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. . No. 8.

PUBLIC DOCUMENT . .

THIRTIETH ANNUAL-REPORT

■nu. B oard of Commissioners
SAYINGS BANKS.
1905.
P A

B T

I .

RELATING TO

SAYINGS BANKS, INSTITUTIONS FOR SAYINGS, AND TRUST
COMPANIES.

BOSTON :
W RIGHT & POTTER PRINTING CO., STATE PRINTERS,
18 P ost Office S quakk.
1906.

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Federal Reserve Bank of St. Louis


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Federal Reserve Bank of St. Louis

A ppr o v e d by
T h e S t a t e B o a r d o f P u b l ic a t io n .

3 32,1
(Y\3 f i
Iqtip*

Commoitfoiallfi of ltfess;id]ns£tts.
O f f ic e of t h e B oahd of C o m m issio n er s of S a y in g s B a n k s ,
S tate H o u se , B oston , Jan. 22, 1906.

To the General Court o f Massachusetts.

The Board of Commissioners of Savings Banks, in accordance
with the requirements of the Revised Laws of the Common­
wealth, has the honor to submit herewith, for your considera­
tion, its thirtieth annual report, relating to the condition of the
institutions under its supervision.
The assets of the 367 institutions under the supervision of
this Board at the close of business Oct. 31, 1905, to which
date the Revised Laws require the annual reports to be made,
amount to $1,027,774,693.04. The institutions are divided
as follows: —
189
44
130
3

savings banks.
trust companies.
co-operative banks.
collateral loan companies, and the
Massachusetts Hospital Life Insurance Company.

Part I. of the report is herewith submitted, and gives the
statistics of
189 savings banks with assets o f .................................... $707,728,733 87
44 trust companies with assets o f ....................................
250,732,169 35
and the Massachusetts Hospital Life Insurance Com­
pany with assets o f ......................................................
29,262,247 49

£
Vp

The following trust companies and savings banks have
been chartered and have commenced business during the year,
viz. : —
Central T rust Company of Cambridge,
Mechanics’ T rust Company of Boston,
North Adams T rust Company of North Adams, and the
Milton Savings Bank of Milton.


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Federal Reserve Bank of St. Louis

[Pub. Doc.

REPOET OF THE

IV

The People’s Savings Bank of Attleborough, chartered by
the last Legislature, had not commenced business at the date
of this report.
Part II. will be submitted later in the session, giving state­
ments of condition of
130 co-operative banks,
3 collateral loan associations,

together with statements of the condition of the affairs of one
co-operative bank, two savings and loan associations and two
mortgage loan companies, either in the hands of receivers or
being voluntarily liquidated.
M

arblehead

S a v in g s B

ank

.

Gratifying progress has been made during the past year in
the elimination of the doubtful assets of this institution, the
officers of which are now exercising their utmost endeavors to
bring to a final settlement the comparatively few matters which
remain to be adjusted before any serious consideration can be
given to the question of resumption of business.
With the present status of affairs, it would obviously be a
matter of conjecture to attempt to predicate the time when the
bank will re-open, but the Board is hopeful that the result may
be accomplished in the near future.
S a v in g s B

ank s.

A ggregate Statement o f Liabilities a n d Assets, Oct. 31, 1905.
Showing Increase or Decrease, as compared with Statement o f Oct. 3 1 ,1 9 0 4 .
L ia b ilitie s .
Amount
Oct. 31, 1905.
D e p o s i t s , .........................................................
Guaranty f u n d , ...............................................
Undivided e a r n i n g s , ......................................
Due on incomplete mortgage loans,
Sundry liabilities....................................................


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Federal Reserve Bank of St. Louis

$662,808,312
30,100,477
14,568,166
143,046
108,730

87
44
58
68
30

$707,728,733 87

Increase.

Decrease.

$31,494,512 32
1,424,787 33
211,450 03
$48,303 21
1,291 23
-

-

No. 8.]

SAYINGS BANK COMMISSIONERS

Y

Amount
Oct. 31, 1905.

Public funds......................................................
Loans on public funds....................................
Bank s t o c k , ...............................................
Loans on bank stocks,
.
.
.
.
Street railway bonds,
.
.
.
.
Loans on street railway bonds,
Railroad b o n d s , ......................................
Loans on railroad bonds, .
.
.
.
Loans on railroad stocks, .
.
.
.
Boston Terminal Company bonds, .
Railroad notes..................................................
Real estate (for banking pu rp oses),.
Real estate by foreclosure, etc.,
Loans on real estate,
.
.
.
.
Loans on personal security,
Loans to counties, cities and towns (notes),
Loans on depositors’ books,
Sundry stocks, bonds and notes taken to
secure indebtedness...................................
Expense a c c o u n t , ......................................
Premium account.............................................
Furniture and fixtures,
.
.
.
.
Sundry assets,*...............................................
Cash on hand : —
In banks, on interest,
. $15,863,234 47
In banks, not on interest, .
248,255 09
1,296,700 43
In office..................................

$75,995,982
835,125
13,398,024
909,377
7,694,571
5,350
125,740,971
1,735,200
260,874
10,205,303
1,210,000
6,782,258
3,883,449
286,385,511
140,148,236
13,779,699
60,843
414,600
236,099
318,786
109,078
211,201

Increase.

Decrease.

_
60 $3,613,863 16
00
93,690 00
76
$1,058,296 00
82,399 45
00
1,370,200 88
01
00
30,150 00
06 12,230,727 28
8,170 00
00
154,811 00
00
743,483 87
38
676,000 00
00
263,374 95
09
103,939 70
95
67 10,267,151 04
93 8,922,897 01
60,062 69
30
2,450 15
48
10
81
17
13
54

63,868 23
>

10.74
.12
1.89
.13
1.09
-

17.76
.25
.04
1.44
.17
.96
.55
40.46
19.80
1.95
.01
.06

11,750 36

.1 2

951,872 31

2.46

J

17,408,189 99
$707,728,733 87

_

Percentage of
Investments to
Total A ssets.

A s s e ts .

-

-

-

* Consisting of interest and suspense accounts, taxes and insurance paid, real estate ex­
penses, etc.

L

ia b il it ie s .

During the year the deposits have increased $31,494,512.82,
which is the largest increase of any year in the history of our
banks.
The total amount of deposits, $662,808,312.87, is divided
among 1,829,487 open accounts, being an average to each of
$362.29, or $4.93 more than at the corresponding date last
year.
The guaranty fund now amounts to $30,100,477.44, and is
4.54 per cent, of the total amount due depositors, which is the
same as shown by report of last year.


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Federal Reserve Bank of St. Louis

REPORT OF THE

VI

A

[Pub. Doc.

sse ts.

Reference has been made in preceding reports to the fact
that the holdings of national bank stock by the savings banks
have been quite largely reduced, owing to the liquidation or
consolidation of many national banks ; principally through the
same causes, the amount held by the various institutions has
been reduced during the year $1,058,296, as compared with
$1,282,717.44 the year previous.
In connection with the table of assets, we are glad to note
the fact that the amount invested in real estate by foreclosure
shows a decrease of $103,939.70 during the year.
D

iv id e n d s .

During the year represented by the reports, —
1
1
92
10
1
82

bank declared dividends at the rate of 3 per cent.
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The Milton Savings Bank of Milton, incorporated May 18,
1905, had not declared a dividend at date of its report; the
Marblehead Savings Bank, under injunction, also declared no
dividend during the year.
The total amount of ordinary dividends declared was
$22,759,568.12, being an increase over the year 1904 of
$818,528.32.
The average rate of dividends was 3.73-f- per cent., as com­
pared with 3.75-f- per cent, in the year previous.
D i v i d e n d s d e c l a r e d d u r i n g t h e Y e a r e n d i n g O c t . 3 1.

Banks paying at the rate of 0 per cent,

1904.

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92


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Federal Reserve Bank of St. Louis

2

2
81
10

1905.

2
1
1

92
10
1

82

No. 8.]

SAYINGS BANK COMMISSIONERS.

Vll

Statistics o f Business.
Increase.

Oct. 31,1905.

Number of open accounts,
Average amount to the credit of each
a c co u n t,.............................................
N umber of deposits, . . . .
N umber of withdrawals, .
Amount deposited (not including
d i v i d e n d s ) , ....................................
Average of deposi t s, . . . .
Amount withdrawn (including dividends), .............................................
Average of withdrawals, .
Amount of expenses,
Total ea rn in g s,....................................
Total ordinary dividends, .
Number of loans of an amount not
exceeding $3,000, . . . .
Number of loans upon real estate,f .
* Decrease.

1,829,487

62,873

$362 29
1,880,854
1,414,479

$4 93
124,851
5,942*

$116,026,890 90
61 69
107,361,106
75
1,583,889
29,716,529
22,759,568

89
90
07
72
12

72,922
87,168

$10,560,742 22
1 63
2,852,155
2
36,984
577,806
818,528

40
32
63
77
32

990
1,907

f Averaging $3,285.44.

During the year there were 1,880,854 deposits, amounting
to $116,026,890.90, an average of $61.69 each, as compared
with $60.06 the preceding year.
There were during the year 1,414,479 withdrawals, amount­
ing to $107,361,106.89, being an average of $75.90 to each
withdrawal, as against $73.58 last year.
The above shows a slight increase in the average deposits
and quite a large increase in the average withdrawals.
T r u s t C o m p a n ie s .

In the preceding pages reference is made to trust companies
which have commenced business during the year, making the
number now in operation forty-four, in addition to the Massa­
chusetts Hospital Life Insurance Company, which also comes
under the supervision of this Board. Twenty of these maintain
trust departments.
After a suspension of about fourteen months, the affairs of
the Hampden Trust Company of Springfield were surrendered
by the court into the hands of its stockholders, and it is again
in successful operation.
The following consolidated statement shows the condition of
both the banking and trust departments of the forty-four com­
panies at the close of business Oct. 31, 1905 : —

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Federal Reserve Bank of St. Louis

C o n s o l id a t e d S t a t e m e n t

oe

T r u s t C o m p a n ie s , O c t o b e r

31, 1905.

Banking Departments.
A sse t s .

$550 00
1,182,016 25

530,000
33,979
231,938
125,551
5,874,665
11,089,047
6,371,969
3,623,439
157,830

00
88
00
32
87
59
50
82
59

97,305
52,118
158,941
1,790,927
2,727,632
228,161
232,564
44,210

75
00
45
30
36
42
14
39

4,289,606
30,605,281
3,388,075
39,765,501
34,965,688
272,535
9,513
47,441
14,937
22,000
92,400
94,751
21,580,600
2,754,490
103,876

77
92
76
00
41
98
33
11
60
00
00
42
78
26
05

1,859,519
4,219,125
1,132,518
5,998,676
16,706,723
63,861
2,969
57,343
3,432
51,337
223,851
24,455
3,664,114
291,568
6,054

22
34
56
59
91
87
39
79
64
39
82
16
58
06
37

8,133,129 36
1,005,018 90
91,509 65

1,734,035 98
269,814 62
45,946 37

$181,443,215 31

$42,869,776 72

L ia bil it ies .

Twenty
Companies in
Boston.

Twenty-four
Companies out­
side of Boston.

Capital s to c k ,........................................................
Surplus fu n d ,........................................................
I n te r e s t,..................................................................
D i s c o u n t , ........................................................
Commissions, .
.
.
.
.
.
.
Earnings u n d i v i d e d , ......................................
Profit and loss.........................................................

$12,501,000
17,313,000
556,289
371,545
77,770
470,164
2,296,896

00
00
35
14
12
03
66

$4,575,000
1,978,000
94,084
112,539
3,487
246,222
716,052

00
00
30
34
16
01
57

Deposits (payable on demand or within ten
days) : —
Subject to c h e c k , ......................................
For payment of coupons, etc., .
Certificates of deposit....................................
Certified c h e c k s , ......................................
Treasurer’s c h e c k s,......................................

134,085,483
1,569,195
4,015,280
1,050,373
685,214

81
82
88
78
90

29,617,682
33,330
1,124,109
71,648
93,758

09
00
70
03
89

Deposits (time) : —
Certificates of deposit....................................
Open accounts, etc.........................................
Due to reserve banks............................................
Due to other b a n k s , ......................................
Sinking funds, railroads,
.
.
.
.
Sinking funds, corporations, .
.
.
.
Dividends unpaid..................................................
Bills payable, including certificates of deposit
representing money borrowed, .
Reserve for taxes, .
.
.
.
.
.
Rents, boxes and vaults,
.
.
.
.
Special t r u s t s , ...............................................
Sundry lia b ilitie s ,...............................................

689,085 74
1,622,729 29
169,604
1,662,853
159,961
1,617,913
56,002

35
89
36
88
50

_

464,243 03
3,303,036 78
228,449 94
36,974 01
~
29,237 37
989 25

68
42
49
22

102,000 00
36,429 72
1,911 13
591 40

$181,443,215 31

$42,869,776 72

140,208
24,504
307,372
764

[Pub. Doc.


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Federal Reserve Bank of St. Louis

$5^,281 94
6,114,152 50

Twenty-four
Companies out­
side of Boston.

REPOET OF THE

United States bonds, .
Commonwealth of Massachusetts bonds, .
Bonds of cities, counties and towns in New England States, .
.
.
.
Other municipal bonds,
Bank stocks.....................................
Railroad stocks, .
.
.
.
Railroad bonds...............................
Miscellaneous bonds,
Miscellaneous stocks,
Banking house................................
Real estate by foreclosure,
L oans: —
Loans on real estate,
Demand loans with collateral,
Other demand loans,
Time loans with collateral,
Other time loans, .
Expense account,
Taxes paid,
.
.
.
.
Interest paid...................................
Premium account,
Furniture and fixtures,
Safe deposit vaults, .
Overdrafts,
.
.
.
.
Due from reserve banks, .
Due from other banks,
Sundry assets, .
.
.
.
C ash: —
Currency and specie,
Checks on other banks, .
Other cash items, .

Twenty
Companies in
Boston.

No. 8.]

Trust Departments.
A sse t s .


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Federal Reserve Bank of St. Louis

Nine Companies
Outside of
Boston.

$267,752
19,290
97.799
385,524
964,109
5,326,147
7,428,712
910,558
20.800
201,555
18,064

00
00
21
41
07
28
97
18
00
00
32

$500
1,000
7,000
62,883
98,002
1,056,820
1,309,536

2,662,758
343,262
330,831
175,000
84,062
3,170,045
3,792

26
38
26
00
07
99
25

$22,410,064 65

00
00
00
75
50
99
20

L ia bil it ies .

On trust accou nts,................................................
Income......................................................................
Dividends,
.
.
.
.
.
.
.
As executors, administrators, etc.,

Eleven
Companies in
Boston.

Nine Companies
Outside of
Boston.

47
11
89
18

$3,308,826 88
14,958 04

$22,410,064 65

$4,009,112 67

$21,044,913
184,103
75,214
1,105,833

685,327 75

44,322 00
70,750 00
100,054 38
266,326 35
125,243 37
866,536 25
136 88
$4,009,112 67

SAVINGS BANK COMMISSIONERS.

United States b o n d s , ......................................
State b o n d s , .........................................................
City, county and town bonds, .
.
.
.
Bank stocks................................................................
Railroad b o n d s , ...............................................
Railroad s t o c k s , ...............................................
Loans on real estate,
.
.
.
.
.
Manufacturing s t o c k s , ......................................
Annuities.....................................................................
Notes, with collaterals or sureties, .
Notes of individuals, .
.
.
.
.
.
Notes of corporations...............................................
Real estate o w n e d , ...............................................
Cash on h a n d , .........................................................
General trust fund agreements,
Interest in copartnership.........................................
Deposits in savings banks.......................................
Miscellaneous stocks and bonds,
Sundry a s s e t s , .........................................................

Eleven
Companies in
Boston.

REPORT OF THE

X

[Pub. Doc.

Union Trust Company, Boston.
The receivers, having succeeded in accumulating enough
cash to pay the depositors in full, under a decree of the court
have turned over to the company all the remaining assets.
The company, under said decree, are still enjoined from re­
ceiving deposits until its capital and reserve shall be unim­
paired and its assets approved by this Board. The decree
further orders that, upon the filing of their final account with
the clerk of court, the receivers be forthwith discharged.
T r u s t C o m p a n ie s

in

H

ands

of

R

e c e iv e r s .

Taunton Trust Company.
The Taunton Trust Company, which was placed in the hands
of a receiver on Feb. 29, 1904, has paid to its depositors 75
per cent, of their claims.
The following statement shows the receipts and disburse­
ments from the date of the receivership to Oct. 31, 1905 : —


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Federal Reserve Bank of St. Louis

No. 8.]
Table showing Disposition o f the Assets o f the Taunton Safe Deposit and Trust Company fro m Date o f Receivership to Oct. 3 1 ,1 9 0 5 .

Bills receivable....................................................
Cash, cash items and exchanges, . . . .
Vault, furniture and fixtures..............................
Miscellaneous bonds,..........................................

16,560 61
14,766 60
114,005 00
$464,140 54

Cash on hand Oct. 3 1 ,1 9 0 5 ,............................


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Federal Reserve Bank of St. Louis

Amounts
received in
Cash.
$128,851 40
16,560 61
46,453 60

Changed off
as Loss.
$41,989 13

Offsets.
$17,312 83

$188,153 36

$17,312 83

$241,163 36

53,010 00

6,556 40
$48,545 53

Total Credits
on
Principal.

Balance of
Assets
Oct. 31, 1905.
$130,654 97
14,766 60
60,995 00

6,827 39
902 42
2,573 50

Received from interest on loans..........................
interest on deposits,
other sources...............................
Less payments as follows :—
For expenses.......................................................
loans and overdrafts.....................................
t a x e s , ........................................................
first dividend, 50 per cent.,
. . . .
second dividend, 25 per cent........................

D is p o s it io n of A s s e t s .

$202,168 92
$12,544 13
26,558 24
176 40
104,738 88
52,436 32

196,453 97
$5,714 95

5,714 95
$212,131 52

SAVINGS BANK COMMISSIONERS.

Amount
delivered to
Receiver.

CHARACTER OF ASSETS.

X

xii

REPOET OF THE

[Pub. Doc.

Suffolk Trust Company.
The affairs of this company remain practically the same as
last year. The master, to whom was referred the adjudication
of the stockholders’ liability, has not as yet made his report,
and a final settlement of the affairs of the company await his
findings.
R e c o m m e n d a t io n s

fo r

L

e g is l a t io n .

The Board would again direct the attention of the General
Court to the fact that under existing laws there is no legal
barrier which will effectually prevent any person, association
or corporation, whether foreign or domestic, from soliciting or
receiving deposits from the public, provided, in the opinion
of the Attorney-General, that they abstain from using the
words ‘‘ savings bank ” in advertising for, soliciting or receiv­
ing such deposits.
During the past year the attention of the Board has been
called to the operation in our midst of a number of institutions
chartered under the Massachusetts Business Corporation Law
o f 1903, and which, without being subject to any supervision
whatever, are soliciting and receiving deposits through the
medium of the so-called toy banks and otherwise.
The affairs of these concerns, as fast as they came to the
knowledge of the Board, were laid before the Attorney-Gen­
eral’s department, and the Board is advised by that office that
there is at present no statute under which they can be reached.
In view of the many safeguards thrown around the invest­
ment of the deposits in our regularly incorporated savings
institutions, it seems rather an anomalous condition of affairs
that other associations or corporations, without any limitations
or restrictions whatever as to the investment of funds entrusted
to their care, should be allowed to encroach in any way upon
a system of which the Commonwealth is so justly proud.
The Board again respectfully urges the passage of legislation
which shall amply protect the citizens of this Commonwealth
from the conditions alluded to.


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Federal Reserve Bank of St. Louis

No. 8.]

SAYINGS BANK COMMISSIONERS.

xiii

C o n c l u s io n .

The following pages of the volume contain the usual state­
ments, showing the condition of each of the institutions at close
of business Oct. 31, 1905, followed by consolidated statements ;
also a table showing the number, condition and progress of the
savings banks, from 1834 to 1905 inclusive.
In the Appendix will be found the statutes governing the
savings banks and trust companies, corrected to date.


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Federal Reserve Bank of St. Louis

WARREN E. LOCKE,
JAMES O. OTIS,
ANDREW M. DORR,
Commissioners o f Savings Banks.


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Federal Reserve Bank of St. Louis

ABSTRACT OF ANNUAL REPORTS
OF

THB

SAVINGS BAN KS AND IN S T IT U T IO N S
FOR SAYINGS,
S H O W IN G

T H E IR

CONDITION AT THE CLOSE OF BUSINESS


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Federal Reserve Bank of St. Louis

O cto ber 31, 1905.

REPORT OF THE

2

[Pub. Doc

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

Incorporated March 17, 1853.
J o se p h L. G r e e n w o o d , President.
G eorge A. B e a l , Treasurer.
G eorge A. B e a l , Clerk o f the Corporation.

Names of committee charged with the investment of its funds:
J o seph L. G r e e n w o o d ,
S il a s B . D ic k e r m a n ,
W il l ia m Y a n c e ,

J ohn W . Spro ul,
W il l ia m J. Co u g h l a n ,
Ca l v in L. B a k e r .

Open for business every business day except Saturdays, 9 a . m . to 12 m . ; 1 to 4
Saturdays, 9 a .m . to 12 m .

p .m .

,

B a la n c e S h e e t O c t . 31, 1905.

A ssets.

Public funds, as per schedule, .
Bank stock, as per schedule,
Loans on bank stock,.
Railroad bonds, as per schedule,
Stocks, bonds, etc., taken to secure indebtedness, .
Real estate (for banking purp o s e s ) , ...................................
Real estate by foreclosure, etc.,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
( n o t e s ) , ...................................
Deposits in banks on interest, .
Expense account,
Furniture and fixtures,
Suspense account,
Real estate income account,
Cash on hand, . . . .

L ia b il it ie s .

$122,000
67,500
9,550
423,150

00
00
00
00

6,000 00
35,000
10,681
1,138,427
378,770

00
92
42
00

161,500
121,710
799
1,000
1,479
423
4,506

00
78
00
00
65
22
76

$2,482,498 75

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

$2,319,648 14
114,500 00
11,798 84
36,551 77

$2,482,498 75

Cash on Deposit in Banks, amount in each : —
Abington National Bank, A b in gton ,............................................................. $19,023 11
First National Bank, B o s t o n , ......................................................................
102,687 67


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Federal Reserve Bank of St. Louis

No. 8.]

SAYINGS BANK COMMISSIONERS.

3

A b in g to n S a v in g s B a n k — Continued.
Loans on Bank Stock, amount on each : —
75 shares Traders National Bank, L ow ell,.............................................................. $7,500
5 shares National Granite Bank, Quincy,.....................................................
375
10 shares First National Bank, Rockland,....................................................
875
10 shares First National Bank, Rockland,.....................................................
800

00
00
00
00

Detailed Statement o f Public Funds.
Par Value.

City of Boston, Mass., 3£s,
of Chicago, 111., 4s, .
of Dayton, Ohio, 3£s,
of Fall River, Mass., 3£s,.
of Milwaukee, Wis., 3£s,.
of New Britain, Conn., 4s,
of Springfield, Ohio, 4£ s, .
of Taunton, Mass., 3£s, .
Town of Abington, Mass., 4s, .
of Middleborough, Mass., 4s,.

$15,000
25.000
4.000
20.000
10,000
10,000
5.000
10,000
13.000
10.000
$122,000

Estimated
Market Value.

$15,075
25,250
3,960
20,000
10,000
10,100
5,200
10,050
13,525
10,600

00
00
00
00
00
00
00
00
00
00

Amount Invested.

$15,000
25.000
4.000
20.000
10,000
10,000
5.000
10,000
13.000
10.000

00
00
00
00
00
00
00
00
00
00

$123,760 00 $122,000 00

No. of
Shares.

Detailed Statement o f Bank Stocks.

82
26
60
100
100

38
45
50
50
47
23
20
32
2

Par Value.

Abington N’l Bank, Abington,
F irst National Bank, Adams, .
First National Bank, Boston, .
Merchants Nat’l Bank, Boston,
Metropolitan N’l B’k, Boston,.
Mt. Vernon N ’l Bank, Boston,
N’l B’k of the Republic, Boston,
Second National Bank, Boston,
South End N at’l Bank, Boston,
State National Bank, Boston, .
W ebster and Atlas National
Bank, Boston,
Brockton N’l Bank, Brockton,
Old Colony N’l B’k, Plymouth,
First National Bank, Rockland,


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Federal Reserve Bank of St. Louis

$ 8 ,2 0 0

2,600
6 ,0 0 0
1 0 ,0 0 0
1 0 ,0 0 0

3,800
4,500
5,000
5,000
4,700
2,300
2 ,0 0 0

3,200
200

Estimated
Market Value.

Amount Invested.

$ 8 ,2 0 0 0 0
3,120 0 0

$ 8 ,2 0 0 0 0

16,500 00
2 0 ,2 0 0 00
11,800 00
3,230 00
7,290 00
10,650 00
4,500 00
7,097 0 0

6 ,0 0 0 0 0
1 0 ,0 0 0 0 0
1 0 ,0 0 0 0 0

3,266 00
2,500 0 0
3,680 0 0
216 00

$67,500 $102,249 00

2,600 00

3,800
. 4,500
5,000
5,000
4,700

00
00
00
00
00

2,300 00
2 ,0 0 0 0 0

3,200 00
200 00

$67,500 00

[Pub. Doc.

REPORT OF THE

4

A b in g to n S a v in g s B an k — Continued.
Detailed Statement o f Railroad Bonds.
Par Value.

Boston & Lowell R.R 4s,
Boston & Maine R.R. 3£s,
Boston & Maine R.R. 4s, .
Boyer Valley R R. 3às,
Chic., Burlington & Quincy R R. 3£s,
Chic., Burlington & Quincy R.R. 4s,
Concord & Montreal R.R 4s, .
Fitchburg R.R. 3£s, . . . .
Fitchburg R.R. 4s, .
Grafton & Upton R.R. 4s,
Illinois Central R.R. 3s, .
Illinois Central R.R. 3£s,.
Maine Central R.R 4£s, .
New York Central & Hudson
River R.R. 3£s, . . . .
New York, New Haven & H artford
R.R. 3 è s , ....................................
New York, New Haven & H artford
R.R 4 s ,.............................................
Old Colony R.R. 4s, .
Penobscot Shore Line R.R. 4 s ,.
Portland &Rumford Falls R.R. 4s, .
Upper Coos R.R. 4£s,

$46,000
15,000
39,000
10,000
20,000
4,000
30,000
20,000
1,000
10,000
30,000
30,000
10,000

Estimated
Market Value.

$46,230
14,850
41,610
9,700
19,100
4,040
31,200
19,700
1,050
8,000
25,200
28,500
10,450

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

Amount Invested.

$46,000
15,000
39,000
10,000
20,000
4,000
30,000
19,950
1,000
10,000
27,000
30,000
10,000

00
GO
00
00
00
00
00
00
00
00
00
00
00

40,000

39,600 00

40,000 00

30,000

28,800 00

29,200 00

27,000
15,000
25,000
20,000
5,000

27,540
16,125
26,000
20,900
5,500

27,000
15,000
25,000
20,000
5,000

00
00
00
00
00

00
00
00
00
00

$427,000 $424,095 00 $423,150 00

Total Am ount o f Loans, with Each Specified Rate o f Interest.
Amount.

$121,710
15,000
118,000
199,400

Rate.

78
00
00
00

2 per cent.
H
“
3*

4

“

Amount.

$25,000
45,000
226,050
691,672

Rate.

00
00
00
41

4J per cent.
4^
“
4é
5

Amount.

$18,400 00
349,725 01

Rate.

54 per cent.
6"

Amount invested in real estate for banking purposes,
. . . .
$35,000 00
Estimated value of t h e j s a m e , ......................................................................
35,000 00
Assessed value of the s a m e ,.................................................... .
.
.
39,600 00
Net income received from same during yearending Oct. 31, 1905,
. .
74 04
Value, by books, of other real estate held or owned by foreclosure or
o th e r w ise ,........................................................................................................10,681
92
Assessed value of the s a m e ,.............................................................................
10,700 00
Net income received from same during the year ending Oct. 31,1905,
.
101 90
Number of loans which are of an amount not exceeding $3,000 each, 718
Aggregate amount of the s a m e , ......................................................................
786,697 42
Total number of loans upon real e s t a t e , ............................................730


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Federal Reserve Bank of St. Louis

No. 8.]

SAYINGS BANK COMMISSIONERS.

5

A b in g to n S av in g s B a n k — Concluded.
Amount of investments from which no income is received,
.
.
.
$9,800 00
Gross amount of interest or profits received, as per hooks, during year
ending Oct. 31, 1 9 0 5 ,.......................................................................................
111,838 67
Times when dividends are payable, as fixed by the by-laws: first Tuesday
of April and October. Deposits commence to draw interest: first Tues­
day of January, April, July and October.
Rate and amount of each semi-annual dividend t 2 per cent., $43,803 45 j gg g^g ^
during the year ending Oct. 31, 1905
.
i 2 per cent.,
44,515 66 J
Number of accounts opened during the year ending Oct. 31, 1905, . 461
Number of accounts closed during theyear ending Oct. 31, 1905,
. 334
Total number of open accounts Oct. 31, 1905,
. . . .
4,737
Total expenses of the corporation for the year ending Oct. 31, 1905 (ex­
clusive of taxes),
.......................................................................................
4,694 10
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 5 ,.......................................................................................
263,189 54
Number of s a m e , ........................................................................2,592
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 9 0 5 , ................................................................................................
272,356 99
Number of s a m e , ........................................................................2,874
Date of examination by commissioner: April 6.


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Federal Reserve Bank of St. Louis

REPORT OF THE

6

[Pub. Doc.

A M H E R ST S A V IN G S B A N K — A M H E R ST .
Incorporated April 5, 1864.
E. F. Cook , President.

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

G eorge Cu t l e r , Clerk o f the Corporation.

Names of committee charged with the investment of its funds :
E. F . Cook ,
W il l ia m E. B r id g m a n ,
A. R. C u s h m a n ,
D. W. P a l m e r .
Open for business every business day except Saturdays, 9
9 a . m . to 12 M.
B a la n c e S h eet Oct.

to 3

p .m .

L ia b il it ie s .

$128,875
400
143,616
2,326
361,250

00
00
83
00
00

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

$3,267,612 43
163,683 95
62,420 25
4,204 25

25.000 00
110,000 00
15.000
12,055
1,778,451
733,929

00
53
50
96

61,700
1,500
118.123
5^000
692

00
00
81
00
25

$3,497,920 88

$3,497,920 88

Cash on Deposit in Banks, amount in each : —
First National Bank, A m h e r s t,...................................
Franklin County National Bank, Greenfield,
Pynchon National Bank, Springfield (in liquidation),

$112,821 01*
10,000 00

302 80

Loan on Public Funds : —
$1,000 United States 4 s , ............................................
Loans on Bank Stock, amount on each : —
10 shares First National Bank, Amherst, .
3 shares Southbridge National Bank, Southbridge, .
5 shares First National Bank, Amherst, .
14 shares Ware National Bank, Ware,

$400 00

‘I

This amount, in excess of the legal limit, has since been reduced.


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Federal Reserve Bank of St. Louis

; Saturdays*.

31, 1905.

A ssets.

Public funds, as per schedule, .
Loan on public funds,
Bank stock, as per schedule,
Loans on bank stock,
Railroad bonds, as per schedule,
Street railway bonds, as per
schedule,...................................
Boston Terminal Co. bonds,
Real estate (for banking pur­
poses)..........................................
Real estate by foreclosure, etc.,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
(notes)........................................
Loans on depositors’ books,
Deposits in banks, on interest, .
Deposits in banks, not on interest,
Cash on hand, . . . .

a .m .

$1,276 00
500 00
550 00

No. 8.]

7

SAVINGS BANK COMMISSIONERS.
A m h erst S avin gs B a n k — Continued.
Detailed Statement o f Public Funds.
Par Value.

City of Beverly, Mass., 4s,
of Chicago, 111., 3&s,
of Chicago, 111., 4s, .
of Dubuque, Iowa, 5s,
of Youngstown, Ohio, 5s,
Town of Marblehead, Mass., 4s,

$10,000
25.000
49.000
25.000
10.000
10,000

Estimated
Market Value.

$10,300
25,125
49,955
25,875
10,800
10,150

00
00
00
00
00
00

Amount Invested.

$10,000
24,875
49.000
25.000
10.000
10,000

00
00
00
00
00
00

$129,000 $132,205 00 $128,875 00

No. of
Shares.

Detailed Statement o f B ank Stocks.

100 F irst National Bank, Amherst,
34 F irst National Bank, Barre,
80 N ’l B’k of the Republic, Boston,
4 Second National Bank, Boston,
4 State National Bank, Boston, .
23 Conway Nat’l Bank, Conway, .
28 City N ’l B’k, Danbury, Ct.,
47 First N ’l B’k, Easthampton, .
56 Franklin Co. National Bank,
Greenfield, . . . .
100 City National Bank, H olyoke,.
100 Holyoke N at’l Bank, Holyoke,
30 N at’l Bank of Commerce, New
London, Ct., . . . .
15 Berkshire N’l B’k, No. Adams,
78 First N at’l B’k, Northampton,
78 H ampshire Co. National Bank,
Northampton,
67 Northampton National Bank,
Northampton,
60 First N’l B’k, Norwich, Ct.,
117 Thames N ’l B’k, Norwich, Ct.,
38 Palm er N at’l Bank, Palmer, .
70 Agawam N ’l B’k, Springfield,
115 Chapin Nat’l B’k, Springfield,
70 F irst N at’l Bank, Springfield, .
28 Crocker N ’l B’k,T urner’s Falls,
8 W are National Bank, W are, .
20 City N at’l Bank, Worcester, .
6 Mechanics N’l B’k, Worcester,


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Federal Reserve Bank of St. Louis

Estimated
Market Value.

Par Value.

$10,000
3,400
8,000
400
400
2,300
2,800
4,700

$16,500
3,400
12,960
852
604
2,300
3,920
4,700

00
00
00
00
00
00
00
00

Amount Invested.

$14,910
3,400
10,095
760
400
2,293
2,800
4,700

00
00
50
00
00
33
00
00

5,600
10,000
10,000

5,880 00
11,500 00
17,000 00

5,600 00
10,000 00
10,800 00

3,000
7,800

4,500 00
75 00
10,140 00

3,000 00
9,380 00

7,800

8,190 00

7,800 00

-

6,700
6,000
11,700
3,800
2,100
11,500
7,000
2,800
800
600

13,400
6,000
19,890
3,800
350
13,800
8,050
3,920
880
200
648

00
00
00
00
00
00
00
00
00
00
00

6,954
6,000
16,101
3,800

00
00
00
00

13,623 00
7,000 00
2,800 00
800 00
600 00

$129,200 $173,459 00 $143,616 83

[Pub. Doc.

REPOET OF THE

8

A m h erst S av in g s B an k — Continued.
Detailed Statement o f Street Railway Bonds.
Par Value.

Springfield Street Railway Co. 4s, .

$25,000

Estimated
Market Value.

Amount Invested.

$26,000 00

$25,000 00

Detailed Statement o f Railroad Bonds.
Par Value.

Albany & Susquehanna R.R. 6s,
Boston & Lowell R.R. 4s,
Boston & Maine R.R. 3¿s,
Boston & Maine R R. 4s, .
Boston & Maine R.R. 4£s,
Chic., Burlington & Quincy R.R. 3¿s,
Chic., Burlington & Quincy R.R. 4s,
Eastern R.R. 6s,
. . .
Fitchburg R.R. 4s, .
Fitchburg R.R. 5s, .
Illinois Central R. R. 3s, .
Kansas City, St. Joseph & Council
Bluffs R.R. 7s,
. . .
New York, New Haven & H artford
R.R. 3és.............................................
New York, New Haven & Hartford
R.R. 4 s ,.............................................

$30,000
37,000
20,000
35,000
10,000
35,000
25,000
5,000
42,000
15,000
25,000

Estimated
Market Value.

$30,750
37,435
20,000
37,887
11,825
33,775
26,875
5,125
44,282
15,600
21,500

00
00
00
50
00
00
00
00
50
00
00

Amount Invested.

$30,000
37,000
19,325
34,800
10,000
35,000
25,000
5,000
42,000
15,000
22,125

00
00
00
00
00
00
00
00
00
00
00

11,000

11,715 00

11,000 00

25,000

24,125 00

25,000 00

50,000

51,625 00

50,000 00

$365,000 $372,520 00 $361,250 00

Boston Terminal Company Bonds.
Par Value.

Boston Terminal Company 3és,

Estimated
Market Value.

Amount Invested.

$110,000 $122,100 00 $110,000 00

Total Am ount o f Loans, with Each Specified Rate o f Interest.
Amount.

Rate.

Amount.

$107,821 01
78,000 00
200,749 30

3 per cent.
3|
4
“

$115,000 00
214,400 00
12,500 00


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Federal Reserve Bank of St. Louis

Rate.

4¿ per cent.
4i

4|

“

»

Amount.

Rate.

$1,860,555 18 5 per cent.
67,980 25 5è
“
39,425 53 6

No. 8.]

SAVINGS BANK COMMISSIONERS.

'

9

A m h erst S av in g s B an k — Concluded.
Amount invested in real estate for banking purposes.............................. $15,000
00
Estimated value of the s a m e , ............................................................
15,000
00
Assessed value of the same........................................................................
9,050
00
Net income received from same during year ending Oct. 31, 1905, .
.
801 99
Value, by books, of other real estate held or owned by foreclosure or
o th e r w ise ,...............................................................................................
12,055
53
Assessed value of the s a m e ,.....................................................................
10,200
00
Net income received from same during the year ending Oct. 31, 1905,
.
547 34
Number of loans wdiich are of an amount not exceeding $3,000 each, 963
Aggregate amount of the same............................................................................ 1,018,148 22
Total number of loans upon real e s t a t e , ................................... 1,034
Amount of investments from which no income is received,
.
.
.
6,399 75
Gross amount of interest or profits received, as per books, during year
ending Oct. 31, 1 9 0 5 ,.......................................................................................
162,388 41
Times when dividends are payable, as fixed by the by-laws : first Thursday
of January and July. Deposits commence to draw interest: first day
of January, April, July and October.
Rate and amount of each semi-annual dividend f 2 per cent., $61,723 88 1 ^ 5 217 06
during the year ending Oct. 31, 1905,
.
( 2 per cent.,
63,493 18 I
’
Number of accounts opened during the year ending Oct. 31,1905,
. 699
Number of accounts closed during the year ending Oct. 31, 1905,
. 491
Total number of open accounts Oct. 31, 1905,
. . . .
6,832
Total expenses of the corporation for the year ending Oct. 31, 1905 (ex­
clusive of taxes),
.
...............................................................................
7,30627
Amounts of deposits, not including dividends, received during the year
ending Oct. 31, 1905, .
.............................................................
341,712 39
Number of s a m e , ...............................................................................4,603
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 9 0 5 , ................................................................................................
856,317 17
Number of s a m e , ...............................................................................4,316
Date of examination by commissioner : September 21.


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Federal Reserve Bank of St. Louis

10

REPORT OF THE

[Pub. Doc

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

Incorporated April 2, 1834.
J ohn H . F l i n t , President.
F r e d e r ic S. B o u tw e ll , Treasurer.
F r e d e r ic S . B o u tw e ll , Clerk o f the Corporation.

Names of committee charged with the investment of its funds :
J ohn H . F l i n t ,
L e w is T. H a r d y ,
J o seph A . S m a r t .

Open for business every business day except Wednesdays, 9 a .m . to 12 m . ; 2 to 4 p .m . ;
Wednesdays, 9 a .m . to 12 m . ; the third Wednesdays of March, June, September
and December 9 a .m . to 12 m . ; 2 to 4 p . m .

B alance S heet O ct . 31, 1905.

A ssets.

Public funds, as per schedule, .
Bank stock, as per schedule,
Loans on bank stock,
Railroad bonds, as per schedule,
Boston Terminal Co. bonds,
Real estate by foreclosure, etc.,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns,
( n o t e s ) , ...................................
Deposits in banks on interest, .
Deposits in banks not on interest,
Expense account,
Cash on hand, . . . .

L ia b il it ie s .

$480,558
183,818
1.685
1,170,788
20,000
24,850
1,595,536
415,615

00
00
00
75
00
00
74
55

3,400
20,232
6.685
2,418
7,269

00
48
86
06
79

$3,932,858 23

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

$3,641,942 07
175,000 00
64,613 06
48,997 49
2,305 61

$3,932,858 23

Cash on Deposit in Banks, amount in each: —
Andover National Bank, A n d o v e r , ............................................................. $9,685 86
New England National Bank, B o s t o n , .....................................................
12,294 13
Old Boston National Bank, Boston...................................................................
3,953 98
Federal Trust Company, B o s t o n , .............................................................
984 37
Loans on Bank Stock, amount on each : —
20 shares Merchants National Bank, B o s t o n , ............................................$1,600 00
1 share Andover National Bank, A n d o v e r , ............................................
85 00


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Federal Reserve Bank of St. Louis

No. 8.]

11

SAVINGS BANK COMMISSIONERS.
A n d o v er S a v in g s B a n k — Continued.
Detailed Statement o f Public Funds.
Par Value.

United States 3s,
. . .
Massachusetts 3£s, .
County of Aroostook, Me., 4£s,
of Rockingham, N. H., 4s, .
City of Boston, Mass., 4s,
of Brockton, Mass., 4s,
of Chicago, 111., 4s, .
of Fall River, Mass., 3£s,
of Gloucester, Mass., 4s, .
of Lynn, Mass., 4s, .
of Sioux City, Iowa, 4£s, .
Town of Andover, Mass., 3¿s, .
of Andover, Mass., 4s, .
of Arlington, Mass., 4 s,.
of Marblehead, Mass., 4s,
of Melrose, Mass., 4s, .
of Methuen, Mass., 4s, .
of Peabody, Mass., 4s, .
of W inchester, Mass., 3¿s,
of Kennebec, Me. (W ater Dis­
trict), 3¿s, .
.
.

Estimated
Market Value.

$200
35,000
10,000
10,000
25,000
48,000
75,500
10,000
9,000
50,000
15,000
27,000
46,000
10,000
25,000
26,000
9,000
10,000
20,000

$207
36,400
10,575
10,200
26,437
51,660
78,142
10,000
9,090
53,000
15,500
27,135
47,425
10,300
26,875
26,780
9,697
10,675
20,100

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

20,000

19,700 00

Amount Invested.

$200
35,000
10,000
10,000
25,000
48,000
75,500
10,000
9,000
50,000
15,000
27,000
46,000
10,000
25,000
26,000
9,000
10,000
20,000

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

19,858 00

$480,700 $499,899 50 $480,558 00

No. of
Shares.

Detailed Statement o f B ank Stocks.

141 Andover N’l Bank, Andover, .
32 Boylston Nat’l Bank, Boston, .
10 Faneuil Hall N’l Bank, Boston,
63 First National Bank, Boston, .
70 Freemans N at’l Bank, Boston,
50 Merchants Nat’l Bank, Boston,
120 Metropolitan N’l Bank, Boston,
225 N’l B’k of the Republic, Boston,
21 N at’l Exchange Bank, Boston,
6 N at’l Security Bank, Boston, .
237 N at’l Shawmut Bank, Boston,.
89 National Union Bank, B oston,.
58 New England N’l B’k, Boston,
129 Old Boston N at’l Bank, Boston,
110 Second National Bank, Boston,
50 South End Nat’l Bank, Boston,


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Federal Reserve Bank of St. Louis

Par Value.

$14,100
3,200
1,000
6,300
7,000
5,000
12,000
22,500
2,100
600
23,700
8,900
5,800
12,900
11,000
5,000

Estimated
Market Value.

$15,510
3,200
1,310
17,325
7,280
10,100
14,160
36,450
3,150
1,800
61,620
16,020
8,004
13,545
23,430
4,500

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

Amount Invested.

$14,100
3,200
1,000
6,300
7,000
5,000
12,000
22,500
2,100
600
23,700
8,900
5,800
12,900
11,000
5,000

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

REPORT OF THE

12

[Pub. Doc.

A n d o v er S a v in g s B an k — Continued.

No. of
Shares.

Detailed Statement o f Bank Stocks — Concluded.
Par Value.

118
25
172

State National Bank, Boston, .
Trem ont Nat’l Bank, Boston, .
W ebster and Atlas National
Bank, Boston,
3 First National Bank. Danvers,
50 W achusett N’l B’k, Fitchburg,
100 Bay State N’l Bank, Lawrence,
25 Union N at’l Bank, Weymouth,

$11,800
875

Estimated
Market Value.

$17,818 00

_

17,200

24,421
15
5,000
11,500
125

_

5,000
7,500
375

00
00
00
00
00

Amount Invested.

$11,800 00
843 00
17,200 00

_

5,000 00
7,500 00
375 00

$183,850 $296,286 00 $183,818 00

Detailed Statement o f Railroad Bonds.
Par Value.

Boston & Lowell K.R. 3^s,
Boston & Lowell 14.14. 4s,
Boston & Maine R.R. 4s, .
Boston & Maine 14 R. 4£s,
Chic., Burlington & Quincy R.R. 8^s,
Chicago & Northwestern R.R. 3és, .
Cleveland & Pittsburgh 14.14. 3£s, .
Concord & Montreal R.R. 4s, .
Conn. & Passumpsic Rivers R.R. 4s,
Danbury & Norwalk R.R. 6s, .
Fitchburg R.14 4s, .
Fitchburg R.R. 5s, .
Illinois Central R 14 3s, .
Illinois Central R R. 3ès, .
Illinois Central 14.14. 4s, .
Maine Central R.R 4s,
Maine Central 14.14. 4£s, .
Maine Central and European &
Noi’th American R.R. 4s,
Manchester & Lawrence R.R. 4s,
Newport & Rich ford R.R. 5s, .
New York Central & Hudson River
R.R 3 i s , ....................................
New York, New Haven & Hartford
R.R. 3ès,
.
.
.
.
.
New York, New Haven & H artford
14.14. 4 s ,.............................................
Old Colony R.R. 4s, .
Peoria & Northwestern R.R. 3£s,
Princeton & Northwestern R.R. 3ès,


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

$10,000
50,000
110,000
30,000
25,000
15,000
60,000
100,000
20,000
25,000
105,000
50,000
85,000
10,000
35,000
10,000
25,000

Estimated
Market Value.

$9,900
51,100
117,275
35,400
23,875
15,000
59,400
104,000
21,600
28,500
108,375
51,500
71,400
9,400
37,375
10,200
26,187

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

Amount Invested.

$10,000
50,000
110,000
30,000
23,871
15,000
60,000
99,987
20,000
25,000
105,000
50,000
76,680
10,000
35,000
10,000
25,000

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

5,000
25,000
13,000

5,300 00
26,125 00
13,715 00

5,000 00
25,000 00
13,000 00*

50,000

49,375 00

49,875 00

25,000

23,937 50

25,000 00

25,000
148,000
15,000
10,000

26,312
158,950
14,550
9,700

* A legal investment when made.

50
00
00
00

25,000
148,000
14,681
9,693

00
00
25
75

No. 8.]

SAYINGS BANK COMMISSIONERS.

13

A n d o v er S av in g s B a n k — Continued.
Detailed Statement o f Railroad Bonds — Concluded.
Estimated
Market Value.

Amount Invested.

$25,000

$27,125 00

$25,000 00

25,000
50,000

31,000 00
52,500 00

25,000 00
50,000 00

Par Value.

Providence & W orcester R.R. 4s, .
St. Johnsbury & Lake Champlain
R.R. 5 s , .............................................
W orcester, Nashua & Roch. R.R. 4s,

$1,181,000 $1,219,077 50 $1,170,788 75

Boston Terminal Company Bonds.
Par Value.

Boston Terminal Company 3js,

$20,000

Estimated
Market Value.

Amount Invested.

$22,200 00

$20,000 00

Total Amount o f Loans, with Each Specified Rale o f Interest.
Amount.

$3,953
984
12,294
260,365

Rate.

98
37
13
55

2 per cent.
2è
“
3
«
4

Amount.

$184,600
10,000
1,360,484
31,450

00
00
14
00

Rate.

Amount.

4£ per cent.
4a
5
5d
“

$172,180 00
157 60

Rate.

6 per cent.
7

Value, by books, of real estate held or owned by foreclosure or otherwise,
Assessed value of the s a m e ,...............................................................................
Number of loans which are of an amount not exceeding $3,000 each, 568
Aggregate amount of the s a m e , ......................................................................
Total number of loans upon real estate.....................................................692
Gross amount of interest or profits received, as per books, during year
ending Oct. 31, 1 9 0 5 ,.......................................................................................
Times when dividends are payable, as fixed by the by-laws : third Wednes­
day of June and December. Deposits commence to draw interest: third
Wednesday of March, June, September and December.
Rate and amount of each semi-annual dividend f 2 per cent., $65,687 74 |
during the year ending Oct. 31, 1905,
.
I 2 per cent.,
67,861 72 1
Number of accounts opened during the year ending Oct. 31, 1905, . 756
Number of accounts closed during the year ending Oct. 31, 1905,
. 456
Total number of open accounts Oct. 31, 1905,
. . . .
7,470


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

$24,850 00
29,050 00
908,927 43

169,332 13

133,549 46

14

REPORT OF THE

[Pub. Doc.

A n d o v er S av in g s B a n k — Concluded.
Total expenses of the corporation for the year ending Oct. 31, 1905 (ex­
clusive of taxes),
........................................................................................$7,668 28
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 5 ,............................................................. ........
471,256 88
Number of s a m e , ...............................................................................5,309
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 9 0 5 , ...................................................................... ........
358,380 38
Number of s a m e , ...............................................................................3,860
Date of examination by commissioner : August 15


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Federal Reserve Bank of St. Louis

No. 8.]

SAYINGS BANK COMMISSIONERS.

15

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

Incorporated April 2, 1860.
W il l ia m G. P e c k , President.
H e n r y B l a sd a l e , Treasurer.
H e n r y B l a sd a l e , Clerk o f the Corporation.

Names of committee charged with the investment of its funds :
W il l ia m G. P e c k ,
G eorge H il l ,
E d w a r d S. F e s s e n d e n .

Open for business every business day, 3 to 5.30 p . m . ; also Wednesdays and Saturdays,
7 to 9 p . m .

B alance S heet Oct. 31, 1905.

L ia b il it ie s .

A ssets.

Public funds, as per schedule, .
Bank stock, as per schedule,
Loans on bank stock,.
Railroad bonds, as per schedule,
Street railway bonds, as per
schedule,...................................
Real estate (for banking purp o s e s ) , ...................................
Real estate by foreclosure, etc.,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
( n o t e s ) , ...................................
Loans on depositors’ books,
Deposits in banks, on interest, .
Expense account,
Insurance account,
Cash on hand, .
. . .

$654,750
12,000
9,000
242,000

00
00
00
00

62,000 00
100
1,500
1,027,038
19,000

00
00
75
00

10,298
110
51,995
2,802
12
4,251

64
00
00
94
50
55

$2,096,859 38

Cash on Deposit in Banks, amount in each: —
First National Bank, Arlington, .
.
.
.
Atlantic National Bank, Boston,
Faneuil Hall National Bank, Boston,.
Loans on Bank Stock, amount on each : —
50 shares Atlantic National Bank, Boston,.
30 shares Atlantic National Bank, Boston, .
10 shares Atlantic National Bank, Boston, .


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

Deposits, .
Guaranty fund,
Interest account,
Profit and loss account, .
Surplus, .
Rent account, .
Due on mortgage
loans, .
Collection account, .
Premium account, .

$1,909,662 10
96,495 27
15,464 19
41,743 75
19,500 00
1,468 74
5,000 00
70 13
7,455 20
.

$2,096,859 38

$16,293 38
26,686 62
9,015 00

$5,000 00
3,000 00
1,000 00

REPORT OF THE

16

[Pub. Doc

A rlin g to n F iv e C en ts S a v in g s B an k — Continued.
Detailed, Statement o f Public Funds.
Par Value.

City of Augusta, Me., 4 s,.
of Belfast, Me., 4s, .
of Brockton, Mass., 4s,
of Chelsea, Mass., 4s,
of Cleveland, Ohio, 5s,
of Davton, Ohio, 5 s,.
of Dover, N. H., 4s, .
of Fall River, Mass., 4}s,
of Gloucester, Mass., 4s, .
of Grand Rapids, Mich., 4s,
of Indianapolis, Ind., 4s, .
of Kansas City, Mo., 4 ¿s,.
of Lewiston, Me., 5s,
of Lynn, Mass., 4s, .
of Medford, Mass., 4s,
of Melrose. Mass , 4s,
of New London, Conn., 4s,
of Norwalk, Conn ,4 s,
of Portland, Me , 6s,
of Rochester, N. H., 4s, .
of Somersworth, N. H., 4s,
of Saginaw, Mich , 4s,
of South Norwalk, Conn., 4s, .
of Springfield, Ohio, 4s, .
of Springfield, Ohio, 4 ¿ s,.
of Terre Haute, Ind., 4^s,
of W allingford, Conn., 4s,
of W aterbury, Conn., 4s, .
of Woburn, Mass., 3¿s,
of Woonsocket, R. I., 4s, .
of Youngstown, Ohio, 4¿s,
of Youngstown, Ohio, 5s,
Town of Arlington, Mass., 3¿s,
of Arlington, Mass., 4s, .
of Attleborough, Mass., 4s, .
of Chatham, Mass., 4£s,
of Concord, Mass., 4s, .
of Cranston, R, I., 4s,
of Gardner, Mass., 4s, .
of Hull, Mass., 5s, .
of Leicester, Mass., 4s, .
of Lexington, Mass., 4s,
of Methuen, Mass , 4s, .
of Revere, Mass., 3¿s, .
of Rockport, Mass., 4s, .
of W ellesley, Mass., 4 s,.
of Westfield, Mass., 4s, .
of W inchester, Mass., 4s,


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Federal Reserve Bank of St. Louis

$ 15,000
15,000
12,000
1,000
3,000
25,000
15,000
10,000
22,500
8,000
15,000
30,000
1,000
15,000
10,000
10,000
16,000
20,000
20,000
6,000
10,000
11,000
10,000
14,000
22,000
4,000
12,000
5,000
2,000
25,000
9,500
7,000
52,000
44,750
10,000
8,000
25,000
2,000
15,000
18,000
8,000
9,000
15,000
12,000
13,000
2,000
16,000
4,000

Estimated
Market Value.

$16,200 00
15,750 00
12,502 50
1,060 00
3,045 00
26,375 00
15,450 00
10,500 00
23,184 40
8,120 00
15,900 00
32,175 00
1,140 00
16,275 00
10,400 00
10,500 00
17,040 00
20,200 00
20,700 00
6,390 00
10,500 00
11,110 00
10,650 00
14,467 50
23,590 00
4,060 00
12,780 00
5,275 00
2,000 00
25,750 00
9,845 00
7,157 50
52,520 00
46,642 25
10,475 00
8,040 00
27,000 00
2,080 00
15,912 50
19,620 00
8,015 00
9,630 00
15,852 50
12,000 00
13,615 00
2,000 00
16,630 00
4,170 00

Amount Invested.

$15,000 00
15,000 00
12,000 00
1,000 00
3,000 00*
25,000 00
15,000 00
10,000 00
22,500 00
8,000 00
15,000 00
30,000 00
1,000 00
15,000 00
10,000 00
10,000 00
16,000 00
20,000 00
20,000 00
6,000 00
10,000 00
11,000 00*
10,000 00
14,000 00
22,000 00
4,000 00
12,000 00
5,000 00
2,000 00
25,000 00*
9,500 00
7,000 00
52,000 00
44,750 00
10,000 00
8,000 00
25,000 00
2,000 00*
15,000 00
18,000 00
8,000 00
9,000 00
15,000 00
12,000 00
13,000 00
2,000 00
16,000 00
4,000 00

$654,750 $684,294 15 $654,750 00
Legal investments when made.

No. 8.]

SAYINGS BANK COMMISSIONERS

17

A rlin g to n F iv e C en ts S a v in g s B a n k — Continued.

No. of
Shares.

Detailed Statement o f B ank Stocks.

10
50
50
33
12
12

Par Value.

First Nat’l Bank, Arlington, .
Atlantic N at’l Bank, Boston, .
Faneuil Hall N’l B’k, Boston, .
N’l B’k of the Republic, Boston,
National Union Bank, Boston,
Dedham Nat’l Bank, Dedham,

Estimated
Market Value.

$1,250
6,750
6,550
5,316
2,160
1,296

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

00
00
00
00
00
00

O
o

ZO

$23,352 00

Amount Invested.

$722
3,613
3,613
2,384
867
799

63
14
14
67
15
27

$12,000 00

Detailed Statement o f Street Railway Bonds.
Estimated
Market Value.

Amount Invested.

$25,000
27.000
10.000

$27,750 00
28,072 50
10,600 00

$25,000 00*
27.000 00
10.000 00

$62,000

$66,422 50

$62,000 00

Par Value.

Lynn & Boston Railroad Co. 5s,
W est End Street Railway Co. 4s,
W est End Street Railway Co. 4£s, .

* A legal investment when made.

Detailed Statement o f Railroad Bonds.
Par Value.

»
Boston, Clinton, Fitchburg & New
Bedford R.R. 5s, .
Chic., Burlington & Quincy R.R. 4s,
Chicago & Northwestern R.R. 4s, .
Concord & Montreal R.R. 4s, .
Fitchburg R.R. 4s, .
Kansas City, St. Joseph & Council
Bluffs R.R. 7s,
. . .
Maine Central R.R. 7s,
Newport & Richford R R. 5s, .
New York, New Haven & Hartford
R.R. 4s, .............................................
Old Colony R.R. 4s, .
Penobscot Shore Line R.R. 4s,
Portsmouth, Great Falls & Conway
R.R. 44s,
....................................
St. Johnsbury & Lake Champlain
R.R. 5 s ,.............................................


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

$25,000
15,000
5,000
35,000
12,000

Estimated
Market Value.

$26,375
15,975
5,200
36,400
12,470

00
00
00
00
00

Amount Invested.

$25,000
15,000
5,000
35,000
12,000

00
00
00
00
00

20,000
10,000
20,000

20,700 00
11,850 00
21,100 00

20,000 00
10,000 00
20,000 00*

25,000
30,000
10,000

25,500 00
32,250 00
10,400 00

25,000 00
30,000 00
10,000 00

15,000

17,325 00

15,000 00

20,000

24,800 00

20,000 00

$242,000 $260,345 00 $242,000 00
* A legal investment when made.

[Pub. Doc.

REPORT OF THE

18

A rlin g to n F iv e C en ts S a v in g s B a n k — Concluded.
Total Amount o f Loans, with Each Specified Rate o f Interest.
Kate.

Amount.

Rate.

Amount.

Rate.

2 per cent.
4
44
“

$776,101 19
59,500 00
58,000 00

5 per cent.
H
54
“

$123,997 56
1,400 00
900 00

6 per cent.
64
“
7

Amount.

$51,995 00
19,298 64
26,250 00

$100 00
Amount invested in real estate for banking purposes.....................................
25,000 00
Estimated value of the s a m e , ......................................................................
24,226 00
Assessed value of the s a m e ,...............................................................................
299 49
Net income received from same during year ending Oct. 31, 1905,
Value, by books, of other real estate held or owned by foreclosure or
1,500 00
o th e r w ise ,.........................................................................................................
1,700 00
Assessed value of the s a m e ,...............................................................................
Number of loans which are of an amount not exceeding $3,000 each, 253
267,187 98
Aggregate amount of the s a m e , ......................................................................
Total number of loans upon real e s t a t e , ............................................ 349
Gross amount of interest or profits received, as per books, during year
96,298 74
ending Oct. 31, 1 9 0 5 ,.......................................................................................
Times when dividends are payable, as fixed by the by-laws : first Satur­
day of January and July. Deposits commence to draw interest: first
Saturday of January, April, July and October.
Rate and amount of each semi-annual dividend \ 1 | per cent., $31,364 31 1 62,960 74
during the year ending Oct. 31, 1905,
. < 1| per cent., 31,596 43 i
Number of accounts opened during the year ending Oct. 31, 1905, . 464
Number of accounts closed during the year ending Oct. 31, 1905,
. 323
Total number of open accounts Oct. 31, 1905,
. . . .
5,825
Total expenses of the corporation for the year ending Oct. 31, 1905 (ex­
6,044 91
clusive of taxes),
........................................................................................
Amount of deposits, not including dividends, received during the year
263,973 06
ending Oct. 31, 1 9 0 5 ,.......................................................................................
Number of s a m e , ...............................................................................5,525
Amount of withdrawals, including dividends, during the year ending
274,089 81
Oct. 31, 1 9 0 5 , ................................................................................................
Number of s a m e , ...............................................................................3,412
Date of examination by commissioner: January 26.


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Federal Reserve Bank of St. Louis

No. 8.]

19

SAYINGS BANK COMMISSIONERS.

A S S A B E T IN S T IT U T IO N F O R S A V I N G S — M A Y N A R D .
Incorporated March 31, 1904.
C l a r e n c e J . B o d f is h , President.
A l f r e d T . H a y n e s , Treasurer.
H o w a r d A . W i l s o n , Clerk o f the Corporation.

Names of committee charged with the investment of its funds:
C l a r e n c e J . B o d f is h ,
S. R a y m o n d K it c h e n ,
A b e l G. H a y n e s ,
C h a r l e s H. P e r s o n s ,
J ohn W . Og d en .

Open for business every business day from 10 a .m . to 1 p . m . ; also Fridays, 7 to 8 p . m . ;
Saturdays, 3 to 4 p .m .

B alance S heet Oct . 31, 1905.

A ssets.

Railroad bonds, as per schedule,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
(notes)........................................
Deposits in banks, on interest, .
Expense account,
Furniture and fixtures,
Cash on hand, .
.
.
.

L ia b il it ie s .

$1,472 75
19,338 00
5,625 00
300
1,876
125
69
80

00
58
33
81
36

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

$28,887 83

$28,659 42
47 57
90 62
90 22

$28,887 83

Cash on Deposit in Banks, amount in each: —
Hudson National Bank, H u d s o n , ............................................................. $1,818 25
Old Colony Trust Company, B o sto n ,.............................................................
58 33

Detailed Statement o f Railroad Bonds.
Par Value.

Maine Central R.R. 4s,
Peoria & Northwestern R.R. 3£s,


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

Estimated
Market Value.

Amount Invested.

$500
1,000

$506 25
970 00

$508 75
964 00

$1,500

$1,476 25

$1,472 75

20

REPORT OF THE

[Pub. Doc.

A ssa b e t In stitu tio n fo r S a v in g s — Concluded.
Total Amount o f Loans, with Each Specified Rate of Interest.
Amount.

$1,876 58
300 00

Kate.

2 per cent.
4

Amount.

$18,268 00
2,000 00

Rate.

5 per cent.
5é
“

Amount.

$4,695 00

Rate.

6 per cent.

Number of loans which are of an amount not exceeding $3,000 each, 33
Aggregate amount of the s a m e , ......................................................................$25,263 00
Total number of loans upon real e s t a t e , ............................................18
Gross amount of interest or profits received, as per books, during year
ending Oct. 31, 1 9 0 5 ,.......................................................................................
639
Times when dividends are payable, as fixed by the by-laws: first day of
January and July. Deposits commence to draw interest: first day of
January, April, July and October.
Rate and amount of each semi-annual dividend ( 1| per cent.,
$78 61 )
during the year ending Oct. 31, 1905, .
. ( 1| per cent.,
273 07 J
Number of accounts opened during the year ending Oct. 31, 1905, . 160
Number of accounts closed during the year ending Oct. 31, 1905,
. 52
Total number ofmpen accounts Oct. 31, 1 9 0 5 , ................................... 236
Total expenses of the corporation for the year ending Oct. 31, 1905 (ex­
clusive of taxes),
......................................................................
.
74
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 5 ,........................................................................................
28,319
Number of same.............................................................................................680
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1905.........................................................................................................
11,192
Number of s a m e , ....................................................................................... 172
Date of examination by commissioner : September 6.


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

64

52
80

32

No. 8.]

SAYINGS BANK COMMISSIONERS,

21

A T H O L S A V IN G S B A N K — A TH O L.

Incorporated Feb. 12, 1867.
L e v i B. F a t , President.
W i l l ia m G. A v e r t , Treasurer.
W il l ia m G. A v e r t , Clerk o f the Corporation.

Names of committee charged with the investment of its funds:
H e n r t R. S t o w e l l ,
G e o r g e D. B a t e s ,
L evi B. F a t ,

L e c ie n L o r d ,
S olon W . L e e .

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

B alance S heet O ct. 31, 1905.

L ia b il it ie s .

A ssets.

Public funds, as per schedule, .
Bank stock, as per schedule,
Loans on bank stock,.
Railroad bonds, as per schedule,
Street railway bonds, as per
schedule,...................................
Boston Terminal Co. bonds,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
( n o t e s ) , ...................................
Loans on depositors’ books,
Deposits in banks, on interest, .
Expense account,
Furniture and fixtures,
Tax account,
. . . .
Cash on hand, . . . .

$125,000
20.000
1,100
423,600

00
00
00
00

25,000
50,000
1,271,265
835,674

00
00
14
38

25,400
25
108,971
2,178
11,500
3,000
1,972

00
00
34
56
00
00
90

$2,904,687 32

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

$2,631,661 18
127,332 73
44,622 55
101,070 86

$2,904,687 32

Cash on Deposit in Banks, amount in each : —
Athol National Bank, A t h o l , ................................................................................$5,000 00
Miller’s River National Bank, A th o l,.............................................................
52,339 09
First National Bank, B o s t o n , ......................................................................
31,632 25
Franklin County National Bank, G r e e n fie ld ,............................................
10,000 00
Crocker National Bank, Turner’s F a l l s , ..........................................................
10,00000


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Federal Reserve Bank of St. Louis

22

REPORT OF THE

[Pub. Doc.

A th o l S a v in g s B a n k — Continued.
Loans on Bank Stock, amount on each : —
7 shares Miller’s River National Bank, A th ol,............................................
10 shares Hampshire County National Bank, Northampton, .
.
.

$500 00
600 00

Detailed Statement o f Publie Funds.
Par Value.

City of
of
of
of
of
of
of
of
of

Boston, Mass., 4s,
Chicago, 111., 4s, .
Dayton, Ohio, 4 s,.
Dubuque, Iowa, 4s,
Fitchburg, Mass., 3is, .
Indianapolis, Ind., 4s, .
Kansas City, Mo , 4 is ,.
Newton, Mass., 4s,
Newton, Mass., 5s,

Estimated
Market Value.

$5,000
25,000
25,000
10,000
5,000
10,000
25,000
10,000
10,000

$5,137
25,375
26,450
10,350
5,000
10,625
27,000
10,625
10,075

50
00
00
00
00
00
00
00
00

Amount Invested.

$5,000
25,000
25,000
10,000
5,000
10,000
25,000
10,000
10,000

00
00
00
00
00
00
00
00
00

$125,000 $130,637 50 $125,000 00

Detailed Statement o f Bank Stocks.
«W
c <3

Par Value.

^m
41
10
22
77
50

Miller’s River N’l B’k, Athol,
Eliot National Bank, Boston, .
N’l B’k of Commerce, Boston,
Nat’l Shawmut Bank, B oston,.
Springfield Safe Deposit and
T rust Co., Springfield,.

Estimated
Market Value.

$4,100
1,000
2,200
7,700

$6,970
2,000
3,344
20,020

00
00
00
00

Amount Invested.

$4,100
1,000
2,200
7,700

00
00
00
00

5,000

10,000 00

5,000 00

$20,000

$42,334 00

$20,000 00

Detailed Statement o f Street Railway Bonds.
Estimated
Market Value.

Amount Invested.

$20,000
5,000

$22,000 00
5,300 00

$20,000 00*
5,000 00

$25,000

$27,300 00

$25,000 00

Par Value.

Lynn & Boston Railroad Co. 5s,
W est End Street Railway Co. 4is, .


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Federal Reserve Bank of St. Louis

*

A legal investm ent w hen made.

No. 8.]

23

SAYINGS BANK COMMISSIONERS.
A th o l S av in g s B a n k — Continued.
Detailed Statement o f Railroad Bonds.
Par Value.

Boston & Maine R.R. 4s, .
Boston & Providence R.R. 4s, .
Chic., Burlington & Quincy R.R. 4s,
Cleveland & Pittsburgh R R. 3£s, .
Cleveland & Pittsburgh R.R. 4is, .
Erie & Pittsburgh R.R. 3is,
Fitchburg R.R. 4s, .
Fitchburg R.R. 4is, . . . .
Hannibal & St. Joseph R.R. 6s,
Illinois Central R.R. 3ès, .
Illinois Central R R. 4s, .
Milwaukee, Lake Shore & W estern
R.R 5 s ,.............................................
New York, Lackawanna & Western
R.R 6 s ,.............................................
New York, New Haven & H artford
R.R. Sis,
....................................
New York, New Haven & H artford
R.R. 4s, .
.
.

$10,000
25,000
50,000
15,000
25,000
25,000
35,000
20,000
10,000
65,000
25,000

Estimated
Market Value.

$10,725
26,000
52,500
14,700
29,000
24,250
36,575
21,100
11,000
61,350
26,625

Amount Invested.

00
00
00
00
00
00
00
00
oo
00
00

$10,000
25,000
50,000
15,000
25,000
25,000
35,000
20,000
10,000
64,100
25,000

00
00
00
00
00
00
00
00
00
00
00

25,000

30,000 00

25,000 00

20,000

25,400 00

20,000 00

50,000

47,937 50

49,500 00

25,000

26,625 00

25,000 00

$425,000 $443,787 50 $423,600 00

Boston Terminal Company Bonds.
Par Value.

Boston Terminal Company 3is,

$50,000

Estimated
Market Value.

Amount Invested.

$55,500 00

$50,000 00

Total Amount o f Loans, with Each Specified Rate o f Interest.
Kate.

Amount.

$83,971 34
1,250 00
481,540 00

3$
4

per cent.
“
»


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

Amount.

Kate.

Amount.

Rate.

$187,500 00
464.069 38
22,000 00

41 per cent.
41
«

$908,090 49
1,400 00
92,614 65

5 per cent.

43.
*4

<<

5è

6

“

24

REPORT OF THE

[Pub. Doc.

A th o l S a v in g s B a n k — Concluded.
Nuniber of loans which are of an amount not exceeding $3,000 each, 279
Aggregate amount of the s a m e , ......................................................................$311,917 14
Total number of loans upon real e s t a t e , ............................................342
Gross amount of interest or profits received, as per books, during year
ending Oct. 31, 1905............................................................................................
124,973 41
Times when dividends are payable, as fixed by the by-laws : first day of
January and July. Deposits commence to draw interest: first day of
January, April, July and October.
Rate and amount of each semi-annual dividend f 2 per cent., $47,742 65 | gr, jgg gg
during the year ending Oct. 31, 1905,
.
1 2 per cent., 49,417 21 )
’
Number of accounts opened during the year ending Oct. 31, 1905, . 905
Number of accounts closed during the year ending Oct. 31, 1905,
. 622
Total number of open accounts Oct. 31, 1905...................................
6,861
Total expenses of the corporation for the year ending Oct. 31, 1905 (ex­
clusive of taxes),
.......................................................................................
6,659 35
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 5 ,.......................................................................................
428,414 82
Number of s a m e , ...............................................................................4,794
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 9 0 5 , ................................................................................................
352,587 99
Number of s a m e , ...............................................................................6,041
Date of examination by commissioner : May 4.


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Federal Reserve Bank of St. Louis

No. 8.]

SAVINGS BANK COMMISSIONERS

25

A T T L E B O R O U G H S A V IN G S B A N K — N O R T H A T T L E ­
BO R O U G H .
Incorporated Feb. 2, 1860.
A l b e r t T o t t e n , President.
E d w a r d E . K i n g , Treasurer.
W i l l ia m H . P o n d , Clerk o f the Corporation.

Names of committee charged with the investment of its funds :
A l b e r t T otten ,
G eo rg e W . Ch e e v e r ,
F r e d E . St u r d y ,
L o u is J. L a m b ,
E d g a r L . H ix o n ,
C h a r l e s E . B l is s ,
M ark E . R ow e.

Open for business every business day except Saturdays, 9 a .m . to 3 p .m . ;
Saturdays, 9 a .m . to 12 m .

B alance S h eet Oct . 31, 1905.

A ssets.

Public funds, as per schedule, .
Railroad bonds, as per schedule,
Boston Terminal Co. bonds,
Stocks, bonds, etc., taken to secure indebtedness, .
Real estate (for banking purp o s e s ) , ...................................
Real estate by foreclosure, etc.,.
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
( n o t e s ) ,...................................
Loans on depositors’ books,
Deposits in banks, on interest, .
Expense account,
Real estate for banking, expense
a c c o u n t,...................................
Cash on hand, . . . .

L ia b il it ie s .

$27,000 00
284,787 00
50,000 00
10,818 75
30,000
47,611
1,026,815
759,861

00
46
57
02

4,000
1,000
25,699
309

00
00
39
47

$2,099,077 71
104,000 00
11,410 36
58,862 56

373 66
5,074 31
$2,273,350 63

Cash on Deposit in Banks, amount in each: —
Eliot National Bank, Boston,
.
.
.
.
Jewelers National Bank, North Attleborough, .


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Federal Reserve Bank of St. Louis

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

$2,273,350 63

$22,146 89
3,552 50

REPORT OF THE

26

[Pub. Doc.

A ttle b o r o u g h S av in g s B a n k — Continued.
Detailed Statement o f Publie Funds.
Par Value.

City of Brockton, Mass., 4s,
of Sioux City, Iowa, 4<Js,,

Estimated
Market Value.

Amount Invested.

$2,000
25,000

$2,045 00
25,625 00

$2,000 00
25,000 00

$27,000

$27,670 00

$27,000 00

Detailed Statement o f Railroad Bonds.
Par Value.

Boston & Albany R.R. 3£s,
Boston & Maine R R. 3¿s,
Chic., Burlington & Quincy R.R. 3¿s,
Fitchburg R.R, 4s, .
Illinois Central R R. 3s, .
Illinois Central R.R. 3 ¿ s,.
New York, New Haven & Hartford
R.R. 3 é s , ....................................
New York, New Haven & H artford
R.R. 4s................................................

$25,000
30,000
50,000
50,000
60,000
25,000

Estimated
Market Value.

$25,000
29,550
47,750
51,343
50,400
23,500

00
00
00
75
00
00

Amount Invested.

$25,000
23,987
47,750
50,0(10
54,300
23,750

00
00
00
00
00
00

25,000

24,000 00

25,000 00

30,000

32,025 00

30,000 00

$295,000 $283,568 75 $284,787 00

Boston Terminal Company Bonds.
Par Value.

Boston Terminal Company 3¿s,

$50,000

Estimated
Market Value.

Amount Invested.

$55,500 00

$50,000 00

Total Am ount o f Loans, with Each Specified Rate o f Interest.
Amount.

$3,552
22,146
15,750
4,000
40,000

Kate.

50
89
00
00
00

2 per cent.
2é
“
3
3è
4


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

“
“
“

Amount.

$499,750
25.000
30.500
757,293
25.000

Kate.

00
00
00
30
00

4 J per cent.
4|
“
4|
5
“
5|
“

Amount.

$39,850 00
354,183 29
350 00

Rate.

per cent.
6

7

“

No. 8.]

SAYINGS BANK COMMISSIONED.

27

A ttle b o r o u g h S a v in g s B a n k — Concluded.
Amount invested in real estate for banking purposes......................................$30,000 00
Estimated value of the s a m e , ......................................................................
30,000 00
Assessed value of the s a m e ,...............................................................................14,740 00
Value, by books, of other real estate held or owned by foreclosure or
o th e r w ise ,.........................................................................................................47,611 46
Assessed value of the s a m e ,...............................................................................
45,350 00
Number of loans which are of an amount not exceeding $3,000 each, 372
Aggregate amount of the s a m e , ......................................................................
367,941 68
Total number of loans upon real e s t a t e , ............................................ 431
Amount of investments from which no income is received,
.
.
.
21,908 51
Gross amount of interest or profits received, as per books, during year
ending Oct. 31, 1 9 0 5 ,.......................................................................................
106,831 41
Times when dividends are payable, as fixed by the by-laws : Tuesday
after second Monday of April and October. Deposits commence to
draw interest: first day of January, April, July and October.
Rate and amount of each semi-annual dividend j 2 per cent., $37,844 01 1 ^
jg
during the year ending Oct. 31, 1905,
.
I 2 per cent.,
39,497 75 )
Number of accounts opened during the year ending Oct. 31, 1905,
1,060
Number of accounts closed during the year ending Oct. 31, 1905,
. 733
Total number of open accounts Oct. 31, 1905,
. . . .
6,197
Total expenses of the corporation for the year ending Oct. 31, 1905 (ex­
clusive of taxes),
.......................................................................................
4,334 93
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 5 ,.......................................................................................
482,712 41
Number of s a m e , ...............................................................................6,909
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1905.........................................................................................................
417,465 12
Number of s a m e , ...............................................................................4,758
Date of examination by commissioner : March 14.


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Federal Reserve Bank of St. Louis

REPORT OF THE

28

[Pub. Doc.

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

Incorporated May 1, 1869.
C h a r l e s H. F o l l a n s b y , President.
M. B. H a n c o c k , Treasurer.
F r a n k A . R i c h , Clerk o f the Corporation.

Names of committee charged with the investment of its funds :
C h a r l e s H. F o l l a n s b y ,
J o h n C. B a r t h o l o m e w ,
G e o r g e N. H a r w o o d ,
G e o r g e W . Cook,
Charles F . A tw ood.

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

m.

; 1 to 3 p . m . ;

B alance S heet Oct . 31, 1905.

A ssets.

Public funds, as per schedule, .
Bank stock, as per schedule,
Railroad bonds, as per schedule,
Street railway bonds, as per
schedule......................................
Boston Terminal Co. bonds,
Real estate (for banking purp o s e s ) , ...................................
Real estate by foreclosure, etc ,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
( n o t e s ) , ...................................
Deposit in bank, on interest,
Deposit in bank, not on interest,
Expense account,
Furniture and fixtures,
Suspense account,
Taxes paid,...................................
Cash on hand, . . . .

L ia b il it ie s .

$59.700 00
29,206 00
174,962 50
21,500 00
30,000 00
10,896
10,825
459,087
150

31
56
97
00

5,000
21,000
3,677
676
2,338
14
89
356

00
00
97
11
95
82
04
63

$829,481 86

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

$770,755 65
36,100 00
6,118 24
16,507 97

$829,481 86

Cash on Deposit in Bank : —
First National Bank, B a r r e , ...................................................................... $24,677 97


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Federal Reserve Bank of St. Louis

No. 8.]

29

SAYINGS BANK COMMISSIONERS
B arre S a v in g s B a n k — Continued.
Detailed Statement o f Public Funds.
Par Value.

County of Washington, Me., 4s,
City of Akron, Ohio, 5s, .
of Canton, Ohio, 3ès,
of Kansas City, Mo., l^ s,.
of Springfield, Ohio, 5s, .
of Wilkes-Barre, Pa., 3és,
Town of North Attleboro’, Mass., 4s,
of West Springfield, Mass , 4s,

Estimated
Market Value.

$5,000
5.000
5.000
10,000
10,000
10,000
9,700
5.000
$59,700

$5,300
5,025
4,950
10,725
11,150
9,900
10,216
5,400

00
00
00
00
00
00
00
00

$62,666 00

Amount Invested.

$5,000
5.000
5.000
10,000
10,000
10,000
9,700
5.000

00*
00
00*
00
00
00
00
00

$59,700 00

* Legal investm ents when made.

No. of
Shares.

Detailed Statement o f B ank Stocks.
Par Value.

36 First National Bank, Barre,
20 Boylston Nat’l Bank, Boston, .
17 Continental N ’l Bank, Boston,
25 Eliot National Bank, Boston, .
23 F irst National Bank, Boston, .
32 N’l B’k of Commerce, Boston,
34 Second National Bank, Boston,
50 Nat’l Market Bank, Brighton,.
7 W are National Bank, Ware, .
25 City N at’l Bank, Worcester, .
20 First N at’l Bank, W orcester, .

$3,600
2,000
-

2,500
2,300
3,200
3,400
5,000
700
1,500
1,000
$25,200

•

Estimated
Market Value.

Amount Invested.

00
00
00
00
00
00
00
00
00
00
00

$3,600 00
2,060 00
_
2,950 00
5,405 00
3,456 00
5,100 00
5,150 00
735 00
250 00
500 00

$36,636 00

$29,206 00

$3,600
2,000
85
5,000
6,325
4,864
7,242
5,500
770
250
1,000

Detailed Statement o f Street Bailway Bonds.
Par Value.

Fitchburg & Leominster Street Rail­
way Co. 4£s, .
.
.
.
.
Fitchburg & Leominster Street Rail­
way Co. 5 s , ....................................


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Federal Reserve Bank of St. Louis

$5,000
1,500

Estimated
Market Value.

Amount Invested.

$5,650 00 “ $5,000 00
1,650 00

1,500 00

30

REPORT OF THE

[Pub. Doc.

B arre S av in g s B an k — Continued.
Detailed Statement of Street Railway Bonds — Concluded.
Estimated
Market Value.

Amount Invested.

$5,000
10,000

$5,200 00
10,600 00

$5,000 00*
10,000 00

$21,500

$23,100 00

Par Value.

Lowell & Suburban Street Railway
Co. 5 s , .............................................
W est End Street Railway Co. 4s, .

$21,500 00

* A legal investment when made.

Detailed Statement o f Railroad Bonds.
Par Value.

Boston, W inthrop & Shore R.R. 5s,
Chic., Burlington & Quincy R R. 3¿s,
Chic., Burlington & Quincy R.R. 4s,
Eastern R.R. 6s,
. . .
Fitchburg R.R. 4s, .
Illinois Central R.R 3s, .
Illinois Central R R. 4s, .
Lime Rock R.R. 4s..............................
Michigan Central R.R. 3¿s,
New York, New Haven & Hartford
R.R. 3¿s,
....................................
New York, New Haven & Hartford
R R. 4 s ,.............................................
Portland & Ogdensburg R R. 5s,
Rumford Falls & Rangeley Lakes
R.R. 5s...............................................
St. Johnsbury & Lake Champlain
R.R. 5 s ,.............................................
W ashington County R.R. 3¿s, .

$5,000
20,000
5,000
5,000
10,000
30,000
10,000
5,000
10,000

Estimated
Market Value.

$5,025
19,100
5,325
5,075
10,500
25,200
10,625
5,000
9,800

00
00
00
00
00
00
00
00
00

Amount Invested.

$5,000
19,925
5,000
5,000
10,000
27,150
10,000
5,000
9,650

00
00
00
00
00
00
00
00
00

10,000

9,575 00

10,000 00

10,000
5,000

10,700 00
5,150 00

10,000 00
5,000 00

10,000

11,800 00

10,000 00

15,000
30,000

18,600 00
28,500 00

15,000 00
28,237 50

$180,000 $179,975 00 $174,962 50

Boston Terminal Company Bonds.
Par Value.

Boston Terminal Company 3£s,


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Federal Reserve Bank of St. Louis

$30,000

Estimated
Market Value.

$33,300 00

Amount Invested.

$30,000 00

No. 8.]

31

SAYINGS BANK COMMISSIONERS.
B arre S avin gs B a n k — Concluded.

Total Am ount o f Loans, with Each Specified Rate o f Interest.
Kate.

Amount.

Rate.

Amount.

Rate.

2 per cent.
4
“
H
“

$191,691 97
21,900 00
102,310 00

5 per cent.
H
“
5£
“

$118,336 00

6 per cent.

Amount.

$21,000 00
5,000 00
25,000 00

$10,896 31
Amount invested in real estate for banking purposes,...................................
10,896 31
Estimated value of the s a m e , ......................................................................
6,800 00
Assessed value of the s a m e ,...............................................................................
122 87
Net income received from same during year ending Oct. 31, 1905,
Value, by books, of other real estate held or owned by foreclosure or
10.825 56
o th e r w ise ,.........................................................................................................
13,000 00
Assessed value of the s a m e ,...............................................................................
Number of loans which are of an amount not exceeding $3,000 each, 207
245,802 97
Aggregate amount of the same............................................................................
Total number of loans upon real estate..................................................... 234
10.825 56
Amount of investments from which no income is received, . . . .
Gross amount of interest or profits received, as per books, during year
38,543 29
ending Oct. 31, 1 9 0 5 ,.......................................................................................
Times when dividends are payable, as fixed by the by-laws: fifteenth day
of January and July. Deposits commence to draw interest: fifteenth
day of January, April, July and October.
Rate and amount of each semi-annual dividend j 1| per cent., $13,522 01 1 27,012 20
during the year ending Oct. 31,1905, .
. I 1| per cent.,
13,490 19 )
Number of accounts opened during the year ending Oct. 31, 1905, . 155
Number of accounts closed during the year ending Oct. 31, 1905,
. 177
Total number of open accounts Oct. 31, 1905,
. . . .
1,914
Total expenses of the corporation for the year ending Oct. 31,1905 (ex­
1,996 68
.......................................................................................
clusive of taxes),
Amount of deposits, not including dividends, received during the year
67,371 54
ending Oct. 31, 1 9 0 5 ,........................................................................................
Number of s a m e , ...........................................................................................961
Amount of withdrawals, including dividends, during the year ending
112,859 81
Oct. 31, 1 9 0 5 , ................................................................................................
Number of s a m e , ........................................................................................1,018
Date of examination by commissioner: September 22.


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Federal Reserve Bank of St. Louis

32

REPORT OF THE

[Pub. Doc.

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

Incorporated April 15, 1874.
H ir a m L o r in g , President.
H ir a m D. L o r in g , Treasurer.
E . L a w r e n c e J e n k in s , Clerk o f the Corporation.

Names of committee charged with the investment of its funds :
H ir a m L o r in g ,
G e o r g e H . L o r in g ,
E d w in B a x t e r ,
Charles G. B a k e r ,
J a m e s H . J e n k s , Jr.

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

B alance S jieet Oct. 31, 1905.

A ssets.

Public funds, as per schedule, .
Bank stock, as per schedule,
Loans on bank stock,.
Railroad bonds, as per schedule,
Street railway bonds, as per
schedule......................................
Real estate by foreclosure, etc.,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
( n o t e s ) , ...................................
Deposits in banks, on interest, .
Expense account,
Cash on hand, .
.
.
.

L ia b il it ie s .

$11,752
30,447
1,100
119,027

50
05
00
75

6,195
23,093
254,416
24,566

00
72
01
00

2,000
11,813
159
1,924

00
04
05
82

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

$486,494 94


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

1,664 86

$486,494 94

Cash on Deposit in Banks, amount in each : —
Central National Bank, Boston (in liquidation),
National Shawmut Bank, B o s t o n , ............................................
New England National Bank, Boston.............................................
First National Bank, H y a n n is ,.....................................................
Loans on Bank Stock, amount on each : —
2 shares First National Bank of Yarmouth, Yarmouthport,
10 shares National Shoe and Leather Bank, Auburn, Me.,

$459,342 85
23,292 66
2,194 57

.

$246
1,550
6,184
3,832

06
71
10
17

$200 00

900 00

No. 8.]

SAVINGS BANK COMMISSIONERS.

33

B a ss R iv er S avio g s B an k — Continued.
Detailed Statement o f Public Funds.

Massachusetts 3^s, . . . .
Town of Spencer, Mass , 4s, .

Par Value.

Estimated
Market Value.

$6,000
5,000

$6,285 00
5,181 25

$6,840 00
4,912 50

$11,000

$11,466 25

$11,752 50

Amount Invested.

No. of
Shares.

Detailed Statement o f Bank Stocks.
Par Value.

55 Faneuil Hall N’l B’k, Boston, .
23 Merchants Nat’l Bank, Boston,
50 N’l B’k of the Republic, Boston,
50 N at’l Exchange Bank, Boston,
7 Old Boston Nat’l Bank, Boston,
25 Second National Bank, Boston,
11 State National Bank, Boston, .
24 F irst N ’l Bank, New Bedford,
9 First N ’l Bank, Yarmouthport,

$5,500
2,300
5,000
5,000
700
2,500
1,100
2,400
900
$26,695

Estimated
Market Value.

$7,205
4,646
8,100
7,500
735
5,325
1,661
3,264
1,125

00
00
00
00
00
00
00
00
00

$39,561 00

Amount Invested.

$6,765
2,990
5,749
5,927
756
3,258
1,472
2,400
1,128

00
00
88
00
00
00
50
00
67

$30,447 05

Detailed Statement o f Street Bailway Bonds.

W est End Street Railway Co. 4s,

.

Par Value.

Estimated
Market Value.

$ 6 ,0 0 0

$6,165 00

Amount Invested.

$6,195 00

Detailed Statement o f Railroad Bonds.
Par Value.

Bennington & Rutland R.R. 4¿s,
Boston & Maine R.R. 4s, .
Boston & Maine R R. 4¿s,
Chic., Burlington & Quincy R.R. 3¿s,
Fitchburg R.R. 3¿s, . . . .
Illinois Central R.R. 3 is ,.


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Federal Reserve Bank of St. Louis

$10,000
6,000
5,000
20,000
10,000
25,000

Estimated
Market Value.

$10,600
6,420
5,900
19,100
9,900
23,700

00
00
00
00
00
00

Amount Invested

$11,250
6,355
5,837
19,487
10,289
24,543

00
00
50
50
00
75

34

REPORT OF THE

[Pub. Doc.

B a ss R iv er S av in g s B a n k — Concluded.
Detailed Statement o f Railroad Bonds — Concluded.

Maine Central & European and
North American R.R. 4s,
New York, New Haven & Hartford
R.R. 4 s ,.............................................
Old Colony R.R. 4 s ,.
U pper Coos R.R. 4is,

Par Value.

Estimated
Market Value.

$4,000

$4,240 00

$4,115 00

10,000
20,000
5,000

10,500 00
21,250 00
5,500 00

10,625 00
21,062 50
5,462 50

Amount Invested.

$115,000 $117,110 00 $119,027 75

Total Am ount o f Loans, with Each Specified Rate o f Interest.
Amount.

$3,832
1,550
6,184
2,000

Kate.

17
71
10
00

l i per cent.
2
2è
“
4
“

Amount.

$14,500 00
10,000 00
137,415 00

Kate.

4i per cent.
4|
“
5

Amount.

$12,425 00
104,338 07
1,650 00

Rate.

5i per cent.
6

7

Value, by books, of real estate, held or owned by foreclosure or otherwise, $23,093 72
Assessed value of s a m e , ...............................................................................
29,200 00
Net income received from same during the year ending Oct. 31, 1905,
475 61
Number of loans which are of an amount not exceeding $3,000 each, 236
Aggregate amount of the s a m e , ......................................................................
167,120 05
Total number of loans upon real e s t a t e , ............................................234
Gross amount of interest or profits received, as per books, during year
ending Oct. 31, 1 9 0 5 ,.......................................................................................
22,317 02
Times when dividends are payable, as fixed by the by-laws : first day of
April and October. Deposits commence to draw interest : first day of
January, April, July and October.
Rate and amount of each semi-annual dividend f 1 | per cent., $7,526 94 1
15,154 42
during the year ending Oct. 31, 1905,
.
i 1| per cent.,
7,627 48 J
Number of accounts opened during the year ending Oct. 31, 1905, . 129
Number of accounts closed during the year ending Oct. 31, 1905,
. 151
Total number of open accounts Oct. 31, 1905,
.
.
.
1,541
Total expenses of the corporation for the year ending Oct. 31, 1905 (ex­
clusive of taxes)..................................................................................................
2,657 85
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 5 ,.......................................................................................
63,492 25
Number of s a m e , ....................................................................................... 913
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 9 0 5 , ................................................................................................
65,446 08
Number of s a m e , ....................................................................................... 975
Date of examination by commissioner : August 10.


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Federal Reserve Bank of St. Louis

No. 8.]

SAYINGS BANK COMMISSIONERS.

35

B A Y ST A T E S A V IN G S B A N K — W O R C E S T E R .

Incorporated March 9, 1895.
W il l ia m H a r t , President.
G e o r g e M cA l e e r , Treasurer.
J o h n B . R a t ig a n , Clerk o f the Corporation.

Names of committee charged with the investment of its funds:
J e r e m ia h H e n n e s s y ,
W il l ia m H a r t ,
C h a r l e s J . O ’H a r a ,
T hom as J . B a r r e t t ,
N ic h o l a s J . M o o n e y .

Open for business every business day except Saturdays, 9 a .m . to 3 p .m . ; Saturdays,
9 a .m . to 1 p . m . ; for deposits only, 6 to 8 p . m .

B alance S heet Oct . 31, 1905.

A ssets.

Public funds, as per schedule, .
Bank stock, as per schedule,
Railroad bonds, as per schedule,
Street railway bonds, as per
schedule,...................................
Real estate by foreclosure, etc.,
Loans on real estate, .
Loans on personal security,
Deposits in banks, on interest, .
Expense account,
Taxes paid,
. . . .
Cash on hand, . . . .

L ia b il it ie s .

$67,830 75
8,734 50
214,875 25
10,412
2,019
606,115
40,250
29,994
336
79
1,124

50
46
00
00
54
41
71
45

$981,772 57

Cash on Deposit in Banks, amount in each: —
Merchants National Bank, Worcester,
Quinsigamond National Bank, Worcester, .
Worcester Trust Company, Worcester,


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Federal Reserve Bank of St. Louis

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

$959,152 15
12,143 02
6,678 30
3,799 10

$981,772 57

$5,085 07
6,449 30
18,460 17

[Pub. Doc

REPORT OF THE

36

B a y S ta te S a v in g s B an k — Continued.
Detailed Statement o f Public Funds.
Par Value.

$7,000
5,000
4,000
5,000
5,000
15,000
10,000
5,000
5,000
5,000

City of Dayton, Ohio, 3£s,
of Everett, Mass., 4s,
of Fitchburg, Mass., 4s, .
of Holyoke, Mass., 3£s, .
of Lynn, Mass., 4s, .
of Newport, R I., 3£s,
of Pittsfield, Mass., 3£s, .
of Somerville, Mass., 4s, .
Town of Clinton, Mass., 3Js, .
of W atertown, Mass., 4s,

$66,000

Estimated
Market Value.

Amount Invested.

$7,000
5,312
4,260
5,000
5,106
15,000
10,000
5,087
5,000
5,000

$6,860
5,410
4,370
5,100
5,362
15,187
10,000
5,259
5,081
5,200

00
50
00
00
25
00
00
50
00
00

$66,766 25

00
00
00
00
50
50
00
25
50
00

$67,830 75

No. of
Shares.

Detailed Statement o f B ank Stocks.

5
5
9
7
10
10
8
5
10
2
3

Par Value.

Boylston N at’l Bank, Boston, .
Continental N’l Bank, Boston,
Eliot National Bank, Boston, .
Faneuil Hall N’l Bank, Boston,
Merchants Nat’l Bank, Boston,
N ’l Bank of Commerce, Boston,
N ’l B’k of the Republic, Boston,
New England N ’l B’k, Boston,
Old Boston Nat’l Bank, Boston,
State National Bank, Boston, .
Tremont N at’l Bank, Boston, .

Estimated
Market Value.

900
700
1,000
1,000
800
500
1,000
200
105

$500 00
25 00
1,800 00
917 00
2,020 00
1,520 00
1,296 00
690 00
1,050 00
302 00
-

$6,705

$10,120 00

$500
-

Amount Invested.

$652 50
-

1,172
935
1,538
1,112
1,176
752
1,115
200
80

25
00
75
50
00
50
00
00
00

$8,734 50

Detailed Statement o f Street Railway Bonds.
Par Value.

W est End Street Railway Co. 4s,


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

.

$10,000

Estimated
Market Value.

Amount Invested.

$10,250 00

$10,412 50

No. 8.]

SAYINGS BANK COMMISSIONERS.

37

B a y S ta te S a v in g s B a n k — Continued.
Detailed Statement o f Railroad Bonds.
Par Value.

Boston & Lowell R.R. 3¿s,
Boston & Maine R.R. 3¿s,
Chic., Burlington & Quincy R.R. 3¿s,
Chicago & Northwestern R.R. 7s, .
Eastern R R, 6s....................................
Fitchburg R.R. 3¿s..............................
Illinois Central R.R. 3¿s, .
New York Central & Hudson River
R.R. 3 à s , ....................................
New York, New Haven & H artford
R.R. 3 ¿ s , ....................................
Sioux City & Pacific R.R. 3 ¿s,.

$10,000
10,000
80,000
10,000
13,000
5,000
26,000

Estimated
Market Value.

$9,825
9,825
76,400
11,750
13,195
4,856
23,612

00
00
00
00
50
25
50

Amount Invested.

$10,487
10,300
77,531
13,100
14,722
5,144
25,302

50
00
25
00
00
50
50

15,000

14,775 00

14,756 25

25,000
20,000

24,000 00
19,250 00

24,531 25
19,000 00

$214,000 $207,489 25 $214,875 25

Total Am ount o f Loans, with Each Specified Rate o f Interest.
Amount.

$29,994 54
20,000 00

Rate.

3 per cent.
4
“

Amount.

$46,400 00
27,500 00

Rate.

Amount.

4¿ per cent.
4¿
“

$523,215 00
29,250 00

Rate.

5 per cent.
6

Value, by books, of real estate, held or owned by foreclosure or otherwise,
$2,019 46
Assessed value of the same, ...............................................................................
3,200 00
Number of loans which are of an amount not exceeding $3,000 each, 130
Aggregate amount of the s a m e , ......................................................................
326,165 00
Total number of loans upon real e s t a t e , ............................................191
Amount of investments from which no income is recei ved, . . . .
2,019 46
Gross amount of interest or profits received, as per books, during year
ending Oct. 31, 1 9 0 5 ,.......................................................................................
41,458 19
Times when dividends are payable, as fixed by the by-laws : fifteenth day
of March and September. Deposits commence to draw interest: first
day of March, June, September and December.
Rate and amount of each semi-annual dividend } l j per cent., $14,929 36 ) ^ ^ ^
during the year ending Oct. 31, 1905,
.
1 1| per cent., 15,629 05 J
’
Number of accounts opened during the year ending Oct. 31, 1905, . 366
Number of accounts closed during the year ending Oct. 31, 1905,
. 272
Total number of open accounts Oct. 31, 1905,
. . . .
2,306


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Federal Reserve Bank of St. Louis

38

REPORT OF THE

[Pub. Doc.

B a y S ta te S a v in g s B a n k — Concluded.
Total expenses of the corporation for the year ending Oct. 31, 1905 (ex­
clusive of taxes),
....................................................................................... $1,878 35
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 5 ,.......................................................................................
201,848 69
Number of s a m e , ...............................................................................2,933
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 9 0 5 , ................................................................................................
158,270 08
Number of s a m e , ...............................................................................1,391
Date of examination by commissioner : March 10.


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Federal Reserve Bank of St. Louis

No. 8.]

SAYINGS BANK COMMISSIONERS.

39

B E L M O N T S A V IN G S B A N K —B E L M O N T .

Incorporated March 5, 1885.
J. H e n r y F l e t c h e r , President.

W in t h r o p L. C h e n e r y , Treasurer.
T h om as W . D a v is , Clerk o f the Corporation.

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

J o s e p h 0 . W e l l in g t o n ,
C harles W . W in n ,
F r e d e r ic D o d g e ,
I saac H . L o c k e .

Open for business, Wednesdays, 4 to

6

and 7 to 8

p

m

.

B alance S heet Oct . 31, 1905.

A ssets.

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

L ia b il it ie s .

$44,431 25
3,593 15
87.500 00
5,000
6,534
154,945
40.500
11,701
153
274
902

00
06
00
00
28
75
80
30

$355,535 59

Cash on Deposit in Bank : —
Faneuil Hall National Bank, Boston,


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Federal Reserve Bank of St. Louis

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

$339,774 61
9,000 00
4,197 58
2,563 40

$355,535 59

$11,701 28

40

REPORT OF THE

[Pub. Doc.

B e lm o n t S a v in g s B a n k — Continued.
Detailed Statement o f Public Funds.
Par Value.

City of Brockton, Mass., 4s,
of Chicago, 111., 4s, .
of Lynn, Mass., 4s, .
of St. Louis, Mo., 3£s,
Town of Belmont, Mass., 4s, .
of Melrose, Mass., 4s, .
of Peabody, Mass., 4s., .

$2,000
5,000
9,000
5,000
18,500
3,000
2,000
$44,500

Estimated
Market Value.

$2,050
5,150
9,045
4,825
18,890
3,210
2,120

00
00
00
00
00
00
00

$45,290 00

Amount Invested.

$2,000
5,000
9,000
4,931
18,500
3,000
2,000

00
00
00
25
00
00
00

$44,431 25

Detailed Statement o f B ank Stocks.
»
O CU
o

^

Par Value.

«j
co

24 Faneuil Hall N at’l B’k,
2 Freemans N at’l Bank,
2 N at’l Shawmut Bank,
5 South End Nat’l Bank,

Boston,
Boston,
Boston,
Boston,

Estimated
Market Value.

$2,400
200
200
500

$3,144
208
520
450

00
00
00
00

$3,300

$4,322 00

Amount Invested.

$2,593
199
300
500

65
50
00
00

$3,593 15

'
Detailed Statement of Street Railway Bonds.
Par Value.

Springfield Street Railway Co. 4s, .

$5,000

Estimated
Market Value.

$5,150 00

Amount Invested.

$5,000 00

Detailed Statement o f Railroad Bonds.
Par Value.

Boston & Albany R.R. 3¿s,
Boston & Lowell R.R. 4s,
Boston & Maine R.R. 4¿s,
Boyer Valley R.R. 3¿s, .
Chic., Burlington & Quincy R.R. 3£s,
Fitchburg R.R. 4s, .
Illinois Central R.R. 3ès,.


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Federal Reserve Bank of St. Louis

$5,000
3,000
3,000
5,000
5,000
5,000
5,000

Estimated
Market Value.

$5,000
3,060
3,510
4,850
4,750
5,275
4,700

00
00
00
00
00
00
00

Amount Invested.

$5,000
3,000
3,000
5,000
5,000
5,000
5,000

00
00
00
00
00
00
00

No. 8.]

41

SAYINGS BANK COMMISSIONERS.
B e lm o n t S a v in g s B an k — Concluded.
Detailed Statement of Railroad Bonds — Concluded.

Illinois Central R.R. 4s, .
Maine Central R.R. 4s, .
Maine Central and European &
North American R.R. 4s,
Menominee River R.R. 7s,
New York, New Haven & Hartford
R.R. Bis....................................
New York, New Haven & Hartford
R.R. 4 s , ....................................
Old Colony R.R. 4 s ,.
U pper Coos R.R. 4£s,

Par Value.

Estimated
Market Value.

$5,000
6,500

$5,250 00
6,597 50

$5,000 00
6,500 00

3,000
5,000

3,150 00
5,050 00

3,000 00
5,000 00

10,000

9,600 00

10,000 00

15,000
10,000
2,000

15,950 00
10,550 00
2,210 00

15,000 00
10,000 00
2,000 00

$87,600

$89,502 50

$87,500 00

Amount Invested.

Total Amount o f Loans, with Each Specified Rate o f Interest.
Amount.

$11,701 28
26,000 00

Rate.

2i per cent.
4i
“

Amount.

Rate.

$133,450 00
18,125 00

5 per cent.
5i “

Rate.

Amount.

$17,870 00

6 per cent.

Value, by books, of real estate, held or owned by foreclosure or otherwise,
Assessed value of the same..................................................................................
Number of loans which are of an amount not exceeding $3,000 each, 76
Aggregate amount of the s a m e , ......................................................................
Total number of loans upon real e s t a t e , ............................................86
Gross amount of interest or profits received, as per books, during year
ending Oct. 31, 1 9 0 5 ,.......................................................................................
Times when dividends are payable, as fixed by the by-laws : third Wednes­
day of January and July. Deposits commence to draw interest: third
Wednesday of January, April, July and October.
Rate and amount of each semi-annual dividend j 1| per cent., $5,427 32 )
during the year ending Oct. 31,1905.
.
1 1| per cent.,
5,512 83
Number of accounts opened during the year ending Oct. 31, 1905, . 81
Number of accounts closed during the year ending Oct. 31, 1905, . 68
Total number of open accounts Oct. 31, 1905..................................
1,128
Total expenses of the corporation for the year ending Oct. 31, 1905 (ex­
clusive of taxes),
.......................................................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 5 ,.......................................................................................
Number of s a m e , ...............................................................................1,074
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 9 0 5 , ..............................................................................
Number of s a m e , ...................................................................................... 543
Date of examination by commissioner : January 5.


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

$6,534 06
6,600 00
87,345 00

15,780 26

10,940 15

760 40
61,027 24

53,941 37

42

REPORT OF THE

[Pub. Doc.

B E N J A M IN F R A N K L IN S A V IN G S B A N K — F R A N K L IN .

Incorporated Feb. 20, 1871.
, E l is h a P. C h a p m a n , President.
C h a k l e s L. S t e w a r t , Treasurer.
C h a r l e s L. S t e w a r t , Clerk o f the Corporation.

Names of committee charged with the investment of its funds
E l is h a P. C h a p m a n ,
A delbert D . T hayer,
E d w a r d H . Sh e r m a n ,
W a l t e r M. F i s h e r ,
J a m e s 0 . C h il s o n ,
H o ra ce W . H o s ie ,
Or estes T . D oe.

Open for business every business day, 9 a . m . to 12 m . ; 1 to 4 p . m .

B alance S heet Oct . 31, 1905.

A ssets.

Public funds, as per schedule, .
Loan on public funds,
Bank stock, as per schedule,
Loans on bank stock,.
Railroad bonds, as per schedule,
Loan on railroad stock,
Stocks, bonds, etc , taken to secure indebtedness, .
Real estate by foreclosure, e tc .,.
Loans on real estate, .
Loans on personal securitv,
Loans to counties, cities or towns
( n o t e s ) , ...................................
Loans on depositors’ books,
Deposits in banks, on interest, .
Deposits in banks, not on interest,
Expense account,
Furniture and fixtures,
Tax account..................................
Real estate income account,
Cash on hand, . . . .

L ia b il it ie s .

$20,000
15,000
9,090
2,000
206,039
' 6,000

00
00
00
00
50
00

7,000
24,061
121,770
148,259

00
26
00
00

15,000
100
15,608
2,126
589
1,934
136
426
1,242

00
00
85
82
13
46
74
02
41

$596,384 19

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

$561,539 96
26,463 83
6,199 18
2,181 22

$596,384 19

Cash on Deposit in Banks, amount in each : —
First National Bank, B o s t o n , ......................................................................$9,526 25
Mercantile Trust Company, Boston..................................................................
126 82
Franklin National Bank, F r a n k lin ,.............................................................
8,082 60


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

No. 8.]

SAVINGS BANK COMMISSIONERS.

43

B en jam in F ra n k lin S av in g s B an k — Continued.
Loan on Public Funds : —
$15,000 City of Chicago, 111., 4s, .
2,000 City of Scranton, Penn., 4s,

' I $15,000 00*

.

Loans on Bank Stock, amount on each : —
40 shares Producers National Bank, Woonsocket, R. I., .
34 shares National Exchange Bank, Providence, R. I.,

.
.

.
.

.
.

$500 00
1,500 00

Loan on Railroad Stock : —
125 shares New York, New Haven & Hartford Railroad............................. $6,000 00
* In excess of legal limit, since reduced.

Detailed Statement o f Public Funds.
Estimated
Market Value.

Amount Invested.

$10,000
10,000

$10,300 00
10,000 00

$10,000 00
10,000 00

$20,000

$20,300 00

$20,000 00

Par Value.

City of Chicago, 111., 4s, .
of Holyoke, Mass , 3¿s,

.

No. of
Shares.

Detailed Statement o f B ank Stocks.
Par Value.

5 Continental N ’l Bank, Boston,
75 Franklin Nat’l Bank, Franklin,
12 National Bank, W rentham,

Estimated
Market Value.

Amount Invested

$7,500
840

$25 00
9,000 00
840 00

$8,250 00
840 00

$8,340

$9,865 00

$9,090 00

Detailed Statement o f Railroad Bonds.
Par Value.

Bennington & Rutland R.R., 4¿s,
Boston & Albany R.R. 3ès,
Boston & Maine R.R. 4s, .
Boston & Maine R.R. 4ès,
Boston, Revere Beach & Lynn R.R.
4 è s , .............................................
Chic., Burlington & Quincy R.R. 5s,
Fitchburg R.R. 4s, .


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

$10,000
10,000
10,000
10,000
10,000
26,000
20,000

Estimated
Market Value.

$10,600
10,000
10,725
11,650

00
00
00
00

11,000 00
28,730 00
20,900 00

Amount Invested

$11,000
10,355
10,400
10,800

00
00
00
00

10,775 00
29,125 00
21,125 00

44

KEPOKT OF THE

[Pub. Doc.

B en jam in F ra n k lin S av in g s B a n k — Continued.
Detailed Statement o f Railroad Bonds— Concluded.
Par Value.

Illinois Central R.R. 3s, .
Illinois Central R.R. 3£s,.
Illinois Central R.R. 4s, .
Michigán Central R.R. 3¿s,
New York, New Haven & Hartford
R.R. 3 i s , ....................................
New York, New Haven & H artford
R.R. 4 s ,.............................................
Rum ford Falls & Rangeley Lakes
R.R. 5s, .............................................
Sioux City & Pacific R.R. 3 ès,.
U pper Coos R.R. 4¿s,
W ashington County R.R. 3¿s, .

$5,000
8,000
20,000
5,000

Estimated
Market Value.

$4,100
7,540
21,100
4,887

00
00
00
50

Amount Invested.

$4,412
7,965
22,450
4,850

50
75
00
00

10,000

9,575 00

9,525 00

10,000

10,150 00

10,000 00

10,000
5,000
20,000
5,000

11,600
4,812
22,000
4,725

11,500
4,750
22,300
4,706

00
50
00
00

00
00
00
25

$194,000 $204,095 00 $206,039 50

Total Am ount o f Loans, with Each Specified Rate o f Interest.
Amount.

$15,608
18,000
10,000
22,000

Rate.

85
00
00
00

2 per cent.

H
3f

“

4

“

Amount.

$45,000
45.000
25.000
49,550

Rate.

00
00
00
00

44 per cent.
4è

“

5

“

4|

Amount.

$23,242 50
70,336 50

Rate.

5¿ per cent.
6
«

»

Value, by books, of real estate held or owned by forclosure or otherwise, $24,061 26
Assessed value of the s a m e ,...............................................................................
31,320 00
Number of loans which are of an amount not exceeding $3,000 each, 174
Aggregate amount of the s a m e , ......................................................................
110,329 00
Total number of loans upon real e s t a t e , ............................................ 137
Amount of investments from which no income is recei ved, . . . .
31,838 44
Gross amount of interest or profits received, as per books, during year
ending Oct. 31, 1 9 0 5 ,.......................................................................................
25,442 20
Times when dividends are payable, as fixed by the by-laws: fifteenth day
of January and July. Deposits commence to draw interest: first day
of January, April, July and October.
Rate and amount of each semi-annual dividend j If per cent., $9,682 22 |
19,101 20
during the year ending Oct. 31, 1905,
.
1 If per cent.,
9,418 98 1
Number of accounts opened during the year ending Oct. 31, 1905, . 289
Number of accounts closed during the year ending Oct. 31,1905,
. 256
Total number of open accounts Oct. 31, 1905,
. . . .
2,412


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

No. 8.]

SAYINGS BANK COMMISSIONERS.

45

B en jam in F ra n k lin S a v in g s B a n k — Concluded.
Total expenses of the corporation for the year ending Oct. 31, 1905 (ex­
clusive of taxes),
....................................................................................... $2,432 42
Amount of deposits, not including dividends, received during the year
98,938 64
ending Oct. 31, 1 9 0 5 ,.............................................................
Number of s a m e , ......................................................................'
2,088
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 9 0 5 , ................................................................................................
132,416 41
Number of s a m e , ...............................................................................1,664
Date of examination by commissioner: January 31.


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Federal Reserve Bank of St. Louis

46

REPORT OF THE

[Pub. Doc.

B E R K S H IR E C O U N T Y S A V IN G S B A N K - P I T T S F I E L D .

Incorporated Feb. 2, 1846.
J o s e p h T u c k e r , President.
R o b e r t W . A d a m , Treasurer.
W il l ia m L . A d a m , Clerk o f the Corporation.

Names of committee charged with the investment of its funds:
R obert W . A dam ,
W il l ia m H . S l o a n ,
L e v i A . Stevens,
Ch a r l e s W . K e l l o g g ,
A lexander K en n ed y .

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

a .m .

to 3 p . m . ; Saturdays,

B alance S heet Oct . 31, 1905.

A ssets.

Public funds, as per schedule, .
Bank stock, as per schedule,
Loans on bank stock,
Railroad bonds, as per schedule,
Street railway bonds, as per
schedule,...................................
Boston Terminal Co. bonds,
Real estate (for banking purposes), ...................................
Real estate by foreclosure, etc.,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
(notes)........................................
Loans on depositors’ books,
Deposit in bank, on interest,
Deposits in banks, not on interest,
Expense account,
Cash on hand, . . . .

L ia b il it ie s .

$556,000
158,630
8,200
1,128,987

00
00
00
50

$5,126,251 10
254,000 00
17,113 02

427,500 00
125,000 00
160,000
800
2,369,535
270,665

00
00
00
00

122,500
600
11,645
32,060
4,231
21,009

00
00
40
50
23
49

$5,397,364 12

Cash on Deposit in Banks, amount in each: —
Agricultural National Bank, Pittsfield,
Pittsfield National Bank, Pittsfield,
Third National Bank, Pittsfield, . . . .
Berkshire Loan and Trust Company, Pittsfield,.


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Federal Reserve Bank of St. Louis

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

$5,397,364 12

$10,181
10,708
11,170
11,645

79
14
57
40

No. 8.]

SAVINGS BANK COMMISSIONERS.

47

B erk sh ire C ou n ty S a v in g s B an k — Continued.
Loans on Bank Stock, amount on each : —
40 shares Housatonic National Bank, S tock b rid ge,................ $2,300
9 shares Berkshire Loan and Trust Co., P ittsfie ld ,............
900
2 shares Pittsfield National Bank, P it t s f ie ld ,............................................
9(shares Pittsfield National Bank, Pittsfield..................................................
8 shares Pittsfield National Bank, Pittsfield..........................
800
20 shares Pittsfield National Bank, P it t s f ie ld ,....................
2,000
10 shares Williamstown National Bank, Williamstown, . . . .
24 shares Williamstown National Bank, Williamstown, . . . .

00
00
200 00
900 00
00
00
60000
50000

Detailed Statement o f Public Funds.
Par Value.

City of Boston, Mass., 4s,
of Bridgeport, Conn., 3^s,
of Canton, Ohio, 3£s,
of Dayton, Ohio, 3<|s,
of Dubuque, Iowa, 4s,
of Grand Rapids, Mich., 4£s, .
of Kansas City, Mo., 4s, .
of Lowell, Mass., 4s,
of Lynn, Mass., 4s, .
of Newton, Mass., 4s,
of Pittsfield, Mass., 4s,
of Saginaw, Mich , 3£s, .
of W altham, Mass., 3£s, .
Town of Braintree, Mass , 4s, .
of Gt. Barrington, Mass., 3£s,
of Marlborough, Mass., 4s, .
of Spencer, Mass., 4s, .

$42,000
12,000
20,000
14,000
38,000
25,000
50,000
11,000
25,000
7,000
45,000
50,000
25,000
25,000
82,000
75,000
10,000

Estimated
Market Value.

$43,260
12,000
19,600
13,860
39,140
26,500
52,500
11,660
26,500
7,210
45,450
48,500
25,000
26,500
82,000
77,250
10,300

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

Amount Invested.

$42,000
12,000
20,000
14,000
38,000
25,000
50,000
11,000
25,000
7,000
45,000
50,000
25,000
25,000
82,000
75,000
10,000

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

$556,000 $567,230 00 $556,000 00
*

Legal investm ents when made.

No. of
Shares.

Detailed Statement o f B ank Stocks.

34
45
125
60
100
75
105
100

Par Value.

First National Bank, Adams, .
Atlantic N at’l Bank, Boston, .
Merchants Nat’J B’k, Boston, .
N’l B’k of Commerce, Boston,
N ’l B’k of the Republic, Boston,
N at’l Shawmut Bank, B oston,.
New England N’l B’k, Boston,
Second National Bank, Boston,


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

$3,400
4,500
12,500
6,000
10,000
7,500
10,500
10,000

Estimated
Market Value.

$4,080
6,075
25,250
9,120
16,200
19,500
14,490
21,300

00
00
00
00
00
00
00
00

Amount Invested.

$3,400
4,500
12,500
6,000
10,000
7,500
10,500
10,000

00
00
00
00
00
00
00
00

REPORT OF THE

48

[Pub. Doc

B e rk sh ire C ou n ty S av in g s B a n k — Continued.

No. of
Shares.

Detailed Statement o f Bank Stocks— Concluded.

15
75
24
35
51
60
100
100
115
21
50
130
20
25
76
50
10

State National Bank, Boston, .
W ebster and Atlas National
Bank, Boston,
Hadley Falls N’l B’k, Holyoke,
Lee National Bank, Lee, .
North Adams National Bank,
North Adams,
A gricultural N’l B’k, Pittsfield,
Berkshire Loan and T rust Co.,
Pittsfield,
. . . .
Pittsfield N at’l B’k, Pittsfield,.
Third Nat’l Bank, Pittsfield, .
Agawam N ’l B’k, Springfield,
Chapin N at’l B’k, Springfield,
Chicopee N’l B’k, Springfield,
F irst N at’l Bank, Springfield, .
John Hancock National Bank,
Springfield, . . . .
Springfield N’l B’k, Springfield,
Springfield Safe Deposit and
T rust Co., Springfield,.
Housatonic National Bank,
St ockbr i dge, . . . .

Par Value.

Estimated
Market Value.

$1,500

$2,265 00

$1,500 00

7,500
2,400
3,500

10,650 00
3,312 00
5,775 00

7,500 00
2,400 00
3,500 00

5,100
6,000

5,865 00
15,300 00

5,100 00
6,000 00

10,000
10,000
11,500
630
5,000
13,000
2,000

13,500
16,000
25,300
105
6,000
19,500
2,300

00
00
00
00
00
00
00

Amount Invested.

10,000
10,000
11,500
630
5,000
13,000
2,000

00
00
00
00
00
00
00

2,500
7,600

2,875 00
14,440 00

2,500 00
7,600 00

5,000

9,500 00

5,000 00

1,000

1,600 00

1,000 00

$158,630 $270,302 00 $158,630 00

Detailed Statement o f Street Railway Bonds.
Par Value.

Pittsfield Electric Street Railway
Co. 4 s , .............................................
Hoosac Valley Street Railway Co. 4s,
Hoosac Valley Street Railway Co. 5s,
W est End Street Railway Co. 4s, .


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Federal Reserve Bank of St. Louis

Estimated
Market Value.

Amount Invested.

$200,000 $200,000 00 $200,000 00
150,000
150,000 00 148,500 00
31,900 00
29.000 00
29.000
52,750 00
50.000 00
50.000
$429,000 $434,650 00 $427,500 00

No. 8.]

SAYINGS BANK COMMISSIONERS.

49

B erk sh ire C ou n ty S avin gs B an k — Continued.
Detailed Statement o f Railroad Bonds.
Par Value.

Boston & Albany R.R. 4s,
Boston & Lowell R.R. 4s,
Boston & Maine R.R. 4¿s,
Chic., Burlington & Quincy R.R. 3¿s,
Chicago & Northwestern R.R. 3às, .
Cleveland & Pittsburgh R.R. 3¿s, .
Cleveland & Pittsburgh R.R. 4£s, .
Concord & Montreal R.R. 4s, .
Conn. & Passumpsic Rivers R.R. 4s,
Fitchburg R.R. 3£s, . . . .
Fitchburg R R. 4s, . . . .
Fremont, Elkhorn & Missouri Valley
R.R. 6s...............................................
Grafton & Upton R.R. 4s,
Housatonic R.R. 5s, .
Illinois Central R.R. 3s, .
Illinois Central R.R. 3 è s,.
New England R.R. 5s,
New York, New Haven & Hartford
....................................
R.R. 3¿s,
Northwestern Union Ry. 7s, .
Penobscot Shore Line R.R. 4s,
Portland & Rumford Falls R.R. 4s,.
Rumford Falls & Rangeley Lakes
R.R. 5 s ,.............................................
Vermont Valley R.R. 5s, .
Winona & St. Peters R.R. 7s, .

Estimated
Market Value.

Amount Invested,

$35,000
50,000
50,000
130,000
25,000
25,000
25,000
25,000
35,000
75,000
25,000

$36,050
53,500
58,750
123,500
24,750
24,750
29,250
26,000
37,800
73,500
26,250

00
00
00
00
00"
00
00
00
00
00
00

$35,000
50,000
50,000
125,650
25,000
25,000
25,000
25,000
35,000
75,000
25,000

00
00
00
00
00
00
00
00
00
00
00

20,000
21,000
24,000
75,000
125,000
53,000

28,000
16,800
29,760
62,250
117,500
67,310

00
00
00
00
00
00

20,000
21,000
24,000
67,937
125,000
53,000

00
00*
00
50
00
00

182,000
2,000
50,000
25,000

174,720
2,620
51,500
26,000

00
00
00
00

178,400
2,000
50,000
25,000

00
00
00
00

15,000
30,000
22,000

17,250 00
31,500 00
28,600 00

15,000 00
30,000 00
22,000 00

$1,144,000 $1,167,910 00 $1,128,987 50
*

A legal investm ent w hen made.

Boston Terminal Company Bonds.
Par Value.

Boston Terminal Company 3¿s,

Estimated
Market Value.

Amount Invested.

$125,000 $188,750 00 $125,000 00

Total Am ount of Loans, with Each Specified Rate o f Interest.
Amount.

$11,645 40
77,200 00

Rate.

2 per cent.
3¿
‘


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

Amount.

$3,000 00
179,800 00

Rate.

Amount.

Rate.

3 | per cent.
4
“

$633,500 00
1,878,000 00

4¿ per cent.
5
“

50

REPORT OF THE

[Pub. Doc

B e rk sh ire C o u n ty S a v in g s B a n k — Concluded.
Amount invested in real estate for banking purposes..................................... $160,000 00
Estimated value of the s a m e , ......................................................................
160,000 00
Assessed value of the s a m e ,...............................................................................
115,000 00
Net income received from same during year ending Oct. 31, 1905, .
.
2,863 06
Value, by books, of other real estate held or owned by foreclosure or
o th e r w is e ,............................................•
....................................................
800 00
Assessed value of the s a m e ,...............................................................................
3,625 00
Net income received from same during the year ending Oct. 31, 1905, .
31 57
Number of loans which are of an amount not exceeding $3,000 each, 812
Aggregate amoupt of the s a m e , ...................................................................... 1,008,125 00
Total number of loans upon real e s t a t e , ............................................921
Amount of investments from which no income is received,
.
.
. '
630 00
Gross amount of interest or profits received, as per books, during year
ending Oct. 31, 1905............................................................................................
233,172 94
Times when dividends are payable, as fixed by the by-laws : first day of
January and July. Deposits commence to draw interest: first day of
January, April, July and October.
Rate and amount of each semi-annual dividend f 1| per cent., $82,561 59 ]
during the year ending Oct. 31, 1905,
.
1 If per cent., 84,441 72 1
’
Number of accounts opened during the year ending Oct. 31, 1905,
2,211
Number of accounts closed during the year ending Oct. 31, 1905,
1,860
Total number of open accounts Oct. 31, 1905,
. . . .
14,321
Total expenses of the corporation for the year ending Oct. 31, 1905 (ex­
clusive of taxes)..................................................................................................
12,902 08
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 5 ,.......................................................................................
982,108 21
Number of same.................................................................................... 14,845
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1905.........................................................................................................
940,598 28
Number of s a m e , ...............................................................................10,598
Date of examination by commissioner: May 15.


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Federal Reserve Bank of St. Louis

No. 8.]

SAYINGS BANK COMMISSIONERS.

51

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

Incorporated Feb. 23, 1867.
R obert R . E ndic o tt , President.
C h a r l e s H . K il h a m , Treasurer.
C h a r l e s H. K il h a m , Clerk o f the Corporation.

Names of committee charged with the investment of its funds :
R obert R . E nd ic o tt ,
G eorge B utm an ,

R o land W . JBo y d e n ,
J o seph A. W a l l is .

Open for business every business day, 8.30 a . m . to 1.30
7.30 to 9 p . m .

p .m .

; also Saturdays,

B alance S heet Oct. 31, 1905.

A ssets.

Public funds, as per schedule, .
Bank stock, as per schedule,
Loans on bank stock,
Railroad bonds, as per schedule,
Stocks, bonds, etc., taken to se­
cure indebtedness, .
Real estate (for banking pur­
poses), ...................................
Real estate by foreclosure, etc.,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
( n o t e s ) , ...................................
Deposits in banks, on interest, .
Expense account,
Rent account, . . . .
Cash on hand, . . . .

L ia b il it ie s .

$52,287
146,842
800
453,500

50
37
00
00

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

2,687 46
60,000
11,237
1,498,204
623,476

00
31
31
81

5,000
10,489
265
50
2,086

00
36
93
00
28

$2,866,927 33

$2,718,169 47
133,000 00
2,154 70
13,603 16

$2,866,927 33

Cash on Deposit in Banks, amount in each : —
Beverly National Bank, B e v e r l y , ............................................................. $9,965 87
First National Bank, B o s t o n , ......................................................................
523 49
Loans on Bank Stock, amount on each: —
10 shares Beverly National Bank, B e v e r l y , ............................................
2 shares Beverly National Bank, B e v e r l y , ............................................


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

$600 00
200 00

52

REPORT OF THE

[Pub. Doc

B e v e r ly S avin gs B an k — Continued,
D e ta ile d S ta te m e n t o f P u b lic F u n d s .

Par Value.

City of Augusta, Me., 4 s,.
Town of Milton, Mass., 3£s,

Estimated
„
Market Value.

¡Amount Invested.
¡

$25,000
25,000

$27,000 00
25,062 50

$27,287 50
25,000 00

$50,000

$52,062 50

$52,287 50

No. of
Shares.

D e ta ile d S ta te m e n t o f B a n k S to ck s.

200
100
63
100
200
15
100
18
71
67
87
100

Par Value.

Beverly N at’l Bank, Beverly, .
Adams T rust Co., Boston,
First National Bank, Boston, .
N’l B’k of Commerce, Boston,
N at’l Shawmut Bank, B oston,,
Old Colony T rust Co., Boston,
Central T rust Co., Cambridge,
N’l Grand Bank, M arblehead,.
First National Bank, Salem, .
Mercantile Nat’l Bank, Salem,
N at’l Exchange Bank, Salem,.
Merchants N’l B’k, Worcester,

$20,000
10,000
6,300
10,000
20,0(10
1,500
10,000
1,800
3,550
6,700
3,045
10,000
$102,895

Estimated
Market Value.

$28,000
14,000
17,325
15,200
52,000
10,875
12,500
1,980
2,485
6,767
435
15,000

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

Amount Invested.

$20,000
13,775
15,105
10,000
36,562
11,850
12,500
1,800
3,550
6,700

00
00
00
00
37
00
00
00
00
00

-

15,000 00

$176,567 00 $146,842 37

D e ta ile d S ta te m e n t o f R a ilr o a d B o n d s.

Par Value.

Beech Creek R.R. 4s,
Boston & Maine R.R. 3ès,
Chic., Burlington & Quincy R.R. 3ès,
Chic., Burlington & Quincy R.R. 4s,
Chic., Burlington & Quincy R.R. 5s,
Erie & Pittsburgh R R. 3¿s,
Fitchburg R.R. 3£s, . . . .
Illinois Central R R. 3s, .
Illinois Central R.R. 3 ¿ s,.
Michigan Central R.R. 3¿s,
New York Central & Hudson River
R.R. 3 ¿ s , ....................................


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

$35,000
50,000
75,000
9,000
2 2 ,0 0 0

15,000
50,000
75,000
79,000
25,000
25,000

Estimated
Market Value.

$36,925
49,500
71,625
9,135
24,200
14,850
49,500
63,750
75,050
24,500

00
00
00
00

Amount Invested.

$36,812
50,000
75,000
9,000

50
00
00
00

00

2 2 ,0 0 0 0 0

00

15,000
50,000
66,875
79,000
24,812

00
00
00
00

24,687 50

00
00
00
00
50

25,000 00

$460,000 $443,722 50 $453,500 00

No. 8.]

SAYINGS BANK COMMISSIONERS.

53

B e v e r ly S a v in g s B an k —Concluded.
T o ta l A m o u n t o f L o a n s , w ith E a c h S p e c ifie d R a te o f I n te re st.

Amount.

$10,489 36
489,500 00
179,000 00

Rate.

Amount.

Rate.

2 per cent.
4
“
41
“

$360,475 00
907,694 65
68,008 47

4^ per cent.
5
«
5è
“

Amount.

$1,100 00
121,703 00

Rate.

5 f per cent.

6

Amount invested in real estate for banking purposes,...................................
Estimated value of the s a m e , ......................................................................
Assessed value of the same, .
......................................................................
Net income received from same during year ending Oct. 31, 1905,
Value, by books, of other real estate held or owned by foreclosure or
o th e r w ise,............................................................. ........
Assessed value of the same...................................................................................
Number of loans which are of an amount not exceeding $3,000 each, 562
Aggregate amount of the s a m e , ......................................................................
Total number of loans upon real e s t a t e , ............................................653
Amount of investments from which no income is received, . . . .
Gross amount of interest or profits received, as per books, during year
ending Oct. 31, 1 9 0 5 ,.......................................................................................
Times when dividends are payable, as fixed by the by-laws: fourth
Wednesday of April and October. Deposits commence to draw interest:
fourth Wednesday of January, April, July and October.
Rate and amount of each semi-annual dividend f 1|- per cent., $44,364 02 )
during the year ending Oct. 31, 1905,
. 1 If per cent., 45,267 26 1
Number of accounts opened during the year ending Oct. 31, 1905,
1,160
Number of accounts closed during the year ending Oct 31, 1905,
. 780
Total number of open accounts Oct. 31, 1905,
. . . .
7,691
Total expenses of the corporation for the year ending Oct. 31, 1905 (ex­
clusive of taxes),
........................................................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 5 ,.......................................................................................
Number of same....................................................................................7,245
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 9 0 5 , ...................................................................... ........
.
.
Number of s a m e , ............................................................................... 5,910
Date of examination by commissioner: March 20.


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

“

$60,000
75,000
52,750
3,295

00
00
00
93

11,237 31
7,875 00
546,237 10
13,924 77
123,352 05

89,631 28

6,975 87
457,141 90

430,408 05

54

REPORT OF THE

[Pub. Doc.

B L A C K ST O N E S A V IN G S B A N K - B O S T O N .

Incorporated April 23, 1901.
Louis A . F r o t h in g h a m , President.

A r t h u r E. R o be r ts , Treasurer.
J am e s W . G r im e s , Clerk o f the Corporation.

Names of committee charged with the investment of its funds :
H e n r y H . Sa v a g e ,
S il a s W . F l in t ,
L ouis A . F r o th in g h a m ,
J ohn E. W e l c h ,
F r e d e r ic J. B r a d l e e .

Open for business every business day, 9 a .m . to 1.15 p .m .

B a la n c e S h e e t O ct . 31, 1905.

A ssets.

Public funds, as per schedule, .
Bank stock, as per schedule,
Railroad bonds, as per schedule,
Loan on railroad bonds,
Loans on real estate, .
Deposits in banks, on interest, .
Expense account,
Furniture and fixtures,
Tax account,
. . . .
Cash on hand, . . . .

L ia b il it ie s .

$4,133
1,296
26,719
10,000
65,400
24,020
2
1,326
71
3,052

13
00
24
00
00
05
38
44
71
67

Deposits, .
Guaranty fund,
Interest account,
Due on m o r t g a g e
loans, .

$136,021 62

$135,156 55
322 00
43 07
500 00

$136,021 62

Cash on Deposit in Banks, amount in each : —
Old Colony Trust Company, B oston ,............................................................. $14,815 98*
Puritan Trust Company, B o s t o n , ............................................................. 6,521 80
First National Bank, R e a d in g ,.................................................... ........
.
2,682 27
Loan on Railroad Bonds : —
$10,000 Boston & Maine R.R. 3 £ s , ............................................................. $10,000 00


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

* Since reduced within the legal limit.

No. 8.]

SAYINGS BANK COMMISSIONERS.

55

B la c k sto n e S av in g s B a n k — Continued.
Detailed Statement o f Public Funds.

City of Boston, Mass , 5s,
of Chicago, 111., 4s, .

Par Value.

Estimated
Market Value.

$1,000
3,000

$1,020 00
3,048 75

$1,084 38
3,048 75

$4,000

$4,068 75

$4,133 13

Amount Invested.

No. of
Shares.

Detailed Statement o f Bank Stocks.

12

Par Value.

Metropolitan N ’l B’k, Boston,

$1,200

Estimated
Market Value.

$1,416 00

Amount Invested.

$1,296 00

Detailed Statement o f Railroad Bonds.

Boston & Maine R.R. 4s, .
Chic., Burlington & Quincy R.R. 3¿s,
Illinois Central R R. 3£s,.
New York, New Haven & Hartford
R.R. S h s , ....................................
Portland & Ogdensburg R.R. 5s,
Maine Central R.R. 4s,
Maine Central R.R. 7s,

Par Value.

Estimated
Market Value.

$2,000
2,000
3,000

$2,150 00
1,900 00
2,850 00

10,000
2,000
1,000
5,900

9,695
2,070
1,025
7,033

74
00
00
50

$25,900

$26,724 24

Amount Invested.

$2,140 00
1,880 00
2,850 00
9,695
2,095
1,025
7,033

74
OO
00
50

$26,719 24

Total Amount o f Loans, with Each Specified Rate o f Interest.
Amount.

$17,498 25
6,521 80

Rate.

2 per cent.
2è
“


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

Amount.

$10,000 00
54,000 00

Rate.

4;[: per cent.
5
“

Amount.

$5,100 00
6,300 00

Rate.

5£ per cent.
6

56

REPORT OF THE

[Pub. Doc.

B la c k sto n e S av in g s B a n k — Concluded.
Number of loans which are of an amount not exceeding $3,000 each,
27
Aggregate amount of the s a m e , ...................................
$45,400 00
Total number of loans upon real e s t a t e , ............................................32
Gross amount of interest or profits received, as per books, during year
ending Oct. 31, 1 9 0 5 ,.......................................................................................
3,906 22
Times when dividends are payable, as fixed by the by-laws : Monday fol­
lowing third Saturday of April and October. Deposits commence to
draw interest: third Saturday of January, April, July and October.
Rate and amount of each semi-annual dividend f 2 per cent.,
$990 47 1
2,665 13
during the year ending Oct. 31, 1905,
.
I 2 per cent,
1,674 66 J
Number of accounts opened during the year ending Oct. 31, 1905, . 211
Number of accounts closed during the year ending Oct. 31, 1905,
. 56
Total number of open accounts Oct. 3 1 , 1 9 0 5 , ................................... 461
Total expenses of the corporation for the year ending Oct. 31, 1905 (ex­
clusive of taxes)..................................................................................................
640 70
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 5 ,.......................................................................................
110,971 27
Number of s a m e , ....................................................................................... 853
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 9 0 5 , ................................................................................................
25,544 19
Number of same,
............................................ 296
Date of examination by commissioner: September 15.


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

No. 8.]

SAYINGS BANK COMMISSIONERS.

57

B O ST O N F I V E C E N T S S A V IN G S B A N K — B O ST O N .
Incorporated April 7, 1854.
A lonzo H . E v a n s , President.
J o seph C. H olm e s , Treasurer.
J o seph H . Ca n n e l l , Clerk o f the Corporation.

Names of committee charged with the investment of its funds
A lonzo H . E v a n s ,
N a t h a n ie l J. R u st ,
A . H . D a v e n po r t ,
W il l ia m R. D u p e e ,
L eander B eal,
W ilm ot R. E v a n s ,
R obert F. H e r r ic k .

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

B alance S heet Oct. 31, 1905.

A ssets.

Public funds, as per schedule, .
Loan on public funds,
Bank stock, as per schedule,
Loan on bank stock, .
Railroad bonds, as per schedule,
Street railway bonds, as per
schedule,...................................
Loan on railroad stock,
Railroad notes...............................
Real estate (for banking purp o s e s ) , ...................................
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
( n o t e s ) , ...................................
Deposits in banks, on interest, .
Expense account,
Real estate, rents and expenses,
Cash on hand................................

L ia b il it ie s .

$5,618,000 00
1,600 00
320,200 00
5,000 00
3,400,685 00
225.000 00
10,000 00
450.000 00

Deposits, .
$33,857,662 01
Guaranty fund,
1,683,658 00
Interest account,
43,038 06
Profit and loss account, .
973,928 82
Suspense account, .
4,271 99
Premium account, .
1,049 48

195,000 00
13,704,015 00
10,281,331 25
1,413,850 00
874,971 97
676 69
68 80
63,209 65
$36,563,608 36

"

$36,563,608 36

Cash on Deposit in Banks, amount in each: —
City Trust Company, Boston............................................................................. $94,934 01
Commercial National Bank, B o sto n ,.............................................................
11,602
Eliot National Bank, B o s t o n , ......................................................................
33,290
Faneuil Hall National Bank, Boston,.............................................................
42,878
Mechanics Trust Company, B o s t o n ,.............................................................
6,349
Mercantile Trust Company, B o s to n ,.............................................................
25,200
National Security Bank, B o s t o n , .............................................................
77,201
National Shawmut Bank, B o s t o n , .............................................................
59,849
Old Colony Trust Company, B oston ,.............................................................
55,118
Second National Bank, B o sto n ,......................................................................
225,883


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

24
01
96
27
16
45
30
76
85

58

REPORT OF THE

[Pub. Doc.

B o sto n F iv e C en ts S a v in g s B an k — Continued,
Wintbrop National Bank, B o s t o n , ............................................................. $187,483 78*
First National Bank, M a l d e n , ......................................................................
55,000 00*
180 18
Pynchon National Bank, Springfield (in liquidation)..................................
Loan on Public Funds: —
$2,000 City of Boston, Mass., 5 s , ............................................................. $1,600 00
Loan on Bank Stock : —
50 shares National Security Bank, B o s t o n , ............................................$5,000 00
Loan on Railroad Stock: —

67 shares Boston & Albany R . R . , ............................................................. $10,000 00
* These deposits have since been reduced within the legal limit.

Detailed Statement o f Public Funds.
Par Value.

Massachusetts 3£s, . . . .
County of Middlesex, Mass., 4s,
City of Boston, Mass., 3£s,
of Boston, Mass., 4s,
of Brockton, Mass,, 4s,
of Chelsea, Mass., 4s,
of Chicago, 111., 4s, .
of Dayton, Ohio, 4 s,.
of Fall River, Mass., 3£s,.
of Fall River, Mass., 4s, .
of Haverhill, Mass., 4s, .
of Indianapolis, Ind., 4s, .
of Kansas City, Mo., 4s, .
of Kansas City, Mo., 4^s,.
of Lawrence, Mass , 4s, .
of Lowell, Mass., 4s,
of Lynn, Mass., 4s, .
of Malden, Mass., 4s,
of Milwaukee, Wis., 3£s,.
of Milwaukee, Wis., 4s, .
of Milwaukee, Wis., 5s, .
of New Bedford, Mass., 4s,
of New York, N. Y., 3£s,
of Northampton, Mass., 4s,
of Quincy, Mass., 4s,
of Somerville, Mass., 4s, .
Town of Beverly, Mass , 4s, .
of Cromwell, Conn., 8£s,
of Danvers, Mass., 5s, .
of Melrose, Mass., 4s, .
of Reading, Mass., 4s, .
of Spencer, Mass,, 4s, .


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

Estimated
Market Value.

Amount Invested.

$148,000 $153,805 00 $148,000 00
80,000
81,800 00
80,000 00
820,000 823,700 00 820,000 00
665,000 699,730 00 665,000 00
247,000 264,115 00 247,000 00
76,000
79,630 00
76,000 00
509,000 523,285 00 509,000 00
250,000 256,500 00 250,000 00
120,000
120,000 00
120,000 00
225,000 236,000 00 225,000 00
126,000 128,030 00 126,000 00
248,000 261,640 00 248,000 00
250,000 262,500 00 250,000 00
100,000
107,250 00
100,000 00
100,000
103,900 00
100,000 00
60,000
61,900 00
60,000 00
130,000
132,300 00 130,000 00
10,000
10,050 00
10,000 00
145,000
145,000 00
145,000 00
368,000 381,795 00 368,000 00
156,000
165,360 00
156,000 00
100,000
103,500 00
100,000 00
100,000
100,000 00
100,000 00*
23,000
23,517 50
23,000 00
21,000
21,420 00
21,000 00
197,000 202,535 00
197,000 00
71,000
72,775 00
71,000 00
16,000
16,000 00
16,000 00
49,612 50
49,000
49,000 00
40,000
42,700 00
40,000 00
20,000
21,200 00
20,000 00
5,000
5,181 25
5,000 00

* A legal investment when made.

No. 8.]

SAYINGS BANK COMMISSIONERS.

59

B o sto n F iv e C en ts S a v in g s B a n k — Continued.
D e ta ile d S ta te m e n t o f P u b lic F u n d s —

Estimated
Market Value.

Amount Invested.

$4,000
50,000

$4,000 00
50,250 00

$4,000 00
50,000 00

49,000

50,337 50

49,000 00

40,000

41,900 00

40,000 00

Par Value.

Town of W alpole, Mass., 4s, .
of Weymouth, Mass., 4s,
of No. Attleborough, Mass.,
(Fire Dist.), 4s,
of North Easton, Mass. (Village Dist.), 4s,

Concluded.

$5,618,000 $5,803,218 75 $5,618,000 00

No. of
Shares.

D e ta ile d S ta te m e n t o f B a n k S to ck s.

Par Value.

130
62
47
168
200
517
50
1,000
365
150
113

Bovlston N at’l Bank, Boston, .
Freemans Nat’l Bank, Boston,
Merchants N at’l Bank, Boston,
N ’l B’k of Commerce, Boston,
N at’l Rockland Bank, Boston,
Nat’l Shawmut Bank, Boston,
National Union Bank, Boston,
Second National Bank, Boston,
State National Bank, Boston, .
Washington N ’l Bank, Boston,
W ebster and Atlas National
Bank, Boston,
400 W inthrop Nat’l Bank, Boston,
50 First N’l Bank, Marlborough,
100 Third N at’l Bank, Springfield,

$13,000
6,200
4,700
16,800
20,000
51,700
5,0(0
100,000
36,500
_

11,300
40,000
5,000
10,000

Estimated
Market Value.

Amount Invested.

$13,000
6,448
9,494
25,536
33,000
184,420
9,000
213,000
55,115
150

00
00
00
00
00
00
00
00
00
00

$13,000
6,200
4,700
16,800
20,000
51,700
5,000
100,000
36,500

16,046
80,000
6,000
21,000

00
00
00
00

11,300
40,000
5,000
10,000

00
00
00
00
00
00
00
00
00

-

00
00
00
00

$320,200 $622,209 00 $320,200 00

D e ta ile d S ta te m e n t o f S tr e e t R a i lw a y B onds.

Par Value.

W est End Street Railway Co. 4s,


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

.

Estimated
Market Value.

Amount Invested.

$225,000 $231,437 50 $225,000 00

REPORT OF THE

60

[Pub. Doc.

B o sto n F iv e C en ts S a v in g s B a n k — Continued.
D e ta ile d S ta te m e n t o f R a ilr o a d B o n d s.

Par Value.

Boston & Albany R.R, 3£s,
Boston, Clinton & Fitchburg R.R. 5s,
Boston & Lowell R.R. 4s,
Boston & Maine R.R. 4s, .
Boston & Maine R R. 4ès,
Chic., Burlington & Quincy R.R. 4s,
Eastern R.R. 6s,
. . .
Fitchburg R.R. 4s, .
Illinois Central R.R. 3£s,.
Manchester & Lawrence R.R. 4s,
New York, New Haven & Hartford
R.R. 3ès,
....................................
New York, New Haven & Hartford
R.R. 4 s,.............................................
Old Colony R.R. 4s, .

Estimated
Market Value.

$100,000 $100,000 00
6,000
6,330 00
125,000
128,887 50
300,000 321,000 00
50,000
59,000 00
861,000 883,915 00
70,904 49
69,685
65,000
67,450 00
200,000
190,000 00
174,000
180,960 00

Amount Invested.

$100,000
6,000
125,000
300,000
50,000
861,000
69,685
65,000
200,000
174,000

00
00
00
00
00
00
00
00
00
00

100,000

96,000 00

100,000 00

500,000
850,000

515,000 00
892,500 00

500,000 00
850,000 00

$3,400,685 $3,511,946 99 $3,400,685 00

T o ta l A m o u n t o f L o a n s , w ith E a c h S p e c ified R a te o j I n te re st.

Amount.

$813,442
61,349
50,000
100,000
150,000
1,889,180
75,000
340.000
140.000

Rate.

52
27
00
00
00
18
00
00
00

Amount.

Rate.

Amount.

Rate.

2 per cent. $247,631 25 3A$v per cent. $1,962,600 00 41, per cent.
<<
3,426,000 00 3|
13,000 00 4 |
2è
tt
780,000 00 35
347,000 00 45
“
SM
“
3§
50,000 00 3&
1,294,150 00 5
“
it
4
8,900
00
11,316,575
00
5|
3f à
“
a
347,000 00 41
37,100 00 5.4
H
a
3,065,600 00 4f
100,940 00 5i
“
3f&
“
a
101,000 00 4§
24,300 00 6
“
3|

Amount invested in real estate for banking purposes,...................................$195,000 00
Estimated value of the s a m e , ......................................................................
300,000 00
Assessed value of the s a m e ,...............................................................................
375,000 00
Net income received from same during year ending Oct. 31, 1905,
. .
1,395 10
Number of loans which are of an amount not exceeding $3,000 each, 388
Aggregate amount of the same............................................................................
755,520 18
Total number of loans upon real e s t a t e , ............................................839
Gross amount of interest or profits received, as per books, during year
ending Oct. 31, 1 9 0 5 ,....................................................................................... 1,398,853 18
Times when dividends are payable, as fixed by the by-laws: the next day
following the second Wednesday of April and October. Deposits com­
mence to draw interest: second Wednesday of January, April, July and
October.
Rate and amount of each semi-annual dividend f 1| per cent., $526,455 32) ^ ggg ~gg gg
during the year ending Oct. 31, 1905,
.
i 1J per cent., 540,134 771 ’ ’


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

No. 8.]

SAVINGS BANK COMMISSIONERS.
B o sto n F iv e C en ts S a v in g s B a n k — Concluded.

Number of accounts opened during the year ending Oct. 31, 1905, 18,556
Number of accounts closed during the year ending Oct. 31, 1905,
14,120
Total number of open accounts Oct. 31, 1905,
. . . .
191,106
Total expenses of the corporation for the year ending Oct. 31, 1905 (ex­
clusive of taxes),
........................................................................................$82,216 88
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1905.............................. •
................................................... 8,362,987 73
Number of s a m e , ............................................................................... 196,748
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 9 0 5 , ................................................................................................ 7,536,513 20
Number of s a m e , .............................................................
.
. 140,076
Date of examination by commissioners : October 18, 19.


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Federal Reserve Bank of St. Louis

REPORT OF THE

62

[Pub. Doc.

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

Incorporated March 9, 1861.
J ohn R e y n o l d s , President.
W il l ia m H . D u r k e e , Treasurer.
L ouis M. Cl a r k , Clerk o f the Corporation.

Names of committee charged with the investment of its funds:
J ohn R e y n o l d s ,
Matthew B in n e y ,
A l b e r t H . H ig g in s ,
W il l ia m A . R ust ,
R ic h a r d W . H u st e d .

Open for business every business day except Saturdays, 9 a .m . to 3 p . m . ; Saturdays,
9 a . m . to 12 m .

B alance S heet Oct.

31, 1905.

A ssets.

Railroad bonds, as per schedule,
Real estate (for banking pur­
poses), .
.
.
Loans on real estate, .
Loans on personal security,
Deposits in banks, on interest, .
Expense account,
Cash on hand, . . . .

L ia b il it ie s .

$100,000 00
95,000
3,537,373
1,650,350
127,170
1,469
8,949

00
75
00
57
58
84

Deposits, .
Guaranty fund,
Interest account,

$5,520,313 74

$5,318,001 35
132,500 00
69,812 39

$5,520,313 74

Cash on Deposit in Banks, amount in each: —
First National Bank, Boston..............................................................................$68,381 13
National Bank of the Republic, B o s t o n , .....................................................
58,789 44
D e ta ile d S ta te m e n t o f E a ilr o a d B o n d s.

Chic.., Burlington & Quincy R.R. 3¿s,
Illinois Central R.R. 3 ¿s,.


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

Par Value.

Estimated
Market Value.

Amount Invested.

$50,000
50,000

$48,000 00
48,000 00

$50,000 00
50,000 00

$100,000

$96,000 00 $100,000 00

No. 8.]

63

SAYINGS BANK COMMISSIONERS.
B o sto n P e n n y S a v in g s B an k — Concluded.

Total Amount o f Loans, with Each Specified Rate o f Interest.
Amount.

Rate.

Amount.

Rate.

$127,170 57
194,000 00
1,133,750 00

2J per cent.
H
“
4è
«

$430.000 00
3,404,773 75
20,550 00

4| per cent.
5
H
“

Amount.

$4,650 00

Rate.

6 per cent.

Amount invested in real estate estate for banking purposes,
.
.
. $95,000 00
Estimated value of the s a m e , ......................................................................
105,000 00
Assessed value of the s a m e ,...............................................................................
66,200 00
Net income received from same during year ending Oct. 31, 1905, .
.
1,301 51
Number of loans which are of an amount not exceeding $3,000 each, 118
Aggregate amount of the same............................................................................
250,275 00
Total number of loans upon real e s t a t e , ............................................498
Gross amount of interest or profits received, as per books, during year
ending Oct. 31, 1905............................................................................................
242,654 42
Times when dividends are payable, as fixed by the by-laws: after second
Wednesday of April and October. Deposits commence to draw in­
terest: second Wednesday of January, April, July and October.
Rate and amount of each semi-annual dividend f 2 per cent., $85,583 79 ) -^q ^gg gg
during the year ending Oct 31,1905,
.
i 2 per cent.,
94,905 84 i
’
Number of accounts opened during the year ending Oct. 31, 1905,
3,832
Number of accounts closed during the year ending Oct. 31, 1905,
2,263
Total number of open accounts Oct. 31, 1905...................................
15,264
Total expenses of the corporation for the year ending Oct. 31, 1905 (ex­
clusive of taxes),
........................................................................................
18,336 92
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 5 ,........................................................................................ 1,551,823 09
Number of s a m e , ...............................................................................24,618
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1905.........................................................................................................
843,784 50
Number of s a m e , ............................................................................... 13,709
Date of examination by commissioner : February 6.


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Federal Reserve Bank of St. Louis

[Pub. Doc.

REPORT OF THE

64

B R A IN T R E E S A V IN G S B A N K — SO U T H B R A IN T R E E .

Incorporated March 21, 1870.
B e n ja m in F. Dyer, President.
C. H a r r iso n H obart , Treasurer.
C. H a r r iso n H o bart , Clerk o f the Corporation.

Names of committee charged with the investment of its funds :
B e n ja m in

F. D y e r ,

N. H. Hunt,

L. B. H o l l is .

Open for business every business day, 8 a . m . to 12 m . ; 2 to 5 p . m .

B alance S heet Oct. 31, 1905.

A ssets.

Public funds, as per schedule, .
Bank stock, as per schedule,
Railroad bonds, as per schedule,
Street railway bonds, as per
schedule,...................................
Boston Terminal Co. bonds,
Loans on real estate, .
Loans on personal security,
Deposit in bank, on interest,
Expense account,
Premium account,
In su ran ce,...................................
Cash on hand, .
.
.
.

L ia b il it ie s .

$25,000 00
14,965 00
133,310 00
23.000 00


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

$501,862 38
14,660 99
9,793 21
502 51

20.000 00

186,568
110,735
12,577
45
400
8
210

00
00
34
20
00
25
30

$526,819 09

Cash on Deposit in Bank : —
National Shawmut Bank, Boston,

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

$526,819 09

$12,577 34

No. 8.]

SAVINGS BANK COMMISSIONERS.

65

B ra in tree S av in g s B a n k — Continued.
D e ta ile d S ta te m e n t o f P u b lic F u n d s.

Par Value.

County of Aroostook, Me., 4£s,
City of Boston, Mass , 4s,
of Kansas City, Mo., 4£s,.
Town of Braintree, Mass., 4s, .

Estimated
Market Value.

$5,000
5.000
10,000
5.000
$25,000

$5,275
5,250
10,712
5,300

00
00
50
00

$26,537 50

Amount Invested.

$5,000
5.000
10,000
5.000

00
00
00
00

$25,000 00

No. of
Shares.

D e ta ile d S ta te m e n t o f B a n k S to ck s.

Par Value.

15 Freemans N at’l Bank, Boston,
7 Merchants N at’l Bank, Boston,
8 N at’l Exchange Bank, Boston,
36 Nat’l Shawmut Bank, Boston,
15 State National Bank, Boston, .
8 W inthrop N at’l Bank, Boston,
25 Brockton N at’l B’k, Brockton,
16 Union Market National Bank,
W atertown, . . . .
11 Union N at’l Bank, Weymouth,

Estimated
Market Value.

$1,560
1,414
1,200
9,360
2,265
1,600
3,125

$1,500
700
800
3,600
1,500
800
2,500

00
00
00
00
00
00
00

Amount Invested.

$1,500
700
800
5,400
1,500
800
2,500

00
00
00
00
00
00
00

1,600
165

2,160 00
55 00

1,600 00
165 00

$13,165

$22,739 00

$14,965 00

D e ta ile d S ta te m e n t o f S tr e e t R a i l w a y B o n d s.
Estimated
Market Value.

Amount Invested.

$3,000
10,000
10,000

$3,360 00
11,100 00
10,387 00

$3,000 00*
10,000 00*
10,000 00

$23,000

$24,847 00

Par Value.

Lowell, Lawrence & Haverhill Street
Railway Co. 5s,
Lynn & Boston Railroad Co. 5s,
W est End Street Railway Co. 4s, .


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Federal Reserve Bank of St. Louis

Legal investments when made.

$23,000 00

66

REPORT OF THE

Pub. Doc.

B ra in tree S a v in g s B an k — Continued.
Detailed Statement o f Railroad Bonds.
Par Value.

Boston, Concord & Montreal R.R. 6s,
Boston & Maine R.R. 4s, .
Chic., Burlington & Quincy R R. 3£s,
Chic., Burlington & Quincy R.R. 4s,
Concord & Montreal R R. 4s, .
Fitchburg R.R. 4s, .
Fitchburg R.R. 5s, .
Hannibal & St. Joseph R.R. 6s,
Illinois Central R R. 3 ès,.
Maine Central R.R. 4s,
Maine Central R.R. 4£s, .
Maine Central and European &
North American R.R. 4s,
Michigan Central R R 3£s,
N ewport & Richford R.R 5s, .
N. Y. & N. E R.R (term inal) 4s, .
New York, New Haven & H artford
R.R. 4 s , .............................................
Old Colony R.R. 4s, .
Penobscot Shore Line R R. 4s,
Peoria & Northwestern R.R. 3£s,
Portsmouth, Great Falls & Conway
R.R. 4^s.............................................
Princeton & Northwestern R.R. 3£s,
U pper Coos R R 4<|s,
V ermont Valley R.R. 5s, .
Washington County R.R 3£s, .
W orcester, Nashua & Roch. R.R. 4s,

Estimated
Market Value.

Amount Invested.

$5,000
5,000
3,000
5,000
5,000
13,000
1,000
4,000
5,000
2,000
3,000

$5,425
5,350
2,865
5,337
5,162
13,487
1,023
4,420
4,725
2,035
3,135

00
00
00
50
50
50
75
00
00
00
00

$5,000
5,000
3,000
5,000
5,000
13,000
1,000
4,000
5,000
2,000
3,000

00
00
00
00
00
00
00
00
00
00
00

5,000
5,000
5,000
5,000

5,250
4,900
5,225
6,000

00
00
00
00

5,000
4,800
5,000
5,000

00
00
00*
00

10,000
10,000
5,000
8,000

10,200
10,750
5,137
7,780

00
00
50
00

10,000
10,000
5,000
7,750

00
00
00
00

5,000
2,000
10,000
5,000
3,000
5,000

5,750
1,945
10,775
5,275
2,865
5,250

00
00
00
00
00
00

5,000
1,940
10,000
5,000
2,820
5,000

00
00
00
00
00
00

$134,000 $140,068 75 $133,310 00
* A legal investment when made.

B o sto n T e r m in a l C o m p a n y B o n d s.

Par Value.

Boston Terminal Company 3£s,


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

$20,000

Estimated
Market Value.

Amount Invested.

$22,200 00

$20,000 00

No. 8.]

SAVINGS BANK COMMISSIONERS.

67

B ra in tree S avin gs B a n k — Concluded.
Total Am ount o f Loans, with Each Specified Rate o f Interest.

$12,577 34
50.000 00
47.000 00

Iiate.

2 per cent.
4
“
4|
“

Amount.

$17,500 00
128,443 00
4,500 00

Kate.

4£ per cent.
5
5h

Amount.
H-• O
O
o
o o
o o
o o

Amount.

Rate.

6 per cent.
7

“

Net income received from real estate by foreclosure during the year ending
Oct. 31, 1 9 0 5 , ................................................................................................
$145 50
Number of loans which are of an amount not exceeding $3,000 each, 159
Aggregate amount of the s a m e , ......................................................................
153,753 00
Total number of loans upon real e s t a t e , ............................................159
Gross amount of interest or profits received, as per books, during year
ending Oct. 31, 1 9 0 5 ,.......................................................................................
23,202 02
Times when dividends are payable, as fixed by the by-laws: first day of
January and July. Deposits commence to draw interest: first day of
January, April, July and October.
Rate and amount of each semi-annual dividend f 2 per cent.,
$8,744 36 1
18,021 20
during the year ending Oct. 31, 1905,
.
( 2 per cent.,
9,276 84 i
Number of accounts opened during the year ending Oct. 31, 1905, . 242
Number of accounts closed during the year ending Oct. 31, 1905,
. 177
Total number of open accounts Oct. 31, 1905,
. . . .
1,437
Total expenses of the corporation for the year ending Oct. 31, 1905 (ex­
clusive of taxes)..................................................................................................
1,107 04
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 5 ,.......................................................................................
119,108 58
Number of s a m e , ...............................................................................1,680
Amount of withdrawals including dividends, during the year ending
Oct. 31, 1 9 0 5 , ................................................................................................
96,044 03
Number of same....................................................................................1,384
Date of examination by commissioner: October 9.


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Federal Reserve Bank of St. Louis

68

REPORT OF THE

[Pub. Doc

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

Incorporated March 19, 1872.
L afayet te K e i t h , President.
S a m u e l P . G a t e s , Treasurer.
G eorge M . H ooper , Clerk o f the Corporation.

Names of committee charged with the investment of its funds :
S a m u e l P . Ga t e s ,
E d w a r d A . H e w it t ,
G ustavus J. L o w e ,
P a u l O. C l a r k ,
J o hn H . F a ir b a n k s .

Open for business every business day, 8 a .m . to 12.30 p . m . ; 2 to 6 p .m .

B alance S heet Oct . 31, 1905.

A ssets.

Public funds, as per schedule, .
Bank stock, as per schedule,
Loan on bank stock, .
Railroad bonds, as per schedule,
Street railway bonds, as per
schedule,...................................
Real estate (for banking pur­
poses),
...................................
Real estate by foreclosure, etc.,
Loans on real estate, .
Loans on personal security,
Loan on depositors’ books,
Deposit in bank, on interest,
Expense account,
Cash on hand, . . . .

L ia b il it ie s .

$75,000
47,241
400
169,880

00
75
00
00

35.000 00
9,718
10.000
342,843
102,401
187
2,530
516
4,212

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

$757,143 81
28,000 00
10,331 41
4,401 96
56 00

61
00
79
31
97
99
17
59

$799,933 18

$799,933 18

Cash on Deposit in Bank : —
First National Bank, B o s t o n , ......................................................................$2,530 99
Loan on Bank Stock : —
5 shares Wachusett National Bank, F itchburg,............................................


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

$400 00

No. 8.]

69

SAYINGS BANK COMMISSIONERS
B r id g ew a te r S avin gs B an k — Continued.
D e ta ile d S ta te m e n t o f P u b lic F u n d s.

Par Value.

City of
of
of
of
of
of
of
of
of
of

Akron, Ohio, 4s, .
Altoona, Pa., 4s, .
Bay City, Mich., 5s,
Chicago, 111., 4s, .
Dayton, Ohio, 5 s ,.
Kansas City, Mo., 4s, .
Kansas City, Mo., 4ès,.
Lewiston, Me., 5s,
New Bedford, Mass., 3às,
Springfield, Ohio, 5s, .

.

$5,000
10,000
10,000
15,000
5,000
5,000
5,000
5,000
5,000
10,000
$75,000

Estimated
Market Value.

$5,150
10,300
11,100
15,475
5,425
5,250
5,362
5,700
5,025
11,100

00
00
00
00
00
00
50
00
00
00

$79,887 50

Amount Invested.

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

00
00
00
00
00
00
00
00
00
00

$75,000 00

ko. of
Shares.

D e ta ile d S ta te m e n t o f B a n k S to ck s.

13
44
10
15
55
20
10
20
6
69
10
22
10
30
22
25
8
36

Par Value.

Abington N ’l Bank, Abington,
Boylston N at’l Bank, Boston, .
Faneuil Hall N’l B’k, Boston, .
F irst National Bank, Boston, .
Fourth N at’l Bank, Boston,
Freemans Nat’l Bank, Boston,
Merchants Nat’l Bank, Boston,
N at’l Rockland Bank, B oston,.
N at’l Security Bank, Boston, .
N at’l Shawmut Bank, Boston,.
South End N at’l Bank, Boston,
State National Bank, Boston, .
Washington N’l Bank, Boston,
Brockton N’l Bank, Brockton,
Home Nat’l Bank, Brockton, .
Blue Hill Nat’l Bank, Milton, .
Plymouth N’l Bank, Plymouth,
Bristol Co. N ’l Bank, Taunton,


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

$1,300
4,400
1,000
1,500
5,500
2,000
1,000
2,000
600
6,900
1,000
2,200
-

3,000
2,200
2,500
800
3,600
$41,500

Estimated
Market Value.

$1,300
4,400
1,310
4,125
7,645
2,080
2,020
3,300
1,800
17,940
900
3,322
10
3,750
3,960
3,250
920
4,248

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

$66,280 00

Amount Invested.

$1,300
5,546
1,000
1,500
5,875
2,000
1,000
2,770
600
10,350
1,000
2,200

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

-

3,000
2,200
2,500
800
3,600

00
00
00
00
00

$47,241 75

70

REPORT OF THE

[Pub. Doc.

B r id g ew a te r S a v in g s B a n k — Continued.
D e ta ile d S ta te m e n t o f S tr e e t R a i l w a y B on ds,
Estimated
Market Value.

Amount Invested.

$10,000

$11,100 00

$10,000 00*

15,000
10,000

15,675 00
10,600 00

15,000 00*
10,000 00

$35,000

$37,375 00

Par Value.

Lynn & Boston Railroad Co. 5s,
Merrimac Valley Street Railway
Co. 5 s , .............................................
W est End Street Railway Co. 4s, .

$35,000 00

* Legal investments when made.
D e ta ile d S ta te m e n t o f R a ilr o a d B o n d s.

Par Value.

Bennington & Rutland R.R. 4¿s,
Boston & Maine R.R. 4¿s,
Burlington & Missouri River R.R. 6s,
Chic., Burlington & Quincy R.R. 3¿s,
Fitchburg R.R. 4£s, . . . .
Illinois Central R.R. 3 ¿s,.
Mahoning Coal Co. R.R. 5s,
Maine Central R.R. 7s,
Milwaukee, Lake Shore & W estern
R.R. 5 s ,.............................................
New Haven & Northampton R.R. 6s,
New York, New Haven & Hartford
R.R. 4 s , .............................................
Northern Illinois R.R. 5s,
Old Colony R.R. 4s, .
Portland & Rumford Falls R.R. 4 s,.
Sioux City & Pacific R.R. 3 ès,.
Troy & Boston R.R. 7s, .
Upper Coos R.R. 4¿s,

Estimated
Market Value.

Amount Invested.

$5,000
10,000
5,000
27,000
5,000
10,000
5,000
20,000

$5,300
11,750
5,650
25,785
5,300
9,450
6,150
23,600

5,000
10,000

6,000 00
10,750 00

5,000 00
10,000 00

25,000
5,000
10,000
5,000
6,000
5,000
10,000

26,750
5,300
10,750
5,225
5,850
7,050
11,000

25,000
5,000
10,000
5,000
5,655
7,862
10,000

00
00
00
00
00
00
00
00

00
00
00
00
00
00
00

$5,000
10,000
5,000
26,362
5,000
10,000
5,000
20,000

00
00
00
50
00
00
00
00

00
00
00
00
00
50
00

$168,000 $181,660 00 $169,880 00

T o ta l A m o u n t o f L o a n s , w ith E a c h S p e c ifie d R a te o f I n te re st.

Amount.

$2 530 99
42,768 75
25,500 00

Rate.

2 per cent.
4
“
4^
«


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

Amount.

$44,000 00
214,553 93
1,200 00

Rate.

Amount.

4¿ per cent.
5
«
5é
“

$117,810 39

Rate.

6 per cent.

No. 8.]

SAYINGS BANK COMMISSIONERS.

71

B r id g ew a te r S av in g s B a n k — Concluded.
$9,718 61
Amount invested in real estate for banking purposes,...................................
9.000 00
Estimated value of the sam e,..............................................................................
7.000 00
Assessed value of the s a m e ,................................... ...........................................
990 04
Net income received from same during year ending Oct. 31, 1905,
Value, by books, of other real estate held or owned by foreclosure or
10,000 00
o th e r w is e ,.........................................................................................................
5,300 00
Assessed value of the s a m e ,...............................................................................
309 83
Net income received from same during the year ending Oct. 31, 1905,
Number of loans which are of an amount not exceeding $3,000 each, 233
219,605 39
Aggregate amount of the s a m e , ......................................................................
Total number of loans upon real e s t a t e , ............................................ 235
8,558 93
Amount of investments from which no income is received.............................
Gross amount of interest or profits received, as per books, during year
40,312 42
ending Oct. 31, 1 9 0 5 ,........................................................................................
Times when dividends are payable, as fixed by the by-laws: first day of
April and October. Deposits commence to draw interest: first day of
January, April, July and October.
Rate and amount of each semi-annual dividend f 2 per cent., $14,090 80 1 26,566 61
during the year ending Oct. 31, 1905,
.
i If per cent., 12,475 81 J
Number of accounts opened during the year ending Oct. 31, 1905, . 268
Number of accounts closed during the year ending Oct. 31, 1905,
. 192
Total number of open accounts Oct. 31, 1905,
. . . .
2,420
Total expenses of the corporation for the year ending Oct. 31, 1905 (ex­
2,123 07
clusive of taxes),
.......................................................................................
Amount of deposits, not including dividends, received during the year
131,986 91
ending Oct. 3 1 ,1 9 0 5 ,.......................................................................................
Number of same....................................................................................1,908
Amount of withdrawals, including dividends, during the year ending
131,610 35
Oct. 31, 1 9 0 5 , ................................................................................................
................................... 1,856
Number of same, .
.
.
.
•
Date of examination by commissioner: September 12.


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Federal Reserve Bank of St. Louis

72

REPORT OF THE

[Pub. Doc

B R IG H T O N F IV E C E N T S S A V IN G S B A N K — (W ard 2 5 ),
B O ST O N .

Incorporated March 28, 1861.
N. W a r r e n S a n b o r n , President.
E d w a r d D. B l is s , Treasurer.
E d w a r d D. B l i s s , Clerk o f the Corporation.

Names of committee charged with the investment of its funds :
N . W a r r e n Sa nbor n,
W e b st e r F . W a r r e n ,
B e n ja m in M. F is k e ,
F r a n k G. N e w h a l l ,
G r a n v il l e A. F u l l e r .

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

B alance S heet Oct . 31, 1905.

A ssets.

Public funds, as per schedule, .
Bank stock, as per schedule,
Loan on bank stock, .
Railroad bonds, as per schedule,
Street railway bonds, as per
schedule,...................................
Boston Terminal Co. bonds,
Real estate (for banking pur­
poses),
.
.
.
Real estate by foreclosure, etc.,
Loans on real estate, .
Loans on personal security,
Deposit in bank, on interest,
Expense account,
Tax account,
. . . .
Cash on hand, . . . .

L ia b il it ie s .

$132,000
11,700
3,500
356,492

00
00
00
50

11,000 00
20,000 00
10,000
12,000
788.597
160,175
25,241
2,082
300
2,239

00
00
00
00
74
41
00
70

Deposits, .
Guaranty fund,
Interest account,
Profit and loss ac­
count, .
D u e on mortgage
loans, .
Rent account, .

$1,535,328 35

$1,456,584 97
42,000 00
23,415 93
8,164 33
4,300 00
863 12

$1,535,328 35

Cash on Deposit in Bank : —
National Market Bank of Brighton, B o s t o n , ............................................$25,241 74
Loan on Bank Stock : —
50 shares National Market Bank of Brighton, Boston,


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

.

.

.

.

$3,500 00

No. 8.]

SAYINGS BANK COMMISSIONERS.

73

B rig h to n F iv e C ents S av in g s B a n k — Continued.
D e ta ile d S ta te m e n t o f P u b lic F u n d s .

Par Value.

County of Aroostook, Me., 4^s,
City of Belfast, Me , 4s, .
of Boston. Mass., 3¿s,
of Boston, Mass., 4s,
of Bridgeport, Conn,, 4 s ,.
of Brockton, Mass., 4s,
. of Central Falls, R. I., 4s,
of Chelsea, Mass., 4s,
of Chicago, 111., 4s, .
of Chicopee, Mass., 4s,
of Everett, Mass., 4s,
of Kansas City, Mo., 4£s,
of Lynn, Mass., 4s, .
of Newton, Mass., 4s,
of St. Joseph, Mo., 3¿s, .
Town of Winchester, Mass., 4s,

$5,000
10,000
10,000
5,000
5,000
5,000
5,000
2,000
10,000
5,000
5,000
25,000
6,000
10,000
20,000
4,000

Estimated
Market Value.

$5,287
10,500
10,050
5,325
5,325
5,137
5,125
2,050
10,350
5,305
5,325
26,812
6,000
11,000
19,700
4,200

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

Amount Invested.

$5,000
10,000
10,000
5,000
5,000
5,000
5,000
2,000
10,000
5,000
5,000
25,000
6,000
10,000
20,000
4,000

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

$132,000 $137,492 50 $132,000 00

No. of
Shares.

D e ta ile d S ta te m e n t o f B a n k S to ck s.

15
6
14
10
10
30
3
2
13
10
4

Par Value.

Eliot National Bank, Boston,
First National Bank, Boston,
Freemans Nat’l Bank, Boston,
Merchants N at’l Bank, Boston,
Metropolitan N’l B’k, Boston,
N ’l Market Bank of Brighton,
Boston,
. . . .
Old Boston N’l Bank, Boston,
Second National Bank,Boston,
State National Bank, Boston,
W ebster and Atlas National
Bank, Boston,
Union M arket National Bank,
Watertown,


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Federal Reserve Bank of St. Louis

Estimated
Market Value.

Amount Invested.

$1,500
600
1,400
1^00
1,000

$3,000
1,650
1,456
2,020
1,180

00
00
00
00
00

$1,500
600
1,400
1,000
1,000

00
00
00
00
00

3,000
300
200
1,300

3,300
315
426
1,963

00
00
00
00

3,000
300
200
1,300

00
00
00
00

1,000

1,420 00

1,000 00

400

540 00

400 00

$11,700

$17,270 00

$11,700 00

74

REPORT OF THE

[Pub. Doc.

B r ig h to n F iv e C en ts S a v in g s B an k — Continued,
D e ta ile d S ta te m e n t o f S tr e e t R a i lw a y B o n d s.

Lynn & Boston Railroad Co. 5s,

Par Value.

Estimated
Market Value.

Amount Invested.

$10,000

$11,100 00

$11,000 00*

* A legal investment when made.

D e ta ile d S ta te m e n t o f R a ilr o a d B o n d s.

Par Value.

Boston & Albany R.R. 3is,
$16,000
Boston & Albany R R. 4s,
10,000
Boston & Lowell R.R. 4s,
• 30,000
Boston & Maine R.R. 4s, .
7,000
Chic., Burlington & Quincy R.R. 3£s,
25,000
Chic., Burlington & Quincy R.R. 4s,
10,000
Cleveland & Pittsburgh R R. 3^s, .
15,000
Concord & Montreal R.R. 4s, ,
10,000
Dexter & Piscataquis R.R, 4s, .
10,000
Erie & Pittsburgh R.R. 3is,
10,000
Fitchburg R.R, 4s, .
32,000
Fitchburg R.R. 4^s, . . . .
4,000
Fitchburg R.R. 5s, .
5,000
Illinois Central R.R. 3 £ s,.
10,000
Illinois Central R.R. 4s, .
20,000
Maine Central R.R. 4s,
16,000
Maine Central R.R. 5s,
1,500
Maine Central R.R. 7s,
6,000
Maine Central and European &
North American R R. 4s,
10,000
Menominee Extension R.R. 7s,
500
New York, New Haven & Hartford
R R. 3 è s , ....................................
20,000
New York, New Haven & H artford
R.R. 4 s ,.
10.000
Old Colony R.R. 4s, .
9,000
Penobscot Shore Line R.R. 4s,
20,000
Portsmouth, G reat Falls & Conway
R.R. 4 £ s , ....................................
10,000
Troy & Boston R.R. 7s, .
10,000
Washington County R R. 3£s, .
10,000
W inona & St. Peters R.R. 7s, .
5,000
W orcester, Nashua & Rochester
R.R. 4 s ,.............................................
5,000


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Federal Reserve Bank of St. Louis

Estimated
Market Value.

$16,000
10.300
30,950
7,455
23,875
10,550
14,850
10,400
10,450
9,900
33,420
4,240
5,150
9,400
21,400
16,320
1,612
7,110

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

Amount Invested.

$16,000
10,000
30,000
7,000
24,000
10,300
15,000
9,997
10,200
10,000
33,482
4,000
5,000
9,962
22 650
16 000
1 500
6*000

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

10,600 00
508 25

10,000 00
500 00

19,150 00

20,400 00

10,200 00
9,550 00
20,800 00

10,000 00
9,000 00
21,500 00

11,550
14,100
9,400
6,500

10,000
14,500
9,300
5,000

00
00
00
00

5,250 00

00
00
00
00

5,200 00

$347,000 $360,990 75 $356,492 50

No. 8.]

75

SAYINGS BANK COMMISSIONERS.
B r ig h to n F iv e C ents S a v in g s B an k — Concluded.
Boston Terminal Company Bonds.
Par Value.

Boston Term inal Company 3às,

$20,000

Estimated
Market Value.

Amount Invested.

$22,200 00

$20,000 00

Total Amount of Loans, with Each Specified Rate o f Interest.
Kate.

Amount.

$25,241
15.000
10.000
47,000

74
00
00
00

2 per cent.
3» “
4

Amount.

$48,000 00
46,200 00
10,000 00

Rate.

Amount.

Rate.

4^ per cent.
4|
“

$699,992 00
25,400 00
50,680 00

5 per cent.
5è “
6

Amount invested in real estate for banking purposes, .
. .
. .
Estimated value of the s a m e , ......................................................................
Assessed value of the s a m e ,...............................................................................
Net income received from same during the year ending Oct. 31, 1905,
Value, by books, of other real estate held or owned by foreclosure or
o th e r w ise ,.........................................................................................................
Assessed value of the s a m e ,...............................................................................
Net income received from same during the year ending Oct. 31, 1905,
Number of loans which are of an amount not exceeding $3,000 each, 207
Aggregate amount of the s a m e , ......................................................................
Total number of loans upon real estate..................................................... 292
Gross amount of interest or profits received, as per books, during year
ending Oct. 31, 1905, .
......................................................................
Times when dividends are payable, as fixed by the by-laws : first Saturday
of January and July. Deposits commence to draw interest: first Satur­
day of January, April, July and October.
Rate and amount of each semi-annual dividend f 1 | per cent., $22,853 52 )
during the year ending Oct. 31, 1905,
.
1 1| per cent., 23,206 07 >
Number of accounts opened during the year ending Oct. 31, 1905, . 802
Number of accounts closed during the year ending Oct. 31, 1905,
. 599
Total number of open accounts Oct. 31, 1905,
. . . .
5,614
Total expenses of the corporation for the year ending Oct. 31, 1905 (ex­
clusive of taxes),
.......................................................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 5 ,.......................................................................................
Number of s a m e , ...............................................................................7,274
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 9 0 5 , ................................................................................................
Number of s a m e , ...............................................................................4,595
Date of examination by commissioner: January 17.


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

“

“

$ 10,000 00

10,000 00

9,800 00
30 98
12,000 00

15,600 00
379 42
314,380 00

64,575 87

46,059 59

5,051 88
312,972 91

283,047 56

76

REPORT OF THE

[Pub. Doc.

B R IS T O L C O U N T Y S A V IN G S B A N K — T A U N T O N .

Incorporated March 2, 1846.
E zra D avo l , President. '
A l f r e d C. P la c e , Treasurer.
A l f r e d C. P la c e , Clerk o f the Corporation.

Names of committee charged with the investment of its funds:
S il a s D. P r e s b r e y ,
W il l ia m H . F ox ,
E zra D avol ,
E v er ett D. G o d f r e y ,
E d w i n A . T h o m as .

Open for business every business day except Saturdays, 9 a .m . to 1
9 a . m . to 4 P.M.

p .m .

; Saturdays,

B alance S heet Oct . 31, 1905.

A ssets.

L ia b il it ie s .

Public funds, as per schedule, . $1,180,000 00
Loan on public funds,
3,000 00
Bank stock, as per schedule,
197,900 00
Loans on bank stock,
2,100 00
Railroad bonds, as per schedule, 1,265,000 00
Street railway bonds, as per
schedule,...................................
50.000 00
Boston Terminal Co. bonds,
200,000 00
Real estate (for banking pur­
poses)..........................................
25.000 00
Loans on real estate, .
1,269,485 00
Loans on personal security,
1,299,265 00
Loans to counties, cities or towns
( n o t e s ) , ...................................
267,300 00
Deposits in banks, on interest, .
105,696 87
Expense account,
757 66
Cash on hand, . . . .
3,246 53
$5,868,751 06

Cash on Deposit in Banks, amount in each : —
First National Bank, Boston,
.
.
.
.
National Exchange Bank, Boston,
Bristol County National Bank, Taunton, .
Machinists National Bank, Taunton, .


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Federal Reserve Bank of St. Louis

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

$5,519,602 37
280,000 00
26,913 67
42,235 02

$5,868,751 06

$2,626 20
12,217 71
50,852 96
40,000 00

No. 8.]

SAYINGS BANK COMMISSIONERS.

77

B r isto l C ou n ty S av in g s B an k — Continued.
Loan on Public Funds: —
$3,000, City of Taunton, Mass., 4s,

$3,000 00

Loans on Bank Stock, amount on each : —
7 shares Taunton National Bank, Taunton,
10 shares Taunton National Bank, Taunton,
10 shares First National Bank, New Bedford

$400 00
700 00
1,000 00

Detailed Statement o f Public Funds.
Par Value.

Massachusetts 3£s, . . . .
City of Boston, Mass., 4s,
of Brockton, Mass., 4s,
of Brockton, Mass., 5s,
of Chelsea, Mass., 4s,
of Chicago, 111, 4s, .
of Columbus, Ohio, 4s,
of Dayton, Ohio, 4 s,.
of Detroit, Mich., 4s,
of Gloucester, Mass., 4s, .
of Haverhill, Mass., 4s, .
of Holyoke, Mass., 4s,
of Kansas City, Mo., 4s, .
of Kansas City, Mo., 4 js ,.
of Lynn, Mass , 4s, .
of Malden, Mass., 4s,
of Manchester, N. H., 4 s,.
of Minneapolis, Minn,, 4s,
of New Bedford, Mass., 3js,
of New Bedford, Mass., 4s,
of New London, Conn., 4s,
of Newport, R. I., 4s,
of Newton, Mass , 4s,
of Pawtucket, R. L, 4s, .
of Portsmouth, N. H., 4s.,
of Providence, R. I., 3s, .
of Somerville, Mass,. 4s, .
of Springfield, Ohio, 4£s,
of Taunton, Mass., 4s,
of Woonsocket, R. I., 4s, .
Town of Cranston, R. L, 4s,
of Rockland, Mass., 4s, .


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

.

$50,000
25,000
30,000
5,000
50,000
100,000
50,000
50,000
50,000
25,000
50,000
50,000
25,000
25,000
20,000
50,000
25,000
25,000
15,000
35,000
30,000
50,000
50,000
20,000
25,000
50,000
10,000
20,000
50,000
50,000
50,000
20,000

Estimated
Market Value.

$52,000
25,750
31,000
5,275
51,000
102,000
50,000
52,000
53,000
25,000
53,000
50,750
25,625
27,000
20,000
50,750
25,875
26,100
15,000
37,275
31,200
50,500
52,250
20,000
25,500
46,500
10,000
21,000
52,000
51,000
51,250
20,400

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

Amount Invested.

$50,000
25,000
30,000
5,000
50,000
100,000
50,000
50,000
50,000
25,000
50,000
50,000
25,000
25,000
20,000
50,000
25,000
25,000
15,000
35,000
30,000
50,000
50,000
20,000
25,000
50,000
10,000
20,000
50.000
50,000
50,000
20,000

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

$1,180,000 $1,210,000 00 $1,180,000 00
*

Legal investments when made.

[Pub. Doc

REPORT OF THE
B r isto l C ou n ty S a v in g s B a n k — Continued.

No. of
Shares.

Detailed Statement o f B ank Stocks.

100
50
100
75
31
150
100
100
100
100
50
100
100
100
108
50
15
100
100
150
200

Par Value.

Atlantic N at’l Bank, Boston, .
Boylston Nat’l Bank, Boston,
Faneuil Hall N’l Bank, Boston,
F irst National Bank, Boston, .
Freem ans N at’l Bank, Boston,
Merchants Nat’l Bank, Boston,
Metropolitan N’l Bank, Boston,
N’l B’k of Commerce, Boston,
N ’l B’k of the Republic, Boston,
N at’l Exchange Bank, Boston,
Nat’l Rockland Bank, Boston,
National Union Bank, Boston,
Peoples Nat’l Bank, Boston, .
Second National Bank, Boston,
State National Bank, Boston, .
First National Bank, Chelsea,
F irst N’l B’k of Easton, North
Easton,
. . . .
Third Nat’l Bank, Springfield,
Bristol Co. N’l Bank, Taunton,
Machinists N’l Bank, Taunton,
Taunton N at’l Bank, Taunton,

Estimated
Market Value.

Amount Invested.

$10,000
5,000
10,000
7,500
3,100
15,000
10,000
10,000
10,000
10,000
5,000
10,000
10,000
10,000
10,800
5,000

$13,500
5,000
13,100
20,625
3,224
30,300
11,800
15,200
16,200
15,000
8,250
18,000
12,500
21,300
16,308
5,000

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

$10,000
5,000
10,030
7,500
3,100
15,000
10,000
10,000
10,000
10,000
5,000
10,000
10,000
10,000
10,800
5,000

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

1,500
10,000
10,000
15,000
20,000

2,250
21,000
11,800
21,750
21,400

00
00
00
00
00

1,500
10,000
10,000
15,000
20,000

00
00
00
00
00

$197,900 $303,507 00 $197,900 00

Detailed Statement o f Street Bailway Bonds.
Par Value.

W est End Street Railway Co. 4s,

.

$50,000

Estimated
Market Value.

Amount Invested.

$52,875 00

$50,000 00

Detailed Statement o f Railroad Bonds.
Estimated
Market Value.

Amount Invested.

$75,000

$75,000 00

$75,000 00

50,000
40,000

52,000 00
40,000 00

50,000 00
40,000 00

Par Value.

Boston & Albany R.R 3is,
Boston, Clinton, Fitchburg & New
Bedford R R. 5s., . . . .
Boston & Lowell R.R. 4s,


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Federal Reserve Bank of St. Louis

No. 8.]

79

SAYINGS BANK COMMISSIONERS.
B r isto l C ou n ty S a v in g s B a n k — Continued.
Detailed Statement o f Eailroad Bonds — Concluded.
Par Value.

Boston & Maine R R. 3¿s,
Boston & Maine R.R. 4s, .
Boston & Providence R.R 4s, .
Chic., Burlington & Quincy R R. 3ès,
Chic , Burlington & Quincy R.R. 4s,
Concord & Montreal R.R. 4s., .
Fitchburg R.R 3¿s, . . . .
Fitchburg R.R. 4s................................
Illinois Central R R. 3ès, .
Maine Central R.R. 4s,
Maine Central R R. 4¿s, .
New York, New Haven & Hartford
....................................
R.R. 3ès,
New York, New Haven & Hartford
R.R. 4s, .............................................
Old Colony R R. 4s, . . . .
Portland & Ogdensburg R.R. 5s,
W orcester, Nashua & Roch. R R. 4s,

$50,000
50,000
50,000
50,000
100,000
100,000
100,000
50,000
50,000
25,000
25,000
50,000
150,000
150,000
50,000
50,000

Estimated
Market Value.

$49,250
53,250
52,000
47,750
105,750
104,000
97,000
52,250
47,250
25,250
26,000

Amount Invested.

00
00
00
00
00
00
00
00
00
00
00

48,000 00
156,750
162,000
51,500
51,200

00
00
00
00

$50,000
50,000
50,000
50,000
100,000
100,000
100,000
50,000
50,000
25,000
25,000

00
00
00
00
00
00
00
00
00
00
00

50,000 00
150,000
150,000
50,000
50,000

00
00
00
00

$1,265,000 $1,296,200 00 $1,265,000 00

Boston Terminal Company Bonds.
Par Value.

Estimated
Market Value.

Amount Invested.

$200,000 $220,000 00 $200,000 00

Boston Terminal Company 3¿s,

Total Amount o f Loans, with Each Specified Rate o f Interest.
0
Kate.

Amount.

$14,843
50,852
40.000
25.000
40.000
75.000

91
96
00
00
00
00

2 per cent.
2? »
3
“
3.16 «
H
"
3.35 “


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

Kate.

Amount.

$25,000
130.000
170.000
372,500
246.000
110.000

00
00
00
00
00
00

3f per cent.
3|
“
3& “
4
“
4i “
4f
“

Rate.

Amount.

$449,940
252.950
569.560
4.800
89,695
280,705

00
00
00
00
00
00

44 per cent.
4| “
5
“
5i “
5i “
6
“

80

REPORT OF THE

[Pub. Doc.

B r isto l C o u n ty S a v in g s B a n k — Concluded.
Amount invested in real estate for banking purposes.............................
Estimated value of the s a m e , ....................................................
Assessed value of the same..........................................................................
,
Number of loans which are of an amount not exceeding $3,000 each, 509
Aggregate amount of the s a m e , ............................................
Total number of loans upon real e s t a t e , ...................................
581
Gross amount of interest or profits received, as per books, during year
ending Oct. 31, 1905..........................................................................
Times when dividends are payable as fixed by the by-laws: first day of
April and October. Deposits commence to draw interest : first day of
January, April, July and October.
Rate and amount of each semi-annual dividend r 2 per cent., $104,256 90 1
during the year ending Oct. 31, 1905,
.
{ If “
92,761 101
Number of accounts opened during the year ending Oct. 31, 1905,
1,354
Number of accounts closed during the year ending Oct. 31,1905,
1,187
Total number of open accounts Oct. 31, 1905, . . . .
12,318
Total expenses of the corporation for the year ending Oct. 31, 1905 (ex­
clusive of taxes),
.......................................................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 5 ,.......................................................................................
Number of same, .
.
..............................................................10 126
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1905.........................................................................................................
Number of s a m e , ......................................................................................... 617
Date of examination by commissioner, April 20.


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

$25,000 00
25,000 00
31,500 00
474,805 00

252,748 10

q
''

10 466 63
788,910 64

824,144 37

No. 8.]

SAVINGS BANK COMMISSIONERS.

81

B R O A D W A Y S A V IN G S B A N K — L A W R E N C E .

Incorporated March 9, 1872.
W il l ia m F. R u t t e r , President.
Clin t o n 0 . A n d r e w s , Treasurer.
Cl in to n 0 . A n d r e w s , Clerk o f the Corporation.

Names of committee charged with the investment of its funds :
W il l ia m F. R u t t e r ,
G eorge C. C o r le ss ,
L a ng do n E. L ocke ,
A l b e r t S. L a n g ,
W il l ia m E. H e a l d .

Open for business every business day except Saturdays, 9 a .m . to 1 p .m . ; Saturdays,
9 a . m . to 12 m . ; 2 to 3 and 7 to 8 p .m .

B alance S heet Oct . 31, 1905.

A ssets.

Public funds, as per schedule, .
Bank stock, as per schedule,
Loans on bank stock,
Railroad bonds, as per schedule,
Street railway bonds, as per
schedule,...................................
Real estate (for banking pur­
poses), ...................................
Real estate by foreclosure, etc.,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
( n o t e s ) ,...................................
Deposits in banks, on interest, .
Deposits in banks, noton interest,
Expense account,
Cash on hand, . . . .

L ia b il it ie s .

$238,800
57,800
19,900
342,125

00
00
00
00

5,000 00
48,000
5,000
1,681,735
894,569

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

18,000 00

00
00
03
72

8,000 00

12,588
5,000
374
3,427

63
00
46
87

$3,322,320 71

Cash on Deposit in Banks, amount in each : —
National Shawmut Bank, B o s t o n , .............................................................
Lawrence National Bank, Law rence,.............................................................


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

$3,164,628 01
124,000 00
15,692 70

$3,322,320 71

$606 19
16,982 44

[Pub. Doc.

REPORT OF THE

82

B r o a d w a y S a v in g s B an k — Continued.
Loans on Bank Stock, amount on each: —
29 shares Lawrence National Bank, Lawrence, .
10 shares Arlington National Bank, Lawrence, .
10 shares Merchants National Bank, Lawrence,.
3 shares Bay State National Bank, Lawrence, .
9 shares Methuen National Bank, Methuen,
90 shares Methuen National Bank, Methuen,
30 shares Lawrence National Bank, Lawrence, .
2 shares Beverly National Bank, Beverly,
4 shares National Bank of the Republic, Boston,
80 shares Lawrence National Bank, Lawrence, .
10 shares Lawrence National Bank, Lawrence, .

$4,550 00

5,000 00
3,500 00
6,000 00
850 00

Detailed Statement o f Public Funds.
Par Value.

County of Aroostook, Me., 4ès,
City of Chicago, 111 ., 4s, .
of East Providence, R. I., 4s, .
of Fort Wayne, Ind., 3ès,
of Lawrence, Mass., 4s, .
of Lynn, Mass., 4s, .
of Peoria, 111., 4^s, .
of Quincy, Mass., 3£s,
of Saginaw, Mich., 3ès, .
Town of Ft. Fairfield, Me., 4<£s,
of M arlborough, Mass., 4s, .
of Methuen, Mass., 4s, .
of Wakefield, Mass., 3is,

$10,000
75,000
55,000
20,000
10,000
15,000
18,000
2,000
6,800
8,000
5,000
10.000
4,000
$238,800

*

Estimated
Market Value.

$10,500
77,343
55,825
19,650
10,300
15,681
18,135
2,000
6,800
8,240
5,106
10,375
4,000

00
75
00
00
00
25
00
00
00
00
25
00
00

Amount Invested.

$10,000
75,000
55,000
20,000
10,000
15,000
18,000
2,000
6,800
8,000
5,000
10,000
4,000

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

$243,956 25 $238,800 00

Legal investments when made.

No. o f 1
Shares, j

Detailed Statement o f B ank Stocks.

50
100
140
5
25
64
140

Par Value.

First National Bank, Boston, .
N’l B’k of Commerce, Boston,
N at’l Shawmut Bank, B oston,.
State National Bank, Boston, .
W ebster and Atlas National
Bank, Boston,
Bay State N’l Bank, Lawrence,
Lawrence N ’l Bank, Lawrence,


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

$5,000
10,000
14,000
500

Estimated
Market Value.

$13,750
15,200
36,400
755

00
00
00
00

Amount Invested.

$5,000
10,000
21,000
500

00
00
00
00

2,500
4,800
14,000

3,550 00
7,360 00
16,100 00

2,500 00
4,800 00
14,000 00

$50,800

$93,115 00

$57,800 00

No. 8.]

SAYINGS BANK COMMISSIONERS.

83

B r o a d w a y S av in g s B an k — Continued.
D e ta ile d S ta te m e n t o f S tr e e t R a i l w a y B o n d s.

Par Value.

Merrimac Yalley Street Railway
Co. 5 s , .............................................
*

Estimated
Market Value.

Amount Invested.

$5,243 75

$5,000 00*

$5,000

A legal investment when made.

D e ta ile d S ta te m e n t o f R a ilr o a d B o n d s.

Par Value.

Boston & Maine R.R. 3s, .
Boston & Maine R.R. 4s, .
Boston & Providence R.R. 4s, .
Chic., Burlington & Quincy R.R. 4s,
Concord & Montreal R.R. 4s, .
Fitchburg R.R. 5s, . . . .
Illinois Central R.R. 3s, .
New York, New Haven & Hartford
R.R, 3 £ s , ....................................
New York, New Haven & H artford
R.R. 4 s ,.............................................
Old Colony R.R. 4s, .
W ashington County R.R. 3¿s, .

$25,000
10,000
50,000
20,000
50,000
50,000
25,000

Estimated
Market Value.

$21,275
10,650
52,000
21,300
52,000
51,250
20,875

00
00
00
00
00
00
00

Amount Invested.

$23,750
10,000
50,000
20,000
50,000
50,000
20,875

00
00
00
00
00
00
00

25,000

24,000 00

23,650 00

50,000
25,000
20,000

51,875 00
27,000 00
18,900 00

50,000 00
25,000 00
18,850 00

$350,000 $351,125 00 $342,125 00

T o ta l A m o u n t o f L o a n s , w ith E a c h S p e c ifie d R a te o f I n te re st.

Rate.

Amount.

$606
11,982
618,819
85,000

19 2 per cent.
44 .3
72 4
“
00 44
“


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

Amount.

$25,000
145,800
489,075
1,227,445

‘

00
00
00
03

Rate.

4f per cent.

4|
44
5

»
“
“

Amount.

$4,275 00
7,890 00
900 00

Rate.

per cent.
6
7

“

84

REPOET OF THE

[Pub. Doc.

B r o a d w a y S av in g s B a n k — Concluded.
Amount invested in real estate for banking purposes,................................... $48,000 00
Estimated value of the s a m e , ......................................................................
48,000
Assessed value of the s a m e ,...............................................................................
28,000
Net income received from same during year ending Oct. 31,1905, .
.
187
Value, by books, of other real estate held or owned by foreclosure or
o th e r w is e ,.........................................................................................................
5,000
Assessed value of the same, . * ......................................................................
5,300
Number of loans which are of an amount not exceeding $3,000 each, 370
Aggregate amount of the s a m e , ......................................................................
565,865
Total number of loans upon real estate..................................................... 513
Amount of investments from which no income is received,
.
.
.
5,000
Gross amount of interest or profits received, as per books, during year
ending Oct. 31, 1905............................................................................................
138,264
Times when dividends are payable, as fixed by the by-laws: third Wednes­
day of April and October. Deposits commence to draw interest: third
Wednesday of January, April, July and October.
Rate and amount of each semi-annual dividend ! 2 per cent., $54,815 61 ) ^ 714
during the year ending Oct. 31, 1905,
.
1 2 per cent.,
57,899 10 J
’
Number of accounts opened during the year ending Oct. 31, 1905,
1,947
Number of accounts closed during the year ending Oct. 31, 1905,
1,173
Total number of open accounts Oct. 31, 1905,
. . . .
6,877
Total expenses of the corporation for the year ending Oct. 31, 1905 (ex­
clusive of taxes),
........................................................................................
5,546
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 5 ,.......................................................................................
885,562
Number of s a m e , ...............................................................................10,658
Amount of withdrawals, including dividends, during the year ending
Oct. 3d, 1905.........................................................................................................
647,489
Number of s a m e , ...............................................................................5,806
Date of examination by commissioner: March 30.


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

00
00
10
00
00
03
00
99

71

80
41

89

No. 8.]

85

SAYINGS BANK COMMISSIONERS.

BR O C K T O N S A V IN G S B A N K — BR O C K T O N .

Incorporated March 3, 1881.
B a a l is S a n f o r d , President.
Ch a r l e s C. Croo k er , Treasurer.
E d w a r d M . T h om pson , Clerk, o f the Corporation.

Names of committee charged with the investment of its funds :
B a a l is S a n f o r d ,
A. C. T h o m pso n ,
B radfo rd E . J o n es ,

E nos H . R e y n o l d s ,

F. B . H o w a r d .

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

a .m .

to 2 p . m . ; Saturdays,

B a la n c e S h e e t O c t . 31, 1905.

L ia b il it ie s .

A ssets.

Public funds, as per schedule, .
Bank stock, as per schedule,
Loan on bank stock, .
Railroad bonds, as per schedule,
Boston Terminal Co. bonds,
Real estate (for banking purp o s e s ) , ...................................
Real estate by foreclosure, etc.,
Loans on real estate, .
Loans on personal security,
Deposits in banks, on interest, .
Deposits in banks, not on interest,
Expense account,
Premium account,
Taxes paid,...................................
Cash on hand, . . . .

$462,500
17,565
5,000
808,862
100,000

00
75
00
50
00

88,000
46,178
1,586,300
824,050
130,700
218
599
4,517
603
11,670

00
90
00
00
00
60
62
23
72
08

$4,086,766 40

Deposits, .
Guaranty fund,
Interest account,
Profit and loss account, .
Real estate income
account,
Due on mortgage
loans, .

$3,910,803 66
140,000 00
9,704 10
10,000 00
1,308 64
14,950 00

$4,086,766 40

Cash on Deposit in Banks, amount in each : —
Brockton National Bank, B ro ck to n ,..............................................................$29,269 47
Home National Bank, B r o c k t o n , .............................................................
69,493 32
Eliot National Bank, B o s t o n , ......................................................................
25,000 00
Mercantile Trust Company, B o s t o n ,.............................................................
7,155 81
Loan on Bank Stock: —
50 shares Home National Bank, B r o c k t o n , ............................................ $5,000 00


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

86

[Pub. Doc

REPORT OF THE
B r o ck to n S avin gs B a n k — Continued.
D e ta ile d S ta te m e n t o f P u b lic F u n d s.

Par Value.

City of Brockton, Mass., 3is, .
of Brockton, Mass., 4s,
of Chicago, 111., 4s, .
of Fall River, Mass., 4s, .
of Indianapolis, Ind., 4s, .
of Lynn, Mass., 4s, .
of Malden, Mass., 4s,
of Newton, Mass., 4s,
of Somerville, Mass., 4s, .
of Stamford, Conn., ¿¿s, .
Town of Melrose, Mass., 4s, .
of Middleborough, Mass., 4s,
of Orange, Mass., 4s,

Estimated
Market Value.

Amount Invested.

$106,600 $106,787 50 $106,600 00
89,900 00
92,225 90
89,900
100,000 00
102,687 50
100,000
25,000 00
26,812 50
25,000
35,000 00
37,275 00
35,000
4,000 00
4,080 00
4,000
6,090 00
6,000 00
6,000
25,000 00
25,000
27,781 25
14,052 50
14,000 00
14,000
17,000
17,000 00
17,000 00
25,000
26,875 00
25,000 00
5,000 00
5,000
5,135 00
10,000 00
10,000
10,168 75
$462,500 $476,970 90 $462,500 00

ÎTo. of
Shares.

D e ta ile d S ta te m e n t o f B a n k S to ck s.

Par Value.

25 Nat’l Shawmut Bank, Boston,
9 Tremont N at’l Bank, Boston, .
100 Brockton N at’l B’k, Brockton,
35 Home Nat’l Bank, Brockton, .

Estimated
Market Value.

$2,500
315
10,000
3,500

$6,500 00

$16,315

$25,300 00

_

12,500 00
6,300 00

Amount Invested.

$3,865
200
10,000
3,500

00
75
00
00

$17,565 00

D e ta ile d S ta te m e n t o f R a ilr o a d B o n d s.

Par Value.

Boston & Albany R.R. 3£s,
Boston, Clinton, Fitchburg & New
Bedford R.R. 5s...............................
Boston & Lowell R.R. 4s,
Boston & Maine R.R. 3às,
Boston & Maine R.R. 4s, .
Boston, W inthrop & Shore R.R. 5 s ,.
Chic , Burlington & Quincy R.R. 3£s,
Cleveland & Pittsburgh R.R. 4£s, .
Concord & Montreal R.R. 4s, .
Conn. & Passumpsic Rivers R.R. 4s,


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

$25,000
30,000
25,000
25,000
20,000
15,000
100,000
10,000
25,000
20,000

Estimated
Market Value.

Amount Invested.

$25,000 00

$25,000 00

31,462
25,706
24,437
21,300
15,112
95,500
11,600
25,812
21,600

50
25
50
00
50
00
00
50
00

30,000
25,000
24,937
20,000
15,000
99,000
10,000
25,000
20,000

00
00
50
00
00
00
00
00
00

No. 8.]

SAYINGS BANK COMMISSIONERS.
B r o c k to n S av in g s B an k — Continued.
D e ta ile d S ta te m e n t o f R a ilr o a d B o n d s

Par Value.

Fitchburg R.R. 4s, .
Hannibal & St. Joseph R.R. 6s,
Illinois Central R.R. 3ès, .
Illinois Central R.R. 4s, .
Maine Central R.R. 7s,
Michigan Central R.R. 3ès,
N ewport & Richford R.R. 5s, .
New York Central & Hudson River
R.R. 3ès,
....................................
New York, New Haven & H artford
R.R. 3 £ s , ....................................
New York, New Haven & Hartford
R..R. 4 s , .............................................
Old Colon}TR.R. 4s, .
Penobscot Shore Line R.R. 4s,.
Peoria & Northwestern R.R. 3ès, .
Princeton & Northwestern R.R. 3£s,
Washington County R.R. 3£s, .
Worcester, Nashua & Roch. R.R. 4s,

|50,000
25,000
75,000
5,000
25,000
25,000
6,000

— Concluded.
Estimated
Market Value.

$52,500
27,625
70,875
5,325
29,625
24,500
6,270

00
00
00
00
00
00
00

Amount Invested.

$50,000
25,000
73,425
5,000
25,000
24,062
6,000

00
00
00
00
00
50
00*

50,000

49,500 00

47,500 00

75,000

72,375 00

74,437 50

30,000
35,000
25,000
25,000
35,000
25,000
13,000

30,600
37,343
25,687
24,312
34,037
23,875
13,350

30,000
35,000
25,000
23,625
34,125
23,750
13,000

00
75
50
50
75
00
00

00
00
00
00
00
00
00

$819,000 $825,332 75 $808,862 50
* A legal investment when made.

B o sto n T e r m in a l C o m p a n y B o n d s.

Boston Terminal Company 3£s,

Par Value.

Estimated
Market Value.

$ 1 0 0 ,0 0 0

$ 1 1 1 ,0 0 0 0 0

Amount Invested.

$ 1 0 0 ,0 0 0 0 0

T o ta l A m o u n t o f L o a n s , w ith E a c h S p e c ifie d R a te o f In te r e s t.

Amount.

$98,600 00
32,100 00
85,000 00

Rate.

Amount.

Rate.

Amount.

Rate.

2 per cent.
3
3|
“ .

$916,500 00
131,000 00
188,400 00

4 per cent.
41
“
4*
“

$957,425 00
10,500 00
126,525 00

5 per cent.
H
“
6


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

88

REPORT OF THE

[Pub. Doc.

B r o ck to n S a y in g s B an k — Concluded.
Amount invested in real estate for banking purposes,................................... $88,000 00
Estimated value of the s a m e , ......................................................................
100,000
Assessed value of the s a m e ,...............................................................................
96,750
Net income received from same during year ending Oct. 31, 1905, .
.
2,313
Value, by books, of other real estate, held or owned by foreclosure or
o th e r w is e ,.........................................................................................................
46,178
Assessed value of the s a m e ,..............................................................................
77,900
Number of loans which are of an amount not exceeding $3,000 each, 508
Aggregate amount of the s a m e , ......................................................................
626,150
Total number of loans upon real e s t a t e , ............................................575
Amount of investments from which no income is received,
.
.
.
35,188
Gross amount of interest or profits received, as per books, during year
ending Oct. 31, 1 9 0 5 ,.......................................................................................
170,996
Times when dividends are payable, as fixed by the by-laws: fifteenth day
of April and October. Deposits commence to draw interest: fifteenth
day of January, April, July and October.
Rate and amount of each semi-annual dividend f 1| per cent., $61,709 59 ) ^ 4 ^
during the year ending Oct. 31, 1905,
.
i 1| per cent., 62,780 40)
’
Number of accounts opened during the year ending Oct. 31, 1905,
2,260
Number of accounts closed during the year ending Oct. 31, 1905,
1,973
Total number of open accounts Oct. 31, 1905,
. . . .
14,363
Total expenses of the corporation for the year ending Oct. 31, 1905 (ex­
clusive of taxes),
....................................................................................... 9,914 90
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 5 ,....................................................................................... 1,091,906
Number of same.................................................................................... 18,990
Amount of withdraAvals, including dividends, during the year ending
Oct. 31, 1 9 0 5 , ................................................................................................ 1,013,479
Number of s a m e , ...............................................................................13,717
Date of examination by commissioner: March 20, 21.


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

00
00
61
90
00
00
29
47

gg

45

34

No. 8.]

SAYINGS BANK COMMISSIONERS.

89

B R O O K L IN E S A V IN G S B A N K — B R O O K L IN E .
Incorporated Feb. 24, 1871.
Ch a r l e s H . S t e a r n s , President.
W il l ia m E . L in c o l n , Treasurer.
W il l ia m E . L in c o l n , Clerk o f the Corporation.

Names of committee charged with the investment of its funds :
Ch a r l e s H. S t e a r n s ,
E d w a r d M. F a r n sw o r t h ,
A l f r e d E . K e n r ic k ,
H orace J a m e s ,
J am e s H. B oody .

Open for business every business day, 9 a . m . to 1 p . m . ; also Mondays and Wednesdays,
3 to 5 p .m . ; Saturdays (except in August), 6 to 8 p .m .

B a la n c e S h e e t O c t . 31, 1905.

A ssets.

Public funds, as per schedule, .
Bank stock, as per schedule,
Loan on bank stock, .
Railroad bonds, as per schedule,
Street railway bonds, as per
schedule,...................................
Real estate (for banking pur­
poses), ...................................
Real estate by foreclosure, etc.,
Loans on real estate, .
Loans on personal security,
Deposits in banks, on interest, .
Expense account,
Taxes paid,...................................
Bank liquidation account, .
Cash on hand, . . . .

L ia b il it ie s .

$112,993
525
5,500
831,347

75
00
00
15

161,772 50
25,723
172,401
2,266,776
859,800
103,422
3,400
757
336
5,396

68
24
00
00
72
15
93
00
29

$4,550,152 41

Deposits, .
Guaranty fund,
Interest account,
Profit and loss ac­
count, .
Rent account, .
Due on m o r t g a g e
loans,

$4,424,772 15
72,675 00
38,061 65
233 86
909 75
13,500 00

$4,550,152 41

Cash on Deposit in Banks, amount in each: —
Central National Bank, Boston (in l i q u i d a t i o n ) , ................................... $2,008 02
First National Bank, B o s t o n , ......................................................................
42,036 59
National Shawmut Bank, B o s t o n , .............................................................
29,700 86
Brookline National Bank, Brookline,.............................................................
29,677 25
Loan on Bank Stock: —
100 shares American National Bank, Boston..................................................$5,500 00


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Federal Reserve Bank of St. Louis

90

REPORT OF THE

[Pub. Doc.

B r o o k lin e S av in g s B an k — Continued.
D e ta ile d S ta te m e n t o f P u b lio F u n d s .

Par Value.

City of Cambridge, Mass.,
of Chicago, 111., 4s, .
of York, Pa., 4s,
Town of Brookline, Mass.,
of Brookline, Mass,,
of Brookline, Mass.,

4s, .
S ^ s,
3T4g-s,
4 s ,.

Estimated
Market Value.

$2,000
45.000
25.000
5.000
30.000
3.000

$2,075
46,612
26,600
4,950
30,000
3,020

00
50
00
00
00
00

Amount Invested.

$2,000
46,493
26,500
5.000
30,000
3.000

00
75
00
00
00
00

$110,000 $113,257 50 $112,993 75

D e ta ile d S ta te m e n t o f B a n k S to ck s.
O. $
£ë

15

Par Value.

Trem ont N at’l Bank, Boston, .

Estimated
Market Value.

$525

Amount Invested.

$525 00

-

D e ta ile d S ta te m e n t o f S tr e e t R a i lw a y B o n d s.

Par Value.

Gloucester, Essex & Beverly Street
Railway Co. 5s, .
Lowell, Lawrence and Haverhill
Street Railway Co. 5s, .
Lynn & Boston Railroad Co. 5s,
Naumkeag Street Railway Co. 6s, .
W est End Street Railway Co. 4s, .

$13,000

Estimated
Market Value.

Amountlnvested.

$13,195 00

$14,218 75*

25.000
60.000
10,000
40,000

27,750
66,600
10,820
42,400

00
00
00
00

26,350
68,075
10,800
42,328

00*
00*
00*
75

$148,000 $160,765 00 $161,772 50
*

Legal investments when made.

D e ta ile d S ta te m e n t o f R a ilr o a d B o n d s.

Par Value.

Boston & Maine R.R. 4¿s,
Burlington & Missouri River R.R. 6s,
Chic,, Burlington & Quincy R.R. 3£s,


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Federal Reserve Bank of St. Louis

$10,000
64,600
90,000

Estimated
Market Value.

Amount Invested.

$11,800 00
73,311 00
85,950 00

$10,000 00
73,434 75
86,281 25

No. 8.]

SAVINGS BANK COMMISSIONERS.

91

B r o o k lin e S a v in g s B a n k — Continued.
D e ta ile d S ta te m e n t o f R a ilr o a d B o n d s

Par Value.

Chic., Burlington & Quincy R.R. 5s,
Chicago & N orthwestern R R. 5s, .
Chicago & Northwestern R.R. 6s, .
Fitchburg R.R. 4s, .
Hannibal & St. Joseph R.R, 6s,
Illinois Central R.R. 3s, .
Illinois Central R R. 3¿s,.
Maine Central R.R. 7s,
Milwaukee, Lake Shore & W estern
R.R. 5 s ,.............................................
New York Central & Hudson River
R.R. S i s , ....................................
New York, Lackawanna & W estern
R.R. 6 s,.............................................
New York, New Haven & Hartford
....................................
R.R. Sis,
New York, New Haven & H artford
R.R. 4 s ,.............................................
Peoria & Northwestern R.R. 3¿s, .
Princeton & Northwestern R.R. 3¿s,
Troy & Boston R.R. 7s, .

$43,000
25,000
100,000
55,000
40,000
25,000
101,000
10,000

— Concluded.
Estimated
Market Value.

$47,300
29,000
119,000
57,287
44,400
21,250
95,195
11,850

00
00
00
50
00
00
00
00

Amount Invested.

$46,742
29,189
119,555
55,000
43,200
22,100
98,390
11,512

50
40
50
00
00
00
00
50

30,000

36,000 00

34,600 00

25,000

24,687 50

24,400 00

25,000

31,750 00

29,830 00

40,000

38,300 00

38,668 75

50,000
25,000
30,000
1,000

53,500
24,375
29,250
1,410

54,537
23,735
28,725
1,445

00
00
00
00

50
00
00
00

$789,600 $835,616 00 $831,347 15

T o ta l A m o u n t o f L o a n s , w i th E a c h S p e c ifie d R a te o f I n te r e s t .

Amount.

$34,700
66,713
50.000
25.000

Rate.

86
84
00
00

2 per cent.
2i
“
3i
“
3i
“

Amount.

$437,500
25,000
205,000
608,750

Rate.

00
00
00
00

4 per cent.
4S
4|
“
4i
“

Amount.

$35,000
1,706,176
22,900
18,758

Rate.

00
00
00
02

4 | per cent.
5
5i
“
6

Amount invested in real estate for banking purposes,................................... $25,723 68
Estimated value of the s a m e , ......................................................................
30,000
Assessed value of the same...................................................................................
23,000
Value, by books, of other real estate held or owned by foreclosure or
o th e r w ise ,.........................................................................................................
172,401
Assessed value of the s a m e ,...............................................................................
161,100
Net income received from same during the year ending Oct. 31, 1905,
.
635
Number of loans which are of an amount not exceeding $3,000 each, 117
Aggregate amount of the same, .
.
.
.
.
.
.
.
.
206,550
Total number of loans upon real estate.....................................................318
Amount of investments from which no income is received,
.
.
.
50,882


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Federal Reserve Bank of St. Louis

00
00
24
00
78
00
21

92

REPORT OF THE

[Pub. Doc.

B r o o k lin e S av in g s B a n k — Concluded.
Gross amount of interest or profits received, as per books, during year
ending Oct. 31, 1 9 0 5 ,....................................................................................... $185,000 41
Times when dividends are payable, as fixed by the by-laws : after Wednes­
day following the second Monday of January and July. Deposits com­
mence to draw interest: second Monday of January, April, July and
October.
Rate and amount of each semi-annual dividend f 2 per cent., $71,143 10)
ggg
during the year ending Oct. 31, 1905,
.
1 2 per cent.,
76,845 02 )
’
Number of accounts opened during the year ending Oct. 31, 1905,
2,330
Number of accounts closed during the year ending Oct. 31, 1905,
1,066
Total number of open accounts Oct. 31, 1905,
. . . .
13,095
Total expenses of the corporation for the year ending Oct. 31, 1905 (ex­
clusive of taxes), ................................................................................................9,183 17
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 5 ,....................................................................................... 1,149,294 60
Number of s a m e , ...............................................................................17,911
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 9 0 5 , ................................................................................................
615,981 06
Number of s a m e , ...............................................................................8,321
Date of examination by commissioner : January 20.


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Federal Reserve Bank of St. Louis

No. 8.]

SAYINGS BANK COMMISSIONERS.

93

C A M B R ID G E S A V IN G S B A N K — C A M B R ID G E .
Incorporated April 2, 1834.
J ohn T. G. N ic h o l s , President.
Oscar F . A l l e n , Treasurer.
O scar F . A l l e n , Clerk o f the Corporation.

Names of committee charged with the investment of its funds :
J ohn T. G. N ic h o l s ,
E d w a r d R. Co g sw e l l ,
W a l t e r S. S w a n ,
E d w in D r e s s e r ,

E noch B e a n e ,
J am e s F . P e n n e l l .

Open for business every business day, 8 a . m . to 1 p . m .

B a la n c e S h e e t O c t . 31, 1905.

L ia b il it ie s .

A ssets.

Public funds, as per schedule, .
Loan on public funds,
Bank stock, as per schedule,
Railroad bonds, as per schedule,
Street railway bonds, as per
schedule,...................................
Boston Terminal Co. bonds,
Real estate (for banking pur­
poses), ...................................
Real estate by foreclosure, etc.,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
(notes)........................................
Loans on depositors’ books,
Deposits in banks, on interest, .
Deposits in banks, not on interest,
Expense account,
Cash on hand, . . . .

$372,000
50
40,130
701,565

00
00
00
00

206,000 00
50.000 00
83.000
4,551
2,659,834
967,597

00
01
00
20

63.000
100
49,642
10.000
3,677
416

00
00
68
00
86
50

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

$5,211,564 25

$4,750,477 65
241,000 00
53,789 81
161,171 25
5,125 54

$5,211,564 25

Cash on Deposit in Banks, amount in each : —
Charles River National Bank, Cambridge,.....................................................$26,517 68
National City Bank, C a m b r i d g e , ............................................................. 33,12^ 00
Loan on Public Funds: —
$50 United States 4 s , ........................................................................................


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Federal Reserve Bank of St. Louis

$50 00

94

REPORT OF THE

[Pub. Doc

C am b ridge S a v in g s B a n k — Continued.
D e ta ile d S ta te m e n t o f P u b lic F u n d s.

Par Value.

City of Bridgeport, Conn., 4s, .
of Cambridge, Mass., 3£s,
of Cambridge, Mass., 4s, .
of Cleveland, Ohio, 5s, .
of Dover, N. H., 4s, .
of Grand Rapids, Mich., 4£s,
of Indianapolis, Ind., 4s, .
of Kansas City, Mo., 4s, .
of New Bedford, Mass., 3£s,
of Portsmouth, N. H., 4 s,.
of Providence, R. I., 5s, .
of Saginaw, Mich., 4£s, .
Town of Brookline, Mass., 4 s,.
of Mansfield, Mass., 4 s ,.
of Marblehead, Mass., 4s,
of Wakefield, Mass., 3£s,
of W estborough, Mass., 5s,

$25,000
80,000
25,000
2,000
10,000
25,000
20,000
25,000
2,000
25,000
2,000
25,000
1,000
9,500
1,500
80,000
14,000
$372,000

Estimated
Market Value.

$26,500
80,450
26,687
2,025
10,000
26,062
21,300
26,250
2,000
25,437
2,020
25,087
1,000
10,046
1,551
80,000
14,490

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

Amount Invested.

$25,000
80,000
25,000
2,000
10,000
25,000
20,000
25,000
2,000
25,000
2,000
25,000
1,000
9,500
1,500
80,000
14,000

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

$380,907 50 $372,000 00

* Legal investments when made.

No. o f
Shares.

D e ta ile d S ta te m e n t o f B a n k S tocks.

100
11
30
5
46
58
58

Merchants N at’l Bank, Boston,
Nat’l Exchange Bank, Boston,
N at’l Rockland Bank, Boston,.
National Union Bank, Boston,.
State National Bank, Boston, .
Tremont N at’l Bank, Boston, .
Charles River National Bank,
Cambridge, . . . .
60 First N’l Bank, New Bedford,
46 Newton N at’l Bank, N ew ton,.
25 N aum keag N at’l Bank, Salem,


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

Par Value.

Estimated
Market Value.

$10,000
1,100
3,000
500
4,600
2,030

$20,200
1,650
4,950
900
6,946

5,800
6,000
4,600
2,500

10,440
8,160
4,140
3,750

$40,130

Amount Invested.

00
00
00
00
00

$10,000
1,100
3,000
500
4,600
2,030

00
00
00
00

5,800
6,000
4,600
2,500

-

$61,136 00

00
00 J
00 j
00
00
00
00
00
00
00

$40,130 00

No. 8.]

SAYINGS BANK COMMISSIONERS.

95

C am bridge S a v in g s B an k — Continued.
D e ta ile d S ta te m e n t o f S tre e t R a i lw a y B o n d s.

Par Value.

Lynn & Boston Railroad Co. 5s,
Springfield Street Railway Co. 4s, .
West End Street Railway Co. 4s, .

$50,000
56,000
100,000

Estimated
Market Value.

Amount Invested.

$55,000 00
57,120 00
105,750 00

$50,000 00*
56,000 00
100,000 00

$206,000 $217,870 00 $206,000 00
*

A legal investment when made.

D e ta ile d S ta te m e n t o f R a ilr o a d B o n d s.

Par Value.

Albany & Susquehanna R.R. 6s,
Boston & Maine R.R. 4s, .
Chic., Burlington & Quincy R.R. 3ès,
Chic., Burlington & Quincy R.R. 4s,
Chicago & N orthwestern R.R. 7s, .
Concord & Montreal R.R. 4s, .
Conn. & Passumpsic Rivers R.R. 4s,
Dakota Central R.R. 6s, .
Fitchburg R.R. 5s, .
Illinois Central R.R. 4s, .
Kansas City, St. Joseph & Council
Bluffs R.R. 7s,
. . .
Maine Central R.R. 4¿s, .
Maine Central R.R. 7s,
Menominee River R.R, 7s,
Milwaukee, Lake Shore & Western
R.R. 5 s ,.............................................
Minnesota Valley R.R. 7s,
New York, New Haven & Hartford,
R.R 3¿s,
....................................
New York, New Haven & H artford
R.R. 4 s ,.............................................
Old Colony R.R. 4 s ,.
Pennsylvania R R. 6s,
Penobscot Shore Line R.R. 4s,
Plainview R.R. 7s, . . . .
Rochester & N orthern Minnesota
R.R. 7 s ,.............................................
St. Johnsbury & Lake Champlain
R.R. 5 s ,.............................................
Upper Coos R.R. 4¿s,
W ashington County R.R. 3^s, .


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

Estimated
Market Value.

Amount Invested.

$25,000
25,000
32,000
20,000
4,000
26,000
25,000
13,000
125,000
20,000

$25,125
26,625
30,560
20,300
4,680
27,040
27,125
13,455
128,125
21,100

00
00
00
00
00
00
00
00
00
00

$25,000
25,000
30,400
20,000
4,000
26,000
25,000
13,000
125,000
20,000

00
00
00
00
00
00
00
00
00
00

25,000
25,000
16,500
7,000

25,687
26,062
19,470
7,087

50
50
00
50

25,000
25,000
16,500
7,000

00
00
00
00

38,000
2,000

45,600 00
2,160 00

38,000 00
2,000 00

50,000

48,000 00

50,000 00

50,000
10,000
48,665
25,000
2,000

52,875
10,600
53,166
26,000
2,160

50,000
10,000
48,665
25,000
2,000

00
00
51
00
00

00
00
00
00
00

2,000

2,160 00

2,000 00

15,000
25,000
50,000

18,525 00
27,500 00
47,250 00

15,000 00
25,000 00
47,000 00

$706,165

$738,439 01 $701,565 00

[Pub. Doc.

REPORT OF THE

96

C am bridge S a v in g s B a n k — Concluded.
B o sto n T e r m in a l C o m p a n y B o n d s.

Par Value.

$50,000

Boston Term inal Company 3«|s,

Estimated
Market Value.

Amount Invested.

$55,500 00

$50,000 00

T o ta l A m o u n t o f L o a n s , w ith E a c h S p e c ifie d R a te o f In te r e s t.

Kate.

Amount.

$49,642
20,000
40,000
3,000
108,197

68
00
00
00
20

2 per cent..
“
3!
“
H
“
3Ä
“

Kate.

Amount.

$733,000
50,000
173,000
952,074

00
00
00
00

4 per cent.
4|
4f
“
4*
“

Rate.

Amount.

$130,000
1,466,460
3,900
10,950

00
00
00
00

4f per cent.
5
6*
“
6
“

Amount invested in real estate for banking purposes,...................................
Estimated value of the s a m e , ......................................................................
Assessed value of the same, .
.
.
.....................................................
Net income received from same during year ending Oct. 31, 1905,
Value, by books, of other real estate held or owned by foreclosure or
o th e r w is e ,.........................................................................................................
Assessed value of the s a m e ,.............................................................
Number of loans which are of an amount not exceeding $3,000 each, 451
Aggregate amount of the s a m e , ......................................................................
Total number of loans upon real e s t a t e , ................................... .
661
Gross amount of interest or profits received, as per books, during year
ending Oct. 31, 1 9 0 5 ,.......................................................................................
Times when dividends are payable, as fixed by the by-laws: the Friday
after the fourth Thursday of January and July. Deposits commence
to draw interest: fourth Thursday of January, April, July and October.
Rate and amount of each semi-annual dividend J 1| per cent., $76,366 27 1
during the year ending Oct. 31, 1905,
.
1 If per cent.,
77,878 54 )
Number of accounts opened during the year ending Oct. 31, 1905,
1,545
Number of accounts closed during the year ending Oct. 31, 1905,
1,092
Total number of open accounts Oct. 31, 1905,
. . . .
13,334
Total expenses of the corporation for the year ending Oct. 31, 1905 (ex­
clusive of taxes),
.......................................................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1905...........................................................................................
Number of s a m e , ...............................................................................15,357
Amount of withdrawals, including dividends, during the year ending
Oct. 3 1 , 1 9 0 5 , ................................................................................................
Number of s a m e , ...............................................................................13,333
Date of examination by commissioner: February 20, 21.


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

$83,000
95,000
115,000
5,059

00
00
00
88

4,551 01
10,400 00
562,871 00

234,467 41

154,244 81

11,686 12

897,302 58

848,822 52

No. 8.]

97

SAYINGS BANK COMMISSIONERS.

C A M B R ID G E P O R T

S A V IN G S B A N K — C A M B R ID G E P O R T .

Incorporated Feb. 22, 1853.
H e n r y E ndicott , President.
H e n r y W . B u l l a r d , Treasurer.
J o sia h F . L a n e , Clerk o f the Corporation.

Names of committee charged with the investment of its funds:
H e n r y E n dico tt ,
W il l ia m W . D a l l in g e r ,
J ohn H . Corcoran ,
F r e d e r ic k W . T il t o n ,
E d w a r d C. W h e e l e r .

Open for business every business day, 8.30 a . m . to 1.30 p . m . ; also 6 to 8 p . m . the first
Saturday of each month.

B a la n c e S h e e t O ct . 31, 1905.

A ssets.

L ia b il it ie s .

Public funds, as per schedule, . $1,753,761 40
28,750 00
Bank stock, as per schedule,
2,800 00
Loan on bank stock, .
447,543 05
Railroad bonds, as per schedule,
Street railway bonds, as per
60,000 00
schedule,...................................
363,000 00
Boston Terminal Co. bonds,
Real estate (for banking pur­
199,842 55
poses),
...................................
37,526 00
Real estate by foreclosure, etc.,.
2,488,175
28
Loans on real estate, .
71,739 44
Loans on personal security,
Deposits in banks, on interest, .
7,710 24
3,824 86
Expense account,
5,811 00
Furniture and fixtures,
10,044 04
Cash on hand, . . . .

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

$5,480,527 86

$5,156,700 00
257,812 54
46,927 48
19,087 84

$5,480,527 86

Cash on Deposit in Banks, amount in each : —
Harvard Trust Company, Cambridge.............................................................. $7,552 65
92 25
Central Trust Company, Cambridge,.............................................................
Charles River National Bank, Cambridge,....................................................
65 34
Loan on Bank Stock : —
50 shares Middlesex County National Bank, Wi nchest er, .


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

.

.

.

$2,800 00

REPORT OF THE

98

[Pub. Doc.

C am b rid gep ort S av in g s B an k — Continued.
Detailed Statement o f Public Funds.
Par Value.

City of Bangor, Me., 4s, .
of Boston, Mass , 3^s,
of Boston, Mass., 5s,
of Cambridge, Mass., 3£s,
of Cambridge, Mass., 4s, .
of Chicago, 111., 3£s,
of Columbus, Ohio, 4s,
of Dover, N H , 4s, .
of Everett, Mass., 4s,
of Fort Wayne, lnd , 3£s,
of Grand Kapids, Mich., 4£s, .
of Hartford, Conn., 3£s, .
of Haverhill, Mass., 4s, .
of Kansas City, Mo., 4s, .
of Lowell, Mass., 4s,
of Lynn, Mass., 4s, .
of Malden, Mass., 4s,
of Middletown, Conn., 4s,
of Minneapolis, Minn., 4s,
of Minneapolis, Minn., 4£s,
of New Britain, Conn., 4s,
of Newton, Mass ,4s,
of Pawtucket, R I., 4s,
of Peoria, 111., 4<Js, .
of Pittsburgh, Pa., 3 |s, .
of Providence, R. I., 3s, .
of Saginaw, Mich., 4s,
of Springfield, Ohio, 4£s,.
of St. Joseph, M o, 3£s, .
Town of Arlington, Mass., 4 s ,.
of Beverly, Mass , 4s, .
of East Providence, R. I., 4s,
of Kingston, Mass , 4 s , .
of Lincoln, R. 1 , 4s,
of Maynard, M ass, 4s, .
of Melrose, M ass, 4s, .
of Revere, Mass , 3£s, .
of Rockland, Mass , 4s, .
of South Abington, M ass, 4s,
of Westerly, R I , 3^s, .
of Weymouth, Mass , 4s,
of Woonsocket, R. I , 4s,


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Federal Reserve Bank of St. Louis

$50,000
190,000
13,000
5,000
197,000
20,000
40,000
22,000
27,600
96,000
60,000
25,000
25,000
31,000
50,000
50,000
30,000
25,000
50,000
10,000
5,000
50,000
100,000
50,000
100,000
4,000
4,000
50,000
25,000
11,000
78,000
10,000
17,000
20,000
40,000
50,000
10,000
12,000
20,000
10,000
31,000
50,000

Estimated
Market Value.

$51,500
191,618
13,162
6,012
202,643
19,850
40,000
22,440
27,876
94,800
52,375
25,500
25,187
32,705
63,000
50,125
33,300
25,062
53,250
11,100
5,043
55,000
101,845
50,937
94,000
3,760
4,080
52,368
24,687
11,302
79,675
10,025
17,268
20,087
42,000
52,062
9,875
12,055
20,675
9,900
32,162
50,000

00
75
50
50
75
00
00
00
01
00
00
00
50
00
00
00
00
50
00
00
75
00
00
50
00
00
00
75
50
50
00
00
75
50
00
50
00
00
00
00
50
00

Amount Invested.

$50,000
190,400
13,000
5,000
197,000
19,900
40,000
22,000
27,600
96,000
50,000
25,000
25,000
31,091
50,000
50,000
30,000
25,000
50,000
10,000
5,000
50,000
100,000
50,000
100,000
3,770
4,000
50,000
25,000
11,000
78,000
10,000
17,000
20,000
40,000
50,000
10,000
12,000
20,000
10,000
31,000
50,000

00
00
00
00
00
00
00*
00
00
00
CO
00
00
40
00
00
00
00
00
00
00
00
00*
00
00
00
00*
00
00
00
00
00*
00
00
00
00
00
00
00
00
00
00*

$1,753,600 $1,789,319 76 $1,753,761 40
Legal investments when made.

No. 8.]

SAVINGS BANK COMMISSIONERS.

99

C am b rid gep ort S avin gs B an k — Continued.

Ko. of
Shares.

Detailed Statement o f B ank Stocks.

56
50
50
50
40
14
100

l ’ar Value.

N’l B’k of Commerce, Boston,
National Union Bank, Boston,
Tremont N at’l Bank, Boston, .
Washington N’l Bank, Boston,
Cambridgeport National Bank,
Cambridge, . . . .
N at’l City Bank, Cambridge, .
H arvard T rust Co., Cambridge,

$5,600
5,000
1,750

Estimated
Market Value.

$8,512 00
9,000 00
_

50 00

-

Amount Invested.

$5,600 00
5,000 00
1,750 00
-

1,400
10,000

480 00
1,680 00
15,000 00

1,400 00
15,000 00

$23,750

$34,722 00

$28,750 00

Detailed Statement o f Street Bailway Bonds.

W est End Street Railway Co. 4s,

.

Par Value.

Estimated
Market Value.

Amount Invested.

$60,000

$63,600 00

$60,000 00

Detailed Statement of Railroad Bonds.
Par Value.

Albany & Susquehanna R.R. 6s, .
Boston & Albany R.R. 3ès, .
Boston & Lowell R.R. 4s,
Boston & Maine R.R. 3<|s,
Boston & Maine R.R. 4s,
Chicago, Burlington & Quincy
R.R 3 d s , ....................................
Chicago, Burlington & Quincy
R.R 4 s , ....................................
Concord & Montreal R.R. 4s,
Connecticut River R.R. 3ès, .
Eastern R.R. 6s, .
Fitchburg R.R. 4s,
. . .
Illinois Central R.R 3£s,
Maine Central R.R. 7 s,.
New York, New Haven & Ilartfoi’d R.R. 4s,
Penobscot Shore Line R.R, 4s,
Troy & Boston R.R. 7s,


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

$20,000
3,000
5,000
25,000
25,000

00
00
00
00
00

10,000 00
54,000
22,000
50,000
32,605
13,000
100,000
8,000

00
00
00
55
00
00
00

30,000 00
25,000 00
25,000 00

Estimated
Market Value.

$20,150
3,000
5,325
24,625
26,750

00
00
00
00
00

9,600 00
55,540
22,880
49,250
33,013
13,276
94,500
9,480

00
00
00
12
25
00
00

30,562 50
26,000 00
35,250 00

Amount Invested.

$20,000
3,000
5,000
24,937
25,000

00
00
00
50
00

10,000 00
54,000
22,000
50,000
32,605
13,000
100,000
8,000

00
00
00
55
00
00
00

30,000 00
25,000 00
25,000 00

$447,605 55 $459,201 87 $447,543 05

REPORT OF THE

100

[Pub. Doc.

C am b rid gep ort S a v in g s B a n k — Concluded.
Boston Terminal Company Bonds.
Par Value.

Boston Term inal Company 3£s,

Estimated
Market Value.

Amount Invested.

$350,000 $388,500 00 $363,000 00

Total Am ount o f Loans, with Each Specified Rate o f Interest.
Amount.

$7,710
85.000
17.000
21,639

24
00
00
44

Rate.

Amount.

Rate.

2 per cent.
3è
3f
“

$414,688 80
27,500 00
910,837 00

4 per cent.
4f
“
4*
“

Q 79

6 TOG

<<

Amount.

Rate.

$1,079,849 48 5 per cent.
100 00 H
“
6,100 00 6
“

Amount invested in real estate for banking purposes..................................... $199,842 55
Estimated value of the s a m e , ......................................................................
200,000 00
Assessed value of the same, .
......................................................................
91,100 00
Value, by books, of other real estate held or owned by foreclosure or
o th e r w ise ,.........................................................................................................
37,526 00
Assessed value of the s a m e ,...............................................................................
51,400 00
Number of loans which are of an amount not exceeding $3,000 each, 434
Aggregate amount of the s a m e , ......................................................................
576,356 08
Total number of loans upon real e s t a t e , ............................................619
Gross amount of interest or profits received, as per books, during year
ending Oct. 31, 1 9 0 5 ,.......................................................................................
217,280 25
Times when dividends are payable, as fixed by the by-laws: third Wednes­
day of January and July. Deposits commence to draw interest: third
Wednesday of January, April, July and October.
Rate and amount of each semi-annual dividend f I f per cent., $84,056 76
I 169,433 69
during the year ending Oct. 31, 1905,
.
1 I f per cent., 85,376 93
Number of accounts opened during the year ending Oct. 31, 1905,
1,670
Number of accounts closed during the year ending Oct. 31, 1905,
1,395
Total number of open accounts Oct. 31, 1905,
. . . .
16,960
Total expenses of the corporation for the year ending Oct. 31, 1905 (ex­
clusive of taxes)..................................................................................................
12,462 06
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 5 ,.......................................................................................
881,103 25
Number of s a m e , .............................................................................. 18,328
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 9 0 5 , ................................................................................................
913,836 94
Number of s a m e , ...............................................................................17,381
Date of examination by commissioner: April 14.


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Federal Reserve Bank of St. Louis

No. 8.]

SAYINGS BANK COMMISSIONERS.

101

C A N T O N IN S T IT U T IO N F O R S A V IN G S — C A N T O N .

Incorporated March 4, 1835.
W il l is S. S h e p a r d , President.
W a lt er A m e s , Treasurer.
N a t h a n ie l W . D u n b a r , Clerk o f the Corporation.

Names of committee charged with the investment of its funds :
F r a n c is D . D u n b a r ,
H enr y F . B usw el l,
T homas E . G r o v er ,
W il l is S. S h e p a r d ,
E dw ard H . R . R ev er e.

Open for business every business day except Saturdays, 8 a . m . to 12 m . ; 1.30 to 4 p . m . ;
Saturdays, 8 a .m . to 12 m .

B a l a n c e S h e e t O ct . 31, 1905.

L ia b il it ie s .

A ssets.

Public funds, as per schedule, .
Bank stock, as per schedule,
Railroad bonds, as per schedule,
Loan on railroad stock,
Real estate by foreclosure, etc.,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
( n o t e s ) ,...................................
Deposits in banks, on interest, .
Expense account,
Tax account,
. . . .
Cash on hand, . . . .

$95,000
12,000
170,240
6,000
20,650
266,825
94,700

00
00
00
00
00
00
00

64,800
8,253
235
154
810

00
39
73
54
15

$739,668 81

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

$670,330 59
40,000 00
1,117 94
27,958 28
262 00

$739,668 81

Cash on Deposit in Banks, amount in each: —
First National Bank, Boston..............................................................................$1,314 64
Neponset National Bank, C a n t o n , .............................................................
6,938 75
Loan on Railroad Stock: —
50 shares Boston & Maine R .R .,...................................................................... $6,000 00


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Federal Reserve Bank of St. Louis

102

REPORT OF THE

[Pub. Doc.

C anton In stitu tio n for S av in g s — Continued.
Detailed Statement o f Public Funds.
Par Value.

City of Chicago, 111., 4s, .
of New Britain, Conn., 4s,
of Woonsocket, R, I., 4s, .
Town of Canton, Mass., 4s,
of Natick, Mass., 4s,
of Orange, Mass., 4s,

Estimated
Market Value.

$10,000
10,000
20,000
40,000
5,000
10,000

$10,125
10,750
20,600
41,400
5,300
10,600

00
00
00
00
00
00

$95,000

$98,775 00

Amount Invested.

$10,000
10,000
20,000
40,000
5,000
10,000

00
00
00*
00
00
00

$95,000 00

* A legal investment when made.

No. of
Shares.

Detailed Statement o f B ank Stocks.

12
8
50
50

Par Value.

First National Bank, Boston, .
Webster and Atlas National
Bank, Boston,
Neponset Nat’l Bank, Canton,
Dedham Nat’l Bank, Dedham,

Estimated
Market Value.

Amount Invested

$1,200

$3,300 00

$1,200 00

800
5,000
5,000

1,136 00
5,000 00
5,400 00

800 00
5,000 00
5,000 00

$12,000

$14,836 00

$12,000 00

Detailed Statement o f Railroad Bonds.
Par Value.

Boston & Lowell R.R. 4s,
Boston & Maine R.R. 4s, .
Boston & Providence R.R. 4s, .
Chic., Burlington & Quincy R.R. 3às,
Concord & Montreal R.R. 4s, .
Fitchburg R R. 4s, .
Illinois Central R.R. 3 ès,.
Maine Central and European &
North American R.R. 4s,
New York, New Haven & H artford
R.R. 4 s ,.............................................
Old Colony R.R. 4s, .


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

$20,000
20,000
20,000
10,000
10,000
20,000
16,000

Estimated
Market Value.

$21,200
21,300
20,800
9,550
10,400
21,000
15,040

00
00
00
00
00
00
00

Amount Invested

$20,000
20,000
20,000
10,000
10,000
20,000
15,240

00
00
00
00
00
00
00

20,000

21,200 00

20,000 00

15,000
20,000

16,050 00
21,500 00

15,000 00
20,000 00

$171,000 $178,040 00 $170,240 00

No. 8.]

SAYINGS BANK COMMISSIONERS.

103

C anton I n stitu tio n for S a v in g s — Concluded.
Total Amount o f Loans, with Each Specified Rate o f Interest.
Amount.

$8,253 39
10,000 00
89,800 00

Rate.

2 per cent.
H
“
4
“

Amount.

$10,000 00
70,750 00

Rate.

Amount.

4 | per cent.
4i
“

$174,100 00
77,675 00

Rate.

5 per cent.
6

Value, by books, of real estate held or owned by foreclosure or otherwise, $20,650 00
Assessed value of the s a m e ,...............................................................................
16,650 00
Number of loans which are of an amount not exceeding $3,000 each, 160
Aggregate amount of the same............................................................................
153,975 00
Total number of loans upon real e s t a t e , ............................................175
Amount of investments from which no income is received,
1,550 00
Gross amount of interest or profits received, as per books, during year
ending Oct. 31, 1905...........................................................................................
32,384 94
Times when dividends are payable, as fixed by the by-laws: first Tuesday
of April and October. Deposits commence to draw interest: first day of
January, April, July and October.
Rate and amount of each semi-annual dividend f 1 | per cent., $11,289 86 )
22,584 30
during the year ending Oct. 31, 1905, .
I 1| per cent.,
11,294 44 J
Number of accounts opened during the year ending Oct. 31, 1905, . 262
Number of accounts closed during the year ending Oct. 31, 1905,
. 249
Total number of open accounts Oct. 31, 1905,
. . . .
2,485
Total expenses of the corporation for the year ending Oct. 31, 1905 (ex­
clusive of taxes),
.......................................................................................
2,291 43
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 5 ,.......................................................................................
84,686 97
Number of s a m e , ........................................................................................1,463
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 9 0 5 , ................................................................................................
112,479 51
Number of s a m e , ........................................................................................1,511
Date of examination by commissioner : January 6.


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Federal Reserve Bank of St. Louis

104

[Pub. Doc

REPORT OF THE

C A PE A N N S A V IN G S B A N K — G L O U C E ST E R .
Incorporated April 15, 1846.
S y lv e st e r Cu n n in g h a m , President.
D a n ie l T. B a bso n , Treasurer.
D a n ie l T. B a b so n , Clerk o f the Corporation.

Names of committee charged with the investment of its funds :
R obert R . F e a r s ,
F r e d A. B a r k e r ,
S y l v e st e r Cu n n in g h a m ,

J ohn J. P e w .

Open for business every business day, 9 a m . to 3 p . m . ; during August, 9 a . m . to 1 p .m .

B alance Sheet Oct. 31, 1905.
L ia b il it ie s .

Assets.

Public funds, as per schedule, .
Bank stock, as per schedule,
Loans on bank stock,
Railroad bonds, as per schedule,
Street railway bonds, as per
schedule......................................
Stocks, bonds, etc., taken to
secure indebtedness,
Real estate (for banking purp o s e s ) , ...................................
Real estate by foreclosure, etc.,
Loans on real estate, .
Loans on personal security,
Loans on depositors’ books,
Deposits in banks, on interest, .
Expense account,
Suspense account,
Block income account,
Cash on hand, . . . .

$25,000
73,453
11,775
66,000

00
00
00
00

20,000 00
1,500 00
62,160
8,530
1,790,397
874,086
475
37,004
581
857
66
6,033

05
95
47
15
00
50
74
76
67
53

Deposits, .
Guaranty fund,
Interest account,
Surplus account,
Tax account, .
Due on mortgage
loans, .
Real estate account,
Miscellaneous
accounts, .

$2,977,921 82

$2,767,478
150,000
19,058
24,075
2,536

92
00
22
50
42

8,167 12
6,506 99
98 65

$2,977,921 82

Cash on Deposit in Banks, amount in each :—
National Shawmut Bank, B o s t o n , ............................................................. $6,350 62
Cape Ann National Bank, G l o u c e s t e r , ....................................................
7,932 03
Gloucester National Bank, Gloucester.............................................................
22,721 85
Loans on Bank Stock, amount on each : —
1 share Gloucester National Bank, G l o u c e s t e r , ...................................
78 shares Gloucester National Bank, Gloucester............................................
10 shares City National Bank, G l o u c e s t e r , ............................................)
5 shares Rockport National Bank, R ock p ort,............................................J
22 shares Gloucester National Bank, G lo u c e s t e r ,...................................
2 shares Gloucester National Bank, G l o u c e s t e r , ...................................
4 shares Gloucester National Bank, G l o u c e s t e r , ...................................
6 shares Salem National Bank, S a l e m , ....................................................
* These loans are in excess of the legal limit and w ill be reduced.


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

$25 00
7,000 00
j qqq qq^
’
2,200 00
150 00
400 00*
500 00*

No. 8.]

105

SAYINGS BANK COMMISSIONERS
C ape A nn S avin gs B an k — Continued.
Detailed Statement o f Public Funds.

City of Chicago, 111., 4s, .
of Lynn, Mass., 4s, .
Town of Melrose, Mass., 4s,

.

Par Value.

Estimated
Market Value.

Amount Invested.

$10,000
5,000
10,000

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

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

$25,000

$25,000 00

$25,000 00

No. of
Shares.

Detailed Statement o f Bank Stocks.
Par Value.

Freemans N at’l Bank, Boston,
Merchants N at’l Bank, Boston,
N ’l B’k of Commerce, Boston,
Nat’l Exchange Bank, Boston,
Nat’l Shawmut Bank, Boston,
New England N ’l B’k, Boston,
Old Boston N at’l B’k, Boston,
Second National Bank, Boston,
State National Bank, Boston, .
Trem ont N at’l Bank, Boston, .
W ebster and Atlas National
Bank, Boston,
61 Cape Ann N’l B’k, Gloucester,
34 Gloucester N’l B’k, Gloucester,
37 Roekport N at’l B’k, Rockport,

62
100
100
50
50
50
25
50
37
25
16

Estimated
Market Value.

$6,200
10,000
10,000
5,000
5,000
5,000
2,500
5,000
3,700
875

$6,448
20,200
15,200
7,500
13,000
6,900
2,625
10,650
5,587

1,600
6,100
3,400
3,700

2,272
8,540
4,080
3,700

¿.mount Invested.

00
00
00
00
00
00
00
00
00

$6,200
10,000
10,000
5,000
10,000
5,000
2,500
5,000
4,055
875

00
00
00
00
00
00
00
00
00
00

00
00
00
00

1,600
6,100
3,423
3,700

00
00
00
00

-

$68,075 $106,702 00

$73,453 00

Detailed Statement o f Street Railway Bonds.
Estimated
Market Value.

Amount Invested'

$10,000
10,000

$10,800 00
10,000 00

$10,000 00*
10,000 00

$20,000

$20,800 00

$20,000 00

Par Value.

L}rnn & Boston Railroad Co. 5s,
W est End Street Railway Co. 4s,


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Federal Reserve Bank of St. Louis

.

* A legal investment when made.

106

REPORT OF THE

[Pub. Doc.

C ape A n n S a v in g s B a n k — Concluded.
Detailed Statement o f Railroad Bonds.
Par Value.

Chic , Burlington & Quincy R.R. 3¿s,
Chic., Burlington & Quincy R.R. 4s,
Fitchburg R.R. 4s, .
Illinois Central R.R 3is, .
New York, New Haven & Hartford
R.R, 3¿s,
....................................

$10,000
9,000
10,000
12,000

Estimated
Market Value.

$9,600
9,000
10,000
11,400

00
00
00
00

Amount Invested.

$10,000
9,000
10,000
12,000

00
00
00
00

25,000

24,000 00

25,000 00

$66,000

$64,000 00

$66,C00 00

Total Am ount o f Loans, with Each Specified Rate o f Interest.
Amount.

$29,072
7,932
25,000
268,437

Rate.

47
03
00
50

2 per cent.
2i
“
3f “
4
“

Amount.

$44,000
88,000
144,000
56,000

00
00
00
00

Rate.

Amount.

Rate.

4J per cent.
4f «
4i “
4f “

$796,792 30
71,500 00
1,183,003 82

5 per cent.
5à “
6
“

Amount invested in real estate for banking purposes,...................................
Estimated value of the s a m e , ......................................................................
Assessed value of the s a m e ,...............................................................................
Value, by books, of other real estate held or owned by foreclosure or
o th e r w is e ,.........................................................................................................
Assessed value of the s a m e ,..............................................................................
Number of loans which are of an amount not exceeding $3,000 each, 1,072
Aggregate amount of the s a m e , ......................................................................
Total number of loans upon real e s t a t e , ................................... 1,104
Amount of investments from which no income is received,
Gross amount of interest or profits received, as per books, during year
ending Oct. 31, 1905............................................................................................
Times when dividends are payable, as fixed by the by-laws : first day of
May and November. Deposits commence to draw interest: third busi­
ness day of January, April, July and October.
Rate and amount of each semi-annual dividend f If per cent., $46,093 79 1
during the year ending Oct. 31, 1905,
. I If per cent., 45,881 40 i
Number of accounts opened during the year ending Oct. 31, 1905,
1,145
Number of accounts closed during the year ending Oct. 31, 1905,
1,146
Total number of open accounts Oct. 31, 1905...................................
9,827
Total expenses of the corporation for the year ending Oct. 31, 1905 (ex­
clusive of taxes),
.......................................................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 5 ,.......................................................................................
Number of s a m e , ...............................................................................8,302
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 9 0 5 , ................................................................................................
Number of s a m e , ............................................................................... 8,575
Date of examination by commissioner: July 13, 14.


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

$62,160 05
61,000 00
50,800 00
8,530 95
11,300 00
928,527 32
30,499 00
130,984 24

91,975 19

6,689 80
370,828 00

489,253 70

No. 8.]

107

SAVINGS BANK COMMISSIONERS

C A PE COD F IV E C E N T S S A V IN G S B A N K — H A R W IC H .
Incorporated March 16, 1855.
A l e x a n d e r T. N ew c o m b , President.
A lphonso L. W e e k e s , Treasurer.
A lphonso L. W e e k e s , Clerk o f the Corporation.

Names of committee charged with the investment of its funds:
A l e x a n d e r T. N ew co m b ,
E l e a z e r K. C r o w e l l ,
J oshua C r o w e l l ,
O l iv e r E . E l d r e d g e ,

H e n r y H . F is k ,
A ugustus C. S n o w .

Open for business every business day, 9 a .m . to 1 p . m .
B a la n c e S h e e t O c t . 31, 1905.

L ia b il it ie s .

A ssets.

Public funds, as per schedule, .
Loans on public funds,
Bank stock, as per schedule,
Loans on bank stock,
Railroad bonds, as per schedule,
Loan on railroad bonds,
Stocks, bonds, etc., taken to se­
cure indebtedness, .
Real estate (for banking pur­
poses), ...................................
Real estate by foreclosure, etc.,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
( n o t e s ) , ...................................
Deposit in bank, on interest,
Cash on hand, . . . .

$10,000
45.000
23,400
10,080
229,875
1,000

00
00
00
00
00
00

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

19,952 99

100 00
2,400
27,353
348,159
384,537

00
03
50
00

80.000 00
3,000 00
1,635 50
$1,166,540 03

$1,166,540 03

Cash on Deposit in Bank : —
Cape Cod National Bank, Harwich,

.

.

.

Loans on Bank Stock, amount on each: —
100 shares City National Bank, Gloucester,
2 shares Cape Cod National Bank, Harwich, .
1 share Cape Cod National Bank, Harwich, .

$3,000 00

.

Loans on Public Funds, amount on each: —
$15,000 City of Minneapolis, Minn., 3Js, .
25.000 City of Providence, R. I., 3£s,
15.000 City of Providence, R. I., 3^s,
2,000 New York, New Haven & Hartford R.R. 3£s,


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

$1,091,587 04
55,000 00

:}

$30,000 00

:(

15,000 00

$ 10,000 00

50 00
30 00

108

R EPO R T OF TH E

[Pub. Doc

C ape C od F iv e C en ts S a v in g s B a n k — Continued.
Loan on Railroad Bonds: —
$1,000 Fremont, Elkhorn & Missouri Valley R.R. 6s,

.

.

.

$1,000 00

Detailed Statement o f Public Funds.
Par Value.

City of Chicago, 111., 4s, .

$10,000

Estimated
Market Value.

Amount Invested.

$10,300 00

$10,000 00

No. of
Shares.

Detailed Statement o f B ank Stocks.
*

7 Faneuil Hall N ’l Bank, Boston,
50 Fourth National Bank, Boston,
31 N ’l Bank of Commerce, Boston,
15 N’l B’k of the Republic, Boston,
26 N at’l Exchange Bank, Boston,
46 State National Bank, Boston, .
38 Cape Cod N at’l Bank, Harwich,
21 First N at’l B’k, Yarmouthport,

Par Value.

$700
5,000
3,100
1,500
2,600'
4,600
3,800
2,100
$23,400

Estimated
Market Value.

Amount Invested.

$917
6,950
4,712
2,430
3,900
6,946
4,940
2,688

$700
5,000
3,100
1,500
2,600
4,600
3,800
2,100

00
00
00
00
00
00
00
00

$33,483 00

00
00
00
00
00
00
00’
00

$23,400 00

Detailed Statement o f Railroad Bonds.
Par Value.

Boston & Lowell R.R. 4s,
Boston & Maine R.R. 4s, .
Chic., Burlington & Quincy R.R. 3^s,
Concord & Montreal R.R. 4s, .
Conn. & Passumpsic Rivers R.R. 4s,
Illinois Central R.R. 3is, .
New York, New Haven & Hartford
R.R 3£s.............................................
New York, New Haven & H artford
R.R, 4 s ,.............................................
Old Colony R.R, 4s, .
Pittsburgh, V irginia & Charleston
R.R, 4 s ,.............................................


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

Estimated
Market Value.

Amount Invested.

$5,000
10,000
15,000
25,000
20,000
10,000

$5,100
10,750
14,250
26,000
21,400
9,400

50,000

48,000 00

48,875 00

55,000
21,000

57,900 00
22,470 00

55,000 00
21,000 00

20,000

21,600 00

20,000 00

00
00
00
00
00
00

$5,000
10,000
15,000
25,000
20,000
10,000

00
00
00
00
00
00

$231,000 $236,870 00 $229,875 00

No. 8.]

SAYINGS BANK COMM ISSIONERS.

109

C ape Cod F iv e C ents S a v in g s B an k — Concluded.
Total Am ount o f Loans, with Each Specified Rate o f Interest.
Amount.

$3,000
70.000
143,500
25.000

Rate.

00
00
00
00

2 per cent.
3|
4
“
44
“

Amount.

$130,000
144,398
10,000
209,618

Rate.

00
50
00
50

4 | per cent.
H
“
4|
5
“

Amount.

$14,669
84,386
200
37,004

Rate.

10
00
00
40

5£ per cent.
6
6è
“
7

Amount invested in real estate for banking purposes,................................... $2,400 00
Estimated value of the sam e,...............................................................................
3,000
Assessed value of the s a m e ,...................................................................... ........
1,750
Value, by books, of other real estate, held or owned by foreclosure or
o th e r w is e ,.........................................................................................................
27,453
Assessed value of the s a m e ,...............................................................................
39,300
Number of loans which are of an amount not exceeding $3,000 each, 390
Aggregate amount of the s a m e , ......................................................................
191,002
Total number of loans upon real estate..................................................... 349
Amount of investments from which no income is received, . . . .
100
Gross amount of interest or profits received, as per books, during year
ending Oct. 31, 1 9 0 5 ,.......................................................................................
52,346
Times when dividends are payable, as fixed by the by-laws: second
Wednesday of April and October. Deposits commence to draw interest
second Wednesday of January, April, July and October.
Rate and amount of each semi-annual dividend j 1| per cent., $18,136 24 )
^
during the year ending Oct. 31, 1905,
.
( If per cent.,
18,317 87 i
’
Number of accounts opened during the year ending Oct. 31, 1905, . 243
Number of accounts closed during the year ending Oct. 31, 1905,
. 194
Total number of open accounts Oct. 31, 1905,
. . . .
3,616
Total expenses of the corporation for the year ending Oct. 31, 1905 (ex­
clusive of taxes),
.......................................................................................
4,283
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1905............................................................................................
144,981
Number of s a m e , ...............................................................................1,942
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 9 0 5 , ................................................................................................
144,487
Number of same....................................................................................1,998
Date of examination by commissioner : March 20.


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

00
00
03
00
90
00
82

^

69
45

99

110

R EPO RT O F TH E

[Pub. Doc.

C E N T R A L S A V IN G S B A N K — L O W E L L .
Incorporated March 3, 1871.
O l iv e r H . M oulton , President.
Cl a r e n c e W . W h id d e n , Treasurer.
Cl a r en c e W . W h id d e n , Clerk o f the Corporation.

Names of committee charged with the investment of its funds:
D a n ie l S w a n ,
A m asa P r a t t ,
A r t h u r G. P o l l a r d ,

C harles W . W il d e r ,
C l a r en c e W . W h id d e n ,
H enry W . B a r n e s.

Open for business every business day, 9 a .m . to 1 p .m . ; also Saturdays, 7 to 9 p .m .

B a l a n c e S h e e t Oc t . 3 1

A ssets.

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

, 1905.
L ia b il it ie s .

$689,100
3,000
13,700
900
642.000
100.000

00
00
00
00
00
00

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

$4,288,228 88
205,000 00
381 39
121,141 53

25,000 00
2,085,128 00
744,670 00
123,549
1,550
176,696
25
30
9,403

00
00
30
00
00
50

$4,614,751 80

$4,614,751 80

Cash on Deposit in Banks, amount in each : —
Old Colony Trust Company, B o sto n ,............................................................. $49,775 85
Appleton National Bank, L o w e l l , .............................................................
25,000 00
Union National Bank, L o w e l l , ......................................................................
101,920 45
Loan on Public Funds: —
$2,000 City of Lowell, Mass., 4s........................................................................ I
$3 000 00
1,000 Town of Winchester, Mass., 4 s , ............................................J
’
Loan on Bank Stock : —
11 shares Old Lowell National Bank, Lowell..................................................


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

$900 00

No. 8.]

SAYINGS BANK COMM ISSIONERS.

I ll

C en tral S avin gs B an k — Continued.
Detailed Statement o f Public Funds.
Par Value.

Massachusetts 3£s, . . . .
County of Middlesex, Mass., 4s,
City of Augusta, Me., 4s, .
of Barre, Vt., 4s,
of Boston, Mass., 3<£s,
of Boston, Mass., 4s,
of Brockton, Mass., 4s,
of Burlington, Vt., 4s,
of Cambridge, Mass , 4s, .
of Chelsea, Mass , 4s,
of Chicopee, Mass., 3£s, .
of Chicopee, Mass., 4s,
of Everett, Mass., 4s,
of Fall River, Mass., 3£s,.
of Fitchburg, Mass., 4s, .
of Haverhill, Mass., 4s, .
of Holyoke, Mass., 3£s, .
of Holyoke, Mass., 4s,
of Lawrence, Mass., 4s, .
of Lowell, Mass., 4s,
of Lynn, Mass., 3^s,
of Lynn. Mass., 4s, .
of Malden, Mass., 4s,
of Medford, Mass., 4s,
of Melrose, Mass., 4s,
of New Bedford, Mass., 3£s,
of New Bedford, Mass., 4s,
of Newton, Mass., 4s,
of North Adams, Mass., 4s,
of Pittsfield, Mass., 3£s, .
of Portsmouth, N. H., 4 s,.
of Providence, R. I., 4s, .
of Quincy, Mass., 4s,
of Salem, Mass., 3£s,
of Salem, Mass , 4s, .
of Somerville, Mass , 4 s , .
of Taunton, Mass., 3£s, .
of Taunton, Mass., 4s,
of W altham, Mass., 4s, .
of Woburn, Mass , 4s,
Town of Abington, Mass , 4s, .
of Adams, Mass , 4s,
of Arlington, Mass , 4 s ,.
of Athol, Mass., 4s,
of Belmont, Mass., 4s, .
of Beverly, Mass., 4s, .
of Billerica, Mass., 3£s,.
of Billerica, Mass., 4s, .


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

.

$50,000
39,000
26,000
5,000
42,000
16,000
6,000
10,000
10,000
11,000
1,000
16,000
5,000
10,000
3,000
24,000
10,000
5,000
16,000
20,000
15,000
1,000
17,000
12,000
3,000
25,000
1,000
1,000
4,000
20,000
5,000
3,000
9,400
3,000
4,000
5,000
3,000
5,000
5,000
7,000
3,000
19,000
1,000
11,000
1,000
5,000
22,000
3,000

Estimated
Market Value.

$52,250
39,575
28,005
5,170
42,325
16,940
6,422
10,362
10,500
11,082
1,002
16,505
5,425
10,025
3,100
25,115
10,025
5,175
17,005
21,070
15,075
1,057
17,840
12,502
3,177
25,200
1,090
1,065
4,132
20,200
5,300
3,240
9,480
3,015
4,040
5,125
3,030
5,195
5,215
7,060
3,285
19,902
1,065
11,970
1,010
5,125
22,220
3,240

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

Amount Invested.

$50,000
39,000
26,000
5,000
42,000
16,000
6,000
10,000
10,000
11,000
1,000
16,000
5,000
10,000
3,000
24,000
10,000
5,000
16,000
20,000
15,000
1,000
17,000
12,000
3,000
25,000
1,000
1,0U0
4,000
20,000
5,000
3,000
9,400
3,000
4,000
5,000
3,000
5,000
5,000
7,000
3,000
19,000
1,000
11,000
1,000
5,000
22,000
3,000

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

[Pub. Doc

R EPO RT OF T H E

112

C en tral S av in g s B an k — Continued.
Detailed Statement o f Public Funds — Concluded.
Par Value.

Town of Boothbay Harbor, Me., 4s,
of Bourne, Mass., 4s,
of Brookline, Mass., 3¿s,
of Canton, Mass , 4s,
of Clinton, Mass., 3¿s, .
of Falmouth, Mass., 4s, .
of Fram ingham , Mass., 3ès, .
of Gardner, Mass., 4s, .
of Ipswich, Mass., 4s, .
of Lincoln, Mass., 4s,
of Milton, Mass., 3¿s, .
of Meriden, Conn., 3ès, .
of Methuen, Mass., 4s, .
of Montague, Mass., 4s,
of Norwood, Mass , 4s, .
of North Andover, Mass., 4¿s,
of N. Attleborough. Mass , 4s,
of Peabody, Mass., 4s, .
of Randolph, Mass., 4 s,.
of Revere, Mass., 3ès, .
of W are, Mass., 4s,
of W arren, R. I., Sès, .
of W atertown, Mass., 4s,
of Westfield, Mass., 4s, .
of Winchester, Mass., 3 |s,
of Winchester, Mass., 4s,

$2,000
3,000
5,000
1,000
7,000
5,000
6,000
7,000
2,000
2,000
10,000
20,000
17,000
2,000
2,000
2,000
5,300
3,000
2,000
10,000
5,400
9,000
5,000
5,000
12,000
1,000

Estimated
Market Value.

$2,110
3,072
5,050
1,005
7,105
5,150
6,060
7,288
2,145
2,070
10,100
20,150
18,340
2,035
2,040
2,020
5,651
3,045
2,020
10,075
5,508
9,045
5,175
5,200
12,120
1,035

00
50
00
00
00
00
00
75
00
00
00
00
00
00
00
00
12
00
00
00
00
00
00
00
00
00

Amount Invested.

$2,000
3,000
5,000
1,000
7,000
5,000
6,000
7,000
2,000
2,000
10,000
20,000
17.000
2,000
2 ,0 0 0

2,000
5,300
3,000
2,000
10,000
5,400
9,000
5,000
5,000
12,000
1,000

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

$689,100 $711,552 87 $689,100 00

No. of
Shares.

Detailed Statement o f Bank Stocks.

50
15
72

Par Value.

Old Lowell N ’l Bank, Lowell,
Prescott Nat’l Bank, Lowell, .
Union National Bank, Lowell,


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

Estimated
Market Value.

Amount Invested.

$5,000
1,500
7,200

$5,050 00
1,620 00
11,520 00

$5,000 00
1,500 00
7,200 00

$13,700

$18,190 00

$13,700 00

No. 8.]

113

SAYINGS BANK COMM ISSIONERS

C en tral S a v in g s B a n k

—

Continued.

•

Detailed Statement o f Railroad Bonds.
Estimated
Market Value.

Beech Creek R.R. 4s,
Boston & Albany R R. 3às,
Boston & Lowell R.R. 3£s,
Boston & Lowell R.R. 4s,
Boston & Maine R.R. 3£s,
Boston & Maine R.R. 4s, .
Boston & Maine R R. 4£s,
Chic., Burlington & Quincy R.R. 3£s,
Chic., Burlington & Quincy R.R. 4s,
Cleveland & Pittsburgh R.R. 3£s, .
Concord & Montreal R.R. 4s, .
Eastern R.R. 6s,
. . .
Fitchburg R.R. 4s, .
Fitchburg R R. 4 ¿s, . . . .
Fitchburg R.R. 5s, .
Maine Central R.R. 4s,
Maine Central R R 4£s, .
Maine Central R.R. 5s,
New London Northern R.R, 4s,
New London Northern R R. 5s,
New York, New Haven & H artford
R.R. 4 s ,.............................................
Old Colony R.R. 3^s,
Old Colony R R. 4s,.
Portland & Ogdensburg R.R. 3£s, .
Portland & Ogdensburg R R. 5s,
Portland & Rumford Falls R.R. 4 s,.
Portsmouth, Great Falls & Conway
R.R. 4 è s , ....................................
Rome, W atertown & Ogdensburg
R.R. 5 s ,.............................................
Washington County R.R. 3ès, .

$25,000
10,000
5,000
94,000
10,000
15,000
25,000
25,000
25,000
25,000
4,000
10,000
57,000
10,000
7,000
25,000
3,000
2,000
1,000
25,000

$26,500
10,000
5,000
95,655
10,000
16,025
29,375
24,000
26,375
24,625
4,160
10,175
59,400
10,600
7,210
25,500
3,142
2,145
1,020
26,250

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

$25,000
10,000
5,000
94,000
10,000
15,000
25,000
24,000
25,000
25,000
4,000
10,000
57,000
10,000
7,000
25,000
3,000
2,000
1,000
25,000

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

85,000
10,000
59,000
20,000
12,000
25,000

88,362
10,000
62,845
20,000
12,360
26,125

50
00
00
00
00
00

85,000
10,000
59,000
20,000
12,000
25,000

00
00
00
00
00
00

1,000

1,155 00

1,000 00

4,000
25,000

4,660 00
24,000 00

4,000 00
24,000 00

$644,000 $666,665 00 $642,000 00

Boston Term inal Company Bonds.
Estimated
Market Value.

Boston Terminal Company 3^s,


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

.A.moun i Xuvos iëd»

$100,000 $111,000 00 $100,000 00

114

REPO R T OF TH E

[P ub. Doc

C en tral S a v in g s B a n k — Concluded.
Total Amount of Loans, with Each Specified Bate of Interest.
Amount.

$151,696
25,000
3,500
26,200

Rate.

30
00
00
00

2 per cent.
3
34
3è

“
“

Amount.

$1,300
1,025,435
25,000
108,000

Rate.

00
00
00
00

3 | per cent.
4
“
4|
“
44 «

Amount.

$380,018
1,359,469
14,050
15,825

Rate.

00
00
00
00

44 per cent.
5
“
5è
“
6

Amount invested in real estate for banking purposes,................................... $25,000 00
Estimated value of the s a m e , ......................................................................
35,000 00
Assessed value of the s a m e ,...............................................................................
28,000 00
Net income received from same during year ending Oct. 31, 1905, .
.
954 59
Net income received from same during the year ending Oct. 31, 1905,
.
608 79
Number of loans which are of an amount not exceeding $3,000 each, 593
Aggregate amount of the s a m e , ......................................................................
789,235 00
Total number of loans upon real e s t a t e , ............................................ 745
Gross amount of interest or profits received, as per books, during year
ending Oct. 31, 1 9 0 5 ,...................................................................... •
192,714 16
Times when dividends are payable, as fixed by the by-laws: first Satur­
day of May and November. Deposits commence to draw interest: first
Saturday of February, May, August and November.
Rate and amount of each semi-annual dividend j 2 per cent., $76,301 43 1 ^ ^ ^
during the year ending Oct. 31, 1905,
.
t 2 per cent.,
78,636 51 J
’
Number of accounts opened during the year ending Oct. 31, 1905,
1,244
Number of accounts closed during the year ending Oct. 31, 1905,
. 813
Total number of open accounts Oct. 31, 1905,
. . . .
8,342
Total expenses of the corporation for the year ending Oct. 31, 1905 (ex­
clusive of taxes),
........................................................................................
13,484 22
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1905............................................................................................
721,609 99
Number of same.................................................................................... 7,603
Amount of withdrawals, including dividends, during the year ending
Oct. 3 1 , 1 9 0 5 , ................................................................................................
567,337 27
Number of s a m e , ...............................................................................6,369
Date of examination by commissioner: August 29.


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

No. 8.]

115

SAYINGS BANK COMMISSIONERS.

C H A R L E S T O W N F I V E C E N T S S A V IN G S B A N K — B O ST O N .
Incorporated April 7, 1854.
C h a r l e s F. B y a m , President.
A ugustus W. S toyer , Treasurer.
J o hn H . G ib b s , Clerk o f the Corporation.

Names of committee charged with the investment of its funds:
C h a r l e s F. B y a m ,
C h a r le s M. H o sm er ,
B e n ja m in F. S ta c ey ,
G eorge H. P e n d e r g a st ,
G eorge M. S t a r e ir d .
Open for business every business day except Saturdays, 9 a .m . to 2
Wednesdays, 3 to 5 p .m . ; Saturdays, 9 a . m . to 12 m .

p .m .

;

B a la n c e S h e e t O ct . 31, 1905.

L ia b il it ie s .

A ssets.

Public funds, as per schedule, .
Loans on public funds,
Bank stock, as per schedule,
Loans on bank stock,.
Railroad bonds, as per schedule,
Loans on railroad bonds, .
Street railway bonds, as per
schedule......................................
Loan on railroad stock,
Boston Terminal Co. bonds,
Real estate (for banking pur­
poses),
...................................
Real estate by foreclosure, etc.,
Loans on real estate, .
Loans on personal security,
Deposits in banks, on interest, .
Cash on hand, . . . .

$747,000
90.000
305,300
72.300
688,900
201,000

00
00
00
00
00
00

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

$7,292.081 37
357,000 00
403,981 92

75.000 00
17.000 00
110,000 00
70.000
54.034
2,870,140
2,537,900
206,953
7,536

00
00
00
00
26
03

$8,053,063 29

$8,053,063 29

Cash on Deposit in Banks, amount in each : —
Bunker Hill National Bank, Boston, .
Metropolitan National Bank, Boston, .
National Security Bank, Boston,.
Commonwealth Trust Company, Boston, .
Loans on Public Funds, amount on each : —
$55,000 City of Boston, Mass., 3£s,
.
.
.
.
9.000 New York, New Haven & Hartford R.R. 4s,
20.000 Massachusetts 3^s.......................................
6.000 New York, New Haven & Hartford R.R. 4s,
14.000 City of Philadelphia, Pa., 3£s,
2.000 Chicago, Burlington & Quincy R.R. 3¿s,
1.000 Illinois Central R.R. 3£s,


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

$90,818
25.000
15.000
76,134

63
00
00
63

I

$50,000 00

}

25,000 00

i

15,000 00

REPORT OF THE

116

[Pub. Doc.

C h a rlesto w n F iv e C en ts S a v in g s B a n k — Continued.
Loans on Bank Stock, amount on each : —
300 shares Adams Trust Company, Boston,
16 shares People’s National Bank, Boston,
30 shares Commercial National Bank, Boston,
100 shares Adams Trust Company, Boston,
300 shares Union National Bank, Lowell, .
28 shares Atlantic National Bank, Boston,

$30,000 00
4,500 00
10,000 00

25,000 00
2,800 00

Loans on Railroad Bonds, amount on each : —
$55,000 New York, New Haven & Hartford R.R. 4s,
28.000 New York. New Haven & Hartford R.R. 4s,
6.000 Illinois Central R.R. 3£s,
2.000 Cleveland & Pittsburgh R.R. 3^s, .
1.000 City of Minneapolis, Minn., 4s,
1.000 City of Minneapolis, Minn., 4s,
1.000 Hillsborough County, N. H., 4s,
500 City of Scranton, Pa., 4s.,
25.000 Fitchburg R.R. 4s......................................
52.000 Fitchburg R.R. 4 s , ...................................
28.000 Fitchburg R.R. 4 s , ...................................
13.000 Cleveland & Pittsburgh R.R. 3£s, .
1.000 City of Taunton, Mass., 4s,
2.000 City of New Haven, Conn., 4s,
1.000 City of Bridgeport, Conn., 4 s,.
1.000 County of Hillsborough, N. H., 4s,

$50,000 00
25,000 00

)■

10,000 00

25.000 00
50.000 00
25.000 00

Loan on Railroad Stock : —
62 shares Boston & Albany R.R.,
31 shares Boston & Providence R.R.,

}•

16,000 00

I

$17,000 00

D e ta ile d S ta te m e n t o f P u b lic F u n d s .

Par Value.

Massachusetts 3£s, .
City of Augusta, Me., 4s,
of Boston, Mass,, 4s,
of Bridgeport, Conn., 4 s ,.
of Holyoke, Mass , 4s,
of Kansas City, Mo., 4£s,
of Kansas City, Mo., 5s, .
of Malden, Mass., 4s,
of Manchester, N. H., 5s,
of Medford, Mass., 4s,
of Milwaukee, Wis., 4s, .
of New Bedford, Mass , 4s,
of New Haven, Conn., 4s
of Newton, Mass , 4s,
of Providence, R. I., 4s, .


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

Estimated
Market Value.

Amount Invested.

$113,000 $117,115 00 $113,000 00
25,000
26,750 00
25,000 00
51,000
53,092 50
51,000 00
8,000
3,165 00
3,000 00
38,000
38,000 00
39,518 75
25,000
27,000 00
25,000 00
5,000
5,600 00
5,000 00
25,000
26,687 50
25,000 00
50,000
54,500 00
50,000 00
50,000
53,000 00
50,000 00
39,000
41,497 50
39,000 OO
66,000
68,970 00
66,000 00
5,000 00
5,000
5,448 75
50,000
52,875 00
50,000 00
54,000
54,000 00
58,152 50

No. 8.]

117

SAYINGS BANK COMMISSIONERS

C h a r lesto w n F iv e C en ts S a v in g s B an k — Continued.
Detailed Statement o f Public Funds — Concluded.
Par Value.

City of Taunton, Mass., 4s,
of Troy, N. Y., 4s, .
of Youngstown, Ohio, 5s,
Town of Great Barrington, Mass., 4s,
of Lexington, Mass., 4s,
of Natick, Mass., 4s,
of South Wayne, Ind., 6s,
of Wakefield, Mass., 4 s,.

$14,000
15,000
25,000
11,000
50,000
16,000
5,000
12,000

Estimated
Market Value.

$14,525
15,975
29,250
11,687
51,315
17,120
5,850
12,840

00
00
00
50
00
00
00
00

Amount Invested.

$14,000
15,000
25,000
11,000
50,000
16,000
5,000
12,000

00
00
00
00
00
00
00
00

$747,000 $791,935 00 $747,000 00

Detailed Statement o f Bank Stocks.
O CrAO
o

Andover N at’l Bank, Andover,
Boylston N at’l Bank, Boston, .
Bunker Hill N’l Bank, Boston,
Commonwealth T rust Company, Boston,
500 Continental N’l Bank, Boston,
300 Eliot National Bank, Boston, .
250 First National Bank, Boston, .
150 F irst Ward Nat’l Bank,Boston,
65 Freemans Nat’l Bank, Boston,
224 Metropolitan N ’l Bank, Boston,
166 Monument N at’l Bank, Boston,
263 N’l B’k of Commerce, Boston,
342 N’l B’k of the Republic, Boston,
27 N ’l M arket Bank of Brighton,
Boston, .
.
.
.
.
24 Second N at’l Bank, Boston,
123 State National Bank, Boston, .
111 W ebster and Atlas N at’l Bank,
B oston,....................................
150 Home N at’l Bank, Brockton, .
13 Conway Nat’l Bank, Conway,.
75 Waeliusett N’l B’k, Fitchburg,
25 Union National Bank, Lowell,
50 Essex T rust Co., Lynn, .
67 Blue Hill Nat’l Bank, M ilton,.
147 Newton N at’l Bank, Newton, .

12
145
250
250


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

Par Value.

Estimated
Market Value.

Amount Invested.

$1,200
14,500
25,000

$1,800 00
14,500 00
47,250 00

$1,200 00
14,500 00
25,000 00

25,000

25,000 00

26,300
34,200

43,000
2,500
60,000
68,750
26,250
6,760
26,432
11,260
39,976
55,404

2,700
2,400
12,300

2,970 00
5,112 00
18,573 00

2,700 00
2,400 00
12,300 00

11,100
15,000
1,300
7,500
2,500
5,000
6,700
14,700

15,762
27,000
1,300
7,500
4,000
10,000
8,710
13,230

11,100
15,000
1,300
7,500
2,500
5,000
6,700
13,900

-

30,000
25,000
15,000
6,500
22,400
-

00
00
00
00
00
00
00
00
00
00

00
00
00
00
00
00
00
00

-

30,000
25,000
14,800
6,500
22,400

00
00
00
00
00

-

26,300 00
34,200 00

00
00
00
00
00
00
00
00

$306,300 $501,539 00 $305,300 00

118

REPORT OF THE

[Pub. Doc

C h a rlesto w n F iv e C en ts S a v in g s B a n k — Continued.
D e ta ile d S ta te m e n t o f S tr e e t R a i lw a y B o n d s.

Par Value.

W est End Street Railway Co. 4s,

.

$75,000

Estimated
Market Value.

Amount Invested.

$78,300 00

$75,000 00

D e ta ile d S ta te m e n t o f R a ilr o a d B o n d s.

Par Value.

Boston, Clinton, Fitchburg & New
Bedford R.R. 5s...............................
Boston & Lowell R.R. 4s,
Boston & Maine R R. 4£s,
Burlington & Missouri River R.R. 6s,
Cleveland & Pittsburgh R.R. 4¿s, .
Concord & Claremont R.R. 4¿s,
Concord & Montreal R.R. 4s, .
Fitchburg R.R. 4s, .
Fitchburg R.R. 5s, .
Maine Central R.R. 4s,
New York, New Haven & H artford
R.R. 4 s , ....................................
New England R R. 4s,
Pennsylvania R.R. 4s,

$26,000
12,000
125,000
39,200
59,000
25,000
50,000
100,000
150,000
40,000
25,000
25,000
17,000

Estimated
Market Value.

$27,105
12,030
145,625
44,100
68,440
26,250
52,000
102,273
153,750
40,500

Amount Invested.

00
00
00
00
00
00
00
75
00
00

26,375 00
26,750 00
17,765 00

$26,000
11,700
125,000
39,200
59,000
25,000
50,000
96,000
150,000
40,000

00
00
00
00
00
00
00
00
00
00

25,000 00
25,000 00
17,000 00

$693,200 $742,963 75 $688,900 00

B o sto n T e r m in a l C o m p a n y B o n d s.

Par Value.

Boston Term inal Company 3¿s,

Estimated
Market Value.

Amount Invested.

$110,000 $122,100 00 $110,000 00

T o ta l A m o u n t o f L o a n s , w ith E a c h S p e c ifie d R a te o f In te r e s t.

Amount.

$105,818
101,134
54,000
100,000
257,000

Rate.

63
63
00
00
00

2 per cent.
3
3£
»
3|
“
3|
»


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

Amount.

$80,000
1,668,600
20,000
587,700
138,000

Rate.

00
00
00
00
00

3 | per cent.
4
“
41
“
44
“
4&

Amount.

$971,750
60,050
1,654,165
144,130
52,945

Rate.

00
00
00
00
00

4¿ per cent.
4|
5
6è
“
6
“

No. 8.]

SAYINGS BANK COMMISSIONERS.

119

C h arlesto w n F iv e C ents S a v in g s B a n k — Concluded.
Amount invested in real estate for banking purposes,............................ $70,000
00
Estimated value of the s a m e , ............................................................
70,000
00
Assessed value of the s a m e ,.....................................................................
68,000
00
Net income received from same during year ending Oct. 31, 1905, .
.
2,179 27
Value, by books*-of other real estate held or owned by foreclosure or
o th e r w is e ,...............................................................................................
54,031
00
Assessed value of the s a m e ,.....................................................................
61,400
00
Net income received from same during the year ending Oct. 31,1905,
.
1,220 81
Number of loans which are of an amount not exceeding $3,000 each, 639
Aggregate amount of the s a m e , ......................................................................
977,050 00
Total number of loans upon real e s t a t e , ............................................ 916
Amount of investments from which no income is received,
.
.
.
3,784 00
Gross amount of interest or profits received, as per books, during year
ending Oct. 31, 1 9 0 5 ,.......................................................................................
347,730 49
Times when dividends are payable, as fixed by the by-laws : third Wednes­
day of April and October. Deposits commence to draw interest : third
Wednesday of January, April, July and October.
Rate and amount of each semi-annual dividend f 2 per cent., $133,148 24 I 270 520 19
during the year ending Oct. 31, 1905,
.
I 2 per cent.,
137,371 95 1
Number of accounts opened during the year ending Oct. 31, 1905,
2,094
Number of accounts closed during the year ending Oct. 31, 1905,
1,593
Total number of open accounts Oct. 31, 1905...................................
19,272
Total expenses of the corporation for the year ending Oct. 31, 1905 (ex­
clusive of taxes),
........................................................................................
17,827 37
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 5 ,....................................................................................... 1,088,083 77
Number of same....................................................................................15,953
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 9 0 5 , ................................................................................................
911,748 13
Number of s a m e , ...............................................................................12,879
Date of examination by commissioner : March 6.


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Federal Reserve Bank of St. Louis

120

REPORT OF THE

[Pub. Doc

C H E L S E A S A V IN G S B A N K — C H E L S E A .
Incorporated A pril 29, 1854.
W il l ia m R o b in so n , President.
A l b e r t A . F ic k e t t , Treasurer.
A l b e r t A . F ic k e tt , Clerk o f the Corporation.

Names of committee charged with the investment of its funds :
A l b e r t A . F ic ke tt ,
G eorge E. M o r r il l ,
B e n ja m in F. D o d g e ,
A bra m T. Co l l ie r ,
C h a r l e s G. R o be r ts .

Open for business every business day, 8 a . m . to 1 p .m . ; also Saturdays, 4 to 8 p . m .
B a la n c e S h e e t O c t . 31, 1905.

A ssets.

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

L ia b il it ie s .

$509,820
1,550
45.000
20,650
589,787

00
00
00
00
50

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

$4,812,961 35
240,700 00
28,885 21
168,873 61

50.000 00
36,985
37,764
2,346,785
1,449,665

68
83
00
83

67,330
650
85,039
5,669
4,722

00
00
42
72
19

$5,251,420 17

$5,251,420 17

Cash on Deposit in Banks, amount in each : —
National Shawmut Bank, B o s t o n , ............................................................. $26,232 23
First National Bank, C h e l s e a , ......................................................................
29,609 61
Winnisimmet National Bank, Chelsea.............................................................
29,197 58
Loans on Public Funds, amount on each:—
$1,050 United States 4 s , ...............................................................................$1,050 00
500 United States 4 s , ...............................................................................
500 00
Loans on Bank Stock, amount on each: —
4 shares Fourth National Bank, B o s t o n , ............................................
151 shares National Shawmut Bank, B o s t o n , ............................................
6 shares National Shawmut Bank, B o s t o n , ............................................
24 shares First National Bank, Bangor, M e . , ............................................
25 shares First National Bank, C h e lse a ,.....................................................
20 shares Winnisimmet National Bank, Chelsea..........................................


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

$300
15,000
200
1,650
2,000
1,500

00
00
00
00
00
00

No. 8.]

SAVINGS BANK COMMISSIONERS.

121

C h elsea S a v in g s B an k — Continued.
D e ta ile d S ta te m e n t o f P u b lic F u n d s .

Par Value.

City of Akron, Ohio, 4<Js,
of Augusta, Me., 4s,
of Barre, Vt., 3^s,
of Boston, Mass., 3£s,
of Boston, Mass., 4s,
of Canton, Mass., 4s,
of Chelsea, Mass., 4s,
of Dayton, Ohio, 4 s,.
of Everett, Mass., 4s,
of Fort Wayne, Ind., 4£s,
of Gardner, Mass., 4s,
of Gardiner, Me., 4s,
of Grand Rapids, Mich., 4s,
of Keene, N. H., 4s, .
of Lawrence, Mass., 4s, .
of Lewiston, Me., 4s,
of Lowell, Mass., 4s,
of McKeesport, Pa., 4s, .
of Newton, Mass., 4s,
of Saginaw, Mich., 4s,
of Taunton, Mass., 4s,
of W altham, Mass., 4s, .
of Youngstown, Ohio, 5s,
Town of Mansfield, Mass., 4s, .
of Marblehead, Mass., 4s,
of Norwalk, Conn., 4s, .
of Wakefield, Mass., 4s,

Estimated
Market Value.

$9,000
25,000
6,000
20,000
50,000
8,000
20,000
10,000
10,000
20,000
10,000
6,000
8,000
20,000
25,000
30,000
8,000
15,000
75,000
25,000
25,000
12,000
14,000
2,000
2,000
31,000
24,000

$9,445
27,000
6,000
20,000
52,000
8,155
20,000
10,225
10,900
21,200
10,892
6,030
8,120
20,150
26,625
31,900
8,480
16,065
79,000
25,075
26,500
12,840
15,225
2,180
2,000
31,000
25,980

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

Amount Invested.

$9,000
25,000
5,820
20,000
50,000
8,000
20,000
10,000
10,000
20,000
10,000
6,000
8,000
20,000
25,000
30,000
8,000
15,000
75,000
25,000
25,000
12,000
14,000
2,000
2,000
31,000
24,000

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

$510,000 $532,987 50 $509,820 00
*

A legal investment when made.

No. of
Shares.

D e ta ile d S ta te m e n t o f B a n k S to ck s.

31
200
52
20

87
30
15
15

Par Value.

First National Bank, Boston, .
Merchants N at’l Bank, Boston,
N ’l B’k of Commerce, Boston,
N at’l Exchange Bank, Boston,
State National Bank, Boston, .
F irst National Bank, Chelsea,
W innisimmet N ’l B’k, Chelsea,
Union National Bank, Lowell,


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

$3,100
20,000
5,200
2,000
8,700
3,000
1,500
1,500
$45,000

Estimated
Market Value.

$8,525
40,400
7,904
3,000
13,137
3,000
1,725
2,400

00
00
00
00
00
00
00
00

$80,091 00

Amount Invested.

$3,100
' 20,000
5,200
2,000
8,700
3,000
1,500
1,500

00
00
00
00
00
00
00
00

$45,000 00

[Pub. Doc

REPORT OF THE

122

C h elsea S a v in g s B a n k — Continued.
D e ta ile d S ta te m e n t o f S tr e e t R a i l w a y B o n d s.

Par Value.

W est End Street Railway Co. 4s,

$50,000

Estimated
Market Value.

Amount Invested.

$52,750 00

$50,000 00

D e ta ile d S ta te m e n t o f R a ilr o a d B o n d s.

Par Value.

Beech Creek R.R. 4s,
Boston & Albany R.R. 34s,
Boston & Lowell R.R. 4s,
Boston & Maine R.R. 44s,
Boston & Providence R.R. 4s, .
Burlington & Missouri River R.R. 6s,
Chic., Burlington & Quincy R R. 34s,
Chic., Burlington & Quincy R.R. 4s,
Cleveland & Pittsburgh R.R. 34s, .
Connecticut River R.R. 34s,
Fitchburg R.R. 4s, .
Hannibal & St. Joseph R.R. 6s,
Illinois Central R.R. 3s, .
Illinois Central R.R. 34s,.
Illinois Central R.R. 4s, .
Michigan Central R.R. 4s,
Michigan Central R.R. 5s,
New York Central & Hudson
River R.R. 34s, . . . .
New York & New England R.R. 4s,
New York, New Haven & H artford
R.R. 34s,
....................................
New York, New Haven & H artford
R.R. 4 s ,.............................................
Norwich & W orcester R.R. 4s,
Old Colony R.R. 4s, .
Sioux City & Pacific R.R. 34s,.

$15,000
25,000
25,000
20,000
45,000
15,000
10,000
15,000
25,000
10,000
15,000
25,000
45,000
25,000
5,000
10,000
31,000

Estimated
Market Value.

$15,825
25,000
26,500
23,400
46,800
16,875
9,500
15,450
24,750
9,900
15,740
27,625
38,025
23,500
5,250
10,600
37,200

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

Amount Invested.

$15,000
25,000
25,000
20,000
45,000
15,000
9,675
15,000
25,000
10,000
15,000
25,000
40,362
25,000
5,000
10,000
31,000

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

25,000
25,000

24,625 00
29,000 00

23,750 00
25,000 00

25,000

24,000 00

25,000 00

65,000
20,000
50,000
25,000

68,775
21,100
52,975
24,000

65,000
20,000
50,000
25,000

00
00
00
00

00
00
00
00

$596,000 $616,415 00 $589,787 50

T o ta l A m o u n t o f L o a n s , w ith E a c h S p e c ifie d R a te o f In te r e s t.

Rate.

Amount.

$26,232
58,807
93,980
903,860

23
19
00
83

2 per cent.
2é
“
3|
“
4
“


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

Amount.

$333,000
35.000
238,500
10.000

Rate.

00 41 per cent.
00 48
“
00 44
»
00 4 |
“

Amount.

Rate.

$1,762,280 00 5 per cent.
191,030 00 54 “
318,980 00 6

No. 8.]

SAYINGS BANK COMMISSIONERS.

123

C h elsea S avin gs B a n k — Concluded.
$36,985 68
Amount invested in real estate for banking purposes,...................................
44,000 00
Estimated value of the s a m e , ......................................................................
32,950 00
Assessed value of the s a m e ,...............................................................................
67
Net income received from same during year ending Oct. 31,1905,
Value, by books, of other real estate held or owned by foreclosure or
37,764 83
o th e r w is e ,.........................................................................................................
87,900 00
Assessed value of the s a m e ,...............................................................................
Number of loans which are of an amount not exceeding $3,000 each, 1,013
Aggregate amount of the s a m e , ...................................................................... 1,398,490 00
Total number of loans upon real e s t a t e , ................................... 1,179
Gross amount of interest or profits received, as per books, during year
229,408 49
ending Oct. 31, 1 9 0 5 ,.......................................................................................
Times when dividends are payable, as fixed by the by-laws: fifteenth day
of April and October. Deposits commence to draw interest: fifteenth
day of January, April, July and October.
Rate and amount of each semi-annual dividend 1 2 per cent., $86,414 69
175,521 00
during the year ending Oct. 31, 1905,
.
( 2 per cent.,
89,106 31
Number of accounts opened during the year ending Oct. 31,1905,
2,641
Number of accounts closed during the year ending Oct. 31, 1905,
2,290
Total number of open accounts Oct. 31, 1905,
. . . .
17,690
Total expenses of the corporation for the year ending Oct. 31, 1905 (ex­
11,541 28
clusive of taxes),
.......................................................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 5 ,....................................................................................... 1,038,644 70
Number of s a m e , ...............................................................................
26,028
Amount of withdrawals, including dividends, during the year ending
926,371 30
Oct 31, 1905.........................................................................................................
Number of s a m e , ...............................................................................16,393
Date of examination by commissioner: March 13.


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Federal Reserve Bank of St. Louis

124

REPORT OF THE

[Pub. Doc.

C H IC O P E E S A V IN G S B A N K — C H IC O P E E .
Incorporated Feb. 27, 1845.
J ohn B. W ood , President.
R u ssel l L. S cott, Treasurer.
L u t h e r W h it e , Clerk o f the Corporation.

Names of committee charged with the investment of its funds :
J o hn B. W ood ,
C. J. D r isc o l l ,
J am e s L. P e a s e ,
N el so n B. Ca r t e r .
Open for business every business day, 9

a .m .

to 3

p .m .

B a l a n c e S h e e t O ct . 31, 1905.

A ssets.

Public funds, as per schedule, .
Bank stock, as per schedule,
Railroad bonds, as per schedule,
Street railway bonds, as per
schedule,...................................
Loan on railroad stock,
Boston Terminal Co. bonds,
Real estate by foreclosure, etc.,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
(notes)........................................
Loans on depositors’ books,
Deposits in banks, on interest, .
Expense account,
Real estate expense account,
Cash on hand, . . . .

L ia b il it ie s .

$89,000 00
11,600 00
368,432 50
38.000
405
75.000
2,678
816,827
192,437

00
00
00
83
29
28

105,100
3,572
42,836
1,458
192
4,297

00
50
84
48
25
79

$1,751,838 76

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

$1,664,668 99
70,100 00
9,161 78
7,907 99

$1,751,838 76

Cash on Deposit in Banks, amount in each : —
Chapin National Bank, S p rin g field ,..............................................................$5,000 00
10,000
Chicopee National Bank, Springfield,.............................................................
City National Bank, S p r i n g f i e l d , .............................................................
8,523
Pynchon National Bank, Springfield (in liquidation),
. . . .
100
Springfield National Bank, S p r in g fie ld ,.....................................................
11,380
Springfield Safe Deposit and Trust Company, Springfield,
.
.
.
7,831
Loan on Railroad Stock : —
8 shares Boston & Albany R.R., .


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

00
66
94
69
55

$405 00

No. 8.]

SAYINGS BANK COMMISSIONERS.

125

C h ico p ee S a v in g s B a n k —Continued.
Detailed Statement o f Public Funds.
Par Value.

City of Altoona, Pa., 4s, .
of Chicopee, Mass., 3ès,
of Chicopee, Mass., 4s.,
of Lynn, Mass., 4s, .
of Portland, Me., 6s,
of Providence, R. L, 4s,
Town of Beverly, Mass., 4s,
of Rockport, Mass., 4s,

.
.
.
.
.

Estimated
Market Value.

$26,000
4,000
23,000
10,000
5,000
10,000
5,000
6,000

$27,727
4,000
24,065
10,550
5,237
10,275
5,125
6,015

$89,000

$92,995 00

50
00
00
00
50
00
00
00

Amount Invested.

$26,000
4,000
23,000
10,000
5,000
10,000
5,000
6,000

00
00
00
00
00
00
00
00

$89,000 00

No. of
Shares.

Detailed Statement o f B ank Stocks.

66
50

Par Value.

Chapin N at’l B’k, Springfield,
City N at’l Bank, Springfield,

Estimated
Market Value.

Amount Invested.

$6,600
5,000

$7,920 00
7,250 00

$6,600 00
5,000 00

$11,600

$15,170 00

$11,600 00

Detailed Statement o f Street Railw ay Bo?ids.
Estimated
Market Value.

Amount Invested.

$30,000
8,000

$31,200 00
8,340 00

$30,000 00
8,000 00

$38,000

$39,540 00

$38,000 00

Par Value.

Springfield Street Railway Co. 4s, .
W est End Street Railway Co. 4s, .

Detailed Statement o f Railroad Bonds.

•
Boston
Boston
Boston
Boston

& Albany R.R. 3^s,
& Maine R.R. 3£s,
& Maine R.R. 4£s,
& Providence R.R. 4s, .


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

Par Value.

$25,000
25,000
5.000
8.000

Estimated
Market Value.

$25,000
24,750
5,875
8,320

00
00
00
00

Amount Invested.

$25,000
24,662
5.000
8.000

00
50
00
00

[Pub. Doc.

REPOET OF THE

126

C h ico p ee S a v in g s B a n k — Continued.
Detailed Statement o f Railroad Bonds — Concluded.
Par Value.

Chic., Burlington & Quincy R.R. 3is,
Connecticut River R R. 3ès,
Erie & Pittsburgh R.R. 3is,
Fitchburg R.R. 3is, . . . .
Fitchburg R.R. 4s, .
Illinois Central R.R. 3s, .
Illinois Central R.R. 3 ès,.
Maine Central R.R. 4s,
Maine Central R.R 5s,
Michigan Central R.R. 3£s,
Michigan Central R.R. 6s,
New York, New Haven & H artford
R .R .S is,
....................................
New York, New Haven & Hartford
R.R. 4 s ,.............................................
Old Colony R.R. 3és,
Old Colony R.R. 4 s ,.
Portland & Rumford Falls R.R. 4 s,.
Sioux City & Pacific R.R, 3 i s ,.
Vermont Valley R.R. 5s, .

$53,000
25,000
10,000
20,000
10,000
5,000
30,000
11,000
3,000
2,000
5,000

Estimated
Market Value.

$50,615
24,750
9,900
19,800
10,500
4,200
28,325
11,220
3,221
1,960
5,387

00
00
00
00
00
00
00
00
25
00
50

Amount Invested.

$52,951
25,000
9,975
20,000
10,000
4,387
29,462
11,000
3,000
1,930
5,000

25
00
00
00
00
50
50
00
00
00
00

40,000

38,475 00

38,670 00

45,000
9,000
18,000
10,000
5,000
8,000

47,475
8,910
19,307
10,600
4,837
8,440

45,000
8,606
18,000
10,000
4,787
8,000

00
00
50
00
50
00

00
25
00
00
50
00

$372,000 $371,868 75 $368,432 50

Boston Terminal Company Bonds.
Par Value.

Boston Term inal Company 3is,

$75,000

Estimated
Market Value.

Amount Invested.

$83,250 00

$75,000 00

Total Am ount o f Loans, with Each Specified Rate o f Interest.
Rate.

Amount.

$42,735 90
46,237 78
95,100 00

3 per cent.
3Ü
«
4
“


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

Amount.

$24,000 00
181,300 00
31,500 00

Rate.

4.1 per cent.
4è
“
4§
“

Amount.

Rate.

$735,204 29 5 per cent.
5,100 94 6
“

No. 8.]

SAVINGS BANK COMMISSIONERS.

127

C h ico p ee S a v in g s B a n k — Concluded.
Value, by books, of real estate held or owned by foreclosure or otherwise,
$2,678 83
Assessed value of the same...................................................................................
2,700 00
Number of loans which are of an amount not exceeding $3,000 each, 462
Aggregate amount of the s a m e , ......................................................................
495,819 15
Total number of loans upon real estate,
.
.
.
. .
. 473
Gross amount of interest or profits received, as per books, during year
ending Oct. 31, 1 9 0 5 ,.......................................................................................
74,654 84
Times when dividends are payable, as fixed by the by-laws : first day of
January and July. Deposits commence to draw interest: first day of
January, April, July and October.
Rate and amount of each semi-annual dividend f 2 per cent., $29,275 23 )
during the year ending Oct. 31, 1905,
.
1 2 per cent.,
30,811 97 J 60,087 20
Number of accounts opened during the year ending Oct. 31,1905,
. 700
Number of accounts closed during the year ending Oct. 31, 1905,
. 436
Total number of open accounts Oct. 31, 1905,
. . . .
3,335
Total expenses of the corporation for the year ending Oct. 31, 1905 (ex­
clusive of taxes),
...............................................................................
3,780 79
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 5 ,.......................................................................................
372,220 65
Number of s a m e , ...............................................................................4 134
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 9 0 5 , ................................................................................................
279,778 42
Number of s a m e , ................................... •
....................................2,457
Date of examination by commissioner: March 2.


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Federal Reserve Bank of St. Louis

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

No. 8.]

129

SAVINGS BANK COMMISSIONERS.
C h ic o p e e F a l l s S a v in g s B a n k — Continued.
Detailed Statement o f Public Funds.

City of Chicopee, Mass., 3£s, .

Par Value.

Estimated
Market Value.

Amount Invested.

$14,000

$14,000 00

$14,000 00

No. of
Shares.

!

Detailed Statement o f B ank Stocks.

16
20
50
13
4
40
25
50
20
20

Par Value.

Franklin Co. National Bank,
Greenfield, . . . .
Hadley Falls N ’l B’k, Holyoke,
Home Nat’l Bank, Holyoke, .
Palmer N at’l Bank, Palmer, .
Agawam N’l B’k, Springfield,
Chapin Nat’l B’k, Springfield,
Chicopee N’l B’k, Springfield,
City N at’l Bank, Springfield, .
F irst Nat’l Bank, S pringfield,.
Springfield Safe Deposit and
T rust Co., Springfield,.

$1,600
2,000
5,000
1,300
120
4,000
2,500
5,000
2,000

Estimated
Market Value.

$1,680
2,760
6,000
1,300
20
4,800
3,750
7,250
2,300

00
00
00
00
00
00
00
00
00

Amount Invested.

$1,600
2,000
5,000
1,300
120
4,000
2,500
5,000
2,000

00
00
00
00
00
00
00
00
00

2,000

3,500 00

2,000 00

$25,520

$33,360 00

$25,520 00

Detailed Statement o f Street Railway Bonds.
Par Value.

Springfield Street Railway Co. 4s, .

$10,000

Estimated
Market Value.

Amount Invested.

$10,300 00

$10,000 00

Detailed Statement o f Railroad Bonds.

Chic., Burlington & Quincy R.R. 3¿s,
Fitchburg R.R. 3¿s..............................
Illinois Central R.R. 3¿s, .


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

Par Value.

Estimated
Market Value.

Amount Invested.

$25,000
10,000
5,000

$23,875 00
9,800 00
4,725 00

$24,818 75
10,000 00
5,000 00

130

REPORT OF THE

[Pub. Doc.

C h icop ee F a lls S a v in g s B a n k — Concluded.
Detailed Statement o f Railroad Bonds — Concluded.
Estimated
Market Value.

Amount Invested.

$20,000

$19,175 00

$19,775 00

25,000

26,025 00

26,000 00

$85,000

$83,600 00

$85,593 75

Par Value.

New York, New Haven & H artford
R.R. 3 i s , ....................................
New York, New Haven & Hartford
R.R, 4s................................................

Boston Terminal Company Bonds.

Boston Terminal Company 34s,

Par Value.

Estimated
Market Value.

Amount Invested.

$10,000

$11,100 00

$11,000 00

Total Am ount o f Loans, with Each Specified Rate o f Interest.
Rate.

Amount.

$10,379 61
30,388 02

2£ per cent.
3
“

Amount.

$20,104 28
133,000 00

Rate.

Amount.

34 per cent.
44
“

$568,505 90
248 09

Rate.

5 per cent.
6

Number of loans which are of an amount not exceeding $3,000 each, 262
Aggregate amount of the s a m e , ...................................................................... $304,353
Total number of loans upon real e s t a t e , ............................................ 257
Amount of investments from which no income is recei ved, . . . .
368
Gross amount of interest or profits received, as per books, during year
ending Oct. 31, 1 9 0 5 ,.......................................................................................
37,755
Times when dividends are payable, as fixed by the by-laws: first day of
January and July. Deposits commence to draw interest: first day of
January, April, July and October.
Rate and amount of each semi-annual dividend f 2 per cent., $14,408 01 ) 29,889
during the year ending Oct. 31, 1905,
.
( 2 per cent.,
15,481 37 f
Number of accounts opened during the year ending Oct. 31, 1905, . 476
Number of accounts closed during the year ending Oct. 31, 1905,
. 328
Total number of open accounts Oct. 31, 1905,
. . . .
2,422
Total expenses of the corporation for the year ending Oct. 31,1905 (ex­
clusive of taxes),
.......................................................................................
2,361
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 5 ,........................................................................................
229,523
Number of s a m e , ...............................................................................3,638
Amount of withdrawals, including dividends, during the year ending
145,375
Oct. 31, 1 9 0 5 , ................................................................................................
Number of s a m e , ...............................................................................1,999
Date of examination by commissioner: March 2.


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

40
09
03

38

18
39

08

No. 8.]

SAYINGS BANK COMMISSIONERS.

131

C IT IZ E N S ’ S A V IN G S B A N K —F A L L R IV E R .

Incorporated October, 1851.
J o hn C. M il n e , President.
E. E. H a t h a w a y , Treasurer.
G eorge H . E d d y , Clerk o f the Corporation.

Names of committee charged with the investment of its funds :
J o h n C. M i l n e ,
H enry H . E arl,
W il l ia m F . T hom as ,
Sam uel W . H ath aw a y,
J am e s M . S w if t .

Open for business every business day, 9 a . m . to 1 p . m .

B a la n c e S h e e t O c t . 31, 1905.

A ssets.

Public funds, as per schedule, .
Bank stock, as per schedule,
Railroad bonds, as per schedule,
Street railway bonds, as per
schedule,...................................
Real estate (for banking pur­
poses),
...................................
Real estate by foreclosure, etc.,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
(notes), .
.
.
.
.
Deposits in banks, on interest, .
Expense account,
Cash on hand, . . . .

L ia b il it ie s .

$125,500 00
230,912 50
996,500 00
61,000 00
100,000
59,453
2,297,229
914,739

00
99
00
00

11,333
84,001
6,438
6,314

20
50
02
67

$4,893,421 88

Deposits, .
Guaranty fund,
Discount, .
Suspense account,

.

$4,390,305
226,862
243,663
32,590

$4,893,421 88

Cash on Deposit in Banks, amount in each : —
Eliot National Bank, Boston..............................................................................$9,162 37
First National Bank, B o s t o n , ......................................................................
21,666
National Bank of the Republic, B o s t o n , .....................................................
8,430
Second National Bank, Boston..........................................................................
8,666
Massasoit-Pocasset National Bank, Fall River,. • ...................................
36,076


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

68
01
31
88

52
15
10
36

[Pub. Doc.

REPORT OF THE

132

C itiz e n s’ S a v in g s B a n k — Continued.
Detailed Statement o f Public Funds.
Estimated
Market Value.

Par Value.

City of
of
of
of
of
of

$500
25.000
23.000
50.000
16.500
10.500

Bay City, Mich., 8s,
Chicago, 111., 4s, .
Indianapolis, Ind., 4s, .
Kansas City, Mo., 4£s,.
Milwaukee, Wis., 5s, .
W aterbury, Conn., 4 s ,.

$565
25,875
24,265
53,625
17,077
10,920

00
00
00
00
50
00

Amount Invested.

$500
25.000
23.000
50.000
16.500
10.500

00
00
00
00
00
00

$125,500 $132,327 50 $125,500 00

No. of
Shares.

Detailed Statement o f B ank Stocks.
Par Value.

6 Commonwealth T rust Co., Bos­
ton,
....................................
6 Continental N’l Bank, Boston,
93 Eliot National Bank, Boston, .
89 First National Bank, Boston, .
50 Merchants Nat’l Bank, Boston,
77 N’l Bank of Commerce, Boston,
25 N ’l B’k of the Republic, Boston,
188 Nat’l Shawmut Bank, Boston,
50 Second National B’k, Boston,
114 State National Bank, Boston, .
102 Washington N’l B’k, Boston,
184 Fall River N ’l B’k, Fall River,
1070 Massasoit-Pocasset National
Bank, Fall R iver,.
337 Metacomet N’l B’k, Fall River,
161 N at’l Union Bank, Fall River,
800 Pocasset N ’l Bank, Fall River,
40 Union National Bank, Lowell,

$600
-

9,300
8,900
5,000
7,700
2,500
18,800
5,000
11,400
-

18,400
107,000
33,700
-

-

4,000

Estimated
Market Value.

$1,044
30
18,600
24,475
10,100
11,704
4,050
48,880
10,650
17,214
102
23,920

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

176,550
45,495
1,127
1,600
6,400

00
00
00
00
00

Amount Invested.

$600 00
-

9,300
8,900
5,000
7,700
2,500
18,800
5,000
11,400

00
00
00
00
00
00
00
00
-

17,012 50
107,000 00
33,700 00
-

-

4,000 00

$232,300 $401,941 00 $230,912 50
Detailed Statement o f Street Railway Bonds.
Estimated
Market Value.

Amount Invested.

$20,000
41,000

$22,200 00
43,460 00

$20,000 00*
41,000 00

$61,000

$65,660 00

$61,000 00

Par Value.

Lynn & Boston Railroad Co. 5s,
West End Street Railway Co. 4s,


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Federal Reserve Bank of St. Louis

.

* A legal investment when made.

No. 8.]

SAYINGS BANK COMMISSIONERS.

133

C itiz e n s’ S a v in g s B an k — Continued.
Detailed Statement o f Railroad Bonds.

Bangor & Aroostook R.R. 5s, .
Boston & Maine R.R. 4¿s,
Boston, Revere Beach & Lynn R.R.
4 ¿ s , .............................................
Chic., Burlington & Quincy R.R. 5s,
Cleveland & Pittsburgh R.R. 4¿s, .
Concord & Montreal R.R. 4s, .
Fitchburg R.R. 5s, .
Freemont, Elkhorn & Missouri
Valley R.R. 6s,
. . .
Hannibal & St. Joseph R.R. 6s,
Housatonic R.R. 5s, .
Illinois Central R.R. 3¿s, .
Illinois Central R.R. 4s, .
Kansas City, St. Joseph & Council
Bluffs R.R. 7s,
."
.
.
.
Mahoning Coal R.R. 5s, .
Maine Central R.R, 4¿s, .
Maine Central R.R. 5s,
Maine Central R.R. 7s,
Michigan Central R.R. 5s,
Milwaukee, Lake Shore & Western
R.R. 5 s ,.............................................
Milwaukee, Lake Shore & W estern
R.R. 6s, .
.
.
.
.
.
New England R.R. 5s,
New York, Lackawanna & Western
R.R. 6 s ,.............................................
New York, New Haven & Hartford
R.R. 4s, .............................................
Northwestern Union Ry. 7s, .
Old Colony R.R. 4s, .
Portsmouth, Great Falls & Conway
R.R. 4 è s , ....................................
St. Johnsbury & Lake Champlain
R.R. 5 s ,.............................................
Tro}' & Boston R.R. 7s, .
Woi’cester, Nashua & Roch. R.R. 4s,

Par Value.

Estimated
Market Value.

Amount Invested.

$50,000
31,000

$61,000 00
36,580 00

$50,000 00
31,000 00

6,000
41,000
119,000
20,000
1,000

6,720
41,820
139,230
20,800
1,030

00
00
00
00
00

6,000
41,000
119,000
20,000
1,000

00
00
00
00
00

30,000
35,000
14,000
25,000
101,000

42,000
38,850
17,360
23,750
107,690

00
00
00
00
00

30,000
35,000
14,000
25,000
101,000

00
00
00
00
00

10,000
40,000
29,000
3,000
36,000
2,000

10,375
49,200
30,377
3,225
42,660
2,420

00
00
50
00
00
00

10,000
40,000
29,000
3,000
36,000
2,000

00
00
00
00
00
00

101,000

121,200 00

101,000 00

36,000
20,000

45,720 00
25,200 00

36,000 00
20,000 00

59,000

74,930 00

59,000 00

26,000
2,500
25,000

27,820 00
3,275 00
26,250 00

26,000 00
2,500 00
25,000 00

3,000

3,465 00

3,000 00

101,000
5,000
25,000

125,240 00
7,050 00
25,500 00

101,000 00
5,000 00
25,000 00

$996,500 $1,160,737 50 $996,500 00

Total Am ount o f Loans, with Each Specified Rate o f Interest.
Amount.

$84,001 50
225,333 20

Rate.

Amount.

Rate.

Amount.

Rate.

2 per cent.
4
“

$912,510 00
1,413,050 00

4¿ per cent.
5

$545,923 00
126,485 00

5i per cent.
6


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Federal Reserve Bank of St. Louis

134

REPORT OF THE

[Pub. Doc

C itize n s’ S a v in g s B a n k — Concluded.
Amount invested in real estate for banking purposes,................................... $ 100,000
Estimated value of the s a m e , ......................................................................
100,000
Assessed value of the s a m e ,...............................................................................
92,000
Value, by books, of other real estate held or owned by foreclosure or
o th e r w ise ,.........................................................................................................
59,453
Assessed value of the same...................................................................................
46,300
Number of loans which are of an amount not exceeding $3,000 each, 340
Aggregate amount of the s a m e , ......................................................................
484,498
Total number of loans upon real e s t a t e , ............................................513
Gross amount of interest or profits received, as per books, during year
ending Oct. 31, 1 9 0 5 ,.......................................................................................
229,609
Times when dividends are payable, as fixed by the by-laws: second Mon­
day of June and December. Deposits commence to draw interest: first
Monday of March, June, September and December.
Rate and amount of eachsemi-annual dividend f 2 per cent., $84,132 53 1 167,679
during the year endingOct. 31, 1905,
.
1 2 per cent., 83,547 05 )
Number of accounts opened during the year ending Oct. 31, 1905,
1,330
Number of accounts closed during the year ending Oct. 31, 1905,
1,210
Total number of open accounts Oct. 31, 1905,
. . . .
7,084
Total expenses of the corporation for the year ending Oct. 31, 1905 (ex­
clusive of taxes),
......................................................................
15,585
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 5 ,.......................................................................................
593,104
Number of s a m e , ........................................................................................5,456
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 9 0 5 , ................................................................................................
684,863
Number of s a m e , ........................................................................................6,679
Date of examination by commissioner: September 12.


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

00
00

00
99
00
00

33

58

67
22

48

No. 8.]

SAYINGS BANK COMMISSIONERS.

135

C IT Y S A V IN G S B A N K — P IT T S F IE L D .
Incorporated April 13, 1893.
F h ancis W. R oc k w el l , President.
H ir am B. W e l l in g t o n , Treasurer.
J. F r e d K a h l , Clerk o f the Corporation.

Names of committee charged with the investment of its funds:
H ir am B. W e l l in g t o n ,
W il l ia m M. M e r c e r ,
H e n r y R. P e ir so n ,
J acob G im l ic h ,
A r t h u r A . M il l s .

Open for business every business day except Saturdays, 9 a . m . to 3 p .m . ; Saturdays,
9 a . m . to 6 P.M.
B a l a n c e S h e e t O ct . 31, 1905.

L ia b il it ie s .

A ssets.

Public funds, as per schedule, .
Bank stock, as per schedule,
Loan on bank stock, .
Railroad bonds, as per schedule,
Street railway bonds, as per
schedule,...................................
Loans on railroad stock, .
Boston Terminal Co. bonds,
Real estate by foreclosure, etc.,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
( n o t e s ) , ...................................
Loans on depositors’ books,
Deposits in banks, on interest, .
Deposits in banks, not on interest,
Expense account,
Cash on hand, . . . .

$16,000
7,678
300
149,373

00
00
00
75

19,900
175
50,000
1,227
646,808
36,215

00
00
00
83
94
00

19,500
624
867
4,653
1,147
1,432

00
00
67
71
79
13

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

$955,903 82

$935,163 63
14,400 00
5,025 64
19 36
1,295 19

$955,903 82

Cash on Deposit in Banks, amount in each : —
Agricultural National Bank, P i t t s f i e l d , .....................................................
Pittsfield National Bank, P it t s f ie ld ,.............................................................
Third National Bank, Pittsfield,......................................................................
Berkshire Loan and Trust Company, Pittsfield,............................................

$427
1,997
1,728
1,367

Loan on Bank Stock : —
3 shares Pittsfield National Bank, P i t t s f i e l d , ............................................

$300 00

Loan on Railroad Stock: —
1 share Boston & Albany R . R . , ......................................................................

$175 00


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Federal Reserve Bank of St. Louis

83
19
69
67

136

REPORT OF THE

[Pub. Doc.

C ity S a v in g s B an k — Continued.
Detailed Statement o f Publie Funds.

City of Pittsfield, Mass., 3¿s, .
Town of Stoughton, Mass., 4s,

Par Value.

Estimated
Market Value.

Amount Invested.

$10,000
6,000

$10,025 00
6,360 00

$10,000 00
6,000 00

$16,000

$16,385 00

$16,000 00

No. of
Shares.

Detailed Statement o f B ank Stocks.

10
5
10
19
10

Estimated
Market Value.

Amount Invested.

$500
1,000
1,900

$50
1,275
2,200
2,185

$75
1,300
2,450
2,318

1,000

1,600 00

1,535 00

$4,400

$7,310 00

$7,678 00

Par Value.

Berkshire N ’l B’k, No. Adams,
A gricultural N ’l B’k, Pittsfield,
Third N at’l Bank, Pittsfield, .
First Nat’l Bank, Springfield,.
Housatonic N at’l Bank, Stockbridge.......................................

00
00
00
00

00
00
00
00

Detailed Statement o f Street Railway Bonds.
Par Value.

Hoosac Valley Street Railway Co. 4s,
W est End Street Railway Co. 4s,

Estimated
Market Value.

Amount Invested.

$10,000
10,000

$10,150 00
10,325 00

$9,900 00
10,000 00

$20,000

$20,475 00

$19,900 00

Detailed Statement o f Railroad Bonds.
Par Value.

Albany & Susquehanna R.R, 6s,
Boston & Maine R.R. 3¿s,
Boston, Revere Beach & Lynn R.R.
4 ¿ s , .............................................
Chic., Burlington & Quincy R.R. 3¿s,


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

Estimated
Market Value.

Amount Invested.

$6,000
5,000

$6,090 00
4,950 00

$6,000 00
4,831 25

5,000
30,000

5,600 00
28,800 00

5,000 00
29,391 25

No. 8.]

137

SAYINGS BANK COMMISSIONERS.
C ity S avin gs B a n k — Continued.
Detailed Statement o f Railroad Bonds— Concluded.
Par Value.

Concord & Montreal R.R. 4s, .
D exter & N ewport R.R. 4s,
Erie & Pittsburgh R.R. 3£s,
Illinois Central R.R. 3s, .
Illinois Central R.R. 3¿s, .
Michigan Central R.R. 3¿s,
New York, New Haven & Hartford
R.R. 3¿s.............................................
New York, New Haven & Hartford
R.R. 4 s ,.............................................
Penobscot Shore Line R.R. 4 s ,.
Peoria & Northwestern R.R. 3¿s, .
Princetown & Northwestern R.R. 3£s,
Sioux City & Pacific R.R. 3 ¿s,.

$4,000
5,000
5,000
5,000
35,000
5,000

Estimated
Market Value.

$4,190
5,175
4,950
4,250
33,262
4,925

00
00
00
00
00
00

Amount Invested.

$4,000
5,000
4,970
4,400
34,118
4,887

00
00
00
00
75
50

10,000

9,700 00

9,500 00

5,000
3,000
10,000
10,000
10,000

5,100
3,120
9,750
9,750
9,750

5,000
3,000
9,750
9,825
9,700

00
00
00
00
00

00
00
00
00
00

$153,000 $149,362 00 $149,373 75

Boston Terminal Company Bonds.
Par Value.

Boston Terminal Company 3£s,

$50,000

Estimated
Market Value.

Amount Invested.

$55,500 00

$50,000 00

Total Amount of Loans, with Each Specified Rate o f Interest.
Amount.

$867 67
19,000 00
500 00

Rate.

2 per cent.
3f
4
“

Amount.

$50,000 00
103,000 00

Rate.

Amount.

44 per cent.
44
“

$509,710 35
21,412 59

Rate.

5 per cent.
6

Value, by books, of real estate, held or owned by foreclosure or otherwise,
SI,227 83
Assessed value of the s a m e ,...............................................................................i,500 00
Net income received from same during the year ending Oct. 31, 1905,
.
291 13
Number of loans which are of an amount not exceeding $3,000 each, 199
Aggregate amount of the s a m e , ......................................................................
251,233 38
Total number of loans upon real e s t a t e , ............................................217
Gross amount of interest or profits received, as per books, during year
ending Oct. 31, 1 9 0 5 ,.......................................................................................
37,929 53
Times when dividends are payable, as fixed by the by-laws: tenth day
of January and July. Deposits commence to draw interest: tenth day
of January, April, July and October.


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

138

REPORT OF THE

[Pub. Doc.

C ity S a v in g s B a n k — Concluded.
Rate and amount of each semi-annual dividi
during the year ending Oct. 31, 1905,
Number of accounts opened during the year ending Oct. 31, 1905, . 802
Number of accounts closed during the year ending Oct. 31, 1905,
. 489
Total number of open accounts Oct. 31, 1905,
. . . .
2,708
Total expenses of the corporation for the year ending Oct. 31, 1905 (ex­
clusive of taxes),
.......................................................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 5 ,........................................................................................
Number of same....................................................................................4,414
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1905.........................................................................................................
Number of s a m e , ...............................................................................2,225
Date of examination by commissioner : May 16.


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Federal Reserve Bank of St. Louis

3,929 07
290,891 52

186,383 69

No. 8.]

139

SAYINGS BANK COMMISSIONERS

C IT Y F IV E C E N T S S A V IN G S B A N K - H A V E R H I L L .
Incorporated March 31, 1870.
S a m u e l W . H o pk in so n , President.
G eorge W . N o yes , Treasurer.
G eorge W . N oyes , Clerk o f the Corporation.

Names of committee charged with the investment of its funds :
S a m u e l W. H o pk in so n ,
G eorge N ic h o l s , 2d,
J o hn E. G a l e ,
P h i l i p C. S w e t t ,
S. P. Ga r d n e r .
Open for business every business day except Saturdays, 9 a . m . to 2 p
9 a . m . to 12.30 P . M .

; Saturdays,

.m .

B a l a n c e S h e e t O c t . 31, 1905.

A ssets.

Public funds, as per schedule, .
Bank stock, as per schedule,
Loans on bank stock,
Railroad bonds, as per schedule,
Street railway bonds (as per
schedule),
. . . .
Loan on railroad stock,
Boston Terminal Co. bonds,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
( n o t e s ) , ...................................
Loans on depositors’ books,
Deposits in banks, on interest, .
Expense account,
Premium account,
Cash on hand................................

L ia b il it ie s .

$273,500
28,825
5,100
458,690

00
00
00
00

70,000
600
150,000
602,900
621,987

00
00
00
00
50

27,600
300
74,415
3,164
8,057
2,233

00
00
61
75
80
14

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

$2,327,373 80

$2,151,236 91
106,500 00
38,819 83
30,817 06

$2,327,373 80

Cash on Deposit in Banks, amount in each: —
First National Bank, Haverhill.........................................................................$44,415 61
Haverhill National Bank, H averh ill,.............................................................
15,000 00
Haverhill Trust Company, H a v e r h i l l , .....................................................
15,000 00
Loans on Bank Stock, amount on each : —
5 shares Haverhill Trust Company, Haverhill,............................................
8 shares First National Bank, H averhill,....................................................
10 shares First National Bank, H averhill,.....................................................^
18 shares Pacific National Bank, L a w r e n c e , ............................................ I
12 shares National Bank of Methuen, Methuen,
.
. . . .J
8 shares First National Bank, H averhill,............................................ ........
Loan on Railroad Stock : —
6 shares Boston & Maine R .R .,......................................................................


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

$500 00
800 00
3,000 00
800 00

$600 00

[Pub. I)oc.

REPORT OF THE

140

C ity F iv e C en ts S a v in g s B a n k — Continued.
Detailed Statement o f Public Funds.
Par Value.

Massachusetts 3<£s, . . . .
City of Boston, Mass., 3£s,
of Brockton, M ass, 4s,
of Chicago, 111 ., 4s, .
of Haverhill, Mass., 4s, .
of Indianapolis, Ind., 4s, .
of Kansas City, Mo., 4s, .
of Kansas City, Mo., 4£s,.
of Medford, Mass., 4s,
of Newton, Mass., 4s,
of Portsmouth, N II., 4 s,.
of W aterbury, Conn., 4s, .
of W orcester, Mass., 3£s, .
Town of Bradford, Mass., 4s, .
of Plaistow, N. H., 4s, .

$50,000
50,000
7,000
20,000
42,000
10,000
15,000
10,000
9,000
25,000
10,000
2,000
15,000
6,000
2,500

Estimated
Market Value.

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

$52,125
50,500
7,035
20,400
43,545
10,600
15,900
10,700
9,480
27,550
10,400
2,040
15,150
6,060
2,525

Amount Invested.

$50,000
50,000
7,000
20,000
42,000
10,000
15,000
10,000
9,000
25,000
10,000
2,000
15,000
6,000
2,500

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

$273,500 $284,010 00 $273,500 00

No. of
Shares.

Detailed Statement o f Bank Stocks.

25
9
15
132
45
22
50

Par Value.

Merchants N at’l Bank, Boston,
N’l B’k of Commerce, Boston,
Tremont Nat’l Bank, Boston, .
F irst National Bank, Haverhill,
Haverhill N ’l Bank, Haverhill,
Merrimac N ’l Bank, Haverhill,
H averhill T rust Co., Haverhill,

Estimated
Market Value.

$2,500
900
525
13,200
4,500
2,200
5,000

$5,050 00
1,368 00

$28,825

$41,878 00

-

18,480
7,650
3,080
6,250

00
00
00
00

Amount Invested.

$2,500
900
525
13,200
4,500
2,200
5,000

00
00
00
00
00
00
00

$28,825 00

Detailed Statement o f Street R ailw ay Bonds.
Estimated
Market Value.

Amount Invested.

$25,000
45,000

$25,750 00
47,587 00

$25,000 00
45,000 00

$70,000

$73,337 00

$70,000 00

Par Value.

Springfield Street Railway Co. 4s, .
W est End Street Railway Co. 4s, .


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Federal Reserve Bank of St. Louis

No. 8.]

SAYINGS BANK COMMISSIONERS.

141

C ity F iv e C ents S a v in g s B an k — Continued.
Detailed Statement o f Railroad Bonds.
Par Value.

Bennington & Rutland R.R. 4¿s,
Boston & Maine R.R. 4s, .
Boston & Maine R.R. 4¿s,
Chic., Burlington & Quincy R.R. 3¿s,
Cleveland & Pittsburgh R.R. 3¿s, .
Concord & Montreal R.R. 4s, .
Fitchburg R.R. 4s, .
Fitchburg R.R. ôs, .
Illinois Central R.R. 3ès, .
Maine Central R.R, 4s,
Maine Central R.R. 7s,
Minnesota & Iowa R.R. 3ès, .
New York Central & Hudson River
R.R 3 « S s , ....................................
New York, New Haven & Hartford
R.R. 4s, ..............................................
Old Colony R.R. 4s.............................
Pittsburgh, V irginia & Charleston
R.R. 4 s , .............................................
Sioux City & Pacific R.R. 3£s,.
St. Johnsbury & Lake Champlain
R.R. 5 s ,.............................................
Upper Coos R.R. 4 s ,.
W orcester, Nashua & Roch. R.R. 4s,

$10,000
55,000
10,000
25,000
25,000
25,000
5,000
22,000
60,000
15,000
10,000
5,000

Estimated
Market Value.

$10,600
58,975
11,800
23,875
24,750
26,000
5,012
22,660
56,650
15,300
11,850
4,850

Amoun Unvested.

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

$10,000
55,000
10,000
23,725
25,000
25,000
5,000
22,000
60,000
15,000
10,000
4,827

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

50,000

49,250 00

48,750 00

45,000
40,000

46,650 00
42,500 00

45,000 00
40,000 00

5,000
20,000

5,400 00
19,400 00

5,000 00
19,387 50

10,000
15,000
10,000

12,400 00
15,375 00
10,200 00

10,000 00
15,000 00
10,000 00

$462,000

$473,497 00 $458,690 00

Boston Terminal Company Bonds.
Par Value.

Boston Term inal Company 3ès,

Estimated
Market Value.

Amount Invested.

$150,000 $166,500 00 $150,000 00

Total Amount o f Loans, with Each Specified Rate o f Interest.
Amount.

$44,415
15.000
15.000
46,100

Rate.

61
00
00
00

per cent.
3
3i
3*


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

“
“

Amount.

$50,000
54.000
262,787
75.000

Rate.

00
00
50
00

3 | per cent.
3|
“
4
“
H
“

Amount.

$184,525
553,450
8,800
23,825

Rate.

00
00
00
00

4^ per cent.
5
“
“
6
“

REPORT OF THE

142

[Pub. Doc.

C ity F iv e C ents S a v in g s B a n k — Concluded.
Number of loans which are of an amount not exceeding $3,000 each, 258
Aggregate amount of the same............................................................................ $340,125 00
Total number of loans upon real estate.....................................................270
Amount of investments from which no income is received,
.
.
.
525 00
Gross amount of interest or profits received, as per books, during year
ending Oct. 31, 1 9 0 5 ,........................................................................................
95,820 00
Times when dividends are payable, as fixed by the by-laws: first Wednes­
day of June and December. Deposits commence to draw interest: first
day of March, June, September and December.
Rate and amount of each semi-annual dividend j 1| per cent., $34,644 22 ( gg gg^ gg
during the year ending Oct. 31, 1905,
.
( If per cent., 35,320 36 1
’
Number of accounts opened during the year ending Oct. 31, 1905,
1,389
Number of accounts closed during the year ending Oct. 31, 1905,
. 955
Total number of open accounts Oct. 31, 1905,
. . . .
8,669
Total expenses of the corporation for the year ending Oct. 31, 1905 (ex­
6,630 89
clusive of taxes).................................................................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 5 ,........................................................................................
371,089 12
Number of s a m e , ...............................................................................10,717
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 9 0 5 , ................................................................................................
350,899 32
Number of s a m e , ...............................................................................5,965
Date of examination by commissioner: March 17.


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Federal Reserve Bank of St. Louis

No. 8.]

SAYINGS BANK COMMISSIONERS.

143

C IT Y IN S T IT U T IO N F O R S A V IN G S — L O W E L L .

Incorporated April 12, 1837.
F red A . B ottrick , President.
F r a n k W . H u r d , Treasurer.
F r a n k W . H u r d , Clerk o f the Corporation.

Names of committee charged with the investment of its funds :
F r e d A . B utt r ic k ,
H e n r y C. C ooper ,
F r a n k Co b u r n ,
L eo nar d H u n t r e s s ,
Ch a r l e s P. C o nant .

Open for business every business day, 9 a . m . to 1 p . m . ; also Saturdays, 7 to 9 p . m .

B a la n c e S h e e t O c t . 31, 1905.

A ssets.

L ia b il it ie s .

Public funds, as per schedule, . $1,233,500 00
Bank stock, as per schedule,
339,875 00
Loans on bank stock,.
19,561 25
Railroad bonds, as per schedule, 2,314,625 00
Street railway bonds, as per
schedule,...................................
347,000 00
Real estate by foreclosure, etc.,
72,583 59
Loans on real estate, .
2,830,298 51
Loans on personal security,
1,644,686 85
Loans to counties, cities or towns
( n o t e s ) , ...................................
23,300 00
Deposits in banks, on interest, .
54,210 53
Suspense account,
13,875 00
Cash on hand, .
. . .
1,148 98
$8,894,664 71

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

$8,242,789 59
400,000 00
107,900 80
143,974 32

$8,894,664 71

Cash on Deposit in Banks, amount in each : —
First National Bank, B o s t o n , .............................................................
.
$1,690 01
3,908 83
National Shawmut Bank, B o s t o n , .............................................................
Appleton National Bank, L o w e l l , ............................................................. 47,611 69
Pynchon National Bank, Springfield (in liquidation),
. . . .
1,000 00


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Federal Reserve Bank of St. Louis

144

[Pub. Doc.

REPORT OF THE
C ity In s titu tio n for S av in g s — Continued.

Loans on Bank Stock, amount on each : —
111 shares Pacific National Bank, Lawrence,
6 shares Appleton National Bank, Lowell,
20 shares Appleton National Bank, Lowell,
15 shares Union National Bank, Lowell, .
75 shares Appleton National Bank, Lowell,

$8,761 25
500 00
3,400 00*
6,900 00

* Since reduced within the legal limit.

Detailed Statement o f Public Funds.

J
Massachusetts 3£s, . . . .
County of Middlesex, Mass., 4s,
City of Altoona, Pa., 4s, .
of Boston, Mass., 3£s,
of Cambridge, Mass., 3£s,
of Fall River, Mass., 3is,
of Fitchburg, Mass., 4s, .
of Indianapolis, Ind., 4s, .
of Lawrence, Mass., 4s, .
of Lowell, Mass., 4s,
of Medford, Mass., 4s,
of Milwaukee, YVis., 5s, .
of Saginaw, Mich., 4£s, .
of W aterbury, Conn., 4 s ,.
Town of Cranston, R. I., 4s,
Leominster, Mass., 4s, .
Maynard, Mass., 4s,

Par Value.

Estimated
Market Value.

Amount Invested.

$116,000 $120,060 00 $116,000 00
39,000 00
41,605 00
39,000
50,000 00
53,000 00
50,000
100,000 00
100,500 00
100,000
30,000 00
30,150 00
30,000
27,000 00
27,000 00
27,000
125,000 00
132,250 00
125,000
100,000 106,000 00 100,000 00
100,000 00
106,500 00
100,000
50,000 00
50,000
53,250 00
75,000 00
79,600 00
75,000
140,100 00 133,500 00
133,500
50,000 00*
51,275 00
50,000
100,000 00
104,000 00
100,000
74,000 00*
76,960 00
74,000
49,000 00
52,430 00
49,000
15,000 00
15,750 00
15,000
$1,233,500 $1,290,430 00 $1,233,500 00

* Legal investments when made.

No. of
Shares.

Detailed Statement o f B ank Stocks.

80 Atlantic N at’l Bank, Boston, .
124 Boylston N at’l Bank, Boston, .
39 Bunker Hill N’l Bank, Boston,
44 Merchants Nat’l Bank, Boston,
100 Metropolitan N’l B’k, B oston,.


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Federal Reserve Bank of St. Louis

Par Value.

$8,000
12,400
3,900
4,400
10,000

Estimated
Market Value.

$10,800
12,400
7,371
8,888
11,800

00
00
00
00
00

Amount Invested.

$8,000
12,400
3,900
4,4C0
10,000

00
00
00
00
00

No. 8.]

SAYINGS BANK COMMISSIONERS.

145

C ity In stitu tio n for S a v in g s — Continued.

Xo. of
Shares.

Detailed Statement o f Bank Stocks— Concluded.
Par Value.

150
400
50
550
36
65
40
265
131
39
85

N’l B’k of Commerce, Boston,
N ’l B’k of the Republic, Boston,
N at’l Exchange Bank, Boston,
N at’l Sbawmut Bank, B oston,.
National Union Bank, B oston,.
New England N’l B’k, Boston,
Old Boston Nat’l Bank, Boston,
Second National Bank, Boston,
State National Bank, Boston, .
W ashington N ’l Bank, Boston,
W ebster and Atlas National
Bank, Boston,
25 Bay State N’l Bank, Lawrence,
610 Appleton N at’l Bank, Lowell,
51 Old Lowell N’l Bank, Lowell,
220 Prescott N at’l Bank, Lowell, .
82. Union N at’l Bank, Lowell,
100 W amesit Nat’l Bank, Lowell, .
25 First N’l Bank, Marlborough,
42 Fram ingham National Bank,
South Framingham,

Estimated
Market Value.

$15,000
40,000
5,000
55,000
3,600
6,500
4,000
26,500
13,100
-

8,500
1,875
61,000
5,100
22,000
8,200
10,000
2,500
4,200

Amount Invested.

$22,800
64,800
7,500
143,000
6,480
8,970
4,200
56,445
19,781
39

00
00
00
00
00
00
00
00
00
00

$15,000
40,000
5,000
60,000
3,600
6,500
4,000
26,500
13,100

12,070
2,875
64,050
5,151
23,760
13,120
10,000
2,500

00
00
00
00
00
00
00
00

8,500
1,875
61,000
5,100
22,000
12,300
10,000
2,500

6,090 00

00
00
00
00
00
00
00
00
00

—

00
00
00
00
00
00
00
00

4,200 00

$330,775 $524,890 00 $339,875 00

Detailed Statement o f Street Railway Bonds.
Estimated
Market Value.

Amount Invested.

$50,000

$48,000 00

$47,000 00*

50.000
50.000
50.000
150,000

52,000
55.500
51.500
157,875

50.000
50.000
50.000
150,000

Par Value.

Boston & Northern Street Railway
Co. 4s.................................................
Lowell & Suburban Street Railway
Co. 5 s , .............................................
Lynn & Boston Railroad Co. 5s,
Springfield Street Railway Co. 4s, .
W est End Street Railway Co. 4s,


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Federal Reserve Bank of St. Louis

00
00
00
00

00*
00*
00
00

$350,000 $364,875 00 $347,000 00
Legal investments when made.

REPORT OF TUE

146

[Pub. Doc.

C ity I n s t i t u t i o n f o r S a v in g s — Continued.
Detailed Statement o f Railroad Bonds.
Par Value.

Boston & Albany R.R, 3£s,
Boston & Lowell R.R. 4s,
Boston & Maine R.R. 3£s,
Chic., Burlington & Quincy R.R. 3¿s,
Chic.. Burlington & Quincy R.R. 4s,
Cleveland & Pittsburgh R.R. 3ès, .
Cleveland & Pittsburgh R.R. 4¿s, .
Concord & Montreal R R. 4s, .
Conn & Passumpsic Rivers R.R. 4s,
Dakota Central R.R. 6s, .
Erie & Pittsburgh R.R. 3ès,
Fitchburg R.R. 5s, .
Kalamazoo, Allegan & Grand Rapids
R.R. 5s, .
Maine Central R.R. 4s,
Maine Central R.R, 4£s, .
Michigan Central R.R. 6s,
N arragansett Pier R.R. 4s,
New York, New Haven & Hartford
R.R. 3¿s,
....................................
New York. New Haven & H artford
R.R. 4 s ,.............................................
Norwich & W orcester R.R. 4s,
Old Colony R.R. 4s, .
Portland & O gdensburg R.R. 5s,
Sullivan County R.R. 4s, .
W orcester, Nashua & Roch. R.R. 4s,

Estimated
Market Value.

Amount Invested.

$200,000 $200,000 00 $205,500 00
200,000 205,040 00 200,000 00
100,000
98,500 00
100,000 00
50,000
47,500 00
44,750 00
200,000
206,000 00 200,000 00
107,910 00
109,000
109,000 00
100,000
117,000 00
100,000 00
200,000 208,000 00 200,000 00
50,000
53,500 00
50,000 00
62,000
63,550 00
62,000 00
24,500 00
25,000
25,000 00
50,000
51,250 00
50,000 00
100,000
50,000
50,000
100,000
25,000

124,000
50,750
52,250
107,500
25,750

00
00
00
00
00

125,000

120,000 00

128,375 00

200,000
100,000
40,000
25,000
100,000
50,000

212,500
105,500
42,800
25,750
103,500
50,000

200,000
100,000
40,000
25,000
100,000
50,000

00
00
00
00
00
00

100,000
50,000
50,000
100,000
25,000

00
00
00
00
00

00
00
00
00
00
00

$2,311,000 $2,403,050 00 $2,314,625 00

Total Amount o f Loans, with Each Specified Bate o f Interest.
Amount.

Kate.

$54,210 53
1,580,097 34
95,000 00

2 per cent.
4
«
44
“

Amount.

Rate.

$1,389,124 07 4£ per cent.
1,420,346 21 5
“

Amount.

$17,336 25
15,942 74

Rate.

5¿ per cent.
6

Value, by books, of real estate held or owned by foreclosure or otherw i s e , ..................................................................................................................$72,583 59
Assessed value of the s a m e ,...............................................................................
69,472 40
Net income received from same during the year ending Oct. 31, 1905,
.
2,436 82
Number of loans which are of an amount not exceeding $3,000 each, 489
Aggregate amount of the s a m e , ......................................................................
764,806 27
Total number of loans upon real e s t a t e , ............................................ 582


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Federal Reserve Bank of St. Louis

No. 8.]

SAYINGS BANK COMMISSIONERS.

147

C ity In stitu tio n for S av in g s — Concluded.
Amount of investments from which no income is received,
$11,415 00
Gross amount of interest or profits received, as per books, during year
ending Oct. 31, 1 9 0 5 ,.......................................................................................
375,886 84
Times when dividends are payable, as fixed by the by-laws: second Satur­
day of January and July. Deposits commence to draw interest: second
Saturday of January, April, July and October.
Rate and amount of each semi-annual dividend t 2 per cent., $154,584 77
311,843 61
during the year ending Oct. 31, 1905,
. f 2 per cent.,
157,258 84
Number of accounts opened during the year ending Oct. 31, 1905, 2,029
Number of accounts closed during the year ending Oct. 31, 1905,
1,760
Total number of open accounts Oct. 31, 1905,
. . . .
18,416
Total expenses of the corporation for the year ending Oct. 31, 1905 (ex­
clusive of taxes),
........................................................................................
17,712 90
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 5 ,....................................................................................... 1,038,377 31
Number of s a m e , ...............................................................................16,064
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 9 0 5 , ................................................................................................ 1,096,372 39
Number of s a m e , ...............................................................................19,106
Date of examination by commissioners : October 2.


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Federal Reserve Bank of St. Louis

[Pub. Doc.

REPORT OF THE

148

C L IN T O N S A V IN G S B A N K — C L IN T O N .
Incorporated May 15, 1851.
J o h n E. T h a y e r , President.
C. L. S. H a m m o n d , Treasurer.
C. L. S. H a m m o n d , Clerk o f the Corporation.

Names of committee charged with the investment of its funds :
J o h n E. T h a y e r ,
C. C. S t o n e ,
G e o r g e P. T a y l o r ,
L u c iu s F i e l d ,
E. S. F u l l e r .

Open for business every business day except Saturdays, 9 a . m . to 12 m . ; 1 to 3 p .m . ;
Saturdays, 9 a .m . to 1 p .m .

B alance S h eet Oct .

L ia b il it ie s .

A ssets.

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

31, 1905.

$161,500
52,500
575
405,537
20,000
42,200
4,000
895,645
706,975

00
00
00
50
00
00
00
96
00

212,341
29,356
7,548
10,000
1,222
26,070

74
42
08
00
50
43

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

$2,575,472 63

$2,450,104 56
115,500 00
9,868 07

$2,575,472 63

Cash on Deposit in Banks, amount in each : —
First National Bank, B o s t o n , ......................................................................$29,356 42
.
7,548 08
First National Bank, C l i n t o n , .............................................................
Loans on Bank Stock, amount on each : —
20 shares National City Bank, L y n n ,.............................................................
2 shares First National Bank, C l i n t o n , .....................................................
4 shares First National Bank, Clinton............................................................


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Federal Reserve Bank of St. Louis

$300 00
150 00
125 00

No. 8.]

149

SAYINGS BANK COMMISSIONERS.
C lin ton S av in g s B a n k — Continued.
Detailed Statement o f Public Funds.
Par Value.

City of Boston, Mass., 3£s,
of Boston, Mass., 4s,
of Chicago, 111., 4s, .
of Kansas City, Mo., 4^s,.
of New Bedford, Mass., 4s,
of Newburyport, Mass., 3£s,
of Rockville, Conn., 4s, .
of Saginaw, Mich., 4s,
Town of Clinton, Mass., 3ès, .
of Clinton, Mass., 4s,
of Mansfield, Mass., 4s, .
of W atertown, Mass., 4s,

Estimated
Market Value.

$5,000
4,000
50,000
5,000
10,000
5,000
5,000
5,000
10,000
51,000
5,000
6,500

$5,000
4,240
50,905
5,300
10,300
5,050
5,250
5,100
10,100
53,140
5,250
6,727

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

Amount Invested.

$5,000
4,000
50,000
5,000
10,000
5,000
5,000
5,000
10,000
51,000
5,000
6,500

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

$161,500 $166,362 50 $161,500 00
* A legal investment when made.

No. of
Shares.

Detailed Statement o f B ank Stocks. __

30
55
350
40
50

Par Value.

Metropolitan N’l Bank, Boston,
W ebster and Atlas National
Bank, Boston,
F irst National Bank, Clinton, .
Fitchburg N’l B’k, Fitchburg,
F irst N ’l Bank, New Bedford,

Estimated
Market Value.

Amount Invested.

$3,000

$3,540 00

$3,000 00

5,500
35,000
4,000
5,000

7,810
43,750
5,680
6,800

5,500
35,000
4,000
5,000

$52,500

00
00
00
00

$67,580 00

00
00
00
00

$52,500 00

Detailed Statement o f Railroad Bonds.
Par Value.

Boston & Albany R.R. 3ès,
Boston & Lowell R.R. 4s,
Chic., Burlington & Quincy R.R. 3ès,
Chicago & Northwestern R.R. 3és, .
Fitchburg R.R. 4s, .
Fitchburg R.R. 5s, .
Illinois Central R.R. 3¿s, .


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Federal Reserve Bank of St. Louis

$18,000
20,000
20,000
10,000
59,000
10,000
13,000

Estimated
Market Value.

$18,000
20,400
19,250
10,100
61,172
10,300
12,435

00
00
00
00
50
00
00

Amount Invested.

$18,000
20,000
18,000
10,000
59,000
10,000
11,000

00
00
00
00
00
00
00

REPORT OE THE

150

[Pub. Doc.

C lin ton S a v in g s B a n k — Continued.
D e ta ile d S ta te m e n t o f R a ilr o a d B o ìid s

Par Value.

Illinois Central R.R. 4s, .
Lake Shore & Michigan Southern
R.R. H *..............................................
Maine Central R.R. 4s,
Maine Central R.R. 7s,
Michigan Central R.R. 3£s,
Milwaukee, Lake Shore & W estern
R.R. os, ..............................................
New York Central & Hudson River
R.R. 3 è s , ....................................
New York, New Haven & H artford
R.R. 3ès,
....................................
New York, New Haven & H artford
R.R. 4 s ,.............................................
Old Colony R.R. 4s, .
St Johnsbury & Lake Champlain
R.R. 5s, .
Worcester, Nashua & Roch. R.R. 4s,

$10,000

— Concluded.
Estimated
Market Value.

Amount Invested.

$10,525 00

$10,000 00

00
50
00
00

25,000
7,000
8,000
14,125

00
00
00
00

25,000
7,000
8,000
15,000

25,000
7,087
9,440
15,000

15,000

17,812 50

15,000 00

20,000

19,925 00

19,750 00

5,000

4,850 00

4,850 00

75,000
61,000

78,300 00
64,570 00

78,112 50
62,700 00

10,000
5,000

12,200 00
5,050 00

10,000 00
5,000 00

$406,000 $421,417 50 $405,537 50

•

B o sto n T e r m in a l C o m p a n y B o n d s.

Par Value.

$40,000

Boston Term inal Company 3ès,

Estimated
Market Value.

Amount Invested.

$44,400 00

$42,200 00

T o ta l A m o u n t o f L o a n s , w ith E a c h S p e c ifie d R a te o f In te r e s t.

Kate.

Amount.

$29,356
45.000
50.000
10.000

42
00
00
00

2£ per cent.
34
“
3§
3è

Amount.

$421,341
223.500
204.500
10,000

74
00
00
00

Kate.

Amount.

4 per cent.
44
“
4*
“
4|
“

$841.723 96
29,372 00
100 00

Value, by books, of real estate held or owned by foreclosure or otherwise,
Assessed value of the s a m e ,...............................................................................
Number of loans which are of an amount not exceeding $3,000 each, 401
Aggregate amount of the s a m e , .......................................................................
Total number of loans upon real estate......................................................434


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Federal Reserve Bank of St. Louis

Kate.

5 per cent.
6
“
7
“

$4,000 00
8,000 00
471,087 70

No. 8.]

SAYINGS BANK COMMISSIONERS.

151

C lin ton S av in g s B a n k — Concluded.
Gross amount of interest or profits received, as per books, during year
ending Oct. 31, 1 9 0 5 ,........................................................................................$109,282 35
Times when dividends are payable, as fixed by the by-laws: second Mon­
day of April and October. Deposits commence to draw interest: sec­
ond Monday of January, April, July and October.
Rate and amount of each semi-annual dividend f If per cent., $39,932 31 1 gQ ^ 5 gg
during the year ending Oct. 31, 1905,
.
1 If per cent., 40,393 58 J
’
Number of accounts opened during the year ending Oct. 31, 1905,
1,045
Number of accounts closed during the year ending Oct. 31, 1905,
. 866
Total number of open accounts Oct. 31, 1905,
. . . .
7,077
Total expenses of the corporation for the year ending Oct. 31, 1905 (ex­
.......................................................................................
7,554 97
clusive of taxes),
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 5 ,........................................................................................
384,128 22
Number of s a m e , ...............................................................................5,088
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 9 0 5 , ................................................................................................
414,654 63
Number of s a m e , ...............................................................................5,821
Date of examination by commissioner : April 17.


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Federal Reserve Bank of St. Louis

152

REPORT OF THE

[Pub. Doc

C O H A SSE T S A V IN G S B A N K — C O H A SSE T .

Incorporated Feb. 28, 1845.
C a l e b F. N ic h o l s , President.
C a l e b L o t h r o p , Treasurer.
C a l e b L o t h r o p , Clerk o f the Corporation.

Names of committee charged with the investment of its funds :
D a n i e l N. T o w e r ,
G e o r g e K. N ic k e r s o n ,
C a l e b F. N ic h o l s ,
A mos A . L a w r e n c e .

Open for business every business day except Saturdays, 8.30 a .m . to 12.30 p.
1.30 to 4 p . m . ; Saturdays, 8.30 a . m . to 12 m .

m .;

B alance S heet Oct. 31, 1905.

A ssets.

Public funds, as per schedule, .
Bank stock, as per schedule,
Railroad bonds, as per schedule,
Street railway bonds, as per
schedule......................................
Boston Terminal Co. bonds,
Real estate (for banking purp o s e s ) , ...................................
Real estate by foreclosure, etc.,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
( n o t e s ) , ...................................
Loans on depositors’ books,
Deposits in banks, on interest, .
Expense account,
Furniture and fixtures,
Suspense account,
Cash on hand, . . . .

L ia b il it ie s .

$14,000 00
5,530 00
93,356 25
15,000 00
10,000 00
14,000
30,514
545,707
256,524

00
42
95
12

51,875
50
16,196
1,356
900
2,894
2,076

00
00
16
51
00
07
28

$1,059,980 76

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

$995,907 60
42,550 00
13,401 71
7,344 16
777 29

$1,059,980 76

Cash on Deposit in Banks, amount in each : —
Webster and Atlas National Bank, B o s t o n , ............................................ $3,234 08
Hingham National Bank, Hingham, .
.....................................................
12,962 08


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

/

No. 8.]

153

SAVINGS BANK COMMISSIONERS
C o h a sset S avin gs B a n k — Continued.
D e ta ile d S ta te m e n t o f P u b lic F u n d s .

City of Springfield, Ohio, 4£s,
Town of Foxborough, M ass, 4s,
of Methuen, Mass., 4s, .

Par Value.

Estimated
Market Value.

$9,000
2,000
3,000

$9,540 00
2,140 00
3,210 00

$9,000 00
2,000 00
3,000 00

$14,000

$14,890 00

$14,000 00

Amount Invested.

No. of
Shares.

D e ta ile d S ta te m e n t o f B a n k S to ck s.

40
18
15
16
18

Par Value.

Continental N ’l Bank, Boston,
M erchants N at’l Bank, Boston,
N’l B’k of the Republic, Boston,
State National Bank, Boston, .
Trem ont N at’l Bank, Boston, .

_
$1,800
1,500
1,600
630
$5,530

Estimated
Market Value.

$200
3,636
2,430
2,416

00
00
00
00
-

$8,682 00

Amount Invested.

-

$1,800
1,500
1,600
630

00
00
00
00

$5,530 00

D e ta ile d S ta te m e n t o f S tr e e t B a i lw a y B o n d s.

Par Value.

W est End Street Railway Co. 4s,

.

$15,000

Estimated
Market Value.

Amount Invested.

$15,862 50

$15,000 00

D e ta ile d S ta te m e n t o f R a ilr o a d B o n d s.

Par Value.

Chic., Burlington & Quincy R R. 3¿s,
Conn. & Passumpsic Rivers R.R. 4s,
Eastern R.R. 6s,
. . .
Illinois Central R.R 3ès, .
New York, New Haven & H artford
R.R. 3 ¿ s , ....................................
New York, New Haven & H artford
R.R. 4 s ,.............................................
U pper Coos R.R. 4¿s,
W ashington County R.R. 3£s, .


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

$25,000
5,000
13,000
17,000

Estimated
Market Value.

$23,875
5,400
13,227
16,022

00
00
50
50

Amount Invested

$23,862
5,000
13,000
17,000

50
00
00
00

10,000

9,575 00

9,775 00

10,000
10,000
5,000

10,675 00
11,000 00
4,725 00

10,000 00
10,000 00
4,718 75

$95,000

$94,500 00

$93,356 25

154

REPOET OF THE

[Pub. Doc.

C o h a sset S a v in g s B a n k — Concluded.
B o sto n T e r m in a l C o m p a n y B o n d s.

Par Value.

Boston Terminal Company 3£s,

$10,000

Estimated
Market Value.

Amount Invested.

$11,100 00

$10,000 00

T o ta l A m o u n t o f L o a n s , w ith E a c h S p e c ifie d B a te o f I n te r e s t.

Amount.

$13,140
16,196
26,451
91,375

Kate.

00
16
67
00

0 per cent.
2
3| “
4
“

Amount.

$122,500
94.000
13.000
285,713

Kate.

00
00
00
60

4j per cent.
4é
«
4|
“
5

Amount.

$22,500 00
63,787 00
121,689 80

Amount invested in real estate for banking purposes,.
Estimated value of the same,
.
.
.
.
.
.
Assessed value of the s a m e ,.....................................................
.
Net income received from same during the year ending Oct. 31, 1905,»,
Value, by books, of other real estate held or owned by foreclosure
ire or
o th e r w is e ,......................................................................
Assessed value of s a m e , ............................................
Net income received from same during the year ending Oct. 31, 1905,»,
Number of loans which are of an amount not exceeding $3,000
1, 219
Aggregate amount of the s a m e , ............................................
Total number of loans upon real estate,
. . . .
. 259
Amount of investments from which no income is received,
Gross amount of interest or profits received, as per books, during; year
ending Oct. 31, 1905..................................................................
Times when dividends are payable, as fixed by the by-laws: on or after
the first Wednesday of January and July. Deposits commence to draw
interest: first Tuesday of January, April, July and October.
Rate and amount of each semi-annual dividend f 2 per cent., $18,185 96
during the year ending Oct. 31, 1905,
.
l 1 | per cent., 16,721 49
Number of accounts opened during the year ending Oct. 31, 1905, . 265
Number of accounts closed during the year ending Oct. 31, 1905,
. 155
Total number of open accounts Oct. 31, 1905,
. . . .
2,223
Total expenses of the corporation for the year ending Oct. 31, 1905 (ex­
clusive of taxes),
........................................................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 5 ,........................................................................................
Number of s a m e , ........................................................................................ 1,620
Amount of withdrawals, including dividends, during the year ending
Oct. 3 1 , 1 9 0 5 , .................................................................................................
Number of s a m e , ........................................................................................ 1,459
Date of examination by commissioner: May 15.


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

Kate.

5^ per cent.
5è
6
«

$14,000
15,000
11,000
486

00
00
00
00

30,514 42
25,450 00
54 06
229,390 40
35,599 03
45,599 03

34,907 45

3,276 95
146,056 20

128,704 93

No. 8.]

SAVINGS BANK COMMISSIONERS.

155

C O M M O N W EA LT H S A V IN G S B A N K — L Y N N .

Incorporated March 28, 1900.
J o s e p h G. P in k h a m , President.
W il l ia m M. B a r n e t , Treasurer.
C h a r l e s N e a l B a r n e t , Clerk o f the Corporation.

Names of committee charged with the investment of its funds:
W il l ia m M. B a r n e t ,
E u g e n e A. P u t n a m ,
P a t r ic k B. M a g r a n e ,
W a l t e r M. L i b b e t ,
T h o m a s C a m p b e l l , 2d.

Open for business every business day, 9 a . m . to 1 p

.m .

; also Saturdays, 3 to 6 p

.m .

B alance S heet Oct. 31, 1905.

A ssets.

Public funds, as per schedule, .
Loan on public funds,
Bank stock, as per schedule,
Loans on bank stock,.
Railroad bonds, as per schedule,
Street railway bonds, as per
schedule,...................................
Loans on real estate, .
Loans on personal security,
Loans on depositors’ books,
Deposits in banks, on interest, .
Expense account,
Premium account,
Furniture and fixtures,
Tax account..................................
Cash on hand, . . . .

L ia b il it ie s .

$7,000
700
5,500
9,600
86,417

00
00
00
00
50

9,000
378,858
35,775
300
9,939
1,502
10,271
2,345
413
2,619

00
00
00
00
38
48
05
58
50
74

$560,242 23

Deposits, .
Guaranty fund,
Interest account,
D ue on mortgage
loans, .

$550,656 41
3,300 00
942 52
5,343 30

$560,242 23

Cash on Deposit in Banks, amount in each : —
Metropolitan National Bank, Boston,..............................................................$2,347 55
Manufacturers National Bank, L y n n , .....................................................
7,591 83
Loan on Public Funds : —
$1,000 City of Newton, Mass., 5s,


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Federal Reserve Bank of St. Louis

$700 00

156

REPORT OF THE

[Pul). Doc.

C o m m o n w e a lth S a v in g s B a n k — Continued.
Loans on Bank Stock, amount on each : —
6 shares National Bank of Commerce, Boston,.
2 shares Atlantic National Bank, Boston, .
4 shares Webster and Atlas National Bank, Boston,
15 shares Metropolitan National Bank, Boston,.
50 shares National Bank of Commerce, Boston,
25 shares Manufacturers National Bank, L ynn,.

$ 1,200 00
1,400 00
5.000 00
2.000 00

Detailed Statement o f Public Funds.
Par Value.

City of Augusta, Me. (W ater Dis­
trict) , 4s, .
of Barre, Vt., 4s,
Town of Newmarket, N. EL, 3£s, .
of Swampscott, Mass., 4s,

Estimated
Market Value.

13,000
1,000
2,000
1,000

$3,240
1,040
2,000
1,000

$7,000

$7,280 00

00
00
00
00

Amount Invested.

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

00
00
00
00

$7,000 00

Detailed Statement o f B ank Stocks.
C9
c J
^ co
20
20
5
10

Par Value.

Commercial N at’l B’k, Boston,
Metropolitan N ’l B’k, Boston,
Peoples N at’l Bank, Boston, .
Manufacturers N’l B’k, Lynn,

Estimated
Market Value.

$2,000
2,000
500
1,000

$2,700
2,360
625
1,000

$5,500

$6,685 00

00
00
00
00

Amount Invested.

$2,000
2,000
500
1,000

00
00
00
00

$5,500 00

Detailed Statement o f Street Railway Bonds.
Estimated
Market Value.

Amount Invested.

$2,000
5.000
2.000

$2,170 00
5,550 00
2,060 00

$2,000 00
5.000 00*
2.000 00

$9,000

$9,780 00

$9,000 00

Par Value.

Athol & Orange Street Railway
Company 5 s ,....................................
Lynn & Boston Railroad Co. 5s,
W est End Street Railway Co. 4s,


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Federal Reserve Bank of St. Louis

A legal investment when made.

.No. 8.]

157

SAYINGS BANK COMMISSIONERS.
C o m m o n w e a lth S a v in g s B a n k — Continued.
Detailed Statement o f Railroad Bonds.
Par Value.

Aroostook & Northern R.R. 5s,
Bangor & Aroostook R.R. 5s, .
Boston & Lowell R.R. 4s,
Boston & Providence R.R. 4s, .
Burlington & Missouri River R.R. 6s,
Chic., Burlington & Quincy R.R. 3¿s,
Chicago & Northwestern R.R. 6s, .
Eastern R.R. 6s,
. . .
Fitchburg R.R. 4s, .
Illinois Central R.R. 3£s,.
Kansas City, St. Joseph & Council
Bluffs R.R. 7s,
Maine Central R.R. 4s,
New York, New Haven & Hartford
R.R. S i s , ....................................
New York, New Haven & H artford
R.R. 4s...............................................
W ashington County R.R. 3¿s, .

15,000
5,000
5,000
10,000
7,800
5,000
8,000
3,000
1,000
5,000

Estimated
Market Value.

$6,000
6,150
5,060
10,400
8,853
4,775
9,760
3,052
1,050
4,700

00
00
00
00
00
00
00
50
00
00

Amount Invested.

$5,000
5,000
5,000
10,000
7,800
4,935
8,000
3,000
1,000
5,000

00
00
00
00
00
00
00
00
00
00

4,000
3,000

4,150 00
3,075 00

4,000 00
3,000 00

5,000

4,787 50

4,932 50

15,000
5,000

15,550 00
4,700 00

15,000 00
4,750 00

$86,800

$92,063 00

$86,417 50

Total Am ount o f Loans, with Each Specified Bate o f Interest.
Amount.

$7,591 83
2,347 55
6,400 00

Kate.

2 per cent.
2¿
“
4
“

Amount.

$71,600 00
7,600 00
262,718 00

Rate.

4¿ per cent.
4§
5

Amount.

$65,050 00
11,865 00

Kate.

5£ per cent.
6
“

Number of loans which are of an amount not exceeding $3,000 each, 93
Aggregate amount of the s a m e , ...................................................................... $134,608 00
Total number of loans upon real e s t a t e , ............................................ 131
Gross amount of interest or profits received, as per books, during year
ending Oct. 31, 1905............................................................................................
20,128 51
Times when dividends are payable, as fixed by the by-laws: day following
first Wednesday of June and December. Deposits commence to draw
interest: first Wednesday of March, June, September and December.
Rate and amount of each semi-annual dividend j 1 | per cent., $6,168 02 |
^ gg
during the year ending Oct. 31, 1905,
.
I 1 | per cent.,
7,205 66 i
’
Number of accounts opened during the year ending Oct. 31, 1905, . 727
Number of accounts closed during the year ending Oct. 31, 1905,
. 327
Total number of open accounts Oct. 31, 1905,
. . . .
1,653


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Federal Reserve Bank of St. Louis

158

REPORT OF THE

[Pub. Doc

C o m m o n w e a lth S a v in g s B a n k — Concluded.
Total expenses of the corporation for the year ending Oct. 31, 1905 (ex­
clusive of taxes),
........................................................................................$3,976 56
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 5 ,........................................................................................
263,513 49
Number of s a m e , ...............................................................................3,691
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 9 0 5 , ................................................................................................
128,127 85
Number of s a m e , ...............................................................................1,810
Date of examination by commissioner : January 24.


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Federal Reserve Bank of St. Louis

No. 8.]

SAYINGS BANK COMMISSIONERS.

159

C O N W A Y S A V IN G S B A N K — C O N W A Y .

Incorporated March 10, 1887.
A r t h u r P . D e l a b a r r e , President.
A. C. G u il f o r d , Treasurer.
A. C. G u il f o r d , Clerk o f the Corporation.

Names of committee charged with the investment of its funds :
John B . P ackard,
Charles L . B o yden,
A rthur P . D ela ba r r e,
H a r r is D . P e a s e ,
F r a n c is R . R ic h m o n d .

Open for business every business day, 9 a .m . to 2 p .m .

B a la n c e S h e e t O c t . 31, 1905.

A ssets.

Public funds, as per schedule, .
Bank stock, as per schedule,
Railroad bonds, as per schedule,
Boston Terminal Co. bonds,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
( n o t e s ) , ...................................
Deposits in banks, on interest, .
Furniture and fixtures,
Cash on hand, . . . .

L ia b il it ie s .

$6,000
4.000
17,000
5.000
264,046
64,953

00
00
00
00
00
33

9,300
17,921
682
631

00
05
11
51

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

$389,534 00

Cash on Deposit in Banks, amount in each : —
Old Colony Trust Company, B oston ,..............................................................
Conway National Bank, C o n w a y , .............................................................
Pynchon National Bank, Springfield (in liquidation),
. . . .
Hampshire County National Bank, N o rth a m p to n ,...................................


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

$378,832 86
8,780 72
1,920 42

$389,534 00

$454
12,364
101
5,000

96
83
26
00

160

REPORT OF THE

[Pub. Doc.

C o n w a y S a v in g s B a n k — Continued.
Detailed Statement o f Public Funds.
Par Value.

City of
of
of
of
of

Holyoke, Mass., 4s,
Milwaukee, Wis., 5s, .
Newton, Mass., 4s,
Somerville, Mass., 4s, .
Springfield, Ohio, 4£s,.

Estimated
Market Value.

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

$2,067
1,085
1,087
1,013
1,030

$6,000

$6,283 75

50
00
50
75
00

Amount Invested.

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

00
00
00
00
00

$6,000 00

No. of
Shares.

Detailed Statement o f B ank Stocks.
Par Value.

20 Conway Nat’l Bank, Conway, .
10 City National Bank, H olyoke,.
10 North Adams N at’l B’k, North
Ada ms , .
.
.
.
.

Estimated
Market Value.

Amount Invested.

$2,000
1,000

$2,000 00
1,150 00

$2,000 00
1,000 00

1,000

1,150 00

1,000 00

$4,000

$4,300 00

$4,000 00

Detailed Statement o f Railroad Bonds.
Par Value.

Boston & Albany R.R. 4s,
Chic., Burlington & Quincy R.R. 3£s,
Connecticut River R.R 4s,
Illinois Central R.R. 3¿s,.
New York, New Haven & Hartford
R.R. 4 s , .............................................
Old Colony R.R. 4 s ,.
St. Johnsbury & Lake Champlain
R.R. 5 s ,.............................................
Worcester, Nashua & Roch. R.R. 4s,


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

$1,000
2,000
1,000
5,000

Estimated
Market Value.

$1,033
1,910
1,067
4,725

75
00
50
00

Amount Invested.

$1,000
2,000
1,000
5,000

00
00
00
00

5,000
1,000

5,100 00
1,052 50

5,000 00
1,000 00

1,000
1,000

1,250 00
1,050 00

1,000 00
1,000 00

$17,000

$17,188 75

$17,000 00

No. 8.]

SAYINGS BANK COMMISSIONERS.

161

C on w ay S a v in g s B an k — Concluded.
Boston Terminal Company Bonds.
Par Value.

Boston Terminal Company 3ès,

$5,000

Estimated
Market Value.

$5,550 00

Amount Invested.

$5,000 00

Total Amount o f Loans, with Each Specified Rate o f Interest.
Rate.

Amount.

$454 96
17,364 83

2 per cent.
3i
“

Amount.

$8,101 26
326,311 33

Rate.

4 per cent.
5
“

Amount.

$3,988 00

Rate.

6 per cent.

Number of loans which are of an amount not exceeding $3,000 each, 136
Aggregate amount of the s a m e , ...................................................................... $186,346 00
Total number of loans upon real e s t a t e , ............................................152
Gross amount of interest or profits received, as per books, during year
17,428 98
ending Oct. 31, 1 9 0 5 ,.......................................................................................
Times when dividends are payable, as fixed by the by-laws : first day of
May and November. Deposits commence to draw interest: first day
of February, May, August and November.
Rate and amount of eachsemi-annual dividend f 2 per cent.,
$6,721 73 1 13,792 14
during the year endingOct. 31,1905,
.
I 2 per cent.,
7,070 41 i
Number of accounts opened during the year ending Oct. 31, 1905, . 143
Number of accounts closed during the year ending Oct. 31, 1905,
. 88
Total number of open accounts Oct. 31, 1905,
. . . .
1,105
Total expenses of the corporation for the year ending Oct. 31, 1905 (ex­
1,176 51
clusive of taxes),
.
...............................................................................
Amount of deposits, not including dividends, received during the year
68.707 84
ending Oct. 31, 1 9 0 5 ,.......................................................................................
Number of s a m e , ........................................................................................... 774
Amount of withdrawals, including dividends, during the year ending
47,424 65
Oct. 31, 1 9 0 5 , ................................................................................................
Number of s a m e , ...........................................................................................489
Date of examination by commissioner: October 4.


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Federal Reserve Bank of St. Louis

REPORT OF THE

162

[Pub. Doc

C O U N T Y S A V IN G S B A N K — C H E L SE A .

Incorporated Feb. 27, 1890.
A l b e r t D. B osson , President.
G eorge T. R o berts , Treasurer.
V e r n o n A . F i e l d , Clerk o f the Corporation.

Names of committee charged with the investment of its funds :
A l b e r t D. B osson ,
W il l ia m S. H ix o n ,
M ilton R a t ,

J o hn M u ll o t ,
G eorge W . M o ses .

Open for business every business day, 8 a .m . to 1 p . m . ; also Saturdays, 4 to 9 p . m .

B a l a n c e S h e e t O c t . 31, 1905.

A ssets.

Public funds, as per schedule, .
Bank stock, as per schedule,
Loans on bank stock,.
Railroad bonds, as per schedule,
Street railway bonds, as per
schedule,...................................
Boston Terminal Co. bonds,
Real estate by foreclosure, etc.,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
( n o t e s ) , ...................................
Deposits in banks, on interest, .
Expense account,
Premium account,
Cash on hand, . . . .

L ia b il it ie s .

$71,700
16,600
7,000
117,128

00
00
00
75

24,000
5.000
2,434
1,004,690
217,069

00
00
50
65
72

66,510
40,836
475
4.000
276

00
95
53
00
93

$1,577,723 03

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

$1,511,717 53
32,000 00
1,258 14
32,747 36

$1,577,723 03

Cash on Deposit in Banks, amount in each : —
First Ward National Bank, B o s t o n ,............................................................. $ 10,735 79
Winnisimmet National Bank, C h e l s e a , .................................................... 30,101 16

20
40
10
10

Loans on Bank Stock, amount on each : —
shares State National Bank, B o s t o n , .....................................................$2,000 00
shares Winnisimmet National Bank, C h e l s e a , ...................................
3,000 00
shares State National Bank, Boston........................................................... |
^ qoo 00
shares First National Bank, B o s t o n , .....................................................1
’


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Federal Reserve Bank of St. Louis

No. 8.]

163

SAYINGS BANK COMMISSIONERS
C ou n ty S av in g s B a n k — Continued.
Detailed Statement o f Public Funds.
Par Value.

Massachusetts 3s,
City of Brockton, Mass., 4s,
of Cambridge, Mass., 3£s,
of Chelsea, Mass., 4s,
of Chicago, 111., 4s, .
of Dayton, Ohio, 3is,
of Dubuque, Iowa, 5s,
of Milwaukee, Wis., 5s, .
of Quincy, Mass., Sis,
of Sioux City, Iowa, 4 i s , .
of South Norwalk, Conn., 4s, .
Town of South Wayne, Ind., 6s,

Estimated
Market Value.

$20,000
4,000
1,000
3,000
15,000
5,000
■ 3,500
2,000
2,400
10,000
5,000
800

$19,155
4,240
1,000
3,075
15,375
5,000
3,605
2,040
2,400
10,350
5,337
928

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

$71,700

$72,505 50

Amount Invested.

$20,000
4,000
1,000
3,000
15,000
5,000
3,500
2,000
2,400
10,000
5,000
800

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

$71,700 00

No. of jl
Shares. I

Detailed Statement o f B ank Stocks.

25
25
11
7
3
5
12
30
25
1
25

First W ard N’l Bank, Boston,
Mt. Vernon N ’l Bank, Boston,
Nat’l Shawmut Bank, Boston,.
National Union Bank, Boston,
New England N’l B’k, Boston,
Old Boston Nat’l Bank, Boston,
Second National Bank, Boston,
State National Bank, Boston, .
Washington N ’l Bank, Boston,
First National Bank, C helsea,.
Winnisimmet National Bank,
Chelsea,
. . . .
6 Dedham Nat’l Bank, Dedham,
5 First N at’l B’k, Newburyport,


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Federal Reserve Bank of St. Louis

Par Value.

$2,500
2,500
1,100
700
300
500
1,200
3,000
-

100

Estimated
Market Value.

$4,375
2,125
2,860
1,260
414
525
2,556
4,530
25
100

00
00
00
00
00
00
00
00
00
00

Amount Invested.

$2,500
2,500
2,200
700
300
500
1,200
3,000

00
00
00
00
00
00
00
00

_

100 00

2,500
600
500

2,875 00
663 00
610 00

2,500 00
600 00
500 00

$15,500

$22,918 00

$16,600 00

164

[Pub. Doc,

REPORT OF THE
C o u n ty S av in g s B a n k — Continued.
Detailed Statement o f Street Railw ay Bonds.
Estimated
Market Value.

Amount Invested.

$4,000

$4,200 00

$4,000 00*

5.000

5.550 00

5.000 00*

5.000
5.000
5.000

5,250 00
5.550 00
5,300 00

5.000 00*
5.000 00*
5.000 00

$24,000

$25,850 00

Par Value.

Gloucester, Essex & Beverly Street
Railway Co. 5s,
Lowell, Lawrence & Haverhill Street
Railway Co. 5s,
Lowell & Suburban Street Railway
Co. 5 s , .............................................
Lynn & Boston Railroad Co. 5s,
W est End Street Railway Co. 4s, .

$24,000 00

* Legal investments when made.

Detailed Statement o f Railroad Bonds.
Par Value.

Boston, Clinton and Fitchburg R R.
5 s , ......................................................
Boston & Lowell R.R, 4s,
Chic., Burlington & Quincy R.R. 3£s,
Chic., Burlington & Quincy R.R. 4s,
Concord & Montreal R.R. 4s, .
Connecticut River R.R. 3£s,
Fitchburg R.R. 4s, .
Illinois Central R.R. 3s,. .
Illinois Central R.R, 3£s,.
Maine Central R.R, 4s,
Maine Central R.R. 4£s, .
Maine Central R.R. 5s,
Maine Central R.R. 7s,
Michigan Central R R . 3és,
New York Central & Hudson River
R.R. 3£s,
....................................
New York, New Haven & Hartford
R.R. 3 à s , ....................................
New York, New Haven & H artford
R.R. 4 s ,.............................................
Old Colony R.R. 4s, . . . .
U pper Coos R.R. 4s,
. . .
W ashington County R R. 3£s, .


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Federal Reserve Bank of St. Louis

$1,000
1,000
6,000
5,500
6,000
10,000
5,000
18,000
5,000
1,000
1,000
500
1,000
5,000

Estimated
Market Value.

$1,055
1,005
5,730
5,832
6,240
10,000
5,250
14,940
4,750
1,020
1,047
537
1,185
4,900

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

Amount Invested.

$1,000
1,000
6,000
5,500
6,000
10,000
5,000
16,128
5,000
1,000
1,000
500
1,000
5,000

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

5,000

4,937 50

5,000 00

5,000

4,862 50

5,000 00

28,000
5,000
5,000
5,000

29,072
5,250
5,100
4,700

50
00
00
00

28,000
5,000
5,000
5,000

00
00
00
00

$119,000 $117,415 00 $117,128 75

165

SAVINGS BANK COMMISSIONERS.

No. 8.]

C ou n ty S av in g s B a n k — Concluded.
Boston Terminal Company Bonds.
Par Value.

$5,000

Boston Terminal Company 3ès,

Estimated
Market Value.

$5,550 00

Amount Invested.

$5,000 00

Total Am ount o f Loans, with Each Specified Bate o f Interest.
Eate.

Amount.

$40,836
34,110
10,000
36,819

95
00
00
72

2 per cent.
3h
3.40 “
4
“

Rate.

Amount.

$94,000
61,000
10,000
293,979

00
00
00
79

4^ per cent.
4è
“
41
“
5
“

Amount.

$2,600 00
126,340 00
626,420 86

Rate.

b\ per cent.
5*
“
6
“

$2,434 50
Value, by books, of real estate held or owned by foreclosure or otherwise,
2,300 00
Assessed value of the same..................................................................................
Number of loans which are of an amount not exceeding $3,000 each, 570
803,810 65
Aggregate amount of the s a m e , ......................................................................
Total number of loans upon real e s t a t e , ............................................607
Gross amount of interest or profits received, as per books, during year
73,648 41
ending Oct. 3 1 ,1 9 0 5 ,.......................................................................................
Times when dividends are payable, as fixed by the by-laws: Monday
following third Saturday of April and October. Deposits commence
to draw interest: third Saturday of January, April, July and October.
Rate and amount of each semi-annual dividend j 2 per cent., $25,157 96 | 52,185 65
during the year ending Oct. 31, 1905, .
. ( 2 per cent.,
27,027 69 i
Number of accounts opened during the year ending Oct. 31, 1905,
1,006
Number of accounts closed during the year ending Oct. 31, 1905,
. 520
Total number of open accounts Oct. 31, 1905...................................4,602
Total expenses of the corporation for the year ending Oct. 31, 1905 (ex­
7,424 76
clusive of taxes)..................................................................................................
Amount of deposits, not including dividends, received during the year
475,869 89
ending Oct. 31, 1 9 0 5 ,........................................................................................
Number o f s a m e , ................................................................. ..........
8,747
Amount of withdrawals, including dividends, during the year ending
300,957 83
Oct. 31, 1905................................................................................................
Number of
.................................................................................... 5,020
Date o f e x a m in a t io n b y c o m m is s io n e r : J a n u a r y 19.


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Federal Reserve Bank of St. Louis

[Pub. Doc

REPORT OF THE

166

C ROCKER IN S T IT U T IO N F O R S A V I N G S — T U R N E R ’S
FALLS.

Incorporated April 3, 1869.
I saac Ch e n e r y , President.
N o rm an P. F a r w e l l , Treasurer
N orm an P. F a r w e l l , Clerk o f the Corporation.

Names of committee charged with the investment of its funds :
J am e s A . G u n n ,

M. B. A llen,

E. L. G o d d a r d .

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

B a la n c e S h e e t O ct . 31, 1905.

L ia b il it ie s .

A ssets.

Public funds, as per schedule, .
Bank stock, as per schedule,
Loans on bank stock,.
Railroad bonds, as per schedule,
Street railway bonds, as per
schedule,...................................
Boston Terminal Co. bonds,
Real estate (for banking purp o s e s ) , ...................................
Real estate by foreclosure, etc.,.
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
(notes), ...................................
Loans on depositors’ books,
Deposits in banks, on interest, .
Deposits in banks not on interest,
Premium account,
.
.
.
Furniture and fixtures,
Cash on hand, . . . .

$104,000
7,500
3,942
157,193

00
00
20
75

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

$1,526,075 18
57,000 00
4,149 51

16,900 00
20,000 00
41,000
32,725
927,386
232,494

00
00
31
47

7,400
743
21,661
5,000
5,560
2,200
1,517

00
00
14
00
90
00
92

$1,587,224 69

*

$1,587,224 69

Cash on Deposit in Banks, amount in each: —
National Shawmut Bank, B o s t o n , ............................................................. $2,521 77
First National Bank, Greenfield,......................................................................
5,598 42
Crocker National Bank, Turner’s F a l l s , .....................................................
18,540 95


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Federal Reserve Bank of St. Louis

No. 8.]

SAYINGS BANK COMMISSIONERS.

167

C rock er In stitu tio n for S a v in g s — Continued.
Loans on Bank Stock, amount on each: —
3 shares Crocker National Bank, Turner’s F a l l s , ...................................
1 share Crocker National Bank, Turner’s Falls..........................................
10 shares Franklin County National Bank, Greenfield, . . . .
40 shares Packard National Bank, Greenfield (in liquidation),
.
.

$273 90
100 00
800 00
2,768 30

Detailed Statement o f Public Funds.
Par Value.

Massachusetts 3£s, . . . .
City of Boston, Mass., 3£s,
of Boston, Mass., 5s,
of Cambridge, Mass., 4s, .
of Chicago, 111., 4s, .
of Cleveland, Ohio, 5s,
of Fort Wayne, Inch, 4£s,
of Lewiston, Me., 4s,
of Milwaukee, Wis,, 5s, .
of Somerville, Mass., 4£s,
of Springfield, Mass., 4 s ,.
Town of T urner’s Falls, Mass. (Fire
District), 4 s , ....................................

$20,000
25,000
4,000
10,000
21,000
1,000
4,000
5,000
5,000
1,000
5,000

Estimated
Market Value.

$20,850
25,000
4,040
10,200
21,290
1,005
4,240
5,375
5,400
1,025
5,350

00
00
00
00
00
00
00
00
00
00
00

3,045 00

3,000

Amount Invested.

$20,000
25,000
4,000
10,000
21,000
1,000
4,000
5,000
5,000
1,000
5,000

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

3,000 00

$104,000 $106,820 00 $104,000 00
* A legal investment when made.

Detailed Statement o f Bank Stocks.
O ror,
O <3

75

Par Value.

Crocker National Bank, Turner’s Falls, . . . .

$7,500

Estimated
Market Value.

$10,500 00

Amount Invested.

$7,500 00

Detailed Statement o f Street Railway Bonds.
Par Value.

Athol & Orange Street Railway
Co. 5 s , .............................................
Hoosac Valley Street Railway Co. 4s,
Naumkeag Street Railway Co. 5s, .


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

Estimated
Market Value.

$3,000
10,000
4,000

$3,240 00
10,100 00
4,060 00

$17,000

$17,400 00

* A legal investment when made.

Amount Invested.

$3,000 00
9,900 00
4,000 00*
$16,900 00

[Pub. Doc.

REPORT OF THE

168

C rocker In s titu tio n for S av in g s — Continued.
Detailed Statement o f Railroad Bonds.
Par Value.

Boston, Concord & Montreal R.R. 4s,
Chic., Burlington & Quincy R.R. 4s,
Cleveland & Pittsburgh R.R. 3ès, .
Conn. & Passumpsic Rivers R.R. 4s,
Fitchburg R.R. 3£s, . . . .
Fitchburg R.R. 4s, .
Illinois Central R.R. 3s, .
Illinois Central R.R. 3ès, .
Illinois Central R.R. 4s, .
Maine Central R.R. 4£s, .
New York, New Haven & Hartford
R.R. 3£s,
....................................
New York, New Haven & H artford
R.R. 4 s ,.............................................
Old Colony R.R. 4 s ,.
Sioux City & Pacific R.R. 3 è s,.
U pper Coos R.R. 4s,
. . .
Worcester, Nashua & Roch. R R. 4s,

$10,000
30,000
13,000
2,000
5,000
15,000
10,000
16,000
5,000
5,000
5,000
15,000
13,000
5,000
5,000
5,000

Estimated
Market Value.

$10,400
31,500
11,870
2,140
4,950
15,525
8,450
15,040
5,250
5,225

00
00
00
00
00
00
00
00
00
00

4,800 00
15,300
13,910
4,800
5,125
5,275

00
00
00
00
00

Amount Invested.

$10,000
30,000
13,000
2,000
5,000
15,000
8,850
15,800
5,000
5,000

00
00
00
00
00
00
00
00
00
00

4,750 00
15,000
13,000
4,793
5,000
5,000

00
00
75
00
00

$159,000 $159,560 00 $157,193 75

Boston Terminal Company Bonds.
Estimated
Market Value.

Boston Terminal Company 3ès,

$20,000

$22,200 00

$20,000 00

Total Amount o f Loans, with Each Specified Rate o f Interest.
Amount.

$16,062 72
5,598 42
1,000 00

Rate.

2 per cent.
3
“
4
“


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

Amount.

Rate.

$244,400 00
62,000 00
855,582 18

44, per cent.
4|
“
5
«

Amount.

$3,883 80
5,100 00

Rate.

5i| per cent.
6
“

No. 8.]

SAVINGS BANK COMMISSIONERS.

169

C rocker In stitu tio n for S av in g s — Concluded.
Amount invested in real estate for banking purposes,...................................
Estimated value of the s a m e , ......................................................................
Assessed value of the s a m e ,...............................................................................
Net income received from same during year ending Oct. 31, 1905,
Value, by books, of other real estate held or owned by foreclosure or
o th e r w is e ,.........................................................................................................
Assessed value of the s a m e ,...............................................................................
Net income received from same during the year ending Oct. 31,1905,
Number of loans which are of an amount not exceeding $3,000 each, 387
Aggregate amount of the s a m e , ......................................................................
Total number of loans upon real estate,
............................................ 386
Gross amount of interest or profits received, as per books, during year
ending Oct. 31, 1905............................................................................................
Times when dividends are payable, as fixed by the by-laws: first day of
January and July. Deposits commence to draw interest: first day of
January, April, July and October.
Rate and amount of each semi-annual dividend f 2 per cent., $27,782 04 |
during the year ending Oct. 31, 1905,
.
1 2 per cent.,
29,108 04 )
Number of accounts opened during the year ending Oct. 31, 1905, . 526
Number of accounts closed during the year ending Oct. 31, 1905,
. 382
Total number of open accounts Oct. 31, 1905,
. . . .
3,750
Total expenses of the corporation for the year ending Oct. 31, 1905 (ex­
clusive of taxes),
.......................................................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 5 ,.......................................................................................
Number of s a m e , ...............................................................................3,285
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 9 0 5 , ................................................................................................
.
.
.
2,192
Number of same.........................................................
Date of examination by commissioner: March 16.


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

$41,000
41.000
25.000
1,013

00
00
00
36

32,725 00
27,400 00
669 28
315,861 18

68,161 49

56,890 08

3,090 73
240,962 09

209,074 21

170

REPORT OF THE

[Pub. Doc

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

Incorporated March 20, 1850.
C h a u l e s H. W h it e , President.
J. F r a n k P orter , Treasurer.
J. F r a n k P o rte r , Clerk o f the Corporation.

Names of committee charged with the investment of its funds :
C h a r l e s H. W h it e ,
I saac D. P o pe ,
C h a r l e s N. P e r l e y ,
Ch a r l e s H. P r e st o n ,
J oshua A r m it a g e .

Open for business every business day except Saturdays, 8 a .m . to 12 m . ; 1 to 3 p .m . ;
Saturdays, 8 a .m . to 12 m .

B a l a n c e S h e e t O ct . 31, 1905.

A ssets.

Public funds, as per schedule, .
Loan on public funds,
Bank stock, as per schedule,
Loans on bank stock,.
Railroad bonds, as per schedule,
Loan on railroad bonds.
Boston Terminal Co. bonds,
Stocks, bonds, etc., taken to secure indebtedness, .
Real estate by foreclosure, etc.,.
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
( n o t e s ) , ...................................
Loans on depositors’ books,
Deposits in banks, on interest, .
Deposits in banks, not on interest,
Expense account,
Premium account,
Furniture and fixtures,
Tax account,
. . . .
Cash on hand, . . . .

L ia b il it ie s .

$27,500
3,000
52,149
41,150
390,546
50,000
85,000

00
00
83
00
25
00
00

1
55,207
929,047
554,694

00
37
00
03

4,500
440
13,609
2,000
408
212
2,900
3.522
9,453

00
00
37
00
33
50
00
05
46

$2,225,341 19

Deposits, .
Guaranty fund,
Interest account,
Earnings undivided,

$2,083,369
109,000
7,993
24,978

11
00
74
34

$2,225,341 19

Cash on Deposit in Banks, amount in each : —
Faneuil Hall National Bank, Boston,............................................................. $9,144 06
Danvers National Bank, D a n v e r s , .............................................................
6,465 31


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Federal Reserve Bank of St. Louis

No. 8.]

SAYINGS BANK COMMISSIONERS.

171

D a n vers S avin gs B a n k — Continued.
Loan on Public Funds: —
$3,000 City of Fall River, Mass., 6 s , ............................................................. $3,000 00
Loans on Bank Stock, amount on each: —
230 shares Traders National Bank, Lowell,
100 shares City National Bank, Gloucester,
14 shares Boylston National Bank, Boston,
240 shares American National Bank, Boston,
2 shares Danvers National Bank, Danvers,

$20,000 00

10,000 00
1,000 00

10,000 00

150 00

Loan on Railroad Bonds: —
$60,000 New York, New Haven & Hartford R.R. 4s,

.

.

.

.

$50,000 00

Par Value.

Estimated
Market Value.

Amount Invested.

$2,000
5,500
20,000

$2,000 00
5,541 00
20,850 00

$2,000 00
5,500 00
20,000 00

$27,500

$28,391 00

$27,500 00

Detailed Statement o f Public Funds.

Town of Gardner, Mass., 3¿s, .
of Danvers, Mass., 3és, .
of Danvers, Mass , 4s, .

No. of
Shares.

Detailed Statement o f B ank Stocks.

50 Mei-chants N ’l Bank, Boston, .
60 N’l B’k of Commerce, Boston,
37 State National Bank, Boston, .
8 W ebster & Atlas National B’k,
B oston,....................................
75 Danvers N at’l Bank, Danvers,
125 First N ’l Bank, New Bedford,
20 W arren N at’J Bank, Peabody,.
51 Asiatic National Bank, Salem,
100 N at’l Exchange Bank, Salem,
7 F irst National Bank, Salem, .
4 Naumkeag N at’l Bank, Salem,
21 Salem National Bank, Salem, .


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Federal Reserve Bank of St. Louis

Par Value.

Estimated
Market Value.

$5,000
6,000
3,700

$10,100 00
9,120 00
5,587 00

800
7,500
12,500
2,000
5,100
3,500
350
400
2,100
$48,950

1,136
8,250
17,000
2,400
5,355
1,000
245
600
1,680

00
00
00
00
00
00
00
00
00

$62,473 00

Amount Invested.

$6,475 00
6,000 00
4,431 25
880
8,250
14,947
2,000
5,100
1,000
350
281
2,434

83
00
25
00
00
00
00
00
50

$52,149 83

[Pub. Doc.

REPORT OF THE

172

D a n v ers S a v in g s B a n k — Continued.
Detailed Statement o f Railroad Bonds.

Boston & Maine R.R. 4s, .
Boston, W inthrop & Shore R.R. 5s,
Chic., Burlington & Quincy R.R. 3¿s,
Chic., Burlington & Quincy R.R. 4s,
Conn. & Passumpsic Rivers R.R. 4s,
Fitchburg R.R. 3^s, .
Fitchburg R.R. 4s, .
Illinois Central R R 3£s,.
Maine Central R.R. 4s,
New York, New Haven & H artford
R.R. 3¿s,
....................................
Penobscot Shore Line R.R. 4s,
U pper Coos R.R. 4és,
Washington County R R. 3ès, .
W orcester, Nashua & Roch. R.R. 4s,

Estimated
Market Value.

Amount Invested.

$35,000
20,000
50,000
25,000
25,000
50,000
20,000
51,000
25,000

r,537
20,050
47,750
26,250
27,000
49,000
20,500
48,192
25,375

50
00
00
00
00
00
00
50
00

$35,000
20,000
41,506
25,000
25,000
50,000
20,000
50,940
25,000

00
00
25
00
00
00
00
00
00

25,000
15,000
25,000
20,000
15,000

24,000
15,450
27,000
19,000
15,750

00
00
00
00
00

24,250
15,000
25,000
18,850
15,000

00
00
00
00
00

0fco
00
01

Par Value.

00 $390,546 25

$401,000

Boston Terminal Company Bonds.
Par Value.

$85,000

Boston Term inal Company 3és,

Estimated
Market Value.

Amount Invested.

$94,350 00

$85,000 00

Total Am ount o f Loans, with Each Specified Rate o f Interest.
Amount.

$4,465
9,144
52,500
189,233
25,000

Bate.

31
06
00
05
00


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Federal Reserve Bank of St. Louis

2 per cent.
2|
“
44
4J

“
«

Bate.

Amount.

$140,000
183,500
60,000
700,850

00
00
00
44

44 per cent.
H
“
43
«
5
“

Amount.

$15,036
125,845
89,766
1,100

Bate.

54
00
00
00

5è
6
7

per cent.
«
“

No. 8.]

SAYINGS BANK COMMISSIONERS.

173

D a n v ers S av in g s B a n k — Concluded.
Value, by books, of real estate held or owned by foreclosure or otherwise,
Assessed value of the s a m e ,...............................................................................
Net income received from same during the year ending Oct. 31, 1905,
Number of loans which are of an amount not exceeding $3,000 each, 330
Aggregate amount of the s a m e , ......................................................................
Total number of loans upon real e s t a t e , ............................................ 353
Amount of investments from which no income is recei ved, . . . .
Gross amount of interest or profits received, as per books, during year
ending Oct. 31, 1 9 0 5 ,.......................................................................................
Times when dividends are payable, as fixed by the by-laws: first day of
April and October. Deposits commence to draw interest: first day of
January, April, July and October.
Rate and amount of each semi-annual dividend f 2 per cent.,
$39,626 76 1
during the year ending Oct. 31, 1905,
. 1 2 per cent.,
40,326 38 J
Number of accounts opened during the year ending Oct. 31, 1905, . 572
Number of accounts closed during the year ending Oct. 31, 1905,
. 388
Total number of open accounts Oct. 31, 1905...................................
5,402
Total expenses of the corporation for the year ending Oct. 31, 1905 (ex­
clusive of taxes)..................................................................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 5 ,.......................................................................................
Number of same....................................................................................3,476
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1905.........................................................................................................
Number of s a m e , ...............................................................................2,930
Date of examination by commissioner: February 20.


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

$55,207 37
49,350 00
996 40
339,245 00
2,336 55
99,352 73

79,953 14

4,258 82
247,807 62

276,751 89

174

REPOET OF THE

[Pub. Doc.

D E D H A M IN S T IT U T IO N F O R S A V IN G S — D E D H A M .
Incorporated March 19, 1831.
"Win sl o w "Wa r r e n , President.
A l f r e d H e w in s , Treasurer.
A l f r e d H e w in s , Clerk o f the Corporation.

Names of committee charged with the investment of its funds:
A ugustus B . E n dico tt ,
D on G leason H il l ,
Clift o n P. B a k e r ,
H ow ard C o l b u r n ,
"Win sl o w W a r r e n .

Open for business every business day except Saturdays, 9 a .m . to 12.30 p . m . ; 2 to
4 p .m . ; Saturdays, 9 a .m . to 12 m .

B a l a n c e S h e e t O ct . 31, 1905.

A ssets.

L ia b il it ie s .

Public funds, as per schedule, .
Bank stock, as per schedule,
Loan on bank stock, .
Railroad bonds, as per schedule,
Loan on railroad bonds,
Street railway bonds, as per
schedule,...................................
Railroad notes, . . . .
Real estate (for banking pur­
poses),
...................................
Real estate by foreclosure, etc.,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
(notes), .
.
.
.
Deposit in bank, on interest,
Deposit in bank, not on interest,

$896,000
31.000
500
906,578
25.000

00
00
00
75
00

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

$3,908,543 01
191,495 74
99,740 34

80.000 00
50.000 00
35.000
5,667
658,525
1,372,687

00
97
00
50

71,800 00
65,019 87
2,000 00
$4,199,779 09

$4,199,779 09

Cash on Deposit in Bank : —
Dedham National Bank, D e d h a m , ............................................................. $67,019 87
Loan on Bank Stock: —
10 shares Dedham National Bank, D e d h a m , ............................................
Loan on Railroad Bonds: —
$25,000 Fitchburg R.R. 4s, . .


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

.

$500 00

............................................ $25,000 00

•No. 8.]

175

SAYINGS BANK COMMISSIONERS.
D ed h am In stitu tio n for S a v in g s

—

Continued.

Detailed Statement o f Public Funds.
Par Value.

City of Akron, Ohio, 5s, .
of Boston, Mass., 3£s,
of Boston, Mass., 4s,
of Bridgeport, Conn., 4s, .
of Chicago, 111., 4s, .
of Dayton, Ohio, 4s,.
of Davton, Ohio, 5s,.
of Fail River, Mass., 3£s,.
of Fall River, Mass., 4^s,
of Fall River, Mass., 4<|s,
of Grand Rapids, Mich., 4£s, .
of Indianapolis, Ind., 4s, .
of Kansas City, Mo., 4£s,.
of Lynn, Mass., 3£s,.
of Lynn, Mass., 4s, .
of Manchester, N. II., 4 s,.
of Manchester, N. H., 4£s,
of New Bedford, Mass., 3Îs, .
of Newton, Mass., 3is,
of Newton, Mass., 4s,
of Northampton, Mass., 4s,
of Norwalk, Conn , 4s,
, of Portland, Me., 6s,
of Portsmouth, N. H., 4s,
of Scranton, Pa., 4£s,
of Springfield, Ohio,4£s, .
of Springfield, Ohio, 5s, .
Town of Danvers, Mass., 5s, .
of Dedham, Mass., 4s, .
of Hopkinton, Mass., 5s,
of Melrose, Mass., 4s, .
of Methuen, Mass., 4s, .
of Peabody, Mass., 4s., .

$3,000
30,000
100,000
38,000
55,000
20,000
25,000
24,000
25,000
10,000
38,000
12,000
25,000
30,000
52,000
14,000
15,000
28,000
10,000
45,000
17,000
18,000
48,000
20,000
25,000
40,000
10,000
4,000
25,000
20,000
20,000
25,000
25,000

Estimated
Market Value.

$3,030
30,175
102,500
40,470
56,312
20,400
26,750
24,060
26,250
10,750
40,280
12,780
26,812
30,000
54,590
14,630
15,975
28,070
10,050
49,787
17,510
19,440
49,680
20,100
27,435
43,700
11,200
4,050
26,375
20,900
21,000
26,625
26,000

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

Amount Invested,

$3,000
30,000
100,000
38,000
55,000
20,000
25,000
24,000
25,000
10,000
38,000
12,000
25,000
30,000
52,000
14,000
15,000
28,000
10,000
45,000
17,000
18,000
48,000
20,000
25,000
40,000
10,000
4,000
25,000
20,000
20,000
25,000
25,000

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

$896,000 $937,687 50 $896,000 00

Detailed Statement o f Bank Stocks.
*O
*H rA
O

Par Value.

*<£

75
25
60
150

N’l B’k of Commerce, Boston,
National Union Bank, Boston,
People’s N at’l Bank, Boston, .
Dedham N at’l Bank, Dedham,


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

$7,500
2,500
6,000
15,000
$31,000

Estimated
Market Value.

$11,400
4,500
7,500
16,200

00
00
00
00

$39,600 00

Amount Invested.

$7,500
2,500
6,000
15,000

00
00
00
00

$31,000 00

[Pub. Doc

DEPORT OF THE

176

D ed h a m In stitu tio n for S a v in g s — Continued.
Detailed Statement o f Street Railw ay Bonds.

W est End Street Railway Co. 4s,

.

Par Value.

Estimated
Market Value.

Amount Invested.

f80,000

$82,200 00

$80,000 00

Detailed Statement o f Railroad Bonds.
Par Value.

Boston & Albany R.R. 3£s,
Boston & Albany R.R. 4s,
Boston, Clinton, Fitchburg & New
Bedford R.R. 5s, .
Boston & Lowell R.R. 4s,
Boston & Maine R.R. 3£s,
Boston & Maine R.R. 4^s,
Boston, Revere Beach & Lynn R.R.
4 è s , .............................................
Boston, W inthrop & Shore R.R. 5s,
Chic., Burlington, & Quincy R.R. 3às,
Eastern R.R. 6s,
.
.
.
Fitchburg R.R. 4s, .
Illinois Central R.R. 3£s,.
Kansas City, St. Joseph & Council
Bluffs R.R. 7s,
. . .
Maine Central R R. 4£s, .
Maine Central R R. 7s,
Newport & Richford R.R. 5s, .
New York Central & Hudson River
R.R. 3 è s , ....................................
New York, New Haven & Hartford
R.R. 4 s ,.............................................
Norwich & W orcester R.R. 4s,
Old Colony R.R. 3£s,
Old Colony R.R. 4 s ,.
Pennsylvania R.R. 6s,
Portsmouth, Great Falls & Conway
R.R. 4 * s , ....................................
V ermont Valley R.R. 5 s ,.
W ashington County R.R. 3£s, .
W orcester, Nashua & Roch. R.R. 4s,


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

$50,000
25,000

Estimated
Market Value.

$50,000 00
25,750 00

Amount Invested.
1

$50,000 00
25,000 00

35,000
20,000
10,000
45,000

36,925
21,200
9,900
53,100

00
00
00
00

35,000
20,000
9,900
45,000

00
00
00
00

25,000
28,000
25,000
60,000
40,000
85,000

28,000
28,140
23,875
61,050
42,125
80,150

00
00
00
00
00
00

25,000
28,000
24,960
60,000
40,000
81,062

00
00
00
00
00
50

16,000
3,000
11,000
35,000

16,600
3,142
13,035
36,925

00
50
00
00

16,000
3,000
11,000
35,000

00
00
00
00*

50,000

49,375 00

47,750 00

125,000
30,000
25,000
49,000
15,000

129,125
31,500
24,750
52,075
16,350

00
00
00
00
00

125,000
30,000
23,906
49,000
15,000

00
00
25
00
00

15,000
40,000
25,000
28,000

17,325
42,000
23,625
29,680

00
00
00
00

15,000
40,000
24,000
28,000

00
00
00
00

$915,000 $945,722 50 $906,578 75
A legal investment when made.'

No. 8.]

177

SAVINGS BANK COMMISSIONERS.
D ed h am In s titu tio n for S a v in g s — Concluded.

Total Amount o f Loans, with Each Specified Rate o f Interest.
-1
Amount.

$65,019 87
200,000 00
60,000 00

Rate.

2 per cent.
31
3J
“

Amount.

Rate.

$1,147,487 50 4 per cent.
«
112,000 00 41
10,500 00 4h
“

Amount.

Rate.

$487,300 00
800 00
160,425 00

5 per cent.
5è
“
6

Amount invested in real estate for banking purposes,...................................
Estimated value of the s a m e , ......................................................................
Assessed value of the s a m e ,...............................................................................
Net income received from same during year ending Oct. 31, 1905,
Value, by books, of other real estate held or owned by foreclosure or
o th e r w ise ,............................................................. ........
Assessed value of the s a m e ,..............................................................................
Number of loans which are of an amount not exceeding $3,000 each, 405
Aggregate amount of the s a m e , ......................................................................
Total number of loans upon real e s t a t e , ............................................447
Amount of investments from which no income is received,
Gross amount of interest or profits received, as per books, during year
ending Oct. 31, 1 9 0 5 ,.......................................................................................
Times when dividends are payable, as fixed by the by-laws : second Satur­
day of May and November. Deposits commence to draw interest: first
day of February, May, August and November.
Rate and amount of each semi-annual dividend f 2 per cent.
$71,811 90 1
during the year ending Oct. 31, 1905,
. i 2 per cent.,
73,296 76 J
Number of accounts opened during the year ending Oct. 31, 1905,
1,119
Number of accounts closed during the year ending Oct. 31, 1905,
. 713
Total number of open accounts Oct. 31, 1905,
. . . .
10,036
Total expenses of the corporation for the year ending Oct. 31, 1905 (ex­
clusive of taxes),
.......................................................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 5 ,.......................................................................................
Number of s a m e , ....................................................
.
. . .
7,347
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 9 0 5 , ................................................................................................
Number of s a m e , ...............................................................................5,915
Date of examination by commissioner : January 4, 5.


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

$35,000
50,000
62,500
321

00
00
00
45

5.667 97
8,800 00
453,725 00
5.667 97
180,133 96

145,108 66

7,544 88
525,002 30

504,420 42

178

REPORT OF THE

[Pub. Doc

D O R C H E S T E R S A V IN G S B A N K -D O R C H E S T E R .

Incorporated April 16, 1894.
F r e d e r ic k L. W a l k e r , President.
G eorge W . B r a d f o r d , Treasurer.
F r a n k M. W h it m a n , Clerk o f the Corporation.

Names of committee charged with the investment of its funds :
H e r b e r t W. B u r k e ,
H e n r y G. A l l b r ig h t ,
G eorge W. B r a d f o r d ,
J. B. L. B ar t l e t t ,
E. S. W o o d bu r y .

Open for business every business day except Saturdays, 2 to 7
2 to 9 p . m .

p .m .

; Saturdays,

B a la n c e S h e e t O c t . 31, 1905.

A ssets.

Public funds, as per schedule, .
Loan on bank stock, .
Railroad bonds, as per schedule,
Street railway bonds, as per
schedule,...................................
Stocks, bonds, etc , taken to se­
cure indebtedness, .
Real estate by foreclosure, etc.,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
( n o t e s ) , ...................................
Loans on depositors’ books,
Deposits in banks, on interest, .
Expense account,
Furniture and fixtures,
Cash on hand, . . . .

L ia b il it ie s .

$65,597 32
360 00
85,301 25

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

3,101 25
500
5,769
367,250
3,400

00
60
00
63

7,895
90
20,349
57
810
2,708

74
00
12
92
20
52

$563,191 55


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

3,518 80

$563,191 55

Cash on Deposit in Banks, amount in each: —
Central National Bank, Boston (in liquidation)............................................
Eliot National Bank, B o s t o n , ......................................................................
Mechanics Trust Company, B o s t o n ,..............................................................
Winthrop National Bank, B o s t o n , .............................................................
Loan on Bank Stock : —
4 shares First National Bank, New Bedford,

$553,519 94
5,055 06
1,097 75

.

.

.

.

.

.

$43
6,720
10,000
3,585

06
11
00
95

$360 00

No. 8.]

SAVINGS BANK COMMISSIONERS.

179

D o r c h e ste r S a v in g s B an k — Continued.
Detailed Statement o f Public Funds.
Par Value.

Massachusetts 3£s................................
City of Akron, Ohio, 5s, .
of Boston, Mass , 3is,
of Chicago, 111., ¿is,
of Chicago, 111., 4s, .
of Fall River, Mass., 6s, .
of New London, Conn., 4s,
of Quincy, Mass., 3is,
of Rockland, Me., 4s,
of Wilkes-Barre, Pa., 3is,
of Youngstown, Ohio, 5s,
Town of West Rutland, Vt., 3is,
of W oburn, Mass., 4s, .

Estimated
Market Value.

$3,000
9,000
10,000
2,500
3,000
3,000
5,000
4,800
1,000
3,000
4,348
11,000
4,000
$63,648

$3,120
9,165
10,050
2,475
3,030
3,060
5,000
4,800
1,000
3,000
4,455
11,000
4,000

00
00
00
00
00
00
00
00
00
00
70
00
00

$64,155 70

Amount Invested.

$3,180
9,557
10,287
2,484
3,062
3,172
5,075
4,932
1,003
3,090
4,752
10,972
4,028

00
10
50
37
00
50
00
24
75
00
36
50
00

$65,597 32

Detailed Statement o f Street Railway Bonds.

W est End Street Railway Co. 4s,

.

Par Value.

Estimated
Market Value.

$3,000

$3,075 00

Amount Invested.

$3,101 25

Detailed Statement o f Railroad Bonds.
Par Value.

Boston & Maine R.R. 3s, .
Chic., Burlington & Quincy R.R. 3¿s,
Chicago & Northwestern R.R. 3 ¿ s ,.
Conn. & Passumpsic Rivers R.R. 4s,
Dexter & Piscataquis R.R. 4s, .
Eastern R.R. 6s,
. . .
Fitchburg R.R. 4s, .
Grafton & Upton R.R. 4s,
Illinois Central R.R. 3s, .
Illinois Central R.R. 3 i s , . • .
Maine Central R.R. 4s,
New York, New Haven & Hartford
R.R. 4 s ,.............................................


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

*

Estimated
Market Value.

$3,000
15,000
5,000
1,000
3,000
5,000
1,000
3,000
10,000
15,000
4,000

$2,580
14,250
4,850
1,070
3,090
5,087
1,055
2,400
8,450
14,150
4,060

10,000

10,650 00

A legal investment when made.

00
00
00
00
00
50
00
00
00
00
00

Amount Invested.

$2,880
14,497
5,068
1,175
3,195
5,087
1,075
3,077
8,725
14,945
4,168

00
50
75
00
00
50
00
50*
00
00
75

10,850 00

180

REPORT OF THE

[Pub. Doc.

D o r c h e ste r S a v in g s B a n k — Concluded.
Detailed Statement o f Railroad Bonds — Concluded.

Old Colony R.R. 4s, .
Portland & Rumford Falls R.R. 4s, .
Portsmouth, Great Falls & Conway
R.R. 4 é s , ....................................
Washington County R.R 3is, .

Par Value.

Estimated
Market Value.

$1,000
2,000

$1,055 00
2,040 00

$1,152 50
2,215 00

2,000
5,000

2,300 00
4,750 00

2,470 00
4,718 75

$85,000

$81,837 50

$85,301 25

Amount Invested.

Total Am ount of Loans, with Each Specified Rate o f Interest.
Amount.

$10,306 06
10,000 00

Rate.

2 | per cent.

Amount.

$7,895 74
348,465 00

Rate.

3 ^ per cent.
5

Amount.

$5,275 63
17,403 06

Rate.

5^ per cent.
6

Value, by books, of real estate, held or owned by foreclosure or otherwise,
$5,769 60
Assessed value of the s a m e ,...............................................................................
5,500 00
Number of loans which are of an amount not exceeding $3,000 each,
89
Aggregate amount of the s a m e , ......................................................................
155,825 00
Total number of loans upon real e s t a t e , ............................................134
Amount of investments from which no income is recei ved, . . . .
3,400 63
Gross amount of interest or profits received, as per books, during year
ending Oct. 31, 1 9 0 5 ,.......................................................................................
21,798 33
Times when dividends are payable, as fixed by the by-laws: second
Wednesday of April and October. Deposits commence to draw interest:
second Wednesday of January, April, July and October.
Rate and amount of each semi-annual dividend 1 I f per cent., $7,294 90 1
during the year ending Oct. 31, 1905,
.
i 1| per cent.,
8,124 25 i
’
Number of accounts opened during the year ending Oct. 31, 1905, . 999
Number of accounts closed during the year ending Oct. 31, 1905,
. 473
Total number of open accounts Oct. 31, 1905..................................
4.997
Total expenses of the corporation for the year ending Oct. 31, 1905 (ex­
clusive of taxes),
........................................................................................
2,139 75
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 5 ,.......................................................................................
273,397 70
Number of s a m e , ............................................................. ........
.
8,469
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 9 0 5 , ................................................................................................
184,305 40
Number of s a m e , ...............................................................................4,746
Date of examination by commissioner: January 2.


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

No. 8.]

181

SAVINGS BANK COMMISSIONERS.

E A S T B O ST O N S A V IN G S B A N K - E A S T BO ST O N .

Incorporated April 26, 1848.
G eorge T . S a m p so n , President.
W il l ia m B. P ig e o n , Treasurer.
W il l ia m B. P ig e o n , Clerk o f the Corporation.

Names of committee charged with the investment of its funds:
F r e d e r ic k P e a s e ,
W il l ia m B. P ig e o n ,
J ohn E. L y n c h ,
A. R. H o o pe r ,
J am e s F r a m e .

J ohn T h o m pson ,

Open for business every business day, 9 a .m . to 2 p . m . ; also Saturdays, 7 to 9 p . m . ;
during June, July, August and September, close at 1 p .m . Saturdays.

B a la n c e S h e e t O c t . 31, 1905.

L ia b il it ie s .

A ssets.

Public funds, as per schedule, .
Bank stock, as per schedule,
Loan on bank stock, .
Railroad bonds, as per schedule,
Street railway bonds, as per
schedule,...................................
Stocks, bonds, etc , taken to se­
cure indebtedness, .
Real estate (for banking pur­
poses),
...................................
Real estate by foreclosure, etc.,
Loans on real estate, .
Loans on personal security,
Deposits in banks, on interest, .
Expense account,
Tax t i t l e s , ...................................
Cash on hand, . . . .

$593,500
136,175
400
832.000

00
00
00
00

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

$4,375,633 61
214,340 14
39,141 48
94,776 89

100.000 00
10 00
10,000
3,000
2,202,795
740,549
91,758
4,207
377
9,118

00
00
50
30
52
41
85
54

$4,723,892 12

$4,723,892 12

Cash on Deposit in Banks, amount in each : —
First National Bank, B o s t o n , ...................................................................... $25,317 67
First Ward National Bank, B o s t o n ,.............................................................
66,440 85
Loan on Bank Stock: —
8 shares First Ward National Bank, B o s t o n , ............................................


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

$400 00

REPORT OF THE

182

[Pub. Doc

E a s t B o sto n S a v in g s B a n k — Continued.
Detailed Statement o f Public Funds.
Par Value.

County of Aroostook, Me., 4^s,
City of Akron, Ohio, 4ès,.
of Boston, Mass., 4s,
of Boston, Mass., 5s,
of Chicago, 111., 4s, .
of Cleveland, Ohio, 5s,
of Dayton, Ohio, 5s,.
of Detroit, Mich., 6s,
of Fall River, Mass,, 4s, .
of F all River, Mass., 4Js,
of Fall River, Mass., 5s, .
of Gloucester, Mass., 4s, .
of Grand Rapids, Mich , 4£s, .
of Indianapolis, Ind., 4s, .
of Lynn, Mass., 4s, .
of Manchester, N. H., 4ès,
of Milwaukee, Wis., 5s, .
of New Bedford, Mass., 4s,
of Newton, Mass., 4s,
of Portland, Me., 6s,
of Providence, R I., 4s, .
of Springfield, Ohio, 4£s,.
of Springfield, Ohio, 5s, .
of W altham, Mass., 4s, .
of Woonsocket, R. I., 4s, .
of Youngstown, Ohio, 5s,

$25,000
25,000
10,000
40,000
25,000
4,000
40,000
10,000
45,000
15,000
9,000
2,000
13,000
20,000
5,000
20,000
50,500
25,000
10,000
42,000
20,000
21,000
17,000
25,000
50,000
25,000

Estimated
Market Value.

$26,000
27,020
11,000
40,400
25,875
4,060
43,855
10,100
47,700
15,750
9,270
2,020
13,635
21,250
5,275
21,300
53,017
27,500
10,700
43,680
21,600
22,970
19,160
25,750
50,500
29,500

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

Amount Invested.

$25,000
25,000
10,000
40,000
25,000
4,000
40,000
10,000
45,000
15,000
9,000
2,000
13,000
20,000
5,000
20,000
50,500
25,000
10,000
42,000
20,000
21,000
17,000
25,000
50,000
25,000

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

$593,500 $628,887 50 $593,500 00
*

Legal investments when made.

No. of
Shares.

Detailed Statement o f Bank Stocks.

100
20
150
150
50
170
50
300
100
113
25

Atlantic N at’l Bank, Boston, .
Commercial N’1 Bank, Boston,
F irst National Bank, Boston, .
First W ard Nat’l Bank, Boston,
Merchants Nat’l Bank, Boston,
N’1 B’k of Commerce, Boston,
N at’l Exchange Bank, Boston,
N at’l Shawmut Bank, Boston,.
Second National Bank, Boston,
State National Bank, Boston, .
Tremont Nat’l Bank, Boston, .


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

Par Value.

Estimated
Market Value.

$10,000
2,000
15,000
15,000
5,000
17,000
5,000
30,000
10,000
11,300
875

$13,500 00
2,700 00
41,250 00
26,250 00
10,100 00
25,840 00
7,500 00
78,000 00
21,300 00
17,063 00
-

Amount Invested.

$10,000
2,0o0
15,000
15,000
5,000
17,000
5,000
45,000
10,000
11,300
875

00
00
00
00
00
00
00
00
00
00
00

$121,175 $243,503 00 $136,175 00

No. 8.]

SAYINGS BANK COMMISSIONERS.

183

E a s t B o sto n S a v in g s B a n k — Continued.
Detailed Statement o f Street Railway Bonds.
Par Value.

Lowell & Suburban Street Railway
Co. 5 s , .............................................
Springfield Street Railway Co. 4s, .
W est End Street Railway Co. 4s, .

$25,000
25,000
50,000

Estimated
Market Value.

Amount Invested.

$26,250 00
25,750 00
52,000 00

$25,000 00*
25,000 00
50,000 00

$100,000 $104,000 00 $100,000 00
*

A legal investment when made.

Detailed Statement o f Railroad Bonds.
Par Value.

Boston & Albany R.R. 3¿s,
Boston & Albany R.K. 4s,
Boston, Clinton & Fitchburg R.R. 5s,
Boston & Maine R.R. 4¿s,
Chic., Burlington & Quincy R.R. 5s,
Chicago & Northwestern R.R. 7s, .
Cleveland & Pittsburgh R.R. 3ès, .
Cleveland & Pittsburgh R.R. 4£s, .
Connecticut River R.R. 3£s,
Eastern R.R. 6s,
. . .
Fitchburg R.R. 5s, .
Hannibal & St. Joseph R.R. 6s,
Housatonic R.R. 5s, . . . .
Kalamazoo, Allegan & Grand Rapids
R.R. 5 s ,.............................................
Maine Central R.R. 4s,
Maine Central R.R. 4£s, .
Maine Central R.R. 7s, .
Michigan Central R.R. 5s,
Milwaukee, Lake Shore & W estern
R.R. 5s...............................................
New England R.R. 5s,
New York, New Haven & Hartford
R.R. 3¿s.............................................
New York, New Haven & Hartford
R.R. 4 s ,.............................................
Old Colony R.R. 4 s ,.
Portland & Ogdensburg R.R. 5s,
Portsmouth, Great Falls & Conway
R .R .4¿s,
....................................
St. Johnsbury & Lake Champlain
R.R. 5s...............................................


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

Estimated
Market Value.

Amount Invested.

$50,000
20,000
75,000
100,000
28,000
18,000
25,000
15,000
25,000
25,000
15,000
15,000
25,000

$50,000
20,600
78,375
117,000
30,520
20,880
24,625
17,700
24,625
25,375
15,375
16,500
30,750

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

$50,000
20,000
75,000
100,000
28,000
18,000
25,000
15,000
25,000
25,000
15,000
15,000
25,000

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

25,000
6,000
12,000
40,000
25,000

30,750
6,105
12,540
47,400
30,000

00
00
00
00
00

25,000
6,000
12,000
40,000
25,000

00
00
00
00
00

48,000
25,000

57,600 00
32,250 00

48,000 00
25,000 00

25,000

24,000 00

25,000 00

85,000
50,000
25,000

89,100 00
52,500 00
25,750 00

85,000 00
50,000 00
25,000 00

5,000

5,750 00

5,000 00

25,000

29,750 00

25,000 00

$832,000 $915,820 00 $832,000 00

REPORT OF THE

184

[Pub. Doc.

E a st B o sto n S a v in g s B a n k — Concluded.
Total Amount o f Loans, with Each Specified Rate o f Interest.
Rate.

Amount.

$66,440
25,317
55,000
377,549

85
67
00
30

2 per cent.
“
3|
“
4
“

Amount.

$35,000
215,000
47,000
2,102,870

Rate.

00
00
00
50

4 | per cent.
“
4| “
5

Amount.

$2,500 00
71,800 00
37,025 00

Rate.

5i per cent.
H
“
6
“

00
Amount invested in real estate for banking purposes,............................ $10,000
Estimated value of the s a m e , ............................................................
20,000
00
Assessed value of the s a m e ,.....................................................................
20,000
00
Net income received from same during year ending Oct. 31,1905,
.
.
268 54
Value, by books, of other real estate held or owned by foreclosure or
o th e r w is e ,...............................................................................................
3,000
00
Assessed value of the s a m e ,.....................................................................
3,800
00
Net income received from same during the year ending Oct. 31,1905,
.
274 06
Number of loans which are of an amount not exceeding $3,000 each, 797
Aggregate amount of the s a m e , ...................................................................... 1,274,945 50
Total number of loans upon real e s t a t e , ............................................955
Gross amount of interest or profits received, as per books, during year
ending Oct. 31, 1905............................................................................................
217,627 91
Times when dividends are payable, as fixed by the by-laws: Monday fol­
lowing the third Wednesday of January and July. Deposits commence
to draw interest: third Wednesday of January, April, July and October.
Rate and amount of each semi-annual dividend f 2 per cent., $78,765 62 )
^gduring the year ending Oct. 31, 1905,
. 1 2 per cent.,
80,419 78 j
Number of accounts opened during the year ending Oct. 31, 1905,
1,691
Number of accounts closed during the year ending Oct. 31, 1905,
1,438
Total number of open accounts Oct. 31, 1905..................................
14,165
Total expenses of the corporation for the year ending Oct. 31, 1905 (ex­
clusive of taxes)..................................................................................................
13,282 07
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1905............................................................................................
857,531 00
Number of s a m e , ............................................................................... 18,029
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1905.........................................................................................................
796,427 16
Number of s a m e , ...............................................................................13,652
Date of examination by commissioner: February 7.


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Federal Reserve Bank of St. Louis

No. 8.]

SAYINGS BANK COMMISSIONERS.

185

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

Incorporated March 8, 1870.
G eorge M . K e it h , President.
C h a r l e s F. M a n n , Treasurer.
Ch a r l e s F. M a n n , Clerk o f the Corporation.

Names of committee charged with the investment of its funds:
G eorge M. K e i t h ,
I saac N. N u t t e r ,
E d w a r d H o bart ,
E l ia b N. W a r d ,
E zra S. W h it m a r s h .

Open for business every business day except Wednesdays, 9 a . m . to 12 m . ; 2 to 4 p .m . ;
also Wednesdays and Saturdays, 6.30 to 8 p . m .

B a l a n c e S h e e t O c t . 31, 1905.

A ssets.

Public funds, as per schedule, .
Bank stock, as per schedule,
Railroad bonds, as per schedule,
Street railway bonds, as per
schedule,...................................
Boston Terminal Co. bonds,
Stocks, bonds, etc., taken to se­
cure indebtedness, .
Real estate (for banking pur­
poses), ...................................
Real estate by foreclosure, etc.,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
(notes)........................................
Loans on depositors’ books,
Deposits in banks, on interest, .
Expense account,
Bank building expense and income account,
Cash on hand, . . . .

L ia b il it ie s .

$31,800 00
23,600 00
124,900 00
10,000 00
25,000 00

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

$1,287,801 78
57,000 00
22,459 44
24,467 16
369 45

2,700 00
12,568
12,407
686,660
437,945

52
24
75
00

6,000
200
16,228
1,008

00
00
48
41

201 09
878 34
$1,392,097 83

$1,392,097 83

Cash on Deposit in Banks, amount in each : —
Fourth National Bank, B o s to n ,......................................................................$10,688 42
Plymouth County Safe Deposit and Trust Company, Brockton,
.
.
5,540 06


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

186

REPORT OF THE

[Pub. Doc.

E a s t B r id g ew a te r S a v in g s B a n k — Continued.
Detailed Statement o f Public Funds.
Par Value.

City of Des Moines, Iowa, 4s, .
of New Britain, Conn., 4s,
of Rockford, 111., 4£s,
of Saginaw, Mich., 4s,
of Taunton, Mass., 4s,
Town of Westfield, Mass., 5s, .

$5,000
5,000
10,000
5,000
5,000
1,800
$31,800

*

Estimated
Market Value.

$5,162
5,200
10,025
5,100
5,018
1,818

50
00
00
00
75
00

$32,324 25

Amount Invested.

$5,000
5,000
10,000
5,000
5,000
1,800

00
00
00
00*
00
00

$31,800 00

A legal investment when made.

No. of
Shares.

Detailed Statement o f B ank Stocks.
Par Value.

12 F irst National Bank, Boston, .
75 Fourth N at’l Bank, Boston,
15 Freemans Nat’l Bank, Boston,
24 State National Bank, Boston, .
15 State Street T rust Co., Boston,
20 Webster and Atlas National
Bank, Boston,
25 Brockton N’l Bank, Brockton,
25 Home Nat’l Bank, Brockton, .
25 Plymouth County Safe Deposit
and T rust Co., Brockton,

$1,200
7,500
1,500
2,400
1,500

Estimated
Market Value.

$3,300
10,425
1,560
3,624
3,000

00
00
00
00
00

Amount Invested.

$1,200
7,500
1,500
2,400
1,500

00
00
00
00
00

2,000
2,500
2,500

2,840 00
3,125 00
4,500 00

2,000 00
2,500 00
2,500 00

2,500

2,500 00

2,500 00

$23,600

$34,874 00

$23,600 00

Detailed Statement o f Street Bailway Bonds.
Par Value.

W est End Street Railway Co. 4s,


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

.

$10,000

Estimated
Market Value.

Amount Invested.

$10,250 00

$10,000 00

No. 8.]

SAYINGS BANK COMMISSIONERS.

187

E a s t B r id g ew a te r S a v in g s B a n k — Continued.
Detailed Statement o f Railroad Bonds.
Par Value.

Boston & Maine R.R. 3£s,
Boston, W inthrop & Shore R.R. 5s,
Chic., Burlington & Quincy R.R. 34s,
Fitchburg R.R 4s, .
Fitchburg R.R. 5s, .
Illinois Central R R. 34s, .
N ewport & Richford R.R. 5s, .
New York, New Haven & Hartford
R.R. 3és.............................................
New York, New Haven & Hartford
R.R. 4s, .............................................
Old Colony R.R. 4 s ,.
Penobscot Shore Line R.R. 4s,
U pper Coos R.R. 4s,
. . .

Estimated
Market Value.

$5,000
5,000
25,000
5,000
6,000
15,000
5,000

$4,900
5,037
23,875
5,256
6,180
14,175
5,225

10,000

Amount Invested.

00
50
00
25
00
00
00

$5,000
5,000
24,450
5,000
6,000
15,000
5,000

9,450 00

9,600 00

20,000
15,000
10,000
5,000

20,875
15,825
10,275
5,000

00
00
00
00
00
00
00*

00
00
00
00

20,000
15,000
10,000
5,000

00
00
00
00

$126,000 $126,223 75 $124,900 00
*

A legal investment when made.

Boston Terminal Company Bonds.
Par Value.

Boston Term inal Company 34s,

$25,000

Estimated
Market Value.

Amount Invested.

$27,750 00

$25,000 00

Total Amount oj Loans, with Each Specified Rate oj Interest.
Amount.

$5,540 06
10,688 42
61,000 00

Rate.

2 per cent.
24 “
4
“

Amount.

$130,000 00
198,000 00
40,000 00

Rate.

4¿ per cent.
44 “
4§ “

Amount.

Rate.

$541,903 50
3,100 00
156,802 25

5 per cent.
54 “
6
“

Amount invested in real estate for banking purposes,...................................
Estimated value of the s a m e , ......................................................................
Assessed value of the s a m e ,...............................................................................
Value, by books, of other real estate held or owned by foreclosure or
otherwise..............................................................................................................
Assessed value of the s a m e ,...............................................................................
Number of loans which are of an amount not exceeding $3,000 each, 314
Aggregate amount of the s a m e , ......................................................................
Total number of loans upon real e s t a t e , ............................................372


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

$12,568 52
12,500 00
8,400 00
12,407 24
14,550 00
292,407 25

188

REPORT OF THE

[Pub. Doc.

E a st B r id g ew a te r S a v in g s B a n k — Concluded.
Gross amount of interest or profits received, as per books, during year
ending Oct. 31, 1905............................................................................................$61,578 80
Times when dividends are payable as fixed by the by-laws: first Tues­
day of January and July. Deposits commence to draw interest: first
Tuesday of January, April, July and October.
Rate and amount of each semi-annual dividend r 2 per cent., $22,887 21 1
Q q
during the year ending Oct. 31, 1905,
.
{ 2 per cent.,
24,002 98
Number of accounts opened during the year ending Oct. 31, 1905, . 321
Number of accounts closed during the year ending Oct. 31, 1905,
. 192
Total number of open accounts Oct. 31, 1905, . . . .
2,914
Total expenses of the corporation for the year ending Oct. 31, 1905 (ex­
clusive of t a x e s ) , ....................................................................................... 3 058 87
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 5 ,.......................................................................................
193,643 74
Number of same....................................................................................1 919
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 9 0 5 , ................................................................................................
142,076 93
Number of s a m e , ...............................................................................1,729
Date of examination by commissioner: May 22.


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Federal Reserve Bank of St. Louis

1

No. 8.]

189

SAVINGS BANK COMMISSIONERS.

E A S T C A M B K ID G E S A V IN G S B A N K —E A S T C A M B B ID G E .
Incorporated April 29, 1854.
G ustavus G o e p p e r , President.
W il l ia m E. L l o y d , Treasurer.
W il l ia m E. L lo y d , Clerk o f the Corporation.

Names of committee charged with the investment of its funds:
A l v in F. S o r tw e ll ,
W il l ia m G o e p p e r ,
D a v id P roudfoot ,
G ustavus G o e p p e r ,
B e n ja m in F. T h o m pso n .

Open for business every business day except Saturdays, 9 a .m . to 1 p . m .; Saturdays,
9 a .m . to 12 M.

B alance S heet Oct. 31, 1905.

L ia b il it ie s .

A ssets.

Public funds, as per schedule, .
Bank stock, as per schedule,
Loans on bank stock,.
Railroad bonds, as per schedule,
Street railway bonds, as per
schedule,...................................
Stocks, bonds, etc., taken to se­
cure indebtedness, .
Real estate (for banking pur­
poses), ...................................
Real estate by foreclosure, etc.,
Loans on real estate, .
Loans on personal security,
Loan on depositors’ books,
Deposits in banks, on interest, .
Expense account,
Cash on hand, . . . .

$56,000
71,256
10,750
307,792

00
67
00
36

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

$4,001,750 10
201,598 00
674 65
148,735 84

40,000 00
6,391 00
20,111
8,918
2,197,301
1,593,750
55
28,938
228
11,264

29
82
92
00*
00
74
34
45

$4,352,758 59

$4,352,758 59

* This amount, in excess of the legal limit, has been ordered reduced.
Cash on Deposit in Banks, amount in each: —
Mercantile Trust Company, B o s to n ,..................................................$10,000
10,000
Cambridge Trust Company, C a m b rid g e ,.................................
Lechmere National Bank, East C a m b r i d g e ,............................................
Loans on Bank Stock, amount on each : —
100 shares City National Bank, Gloucester,
.
.
.
.
.
.
10 shares Central Trust Co., Cambridge,.
.
.
.
.
.
.


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Federal Reserve Bank of St. Louis

00
00
8,938 74

$10,000 00
750 00

190

REPORT OF THE

[Pub. Doc

E a s t C am bridge S a v in g s B a n k — Continued.
Detailed Statement o f Public Funds.
Par Value.

City of Fall River, Mass , 3às,
of Grand Rapids, Mich., 4£s, .
of Lynn, Mass., 4s, .
Town of Webster, Mass., 4s. .
of W ellesley, Mass., 4 s,.

Estimated
Market Value.

$20,000
10,000
10,000
10,000
6,000

$20,C00
10,500
10,637
10,700
6,195

00
00
50
00
00

$56,000

$58,032 50

Amount Invested.

$20,000
10,000
10,000
10,000
6,000

00
00
00
00
00

$56,000 00

Detailed Statement o f B ank Stocks.
o. £$
O
^œ
41
30
12
20
5
50
16
50
40
67
58
16
5
20
37
24
101
26
33
11
35
20
30
13

Par Value.

Bunker Hill N’l B’k, Boston, .
Continental N ’l Bank, Boston,
Eliot National Bank, Boston, .
Faneuil Hall N’l B’k, Boston, .
F irst National Bank, Boston, .
F irst Ward N’l Bank, B oston,.
Fourth National Bank, Boston,
Merchants Nat’l B’k, Boston, .
Metropolitan N at’l B’k, Boston,
N’l Bank of Commerce, Boston,
N ’l B’k of the Republic, Boston,
N at’l Exchange Bank, Boston,
National Union Bank, Boston,
New England N ’l B’k, Boston,
W ebster and Atlas National
Bank, Boston,
Charles River National Bank,
Cambridge, . . . .
Lechmere N ’l B’k, Cambridge,
N at’l City Bank, Cambridge,
Concord Nat’l Bank, Concord,
Fall River N’l B’k, F all River,
First N at’l Bank, M arlborough,
Middlesex County Nat’l Bank,
W inchester, . . . .
Merchants Nat’l Bank, Newbury port,
. . . .
Newton Nat’l Bank, Newton, .


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

$4,100

_

1,200
2,000
500
5,000
1,600
5,000
4,000
6,700
5,800
1,600
500
2,000
3,700
2,400
10,100
2,600
3,300
1,100
3,500

Estimated
Market Value.

$7,749
150
2,400
2,620
1,375
8,750
2,224
10,100
4,720
10,184
9,396
2,400
900
2,760

Amount Invested.

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

$4,100 00

5,254 00

3,700 00

4,368
15,150
3,120
4,950
1,430
4,375

00
00
00
00
00
00

_

1,200
2,000
500
4,000
1,600
5,000
4,000
6,700
5,800
1,600
500
2,000

2,400
12,506
2,600
3,300
1,100
2,850

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

00
67
00
00
00
00

2,000

2,040 00

1,900 00

600
1,300

690 00
1,170 00

600 00
1,300 00

$70,600 $108,275 00

$71,256 67

SAYINGS BANK COMMISSIONERS.

No. 8.]

191

E a st C am b ridge S a v in g s B a n k — Continued.
Detailed Statement of Street Railway Bonds.
Par Value.

W est End Street Railway Co. 4s,

.

$40,000

Estimated
Market Value.

Amount Invested.

$41,750 00

$40,000 00

Detailed Statement o f Railroad Bonds.
Par Value.

Boston & Albany R.R 3^s,
Boston & Albany R.R. 4s,
Boston & Maine R.R. 3ès,
Chic., Burlington & Quincy R.R. 3¿s,
Chic., Burlington & Quincy R.R. 4s,
Chicago & Northwestern R.R. 7s, .
Conn. & Passumpsic Rivers R.R. 4s,
Connecticut River R.R. 3¿s,
Eastern R.R. 6s,
. . .
Fitchburg R.R. 4s, .
Fitchburg R.R. 5s, .
Illinois Central R.R. 3 ¿s,.
Maine Central R.R. 7s,
New York Central & Hudson River
R.R. 3¿s..............................................
New York, New Haven & H artford
R R. 4 s , .............................................
Old Colony R.R. 4s, .
Portsmouth, Great Falls & Conway
R.R. 4ès,
....................................

$15,000
25,000
25,000
30,000
9,000
25,000
15,003
25,000
8,500
10,000
2,000
25,000
10,000

Estimated
Market Value.

$14,850
25,843
24.500
28,650
9,607
32,000
16,200
24,500
8,648
10,457
2,060
23,625
11,850

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

Amount Invested.

$15,000
25,000
25,000
27,825
9,000
25,000
15,000
25,000
8,500
10,000
2,000
23,842
10,000

00
00
00
00
00
00
00
00
00
00
00
36
00

25,000

24,750 00

24,625 00

30,000
30,000

32,025 00
31,687 50

30,000 00
30,000 00

2,000

2,300 00

2,000 00

$311,500 $323,555 00 $307,792 36

Total Am ount o f Loans, with Each Specified Rate o f Interest.
Rate.

Amount.

$28,938
25.000
25.000
998,000

74
00
00
00

2 per cent.
3|
3J
»
4
“


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

Amount.

$25,000 00
364,500 00
160,000 00

Rate.

4 | per cent.
4*
“
4¿
“

Amount.

Rate.

$2,053,942 79 5 per cent.
113,908 07 5h “
36,506 06 6
“

192

REPORT OF THE

[Pub. Doc.

E a s t C am b ridge S av in g s B an k — Concluded.
Amount invested in real estate for banking purposes,...................................
$20,111 29
Estimated value of the sam e,..............................................................................
20,000 00
Assessed value of the s a m e ,...............................................................................
24,200 00
Value, by books, of other real estate held or owned by foreclosure or
o th e r w is e ,.........................................................................................................
8,918 82
Assessed value of the s a m e ,...............................................................................
10,100 00
Number of loans which are of an amount not exceeding $3,000 each, 807
Aggregate amount of the s a m e , ...................................................................... 1,225,413 53
Total number of loans upon real estate,
.
.
.
.
.
.
992
Amount of investments from which no income is received, . . . .
34,918 62
Gross amount of interest or profits received, as per books, during year
ending Oct. 31, 1 9 0 5 ,........................................................................................
198,624 42
Times when dividends are payable, as fixed by the by-laws: fifteenth day
of April and October. Deposits commence to draw interest: fifteenth
day of January, April, July and October.
Rate and amount of each semi-annual dividend f 2 per cent., $72,324 99
147,258 73
during the year ending Oct. 31, 1905,
.
1 2 per cent.,
74,933 74
Number of accounts opened during the year ending Oct. 31, 1905,
1,556
Number of accounts closed during the year ending Oct. 31, 1905,
1,208
Total number of open accounts Oct. 31, 1905,
. . . .
10,859
Total expenses of the corporation for the year ending Oct. 31, 1905 (ex­
clusive of taxes)..................................................................................................
10,238 64
Amount of deposits, not including dividends, received during the year
ending Oct. 3 1 ,1 9 0 5 ,.......................................................................................
743,635 68
Number of s a m e , ...............................................................................14,764
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1905..............................................................................
646,893 51
Number of same, .
■
................................... 9,422
Date of examination by commissioner: February 9.


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

No. 8.]

SAYINGS BANK COMMISSIONERS

193

E A S T H A M P T O N S A V IN G S B A N K — E A S T H A M P T O N .
Incorporated Feb. 10, 1869.
J o se p h W. W il so n , President.
Ch a r l e s H. J o h n so n , Treasurer.
F r e d e r ic k E. J u d d , Clerk o f the Corporation.

Names of committee charged with the investment of its funds:
F r a n k P. N e w k ir k ,
G eorge L. M a n c h e st e r ,
J o seph W . W il so n .

Open for business every business day except Saturdays, 9 a .m . to 3 p .m . ; Saturdays,
9 a .m . to 12 m . ; 7 to 8 p .m .
B a la n c e S h e e t O ct . 31, 1905.

A ssets.

Public funds, as per schedule, .
Bank stock, as per schedule,
Loan on bank stock, .
Railroad bonds, as per schedule,
Street railway bonds, as per
schedule,...................................
Stocks bonds, etc., taken to se­
cure indebtedness, .
Real estate by foreclosure, etc.,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
( n o t e s ) , ...................................
Loans on depositors’ books,
Deposits in banks, on interest, .
Expense account,
Furniture and fixtures,
Tax account,
. . . .
Cash on hand, . . . .

L ia b il it ie s .

$22,687
133,036
355
90,225

00
50
00
00

18,000 00
25.000
19,133
692,594
148,548

00
42
56
97

10.000
100
35,952
978
2,200
148
1,157

00
00
04
67
00
65
99

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

$1,200,117 80

$1,142,940 17
44,600 00
3,732 63
8,845 00

$1,200,117 80

Cash on Deposit in Banks, amount in each : —
First National Bank, A d a m s , ...................................................................... $5,000 00
5,000 00
Conway National Bank, C o n w a y , .............................................................
First National Bank, E a sth a m p to n ,............................................•
.
5,750 42
Pynchon National Bank, Springfield (in liquidation),
. . . .
20162
Springfield National Bank, Springfield............................................................
10,000 00
Ware National Bank, W a r e , ......................................................................
10,000 00
Loan on Bank Stock : —
7 shares First National Bank, E a s th a m p to n ,............................................


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

$355 00

194

[Pub. Doc

EEPOKT OF THE
E a sth a m p to n S a v in g s B a n k — Continued.
Detailed Statement o f Public Funds.
Estimated
Market Value.

Amount Invested.

$1,000
6,000
2,000
3,500
3,000
1,250
5,967

$970
6,175
2,136
3,670
3,225
1,265
5,967

$970
6,000
2,000
3,500
3,000
1,250
5,967

$22,717

$23,408 00

Par Value.

M assachusetts 3s,
City of Chicago, 111., 4s, .
of Dayton, Ohio, 5 s ,.
of Dubuque, Iowa, 5s,
of New Britain, Conn., 4s,
Town of Ware, Mass., 4s,
of W inthrop, Mass., 3is,

00
00
00
00
00
00
00

00
00
00
00
00
00
00

$22,687 00

No. of
Shares.

Detailed Statement o f B ank Stocks.

66
19
100
20

F irst National Bank, Adams, .
State National Bank, Boston, .
F irst N ’l Bank, Easthampton,
Ham pshire Co. National Bank,
Northampton,
58 Northampton National Bank,
Northampton,
60 Pittsfield N at’l B’k, P ittsfield,,
60 Agawam N ’l B’k, Springfield,
111 Chapin N at’l B’k, Springfield,
100 Chicopee N ’l B’k, Springfield,
100 F irst N at’l Bank, Springfield, .
59 John Hancock National Bank,
Springfield, . . . .
89 Second N at’l Bank, Springfield,
163 Springfield N’l B’k. Springfield,
50 F irst N at’l Bank, Westfield, .


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

Par Value.

Estimated
Market Value.

$6,600
1,900
10,000

$7,920 00
2,869 00
10,000 00

$8,250 00
2,372 50
10,000 00

2,000

2,100 00

2,000 00

Amount Invested.

5,800
6,000
1,800
11,100
10,000
10,000

11,600
9,600
300
13,320
15,000
11,500

00
00
00
00
00
00

12,175 00
9,600 00

5,900
8,900
16,300
5,000

6,785
12,015
30,970
6,750

00
00
00
00

7,000
13,570
19,682
6,500

$101,300

-

12,765 00
16,500 00
12,622 00
00
00
00
00

$140,729 00 $133,036 50

No. 8.]

SAYINGS BANK COMMISSIONERS.

195

E a sth a m p to n S a v in g s B a n k — Continued.
Detailed Statement o f Street Railw ay Bonds.
Estimated
Market Value.

Amount Invested.

$6,000
7,000
5,000

$6,240 00
7,245 00
5,150 00

$6,000 00*
7,000 00*
5,000 00

$18,000

$18,635 00

Par Value.

Lowell & Suburban Street Railway
Co. 5 s , .............................................
N aum keag Street Railway Co. 5s, .
Springfield Street Railway Co. 4s, .

$18,000 00

* Legal investments when made.

Detailed Statement o f Railroad Bonds.
Par Value.

Boston & Maine R.R, 3ès,
Chic., Burlington & Quincy R.R. 3¿s,
Chic., Burlington & Quincy R.R. 4s,
Illinois Central R.R. 3s, .
Illinois Central R.R. 3¿s, .
New York, New Haven & Hartford
R.R. 3 è s , ....................................
New York, New Haven & Hartford
R.R. 4s...............................................
Princeton & Northwestern R.R. 3¿s,

$10,000
25,000
5,000
14,000
20,000

Estimated
Market Value.

$9,900
24,000
5,325
12,900
19,050

00
00
00
00
00

Amount Invested.

$10,000
24,000
5,000
11,825
19,000

00
00
00
00
00

10,000

9,725 00

9,700 00

5,000
6,000

5,300 00
5,850 00

5,000 00
5,700 00

$95,000

$92,050 00

$90,225 00

Total Am ount o f Loans, with Each Specified Rate o f Interest.
Rate.

Amount.

$15,750
20,201
5,303
28,375

42
62
61
00

3 per cent.
3¿
“
4
»
4¿
“


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

Amount.

$55,000
632,093
36,300
38,020

Rate.

00
12
00
50

4f per cent.
5

“

5¿
5è

“
“

Amount.

$900 00
55,606 30

Rate.

5f per cent.
6

“

REPORT OF THE

196

[Pub. Doc.

E a sth a m p to n S a v in g s B a n k — Concluded.
Value, by books, of real estate held or owned by foreclosure or otherwise,
Assessed value of the same...................................................................................
Number of loans which are of an amount not exceeding $3,000 each, 464
Aggregate amount of the s a m e , ......................................................................
Total number of loans upon real estate,
.
.
.
.
.
.
435
Amount of investments from which no income is received.............................
Gross amount of interest or profits received, as per books, during year
ending Oct. 3 1 ,1 9 0 5 ,........................................................................................
Times when dividends are payable, as fixed by the by-laws: fourth Tues­
day of January and July. Deposits commence to draw interest: fourth
Tuesday of January, April, July and October.
Rate and amount of each semi-annual dividend f 1 | per cent., $18,860 63 1
during the year ending Oct. 31, 1905,
.
1 1 | per cent.,
19,284 72 i
Number of accounts opened during the year ending Oct. 31, 1905, . 524
Number of accounts closed during the year ending Oct. 31, 1905,
. 369
Total number of open accounts Oct. 31, 1905,
. . . .
3,194
Total expenses of the corporation for the year ending Oct. 31, 1905 (ex­
clusive of taxes),
.
.
............................................ ........
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 5 ,........................................................................................
Number of s a m e , ............................................................................... 3,331
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 9 0 5 , ................................................................................................
Number of s a m e , ...............................................................................2,263
Date of examination by commissioner: September 18.


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

$19,133 42
11,565 00
481,106 09
2,397 13
53,732 91

38,145 35

3,977 36
192,282 33

200,623 93

No. 8.]

SAYINGS BANK COMMISSIONERS.

197

E A S T W E Y M O U T H S A V IN G S B A N K — E A S T W E Y M O U T H .

Incorporated Feb. 20, 1872.
N a t h a n D . Ca n t e r b u r y , President.
J o hn A . R ay m o n d , Treasurer.
J o h n A . R a y m o n d , Clerk o f the Corporation.

Names of committee charged with the investment of its funds:
N a t h a n D. Ca n t e r b u r y ,
J ohn W. B a t e s ,
E d m u n d G. B a t e s ,
T. H . E m e r so n ,

J o seph A . C u s h in g ,
C h a r l e s B. C u s h in g .

Open for business every business day, 2 to 5 p . m . ; except Saturdays during June,
July, August and September, 10 a . m . to 12 m .

B a la n c e S h e e t O c t . 31, 1905.

A ssets.

Public funds, as per schedule, .
Loan on public funds,
Bank stock, as per schedule,
Loans on bank stock,.
Railroad bonds, as per schedule,
Street railway bonds, as per
schedule,...................................
Real estate (for banking pur­
poses),
...................................
Real estate by foreclosure, etc.,
Loans on real estate, .
Loans on personal security,
Loans on depositors’ books,
Deposits in banks, on interest, .
Deposits in banks, not on interest,
Cash on hand, . . . .

L ia b il it ie s .

$43,000
7,000
13,603
2,400
69.000

00
00
50
00
00

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

$1,363,801 50
66,000 00
18,778 47

15.000 00
27,225
54,377
826,554
370,400
800
12,912
1,000
5,307

17
00
14
00
00
38
00
78

$1,448,579 97

$1,448,579 97

Cash on Deposit in Banks, amount in each : —
Eliot National Bank, Boston,
. .
. .
First National Bank, Boston..................................
Loan on Public Funds: —
$8,000 Town of Greenfield, Mass., 3^s,
3,000 Town of Sunderland, Mass., 3£s,


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

$6,150 70
7,761 68

•I

$7,000 00

REPORT OF THE

198

[Pub. Doc

E a s t W e y m o u th S a v in g s B a n k — Continued.
Loans on Bank Stock, amount on each : —
25 shares Waltham Trust Company, W a l t h a m , ............................... $2,000 00
5 shares Cape Cod National Bank, H a r w ic h ,........................................
400 00

Detailed Statement o f Public Funds.
Par Value.

City of Brockton, Mass., 4s,
of Cleveland, Ohio, 5s, .
of Detroit, Mich., 6s,
of Fort Wayne, Ind.. 4£s,
of Portland, Me., 6s,
Town of South Abington, Mass., 4s,
of T urner’s Falls, Mass., 4s,C
of Weymouth, Mass., 4s,

Estimated
Market Value.

$10,000
3,000
1,000
5,000
3,000
5,000
5,000
11,000

$10,250
3,045
1,005
5,337
3,131
5,143
5,093
11,385

00
00
00
50
25
75
75
00

$43,000

$44,391 25

Amount Invested.

$10,000
3,000
1,000
5,000
3,000
5,000
5,000
11,000

00
00*
00
00
00
00
00
00

$43,000 00

* A legal investm ent when made.

No. of
Shares.

Detailed Statement o f B ank Stocks.
Par Value.

5 First W ard N ’l Bank, Boston,
26 Freemans N at’l Bank, Boston,
20 Metropolitan N’l Bank, Boston,
25 N ’l B’k of Commerce, Boston,
20 State National Bank, Boston, .
25 Dedham Nat’l Bank, Boston, .
3 Salem National Bank, Salem, .
105 Union N at’l Bank, Weymouth,

Estimated
Market Value.

Amount Invested.

$875
2,704
2,360
3,800
3,020
2,700
240
525

$500
2,450
1,862
2,500
2,000
2,500
300
1,491

$500
2,600
2,000
2,500
2,000
2,500
300
1,575
$13,975

00
00
00
00
00
00
00
00

$16,224 00

00
00
50
00
00
00
00
00

$13,603 50

Detailed Statement o f Street R ailw ay Bonds.
Par Value.

Lynn & Boston Railroad Co. 5s,


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

$15,000

Estimated
Market Value.

Amount Invested.

$16,650 00

$15,000 00*

* A legal investm ent when made.

No. 8.]

199

SAYINGS BANK COMMISSIONERS.
E a s t W ey m o u th S a v in g s B a n k — Continued.
Detailed Statement o f Bailroad Bonds.
Estimated
Market Value.

Amount Invested.

$14,000
20,000
5,000

$14,682 50
21,350 00
5,012 50

$14,000 00
20,000 00
5,000 00

20,000
10,000

20,400 00
10,775 00

20,000 00
10,000 00

$69,000

$72,220 00

$69,000 00

Par Value.

Boston, Clinton, Fitchburg & New
Bedford R.R. 5s, .
Chic., Burlington & Quincy R.R. 4s,
Fitchburg R.R. 4s, .
New York, New Haven & Hartford
R.R. 4 s ,.............................................
U pper Coos R.R. 4¿s,

Total Amount o f Loans, with Each Specified Bate o f Interest.
Kate.

Amount.

$6,150
6,761
25,000
115,000
129,500

70
68
00
00
00

2 per cent.
2*
“
4
“
4i
“

4è

Kate.

Amount.

$55,000
534,789
63,750
10,000

00
51
00
00

4 | per cent.
5
“
5i
“
5|
“

Amount.

$266,109
2,640
5,065
300

Kate.

21
00
42
00

6 per cent.
6*
“
7
8
“

“

Amount invested in real estate for banking purposes,................................... $27,225 17
Estimated value of the s a m e , ......................................................................
27,225
Assessed value of the same, .
......................................................................
20,300
Value, by books, of other real estate held or owned by foreclosure or
o th e r w is e ,.........................................................................................................
54,377
Assessed value of the s a m e ,...............................................................................
65,390
Number of loans which are of an amount not exceeding $3,000 each, 432
Aggregate amount of the same, .
..............................................................
533,551
Total number of loans upon real e s t a t e , ............................................481
Gross amount of interest or profits received, as per books, during year
ending Oct. 31, 1 9 0 5 ,........................................................................................
62,056
Times when dividends are payable, as fixed by the by-laws : tenth day
of April and October. Deposits commence to draw interest: tenth
day of January, April, July and October.
Rate and amount of each semi-annual dividend t 2 per cent., $24,694 87 ) gg g9g
during the year ending Oct. 31, 1905,
.
c 2 per cent.,
25,630 57 i
’
Number of accounts opened during thé year ending Oct. 31, 1905,
. 456
Number of accounts closed during the year ending Oct. 31, 1905,
. 289
Total number of open accounts Oct. 31, 1905,
. . . .
3,171


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

17
00
00
00
14r

48

^

REPOET OF THE

200

[Pub. Doc.

E a s t W e y m o u th S a v in g s B a n k — Concluded.
Total expenses of the corporation for the year ending Oct. 31, 1905 (ex­
clusive of taxes),
............................................................. ,
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 5 ,........................................................................................
Number of s a m e , ...............................................................................2,428
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 9 0 5 , ................................................................................................
Number of s a m e , ...............................................................................2,226
Date of examination by commissioner : October 16.


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

$3,207 12
217,010 52

165,963 30

No. 8.]

SAYINGS BANK COMMISSIONERS.

201

E L IO T F I V E C E N T S S A V IN G S B A N K — BO ST O N .

Incorporated Feb. 4, 1864.
J ohn Ca r r , President.
F r a n k E. G r a n g e r , Treasurer.
J ohn F . N ew t o n , Clerk o f the Corporation.

Names of committee charged with the investment of its funds:
J o h n Ca r r ,
G orham R o g ers ,
G r e e n l e a f C. G eo r g e ,

S a m u e l B . H o p k in s ,
W il l ia m S . L e l a n d ,
G eorge E. B u l l a r d .

Open for business every business day except Saturdays, 9 a .m . to 3*p .m . ; Saturdays,
9 a . m . to 12 M .

B a la n c e S h e e t O c t . 31, 1905.

A ssets.

Public funds, as per schedule, .
Bank stock, as per schedule,
Loans on bank stock,
Railroad bonds, as per schedule,
Street railway bonds, as per
schedule......................................
Real estate by foreclosure, etc.,
Loans on real estate, .
Loans on personal security,
Deposits in banks, on interest, .
Deposits in banks, noton interest,
Expense account,

L ia b il it ie s .

$567,500
20,100
1,300
1,268,918

00
00
00
75

90,000
31,898
2,512,776
1,558,000
172,659
5,000
1,100

00
07
34
00
55
00
00

$6,229,252 71

Deposits, .
Guaranty fund,
Interest account,
Profit and loss ac­
count, .
Real estate income
account,
Tax account, .
Short and surplus ac­
count, .

$5,953,638 42
220,103 27
1,523 57
44,403 11
1,331 10
8,200 00
53 24

$6,229,252 71

Cash on Deposit in Banks, amount in each :—
First National Bank, B o s t o n , ......................................................................$77,855 56
Peoples National Bank, B oston ,......................................................................
99,803 99
Loans on Bank Stock, amount on each: —
10 shares National Exchange Bank, B o s t o n , ............................................$1,000 00
6 shares Peoples National Bank, B o sto n ,.................................................
300 00


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Federal Reserve Bank of St. Louis

202

REPORT OF THE

[Pub. Doc.

E lio t F iv e C en ts S a v in g s B an k — Continued.
Detailed Statement o f Public Funds.

Massachusetts 3s,
Massachusetts 3£s, . . . .
City of Boston, Mass., 3£s,
of Boston, Mass , 5s,
of Cambridge, Mass., 4s, .
of Dayton, Ohio, 4 s,.
of Fall River, Mass., 3£s,
of Gloucester, Mass., 3^s,
of Haverhill, Mass., 4s, .
of Holyoke, Mass., 4s,
of Marlborough, Mass., 4s,
of New Bedford, Mass., 3^s, .
of Newton, Mass , 3ès,
of Newburyport, Mass., 3és, .
of Salem, Mass., 3^s,
of W altham, Mass., 3£s, .
of W illimantic, Conn., 4s,

Par Value.

Estimated
Market Value.

$100,000
25,000
125,000
25,000
25,000
25,000
25,000
26,000
25,000
20,000
9,000
28,000
13,000
39,000
7,500
25,000
25,000

$96,350
25,875
126,125
25,375
25,562
26,750
25,250
26,130
25,750
20,450
9,315
28,280
13,097
39,285
7,500
25,250
27,000

Amount Invested.

00 $100,000 00
00
25,000 00
00
125,000 00
00
25,000 00
50
25,000 00
00
25,000 00
00
25,000 00
00
26,000 00
00
25,000 00
00
20,000 00
00
9,000 00
00
28,000 00
50
13,000 00
00
39,000 00
00
7,500 00
00
25,000 00
00
25,000 00

$567,500 $573,345 00 $567,500 00

Detailed Statement o f B ank Stocks.
8- rf

©©
^ cc
30
171

Merchants N at’l Bank, Boston,
Peoples N at’l Bank, Boston, .

Par Value.

Estimated
Market Value.

$3,000
17,100

$6,060 00
21,375 00

$3,000 00
17,100 00

$20,100

$27,435 00

$20,100 00

Amount Invested.

Detailed Statement o f Street R ailw ay Bonds.
Estimated
Market Value.

Amount Invested.

$20,000
60,000
10,000

$20,200 00
63.600 00
10.600 00

$20,000 00
60,000 00
10,000 00

$90,000

$94,400 00

$90,000 00

Par Value.

Boston Consolidated Street Railway
Co. 5 s , .............................................
W est End Street Railway Co. 4s,
W est End Street Railway Co. 4^s, .


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Federal Reserve Bank of St. Louis

No. 8.]

203

SAYINGS BANK COMMISSIONERS
E lio t F iv e C en ts S av in g s B a n k — Continued.
Detailed Statement o f Railroad Bonds.

Boston & Albany R.R. 4s,
Boston, Clinton, Fitchburg & New
Bedford R.R. 5s., . . . .
Boston & Lowell R.R. 3is,
Boston & Lowell R.R. 4s,
Boston & Maine R.R. 3£s,
Boston & Maine R.R. 4s, .
Boston & Providence R.R. 4s, .
Chic., Burlington & Quincy R.R. 3¿s,
Chic., Burlington & Quincy R.R. 4s,
Chicago & Northwestern R.R. 5s, .
Concord & Montreal R.R. 4s, .
Conn. & Passumpsic Rivers R.R. 4s,
Connecticut River R.R. 4s,
Erie & Pittsburgh R.R. 3ès,
Fitchburg R.R. 3¿s, . . . .
Fitchburg R.R. 4s, .
Illinois Central R.R. 3s, .
Illinois Central R.R. 3¿s, .
Maine Central R.R. 4¿s, .
Michigan Central R.R, 3¿s,
Newport & Richford R.R. 5s, .
New York Central & Hudson River
R R. 3 ¿ s , ....................................
N. Y. & N. E. R.R. (term inal) 4s, .
New York, New Haven & Hartford,
R.R. 3ès,
....................................
New York, New Haven & Hartford
R.R. 4 s ,.............................................
Old Colony R.R. 4 s ,.
Peoria & Northwestern R.R. 3¿s,
W ashington County R.R. 3¿s, .
W orcester, Nashua & Roch. R.R. 4s,

Par Value.

Estimated
Market Value.

Amount Invested.

$50,000

$51,500 00

$50,000 00

11,605
49,500
51,000
99,000
26,750
26,000
95,500
26,625
21,787
52,000
27,125
27,125
24,750
24,750
26,250
20,750
94,000
52,375
24,500
23,210

11,000
50,000
50,000
100,000
25,000
25,000
100,000
25,000
21,000
50,000
25,000
25,000
25,000
25,000
25,000
25,000
100,000
50,000
25,000
22,000

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

11,000
50,000
50,000
99,156
25,000
25,000
96,125
25,000
21,000
50,000
25,000
25,000
25,000
25,000
25,000
25,000
100,000
50,000
24,750
22,000

00
00
00
25
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00*

75,000
75,000

74,062 50
92,375 00

74,500 00
75,000 00

30,000

28,725 00

29,325 00

53,000
115,000
25,000
25,000
25,000

56,307
121,625
24,250
23,500
25,300

50
00
00
00
00

53,000
115,000
24,312
23,750
25,000

00
00
50
00
00

$1,277,000 $1,302,247 50 $1,268,918 75
* A legal investment when made.

Total Amount o f Loans, with Each Specified Bate o f Interest.
Amount.

$172,659
100,000
58.000
330,000
25.000

Rate.

55
00
00
00
00

2 per cent.
3

H

33
3Ï


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

“
“
“

Rate.

Amount.

$1,748,800
171,000
1,127,535
25,000

00
00
00
00

4 per cent.
4^
“
4Ï
“
4|

Rate.

Amount.

$477,041
1,500
1,300
6,900

34
00
00
00

5 per cent.
5J
“
H
“
6
“

204

REPORT OF THE

[Pub. Doc.

E lio t F iv e C en ts S av in g s B a n k — Concluded.
Value, by books, of real estate held or owned by foreclosure or otherwise,
$31,898
Assessed value of the s a m e ,...............................................................................
36,200
Net income received from same during the year ending Oct. 31, 1905,
837
Number of loans which are of an amount not exceeding $3,000 each, 262
Aggregate amount of the s a m e , ......................................................................
458,426
Total number of loans upon real e s t a t e , ............................................ 543
Amount of investments from which no income is received,
5,000
Gross amount of interest or profits received, as per books, during year
ending Oct. 31, 1905............................................................................................
244,095
Times when dividends are payable, as fixed by the by-laws : Thursday fol­
lowing second Wednesday of April and October. Deposits commence to
draw interest: second Wednesday of January, April, July and October.
Rate and amount of each semi-annual dividend f 1| per cent., $94,748 87
I 192,364
during the year ending Oct. 31, 1905,
.
1 1| per cent., 97,616 00
Number of accounts opened during the year ending Oct. 31, 1905,
2,233
Number of accounts closed during the year ending Oct. 31, 1905,
1,706
Total number of open accounts Oct. 31, 1905,
. . . .
17,072
Total expenses of the corporation for the year ending Oct. 31, 1905 (ex­
clusive of taxes)..................................................................................................
16,210
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 5 ,........................................................................................ 1,093,219
Number of s a m e , ............................................................................... 19,025
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 9 0 5 , ................................................................................................
960,734
Number of same....................................................................................14,556
Date of examination by commissioner: February 27.


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

07
00
69
34
00

49

87

93
75

01

No. 8.]

SAYINGS BANK COMMISSIONERS

205

E S S E X S A V IN G S B A N K — L A W R E N C E .
Incorporated March 15, 1847.
W a l t e r E. P a r k e r , President.
A l b e r t I. C otjch, Treasurer.
A l b e r t I. Couch , Clerk o f the Corporation.

Names of committee charged with the investment of its funds:
J o se p h S h attuck ,
W a l t e r E. P a r k e r ,
H e n r y K. W e b s t e r ,
J u st in E. V a r n e y .

Open for business every business day, 9 a .m . to 1 p . m . ; also Saturdays, 2 to 4 p . m .

B a la n c e S h e e t O ct . 31, 1905.

A ssets.

L ia b il it ie s .

Public funds, as per schedule, . $1,194,000 00
Bank stock, as per schedule,
137,700 00
Loans on bank stock,.
5,250 00
Railroad bonds, as per schedule, 1,375,000 00
Street railway bonds, as per
schedule,...................................
150.000 00
Loan on railroad stock,
100.000 00
Real estate (for banking pur­
poses),
...................................
30.000 00
Loans on real estate, .
5,031,245 00
Loans on personal security,
2,317,550 00
Loans to counties, cities or towns
( n o t e s ) , ...................................
91.000 00
Deposits in banks, on interest, .
70,300 28
Cash on hand, . . . .
33,869 22
$10,535,914 50

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

$9,611,357 68
480.000 00
99,556 82
345.000 00

$10,535,914 50

Cash on Deposit in Banks, amount in each : —
First National Bank, B o s t o n , ...................................................................... $25,537 99
Winthrop National Bank, Boston.....................................................................
34,762 29
Bay State National Bank, Lawrence,.............................................................
10,000 00
Loans on Bank Stock, amount on each : —
20 shares Merchants National Bank, Lawrence,............................................$1,750 00
35 shares Merchants National Bank, L a w r e n c e , ................................... 1
g ^qq
6 shares Andover National Bank, A n d o v e r , ............................................ )
’
Loan on Railroad Stock: —
1,000 shares Boston & Maine R.R.


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Federal Reserve Bank of St. Louis

qq

$100,000 00

206

REPORT OF THE

[Pub. Doc.

E s s e x S a v in g s B a n k — Continued.
Detailed Statement o f Public Funds.
Par Value.

Massachusetts 3£s, . . . .
City of Boston, Mass., 3£s,
of Brockton, Mass., 4s,
of Chicago, 111., 4s, .
of Fall River, Mass., 3£s,.
of Holyoke, Mass., 4s,
of Indianapolis, Ind., 4s, .
of Lawrence, Mass., 4s, .
of Newton, Mass., 4s,
of Saginaw, Mich., 4s,
of Troy, N. Y., 4s, .
Town of North Andover, Mass., 4s,

Estimated
Market Value.

Amount Invested.

$140,000 f 147,500 00 $140,000 00
200,000 204,500 00 200,000 00
16,000
16,080 00
16,000 00
135,000
139,725 00
135,000 00
50,000
50,250 00
50,000 00
50,000
52,500 00
50,000 00
200,000 214,000 00 200,000 00
193,000 200,020 00
193,000 00
100,000
108,000 00
100,000 00
50,000
51,750 00
50,000.00*
30,000
31,500 00
30,000 00
30,000
30,250 00
30,000 00
11,194,000 $1,246,075 00 $1,194,000 00

* A legal Investment when made.

No. of
Shares.

Detailed Statement o f B ank Stocks.

40 Atlantic N at’l Bank, Boston, .
120 Continental ,N ’l Bank, Boston,
122 First National Bank, Boston, .
200 Merchants N at’l Bank, Boston,
75 N ’l B’k of Commerce, Boston,
250 N ’lB ’k o f the Republic, Boston,
100 N at’l Shawmut Bank, Boston,.
10 National Union Bank, Boston,
109 State National Bank, Boston, .
146 W ebster and Atlas National
Bank, Boston,
300 Bay State N’l Bank, Lawrence,
100 Lawrence N’l Bank, Lawrence,


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Federal Reserve Bank of St. Louis

Par Value.

$4,000

Estimated
Market Value.

12,200
20,000
7,500
25,000
10,000
1,000
10,900

$5,400
100
33,550
40,400
11,400
40,500
26,000
1,800
16,459

14,600
22,500
10,000

20,732 00
34,500 00
11,500 00

-

00
00
00
00
00
00
00
00
00

Amount Invested.

$4,000 00

_

12,200
20,000
7,500
25,000
10,000
1,000
10,900

00
00
00
00
00
00
00

14,600 00
22,500 00
10,000 00

$137,700 $242,341 00 $137,700 00

No. 8.]

SAYINGS BANK COMMISSIONERS.

207

E s s e x S a v in g s B a n k — Continued.
Detailed Statement o f Street Railway Bonds.

Merrimac Yalley Street Railway
Co. 5 s , .............................................
W est End Street Railway Co. 4s, .

Par Value.

Estimated
Market Value.

Amount Invested.

$50,000
100,000

$52,500 00
106,250 00

$50,000 00*
100,000 00

$150,000 $158,750 00 $150,000 00
*

A legal Investment when made.

Detailed Statement o f Railroad Bonds.
Par Value.

Boston & Albany R R. 3is,
Boston & Maine R.R. 4£s,
Burlington & Missouri River R.R. 6s,
Cedar Rapids & Missouri River R.R.
7 s , ......................................................
Chicago & Northwestern R.R. 5s, .
Chicago & Northwestern R.R. 7s, .
Cleveland & Pittsburgh R.R. 4ès, .
Concoi'd & Montreal R.R. 4s, .
Eastern R.R. 6s,
. . .
Fitchburg R R. 5s, .
Fremont, Elkhorn & Missouri Yalley
R.R. 6 s , .............................................
Hannibal & St. Joseph R.R. 6s,
Maine Central R.R. 4s,
Milwaukee, Lake Shore & W estern
R R. 5 s ,.............................................
New London Northern R.R 5s,
New York, Lackawanna & W estern
R R. 6s, .
.
.
.
.
.
New York, New Haven & H artford
R.R. 4s...................................... .........
U pper Coos R.R. 4£s,
W orcester, Nashua & Roeh. R.R. 4s,


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

Estimated
Market Value.

Amount Invested.

$100,000 $100,000 00 $100,000 00
50,000
59,000 00
50,000 00
40,000
45,000 00
40,000 00
30,000
20,000
50,000
75,000
200,000
60,000
100,000

38,550
23,600
64,000
87,750
210,000
60,900
103,000

00
00
00
00
00
00
00

70,000
50,000
100,000

98,000 00
56,250 00
101,500 00

70,000 00
50,000 00
100,000 00

50,000
40,000

60,000 00
42,000 00

50,000 00
40,000 00

100,000

129,000 00

100,000 00

200,000
20,000
20,000

211,500 00
22,100 00
20,000 00

200,000 00
20,000 00
20,000 00

30,000
20,000
50,000
75,000
200,000
60,000
100,000

00
00
00
00
00
00
00

$1,375,000 $1,532,150 00 $1,375,000 00

REPORT OF THE

208

[Pub. Doc

E s s e s S a v in g s B a n k — Concluded.
Total Am ount o f Loans, with Each Specified Rate o f Interest.
Amount.

$70,300
129.000
220.000
173,000

Kate.

28
00
00
00

2^ per cent.
3è
“
3|
“
3£
“

Amount.

$2,447,920
752.000
1,333,400
100.000

Kate.

00
00
00
00

4 per cent.
4\

“

4Ï
4§

“
»

Amount.

$10,500
2,333,475
3,400
42,350

Kate.

00
00
00
00

4 | per cent.
5
“
5è
“
6
“

Amount invested in real estate for banking purposes,................................... $30,000
Estimated value of the s a m e , ......................................................................
50,000
Assessed value of the s a m e ,...............................................................................
36,825
Net income received from same during year ending Oct. 31, 1905, .
.
417
Number of loans which are of an amount not exceeding $3,000 each, 647
Aggregate amount of the s a m e , ......................................................................
909,050
Total number of loans upon real e s t a t e , ............................................ 974
Gross amount of interest or profits received, as per books, during year
ending Oct. 31, 1 9 0 5 ,........................................................................................
455,894
Times when dividends are payable, as fixed by the by-laws : third Wednes­
day of April and October. Deposits commence to draw interest : third
Wednesday of January, April, July and October.
Rate and amount of each semi-annual dividend f 2 per cent., $177,271 07 1 ggy qqq
during the year ending Oct. 31, 1905,
.
1 2 per cent.,
180,679 75 1
Number of accounts opened during the year ending Oct. 31, 1905,
4,032
Number of accounts closed during the year ending Oct. 31, 1905,
3,427
Total number of open accounts Oct. 31, 1905,
. . . .
25,094
Total expenses of the corporation for the year ending Oct. 31, 1905 (ex­
clusive of ta x es),.........................................................................................................16,854
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 5 ,........................................................................................ 1,829,173
Number of s a m e , ...............................................................................
33,674
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1905......................................................................................................... 1,721,676
Number of same....................................................................................
20,339
Date of examination by commissioner : February 21.


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

00
00
00

41
00

08

82

24
39

01

No. 8.]

SAYINGS BANK COMMISSIONERS

209

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

Incorporated March 1, 1889.
J a m e s P. S t e w a r t , President.
S a m u e l P. Ca n n e l l , Treasurer.
H e n r y K . V e a z ie , Clerk o f the Corporation.

Names of committee charged with the investment of its funds :
S a m u e l P . Ca n n e l l ,
G eorge W . P l a is t e d ,
W o o dbury A. H am ,
D a n ie l B. F e s s e n d e n ,
J oseph W . P h il b r ic k .

Open for business every business day, 2 to 4 p . m . ; also Saturdays, 7.30 to 8.30 p .m .

B a la n c e S h e e t O c t . 31, 1905.

A ssets.

Public funds, as per schedule, .
Railroad bonds, as per schedule,
Street railway bonds, as per
schedule,...................................
Real estate (for banking pur­
poses), ...................................
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
( n o t e s ) , ...................................
Deposits in banks, on interest, .
Deposits in banks, not on interest,
Furniture and fixtures,
Cash on hand, . . . .

L ia b il it ie s .

$10,000 00
54,250 00
10,000 00
21,500 00
333,800 00
15,000 00
57,038
43,978
160
1,000
1,645

Deposits, .
Guaranty fund,
Interest account,
Profit and loss account, .
D u e on mortgage
loans, .

$529,938 73
11,000 00
636 70
5,797 15
1,000 00

00
84
36
00
38

$548,372 58

$548,372 58

Cash on Deposit in Banks, amount in each : —
National Security Bank, Boston,...................................................................... $4,016 38
Winthrop National Bank, Boston.....................................................................
16,478 84
Mercantile Trust Company, B o s t o n ,.............................................................
4,020 20
First National Bank, C h e l s e a , ......................................................................
6,52137
Winnisimmet National Bank, C h e l s e a , .....................................................
5,018 20
First National Bank, M a l d e n , ......................................................................
8,084 21


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

[Pub. Doc.

REPORT OF THE

210

E v e r e tt S a v in g s B an k — Continued.
Detailed Statement o f Public Funds.

City of Quincy, Mass., 4s,

Par Value.

Estimated
Market Value.

Amount Invested.

$10,000

$10,262 50

$10,000 00

Detailed Statement o f Street Railway Bonds.
Par Value.

W est End Street Railway Co. 4s,

.

$10,000

Estimated
Market Value.

Amount Invested.

$10,310 50

$10,000 00

Detailed Statement o f Railroad Bonds.
Par Value.

Boston, Clinton, F itchburg & New
Bedford R.R. 5s...............................
Boston & Lowell R.R. 4s,
Chic., Burlington & Quincy R.R. 4s,
Illinois Central R.R. 3 ¿s,.
New York, New Haven & H artford
R.R. Sis,
....................................
New York, New Haven & H artford
R.R. 4 s ,.............................................

$5,000
10,000
10,000
10,000

Estimated
Market Value.

$5,243
10,037
10,675
9,450

75
50
00
00

Amount Invested.

$5,000
10,000
10,000
9,512

00
00
00
50

10,000

9,650 00

9,737 50

10,000

10,200 00

10,000 00

$55,000

$55,256 25

$54,250 00

Total Am ount of Loans, with Each Specified Rate o f Interest.
Rate.

Amount.

2 per cent.
2i
“
34
“
3|

$12,738
85,400
15,000
8,900

Amount.

$28,478
15,500
1,000
5,100

84
00
00
00


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

00
00
00
00

Rate.

Amount.

Rate.

3J per cent.
4
“
44
“
4i
“

$217,450 00
17,400 00
42,850 00

5 per cent.
5h
“
6

“

No. 8.]

SAYINGS BANK COMMISSIONERS.

211

E v e r e tt S av in g s B an k — Concluded.
Amount invested in real estate for banking purposes,................................... $21,500 00
Estimated value of the s a m e , ......................................................................
21 500 00
Assessed value of the same.................................................................................. ......... 500 00
Net income received from same during year ending Oct. 31, 1905, .
.
219 70
Number of loans which are of an amount not exceeding $3,000 each, 148
Aggregate amount of the same............................................................................
219,700 00
Total number of loans upon real e s t a t e , ............................................140
Gross amount of interest or profits received, as per books, during year
ending Oct. 31, 1 9 0 5 ,.......................................................................................
22,760 44
Times when dividends are payable, as fixed by the by-laws: next day
following the second Wednesday of April and October. Deposits com­
mence to draw interest: second Wednesday of January, April, July and
October.
Rate and amount of each semi-annual dividend ( If per cent., $7,655 53 i
during the year ending Oct. 31, 1905,
.
1 If per cent.,
8,133 23 1
>788 76
Number of accounts opened during the year ending Oct. 31, 1905, . 741
Number of accounts closed during the year ending Oct. 31, 1905,
. 335
Total number of open accounts Oct. 31, 1905,
. . . .
3,219
Total expenses of the corporation for the year ending Oct. 31, 1905 (ex­
clusive of taxes).................................................................................................
2,88896
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1905, ........................................................................................
198,067 49
Number of s a m e , ...............................................................................5 537
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 9 0 5 , ................................................................................................
153,477 12
Number of s a m e , ...............................................................................
2 947
Date of examination by commissioner : January 2.


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Federal Reserve Bank of St. Louis

[Pub. Doc

REPOET OF THE

212

P A IE H A V E N IN S T IT U T IO N F O R S A V IN G S — F A IR H A V E N .

Incorporated Feb. 10, 1832.
T h o m a s A. T r i p p , President.
C h a r l e s H. M o r t o n , Treasurer.
C h a r l e s H. M o r t o n , Clerk o f the Corporation.

Names of committee charged with the investment of its funds :
L e v i M . Sn o w ,
T hom as A . T r ip p ,
J o h n B. H u s s e y ,
G e o r g e B. L u t h e r ,
W alter H . J udd.

Open for business every business d a y , 9 a .m . to 1 p . m .

B alance S heet O ct. 31, 1905.

L ia b il it ie s .

A ssets.

Public funds, as per schedule, .
Bank stock, as per schedule,
Loans on bank stock,
Railroad bonds, as per schedule,
Railroad notes, . . . .
Real estate (for banking pur­
poses),
...................................
Real estate by foreclosure, etc.,
Loans on real estate, .
Loans on personal security,
Deposit in bank, on interest,
Deposit in bank, not on interest,
Cash on hand, . . . .

$21,000
42,960
435
88,310
20,000

00
00
00
00
00

4,500
11,920
382,996
86,655
33,181
4,000
50

00
98
65
00
07
00
32

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

$696,009 02

$677,079 69
13,435 00
340 25
5,154 08

$696,009 02

Cash on Deposit in Bank : —
National Bank of Fairhaven, Fairhaven..........................................................$37,181 07*
Loans on Bank Stock, amount on each : —
9 shares National Bank of Fairhaven, F a ir h a v e n , ................................... $400 00
1 share National Bank of Fairhaven, F a i r h a v e n , ...................................
35 00

* This amount, in excess of the legal limit, has since been reduced.

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Federal Reserve Bank of St. Louis

No. 8.]

213

SAVINGS BANK COMMISSIONERS.
F a ir h a v e n In stitu tio n for S av in g s — Continued.
D e ta ile d S ta te m e n t o f P u b lic F u n d s .
Estimated
Market Value.

Amount Invested.

$10,000
9,000
2,000

$10,333 00
9,000 00
2,130 00

$10,000 00
9,000 00
2,000 00

$21,000

$21,463 00

$21,000 00

Par Value.

City of Chicago, 111., 4s, .
Town of W atertown, Mass., 3£s,
of Revere, Mass., 4s,

D e ta ile d S ta te m e n t o f B a n k S to c k s.

O
O
50
60
22
211
90
68
13

Estimated
Market Value.

Eliot National Bank, Boston, .
N ’l B’k of the Republic, Boston,
State National Bank, Boston, .
National Bank of Fairhaven,
Fairhaven, . . . .
First N’l Bank, New Bedford,
Mechanics N at’l Bank, New
Bedford,
. . . .
Merchants N at’l Bank, New
Bedford,
. . . .

$5,000
6,000
2,200

$10,000 00
9,720 00
3,322 00

$5,000 00
6,000 00
2,200 00

16,880
9,000

14,770 00
12,240 00

12,660 00
9,000 00

6,800

10,132 00

6,800 00

1,300

2,613 00

1,800 00

$47,180

$62,797 00

$42,960 00

D e ta ile d S ta te m e n t o f R a ilr o a d B o n d s.

Par Value.

Boston & Lowell R.R. 4s,
Boston & Maine R.R. 3s, .
Boston & Maine R.R. 3ès,
Concord & Montreal R.R. 4s, .
Fitchburg R.R. 3¿s, . . . .
Illinois Central R.R. 3 è s,.
Minnesota & Iowa R.R. 3¿s, .
New York Central & Hudson River
R.R. 3ès.............................................
New York, New Haven & Hartford
R.R. 3 è s , ....................................
New York, New Haven & H artford
R.R. 4 s ,.............................................
Peoria & Northwestern R.R. 3ès, .


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

$10,000
10,000
10,000
3,000
10,000
20,000
2,000

Estimated
Market Value.

$10,200
8,700
10,003
3,120
9,900
19,062
1,970

00
00
04
00
00
50
00

Amount Invested.

$10,000
9,175
10,000
3,000
10,000
19,493
1,947

00
00
00
00
00
75
50

5,000

4,937 50

4,918 75

10,000

9,565 14

10,000 00

5,000
5,000

5,375 00
4,725 00

5,000 00
4,775 00

$90,000

$87,558 18

$88,310 00

214

REPORT OF THE

[Pub. Doc

F a ir h a v e n In stitu tio n for S av in g s — Concluded.
T o ta l A m o u n t o f L o a n s , w ith E a c h S p e c ifie d R a te o f I n te r e s t.

Amount.

$33,181 07
20,000 00
10,000 00

Rate.

2 per cent.
4
“
4i
“

Amount.

$33,000 00
20,000 00
223,150 00

Rate.

4£ per cent.
4|
“
5
«

Amount.

$79,289 55
104,147 10
500 00

Rate.

5£ per cent.
6
“
6à

“

Amount invested in real estate for banking purposes,...................................
$4,500 00
Estimated value of the s a m e , ......................................................................
6,000 00
Assessed value of the s a m e ,...............................................................................
3,800 00
Value, by books, of other real estate held or owned by foreclosure or
o th e r w is e ,.........................................................................................................
11,920 98
Assessed value of the same, ...............................................................................
4,460 00
Number of loans which are of an amount not exceeding $3,000 each, 241
Aggregate amount of the s a m e , ......................................................................
248,759 05
Total number of loans upon real estate......................................................262
Amount of investments from which no income is received,
6,746 00
Gross amount of interest or profits received, as per books, during year
ending Oct. 31, 1 9 0 5 ,........................................................................................
31,326 57
Times when dividends are payable, as fixed by the by-laws: last Monday
of April and October. Deposits commence to draw interest: last Mon­
day of January, April, July and October.
Rate and amount of each semi-annual dividend f 2 per cent., $11,989 58 )
24,344 29
during the year ending Oct. 31, 1905,
.
1 2 per cent.,
12,354 71 1
Number of accounts opened during the year ending Oct. 31, 1905, . 254
Number of accounts closed during the year ending Oct. 31, 1905,
. 138
Total number of open accounts Oct. 31, 1905,
. . . .
1,302
Total expenses of the corporation for the year ending Oct. 31, 1905 (ex­
clusive of taxes),
............................................ ...........................................
2,666 48
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 5 ,........................................................................................
160,899 18
Number of s a m e , ............................................................................... 1,100
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 9 0 5 , ................................................................................................
115,002 10
Number of s a m e , .......................................................................................866
Date of examination by commissioner: August 24.


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Federal Reserve Bank of St. Louis

No. 8.]

SAYINGS BANK COMMISSIONERS.

215

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

Incorporated March 11, 1828.
R o b e r t H e n r y , President.
C h a r l e s A . B a s s e t t , Treasurer.
N e w t o n R . E a r l , Clerk o f the Corporation.

Names of committee charged with the investment of its funds:
C h a r l e s M. A l l e n ,
H e n r y C. H a w k in s ,
R obert H en ry ,
L. E l m e r W o o d ,
D a v id J. B u r d ic k .

Open for business every business day, 9 a . m . to 2 p . m .

B alance S heet O ct. 31, 1905.

A ssets.

Public funds, as per schedule, .
Bank stock, as per schedule,
Loans on bank stock,
Railroad bonds, as per schedule,
Boston Terminal Co. bonds,
Real estate (for banking pur­
poses), ...................................
Real estate by foreclosure, etc.,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
(notes).........................................
Deposits in banks, on interest, .
Expense account,
Cash on hand, . . . .

L ia b il it ie s .

$626,000
380,500
4,150
1,802,000
200,000

00
00
00
00
00

30.000
10,400
3,378.574
1,832,900

00
00
00
00

20.000
45,142
1,679
11,244

00
85
81
67

$8,342,591 33

Deposits, .
Guaranty fund,
Interest account,
Profit and loss ac­
count, .
Due on m o r t g a g e
loans,

$7,728,624 68
395,000 00
53,120 65
163,182 00
2,664 00

$8,342,591 33

Cash on Deposit in Banks, amount in each : —
First National Bank, B o s t o n , ...................................................................... $3,142 85
Fall River National Bank, Fall R i v e r , .....................................................
7,000 00
Massasoit-Pocasset National Bank, Fall R iv e r,............................................
35,000 00


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Federal Reserve Bank of St. Louis

216

REPOET OF THE

[Pub. Doc

P a ll R iv er S a v in g s B an k — Continued.
Loans on Bank Stock, amount on each : —
50 shares Fall River National Bank, Fall R i v e r , ................................... §4,000 00
6 shares Fall River National Bank, Fall R i v e r , ...................................
150 00

D e ta ile d S ta te m e n t o f P u b lic F u n d s .

Par Value.

City of
of
of
of
of
of
of
of

Boston, Mass., 4s,
Boston, Mass,, 5s,
Cambridge, Mass., 4 s ,.
Chicago, 111., 4s, .
Lynn, Mass., 4s, .
Troy, N. Y., 4s, .
W altham, Mass., 4s,
Worcester, Mass., 4s, .

Estimated
Market Value.

Amount Invested.

$200,000 $210,000 00 $200,000 00
5.000
5,075 00
5.000 00
80,000
81,600 00
80,000 00
200,000 206,825 00 200,000 00
10,000
10,300 00
10,000 00
100,000
106,715 00
100,000 00
6.000
6,045 00
6.000 00
25,000
26,250 00
25,000 00
$626,000 $652,810 00 $626,000 00

No. of
Shares.

D e ta ile d S ta te m e n t o f B a n k S to ck s.

150
55
400
160
3
150
232
85
715
50
650
935
220

Par Value.

Eliot National Bank, Boston, .
F irst National Bank, Boston, .
Faneuil Hall N ’l Bank, Boston,
Merchants N at’l Bank, Boston,
N’l Bank of Commerce, Boston,
N at’l Shawmut Bank, Boston,
Second National Bank, Boston,
State National Bank, Boston, .
Fall River N ’l B’k, Fall River,
First Nat’l Bank, Fall River, .
Massasoit-Pocasset N at’l B’k,
Fall River................................
Metacomet N’l B’k, Fall River,
Merchants Nat’l Bank, New
Bedford,
. . . .


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

$15,000
5,500
40,000
16,000
300
15,000
23,200
8,500
71,500
5,000

Estimated
Market Value.

$30,000
15,125
52,400
32,320
456
39,000
49,416
12,835
92,950
8,750

00
00
00
00
00
00
00
00
00
00

Amount Invested.

$15,000
5,500
40,000
16,000
300
15,000
23,200
8,500
71,500
5,000

00
00
00
00
00
00
00
00
00
00

65,000
93,500

107,250 00
126,225 00

65,000 00
93,500 00

22,000

44,220 00

22,000 00

$380,500 $610,947 00 $380,500 00

No. 8.]

217

SAVINGS BANK COMMISSIONERS.
F a ll R iv er S a v in g s B a n k — Continued.
D e ta ile d S ta te m e n t o f R a ilr o a d B o n d s.
Estimated
Market Value.

Amount Invested.

$70,000

oo
o

00

$70,000 00

50,000
25,000
60,000
150,000
50,000
25,000
50,000

52,250
25,625
70,200
156,000
58,000
25,687
51,875

00
00
00
00
00
50
00

50,000
25,000
60,000
150,000
50,000
25,000
50,000

00
00
00
00
00
00
00

25,000
100,000
200,000
100,000
35,000

34,750
111,000
210,000
104,250
37,100

00
00
00
00
00

25,000
100,000
200,000
100,000
35,000

00
00
00
00
00

Par Value.

Albany & Susquehanna R.R. 6s,
Boston, Clinton, Fitchburg & New
Bedford R.R. 5s...............................
Boston & Lowell R.R. 4s,
Boston & Maine R R. 4¿s,
Chic., Burlington & Quincy R.R. 4s,
Chicago & Northwestern R.R. 7s, .
Concord & Montreal R.R. 4s, .
Fitchburg R.R. 4s, .
Fremont, Elkhorn & Missouri Valley R R. 6 s , ....................................
Hannibal & St. Joseph R.R. 6s,
Illinois Central R.R. 4s, .
Maine Central R.R 4¿s, .
Michigan Central R.R. 4s,
Milwaukee, Lake Shore & W estern
R.R. 5s...............................................
Milwaukee, Lake Shore & Western
R.R. 6s, .
New York, Lackawanna & Western
R.R. 6s......................................
New York, New Haven & Hartford
R.R. 4 s ,.............................................
Old Colony R.R. 4s, .
Winona & St. Peters R.R. 7s, .
W orcester, Nashua & Roch. R.R. 4s,

15,000

15,150 00

15,000 00

27,000

34,290 00

27,000 00

210,000

264,600 00

210,000 00

270,000
200,000
105,000
35,000

282,450
208,500
121,420
35,525

270,000
200,000
105,000
35,000

00
00
00
00

00
00
00
00

$1,802,000 $1,969,372 50 $1,802,000 00

B o sto n T e r m in a l C o m p a n y B o n d s.

Par Value.

Boston Term inal Company 3£s,

Estimated
Market Value.

Amount Invested.

$200,000 $222,000 00 $200,000 00

T o ta l A m o u n t o f L o a n s , w ith E a c h S p e c ifie d B a te o f I n te re st.

Amount.

$10,142
35.000
50.000
125,000

Rate.

85
00
00
00

2 per cent.
3
4
“
44
»


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

Amount.

Rate.

$2,080,200 00 4¿ per cent.
50,000 00
1,513,064 00 5^
“

Amount.

Rate.

$10,000 00
1,406,935 00
425 00

54 per cent.
5à
“
6
“

218

REPORT OF THE

[Pub. Hoc.

P a ll R iver S av in g s B an k — Concluded.
$30,000
Amount invested in real estate for banking purposes,...................................
30.000
Estimated value of the same.................................................................................
40.000
Assessed value of the s a m e ,...............................................................................
Value, by books, of other real estate, held or owned by foreclosure or
10,400
o th e r w is e ,.........................................................................................................
10,750
Assessed value of the s a m e ,...............................................................................
Number of loans which are of an amount not exceeding $3,000 each, 1,007
Aggregate amount of the s a m e , ...................................................................... 1,405,079
Total number of loans upon real e s t a t e , ................................... 1,322
Gross amount of interest or profits received, as per books, during year
391,016
ending Oct. 31, 1 9 0 5 ,........................................................................................
Times when dividends are payable, as fixed by the by-laws: first Monday
of April and October. Deposits commence to draw interest: first Mon­
day of January, April, July and October.
Rate and amount of each semi-annual dividend ( 2 per cent., $146,142 74 I 294,094
during the year ending Oct. 31, 1905,
.
( 2 per cent.,
147,951 93
Number of accounts opened during the year ending Oct. 31, 1905,
2,168
Number of accounts closed during the year ending Oct. 31,1905,
1,987
. . . .
15,924
Total number of open accounts Oct. 31, 1905,
Total expenses of the corporation for the year ending Oct. 31, 1905 (ex­
21,214
clusive of taxes),
........................................................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1905, .
............................................................................... 1,008,709
Number of s a m e , ...............................................................................14,691
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1905......................................................................................................... 1,179,637
Number of s a m e , ............................................................................... 15,019
Date of examination by commissioner: September 11.


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Federal Reserve Bank of St. Louis

00
00
00
00
00
00

41

67

41
94

93

No. 8.]

SAYINGS BANK COMMISSIONERS.

219

P A L L R IV E R F IV E C E N T S S A V IN G S B A N K - F A L L
R IV E R .

Incorporated April 10, 1855.
L e o n t in e L in c o l n , President.
C h a r l e s J . H o l m e s , Treasurer.
L e o n a r d N . S l a d e , Clerk o f the Corporation.

Names of committee charged with the investment of its funds:
C h a r l e s S. W a r i n g ,
L e o n t in e L in c o l n ,
E d w a r d B. J e n n in g s ,
A b n e r P. D a v o l ,
H o l d e n B. D u r e e e .

Open for business every business day, 9 a .m . to 2 p . m .

B alance S heet O ct . 31, 1905.

A ssets.

Public funds, as per schedule, .
Bank stock, as per schedule,
Railroad bonds, as per schedule,
Stocks, bonds, etc., taken to
secure indebtedness,
Real estate (for banking pur­
poses),
...................................
Real estate by foreclosure, etc.,
Loans on real estate, .
Loans on personal security,
Deposits in banks, on interest, .
Cash on hand, . . . .

L ia b il it ie s .

$90,000 00
356,800 00
1,374,100 00
14,830 00
45,000
70,703
2,347,644
857,350
95,521
9,703

00
83
01
00
33
07

$5,261,652 24

Deposits, .
Guaranty fund,
Interest account,
Profit, and loss ac­
count, .
Rent account, .
Due on mortgage
loans, .

$4,857,287 54
225,000 00
99,409 94
49,458 98
29,264 78
1,231 00

$5,261,652 24

Cash on Deposit in Banks, amount in each : —
Mechanics Trust Company, Boston, .
National Exchange Bank, Boston,
National Shawmut Bank, Boston,
Metacomet National Bank, Fall River,


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

$10,205
23,705
10,128
51,481

06
67
78
82

220

REPORT OF THE

[Pub. Doc.

F a ll R iv er F iv e C en ts S av in g s B an k — Continued.
D e ta ile d S ta te m e n t o f P u b lic F u n d s.

City of Brockton, Mass., 3£s, .
of Everett, Mass., 4s,
of Kansas City, Mo., 4s, .

Par Value.

Estimated
Market Value.

Amount Invested.

$15,000
25,000
50,000

$15,000 00
26,500 00
52,500 00

$15,000 00
25,000 00
50,000 00

$90,000

$94,000 00

$90,000 00

No. of
Shares.

D e ta ile d S ta te m e n t o f B a n k S to ck s.

383
100
465
465
400
100
35
840
158
200
57
150
300
70
40
107
100
36
50
13
100

Par Value.

Atlantic N at’l Bank, Boston, .
Faneuil H all N ’l Bank, Boston,
Mechanics Trust Co., Boston, .
Mechanics N ’l Bank, Boston, .
Metropolitan N’l B’k, Boston,.
Monument Nat’l B’k, Boston, .
N’l B’k of Commerce, Boston,
N’l B’k of the Republic, Boston,
N at’l Exchange Bank, Boston,
N at’l Shawmut Bank, B oston,.
New England N’l B’k, Boston,
State National Bank, Boston, .
W ebster and Atlas National
Bank, Boston,
W inthrop Nat’l Bank, Boston,
Dedham N at’l Bank, Dedham,
Massasoit-Pocasset N ’l Bank,
Fall R i v e r , ...........................
Metacomet N’l B’k, Fall River,
N at’l Union Bank, Fall River,
Leominster National B a n k ,
Leominster, . . . .
Palm er N at’l Bank, Palmer, .
Taunton N at’l Bank, Taunton,


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Federal Reserve Bank of St. Louis

$38,300
10,000
46,500

Estimated
Market Value.

$51,705
13,100
55,800
6,975
47,200
7,000
5,320
136,080
23,700
52,000
7,866
22,650

Amount Invested.

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

$38,300 00
10,000 00
46,500 00

30,000
7,000
4,000

42,600 00
14,000 00
4,800 00

30,000 00
7,000 00
4,000 00

10,700
10,000
_

17,655 00
13,500 00
252 00

10,700 00
10,000 00
—

5,000
1,300
10,000

6,000 00
1,300 00
11,500 00

5,000 00
1,300 00
10,000 00

—

40,000
3,500
84,000
15,800
20,000
5,700
15,000

40,000 00

_

3,500
84,000
15,800
20,000
5,700
15,000

00
00
00
00
00
00

$356,800 $541,003 00 $356,800 00

No. 8.]

221

SAYINGS BANK COMMISSIONERS.
F a ll R iv er F iv e C ents S a v in g s B an k — Continued.
D e ta ile d S ta te m e n t o f R a ilr o a d B o n d s.

Par Value.

Burlington & Missouri River R R 6s,
Chic., Burlington & Quincy R.R. 3ès,
Chic., Burlington & Quincy R.R. 5s,
Chicago & Northwestern R.R. 5s, .
Fremont, Elkhorn & Missouri Valley R R 6s, .
Fitchburg R.R. 4s, .
Illinois Central R.R. 3¿s, .
Illinois Central R.R. 4s, .
Mahoning Coal R.R. 5s, .
Maine Central R.R. 6s,
Milwaukee, Lake Shore & W estern
R.R. 5s...............................................
Milwaukee, Lake Shore & Western
R.R 6 s ,.............................................
New York, Lackawanna & W estern
R.R. 6s, .............................................
New York, New Haven & Hartford
R.R. 4 s ,.............................................
Old Colon}" R.R. 4s, .
Schenectady & Duanesburg R.R. 6s,
St. Johnsbury & Lake Champlain
R.R. 5s, .
.
.
. f.

Estimated
Market Value.

Amount Invested.

$62,400
93,000
158,000
25,000

$70,512
88,815
173,800
27,750

00
00
00
00

$62,400
93,000
158,000
25,000

00
00
00
00

50,000
30,000
50,000
135,000
35,000
15,000

69,750
31,500
47,250
143,350
43,050
19,350

00
00
00
00
00
00

50,000
30,000
50,000
135,000
35,000
15,000

00
00
00
00
00
00

140,000

168,000 00

140,000 00

9,000

11,790 00

9,000 00

100,000

127,000 00

100,000 00

250,000
50,000
16,700

266,250 00
53,750 00
22,044 00

250,000 00
50,000 00
16,700 00

155,000

192,200 00

155,000 00

$1,374,100 $1,556,161 00 $1,374,100 00

T o ta l A m o u n t o f L o a n s , w ith E a c h S p e c ifie d R a te o f In te r e s t.

Rate.

Amount.

Rate.

2 per cent.
2i
“
H
“

$658,425 00
189,500 00
1,095,630 59

4¿ per cent.

Amount.

$85,316 27
10,205 06
200,000 00

54

Amount.

$60,000 00
940,988 42
60,450 00

Rate.

5¿ per cent.
5h
“
6

Amount invested in real estate for banking purposes.............................. $45,000
00
Estimated value of the s a m e , ............................................................
76,500
00
Assessed value of the s a m e ,.....................................................................
76,500
00
Net income received from same during year ending Oct. 31,1905, .
.
1,225 81
Value, by books, of other real estate, held or owned by foreclosure or
o th e r w is e ,...............................................................................................
70,703
83
Assessed value of the s a m e ,.....................................................................
79,175
00
Net income received from same during the year ending Oct. 31,1905,
.
1,575 00
Number of loans which are of an amount not exceeding $3,000 each, 463
Aggregate amount of the s a m e , ......................................................................
794,462 59
Total number of loans upon real e s t a t e , ............................................688


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Federal Reserve Bank of St. Louis

REPORT OF THE

222

[Pub. Doc.

F a ll R iv er F iv e C en ts S a v in g s B a n k — Concluded.
Gross amount of interest or profits received, as per books, during year
ending Oct. 31, 1 9 0 5 ,........................................................................................ $248,019 05
Times when dividends are payable, as fixed by the by-laws : second Monday
of June and December. Deposits commence to draw interest: first
Monday of March, June, September and December.
Rate and amount of each semi-annual dividend j 2 per cent., $91,806 31
182,802 34
during the year ending Oct. 31, 1905,
.
I 2 per cent.,
90,996 03
Number of accounts opened during the year ending Oct. 31, 1905,
2,328
Number of accounts closed during the year ending Oct. 31, 1905,
1,904
Total number of open accounts Oct. 31, 1905,
. . . .
18,601
Total expenses of the corporation for the year ending Oct. 31, 1905 (ex­
clusive of taxes),
........................................................................................
17,170 93
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 5 ,.......................................................................................
829,861 51
Number of s a m e , ...............................................................................
24,591
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1905.........................................................................................................
907,964 79
Number of s a m e , ...............................................................................16,190
Date of examination by commissioner: October 10.


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Federal Reserve Bank of St. Louis

No. 8.]

223

SAYINGS BANK COMMISSIONERS.

F A R M E R S ’ A N D M E C H A N IC S ’ S A V IN G S B A N K — SO U T H
F R A M IN G H A M .
Incorporated April 23, 1883.
W il l a r d H o w e , President.
G e o r g e E. C u t l e r , Treasurer.
S. G . D a v e n p o r t , Clerk o f the Corporation.

Names of committee charged with the investment of its funds :
A . R . N ew ton,
H . L . Sa w y e r ,
J o e l T. W h i t n e y ,
S. A. P h i l l i p s ,
G e o r g e E . Cu t l e r .

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

a

.m .

to 3

p

.m . ;

Satur­

B alance S heet Oct. 31, 1905.

L ia b il it ie s .

A ssets.

Bank stock, as per schedule,
Loan on bank stock, .
Railroad bonds, as per schedule,
Loan on railroad bonds,
Stocks, bonds, etc., taken to
secure indebtedness,
Real estate by foreclosure, etc.,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
( n o t e s ) ,...................................
Loans on depositors’ books,
Deposit in bank, on interest,
Furniture and fixtures,
Cash on hand, . . . .

$20,139
100
45,000
100

50
00
00
00

8,920
17,926
481,914
179,730

00
52
00
00

26,500
1,104
10,847
1,040
3,430

00
00
88
00
09

Deposits, .
Guaranty fund,
Cemetery funds,
Undivided earnings,
Real estate income
account,

$731,927
29,800
804
34,145

25
00
24
50

75 00

$796,751 99

$796,751 99

Cash on Deposit in Bank : —
Framingham National Bank, South F ram in gh am ,................................... $10,847 88
Loan on Bank Stock : —
2 shares Framingham National Bank, South Framingham,
Loan on Railroad Bonds : —
$100 Maine Central R.R. 7s,


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

.

.

.

$100 00

$100 00

224

REPORT OF THE

[Pub. Doc.

F a rm er s’ an d M e c h a n ic s’ S av in g s B a n k — Continued.

No. of
Shares.

Detailed Statement ò f Bank Stocks.
Par Value.

5 Continental N’l Bank, Boston,
16 Eliot National Bank, Boston, .
6 Freemans N at’l Bank, Boston,
9 Second National Bank, Boston,
5 First National Bank, Chelsea,
9 Northborough National Bank,
Northborough,
100 Fram ingham National Bank,
South Framingham,
10 First National Bank of New­
ton, W est Newton,

$ 1,600
600
900
500

Estimated
Market Value.

$25
3,200
624
1,917
500

Amount Invested.

00
00
00
00
00

$2,084
514
1,358
650

00
25
25
00

900

1,035 00

1,134 00

10,000

13,500 00

13,399 00

1,000

1,300 00

1,000 00

$ 15,500

$22,101 00

$20,139 50

Detailed Statement o f Railroad Bonds.

Albany & Susquehanna R.R. 6s,
Chic., Burlington & Quincy R.R. 3¿s,
New York, New Haven & H artford
R.R. 3 é s , ....................................

Par Value.

Estimated
Market Value.

$5,000
30,000

$5,000 00
28,575 00

$5,000 00
30,000 00

10,000

9,580 00

10,000 00

$45,000

$43,155 00

$45,000 00

Amount Invested.

Total Am ount of Loans, with Each Specified Rate o f Interest.
Amount.

$10,847 88
82,000 00

Kate.

2 per cent.

4

“

Amount.

$74,000 00
82,000 00

Kate.

4.1 per cent.
H
“

Amount.

$396,554 00 5 per cent.
54,894 00 6

Value, by books, of real estate held or owned by foreclosure or otherwise,
Assessed value of the s a m e ,...............................................................................
Number of loans which are of an amount not exceeding $3,000 each, 252
Aggregate amount of the s a m e , ......................................................................
Total number of loans upon real e s t a t e , ............................................ 255
Amount of investments from which no income is received,


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

Kate.

$17,926 52
31,100 00
263,868 00
5,247 02

No. 8.]

SAVINGS BANK COMMISSIONERS.

225

F a rm er s’ and M e ch a n ics’ S a v in g s B a n k — Concluded.
Gross amount of interest or profits received, as per books, during year
ending Oct. 31, 1905..........................................................................•
. $35,764 41
Times when dividends are payable, as fixed by the by-laws: third Tues­
day of April and October. Deposits commence to draw interest : third
day of January, April, July and October.
Hate and amount of each semi-annual dividend ( 2 per cent., $13,396 55 )
27,028 48
during the year ending Oct. 31, 1905,
.
( 2 per cent.,
13,631 93 i
Number of accounts opened during the year ending Oct. 31, 1905, . 615
Number of accounts closed during the year ending Oct. 31, 1905,
. 425
Total number of open accounts Oct. 31, 1905,
. . . .
3,314
Total expenses of the corporation for the year ending Oct. 31, 1905 (ex­
clusive of taxes),
.......................................................................................
3,257 85
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 5 ,.......................................................................................
158,380 29
Number of s a m e , ...............................................................................3,556
Amount of withdrawals, including dividends, during the year ending
Oct. 31. 1 9 0 5 , ..............................................................................
160,757 77
Number of s a m e , ...............................................................................2,763
Date of examination by commissioner: January 6.


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Federal Reserve Bank of St. Louis

[Pub. Doc.

REPORT OF THE

226

F IT C H B U R G S A V IN G S B A N K — F IT C H B U R G .
Incorporated Feb. 12, 1846.
C h a r l e s E . W a r e , President.
A n d r e w J e w e t t , Treasurer.
E b e n e z e r B a il e y , Clerk o f the Corporation.

Names of committee charged with the investment of its funds :
Ch a r l e s E. W a r e ,
Ca r m i M . P a r k e r ,
G eorge R. W a l l a c e ,
R e u b e n R. Co n n ,
H e n r y G. M o r se ,
B r ig h a m N. B ullock .

Open(for business every business day except Saturdays, 8.45 a . m . to 3 p . m . ; Saturdays,
8.45 a .m . to 12 m .

B a l a n c e S h e e t O ct . 31, 1905.

L ia b il it ie s .

A ssets.

Public funds, as per schedule, .
Loan on public funds,
Bank stock, as per schedule.
Railroad bonds, as per schedule,
Street railway bonds, as per
schedule,...................................
Boston Terminal Co. bonds,
Real estate (for banking pur­
poses),
...................................
Real estate by foreclosure, etc.,
Loans on real estate, .
Loans on personal security,
Deposits in banks, on interest, .
Deposit in bank, not on interest,
Cash on hand, . . . .

$253,662
25.000
128,700
524,000

50
00
00
00

30.000 00
50.000 00
90.000
10.000
2,027,070
1,454,025
114,878
5,000
5,400

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

$4,385,723 73
230,000 00
74,003 03
28,009 99
39

00
00
00
00
91
00
73

$4,717,737 14

Cash on Deposit in Banks, amount in each : —
International Trust Company, B o s t o n , ............................................ ........
Merchants National Bank, Boston,
.
............................................
Fitchburg National Bank, Fitchburg,.............................................................
Safety Fund National Bank, F it c h b u r g ,.....................................................
Springfield Safe Deposit and Trust Company, Springfield,
.
.
.

$4,717,737 14

$5,000
79,425
20,453
10,000
5,000

Loan on Public Funds : —
$25,000 Massachusetts 3Js................................................................................... $25,000 00


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

00
00
91
00
00

No. 8.J

227

SAVINGS BANK COMMISSIONERS
F itc h b u r g S a v in g s B a n k — Continued.
Detailed Statement o f Public Funds.
Par Value.

Massachusetts 3£s, . . . .
City of Dayton, Ohio, 4 s,.
of Fitchburg, Mass., 3£s,.
of Fitchburg, Mass., 4s, .
of Haverhill, Mass., 4s, .
of Keene, N. H., 3£s,
of New Bedford, Mass., 4s,
of Portland, Me., 6s,
of Portsmouth, N. H., 4 s,.
Town of T urner’s Falls, Mass. (Fire
District), 4s, .

$50,000
25,000
50,000
60,000
5,000
12,000
25,000
5,000
5,000
17,000

Estimated
Market Value.

$51,350
25,375
50,000
63,900
5,000
12,000
25,250
5,175
5,175

00
00
00
00
00
00
00
00
00

17,400 00

Amount Invested.

$50,000
25,000
50,000
60,000
5,000
12,000
25,000
4,662
5,000

00
00
00
00
00
00
00
50
00

17,000 00

$254,000 $260,625 00 $253,662 50

Detailed Statement o f Bank Stocks.
o S
£

Estimated
Market Value.

1

60 Atlantic Nat’l Bank, Boston, .
225 Merchants N at’l Bank, Boston,
200 Nat’l Shawmut Bank, Boston,
40 State National Bank, Boston, .
257 Fitchburg N ’l B’k, Fitchburg,
123 Rollstone N’l B’k, Fitchburg, .
170 Safety Fund N’l B’k, Fitchburg,
5 Townsend N ’l B’k, Townsend,
67 Crocker N’l B’k, T urner’s Falls,
30 Quinsigamond National Bank,
Worcester, . . . .
10 W orcester Trust Company,'
Worcester, . . . .

$6,000
22,500
20,000
4,000
25,700
12,300
17,000
500
6,700

$8,100
45,450
52,000
6,040
36,494
15,990
17,000
575
9,380

00
00
00
00
00
00
00
00
00

AiiiOuni Inv esictl*

$6,000
22,500
30.000
4,000
25,700
12,300
17,000
500
6,700

00
00
00
00
00
00
00
00
00

3,000

4,200 00

3,000 00

1,000

2,250 00

1,000 00

$118,700 $197,479 00 $128,700 00

Detailed Statement o f Street Railway Bonds.
Par Vaiue.

W est End Street Railway Co. 4s,


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

$30,000

Estimated
Market Value.

Amount Invested.

$31,475 00

$30,000 00

REPORT OF THE

228

[Pub. Doc.

F itc h b u r g S a v in g s B a n k — Continued.
Detailed Statement o f Railroad Bonds.
Par Value.

Concord & Montreal R.R. 4s, .
Eastern R.R. 6s,
. . .
Fitchburg R.R. 4s, .
Fitchburg R.R. 4£s, . . . .
Fitchburg R.R. 5s, .
Illinois Central R.R. 3£s, .
Kansas City, St. Joseph & Council
Bluffs R.R. 7s,
. . .
Maine Central R.R. 4s,
New England R.R. 4s,
New York, New Haven & H artford
R.R. 8 è s , ....................................
New York, New Haven & Hartford
R.R 4 s ,.............................................
Old Colony R.R. 4s.............................
Portland & Ogdensburg R.R. 5s,

$25,000
30,000
166,000
30,000
33,000
25,000

Estimated
Market Value.

$26,000
31,125
171,400
31,800
33,990
23,750

00
00
00
00
00
00

Amount Invested.

$25,000
30,000
166,000
30,000
33,000
25,000

00
00
00
00
00
00

25,000
25,000
25,000

25,937 50
25,500 00
31,500 00

25,000 00
25,000 00
25,000 00

50,000

48,000 00

50,000 00

30,000
35,000
25,000

30,600 00
36,875 00
25,750 00

30,000 00
35,000 00
25,000 00

$524,000 $542,227 50 $524,000 00

Boston Terminal Company Bonds.
Par Value.

Boston Terminal Company 3£s,

$50,000

Estimated
Market Value.

Amount Invested.

$55,500 00

$50,000 00

Total Am ount o f Loans, with Each Specified Rate o f Interest.
Amount.

$79,425J00
15,453 91
20,000 00
666,700 00


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Federal Reserve Bank of St. Louis

Kate.

2 per cent.
2è “
3
4

Amount.

$425,700
859,300
86,000
1,417,270

Kate.

00
00
00
00

4^ per cent.
4è “

? ::

Amount.

$48,775 00
2,350 00

Rate.

5£ per cent.
6
“

No. 8.]

SAVINGS BANK COM M ISSIONERS.

229

F i t c h b u r g S a v in g s B a n k — Concluded.
Amount invested in real estate for banking purposes,...................................
Estimated value of the s a m e , ......................................................................
Assessed value of the s a m e ,...............................................................................
Net income received from same during year ending Oct. 31, 1905,
Value, by books, of other real estate held or owned by foreclosure or
o th e r w is e ,.........................................................................................................
Assessed value of the s a m e ,..............................................................................
Net income received from same during the year ending Oct. 31,1905,
Number of loans which are of an amount not exceeding $3,000 each, 409
Aggregate amount of the same............................................................................
Total number of loans upon real e s t a t e , ............................................513
Gross amount of interest or profits received, as per books, during year
ending Oct. 31, 1 9 0 5 ,........................................................................................
Times when dividends are payable, as fixed by the by-laws : first day of
January and July. Deposits commence to draw interest: first day of
January, April, July and October.
Rate and amount of each semi-annual dividend f 1| per cent., $73,917 30 )
during the year ending Oct. 31, 1905,
. 1 1| per cent.,
74,882 24 I
Number of accounts opened during the year ending Oct. 31, 1905,
1,215
Number of accounts closed during the year ending Oct. 31, 1905,
1,157
Total number of open accounts Oct. 31, 1905,
. . . .
9,264
Total expenses of the corporation for the year ending Oct. 31, 1905 (ex­
clusive of taxes),
.......................................................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 5 ,.......................................................................................
Number of s a m e , ...............................................................................5,783
Amount of withdrawals, including dividends, during the year ending
Oct 31, 1 9 0 5 , ................................................................................................
Number of s a m e , ...............................................................................5,684
Date of examination by commissioner: May 2.


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

$90,000 00
110,000 00

102,000 00

1,653 17
10,000 00

11,450 00
281 86
586,195 00

210,556 03

148,799 54

9,498 60
702,023 24

789,379 44

[Pub. Doc.

R EPO RT O F T H E

230

F L O R E N C E S A V IN G S B A N K — F L O R E N C E .

Incorporated Feb. 14, 1873.
S a m u e l P o rte r , President.

M . E. G o u l d , Treasurer.
M. E. G o u ld , Clerk o f the Corporation.

Names of committee charged with the investment of its funds:
S a m u e l P o r te r ,
H . B. H a v e n , Jr.,

G eorge S. G r a v e s ,

L. F. P l im p t o n ,
A . M. W a r e .

Open for business every business day, 10 a . m . to 2 p .m .

B

alance

Sh

eet

O c t . 31, 1905.

L ia b il it ie s .

A ssets.

Public funds, as per schedule, .
Bank stock, as per schedule,
Railroad bonds, as per schedule,
Street railway bonds, as per
schedule,...................................
Real estate (for banking pur­
poses),
...................................
Real estate by foreclosure, e tc.,.
Loans on real estate, .
Loans on personal security,
Loans on depositors’ books,
Deposits in banks, on interest, .
Expense account,
Furniture and fixtures,
Cash on hand, . . . .

$25,000 00
18,200 00
56,387 50

Deposits, .
Guaranty fund,
Interest account,

10,000 00
4,572
1,083
283,605
50,918
170
17,722
6
450
172

26
38
13
50
00
91
75
00
70

$468,289 13

Cash on Deposit in Banks, amount in each : —
Hampshire County National Bank, Northampton,
First National Bank, Northampton, . . . .
Northampton National Bank, Northampton,
Pynchon National Bank, Springfield (in liquidation),


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

$449,387 88
16.700 00
2,201 25

$468,289 13

$4,257 98
3,262 50
10,000 00

202 43

No. 8.]

231

SAVINGS BANK COMM ISSIONERS.

F lo r e n c e S a v in g s B a n k —Continued.
Detailed ¡Statement o f Public Funds.
Par Value.

City of Chicago, 111., 4s, .

$25,000

Estimated
Market Value.

Amount Invested.

$25,655 00

$25,000 00

No. o f
Shares.

Detailed Statement o f B ank Stocks.

85
40
54
10

Home National Bank, Holyoke,
First N at’l B’k, Northampton,
H ampshire County National
Bank, Northampton,
Agawam N ’l B’k, Springfield,

Par Value.

Estimated
Market Value.

$8,500
4,000

$10,200 00
5,200 00

$8,500 00
4,000 00

5,400
300

5,670 00
50 00

5,400 00
300 00

$18,200

$21,120 00

$18,200 00

Amount Invested.

Detailed Statement o f Street Bailway Bonds.
Par Value.

W est End Street Railway Co. 4s,

.

$10,000

Estimated
Market Value.

Amount Invested.

$10,575 00

$10,000 00

Detailed Statement o f Railroad Bonds.
Par Value.

Chic., Burlington & Quincy R.R. 3¿s,
Illinois Central R.R. 3s, .
Illinois Central R.R. 3 ¿s,.
Illinois Central R.R. 4s, .


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

$10,000
5,000
27.000
15.000
$57,000

Estimated
Market Value.

$9,550
4,100
25,490
15,900

00
00
00
00

$55,040 00

Amount Invested.

$10,000
4,387
27.000
15.000

00
50
00
00

$56,387 50

232

REPORT OF THE

[Pub. Doc.

F lo r e n c e S av in g s B an k — Concluded.
Total Amount o f Loans, unth Each Specified Rate o f Interest.
Amount.

$17,722 91

Rate.

3£ p e r cen t.

Amount.

Rate.

$334,388 63

5 p e r cen t.

Amount.

$305 00

Rate.

6 p e r cent.

Amount invested in real estate for banking purposes,................................... $4,572 26
Estimated value of the s a m e , ......................................................................
5,000 00
Assessed value of the s a m e ,...............................................................................
3,000 00
Net income received from same during year ending Oct. 31, 1905, .
71 69
Value, by books, of other real estate held or owned by foreclosure or
o th e r w ise ,......................................................................................................... 1,083 38
Assessed value of the s a m e ,...............................................................................
1,025 00
Net income received from same during the year ending Oct. 31, 1905,
.
93 59
Number of loans which are of an amount not exceeding $3,000 each, 197
Aggregate amount of the s a m e , ......................................................................
248,693 63
Total number of loans upon real e s t a t e , ............................................ 192
Amount of investments from which no income is recei ved, . . . .
2,852 43
Gross amount of interest or profits received, as per books, during year
ending Oct. 31, 1 9 0 5 ,........................................................................................
21 103 39
Times when dividends are payable, as fixed by the by-laws: second Tues­
day of April and October. Deposits commence to draw interest: second
Tuesday of January, April, July and October.
Rate and amount of each semi-annual dividend f 1 | per cent., $7,105 25 )
during the year ending Oct. 31, 1905,
.
( 1| per cent.,
7,395 84 )
Number of accounts opened during the year ending Oct. 31, 1905, . 234
Number of accounts closed during the year ending Oct. 31, 1905,
. 190
Total number of open accounts Oct. 31, 1905,
. . . .
1,652
Total expenses of the corporation for the year ending Oct. 31, 1905 (ex­
§73 77
clusive of taxes)..................................................................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 5 ,.......................................................................................
93,842 15
Number of s a m e , ...............................................................................
2 349
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 9 0 5 , ................................................................................................
79,048 22
Number of s a m e , ...............................................................................1 41g
Date of examination by commissioner : February 1.


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

No. 8.]

233

SAYINGS BANK COMMISSIONERS.

F O X B O R O U G H S A V IN G S B A N K -F O X B O R O U G H .

Incorporated April 18, 1855.
J. W . R ic h a r d so x , President.

W il l ia m H . T o r r e y , Treasurer.
W il l ia m H . T o r r ey , Clerk o f the Corporation.

Names of committee charged with the investment of its funds :
F is h e r E. H a r t sh o r n ,
A l l e n H . M e s s in g e r ,
R ic h a r d S. Ca r p e n t e r ,
L e w is E. G r a y ,
J. W . R ic h a r d so n .

Open for business every business day, 9 a .m . to 3 p . m .; also Wednesdays and
Saturdays, 6 to 8 p . j i .

B a la n c e S h e e t O c t . 31, 1905.

A ssets.

Bank stock, as per schedule,
Railroad bonds, as per schedule,
Boston Terminal Co. bonds,
Real estate by foreclosure, etc.,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
(notes), ...................................
Deposit in bank, on interest,
Cash on hand, .

L ia b il it ie s .

$34,740 00
93,130 00
10,000 00

8,700 00
231,589 00
9,452 50


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

$356,300 94
18,000 00
21,169 11

2,500 00
2,757 22
2,601 33
$395,470 05

Cash on Deposit in Bank : —
Winthrop National Bank, Boston,

Deposits, .
Guaranty fund,
Undivided earnings,

$395,470 05

$2,757 22

234

REPORT OF THE

[Pub. Doc.

F o x b o r o u g h S a v in g s B a n k — Continued.

No. of
Shares.

Detailed Statement o f Bank Stocks.
Par Value.

Boylston N at’l Bank, Boston, .
Commonwealth T rust Com­
pany, Boston,
22 Continental N ’l Bank, Boston,
8 Faneuil Hall N’l Bank, Boston,
58 M etropolitan N ’l Bank, Boston,
11 N’l B’k of Commerce, Boston,
60 N at’l Shawmut Bank, Boston,
14 Old Boston N at’l B’k, Boston,
13 State National Bank, Boston, .
12 Trem ont N at’l Bank, Boston, .
8 W ebster and Atlas N at’l Bank,
B oston,....................................
36 Dedham Nat’l Bank, Dedham,
60 Framingham National Bank,
South Framingham,
6 National Bank of W rentham,
W rentham , . . .

44
27

$4,400
2,700
_

800
5,800
1,100
6,000
1,400
1,300
420

Estimated
Market Value.

$4,400 00
4,644
110
1,048
6,844
1,672
15,600
1,470
1,963

00
00
00
00
00
00
00
00

-

Amount Invested.

$4,400 00
2,700 00
-

800
5,800
1,100
6,000
1,400
1,300
420

00
00
00
00
00
00
00

800
3,600

1,136 00
3,888 00

800 00
3,600 00

6,000

7,680 00

6,000 00

420

420 00

420 00

|34,740

$50,875 00

$34,740 00

Detailed Statement o f Railroad Bonds.
Par Value.

Boston & Lowell R.R. 4s,
Boston & Maine R.R. 3ès,
Boston, Revere Beacli & Lynn R.R.
44 s , .............................................
Chic., Burlington & Quinej^R-R. 3|s,
Fitchburg R.R. 4s, .
Fitchburg R.R. 5s, .
,.
Illinois Central R.R. 3 às,.
Maine Central R.R. 4s,
Maine Central R.R. 4£s, .
Princeton & Northwestern R.R. 3ès,
St. Johnsbury & Lake Champlain
R.R. 5 s ,.............................................
Upper Coos R.R. 4s,
. . .


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

$11,000
5,000
5,000
14,000
5,000
5,000
18,000
6,000
5,000
10,000

Estimated
Market Value.

Amount Invested.

$11,161 25
4,900 00

$11,000 00
5,000 00

5,550
13,370
5,256
5,150
16,613
6,105
5,225
9,287

00
00
25
00
10
00
00
38

5,000
14,000
5,000
5,000
17,580
6,000
5,000
9,550

00
00
00
00
00
00
DO
00

5,000
5,000

6,250 00
5,000 00

5,000 00
5,000 00

$94,000

$93,867 98

$93,130 00

No. 8.]

SAVINGS BAÎÿK COMMISSIONERS.

235

F o x b o r o u g h S a v in g s B a n k — Concluded.
Boston Terminal Company Bonds.
Par Value.

Boston Terminal Company 3ds,

$10,000

Estimated
Market Value.

Amount Invested.

$11,100 00

$10,000 00

Total Amount o f Loans, with Each Specified Bate o f Interest.
Amount.

$2,757 22
2,500 00

Rate.

2 per cent.
3d “

Amount.

$37,000 00
5,000 00

Rate.

Amount.

5 per cent.
5d “ •

$199,041 50

Rate.

6 per cent.

Value, by books, of real estate held or owned by foreclosure or otherwise,
$8,700 00
Assessed value of the s a m e ,...............................................................................
10,800 00
Number of loans which are of an amount not exceeding $3,000 each, 186
Aggregate amount of the s a m e , ......................................................................
197,941 50
Total number of loans upon real e s t a t e , ............................................ 182
Amount of investments from which no income is received,
4,800 00
Gross amount of interest or profits received, as per books, during year
ending Oct. 31, 1 9 0 5 ,........................................................................................
20,275 75
Times when dividends are payable, as fixed by the by-laws : Wednesdays
after second Monday of June and December. Deposits commence
to draw interest: first business day of March, June, September and
December.
Rate and amount of each semi-annual dividend j 2 per cent.,
$6,549 95 |
13,380 59
during the year ending Oct. 31, 1905,
.
t 2 per cent.,
6,830 64 l
Number of accounts opened during the year ending Oct. 31, 1905, . 196
Number of accounts closed during the year ending Oct. 31, 1905,
. 141
Total number of open accounts Oct. 31, 1905,
. . . .
1,571
Total expenses of the corporation for the year ending Oct. 31, 1905 (ex­
clusive of taxes)..................................................................................................
2,001 25
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 5 ,........................................................................................
63,423 54
Number of s a m e , ............................................................................... 1,209
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1905.......................................................................................
69,380 35
Number of s a m e , ...............................................................................1,188
Date of examination by commissioner: February 2.


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

236

REPORT OF THE

[Pub. Doc

F R A N K L IN S A V IN G S B A N K — B O ST O N .
Incorporated March 15, 1861.
J am e s E . W h it n e y , President.
E b e n e z e r A l e x a n d e r , Treasurer.
E d g a r G. F is h e r , Clerk o f the Corporation.

Names of committee charged with the investment of its funds:
J am e s E . W h it n e y ,

J. H om er P ie r c e ,
H e n r y W. H a r t ,

J am e s A r t h u r J acobs ,
E d m u n d D. Co d m a n ,
I saac W. C h ic k .

Open for business every business day, 9 a .m . to 2 p . m .

Ba l a n c e S h e e t Oc t . 3 1

A ssets.

,

1905

.
L ia b il it ie s .

Public funds, as per schedule, . $1,290,000 00
Loan on public funds,
25.000 00
Bank stock, as per schedule,
210,750 00
Railroad bonds, as per schedule, 1,909,750 00
Loan on railroad stock,
2,500 00
Railroad notes, . . . .
20.000 00
Boston Terminal Co. bonds,
300.000 00
Real estate (for banking pur­
poses)..........................................
210.000 00
Real estate by foreclosure, etc.,
73,824 58
Loans on real estate, .
5,764,656 60
Loans on personal security,
2,730,900 00
Loans to counties, cities or towns
( n o t e s ) , ...................................
95,000 00
Deposits in banks, on interest, .
329,925 68
Expense account,
7,061 57
Real estate income account,
2,065 85
Cash on hand, . . . .
11,144 32

Deposits, .
$12,209,239 71
Guaranty fund,
576,000 00
Interest account,
111,870 63
Profit and loss ac­
count, .
84,726 24
Rents and taxes,
742 02

$12,982,578 60

$12,982,578 60

Cash on Deposit in Banks, amount in each : —
Bay State Trust Company, B o s t o n , .............................................................. $64,427 50
First National Bank, B o s t o n , .......................................................................78 435 60
Second National Bank, B o s to n ,.......................................................................75 787 15
National Shawmut Bank, B o s t o n , ..............................................................
110,275 43
Loan on Public Funds : —
$26,000 Massachusetts 3 s , ............................................................................... $25,000 00


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

No. 8.]

237

SAVINGS BANK COMM ISSIONERS.

F r a n k lin S a v in g s B a n k — Continued.
Loan on Railroad Stock : —
11 shares Boston & Providence R .R .,............................................................. $2,500 00

Detailed Statement o f Public Funds.
Par Value.

M assachusetts 3£s, . . . .
City of Altoona, Pa., 4s, .
of Belfast, Me., 4s, .
of Boston, Mass., 4s,
of Boston, Mass., 5s,
of Central Falls, R. I., 4s,
of Chicago, 111., 4s, .
of Fall River, Mass., 6s, .
of Grand Rapids, Mich., 4s,
of Indianapolis, Ind., 4s, .
of Kansas City, Mo., 4£s,
of Lynn, Mass., 4s, .
of Milwaukee, Wis., 3£s, .
of Minneapolis, Minn., 4s,
of New Bedford, Mass., 3£s,
of Newton, Mass., 4s,
of Northampton, Mass., 4s,
of Providence, R. 1 , 5s, .
of Rutland, V t , 4s, .
of St. Albans, Vt., 4s,
of W aterbury, Conn., 4 s,.
of Woonsocket, R. I., 4s, .
Town of Brookline, Mass., 3|s,
of Spencer, Mass., 4s, .

.

Estimated
Market Value.

Amount Invested.

$175,000 $180,687 50 $175,000 00
65,000
68,900 00
65,000 00
25,000
26,250 00
25,000 00
150,000
158,250 00
150,000 00
1,000
1,015 00
1,000 00
50,000
-53,500 00
50,000 00
50,000
51,750 00
50,000 00
4,000
4,080 00
4,000 00
40,000
40,100 00
40,000 00
50,000
52,750 00
50,000 00
100,000
107,250 00
100,000 00
46,500
47,081 25
46,500 00
65,500
65,500 00
65,500 00
50,000
52,250 00
50,000 00
10,000
10,025 00
10,000 00
43,000
45,150 00
43,000 00
85,000
86,700 00
85,000 00
1,000
1,012 50
1,000 00
27,000
28,520 00
27,000 00
17,000
17,510 00
17,000 00
25,000
26,375 00
25,000 00
100,000
103,000 00
100,000 00*
30,000
29,700 00
30,000 00
80,000
82,800 00
80,000 00
$1,290,000 $1,340,156 25 $1,290,000 00

* A legal investment when made.

No. of
Shares.

Detailed Statement o f Bank Stocks.

41
93
50
100
135
142
97

Par Value.

Atlantic N at’l Bank, Boston, .
Boylston N at’l Bank, Boston, .
Commonwealth T rust Company, Boston,
First National Bank, Boston, .
F irst Ward N at’l Bank,Boston,
Fourth National Bank, Boston,
Freem ans N at’l Bank, Boston,


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

Estimated
Market Value.

Amount Invested.

$4,100
9,300

$5,535 00
9,300 00

$4,100 00
9,300 00

5,000
10,000
13,500
14,200
9,700

8,500
27,500
23,625
19,738
10,088

7,500
10,000
13,500
14,200
9,700

00
00
00
00
00

00
00
00
00
00

238

R EPO RT O F T H E

F r a n k l i n S a v in g s B a n k

—

Continued.

Detailed Statement o f Bank Stocks
V
O- oo»s

79
201
355
20
200
80
132
138
42

[Pub. Doc.

—

Concluded.

Estimated
Market Value.

N’I B’k of Commerce, Boston,
N at’l Exchange Bank, Boston,
Nat’l Shawmut Bank, Boston,
National Union Bank, Boston,.
Old Boston Nat’l Bank, Boston,
Second National Bank, Boston,
State National Bank, Boston, .
W ebster and Atlas National
Bank, Boston.
Naumkeag N at’l Bank, Salem,

$7,900
20,100
35,500
2,000
20,000
8,000
13,200
13,800
4,200

$12,008
30,150
92,300
3,600
21,000
17,040
19,932

00
00
00
00
00
00
00

19,596 00
6,300 00

$7,900
20,100
53,250
2,000
20,000
8,000
13,200

00
00
00
00
00
00
00

13,800 00
4,200 00

$190,500 $326,212 00 $210,750 00

Detailed Statement o f Railroad Bonds.
Par Value.

Albany & Susquehanna R.R 6s,
Boston & Albany R.R. 3is,
Boston & Albany R.R. 4s,
Boston & Lowell R.R. 4s,
Boston & Maine R R. 4£s,
Boston, Revere Beach & Lynn R.R.
4 £ s , ............................................................
Chic , Burlington & Quincy R.R. 3ès,
Chic., Burlington & Quincy R.R. 4s,
Chicago & Northwestern R.R. 3és, .
Concord & Claremont R.R. 4¿s,
Erie & Pittsburgh R.R. 3£s,
Fitchburg R.R. 4s, .
Fitchburg R.R. 4¿s, .
.
.
.
Illinois Central R.R. 3¿s, .
New York Central & Hudson River
R.R. 3 è s , ....................................
N. Y. & N. E. R R. (term inal) 4s, .
New York, New Haven & H artford
R.R. 4 s ,.............................................
Norwich & W orcester R.R. 4s,
Old Colony R.R. 4s, .
Penobscot Shore Line R R. 4 s, .
Peterboro1 & Hillsboro’ R.R. 4¿s,
St. Johnsbury & Lake Champlain
R.R. 5s, .


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

Estimated
Market Value.

Amount Invested.

$50,000
50,000
50,000
100,000
100,000

$50,500
50,000
51,500
102,750
118,000

00
00
00
00
00

$50,000
50,000
50,000
100,000
100,000

00
00
00
00
00

100,000
50,000
190,000
200,000
100,000
50,000
44,000
56,000
100,000

112,000
47,750
196,850
195,000
105,500
49,500
46,200
59,600
95,000

00
00
00
00
00
00
00
00
00

100,000
44,750
190,000
200,000
100,000
50,000
44,000
56,000
100,000

00
00
00
00
00
00
00
00
00

200,000
50,000

197,500 00
58,750 00

200,000 00
50,000 00

200,000
50,000
75,000
25,000
25,000

207,250
57,500
78,750
26,000
26,500

200,000
50,000
75,000
25,000
25,000

50,000

00
00
00
00
00

62,000 00

00
00
00
00
00

50,000 00

$1,915,000 $1,994,400 00 $1,909,750 00
i

239

SAVINGS BANK COMMISSIONERS.

No. 8.]

F r a n k lin S a v in g s B an k — Concluded.
Boston Terminal Company Bonds.
Par Value.

Estimated
Market Value.

Amount Invested.

$300,000 $333,000 00 $300,000 00

Boston Term inal Company 8£s,

Total Am ount o f Loans, with Each Specified Rate o f Interest.
Amount.

$329,925
150.000
95,000
796,750
175.000

Rate.

68
00
00
00
00

2 per cent.
31
“
3$
“

H

3|

“

“

Rate.

Amount.

$532,500
250,000
3,239,087
377,500
1,193,545

00
00
00
00
60

3 | per cent.
3J

“

H

“

4
41

Amount.

$110,300
1,648,409
52,315
17,650

Rate.

00
00
00
00

41 per cent.
5
“
5£
6

Amount invested in real estate for banking purposes,................................... $ 210,000
210,000
Estimated value of the s a m e , ......................................................................
140,000
Assessed value of the s a m e ,...............................................................................
Value, by books, of other real estate held or owned by foreclosure or
73,824
o th e r w is e ,............................................•
....................................................
75,300
Assessed value of the s a m e ,...............................................................................
Number of loans which are of an amount not exceeding $3,000 each, 350
635,033
Aggregate amount of the s a m e , ......................................................................
Total number of loans upon real e s t a t e , ............................................725
Gross amount of interest or profits received, as per books, during year
507,708
ending Oct. 31, 1 9 0 5 ,.......................................................................................
Times when dividends are payable, as fixed by the by-laws : first day of
February and August. Deposits commence to draw interest: first day
of February, May, August and November.
Rate and amount of each semi-annual dividend f 1 | per cent., $196,898 24 I 399,079
during the year ending Oct. 31, 1905,
.
t 1| per cent., 202,180 97
Number of accounts opened during the year ending Oct. 31, 1905,
2,191
Number of accounts closed during the year ending Oct. 31, 1905,
1,672
Total number of open accounts Oct. 31, 1905,
. . . .
22,822
Total expenses of the corporation for the year ending Oct. 31, 1905 (ex­
29,423
.......................................................................................
clusive of taxes),
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 5 ,....................................................................................... 1,756,071
Number of s a m e , ......................................................................................15,388
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 9 0 5 , ................................................................................................ 1,606,205
Number of s a m e , ...................................................................................... 15,009
Date of examination by commissioner: February 10.


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

00
00

00
58
00
00

39

21

52
32

33

240

REPORT OF THE

[Pub. Doc.

F R A N K L IN S A V IN G S IN S T IT U T IO N — G R E E N F IE L D .
Incorporated April 2, 1834.
H e n r y F . N a s h , President.
C h a r l e s A l l e n , Treasurer.
F r a n k l in It. A l l e n , Clerk o f the Corporation.

Names of committee charged with the investment of its funds :
H enry F . N a sh ,
J o seph W . S t e v e n s ,

J o seph G r isw o l d ,
L uc iu s N im s .

Open for business every business day, 9

a .m .

to 3

p .m .

B a la n c e S h e e t O ct . 31, 1905.

A ssets.

Public funds, as per schedule, .
Bank stock, as per schedule,
Loans on bank stock,
Railroad bonds, as per schedule,
Street railway bonds, as per
schedule,...................................
Real estate by foreclosure, etc.,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
( n o t e s ) , ...................................
Loans on depositors’ books,
Deposits in banks, on interest, .
Expense account,
Premium account,
Unpaid interest, . . . .
Suspense account,
Cash on hand, . . . .

L ia b il it ie s .

$549,000
47,000
50,000
1,126,000

00
00
00
00

25,000
40,915
1,959,044
1,978,216

00
2t
68
27

116,550
2,361
230,201
2,785
12,131
4,737
3,928
2,042

00
00
26
23
25
09
20
93

Deposits, .
Guaranty fund,
Interest account,
Profit and loss account, .
Due on m o r t g a g e
loans, .
Suspense account, .

$6,149,913 15

$5,798,713 84
288,000 00
52,576 06
9,203 82
500 00
919 43

$6,149,913 15

Cash on Deposit in Banks, amount in each : —
State National Bank, B o s t o n , ...................................................................... $133,774 69
First National Bank, Greenfield,......................................................................
81,426 57
Franklin County National Bank, G r e e n fie ld ,............................................
15,000 00
Loans on Bank Stock, amount on each: —
7 shares Shelburne Falls National Bank, Shelburne Falls, . .
.
110 shares Home National Bank, H o l y o k e , ...........................................
60 shares Home National Bank, Holyoke....................................................
275 shares State National Bank, B o s t o n ,....................................................
48 shares First National Bank, G r e e n f ie l d ,...........................................
20 shares Crocker National Bank, Turner’sFalls........................................


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

$700 00
10,000 00
5,000 00
27,500 00
4,800 00
2,000 00

No. 8.]

SAVINGS BANK COMMISSIONERS.

241

F r a n k l i n S a v in g s I n s t i t u t i o n — Continued.
Detailed Statement o f Public Funds.
Par Value.

City of Boston, Mass., 5s,
of Brockton, Mass., 5s,
of Chicago, 111., 4s, .
of Dayton, Ohio, 5 s ,.
of Grand Rapids, Mich., 5s,
of Hartford, Conn., 4s,
of Kansas City, Mo., 4s, .
of Lawrence, Mass., 6s, .
of Lynn, Mass., 4s, .
of Milwaukee, VVis , 5s, .
of Peoria, 111., 4£s, .
of Springfield, Ohio, 5s, .
Town of Attleborough, Mass., 4s, .
of Chatham, Mass., 4<|s,
of Marblehead, Mass., 4s,

$30,000
23,000
150,000
50,000
50,000
25,000
25,000
20,000
10,000
51,000
25,000
25,000
30,000
4,000
31,000

Estimated
Market Value.

$30,300
24,380
154,968
54,100
52,000
25,750
26,250
20,000
10,000
52,020
25,000
25,675
32,700
4,040
31,930

00
00
00
00
00
00
00
do

00
00
00
00
00
00
00

Amount Invested.

$30,000
23,000
150,000
50,000
50,000
25,000
25,000
20,000
10,000
51,000
25,000
25,000
30,000
4,000
31,000

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

$549,000 $569,113 00 $549,000 00

No. of
Shares.

Detailed Statement o f Bank Stocks.

5
153
34
140
25
10
45
40
18

Faneuil H all N ’l B’k, Boston, .
N’l B’k of Commerce, Boston,
W ebster and Atlas National
Bank, Boston,
First Nat’l Bank, Greenfield, .
Franklin Co. National Bank,
Greenfield, . . . .
North Adams National Bank,
North Adams,
F irst N ’l Bank, Northampton,
Plampshire Co. National Bank,
Northampton,
Pittsfield N at’l B’k, Pittsfield,

Par Value.

Estimated
Market Value.

$500
15,300

$655 00
23,256 00

$500 00
15,300 00

3,400
14,000

4,828 00
21,000 00

3,400 00
14,000 00

2,500

2,625 00

2,500 00

1,000
4,500

1,150 00
5,850 00

1,000 00
4,500 00

4,000
1,800

4,200 00
2,880 00

4,000 00
1,800 00

$47,000

$66,444 00

$47,000 00

Amount Invested.

Detailed Statement o f Street Railvjay Bonds.
Par Value.

West End Street Railway Co. 4s,

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

$25,000

Estimated
Market Value.

Amount Invested.

$26,375 00

$25,000 00

242

[Pub. Doc.

REPORT OF THE
F r a n k lin S a v in g s I n s t i t u t i o n — Continued,
Detailed Statement o f Railroad Bonds.
Tar Value.

Boston & Maine R.R. 4s, .
Boston & Maine R.R. 4¿s,
Chicago & Northwestern R.R. 7s, .
Chic., Burlington & Quincy R.R. 4s,
Conn. & Passumpsic Rivers R.R. 4s,
Danbury & Norwalk R.R. 5s, .
Eastern R.R. 6s,
.
.
.
.
Illinois Central R.R. 4s, .
Kalamazoo, Allegan & Grand Rapids
R.R 5 s ,.............................................
Milwaukee, Lake Shore & W estern
R.R. 5 s ,.............................................
New England R.R. 4s,
N. Y. & N. E. R R. (term inal) 4s, .
New York, New Haven & Hartford
R.R. 4s...............................................
Old Colony R.R. 4s, .
Sullivan County R.R. 4s, .
Vermont Valley R.R. 5s, .

$50,000
50,000
100,000
150,000
25,000
25,000
60,000
116,000

Estimated
Market Value.

$53,750
58,500
127,000
157,500
26,750
28,625
60,900
121,800

00
00
00
00
00
00
00
00

Amount Invested.

$50,000
50,000
100,000
150,000
25,000
25,000
60,000
116,000

00
00
00
00
00
00
00
00

50,000

62,000 00

50,000 00

100,000
50,000
50,000

120,000 00
54,000 00
58,000 00

100,000 00
50,000 00
50,000 00

200,000
25,000
25,000
50,000

209,750
26,250
25,875
52,500

200,000
25,000
25,000
50,000

00
00
00
00

00
00
00
00

$1,126,000 $1,243,200 00 $1,126,000 00

Total Amount o f Loans, with Each Specified Rate o f Interest.
Amount.

Rate.

Amount.

Rate.

Amount.

Rate.

$215,201 26
1,551,935 41

2J per cent.
4
“

$697,300 00
1,084,620 00

4,| per cent.
H
“

$787,316 54

5 per cent.

Value, by books, of real estate held or owned by foreclosure or otherwise,
Assessed value of the s a m e ,...............................................................................
Number of loans which are of an amount not exceeding $3,000 each, 543
Aggregate amount of the s a m e , ......................................................................
Total number of loans upon real e s t a t e , ............................................614
Amount of investments from which no income is received,
Gross amount of interest or profits received, as per books, during year
ending Oct. 31, 1 9 0 5 ,.......................................................................................
Times when dividends are payable, as fixed by the by-laws : first day of
January and July. Deposits commence to draw interest: first day of
January, April, July and October.


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

$40,915 24
49,907 00
586,669 34
19,893 98
262,627 77

No. 8.]

SAYINGS BANK COMMISSIONERS.

243

F ra n k lin S av in g s In stitu tio n — Concluded.
Rate and amount of each semi-annual dividend f 2 per cent., $108,173 81
I $219,795 89
during the year ending Oct. 31, 1905,
.
1 2 per cent, 111,622 08
Number of accounts opened during the year ending Oct. 31, 1905,
1,276
Number of accounts closed during the year ending Oct. 31, 1905,
. 757
Total number of open accounts Oct. 31,1905,
. . . .
11,416
Total expenses of the corporation for the year ending Oct. 31, 1905 (ex­
clusive of taxes),
.......................................................................................
9,432 65
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1905...........................................................................................
633,908 43
Number of s a m e , .............................................................................. 7,196
Amount of withdrawals, including dividends, during the year ending
Oct 31, 1 9 0 5 , .......................................................................................
567,410 40
Number of s a m e , ............................................................. ........
.
5,942
Date of examination by commissioner : October 5, 6.


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

244

REPORT OF THE

[Pub. Doc.

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

l

Incorporated May 26, 1868.
C h a r l e s W. Co n a n t , President.
J ohn D. E d g e l l , Treasurer.
F r a n c is S. W h it t e m o r e , Clerk of the Corporation.

Names of committee charged with the investment of its funds:
C h a r le s W . Con a n t ,
E zra O sgood ,
E u c l id L. B rooks ,
S. W . A. S t e v e n s ,
A lec E. K n o w lto n .

Open for business every business day except Saturdays, 9 a .m . to 3 p . m . ; Saturdays,
close at 12 m.

B

alance

Sh

eet

O c t . 31, 1905.

A ssets.

Public funds, as per schedule, .
Loan on public funds,
Bank stock, as per schedule,
Loans on bank stock,.
Railroad bonds, as per schedule,
Loans on railroad bonds, .
Street railway bonds, as per
schedule......................................
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
( n o t e s ) , ...................................
Loans on depositors’ books,
Deposits in banks, on interest, .
Deposits in banks, not on interest,
Expense account,
Cash on h a n d , ..........................

L ia b il it ie s .

$109,100
25.000
98.400
34.400
425,100
50.000

00
00
00
00
00
00

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

$2,602,439 44
126,200 00
35,852 84
24,961 56
338 04

55.000 00
888,822 68
865,480 33
114,300
300
117,691
1,266
2,748
2,182

00
00
69
15
23
80

$2,789,791 88

$2,789,791 88

Cash on Deposit in Banks, amount in each: —
Athol National Bank, Athol............................................................................... $10,000 00
First National Bank, B o s t o n , ......................................................................
41,065
First National Bank, G a r d n e r ,......................................................................
37,266
Westminster National Bank, G a r d n e r , .....................................................
10,000
Northampton National Bank, N o r th a m p to n ,............................................
10,000
Springfield National Bank, S p r i n g f i e ld ,.....................................................
10,626


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

44
15
00
00
25

No. 8.]

SAYINGS'BANK COMMISSIONERS.

245

G ardner S avin gs B an k — Continued.
Loan on Public Funds : —
¡¡¡>5,000 City of Boston, Mass., 4 s , ............................................................. ->
15,000 Massachusetts 3 s , .......................................................................... >
6.000 Bangor & Aroostook R.R. 5s............................................................... J

$25,000 00

Loans on Bank Stock, amount on each : —
40 shares First National Bank, G ardner,.............................................................. $3,200
10 shares Westminster National Bank, G a r d n e r ,...................................
800
5 shares Westminster National Bank, G a r d n e r ,...................................
400
200 shares Traders National Bank, L o w e l l , ............................................
20,000
100 shares Fourth National Bank, Boston.......................................................
10,000

00
00
00
00
00

Loans on Railroad Bonds, amount on each : —
$30,000 Chicago, Burlington & Quincy R.R. 3 ¿ s , ................................... $25,000 00
18.000 Chicago, Burlington & Quincy R.R. 4 s , ................................... j
9,500 City of Holyoke, Mäss., 3¿s................................................................j
25,000 00

Detailed Statement o f Public Funds.
Par Value.

United States 4s...................................
County of Aroostook, Me., 4£s,
City of Chicago, 111 , 4s, .
of Haverhill, Mass., 4s, .
of New Britain, Conn., 4s,
of Scranton, Pa., 4£s,
of Sioux City, Iowa, 4£s, .
Town of Somersworth, N. H., 4s, .

$1,100
10,000
10,000
10,000
11,000
16,000
26,000
25,000

Estimated
Market Value.

$1,155
10,600
10,112
10,650
11,660
17,120
26,000
26,250

00
00
50
00
00
00
00
00

Amount Invested,

$1,100
10,000
10,000
10,000
11,000
16,000
26,000
25,000

00
00
00
00
00
00
00
00

$109,100 $113,547 50 $109,100 00

No. of
Shares.

Detailed Statement o f B ank Stocks.

18
3
15
50
20
25
20
10
50
26
80

Par Value.

Miller’s River N ’l B’k, Athol,
First National Bank, Barre,
Continental N ’l Bank, Boston,
Eliot National Bank, Boston, .
First National Bank, Boston, .
Mechanics Trust Co., Boston, .
Merchants N at'l Bank, Boston,
Metropolitan N ’l Bank, Boston,
N ’l B’k of the Republic, Boston,
Nat’l Exchange Bank, Boston,
N at’l Shawmut Bank, Boston,.


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

$1,800
■ 300
-

5,000
2,000
2,500
2,000
1,000
5,000
2,600
8,000

Estimated
Market Value.

$3,060
300
75
10,000
5,500
3,000
4,040
1,180
8,100
3,900
20,800

00
00
00
00
00
00
00
00
00
00
00

Amount Invested.

$1,800 00
300 00
_

5,000
2,000
2,500
2,000
1,000
5,000
2,600
8,000

00
00
00
00
00
00
00
00

246

[Pub. Doc.

REPORT OF THE
G ardner S a v in g s B an k — Continued.

No. of
Shares.

Detailed Statement o f Bank Stocks— Concluded.
Par Value.

5 New England N ’l B’k, Boston,
54 State National Bank, Boston, .
30 W intlirop N at’l Bank, Boston,
5 Connecticut River N at’l Bank,
Charlestown, N. H.,
8 First National Bank, Clinton, .
29 Rollstone N’l Bank, Fitchburg,
326 F irst National Bank, Gardner,
12 Leominster N ’l B’k, Leominster,
100 Orange N at’l Bank, Orange, .
34 Crocker N ’l B’k, T urner’s Falls,
51 First N at’l Bank, Winchendon,
28 Mechanics N’l B’k, Worcester,

$500
5,400
3,000
500
800
2,900
32,600
1,200
10,000
3,400
5,100
2,800

Estimated
Market Value.

$690 00
8,154 00
6,000 00
500
1,000
3,770
32,600
1,440
18,500
4,760
6,885
3,024

00
00
00
00
00
00
00
00
00

$98,400 $147,278 00

Amount Invested.

$500 00
5,400 00
3,000 00
500
800
2,900
32,600
1,200
10,000
3,400
5,100
2,800

00
00
00
00
00
00
00
00
00

$98,400 00

Detailed Statement o f Street Railway Bonds.
Estimated
Market Value.

Amount Investe d.

$25,000
30,000

$25,750 00
31,500 00

$25,000 00
30,000 €0

$55,000

$57,250 00

$55,000 00

Par Value.

Springfield Street Railway Co. 4s, .
W est End Street Railway Co. 4s, .

Detailed Statement o f Railroad Bonds.
Par Value.

Beech Creek R.R. 4s,
Boston & Maine R.R. 4s, .
Boston, Revere Beach & Lynn R.R.
4 ¿ s , .............................................
Chic., Burlington & Quincy R.R. 3is,
Chic., Burlington & Quincy R.R. 4s,
Chic., Burlington & Quincy R.R. 5s,
Chicago & Northwestern R.R. 7s, .
Connecticut River R.R. Sis,
Fitchburg R.R. 4s, .
Fitchburg R.R. 4is, . . . .


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

$10,000
10,000
25,000
10,000
20,000
31,000
3,000
5,000
46,000
3,000

Estimated
Market Value.

Amount Invested.

$10,600 00
10,650 00

$10,000 00
10,000 00

27,750
9,550
21,350
33,790
3,480
4,900
47,528
3,183

00
00
00
00
00
00
75
75

25,000
9,300
20,000
31,000
3,000
4,987
46,000
3,000

00
00
00
00
00
50
00
00

No. 8.]

SAYINGS BANK COMMISSIONERS.

247

G ardner S av in g s B a n k — Continued.
Detailed Statement o f Railroad Bonds — Concluded.
Par Value.

Grafton & Upton R.R. 4s,
Illinois Central R.R 3£s, .
Maine Central R.R 4s,
Maine Central R.R. 7s,
Maine Shore Line R.R. 6s,
Milwaukee, Lake Shore & W estern
R.R. 6 s ,.............................................
New York Central & Hudson River
R.R. 3és,
....................................
New York & New England R.R.
(term inal) 4s....................................
New York, New Haven & Hartford
R.R. 4 s ,.............................................
Old Colony R.R. 4s, .
Penobscot Shore Line R.R. 4s,
Portland & Rumford Falls R.R. 4 s,.
Princeton & Northwestern R.R. 3£s,
Sioux City & Pacific R.R. 3^s, .
Upper Coos R.R. 4s,
. . .

$26,000
50,000
5,000
6,000
25,000

Estimated
Market Value.

$19,500
47,250
5,087
7,110
29,000

00
00
50
00
00

Amount Invested.

$26,000
47,437
5,000
6,000
25,000

00
50
00
CO
00

10,000

13,200 00

10,000 00

10,000

9,900 00

9,850 00

10,000

12,000 00

10,000 00

53,000
10,000
15,000
10,000
10,000
10,000
15,000

56,180
10,750
15,412
10,362
9,725
9,650
15,000

00
00
50
50
00
00
00

54,250
10,000
15,000
10,000
9,775
9,500
15,000

00
00
00
00
00
00
00

$428,000 $442,910 00 $425,100 00

Total Amount o f Loans, with Each Specified Rate o f Interest.
Amount.

$41,065
41,626
37.000
75.000

44
25
00
00

Rate.

Amount.

Kate.

Amount.

Rate.

2J per cent.
3
H
“
3|
«

$207,895 56
205,000 00
315,335 00

4 per cent.
44
«
4è
“

$20,000 00
1,121,031 42
32,041 03

4 | per cent.
5
6
“

Number of loans which are of an amount not exceeding $3,000 each, 837
Aggregate amount of the s a m e , ......................................................................$817,692 86
Total number of loans upon real estate.....................................................783
Gross amount of interest or profits received, as per books, during year
ending Oct. 31, 1905...........................................................................................
127,539 44
Times when dividends are payable, as fixed by the by-laws : first day of
January and July. Deposits commence to draw interest: first day of
January, April, July and October.
Rate and amount of each semi-annual dividend f 2 per cent., $47,983 20 ) ^ 036 59
during the year ending Oct. 31, 1905,
.
• 2 per cent.,
49,053 39 J
Number of accounts opened during the year ending Oct. 31, 1905,
1,041
Number of accounts closed during the year ending Oct. 31, 1905,
. 676
Total number of open accounts Oct. 31, 1905,
. . . .
6,951


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

248

REPORT OF THE

[Pub. Doc.

G ardner S a v in g s B an k — Concluded.
Total expenses of the corporation for the year ending Oct. 31, 1905 (ex­
....................................................................................... $8,218 16
clusive of taxes),
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1905, .
............................................
419,594 45
Number of s a m e , ...............................................................................5,507
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 9 0 5 , ................................................................................................
387,760 92
Number of s a m e , ............................................................................... 3,735
Date of examination by commissioner : April 25.


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Federal Reserve Bank of St. Louis

No. 8.]

SAYINGS BANK COMMISSIONERS.

249

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

Incorporated May 26, 1868.
S h e r m a n N e l so n , President.
E d w a r d S. F ic k e tt , Treasurer.
G eorge S. W eston , Clerk of the Corporation.

Names of committee charged with the investment of its funds :
Ch a r l e s E . T y l e r ,
S h e r m a n N e l so n ,
S a m u e l T . P oor .

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

B alance S heet Oct. 31, 1905.

A ssets.

Public funds, as per schedule, .
Bank stock, as per schedule,
■Railroad bonds, as per schedule,
Street railway bonds, as per
schedule,...................................
Real estate by foreclosure, etc.,
Loans on real estate, .
Loans on personal security,
Deposit in bank, on interest,
Deposit in bank, not on interest,
Cash on hand................................

L ia b il it ie s .

$89,612 50
11,500 00
106,178 75
1,103
28,550
425.060
39,632
16,515
2,000
255

Deposits, .
Guaranty fund,
Interest account,

$682,135 13
37,000 00
1,274 49

75
24
57
48
38
00
95

$720,409 62

$720,409 62

Cash on Deposit in Bank : —
Georgetown National Bank, Georgetown........................................................ $18,515 38*
*

This amount, in excess of the legal limit, has been reduced.


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Federal Reserve Bank of St. Louis

[Pub. Doc.

REPOET OF THE

250

G e o rg e to w n S a v in g s B a n k — Continued.
Detailed Statement o f Public Funds.
Par Value.

City of Altoona, Pa., 4s, .
of Boston, Mass., 4s,
of Chicopee, Mass., 4s,
of Cleveland, Ohio, 4s,
of Grand Rapids, Mich., 4s,
of Johnstown, Pa., 3£s, .
of Kansas City, Mo., 4£s,.
of Marlborough, Mass., 4s,
of Medford, Mass., 4s,
of Milwaukee, Wis., 5s, .
of Minneapolis, Minn., 4<Js,
of New Bedford, Mass., 4s,
Town of Methuen, Mass , 4s, .

$6,240
5,300
1,050
16,360
5,025
4,875
16,181
1,070
4,020
10,300
5,387
5,400
10,700

$6,000
5,000
1,000
16,000
5,000
5,000
15,000
1,000
4,000
10,000
5,000
5,000
10,000
$88,000

*

Estimated
Market Value.

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

$91,908 75

Amount Invested.

$6,000
5,000
1,000
16,000
5,000
5,100
16,512
1,000
4,000
10,000
5,000
5,000
10,000

00
00
00
00*
00
00
50
00
00
00
00
00
00

$89,612 50

A legal investment when made.

No. of
Shares.

Detailed Statement o f Bank, Stocks.

45
20
50

Par Value.

Georgetown National Bank,
Georgetown,
First National Bank, Ipswich,
Essex N ational Bank, H averhill,

Estimated
Market Value.

Amount Invested.

$4,500
2,000
5,000

$4,500 00
2,000 00
4,500 00

$4,500 00
2,000 00
5,000 00

$11,500

$11,000 00

$11,500 00

Detailed Statement o f Street Railway Bonds.
Par Value.

Hoosac Valley Street Railway Co. 5s,


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

$1,000

Estimated
Market Value.

$1,100 00

Amount Invested.

$1,103 75

No. 8.]

251

SAYINGS BANK COMMISSIONERS.
G eo rg eto w n S av in g s B an k — Continued.
Detailed Statement o f Railroad Bonds.
Par Value.

Bennington & Rutland R.R. 4£s,
Boston & Albany R.R. 3is,
Boyer Valley R.R. 3£s,
Concord & Montreal R.R. 4s, .
Fitchburg R.R. 4s, .
Illinois Central R.R. 3s, .
Illinois Central R.R. 3£s,.
Illinois Central R.R. 4s, .
Maine Central R.R. 4s,
Maine Central R.R. 7s,
.
.
Minnesota & Iowa R.R. 3£s, .
N. Y. & N. E. R.R. (term inal) 4s, .
U pper Coos R R. 4s,
Upper Coos R.R. 4£s,

$10,000
5,000
10,000
4,000
12,000
15,000
10,000
14,000
5,000
5,000
5,000
5,000
3,000
3,000

Estimated
Market Value.

$10,500
5,050
9,800
4,160
12,600
12,525
9,500
15,075
5,100
5,937
4,875
5,850
3,090
3,315

Amount Inve sted.

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

$10,000
5,187
10,137
4,000
12,000
13,575
9,800
15,360
5,000
5,000
5,118
5,000
3,000
3,000

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

$106,000 $107,377 50 $106,178 75

Total Am ount of Loans, with Each Specified Rate o f Interest.
Amount.

$16,515 38
392,348 28

Rate.

3 per cent.
5

Amount.

$2,250 00
67,994 77

Rate.

5J per cent.
6

Amount.

$2,100 00

Value, by books, of real estate held or owned by foreclosure or otherwise,
Assessed value of the s a m e ,.................................................. .
Number of loans which are of an amount not exceeding $3,000 each, 416
Aggregate amount of the s a m e , ......................................................................
Total number of loans upon real e s t a t e , ............................................367
Amount of investments from which no income is received............................
Gross amount of interest or profits received, as per books, during year
ending Oct. 31, 1905...........................................................................................
Times when dividends are payable, as fixed by the by-laws: fourth
Wednesday of April and October. Deposits commence to draw interest:
third Wednesday of January, April, July and October.
Rate and amount of each semi-annual dividend f If per cent., $11,722 55
during the year ending Oct. 31, 1905,
. 1 If per cent., 11,549 13
Number of accounts opened during the year ending Oct. 31, 1905, . 102
Number of accounts closed during the year ending Oct. 31, 1905,
. 103
Total number of open accounts Oct. 31, 1905,
. . . .
2,075


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

Rate.

7 per cent.

$28,550 24
26,300 00
387,893 05
13,460 74
29,836 57

23.271 68

252

REPORT OF THE

[Pub. Doc.

G eo rg eto w n S av in g s B an k — Concluded.
Total expenses of the corporation for the year ending Oct. 31, 1905 (ex­
clusive of taxes),
........................................................................................$1,864 53
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 5 ,.......................................................................................
43,205 00
Number of s a m e , ....................................................................................... 634
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 9 0 5 , ................................................................................................
78,026 08
Number of s a m e , ....................................................................................... .....
Date of examination by commissioner: June 22.


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

No. 8.]

SAYINGS BANK COMMISSIONED.

253

G R A F T O N S A V IN G S B A N K — G R A F T O N .

Incorporated March 13, 1869.
A l b e r t L. F is h e r , President.
J o seph A . D odg e , Treasurer.
J oseph A . D odg e , Clerk o f the Corporation.

Names of committee charged with the investment of its funds :
A l b e r t L. F is h e r ,
Clar en c e R . P ratt ,
E dw ard P . U sh er ,
S olon F . S m it h ,
Ol iv e r M. W in g .

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

m.

; 1.30 to 4 p . m . ;

Balance S heet Oct. 31, 1905.
A ssets.

Bank stock, as per schedule,
Railroad bonds, as per schedule,
Street railway bonds, as per
schedule, .
. .
. .
Stocks, bonds, etc., taken to se­
cure indebtedness, .
Real estate by foreclosure, etc.,
Loans on real estate, .
Loans on personal security,
Deposit in bank, on interest,
Cash on hand................................

L ia b il it ie s .

$15,525 00
54,100 00
10,000 00
6,230
1,698
237,795
17,018
12,749
1,988

00
85
00
75
25
13

$357,104 98

Deposits, .
Guaranty fund,
Interest account,
Due on foreclosure
account,

$341,003 11
10,500 00
4,997 79
604 08

$357,104 98

Cash on Deposit in Bank : —
Worcester Trust Company, Worcester.............................................................$12,749 25


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

254

[Pub. Doc.

REPORT OF THE
G rafton S a v in g s B an k — Continued.
Detailed Statement o f B ank Stocks.

o p

Par Value.

£ 55

10 Eliot National Bank, Boston, .
15 F irst National Bank, Boston, .
5 Fourth National Bank, Boston,
50 Nat’l Shawmut Bank, Boston,
20 State National Bank, Boston, .
4 W ebster and Atlas National
Bank, Boston,
57 Grafton N at’l Bank, Grafton, .
6 Spencer N at’l Bank, Spencer, .

Estimated
Market Value.

$2,000
4,125
695
13,000
3,020

$1,000
1,500
500
5,000
2,000

00
00
00
00
00

Amount Invested

$1,200
2,200
500
7,000
2,300

00
00
00
00
00

400
1,425
600

568 00
1,425 00
900 00

400 00
1,425 00
500 00

$12,425

$25,733 00

$15,525 00

Detailed Statement o f Street Railway Bonds.

Boston & Northern Street Railway
Company 4 s ,.
W est End Street Railway Co. 4s, .

Par Value.

Estimated
Market Value.

Amount Invested.

$5,000

$4,712 50

$5,000 00*

5,000

5,312 50

5,000 00

$10,000

$10,025 00

$10,000 00

* A legal investment when made.

Detailed Statement o f Railroad Bonds.
Par Value.

Boston & Maine R.R. 3¿s.
Chic., Burlington & Quincy R.R. 4s,
Fitchburg R.R. 4s, .
Illinois Central R.R. 3s, .
New York, New Haven & H artford
R.R. 4s, .
Portland & Rumford Falls R.R. 4 s,.


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

Estimated
Market Value.

50
00
00
50

Amount Invested.

$5,000
10,000
10,000
5,000

$4,962
10,725
10,050
4,162

$4,800
10,000
10,000
4,300

00
00
00
00

10,000
15,000

10,625 00
15,787 50

10,000 00
15,000 00

$55,000

$56,312 50

$54,100 00

Ko. 8.]

255

SAYINGS BANK COMMISSIONERS.
G rafton S av in g s B a n k — Concluded.

Total Amount o f Loans, with Each Specified Rate o f Interest.
Amount.

$12,749 25
5,268 75
25,500 00

Kate.

2 per cent.
4
“
4h
“

Amount.

$5,000 00
162,100 00

Kate.

4 | per cent.
5
“

Rate.

Amount.

$7,780 00
49,165 00

5^ per cent.
6

Value, by books, of real estate held or owned by foreclosure or otherwise,
Assessed value of the s a m e ,...............................................................................
Net income received from same during the year ending Oct. 31, 1905,
.
Number of loans which are of an amount not exceeding $3,000 each, 150
Aggregate amount of the s a m e , ......................................................................
Total number of loans upon real e s t a t e , ............................................167
A m o u n t of investm ents from which no incom e is received,
.
.
.
Gross am ou nt o f interest or profits received, as per books, during year
endin g Oct. 31, 1905, .
.
.
.
.
.
.
.
.
.
.

Times when dividends are payable, as fixed by the by-laws: fifteenth day
of January and July. Deposits commence to draw interest: first day of
January, April, July and October.
Rate and amount of each semi-annual dividend f 2 per cent., $6,094 85 j
during the year ending Oct 31, 1905,
.
1 2 per cent.,
6,423 81)
Number of accounts opened during the year ending Oct. 31, 1905, . 88
Number of accounts closed during the year ending Oct. 31, 1905, . 63
Total number of open accounts Oct. 31, 1 9 0 5 , ................................... 768
Total expenses of the corporation for the year ending Oct. 31, 1905 (ex­
clusive of taxes),
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1905, .
.
.
.
.
.
.
.
.
.
.
Number of s a m e , ......................................................................................461

$1,698 85
1,870 00
44 48
160,145 00
1,190 00
15,873 69

12 51g 66

1,474 75
51,719 16

A m o u n t o f w ithdraw als, in clu d in g dividends, during the year ending

Oct. 31, 1 9 0 5 , ...............................................................................
37,600
Number of s a m e , ...................................................................................... 464
Date of examination by commissioner: May 8.


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

68

256

REPORT OF THE

/

[Pub. Doc.

G R A N IT E S A V IN G S B A N K — R O C K PO R T.

Incorporated March 21, 1884.
H e n r y H. T h u r sto n , President.
N a t h a n ie l R ic h a r d so n , Jr., Treasurer.
N a t h a n ie l R ic h a r d so n , Jr., Clerk of the Corporation.

Names of committee charged with the investment of its funds :
H e n r y H . T h u r st o n ,
G eorge G r i f f i n ,
G eorge A . L o w e ,
J am es A bbott ,
B e n ja m in N . T a r r .

Open for business every business day, 9 a . m . to 12 m . ; Wednesdays and Saturdays,
2 to 3 p .m . ; Saturdays, 6 to 7 p . m .

B a la n c e S h e e t O ct . 31, 1905.

A ssets.

Public funds, as per schedule, .
Bank stock, as per schedule,
Railroad bonds, as per schedule,
Street railway bonds, as per
schedule,................................... ,
Stocks, bonds, etc., taken to
secure indebtedness,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
( n o t e s ) , ...................................
Deposits in banks, on interest, .
Deposits in banks, not on interest,
Furniture and fixtures,
Cash on hand, . . . .

L ia b il it ie s .

$69,000 00
4.000 00
13,650 00
3.000 00

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

$303,398 63
9,400 00
1,209 14

5,800 00
171,722 00
16,825 00
8,100
18,298
2,694
300
617

00
82
37
00
58

$314,007- 77

$314,007 77

Cash on Deposit in Banks, amount in each: —
City National Bank, Gloucester,......................................................................$2,000 00
Gloucester Safe Deposit and Trust Company, Gloucester, . . . .
16,298 82
Rockport National Bank, Rockport..................................................................
2,694 37


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

No. 8.]

SAVINGS BANK COMMISSIONERS

257

G ran ite S a v in g s B a n k — Continued.
Detailed Statement o f Public Funds.
Par Value.

Massachusetts 3£s, . . . .
County of Aroostook, Me., 4£s,
City of Akron, Ohio, 4^s,
of Bay City, Mich., 4s,
of Bridgeport, Conn., 4s, .
of Brockton, Mass., 5s,
of Chelsea, Mass., 4s,
of Chicopee, Mass., 3£s, .
of Dayton, Ohio, 3£s,
of Dayton, Ohio, 4 s,.
of Everett, Mass., 4s,
of Holyoke, Mass., 3£s, .
of Kansas City, Mo., 4 is ,.
of Lynn, Mass., 3£s,
of Lynn, Mass., 4s, .
of Meriden, Conn., 3<Js, .
of Middletown, Conn., 3.65s, .
of Milwaukee, Wis., 5s, .
of New Bedford, Mass., 4s,
of Pawtucket, R. I., 4s, .
of Pittsburgh, Pa., 4s,
of Quincy, Mass., 3£s,
of Rockford, 111., 4£s,
of Saginaw, Mich., 4s,
of Schenectady, N. Y., 4s,
of Sioux City, Iowa, 4 £ s,.
of South Norwalk, Conn., 4s, .
of Stoneham, Mass., 4s, .
of W altham, Mass., 4s, .
of W aterbury, Conn., 4 s ,.
of Woburn, Mass , 4s,
Town of Marblehead, Mass., 4s,
of Orange, Mass., 4s,
of Rockport, Mass., 3£s,
of Rockport, Mass., 4s, .
of Swampscott, Mass., 3£s, .


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

Estimated
Market Value.

$2,020
2,100
1,060
1,010
1,050
1,050
1,060
1,000
2,000
1,040
1,060
3,000
2,140
3,000
1,050
2,000
1,000
1,030
5,050
2,040
1,050
1,000
2,040
2,000
2,120
3,070
1,060
3,180
1,060
1,050
3,010
1,050
2,120
4,000
6,055
2,000

$2,000
2,000
1,000
1,000
1,000
1,000
1,000
1,000
2,000
1,000
1,000
3,000
2,000
3,000
1,000
2,000
1,000
1,000
5,000
2,000
1,000
1,000
2,000
2,000
2,000
3,000
1,000
3,000
1,000
1,000
3,000
1,000
2,000
4,000
6,000
2,000
869,000

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

$70,625 00

* Legal investments when made.

Amount Invested.

$2,000
2,000
1,000
1,000
1,000
1,000
1,000
1,000
2,000
1,000
1,000
3,000
2,000
3,000
1,000
2,000
1,000
1,000
5,000
2,000
1,000
1,000
2,000
2,000
2,000
3,000
1,000
3,000
1,000
1,000
3,000
1,000
2,000
4,000
6,000
2,000

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

$69,000 00

258

[Pub. Doc.

REPORT OF THE
G ran ite S a v in g s B a n k — Continued.

No. of
Shares.

Detailed Statement o f B ank Stocks.
Par Value.

12

Cape Ann N ’l B’k, Gloucester,
First N at’l Bank, Gloucester, .
10 Gloucester Safe Deposit and
T rust Company, Gloucester,
12 Rockport N at’l B’k, Rockport,
6

Estimated
Market Value.

Amount Invested.

81,200
600

$1,800 00
876 00

$1,200 00
600 00

1,000
1,200

1,800 00
1,200 00

1,000 00
1,200 00

$4,000

$5,676 00

$4,000 00

Detailed Statement o f Street Railway Bonds.
Par Value.

W est End Street Railway Co. 4s,

.

$3,000

Estimated
Market Value.

$3,125 00

Amount Invested.

$3,000 00

Detailed Statement o f Railroad Bonds.
Par Value.

Boston & Maine R.R. 4ès,
Chic., Burlington & Quincy R.R. 3£s,
Fitchburg R.R. 3¿s, . . . .
Fitchburg R.R. 4s, .
Illinois Central R R. 3s, .
Maine Central R.R 4s,
New York, New Haven & Hartford
R .R .3¿s,
....................................

$3,000
2,000
3,000
3,000
2,000
500

Estimated
Market Value.

$3,540
1,910
2,970
3,165
1,700
510

00
00
00
00
00
00

Amount Invested.

$3,000
1,800
2,850
3,000
1,550
500

00
00
00
00
00
00

1,000

957 00

950 00

$14,500

$14,752 00

$13,650 00

Total Amount o f Loans, with Each Specified Rate o f Interest.

$4,577 43
11,721 39
1,000 00

3 per cent.
H

3|


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

“

“

Amount.

V 'hoo
oo
oo
oo

Kate.

Amount.

Rate.

4 per cent.
5
“

Amount.

$18,600 00
160,547 00

Kate.

6

per cent.
“

No. 8.]

SAYINGS BANK COMMISSIONERS.

259

G ranite S av in g s B an k — Concluded.
Number of loans which are of an amount not exceeding $3,000 each, 233
Aggregate amount of the same........................................................................... $172,017 00
Total number of loans upon real e s t a t e , ............................................212
Gross amount of interest or profits received, as per books, during year
ending Oct. 31, 1 9 0 5 ,.......................................................................................
14,208 77
Times when dividends are payable, as fixed by the by-laws : eighth day of
April and October. Deposits commence to draw interest: first day of
January, April, July and October.
Rate and amount of each semi-annual dividend K2 per cent.,
$5,181 72
10,728 12
during the year ending Oct. 31, 1905,
. f 2 per cent.,
5,546 40
Number of accounts opened during the year ending Oct. 31, 1905, . 147
Number of accounts closed during the year ending Oct. 31, 1905,
. 105
Total number of open accounts Oct. 31, 1905,
. . . .
1,229
Total expenses of the corporation for the year ending Oct. 31, 1905 (ex­
clusive of taxes),
.......................................................................................
1,305 07
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 5 ,.......................................................................................
72,302 52
Number of s a m e , ...............................................................................1,239
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 9 0 5 , ................................................................................................
46,761 55
Number of s a m e , ...............................................................................1,013
Date of examination by commissioner : July 13.

/


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Federal Reserve Bank of St. Louis

260

REPORT OF THE

[Pub. Doc.

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

Incorporated Feb. 3, 1869.
W il l ia m C. H in m a n , President.
Cl a r e n c e f t . S a b i n , Treasurer.
Cla r e n c e R. S a b i n , Clerk o f the Corporation.

Names of committee charged with the investment of its funds :
W il l ia m C. H in m a n ,
W il l ia m W . N orton ,
Orla ndo C. B id w e l l ,
M er r it t I. W h e e l e r ,
A l f r e d S. F a sse t t .

Open for business every business day, 9 a

.m .

to 12 m . ; 1 to 3 p

.m .

B a la n c e S h e e t O c t . 31, 1905.

A ssets.

Public funds, as per schedule, .
Bank stock, as per schedule,
Loans on bank stock,
Railroad bonds, as per schedule,
Street railway bonds, as per
schedule......................................
Boston Terminal Co. bonds,
Real estate by foreclosure, e tc .,.
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
( n o t e s ) , ...................................
Deposits in banks, on interest, .
Deposits in banks, not on interest,
Cash on hand, . . . .

L ia b il it ie s .

$45,(100
47,264
1.350
322,675

00
26
00
00

34,850
70.000
1,355
533,071
32,754

00
00
00
25
00

11.000
41,635
15,096
520

00
86
80
03

Deposits, .
Guaranty fund,
Interest account,

$1,156,572 20

Cash on Deposit in Banks, amount in each : —
National Mahaiwe Bank, Great Barrington,
. . .
Pynchon National Bank, Springfield (in liquidation),
Springfield Safe Deposit and Trust Company, Springfield,
Loans on Bank Stock, amount on each : —
10 shares National Mahaiwe Bank, Great Barrington,
10 shares National Mahaiwe Bank, Great Barrington,


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

$1,084,513 86
40,500 00
31,558 34

$1,156,572 20

$35,401 78
201 62
21,129 26

$850 00
500 00

No. 8.]

SAVINGS BANK COMMISSIONERS

261

G reat B arrin gton S avin gs B a n k — Continued.
Detailed Statement o f Public Funds.
Estimated
Market Value.

Amount Invested.

$10,000
20,000
15,000

$10,000 00
20,550 00
16,350 00

$10,000 00
20,000 00
15,000 00

$45,000

$46,900 00

$45,000 00

Par Value.

City of Bridgeport, Conn., 3£s,
of Chicago, 111., 4s, .
of Youngstown, Ohio, 4^s,

No. of
Shares.

Detailed Statement o f Bank Stocks.
Estimated
Market Value.

Amount Invested.

$600
3,500
1,000
2,500
1,400
5,400

$720
4,725
1,310
5,050
2,520
7,452

$873
4,663
1,300
3,392
1,890
7,290

4,600
2,400

6,900 00
3,960 00

5,925 00
3,416 67

3,600
100
8,700

4,140 00
160 00
13,050 00

4,248 00
135 00
13,680 00

300

480 00

450 00

$34,100

$50,467 00

$47,264 26

Par Value.

6 First National Bank, Adams, .
35 Atlantic N at’l Bank, Boston, .
10 Faneuil Hall N at’l B’k, Boston,
25 Merchants N at’l Bank, Boston,
14 National Union Bank, Boston,
54 New England N ’l B’k, Boston,
46 National Mahaiwe Bank, Great
Barrington, . . . .
24 Lee National Bank, Lee, .
36 N orth Adams National Bank,
North Adams,
1 Pittsfield N at’l Bank, Pittsfield,
87 Chicopee N ’l B’k, Springfield,
3 Housatonic National B a n k ,
Stockbridge, . . . .

00
00
00
00
00
00

34
75
00
50
00
00

Detailed Statement of Street Railway Bonds.
Estimated
Market Value.

Amount Invested.

$15,000
10,000
10,000

$14,850 00
11,100 00
10,550 00

$14,850 00
10,000 00*
10,000 00

$35,000

$36,500 00

$34,850 00

Par Value.

Hoosac Valley Street Railway Co. 4s,
Lynn & Boston Railroad Co. 5s,
W est End Street Railway Co. 4s, .


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Federal Reserve Bank of St. Louis

A legal investment when made.

REPORT OF THE

262

[Pub. Doc.

G reat B a rrin g to n S a v in g s B a n k — Continued.
Detailed Statement o f Railroad Bonds.
Par Value.

Bangor & Aroostook R.R. 5s, .
Boston & Lowell R.R. 4s,
Boston & Maine R.R. 3ès,
Boston & Maine R.R. 4s, .
Chic., Burlington & Quincy R.R. 3¿s,
Chic., Burlington & Quincy R.R. 4s,
Connecticut River R.R. 3¿s,
Connecticut River R.R. 4s,
Fitchburg R.R, 4s, .
New York, New Haven & H artford
R.R. 3¿s,
.
.
.
.
.
New York, New Haven & H artford
R.R. 4s,.
. . . .
Old Colony R.R, 4s,.
W ashington County^ R.R. 3ès, .

$20,000
30,000
10,000
39.000
30,000
10,000
11,000
9,000
40,000

Estimated
Market Value.

$24,400
31,387
9,800
41,585
28,650
10,675
10,780
9,720
42,087

Amount Invested.

00
50
00
00
00
00
00
00
50

$20,000
30,000
10,000
39,000
29,925
10,000
11,000
9,000
40,000

00
00
00
00
00
00
00
00
00

30,000

28,950 00

30,000 00

15,000
55,000
25,000

15,825 00
58,750 00
23,875 00

15,000 00
55,000 00
23,750 00

$324,000

$336,485 00 $322,675 00

Boston Term inal Company Bonds.
Par Value.

Boston Terminal Company 3¿s,

$70,000

Estimated
Market Value.

Amount Invested.

$77,700 00

$70,000 00

Total Am ount o f Loans, with Each Specified Rate o f Interest.
Amount.

$41,434 24
6,500 00

Rate.

3 per cent.
4
“

Amount.

$17,000 00
533,449 00

Kate.

4¿ per cent.

Amount.

$21,427 87

6 per cent.

5

Value, by books, of real estate held or owned by foreclosure or otherwise,
Assessed value of the s a m e ,...............................................................................
Net income received from same during the year ending Oct. 31, 1905,
.
Number of loans which are of an amount not exceeding $3,000 each, 263
Aggregate amount of the same............................................................................
Total number of loans upon real e s t a t e , ............................................ 271


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

Rate.

$1,355 00
1,333 34
15 00
249,080 25

No. 8.]

SAVINGS BANK COMMISSIONERS.

263

G reat B arrin gton S a v in g s B an k — Concluded.
Gross amount of interest or profits received, as per books, during year
$47,557 65
ending Oct. 31, 1 9 0 5 ,.......................................................................................
Times when dividends are payable, as fixed by the by-laws: first Thurs­
day of January and July. Deposits commence to draw interest: first
day of January, April, July and October.
Rate and amount of each semi-annual dividend f 1| per cent., $16,109 00 1 32,976 06
during the year ending Oct. 31, 1905,
.
( 1| per cent., 16,867 06 )
Number of accounts opened during the year ending Oct. 31, 1905, . 608
Number of accounts closed during the year ending Oct. 31, 1905,
. 407
Total number of open accounts Oct. 31, 1905,
. . . .
3,690
Total expenses of the corporation for the year ending Oct. 31, 1905 (ex­
2,812 00
clusive of taxes),
.......................................................................................
Amount of deposits, not including dividends, received during the year
265,322 34
ending Oct. 31, 1 9 0 5 ,.......................................................................................
Number of same....................................................................................3,470
Amount of withdrawals, including dividends, during the year ending
188,031 16
Oct. 31, 1 9 0 5 , ................................................................................................
Number of s a m e , ...............................................................................2,437
Date of examination by commissioner: May 17.


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Federal Reserve Bank of St. Louis

264

REPORT OF THE

[Pub. Doc

G R E E N F IE L D S A V IN G S B A N K — G R E E N F IE L D .
Incorporated March 19, 1869.
R o be rt A b e r c r o m b ie , President.
W il l ia m F . A ik e n , Treasurer.
S ame el D. C o nant , Clerk o f the Corporation.

Names of committee charged with the investment of its funds:
W il l ia m A . F o r b e s ,
R o be rt A b e r c r o m b ie ,
L e v i J. G u n n ,
C h a r l e s R. L o w e l l ,
S eorem B. S l a t e .

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

B a l a n c e S h e e t O ct . 31, 1905.

A ssets.

Public funds, as per schedule, .
Bank stock, as per schedule,
Loans on bank stock,.
Railroad bonds, as per schedule,
Street railway bonds, as per
schedule,...................................
Loan on railroad stock,
Stocks, bonds, etc., taken to se­
cure indebtedness, .
Real estate by foreclosure, etc.,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
( n o t e s ) , ...................................
Loans on depositors’ books,
Deposits in banks, on interest, .
Expense account,
Premium account,
Interest account , . . . .
Suspense account,
Cash on hand, . . . .

L ia b il it ie s .

$8,000
72,260
2,575
895,243

00
00
65
75

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

$3,223,055 90
151,600 00
26,160 69

110,000 00
50 00
22,000
115,246
1,563,883
412,562

00
83
10
09

63,100
1,155
114,312
3,068
9,228
435
4,656
3,039

00
00
62
51
13
00
65
26

$3,400,816 59

Cash on Deposit in Banks, amount in each : —
Miller’s River National Bank, A th o l,...................................
National Bank of Commerce, Boston,
. . . .
Peoples National Bank, Brattleboro, Vt., . . . .
Conway National Bank, C o n w a y , ...................................
First National Bank, Gardner.................................................


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

$3,400,816 59

.

.

.

$5,802
19,636
10,000
5,000
10,000

04
58
00
00
00

No. 8.]

SAYINGS BANK COMMISSIONERS.

265

G reen field S avin gs B a n k — Continued.
Franklin County National Bank, G r e e n fie ld ,............................................$33,874 00
Northampton National Bank, N o r th a m p to n ,............................................
20,000 00
Orange National Bank, Orange.........................................................................
10,000 00
Loans on Bank Stock, amount on each: —
3 shares Miller’s River National Bank, Athol,
4 shares Conway National Bank, Conway,
2 shares First National Bank, Greenfield,
4 shares First National Bank, Greenfield,
22 shares Packard National Bank, Greenfield,

$250
240
150
400
1,535

Loan on Railroad Stock : —
2 shares Vermont & Massachusetts R .R .,.....................................................

00
00
00
00
65*

$50 00

* In liquidation.

Detailed Statement o f Public Funds.

Town of Greenfield, Mass., 4s,

Par Value.

Estimated
Market Value.

$ 8 ,0 0 0

$ 8 ,1 0 0 0 0

Amount Invested.

$ 8 ,0 0 0 0 0

No. of
Shares.

Detailed Statement o f Bank Stocks.

70
30
37
34
50
60
12
55
67
25
75
18
45
70
36
15
25

Par Value.

Boylston Nat’l Bank, Boston,
South End N at’l Bank, Boston,
Conway Nat’l Bank, Conw ay,.
First N at’l Bank, Greenfield, .
City National Bank, Holyoke,
North Adams Nat’l B’k, North
Adams......................................
First N at’l B’k, Northampton,
Orange Nat’l Bank, Orange, .
Palmer National Bank, Palmer,
Shelburne Falls N at’l Bank,
Shelburne Falls, .
Chapin N at’l B’k, Springfield,
Chicopee N’l B’k, Springfield,
City Nat’l Bank, Springfield,
First Nat’l Bank, Springfield, .
Second N’l Bank, Springfield,
Crocker Nat’l Bank, T urner’s
F a l l s , ....................................
F irst N at’l Bank, Westfield,


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Federal Reserve Bank of St. Louis

Estimated
Market Value.

Amount Invested.

$7,000
3,000
3,700
3,400
5,000

$7,000
2,700
3,700
5,100
5,750

00
00
00
00
00

$7,000
2,860
3,700
3,400
5,000

00
00
00
00
00

6,000
1,200
5,500
6,700

6,900
1,560
10,175
6,700

00
00
00
00

6,000
1,200
5,500
6,700

00
00
00
00

2,500
7,500
1,800
4,500
7,000
3,600

3,625
9,000
2,700
6,525
8,050
4,860

00
00
00
00
00
00

2,500
7,500
1,800
4,500
7,000
3,600

00
00
00
00
00
00

1,500
2,500

2,100 00
3,375 00

1,500 00
2,500 00

$72,400

$89,820 00

$72,260 00

[Pub. Doc.

REPORT OF THE

266

G reen field S a v in g s B a n k — Continued.
Detailed Statement o f Street Railway Bonds.
Par Value.

Athol & Orange Street Railway
Co. o s , .............................................
Lynn & Boston Railroad Co. 5s,
Springfield Street Railway Co. 4s, .

$10,000
50.000
50.000

Estimated
Market Value.

Amount Invested.

$10,825 00
55.250 00
51.250 00

$10,000 00
50.000 00*
50.000 00

$110,000 $117,325 00 $110,000 00
* A legal Investment when made.

Detailed Statement o f Railroad Bonds.
Par Value.

Boston & Maine R.R. 3s, .
Chic., Burlington & Quincy R.R. 3£s,
Chic., Burlington & Quincy R.R. 4s,
Chicago & Northwestern R.R. 5s, .
Fitchburg R.R. 4s, .
Fremont, Elkhorn & Missouri Valley
R.R. 6 s ,.............................................
Illinois Central R.R. 3s, .
Illinois Central R.R. 3£s,.
Mahoning Coal R.R 5s, .
Milwaukee Lake Shore & W estern
R.R. 5 s ,.............................................
N ew port & Richford R.R. 5s, .
Old Colony R.R. 4s, .
Sioux City & Pacific R.R. 3 £ s,.
Washington County R.R. 34s, .

Estimated
Market Value.

Amount Invested

$50,000
125,000
175,000
50,000
50,000

$43,000
119,375
180,187
55,000
51,312

00
00
50
00
50

$50,000
124,600
175,000
50,000
50,000

00
00
00
00
00

10,000
100,000
100,000
30,000

13,975
83,500
94,500
37,050

00
00
00
00

10,000
90,400
97,093
30,000

00
00
75
00

100,000
10,000
50,000
50,000
10,000

120,000
10,475
53,875
48,437
9,425

00
00
00
50
00

100,000
10,000
50,000
48,750
9,400

00
00*
00
00
00

$910,000 $920,112 50 $895,243 75
* A legal investment when made.

Total Am ount o f Loans, with Each Specified Rate o f Interest.
Amount.

$19,636 58
39,676 04
50,000 00

Kate.

2 per cent.
2*
“
3
“


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Federal Reserve Bank of St. Louis

Amount.

$5,000 00
52,875 00
71,900 00

Rate.

3^ per cent.
4
4*
“

Amount.

Kate.

$1,816,991 44 5 per cent.
42,176 00 54
“
59,383 40 6

No. 8.]

SAVINGS BANK COMMISSIONERS.

267

G reen field S avin gs B a n k — Concluded.
Value, by books, of real estate held or owned by foreclosure or otherwise, $115,246 83
67,650 00
Assessed value of s a m e , ...............................................................................
1,105 50
Net income received from same during the year ending Oct. 31, 1905,
Number of loans which are of an amount not exceeding $3,000 each, 780
716,545 44
Aggregate amount of the s a m e , ......................................................................
Total number of loans upon real e s t a t e , ............................................ 872
Gross amount of interest or profits received, as per books, during year
157,303 28
ending Oct. 31, 1 9 0 5 ,.......................................................................................
Times when dividends are payable, as fixed by the by-laws: first day of
January and July. Deposits commence to draw interest: first day of
January, April, July and October.
Rate and amount of each semi-annual dividend f 2 per cent., $61,583 24
124,198 83
during the year ending Oct. 31,1905,
.
t 2 per cent.,
62,615 59
Number of accounts opened during the year ending Oct. 31, 1905, . 697
Number of accounts closed during the year ending Oct. 31, 1905,
. 612
Total number of open accounts Oct. 31, 1905..................................
7,150
Total expenses of the corporation for the year ending Oct. 31, 1905 (ex­
8,548 46
clusive of taxes),
.......................................................................................
Amount of deposits, not including dividends, received during the year
405,514 29
ending Oct. 31, 1 9 0 5 ,.......................................................................................
Number of same....................................................................................4,250
Amount of withdrawals, including dividends, during the year ending
458,957 25
Oct. 31, 1905.........................................................................................................
Number of s a m e , ...............................................................................4,050
Date of examination by commissioner: October 4, 5.


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Federal Reserve Bank of St. Louis

[Pub. Doc

REPORT OF THE

268

H A M P D E N S A V IN G S B A N K — S P B IN G F IE L D .

Incorporated April 13, 1852.
C. L. G a r d n e r , President.
P. S. B a il e y , Treasurer.
P. S. B a i l e y , Clerk o f the Corporation.

Names of committee charged with the investment of its funds:
C. L. G a r d n e r ,
F. E. Ca r p e n t e r ,
D w ig h t O. G il m o r e ,
F. H. S t e b b in s .

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

B a l a n c e S h e e t O c t . 31, 1905.

A ssets.

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

L ia b il it ie s .

$135,000
102,870
4,000
1,364,342
4,700

00
00
00
00
00

50,000
13,500
275,000
14,323
1,025,295
742,446

00
00
00
88
00
11

10,000
30,000
9,457
2,177
3,625
2,000
4,695

00
00
32
68
00
00
33

$3,793,432 32

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

$3,581,886 48
179,300 00
16,360 62
15,885 22

$3,793,432 32

Cash on Deposit in Banks, amount in each : —
Chapin National Bank, S p r in g fie ld ,............................................................. $3,608 79
City National Bank, Springfield,......................................................................
20,000 00
John Hancock National Bank, S p r i n g f i e l d , ............................................
5,848 53
Third National Bank, S p r i n g f i e ld ,.............................................................
10,000 00


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Federal Reserve Bank of St. Louis

No. 8.]

SAYINGS BANK COMMISSIONERS.

269

H a m p d en S a v in g s B a n k — Continued.
Loans on Bank Stock, amount on each : —
10 shares Chapin National Bank, S p rin g fie ld ,......................................................$1,000 00
3 shares Chapin National Bank, S p rin g fie ld ,............................................
300 00
3 shares North Adams National Bank, North Adams, . . . .
200 00
5 shares Second National Bank, S p r in g fie ld ,........................................
500 00
20 shares Springfield National Bank, S p r in g fie ld ,...................................
2,000 00
Loan on Railroad Bonds : —
$5,000 New York, New Haven & Hartford R.R. 3^s,

.

.

.

.

$4,700 00

Loans on Railroad Stock, amount on each : —
50 shares New York, New Haven & Hartford R .R .,................................... i
45 shares Old Colony R .R .,...............................................................................}
32 shares New York, New Haven & Hartford R .R .,...................................

$12,000 00
1,500 00

Detailed Statement o f Public Funds.

City of Boston, Mass., 3£s,
of Providence, R. I., 3s, .
of Pittsfield, Mass., 3£s, .

Par Value.

Estimated
Market Value.

Amount Invested.

$50,000
50,000
35,000

$50,312 50
47,000 00
35,000 00

$50,000 00
50,000 00
35,000 00

$135,000 $132,312 50 $135,000 00

No. of
Shares.

Detailed Statement o f Bank Stocks.

31 Freemans N at’l Bank, Boston,
50 N ’l B’k of the Republic, Boston,
50 N at’l Shawmut Bank, Boston,
60 First National Bank, Chicopee,
18 First N at’l B’k, Northampton,
64 Ham pshire Co. National Bank,
Northampton,
30 F irst N at’l Bank, Norwich, C t ,
25 Uncas N ’l Bank, Norwich, Ct.,
260 Agawam N ’l B’k, Springfield,
200 Chapin N at’l B’k, Springfield,
50 Chicopee N’l B’k, Springfield,
50 F irst N at’l Bank, Springfield, .
50 John Hancock National Bank,
Springfield, . . . .
74 Third N at’l Bank, Springfield,
75 W are National Bank, W are, .


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

Par Value.

Estimated
Market Value.

Amount Invested.

00
00
00
00
00

$3,100 00
6,300 00
7,500 00

1,800

$3,224
8,100
13,000
300
2,340

6,400
3,000
2,500
7,800
20,000
5,000
5,000

6,720
3,000
2,500
1,300
24,000
7,500
5,750

00
00
00
00
00
00
00

7,060
3,000
2,500
7,800
21,000
8,600
6,525

$3,100
5,000
5,000
-

5,000
7,400
7,500

5,750 00
15,540 00
8,250 00

_

1,800 00
00
00
00
00
00
00
00

6,075 00
11,560 00
10,050 00

$84,500 $107,274 00 $102,870 00

270

REPORT OF THE

[Pub. Doc.

H am p d en S a v in g s B a n k — Continued.
Detailed Statement o f Street Bailway Bonds.

Springfield Street Railway Co. 4s, .

Par Value.

Estimated
Market Value.

Amount Invested.

$50,000

$51,500 00

$50,000 00

Detailed Statement o f Railroad Bonds.
Par Value.

Boston & Albany R.R. 4s,
Boston & Lowell R.R. 4s,
Boston & Maine R.R. 3¿s,
Boston & Providence R.R. 4s, .
Chic., Burlington & Quincy R.R. 3¿s,
Chic., Burlington & Quincy R.R. 4s,
Connecticut River R.R. 4s,
Fitchburg R.R. 3£s, . . . .
Fitchburg R.R. 4s................................
Holyoke & Westfield R.R. 4s, .
Illinois Central R.R. 3¿s, .
New York Central & Hudson River
R.R 3 ¿ s , ....................................
N. Y. & N. E. R.R. (term inal) 4s, .
New York, New Haven & Hartford
R.R. 3ès..............................................
New York, New Haven & Hartford
R.R. 4 s ,..............................................
Old Colony R.R. 4 s ,.

$50,000
50,000
50,000
50,000
100,000
50,000
200,000
50,000
50,000
50,000
225,000

Estimated
Market Value.

$52,500
51,187
49,250
52,000
95,500
53,250
216,000
49,500
52,750
50,625
213,875

00
50
00
00
00
00
00
00
00
00
00

Amount Invested.

$50,000
50,000
50,000
50,000
100,000
50,000
200,000
50,000
50,000
50,000
216,967

00
00
00
00
00
00
00
00
00
00
00

50,000
50,000

49,500 00
58,750 00

50,000 00
50,000 00

100,000

96,500 00

97,375 00

200,000
50,000

206,500 00
53,000 00

200,000 00
50,000 00

$1,375,000 $1,400,687 50 $1,364,342 00

Boston Terminal Company Bonds.
Par Value.

Boston Term inal Company 3£s,


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

Estimated
Market Value.

Amount Invested.

$250,000 $277,500 00 $275,000 00

No. 8.]

SAVINGS BANK COMMISSIONERS.

271

H a m p d en S av in g s B a n k — Concluded.
Total Am ount of Loans, with Each Specified Rate o f Interest.
Amount.

$30,000 00
52,886 11
75,000 00

Kate.

3 per cent.
31
“
4
“

Amount.

$22,000 00
621,800 00

Kate.

4f per cent.
4è
“

Amount.

Rate.

$1,015,255 00 5 per cent.
13,000 00 5è
“

Value, by books, of real estate held or owned by foreclosure or otherwise, $14,323
Assessed value of the s a m e ,...............................................................................
11,800
Net income received from same during the year ending Oct. 31, 1905,
.
208
Number of loans which are of an amount not exceeding $3,000 each, 239
Aggregate amount of the s a m e , ......................................................................
357,655
Total number of loans upon real e s t a t e , ............................................267
Gross amount of interest or profits received, as per books, during year
ending Oct. 31, 1 9 0 5 ,.......................................................................................
153,565
Times when dividends are payable, as fixed by the by-laws : fifteenth
day of February and August. Deposits commence to draw interest :
fifteenth day of February, May, August and November.
Rate and amount of each semi-annual dividend ( If per cent., $58,248 79 ) ^ ^ 9
during the year ending Oct. 31, 1905,
.
1 If per cent.,
59,280 76 1
’
Number of accounts opened during the year ending Oct. 31, 1905,
1,573
Number of accounts closed during the year ending Oct. 31, 1905,
1,246
. . . .
7,025
Total number of open accounts Oct. 31, 1905,
Total expenses of the corporation for the year ending Oct. 31, 1905 (ex­
clusive of taxes),
........................................................................................11,016 81
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 5 ,........................................................................................
760,687
Number of s a m e , ...............................................................................7,187
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1905........................................................................................................
744,585
Number of s a m e , ...............................................................................5,495
Date of examination by commissioner : September 19.


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Federal Reserve Bank of St. Louis

88
00
50
00

90

55

98

09

272

REPORT OF THE

[Pub. Doc

H A V E R H IL L S A V IN G S B A N K —H A V E R H IL L .

Incorporated Feb. 8, 1828.
E l b r id g e G. W o od , President.
R aym ond N o y e s , Treasurer.
R a ym o nd N o y e s , Clerk o f the Corporation.

Names of committee charged with the investment of its funds:
E l b r id g e G. W ood ,
W il l ia m W . S p a u l d in g ,
J o h n L . H o bso n .

Open for business every business day except Saturdays, 9 a . m . to 2 p . m . ; Saturdays,
9 a . m . to 12.30 p .m .

B a l a n c e S h e e t O c t . 31, 1905.

A ssets.

Public funds, as per schedule, .
Bank stock, as per schedule,
Loans on bank stock,.
Railroad bonds, as per schedule,
Street railway bonds, as per
schedule,...................................
Loan on railroad stock,
Real estate (for banking pur­
poses)..........................................
Loans on real estate, .
Loans on personal security,
Deposits in banks, on interest, .
Deposits in banks, not on interest,
Expense account,
Real estate expense account,
Insurance and taxes paid, .
Cash on hand, . . . .

L ia b il it ie s .

$748,000
225,850
12,800
1,952,473

00
00
00
75

94,000 00
2,700 00
28,385
1,075,550
1,867,794
196,412
5,000
8
20
333
15,806

84
00
50
48
00
75
00
91
52

$6,225,135 75

Cash on Deposit in Banks, amount in each: —
First National Bank, Boston,
. . . .
First National Bank, Haverhill, . . . .
Haverhill National Bank, Haverhill, .


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

Deposits, .
Guaranty fund,
Interest account,
Profit and loss account, .
Rent account, .
Suspense account, .

$5,759,993 97
287,000 00
2,398 62
174,957 92
312 50
472 74

«

$6,225,135 75

$6,079 40
45,000 00
74,333 08

No. 8.]

SAYINGS BANK COMMISSIONERS.

273

H a v e r h ill S a v in g s B a n k — Continued.
Merchants National Bank, Haverhill,
Merrimack National Bank, Haverhill,
Haverhill Trust Company, Haverhill,

$ 11,000 00

50.000 00
15.000 00

Loans on Bank Stock, amount on each : —
20 shares Salem Safe Deposit and Trust Company, Salem,
27 shares Second National Bank, Haverhill,
13 shares Second National Bank, Haverhill,
30 shares Second National Bank, Haverhill,
7 shares First National Bank, Haverhill, .
10 shares Merrimack National Bank, Haverhill,
10 shares Second National Bank, Haverhill,
40 shares Haverhill Trust Company, Haverhill,

$1,250
2.500
1,250
3,000

00
00
00
00

1,300 00
3.500 00

Loan on Railroad Stock: —
66 shares Boston & Maine R .R .,.............................................................

$2,700 00

Detailed Statement o f Pitblic Funds.
Par Value.

Massachusetts 3£s, . . . .
City of Bay City, Mich., 4s,
of Boston, Mass., 4s,
of Cambridge, Mass., 3£s,
of Chicago, 111., 4s, .
of Cleveland, Ohio, 5s,
of Danbury, Conn., 4s,
of Fall River, Mass., 5s, .
of Gloucester, Mass., 3£s,
of Indianapolis, Ind., 3£s,
of Indianapolis, Ind., 4s, .
of Manchester, N. H., 4 s,.
of Medford, Mass., 4s,
of Meriden, Conn., 3£s, .
of Middletown, Conn., 3£s,
of New Britain, Conn., 4s,
of Newton, Mass., 4s,
of Pawtucket, R. I., 4s, .
of Somerville, Mass., 4s, .
of W ilkes-Barre, Pa., 3£s,
Town of Bradford, Mass., 4s, .
of Bradford, Mass., 4£s,
of Mansfield, Mass., 4 s ,.


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

$25,000
20,000
75,000
50,000
100,000
25,000
25,000
20,000
20,000
29,000
57,000
70,000
10,000
21,000
35,000
10,000
45,000
25,000
29,000
21,500
17,500
3,000
15,000

Estimated
Market Value.

$25,500
20,600
79,250
50,375
103,000
25,375
26,000
20,600
20,000
29,000
60,420
72,675
10,500
20,790
34,650
10,350
46,800
25,125
30,595
21,500
17,675
3,060
16,350

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

Amount Invested.

$25,000
20,000
75,000
50,000
100,000
25,000
25,000
20,000
20,000
29,000
57,000
70,000
10,000
21,000
35,000
10,000
45,000
25,000
29,000
21,500
17,500
3,000
15,000

00
00
00
00
00
00*
00*
00
00
00
CO
00
00
00
00
00
00
00*
00
00
00
00
00

$748,000 $770,190 00 $748,000 00
* Legal Investments when made.

274

[Pub. Doc

REPOET OF THE
H a v e r h ill S a v in g s B a n k — Continued.

No. o f
Shares.

Detailed Statement o f B ank Stocks.
Par Value.

Andover N’l Bank, Andover, .
Faneuil H all N’l B’k, Boston, .
Fourth N at’l Bank, Boston,
Merchants Nat’l Bank, Boston,
N’l B’k of the Republic, Boston,
N at’l Exchange Bank, Boston,
N at’l Shawmut Bank, Boston,.
W e b s t e r & Atlas National
Bank, Boston,
141 State National Bank, Boston,
100 Essex Nat’l Bank, Haverhill,
96 F irst National Bank, Haverhill,
375 Haverhill N ’l Bank, Haverhill,
300 Merrimack N’l B’k, Haverhill,
15 Second Nat’l Bank, Haverhill,
50 Bay State N ’l B’k, Lawrence,
[ 16
100
187
50
225
150
450
16

Estimated
Market Value.

Amount Invested.

f 1,600
10.000
18,700
5,000
22,500
15,000
45,000

$1,760
13,100
25,993
10,100
36,450
22,500
117,000

00
00
00
00
00
00
00

$1,600
10,000
18,700
5,000
22,500
15,000
45,000

00
00
00
00
00
00
00

1,600
14,100
10,000
9,600
37,500
30,000
1,500
3,750

2,272
21,291
9,000
13,440
63,750
42,000
2,100
5,750

00
00
00
00
00
00
00
00

1,600
14,100
10,000
9,600
37,500
30,000
1,500
3,750

00
00
00
00
00
00
00
00

$225,850 $386,506 00 $225,850 00

Detailed Statement of Street Railway Bonds.
Par Value.

W est End Street Railway Co. 4s,

.

$94,000

Estimated
Market Value.

Amount Invested.

$97,850 00

$94,000 00

Detailed Statement o f Railroad Bonds.
Par Value.

Boston & Albany R R. 3ès,
Boston & Lowell R.R. 4s,
Boston & Maine R.R. 3ès,
Boston & Maine R.R 4^s,
Boston & Providence R.R. 4s, .
Boston, Clinton, Fitchburg & New
Bedford R.R. 5s...............................
Chic., Burlington & Quincy R.R. 3£s,
Chic., Burlington & Quincy R.R 4s,
Cleveland & Pittsburgh R.R. 3£s, .
Concord & Montreal R.R. 4s, .
Connecticut River H.R. 3is,


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

Estimated
Market Value.

$100,000 $100,000 00
64,000
64,625 00
24,625 00
25,000
133,000
155,610 00
156,000 00
150,000
27,000
80,000
50,000
25,000
75,000
50,000

28,350
76,000
51,500
24,750
78,000
49,500

00
00
00
00
00
00

Amount Invested.

$100,000
64,000
24,156
133,000
150,000

00
00
25
00
00

27,000
75,100
50,000
25,000
75,000
50,000

00
00
00
00
00
00

No. 8.]

SAYINGS BANK COMMISSIONERS

275

H a v e r h ill S a v in g s B a n k — Continued.
Detailed Statement o f Railroad Bonds — Concluded.
Par Value.

D exter & Piscataquis R.R. 4 s ,.
Erie & Pittsburgh R R. 3is,
Fitchburg R.R. 4s, .
Illinois Central R R. 3s, .
Illinois Central R R. 3 i s , .
Illinois Central R.R 4s, .
Kansas City, St. Joseph & Council
Bluffs R.R. 7s,
. . .
Lake Shore & Michigan Southern
R.R. S i s , ....................................
Maine Central R.R. 4s,
Maine Central R.R. 4is, .
Minnesota & Iowa R.R. 3is,
N. Y. & N. E R R . (term inal) 4s, .
New York, New Haven & Hartford
R.R. Sis,
....................................
New York, New Haven & H artford
R.R. 4 s ,.............................................
Old Colony R.R. 3is,
Old Colony R.R. 4s, .
Penobscot Shore Line R.R. 4s,
Sioux City & Pacific R.R. 3 i s , .
W orcester, Nashua & Roch. R.R. 4s,

$15,000
123,000
100,000
50,000
95,000
50,000
40,000
25,000
80,000
50,000
100,000
25,000

Estimated
Market Value.

$15,450
120,540
102,250
42,250
89,425
52,500

Amount Invested.

00
00
00
00
00
00

41,000 00
25,125
81,200
52,250
97,000
29,000

00
00
00
00
00

$15,000
123,000
100,000
45,312
95,000
50,000

00
00
00
50
00
00

40,000 00
24,750
80,000
50,000
100,000
25,000

00
00
00
00
00

110,000

105,050 00

110,000 00

100,000
33,000
100,000
20,000
40,000
30,000

103,750
32,670
105,875
20,500
38,400
30,600

100,000
32,680
100,000
20,000
38,475
30,000

00
00
00
00
00
00

00
00
00
00
00
00

$1,965,000 $1,993,795 00 $1,952,473 75

Total Am ount o f Loans, with Each Specified Rate o f Interest.
Kate.

Amount.

$6,079
190,333
125,000
25,000

40
08
00
00

2£ per cent.
3
3|
“
3i
“

Amount.

$1,386,000
25,000
128,500
220,244

00
00
00
50

Rate.

Amount.

Kate.

4 per cent.
4|
44
«
4i
“

$993,600 00
9,900 00
45,600 00

5 per cent.
5i
“
6
“

Amount invested in real estate for banking purposes,...................................
Estimated value of the s a m e , ......................................................................
Assessed value of the s a m e ,...............................................................................
Number of loans which are of an amount not exceeding $3,000 each, 418
Aggregate amount of the s a m e , .............................................................
Total number of loans upon real e s t a t e , ............................................ 489
Gross amount of interest or profits received, as per books, during year
ending Oct. 31, 1 9 0 5 ,.......................................................................................
Times when dividends are payable, as fixed by the by-laws: fourth
Wednesday of April and October. Deposits commence to draw inter­
est: third Wednesday of January, April, July and October.


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

$28,385 84
49.025 00
49.025 00
562,550 00

258,207 10

276

REPORT OF THE

[Pub. Doc.

H a v e r h ill S a v in g s B a n k — Concluded.
Rate and amount of each semi-annual dividend j If per cent., $95,890 19 )
373 91
during the year ending Oct. 31, 1905,
.
i 1 | per cent., 96,483 72 J
’
Number of accounts opened during the year ending Oct. 31, 1905,
1,295
Number of accounts closed during the year ending Oct. 31, 1905,
1,157
Total number of open accounts Oct. 31, 1905,
. . . .
15,736
Total expenses of the corporation for the year ending Oct. 31, 1905 (ex­
clusive of taxes),
........................................................................................9,015 54
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 5 ,........................................................................................
661,795 69
Number of s a m e , ...............................................................................12,828
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 9 0 5 , ................................................................................................
774,275 77
Number of s a m e , ...............................................................................10,597
Date of examination by commissioner : September 28.


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Federal Reserve Bank of St. Louis

No. 8.]

SAYINGS BANK COMMISSIONERS

277

H A Y D E N V IL L E S A V IN G S B A N K — H A Y D E N V IL L E .

Incorporated March 17, 1869.
C. D. W a it e , President.
W il b u k M. P u r r in g t o n , Treasurer.
A l f r e d G. C o n e , Clerk o f the Corporation.

Names of committee charged with the investment of its funds :
G eorge M a r k s ,
B yro n L oom is ,

T homas P . L a r k in ,
L em u el C. G r a v e s ,
C. D. W a it e .

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

B a lan c e S h e e t O c t . 31, 1905.

A ssets.

Public funds, as per schedule, .
Bank stock, as per schedule,
Loan on bank stock, .
Railroad bonds, as per schedule,
Boston Terminal Co. bonds,
Real estate by foreclosure, etc..
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
( n o t e s ) , ...................................
Loans on depositors’ books,
Deposits in banks, on interest, .
Expense account,
Furniture and fixtures,
Tax account,
. . . .
Cash on hand, . . . .

L ia b il it ie s .

$25,000
30,200
275
24,975
27,450
1,738
318,269
31,199

00
00
00
00
00
52
30
13

9,253
3,935
9,467
522
3,500
70
2,351

34
01
30
93
00
93
65

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

$469,886 96
16,000 00
1,968 41
352 74

$488,208 11

$488,208 11

Cash on Deposit in Banks, amount in each : —
Northampton National Bank, N o r th a m p to n ,............................................$4,467 30
Hampshire County National Bank, N o r th a m p to n ,...................................
5,000 00
Loan on Bank Stock : —
4 shares Hampshire County National Bank, Northampton,


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

.

.

.

$275 00

278

REPORT OF THE

[Pub. Doc.

H a y d e n v ille S a v in g s B an k — Continued.
Detailed Statement o f Public Funds.
Par Value.

City of Chicago, 111., 4s, .
Town of W illiam sburg, Mass., 4s, .

Estimated
Market Value.

Amount Invested.

$1,000
24,000

$1,050 00
26,040 00

$1,000 00
24,000 00

$25,000

$27,090 00

$25,000 00

No. of
Shares.

Detailed Statement o f B ank Stocks.
Par Value.

18
83
21
25
25
25
42
40

Conway N at’l Bank, Conway, .
Danbur}7N ’l B’k, Danbury, Ct.,
First N’l Bank, Easthampton,
City National Bank, Holyoke,
Home N at’l Bank, Holyoke, .
Park National Bank, Holyoke,
First N’l Bank, Northampton,
Hampshire County National
Bank, Northampton, .
9 Northampton National Bank,
Northampton,
10 Chicopee N’l B’k, Springfield,
25 John Hancock National Bank,
Springfield, . . . .

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

Estimated
Market Value.

$1,800
8,300
2,100
2,875
3,000
2,500
5,460

00
00
00
00
00
00
00

Amount Invested.

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

00
00
00
00
00
00
00

4,000

4,200 00

4,000 00

900
1,000

1,800 00
1,500 00

1,800 00
1,500 00

2,500

2,875 00

2,500 00

$27,300

$31,410 00

$30,200 00

Detailed Statement o f Railroad Bonds.
Par Value.

Illinois Central R.R. 3£s,.
Maine Central R.R. 4s,
New York, New Flaven & Hartford
R.R. 4 s ,.............................................


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

Estimated
Market Value.

Amount Invested.

$10,000
4,000

$10,000 00
4,100 00

$10,000 00
4,000 00

10,000

10,975 00

10,975 00

$24,000

$25,075 00

$24,975 00

No. 8.]

SAYINGS BANK COMMISSIONERS.

279

H a y d e n v ille S av in g s B a n k — Concluded.
Boston Terminal Company Bonds.
Par Value.

Boston Terminal Company 3£s,

$25,000

Estimated
Market Value.

Amount Invested.

$27,750 00

$27,450 00

Total Am ount o f Loans, with Each Specified Rate o f Interest.
Rate.

Amount.

3 per cent.
4

$248,802 69
23,912 11

Amount.

$9,467 30
8,500 00

Rate.

5 per cent.
5h
“

Amount.

$81,716 98

Rate.

6 per cent.

Value, by books, of real estate held or owned by foreclosure or otherwise,
$1,738 52
Assessed value of the s a m e ,...............................................................................
1,000 00
Number of loans which are of an amount not exceeding $3,000 each, 451
Aggregate amount of the same............................................................................
281,331 78
Total number of loans upon real estate..................................................... 309
Gross amount of interest or profits received, as per books, during year
ending Oct. 31, 1 9 0 5 ,.......................................................................................
21,740 61
Times when dividends are payable, as fixed by the by-laws: second Tues­
day of January and July. Deposits commence to draw interest: second
Tuesday of January, April, July and October.
Rate and amount of each semi-annual dividend f 1| per cent., $7,617 46 ) 15,346 56
during the year ending Oct. 31, 1905,
. I 1^ per cent.,
7,729 10)
Number of accounts opened during the year ending Oct. 31, 1905, . 159
Number of accounts closed during the year ending Oct. 31, 1905,
. 136
Total number of open accounts Oct. 31, 1905,
. . . .
1,367
Total expenses of the corporation for the year ending Oct. 31,1905 (ex­
clusive of taxes)..................................................................................................
2,145 03
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 5 ,........................................................................................
93,913 24
Number of s a m e , ...............................................................................1,196
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1905.........................................................................................................
86,475 78
Number of s a m e , ...............................................................................1,134
Date of examination by commissioner: February 1.


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

/

REPORT OF THE

280

[Pub. Doc.

HIN" GH AM IN S T IT U T IO N F O R S A V IN G S — H IN G H A M .
Incorporated April 2, 1834.
E nos L o r in g , President.
H ow ard P. H e r s e t , Treasurer.
H o w ard P. H e r s e t , Clerk o f the Corporation.

Names of committee charged with the investment of its funds :
E nos L o r in g ,
F r a n c is H . L in c o l n ,

H e n r y W . C u s h in g ,
M o rris F . W h i Ton .

Open for business every business day except Saturdays, 8 a . m . to 12 m . ; 1 to 4 p .m . ;
Saturdays, 8 a . m . to 12 m .

B a l a n c e S h e e t O ct . 31, 1905.
1
L ia b il it ie s .

A ssets.

Public funds, as per schedule, .
Bank stock, as per schedule,
Loan on bank stock, .
Railroad bonds, as per schedule,
Street railway bonds, as per
schedule,...................................
Boston Terminal Co. bonds,
Stocks, bonds, etc., taken to
secure indebtedness,
Real estate (for banking purp o s e s ) , ...................................
Real estate by foreclosure, etc.,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
( n o t e s ) , ...................................
Deposits in banks, on interest, .
Deposit in bank, not on interest,
Expense account,
Cash on hand, . . . .

$196,362
25,910
1,700
638,882

50
00
00
50

25,000 00
114,000 00

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

$2,555,121 84
127,417 00
39,895 80
11,455 70

35,000 00
5,000
2,500
984,429
632,562

00
00
26
50

47,600
19,597
1,345
1,571
2,429

00
67
00
84
07

$2,733,890 34

$2,733,890 34

Cash on Deposit in Banks, amount in each : —
First National Bank, B o s t o n , ...................................................................... $2,420 10
Webster and Atlas National Bank, B o s t o n , ............................................
1,345 00
Hingham National Bank, H in gh am ,.............................................................
17,177 57
Loan on Bank Stock : —
25 shares Fourth National Bank, B o s to n ,.....................................................$1,700 00


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Federal Reserve Bank of St. Louis

No. 8.]

SAYINGS BANK COMMISSIONERS.

281

H in g h a m In stitu tio n for S av in g s — Continued.
Detailed Statement o f Public Funds.
Par Value.

Massachusetts 3s,
Massachusetts 3ès, . . . .
City*of Dayton, Ohio, 3ès,
of Fall River, Mass., 3£s,.
of Gloucester, Mass., 3is,
of Kansas City, Mo., 4£s,.
of Lynn, Mass,, 4s, .
of Medford, Mass., 4s,
of Quincy, Mass., 3ès,
of Salem, Mass., 4s, .
of St. Joseph, Mo., 3£s, .
of Woburn, Mass., 4s,
Town of Belmont, Mass., 3<£s, .
of Gardner, Mass., 4s, .
of Milton, Mass., 3ès,
of W arren, R. I., 3ès,

$15,000
10,000
5,000
10,000
45,000
15,000
10,000
5,000
5,000
12,000
25,000
6,000
10,000
5,000
10,000
9,000

Estimated
Market Value.

$14,325
10,475
5,000
10,025
45,112
16,200
10,225
5,025
5,000
12,300
24,750
6,120
10,025
5,287
10,025
9,000

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

Amount Invested.

$14,362
10,000
5,000
10,000
45,000
15,000
10,000
5,000
5,000
12,000
25,000
6,000
10,000
5,000
10,000
9,000

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

$197,000 $198,895 00 $196,362 50

No. of
Shares.

Detailed Statement o f Bank Stocks.
Par Value.

24 N’l B’k of Commerce, Boston,
75 N ’1B’k of the Republic, Boston,
12 New Plngland N’l B’k, Boston,
42 W ebster and Atlas National
Bank, Boston,
23 First National Bank, Chelsea,
89 Hingham N’l Bank, Hingham,
14 Union N at’l Bank, Weymouth,

$2,400
7,500
1,200
4,200
2,300
8,900
210
$26,710

Estimated
Market Value.

$3,648 00
12,150 (JO
1,656 00
5,964
2,300
9,167
70

00
00
00
00

$34,955 00

Amount Invested.

$2,400 00
7,500 00
1,200 00
3,400
2,300
8,900
210

00
00
00
00

$25,910 00

Detailed Statement o f Street Bailway Bonds.
Par Value.

Springfield Street Railway Co. 4s, .


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

$25,000

Estimated
Market Value.

Amount Invested.

$25,750 00

$25,000 00

REPORT OF THE

282

[Pub. Doc.

H in g h a m In stitu tio n for S av in g s — Continued.
Detailed Statement o f Railroad Bonds.
Par Value.

Boston & Albany R.R. 3¿s,
Boston & Lowell R.R. 4s,
Boston & Maine R.R. 3£s,
Burlington & Missouri River R.R. 6s,
Chie., Burlington & Quincy R.R. 3£s,
Cleveland & Pittsburgh R.R. 3¿s, .
Cleveland & Pittsburgh R.R. 4ès, .
Concord & Montreal R R. 4s, .
Erie & Pittsburgh R.R. 3¿s,
Fitchburg R.R. 4s, .
Illinois Central R.R. 3¿s, .
Illinois Central R.R. 4s, .
Maine Central R.R. 4s,
Michigan Central R.R. 3¿s,
Minnesota & Iowa R.R. 3£s, .
New York, New Haven & Hartford
R.R. 3 ¿ s , ....................................
New York, New Haven & Hartford
R.R. 4 s ,.............................................
Old Colony R.R. 3¿s,
Old Colony R.R. 4s, .
Princeton & Northwestern R.R. 3¿s,
U pper Coos R.R. 4^s,

$20,000
10,000
25,000
33,000
70,000
20,000
30,000
20,000
5,000
25,000
25,000
45,000
18,000
25,000
25,000

Estimated
Market Value.

$20,000
10,200
24,750
37,620
66,850
19,800
35,100
20,800
4,950
26,375
23,750
47,925
18,360
24,500
24,375

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

Amount Invested.

$20,000
10,000
25,000
33,000
68,402
20,900
37,500
21,517
5,000
25,000
25,000
49,900
18,000
24,250
25,000

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

80,000

76,800 00

80,293 75

15,000
35,000
25,000
25,000
40,000

15,900
34,650
26,500
24,375
44,000

17,100
34,943
28,300
24,375
45,400

00
00
00
00
00

00
75
00
00
00

$616,000 $627,580 00 $638,882 50

Boston Terminal Company Bonds.
Par Value.

Boston Term inal Company 3ès,

$100,000

Estimated
Market Value.

Amount Invested.

$111,000 00 $114,000 00

Total Amount o f Loans, with Each Specified Rale o f Interest.
Amount.

$19,597
27,800
97,000
518,592

Kate.

67
00
00
50

2 per cent.
3à

3$
4


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

“

“

Amount.

Kate.

$147,000 OO 41 per cent.
282,150 00 4è
“
500,584 26 5
“

Amount.

$30,950 00
57,115 00
5,100 00

Rate.

5¿ per cent.
6
7

No. 8.]

SAYINGS BANK COMMISSIONERS.

283

H in gh am In stitu tio n for S a v in g s — Concluded.
Amount invested in real estate for banking purposes,...................................
Estimated value of the s a m e , ......................................................................
Assessed value of the s a m e ,...............................................................................
Value, by books, of other real estate, held or owned by foreclosure or
o th e r w ise ,.........................................................................................................
Assessed value of the s a m e ,...............................................................................
Number of loans which are of an amount not exceeding $3,000 each, 314
Aggregate amount of the s a m e , ......................................................................
Total number of loans upon real e s t a t e , ............................................385
Amount of investments from which no income is received,
Gross amount of interest or profits received, as per books, during year
ending Oct. 31, 1 9 0 5 ,.......................................................................................
Times when dividends are payable, as fixed by the by-laws: Wednesday
following first Tuesday of January and July. Deposits commence to
draw interest: first Tuesday of January, April, July and October.
Rate and amount of each semi-annual dividend j If per cent., $43,357 14 )
during the year ending Oct. 31, 1905,
.
1 1 | per cent., 43,599 40 i
Number of accounts opened during the year ending Oct. 31, 1905, . 404
Number of accounts closed during the year ending Oct. 31, 1905,
. 376
Total number of open accounts Oct. 31, 1905,
. . . .
5,064
Total expenses of the corporation for the year ending Oct. 31, 1905 (ex­
clusive of taxes),
.......................................................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 5 ,........................................................................................
Number of s a m e , ...............................................................................2,476
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 9 0 5 , ................................................................................................
Number of same,
.....................................................2,897
Date of examination by commissioner: February 10.


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

$5,000 00
5,000 00
3.500 00
2.500 00
2,950 00
393,800 00
22,210 00

112,877 25

86,956 54

5,827 77
230,686 74

293,366 32

REPORT OF THE

284

[Pub. Doc.

H O L L IS T O N S A V IN G S B A N K — H O L L IS T O N .

Incorporated Feb. 27, 1872.
G eorge A . B a r t let t , President.
J am es F . F is k e , Treasurer.
J a m e s F. F is k e , Clerk o f the Corporation.

Names of committee charged with the investment of its funds :
G eorge A . B ar t l e t t ,
U r ie l C u t l e r ,
J o seph H. D e w in g ,
W il l ia m D a n ie l s ,
A lo ise M a e d e r .

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

.m .

to 12 m . ; 1.30 to

B a la n c e S h e e t O c t . 31, 1905.

A ssets.

Public funds, as per schedule, .
Bank stock, as per schedule,
Loans on bank stock,.
Railroad bonds, as per schedule,
Street railway bonds, as per
schedule,...................................
Stocks, bonds, etc., taken to secure indebtedness, .
Real estate (for banking purp o s e s ) , ...................................
Real estate by foreclosure, etc.,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
( n o t e s ) , ...................................
Deposits in banks, on interest, .
Furniture and fixtures,
Suspense account,
Cash on hand, . . . .

L ia b il it ie s .

$56,493
13,700
3,280
72,987

80
00
00
50

5,000 00

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

9,870 94

300 00
5,690
15,415
176,468
17,353

00
00
55
00

51,750
20.946
258
3,500
1,718

00
84
22
00
18

$444,861 09

Cash on Deposit in Banks, amount in each : —
Central National Bank, Boston (in l i q u i d a t i o n ) , ...................................
National Shawmut Bank, B o s t o n , .............................................................
Framingham National Bank, South F ram in gh am ,...................................


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

$401,041 27
18,670 00
15,278 88

$444,861 09

$973 68
10,634 00
9,339 16

No. 8.]

285

SAYINGS BANK COMMISSIONERS.
H o llisto n S avin gs B an k — Continued.

Loans on Bank Stock, amount on each : —
15 shares Mt. Vernon National Bank, Boston (in liquidation),
10 shares Home National Bank, Holyoke,.............................................
5 shares Framingham National Bank, South Framingham, .
8 shares Framingham National Bank, South Framingham, .

$1,080 00
1,000 00

500 00
700 00

Detailed Statement o f Public Funds.
Par Value.

City of Beverly, Mass., 4s,
of Burlington, Vt., 4s,
of Chicago, 111., 4s, .
of Everett, Mass., 4s,
of Fitchburg, Mass., 4s, .
of Holyoke, Mass , 3¿s, .
of Milwaukee, Wis., os, .
of Pittsfield, Mass., 3¿s, .
of Portsmouth, N. H., 4 s,.
of Quincy, Mass., 4s,
of Rockville, Conn., 4s, .
of Springfield, Ohio, 4s, .
Town of Belmont, Mass., 3¿s, .
of Danvers, Mass,, 5s, .
of Falmouth, Mass., 3ès,
of Hudson, Mass., 4s,
of Reading, Mass., 4s, .

$2.000
3,000
1,000
3,000
1,000
3,000
4,000
1,000
5,000
7,500
5,000
5,000
3,000
3,000
3,000
3,000
4,000
$56,500

Estimated
Market Value.

$2,135
3,007
1,012
3,255
1,032
3,000
4,046
1,002
5,325
7,646
5,375
5,062
3,000
3,022
3,000
3,180
4,260

00
50
50
00
50
00
88
50
00
87
00
50
00
50
00
00
00

$58,363 75

Amount Invested.

$2,000
3,000
1,000
3,000
1,000
3,000
4,000
1,000
5,000
7,500
5,000
5,000
2,993
3,000
3,000
3,000
4,000

00
00
00
00
00
00
00
00
00
00
00
00
80
00
00
00
00

$56,493 80

No. of
Shares.

Detailed Statement o f B ank Stocks.

18 State National Bank, Boston, ,
30 Home Nat’l Bank, Brockton, .
30 Franklin Nat’l Bank, Franklin,
15 Peoples N’l B’k, Marlborough,
20 Blue Hill Nat’l Bank, M ilton,.
24 Fram ingham National Bank,
South Framingham,


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

Par Value.

$1,800
3,000
3,000
1,500
2,000

Estimated
Market Value.

Amount Invested.

$2,718
5,400
3,600
1,875
2,600

$1,800
3,000
3,000
1,500
2,000

00
00
00
00
00

00
00
00
00
00

2,400

3,072 00

2,400 00

$13,700

$19,265 00

$13,700 00

286

REPORT OE THE

[Pub. Doc.

H o llis to n S a v in g s B an k — Continued.
Detailed Statement o f Street Railw ay Bonds.
Par Value.

W est End Street Railway Co. 4s,

.

$5,000

Estimated
Market Value.

$5,275 00

Amount Invested.

$5,000 00

Detailed Statement o f Railroad Bonds.
Par Value.

Estimated
Market Value.

$2,000

$2,000 00

Boston & Albany R.R. 3¿s,
Boston, Clinton, Fitchburg & New
Bedford R.R. 5s, .
Chic., Burlington & Quincy R R. 3¿s,
Chic., Burlington & Quincy R.R. 4s.
Concord & Claremont R.R. 4¿s,
Fitchburg R.R. 4¿s, . . . .
Illinois Central R.R. 3¿s, .
Maine Central R.R. 4s,
New York Central & Hudson River
R.R. 3¿s,
....................................
New York, New Haven & H artford
R R. S i s , ....................................
New York, New Haven & H artford
R.R. 4 s ,.............................................
Pittsburgh, V irginia & Charleston
R.R. 4 s ,.............................................
Princeton & Northwestern R.R. 3£s,
W ashington County R.R. 3¿s, .

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

5,243
4,775
5,337
3,165
5,306
7,560
4,070

75
00
50
00
25
00
00

Amount Invested.

$1,992 50
5,000
4,802
5,000
3,000
5,000
7,535
4,000

00
50
00
00
00
00
00

1,000

990 00

1,000 00

5,000

4,825 00

4,937 50

18,000

18,597 50

18,000 00

3,000
8,000
2,000

3,195 00
7,780 00
1,910 00

3,000 00
7,800 00
1,920 00

$74,000

$74,755 00

$72,987 50

Total Amount o f Loans, with Each Specified Rate o f Interest.
Amount.

$20,946 84
4.000 00
2.000 00

Rate.

2 per cent.
3*
“
3|


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

«

Amount.

$45,750 00
77,810 00

Kate.

4 per cent.
5

“

Amount.

$14,050 00
105,241 55

Rate.

5^ per cent.
6
“

No. 8.]

SAYINGS BANK COMMISSIONERS.

287

H o llis to n S a v in g s B a n k — Concluded.
$5,690 00
Amount invested in real estate for banking purposes,...................................
6.300 00
Estimated value of the s a m e , ......................................................................
6.300 00
Assessed value of the s a m e ,...............................................................................
342 25
Net income received from same during the year ending Oct. 31, 1905,
Value, by books, of other real estate held or owned by foreclosure or
15,415 00
o th e r w is e ,.........................................................................................................
15,850 00
Assessed value of the s a m e ,...............................................................................
Number of loans which are of an amount not exceeding $3,000 each, 293
222,851 00
Aggregate amount of the s a m e , ......................................................................
Total number of loans upon real e s t a t e , ............................................ 226
Gross amount of interest or profits received, as per books, during year
20,488 96
ending Oct. 31, 1 9 0 5 ,.......................................................................................
Times when dividends are payable, as fixed by the by-laws : first Tues­
day of June and December. Deposits commence to draw interest: first
day of March, June, September and December.
Rate and amount of each semi-annual dividend f 2 per cent.,
$7,090 51 1 14,485 77
during the year ending Oct.31, 1905,
.
1 2 per cent.,
7,395 26 )
Number of accounts opened during the year ending Oct. 31, 1905, . 185
Number of accounts closed during the year ending Oct. 31, 1905,
. 127
Total number of open accounts Oct. 31, 1905,
. . . .
1,204
Total expenses of the corporation for the year ending Oct. 31, 1905 (ex­
.......................................................................................
clusive of taxes),
1,985 28
Amount of deposits, not including dividends, received during the year
80,792 06
ending Oct. 31, 1905...........................................................................................
Number of s a m e , ........................................................................................ 1,228
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 9 0 5 , ................................................................................................
67,390 58
Number of s a m e , ........................................................................................... 995
Date of examination by commissioner: April 3.


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

REPORT OF THE

288

[Pub. Doc.

H O L Y O K E S A V IN G S B A N K — H O L Y O K E .
Incorporated Feb. 21, 1855.
W il l ia m W h it in g , President.
Ch a r l e s W . J o h n so n , Treasurer.
A l b e r t G. M a g n a , Clerk o f the Corporation.

Names of committee charged with the investment of its funds :
R o be rt R u s s e l l ,
M . H . W h it c o m b ,

W il l ia m W h it in g ,
J a m e s A . Cl o u g h .

Open for business every business day except Saturdays, 9 a . m . to 4 p .m . ; Thursdays,
7 to 8 p .m . ; Saturdays, 9 a .m . to 12 m .

B alance S heet Oct .

31, 1905.

A ssets.

Public funds, as per schedule, .
Bank stock, as per schedule,
Loans on bank stock,
Railroad bonds, as per schedule,
Street railway bonds (as per
schedule)....................................
Loan on railroad stock,
Real estate by foreclosure, etc.,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
(notes)........................................
Deposits in banks, on interest, .
Expense account,
Premium account,
Furniture and fixtures,
Cash on hand, . . . .

L ia b il it ie s .

$693,041
228,085
6,100
1,597,470

50
00
00
00

187,400
3,500
8,405
1,914,005
539,981

00
00
21
00
05

221,541
169,585
4,081
20,545
9,000
4,668

50
61
34
21
00
17

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

$5,610,409 59

Cash on Deposit in Banks, amount in each : —
International Trust Company, Boston,
. . . .
National Shawmut Bank, B o s t o n , ...................................
City National Bank, H o l y o k e , ............................................
Holyoke National Bank, Holyoke, .
Hadley Falls National Bank, Holyoke,
. . . .
Northampton National Bank, Northampton,
Hampshire County National Bank, Northampton,
First National Bank, N orth am p ton ,...................................
Springfield Safe Deposit and Trust Company, Springfield,
Ware National Bank, W a r e , ............................................


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

$5,234,222 83
255,400 00
94,831 87
25,954 89

$5,610,409 59

$24,119
11,938
5,692
75,504
17,078
5,036
5,000
5,0U0
15,214
5,000

80
82
01
59
69
91
00
00
79
00

No. 8.]

SAYINGS BANK COMMISSIONERS.

289

H o ly o k e S av in g s B a n k — Continued.
Loans on Bank Stock, amount on each : —
10 shares Holyoke National Bank, H o l y o k e , ............................................
10 shares Home National Bank, H olyok e,.....................................................
20 shares Holyoke National Bank, H o l y o k e , ............................................
1-0 shares City National Bank, Holyoke, .
.
.
.
.
.
.
27 shares Holyoke National Bank, H o l y o k e , ............................................

$900
500
1,700
500
2,500

00
00
00
00
00

Loan on Railroad Stock : —
• 25 shares New York, New Haven & Hartford R .R .,................................... $3,500 00

Detailed Statement o f Public Funds.

County
City of
of
of

of Middlesex, Mass., 4s,
Akron, Ohio, 4ès, .
Akron, Ohio, 5s, .
Augusta, Me. (W ater Dis­
trict) 4s,
of Bay City, Mich., 5s,
of Bay City, Mich., 8s,
of Boston, Mass., 5s,
of Brockton, Mass., 3is, .
of Canton, Ohio, 4 s ,.
of Chicago, 111., 3ès,.
of Chicago, 111., 4s, .
of Cleveland, Ohio, 5s,
of Dayton, Ohio, 3£s,
of Dayton, Ohio, 4 s,.
of Detroit, Mich., 6s,
of Dubuque, Iowa, 4s,
of Fall River, Mass., 4s, .
of Fall River, Mass , 5s, .
of Fort Wayne, Ind., 4ès,
of Gloucester, Mass., 3£s,
of Holyoke, Mass., 4s,
of Kansas City, Mo., 4s, .
of Kennebec, Me. (W ater Dis­
trict) 3ès,
. . . .
of Laconia, N. H., 4s,
of Lewiston, Me., 5s,
of Milwaukee, Wis., 5s, .
of New Bedford, Mass., 4s,
of Northampton, Mass., 3ès, .
of Rockford, 111 ,4s,
of Rockford, 111., 4£s,
of Saginaw, Mich., 4s,
of Saginaw, Mich., 4ès, .
of Salem, Mass., 4 s ,.
of South Bend, Ind , 5s, .
of South Norwalk, Conn., 4s, .
of Springfield, Ohio, 4s, .


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

Par Value.

Estimated
Market Value.

Amount Invested.

$10,000
8,000
9,500

$10,300 00
8,000 00
9,580 00

$10,000 00
8,000 00
9,500 00

10,000
14,000
1,500
10,000
2,000
15,000
14,000
77,000
2,000
42,000
5,000
4,000
25,000
25,000
5,000
22,000
5,000
2,000
25,000

10,600
15,105
1,565
10,075
2,000
15,000
13,730
77,685
2,020
42,000
5,000
4,000
25,600
25,000
5,200
23,100
5,000
2,020
25,500

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

10,000
14,000
1,500
10,000
2,000
15,000
13,780
77,000
2,000
41,749
5,000
4,000
25,000
25,000
5,000
22,000
5,000
2,000
25,000

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

20,000
5,000
2,000
36,750
6,000
8,000
5,000
17,500
66,500
32,000
15,000
10,000
22,000
10,000

19,500
5,100
2,260
37,320
6,360
8,000
5,000
17.640
66,500
33,280
15,600
10,250
22,300
10,300

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

19,800
5,000
2,000
36,750
6,000
8,000
5,000
17.500
66,500
32,000
15,000
10,000
22,000
10,000

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

Legal investments when made.

[Pub. Doc.

REPORT OF THE

290

H o ly o k e S a v in g s B a n k — Continued.
Detailed Statement o f Public Funds — Concluded.
Par Value.

City of Springfield, Ohio, 5s, .
of St. Louis, Mo., 6s,
of Terre Haute, Ind., 6s, .
of W aterbury, Conn., 3£s,
of W aterbury, Conn., 4s, .
of Westerly, R. I., 3ès, .
Town of Easthampton, Mass., 3ès, .
of Nantucket, Mass ,4s,
of Revere, Mass., 3ès, .
of Revere, Mass., 4s,

$20,000
8,000
2.500
10,000
1.500
20,000
5.000
7.000
24,000
7.000

Estimated
Market Value.

$20,200
8,000
2.500
9,850
1.500
20,000
5.000
7.000
24,000
7.000

00
00
00
00
00
00
00
00
00
00

Amount Invested.

$20,000
8,000
2.500
10,000
1.500
20,000
4,962
7.000
24,000
7.000

00
00
00
00
00
00
50
00
00
00

$693,750 $702,540 00 $693,041 50

No. of
Shares.

Detailed Statement o f Bank Stocks.

14
20
50
20
19
21
37
5
48
2
1
38
236
390
71
5
25
5
90
37
50
38
6
30
117

Par Value.

First National Bank, Adams, .
Greylock National B’k, Adams,
F irst National Bank, Amherst,
M iller’s River N at’l B’k, Athol,
Conway National B’k, Conway,
F irstN at’l Bank, Easthampton,
Rollstone Nat’l B’k, Fitchburg,
First National B’k, Greenfield,
Franklin Co. National Bank,
Greenfield, . . . .
F irst National Bank, Haverhill,
Merrimack N ’l B’k, Haverhill,
City National Bank, H olyoke,.
Hadley Falls N ’l B’k, Holyoke,
Holyoke N at’l Bank, Flolyoke,
Home N at’l Bank, Holyoke, .
Union National Bank, Lowell,
Monson National B’k, Monson,
F irst N at’l B’k, Newbury port,
First N at’l B’k, Northhampton,
Hampshire County National
Bank, Northampton, .
Northampton National Bank,
f Northampton,
Palm er N at’l Bank, Palmer, .
Pittsfield N at’l B’k, Pittsfield,
Agawam N ’l B’k, Springfield,
Chicopee N ’l B’k, Springfield,


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

Estimated
Market Value.

Amount Invested.

$1,400
2,000
5,000
2,000
1,900
2,100
3,700
500

$1,680
3,700
5,500
3,400
1,900
2,100
4,810
750

00
00
00
00
00
00
00
00

$1,400
2,000
5,000
2,000
1,824
2,058
3,700
500

00
00
00
00
00
00
00
00

4,800
200
100
3,800
23,600
39,000
7,100
500
2,500
500
9,000

5,040
300
150
4,370
32,568
66,300
8,520
800
3,125
610
11,700

00
00
00
00
00
00
00
00
00
00
00

4,800
200
100
3,790
27,848
40,200
7,100
500
2,500
500
10,350

00
00
00
00
00
00
00
00
00
00
00

3,700
5,000
3,800
600
900
11,700

3,885 00
10,000
3,800
960
150
17,550

00
00
00
00
00

3,700 00
8,700 00
3,610 00
570 00
15,210 00

No. 8.]

SAVINGS BANK COMMISSIONERS.

291

H o ly o k e S av in g s B a n k — Continued.

No. of
Shares.

Detailed Statement o f B ank Stocks— Concluded.
Tar Value.

15 City N at’l Bank, Springfield, .
178 F irst N at’l Bank, Springfield, .
80 John Hancock National Bank,
Springfield, . . . .
50 Second N at’l B’k, Springfield,
81 Springfield N’l B'k, Springfield,
215 Third N at’l Bank, Springfield,
97 Townsend N’l B’k, Springfield,
26 W are National Bank, W are, .
4 F irst National Bank, Westfield,
50 First N at’l Bank, Worcester, .

Estimated
Market Value.

Amount Invested.

$1,500
17,800

$2,175 00
20,470 00

$1,500 00
17,800 00

3,000
5,000
3,100
21,500
9,700
2,600
400
2,500

3,450
6,750
5,890
45,150
12,125
2,860
540
2,500

2,700
5,875
3,100
33,300
10,900
2,600
400
1,750

00
00
00
00
00
00
00
00

00
00
00
00
00
00
00
00

$202,500 $295,578 00 $228,085 00

Detailed Statement o f Street Railway Bonds.
Par Value.

Athol & Orange Street Railway
Company 5 s ,....................................
Boston Consolidated Street Railway
Co. 5 s , .............................................
East Middlesex Street Railway Co.
4 s , ......................................................
Gloucester, Essex & Beverly Street
Railway Co. 5s,
Holyoke Street Railway Co. 5s,
Lowell & Suburban Street Railway
Co. 5 s , .............................................
Lynn Belt Line Railway Co. 5s,
Lynn & Boston Railroad Co. 5s,
Merrimac Valley Street Railway
Co. 5 s , .............................................
Naumkeag Street Railway Co. 5s, .
W est End Street Railway Co. 4s,


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

Estimated
Market Value.

Amount Invested.

$6,000

$6,450 00

$6,000 00

10,000

10,075 00

10,000 00

4,000

4,000 00

4,000 00

25,000
11,400

25,937 50
12,827 00

25,000 00*
11,400 00

25,000
12,000
10,000

25,750 00
12,300 00
10,375 00

25,000 00*
12,000 00*
10,000 00*

5,000
47,000
32,000

5,112 50
48,110 00
33,130 00

5,000 00*
47,000 00*
32,000 00

$187,400 $194,067 00 $187,400 00
* Legal investments when made.

292

[Pub. Doc.

REPORT OF THE
H o ly o k e S av in g s B an k — Continued.
Detailed Statement o f Railroad Bonds.
Par Value.

Albany & Susquehanna R.R. 6s,
Albany & Susquehanna R.R. 7s,
Beech Creek R.R. 4s,
Boston & Lowell R.R. 4s,
Boston, Concord & Montreal R.R. 6s,
Boston & Maine R.R. 3¿s,
Boston, W inthrop & Shore R.R. 5 s ,.
Boyer Valley R.R. 3 ¿ s , .
Chic., Burlington & Quincy R.R. 3ès,
Chic., Burlington & Quincy R.R. 4s,
Chicago & Northwestern R.R. 3és, .
Eastern R.R. 6s,
. . .
Ei'ie & Pittsburgh R.R. 8ès,
Fitchburg R.R, 3¿s, . . . .
Fitchburg R.R. 4s, .
Fitchburg R.R. 5s, .
Hannibal & St. Joseph R.R. 6s,
Holyoke & Westfield R R. 4s, .
Illinois Central R.R 3s, .
Illinois Central R.R 3 ¿ s,.
Illinois Central R.R. 4s, .
Kansas City, St Joseph & Council
Bluffs R.R 7s,
. . .
Lime Rock R.R. 4s, .
Maine Central R.R. 4s,
Maine Central and European &
North American R.R, 4s,
Michigan Central R.R. 3ès,
Milwaukee, Lake Shore & Western
R.R. 5 s , .............................................
New York Central & Hudson River
R.R. 3ès,
....................................
New Haven & Northampton R.R, 5s,
New York, New Haven & Hartford
R.R. 3ès,
....................................
New York, New Haven & Hartford
R.R. 4 s ,.............................................
Ottumwa, Cedar Falls & St. Paul
R.R. 5 s ,.............................................
Penobscot Shore Line R.R. 4s,
Peoria & Northwestern R.R. 3is, .
Pittsburgh, V irginia & Charleston
R.R. 4s, .............................................
Portland & Ogdensburg R.R, 3ès, .
Portland & Ogdensburg R.R. 5s,
Portland & Rochester R.R. 4 s,.
Portland & Rumford Falls R R. 4 s,.
Princeton & Northwestern R.R. 3ès,
Sioux City & Pacific R.R. 3 à s,.


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

$48,000
6 ,0 0 0

40,000
6 ,0 0 0
1 1 ,0 0 0

39,000
43,000
2 0 ,0 0 0

75,000
214,000
35,000
60,000
2 0 ,0 0 0

9,000
42,000
65,000
1 2 ,0 0 0

50,000
1 2 ,0 0 0

194,000
86,000

Estimated
Market Value.

$48,000
6,030
42,400
6,125
12,155
38,220
43,000
19,300
74,250
219,565
34,650
60,600
19,400
8,730
42,700
66,300
13,140
50,500
9,840
182,635
90,650

00
00
00
00
00
00
CO
00
00
00
00
00
00
00
00
00
00
00
00
00
00

Amount Invested.

$48,000

00
6 ,0 0 0 0 0
40,000 0 0
6 ,0 0 0 0 0
1 1 ,0 0 0 0 0
39,000 0 0
43,000 0 0
2 0 ,0 0 0 0 0
74,050 0 0
214,000 0 0
34,725 0 0
60,000 0 0
19,900 0 0
8,995 0 0
42,000 0 0
65,000 0 0
1 2 ,0 0 0 0 0

50,000 00
10,520 00
188,930 00
8 6 ,0 0 0 00

22,240 00

64,000 00
1 0 ,0 0 0 00
2 2 ,0 0 0 00

25,000

2,080 00
24,375 00

2 ,0 0 0 00
24,650 00

14,000

14,070 00

14,000 00

1 0 ,0 0 0
2 ,0 0 0

9,800 00

80,000

76,000 00

78,550 00

2 0 ,0 0 0

2 1 ,2 0 0 0 0

2 0 ,0 0 0

39,000
25,000

40,170 00
25,875 00
11,480 00

39,000 00
25,000 0 0
11,750 00

23,210
9,875
41,000
7,500
10,400
29,915
20,160

2 2 ,0 0 0 00
1 0 ,0 0 0 0 0
40,000 0 0

64,000

65,600 00

1 0 ,0 0 0
2 2 ,0 0 0

1 0 ,0 0 0 0 0

2 ,0 0 0

1 2 ,0 0 0
2 2 ,0 0 0
1 0 ,0 0 0

40,000
7,500
1 0 ,0 0 0

31,000
2 1 ,0 0 0

2 ,1 0 0 0 0

00
00
00
00
00
00
00

9,900 00
00

2 ,0 0 0

00

7,500 00
00
30,265 00
20,475 00
1 0 ,0 0 0

No. 8.]

SAYINGS BANK COMMISSIONERS.

293

H o ly o k e S avin gs B an k — Concluded.
Detailed Statement o f Railroad Bonds — Concluded.

Syracuse, Binghampton & N. Y.
R.R. 7 s ,.............................................
Vermont Valley R.R. 5s, .
Washington County R.R. 3^s, .

Par Value.

Estimated
Market Value.

$5,000
35,000
16,000

$5,100 00
36,575 00
15,040 00

Amount Invested.

$5,000 00
35,000 00
15,260 00

$1,609,500 $1,611,955 00 $1,597,470 00

Total Am ount o f Loans, with Each Specified Rate o f Interest.
Amount.

$11,938
24,119
113,490
40.000
45.000
47,125
10.000

82
80
08
00
00
91
00

Rate.

Amount.

2 per cent.
2h
“
3
3.35 “
3.40 “
3è
3.52 “

$3,052
10,000
10,000
20,000
60,000
10,000

Rate.

50
00
00
00
00
00

3.58 percent.
3.60 “
3.62 “
3.65 “
3.75 “
3.80 “

Amount.

$197,766
77,500
452,800
1,638,605
66,445
19,870

Rate.

05
00
00
00
00
00

4 per cent.
44«
H
5
5è
“
6

Value, by books, of real estate held or owned by foreclosure or otherwise,
$8,405
Assessed value of the’ same, .
......................................................................
9,540
Net income received from same during the year ending Oct. 31, 1905,
.
262
Number of loans which are of an amount not exceeding $3,000 each, 273
Aggregate amount of the same, .
.
.
............................................
362,115
Total number of loans upon real estate.....................................................429
Amount of investments from which no income is received,
.
.
.
1,750
Gross amount of interest or profits received, as per books, during year
ending Oct. 31, 1 9 0 5 ,.......................................................................................
253,767
Times when dividends are payable, as fixed by the by-laws : third Monday
of January and July. Deposits commence to draw interest: first day
of January, April, July and October.
Rate and amount of each semi-annual dividend j 1^ per cent., $81,548 03 I
Qg2
during the year ending Oct. 31, 1905,
.
1 1| per cent., 84,534 74 J
’
Number of accounts opened during the year ending Oct. 31, 1905,
2,446
Number of accounts closed during the year ending Oct. 31, 1905,
1,817
Total number of open accounts Oct. 31, 1905,
. . . .
12,800
Total expenses of the corporation for the year ending Oct. 31, 1905 (ex­
clusive of taxes),
........................................................................................11,915 11
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 5 ,........................................................................................ 1,098,631
Number of s a m e , ...............................................................................21,154
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1905.........................................................................................................
906,169
Number of s a m e , ...............................................................................12,279
Date of examination by commissioner : September 21.


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

21
00
73
00
00
89

79

52

[Pub. Doc.

REPORT OF THE

294

HOM E S A V IN G S B A N K — B O ST O N .

Incorporated March 17, 1869.
C h a r l e s H. A l l e n , President.
G eorge E. B rock , Treasurer.
G eorge E. B rock , Clerk o f the Corporation.

Names of committee charged with the investment of its funds :
Ch a r l e s H . A l l e n ,
H e n r y C. J a c k so n ,
J. H e n r y R u ss e l l ,

A l b e r t T . W h it in g ,
T hom as F . T e m p l e ,
F r e d e r ic k B. Ca r p e n t e r .

Open for business every business day, 9 a .m . to 2 p . m .

B a l a n c e S h e e t O c t . 3 1 ,1 9 0 5 .

L ia b il it ie s .

A ssets.

Public funds, as per schedule, .
Loan on public funds,
Bank stock, as per schedule,
Loans on bank stock,.
Railroad bonds, as per schedule,
Loan on railroad bonds,
Street railway bonds, as per
schedule,...................................
Railroad notes...............................
Boston Terminal Co. bonds,
Real estate by foreclosure, etc.,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
( n o t e s ) , ...................................
Deposits in banks, on interest, .
Expense account,
Suspense account,
Cash on hand, .
.
.
.

$70,000
50,000
145,000
16,000
1,157,800
4,500

00
00
00
00
00
00

32,000
100,000
30,000
10,000
4,671,775
3,683,874

00
00
00
00
00
89*

76,000
479,785
1,710
83
10,431

Deposits, .
Guaranty fund,
Interest account,
Profit and loss account, .
Rent account, .
Real estate income
account,

$9,765,709 80
515,000 00
85,431 53
172,386 43
325 00
108 45

00
52
72
82
26

$10,538,961 21

$10,538,961 21

* This amount, in excess of the legal limit, has been reduced.

Cash on Deposit in Banks, amount in each : —
First National Bank, B o s t o n , ...................................................................... $300,718 70
Mercantile Trust Company, B o s t o n ,.............................................................
175,000 00
Central National Bank, Boston (in l i q u i d a t i o n ) , ...................................
4,066 82


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

No. 8.]

295

SAYINGS BANK COMMISSIONERS.
H om e S a v in g s B an k — Continued.

Loan on Public Funds : —
$50,000 City of Newton, Mass., 4 s , ............................................................. $50,000 00
Loans on Bank Stock, amount on each : —
25 shares Dedham National Bank, D e d h a m ,............................................ $2,000 00
100 shares Traders’ National Bank, L o w e l l , ...........................................
10,000 00
50 shares Wakefield National Bank, W a k e f i e l d , ...................................
4,000 00
Loan on Railroad Bonds : —
$5,000 Chicago, Burlington & Quincy R.R. 4 s , ............................................$4,500 00

Detailed Statement o f Public Funds.
Par Value.

City of Bay City, Mich., 8s,
of Brockton, Mass., 4s,
of Lynn, Mass., 4s, .
of Sioux City, Iowa, 4£s,.
of South Bend, Ind., 5s, .
of South Bend, Ind., 6s, .
Town of Hyde Park, Mass., 4s,

$4,000
2,000
25,000
4,000
13,000
12,000
10,000
$70,000

Estimated
Market Value.

$4,572
2,005
25,375
4,000
13,310
12,560
10,025

50
00
00
00
00
00
00

$71,847 50

Amount Invested.

$4,000
2,000
25,000
4,000
13,000
12,000
10,000

00
00
00
00
00
00
00

$70,000 00

Xo. of
Shares.

Detailed Statement o f B ank Stocks.

Atlantic N at’l Bank, Boston, .
Continental N ’l Bank, Boston,
First National Bank, Boston, .
Merchants N at’l Bank, Boston,
N ’l B’k of the Republic, Boston,
N ’l Market Bank of Brighton,
B oston,....................................
125 National Union Bank, B oston,.
200 New England N ’l B’k, Boston,
400 Second National Bank, Boston,
75 State National Bank, Boston, .
25 W ebster and Atlas Nat’l Bank,
B oston,....................................
50
23
125
200
200
50


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

Par Value.

Estimated
Market Value.

Amount Invested.

00
00
00
00
00

$5,000 00

12,500
20,000
20,000

$6,750
115
34,375
40,400
32,400

5,000
12,500
20,000
40,000
7,500

5,500
22,500
27,600
85,200
11,325

00
00
00
00
00

5,000
12,500
20,000
40,000
7,500

$5,000
-

2,500

3,550 00

-

12,500 00
20,000 00
20,000 00
00
00
00
00
00

2,500 00

$145,000 $269,715 00 $145,000 00

296

REPOET OF THE

[Pub. Doc.

H om e S a v in g s B a n k — Continued.
Detailed Statement o f Street Bailway Bonds.
Par Value.

Boston Consolidated Street Rail­
way Co. 5 s , ....................................
W est End Street Railway Co. 4s,

Estimated
Market Value.

Amount Invested.

$2,000
30,000

$2,020 00
30,825 00

$2,000 00
30,000 00

$32,000

$32,845 00

$32,000 00

Detailed Statement o f Railroad Bonds.

Albany & Susquehanna R.R. 6s,
Albany & Susquehanna R R. 7s,
Boston, Concord & Montreal R.R. 6s,
Cedar Rapids & Missouri River
R.R. 7s, .............................................
Chicago & Northwestern R.R. 5s, .
Chicago & Northwestern R.R. 7s, .
Dakota Central R.R. 6s, .
Des Moines & Minneapolis R.R. 7s,
Detroit, Munroe & Toledo R.R, 7s, .
D exter & Piscataquis R R. 4s, .
Eastern R.R. 6s,
. . .
Fitchburg R.R. 4s, .
Fitchburg R.R. 5s, .
Hannibal & St. Joseph R.R, 6s,
Joliet & N orthern Indiana R.R. 7 s,.
Kansas City, St. Joseph & Council
Bluffs R.R. 7s,
. . .
Maine Central R.R. 7s,
Menominee River R.R. 7s,
Michigan Central R.R. 6s,
Old Colony R.R. 4s, .
Ottumwa, Cedar Falls & St, Paul
R.R. 5 s ,.............................................
Pennsylvania R R. 6s,
Portland & Ogdensbui*g R.R. 5s,
Syracuse, Binghampton & New
York R.R, 7s...................................
Winona & St. Peters R.R, 7s, .


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

Par Value.

Estimated
Market Value.

$6,000
4,000
4,000

$6,060 00
4,050 00
4,460 00

Amount Invested.

$6,000 00
4,000 00
4,000 00

114,000
5,000
71,000
5,000
31,000
12,000
10,000
44,000
233,000
34,000
160,000
30,000

134,065
5,200
82,440
5,162
32,860
12,270
10,450
44,770
243,695
35,020
177,600
31,875

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

114,000
5,000
71,000
5,000
31,000
12,000
10,000
44,000
233,000
34,000
160,000
30,000

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

150,000
97,000
17,000
40,000
15,000

155,625
114,945
17,382
43,000
16,125

00
00
50
00
00

150,000
97,000
17,000
40,000
15,000

00
00
00
00
00

41,000
4,800
17,000

42,640 00
5,232 00
17,510 00

41,000 00
4,800 00
17,000 00

10,000
3,000

10,300 00
3,187 50

10,000 00
3,G00 00

$1,157,800 $1,255,924 50 $1,157,800 00

No. 8.]

297

SAYINGS BANK COMMISSIONERS.
H om e S av in g s B a n k — Concluded.
Boston Terminal Company Bonds.
Par Value.

$30,000

Boston Terminal Company 3^s,

Estimated
Market Value.

Amount Invested.

$33,300 00

$30,000 00

Total Am ount o f Loans, with Each Specified Bate oj Interest.
Amount.

$300,718
175.000
897,500
60,000
355.000

Kate.

70
00
00
00
00

2J per cent.
3
“
3è
“
3|
“
3f
“

Kate.

Amount.

35 per cent.
4
“
ii
“

$81,500
258,111
4,200
139,100
41,116

Amount.

$80,000
3,496,732
1,282,455
1,880,975
29,525

00
22
06
00
94

4|

“

Rate.

00
67
00
00
82

4 | per cent.
5
“
5i
“
5è
“
6
“

Value, by books, of real estate, held or owned by foreclosure or otherwise, $10,000
Assessed value of the s a m e ,...............................................................................
20,500
Net income received from same during the year ending Oct. 31, 1905,
.
962
Number of loans which are of an amount not exceeding $3,000 each, 160
Aggregate amount of the s a m e , ......................................................................
269,625
Total number of loans upon real estate..................................................... 435
Gross amount of interest or profits received, as per books, during year
ending Oct. 31, 1 9 0 5 ,........................................................................................
450,478
Times when dividends are payable, as fixed by the by-laws: third
Wednesday of April and October. Deposits commence to draw in­
terest : tenth day of January, April, July and October.
Rate and amount of each semi-annual dividend j If per cent., $155,973 79 1 315^55
during the year ending Oct. 31,1905,
.
1 If per cent., 159,981 36 J
Number of accounts opened during the year ending Oct. 31, 1905,
2,429
Number of accounts closed during the year ending Oct. 31, 1905,
2,043
Total number of open accounts Oct. 31, 1905,
. . . .
28,429
Total expenses of the corporation for the year ending Oct. 31, 1905 (ex­
clusive of taxes),
........................................................................................27,121 69
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 5 ,....................................................................................... 1,803.976
Number of s a m e , ............................................'
•
•
•
21,166
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 9 0 5 , ................................................................................................ 1,659,732
Number of s a m e , ....................................................
18,283
Date of examination by commissioner : February 13, 14.


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Federal Reserve Bank of St. Louis

00
00
97
00

52

15

72

64

298

REPORT OF THE

[Pub. Doc.

HOOSAC S A V IN G S B A N K — N O R T H A D A M S.

Incorporated April 19, 1871.
0 . A . A r c h e r , P r e s id e n t.

W . W . R ic h m o n d , T r e a su re r.

H . E . W e t h e r r e e , C le rk o f th e C o rp o r a tio n .

Names of committee charged with the investment of its funds:
S. H . F a i r f i e l d ,
E dm o nd B iss a il l o n ,
W . W . B utler.

Open for business every business day except Saturdays, 9 a .m . to 4
days, 9 a .m . to 1 P . M .

B

alance

Sh

eet

L ia b il it ie s .

$25,000 00
309,934 38
10,000 00
90,506
30,401
751,337
198,651
620
7,544
2,525
8,091
7,409
7,473
6,248

Deposits, .
Guaranty fund,
Interest account,

$1,407,926 37
40,692 09
7,126 08

22
54
55
88
00
66
68
40
05
39
79

$1,455,744 54

Cash on Deposit in Banks, amount in each: —
North Adams National Bank, North Adams,
North Adams Trust Company, North Adams, .
Berkshire Loan and Trust Company, Pittsfield,


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

; Satur­

O c t . 31, 1905.

A ssets.

Public funds, as per schedule, .
Railroad bonds, as per schedule,
Boston Terminal Co. bonds,
Real estate (for banking pur­
poses)..........................................
Real estate by foreclosure, etc.,
Loans on real estate, .
Loans on personal security,
Loans on depositors’ books,
Deposit in bank, on interest,
Deposits in banks, not on interest,
Premium account,
Furniture and fixtures,
Accrued interest,
Cash on hand, . . . .

p .m .

$1,455,744 54

$2,521 92
3 76
7,544 66

No. 8.]

299

SAYINGS BANK COMMISSIONERS.
H o o sa c S a v in g s B a n k — Continued.
Detailed Statement o f Public Funds.
Estimated
Market Value.

Amount Invested.

$10,000
5,000
10,000

$11,425 00
5,350 00
10,000 00

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

$25,000

$26,775 00

$25,000 00

Par Value.

City of Bay City, Mich., 5s,
of Sioux City, Iowa, 4£s,
of W ilkes-Barre, Pa., 3Js,

Detailed Statement o f Railroad Bonds.
Par Value.

Boston & Maine R.R. 3¿s,
Chic., Burlington & Quincy R R. 3¿s,
Chic., Burlington & Quincy R.R. 4s,
Fitchburg R.R. 3¿s, . . . .
Fitchburg R.R. 4s, .
Illinois Central R.R. 3s, .
Illinois Central R.R. 3 às,.
Illinois Central R.R. 4s, .
Michigan Central R.R. 3¿s,
New York, New Haven & Hartford
R.R. 3¿s,
.
.
.
.
.
Peoria & Northwestern R.R. 3¿s,

$12,000
60,000
30,000
7,000
5,000
5,000
68,000
5,000
72,000
37,000
15,000

Estimated
Market Value.

$11,880
57,300
30,450
6,930
5,256
4,250
64,550
5,350
70,560

Amount Invested.

00
00
00
00
25
00
00
00
00

35,705 00
14,625 00

$12,000
59,271
30,000
7,000
5,000
4,425
67,500
5,000
69,506

00
88
00
00
00
00
00
00
25

35,643 75
14,587 50

$316,000 $306,856 25 $309,934 38

Boston Terminal Company Bonds.
Par Value.

Boston Terminal Company 3¿s,

$10,000

Estimated
Market Value.

Amount Invested.

$11,100 00

$10,000 00

Total Am ount o f Loans, with Each Specified Rate o f Interest.
Kate.

Amount.

$7,544 66

3 per cent.


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

Amount.

$928,752 43

Rate.

5 per cent.

Amount.

$21,857 00

Rate.

6 per cent.

300

REPORT OF THE

[Pub. Doc.

H o o sa c S a v in g s B an k —Concluded.
Amount invested in real estate for banking purposes,
. . . .
$90,506 22
Estimated value of the s a m e , .....................................................................
120,000 00
Assessed value of the s a m e ,.............................................................................
91,500 00
Net income received from same duringyear ending Oct. 31, 1905,
. .
3,744 04
Value, by books, of other real estate held or owned by foreclosure or
o th e r w is e ,.......................................................................................................
30,401 54
Assessed value of the s a m e ,.............................................................................
14,650 00
Net income received from same during the year endingOct. 31,1905,
.
518 81
Number of loans which are of an amount not exceeding $3,000 each, 394
Aggregate amount of the s a m e , ......................................................................
464,894 93
Total number of loans upon real e s t a t e , ............................................337
Amount of investments from which no income is received,
.
.
.
3,547 50
Gross amount of interest or profits received, as per books, during year
ending Oct. 31, 1905............................................................................................
68,144 74
Times when dividends are payable, as fixed by the by-laws: first day
June and December. Deposits commence to draw interest: first day
of March, June, September and December.
Rate and amount of eachsemi-annualdividend f 1| per cent., $25,047 96 )
^ ^
during the year ending Oct.31, 1905, .
. 1 1| per cent.,
24,295 41J
Number of accounts opened during the year ending Oct. 31, 1905, . 801
Number of accounts closed during the year ending Oct. 31, 1905,
1,804
Total number of open accounts Oct. 31, 1905,
. . . .
4,692
Total expenses of the corporation for the year ending Oct. 31, 1905 (ex­
clusive of taxes),
.......................................................................................
6,469 26
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1905, ........................................................................................
326,817 26
Number of s a m e , ........................................................................................4,861
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1905............................................................. ■.........................................
480,963 63
Number of s a m e , ......................................................... ....
4,696
Date of examination by commissioner: April 12.


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Federal Reserve Bank of St. Louis

No. 8.]

301

SAVINGS BANK COMMISSIONERS.

H O P K IN T O N S A V IN G S B A N K — H O P K IN T O N .

Incorporated March 23, 1867.
W il l ia m A . F r a il , President.
F r e d A . W ood , Treasurer.
F r e d A . W ood , Clerk o f the Corporation.

Names of committee charged with the investment of its funds:
M a r t in V. P h ip p s ,
W il l ia m A . F r a il ,
J. D a v id S t e w a r t ,
J o hn B . M oore ,
W in sl o w C. P ie r c e .

Open for business every business day except Wednesdays and Saturdays, 9 a . m . to
2 p . m . ; Wednesdays and Saturdays, 9 a . m . to 12 m .

B a la n c e S h e e t O ct . 31, 1905.

L ia b il it ie s .

A ssets.

Public funds, as per schedule, .
Bank stock, as per schedule,
Loan on bank stock, .
Railroad bonds, as per schedule,
Street railway bonds, as per
schedule,...................................
Real estate by foreclosure, etc.,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
( n o t e s ) , ...................................
Deposit in bank, on interest,
Deposit in bank, not on interest,
Expense account,
Cash on hand, . . . .

$46,000
47,171
600
147,368

00
50
00
00

4,975
7,459
89,936
10,040

00
16
00
00

30,800
15,309
1,000
905
10,793

00
32
00
52
97

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

$412,358 47

$382,034 53
18,623 64
11,700 30

$412,358 47

Cash on Deposit in Bank : —
Hopkinton National Bank, H o p k in t o n ,.................................................... $16,309 32*
Loan on Bank Stock : —
8 shares Hopkinton National Bank, H o p k i n t o n , ...................................


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Federal Reserve Bank of St. Louis

* Since reduced within the legal limit.

$600 00

302

KEPOET OF THE

[Pub. Doc.

H o p k in to n S a v in g s B an k — Continued.
Detailed Statement o f Public Funds.
Par Value.

Massachusetts 3s,
Massachusetts 3£s...............................
County of Aroostook, Me., 4£s,
City of Chicago, 111., 4s, .
of Haverhill, Mass., 4s, .
of Portland, Me., 6s,

Estimated
Market Value.

$10,000
10,000
5.000
10,000
5.000
6.000

$9,550
10,350
5,287
10,287
5,115
6,210

' $46,000

00
00
50
50
00
00

$46,800 00

Amount Invested.

$10,000
10,000
5.000
10,000
5.000
6.000

00
00
00
00
00
00

$46,000 00

No. of
Shares.

Detailed Statement o f B ank Stocks.

10
50
50
50
15
25
15
10
48
5
10
25
5
54
20

Par Value.

Greylock N at’l Bank, A dam s,.
Atlantic N at’l Bank, Boston, .
Commonwealth T rust Co., Bos­
ton,
....................................
Continental N’l Bank, Boston,
Faneuil Hall N’l Bank, Boston,
First National Bank, Boston, .
N ’l B’k of the Republic, Boston,
N at’l Exchange Bank, Boston,
N at’l Shawmut Bank, Boston,
State National Bank, Boston, .
W ebster and Atlas National
Bank, Boston,
Franklin Nat’l Bank, Franklin,
Natick National Bank, Natick,
Quinsigamond National Bank,
W orcester................................
W orcester N ’l B’k, Worcester,

Estimated
Market Value.

$1,000
5,000

$1,850 00
6,750 00

5,000

8,600
250
1,965
6,875
2,430
1,500
12,480
755

—

1,500
2,500
1,500
1,000
4,800
500

00
00
00
00
00
00
00
00

Amount Invested.

$1,500 00
6,250 00
7,500 00

_

1,950
2,750
1,950
1,250
7,200
500

00
00
00
00
00
00

1,000
2,500
500

1,420 00
3,000 00
750 00

1,187 50
2,750 00
500 00

5,400
2,000

7,560 00
3,800 00

7,964 00
3,920 00

$34,200

$59,985 00

$47,171 50

Detailed Statement o f Street Railway Bonds.

Boston & Northern Street Railway
Co. 4 s , .............................................


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

Par Value.

Estimated
Market Value.

Amount Invested.

$5,000

$4,800 00

$4,975 00*

A legal investment when made.

No. 8.]

303

SAYINGS BANK COMMISSIONERS.
H o p k in to n S av in g s B an k — Continued.
Detailed Statement o f Railroad Bonds.
Par Value.

Boston & Albany R.R. 4s,
Boston & Lowell R.R. 4s,
Boston & Maine R.R. 4s, .
Chic., Burlington & Quincy R.R. 3ès,
Concord & Montreal R.R. 4s, .
Hannibal & St. Joseph R.R. 6s,
Illinois Central R.R. 3s, .
Illinois Central R.R. 3às, .
Joliet & Northern Indiana R.R. 7 s ,.
Lake Shore & Michigan Southern
R.R. 3^s,
.
.
.
.
.
Maine Central R.R. 4£s, .
Michigan Central R.R. 3és.
N ewport & Richford R.R. 5s, .
New York Central & Hudson River
R.R. 3^s,
....................................
New York, New Haven & H artford
R.R. 3 è s , ....................................
Ottumwa, Cedar Falls & St. Paul
R.R. 5 s,.................................... .........
Pittsburgh, V irginia & Charleston
R R. 4 s ,.............................................
Portland & Rumford Falls R.R. 4 s,.
St. Johnsbury & Lake Champlain
R.R. 5 s ,.............................................

Estimated
Market Value.

Amount Invested.

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

$10,300
10,600
5,325
9,550
10,400
5,550
4,250
14,250
5,312

00
00
00
00
00
00
00
00
50

$10,000
10,000
5,000
10,000
10,000
5,605
4,537
15,000
5,000

5,000
1,000
5,000
10,000

5,050
1,047
4,900
10,550

00
50
00
00

4,993
1,000
4,931
10,000

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

5,000

4,937 50

4,975 00

5,000

4,787 50

4,825 00

10,000

10,400 00

10,000 00

10,000
15,000

10,800 00
15,675 00

10,500 00
15,000 00

6,000

7,440 00

6,000 00

$147,000 $151,125 00 $147,368 00
* A legal Investment when made.

Total Amount o f Loans, with Each Specified Rate o f Interest.
Amount.

$15,309 32
20,000 00
10,000 00

Kate.

per cent.
31
“
3.56 “

Amount.

$13,800 00
16,500 00
31,850 00

Kate.

4 per cent.
H
5
“

Amount.

$15,500 00
23,726 00

Value, by books, of real estate held or owned by foreclosure or otherwise,
Assessed value of the same...................................................................................
Net income received from same during the year ending Oct. 31, 1905,
.
Number of loans which are of an amount not exceeding $3,000 each, 90
Aggregate amount of the s a m e , ......................................................................
Total number of loans upon real e s t a t e , ............................................97
Amount of investments from which no income is recei ved, . . . .


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Federal Reserve Bank of St. Louis

Rate.

5£ per cent.
6

$7,459 16
8,225 00
463 97
58,436 00
404 10

304

REPORT OF THE

[Pub. Doc.

H o p k in to n S a v in g s B an k — Concluded.
Gross amount of interest or profits received, as per books, during year
ending Oct. 31, 1905, ........................................................................................
$17,237 46
Times when dividends are payable, as fixed by the by-laws : first Saturday
of May and November. Deposits commence to draw interest: first
Saturday of February, May, August and November.
Rate and amount of each semi-annual dividend f 2 per cent.,
$6,891 79 ) 13,960 20
during the year ending Oct. 31, 1905,
. 1 2 per cent.,
7,068 41 I
Number of accounts opened during the year ending Oct. 31, 1905, . 122
Number of accounts closed during the year ending Oct. 31, 1905,
. 108
Total number of open accounts Oct. 31, 1905,
. . . .
1,203
Total expenses of the corporation for the year ending Oct. 31, 1905 (ex­
clusive of taxes),
.......................................................................................
1,863 94
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 5 ,........................................................................................
56,347 46
Number of s a m e , ........................................................................................746
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1905..............................................................................
48,399 96
Number of s a m e , ........................................................................................809
Date of examination by commissioner: March 21.


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Federal Reserve Bank of St. Louis

No. 8.]

305

SAYINGS BANK COMMISSIONERS.

H U D S O N S A V IN G S B A N K — H U D S O N .

Incorporated Feb. 26, 1869.
(Office vacant) President.

D a n ie l W. S tratton , Treasurer.
F r ed O. W e l s h , Clerk o f the Corporation.

Names of committee charged with the investment of its funds:
G eorge B. Co c h r a n ,
J ohn H . R o b in so n ,

J o seph S. B r a d l e y ,
H enry T ow er.

Open for business every business day, 9 a . m . to 12 m .; 1.30 to 4.30
6 to 8 p . m . on Saturdays.

p . m .;

also

B a l a n c e S h e e t O ct . 31, 1905.

L ia b il it ie s .

A ssets.

Public funds, as per schedule, .
Bank stock, as per schedule,
Loans on bank stock,.
Railroad bonds, as per schedule,
Street railway bonds, as per
schedule,...................................
Boston Terminal Co. bonds,
Stocks, bonds, etc., taken to secure indebtedness, .
Real estate (for banking purp o s e s ) , ...................................
Real estate by foreclosure, etc.,.
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
(notes), ...................................
Deposits in banks, on interest, .
Deposits in banks, not on interest,
Expense account,
Premium account,
Taxes and insurance,.
Cash on hand, . . . .

$189,600
40,500
1,100
485,325

00
00
00
00

35,000 00
20,000 00

Deposits, .
Guarantv fund,
Interest account,
Profit and loss account, .
Due on mortgage
loans, .

$1,474,846 12
51,000 00
7,339 70
20,095 17
7,500 00

100 00
43,500
12,920
598,845
3,900

00
34
00
00

55,500
50,800
61
654
20.000
648
2,325

00
00
98
29
00
97
41

$1,560,780 99

$1,560,780 99

Cash on Deposit in Banks, amount in each : —
Old Colony Trust Company, Boston, ..............................................................$27,212 65
Hudson National Bank, H u d s o n , , .............................................................
23,649 33


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Federal Reserve Bank of St. Louis

306

[Pub. Doc

REPORT OF THE
H u d so n S a v in g s B an k — Continued.

Loans on Bank Stock, amount on each : —
8 shares Hudson National Bank, H udson,.....................................................
6 shares National Rockland Bank, R o x b u r y ,............................................

$500 00
600 00

Detailed Statement o f Public F unds.,
Par Value.

County of W ashington, Me., 4s,
City of Augusta, Me., 4s,.
of Bay City, Mich., 5s,
of Boston, Mass., 3£s,
of Brockton, Mass., 4s,
of Chicago, 111., 4s, .
of Chicopee, Mass., 4s,
of Fall liiver, Mass., 5s, .
of Malden, Mass., 4s,
of M arlborough, Mass., 4s,
of Portsmouth, N. H., 4s.,
of South Norwalk, Conn., 4s, .
of York, Pa., 4s,
Town of Billerica, Mass., 4s, .
of Clinton, Mass., 4s,
of Gardner, Mass., 4s, .
of Gorham, N. II., 4s, .
of H ull, Mass., 4 s ,.
of W allingford, Conn,, 3.65s,

$10,000
5,000
5,000
25,000
20,000
25,000
4,000
5,000
3,600
10,000
5,000
5,000
5,000
10,000
12,000
10,000
15,000
5,000
10,000

Estimated
Market Value.

$10,600
5,412
5,600
25,250
21,325
25,662
4,240
5,237
3,600
10,600
5,300
5,450
5,350
10,775
12,060
10,850
15,900
5,175
10,100

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

Amount Invested,

$10,000
5,000
5,000
25,000
20,000
25,000
4,000
5,000
3,600
10,000
5,000
5,000
5,000
10,000
12,000
10,000
15,000
5,000
10,000

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

$189,600 $198,487 50 $189,600 00
* A legal investment when made.

Xo. of
Shares.

Detailed Statement o f B ank Stocks.

25 Merchants N at’l Bank, Boston,
10 N’l Bank of Commerce, Boston,
15 N at’l Shawmut Bank, Boston,.
25 National Union Bank, Boston,
37 Old Boston N at’l Bank, Boston,
56 State National Bank, Boston, .
10 W ebster & Atlas National B’k,
B oston,....................................
52 F irst National Bank, C helsea,.
75 Hudson Nat’l Bank, Hudson, .
50 National City Bank, Lynn,
50 Peoples N ’l B’k, Marlborough,


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Federal Reserve Bank of St. Louis

Par Value.

Estimated
Market Value.

Amount Invested.

$2,500
1,000
1,500
2,500
3,700
5,600

$5,050
1,520
3,900
4,500
3,885
8,456

00
00
00
00
00
00

$2,500
1,000
1,500
2,500
3,700
5,600

00
00
00
00
00
00

1,000
5,200
7,500
5,000
5,000

1,420
5,200
10,500
7,750
6,000

00
00
00
00
00

1,000
5,200
7,500
5,000
5,000

00
00
00
00
00

$40,500

$58,181 00

$40,500 00

No. 8.]

SAYINGS BANK COMMISSIONERS.

307

H u d so n S a v in g s B a n k — Continued.
D e ta ile d S ta te m e n t o f S tr e e t R a i lw a y B o n d s.
s

Holyoke Street Railway Co, 5s,
Lowell & Suburban Street Railway
Co. 5 s , .............................................
Lynn & Boston Railroad Co. 5s,

*

Par Value.

Estimated
Market Value.

Amount Invested.

$10,000

$11,450 00

$10,000 00

5,000
20,000

5,200 00
22,200 00

$35,000

$38,850 00

5,000 00*
20,000 00*
$35,000 00

Legal Investments when made.

Detailed Statement o f Railroad Bonds.
Par Value.

Bangor & Aroostook R.R. 5s, .
Beech Creek R.R. 4s,
Bennington & Rutland R.R. 4^s,
Boston & Albany R.R. 3is,
Boston & Maine R.R. 4s, .
Cedar Rapids & Missouri River
R.R. 7 s ,.............................................
Chic., Burlington & Quincy R.R. 3£s,
Chicago & Northwestern R.R, 7s, .
Cleveland & Pittsburgh R.R. 3£s, .
Concord & Montreal R.R. 4s, ,
Erie & Pittsburgh R.R. 3£s,
Fitchburg R.R. 4s, .
Fitchburg R.R. 5s, .
Grafton & Upton R.R. 4s,
Hannibal & St. Joseph R.R. 6s,
Illinois Central R.R. 3s, .
Illinois Central R.R. 3 £ s,.
Illinois Central R.R. 4s, .
Kansas City, St. Joseph & Council
Bluffs R.R. 7s,
. . .
Lake Shore & Michigan Southern
R.R. 3 i s , ....................................
Maine Central R R. 4s,
Maine Central and Eirropean &
North American R.R. 4s,
Michigan Central R.R. 3^s,
Milwaukee, Lake Shore & Western
R.R. 5 s ,.............................................
Milwaukee, Lake Shore & Western
R.R. 6 s ,.............................................
New York, Lackawanna & W estern
R.R. 6s, .............................................


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Federal Reserve Bank of St. Louis

Estimated
Market Value.

Amount Invested.

$5,000
5,000
10,000
20,000
16,000

$6,100
5,275
10,550
20,000
17,120

00
00
00
00
00

$5,000
5,000
10,000
20,000
16,000

00
00
00
00
00

1,000
15,000
15,000
5,000
10,000
11,000
20,000
11,000
5,000
10,000
5,000
23,000
30,000

1,285
14,325
17,462
4,950
10,400
10,835
20,912
11,302
4,000
11,075
4,250
21,685
31,750

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

1,000
15,000
15,000
5,000
10,000
11,000
20,000
11,000
5,000
10,000
4,400
22,050
30,000

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

15,000

15,450 00

15,000 00

25,000
19,000

25,187 50
19,332 50

24,700 00
19,000 00

5,000
20,000

5,275 00
19,600 00

5,000 00
19,300 00

8,000

9,045 00

8,000 00

5,000

6,325 00

5,000 00

15,000

18,975 00

15,000 00

[Pub. Doc.

REPORT OF THE

308

H u d so n S a v in g s B a n k — Continued.
D e ta ile d S ta te m e n t o f R a ilr o a d B o n d s

Par Value.

New York, New Haven & Hartford
R.R. 3¿s,
....................................
New York, New Haven & Hartford
R.R. 4 s ,.............................................
Old Colony R.R. 4 s ,.
Penobscot Shore Line R.R. 4 s ,.
Peoria & Northwestern R.R. 3ès,
Plainview R.R. 7s, .
Portland & Rumford Falls R.R. 4 s ,.
Princeton & Northwestern R.R. 3¿s,
Rochester & Northern Minnesota
R.R. 7s, .............................................
Rumford Falls & Rangeley Lakes
R.R. 6 s ,.............................................
St Johnsbury & Lake Champlain
R.R. 5 s ,.............................................
Troy & Boston R.R. 7s, .
U pper Coos R.R. 4ès,
Winona & St. Peters R.R. 7s, .
W ashington County R.R. 3és, .

— Concluded.
Estimated
Market Value.

Amount Invested.

$9,600 00

$9,775 00

15,000
10,000
10,000
5,000
5,000
10,000
5,000

15,550
10,525
10,350
4,850
5,400
10,350
4,862

15,000
10,000
10,000
4,800
5,000
10,000
4,800

10,000

10,775 00

10,000 00

5,000

5,800 00

5,000 00

f i o , 000

25,000
20,000
10,000
10,000
10,000

31,000
28,300
11,000
11,775
9,450

00
00
00
00
00
00
50

00
00
00
00
00

25,000
20,000
10,000
10,000
9,500

00
00
00
00
00
00
00

00
00
00
00
00

$489,000 $522,055 00 $485,325 00

B o sto n T e r m in a l C o m p a n y B o n d s.

Boston Term inal Company 3¿s,

Par Value.

Estimated
Market Value.

Amount Invested.

$ 2 0 ,0 0 0

$ 2 2 ,2 0 0 0 0

$ 2 0 ,0 0 0 0 0

T o ta l A m o u n t o f L o a n s , w ith E a c h S p e c ifie d R a te o f In te r e s t.

Amount.

$50,800 00
36,500 00
13,000 00

Rate.

2 per cent.
H
“
4
“


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

Amount.

$6,000 00
345,060 00
228,005 00

Rate.

4£ per cent.
5
“
5h
“

Amount.

$29,580 00
1,200 00

Rate.

6 per cent.
7 “

No. 8.]

SAVINGS BANK COMMISSIONERS.

309

H u d so n S a v in g s B a n k — Concluded.
Amount invested in real estate for banking purposes,...................................
Estimated value of the s a m e , ......................................................................
Assessed value of the s a m e ,...............................................................................
Net income received from same during year ending Oct. 31,1905,
Value, by books, of other real estate held or owned by foreclosure or
otherwise..............................................................................................................
Assessed value of the s a m e ,...............................................................................
Number of loans which are of an amount not exceeding $3,000 each, 345
Aggregate amount of the same, .
.
.
.
.
.
.
.
.
Total number of loans upon real e s t a t e , ............................................374
Gross amount of interest or profits received, as per books, during year
ending Oct. 31, 1 9 0 5 ,.......................................................................................
Times when dividends are payable, as fixed by the by-laws: third Wednes­
day of January and July. Deposits commence to draw interest: third
Wednesday of January, April, July and October.
Rate and amount of each semi-annual dividend f 1| per cent., $23,781 56 )
during the year ending Oct. 31, 1905,
.
1 If per cent., 24,055 52 1
Number of accounts opened during the year ending Oct. 31,1905, . 824
Number of accounts closed during the year ending Oct. 31, 1905,
. 565
Total number of open accounts Oct. 31, 1905,
. . . .
4,753
Total expenses of the corporation for the year ending Oct. 31, 1905 (ex­
clusive of taxes),
.......................................................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 5 ,.......................................................................................
Number of s a m e , ...............................................................................5,149
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1905.........................................................................................................
Number of s a m e , ...............................................................................3,383
Date of examination by commissioner: February 14.


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

$43,500
43,500
36,600
1,854

00
00
00
49

12,920 34
19,335 00
341,280 00

71,532 44

47,837 08

3,229 38
279,685 00

278,876 62

310

REPORT OF THE

[Pub. Doc,

H Y D E P A R K S A V IN G S B A N K — H Y D E P A R K .
Incorporated March 8, 1871.
R obert B l e a k ie , President.
A r t h u r H . B u r t , Treasurer.
A r t h u r H . B u r t , Clerk o f the Corporation.

Names of committee charged with the investment of its funds:
R obert B l e a k ie ,
H e n r y S. B un t o n ,
F r e d e r ic k N. T ir r e l l ,
D a v id P e r k in s ,
F r a n k l in C. G r a h a m .

Open for business every business day, 11 a .m . to 4 p . m .; also Saturdays, for deposits
only, 6 to 8 p m .

B a l a n c e S h e e t O ct . 31,1905.

A ssets.

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

L ia b il it ie s .

$14,600 00
7,200 00
198,462 50
21,000 00
8,000
14,871
743,830
244,200

00
92
00
00

23,000
400
25,618
1,132
4,117

00
00
72
08
25

$1,306,432 47

Cash on Deposit in Banks, amount in each: —
Commonwealth Trust Company, Boston, .
First National Bank, Boston,
.
National Shawmut Bank, Boston,
Hyde Park National Bank, Hyde Park,
Loans on Bank Stock, amount on each: —
75 shares Dedham National Bank, Dedham,
10 shares First National Bank, New Bedford, .
5 shares Wachusett National Bank, Fitchburg,


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

Deposits, .
Guaranty fund,
Interest account,
Profit and loss ac­
count, .
Due on mortgage
loans, .

$1,203,533 20
56.230 79
21,148 62
25.230 04
289 82

$1,306,432 47

$3,026
14,828
2,957
4,806

51
17
58
46

$ 6,000

00

1,000 00

200 00

No. 8.]

311

SAYINGS BANK COMMISSIONERS.
H y d e P ark S a v in g s B an k — Continued.

No. of jl
Shares. I

Detailed Statement o f Bank Stocks.

10
8
20
31
19
13
6
25
14

Par Value.

First National Bank, Boston, .
Freemans N at’l Bank, Boston,
Merchants Nat’l Bank, Boston,
N’l B’k of Commerce, Boston,
N’l B’k of the Republic, Boston,
Nat’l Exchange Bank, Boston,
Second National Bank, Boston,
State National Bank, Boston, .
First Nat’l B’k, Newburyport,

Estimated
Market Value.

$1,000
800
2,000
3,100
1,900
1,300
600
2,500
1,400
$14,600

$2,750
832
4,040
4,712
3,078
1,950
1,278
3,775
1,708

00
00
00
00
00
00
00
00
00

$24,123 00

Amount Invested.

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

00
00
00
00
00
00
00
00
00

$14,600 00

Detailed Statement o f Street Railw ay Bonds.
Estimated
Market Value.

Amount Invested.

$9,000 , $10,080 00
12,000
12,810 00

$9,000 00*
12,000 00

Par Value.

Lynn & Boston Railroad Co. 5s,
W est End Street Railway Co. 4s,

$21,000

$22,890 00

$21,000 00

* A legal investment when made.

D e ta ile d S ta te m e n t o f R a ilr o a d B o n d s.

Par Value.

Albany & Susquehanna R R. 6s,
Boston & Albany R.R. 4s,
Boston & Maine R.R. 4s, .
Boston, W inthrop & Shore R.R. 5s,
Cedar Rapids & Missouri River R.R.
7 s ,......................................................
Chicago & Tomah R.R, 6s,
Eastern R.R. 6s,
. . .
Fitchburg R.R. 4£s, .
Illinois Central R.R. 3£s,.
Kansas City, St. Joseph & Council
Bluffs R.R. 7s...................................
Maine Central R.R. 7s, .


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

Estimated
Market Value.

Amount Invested.

$5,000
11,000
5.000
10,000

$5,037
11,385
5.475
10,075

50
00
00
00

$5,000
11,000
5.000
10,000

00
00
00
00

3.000
10,000
48.000
8.000
10.000

3,337
10,000
48,720
8,520
9.475

50
00
00
00
00

3.000
10,000
48.000
8.000
9,462

00
00
00
00
50

13.000
29.000

13,520 00
34,655 00

13.000 00
29.000 00

REPORT OF THE

312

[Pub. Doc

H y d e P ark S av in g s B a n k — Concluded.
D e ta ile d S ta te m e n t o f R a ilr o a d B o n d s

Estimated
Market Value.

Amount Invested.

$30,000

$32,625 00

$30,000 00

2,000
10,000
5,000

2,027 50
10,550 00
5,325 00

2,000 00
10,000 00
5,000 00

Par Value.

Michigan Central R.R. 6s,
Milwaukee, Lake Shore & W estern,
R.R. 5 s ,.............................................
U pper Coos R.R. 4s,
. . .
W orcester, Nashua & Roch. R.R. 4s,

— Concluded.

$199,000 $210,727 50 $198,462 50

T o ta l A m o u n t o f L o a n s , w ith E a c h S p e c ifie d R a te o f I n te r e s t.

Amount.

$10,790 55
14,828 17
43,000 00

Kate.

2 per cent.
2i
“
4
“

Amount.

Rate.

$116,000 00 4£ per cent.
637,120 00 5

Amount.

$52,100 00
170,410 00

Kate.

5J per cent.
6
«

Amount invested in real estate for banking purposes,...................................
$8,000 00
Estimated value of the s a m e , ...................................
20,000 00
Assessed value of the s a m e ,...............................................................................
21,500 00
Value, by books, of other real estate held or owned by foreclosure or
o th e r w ise ,.........................................................................................................
14,871 92
Assessed value of the s a m e ,...............................................................................
14,800 00
Number of loans which are of an amount not exceeding $3,000 each, 276
Aggregate amount of the s a m e , ......................................................................
439,437 58
Total number of loans upon real e s t a t e , ............................................321
Gross amount of interest or profits received, as per books, during year
ending Oct. 31, 1 9 0 5 ,.......................................................................................
62,474 14
Times when dividends are payable, as fixed by the by-laws: fifteenth day
of January and July. Deposits commence to draw interest: first day
of January, April, July and October.
Rate and amount of each semi-annual dividend f 2 per cent.
$20,616 50 1
42,104 52
during the year ending Oct. 31, 1905,
. I 2 per cent.,
21,488 02 J
Number of accounts opened during the year ending Oct. 31, 1905, . 878
Number of accounts closed during the year ending Oct. 31, 1905,
. 586
Total number of open accounts Oct. 31, 1905,
. . . .
5,187
Total expenses of the corporation for the year ending Oct. 31, 1905 (ex­
clusive of taxes),
.......................................................................................
3,575 08
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 5 ,.......................................................................................
337,740 03
Number of s a m e , ...............................................................................8,467
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1905.........................................................................................................
288,086 03
Number of s a m e , ............................................................. ........
.
5,255
Date of examination by commissioner: January 13.


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

No. 8.]

313

SAYINGS BANK COMMISSIONERS.

IN S T IT U T IO N F O R S A V IN G S I N N E W B U R Y P O R T A N D
IT S V I C I N I T Y -N E W B U R Y P O R T .
Incorporated Jan. 31,1820.
H e n r y B. L it t l e , President.
L a w r e n c e W . P ip e r , Treasurer.
G eorge F. A v e r y , Clerk o f the Corporation.

Names of committee charged with the investment of its funds :
H e n r y B. L it t l e ,
G eorge W. P i p e r ,
L a w r e n c e B. C u s h in g ,
T. C. S im p so n ,
F. F. M o r r il l .

Open for business every business d a y , 8.30 a .m . to 2 p .m .

B a la n c e S h e e t O c t . 31, 1905.

L ia b il it ie s .

Assets.

Public funds, as per schedule, . $1,532,187 00
344,320 00
Bank stock, as per schedule,
Loan on bank stock, .
3,000 00
Railroad bonds, as per schedule, 1,774,457 50
Street railway bonds, as per
25.000 00
schedule,...................................
20.000 00
Railroad notes, . . . .
Real estate (for banking pur­
47,870 41
poses), ...................................
97,253 31
Real estate by foreclosure, etc.,
Loans on real estate, .
1,717,855 00
Loans on personal security,
1,506,145 00
Loans to counties, cities or towns
50,300 00
( n o t e s ) , ...................................
Deposits in banks, on interest, .
64,003 33
1,039 69
Cash on hand, . . . .

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

$7,183,431 24

Cash on Deposit in Banks, amount in each: —
Powow River National Bank, Amesbury, .
First National Bank, B o s t o n , ...................................
First National Bank, Newburyport, . .
.
.
Merchants National Bank, Newburyport, .
Ocean National Bank, Newburyport, .
.
.
.
Loan on Bank Stock: —
52 shares Marblehead National Bank, Marblehead, .


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

$6,637,655 04
327,000 00
2,055 58
134,732 13
81,988 49

$7,183,431 24

$25,000
5,221
8,781
5,000

00
80
53
00

20,000 00

$3,000 00'

314

[Pub. Hoc

REPORT OF THE

I n s titu tio n for S a v in g s in N e w b u r y p o rt, e tc . — Continued.
Detailed Statement o f Public Funds.
Par Value.

Massachusetts 3is, . . . .
County of Aroostook, Me., 4is,
City of Altoona, Pa , 4s, .
of Akron, Ohio, 4s, .
of Akron, Ohio, 4£s,
of Akron, Ohio, 5s, .
of Bay City, Mich,, 4s,
of Boston, Mass., 4s,
of Brockton, Mass., 3is, .
of Canton, Ohio, 3is,
of Central Falls, R. I., 4s,
of Chelsea, Mass., 4s,
of Chicago, 111., 4s, .
of Chicopee, Mass., 4s,
of Dayton, Ohio, 3is,
of Dayton, Ohio, 4 s,.
of Dover, N. H., 4s, .
of Dubuque, Iowa, 4s,
of Everett, Mass,, 4s,
of Haverhill, Mass., 4s, .
of Johnstown, Pa., 3is, .
of Kansas City, Mo., 4s, .
of Lawrence, Mass , 4s, .
of Lynn, Mass., 4s, .
of Manchester, N. PI., 4s,.
of Minneapolis, Minn., 4s,
of New Bedford, Mass., 3£s, .
of Newbury port, Mass., 4s,
of Pawtucket, R. I., 4s, .
of Saginaw, Mich., 3£s, .
of Saginaw, Mich., 4s,
of South Bend, Ind., S is ,.
of South Bend, Ind., 4s, .
of South Bend, Ind., 5s, .
of Springfield, Ohio, 4s, .
of St. Joseph, Mo., 3is, .
of Taunton, Mass., 4s,
of W altham, Mass., 4s, .
of W ilkes-Barre, Pa., 3is,
of Youngstown, Ohio, 5s,
of York, Pa., 4s,
Town of Beverly, Mass., 4s,
of Marblehead, Mass., 4s,
of M arlborough, Mass., 4s, .
of Stoughton, Mass., 4s,
of T urner’s Falls, Mass. (Fire
District), 4s, .


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

Estimated
Market Value.

Amount Invested.

$125,000 $131,061 00 $125,000 00
45,000 00
47,250 00
45,000
30,000 00
31,800 00
30,000
25,000 00
25,562 00
25,000
20,500 00
22,140 00
20,500
4,000 00
4,020 00
4,000
16,000 00
16,200 00
16,000
156,625 00 150,000 00
150,000
4,000 00
4,000 00
4,000
20,000 00*
19,650 00
20,000
25,000 00
25,687 00
25,000
32,000 00
33,840 00
32,000
30,000 00
30,975 00
30,000
50,000 00
52,250 00
50,000
34,000 00
34,000 00
34,000
25,000 00
26,281 00
25,000
20,000 00
20,500 00
20,000
25,000 00
25,687 00
25,000
25,000 00
26,437 00
25,000
75,000 00
78,656 00
75,000
25,000 00
24,500 00
25,000
25,000 00
26,250 00
25,000
25,000 00
25,750 00
25,000
25,000 00
26,562 00
25,000
20,000 00
20,050 00
20,000
34,000 00
34,000 00
34,000
50,000 00
50,000 00
50,000
145,301 00 141,500 00
141,500
1,007 50
1,000 00*
1,000
10,000 00*
9,600 00
10,000
10,000 00*
10,250 00
10,000
16,500 00
16,335 00
16,500
5,000 00
5,062 00
5,000
25,000 00
25,000
25,500 00
10,000 00
10,075 00
10,000
50,000 00
49,000 00
50,000
46,000 00
46,000
49,055 00
12,000 00
12,030 00
12,000
12,000 00
11,820 00
12,000
34,187 00
35,298 08
34,187
26,000 00
26,000
26,780 00
14,000 00
14,000
14,297 00
43,500 00
45,680 00
43,500
31,000 00
31,930 00
31,000
50,000 00
51,500 00
50,000
10,000

10,350 00

10,000 00

$1,532,187 $1,580,603 58 $1,532,187 00
*

Legal investments when made.

No. 8.]

315

SAYINGS BANK COMMISSIONERS

In stitu tio n for S a v in g s in N e w b u r y p o r t, e tc . — Continued.

No. of
Shares.

Detailed Statement o f Bank Stocks.

100 Commonwealth T rust Com­
pany, Boston,
50 Commercial Nat’l B’k, Boston,
240 Faneuil Hall N’l Bank, Boston,
250 First National Bank, Boston, .
169 Freemans N at’l Bank, Boston,
173 Merchants N at’l Bank, Boston,
221 N’l B’k of Commerce, Boston,
100 N at’l Exchange Bank, Boston,
250 N at’l Shawmut Bank, B oston,.
208 National Union Bank, Boston,
100 New England N ’l B’k, Boston,
100 Old Boston Nat’l Bank, Boston,
520 Second National Bank, Boston,
101 State National Bank, Boston, .
250 Tremont N at’l Bank, Boston, .
225 W ebster and Atlas National
Bank, Boston,
60 Gloucester N ’l B’k, Gloucester,
56 F irst N ’l Bank, Newburyport,
108 Mechanicks N at’l Bank, New­
buryport,
. . . .
1,226 Merchants N at’l Bank, New­
buryport,
. . . .
112 Ocean N’l B’k, Newburyport,
23 W arren Nat’l Bank, Peabody,

Par Value.

Estimated
Market Value.

|10,000
5,000
24,000
25,000
16,900
17,300
22,100
10,000
25,000
20,800
10,000
10,000
52,000
10,100
8,750

$17,000
6,750
31,440
68,750
17,576
34,946
33,592
15,000
65,000
37,440
13,800
10,500
110,760
15,251
100

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

31,950 00
8,400 00
6,832 00

22,500
6,000
5,600

_

540 00
28,198 00
6,272 00
2,760 00

24,520
5,600
2,300

Amount Invested.

$15,000
7,000
24,000
25,000
16,900
17,300
22,100
10,000
37,500
20,800
10,00.0
10,000
52,000
10,100
100

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

22,500 00
6,000 00
5,600 00

_
24,520 00
5,600 00
2,300 00

$333,470 $562,857 00 $344,320 00

Detailed Statement o f Street Railway Bonds.
Par Value.

Lynn & Boston Railroad Co. 5s,


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

$25,000

Estimated
Market Value.

Amount Invested.

$27,500 00

$25,000 00*

* A legal investment when made.

316

REPORT OF THE

[Pub. Doc.

In s titu tio n for S a v in g s in N e w b u r y p o rt, e tc . — Continued.
Detailed Statement of Railroad Bonds.
Estimated
Market Value.

Amount Invested.

$25,000 00
100,000 00
85,000 00

$26,500 00
103,000 00
99,025 00

$25,000 00
100,000 00
85,000 00

55,000 00

61,875 00

55,000 00

75,000 00

71,625 00

75,000 00

Tar Value.

Beech Creek R.R. 4s, .
Boston & Lowell R.R. 4s, .
Boston & Maine R.R. 4£s, .
Burlington & Missouri River
R.R 6s, .
.
.
.
.
Chic., Burlington & Quincy R.R.
3is, .
.
.
.
.
.
Chic., Burlington & Quincy R.R.
4 s , .............................................
Chicago & Northwestern R.R. 6s,
Concord & Montreal R.R. 4s,
D exter & Piscataquis R.R. 4s, .
Eastern R.R. 6s, .
Fitchburg R.R. 4s,
.
.
Freemont, Elkhorn & Missouri
Valley R.R. 6s,
. . .
Hannibal & St. Joseph R.R. 6s, .
Illinois Central R.R. 3s,
Illinois Central R.R 3£s, .
Illinois Central R.R. 4s,
Kansas City, St. Joseph & Conncil Bluffs R.R. 7s,
Maine Central R.R. 4s,
Maine Central R.R. 7s,
Maine Central and European &
N orth American R R. 4s,
Michigan Central R.R. 3£s,
Minnesota & Iowa R.R. 3£s,
New York, New Haven & Hartford R.R. 4s, .
Norwich & W orcester R.R. 4s, .
Old Colony R.R. 4s, .
Pennsylvania R.R. 6s,.
Penobscot Shore Line R.R. 4s, .
Peoria & N orthwestern R.R. 3£s,
Pittsburgh, V irginia & Charleston R.R. 4s,
. . .
Portland & Ogdensburg R.R 3£s,
Portsmouth, Great Falls & Conway R.R. 4£s, . . . .
Sioux City & Pacific R.R. 3£s,
U pper Coos R.R. 4s, .
U pper Coos R.R. 4 i s , .
W atertown & Rome R.R. 6s,
W orcester, Nashua & Roch. R.R.
4 s , .............................................


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

d

23,000
45,000
25,000
15,000
24,000
130,000

00
00
00
00
00
00

23,345
52,200
26,000
15,675
24,360
133,600

00
00
00
00
00
00

23,000
45,000
25,000
15,000
24,000
130,000

00
00
00
00
00
00

25,000
22,000
75,000
100,000
51,000

00
00
00
00
00

35,000
24,200
61,500
94,500
53,805

00
00
00
00
00

25,000
22,000
67,125
100,000
51,000

00
00
00
00
00

25,000 00
24,000 00
42,000 00

25,687 00
24,300 00
49,560 00

25,000 00
24,000 00
42,000 00

39,000 00
25,000 00
70,000 00

40,755 00
24,437 00
67,725 00

39,000 00
25,000 00
70,000 00

125,000
50,000
120,000
24,332
100,000
25,000

00
00
00
50
00
00

25,000 00
100,000 00
10,000
20,000
25,000
6,000
12,000

00
00
00
00
00

40,000 00

132,562
52,500
129,600
26,522
104,500
24,250

00
00
00
00
00
00

26,500 00
98,500 00
11,500
19,250
25,500
6,600
13,080

00
00
00
00
00

41,800 00

125,000
50,000
120,000
24,332
100,000
25,000

00
00
00
50
00
00

25,000 00
100,000 00
10,000
20,000
25,000
6,000
12,000

00
00
00
00
00

40,000 00

$1,782,332 50 $1,851,338 00 $1,774,457 50

No. 8.]

SAYINGS BANK COMMISSIONERS.

317

In stitu tio n fo r S av in g s in N ew b u r y p o r t, e tc . — Concluded.
Total Amount o f Loans, with Each Specified Rate o f Interest.
Amount.

$5,221
8,781
6,000
1,168,500

80
53
00
00

Kate.

Amount.

Rate.

Amount.

Rate.

2£ per cent.
3.76 «
3è
4
“

$496,500 00
934,150 00
12,500 00

4^ per cent.
H
“
4| «

$672,230 00
27,770 00
29,650 00

5 per cent.
5h “
6

Amount invested in real estate for banking purposes, .
.
.
.
.
Estimated value of the s a m e , ......................................................................
Assessed value of the same...................................................................................
Value, by books, of other real estate held or owned by foreclosure or
o th e r w is e ,.........................................................................................................
Assessed value of the s a m e ,..............................................................................
Number of loans which are of an amount not exceeding $3,000 each, 459
Aggregate amount of the s a m e , ......................................................................
Total number of loans upon real e s t a t e , ............................................514
Amount of investments from which no income is received,
Gross amount of interest or profits received, as per books, during year
ending Oct. 31, 1905............................................................................................
Times when dividends are payable as fixed by the by-laws: fourth
Wednesday of April and October. Deposits commence to draw in­
terest: third Wednesday of January, April, July and October.
Rate and amount of each semi-annual dividend r 2 per cent., $126,515 09 1
during the year ending Oct. 31, 1905,
.
j 2 per cent., 127,612 70 J
Number of accounts opened during the year ending Oct. 31, 1905,
1,163
Number of accounts closed during the year ending Oct. 31,1905,
1,069
Total number of open accounts Oct. 31, 1905, . . . .
13,147
Total expenses of the corporation for the year ending Oct. 31, 1905 (ex­
clusive of taxes),
.......................................................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 5 ,.......................................................................................
Number of s a m e # ........................................................................................7,026
Amount of withdrawals, including dividends, during the year ending
Oct. 31,1905....................................................................................... ........
Number of s a m e , ....................................................................................... 8,545
Date of examination by commissioner: September 29.


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

$47,870 41
47,870 41
35,000 00
97,253 31
101,100 00

444,400 00
24,327 05
302,841 11

254,127 79

10,421 66
686,006 98

820,333 01

318

REPORT OF THE

[Pub. Doc

IN S T IT U T IO N F O R S A V IN G S I N R O X B U R Y A N D IT S
V IC IN IT Y — B O ST O N .

Incorporated Feb. 22, 1825.
Ch a r l e s G. S m it h , President.
R obert G. M olinetjx , Treasurer.
R obert G. M o l in e u x , Clerk o f the Corporation.

Names of committee charged with the investment of its funds :
J o h n D. W il l ia m s ,
C h a r le s G. S m it h ,
J a m e s A. H ouston .

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

a .m .

to 3

p .m .

;

B a l a n c e S h e e t O c t . 31, 1905.

A ssets.

Public funds, as per schedule, .
Bank stock, as per schedule,
Railroad bonds, as per schedule,
Street railway bonds, as per
schedule,...................................
Boston Terminal Co. bonds,
Real estate (for banking pur­
poses),
...................................
Real estate by foreclosure, etc.,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
( n o t e s ) , ...................................
Deposits in banks, on interest, .
Cash on hand, . . . .

L ia b il it ie s .

$734,000 00
57,860 00
3,104,237 50
260,000 00
150.000 00
155.000
110,259
3,718,631
1,830,700

Deposits, .
$10,236,222 71
Guaranty fund,
485,000 00
Interest account,
47,730 02
Profit and loss ac­
count, .
37,468 18

00
50
42
00

298.000 00
360,825 07
26,907 42
$10,806,420 91

$10,806,420 91

Cash on Deposit in Banks, amount in each : —
Boylston National Bank, B o s t o n , ............................................................. $17,085 86
City Trust Company, Boston.............................................................................
81,474
Commonwealth Trust Company, B o s to n ,.....................................................
72,030
National Rockland Bank, Boston.....................................................................
106,868
National Shawmut Bank, B o s t o n , .............................................................
60,782
Second National Bank, B o s to n ,......................................................................
22,583


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

01
74
49
83
14

No. 8.]

SAYINGS BANK COMMISSIONERS.

319

I n s titu tio n for S av in g s in R o x b u r y an d its V ic i n it y — Continued.
Detailed Statement o f Public Funds.
Par Value.

City of Boston, Mass., 3<|s,
of Boston, Mass., 4s,
of Chelsea, Mass., 4s,
of Dayton, Ohio, 5s,
of Fall River, Mass., 4s, .
of Fitchburg, Mass., 4s, .
of Indianapolis, Ind., 4s, .
of Lynn, Mass., 4s, .
of Medford, Mass., 4s,
of Rutland, V t , 4s, .
of W aterbury, Conn,, 4 s ,.
Town of Arlington, Mass., 4 s ,.
of Billerica, Mass., 4s, .
of Reading, Mass., 4s, .

Estimated
Market Value.

Amount Invested.

$100,000 $101,000 00 $100,000 00
156,000
161,140 00
156,000 00
50,000
50,250 00
50,000 00
20,200 00
20,000
20,000 00
31,270 00
30,000
30,000 00
100,000
102,500 00 100,000 00
25,000
26,500 00
25,000 00
50,000
51,500 00
50,000 00
35,000
36,365 00
35,000 00
53,000 00
50,000 00
50,000
25,000 00
25,000
26,250 00
45,000
48,150 00
45,000 00
30,740 00
29,000 00
29,000
20,140 00
19,000
19,000 00
$734,000 $759,005 00 $734,000 00

No. of
Shares.

Detailed Statement o f B ank Stocks.

50
15
21
173
210
55
39
16
510
10

Par Value.

Atlantic Nat’l Bank, Boston, .
N ’l B’k of Commerce, Boston,
N ’l B’k of the Republic, Boston,
N at’l Rockland Bank, Boston,
Peoples N at’l Bank, Boston, .
Second National Bank, Boston,
State National Bank, Boston, .
Tremont Nat’l Bank, Boston, .
Washington N ’l Bank, Boston,
W ebster and Atlas National
Bank, Boston,

$5,000
1,500
2,100
17,300
21,000
5,500
3,900
560
-

Estimated
Market Value.

$6,750
2,280
3,402
28,545
26,250
11,715
5,889

00
00
00
00
00
00
00

-

510 00

Amount Invested.

$5,000
1,500
2,100
17,300
21,000
5,500
3,900
560

00
00
00
00
00
00
00
00
-

1,000

1,420 00

1,000 00

$57,860

$86,761 00

$57,860 00

Detailed Statement o f Street Railw ay Bonds.
Par Value.

Springfield Street Railway Co. 4s, .
W est End Street Railway Co. 4s,


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

Estimated
Market Value.

Amount Invested.

$150,000 $154,500 00 $150,000 00
114,550 00 110,000 00
110,000
$260,000 $269,050 00 $260,000 00

320

REPORT OF THE

[Pub. Doc.

In stitu tio n for S av in g s in R o x b u r y an d its V ic in it y — Continued.
Detailed Statement o f Railroad Bonds.
Par Value.

Boston & Albany R.R. 3ès,
Boston & Albany R.R. 4s,
Boston & Lowell R.R. 4s,
Boston & Maine R.R. 3ès,
Boston & Maine R.R. 4¿s,
Chic., Burlington & Quincy R.R. 3^s,
Chic., Burlington & Quincy R.R. 4s,
Chicago & Northwestern R.R. 3¿s, .
Cleveland & Pittsburgh R.R. 3¿s, .
Concord & Claremont R.R 4ès,
Concord & M ontreal R.R. 4s, .
Danbury & Norwalk R.R. 5s, .
Eastern R.R. 6s,
. . .
Fitchburg R.R 3¿s, . . . .
Fitchburg R.R. 4s, .
Illinois Central R.R. 3s, .
Illinois Central R.R. 3¿s, .
Maine Central R.R. 4s,
Manchester & Lawrence R.R. 4s,
Michigan Central R.R. 3¿s,
Minnesota & Iowa R.R. 3¿s,
New York Central & Hudson River
R.R. 3 è s , ....................................
New York, New Haven & Hartford
R.R. 8 ¿ s , ....................................
New York, New Haven & H artford
R.R. 4s...............................................
Old Colony R.R. 4s, .
Sullivan County R.R. 4s, .
Washington County R.R. 3£s, .
W orcester, Nashua & Roch. R.R. 4s,

Estimated
Market Value.

Amount Invested.

$125,000 $125,000 00 $125,000 00
25,000
26,250 00
25,000 00
105,000 106,785 00 105,000 00
360,000 354,175 00 356,625 00
100,000
117,000 00
100,000 00
420,000 399,000 00 399,600 00
110,000 113,050 00 110,000 00
50,000
49,750 00
50,000 00
50,000
50,000 00
49,500 00
50,000
53,000 00
50,000 00
75,000
78,000 00
75,000 00
25,000
28,625 00
25,000 00
30,500
30,805 00
30,500 00
100,000
99,000 00
100,000 00
150,000
150,000 00
140,000 00
100,000
89,250 00
84,500 00
330,000 310,200 00 317,112 50
25,000
25,375 00
25,000 00
50,000
51,250 00
50,000 00
20,000
19,600 00
19,800 00
50,000
48,500 00
50,000 00
100,000

98,500 00

100,000 00

330,000

316,800 00

316,950 00

210,000
100,000
25,000
10,000
50,000

220,700
105,400
25,875
9,500
52,500

210,000
100,000
25,000
9,400
50,000

00
00
00
00
00-

00
00
00
00
00

$3,175,500 $3,148,640 00 $3,104,237 50

Boston Terminal Company Bonds.
Par Value.

Boston Terminal Company 3¿s,


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

Estimated
Market Value.

Amountlnvested.

$150,000 $166,500 00 $150,000 00

No. 8.]

SAYINGS BANK COMMISSIONERS.

321

In stitu tio n for S avin gs in R o x b u r y and its V ic i n it y — Concluded.
Total Am ount o f Loans, with Each Specified Bate o f Interest.
Amount.

$360,825
10,000
140,000
10,000
35,000
5,000

Rate.

07
00
00
00
00
00

2 per cent.
3
“
H
“
jjiiftr “
3 ft “
3ftfl “

Amount.

$108,000
35,000
1,276,000
145,000
1,536,200
22,500

Rate.

00
00
00
00
00
00

3 ^ per cent
Q 72

U

3P0
35
4
4J

«
“
“
“

Amount.

$234,500
805,275
18,000
1,441,906
6,450
18,500

Rate.

00
00
00
42
00
00

4^ per cent.
4i
“
4§
“
5
“
5i
“
6
“

Amount invested in real estate for banking purposes,...................................$155,000 00
Estimated value of the s a m e , ......................................................................
150,000 00
Assessed value of the s a m e ,...............................................................................
175,000 00
Value, by books, of other real estate held or owned by foreclosure or
o th e r w ise ,.........................................................................................................
110,259 50
Assessed value of the s a m e ,...............................................................................
180,000 00
Number of loans which are of an amount not exceeding $3,000 each, 462
Aggregate amount of the s a m e , ......................................................................
806,652 00
Total number of loans upon real estate,
.
.
.
.
. 854
Amount of investments from which no income is recei ved, . . . .
4,500 00
Gross amount of interest or profits received, as per books, during year
ending Oct. 31, 1 9 0 5 ,.......................................................................................
420,008 31
Times when dividends are payable, as fixed by the by-laws : Thursday fol­
lowing third Wednesday of April and October. Deposits commence to
draw interest: third Wednesday of January, April, July and October.
Rate and amount of each semi-annual dividend f 1£ per cent., $138,484 89 )
533 83
during the year ending Oct. 31, 1905,
.
1 2 per cent.,
190,048 94 >
’
Number of accounts opened during the year ending Oct. 31, 1905,
4,206
Number of accounts closed during the year ending Oct. 31, 1905,
2,564
Total number of open accounts Oct. 31, 1905,
. . . .
26,332
Total expenses of the corporation for the year ending Oct. 31, 1905 (ex­
clusive of taxes),
........................................................................................21,32100
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 5 ,....................................................................................... 2,106,915 77
Number of s a m e , ...............................................................................
34,069
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 9 0 5 , ................................................................................................ 1,831,036 95
Number of same....................................................................................
26,289
Dates of examination by commissioner: March 1, 2.


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

322

REPORT OF THE

[Pub. Doc

IP S W IC H S A V IN G S B A N K — IP S W IC H .

Incorporated March 20, 1869.
Ch a r l e s A . S a y w a r d , President.
D a n ie l S a e f o r d , Treasurer.
D a n ie l S a e f o r d , Clerk o f the Corporation.

Names of committee charged with the investment of its funds :
T heo do re F. C o g sw e l l ,
C h a r l e s A. S a y w a r d ,
T homas H . L o r d ,
J o hn A . B l a k e ,
G eorge H . G r e e n .

Open for business every business day, 8.30 a . m . to 12.30 p . m . ; also Saturdays, 3 to 5 p .m .

B a l a n c e S h e e t O c t . 31, 1905.

A ssets.

Public funds, as per schedule, .
Bank stock, as per schedule,
Itailroad bonds, as per schedule,
Real estate by foreclosure, etc.,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
( n o t e s ) , ...................................
Deposits in banks, on interest, .
Cash on hand.................................

L ia b il it ie s .

$110,500
41,580
211,482
4,573
392,903
12,900

00
00
50
87
47
00

$808,792 40
33,000 00
8,666 79
4,259 63

32,200 00
44,237 77
4,341 21
$854,718 82

Cash on Deposit in Banks, amount in each : —
Fourth National Bank, Boston, .
First National Bank, Ipswich, .
.
Merchants National Bank, Salem,
Salem Safe Deposit and Trust Company, Salem,


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

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

$854,718 82

$1,271
10,408
16,318
16,239

05
92
16
64

No. 8.]

SAYINGS BANK COMMISSIONERS

323

Ip s w ic h S av in g s B a n k — Continued.
Detailed Statement o f Public Funds.
Par Value.

City of Barre, Vt., 3£s,
of Boston, Mass., 4s,
of Central Falls, R. I., 4s,
of Dubuque, Iowa, 3^s, .
of Holyoke, Mass., 3£s, .
of Lewiston, Me., 5s,
of Lynn, Mass., 4s, .
of Milwaukee, Wis., 3 Js,.
of Salem, Mass., 4 s ,.
of Springfield, Ohio, 4s, .
of Youngstown, Ohio, 4£s,
Town of Dedham, Mass., 34s, .
of Peabody, Mass., 34s,.
of W atertown, Mass., 4s,
of Westbrook, Me., 4s, .

$10,000
10,000
3,000
5,000
10,000
2,000
5,000
10,000
8,000
10,000
8,000
15,000
7,000
6,500
1,000

Estimated
Market Value.

$10,000
10,600
3,030
4,925
10,000
2,040
5,112
10,000
8,480
10,450
8,562
15,000
7,000
6,760
1,000

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

Amount Invested

$10,000
10,000
3,000
5,000
10,000
2,000
5,000
10,000
8,000
10,000
8,000
15,000
7,000
6,500
1,000

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

$110,500 $112,960 00 $ L10,500 00

Ko. of
Shares.

Detailed Statement o f B ank Stocks.

12
36
4
25
24
40
4
5
15
26
8
12
43
19
122
13
13
14
50

Par Value.

Freemans N at’l Bank, Boston,
Merchants N at’l Bank, Boston,
N’l B’k of Commerce, Boston,
N ’l B’k of the Republic, Boston,
National Union Bank, Boston,
New England N’l B’k, Boston,
Second N at’l Bank, Boston,
Trem ont N at’l Bank, Boston, .
Gloucester N ’l B’k, Gloucester,
First National Bank, Ipswich,
N’l Grand Bank, M arblehead,.
Asiatic National Bank, Salem,
F irst National Bank, Salem, .
Mercantile Nat’l Bank, Salem,
Merchants Nat’l Bank, Salem,
N at’l Exchange Bank, Salem,
Naumkeag N at’l Bank, Salem,
Salem National Bank, Salem, .
Salem Safe Deposit and Trust
Company, S alem ,.


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

$1,200
3,600
400
2,500
2,400
4,000
400
175
1,500
2,600
800
1,200
2,150
1,900
6,100
455
1,300
1,400

Estimated
Market Value.

$1,248
7,272
608
4,050
4,320
5,520
852

00
00
00
00
00
00
00

2,100
2,600
880
1,260
1,505
1,919
9,150
65
1,950
1,120

00
00
00
00
00
00
00
00
00
00

_

Amount Invested.

$1,200
3,600
400
2,500
2,400
4,000
400
175
1,500
2,600
800
1,200
2,150
1,900
6,100
455
1,300
1,400

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

5,000

7,500 00

7,500 00

$39,080

$53,919 00

$41,580 00

324

REPORT OF THE

[Pub. Doc

Ip s w ic h S a v in g s B a n k — Continued.
Detailed Statement o f Railroad Bonds.
Par Value.

Bennington & Rutland R.R. 44s,
Boyer Valley R.R. 34s, .
Chic., Burlington & Quincy R.R. 34s,
Concord & Montreal R.R. 4s, .
Illinois Central R.R. 3s, .
Illinois Central R.R. 3 4 s,.
Maine Central R.R. 44s, .
Minnesota & Iowa R.R. 34s, .
New York, New Haven & Hartford
R.R. 4s, .
Old Colony R.R. 4 s ,.
Peoria & Northwestern R.R. 8¿s, .
Portland & Ogdensburg R.R. 5s,

Estimated
Market Value.

Amount Invested.

$10,000
5,000
46,000
15,000
21,000
30,000
25,000
5,000

$10,600
4,850
43,930
15,600
17,745
28,350
26,125
4,850

00
00
00
00
00
00
00
00

$10,000
5,000
44,557
15,000
18,825
30,000
25,000
5,000

00
00
50
00
00
00
00
00

20,000
20,000
18,000
1,000

20,400
21,600
17,460
1,030

00
00
00
00

20,000
20,000
17,100
1,000

00
00
00
00

$216,000 $212,540 00 $211,482 50

Total Am ount o f Loans, with Each Specified Rate o f Interest.
Amount.

$16,727
7,510
10,000
10,000

Bate.

08
69
00
00

2
24

per cent.

3

34

“

“
«

Amount.

$1,000 00
33,700 00
400 00

Rate.

Amount.

3f per cent.
4
“
4è

$198,490 00
30,523 33
173,890 14

Rate.

5 per cent.
54

6

“
»

Value, by books, of real estate, held or owned by foreclosure or otherwise,
$4,573 87
Assessed value of the s a m e ,...............................................................................
5,900 00
Number of loans which are of an amount not exceeding $3,000 each, 368
Aggregate amount of the s a m e , ......................................................................
278,502 64
Total number of loans upon real estate.....................................................378
Amount of investments from which no income is recei ved, . . . .
2,329 00
Gross amount of interest or profits received, as per books, during year
ending Oct. 31, 1 9 0 5 ,.......................................................................................
36,468 19
Times when dividends are payable, as fixed by the by-laws: fourth
Wednesday of January and July. Deposits commence to draw in­
terest: fourth Wednesday of January, April, July and October.
Rate and amount of each semi-annual dividend f 1 | per cent., $13,232 25 1
26,802 49
during the year ending Oct. 31, 1905,
.
I 1| per cent.,
13,570 24 J
Number of accounts opened during the year ending Oct. 31, 1905, . 379
Number of accounts closed during the year ending Oct. 31, 1905,
. 264
Total number of open accounts Oct. 31, 1905,
. . . .
2,873


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

No. 8.]

SAYINGS BANK COMMISSIONERS.

325

I p s w ic h S a v in g s B a n k — Concluded.
Total expenses of the corporation for the year ending Oct. 31, 1905 (ex­
clusive of taxes),
........................................................................................$2,892 72
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 5 ,.......................................................................................
143,816 15
Number of same....................................................................................2,355
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1905.........................................................................................................
147,189 82
Number of s a m e , ...............................................................................1,637
Date of examination by commissioner : February 27.


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

326

REPORT OF THE

[Pub. Doc

L A W R E N C E S A V IN G S B A N K - L A W R E N C E .

Incorporated March 10, 1868.
R obert H. T e w k s b u r y , President.

L e w is A. F o y e , Treasurer.

L e w is A. F o ye , Clerk o f the Corporation.

Names of committee charged with the investment of its funds:
R obert H . T e w k s b u r y ,
W il l ia m T. M e A l p in e ,
L e w is G. H olt ,
A l v in E . M ack ,
J am e s I. M il l i k e n .

Open for business every business day, 9 a .m . to 1 p . m . ; also Saturdays,
2 to 4 p .m . ; 7 to 8 p .m .

B a la n c e S h e e t O c t . 31, 1905.

A ssets.

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

L ia b il it ie s .

$355,000
21,425
12,325
457,375

00
00
00
00

33,000 00
2,178,583 50
284,076 00
7,500
1,145
92,832
2,648
4,193

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

$3,281,321 44
84,000 00
64.391 45
20.391 52

00
00
85
56
50

$3,450,104 41

$3,450,104 41

Cash on Deposit in Banks, amount in each : —
Merchants National Bank, B o s t o n , ............................................................. $83,519 86
Arlington National Bank, Lawrence,.............................................................
9,312 99


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Federal Reserve Bank of St. Louis

No. 8.]

SAYINGS BANK COMMISSIONERS

327

L a w r en ce S a v in g s B a n k — Continued.
Loans on Bank Stock, amount on each: —
4 shares Monument National Bank, Boston, .
10 shares Lawrence National Bank, Lawrence,
21 shares Bay State National Bank, Lawrence,
60 shares National Bank of Methuen, Methuen,
105 shares Arlington National Bank, Lawrence,

$900 00
5,000 00
6,425 00

Detailed Statement o f Public Funds.
Par Value.

Massachusetts 3£s, . . . .
County of Aroostook, Me., 4£s,
of Rockingham, N. Ii., 4s, .
City of Akron, Ohio, 5s, .
of Belfast, Me., 4s, .
of Boston, Mass., 3£s,
of Boston, Mass., 4s,
of Bridgeport, Conn., 4s, .
of Chicago, 111., 4s, .
of Concord, N. II., 4s,
of Dover, N. H., 4s, .
of Fall River, Mass., 3£s,
of Fort Wayne, Ind., 3£s,
of Grand Rapids, Mich., 4£s, .
of Keene, N. H., 4s, .
of Lawrence, Mass., 4s, .
of Medford, Mass., 4s,
of Minneapolis, Minn., 4£s,
of Nashua, N. H., 4s,
of New Britain, Conn., 4s,
of Newburyport, Mass., 3£s, .
of New London, Conn., 4s,
of Portsmouth, N. H., 4s,
of Quincy, Mass , 4s,
of Rockford, 111., 4Js,
of Rutland, Yt., 4s, .
of Somersworth, N. Ii., 4s,
of Terre Haute, Ind., 4s, .
of W altham , Mass., 4s, .
of W oburn, Mass., 4s,
Town of Attleborough, Mass., 3 £ s,.
of Beverly, Mass., 4s, .
of Danvers, Mass , 4s, .
of North Andover, Mass., 4 s ,.
of Stoneham, M ass, 4s,
of Wakefield, Mass., 4s,


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

$5,000
20,000
3,000
2,000
15,000
20,000
11,000
5,000
16,000
5,000
2,000
15,000
20,000
6,000
10,000
15,000
7,000
10,000
5,000
10,000
25,000
5,000
20,000
5,000
7,000
5,000
10,000
20,000
1,000
12,000
10,000
9,000
3,000
16,000
2,000
3,000

Estimated
Market Value.

$5,250
21,000
3,150
2,000
15,700
20,100
11,350
5,275
16,300
5,300
2,025
15,075
20,100
6,200
10,425
15,900
7,500
10,650
5,200
10,700
25,250
5,350
20,300
5,250
7,100
5,200
10,075
20,900
1,070
12,085
10,150
9,450
3,120
16,350
2,125
3,025

00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
CO
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

Amount Invested.

$5,000
20,000
3,000
2,000
15,000
20,000
11,000
5,000
16,000
5,000
2,000
15,000
20,000
6,000
10,000
15,000
7,000
10,000
5,000
10,000
25,000
5,000
20,000
5,000
7,000
5,000
10,000
20,000
1,000
12,000
10,000
9,000
3,000
16,000
2,000
3,000

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

$355,000 $366,000 00 $355,000 00

328

REPORT OF THE

[Pub. Doc.

L a w r en ce S a v in g s B a n k — Continued.

Ko. of
Shares.

Detailed Statement o f B ank Stocks.
Par Value.

16 First W ard N’l Bank, Boston,
20 Fourth N at’l Bank, Boston,
20 Merchants N at’l B’k, Boston, .
20 N ’l Bank of Commerce, Boston,
10 N at’l Shawmut Bank, B oston,.
75 State National Bank, Boston, .
22 W ebster and Atlas National
Bank, Boston,
15 Bay State N’l Bank, Lawrence,
20 Lawrence N ’l Bank, Lawrence,

$1,600
2,000
2,000
2,000
1,000
7,500

Estimated
Market Value.

$2,800
2,780
4,040
3,040
2,600
11,325

00
Q0
00
00
00
00

Amount Invested.

$1,600
2,000
2,000
2,000
1,000
7,500

00
00
00
00
00
00

2,200
1,125
2,000

3,124 00
1,725 00
2,300 00

2,200 00
1,125 00
2,000 00

$21,425

$33,734 00

$21,425 00

Detailed Statement o f Railroad Bonds.
Par Value.

Boston & Albany R.R 3£s,
Boston & Lowell R.R. 4s,
Boston & Maine R.R. 3is,
Boston & Maine R.R. 4s, .
Boston & Maine R.R. 4£s,
Boston, W inthrop & Shore R.R. 5s,
Chic., Burlington & Quincy R.R. 3£s,
Chic., Burlington & Quincy R.R. 4s,
Cleveland & Pittsburgh R.R, 3£s, .
Concord & Montreal R.R. 4s, .
Connecticut River R.R. 3is,
Erie & Pittsburgh R.R. 3^s,
Fitchburg R R. 3£s, .
Fitchburg R.R. 4s, .
Illinois Centrai R.R. 3s, .
Maine Central R.R. 4s,
Maine Central and European &
North American R.R. 4s,
New York, New Haven & Hartford
R.R. S i s , ....................................
Peoria & Northwestern R.R. 3is, .
Portland & Ogdensburg R.R. 3£s, .
Portsmouth, G reat Falls & Conway
R.R. 4£s.............................................
Princeton & Northwestern R.R. 3£s,


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

$15,000
45,000
20,000
30,000
25,000
15,000
40,000
10,000
26,000
10,000
15,000
10,000
10,000
5,000
70,000
10,000

Estimated
Market Value.

$15,150
45,225
20,000
30,750
29,375
15,050
38,500
10,550
26,000
10,400
15,000
10,000
10,000
5,150
59,250
10,125

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

Amount Invested.

$15,000
45,000
20,000
30,000
25,000
15,000
38,500
10,000
25,950
10,000
15,000
10,000
10,000
5,000
61,250
10,000

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

5,000

5,350 00

5,000 00

25,000
25,000
35,000

24,075 00
24,250 00
35,000 00

23,812 50
24,137 50
34,925 00.

5,000
20,000

5,850 00
19,400 00

5,000 00
18,800 00

$471,000

$464,450 00 $457,375 00

No. 8.]

329

SAYINGS BANK COMMISSIONERS.
L a w r en ce S a v in g s B a n k — Concluded.

Total Am ount o f Loans, with Each Specified Bate o f Interest.
Kate.

Amount.

$92,832
2,500
278,600
25,000

85
00
00
00

2 per cent.
3è
“
4
“
41
“

Amount.

$50,000 00
307,400 00
50,600 00

Kate.

Amount.

Rate.

4^ per cent.
4h
“
4i
“

$1,661,179 50
13,230 00
95,120 00

5 per cent.
5k
“
6
“

Amount invested in real estate for banking purposes,...................................
Estimated value of the sam e,..............................................................................
Assessed value of the same, .
.
..............................................................
Net income received from same during year ending Oct. 31, 1905,
Number of loans which are of an amount not exceeding $3,000 each, 435
Aggregate amount of the s a m e , ......................................................................
Total number of loans upon real estate..................................................... 617
Gross amount of interest or profits received, as per books, during year
ending Oct. 31, 1 9 0 5 ,.......................................................................................
Times when dividends are payable, as fixed by the by-laws: first day of
January and July. Deposits commence to draw interest: first day of
January, April, July and October.
Rate and amount of each semi-annual dividend f 2 per cent., $54,756 09 J
during the year ending Oct. 31, 1905,
.
I 2 per cent., 57,778 47 f
Number of accounts opened during the year ending Oct. 31, 1905,
2,057
Number of accounts closed during the year ending Oct. 31, 1905,
1,316
Total number of open accounts Oct. 31, 1905,
. . . .
7,845
Total expenses of the corporation for the year ending Oct. 31, 1905 (ex­
clusive of taxes),
.......................................................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 3 1 ,1 9 0 5 ,.......................................................................................
Number of same....................................................................................14,320
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1905.........................................................................................................
Number of s a m e , ............................................................................... 6,716
Date of examination by commissioner: April 27.


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

$33,000
40.000
28.000
552

00
00
00
40

658,363 00

144,505 16

112,534 56

6,110 77
933,499 98

658,183 48

330

REPORT OF THE

[Pub. Doc.

L E E S A V IN G S B A N K — L E E .
Incorporated March 5, 1852.
G eorge K . B a ir d , President.
E d w a r d S. R o g ers , Treasurer.
J ohn L. K il b o n , Clerk o f the Corporation.

Names of committee charged with the investment of its funds :
C. C. H olcom be ,
D e W itt S. S m it h ,
G eorge K . B a i r d .

Open for business every business day except Saturdays, 9 a .m . to 3 p .m .; Saturdays,
9 a .m . to 12.30 P.M.
B a la n c e S h e e t O ct . 31, 1905.

A ssets.

Public funds, as per schedule, .
Bank stock, as per schedule,
Loans on bank stock,.
Railroad bonds, as per schedule,
Street railway bonds, as per
schedule,...................................
Boston Terminal Co. bonds,
Real estate (for banking pur­
poses)..........................................
Real estate by foreclosure, etc.,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
( n o t e s ) , ...................................
Loans on depositors’ books,
Deposits in banks, on interest, .
Deposits in banks, not on interest,
Cash on hand, . . . .

L ia b il it ie s .

$18,274
128,700
5,200
314,357

00
00
00
50

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

$1,080,299 28
52,500 00
40,323 69

44,850 00
65,750 00
15,386
5,052
328,470
202,554

32
58
28
44

6,400
175
30,472
5.141
2,339

00
00
26
31
28

$1,173,122 97

$1,173,122 97

Cash on Deposit in Banks, amount in each : —
First National Bank, B o s t o n , ............................................
Lee National Bank, L e e , ....................................................
Pynchon National Bank, Springfield (in liquidation),
Springfield National Bank, Springfield..................................
Springfield Safe Deposit and Trust Company, Springfield,
Berkshire Loan and Trust Company, Pittsfield,.

$6,146
7,155
141
5,723
8,685
7,760

Loans on Bank Stock, amount on each : —
38 shares First National Bank, Adams,
.
.
.
.
10 shares Lee National Bank, L e e , ...................................
10 shares Lee National Bank, L e e , ...................................

$3,200 00
1,000 00
1,000 00


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Federal Reserve Bank of St. Louis

91
62
31
65
54
54

No. 8.]

SAVINGS BANK COMMISSIONERS

331

L e e S a v in g s B a n k — Continued.
Detailed Statement o f Public Funds.
Par Value.

Massachusetts 3;|s, . . . .
City of Chicago, 111., 4s, .
of Dubuque, Iowa, 4£s, .

Estimated
Market Value.

Amount Invested.

$5,000
10,000
3,000

$5,250 00
10,300 00
3,285 00

$5,000 00
10,000 00
3,274 00

$18,000

$18,835 00

$18,274 00

Xo. of
Shares.

Detailed Statement o f B ank Stocks.

40 First National Bank, Adams, .
40 F irst National Bank, Amherst,
10 Atlantic N at’l Bank, Boston, .
30 Continental N ’l Bank, Boston,
25 F irst National Bank, Boston, .
60 N ’l B’k of Commerce, Boston,
30 N ’l B’k of the Republic, Boston,
30 Second Nat’l Bank, Boston,
40 State National Bank, Boston, .
40 W ebster and Atlas N at’l Bank,
Boston,....................................
30 City N’l Bank, Bridgeport, Ct.,
40 Birmingham National Bank,
Derby, Ct., . . . .
20 National Mahaiwe Bank, Great
Barrington, . . . .
100 Lee National Bank, L ee ,.
70 North Adams National Bank,
North Adams,
20 Agricultural N’l B’k, Pittsfield,
90 Pittsfield Nat’l Bank, Pittsfield,
50 Chapin N at’l B’k, Springfield,
72 Chicopee N’l B’k, Springfield,
45 F irst N at’l Bank, Springfield, .
30 Second N at’l Bank, Springfield,
50 Springfield N’l B’k, Springfield,
51 Third N at’l Bank, Springfield,
75 Ilousatonic National Bank,
St ockbr i dge, . . . .


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

Par Value.

$4,000
4,000
1,000

Estimated
Market Value.

00
00
00
00
00
00
00
00
00

$5,000 00
5,000 00
1,000 00

4,000
3,000

5,680 00
4,500 00

4,800 00
3,000 00

4,000

6,800 00

4,000 00

2,000
10,000

2,800 00
16,500 00

2,500 00
10,000 00

7,000
2,000
9,000
5,000
7,200
4,500
3,000
5,000
5,100

■ 8,050
5,100
14,400
6,000
10,800
5,175
4,050
9,500
10,710

7,000
4,500
11,000
6,000
10,000
4,500
3,000
6,200
10,000

7,500

12,000 00

-

2,500
6,000
3,000
3,000
4,000

$4,800
6,400
1,350
150
6,875
9,120
4,860
6,390
6,040

Amount Invested

00
00
00
00
00
00
00
00
00

-

5,000
6,000
3,000
5,000
4,200

00
00
00
00
00

00
00
00
00
00
00
00
00
00

8,000 00

$105,800 $168,050 00 $128,700 00

332

[Pub. Doc

REPORT OF THE
L e e S a v in g s B a n k — Continued.
Detailed Statement o f Street Railw ay Bonds.
Tar Value.

Holyoke Street Railway Co. 5s,
Hoosac Valley Street Railway Co. 4s,
Lowell, Lawrence & Haverhill Street
Railway Co. 5s,
Lynn & Boston Railroad Co. 5s,
W est End Street Railway Co. 4s,

Estimated
Market Value.

Amount Invested.

$5,000
15,000

$5,700 00
15,225 00

$5,000 00
14,850 00

5,000
10,000
10,000

5,550 00
11,100 00
10,600 00

5,000 00*
10,000 00*
10,000 00

$45,000

$48,175 00

$44,850 00

* Legal investm ents when made.

Detailed Statement o f Railroad Bonds.
Par Value.

Boston & Albany R.R. 3¿s,
Boston & Lowell R.R. 4s,
Chic., Burlington & Quincy R.R. 3¿s,
Chic., Burlington & Quincy R.R. 4s,
Concord & Montreal R.R. 4s, .
Fitchburg R.R. 3ès, . . . .
Fitchburg R.R. 4s, .
Illinois Central R.R. 3ès, .
Illinois Central R.R. 4s, .
Milwaukee, Lake Shore & W estern
R R. 5 s ,.............................................
New York, Lackawanna & W estern
R.R. 6 s ,.............................................
New York, New Haven & H artford
R.R. 3ès,
.
.
.
.
.
New York, New Haven & H artford
R.R. 4 s ,.............................................
Old Colony R.R. 4 s ,.
Sioux City & Pacific R.R. 3 ¿ s,.
W estern Pennsylvania R.R. 4s,

$10,000
25,000
20,000
25,000
20,000
10,000
5,000
50,000
25,000

Estimated
Market Value.

$10,000
25,500
19,100
26,375
20,800
9,900
5,275
47,000
26,750

00
00
00
00
00
00
00
00
00

Amount Invested.

$10,000
25,000
20,000
25,000
20,000
10,000
5,000
48,887
25,000

00
00
00
00
00
00
00
50
00

15,000

18,000 00

15,000 00

10,000

12,700 00

10,000 00

10,000

9,575 00

10,000 00

40,000
25,000
10,000
15,000

42,450
26,875
9,700
15,675

00
00
00
00

40,800
25,000
9,670
15,000

00
00
00
00

$315,000 $325,675 00 $314,357 50

Boston Terminal Company Bonds.
Par Value.

Boston Terminal Company 3ès,

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

$60,000

Estimated
Market Value.

Amount Invested.

$66,600 00

$65,750 00

No. 8.]

333

SAYINGS BANK COMMISSIONERS.
L e e S a v in g s B a n k — Concluded.

Total Am ount o f Loans, with Each Specified Rate o f Interest.
Amount.

$2,155
6,146
14,409
7,760

62
91
19
54

Rate.

Amount.

2 per cent.
2è
“
3
“
3è
“

$21,639
40.000
41.000
60.000

44
00
00
00

Rate.

Amount.

4 per cent.
4f
“
4*
“
4f

$342,337 00
37,823 28

Rate.

5 per cent.
6

Amount invested in real estate for banking purposes,................................... $15,386 32
Estimated value of the s a m e , ......................................................................
15,386
Assessed value of the s a m e ,...............................................................................
7,500
Value, by books, of other real estate held or owned by foreclosure or
o th e r w is e ,.........................................................................................................
5,052
Assessed value of the s a m e ,...............................................................................
5,100
Net income received from same during the year ending Oct. 31, 1905,
.
359
Number of loans which are of an amount not exceeding $3,000 each, 208
Aggregate amount of the same................................ ...........................................
217,875
Total number of loans upon real e s t a t e , ............................................214
Gross amount of interest or profits received, as per books, during year
ending Oct. 31, 1 9 0 5 ,.......................................................................................
53,110
Times when dividends are payable, as fixed by the by-laws : first day of
June and December. Deposits commence to draw interest: first day
of March, June, September and December.
Rate and amount of each semi-annual dividend | If per cent., $16,863 46 1 ^ 273
during the year ending Oct. 31, 1905,
.
I If per cent.,
17,415 48 1
’
Number of accounts opened during the year ending Oct. 31, 1905, . 425
Number of accounts closed during the year ending Oct. 31, 1905,
. 346
Total number of open accounts Oct. 31, 1905,
. . . .
2,922
Total expenses of the corporation for the year ending Oct. 31, 1905 (ex­
clusive of taxes),
.......................................................................................
3,882
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 5 ,.......................................................................................
204,310
Number of s a m e , ...............................................................................2,539
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 9 0 5 , ................................................................................................
169,361
Number of s a m e , .................................................... ........
1,849
Date of examination by commissioner : May 17.


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

32
00
58
00
94
28

68

94.

22
83

32

REPOET OF THE

334

[Pub. Doc

L E IC E S T E R S A V IN G S B A N K — L E IC E S T E R .

Incorporated April 17, 1869.
J u l iu s 0 . M u r d o c k , President.
P a r k m a n T. D e n n y , Treasurer.
P ar k m a n T. D e n n y , Clerk o f the Corporation.

Names of committee charged with the investment of its funds:
T heo do re E. W oodcock ,
A lonzo B. D a v id so n ,
E ver ett Ca r l eto n ,
C h a n n in g S m it h ,
Ch a r l e s A . D e n n y ,
J u l iu s 0 . M u r do ck ,
J am es J. K n ig h t .

Open for business every business day except Saturdays, 9 a .m . to 1 p . m . ; 2 to 4
Saturdays, 9 a . m . to 1 p .m .

B a la n c e S h e e t O c t .

A ssets.

Public funds, as per schedule, .
Loan on public funds,
Bank stock, as per schedule,
Railroad bonds, as per schedule,
Street railway bonds, as per
schedule,...................................
Loan on railroad stock,
Real estate (for banking purp o s e s ) , ...................................
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
( n o t e s ) , ...................................
Deposit in bank, on interest,
Expense account,
Cash on hand, . . . .


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

;

31, 1905.

L ia b il it ie s .

$193,400
750
10,335
169,975

00
00
00
00

Deposits, .
Guaranty fund,
Interest account,

$696,331 89
35,374 03
17,483 90

20,000 00
6,000 00
7,500 00
244,272 18
50,636 94
25,000
13,967
1,037
6,315

00
18
57
95

$749,189 82

Cash on Deposit in Bank : —
State National Bank, Boston,

p .m .

$749,189 82

$13,967 18

No. 8.]

SAYINGS BANK COMMISSIONERS.

335

L e i c e s te r S a v in g s B a n k — Continued.
Loan on Public Funds : —
$1,000 City of Springfield, Mass., 4s.................................................................

$750 00

Loan on Railroad Stock : —
32 shares Boston & Albany R . R . , ............................................................. $6,000 00

Detailed Statement o f Public Funds.
Par Value.

City of Bay City, Mich., 4s,
of Columbus, Ohio, 4s, .
of Kansas City, Mo., 4^s,.
of Lowell, Mass , 4s,
of Lynn, Mass., 4s, .
of Middletown, Conn., 3£s,
of New Britain, Conn., 4s,
of Saginaw, Mich., 3£s, .
of Saginaw, Mich., 4s,
of W altham, Mass., 4s, .
Town of Braintree, Mass., 4s, .
of Clinton, Mass., 4s,
of Great Barrington, Mass., 4s,
of Holbrook, Mass., 4s, .
of Leicester, Mass., 4s, .
of North Attleboro’, Mass., 4s,
of Orange, Mass., 4s,
of Randolph, Mass., 4 s ,.
of Spencer, Mass., 4s, .
of Westborough, Mass., 3£s, .

$10,000
10,000
8,000
10,000
9,000
15,000
5,000
7,400
10,000
12,000
5,000
1,000
5,000
10,000
9,000
5,000
18,000
24,000
5,000
10,000
$193,400

Estimated
Market Value.

$15,300
10,125
8,640
10,262
9,555
15,000
5,250
7,335
10,300
12,300
5,287
. 1,050
5,318
10,450
9,330
5,325
18,517
25,080
5,175
10,050

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

Amount Invested.

$15,000
10,000
8,000
10,000
9,000
15,000
5,000
7,400
10,000
12,000
5,000
1,000
5,000
10,000
9,000
5,000
18,000
24,000
5,000
10,000

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

$199,651 50 $193,400 00

* Legal investments when made.

No. of
Shares.

Detailed Statement o f Bank Stocks.
Par Value.

Estimated
Market Value.

Amount Invested.

10

Commonwealth T rust Com­
pany, Boston,
10 Continental N ’l Bank, Boston,
54 State National Bank, Boston, .
15 W ebster and Atlas National
Bank, Boston,
92 Leicester N ’l Bank, Leicester,
6 M illbury N ’l Bank, Millbury,


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

$1,000

$1,500 00

5,400

$1,750 00
50 00
8,154 00

1,500
460
600

2,130 00
460 00
600 00

1,700 00
460 00
600 00

$8,960

$13,144 00

$10,335 00

_

_

6,075 00

336

REPORT OF THE

[Pub. Doc

L e ic e s te r S a v in g s B a n k — Continued.
Detailed Statement o f Street Railw ay Bonds.
Par Value.

Springfield Street Railway Co. 4s, .
W est End Street Railway Co. 4s, .

Estimated
Market Value.

Amount Invested.

$5,000
15,000

$5,125 00
15,725 00

$5,000 00
15,000 00

$20,000

$20,850 00

$20,000 00

Detailed Statement o f Railroad Bonds.
Par Value.

Albany & Susquehanna R.R. 6s,
Bangor & Aroostook R.R. 5s, .
Boston & Lowell R.R. 4s,
Boston & Maine R.R. 4s, .
Boston & Providence R.R. 4s, .
Boyer Valley R.R. 3ès,
Chic., Burlington & Quincy R.R. 3£s,
Chic., Burlington & Quincy R.R. 4s,
Cleveland & Pittsburgh R.R. 3ès, .
Eastern R.R. 6s,
. . . .
Erie & Pittsburgh R.R. 3is,
Illinois Central R.R. 3s, .
Illinois Central R.R. 3£s,.
Maine Central R.R. 4s,
New York, New Haven & Hartford
R.R. Sis,
....................................
New York, New Haven & H artford
R.R. 4s................................................
Old Colony R.R. 4s, . . . .
Upper Coos R.R, 4s,
. . .

Estimated
Market Value.

Amount Invested.

$5,000
10,000
5,000
20,000
5,000
15,000
20,000
5,000
11,000
3,000
3,000
5,000
30,000
4,000

$5,037
12,200
5,018
21,300
5,200
14,587
19,100
5,337
10,835
3,052
2,962
4,150
28,350
4,070

15,000

14,475 00

15,000 00

5,000
5,000
5,000

5,300 00
5,375 00
5,100 00

5,000 00
5,000 00
5,000 00

$171,000

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

$5,000
10,000
5,000
20,000
5,000
15,000
20,000
5,000
11,000
3,000
3,000
4,525
29,450
4,000

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

$171,451 25 $169,975 00

Total Amount o f Loans, with Each Specified Rate o f Interest.
Amount.
$13,967
2,500
10,736
30,450

Rate.

18
00
94
00

2i per cent.
4
“
3f
“
4
“


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

Amount.
$10,000 00
25,850 00
5,000 00

Rate.

Amount.

Rate.

44 per cent.
\\
4|
“

$212,002 36
1,800 00
28,319 82

5 per cent.
5è
“
6

No. 8.]

SAYINGS BANK COMMISSIONERS.

337

L e ic e s te r S a v in g s B a n k — Concluded.
Amount invested in real estate for banking purposes,................................... $7,500 00
Estimated value of the s a m e , ......................................................................
9,000
Assessed value of the s a m e ,...............................................................................
5,500
Number of loans which are of an amount not exceeding $3,000 each, 209
Aggregate amount of the s a m e , ......................................................................
214,102
Total number of loans upon real e s t a t e , ............................................231
Gross amount of interest or profits received, as per books, during year
ending Oct. 31, 1 9 0 5 ,.......................................................................................
31,683
Times when dividends are payable, as fixed by the by-laws: second day
of June and December. Deposits commence to draw interest: first day
of March, June, September and December.
Rate and amount of each semi-annual dividend 1 1| per cent., $11,541 60 )
during the year ending Oct. 31, 1905,
.
( If per cent., 11,667 39 J
’
Number of accounts opened during the year ending Oct. 31,1905,
. I ll
Number of accounts closed during the year ending Oct. 31, 1905,
. 107
Total number of open accounts Oct. 31, 1905,
. . . .
1,429
Total expenses of the corporation for the year ending Oct. 31, 1905 (ex­
clusive of taxes),
....................................................................................... 2,301 14
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 5 ,.......................................................................................
77,434
Number of s a m e , ....................................................................................... 586
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 9 0 5 , ................................................................................................
80,822
Number of s a m e , ........................................................................................773
Date of examination by commissioner: March 24.


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

00
00
36

74

gg

23

82

338

REPORT OF THE

[Pub. Doc.

L E N O X S A V IN G S B A N K — L E N O X .

Incorporated April 4, 1890.
W il l ia m D. Cu r t is , President.
H a r r y E. K e n d a l l , Treasurer.
M u r r a y A. B r o w n , Clerk o f the Corporation.

Names of committee charged with the investment of its funds:
H e n r y A. B e l d e n ,
W il l ia m D. C u r t is .

T homas P ost ,
H e n r y S e d g w ic k ,

Open for business every business day except Saturdays, 9 a .m . to 12.30
1.30 to 3 p .m . ; Saturdays, 9 a . m . to 12 m .

B a la n c e S h e e t O c t . 3 1

A ssets.

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

;

, 1905.
L ia b il it ie s .

$46,419
111,470
244,590
12,300

00
00
00
00

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

44,000 00

$448,219 18
8,497 56
4,441 67
2,397 22

1,200 00

2.031
749
479
316

31
25
60
47

$463,555 63

Cash on Deposit in Banks, amount in each : —
Lenox National Bank, L e n o x , ......................................................................
Springfield National Bank, S p r in g fie ld ,.....................................................


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

p .m .

$463,555 63

$749 25
2,031 31

No. 8.]

SAVINGS BANK COMMISSIONERS.

339

L e n o x S av in g s B an k — Continued.

No. of
Shares.

D e ta ile d S ta te m e n t o f B a n k S tocks.

Par Value.

Lee National Bank, L e e ,.
Lenox National Bank, Lenox,.
Palmer Nat’l Bank, Palmer, .
A gricultural N’l B’k, Pittsfield,
Pittsfield N’l Bank, Pittsfield, .
Chapin Nat’l B’k, Springfield,
Chicopee N ’l B’k, Springfield,
City Nat’l Bank, Springfield, .
John Hancock National Bank,
Springfield, .
10 Second N ’l Bank, Springfield,.
25 Springfield N’l B’k,Springfield,
25 Springfield Safe Deposit and
T rust Co., Springfield,.
24 Third N at’l Bank, Springfield,
12 Housatonic Nat’l Bank, Stockbridge, .
.
.
.
.
10 Mechanics N ’l B’k, W orcester,

25
75
15
20
19
10
14
10
15

$2,500
7,500
1,500
2,000
1,900
1,000
1,400
1,000

Estimated
Market Value.

$4,125
12,000
1,500
5,100
3,040
1,200
2,100
1,450

00
00
00
00
00
00
00
00

Amount Invested.

$4,125
10,345
1,500
5,005
2.980
1,200
2,100
1,400

00
00
00
00
00
00
00
00

1,500
1,000
2,500

1,725 00
1,350 00
4,750 00

1,650 00
1,300 00
3,500 00

2,500
2,400

4,375 00
5,040 00

3,750 00
4,800 00

1,200
1,000

1,920 00
1,080 00

1,764 00
1,000 00

$30,900

$50,755 00

$46,419 00

D e ta ile d S ta te m e n t o f R a ilr o a d B o n d s.

Par Value.

Bangor & Aroostook R.R. 5s, .
Chic., Bui’lington & Quincy R.R. 3¿s,
Chic., Burlington & Quincy R.R. 4s,
Illinois Central R.R. 3 ¿s,.
New York, New Haven & H artford
R.R 3¿s,
.
.
.
.
.
New York, New Haven & H artford
R.R. 4s, .............................................
W ashington County R.R. 3£s, .

$15,000
10,000
10,000
60,000

Estimated
Market Value.

$18,400
9,550
10,675
56,700

00
00
00
00

Amount Invested.

$18,000
10,000
10,000
58,500

00
00
00
00

5,000

4,825 00

4,850 00

5,000
5,600

5,350 00
4,775 00

5,420 00
4,700 00

$110,000 $110,275 00 $111,470 00
T o ta l A m o u n t o f L o a n s , w ith E a c h S p e c ifie d R a te o f I n te r e s t.

Rate.

Amount.

$2,031 31
13.000 00
15.000 00

3 per cent.
3* “
3|
“


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

Amount.

$16,000 00
5,000 00

Rate.

Amount.

4 per cent.
4¿ “

$225,895 00
27,195 00

Rate.

5 per cent.
6

“

340

R EPO RT OF TH E

[Pub. Doc.

L e n o x S avin gs B an k — Concluded.
Number of loans which are of an amount not exceeding $3,000 each, 50
$62,145 00
Aggregate amount of the s a m e , ......................................................................
Total number of loans upon real e s t a t e , ............................................ 71
Gross amount of interest or profits received, as per books, during year
ending Oct. 31, 1 9 0 5 ,.......................................................................................
18,097 72
Times when dividends are payable, as fixed by the by-laws : first Tuesday
of January and July. Deposits commence to draw interest: first day
of January, April, July and October.
Rate and amount of each semi-annual dividend f 1| per cent., $6,533 88 1 13,414 13
during the year ending Oct. 31, 1905,
.
( 1J per cent.,
6,880 25 )
Number of accounts opened during the year ending Oct. 31, 1905, . 249
Number of accounts closed during the year ending Oct. 31, 1905,
. 150
Total number of open accounts Oct. 31, 1905, . . . .
1,207
Total expenses of the corporation for the year ending Oct. 31, 1905 (ex­
1,408 75
clusive of taxes)..................................................................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 5 ,.......................................................................................
107,388 19
Number of s a m e , ...............................................................................1,618
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 9 0 5 , ................................................................................................
68,897 80
Number of s a m e , ....................................................................................... 773
Date of examination by commissioner: May 18.


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

No. 8.]

SAYINGS BANK COMMISSIONERS.

341

L E O M IN S T E R S A V IN G S B A N K — L E O M IN S T E R .
Incorporated March 16, 1865.
A r t h u r H . H a l l , President.
C h a r le s A . J o sl in , Treasurer.
C h a r l e s A . J o sl in , Clerk o f the Corporation.

Names of committee charged with the investment of its funds:
H a m ilto n M a yo ,
C le sso n K e n n e y ,
A rthur H . H a l l ,
D a v id C. N ic k e r so n ,
M ilton H. B o sw orth .

Open for business every business day except Saturdays, 9 a .m . to 3 e .m . ; Saturdays,
9 a . m . to 12 m .
B a la n c e S h e e t O c t . 31, 1905.

L ia b il it ie s .

A ssets.

Public funds, as per schedule, .
Bank stock, as per schedule,
Loans on bank stock,
Railroad bonds, as per schedule,
Street railway bonds, as per
schedule......................................
Loan on railroad stock,
Real estate (for banking pur­
poses), ...................................
Real estate by foreclosure, etc.,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
( n o t e s ) , ...................................
Loans on depositors’ books,
Deposits in banks, on interest, .
Furniture and fixtures,
Cash on hand, . . . .

$415,500
21,000
8,2'0
216,691

00
00
00
25

Deposits, .
Guaranty fund,
Interest account,
Rent account, .

$2,235,159
95,300
19,418
1,306

22
00
57
86

20,000 00
700 00
78,696
3,529
989,034
325,860

28
11
06
00

235,705
510
21,068
9,555
5,134

11
00
98
78
08

$2,351,184 65

$2,351,184 65

Cash on Deposit in Banks, amount in each : —
•
$364 61
Old Colony Trust Co , B o s t o n , .................................................... ........
Safety Fund National Bank, F itc h b u r g ,.................................................... 10,917 24
Leominster National Bank, L e o m in s te r ,....................................................
9,787 13
Loans on Bank Stock, amount on each : —
20 shares LeominsterNational Bank, L e o m in ste r ,............................................. $2,000
36 shares LeominsterNational Bank, L e o m in ste r ,...................................
2,700
10 shares LeominsterNational Bank, L e o m in ste r ,...................................
1,000
26 shares
Safety Fund National Bank, F itc h b u r g ,..............
2,000
5 shares LeominsterNational Bank, L e o m in ste r ,...................................
500
Loan on Railroad Stock : —
5 shares Boston & Albany R .R .,.


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

00
00
00
00
00

$700 00

342

REPO RT O F TH E

[Pub. Doc.

L e o m in ster S a v in g s B an k — Continued.
Detailed Statement o f Public Funds.
Par Value.

City of Brockton, Mass., 4s, .
of Chicago, 111., 4s, .
of Chicopee, Mass., 4s,
of Dubuque, Iowa, 4s,
of Everett, Mass., 4s,
of Gloucester, Mass , 4 s , .
of Holyoke, Mass , o^s, .
of Indianapolis, Ind , 3£s,
of Lowell, Mass,, 4s,
of Malden, Mass , 4s,
of Manchester, N. H., 4 s,.
of Marlborough, Mass., 4s,
of Newton, Mass., 4s,
of Quincy, Mass., 3£s,
of Quincy, Mass., 4s,
of Salem, Mass., 4 s,.
of Somerville, Mass,, 3^s,
of Somerville, Mass., 4s, .
of Troy, N. Y., 3*s, .
Town of Gardner, Mass., 4s, .
of Jaffrey, N. H , 8is, .
of Leominster, Mass., 3£s,
of Leominster, Mass., 4s,
of Merrimac, Mass., 4 s ,.
of Milton, Mass., 4s,
of Newmarket, N. H., 3£s,
of Peabody, Mass., 4s, .
of Reading, Mass., 4s, .
of Revere, Mass., 4s,
of Stoneham, Mass , 3£s,
of Wakefield, Mass., 4s,
of W atertown, Mass., 4s,

$8,0C0
25,000
8,500
23,000
2,000
5,000
20,000
16,000
4,000
6,000
10,000
10,000
15,000
19,500
10,000
25,000
11,000
17,000
10,000
31,500
12,000
30,000
3,000
10,000
1,000
10,000
6,000
10,000
11,000
20,000
16,000
10,000

Estimated
Market Value.

$8,000
25,750
8,755
23,575
2,030
5,0( 0
20,000
16,000
4,005
6,000
10,400
10,200
16,275
19,500
10,255
26,475
11,000
17,135
10,000
32,182
12,000
30,000
3,070
10,240
1,010
10,000
6,390
10,350
11,565
20,000
16,760
10,435

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

Amount Invested.

$8,000
25,000
8,500
23,000
2,000
5,000
20,000
16,000
4,000
6,000
10,000
10,000
15,000
19,500
10,000
25,000
11,000
17,000
10,000
31,500
12,000
30,000
3,000
10,000
1,000
10,000
6,000
10,000
11,000
20,(00
16,000
10,000

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

$415,500 $424,357 50 $415,500 00

Detailed Statement o f B ank Stocks.
O a>

20
80
150

Estimated
Market Value.

Continental N’l Bank, Boston,
Safety Fund N ’l B’k, Fitchburg,
Leominster National Bank,
Leominster, . . . .


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

$8,000

$100 00
8,000 00

$6,000 00

15,000

18,000 00

15,000 00

$23,000

$26,100 00

$21,000 00

No. 8.]

SAVINGS BANK COMMISSIONERS.

343

L e o m in ster S avin gs B a n k — Continued.
D e ta ile d S ta te m e n t o f S tr e e t R a i lw a y B o n d s.

Par Value.

W est End Street Railway Co. 4s,

.

$20,000

Estimated
Market Value.

Amount Invested.

$20,550 00

$20,000 00

D e ta ile d S ta te m e n t o f R a ilr o a d B o n d s.

Par Value.

Boston & Lowell R R. 4s,
Boston & Maine R.R. 3£s,
Boston & Maine R R. 4s, .
Boston & Maine R.R. 4¿s,
Chic., Burlington & Quincy R.R. 3ès,
Concord & Montreal R.R. 4s, .
Connecticut River R.R. 3¿s,
Eastern R.R. 6s,
. . .
Fitchburg R.R. 3¿s, . . . .
Fitchburg R.R. 4s, .
Fitchburg R.R. 4£s, .
Fitchburg R R. 5s, .
Illinois Central R.R. 3 ès,.
Maine Central R.R. 4s,
Maine Central R.R. 4£s, .
New York, New Haven & Hartford,
R.R. 3ès,
....................................
New York, New Haven & Hartford
R.R. 4 s ,.............................................

Estimated
Market Value.

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

Amount Invested.

$1,000
15,000
15,000
1,000
9,662
20,000
10,960
10,000
24,843
9,500
6,000
7,000
28,175
10,000
4,000

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

$1,000
15,000
15,000
1,000
10,000
20,000
11,000
10,000
25,000
10,000
6,000
7,000
30,000
10,000
4,000

$1,000
14,775
16,050
1,170
9,500
20,800
10,890
10,150
24,750
10,000
6,360
7,175
28,200
10,150
4,180

20,000

19,200 00

19,550 00

25,000

25,500 00

25,000 00

$220,000 $219,850 00 $216,691 25

T o ta l A m o u n t o f L o a n s , w ith E a c h S p e c ifie d R a te o f In te r e s t.

Rate.

Amount.

$10,151
10,917
142.500
45,000

74
24
00
00

2 per cent.
3
“
H
“
3§


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

Amount.

$86,205 11
49,500 00
127,000 00

Rate.

4 per cent.
4à
“
4à
»

Amount.

Rate.

$1,080,299 46 5 per cent.
7,200 00 H
“
22,304 60 6
“

344

R EPO RT O F TH E

[Pub. Doc.

L e o m in ster S av in g s B a n k — Concluded.
Amount invested in real estate for banking purposes,...................................
Estimated value of the s a m e , ......................................................................
Assessed value of the s a m e ,...............................................................................
Net income received from same during year ending Oct. 31, 1905,
Value, by books, of other real estate held or owned by foreclosure or
otherwise, .
.
.
.
.
.
.
.
.
.
.
.
.
Assessed value of the s a m e ,...............................................................................
Number of loans which are of an amount not exceeding $3,000 each, 574
Aggregate amount of the s a m e , ......................................................................
Total number of loans upon real e s t a t e , ............................................581
Gross amount of interest or profits received, as per books, during year
ending Oct. 31, 1 9 0 5 ,.......................................................................................
Times when dividends are payable, as fixed by the by-laws : fifteenth day
of January and July. Deposits commence to draw interest: first day
of January, April, July and October.
Rate and amount of each semi-annual dividend f 1 | per cent., $35,556 91 1
during the year ending Oct. 31,1905,
.
1 1| per cent., 36,897 74 1
Number of accounts opened during the year ending Oct. 31, 1905,
1,152
Number of accounts closed during the year ending Oct. 31, 1905,
. 818
Total number of open accounts Oct. 31, 1905..................................
6,087
Total expenses of the corporation for the year ending Oct. 31, 1905 (ex­
clusive of taxes),
.......................................................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 5 ,.......................................................................................
Number of s a m e , ........................................................................................6,355
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1905.........................................................................................................
Number of s a m e , ........................................................................................4,776
Date of examination by commissioner: June 8.


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

$78,696
75,000
58,040
1,839

28
00
00
09

3,529 11
2,625 00
627,666 06

102,256 56

72,454 65

7,160 44
460,912 69

417,539 89

No. 8.]

345

SAYINGS BANK COMMISSIONERS

L E X IN G T O N S A V IN G S B A N K - L E X IN G T O N .

Incorporated March 11, 1871.
G eorge 0 . W h it in g , President.
B r a d l e y C. W h it c h e r , Treasurer.
A ugustus A . S cott, Clerk o f the Corporation.

Names of committee charged with the investment of its funds
L eo nar d A . S a v il l e ,
G eorge W . S p a u l d in g ,
G eorge O. W h it in g ,

I rv in g S to ne ,
J am es E. C r o n e ,
C h a r l e s B. D a v is .

Open for business Wednesdays and Saturdays, 2 to 6 p . m .

B a la n c e S h e e t O c t . 31, 1905.

L ia b il it ie s .

A ssets.

Public funds, as per schedule, .
Railroad bonds, as per schedule,
Street railway bonds, as per
schedule,...................................
Boston Terminal Co. bonds,
Stocks, bonds, etc , taken to se­
cure indebtedness, .
Real estate (for banking pur­
poses), ...................................
Real estate by foreclosure, etc.,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
( n o t e s ) , ...................................
Deposit in bank, on interest,
Expense account,
Cash on hand, . . . .

$42,000 00
104,800 00
10,000 00
10,000 00


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

$497,132 64
25,000 00
3,502 54
266 76
400 00

3,271 25
25,218
200
251,514
42,062

08
00
80
50

25,000
9,489
107
2,637

00
46
90
95

$526,301 94

Cash on Deposit in Bank : —
Fourth National Bank, Boston,

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

$526,301 94

$9,489 46

346

R EPO R T OF T H E

[Pub. Doc.

L e x in g to n S a v in g s B a n k — Continued.
D e ta ile d S ta te m e n t o f P u b lic F u n d s.

Par Value.

Massachusetts 3s,
County of Aroostook, Me., 4<|s,
City of Concord, N. H., 4s,
of Malden, Mass., 4s,
of Newton, Mass., 4s,
Town of Lexington, Mass., 4s,

$5,000
5,000
5,000
2,000
15,000
10,000
$42,000

Estimated
Market Value.

$4,775
5,250
5,300
2,050
16,650
10,400

00
00
00
00
00
00

$44,425 00

Amount Invested.

$5,000
5,000
5,000
2,000
15,000
10,000

00
00
00
00
00
00

$42,000 00

D e ta ile d S ta te m e n t o f S tr e e t R a i lw a y B o n d s .

Springfield Street Railway Co. 4s, .

Par Value.

Estimated
Market Value.

Amount Invested.

$10,000

$10,400 00

$10,000 00

D e ta ile d S ta te m e n t o f R a ilr o a d B o n d s.
Estimated
Market Value.

Boston & Lowell R.R. 4s,
Boston & Maine R.R. 4s, .
Boston & Maine R.R. 4£s,
Chic., Burlington & Quincy R.R. 4s,
Concord & Montreal R R. 4s,
Conn. & Passumpsic Rivers R.R. 4s,
Connecticut River R.R. 3£s,
Maine Central R.R 4<|s, .
New York, New Haven & H artford
R R. U s , ....................................
New Yoi'k, New Haven & H artford
R.R. 4 s ,.............................................
Old Colony R.R, 4s, .


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

$11,000
5,000
10,000
24,000
5,000
5,000
5,000
5,000

$11,237
5,350
11,700
25,290
5,200
5,350
4,950
5,225

00
00
00
00
00
00
00
00

Amount Invested.

$11,000
5,000
10,000
24,000
5,000
5,000
5,000
5,000

00
00
00
00
00
00
00
00

10,000

9,600 00

9,800 00

20,000
5,000

20,750 00
5,275 00

20,000 00
5,000 00

$105,000 $109,927 00 $104,800 00

No. 8.]

SAYINGS BANK COMMISSIONERS.

347

L e x in g to n S a v in g s B a n k — Concluded.
Boston Terminal Company Bonds.

Boston Terminal Company 3^s,

Par Value.

Estimated
Market Value.

Amount Invested.

$ 1 0 ,0 0 0

$ 1 1 ,1 0 0 0 0

$ 1 0 ,0 0 0 0 0

Total Amount o f Loans, with Each Specified Rate o f Interest.
Amount.

$9,489 46
35,537 50
3,500 00

Kate.

2 per cent.
4
“
4f
“

Amount.

$20,000 00
19,000 00
192,954 13

Rate.

4£ per cent.
4|
5
“

Amount.

$3,250 00
47,606 92

Rate.

5£ per cent.
6

“

Amount invested in real estate for banking purposes.....................................
$25,218 08
Estimated value of the s a m e , ......................................................................
27,200 00
Assessed value of the s a m e ,...............................................................................
27,200 00
Value, by books, of other real estate held or owned by foreclosure or
o th e r w ise ,.........................................................................................................
200 00
Assessed value of the same...................................................................................
400 00
Number of loans which are of an amount not exceeding $3,000 each, 86
Aggregate amount of the same............................................................................
141,214 80
Total number of loans upon real estate.....................................................108
Amount of investments from which no income is received.............................
200 00
Gross amount of interest or profits received, as per books, during year
ending Oct. 31, 1 9 0 5 ,.......................................................................................
22,232 88
Times when dividends are payable, as fixed by the by-laws: third
Wednesday of April and October. Deposits commence to draw in­
terest: third Wednesday of January, April, July and October.
Rate and amount of each semi-annual dividend f 1| per cent., $8,100 47 1 16,342 19
during the year ending Oct. 31, 1905,
.
( If per cent.,
8,241 72 )
Number of accounts opened during the year ending Oct. 31, 1905,
141
Number of accounts closed during the year ending Oct. 31, 1905,
139
Total number of open accounts Oct. 31, 1905,
. . . .
1,760
Total expenses of the corporation for the year ending Oct. 31, 1905 (ex­
...............................................................................
clusive of taxes),
.
1,490 41
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 5 ,.......................................................................................
74,097 08
Number of same.............................................................................................1,564
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 9 0 5 , ................................................................................................
78,591 41
Number of s a m e , ........................................................................................1,210
Date of examination by commissioner: January 18.


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

348

R EPO R T OF TH E

[Pub. Doc.

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

Incorporated April 12, 1854.
J ohn A. F a u l k n e r , President.
A u st in K. C h a d w ic k , Treasurer.
A u s t in K. Ch a d w ic k , Clerk o f the Corporation.

Names of committee charged with the investment of its funds:
G eorge L. H o o pe r ,
A r th u r S ta ples,
F r a n k E. D u n b a r .

A u st in K . C h a d w ic k ,
W il l ia m F. W i l d e r ,
S a m u e l H . T h o m pso n ,

Open for business every business day, 9 a . m . to 1 p .m . j also Saturdays, 7 to 9 p . m .

B a l a n c e S h e e t O ct . 31, 1905.

A ssets.

Public funds, as per schedule, .
Bank stock, as per schedule,
Loans on bank stock,.
Railroad bonds, as per schedule,
Street railway bonds, as per
schedule......................................
Stocks, bonds, etc., taken to se­
cure indebtedness, .
Real estate (for banking pur­
poses)..........................................
Real estate by foreclosure, etc.,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
( n o t e s ) , ...................................
Loans on depositors’ books,
Deposits in banks, on interest, .
Cash on hand, . . . .

L ia b il it ie s .

$50,000
80,840
6,900
600,000

00
00
00
00

10,000 00

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

$3,317,444 16
166,000 00
81,248 91
42,317 69

7,920 43
65,000
4,000
1,750,947
1,012,794

00
00
75
03

1,560
500
11,681
4,866

00
00
71
84

$3,607,010 76

$3,607,010 76

Cash on Deposit in Banks, amount in each : —
National Shawmut Bank, B o s t o n , ............................................................. $1,190 08
Prescott National Bank, L ow ell,......................................................................
5,491 63
Middlesex Safe Deposit and Trust Company, Lowell,
. . . .
5,000 00


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

No. 8.]

SAYINGS BANK COMMISSIONERS.

349

L o w e ll F iv e C en ts S av in g s B a n k — Continued.
Loans on Bank Stock, amount on each : —
4 shares Appleton National Bank, Lowell,
43 shares Prescott National Bank, Lowell, .
26 shares Prescott National Bank, Lowell, . . . .
2 shares Appleton National Bank, Lowell,
6 shares Old Boston National Bank, Boston, .
1 share Webster and Atlas National Bank, Boston, .
10 shares Middlesex Safe Deposit and Trust Company, Lowell

I

$3,500 00

1
I
¡I

3,000 00

J

400 00

D e ta ile d S ta te m e n t o f P u b lic F u n d s.

City of Cambridge, Mass., 3£s,
of Chicago, 111., 4s, .
of Indianapolis, Ind., 34s,

Par Value.

Estimated
Market Value.

Amount Invested.

$25,000
20,000
5,000

$25,250 00
20,500 00
5,000 00

$25,000 00
20,000 00
5,000 00

$50,000

$50,750 00

$50,000 00


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

$5,200
500
3,100
1,000
1,700
10,000
4,000
2,500
3,200
1,225

Estimated
Market Value.

10,000
16,200
6,600
2,000

$5,200 00
655 00
3,224 00
2,020 00
2,550 00
26,000 00
7,200 00
5,325 00
4,832 00
_
20 00
10,100 00
17,496 00
10,560 00
2,000 00

$67,225

$97,182 00

-

Amount Invested,

$5,200
500
3,100
1,000
1,700
15,000
4,000
2,500
3,200
1,225

00
00
00
00
00
00
00
00
00
00

12,075
19,440
9,900
2,000

00
00
00
00

GO
►4O

52 Boylston Nat’l Bank, Boston, .
5 Faneuil Hall N’l B’k, Boston, .
31 Freemans N at’l Bank, Boston,
10 Merchants N at’l Bank, Boston,
17 Nat’l Exchange Bank, Boston,
100 N at’l Shavvmut Bank, Boston,.
40 National Union Bank, Boston,
25 Second National Bank, Boston,
32 State National Bank, Boston, .
35 Tremont Nat’l Bank, Boston, .
20 Washington N’l Bank, Boston,
100 Old Lowell N’l Bank, Lowell,
162 Prescott Nat’l Bank, Lowell, .
66 Union National Bank, Lowell,
20 W amesit Nat’l Bank, Lowell, .

Par Value.

m
GO
©

No. of
Shares.

D e ta ile d S ta te m e n t o f B a n k S to ck s.

00

350

REPORT OF THE

[Pub. Doc.

L o w e ll F iv e C ents S av in g s B an k — Continued.
Detailed Statement o f Street Railw ay Bonds.
Par Value.

Lowell & Suburban Street Railway
Co. 5 s , .............................................

$10,000

Estimated
Market Value.

Amount Invested.

$10,400 00

$10,000 00*

* A legal investment when made.

Detailed Statement o f Railroad Bonds.
Par Value.

Boston & Albany R R. 3¿s,
Boston & Maine R.R. 3¿s,
Chie., Burlington & Quincy R R. 3¡Js,
Chic., Burlington & Quincy R.R. 4s,
Cleveland & Pittsburgh R.R. 3ès, .
Fitchburg R.R. 4s, .
Fitchburg R.R. 5s................................
Illinois Central R.R. 3¿s, .
Illinois Central R.R. 4s, .
Maine Central R.R. 4£s, .
Michigan Central R.R. 3£s,
Minnesota & Iowa R.R. 3^s, .
New York Central R.R. 3¿s, .
New York, New Haven & H artford
R.R. 4 s ,.............................................
Norwich & W orcester R.R. 4s,
Sioux City & Pacific R.R. 3 ¿s,.

Estimated
Market Value.

$50,000
50,000
50,000
35,000
75,000
20,000
25,000
25,000
50,000
15,000
20,000
25,000
25,000

$50,000
49,250
47,500
36,050
74,250
21,000
25,625
23,500
52,500
15,675
19,600
24,250
24,625

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

100,000
25,000
10,000

106,500 00
26,250 00
9,600 00

Amount Invested.

$50,000
50,000
50,000
35,000
75,000
20,000
25,000
25,000
50,000
15,000
20,000
25,000
25,000

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

100,000 00
25,000 00
10,000 00

$600,000 $606,175 00 $600,000 00

Total Amount o f Loans, with Each Specified Rate o f Interest.
Amount.
$1,190
5,491
5,000
474,658

Kate.
08
61
00
60

2 per cent.
H
“
3
4
“


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

Kate.

Amount.

Rate.

41 per cent.
4¿ “

$15,300 00
. 35,560 00

5¿ per cent.
6
“

Amount.

$328,461
712,753
18,900
1,187,068

00
94
00
24

?

::

No. 8.]

SAYINGS BANK COMMISSIONERS.

351

L o w e ll F iv e C en ts S av in g s B an k — Concluded.
Amount invested in real estate for banking purposes,...................................
Estimated value of the s a m e , ......................................................................
Assessed value of the s a m e ,...............................................................................
Value, by books, of other real estate held or owned by foreclosure or
o th e r w is e ,.........................................................................................................
Assessed value of the s a m e ,..............................................................................
Number of loans which are of an amount not exceeding $3,000 each, 556
Aggregate amount of the s a m e , ......................................................................
Total number of loans upon real e s t a t e , ............................................621
Gross amount of interest or profits received, as per books, during year
ending Oct. 31, 1 9 0 5 ,.......................................................................................
Times when dividends are payable, as fixed by the by-laws: Monday
following the first Saturday of January and July. Deposits commence
to draw interest: first Saturday of January, April, July and October.
Rate and amount of each semi-annual dividend f 2 per cent., $57,976 13 1
during the year ending Oct. 31, 1905,
. i 1| per cent.,
53,207 03 J
Number of accounts opened during the year ending Oct. 31, 1905,
3,707
Number of accounts closed during the year ending Oct. 31, 1905,
2,394
Total number of open accounts Oct. 31, 1905,
. . . .
14,329
Total expenses of the corporation for the year ending Oct. 31, 1905 (ex­
clusive of taxes),
.......................................................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 5 ,.......................................................................................
Number of same....................................................................................24,185
Amount of withdrawals, including dividends, during the year ending
Oct 31, 1 9 0 5 , ................................................................................................
Number of same....................................................................................10,296
Date of examination by commissioner: March 27.


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

$65,000 00
65,000 00
56,420 00
4,000 00
4,700 00
650,233 77

148,894 19

111,183 16

12,144 31
740,892 87

573,879 19

352

REPORT OF THE

[Pub. Doc

L O W E L L IN S T IT U T IO N F O R S A V I N G S -L O W E L L .

Incorporated Feb. 20, 1829.
A . S t . J o hn C h a m b r e , President.
G eorge J. Ca r n e y , Treasurer.
G eorge J. Ca r n e y , Clerk o f the Corporation.

Names of committee charged with the investment of its funds :
G eorge J. Ca r n e y ,
C h a r l e s H . H o bson ,
J ohn J. C olton ,
J am e s W . B . S h a w ,
G eorge B o w e r s .

Open for business every business day for deposits, 9 a . m . to 2 p . m . ; Saturdays,
7 to 9 p . m . ; for payments, Tuesdays, Thursdays, Saturdays,
9 a . m . to 2 p . m . ; Saturdays, 7 to 9 p . m .

B alance Sh eet Oct.

A ssets.

Public funds, as per schedule, .
Bank stock, as per schedule,
Loans on bank stock,.
Beal estate (for banking pur­
poses), ...................................
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
( n o t e s ) ,...................................
Deposits in banks, on interest, .
Deconstruction account,

31, 1905.

L ia b il it ie s .

$400,000 00
106,700 00
2,000 00
20,334 06
1,618,685 57
1,279,749 72

Deposits, .
Guaranty fund,
Profit and loss account, .
Suspense account, .
Real estate income
account,

$5,060,867 80
277,518 05
12,337 06
9,425 17
8,230 38

1,848,298 50
76,000 00
16,610 61
$5,368,378 46

$5,368,378 46

Cash on Deposit in Banks, amount in each: —
First National Bank, B o s t o n , ...................................................................... $1,000 00
Wamesit National Bank, L o w e l l , .............................................................
75,000 00
Loans on Bank Stock, amount on each : —
12 shares Prescott National Bank, L ow ell,.................................................... $1,200 00*
10 shares Prescott National Bank, L ow ell,....................................................
800 00
* The bank has been notified that this loan is in excess of the legal limit, and requested to
adjust the same.


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Federal Reserve Bank of St. Louis

No. 8.]

SAYINGS BANK COMMISSIONERS.

353

L o w e ll In stitu tio n for S av in g s — Continued.
Detailed Statement o f Public Funds.
Par Value.

United States 4s,

.

.

.

Estimated
Market Value.

Amount Invested,

$400,000 $419,000 00 $400,000 00

No. of
Shares.

Detailed Statement o f Bank Stocks.

544
161
473
89

Par Value.

Merchants Nat’l Bank, Boston,
New England N ’l B’k, Boston,
Second National Bank, Boston,
Union National Bank, Lowell,

$34,400
16,100
47,300
8,900

Estimated
Market Value.

$69,488
22,218
100,749
14,240

Amount Invested.

00 $34,400 00
00 ' 16,100 00
00
47,300 00
8,900 00
00

$106,700 $206,695 00 $106,700 00

Total Am ount o f Loans, with Each Specified Rate o f Interest.
Rate.

Amount.

$156,849
100,000
110,000
102,030
78,330
141,994
355,200

72
00
00
00
00
50
00

2 per cent.
24
“
34
“
H

3A
3f
3*

“
“
“

Rate.

Amount.

$16,000
327,174
265,000
3,050
335,600
88,850
1,501,670

00
00
00
00
00
00
00

3j5A per cent.
3|
“
3‘i
“
34
“
3*
4

“
“

Amount.

$129,800
75.000
195,400
35.500
796,385
10.000
900

Rate.

00
00
00
00
57
00
00

44 per cent.
415.
(<
44
43
5
54
6
“

Amount invested in real estate for banking purposes......................................$20,334 06
Estimated value of the s a m e , ......................................................................
20,334
Assessed value of the s a m e ,...............................................................................
42,350
Net income received from same during year ending Oct. 31, 1905, .
.
123
Number of loans which are of an amount not exceeding $3,000 each, 174
Aggregate amount of the s a m e , ......................................................................
238,661
Total number of loans upon real e s t a t e , ............................................270
Gross amount of interest or profits received, as per books, during year
ending Oct. 31, 1905...........................................................................................
199,374
Times when dividends are payable, as fixed by the by-laws: Monday fol­
lowing first Saturday of May and November. Deposits commence to
■draw interest: first Saturday of February, May, August and November.


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

06
00
28
25

63

REPORT OF THE

354

[Pub. Doc.

L o w e ll In stitu tio n for S a v in g s — Concluded.
Rate and amount of each semi-annual dividend f 2 per cent., $94,154 34 $184,296 23
during the year ending Oct. 31, 1905,
.
( 1£ per cent., 90,141 89
Number of accounts opened during the year ending Oct. 31, 1905,
1,266
Number of accounts closed during the year ending Oct. 31, 1905,
1,220
Total number of open accounts Oct. 31, 1905,
. . . .
11,555
Total expenses of the corporation for the year ending Oct. 31, 1905 (ex­
13,046 42
clusive of taxes),
.......................................................................................
Amount of deposits, not including dividends, received during the year
671,988 00
ending Oct. 31, 1 9 0 5 ,.......................................................................................
Number of s a m e , .............................................................................. 9,383
Amount of withdrawals, including dividends, during the year ending
699,504 84
Oct. 31, 1905.........................................................................................................
Number of s a m e , .............................................................................. 11,412
Date of examination by commissioner: August 17.


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Federal Reserve Bank of St. Louis

No. 8.]

SAVINGS BANK COMMISSIONERS.

355

L U D L O W S A V IN G S B A N K - L U D L O W .

Incorporated Feb. 23, 1888.
J. W . H a n n u m , President.
G eorge A . B ir n i e , Treasurer.
G eorge A . B ir n ie , Clerk o f the Corporation.

Names of committee charged with the investment of its funds:
G eorge D. G r e e n ,
E. E. F u l l e r ,

W. S. Co l w e l l ,
M. H . L y o n s ,

J. W . H a n n u m .

Open for business every business day, 10 a . m . to 12 m ., 1 to 3 p . m . ; also Wednesdays
and Fridays, 7-30 to 9 p .m .

B a la n c e S h e e t O ct . 81, 1905.

A ssets.

Bank stock, as per schedule,
Railroad bonds, as per schedule,
Street railway bonds, as per
schedule,...................................
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
( n o t e s ) , ...................................
Deposits in banks, on interest, .
Deposits in banks, noton interest,
Expense account,
Furniture and fixtures,
Insurance account, .
Cash on hand, . . . .

L ia b il it ie s .

$1,100 00
32,158 75

Deposits, .
Guaranty fund, *
Interest account,

$333,828 07
4,250 21
966 31

9,136 00
202,168 69
19,775 00
8,000
65,239
178
174
150
29
934

00
40
84
25
00
50
16

$339,044 59

$339,044 59

Cash on Deposit in Banks, amount in each : —
Chapin National Bank, S p r in g fie ld ,............................................................. $13,817 56
Chicopee National Bank, Springfield,.............................................................
7,385
City National Bank, Springfield,......................................................................
13,774
4,495
Second National Bank, S p r in g fie ld ,.............................................................
Springfield National Bank, Springfield............................................................ 14,214 79
Springfield Safe Deposit and Trust Company, Springfield,
.
.
.
11,551


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Federal Reserve Bank of St. Louis

65
47
19
74

[Pub. Doc.

REPORT OF THE

356

L u d lo w S a v in g s B a n k — Continued.
Detailed Statement o f B ank Stocks.
o $
©. u
C3

10

Par Value.

City National Bank, Holyoke,

Estimated
Market Value.

Amount Invested.

$1,100 00

$1,150 00

$1,000

Detailed Statement o f Street Railway Bonds.
Estimated
Market Value.

Amount Invested.

$6,100
2,000

$6,887 00
2,200 00

$6,851 00
2,285 00*

$8,100

$9,087 00

$9,136 00

Par Value.

Holyoke Street Railway Co. 5s,
Lynn & Boston Railroad Co. 5s,

* A legal investment when made.

Detailed Statement o f Railroad Bonds.
Par Value.

$2,000
5,000
1,000
15,000

Bangor & Aroostook R.R. 5s, .
Chic., Burlington & Quincy R.R. 3is,
Connecticut River R.R. 4s,
Illinois Central R.R. 3 ¿ s ,.
New York, New Haven & H artford
R.R. 3 ¿ s , ....................................
W ashington County R.R. 3¿s, .

Estimated
Market Value.

$2,440
4,775
1,080
14,225

00
00
00
00

Amount Invested.

$2,440
4,793
1,000
14,275

00
75
00
00

5,000
5,000

4,825 00
4,700 00

4,850 00
4,800 00

$33,000

$32,045 00

$32,158 75

Total Amount o f L oans, with Each Specified Rate o f Interest.
Amount.

$65,239 40
8,000 00


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Federal Reserve Bank of St. Louis

Rate.

Amount.

Rate.

3 per cent.
4| “

$170,692 73
15,629 46

5 per cent.
5Ä

“

Amount.

$35,621 50

Rate.

6 per cent.

No. 8.]

SAYINGS BANK COMMISSIONERS

357

L u d lo w S av in g s B an k — Concluded.
Number of loans which are of an amount not exceeding $3,000 each, 184
Aggregate amount of the s a m e , ...................................................................... $196,343
Total number of loans upon real e s t a t e , ............................................ 160
Gross amount of interest or profits received, as per books, during year
ending Oct. 31, 1 9 0 5 ,.......................................................................................
13,855
Times when dividends are payable, as fixed by the by-laws: first day of
April and October. Deposits commence to draw interest: first day of
January, April, July and October.
Rate and amount of each semi-annual dividend j 2 per cent.,
$5,200 32 )
11,067
during the year ending Oct. 31, 1905,
.
1 2 per cent.,
5,867 31 1
Number of accounts opened during the year ending Oct. 31, 1905, . 429
Number of accounts closed during the year ending Oct. 31, 1905,
. 291
Total number of open accounts Oct. 31, 1905,
. . . .
1,365
Total expenses of the corporation for the year ending Oct. 31, 1905 (ex­
clusive of taxes)..................................................................................................
1,121
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 5 ,.......................................................................................
130,281
Number of s a m e , ...............................................................................2,816
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 9 0 5 , ................................................................................................
70,828
Number of s a m e , ...................................................................... ........
1,039
Date of examination by commissioner: January 31.


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Federal Reserve Bank of St. Louis

69

81

63

64
21

20

[Pub. Doc

REPORT OF THE

358

L Y N N F IV E C E N T S S A V IN G S B A N K — L Y N N .

Incorporated May 15, 1855.
R o ll in E. H a rm o n , President.
H e n r y E. N e w h a l l , Treasurer.
H e n r y E. N eavhall , Clerk o f the Corporation.

Names of committee charged with the investment of its funds :
R o l l in E. H ar m o n ,
H e n r y A. P e v e a r ,
J am e s S. N eavhall ,
C h a r l e s H . N eavhall ,
R u f f s K im b a l l .

Open for business every business day, 9 a . m . to 1 p .m .; also Saturdays, 3 to 6 p . m .

B a la n c e S h e e t O ct . 31, 1905.

A ssets.

Public funds, as per schedule, .
Loans on public funds,
Bank stock, as per schedule,
Railroad bonds, as per schedule,
Loans on railroad bonds, .
Loan on street railway bonds, .
Real estate (for banking pur­
poses)..........................................
Real estate by foreclosure, etc.,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or tOAvns
( n o t e s ) , ...................................
Deposits in banks, on interest, .
Expense account,
Taxes and repairs,
Cash on hand, . . . .

L ia b il it ie s .

$383,240
490,000
63,187
702,045
1,075,000
5,000

00
00
69
23
00
00

33,661
14,218
1,254,366
1,403,391

99
22
02
50

10,000
78,830
4,225
1,519
10,989

00
95
29
30
52

$5,529,675 71

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

$5,001,887 58
248,500 00
279,276 07
12 06

$5,529,675 71

Cash on Deposit in Banks, amount in each: —
Merchants National Bank, B o s t o n , ............................................................. $7,509 06
National Bank of the Republic, B o s t o n , ....................................................
26,107
National Shawmut Bank, B o s t o n , ..............................................................
26,828
National City Bank, L y n n ,...............................................................................
10,382
Central National Bank, L y n n , ......................................................................
8,004


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

69
15
04
01

No. 8.]

SAYINGS BANK COMMISSIONERS.

359

L y n n F iv e C en ts S a v in g s B an k — Continued.
Loans on Public Funds, amount on each : —
$10,000 Massachusetts 3 s , ............................................
20.000 Providence, R. I., 3 s , ...................................
10.000 Massachusetts 3 s , ............................................
16.000 New Bedford, Mass., 4s,
. . .
32.000 Springfield, Mass., 3 s , ...................................
81.000 Massachusetts 3 4 s , ...................................
50.000 Boston, Mass., 3 ¿ s , ...................................
19.000 Massachusetts 3 4 s , ...................................
5.000 Minneapolis, Minn., 4s,
. . . .
4.000 Peabody, Mass., 3 4 s , ...................................
2.000 Massachusetts 3 4 s , ...................................
1.500 Revere, Mass., 3 4 s , ...................................
500 Madison, Me., 4s,*
...................................
1.500 Waterbury, Conn., 4 s , ...................................
1.000 Winchester, Mass., 4 s , ...................................
41.000 Holyoke, Mass., 3 4 s , ...................................
18.000 Revere, Mass, 34s..............................................
1.000 Quincy, Mass., 4 s , ...................................
3.000 Watertown, Mass., 4 s , ...................................
106.000 Lynn, Mass., 34s, .
.
.
.
.
.
50.000 Augusta, Me. (Water District), 4s,
50.000 Minneapolis, Minn., 34s,
. . . .
15.000 Providence, R. I., 3 s , ...................................
10.000 Saginaw, Mich., 4s, * ...................................
Loans on Railroad Bonds, amount on each : —
$51,000 New York Central & Hudson River R.R. 34s,
116.000 Illinois Central R.R. 34s..................................
3.000 Chicago, Burlington & Quincy R.R. 34s,
129.000 Fitchburg R R. 4 s , ...................................
25.000 Certified check on City Trust Co., Boston, .
145.000 New York, New Haven & Hartford R.R. 4s,
118.000 Chicago, Burlington & Quincy R.R. 34s,
60.000 Illinois Central R.R. 34s,
. . . .
31.000 New York Central & Hudson River R.R. 34s,
1.000 New York, New Haven & Hartford R.R. 34s,
55.000 New England R.R. 4 s , ...................................
23.000 Chicago, Burlington & Quincy R.R. 4s,
20.000 Cleveland & Pittsburgh R.R. 34s,
3.000 Chicago, Burlington & Quincy R.R. 34s,
5.000 New York Central & Hudson River R.R. 34s,
3.000 Illinois Central R.R. 34s,
. . . .
9.000 New York Central & Hudson River R.R. 34s,
55.000 New York, New Haven & Hartford R.R. 34s,
2.000 Old Colony R.R. 4s...........................................
1.000 Illinois Central R.R. 34s,
. . . .
18.000 New York, New Haven & Hartford R.R. 4s,
285.000 New York, New Haven & Hartford R.R. 4s,
25.000 New York, New Haven & Hartford R.R. 34s,
Loan on Street Railway Bonds : —
$6,000 West End Street Railway Co. 4s,


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

Legal collateral has since been substituted.

I $25,000 00
1I
170,000 00
!

j
25.000 00
2,000 00
2,000 00
1,000 00

SI-

60.000 00

j
Ì

I

[ 205,000 00
I

J

$150,000 00

}
}

150.000 00
230.000 00
50.000 00

l

28.000 00
50.000 00
23.000 00

]
(I

29.000 00

J

1
75,000 00
I!■
!
j

!

290,000 00

$5,000 00

360

[Pub. Doc.

REPORT OF THE

L y n n F iv e C en ts S a v in g s B a n k — Continued.
Detailed Statement o f Public Funds.
Par Value.

County
City of
of
of
of

of Fairfield, Conn., 4s,
Akron, Ohio, 4s, .
Akron, Ohio, 4^s,.
Akron, Ohio, 5s, .
Augusta, Me. (W ater Dis­
trict) , 4s, .
of Dayton, Ohio, 4 s,.
of Grand Rapids, Mich,, 4s,
of Grand Rapids, Mich , 4£s, .
of Holyoke, Mass., 3<|s, .
of Kansas City, Mo., 4s, .
of Manchester, N. H., 4s, .
of New Bedford, Mass., 7s,
of Newton, Mass , 5s,
of Norwich, Conn. 3is, .
of Peoria, 111., 4^s, .
of Rockford, 111., 4s,
of Rockford, 111., 4£s,
of Saginaw, Mich., 4s,
of South Bend, Ind., 5s, .
of Springfield, Mass., 3^s,
of Youngstown, Ohio, 5s,
Town of Fram ingham , Mass., 4s, .
of Gardner, Mass., 4s, .
of Peabody, Mass., 3£s, .

Estimated
Market Value.

Amount Invested.

$19,000
6,000
6,000
30,000

$19,332
6,270
6,390
30,750

50
00
00
00

$19,000
6,000
6,000
30,000

25,000
36,000
5,000
12,000
26,000
10,000
1,000
9,000
5,000
10,000
10,000
4,000
31,000
10,000
20,000
50,000
1-5,240
4,000
19,000
20,000

27,000
36,392
5,000
12,660
26,000
10,500
1,025
9,810
5,050
10,000
10,100
4,000
31,260
10,350
20,300
50,000
16,296
4,040
19,257
20,000

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

25,000
36,000
5,000
12,000
26,000
10.000
1,000
9,000
5,000
10,000
10,000
4,000
31,000
10,000
20,000
50,000
15,240
4,000
19,000
20,000

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

$383,240 $391,783 50 $383,240 00
* A legal investment when made.

No. of
Shares.

Detailed Statement o f B ank Stocks.

14 Boylston N at’l Bank, Boston, .
2 State National Bank, Boston, .
63 Trem ont N at’l Bank, Boston, .
30 W inthrop N at’l Bank, Boston,
50 Georgetown National Bank,
Georgetown,
78 Central National Bank, Lynn,
30 Essex T rust Co., Lynn,
61 F irst National Bank, Lynn,
266 National City Bank, Lynn,


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

Par Value.

$1,400
200
2,205
3,000
5,000
7,800
3,000
-

26,600
$49,205

Estimated
Market Value.

$1,400 00
302 00
-

6,000 00
5,000
13,260
6,000
427
41,230

00
00
00
00
00

$73,619 00

Amount Invested.

$1,400
200
5
3,000

00
00
00
00

5,000
9,613
6,000
5
37,963

00
97
00
00
72

$63,187 69

No. 8.]

SAVINGS BANK COMMISSIONERS

361

L y n n F iv e C en ts S a v in g s B a n k — Continued.
Detailed Statement o f Railroad Bonds.
Par Value.

Aroostook & Northern R.R. 5s, .
Boston & Maine R.R. 4¿s, .
Burlington & Missouri River R.R.
6s,
....................................
Chicago, Burlington & Quincy
R.R 3¿s, ....................................
Chicago, Burlington & Quincy
R.R. 4s...........................................
Chicago & Northwestern R.R. 5s,
Chicago & Northwestern R.R. 6s,
Chicago & Northwestern R.R. 7s,
Fitchburg R.R. 5s,
Hannibal & St. Joseph R.R. 6s, .
Illinois Central R.R. 3s,
Illinois Central R.R. 3¿s,
Illinois Central R R. 4s,
Illinois Central R.K. 5s,
Kansas City, St. Joseph & Council
Bluffs R.R. 7s, . . . .
Maine Central R.R. 4 s,.
Maine Central R.R. 4¿s,
Maine Central R.R. 7 s,.
N ew York, New Haven & Hartford
R.R. 4s...........................................
New York Central & Hudson River
R.R. 3 ¡ J s , ....................................
Portland & Ogdensburg R.R. 3¿s,
Portland & Ogdensburg R.R. 5 s,.
Rochester & N orthern Minnesota
R.R. 7 s , ....................................
Vermont Valley R.R. 5s,

Estimated
Market Value.

Amount Invested.

$5,000 00
50,000 00

$5,550 00
59,000 00

$5,000 00
50,000 00

24,000 00

27,240 00

24,000 00

95,000 00

90,725 00

88,818 75

15,000
15,000
10,000
25,000
15,000
9,000
20,000
60,000
15,000
11,679

00
00
00
00
00
00
00
00
00
60

15,975
16,775
11,900
29,000
15,450
9,990
16,600
56,400
15,975
11,679

00
00
00
00
00
00
00
00
00
60

15,000
15,000
10,000
25,000
15,000
9,000
16,700
56,459
15,000
11,679

00
00
00
00
00
00
00
38
00
60

25,000
14,000
10,000
18,000

00
00
00
00

25,937
14,280
10,475
21,330

50
00
00
00

25,000
14,000
10,000
18,000

00
00
00
00

220,000 00

230,150 00

220,000 00

10,000 00
15,000 00
11,000 00

9,875 00
14,925 00
11,330 00

9,500 00
14,887 50
11,000 00

8,000 00
15,000 00

8,600 00
15,750 00

8,000 00
15,000 00

$715,679 60 $744,912 10 $702,045 23..

Total Am ount o f Loans, with Each Specified Rate o f Interest.
Amount.

$60,444
18,386
10,000
305.000
555.000

Rate.

90
05
00
00
00

2 per cent.
2¿
“
3à
“
3&
“
3|


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

Rate.

Amount.

$75,000
1,451,891
45,000
300,000
202,800

00
50
00
00
00

3J per cent.
4
4i

44
4é

“

“
“

Rate.

Amount.

$25,000
611,700
590,946
65,420

00
00
02
00

4 | per cent.
5
“
5è
“
6
“

362

REPORT OF THE

[Pub. Doc.

L y n n F iv e C en ts S av in g s B a n k — Concluded.
Amount invested in real estate for banking purposes,............................ $33,661
99
Estimated value of the sam e,.....................................................................
34,000
00
Assessed value of the s a m e ,.....................................................................
32,600
00
Net income received from same during year ending Oct. 31,1905,
.
.
2,053 30
Value, by books, of other real estate, held or owned by foreclosure or
o th e r w is e ,...................................................................................................14,218
22
Assessed value of the same, .
21,550 00
Net income received from same during the year ending Oct. 31,1905,
.
413 65
Number of loans which are of an amount not exceeding $3,000 each, 843
Aggregate amount of the s a m e , ......................................................................
667,566 02
Total number of loans upon real e s t a t e , ............................................924
Gross amount of interest or profits received, as per books, during year
245,752
18
ending Oct. 31, 1 9 0 5 ,.............................................................................
Times when dividends are payable, as fixed by the by-laws: first day of
January and July. Deposits commence to draw interest: first day of
January, April, July and October.
Rate and amount of each semi-annual dividend ( If per cent., $80,293 49 ) jgj ^ qj
during the year ending Oct. 31, 1905,
.
I If per cent.,
81,353 58 1
’
Number of accounts opened during the year ending Oct. 31, 1905,
4,925
Number of accounts closed during the year ending Oct. 31, 1905,
4,044
Total number of open accounts Oct. 31, 1905,
. . . .
25,759
Total expenses of the corporation for the year ending Oct. 31, 1905 (ex­
clusive of taxes)..................................................................................................15,210 99
Amount of deposits, not including dividends, received during the jrear
ending Oct. 31, 1 9 0 5 ,....................................................................................... 1,181,138 82
Number of s a m e , ...............................................................................40,182
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1905............................................................. / ...................................... 1,202,799 34
Number of same....................................................................................26,161
Date of examination by commissioner: February 23.


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

No. 8.]

SAYINGS BANK COMMISSIONERS.

363

L Y N N IN S T IT U T IO N F O R S A V IN G S — L Y N N .

Incorporated June 20, 1826.
C h a r le s S. P u r in to n , President.
W a l t e r E. S y m o n d s , Treasurer.
W a l t e r E. S y m o n d s , Clerk o f the Corporation.

Names of committee charged with the investment of its funds :
L u t h e r S. J o h n so n ,
C h a r l e s S. P u r in t o n ,

J o seph B . B r e e d ,
B e n ja m in F . S p in n e y .

Open for business every business day, 9 a .m . to 1 p .m . ; also Saturdays, 2.30 to 5.30 p

m.

B a la n c e S h e e t O c t . 31, 1905.

A ssets.

Public funds, as per schedule, .
Loan on public funds,
Bank stock, as per schedule,
Loans on bank stock,.
Railroad bonds, as per schedule,
Loans on railroad bonds, .
Street railway bonds, as per
schedule......................................
Boston Terminal Co. bonds,
Real estate (for banking purposes)..........................................
Real estate by foreclosure, etc.,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
( n o t e s ) , ...................................
Deposits in banks, on interest, .
Cash on hand, . . . .

L ia b il it ie s .

$963,000
20,000
93,800
13,700
1,250,290
130,000

00
00
00
00
00
00

$5,603,009 27
275,000 00
238,594 79

50,000 00
80,000 00
30,000
12,668
1,437,385
1,664,048

00
63
00
60

136,050 00
205,428 40
30,233 43
$6,116,604 06

Cash on Deposit in Banks, amount in each: —
National Exchange Bank, Boston,
Essex Trust Company, Lynn, .
Manufacturers National Bank, Lynn,
Central National Bank, Lynn, .


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Federal Reserve Bank of St. Louis

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

$6,116,604 06

$50,071
95,296
35,000
25,060

61
07
00
72

364

REPORT OF THE

[Pub. Doc

L y n n In stitu tio n for S a v in g s — Continued.
Loan on Public Funds: —
$10,000 City of Malden, Mass., 3£s, .
6.000 City of Lynn, Mass., 3^s,
5.000 City of Brockton, Mass., 3^s, .

$ 20,000 00

Loans on Bank Stock, amount on each: —
100 shares Central National Bank, Lynn, .
47 shares Manufacturers National Bank, Lynn,

$ 10,000 00

Loans on Railroad Bonds, amount on each : —
$56,000 New York, New Haven & Hartford R.R. 4s,
60.000 New York, New Haven & Hartford R.R. 4s,
40.000 New York, New Haven & Hartford R.R. 3¿s,

$50,000 00

3,700 00

80,000 00

Detailed Statement o f Public Funds.
Par Value.

Massachusetts 3ès, .
City of Akron, Ohio, 4£s,
of Boston, Mass., 4s,
of Boston, Mass., 5s,
of Cambridge, Mass , 4 s ,.
of Chicago, 111., 4s, .
of Gloucester, Mass., 4s, .
of Hartford, Conn., 4s,
of Kansas City, Mo., 4s, .
of Lynn, Mass., 3^s,.
of Lynn, Mass., 4s, .
of Middletown, Conn., 3£s,
of Milwaukee, Wis., 5s, .
of Nashua, N. H., 4s,
of New Bedford, Mass., 6s,
of Newton, Mass., 4s,
of Peoria, 111., 4£s, .
of Philadelphia, Penn., 3£s,
of Portland, Me., 6s,
of Somerville, Mass., 5£s,
of Taunton, Mass., 4s,
of Youngstown, Ohio, 5s,
Town of Revere, Mass., 4s,
of South Abington, Mass., 4s,


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Federal Reserve Bank of St. Louis

Estimated
Market Value.

Amount Invested,

$200,000 $207,875 00 $200,000 00
44,000
44,530 00
44,000 00
65,000
67,700 00
65,000 00
15,000
15,225 00
15,000 00
30,000
31,200 00
30,000 00
100,000
103,762 50
100,000 00
37,000
39,102 50
37,000 00
25,000
26,375 00
25,000 00
15,000
15,750 00
15,000 00
34,500
35,478 75
34,500 00
190,500
194,340 00
190,500 00
15,000
15,000 00
15,000 00
20,000
20,900 00
20,000 00
20,000
20,650 00
20,000 00
5,000
5,500 00
5,000 00
10,000
10,300 00
10,000 00
20,000
21,000 00
20,000 00
25,000
25,000 00
25,000 00
14,000
14,490 00
14,000 00
10,000
10,100 00
10,000 00
28,000
28,700 00
28,000 00
13,000
13,460 00
13,000 00
22,000
22,785 00
22,000 00
5,000
5,162 50
5,000 00
$963,000 $994,386 25 $963,000 00

No. 8.]

SAYINGS BANK COMMISSIONERS.

365

L y n n I n s t i t u t i o n fo r S a v in g s — Continued.

No. of
Shares.

Detailed Statement o f B ank Stocks.
Par Value.

10 Freemans N at’l Bank, Boston,
55 Nat’l Exchange Bank, Boston,
100 Nat’l Rockland Bank, Boston,
78 N at’l Shawmut Bank, Boston,
92 National Union Bank, Boston,
75 Second National Bank, Boston,
15 W inthrop N at’l Bank, Boston,
200 Central National Bank, L ynn,.
100 Essex Trust Company, Lynn, .
200 First National Bank, Lynn,
213 National City Bank, Lynn,

$1,000
5,500
10,000
7,800
9,200
7,500
1,500
20,000
10,000
_

21,300

Estimated
Market Value.

$1,040
8',250
16,500
20,280
16,560
15,975
3,000
34,000
20,000
1,400
33,015

00
00
00
00
00
00
00
00
00
00
00

$93,800 $170,020 00

Amount Invested.

$1,000
5,500
10,000
7,800
9,200
7,500
1,500
20,000
10,000

00
00
00
00
00
00
00
00
00

_

21,300 00
$93,800 00

Detailed Statement o f Street Railway Bonds.
Par Value.

W est End Street Railway Co. 4s,

$50,000

Estimated
Market Value.

Amount Invested.

$53,000 00

$50,000 00

Detailed Statement o f Railroad Bonds.
Par Value.

Bangor & Aroostook R.R. 5s, .
Boston & Albany R.R. 3¿s,
Boston & Maine R.R. 4 £ s ,
Boston & Providence R.R. 4s, .
Boston, Concord & Montreal R.R. 6s,
Burlington & Missouri River R.R. 6s,
Chic., Burlington & Quincy R R. 3¿s,
Chic., Burlington & Quincy R.R. 4s,
Chicago & Northwestern R.R. 3¿s, .
Chicago & Northwestern R.R. 7s, .
Cleveland & Pittsburgh R.R. 4¿s, .
Concord & Montreal R.R. 4s, .
Eastern R.R. 6s,
. . .
Erie & Pittsburgh R.R. 3¿s,
Fremont, Elkhorn & Missouri Valley R.R. 6 s , ....................................
Hannibal & St. Joseph R.R. 6s,


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

$24,000
50,000
48,000
20,000
47,000
38,600
50,000
123,000
30,000
20,000
13,000
35,000
86,328
25,000
25,000
25,000

Estimated
Market Value.

$29,520
50,000
56,640
20,800
52,405
43,811
47,750
128,895
30,000
25,300
15,210
36,400
87,622
24,750

00
00
00
00
00
00
00
00
00
00
00
00
92
00

35,000 00
27,750 00

Amount Invested,

$24,000
50,000
48,000
20,000
47,000
38,600
49,437
123,000
29,100
20,000
13,000
35,000
86,328
25,000

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

25,000 00
25,000 00

366

KEPORT OF THE

[Pub. Doc

L y n n I n s t i t u t i o n f o r S a v in g s — Continued.
Detailed Statement o f Railroad Bonds — Concluded.

Housatonic R.R. 5s, .
Illinois Central R.R. 4s, .
Kalamazoo, Allegan & Grand Rapids
R.R 5s, .
Kansas City, St. Joseph & Council
Bluiïs R R. 7s,
Maine Central R.R. 5s,
Maine Central R.R. 7s,
Michigan Central R.R. 5s,
Milwaukee, Lake Shore & Western
R.R. 6 s ,.............................................
New E ngland R.R. 5s,
New Haven & Northampton R.R. 6s,
New York Central & Hudson River
R.R. 3¿s,
....................................
New York, New Haven & H artford
R R. 3 ¿ s , ....................................
New Yoi’k, New Haven & H artford
R.R. 4 s ,.............................................
Northwestern Union Ry. 7s, .
Peoria & Northwestern R.R. 3is, .
Poi-tsmouth, Great Falls & Conway
R.R. 4 è s , ....................................
St. Johnsbury & Lake Champlain
R.R. 5 s ,.............................................
Troy & Boston R.R. 7s, .
Vermont Valley R.R. 5s, .
Winona & St. Peters R.R. 7s, .

Par Value.

Estimated
Market Value.

Amount Invested.

$25,000
15,000

$31,000 00
15,975 00

$25,000 00
15,000 00

25,000

31,000 00

25,000 00

23,200
1,000
65,000
25,000

24,012
1,075
77,025
30,250

23,200
1,000
65,000
25,000

50,000
25,000
11,000

63,500 00
31,500 00
11,825 00

50,000 00
25,000 00
11,000 00

50,000

49,375 00

47,500 00

25,000

23,937 50

25,000 00

125,000
19,000
25,000

131,250 00
24,890 00
24,250 00

125,000 00
19,000 00
23,625 00

22,500

25,987 50

22,500 00

10,000
10,000
25,000
19,000

12,400
14,100
26,250
24,700

10,000
10,000
25,000
19,000

00
00
00
00

00
00
00
00

00
00
00
00

00
00
00
00

$1,255,628 $1,386,155 92 $1,250,290 00

Boston Term inal Company Bonds.
Estimated
Market Value.

Boston Term inal Company 3¿s,


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

$80,000

$88,800 00

$80,000 00

No. 8.]

SAYINGS BANK COMMISSIONERS.

367

L y n n In stitu tio n for S av in g s — Concluded.
Total Am ount o f Loans, with Each Specified Rate o f Interest.
Amount.

$50,071
120,356
67,800
6,500
50,000

Rate.

61
79
00
00
00

2 per cent.
2i
“
“
«
31
“

3£
3.60

Amount.

$531,750
100,000
891,298
155,000
399,550

Rate.

00
00
60
00
00

3 | per cent.
H
“
4
«
H
“
H
“

Amount.

$18,500
967,835
189,625
57,425
900

Rate.

00
00
00
00
00

4 | per cent.
5
“
5è
6
7

$30,000 00
Amount invested in real estate for banking purposes,...................................
50.000 00
Estimated value of the s a m e , ......................................................................
30.000 00
Assessed value of the s a m e ,...............................................................................
Value, by books, of other real estate held or owned by foreclosure or
12,668 63
o th e r w ise ,.........................................................................................................
15.000 00
Assessed value of the s a m e ,...............................................................................
Number of loans which are of an amount not exceeding $3,000 each, 396
Aggregate amount of the same, .
.............................................................
586,737 00
Total number of loans upon real e s t a t e , ............................................509
Gross amount of interest or profits received, as per books, during year
ending Oct. 31, 1 9 0 5 ,.......................................................................................
267,979 79
Times when dividends are payable, as fixed by the by-laws: first day of
May and November. Deposits commence to draw interest: first day
of February, May, August and November.
Rate and amount of each semi-annual dividend f If per cent., $87,822 25
I 177,815 33
during the year ending Oct. 31, 1905,
.
1 1 | per cent., 89,993 08
Rate and amount of any extra dividend paid during the year ending
Oct. 31, 1 9 0 5 , ......................................................................
1^ per cent.
66,481 19
Number of accounts opened during the year ending Oct. 31, 1905,
2,149
Number of accounts closed during the year ending Oct. 31, 1905,
1,420
Total number of open accounts Oct. 31, 1905,
. . . .
14,770
Total expenses of the corporation for the year ending Oct. 31, 1905 (ex­
clusive of taxes),
.......................................................................................
10,561 28
Amount of deposits, not including dividends, received during the year
ending Oct 31, 1 9 0 5 ,........................................................................................ 1,088,000 00
Number of s a m e , ...............................................................................19,461
Amount of withdrawals, including dividends, during the year ending
987,503 39
Oct. 31, 1 9 0 5 , .................................................................................................
Number of s a m e , ...............................................................................13,820
Date of examination by commissioner: April 6.


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Federal Reserve Bank of St. Louis

368

REPORT OF THE

[Pub. Doc,

M A L D E N S A V IN G S B A N K — M A L D E N .

Incorporated April 2, 1860.
R o sw ell R . R o b in so n , President.
F r a n c is A . S h o v e , Treasurer.
F r ancis A. S h o v e , Clerk o f the Corporation.

Names of committee charged with the investment of its funds :
E ver ett J . S t e v e n s ,
J ohn P . H o l d e n ,
W m . G. A. T u r n e r ,

D a n ie l P. W i s e ,
A l l a n J. Ch a s e ,
R o sw ell R . R o b in so n .

Open for business every business day, 8 30 a . m . to 1 p . m . ; also Saturdays, for
deposits, 7 to 8.30 p . m .

B a l a n c e S h e e t Oct. 31, 1905.

A ssets.

Public funds, as per schedule, .
Bank stock, as per schedule,
Railroad bonds, as per schedule,
Street railway bonds, as per
schedule,...................................
Boston Terminal Co. bonds,
Real estate by foreclosure, etc.,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
( n o t e s ) , ...................................
Deposits in banks, on interest, .
Expense account,
Cash on hand, . . . .

L ia b il it ie s .

$617,810 00
27,100 00
490,570 00
49,500
50,000
14,745
2,216,338
1,616,783

00
00
50
00
33

250,921
64,168
1,178
2,716

00
58
74
77

$5,401,831 92

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

$5,096,273 61
167,000 00
9,059 28
129,499 03

$5,401,831 92

Cash on Deposit in Banks, amount in each : —
Boston Safe Deposit and Trust Company, B o s t o n , ................................... $5,000 00
Winthrop National Bank, B o s t o n , .............................................................
10,000 00
Lawrence National Bank, Lawrence,....................................................
.
14,805 91
First National Bank, M a l d e n , ......................................................................
34,362 67


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Federal Reserve Bank of St. Louis

No. 8.]

SAVINGS BANK COMMISSIONERS.

369

M a ld e n S a v in g s B a n k — Continued.
Detailed Statement o f Public Funds.
•

Par Value.

County of Berkshire, Mass., 4s,
City of Akron, Ohio, 4s, .
of Augusta, Me., 4s,
of Biddeford, Me., 4s,
of Boston, Mass., 3¿s,
of Brockton, Mass., 3¿s, .
of Brockton, Mass., 4s,
of Burlington, Vt., 4s,
of Cambridge, Mass., 3¿s,
of Cambridge, Mass., 4s, .
of Canton, Ohio, 3^s,
of Dayton, Ohio, 3¿s,
of Eastport, Me., 4s,
of Fall River, Mass., 6s, .
of Grand Rapids, Mich., 4£s, .
of Holyoke, Mass., 4s,
of Malden, Mass., 3¿s,
of Malden, Mass., 4s,
of Norwich, Conn., 3£s, .
of Portsmouth, N. H .,4 s ,.
of Quincy, Mass., 3£s,
of Quincy, Mass., 4s,
of Saginaw, Mich., 4s,
of Springfield, Ohio, 5s, .
of Taunton, Mass., 3és, .
of Youngstown, Ohio, 4¿s,
of Youngstown, Ohio, 5s,
Town of Belmont, Mass., 3£s,.
of Boothbay, Me., 4s,
of Bourne, Mass., 4s,
of Burrillville, R. I., 4s,
of Clinton, Mass., 4s,
of Ipswich, Mass., 4s, .
of Newmarket, N. H., 3£s,
of Old Orchard, Me., 4s,
of Revere, Mass., 3<|s, .
of Sharon, Mass., 4s,
of Stoughton, Mass., 4s,
of W altham, Mass., 4s, .
of Winchester, Mass., 4s,


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

$5,000
17,000
15,000
10,000
36,000
28,600
2,000
1,000
25,000
2,000
4,500
25,000
10,000
5,000
2,000
1.000
86,000
110,000
27,000
20,000
22,000
5,000
7,000
1,000
10,000
15,700
16,860
5,000
1,000
13,200
15,000
3,000
10,000
16,000
10,000
21,000
7,000
2,000
4,000
1,000

Estimated
Market Value.

$5,025 00
17,340 00
16,200 00
10,000 00
36,030 00
28,600 00
2,000 00
1,045 00
25,000 00
2,060 00
4,455 00
24,500 00
10,300 00
5,025 00
2,120 00
1,000 00
86,205 00
110,550 00
27,000 00
21,100 00
22,000 00
5,025 00
7,140 .00
1,160 00
10,000 00
16,600 00
17,400 00
5,000 00
1,030 00
13,748 00
15,250 00
3,150 00
10,650 00
16,000 00
10,400 00
21,000 00
7,350 00
2,120 00
4,080 00
1,000 00

Amount Invested.

$5,000
17,000
15,000
10,000
36,000
28,600
2,000
1,000
25,000
2,000
4,500
24,950
10,000
5,000
2,000
1,000
86,000
110,000
27,000
20,000
22,000
5,000
7,000
1,000
10,000
15,700
16,860
5,000
1,000
13,200
15,000
3,000
10,000
16,000
10,000
21,000
7,000
2,000
4,000
1,000

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

$617,860 $625,658 00 $617,810 00
Legal investments when made.

REPORT OF THE

370

[Pub. Doc

M a ld e n S a v in g s B a n k — Continued.

No. of
Shares.

Detailed Statement o f B ank Stocks.
Par Value.

23 Atlantic N at’l Bank, Boston, .
27 First National Bank, Boston, .
15 Freemans N at’l Bank, Boston,
30 Merchants Nat’l Bank, Boston,
13 N ’l B’k of Commerce, Boston,
73 N at’l Exchange Bank, Boston,
5 N at’l Rockland Bank, B oston,.
10 Old Boston N at’l B’k, Boston,
7 State National Bank, Boston, .
68 First National Bank, M alden,.

$2,300
2,700
1,500
3,000
1,300
7,300
500
1,000
700
6,800
$27,100

Estimated
Market Value.

$3,105
7,425
1,560
6,060
1,976
10,950
825
1,050
1,057
16,600

00
00
00
00
00
00
00
00
00
00

$50,608 00

Amount Invested.

$2,300
2,700
1,500
3,000
1,300
7,300
500
1,000
700
6,800

00
00
00
00
00
00
00
00
00
00

$27,100 00

Detailed Statement of Street Railway Bonds.
E s tim a te d
P a r V a lu e .
M a r k e t V a lu e .

Boston Consolidated Street Railway
Co. 5 s , .............................................
Holyoke Street Railway Co. 5s,
W est End Street Railway Co. 4s,
W est End Street Railway Co. 4£s, .

$500
4.000
42,000
3.000
$49,500

$505
4,360
43,760
3,180

00
00
00
00

$51,805 00

A m oun t In v este d .

$500
4.000
42,000
3.000

00
00
00
00

$49,500 00

Detailed Statement o f Railroad Bonds.
Par Value.

Albany & Susquehanna R R. 6s,
Beech Creek B.R. 4s,
Boston & Lowell R.R. 4s,
Boston & Maine R R. 3s, .
Boston & Maine R R. 3¿s,
Boston & Maine R R 4s,
Boston* W inthrop & Shore R R 5s,
Boyer Valley R.R. 3¿s,
Chic., Burlington, & Quincy R.R. 3¿s,
Chic., Burlington & Quincy R.R. 4s,
Chicago & Northwestern R.R 3¿s, .


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

$3,000
30,000
43,000
14,000
11,000
3,000
8,000
10,000
45,000
4,000
10,000

Estimated
Market Value.

$3,030
31,500
43,725
12,040
10,835
3,210
8,000
9,700
42,750
4,240
9,700

00
00
00
00
00
00
00
00
00
00
00

Amount Invested.

$3,000
30,000
43,000
13,300
11,000
3,000
8,000
10,000
45,000
4,000
9,725

00
00
00
00
00
00
00
00
00
00
00

No. 8.]

SAYINGS BANK COMMISSIONERS

371

M ald en S av in g s B a n k — Continued.
D e ta ile d S ta te m e n t o f R a ilr o a d B o n d s

Par Value.

Concord & Claremont R.R. 4^s,
Concord & Montreal R.R. 4s, .
Connecticut River R.R. 4s,
Dakota Central R.R. 6s, .
Eastern R.R. 6s,
. . .
Fitchburg R.R. 3ès, . . . .
Fitchburg R.R. 4s, .
Fitchburg R.R. 5s, . . . .
Illinois Central R.R. 3£s, .
Maine Central R R. 4s,
Michigan Central R.R. 3^s,
New York Central & Hudson River
R R. 3 < | s , ....................................
New York, New Haven & H artford
R.R. 3ès,
....................................
Old Colony R.R. 4 s,.
Portland & Ogdensburg R.R. 5s,
Portland & Rochester R.R. 4 s,.
Portsmouth, Great Falls & Conway
R.R. 4ès,
.
. . .
St. Jolm sbury & Lake Champlain
R.R. 5 s ,.............................................
W estern Pennsylvania R.R. 4s,
W orcester, Nashua & Roch. R.R. 4s,

f 14,000
30,000
2,000
14,000
10,000
15,000
1,000
20,000
30,000
11,000
15,000

— Concluded.

Estimated
Market Value.

$14,840
31,200
2,140
14,420
10,150
14,850
1,025
20,500
28,200
11,165
14,700

00
00
00
00
00
00
00
00
00
00
00

Amount Invested.

$14,000
30,000
2,000
14,000
10,000
15,000
1,000
20,000
29,195
11,000
14,850

00
00
00
00
00
00
00
00
00
00
00

25,000

24,625 00

50,000
10,000
1,000
4,000

48,000
10,550
1,030
4,000

15,000

17,250 00

15,000 00

10,000
10,000
25,000

12,400 00
10,400 00
26,500 00

10,000 00
10,000 00
25,000 00

00
00
00
00

24,500 00
50,000
10,000
1,000
4,000

00
00
00
00

$493,000 $496,675 00 $490,570 00

B o sto n T e r m in a l C o m p a n y B o n d s.

Par Value.

Boston Terminal Company 3és,

$50,000

Estimated
Market Value.

Amount Invested.

$55,500 00

$50,000 00

T o ta l A m o u n t o f L o a n s , w ith E a c h S p e c ified R a te o f I n te re st.

Rate.

Amount.

$39,362
14,805
10,000
20,000
15.000
25.000
55,471

67
91
00
00
00
00
00

2 per cent.
2i
3
“
3.35 “
3|
3.40 “
3£


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

Amount.

$12,000
100,000
380,500
50.000
712,283
45.000
395,400

Rate.

00
00
00
00
33
00
00

3.60 per cent.
3§
3|
31
4
»
4|
4j

“

Amount.

$50,000
237,800
25,000
1,336,895
216,625
407,068

Rate.

00
00
00
00
00
00

4§ per cent.
4é
“
4|
“
5
“
5è
“
6

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

No. 8.]

SAYINGS BANK COMMISSIONERS.

373

M A R B L E H E A D S A V IN G S B A N K — M A R B L E H E A D .

Incorporated March 18, 1871.
N a t h a n P. S a n b o r n , President.
W il l ia m F . N u t t in g , Treasurer.
J ohn G. B koughton , Clerk o f the Corporation.

Names of committee charged with the investment of its funds:
N athan P . Sanbo r n ,
E ver ett P a i n e ,
W il l ia m L. H ooper ,
F rank P . H am m ond,
J ohn L. G il b e r t .

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

B a l a n c e S h e e t O c t . 31, 1905.

A ssets.

Public funds, as per schedule, .
Bank stock, as per schedule,
Railroad bonds, as per schedule,
Street railway bonds, as per
schedule,...................................
Real estate by foreclosure, etc.,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
( n o t e s ) , ...................................
Loans on depositors’ books,
Deposit in bank, on interest,
Cash on hand, .
.
.
.

L ia b il it ie s .

$243,651 82
7,360 00
72,550 83
16,200
18,258
103,980
52,965

00
87
00
00

15,293
875
11,356
13

75
00
54
69

$542,505 50

Cash on Deposit in Bank: —
National Grand Bank, Marblehead,


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

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

$506,124 71
26,617 56
731 65
9,031 58

$542,505 50

$11,356 54

374

REPORT OF THE

[Pub. Doc.

M arb leh ead S a v in g s B an k — Continued.
D e ta ile d S ta te m e n t o f P u b lic F u n d s.

Par Value.

County of Aroostook, Me., 4£s,
City of Boston, Mass., 4s,
of Brockton, Mass., 3£s, .
of Hartford, Conn., 3s,
of Indianapolis, Ind,, 3és,
of Indianapolis, Ind., 4s, .
of Lawrence, Mass., 4s, .
of Milwaukee, Wis., 4s, .
of Newport, R. I., 3ès,
of Newton, Mass., 3ès,
of Newton, Mass., 4s,
of Newbury port, Mass., 3^s,
of Pittsfield, Mass., 3£s, .
of Portsmouth, N. IT., 4 s,.
of Somerville, Mass., 3£s,
Town of Ipswich, Mass., 4s,
of Marblehead, Mass., 4s,
of Revere, Mass., 3ès, .
of Stoneham, Mass., 3às,

.

$10,000
9,000
10,000
5,000
12,000
10,000
30,000
20,000
14,000
7,000
17,000
10,000
12,000
10,000
11,000
3,000
19,500
24,000
6,000

Estimated
Market Value.

$10,500
9,292
10,000
4,900
12,000
10,650
30,187
20,000
14,000
7,000
17,637
10,000
12,000
10,000
11,000
3,217
19,804
24,000
6,000

00
50
00
00
00
00
50
00
00
00
50
00
00
00
00
50
37
00
00

Amount Invested.

$10,000
9,450
10,212
4,956
12,030
10,000
30,800
20,250
14,210
7,122
17,935
10,062
12,144
10,000
11,027
3,300
20,003
24,076
6,071

00
00
50
25
00
00
00
00
00
50
00
50
60
00
50
00
16
56
25

$239,500 $242,189 37 $243,651 82

No. o f
Shares.

D e ta ile d S ta te m e n t o f B a n k S tocks.

Par Value.

25 Continental N ’l Bank, Boston,
20 Mt. Vernon N ’l Bank, Boston,
54 Marblehead National Bank,
Mar bl ehead, . . . .
38 National Grand Bank, M arble­
head, ....................................

Estimated
Market Value.

Amount Invested

$2,000

$125 00
1,700 00

$1,400 00

5,400

2,700 00

2,160 00

3,800

4,180 00

3,800 00

$11,200

$8,705 00

$7,360 00

D e ta ile d S ta te m e n t o f S tre e t R a i lw a y B o n d s.

Par Value.

N aum keag Street Railway Co. 5s, .


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

*

$15,000

Estimated
Market Value.

Amount Invested.

$15,525 00

$16,200 00*

A legal investment when made.

No. 8.]

375

SAYINGS BANK COMMISSIONERS.
M arb leh ead S av in g s B an k — Concluded.
D e ta ile d S ta te m e n t o f R a ilr o a d B o n d s.

Par Value.

Boston & Lowell R.R. 4s,
Chic., Burlington & Quincy R.R. 3^s,
Eastern R.R. 6s,
. . .
Fitchburg R.R. 5s, .
Illinois Central R R 3£s, .
Kansas City, St. Joseph & Council
Bluffs R.R. 7s,
. . .
Maine Central R.R. 4£s, .
New York, New Haven & Hartford
R.R. 4 s ,.............................................
Sioux City & Pacific R.R. 3£s,.
Upper Coos R.R. 4s,
. . .
Upper Coos R.R. 4£s,

$10,000
5,000
5,000
11,000
8,000
5,000
10,000
5,000
3,000
5,000
5,000
$72,000

Estimated
Market Value.

$10,025
4,775
5,075
11,275
7,540

00
00
00
00
00

Amount Invested.

$10,000
4,850
5,000
11,000
7,038

5,550 00
10,000 00

5,137 50
10,425 00
5,075
2,887
5,100
5,500

5,187
2,925
5,000
6,000

00
50
00
00

$72,815 00

00
00
00
00
33

50
00
00
00

$72,550 83

T o ta l A m o u n t o f L o a n s , w ith E a c h S p e c ifie d R a te o f I n te r e s t.

Itate.

Amount.

$11,356 54
25,293 75

2 per cent.
4
“

Amount.

$27,100 00
56,065 00

Kate.

4£ per cent.
5
“

Amount.

Kate.

$8,970 00 5£ per cent.
55,685 00 6

Value, by books, of real estate held or owned by foreclosure or otherwise,
Assessed value of the s a m e ,...............................................................................
Number of loans which are of an amount not exceeding $3,000 each, 85
Aggregate amount of the s a m e , ......................................................................
Total number of loans upon real e s t a t e , ............................................91
Gross amount of interest or profits received, as per books, during year
ending Oct. 31, 1 9 0 5 ,.......................................................................................
Times when dividends are payable, as fixed by the by-laws : first day of
May and November. Deposits commence to draw interest: first day
of February, May, August and November.
Total number of open accounts Oct. 31, 1905,
. . . .
2,005
Total expenses of the corporation for the year ending Oct. 31, 1905 (ex­
clusive of taxes),
.......................................................................................
Date of examination by commissioner : March 10.

$18,258 87
24,100 00
57,475 00

22,261 18

1,019 89

The affairs of this bank are still subject to the temporary injunction of June 22,
1904.


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

REPORT OF THE

376

[Pub. Doc.

M A R L B O R O U G H S A V IN G S B A N K — M A R L B O R O U G H .

Incorporated April 3, 1860.
W il l ia m D. B u r d e t t , President.
Ch a r l e s F. H olyoke , Treasurer.
C h a r l e s F . H o lyoke , Clerk o f the Corporation.

Names of committee charged with the investment of its funds :
W il l ia m D. B u r d e t t ,
W a l t e r P. F r y e ,
B e n ja m in F . G r e e l e y ,
W a l t e r B . M o r se ,
L ouis P. H o w e .

Open for business every business day except Saturdays, 9
days, 9 a . m . to 12.30 P.M.

a .m .

to 3

p . m .;

Satur­

B a l a n c e S h e e t O ct . 31, 1905.

A ssets.

Public funds, as per schedule, .
Bank stock, as per schedule,
Loan on bank stock, .
Railroad bonds, as per schedule,
Loan on railroad bonds,
Boston Terminal Co. bonds,
Real estate (for banking pur­
poses), ...................................
Real estate by foreclosure, etc.,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
(notes)........................................
Deposits in banks, on interest, .
Expense account,
Tax account,
. . . .
Cash on hand, . . . .

L ia b il it ie s .

$400,792
85,220
18,000
531,587
3,000
80,000

50
00
00
50
00
00

49.000
75,755
847,479
117,549

00
28
00
30

48.000
49,974
5,266
2,811
6,366

00
73
92
74
18

$2,320,803 15

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

$2,147,286 87
114,617 19
20,219 39
38,679 70

$2,320,803 15

Cash on Deposit in Banks, amount in each : —
First National Bank, M arlb orou gh ,............................................................. $25,202 95
Peoples National Bank, M a r l b o r o u g h ,....................................................
24,771 78


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

No. 8.]

SAVINGS BANK COMMISSIONERS.

377

M arlborough. S a v in g s B a n k — Continued.
Loan on Bank Stock : —
151 shares Peoples National Bank, Marlborough,
34 shares First National Bank, Marlborough, .

‘I

Loan on Railroad Bonds: —
$2,000 Kansas City, St. Joseph & Council Bluffs R.R. 7s,
10 shares First National Bank, Marlborough, .
10 shares Peoples National Bank, Marlborough,

$18,000 00

$3,000 00

D e ta ile d S ta te m e n t o f P u b lic F u n d s .

Par Value.

City of Boston, Mass., 4s,
of Brockton, Mass., 4s,
of Cambridge, Mass., 4s, .
of Chicago, 111., 4s, .
of Chicopee, Mass., 4s,
of Dayton, Ohio, 5 s,.
of Fitchburg, Mass., 4s, .
of Holyoke, Mass., 4s,
of Kansas City, Mo., 4s, .
of Keene, N. H., 4s, .
of Lawrence, Mass., 4s, .
of Lewiston, Me., 5s,
of Malden, Mass., 4s,
of Marlborough, Mass., 4s,
of Medford, Mass., 4s,
of Melrose, Mass., 4s,
of New Bedford, Mass., 4s,
of Newton, Mass., 4s,
of Newton, Mass., 5s,
of Pawtucket, R. I., 4s, .
of W aterbury, Conn., 4 s ,.
of W orcester, Mass., 4s, .
Town of Arlington, Mass., 4 s ,.
of Athol, Mass., 4s,
of Attleborough, Mass., 4s, .
of Clinton, Mass., 4s,
of Gt. Barrington, Mass., 4 s ,.
of Leominster, Mass., 4s,
of Milton, Mass., 3£s,
of Peabody, Mass., 4s, .
of Wakefield, Mass., 4 s,.
of W ellesley, Mass., 4 s,.
of Weymouth, Mass., 4s,
of Winchester, Mass., 4s,


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

Estimated
Market Value.

$25,000
15,000
5,000
20,000
15,000
10,000
20,000
15,000
35,000
5,000
20,000
7,000
10,000
20,000
5,000
10,000
10,000
18,000
2,000
3,000
5,000
5,000
17,000
5,000
10,000
9,000
5,000
15,000
5,000
15,000
10,000
5,000
8,000
15,000

$26,050
16,050
5,375
20,600
15,750
11,150
21,300
15,600
36,575
5,000
20,500
8,015
10,350
20,600
5,225
10,700
10,800
19,155
2,000
3,015
5,200
5,350
18,120
5,350
10,400
9,250
5,300
16,050
5,000
15,900
10,160
5,025
8,420
15,125

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

Amount Invested.

$25,000
15,000
5,000
20,000
15,000
11,142
20,000
15,000
35,650
5,000
20,000
7,000
10,000
20,000
5,000
10,000
10,000
18,000
2,000
3,000
5,000
5,000
17,000
5,000
10,000
9,000
5,000
15,000
5,000
15,000
10,000
5,000
8,000
15,000

00
00
00
00
00
50
00
00
00
00
00
00
00
00
00
00
00
00
00
00*
00
00
00
00
00
00
00
00
00
00
00
00
00
00

$399,000 $418,460 00 $400,792 50
*

A legal investment when made.

REPOET OF THE

378

[Pub. Doc.

M arlb orou gh S a v in g s B an k — Continued.

No. of
Shares.

D e ta ile d S ta te m e n t o f B a n k S tocks.

12
94
45
70
46
12
5
50
15
50
125
25
8
60
52
50
30
15
97
100
14
8

Par Value.

Boylston N at’l Bank, Boston, .
Continental N’l Bank., Boston,
Eliot National Bank, Boston, .
Faneuil Hall N’l Bank, Boston,
F irst National Bank, Boston, .
Fourth N at’l Bank, Boston,
Mechanics N’l Bank, Boston, .
Merchants N at’l Bank, Boston,
N ’l B’k of Commerce, Boston,
N ’l B’ko f the Republic, Boston,
N at’l Shawmut Bank, Boston,
National Union Bank, Boston,
Second National Bank, Boston,
State National Bank, Boston, .
Tremont N at’l Bank, Boston, .
W ebster and Atlas N at’l Bank,
Bos t on, .
.
.
.
.
W inthrop N at’l Bank, Boston,
F irst National Bank, Clinton, .
First N at’l Bank, Marlborough,
Peoples National Bank, Marl­
borough,
. . . .
Newton Nat’l Bank, Newton, .
City N at’l Bank, Worcester, .

$1,200
-

4,500
7,000
4,600
1,200
_

5,000
1,500
5,000
12,500
2,500
800
6,000
1,820
5,000
3,000
1,500
9,700
10,000
1,400
-

Estimated
Market Value.

$1,200
470
9,000
9,170
12,650
1,668
75
10,100
2,280
8,100
32,500
4,500
1,704
9,060

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

7,100
6,000
1,875
11,640

00
00
00
00

Amount Invested.

$1,200 00
-

4,500
7,000
4,600
1,200

00
00
00
00

-

5,000
1,500
5,000
13,500
2,500
800
6,000
1,820

00
00
00
00
00
00
00
00

5,000
3,000
1,500
9,700

00
00
00
00

12,000 00
1,260 00
80 00

10,000 00
1,400 00
-

$84,220 $142,432 00

$85,220 00

D e ta ile d S ta te m e n t o f R a ilr o a d B o n d s.

Par Value.

Albany & Susquehanna R.R. 6s,
Beech Creek R.R. 4s,
Boston & Albany R.R. 3¿s,
Boston & Albany R.R. 4s,
Boston & Lowell R.R. 4s,
Boston & Maine R.R. 3¿s,
Boston & Maine R.R. 4s, .
Boston & Providence R.R, 4s, .
Chic., Burlington & Quincy R.R. 3^s,
Chic., Burlington & Quincy R.R. 4s,
Concord & Montreal R.R. 4s, .
Fitchburg R.R, 3¿s, . . . .
Fitchburg R.R. 4s, .
Illinois Central R.R. 3s, .


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

$10,000
20,000
20,000
20,000
15,000
15,000
15,000
5,000
50,000
10,000
10,000
10,000
20,000
10,000

Estimated
Market Value.

$10,100
21,100
20,000
20,600
15,025
14,775
16,125
5,250
47,500
10,600
10,400
9,900
21,000
8,450

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

Amount Invested.

$10,000
20,000
20,000
20,000
15,000
15,000
15,000
5,000
48,950
10,000
10,000
10,000
20,000
8,850

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

No. 8.]

379

SAVINGS BANK COMMISSIONERS.
M arlb orou gh S av in g s B a n k — Continued.
D e ta ile d S ta te m e n t o f R a ilr o a d B o n d s

Illinois Central R.R. 3£s,.
Illinois Central R.R. 4s, .
Maine Central R.R. 4£s, .
New York, New Haven & Hartford
R.R. 3 £ s , ....................................
New York, New Haven & Hartford
R.R. 4 s ,.............................................
Old Colony R.R. 3ès,
Old Colony R.R. 4s, .
Penobscot Shore Line R.R. 4s,
Peoria & Northwestern R.R. 3ès,
Pittsburgh, Virginia & Charleston
R.R. 4 s ,.............................................
Providence & W orcester R.R. 4s, .
Upper Coos R.R. 4£s,
Washington County R.R. 3és, .
Worcester, Nashua & Roch. R.R. 4s,

— Concluded.

Par Value.

Estimated
Market Value.

Amount Invested.

$35,000
30,000
5,000

$32,900 00
31,500 00
5,075 00

$35,000 00
30,000 00
5,000 00

20,000

19,200 00

20,000 00

45,000
10,000
45,000
5,000
25,000

47,650
9,900
48,050
5,100
24,250

00
00
00
00
00

45,000
10,000
45,000
5,000
24,375

00
00
00
00
00

30,000
20,000
15,000
10,000
10,000

32,400
21,600
16,575
9,500
10,200

00
00
00
00
00

30,000
20,000
15,000
9,412
10,000

00
00
00
50
00

$535,000 $544,725 00 $531,587 50

B o sto n T e r m in a l C o m p a n y B o n d s.

Par Value.

$80,000

Boston Term inal Company 3és,

Estimated
Market Value.

Amount Invested.

$88,800 00

$80,000 00

T o ta l A m o u n t o f L o a n s , w ith E a c h S p e c ified R a te o f I n te re st.

Kate.

Amount.

$49,974
25,000
7,000
3,500

73
00
00
00

2 per cent.
H
“
m
;; ■


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

Kate.

Amount.

Kate.

4 per cent.
4i
“

$264,150 00
11,650 00
315,552 00

5 per cent.
5h
“
6

Amount.

$271,399
28,000
102,777
5,000

30
00
00
00

4*

4|

“

“

380

REPORT OF THE

[Pub. Doc.

M arlb orou gh S a v in g s B a n k — Concluded.
Amount invested in real estate for banking purposes,................................... $49,000 00
Estimated value of the s a m e , ................................... ........
.
.
.
49,000 00
Assessed value of the same..................................................................................
41,065 00
Value, by books, of other real estate held or owned by foreclosure or
o th e r w is e ,............................................
............................................
75,755 28
Assessed value of the s a m e ,...............................................................................
91,080 00
Net income received from same during the year ending Oct. 31, 1905,
.
498 30
Number of loans which are of an amount not exceeding $3,000 each, 486
Aggregate amount of the s a m e , ......................................................................
460,772 00
Total number of loans upon real e s t a t e , ............................................ 527 .
Gross amount of interest or profits received, as per books, during year
ending Oct. 31, 1905, ...................................................................... •
94,281 54
Times when dividends are payable, as fixed by the by-laws : third Wednes­
day of January and July. Deposits commence to draw interest: third
Wednesday of January, April, July and October.
Rate and amount of each semi-annual dividend j If per cent., $34,677 13 1
^
during the year ending Oct. 31,1905,
.
l If per cent., 35,512 50 i
’
Number of accounts opened during the year ending Oct. 31, 1905, . 962
Number of accounts closed during the year ending Oct. 31, 1905,
. 623
Total number of open accounts Oct. 31, 1905,
. . . .
7,134
Total expenses of the corporation for the year ending Oct. 31, 1905 (ex­
clusive of taxes).................................................................................................
6,226 79
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 5 ,.......................................................................................
359,870 40
Number of same....................................................................................6,069
Amount of withdrawals, including dividends, during the year ending
Oct. 3 1 , 1 9 0 5 , ................................................................................................
338,640 55
Number of same....................................................................................3,837
Date of examination by commissioner: February 20.


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Federal Reserve Bank of St. Louis

No. 8.]

SAYINGS BANK COMMISSIONERS.

381

M E C H A N IC S ’ S A V IN G S B A N K — H O L Y O K E .

Incorporated March 16, 1872.
L em u e l S e a r s , President.
C h a r l e s B. P rescott , Treasurer.
E d w a r d W . C h a p in , Clerk o f the Corporation.

Names of committee charged with the investment of its funds :
L em uel S e a r s ,
H e n r y E . Ga y l o r d ,
H ubbell P . T err y,
J oel S. W e b b -e r ,
H e n r y G. S e a r s .

Open for business every business day except Saturdays, 9 a .m . to 4 p . m .; Saturdays,
9 a . m . to 12 m . ; also Thursdays, 7 to 8 p . m .

B a la n c e S h e e t O ct . 31, 1905.

A ssets.

Bank stock, as per schedule,
Loans on bank stock,
Stocks, bonds, etc., taken to
secure indebtedness,
Heal estate by foreclosure, etc.,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
( n o t e s ) ,...................................
Deposits in banks, on interest, .
Expense account,
Furniture and fixtures,
Cash on hand, . . . .

L ia b il it ie s .

$98,107 00
14,700 00
6,000
13,219
1,316,481
427,832

00
78
50
74

9,597
179,806
4,169
500
4,053

43
17
33
00
76

$2,074,467 71

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

$1,895,708 45
66,269 00
93,125 20
19,168 71
196 35

$2,074,467 71

Cash on Deposit in Banks, amount in each : —
City National Bank, H o l y o k e , ...................................................................... $79,686 05
Hadley Falls National Bank, H o l y o k e , ....................................................
50,000
Holyoke National Bank, Holyoke....................................................................
20,000
Home National Bank, H olyoke,......................................................................
30,000
Pynchon National Bank, Springfield (in liquidation),
.
.
.
.
120


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Federal Reserve Bank of St. Louis

00
00
00
12

REPORT OF THE

382

[Pub. Doc.

M e c h a n ic s’ S av in g s B a n k , H o ly o k e — Continued.
Loans on Bank Stock, amount on each : —
23 shares Park National Bank, H o ly o k e ,.....................................................$2,000 00
10 shares City National Bank, Holyoke..........................................................
900 00
5 shares Home National Bank, H olyok e,....................................................
400 00
10 shares Home National Bank, H oly o k e,.................................................... 1
15 shares City National Bank, H o l y o k e , .....................................................t
4,900 00
25 shares Springfield Safe Deposit and Trust Company, Springfield,
.
25 shares Springfield Safe Deposit and Trust Company, Springfield,
.
2,500 00
4,000 00
44 shares City National Bank, Holyoke, .....................................................

J

No. of
Shares.

D e ta ile d S ta te m e n t o f B a n k S to ck s.

Par Value.

11 First National Bank, Boston, .
393 City National Bank, H olyoke,.
249 Hadley Falls NT B’k, Holyoke,
3 Holyoke N at’l Bank, Holyoke,
50 Home National Bank, Holyoke,
20 First Nat’l Bank, Springfield,.
50 T hird Nat’l Bank, Springfield,

$1,100
39,300
24,900
300
5,000
2,000
5,000
$77,600

Estimated
Market Value.

$3,025
45,195
34,362
510
6,000
2,300
10,500

Amount Invested.

00
00
00
00
00
00
00

$101,892 00

$630
44,104
36,444
348
5,500
2,580
8,500

50
00
50
00
00
00
00

$98,107 00

T o ta l A m o u n t o f L o a n s , w ith E a c h S p e c ified R a te o f In te r e s t.

Amount.
$100,000 00
79,686 05

Kate.

3 per cent.
“

3è

Amount.
$120 12
771,610 43

Kate.

Amount.

4 per cent.
“

$994,526 24
2,475 00

4*

Rate.

5 per cent.

6

"Value, by books, of real estate held or owned by foreclosure or otherwise,
$13,219 78
Assessed value of the s a m e ,...............................................................................
14,830 00
Number of loans which are of an amount not exceeding $3,000 each, 348
Aggregate amount of the same............................................................................
542,624 03
Total number of loans upon real e s t a t e , ............................................406
Gross amount of interest or profits received, as per books, during year
ending Oct. 31, 1 9 0 5 ,.......................................................................................
88,167 81
Times when dividends are payable, as fixed by the by-laws : after second
Monday of May and November. Deposits commence to draw interest:
first day of February, May, August and November.
Rate and amount of each semi-annual dividend f 1| per cent., $29,159 10 )
59,632 08
during the year ending Oct. 31, 1905,
.
1 If per cen t, 30,472 98 i
Number of accounts opened during the year ending Oct. 31, 1905, . 802
Number of accounts closed during the year ending Oct. 31, 1905,
. 626
Total number of open accounts Oct. 31,1905,
. . . .
4,193


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Federal Reserve Bank of St. Louis

No. 8.]

SAYINGS BANK COMMISSIONERS.

383

M e c h a n ic s’ S a v in g s B an k , H o ly o k e — Concluded.
Total expenses of the corporation for the year ending Oct. 31, 1905 (ex­
clusive of taxes),
.
.....................................................$8,275 58
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1905...........................................................................................
425,716 81
Number of same, .
.
.............................................................. 6,552
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 9 0 5 , ................................................................................................
351,697 55
Number of s a m e , ...............................................................................3,801
Date of examination by commissioner : October 3.


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Federal Reserve Bank of St. Louis

384

[Pub. Doc.

REPORT OF THE

M E C H A N IC S ’ S A V IN G S B A N K — L O W E L L .

Incorporated March 1, 1861.
C h a r l e s L. H il d r e t h , President.
Ch a r l e s C. H u t c h in so n , Treasurer.
C h a r l e s C. H u t c h in so n , Clerk of the Corporation.

Names of committee charged with the investment of its funds:
C h a r le s C. H u t c h in so n ,
J acob R o g ers ,
Cl a r en c e H . N e l so n ,
W a l t e r L. P a r k e r ,
H a v e n C. P e r h a m .

Open for business every business day, 9 a . m . to 1 p

.m .

; also Saturdays, 7 to 9 p . m

.

B a la n c e S h e e t O c t . 31, 1905.

A ssets.

Public funds, as per schedule, .
Bank stock, as per schedule.
Railroad bonds, as per schedule,
Street railway bonds, as per
schedule,...................................
Real estate (for banking pur­
poses), ...................................
Real estate by foreclosure, e tc .,.
Loans on real estate, .
Loans on personal security,
Deposits in banks, on interest, .
Expense account,
Tax account,
. . . .
Suspense account,
Cash on hand, . . . .

L ia b il it ie s .

$453,000 00
20,400 00
456,250 00
25.000 00
74.000
40,975
1,142,704
908,112
35,165
3,450
1,235
3,514
9,403

$2,975,880
151,000
8,218
6,970
31,141

24
00
10
87
24

00
00
23
50
65
78
20
05
04

.$3,173,210 45

Cash on Deposit in Banks, amount in each : —
State National Bank, Boston,
.
Union National Bank, Lowell, .


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Federal Reserve Bank of St. Louis

Deposits, .
Guaranty fund,
Interest account,
Rent account, .
Premium account, .

$3,173,210 45

$2,905 58
32,260 07

No. 8.]

SAVINGS BANK COMMISSIONERS.

385

M e c h a n ic s’ S av in g s B an k , L o w e ll — Continued.
Detailed Statement o f Public Funds.
Par Value.

City of Allegheny, Pa., 3£s,
of Boston, Mass., 3£s,
of Boston, Mass., 4s,
of Cambridge, Mass., 3£s,
of Chicago, 111., 4s, .
of Concord, N. H , 4s,
of Lowell, Mass., 4s,
of Lynn, Mass., 4s, .
of Marlborough, Mass., 4s,
of Milwaukee, Wis., 5s, .
of Newton, Mass., 4s,
of Providence, R. I., 4s, .
of Waltham, Mass., 4s,
of W aterbury, Conn., 4s, .
Town of Arlington, Mass , 4s, .
of Peabody, Mass., 3£s, .
of Peabody, Mass., 4s, .
of Wakefield, Mass., 4s,

$40,000
50,000
30,000
75,000
25,000
10,000
16,000
10,000
20,000
3,000
10,000
20,000
10,000
25,000
20,000
20,000
38,000
31,000

Estimated
Market Value.

$40,000
50,250
30,900
75,750
25,750
10,600
16,960
10,250
21,300
3,000
10,300
21,500
10,300
26,250
20,700
20,000
39,520
33,790

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

Amount Invested.

$40,000
50,000
30,000
75,000
25,000
10,000
16,000
10,000
20,000
3,000
10,000
20,000
10,000
25,000
20,000
20,000
38,000
31,000

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

$453,000 $467,120 00 $453,000 00

No. of
Shares.

Detailed Statement o f Bank Stocks.
Par Value.

10 Mt. Vernon N’l Bank, Boston,
105 New England N ’l B’k, Boston,
39 Union N at’l Bank, Lowell,

Estimated
Market Value.

Amount Invested.

$1,000
10,500
3,900

$850 00
14,490 00
6,240 00

$1,000 00
15,500 00
3,900 00

$15,400

$21,580 00

$20,400 00

Detailed Statement o f Street Railway Bonds.
Par Value.

W est End Street Railway Co. 4s,


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

.

$25,000

Estimated
Market Value.

Amount Invested.

$26,375 00

$25,000 00

[Pub. Doc.

REPORT OF THE

386

M e ch a n ics’ S a v in g s B a n k , L o w e ll — Continued.
Detailed Statement o f Railroad Bonds.
Par Value.

Chic., Burlington & Quincy R.R. 3£s,
Chic., Burlington & Quincy R.R. 4s,
Concord & Montreal R.R. 4s, .
Fitchburg R.R. 4s, .
Illinois Central R.R. 3s, .
Illinois Central R.R. 4s, .
Maine Central R.R. 4s,
Maine Central R.R. 4¿s, .
New England R.R. 4s,
New York Central & Hudson River
R .R .3£s...................................
New York, New Haven & H artford
R.R. 3 £ s , ....................................
New York, New Haven & H artford
R.R. 4 s ,.............................................
Old Colony R.R. 4s, .

$25,000
50,000
50,000
25,000
25,000
25,000
25,000
25,000
25,000

Estimated
Market Value.

$23,875
53,375
52,000
25,562
21,000
26,375
25,375
26,125
27,000

00
00
00
50
00
00
00
00
00

Amount Invested.

$25,000
50,000
50,000
25,000
22,500
25,000
25,000
25,000
25,000

00
00
00
00
00
00
00
00
00

25,000

24,625 00

23,750 00

50,000

48,000 00

50,000 00

80,000
30,(00

84,825 00
31,800 00

80,000 00
30,000 00

$460,000 $469,937 50 $456,250 00

Total Amount o f Loans, with Each Specified Rate o f Interest.
Amount.

$35,165 65
822,387 50
142,000 00

Kate.

Amount.

Kate.

2 per cent.
4
“
4\

$316,675 00
758,654 23

4£ per cent.
5
“

Amount.

$750 00
10,350 00

Kate.

5£ per cent.
6
«

Amount invested in real estate for banking purposes,................................... $74,000 00
Estimated value of the s a m e , ......................................................................
78,000 00
Assessed value of the s a m e ,...............................................................................
61,000 00
Net income received from same during year ending Oct. 31, 1905, .
.
1,213 18
Value, by books, of other real estate held or owned by foreclosure or
o th e r w is e ,.......................................................................................
40,975
00
Assessed value of the s a m e ,.............................................................
63,400
00
Net income received from same during the yearending Oct. 31, 1905,
.
849 01
Number of loans which are of an amount notexceeding $3,000 each, 433
Aggregate amount of the s a m e , ....................................................
488,648
00
Total number of loans upon real e s t a t e , ............................................514
Gross amount of interest or profits received, as per books, during year
ending Oct. 31, 1905...........................................................................................
123,909 54
Times when dividends are payable, as fixed by the by-laws : on the Mon­
day following the first Saturday of June and December. Deposits com­
mence to draw interest: first Saturday of March, June, September and
December.


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Federal Reserve Bank of St. Louis

No. 8.]

SAYINGS BANK COMMISSIONERS.

387

M e ch a n ics’ S a v in g s B a n k , L o w e ll — Concluded.
Rate and amount of each semi-annual dividend f 2per cent.,
$55,350 18 )
$105,184
during the year ending Oct. 31, 1905,
1 1| per cent.,
49,834 25 )
Number of accounts opened during the year ending Oct. 31, 1905, . 558
Number of accounts closed during the year ending Oct. 31, 1905,
. 446
Total number of open accounts Oct. 31, 1905,
. . . .
5,449
Total expenses of the corporation for the year ending Oct. 31, 1905 (ex­
clusive of taxes)..................................................................................................
9,415
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1905.............................. •
....................................................
369,796
Number of s a m e , ....................................................................................... 3,674
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1905.........................................................................................................
342,403
Number of s a m e , ........................................................................................3,736
Date of examination by commissioner : September 11.


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Federal Reserve Bank of St. Louis

43

14
21

07

388

REPORT OF THE

[Pub. Doc.

M E C H A N IC S ’ S A V IN G S B A N K — R E A D IN G .

Incorporated March 20, 1891.
E d w a r d H . P a l m e r , President.
L e w is M . B ancro ft , Treasurer.
E d g a r N . H u n t , Clerk o f the Corporation.

Names of committee charged with the investment of its funds :
E d w a r d H. P a l m e r ,
E d w a r d F. P a r k e r ,
M oses E . N ic h o l s .

Open for business every business day except Saturdays, 8.30 to 11 a .m . ; 2.30 to 4 p .m . ;
Saturdays, 8.30 a . m . to 12 m .

B a la n c e S h e e t O c t .

81, 1905.

A ssets.

Public funds, as per schedule, .
Bank stock, as per schedule,
Railroad bonds, as per schedule,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
( n o t e s ) , ...................................
Deposit in bank, on interest,
Furniture and fixtures,
Cash on hand, . . . .

L ia b il it ie s .

$13,750
2,100
56,321
110,845
28,386

00
00
88
00
72

55,100
9,811
500
2,546

00
16
00
73

Deposits, .
Guaranty fund,
Interest account,

$279,361 49

$267,303 00
4,129 54
7,928 95

$279,361 49

Cash on Deposit in Bank: —
First National Bank, R e a d in g ,...................................................................... $9,811 16

Detailed Statement o f Public Funds.
Par Value.

Town of Reading, Mass., 4s, .


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Federal Reserve Bank of St. Louis

$13,000

Estimated
Market Value.

Amount Invested.

$13,948 75

$13,750 00

389

SAYINGS BANK COMMISSIONERS.

No. 8.]

M e c h a n ic s’ S av in g s B a n k , R ea d in g — Continued.
Detailed Statement o f B ank Stocks.
O CD
ci

*

21

First National Bank, Reading,

Par Value.

Estimated
Market Value.

$2,100

$1,890 00

Amount Invested.

$2,100 00

Detailed Statement o f Railroad Bonds.
Par Value.

Chic., Burlington & Quincy R.R. 3¿s,
Fitchburg R.R. 4s,
. . .
Illinois Central R.R. 3s, .
Maine Central R.R. 4s,
Maine Central R.R. 4<£s, .
New York, New Haven & Hartford
R.R. 4 s ,.............................................
Penobscot Shore Line R.R. 4s,.
Peoria & Northwestern R.R. 3ès,
Sioux City & Pacific R.R. 3 ès,.
Upper Coos R.R. 4s,
. . .

Estimated
Market Value.

Amount Invested.

$12,000
5,000
10,000
2,000
1,000

$11,520
5,175
8,450
2,042
1,047

00
00
00
50
50

$11,597
5,000
9,050
2,000
1,000

50
00
00
00
00

15,000
1,000
5,000
5,000
1,000

16,050
1,040
4,862
4,850
1,040

00
00
50
00
00

16,087
1,000
4,871
4,715
1,000

50
00
88
00
00

$57,000

$56,077 50

$56,321 88

Total Am ount o f Loans, with Each Specified Rate o f Interest.
Amount.

$9,811 16
51,700 00

Rate.

2 per cent.
H
“

Amount.

$4,600 00
99,335 00

Rate.

4 per cent.
5
“

Amount.

$4,850 00
33,846 72

Rate.

5A per cent.
6

Number of loans which are of an amount not exceeding $3,000 each, 112
Aggregate amount of the s a m e , ................................... ........
.
.
. $125,931 72
Total number of loans upon real e s t a t e , ............................................ 81
Gross amount of interest or profits received, as per books, during year
ending Oct. 31, 1 9 0 5 ,.......................................................................................
11,432 32
Times when dividends are payable, as fixed by the by-laws: second Satur­
day of June and December. Deposits commence to draw interest: first
Saturday of March, June, September and December.
Rate and amount of each semi-annual dividend J 1| per cent., $3,846 52 )
j gg^ gg
during the year ending Oct. 31, 1905,
.
i lg per cent.,
4,045 17 )
Number of accounts opened during the year ending Oct. 31, 1905, . 256
Number of accounts closed during the year ending Oct. 31, 1905,
. 162
Total number of open accounts Oct. 31, 1905,
. . . .
1,300


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Federal Reserve Bank of St. Louis

390

REPORT OF THE

[Pub. Doc.

M e ch a n ics’ S a v in g s B a n k , R ea d in g — Concluded.
Total expenses oi the corporation for the year ending Oct. 31,1905 (ex­
clusive of taxes)
....................................................................................... $674 04
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1905...........................................................................................
81,779 04
Number of same....................................................................................1,566
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 9 0 5 , ................................................................................................
61,912 76
Number of same....................................................................................1,299
Date of examination by commissioner : September 19.


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Federal Reserve Bank of St. Louis

No. 8.]

SAYINGS BANK COMMISSIONERS.

391

■f

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

Incorporated Feb. 26, 1869.
D a n ie l A . G l e a so n , President.
C h a r l e s B. B u s s , Treasurer.
J G il m a n W a it e , Clerk o f the Corporation.

.

Names of committee charged with the investment of its funds :
D a n ie l A . G leaso n ,
F r a n k E . Ch a n d l e r ,
E d w a r d S. R a n d a l l ,
E dw ard F . A ll en ,
Ch a r l e s H . P a r k e r .

Open for business every business day, 8 to 11 a .m . ; 3 to 6 p . m . ; also Saturdays,
7 to 9 p .m .

B a la n c e S h e e t O ct . 31, 1905.

A ssets.

Public funds, as per schedule, .
Bank stock, as per schedule,
Railroad bonds, as per schedule,
Street railway bonds, as per
schedule,...................................
Real estate (for banking pur­
poses),
...................................
Real estate by foreclosure, etc.,.
Loans on real estate, .
Loans on personal security,
Deposits in banks, on interest, .
Cash on hand, .
.
.
.

L ia b il it ie s .

$122,000 00
80,350 00
630,727 00
76,166 00
20,000
21,652
1,048,164
505,048
62,853
4,263

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

$2,420,009 11
91,000 00
51,204 11
9,011 70

00
46
72
60
11
03

$2,571,224 92

$2,571,224 92

Cash on Deposit in Banks, amount in each : —
National Bank of Commerce, B o s t o n , .....................................................$38,086 70
National Exchange Bank, Boston.....................................................................
20,471 36
Medford National Bank, M e d f o r d ,..............................................................
4,295 05


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

392

REPORT OF THE

[Pub. Doc.

M edford S a v in g s B a n k — Continued.
Detailed Statement o f Public Funds.
Par Value.

Massachusetts 3£s...............................
City of Beverty, Mass., 4s,
of Fall River, Mass., 6s, .
of Medford, Mass., 4s,
of Providence, R. I., 4s, .
of Youngstown, Ohio, 5s,
Town of Aldington, Mass., 4 s ,.
of Wellesley, Mass., 4 s,.

Estimated
Market Value.

$30,000
15,000
3,000
20,000
25,000
13,000
5,000
15,000

$30,900
15,600
3,060
21,000
26,750
13,165
5,150
15,600

00
00
00
00
00
00
00
00

Amount Invested.

$26,000
15,000
3,000
20,000
25,000
13,000
5,000
15,000

00
00
00
00
00
00
00
00

$126,000 $131,225 00 $122,000 00

No. of
Shares.

Detailed Statement o f Bank Stocks.

10
50
80
25
100
55
70
75
80
75
12

•

Par Value.

Commercial N ’l Bank, Boston,
Fourth National Bank, Boston,
Merchants N at’l Bank, Boston,
Monument N at’l Bank, Boston,
N’l Bank of Commerce, Boston,
Nat’l Exchange Bank, Boston,
N at’l Shawmut Bank, Boston,
New England N’l B’k, Boston,
Second National Bank, Boston,
State National Bank, Boston, .
W inthrop N at’l Bank, Boston,

Estimated
Market Value.

$1,000
5,000
8,000

$1,350
6,950
16,160
1,750
15,200
8,250
18,200
10,350
17,040
11,325
2,400

Amount Invested,

00
00
00
00
00
00
00
00
00
00
00

$1,000 00
6,000 00
12,800 00

$60,700 $108,975 00

$80,350 00

_

10,000
5,500
7,000
7,500
8,000
7,500
1,200

—

11,400
5,500
10,500
9,750
13,200
9,000
1,200

00
00
00
00
00
00
00

Detailed Statement o f Street Bailway Bonds.

Ljmn & Boston Railroad Co. 5s,
Naumkeag Street Railway Co. 6s, .


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

Par Value.

Estimated
Market Value.

Amount Invested.

$50,000
18,000

$55,500 00
18,540 00

$56,906 00*
19,260 00*

$68,000

$74,040 00

$76,166 00

Legal investments when made.

No. 8.]

393

SAYINGS BANK COMMISSIONERS.
M edford S a v in g s B a n k — Continued.
Detailed Statement o f Railroad Bonds.
Par Value.

Albany & Susquehanna R.R. 6s,
Boston & Lowell R.R. 4s,
Chic., Burlington & Quincy R.R. 3is,
Chicago & Northwestern R.R. 7s, .
Cleveland & Pittsburgh R R. 4ès, .
Concord & Claremont R.R. 4¿s,
Concord & Montreal R.R. 4s, .
Detroit & Bay City R.R. 5s,
Eastern R.R. 6s,
. . .
Fitchburg R.R. 4s, .
Illinois Central R.R 3s, .
Illinois Central R.R. 4s, .
Kalamazoo, Allegan & Grand Rapids
R.R. 5 s ,.............................................
Kansas City, St. Joseph & Council
Bluffs R R. 7s,
Maine Central R.R. 4s,
Grand River Valley R.R. 6s, .
New York, New Haven & Hartford
R.R. 4 s , .............................................
Sioux City & Pacific R.R. 3és, .
Troy & Boston R.R. 7s, .
W ashington County R.R. 3¿s, .
W inona & St. Peters R.R, 7s, .

$25,000
20,000
50,000
35,000
33,000
25,000
25,000
30,000
15,000
25,000
30,000
10,000

Estimated
Market Value.

$25,250
20,700
47,500
40,600
38,610
26,500
26,000
36,150
15,225
26,125
25,350
10,500

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

Amount Invested.

$25,000
20,000
44,750
39,939
37,958
25,637
25,000
35,675
15,225
25,000
26,400
10,000

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

15,000

18,600 00

19,475 00

53,000
13,000
25,000

54,325 00
13,195 00
26,500 00

54,985 00
13,000 00
26,498 00

100,000
16,000
25,000
15,000
20,000

104,250
15,360
35,500
14,250
23,350

00
00
00
00
00

102,500
14,840
31,620
14,000
23,225

00
00
00
00
00

$605,000 $643,840 00 $630,727 00

Total Amount o f Loans, with Each Specified Rate o f Interest.

A m o u n t.

$62,853 11
54,098 60
140,000 00

K a te .

2 per cent.
3g
“
4
“

A m o u n t.

$165,000 00
157.500 00
957,353 21

K a te .

4¿ per cent.
4è
“
5
“

K a te .

A m o u n t.

$6,500 00
72,761 51

6

per cent.
“ .

Amount invested in real estate for banking purposes,................................... $20,000 00
Estimated value of the s a m e , ......................................................................
20,450
Assessed value of the s a m e ,.....................................................•
.
.
20,450
"Value, by books, of other real estate, held or owned by foreclosure or
otherwise, .
.
.
.
.
.
.
.
.
.
.
.
.
21,652
Assessed value of the s a m e ,...............................................................................
23,500
Number of loans which are of an amount not exceeding $3,000 each, 447
Aggregate amount of the s a m e , ......................................................................
659,467
Total number of loans upon real e s t a t e , ............................................517
Amount of investments from which no income is received,
.
.
.
12,487


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

00
00
46
00
15
87

394

REPOET OF THE

[Pub. Doc.

M edford S av in g s B a n k — Concluded.
Gross amount of interest or profits received, as per books, during year
ending Oct. 31, 1 9 0 5 ,.......................................................................................
Times when dividends are payable, as fixed by the by-laws: second
Saturday of May and November. Deposits commence to draw interest:
first Saturday of February, May, August and November.
Rate and amount of each semi-annual dividend
during the year ending Oct. 31, 1905,
Number of accounts opened during the year ending Oct. 31, 1905, . 736
Number of accounts closed during the year ending Oct. 31, 1905,
. 499
Total number of open accounts Oct. 31, 1905,
. . . .
6,491
Total expenses of the corporation for the year ending Oct. 31, 1905 (ex­
.......................................................................................
clusive of taxes),
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1905............................................................................................
Number of s a m e , ...............................................................................6,787
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1905.........................................................................................................
Number of s a m e , ...............................................................................4,963
Date of examination by commissioner : February 16.


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

5,874 54
368,176 00

341,963 89

No. 8.]

SAVINGS BANK COMMISSIONERS.

895

M E D W A Y S A V IN G S B A N K — M E D W A Y .

Incorporated Feb. 20, 1871.
A r c h ib a l d P a r k , President.
W il l ia m H. U pto n , Treasurer.
W il l ia m H . U pto n , Clerk o f the Corporation.

Names of committee charged with the investment of its funds :
S a m u e l G. C l a r k ,
W a l t e r L. P a l m e r ,
W il l a r d P. C l a r k ,
A d d iso n E. B u l l a r d ,
W il l ia m H. Ca r y ,
F r e d C. Cl a r k ,
A r c h ib a l d P a r k .

Open for business every business day, 9 a . m . to 12 m . ; 2 to 5 p . m .

B a l a n c e S h e e t O c t . 31, 1905.

A ssets.

Public funds, as per schedule, .
Railroad bonds, as per schedule,
Loan on railroad bonds,
Real estate by foreclosure, etc.,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
( n o t e s ) , ...................................
Loans on depositors’ books,
Deposits in banks, on interest, .
Cash on hand, . . . .

L ia b il it ie s .

$57,300
146,635
15.000
2,152
148,979
44,777

00
00
00
15
46
00

17.000
35
4,844
129

05
00
79
62

Deposits, .
Guaranty fund,
Interest account,

$403,750 85
20.050 69
13.051 53

$436,853 07

$436,853 07

Cash on Deposit in Banks, amount in each : —
Central National Bank, Boston (in l i q u i d a t i o n ) , ................................... $1,689 91
Eliot National Bank, B o s t o n , ......................................................................
585 78
National Shawmut Bank, B o s t o n , .............................................................
2,569 10
Loan on Railroad Bonds : —
$17,000 New York, New Haven & Hartford R.R. 4s,


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

.

.

.

.

$15,000 00

396

[Pub. Doc.

REPORT OF THE
M ed w a y S a v in g s B an k — Continued.
Detailed Statement o f Public Funds.
♦
Par Value.

County of Aroostook, Me., 4£s,
City of Belfast, Me., 4s, .
of Boston, Mass., 4s,
of Chicago, 111., 4s, .
of Detroit, Mich., 6s,
of Grand Rapids, Mich., 4£s, .
of M arlborough, Mass., 4s,
of Milwaukee, Wis., 5s, .
of Minneapolis, Minn., 4£s,
of Somerville, Mass., 4s, .
of Springfield, Ohio, 5s, .
of W altham, Mass., 4s, .
Town of Clinton, Mass , 4s,
of Melrose, Mass., 4s, .
of N. Attleborough, Mass., 4s,
of Revere, Mass., 4s,

$5,000
5,000
1,000
5,000
1,000
3,000
2,000
2,000
7,000
1,000
3,000
5,000
1,000
1,000
8,800
6,500
$57,300

Estimated
Market Value.

$5,287
5,250
1,055
5,175
1,010
3,180
2,050
2,130
7,545
1,000
3,420
5,175
1,035
1,005
9,161
6,566

50
00
00
00
00
00
00
00
00
00
00
00
00
00
12
62

$60,045 24

Amount Invested.

$5,000
5,000
1,000
5,000
1,000
3,000
2,000
2,000
7,000
1,000
3,000
5,000
1,000
1,000
8,800
6,500

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

$57,300 00

Detailed Statement o f Railroad Bonds.
Estimated
Market Value.

Amount Invested.

$2,000
5,000
5,000
3,000
6,000
10,000
6,000
11,000
5,0n0
8,000
3,000
1,000
16,000
10,000
8,000
2,000
5,000

$2,110
5,135
5,900
3,120
6,810
9,550
6,330
11,440
5,087
8,290
3,090
850
15,040
10,662
8,380
2,110
5,300

$2,000
5,000
5,000
3,000
6,000
10,000
6,000
11,000
5,000
8,000
3,000
885
16,000
10,000
8,000
2,000
5,000

15,000
3,000

15,550 00
3,225 00

15,000 00
3,000 00

5,000

5,775 00

5,000 00

Par Value.

Boston, Clinton & Fitchburg R.R. 5s,
Boston & Lowell R.R. 4s,
Boston & Maine R.R. 4ès,
Boston & Providence R.R. 4s, .
Burlington & Missouri River R.R. 6s,
Chic., Burlington & Quincy R.R. 3ès,
Chic., Burlington & Quincy R.R. 4s,
Concord & Montreal R.R, 4s, rEastern R R 6s,
Fitchburg R.R. 4s, .
Fitchburg R R. 5s, .
Illinois Central R R. 3s, .
Illinois Central R.R. 3 ¿ s ,.
Illinois Central R.R. 4s, .
Maine Central R R 4is, .
N ewport & Richford R R. 5s, .
New York & New England R.R. 4s,
New York, New Haven & H artford
R.R. 4 s ,..............................................
Old Colony R.R. 4s, .
Portsmouth, Great Falls & Conway
R.R. 4 è s , ....................................


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

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

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

No. 8.]

SAYINGS BANK COMMISSIONERS.

397

M ed w a y S a v in g s B a n k — Concluded.
Detailed Statement o f Railroad Bonds — Concluded.
Par Value.

St. Johnsbury & Lake Champlain
R.R. 5 s ,.............................................
W ashington County R.R. 3<|s, .
Worcester, Nashua & Roch. R.R. 4s,

Estimated
Market Value.

$8,000
5.000
5.000

$9,920 00
4,700 00
5,100 00

Amount Invested.

$8,000 00
4,750 00
5,000 00

$147,000 $153,475 00 $146,635 00
* A legal investment when made.

Total Amount o f Loans, with Each Specified Rate o f Interest.
Amount.

$3,154 88
15,000 00
3,000 00

Kate.

2 p e r cen t.
3.5 5
3Ä

“

“

Amount.

$25,000 00
19.000 05
10.000 00

Kate.

3 f p e r cen t.
4
“
4i
“

Amount.

$40,948 46
5,600 00
108,932 91

Rate.

5 p er cen t.
5è
“

6

Value, by books, of real estate held or owned by foreclosure or otherwise,
$2,152 15
Assessed value of the s a m e ,...............................................................................
4,000 00
Number of loans which are of an amount not exceeding $3,000 each, 172
Aggregate amount of the s a m e , ......................................................................
133,871 51
Total number of loans upon real e s t a t e , ............................................ 150
Gross amount of interest or profits received, as per books, during year
ending Oct. 31, 1 9 0 5 ,.......................................................................................
19,869 44
Times when dividends are payable, as fixed by the by-laws : first Monday
June and December. Deposits commence to draw interest: first day
of March, June, September and December.
Rate and amount of each semi-annual dividend t If per cent., $6,588 73 1
13,274 40
during the year ending Oct. 31, 1905,
. ( 1| per cent.,
6,685 67 1
Number of accounts opened during the year ending Oct. 31, 1905, . 234
Number of accounts closed during the year ending Oct. 31, 1905,
. 160
Total number of open accounts Oct. 31,1905,
. . . .
1,865
Total expenses of the corporation for the year ending Oct. 31, 1905 (ex­
clusive of taxes)..................................................................................................
1,934 93
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 5 ,.......................................................................................
80,853 43
Number of same................................................................................... 1,477
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 9 0 5 , ................................................................................................
84,928 29
Number of s a m e , ...............................................................................1,242
Date of examination by commissioner: January 2.


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

398

EEPOET OF THE

[Pub. Doc

M E L R O SE S A V IN G S B A N K — M E L R O SE .

Incorporated April 5, 1872.
D a n ie l R u ss e l l , President.
E l b r id g e H. G oss , Treasurer.
J o hn L a r r a b e e , Clerk o f the Corporation.

Names of committee charged with the investment of its funds:
J ohn W. F a r w e l l ,
M oses S. P a g e ,
C h a r l e s H. A d a m s .

Open for business every business day, 8.30 to 11
7 to 8 p . m .

a .m .

; 2 to 5 p . m . ; also Saturdays,

B a l a n c e S h e e t O c t . 31, 1905.

A ssets.

Public funds, as per schedule, .
Bank stock, as per schedule,
Loan on bank stock, .
Railroad bonds, as per schedule,
Real estate by foreclosure, etc.,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
( n o t e s ) , ...................................
Deposit in bank, on interest,
Cash on hand, .
.
.
.

L ia b il it ie s .

$147,000
2,800
325
17,500
24,089
616,049
360,643

00
00
00
00
28
73
20

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

$1,078,673 22
35,654 77
16,693 60
62,353 74

1,800 00
18,897 56
4,270 56
$1,193,375 33

$1,193,375 33

Cash on Deposit in Bank: —
Melrose National Bank, M e l r o s e , ............................................................. $18,897 56
Loan on Bank Stock: —
5 shares Melrose National Bank, M elrose,.....................................................


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

$325 00

No. 8.]

SAYINGS BANK COMMISSIONERS.

399

M elrose S a v in g s B an k — Continued.
Detailed Statement o f Public Funds.
Par Value.

City of Altoona, Pa., 4s, .
of Augusta, Me., 4 s,.
of Belfast, Me., 4s, .
of Brockton, Mass., 5s,
of Chicago, 111., 4s, .
of Dayton, Ohio, 5 s ,.
of Gloucester, Mass., 4s, .
of Kansas City, Mo., 4£s,.
of Malden, Mass., 4s,
of Melrose, Mass., 4s,
Town of Danvers, Mass., 4s, .
of Plymouth, Mass., 4 s,.
of Reading, Mass , 4s, .
of W inchester, Mass., 4s,

Estimated
Market Value.

$6,000
5,000
10,000
6,000
12,000
1,000
2,000
10,000
6,000
64,000
6,000
5,000
9,000
5,000

$6,345
5,025
10,500
6,345
12,117
1,015
2,020
10,750
6,213
67,266
6,285
5,050
9,575
5,285

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

Amount Invested.

$6,000
5,000
10,000
6,000
12,000
1,000
2,000
10,000
6,000
64,000
6,000
5,000
9,000
5,000

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

$147,000 $153,792 50 $147,000 00

Detailed Statement o f B ank Stocks.
° s
O C3
fc¡S
28

Par Value.

Freemans N at’l Bank, Boston,

Estimated
Market Value.

$2,800

$2,912 00

Amount Invested.

$2,800 00

Detailed Statement o f Bailroad Bonds.

Fitchburg R.R. 4s, .
Grafton & Upton R.R. 4s,


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

Par Value.

Estimated
Market Value.

Amount Invested.

$10,000
10,000

$10,525 00
7,500 00

$10,000 00
7,500 00*

$20,000

$18,025 00

$17,500 00

* A legal investm ent when made.

400

REPOET OF THE

[Pub. Doc.

M elrose S a v in g s B a n k — Concluded.
Total Amount o f Loans, with Each Specified Rate o f Interest.
Amount.

$18,897
1,800
135.000
138.000

Kate.

56
00
00
00

2 per cent.
H
“
4
“
4i
“

Amount.

$30,000 00
32,866 00
10,000 00

Kate.

4 | per cent.
4h
“
4|

Amount.

$17,509 33
454,725 04
158,917 56

Rate.

5£ per cent.
5
6
“

Value, by books, of real estate held or owned by foreclosure or otherwise,
Assessed value of the s a m e ,...............................................................................
Number of loans which are of an amount not exceeding $3,000 each, 456
Aggregate amount of the s a m e , ......................................................................
Total number of loans upon real e s t a t e , ............................................ 476
Gross amount of interest or profits received, as per books, during year
ending Oct. 31, 1 9 0 5 ,.......................................................................................
Times when dividends are payable, as fixed by the by-laws: third Wednes­
day of January and July. Deposits commence to draw interest: first
day of January, April, July and October.
Rate and amount of eachsemi-annual dividend f 1| per cent., $16,904 82 1
during the year ending Oct31, 1905,
.
1 1| per cent., 17,155 02 I
Number of accounts opened during the year ending Oct. 31, 1905, . 679
Number of accounts closed during the year ending Oct. 31, 1905,
. 560
Total number of open accounts Oct. 31, 1905,
. . . .
5,170
Total expenses of the corporation for the year ending Oct. 31, 1905 (ex­
clusive of taxes),
........................................................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 5 ,.......................................................................................
Number of s a m e , ........................................................................................6,404
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1905.........................................................................................................
Number of s a m e , ........................................................................................4,381
Date of examination by commissioner: March 3.


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

$24,089 28
30,050 00
531,049 73

54,020 31

34,059 84

3,361 56
254,014 74

237,913 72

No. 8.]

SAVINGS BANK COMMISSIONERS.

401

M E R R IM A C S A V IN G S B A N K - M E R R IM A C .

Incorporated April 19, 1871.
T hom as H. H oyt , President.
F r e d e r ic k C. G r a n t , Treasurer.
F r e d e r ic k C. G r a n t , Clerk o f the Corporation.

Names of committee charged with the investment of its funds:
T homas H. H oyt ,
H e r b e r t 0 . D el a n o ,
H e n r y H. S tory .

Open for business every business day except Saturdays, 8.30 a .m . to 12 m . ;
1.30 to 3 p . m . ; Saturdays 8.30 a . m . to 12 m .

B a la n c e S h e e t O c t . 31, 1905.

L ia b il it ie s .

A ssets.

Public funds, as per schedule, .
Bank stock, as per schedule,
Railroad bonds, as per schedule,
Loan on railroad stock,
Boston Terminal Co. bonds,
Stocks, bonds, etc., taken to
secure indebtedness,
Real estate by foreclosure, etc.,
Loans on real estate, .
Loans on personal security,
Deposit in bank, on interest,
Deposit in bank, not on interest,
Premium account,
Furniture and fixtures,
Cash on hand, . . . .

$69,000
5,100
140,896
109
20,000

00
00
33
00
00

350
20,749
136,435
84,165
4,000
1,840
2,290
858
760

00
57
00
75
00
84
00
92
02

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

$486,555 43

$459,681 51
26,276 29
597 63

$486,555 43

Cash on Deposit in Bank : —
First National Bank, M errimac,......................................................................$5,840 84
Loan on Railroad Stock: —
10 shares Boston & Maine R .R .,......................................................................


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

$109 00

402

[Pub. Doc

REPOET OF THE
M errim ac S av in g s B an k — Continued.
Detailed Statement o f Public Funds.
Par Value.

County of Aroostook, Me., 4is,
City of Chicopee, Mass., Sis, .
of Concord N. H,, 4s,
of Keene, N, H., 4s, .
of Lynn, Mass., 3is,
of Meriden, Conn., 4s,
of Newton, Mass., 4s,
of Stamford, Conn., 4s, .
of W aterbury, Conn., 4 s ,.
Town of Auburn, Me., 4s,
of Merrimac, Mass., 4 s ,.

Estimated
Market Value.

$15,000
10,000
7,000
2,000
5,000
5,000
5,000
5,000
5,000
5,000
5,000

$15,787
10,026
7,367
2,080
5,010
5,025
5,125
5,187
5,250
5,350
5,225

50
75
50
00
00
00
00
50
00
00
00

$69,000

$71,434 25

Amount Invested.

$15,000
10,000
7,000
2,000
5,000
5,000
5,000
5,000
5,000
5,000
5,000

00
00
00
00
00
00
00
00
00
00
00

$69,000 00

Detailed Statement o f B ank Stocks.
o 1
o cj

Par Value.

*¡g
51

F irst N at’l Bank, Merrimac, .

$5,100

Estimated
Market Value.

*
$5,100 00

Amount Invested.

$5,100 00

Detailed Statement o f Piailroad Bonds.
Par Value.

Boston & Lowell R.R. 4s,
Boston & Maine R.R. 4s, .
Chic., Burlington & Quincy R.R. 3¿s,
Concord & Montreal R.R. 4s, .
E rie & Pittsburgh R R. 3¿s,
Fitchburg R.R. 4¿s, . . . .
Illinois Central R.R. 3s, .
Illinois Central R.R. 3ès, .
Kansas City, St. Joseph & Council
Bluffs R.R. 7s,
. . .
Maine Central R.R. 4s,
Michigan Central R.R. 3¿s,
New York, New Haven & H artford
R.R. S i s , ....................................
New York, New Haven & Hartford
R.R. 4 s ,.............................................
Old Colony R R. 4 s ,.
Peoria & Northwestern R.R. 3is, .


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

$5,000
20,000
16,000
11,000
5,000
5,000
10,000
15,000

Estimated
Market Value.

$5,037
21,700
15,360
11,440
4,950
5,325
8,450
14,250

50
00
00
00
00
00
00
00

Amount Invested.

$5,000
20,000
15,390
11,000
4,975
5,000
9,050
15,000

00
00
08
00
00
00
00
00

5,000
7,000
10,000

5,162 50
7,148 75
9,850 00

5,000 00
7,000 00
9,650 00

10,000

9,700 00

9,831 25

10,000
6,000
8,000

10,200 00
6,360 00
7,780 00

10,000 00
6,000 00
8,000 00

$143,000 $142,713 75 $140,896 33

No. 8.]

SAYINGS BANK COMMISSIONERS.

403

M errim ae S av in g s B a n k — Concluded.
B o sto n T e r m in a l C o m p a n y B o n d s.

Boston Terminal Company 3£s,

Par Value.

Estimated
Market Value.

Amount Invested.

$ 2 0 ,0 0 0

$ 2 2 ,2 0 0 0 0

$ 2 0 ,0 0 0 0 0

T o ta l A m o u n t o f L o a n s , w ith E a c h S p e c ifie d R a te o f In te r e s t.

Rate.

Amount.

$4,000 00
16,248 33
30,000 00

3£ per cent.
3*

4

“

«

Rate.

Amount.

$10,000 00
29,979 92
300 00

4 \ per cent.
4è

“

5à

“

Amount.

$92,055 00
42,126 50

Rate.
5 per cent.
6
“

Value, by books, of real estate held or owned by foreclosure or otherwise, $20,749 57
Assessed value of the s a m e ,...............................................................................
26,625 00
Net income received from same during the year ending Oct. 31, 1905,
247 72
Number of loans which are of an amount not exceeding $3,000 each, 104
Aggregate amount of the s a m e , ......................................................................
85,081 50
Total number of loans upon real e s t a t e , ............................................112
Amount of investments from which no income is recei ved, . . . .
3,985 35
Gross amount of interest or profits received, as per books, during year
ending Oct. 31, 1 9 0 5 ,.......................................................................................
20,760 62
Times when dividends are payable, as fixed by the by-laws: fourth
Wednesday of April and October. Deposits commence to draw
interest: third Wednesday of January, April, July and October.
Rate and amount of each semi-annual dividend f 1| per cent., $8,105 86 ) 15,966 86
during the year ending Oct. 31, 1905,
.
( 1| per cent.,
7,861 00 >
Number of accounts opened during the year ending Oct. 31, 1905, . 72
Number of accounts closed during the year ending Oct. 31, 1905,
. 108
Total number of open accounts Oct. 31, 1905,
. . . .
1,462
Total expenses of the corporation for the year ending Oct. 31, 1905 (ex­
clusive of taxes),
.......................................................................................
2,194 62
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 5 ,.......................................................................................
39,778 81
Number of s a m e , ....................................................................................... 631
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1905.........................................................................................................
78,655 15
Number of s a m e , ....................................................................................... 789
Date of examination by commissioner: January 24.


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

404

REPORT OF THE

[Pub. Doc

M E R R IM A C K R IV E R S A V IN G S B A N K — L O W E L L .

Incorporated Feb. 24, 1871.
C h a r l e s E. A d a m s , President.
N. G. L am so n , Treasurer.
N. G. L a m so n , Clerk o f the Corporation.

Names of committee charged with the investment of its funds :
N . G. L am so n ,
P erlet P . P erham ,
C h a r l e s F. V arntjm ,
H. C. T a rt ,
J a m e s S cott.

Open for business every business day, 9 a . m . to 1 p .m . ; also Saturdays, 7 to 9 p . m .

B a l a n c e S h e e t O ct . 31, 1905.

A ssets.

Public funds, as per schedule, .
Bank stock, as per schedule,
Loans on bank stock,
Railroad bonds, as per schedule,
Railroad notes, . . . .
Real estate by foreclosure, etc.,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
( n o t e s ) , ...................................
Loans on depositors’ books,
Deposits in banks, on interest, .
Cash on hand, . . . .

L ia b il it ie s .

$10,000
46,100
5,350
227,800
20,000
14,086
1,131,260
762,021

00
00
00
00
00
04
01
16

27,000
650
54,938
9,637

00
00
72
20

$2,308,843 13

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

$2,113,261 28
104,000 00
50,895 70
40,678 80
7 35

$2,308,843 13

Cash on Deposit in Banks, amount in each: —
State National Bank, Boston,
.
First National Bank, Boston,
. . . .
Old Lowell National Bank, Lowell,
Wamesit National Bank, Lowell,
Lowell Trust Company, Lowell, . . . .

$7,421
13,698
5,000
18,818
10,000

Loans on Bank Stock, amount on each : —
17 shares Wamesit National Bank, Lowell,
52 shares Wamesit National Bank, Lowell,

$1,350 00
4,000 00


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

23
92
00
57
00

No. 8.]

405

SAYINGS BANK COMMISSIONERS.
M errim ack R iv er S a v in g s B an k — Continued.
D e ta ile d S ta te m e n t o f P u b lie F u n d s.

Town of Eastport, Me., 4¿s,

.

Par Value.

Estimated
Market Value.

Amount Invested.

fio,000

$10,125 00

$10,000 00

No. of
Shares.

D e ta ile d S ta te m e n t o f B a n k S to c k s *

25
20
28
52
31
40
51
54
31
27
102

Par Value.

Atlantic N at’l Bank, Boston, .
Eliot National Bank, Boston, .
Faneuil Hall N’l Bank, Boston,
First National Bank, Boston, .
Fourth National Bank, Boston,
Metropolitan N’l B’k, Boston,.
N’l B’k of Commerce, Boston,
Old Boston N ’l Bank, Boston,.
State National Bank, Boston, .
W ebster and Atlas National
Bank, Boston,
W amesit N at’l Bank, Lowell, .

Estimated
Market Value.

00
00
00
00
00
00
00
00
00

Amount Invested.

$2,500
2,000
2,800
5,200
3,100
4,000
5,100
5,400
3,100

00
00
00
00
00
00
00
00
00

$2,500
2,000
2,800
5,200
3,100
4,000
5,100
5,400
3,100

$3,375
4,000
3,668
14,300
4,309
4,720
7,752
5,670
4,681

2,700
10,200

3,834 00
10,200 00

2,700 00
10,200 00

$46,100

$66,509 00

$46,100 00
DTP

* The bank also owns 15 shares Continental National Bank of Boston, upon which the officers
decline to place any market value.

*

D e ta ile d S ta te m e n t o f B a ilr o a d B o n d s.

Par Value.

Boston & Lowell R.R. 4s,
Boston, Revere Beach & Lynn R.R.
4ès,
.
.
.
. . .
Chic., Burlington & Quincy R.R. 3£s,
Cleveland & Pittsburgh R.R. 3ès, .
Fitchburg R.R. 4s................................
Fitchburg R.R. 4és, . »
Illinois Central R.R. 3¿s, .
Lime Rock R.R. 4s, .
New York, New Haven & Hartford
R.R. S 4 s , ....................................
New York, New Haven & Hartford
R.R. 4 s ,.............................................


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

$20,000

Estimated
Market Value.

Amount Invested.

$20,450 00

$20,000 00

15,000
20,000
50,000
10,000
10,000
25,000
10,000

16,575
19,100
49,500
10,550
10,600
23,625
10,225

00
00
00
00
00
00
00

15,000
20,000
50,000
10,000
10,000
23,775
10,000

00
00
00
00
00
00
00

40,000

38,600 00

39,025 00

30,000

31,000 00

30,000 00

$230,000 $230,225 00 $227,800 00

[Pub. Doc.

REPORT OF THE

406

M errim ack B iv e r S a v in g s B a n k — Concluded.
T o ta l A m o u n t o f L o a n s , w ith E a c h S p e c ifie d R a te o f In te r e s t.

Kate.

Amount.

Rate.

Amount.

Kate.

2 p e r cen t.

$247,000 00
342,500 00
472,700 00

4 p e r c en t.
4\
“
4
“

$826,011 95
14,484 22
18,585 00

5 p e r cent.
H
“
6
“

Amount.

$26,239 80
18,698 92
10,000 00
25,000 00

4
3
3 .6 4

“
“
“

Value, by books, of real estate held or owned by foreclosure or otherwise,
Assessed value of the s a m e ,...............................................................................
Number of loans which are of an amount not exceeding $3,000 each, 293
Aggregate amount of the s a m e , ......................................................................
Total number of loans upon real e s t a t e , ............................................366
Gross amount of interest or profits received, as per books, during year
ending Oct. 31, 1 9 0 5 ,.......................................................................................
Times when dividends are payable, as fixed by the by-laws: first Satur­
day of May and November. Deposits commence to draw interest: first
Saturday of February, May, August and November.
Rate and amount of each semi-annual dividend | 2 per cent., $38,107 93 )
during the year ending Oct. 31,1905,
.
I 2 per cent.,
39,161 24 )
Number of accounts opened during the year ending Oct. 31, 1905, . 422
Number of accounts closed during the year ending Oct. 31, 1905,
. 273
Total number of open accounts Oct. 31, 1905,
. . . .
3,516
Total expenses of the corporation for the year ending Oct. 31, 1905 (ex­
clusive of taxes),
.............................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 5 ,.......................................................................................
Number of s a m e , ...............................................................................2,292
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1905,
................................................................................................
Number of s a m e , ...............................................................................2,161
Date of examination by commissioner: February 17.


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

$14,086 04
10,900 00
438,633 38

102,760 59

77,269 17

7,524 38
278,428 51

209,733 93

No. 8.]

SAVINGS BANK COMMISSIONERS

407

M ID D L E B O R O U G H S A V IN G S B A N K —M ID D L E B O R O U G H .

Incorporated March 15, 1873.
D a v id G. P r att , President.
A n d r e w M. W ood , Treasurer.
A n d r e w M. W ood , Clerk o f the Corporation.

Names of committee charged with the investment of its funds :
D a v id G. P r att ,
Ch a r l e s F. Co r n ish ,
E ver ett T. L in c o l n ,
G eorge B rayto n ,
G eorge R. S am pso n .

Open for business every business day, 9 a .m . to 12 m . ; 2 to 4 p .m . ; also Saturdays,
7 to 8 p . m .

B a lan c e S h e e t O c t . 31, 1905.

A ssets.

Public funds, as per schedule, .
Bank stock, as per schedule,
Railroad bonds, as per schedule,
Street railway bonds, as per
schedule......................................
Real estate (for banking pur­
poses),
...................................
Real estate by foreclosure, e tc .,.
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
( n o t e s ) , ...................................
Deposits in banks, on interest, .
Insurance account,
Cash on hand................................

L ia b il it ie s .

$140,000 00
4,285 00
258,475 00

Deposits, .
Guaranty fund,
Interest account,

39.000 00
47.000
55,826
878,573
151,996

00
70
72
00

65.000
45,649
360
959

00
16
00
08

$1,687,124 66

Cash on Deposit in Banks, amount in each : —
Atlantic National Bank, Boston,
.
Winthrop National Bank, Boston,
. . . .
Middleborough National Bank, Middleborough,
Pynchon National Bank, Springfield (in liquidation),


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

,

$1,587,040 13
80,000 00
20,084 53

$1,687,124 66

$20,966
10,641
13,440
600

41
89
86
00

[Pub. Doc.

REPORT OF THE

408

M id d leb o ro u g h S a v in g s B an k — Continued.
D e ta ile d S ta te m e n t o f P u b lic F u n d s.

Par Value.

$25,000
10,000
16,000
5,000
25,000
10,000
15,000
10,000
6,000
7,000
5,000
6,000

City of Boston, Mass., 3£s,
of Dayton, Ohio, 5 s ,.
of Dubuque, Iowa, 4s,
of Fort Wayne, Ind., 4£s,
of Kansas City, Mo., 4s, .
of Kansas City, Mo., 4 is ,.
of Lynn, Mass., 4s, .
of Rockford, 111., 4£s,
of South Bend, Ind., 5s, .
of Terre Haute, Ind., 4s, .
Town of Burrillville, R. I., 4s,
of Weymouth, Mass., 4s,

Estimated
Market Value.

$25,250
10,750
16,400
5,250
26,250
10,800
15,318
10,175
6,115
7,175
5,000
6,202

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

Amount Invested.

$25,000
10,000
16,000
5,000
25,000
10,000
15,000
10,000
6,000
7,000
5,000
6,000

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

$140,000 $144,686 25 $140,000 00

No. of
Shares.

D e ta ile d S ta te m e n t o f B a n k S to ck s.

Par Value.

11 Tremont N at’l Bank, Boston, .
12 Middleborough National Bank,
Middleborough, .
27 Plymouth N’l Bank, Plymouth,

Estimated
Market Value.

Amount Invested.

$385 00

$385
1,200
2,700

$1,440 00
3,105 00

1,200 00
2,700 00

$4,285

$4,545 00

$4,285 00

D e ta ile d S ta te m e n t o f S tr e e t R a i lw a y B o n d s.

Par Value.

W est End Street Railway Co. 4s,


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

.

$39,000

Estimated
Market Value.

Amount Invested.

$40,787 50

$39,000 00

No. 8.]

SAYINGS BANK COMMISSIONERS

409

M id d leb o ro u g h S a v in g s B a n k — Continued.
D e ta ile d S ta te m e n t o f R a ilr o a d B o n d s.

Par Value.

Beech Creek R.R. 4s,
Boston & Lowell R.R. 4s,
Chic., Burlington & Quincy R.R. 3£s,
Chic , Burlington & Quincy R.R. 4s,
Chicago & Northwestern R.R. 3¿s, .
D exter & Newport R.R. 4s,
Fitchburg R.R. 3¿s, . . . .
Fitchburg R.R. 4s, .
Fitchburg R.R, 5s, .
,
Illinois Central R.R. 3s, .
Illinois Central R.R. 3 £ s,.
Maine Central R.R. 4s,
Michigan Central R.R. 4s,
New York Central & Hudson River
R.R. 3ès,
....................................
New York, New Haven & Hartford
R.R. 4 s ,.............................................
Old Colony R.R. 4s, .
Portland & Ogdensburg R.R. 5s,
Princeton & Northwestern R.R. 3¿s,

$6,000
20,000
55,000
10,000
17,000
5,000
10,000
6,000
5,000
33,000
20,000
5,000
10,000
10,000
20,000
10,000
10,000
10,000

Estimated
Market Value.

$6,390
20,100
52,525
10,500
16,362
5,125
9,712
6,157
5,125
27,110
18,850
5,062
10,600

Amount Invested.

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

9,850 00
21,300
10,800
10,350
9,700

00
00
00
00

$6,000
20,000
55,000
10,000
16,043
5,000
10,000
6,000
5,000
30,606
20,000
5,000
10,000

00
00
00
00
75
00
00
00
00
25
00
00
00

10,000 00
20,000
10,000
10,000
9,825

00
00
00
00

$262,000 $255,620 00 $258,475 00

T o ta l A m o u n t o f L o a n s , iv ith E a c h S p e c ifie d R a te o f I n te r e s t.

Amount.

$45,049 16
84,600 00

Kate.

2 per cent.
4
“

Amount.

$97,500 00
551,336 00

Kate.

4£ per cent.
5
«

Amount.

$58,450 00
304,283 72

Amount invested in real estate for banking purposes,...................................
Estimated value of the s a m e , ................................... ........
Assessed value of the s a m e ,...............................................................................
Net income received from same during year ending Oct. 31, 1905,
Value, hy hooks, of other real estate held or owned by foreclosure or
o th e r w is e ,........................................................................................................
Assessed value of the s a m e ,...............................................................................
Number of loans which are of an amount not exceeding $3,000 each, 605
Aggregate amount of the s a m e , ......................................................................
Total number of loans upon real estate..................................................... 521
Gross amount of interest or profits received, as per books, during year
ending Oct. 31, 1 9 0 5 ,.......................................................................................
Times when dividends are payable, as fixed by the by-laws: first Monday
of April and October. Deposits commence to draw interest: first Mon­
day of January, April, July and October.


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

Rate.

5¿ per cent.
6

“

$47,000
47.000
36.000
1,639

00
00
00
44

55,826 70
56,800 00
407,235 72

80,340 64

410

REPORT OF THE

[Pub. Doc.

M id d leb orou gh S av in g s B an k — Concluded.
Rate and amount of each semi-annual dividend f 1? per cent., $27,020 30 )
during the year ending Oct. 31, 1905,
.
( lj| per cent., 26,837 83 J
Number of accounts opened during the year ending Oct. 31, 1905, . 530
Number of accounts closed during the year ending Oct. 31, 1905,
. 442
Total number of open accounts Oct. 31, 1905..................................
4.877
Total expenses of the corporation for the year ending Oct. 31, 1905 (ex­
clusive of taxes),
.......................................................................................
4,298 44
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 5 ,.......................................................................................
214,888 56
Number of s a m e , ...............................................................................4,054
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1905........................................................................................................
285,559 55
Number of s a m e , ...............................................................................
3 380
Date of examination by commissioner : May 9.


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

No. 8.]

411

SAVINGS BANK COMMISSIONERS.

M ID D L E S E X IN S T IT U T IO N F O R S A V IN G S — CONCORD.

Incorporated March 4, 1835.
H a r v e y W h e e l e r , President.
C h a r le s E . B r o w n , Treasurer.
H e r b e r t W . H o sm er , Clerk o f the Corporation.

Names of committee charged with the investment of its funds:
E d w a r d J. B a r t let t ,
L orin g N. F o w l e r ,
H arvey W h ee ler ,

W oodw ard H u d so n .

Open for business every business day except Saturdays, 9 a .m . to 2 p . m . ; Saturdays,
9 a . m . to 12.15 P.M.

B a la n c e S h e e t O c t . 31, 1905.

L ia b il it ie s .

A ssets.

Public funds, as per schedule, .
Bank stock, as per schedule,
Railroad bonds, as per schedule,
Street railway bonds, as per
schedule,...................................
Boston Terminal Co. bonds,
Real estate (for banking pur­
poses)..........................................
Real estate by foreclosure, etc.,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
(notes), .
.
.
Deposits in banks, on interest, .
Deposits in banks, not on interest,
Expense account,
Cash on hand, . . . .

$21,387 50
10,000 00
508,712 50
21,425 00
53,550 00
10.500
13.500
584,248
638,549

00
00
00
30

12,200
37,192
4,788
2,838
1,562

00
50
10
46
67

$1,920,454 03

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

$1,788,224 30
88,000 00
34,341 69
9,829 29
58 75

$1,920,454 03

Cash on Deposit in Banks, amount in each : —
First National Bank, B o s t o n , ......................................................................$27,192 50
14,788 10
Concord National Bank, C o n c o r d , .............................................................


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Federal Reserve Bank of St. Louis

412

KEPORT OF THE

[Pub. Doc.

M id d le s e x In s titu tio n for S a v in g s — Continued.
Detailed Statement o f Public Funds.
Par Value.

Town of Concord, Mass., 3£s, .
of Concord, Mass., 4s, .

Estimated
Market Value.

Amount Invested.

$10,000
10,000

$10,050 00
10,800 00

$10,000 00
11,387 50

$20,000

$20,850 00

$21,387 50

Detailed Statement o f B ank Stocks.
O. <
S3i

Par Value.

^ 25

100

Concord N at’l Bank, Concord,

$10,000

Estimated
Market Value.

Amount Invested.

$15,000 00

$10,000 00

Detailed Statement o f Street Bailway Bonds.
Par Value.

W est End Street Railway Co. 4s,

.

$20,000

Estimated
Market Value.

Amount Invested.

$21,100 00

$21,425 00

Detailed Statement o f Bailroad Bonds.
Par Value.

Boston & Albany R.R. 3ès,
Boston & Lowell R.R. 4s,
Boston & Maine R.R. 4s, .
Boston & Maine R.R. 4¿s,
Chic., Burlington & Quincy R.R. 3ès,
Cleveland & Pittsburgh R.R. 3^s, .
Chicago & Northwestern R.R. 3¿s, .
Concord & Montreal R.R. 4s, .
Conn. & Passumpsic Rivers R.R. 4s,
Connecticut River R.R. 3¿s,
Fitchburg R.R. 4s, .
Illinois Central R.R. 3£s,.
Illinois Central R.R 4s, .
Kalamazoo, Allegan & Grand Rapids
R.R. 5s, .


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

$10,000
15,000
10,000
25,000
25,000
20,000
15,000
50,000
10,000
10,000
30,000
20,000
10,000
20,000

Estimated
Market Value.

$10,000
15,450
10,750
29,250
23,750
19,800
14,925
52,000
10,700
9,900
31,500
18,800
10,500

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

24,800 00

Amount Invested.

$10,350
15,000
10,000
25,000
25,875
21,150
15,450
50,000
10,000
10,150
30,687
20,775
11,300

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

26,700 00

No. 8.]

SAYINGS BANK COMMISSIONERS.

413

M id d le s e x In stitu tio n for S av in g s — Continued.
Detailed Statement o f Railroad Bonds — Concluded.
Par Value.

Maine Central R.R. 4s,
Maine Central R.R. 4<Js, .
Michigan Central R.R. 3ès,
New York Central & Hudson River
R.R. 3 £ s , ....................................
New York, New Haven & Hartford
R.R. 3ès,
....................................
New York, New Haven & H artford
R.R 4 s , . ....................................
Old Colony R.R. 4s, .
Portland & Rumford Falls R.R. 4 s,.
Sullivan County R.R. 4s, .
Troy & Boston R.R. 7s, .

$15,000

Estimated
Market Value.

Amount Invested.

$15,000 CO

50,000

115,225 00
20,900 00
49,000 00

25,000

24,625 00

25,375 00

20,000

19,200 00

19,625 00

25,000

25,500 00
21,250 00

25,625 00

1 0 ,2 0 0 0 0

10,500 00

10,300 00
28,400 00

31,200 00

2 0 ,0 0 0

2 0 ,0 0 0
1 0 ,0 0 0
1 0 ,0 0 0
2 0 ,0 0 0

2 0 ,0 0 0 0 0

48,950 00

2 0 ,0 0 0 0 0
1 0 ,0 0 0 0 0

$485,000 $506,725 00 $508,712 50

Boston Term inal Company Bonds.
Par Value.

Boston Terminal Company 3^s,

$50,000

Estimated
Market Value.

Amount Invested.

$55,500 00

$53,550 00

Total Am ount of Loans, with Each Specified Rate o f Interest.
Amount.

$27,192
10,000
6,000
28,049

Rate.

50
00
00
30

2£ per cent.
3
“
3è “
3|
“

Amount.

$333,200
65.000
225,250
30.000

00
00
00
00

Rate.

Amount.

Rate.

4 per cent.
4|
“
4é
“
4|

$479,548 00
25,750 00
42,200 00

5 per cent.
5è
“
6
“

Amount invested in real estate for banking purposes......................................$10,500 00
Estimated value of the s a m e , ......................................................................
10,500
9,750
Assessed value of the s a m e ,..............................................................................
Value, by books, of other real estate held or owned by foreclosure or
o th e r w ise ,.........................................................................................................
13,500
Assessed value of the sa m e ,...............................................................................
14,200
Net income received from same during the year ending Oct. 31, 1905,
.
83
Number of loans which are of an amount not exceeding $3,000 each, 238
Aggregate amount of the s a m e , ......................................................................
333,992
Total number of loans upon real e s t a t e , ............................................ 272


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Federal Reserve Bank of St. Louis

00
00
00
00
24
00

414

REPORT OF THE

[Pub. Doc,

M id d le s e x In stitu tio n for S a v in g s — Concluded.
Amount of investments from which no income is received,
$10,500 00
Gross amount of interest or profits received, as per books, during year
ending Oct. 31, 1 9 0 5 ,.......................................................................................
80,474 59
Times when dividends are payable, as fixed by the by-laws : first day of
January and July. Deposits commence to draw interest first day of
March, June, September and December.
Rate and amount of each semi-annual dividend j 2 per cent., $32,645 53 1
65,957 62
during the year ending Oct. 31, 1905,
.
1 2 per cent.,
33,312 09 I
Number of accounts opened during the year ending Oct. 31, 1905, . 569
Number of accounts closed during the year ending Oct. 31, 1905,
. 387
Total number of open accounts Oct. 31, 1905,
. . . .
5,258
Total expenses of the corporation for the year ending Oct. 31, 1905 (ex­
clusive of taxes),
.......................................................................................
7,043 40
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 5 ,.......................................................................................
260,974 40
Number of s a m e , ...............................................................................3,778
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 9 0 5 , ................................................................................................
238,911 37
Number of s a m e , ...............................................................................3,191
Date of examination by commissioner: January 16.


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Federal Reserve Bank of St. Louis

No. 8.]

SAYINGS BANK COMMISSIONERS

415

M IL F O R D S A V IN G S B A N K —M IL F O R D .
Incorporated April 24, 1851.
J ohn P. D a n ie l s , President.
J am e s E. W a l k e r , Treasurer.
J am es E. W a l k e r , Clerk of the Corporation.

Names of committee charged with the investment of its funds:
C h a r le s F. C l a f l in ,
J ohn P. D a n ie l s ,
Z ib e o n C. F ie l d .

Open for business every business day except Saturdays, 9
Saturdays, 9 a .m . to 1 p .m .

a .m .

to 3 p . m .;

B a l a n c e S h e e t O ct . 31, 1905.

L ia b il it ie s .

A ssets.

Public funds, as per schedule, .
Bank stock, as per schedule,
Loans on bank stock,.
Railroad bonds, as per schedule,
Loan on railroad bonds,
Street railway bonds, as per
schedule,...................................
Boston Terminal Co. bonds,
Stocks, bonds, etc., taken to secure indebtedness, .
Real estate (for banking purp o s e s ) , ...................................
Real estate by "foreclosure, etc.,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
( n o t e s ) , ...................................
Loans on depositors’ books,
Deposits in banks, on interest, .
Deposits in banks, not on interest,
Cash on hand, . . . .

$302,000
86,479
12,180
490,622
50,000

00
75
00
50
00

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

$2,608,149 37
110,580 54
19,823 19

60,000 00
103,812 50
12,000 00
25,000
11,130
675,406
716,058

00
60
31
33

157,250
1,000
25,073
10,052
487

00
00
32
15
64

$2,738,553 10

$2,738,553 10

Cash on Deposit in Banks, amount in each: —
First National Bank, Boston,
.
.
.
.
National Shawmut Bank, Boston,
Milford National Bank, Milford............................
Loans on Bank Stock, amount on each : —
100 shares Milford National Bank, Milford,
25 shares Milford National Bank, Milford,
28 shares Milford National Bank, Milford,
2 shares Milford National Bank, Milford,


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Federal Reserve Bank of St. Louis

$1,497 06
14,576 26
19,052 15

$

10,000 00

500 00
1,500 00
180 00

416

REPORT OF THE

[Pub. Doc

M ilford S av in g s B a n k — Continued.
Loan on Railroad Bonds : —
$35,000 New York, New Haven & Hartford R.R. 3£s,
20,000 New York, New Haven & Hartford R.R. 4s,

'I

$50,000 00

Detailed Statement o f Public Funds.
Par Value.

City of Beverly, Mass., 4s,
of Boston, Mass., 4s,
of Bridgeport, Conn., 4 s,.
of Chicago, 111., 4s, .
of Dayton, Ohio, 4 s,.
of Dubuque, Iowa, 4s,
of Grand Rapids, Mich., 4is, .
of Lynn, Mass., 4s, .
of New Britain, Conn., 4s,
of Newport, R. I., 4s,
of Newton, Mass., 4s,
of Portland, Me., 6s,
of Providence, R. I., 4s, .
of Providence, R. I., 5s, .
of Saginaw, Mich., 4s,
of Woonsocket, R. I., 4s, .
Town of Framingham, Mass., 4s, .
of Maynard, Mass., 4s, .
of Weymouth, Mass., 4s,

$15,000
25,000
6,000
50,000
25,000
8,000
6,000
7,000
20,000
10,000
20,000
2,000
11,000
20,000
12,000
15,000
20,000
20,000
10,000

Estimated
Market Value.

$15,600
26,185
6,890
51,562
26,250
8,160
6,210
7,525
20,000
10,700
21,200
2,080
11,770
20,100
12,300
15,450
20,200
21,000
10,350

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

Amount Invested.

$15,000
25,000
6,000
50,000
25,000
8,000
6,000
7,000
20,000
10,000
20,000
2,000
11,000
20,000
12,000
15,000
20,000
20,000
10,000

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

1802,000 $313,032 50 $302,000 00
* Legal investments when made.

No. of
Shares.

Detailed Statement o f Bank Stocks.

10
150
25
56
25
100
47
33
40
12

Par Value.

Atlantic N at’l Bank, Boston, .
Central N at’l Bank, Boston, .
Continental N ’l Bank, Boston,
F irst National Bank, Boston, .
N at’l Exchange Bank, Boston,
N at’l Shawmut Bank, Boston,.
National Union Bank, Boston,
State National Bank, Boston, .
Washington N’l Bank, Boston,
W ebster and Atlas National
Bank, Boston,


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Federal Reserve Bank of St. Louis

$1,000
15,000
—

5,600
2,500
10,000
4,700
3,300
-

1,200

Estimated
Market Value.

$1,350 00
125
15,400
3,750
26,000
8,460
4,983
40

00
00
00
00
00
00
00

1,704 00

Amount Invested.

$1,000
100
1
8,400
3,581
15,000
7,496
3,300
1

00
00
00
00
25
00
50
00
00

1,200 00

No. 8.]

417

SAVINGS BANK COMMISSIONERS.
M ilford S av in g s B a n k — Continued.

No. of
Shares.

Detailed Statement o f Bank Stocks — Concluded.
Par Value.

100 Home N at’l Bank, Brockton, .
9 Iiopkinton N’l B’k, Hopkinton,
75 Home National Bank, Milford,
263 Milford N at’l Bank, Milford, .

$10,000
900
7,500
26,300

Estimated
Market Value.

$18,000
900
11,250
39,450

00
00
00
00

$88,000 $131,412 00

Amount Invested

$10,000
900
7,500
28,000

00
00
00
00

$86,479 75

Detailed Statement o f Street Railway Bonds.
Par Value.

W est End Street Railway Co. 4s,

.

$60,000

Estimated
Market Value.

Amount Invested.

$63,300 00

$60,000 00

Detailed Statement o f Railroad Bonds.
Par Value.

Boston & Albany R.R. 3<|s,
Boston & Lowell R.R. 4s,
Boston & Maine R.R. 4s, .
Boston & Maine R.R. 4¿s,
Chic., Burlington & Quincy R.R. 3¿s,
Chic., Burlington & Quincy R.R. 4s,
Cleveland & Pittsburgh R.R, 4£s, .
Fitchburg R.R. 4s, .
Fitchburg R.R. 5s, .
Milford & Woonsocket R.R. 5s,
New York Central & Hudson River
R.R. 3 è s , ....................................
New York, New Haven & Hartford
R.R. 3 à s , ....................................
New York, New Haven & Hartford
R.R. 4s, .............................................
Old Colony R.R. 4s,.
Peoria & Northwestern R.R. 3£s,
Worcester, Nashua & Roch. R.R. 4s,


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

$50,000
20,000
10,000
15,000
50,000
25,000
10,000
10,000
20,000
4,000

Estimated
Market Value.

$50,000
20,400
10,700
17,550
47,500
26,500
11,700
10,550
20,500
4,000

00
00
00
00
00
00
00
00
00
00

Amount Invested.

$50,000
20,000
10,000
15,000
49,122
25,000
10,000
10,000
20,000
4,000

00
00
00
00
50
00
00
00
00
00*

50,000

49,250 00

47,750 00

75,000

72,000 00

74,000 00

75,000
12,000
25,000
45,000

78,750
12,600
24,250
45,900

75,000
12,000
23,750
45,000

00
00
00
00

00
00
00
00

$496,000 $502,150 00 $490,622 50 '
* A legal investment when made.

418

KEPOKT OF THE

[Pub. Doc.

M ilford S a v in g s B an k — Concluded.
Boston Term inal Company Bonds.
Par Value.

Boston Terminal Company 3£s,

Estimated
Market Value.

Amount Invested.

$100,000 $111,000 00 $103,812 50

Total Am ount o f Loans, with Each Specified Bate o f Interest.
Amount.

$25,073
84,500
103,400
599,533

Kate.

32
00
00
33

2 per cent.
3è
“
3|
“
4
“

Amount.
$67,000
285,606
4,000
442,365

00
31
00
00

Rate.

Amount.

Kate.

4f per cent.
H
“
4|
5
“

$3,200
20,715
450
1,125

5£ per cent.
6
“
6i
“
7

1

00
00
00
00

Amount invested in real estate for banking purposes,...................................
Estimated value of the s a m e , ......................................................................
Assessed value of the s a m e ,..............................................................................
Net income received from same during year ending Oct. 31, 1905,
Value, by books, of other real estate held or owned by foreclosure or
otherwise, .........................................................................................................
Assessed value of s a m e , ...............................................................................
Number of loans which are of an amount not exceeding $3,000 each, 389
Aggregate amount of the same............................................................................
Total number of loans upon real e s t a t e , ............................................335
Amount of investments from which no income is recei ved, . . . .
Gross amount of interest or profits received, as per books, during year
ending Oct. 31, 1 9 0 5 ,.......................................................................................
Times when dividends are payable, as fixed by the by-laws: second Satur­
day of April and October. Deposits commence to draw interest: second
Saturday of January, April, July and October.
Rate and amount of each semi-annual dividend f If per cent., $42,353 85 1
during the year ending Oct. 31,1905,
.
1 1 | per cent., 42,827 98 1
Number of accounts opened during the year ending Oct. 31, 1905,
1,082
Number of accounts closed during the year ending Oct. 31, 1905,
. 760
. . . .
8,360
Total number of open accounts Oct. 31, 1905,
Total expenses of the corporation for the year ending Oct. 31, 1905 (ex­
clusive of taxes),
........................................................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 5 ,.......................................................................................
Number of s a m e , ...............................................................................7,602
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1905.........................................................................................................
Number of s a m e , ...............................................................................
6 409
Date of examination by commissioner: March 30.


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

$25,000
25.000
24.000
861

00
00
00
34

11.130 60
11,650 00
375,389 00
11.130 60
113,425 83

85,181 83

4,929 51
477,685 86

480,538 85

No. 8.]

SAYINGS BANK COMMISSIONEBS

419

M IL L B U R Y S A V IN G S B A N K — M IL L B U R Y .
Incorporated April 10, 1854.
I ra N. G o d d a r d , President.
A mos A r m s b t , Treasurer.
A mos A r m s b t , Clerk o f the Corporation.

Names of committee charged with the investment of its funds :
D a m ie n D u c h a r m e ,
I ra N. G o d d a r d ,
G eorge J. D u d l e y ,

H e n r y W . Ca r t e r ,
A ugustus S. W in t e r ,
J acob R. L in c o l n .

Open for business every business day except Saturdays, 9 a .m . to 3 p . m . ; Saturdays,
9 a . m . to 12 M.
B a la n c e S h e e t O ct . 81, 1905.

A ssets.

Public funds, as per schedule, .
Bank stock, as per schedule,
Loan on bank stock, .
Railroad bonds, as per schedule,
Street railway bonds, as per
schedule,...................................
Boston Terminal Co. bonds,
Stocks, bonds, etc., taken to secure indebtedness, .
Real estate (for banking purposes), .
. •
.
Real estate by foreclosure, etc.,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
( n o t e s ) , ...................................
Deposits in banks, on interest, .
Deposit in bank, not on interest,
Expense account,
Premium account,
Suspense account,
Cash on hand................................

L ia b il it ie s .

$93,000
41,765
5,000
264,000

00
00
00
00

63,000 00
20,000 00

Deposits, .
Guaranty fund,
Interest account,
Profit and loss account, .
Reserve profits,
Insurance account, .

$1,179,829 63
59,500 00
20,125 69
27,997 01
10,000 00
316 77

8,950 00
22,000
16,809
487,010
189,314

00
62
95
00

28,250 00
56,100 00
1 98
1,171 32
38 15
93 81
1,264 27
$1,297,769 10

$1,297,769 10

Cash on Deposit in Banks, amount in each : —
First National Bank, B o s t o n , ......................................................................$26,000 00
Millbury National Bank, M illb u r y ,............................................................. 30,101 98
Loan on Bank Stock: —
50 shares Spencer National Bank, S p e n c e r , ............................................ $5,000 00


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

420

REPORT OF THE

[Pub. Doc

M illb u ry S av in g s B a n k — Continued.
Detailed Statement o f Public Funds.
Par Value.

City of Bay City, Mich., 5s,
of Chicago, 111., 4s, .
of Kansas City, Mo., 4£s,.
of Milwaukee, Wis,, 5s, .
of New Britain, Conn., 4s,
of Saginaw, Mich,, 4s,
of Sioux City, Iowa, 4 £ s,.
Town of W estborough, Mass., 5s, .

Estimated
Market Value.

$5,000
20,000
25.000
10.000
10,000
10,000
10,000
3,000
$93,000

$5,275
20,575
27.000
10,350
10,500
10.000
10,600
3,105

00
00
00
00
00
00
00
00

$97,405 00

Amount Invested.

$5,000
20,000
25.000
10.000
10,000
10,000
10,000
3,000

00
00
00
00
00
00*
00
00

$93,000 00

* A legal investment when made.

No. of
Shares.

Detailed Statement o f B ank Stocks.
Par Value.

20 Continental N ’l Bank, Boston,
50 F irst Ward Nat’l Bank, Boston,
23 Merchants N at’l Bank, Boston,
57 N’l B’k of Commerce, Boston,
3 Old Boston N at’l Bank, Boston,
35 Second National Bank, Boston,
25 South End N at’l Bank, Boston,
53 State National Bank, Boston, .
10 W ebster and Atlas National
Bank, Boston,
30 Grafton N at’l Bank, Grafton, .
3 Leicester N at’l Bank, Leicester,
114 M illbury N at’l Bank, Millbury,
10 Mechanics N’l B’k, Worcester,
30 W orcester N’l B’k, Worcester,

Estimated
Market Value.

Amount Invested.

$5,000
2,300
5,700
300
3,500
2,500
5,300

$100
8,750
4,646
8,664
315
7,455
2,250
8,003

00
00
00
00
00
00
00
00

$5,000
2,300
5,700
300
3,500
2,500
5,300

00
00
00
00
00
00
00

1,000
750
15
11,400
1,000
3,000

1,420
750
15
11,400
1,080
5,700

00
00
00
00
00
00

1,000
750
15
11,400
1,000
3,000

00
00
00
00
00
00

$41,765

$60,548 00

$41,765 00

Detailed Statement o f Street Railway Boiids.
Par Value.

Boston & Northern Street Railway
Company 4 s ,....................................
East Middlesex Street Railway Co. 5s,


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Federal Reserve Bank of St. Louis

Estimated
Market Value.

Amount Invested.

$4,650 00
11,100 00

$5,000 00*
10,000 00

$5,000
10,000

A legal investment when made.

No. 8.]

SAVINGS BANK COMMISSIONEKS.

421

M illb u ry S a v in g s B a n k — Continued.
Detailed Statement of Street Railw ay Bonds — Concluded.
Par Value.

Lynn & Boston Railroad Co. 5s,
Naumkeag Street Railway Co. 5s, .
Springfield Street Railway Co. 4s, .
W est End Street Railway Co. 4s, .

Estimated
Market Value.

$15,000
5,000
13.000
15.000

$16,650
5,175
13,390
15,575

$63,000

$66,540 00

00
00
00
00

Amount Invested.

$15,000
5,000
13.000
15.000

00*
00*
00
00

$63,000 00

* Legal investments when made.

Detailed Statement o f Railroad Bonds.

Adirondack R.R. 4¿s,
Boston & Albany R.R. 4s,
Boston & Maine R.R. 4¿s,
Boston, Revere Beach & Lynn R.R.
4 * s , .............................................
Cedar Rapids & Missouri River R.R.
7 s , ......................................................
Chic,, Burlington & Quincy R.R. 3£s,
Chicago & Northwestern R.R. 7s, .
Fitchburg R.R. 4s, .
Hannibal & St. Joseph R.R. 6s,
Illinois Central R.R. 3s, .
Illinois Central R.R. 3 ¿s,.
Illinois Central R.R. 4s, .
Kansas City, St. Joseph & Council
Bluffs R.R. 7s...................................
Maine Central R R. 4s,
Maine Central R.R. 5s,
Maine Central R.R. 7s,
Minnesota & Iowa R.R. 3£s, .
New York Central & Hudson River
R.R. S i s , ....................................
New York, New Haven & H artford
R.R. 3 ¿ s , ....................................
New York, New Haven & H artford
R.R. 4 s ,.............................................
Ottumwa, Cedar Falls & St. Paul
R.R. 5 s ,.............................................
Portland & Rumford Falls R.R. 4 s,.
St. Johnsbury & Lake Champlain
R.R. 5 s ,..............................................


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Federal Reserve Bank of St. Louis

Par Value.

Estimated
Market Value.

$5,000
7,000
6,000

$5,775 00
7,210 00
7,080 00

$5,000 00
7,000 00
6,000 00

16,000

17,920 00

16,000 00

5,500
14,000
15,000
16,000
11,000
6,000
25,000
8,000

7,040
13,370
18,500
16,800
12,210
5,100
23,625
8,520

00
00
00
00
00
00
00
00

5,500
14,000
15,000
16,000
11,000
6,000
25,000
8,000

00
00
00
00
00
00
00
00

11,000
5,000
500
15,000
15,000

11,412
5,100
537
17,775
14,625

50
00
50
00
00

11,000
5,000
500
15,000
15,000

00
00
00
00
00

Amount Invested.

10,000

9,875 00

10,000 00

10,000

9,600 00

10,000 00

30,000

31,837 50

30,000 00

5,000
10,000

5,200 00
10,450 00

5,000 00
10,000 00

18,000

22,320 00

18,000 00

$264,000 $281,882 50 $264,000 00

422

REPORT OF THE

[Pub. Doc.

M illb u ry S a v in g s B a n k — Concluded.
Boston Terminal Company Bonds.
Par Value.

Boston Term inal Company 3is,

$20,000

Estimated
Market Value.

Amount Invested.

$22,200 00

$20,000 00

Total Am ount of Loans, with Each Specified Rate o f Interest.
Amount.

$100
26,000
30,000
5,000

Rate.

00
00
00
00

2 per cent.
2è
“
3
“
3è
“

Amount.

$73,250
30.000
53,800
40.000

Rate.

00
00
00
00

4 per cent.
4J
“
4è

4|

“

Amount.

$428,755
11,044
64,315
3,410

Rate.

95
00
00
00

5 per cent.
H
“
«
“

6
6i

Amount invested in real estate for banking purposes,...................................
Estimated value of the s a m e , ......................................................................
Assessed value of the s a m e ,...............................................................................
Value, by books, of other real estate, held or owned by foreclosure or
o th e r w is e ,.........................................................................................................
Assessed value of the same, ...............................................................................
Number of loans which are of an amount not exceeding $3,000 each, 254
Aggregate amount of the s a m e , ......................................................................
Total number of loans upon real e s t a t e , ............................................287
Amount of investments from which no income is received, . . . .
Gross amount of interest or profits received, as per books, during year
ending Oct. 31, 1 9 0 5 ,.......................................................................................
Times when dividends are payable, as fixed by the by-laws: second
Monday of January and July. Deposits commence to draw interest:
first day of January, April, July and October.
Rate and amount of each semi-annual dividend ( 2 per cent., $22,010 44 1
during the year ending Oct. 31, 1905,
. 1 2 per cent.,
22,494 94 1
Number of accounts opened during the year ending Oct. 31, 1905, . 346
Number of accounts closed during the year ending Oct. 31, 1905,
. 204
Total number of open accounts Oct. 31, 1905,
. . . .
2,440
Total expenses of the corporation for the year ending Oct. 31, 1905 (ex­
clusive of taxes),
.............................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 5 ,........................................................................................
Number of s a m e , ............................................................. ..........
1,754
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 9 0 5 , ................................................................................................
Number of s a m e , ....................................................
1,335
Date of examination by commissioner: May 29.


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Federal Reserve Bank of St. Louis

$22,000 00

30,000 00
11,800 00
16,809 62
18,125 00
254,610 95
25,759 62
56,122 60

44,505 38

3,042 12
128,177 19

116,716 84

No. 8.]

SAVINGS BANK COMMISSIONERS

423

M IL T O N S A V IN G S B A N K —M IL T O N .

Incorporated June 15, 1905.
H. Cl if f o r d G a l l a g h e r , President.

W il l ia m B. T h u r b e r , Treasurer.
J o h n F . P e r k in s , Clerk oJ the Corporation.

Names of committee charged with the investment of its funds:
H . Cl if f o r d Ga l l a g h e r ,
N a t h a n ie l H . S to ne ,
F r a n c is R. H a r t ,
G eorge W ig g l e sw o r t h ,
J ohn T a lb o t .

Open for business Tuesdays and Saturdays, 4 to 7 f .m . ; also Thursdays, 4 to 6 p .m .

B alance S heet Oct . 31, 1905.

A ssets.

Public funds, as per schedule, .
Loan on public funds,
Loans on personal security,
Deposits in banks, on interest, .
Accrued interest,
Cash on hand, . . . .

L ia b il it ie s .

$5,115
10,000
5,000
• 5,271
20
100

00
00
00
95
05
00

$25,507 00

Cash on Deposit in Banks, amount in each : —
Old Colony Trust Company, Boston, .
City Trust Company, Boston..................................
Blue Hill National Bank, Milton,
Loan on Public Funds : —
$6,000 State of Massachusetts 3s,
5,000 Illinois Central R.R. 4s, .

.

.

.

Deposits,

*

*

$25,507 00

$25,507 00

$2,016 05*
1,000 00

2,255 90*

■I $10,000 00

* The bank has been notified that these amounts are in excess of the legal limit.

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Federal Reserve Bank of St. Louis

424

REPOET OF THE

[Pub. Doc.

M ilton S avin gs B a n k — Concluded.
Detailed Statement o f Public Funds.

City of Boston, Mass., 3ès,

Par Value.

Estimated
Market Value.

$5,000

$5,115 00

Amount Invested.

$5,115 00

Total Am ount o f Loans, with Each Specified Rate of Interest.
Amount.

$5,271 95

Kate.

2 per cent.

Amount.

$5,000 00

Rate.

4 | per cent.

Amount.

$10,000 00

Rate.

5 per cent.

Times when dividends are payable, as fixed by the by-laws: fourth Thurs­
day of March and September. Deposits commence to draw interest:
second Thursday of March, June, September and December.
Number of accounts opened during the year ending Oct. 31, 1905, . 193
Total number of open accounts Oct. 31, 1 9 0 5 , ................................... 193
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 5 ,....................................................................................... $25,789 00
Number of s a m e , ....................................................................................... 242
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1905.........................................................................................................
282 00
Number of s a m e , ....................................................................................... 4
Date of examination by commissioner: October 31.


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Federal Reserve Bank of St. Louis

No. 8.]

SAYINGS BANK COMMISSIONERS.

425

M O N SO N S A V IN G S B A N K — M O N SO N .
Incorporated March 29, 1872.
E d w a r d D. C u sh m a n , President.
C h a r l e s A. B r a d w a y , Treasurer.
Ch a r l e s A. B r a d w a y , Clerk o f the Corporation.

Names of committee charged with the investment of its funds :
E d w a r d D. C u s h m a n ,
A r t h u r D. N orcross ,
Carlos M. G a g e ,
L y m a n C. F l y n t .

Open for business every business day except Saturdays, 9 a .m . to 12 m . ; 1 to 4 p . m . ;
Saturdays, 9 a . m . to 12 m .

B alance S heet Oct. 31,1905.

A ssets.

Public funds, as per schedule, .
Bank stock, as per schedule,
Loans on bank stock,.
Railroad bonds, as per schedule,
Street railway bonds, as per
schedule,...................................
Boston Terminal Co. bonds,
Real estate (for banking pur­
poses), ...................................
Real estate by foreclosure, etc.,
Loans on real estate, .
Loans on personal security,
Deposits in banks, on interest, .
Deposit in bank, not on interest,
Expense account,
Cash on hand, .
.
.
.

L ia b il it ie s .

$130,000
25,005
3,800
229,795

00
00
00
00

44,950 00
35.000 00
29.000
18,779
997,263
77,512
112,640
1,754
341
4,707

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

$1,598,748 75
74,000 00
35,612 72
1,884 45
301 98

00
38
00
00
09
70
52
21

$1,710,547 90

$1,710,547 90

Cash on Deposit in Banks, amount in each : —
Monson National Bank, M o n s o n , ............................................................. $1,754 70
Northampton National Bank, N o r th a m p to n ,............................................
10,000
Chapin National Bank, S p r in g fie ld ,.............................................................
9,100
Chicopee National Bank, Springfield,.............................................................
10,075
City National Bank, Springfield,......................................................................
15,494
Springfield National Bank, S p r in g f ie ld ,....................................................
29,290
Springfield Safe Deposit and Trust Company, Springfield,
.
.
.
25,271
Hampden Trust Company, S p r in g fie ld ,.....................................................
3,043
Third National Bank, Springfield.....................................................................
10,240
Pynchon National Bank, Springfield (in liquidation),
. . . .
125


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Federal Reserve Bank of St. Louis

00
11
00
30
17
24
20
82
25

426

[Pub. Doc

REPORT OF THE
M on son S a v in g s B a n k — Continued.

Loans on Bank Stock, amount on each: —
20 shares Monson National Bank, Monson,
. . . .
3 shares Monson National Bank, Monson,
. . . .
18 shares Ware National Bank, W a r e , ...................................

$2,000 00

300 00
1,500 00

Detailed Statement o f Public Funds.
Par Value.

County of Middlesex, Mass., 4s,
City of Brockton, Mass., 4s,
of Burlington, Yt., 4s,
of Chicago, 111., 4s, .
of Everett, Mass., 4s,
of Grand Rapids, Mich., 4¿s, .
of Holyoke, Mass., 4s,
of Lynn, Mass., 4s, .
of Malden, Mass., 4s,
of Newton, Mass., 4s,
Town of Methuen, Mass., 4s, .
of Monson, Mass., 4s, .
of Natick, Mass., 4s,

$10,000
10,000
5,000
10,000
10,000
10,000
10,000
10,000
10,000
10,000
5,000
20,000
10,000

Estimated
Market Value.

$10,425
10,537
5,012
10,075
10,675
10,525
10,425
10,175
10,650
10,875
5,350
20,700
10,562

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

Amount Invested.

$10,000
10,000
5,000
10,000
10,000
10,000
10,000
10,000
10,000
10,000
5,000
20,000
10,000

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

$130,000 $135,987 50 $130,000 00

No. o f
Shares.

Detailed Statement o f B ank Stocks.

12 First National Bank, Boston, .
30 Merchants N at’l Bank, Boston,
25 N’l B’k of Commerce, Boston,
5 N at’l Exchange Bank, Boston,
5 Tremont N at’l Bank, Boston, .
25 City National Bank, Holyoke,
90 Monson N at’l Bank, Monson, .
15 Palm er N at’l Bank, Palmer, .
11 Agawam N’l B’k, Springfield,
20 City N at’l Bank, Springfield, .
20 First N at’l Bank, Springfield, .
3 W are National Bank, W are, .


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Federal Reserve Bank of St. Louis

Par Value.

$1,200
3,000
2,500
500
175
2,500
9,000
1,500
330
2,000
2,000
300
$25,005

Estimated
Market Value.

$3,300
6,060
3,800
750

00
00
00
00

-

2,875
11,250
1,500
55
2,900
2,300
330

00
00
00
00
00
00
00

$35,120 00

Amount Invested.

$1,200
3,000
2,500
500
175
2,500
9,000
1,500
330
2,000
2,000
300

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

$25,005 00

\

No. 8.]

SAYINGS BANK COMMISSIONERS.

427

M on son S av in g s B a n k — Continued.
Detailed Statement o f Street Railway Bonds.

Boston & N orthern Street Railway
Co. 4 s , .............................................
Springfield Street Railway Co. 4s, .
W est End Street Railway Co. 4s,

Estimated
Market Value.

Amount In V übted.

$10,000
25,000
10,000

$9,500 00
25,750 00
10,550 00

$9,950 00*
25,000 00
10,000 00

$45,000

$45,800 00

$44,950 00

* A legal investment when made.

Detailed Statement o f Railroad Bonds.
Estimated
Market Value.

Boston & Albany R.R. 4s,
Boston & Lowell R.R. 4s,
Boston & Maine R.R. 4s,
Boston & Providence R.R. 4s, .
Chic., Burlington & Quincy R.R. 3¿s,
Chic., Burlington & Quincy R.R. 4s,
Cleveland & Pittsburgh R.R. 4£s, .
Concord & Montreal R.R. 4s, .
Connecticut River R.R. 4s,
Conn. & Passumpsic Rivers R.R. 4s,
Eastern R.R. 6s,
. . .
Fitchburg R.R. 4s, .
Illinois Central R.R. 3¿s,
Lake Shore & Michigan Southern
R.R. 3¿s,
....................................
Maine Central R.R. 4s,
Michigan Central R.R. 3¿s,
New York Central & Hudson River
R.R. 3¿s,
....................................
New York, New Haven & Hartford
R.R. 4s, .............................................
Norwich & W orcester R.R. 4s,
Old Colony R.R. 4 s ,.
Sioux City & Pacific R.R. 3 ¿ s ,.


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Federal Reserve Bank of St. Louis

$10,000
15,000
10,000
10,000
10,000
14,000
10,000
10,000
10,000
10,000
12,000
10,000
20,000

$10,337
15,418
10,650
10,400
9,550
14,709
11,700
10,325
10,800
10,800
12,210
10,525
18,900

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

$10,000
15,000
10,000
10,000
10,000
14,000
10,000
10,000
10,000
10,000
12,000
10,000
19,400

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

10,000
10,000
10,000

10,000 00
10,175 00
9,800 00

10,000 00
10,000 00
9,912 50

10,000

9,900 00

9,982 50

10,000
10,000
10,000
10,000

10,550
10,450
10,750
9,650

00
00
00
00

10,000
10,000
10,000
9,500

00
00
00
00

$231,000 $237,600 25 $229,795 00

428

REPO RT OF T H E

[Pub. Doc.

M on son S a v in g s B a n k — Concluded.
Boston Terminal Company Bonds.
E s tim a te d
A m o u n t In v e ste d .

P a r V a lu e .
M a r k e t V a lu e .

Boston Terminal Company 3£s,

$85,000

$38,850 00

$35,000 00

Total Am ount oj Loans, with Each Specified Rate of Interest.
A m o u n t.

R a te.

$112,640 09
36,000 00

3 per cent.
4é
“

A m o u n t.

R a te.

$1,028,425 00 5 per cent.
2,000 00 5 h
“

A m o u n t.

$12,150 00

R a te.

6 per cent.

Amount invested in real estate for banking purposes......................................$29,000 00
Estimated value of the s a m e , ......................................................................
29,000 00
Assessed value of the s a m e ,.............................................................
.
.
18,000 00
Net income received from same during the year ending Oct. 31, 1905,
.
796 72
Value, by books, of other real estate, held or owned by foreclosure or
otherwise............................................................................................
18,779
38
Assessed value of the same................................................................
15,500
00
Net income received from same during the year ending Oct. 31, 1905,
.
838 47
Number of loans which are of an amount not exceeding $3,000 each, 287
Aggregate amount of the s a m e , ......................................................................
467,180 00
Total number of loans upon real e s t a t e , ............................................382
Amount of investments from which no income is received,
.
.
.
330 00
Gross amount of interest or profits received, as per books, during year
ending Oct. 31, 1 9 0 5 ,.......................................................................................
75,511 40
Times when dividends are payable, as fixed by the by-laws : first Monday
of April and October. Deposits commence to draw interest : first day
of January, April, July and October.
Rate and amount of each semi-annual dividend f 2 per cent., $29,914 36 1 gQ ^ jq
during the year ending Oct. 31, 1905,
.
1 2 per cent.,
30,787 40 i
’
Number of accounts opened during the year ending Oct. 31, 1905,
392
Number of accounts closed during the year ending Oct. 31, 1905,
303
Total number of open accounts Oct. 31, 1905,
. . . .
3,154
Total expenses of the corporation for the year ending Oct. 31, 1905 (ex­
clusive of taxes),
.......................................................................................
2,99849
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 5 ,.......................................................................................
230.072 39
Number of same,
«
............................................................. 2,143
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 9 0 5 , ................................................................................................
207,052 46
Number of s a m e , ...............................................................................1,691
Date of examination by commissioner : September 20.


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Federal Reserve Bank of St. Louis

No. 8.]

429

SAYINGS BANK COMM ISSIONERS.

N A N T U C K E T IN S T IT U T IO N POE, S A V IN G S —
NANTUCKET.

Incorporated April 2, 1834.
D a v id F o lg e r , President.
G eorge H . B rock , Treasurer.
G eorge H . B rock , Clerk o f the Corporation.

Names of committee charged with the investment of its funds :
D avid F o lg e r ,
L e w is F . B u c h a n a n ,
D a v id P a r k e r ,
H enr y B row n,
A lm on T. M o w r y ,
C h a r l e s E. S n o w ,
H enry P . B row n.

Open for business every business d a y from May to November, 9 a . m . to 1 p .m . ;
November to May, 10 a .m . to 1 p . m .

B

alance

Sh

eet

O c t . 31, 1905.

A ssets.

Public funds, as per schedule, .
Bank stock, as per schedule,
Loans on bank stock,
Railroad bonds, as per schedule,
Street railway bonds, as per
schedule,...................................
Boston Terminal Co. bonds,
Real estate (for banking pur­
poses), ...................................
Real estate by foreclosure, etc.,
Loans on real estate, .
Loans on personal security,
Deposits in banks, on interest, .
Expense account,
Cash on hand, . . . .

L ia b il it ie s .

$46,000
8,700
3,000
101,500

00
00
00
00

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

$663,993 68
33,292 39
17,446 18

12,000 00
20,000 00
4,500
950
434,129
56,150
26,171
762
869

00
00
00
00
21
44
60

$714,732 25

$714,732 25

Cash on Deposit in Banks, amount in each : —
Eliot National Bank, B o s t o n , ...................................................................... $11,140 01
Pacific National Bank, N a n t u c k e t , ............................................................. 15,031 20


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Federal Reserve Bank of St. Louis

430

R EPO R T OF T H E

[Pub. Doc.

N a n tu c k e t In stitu tio n for S av in g s — Continued.
Loans on Bank Stock, amount on each : —
9 shares Merchants National Bank, New B e d fo r d ,...............................
22 shares Pacific National Bank, Nantucket...................................................

$800 00
2,200 00

Detailed Statement o f Public Funds.
E s tim a te d
P a r V a lu e .

City of Bay City, Mich., 4s,
of Beverly, Mass., 4s,
of Grand Rapids, Mich., 4£s, .
of Middletown, Conn., 3£s,
of Rockford, 111., 4^s,
of Saginaw, Mich , 4£s, .
of Sioux City, Iowa, 4£s,.
Town of Billerica, Mass., 4s, .

M a r k e t V a lu e .

$3,000
1,000
10,000
3,000
4,000
0,000
15,000
5,000
$46,000

$3,105
1,022
10,525
2,992
4,370
5,250
15,637
5,381

00
00
00
00
00
00
00
00

$48,282 00

A m o u n t In v e ste d .

$3,000
1,000
10,000
3,000
4,000
5,000
15,000
5,000

00
00
00
00
00
00*
00
00

$46,000 00

* A legal investment when made.

N o. of

S h a res.

Detailed Statement o f B ank Stocks.
P a r V a lu e .

E s tim a te d
M a r k e t V a lu e .

10 Boylston Nat’l Bank, Boston, .
10 Continental N ’l Bank, Boston,
15 Eliot National Bank, Boston, .
10 Faneuil Hall N’l B’k, Boston, .
8 Metropolitan N ’l Bank, Boston,
10 N at’l Exchange Bank, Boston,
10 Old Boston N at’l B’k, Boston,.
10 South End Nat’l Bank, Boston,
5 National Bank of Fairhaven,
Fairh aven, .
.
.
.
10 Pacific N at’l Bank, Nantucket,

$1,000

00
00
00
00
00
00
00
00

$1,000 00

400
1,000

400 00
1,300 00

400 00
1,000 00

$8,700

$11,454 00

$8,700 00

_

1,500
1,000
800
1,000
1,000
1,000

$1,000
50
3,000
1,310
944
1,500
1,050
900

A m o u n t In v e ste d .

_

1,500
1,000
800
1,000
1,000
1,000

00
00
00
00
00
00

Detailed Statement o f Street Railway Bonds.
P a r V a lu e .

E s tim a te d
M a r k e t V a lu e .

W est End Street Railway Co. 4s, .
Springfield Street Railway Co. 4s, .


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Federal Reserve Bank of St. Louis

A m o u n t In v e ste d .

$2,000
10,000

$2,061 00
10,266 00

$2,000 00
10,000 00

$12,000

$12,327 00

$12,000 00

No. 8.]

431

SAVINGS BANK COM M ISSIONERS.

N a n tu c k e t In stitu tio n for S av in g s — Continued.
Detailed Statement o f Railroad Bonds.
E s tim a te d
P a r V a lu e .

Boston & Lowell R.R. 4s,
Boston & Maine R.R. 4s, .
Boston, W inthrop & Shore R.R. 5s,
Chic., Burlington & Quincy R.R, 3¿s,
Grafton & Upton R.R. 4s,
Illinois Central R.R. 3£s,.
Illinois Central R.R. 4s, .
Maine Central R.R. 7s,
New York, New Haven & H artford
R.R. 4 s ,.............................................
U pper Coos R R. 4s,
Upper Coos R.R. 4¿s,
Winona & St. Peters R.R. 7s, .

M a r k e t V a lu e .

A m o u n t I n v e ste d .

$6,000
5,000
6,000
22,000
5,000
17,000
8,000
5,000

$6,000
5,333
6,015
20,955
4,000
15,980
8,460
5,925

00
00
00
00
00
00
00
00

$6,000
5,000
6,000
22,000
5,000
17,000
8,000
5,000

00
00
00
00
00*
00
00
00

10,000
500
10,000
7,000

10,200
510
11,000
9,065

00
00
00
00

10,000
500
10,000
7,000

00
00
00
00

$101,500 $103,443 00 $101,500 00
* A legal investment when made.

Boston Terminal Company Bonds.
E s tim a te d
P a r V a lu e .

Boston Term inal Company 3ès,

$ 2 0 ,0 0 0

A m o u n t In v e ste d .
M a r k e t V a lu e .

$ 2 2 ,2 0 0

00

$ 2 0 ,0 0 0

00

Total Amount o f Loans, with Each Specified Rate of Interest.

K a te .

A m o u n t.

$26,171 21
13,000 00

2¿ per cent.
4
“

A m o u n t.

$55,700 00
261,925 00

K a te.

4£ per cent.
5
“

A m o u n t.

$18,200 00
144,454 00

Rate.
5¿ per cent.
6

Amount invested in real estate for banking purposes,................................... $4,500 00
Estimated value of the same................................................................................
4,500 00
Assessed value of the s a m e ,...............................................................................
5,000 00
Net income received from same during year ending Oct. 31, 1905, .
.
193 69
Value, by books, of other real estate held or owned by foreclosure or other­
wise, ................................................................................................
.
.
950 00
Assessed value of the s a m e ,...............................................................................
1,250 00
Net income received from same during the year ending Oct. 31, 1905,
.
160 98
Number of loans which are of an amount not exceeding $3,000 each, 235
Aggregate amount of the same............................................................................
212,285 00
Total number of loans upon real e s t a t e , ............................................ 245


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Federal Reserve Bank of St. Louis

R EPO R T O F T H E

432

[Pub. Doc

N a n tu c k e t I n stitu tio n for S av in g s — Concluded.
Gross amount oi interest or profits received, as per books, during year
$35,635 42
ending Oct. 31, 1 9 0 5 ,.......................................................................................
Times when dividends are payable, as fixed by the by-laws : second Mon­
day of January and July. Deposits commence to draw interest: first
Monday of January, April, July and October.
Rate and amount of each semi-annual dividend f 2 per cent.,
$12,559 62 1 25,105 02
during the year ending Oct. 31, 1905,
. 1 2 per cent.,
12,545 40 J
Number of accounts opened during the year ending Oct. 31, 1905, . 139
Number of accounts closed during the year ending Oct. 31, 1905,
. 133
Total number of open accounts Oct. 31, 1905,
. . . .
1,529
Total expenses of the corporation for the year ending Oct. 31, 1905 (ex­
2,194 44
clusive of taxes),
.......................................................................................
Amount of deposits, not including dividends, received during the year
89,364 62
ending Oct. 31, 1 9 0 5 ,.......................................................................................
Number of same............................................................................................939
Amount of withdrawals, including dividends, during the year ending
92,243 09
Oct. 31, 1 9 0 5 , ................................................................................................
Number of s a m e , ...............................................................................1,374
Date of examination by commissioner: September 15.


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Federal Reserve Bank of St. Louis

No. 8.]

SAYINGS BANK COMM ISSIONERS.

433

N A T IC K F I V E C E N T S S A V IN G S B A N K — N A T IC K .
Incorporated April 5, 1859.
J o hn 0 . W il so n , President.
F r e d e r ic k 0 . B aston , Treasurer.
F r e d e r ic k 0 . B aston , Clerk o f the Corporation.

Names of committee charged with the investment of its funds:
W il l ia m N u tt ,
F r e d e r ic k 0 . B aston ,
H e n r y C. M u l l ig a n ,

F r ancis B ig e l o w ,
F rank H . H ayes,
W a l t e r B . R o b in so n .

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

B a l a n c e S h e e t O c t . 31, 1905.

L ia b il it ie s .

A ssets.

Public funds, as per schedule, .
Loan on public funds,
Bank stock, as per schedule,
Loans on bank stock,.
Railroad bonds, as per schedule,
Street railway bonds, as per
schedule,...................................
Real estate (for banking purposes)..........................................
Real estate by foreclosure, etc.,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
(notes)........................................
Loans on depositors’ books,
Deposits in banks, on interest, .
Expense account,
Cash on hand, . . . .

$373,000
500
54,800
1,150
368,000

00
00
00
00
00

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

$2,746,072 24
137,300 00
35,133 92
78,071 52

100,000 00
27,262
16,074
1,697,464
128,592

80
37
00
38

146,700
945
71,054
2,589
8,444

00
00
98
62
53

$2,996,577 68

$2,996,577 68

Cash on Deposit in Banks, amount in each: —
First National Bank, Boston.............................................................................. $20,000 00
National Bank of the Republic, B o s t o n , .....................................................
10,000 00
New England National Bank, B o s t o n , .....................................................
10,000 00
Natick National Bank, N a t i c k ,......................................................................
31,054 98
Loan on Public Funds: —
$1,000 City of Taunton, Mass., 4 s , .............................................................


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Federal Reserve Bank of St. Louis

$500 00

434

REPORT OF THE

[Pub. Doc

N a tic k F iv e C e n ts S a v in g s B a n k — Continued.
Loans on Bank Stock, amount on each : —
12 shares Natick National Bank, N a t i c k , .....................................................
5 shares Natick National Bank, N a t i c k , .....................................................

$975 00
175 00

Detailed Statement o f Public Funds.

City of Akron, Ohio, 4£s,
of Beverly, Mass., 4s,
of Boston, Mass., 4s,
of Boston, Mass., 5s,
of Cleveland, Ohio, 4s,
of Dayton, Ohio, 4 s ,.
of Fall River, Mass., 5s, .
of Lynn, Mass., 4s, .
of Malden, Mass., 4s,
of McKeesport, Pa., 4s, .
of Newton, Mass., 4s,
of Pittsfield, Mass., 3^s, .
of Somerville, Mass., 4s, .
of Springfield, Ohio, 4s, .
of Springfield, Ohio, 5s, .
Town of Belmont, Mass., 4s, .
of Georgetown, Mass., 4s,
of Natick, Mass., 3£s,
of Natick, Mass., 4s,
of Orange, Mass., 4s,
of Wellesley, Mass., 4s,
of Westfield, Mass., 4s, .

Par Value.

Estimated
Market Value.

Amount Invested.

$10,000
7,000
10,000
10,000
5,000
16,000
16,000
26,000
20,000
10,000
25,000
9,000
5,000
6,000
12,000
2,000
5,000
117,000
30,000
9,000
16,000
7,000

$10,565 00
7,350 00
10,225 00
10,150 00
5,125 00
16,637 50
16,775 00
26,187 50
20,272 50
10,460 00
25,972 50
9,000 00
5,100 00
6,165 00
12,805 00
2,000 00
5,070 00
117,585 00
31,700 00
9,177 50
16,450 00
7,105 00

$10,000 00
7,000 00
10,000 00
10,000 00
5,000 00*
16,000 00
16,000 00
26,000 00
20,000 00
10,000 00
25,000 00
9,000 00
5,000 00
6,000 00
12,000 00
2,000 00
5,000 00
117,000 00
30,000 00
9,000 00
16,000 00
7,000 00

$373,000 $381,877 50 $373,000 00
* A legal investment when made.

No. of
Shares.

Detailed Statement o f B ank Stocks.

7 Boylston N at’l Bank, Boston,
5 Continental N ’l Bank, Boston,
9 F irst National Bank, Boston, .
46 Merchants N at’l Bank, Boston,
10 Metropolitan N’l B’k, Boston,.
15 Monument N at’l B’k, Boston, .
46 N ’l B’k of Commerce, Boston,
30 N’l B’k of the Republic, Boston,
15 N at’l Exchange Bank, Boston,


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Federal Reserve Bank of St. Louis

Par Value.

$700

_

900
4,600
1,000

_

4,600
3,000
1,500

Estimated
Market Value.

$700
25
2,475
9,292
1,180
1,050
6,992
4,860
2,250

00
00
00
00
00
00
00
00
00

Amount Invested.

$700 00

_

900 00
4,600 00
1,000 00

_

4,600 00
3,000 00
1,500 00

No. 8.]

SAYINGS BANK COMMISSIONERS

435

N a tic k F iv e C en ts S av in g s B a n k — Continued.
Detailed Statement o f Bank Stocks — Concluded.
o <o
6 Cj

Vh go

10 Second National Bank, Boston,
20 South End N at’l Bank, Boston,
6 State National Bank, Boston,
5 W ebster and Atlas National
Bank, Boston,
20 Winthrop Nat’l Bank, Boston,
55 Home N at’l Bank, Brockton, .
32 F irst National Bank, Chelsea,
33 Dedham N at’l Bank, Dedham,
37 Wachiisett N ’l B’k, Fitchburg,
120 Natick National Bank, Natick,
20 Newton N at’l Bank, Newton, .
17 Framingham National Bank,
South Framingham,
10 F irst N’l Bank, W est Newton,

Par Value.

Estimated
Market Value.

$1,000
2,000
600

$2,130 00
1,800 00
906 00

$1,000 00
2,000 00
600 00

500
2,000
5,500
3,200
3,300
3,700
12,000
2,000

710
4,000
9,900
3,200
3,564
3,700
18,000
1,800

500
2,000
5,500
3,200
3,300
3,700
12,000
2,000

00
00
00
00
00
00
00
00

Amount Invested.

00
00
00
00
00
00
00
00

1,700
1,000

2,176 00
1,350 00

1,700 00
1,000 00

$54,800

$82,060 00

$54,800 00

Detailed Statement o f Street Railw ay Bonds.
Par Value.

Springfield Street Railway Co. 4s, .
W est End Street Railway Co. 4s, .
W est End Street Railway Co. 5s, .

$20,000
77,000
3,000

Estimated
Market Value.

Amount Invested.

$20,600 00
79,347 50
3,030 00

$20,000 00
77,000 00
3,000 00

$100,000 $102,977 50 $100,000 00

Detailed Statement o f Railroad Bonds.
Par Value.

Albany & Susquehanna R.R. 6s,
Boston & Albany R.R. 4s,
Boston & Lowell R.R. 4s,
Boston, Clinton, Fitchburg & New
Bedford R.R. 5s, .
Boston, W inthrop & Shore R.R. 5 s ,.
Chic., Burlington & Quincy R.R. 4s,
Chic., Burlington & Quincy R.R. 5s,
D exter & Piscataquis R.R, 4s, .


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Federal Reserve Bank of St. Louis

Estimated
Market Value.

Amount Invested.

$5,000
10,000
22,000

$5,050 00
10,300 00
22,075 00

$5,000 00
10,000 00
22,000 00

17,000
10,000
24,000
6,000
10,000

17,935
10,050
25,360
6,600
10,450

17,000
10,000
24,000
6,000
10,000

00
00
00
00
00

00
00
00
00
00

436

K EPO RT O F T H E

[Pub. Doc.

N a tic k F iv e C en ts S a v in g s B a n k — Continued.
Detailed Statement o f Railroad Bonds — Concluded.
Par Value.

Eastern R.R. 6s,
. . .
Fitchburg R.R. 4s, .
Fitchburg R.R. 5s, .
Kansas City, St. Joseph & Council
Bluffs R.R. 7s,
. . .
Maine Central R.R. 4s,
Maine Central R.R. 7s,
New York, New Haven & H artford
R.R. 4 s ,.............................................
Old Colony R.R. 4s, .
Pittsburgh, V irginia & Charleston
R R. 4 s ,.............................................
Portland & Ogdensburg R.R. 5s,
Vermont Valley R.R. 5 s ,.
W orcester, Nashua & Roch. R.R. 4s,

Estimated
Market Value.

Amount Invested.

$7,000
1,000
28,000

$7,122 50
1,030 00
28,840 00

$7,000 00
1,000 00
28,000 00

10,000
15,000
83,000

10,375 00
15,300 00
39,105 00

10,000 00
15,000 00
38,000 00

70,000
28,000

71,775 00
29,775 00

70,000 00
28,000 00

8,000
12,000
40,000
12,000

8,560
12,360
42,000
12,540

8,000
12,000
40,000
12,000

00
00
00
00

00
00
00
00

$368,000 $386,602 50 $368,000 00

Total Am ount o f Loans, with Each Specified Rate o f Interest.
Amount.

$71,054 98
68,900 00
128,178 88

Rate.

Amount.

2 per cent.
3i
“
4
“

$19,300 00
1,619,856 50

Rate.

5

per cent.
“

Amount.

$61,365 00
77,751 00

Rate.

5£ per cent.
6
“

Amount invested in real estate for banking purposes,
.
.
.
. $27,262 80
Estimated value of the s a m e , ......................................................................
25,000 00
Assessed value of the s a m e ,...............................................................................
29,600 00
Net income received from same during year ending Oct. 31, 1905,
226 62
Value, by books, of other real estate held or owned by foreclosure or
o th e r w is e ,.........................................................................................................
16,074 37
Assessed value of the same, .
..............................................................
19,700 00
Net income received from same during the year ending Oct. 31, 1905,
490 59
Number of loans which are of an amount not exceeding $3,000 each, 838
Aggregate amount of the s a m e , ...................................................................... 1,138,749 50
Total number of loans upon real e s t a t e , ............................................ 882
Amount of investments from which no income is received,
5,500 00
Gross amount of interest or profits received, as per books, during year
ending Oct. 31, 1 9 0 5 ,.......................................................................................
134,191 97
Times when dividends are payable, as fixed by the by-laws: second
Tuesday of May and November. Deposits commence to draw interest:
first day of February, May, August and November.


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Federal Reserve Bank of St. Louis

No. 8.]

SAYINGS BANK COMMISSIONERS.

437

N a tic k F iv e C en ts S av in g s B a n k — Concluded.
Rate and amount of each semi-annual dividend f 2 per cent., $48,167 29
J $97,693 73
during the year ending Oct. 31, 1905,.
. ( 2 per cent.,
49,526 44
Number of accounts opened during the year ending Oct. 31, 1905,
1,173
Number of accounts closed during the year ending Oct. 31, 1905,
. 828
Total number of open accounts Oct. 31, 1905...................................
10,405
Total expenses of the corporation for the year ending Oct. 31, 1905 (ex­
clusive of taxes)..................................................................................................
5,283 06
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 5 ,.......................................................................................
582,826 40
Number of s a m e , ......................................................................................10,774
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 9 0 5 , ................................................................................................
500,520 86
Number of s a m e , ........................................................................................7,574
Date of examination by commissioner: January 20.


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Federal Reserve Bank of St. Louis

REPORT OF THE

438

[Pub. Doc

N E W B E D F O R D F I V E C E N T S S A V IN G S B A N K — N E W
BEDFO RD.
Incorporated April 14, 1855.
L oum S n o w , President.
W il l ia m H . P it m a n , Treasurer.
J am e s T a y l o e , Clerk o f the Corporation.

Names of committee charged with the investment of its funds:
L oum S n o w ,
W il l ia m B a y l ie s ,
T homas W il c o x ,
P a r k m a n M. L u n d ,
W il l ia m

W il l ia m I t. W in g ,
A r t h u r L. T u c k e r ,
O tis N. P ie r c e ,
A n d r e w G. P ie r c e , Jr.,
'. D ev o l l .

Open for business every business day, 9 a .m . to 1 p . m . ; also Saturdays, 7 to 9 p . m .

B alance Sh eet O ct. 31,1905.

A ssets.

L ia b il it ie s .

Public funds, as per schedule, . $1,185,500 00
Bank stock, as per schedule,
123.000 00
Loan on bank stock, .
800 00
Railroad bonds, as per schedule, 1,080,097 50
Loans on railroad bonds, .
100.000 00
Street railway bonds, as per
schedule......................................
85.000 00
Railroad notes, . . . .
40.000 00
Real estate (for banking pur­
poses),
...................................
92.000 00
Real estate by foreclosure, etc.,
142,746 00
Loans on real estate, .
2,613,513 91
Loans on personal security,
2,674,615 00
Loans to counties, cities or towns
(notes)........................................
560,700 00
Loans on depositors’ books,
820 00
Deposits in banks, on interest, .
131,127 84
Expense account,
1,658 40
Cash on hand, . . . .
10,389 01
$8,841,967 66

Cash on Deposit in Banks, amount in each : —
First National Bank, Boston,
. . . .
Webster and Atlas National Bank, Boston,
First National Bank, New Bedford, .
Mechanics National Bank, New Bedford, .


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Federal Reserve Bank of St. Louis

Deposits, .
Guaranty fund,
Interest account,
Surplus fund, .
Suspense account,
Rent account, .

.

$8,335,018
388,000
17,904
98,770
462
1,811

55
00
40
13
62
96

$8,841,967 66

$25,137
9,089
9,991
23,105

77
83
21
78

No. 8.]

SAYINGS BANK COMMISSIONERS.

439

N e w B e d fo rd F iv e C en ts S av in g s B a n k — Continued.
Merchants National Bank, New Bedford, .
Third National Bank, Springfield..................................
Pynchon National Bank, Springfield (in liquidation),

$5,260 06
58,377 46
165 73

Loan on Bank Stock : —
4 shares Mechanics National Bank, New Bedford,
1 share Merchants National Bank, New Bedford,
3 shares First National Bank, New Bedford,

$800 00

Loans on Railroad Bonds, amount on each : —
$50,000 Chicago, Burlington & Quincy R.R. 4 s , ................................... ■>
3.000 Boston & Maine R E. 4 £ s , ............................................................. t $50,000 00
7.000 Chicago, Wisconsin & Minnesota R.R. 6 s , .........................................J
10.000 New York, New Haven & Hartford R.R. 3¿s, .
.
.
.^
4.000 New York, New Haven & Hartford R.R. 4s,
.
.
.
. I
50,000 00
51.000 Chicago, Burlington & Quincy R.R. 3 ¿ s , ...................................

J

Detailed Statement o f Public Funds,
Par Value.

Massachusetts 3£s, . . . .
City of Bay City, Mich., 4s,
of Bay City, Mich., 5s,
of Boston, Mass., 3£s,
of Boston, Mass., 5s,
of Chicago, 111., 4s, .
of Danbury, Conn., 4s,
of Dayton, Ohio, 4 s,.
of Dayton, Ohio, 5 s ,.
of Detroit, Mich., 4s,
of Fall River, Mass., 4s, .
of Fall River, Mass , 5s, .
of Grand Rapids, Mich., 5s,
of Holyoke, Mass., 3és, .
of Holyoke, Mass., 4s,
of Kansas City, Mo,, 4s, .
of Kansas City, Mo., 4és,
of Lynn, Mass., 4s, .
of Manchester, N. H., 4 s,.
of Meriden, Conn., 4s,
of Milwaukee, Wis., 3£s,.
of New Bedford, Mass., 4s,
of Newton, Mass., 4s,
of Saginaw, Mich., 5ès, .
of Taunton, Mass., 3<£s, .
of W illimantic, Conn., 4s,
Town of Attleborough, Mass., 4s, .
of Middleborough,Mass. (Fire
D istrict), 4s, .


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Federal Reserve Bank of St. Louis

Estimated
Market Value.

$50,000
13,000
5,000
50,000
50,000
20,000
30,000
25,000
50,000
50,000
130,000
17,000
50,000
50,000
36,000
25,000
45,000
25,000
50,000
20,000
40,000
149,000
50,000
10,000
50,000
10,000
43,000
42,500

$52,375
13,240
5,650
50,250
50,500
20,600
31,650
26,375
51,280
53,000
135,250
17,765
51,750
50,250
36,900
26,250
48,262
26,500
51,250
20,500
40,000
159,320
52,250
11,100
50,250
10,700
43,000

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

43,562 50

Amount Invested.

$50,000 00
13,000 00
5,000 00
50,000 00
50,000 00
20,000 00
30,000 00*
25,000 00
50,000 00
50,000 00
130,000 00
17,000 00
50,000 00
50,000 00
36,000 00
25,000 00
45,000 00
25,000 00
50,000 00
20,000 00
40,000 00
149,000 00
50,000 .00
10,000 00*
50,000 00
10,000 00
43,000 00
42,500 00

$1,185,500 $1,229,780 00 $1,185,500 00
Legal investm ents w hen made.

440

REPORT OF THE

[Pub. Doc.

N e w Bedford. F iv e C en ts S av in g s B a n k — Continued.
D e ta ile d S ta te m e n t o f B a n k S to ck s.

«

VO p

•

E s tim a te d

^û

M a r k e t V a lu e .

100 Merchants N at’l Bank, Boston,
40 N at’l Shawmut Bank, Boston,
15 State National Bank, Boston, .
15 Winthrop N at’l Bank, Boston,
100 Franklin N at’l Bank, Franklin,
325 F irst N ’l Bank, New Bedford,
12 Mechanics National Bank,New
Bedford,
. . . .
523 Merchants N at’l Bank, New
Bedford,
. . . .
100 Third Nat’l B’k, New Bedford,

$10,000
4,000
1,500
1,500
10,000
32,500

$20,200
10,400
2,265
3,000
12,000
44,200

00
00
00
00
00
00

A m o u n t In v e ste d .

$10,000
4,000
1,500
1,500
10,000
32,500

00
00
00
00
00
00

1,200

1,788 00

1,200 00

52,300
10,000

105,123 00
21,000 00

52,300 00
10,000 00

$123,000 $219,976 00 $123,000 00

D e ta ile d S ta te m e n t o f S tr e e t R a i lw a y B o n d s.
Estimated
Market Value.

Dartmouth & W estport Street Railway Company 5s.............................
Springfield Street Railway Co. 4s, .
W est End Street Railway Co, 4s, .

$10,000
25,000
50,000

$10,850 00
25,750 00
53,000 00

$10,000 00
25,000 00
50,000 00

$85,000

$89,600 00

$85,000 00

D e ta ile d S ta te m e n t o f R a ilr o a d B o n d s.

Par Value.

Albany & Susquehanna R.R. 6s,
Alban}7 & Susquehanna R.R 7s,
Boston & Albany R.R. 3¿s,
Boston & Lowell R.R. 4s,
.
.
Boston & Maine R.R. 3¿s,
Boston & Maine R.R. 4s, .
Chic., Burlington & Quincy R.R. 3ès,
Chic., Burlington & Quincy R.R. 4s,
Connecticut River R.R. 3£s,
Eastern R.R. 6s,
. . .
Fitchburg R.R. 3<|s, . . . .
Fitchburg R.R. 4s, .


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Federal Reserve Bank of St. Louis

Estimated
Market Value.

Amount Invested.

$144,000 $145,440 00 $144,000 00
7,000
7,087 50
7,000 00
25,000
25,000 00
25,000 00
89,000
89,445 00
89,000 00
35,000
34,650 00
35,000 00
50,000
53,250 00
50,000 00
101,000
96,455 00
99,162 50
25,000
25,375 00
25,000 00
50,000
49,500 00
50,000 00
80,500
81,707 50
80,500 00
25,000
24,750 00
25,000 00
50,000
50,250 00
50,000 00

No. 8.]

SAYINGS BANK COMMISSIONERS.

441

N e w Bedford. F iv e C en ts S a v in g s B a n k — Continued.
Detailed Statement o f Railroad Bonds — Concluded.
Estimated
Market Value.

Amount Invested.

$51,000

$47,940 00

$50,935 00

25,000
50,000
20,000

25,937 50
49,000 00
21,550 00

25,000 00
49,500 00
20,000 00

25,000

23,937 50

25,000 00

100,000
130,000

104,500 00
136,500 00

100,000 00
130,000 00

Par Value.

Illinois Central R.R. 3 è s ,.
Kansas City, St. Joseph & Council
Bluffs R.R. 7s,
. . .
Michigan Central R.R. 3£s,
New England R.R. 4s,
New York, New Haven & Hartford
R.R. 34s,
.
.
.
.
.
New York, New Haven & H artford
R.R. 4 s ,.............................................
Old Colony R.R. 4s, .

$1,082,500 $1,092,275 00 $1,080,097 50

Total Am ount o f Loans, with Each Specified Rate of Interest.
Amount.

$62,593
9,991
58,377
30,000
75,000
25,000
90,000
50,000
177,000

Rate.

44
21
46
00
00
00
00
00
00

2 per cent.
2*
“
3
“
31
«
“

Is» ::
“

Amount.

$50,000
15,000
100,000
28,500
125,000
1,157,700
100,000
777,000

00
00
00
00
00
00
00
00

Rate.

Amount.

Rate.

3£ per cent.
3*
“
3f
3#0 “
31
“
4
“
4£

$25,000 00
812,520 00
25,000 00
77,850 00
805,076 00
4,360 00
1,296,093,91
144,514 73

4$ per cent.
U
44
u
a
u
5
u
5Î
u
54
<
6 * <

$92,000 00
Amount invested in real estate for banking purposes,...................................
115,000 00
Estimated value of the s a m e , ......................................................................
93,400 00
Assessed value of the s a m e ,...............................................................................
1,671 41
Net income received from same during the year ending Oct. 31, 1905,
Value, by books, of other real estate held or owned by foreclosure or
142,746 00
o th e r w ise ,.........................................................................................................
122,950 00
Assessed value of the s a m e ,...............................................................................
5,551 44
Net income received from same during the year ending Oct. 31, 1905,
Number of loans which are of an amount not exceeding $3,000 each, 1,045
Aggregate amount of the s a m e , ...................................................................... 1,212,599 60
Total number of loans upon real e s t a t e , ................................... 1,150
9,968 75
Amount of investments from which no income is received,
Gross amount of interest or profits received, as per books, during year
394,966 91
ending Oct. 31, 1905...........................................................................................
Times when dividends are payable, as fixed by the by-laws: second
Wednesday of April and October. Deposits commence to draw in­
terest: second Wednesday of January, April, July and October.


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Federal Reserve Bank of St. Louis

442

REPORT OF THE

[Pub. Doc

N e w B ed fo rd F iv e C en ts S a v in g s B a n k — Concluded.
Rate and amount of each semi-annual dividend f 2 per cent., $154,824 54 1
337 45
during the year ending Oct. 31, 1905,
.
1 2 per cent., 157,512 91 1 ^
Number of accounts opened during the year ending Oct. 31, 1905,
3,741
Number of accounts closed during the year ending Oct. 31, 1905,
2.611
Total number of open accounts Oct. 31, 1905,
. . . .
27,493
Total expenses of the corporation for the year ending Oct. 31, 1905 (ex­
clusive of taxes),
....................................................................................... 21,817 84
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1905................................................................. .......................... 1,621,697 41
Number of s a m e , ......................................................................................31,303
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1905...............................................................................................
.
1,589,68035
Number of s a m e , ......................................................................................18,729
Date of examination by commissioner: October 25, 26.


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Federal Reserve Bank of St. Louis

No. 8.]

SAYINGS BANK COMMISSIONERS

443

N E W B E D F O R D IN S T IT U T IO N F O R S A V IN G S — N E W
BEDFO RD.
Incorporated June 16, 1825.
W il l ia m W . C rapo , President.
G eorge H . B a tc h e l o r , Treasurer.
W il l ia m G. W ood , Clerk o f the Corporation.

Names of committee charged with the investment of its funds:
W il l ia m W . Cr a p o ,
Cl a r e n c e A. Cook ,
G id e o n A l l e n , Jr.,
O l iv e r P rescott , Jr.,
T hom as B . T r i p p ,
E dw ard T. P ie r c e ,
T homas S. H a t h a w a y .

Open for business every business day, 9 a .m . to 1 p . m .; also Saturdays, 7 to 9 p .m .

B a l a n c e S h e e t Oct. 31, 1905.

A ssets.

L ia b il it ie s .

Public funds, as per schedule, . $2,566,400 00
695,360 00
Bank stock, as per schedule,
Loans on bank stock,.
18,200 00
3,346,742 80
Railroad bonds, as per schedule,
Street railway bonds, as per
200,000 00
schedule,...................................
Railroad notes, . . . .
100,000 00
Real estate (for banking pur­
150.000 00
poses),
...................................
101.099 14
Real estate by foreclosure, etc.,
3,495,796 86
Loans on real estate, .
4,653,888 60
Loans on personal security,
Loans to counties, cities or towns
614.000 00
(notes)........................................
608.099 10
Deposits in banks, on interest, .
1,019 83
Expense account,
.
.
Cash on hand, . . . .
46,517 36

$15,642,950 70
Deposits, .
Guaranty fund,
781,000 00
Interest account,
48,123 94
Profit and loss ac­
125,049 05
count, .

$16,597,123 69

$16,597,123 69

Cash on Deposit in Banks, amount in each : —
First National Bank, B o s t o n , ......................................................................$174,309 47
International Trust Co., Boston,......................................................................
76,384
National Shawmut Bank, B o s t o n , .............................................................
265,788
First National Bank, New B e d fo r d ,.............................................................
37,447
Mechanics National Bank, New B ed ford ,.....................................................
26,859
Merchants National Bank, New Bedford........................................................
26,581
Pynchon National Bank, Springfield (in liquidation),
. . . .
727


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Federal Reserve Bank of St. Louis

55
69
67
48
71
53

444

REPORT OF THE

[Pub. Doc.

N e w B ed fo rd In s titu tio n for S a v in g s — Continued.
o
o

<N

Loans on Bank Stock, amount on each: —
25 shares Falmouth National Bank, Falmouth,
24 shares First National Bank, New Bedford, .
8 shares Mechanics National Bank, New Bedford, .
10 shares Mechanics National Bank, New Bedford, .
20 shares First National Bank, New Bedford, .
100 shares Martha’s Vineyard National Bank, Edgartown,

00

3,200 00
1,000 00
2,000 00
10,000 00

Detailed Statement o f Public Funds.
Par Value.

Massachusetts 3s,
Massachusetts 3is, .
City of Akron, Ohio, 5s, .
of Bay City, Mich., 4s,
of Boston, Mass , 3is,
of Boston, Mass., 5s,
of Canton, Ohio, Sis,
of Chelsea, Mass., 4s,
of Chicago, 111., 4s, .
of Danbury, Conn., 4s,
of Dayton, Ohio, 5 s,.
of Detroit, Mich., 4s,
of Fitchburg, Mass., Sis, .
of Gloucester, Mass., 4s, .
of Grand Rapids, Mich., 4s,
of Grand Rapids, Mich., 5s,
of Kansas City, Mo., 4s, .
of Lynn, Mass., 4s, .
of Milwaukee, Wis., 5s, .
of New Bedford, Mass., 4s,
of New Bedford, Mass., 6s,
of Peoria, 111., 4is, .
of Providence, R. I., 4s, .
of Providence, R. I., 5s, .
of Saginaw, Mich., 4s,
of Salem, Mass., 4 s ,.
of Springfield, Ohio, 4s, .
of Springfield, Ohio, 4is,
of Springfield, Ohio, 5s, .
of Taunton, Mass., 4s,
of W altham, Mass., 4s, .
of Westfield, Mass., 4s, .
of W illimantic, Conn., 4s,
of Woonsocket, R. I., 4s, .
Town of Fairhaven, Mass., 4s,


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

Estimated
Market Value.

Amount Invested.

$200,000 $192,500 00 $193,000 00
340,000 353,618 75 340,000 00
44,500
45,241 00
44,500 00
33,000 00
33,000
33,000 00
138,737 50 138,000 00
138,000
250,000 252,500 00 250,000 00
11,000
10,725 00
11,000 00*
50,000 00
50,000
51,062 50
100,000 102,882 50
100,000 00
50,000
50,000 00*
52,000 00
12,000
12,030 00
12,000 00
225,000 237,600 00 225,000 00
35,900
35,900 00
35,900 00
47,000 00
47,000
49,345 00
70,000
70,000 00
70,455 00
100,000
103,000 00
100,000 00
80,000
80,000 00
84,000 00
50,000
51,656 25
50,000 00
54,000
57,105 00
54,000 00
50,000 00
50,000
51,250 00
84,300 00
80,000
80,000 00
50,000
50,500 00
50,000 00
50,000
53,250 00
50,000 00
61,000
61,610 00
61,000 00
45,000
45,018 75
45,000 00*
46,000
46,417 50
46,000 00
15,687 50
15,000
15,000 00
60,000
63,042 50
60,000 00
10,000
10,825 00
10,000 00
12,000 00
12,000
12,000 00
25,531 25
25,000
25,000 00
23,000
23,193 75
23,000 00
50,000
50,000 00
50,375 00
50,000
50,900 00
50,000 00*
56,000
57,415 63
56,000 00
$2,573,400 $2,634,675 38 $2,566,400 00

Legal Investments when made.

No. 8.]

445

SAYINGS BANK COMMISSIONEBS.
N e w B e d fo rd I n s titu tio n for S a v in g s — Continued.

No. of
Shares.

Detailed Statement o f B ank Stocks.

90
170
230
100
460
20
612
130
40
564
134
130
60
18
22
200
250
1356
1000
1096
200

Par Value.

Eliot National Bank, Boston, .
First National Bank, Boston, .
Merchants N at’l Bank, Boston,
Monument N at’l Bank, Boston,
N ’l B’k of Commerce, Boston,
N at’l Exchange Bank, Boston,
N at’l Shawmut Bank, B oston,.
National Union Bank, Boston,
New England N ’l B’k, Boston,
Second N at’l Bank, Boston, .
State National Bank, Boston, .
W ashington N’l B’k, Boston,
W e b s t e r & Atlas National
Bank, Boston,
W inthrop N at’l Bank, Boston,
National Bank of Fairhaven,
Fairhaven, . . . .
Fall River N ’l B’k, Fall River,
Metacomet N’l B’k, Fall River,
First N’l Bank, New Bedford,
Mechanics N at’l Bank, New
Bedford,
. . . .
Merchants N at’l Bank, New
Bedford,
. . . .
Third N at’l Bank, Springfield,

$9,000
17,000
23,000
-

46,000
2,000
61,200
13,000
4,000
56,400
13,400
-

6,000
1,800

Estimated
Market Value.

$18,000
46,750
46,460
7,000
69,920
3,000
159,120
23,400
5,520
120,132
20,234
130

Amount Invested.

$9,000 00
17,000 00
23,000 00

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

46,000 00
2,000 00
91,800 00
13,000 00
4,000 00
56,400 00
13,400 00
-

8,520 00
3,600 00

6,000 00
1,800 00

00
00
00
00-

-

1,760
20,000
25,000
135,600

00
00
00
00

1,760
20,000
25,000
135,600

1,540
26,000
33,750
184,416

100,000

149,000 00

100,000 00

109,600
20,000

220,296 00
42,000 00

109,600 00
20,000 00

$664,760 $1,188,788 00 $695,360 00

Detailed Statement o f Street Bailway Bonds.
Estimated
Market Value.

Amount Invested.

$25,000
175,000

$26,750 00
185,062 50

$25,000 00
175,000 00

$ 2 0 0 ,0 0 0

$211,812 50

$ 2 0 0 ,0 0 0 0 0

Par Value.

Union Street Railway Co. 5s, .
W est End Street Railway Co. 4s,


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Federal Reserve Bank of St. Louis

.

[Pub. Doc.

REPORT OF THE

446

N e w B e d fo rd In stitu tio n for S a v in g s — Continued.
Detailed Statement of Railroad Bonds.
Estimated
Market Value.

Par Value.

Albany & Susquehanna R.R. 6 s,.
Albany & Susquehanna R.R. 7s,.
Boston, Clinton, Fitchburg &
New Bedford R.R. 6s,
Boston & Albany R.R. 3£s,
Boston & Maine R.R. 3is, .
Boston & Maine R.R. 4s,
Burlington & Missouri River
R.R. 6s, ....................................
Chic., Burlington & Quincy R.R.
3 i s , .............................................
Chic., Burlington & Quincy R.R.
4 s , .............................................
Chic., Burlington & Quincy R.R.
5 s , .............................................
Chicago, Milwaukee & N orth­
western R.R. 6s,
Concord & Montreal R.R. 4s,
Connecticut River R.R. 3ès,
Detroit, Monroe & Toledo R.R.
7 s , .............................................
Eastern R.R. 6s, .
Erie & Pittsburgh R.R. 3¿s,
Fitchburg R.R. 3ès,
Fitchburg R.R. 4s,
Illinois Central R.R. 3s,
Illinois Central R.R. 3¿s, .
Illinois Central R.R. 4s,
Illinois Central R.R. 5s,
Kansas City, St. Joseph & Coun­
cil Bluffs R.R. 7s, .
New England R.R. 4s,
New York Central & Hudson
River R.R. 3ès,
New York, New Haven & H art­
ford R.R. 4s, .
Old Colony R.R. 4s, .
Peoria & Northwestern R.R. 3és,
Portland & Ogdensburg R.R. 5s,
Princeton & Northwestern R.R.
S i s , .............................................
Sioux City & Pacific R.R. 3¿s, .
St. Johnsbury & Lake Cham­
plain R.R. 5s, .
Syracuse, Binghamton & New
York R.R. 7s, .
W ashington County R.R. 3is,


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Federal Reserve Bank of St. Louis

Amount Invested.

$195,000 00 $195,975 00 $195,000 00
63,000 00
63,000 00
63,630 00
13,000
50,000
100,000
200,000

00
00
00
00

13,552
50,000
98,500
213,000

50
00
00
00

13,000
50,000
100,000
200,000

00
00
00
00

48,000 00

53,760 00

48,000 00

200,000 00

191,000 00

180,000 00

172,000 00

179,830 00

172,000 00

8,000 00

8,800 00

8,000 00

50,000 00
80,000 00
200,000 00

50,000 00
83,200 00
195,875 00

50,000 00
80,000 00
200,000 00

50,000
245,000
50,000
100,000
50,000
100,000
150,000
75,000
38,575

50,750
248,675
48,500
97,125
52,250
82,500
141,250
79,125
38,575

50,000
245,000
48,750
100,000
50,000
84,000
142,468
75,000
38,575

00
00
00
00
00
00
00
00
30

00
00
00
00
00
00
00
00
30

00
00
00
00
00
00
75
00
30

50,000 00
200,000 00

51,375 00
214,000 00

50,000 00
200,000 00

100,000 00

98,500 00

95,000 00

200,000
250,000
14,000
50,000

00
00
00
00

208,000
265,250
13,580
51,500

00
00
00
00

200,000
250,000
13,000
50,000

00
00
00
00

66,000 00
20,000 00

64,020 00
19,250 00

62,000 00
18,000 00

30,000 00

37,050 00

30,000 00

101,000 00
90,000 00

103,272 50
85,050 00

101,000 00
84,948 75

$3,408,575 30 $3,446,720 30 $3,346,742 80

No. 8.]

SAYINGS BANK COMMISSIONERS.

447

N e w B e d fo rd In s titu tio n fo r S a v in g s — Concluded.
Total Amount o f Loans, with Each Specified Bate o f Interest.
Rate.

Amount.

$530,987
76,384
60,000
380,000
20,000
15,000

02
55
00
00
00
00

2 per cent.
2è “
3| »
3è “
31 «
3|
«

Rate.

Amount.

$450,000
2,124,198
1,296,186
50,000
2,233,288

00
60
25
00
15

3f per cent.
4
“
41 «
4* »
4è “

Amount.

$437,000
1,055,035
25,700
660,565
75,639

Rate.

00
04
00
42
53

4 | per cent.
5
“
bl
“
H
“
6
“

Amount invested in real estate for banking purposes,................................... $150,000 00
150,000 00
Estimated value of the s a m e , ......................................................................
133,415 00
Assessed value of the s a m e ,...............................................................................
Value, by books, of other real estate held or owned by foreclosure or
101,099 14
o th e r w is e ,....................................................................................... ........
.
98,987 00
Assessed value of the same..................................................................................
601 22
Net income received from same during the year ending Oct. 81,1905,
Number of loans which are of an amount not exceeding $3,000 each, 487
652,887 42
Aggregate amount of the s a m e , ......................................................................
Total number of loans upon real e s t a t e , ............................................599
Gross amount of interest or profits received, as per books, during year
728,613 05
ending Oct. 31, 1 9 0 5 ,.......................................................................................
Times when dividends are payable, as fixed by the by-laws: first Mon­
day of April and October. Deposits commence to draw interest: first
Monday of January, April, July and October.
Rate and amount of each semi-annual dividend f 2 per cent., $297,362 59 ) 598,560 95
during the year ending Oct. 31, 1905,
.
1 2 per cent., 301,198 36 1
Number of accounts opened during the year ending Oct. 31, 1905,
3,900
Number of accounts closed during the year ending Oct. 31, 1905,
2,996
Total number of open accounts Oct. 31, 1905,
. . . .
29,171
Total expenses of the corporation for the year ending Oct. 31, 1905 (ex­
26,250 05
clusive of taxes),
.......................................................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 5 ,....................................................................................... 2,313,865 18
Number of s a m e , ...............................................................................
25,467
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1905......................................................................................................... 2,490,926 75
Number of same....................................................................................
23,534
Date of examination by commissioner: October 26.


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Federal Reserve Bank of St. Louis

REPORT OF THE

448

N E W B U E Y P O E T F IV E

[Pub. Doc,

C E N T S S A V IN G S
BUEYPOET.

BANK —N E W -

Incorporated April 24,1854.
M oses H . F o w l e r , President.
J o h n A. M a y n a r d , Treasurer.
J ohn A. M a y n a r d , Clerk o f the Corporation.

Names of committee charged with the investment of its funds:
M oses H . F o w l e r ,
N a t h a n ie l D o le ,

W il l ia m F . H ouston ,
W . R . J o h n so n .

Open for business every business day, 8.30 a .m . to 2 p . m .

B a l a n c e S h e e t O c t . 31, 1905.

A ssets.

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

L ia b il it ie s .

$533,500
55,550
4,200
303,675

00
00
00
00

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

15.000 00
30.000
8,950
766,615
356,924

00
00
00
17

9,000
71,628
4,619
254
3,557

00
58
00
33
54

$2,163,473 62

$1,965,661 33
97,500 00
95,589 09
4,723 20

$2,163,473 62

Cash on Deposit in Banks, amount in each: —
Fourth National Bank, B o s to n ,...................................................................... $20,227 40
First National Bank, N ew b u ryp ort,..............................................................51,401 18
4,619 00
Ocean National Bank, Newburyport,.............................................................
Loans on Bank Stock, a m o -'t on each :—
7 shares First National Bank, N ew b uryport,............................................
50 shares Essex National Bank, H a v e r h i l l , ............................................


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Federal Reserve Bank of St. Louis

$700 00
3,500 00

No. 8.]

449

SAVINGS BANK COMMISSIONERS.

N e w b u r y p o r t F iv e C en ts S av in g s B a n k — Continued.
Detailed Statement o f Public Funds.
Par Value.

Massachusetts Bis, . . . .
County of Aroostook, Me., 4is,
City of Akron, Ohio, 5s, .
of Augusta, Me., 4 s ,.
of Boston, Mass., 3is,
of Boston, Mass., 4s,
of Brockton, Mass., 4s,
of Chicago, 111., 4s, .
of Chicopee, Mass,, 4s,
of Danbury, Conn., 4s,
of Dubuque, Iowa, 4s,
of Fall River, Mass., 3 i s ,.
of Grand Rapids, Mich., 4s,
of Grand Rapids, Mich., 4<£s, .
of Haverhill, Mass., 4s, .
of Holyoke, Mass., 8is, .
of Johnstown, Pa., 3is, .
of Kansas City, Mo., 4 is ..
of Lynn, Mass , 3 is ,.
of Lynn, Mass., 4s, .
of Marlborough, Mass., 4s,
of Meriden, Conn., 4s,
of Milwaukee, W is.,3is, .
of Nashua, N. H., 4s,
of New Britain, Conn., 4s,
of Newburyport, Mass., 3is, .
of Newton, Mass., 4s,
of Philadelphia, Pa., 3is,
of Saginaw, Mich., 4s,
of Somerville, Mass., 4s, .
of St. Joseph, Mo., 3is, .
of Taunton, Mass., 4s,
of W altham, Mass., 4s, .
of Woonsocket, R. I., 4s, .
of York, Pa., 4s,
Town of Arlington, Mass., 4 s,.
of Cranston, R. I., 4s, .
of Enfield, Conn., 3is, .
of Gorham, N. II., 4s, .
of Hatfield, Mass., 4s, .
of Holbrook, Mass., 4s, .
of Hull, Mass., 4s, .
of North Andover, Mass., 4s,
of W arren, R. I., 3£s,
of W atertown, Mass., 4s,
of Westfield, Mass., 4s, .
of West Springfield, Mass., 4s,


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Federal Reserve Bank of St. Louis

Estimated
Market Value.

$ 10,000 $10,400 00
10,500 00
10,000
501 50
500
3,240 00
3,000
35,000
35,050 00
10,450 00
10,000
4,000
4,080 00
46,125 00
45,000
6,000
6,000 00
14,000
14,560 00
10,000
10,200 00
5,000 00
5,000
2,000 00
2,000
15,000
15,900 00
18,105 00
17,000
10,000 00
10,000
10,000 00
10,000
21,400 00
20,000
5,000 00
5,000
7,000
7,140 00
15,900 00
15,000
15,050 00
15,000
15,000 00
15,000
10,300 00
10,000
10,500 00
10,000
32,000 00
32,000
1,020 00
1,000
10,100 00
10,000
10,150 00
10,000
14,000
14,192 50
9,950 00
10,000
14,247 50
14,000
25,750 00
25,000
5,050 00
5,000
10,450 00
10,000
5,100 00
5,000
15,000
15,750 00
9,800 00
10,000
10,600 00
10,000
4,260 00
4,000
2,000 • 2,040 00
2,010 00
2,000
25,440 00
24,000
6,000 00
6,000
9,000 00
9,000
2,010 00
2,000
10,750 00
10,000

Amount Invested.

$10,000
10,000
500
3,000
35,000
10,000
4,000
45,000
6,000
14,000
10,000
5,000
2,000
15,000
17,000
10,000
10,000
20,000
5,000
7,000
15,000
15,000
15,000
10,000
10,000
32,000
1,000
10,000
10,000
14,000
10,000
14,000
25,000
5,000
10,000
5,000
15,000
10,000
10,000
4,000
2,000
2,000
24,000
6,000
9,000
2,000
10,000

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

$533,500 $548,071 50 $533,500 00
* Legal investments when made.

EEPOET OF THE

450

[Pub. Doc.

W ew b uryport F iv e C en ts S a v in g s B an k — Continued.

No. of
Shares.

Detailed Statement o f Bank Stocks.
Par Value.

Atlantic N at’l Bank, Boston, .
Boylston N at’l Bank, Boston, .
Continental N ’l Bank, Boston,
Eliot National Bank, Boston, .
First National Bank, Boston, .
N’l B’k of Commerce, Boston,
N ’l B’k of the Republic, Boston,
N at’l Exchange Bank, Boston,
N at’l Shawmut Bank, Boston,.
National Union Bank, Boston,
New England N ’l B’k, Boston,
State National Bank, Boston, .
W ebster and Atlas National
Bank, Boston,
56 First N’l Bank, Newbury.port,
50 Mechanicks National Bank,
N ewburyport,
89 Ocean N ’l Bank, Newburyport,

10
8
42
33
35
18
23
5
243
24
10
8
38

$ 1,000
800
_
3,300
3,500
1,800
2,300
500
24,300
* 2,400
1,000
800

Estimated
Market Value.

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

$1,000 00
800 00

5,396 00
6,832 00

3,800 00
5,600 00

250 00
4,984 00

4,450 00

$55,550 $113,347 00

$55,550 00

3,800
5,600
-

4,450

$1,350
800
210
6,600
9,625
2,736
3,726
750
63,180
4,320
1,380
1,208

Amount Invested.

-

3,300
3,500
1,800
2,300
500
24,300
2,400
1,000
800

00
00
00
00
00
00
00
00
00

-

Detailed Statement o f Street Railw ay Bonds.
Par Value.

Boston Consolidated Street Railway
Co. 5s, .
.
.
West End Street Railway Co. 4s, .

Estimated
Market Value.

Amount Invested.

$5,000
10,000

$5,025 00
10,550 00

$5,000 00
10,000 00

$15,000

$15,575 00

$15,000 00

Detailed Statement o f Railroad Bonds.
Par Value.

Boston
Boston
Boston
Boston

& Albany R.R. 3¿s,
& Lowell R.R, 4s,
& Maine R.R. 4s, .
& Maine R.R. 4¿s,


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Federal Reserve Bank of St. Louis

$15,000
30,000
10,000
35,000

Estimated
Market Value.

$15,000
30,300
10,750
40,950

00
00
00
00

Amount Invested.

$15,000
30,000
10,000
35,000

00
00
00
00

No. 8.]

SAYINGS BANK COMMISSIONERS.

451

N ew b u r y p o r t F iv e C ents S a v in g s B a n k — Continued.
Detailed Statement o f Railroad Bonds — Concluded.
Par Value.

Boyer Valley R.R. 3¿s,
Chic., Burlington & Quincy R.R. 3¿s,
Chic., Burlington & Quincy R.R. 4s,
Concord & Montreal R.R. 4s, .
Fitchburg R.R. 3ès, . . . .
Fitchburg R.R. 4s, .
Fitchburg R.R. 5s, .
Illinois Central R.R. 3s, .
Maine Central R.R. 4s, .
New York, New Haven & H artford
R.R. 3às,
....................................
New York, New Haven & Hartford
R.R. 4 s ,.............................................
Old Colony R.R. 4s, .
U pper Coos R.R. 4s,
. . .
Worcester, Nashua & Roch, R.R. 4s,

$10,000
10,000
10,000
25,000
10,000
25,000
5,000
35,000
15,000
10,000
25,000
15,000
10,000
12,000

Estimated
Market Value.

$9,700
9,500
10,050
26,000
9,900
25,825
5,125
29,575
15,225

00
00
00
00
00
00
00
00
00

9,600 00
26,450
15,825
10,250
12,720

00
00
00
00

Amount Invested.

$10,000
10,000
10,000
25,000
10,000
25,000
5,000
31,675
15,000

00
00
00
00
00
00
00
00
00

10,000 00
25,000
15,000
10,000
12,000

00
00
00
00

$307,000 $312,745 00 $303,675 00

Total Am ount o f Loans, with Each Specified Rate o f Interest.
Amount.

$20,227
15,874
51,401
162,520

Rate.

40
17
18
00

2¿ per cent.
3.7 0
«
3.7 6
“
4
“

Amount.

$136,700
159,000
3,000
605,720

Rate.

00
00
00
00

4 | per cent.
4i
«
4|
“
5
»

Amount.

,500 00
",900 00
44,525 00

Rate.

54 per cent.
H
“
6
“

00
Amount invested in real estate for banking purposes.............................. $30,000
Estimated value of the s a m e , ............................................................
35,000
00
Assessed value of the s a m e ,.....................................................................
33,000
00
Net income received from same during year ending Oct. 31, 1905,
.
.
1,03266
Yalue, by books, of other real estate held or owned by foreclosure or
o th e r w is e ,...............................................................................................
8,950
00
Assessed value of the same, ...............................................................................
9,200 00
Net income received from same during the year ending Oct. 31,1905,
.
31760
Number of loans which are of an amount not exceeding $3,000 each, 291
Aggregate amount of the s a m e , ......................................................................
336,390 00
Total number of loans upon real e s t a t e , ............................................353
Amount of investments from which no income is received,
.
.
.
4,200 00
Gross amount of interest or profits received, as per books, during year
ending Oct. 31, 1 9 0 5 ,.............................................................................
90,927
68
Times when dividends are payable as fixed by the by-laws: first Monday
of May and November. Deposits commence to draw interest: last
Monday of January, April, July and October.


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Federal Reserve Bank of St. Louis

REPORT OF THE

452

[Pub. Doc.

N e w b u r y p o r t F iv e C en ts S avin gs B a n k — Concluded.
Rate and amount of each semi-annual dividend J 2 per cent., $36,014 30 1 ^ 527 26
during the year ending Oct. 31, 1905,
.
1 2 per cent.,
36,512 96 1
Number of accounts opened during the year ending Oct. 31, 1905, . 498
Number of accounts closed during the year ending Oct. 31,1905,
. 372
Total number of open accounts Oct. 31, 1905, . . . .
4,515
Total expenses of the corporation for the year ending Oct. 31, 1905 (ex4,482 97
clusive of t a x e s ) , .......................................................................................
Amount of deposits, not including dividends, received during the year
260,455 06
ending Oct. 31, 1 9 0 5 ,.......................................................................................
Number of s a m e , ...............................................................................2,807
Amount of withdrawals, including dividends, during the year ending
232,412 65
Oct. 31, 1905,
.
.....................................................
Number of same....................................................................................2,509
Date of examination by commissioner: February 28.


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Federal Reserve Bank of St. Louis

No. 8.]

453

SAYINGS BANK COMMISSIONERS.

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

Incorporated June 17, 1831.
C h a r l e s T. P u l s if e r , President.
A d o lp h u s J. B l a n c h a r d , Treasurer.
W il l ia m F . H a r b a c h , Clerk o f the Corporation.

Names of committee charged with the investment of its funds:
C h a r l e s T. P u l s if e r ,
S a m u e l M . J ack so n ,
F r a n c is M ur d o c k .

Open for business every business day except Saturdays, 9
Saturdays, 9 a .m . to 1 p .m .

a .m .

to 3

p .m .

;

B a l a n c e S h e e t O c t . 31, 1905.

L ia b il it ie s .

A ssets.

Public funds, as per schedule, .
Bank stock, as per schedule,
Loan on bank stock, .
Railroad bonds, as per schedule,
Street railway bonds, as per
schedule,...................................
Boston Terminal Co. bonds,
Stocks, bonds, etc., taken to
secure indebtedness,
Real estate (for banking pur­
poses),
...................................
Real estate by foreclosure, etc.,
Loans on real estate, .
Loans on personal security,
Deposits in banks, on interest, .
Real estate income and expense
a c c o u n t,...................................
Tax account..................................
Cash on hand................................

$168,000
8,314
1,000
952,337

00
50
00
51

140.000 00
150.000 00

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

$5,985,592 67
178,600 00
60,940 16
11,128 71
885 58

66,438 75
50,000
141,304
2,956,346
1,468,819
114,810

00
80
93
85
82

8,382 09
2,977 07
8,414 80
$6,237,147 12

$6,237,147 12

Cash on Deposit in Banks, amount in each : —
First National Bank, B o s t o n , ......................................................................$62,933 60
Newton National Bank, N e w t o n , .............................................................
51,877 22
Loan on Bank Stock : —
8 shares First National Bank, West Newton,
3 shares First National Bank, Provincetown,


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Federal Reserve Bank of St. Louis

454

[Pub. Doc.

REPORT OF THE
N e w to n S av in g s B an k — Continued.
Detailed Statement o f Public Funds.
Par Value.

City of Bristol, R. I., 3£s,
of Chicago, 111., 4s, .
of Dayton, Ohio, 3£s,
of Kansas City, Mo., 4s, .
of Newton, Mass., 4s,
of Pittsfield, Mass., 4s,
Town of Needham, Mass., 4s, .

$10,000
100,000
5.000
25.000
5.000
10.000
13,000

Estimated
Market Value.

|10,000
102,093
4,950
26,250
5,350
10,425
13,390

00
75
00
00
00
00
00

Amount Invested.

$10,000
100,000
5.000
25.000
5.000
10.000
13,000

00
00
00
00
00
00
00

$168,000 $172,458 75 $168,000 00

No. of
Shares.

Detailed Statement o f Bank Stocks.

25
10
25
24

Par Value.

Commercial N’l Bank, Boston,
Harvard T rust Co., Cambridge,
Wacliusett N’l B’k, Fitchburg,
Newton N at’l Bank, Newton, .

Estimated
Market Value.

$2,500
1,000
2,500
2,400

$3,375
1,600
2,500
2,160

00
00
00
00

$8,400

$9,635 00

Amount Invested.

$2,500
1,000
2,500
2,314

00
00
00
50

$8,314 50

Detailed Statement o f Street Bailway Bonds.
Par Value.

West End Street Railway Co. 4s,

.

Estimated
Market Value.

Amount Invested.

$140,000 $148,400 00 $140,000 00

Detailed Statement o f Bailroad Bonds.
Par Value.

Boston & Lowell R.R. 4s,
Boston & Maine R.R. 3¿s,
Boston & Maine R.R. 4£s,
Chic., Burlington & Quincy R.R. 3¿s,


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Federal Reserve Bank of St. Louis

$20,000
50,000
100,000
200,000

Estimated
Market Value.

$20,100
49,500
118,000
190,500

00
00
00
00

Amount Invested.

$20,000
48,312
100,000
199,040

00
50
00
63

No. 8.]

SAYINGS BANK COMMISSIONERS.

455

N e w to n S av in g s B an k — Continued.
Detailed Statement o f Railroad Bonds — Concluded.
Par Value.

Chic., Burlington & Quincy R.R. 4s,
Chicago & Northwestern R.R. 5s, .
Concord & Montreal R.R. 4s, .
Fitchburg R.R. 4¿s, . . . .
Illinois Central R.R. 3¿s, .
Illinois Central R.R. 4s, .
Maine Central R.R. 7s,
New York, New Haven & H artford
R.R. 3£s,
. . . .
New York, New Haven & Hartford
R.R. 4 s ,.............................................
Old Colony R.R. 4 s ,.
St. Johnsbury & Lake Champlain
R.R. 5 s ,.............................................

Estimated
Market Value.

$99,000 $101,735 00
25,000
27,500 00
20,000
20,800 00
25,000
26,500 00
140,000 131,600 00
26,750 00
25,000
8,295 00
7,000

Amount Invested.

$99,000
25,000
20,000
25,000
134,734
25,000
7,000

00
00
00
00
38
00
00

100,000

95,750 00

99,250 00

100,000
25,000

104,500 00
26,250 00

100,000 00
25,000 00

25,000

31,000 00

25,000 00

$961,000 $978,780 00 $952,337 51

Boston Terminal Company Bonds.
Par Value.

Boston Terminal Company 3¿s,

Estimated
Market Value.

Amount Invested.

$150,000 $166,500 00 $150,000 00

Total Am ount o f Loans, with Each Specified Rate o f Interest.
Amount.

$51,877
62,933
613,361
326,000

22
60
10
00

Rate.

Amount.

Rate.

2 per cent.
2¿ “

$1,303,120 40
199,400 00
1,903,735 28

4¿ per cent.
4|
“
5

4
41

“

Amount.

$4,200 00
75,200 00
1,150 00

Rate.

5 | per cent.
5¿
“
6
“

“

Amount invested in real estate for banking purposes,.......................$50,000
00
Estimated value of the s a m e , .................................................... ........
.
50,000 00
Assessed value of the s a m e ,............................................................
53,600
00
Net income received from same during year ending Oct. 31, 1905, .
.
1,630 37
Value, by books, of other real estate held or owned by foreclosure or
o th e r w is e ,............................................................................................. 141,304
80
Assessed value of the s a m e ,............................................................
196,600
00
Number of loans which are of an amount not exceeding $3,000 each, 426
Aggregate amount of the s a m e , ......................................................................719,831 00
Total number of loans upon real e s t a t e , ............................................724
Amount of investments from which no income is received, . . . .
118,535 68


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Federal Reserve Bank of St. Louis

456

REPORT OF THE

[Pub. Doc.

N e w to n S a v in g s B a n k — Concluded.
Gross amount of interest or profits received, as per books, during year
ending Oct. 31, 1 9 0 5 ,.......................................................................................
Times when dividends are payable, as fixed by the by-laws : Wednesday
next following tenth day of January and July. Deposits commence to
draw interest: tenth day of January, April, July and October.
Rate and amount of each semi-annual dividend
during the year ending Oct. 31, 1905,
Number of accounts opened during the year ending Oct. 31, 1905,
1,432
Number of accounts closed during the year ending Oct. 31, 1905,
1,106
Total number of open accounts Oct. 31, 1905,
. . . .
15,445
Total expenses of the corporation for the year ending Oct. 31, 1905 (ex­
clusive of taxes)..................................................................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 5 ,.......................................................................................
Number of same....................................................................................11,893
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 9 0 5 , ................................................................................................
Number of s a m e , .............................................................................. 10,794
Date of examination by commissioner: February 6, 7.


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Federal Reserve Bank of St. Louis

16,803 53
864,765 83

953,339 24

No. 8.]

457

SAYINGS BANK COMMISSIONERS.

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

Incorporated Feb. 25, 1896.
S ew a r d W . J o n e s , President.
M e l l e n B r a t , Treasurer.
W il l ia m M . F l a n d e r s , Clerk o f the Corporation.

Names of committee charged with the investment of its funds :
S ew ar d W . Jo n es,
E rastus T. C o l b u r n ,

D w ig h t C h e s t e r ,
D . H. A n d r e w s ,
H. H. K e n d a l l .

Open for business every business day except Saturdays, 9 to 11.30 a . m . ;
1.30 to 2.30 p .m . ; Saturdays, 9 a .m . to 12 m .

B a la n c e S h e e t O c t . 31, 1905.

L ia b il it ie s .

A ssets.

Public funds, as per schedule, .
Loan on public funds,
Bank stock, as per schedule,
Railroad bonds, as per schedule,
Street railway bonds, as per
schedule......................................
Real estate by foreclosure, etc.,
Loans on real estate, .
Loans on personal security,
Deposit in bank, on interest,
Expense account,
Premium account,
Suspense account,
Cash on hand, . . . .

$25,000
1,325
2,500
165,202

00
00
00
50

44,000
14,500
324,823
173,268
8,120
575
12,537
89
597

00
00
50
45
57
54
40
35
46

$772,539 77

Deposits, .
Guaranty fund,
Interest account,
Profit and loss ac­
count, .
Real estate income
account,
D u e on mortgage
loans, .

$745,233 36
8,378 35
4,590 88
11,828 83
8 35
2,500 00

$772,539 77

Cash on Deposit in Bank : —
Newton Centre Trust Company, Newton Centre,

$8,120 57

Loan on Public Funds : —
$3,000 City of Boston, Mass., 4s,

$1,325 00


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Federal Reserve Bank of St. Louis

[Pub. Doc.

REPORT OF THE

458

N e w to n C entre S a v in g s B a n k — Continued.
Detailed Statement o f Publie Funds.

City of Boston, Mass., 3¿s,
Town of Gorham, N. H., 4s,

.

Par Value.

Estimated
Market Value.

Amount Invested.

$10,000
15,000

$10,100 00
15,900 00

$10,000 00
15,000 00

$25,000

$26,000 00

$25,000 00

Detailed Statement o f Bank Stocks.
o £
II

5
20

Par Value.

First National Bank, Boston, .
Newton Centre Trust Company, Newton C en tre,.

Estimated
Market Value.

Amount Invested.

$500

$1,375 00

$500 00

2,000

2,500 00

2,000 00

$2,500

$3,875 00

$2,500 00

Detailed Statement o f Street Railway Bonds.

Gloucester, Essex & Beverly Street
Railway Co. 5s, .
Lynn & Boston Railroad Co. 5s,
Merrimac Yalley Street Railway
Co. 5 s , .............................................
Naumkeag Street Railway Co. 5s, .
W est End Street Railway Co. 4s, .

Par Value.

Estimated
Market Value.

Amount Invested.

$5,000
7,000

$5,225 00
7,245 00

$5,000 00*
7,000 00*

10,000
7,000
15,000

10,325 00
7,180 00
15,812 50

10,000 00*
7,000 00*
15,000 00*

$44,000

$45,787 50

$44,000 00

* Legal Investments when made.

Detailed Statement o f Railroad Bonds.
Par Value.

Boston & Maine R.R. 4£s,
Chic., Burlington & Quincy R.R. 3ès,
Chic., Burlington & Quincy R.R. 4 s,.

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Federal Reserve Bank of St. Louis

$1,000
7,000
35,000

Estimated
Market Value.

$1,165 00
6,685 00
37,362 50

Amount Invested.

$1,000 00
6,650 00
35,000 00

No. 8.]

SAVINGS BANK COMMISSIONERS.

459

N e w to n C entre S av in g s B an k — Continued.
Detailed Statement o f Railroad Bonds — Concluded.
Par Value.

Chicago & Northwestern R.R. 5s, .
Eastern R.R. 6s,
. . .
Fitchburg R.R. 4s, .
.
Hannibal & St. Joseph R.R. 6s,
Housatonic R.R. 4s, .
Illinois Central R R. 3s, .
Illinois Central R R. 3 ès,.
Illinois Central R.R. 4s, .
Illinois Central R.R. 5s, .
Kalamazoo, Allegan & Grand Rapids
R.R. 5 s ,.............................................
Mahoning Coal R.R. 5s, . •
Maine Central R.R. 4s,
Milwaukee, Lake Shore & W estern
R.R. 5 s ,....................................
New York, New Haven & Hartford
R.R. 3ès,
.
.
.
.
.
Penobscot Shore Line R.R. 4s,
Sioux City & Pacific R.R, 3£s,.

$10,000
1,000
5,000
13,000
1,000
3,000
20,000
7,000
1,000

Estimated
Market Value.

$11,100
1,015
5,185
14,300
1,007
2,460
18,875
7,455
1,140

00
00
00
00
50
00
00
00
00

Amount Invested.

$10,000
1,000
5,000
13,000
1,000
2,482
19,025
7,000
1,000

00
00
00
00
00
50
00
00
00

1,000
5,000
1,000

1,230 00
6,200 00
1,045 00

1,000 00
5,000 00
1,000 00

9,000

10,040 00

9,000 00

36,000
3,000
10,000

34,470 00
3,120 00
9,625 00

34,395 00
3,000 00
9,650 00

$169,000 $173,480 00 $165,202 50

Total Amount o f Loans, with Each Specified Rate o f Interest.
Amount.

$8,120 57
28,000 00
40,000 00

Rate.

2 per cent.
4
“
4\
“

Amount.

$33,500 00
343,148 50

Rate.

4£ per cent.
5
“

Amount.

$20,111 00
34,657 45

Rate.

5£ per cent.
6
«

Value, by books, of real estate held or owned by foreclosure or otherwise, $14,5(0 00
Assessed value of the s a m e ,...............................................................................
15,000 00
Net income received from same during the year ending Oct. 31, 1905,
.
198 50
Number of loans which are of an amount not exceeding $3,000 each, 74
Aggregate amount of the same, .
.
.....................................................
123,174 25
Total number of loans upon real e s t a t e , ............................................108
Gross amount of interest or profits received, as per books, during year
ending Oct. 31, 1 9 0 5 ,.......................................................................................
34,289 73
Times when dividends are payable, as fixed by the by-laws : fifteenth day
of January and July. Deposits commence to draw interest: fifteenth
day of January, April, July and October.
Rate and amount of each semi-annual dividend f 1| per cent., $11,113 30 I 22 914 36
during the year ending Oct. 31, 1905,
.
1 1| per cent., 11,801 06 )
’
Number of accounts opened during the year ending Oct. 31, 1905, . 481
Number of accounts closed during the year ending Oct. 31, 1905,
. 212
Total number of open accounts Oct. 31, 1905,
. . . .
2,674


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Federal Reserve Bank of St. Louis

460

REPORT OF THE

[Pub. Doc.

N e w to n C entre S av in g s B an k — Concluded.
Total expenses of tbe corporation for the year ending Oct, 31, 1905 (ex­
clusive of taxes),
....................................................................................... $ 1,846 01
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 5 ,........................................................................................
203,438 27
Number of s a m e , ...............................................................................3,534
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 9 0 5 , ................................................................................................
152,777 15
Number of s a m e , ...............................................................................1,873
Date of examination by commissioner : July 6.


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Federal Reserve Bank of St. Louis

No. 8.]

SAYINGS BANK COMMISSIONERS.

461

N O N O T U C K S A V IN G S B A N K - N O R T H A M PT O N .

Incorporated Feb. 9, 1899.
H e n b y L. W il l ia m s , President.
J o h n P r in c e , Treasurer.
R obert W . L y m a n , Clerk o f the Corporation.

Names of committee charged with the investment of its funds :
J o hn P r in c e ,
0 . W . P routy ,
I saac B r id g m a n .

Open for business every business day except Saturdays, 9 a . m . to 3 p . m . ; Saturdays,
9 a . m . to 12 M.

B a la n c e S h e e t O ct . 31, 1905.

A ssets.

Public funds, as per schedule, .
Bank stock, as per schedule,
Loans on bank stock,.
Railroad bonds, as per schedule,
Real estate by foreclosure, etc.,.
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
( n o t e s ) , ...................................
Loans on depositors’ books,
Deposits in banks, on interest, .
Expense account,
Premium account,
Furniture and fixtures,
Cash on hand, . . . .

L ia b il it ie s .

$14,892
31,658
3,225
38,300
440
463,827
130,989

43
00
00
00
00
54
44

1,500
575
39,530
1,459
1,599
100
1,786

00
00
02
89
36
00
37

$729,883 05

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

$711,136 52
8,600 00
7,646 53
2,500 00

$729,883 05

Cash on Deposit in Banks, amount in each : —
First National Bank, N ortham p ton,............................................................. $25,055 75
Hampshire County National Bank, N o rth a m p to n ,...................................
6,269 79
Springfield National Bank, S p r in g fie ld ,.....................................................
6,667 63
Hampden Trust Company, S p r in g fie ld ,.....................................................
1,536 85


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Federal Reserve Bank of St. Louis

462

REPORT OF THE

[Pub. Doc.

jS'onotuck S a v in g s B an k — Continued.
Loans on Bank Stock, amount on each: —
18 shares Hampshire County National Bank, Northampton, .
.
.
15 shares First National Bank, N ortham p ton,............................................
3 shares First National Bank, N orth am p ton ,............................................

$1,500 00
1,500 00
225 00

Detailed Statement o f Public Funds,

City of Chicopee, Mass., 3£s, .
of St. Louis, Mo., 3^s,
Town of Ware, Mass., 3£s,

Par Value.

Estimated
Market Value.

$3,000
10,000
2,100

$3,030 00
9,850 00
2,100 00

$3,000 00
9,792 43
2,100 00

$15,100

$14,980 00

$14,892 43

Amount Invested

No. of
Shares.

Detailed Statement o f B ank Stocks.

10
5
33
50
40
6
24
23
7
50

Tar Value.

Greylock National B’k, Adams,
M iller’s River N at’l B’k, Athol,
First N at’l B’k, Northampton,
Chapin N at’l B’k, Springfield,
Chicopee N’l B’k, Springfield, *
First N at’l Bank, S pringfield,.
Second N at’l B’k, Springfield,
Third N at’l Bank, Springfield,
Hampden N ’l Bank, Westfield,
First N at’l Bank, W orcester, .

$1,000
500
3,300
5,000
4,000
600
2,400
2,300
700
2,500
$22,300

Estimated
Market Value.

$1,850
850
4,290
6,000
6,000
690
3,240
4,830
1,120
2,500

00
00
00
00
00
00
00
00
00
00

$31,370 00

Amount Invested.

$2,050
875
4,162
6,016
6,200
672
2,957
5,175
1,050
2,500

00
00
50
00
00
00
50
00
00
00

$31,658 00

Detailed Statement o f Railroad Bonds.
'
Par Value.

Chic., Burlington & Quincy R.R. 3¿s,
Erie & Pittsburgh R.R. 8£s,
Illinois Central R.R. 3s, .
Lime Rock R.R. 4s, .


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Federal Reserve Bank of St. Louis

Estimated
Market Value.

$20,000
5.000
5.000
10,000

$19,200
5,206
4,525
10,400

$40,000

$39,331 25

00
25
00
00

Amount Invested.

$18,725
5,000
4,575
10,000

00
00
00
00

$38,300 00

No. 8.]

SAYINGS BANK COMMISSIONERS.

463

N o n o tu c k S a v in g s B a n k — Concluded.
Total Amount o f Loans, with Each Specified Rate o f Interest.
Rate.

Amount.

3 per cent.
4i
“

$586,216 98

Amount.

$39,530 02
12,900 00

Rate.

5 per cent.

Amount.

$1,000 00

Rate.

6 per cent.

Value, by books, of real estate held or owned by foreclosure or otherwise,
$440 00
Assessed value of the s a m e ,...............................................................................
100 00
Number of loans which are of an amount not exceeding $3,000 each, 287
Aggregate amount of the s a m e , ......................................................................
356,096 03
Total number of loans upon real e s t a t e , ............................................236
Amount of investments from which no income is received,
440 00
Gross amount of interest or profits received, as per books, during year
ending Oct. 31, 1905............................................................................................
32,422 18
Times when dividends are payable, as fixed by the by-laws: first
Wednesday of June and December. Deposits commence to draw
interest: first Wednesday of March, June, September and December.
Rate and amount of each semi-annual dividend f If per cent., $11,036 27 1
22,407 38
during the year ending Oct. 31, 1905,
. I l f per cent.,
11,371 11J
Number of accounts opened during the year ending Oct. 31, 1905, . 321
Number of accounts closed during the year ending Oct. 31, 1905,
. 196
Total number of open accounts Oct. 31, 1905, . . . .
1,866
Total expenses of the corporation for the year ending Oct. 31, 1905 (ex­
clusive of taxes), ................................................................................................
3,263 15
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 9 0 5 ,.......................................................................................
150,031 96
Number of s a m e , ...............................................................................1,530
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1905.........................................................................................................
117,826 71
Number of s a m e , ...............................................................................1,141
Date of examination by commissioner: May 9.


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Federal Reserve Bank of St. Louis

EEPOET OF THE

464

[Pub. Doc.

N O R T H A D A M S S A V IN G S B A N K — N O R T H A D A M S.

Incorporated April 26, 1848.
A. C. H oughton , President.
V. A. W h it a k e r , Treasurer.
V. A. W h it a k e r , Clerk o f the Corporation.

Names of committee charged with the investment of its funds:
G eorge L. R ic e ,

F. A. W il c o x so n ,
C. E. W in c h e l l .

Open for business every business day except Saturdays, 9 a .m . to 4 p . m . ; Saturdays,
9 a .m . to 1 P.M.

B a l a n c e S h e e t O ct . 31, 1905.

A ssets.

Public funds, as per schedule, .
Bank stock, as per schedule,
Loans on bank stock,
Railroad bonds, as per schedule,
Street railway bonds, as per
schedule,...................................
Real estate (for banking pur­
poses), ...................................
Real estate by foreclosure, etc.,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
(notes), ...................................
Loans on depositors’ books,
Deposits in banks, on interest, .
Deposit in bank, not on interest,
Expense account,
Interest account,
Cash on hand, . . . .

L ia b il it ie s .

$65,600
93,700
6,750
320,563

00
00
00
75

65,000 00
37,596
59,333
2,326,320
1,184,659

28
27
44
62

96,823
1,325
81,421
5,106
1,207
59,888
5,538

32
00
23
42
30
04
54

$4,410,833 21

Cash on Deposit in Banks, amount in each : —
New England National Bank, Boston,
North Adams National Bank, North Adams,
North Adams Trust Company, North Adams, .


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Federal Reserve Bank of St. Louis

Deposits, .
Guaranty fund,
Profit and loss ac­
count,
State tax account, .
Due on m o r t g a g e
loans,

$4,146,342 84
209,500 00
46,447 46
4,500 00
4,042 91

$4,410,833 21

$26,828 64
54,592 59
5,106 42

No. 8.]

SAYINGS BANK COMMISSIONERS.

465

N o rth A d am s S a v in g s B an k — Continued.
Loans on Bank Stock, amount on each: —
3 shares Pittsfield National Bank, Pittsfield..................................................
25 shares North Adams NationalBank, North Adams, . . . .
25 shares North Adams NationalBank, North Adams, . . . .
55 shares North Adams NationalBank, North Adams, . . . .

$250 00
2,300 00
1,900 00
2,300 00

Detailed Statement o f Public Funds.
Par Value.

City of Fall River, Mass., 6s, .
of Lowell, Mass,, 4s,
of Portland, Me., 6s,
of Woonsocket, R. I., 4s, .
Town of Plymouth, Mass., 4s, .

Estimated
Market Value.

$5,000
10,000
5,000
30,000
15,600
165,600

$5,122
10,268
5,240
30,288
16,346

50
00
00
00
55

$67,265 05

Amount Invested.

$5,000
10,000
5,000
30,000
15,600

00
00
00
00*
00

$65,600 00

* A legal investment when made.

No. of
Shares.

Detailed Statement o f B ank Stocks.

7 Lee National Bank, L ee ,.
400 N orth Adams National Bank,
North Adams,
490 Berkshire N’l B’k, No. Adams,
400 North Adams T rust Company,
North Adams,
30 Pittsfield N at’l B’k, Pittsfield,

Par Value.

Estimated
Market Value.

$700

$1,155 00

$700 00

40,000

46,000 00
2,450 00

40,000 00

■ -

40,000
3,000

50,000 00
4,800 00

50,000 00
3,000 00

$83,700 $104,405 00

$93,700 00

Amount Invested.

-

Detailed Statement o f Street Railway Bonds.
Estimated
Market Value.

Amount Invested.

$25,000
14.000
25.000

$25,000 00
15,295 00
25,980 00

$25,000 00
14.000 00
26.000 00

$64,000

$66,275 00

$65,000 00

Par Value.

Hoosac Valley Street Railway Co. 4s,
Hoosac Valley Street Railway Co. 5s,
Springfield Street Railway Co. 4s, .


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Federal Reserve Bank of St. Louis

466

REPORT OF THE

[Pub. Doc.

N o rth A d am s S a v in g s B a n k — Continued.
Detailed Statement o f Railroad Bonds.
Par Value.

Bangor & Aroostook R.R. 5s, .
Chic., Burlington & Quincy R.R. 3ès,
C h ic, Burlington & Quincy R.R. 4s,
Fitchburg R.R. 4s, .
Illinois Central R.R. 3s, .
Illinois Central R.R. 3£s,.
New York, New Haven & H artford
R.R 3*s,
. . . .
New York, New Haven & H artford
R.R. 4 s ,.............................................

$47,000
50,000
25,000
35,000
50,000
25,000

Estimated
Market Value.

$57,640
47,625
26,455
36,435
42,000
23,625

00
00
00
50
00
00

Amount Invested.

$57,595
45,687
26,625
36,406
42,125
23,500

00
50
00
25
00
00

35,000

33,775 00

34,187 50

50,000

53,750 00

54,437 50

$317,000 $321,305 50 $320,563 75

Total Am ount o f Loans, with Each Specified Rate o f Interest.
Amount.

$26,828 64
54,592 59
11,533 32

Rate.

Amount.

Rate.

Amount.

Rate.

2 per cent.
3¿
3J
“ r-

$379,690 00
409,000 00
286,251 52

4 per cent.
4¿
“
4h

$84,000 00
2,420,763 29
24,640 25

4 | per cent.
5
“
6
»

Amount invested in real estate for banking purposes,...................................
Estimated value of the s a m e , ......................................................................
Assessed value of the s a m e ,...............................................................................
Value, by books, of other real estate held or owned by foreclosure or
o th e r w is e ,.........................................................................................................
Assessed value of the s a m e ,...............................................................................
Number of loans which are of an amount not exceeding $3,000 each, 709
Aggregate amount of the s a m e , ......................................................................
Total number of loans upon real e s t a t e , ............................................707
Gross amount of interest or profits received, as per books, during year
ending Oct. 31, 1905...........................................................................................
Times when dividends are payable, as fixed by the by-laws : first day of
April and October. Deposits commence to draw interest: first day of
January, April, July and October.
Rate and amount of each semi-annual dividend f 1 | per cent., $71,465 56 )
during the year ending Oct. 31, 1905,
.
i 1| per cent., 70,883 90 J
Number of accounts opened during the year ending Oct. 31, 1905,
1,136
Number of accounts closed during the year ending Oct. 31, 1905,
1,425
Total number of open accounts Oct. 31, 1905...................................
8,788


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Federal Reserve Bank of St. Louis

$37,596 28
70.000 00
55.000 00
59,333 27
42,800 00
745,931 48

202,761 38

142,349 46

No. 8.]

SAYINGS BANK COMMISSIONERS.

467

N o rth A d am s S av in g s B a n k — Concluded.
Total expenses of the corporation for the year ending Oct. 31, 1905 (ex­
clusive of taxes),
....................................................................................... $15,029 15
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1905...........................................................................................
523,261 53
Number of s a m e , ............................................................................... 7,930
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 9 0 5 , ................................................................................................
795,200 48
Number of s a m e , ...............................................................................7,561
Date of examination by commissioner : April 10.


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Federal Reserve Bank of St. Louis

REPORT OF THE

468

[Pub. Doc.

N O R T H A M P T O N IN S T IT U T IO N F O R S A V IN G S —
NO RTH AM PTO N.

Incorporated March 1, 1842.
O l iv e r W a l k e r , President.
S a m u e l D . D r u r y , Treasurer.
T. G. S p a u l d in g , Clerk o f the Corporation.

Names of committee charged with the investment of its funds :
Sa m u e l D . D r u r y ,
F r a n k E . Cl a r k ,

O scar E d w a r d s ,
A r t h u r W a t so n .

\

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

a .m.

to 3

p . m .;

B a l a n c e S h e e t O ct . 31, 1905.

L ia b il it ie s .

A ssets.

Public funds, as per schedule, .
Bank stock, as per schedule,
Loans on bank stock,.
Railroad bonds, as per schedule,
Boston Terminal Co. bonds,
Real estate (for banking pur­
poses),
...................................
Real estate by foreclosure, etc.,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
( n o t e s ) , ...................................
Loans on depositors’ books,
Deposits in banks, on interest, .
Expense account,
Interest account , . . . .
Cash on hand, . . . .

$733,000
18,500
6,956
1,135,250
220,000

00
00
00
00
00

27,000
65,862
1,587,414
991,270

00
79
62
50

4,700
1,888
122,764
663
20
24,598

00
00
09
01
44
07

$4,939,887 52

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

$4,676,832 51
235,000 00
18,174 65
9,799 85
80 51

$4,939,887 52

Cash on Deposit in Banks, amount in each : —
Second National Bank, B o s to n ,...................................................................... $14,695 94
First National Bank, N orth am p ton ,.............................................................
25,324 67
Northampton National Bank, N o r th a m p to n ,............................................
72,743 48
Hampshire County National Bank, N o rth a m p to n ,...................................
10,000 00


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Federal Reserve Bank of St. Louis

No. 8.]

SAVINGS BANK COMMISSIONERS.

469

N o rth a m p to n In stitu tio n for S a v in g s — Continued.
Loans on Bank Stock, amount on each : —
7 shares First National Bank, Easthampton...............................................
6 shares First National Bank, N ortham pton,..........................................
35 shares First National Bank, N ortham pton,..........................................
15 shares First National Bank, N ortham pton,............................................
5 shares First National Bank, N ortham pton,............................................
31 shares First National Bank, N ortham pton,............................................1
10 shares Northampton National Bank, Northampton, .
.
.
.J
10 shares Second National Bank, S p r in g fie ld ,............................................
10 shares Second National Bank, S p rin g fie ld ,............................................
10 shares Second National Bank, Springfield..................................................
10 shares Ware National Bank, Ware..............................................................

$190 00
150 00
3,125 00
100 00
500 00
i 400 00
288
215
288
700

00
00
00
00

Detailed Statement o f Public Funds.
Par Value.

Massachusetts 3<|s, . . . .
City of Boston, Mass., 4s,
of Cambridge, Mass., 4s, .
of Grand Rapids, Mich., 4és, .
of Manchester, N. H., 4és,
of Milwaukee, Wis., 5s, .
of Northampton, Mass., 3£s, .
of Northampton, Mass., 4s,
of Providence, R. I., 4s, .
of Springfield, Ohio, 5s, .
Town of Meriden, Conn., 4£s, .

Estimated
Market Value.

Amount Invested.

$150,000 $157,125 00 $150,000 00
200,000 213,000 00 200,000 00
30.000
30,900 00
30.000 00
20.000
20.000 00
21,200 00
25.000
26,625 00
25.000 00
4.000
4,020 00
4.000 00
177,000
177,200 00 177,000 00
50.000
52,000 00
50.000 00
50.000
50.000 00
51,250 00
5.000
5,375 00
5.000 00
22.000
22,660 00
22.000 00
$733,000 $761,355 00 $733,000 00

No. of
Shares.

Detailed Statement o f B ank Stocks.

31
20
7
15
10
50
9
50
20

Par Value.

Bunker Hill N ’l Bank, Boston,
Merchants N at’l Bank, Boston,
Monument N at’l Bank, Boston,
N’l B’k of Commerce, Boston,
N at’l Exchange Bank, Boston,
Second National Bank, Boston,
First N’l Bank, Northampton,
Northampton National Bank,
Northampton,
City N at’l Bank, W orcester, .


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Federal Reserve Bank of St. Louis

$3,100
2,000

Estimated
Market Value.

Amount Invested.

00
00
00
00
00
00
00

$3,100 00
2,000 00

1,500
1,000
5,000
900

$5,859
4,040
490
2,280
1,500
10,650
1,170

5,000
-

10,000 00
200 00

5,000 00
-

$18,500

$36,189 00

$18,500 00

_

_

1,500
1,000
5,000
900

00
00
00
00

470

REPORT OF THE

[Pub. Doc.

N o rth a m p to n In s titu tio n for S a v in g s — Continued.
Detailed Statement o f Railroad Bonds.

Boston, Clinton, Fitchburg & New
Bedford R.R. 5s, .
Burlington & Missouri River R.R.
6 s , ......................................................
Chic., Burlington & Quincy R.R. 3¿s,
Chic., Burlington & Quincy R.R. 5s,
Chicago & Northwestern R.R. 3¿s, .
Cleveland & Pittsburgh R.R. 3¿s, .
Fitchburg R.R. 4s, .
Fitchburg R.R. 5s, .
Hannibal & St. Joseph R.R. 6s,
Illinois Central R.R. 3¿s, .
Lake Shore & Michigan Southern
R.R. 3¿s,
.
.
.
.
.
Maine Central R.R. 4¿s, .
Michigan Central R.R. 3¿s,
Milwaukee, Lake Shore & W estern
R.R. 5 s ,.............................................
N. Y. & N. E. R.R. (term inal) 4s, .
New York, New Haven & Hartford
R.R. 4 s ,.
Old Colony R.R, 4s, .

Par Value.

Estimated
Market Value.

Amount Invested.

$40,000

$42,000 00

$40,000 00

25,000
75,000
49,000
50,000
25,000
50,000
100,000
40,000
100,000

28,000
71,625
53,410
49,750
24,625
52,500
103,000
44,200
94,500

25,000
72,875
49,000
48,500
25,000
50,000
100,000
40,000
100,000

00
00
00
00
00
00
00
00
00

00
00
00
00
00
00
00
00
00

50,000
50,000
100,000

50,000 00
52,250 00
98,000 00

49,875 00
50,000 00
95,000 00

50,000
95,000

60,000 00
111,150 00

50,000 00
95,000 00

165,000
80,000

172,825 00
85,400 00

165,000 00
80,000 00

$1,144,000 $1,193,235 00 $1,135,250 00

Boston Terminal Company Bonds.

Boston Term inal Company 3£s,

Par Value.

Estimated
Market Value.

$ 2 0 0 ,0 0 0

$ 2 2 2 ,0 0 0 0 0

Amount Invested.

$ 2 2 0 ,0 0 0 0 0

Total A m ount o f Loans, with Each Specified Bate o f Interest.
Amount.

$14,695
23,068
85,000
499,050

Bate.

94
15
00
00

2 per cent.
3
3*
“
4
«


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Federal Reserve Bank of St. Louis

Amount.

$146,550
622,752
50.000
55.000

Rate.

00
00
00
00

Amount.

Rate.

41 per cent. $1,171,142 12 5 per cent.
34,825 00 H
4è
“
“
12,910 00 6
4|
4*
“

No. 8.]

SAYINGS BANK COMMISSIONERS.

471

N o rth a m p to n I n s titu tio n for S a v in g s — Concluded.
Amount invested in real estate for banking purposes,................................... $27,000 00
Estimated value of the s a m e , ......................................................................
30,000 00
Assessed value of the s a m e ,...............................................................................
26,600 00
Value, by books, of other real estate held or owned by foreclosure or
o th e r w is e ,.........................................................................................................
65,862 79
Assessed value of the s a m e ,..............................................................................
67,970 00
Number of loans which are of an amount not exceeding $3,000 each, 575
Aggregate amount of the s a m e , ......................................................................612,162 12
Total number of loans upon real e s t a t e , ............................................594
Gross amount of interest or profits received, as per books, during year
207,816 10
ending Oct. 31, 1 9 0 5 ,.......................................................................................
Times when dividends are payable, as fixed by the by-laws : first Wednes­
day of April and October. Deposits commence to draw interest: first
Wednesday of January, April, July and October.
Rate and amount of each semi-annual dividend f 1| per cent., $75,947 57 1 ^ jgg gg
during the year ending Oct. 31, 1905,
. 1 If per cent.,
78,220 82 J
Number of accounts opened during the year ending Oct. 31, 1905,
1,517
Number of accounts closed during the year ending Oct. 31, 1905,
1,045
Total number of open accounts Oct. 31, 1905,
. . . .
11,540
Total expenses of the corporation for the year ending Oct. 31, 1905 (ex­
clusive of taxes),
.......................................................................................
9,040 83
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1905............................................................................................
778,399 83
Number of s a m e , ...............................................................................10,644
Amount of withdrawals, including dividends, during the year ending
Oct. 3 1 , 1 9 0 5 , ................................................................................................
692,627 79
Number of s a m e , ...............................................................................8,744
Date of examination by commissioner: May 8.


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Federal Reserve Bank of St. Louis

472

REPORT OF THE

[Pub. Doc

N O R T H A V E N U E S A V IN G S B A N K - N O R T H C A M B R ID G E .
Incorporated March 7, 1872.
C h a r l e s F . S tratton , President.
M ilton L. W alton , Treasurer.
W il l ia m H . G oodnow , Clerk o f the Corporation.

Names of committee charged with the investment of its funds :
C h a r l e s F . S tratton ,
W a r r e n L. H oo per ,
W il l ia m E . H u t c h in s ,
E davard L . G r u e b y ,
L eroy S. B r o w n .

Open for business every business day, 9 a . m . to 1 p . m . ; also Saturdays, 6 to 8 p . m .
B a la n c e S h e e t O c t . 31, 1905.

A ssets.

Public funds, as per schedule, .
Bank stock, as per schedule,
Loan on bank stock, .
Railroad bonds, as per schedule,
Street railway bonds, as per
schedule......................................
Loan on railroad stock,
Boston Terminal Co. bonds,
Real estate (for banking purp o s e s ) , ...................................
Real estate by foreclosure, etc.,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
( n o t e s ) , ...................................
Loans on depositors’ books,
Deposits in banks, on interest, .
Interest account,
Cash on hand, . . . .

L ia b il it ie s .

$171,567
12,450
200
233,288

00
00
00
00

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

$1,452,725 14
50,000 00
12,532 60

64,500 00
700 00
5,000 00
5,903
12,561
615,128
294,650

00
88
00
00

59,500
1,260
35,221
1,671
1,656

00
00
92
06
88

$1,515,257 74

$1,515,257 74

Cash on Deposit in Banks, amount in each : —
Faneuil Hall National Bank, Boston,....................................................
.
National Bank of the Republic, B o s t o n , .....................................................
Loan on Bank Stock: —
7 shares South Berwick National Bank, South Berwick, Me.,

.

$200 00

Loan on Railroad Stock : —
6 shares Boston & Maine R . R . , ......................................................................

$700 00


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Federal Reserve Bank of St. Louis

.

$7,799 72
27,422 20

No. 8.]

SAVINGS BANK COMMISSIONERS.

473

N o r th A v en u e S av in g s B a n k — Continued.
Detailed Statement o f Public Funds.

rar Value.

City of Allegheny, Pa., 3¿s,
of Akron, Ohio, 5s, .
of Boston, Mass., 3¿s,
of Brockton, Mass., 4s,
of Chicago, 111., 3£s,.
of Chicago, 111., 4s, .
of Dover, N. II., 4s, .
of Dubuque, Iowa, 4s,
of Fall River, Mass., 3£s,
of Johnstown, Pa., 3¿s, .
of Kansas City, Mo., 4 ¿ s,.
of Milwaukee, Wis , 4s, .
of Saginaw, Mich., 4s,
of Somerville, Mass,, 3¿s,
of Somerville, Mass., 4s, .
of W ilkes-Barre, Pa., 3¿s,
of Youngstown, Ohio, 4¿s,
of Youngstown, Ohio, 5s,
Town of Freeport, Me., 4s,
of Lexington, Mass., 3¿s,
of Lincoln, Mass., 3£s, .
of Lisbon, N. H., 3és,
of Palmer, Mass., 3às, .
of Revere, Mass., 4s,
of W alpole, N. H., 3ès, .
of W atertown, Mass., 4s,
of Winchester, Mass., 4s,

Estimated
Market Value.

$1,000
5,040
10,200
5,100
6,990
13,200
2,000
5,100
10,000
2,000
21,600
4,020
5,000
10,000
10,150
10,000
1,010
1,010
1,000
6,000
10,000
3,000
9,600
7,015
3,000
10,150
1,000

$1,000
5,000
10,000
5,000
7,000
13,000
2,000
5,000
10,000
2,000
20,000
4,000
5,000
10,000
10,000
10,000
1,000
1,000
1,000
6,000
10,000
3,000
9,600
7,000
3,000
10,000
1,000

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

Amount Invested.

$1,000
5,000
10,000
5,000
6,975
13,000
2,000
5,000
10,000
2,000
20,000
4,000
5,000
10,000
10,000
10,000
4,000
1,000
1,000
6,000
10,000
3,000
9,600
7,000
2,992
10,000
1,000

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

$171,600 $174,185 00 $171,567 00
*

Legal investments when made.

No. of
Shares.

Detailed Statement o f B ank Stocks.

106
5
15

Tar Value.

Faneuil Hall N at’l B’k, Boston,
N at’l Exchange Bank, Boston,
First N’l Bank, Marlborough,


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Federal Reserve Bank of St. Louis

Estimated
Market Value.

Amount Invested.

$10,600
500
1,500

$13,886 00
750 00
1,800 00

$10,600 00
500 00
1,350 00

$12,600

$16,436 00

$12,450 00

REPORT OF THE

474

[Pub. Doc.

N o rth A v en u e S av in g s B a n k — Continued.
Detailed Statement o f Street Railw ay Bonds.

Boston Consolidated Street Railway
Co. 5 s , .............................................
East Middlesex Street Railway Co.
4 s , ......................................................
Gloucester Street Railway Co. 5s, .
Lowell & Suburban Street Railway
Co. 5s, .
.
.
.
.
Lowell, Lawrence & Haverhill Street
Railway Co. 5s.................................
Lynn & Boston Railroad Co. 5s,
Merrimac Valley Street Railway
Co. 5 s , .............................................
Newton