,302 19
31, 1889,...................................................................................................................
Number of s a m e , ............................................................................... 3,745
Date of examination by commissioner : September 3.

Classification o f Deposits received during the Year ending Oct. 3 1 ,1 8 8 9 .

Of $50 and less,
Exceeding $50, and
more than $100, .
Exceeding $100, and
more than $200, .
Exceeding $200, and
more than $500, .
Exceeding $500, and
than $1,000, .
O f $1,000 or more, .

Num­
ber.

Amount.

5,142

$100,410 67

761

60,653 00

345

52,443 91

239

84,223 64

57
44

41,753 36
44,000 00

6,588

$383,484 58

To the credit —
Of women, both adult
and minor,
O f guardians,
Of religious and char­
itable associations, .
In trust................................

not
not
not

Num­
ber.

Amount.

3,780
4

$203,160 20
921 26

41
736

2,649 29
41,390 61

less

Co m m o n w e a l t h

of

M assach u setts.
M id d l e s e x ,

ss .,

N ov . 9, 1889.

Personally appeared Susanna M. Duncklee, Treasurer of the Newton Savings Bank,
and made oath that the foregoing statement, by her subscribed, is a true and correct
statement of all the resources and liabilities of said institution, and that the answers
made by her to the foregoing interrogatories contain the whole truth in reference to the
matters to which they relate, according to her best knowledge and belief.
Before me,

B e n j a m in F. B a c o n , Justice o f the Peace.

M id d l e s e x ,

ss .,

N ov . 9, 1889.

Personally appeared Geo. Hyde, President, and Willard Marcy, James F. C. Hyde,
Jos. N. Bacon, Francis Murdock and W m. H. Brackett, trustees of said corporation,
and severally made oath that the annexed report is correct, according to their best
knowledge and belief.
B e n j . F . B a c o n , Justice 6 f the Peace.
Before me,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

1890.]

415

PU B L IC D O CU M EN T — No.

NO R TH -

N O R T H A M P T O N IN S T IT U T IO N FOR S A V IN G S
AM P TO N .
Incorporated 1842.

Present number of corporators, 16.

H . G . K n i g h t , President.

L . M a l t b y , Treasurer.

T. G . S p a u l d in g , Clerk o f the Corporation.

Names of committee charged with the investment of its funds:
L. Maltby,

Osc a r E d w a r d s,

J. S. L a t h r o p .

Open for business every business day, 9

B a l a n c e Sh e e t , O ctober

a .m .

to 3

31, 1889.

L ia b il it ie s .

A ssets.

Public funds as per schedule, .
Bank stock as per schedule,
Loans on bank stock,
Railroad bonds as per schedule,
Loan on railroad stocks, .
Railroad notes, .
.
.
.
Real estate (for banking purp o s e s ) , ....................................
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
(notes)........................................
Loans on depositors’ books,
Deposits in banks, on interest, .
Cash on hand, .
.
.
.

p .m .

$223,000
52,500
27,448
400,000
5,125
225,000

00
00
70
00
00
00

27,582
1,750
787,374
674,160

40
00
67
00

Deposits, .
Guaranty fund,
Profit and loss account, .

$2,367,500 83
110,000 00
27,302 35

10,000 00
450 00
66,818 28
3,594 13
$2,504,803 18

$2,504,803 18

Cash on Deposit in Banks, amount in each : —
Northampton National Bank, Northampton, .
.
.
.
Globe National Bank, B o s t o n , ............................................

$66,272 14
546 14

Loans on Bank Stock, amount on each : —
On
On
On
On
On
On
On

100 shares First National Bank, Easthampton,
106 shares First National Bank, Northampton,
66 shares Northampton National Bank, Northampton, .
17 shares Hampshire County National Bank, Northampton,
10 shares Ware National Bank, Ware,
.
.
.
.
5 shares Williamstown National Bank, Williamstown, .
6 shares First National Bank, Westfield, .
.
.
.

$10,000 00
8,613 70
6,600 00
800 00

1,000 00
400 00
35 00

Loan on Railroad Stock : —
On 46 shares Connecticut River Railroad,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

.

. * .

$5,125

00

416

B A N K CO M M ISSIO N ERS’ R E P O R T .

[Jan

Detailed, Statement o f Public Funds.

Par Value.

City of
of
of
of
United

Boston, Mass., 4s,
Meriden, Conn., 6s,
Meriden, Conn., 4±s, .
Milwaukee, Wis., 7s, .
States 4s,

$50,000

20,000
40,000

8,000

105,000
$223,000

Estimated
Market Value.

Amount Invested.

$56,000 00
22,000 00
44,000 00
8,800 00
133,350 00

$50,000 00
20,000 00
40,000 00
8,000 00
105,000 00

$264,150 00 $223,000 00
•

Detailed Statement o f Bank Stocks.
C
.

“

Estimated
Market Value.

& .q

29
53
15

10
81

20
27
34
26
17
17

20
20
100
16
40

Atlantic Nat’l Bank, Boston, .
Boston National Bank, Boston,
N’l B’k of Commerce, Boston,
Nat’l Exchange Bank, Boston,
First National Bank, Boston,
Merchants1N’l Bank, Boston,
N’l B’k of No. America,Boston,
Second Nat’l Bank, Boston, .
Shawmut Nat’l Bank, Boston,
State National Bank, Boston
Traders’ Nat’l Bank, Boston,
Washington N’l Bank, Boston,
Nat’l Webster Bank, Boston,
Northampton National Bank,
Northampton,
First N’l Hank, Northampton,
City Nat’l Bank, Worcester,

$4,132
6,466
1,920
1,275
19,642
2,910
3,301
5,950
3,380
2,057
1,615
2,510

00
00
00
00
00
00
00
00
00
00
00
00
2,000 00

$2,900 00
5,300 00
1,500 00
1,000 00
8,100 00
2,000 00
2,700 00
3,400 00
2,600 00
1,700 00
1,700 00
2,000 00
2,000 00

17,500 00
2,000 00
5,600 00

10,000 00

1,600
4,000
$52,500

$82,258 00

$52,500 00

$2,900
5,300
1,500

1,000
8,100
2,000
2,700
3,400
2,600
1,700
1,700

2,000
2,000
10,000

1,600 00
4,000 00

Detailed Statement of Railroad Bonds.
1

Boston & Albany R.R. 6s,
Boston & Albany R.R. 7s,
Boston & Maine R.R. 7 s ,.
Boston & Lowell R.R. 7s,
Fitchburg R R. 5s, .


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Estimated
Market Value.

$40,000
150,000
70,000
40,000

100,000
$400,000

$44,600
165,750
78,400
46,200
108,500

00
00
00
00
00

$443,450 00

$40,000
150,000
70,000
40,000

00
00
00
00
100,000 00

$400,000 00

417

P U B L IC D O CU M EN T — No. 8.

1890.]

Total Amount o f Loans with Each Specified Bate o f Interest, including
Deposits in Banks on Interest.

$546 14
66,272 14
10,000 00
175,000 00

Amount.

Rate.

Amount.

2J per cent.
3
3i
3|

$80,000 00
130,000 00
20,000 00
371,520 00

“
“

Rate.

Amount.

Rate.

4 per cent.
H
“
4|
“
4h
“

$889,883 37
6,000 00
47,155 00

5 per cent.
5è
“

6

Amount invested in real estate for banking purposes,....................................
Estimated value of the sam e,................................................................................
Assessed value of the s a m e , ................................................................................
Value, by books, of other real estate, held by foreclosure or otherwise,
.
Assessed value of the s a m e ,................................................................................
Net income received from same during year ending Oct. 31, 1889,
Number of loans which are of an amount not exceeding $3,000 each, 352
Aggregate amount of the s a m e , .......................................................................
Total number of loans upon real e s t a t e , ............................................ 369
Gross amount of interest or profits received or earned, as per books, during
year ending Oct. 31, 1 8 8 9 , ................................................................................
Rate and amount of each semi-annual dividend during the ) 2 per cent., 1
year ending Oct. 31, 1 8 8 9 , ..................................................... >2 per cent., t
Times for the dividends fixed by the by-laws: first Wednesday in April
and October.
Number of accounts opened during the year ending Oct. 31,1889,
. 883
Number of accounts closed during the year ending Oct. 31, 1889,
. 727
Total number of open accounts Oct. 31, 1889,
.
.
.
.
6,222
Expenses of the corporation for the year ending Oct. 31, 1889 (exclusive
of taxes)..................................................................................................................
Amount of deposits, not including dividends, received during the year end­
ing Oct. 31, 1889,...................................................................................................
Number of s a m e , ......................................................................................... 5,053
Amount of withdrawals, including dividends, during the year ending Oct.
31, 1 8 8 9 , ............................................................................................................
Number of s a m e ,..........................................................................................4,075
Date of examination by commissioner: July 20.

$27,582 40
27,582 40
20,000 00

1,750 00
1,325 00
115 00
503,787 02

120,570 08
43.959 05
45,011 57

6,475 84
334,490 98

313,046 93

Classification o f Deposits received during the Year ending Oct. 3 1 ,1 8 8 9 .
Num­
ber.
O f $50 and less,
Exceeding $50, and
more than $100, .
Exceeding $100, and
more than $200, .
Exceeding $200, and
more than $500, .
Exceeding $500, and
than $1,000, .
O f $1,000 or more, .

3,839

$75,017 27

593

49,345 42

301

47,123 87

207

71,499 16

69
44

45,505 26
46,000 00

5,053

$334,490 98

not
not
not
less


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Num­

Amount.

ber.
To the credit —
Of women, both adult
and minor,
Of guardians,
O f religious and char­
itable associations, .
In trust................................

Amount.

1,785
11

$125,156 20
1,862 06

22
106

4,931 09
18,236 15

418

B A N K CO M M ISSIO N ERS’ R E PO R T.

Com m onw ealth

of

[Jan.

M assa ch u setts.
H a m p s h ir e ,

ss .,

N ov . 11, 1889.

Personally appeared L.Maltby, Treasurer of tlie Northampton Institution for Savings,
and made oath that the foregoing statement, by him subscribed, is a true and correct
statement of all the resources and liabilities of said institution, and that the answers made
by him to the foregoing interrogatories contain the whole truth in reference to the
matters to which they relate, according to his best knowledge and belief.
Before me,

S. D. D r u r y , Justice o f the Peace.
H a m p s h ir e ,

ss .,

N ov . 11, 1889.

Personally appeared Horatio G. Knight, President, and Oscar Edwards, Timothy G.
Spaulding, Merritt Clark, M. M. French and Geo. P. Dickinson, trustees of said corpo­
ration, and severally made oath that the annexed report is correct, according to their
best knowledge and belief.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Before me,

S. D. D r u r y , Justice o f the Peace.

1890.]

P U B L IC D O C U M E N T — No. 8

419

N O R T H A D A M S S A V IN G S B A N K — N O R TH A D A M S .

Incorporated 1848.

Present number of corporators, 32.

C. T. S a m p s o n , President.
Y . A. W

V . A . W h i t a k e r , Treasurer.
h it a k e r ,

Clerk o f the Corporation.

Names of committee charged with the investment of its funds:
A. W . H odge,

G eo . L. R ic e ,

W . H . Gaylo rd .

Open for business every business day, 9

a .m

. to 4 p . m . ; also Saturday till 6 p . m .

B a la n c e Sh e e t , O ctober

A ssets.

Public funds as per schedule, .
Bank stock as per schedule,
Loans on bank stock,
Railroad bonds as per schedule,
Real estate (for banking purposes), ....................................
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
(notes)........................................
Deposit in bank, on interest,
Deposits in banks, not on interest,
Expense account,
Interest account,
Insurance account,
Cash on hand................................

31, 1889.

L ia b il it ie s .

$195,400 00
33,400 00
10,650 00
20,000 00
18,124
22,120
992,378
252,105

Deposits, .
Guaranty fund,
Earnings undivided,
State tax account, .

$1,704,598
44,000
15,000
2,500

61
00
00
00

11
23
34
92

185,000
6,818
8,454
637
18,349

00
21
70
03
44
210 00
2,450 63

$1,766,098 61

$1,766,098 61

Cash on Deposit in Banks, amount in each: —
National Bank of the Commonwealth, B o s t o n , .............................................$6,818 21
Adams National Bank, North A d a m s,...............................................................
5,279 08
Berkshire National Bank, North A d a m s , ......................................................
3,175 62
Loans on Bank Stock, amount on each : —
On 82 shares Adams National Bank, North A d a m s , .................................... $8,200 00
On 25 shares Pittsfield National Bank, Pittsfield,.............................................
2,450 00


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

420

[Jan

B A N K CO M M ISSIO N ERS’ R E P O R T
Detailed Statement o f Public Funds.
Estimated
Market Value.

City of Cleveland, Ohio, 7s, .
of Bangor, Me., 6s, .
of Dayton, Ohio, 4s,
of Fall River, Mass., 6s, .
of Powell, Mass., 4s,
of Lynn, Mass , 6s, .
of Norwich, Conn , 4s,
of New Bedford, Mass,, 6s,
of Providence, R. I., 5s, .
of Portland, Me., 6s,
of Cambridge, Mass., 6s,
Town of Plymouth, Mass., 4s,
of Adams, Mass., 6s,
of Woonsocket, R. I., 4s,

$25,000
5,000
20,000
11,000
10,000
1,000
25,000
1,000
18,000
5,000
5,000
36,400
3,000
30,000

$28,500
5,670
21,200
14,170
11,075
1,100
25,375
1,150
20,430
6,600
5,350
38,220
3,210
31,950

Amount Invested.

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

$25,000
5,000
20,000
11,000
10,000
1,000
25,000
1,000
18,000
5,000
5,000
36,400
3,000
30,000

00
00*
00
00
00
00
00
00
00
00*
00
00
00
00

$195,400 $214,000 00 $195,400 00
*

Legal investments when made.

No. of
Shares.

Detailed Statement o f Bank Stocks.

Par Value.

14 Lee National Bank, Lee,
250 Adams N’l Bank, No. Adams,
20 Berkshire N’l B’k, No. Adams,
50 Pittsfield N’l Bank, Pittsfield,

$1,400
25,000
2,000
5,000
$33,400

Estimated
Market Value.

$1,890
33,750
2,000
8,000

00
00
00
00

$45,640 00

Amount Invested.

$1,400
25,000
2,000
‘5,000

00
00
00
00

$33,400 00

Detailed Statement o f Railroad Bonds.

Par Value.

Fitchburg R.R. 4s, .

$20,000

Estimated
Market Value.

$19,000 00

Amount Invested.

$20,000 00

Total Amount o f Loans with Each Specified Bate o f Interest, including
Deposits in Banks on Interest.

Rate.

Amount.

$6,818 21
165,000 00

2 per cent.

4


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

“

Amount.

$67,000 00
872,712 79

Rate.

Amount.

4J per cent.
5

$315,421 47
20,000 00

Rate.

6 per cent.
7

1890.]

P U B L IC D O C U M E N T — No. 8.

421

Amount invested in real estate for banking purposes, .
$18,124 11
Estimated value of the same,.............................................
35,000 00
Assessed value of the same...........................................................
26,000 00
Net income received from same during year ending Oct. 31, 1889,
.
439 57
Value, by books, of other real estate, held by foreclosure or otherwise, .
22,120 23
Assessed value of the s a m e ,......................................................
19,350 00
Number of loans which are of an amount not exceeding $3,000 each, . 306
Aggregate amount of the s a m e , .............................................
.
.
• 335,394 26
Total number of loans upon real estate,
.
.
.
.
. 340
Amount of investments from which no income is received, .
2,000 00
Gross amount of interest or profits received or earned, as per books, during
year ending Oct. 31, 1 8 8 9 ,......................................................
84,593 44
Rate and amount of each semi-annual dividend during the ] 2 per cent., f
30,238 42
year ending Oct. 31, 1 8 8 9 ,...................................................... ) 2 per cent., 1 31,712 17
Times for the dividends fixed by the by-laws : April 1 and October 1.
Number of accounts opened during the year ending Oct. 31, 1889,
1,600
Number of accounts closed during the year ending Oct. 31, 1889,
1,533
Total number of open accounts Oct. 31, 1889,
.
.
.
.
5,452
Expenses of the corporation for the year ending Oct. 31, 1889 (exclusive
of t a x e s ) , ...........................................................................................................
7,379 72
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 8 8 9 , .........................................................................................
502,006 32
Number of s a m e , ................................................................................ 7,027
Amount of withdrawals, including dividends, during the year ending Oct.
31, 1 8 8 9 , ....................................................................... ........
442,712 71
Number of s a m e , ................................................................................
4 856
Date of examination by commissioner : March 7.

Classification o f Deposits received during the Year ending Oct. 3 1 ,1 8 8 9 .
Num­
ber.
Of $50 and less,
Exceeding $50, and not
more than $100, .
Exceeding $100, and not
more than $200, .
Exceeding $200, and not
more than $500, .
Exceeding $500, and less
than $1,000, .
Of $1,000 or more, .

Amount.

5,242 $104,100 87
888

73,001 49

429

60,672 57

295

101,002 47

88
85

61,847 81
95,381 11

To the credit —
Of women, both adult
and minor,
Of guardians,
Of religious and char­
itable associations, .
In trust, . . . .

Num­
ber.

Amount.

2,641
21

$187,764 14
2,099 63

17
64

1,887 29
24,019 85

7,027 $502,006 32

C o m m o n w e a l t h o r M a s sa c h u s e t t s .
B e r k s h ir e ,

ss .,

N o v . 9, 1889.

Personally appeared V. A. Whitaker, Treasurer of the North Adams Savings Bank,
and made oath that the foregoing statement, by him subscribed, is a true and correct state­
ment of all the resources and liabilities of said institution, and that the answers made by
him to the foregoing interrogatories contain the whole truth in reference to the matters
to which they relate, according to his best knowledge and belief.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Before me,

A. G. P o t t e r , Notary Public.

422

B A N K C O M M ISSIO N E R S’ R E PO R T.

B e r k s h ir e ,

s s .,

[Jan.

N ov. 12, 1889.

Personally appeared C. T. Sampson, President, and E. S. Wilkinson, W . H. Sperry,
W . H. Gaylord, H. T. Cady, C. H. Cutting, A. W . Hodge and G. L. Rice, trustees of
said corporation, and severally made oath that the annexed report is correct, according
to their best knowledge and belief.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Before me,

A. G. P o t t e r , Notary Public.

423

P U B L IC D O CU M ENT — No. 8

1890.]

WORTH A V E N U E S A V IN G S B A N K — CA M BR ID G E .

Incorporated 1872.
Sam uel F . W

o o d b r id g e ,

Present number of corporators, 30.
M il t o n L. W a l t o n , Treasurer.

President.

G e o r g e W . P a r k e , Clerk o f the Corporation.

Names of committee charged with the investment of its funds :
Sam uel F . W

o o d b r id g e ,

Ch a r le s F . Stra tton ,

H e n r y C. R a n d ,

J o h n J. H e n d e r s o n ,

R u s s e l l S. E

dw ar ds.

Open for business Monday, Wednesday and Saturday, 9

a .m .

to 1 p . m . ; also Satur­

day, 6 to 8 p . m .

B a l a n c e Sh e e t , O c to b er

31, 1889.
L ia b il it ie s .

A ssets.

Public funds as per schedule, .
Bank stock as per schedule,
Railroad bonds as per schedule,
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Deposits in banks, on interest, .
Cash on hand................................

$5,000
3.350
5,000
2,214
155,585
62,235
13,013
568

Deposits, .
Guaranty fund,
Earnings undivided,

00
00
00
69
00
00
93
71

$238,785 90
3,870 00
4,311 43

$246,967 33

$246,967 33

Cash on Deposit in Banks, amount in each : —
Faneuil Hall National Bank, Boston,
Howard National Bank, Boston, .

$9,108 08
3,905 85

.

Detailed Statement o f Public Funds.
Estimated
Market Value.

United States 4s,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$5,000

>,350 00

Amount Invested.

$5,000 00

B A N K CO M M ISSIO N ERS’ R E P O R T .

424

[Jan.

No. of
Shares.

Detailed Statement o f Bank Stocks.

15
20

Par Value.

First N’l Bank, Marlborough,
Blackstone N’l Bank, Boston,

Estimated
Market Value.

Amount Invested.

$1,500
2,000

$1,500 00
2,200 00

$1,350 00
2,000 00

$3,500

$3,700 00

$3,350 00

Detailed Statement o f Railroad Bonds.

Par Value.

Old Colony R.R. 4s,.
Fitchburg R.R. 5s, .

Estimated
Market Value.

Amount Invested.

$3,000
2,000

$3,240 00
2,120 00

$3,000 00
2,000 00

$5,000

$5,360 00

$5,000 00

Total Amount o f Loans with Each Specified Rate o f Interest, including
Deposits in Banks on Interest.

Amount.

Bate.

Amount.

Kate.

$3,905 85
9,108 08
41,200 00

2^ per cent.
3
“
5

$89,210 00
86,760 00
500 00

5J per cent.
6
“
6è
“

Rate.

Amount.

$150 00

7 per cent.

Value, by books, of real estate, held by foreclosure or otherwise,
.
.
Assessed value of the s a m e ,.................................................................................
Net income received from same during year ending Oct. 31,1889,
.
.
Number of loans which are of an amount not exceeding $3,000 each,. 73
Aggregate amount of the s a m e , .......................................................................
Total number of loans upon real estate,.....................................................76
Gross amount of interest or profits received or earned, as per books, during
year ending Oct. 31, 1889......................................................................................
Rate and amount of each semi-annual dividend during the j 2 per cent., f
year ending Oct. 31, 1 8 8 9 , .....................................................I 2 per cent, 1
Times for the dividends fixed by the by-laws: January 10 and July 10.
Number of accounts opened during the year ending Oct. 31, 1889,
. 230
Number of accounts closed during the year ending Oct. 31, 1889,
. 120
Total number of open accounts Oct. 31, 1889,
.
.
.
.
1,252
Expenses of the corporation for the year ending Oct. 31, 1889 (exclusive
o f t a x e s ) , ..........................................................................................................


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$2,214 69
3,700 00
175 21
95,460 00

12,021 87
3,866 83
4,155 70

2,054 83

1890.]

425

P U B L IC D O CU M ENT — No. 8.

Amount of deposits, not including dividends, received during the year end­
ing Oct. 31, 1 8 8 9 ,.................................................................................................
Number of s a m e , ............................................................................... 1,658
Amount of withdrawals, including dividends, during the year ending Oct.
31, 1889,..................................................................................................................
Number of s a m e , ....................................................................................... 822
Date of examination by commissioner: February 4.

$79,217 88

60,683 90

Classification o f Deposits received during the Year ending Oct. 3 1 ,1 8 8 9 .

Of $50 and less,
Exceeding $50, and not
more than $100, .
Exceeding $100, and not
more than $200, .
Exceeding $200, and not
more than $500, .
Exceeding $500, and less
than $1,000, .
Of $1,000 or more, .

Num­
ber.

Amount.

1,349

$22,566 20

164

13,391 69

73

11,609 81

58

19,702 23

7
7

4,947 95
7,000 00

1,658

$79,217 88

Com m onw ealth
M id d l e s e x ,

Num­
ber.
To the credit —
Of women, both adult
and minor,
Of religious and chari­
table associations, .
In trust.......................

of

Amount.

663

$32,300 49

72
62

2,200 25
5,477 '97

M assa ch u setts.
C a m b r i d g e , N ov . 16, 1889.

ss .

Personallyappeared Milton L. Walton, Treasurer of the North Avenue Savings Bank,
and made oath that the foregoing statement, by him subscribed, is a true and correct state­
ment of all the resources and liabilities of said institution, and that the answers made
by him to the foregoing interrogatories contain the whole truth in reference to the
matters to which they relate, according to his best knowledge and belief.
Before me,
M

J a b e z A. S a w y e r , Justice o f the Peace.

C a m b r i d g e , N ov . 16, 1889.

i d d l e s e x , ss .

Personally appeared Samuel F. Woodbridge, President, and Daniel Fobes, Cornelius
Dorr, John J. Henderson, Sylvanus M. Parsons, Charles F. Stratton and Russell S.
Edwards, trustees of said corporation, and severally made oath that the annexed report
is correct, according to their best knowledge and belief.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Before me,

J a b e z A. Sa w y e r , Justice o f the Peace.

426

[Jan

B A N K CO M M ISSIO N ERS’ R E PO R T.

N O R TH BR O O K FIE LD S A Y IN G S B A N K — N O R TH
BR O O K FIE LD .

Incorporated 1854.
W

m.

Present number of corporators, 31.

H . M o n t a g u e , President.

B on u m N t e , Treasurer.

B onum N t e , Clerk o f the Corporation.

Names of committee charged with the investment of its funds :
H . M ontague,

G eo. R . H a m a n t ,

L u t h e r P. D e l a n d ,

W

m.

F r a n k A. S m i t h .

Open for business every business day, 9

a .m .

B a l a n c e Sh e e t , Octo b er

p .m .

31, 1889.

L ia b il it ie s .

A ssets.

Public funds as per schedule, .
Loan on public funds,
Bank stock as per schedule,
Railroad bonds as per schedule,
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
(notes), ....................................
Deposits in banks, on interest, .
Expense account,
Cash on hand................................

to 1 p .m ., 2 to 4

$74,500 00
1,000 00
1,400 00
152,500 00
4,343 10
315,875 28
1,100 00

Deposits, .
Guaranty fund,
Profit and loss ac­
count, .

$527,051 28
24,954 05
10,446 71

2,000 00
9,134 25
102 67
496 74
$562,452 04

$562,452 04

Cash on Deposit in Banks, amount in each: —
First National Bank, W o rc ester,....................................................................... $3,272 63
Maverick National Bank, Boston,....................................................................... 5,861 62
Loan on Public Funds : —
On $1,000 United States 4 s , .......................................................................


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$1,000 00

1890.]

427

P U B L IC D O CU M EN T — No. 8.

Detailed Statement o f Public Funds.

Par Value.

City of Boston, Mass., 6s,
of Cambridge, Mass., 6 s ,.
of Cleveland, Ohio, 6s,
of Cleveland, Ohio, 5s,
of Cleveland, Ohio, 7s,
of Fort Wayne, Ind., 6s, .
of Milwaukee, Wis., 7s, .
State of New Hampshire 6s, .
City of Providence, R. I., 5s, .
of Portsmouth, N. H , 6 s,.
of Salem, Mass., 5 s ,.
of South Norwalk, Conn., 6s, .
of Springfield, Ohio, 5s, .

*

Estimated
Market Value.

00
00
00
00
00
00
00
50
00
00
00
00
00

$16,000
2,000
7,000
1,000
3,000
16,000
1,000
1,500
7,000
5,000
2,000
5,000
8,000

$18,270
2,160
7,950
1,165
3,510
18,960
1,050
1,847
8,190
5,600
2,320
5,550
8,975

$74,500

$85,547 50

Amount Invested.

$16,000
2,000
7,000
1,000
3,000
16,000
1,000
1,500
7,000
5,000
2,000
5,000
8,000

00
00
00
00
00
00
00
00
00
00*
00
00
00

$74,500 00

A legal investment when made.

No. of

Shares.

Detailed Statement o f Bank Stocks.

4
10

Par Value.

Ware National Bank, Ware, .
Eliot National Bank, Boston,

Estimated
Market Value.

Amount Invested.

$400
1,000

$490 00
1,315 00

$400 00
1,000 00

$1,400

$1,805 00

$1,400 00

Detailed Statement o f Railroad Bonds.
Estimated
Market Value.

Boston & Albany R R. 7s,
Boston & Albany R.R. 6s,
Boston & Providence R R. 7s, .
Boston & Maine R.R. 7 s,.
Boston, Clinton, Fitchburg & New
Bedford R.R. 5s, .
Boston, Winthrop & Shore R.R. 5s,
Boston & Lowell R.R. 7s,
Conn. &Passumpsic Rivers R.R. 7s,
Eastern R R. 6s,
New Bedford R.R. 7s,
Old Colony R.R. 6s,.
Old Colony R.R. 7s,
Portland & Ogdensburg R.R. 6s,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$20,000
7,000
8,000
31,000

$21,500
7,805
8,840
34,360

00
00
00
00

$20,000
7,000
8,000
31,000

5,000
5,000
9,000
10,000
27,000
5,000
8,000
2,000
15,500

5,875
5,500
9,800
11,000
34,020
5,675
9,060
2,265
18,290

00
00
00
00
00
00
00
00
00

5,000
5,000
9,000
10,000
27,000
5,000
8,000
2,000
15,500

$152,500
*

$173,990 00

A legal investment when made.

00
00
00
00
00
00
00
00
00*
00
00
00
00

$152,500 00


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

1890.]

P U B L IC DO CU M EN T — No. 8.

429

C o m m o n w e a l t h of M a s s a c h u s e t t s .
W o r c e s t e r , ss , Nov. 1, 1889.

Personally appeared Bonum Nye, Treasurer of the North Brookfield Savings Bank, and
made oath that the foregoing statement, by him subscribed, is a true and correct state­
ment of all the resources and liabilities of said institution, and that the answers made
by him to the foregoing interrogatories contain the whole truth in reference to the
matters to which they relate, according to his best knowledge and belief.
Before me,

C h a s . E. B a t c h e l l e r , Justice o f the Peace.

W o r c e s t e r , s s ., N o v . 1, 1889.

Personally appeared Chas. Duncan, Vice-President, and. Frank A. Smith, Geo. R.
Hamant, L. P. Deland, E. D. Batcheller and S. S. Edmands, trustees of said corpora­
tion, and severally made oath that the annexed report is correct, according to their best
knowledge and belief.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Before me,

C h a s . E. B a t c h e l l e r , Justice o f the Peace.

430

B A N K CO M M ISSIO N E R S’ R E P O R T .

[Jan.

WORTH E A STO N S A V IN G S B A N K — E A STO N .

Incorporated Feb. 8, 1864.

Present number of corporators, 28.

F k e d ’ k L. A m e s , President.

C h e s t e r It. F i e l d , Treasurer.

C h e s t e r It. F i e l d , Clerk o f the Corporation.

Names of committee charged with the investment of its funds :
F r e d ’k L . A m es,

Jo h n H . S w a i n ,

C yru s L othrop,

W . K . Gow ar d ,

G eorge K . D a v is .

Open for business every business day, 9

a .m

B a l a n c e Sh e e t , O c t o b e r

A ssets.

Public funds as per schedule, .
Bank stock as per schedule,
Railroad bonds as per schedule,
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
(n o te s ),....................................
Deposit in bank, on interest,
Deposit in bank, not on interest,
Expense account,
Cash on hand, .
.
.
.

. to 12 m ., 1.30 to 3 p . m .

31, 1889.

L ia b il it ie s .

$94,960
108,789
51,592
7,694
304,223
72,550

00
26
22
73
10
00

6,000
14,598
19,014
83
1,292

00
70
81
33
35

$680,798 50

Deposits, .
Guaranty fund,
Profit and loss ac­
count, .

$653,111 66
20,766 79
6,920 05

$680,798 50

Cash on Deposit in Banks, amount in each: —
National Bank of the Commonwealth, Boston................................................... $14,598 70
First National Bank, North E a s t o n , ...............................................................
19 014 81


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

1890.]

431

P U B L IC D O CU M EN T — No. 8.

Detailed Statement o f Public Funds.

Par Value.

City of Bath, Me., 6s,
of Bangor, Me., 6s, .
of Columbus, Ohio, 4s,
of Dayton, Ohio, 4s,
Town of Beverly, Mass., 4s, .
of Greenfield, Mass., 4s,
of Marlborough, Mass., 4s, .
of Montague, Mass., 4s,
of North Easton (Vill. District), Mass., 4s.,
of Randolph, Mass., 4s,
of Stoughton, Mass., 4s,

*

Estimated
Market Value.

00
00
00
00
00
00
00
00

Amount Invested.

$2,000
6,960
6,000
6,000
15,000
10,000
1,000
10,000

00*
00*
00
00
00
00
00
00

$2,000
8,000
6,000
6,000
15,000
10,000
1,000
10,000

$2,000
9,200
6,060
6,030
15,900
10,400
1,070
10,450

15,000
15,000
8,000

15,450 00
15,900 00
8,280 00

15,000 00
15,000 00
8,000 00

$96,000 $100,740 00

$94,960 00

Legal investments when made.

No. of

Shares.

Detailed Statement of Bank Stocks.

30
25
25
25
20
25
57
78
50
25
90
25
25
25
25
25
50
38
7
75
100
66
38

Par Value.

Traders1Nat’l Bank, Boston,.
Shoe & Leather N’l B’k, Boston,
Tremont Nat’l Bank, Boston,
Market Nat’l Bank, Boston, .
National Eagle Bank, Boston,
New England N’l B’k, Boston,
Nat’l Revere Bank, Boston, .
Everett Nat’l Bank, Boston, .
Shawmut Nat’l Bank, Boston,
Hamilton Nat’l Bank, Boston,
North National Bank, Boston,
Atlas National Bank, Boston,
Atlantic Nat’l Bank, Boston, .
State National Bank, Boston,
National City Bank, Boston, .
Manufacturers’ N’l B’k,Boston,
N’l Hide & Leather B’k, Boston,
Bristol Co. N’l Bank, Taunton,
Taunton Nat’l Bank, Taunton,
Neponset Nat’l Bank, Canton,
First National Bank, Easton,
Lynn National Bank, Lynn, .
N’l B’k of Redemption, Boston,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Estimated
Market Value.

00
25
50
00
00
00
00
00
00
00
00
25
50
00
00

$3,000
2,500
2,500
2,500
2,000
2,500
5,700
7,800
5,000
2,500
9,000
2,500
2,500
2,500
2,500
2,500
5,000
3,800
700
7,500
10,000
6,600
3,800

$2,850
2,356
2,837
2,500
2,060
4,075
7,068
8,034
6,500
3,125
12,510
2,956
3,562
3,025
2,375
2,628
6,000
5,709
1,015
9,768
14,000
10,560
5,111

$94,900

$120,626 87

12

00
50
00
75
00
00
00

Amount Invested.

$2,880
2,375
2,700
2,300
2,180
3,325
6,726
8,658
5,800
2,950
10,485
2,878
3,750
2,693
2,765
2,375
5,500
4,560
920
8,100
10,500
9,578
4,789

00
00
00
00
00
00
00
00
00
00
00
13
00
75
63
00
00
00
50
00
00
25
00

$108,789 26

432

B A N K C O M M ISSIO N E R S’ R E P O R T .

[Jan.

Detailed Statement o f Railroad Bonds.

Par Value.

Boston & Lowell R.R. 4s,
Old Colony R.R. 4is,
Old Colony R.R. 4s,
.
Fitchburg R.R. 5s, .
Fitchburg R.R. 4s, .

.

.

Estimated
Market Value.

$31,000
1,000
5.000
5.000
10,000

$32,240
1,090
5,450
5,425
9,600

$52,000

$53,805 00

Amount Invested.

00
00
00
00
00

$31,000
1,000
5.000
5.000
9,592

00
00
00
00
22

$51,592 22

Total Amount o f Loans with Each Specified Rate o f Interest, including
Deposits in Banks on Interest.

Amount.

$14,598 70
47,000 00
6,000 00

Kate.

2

per cent.

4

“

4h

“

Kate.

Amount.

Rate.

4| per cent.

$147,143 10
1,600 00
900 00

6 per cent.
6£ “

Amount.

$10,000 00
137,380 00
32,750 00

5

5h

“

7

Value, by books, of real estate, held by foreclosure or otherwise,
Assessed value of the same, .................................................................................
Number of loans which are of an amount not exceeding $3,000 each, . 171
Aggregate amount of the s a m e , .......................................................................
Total number of loans upon real estate,..................................................... 193
Amount of investments from which no income is received,
Gross amount of interest or profits received or earned, as per books, during
year ending Oct. 31, 1 8 8 9 , ................................................................................
Rate and amount of each semi-annual dividend during the )2 per cent., $
year ending Oct. 31, 1889, .
.
.
.
•
•
• ' 2 per cent., (
Times for the dividends fixed by the by-laws : April 15 and October 15.
Number of accounts opened during the year ending Oct. 31, 1889,
. 302
Number of accounts closed during the year ending Oct. 31,1889,
. 141
Total number of open accounts Oct. 31, 1889,
.
.
.
.
1,933
Expenses of the corporation for the year ending Oct. 31, 1889 (exclusive of
ta xes),.....................................................................................................................
Amount of deposits, not including dividends, received during the year end­
ing Oct. 31, 1889,...................................................................................................
N umber of s a m e , .......................................................................................... 1,514
Amount of withdrawals, including dividends, during the year ending Oct.
31, 1889.....................................................................................................................
Number of s a m e , ............................................................................................. 764
Date of examination by commissioner: May 21.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$7,694 737,150 00'
173,073 00
500 00
33,128 84
11,313 43
12,027 42

1,196 50
142,506 04

92,290 9&

1890.]

P U B L IC D O CU M EN T — No. 8.

433

Classification o f Deposits received during the Year ending Oct. 3 1 ,1 8 8 9 .
Num­
ber.
Of $50 and less,
Exceeding $50, and not
more than $100, .
Exceeding $100, and not
more than $200, .
Exceeding $200, and not
more than $500, .
Exceeding $500, and less
than $1,000, .
Of $1,000 or more, .

Num­
ber.

Amount.

988

$23,762 11

261

21,528 62

114

18,299 53

100

34,574 07

27
24

18,863 75
25,477 96

To the credit —
Of women, both adult
and minor,
Of guardians,
Of religious and char­
itable associations, .
In trust, . . . .

Amount.

432
3

$59,516 91
2,075 00

8
102

299 00
13,675 79

1,514 $142,506 04

C om m onw ealth

of

M a s sa c h u s e t t s .
B r is t o l ,

ss .,

N ov . 6, 1889.

Personally appeared Chester R. Field, Treasurer of the North Easton Savings Bank,
and made oath that the foregoing statement, by him subscribed, is a true and correct
statement of all the resources and liabilities of said institution, and that the answers
made by him to the foregoing interrogatories contain the whole truth in reference to
the matters to which they relate, according to his best knowledge and belief.
Before me,

G e o . W . K e n n e d y , Justice o f the Peace.

B r is t o l ,

ss .,

N ov . 6, 1889.

Personally appeared Fred’k L. Ames, President, and Oakes A. Ames, Wm. J. Twohig,
Geo. K. Davis, W . K. Goward and Geo. Barrows, trustees of said corporation, and sev­
erally made oath that the annexed report is correct, according to their best knowledge
and belief.
Before me,
G e o . W . K e n n e d y , Justice o f the Peace.


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434

B A N K CO M M ISSIO N ERS’ R E PO R T.

N O R TH EN D

[Jan

S A V IN G S B A N K — BOSTON.

Incorporated 1870.

Present number of corporators, 28.

T h o m a s L. J e n k s , President.

H e r b e r t C. W e l l s , Treasurer.

W m . C. W i l l i a m s o n , Clerk o f the Corporation.

Names of committee charged with the investment of its funds :
T h o s . L. J e n k s ,

W m . R o b in s o n ,
W m .