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PUBLIC DOCUMENT.
No. 8.
FIFTEENTH ANNUAL REPORT
Board
of
CômSï M
ô ïer s
SAYINGS BANKS.
1890.
P
a r t
II.
CO-OPERATIYE BANKS, COLLATERAL LOAN COMPANIES,
MORTGAGE LOAN AND INVESTMENT COMPANIES.
BOSTON :
W R IG H T & P O T T E R P R IN T IN G CO ., S T A T E P R IN T E R S,
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Federal Reserve Bank of St. Louis
18 Post Office Square.
1891.
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Federal Reserve Bank of St. Louis
MÔ
O f f ic e of t h e B o a r d ' o f CoaïsnS^tôîsE^s ôï* êTaV î n GS B a n k s ,
C o m m o n w e a l t h B u il d in g , B oston , Jan. 31, 1891.
lo the Honorable the Senate and House o f Representatives in General Court
assembled.
The Board of Commissioners of Savings Banks, in accord
ance with provisions of law, and by the special provisions of
chapter 126, Acts of 1890, herewith present Part II. of their
fifteenth annual report, relating to
103 Co-operative Banks, with assets of . .
2 Collateral Loan Companies, with assets
2 Mortgage Loan Companies, with assets
Total,
.
of
of
.
f 9,264,833 34
362,301 49
1,959,549 05
...........................................................................$11,586,683 88
A balance sheet of each of these institutions, showing its
financial condition Oct. 31, 1890, will be found in the succeed
ing pages.
fc* Tn g %
CO-OPERATIVE BANKS.
The increase in number of the co-operative banks has been
small as compared with the phenomenally large increase of last
year, but the increase in assets and business transacted shows
a very large, healthy and satisfactory growth.
In 1889, 27 co-operative banks commenced business, an
increase over 1888 of almost fifty per cen t; the past year but
10 new banks have been established, an increase of ten per
cent. Oct. 31, 1889, the commencement of the fiscal year,
there were 93 banks with assets of $7,106,628.77 ; Oct. 31,
1890, at its close, 103 banks with assets of $9,264,833.34,
showing an increase in assets of $2,158.,204.57, the largest
yearly increase within the history of these banks, even larger
by $500,000 than the year previous, with its growth in number
of 27 institutions.
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Federal Reserve Bank of St. Louis
VI
BANK COMMISSIONERS’ REPORT.
[Jan.
The increase in amount of monthly dues over 1889 is $745,707.33, the amount of monthly dues received during the year
is $3,352,534.61, a monthly average of $279,377.88. When
it is A'ousljkt(**l*.that*this litljgP trtnttilrfli represents the savings
of*«the* 40jGPOif«ndmbere •coMributecf otf a basis of $1 per share
per month,‘.that* ntl :oi1^€*Ine!>iber can contribute over $25 per
month, and ihaft *k* «Wrage»*but slightly rising $8 per month
for eactf jlldn1b&YOv£ £&ti:se^ : ^ y clearly and forcibly the great
advantage**ri*‘ th“e’^*rfis{itution3‘A.s public educators. Consider
ing further that ninety-two percent, of the entire assets of these
banks is invested in loans on real estate, thereby securing homes
for the members, we are forced to observe that they appear not
only as educators, teaching to save, but also the acquiring of
property, the establishing of homes, which is the surest
foundation of our government and society.
Aggregate Statement o f Liabilities and Assets Oct. 31, 1890.
A ssets.
L ia b il it ie s .
Loans on real estate, .
$8,325,922 74
Loans on shares, .
363,793 50
Permanent expense account,
15,410 40
Temporary expense account,
8,719 04
Real estate by foreclosure, .
49,833 19
City and town notes and
bonds,
. . . .
51,778 56
Sundry assets,
54,989 56
Cash on hand,
394,386 35
Dues capital,
$8,009,038 20
1,070,812 07
Profits capital (all series),
Interest, . . . .
86,006 21
7,142 74
Premiums,
.
.
Fines,
. . .
.
3,040 05
72 10
Transfer fees, .
Surplus, . . . .
25,967 15
Guaranty fund,.
27,207 37
Forfeited share account, .
4,599 27
Withdrawal profits, .
3,332 69
Forfeiture profits,
31 73
Sundry liabilities,
27,583 76
'$9,264,833 34
$9,264,833 34
From the above statement we note that for every dollar con
tributed by the members of these institutions, taken as a whole,
there stands to their credit over thirteen per centum surplus in
profits capital, which represents the earnings credited to the
shareholders.
The amount of property held under foreclosure is less than
$50,000, comparatively a small amount, but from the observa
tions of this Board larger than it ought to be, and arises in
many cases from a reaching out too far from the locality of the
banks making the loan.
The principle governing these banks is local benefit, and
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Federal Reserve Bank of St. Louis
1891.]
PUBLIC DOCUMENT — No. 8.
vii
should be to get its members and place its loans in its imme
diate locality.
When, therefore, it steps outside of this
province to transact business somewhat, if not largely, simply
for profit, or becomes engaged in developing certain property
remote from its home, it can but assume business risk and its
attendant consequences.
A reasonable limit to the growth of an institution of this kind
is an element of its strength ; therefore seeking business for
purely business profit can be looked upon but with apprehension.
From the following analytical statement some interesting
comparisons will be observed : —
Analytical Statement.
Number o f shares issued,
.
Number of shares in force,
Number o f shares withdrawn,
Number of shares pledged,
Number o f members,
.
.
.
.
Number of borrowers,
.
.
.
.
Oct. 31,1S89,
93 Banks.
Oct. 31, 1890,
103 Banks.
110,962
111,487
525
248,263
302,623
54,360
42,498
53,169
10,671
42,323
56,288
13,965
37,289
43,896
6,607
6,146
7,803
$2,606,827 28 $3,352,534 61
Amount o f dues received,
Amount o f profits credited to shares,
Total a s s e t s , ...........................................
Increase.
1,657
$745,707 33
369,625 84
477,400 50
107,774 66
7,106,628 77
9,264,833 34
2,158,204 57
FOREIGN COMPANIES.
This title is used to designate companies organized under the
laws of States other than Massachusetts, doing business after
the manner of the Co-operative Banks of this Commonwealth,
and commonly known as “ National ” Building and Loan As
sociations.
The Legislature of 1890 passed an act (chapter 310), regu
lating, and, in a degree, controlling corporations, associations or
persons chartered or empowered to transact business by the
laws of other States, and engaged in transacting business in
this Commonwealth, in the manner o f our co-operative banks.
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Federal Reserve Bank of St. Louis
viii
BANK COMMISSIONERS’ REPORT.
[Jan.
By the provisions of said act, such foreign chartered or
empowered corporations or associations are obliged to con
form to certain requirements, designed to protect and par
tially secure the citizens of this Commonwealth, patrons or
depositors in such institutions, from loss. A further purpose
was to place restrictions upon them, and still further to pro
hibit such of those corporations or associations whose plans and
methods were not satisfactory to this Board from transacting
any business whatsoever in this Commonwealth.
Under the powers of said act this Board has granted permis
sion to three such institutions to transact business, viz. : —
American Building Loan and Investment Society of Chicago, 111. ;
Minnesota Saving Fund and Investment Company of Minneapolis,
Minn. ;
Security Building and Loan Association of Minneapolis, Minn. ;
and they have conformed to all the requirements of said act.
Permission has been refused to one such institution, The
People’s Building, Loan and Savings Association of Geneva,
N. Y.
Only four formal applications have been made to this Board ;
several verbal applications were made, however, but upon learning
the full intent, purpose and requirements of the law no formal
application was made.
Action has been taken by this Board in the case o f one corpo
ration for violation of the provisions of said chapter 310, Acts
of 1890. The Railway Building and Loan Association of
Minneapolis, Minn., and its agent, was convicted in the Supreme
Judicial Court, 1890, and enjoined from further transaction of
business.
Action has also been taken, and is now pending, upon another
institution for similar violation.
Annual, or any, periodical examinations of these institutions
are not required of or made by this Board ; and to guard against
any impression becoming prevalent that these institutions or socie
ties have the same identical care, control and supervision as the
co-operative banks of our own Commonwealth, a prohibitory
clause (sect. 5) is inserted in the permission or license.
On the following page will be found the full form of permission
or license granted by this Board to such institutions : —
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Federal Reserve Bank of St. Louis
1891.]
PUBLIC DOCUMENT — No. 8.
IX
F orm of L icense.
To whom it may concern :
By virtue of the authority given to the Board of Commis
sioners of Savings Banks by the provisions of Chapter 310 of
the Acts of the Legislature of the Commonwealth of Massachu
setts for 1890, approved May 21, the * * * having depos
ited with the Treasurer and Receiver-General of this Common
wealth the requisite amount required by said chapter 310, is
hereby authorized to transact business in said Commonwealth
till the authority hereby granted is suspended or revoked, in
the manner set forth by its charter and by-laws at the date of
its application, and submitted with said application, subject to
the following conditions and restrictions : —
Conditions and R estrictions.
1st. A sworn statement of condition or balance sheet of the
assets and liabilities of said Company as per books, on the last day
of each month, shall be made to this Board of Commissioners within
fifteen days after the expiration of each month, in such form as shall
be satisfactory to said Board of Commissioners.
2d. A sworn statement in detail, giving amount transacted by
each agent, agency, local board, etc., shall be made to said Board
within ten days after the expiration of each month, showing the
aggregate amount of business transacted in this Commonwealth for
the month previous.
3d. A certified copy of the certificate received annually from the
bank examiner, and certified copies of all returns made to the State
authorities, must be made to this Board.
4th. The required fifteen per centum of all business transacted in
said Commonwealth, to be deposited with the Treasurer and ReceiverGeneral of this Commonwealth, shall be so deposited on or before the
twentieth day of each month for the business transacted in the month
previous, under the special penalty of revocation of this license.
5th. The provisions of said chapter 310 not requiring annual
examinations by this Board, the impropriety of said Association
publishing or advertising that they are under the supervision of the
Board of Commissioners of Savings Banks is apparent and is hereby
prohibited.
6th. This license or authority for transacting business in this
Commonwealth shall be published in full and furnished to each and
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Federal Reserve Bank of St. Louis
X
BANK COMMISSIONERS’ REPORT.
[Jan.
every person transacting business therewith, and may be revoked
without notice.
The amount of funds paid to the Treasurer and ReceiverGeneral of this Commonwealth, in conformity to section 2,
chapter 310, Acts of 1890, is as follows : —
American Building Loan and Investment Society of Chicago,
111 , —
First d e p o s it ,................................................... $25,000 00
Fifteen per cent, of deposits, .
.
.
.
1,591 35
--------------------$26,591 35
Minnesota Saving Fund and Investment Co. of Minneapolis,
Minn.,—
First d e p o s it ,....................................................$25,000 00
Fifteen per cent, of deposits, . . . .
1,433 84
---------------26,433 84
Security Building and Loan Association of Minneapolis,
Minn.,—
First d e p o s it,................................................... $25,000 00
Fifteen per cent, of deposits, . . . .
2,039 31
---------------27,039 31
T o t a l , ............................................................................. $80,064 50
The above deposits cover amount of business transacted to,
and including, Oct. 31, 1890.
V iolations of Chapter 310, A cts of 1890.
For want of time and opportunity, violations of the abovementioned chapter cannot be readily detected, or, if discov
ered, be attended to by members of this Board, as has been
demonstrated this past year. Some further provisions should
be made to protect our citizens under this statute. W e suggest
that it might be done by a division of the penalty imposed, a
certain portion being awarded to the complainant.
R evere Co- operative B ank .
This bank was incorporated Feb. 10, 1888, and commenced
business Feb. 16, 1888, issuing 127 shares, upon which had
been paid into the treasury, by monthly instalments, the sum
of $300.
The bank not meeting with the success anticipated, it has
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Federal Reserve Bank of St. Louis
1891.]
PUBLIC DOCUMENT — No. 8.
xi
discontinued business, and the full sum paid in by the mem
bers has been returned to them, as appears by receipts on file
in this office.
The liabilities of the bank therefore having been liquidated,
we recommend that the corporation be dissolved.
Canadian Co- operative B ank .
This bank was incorporated May 2, 1885, and commenced
business May 14, 1885.
It appears by sworn affidavits of the secretary and treasurer
o f this bank, on file in this office, that but 61 shares in all were
issued, all of which have been withdrawn and repaid to its 33
shareholders.
The affairs of the bank having been closed, and its liabilities
liquidated, we recommend that the corporation be dissolved.
MORTGAGE LOAN COMPANIES,
As has been the practice heretofore, the examinations of
these companies, mostly made by experts as permitted by
statute, have been confined to the books, accounts and securities
in their Boston offices, and have been made as thoroughly and
carefully as is possible in any company whose business is prin
cipally transacted outside this Commonwealth.
The character of the business of these companies is so
entirely dissimilar to that of any other institution under the
supervision of this Board, and it is so utterly impossible for it
to gather full and accurate information regarding their methods,
value of securities and ability to meet all their engagements,
that we renew our suggestion of last year, viz. : —
“ In view of the fact that similar companies doing business
in this Commonwealth, though chartered by other States, are
under the supervision of 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 of chapter 387 of the Acts of 1888, be placed under the
supervision of the commissioner of foreign mortgage corpora
tions.”
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Federal Reserve Bank of St. Louis
X ll
BANK COMMISSIONERS’ REPORT.
[Jan.’91.
COLLATERAL LOAN COMPANIES,
Two chartered corporations only are transacting business for
the purpose of loaning money on chattel mortgages or pledge,
— the Collateral Loan Company, Boston ; Workingmen’s Loan
Association, Boston.
The annual financial statement of each (Corporation will be
found on pages 212 and 213 respectively.
The annual examination of these companies, as allowed by
statute, has been made by an expert and in a thorough manner.
His report is on file in this office.
In accordance with legislation of 1890, the State director of
each of these companies has approved the annual statement
required to be made to this Board.
Conclusion.
The statutes governing co-operative banks and mortgage loan
and investment companies, corrected to date, will be found in
the appendix.
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Federal Reserve Bank of St. Louis
ED W ARD P. CHAPIN,
STARKES W HITON,
W ARREN E. LOCKE,
Board o f Commissioners o f Savings Banks.
ABSTRACT OF ANNUAL REPORTS
OF TH E
CO-OPERATIVE
BANKS,
S H O W IN G T H E IR
CONDITION AT CLOSE OF BUSINESS
O ctober
M ade
in
Conformity
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Federal Reserve Bank of St. Louis
to the
31, 1890.
Requirements
A cts
of
1889.
of
Chapter 159
of the
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Federal Reserve Bank of St. Louis
A C U SH N E T CO -O P ER ATIV E B A N K — N E W BEDFORD.
Incorporated Nov. 15, 1889. Commenced business Nov. 16, 1889.
Capital to be accumulated, $1,000,000.
R ufu s A . S o u l e , President.
G id eo n B. W
C h a s . R . P r ic e , Secretary.
r ig h t ,
Treasurer.
Names of security committee :
O l i v e r P. B r ig h t m a n ,
J a s p e r W. B r a l e y ,
L ot B . B a t e s .
Regular meetings Thursday following the fourth Saturday of each month.
B a l a n c e Sh e e t , O c t o b e r
A ssets.
Loans on real estate, .
Loans on shares, .
Permanent expense account,
Temporary expense aceount,
Unpaid dues,
Unpaid interest, .
Unpaid premiums,
Unpaid fines,
Cash in hands of treasurer,.
31, 1890.
L ia b il it ie s .
$12,875
465
185
10
341
14
00
00
87
05
00
82
82
13 74
3,573 05
Dues capital, . . . .
Profits capital (all series), .
Surplus,..................................
Guaranty fund,
Due on uncompleted loan, .
$17,479 35
How are shares issued, — quarterly, semi-annually or annually? Semi
annually.
Number o f shares issued during the year....................................... 1,827
Number of shares now in f o r c e , ...................................................1,651
Number o f shares now borrowed u p o n , ..........................................131
Largest number of shares held by any one member.............................. 25
Number o f shares withdrawn during the y e a r , .................................. 171
Number o f shares forfeited during the y e a r , .................................. 5
Amount of dues received during the y e a r , ...................................................
Highest premium received during the y e a r ,...................................................
Lowest premium received during the y e a r , ...................................................
Number o f members withdrawn during the year,
. . . .
21
283
Present number of members,..........................................
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Federal Reserve Bank of St. Louis
$16,231
504
8
10
725
00
63
16
56
00
$17,479 35
$16,715 00 .
19
01
4
BANK COMMISSIONERS’ REPORT.
[Jan.
. 19
Present number o f b o r r o w e r s , ...........................................
. 264
Present number of n o n - b o r r o w e r s ,..................................
. 12
Number o f loans secured by first mortgage of real estate, .
Amount o f loans secured by first mortgage of real estate, .
Number and amount of loans on shares,
. . . .
.
7
Largest loan to any one member..............................................
Smallest loan to any one member............................................
Amount of expenses of the corporation for the year ending Oct. 31, 1890,
Amount o f profits credited to shares during the year, .
Amount o f cash received during the year...............................
Amount o f cash paid during the y e a r ,..................................
Date of examination by commissioner : March 26.
$12,875
465
2,000
10
34
509
17,280
13,707
00
00
00
00
23
58
95
90
2
Dues paid in advance,
1,042
609
.
Total
Value.
1
Value per
Share.
Nov., 1889,
May, 1890,
No. of
Shares.
D ate
I ssue .
of
Series.
Reconciliation o f Share Account with Duds and Profits Capital.
$12 42
6 11
$12,941 64
3,720 99
. ■ .
T ota l,...............................................
$16,231 00
504 63
73 00
$16,735 63
Co m m o n w e a l t h
B r is t o l ,
Dues capital, as per ledger,
Profits capital (all series),
as per ledger, .
of
Total,
.
.
.
.
$16,735 63
M assach u setts.
Dec. 2, 1890.
ss .
Personally appeared Chas. R. Price, Secretary of said bank, and made oath that the
foregoing report, by him subscribed, is true.
Before me,
B r is t o l ,
M a t h e w R. H i t c h , Justice of the Peace.
Dec. 2, 1890.
ss .
Personally appearedGideon B.Wright, Treasurer of said bank, and made oath that
$13,010 of the securities, and the cash specified in theforegoingreport, by him sub
scribed, were held by him at the date thereof, and he has since received $330 in securities.
Before me,
B r is t o l ,
ss .
M a t h e w R. H it c h , Justice of the Peace.
Dec. 2, 1890.
Personally appeared Rufus A. Soule, President, and Oliver P. Brightman, Benj.
Anthony, John A. Bates, Lot B. Bates and Isaac W . Benjamin, directors of said bank,
and made oath that the above report is correct, according to their best knowledge and
belief.
Before me,
M a t h e w R. H i t c h , Justice of the Peace.
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Federal Reserve Bank of St. Louis
PUBLIC DOCUMENT — No. 8.
1891.J
AL L ST O N
CO -O P E R A TIV E B A N K — (W A R D
5
25) BOSTON.
Incorporated April 8, 1887. Commenced business April 9, 1887.
Capital to be accumulated, $1,000,000.
H o m e r R o g e r s , President.
G eo . F. T a f t , Secretary.
^
G e o . F . T a e t , Treasurer.
Names of security committee:
J a m e s 1. W
in g a t e ,
F reelo n M o r r is ,
S. W. B r o w n , Jr.
Regular meetings the first Monday of each month.
B a l a n c e S h e e t , O c t o b e r 31, 1890.
L ia b il it ie s .
A ssets.
$102,975 00
Loans on real estate, .
4,265 00
Loans on shares, .
392 00
Permanent expense account,
293 80
Temporary expense account,
123 76
Suspense account,
8,998 49
Cash in hands of treasurer,.
$107,130 00
Dues capital, .
.
.
6,751 14
Profits capital (all series),
2,267 52
Interest,..................................
207 00
Premiums,
. . . .
70 64
Fines........................................
1 50
Transfer fees...........................
103 58
Surplus....................................
378 55
Guaranty fund,
16 25
Forfeited share account,
121 87
Withdrawal profits,
$117,048 05
$117,048 05
How are shares issued, — quarterly, semi-annually or annually ? Semi
annually.
Number o f shares issued during the y e a r , .................................. 1,199
Number of shares now in f o r c e , ...................................................4,756
N um ber o f shares now b orrow ed upon,
.
.
.
.
.
.
748
Largest number o f shares held by any one member, . . .
.
25
N u m b er o f shares w ithdraw n during the year,
. . . .
1,072
Number o f shares forfeited during the y e a r , ..................................47
Amount o f dues received during the year........................................................
Highest premium received during the year......................................................
Lowest premium received during the y e a r , ...................................................
Number o f members withdrawn during the year,
.
. . .
129
Present number o f m e m b e r s , ........................................................... 517
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Federal Reserve Bank of St. Louis
$56,638 00
05
05
6
BANK COMMISSIONERS’ REPORT.
Present number of b o r r o w e r s , ...................................................
Present number o f n o n - b o r r o w e r s ,..........................................
Number of loans secured by first mortgage of real estate, .
Amount o f loans secured by first mortgage of real estate, .
Number and amount of loans on shares..........................................
Largest loan to any one m em b er,...................................................
Smallest loan to any one m e m b e r , ..........................................
Amount of expenses of the corporation for the year ending Oct. 31,
Amount of profits credited to shares during the year, .
Amount o f cash received during the y e a r , ..................................
Amount of cash paid during the year..............................................
Date o f examination by commissioner : December 23.
[Jan.
. 66
. 451
. 47
.
19
.
1890,.
$102,975
4,265
5,000
50
757
4,993
89,834
92,785
00
00
00
00
02
08
55
73
April,
July,
Jan.,
July,
Jan.,
July,
Jan.,
July,
1887,
1887,
1888,
1888,
1889,
1889,
1890,
1890,
.
.
.
.
.
1
2
3
4
5
6
7
8
527
144
519
525
1,252
752
576
461
$47
43
36
29
22
16
10
4
53
85
65
68
94
41
11
00
Total
Value.
Value per
Share.
D ate
I ssue .
of
No. of
Shares.
a
•
Senes,
j1
1
Reconciliation o f Share Account with DueÊkmd Profits Capital.
$25,048
6,314
19,021
15,582
28,720
12,340
5,823
1,844
$114,984 14
Total, .
C o m m onw ealth
ss .
Dues capital, as per ledger, $107,130 00
Profits capital (all series),
6,751 14
as per ledger, .
1,103 00
Unpaid dues,
.
.
.■
3 52
286 00
Suspense profits,
Dues paid in advance,
Su ffo lk ,
31
40
35
00
88
32
36
00
of
Total.............................. $114,984 14
M a s sa c h u s e t t s .
Noy. 13, 1890.
Personally appeared George F. Taft, Secretary of said bank, and made oath that the
foregoing report, by him subscribed, is true.
Before me,
W m . M . F a r r in g t o n , Justice of the Peace.
Su f f o l k ,
ss .
N ov . 13, 1890.
Personally appeared George F. Taft, Treasurer of said bank, and made oath that the
securities and cash specified in the foregoing report, by him subscribed, were held by
him at the date thereof.
Before me,
W m . M . F a r r in g t o n , Justice of the Peace.
Su f f o l k ,
ss .
N o v . 13, 1890.
Personally appeared Homer Rogers, President, and James I. Wingate, Geo. H.
Barnes, Freelon Morris, T. C. Ashley and Fred Hammond, directors of said bank, and
made oath that the above report is correet, according to their best knowledge and belief.
Before me,
W m . M. F a r r in g t o n , Justice of the Peace.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
1891.]
7
PUBLIC DOCUMENT — No.
A M E SB U R Y CO -O P E R A TIV E B A N K — AMESBTJRY.
Incorporated April 1, 1886. Commenced business May 1, 1886.
Capital to be accumulated, $1,000,000.
G eo . E. B a t c h e l d e e , President.
F. F. M o k r il l , Secretary pro tern;
F. F. M o r r i l l , Treasurer pro tem.
Names of security committee:
G e o . E. B a t c h e l d e e ,
W. W . H a w k e s ,
R. E. B r ig g s ,
F. F. M o r r i l l ,
A. E. T u t t l e .
Regular meetings the first Monday in each month.
B a l a n c e Sh e e t , O c t o b e r
A ssets.
Loans on real estate, .
Loans on shares, .
Unpaid interest, .
Cash in hands of treasurer,.
31, 1890.
L ia b il it ie s .
$55,990
3,670
228
5,817
00
00
05
28
$65,705 33
Dues capital, . . . .
Profits capital (all series),
Surplus,..................................
Guaranty fund,
$59,479
5,453
433
339
00
18
70
45
$65,705 33
How are shares issued, — quarterly, semi-annually or annually ? Semi
annually.
Number o f shares issued during the y e a r , .......................................... 432
Number o f shares now in f o r c e , ............................................................2,232
Number o f shares now borrowed u p o n , ........................................460
Largest number o f shares held by any one member, . . . .
25
Number of shares withdrawn during the y e a r , .................................. 489
Amount o f dues received during the y e a r , ...................................................$25,210 00
Highest premium received during the y e a r ,...................................................
15
Lowest premium received during the y e a r , ...................................................
10
. . .
.
120
N umber o f members withdrawn during the year,
Present number o f m e m b e r s , ........................................................... 323
Present number of b o r r o w e r s , ........................................................... 63
Present number o f non-borrowers,
.
.
.
. s ..
.
. 260
Number o f loans secured by first mortgage of realestate, . . .
47
Amount o f loans secured by first mortgage of real estate,
55,990 00
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
8
BANK COMMISSIONERS’ REPORT.
[Jan.*
Number and amount of loans on s h a r e s , ...........................................16
Largest loan to any one m em ber,....................................................................
Smallest loan to any one m e m b e r , ...........................................................
Amount o f expenses of the corporation for the year ending Oct. 31, 1890, .
Amount o f profits credited to shares during the y e a r,..................................
A mount of cash received during the y e a r , ...................................................
Amount of cash paid during the y e a r ,...........................................................
Date o f examination by commissioner: June 26.
$3,670
3,000
50
394
3,354
36,691
34,975
00
00
00
41
73
30
13
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
1886,
1886,
1887,
1887,
1888,
1888,
1889,
1889,
1890,
135
68
213
300
623
231
257
145
260
$61
53
46
39
32
25
18
12
6
Total
Value.
1
2
3
4
5
6
7
8
9
Value per
Share.
No. of
Shares.
D ate
I ssue .
of
Series.
Reconciliation o f Share Account with Dues and Profits Capital.
42
95
57
39
31
47
81
36
09
$8,291
3,668
9,919
11,817
20,129
5,883
4,834
1,792
1,583
70
60
41
00
13
57
17
20
40
Dues capital, as per ledger,
Profits capital (all series),
as per ledger, .
Unpaid dues,
$59,479 00
5,453 18
3,067 00
#
Dues paid in advance,
80 00
Total, .
$67,999 18
Co m m o n w e a l t h
E ssex,
of
Total,
.
.
.
.
$67,999 18
M a s sa c h u s e t t s .
Dec. 5, 1890.
ss .
Personally appeared F. F. Morrill, Secretary pro tern, of said bank, and made oath
that the foregoing report, by him subscribed, is true.
Before me,
E ssex,
C h a s . A. N a y s o n , Justice of the Peace.
Dec. 5, 1890.
ss .
Personally appeared F. F. Morrill, Treasurer pro tem. of said bank, and made oath
that the securities and cash specified in the foregoing report, by him subscribed, were
held by him at the date thereof.
Before me,
E ssex ,
C h a s . A. N a y s o n , Justice of the Peace.
Dec. 5, 1890.
ss .
Personally appeared Geo. E. Batchelder, President, and Geo. E. Batchelder, Wm. W.
Hawkes, R. E. Briggs, A. E. Tuttle and F. F. Morrill, directors of said bank, and made
oath that the above report is correct, according to their best knowledge and belief.
Before me,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
C h a s . A. N a y s o n , Justice of the Peace.
1891.]
PUBLIC DOCUMENT — No. 8.
9
A R L IN G T O N C O -O P E R A TIV E B A N K — A R L IN G T O N .
Incorporated Oct. 17, 1889. Commenced business Nov. 14, 1889.
Capital to He accumulated, $1,000,000.
G e o r g e D. M o o r e , President.
R. W a l t e r H i l l i a r d , Secretary.
W a r r e n A. P e i r c e , Treasurer.
Names of security committee:
G e o . D. M o o r e ,
0 . B. M a r s t o n ,
S y l v e s t e r S t ic k n e y .
Regular meetings the second Thursday of each month.
B a l a n c e S pieet , O c t o b e r
A ssets.
Loans on real estate, .
Loans on shares, .
Permanent expense account,
Unpaid fines,
Cash in hands of treasurer,.
31, 1890.
L ia b il it ie s .
$8,800
200
137
13
427
00
00
17
28
74
Dues capital, . . . .
Profits capital (all series), ..
Surplus,..................................
Guaranty fund,
$9,578 19
How are shares issued, — quarterly, semi-annually or annually f Semi
annually.
Number o f shares issued during the year........................................1,022
Number o f shares now in force.........................................................1,005
Number of shares now borrowed u p o n , ........................................... 7 0
Largest number of shares held by any onemember, .
.
.
.
25
Number o f shares withdrawn during the year..................................... 17
Amount o f dues received during the y e a r , ...................................................
Highest premium received during the y e a r ,...................................................
Lowest premium received during the y e a r , ...................................................
Number of members withdrawn during the year,
. . .
.
5
Present number o f m e m b e r s , ........................................................ 162
Present number o f b o r r o w e r s , .......................................................... 6
Present number of n o n - b o r r o w e r s ,................................................156
Number o f loans secured by first mortgage of real estate, . . .
5
Amount o f loans secured by first mortgage of real estate, . . . .
Number and amount o f loans on shares.................................................. 2
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$9,285
265
24
2
00
98
26
95
$9,578 19
$9,285 00
05
05
8,800 00
200 00
10
BANK COMMISSIONERS’ REPORT.
[Jan.
Largest loan to any one m em ber,....................................................................$2,400 00
50
Smallest loan to any one m e m b e r , ...........................................................
Amount of expenses of the corporation for the year ending Oct. 31, 1890, .
161
Amount of profits credited to shares during the y e a r ,..................................
265
Amount of cash received during the y e a r , ...................................................
9,736
Amount of cash paid during the y e a r ,...........................................................
9,308
Date of examination by commissioner: July 21.
00
96
98
55
81
591
414
2
Total, .
$12 38
6 10
$7,316 58
2,525 40
Dues capital, as per ledger,
Profits capital (all series),
as per ledger, .
Unpaid dues,
$9,285 00
$9,841 98
Total..............................
$9,841 98
Com m o n w ea lth
M id d l e s e x ,
ss .
i
Total
Value. !
1
Nov., 1889,
May, 1890,
Value per
Share.
No. of
Shares.
D ate
I ssue .
of
Series.
|
Reconciliation o f Share Account with Dues and Profits Capital.
of
265 98
291 00
M a s sa c h u s e t t s .
A r l in g t o n , N ov . 8, 1890.
Personally appeared R. Walter Hilliard, Secretary of said bank, and made bath that
the foregoing report, by him subscribed, is true.
Before me,
M id d l e s e x ,
ss .
J a m e s A. B a i l b y , Jr., Justice of the Peace.
A r l in g t o n , Nov. 8, 1890.
Personally appeared Warren A. Peirce, Treasurer of said bank, and made oath that
the securities and cash specified in the foregoing report, by him subscribed, were held
by him at the date thereof.
Before me,
M id d l e s e x ,
ss .
J a m e s A. B a i l e y , Jr., Justice of the Peace.
A r l in g t o n , N ov . 8, 1890.
Personally appeared Geo. D. Moore, President, and L. C. Tyler, O. B. Marston, Clias.
Gott, Sylvester Stickney and Leander D. Bradley, directors of said bank, and made
oath that the above report is correct, according to their best knowledge and belief.
Before me,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
J a m e s A. B a i l e y , Jr., Justice of the Peace.
1891.]
PUBLIC DOCUMENT — No. 8.
11
AT H O L C O -O P E R A TIV E B A N K — AT H O L .
Incorporated July 1, 1889. Commenced business July 15, 1889.
Capital to be accumulated, $1,000,000.
G eo . D. B a t e s , President.
C. F . R ic h a r d s o n , Secretary.
C. F . R ic h a r d s o n , Treasurer.
Names of security committee:
. L. C. P a r m e n t e r ,
L. B. F a y ,
A. F . T y l e r .
Regular meetings the third Monday of each month.
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.
Loans on real estate, .
Loans on shares, .
Permanent expense account,
Cash in hands of treasurer,.
31, 1890.
$9,350
845
141
3,411
00
00
08
53
Dues capital, . . . .
Profits capital (all series),
Interest,..................................
Premiums,
. . . .
F i n e s , ..................................
Surplus,..................................
Guaranty fund,
Forfeited share account,
Withdrawal profits,
$13,747 61
How are shares issued, — quarterly, semi-annually or annually ? Semi
annually.
Number o f shares issued during the year, ...........................................389
Number of shares now in f o r c e , ...................................................1,026
Number of shares now borrowed u p o n , ...........................................174
Largest number of shares held by any one member, . . . .
25
Number of shares withdrawn during the y e a r , .................................. 101
Number of shares forfeited during the y e a r , .................................. 9
Amount o f dues received during the y e a r , ...................................................
Highest premium received during the y e a r ,...................................................
Number o f members withdrawn during the year,
. . . .
24
Present number o f m e m b e r s , ............................................................201
Present number o f b o r r o w e r s , ........................................................... 20
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$13,179
287
225
6
8
9
3
00
40
32
80
89
03
50
22 22
5 45
$13,747 61
$11,127 00
35
12
BANK COMMISSIONERS’ REPORT.
Present number of n o n - b o r r o w e r s ,................................................... 181
Number o f loans secured by first mortgage of real estate, . . .
17
Amount o f loans secured by first mortgage of real estate, . . . .
Number and amount of loans on shares,
.
.
.
.
. 7
Largest loan to any one m em b er,........................................................... ........
Smallest loan to any one member,....................................................................
Amount of expenses of the corporation for the year ending Oct. 31, 1890, .
Amount of profits credited to shares during the y e a r,..................................
Amount of cash received during the y e a r , ...................................................
Amount o f cash paid during the year...............................................................
Date o f examination by commissioner : March 24.
[Jan.
$9,35000
845 00
2,000 00
25 00
1443
307 30
13,739 75
10,374 74
July, 1889,
Jan., 1890,
July, 1890,
1
2
3
662
226
138
$16 40
10 10
4 00
Total
Value.
Q)
m
Value per
Share.
D ate
I ssue .
of
No. of
Shares.
Reconciliation o f Share Account with Dues and Profits Capital.
$10,856 80
2,282 60
552 00
Dues paid in advance,
$13,179 00
T otal.................................
$13,736 40
287 40
270 00
45 00
Total, .
$13,736 40
Com m o n w ea lth
W
Duos capital, as per ledger,
Profits capital (all series),
as per ledger, .
Unpaid dues,
o r c e s t e r , ss .
of
M a s sa c h u s e t t s .
A t h o l , N ov . 18, 1890.
Personally appeared C. F. Richardson, Secretary of said bank, and made oath that
the foregoing report, by h|m subscribed, is true.
Before me,
W
o r c e s t e r , ss .
A n d r e w J. H a m il t o n , Notary Public.
A t h o l , N ov . 18, 1890.
Personally appeared C. F. Richardson, Treasurer of said bank, and made oath that
the securities and cash specified in the foregoing report, by him subscribed, were held
by him at the date thereof.
Before me,
W
o r c e s t e r , ss .
A n d r e w J. H a m il t o n , Notary Public.
A t h o l , N ov . 18, 1890.
Personally appeared Geo. D. Bates, President, and Chas. A. Bates, Chas. A. Perry,
Levi B. Fay, J. S. Paige and L. C. Parmenter, directors of said bank, and made oath
that the above 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 il t o n , Notary Public.
1891.]
PUBLIC DOCUMENT — No.
B A L D W IN S V IL L E C O -O P E R A TIV E B A N K
V IL L E .
13
B A L D W IN S -
Incorporated July 16, 1889. Commenced business July 24, 1889.
Capital to be accumulated, $1,000,000.
H . M . S m a l l , President.
G eou ge E . B r y a n t , Secretary.
G eo . E . B r y a n t , Treasurer.
Names of security committee:
G eorge Pa r t r id g e ,
E . V . M u l l e in ,
E . L. T h o m p s o n .
Regular meetings the fourth Wednesday of each month.
B a l a n c e Sh e e t , O c t o b e r
A ssets.
Loans on real estate, .
Loans on shares, .
Permanent expense account,
Temporary expense account,
Cash in hands of treasurer,.
31, 1890.
L ia b il it ie s .
$4,453
150
156
1
136
00
00
30
00
38
Dues capital, . . . .
Profits capital (all series),
Interest....................................
Premiums,
. . . .
F i n e s , ..................................
Surplus....................................
Guaranty fund,
Withdrawal profits,
$4,896 68
How are shares issued, — quarterly, semi-annually or annually? Semi
annually.
Number of shares issued during the y e a r , .......................................... 90
Number o f shares now in f o r c e , ........................................................... 335
Number of shares now borrowed upon.....................................................63
Largest number o f shares held by any one member, .
. . .
25
Number of shares withdrawn during the y e a r , .................................. 119
Amount o f dues received during the year, .
.
.
. • .
Highest premium received during the y e a r ,...................................................
Lowest premium received during the year........................................................
Number o f members withdrawn during the year,
.
.
.
.
20
Present number of members,.................................................................... 70
Present number o f b o r r o w e r s , ............................................................9
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$4,698
97
78
9
2
3
5
2
00
93
70
29
66
06
00
04
$4,896 68
$4,10S 00
15
10
14
BANK COMMISSIONERS’ REPORT.
[Jan.
Present number of n o n - b o r r o w e r s ,...................................................61
Number o f loans secured by first mortgage of real estate, .
.
.
7
Amount of loans secured by first mortgage of real estate, . . .
.
Number and amount of loans on shares,
.
.
.
.
.
.
2
Largest loan to any one m em b er,....................................................................
Smallest loan to any one member,....................................................................
Amount of expenses of the corporation for the year ending Oct. 31, 1890, .
Amount of profits credited to shares during the y e a r ,..................................
Amount of cash received during the y e a r , ...................................................
Amount of cash paid during the y e a r ,...........................................................
Date of examination by commissioner: June 12.
$4,453 00
150 00
1,000 00
50 00
6 24
109 99
4,392 80
4,489 22
July, 1889,
Jan., 1890,
July, 1890,
i
2
3
283
19
33
$16 34
10 09
4 00
s
Total
Value.
m
Value per
Share.
D ate
I ssue .
of
No. of
Shares.
Reconciliation o f Share Account with Dues and Profits Capital.
$4,624 22
191 71
132 00
Dues capital, as per ledger,
Profits capital (all series),
as per ledger, .
Unpaid dues,
$4,698 00
Total..............................
$4,966 93
97.93
171 00
19 00
Dues paid in advance,
$4,966 93
Total, .
Co m m o n w ea lth
W o k c e st e h , ss.
of
M a s sa c h u s e t t s .
Dec. 2, 1890.
Personally appeared George E. Bryant, Secretary of said bank, and made oath that
the foregoing report, by him subscribed, is true.
Before me,
W
o r c e s t e r , ss .
A sa H o s m e r , Jnstice of the Peace.
Dec. 2, 1890.
Personally appeared Geo. E. Bryant, Treasurer of said bank, and made oath that the
securities and cash specified in the foregoing report, by him subscribed, were held by
him at the date thereof.
Before me,
A sa H o s m e r , Justice of the Peace.
W
o r c e s t e r , ss .
Dec. 2, 1890.
Personally appeared H. M. Small, President, and C. A. Perley, C. H. Evans, E. L.
Thompson, F. L. Hosmer and G. A. Brooks, directors of said bank, and made oath that
the above report is correct, according to their best knowledge and belief.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Before me,
A sa H o s m e r , Justice of the Peace.
1891.J
PUBLIC DOCUMENT — No. 8.
15
B E V E R L Y C O -O P E R A T IV E B A N K — B E V E R L Y .
Incorporated Aug. 25, 1888. Commenced business Sept. 18, 1888.
Capital to be accumulated, $1,000,000.
O c t a v iu s H o w e , President.
C h a s . F . L e e , Secretary.
F r a n k l in L e a c h , Treasurer.
Names of security committee:
Sid n e y W . W
in s l o w ,
W
m.
J. B e r r y ,
Sa m u e l C o l e .
Regular meetings the third Tuesday of each month.
B a l a n c e Sh e e t , O c t o b e r
A ssets.
Loans on real estate, .
Loans on shares, .
Permanent expense account,
F in e s ,..................................
Cash in hands of treasurer,.
31, 1890.
L ia b il it ie s .
$26,050
670
80
9
3,697
00
00
85
17
53
Dues capita], . . . .
Profits capital (all series),
Interest,..................................
Premiums,
. . . .
Transfer fees...........................
Surplus,..................................
Guaranty fund,
Forfeited share account,
Withdrawal profits,
Forfeiture profits, .
$30,507 55
$28,842
1,384
46
3
61
29
122
9
5
00
74
94
90
25
98
69
74
73
58
$30,507 55
•
How are shares issued — quarterly, semi-annually or annually ?
annually.
Number o f shares issued during the year........................................
Number o f shares now in force.........................................................
Number o f shares now borrowed u p o n , ..................................
Largest number of shares held by any one member, .
Number of shares withdrawn during the year, . . . .
Number o f shares forfeited during the year,
. . .
.
Amount of dues received during the y e a r , ..................................
Highest premium received during the y e a r ,..................................
Lowest premium received during the y e a r , ..................................
Number of members withdrawn during the year.
Present number of members,
.
.
.
,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Semi. 484
1,631
. 132
. 25
. 176
. 15
.
. 44
. 285
$17,552 00
50
05
16
BANK COMMISSIONERS’ REPORT.
Present number o f b o r r o w e r s , ........................................................... 27
Present number of n o n - b o r r o w e r s , ................................................... 258
Number o f loans secured by first mortgage of real estate, . . .
21
Amount of loans secured by first mortgage of real estate,. . . .
Number and amount of loans on s h a r e s , ............................................
6
Largest loan to any one m em b er,....................................................................
Smallest loan to any one member,...................................................
40
Amount of expenses of the corporation for the year ending Oct. 31, 1890, .
Amount of profits credited to shares during the y e a r , .................
1,174
Amount o f cash received during the y e a r , ..................................
31,056
Amount o f cash paid during the y e a r ,...........................................
27,487
Date o f examination by commissioner : May 6.
[Jan.
$26,050 00
670 00
5,000 00
00
131 93
76
21
62
Sept.,
Mar.,
Sept.,
Mar.,
Sept.,
1888,
1889,
1889,
1890,
1890,
.
664
357
190
233
187
$27
20
14
8
2
49
84
38
10
00
Total
Value.
1
2
3
4
5
Value per
Share.
No. of
Shares.
D ate
I ssue .
of
Series.
Reconciliation of Share Account with Dues and Profits Capital.
$18,253
7,439
2,732
1,887
374
Dues capital, as per ledger,
Profits capital (all series),
as per ledger, .
Unpaid dues,
$28,842 00
1,384 74
513 00
53 00
Dues paid in advance,
$30,739 74
Total, .
Co m m o n w ea lth
E ssex,
36
88
20
30
00
ss.
of
Total,
.
.
.
.
$30,739 74
Massa ch u setts.
N ov . 22, 1890.
Personally appeared Chas. F. Lee, Secretary of said bank, and made oath that the
foregoing report, by him subscribed, is true.
Before me,
E ssex , ss .
J o h n M. M u r n e y , Justice of the Peace.
N ov. 22, 1890.
Personally appeared Franklin Leach, Treasurer of said bank, and made oath that the
securities and cash specified in the foregoing report, by him subscribed, were held by
him at the date thereof.
Before me,
E ssex ,
ss .
J o h n M. M u r n e y , Justice of the Peace.
N ov . 22, 1890.
Personally appeared Octavius Howe, President, and A. W. Rogers, C. H. Kilham,
Wm. J. Berry, Franklin Leach, Chas. F. Lee and H. O. Woodbury, directors of said
bank, and made oath that the above report is correct, according to their best knowledge
and belief.
J o h n M . M u r n e y , Justice of the Peaee.
Before me,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
1891.
17
PUBLIC DOCUMENT — No. 8.
BOSTON CO -O P E R A TIV E B A N K — BOSTON.
Incorporated April 30, 1888. Commenced business May 2, 1888.
Capital to be accumulated, $1,000,000.
A u g u stu s L. T h o r n d ik e , President.
E u g e n e M. S m i t h , Secretary
F r e d W. H a t c h , Treasurer.
Names of security committee:
G e o . T . B osson ,
C h a s . C. A d a m s ,
E u g e n e M. S m i t h .
Regular meetings tbe first Monday of each month.
B alan ce Sh e e t , O ctober
A ssets.
Loans on real estate, .
Loans on shares, .
Permanent expense account,
Real estate by foreclosure, .
Suspense, . . . .
Cash in hands of treasurer,.
31, 1890.
L ia b il it ie s .
$61,807
1,720
125
3,354
264
2,708
00
00
00
14
68
69
Dues capital, . . . .
Profits capital (all series),
Surplus,..................................
Guaranty fund,
Forfeited share account,
$69,979-51
How are shares issued, — quarterly, semi-annually or annually ?
annually.
Number of shares issued during the y e a r , ..................................
Number of shares now in force........................................................
Number o f shares now borrowed u p o n , ..................................
Largest number of shares held by any one member, .
Number of shares withdrawn during the year, . . . .
Number of shares forfeited during the year,..................................
Amount of dues received during the y e a r , ..................................
Highest premium received during the y e a r ,..................................
Lowest premium received during the y e a r , ..................................
Number of members withdrawn during the year,
Present number of m e m b e r s , ...................................................
Present number of b o r r o w e r s , ...................................................
Present number o f n o n - b o r r o w e r s ,..........................................
Number of loans secured by first mortgage of real estate, .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$64,826
4,739
335
70
8
00
85
32
34
00
$69,979 51
Semi1,602
3,592
. 520
. 25
. 754
2
$40,195 00
55
05
107
422
. 384
31
18
BANK CO M M ISSIO N E D ’ REPORT.
Amount of loans secured by first mortgage of real estate, .
. . .
Number and amount of loans on s h a r e s , ...........................................
7
Largest loan to any one member........................................................................
Smallest loan to any one m e m b e r , ...........................................................
Amount of expenses of the corporation for the year ending Oct. 31, 1890, .
Amount of profits credited to shares during the year, .
.
.
.
.
Amount of cash received during the y e a r , ...................................................
Amount of cash paid during the y e a r , ...........................................................
Date of examination by commissioner: November 18.
[Jan.
$61,807 00
1,720 00
5,000 00
50 00
442 39
3,578 25
50,524 92
52,750 08
May,
Nov.,
May,
Nov.,
May,
1888,
1888,
1889,
1889,
1890,
.
1
2
.
3
4
5
989
494
705
474
930
$32 84
25 81
19 01
12 45
6 12
Total
Value.
Value per
Share.
D ate
I ssue .
of
No. of
Shares.
Series.
Reconciliation o f Share Account with Dues and Profits Capital.
$32,478
12,750
13,402
5,901
5,691
Dues capital, as per ledger,
Profits capital (all series),
as per ledger, .
Unpaid dues,
$64,820 00
Total..............................
$70,627 85
4,739 85
1,062 00
404 00
Dues paid in advance,
T ota l,.
$70,627 85
Com m onw ealth
Su f f o l k ,
76
14
05
30
60
of
M assa ch u setts.
B oston , N ov . 21, 1890.
ss.
Personally appeared Eugene M. Smith, Secretary of said bank, and made oath that
the foregoing report, by him subscribed, is true.
Before me,
Su ffo lk ,
G eo. C. B osson , Justice of the Peace.
Boston , N ov . 21, 1890.
ss .
Personally appeared Fred W . Hatch, Treasurer of said bank, and made oath that the
securities and cash specified ip the foregoing report, by him subscribed, were held by
him at the date thereof.
Before me,
Su ffo lk ,
ss .
G èo. C. B osson , Justice of the Peace.
B oston , N ov . 21, 1890.
Personally appeared Augustus L. Thorndike, President, and Geo. T. Bosson, Chas. C.
Adams, J. Henry Taylor, Augustus Nickerson and Geo. D. Hall, directors of said bank,
and made oath that the above report is correct, according to their best knowledge and
belief.
Before me,
G e o . C. B osson , Justice of the Peace.
I
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
1891.]
19
PUBLIC DOCUMENT — No. 8.
B R A IN T R E E CO -O P E R A TIV E B A N K — B R A IN T R E E .
Incorporated June 24, 1889. Commenced business Oct. 15, 1889.
Capital to be accumulated, $1,000,000.
J a m e s T. S t e v e n s , President.
C h a s . B. C u m m in g s , Secretary.
C h a s . B. C u m m in g s , Treasurer
Names of security committee:
A n s e l O. C l a r k ,
F r a n c is A. H o b a r t ,
J a m e s T. S t e v e n s .
Regular meetings the third Tuesday of each month.
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.
Loans on real estate, .
Permanent expense account,
Temporary expense account,
Cash in hands of treasurer,.
31, 1890.
$7,475
121
6
10
00
39
75
42
Dues capital, .
. . .
Profits capital (all series),
Interest, .
.
.
.
Premiums,
. . . .
F i n e s , ..................................
Transfer fees, . . . .
Surplus,..................................
Guaranty fund,
Forfeited share account,
Withdrawal profits,
Forfeiture profits, .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
00
57
87
80
50
75
17 40
2 30
1 40
61
36
$7,613 56
$7,613 56
How are shares issued, — quarterly, semi-annually or annually ?
annually.
Number of shares issued during the y e a r , ..................................
Number o f shares now in f o r c e , ...................................................
Number of shares now borrowed u p o n , ..................................
Largest number o f shares held by any one member, .
Number o f shares withdrawn during the year, . . . .
Number o f shares forfeited during the year,
. . . .
Amount o f dues received during the y e a r , ..................................
Highest premium received-during the year, .
.
.
Lowest premium received during the year, .
.
N umber of members withdrawn during the year,
$7,323
94
156
8
7
Semi. 214
. 664
. 40
. 25
. 25
.
2
$6,846 00
10
05
.
10
20
BANK COMMISSIONERS’ REPORT.
. 118
Present number o f m e m b e r s , ..................................
8
Present number o f borrowers...........................................
. 110
Present number of non-borrowers,
.
. . .
8
Number of loans secured by first mortgage of real estate,
Amount o f loans secured by first mortgage of real estate,
Largest loan to any one member......................................
Smallest loan to any one member,..................................
Amount of expenses of the corporation for the year ending Oct. 31, 1890,
Amount o f profits credited to shares during the year, .
Amount of cash received during the year, .
Amount o f cash paid during the year, . . .
.
Date of examination by commissioner: December 8.
[Jan.
$7,475 00
2,000 00
200 00
37 46
97 28
7,512 28
7,978 86
Oct., 1889,
Dec., 1889,
482
71
3
111
$13 18
11 11
5 00
Total
Value.
1
2
Value per
Share.
No. of
Shares.
D ate
I ssue .
of
Series.
Reconciliation o f Share Account with Dues and Profits Capital.
$6,352 76
788 81
555 00
$7,781 57
Co m m o n w ea lth
N orfolk,
ss .
$7,323 00
y4 57
364 00
85 00
Dues paid in advance,
Total, .
Dues capital, as per ledger,
Profits capital (all series),
as per ledger, .
Unpaid dues,
of
Total,
.
.
.
.
$7,781 57
M a s sa c h u s e t t s .
N ov . 18, 1890.
Personally appeared Chas. B. Cummings, Secretary and Treasurer of said bank, and
made oath that the foregoing report, by him subscribed, is true, and that the securities
and cash specified in same were held by him at the date thereof.
Before me,
C h a r l e s A. B e l c h e r , Justice of the Peace.
N orfolk,
ss .
N ov . 18,1890.
Personally appeared James T. Stevens, President, and T. H. Dealing, W . M. Babbitt,
Warren H. Foss, A. S. Pennock and J. R. Hathawav, directors of said bank, and made
oath that the above report is correct, according to their best knowledge and belief.
Before me,
C h a r l e s A. B e l c h e r , Justice of the Peace.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
1891.]
21
PUBLIC DOCUMENT — No. 8.
CAM BR IDGE CO -O P ER ATIV E B A N K -E A S T CA M BR ID G E .
Incorporated Sept. 5, 1877. Commenced business Sept. 12, 1877.
Capital to be accumulated, $500,000.
R u fu s R . W
ade,
President.
J ohn H . P o n c e , Secretary.
J o h n L o u g h r e y , Treasurer.
Names of security committee:
G eo . S. K e e l e r ,
Jo h n L o u g h r e y ,
D a n ie l Z a p p .
Regular meetings the second Wednesday of each month.
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.
Loans on real estate, .
Loans on shares, .
Permanent expense account,
Temporary expense account,
Unpaid dues,
Unpaid interest, .
Unpaid premiums.
Unpaid fines,
Cash in hands of treasurer,.
31, 1890.
$19,085
1,200
52
121
362
158
22
21
3,104
00
00
26
32
00
99
14
93
58
$24,128 22
Dues capital, .
.
.
Profits capital (all series), .
Interest,..................................
Premiums,
. . . .
F i n e s , ..................................
Surplus, .
.
.
.
.
Guaranty fund,
Forfeited share account,
Withdrawal profits,
Sundry accounts payable,
Balance due James Kay,
Sundry balances, .
-
$20,805
2,658
424
54
24
29
42
9
63
16
00
56
35
16
63
22
01
66
95
25
07
36
$24,128 22
How are shares issued, — quarterly, semi-annually or annually ? Semi
annually.
Number of shares issued during the y e a r , .......................................... 282
Number o f shares now in f o r c e , ...............................................................660
Number o f shares now borrowed upon,
.
.
.
.
.
.
154
Largest number of shares held by any one member, .
. . .
25
Number o f shares withdrawn during the y e a r , .................................. 231
Number o f shares matured during the year............................................ H
Amount o f dues received during the y e a r , ...................................................$8,829 00
Highest premium received during the y e a r ,.................................. *
15
Lowest premium received during the y e a r , ...................................................
05
Number of members withdrawn during the year,
. . .
.
40
Present number o f m e m b e r s , ...............................................................105
Present number o f b o r r o w e r s , ................................................................ 32
Present number o f n o n - b o r r o w e r s ,........................................................ 73
Number of loans secured by first mortgage of real estate, . . .
31
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
22
BANK COMMISSIONERS’ REPORT.
[Jan.
Amount of loans secured by first mortgage of real estate, .
.
.
.
$19,085 00
Number and amount of loans on s h a r e s , ........................................... 13
1,200 00
Largest loan to any one m em b er,....................................................................
1,800 00
Smallest loan to any one member,
.
...................................................
20 00
Amount of expenses of the corporation for the year ending Oct. 31, 1890, .
381 70
Amount o f profits credited to shares during the y e a r ,.................................. 1,141 31
Amount o f cash received during the y e a r , .................................
13,405
51
Amount o f cash paid during the y e a r ,.................................................. 12,616
04
Date of examination by commissioner : October 8.
Jan., 1879,
May, 1880,
Feb., 1881,
Nov., 1881,
Mar., 1882,
July, 1883,
Oct. 1883,
Jan., 1884,
April, 1884,
July, 1884,
Jan., 1885,
April, 1885,
July, 1885,
Jan., 1886,
July, 1886,
Jan., 1887,
July, 1887,
Jan., 1888,
July, 1888,
Jan., 1889,
July, 1889,
Jan., 1890,
July, 1890,
6
11
14
17
18
23
24
25
26
27
29
30
31
32
33
34
35
36
37
38
39
40
4!
3
1
5
5
5
5
7
11
16
6
3
5
2
57
25
29
33
69
28
58
65
114
108
Total, .
$199 53
168 95
152 45
137 20
130 74
106 58
102 32
98 03
93 91
89 76
81 71
77 69
73 73
65 88
58 25
50 79
43 53
36 42
29 56
22 90
16 43
10 13
4 00
Total
Value.
Value per
Share.
No. of
Shares.
D ate
I ssue .
of
Series.
Reconciliation o f Share Account with Dues and Profits Capital.
$598 59
168 95
762 25
686 00
653 70
532 90
716 24
1,078 33
1,502 56
538 56
245 13
388 45
147 46
3,755 16
1,456 25
1,472 91
1,436 49
2,512 98
827 68
1,328 20
1,067 95
1,154 82
432 00
Dues capital, as per ledger,
Profits capital (all series),
as per ledger, .
$20,805 00
$23,463 56
Total..............................
$23,463 56
Co m m o n w ea lth
M id d l e s e x ,
ss .
of
2,658 56
M assach u setts.
Dec. 5, 1890.
Personally appeared John H. Ponce, Secretary of said bank, and made oath that the
foregoing report, by him subscribed, is true.
Before me,
M id d l e s e x ,
ss.
F e l i x C o n l a n , Justice of the Peace.
Dec. 5, 1890.
Personally appeared John Loughrey, Treasurer of said bank, and made oath that the
securities and cash specified in the foregoing report, by him subscribed, were held by
him at the date thereof.
Before me,
M id d l e s e x ,
ss .
F e l i x C o n l a n , Justice of the Peace.
Dec. 5, 1890.
Personally appeared Rufus R. Wade, President, and John P. McCormick, Maurice
H. Adams, Geo. S. Keeler, George Ulmer and Patrick H. Dunn, directors of said bank,
and made oath that the above report is correct, according to their best knowledge and
belief.
F e l i x C o n l a n , Justice of the Peace.
Before me,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
1891 .]
23
PUBLIC DOCUMENT — No. 8
CAM PELLO CO -O P ER ATIV E B A N K — BROCKTON.
Incorporated Oct. 3, 1877. Commenced business Oct. 8, 1877.
Capital to be accumulated, $1,000,000.
G e o r g e E. K
e it h ,
President.
W
W
arren
arren
T. C o p e l a n d , Secretary.
T. C o p e l a n d , Treasurer.
Names of security committee:
J o h n A. H o w a r d ,
N a t h a n H. W
ashburn,
C h a r l e s H. C o l e .
Regular meetings the second Monday of each month.
B alance Sheet , October 31, 1890.
L ia b il it ie s .
A ssets.
✓
$218,450 00
Loans on real estate, .
7,950 00
Loans on shares, .
Permanent expense account,
175 00
160 26
Temporary expense account,
1,000 00
Mortgage...............................
20 50
F in e s ,..................................
15,208 43
Cash in hands of treasurer,.
$203,379 00
Dues capital, . . . .
37,936 40
Profits capital (all series),
770 50
Interest....................................
190 44
Premiums,
. . . .
1 75
Transfer fees, . . . .
199 76
Surplus,..................................
352 00
Guaranty fund,
134 34
Withdrawal profits,
$242,964 19
How are shares issued, — quarterly, semi-annually or annually ? Semi
annually.
Number o f shares issued during the y e a r , ..................... 3,024
Number o f shares now in f o r c e , ...................................... 7,768
Number of shares now borrowed u p o n , ..................... 1,319
Largest number o f shares held by any one member,.
.
.
.
25
Number of shares withdrawn during the year,.
. . .
1,324
Number of shares retired during the y e a r , ..............................................299
Number of shares matured during the y e a r , ....................................... 26
Amount o f dues received during the y e a r , .................................. ........
Highest premium received during the y e a r ,...................................................
Lowest premium received during the year........................................................
Number o f members withdrawn during the year,
.
.
.
.
125
Present number o f m e m b e r s , ...............................................................878
Present number of borrowers,
............................................................... 181
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$242,964 19
$82,644 00
25
25
24
BANK COMMISSIONERS’ REPORT.
[Jan.
Present number o f n o n - b o r r o w e r s ,................................................... 697
Number of loans secured by first mortgage of real estate, .
.
. 161
Amount of loans secured by first mortgage of real estate, . . .
.
$218,450 00
22
7,950 00
Number and amount of loans on s h a r e s , ..........................................
Largest loan to any one member, ....................................................................
3,600 00
Smallest loan to any one member,....................................................................
50 00
Amount of expenses of the corporation for the year ending Oct. 31, 1890, .
1,119 68
Amount of profits credited to shares during the y e a r ,.................................. 16,310 32
Amount of càsh received during the y e a r , ..................................
176,643
49
Amount of cash paid during the y e a r ,..........................................
166,876
00
Date of examination by commissioner : March 28.
Oct., 1880,
Oct., 1881,
Oct., 1882,
Oct., 1883,
Oct., 1884,
Oct., 1885,
Aprii, 1886,
Oct., 1886,
Aprii, 1887,
Oct., 1887,
Aprii, 1888,
Oct., 1888,
Aprii, 1889,
Oct., 1889,
Aprii, 1890,
Oct., 1890,
.
4
5
.
.
.
.
.
.
.
.
.
.
6
7'
8
9
10
11
12
13
14
15
16
17
18
19
.
.
.
32 $181 01
36
155 95
210
133 01
257
111 81
308
92 14
221
73 86
125
65 30
279
57 01
359
49 06
329
41 40
388
34 01
609
26 91
909
20 06
1,185
13 47
1,162
7 12
1,359
1 00
Total
Value.
Value per
Share.
Shares.
D ate
O F IS S U E .
N o. of
Series.
Reconciliation o f Share Account with Dues and Profits Capital.
$5,792 32
5,614 20
27,932 10
28,735 17
28,379 12
16,323 06
8,162 50
15,905 79
17,612 54
13,620 60
13,195 88
16,388 19
18,234 54
15,961 95
8,273 44
1,359 00
Dues paid in advance,
668 00
Total, .
$242,158 40
Co m m o n w e a l t h
P lym outh,
Dues capital, as per ledger, $203,379 00
Profits capital (all series),
as per ledger, .
37,936 40
Unpaid dues,
843 00
ss.
of
Total.............................. $242,158 40
M assach u setts.
B r o c k t o n , N ov . 15, 1890.
Personally appeared Warren T. Copeland, Secretary of said bank, and made oath that
the foregoing report, by him subscribed, is true.
Before me,
P lymouth,
ss.
I r a A. L e a c h , Justice of the Peace.
B r o c k t o n , N ov . 15, 1890.
Personally appeared Warren T. Copeland, Treasurer of said, bank, and made oath
that the securities and cash specified in the foregoing report, by him subscribed, were
held by him at the date thereof.
Before me,
P lym outh ,
ss .
I r a A. L e a c h , Justice of the Peace.
B r o c k t o n , N ov . 15, 1890.
Personally appeared G. E. Keith, President, and Preston B. Keith, J. A. Howard,
Chas. H. Cole, Damon Kingman and Arthur L. Copeland, directors of said bank, and
made oath that the above report is correct, according to their best knowledge and belief.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Before me,
I r a A. L e a c h , Justice of the Peace.
1891.]
25
PUBLIC DOCUMENT — No. 8.
CITIZEN’S’ CO -O P ER ATIV E B A N K — H A V E R H IL L .
Incorporated Aug. 22, 1887. Commenced business Sept. 12, 1887.
Capital to be accumulated, $1,000,000.
G eo . H. C a r l e t o n , President.
J a m e s W . G o o d w in , Secretary.
J a m e s W . G o o d w in , Treasurer.
Names of security committee:
J o sh u a M. S t o v e r ,
G eo . M. G o o d w in .
J o h n A. G a l e ,
Regular meetings the second Monday of each month.
B a l a n c e S h e e t , O c t o b e r 31, 1890.
L ia b il it ie s .
A ssets.
Loans on real estate, . ' .
Loans on shares, .
Temporary expense account,
Cash in hands of treasurer,.
$36,452
50
80
1,476
00
00
00
46
$38,058 46
Dues capital, . . . .
Profits capital (all series),
Interest,..................................
Premiums,
. . . .
F i n e s , ..................................
Surplus,..................................
Guaranty fund,
Forfeited share account,
Withdrawal profits, • .
Forfeiture profits, .
Advance dues,
$34,958 00
2,483 65
168 21
5 86
1 08
116 93
42 31
194 95
11 27
1 20
75 00
$38,058 46’
How are shares issued, — quarterly, semi-annually or annually? Semi
annually.
Number o f shares issued during the y e a r , ...........................................981
Number o f shares now in f o r c e , ...................................................1,909
Number of shares now borrowed u p o n , .......................................... 228
Largest number o f shares held by any one member, .
.
.
.
25
Number of shares withdrawn during the y e a r , .................................. 502
Number o f shares forfeited during the y e a r , .................................. 15
Amount of dues received during the y e a r , ................................................... $18,237 00
Highest premium received during the y e a r ,...................................................
10
Number o f members withdrawn during the year,
.
. . .
36
Present number of members,....................................................................230
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Federal Reserve Bank of St. Louis
26
BANK COMMISSIONERS’ REPORT.
Present number o f b o r r o w e r s , ...................................................
Present number of non-borrowers,
.
. x.
Number o f loans secured by first mortgage of real estate, .
Amount o f loans secured by first mortgage of real estate, .
Number and amount of loans on s h a r e s , ..................................
Largest loan to any one m em ber,...................................................
Smallest loan to any one member,...................................................
Amount of expenses of the corporation for the year ending Oct. 31,
Amount o f profits credited to shares during the year, .
Amount o f cash received during the year........................................
Amount of cash paid during the y e a r ,...........................................
Date of examination by commissioner : September 26.
[Jan.
. 26
. 204
. 25
1
1890, .
$36,452
50
4,000
50
156
1,651
27,618
28,663
00
00
00
00
84
71
50
29
Sept.,
April,
Oct.,
April,
Oct.,
April,
Oct.,
1887,
1888,
1888,
1889,
1889,
1890,
1890,
.
.
.
.
.
.
463
140
7
210
167
170
301
458
$41 49
33 30
26 48
19 84
13 38
7 10
1 00
Total
Value.
1
2
3
4
5
6
Value per
Share.
No. of
Shares.
D ate
I ssue .
of
Series.
Reconciliation o f Share Account with Dues and Profits Capital.
$19,209
4,662
5,560
3,313
2,274
2,137
458
87
00
80
28
60
10
00
Dues capital, as per ledger,
Profits capital (all series),
as per ledger, .
Unpaid dues,
.
.
.
$35,033 00
2,483 65
174 00
75 00
Dues paid in advance,
$37,690 65
Total, .
Co m m o n w ea lth
E ssex,
•
of
Total,
.
.
.
.
$37,690 65
M assach u setts.
Oct. 31, 1890.
ss .
Personally appeared James W . Goodwin, Secretary of said bank, and made oath that
the foregoing report, by him subscribed, is true.
Before me,
E ssex,
ss .
I k a A . A b b o t t , Justice of the Peace.
Oct. 31, 1890.
Personally appeared James W . Goodwin, Treasurer of said bank, and made oath that
the securities and cash specified in the foregoing report, by him subscribed, were held
by him at the date thereof.
Before me,
I b a A. A b b o t t , Justice of the Peace.
E ssex ,
ss .
Oct. 31, 1890.
Personally appeared Geo. H. Carleton, President, and D. T. Kennedy, Joshua M.
Stover, Edgar 0. Bullock, W. W . Spaulding and G. A. Greene, directors of said bank,
and made oath that the above report is correct, according to their best knowledge and
belief.
J a m e s W . G o o d w in , Justice of the Peace.
Before me,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
27
PUBLIC DOCUMENT — No. 8
1891.]
C IT Y C O -O P E R A TIV E B A N K — H O LY O K E .
Incorporated July 16, 1889. Commenced business July 23, 1889.
Capital to be accumulated, $1,000,000.
D id a c e S a in t e -M a r i e , President.
P ie r r e B o n v o u l o ik , Secretary.
P ie r r e B o n v o u l o ir , Treasurer.
Names o f security committee:
A
m ede
F. G in g r a s ,
J o se p h B e a u c h e m in ,
Jo h n S t . J o h n .
Regular meetings the fourth Tuesday of each month.
B alance Sheet , October 31, 1890.
L ia b il it ie s .
A ssets.
Loans on real estate, .
Loans on shares, .
Permanent expense account,
Temporary expense account,
Unpaid dues,
Cash in hands of treasurer,.
$9,700
90
122
12
53
6
00
00
62
25
00
70
$9,984 57
Dues capital, . . .
Profits capital (all series), .
Interest,..................................
F i n e s , ..................................
Guaranty fund,
Withdrawal profits,
Dues paid in advance, .
$9,618
153
146
12
6
1
46
00
36
51
30
74
66
00
$9,984 57
How are shares issued, — quarterly, semi-annually or annually ? Semi
annually.
Number o f shares issued during the y e a r , ..............................................412
Number o f shares now in f o r c e , ...............................................................765
Number o f shares now borrowed u p o n , ................................................60
Largest number o f shares held by any one member, .
.
.
.
25
Number of shares withdrawn during the y e a r , ......................................119
Amount o f dues received during the y e a r , ................................................... $8,424 00
Number o f members withdrawn during the year,
. . .
.
41
Present number o f m e m b e r s , ...............................................................206
Present number o f borrowers...........................................................................9
Present number of n o n - b o r r o w e r s ,.......................................................197
Number of loans secured by first mortgage of real estate, . . .
8
Amount o f loans secured by first mortgage of real estate, .
.
.
.
9,700 00
Number and amount of loans on s h a r e s , ...........................................
1
90 00
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
28
BANK COMMISSIONERS’ REPORT.
[Jan.
Largest loan to any one member........................................................................$2,000 00
Smallest loan to any one member,....................................................................
90 00
Amount of expenses of the corporation for the year ending Oct. 31, 1890, .
22 29
Amount of profits credited to shares during the y e a r,..................................
162 00
Amount of cash received during the y e a r , ............................................................. 9,314 57
Amount o f cash paid during the y e a r ,............................................................
10,983 77
Date o f examination by commissioner : January 18.
July, 1889,
Jan., 1890,
July, 1890,
412
269
84
Total, .
$16 32
10 08
4 00
Total
Value.
1
2
3
Value per
Share.
No. of
Shares.
D ate
I ssue .
of
Series.
Reconciliation o f Share Account with Rues and Profits Capital.
$6,723 84
2,711 52
336 00
Dues capital, as per ledger,
Profits capital (all series),
as per ledger, .
$9,618 00
$9,771 36
Total..............................
$9,771 36
Comm onw ealth
H am pden,
ss .
of
153 36
M a s sa c h u s e t t s .
N o v . 10, 1890.
Personally appeared Pierre Bonvouloir, Secretary of said bank, and made oath that
the foregoing report, by him subscribed, is true.
Before me,
Ham pden,
ss .
O r p h i r E. G e n e st , Justice of the Peace.
N ov . 10, 1890.
Personally appeared Pierre Bonvouloir, Treasurer of said bank, and made oath that
the securities and cash specified in the foregoing report, by him subscribed, were held
by him at the date thereof.
Before me,
Ham pden,
ss .
O r p h i r E. G e n e st , Justice of the Peace.
N ov . 10, 1890.
Personally appeared Didace Sainte-Marie, President, and Daniel Proulx, A. F. Gingras,
J. B. Laroche, Joseph Beauchemin, A. H. Perrault and John St. John, directors o f said
bank, and made oath that the above report is correct, according to their best knowledge
and belief.
O r p h i r E. G e n e s t , Justice of the Peace.
Before me,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
1891.]
29
PUBLIC DOCUMENT — No. 8.
C L IN T O N C O -O P E R A TIV E B A N K — CLIN TO N .
Incorporated Sept. 23, 1887. Commenced business Oct. 20, 1887.
Capital to be accumulated, $1,000,000.
D a n ’ l B. I n g a l l s , President.
H a r b y D . C a r t e r , Secretary.
T h o s . S. D a v i s , Treasurer.
Names of security committee :
C h a 8. A. V
G e o . P. F r e n c h ,
L y m a n L e ig h t o n .
ic k e r y ,
Regular meetings the third Thursday of each month.
B alance Sheet , October 31, 1890.
A ssets.
Loans on real estate, .
Loans on shares, .
Permanent expense account,
Temporary expense account,
Suspense account,
Cash in hands o f treasurer,.
Cash in hands o f secretary,.
L ia b il it ie s .
$45,300
805
300
24
306
342
127
00
00
00
13
02
20
59
Dues capita], .
. . .
Profits capital (all series),
Interest.....................................
Fines........................................
Surplus,..................................
Guaranty fund,
Forfeited share account,
Withdrawal profits,
Advance dues,
$47,204 94
How are shares issued, — quarterly, semi-annually or annually ? Semiannually.
. 860
Number o f shares issued during the y e a r , ..................................
2,388
Number o f shares now in f o r c e , ...................................................
. 320
Number of shares now borrowed u p o n , ..................................
. 25
Largest number o f shares held by any one member, .
. 615
Number o f shares withdrawn during the year, .
. . .
.
Amount o f dues received during the y e a r , ..................................
Highest per centum of interest received during the year: 8|.
Lowest per centum of interest received during the year: 6.
. 114
Number of members withdrawn during the year,
Present number o f m e m b e r s , ...................................................
. 357
. 44
Present number of b o r r o w e r s , ...................................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$43,902
2,817
238
5
53
98
5
27
57
00
84
35
04
55
15
74
27
00
$47,204 94
$27,286 00
30
BANK COMMISSIONERS’ REPORT.
Present number o f n o n - b o r r o w e r s ,................................................... 313
Number o f loans secured by first mortgage of real estate, . . .
40
Amount o f loans secured by first mortgage of real estate,
.
.
.
.
Number and amount of loans on s h a r e s , ........................................... 11
Largest loan to any one member........................................................................
Smallest loan to any one m e m b e r , ...........................................................
Amount of expenses of the corporation for the year ending Oct. 31, 1890,.
2,247
Amount o f profits credited to shares during the year.....................
Amount of cash received during the y e a r , ...................................
31,528
35,091
Amount o f cash paid during the y e a r ,............................................
Date o f examination by commissioner: September 11.
[Jan.
$45,300 00
805 00
4,000 00
50 00
320 80
52
56
62
Oct.,
April,
Oct.,
April,
Oct.,
April,
Oct.,
1887,
1888,
1888,
1889,
1889,
1890,
1890,
1
2
3
4
5
6
7.
.
.
.
.
.
.
.
373
226
246
419
446
418
260
$40
33
26
19
13
7
1
61
44
52
83
36
09
00
Total
Value.
Value per
Share.
Shares.
D ate
I ssue .
of
No. of
Series.
Reconciliation o f Share Account with Dues and Profits Capital.
$15,147
7,557
6,523
8,308
5,958
2,963
260
$46,719 84
Total, .
Com m o n w ea lth
W
53
44
92
77
56
62
00
o r c e s t e r , ss .
of
Dues capital, as per ledger, ' $43,902 00
Profits capital (all series),
as per ledger, .
2,817 84
Total,
.
.
.
.
$46,719 84
M a s sa c h u s e t t s .
N ov . 10, 1890.
Personally appeared Harry D. Carter, Secretary of said bank, and made oath that the
foregoing report, by him subscribed, is true.
Before me,
W
o r c e s t e r , ss .
J o h n T. D a m e , Justice of the Peace.
N ov . 10, 1890.
Personally appeared Thos. S. Davis, Treasurer of said bank, and made oath that the
securities and cash specified in the foregoing report, by him subscribed, were held by
him at the date thereof.
Before me,
W
o r c e s t e r , ss .
J o h n T. D a m e , Justice of the Peace.
Nov. 10, 1890.
Personally appeared Daniel B. Ingalls, President, and C. A. Vickery, Walter R.
Dame, Geo. A. Heighway, Henry Greenwood and E. C. Sherman, directors of said
bank, and made oath that the above report is correct, according to their best knowledge
and belief.
J o h n T. D a m e , Justice of the Peace.
Before me,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
31
PUBLIC DOCUMENT — No. 8.
1891.]
D E A N C O -O P E R A T IV E B A N K — F R A N K L IN .
Incorporated June 15, 1889. Commenced business July 2, 1889.
Capital to be accumulated, $1,000,000.
J a m e s P. R a y , President.
C . E . G r i f f i n , Secretary.
C l a r e n c e E . G r i f f i n , Treasurer.
Names of security committee:
W
m.
E . N ason,
John A . W
aterm an,
E u g e n e N. T h a i n .
Regular meetings the first Tuesday o f each month.
B a l a n c e S h e e t , O c t o b e r 31, 1890.
L ia b il it ie s .
A ssets.
Loans on real estate, .
Loans on shares, .
Permanent expense account,
Temporary expense account,
Cash in hands of treasurer,.
$5,450
100
262
26
1,007
00
00
80
39
10
$6,846 29
Dues capital............................
Profits capital (all series),
Interest,..................................
Premiums,
. . .
.
F i n e s , ..................................
Transfer fees, . . . .
Guaranty fund,
Withdrawal profits,
00
89
49
11
06
25
2 02
2 47
$ 6 ,6 5 7
63
109
8
3
$ 6 ,8 4 6 29
How are shares issued, — quarterly, semi-annually or annually ? Semi
annually.
.
Number of shares issued during the year, ................................................72
Number o f shares now in force, .
460
Number of shares now borrowed upon,................................................... 39
Largest number of shares held by any one member, . . . .
20
Number of shares withdrawn during the year, .
.
.
.
.119
Amount of dues received during the y e a r , ................................................... $5,801 00
Highest per centum of interest received during the year: 6£.
Lowest per centum of interest received during the year: 6|.
Number of members withdrawn during the year................................... 31
Present number of members........................................................................... 93
Present number o f b o r r o w e r s , ...........................................
7
Present number of n o n - b o r r o w e r s ,........................................................ 86
Number o f loans secured by first mortgage of real estate, . . .
6
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
32
BANK C O M M ISSIO N E D ’ REPORT.
Amount of loans secured by first mortgage of real estate, . . .
.
Number and amount of loans on s h a r e s , ...................................
2
Largest loan to any one m em b er,....................................................................
Smallest loan to any one member,...................................................
50
Amount of expenses of the corporation for the year ending Oct. 31, 1890, .
Amount of profits credited to shares during the y e a r , .................
63
6,256
Amount of cash received during the y e a r , ..................................
Amount of cash paid during the year..............................................
6,107
Date of examination by commissioner: September 4.
[Jan.
$5,450 00
100 00
1,400 00
00
50 92
89
71
48
July, 1889,
Oct., 1889,
Jan., 1890,
July, 1890,
392
17
45
4
6
$16
13
10
4
16
11
03
00
Total
Value.
1
2
3
Value per
Share.
No. of
Shares.
D ate
I ssue .
of
Series.
Reconciliation o f Share Account with Dues and Profits Capital.
$6,334
78
170
180
Dues paid in advance,
Dues capital, as per ledger,
Profits capital (all series),
as per ledger, .
Unpaid dues,
$6,657 00
Total..............................
$6,793 89
63 89
73 00
30 00
Total, .
$6,793 89
Co m m o n w e a lth
N orfolk,
72
66
51
00
of
M a s sa c h u s e t t s .
ss .
N ov . 5, 1890.
Personally appeared Clarence E. Griffin, Secretary of said bank, and made oath that
the foregoing report, by him subscribed, is true.
Before me,
N orfolk,
W
il l ia m
ss .
R o c k w o o d , Justice of the Peace.
N ov . 5, 1890
Personally appeared Clarence E. Griffin, Treasurer of said bank, and made oath that
the securities and cash specified in the foregoing report, by him subscribed, were held
by him at the date thereof.
Before me,
N orfolk,
W
il l i a m
ss .
R o c k w o o d , Justice of the Peace.
N ov . 10, 1890.
Personally appeared James P. Ray, President, and L. W. Milliken, Wm. E. Nason,
Wm. A. WyckofF, J. A. Waterman and E. N. Thain, directors of said bank, and made
oath that the above 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 i a m
R o c k w o o d , Justice of the Peace.
33
PUBLIC DOCUMENT — No. 8.
1891.]
D E D H A M CO -O P E R A TIV E B A N K — D E D H A M .
Incorporated Feb. 11, 1886. Commenced business Feb. 18, 1886.
Capital to be accumulated, $1,000,000.
F. F. F a v o r , President.
A. F. G il e s , Secretary.
T h om a s P. M u r r a y , Treasurer.
Names of security committee :
W
m.
G.
W are,
John W
O. W . WlTHINGTON.
ardle,
Jr.,
Regular meetings the third Tuesday of each month.
B alance Sheet , October 31, 1890.
L ia b il it ie s .
A ssets.
Loans on real estate, .
Loans on shares, .
Permanent expense account,
Interest unpaid, .
Premium unpaid,
Fines unpaid,
Cash in hands of treasurer,.
$12,225
1,835
141
15
00
00
51
00
90
3 40
1,273 20
Dues capital, . . . .
Profits capital (all series),
Surplus,..................................
Guaranty fund,
Forfeited share account,
$15,494 0L
How are shares issued, — quarterly, semi-annually or annually ? Semiannually.
Number of shares issued during the year, .
. 237
. 619
Number o f shares now in force, . . . .
. 160
Number o f shares now borrowed upon,
. 25
Largest number o f shares held by any one member,
. 121
Number of shares withdrawn during the year,
Amount o f dues received during the year, .
Highest premium received during the year, .
•
Lowest premium received during the year, .
. 24
Number of members withdrawn during the year,
. 123
Present number o f members,
. . . .
. 24
Present number of borrowers,
. . . .
. 99
.
Present number of non-borrowers,
. 14
Number of loans secured by first mortgage of real estate, .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$14,130
1,335
1
21
6
00
11
15
17
58
$15,494 01
$6,749 00
15
05
34
BANK COMMISSIONERS’ REPORT.
Amount of loans secured by first mortgage of real estate, .
. . .
Number and amount of loans on s h a r e s , ........................................... 15
Largest loan to any one m em ber,....................................................................
Smallest loan to any one m e m b e r , ............................................................
Amount o f expenses of the corporation for the year ending Oct. 31, 1890, .
Amount o f profits credited to shares during the y e a r ,..................................
Amount of cash received during the y e a r , ..................................
7,685
8,067
Amount of cash paid during the y e a r ,..........................................
Date o f examination by commissioner: June 11.
[Jan.
$12,225 00
1,835 00
1,800 00
40 00
124 70
706 26
67
06
Feb.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
1886,
1886,
1886,
1887,
1887,
1888,
1888,
1889,
1889,
1890,
.
67
17
20
12
22
68
23
169
41
180
$65
61
54
46
39
32
25
18
12
6
70
86
40
65
38
31
47
82
36
09
Total
Value.
1
2
3
4
5
6
7
8
9
10
Value per
Share.
No. of
Shares.
D ate
I ssue.
of
Series.
Reconciliation o f Share Account with Dues and Profits Capital.
$4,401
1,051
1,088
559
866
2,197
585
3,180
506
1,096
Dues capital, as per ledger,
Profits capital (all series),
as per ledger, .
Unpaid dues,
$14,130 00
1,335 11
90 00
21 00
Dues paid in advance,
$15,555 11
Total, .
Co m m o n w e a l t h
N orfolk,
90
62
00
80
36
08
81
58
76
20
ss .
of
Total,
.
.
.
.
$15,555 11
M assach u setts.
N ov . 18, 1890.
Personally appeared A. F. Giles, Secretary o f said bank, and made oath that the
foregoing report, by him subscribed, is true.
Before me,
N orfolk,
ss .
H e n r y S m i t h , Justice of the Peace.
N ov . 18, 1890.
Personally appeared Thos. P. Murray, Treasurer of said bank, and made oath that
the securities and cash specified in the foregoing report, by him subscribed, were held
by him at the date thereof.
Before me,
N orfolk,
ss .
H e n r y S m it h , Justice of the Peace.
N ov . 18, 1890.
Personally appeared F. F. Favor, President, and F. L. Babcock, J. Yarnum Abbott,
H. G. Turner, Wm. G. Ware and O. W. Withington, directors of said bank, and made
oath that the above report is correct, according to their best knowledge and belief.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Before me,
H e n r y S m i t h , Justice of the Peace.
1891.]
PUBLIC DOCUMENT — No. 8.
35
DO RCH ESTER C O -O P E R A TIV E B A N K — BOSTON-.
Incorporated Aug. 21, 1890. Commenced business Sept. 10, 1890.
Capital to be accumulated, $1,000,000.
H e r b e r t S. C a r r u t h , President.
F r a n k E . B r i g h a m , Secretary.
F r a n k E . B r ig h a m , Treasurer.
Names of security committee:
Sam ’l Gan n ett,
G e o . L. B u r t ,
C harles
J. H o m e r P i e r c e ,
J o se p h E . H a l l ,
B. F o x .
Regular meetings the second Wednesday of each month.
B alance Sheet , October 31, 1890.
A ssets.
Loans on real estate, .
Permanent expense account,
Cash in hands of treasurer,.
L ia b il it ie s .
$500 00
87 81
2,438 40
Dues capital, .
. . .
Interest,..................................
Premiums, ' .
Fines, .
.
$3,026 21
How are shares issued, — quarterly, semi-annually or annually ?
annually.
Number o f shares issued during the year, .
.
.
.
. *
Number o f shares now in f o r c e , ...........................................
Number o f shares now borrowed upon,
. . . .
Largest number of shares held by any one member, .
Amount o f dues received during the year, . . . .
Highest premium received during the year, . . . .
Lowest premium received during the year..............................
Present number o f members,
.
.
.
.
Present number o f b o r r o w e r s , ..........................................
Present number of n o n - b o r r o w e r s ,..................................
Number of loans secured by first mortgage of real estate, .
Amount of loans secured by first mortgage of real estate, .
.
Largest loan to any one m em ber,.......................................... • .
Smallest loan to any one m e m b e r , ..................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$3,018 00
2 50
13
5 58
$3,026 21
Semi1,462
1,462
3
. 25
$3,018 00
05
05
. 195
1
. 194
1
.
.
.
.
500 00
500 00
500 00
[Jan.
BANK COMMISSIONERS’ REPORT.
36
Amount of expenses of the corporation for the year ending Oct. 31, 1890, .
Amount of cash received during the y e a r , ...................................................
Amount of cash paid during the y e a r ,...........................................................
Date of examination by commissioner : December 4.
$87 81
3,026 21
587 81
1
Sept., 1890,
Dues paid in advance,
1,462
$2 00
.
.
.
Total
Value.
Value per
Share.
D ate
I ssue.
of
No. of
Shares.
Series.
Reconciliation o f Share Account with Dues and Profits Capital.
$2,924 00
$3,120 00
Co m m o n w ea lth
Su f f o l k ,
ss .
$3,018 00
102 00
196 00
.
Total.................................................
Dues capital, as per ledger,
Unpaid dues,
of
Total,
.
.
.
.
$3,120 00
M assach u setts.
N ov . 20,
1890.
Personally appeared Frank E. Brigham, Secretary of said bank, and made oath that
the foregoing report, by him subscribed, is true.
Before me,
Su ffo lk ,
I r a C. H e r s e y , Justice of the Peace.
Nov. 20,
ss .
Personally appeared Frank E. Brigham, Treasurer of said bank, and made oath that
the securities and cash specified in the foregoing report, by him subscribed, were held
by him at the date thereof.
Before me,
I r a C. H e r s e y , Justice of the Peace.
Suffolk,
ss .
N ov . 20,1890.
Personally appeared Herbert S. Carruth, President, and Joseph E. Hall, Ivers W.
Adams, F. H. Viaux, J. Homer Pierce and Chas. B. Fox, directors of said bank, and
made oath that the above report is correct, according to their best knowledge and belief.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Before me,
I r a C. H e r s e y , Justice of the Peace.
1890.
1891.]
37
PUBLIC DOCUMENT — No. 8.
EC ONO M Y C O -O P E R A T IV E B A N K — M ER R IM A C .
Incorporated July 26, 1889. Commenced business Aug. 12, 1889.
Capital to be accumulated, $1,000,000.
G e o . A d a m s , President.
B a i l e y S a r g e n t , Secretary.
B a i l e y S a r g e n t , Treasurer.
Names of security committee :
I sa ac B. L i t t l e ,
F r a n k E. P e a s e ,
E d . C. H o p k in s .
Regular meetings the second Monday of each month.
B a l a n c e S h e e t , O c t o b e r 31, 1890.
A ssets.
Loans on real estate, .
Permanent expense account,
Temporary expense account,
Cash in hands of treasurer,.
L ia b il it ie s .
$6,950
155
7
851
00
00
00
35
$7,963 35
Dues capital, . . . .
Profits capital (all series), .
Interest,..................................
Premiums................................
F i n e s , ..................................
Transfer fees, . . . .
Surplus....................................
Guaranty fund,
Withdrawal profits,
$7,669
154
108
12
5
00
44
18
75
01
25
11 93
1 61
18
$7,963 35
How are shares issued — quarterly, semi-annually or annually ? Semi
annually.
Number of shares issued during the y e a r , .......................................... 332
Number of shares now in f o r c e , ........................................................... 721
Number o f shares now borrowed u p o n , .......................................... 37
Largest number of shares held by any one member.............................. 25
Number of shares withdrawn during the y e a r , .................................. 8
Amount of dues received during the year........................................................ $6,568 00
Highest premium received during the y e a r ,...................................................
Lowest premium received during the y e a r , ...................................................
Number of members withdrawn during the year,
. . .
.
3
Present number of m e m b e r s , ........................................................... 124
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
15
05
38
BANK COMMISSIONERS’ REPORT.
[Jan.
Present number of b o r r o w e r s , ........................................................... 9
Present number o f n o n - b o r r o w e r s , ................................................... 115
Number of loans secured by first mortgage of real estate, . . .
9
Amount of loans secured by first mortgage of real estate,
. . . .
$6,950 00
Largest loan to any one member.......................................................................
1,400 00
Smallest loan to any one member,....................................................................
50 00
Amount of expenses of the corporation for the year ending Oct. 31, 1890, .
17 13
Amount of profits credited to shares during the y e a r ,...................
156
24
Amount o f cash received during the y e a r , ...................................................
6,865 83
Amount o f cash paid during the y e a r ,............................................................6,519 80
Date of examination by commissioner: August 21.
Aug., 1889,
Feb., 1890,
Aug., 1890,
1
2
3
395
136
190
$15 36
9 09
3 00
$6,067 20
1,236 24
570 00
Dues capital, as per ledger,
Profits capital (all series),
as per ledger, .
Unpaid dues,
$7,669 00
154 44
52 00
2 00
Dues paid in advance,
$7,875 44
Total, .
Com m o n w ea lth
E ssex ,
«
Total
Value.
Value per
Share.
No. of
Shares.
D ate
of I ssue.
Series.
Reconciliation o f Share Account ivith Dues and Profits Capital.
of
Total,
.
.
.
.
$7,875 44
Ma ssa ch u setts.
N ov . 18, 1890.
ss .
Personally appeared Bailey Sargent, Secretary of said bank, and made oath that the
foregoing report, by him subscribed, is true.
Before me,
E ssex ,
T h o m a s H. H o yt , Justice of the Peace.
N ov . 18, 1890.
ss.
Personally appeared Bailey Sargent, Treasurer of said bank, and made oath that the
securities and cash specified in the foregoing report, by him subscribed, were held by
him at the date thereof.
Before me,
E ssex,
T h om a s H. H o y t , Justice of the Peace.
N ov . 18, 1890.
ss .
Personally appeared George Adams, President, and Isaac B. Little, Frank E. Pease,
S. A. McConnell, E. C. Hopkins and Chas. A. King, directors of said bank, and made
oath that the above report is correct, according to their best knowledge and belief.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Before me,
T h o m a s H. H o y t , Justice of the Peaee.
39
PUBLIC DOCUMENT — No. 8.
1891.]
EN TE R P R ISE CO -O P E R A TIV E B A N K — EAST BOSTON.
Incorporated Mar. 31, 1888. Commenced business April 3, 1888.
Capital to be accumulated, $1,000,000.
J o sh u a N. T a y l o r , President.
H o r a c e B. B u t l e r , Secretary.
H o r a c e B. B u t l e r , Treasurer.
Names of security committee:
Jam es T ow n sen d ,
W
Ch as. T. W
m.
G. E m e r y ’,
it t .
Regular meetings the third Wednesday of each month.
B alance Sheet , October 31, 1890.
L ia b il it ie s .
A ssets.
Loans on real estate, .
Loans on shares, .
Permanent expense account,
Temporary expense account,
Office fixtures,
F in e s ,..................................
Cash in hands of treasurer,.
$55,300
1,800
1,015
191
103
3
7,761
00
00
69
21
02
95
84
$66,175 71
Dues capital, . . . .
Profits capital (all series),
Interest,..................................
Premiums,
. . . .
Transfer fees, . . . .
Surplus....................................
Guaranty fund,
Forfeited share account,
Withdrawal profits,
Security committee,
$61,554
3,233
289
27
1
962
50
32
00
32
85
20
50
35
00
31
18
25 00
$66,175 71
How are shares issued, — quarterly, semi-annually or annually? Semi
annually.
Number o f shares issued during the y e a r , ..................................1,144
Number o f shares now in f o r c e , ...................................................3,610
Number o f shares now borrowed upon....................................................315
Largest number of shares held by any one member, .
. . .
25
Number o f shares withdrawn during the y e a r , .................................. 259
Number of shares forfeited during the y e a r , .................................. 8
Amount o f dues received during the y e a r , ................................................... $36,831 00
Highest premium received during the year, ...................................................
15
Lowest premium received during the y e a r , ...................................................
95
Number o f members withdrawn during the year,
.
.
.
.
34
Present number o f members,
............................................................396
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
[Jan.
BANK COMMISSIONERS’ REPORT.
40
Present number o f b o r r o w e r s , ...................................................
Present number of n o n - b o r r o w e r s ,...........................................
Number of loans secured by first mortgage of real estate, .
Amount of loans secured by first mortgage of real estate, .
Number and amount of loans on s h a r e s , ..................................
Largest loan to any one member.......................................................
Smallest loan to any one member,...................................................
Amount of expenses of the corporation for the year ending Oct. 31,
Amount of profits credited to shares during the year, .
Amount o f cash received during the y e a r , ..................................
Amount of cash paid during the y e a r ,...........................................
Date of examination by commissioner: April 14.
. 41
. 355
. 32
$55,300
1,800
3,500
50
583
2,598
42,410
42,081
9
1890, .
00
00
00
00
63
77
40
15
1888,
1888,
1889,
1889,
1890,
1890,
1
.
.
2
3
4
5
6
64Ö
454
996
504
671
340
Total
Value.
April,
Oct.,
April,
Oct.,
April,
Oct.,
Value per
Share.
D ate
I ssue.
of
No. of
Shares.
Series.
Reconciliation o f Share Account with Dues and Profits Capital.
$33 33
26 48
19 82
13 36
7 09
1 00
$21,497 85
12,021 92
19,740 72
6,733 44
4,757 39
340 00
$61,554 00
3,233 32
471 00
•
167 00
Dues paid in advance,
$65,258 32
Total, .
C o m m onw ealth
Su ffolk,
Dues capital, as per ledger,
Profits capital (all series),
as per ledger, .
Unpaid dues,
ss .
of
Total..............................
$65,258 32
M a s sa c h u s e t t s .
N ov . 8, 1890.
Personally appeared Horace B. Butler, Secretary of said bank, and made oath that
the foregoing report, by him subscribed, is true.
Before me,
J o h n H. T o w n s e n d , Justice of the Peace.
Su ffolk,
N o v . 8, 1890.
ss .
Personally appeared Horace B. Butler, Treasurer of said bank, and made oath that the
securities and cash specified in the foregoing report, by him subscribed, were held by
him at the date thereof.
Before me,
J o h n H. T o w n s e n d , Justice of the Peace.
Suffolk,
N ov . 8, 1890.
ss .
Personally appeared Joshua N. Taylor, President, and J. Townsend, Wm. G. Emery,
Frank E. Dimick, Wm. D. Gardner and Chas. T. Witt, directors of said bank, and made
oath that the above report is correct, according to their best knowledge and belief.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Before me,
J o h n H. T o w n s e n d , Justice of the Peace.
41
PUBLIC DOCUMENT — No. 8.
1891.]
E Q U IT A B L E C O -O P E R A TIV E B A N K — L Y N N .
Incorporated September, 1877. Commenced business October, 1877.
Capital to be accumulated, $1,000,000.
Jam es H . R
ic h a r d s ,
T h o s . C o l l y e r , Jr., Secretary.
T h o s . C o l l y e r , Jr., Treasurer.
President.
Names of security committee:
D. A. S u t h e r l a n d ,
T. E. W a r d ,
E. N. H a i n e s .
Regular meetings the first Monday of each month.
Balance Sheet , October 31, 1890.
A ssets.
L ia b il it ie s .
$128,478 87
Loans on real estate, .
7,670 00
Loans on shares, .
63 85
Temporary expense account,
480 00
Safe account,
Cash in hands o f treasurer,.
193 96
$120,306 78
Dues capital, . . . .
15,067 70
Profits capital (all series), .
378 51
Interest,..................................
327 74
Surplus,..................................
508 00
Guaranty fund,
67 89
Forfeited ¿hare account,
230 06
Suspense account, .
$136,886 68
$136,886 68
How are shares issued, — quarterly, semi-annually or annually ?
annually.
Number of shares issued during the y e a r , ..................................
Number of shares now in f o r c e , ...................................................
Number o f shares now borrowed u p o n , ..................................
Largest number o f shares held by any one member, .
Number o f shares withdrawn during the year, . . . .
Number o f shares matured during the year,
. . . .
Amount o f dues received during the y e a r , ..................................
Highest premium received during the y e a r ,..................................
Lowest premium received during the y e a r , ..................................
Number o f members withdrawn during the year,
Present number o f members,...........................................................
Present number o f b o r r o w e r s , ...................................................
Present number of n o n - b o r r o w e r s ,...........................................
Number o f loans secured by first mortgage of real estate, .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Semi2,790
5,655
1,117
. 25
1,367
3 /
. $56,030 00
17
01
. 186
. 840
. 140
. 700
. 92
42
BANK COMMISSIONERS’ REPORT.
[Jan.
Amount o f loans secured by first mortgage of real estate, .
. . .
$128,478 87
Number and amount of loans on shares................................................... 48
7,67000
Largest loan to any one m em b er,....................................................................
4,400 00
Smallest loan to any one member,....................................................................
10 00
Amount of expenses of the corporation for the year ending Oct. 31, 1890, .
699 53
Amount of profits credited to shares during the year.....................................
6,504 67
Amount o f cash received during the y e a r , ..................................
82,626
30
Amount of cash paid during the year..............................................
82,910
69
Date of examination by commissioner : April 4.
Oct., 1879,
April, 1880,
Oct., 1880,
April, 1881,
July, 1881,
Oct,, 1881,
April, 1882,
Oct., 1882,
April, 1883,
Oct., 1883,
April, 1884,
Oct., 1884,
April, 1885,
Oct., 1885,
April, 1886,
Oct., 1886,
April, 1887,
Oct., 1887,
April, 1888,
Oct., 1888,
April, 1889,
Oct., 1889,
April, 1890,
Oct., 1890,
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
22
12
30
14
12
17
39
8
27
26
48
63
56
97
56
164
172
261
376
357
690
815
1,185
1,108
Total, .
$181 65
171 08
160 78
150 67
145 67
140 85
131 18
121 79
112 79
103 72
95 03
86 53
78 29
70 29
62 50
54 88
47 48
40 26
33 25
26 42
19 80
13 35
7 09
1 00
Total
Value.
Value per
Share.
D ate
Issue.
No. of
Shares.
of
Series.
Reconciliation o f Share Account with Dues and Profits Capital.
$3,996 30
2,052 96
4,823 40
2,109 38
1,748 04
2,394 45
5,116 02
974 32
3,045 33
2,696 72
4,561 44
5,451 39
4,384 24
6,818 13
3,500 00
9,000 32
8,166 56
10,507 86
12,502 00
9,431 94
13,662 00
10,880 25
8,401 65
1,108 00
$137,332 70
Co m m onw ealth
E ssex ,
of
Dues capital, as per ledger, $120,306 78
Profits capital (all series),
15,067 70
as per ledger, .
1,958 22
Unpaid dues,
Total,
.
.
.
.
$137,332 70
M a s sa c h u s e t t s .
N ov . 20, 1890.
ss .
Personally appeared Thos. Collyer, Jr., Secretary of said bank, and made oath that
the foregoing report, by him subscribed, is true.
Before me,
E ssex,
J ac ob M . L e w i s , Justice of the Peace.
N ov . 20, 1890.
ss .
Personally appeared Thos. Collyer, Jr., Treasurer of said bank, and made oath that
the securities and cash specified in the foregoing report, by him subscribed, were held
by him at the date thereof.
Before me,
E ssex,
ss .
J a c ob M . L e w i s , Justice of the Peace.
N ov . 20, 1890.
Personally appeared James H. Richards, President, and H. W . Howard, Zephaniah
L. Seymour, Ralph W . Putnam, E. H. Haines and Thos. Collyer, Jr., directors of said
bank, and made oath that the above report is correct, according to their best knowledge
and belief.
J ac ob M . L e w i s , Justice of the Peace.
Before me,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
1891.]
43
PUBLIC DOCUMENT — No. 8.
E Q U IT Y CO -O P E R A TIV E B A N K — W O R C E ST E R .
Incorporated Feb. 9, 1887. Commenced business March 17, 1887.
Capital to be accumulated, $1,000,000.
T. J. H a s t in g s , Secretary.
I v e e J o h n so n , President.
T. J. H a s t in g s , Treasurer.
Names o f security committee:
E. J. B a r d w e l l ,
D a n ie l P a r l i n ,
U r g e l Ja c q u e s.
Regular meetings the Thursday preceding the third Monday of each month.
B alance Sheet , October 31, 1890.
A ssets.
L ia b il it ie s .
Loans on real estate, .
$102,425 00
Loans on shares, .
3,015 00
Permanent expense account,
370 00
Temporary expense account,
120 64
Suspense account,
565 23
Cash in hands of treasurer, .
3,991 60
$100,169 00
Dues capital, . . .
.
8,503 14
Profits capital (all series),
1,255 56
Interest,..................................
63 38
Fines,
.
.
.
3 00
Transfer f ees, . . . .
347 83
Surplus,..................................
111 00
Guaranty fund,
34 56
Forfeited share account,
$110,487 47
$110,487 47
How are shares issued, — quarterly, semi-annually or annually ? Semi
annually.
Number o f shares issued during the y e a r , .................................. 1,555
Number o f shares now in f o r c e , ................................................... 4,298
Number o f shares now borrowed u p o n , ..............................................548
Largest number of shares held by any one member, .
.
.
.
25
Number o f shares withdrawn during the y e a r , .................................. 861
Number of shares forfeited during the y e a r , .................................. 14
Amount of dues received during the y e a r , ................................................... $48,875 00
Highest per centum o f interest received during the year: 7\.
Lowest per centum o f interest received during the year: 6.
Number of members withdrawn during the year,
. . .
.
102
Present number of members,....................................................................... 488
Present number of b o r r o w e r s , ................................................................ 82
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
44
BANK COMMISSIONERS’ REPORT.
Present number of n o n - b o r r o w e r s , ...........................................
Number o f loans secured by first mortgage of real estate, .
Amount of loans secured by first mortgage of real estate, .
Number and amount of loans on s h a r e s , ..................................
Largest loan to any one m e m b e r,...................................................
Smallest loan to anv one member,...................................................
Amount o f expenses of the corporation for the year ending Oct. 31,
Amount of profits credited to shares during the year, .
Amount o f cash received during the y e a r , ..................................
Amount of cash paid during the y e a r , ...........................................
Date of examination by commissioner: January 17.
[Jan.
. 406
. 78
.
21
1890, .
,
$102,425
3,015
5,000
50
657
5,439
64,194
66,913
00
00
00
00
84
85
31
31
Mar ,
Sept.,
Mar.,
Sept.,
Mar.,
Sept.,
Mar.,
Sept.,
1887,
1887,
1888,
1888,
1889,
1889,
1890,
1890,
1
2
3
4
5
6
7
8
971
234
466
276
583
526
926
316
$49
41
34
27
20
14
8
2
20
82
63
68
94
42
11
00
Total
Value.
Value per
Share.
No. of
Shares.
D ate
I ssue .
of
Series.
Reconciliation o f Share Account with Dues and Profits Capital.
$47,773
9,785
16,137
7,639
12,208
7,584
7,509
632
Dues paid in advance,
Dues capital, as per ledger, $100,169 00
Profits capital (all series),
as per ledger, .
8,503 14
Unpaid dues,
950 00
351 00
Total, .
$109,622 14
Com m o n w ea lth
W
20
88
58
68
02
92
86
00
o r c e s t e r , ss .
of
Total.............................. $109,622 14
M a s sa c h u s e t t s .
N ov . 10, 1890.
Personally appeared T. J. Hastings, Secretary of said bank, and made oath that the
foregoing report, by him subscribed, is true.
Before me,
W
o rcester, ss.
M a r v in M . T a v l o r , Justice of the Peace.
N ov . 10, 1890.
Personally appeared T. J. Hastings, Treasurer of said bank, and made oath that the
securities and cash specified in the foregoing report, by him subscribed, were held by
him at the date thereof.
Before me,
W orcester,
ss .
M a r v in M . T a y l o r , Justice of the Peace.
N ov . 15, 1890.
Personally appeared J. B. Willard, Vice-President, and H. E. Fayerweather, Chas. L.
Gates, Urgel Jacques, Everett J. Bardwell and H. G. Crane, directors of said bank, and
made oath that the above 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 B. G l a s g o w , Justice of the Peace.
1891.]
PUBLIC DOCUMENT — No. 8.
45
E V E R E T T CO -O P E R A TIV E B A N K — E V E R E T T .
Incorporated Sept. 24, 1890. Commenced business Oct. 14, 1890.
Capital to be accumulated, $1,000,000.
S a m ’ l F r e e m a n , 2d, President.
C h a s E. J e n n in g s , Secretary.
C h as E. J e n n in g s , Treasurer.
Names of security committee :
E dw . C. M e a d ,
N a t h a n ie l A. D i l l ,
Ch a s. H . Sp en cer.
Regular meetings the second Tuesday of each month.
Balance Sheet , October 31, 1890.
L ia b il it ie s .
A ssets.
Cash in hands o f treasurer,.
$566 30
Dues capital, . . . .
Interest,..................................
Premiums,
.
. . .
$566 30
$563 00
3 00
30
$566 30
How are shares issued, — quarterly, semi-annually or annually ? Semi
annually.
Number of shares issued during the y e a r , .......................................... 563
Number of shares now in f o r c e , ........................................................... 563
Largest number o f shares held by any one member, .
. . .
25
Amount of dues received during the year.........................................................$563 00
Present number of m e m b e r s , ........................................................... 95
Present number o f non-borrowers............................................................ 95
Amount of cash received during the y e a r , ...................................................
566 30
Date of examination by commissioner : December 15.
Total
Value.
$563 00
T ota l,...............................................
$563 00
D ate
Issu e.
Oct., 1890,
No. of
Shares.
$1 00
op
Series.
Value per
Share.
i
Reconciliation o f Share Account with Dues and Profits Capital.
1
563
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Dues capita?, as per ledger,
Total,
.
.
.
.
$563 00
$563 00
46
BANK COMMISSIONERS’ REPORT.
Co m m o n w ea lth
M id d l e s e x ,
ss.
of
[Jan
M assa ch u setts.
N ov . 22, 1890.
Personally appeared Chas. E. Jennings, Secretary of said bank, and made oath that
the foregoing report, by him subscribed, is true.
Before me,
M id d l e s e x ,
ss .
S a m u e l P. C a n n e l l , Justice of the Peace.
N ov . 22, 1890.
Personally appeared Chas. E. Jennings, Treasurer of said bank, and made oath that
the securities and cash specified in the foregoing report, by him subscribed, were held
by him at the date thereof.
Before me,
M id d l e s e x ,
ss .
Sa m u e l P. C a n n e l l , Justice of the Peace.
N ov . 21, 1890.
Personally appeared Samuel Freeman, 2d, President, and Edw. C. Mead, Geo. F.
Foster, N. A. Dill, Jas. E.Freeman and Geo. E.Smith,directors
of said bank, and
made oath that the abovereport iscorrect, according to theirbest knowledge and belief.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Before me,
J o se p h H. Ca n n e l l , Justice of the Peace.
1891.]
PUBLIC DOCUMENT — No. 8
47
F A L L R IV E R CO -O P E R A TIV E B A N K — F A L L R IV E R .
Incorporated Dec. 1, 1888. Commenced business Dec. 12, 1888.
Capital to be accumulated, $1,000,000.
J o h n B a r l o w , President.
G e o . O. L a t h r o p , Secretary.
R o d o l p h u s N. A l l e n , Treasurer.
Names of security committee :
Chas. F. T r i p p ,
John B a k l o w ,
H enry W
a r in g .
Regular meetings the second Wednesday of each month.
B a l a n c e S h e e t , O c t o b e r 31, 1890.
A ssets.
Loans on real estate, .
Permanent expense account,
F in e s ,..................................
Cash in hands of treasurer,.
Cash in hands of secretary,.
L ia b il it ie s .
$43,600
70
3
102
31
00
90
56
81
38
$43,808 65
Dues capital, .
. . .
Profits capital (all series),
Interest,..................................
Premiums,
. . . .
Guaranty fund,
Forfeited share account,
$41,769
1,542
402
33
60
00
94
75
01
37
58
$43,808 65
How are shares issued, — quarterly, semi-annually or annually ? Semi
annually.
Number o f shares issued during the y e a r , .................................. 1,664
Number of shares now in f o r c e , ................................................... 3,240
Number of shares now borrowed u p o n , .......................................... 225
Largest number of shares held by any one member, . . .
.
25
Number o f shares withdrawn during the y e a r , .................................. 579
Number of shares forfeited during the year,.......................................... 5
Amount of dues received during the y e a r , ................................................... $31,678 00
Highest premium received during the y e a r ,...................................................
11
Lowest premium received during the y e a r , ...................................................
08
Number of members withdrawn during the year,
. . .
.
91
Present number o f m e m b e r s , ............................................................400
Present number of borrowers....................................................................35
Present number o f non-borrowers,
.
.
.
.
.
.
. 365
Number of loans secured by first mortgage of real estate, . . .
36
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
48
BANK COMMISSIONERS’ REPORT.
Amount o f loans secured by first mortgage of real estate, .
Largest loan to any one member...............................................................
Smallest loan to any one m e m b e r , ...................................................
Amount of expenses of the corporation for the year ending Oct. 31, 1890,
Amount of profits credited to shares during the year, . . . .
Amount of cash received during the y e a r , ...........................................
Amount of cash paid during the y e a r ,...................................................
Date of examination by commissioner : March 17.
[Jan.
$45,150 00
4,300 00
200 00
281 88
1,476 36
38,723 12
38,620 01
Dec.,
Mar.,
Sept.,
Mar.,
Sept.,
1888,
1889,
1889,
1890,
1890,
.
.
.
.
1
2
3
4
5
891
305
571
761
712
Dues paid in advance,
$24 14
20 83
14 36
8 Ò9
2 00
Total
Value.
Value per
Share.
D ate
I ssue.
of
No. of
Shares.
Series.
Reconciliation o f Share Account with Dues and Profits Capital.
$21,508
6,353
8,199
6,156
1,424
74
15
56
49
00
$43,815 94
Com m onw ealth
ss .
Dues capital, as per ledger,
Profits capital (all series),
as per ledger, .
Unpaid dues,
$41,769 00
1,542 94
504 00
174 00
.
Total, .
B r is t o l ,
•
of
Total,
.
.
$43,815 94
M a s sa c h u s e t t s .
N ov . 26, 1890.
Personally appeared Geo. O. Lathrop, Secretary of said bank, and made oath that the
foregoing report, by him subscribed, is true.
Before me,
A r t h u r S. P h i l l i p s , Justice of the Peace.
B r is t o l ,
ss .
N ov . 25, 1890.
Personally appeared R. N. Allen, Treasurer of said bank, and made oath that the
securities and cash specified in the foregoing report, by him subscribed, were held by
him at the date thereof.
Before me,
A r t h u r S. P h i l l i p s , Justice of the Peace.
B r is t o l ,
ss .
N o v . 26, 1890.
Personally appeared John Barlow, President, and Chas. T. Tripp, E. W. Borden,
Alfred H. Hood, A. N. Lincoln and Henry Waring, directors of said bank, and made
oath that the above report is correct, according to their best knowledge and belief.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Before me,
A r t h u r S. P h i l l i p s , Justice of the Peace.
1891.]
49
PUBLIC DOCUMENT — No. 8
F E D E R A L C O -O P E R A TIV E B A N K — BOSTON-.
Incorporated Jan. 29, 1890. Commenced business Feb. 6, 1890.
Capital to be accumulated, $1,000,000.
B il l in g s B . R e e d , President.
W m. W
■
ardw ell,
W i. W
ardw ell,
Secretary.
Treasurer.
Names of security committee:
Jos. B. B r a g d o n ,
W m . B. H a y p o r d ,
Frank W . E ldrege,
C h a s . H . H a in e s ,
F r a n c is G. W a s h b u r n .
Regular meetings the first Thursday of each month.
B a l a n c e S h e e t , O c t o b e r 31, 1890.
A ssets.
Loans on real estate, .
Loans on shares, .
Permanent expense account,
Cash in hands of treasurer,.
L ia b il it ie s .
$4,200
225
124
569
00
00
38
07
$5,118 45
Dues capital, .
. . .
Profits capital (all series),
Interest,..................................
Premiums,
. . .
.
Fines, .
.
Transfer fees, . . . .
Surplus, .
.
Guaranty fund,
Withdrawal profits,
$5,003
44
61
3
1
00
55
75
10
02
10
1 73
2 60
60
$5,118 45
How are shares issued, — quarterly, semi-annually or annually? Semi
annually.
Number o f shares issued during the y e a r , ...........................................816
Number o f shares now in f o r c e , ........................................................... 749
Number of shares now borrowed u p o n , ...........................................65
.
.
.
25
Largest number o f shares held by any one member, .
Number of shares withdrawn during the y e a r , .................................. 67
Amount o f dues received during the y e a r , ................................................... $5,275 00
Highest premium received during the year, .
.
.
.
.
.
.
05
Lowest premium received during the y e a r , ...................................................
05
Number o f members withdrawn during the year,
.
.
.
. 10
Present number o f m e m b e r s , ............................................................138
Present number o f b o r r o w e r s , ............................................................8
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
50
BANK COMMISSIONERS’ REPORT.
[Jan.
Present number of n o n - b o r r o w e r s ,................................................... 130
Number of loans secured by first mortgage of real estate, . . .
4
Amount o f loans secured by first mortgage of real estate, .
.
.
.
Number and amount of loans on s h a r e s , ...........................................
4
Largest loan to any one m em b er,....................................................................
Smallest loan to any one member,....................................................................
Amount of expenses of the corporation for the year ending Oct. 31, 1890, .
Amount of profits credited to shares during the y e a r,..................................
Amount of cash received during the y e a r , ..................................
5,443
...........................
4,874
Amount o f cash paid during the year, . *
Date o f examination by commissioner: May 5.
$4,200 00
225 00
1,900 00
25 00
52 64
47 70
80
73
Feb., 1890,
Aug., 1890,
495
254
$9 09
3 00
Total
Value.
1
2
Value per
Share.
No. of
Shares.
D ate
I ssue .
of
Series.
Reconciliation o f Share Account with Dues and Profits Capital.
$4,499 55
762 00
Dues capital, as per ledger,
Profits capital (all series),
as per ledger, .
Unpaid dues,
Dues paid in advance,
44 55
285 00
71 00
$5,332 55
Total, .
Co m m o n w ea lth
Su ffo lk ,
$5,003 00
of
Total,
.
.
.
.
$5,332 55
M a s sa c h u s e t t s .
Dec. 1, 1890.
ss.
Personally appeared Wm. Ward well, Secretary of said bank, and made oath that
the foregoing report, by him subscribed, is true.
Before me,
Suffolk,
S a m ’ l H. L o n g l e y , Justice of the Peace.
Dec. 1, 1890.
ss .
Personally appeared Wm. Wardwell, Treasurer of said bank, and made oath that
the securities and cash specified in the foregoing report, by him subscribed, were held
by him at the date thereof.
Before me,
Su ffo lk ,
S a m ’ l H. L o n g l e y , Justice of the Peace.
Dec. 1, 1890.
ss .
Personally appeared Billings B. Reed, President, and Frank W . Eldredge, Jos. B.
Bragdon, Chas. H. Haines, D. L. White and E. F. Blossom, directors o f said bank, and
made oath that the above report is correct, according to their best knowledge and belief.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Before me,
S a m ’ l H. L o n g l e y , Justice of the Peace.
1891.]
PUBLIC DOCUMENT — No. 8.
51
F ID E L IT Y C O -O P ER ATIV E B A N K — F ITC H B U R G .
Incorporated April 25, 1888. Commenced business May 8, 1888.
Capital to be accumulated, $>1,000,000.
G eo . E . C l if f o r d , President.
W . G . H a t e s , Secretary.
W. G. H a y e s , Treasurer.
Names of security committee :
H. G . M o r s e ,
L. H. G oodnovv,
W
il l ia m
E d w ards.
Regular meetings the second Tuesday of each month.
B a l a n c e S h e e t , O c t o b e r 31, 1890.
A ssets.
Loans on real estate, .
Loans on shares, .
Permanent expense account,
Temporary expense account,
Unpaid interest, premiums
and fines, . . . .
Taxes paid, . . . .
Cash in hands of treasurer,.
L ia b il it ie s .
$84,200
4,665
200
32
00
00
00
50
853 54
62 80
1,600 48
Dues capital.............................
Profits capital (all series),
Interest,..................................
Premiums,
. . . .
F i n e s , ..................................
Transfer fees,
Guaranty fund,
Forfeited share account,
Withdrawal profits,
$91,614 32
How are shares issued, — quarterly, semi-annually or annually?
annually.
Number o f shares issued during the y e a r , ..................................
Number o f shares now in f o r c e , ...................................................
Number o f shares now borrowed u p o n , ..................................
Largest number of shares held by any one member, .
Number o f shares withdrawn during the year, . . . .
Number o f shares forfeited during the year,
. . .
.
Amount of dues received during the y e a r , ..................................
Highest premium received during the year, .
. . .
Lowest premium received during the year, .
.'
Number o f members withdrawn during the year,
Present number of members,...........................................................
Present number o f b o r r o w e r s , ...................................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$85,747
4,683
819
31
32
00
52
10
22
36
50
95 35
186 69
18 58
$91,614 32
Semi1,636
4,557
. 807
25
901
50
$50,888 00
50
02
126
561
102
52
BANK COMMISSIONERS’ REPORT.
Present number of n o n - b o r r o w e r s ,..................................
Number o f loans secured by first mortgage of real estate, .
Amount o f loans secured by first mortgage of real estate, .
Number and amount of loans on shares,
.
. . .
Largest loan to any one m em ber,...........................................
Smallest loan to any one member,..........................................
Amount of expenses of the corporation for the year ending Oct
Amount o f profits credited to shares during the year, .
Amount o f cash received during the year, .
.
.
.
Amount o f cash paid during the y e a r ,..................................
Date of examination by commissioner : August 4.
.
.
459
66
.
36
1890, .
#
[Jan.
$84,200 00
4,665 00
4,000 00
20 00
403 95
3,778 92
63,739 51
63,137 87
May, 1888,
Sept., 1888,
Mar., 1889,
Sept., 1889,
Mar., 1890,
Sept., 1890,
.
.
1
2
3
4
5
6
1,478
436
798
616
681
548
$32
27
20
14
8
06
51
85
38
10
2 00
Total
Value.
Value per
Share.
D ate
I ssue .
of
No. of
Shares, j
Series.
Reconciliation o f Share Account with Dues and Profits Capital.
$47,384
11,994
16,638
8,858
5,516
1,096
Dues capital, as per ledger,
Profits capital (all series),
as per ledger, .
Unpaid dues,
$85,747 00
4,683 52
1,533 00
476 00
Dues paid in advance,
$91,963 52
Total, .
Co m m o n w e a l t h
W
68
36
30
08
10
00
o r c e s t e r , ss .
of
Total,
.
.
.
.
$91,963 52
M a s sa c h u s e t t s .
N ov . 6, 1890.
Personally appeared W . G. Hayes, Secretary of said bank, and made oath that the
foregoing report, by him subscribed, is true.
Before me,
W
o r c e s t e r , ss .
C h a s . F. R o c k w o o d , Justice of the Peace.
N ov . 6, 1890.
Personally appeared W . G. Hayes, Treasurer of said bank, and made oath that
the securities and cash specified in the foregoing report, by him subscribed, were held
by him at the date thereof.
Before me,
W
o r c e s t e r , ss .
C h a s . F. R o c k w o o d , Justice of the Peace.
N ov . 12, 1890.
Personally appeared Geo. E. Clifford, President, and W. C. Johnson, L. C. Albee, H.
G. Morse, Geo. Reed and F. F. Farrar, directors of said bank, and made oath that the
above report is correct, according to their best knowledge and belief.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Before me,
S a m ’ l L. G r a v e s , Justice of the Peace.
1891.]
53
PUBLIC DOCUMENT — No. 8
F IT C H B U R G CO -O P ER ATIV E B A N K — F ITC H B U R G .
Incorporated Oct. 27, 1877. Commenced business Nov. 8, 1877.
Capital to be accumulated, $1,000,000.
Jos. F . S im o n d s , Secretary.
J a b e z F is h e r , President.
C h a s . F . B a k e k , Treasurer.
Names of security committee:
J. D u d l e y L i t t l e h a l e ,
M a e t in W
ebber.
Regular meetings the third Thursday of each month.
B a l a n c e S h e e t , O c t o b e r 31, 1890.
L ia b il it ie s .
A 8S E T 8.
$426,195 00
Loans on real estate, .
22,000 00
Loans on shares, .
Real estate by foreclosure, .
1,367 50
Unpaid dues, interest, pre12,155
86
miums and fines,
80
Myra A. Adams,.
173 23
Estate of A. Legros, .
Estate o f Seth Twichell,
114 17
121 45
Estate of Peter Laflame,
155 44
Estate of Flora Morris,
5 35
Estate of Christine Flagg, .
1 14
Estate o f Geo. W. Morse, .
22 66
Estate o f C. M. Russell,
Estate o f N. Onellet, .
6 91
Suspense account,
896 56
Cash in hands of treasurer,.
6,277 07
$391,314 00
Dues capital, .
.
.
.
73,320 74
Profits capital (all series), .
279 84
Surplus.....................................
1,146 85
Guaranty fund,
271 56
Forfeited share account,
2,121 49
Advance dues,
115 13
Due sundry persons,
17 35
Due J. F. Simonds,
11 15
Estate of Edward Legros,
21 38
Estate of Chas. S. Keith,
53 05
Estate of Martha C. Twichell,
322 48
Estate of C. C. Kinsman,
63 91
Estate of Lurena Oliver,
, 36 85
Estate of Andrew Pratt,
286
48
Estate of John F. Ballou,
99 03
Estate of D. Lafontaine,
11 85
Estate of Stanie Noel, .
$469,493 14
$469,493 14
How are shares issued, — quarterly, semi-annually or annually ?
annually.
Number of shares issued during the year, . . .
.
Number of shares now in force, . .......................................
Number o f shares now borrowed upon,
.
. . .
Largest number of shares held by any one member, .
Number o f shares withdrawn during the year,
Number o f shares forfeited during the year, .
. . .
Number of shares retired during the year, . . .
.
Number o f shares matured during the year,.
.
.
.
Amount of dues received during the year, . . . .
Highest per centum o f interest received during the year: 7y6o8oLowest per centum o f interest received during the year: 6.
Number o f members withdrawn during the year,
.
.
.
.
Present number of members,
,
,
.
.
,
,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Semi
9,875
2,508
. 25
1,793
. 46
. 219
. 43
30,114 17
233
1,196
54
BANK COMMISSIONERS’ REPORT.
Present number o f b o r r o w e r s , ...................................................
Present number of n o n - b o r r o w e r s ,..........................................
Number of loans secured by first mortgage of real estate, .
Amount of loans secured by first mortgage of real estate, .
Number and amount of loans on s h a r e s , ..................................
Largest loan to any one m em b er,...................................................
Smallest loan to any one member,
.
.
.
.■
Amount of expenses of the corporation for the year ending Oct. 31,
Amount of profits credited to shares during the year, .
Amount o f cash received during the y e a r , ..................................
Amount of cash paid during the y e a r ,...........................................
Date of examination by commissioner : August 4.
[Jan.
. 623
. 573
. 470
$426,195
22,000
4,000
10
1,151
1890, .
24,554
182,851
178,633
•
. 153
00
00
00
00
31
88
52
78
May, 1879,
Nov., 1879,
May, 1880,
Nov., 1880,
May, 1881,
Nov., 1881,
May, 1882,
Nov., 1882,
May, 1883,
Nov., 1883,
May, 1884,
Nov., 1884,
May, 1885,
Nov., 1885,
May, 1886,
Nov , 1886,
May, 1887,
Nov., 1887,
May, 1888,
Nov., 1888,
May, 1889,
Nov., 1889,
May, 1890,
.
.
.
.
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
23 $198 77
78
187 04
111
175 65
82
164 73
123
153 97
114
143 53
162
133 38
138
123 54
222
113 99
215
104 70
95 68
233
190
86 94
216
78 44
251
70 19
503
62 18
403
54 39
860
46 85
848
39 53
827
32 41
834
25 53
1,085
18 86
1,175
12 38
1,182
6 10
Total, .
Total
Value.
Value per
Share.
D ate
I ssue.
of
No. of
Shares.
Series.
Reconciliation o f Share Account with Dues and Profits Capital.
$4,571 71
14,589 12
19,497 15
13,507 86
18,938 31
16,362 42
21,607 56
17,048 52
25,305 78
22,510 50
■22,293 44
16,518 60
16,943 04
17,617 69
31,276 54
21,919 17
40,291 00
33,521 44
26,803 07
21,292 02
20,463 10
14,546 50
7,210 20
$464,634 74
Com m onw ealth
W
o r c e s t e r , ss .
of
Dues capital, as per ledger, $391,314 00
Profits capital (all series),
73,320 74
as per ledger, .
Total,
$464,634 74
M assa ch u setts.
Dec.
2,1890.
Personally appeared Jos. F. Simonds, Secretary of said bank, and made oath that the
foregoing report, by him subscribed, is true.
Before me,
W o rcester,
ss.
H e n r y J a c k s o n , Justice of the Peace.
Dec.
3,1890.
Personally appeared Chas. F. Baker, Treasurer of said bank, and made oath that the
securities and cash specified in the foregoing report, by him subscribed, were held by
him at the date thereof.
Before me,
W o rcester,
ss.
H e n r y J a c k s o n , Justice of the Peace.
Dec.
3,1890.
Personally appeared Jabez Fisher, President, and H. P. Boutelle, W. Webber, Ebenezer
Bailey, E. N. Choate and J. F. Fisher, directors of said bank, and made oath that Ihe
above report is correct, according to their best knowledge and belief.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Before me,
H e n r y J a c k s o n , Justice of the Peace.
1891 .]
55
PUBLIC DOCUM ENT— No. 8
FO XB O E O U G H C O -O P E R A T IV E B A N K - F O XB O R O U G H .
Incorporated Feb. 25, 1889. Commenced business March 19, 1889.
Capital to be accumulated, $1,000,000.
E r a st u s P. C a r p e n t e r , President.
F. S. L a n e , Secretary.
F. S. L a n e , Treasurer.
Names of security committee :
E. P. C a r p e n t e r ,
W
m.
B. C r o c k e r ,
E z r a P ic k e n s .
Regular meetings the third Wednesday o f each month.
B a l a n c e S h e e t , O c t o b e r 31, 1890.
L ia b il it ie s .
A ssets.
Loans on real estate, .
Permanent expense account,
Accrued fines,
Cash in hands of treasurer,.
$10,250
120
6
580
00
00
58
29
$10,956 87
Dues capital, .
. . .
Profits capital (all series),
Interest,..................................
Premiums,
. . . .
Transfer fees, . . .
.
Surplus.....................................
Guaranty fund,
Forfeited share account,
Withdrawal profits,
Forfeiture profits, .
$10,397
369
39
5
1
70
4
63
2
2
$10,956 87
How are shares issued, — quarterly, semi-annually or annually ? Semi
annually.
Number of shares issued during the y e a r , ...........................................280
Number o f shares now in f o r c e , ............................................................769
Number of shares now borrowed upon,................................................... 61
Largest number o f shares held by any one member, .
.
.
.
25
Number of shares withdrawn during the y e a r , .................................. 174
Number of shares forfeited during the yea r,...........................................56
Amount of dues received during the y e a r , ................................................... $8,210 00
Highest premium received during the y e a r ,...................................................
Lowest premium received during the y e a r , ...................................................
Number o f members withdrawn during the year,
.
.
.
.
61
Present number of members,.....................................................................171
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
00
90
84
50
75
76
26
41
02
43
30
05
56
BANK COMMISSIONERS’ REPORT.
[Jan.
Present number of b o r r o w e r s , ................................................... . 1 0
Present number of n o n - b o r r o w e r s ,..................................................161
Number of loans secured by first mortgage of real estate, . . .
10
Amount of loans secured by first mortgage of real estate, .
.
.
.
Largest loan to any one m em b er,....................................................................
Smallest loan to any one member,....................................................................
Amount of expenses of the corporation for the year ending Oct. 31, 1890, .
Amount of profits credited to shares during the y e a r , ..................................
9,798
Amount of cash received during the y e a r , .................................
Amount of cash paid during the y e a r ,..................................................12,419
Date of examination by commissioner : January 27.
$10,250 00
2,500 00
200 00
102 81
376 74
85
58
Mar.,
Sept.,
Mar.,
Sept.,
1889,
1889,
1890,
1890,
.
1
2
3
4
374
168
72
155
Total, .
$20
14
8
2
81
36
09
00
Total
Value.
Value per
Share.
D ate
I ssue .
of
No. of
Shares.
Series.
Reconciliation o f Share Account with Dues and Profits Capital.
94
48
48
00
Dues capital, as per ledger,
Profits capital (all series),
as per ledger, .
Unpaid dues,
$10,397 00
$11,087 90
Total..............................
$11,087 90
$7,782
2,412
582
310
Co m m o n w e a lth
N orfolk,
ss .
of
369 90
321 00
M a s sa c h u s e t t s .
N ov . 19, 1890.
Personally appeared Fred S. Lane, Secretary of said bank, and made oath that the
foregoing report, by him subscribed, is true.
Before me, ,
R o b t . W. C a r p e n t e r , Justice of the Peace.
N orfolk,
ss .
N ov . 19, 1890.
Personally appeared Fred S. Lane, Treasurer of said bank, and made oath that the
securities and cash specified in the foregoing report, by him subscribed, were held by
him at the date thereof.
Before me,
R o b t . W . C a r p e n t e r , Justice of the Peace.
N orfolk,
ss .
N ov . 19, 1890.
Personally appeared E. P. Carpenter, President, and Ezra Pickens, Geo. B. Nickerson,
Geo. F. Williams, ffm . B. Crocker and C. H. Jacobs, directors of said bank, and made
oath that the above 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 t . W . C a r p e n t e r , Justice of the Peace.
1891.]
57
PUBLIC DOCUMENT— No. 8.
F R A N K L IN CO -O P E R A TIV E B A N K — F R A N K L IN .
Incorporated June 15, 1889. Commenced business July 16, 1889.
Capital to be accumulated, $1,000,000.
A . H . M o k se , President.
H . E . R u o o l e s , Secretary.
M . F . C o n r o y , Treasurer.
Names of secui'ity committee :
A. A. P o n d ,
H. M. B u l l o c k ,
E. P ond.
Regular meetings the first Tuesday of each month.
B a l a n c e S h e e t , O c t o b e r 31, 1890.
A s s is t s .
Loans on real estate, .
Loans on shares, .
Permanent expense account,
Unpaid fines,
Cash in hands of treasurer,.
L ia b il it ie s .
$4,900
50
135
5
241
00
00
00
40
93
Dues capital, . . . .
Profits capital (all series),
Interest,..................................
Premiums,
. . . .
Fines........................................
Surplus,..................................
Guaranty fund,
Withdrawal profits,
Due secretary,
$5,332 33
$5,119
83
83
5
2
6
3
11
22
$5,332 33
How are shares issued, — quarterly, semi-annually or annually ? Semi
annually.
Number of shares issued during the y e a r , ................................................53
Number o f shares now in force.................................................................... 371
Number of shares now borrowed u p o n , ................................................27
Largest number o f shares held by any one member, .
. . .
20
Number o f shares withdrawn during the y e a r , ..................................... 114
Amount o f dues received during the y e a r , ................................................... $4,465
Highest premium received during the year, .
..................................
Lowest premium received during the y e a r , ...................................................
Number o f members withdrawn during the year,
. . .
.
28
Present number o f m e m b e r s , .................................................................88
Present number of borrowers,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
00
85
75
35
94
78
00
15
51
8
05
05
58
BANK COMMISSIONERS’ REPORT.
[Jan.
Present number o f n o n - b o r r o w e r s ,................................................... 80
Number o f loans secured by first mortgage of real estate, . . .
7
Amount o f loans secured by first mortgage of real estate,.
.
.
.
$4,900
Number and amount of loans on s h a r e s , .......................................
1
Largest loan to any one member........................................................................
1,050
Smallest loan to any one member, .
.
:
.................................
50
Amount of expenses of the corporation for the year ending Oct. 31, 1890, .
Amount of profits credited to shares during the year...........................
99
4,625
Amount of cash received during the y e a r , .........................................
Amount o f cash paid during the y e a r ,......................................... .
5,254
Date o f examination by commissioner : September 24.
00
5000
00
00
1565
17
36
64
July, 1889,
Jail., 1890,
July, 1890,
1
2
3
327
35
9
$16 25
10 06
4 00
Total
Value.
Value per
Share.
D ate
I ssue .
of
No. of
Shares.
Series.
Reconciliation o f Share Account with Dues and Profits Capital.
$5,313 75
352 10
36 00
Dues paid in advance,
$5,119 00
83 85
561 00
62 00
Total, .
$5,763 85
Com m onw ealth
N orfolk,
Dues capital, as per ledger,
Profits capital (all series),
as per ledger, .
Unpaid dues,
op
Total,
.
.
.
.
$5,763 85
M a s sa c h u s e t t s .
*
N ov . 19, 1890.
ss .
Personally appeared H. E. Ruggles, Secretary o f said bank, and made oath that the
foregoing report, by him subscribed, is true.
Before me,
N orfolk,
J a m e s M . F r e e m a n , Justice of the Peace.
N ov . 19, 1890.
ss .
Personally appeared M. F. Conroy, Treasurer of said bank, and made oath that the
securities and cash specified in the foregoing report, by him subscribed, were held by him
at the date thereof.
Before me,
J a m e s M . F r e e m a n , Justice of the Peace.
t
N orfolk,
ss.
N ov . 19, 1890.
Personally appeared A. H. Morse, President, and J. O. Chilson, A. A. Fletcher, H.
M. Bullock, Herbert W. Thayer, T. M. Turner and M. F. McCarthy, directors of said
bank, and made oath that the above report is correct, according to their best knowledge
and belief.
J a m e s M . F r e e m a n , Justice of the Peace.
Before me,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
1891.]
59
PUBLIC DOCUMENT — No. 8.
G A R D N ER C O -O P ER ATIV E B A N K — G A R D N ER .
Incorporated Jan. 14, 1889. Commenced business March 12, 1889.
Capital to be accumulated, $1,000,000.
J a m e s A. S t il e s , Secretary.
A ugu stu s K n o w l t o n , President.
J a m e s A . S t i l e s , Treasurer.
Names of security committee:
G eo . B . H a g e k ,
G uy W . G a r la n d ,
O. O. B r i g h a m .
Regular meetings the second Tuesday of each month.
B a l a n c e S h e e t , O c t o b e r 31, 1890.
L ia b il it ie s .
A ssets.
Loans on real estate, .
Loans on shares, .
Permanent expense account,
Temporary expense account,
Unpaid interest, premiums
and fines, . . . .
Cash in hands of treasurer,.
$25,700
350
253
48
00
00
47
32
74 93
1,661 38
Dues capital, . . . .
Profits capital (all series),
Interest,..................................
Premiums,
. . . .
F i n e s , ..................................
Transfer fees, . . . .
Surplus,..................................
Guaranty fund,
Forfeited share account,
Withdrawal profits,
Forfeiture profits, .
$26,696
971
250
27
18
42
22
48
5
3
00
61
37
99
57
50
26
71
88
76
45
$28,088 10
$28,088 10
—
How are shares issued, — quarterly, semi-annually or annually ?
annually.
Number of shares issued during the y e a r , ..................................
Number of shares now in force........................................................
Number o f shares now borrowed u p o n , ..................................
Largest number of shares held by any one member, .
Number o f shares withdrawn during the year,
Number o f shares forfeited during the year,
. . . .
Amount o f dues received during the y e a r , ..................................
Highest premium received during the y e a r ,..................................
Lowest premium received during the y e a r , ..................................
Number of members withdrawn during the year,
Present number o f members,
.<
.
. . .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Semi. 410
1,681
. 107
. 25
. 309
. 14
$19,034 00
26
02
58
358
GO
BANK COMMISSIONERS’ REPORT.
[Jan.
. 28
Present number of b o r r o w e r s , ...........................................
. 330
Present number o f n o n - b o r r o w e r s ,..................................
. 26
Number of loans secured by first mortgage of real estate, .
Amount o f loans secured by first mortgage of real estate, .
3
Number and amount of loans on shares,
.
.
.
.
Largest loan to any one m em b er,...........................................
Smallest loan to any one member,. ........................................
Amount o f expenses o f the corporation for the year ending Oct. 31, 1890,
Amount o f profits credited to shares during the year, .
Amount of cash received during the year, .
.
.
Amount o f cash paid during the y e a r ,..................................
Date o f examination by commissioner : October 3.
$25,700
350
2,100
50
184
944
20,655
19,058
00
00
00
00
67
06
66
32
Mar.,
Sept.,
Mar.,
Sept.,
1889,
1889,
1890,
1890,
.
1
.
2
3
4
1,109
200
235
137
$20
14
8
2
79
36
10
00
Total
Value.
Value per
Share.
D ate
I ssue .
op
No. of
Shares.
Series.
Reconciliation o f Share Account with Dues and Profits Capital.
$23,056
2,872
1,903
274
11
00
50
00
Dues capital, as per ledger,
Profits capital (all series),
as per ledger, .
Unpaid dues,
$26,696 00
Total..............................
$28,190 61
971 61
523 00
85 00
Dues paid in advance,
$28,190 61
Total, .
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 ecester,
ss.
Nov. 3, 1890.
Personally appeared James A. Stiles, Secretary of said bank, and made oath that
the foregoing report, by him subscribed, is true.
Before me,
R a l p h W . B l a c k , Justice of the Peace.
W
o r c e s t e r , ss.
N ov . 3, 1890.
Personally appeared James A. Stiles, Treasurer of said bank, and made oath that
the securities and cash specified in the foregoing report, by him subscribed, were held
by him at the date thereof.
Before me,
R a l p h W . B l a c k , Justice of the Peace.
W
orcester,
ss.
Nov. 6, 1890.
Personally appeared Augustus Knowlton, President, and M. J. Ryan, Geo. B. Hager,
L. A. Greenwood, Chas. A. Adams and Guy W . Garland, directors of said bank, and
made oath that the above report is correct, according to their best knowledge and belief.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Before me,
R a l p h W . B l a c k , Justice of the Peace.
1891.]
PUBLIC DOCUMENT — No. 8.
Cl
G E R M A N IA CO -O P E R A TIV E B A N K — BOSTON.
Incorporated Oct. 3, 1885. Commenced business Oct. 20, 1885.
Capital to be accumulated, $1,000,000.
J o se p h T o n d o r f , Jr., President.
A n d r e w M . D o r r , Secretary.
M a r t in H a se n fu ss , Treasurer.
Names of security committee:
H erman Obem ark ,
T o b ia s K l u e b e r ,
John F a n d e l l .
Regular meetings the third Tuesday of each month.
B a l a n c e S h e e t , O c t o b e r 31, 1890.
A ssets.
L ia b il it ie s .
$120,000 00
Loans on real estate, .
3,500 00
Loans on shares, .
605 61
Permanent expense account,
109 50
Temporary expense account,
2,896 88
Cash in hands of treasurer,.
60 75
Cash in hands of secretary,.
Dues capital, . . . .
$111,817 00
Profits capital (all series),
13,525 20
Interest,..................................
675 55
F i n e s , ..................................
14 04
Surplus,..................................
415 10
Guaranty fund,
434 61
Forfeited share account,
20 83
Withdrawal profits,
132 63
Forfeiture profits, .
12
Suspense account, .
137 66
$127,172 74
$127,172 74
How are shares issued, — quarterly, semi-annually or annually? Semi
annually.
Number of shares issued during the y e a r , .................................. 1,770
Number of shares now in force, .
.
. ' .
.
.
.
4,391
Number o f shares now borrowed u p o n , ...........................................806
Largest number of shares held by any one member, .
. . .
25
Number of shares withdrawn during the year, .
. . .
1,144
Number of shares forfeited during the year,.......................................... 36
Amount of dues received during the y e a r , ...................................................
Highest per centum o f interest received during the year: 11.}.
Lowest per centum of interest received during the year: 5f.
Number o f members withdrawn during the year,
.
.
.
.
133
Present number of members,....................................................................578
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$47,216 00
62
BANK COMMISSIONERS’ REPORT.
Present number of b o r r o w e r s , ...................................................
Present number of n o n - b o r r o w e r s , ...........................................
Number of loans secured by first mortgage of real estate, .
Amount of loans secured by first mortgage of real estate, .
Number and amount of loans on s h a r e s , ..................................
Largest loan to any one m em b er,...................................................
Smallest loan to any one m e m b e r , ...........................................
Amount of expenses of the corporation for the year ending Oct. 31,
Amount of profits credited to shares during the year, .
Amount of cash received during the y e a r , ..................................
Amount of cash paid during the y e a r , ...........................................
Date of examination by commissioner : May 15.
[Jan.
. 98
. 480
. 71
*
$120,000
3,500
4,000
50
1,094
1890, .
7,170
84,167
83,094
.
28
00
00
00
00
88
72
11
21
Oct.,
April,
Oct.,
April,
Oct.,
April,
Oct.,
April,
Oct.,
April,
Oct.,
1885,
1886,
1886,
1887,
1887,
1888,
1888,
1889,
1889,
1890,
1890,
.
.
.
.
.
.
.
.
.
.
.
1
2
3
4
5
6
7
8
9
10
11
598
200
124
141
242
542
495
30
611
793
615
$71
63
55
48
40
33
26
20
13
7
1
77
76
93
29
94
73
79
01
45
13
00
Total
Value.
Value per
Share.
D ate
I ssue .
of
No. of
Shares.
Series.
Reconciliation o f Share Account with Dues and Profits Capital.
$42,918
12,752
6,935
6,808
9,907
18,281
13,261
600
8,217
5,654
615
Dues paid in advance,
Dues capital, as per ledger, $111,817 00
Profits capital (all series),
13,525 20
as per ledger, .
627 00
Unpaid dues,
*
17 00
Total, .
$125,969 20
Com m o n w ea lth
Su ffo lk ,
46
00
32
89
48
66
05
30
95
09
00
ss .
of
Total,
.
.
.
.
$125,969 20
M assach u setts.
B oston , N ov . 19, 1890.
Personally appeared Andrew M. Dorr, Secretary of said bank, and made oath that
the foregoing report, by him subscribed, is true.
Before me,
Su f f o l k ,
C h a r l e s V. J a e g e r , Justice of the Peace.
ss .
B oston , N ov . 19, 1890.
Personally appeared Martin Hasenfuss, Treasurer of said bank, and made oath that
the securities and cash specified in the foregoing report, by him subscribed, were held
by him at date thereof.
Before me,
C h a s . Y. J a e g e r , Justice of the Peace.
S u f f o l k , ss .
'
B oston , N ov . 19, 1890.
Personally appeared Joseph Torndorf, Jr., President, and Gerhard Kranefuss, Jacob
Buchlolz, Tobias Klueber, Theodor Fandell and Herman Obermark, directors of said
bank, and made oath that the above report is correct, according to their best knowledge
and belief.
C h a s . V . J a e g e r , Justice of the Peace.
Before me,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
1891.]
63
PUBLIC DOCUMENT — No.
GLOUCESTER C O -O P E R A T IV E B A N K — G LOUCESTER.
Incorporated March 2, 1887- Commenced business April 14, 1887.
Capital to be accummulated, $1,000,000.
_____
W . F r a n k P a r s o n s , President.
E v e r e t t L a n e , Treasurer.
/
E v e r e t t L a n e , Secretary.
Names of security committee:
'G e o . E . L a n e ,
H e n r y A . Sw e t t ,
E d w i n O. P a r s o n s ,
H e r b e r t P r e ss o n ,
A sa G . A n d r e w s .
Regular meetings the second Thursday of each month.
B a l a n c e S h e e t , O c t o b e r 31, 1890.
L ia b il it ie s .
A ssets.
Loans on real estate, .
Loans on shares, .
Unpaid interest, .
Unpaid premium,
Unpaid fines,
Cash in hands of treasurer,.
$40,500
3,350
64
8
20
1,266
00
00
75
65
86
24
Dues capital............................
Profits capital (all series), •.
Interest,..................................
Premiums,
.
. . .
Fines,
•
Surplus,..................................
Guaranty fund,
Withdrawal profits,
$45,210 50
How are shares issued, — quarterly, semi-annually or annually ? Semiannually.
. 511
Number of shares issued during the year, .
1,708
Number of shares now in force, . . .
.
. 389
Number of shares now borrowed upon,.
. 25
Largest number o f shares held by any one member,
. 244
Number o f shares withdrawn during the year,
Amount of dues received during the year, .
Highest premium received during the year, .
Lowest premiujn received during the year, .
. 55
Number of members withdrawn during the year, .
. 338
Present number o f members....................................
. 56
Present number of borrowers,
. . .
.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$41,368
3,388
255
28
13
100
47
9
00
01
00
29
98
59
00
63
$45,210 50
$18,922 00
35
05
64
BANK COMMISSIONERS’ REPORT.
Present number of non-borrowers............................................................. 282
Number of loans secured by first mortgage of real estate, . . .
43
Amount o f loans secured by first mortgage of real estate, . . . .
Number and amount of loans on s h a r e s , ........................................... 23
Largest loan to any one m em b er,....................................................................
Smallest loan to any one member,....................................................................
Amount o f expenses of the corporation for the year ending Oct. 31, 1890, .
Amount o f profits credited to shares during the y e a r ,..................................
Amount of cash received during the y e a r , ..................................
22,558
Amount o f cash paid during the y e a r , ..........................................
21,696
Date of examination by commissioner: July 31.
[Jan.
$40,500 00
3,350 00
2,400 00
50 00
441 53
1,999 53
42
55
April,
Oct.,
April,
Oct.,
April,
Oct.,
April,
Oct.,
1887,
1887,
1888,
1888,
1889,
1889,
1890,
1890,
1
483
101
.
2
3
4
5
6
.
.
8
.
.
7
140
136
206
231
319
92
$47 64
40 38
33 32
26 47
19 82
13 36
7 09
1 00
Total
Value.
Value per
Share.
D ate
I ssue .-
of
No. of
Shares.
Series.
Reconciliation o f Share Account with Dues and Profits Capital.
$23,010
4,078
4,664
3,599
4,082
3,086
2,261
92
Dues capital, as per ledger,
Profits capital (all series),
as per ledger, .
Unpaid dues,
$41,368 00
3,388 01
351 00
231 00
Dues paid in advance,
$45,107 01
Total, .
Co m m onw ealth
E ssex,
12
38
80
92
92
16
71
00
ss .
of
Total,
.
.
.
.
$45,107 01
M a s sa c h u s e t t s .
G l o u c e s t e r , N ov . 22, 1890.
Personally appeared Everett Lane, Secretary of said bank, and made oath that the
foregoing report, by him subscribed, is true.
Before me,
E ssex ,
ss.
H o w a r d G. L a n e , Justice of the Peace.
G l o u c e s t e r , N ov . 22, 1890.
Personally appeared Everett Lane, Treasurer of said bank, and made oath that the
securities and cash specified in the foregoing report, by him subscribed, were held by
him at the date thereof.
Before me,
H o w a r d G. L a n e , Justice of the Peace.
E ssex,
ss .
G l o u c e s t e r , N ov . 22, 1890.
Personally appeared W . Frank Parsons, President, and Sidney F. Haskell, David O.
Frost, Edwin O. Parsons, Geo. E. Merchant and Joseph C. Shepherd, directors of said
bank, and made oath that the above report is correct, according to their best knowledge
and belief.
H o w a r d G . L a n e , Justice of the Peace.
Before me,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
1891.]
65
PUBLIC DOCUMENT — No. 8.
G R A F TO N CO -O P ER ATIV E B A N K — G R AFTO N .
Incorporated Oct. 19, 1887. Commenced business Nov. 10, 1887.
Capital to be accumulated, $1,000,000.
J o se p h A. D o d g e , President.
A l d e n A . H o w e , Treasurer.
J o h n B . S cott , Secretary.
Names o f security committee:
H e n r y F. W
in g ,
C h a s. H . N elson,
A r t h u r M. B i g e l o w .
Regular meetings the second Thursday of each month.
B a l a n c e S h e e t , O c t o b e r 31, 1890.
A ssets.
Loans on real estate, .
Loans on shares, .
Suspense account,
Cash in hands of treasurer,.
L ia b il it ie s .
$18,706
1,903
110
61
00
00
88
89
$20,781 77
Dues capital, .
Profits capital (all series),
Surplus.....................................
Guaranty fund,
$19,016
1,457
227
81
00
20
44
13
$20,781 77
How are shares issued, — quarterly, semi-annually or annually? Semi
annually.
Number o f shares issued during the year, .
.
.
.
.
. 188
Number of shares now in f o r c e , ............................................................747
Number of shares now borrowed upon, .
.
.
.
.
. 230
Largest number o f shares held by any one member, .
.
.
.
25
Number of shares withdrawn during the y e a r , .................................. 128
N umber of shares forfeited during the year............................................. 6
Amount of dues received during the year.........................................................$8,983 00
Highest per centum of interest received during the year,
. . .
7
Lowest per centum o f interest received during the year,
. . .
6
Number o f members withdrawn during the year, .
.
.
. 22
Present number o f members, ........................................................................137
Present number of b o r r o w e r s , ................................................................ 29
Present number of non-borrowers,...............................................................108
Number of loans secured by first mortgage of real estate, . . .
14
Amount of loans secured by first mortgage of real estate, . . .
.
18,706 00
Number and amount of loans on s h a r e s , ........................................... 15
1,903 00
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
[Jan.
BANK COMMISSIONERS’ REPORT.
66
Largest loan to any one m em b er,.................................................................... $4,000 00
Smallest loan to any one member,....................................................................
25 00
Amount o f expenses of the corporation for the year ending Oct. 31, 1890, .
91 31
Amount of profits credited to shares during the y e a r ,..................................
926 91
Amount of cash received during the y e a r , ...................................................
12,868 79
Amount of cash paid during the y e a r , ............................................................
13,039 65
Date of examination by commissioner: January 10.
Nov.,
May,
Nov.,
May,
Nov.,
May,
1887,
1888,
1888,
1889,
1889,
1890,
325
65
98
89
97
73
$39
32
25
18
12
6
25
25
44
81
36
09
Total
Value.
1
2
3
4
5
6
Value per
Share.
D ate
I ssue.
No. of
Shares.
of
Series.
Reconciliation o f Share Account with Dues and Profits Capital.
$12,756
2,096
2,493
1,674
1,198
444
Dues capital, as per ledger,
Profits capital (all series),
as per ledger, .
Unpaid dues,
$19,016 00
1,457 20
234 00
44 00
Dues paid in advance,
$20,707 20
Total, .
Co m m o n w e a l t h
W o rcester,
25
25
12
09
92
57
oe
Total,
.
.
.
.
$20,707 20
M assa ch u setts.
ss .
N ov . 8, 1890.
Personally appeared John B. Scott, Secretary of said bank, and made oath that the
foregoing report, by him subscribed, is true.
Before me,
S. C. W i l l i s , Jr., Justice of the Peace.
W o rcester,
ss .
N ov . 20, 1890.
Personally appeared Alden A. Howe, Treasurer of said bank, and made oath that the
securities and cash specified in the foregoing report, by him subscribed, were held by
him at the date thereof.
Before me,
W o rcester,
D. W
ebster
ss .
N o r c r o ss , Notary Public.
N ov . 18, 1890.
Personally appeared Jos. A. Dodge, President, and J. H. Carpenter, Geo. A. Dearborn,
Dan’l N. Gibbs, Henry F. Wing and Clarence R. Pratt, directors of said bank, and made
oath that the above report is correct, according to their best knowledge and belief.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Before me,
D. W
ebster
N o r c r oss , Notary Public.
1891.]
67
PUBLIC DOCUMENT — No. 8.
G U A R D IA N C O -O P E R A T IV E B A N K — BOSTON.
Incorporated July 2, 1886. Commenced business Aug. 6, 1886.
Capital to be accumulated, $1,000,000.
D. E l r e d g e , Secretary.
G a m a l i e l B r a d f o r d , President.
D. E l d r e d g e , Treasurer.
Names of security committee :
H ir a m A m e s ,
J. K . F e l l o w s ,
J. M . S im p s o n ,
A . II . C l a p p ,
W. H . R o b e r t s .
Regular meetings the first Friday of each month.
B a l a n c e S h e e t , O c t o b e r 31, 1890.
A ssets.
L ia b il it ie s .
$133,250 00
Loans on real estate, .
5,050 00
Loans on shares, .
100 00
Permanent expense account,
241 67
Temporary expense account,
Real estate by foreclosure, .
1,243 17
9,539 04
Cash in hands of treasurer,.
Dues capital, . . . .
$134,443 00
Profits capital (all series),
10,095 14
3,282 21
Interest,..................................
292 30
Premiums,
. . .
.
115 24
F i n e s , ..................................
1 50
Transfer fees............................
680 58
Surplus,..................................
300 00
Guaranty fund,
69 75
Forfeited share account,
144 16
Withdrawal profits,
$149,423 88
$149,423 88
How are shares issued, — quarterly, semi-annually or annually?
annually.
Number o f shares issued during the y e a r , ..................................
Number o f shares now in f o r c e , ...........................................
Number o f shares now borrowed u p o n , ..................................
Largest number o f shares held by any one member, .
Number of shares withdrawn during the year, .
.
.
.
Number o f shares forfeited during the year,
.
.
.
.
Amount o f dues received during the y e a r , ..................................
Highest premium received during the y e a r ,..................................
Lowest premium received during the y e a r , ..................................
Number o f members withdrawn during the year,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Semi1,201
4,700
. 883
. 25
. 601
. 35
.
.
$53,948 00
20
05
68
BANK COMMISSIONERS’ REPORT.
[Jan.
Present number o f m e m b e r s , ............................................................... 687
Present number of b o r r o w e r s , .................................................................91
Present number of n o n - b o r r o w e r s ,.......................................................596
Number o f loans secured by first mortgage of real estate, . . .
86
Amount o f loans secured by first mortgage of real estate, .
. . .
$133,259 00
Number and amount of loans on s h a r e s , ........................................... 28
5,050 00
Largest loan to any one m em ber,....................................................................
4,000 00
Smallest loan to any one m e m b e r , ............................................................
50 00
Amount o f expenses of the corporation for the year ending Oct. 31, 1890, .
1,293 38
Amount o f profits credited to shares during the y e a r ,.................................. 6,117 15
Amount of cash received during the y e a r , .................................
88,638
17
Amount of cash paid during the y e a r ,.........................................
87,166
27
Date o f examination by commissioner : February 17.
Aug.,
Dec.,
June,
Dec.,
June,
Dec.,
June,
Dec.,
June,
1886,
1886,
1887,
1887,
1888,
1888,
1889,
1889,
1890,
1
2
3
4
5
6
•
7
8
9
668
517
472
338
623
499
466
570
547
$56
51
44
37
30
23
17
11
5
64
65
38
32
47
82
36
09
00
Total
Value.
Value per
Share.
D ate
I ssue .
of
No. of
Shares.
Series.
Reconciliation o f Share Account with Dues and Profits Capital.
$37,835
26,703
20,947
12,614
18,982
11,886
8,089
6,321
2,735
Dues paid in advance,
Dues capital, as per ledger, $134,443 00
Profits capital (all series),
as per ledger, .
10,095 14
Unpaid dues,
1,803 00
226 00
Total, .
$146,341 14
Co m m o n w ea lth
Su ffo lk ,
52
05
36
16
81
78
76
30
00
of
Total,
.
.
$146,341 14
M assach u setts.
N ov . 18, 1890.
ss .
Personally appeared D. Eldredge, Secretary o f said bank, and made oath that the
foregoing report, by him subscribed, is true.
Before me,
Su ffo lk ,
W
alter
ss .
H . R o b e r t s , Justice of the Peace.
N ov . 18, 1890.
Personally appeared D. Eldredge, Treasurer of said bank, and made oath that the
securities and cash specified in the foregoing report, by him subscribed, were held by
him at the date thereof.
Before me,
Su f f o l k ,
ss .
W
alter
H. R o b e r t s , Justice of the Peace.
Nov. 18, 1890.
Personally appeared Gamaliel Bradford, President, and John K. Fellows, Willis S.
Mason, C. Willard Carter, Roscoe Sylvester and Eugene C. Leonard, directors of said
bank, and made oath that the above report is correct, according to their best knowledge
and belief.
Before me,
W a l t e r H. R o b e r t s , Justice of the Peace.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
1891.]
69
PUBLIC DOCUMENT — No. 8.
H A V E R H IL L C O -O P E R A T IV E B A N K — H A V E R H IL L .
Incorporated Aug. 20, 1877. Commenced business Sept. 3, 1877.
Capital to be accumulated, $ 1,000,000.
A m os W . D o w n in g , President.
W il l i a m H. P a g e , Secretary.
W i l l i a m H. P a g e , Treasurer.
Names of security committee :
I r a O. S a w y e r ,
B. F. L e ig h t o n ,
D . B. C l u f f .
Regular meetings the first Monday of each month.
B a l a n c e S h e e t , O c t o b e r 31, 1890.
A ssets.
L ia b il it ie s .
Loans on real estate, .
$244,025 00
Loans on shares, .
2,500 00
Permanent expense account,
50 00
Unpaid interest, .
2,598 00
Unpaid premiums,
367 85
Unpaid fines,
154 90
38 19
Mortgage balance,
27,000
00
Town of Bradford note,
20,758 99
Cash in hands of treasurer,.
Dues capital, .
. . .
$243,396 00
45,429 05
Profits capital (all series),
Surplus,..................................
671 98
734 93
Guaranty fund,
486 40
Forfeited share account,
Matured shares,
6,774 57
$297,492 93
$297,492 93
How are shares issued, — quarterly, semi-annually or annually ? Semi
annually.
Number o f shares issued during the y e a r , .................................. 1,291
Number of shares now in force, .
.................................. 6,521
Number o f shares now borrowed u p o n , .................................. 1,378
Largest number o f shares held by any one member, .
.
.
.2 5
Number o f shares withdrawn during the year............................... 1,263
Number o f shares forfeited during the yea r,.......................................... 42
Number of shares retired during the y e a r , ...........................................139
Number o f shares matured during the y e a r , .................................. ,3 9
Amount o f dues received during the y e a r , ................................................... $80,432 00
Highest premium received during the y e a r ,...................................................
15
Lowest premium received during the y e a r , ...................................................
05
Number o f members withdrawn during the year,
.
.
.
.
152
Present number o f members,....................................................................870
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
70
BANK COMMISSIONERS’ REPORT.
[Jan.
Present number o f b o r r o w e r s , ............................................................192
Present number of n o n - b o r r o w e r s ,................................................... 678
Number of loans secured by first mortgage of real estate, .
.
. 177
Amount o f loans secured by first mortgage of real estate,.
.
.
.
$244,025 00
15
2,500 00
Number and amount of loans on s h a r e s , ............................................
Largest loan to any one m em b er,....................................................................
5,000 00
Smallest loan to any one member,...................................................
50
00
Amount of expenses of the corporation for the year ending Oct. 31, 1890, .
1,702 29
Amount o f profits credited to shares during the y e a r ,.................
17,130
46
Amount o f cash received during the y e a r , ..................................
155,719
81
Amount o f cash paid during the year, .
.
.
.
.
.
.
147,942 30
Date of examination by commissioner: June 19.
July,
Jan.,
July,
Jan.,
July,
Jan.,
July,
Jan.,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
1880,
1881,
1881,
1882,
1882,
1883,
1883,
1884,
1884,
1885,
1885,
1886,
1886,
1887,
1887,
1888,
1888,
1889,
1889,
1890,
.
.
.
.
.
.
.
.
.
.
.
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
74 $180 34
31
167 83
26
156 36
145 23
97
42
134 48
125
124 06
147
113 98
104 26
107
259
88 77
130
79 89
71 32
347
295
63 04
418
55 04
277
47 31
503
39 83
700
32 61
843
25 63
903
18 89
529
12 38
668
6 09
Total
Value.
Value per
Share.
D ate
I ssue.
No. of
Shares.
of
Series.
Reconciliation o f Share Account with Dues and Profits Capital.
$13,345 16
5,202 73
4,065 36
14,087 31
5,648 16
15,507 50
16,755 06
11,155 82
22,991 43
10,385 70
24,748 04
18,596 80
23,006 72
13,104 87
20,034 49
22,827 00
21,606 09
17,057 67
6,549 02
4,068 12
Dues paid in advance,
336 00
Total, .
$291,079 05
Com m onw ealth
E ssex ,
Dues capital, as per ledger, $243,396 00
Profits capital (all series),
as per ledger, .
45,429 05
Unpaid dues,
2,254 00
of
Total.............................. $291,079 05
M assach u setts.
ss .
N ov . 3, 1890.
Personally appeared William H. Page,
Secretary of said
the foregoing report, by him subscribed, is true.
Before me,
E ssex,
Before me,
ss .
andmade oath that
J o h n A. P a g e , Justice of the Peace.
N ov . 3, 1890.
ss.
Personally appeared William
the securities and cash specified
by him at the date thereof.
E ssex,
bank,
•
H. Page,
Treasurer of said
bank,
andmade oath that
in the foregoing report, by him subscribed, were held
J o h n A. P a g e , Justice of the Peace.
Nov. 3,1890.
Personally appeared Amos W . Downing, President, and M. Warren Hanscom, Ira O.
Sawyer, B. F. Leighton, Geo. W . Ladd and D. B. ClufF, directors of said bank, and
made oath that the above report is correct, according to their best knowledge and belief.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Before me,
J o h n A. P a g e , Justice of the Peace.
1891.]
71
PUBLIC DOCUMENT — No. 8.
H E N R Y W IL S O N C O -O P E R A TIV E B A N K — N A T IC K .
Incorporated Oct. 23, 1886. Commenced business Nov. 12, 1886.
Capital to be accumulated, $1,000,000.
J ohn l i . A d a m s , President.
M ilto n F. J o n e s , Secretary.
H a r v e y H . W h i t n e y , Treasurer.
Names of security committee:
E. S. D o d g e ,
J o se p h W i l d e ,
A m os P . C h e n e y ,
E d w a r d M cM a n u s ,
J. E.
SW EE TLAN D.
Regular meetings the second Friday of each month.
B a l a n c e S h e e t , O c t o b e r 31, 1890.
L ia b il it ie s .
A ssets.
Loans on real estate, .
Loans on shares, .
Permanent expense account,
Unpaid interest, .
Unpaid premium,
Unpaid fines,
Cash in hands of treasurer,.
$73,200
5,700
273
460
58
69
6,388
00
00
00
25
15
48
05
$86,148 93
Dues capital, .
.
.
.
Profits capital (all series),
Surplus,..................................
Guaranty fund,
Forfeited share account,
$77,314
8,104
439
270
21
00
46
19
00
28
$86,148 93
How are shares issued, — quarterly, semi-annually or annually ? Semi
annually.
Number o f shares issued during the y e a r , ...........................................705
Number o f shares now in f o r c e , ................................................... 2,742
Number o f shares now borrowed upon................................................... 282
Largest number of shares held by any one member, .
.
.
.
25
Number of shares withdrawn during the y e a r , .................................. 504
Number of shares forfeited during the y ea r,...........................................10
Amount o f dues received during the y e a r , ................................................... $32,098 00
Highest premium received during the y e a r ,...................................................
10
Lowest premium received during the y e a r , ...................................................
05
Number of members withdrawn during the y e a r ,..................................72
Present number o f m e m b e r s , ................................................... '
427
Present number of borrowers,
88
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
72
BANK COMMISSIONERS’ REPORT.
Present number of n o n - b o r r o w e r s ,...........................................
. 339
Number o f loans secured by first mortgage of real estate, ■
. 72
Amount o f loans secured by first mortgage of real estate, .
Number and amount of loans on s h a r e s , ..................................
. 42
Largest loan to any one m em ber,...................................................
Smallest loan to any one m e m b e r , ...........................................
Amount o f expenses of the corporation for the year ending Oct. 31, 1890, .
Amount o f profits credited to shares during the year, .
Amount of cash received during the y e a r , ..................................
Amount o f cash paid during the y e a r ,...........................................
Date of examination by commissioner : August 5.
[Jan.
$73,200
5,700
3,500
50
491
4,536
58,607
55,542
00
00
00
00
13
37
05
06
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
1886,
1887,
1887,
1888,
1888,
1889,
1889,
1890,
1
2
3
4
5
6
.
.
7
8
522
308
424
238
282
298
294
376
$54
47
39
32
25
18
12
6
68
07
70
55
62
90
40
10
Total
Value.
Valueper
Share.
D ate
I ssue .
of
No. of
Shares.
„
Series.
Reconciliation o f Share Account with Dues and Profits Capital.
$28,542
14,497
16,832
7,746
7,224
5,632
3,645
2,293
Dues paid in advance,
Dues capital, as per ledger,
Profits capital (all series),
as per ledger, .
Unpaid dues,
$77,314 00
Total..............................
$86,572 46
8,104 46
1,154 00
156 00
Total, .
$86,572 46
Com m onw ealth
M id d l e s e x ,
96
56
80
90
84
20
60
60
ss .
of
M a s sa c h u s e t t s .
N ov . 18, 1890.
Personally appeared Milton F. Jones, Secretary of said bank, and made oath that the
foregoing report, by him subscribed, is true.
Before me,
M id d l e s e x ,
ss .
J a m e s M c M a n u s , Justice of the Peace.
N ov . 18, 1890.
Personally appeared Harvey H. Whitney, Treasurer of said bank, and made oath that
the securities and cash specified in the foregoing report, by him subscribed, were held
by him at the date thereof.
Before me,
M id d l e s e x ,
ss .
J a m e s M c M a n u s , Justice of the Peace.
N ov . 18, 1890.
Personally appeared John R. Adams, President, and Judson E. Sweetland, Joseph
Wilde, F. M. Forbush, Amos P. Cheney and Edw. McManus, directors of said bank, and
made oath that the above 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 cM a n u s , Justice of the Peace.
1891.]
73
PUBLIC DOCUMENT — No. 8.
HIJSTG U AM C O -O P E R A TIV E B A N K — H IN G H A M .
Incorporated June 1, 1889. Commenced business June 5, 1889.
Capital to be accumulated, $1,000,000.
E b e d L. R i p l e y , President.
W
alter
B . F o s t e r , Secretary.
W a l t e r B . F o s t e r , Treasurer.
Names o f security committee:
E . W aters B u rr,
T h o m a s H otve ,
F r a n c is M. R
E d w . W . Ba r t l e t t ,
E dmund H e r sey ,
ip l e y .
Regular meetings the first Wednesday of each month.
B alance Sheet , October 31, 1890.
L ia b il it ie s .
A ssets.
Loans on real estate, .
Loans on shares, .
Permanent expense account,
Suspense account,
Cash in hands of treasurer,.
$11,750
150
128
18
1,299
00
00
00
37
88
Hues capital, .
. . .
Profits capital (all series),
Surplus,..................................
Guaranty fund,
Forfeited share account,
Other liabilities,
$13,346 25
How are shares issued, — quarterly, semi-annually or annually ? Semi
annually.
. 491
Number o f shares issued during the year, .
. . .
1,002
Number o f shares now in f o r c e , ...........................................
. 80
Number o f shares now borrowed upon,
. . .
.
. 25
Largest number o f shares held by any one member, .
Number o f shares withdrawn during the year,
. 47
. 11
Number of shares forfeited during the year,.
Amount o f dues received during the year, . . . .
Highest premium received during the year, .
.
.
.
Lowest premium received during the year, . . .
.
. 13
Number o f members withdrawn during the year,
. 188
Present number o f m e m b e r s , ...........................................
. 16
Present number of b o r r o w e r s , ...........................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$12,752
468
25
6
6
86
00
46
59
51
86
83
$13,346 25
$10,220 00
25
05
74
BANK COMMISSIONERS’ REPORT.
Present number o f n o n - b o r r o w e r s ,...........................................
. 172
Number o f loans secured by first mortgage of real estate, .
. 14
Amount o f loans secured by first mortgage of real estate, .
Number and amount of loans on s h a r e s , ..................................
2
Largest loan to anv one m em b er,...................................................
Smallest loan to anv one m e m b e r , ...........................................
Amount of expenses of the corporation for the year ending Oct. 31, 1890,.
Amount of profits credited to shares during the year, .
Amount of cash received during the y e a r , ..................................
Amount of cash paid during the y e a r ,...........................................
Date of examination by commissioner : November 28.
[Jan.
$11,750
150
2,000
50
81
441
11,132
9,863
00
00
00
00
10
19
19
74
June, 1889,
Nov., 1889,
May, 1890,
1
2
3
\
514
191
272
$17 73
12 36
6 09
Total
Value.
Value per'
Share, j
ate
I ssu e.
No. of
Shares.
D
of
Series.
1
Beconciliation o f Share Account with Dues and Profits Capital.
$9,113 22
2,360 76
1,656 48
Dues paid in advance,
$12,752 00
468 46
110 00
200 00
Total, .
$13,330 46
Com m onw ealth
P lym outh,
Dues capital, as per ledger,
Profits capital (all series),
as per ledger, .
Unpaid dues,
ss .
of
Total,
.
.
.
.
$13,330 46
M assach u setts.
H in g h a m , N ov . 8, 1890.
Personally appeared Walter B. Foster, Secretary of said bank, and made oath that the
foregoing report, by him subscribed, is true.
Before me,
P lym outh,
ss .
E d w a r d B. P r a t t , Justice of the Peace.
H in g h a m , N ov . 8, 1890.
Personally appeared Walter B. Foster, Treasurer of said bank, and made oath that the
securities and cash specified in the foregoing report, by him subscribed, were held by
him at the date thereof.
Before me,
P lym outh,
ss .
E d w a r d B. P r a t t , Justice of the Peace.
H in g h a m , N o v . 8, 1890.
Personally appeared Ebed L. Ripley, President, and Wm. Fearing, 2d, George Price,
Francis M. Ripley, Eugene F. Skinner and Chas. W. Burr, directors of said bank, and
made oath that the above report is correct, according to their best knowledge and belief.
Before me,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
E d w a r d B. P r a t t , Justice of the Peace.
1891.]
75
PUBLIC DOCUMENT — No. 8.
HOLBROOK C O -O P E R A T IV E B A N K — HOLBROOK.
Incorporated May 31, 1888. Commenced business June 10, 1888.
Capital to be accumulated, $1,000,000.
E. N e w to n T h a y e k , President.
G e o k g e T. W
G e o r g e T. W
il d e ,
il d e ,
Secretary.
Treasurer.
Names of security committee :
Z. A a r o n F r e n c h ,
W
H o w ard P latts,
alter
E. W h it e .
Regular meetings the second Tuesday of each month.
B a l a n c e S h e e t , O c t o b e r 31, 1890.
L ia b il it ie s .
A ssets.
Loans on real estate, .
Loans on shares, .
Permanent expense account,
Temporary expense account,
Cash in hands of treasurer,.
$15,625
320
170
49
556
00
00
00
55
74
$16,721 29
Dues capital, . . . .
Profits capital (all series), .
Interest,..................................
Premiums,
. . . .
Fines........................................
Transfer fees, . . . .
Surplus,..................................
Guaranty fund,
.
.
.
Withdrawal profits,
$15,648
626
356
20
16
2
35
10
6
$16,721 29
How are shares issued — quarterly, semi-annually or annually ? Semi
annually.
Number of shares issued during the y e a r , ...........................................141
Number o f shares now in f o r c e , ..................................
.
667
Number of shares now borrowed upon,
.
.
.
.
.8 1
Largest number of shares held by any one member, .
.
.
.
20
Number of shares withdrawn during the y e a r , .................................. 119
Amount of dues received during the y e a r , ................................................... $7,984 00
Highest premium received during the y e a r ,...................................................
Lowest premium received during the y e a r , ....................................................
Number of members withdrawn during the y e a r , .............................. 30
Present number o f members,
.
.
.
.
.
.
.
. 160
Present number of b o r r o w e r s , ............................................................ 17
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
00
01
25
35
54
00
49
00
65
10
05
76
BANK COMMISSIONERS’ REPORT.
[Jan.
Present number o f n o n - b o r r o w e r s , ...........................................
. 143
Number of loans secured by first mortgage of real estate, .
. 15
Amount of loans secured by first mortgage of real estate, .
Number and amount of loans on s h a r e s , ..................................
2
Largest loan to any one m em b er,...................................................
Smallest loan to any one member,...................................................
Amount of expenses of the corporation for the year ending Oct. 31, 1890, .
Amount of profits credited to shares during the year, .
Amount of cash received during the y e a r , ..................................
Amount o f cash paid during the y e a r ,...........................................
Date of examination by commissioner : September 8.
$15,625
320
1,725
100
155
675
10,052
10,565
00
00
00
00
00
93
48
68
June,
Dec.,
June,
Dec.,
June,
1888,
1888,
1889,
1889,
1890,
.
1
2
3
4
5
384
135
33
83
32
$30
23
17
11
5
31
77
35
09
00
Total
Value.
Value per
Share, j
D ate
I ssue .
of
No. of
Shares.
Series.
Reconciliation o f Share Account with Dues and Profits Capital.
$11,639
3,208
572
920
160
Dues paid in advance,
Dues capital, as per ledger,
Profits capital (all series),
as per ledger, .
Unpaid dues,
$15,648 00
626 01
240 00
13 00
Total, .
$16,514 01
Co m m o n w ea lth
N orfolk,
04
95
55
47
00
op
Total,
.
.
.
.
$16,514 01
M assach usetts.
H o l b r o o k , Dec. 2, 1890.
ss .
Personally appeared Geo. T. Wilde, Secretary of said bank, and made oath that the
foregoing report, by him subscribed, is true.
Before me,
J o h n W. C h e s s m a n , Justice of the Peace.
*
N orfolk,
ss.
Dec. 2, 1890.
Personally appeared Geo. T. Wilde, Treasurer of said bank, and made oath that the
securities and cash specified in the foregoing report, by him subscribed, were held by
him at the date thereof.
Before me,
N orfolk,
J o h n W . C h e s s m a n , Justice of the Peace.
Dec. 2, 1890.
ss .
Personally appeared E. Newton Thayer, President, and E. Snell, W . F. Gleason,
H. L. Gordon, Walter E. White and Lewis Alden, directors of said bank, and made
oath that the above report is correct, according to their best knowledge and belief.
Before me,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
J o h n W . C h e s s m a n , Justice of the Peace.
1891.]
77
PUBLIC DOCUMENT — No. 8.
H O LY O K E C O -O P E R A TIV E B A N K — H O LY O K E .
Incorporated July 24, 1880. Commenced business Aug. 25, 1880.
Capital to be accumulated, $1,000,000.
J o se p h W . M o o r e , President.
D w i g h t O. J u d d , Secretary.
D w i g h t O. J u d d , Treasurer.
Names of security committee:
T h o m a s W. D o y l e ,
J o h n H. M o n t g o m e r y ,
C h a r l e s L. A l l e n .
Regular meetings the fourth Wednesday of each month.
B a l a n c e S h e e t , O c t o b e r 31, 1890.
L ia b il it ie s .
A ssets.
Loans on real estate, .
$111,900 00
Loans on shares, .
11,250 00
98 72
Permanent expense account,
9 20
Real estate by foreclosure, .
Furniture account,
400 00
Unpaid dues, interest, pre
1,584 97
miums and fines,
9,432 45
Cash in hands o f treasurer, .
$114,676 00
Dues capital, .
.
.
.
19,682 25
Profits capital (all series),
44 08
Surplus,..................................
259 84
Guaranty fund,
Forfeited share account,
13 17
$134,675 34
$134,675 34
How are shares issued, — quarterly, semi-annually or annually
annually.
Number o f shares issued during the y e a r , ..................................
Number o f shares now in f o r c e , ...................................................
Number o f shares now borrowed u p o n , ..................................
Largest number o f shares held by any one member, .
Number o f shares withdrawn during the year, .
.
.
.
Number o f shares forfeited during the year,
. . . .
Number o f shares retired during the y e a r , ..................................
Amount o f dues received during the y e a r , ..................................
Highest premium received during the y e a r ,..................................
Lowest premium received during the' y e a r , ..................................
Number of members withdrawn during the year,
Present number of members,...........................................................
Present number of borrowers,
.
.
.
.
.
.
.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Semi. 963
3,063
. 825
.* 25
564
5
7
.
85
473
142
$36,129 20
18
05
78
[Jan.
BANK COMMISSIONERS’ REPORT.
Present number of n o n - b o r r o w e r s ,................................................... 331
Number o f loans secured by first mortgage of real estate, . . .
97
Amount o f loans secured by first mortgage of real estate, .
.
.
. $111,900 00
Number and amount of loans on s h a r e s , ...........................................46
11,250 00
Largest loan to any one m e m b e r,....................................................................
4,250 00
Smallest loan to any one member,....................................................................
50 00
Amount o f expenses of the corporation for the year ending Oct. 31, 1890, .
1,199 41
Amount o f profits credited to shares during the y e a r,..................................
6,697 65
Amount o f cash received during the y e a r , ...................................................
58,396 04
Amount of cash paid during the y e a r , ............................................................
54,687 21
Date o f examination by commissioner : April 4.
Aug.,
Jan.,
July,
Nov.,
May,
Nov.,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
1880,
1881,
1881,
1881,
1882,
1882,
1883,
1884,
1884,
1885,
1885,
1886,
1886,
1887,
1887,
1888,
1888,
1889,
1889,
1890,
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
.
.
.
.
.
.
.
.
.
.
10 $170 13
36
160 98
13
150 30
15
143 30
90
133 08
66
123 22
131
104 26
81
95 13
86 41
142
55
77 96
69 72
77
61 77
107
133
54 05
153
46 53
291
39 27
222
32 25
289
25 41
18 78
267
327
12 33
558
6 08
Total
Value.
Value per,
Share, j
D ate
I ssue.
of
No. of
Shares. ■
Series,
j
Reconciliation o f Share Account with Dues and Profits Capital.
$1,701
5,795
1,953
2,149
11,977
8,132
13,658
7,705
12,270
4,287
5,368
6,609
7,188
7,119
11,427
7,159
7,343
5,014
4,031
3,392
Dues paid in advance,
30
28
90
50
20
52
06
53
22
80
44
39
65
09
57
50
49
26
91
64
Dues capital, as per ledger, $114,676 00
Profits capital (all series),
19,682 25
as per ledger, .
72 00
Total, .
$134,358 25
Comm onw ealth
H am pden,
•
of
Total.............................. $134,358 25
M a s sa c h u s e t t s .
N ov . 26, 1890.
ss .
Personally appeared Dwight O. Judd, Secretary of said bank, and made oath that
the foregoing report, by him subscribed, is true.
Before me,
H am pden,
II e r v e y K. H a w e s , Notary Public.
N ov . 26, 1890.
ss .
Personally appeared Dwight O. Judd, Treasurer of said bank, and made oath that the
securities and cash specified in the foregoing report, by him subscribed, were held by
him at the date thereof.
Before me,
H am pden,
I I e r v e y K. H a w e s , Notary Public.
N ov . 26, 1890.
ss .
Personally appeared Joseph W . Moore, President, and Chas. L. Alien, W. H. Bullard,
Jas. S. Lassiter, J. H. Montgomery and Thomas Connors, directors of said bank, and
made oath that the above report is correct, according to their best knowledge and belief.
Before me,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
H e r v e y K. H a w e s , Notary Public.
1891.]
PUBLIC DOCUMENT — No. 8
79
HOM E C O -O P E R A TIV E B A N K — W O R C E S T E R .
Incorporated June 10, 1882. Commenced business June 16, 1882.
Capital to be accumulated, $1,000,000.
E . H. T ow ne , President.
T. J. H a s t in g s , Secretary.
T. J. H a s t in g s , Treasurer.
Names of security committee :
D a n ie l P a r l i n ,
D . C. L e o n a r d ,
E. J. B a r d w e l l ,
Regular meetings the Friday preceding the third Monday of each month.
B a l a n c e S h e e t , O c t o b e r 31, 1890.
A ssets.
L ia b il it ie s .
Loans on real estate, .
$258,455 90
Loans on shares, .
10,865 00
Permanent expense account,
500 00
Temporary expense account,
574 12
Real estate by foreclosure, .
4,742 04
Cash in hands of treasurer,.
6,501 99
Dues capital, . . . .
$239,354 00
Profits capital (all series),
34,318 17
Interest,..................................
6,983 99
F i n e s , ..................................
231 30
Transfer fees, . . .
.
10 00
Surplus.....................................
61 83
Guaranty fund,
507 00
Forfeited share account,
172 76
$281,639 05
$281,639 05
How are shares issued, — quarterly, semi-annually or annually? Semi
annually.
Number o f shares issued during the y e a r , ..........................................2,329
Number o f shares now in f o r c e , ...........................................................7,055
Number o f shares now borrowed u p o n , .......................................... 1,371
Largest number o f shares held by any one member, .
. . .
25
Number o f shares withdrawn during the year, .
.
.
.
1,626
Number o f shares forfeited during the year,
.
.
.
. 5
Number o f shares retired during the year..................................................131
Amount o f dues received during the year, .
.
.
.
.
.
.
Highest per centum o f interest received during the year: 7|.
Lowest per centum o f interest received during the year: 6.
Number o f members withdrawn during the year,
.
. . .
171
Present number o f m e m b e r s , ............................................................808
Present number o f b o r r o w e r s , ............................................................186
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$82,733 00
80
BANK COMMISSIONERS’ REPORT.
[Jan.
Present number of n o n - b o r r o w e r s ,................................................... 622
Number of loans secured by first mortgage of real estate, .
.
. 179
Amount of loans secured by first mortgage of real estate,.
.
.
.
$258,455 90
Number and amount of loans on s h a r e s , ...................................... 62
10,86500
Largest loan to any one member, .
.
.
5,000 00
Smallest loan to any one member,........................................................... ........
50 00
Amount o f expenses of the corporation for the year ending Oct. 31, 1890, .
1,32358
31
Amount of profits credited to shares during the y e a r , .................... 15,215
Amount of cash received during the y e a r , .................................
154,105
97
Amount of cash paid during the y e a r ,..........................................
170,639
12
Date o f examination by commissioner : January 17.
June,
Dee.,
June,
Dee.,
June,
Dee.,
June,
Dee.,
June,
Dee.,
June,
Dee.,
June,
Dee.,
June,
Dee.,
June,
1882,
1882,
1883,
1883,
1884,
1884,
1885,
1885,
1886,
1886,
1887,
1887,
1888,
1888,
1889,
1889,
1890,
.
.
.
.
.
.
.
108
98
179
230
164
176
218
296
339
373
390
495
481
762
731
968
1,047
$131
121
112
102
93
84
76
68
60
52
44
37
30
23
17
11
5
45
58
02
74
69
91
40
15
17
46
98
74
75
98
43
11
00
Total
Value.
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
Value per
Share.
No. of
Shares.
D ate
I ssue.
of
Series.
Reconciliation o f Share Account with Dues and Profits Capital.
$14,196
11,914
20,051
23,630
15,365
14,944
16,655
20,172
20,397
19,567
17,542
18,681
14,790
18,272
12,741
10,754
5,235
Dues capital, as per ledger, $239,354 00
Profits capital (all series),
34,318 17
as per ledger, .
Unpaid dues,
1,903 00
662 00
Dues paid in advance,
$275,575 17
Total, .
Com m o n w ea lth
W
60
84
58
20
16
16
20
40
63
58
20
30
75
76
33
48
00
o r c e s t e r , ss .
of
Total,
$275,575 17
M a s sa c h u s e t t s .
N ov .
10, 1890.
Personally appeared T. J. Hastings, Secretary of said bank, and made oath that the
foregoing report, by him subscribed, is true.
Before me,
W
o rcester, ss.
M a r v in M. T a v l o r , Justice of the Peace.
N ov .
10, 1890.
Personally appeared T. J. Hastings, Treasurer of said bank, and made oath that the
securities and cash specified in the foregoing report, by him subscribed, were held by
him at the date thereof.
Before me,
W orcester,
ss .
M a r v in M. T a y l o r , Justice of the Peace.
N ov .
15, 1890.
Personally appeared E. H. Towne, President, and W. S. Barton, H. G. Crane, Chas.
L. Gates, David Armitage and Everett J. Bardwell, directors of said bank, and made
oath that the above 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 B. G l a s g o w , Justice of the Peace.
1891.]
81
PUBLIC DOCUMENT — No. 8.
H O M E STE AD C O -O P E R A TIV E B A N K — BOSTON-.
Incorporated Sept. 11, 1877. Commenced business Sept. 12, 1877.
Capital to be accumulated, $1,000,000.
D. E l d r e d g e , Secretary.
J o se p h S. R o p e s , President.
D. E l d r e d g e , Treasurer.
Names of security committee :
H. F. E l d e r ,
J. M. S im p s o n ,
John
W . H. R o b e r t s ,
•
W. S. M ason ,
D. C a m p b e l l .
Regular meetings the second Wednesday of each month.
B a l a n c e S h e e t , O c t o b e r 31, 1890.
L ia b il it ie s .
A ssets.
$256,400 00
Loans on real estate, .
12,450 00
Loans on shares, .
350 00
Temporary expense account,
3,127 77
Real estate by foreclosure, .
22 56
F in e s ,..................................
4,800 00
Mortgage, . . . .
3,656 31
Cash in hands of treasurer,.
$231,812 00
Dues capital, .
.
.
.
42,884 54
Profits capital (all series),
1,641 00
Interest,..................................
Premiums................................
167 301
Transfer fees, .
. . .
2 00 !
Surplus,..................................
2,122 54 ]
Guaranty fund,
1,650 00 j
Forfeited share account,
231 91
Withdrawal profits,
205 13
90 22
Retired share account, .
$280,806 64
How are shares issued, — quarterly, semi-annually or annually?
annually.
Number of shares issued during the y e a r , ..................................
Number of shares now in f o r c e , ...................................................
Number o f shares now borrowed upon,...........................................
Largest number o f shares held by any one member, .
Number of shares withdrawn during the year,
.
.
.
.
Number of shares forfeited during the y e a r,..................................
Number of shares retired during the year........................................
Number o f shares matured during the year.....................................
Amount of dues received during the y e a r , ..................................
Highest premium received during the year......................................
Lowest premium received during the y e a r , ..................................
Number of members withdrawn during the year, .
. . .
Present number of members,............................................................
Present number of b o r r o w e r s , ...................................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$280,806 64
Semi1,437
6,498
1,632
. 25
. 957
. 56
. 250
. 76
•
. 183
. 883
. 203
$76,042 00
25
05
/
82
BANK COMMISSIONERS’ REPORT.
[Jan.
Present number o f non-borrowers,........................................................... 680
Number ofloans secured by first mortgage of real estate, .
.
. 192
Amount o f loans secured by first mortgage of real estate,.
.
.
.
$256,400 00
Number and amount of loans on s h a r e s , ......................................
53
12,450 00
Largest loan to any one m e m b e r,....................................................................
4,500 00
Smallest loan to any one member.....................................................
50
00
Amount of expenses of the corporation for the year ending Oct.31, 1890, .
2,207 72
Amount of profits credited to shares during the y e a r ,.................
18,354
01
Amount of cash received during the y e a r , ..................................
174,503
52
Amount o f cash paid during the year...............................................
174,912
81
Date of examination by commissioner: February 17.
Mar., 1880,
Sept., 1880,
Mar., 1881,
Sept., 1881,
Mar., 1882,
Sept., 1882,
Mar., 1883,
Sept., 1883,
Mar., 1884,
Sept., 1884,
Mar., 1885,
Sept., 1885,
Mar., 1886,
Sept., 1886,
Mar., 1887,
Sept., 1887,
Mar., 1888,
Sept., 1888,
Mar., 1889,
Sept., 1889,
Mar., 1890,
Sept., 1890,
.
.
.
.
.
.
.
.
.
.
.
39
43
26
25
96
89
79
126
149
67
371
191
337
370
165
395
506
962
582
551
756
573
$189 02
176 58
164 52
152 96
141 71
130 88
120 35
110 27
100 54
91 22
82 25
73 63
65 31
57 27
49 50
41 99
34 74
27 74
20 97
14 43
8 11
2 00
Total
Value.
6
■7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
Value per
Share.
_ .
I
D ate
I ssu e.
No. of
Shares.
of
Series.
Reconciliation o f Share Account with Dues and Profits Capital.
$7,371 78
7,592 94
4,277 52
3,824 00
13,604 16
11,648 32
9,507 65
13,894 02
14,980 46
6,111 74
30,514 75
14,063 33
22,009 47
21,189 90
8,167 50
16,586 05
17,578 44
26,685 88
12,204 54
7,950 93
6,131 16
1,146 00
213 00
Dues paid in advance,
$277,253 54
Total, .
Com m onw ealth
Suffolk,
Dues capital, as per ledger, $231,812 00
Profits capital (all series),
42,884 54
as per ledger, .
Unpaid dues,
2,557 00
of
Total.............................. $277,253 54
M assa ch u setts.
N ov . 18, 1890.
ss.
Personally appeared D. Eldredge, Secretary of said bank, and made oath that the
foregoing report, by him subscribed, is true.
Before me,
W a l t e r H. R o b e r t s , Justice of the Peace.
Su f f o l k ,
ss .
N ov . 18, 1890.
Personally appeared D. Eldredge, Treasurer of said bank, and made oath that the
securities and cash specified in the foregoing report, by him subscribed, were held
by him at the date thereof.
Before me,
W a l t e r H. R o b e r t s , Justice of the Peace.
Suffolk,
N ov . 18, 1890.
ss.
Personally appeared J. S. Ropes, President, and Willis S. Mason, Edwin P. Bostwick, Patrick Hayes, H. Thos. Elder, and Edwin A. Stevens, directors of said bank, and
made oath that the above report is correct, according to their best knowledge and belief.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Before me,
W
alter
H.
R
oberts,
Justice of the Peace.
PUBLIC DOCUMENT — No.
1891.]
H O USA T O N IC
83
C O -O P E R A TIV E B A N K — G R EAT
B A R R IN G T O N .
Incorporated June 3, 1889. Commenced business July 1, 1889.
Capital to be accumulated, $1,000,000.
N
a t h a n ie l
W
arn er
,
President.
T
T
Z.
im o t h y
P
otter
,
im o t h y
Z.
P
otter
,
Secretary.
Treasurer.
Names of security committee :
T
im o t h y
Z.
P
otter
E. S.
,
R. N.
O
T
h atcher
,
rton.
Regular meeting the first Monday of each month.
B a l a n c e S h e e t , O c t o b e r 31, 1890.
A ssets.
Loans on real estate, .
Loans on shares, .
Permanent expense account,
Cash in hands of treasurer,.
L ia b il it ie s .
$4,050
180
56
824
00
00
36
68
$5,111 04
Dues capital, . . . .
Profits capital (all series),
Interest.....................................
F i n e s , ..................................
Transfer fees,
Guaranty fund,
Withdrawal profits,
$4,962
65
72
5
00
20
82
08
25
2 34
3 35
$5,111 04
How are shares issued, — quarterly, semi-annually or annually? Semi
annually.
Number of shares issued during the y e a r , .......................................... 141
Number o f shares now in f o r c e , ........................................................... 389
Number of shares now borrowed u p o n , ...........................................37
Largest number of shares held by any one member, . . .
.
15
Number o f shares withdrawn during the y e a r , .................................. 151
Amount of dues received during the y e a r , ...................................................$4,725 00
Highest per centum o f interest received during the year: 6|.
Lowest per centum of interest received during the year: 6.
Number o f members withdrawn during the year,
. . . .
45
Present number o f members,.................................................................... 124
Present number of b o r r o w e r s , ........................................................... 10
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
84
BANK COMMISSIONERS’ REPORT.
[Jan.
Present number of n o n - b o r r o w e r s ,................................................... 114
Number o f loans secured by first mortgage of real estate, . . .
7
Amount o f loans secured by first mortgage o f real estate, .
.
.
.
Number and amount of loans on s h a r e s , ...........................................
3
Largest loan to any one m em ber,....................................................................
Smallest loan to any one m e m b e r , ...........................................................
Amount of expenses of the corporation for the year ending Oct. 31, 1890, .
Amount o f profits credited to shares during the y e a r ,..................................
5,809
Amount of cash received during the y e a r , .................................
Amount of cash paid during the y e a r , ..........................................
5,629
Date of examination by commissioner: June 25.
$4,050 00
180 00
1,200 00
50 00
40 62
76 80
19
57
July, 1889,
Jan., 1890,
July, 1890,
1
2
3
273
53
63
$16 20
10 20
4 00
Total
Value.
Value per
Share.
D ate
I ssue .
of
No. of
Shares.
Series.
Reconciliation o f Share Account with Dues and Profits Capital.
$4,422 60
540 60
252 00
Co m
,
ss.
65 20
191 00
$5,218 20
$5,218 20
Total,
e r k s h ir e
$4,962 00
3 00
Dues paid in advance,
B
Dues capital, as per ledger,
Profits capital (all series),
as per ledger, .
Unpaid dues,
m on w ealth
of
M
assach u setts.
N
ov.
17, 1890.
Personally appeared Timothy Z. Potter, Secretary of said bank, and made oath that
the foregoing report, by him subscribed, is true.
Before me,
T. I. F e r g u s o n , Justice of the Peace.
B e r k s h ir e ,
ss.
N ov . 17, 1890.
Personally appeared Timothy Z. Potter, Treasurer of said bank, and made oath that
the securities and cash specified in the foregoing report, by him subscribed, were held by
him at the date thereof.
Before me,
T. I. F e r g u s o n , Justice of the Peace.
B e r k s h ir e ,
ss.
N ov . 17,1890.
Personally appeared Nathaniel Warner, President, and E. S. Thatcher, R. N. Orton,
W . H. Snyder, Martin A. French, O. C. Houghtaling, W . T. Van Deusen and R. H.
McDonald, directors of said bank, and made oath that the above report is correct, accord
ing to their best knowledge and belief.
T. I. F e r g u s o n , Justice of the Peace.
Before me,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
1891,]
PUBLIC DOCUMENT — No. 8.
85
H U DSON C O -O P E R A TIV E B A N K — H U DSON.
Incorporated Oct. 25, 1885. Commenced business Nov 19, 1885.
Capital to be accumulated, $1,000,000.
A . T. K n ig h t , President.
C. H. H i l l , Secretary.
C h a s . E. H a l l , Treasurer.
Names of security committee:
J o s ia h S. W
B e n j . H a s t in g s ,
C h a s . F. W
elsh ,
elch.
Regular meetings the third Thursday of each month.
B a l a n c e S h e e t , O c t o b e r 31, 1890.
A ssets.
Loans on real estate, .
Loans on shares, .
Permanent expense account,
Accrued interest, .
Accrued fines,
Accrued premium,
Cash in hands of treasurer,.
L ia b il it ie s .
$61,800
1,2.50
145
143
20
19
154
on
00
52
25
24
20
38
Dues capital, .
.
.
.
Profits capital (all series),
Surplus,..................................
Guaranty fund,
Forfeited share account,
$63,532 59
How are shares issued, — quarterly, semi-annually or annually? Semi
annually.
Number of shares issued during the y e a r , .................................. 1,667
Number of shares now in f o r c e , ................................................... 2,863
Number of shares now borrowed upon,................................................... 367
Largest number o f shares held by any one member, . . .
.
25
Number of shares withdrawn during the y e a r , .................................. 470
Number of shares forfeited during the year,...........................................15
Amount of dues received during the y e a r , ...................................................
Highest per centum o f interest received during the year: 9^0Lowest per centum o f interest received during the year: 6.
Number of members withdrawn during the yea r,.................................. 62
Present number o f members,....................................................................446
Present number of borrowers,
. . .
.
.
.
.
61
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$58,156 00
5,091 11
6 8 17
115 65
101 66
$63,532 59
$30,194 00
86
BANK COMMISSIONERS’ REPORT.
[Jan.
Present number of non-borrowers,............................................................385
Number o f loans secured by first mortgage of real estate, . . .
53
Amount o f loans secured by first mortgage of real estate, .
.
.
.
$61,800 00
Number and amount of loans on s h a r e s , ...........................................
8
1,250 00
Largest loan to any one m em b er,....................................................................
3,100 00
Smallest loan to any one member,....................................................................
50 00
Amount o f expenses of the corporation for the year ending Oct. 31, 1890, .
355 51
Amount o f profits credited to shares during the y e a r ,.................................. 3,014 24
Amount o f cash received during the year........................................
41,503
92
Amount o f cash paid during the year...............................................
41,363
95
Date o f examination by commissioner: June 16.
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
1885,
1886,
1886,
1887,
1887,
1888,
1888,
1889,
1889,
1890,
1
2
3
4
5
6
.
7
8
9
10
167
42
68
50
237
213
210
447
685
744
$69 76
61 96
54 31
46 83
39 55
32 48
25 60
18 90
12 40
6 10
Total
Value.
Value per
Share.
D ate
I ssue .
op
No. of
Shares.
Series.
Reconciliation o f Share Account with Dues and Profits Capital.
$11,649
2,602
3,693
2,341
9,373
6,918
5,376
8,448
8,494
4,538
Dues capital, as per ledger,
Profits capital (all series),
as per ledger, .
Unpaid dues,
$58,156 00
Total..............................
$63,676 11
5,091 11
429 00
241 00
Dues paid in advance,
$63,676 11
Total, .
Com m onw ealth
M id d l e s e x ,
92
32
08
50
35
24
00
30
00
40
of
M a s sa c h u s e t t s .
ss .
N ov . 1, 1890.
Personally appeared C. H. Hill, Secretary of said bank, and made oath that the
foregoing report, by him subscribed, is true.
Before me,
M id d l e s e x ,
F e e d O. W
elsh ,
ss .
Justice of the Peace.
N ov . 1, 1890.
Personally appeared C. E. Hall, Treasurer of said bank, and made oath that the
securities and cash specified in the foregoing report, by him subscribed, were held by
him at the date thereof.
Before me,
F e e d O. W e l s h , Justice of the Peace.
M id d l e s e x ,
ss .
N ov . 7, 1890.
Personally appeared Arthur T. Knight, President, and E. P. Miles, Alson Taylor,
Chas. F. Welch, Frank E. Brown and E. J. Elliott, directors of said bank, and made
oath that the above report is correct, according to their best knowledge and belief.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Before me,
J o sia h S. W
elsh ,
Justice of the Peace.
1891.]
87
PUBLIC DOCUMENT — No. 8.
H Y D E P A R K CO -O P E R A TIV E B A N K — H Y D E PA R K .
Incorporated March 26, 1886. Commenced business May 5, 1886.
Capital to be accumulated, $1,000,000.
A ndrew W
ash bu rn ,
T h o m a s E. F a u n c e , Secretary.
T h o m a s E. F a u n c e , Treasurer.
President.
Names of security committee:
J a m e s D. M c A v o y ,
A lo n zo H. R
G e o r g e L. S t o c k in g .
ic h a r d s o n ,
Regular meetings the first Wednesday of each month.
B alance Sheet , October 31, 1890.
L ia b il it ie s .
A ssets.
Loans on real estate, .
Loans on shares, .
Permanent expense account,
Temporary expense account,
Cash in hands of treasurer,.
$49,900
1,200
291
133
2,751
00
00
81
33
01
$54,282 15
Dues capital, .
.
.
.
Profits capital (all series),
Interest,..................................
Premiums,
. . .
.
F i n e s , ..................................
Transfer fees, . . . .
Surplus,..................................
Guaranty fund,
Withdrawal profits,
Other liabilities,
$49,919
3,588
528
67
6
1
33
95
41
00
85
50
55
17
00
48
74
78
08
$54,282 15
How are shares issued, — quarterly, semi-annually or annually? Semi
annually.
Number of shares issued during the y e a r , .................................. 1,518
Number of shares now in f o r c e , ................................................... 2,907
Number o f shares now borrowed u p o n , .......................................... 360
Largest number o f shares held by any one member, .
.
.
.
25
Number of shares withdrawn during the y e a r , .................................. 660
Number of shares retired during the year................................................20
Amount of dues received during the y e a r , ................................................... $29,520 00
Highest premium received during the y e a r ,...................................................
25
Lowest premium received during the y e a r , ...................................................
05
Number o f members withdrawn during the year,
.
.
.
.7 1
Present number of members,.................................................................... 424
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
88
BANK COMMISSIONERS’ REPORT.
Present number of b o r r o w e r s , ............................................................46
Present number o f n o n - b o r r o w e r s , ................................................... 378
Number of loans secured by first mortgage of real estate, . . .
38
Amount of loans secured by first mortgage of real estate,.
.
.
.
Number and amount of loans on s h a r e s , ......................................
10
Largest loan to any one member........................................................................
Smallest loan to any one m e m b e r , ..........................................
50
Amount of expenses of the corporation for the year ending Oct. 31, 1890, .
Amount of profits credited to shares during the y e a r ,..................... 2,513
35,807
Amount o f cash received during the y e a r , .................................
Amount of cash paid during the y e a r , ................................................... ........
Date of examination by commissioner: March 13.
[Jan.
$49,900 00
1,200 00
3,400 00
00
588 73
12
36
33,316 57
May,
Mar.,
Sept.,
Mar.,
Sept.,
Mar.,
Sept.,
Mar.,
Sept.,
1886,
1887,
1887,
1888,
1888,
1889,
1889,
1890,
1890,
.
1
.
.
2
3
4
5
6
7
8
9
137
166
88
173
244
386
373
783
557
$61
48
41
34
27
20
14
8
2
55
90
62
51
60
92
42
11
00
Total
Value.
Value per
Share.
D ate
I ssue .
of
No. of
Shares.
Series.
Reconciliation o f Share Account with Dues and Profits Capital.
$8,432
8,117
3,662
5,970
6,734
8,075
5,378
6,350
1,114
Dues capital, as per ledger,
Profits capital (all series),
as per ledger, .
Unpaid dues,
$49,919 00
Total..............................
$54,086 85
3,588 85
579 00
252 00
Dues paid in advance,
$54,086 85
Total, .
Com m onw ealth
N orfolk,
35
40
56
23
40
12
66
13
00
of
M assa ch u setts.
N ov . 18, 1890.
ss .
Personally appeared Thomas E. Faunce, Secretary of said bank, and made oath that
the foregoing report, by him subscribed, is true.
Before me,
N orfolk,
ss .
F r a n k B. R i c h , Justice o f the Peace.
N ov . 18, 1890.
Personally appeared Thomas E.Faunce, Treasurer of said bank, and made oath that
the securities and cash specified in the foregoing report, by him subscribed, were held
by him at the date thereof.
Before me,
F r a n k B. R i c h , Justice of the Peace.
N o r f o l k , ss.
Personally appeared Andrew Washburn,
Lewis, A. H. Richardson, Geo. E. Whiting
bank, and made oath that the above report is
and belief.
Before me,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Nov. 18, 1890.
President, and Geo. L. Stocking, D. W.
and Howard Jenkins, directors of said
correct, according to their best knowledge
F r a n k B. R i c h , Justice o f the Peace.
1891.]
89
PUBLIC DOCUMENT — No. 8.
L A W R E N C E C O -O P ER ATIV E B A N K — L A W R E N C E .
Incorporated March 12, 1888. Commenced business April 6, 1888.
Capital to be accumulated, $1,000,000.
W m . F o h b e s , President.
A. M. F a y , Secretary.
W
arren
J. A b b o t t , Treasurer.
Names of security committee :
A . M. F a y ,
O sc a r S p e a r ,
C o l in K e r r .
Regular meetings the first Friday of each month.
Balance Sheet , O ctober 31, 1890.
L ia b il it ie s .
A ssets.
Loans on real estate, .
Loans on shares, .
Permanent expense account,
Temporary expense account,
Suspense account,
Cash in hands of treasurer,.
Cash in hand of secretary, .
$42,650
1,550
227
21
3
3,216
168
00
00
67
50
39
46
34
$47,837 36
Dues capital............................
Profits capital (all series),
Interest.....................................
Premiums,
.
. . .
Transfer fees,
Surplus,..................................
Guaranty fund,
Withdrawal profits,
$45,209
2,234
212
24
00
12
50
35
75
80 76
72 99
2 89
$47,837 36
How are shares issued, — quarterly, semi-annually or annually? Semi
annually.
Number of shares issued during the y e a r , .................................. 1,297
Number o f shares now in f o r c e , ............................................................ 3,015
Number o f shares now borrowed u p o n , .............................................. 228
Largest number o f shares held by any one member, .
.
.
.2 5
Number o f shares withdrawn during the year............................................479
Amount of dues received during the y e a r , ................................................... $30,972 00
Highest premium received during the year.......................................................
75
Lowest premium received during the y e a r , ...................................................
05
N umber of members withdrawn during the year,
.
.
.
.
91
Present number of members......................................................................... 493
Present number o f b o r r o w e r s , ................................................................. 41
Present number o f non-borrowers,...............................................................452
Number of loans secured by first mortgage of real estate, . . .
35
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
BANK COMMISSIONERS’ REPORT.
Amount o f loans secured by first mortgage of real estate, .
.
.
.
Number and amount of loans on s h a r e s , ...........................................11
Largest loan to any one m em ber,....................................................................
Smallest loan to any one member,....................................................................
Amount of expenses of the corporation for the year ending Oct. 31, 1890, .
Amount o f profits credited to shares during the y e a r ,.................................
Amount o f cash received during the y e a r , ...................................................
Amount o f cash paid during the y e a r ,............................................................
Date o f exandnation by commissioner : April 22.
[Jan.
ss
90
$42,650
1,550
3,200 00
50 00
341 69
1,735 78
39,752 69
36,717 95
April,
Oct.,
April,
Oct.,
April,
Oct.,
1888,
1888,
1889,
1889,
1890,
1890,
.
.
1
2
3
4
5
6
.
.
451
264
612
569
758
391
$33
26
19
13
7
30
48
84
38
10
1 00
Total
Value.
Value per
Share.
D ate
I ssue .
of
No of
Shares.
Series.
Reconciliation o f Share Account with Dues and Profits Capital\
$15,018
6,990
12,142
7,613
5,381
391
30
72
08
22
80
00
Dues capital, as per ledger,
Profits capital (all series),
as per ledger, .
Unpaid dues,
$45,209 00
Total..............................
$47,589 12
2,234 12
146 00
52 00
Dues paid in advance,
Total, .
$47,589 12
Co m m o n w e a l t h
E s s e x , ss.
of
M a s sa c h u s e t t s .
N ov . 28, 1890,
Personally appeared A. M. Fay, Secretary of said bank, and made oath that the
foregoing report, by him subscribed, is true.
Before me,
E ssex,
N e w t o n P. F r y e , Justice of the Peace.
N ov . 28, 1890.
ss .
Personally appeared W . J. Abbott, Treasurer of said bank, and made oath that
the securities and cash specified in the foregoing report, by him subscribed, were held
by him at the date thereof.
Before me,
E ssex,
N e w t o n P. F r y e , Justice of the Peace.
N ov . 28, 1890.
ss .
Personally appeared William P'orbes, President, and Jas. B. Lyall, John Burnham,
Oscar Spear, Geo. W. Hall and John Watts, directors of said bank, and made oath that
the above report is correct, according to their best knowledge and belief.
Before me,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
N e w t o n P. F r y e , Justice of the Peace.
1891.]
91
PUBLIC DOCUMENT — No. 8.
L E O M IN ST E R C O -O P E R A T IV E B A N K — L E O M IN ST E R .
Incorporated May 8, 1888. Commenced business May 18, 1888.
Capital to be accumulated, $1,000,000.
W . E. W h ite , Secretary.
J. G. T y l e r , President.
W . E. W h it e , Treasurer.
Names of security committee :
Chas . E. B igeloav ,
W. F. L a w r e n c e .
H. L. H a r r i s ,
Regular meetings the third Friday of each month.
B alance Sheet , O ctober 31, 1890.
L ia b il it ie s .
A ssets.
Loans on real estate, ,.
Loans on shares, .
Permanent expense account,
Suspense, . . .
.
Cash in hands of treasurer, .
$26,650
210
142
60
610
00
00
81
44
62
Dues capital, .
.
.
.
Profits capital (all series),
Surplus,..................................
Guaranty fund,
Forfeited share account,
$27,673 87
How are shares issued, — quarterly, semi-annually or annually ? Semi
annually.
Number of shares issued during the y e a r , ...........................................568
Number o f shares now in force......................................................... 1,317
Number of shares now borrowed upon,.......................................................172
Largest number o f shares held by any one member, .
.
.
.
25
Number of shares withdrawn during the year........................................ 397
Number of shares forfeited during the y e a r,...........................................4
Amount o f dues received during the y e a r , ...................................................
Highest premium received during the y e a r ,...................................................
Lowest premium received during the year........................................................
Number o f members withdrawn during the year,
.
.
.
.
54
Present number of members,........................................................................239
Present number of b o r r o w e r s , ................................................................. 21
Present number of n o n - b o r r o w e r s ,.......................................................218
Number o f loans secured by first mortgage of real estate, . . .
19
Amount of loans secured by first mortgage of real estate, .
.
.
.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$25,648
1,645
316
60
3
00
10
39
56
82
$27,673 87
$16,078 00
1 05
05
26,650 00
92
BANK COMMISSIONERS’ REPORT.
Number and amount o f loans on s h a r e s , ...........................................2
Largest loan to any one m em b er,....................................................................
Smallest loair to any one member,....................................................................
Amount of expenses of the corporation for the year ending Oct. 31, 1890, .
Amount of profits credited to shares during the year......................................
Amount of cash received during the year, .
.
.
.
.
.
.
Amount o f cash paid during the y e a r ,............................................................
Date of examination by commissioner : June 13.
[Jan.
$210
3,425
325
241
1,370
22,236
24,104
00
00
00
26
11
91
72
May,
Nov.,
May,
Nov.,
May,
1888,
1888,
1889,
1889,
1890,
.
1
2
3
4
5
.
447
202
211
213
244
$32
25
18
12
6
.39
50
83
36
09
Total
Value.
Value per
Share.
D ate
I ssue .
of
No. of
Shares.
Series.
Reconciliation o f Share Account with Dues and Profits Capital.
$14,470
5,151
3,973
2,632
1,485
Dues paid in advance,
Dues capital, as per ledger,
Profits capital (all series),
as per ledger, .
Unpaid dues,
$25,648 00
Total..............................
$27,744 10
1,645 10
451 00
23 00
Total, .
$27,744 10
Co m m o n w e a lth
W
33
00
13
68
96
o r c e s t e r , ss .
of
M a s sa c h u s e t t s .
N ov . 17, 1890.
Personally appeared William E. White, Secretary of said bank, and made oath that
the foregoing report, by him subscribed, is true.
Before me,
W
o r c e s t e r , ss .
H. M. L a n e , Justice of the Peace.
N ov . 17, 1890.
Personally appeared William E. White, Treasurer of said bank, and made oath that the
securities and cash specified in the foregoing report, by him subscribed, were held by
him at the date thereof.
Before me,
W
o r c e s t e r , ss
H. M. L a n e , Justice of the Peace.
N ov . 17, 1890.
Personally appeared Joel G. Tyler, President, and C. E. Bigelow, E. F. Pierce, F. W .
Tenney, W. F. Lawrence and W. H. Wood, directors of said bank, and made oath that
the above report is correct, according to their best knowledge and belief.
Before me,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
H. M. L a n e , Justice of the Peace.
1891.]
93
PUBLIC DOCUMENT — No.
L O W E L L C O -O P E R A T IV E B A N K — L O W E L L .
Incorporated April 29, 1885. Commenced business May 14, 1885.
Capital to be accumulated, $1,000,000.
A r t e m a s B. W o o d w o r t h , President.
G e o r g e W . B a t c h e l d e r , Secretary.
G e o . E. M e t c a l f , Treasurer.
Names of security committee:
J o se p h L . S e d g l e y ,
C a l e b L . Sm i t h ,
S t e p h e n J. J o h n so n .
Regular meetings the first Thursday after the tenth of the month.
B alance Sheet , October 31, 1890.
L ia b il it ie s .
A ssets.
Loans on real estate, .
Loans on shares, .
Permanent expense account,
Suspense interest,
Suspense premium,
Suspense fines, .
Cash in hands of treasurer,.
Cash in hands of secretary,
$92,800
5,040
120
439
33
74
6,929
106
00
00
00
15
40
89
03
80
$105,543 27
Dues capital.............................
Profits capital (all series),
F i n e s , ..................................
Surplus.....................................
Guaranty fund,
Forfeited share account,
Withdrawal profits,
Dues on November account,.
On share loan account, .
$93,649 00
11,477 02
80
178 53
126 80
2 90
2 22
81 00
25 00
$105,543 27
How are shares issued, — quarterly, semi-annually or annually ? Semi
annually.
Number of shares issued during the y e a r , ........................................... 1,660
Number o f shares now in f o r c e , ............................................................ 3,796
Number o f shares now borrowed upon........................................................726
Largest number of shares held by any one member, .
.
.
.
25
Number of shares withdrawn during the y e a r , ......................................768
Amount o f dues received during the y e a r , ................................................... $42,994 00
Highest premium received during the y e a r ,...................................................
25
Lowest premium received during the y e a r , ...................................................
05
Number o f members withdrawn during the year,
.
.
.
.
82
Present number of m e m b e r s , ............................................................... 485
Present number of b o r r o w e r s , ............................................................... 106
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
94
BANK COMMISSIONERS’ REPORT.
Present number o f n o n - b o r r o w e r s ,................................................... 379
Number o f loans secured by first mortgage of real estate, . . .
75
Amount o f loans secured by first mortgage of real estate, .
.
.
.
Number and amount of loans on s h a r e s , ........................................... 31
Largest loan to any one member........................................................................
Smallest loan to any one member,....................................................................
Amount of expenses of the corporation for the year ending Oct. 31, 1890, .
Amount o f profits credited to shares during the year.....................................
61,583
Amount of cash received during the y e a r , ..................................
Amount o f cash paid during the y e a r ,...........................................
63,428
Date of examination by commissioner: June 10.
[Jan.
$92,800 00
5,040 00
3,600 00
50 00
434 70
5,998 54
04
88
1
May, 1885,
Nov , 1885,
May, 1886,
Nov., 1886,
May, 1887,
Nov., 1887,
May, 1888,
Nov., 1888,
May, 1889,
Nov., 1889,
May, 1890,
2
3
4
5
6
7
8
9
10
11
248
133
80
255
106
246
257
413
592
586
880
Total, .
$79
71
63
55
47
39
32
25
18
12
99
51
26
27
49
99
73
73
96
42
6 10
Total
Value.
Value per
Share.
D ate
OF ISSUE.
No. of
Shares.
Series.
Reconciliation o f Share Account with Dues and Profits Capital.
52
83
80
85
94
54
61
49
32
12
00
Dues capital, as per ledger,
Profits capital (all series),
as per ledger, .
Unpaid dues,
$93,649 00
$106,283 02
Total..............................
$106,283 02
$19,837
9,510
5,060
14,093
5,033
9,837
8,411
10,626
11,224
7,278
5,368
Com m onw ealth
M id d l e s e x ,
of
11,477 02
1,157 00
Massach u setts.
ss .
N ov . 5, 1890.
Personally appeared Geo. W . Batchelder, Secretary of said bank, and made oath
that the foregoing report, by him subscribed, is true.
Before me,
M id d l e s e x ,
ss .
E
dw ard
M. T ucke , Justice of the Peace.
N ov . 13, 1890.
Personally appeared Geo. E. Metcalf, Treasurer of said bank, and made oath that
the securities and cash specified in the foregoing report, by him subscribed, were held
by him at the date thereof.
Before me,
M id d l e s e x ,
ss .
C a r l o s H a z e n , Justice of the Peace.
N ov . 18, 1890.
Personally appeared A. B. Woodworth, President, and S. R. Kitchen, J. L. Sedgley,
J. O. Gulline, E. S. Bickford and L. F. Howard, directors of said bank, and made oath
that the above report is correct, according to their best knowledge and belief.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Before me,
H a r r is o n W. S t r a t e r , Justice of the Peace.
1891.]
95
PUBLIC DOCUMENT — No. 8.
M A L D E N C O -O P E R A TIV E B A N K — M A L D E N .
Incorporated April 27, 1887. Commenced business May 9, 1887.
Capital to be accumulated, $1,000,000.
M a r c e l l u s C o g g a n , President.
L e w i s P. B r o w n , Secretary.
L e w is P. B r o w n , Treasurer.
Names of security committee:
E zr a A . Stev en s,
M . S. O ’D o n n e l l ,
G eorge L . G ould ,
Obed B . W elden ,
C h as. E . D en nett.
Regular meetings the second Monday of each month.
B alance Sheet , October 31, 1890.
A ssets.
Loans on real estate, .
Loans on shares, .
Permanent expense account,
Office fixtures,
Suspense, . . .
.
Cash in hands of treasurer,.
L ia b il it ie s .
$67,360
4,650
50
42
273
4,331
00
00
00
00
87
97
$76,707 84
Dues capital, . . .
.
Profits capital (all series),
Surplus,..................................
Guaranty fund,
Forfeited share account,
$69,848
6,390
249
205
15
00
32
42
00
10
$76,707 84
How are shares issued, — quarterly, semi-annually or annually ? Semi
annually.
Number o f shares issued during the y e a r , .............................................. 851
Number o f shares now in f o r c e , ............................................................ 2,847
Number of shares now borrowed u p o n , .............................................. 622
Largest number o f shares held by any one member....................................25
Number o f shares withdrawn during the y e a r , ..................................... 482
Number o f shares forfeited during the y e a r , ......................................... 2
Amount o f dues received during the y e a r , ................................................... $33,463 00
Highest premium received during the y e a r ,...................................................
1 15
Lowest premium received during the y e a r , ...................................................
05
Number o f members withdrawn during the year,
.
.
.
.
71
Present number o f m e m b e r s , ............................................................... 400
Present number o f b o r r o w e r s , ................................................................. 83
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
96
BANK COMMISSIONERS’ REPORT.
Present number o f n o n - b o r r o w e r s ,................................................... 317
Number o f loans secured by first mortgage o f real estate, . . .
57
Amount o f loans secured by first mortgage of real estate, .
.
.
.
Number and amount of loans on s h a r e s , ........................................... 36
Largest loan to any one m em b er,....................................................................
Smallest loan to any one member,....................................................................
Amount of expenses of the corporation for the year ending Oct. 31, 1890, .
Amount of profits credited to shares during the y e a r ,..................................
Amount o f cash received during the y e a r , ..................................
42,288
A m ou n t o f cash paid during the y e a r , ..........................................
39,261
Date o f examination by commissioner : September 25.
[Jan.
f 67,360 00
4,650 00
2,600 00
50 00
370 73
3,978 20
15
56
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
1887,
1887,
1888,
1888,
1889,
1889,
1890,
.
1
2
3
4
5
6
7
537
356
385
355
467
346
401
$47
39
32
25
18
21
83
64
68
93
12 41
6 10
Total
Value.
Value per
Share.
D ate
I ssue .
of
No. of '
Shares.
Series.
Reconciliation o f Share Account with Dues and Profits Capital.
$25,351
14,179
12,566
9,116
8,840
4,293
2,446
$76,970 32
Total, .
Com m onw ealth
ss .
Dues capital, as per ledger,
Profits capital (all series),
as per ledger, .
Unpaid dues,
$69,848 00
Total..............................
$76,970 32
6,390 32
732 00
176 00
Dues paid in advance,
M id d l e s e x ,
77
48
40
40
31
86
10
of
M a s sa c h u s e t t s .
N ov . 10, 1890.
Personally appeared Lewis P. Brown, Secretary of said bank, and made oath that the
foregoing report, by him subscribed, is true.
Before me,
G eo . H o w a r d F a l l , Justice of the Peace.
M id d l e s e x ,
ss .
N ov . 10, 1890.
Personally appeared Lewis P. Brown, Treasurer of said bank, and made oath that the
securities and cash specified in the foregoing report, by him subscribed, were held by him
at the date thereof.
Before me,
G e o . H o w a r d F a l l , Justice of the Peace.
M id d l e s e x ,
ss .
N ov . 10, 1890.
Personally appeared Marcellus Coggan, President, and Harry H. Barrett, Lyman H.
Kichards, John E. Staples, L. B. Jordan, H. C. Gray and J. B. Foster, directors of said
bank, and made oath that the above report is correct, according to their best knowledge
and belief.
G eo . H o w a r d F a l l , Justice of the Peace.
Before me,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
1891.]
97
PUBLIC DOCUMENT — No.
M A N SF IE L D C O -O P ER ATIV E B A N K -M A N S F I E L D .
Incorporated March 10, 1883. Commenced business March 21, 1883.
Capital to be accumulated, $500,000.
C h a s . A . M c A l p w e , President.
A l f r e d B . D a y , Secretary.
A l f r e d B . D a y , Treasurer.
Names of security committee:
S.
C. L o v e l l ,
J a m e s A. W h e e l e r ,
W
il l ia m
C. W
in t e r .
Regular meetings the third Wednesday of each month.
B a l a n c e S h e e t , O c t o b e r 31, 1890.
A ssets.
L ia b il it ie s .
»
Loans on real estate, .
$109,925 00
Loans on shares, .
12,415 00
Permanent expense account,
117 00
Unpaid interest, .
376 09
Unpaid premium,
13 32
Unpaid tines,
48 64
Cash in hands o f treasurer, .
7,096 40
Dues capital, . . . .
$112,818 00
Profits capital (all series), .
16,902 53
Surplus,..................................
41 52
Guaranty fund,
• 229 40
$129,991 45
How are shares issued, — quarterly, semi-annually or annually ? Semi
annually.
Number o f shares issued during the year, .
.
.
.
. 856
Number of shares now in f o r c e , ...........................................
3,166
Number o f shares now borrowed upon,
.
. . .
1,084
Largest number o f shares held by any one member, .
. 25
Number o f shares withdrawn during the year, .
. 690
Amount o f dues received during the year, . . . .
Highest premium received during the year, . . .
.
Lowest premium received during the year, . . . .
Number of members withdrawn during the year,
. 63
Present number o f m e m b e r s , ...........................................
.
. 454
Present number of b o r r o w e r s , ...........................................
. 143
Present number o f n o n - b o r r o w e r s ,..................................
. 311
Number of loans secured by first mortgage of real estate, .
. 104
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$129,991 45
$36,947 00
10
01
98
[Jan.
BANK COMMISSIONERS’ REPORT
Amount o f loans secured by first mortgage of real estate, .
.
.
.
$109,925 00
Number and amount of loans on s h a r e s , ........................................... 40
12,415 00
Largest loan to any one m em b er,....................................................................
2,600 00
Smallest loan to any one m e m b e r , ............................................................
10 00
Amount of expenses of the corporation for the yearending Oct. 31, 1890, .
504 50
Amount o f profits credited to shares duringthe y e a r ,....................................
6,997 12
73,817 04
Amount o f cash received during the y e a r , ...................................................
Amount o f cash paid during the y e a r ,............................................................
70,267 35
Date of examination by commissioner : February 13.
Mar., 1883,
Nov., 1883,
.May, 1884,
Nov., 1884,
May, 1885,
.Nov., 1885,
May, 1886,
Nov , 1886,
May, 1887,
.Nov., 1887,
May, 1888,
Nov., 1888,
May, 1889,
Nov., 1889,
May, 1890,
.
.
.
.
.
173
83
134
70
124
47
135
124
256
322
285
189
476
393
355
$116 40
104 09
95 17
86 47
78 03
69 88
61 94
54 24
46 73
39 47
32 41
25 53
18 86
]2 38
6 10
Total
Value.
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
Value per
Share.
ate
I ssu e.
No. of
Shares.
D
of
Series.
Reconciliation o f Share Account with Dues and Profits Capital.
$20,137
8,639
12,752
6,052
9,675
3,284
8,361
6,725
11,962
12,709
9,236
4,825
8,977
4,865
2,165
Dues capital, as per ledger, $112,818 00
Profits capital (all series),
16,902 53
as per ledger, .
1,060 00
Unpaid dues,
408 00
Dues paid in advance,
$130,780 53
Total, .
Com m onw ealth
B r is t o l ,
20
47
78
90
72
36
90
76
88
34
85
17
36
34
50
of
Total..............................
$130,780 53
M assa ch u setts.
N ov . 19, 1890.
ss .
Personally appeared Alfred B. Day, Secretary of said bank, and made oath that the
foregoing report, by him subscribed, is true.
Before me,
H o w a r d P e r k i n s , Justice of the Peace.
B r is t o l , ss.
Nov. 19, 1890.
Personally appeared Alfred B. Day, Treasurer of said bank, and made oath that the
securities and cash specified in the foregoing report, by him subscribed, were held by
him at the date thereof.
Before me,
H o w a r d P e r k i n s , Justice of the Peace.
B r is t o l ,
N ov . 19, 1890.
ss .
Personally appeared C. A. McAlpine, President, and S. C. Lovell, Wm. C. Winter,
J. A. Wheeler, Wm. S. Stearns and John Somers, directors of said bank, and made oath
that the above report is correct, according to their best knowledge and belief.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Before me,
H o w a r d P e r k i n s , Justice of the Peace.
1891.]
PUBLIC DOCUMENT
No. 8.
99
M A R B L E H E A D C O -O P ER ATIV E B A N K — M A R B L E H E A D .
Incorporated May 5, 1886. Commenced business May 6, 1886.
Capital to be accumulated, $1,000,000.
B e n j . C o l e , Jr., Secretary.
J o n a t h a n C o l e , President.
B e n j . C o l e , Jr., Treasurer.
Names of security committee:
K
V . M a r t in ,
nott
M . V . B . M o rse,
Jo h n L a n c y .
Regular meetings the first Thursday of each month.
B a l a n c e S h e e t , O c t o b e r 31, 1890.
A ssets.
Loans on real estate, .
Loans on shares, .
Permanent expense account,
Unpaid interest,
Unpaid premiums,
Unpaid fines,
Town o f Beverly bonds,
City o f Waltham bonds,
City of Chicago, 111., bonds,
City o f Fort Wayne, Ind.,
bonds,
. . .
.
Cash in hands of treasurer,.
L ia b il it ie s .
$42,200
2,250
190
63
7
11
2,121
1.028
3,317
00
00
00
00
85
80
33
30
00
Dues capita], . . .
.
Profits capital (all series),
Surplus....................................
Guaranty fund,
Forfeited share account,
00
82
39
92
48
1,068 18
1,027 15
$53,284 61
How are shares issued, — quarterly, semi-annually or annually f Semi
annually.
Number of shares issued during the year, .
.
.
.
.
. 194
Number of shares now in f o r c e , ...........................................
1,331
Number o f shares now borrowed upon...................................
. 278
Largest number o f shares held by any one member, .
. 25
Number o f shares withdrawn during the year,
. 183
Number o f shares forfeited during the year,
6
Amount o f dues received during the year, .
.
.
.
. . .
Highest premium received during the year.............................
. . .
Lowest premium received during the year, .
.
.
.
Number o f members withdrawn during the year,
. 57
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$47,416
5,607
31
222
6
$53,284 61
$16,062 00
05
05
BANK COMMISSIONERS’ REPORT.
100
[Jan.
Present number o f m e m b e r s , ...............................................................349
Present number o f b o r r o w e r s , .................................................................53
Present number o f n o n - b o r r o w e r s ,.......................................................296
Number of loans secured by first mortgage of real estate, . . .
52
Amount of loans secured by first mortgage of real estate,
.
.
.
.
$42,200 00
12
2,250 00
Number and amount of loans on shares.....................................................
Largest loan to any one m em b er,....................................................................
4,500 00
Smallest loan to any one member,.....................................................
50
00
Amount o f expenses of the corporation for the year ending Oct. 31, 1890, .
334 64
Amount of profits credited to shares during the y e a r ,............................. 2,713
69
Amount of cash received during the year, .
.
.
.
.
.
. 24,186 51
Amount o f cash paid during the y e a r ,.............................................
25,267
67
Date o f examination by commissioner : September 2.
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
1886,
1886,
1887,
1887,
1888,
1888,
1889,
1889,
1890,
1
2
3
4
5
6
7
8
9
260
236
159
100
235
80
84
82
95
$62
54
46
39
32
25
18
12
22
47
87
54
44
56
88
40
6 11
Total
Value.
Value per
Share.
No. of
Shares.
D ate
I ssue .
of
Series.
Reconciliation o f Share Account with Dues and Profits Capital.
$16,177
12,854
7,452
3,954
7,623
2,044
1,585
1,016
580
Dues capital, as per ledger,
Profits capital (all series),
as per ledger, .
Unpaid dues,
$53,289 82
Total, .
Co m m o n w e a l t h
E ssex,
20
92
33
00
40
80
92
80
45
of
Total,
.
.
.
.
$47,416 00
5,607 82
266 00
$53,289 82
M assach u setts.
ss .
N ov . 11, 1890.
Personally appeared Benjamin Cole, Jr., Secretary of said bank, and made oath
that the foregoing report, by him subscribed, is true.
Before me,
E ssex,
ss .
W
m.
R
ey n o ld s,
Justice of the Peace.
N ov . 11, 1890.
Personally appeared Benj. Cole, Jr., Treasurer of said bank, and made oath that
the securities and cash specified in the foregoing report, by him subscribed, were held
by him at the date thereof.
Before me,
W m . R e y n o l d s , Justice of the Peace.
E ssex,
ss .
N ov . 11, 1890.
Personally appeared Jonathan Cole, President, and Henry O. Symonds, Wm. T.
Litchman, Knott V. Martin, Frank Millett and M. V . B. Morse, directors of said bank,
and made oath that the above report is correct, according to their best knowledge and
belief.
W m . R e y n o l d s , Justice of the Peace.
Before me,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
1891.]
101
PUBLIC DOCUMENT — No. 8.
M AR LB O R O U G H
CO -O P ER ATIV E
BO ROU GH.
BANK — M ARL-
Incorporated April 16, 1890. Commenced business May 1, 1890.
Capital to be accumulated, $1,000,000.
C h a r l e s F. R o b in s o n , President.
C h a r l e s F. H o l y o k e , Secretary.
C h a r l e s F. H o l y o k e , Treasurer.
Names of security committee:
A u s t in B. H o w e ,
J oh n S. F a y ,
H
erbert
C h a r l e s W . C u r t is ,
E d w in F . L o n g l e y ,
C. W r i g h t .
Regular meetings the first Thursday of each month.
B a l a n c e Sh e e t , O c t o b e r
A ssets.
Loans on real estate, .
Permanent expense account,
Cash in hands of treasurer, .
31, 1890.
L ia b il it ie s .
$7,418 00
169 47
3,643 37
Dues capital, . . .
.
Profits capital (all series),
Guaranty fund,
$11,230 84
How are shares issued, — quarterly, semi-annually or annually ? Semiannually.
Number of shares issued during the y e a r , .................................. 1,970
Number o f shares now in force......................................................... 1,841
Number of shares now borrowed upon.......................................................... 45
Largest number of shares held by any one member, .
.
.
.
25
Number o f shares withdrawn during the y e a r , .................................. 129
Amount o f dues received during the y e a r , ...................................................
Highest premium received during the y e a r , ...................................................
Lowest premium received during the y e a r , ...................................................
Number o f members withdrawn during the y ea r,.................................. 27
Present number o f members.......................................................................... 388
Present number o f b o r r o w e r s , .................................................................. 7
Present number o f non-borrowers.................................................................381
Number o f loans secured by first mortgage of real estate, . . .
7
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$11,043 00
184 10
3 74
$11,230 84
$11,470 00
10
05
102
BANK COMMISSIONERS’ REPORT.
Amount of loans secured by first mortgage of real estate, .
.
.
.
Largest loan to any one m em b er,....................................................................
Smallest loan to any one member,....................................................................
Amount of expenses of the corporation for the year ending Oct. 31, 1890, .
Amount o f profits credited to shares during the y e a r ,..................................
Amount o f cash received during the y e a r , ...................................................
Amount of cash paid during the y e a r , ...........................................................
Date of examination by commissioner : September 5.
[Jan.
$7,41800
2,000 00
350 00
8498
184 10
11,736 62
8,093 25
.
1
Dues paid in advance,
Total
Value.
May, 1890,
Value per
Share, j
D ate
I ssue.
No. of
Shares.
op
Series.
Reconciliation o f Share Account with Dues and Profits Capital.
1,841
$6 10
$11,230 10
.
.
.
$11,043 00
188 00
Dues capital, as per ledger,
Profits capital (all series),
as per ledger, .
Unpaid dues,
$11,418 10
Total..............................
$11,418 10
.
Total..................................................
Comm onw ealth
M id d l e s e x ,
ss .
'
op
184 10
191 00
M a s sa c h u s e t t s .
N ov . 18, 1890.
Personally appeared Charles F. Holyoke, Secretary o f said bank, and made oath that
the foregoing report, by him subscribed, is true.
Before me,
M id d l e s e x ,
ss.
H. S. F a y , Justice of the Peace.
N ov . 18, 1890.
Personally appeared Chas. F. Holyoke, Treasurer of said bank, and made oath that
the securities and cash specified in the foregoing report, by him subscribed, were held by
him at the date thereof.
Before me,
M id d l e s e x ,
ss.
H. S. F a y , Justice of the Peace.
Nov. 18, 1890.
Personally appeared Charles F. Robinson, President, and Austin B. Howe, H. C.
Wright, John S. Fay, E. A. Brigham, and George A. Howe, directors of said bank,
and made oath that the above report is correct, according to their best knowledge and
belief.
Before me,
H. S. F a y , Justice of the Peace.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
1891.]
103
PUBLIC DOCUMENT — No. 8.
M E C H A N IC S ’ C O -O P E R A TIV E B A N K - T A O T O N .
Incorporated Sept. 14, 1877. Commenced business Sept. 17, 1877.
Capital to be accumulated, $1,000,000.
E d w i n H . K n o w l e s , President.
E d w a r d S. H e r s e y , Secretary
W i l l i a m M. L o v e r in g , Treasurer.
Names of security committee:
J a m e s P. W
Cy r u s Sa v a g e ,
il l ia m s ,
J. J. G r e e n , Jr.
Regular meetings the first Monday after the fifteenth day o f each month.
B a l a n c e S h e e t , O c t o b e r 31, 1890.
A ssets.
L ia b il it ie s .
$341,844 00
Loans on real estate, .
12,574 00
Loans on shares, .
345 96
Temporary expense account,
1,757 00
Unpaid dues,
1,211
72
Unpaid interest, .
74 65
Unpaid premiums,
508 74
Unpaid fines,
50 62
Suspense account,
3,191 68
Cash in hands o f treasurer,
$294,562 00
Dues capital, .
.
. 49.681 25
Profits capital (all series),
6,745 79
Interest,..................................
382 78
Premiums,
.
. . .
221 38
F i n e s , ..................................
522 45
Guaranty fund,
461 33
Forfeited share account,
1,189 69
Advance payments,
7,791 70
Matured shares,
$361,558 37
$361,558 37
How are shares issued, — quarterly, semi-annually or annually?
annually.
Number of shares issued during the y e a r , ..................................
Number of shares now in f o r c e , ...................................................
Number o f shares now borrowed upon,...........................................
Largest number of shares held by any one member, .
Number o f shares withdrawn during the year,
. . . .
Number of shares forfeited during the year,
.
.
.
.
Number of shares retired during the y e a r , ..................................
Number of shares matured during the year,
.
.
.
.
Amount of dues received during the y e a r , ..................................
Highest premium received during the y e a r ,..................................
Lowest premium received during the year, .
.
.
.
Number of members withdrawn during the year,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Semi2,543
8,299
2,245
25
1,585
9
173
88
.
.
173
$99,863 00
35
05
BANK COMMISSIONERS’ REPORT.
104
1,074
Present number of mem bers,...................................................
. 328
Present number of b o r r o w e r s , ...........................................
. 746
Present number o f non-borrowers,
.
.
. . .
. 274
Number o f loans secured by first mortgage of real estate, .
Amount o f loans secured by first mortgage of real estate, .
.
58
Number and amount of loans on shares,
.
. . .
Largest loan to any one m em ber,...........................................
Smallest loan to any one m e m b e r , ..................................
Amount o f expenses of the corporation for the year ending Oct. 31, 1890, .
Amount of profits credited to shares during the year, .
.
.
Amount of cash received during the year, .
.
.
.
Amount of cash paid during the y e a r ,..................................
Date of examination by commissioner : April 7.
[Jan.
|341,844 00
12,574 00
5,000 00
50 00
1,109
19,089
166,970
165,442
62
55
04
75
Jan.,
Jan.,
Jan.,
Jan.,
Jan.,
Jan.,
Jan.,
Jan.,
July,
Jan.,
July,
Jan.,
July,
Jan.,
July,
4
5
6
7
8
9
1880,
1881,
1882,
1883,
1884,
1885,
1886,
1887,
1887,
1888,
1888,
1889,
1889,
1890,
1890,
10
11
12
13
14
15
16
17
18
108 $183 03
96
160 80
372
139 45
269
119 41
225
100 63
310
83 03
455
66 53
114
51 05
43 69
971
818
36 55
29 62
447
22 91
1,181
16 41
637
1,361
10 11
935
4 00
Total
Value.
Value per!
Share.
D ate
o r I ssue .
No. of
Shares.
Series.
Reconciliation o f Share Account with Dues and Profits Capital.
$19,767
15,436
51,875
32,121
22,641
25,739
30,271
5,819
42,422
29,897
13,240
27,056
10,453
13,759
3,740
Dues capital, as per ledger, $294,562 00
Profits capital (all series),
as per ledger, .
49,681 25
Advance payments, .
1,189 69
1,189 69
Dues paid in advance,
$345,432 94
Total, .
Com m onw ealth
B r is t o l ,
24
80
40
29
75
30
15
70
99
90
14
71
17
71
00
ss .
of
Total.............................. $345,432 94
M assa ch u setts.
N ov . 15, 1890.
Personally appeared Edward S. Hersey, Secretary of said bank, and made oath that
the foregoing report, by him subscribed, is true.
Before me,
B r is t o l ,
ss .
H e n r y M. L o v e r in g , Justice of the Peace.
N ov . 17,1890.
Personally appeared Wm. M. Lovering, Treasurer of said bank, and made oath that
the securities and cash specified in the foregoing report, by him subscribed, were held
by him at the date thereof.
Before me,
H e n r y M. L o v e r in g , Justice of the Peace.
B r is t o l ,
ss .
N ov . 17, 1890.
Personally appeared Edwin H. Knowles, President, and Wm. H. Lewis, James P.
Williams, W. W . Swan, Cyrus Savage and J. C. Macdonald, directors of said bank, and
made oath that the above, report is correct, according to their best knowledge and belief.
Before me,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
G e o . E. C h a m b e r s , Notary Public.
1891.]
105
PUBLIC DOCUMENT — No. 8.
M EDFORD
C O -O P E R A TIV E
B A N K — M EDFORD.
Incorporated June 21, 1886. Commenced business July 7, 1886.
Capital to be accumulated, $1,000,000.
J a m e s S. S t u r t e v a n t , Secretary.
D a n a I . M c I n t i r e , President.
J a m e s S. S t u r t e v a n t , Treasurer.
Names of security committee:
John H . H ooper,
J o se p h E . O b e r ,
J o h n A . S u l l iv a n ,
E li A yers,
C h a r l e s P. L a u r ia t .
Regular meetings the second Wednesday of each month.
Balance S heet , October 31, 1890.
A ssets.
Loans on real estate, .
Loans on shares, .
Permanent expense account,
Accrued interest,
Accrued premiums,
Accrued tines,
Cash in hands of treasurer, .
L ia b il it ie s .
$89,150
5,500
147
97
10
30
486
09
00
00
50
35
36
44
$95,421 65
Dues capital,
Profits capital (all series),
Surplus,..................................
Guaranty fund,
Forfeited share account,
$85,904
9,145
261
106
5
00
25
31
03
06
$95,421 65
How are shares issued,— quarterly, semi-annually or annually? Semi
annually.
Number of shares issued during the y e a r , .................................. 1,164
Number o f shares now in f o r c e , ...................................................3,227
Number o f shares now borrowed upon..................................................... 711
Largest number of shares held by any one member, .
.
.
.
25
Number o f shares withdrawn during the y e a r , .................................. 402
Number of shares forfeited during the y e a r ,...........................................13
Amount of dues received during the year......................................................... $36,505 00
Highest premium received during the y e a r , ...................................................
15
Lowest premium received during the y e a r , ...................................................
05
Number o f members withdrawn during the year, .
.
.
.
.
64
Present number of m em bers,....................................................................420
Present number o f borrowers,....................................................................70
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
106
BANK COMMISSIONERS’ REPORT.
[Jan.
Present number of non-borrowers.............................................................. 350
F umber of loans secured by first mortgage of real estate, . . .
58
Amount of loans secured by first mortgage of real estate.............................. $89,150 00
Number and amount of loans on s h a r e s , ........................................... 28
5‘500 00
Largest loan to any one m em b er,....................................................................
5,000 00
Smallest loan to any one member,....................................................................
50 00
Amount of expenses of the corporation for the year ending Oct. 31,1890, .
588 62
Amount of profits credited to shares duringthe y e a r , ...................................
4,968 01
Amount of cash received during the y e a r , ...................................................
49,724 47
Amount of cash paid during the y e a r , ...........................................................
52,366 38
Date of examination by commissioner : October 10.
July,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
1886,
1886,
1887,
1887,
1888,
1888,
1889,
1889,
1890,
1
2
3
4
5
6
7
8
9
407
311
300
274
220
191
414
425
685
$59
54
46
39
32
25
18
12
6
73
54
98
65
52
60
90
40
10
Total
Value.
Value per
Share.
D ate
Issue.
No. of
Shares.
of
Series,
j
Reconciliation o f Share Account with Dues and Profits Capital.
$24,310
16,961
14,094
10,864
7,154
4,889
7,824
5,270
4,178
Dues capital, as per ledger,
Profits capital (all series),
as per ledger, .
Unpaid dues,
.
.
$85,904 00
Total..............................
$95,706 25
9,145 25
657 00
159 00
Dues paid in advance,
$95,706 25
Total, .
C om m onw ealth
M id d l e s e x ,
11
94
00
10
40
60
60
00
50
of
M assach u setts.
ss .
N o v . 11, 1890.
Personally appeared James Sturtevant, Secretary of said bank, and made oath that
the foregoing report, by him subscribed, is true.
Before me,
W
il l ia m
M id d l e s e x , ss.
P. M a r t in , Justice of the Peace.
Nov. 11, 1890. _
Personally appeared James Sturtevant, Treasurer of said bank, and made oath that
the securities and cash specified in the foregoing report, by him subscribed, were held
by him at the date thereof.
Before me,
W i l l i a m P. M a r t in , Justice of the Peace.
M id d l e s e x ,
ss .
N ov . 11, 1890.
Personally appeared Dana I. Mclntire, President, and Chas. P. Lauriat, J. R. Teel,
Ira W. Hamlin, Chas. H. Loomis, and Wm. C. Craig, directors of said bank, and made
oath that the above 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
P. M a r t i n , Justice of the Peace.
1891.]
107
PUBLIC DOCUMENT — No. 8.
M ELRO SE
CO -O PER ATIVE B A N K — M ELRO SE.
Incorporated April 4, 1890. Commenced business April 21, 1890.
Capital to be accumulated, $1,000,000.
C. W . H ig g i n s , President.
F e e d M . L i b b y , Secretary.
C. W . C o o k , Treasurer.
Names of security committee:
S. E. B e n so n ,
C. E. T o d d ,
C. W . C o o k .
Regular meetings the first Friday of each month.
B a l a n c e S h e e t , O c t o b e r 31, 1890.
A ssets.
$2 200
109
519
280
00
38
08
30
Dues capital,
Interest....................................
Premiums,
. . . .
F i n e s , ..................................
$3 108 76
How are shares issued, — quarterly, semi-annually or annually?
annually.
Number of shares issued during the year,
Number o f shares now in f o r c e , ..................................
Number o f shares now borrowed upon, .
. . .
Largest number of shares held by any one member,
Number of shares withdrawn during the year,
Amount of dues received during the year, .
.
Highest premium received during the year, .
Lowest premium received during the year, .
Number of members withdrawn during the year, .
Present number of members,..........................................
Present number of b o r r o w e r s , ..................................
Present number o f non-borrowers,..................................
Number of loans secured by first mortgage of real estate,
Amount o f loans secured by first mortgage of real estate,
Largest loan to any one m em b er,..................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$3,039
52
2
15
00
07
20
49
=zc
€£
o
CO
Loans on real estate, .
Permanent expense account,
Cash in hands o f treasurer, .
Cash in hands o f secretary, .
L ia b il it ie s .
76
Semi
606
571
11
25
35
.
$3,169 00
05
05
2
77
1
76
l
2,200 00
2,200 00
108
BANK COMMISSIONERS’ REPORT.
[Jan.
Smallest loan to any one member,.................................................................... $2,200 00
Amount o f expenses of the corporation for the year ending Oct. 31, 1890, .
109 38
Amount of cash received during the y e a r , ...................................................
3,236 11
Amount o f cash paid during the y e a r , ............................................................
2,436 73
Date o f examination by commissioner : September 23.
April, 1890,
July, 1890,
Oct., 1890,
.
.
330
52
189
$8 00
5 00
2 00
Total
Value.
1
2
3
Value per
Share.
No. of
Shares.
D ate
o r I ssu e.
Series.
Reconciliation o f Share Account with Dues and Profits Capital.
$2,640 00
260 00
370 00
$3,039 00
249 00
Total..............................
$3,288 00
10 00
Dues paid in advance,
$3,288 00
Total, .
Com m onw ealth
M id d l e s e x ,
Dues capital, as per ledger,
Unpaid dues,
.
. •.
ss .
op
M assach usetts.
N o v . 14, 1890.
Personally appeared Fred M. Libby, Secretary of said bank, and made oath that the
foregoing report, by him subscribed, is true.
Before me,
M id d l e s e x ,
ss.
C h a s . E. T o d d , Justice of the Peace.
N ov . 14, 1890.
Personally appeared C. W . Cook, Treasurer of said bank, and made oath that the
securities and cash specified in the foregoing report, by him subscribed, were held by
him at the date thereof.
Before me,
M id d l e s e x ,
ss .
C h a s . E. T o d d , Justice of the Peace.
N ov . 14, 1890.
Personally appeared C. W. Higgins, President, and H. J. Pettengill, Frank T. Robin
son, George J. Bicknell, Seth E. Benson, and Wm. C. Johnston, Jr., directors of said
bank, and made oath that the above report is correct, according to their best knowledge
and belief.
Before me,
C h a s . E. T o d d , Justice of the Peace.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
1891.]
109
PUBLIC DOCUMENT — No. 8.
M E R C H A N T S ’ C O -O P ER ATIV E B A N K — BOSTON.
Incorporated Dec. 21, 1881. Commenced business February, 1882.
Capital to be accumulated, $1,000,000.
A l f r e d J. M e r c e r , President.
A l b e r t E. D u f f i l l , Secretary.
A l b e r t E. D u f f i l l , Treasurer.
Names of security committee:
G e o . T. Bossox,
T h o s . S w a d k i n s , Jr.,
E d w a r d C. S c a t e s ,
A l f r e d J. M e r c e r ,
A l b e r t S. P a r so n s .
Regular meetings the second Monday of each month.
B a l a n c e S h e e t , O c t o b e r 31, 1890.
A ssets.
L ia b il it ie s .
Loans on real estate, .
$357,850 00
Loans on shares,
15,120 00
752 52
Temporary expense account,
5,370 86
Real estate by foreclosure, .
592 23
Unsettled claims,
15,832 55
Cash in hands o f treasurer,.
$339,732 00
Dues capital, . . . .
44,876 86
Profits capital (all series),
Interest,..................................
7,388 20
1,065 47
Premiums,
.
. . .
F i n e s , ..................................
294 77
6 50
Transfer fees, . . . .
517 75
Surplus,..................................
1,031 55
Guaranty fund,
166 71
Forfeited share account,
296 70
Withdrawal profits,
78 50
Rent account,
63 15
Other liabilities,
$395,518 16
$305,518 16
How are shares issued, — quarterly, semi-annually or annually ? Semi
annually.
Number o f shares issued during the y e a r , .................................. 3,756
Number of shares now in f o r c e , ................................................... 11,617
Number of shares now borrowed upon,...........................................2,392
Largest number o f shares held by any one member............................... 25
Number o f shares withdrawn during the year,
.
.
.
.
1,371
Number of shares forfeited during the y e a r,...........................................31
Number of shares retired during the y e a r , .......................................... 144
Amount of dues received during the y e a r , ................................................... $132,245 00
Highest premium received during the y e a r ,...................................................
55
Lowest premium received during the y e a r , ...................................................
05
Number of members withdrawn during the yea r,.................................. 172
Present number o f mem bers,........................................................... 1,352
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
110
BANK COMMISSIONERS’ REPORT.
[Jan.
OO
'rfi
CM
Present number of b o r r o w e r s , ...........................................
Present number of n o n - b o r r o w e r s , ..................................
1,104
Number of loans secured by first mortgage of real estate, .
. 195
Amount of loans secured by first mortgage of real estate, .
$357,850 00
Number and amount of loans on shares,
. . .
.
. 53
15,120 00
Largest loan to any one m em b er,...........................................
5,000 00
Smallest loan to any one m e m b e r , ..................................
50 00
Amount of expenses of the corporation for the year ending Oct. 31, 1890, .
2,182 82
Amount o f profits credited to shares during the year, .
20,055 73
Amount of cash received during the year,
.
.
.
.
.
.
191,090 62
Amount of cash paid during the y e a r , ..................................
.
193,978 78
1
Date of examination by commissioner : March 31.
Feb.,
June,
Dec.,
June,
Dec ,
June,
Dec.,
June,
Dec.,
June,
Dec.,
June,
Dec.,
June,
Dec.,
June,
Dec.,
June,
1882,
1882,
1882,
1883,
1883,
1884,
1884,
1885,
1885,
1886,
1886,
1887,
1887,
1888,
1888,
1889,
1889,
1890,
.
1
2
3
4
5
6
7
8
9
10
11
12
.
13
14
15
16
17
18
$140
133
123
113
104
122
94
146
85
215
77
335
68
428
60
52
497
698
45
844
37
30
1,123
1,589
24
17
1,447
1,780
11
1,715
5
110
121
130
142
175
92
90
58
63
01
72
74
05
66
55
73
17
87
81
01
45
12
00
Total
Value.
Value per
Share.
D ate
I ssue.
of
No. of
Shares.
Series.
Reconciliation o f Share Account with Dues and Profits Capital.
$15,501
16,201
16,065
16,135
18,201
11,555
12,518
16,565
23,001
25,915
26,206
31,528
31,962
34,599
38,151
25,250
19,793
8,875
Dues paid in advance,
Dues capital, as per ledger, $339,732 00
Profits capital (all series),
as per ledger, .
44,876 86
Unpaid dues,
3,520 00
399 00
Total, .
$388,128 86
Comm onw ealth
S u ffolk,
20
90
40
46
75
84
04
75
10
40
81
66
28
63
89
15
60
00
ss .
of
Total,
.
.
.
.
$388,128 86
M assach u setts.
N ov . 10, 1890.
Personally appeared Albert E. Duffill, Secretary of said bank, and made oath that the
foregoing report, by him subscribed, is true.
Before me,
Su ffo lk ,
ss .
G. H. M. R o w e , Justice of the Peace.
N ov . 10, 1890.
Personally appeared Albert E. Duffill, Treasurer of said bank, and made oath that
the securities and cash specified in the foregoing report, by him subscribed, were held by
him at the date thereof.
Before me,
Su ffo lk ,
ss .
G. H. M. R o w e , Justice of the Peace.
N ov . 10, 1890.
Personally appeared Alfred J. Mercer, President, and Alex. C. Pitman, Allison Z.
Mason, E. W. Howe, J. A. Flanders, and H. W . Stevens, directors of said bank, and
made oath that the above report is correct, according to their best knowledge and
belief.
Before me,
G . H. M . R o w e , Justice of the Peace.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
1891 .]
PUBLIC DOCUMENT — No. 8.
I ll
MIDDLEBOROTJGH C O -O P ER ATIV E B A N K - M ID D LE BOROUGH.
Incorporated May 1, 1889. Commenced business May 21, 1889.
Capital to be accumulated, $1,000,000.
S a m u e l S. B o u r n e , President.
J o se p h E. B e a l s , Secretary.
J o se p h E. B e a l s , Treasurer.
Names of security committee :
W ar r e n H . Southw orth,
W il l i a m B. W
I ch a b o d F. A tw o o d .
ood ,
Regular meetings the third Tuesday of each month.
B alance Sheet , October 31, 1890.
L ia b il it ie s .
A ssets.
Loans on real estate, .
Permanent expense account,
Interest unpaid, .
Premiums unpaid,
Fines unpaid,
Cash in hands of treasurer,.
$19,750 00
200 00
1 50
15
6 72
459 84
$20,418 21
Dues capital, .
.
.
.
Profits capital (all series),
Surplus,..................................
Guaranty fund,
Forfeited share account,
$19,576
801
29
9
1
00
99
64
00
58
$20,418 21
How are shares issued, — quarterly, semi-annually or annually? Semi
annually.
Number o f shares issued during the y e a r , .............................................. 474
Number of shares now in f o r c e , ............................................................ 1,335
Number o f shares now borrowed u p o n , .............................................. 105
Largest number of shares held by any one member, .
.
.
.2 5
Number o f shares withdrawn during the y e a r , ......................................115
Number o f shares forfeited during the y e a r , ......................................... 1
Amount o f dues received during the y e a r , ................................................... $ 15,216 00
Highest premium received during the y e a r ,...................................................
05
Lowest premium received during the y e a r , ...................................................
05
Number of members withdrawn during the year,
.
.
.
.
29
Present number of members,....................................................................... 369
Present number of b o r r o w e r s , .................................................................15
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
112
BANK COMMISSIONE!?S’ REPORT.
[Jan.
Present number o f n o n - b o r r o w e r s , ................................................... 354
Number of loans secured by first mortgage of real estate, . . .
22
Amount of loans secured by first mortgage of real estate, .
.
.
.
Largest loan to any one m em ber,....................................................................
Smallest loan to any one member,....................................................................
Amount o f expenses of the corporation for the year ending Oct. 31, 1890, .
Amount o f profits credited to shares during the y e a r,..................................
Amount o f cash received during the y e a r , ...................................................
Amount of cash paid during the year, .
.
.
. . .
.
.
.
Date o f examination by commissioner : May 13.
$19,750 00
3,000 00
300 00
228 60
750 87
16,446 49
16,035 30
1
2
3
869
208
258
May, 1889,
Nov., 1889,
M a y , 1890,
Total
Value.
ssu e.
Value per
Share.
ate
I
No. of
Shares.
D
of
Series.
Reconciliation o f Share Account with Dues and Profits Capital.
$18 81
12 36
6 09
$16,345 89
2,570 88
1,571 22
$19,576 00
801 99
174 00
64 00
Dues paid in advance,
Total, .
$20,551 99
Com m onw ealth
P lym ou th ,
Dues capital, as per ledger,
Profits capital (all series),
as per ledger, .
Unpaid dues,
ss .
of
Total,
.
.
.
.
$20,551 99
M a s sa c h u s e t t s .
N ov . 1, 1890.
Personally appeared Joseph E. Beals, Secretary of said bank, and made oath that
the foregoing report, by him subscribed, is true.
Before me,
P lym ou th ,
ss .
C h a s . T. T h a c h e r , Justice of the Peace.
N ov . 1, 1890.
Personally appeared Joseph E. Beals, Treasurer of said bank, and made oath that the
securities and cash specified in the foregoing report, by him subscribed, were held by
him at the date thereof.
Before me,
P lym outh,
ss .
C h a s . T. T h a c h e r , Justice of the Peace.
N ov . 1, 1890.
Personally appeared Samuel S. Bourne, President, and E. P. LeBaron, A. C. Howes,
Wm. B. Wood, B. F. Tripp and C. H. Leonard, directors of said bank, and made oath
that the above 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 . T. T h a c h e r , Justice of the Peace.
1891.]
113
PUBLIC DOCUMENT — No. 8.
M IL FO R D C O -O P E R A T IV E B A N K -M I L F O R D .
Incorporated March 31, 1887. Commenced business April 4, 1887.
Capital to be accumulated, $ 1,000,000.
It. C. E l d r i d g e , President.
W . S. Y . C o o k e , Secretary.
W . S. Y . C o o k e , Treasurer.
Names of security committee:
P. P. F i e l d ,
L. E. H e a t h ,
W . B. H a l e ,
J. N. D a v i s .
Regular meetings the first Monday of each month.
B a l a n c e S h e e t , O c t o b e r 31, 1890.
A ssets.
Loans on real estate, .
Loans on shares, .
Permanent expense account,
Suspense account,
Cash in hands o f treasurer,.
L ia b il it ie s .
$88,390
4,440
200
369
5,540
00
00
00
08
07
$98,939 15
Dues capital, .
.
.
.
Profits capital (all series), .
Interest,..................................
F i n e s , ..................................
Transfer fees, .
.
.
.
Surplus,..................................
Guaranty fund,
Withdrawal profits,
$89,921
8,037
492
16
2
344
110
16
00
47
06
06
00
14
00
42
$98,939 15
IIow are shares issued, — quarterly, semi-annually or annually? Semi
annually.
Number of shares issued during the y e a r , .............................................921
Number of shares now in f o r c e , ...........................................................3,417
Number o f shares now borrowed u p o n , .............................................662
Largest number o f shares held by any one member, .
.
.
.
25
Number o f shares withdrawn during the y e a r , .................................. 654
Amount o f dues received during the y e a r , ................................................... $38,923 00
Number o f members withdrawn during the year,
.
.
.
.
81
Present number o f members,..........................................
591
Present number o f b o r r o w e r s , ...................................................
. 109
Present number o f n o n - b o r r o w e r s , ................................................... 478
Number of loans secured by first mortgageof real estate,
. . . 94
Amount o f loans secured by first mortgageof real estate,
.
.
.
.
88,39000
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
114
BANK COMMISSIONERS’ REPORT.
[Jan.
Number and amount of loans on s h a r e s , ...........................................28
$4,440 00
Largest loan to any one m em b er,....................................................................
5,000 00
Smallest loan to any one member,....................................................................
50 00
Amount of expenses of the corporation for the year ending Oct. 31, 1890,
.
432 50
Amount o f profits credited to shares during the year, .
.
.
.
.
4,709 20
Amount o f cash received during the y e a r , .....................................
54,072
83
Amount o f cash paid during the year, .
.
.
.
.
.
.
.
50,150 36
Date of examination by commissioner : June 19.
Aprii,
Oct.,
Aprii,
Oct.,
Aprii,
Oct.,
Aprii,
Oct.,
1887,
1887,
1888,
1888,
1889,
1889,
1890,
1890,
1 ,1 2 9
309
282
249
393
415
336
304
$47
40
33
26
19
13
7
1
76
47
40
53
86
39
10
00
Total
Value.
1
2
3
4
5
6
7
8
.
.
.
.
.
.
.
.
Value per
Share.
No. of
Shares.
D ate
O F IS S U E .
Series.
|
Reconciliation o f Share Account with Dues and Profits Capital.
$ 5 3 ,9 2 1
1 2 ,5 0 5
9 ,4 1 8
6 ,6 0 5
7 ,8 0 4
5 ,5 5 6
2 ,3 8 5
304
Dues paid in advance,
Dues capital, as per ledger,
Profits capital (all series),
a s per ledger, .
Unpaid dues,
$ 8 9 ,9 2 1 00
8 ,0 3 7 47
762 0 0
218 00
Total, .
$ 9 8 ,7 2 0 47
Co m m o n w e a l t h
W
04
23
80
97
98
85
60
00
o r c e s t e r , ss .
of
Total..............................
$ 9 8 ,7 2 0 4 7
M a s sa c h u s e t t s .
N ov . 19,1890.
Personally appeared Walter S. V. Cooke, Secretary of said bank, and made oath that
the foregoing report, by him subscribed, is true.
Before me,
W o rcester,
ss.
L o w e l l E. F a l e s , Justice of the Peace.
N ov . 19, 1890.
Personally appeared W. S. Y . Cooke, Treasurer of said bank, and made oath that
the securities and cash specified in the foregoing report, by him subscribed, were held
by him at the date thereof.
Before me,
W
orcester, ss.
L o w e l l E. F a l e s , Justice of the Peace.
N ov . 19, 1890.
Personally appeared R.C.Eldridge,President, and Geo. P.Cooke, L.
E. Heath,
Patrick H. Curran, W . B.Hale andJohn Nolan,directors of said bank, and made
oath that the above report is correct, according to their best knowledge and belief.
Before me,
*
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
L o w e l l E. F a l e s , Justice of the Peace.
1891.]
115
PUBLIC DOCUMENT — No. 8.
NEW
BEDFORD
C O -O P E R A TIV E
BEDFORD.
BANK — N E W
Incorporated July 11, 1881. Commenced business Aug. 19, 1881.
Capital to be accumulated, $1,000,000.
I saac W . B en jam in , President.
C h as . R . P r ic e , Secretary.
G ideon B. W r ig h t , Treasurer.
Names of security committee :
S a m ’ l S. P a in e ,
Jaspe r W . B r a l e y ,
G eo . R . S tetson .
Regular meetings the fourth Friday of each month.
B a l a n c e S h e e t , O c t o b e r 31, 1890.
L ia b il it ie s .
A s s is t s .
$215,950 00
Loans on real estate, .
12,440 00
Loans on shares, .
131 93
Permanent expense account,
808 00
Unpaid dues,
379 03
Unpaid interest, .
50 24
F in e s ,..................................
1,495 47
Personal accounts,
8,796 10
Cash in hands of treasurer,.
52 85
Cash in hands o f secretary, .
$195,831 00
Dues capita], .
.
.
.
39,203 20
Profits capital (all series),
476 64
Surplus,..................................
1,772 54
Guaranty fund,
10 80
Forfeited share account,
33 59
Personal accounts,
2,775 85
Due on loans (uncompleted),
$240,103 62
$240,103 62
How are shares issued, — quarterly, semi-annually or annually? Semi
annually.
Number o f shares issued during the year,.
.
.
.
.
1,122
Number of shares now in f o r c e , ......................................4,718
Number of shares now borrowed upon...............................1,616
Largest number o f shares held by any one member,.
.
.
.
25
Number o f shares withdrawn during the y e a r , .................................. 791
Number of shares forfeited during the year,...........................................3
Number of shares retired during the y e a r , ...........................................58
Amount o f dues received during the year........................................................
Highest premium received during the y e a r ,...................................................
Lowest premium received during the year........................................................
Number of members withdrawn during the year,
.
.
.
.134
Present number o f m e m b e r s , ...............................................................672
Present number of b o r r o w e r s , ...............................................................222
Present number o f non-borrowers............................................................... 450
Number of loans secured by first mortgage of real estate, .
.
.176
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$57,042 00
19
01
116
BANK COMMISSIONERS’ REPORT.
[Jan.
Amount o f loans secured by first mortgage of real estate, .
$215,950 00
Number and amount of loans on shares................................................... 46
12,440 00
Largest loan to any one m em b er,....................................................................
5,000 00
Smallest loan to any one m e m b e r , ............................................................
20 00
Amount of expenses of the corporation for the year ending Oct. 31, 1890,.
1,343 82
Amount o f profits credited to shares during the year.....................................
13,788 09
124,570 32
Amount of cash received during the y e a r , ...................................................
Amount o f cash paid during the y e a r ,............................................................
122,482 80
Date o f examination by commissioner : March 26.
Aug.,
Feb.,
Aug.,
Feb.,
Aug.,
Feb.,
Aug.,
Feb.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
1881,
1882,
1882,
1883,
1883,
1884,
1884,
1885,
1885,
1885,
1886,
1886,
1887,
1887,
1888,
1888,
1889,
1889,
1890,
.
.
.
.
.
.
.
.
.
.
.
.
.
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
164 $151 84
175
141 11
132
130 72
120 68
77
70
110 92
98
101 47
122
92 38
118
83 56
88
79 25
136
70 84
299
62 72
250
54 84
238
47 19
250
39 79
510
32 62
392
25 67
496
18 94
382
12 43
621
6 11
Total
Value.
Value per
Share.
D ate
Issue.
of
No. of
Shares.
Series.
Reconciliation o f Share Account with Dues and Profits Capital.
$24,901
24,694
17,255
9,292
7,764
9,944
11,270
9,860
6,974
9,634
18,753
13,710
15,950
9,947
16,636
10,062
9,394
4,748
3,794
Dues paid in advance,
Dues capital, as per ledger, $195,831 00
Profits capital (all series),
as per ledger, .
39,203 20
447 00
Total, .
$235,034 20
Com m onw ealth
B r is t o l ,
76
25
04
36
40
06
36
08
00
24
28
00
22
50
20
64
24
26
31
oe
Total,
.
.
.
.
$235,034 20
M a s sa c h u s e t t s .
Dec. 2, 1890.
ss .
Personally appeared Chas. R. Price, Secretary of said bank, and made oath that the
foregoing report, by him subscribed, is true.
Before me,
B r is t o l ,
M a y h e w R. H i t c h , Justice of the Peace.
Dec. 2, 1890.
ss .
Personally appeared Gideon B. Wright,Treasurer of said bank,and made oath that
$221,845 of the securities required by the foregoing report, by him subscribed, were
held by him at the date thereof, and the balance, $6,920, have since been received, and
that he held cash $8,931.14.
Before me,
B r is t o l ,
ss .
M a y h e w R. H it c h , Justice o f the Peace.
Dec. 2, 1890.
Personally appeared IsaacW . Benjamin, President, and Chas. S.Paisler, Rufus A.
Soule, Oliver P. Brightman, Benj. Anthony and John A. Bates, directors of said bank,
and made oath that the above report is correct, according to their best knowledge and
belief.
Before me,
M a y h e w R. H it c h , Justice of the Peace.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
1891.]
117
PUBLIC DOCUMENT — No. 8
N E W B U E Y P O R T CO -O P ER ATIV E B A N K — N E W B U R Y PORT.
Incorporated March 15, 1888. Commenced business April 9, 1888.
Capital to be accumulated, $1,000,000.
L uther D a m e , President.
G eo. E. S tic k n e y , Secretary.
G eo . E. S'tickney , Treasurer.
Names of security committee :
C h as . H. G oodw in ,
L eonard N. K ent ,
W . H e rber t N oyes .
Regular meetings the second Monday of each month.
B a l a n c e S h e e t , O c t o b e r 31, 1890.
L ia b il it ie s .
A ssets.
Loans on real estate, .
Loans on shares, .
Permanent expense account,
Temporary expense account,
Suspense account,
Cash in hands of treasurer,.
$45,000
755
325
63
20
439
00
00
00
66
50
76
$46,603 92
Dues capital, .
Profits capital (all series),
Interest.....................................
Premiums,
. . .
.
Fines,
•
.
.
.
.
Transfer fees, .
.
.
.
Surplus,..................................
Guaranty fund,
Withdrawal profits,
$43,455
2,572
282
45
11
00
83
32
20
08
25
138 72
80 00
18 52
$46,603 92
How are shares issued, — quarterly, semi-annually or annually? Semi
annually.
Number o f shares issued during the y e a r , .................................. 1,192
Number o f shares now in f o r c e , ................................................... 2,596
Number of shares now borrowed upon,.
.
.
.
.
. 305
Largest number o f shares held by any one member, .
.
.
.
25
Number o f shares withdrawn during the y e a r , .................................. 434
Amount of dues received during the y e a r , ................................................... $26,870 00
Highest premium received during the y e a r ,...................................................
40
Lowest premium received during the y e a r , ...................................................
05
Number o f members withdrawn during the y e a r,.................................. 75
Present number o f members,.................................................................... 418
Present number of b o r r o w e r s , ........................................................... 51
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
\
118
BANK COMMISSIONERS’ REPORT.
Present number o f non-borrowers,..................................
. 367
Number of loans secured by first mortgage of real estate,
. 44
Amount of loans secured by first mortgage of real estate,
.
Number and amount of loans on shares,
7
Largest loan to any one m em b er,..................................
Smallest loan to any one member,..................................
Amount o f expenses of the corporation for the year ending Oct. 31, 1890, .
Amount of profits credited to shares during the year, .
Amount o f cash received during the year,
Amount o f cash paid during the year, .
.
.
.
Date o f examination by commissioner : June 26.
[Jan.
$45,00000
75500
4,200 00
50 00
51233
2,064 06
39,409 34
39,446 19
April, 1888,
April,
Oct.,
April,
Oct.,
1889,
1889,
1890,
1890,
.
1
2
3
4
5
.
6
695
294
313
333
636
325
Total, .
Total
Value.
Value per
Share.
!
D ate
I ssue.
i No. of
j Shares.
op
Series.
I
Reconciliation of Share Account with Bues and Profits Capital.
$33
26
19
13
7
38
53
88
39
10
1 00
$23,199
7,799
6,222
4,458
4,515
325
10
82
44
87
60
00
$ 4 6 ,5 2 0 83
Co m m o n w e a l t h
op
Dues capital, as per ledger,
Profits capital (all series),
as per ledger, .
Unpaid dues,
Total,
.
.
.
.
$43,455 00
2,572 83
493 00
$46,520 83
M assa ch u setts.
Nov. 18> 189o.
JIiSSe x , ss.
Personally appeared Geo. E. Stickney, Secretary of said bank, and made oath that the
foregoing report, by him subscribed, is true.
Before me,
C h a s . A. E v a n s , Justice of the Peace.
Nov. 18) 1890>
ItSSEX, ss.
Personally appeared Geo. E. Stickney, Treasurer of said bank, and made oath that the
securities and cash specified in the foregoing report, by him subscribed, were held bv
him at the date thereof.
Before me,
iiSBEX, ss.
C h a s . A. E v a n s , Justice of the Peace.
Nov. 18> 1890<
Personally appeared Luther Dame, President, and Ira F. H. Blake, Lewis F. Barton,
Henry A. Wilson, J. A. Perry and Chas. H. Goodwin, directors of said bank, and made
oath that the above report is correct, according to their best knowledge and belief.
Before me,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
C h a s . A. E v a n s , Justice of the Peace.
119
PUBLIC DOCUMENT — No. 8.
1891.]
N E W T O N C O -O P E R A T IV E B A N K — N E W T O N V IL L E .
Incorporated June 14, 1888. Commenced business Sept. 4, 1888.
Capital to be accumulated, $1,000,000.
F r a n c is A . D e w s o n , President.
J. C h e e v e r F u l l e r , Secretary.
J. C h e e v e r F u l l e r , Treasurer.
Names of security committee:
Jam es W . F r e n c h ,
W a l t e r T . P h ip p s ,
J o h n F. H e c k m a n ,
T h o m a s B. F i t z ,
A u s t in R. M i t c h e l l .
Regular meetings the first Tuesday of each month.
B alance Sheet , October 31, 1890.
L ia b il it ie s .
A ssets.
Loans on real estate, .
Loans on shares, .
.
Permanent expense account,
Cash in hands of treasurer,.
$63,850 00
700 00
200 00
2,687 85
Dues capital............................
Profits capital (all series), .
Interest,..................................
Premiums,
.
. . .
Fines.........................................
Surplus,..................................
Guaranty fund,
Forfeited share account,
Withdrawal profits,
Security committee,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
00
92
67
75
20
93
69
96
73
2 00
$67,437 85
$67,437 85
How are shares issued, — quarterly, semi-annually or annually?
annually.
Number o f shares issued during the y e a r , ..................................
Number o f shares now in f o r c e , ...................................................
Number o f shares now borrowed u p o n , ..................................
Largest number of shares held by any one member, .
Number of shares withdrawn during the year, .
.
.
Number o f shares forfeited during the year,
. . . .
Amount of dues received during the y e a r , ..................................
Highest premium received during the y e a r ,..................................
Lowest premium received during the y e a r , ..................................
$63,776
2,642
638
79
3
151
82
19
40
Semi1,914
4,248
. 391
. 25
. 665
. 17
, ,
$42,454 00
35
05
120
BANK COMMTSSTONBT?S’ R E P O R T
Number of members withdrawn during the year,
.
.
.
.
75
Present number of m e m b e r s , ............................................................... 537
Present number of b o r r o w e r s , ................................................................. 35
Present number o f n o n - b o r r o w e r s , .......................................................502
Number o f loans secured by first mortgage o f real estate, . . .
31
Amount of loans secured by first mortgage of real estate, . . .
.
Number and amount of loans on shares.................................................. 4
Largest loan to any one m em b er,....................................................................
Smallest loan to any one member..............................................................
Amount of expenses of the corporation for the year ending
, 31, 1890,
Amount of profits credited to shares during the year, .
Amount of cash received during the year, .
Amount o f cash paid during the year, .
.
.
.
Date of examination by commissioner : August 19.
$63,850
700
5,000
00
00
00
100 00
616
2,380
55,657
55,574
97
71
76
49
Sept., 1888,
.
1
2
Sept., 1889,
Mar., 1890,
Sept., 1890,
3
4
5
1,201
892
361
1,038
756
Dues paid in advance,
$27
20
14
8
Total
Value.
I ssu e.
Value per
Share. I
D ate
o f
No. of
Shares.
Series.
Reconciliation o f Share Account with Dues and Profits Capital.
41
81
37
09
2 00
$32,919
18,562
5,187
8,397
1,512
$66,982 92
Co m m o n w ea lth
Su f f o l k ,
Dues capital, as per ledger.
Profits capital (all series),
as per ledger, .
Unpaid dues,
$63,776 00
2,642 92
564 00
404 00
•
Total, .
41
52
57
42
00
of
Total,
.
.
.
.
$66,982 92
M assach usetts.
N ov . 2 9, 1890.
ss.
Personally appeared J. Cheever Fuller, Secretary of said bank, and made oath that
the foregoing report, by him subscribed, is true.
Before me,
Suffolk,
C h a k l e s A. F it z G e r a l d , Justice of the Peace.
N o v . 2 9 , 1890.
ss .
Personally appeared J. Cheever Fuller, Treasurer o f said bank, and made oath that
the securities and cash specified in the foregoing report, by him subscribed, were held
by him at the date thereof.
Before me,
Suffolk,
ss .
C h a r l e s A. F it z G e r a l d , Justice of the Peace.
Dec. 9> 1890>
Personally appeared Francis A. Dewson, President, and Edwin W . Gray, Charles L.
Keene, James W. French, Austin R. Mitchell and John F. Heckman, directors of said
bank, and made oath that the above report is correct, according to their best knowledge
and belief.
Before me,
C h a r l e s A . F it z G e r a l d , Justice of the Peace.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
1891.]
121
PUBLIC DOCUMENT — No. 8.
N O R TH A B IN G T O N C O -O P E R A TIV E B A N K — N O RTH
A B IN G T O N .
Incorporated March 23, 1888. Commenced business April 4, 1888.
Capital to be accumulated, $1,000,000.
M oses N. A r n o l d , President.
E r n e s t W. C a l k i n s , Secretary.
E d w a r d P. R
eed,
Treasurer.
Names of security committee :
E dw ard P. R eed,
J o se p h L. G r e e n w o o d ,
E l ip h a l e t R . B a t e s.
Regular meetings the first Wednesday of each month.
B a l a n c e S h e e t , O c t o b e r 31, 1890.
L ia b il it ie s .
A ssets.
Loans on real estate, .
Loans on shares, .
Permanent expense account,
Temporary expense account,
Interest accrued, .
Premiums accrued,
Fines accrued,
Cash in hands of treasurer,.
Cash in hands of secretary,.
$17,500
50
250
7
28
1
9
1,569
2
00
00
00
00
75
70
74
72
75
$19,419
66
Dues capital, .
Profits capital (all series),
Interest, .
.
.
.
.
Premiums,
. . . .
F i n e s , ..................................
Surplus,..................................
Guaranty fund,
Forfeited share account,
Withdrawal profits,
How are shares issued, — quarterly, semi-annually or annually ? Semiannually.
Number o f shares issued during the year, .
. 196
Number o f shares now in force, . . . .
. 808
Number o f shares now borrowed upon,
. 96
Largest number o f shares held by any one member,
. 25
. 181
Number of shares withdrawn during the year,
Number o f shares forfeited during the year,
. 13
Amount o f dues received during the year, .
Highest premium received during the year, .
Lowest premium received during the year, .
Number of members withdrawn during the year,
. 41
Present number o f members,
.
. . .
. 193
Present number of borrowers,
. . . .
. 19
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$18,029
1,188
89
4
5
58
29
5
7
00
97
58
80
78
94
00
64
95
$19,419
66
»
$9,358 00
05
05
122
BANK COMMISSIONERS’ REPORT.
[Jan.
....................................................174
Present number o f nòn-borrowers,
Number of loans secured by first mortgage of real estate, . . .
21
Amount of loans secured by first mortgage of real estate, . . . .
Number and amount of loans on s h a r e s , ...........................................
1
Largest loan to any one m em ber,....................................................................
Smallest loan to any one m e m b e r , ............................................................
Amount of expenses of the corporation for the year ending Oct. 31, 1890, .
Amount of profits credited to shares during the y e a r ,..................................
Amount of cash received during the y e a r , ..................................
11,727
Amount of cash paid during the y e a r ,..........................................
14,338
Date o f examination by commissioner: March 21.
$17,500 00
50 00
1,600 00
50 00
6,424 00
899 55
60
08
April,
Oct.,
April,
Oct.,
April,
Oct.,
1888,
1888,
1889,
1889,
1890,
1890,
1
2
3
4
.
.
.
.
5
6
419
80
97
44
119
49
$33
26
19
13
7
30
46
84
37
09
1 00
Total
Value.
Value per
Share.
D ate
I ssue .
of
No. of
Shares.
Series.
Reconciliation o f Share Account with Dues and Profits Capital.
$13,952
2,116
1,924
588
843
49
Dues paid in advance,
Dues capital, as per ledger,
Profits capital (all series),
as per ledger, .
Unpaid dues,
$18,029 00
1,188 97
262 00
5 00
$19,749 97
Total, .
Co m m o n w ea lth
P lym outh ,
70
80
48
28
71
00
of
ss .
Total,
.
.
.
.
$19,479 97
M a s sa c h u s e t t s .
N ov . 8, 1890.
Personally appeared Ernest Calkins, Secretary o f said bank, and made oath that the
foregoing report, by him subscribed, is true.
Before me,
P lym outh,
ss .
E. P. B o y n t o n , Notary Public.
•
Nov. 8 , 1890.
Personally appeared Edw. P. Reed, Treasurer of said bank, and made oath that the
securities and cash specified in the foregoing report, by him subscribed, were held by
him at the date thereof.
Before me,
P lym outh,
ss.
E d w a r d P. B o yn to n , Notary Public.
N ov . 8, 1890.
Personally appeared Moses N. Arnold, President, and S. N. Turner, Wm. C. Brett,
Wm. B. Arnold, Reuben Smith and F. M. Spiller, directors of said bank, and made
oath that the above 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 . P. B o yn to n , Notary Public.
1891.]
PUBLIC DOCUMENT— No. 8
N O RTH AM PTON
C O -O P E R A TIV E
AM P TO N .
123
BANK — NORTH
Incorporated May 21, 1889. Commenced business May 24, 1889.
Capital to be accumulated, $1,000,000.
E . C . D a v is , President.
H. E. G r a v e s , Secretary.
M. L. G r a v e s , Treasurer.
Names of security committee :
C . S. C r o u c h ,
S. R. C o o l e y ,
M. L. G r a v e s .
Regular meetings the first Monday in each month.
B a l a n c e S h e e t , O c t o b e r 31, 1890.
A ssets.
Loans on real estate, .
Loans on shares, .
Permanent expense account,
Temporary expense account,
Cash in hands of treasurer,.
L ia b il it ie s .
$14,900
30
184
154
1,592
00
00
60
76
54
Dues capital.............................
Profits capital (all series),
Interest, .
.
.
.
.
Premiums,
. . . .
F i n e s , ..................................
Transfer fees, .
. . .
Surplus,..................................
Guaranty fund,
Forfeited share account,
Withdrawal profits,
$16,861 90
How are shares issued, — quarterly, semi-annually or annually? Semi
annually.
Number o f shares issued during the year,
. 331
Number o f shares now in f o r c e , ..................................
1,135
Number o f shares now borrowed upon,
. 77
Largest number o f shares held by any one member, .
. 25
Number o f shares withdrawn during the year, .
. 129
Number o f shares forfeited during the year,
. 32
Amount o f dues received during the year, .
Highest premium received during the year, .
Lowest premium received during the year, .
Number o f members withdrawn during the year,
. 33
Present number o f m e m b e r s , ..................................
. 252
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$16,227
213
334
34
16
00
44
96
65
99
50
10 79
7 99
14 50
1 08
$16,861 90
$12,722 00
20
05
I
124
BANK COMMISSIONERS’ REPORT.
Present number o f b o r r o w e r s , ...........................................
Present number of n o n - b o r r o w e r s ,..................................
Number o f loans secured by first mortgage of real estate, .
Amount of loans secured by first mortgage of real estate, .
Number and amount of loans on shares..................................
Largest loan to any one m em b er,...........................................
Smallest loan to any one member,...........................................
Amount of expenses of the corporation for the year ending Oct.
Amount of profits credited to shares during the year, .
Amount o f cash received during the year, .
.
.
.
Amount o f cash paid during the y e a r ,..................................
Date o f examination by commissioner : June 21.
[Jan.
.
17
. 235
.
16
1
1890, .
00
00
00
00
09
217 94
13,386 98
13,075 09
$14,900
30
1,800
30
235
814
142
179
Total
Value.
1
2
3
Value per
Share.
June, 1889,
Dec., 1889,
June, 1890,
No. of
Shares.
D ate
I ssue .
of
Series.
Reconciliation o f Share Account with Dues and Profits Capital.
$17 25
11 07
5 00
$14,041 50
1,571 94
895 00
$16,227 00
213 44
132 00
64 00
Dues paid in advance,
$16,572 44
Total, .
Comm onw ealth
H a m p s h ir e ,
Dues capital, as per ledger,
Profits capital (all series;,
as per ledger, .
Unpaid dues,
ss .
of
Total,
.
.
.
.
$16,572 44
M a s sa c h u s e t t s .
N ov. 3, 1890.
Personally appeared H. R. Graves, Secretary of said bank, and made oath that the
foregoing report, by him subscribed, is true.
Before me,
H a m p s h ir e ,
ss.
J. A r t h u r W a i n w r i g h t , Justice of the Peace.
N ov . 3, 1890.
Personally appeared M. L. Graves, Treasurer of said bank, and made oath that the
securities and cash specified in the foregoing report, by him subscribed, were held by
him at the date thereof.
Before me,
J. A r t h u r W a i n w r i g h t , Justice of the Peace.
H a m p s h ir e ,
ss .
N ov . 3, 1890.
Personally appeared Emory C. Davis, President, and F. D. Barnes, C. S. Crouch,
C. M. Wright, E. E. Wood, Jr., and Alvin F. Pease, directors of said bank, and made
oath that the above report is correct, according to their best knowledge and belief.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Before me,
J. A r t h u r W a i n w r i g h t , Justice of the Peace.
1891.]
PUBLIC DOCUMENT — No.
125
N O R T H D IG H T O N C O -O P E R A T IV E R A N K — N O RTH
D IG H TO N .
Incorporated April 14, 1890. Commenced business April 21, 1890.
Capital to be accumulated, $500,000.
J a m e s H. C o d d in g , President.
N a t h a n ie l R . L in c o l n , Secretary.
E d w a r d L in c o l n , Treasurer.
Names of security committee:
E dw ard A lm y,
D a r iu s M. W
J a m e s M. L in c o l n .
h it e ,
Regular meetings the second Monday of each month.
B a l a n c e S h e e t , O c t o b e r 31, 1890.
A ssets.
Loans on real estate, .
Permanent expense account,
Pass book account,
Cash in hands of treasurer,.
L ia b il it ie s .
$1,500
55
39
2,184
00
71
50
04
Dues capital.............................
Interest,..................................
Premiums,
.
. . .
F i n e s , ..................................
$3,779 25
How are shares issued, — quarterly, semi-annually or annually ? Annually.
Number o f shares issued during the y e a r , .............................................. 537
Number of shares now in f o r c e , ............................................................... 537
Number of shares now borrowed upon,
.................................................. 8
Largest number of shares held by any one member, .
.
.
.
25
Amount of dues received during the y e a r , ...................................................
Highest premium received during the year, .
...........................................
Lowest premium received during the y e a r , ...................................................
Present number of m e m b e r s , ............................................................... 105
Present number o f b o r r o w e r s , ...................................................................2
Present number of non-borrowers................................................................ 103
Number of loans secured by first mortgage of real estate, . . .
2
Amount of loans secured by first mortgage of real estate, .
Largest loan to any one m em ber,...........................................
Smallest loan to any one m e m b e r , ..................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$3,739
33
1
5
00
52
73
00
$3,779 25
$3,739 00
05
05
1,500 00
1,000 00
500 00
BANK COMMISSIONERS’ REPORT.
[Jan.
Amount of expenses of the corporation for the year ending Oct. 31, 1890, .
Amount of cash received during the y e a r , ...................................................
Amount of cash paid during the year...............................................................
Date o f examination by commissioner : August 14.
$55 71
3,789 75
1,605 71
126
537
Total
Value.
1
Value per
Share.
I ssu e.
No. of
Shares.
D ate
o f
Series.
Reconciliation o f Share Account with Dues and Profits Capital.
$7 00
$3,759 00
T o ta l,...............................................
$3,759 00
April, 1890,
.
Co m m o n w e a lth
B r is t o l ,
of
Dues capital, as per ledger,
Unpaid dues,
Total,
.
.
.
.
$3,739 00
20 00
$3,759 00
M assach u setts.
N ov . 10, 1890.
ss .
Personally appeared Nathaniel R. Lincoln, Secretary of said bank, and made oath that
the foregoing report, by him subscribed, is true.
Before me,
B r is t o l ,
ss .
G e o . E. G o o d in g , Justice of the Peace.
N ov . 10, 1890.
Personally appeared Edward Lincoln, Treasurer of said bank, and made oath that
the securities and cash specified in the foregoing report, by him subscribed, were held
by him at the date thereof.
Before me,
G e o . E. G o o d in g , Justice of the Peace.
B r is t o l ,
ss .
N ov . 10, 1890.
Personally appeared James H. Codding, President, and Geo. A. Read, Edward
Almy, Sami M. Codding, Wm. T. Place and Edward Haskins, directors of said bank,
and made oath that the above report is correct, according to their best knowledge and
belief.
G eo . E . G o o d in g , Justice of the Peace.
Before me,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
PUBLIC DOCUMENT — No. 8.
1891.]
NORTH
E A ST O N
C O -O P E R A T IV E
EA STO N .
127
B A N K - N O RTH
Incorporated April 23, 1890. Commenced business April 23, 1890.
Capital to be accumulated, $ 1,000,000.
L. B. C r o c k e t t , President.
W
m.
W m . H . C l e m e n t s , Secretary.
H . C l e m e n t s , Treasurer.
Names of security committee:
E dw . R . Hayw ard,
H ir a m W
F r a n k M id d l e t o n ,
il l ia m s .
Regular meetings the third Monday of each month.
B a l a n c e S h e e t , O c t o b e r 31, 1890.
A ssets.
Loans on real estate, .
Permanent expense account,
Accrued interest,
Accrued premium,
Accrued lines,
Cash in hands of treasurer, .
L ia b il it ie s .
$12,500
195
29
7
13
1,861
00
00
00
65
98
72
Dues capital, .
. . .
Profits capital (all series),
Interest,..................................
Premiums,
. . .
.
F i n e s , ..................................
Transfer fees,
Surplus, . . .
Guaranty fund,
Forfeited share account,
Other liabilities,
$14,607 35
How are shares issued, — quarterly, semi-annually or annually ?
annually.
Number o f shares issued during the y e a r , ..................................
Number o f shares now in f o r c e , ...................................................
Number of shares now borrowed u p o n , ..................................
Largest number of shares held by any one member, .
Number of shares withdrawn during the year,
. . .
.
Number of shares forfeited during the year,
.
.
.
.
Amount o f dues received during the y e a r , ..................................
Highest premium received during the y e a r ,..................................
Lowest premium received during the y e a r , ..................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$13,804
551
75
21
4
00
45
00
50
24
75
14 27
17 00
13 64
105 50
$14,607 35
Semi. 330
1,014
. 63
. 25
. 104
. 12
.
$10,533 00
70
05
128
BANK COMMISSIONERS’ REPORT.
. 23
Number of members withdrawn during the year,
. 204
Present number of members,
.
.
.
. 13
Present number of borrowers....................................................
. 191
Present number of n o n - b o r r o w e r s ,..................................
. 22
Number of loans secured by first mortgage of real estate, .
Amount of loans secured by first mortgage of real estate, .
Largest loan to any one m em b er,...........................................
Smallest loan to any one m e m b e r , ..................................
Amount of expenses of the corporation for the year ending Oct. 31, 1890,
Amount of profits credited to shares during the year, .
Amount of cash received during the year, .
.
.
.
Amount of cash paid during the y e a r ,..................................
Date of examination by commissioner: March 25.
[Jan.
$12,500
2,800
200
156
518
13,318
12,411
00
00
00
92
96
99
78
April, 1889,
Oct., 1889,
April, 1890,
Oct., 1890,
.
.
.
.
526
205
174
109
$19
13
7
1
86
39
11
00
Total
Value.
1
2
3
4
Value per
Share.
I ssu e.
No. of
Shares.
D ate
o p
Series.
Reconciliation o f Share Account with Dues and Profits Capital.
$10,446
2,744
1,237
109
Dues capital, as per ledger,
Profits capital (all series),
as per ledger, .
Unpaid dues,
$13,804 00
551 45
232 00
50 00
Dues paid in advance,
$14,587 45
Total, .
Comm onw ealth
B r is t o l ,
36
95
14
00
op
Total,
.
$14,587 45
M assach u setts.
N ov . 19, 1890.
ss .
Personally appeared Wm. H. Clements, Secretary of said bank, and made oath that
the foregoing report, by him subscribed, is true.
Before me,
C h e s t e r R . F i e l d , Justice of the Peace.
B r is t o l ,
N o v . 19, 1890.
ss.
Personally appeared Wm. H. Clements, Treasurer of said bank, and made oath that
the securities and cash specified in the foregoing report, by him subscribed, were held
by him at the date thereof.
Before me,
C h e s t e r R. F i e l d , Justice of the Peace.
B r is t o l , ss.
Nov. 19,1890.
Personally appeared L. B. Crockett, President, and S. K. Kelley, A. B. Sladen, A. J.
Leavitt, Frank Middleton and J. C. Goward, directors of said bank, and made oath that
the above report is correct, according to their best knowledge and belief.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Before me,
C h e s t e r R. F i e l d , Justice of the Peace.
129
PUBLIC DOCUMENT — No. 8.
1891. J
NO RW O O D
CO -O P E R A TIV E
BAN K — NORWOOD.
Incorporated Sept. 20, 1889. Commenced business Oct. 1, 1889.
Capital to be accumulated, $1,000,000.
F r a n c is O. W
in s l o w ,
President.
I r v in g S. F o g g , Secretary.
I r v in g S. F o g g , Treasurer.
Names of security committee:
T yler T hayer,
G eo . W . G a y ,
E . J. S h a t t u c k .
Regular meetings the first Tuesday of each month.
B a l a n c e S h e e t , O c t o b e r 31, 1890.
L ia b il it ie s .
Assets.
Loans on real estate, .
Loans on shares, .
Permanent expense account,
F in e s ,..................................
Cash in hands of treasurer, .
$4,400 00
50 00
145 00
6 18
2,663 37
Dues capital, . . .
.
Profits capital (all series),
Interest,..................................
Premiums, . . .
.
F i n e s , ..................................
Surplus,..................................
Guaranty fund,
Withdrawal profits,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
1 12
1 89
1
61
$7,264 55
$7,264 55
How are shares issued, — quarterly, semi-annually or annually?
annually.
Number o f shares issued during the y e a r , ..................................
Number of shares now in f o r c e , ...................................................
Number of shares now borrowed u p o n , ..................................
Largest number of shares held by any one member, .
Number o f shares withdrawn during the year,
. . . .
Amount of dues received during the y e a r , ..................................
Highest premium received during the y e a r ,..................................
Lowest premium received during the y e a r , ..................................
Number of members withdrawn during the year,
Present number o f m e m b e r s , ...................................................
Present number o f b o r r o w e r s , ...................................................
Present number of n o n - b o r r o w e r s ,..........................................
Number o f loans secured by first mortgage of real estate, .
$7,059 00
178 02
16 55
60
5 76
Semi. 247
. 684
. 27
. 25
. 63
$7,078 00
15
05
12
131
4
127
3
130
BANK COMMISSIONERS’ REPORT.
[Jan.
Amount of loans secured by first mortgage of real estate, .
.
.
.
Number and amount of loans on s h a r e s , ..................................
1
Largest loan to any one m em ber,...................................................
2,200
Smallest loan to any one m e m b e r , ...........................................
50
Amount o f expenses of the corporation for the year ending Oct. 31, 1890, .
Amount o f profits credited to shares during the y e a r ,.................
189
Amount of cash received during the y e a r , ..................................
7,298
Amount of cash paid during the y e a r , ...........................................
5,137
Date of examination by commissioner: June 9.
$4,40000
5000
00
00
1741
09
46
74
.
.
.
1
2
3
453
166
65
$13 36
7 09
1 00
Total
Value.
Value per
Share.
Oct., 1889,
April, 1890,
Oct., 1890,
No. of
Shares.
D ate
I ssu e .
of
Series.
Reconciliation o f Share Account with Dues and Profits Capital.
$6,052 08
1,176 94
65 00
Dues paid in advance,
$7,059 00
178 02
81 00
24 00
$7,318 02
Total, .
Co m m o n w ea lth
N orfolk,
Dues capital, as per ledger,
Profits capital (all series),
as per ledger, .
Unpaid dues,
ss .
of
Total,
.
.
.
.
$7,318 02
M assach u setts.
N o v . 7, 1890.
Personally appeared Irving S. Fogg, Secretary of said bank, and made oath that the
foregoing report, by him subscribed, is true.
Before me,
N orfolk,
ss .
T h o m a s E. C l a r y , Justice of the Peace.
N ov . 7 ,1890.
Personally appeared Irving S. Fogg, Treasurer of said bank, and made oath that the
securities and cash specified in the foregoing report, by him subscribed, were held by
him at the date thereof.
Before me,
N orfolk,
ss .
T homas E. C l a r y , Justice of the Peace.
N ov . 12, 1890.
Personally appeared Francis O. Winslow, President, and Harvey L. Boyden, John E.
Smith, Geo. W . Gay, Edmund J. Shattuck and Frank A. Fales, directors of said bank,
and made oath that the above report is correct, according to their best knowledge and
belief.
T h o m a s E. C l a r y , Justice of the Peace.
Before me,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
1891.]
PUBLIC DOCUMENT — No. 8.
131
O R AN G E C O -O P E R A T IV E B A N K - O R AN G E.
Incorporated Jan. 8 , 1889. Commenced business Jan. 23, 1889.
Capital to be accumulated, $1,000,000.
W
m.
L. G hout President,
E l is h a S. H a l l , Secretary,
E l is h a S. H a l l , Treasurer.
Names of security committee:
A d elbe kt W . B allou,
E d >v . C. F o w l e r ,
W il l a r d E . J oh n son .
Regular meetings the fourth Wednesday of each month.
B a l a n c e S h e e t , O c t o b e r 31, 1890.
A ssets.
Loans on real estate, .
Loans on shares, .
Permanent expense account,
Temporary expense account,
Cash in hands o f treasurer, .
L ia b il it ie s .
$23,000 00
260 00
152 02
4 50
2,740 39
$26,156 91
Dues capital............................
Profits capital (all series),
Interest.....................................
Premiums,
. . . .
Fines,
.
Guaranty fund,
Forfeited share account,
Withdrawal profits,
Undivided profits, .
$24,756
829
456
45
21
19
6 00
15 61
7 67
$26,156 91
How are shares issued, — quarterly, semi-annually or annually? Semi
annually.
Number o f shares issued during the year.................................................531
Number of shares now in force......................................................... 1,485
Number of shares now borrowed upon,...................................................160
Largest number of shares held by any one member, .
.
.
.2 5
Number of shares withdrawn during the y e a r , ..................................399
Amount o f dues received during the y e a r , ................................................... $13,069 00
Highest per centum of interest received during the year: 7T8ff.
Lowest per centum of interest received during the year: 6 .
Number o f members withdrawn during the y ea r,..................................64
Present number of mem bers,................................................................... 234
Present number of b o r r o w e r s , ..........................................
. . .
31
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
00
02
70
00
44
47
132
BANK COMMISSIONERS’ REPORT.
. 203
. 28
O
O
00
CO*
(N
00
260
1,400
۩=
Present number of n o n - b o r r o w e r s , ...........................................
Number of loans secured by first mortgage of real estate, .
Amount o f loans secured by first mortgage o f real estate, .
Number and amount of loans on s h a r e s , ..................................
Largest loan to any one m e m b e r,...................................................
Smallest loan to any one m em ber,..................................................
Amount o f expenses of the corporation for the year ending Oct. 31,
Amount o f profits credited to shares during the year, .
Amount o f cash received during the y e a r , ..................................
Amount o f cash paid during the year...............................................
Date o f examination by commissioner : March 25.
[Jan.
.
3
00
100 00
1890, .
135
753
23,105
21,349
61
34
50
06
832
227
227
199
$22
16
10
4
86
39
11
00
Total
Value.
1
2
3
4
Jan., 1889,
July, 1889,
Jan., 1890,
July, 1890,
Value per
Share.
No. of
Shares.
D ate
I ssue .
of
Series.
Reconciliation o f Share Account with Dues and Profits Capital.
$19,019
3,720
2,294
796
Dues capital, as per ledger,
Profits capital (all series),
as per ledger, .
Unpaid dues,
$24,756 00
829 02
300 00
54 00
Dues paid in advance,
$25,885 02
Total, .
Co m m o n w ea lth
F r a n k l in ,
52
53
97
00
of
Total,
.
.
.
.
$25,885 02
M a s sa c h u s e t t s .
N ov . 28, 1890.
ss .
Personally appeared Elisha S. Hall, Secretary of said bank, and made oath that the
foregoing report, by him subscribed, is true.
Before me,
F r a n k l in ,
ss .
R ufus D. C h a s e , Justice of the Peace.
N ov . 28, 1890.
Personally appeared Elisha S. Hall, Treasurer of said bank, and made oath that the
securities and cash specified in the foregoing report, by him subscribed, were held by
him at the date thereof.
Before me,
F r a n k l in ,
ss .
R ufus D. C h a s e , Justice of the Peace.
N ov . 28, 1890.
Personally appeared Wm, L. Grout, President, and A. W. Ballou, H. S. Dawley, F.
S. Ewing, T. W. Bridge and J. R. Bement, directors of said bank, and made oath that
the above report is correct, according to their best knowledge and belief.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Before me,
R u fu s D. C h a s e , Justice of the Peace.
1891.]
PUBLIC DOCUMENT— No. 8.
133
P E A B O D Y ’ C O -O P E R A TIV E B A N K — PE AB O D Y.
Incorporated May 28, 1888. Commenced business June 16, 1888.
Capital to be accumulated, $1,000,000.
G eo . F. S a n g e r , President.
H. f'. W a l k e r , Secretary.
H. F. W a l k e r , Treasurer.
Names of security committee :
N. W. Q u in t ,
W. B. R ic h a r d s o n ,
S. S. L i t t l e f ie l d .
Regular meetings the third Saturday of each month.
B alance Sheet , O ctober 31, 1890.
A ssets.
Loans on real estate, .
Loans on shares, .
Permanent expense account,
Cash in hand of treasurer, .
'
L ia b il it ie s .
$36,625
1,050
138
1,950
$39,764
00
00
87
81
Dues capital, . . .
.
Profits capital (all series),
Interest,..................................
Premiums,
. . .
.
Fines,
.
.
.
.
.
Transfer fees, .
.
.
.
Surplus,..................................
Guaranty fund,
Withdrawal profits,
68
How are shares issued, — quarterly, semi-annually or annually ? Semi
annually.
. 533
Number of shares issued during the year, .
.
.
.
Number o f shares now in f o r c e , .................................. ........
1,825
Number of shares now borrowed upon,..................................
. 215
Largest number o f shares held by any one member, .
. 25
Number of shares withdrawn during the year,
. 148
Amount of dues received during the year, . . . .
Highest premium received during the year, . . . .
Lowest premium received during the y e a r ,..........................
Number o f members withdrawn during the year,
. 35
Present number of members.....................................................
. 298
Present number o f b o r r o w e r s , ...........................................
. 38
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$37,208
1,481
840
107
13
00
31
40
54
69
1 00
71 23
29 43
12 08
$39,764
68
$20,045 00
30
05
134
BANK COMMISSIONERS’ REPORT.
[Jan.
Present number of n o n - b o r r o w e r s ,................................................... 260
Number o f loans secured by first mortgage of real estate, . . .
31
Amount of loans secured by first mortgage of real estate...............................$36,625 00
Number and amount of loans on shares,
.
.
,.
.
. 7
1,050 00
Largest loan to any one m em b er,....................................................................
3,600 00
Smallest loan to any one member......................................................................
50 00
Amount of expenses of the corporation for the year ending Oct, 31, 1890, .
184 75
Amount of profits credited to shares during the j e a r , ..................................
1,229 22
Amount of cash received during the y e a r , ...................................................
24,427 84
Amount of cash paid during the y e a r ,...........................................................
23,243 88
Date of examination by commissioner : May 6 .
June,
Dec.,
June,
Dec.,
June,
1888,
1888,
1889,
1889,
1890,
.
.
1
2
3
4
5
824
235
244
184
338
$30
23
17
11
5
44
81
36
09
00
Total
Value.
Value per
Share.
D ate
I ssue .
of
No. of
Shares.
Series.
Reconciliation o f Share Account with Dues and Profits Capital.
$25,082
5,595
4,235
2,040
1,690
Dues capital, as per ledger,
Profits capital (all series),
as per ledger, .
Unpaid dues,
$37,208 00
1,481 31
140 00
185 00
Dues paid in advance,
$38,829 31
Total, .
Co m m o n w e a lth
E ssex,
56
35
84
56
00
ss .
op
Total,
.
.
.
.
$38,829 31
M a s sa c h u s e t t s .
N ov . 20, 1890.
Personally appeared H. F. Walker, Secretary of said bank, and made oath that the
foregoing report, by him subscribed, is true.
Before me,
E ssex,
S i d n e y C. B a n c r o f t , Justice of the Peace.
N ov . 20, 1890.
ss.
Personally appeared H. F. Walker, Treasurer of said bank, and made oath that the
securities and cash specified in the foregoing report, by him subscribed, were held by
him at the date thereof.
Before me,
E ssex,
ss .
S id n e y C. B a n c r o f t , Justice of the Peace.
N ov . 20, 1890.
Personally appeared Geo. F. Sanger, President, and S. L. Newhall, Wm. T. Lee, S. S.
Littlefield, P. H. O’Conor and W. B. Richardson, directors of said bank, and made oath
that the above report is correct, according to their best knowledge and belief.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Before me,
S i d n e y C. B a n c r o f t , Justice of the Peace.
135
PUBLIC DOCUMENT — No. 8.
1891.]
PE O P LES’ C O -O P E R A TIV E B A N K — P A L L R IV E R .
Incorporated Feb. 18, 1882. Commenced business March 15, 1882.
Capital to be accumulated, $1,000,000.
M il t o n R
eed,
President.
S a m u e l H a d f i e l d , Secretary.
Sa m u e l H a d f i e l d , Treasurer.
Names of security committee:
J o h n H . E st e s ,
E . S. A d a m s ,
Ch a s. E . M il l s ,
Sa m ’ l H a d f i e l d ,
F. 0 . D o d g e .
Regular meetings the third Wednesday of each month.
Balance Sheet , October 31, 1890.
L ia b il it ie s .
A ssets.
Loans on real estate, .
Loans on shares, .
Temporary expense account,
Real estate by foreclosure, .
Profit and loss account,
Cash in hands o f treasurer,.
$97,925
3,500
315
500
50
6,935
00
00
91
00
78
29
$109,226 98
Dues capital.............................
Profits capital (all series),
Interest,..................................
Premiums,
. . . .
Fines........................................
Guaranty fund,
Forfeited share account,
Forfeiture profits, .
$92,803
12,610
2,941
323
33
229
282
3
00
02
44
87
29
22
31
83
$109,226 98
How are shares issued, — quarterly, semi-annually or annually ? Semi
annually.
Number o f shares issued during the y e a r , .................................. 1,214
Number of shares now in force, .
.
.
.
.
.
.
2,992
Number o f shares now borrowed upon,................................................... 768
.
.
.
25
Largest number o f shares held by any one member, .
Number of shares withdrawn during the y e a r , .................................. 868
Number of shares forfeited during the y e a r,...........................................27
Amount of dues received during the y e a r , ................................................... $34,861 00
Highest premium received during the y e a r ,...................................................
10
Lowest premium received during the y e a r , ...................................................
05
Number of members withdrawn during the y ea r,.................................. 120
Present number of members,.................................................................... 391
Present number o f borrowers.....................................................................99
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
136
BANK COMMISSIONERS’ REPORT.
. 292
Present number of non-borrowers,..................................
. 74
Number of loans secured by first mortgage of real estate,
Amount of loans secured by first mortgage of real estate,
. 25
Number and amount of loans on shares,
Largest loan to any one m e m b e r,..................................
Smallest loan to any one member,..................................
Amount of expenses of the corporation for the year ending Oct. 31, 1890, .
Amount o f profits credited to shares during the year, .
Amount of cash received during the year,
Amount of cash paid during the year, . . . .
Date of examination by commissioner: March 17.
[Jan.
$97,925 00
3,500 00
4,500 00
50 00
652 48
5,463 36
67,143 00
64,688 48
Mar.,
July,
Jan.,
July,
Jan.,
July,
Jan.,
July,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
1882,
1882,
1883,
1883,
1884,
1884,
1885,
1885,
1885,
1886,
1886,
1887,
1887,
1888,
1888,
1889,
1889,
1890,
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
Total
Value.
Value per
Share.
D ate
I ssue .
of
No. of
Shares.
Series.
1
Reconciliation o f Share Account with Dues and Profits Capital.
181 $134 43 $24,331 83
5,750 10
45
127 78
2,358 80
20
117 94
3,361 64
108 44
31
1,289 99
13
99 23
90 33
993 63
11
6,132 75
75
81 77
73 51
1,029 14
14
4,634 88
68 16
68
108
60 36
6,518 88
4,014 32
52 82
76
4,046 83
45 47
89
9,943 01
259
38 39
7,281 12
231
31 52
8,644 32
24 84
348
339
18 37
6,227 43
12 09
5,017 35
415
4,014 00
669
6 00
$92,803 00
12,610 02
246 00
69 DO
Dues paid in advance,
$105,659 02
Total, .
Com m onw ealth
B r is t o l ,
Dues capital, as per ledger,
Profits capital (all series),
as per ledger, .
Unpaid dues,
oe
Total.............................. $105,659 02
M assa ch u setts.
N ov . 25,1890.
ss .
Personally appeared Samuel Hadfield, Secretary of said bank, and made oath that
the foregoing report, by him subscribed, is true.
Before me,
B r is t o l ,
C iia s . L. B a k e r , Justice of the Peace.
N ov . 25,1890.
ss .
Personally appeared Samuel Hadfield, Treasurer of said bank, and made oath that
the securities and cash specified in the foregoing report, by him subscribed, were held
by him at the date thereof.
Before me,
B r is t o l ,
C h a s . L. B a k e r , Justice of the Peace.
N ov . 26,1890.
ss .
Personally appeared Milton Reed, President, and Owen Durfee, Chas. E. Mills,
F. O. Dodge, J. P. Prentiss and Abner P. Davol, directors of said bank, and made oath
that the above 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 . L. B a k e r , Justice of the Peace.
1891.]
PUBLIC DOCUMENT — No. 8.
P IO N E E R
C O -O P E R A T IV E
137
B A N K — BOSTON.
Incorporated July 26, 1877. Commenced business Aug. 6 , 1877.
Capital to be accumulated, $1,000,000.
D. E l d r e d g e , Secretary.
G a m a l i e l B r a d f o r d , President.
D. E l d r e d g e , Treasurer.
Names of security committee:
H ir a m A m e s ,
G a m a l ie l B r a d f o r d ,
J. K . F e l l o w s ,
A . H. Clapp,
W. H . R o b e r t s .
Regular meetings the first Monday of each month.
B alance Sheet , October 31, 1890.
A ssets.
L ia b il it ie s .
Loans on real estate, .
$243,250 00
Loans on shares, .
12,750 00
Temporary expense account,
275 00
Real estate by foreclosure, .
1,985 99
Fines......................................
35 82
Mortgages, .
.
.
.
2,000 00
Cash in hands of treasurer,.
17,108 84
Dues capital, .
.
.
.
Profits capital (all series),
-Interest,..................................
Premiums,
. . .
.
Transfer fees,
Surplus,..................................
Guaranty fund,
Forfeited share account,
Withdrawal profits,
$277,405 65
How are shares issued, — quarterly, semi-annually or annually ? Semiannually.
Number o f shares issued during the year, •
1,266
Number o f shares now in force, .
.
.
.
6,012
Number o f shares now borrowed upon,
1,580
Largest number o f shares held by any one member,
. 25
Number of shares withdrawn during the year,
. 832
Number of shares forfeited during the year,
. 98
Number o f shares retired during the year, .
. 225
Number o f shares matured during the year,
. 34
Amount o f dues received during the year, .
Highest premium received during the year, .
Lowest premium received during the year, .
Number o f members withdrawn during the year,
. 182
Present number o f members,
. . .
.
. 886
Present number of borrowers,
.
. . .
. 177
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$229,617
42,742
734
44
2,497
1,650
71
48
00
06
67
95
75
16
00
06
00
$277,405 65
$69,722 00
25
05
[Jan.
BANK COMMISSIONERS’ REPORT.
138
Present number of n o n - b o r r o w e r s ,................................................... 709
Number o f loans secured by first mortgage of real estate, .
.
. 173
Amount o f loans secured by first mortgage of real estate, .
.
.
.
$243,250 00
Number and amount of loans on s h a r e s , ........................................... 47
12,750 00
Largest loan to any one m em b er,....................................................................
5,000 00
Smallest loan to any one member,....................................................................
50 00
Amount of expenses of the corporation for the yearending Oct. 31, 1890, .
2,445 10
16,746 16
Amount of profits credited to shares during the y e a r,..................................
Amount of cash received during the y e a r , ...................................................
172,607 55
157,455 68
Amount of cash paid during the year...............................................................
Date o f examination by commissioner: February 17.
Aprii,
Oct.,
Aprii,
Oct ,
Aprii,
Oct.,
Aprii,
Oct.,
Aprii,
Oct.,
Aprii,
Oct.,
Aprii,
Oct.,
Aprii,
Oct.,
Aprii,
Oct.,
Aprii,
Oct.,
Aprii,
Oct.,
1880,
1880,
1881,
1881,
1882,
1882,
1883,
1883,
1884,
1884,
1885,
1885,
1886,
1886,
1887,
1887,
1888,
1888,
1889,
1889,
1890,
1890,
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
30
29
55
60
47
100
83
132
277
244
228
245
360
236
216
391
567
462
551
555
698
446
$182 57
170 65
159 19
148 14
137 45
127 08
117 09
107 45
98 04
88 99
80 27
71 82
63 66
55 77
48 13
40 73
33 55
26 61
19 89
13 39
7 10
1 00
Total
Value.
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
Value per
Share.
No. of
Shares.
D ate
I ssue.
of
Series.
Reconciliation o f Share Account with Dues and Profits Capital.
$5,477 10
4,948 85
8,755 45
8,888 40
6,460 15
12,708 00
9,718 47
14,183 40
27,157 08
21,713 56
18,301 56
17,595 90
22,917 60
13,161 72
10,396 08
15,925 43
19,022 85
12,293 82
10,959 39
7,431 45
4,955 80
446 00
422 00
Dues paid in advance,
$273,840 06
Total, .
Com m onw ealth
Su ffo lk ,
ss .
Dues capital, as per ledger, $229,617 00
Profits capital (all series),
42,742 06
as per ledger, .
1,481 00
Unpaid dues,
of
Total,
.
.
.
.
$273,840 06
Massach u setts.
N ov . 18, 1890.
Personally appeared D. Eldredge, Secretary of said bank, and made oath that the
foregoing report, by him subscribed, is true.
Before me,
'W a l t e r H. R o b e r t s , Justice of the Peace.
Suffolk,
ss .
N ov . 18, 1890.
Personally appeared D. Eldredge, Treasurer of said bank, and made oath that the
securities and cash specified in the foregoing report, by him subscribed, were held by
him at the date thereof.
Before me,
W a l t e r H. R o b e r t s , Justice of the Peace.
Suffolk,
ss .
N ov . 18, 1890.
Personally appeared Gamaliel Bradford, President, and John K. Fellows, Willis S.
Mason, C. Willard Carter, Eugene C. Leonard and H. Thomas Elder, directors of said
bank, and made oath that the above report is correct, according to their best knowledge
and belief.
W a l t e r H . R o b e r t s , Justice of the Peace.
Before me,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
1891.]
139
PUBLIC DOCUMENT — No.
P IT T SF IE L D C O -O P E R A TIV E B A N K — P IT T S F IE L D .
Incorporated Feb. 15, 1889. Commenced business March 5, 1889.
Capital to be accumulated, $1,000,000.
F. W. H in s d a l e , President.
H o m e r B. N a s h , Secretary.
H o m e r B. N a s h , Treasurer.
Names of security committee:
H. S. R ussell ,
W . W. G a m w e l l ,
M ich ael Cas e y .
Regular meetings the first Tuesday of each month.
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.
Loans on real estate, .
Loans on shares, .
Permanent expense account,
Temporary expense account,
Cash in hands of treasurer,.
31, 1890.
$28,850
495
135
14
472
00
00
00
00
67
Dues capital, . . . .
Profits capital (all series),
Interest,..................................
F i n e s , ..................................
Transfer fees,
Surplus,..................................
Guaranty fund,
$29,966 67
How are shares issued, — quarterly, semi-annually or annually ? Semiannually.
1,193
Number of shares issued during the y e a r , ..................................
2,430
Number o f shares now in f o r c e , ...................................................
. 221
Number of shares now borrowed u p o n , ..................................
. 25
Largest number of shares held by any one member, .
. 141
Number o f shares withdrawn during the year, . . . .
Amount of dues received during the y e a r , ..................................
Highest per centum o f interest received during the year: 6 ^.
Lowest per centum of interest received during the year: 6 .
19
Number o f members withdrawn during the year,
460
Present number of members,............................................................
28
Present number o f b o r r o w e r s , ...................................................
432
Present number of n o n - b o r r o w e r s ,..........................................
22
Number of loans secured by first mortgage of real estate, .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$28,914
722
281
15
00
56
48
44
75
15 59
16 85
$29,966 67
$21,640 00
140
BANK COMMISSIONERS’ REPORT.
Amount o f loans secured by first mortgage of real estate,.
.
.
.
Number and amount of loans on s h a r e s , ........................................
6
Largest loan to any one m em ber,...................................................
5,000
Smallest loan to any one m e m b e r , ...........................................
20
Amount of expenses of the corporation for the year ending Oct. 31, 1890, .
679
Amount o f profits credited to shares during the y e a r ,.................
Amount of cash received during the y e a r , .............................
26 929 79
Amount of cash paid during the y e a r , ...........................................
26,643
Date of examination by commissioner: June 24.
[Jan.
$28,85000
49500
00
00
27306
50
37
890
444
525
571
Dues paid in advance,
$20
14
8
2
62
29
08
00
Total
Value.
1
2
3
4
Mar., 1889,
Sept., 1889,
Mar., 1890,
Sept., 1890,
Value per
Share.
No. of
Shares.
D ate
I ssue.
of
Series.
Reconciliation o f Share Account with Dues and Profits Capital.
$18,351
6,344
4,242
1,142
80
76
00
00
Dues capital, as per ledger,
Profits capital (all series),
as per ledger, .
Unpaid dues,
$28,914 00
722 56
556 00
112 00
Total,
$30,192 56
$30,192 56
-
Com m onw ealth of M assachusetts .
B e r k s h ir e , ss.
Dec. 5, 1890.
Personally appeared Homer B. Nash, Secretary of said bank, and made oath that
the foregoing report, by him subscribed, is true.
Before me,
W a lt er F. H a w k in s , Justice of the Peace.
B e r k s h ir e , ss .
Dec. 5, 1890.
Personally appeared Homer B. Nash, Treasurer o f said bank, and made oath that
the securities and cash specified in the foregoing report, by him subscribed, were held by
him at the date thereof.
Before me,
B e r k s h ir e , ss .
W a lt e r F. H a w k in s , Justice of the Peace.
Dec. 10,1890.
Personally appeared F. W . Hinsdale, President, and M. G. Rosenthal, W. R. Plunkett,
W. T. Petherbridge, E. D. Jones and W. W. Gamwell, directors of said bank, and made
oath that the above 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 F. H a w k in s , Justice of the Peace.
1891.]
PUBLIC DOCUMENT — No. 8.
141
P L Y M O U T H C O -O P ER ATIV E B A N K — PL Y M O U T H .
Incorporated June 7, 1882. Commenced business June 20, 1882.
Capital to be accumulated, $1,000,000.
E d w . B. A twood , President.
H erbert M o r r is e y , Seeretary.
G eorge S. D y e r , Treasurer.
Names of security committee:
P eleg L. B urgess ,
Joseph B ar n e s ,
H. P. B a il e y .
Regular meetings the third Friday of each month.
B a l a n c e S h e e t , O c t o b e r 31, 1890.
A ssets.
Loans on real estate, .
Loans on shares, .
Permanent expense account,
Temporary expense account,
Unpaid dues.
Cash in hands o f treasurer, .
L ia b il it ie s .
$16,300
1,720
90
42
492
410
00
00
05
75
53
25
$19,055 58
Dues capital............................
Profits capital (all series),
Interest,..................................
Premiums,
. . . .
F i n e s , ..................................
Surplus,..................................
Guaranty fund,
Forfeited share account,
Withdrawal profits,
$15,539
2,911
437
39
30
24
33
24
14
42
10
95
02
30
72
98
23
86
$19,055 58
How are shares issued, — quarterly, semi-annually or annually? Semi
annually.
Number o f shares issued during the y e a r , ...........................................187
Number o f shares now in f o r c e , ............................................................... 398
Number of shares now borrowed u p o n , .............................................. 120
Largest number o f shares held by any one member, .
.
.
.
20
Number o f shares withdrawn during the y e a r , ........................................99
Number of shares forfeited during the year,...........................................4
Amount of dues received during the y e a r , ................................................... $4,243 24
Highest premium received during the y e a r ,...................................................
19®
Lowest premium received during the y e a r , ...................................................
Number o f members withdrawn during the year,
.
.
.
.
40
Present number of members,........................................................................103
Present number o f b o r r o w e r s , ................................................................. 29
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
142
BANK COMMISSIONERS’ REPORT.
[Jan.
Present number of n o n - b o r r o w e r s ,................................................... 74
Number o f loans secured by first mortgage of real estate, . . .
25
Amount o f loans secured by first mortgage of real estate, .
.
.
.
Number and amount of loans on shares,
...........................................
9
Largest loan to any one m em ber,....................................................................
Smallest loan to any one member,....................................................................
Amount of expenses of the corporation for the year ending Oct. 31, 1890, .
Amount of profits credited to shares during the y e a r ,..................................
Amount o f cash received during the y e a r , ..................................
6,276
Amount o f cash paid during the y e a r ,...........................................
8,488
Date o f examination by commissioner : May 2.
$16,300 00
1,720 00
2,000 00
70 00
148 99
1,066 19
04
76
June,
Dec.,
June,
Dec.,
June,
Dec.,
Dec.,
June,
Dec.,
June,
Dec.,
June,
Dec.,
June,
Dec ,
June,
1882,
1882,
1883,
1883,
1884,
1884,
1885,
1886,
1886,
1887,
1887,
1888,
1888,
1889,
1889,
1890,
52
7
8
20
20
3
5
5
8
18
49
1
11
15
94
82
.
.
$130
120
110
101
92
83
67
59
51
44
37
30
23
17
11
5
10
38
83
55
56
87
34
49
89
55
45
55
88
40
11
00
Total
Value.
No. of
Shares.
1
2
3
4
5
6
8
9
10
11
12
13
14
15
16
17
D ate
I ssue.
op
Value per
Share.
Series.
Reconciliation o f Share Account with Dues and Profits Capital.
$6,765
842
886
2,031
1,851
251
336
297
415
801
1,835
30
262
261
1,044
410
20
66
64
00
20
61
70
45
12
90
05
55
68
00
34
00
Dues capital, as per ledger,
$18,450 52
16 02
111 40
Undrawn balance, .
Dues paid in advance,
$18,450 52
Total, .
Co m m o n w e a l t h
P l y m o u t h , ss.
op
Total,
.
.
.
.
$18,450 52
M a ssa ch u setts.
Dec. 9, 1890.
Personally appeared Herbert Morrisey, Secretary of said bank, and made oath that
the foregoing report, by him subscribed, is true.
Before me,
P l y m o u t h , ss.
E v e r e t t F. S h e r m a n , Justice of the Peace.
iDec. 9, 1890.
Personally appeared Geo.S. Dyer,Treasurer
of saidbank, and made oath that
the securities andcash specified in the foregoingreport, by him subscribed, were held
by him at the date thereof.
Before me,
P l y m o u t h , ss .
E v e r e t t F. S h e r m a n , Justice of the Peace.
Dec. 9, 1890.
Personally appeared E. B. Atwood, President, and C. E. Barnes, B. O. Strong, F. H.
Lanman, J. C. Cave and A. O. Brown, directors of said bank, and made oath that
the above 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 M o r r is e y , Justice of the Peace.
1891 .]
PUBLIC DOCUMENT — No. 8.
143
P R O V ID E N T C O -O P E R A TIV E B A N K — CH E L SE A .
Incorporated Sept. 25, 1885. Commenced business Sept. 28, 1885.
Capital to be accumulated, $1,000,000.
T hos . M a r t in , President.
C. W il l is G ould , Secretary.
C. W il lis G ould , Treasurer.
Names of security committee:
J ohn W . D orr ,
M ilton R a y ,
H e n r y C. S t a r k e y .
Regular meetings the fourth Monday of each month.
B a l a n c e S h e e t , O c t o b e r 31, 1890.
A ssets.
L ia b il it ie s .
$139,225 00
Loans on real estate, .
6,900 00
Loans on shares, .
28 02
Temporary expense account,
32 80
Profit and loss account,
3 49
Unpaid fines,
Cash in hands of treasurer,.
4,733 03
Dues capital, .
. . .
$132,287 00
Profits capital (all series),
15,814 96
Interest,..................................
869 11
Premiums,
.
. . .
157 65
Transfer fees,
1 75
Surplus,..................................
277 94
Guaranty fund,
1,022 73
Forfeited share account,
375 49
Withdrawal profits,
107 01
Forfeiture profits, .
8 70
$150,922 34
$150,922 34
How are shares issued, — quarterly, semi-annually or annually? Semi
annually.
Number of shares issued during the year........................................1,664
Number of shares now in force......................................................... 4,126
Number of shares now borrowed upon,...........................................1,030
Largest number o f shares held by any one member, . . .
.
25
Number o f shares withdrawn during the y e a r , .................................. 695
Amount of dues received during the y e a r , ................................................... $54,220 00
Highest premium received during the y e a r ,...................................................
25
Lowest premium received during the year........................................................
05
Number of members withdrawn during the yea r,.................................. 104
Present number o f members,.................................................................... 652
Present number of borrowers,
. . .
.
.
.
.
133
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
144
BANK COMMISSIONERS* REPORT.
[Jan.
Present number of non-borrowers,...................................................
. 519
Number of loans secured by first mortgage of real estate, .
. 103
Amount o f loans secured by first mortgage of real estate,
$139,225 00
Number and amount of loans on s h a r e s , ..................................
. 30
6,900 00
Largest loan to any one m em b er,...................................................
3,800 00
Smallest loan to any one member,...................................................
50 00
Amount of expenses of the corporation for the year ending Oct. 31, 1890, .
1,025 28
Amount o f profits credited to shares during the year, .
7,931 76
Amount o f cash received during the y e a r , ..................................
87,171 96
Amount o f cash paid during the y e a r , ...........................................
87,600 01
Date o f examination by commissioner: July 1.
.
.
Sept., 1885,
Mar., 1886,
Sept., 1886,
Mar., 1887,
Sept., 1887,
Mar., 1888,
Sept., 1888,
Mar., 1889,
Sept., 1889,
Mar., 1890,
Sept., 1890,
.
.
1
2
3
4
5
6
7
8
9
10
11
428
353
213
197
254
640
349
602
564
951
575
Dues paid in advance,
$74
65
57
49
42
34
27
20
14
19
77
60
72
12
81
78
98
43
8 11
2 00
Total
Value.
Value per
Share.
D ate
I ssue .
of
No. of
Shares.
Series.
Reconciliation o f Share Account with Dues and Profits Capital.
$31,753
23,216
12,268
9,794
10,698
22,278
9,695
12,629
8,138
7,712
1,150
32
81
80
84
48
40
22
96
52
61
00
Dues capital, as per ledger. $132,287 00
Profits capital (all series),
as per ledger, .
15,814 96
Unpaid dues,
1,446 00
211 00
Total, .
$149,547 96
Total..............................
$149,547 96
Commonwealth of M assachusetts .
S u f f o l k , ss.
N ov . 18, 1890.
Personally appeared C. Willis Gould, Secretary of said bank, and made oath that the
foregoing report, by him subscribed, is true.
Before me,
John B uck , Justice of the Peace.
N ov. 18, 1890.
S uffolk , ss .
Personally appeared C. Willis Gould, Treasurer of said bank, and made oath that the
securities and cash specified in the foregoing report, by him subscribed, were held by
him at the date thereof.
Before me,
S uffolk , ss.
J ohn B uck , Justice of the Peace.
Nov. 18, 1890.
Personally appeared Thomas Martin, President, and Wm. Martin, Hervey C. Starkey,
Edward H. Walker, Chas. Edwards and John W. Dorr, directors of said bank, and
made oath that the above report is correct, according to their best knowledge and belief.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Before me,
John B uck , Justice of the Peace.
1891.]
145
PUBLIC DOCUMENT — No. 8
Q U IN C Y C O -O P E R A TIV E B A N K — Q U IN C Y .
Incorporated April 17, 1889. Commenced business May 7, 1889.
Capital to be accumulated, $1,000,000.
W m . L. F axon , President.
R ich ard D. C h ase , Secretary.
R ich ard D. C h ase , Treasurer.
Names of security committee:
G eo . H. F ie l d ,
A lb e r t K eatin g ,
A n d r e w M il n e .
Regular meetings the first Wednesday of each month.
B a l a n c e S h e e t , O c t o b e r 31, 1890.
A ssets.
Loans on real estate, .
Loans on shares, .
Permanent expense account,
Suspense account,
Cash in hands of secretary,.
L ia b il it ie s .
$13,400 00
250 00
213 13
11 12
Dues capital, .
. . .
Profits capital (all series),
Surplus,..................................
Guaranty fund,
3,849 37
$17,723 62
$17,723 62
How are shares issued, — quarterly, semi-annually or annually ?
annually.
Number of shares issued during the year, .
Number o f shares now in force, .
.
.
.
Number of shares now borrowed upon,
Largest number o f shares held by any one member,
Number o f shares withdrawn during the year,
Amount of dues received during the year, .
Highest premium received during the year, .
Lowest premium received during the year, .
Number o f members withdrawn during the year,
Present number o f members,
.
. . .
Present number of borrowers..................................
Present number o f non-borrowers,
Number o f loans secured by first mortgage o f real estate,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$17,018 00
680 91
11 71
13 00
Semi. 594
1,215
. 96
. 25
. 229
$14,064 00
25
05
•
.
42
. 14
. 236
. 10
146
BANK COMMISSIONERS’ REPORT.
[Jan.
Amount o f loans secured by first mortgage of real estate.............................. $13,400 00
Number and amount of loans on s h a r e s , ...........................................
3
250 00
Largest loan to any one member, .
............................................................
2,200 00
Smallest loan to any one member,....................................................................
50 00
Amount of expenses of the corporation for the year ending Oct. 31, 1890,
.
74 25
Amount of profits credited to shares during the y e a r ,...................
645
30
Amount o f cash received during the y e a r , ....................................
16,700
98
Amount o f cash paid during the year, .
.
.
.
.
.
.
.
13,971 92
Date of examination by commissioner : June 24.
.
1
693
269
253
2
3
Dues paid in advance,
Total
Value.
May, 1889,
Nov., 1889,
May, 1890,
Value per
Share.
D ate
I ssue.
of
No. of
Shares.
Series.
Reconciliation o f Share Account with Dues and Profits Capital.
$18 81
12 36
6 09
$13,035 33
3,324 84
1,540 7T
$17,018 00
680 94
227 00
25 00
.
$17,925 94
Total, .
Com m onw ealth
N orfolk,
Dues capital, as per ledger,
Profits capital (all series),
as per ledger, .
Unpaid dues,
.
.
ss .
oe
Total,
.
.
.
.
$17,925 94
M a s sa c h u s e t t s .
Q u in c y , N ov . 15, 1890.
Personally appeared Richard D. Chase, Secretary o f said bank, and made oath that
the foregoing report, by him subscribed, is true.
Before me,
J ohn W . M c A n a r n l e y , Justice of the Peace.
N orfolk,
Q u in c y , N ov. 15, 1890.
ss .
Personally appeared Richard D. Chase, Treasurer of said bank, and made oath that
the securities and cash specified in the foregoing report, by him subscribed, were held by
him at the date thereof.
Before me,
J o h n W . M cA n a r n l e y , Justice of the Peace.
N o r f o l k , ss .
Q u in c y , N ov . 15, 1890.
Personallyappeared Wm. L. Faxon, President, and W. W . Adams, W . W . Ewell,
George H. Field, F. E. Hall and John F. Merrill, directors of said bank, and made
oath that the above report is correct, according to their best knowledge and belief.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Before me,
J o h n W. M c A n a r n l e y , Justice of the Peace.
1891.J
147
PUBLIC DOCUMENT — No. 8.
R A N D O LP H
CO -O P ER ATIV E
B A N K - R A N D O LP H .
Incorporated Jan. 29, 1889. Commenced business Feb. 7, 1889.
Capital to be accumulated, $1,000,000.
John B. T h a y e r , President.
P atrick H. M c La u g h l in , Secretary.
P a tr ic k H. M cL a u g h l in , Treasurer.
Names of security committee :
C h as . A. W a le s ,
H en ry D odge ,
T homas F a r r e l l .
Regular meetings tbe first Thursday of each month.
B a l a n c e S h e e t , O c t o b e r 31, 1890.
A ssets.
Loans on real estate, .
Loans on shares, .
Permanent expense account,
Temporary expense account,
Cash in hands of treasurer,.
L ia b il it ie s .
$16,600
235
195
45
1,369
00
00
00
12
14
$18,444 26
Dues capital, . . .
.
Profits capital (all series),
Interest,..................................
Premiums,
. . .
.
Fines, .
.
.
.
.
Transfer fees,
Surplus,..................................
Guaranty fund,
Withdrawal profits,
$17,623 00
611 02
168 11
17 85
4 94
50
1 24
9 85
7 75
$18,444 26
How are shares issued, — quarterly, semi-annually or annually ? Semi
annually.
Number o f shares issued during the year, .
.
.
.
.
.
210
Number o f shares now in f o r c e , ............................................................ 1,032
Number o f shares now borrowed u p o n , ........................................ 114
Largest number of shares held by any one member, .
.
.
. 21
Number of shares withdrawn during the year, .
.
.
.
.
197
Amount o f dues received during the y e a r , ................................................... $12,174 00
Highest premium received during the year, ^
...........................................
25
Lowest premium received during the y e a r , ...................................................
05
Number of members withdrawn during the year,
. .
.
.4 0
Present number of members,..................................................................240
Present number of b o r r o w e r s , .......................................................... 20
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
148
BANK COMMISSIONERS’ REPORT.
[Jan.
/
Present number o f n o n - b o r r o w e r s , ................................................... 220
Number o f loans secured by first mortgage of real estate, . . .
20
Amount of loans secured by first mortgage of real estate..............................$16,600 00
Number and amount of loans on s h a r e s , ...........................................
3
235
Largest loan to any one m em ber,....................................................................
3,000
Smallest loan to any one member,.
..................................
35
Amount o f expenses of the corporation for the year ending Oct. 31, 1890, .
190
Amount o f profits credited to shares during the y e a r,..................................
603
Amount o f cash received during the year, .
...........................................
13,022
Amount o f cash paid during the y e a r , ............................................................12,951 56
Date o f examination by commissioner: October 31.
00
00
00
09
74
73
Feb., 1889,
Aug., 1889,
Feb., 1890,
Aug., 1890,
.
.
.
.
640
209
122
61
Dues paid in advance,
.
$21
15
9
3
.
82
36
09
00
Total
Value.
1
2
3
4
Value per
Share.
No. of
Shares.
D ate
I ssue.
of
Series.
Reconciliation o f Share Account with Dues and Profits Capital.
$13,964
3,210
1,108
183
80
24
98
00
$17,623 00
Total..............................
$18,641 02
611 02
407 00
174 00
$18,641 02
Total, .
Dues capital, as per ledger,
Profits capital (all series),
as per ledger, .
Unpaid dues,
.
.
C ommonw ealth of M assachusetts .
N orfolk , ss .
N ov. 7, 1890.
Personally appeared Patrick H. McLaughlin, Secretary of said bank, and made oath
that the foregoing report, by him subscribed, is true.
Before me,
A sa P. F ren ch , Justice of the Peace.
N o r f o l k , ss .
N ov . 7, 1890.
Personally appeared Patrick H. McLaughlin, Treasurer of said bank, and made oath
that the securities and cash specified in the foregoing report, by him subscribed, were
held by him at the date thereof.
Before me,
A sa P. F ren ch , Justice of the Peace.
N o r f o l k , ss .
N ov . 7, 1890.
Personally appeared John B. Thayer, President, and Thomas Farrell, James Fardy,
Franklin W . Hayden, H. W . Boyd and H. H. Guinan, directors of said bank, and
made oath that the above report is correct, according to their best knowledge and belief.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Before me,
A sa P. F re n c h , Justice of the Peace.
1891.]
149
PUBLIC DOCUMENT — No. 8.
R E A D IN G C O -O P E R A TIV E B A N K — R E A D IN G .
Incorporated Nov. 27,1886. Commenced business Dec. 6 , 1886.
Capital to be accumulated, $1,000,000.
W en dell B ancroft , President.
H a r r y P. B osson, Secretary.
A. N e w e l l H ow es , Treasurer.
Names of security committee:
L e w is M. B ancroft ,
M oses E. N ichols ,
W endell B ancroft .
Regular meetings the first Monday of each month.
B a l a n c e S h e e t , O c t o b e r 31, 1890.
L ia b il it ie s .
A ssets.
Loans on real estate, .
Loans on shares, .
Permanent expense account,
Temporary expense account,
Real estate by foreclosure, .
Salaries,
. . . .
Cash in hands of treasurer,.
Cash in hands of secretary,.
$54,740
4,380
126
23
2,043
145
5,191
102
00
00
90
44
40
00
26
46
Dues capital, . . .
.
Profits capital (all series), .
Interest,..................................
Premiums................................
F i n e s , ..................................
Transfer f ees, . . . .
Surplus....................................
Guaranty fund,
Withdrawal profits,
Forfeiture profits, .
$66,752 46
How are shares issued, — quarterly, semi-annually or annually ? Semiannually.
. 611
Number of shares issued during the y e a r , ..................................
2,178
Number o f shares now in f o r c e , ...................................................
. 435
Number o f shares now borrowed u p o n , ..................................
. 25
Largest number of shares held by any one member, .
. 393
Number o f shares withdrawn during the year................................
. 16
Number o f shares forfeited during the year,
.
.
.
.
.
Amount o f dues received during the y e a r , ..................................
Highest premium received during the year.....................................
Lowest premium received during the y e a r , ..................................
. 63
Number o f members withdrawn during the year,
. 379
Present number o f m e m b e r s , .................................. .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$60,552
4,683
1,276
115
00
11
83
23
33
68
2 00
328 00
145 79
80 17
1 00
$66,752 46
$24,197 00
25
05
[Jan.
BANK COMMISSIONERS’ REPORT.
150
Present number o f b o r r o w e r s , ............................................................67
Present number o f non-borrowers............................................................ 312
Number o f loans secured by first mortgage of real estate, . . .
49
Amount o f loans secured by first mortgage of real estate, .
.
.
.
Number and amount of loans on s h a r e s , ........................................... 18
Largest loan to any one m em b er,....................................................................
...................................................
Smallest loan to any one member,.
Amount o f expenses of the corporation for the year ending Oct. 31, 1890, .
Amount o f profits credited to shares during the y e a r ,..................................
Amount of cash received during the y e a r , ..................................
35,392
Amount o f cash paid during the y e a r ,...........................................
32,700
Date o f examination by commissioner : January 23.
$54,74000
4,38000
3,000 00
10 00
481 60
2,963 37
61
30
•
Dee., 1886,
June, 1887,
Dee., 1887,
June, 1888,
Dee., 1888,
June, 1889,
Dee., 1889,
June, 1890,
1
2
3
4
5
6
7
8
Dues paid in advance,
609
132
189
201
172
362
234
279
.
$52
44
37
30
23
17
04
69
54
61
90
40
11 10
5 00
Total
Value.
Value per
Share.
No. of
Shares.
D ate
I ssue.
oe
Series.
Reconciliation o f Share Account with Dues and Profits Capital.
$31,692
5,899
7,095
6,152
4,110
6,298
2,597
1,395
36
08
06
61
80
80
40
00
$65,338 11
Co m m o n w e a lth
M i d d l e s e x , ss .
$60,052. 00
4,683 11
603 00
97 00
.
Total, .
Dues capital, as per ledger,
Profits capital (all series),
as per ledger, .
Unpaid dues,
oe
Total,
.
.
.
.
$65,338 11
M assach u setts.
N ov . 3, 1890.
Personally appeared Harry P. Bosson, Secretary of said bank, and made oath that
the foregoing report, by him subscribed, is true.
Before me,
M id d l e s e x , ss.
A r t h u r P. F r e n c h , Justice of the Peace.
N ov . 3 ,1 8 90 .
Personally appeared A. Newell HoWes, Treasurer of said bank, and made oath that
the securities and cash specified in the foregoing report, by him subscribed, were held
by him at the date thereof.
Before me,
A r t h u r P. F r e n c h , Justice of the Peace.
M id d l e s e x , ss.
N ov. 3, 1890.
Personally appeared Wendell] Bancroft, President, and James McKay, Frank M.
Smith, J. H. Carleton, Galen A. Parker, Lewis M. Bancroft and Moses E. Nichols,
directors of said bank, and made oath that the above report is correct, according to
their best knowledge and belief.
A r th u r P. F rench , Justice of the Peace.
Before me,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
1891.]
PUBLIC DOCUMENT — No. 8.
151
R E L IA N C E CO -O P E R A TIV E B A N K — CAM BR ID G E.
Incorporated July 16, 1889. Commenced business July 10, 1889.
Capital to be accumulated, $1,000,000.
E dw . W . H in c k s , President,
A
A m a s a S. K. C l a r k , Secretary.
m asa
S. K. C l a r k , Treasurer.
Names of security committee:
•
G eorge H . St ea rn s,
M ic h a e l C o r c o r a n ,
M a r s h a l l N. S t e a r n s ,
H erm an B ir d ,
A l b e r t W . C u r t is .
Regular meetings the second Wednesday of each month.
B a l a n c e Sh e e t , O c t o b e r
A ssets.
Loans on real estate, .
Loans on shares, .
Permanent expense account,
Temporary expense account,
Cash in hands o f secretary, .
31, 1890.
L ia b il it ie s .
$13,300
600
266
67
6,074
00
00
30
70
88
Dues capital,
Profits capital (all series), .
Interest,..................................
Premiums,
. . . .
P 'i n e s , ..................................
Transfer fees,
Guaranty fund,
Forfeited share account,
Withdrawal profits,
Security committee account,.
$20,308 88
How are shares issued, — quarterly, semi-annually or annually ?
annually.
Number of shares issued during the y e a r , ..................................
Number o f shares now in f o r c e , .................................. ........
.
Nuipber o f shares now borrowed upon.............................................
Largest number o f shares held by any one member, .
.
. . .
Number o f shares withdrawn during the year,
Number o f shares forfeited during the year....................................
Amount of dues received during the y e a r , ..................................
Highest premium received during the y e a r , ..................................
Lowest premium received during the j m a r , ..................................
Number of members withdrawn during the year, .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$19,489
371
369
20
13
7
9
4
22
00
64
72
77
65
25
06
72
57
50
$20,308 88
Semi. 620
1,543
. 159
. 25
. 202
. 17
. .
32
$16,470 00
10
05
152
BANK COMMISSIONERS’ REPORT.
Present number of m em bers,.................................................................... 253
Present number of b o r r o w e r s , ............................................................20
Present number o f non-borrowers............................• .
.
.
. 233
Number of loans secured by first mortgage o f real estate, . . .
9
Amount of loans secured by first mortgage of real estate,.
.
.
.
Number and amount of loans on s h a r e s , ............................................
11
Largest loan to any one member........................................................................
Smallest loan to any one member, .....................................................................
Amount o f expenses of the corporation for the year ending Oct. 31, 1890, .
403
Amount of profits credited to shares during the y e a r , .................
20,869
Amount of cash received during the y e a r , ..................................
Amount o f cash paid during the year, .
.
..
.
.
.
.
.
Date of examination by commissioner : April 22.
[Jan.
$13,300 00
600 00
3,600 00
20 00
314 04
16
35
16,542 94
Value per
Share.
Total
Value.
July, 1889,
Jan., 1890,
July, 1890,
No. of
Shares.
D ate
I ssue.
•
of
Series.
Reconciliation o f Share Account with Dues and Profits Capital.
1
2
3
1,013
331
239
$16 35
10 09
4 00
$15,990 30
3,289 34
956 00
Dues paid in advance,
.
•
Dues capital, as per ledger,
Profits capital (all series),
as per ledger, .
Unpaid dues,
$19,489 00
371 64
389 00
14 00
$20,249 64
Total, .
•
Total,
.
.
.
.
$20,249 64
C o m m onw ealth o r M assach u setts.
M id d l e s e x ,
ss .
N ov . 18, 1890.
Personally appeared A. S .K . Clark, Secretary of said bank, and made oath that the
foregoing report, by him subscribed, is true.
Before me,
M id d l e s e x ,
ss .
C h a r l e s H. T h u r st o n , Justice o f the Peace.
N ov . 18, 1890.
Personally appeared A. S. K. Clark, Treasurer o f said bank, and made oath that the
securities and cash specified in the foregoing report, by him subscribed, were held by
him at the date thereof.
Before me,
M id d l e s e x ,
ss .
C h a r l e s H. T h u r s t o n , Justice of the Peace.
N o v . 18, 1890.
Personally appeared Edw. W. Hincks, President, and Chas. W . McRaith, Geo. H.
Stearns, Albert W. Curtis, Chas. TI. Cutler and Marshall N. Stearns, directors o f said
bank, and made oath that the above report is correct, according to their best knowledge
and belief.
C h a s . H. T h u r s t o n , Justice of the Peace.
Before me,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
1891 .]
153
PUBLIC DOCUMENT — No. 8.
EOXBURY
CO -O P ER ATIV E
B A N K — BOSTON.
Incorporated Oct. 3, 1889. Commenced business Nov. 15, 1889.
Capital to be accumulated, $1,000,000.
J a m e s F. B l is s , President.
T h e o . P f a n n e n s t ie h l , Secretary.
C h a s . L i f f l e ii , Treasurer.
Names of security committee:
Ch as. L if f l e e ,
G eoege W . B ee tt,
J o se p h B e y a n .
Regular meetings the first business day of each month.
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.
Loans on real estate, .
Permanent expense account,
Suspense account,
Cash in hands of treasurer, .
31, 1890.
$7,100
165
3
44
00
21
60
45
$7,313 26
Dues capital, . . . .
Profits capital (all series),
Surplus,..................................
Guaranty fund,
$7,084
190
33
5
00
35
91
00
$7,313 26
How are shares issued, — quarterly, semi-annually or annually ? Semi
annually.
Number of shares issued during the year,
.
.
.
.
.
.
814
Number o f shares now in f o r c e , ............................................................729
Number of shares now borrowed u pon,................................................... 39
Largest number o f shares held by any one member, .
.
.
.
25
Number o f shares withdrawn during the y e a r , .................................. 85
Amount o f dues received during the y e a r , ................................................... $7,624 00
Highest premium received during the y e a r , .................................. ........
.
05
05
Lowest premium received during the y e a r , ...................................................
Number of members withdrawn during the yea r,.................................. 11
Present number o f members.......................................................................96
Present number o f borrowers,
.
................................................... 4
Present number o f non-borrowers,........................................................... 92
Number o f loans secured by first mortgage of real estate, . . .
4
Amount of loans secured by first mortgage of real estate, . . .
.
7,100 00
Largest loan to any one member........................................................................
2,800 00
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
(
154
BANK COMMISSIONERS’ REPORT.
[Jan.
Smallest loan to any one member,.................................................................... $1,000 00
Amount of expenses of the corporation for the year ending Oct. 31, 1890, .
17 70
190 35
Amount of profits credited to shares during the y e a r ,.................................
Amount o f cash received during the y e a r , ...................................................
7,866 19
Amount of cash paid during the y e a r , ..................................................................... 7,821 74
Date of examination by commissioner : August 8.
Nov., 1889,
May, 1890,
.
1
2
462
267
$12 36
6 09
Dues paid in advance,
Total
Value.
Value per!
Share. !
D ate
I ssu e.
No. of
Shares.
o f
Series.
Reconciliation o f Share Account with Dues and Profits Capital.
$5,710 32
1,626 03
23 00
•
Total, .
$7,084 00
Total..............................
$7,359.35
$7,359 35
Co m m o n w e a lth
Suffolk,
Dues capital, as per ledger,
Profits capital (all series),
as per ledger, .
Unpaid dues,
of
190 35
85 00
M assach u setts.
Dec. 11, 1890.
ss .
Personally appeared Theo. Pfannenstiehl, Secretary o f said bank, and made oath that
the foregoing report, by him subscribed, is true.
Before me,
Su ffo lk ,
W
m.
H. H. A n d r e w s , Notary Public.
Dec. 11, 1890.
ss .
Personally appeared Chas. Liffler, Treasurer of said bank, and made oath that the
securities and cash specified in the foregoing report, by him subscribed, were held by
him at the date thereof.
Before me,
Su ffo lk ,
W m . H. H. A n d r e w s , Notary Public.
Dec. 11, 1890.
ss .
Personally appeared James F. Bliss, President, and Frank O. Lowe, Clarence E.
Tuttle, Wm. H. Brown, John E. Wiggin, Frank Tucker and Geo. W . Brett, directors of
said bank, and made oath that the above report is correct, according to their best knowl
edge and belief.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Before me,
W m . î ï . H. A n d r e w s , Notary Public.
1891.]
PUBLIC DOCUMENT — No. 8.
155
%
SALEM C O -O P E R A TIV E B A N K — SALEM .
♦
Incorporated April 7, 1888. Commenced business April 13, 1888.
Capital to be accumulated, $1,000,000.
J n o . M. R a y m o n d , President.
A l b e r t C. M a c k i n t i r e , Secretary.
A l b e r t C. M a c k i n t i r e , Treasurer.
Names of security committee:
Jno. M . R aym ond,
F rank A . N ew ell,
G e o . W. P i c k e r i n g .
Regular meetings the second Friday of each month.
B a l a n c e Sh e e t , O c t o b e k
31, 1890.
•
L ia b il it ie s .
A ssets.
Loans on real estate, .
Loans on shares, .
Permanent expense account,
Temporary expense account,
Accrued interest,.
Accrued premium,
Accrued fines,
Cash in hands o f treasurer,.
$61,125 00
675 00
179 00
54
42 19
5 30
10 44
3,094 86
Dues capital, . . . .
Profits capital (all series),
Interest,..................................
Premiums,
. '.
F i n e s , ..................................
Surplus,..................................
Guaranty fund,
Forfeited share account,
Withdrawal profits,
$65,132 33
How are shares issued, — quarterly, semi-annually or annually? Semi
annually.
*
Number o f shares issued during the y e a r , .................................
1,591
Number of shares now in force..................................................................3,990
Number o f shares now borrowed upon,...........................................*
380
Largest number o f shares held by any one member............................... 25
Number o f shares withdrawn during the y e a r , ......................................481
Number o f shares forfeited during the y e a r , .................................. 9
Amount of dues received during the y e a r , ...................................................
Highest premium received during the y e a r ,...................................................
Lowest premium received during the y e a r , ...................................................
Number o f members withdrawn during the year,
.
.
.
.
100
Present number of mem bers,....................................................................... 733
Present number o f b o r r o w e r s , .................................................................68
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$60,777
3,249
317
58
4
574
85
49
16
00
08
46
35
60
80
28
10
66
$65,132 33
$37,434 00
40
05
*
156
BANK COMMISSIONERS’ REPORT.
Present number of n o n - b o r r o w e r s , ...........................................
N umber o f loans secured by first mortgage of real estate, .
Amount o f loans secured by first mortgage of real estate, .
Number and amount of loans on shares,
.
.
.
.
.
Largest loan to any one m em ber,...................................................
Smallest loan to any one m e m b e r , ..........................................
Amount o f expenses o f the corporation for the year ending Oct. 31,
Amount of profits credited to shares during the year, .
Amount of cash received during the y e a r , ..................................
Amount of cash paid during the y e a r , ...........................................
Date of examination by commissioner : April 8.
[Jan.
. 665
. 71
.
. 11
1890, .
.
•
$61,125
675
3,500
30
254
2,556
43,554
40,535
00
00
00
00
68
98
88
94
Aprii, 1888,
Oct., 1888,
Aprii, 1889,
Oct., 1889,
Aprii, 1890,
Oct., *1890,
.
.
.
657
621
701
497
647
867
$33
26
19
13
7
1
32
47
82
36
09
00
Total
Value.
1
2
3
4
5
6
Value per
Share.
Ro. of
Shares.
D ate
I ssue.
of
Series.
Reconciliation o f Share Account with Dues and Profits Capital.
$21,891
16,437
13,893
6,639
4,587
867
$64,401 08
Co m m on w ealth
E ssex ,
ss .
Dues capital, as per ledger,
Profits capital (all series),
as per ledger, .
Unpaid dues,
$60,777 00
3,249 08
375 00
84 00
Dues paid in advance,
Total, .
24
87
82
92
23
00
of
Total,
.
.
.
.
$64,401 08
M assa ch u setts.
N ov . 21, 1890.
Personally appeared Albert C. Mackintire, Secretary o f said bank, and made oath that
the foregoing report, by him subscribed, is true.
Before me,
W m . D. C h a p p l e , Justice of the Peace.
E ssex,
ss .
N ov . 21,1890.
Personally appeared Albert C. Mackintire, Treasurer of said bank, and made oath that
the securities and cash specified ,fn the foregoing report, by him subscribed, were held
by him at the date thereof.
Before me,
W m . D. C h a p p l e , Justice of the Peace.
E ssex,
ss .
Nov. 21, 1890.
Personally appeared John M. Raymond, President, and Robin Damon, W . Harvey
Merrill, H. P. Hosley, Francis A. Newell and Reuben Arey, directors of said bank, and
made oath that the above report is correct, according to their best knowledge and belief.
Before me,
W m . D. C h a p p l e , Justice of the Peace.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
1891.]
157
PUBLIC DOCUMENT — No. 8.
S A N D W IC H
C O -O P ER ATIV E
B A N K - S A N D W IC H .
Incorporated Oct. 1, 1885. Commenced business Dec. 15, 1885.
Capital to be accumulated, $1,000,000.
J o h n E. P b a t t , President.
W . H . H e a l d , Secretary.
W . H . H e a l d , Treasurer.
Names of security committee :
H. H. H e a l d ,
W . E. B o t d e n ,
L. S. N y e .
Regular meetings the third Tuesday of each month.
B a l a n c e Sh e e t , O c t o b e r
A ssets.
Loans on real estate, .
Loans on shares, .
Permanent expense account,
Temporary expense account,
Suspense,
. . . .
Cash in hands o f treasurer,.
31, 1890.
L ia b il it ie s .
$6,050
600
315
5
8
1,021
00
00
93
00
61
78
Dues capital, . . . .
Profits capital (all series), .
Interest, • .
.
.
.
F i n e s , ..................................
Surplus,..................................
Guaranty fund,
Withdrawal profits,
$8,001 32
How are shares issued, — quarterly, semi-annually or annually ? Semi
annually.
Number of shares issued during the y e a r , ................................................69
Number o f shares now in f o r c e , ...............................................................222
Number o f shares now borrowed u p o n , ................................................41
Largest number of shares held by any one member, .
.
.
.1 5
Number of shares withdrawn during the y e a r , .................................. 43
Number o f shares forfeited during the y e a r , .................................. 3
Amount o f dues received daring the y e a r , ...................................................
Number of members withdrawn during the year,
.
.
.
.
8
Present number o f m e m b e r s , ............................................................70
Present number of borrowers...................................................
.
.2 2
Present number o f n o n - b o r r o w e r s ,................................................... 48
Number of loans secured by first mortgage of realestate, .
.1 4
Amount o f loans secured by first mortgage of realestate,. . .
.
Number and amount of loans on s h a r e s , ...........................................8
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$7,320
479
153
3
28
7
8
00
66
15
54
98
81
18
$8,001 32
$2,652 00
6,050 00
600 00
158
BANK COMMISSIONERS’ REPORT.
[Jan.
.
.
Largest loan to any one m em b er,...................................................
Smallest loan to any one m e m b e r , ............................................................
Amount of expenses of the corporation for the year ending Oct. 31, 1890, .
Amount of profits credited to shares during the y e a r ,..................................
Amount o f cash received during the y e a r , ...................................................
Amount o f cash paid during the y e a r ,............................................................
Date of examination by commissioner : October 21.
$900 00
50 00
78 58
267 64
3,007 55
2,240 20
Dee.,
June,
Dee.,
June,
Dee.,
June,
Dee.,
June,
Dee.,
June,
1
2
3
4
5
6
7
8
9
10
51
7
37
9
8
6
22
22
42
18
Dues paid in advance,
Total, .
$64
57
50
43
36
30
23
17
11
5
•
*
23
19
23
49
77
12
60
25
05
00
Total
Value.
No. of
Shares.
1885,
1886,
1886,
1887,
1887,
1888,
1888,
1889,
1889,
1890,
D ate
o f
Value per
Share.
I ssu e.
Series.
Reconciliation o f Share Account with Dues and Profits Capital.
$3,275
400
1,858
391
294
180
519
379
464
90
•
2 00
.
$7,855 66
Com m onw ealth
B arnstable,
ss .
73
33
51
41
16
72
20
50
10
00
of
Dues capital, as per ledger,
Profits capital (all series),
as per ledger, .
Unpaid dues,
.
Total,
.
.
.
.
$7,320 00
479 66
56 00
$7,855 66
M assa ch u setts.
N ov . 24,
1890.
Personally appeared W . H. Heald, Secretary of said bank, and made oath that the
foregoing report, by him subscribed, is true.
Before me,
G eo . N. C h i b m a n , Justice of the Peace.
B arnstable,
ss .
N ov . 24, 1890.
Personally appeared W. H. Heald, Treasurer of said bank, and made oath that the
securities and cash specified in the foregoing report, by him subscribed, were held by
him at the date thereof.
Before me,
G e o . N . C h i p m a n , Justice of the Peace.
B arnstable,
ss .
N o v . 24,
1890.
Personally appeared John E. Pratt, President, and E. B. Howland, L. S. Nye, W . L.
Nye, B. G. Bartley and F. H. Burgess, directors of said bank, and made oath that the
above report is correct, according to their best knowledge and belief.
Before me,
G e o . N. C h i p m a n , Justice of the Peace.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
1891.]
159
PUBLIC DOCUMENT — No.
S E C U R IT Y C O -O P ER ATIV E B A N K — BROCKTON.
Incorporated Dec. 17, 1877. Commenced business Dec. 13, 1877.
Capital to be accumulated, $1,000,000.
B. E . J o n e s , President.
E l l is C. F a l e s , Secretary.
F e e d B. H o w a r d , Treasurer.
Names of security committee:
L. P'. S e v e r a n c e ,
W . H. S a v a g e ,
T. E . G i f f o r d .
Regular meetings the third Thursday of each month.
B alan ce Sh e e t , O ctober
31, 1890.
A ssets.
L ia b il it ie s .
$199,655 00
Loans on real estate, .
12,165 00
Loans on shares,
500 00
Permanent expense account,
918 78
Temporary expense account,
148 19
Loss and gain,
Unpaid interest, .
1,080 15
132 81
Unpaid premiums,
128 93
Unpaid tines,
21,745 31
Cash in hands of treasurer,.
589 44
Cash in hands of secretary, .
$196,726 00
Dues capital, .
. . .
26,350 08
Profits capital (all series),
10,815 09
Interest,..................................
1,182 30
Premiums,
. . .
.
626 63
F i n e s , ..................................
3 75
Transfer fees, . . .
.
12 87
Surplus,..................................
592
38
Guaranty fund,
10 50
Forfeited share account,
744 01
Withdrawal profits,
$237,063 61
$237,063 61
How are shares issued, — quarterly, semi-annually or annually ? Annually.
Number o f shares issued during the year........................................ 1,835
Number o f shares now in f o r c e , ................................................... 5,530
Number o f shares now borrowed upon,...........................................1,388
Largest number o f shares held by any one member............................... 25
Number o f shares withdrawn during the y e a r , .................................. 923
Number of shares retired during the y e a r , ...........................................91
Number of shares matured during the y e a r , .................................. 18
Amount o f dues received during the y e a r , ................................................... $63,035 00
Highest premium received during the y e a r ,...................................................
15
Lowest premium received during the y e a r , ...................................................
10
Number of members withdrawn during the year, .
.
.
.
. 153
Present number of mem bers,....................................................................717
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
160
BANK COMMISSIONERS’ REPORT.
[Jan.
Present number of b o r r o w e r s , ............................................................178
Present number of non-borrowers,
................................................... 539
Number of loans secured by first mortgage of real estate, .
.
. 148
Amount of loans secured by first mortgage of real estate,.
.
.
.
$199,655 00
Number and amount of loans on s h a r e s , ............................................ 30
12,16500
Largest loan to any one member, .................................................................... ’
5,000 00
Smallest loan to any one m e m b e r , ...........................................
25
00
Amount of expenses of the corporation for the year ending Oct. 31, 1890, .
1,23895
Amount of profits credited to shares during the y e a r ,......................... 12,244
97
Amount o f cash received during the y e a r , ..................................
125,167
28
114,841
38
Amount of cash paid during the y e a r , ..........................................
Date of examination by commissioner : April 15.
1879,
1880,
1881,
1882,
1883,
1884,
1885,
1886,
1887,
1888,
1889,
3
4
'5
6
7
8
9
10
11
12
13
17 $185 19
161 16
119
162
139 00
138
118 69
233
99 89
198
82 43
257
66 15
476
50 93
859
36 71
1,388
23 42
11 00
1,683
Dues paid in advance,
Total
Value.
No. of
Shares.
Dec.,
Dec.,
Dec.,
Dec.,
Dec.,
Dec.,
Dec.,
Dec.,
Dec.,
Dec.,
Dec.,
Series.
D ate
I ssue .
of
Value per
Share.
Reconciliation o f Share Account with Dues and Profits Capital.
$3,148
19,178
22,518
16,379
23,274
16,321
17,000
24,242
31,533
32,506
18,513
$224,968 08
Co m m o n w ea lth
P lym o uth ,
Dues capital, as per ledger, $196,726 00
Profits capital (all series),
as per ledger, .
26,350 08
Unpaid dues,
1,892 00
352 00
-
Total, .
23
04
00
22
37
14
55
68
89
96
00
of
Total.............................. $224,968 08
M assa ch u setts.
B r o c k t o n , N o v . 21, 1890.
ss .
Personally appeared Ellis C. Fales, Secretary of said bank, and made oath that the
foregoing report, by him subscribed, is true.
Before me,
P lym outh ,
ss .
W
arren
A. R e e d , Justice of the Peace.
N ov . 22, 1890.
Personally appeared Fred B. Howard, Treasurer of said bank, and made oath that
the securities and cash specified in the foregoing report, by him subscribed, were held by
him at the date thereof.
Before me,
P lym outh,
F b e d M . B i x b y , Justice of the Peace.
Nov. 22, 1890.
ss .
Personally appeared B. E. Jones,President, and John W. Hall, B. B. Winslow,
T. E. Gifford, W . H.Savage andEmbert Howard,
directorsof said bank, and made
oath that the above report is correct, according to their best knowledge and belief.
Before me,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
%
F r e d M . B i x b y , Justice of the Peace.
1891.]
161
PUBLIC DOCUMENT — No. 8.
S O M E R V IL LE
C O -O P E R A TIV E
B A N K — SO M E R V IL LE .
Incorporated May 4, 1880. Commenced business June 7, 1880.
Capita] to be accumulated, $1,000,000.
C h a s . S. L in c o l n , President.
J a m e s F . B e a k d , Secretary.
J a m e s F . B e a e d , Treasurer.
Names of security committee:
S t il l m a n N. L i b b y ,
B. F b a n k T h o m p so n ,
G e . W . Snow
Regular meetings the first Monday of each month.
B a l a n c e S h e e t , O c t o b e r 31, 1890.
Assets.
L ia b il it ie s
Loans on real estate, .
$215,500 00
Loans on shares, .
10,250 00
Permanent expense account,
250 00
Temporary expense account,
69 50
Cash in hands o f treasurer, .
1,013 05
Dues capital,
$193,622 00
Profits capital (all series),
31,175 42
Interest....................................
1,309 80
Premiums,
. » .
80 72
F i n e s , ..................................
49 66
Surplus,..................................
155 57
Guaranty fund,
500 00
Forfeited share account,
120 16
Withdrawal profits,
69 22
$227,082 55
$227,082 55
How are shares issued, -quarterly, semi-annually or annually?
annually.
Number of shares issued during the year,
. . .
.
Number o f shares now in force.................................................
Number o f shares now borrowed upon, .
.
Largest number of shares held by any one member,
Number of shares withdrawn during the year,
Number of shares forfeited during the year, . . .
.
Amount of dues received during the year,
. . . .
Highest premium received during the year, . . . .
Lowest premium received during the year, .
.
.
.
Number o f members withdrawn during the year, .
Present number of m em bers,...................................................
Present number o f borrowers,...................................................
Present number o f non-borrowers,..........................................
Number of loans secured by first mortgage of real estate,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Semi2,783
7,032
1,438
. 25
1,788
. 19
$76,370 00
10
05
.
.
.
.
.
186
851
160
691
128
162
BANK COMMISSIONERS’ REPORT.
Amount of loans secured by first mortgage o f real estate,.
. . .
Number and amount of loans on shares,
........................................... 32
Largest loan to any one m em b er,....................................................................
Smallest loan to any one member,...................................................
Amount of expenses of the corporation for the year endingOct. 31,1890, .
Amount of profits credited to shares during the y e a r , .................
12,449
Amount of cash received during the y e a r , ..................................
140,742
Amount of cash paid during the year...............................................
143,090
Date of examination by commissioner: February 24.
[Jan.
$215,500 00
10,250 00
4,000 00
50 00
1,034 28
61
48
60
1880,
1880,
1881,
1881,
1882,
1882,
1883,
1883,
1884,
1884,
1885,
1885,
1886,
1886,
1887,
1887,
1888,
1888,
1889,
1889,
1890,
1890,
.
.
.
.
.
.
.
.
.
.
.
.
.
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
44
60
15
14
102
38
160
31
180
75
48
98
272
181
402
242
587
502
693
1,033
1,476
779
$174 27
1*63 54
156 51
146 09
135 86
125 87
116 14
106 60
97 38
88 51
79 92
71 59
63 53
55 67
48 05
40 69
33 55
26 61
19 89
13 39
7 10
1 00
Dues paid in advance,
Total, .
>
Total
Value.
Value per
Share.
June,
Dec.,
April,
Oct.,
April,
Oct.,
April,
Oct.,
April,
Oct.,
April,
Oct.,
April,
Oct.,
April,
O ct,
April,
Oct.,
April,
Oct.,
April,
Oct.,
No. of
Shares.
Date
I ssue.
of
Series.
Reconciliation o f Share Account with Dues and Profits Capital.
$7,667
9,812
2,347
2,045
13,857
4,783
18,582
3,304
17,528
6,638
3,836
7,015
17,280
10,076
19,316
9,846
19,693
13,358
13,783
13,831
10,479
779
88
40
65
26
72
06
40
60
40
25
16
82
16
27
10
98
85
22
77
87
60
00
Dues capital, as per ledger, $193,622 00
Profits capital (all series),
31,175 42
as per ledger, .
1,233 00
Unpaid dues,
165 00
$226,030 42
Total.............................. $226,030 42
C ommonwealth oe M assachusetts .
M id d l e se x , ss .
N ov. 11, 1890.
Personally appeared James F. Beard, Secretary of said bank, and made oath that
the foregoing report, by him subscribed, is true.
Before me,
H erb e r t A. C h a p in , Justice of the Peace.
M id d l e s e x , ss .
N ov. 11, 1890.
Personally appeared James F. Beard, Treasurer of said bank, and made oath that
the securities and cash specified in the foregoing report, by him subscribed, were held
by him at the date thereof.
Before me,
H erbert A. C h a p in , Justice of the Peace.
M id d l e se x , ss.
N ov. 11, 1890.
Personally appeared Chas. S. Lincoln, President, and J. Frank Wellington, B. F.
Thompson, Franklin J. Hamblin, Geo. W. Snow and Ezra D. Souther, directors of said
bank, and made oath that the above report is correct, according to their best knowledge
and belief.
H e rber t A. C h a p in , Justice of the Peace.
Before me,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
163
PUBLIC DOCUMENT — No. 8.
1891.]
SOUTH
F R A M IN G H A M
C O -O P E R A TIV E
BANK —
F R A M IN G H A M .
Incorporated April 16, 1889. Commenced business May 6, 1889.
Capital to be accumulated, $ 1,000,000.
C h as . J. M c P herson , President.
H a r r ie L. D avenport , Secretary.
H a r r ie L. D aven po rt . Treasurer.
Names of security committee :
R ussell M. F ren ch ,
E . G ou ldin g .
F r a n * II. F a l e s ,
Regular meetings the first Monday of each month.
B a l a n c e S h e e t , O c t o b e r 31, 1890.
L ia b il it ie s .
A ssets.
Loans on real estate, .
Loans on shares, .
Permanent expense account,
Suspense account,
Cash in hands of secretary, .
$26,225
850
146
86
1,246
00
00
61
35
11
$28,554 07
Dues capital, .
. . .
Profits capital (all series),
Interest,..................................
Premiums,
. . .
.
F i n e s , ..................................
Surplus,..................................
Guaranty fund,
Forfeited share account,
Withdrawal profits,
$27,124 00
1,138 82
12 26
2 19
3 10
105 48
62 67
104 15
1 40
$28,554 07
How are shares issued, — quarterly, semi-annually or annually? Semi
annually.
Number of shares issued during the y e a r , .................................. 1,031
Number of shares now in force, . . . . . . . .
1,957
Number o f shares now borrowed u p o n , ...........................................229
Largest number o f shares held by any one member, .
.
.
.
25
Number of shares withdrawn during the year........................................ 526
Number of shares forfeited during the yea r,...........................................60
Amount of dues received during the y e a r , ................................................... $22,531 00
Highest per centum of interest received during the year: 7|.
Lowest per* centum of interest received during the year: 6.
.164
Number o f members withdrawn during the year,
.
.
.
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Federal Reserve Bank of St. Louis
164
BANK COMMISSIONERS’ REPORT.
Present number of members,...........................................
Present number of borrowers,
Present number of non-borrowers,
.
.
.
.
Number of loans secured by first mortgage of real estate,
Amount of loans secured by first mortgage of real estate,
Number and amount of loans on shares,
Largest loan to any one member......................................
Smallest loan to any one member,
.
.
.
.
Amount of expenses of the corporation for the year ending Oct. 31,
Amount of profits credited to shares during the year, .
Amount of cash received during the year, .
Amount of cash paid during the year..............................
Date of examination by commissioner : March 17.
[Jan.
. 390
. 31
. 359
. 23
$26,225
850
2,000
50
74
1,103
23,881
24,197
1890,
00
00
00
00
99
89
48
43
Value per
Share.
Total
Value.
May, 1889,
Nov., 1889,
May, 1890,
No. of
Shares.
D ate
I ssue.
of
Series.
Reconciliation o f Share Account with Dues and Profits Capital.
1
2
3
1,099
372
486
$18 86
12 39
6 10
$20,727 14
4,609 08
2,964 60
Dues capital, as per ledger,
Profits capital (all series),
as per ledger, .
Unpaid dues,
$27,124 00
1,138 82
412 00
374 00
Dues paid in advance,
$28,674 82
Total, .
•
Total,
.
.
.
.
$28,674 82
Commonwealth of M assachusetts .
M id d l e se x , ss .
Dec. 1, 1890.
Personally appeared Harrie L. Davenport, Secretary of said bank, and made oath
that the foregoing report, by him subscribed, is true.
Before me,
M id d l e s e x ,
ss .
Jos. H. L a d d , Justice of the Peace.
Dec. 1, 1890.
Personally appeared Harrie L. Davenport, Treasurer of said bank, and made oath
that the securities and cash specified in the foregoing report, by him subscribed, were
held by him at the date thereof.
Before me,
Jos. H. L a d d , Justice of the Peace.
M id d l e se x , ss .
Dec. 1, 1890.
Personally appeared Chas. J. McPherson, President, and A. M. Eames, Joshua Smith,
Richard L. Everit, W. A. Kingsbury and E. Goulding, directors of said bank, and made
oath that the above report is correct, according to their best knowledge and belief.
Before me,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Jos. H. L a d d , Justice of the Peace.
1891.]
PUBLIC DOCUMENT — No. 8
SOUTH SHORE
C O -O P E R A T IV E
165
BANK — W EYM OUTH.
Incorporated April 18, 1890. Commenced business May 5, 1890.
Capital to be accumulated, $1,000,000.
W. S. R oberts , Secretary.
F rancis A m b l e r , President.
W . S. R oberts , Treasurer.
Names of security committee:
G eorge W . W h it e ,
Joel F. S h e ppa r d ,
D avid J. P ie r c e .
Regular meetings the first Monday of each month.
B a l a n c e S h e e t , O c t o b e r 31, 1890.
L ia b il it ie s .
A ssets.
Loans on real estate, .
Permanent expense account,
Temporary expense account,
Cash in hands of treasurer,.
$200
143
10
2,724
00
92
00
45
$3,078 37
Dues capital,
Interest, .
Premiums,
Fines,
Transfer fees,
$3,038
30
2
6
$3,078 37
How are shares issued, — quarterly, semi-annually or annually ? Semi
annually.
Number o f shares issued during the y e a r , ...........................................518
Number of shares now in f o r c e , ............................................................512
Number of shares now borrowed u p o n , ...........................................1
Largest number of shares held by any one member, .
.
.
.
25
Number of shares withdrawn during the y e a r , .................................. 6
Amount o f dues received during the y e a r , ................................................... $3,059 00
Highest premium received during the y e a r ,...................................................
Lowest premium received during the y e a r , ...................................................
Number of members withdrawn during the year,
.
. . .
2
Present number o f m e m b e r s , ............................................................... 109
Present number o f b o r r o w e r s , ...................................................................1
Present number of n o n - b o r r o w e r s ,.......................................................108
Number of loans secured by first mortgage of real estate,
1
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
00
62
52
98
25
166
BANK COMMISSIONERS’ REPORT.
Amount o f loans secured by first mortgage of real estate, .
.
.
.
Largest loan to any one m em ber,....................................................................
Smallest loan to any one m e m b e r , ............................................................
Amount of expenses of the corporation for the year ending Oct. 31, 1890, .
Amount of cash received during the year.........................................................
Amount o f cash paid during the year, .
*...................................................
Date o f examination by commissioner : August 14.
[Jan.
$200 00
200 00
200 00
10 00
3,099 37
374 92
Total
Value.
May, 1890,
Value pei
Share.
I ssu e.
No. of
Shares.
D ate
o f
Series.
Reconciliation o f Share Account with Dues and Profits Capital.
1
512
$6 00
$3,072 00
Dues paid in advance,
Dues capital, as per ledger.
Unpaid dues,
$3,038 00
72 00
38 00
Total, .
$3,110 00
Total,
.
.
.
.
$3,110 00
Commonwealth of M assachusetts .
N orfolk , ss .
N ov . 19, 1890.
Personally appeared W. L. Roberts, Secretary of said bank, and made oath that the
foregoing report, by him subscribed, is true.
Before me,
N orfolk , ss .
J ohn J. L oud , Justice of the Peace.
N ov. 19, 1890.
Personally appeared W. L. Roberts, Treasurer of said bank, and made oath that
the securities and cash specified in the foregoing report, by him subscribed, were held
by him at the date thereof.
Before me,
N orfolk,
ss .
J ohn J. L oud , Justice of the Peace.
N ov. 19, 1890.
Personally appeared Francis Ambler, President, and Geo. W. White, Joel F. Shep
pard, David J. Pierce, James H. Flint and C. F. Vaughan, directors of said bank, and
made oath that the above report is correct, according to their best knowledge and
belief.
Before me,
J ohn J. L oud , Justice of the Peace.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
1891.]
167
PUBLIC DOCUMENT — No. 8.
SOUTH W E Y M O U T H
C O -O P E R A T IV E
B A N K — SOUTH
W EYMOUTH.
Incorporated Feb. 28, 1889. Commenced business March 9, 1889.
Capital to be accumulated, $1,000,000.
A. F. B ullock , President.
F. W. H ow e , Secretary.
E llis J. P it c h e r , Treasurer.
Names of security committee:
Louis A . C ook,
L ysan de r H e a l d ,
C h as . H. C la p p ,
F rancis F. B ullock ,
A lvin H ollis .
Regular meetings the second Saturday of each month.
B a l a n c e S h e e t , O c t o b e r 31, 1890.
A ssets'
Loans on real estate, .
Loans on shares,
Permanent expense account,
Temporary expense account,
Cash in hands of treasurer, .
L ia b il it ie s .
$10,200
650
100
12
23
00
00
00
87
01
$10,985 88
Dues capital, . . . .
Profits capital (all series), .
Interest,..................................
Premiums,
. . . .
F i n e s , ..................................
Transfer fees,
Guaranty fund,
.Withdrawal profits,
$10,582
291
100
3
00
67
75
00
67
75
4 67
2 37
$10,985 88
How are shares issued, — quarterly, semi-annually or annually ? Semi
annually.
Number o f shares issued during the y e a r , ...........................................352
Number o f shares now in f o r c e , ........................................................... 791
Number of shares now borrowed u p o n , ...........................................107
Largest number of shares held by any one member, .
.
.2 5
Number of shares withdrawn during the y e a r , .................................. 77
Amount of dues received during the y e a r , ................................................... $7,924 00
Highest premium received during the y e a r ,...................................................
45
Lowest premium received during the y e a r , ...................................................
05
Number of members withdrawn during the year,
.
.
.
.
19
Present number of m e m b e r s , ......................................... • •
. 166
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
168
BANK COMMISSIONERS’ REPORT.
[Jan.
Present number o f b o r r o w e r s , ............................................................22
Present number of n o n - b o r r o w e r s ,................................................... 144
Number o f loans secured by first mortgage of real estate, . . .
17
Amount of loans secured by first mortgage of real estate.............................. $10,200 00
Number and amount of loans on s h a r e s , ...........................................
5
650
Largest loan to any one m em b er,....................................................................
1,700
50
Smallest loan to any one m e m b e r , ...........................................................
Amount o f expenses of the corporation for the year ending Oct. 31, 1890, .
93
Amount o f profits credited to shares during the y e a r ,..................................
305
8,647
Amount o f cash received during the year........................................................
Amount of cash paid during the y e a r ,...................................................
.
9,235
Date of examination b.y commissioner : April 4.
00
00
00
68
59
54
65
March,
Sept.,
March,
Sept.,
1889,
1889,
1890,
1890,
.
.
.
.
1
2
3
4
373
102
174
142
$20
14
8
2
67
29
07
00
Total
Value.
s
<D
m
Value per
Share.
D ate
I ssue.
of
No. of
Shares.
Reconciliation o f Share Account with Dues and Profits Capital.
$7,709
1,457
1,404
284
91
58
18
00
Dues capital, as per ledger,
Profits capital (all series),
as per ledger, .
Unpaid dues,
$10,582 00
Total..............................
$10,967 67
291 67
94 00
112 00
Dues paid in advance,
$10,967 67
Total, .
C ommonwealth oe M assachusetts .
N o r f o l k , ss .
N ov . 21, 1890.
Personally appeared F. W . Howe, Secretary of said bank, and made oath that the
foregoing report, by him subscribed, is true.
Before me,
J ohn H. Stetson , Justice of the Peace.
N orfolk , ss .
N ov . 21, 1890.
Personally appeared Ellis J. Pitcher, Treasurer of said bank, and made oath that
the securities and cash specified in the foregoing report, by him subscribed, were held
by him at the date thereof.
Before me,
N orfolk , ss.
J ohn H. S tetson , Justice of the Peace.
N ov . 21, 1890.
Personally appeared A. Fenton Bullock, President, and Edgar R. Downs, Chas. T.
Foster, James F. Frawley, Herbert W . Sears and Chas. H. Clapp, directors of said
bank, and made oath that the above report is correct, according to their best knowledge
and belief.
J ohn H. S tetson , Justice of the Peace.
Before me,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
1891.]
PUBLIC DOCUMEN
SPENCER
C O O P E R A T IV E
No. 8.
109
B A N K — SPENCER.
Incorporated June 8, 1889. Commenced business May 25, 1889.
Capital to be accumulated, $1,000,000.
C. T. L in l e y , Secretary.
L u th er H il l , President.
C. T. L in l e y , Treasurer.
Names of security committee :
A. H. S innott ,
W . J. L ive r m o r e ,
E merson S tone .
Regular meetings the first Saturday of each month.
B a l a n c e S h e e t , O c t o b e r 31, 1890.
A ssets.
Loans on real estate, .
Loans on shares, .
Permanent expense account,
Temporary expense account,
Suspense account,
Cash in hands of treasurer,.
L ia b il it ie s .
$12,389
175
20
140
13
3,136
23
00
00
76
88
22
$15,875 09
Dues capital, . . . .
Profits capital (all series),
Interest....................................
F i n e s , ..................................
Surplus,..................................
Guaranty fund,
Forfeited share account,
Withdrawal profits,
Forfeiture profits, .
$15,272
328
219
7
2
3
25
11
4
00
77
63
04
48
43
80
74
20
$15,875 09
Ilow are shares issued, — quarterly, semi-annually or annually ? Semi
annually.
Number o f shares issued during the y e a r , ...........................................191
Number o f shares now in f o r c e , ............................................................ 1,058
Number of shares now borrowed u p o n , ................................................95
Largest number o f shares held by any one member, .
.
.
.
25
Number o f shares withdrawn during the year....................................... 115
Number o f shares forfeited during the y e a r , .................................. 10
Amount o f dues received during the y e a r , ................................................... $12,310 00
Highest per centum of interest received during the year: 6.
Lowest per centum o f interest received during the year: 6.
N umber o f members withdrawn during the year,
.
.
.
.
22
Present number o f m e m b e r s , ............................................................165
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
170
BANK COMMISSIONERS’ REPORT.
Present number o f b o r r o w e r s , ............................................................13
Present number of non-borrowers............................................................ 152
Number o f loans secured by first mortgage of real estate, . . .
10
Amount o f loans secured by first mortgage of real estate, .
.
.
.
Number and amount of loans on shares,
.
.
.
.
.
.
3
Largest loan to any one m em b er,....................................................................
Smallest loan to any one member,...................................................................
Amount of expenses of the corporation for the year ending Oct. 31, 1890, .
Amount of profits credited to shares during the y e a r ,..................................
Amount of cash received during the y e a r , ...................................................
Amount o f cash paid during the year, .
.
.
.
.
.
.
.
Date o f examination by commissioner : April 5.
[Jan.
$12,389 23
175 00
2,000 00
50 00
197 53
342 90
13,565 71
11,861 92
Value per
Share.
Total
Value.
July, 1889,
Jan., 1890,
July, 1890,
No. of
Shares.
D ate
I ssue.
of
Series.
Reconciliation/ o f Share Account with Dues and Profits Capital.
1
2
3
882
125
51
$16 36
10 09
4 00
$14,429 52
1,261 25
204 00
Total, .
$15,894 77
Dues capital, as per ledger,
Profits capital (all series;,
as per ledger, .
Unpaid dues,
Total,
.
.
.
.
$15,272 00
328 77
294 00
$15,894 77
C ommonwealth of M assachusetts .
W orcester , ss .
N ov. 19, 1890.
Personally appeared C. T. Linley, Secretary of said bank, and made oath that the
foregoing report, by him subscribed, is true.
Before me,
W orcester , ss .
J e r r y R . K ane , Justice of the Peace.
N ov . 19, 1890.
Personally appeared C. T. Linley, Treasurer of said bank, and made oath that the
securities and cash specified in the foregoing report, by him subscribed, were held by
him at the date thereof.
Before me,
W orcester , ss.
J e r r y R. K an e , Justice of the Peace.
N ov. 19, 1890.
Personally appeared Luther Hill, President, and W. A. Barr, Emerson Stone, John
O’Gara, E. P. Cutler, Louis Frigon and Andrew H. Sinnott, directors of said bank, and
made oath that the above report is correct, according to their best knowledge and belief.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Before me,
J e r r y R. K a n e , Justice of the Peace.
1891.]
PUBLIC DOCUMENT — No.
S P R IN G F IE L D
171
C O -O P E R A T IV E B A N K — S P R IN G F IE L D .
Incorporated April 13, 1882. Commenced business May 9, 1882.
Capital to be accumulated, $1,000,000.
O scar S. G ree n le a f , President.
F rancke W . D ickinson , Secretary.
C h as . H. C h u r c h il l , Treasurer.
Names of security committee:
Ch as . L. S h a w ,
C h as . H. C h u r c h il l ,
F r e d e r ic k A. Ju d d .
Regular meetings the second Tuesday of each month.
B a l a n c e S h e e t , O c t o b e r 31, 1890.
A ssets.
L ia b il it ie s .
Loans on real estate, .
$125,320 00
Loans on shares, .
12,510 00
Permanent expense account,
103 91
Suspense account,
275 24
Cash in hands of treasurer,.
818 09
Cash in hands o f secretary, .
10 00
$139,037 24
4
Dues capita], .
. . .
Profits capital (all series),
Surplus,..................................
Guaranty fund,
$118,054
19,325
767
889
00
87
58
79
$139,037 24
How are shares issued, — quarterly, semi-annually or annually ? For the
past year, quarterly; previously, semi-annually.
Number o f shares issued during the y e a r , .................................. 2,137
Number o f shares now in f o r c e , ............................................................ 3,945
Number o f shares now borrowed u p o n , ..................................
982
Largest number o f shares held by any one member, .
.
.
.
25
Number o f shares withdrawn during the y e a r , ................................ 685
Amount o f dues received during the y e a r , ................................................... $40,507 00
Highest premium received during the year, .
.
.
.
.
.
.
25
Lowest premium received during the y e a r , ...................................................
0^
Number of members withdrawn during the year,
.
.
.
.
98
Present number o f m e m b e r s , ..........................................................538
Present number of b o r r o w e r s , ..........................................................100
Present number o f n o n - b o r r o w e r s ,................................................. 438
Number o f loans secured by first mortgage of real estate, . . .
71
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
[Jan.
BANK COMMISSIONERS’ REPORT.
172
Amount o f loans secured by first mortgage of real estate, .
Number and amount of loans on s h a r e s , ...........................................38
Largest loan to any one m em b er,....................................................................
Smallest loan to any one m e m b e r , ............................................................
Amount o f expenses of the corporation for the year ending Oct. 31, 1890,.
Amount of profits credited to shares during the y e a r,..................................
Amount of cash received during the y e a r , ...................................................
Amount of cash paid during the y e a r ,............................................................
Date of examination by commissioner : February 24.
$125,320
12,510
5,000
50
629
7,829
75,664
76,427
00
00
00
00
99
45
09
07
May, 1882,
Nov., 1882,
May, 1883,
Nov., 1883,
May, 1884,
Nov., 1884,
May, 1885,
Nov., 1885,
May, 1886,
Nov., 1886,
May, 1887,
Nov., 1887,
May, 1888,
Nov., 1888,
May, 1889,
Nov., 1889,
Feb., 1890,
May, 1890,
Aug., 1890,
1
221
2
3
4
5
6
7
8
9
44
71
66
103
58
152
72
112
10
102
11
12
13
14
15
16
17
18
19
159
207
179
213
215
454
471
468
578
>
16
89
75
84
17
60
41
41
65
05
68
48
46
60
93
46
28
15
04
$28,765
5,319
7,934
6,787
9,699
4,964
11,766
4,997
6,904
5,513
7,422
8,172
5,810
5,452
4,069
5,656
4,370
2,878
1,757
36
16
25
44
51
Dues capital, as per ledger, $118,054 00
Profits capital (all series),
19,325 87
as per ledger, .
995 00
Unpaid dues,
80
32
52
80
10
12
36
34
80
95
84
88
20
12
132 00
Dues paid in advance,
Total, .
$130
120
111
102
94
85
77
69
61
54
46
39
32
25
18
12
9
6
3
Total
Value.
D ate
I ssu e.
Value per!
Share.
Series.
o f
No. of
Shares.
;
Reconciliation o f Share Account with Dues and Profits Capital.
$138,374 87
•
Total.............................. $138,374 87
C ommonwealth of M assachusetts .
H a m p d e n , ss.
N ov . 25, 1890.
Personally appeared Francke W. Dickinson, Secretary of said bank, and made oath
that the foregoing report, by him subscribed, is true.
Before me,
H a m p d e n , ss .
F. A. J udd , Justice of the Peace.
N ov. 25, 1890.
Personally appeared Chas. H. Churchill, Treasurer of said bank, and made oath that
the securities and cash specified in the foregoing report, by him subscribed, were held
by him at the date thereof.
Before me,
F. A. J udd , Justice of the Peace.
H a m p d e n , ss .
N ov . 25, 1890.
Personally appeared Oscar S. Greenleaf, President, and C. L. Shaw, H. J. Margerum,
Emile Pauli, Ira B. Allen and W. D. Bigelow, directors of said bank, and made oath
that the above report is correct, according to their best knowledge and belief.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Before me,
F. A. J udd , Justice of the Peace.
1891.J
173
PUBLIC DOCUMENT — No 8.
S T O IE H A M
C O -O P E R A TIV E
B A N K — STO N EH A M .
Incorporated Jan. 10, 1887. Commenced business Feb. 1, 1887.
Capital to be accumulated, $1,000,000.
J. B. S anborn , President.
J. W . M ac D onald , Secretary.
J. W . M ac D onald , Treasurer.
Names of security committee :
A mos H il l ,
A . H. Co w d r e y ,
O. H. M arston .
Regular meetings the first Tuesday of each month.
B alance Sheet , October 31, 1890.
L ia b il it ie s .
A ssets.
Loans on real estate, .
Loans on shares, .
Cash in hands o f treasurer,.
$45,950 00
900 00
1,673 92
$48,523 92
Dues capital, . . .
.
Profits capital (all series),
Surplus,..................................
Guaranty fund,
Forfeited share account,
Profit and loss account,
$43,925
4,299
9
263
26
00
18
19
63
68
24
$48,523 92
How are shares issued, — quarterly, semi-annually or annually ? Semi
annually.
Number of shares issued during the y e a r , ..............................................508
Number of shares now in f o r c e , ............................................................ 1,628
N umber of shares now borrowed u p o n , .............................................. 318
Largest number o f shares held by any one member, .
.
.
.2 5
Number o f shares withdrawn during the y e a r , ......................................270
Number of shares forfeited during the y e a r , .................................. 10
Number of shares retired during the y e a r , ...........................................5
Amount o f dues received during the y e a r , ................................................... $19,742 00
Highest premium received during the y e a r ,...................................................
35
Lowest premium received during the y e a r , ...................................................
05
Number o f members withdrawn during the year,
.
.
.
.
62
Present number o f members,..................................................
322
Present number o f b o r r o w e r s , .................................................................47
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
174
BANK COMMISSIONERS’ REPORT.
[Jan.
Present number of n o n - b o r r o w e r s ,................................................... 275
Number o f loans secured by first mortgage of real estate, .
.
.4 7
Amount of loans secured by first mortgage of real estate, .
.
.
.
$45,950 00
Number and amount of loans on s h a r e s , ...........................................
5
900 00
Largest loan to any one member.............................................. ........
3,000 00
Smallest loan to any one member,....................................................................
50 00
Amount of expenses of the corporation for the year ending Oct. 31, 1890, .
237 06
Amount of profits credited to shares during the y e a r ,.................................. 2,621 63
Amount o f cash received during the y e a r , ..................................
28,603
17
Amount o f cash paid during the y e a r ,...........................................
32,173
84
Date of examination by commissioner : September 2.
Feb.,
Aug.,
Feb.,
Aug.,
Feb.,
May,
Nov.,
May,
1887,
1887,
1888,
1888,
1889,
1889,
1889,
1890,
.
.
1
2
3
4
5
6
7
8
478
73
230
93
159
127
206
262
$50
43
36
29
22
18
12
6
56
21
04
06
27
94
44
12
Total
Value.
Value per
Share.
D ate
Issue.
No. of
Shares.
of
Series.
Reconciliation o f Share Account with Dues and Profits Capital.
$24,167
3,154
8,289
2,702
3,540
2,405
2,562
1,603
68
33
20
58
93
38
64
44
Dues capital, as per ledger,
Profits capital (all series),
as per ledger, .
Unpaid dues,
$43,925 00
4,299 18
222 00
20 00
Dues paid in advance,
$48,446 18
Total, .
Total,
.
.
.
.
$48,446 18
Commonwealth of M assachusetts .
M id d l e s e x , ss .
*
Nov. 18, 1890.
Personally appeared J. W . MacDonald, Secretary of said bank, and made oath that
the foregoing report, by him subscribed, is true.
Before me,
M id d l e se x , ss.
L ym an D ik e , Justice of the Peace.
Nor. 18, 1890.
Personally appeared J. W. MacDonald, Treasurer of said bank, and made oath that
the securities and cash specified in the foregoing report, by him subscribed, were held
by him at the date thereof.
Before me,
L ym an D ik e , Justice of the Peace.
M id d l e s e x , ss .
N ov. 18, 1890.
Personally appeared J. B. Sanborn, President, and Luther White, Chas. L. Gill, O. H.
Marston, Sidney A. Hill and A. H. Cowdrey, directors of said bank, and made oath that
the above report is correct, according to their best knowledge and belief.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Before me,
L ym an D ik e , Justice of the Peace.
1891.]
PUBLIC DOCUMENT — No. 8.
STO U G H TO N
CO -O P ER ATIV E
175
B A N K — STO UGH TON.
Incorporated March 23, 1886. Commenced business April 10,1886.
Capital to be accumulated, $1,000,000.
H e n r i L. J ohnson , President.
H enry W. B ritton , Secretary.
H enry W. B ritton , Treasurer.
Names of security committee:
R ich ard B. W a r d ,
G eo . F. W a l k e r ,
C h ristoph er F a r r e l l .
Regular meetings the second Saturday of each month.
B alance Sheet , October 31, 1890.
A ssets.
Loans on real estate, .
Loans on shares, .
Permanent expense account,
Temporary expense account,
Fine account,
Cash in hands of treasurer,.
L ia b il it ie s .
$65,350
1,490
160
6
00
00
00
00
11
645 61
$67,651 72
Dues capital, .
Profits capital (all series),
Interest,..................................
Premiums,
. . .
.
Transfer fees, .
. . .
Surplus,..................................
Guaranty fund,
Forfeited share account,
Withdrawal profits,
$60,982 00
5,622 69
563 29
57 95
1 50
175 03
227 19
11 38
10 69
$67,651 72
How are shares issued, — quarterly, semi-annually or annually? Semi
annually.
N umber o f shares issued during the year, .
.
.
.
.
.
902
Number of shares now in f o r c e , ................................................... 2,717
Number of shares now borrowed upon,................................................... 336
Largest number o f shares held by any one member, .
.
.
.
25
Number o f shares withdrawn during the year,
. . . . . .
295
Number of shares forfeited during the year,.
.
.
.
.1 0
Amount of dues received during the y e a r , ................................................... $27,594 00
Highest premium received during the y e a r ,...................................................
50
Lowest premium received during the y e a r , ...................................................
05
Number o f members withdrawn during the year.....................................52
Present number o f members.......................................................................426
Present number of b o r r o w e r s , ........................................................... 61
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
BANK COMMISSIONERS’ REPORT.
176
[Jail.
Present number of non-borrowers,........................................................... 365
Number of loans secured by first mortgage of real estate, . . .
72
Amount of loans secured by first mortgage of real estate,.
.
.
.
$65,35000
Number and amount of loans on s h a r e s , .......................................
9
1,49000
Largest loan to any one m em b er,....................................................................
4,000 00
Smallest loan to any one member,..........................................................
25
00
Amount o f expenses of the corporation for the year ending Oct. 31, 1890, .
34256
Amount of profits credited to shares during the y e a r ,........................
3,193
44
Amount of cash received during the y e a r , .............................................31,915
38
32,503
78
Amount of cash paid during the year......................................................
Date of examination by commissioner: October 7-
April,
Mar.,
Mar.,
Mar.,
Sept.,
Mar.,
Sept.,
1886,
1887,
1888,
1889,
1889,
1890,
1890,
.
.
.
.
1
2
3
.
6
4
5
7
433
161
283
597
373
412
458
$62 91
48 96
34 47
20 86
14 39
8 10
2 00
Total
Value.
Value per
Share.
D ate
I ssue.
No. of
Shares.
of
Series.
Reconciliation o f Share Account with Dues and Profits Capital.
$27,240
7,882
9,755
12,453
5,367
3,337
916
03
56
01
42
47
20
00
Dues- capital, as per ledger,
Profits capital (all series),
as per ledger, .
Unpaid dues,
$60,982 00
5,622 69
474 00
127 00
Dues paid in advance,
$67,078 69
Total, .
Total,
$67,078 69
Commonwealth of M assachusetts .
N o r f o l k , ss .
N ov . 13, 1890.
Personally appeared Henry W. Britton, Secretary of said bank, and madeoath that
the foregoing report, by him subscribed, is true.
Before me,
N orfolk , ss .
H orace N. T ucker , Justice of the Peace.
N o v . 13, 1890.
Personally appeared Henry W. Britton, Treasurer of said bank, and made oath that
the securities and cash specified in the foregoing report, by him subscribed, were held
by him at the date thereof.
Before me,
N orfolk , ss .
H orace N. T u cker , Justice of the Peace.
N ov. 13, 1890.
Personally appeared Charles Tenney, Vice-President, and Alfred Upham, Kilburn R.
Clifford, Richard B. Ward, Webster Smith and C. Farrell, directors of said bank, and
made oath that the above report is correct, according to their best knowledge and belief.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Before me,
H orace N. T u ck er , Justice of the Peace.
1891.]
177
PUBLIC DOCUMENT — No. 8.
SU FFO LK C O -O P E R A TIV E B A N K — BOSTON".
Incorporated Dec. 11, 1885. Commenced business Jan. 1, 1886.
Capital to be accumulated, $ 1,000,000.
C h as . J. P a g e , President.
P ercy A . B r id g h a m , Secretary A lfred F oster , Treasurer.
Names of security committee :
C h as . J. P ag e ,
F red eric H. H e n sh a w ,
A l e x a n d e r H. H o l w a y .
Regular meetings the first Wednesday of each month.
B a l a n c e S h e e t , O c t o b e r 31, 1890.
’A
ssets
.
Loans on real estate, .
Loans on shares, .
Temporary expense account,
Suspense account,
Cash in hands of treasurer,.
L ia b il it ie s .
$16,600
385
473
255
557
00
00
36
08
54
$18,270 98
Dues capital, . . . .
Profits capital (all series),
Interest,..................................
Premiums,
.
Fines........................................
Transfer fees, . . . .
Surplus,..................................
Guaranty fund,
Forfeited share account,
Withdrawal profits,
$16,574
1,231
272
65
28
2
38
41
15
$18,270 98
How are shares issued, — quarterly, semi-annually or annually ? Semi
annually.
Number of shares issued during the y e a r , ..................................
361
Number o f shares now in f o r c e , ...................................................
733
Number o f shares now borrowed u p o n , ...........................................138
Largest number of shares held by any one member, . * .
.
.2 5
N umber o f shares withdrawn during the y e a r , .................................. 233
Number o f shares forfeited during the y e a r , .................................. 13
Amount of dues received during the y e a r , ................................................... $4,248 00
Highest premium received during the y e a r ,...................................................
Lowest premium received during the y e a r ,...................................................
Number o f members withdrawn during the year,
. . .
.
36
Present number o f members,.................................................................... 120
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
00
79
03
20
97
75
12
74
78
60
30
2
178
BANK COMMISSIONERS’ REPORT.
Present number of b o r r o w e r s , ............................................................20
Present number of n o n - b o r r o w e r s ,................................................... 100
Number o f loans secured by first mortgage of real estate, . . .
14
Amount o f loans secured by first mortgage of real estate,.
.
.
.
Number and amount of loans on s h a r e s , .....................................
7
Largest loan to any one m em ber,...................................................
2,000
Smallest loan to any one m e m b e r , ..........................................
50
Amount of expenses of the corporation for the year ending Oct. 31, 1890, .
Amount o f profits credited to shares during the y e a r ,.................
1,058
Amount of cash received during the y e a r , ..................................
4,857
Amount o f cash paid during the y e a r , .....................................................4,251
Date of examination by commissioner : June 23.
[Jan.
$16,600 00
385 00
00
00
190 80
65
92
93
Jan., 1886,
July, 1886,
Jan., 1887,
July, 1887,
Jan., 1888,
July, 1888,
Nov., 1888,
May, 1889,
Nov., 1889,
May, 1890,
Total, .
10
3
4
5
6
7
8
9
10
57
34
45
41
139
47
73
200
97
$67
60
52
44
37
30
25
18
12
95
42
56
93
54
39
63
97
43
6 11
Total
Value.
1
2
Value per
Share.
No. of
Shares.
D ate
I ssue.
of
Series.
Reconciliation o f Share Account with Dues and Profits Capital.
$3,873
604
1,787
2,021
1,539
4,224
1,204
1,384
2,486
592
Dues capital, as per ledger,
Profits capital (all series),
as per ledger, .
Unpaid dues,
Errors and omissions, since
adjusted and corrected, .
15
20
04
85
14
21
61
81
00
62
Total,
$19,717 63
.
.
.
.
$16,574 00
1,825 63
369 00
949 00
$19,717 63
Com m onw ealth of M assachusetts .
Dec. 19, 1890.
S u ffolk , ss.
Personally appeared Percy A. Bridgham, Secretary of said bank, and made oath that
the foregoing report, by him subscribed, is true.
Before me,
C. C. B arton , Justice of the Peace.
Dec. 19, 1890.
S uffolk , ss .
Personally appeared Alfred Foster, Treasurer o f said bank, and made oath that
the securities and cash specified in the foregoing report, by him subscribed, were held by
him at the date thereof.
Before me,
J ames H. Collin s , Justice of the Peace.
Dec. 19,1890.
S uffolk , ss .
Personally appeared Chas. J. Page, President, and James H. Page, a director of said
bank, and made oath that the above report is correct, according to their best knowledge
and belief.
_
Before me,
A rth ur D. M c C l e l l a n , Justice of the Peace.
Su ffo l k , ss .
-
Dec. 20, 1890.
Personally appeared F. H. Henshaw, Geo. F. Wood, A. H. Holway and W. H.
Pinkham, directors of said bank, and made oath that the above report is correct, accord
ing to their best knowledge and belief.
Before me,
P ercy A . B r id g h a m , Justice of the Peace.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
1891.]
179
PUBLIC DOCUMENT — No. 8.
TAUNTON
CO -O P ER ATIV E B A N K — T A U N T O N .
Incorporated March 2,1880. Commenced business March 17,1880.
Capital to be accumulated, $1,000,000.
H en ry M L overing , President.
H erbert O. M orse , Secretary.
C h as . F oster , Treasurer.
Names of security committee:
D a n ie l Ca r e y ,
A lb e rt D. D av o l ,
T hos . B a k e r .
Regular meetings the first Tuesday after the fifteenth of each month.
B a l a n c e S h e e t , O c t o b e r 31, 1890.
L ia b il it ie s .
A ssets.
$252,950 00
Loans on real estate, .
10,300 00
Loans on shares, .
293 67
Permanent expense account,
442 83
Temporary expense account,
2,229 00
Unpaid dues,
1,942 03
Unpaid interest, .
10,481 87
Cash in hands o f treasurer, .
$278,639 40
Dues capital............................ $235,856 00
35,874 56
Profits capital (all series),
5,793 75
Interest and premiums, .
183 83
Fines and transfer fees,.
6 20
Surplus,..................................
841 22
Guaranty fund,
83
84
Forfeited share account,
/
$278,639 40
How are shares issued, — quarterly, semi-annually or annually ? Annu
ally.
Number o f shares issued during the y e a r , .................................. 1,678
Number o f shares now in f o r c e , ................................................... 6,224
Number o f shares now borrowed upon,
.
.
.
.
.
1,681
Largest number o f shares held by any one member, .
.
.
.
25
Number o f shares withdrawn during the y e a r , .................................. 500
Number of shares retired during the y e a r , .......................................... 310
Amount of dues received during the y e a r , ...........................................
Highest premium received during the year.......................................................
Lowest premium received during the y e a r , ...................................................
Number o f members withdrawn during the year,
.
.
.
.
31
Present number o f members,.................................................................... 370
Present number o f b o r r o w e r s , ................................................... ........ 259
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$70,585 00
10
05
180
BANK COMMISSIONERS’ REPORT.
Present number of n o n - b o r r o w e r s ,................................................... 611
Number o f loans secured by first mortgage of real estate, .
.
. 260
Amount o f loans secured by first mortgage of real estate, .
.
.
.
Number and amount of loans on s h a r e s , ........................................... 82
Largest loan to any one m em ber,....................................................................
Smallest loan to any one member,....................................................................
Amount of expenses of the corporation for the year ending Oct. 31, 1890, .
Amount of profits credited to shares during the y e a r ,................
16,730
Amount o f cash received during the y e a r , .................................
240,350
Amount o f cash paid during the y e a r ,..........................................
234,012
Date o f examination by commissioner: August 14.
[Jan.
$252,950 00
10,300 00
5,000 00
50 00
780 50
59
78
23
March,
May,
May,
May,
May,
May,
May,
May,
May,
May,
May,
1880,
1881,
1882,
1883,
1884,
1885,
1886,
1887,
1888,
1889,
1890,
.
.
.
.
.
.
.
.
.
.
.
1
2
3
4
5
6
7
8
9
10
11
34
101
245
245
408
430
615
560
820
1,300
1,466
$174
149
129
110
92
76
60
45
31
18
99
86
60
64
83
09
34
53
55
40
6 00
Total
Value.
Yalueper
Share.
D ate
OF ISSUE.
No. of
Shares.
Series.
!
Reconciliation o f Share Account with Dues and Profits Capital.
$5,949
15,135
31,752
27,106
37,874
32,718
37,109
25,496
25,871
23,920
8,796
66
86
00
80
64
70
10
80
00
00
00
Dues capital, as per ledger, $235,856 00
Profits capital (all series),
35,874 56
as per ledger, .
$271,730 56
Total, .
Total..............................
$271,730 56
Commonw ealth of M assachusetts .
B iiistol , ss.
Nov. 20, 1890.
Personally appeared HerbertO. Morse,Secretary
the foregoing report, by him subscribed, is true.
Before me,
B ristol , ss .
of saidbank, and
made oath that
L loyd E. W h it e , Justice of the Peace.
N ov . 20, 1890.
Personally appeared Chas. Foster, Treasurer of said bank, and made oath that
the securities and cash specified in the foregoing report, by him subscribed, were held
by him at the date thereof.
Before me,
L loyd E. W h it e , Justice of the Peace.
B ristol , ss .
N ov. 20, 1890.
Personally appeared Henry M. Lovering,President, and John H. Church, Daniel
Carey, John H. Dalglish, Geo. E. Dean and H. A. Cushman, directors of said bank,
and made oath that the above report is correct, according to their best knowledge and
belief.
L loyd E. W h ite , Justice of the Peace.
Before me,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
181
PUBLIC DOCUMENT — No. 8.
1891.]
TR O Y
CO O P E R A T IV E
BANK — PALL
R IV E R .
Incorporated July 18, 1880. Commenced business July 20, 1880.
Capital to be accumulated, $1,000,000.
J erome C. B orden , President.
C h as . B. Cook , Treasurer.
C has . B. Cook , Secretary.
Names o f security committee:
John M. Y oung ,
T homas D. C o vell ,
A. H omer Sk in n e r .
Regular meetings the third Tuesday of each month.
B a l a n c e S h e e t , O c t o b e r 31, 1890.
L ia b il it ie s .
A ssets.
$198,650 00
Loans on real estate, .
10,300 00
Loans on shares, .
200 00
Permanent expense account,
778 00
Unpaid dues,
Unpaid interest, premiums,
363 58
and fines, . . .
.
17,999 29
Cash in hands of treasurer,.
Dues capital............................. $191,224 00
36,156 57
Profits capital (all series),
154 08
Surplus....................................
539 36
Guaranty fund,
30 26
Forfeited share account,
186 60
Advance payments,
$228,290 87
$228,290 87
How are shares issued, — quarterly, semi-annually or annually ? Semi
annually.
Number of shares issued during the y e a r , .................................. 1,706
Number o f shares now in f o r c e , ................................................... 5,866
Number o f shares now borrowed u p o n , .................................. 1,356
Largest number of shares held by any one member, .
.
.
.
25
Number of shares withdrawn during the year, .
.
.
.
1,156
Number o f shares retired during the y e a r , ...........................................35
Amount o f dues received during the year, .
Highest premium received during the year, .
Lowest premium received during the year, .
. 176
Number of members withdrawn during the year,
. 850
Present number o f members,
.
. . .
. 159
Present number o f borrowers,
. . .
.
. 691
Present number of non-borrowers,
. 126
N umber of loans secured by first mortgage of real estate, •
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$63,660 00
15
05
182
BANK COMMISSIONERS’ REPORT.
[Jan.
Amount o f loans secured by first mortgage of real estate, .
Number and amount of loans on shares,
.
.. .
. .
. 56
Largest loan to any one member,
"
...........................................
Smallest loan to any one member,....................................................................
Amount of expenses of the corporation for the year ending Oct. 31, 1890, .
Amount of profits credited to shares during the y e a r,..................................
Amount of cash received during the y e a r , ...................................................
Amount o f cash paid during the y e a r ,............................................................
Date o f examination by commissioner : March 17.
$198,650
10,300
5,000
50
1,061
11,775
125,866
111,548
00
00
00
00
43
78
45
50
July,
Oct.,
April,
Oct ,
April,
Oct.,
April,
Oct.,
April,
Oct.,
April,
Oct.,
April,
Oct.,
April,
Oct.,
April,
Oct.,
April,
Oct.,
April,
Oct.,
1880,
1880,
1881,
1881,
1882,
1882,
1883,
1883,
1884,
1884,
1885,
1885,
1886,
1886,
1887,
1887,
1888,
1888,
1889,
1889,
1890,
1890,
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
68
88
56
81
53
75
98
59
81
62
113
194
221
255
204
292
461
423
823
574
1,017
568
Total, .
$177
171
159
148
137
126
116
106
97
88
79
71
63
55
48
40
33
26
19
13
7
1
Total
Value.
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
Value per
Share.
No. of
Shares.
D ate
I ssue.
of
Series.
Reconciliation o f Share Account with Dues and Profits Capital.
04 $12,038 72
10
15,056 80
46
8,929 76
15
12,000 15
26
7,274 78
78
9,508 50
71
11,437 58
97
6,311 23
60
7,905 60
61
5,493 82
91
9,029 83
53
13,876 82
45
14,022 45
62
14,183 10
04
9.800 16
68
11,878 56
54
15,461 94
63
11,264 49
92.
16,394 16
42
7,703 08
12
7,241 04
00
568 00
Dues capital, as per ledger, $191,224 00
Profits capital (all series),
as per ledger, .
36,156 57
$227,380 57
Total.............................. $227,380 57
Co m m o n w ea lth
B r is t o l ,
ss .
of
M a s sa c h u s e t t s .
N o t . 22, 1890.
Personally appeared Chas. B. Cook, Secretary of said bank, and made oath that the
foregoing report, by him subscribed, is true.
Before me,
B r is t o l ,
ss .
M. G. B. S w if t , Justice of the Peace.
N ov . 22, 1890.
Personally appeared Chas. B. Cook, Treasurer of said bank, and made oath that the
securities and cash specified in the foregoing report, by him subscribed, were held by
him at the date thereof.
Before me,
B ristol , ss.
M. G. B. S w if t , Justice of the Peace.
N ov. 24, 1890.
Personally appeared Jerome C. Borden, President, and Albert F. Dow, Leonard N.
Slade, John M. Young, Thos. D. Covel and Nath’l B. Borden, directors of said bank,
and made oath that the above report is correct, according to their best knowledge and
belief.
Before me,
M. G. B. Sw if t , Justice of the Peace.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
1891.]
183
PUBLIC DOCUMENT — No.
V O L U N T E E R C O -O P E R A TIV E B A N K — BOSTON.
Incorporated Nov. 16, 1887. Commenced business Jan. 1, 1888.
Capital to be accumulated, $1,000,000.
W
alter
C. S h a p l e i g h , President.
F r a n k E . B u r b a n k , Secretary.
A r t h u r L y m a n , Treasurer.
Names of security committee :
John A . R e e d ,
Ja m e s A . C o o k ,
F r a n k Ha s e y ,
T h os . C . R i l e y .
Regular meetings the third Wednesday of each month.
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.
Loans on real estate, .
Loans on shares, .
Permanent expense account,
Temporary expense account,
Real estate by foreclosure, .
Profit and loss,
Cash in hands of treasurer,.
Cash in hands o f secretary,.
31, 1890.
$79,100
1,350
132
175
279
16
8;»41
1,310
00
00
70
01
24
77
07
23
Dues capital, .
.
Profits capital (all series),
Interest,..................................
Premiums,
. . .
.
F i n e s , ..................................
Transfer fees...........................
Guaranty fund,
Forfeited share account,
Withdrawal profits,
Forfeited profits, .
$90,605 02
How are shares issued, — quarterly, semi-annually or annually ? Semiannually.
1,645
Number of shares issued during the y e a r , ..................................
4,484
Number o f shares now in f o r c e , ...................................................
. 482
Number o f shares now borrowed u p o n , ..................................
. 25
Largest number o f shares held by any one member, .
1,064
Number of shares withdrawn during the year, .
.
.
.
. 38
Number o f shares forfeited during the year,
.
. . .
Amount o f dues received during the year, .
.
.
.
Highest premium received during the y e a r ,..................................
Lowest premium received during the year.......................................
141
Number of members withdrawn during the year,
574
Present number of m e m b e r s , ....................................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$84,305
4,569
1,281
150
41
2
62
98
92
00
47
50
30
88
25
32
66
78
86
$90,605 02
$50,072 00
55
05
184
[Jan.
BANK COMMISSIONERS’ REPORT.
Present number o f b o r r o w e r s , ............................................................56
Present number o f n o n - b o r r o w e r s ,................................................... 518
Number of loans secured by first mortgage of real estate, . . .
43
Amount of loans secured by first mortgage of real estate, .
.
.
.
Number and amount of loans on s h a r e s , ...........................................
13
Largest loan to any one m em ber,....................................................................
Smallest loan to any one m e m b e r , ............................................................
Amount o f expenses of the corporation for the year ending Oct. 31, 1890, .
Amount o f profits credited to shares during the y e a r ,..................................
Amount of cash received during the y e a r , .................................
75,059
Amount o f cash paid during the y e a r , ..........................................
73,537
Date o f examination by commissioner : March 25.
$79,100 00
1,350 00
5,000 00
50 00
744 47
3,866 78
46
41
Jan.,
July,
Jan.,
July,
Jan.,
July,
1888,
1888,
1889,
1889,
1890,
1890,
898
499
873
729
731
754
1
2
i
4
5
6
Dues paid in advance,
$36
29
22
16
74
74
97
43
10 11
4 00
Total
Value.
Value per
Share.
D ate
I ssue.
of
No. of
Shares.
Series.
Reconciliation o f Share Account with Dues and Profits Capital.
$32,992
14,840
20,052
11,977
7,390
3,016
Dues capital, as per ledger,
Profits capital (all series),
as per ledger, .
Unpaid dues,
$84,305 00
4,569 47
1,963 00
568 00
.
$90,837 47
Total, .
Co m m o n w e a l t h
Su f f o l k ,
52
26
81
47
41
00
of
Total,
.
.
.
.
$90,837 47
M a s sa c h u s e t t s .
N ov . 6, 1890.
ss .
Personally appeared F. E. Burbank, Secretary o f said bank, and made oath that the
foregoing report, by him subscribed, is true.
Before me,
Suffolk,
R o b e r t T r e a t P a i n e , 2d, Justice of the Peace.
*
ss.
Nov. 6, 1890.
Personally appeared Arthur Lyman, Treasurer of said bank, and made oath that the
securities and cash specified in the foregoing report, by him subscribed, were held by
him at the date thereof.
Before me,
Su ffo lk ,
R o b e r t T r e a t P a i n e , 2d, Justice of the Peace.
Nov. 26, 1890.
ss.
Personally appeared Walter C. Shapleigh, President, and John J. Delea, George
Murphy, W. W . Amsden, J. F. Johnson and John A. Reed, directors of said bank, and
made oath that the above report is correct, according to their best knowledge and belief.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Before m e,'
W
alter
H. R o b e r t s , Justice of the Peace.
1891.]
185
PUBLIC DOCUMENT — No. 8.
W A K E F IE L D
C O -O P E R A T IV E B A N K — W A K E F IE L D .
Incorporated Jan. 31, 1887. Commenced business March 5, 1887.
Capital to be accumulated, $1,000,000.
T h o m a s J. S k i n n e r , President.
H a r r y F o s t e r , Treasurer.
H a r r y F o st e r , Secretary.
•
Names o f security committee :
E v e r e t t W . E a to n ,
H o race G o w in g ,
J o sia h M. S h a w ,
R ic h a r d S. Sto u t ,
J oh n L e m m a n .
Regular meetings the first Saturday o f each month.
B alance Sheet , October 31, 1890.
A ssets.
Loans on real estate, .
Loans on shares, .
Permanent expense account,
Accrued interest,.
Accrued premiums,
Accrued fines,
Cash in hands of treasurer,.
L ia b il it ie s .
$56,500
5,500
126
54
• 5
25
2,552
00
00
42
75
00
50
46
$64,764 13
Dues capital, . . . .
Profits capital (all series). .
Surplus,..................................
Guaranty fund,
$58,696
5,642
335
90
00
50
63
00
$64,764 13
How are shares issued, — quarterly, semi-annually or annually ? Semi
annually.
Number o f shares issued during the y e a r , .................................. 1,022
Number o f shares now in f o r c e , ............................................................ 2,547
Number o f shares now borrowed u p o n , ........................................ 528
Largest number of shares held by anyone member, .
.
.
.
25
Number of shares withdrawn during the y e a r , .................................. 361
Amount of dues received during the y e a r , ................................................... $28,838 00
Highest premium received during the y e a r ,...................................................
30
Lowest premium received during the y e a r , ...................................................
05
Number of members withdrawn during the year,
.
.
.
.
58
Present number of m e m b e r s , ......................................................... 432
Present number of b o r r o w e r s , .......................................................... 77
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
186
[Jan.
BANK COMMISSIONERS’ REPORT.
Present number o f n o n - b o r r o w e r s ,................................................... 355
Number of loans secured by first mortgage of real estate, . . .
53
Amount of loans secured by first mortgage of real estate, . . .
.
$56,500 00
Number and amount of loans on s h a r e s , ........................................... 43
5,500 00
Largest loan to any one m em b er,....................................................................
3,300 00
Smallest loan to any one member,....................................................................
50 00
Amount of expenses of the corporation for the year ending Oct. 31, 1890, .
227 93
Amount of profits credited to shares during the y e a r ,.................................. 3,431 11
Amount of cash received during the y e a r , ..................................
40,636
80
Amount o f cash paid during the y e a r ,...........................................................
42,805 93
Date o f examination by commissioner: June 30.
Mar., 1887,
May, 1887,
Nov., 1887,
May, 1888,
Nov., 1888,
May, 1889,
Nov., 1889,
May, 1890,
313
136
296
315
240
327
410
510
$50
47
40
32
25
18
12
6
01
49
01
75
73
96
43
11
Total
Value.
1
2
3
4
5
6
7
8
Value per
Share.
D ate
I ssue.
No. of
Shares.
of
Series,
Reconciliation o f Share Account with Dues and Profits Capital.
$15,653
6,458
11,842
10,316
6,175
6,199
5,096
3,116
Dues paid in advance,
Dues capital, as per ledger,
Profits capital (all series),
as per ledger, .
Unpaid dues,
$58,696 00
5,642 50
549 00
29 00
Total, .
$64,887 50
Com m onw ealth
M id d l e s e x ,
13
64
96
25
20
92
30
10
of
Total,
.
.
.
.
$64,887 50
M a ssa ch u setts.
ss .
N ov . 1, 1890.
Personally appeared Harry Foster, Secretary of said bank, and made oath that the
foregoing report, by him subscribed, is true.
Before me,
M id d l e s e x ,
R ic h a r d B r it t o n , Justice of the Peace.
ss.
N o v . 1, 1890.
Personally appeared Harry Foster, Treasurer o f said bank, and made oath that the
securities and cash specified in the foregoing report, by him subscribed, were held by
him at the date thereof.
Before me,
M id d l e s e x ,
ss .
R
ic h a r d
B r it t o n , Justice of the Peace.
N ov . 1, 1890.
Personally appeared Thomas J. Skinner, President, and E. D. Weston, E. W. Eaton,
R. S. Stout, John Lemman and J. M. Shaw, directors of said bank, and made oath that
the above report is correct, according to their best knowledge and belief.
Before me,
R ic h a r d B r it t o n , Justice of the Peace.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
1891 .]
PUBLIC DOCUMENT — No. 8.
W ALTHAM
C O -O P E R A T IV E
187
BANK — W ALTH AM .
Incorporated Oct. 13, 1880. Commenced business Oct. 21, 1880.
Capital to be accumulated, $1,000,000.
F r a n c is B u t t r ic k , President.
D a n ie l F . Y i l e s , Secretary.
D a n ie l F . V i l e s , Treasurer.
Names of security committee :
F r a n c is B u t t r ic k ,
A lfre d M . G oodale,
E d w a r d P. S m i t h .
Regular meetings the third Thursday of each month.
Balance Sheet , Octobek 31, 1890.
A ssets.
L ia b il it ie s .
Loans on real estate, .
$505,100 00
Loans on shares, .
5,550 00
Unpaid interest, .
1,460 75
Unpaid premiums,
265 92
Unpaid fines,
94 64
Cash in hands o f treasurer,.
16,177 24
Dues capital............................. $435,719 00
Profits capital (all series),
83,292 26
Interest,..................................
2,542 25
Premiums................................
403 90
Fines........................................
57 84
Transfer fees, . . . .
3 00
Surplus,..................................
3,059 74
Guaranty fund,
3,200 00
Withdrawal profits,
129 29
Outstanding bills, temporary
expense account,
236 27
$528,648 55
$528,648 55
'
How are shares issued, — quarterly, semi-annually or annually ? Quar
terly.
Number o f shares issued during the y e a r , .................................. 5,056
Number o f shares now in force.........................................................14,062
Number o f shares now borrowed upon,................................................... 2,968
Largest number o f shares held by any one member, .
.
.
.2 5
Number of shares withdrawn during the year,
.
.
.
.
2,648
Amount of dues received during the year......................................................... $153,076 00
Highest premium received during the y e a r ,...................................................
30
Lowest premium received during the y e a r , ...................................................
05
Number of members withdrawn during the y e a r,..................................373
Present number of members,.................................................................... 2,168
Present number o f b o r r o w e r s , ...............................................................442
Present number of non-borrowers,............................................................1,726
Number o f loans secured by first mortgage of real estate, .
.
. 397
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
188
BANK COMMISSIONERS’ REPORT.
[Jan.
Amount o f loans secured by first mortgage of real estate,.
.
.
.
$505,100 00
Number and amount of loans on s h a r e s , ...................................... 45
5,550 00
Largest loan to any one m e m b e r,....................................................................
5,000 00
Smallest loan to any one member,.
50 00
Amount of expenses of the corporation for the year ending Oct. 31,1890, .
3,357 11
32,415
77
Amount o f profits credited to shares during the y e a r ,.................
Amount of cash received during the y e a r , ..................................
270,545
75
Amount of cash paid during the y e a r , ..........................................
255,366
60
Date of examination by commissioner: May 27.
Oct.,
April,
Oct.,
April,
Oct.,
April,
Oct.,
April,
Oct.,
April,
Oct.,
April,
Oct.,
April,
Oct.,
April,
Oct.,
April,
Oct.,
Jan.,
April,
July,
Oct.,
1880,
1881,
1881,
1882,
1882,
1883,
1883,
1884,
1884,
1885,
1885,
1886,
1886,
1887,
1887,
1888,
1888,
1889,
1889,
1890,
1890,
1890,
1890,
.
.
.
.
.
.
.
.
.
.
.
.
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
.
.
.
.
.
.
.
.
.
Total
Value.
Value per
Share.
D ate
I ssue.
No. of
Shares.
of
Series.
Reconciliation o f Share Account with Dues and Profits Capital.
225 $174 18 $39,190 50
162 36
21,918 60
135
15,395 88
150 94
102
14,274 90
102
139 95
16,038 16
129 34
124
26,793 00
119 08
225
20,196 45
185
109 17
99 60
21,513 60
216
90 35
25,117 30
278
29,714 65
81 41
365
19,938 98
72 77
274
33,374 74
64 43
518
34,385
70
56 37
610
37,503 76
48 58
772
28,742
00
41 06
700
46,475 00
33 80
1,375
25,708 80
26 78
960
26,580 00
1,329
20 00
14,862 25
13 45
1,105
10 25
9,799 00
956
8,479 92
7 12
1,191
4,308 07
4 03
1,069
1,246 00
1 00
1,246
460 00
Dues paid in advance,
$522,017 26
Total, .
Com m onw ealth
M id d l e s e x ,
Dues capital, as per ledger, $435,719 00
Profits capital (all series),
83,292 26
as per ledger, .
3,006 00
Unpaid dues,
ss.
of
Total.............................. $522,017 26
M assa ch u setts.
W a l t h a m , N ov . 14, 1890.
Personally appeared Daniel F. Yiles, Secretary of said bank, and made oath that
the.foregoing report, by him subscribed, is true.
Before me,
T h o m a s H. A r m s t r o n g , Justice o f the Peace.
M id d l e s e x ,
ss .
N ov . 14, 1890.
Personally appeared Daniel F. Yiles, Treasurer of said bank, and made oath that
the securities and cash specified in the foregoing report, by him subscribed, were held
by him at the date thereof.
Before me,
T h o m a s H. A r m s t r o n g , Justice of the Peace.
M id d l e s e x ,
ss .
N ov . 14,1890.
Personally appeared Francis Buttrick, President, and Freeman C. Hodgdon, John
L. Keyser, Timothy Leary, Geo. S. Alden and Phillip Jones, directors of said bank, and
made oath that the above report is correct, according to their best knowledge and belief.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Before me,
T h o m a s H. A r m s t r o n g , Justice of the Peace.
1891.]
PUBLIC DOCUMENT — No. 8.
189
W A T E R T O W N C O -O P E R A TIV E B A N K — W A T E R T O W N .
Incorporated June 23, 1888. Commenced business June 28, 1888.
Capital to be accumulated, $1,000,000.
S. S. G l e a s o n , Secretary.
C h a s . B r i g h a m , President.
S. S. G l e a s o n , Treasurer.
Names o f security committee :
J a m e s H. N o r c r o ss ,
H. W . O t is ,
S. S. G l e a so n .
Regular meetings the fourth Thursday evening of each month.
B alance Sheet , October 31, 1890.
A ssets.
Loans on real estate, .
Loans on shares, .
Temporary expense account,
Cash in hands o f treasurer,
L ia b il it ie s .
$39,750
100
100
3,327
00
00
03
36
Dues capital, .
. . .
Profits capital (all series),
Interest.....................................
Premiums,
. . .
.
F i n e s , ..................................
Transfer fees, . . .
.
Surplus,..................................
Guaranty fund,
Withdrawal profits,
$43,277 39
How are shares issued, — quarterly, semi-annually or annually ? Semi
annually.
Number of shares issued during the y e a r , .................................. 1,247
Number o f shares now in f o r c e , ................................................... 2,467
Number of shares now borrowed upon,.................................................. 207
Largest number o f shares held by any one member, .
.
.
.
25
Number of shares withdrawn during the y e a r , .................................. 202
Amount of dues received during the y e a r , ...................................................
Highest premium received during the y e a r ,...................................................
Lowest premium received during the y e a r , ...................................................
Number o f members withdrawn during the year,
.
.
.
.
32
Present number of members,.................................................................... 295
Present number o f borrowers,
.
.
.
.
.
.
.
.
22
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$40,546
1,475
951
125
27
00
89
82
85
22
50
110 07
20 20
19 84
$43,277 39
$25,056 00
30
05
K
190
BANK COMMISSIONERS’ REPORT.
Present number of n o n - b o r r o w e r s ,................................................... 273
Number o f loans secured by first mortgage of real estate, . . .
22
Amount of loans secured by first mortgage of real estate, .
.
.
.
Number and amount of loans on s h a r e s , ...........................................
1
Largest loan to any one m em b er,....................................................................
Smallest loan to any one member,....................................................................
Amount of expenses of the corporation for the year ending Oct. 31, 1890, .
Amount of profits credited to shares during the y e a r , .................................. *
33,253
Amount of cash received during the y e a r , ..................................
Amount of cash paid during the y e a r ,..........................................
35,196
Date o f examination by commissioner : April 22.
[Jan.
$39,750 00
100 00
5,000 00
100 00
161 94
1,263 48
21
18
June,
Dec.,
June,
Dec.,
June,
1888,
1888,
1889,
1889,
1890,
.
1
2
3
.
4
5
669
362
295
459
682
$30
23
IT
11
5
51
85
38
10
00
Total
Value.
Value per
Share.
D ate
I ssue.
op
No. of
Shares.
Series.
Reconciliation o f Share Account with Dues and Profits Capital.
$20,411
8,633
5,127
5,094
3,410
Dues paid in advance,
Dues capital, as per ledger,
Profits capital (all series),
as per ledger, .
Unpaid dues,
$40,546 00
Total..............................
$42,821 89
1,475 89
800 00
145 00
Total, .
$42,821 89
Comm onw ealth
M id d l e s e x ,
19
70
10
90
00
op
M assach u setts.
ss .
N ov . 13, 1890.
Personally appeared Samuel S. Gleason, Secretary of said bank, and made oath that
the foregoing report, by him subscribed, is true.
Before me,
M id d l e s e x ,
¥
m.
ss .
E. F a r w e l l , Justice of the Peace.
N ov . 13, 1890.
Personally appeared Samuel S. Gleason, Treasurer of said bank, and made oath that
the securities and cash specified in the foregoing report, by him subscribed, were held by
him at the date thereof.
Before me,
M id d l e s e x ,
W
m.
ss .
E. F a r w e l l , Justice of the Peace.
N ov . 13, 1890.
Personally appeared Chas. Brigham, President, and Horace W. Otis, Thos. E.
Hackett, Thos. P. Emerson, Jas. H. Norcross and Albert H. Hartwell, directors of said
bank, and made oath that the above 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
E. F a r w e l l , Justice of the Peace.
1891.]
191
PUBLIC DOCUMENT — No. 8
W E B S T E R CO -O P E R A TIV E B A N K — W E B S T E R .
Incorporated Aug. 2, 1889. Commenced business Aug. 8, 1889.
Capital to be accumulated, $1,000,000.
L. E. P a t t is o n , President.
E. L. S p a l d i n g , Secretary.
E. L. S p a l d in g , Treasurer.
Names of security committee :
Louis E. P a t t is o n ,
J o h n J. L o v e ,
F b a n k A. U p h a m .
Regular meetings the second Thursday o f each month.
Balance Sheet , October 31, 1890.
Assets.
Loans on real estate, .
Loans on shares, .
Permanent expense account,
Temporary expense account,
Cash in hands of treasurer, .
L ia b il it ie s .
$ 6 ,4 0 0
175
150
27
240
00
00
70
00
30
Dues capital, .
. . .
Profits capital (all series), .
Interest,..................................
Premiums,
.
.
.
.
F i n e s , ..................................
Transfer fees,
Surplus....................................
Guaranty fund,
Withdrawal profits,
$6 ,9 9 3 00
How are shares issued, — quarterly, semi-annually or annually
annually.
Number o f shares issued during the year........................................
Number of shares now in f o r c e , ...................................................
Number of shares now borrowed u p o n , ..................................
Largest number of shares held by any one member, .
Number o f shares withdrawn during the year,
.
N umber of shares forfeited during the year,
.
.
.
.
Amount of dues received during the y e a r , ..................................
Highest premium received during the y e a r ,..................................
Lowest premium received during the y e a r , ..................................
Number o f members withdrawn during the year,
Present number of members,
.
.
.
.
.
.
.
Present number o f b o r r o w e r s , ...................................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$ 6 ,8 1 7
84
74
3
5
00
08
26
95
88
50
3 52
1 50
2 31
$ 6 ,9 9 3 00
Semi. 237
. 601
. 59
. 25
. 33
.
7
•
. 17
. 113
. 10
$5,960 00
35
05
192
BANK COMMISSIONERS’ REPORT.
[Jan.
Present number of n o n - b o r r o w e r s ,................................................... 103
Number of loans secured by first mortgage of real estate, . . .
8
Amount of loans secured by first mortgage of real estate,.
.
.
.
Number and amount of loans on s h a r e s , ............................................
2
Largest loan to any one m em ber,....................................................................
Smallest loan to any one m e m b e r , ..........................................
75
Amount o f expenses of the corporation for the year ending Oct. 31, 1890, .
Amount o f profits credited to shares during the year....................
88
Amount of cash received during the y e a r , ...........................................
.
Amount o f cash paid during the y e a r , .....................................................5,911
Date of examination by commissioner: February 11.
$6,400 00
175 00
2,000 00
00
100 00
28
6,143 42
26
Aug., 1889,
Feb., 1890,
Aug., 1890,
.
383
73
145
$15 21
9 05
3 00
Total
Value.
1
2
3
Value per
Share.
No. of
Shares.
D ate
o f 'I ssue .
Series.
Reconciliation o f Share Account with Dues and • Profits Capital.
$5,825 43
660 65
435 00
$6,817 00
Total..............................
$7,026 08
84 08
125 00
105 00
Dues paid in advance,
$7,026 08
Total, .
Co m m o n w ea lth
W
Dues capital, as per ledger,
Profits capital (all series),
as per ledger, .
Unpaid dues,
.
f
o r c e s t e r , ss .
of
M a s sa c h u s e t t s .
N o v . 13, 1890.
Personally appeared E. L. Spalding, Secretary of said bank, and made oath that the
foregoing report, by him subscribed, is true.
Before me,
W
o r c e s t e r , ss .
H e n r y J. C l a r k , Justice of the Peace.
N ov . 13,1890.
Personally appeared E. L. Spalding, Treasurer of said bank, and made oath that the
securities and cash specified in the foregoing report, by him subscribed, were held by
him at the date thereof.
Before me,
H e n r y J. C l a r k , Justice of the Peace.
W
orcester, ss.
N o v . 13, 1890.
Personally appeared L. E. Pattison, President, and John J. Love, Chas. M. Clark,
Frank A. Upham, James Douglas and Joseph P. Love, directors of said bank, and made
oath that the above report is correct, according to their best knowledge and belief.
Before me,
H e n r y J. C l a r k , Justice of the Peace.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
1891. ]
PUBLIC DOCUMENT — No. 8.
WEIR
CO-OPERATIVE
193
B AN K -TAU N TO N .
Incorporated July 11, 1884. Commenced business July 16, 1884.
Capital to be accumulated, $1,000,000.
S y l v a n n u s N. S t a p l e s , President.
A l b e r t H. T e t l o w , Secretary.
T . P re sto n B u r t , Treasurer.
Names of security committee:
Ch as. H. P au ll,
Geo. E . W
H e r b e r t M. S t a p l e s .
il b u r ,
Regular meetings on the 16th of each month.
Balance Sheet , October 31, 1890.
A s s is t s .
L ia b il it ie s .
$137,750 00
Loans on real estate, .
5,600 00
Loans on shares, .
50 00
Permanent expense account,
88 75
Temporai-y expense account,
1,309 83
Real estate by foreclosure, .
456 90
Suspense account,
480 00
Cash in hands o f treasurer,.
Dues capital, .
. . .
$127,560 00
Profits capital (all series),
14,485 79
Interest....................................
2,776 09
Premiums,
.
. . .
155 75
91 76
F i n e s , ..................................
Transfer fees,
1 25
Surplus.....................................
307 04
Guaranty fund,
300 00
54 70
Advance payments,
R e n t s , ..................................
3 10
$145,735 48
$145,735 48
How are shares issued, — quarterly, semi-annually or annually? Semi
annually.
Number of shares issued during the y e a r , ...........................................508
Number of shares now in f o r c e , ................................................... 3,477
Number of shares now borrowed upon,................................................... 965
Largest number o f shares held by any one member, .
. . .
25
Number of shares withdrawn during the y e a r , .................................. 620
.................................. 45
Number of shares retired during the year,
Amount of dues received during the year, .
.
. ■ .
.
.
.
Highest premium received during the y e a r ,...................................................
Lowest premium received during the y e a r , ...................................................
Number of members withdrawn during the yea r,..................................59
Present number o f members,.................................................................... 443
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$42,540 00
10
05
BANK COMMISSIONERS’ REPORT.
194
[Jan.
125
Present number of b o r r o w e r s , ...........................................
318
Present number of non-borrowers............................................
105
Number of loans secured by first mortgage of real estate, .
$137 750 00
Amount of loans secured by first mortgage of real estate, .
5, 600 00
21
Number and amount of loans on shares,
.
.
.
.
600 00
Largest loan to any one m em b er,...........................................
50 00
Smallest loan to any one member,..........................................
288 25
Amount o f expenses of the corporation for the year ending Oct. 31, 1890,
,456 80
Amount o f profits credited to shares during the year., .
,918 76
Amount of cash received during the year................................
,926 47
Amount o f cash paid during the year, .
.
.
.
.
Date of examination by commissioner : April 7.
1
July, 1884,
July',
Jan.,
July,
Jah.,
July,
Jan.,
July,
Jan.,
July,
Jan.,
July,
1885',
1886,
1886,
1887,
1887,
1888,
1888,
1889,
1889,
1890,
1890,
2
3
4
5
6
7
8
.
9
10
11
12
13
196
250
51
248
295
286
291
350
419
193
449
180
269
$90 44
82 17
73 98
66 03
58 30
50 79
43 50
36 42
29 55
22 88
16 40
10 11
4 00
Total
Value.
Value per
Share.
D ate
I ssue .
op
No. of
Shares.
Series.
Reconciliation o f Share Account with Dues and Profits Capital.
$17,726
20,542
3,772
16,375
17,198
14,525
12,658
12,747
12,381
4,415
7,363
1,819
1,076
$142,603 79
Total, .
Co m m o n w e a l t h
B r is t o l ,
24
50
98
44
50
94
50
00
45
84
60
80
00
op
Dues capital, as per ledger, $127,560 00
Profits capital (all series),
14,485 79
as per ledger, .
558 00
Unpaid dues,
Total..............................
$142,603 79
M a s sa c h u s e t t s .
N ov . 17, 1890.
ss .
Personally appeared A. H. Tetlow, Secretary of said bank, and made oath that the
foregoing report, by him subscribed, is true.
Before me,
G. E d g a r W i l l i a m s , Justice of the Peace.
B r is t o l ,
N ov . 17, 1890.
ss .
Personally appeared T. Preston Burt, Treasurer of said bank, and made oath that the
securities and cash specified in the foregoing report, by him subscribed, were held by
him at the date thereof.
Before me,
G. E d g a r W i l l i a m s , Justice of the Peace.
B r is t o l ,
N ov . 17, 1890.
ss .
Personally appeared S. N. Staples, President, and H. M. Staples, John H. Dalglish,
Horatio H. Hall, John A. McDonald and G. Arthur Lincoln, directors of said bank, and
made oath that the above report is correct, according to their best knowledge and belief.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Before me,
G. E d g a r W
il l ia m s ,
Justice of the Peace.
189 L j
195
PUBLIC DOCU M EN T- N o . 8.
W E S T F IE L D C O -O P E R A T IV E B A N K — W E S T F IE L D .
Incorporated Dec. 13, 1881. Commenced business Dec. 19, 1881.
Capital to be accumulated, $1,000,000.
M oses P. B r e c k e n r i d g e , President.
O l in C. T o w l e , Secretary.
O l in C. T o w l e , Treasurer.
Names of security committee:
A. W . H o lton ,
W. B. C o r n w e l l ,
S. B. C a m p b e l l .
Regular meetings tbe third Monday of each month.
B alance Sheet , October 31, 1890.
L ia b il it ie s .
A ssets.
$111,383 74
Loans on real estate, .
8,521 50
Loans on shares, .
Permanent expense account,
236 87
50 00
Temporary expense account,
691 46
Cash in hands o f treasurer, .
$104,869 00
Dues capital, . . . .
14,166 84
Profits capital (all series),
1,297 14
Interest,..................................
27 47
Fines,
.
41 98
Surplus.....................................
444
26
Guaranty fund,
36 68
Forfeited share account,
20
Suspense account, .
$120,883 57
$120,883 57
How are shares issued, — quarterly, semi-annually or annually? Semi
annually.
Number o f shares issued during the year.................................................653
Number of shares now in f o r c e , ...................................................2,833
Number of shares now borrowed upon,................................................... 1,224
Largest number of shares held by any one member, .
.
.
.
25
Number of shares withdrawn during the y e a r , ..................................852
Number of shares forfeited during the year, .
.
.,
.
.1 3
Amount o f dues received during the y e a r , ................................................... $36,597 00
Highest per centum of interest received during the year: 6.
Lowest per centum o f interest received during the year: 6.
Number o f members withdrawn during the yea r,.................................. 94
Present number of m em bers,.......................................................................447
Present number of b o r r o w e r s , .............................................................. 205
Present number of n o n - b o r r o w e r s ,...................................................... 242
Number of loans secured by first mortgage of real estate, .
.
. 114
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
196
BANK COMMISSIONERS’ REPORT.
[Jan.
Amount o f loans secured by first mortgage o f real estate.............................. $111,383 74
Number and amount of loans on s h a r e s , .......................................... 91
8,521 50
Largest loan to any one m e m b e r ,...................................................................
2,850 00
Smallest loan to any one m em ber,...................................................................
5 00
Amount o f expenses of the corporation for the year ending Oct. 31, 1890, .
398 70
Amount of profits credited to shares during the y è a r , .................................
5,776 50
Amount o f cash received during the y e a r , ..................................................
61,588 78
Amount of cash paid during the y e a r , ...........................................................
62,051 38
Date o f examination by commissioner : July 7.
Dee., 1881,
Dec., 1882,
June, 1883,
Dec., 1883,
June, 1884,
Dec., 1884,
June, 1885,
Dec., 1885,
June, 1886,
Dec., 1886,
June, 1887,
Dec., 1887,
June, 1888,
Dec., 1888,
June, 1889,
Dec., 1889,
June, 1890,
1
2
3
4
5
6
7
8
9
.
.
10
11
12
13
14
15
16
17
155
104
38
65
20
97
58
62
38
219
103
334
162
500
270
269
339
$135
116
107
98
90
82
74
66
58
51
44
37
30
23
17
31
53
61
88
45
08
14
36
77
36
22
24
41
81
37
11 10
5 00
Notices of withdrawal given, 41, payable
in November,
Dues paid in advance,
Total
Value.
Value per
Share.
D ate
I ssue.
of
No. of
Shares.
Series.
Reconciliation o f Share Account with Dues and Profits Capital.
$20,973
12,119
4,089
6,427
1,809
7,961
4,300
4,114
2,233
11,247
4,554
12,438
4,926
11,905
4,689
2,985
1,695
Dues capital, as per ledger, $104,869 00
Profits capital (all series),
14,166 84
as per ledger, .
1,177 00
Unpaid dues,
1,641 95
101 00
$120,212 84
Total, .
Co m m o n w ea lth
H am pden,
05
12
18
20
00
76
12
32
26
84
66
16
42
00
90
90
00
op
Total..............................
$120,212 84
M a s sa c h u s e t t s .
N ov . 17, 1890.
ss .
Personally appeared Olin C. Towle, Secretary of said bank, and made oath that the
foregoing report, by him subscribed, is true.
Before me,
Ham pden,
A r t h u r S. K n e il , Justice of the Peace.
N ov . 17, 1890.
ss .
Personallyappeared Olin C. Towle, Treasurer of said bank, and made oath that the
securities and cash specified in the foregoing report, by him subscribed, were held by
him at the date thereof.
Before me,
A r t h u r S. K n e i l , Justice of the Peace.
H am pden,
N ov . 17, 1890.
ss .
Personally appeared W . P. Breckenridge, President, and N. S Barnes, S. B. Camp
bell, A. W . Holton, W. S. Kellogg and J. B. Goodrich, directors of said bank, and
made oath that the above report is correct, according to their best knowledge and belief.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Before me,
A r t h u r S. K n e i l , Justice of the Peace.
1891.]
W EST
197
PUBLIC DOCUMENT — No. 8.
ROXBTJRY C O -O P ER ATIV E B A N K — (JAM A IC A
P L A IN ) BOSTON.
Incorporated Feb. 1, 1881. Commenced business March 3, 1881.
Capital to be accumulated, $1,000,000.
J o h n P e a r c e , President.
B e n j . H . J o n e s , Secretary.
E d w a r d M . B r e w e r , Treasurer.
Names of security committee:
E dw ard M . B r e w er,
H e n r y A. W
R. S. B a r r o w s ,
ood.
Regular meetings the first Thursday of each month.
B alance Sheet , October 31, 1890.
L ia b il it ie s .
A ssets.
Loans on real estate, .
Loans on shares,
Unpaid dues,
Unpaid interest, .
Unpaid premiums,
Unpaid fines,
Town of Watertown, Mass.,
bonds,
. . . .
Town of Andover, Mass.,
bonds,
. . . .
Loan on Town o f Winchester, Mass., bonds,
Cash in hands o f treasurer,.
$92,225
14,350
854
220
8
44
00
00
00
01
96
02
5,043 75
$105,682 00
Dues capital, . . .
.
15,189 02
Profits capital (all series),
305 23
Surplus,..................................
782 68
Guaranty fund,
18 44
Forfeited share account,
67 00
Advance dues,
Due borrowers on real estate
3,300 00
lo a n s ,..................................
5,200 00
7,000 00
398 63
$125,344 37
$125,344 37
How are shares issued, — quarterly, semi-annually or annually?
annually.
Number of shares issued during the year........................................
Number of shares now in f o r c e , ...................................................
Number o f shares now borrowed upon,...........................................
Largest number o f shares held by any one member, .
Number o f shares withdrawn during the year,
.
. . .
Amount o f dues received during the y e a r , ..................................
Highest per centum of interest received during the year: 7.
Lowest per centum of interest received during the year: 6.
Number o f members withdrawn during the year, .
Present number of mem bers,...........................................................
Present number of b o r r o w e r s , ...................................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Semi1,106
3,431
. 949
. 25
. 576
$40,288 00
. 77
. 423
. 94
198
BANK COMMISSIONERS’ REPORT.
Present number of n o n - b o r r o w e r s ,...................................................... 329
Number of loans secured by first mortgage of real estate, . . .
50
Amount of loans secured by first mortgage of real estate,
.
. . .
Number and amount of loans on shares...................................................... 44
Largest loan to any one m em b er,....................................................................
Smallest loan to any one m e m b e r , ............................................................
Amount of expenses of the corporation for the year ending Oct. 31, 1890, .
Amount o f profits credited to shares during the year, .
. . .
Amount o f cash received during the y e a r , ...................................................
Amount of cash paid during the y e a r , ............................................................
Date of examination by commissioner : September 30.
[Jan.
$92,225 00
14,350 00
5,000 00
50 00
755 98
6,087 98
55,977 24
59,612 08
Mar.,
Sept.,
Mar.,
Sept.,
Mar.,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
Nov.,
May,
1881,
1881,
1882,
1882,
1883,
1883,
1884,
1884,
1885,
1885,
1886,
1886,
1887,
1887,
1888,
1888,
1889,
1889,
1890,
.
.
.
.
.
.
.
.
.
.
.
.
.
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
10 $157 64
18
147 40
28
137 40
9
127 60
99
117 92
51
105 56
10
96 36
24
87 44
73
78 84
165
70 48
111
62 36
216
54 52
143
46 92
222
39 60
399
32 48
307
25 56
509
18 88
508
12 40
529
6 10
Total
Value.
Valueper
Share.
D ate
I ssue .
of
No. of
Shares.
Series.
Reconciliation o f Share Account with Dues and Profits Capital.
$1,576
2,653
3,847
1,148
11,674
5,383
963
2,098
5,755
11,629
6,921
11,776
6,709
8,791
12,959
7,846
9,609
6,299
3,226
Dues paid in advance,
Dues capital, as per ledger, $104,895 00
Profits capital (all series),
as per ledger, .
15,189 02
Unpaid dues,
854 00
67 00
Total, .
$120,938 02
Comm onw ealth
Suffolk,
40
20
20
40
08
56
60
56
32
20
96
32
56
20
52
92
92
20
90
ss .
of
Total.............................. $120,938 02
M assa ch u setts.
N o v . 6, 1890.
Personally appeared Benj. H. Jones, Secretary of said bank, and made oath that the
foregoing report, by him subscribed, is true.
Before me,
Suffolk,
ss.
C h a s . G. K e y e s , Justice of the Peace.
N ov . 6, 1890.
Personally appeared Edward M. Brewer, Treasurer of said bank, and made oath that
the securities and cash specified in the foregoing report, by him subscribed, were held by
him at the date thereof.
Before me,
Suffo lk ,
ss .
C h a s . G. K e y e s , Justice of the Peace.
N o v . 12, 1890.
Personally appeared John Pearce, President, and Bailey L. Page, Leopold Vogel
Roswell S. Barrows, Henry A. Wood and Daniel A. Brown, directors of said bank, and
made oath that the above 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 . G. K e y e s , Justice of the Peace.
1891.]
199
PUBLIC DOCUMENT — No. 8.
\
W H IT M A N C O -O P E R A T IV E B A N K — W H IT M A N .
Incorporated March 6, 1889. Commenced business March 11, 1889.
Capital to be accumulated, $1,000,000.
G e o . D. S o u l e , Secretary.
A m os S. S t e t so n , President.
G eo . D . S o u l e , Treasurer.
Names of security committee:
A rth u r Colem an,
I sa a c W . G il e s ,
Ch as. D . Na sh .
Regular meetings the second Monday of each month.
Balance Sheet , October 31, 1890.
L ia b il it ie s .
A ssets.
Loans on real estate, .
Permanent expense account,
Temporary expense account,
Cash in hands of treasurer,.
$11,700
155
11
49
00
00
13
81
$11,915 94
Dues capital.............................
Profits capital (all series),
Interest,..................................
Premiums,
. . . .
F i n e s , ..................................
Transfer fees,
Surplus,..................................
Guaranty fund,
Withdrawal profits,
$11,436
351
102
6
3
00
12
00
00
62
50
5 58
6 19
4 93
$11,915 94
How are shares issued, — quarterly, semi-annually or annually? Semi
annually.
Number o f shares issued during they e a r , ............................................... 544
Number o f shares now in f o r c e , ............................................................ 1,002
Number o f shares now borrowed u p o n , ................................................60
Largest number of shares held by any one member, .
.
.
.
25
Number o f shares withdrawn during the y e a r , .................................. 110
Amount o f dues received during the y e a r , '................................................... $9,224 00
Highest premium received during the y e a r ,...................................................
Lowest premium received during the y e a r , ...................................................
Number of members withdrawn during the year,
.
.
.
.
26
Present number of members.......................................................................... 187
Present number of b o r r o w e r s , ................................................................. 11
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
05
05
200
BANK COMMISSIONERS’ REPORT.
[Jan.
Present number o f n o n - b o r r o w e r s , ................................................... 176
Number of loans secured by first mortgage o f real estate, . . .
. 1 1
Amount of loans secured by first mortgage of real estate..............................$11,700 00
Largest loan to any one member, .
.
.
.
.
.
.
.
.
1,600 00
Smallest loan to any one member,....................................................................
200 00
Amount o f expenses of the corporation for the year ending Oct. 31, 1890, .
67 15
Amount o f profits credited to shares during the y e a r,................................
345 37
Amount o f cash received during the year, .
.
.
.
.
.
.
9,699 99
Amount of cash paid during the year, .
.
11,415 78
Date o f examination by commissioner: August 5.
Mar.,
Sept.,
Mar.,
Sept.,
330
140
298
234
$20
14
8
2
83
36
09
00
Total
Value.
1
2
3
4
1889,
1889,
1890,
1890,
Value per
Share.
I ssu e.
No. of
Shares.
D ate
o f
Series.
Reconciliation o f Share Account with Dues and Profits Capital.
$6,873
2,010
2,410
468
Dues paid in advance,
Dues capital, as per ledger,
Profits capital (all series),
as per ledger, .
Unpaid dues,
$11,436 00
351 12
118 00
142 00
Total, .
$11,905 12
Co m m o n w ea lth
P lym outh,
90
40
82
00
of
Total,
.
.
.
.
$11,905 12
M assach u setts.
N ov . 24, 1890.
ss .
Personally appeared George D. Soule, Secretary of said bank, and made oath that
the foregoing report, by him subscribed, is true.
Before me,
P lym outh ,
ss .
J o se p h P e t t e e , Jr., Notary Public.
N o v . 24, 1890.
Personally appeared George D. Soule, Treasurer of said bank, and made oath that
the securities and cash specified in the foregoing report, by him subscribed, were held
by him at the date thereof.
Before me,
P lym outh,
ss .
J o se p h P e t t e e , Jr., Notary Public.
N ov . 24, 1890.
Personally appeared Amos S. Stetson, President, and F. W. Osborne, W. H. Cook,
I. W. Giles, Arthur Coleman and Edward Grigor, directors of said bank, and made
oath that the above report is correct, according to their best knowledge and belief.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Before me,
J o se p h P e t t e e , Jr., Notary Public.
1891 .]
201
PUBLIC DOCUMENT — No. 8.
W O B U R N C O -O P E R A TIV E B A N K — W O B U R N .
Incorporated Feb. 21, 1887. Commenced business March 10, 1887.
Capital to be accumulated, $1,000,000.
J a m e s S k i n n e r , President.
A. W . W
h it c h e r ,
Secretary.
A. W . W h i t c h e r , Treasurer.
Names of security committee:
J. W . H a m m o n d ,
G eo. B u ch anan,
M a r t in H a y w a r d ,
T h o m a s Sa l m o n ,
S. B . G o d d a r d .
Regular meetings the second Thursday of the month.
B a l a n c e S h e e t , O c t o b e r 31, 1890.
L ia b il it ie s .
A ssets.
Loans on real estate, .
Loans on shares, .
Temporary expense account,
Suspense................................
Cash in hands of treasurer,.
$56,425
1,350
18
135
1,934
00
00
20
25
49
Dues capital............................
Profits capital (all series),
Interest,..................................
Premiums................................
Surplus....................................
Guaranty fund,
Forfeited share account,
Withdrawal profits,
Interest on deposits,
$59,862 94
How are shares issued, — quarterly, semi-annually or annually ? Semiannually.
. 402
Number of shares issued during the y e a r , ..................................
Number o f shares now in f o r c e , ...................................................
2,182
Number o f shares now borrowed upon............................................
415.
Largest number o f shares held by any one member, .
25
Number o f shares withdrawn during the year, .
.
.
.
339
Number o f shares forfeited during the year,
.
.
.
.
3
Amount o f dues received during the year.......................................
Highest premium received during the y e a r ,..................................
Lowest premium received during the y e a r , ..................................
Number o f members withdrawn during the year,
48
Present number o f m e m b e r s , ...................................................
380
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$54,558 00
4,329 34
240 63
17 30
458 99
142 88
66 21
40 18
9 41
$59,862 94
$26,232 00
15
05
[Jan.
BANK COMMISSIONERS’ REPORT.
202
Present number of b o r r o w e r s , ............................................................66
Present number o f n o n - b o r r o w e r s ,................................................... 314
Number o f loans secured by first mortgage of real estate, . . .
56
Amount of loans secured by first mortgage of real estate, .
.
.
.
$56,425 00
Number and amount of loans on s h a r e s , .................................... 10
1,350 00
Largest loan to any one member........................................................................
3,500 00
50
00
Smallest loan to any one member.........................................
Amount o f expenses of the corporation for the year ending Oct. 31, 1890, .
331 33
2,702
73
Amount of profits credited to shares during the y e a r ,..............
Amount of cash received during the y e a r , ...............................
34,973
32
Amount of cash paid during the y e a r ,........................................
33,438
02
Date o f examination by commissioner : April 2.
Mar.,
Oct.,
April,
Oct.,
April,
Oct.,
April,
Oct.,
1887,
1887,
1888,
1888,
1889,
1889,
1890,
1890,
1
2
3
4
5
6
7
8
.
.
.
.
.
.
.
.
482
242
210
210
293
458
187
100
$48
40
33
26
19
13
7
1
82
33
28
44
81
36
09
00
Total
Value.
Value per
Share.
D ate
I ssue .
of
No. of
Shares.
Series.
Reconciliation o f Share Account with Dues and Profits Capital.
$23,531
9,759
6,988
5,552
5,804
6,118
1,325
100
Dues paid in advance,
24
86
80
40
33
88
83
00
Dues capital, as per ledger,
Profits capital (all series),
as per ledger, .
Unpaid dues,
4,329 34
425 00
131 00
Total,
$59,312 34
Total, .
Co m m o n w e a l t h
M id d l e s e x ,
$54,558 00
of
.
.
.
.
$59,312 34
____ f______
M assach u setts.
ss.
N ov . 13, 1890.
Personally appeared Arthur W . Wliitcher, Secretary of said bank, and made oath
that the foregoing report, by him subscribed, is true.
Before me,
M
id d l e s e x
,
John
G.
M
a g u ir e
,
Justice of the Peace.
N ov . 13, 1890.
ss.
Personally appeared Arthur W . Whitcher, Treasurer of said bank, and made oath that
the securities and cash specified in the foregoing report, by him subscribed, were held
by him at the date thereof.
Before me,
M id d l e s e x ,
John
G.
M
a g u ir e
,
ss .
Justice of the Peace.
N ov . 13, 1890.
Personally appeared James Skinner, President, and S. B. Goddard, Martin Hay
ward, S. F. Trull, H. E. Smith and George Buchanan, directors of said bank, and made
oath that the above report is correct, according to their best knowledge and belief.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Before me,
John
G.
M
a g u ir e
,
Justice of the Peace.
8 91 .]
PUBLIC DOCUMENT — No. 8.
W OLLASTO N
203
C O -O P E R A TIV E B A N K — (W O LL A STO N )
Q U IN C Y .
Incorporated April 8, 1889. Commenced business April 16, 1889.
Capital to be accumulated, $1,000,000.
W
kndell
G.
C
orth ell
,
H
President.
e r b e r t W.
H
P
in k h a m
,
W.
erbert
P
in k h a m
,
Secretary.
Treasurer.
Names of security committee :
H
erbert
T.
W
h it m a n
A
,
lbert
Q
G.
Oln
ey
u in c y
A.
F
aunce
,
.
Regular meetings the third Tuesday of each month.
B a l a n c e S h e e t , O c t o b e r 31, 1890.
A ssets.
Loans on real estate, .
Loans on shares, .
Permanent expense account,
F in e s ,..................................
Cash in hands of treasurer, .
L ia b il it ie s .
$20,800
50
157
12
3,224
00
00
50
58
61
$24,244 69
Hues capital, . . .
.
Profits capital (all series),
Interest,..................................
Premiums,
. . . .
Surplus,..................................
Guaranty fund,
Withdrawal profits,
$23,181
877
115
13
23
25
9
00
34
14
70
42
00
09
$24,244 69
%
How are shares issued, — quarterly, semi-annually or annually ? Semi
annually.
Number o f shares issued during the y e a r , .............................................. 841
Number o f shares now in f o r c e , ..................................................
1,907
Number o f shares now borrowed u p o n , ...............................................114
Largest number o f shares held by any one member, .
.
.
.
25
Number o f shares withdrawn during the y e a r , ..................................... 442
Number of shares forfeited during the y e a r , ......................................... 5
Amount o f dues received during the y e a r , ................................................... $19,333 00
Highest premium received during the y e a r ,...................................................
40
Lowest premium received during the y e a r , ...................................................
05
Number o f members withdrawn during the year,
. . .
.
54
Present number o f m e m b e r s , ............................................................... 267
Present number o f b o r r o w e r s , .................................................................13
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
[Jan.
BANK COMMISSIONERS’ REPORT.
204
. 254
Present number o f n o n - b o r r o w e r s ,..................................
. 13
Number o f loans secured by first mortgage of real estate, .
.
Amount o f loans secured by first mortgage of real estate, .
1
Number and amount of loans on shares,
.
.
.
.
Largest loan to any one m em b er,...........................................
Smallest loan to any one member,...........................................
Amount of expenses of the corporation for the year ending Oct. 31, 1890, .
Amount of profits credited to shares during the year, .
Amount of cash received during the year, . . .
.
Amount of cash paid during the year......................................
Date of examination by commissioner: May 2.
$20,800 00
5000
3,250 00
50 00
26493
877 34
25,671 82
22,494 73
April,
Oct.,
April,
Oct.,
1889,
1889,
1890,
1890,
.
1
.
.
4
2
3
776
461
348
322
Total
Value.
Value per
Share.
D ate
I ssue .
of
No. of
Shares.
Series.
Reconciliation o f Share Account with Dues and Profits Capital.
$19 86
13 38
7 10
1 00
$15,411
6,168
2,470
322
Total,
.
.
.
.
Com
,
m onw ealth
oe
M
$23,181 00
877 34
381 00
$24,439 34
$24,439 34
Total, .
orfolk
Dues capital, as per ledger,
Profits capital (all series),
as per ledger, .
Unpaid dues,
67 00
Dues paid in advance,
N
36
18
80
00
assach u setts.
ss.
N
ov.
18,1890.
Personally appeared Herbert W. Pinkham, Secretary o f said bank, and made oath that
the foregoing report, by him subscribed, is true.
Before me,
F r e d e r i c k E. L i t c h f i e l d , Justice of the Peace.
N
orfolk
,
ss.
N
ov.
18,1890.
Personally appeared Herbert W. Pinkham, Treasurer of said bank, and made oath
that the securities and cash specified in the foregoing report, by him subscribed, were
held by him at the date thereof.
Before me,
F r e d e r i c k E. L i t c h f i e l d , Justice of the Peace.
N
orfolk
,
ss.
N
ov.
18,1890.
Personally appeared Wendell G. Corthell, President, and Smith B. Harrington, I. W.
Faunce, Wm. Fenton, A. L. Baker and W. E. Simmons, directors of said bank, and
made oath that the above 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 ic k
E.
L
it c h f ie l d
,
Justice of the Peace.
1891.]
PUBLIC DOCUMENT — No.
W ORCESTER
205
C O -O P E R A TIV E B A N K — W O R C E S T E R .
Incorporated Oct. 19, 1877. Commenced business Oct. 19, 1877.
Capital to be accumulated, $1,000,000.
Steph
en
C.
E
a rle
,
President.
T.
T. J.
J. H
a s t in g s ,
H
a s t in g s ,
Secretary.
Treasurer.
Names of security committee:
H
enry
B
rannon
,
H. H. B
M.
S. B
eam an
ig e l o w
,
.
Regular meetings the third Monday of each month.
B a l a n c e S h e e t , O c t o b e r 31, 1890.
A ssets.
L ia b il it ie s .
Loans on real estate, .
$326,825 00
Loans on shares, .
12,675 00
Temporary expense account,
357 52
21,294
39
Real estate by foreclosure, .
Suspense account,
2,264 95
Cash in hands o f treasurer,.
5,299 42
Dues capital, .
. . .
$306,152 00
56,754 86
Profits capital (all series),
Interest,..................................
1,869 50
64 53
F i n e s , ..................................
2 00
Transfer fees, . . . .
Surplus,..................................
2,495 74
1,300 00
Guaranty fund,
Forfeited share account,
77 65
$368,716 28
$368,716 28
How are shares issued,— quarterly, semi-annually or annually? Semi
annually.
Number of shares issued during the y e a r , ..................................2,570
Number of shares now in f o r c e - , ...................................................9,143
Number o f shares now borrowed upon.............................................1,640
Largest number o f shares held by any one member, .
.
.
.
25
Number of shares withdrawn during the year,
. . . .
1,822
Number o f shares forfeited during the year,
.
.
.
.
. 8
Number of shares retired during the y e a r , ...........................................284
Number of shares matured during the y e a r , .................................. 101
Amount of dues received during the year.........................................................$101,937 00
Highest per centum of interest received during the year: 8J.
Lowest per centum o f interest received during the year: 6.
Number o f members withdrawn during the year,
.
.
.
.
212
Present number o f members.............................................................. 1,064
Present number o f b o r r o w e r s , ...........................................................212
Present number o f non-borrowers,
.
.
.
.
.
.
.
852
Number o f loans secured by first mortgage of real estate, .
.
. 238
Amount o f loans secured by first mortgage of real estate, . . .
.
326,825 00
Number and amount of loans on s h a r e s , ........................................... 66 12,675 00
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
206
BANK COMMISSIONERS’ REPORT.
[Jan.
Largest loan to any one m em ber,.................................................................... $5,000 00
Smallest loan to any one m e m b e r , ...........................................................
50
Amount o f expenses o f the corporation for the 37ear ending Oct. 31, 1890, .
1,330
Amount of profits credited to shares during the y e a r ,.................................
21,243
Amount of cash received during the y e a r , ...................................................
223,076
Amount of cash paid during the year...............................................................
233,982
Date o f examination by commissioner: January 17.
00
42
58
22
28
.
.
.
.
.
.
.
.
.
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
.
.
.
.
.
.
.
.
Total
Value.
Oct., 1879,
Oct., 1880,
Oct., 1881,
Oct., 1882,
Oct., 1883,
April, 1884,
Oct., 1884,
April, 1885,
Oct., 1885,
April, 1886,
Oct., 1886,
April, 1887,
Oct., 1887,
April, 1888,
Oct., 1888,
April, 1889,
Oct., 1889,
April, 1890,
Oct., 1890,
Value per
Share.
D ate
I ssue .
of
No. of
Shares.
Series.
Reconciliation o f Share Account with Dues and Profits Capital.
80
75
200
146
101
279
339
159
379
408
468
430
516
611
859
858
1,050
1,280
905
$195 23
171 38
148 96
127 90
108 09
98 66
89 55
80 75
72 23
63 99
56 04
48 32
40 86
33 65
26 67
19 91
13 40
7 10
1 00
$15,618 40
12,853 50
29,792 00
18,673 40
10,917 09
27,526 14
30,357 45
12,839 25
27,375 17
26,107 92
26,226 72
20,777 60
21,083 76
20,560 15
22,909 53
17,082 78
14,070 00
9,088 00
905 00
Total,
$365,447 86
Total, .
Com
orcester
•
684 00
Dues paid in advance,
W
Dues capital, as per ledger, $306,152 00
Profits capital (all series),
56,754 86
as per ledger, .
2,541 00
Unpaid dues,
,
m on w ealth
of
M
.
.
.
.
$365,447 86
assach u setts.
ss.
N
ov.
10, 1890.
Personally appeared T. J. Hastings, Secretary of said bank, and made oath that
the foregoing report, by him subscribed, is true.
Before me,
W
orcester
,
ss.
M
a r v in
M. T
aylo r
,
Justice of the Peace.
N ov . 10,1890.
Personally appeared T. J.Hastings, Treasurer of s^id bank,
and made oath that
the securities and cash specified inthe foregoing report,by himsubscribed,
were held
by him at the date thereof.
Before me,
M a r v i n M . T a y l o r , Justice of the Peace.
W
orcester
,
ss.
N
ov.
10, 1890.
Personally appeared David Armitage, Daniel Parlin, J. B. Willard, T. Spencer
Jenks and Geo. W . Brooks, directors of said bank, and made oath that the above report
is correct, according to their best knowledge and belief.
Before me,
E d w a r d B. G l a s g o w , Justice of the Peace.
W
orcester
,
ss.
N
ov.
17, 1890.
Personally appeared Stephen C. Earle, President of the Worcester Co-operative Bank,
and made solemn affirmation that the above report is correct, to the best of his knowl
edge and belief.
E d w a r d B. G l a s g o w , Justice of the Peace.
Before me,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
1891.]
207
PUBLIC DOCUMENT — No. 8.
/
W O R K IN G M E N ’S C O -O P ER ATIV E B A N K - BOSTON.
Incorporated June 9, 1880. Commenced business June 11, 1880.
Capital to be accumulated, $1,000,000.
R
ob’t
T
reat
P
a in e
President.
,
F
F
r a n c is
B . Sears,
rank
E.
B
urbank
,
Secretary.
Treasurer.
Names of security committee:
G
eo
.
W.
P
ope
Jas. D.
,
H
enry
A. R
M
cL e l e a n
,
oot.
Regular meetings the second Friday of each month.
B a l a n c e S h e e t , O c t o b e r 31, 1890.
L ia b il it ie s .
A ssets.
$363,000 00
Loans on real estate, .
13,950 00
Loans on shares, .
992 28
Temporary expense account,
3,205 66
Real estate by foreclosure, .
Cash in hands o f treasurer, .
11,687 53
Cash in hands o f secretary,.
1,367 04
$327,366 00
Dues capital, . . . .
53,159 09
Profits capital (all series), .
8,307 18
Interest,
.
. . .
1,057 15
Premiums,
.
. . .
336 19
Fines.........................................
8 50
Transfer fees, .
.
.
.
2,285 02
Surplus,..................................
975 00
Guaranty fund,
83 61
Forfeited share account,
513 77
Withdrawal profits,
111 00
Retired share account, .
$394,202 51
$394,202 51
How are shares issued, — quarterly, semi-annually or annually ? Semiannually.
4,016
Number o f shares issued during the y e a r , ..................................
10,503
Number o f shares now in f o r c e , ...................................................
2,227
Number o f shares now borrowed u p o n , ..................................
. 25
Largest number o f shares held by any one member, .
2,187
Number o f shares withdrawn during the year, .
.
.
.
2
Number o f shares forfeited during the year,
. . .
.
. 58
Number of shares retired during the y e a r , ..................................
$119,417 00
Amount o f dues received during the y e a r , ..................................
25
Highest premium received during the y e a r ,..................................
.
05
Lowest premium received during the y e a r , ..................................
•
. 249
Number o f members withdrawn during the year,
1,305
Present number o f m e m b e r s , ...................................................
. 266
Present number o f b o r r o w e r s , ...................................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
[Jan
BANK COMMISSIONERS’ REPORT
208
Present number of n o n - b o r r o w e r s ,...........................................1,039
Number of loans secured by'first mortgage of real estate, .
.
. 222
$363,000 00
Amount o f loans secured by first mortgage of real estate, . . .
.
13,950 00
Number and amount of loans on s h a r e s , ...........................................46
5,000 00
Largest loan to any one m em b er,....................................................................
50 00
Smallest loan to any one m e m b e r , ...................................................
•
1,982 84
Amount of expenses of the corporation for the year ending Oct. 31, 1890, .
20,558 20
Amount of profits credited to shares during the y e a r ,..................................
214,152 47
Amount o f cash received during the y e a r , ...................................................
217,335 81
Amount o f cash paid during the y e a r ,...........................................................
Date of examination by commissioner : March 25.
June, 1880,
Dec., 1880,
June, 1881,
Dec., 1881,
June, 1882,
Dec., 1882,
June, 1883,
Dec., 1883,
June, 1884,
Dec., 1884,
June, 1885,
Dec., 1885,
June, 1886,
Dec., 1886,
June, 1887,
Dec., 1887,
June, 1888,
Dec., 1888,
June, 1889,
Dec., 1889,
June, 1890,
100
96
61
112
84
123
171
186
210
230
175
217
472
370
363
580
798
1,148
1,528
1,677
1,802
Total
Value.
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
Value per
Share.
No. of
Shares.
D ate
I ssue.
of
Series.
Reconciliation o f Share, Account with Dues and Profits Capital.
Dues capital, as per ledger, $327,366 00
Profits capital (all series),
53,159 09
as per ledger, .
4,324 00
Unpaid dues,
$177 64 $17,764 00
165 90
15,926 40
9,428 16
154 56
16,083 20
143 60
11,173 68
133 02
122 81
15,105 63
112 92
19,309 32
19,226 82
103 37
94 15
19,771 50
85 23
19,602 90
76 62
13,408 50
68 30
14,821 10
60 26
28,442 72
52 50
19,425 00
44 99
16,331 37
21,889 20
37 74
24,530 52
30 74
27,517 56
23 97
26,633 04
17 43
11 11
18,631 47
9,010 00
5 00
817 00
Dues paid in advance,
Total..............................
$384,849 09
Total, .
Com
Suffolk,
m on w ealth
of
M
$384,849 09
assach u setts.
. Nov. 8, 1890.
ss.
Personally appeared F. E. Burbank, Secretary of said bank, and made oath that the
foregoing report, by him subscribed, is true.
Before me,
S
uffolk
,
ss.
W
alter
H.
R
o berts,
Justice of the Peace.
N ov . 28, 1890.
Personally appeared Francis B. Sears, Treasurer of said bank, and made oath that
the securities and cash specified in the foregoing report, by him subscribed, were held
by him at the date thereof.
Before me,
M i l a n F. S t e v e n s , Justice of the Peace.
Suffolk,
ss.
N
ov.
28, 1890.
Personally appeared G. W . Pope, Vice-President, and M. S. Miller, John Denton, G.
N. Miller, Geo. S. Nowell and J. D. McLellan, directors of said bank, and made oath
that the above report is correct, according to their best knowledge and belief.
Before me,
M i l a n F. S t e v e n s , Justice of the Peace.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
1891.]
209
PUBLIC DOCUMENT — No. 8
CONSOLIDATED BALANCE SHEET,
O c t o b e r 31, 1890.
L ia b il it ie s .
A ssets.
$8,325,922 74
Loans on real estate, .
Loans on shares, .
363,793 50
15,410 40
Permanent expense account,
Temporary expense account,
8,719 04
49,833 19
Real estate by foreclosure, .
City and town notes and
51,778 56
bonds,
.
.
.
.
54,989 56
Sundry assets, .
.
Cash on hand,
.
.
*
394,386 35
$8,009,038 20
Dues capital,
1,070,812 07
Profits capital (all series),
86,006 21
Interest, . . . .
7,142 74
Premiums,
3,040 05
Fines,
. . . .
72 10
Transfer fees, .
Surplus, . . . .
25,967 15
Guaranty fund,
27,207 37
4,599 27
Forfeited share account, .
3,332 69
Withdrawal profits, .
31 73
Forfeiture profits,
27,583 76
Sundry liabilities,
$9,264,833 34
$9,264,833 34
111,487
Number o f shares issued during the year, .
302,623
Number o f shares now in force, . . . .
56,288
Number of shares now borrowed upon,
53,169
N umber of shares withdrawn during the year, .
1,026
Number o f shares forfeited during the year,
2,493
Number o f shares retired during the year, .
. 439
Number of shares matured during the year,
.
$3,352,534 61
Amount of dues received during the year, .
7,789
Number of members withdrawn during the year,
43,896
Present number of members,
.
. . .
7,803
Present number o f borrowers,
.
36,093
Present number o f non-borrowers,
6,548
Number of loans secured by first mortgage of real estate,
8,325,922 74
Amount of loans secured by first mortgage of real estate,
1,913
Number o f loans on s h a r e s , ..................................
363,793 50
Amount o f loans on shares,...........................................
51,546 08
Amount o f expenses of the corporation for the year ending Oct. 31, 1890, .
477,400 50
Amount o f profits credited to shares during the year,
5,495,085 43
Amount of cash received during the year, .
5,413,743 71
Amount o f cash paid during the year, .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
éJÜ
ST A T E M E N T S
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
212
[Jan.
BANK COMMISSIONERS’ REPORT.
C O LL A T E R A L L O A N CO M PAN Y — BOSTON.
Incorporated April 5, 1859.
F rancis D. Cobb , President.
L uther S. M oore , Cashier.
Directors:
E . H. B a tc h el er ,
F rancis D. Cobb ,
John P. L ym an ,
E. A. Jones ,
J ohn O. S h a w , Jr.
H armon H a l l , Director for the State.
A. G. H apgood , Director for the City.
B a l a n c e S h e e t , O c t o b e r 31, 1890.
A ssets.
L ia b il it ie s .
Cash on hand, .
Loans outstanding, .
$11,496 30
239,577 35
$251,073 65
Capital stock paid in ,.
Notes payable, .
Auction reserve,.
Reserve fund,
Profit and loss, .
Suspense (auction sale),
.
$150,000
23,900
2,784
39,411
20,447
14,529
00
00
25
53
95
92
$251,073 65
Date of examination : September 30.
L. S. M oore , Cashier.
Correct.
Attest :
S uffolk , ss .
H armon H a l l , State Director.
B oston, N ov. 8, 1890.
Then personally appeared Luther S. Moore, Cashier, and made oath that the fore
going statement, by him subscribed, is true, to the best of his knowledge and belief.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Before me,
Jo h n .O. S h a w , Jr., Notary Public.
1891 .]
213 '
PUBLIC DOCUMENT — No. 8.
W O R K IN G M E N ’S L O A N ASSO C IA T IO N — BOSTON.
Incorporated 1888.
R obert T reat P a in e , President.
C h as . W . H ubbard , Vice-President.
F rancis B. Sears , Treasurer.
A rth ur L ym a n , Clerk.
Ch as . H. W ashburn , Manager.
Directors :
E dmund B il l in g s ,
J. A rthur B eeb e ,
H en ry B. C abot ,
W m . E ndicott , 3d,
C h as . W . H u b b a r d ,
A rth u r S. Johnson ,
J oseph L e e ,
A rth ur L ym an ,
John F . M oors,
C h as . C. J ackson ,
R o bert T r e a t P a in e ,
R o b e r t T r e a t P a i n e , 2d,
F r a n c is B. S e a r s ,
S a m u e l C a r r , Jr.,
C h as . L. Y oung .
Balance S heet , October 31, 1890.
L ia b il it ie s .
A ssets.
Loans,
. . . .
Expense account,
Cash on hand, .
Dividend Number 4,
State tax, .
. . .
$102,240
2,508
2,958
2,355
1,164
84
54
52
00
94
$111,227 84
Capital stock,
Notes payable, .
Profit and loss account,
$78.500 00
25,000 00
7,727 84
$111,227 84
Date of examination: April 30.
F rancis B. S e a r s , Treasurer.
Approved:
S u ffolk , ss .
S amuel Ca r r , State Director.
B oston, Oct. J8, 1890.
Personally appeared the above-named Francis B. Sears, Treasurer, and made oath
that the foregoing statement, by him subscribed, is true, to the best of his knowledge
and belief.
F rancis S. T ent , Justice of the Peace.
Before me,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
214
BANK COMMISSIONERS’ REPORT.
GLOBE IN V E S T M E N T
[Jan
CO M PA N Y — BOSTON.
J. L ow ell M oore, Treasurer.
A llison Z. M ason , President.
B alance Sheet , October 31, 1890.
L ia b il it ie s .
A ssets.
Loans secured by first liens
on real estate, .
Loans secured by second
liens on real estate,
Tax sale certificates, .
Stocks and bonds,
Real estate acquired by foreclosure, . . . .
Furniture and fixtures,
Current expenses,
Remittances for interest matured within 60 days,
Other past due interest re
mitted for but not paid to
u s , ..................................
Past due loans remitted for
but not paid to us, .
Due from branch offices and
agents,
. . . .
Due from sundry persons, .
Cash on hand and in banks,
Bonds securing guaranty
fund....................................
Foreclosure account, .
Accrued interest,.
Notes secured by collateral,
Chattel note account, .
$474,992 54
144,394 91
4,765 73
9,759 37
67,928 13
2,605 81
40,483 16
22,279 56
104,848 85
43,570 33
861 19
19,897 66
28,352 84
19,151
8,961
17,512
2,183
400
Capital stock paid in,
Surplus fund, .
Guaranty fund,.
Undivided profits,
Bills payable, .
Debenture bonds outstanding,..................................
Interest paid in advance
by borrowers,
Due on coupons not presented, . . . .
Loans paid but not remitted
fo r,..................................
Deposits awaiting investment................................
Due to branch offices and
agents, . . . .
Due to banks and bankers,
Due on loans not presented,
Interest accrued on debentures, coupons of which
are not yet due,
$362,500
31,500
18,360
20,174
7,867
00
00
25
92
01
352,100 00
3,223 51
780 49
6,454 33
17,046 59
73,698 71
109,450 00
2,750 00
7,042 00
25
05
37
06
00
$1,012,947 81
$1,012,947 81
Date of examination : October 14.
Description o f Stocks and Bondp.
Par Value.
Glenwood Springs, Col., bonds,
Trinidad, Col., warrants, .
Fitchburg R.R. 1st mortgage 6s,
Fitchburg R R. 1st mortgage 5s,
City of Newton 4s, .
of Minneapolis 4s, .
of Cleveland 6s,
Eastern R.R. 6s,
. . .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$6,000
3,500
2,000
3.000
3.000
6.000
2,000
2,000
$27,500
Market Value.
$6,720
3.500
2,180
3,180
3,120
6,000
2,230
2.500
00
00
00
00
00
00
00
00
$29,430 00
Book Value.
$6,304
3,454
2,200
3,105
3,180
5,820
2,350
2,496
38
99
00
00
00
00
00
25
$28,910 62
1891.]
PUBLIC DOCUMENT — No. 8.
215
How much o f its capital stock is owned by officers of the company ? 223 shares.
How much, if any, o f the stock owned by its officers is pledged to the company as
collateral ? None.
State the sections of country in which loans are made, giving the principal counties:
Eastern half o f Kansas; North-western Missouri, including Kansas City; the follow
ing counties in Nebraska, — Antelope, Madison, Wheeler, Custer; eight counties in
Minnesota, o f which Douglas is the centre, all known as the “ Park Region; ” irrigated
portions of Colorado; Northern third of Arkansas; Northern half of Mississippi.
Total amount loaned to d a t e , ....................................................................$4,742,368 98
Total amount of loans p a i d , ....................................................................
516,705 90
Number and amount of loans extended the past two years,
.
. 15
7,401 67
Total amount o f loans unpaid and outstanding j GuaianteeLl’ ’
’
'
& ( Unguaranteed,
.
.
Total amount in process of f o r e c l o s u r e ,...................................................
Total amount of debentures certified,...........................................................
Less amount on hand and with a g e n t s , ...................................................
Total liability for debenture bonds..................................................................
2,611,255 56
1,614,407 52
36,584 24
352,600 00
500 00
352,100 00
I,
J. Lowell Moore, treasurer of the aforesaid company, do solemnly swear that the
foregoing statement is true, to the best of my knowledge and belief.
J. L o w e l l M o o r e , Treasurer.
Co m m o n w e a l t h
Suffolk,
of
M assa ch u setts.
ss .
Subscribed and sworn to before me, this tenth day of December, eighteen hundred and
ninety.
A r t h u r C a r r o l l , Notary Public.
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Federal Reserve Bank of St. Louis
216
BANK COMMISSIONERS’ REPORT
N A T IO N A L
M O R TG A G E A N D D E B E N TU R E
[Jan.
CO M PA N Y —
BOSTON.
G e o r g e M a y , Treasurer.
C a r k o l l N. B e a l , President.
B alance Sheet , October 31, 1890.
L ia b il it ie s .
A ssets.
Loans secured by first liens
on real estate,
Matured interest due on same,
Commission notes secured by
second liens on real estate,.
Tax sale certificates,
Stocks and bonds, .
Ileal estate acquired by foreclosure,
. . . .
Other real estate, .
Expenses on account of foreclosure,
.
.
.
.
Loans in process of foreclosure,
.
. . .
Furniture and fixtures, .
Current expenses, .
Premiums paid,
Commission and exchange
account,
. . . .
Past due interest remitted
for, but not paid to us, .
Due from branch offices and
agents,
.
.
.
.
Bills receivable,
Due from sundry persons, .
Due from banks and bankers,
C a s h , ..................................
Insurance premiums
advanced for clients,
Attorney fees advanced for
clients,
.
.
.
.
$703,314 40
23,348 33
47,671 97
13,738 51
25,366 66
31,999 78
. 1,440 00
500 05
18,790
4,210
15,042
4,738
21
49
67
32
950 70
37,997 25
7,910
1,019
5,194
933
182
71
31
28
38
73
$258,900 00
Capital stock paid in,
3,300 00
Guaranty fund,.
6,872 08
Undivided profits,
Reserve against deprecia25,368 36
tion,
. . .
.
63,000 00
Bills payable, .
Debenture bonds
out515,038 00
standing,
Interest due on coupons
672 86
not presented,
Due borrowers on loans in
1,888 79
process of completion, .
Certificates of deposit bear48,657 09
ing interest, .
Deposits awaiting invest495 00
ment,
.
.
.
.
Due to branch offices and
12,293
59
agents..............................
282 89
Due to banks and bankers,
6,632 05
Due to sundry persons,
1,686 01
Suspense account,
Mortgage loans held for
1,514 52
collection,
828 99
1,422 50
$946,601 24
$946,601 24
Date o f examination : November 1.
Description o f 8tocks and Bonds.
Par Value.
Kansas Land and Loan Co. stock, .
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Federal Reserve Bank of St. Louis
$76,100
Market Value.
Book Value.
-
$25,366 66
1891.]
PUBLIC DOCUMENT — No. 8
217
How much of its capital stock is owned by officers of the company ? $49,500.
How much, if any, o f the stock owned by its officers is pledged to the company as
collateral? None.
State the sections of country in which loans are made, giving the principal counties:
C o l o r a d o , — Arapahoe, Boulder, Carbon, Delta, Garfield, Grand, Grover, La Plata,
Morgan, Rio Blanco, Weld, Yuma; D a k o t a , — Beadle, Brookings, Brown, Clark,
Codington, Davison, Day, Edmunds, Hamlin, Lake, Lincoln, Marshall, McPherson,
Spink; K a n s a s , — Allen, Anderson, Butte, Chautauqua, Cherokee, Clark, Clay,
Coffey, Cowley, Crawford, Dickinson, Douglas, Edwards, Elk, Ellsworth, Ellis, Ford,
Garfield, Graham, Gray, Harvey, Harper, Hodgeman, Jackson, Jefferson, Kingman,
Kiowa, Lincoln, Lyon, Marion, Meade, Mitchell, Morris, Neosha, Osborn, Ottawa,
Pawnee, Pottawattomie, Pratt, Reno, Rice, Rooks, Rush, Russell, Saline, Shawnee,
Stafford, Wilson, Woodson; F l o r i d a , — Putnam; M a s s a c h u s e t t s , — Middlesex;
M i c h i g a n ,— Delta, Mackinaw, Schoolcraft; M in n e s o t a , — Murray, Pipestone; M is
so u r i , — Holt; N e b r a s k a , — Butler, Dodge, Hayes, Holt; W y o m in g , — Laramie.
Total amount loaned to date, a p p r o x im a tin g ,.......................................... $3,500,000 00
Total amount of loans paid, a p p r o x im a t in g ,..........................................
1,250,000 00
Number and amount of loans extended the past two years: Cannot
answer.
None.
Total amount o f loans unpaid and ( G u a r a n t e e d ,..................................
outstanding,
\ Unguaranteed, approximating,
. 2,250,000 00
Total amount in process of f o r e c l o s u r e , ...................................................
18,790 21
Total amount of debentures certified,...........................................................
535,038 00
Less amount on hand and with a g e n t s , ...................................................
20,000 00
Total liability for debenture b o n d s , ...................................................
.
515,038 00
I, George May, Treasurer of the aforesaid company, do solemnly swear that the fore
going statement is true, to the best of my knowledge and belief.
G e o r g e M a y , Treasurer.
Co m m o n w ea lth
S uffolk,
of
M assach u setts.
ss .
Subscribed and sworn to before me, this twelfth day of November, 1890.
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Federal Reserve Bank of St. Louis
C h a s . A l m y , Jr., Justice of the Peace.
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Federal Reserve Bank of St. Louis
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Federal Reserve Bank of St. Louis
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Federal Reserve Bank of St. Louis
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Federal Reserve Bank of St. Louis
APPENDIX.
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Federal Reserve Bank of St. Louis
STATUTES
R E L A T IN G TO
CO-OPERATIVE BANKS.
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Federal Reserve Bank of St. Louis
[Chapter 310;, Acts of 1890.]
An A ct
in relation to the business of co- operative banking .
Be it enacted, etc , as follow s:
Section 1. Except as is hereinafter provided, no person, association or corpo
ration shall carry on the business of accumulating the savings of its members and
loaning to them such accumulations in the manner of a co-operative bank within
this Commonwealth, unless incorporated under the laws thereof for such purpose.
Sect . 2. The board of commissioners of savings banks may authorize any
such association or corporation duly established under the laws of another state
to carry on such business in the Commonwealth, but said association or corpora
tion shall not transact such business in this Commonwealth unless it shall first
deposit with the treasurer of the Commonwealth the sum of twenty-five thousand
dollars and thereafter a sum equal to fifteen per cent, of the deposits made in such
association or corporation by citizens of the Commonwealth, the amount of per
centage of deposits so required to be determined from time to time by said board
of commissioners of savings banks; or in lieu thereof the whole or any part of
said sum may consist of any of the securities named in the first, second and third
clauses of section twenty of chapter one hundred and sixteen of the Public
Statutes and acts amendatory thereof, at their par value, and the said deposit shall
be held in trust by said treasurer for the protection and indemnity of the residents
of the Commonwealth with whom such associations or corporations respectively
have done or may transact business. Said moneys or property shall be paid out
or disposed of only on the order of some court of competent jurisdiction made on
due notice to the attorney-general of the Commonwealth, and upon such notice to
the creditors and shareholders of such association or corporation as the court shall
prescribe. For the purpose of ascertaining the business and financial condition
of any such association or corporation doing or desiring to do such business, said
board may make examinations of such associations or corporations at such times
and at such places as said board may desire, the expense of such examinations
being paid by the association or corporation examined, and may also require re
turns to be made to them in such form and at such times as they may elect. When
ever, upon examination or otherwise, it is the opinion of said' board that any such
association or corporation is transacting business in such manner as to be hazard
ous to the public, or its condition is such as to render further proceedings by it
hazardous to the public, said board shall revoke or suspend the authority given to
said association or corporation, 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 the Commonwealth.
Sect. 3. Every such person, association or corporation transacting business in
the Commonwealth at the time of the passage of this act shall, within sixty days
after such passage, conform to the requirements of this act.
Sect. 4. Whoever violates any provision of the preceding sections shall be
punished by a fine not exceeding one thousand dollars; and any provision thereof
may on petition be enforced by injunction issued by a justice of the supreme judi
cial court or of the superior court.
S ect. 5.
This act shall take effect upon its passage.
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Federal Reserve Bank of St. Louis
Approved M ay 2 1 , 1 8 9 0 .
P. S., CHAPTER 117.
[WITH AMENDMENTS AND ADDITIONAL LEGISLATION NOTED IN MARGIN,]
IN D EX.
SE C TIO N
1. Corporations for accumulation of
sadngs of members and lending
funds to members.
2. Agreement, what to set forth.
3. Name.
4. Corporation, how organized.
5. Limit of capital. Plans of issuing
stock, etc.
6. By-laws. Officers to hold office until
successors are elected. Office of
secretary and treasurer may be
held by one person.
7. Monthly meetings. Dues.
8. Withdrawal of shares.
C. Shares, when matured.
S ECTIO N
10. Moneys to be lent by monthly sales;
how invested, if unsold.
11. Premiums.
12. Interest.
13. Security.
14. Payment. Partial payments.
15. Pines. Forfeiture of shares.
16. Recovery of loan.
17. Books of account. Duties of treas
urer, etc.
18. Distribution of profits and losses.
Guaranty Fund.
19. Corporation may buy and sell real
estate.
20. Powers of savings bank commis
sioners.
for
S e c t i o n 1.
Twenty-five or more persons who associate Corporations
accumulation of
of mem themselves together by an agreement in writing with the savings
bers and lending
to mem
intention o f forming a corporation for the purpose of funds
bers.
1877, 224, § 1.
accumulating the savings o f its members paid into such 1890, 243.
corporation in fixed periodical instalments and lending to
its members the funds so accumulated shall, by and with
the consent of the Jboard of commissioners o f savings
banks, become a corporation upon complying with the
provisions of the three following sections.
Sect. 2.
The agreement shall set forth the fact that Agreement,
what to set
the subscribers thereto associated themselves with the forth.
1877, 224, § 2.
intention of forming a corporation ; the name by which
the corporation shall be known ; the purpose for which it
is formed ; the town or city, which shall be within this
Commonwealth, in which it is located ; and the limit of
capital to be accumulated.
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Federal Reserve Bank of St. Louis
vi
Name.
1877, 224, § 3.
“ Co-operative
saving fund and
loan associa
tions ” to be
known as “ Co
operative
Banks.”
1883, 98.
Public Statutes,
117. Title
amended.
1883, 98.
Co-operative
banks.
1883, 98.
Third section to
take effect .July
1, 1883.
Corporation,
how organized.
1877, 224, § 4.
APPEN D IX.
Sect. 3.
The name shall he one not previously in use
by any existing corporation established under the laws of
this Commonwealth, and shall be changed only by act
of the General Court. The words “ co-operative saving
fund and loan association” shall form a part of the
name.
Section three of chapter one hundred and seventeen of
the Public Statutes, relative to the name of co-operative
saving fund and loan associations, is hereby amended by
striking out the words “ co-operative saving fund and
loan association,” in the fourth line, and inserting in place
thereof the words “ Co-operative Bank.”
The title of said chapter one hundred and seventeen of
the Public Statutes is hereby amended by striking out the
words “ Saving Fund and Loan Associations,” and in
serting in place thereof the word “ Banks.”
The names of all co-operative saving fund and loan
associations heretofore organized are hereby changed by
striking; out in each the words “ saving fund and loan
association,” and inserting in place thereof the word
“ bank,” and they shall hereafter be known as “ co-opera
tive banks.”
The first and second sections of this act shall take effect
upon its passage, and the third section upon the first day
of July in the year eighteen hundred and eighty-three.
Sect. 4.
The provisions of sections eighteen, twenty,
and twenty-one of chapter one hundred and six shall
apply to such corporations, except that, in the certificate
signed by the secretary of the Commonwealth, the limit
of capital to be accumulated, as fixed in the agreement of
association, shall be inserted, instead of the amount of
the capital, that the certificate required by said section
twenty-one to be filed and recorded may be signed and
sworn to by the presiding and financial officers, and a
majority at least of the officers possessing the powers of
directors by whatever name they may be called, and that
the fees to be paid for filing and recording the certificates
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Federal Reserve Bank of St. Louis
APPEN D IX.
vi i
required by said section twenty-one, including the issu
ing of the certificate of organization, shall be five
dollars.
Sect. 5. The capital to be accumulated shall not ex Limit of capital.
1887, 216, § 1.
ceed one million dollars, and shall be divided into shares
of the ultimate value of two hundred dollars each. The
limitation of capital to be accumulated in any co-operative
bank now organized or hereafter formed under the provi
sions of chapter one hundred and seventeen of the Public
Statutes shall be held to apply to capital actually paid in,
and no such bank shall be restrained from issuing shares
so long as the capital actually paid in on shares is not in
of issning
excess of one million dollars. The shares may be issued Plans
stock, etc.
1877, 224, § 5.
in quarterly, half-yearly, or yearly series, in such amounts
and at such times as the members may determine. No
person shall hold more than twenty-five shares in the cap
ital of any one such corporation. No shares of a prior
series shall be issued after the issue of a new series.
Sect. 6. The number, title, duties and compensation By-laws.
Officers to hold
of the officers of the corporation, their terms of office, office until suc
cessors are
the time of their election, as well as the qualifications of elected.
1877, 224, §§ 6,
electors, and time of each periodical meeting of the officers 16.
and members, shall be determined by the by-laws; but
no member shall be entitled to more than one vote at any
election. All officers shall continue in office until their
successors are duly elected, and no corporation shall
expire from neglect on its part to elect officers at the time
prescribed by the by-laws.
persoD
In any co-operative bank now or hereafter formed One
may be both
secretary and
under the provisions o f chapter one hundred and seven treasurer.
teen of the Public Statutes, the offices of secretary and 1885, 121, § 1.
treasurer may be held by one and the same person.
Monthly meet Sect. 7. The officers shall hold stated monthly meet ings.
Dues.
224, }§ 5,
ings. At or before each of these meetings every member 1877,
7, 9.
271, § 1,
shall pay to the corporation, as a contribution to its capi 1881,
cl. 3.
tal, one dollar as dues upon each share held by him until
the share reaches the ultimate value of two hundred
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Federal Reserve Bank of St. Louis
vili
APPEN D IX.
dollars, or is withdrawn, cancelled, or forfeited. Payment
of dues on each series shall commence from its issue.
Withdrawal of
Sect. 8. A member may withdraw his unpledged
1887,216, § § 2 ,3 . s p a r e g at anytime by giving thirty days’ notice of his
intention so to do, written in a book held and provided
by the corporation for that purpose. Upon such with
drawal the shareholder’s account shall be settled as fol
lows ; — From the amount then standing to the credit of
the shares to be withdrawn there shall be deducted all
fines, a proportionate part of any unadjusted loss, to
gether with such proportion of the profits previously cred
ited to the shares as the by-laws may provide, and such
shareholders shall be paid the balance : provided, that at
no time shall more than one-half of the funds in the
treasury be applicable to the demands of withdrawing
members without the consent of the directors.
The
directors may, at their discretion, under rules made by
them, retire the unpledged shares of any series at any
time after four years from the date of their issue, by
enforcing the withdrawal of the same ; but whenever there
shall remain in any series, at the expiration of five years
after the date of its issue, an excess above one hundred
unpledged shares, then it shall be the duty of the directors
to retire annually twenty-five per centum of such excess
existing at said expiration of five years after the date of
its issue, so that not more than one hundred unpledged
shares shall remain in such series at the expiration of nine
years from the date of its issue, and thereafter the direct
ors may in their discretion retire such other unpledged
shares as they consider the best interests of the bank to
require : provided, that whenever under the provisions of
this section the withdrawal of shares is to be enforced the
shares to be retired shall be determined by lot, and the
holders thereof shall be paid the full value of their shares,
less all fines and a proportionate part of any unadjusted
loss; provided also, that shares pledged for share loans
shall be treated as unpledged shares.
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Federal Reserve Bank of St. Louis
A PPEN D IX.
IX
Shares may be issued in the name of a minor, and if so
issued may, at the discretion of the directors, be with
drawn, in manner as provided in section two of this act,
by such minor, the parent or guardian of such minor, and
in either case payments made on such withdrawals of
shares shall be valid. When a share or shares are held
by any one in trust for another, the name and residence
of the person for whom such share or shares are held shall
be disclosed ; and the account shall be kept in the name
of such holder as trustee for such person; and, if no
other notice of the existence and terms of such trust has
been given in writing to the corporation, in the event of
the death of the trustee, such shares may be withdrawn
by the person for whom such deposit was made or by his
legal representatives.
Sect. 9. When each unpledged share of a given series shares,^when
reaches the value of two hundred dollars, all payments of J,887;2n*§1>
dues thereon shall cease, and the holder thereof shall be i887,2i6,§5.
paid out of the funds of the corporation two hundred dol
lars thereof, with interest at the rate of six per cent, a
year from the time of such maturity to the time of pay
ment : provided , that at no time shall more than one-half
of the funds in the treasury be applicable to the payment
of such matured shares without the consent of the direct
ors ; provided fu rth er , that when any series of shares,
either pledged or unpledged, reaches maturity between
the dates of adjustment of profits, or whenever shares are
retired between such dates, the holders of such shares
shall in addition to the value thereof, be entitled to
interest at the rate of six per cent, per annum for
all full months from the date of the preceding adjust
ment.
Chapter one hundred and seventeen of the Public f8^ n2d5“ entStatutes is amended as follows, by adding to section
nine the following words: ‘ ‘ And that before paying
matured shares all arrears and fines shall be de
ducted.”
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Federal Reserve Bank of St. Louis
APPENDIX.
X
Moneys to be
lent by monthly
sales; howinvested, if
unsold.
1877, 224, § 7.
1881, 271, § 1,
cl. 4.
1890, 78.
Premiums.
1877, 224, § 12.
Interest.
1881, 271, § 1,
cl. 3.
Acts of 1882.
Chap. 251, § 2.
S e c t . 10. The moneys accumulated, after due allowance
made for all necessary and proper expenses and for the with
drawal of shares, shall, at each stated monthly meeting, be
offered to the members according to the premiums bid by
them for priority of right to a loan. Each member whose
bid is accepted shall be entitled upon giving proper security
to receive a loan of two hundred dollars for each share held
by him, or such fractional part of two hundred dollars as the
by-laws may allow. If a balance of money remains unsold
after a monthly sale, the directors may invest the same in
any of the securities named in the second clause of section
twenty of chapter one hundred and sixteen, or may loan the
same upon the shares of the corporation, on the approval of
the directors or investing committee thereof, at the highest
rate paid at the last preceding monthly sale of such moneys.
S ec t. 11.
Premiums for loans shall consist of a per
centage charged on the amount lent in addition to interest, and shall be deemed to be a consideration paid by
the borrower for the present use and possession of the
future or ultimate value of his shares, and shall, together
with interest and tines, be received by the corporation as
a profit on the capital invested in the loan, and shall be
distributed to the various shares and series of said capital
as hereinafter provided.
S e c t . 12.
A borrowing member, for each share bor
rowed upon, shall, in addition to his dues and monthly
premium, pay monthly interest on his loan at the rate of
six per cent, per annum until his shares reach the ulti
mate value of two hundred dollars each, or the loan has
been repaid; and when said ultimate value is reached,
said shares and loan shall be declared cancelled and satis
fied, and the balance, if any, due upon the shares shall be
paid to the member.
Any corporation organized under said chapter one hun
dred and seventeen may provide in its by-laws that the
bid for loans at its stated monthly meeting shall, instead
of a premium, be a rate of annual interest upon the sum
desired, payable in monthly instalments. Such bids shall
include the whole interest to be paid, and may be at any
rate not less than five per centum per annum.
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Federal Reserve Bank of St. Louis
APPENDIX.
Sect.
13.
xi
F o r e v e r y lo a n m a d e , a n o te
.
.
.
sec u red b y security.
J
1877, 224, § 8.
first mortgage
of real estate situated
in this Common- issi,
271, § 1,
& °
>
cl. 1.
wealth shall be given, accompanied by a transfer and 1889>159pledge of the shares of the borrower. The shares so
pledged shall be held by the corporation as collateral se
curity for .the performance of the conditions of said note
and mortgage. Said note and mortgage shall recite the
number of shares pledged and the amount of money
advanced thereon, and shall be conditioned for the pay
ment, at the stated meetings of the corporation, of the
monthly dues on said shares, and the interest and pre
mium upon the loan, together with all fines on payments
in arrears until said shares reach the ultimate value of two
hundred dollars each, or said loan is otherwise cancelled
or discharged : provided, that the shares, without other
security, may, in the discretion of the directors, be
pledged as security for loans, to an amount not exceeding
their value as adjusted at 'the last adjustment and valua
tion of shares before the time of the loan.
If the borrower neglects to offer security satisfactory to
the directors within the time prescribed by the by-laws,
his right to the loan shall be forfeited, and he shall be
charged with one month’s interest and one month’s pre
mium at the rate bid by him, together with all expenses,
if any, incurred; and the money appropriated for such
loan may be re-loaned at the next or any subsequent
meeting.
S e c t . 1.4 .
A b o r r o w e r m ajy r e pv ajy a lo a n at a njy t im e ,■> 1877>
Payment.
224> § llt
upon application to the corporation, whereupon, on settlement of his account, he shall be charged with the full
amount of the original loan, together with all monthly
instalments of interest, premium, and fines in arrears, and
shall be given credit for the withdrawing value of his
shares pledged and transferred as security; and the
balance shall be received by the corporation in full satis
faction and discharge of said loan: provided, that all
settlements made at periods intervening between stated
meetings of the directors shall be made as of the date of
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Federal Reserve Bank of St. Louis
,
, .
18 8 7 210 5 4
xii
APPEN DIX.
the stated meetings next succeeding such settlement; and
provided , that a borrower desiring to retain his shares and
ofnShare°srfeiture
■18, 7, 2. 4, § 13.
Recovery of
loan.
1882,251.
membership may at his option repay his loan without
claiming credit for said shares, whereupon said shares
shall be re-transferred to him, and shall be free from any
claim by reason of said cancelled loan. Partial payment
of loans on real estate made by any co-operative bank
may be received in sums of fifty dollars or any multiple
thereof; and for each two hundred dollars so repaid one
share of stock shall be released from pledge.
S e c t . 15.
Members who make default in the payment
their monthly dues, interest and premiums, shall be
charged a fine not exceeding two per cent, a month on
each dollar in arrears. No fines shall be charged after the
expiration of six months from the first lapse in any such
payment, nor upon a fine in arrears. The shares of a
member who continues in arrears more than six months
shall, at the option of the directors, if the member fails
to pay the arrears within thirty days after notice, be de
clared forfeited, and the withdrawing value of the shares
at the time of the first default shall be ascertained, and,
after deducting all fines and other legal charges, the bal
ance remaining; shall be transferred to an account to be
designated the “ Forfeited Share Account,” to the credit
of the defaulting member. Said member, if not a bor
rower, shall be entitled, upon thirty days’ notice, to
receive the balance so transferred without interest from
the time of the transfer, in the order of his turn, out of
the funds appropriated to the payment of withdrawals.
All shares so forfeited or transferred shall cease to partici
pate in any profits of the corporation accruing after the
last adjustment and valuation of shares before said first
default.
S e c t . 16.
If a borrowing
member is in arrears for
°
dues, interest, premium or fines for more than six months,
the directors may, at their discretion, declare the shares
forfeited, after one month’s notice, if the arrears continue
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Federal Reserve Bank of St. Louis
APPENDIX.
X lll
unpaid. The account of such borrowing member shall
then be debited with the arrears of interest “ premium”
and fines of date of forfeiture,7 and the ^shares shall be 1885,
Amendm
ent.
121, § 4.
credited upon the loan at their withdrawing value. The
balance of the account may, and after six months shall, be
enforced against the security, and be recovered as secured
debts are recovered at law.
S e c t . 17.
The general accounts of every such corpo- Books of ac.
ration shall be kept by double entry. All moneys of treasurer,
received by the corporation from each member shall be 1877>22i>§14receipted for by persons designated by the directors, in
a pass-book provided by the corporation for the use of,
and to be held by, the member; and said pass-book shall
be plainly marked with the name and residence of the
holder thereof, the number of shares held by him, and
the number or designation of the series or issue to
which said shares respectively belong, and the date of
the issue of such series. All moneys so received shall be
originally entered by the proper officer in a book to be
called the “ cash-book,” to be provided by the corpora
tion for the purpose, and the entries therein shall be so
made as to show the name of the payer, the number of
shares, the number or designation of the series or issues
of the particular share or shares so entered, together with
the amount of dues, interest, premiums and fines paid
thereon, as the case may be. Each payment shall be
classified and entered into a column devoted to its kind.
Said cash-book shall be closed after the termination of
each stated meeting, and shall be an exhibit of the receipts
of all moneys paid at said meeting. All payments made
by the corporation for any purpose whatsoever shall be
by order, check or draft upon the treasurer, signed by the
president and secretary, and endorsed by the persons in
whose favor the same are drawn. The name of the payee,
the amount paid, and the purpose, object or thing for
which the payment is made, together with its date, shall
be entered on the margin of said order, check or draft.
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Federal Reserve Bank of St. Louis
X IV
APPEN D IX.
The treasurer shall dispose of and secure the safe keeping
of all moneys, securities, and property of the corporation,
in the manner designated by the by-laws, and the treas
urer and secretary shall give such security for the faithful
performance of their respective duties as the by-laws may
direct.
Distribution of
S e c t . 18.
The profits and losses may be distributed
profits and
losses.
annually,
semi-annually
or quarterly, to the shares then
1881, 271, § 1,
cl. 2.
existing, but shall be distributed at least once in each
year, and whenever a new series of shares is to be issued.
Profits and losses shall be distributed to the various shares
existing at the times of such distribution, in proportion
to their value at that time, and shall be computed upon
the basis of a single share fully paid to the date of distri
bution. Losses shall be apportioned immediately after
their occurrence.
Guarantee fund
At each periodical distribution of profits the directors
to be reserved
from profits.
shall
reserve as a guaranty fund a sum not less than one
1885, 121.
nor more than five per cent, of the net profits accruing
since the next preceding adjustment, until such fund
amounts to five per cent, of the dues capital, which fund
shall thereafter be maintained and held; and said fund
shall be at all times available to meet losses in the business
of the corporation from depreciation of its securities or
otherwise.
Corporation
S e c t . 19.
Any such corporation may purchase at any
may buy and
sell real estate.
sale, public or private, any real estate upon which it may
1877, 224, § 17.
have a mortgage, judgment, lien or other incumbrance, or
in which it may have an interest; and may sell, convey,
lease or mortgage, at pleasure, the real estate so purchased
to any person or persons whatsoever. All real estate so
acquired shall be sold within five years from the acquisi
tion of the title thereto.
Powers of sav
S e c t . 20.
The commissioners of savings banks shall
ings bank
commissioners. perform, in reference to every such corporation, the same
1879, 129, §§ 1,2.
duties, and shall have the same powers, as are required of
or given to them in reference to savings banks, and shall
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Federal Reserve Bank of St. Louis
APPEN D IX.
xv
annually make report to the general court of such facts
and statements respecting such associations, and in such
forms as they deem that the public interest requires.
Every officer of such corporation shall answer truly all
inquiries made, and shall make all returns required by the
commissioners.
•A n A ct
r e l a t in g
(Section
2
to
co - o p e r a t iv e
banks.
of Chapter 159, Acts of 1889.)
Every co-operative bank shall annually within twenty
days after the last business day of October make a return
to the commissioners of savings banks in such form as
may be prescribed by them, showing accurately the con
dition thereof at close of business on said day, which re
turn shall be signed and sworn to by the secretary and
treasurer of such corporation. The president and five or
more of the directors shall certify and make oath that the
report is correct according to their best knowledge and
belief.
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Federal Reserve Bank of St. Louis
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Federal Reserve Bank of St. Louis
STATUTES
R E L A T IN G TO
MORTGAGE LOAN AND INVESTMENT
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Federal Reserve Bank of St. Louis
COMPANIES.
■
i -üü
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Federal Reserve Bank of St. Louis
♦
A.ÜST A C T
IN R E L A T IO N TO
MOKTGrAGE LOAN AND INVESTMENT COMPANIES.
(Chapter 387, Acts o f 1888.)
S e c t io n
lish e d
E v e r y c o r p o ra tio n n o w o r h e re a fte r e s t a b
1.
under
th e la w s
o f th is
C o m m o n w e a lth
fo r
th e
sp ec ia l p u r p o s e o f n e g o tia tin g o r m a k in g lo a n s o f m o n e y
se c u re d b y d e e d o f tr u s t o r m o r tg a g e o f rea l e sta te situ
a ted o u tsid e
of
th is
C o m m o n w e a lth , m a y
e x e r c ise and
e n jo y a ll th e p o w e r s , an d sh all b e g o v e r n e d b y th e p r o
v is io n s
and
be
su b je c t
to
the
d u tie s, re str ic tio n s
and
lia b ilitie s p r e sc r ib e d in th is act an d a n y a cts w h ich m a y
h erea fter b e p a sse d in a m e n d m e n t o r lie u th e r e o f.
A ll
su ch c o rp o ra tio n s h e r e to fo r e ch a rtered sh all c o n tin u e to
e x e r c ise an d e n jo y th e ir p o w e r s a n d p r iv ile g e s a c c o r d in g
to th e ir r e s p e c tiv e ch a rte rs, and sh all b e su b je c t to a ll th e
lia b ilitie s
im p o s e d
by
p o w e r s , p r iv ile g e s a n d
th e
sa m e ,
except
so fa r as
said
lia b ilitie s are m o d ifie d and c o n
tr o lle d b y th e p r o v isio n s o f th is a ct.
S e c t . 2.
E v e r y su ch co rp o ra tio n m a y m a k e lo a n s o f
m o n e y sec u red b y d e e d o f tr u st o r m o r tg a g e o f real esta te
situ a ted in a n y s ta te , o th e r th an th is C o m m o n w e a lth , o r
te r r ito r y o f th e U n it e d S ta te s to an a m o u n t n o t e x c e e d in g
fifty p e r c e n t, o f th e a p p ra ised v a lu e o f said p r o p e r t y ;
b u t n o lo a n sh all b e m a d e on a n y p r o p e r ty su b je c t to a
p r io r m o r t g a g e , e n cu m b ra n ce o r lie n .
E v e r y su ch c o r
p o r a tio n m a y a lso h o ld , sell and a ssig n th e b o n d s , n o t e s ,
m o r tg a g e s a n d se c u ritie s ta k e n fo r su ch lo a n s ; m a y g u a r
an tee th e p a y m e n t o f th e in te r e st an d p r in c ip a l o f a n y
b o n d s , n o te s o r o th e r e v id e n c e s o f d e b t se c u re d as a fo re
s a id , an d m a y g u a ra n te e th e title t o th e p r o p e r ty se c u r in g
su ch e v id e n c e s o f
u n p a id :
debt
fo r th e
tim e
su ch d e b t r em a in s
p r o v id ed , th a t n o th in g co n ta in e d in th is a ct sh all
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Federal Reserve Bank of St. Louis
A P P E N D IX .
XX
b e c o n stru e d as a u th o rizin g su ch c o r p o ra tio n s to e n g a g e
in th e b u sin e ss o f title in su ra n c e.
Sect. 3.
E v e r y su ch c o r p o ra tio n m a y p u rc h a se , h o ld ,
g u a r a n te e , s e ll and a ssig n n o te s o r b o n d s , and th e m o r t
g a g e s o r d e e d s o f tr u s t se c u r in g th e sa m e , or o th er p a p e rs
se c u r in g a n y lo a n m a d e b y a n y in d iv id u a l, firm , c o r p o r a
tio n o r a sso c ia tio n , p r o v id e d su ch loan
sh a ll h av e b e e n
m a d e in a cco rd a n c e w ith th e c o n d itio n s u n d e r w h ich su ch
c o r p o ra tio n s can m a k e lo a n s, as p r e sc r ib e d in se c tio n tw o
o f th is a ct.
Sect. 4.
E v e r y su ch co rp o ra tio n
m a y re c e iv e m o n e y
fr o m a n y in d iv id u a l, firm , c o rp o ra tio n o r a sso c ia tio n , fo r
in v e s tm e n t in th e sec u rities w h ic h
by
th is a ct a u th o rize d
to
se ll
su ch c o r p o ra tio n s are
o r is s u e , and
m ay
a llo w
in te r e st on su ch m o n e y fr o m th e tim e o f its r e c e ip t to th e
tim e o f its in v e s tm e n t as a fo re sa id , at su ch rate fis m a y
b e a g re e d u p o n ; m a y r e c e iv e , care fo r , m a n a g e an d sell
s to c k s , b o n d s and ev id e n c e s o f d e b t, th e a v a ils o f w h ich
are in te n d e d fo r in v e stm e n t as a fo re sa id .
No
su ch c o r
p o r a tio n sh all re c e iv e m o n e y on d e p o s it , e x c e p t as h e r e in
b e fo re p r o v id e d , o r e n g a g e in a n y fo r m o f b a n k in g o r tr u st
b u sin e ss o th e r than as p e r m itte d b y th e te r m s o f th is a c t.
Sect.
5.
E v e r y su ch c o rp o ra tio n m a y act as a g e n t fo r
th e p u r p o se o f fo r e c lo s in g m o r tg a g e s and c o lle c tin g cla im s
a risin g b y rea so n o f a n y e v id e n c e o f d e b t d e p o site d w ith
it u n d er th e p r o v isio n s o f se c tio n fo u r o f th is act ; m a y
p u rch ase real
e sta te
at a n y p u b lic
a u c tio n
sale th e r e o f
m a d e b y v irtu e o f th e p o w e r co n ta in e d in a n y d eed o f
tr u s t o r m o r tg a g e o w n e d , h e ld o r g u a r a n te e d b y i t , o r at
a p riv a te sale th e r e o f m a d e fo r th e p u r p o s e o f ca n c e llin g
th e
debt
sec u red b y a n y su ch
deed o f
tr u s t
or
m o r t
g a g e ; m a y h o ld , s e ll, tr a n sfe r a n d c o n v e y said p r o p e r ty :
p ro v id ed , all rea l e sta te p u rch a se d o r a cq u ire d u n d e r th e
p r o v is io n s o f th is sec tio n sh all b e so ld w ith in five y e a r s
a fte r su ch p u rch ase o r a c q u isitio n .
Sect.
6.
E very
su ch
c o r p o ra tio n
m a y issu e
deben
tu re s o r b o n d s , to sec u re th e p a y m e n t o f w h ic h , su ch c o r -
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Federal Reserve Bank of St. Louis
APPEN D IX.
p o r a tio n shall fr o m
xxi
tim e to tim e a ssig n , tra n sfe r and set
o v e r to tr u s te e s , n on e o f w h o m
sh all b e officers o f th e
c o r p o ra tio n , o r to a tr u st c o m p a n y esta b lish e d u n d e r th e
law s o f th is C o m m o n w e a lth , d eed s o f tr u s t or m o r tg a g e s
o f rea l esta te on w h ich lo a n s h av e b een m a d e in a cco rd
ance w ith th e p r o v isio n s o f th is a c t, to b e h eld b y su ch
tr u ste e s o r c o m p a n y in tr u st fo r th e b en efit o f the h o ld e rs
o f said d e b e n tu re s or b o n d s , w h e re u p o n su ch tru ste e s o r .
c o m p a n y sh all in d o rse th e ir or its certificate o f su ch fact
u p o n d e b e n tu r e s o r b o n d s n o t e x c e e d in g in a m o u n t th e
face v a lu e o f sec u ritie s so tra n sfe rred to th em o r it.
Sect.
7.
T h e to ta l a m o u n t o f m o r tg a g e s g u a ra n te e d
an d o f d e b e n tu re s or b o n d s issu e d b y a n y su ch c o r p o ra
tio n sh all at n o tim e b e in e x c e ss o f ten tim e s th e a m o u n t
o f its ca p ita l s to c k a c tu a lly p a id in and its su rp lu s.
Se c t. 8.
ta k e n
A l l b o n d s , n o te s an d o th e r e v id e n c e s o f d e b t
b y su ch
c o r p o ra tio n
fo r
m o n e y lo a n e d
sh all
be
p a y a b le to su ch c o rp o ra tio n at its p rin c ip a l p la c e o f b u si
n ess
w ith in
th is
C o m m o n w e a lth , and
sh all
p a ss
b y de
li v e r y , b y tra n sfe r on th e b o o k s o f su ch co rp o ra tio n at
its p r in c ip a l p la c e o f b u sin e ss w ith in th is C o m m o n w e a lth ,
o r b y certificate o f its tra n sfe r a g e n t at su ch o th e r p lace
as it m a y a p p o in t.
N o tra n sfe r e x c e p t on th e b o o k s o f
th e
by
c o r p o ra tio n
or
certificate
of
its tra n sfe r
a g e n t,
sh all b e v a lid u n le ss th e last tra n sfe r sh all h a v e b e e n to
b e a re r.
A c o m p le te r e c o r d o f su ch tra n sfe r b y said tran s
fe r a g e n ts sh all b e fo rw a rd e d to an d k e p t a t th e p rin c ip a l
p la c e o f b u s in e s s o f su ch c o rp o ra tio n w ith in
th is
C om
m o n w e a lth .
S e c t . 9.
E v e r y such c o r p o ra tio n m a y h o ld real estate
w ith in th is C o m m o n w e a lth su ita b le fo r th e tra n sa ctio n o f
its b u s in e s s , to an a m o u n t n o t e x c e e d in g t w e n ty -fiv e p e r
c e n t, o f its ca p ita l a c tu a lly p a id in .
S
ect
. 10.
N o su ch c o r p o ra tio n sh all be th e p u rch ase r
o r h o ld e r o f a n y o f th e sh ares o f its o w n ca p ita l s to c k ,
u n le s s su ch p u rch ase sh all b e n e c e ssa r y to p r e v e n t lo ss
u p o n a d e b t p r e v io u s ly c o n tra c te d in g o o d faith ; an d s to c k
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Federal Reserve Bank of St. Louis
xxii
A P P E N D IX .
so p u rc h a se d sh a ll, w ith in s ix m o n th s fr o m th e tim e o f its
p u r c h a se , b e
so ld
or
d isp o se d
of
a t p u b lic
or
p r iv a te
sa le .
S e c t . 11.
T h e sh a reh o ld ers o f e v e r y su ch c o r p o ra tio n
sh all b e h e ld in d iv id u a lly lia b le in th e sam e m a n n e r an d
to th e sa m e e x t e n t, an d n o t o th e r w ise , as sto c k h o ld e r s o f
m a n u fa c tu rin g co rp o ra tio n s
are
or
m ay
u n d e r th e la w s o f th is C o m m o n w e a lth .
c o n ta in e d in se c tio n s s i x t y -t w o to
be
h e ld
lia b le
T h e p r o v is io n s
s e v e n t y -o n e in c lu siv e
o f ch a p te r o n e h u n d re d a n d s ix o f th e P u b lic S ta tu te s sh all
a p p ly to an d r e g u la te th e e n fo r c e m e n t o f th is lia b ilit y .
S e c t . 12.
E v e r y su ch co rp o ra tio n sh a ll se t a p art as a
g u a r a n ty fu n d a su m
n o t le ss th an live p e r c e n t,
o f its
p a id in c a p ita l, and sh all th e re a fte r a n n u a lly ad d th e r e to
a s u m n o t le ss th an ten p e r c e n t, o f its n et e a r n in g s , u n til
su ch fu n d , w ith th e a cc u m u la te d in te r e st th e r e o n , sh all b e
eq u a l to n o t le ss th an t w e n t y -liv e p e r c e n t, o f its p a id in
c a p ita l.
S a id fu n d
sh all
be
in v e s te d
in U n it e d
S ta te s
b o n d s ; E n g lis h c o n so ls ; first m o r tg a g e b o n d s o f a n y ra il
ro a d c o r p o ra tio n w h ich has p a id a d iv id e n d on its sto c k
fo r at le a st th re e y e a r s n e x t p r e c e d in g th e date o f sa id
i n v e s t m e n t ; in th e le g a lly a u th o riz e d b o n d s fo r m u n ic ip a l
p u r p o se s o f a n y c it y o f th e U n it e d S ta te s o f n o t le ss th an
t h ir t y
th o u sa n d
in h a b ita n ts
sh a ll n o t e x c e e d five p e r c e n t,
w h o se
w h o le
in d e b te d n e ss
o f its la st a sse sse d v a lu a
tio n ; o r in a n y se c u rities in w h ich sa v in g s b a n k s o f th is
C o m m o n w e a lth are a llo w e d to in v e s t.
S e c t . 13.
T h e b o o k s o f e v e r y su ch c o r p o ra tio n sh all
a t a ll re a so n a b le tim e s b e o p e n fo r in sp e c tio n to th e s t o c k
h o ld e r s and to all h o ld e r s o f b o n d s and d e b e n tu r e s issu e d
b y su ch c o r p o r a tio n , o r o f n o te s an d o th e r e v id e n c e s o f
d e b t g u a ra n te e d b y su ch c o r p o r a tio n .
S e c t . 14.
T h e c o m m issio n e r s o f s a v in g s b a n k s sh all
h av e acce ss to th e v a u lt s , b o o k s and p a p e r s o f e v e r y su ch
c o r p o r a t io n ; an d it sh all b e
th e ir
d u t y to
in s p e c t, e x
a m in e an d in q u ire in to its affairs an d ta k e p r o c e e d in g s in
re g a r d to th e m at su ch tim e s as th e y sh a ll d e e m n e c e s s a r y ,
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Federal Reserve Bank of St. Louis
xxm
A P P E N D IX .
in th e sam e m a n n e r and to th e sam e e x te n t as i f su ch
c o rp o ra tio n w a s a sa y in g s b a n k , su b je c t to all th e
law s
w h ich are n o w o r h erea fter m a y be in fo rce r e la tin g to
su ch in s titu tio n s in th is re g a rd :
p rov id ed , however, said
c o m m is s io n e r s m a y cau se a n y e x a m in a tio n to b e m a d e b y
an e x p e r t u n d e r th e ir d ire c tio n b u t at th e e x p e n se o f th e
c o r p o ra tio n .
E very
su ch
co rp o ra tio n
sh all
a n n u a lly ,
w ith in ten d a y s a fter th e la st b u sin e ss d a y o f O c t o b e r ,
m a k e a retu rn to said c o m m is s io n e r s , w h ich re tu rn shall
b e in th e fo r m
o f a tria l b a la n ce o f its b o o k s , an d sh all
s p e c ify th e d ifferen t k in d s o f its lia b ilitie s and th e d iffer
en t k in d s o f its a s se ts, sta tin g th e a m o u n t o f each k in d in
a cco rd a n c e w ith a b la n k
fo r m
to
be
fu rn ish ed
b y said
c o m m is s io n e r s , and su ch ann u al retu rn s sh all b e p u b lish e d
in a n e w sp a p e r o f th e c ity o r to w n w h ere su ch c o rp o ra tio n
is lo c a te d , at th e e x p e n se o f su ch c o r p o r a tio n , at
tim e s and in su ch m a n n e r as m a y b e
c o m m is s io n e r s .
d ire c te d
by
su ch
said
S a id c o m m issio n e r s shall a n n u a lly m a k e
r e p o r t to th e g e n e ra l co u rt o f su ch facts and sta te m e n ts
r e s p e c tin g su ch c o r p o r a tio n s, an d in su ch fo r m s as th e y
d e e m th at th e p u b lic in te re st r e q u ire s.
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Federal Reserve Bank of St. Louis
»
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■'/'•«?•->*
111 , '
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;
; ' (
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' . :^ v v : : / km
- f '- M f i ¡¡¿L
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Federal Reserve Bank of St. Louis
75
v * ' "
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i t
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Federal Reserve Bank of St. Louis
GENERAL
INDEX.
PA G E
General remarks on Co-operative B a n k s , .............................................
iii
“
“
Loan C om p a n ies,.......................................................
ix
“
“
Mortgage, Loan and Investment Companies,
ix
.
Annual Eeports o f Co-operative B a n k s , .............................................5-207
“
“
Loan Companies.............................................................212-213
“
“
Mortgage, Loan and Investment Companies,
.214-217
Aggregate Statement o f Co-operative B a n k s , .................................... 209
A P P E N D I X PA G E
Statutes relating to Co-operative B a n k s , .............................................
“
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Federal Reserve Bank of St. Louis
“
Mortgage, Loan and Investment Companies,
.
iii
xix
IN D EX
X X V ll
IN D E X TO THE ANNUAL REPORTS.
[Alphabetically by Location.]
CO-OPERATIVE BANKS.
CORPORATE
L O C A T IO N .
Amesbury, .
Arlington, .
Athol.............................
Baldwinsville,
Beverly,
Boston,
1
Brockton,
Cambridge, .
Chelsea,
Clinton,
Dedham,
East Cambridge,
Everett,
.
Fall River, .
Fitchburg,
.
Foxborough,
Franklin,
Gardner,
Gloucester, .
Grafton,
Great Barrington,
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Federal Reserve Bank of St. Louis
PAGE
NAM E.
Amesbhry Co-operative Bank,
44
Arlington
“
44
Athol
“
4«
Baldwinsville
“
44
Beverly
“
(4
Allston
“
44
Boston
“
44
Dorchester
“
44
Enterprise
“
44
Federal
“
44
Germania
“
44
Guardian
“
44
Homestead
“
44
Merchants’
“
44
Pioneer
“
44
Roxbury
“
44
Suffolk
44
Volunteer
“
44
West Roxbury “
44
Workingmen’s “
44
Campello
“
Security
“
44
Reliance
“
44
Provident
“
“
Clinton
“
44
Dedham
“
44
Cambridge
“
44
Everett
“
44
' Fall River
“
44
People’s
“
44
. Troy
“
44
' Fidelity
“
44
i Fitchburg
“
44
Foxborough
“
44
Dean
fi
. Franklin
“
44
Gardner
“
44
Gloucester
“
Grafton
“
Housatonic
“
•
•
7
9
11
13
15
5
17
35
39
49
61
67
81
109
137
153
177
183
197
207
23
159
151
143
29
33
21
45
47
135
181
51
53
55
31
57
59
63
65
• 83
IN DEX
XXV 111
L O C A T IO N .
Haverhill,
.
Hingham,
Holbrook,
.
.
Holyoke,
Hudson,
Hyde Park, .
Lawrence,
Leominster, .
Lowell,
Lynn, .
Malden,
Mansfield, .
Marblehead,
Marlborough,
Medford,
Melrose,
Merrimac, .
Middleborough, .
Milford,
Natick,.
New Bedford,
Newburyport,
Newton,
North Abington, .
Northampton,
North Dighton, .
North Easton,
Norwood,
Orange,
Peabody,
Pittsfield,
Plymouth, .
Quincy,
Randolph, .
Reading,
Salem, .
Sandwich, .
Somerville, .
South Braintree, .
South Framingham,
South Weymouth,
Spencer,
Springfield, .
Stoneham, .
Stoughton, .
Taunton,
Wakefield, .
Waltham, .
Watertown, .
Webster,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
CORPORATE
TACE
NAM E.
f Citizens’ Co-operative Bank,
<<
1 Haverhill
“
ti
a
Hingham
tt
Holbrook
“
tt
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u
1 Holyoke
“
a
Hudson
“
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it
“
Lowell
tt
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“
a
“
Malden
a
“
Mansfield
tt
if
Marblehead
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Marlborough
tt
“
Medford
tt
Melrose
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“
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Middleborough ft
Milford Co-operative Bank,
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1 New Bedford
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. Newton
u
North Abington «
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Northampton
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. North Dighton “
tt
. North Easton tt
tt
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. Norwood
tt
tt
. Orange
tt
. Peabody
“
tt
. Pittsfield
tt
. Plymouth
tt
_ ( Quincy
tt
1 Wollaston
tt
. Randolph
tt
n
. Reading
n
. Salem
tt
. Sandwich
tt
. Somerville
tt
. Braintree
“
. South Framingham Co-operative Bank,
tt
tt
. South Weymouth
tt
tt
. Spencer
a
tt
. Springfield
a
tt
. Stoneham
tt
a
. Stoughton
tt
tt
r Mechanics’
tt
a \ .
. t Taunton
tt
tt
l Weir
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. Wakefield
tt
tt
. Waltham
tt
tt
Watertown
tt
“
. Webster
.
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25
69
73
75
27
77
85
87
89
91
93
41
95
97
99
101
105
107
37
I ll
113
71
3
115
117
119
121
123
125
127
129
131
133
139
141
145
203
147
149
155
157
161
19
163
167
169
171
175
177
103
179
193
185
187
189
191
xxix
IN D EX.
L O C A T IO N .
Westfield, W eymouth,.
Whitman, .
Woburn,
Worcester, .
PAGE
CORPORATE N AM E.
. Westfield Co-operative Bank,
. South Shore
“
“
. Whitman
“
“
. Woburn
“
“
(•Equity
“
. |Home
“
“
1Worcester
“
“
.
.................................. 195
.................................. 165
.................................. 199
.................................. 201
.................................. 43
.................................. 79
..................................205
COLLATERAL LOAN COMPANIES.
t Collateral Loan C o m p a n y , .......................................... , 212
. 213
1 Workingmen’s Loan Association,
.
Boston,
MORTGAGE LOAN AND INVESTMENT COMPANIES.
Boston,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
( Globe Investment C o m p a n y , .......................................... , 214
216
1 National Mortgage and Debenture Company, .
IN DEX
XXX
IN D E X TO THE ANNUAL DEPORTS.
[Alphabetically by Corporate Name.]
CO-OPERATIVE BANKS.
C O R P O R A TE NAM E
Acushnet Co-operative Bank,
Allston
“
“
Amesbury
“
“
Arlington
“
“
Athol
“
“
Baldwinsville
“
“
Beverly
“
“
Boston
“
“
Braintree
“
“
Cambridge
“
“
Campello
“
“
Citizens’
“
“
City
“
“
Clinton
“
“
Dean
“
“
Dedham
“
“
Dorchester
“
“
Economy
“
“
Enterprise
“
“
Equitable
“
“
Equity
“
“
Everett
“
“
Fall River
“
“
Federal
“
“
Fidelity
“
“
Fitchburg
“
“
Foxborough
“
“
Franklin
“
“
Gardner
“
“
Germania
“
“
Gloucester
“
“
Grafton
“
“
Guardian
“
“
Haverhill
“
“
Henry Wilson “
“
Hingham
“
“
Holbrook
“
“
Holyoke
“
“
Home
“
“
Homestead
“
“
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
L O C A T IO N .
New Bedford,
Boston, .
Amesbury, .
Arlington,
Athol, .
Baldwinsville,
Beverly,
Boston, .
South Braintree, .
East Cambridge, .
Brockton,
Haverhill,
Holyoke,
Clinton, .
Franklin,
Dedham,
Boston, .
Merrimac,
East Boston, .
Lynn,
Worcester,
Everett, .
Fall River, .
Boston, .
Fitchburg,
Fitchburg,
Foxborough, .
Franklin,
Gardner,
Boston, .
Gloucester,
Grafton,.
Boston, .
Haverhill,
Natick, .
*.
Hingham,
Holbrook,
Holyoke,
Worcester,
Boston, .
PAG E
3
5
7
9
11
13
15
17
19
21
23
25
27
29
31
33
35
37
39
41
43
45
47
49
51
53
55
57
59
61
63
65
67
69
71
73
75
77
79
81
IN D EX
CORPORATE NAM E.
Housatonic Co-operative Bank,
Hudson
“
“
Hyde Park
“
“
Lawrence
“
“
Leominster
“
“
Lowell
“
“
.
Malden
“
“
.
Mansfield
“
“
Marblehead
“
“
Marlborough
“
“
Mechanics’
’“
“
Medford
“
“
Melrose
“
“
.
Merchants’
“
“
Middleborough Co-operative Bank,
Milford
New Bedford
“
“
Newburyport
“
“
Newton
“
“
North Abington
“
“
Northampton
“
“
North Dighton
“
“
North Easton
“
“
Norwood
“
Orange
“
“
Peabody
“
“
People’s
“
“
Pioneer
“
“
Pittsfield
“
“
Plymouth
“
Provident
“
“
Quincy
“
“
Randolph
“
Reading
“
“
Reliance
“
“
Roxbury
“
“
Salem
“
“
Sandwich
“
“
Security
“
“
Somerville
“
“
South Framingham
“
“
South Shore
“
“
South Weymouth
“
“
Spencer
“
“
Springfield
Stoneham
“
“
Stoughton
“
“
Suffolk
“
“
Taunton
“
“
Troy
Volunteer
“
“
Wakefield
Waltham
“
“
Watertown
“
“
Webster
“
“
Weir
“
“
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
XXXI
PAGE
L O C A T IO N .
Great Barrington, .
Hudson,.
Hyde Park, .
Lawrence,
Leominster, .
Lowrell, .
. . .
Malden, .
Mansfield,
Marblehead, .
Marlborough,
Taunton,
Medford,
Melrose,
Boston, .
Middleborough,
Milford, .
New Bedford,
Newburyport,
Newton,
North Abington, .
Northampton,
North Dighton,
North Easton,
Norwood,
Orange, .
.
.
Peabody,
Fall River,
Boston, .
Pittsfield,
Plymouth,
Chelsea,
Quincy, .
Randolph,
Reading,
Cambridge, .
Boston, .
Salem, .
.
Sandwich,
Brockton,
Somerville, .
South Framingham,
Weymouth, .
South Weymouth,
Spencer,.
Springfield, .
Stoneham,
Stoughton,
Boston, .
Taunton,
Fall River, .
Boston, .
Wakefield,
Waltham,
Watertown, .
Webster,
Taunton,
.
.
.
.
.
.
.
.
.
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.
83
85
87
89
91
93
95
97
99
101
103
105
107
109
I ll
113
115
117
119
121
123
125
127
129
131
133
135
137
139
141
143
145
147
. 149
. 151
. 153
. 155
. 157
. 159
. 161
. 163
. 165
. 167
. 169
. 171
. 173
. 175
. 177
. , 179
. 181
. 183
. 185
. 187
. 189
. 191
. 193
xxxn
IN D EX
CORPORATE
NAM E.
Westfield Co-operative Bank, .
West Roxbury “
“
.
Whitman
“
“
Woburn
“
“
Wollaston
“
“
Worcester
“
“
.
Workingmen’s “
“
L O C A T IO N .
.
.
.
.
.
.
.
.
.
PAGE
Westfield,
Boston, .
Whitman,
Woburn,
Quincy, .
Worcester,
Boston, .
.
.
.
.
.
.
.
1'95
197
199
201
203
205
207
COLLATERAL LOAN COMPANIES.
Collateral Loan C o m p a n y , ...........................................Boston, .
Workingmen’s Loan A s s o c ia t io n ,..................................Boston, .
.
.
.
.
.
.
212
213
MORTGAGE LOAN AND INVESTMENT COMPANIES.
Globe Investment C o m p a n y ,.......................................... Boston, .
. . .
National Mortgage and Debenture Company, .
.
. Boston, .
. . .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
214
216
@FedFRASER