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. No. 8.

PUBLIC DOCUMENT .

TWENTY-TËîÊI)** k $ N tM k

B oard of Co m m ission er s
SAYINGS BANKS.

1898.
P

a r t

I.

RELATING TO

SAVINGS BANKS, INSTITUTIONS FOR SAYINGS, AND SAFE
DEPOSIT, LOAN AND TRUST COMPANIES.

B O ST O N :
WRIGHT & POTTER PRINTING CO., STATE PRINTERS,


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Federal Reserve Bank of St. Louis

18 Post Office Square.
1899.

/


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Federal Reserve Bank of St. Louis

3 SS,I
W î > 8 (o

Commonteaft^ of Ihassatljusitts.
O f f ic e

B o a r d of C o m m iss io n e r s of S a v in g s B a n k s ,
S t a t e H o u se , B oston , Jan. 16, 1899.

of t h e

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

The Board o f Commissioners o f Savings Banks, in accord­
ance with the provisions o f the law, has the honor to present
its twenty-third annual report, relating to the condition of the
institutions under the supervision o f the Board.
The number o f such institutions on the thirty-first day o f
October last (the time at which the annual returns are required
by statute to be made) was 355, with aggregate assets o f
about $704,000,000.
Part I ., herewith submitted, relates to the following institu­
tions, viz. : —
185 savings banks and institutions for savings
with assets o f .................................................. $519,999,625 14

5
34

2

savings banks in hands of the courts.
trust companies with assets of . .

.

154,294,868 32

trust companies in hands of the courts.

Abstracts o f the annual reports o f the several institutions
are appended hereto.
Part II., to be presented later in the session, will include the
reports o f : —
124 co-operative banks.
3 collateral loan companies.
1 mortgage loan company.
1 mortgage loan company in hands of receiver.

Iio
1X5

During the twelve months preceding the date o f the annual
reports, two savings banks have been placed in the hands of
receivers, and one co-operative bank, the
Roslindale Co-operative Bank,

has commenced business.


"V
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Federal Reserve Bank of St. Louis

R E P O R T O F TH E

IV

[Pub. Doc.

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

Dividends.
The rates o f dividends declared during the year, as compared
with those declared during the year ending Oct. 31, 1897, are
shown in the following table : —
E xh ibit A .

during the

Year

ending

i

4 savings banks paid at the rate of

Oct. 81, 1898.

.

o

tzS

Dividends Paid

'J
2

44
44

44
44

44
44

44
44

44
44

161

“
44
44
44

“
44
44
44

“
44
44
44

“
44
44
44

“
44
44
44

“

“

“

“

“

g
£)
No

.
.
.
.
.

3 per cent.
3£

-

8J

_

3f
4

»

41

44
44
‘4
44

41
*

Increase. Decrease.

41
43
^4

3
1
2

2

_

4

_

1

_

_

2

_

4
1

The 24 banks which declared dividends at rates other than
the general rate o f 2 per cent., semi-annually, made dividends
as follows : —
E xh ibit B .
4 banks paid 1£ per cent, the first term, 1£ per cent, the second term.
1
5
1

2
1
1
1

2
2
3
1

44

44

44

44

44

44

44

44

44

44

44

44

44

44

“

44

44

44

44

44

44

44

n

44

44

if

44

44

2
2
2
2
n
n
H
21
n

44

2

44

“

18
J 4

“

n

44

if
2i
2i
2

44

44

44

44

44

44

44

44

44

44

44

44

44

44

44

44

44

44

91

44

2
21
2

44

«

44

44

44

44

44

44

44

44

“

44
44
44

44
44

The total amount o f dividends declared was $17,768,299.79,
— an increase o f $432,780.33 over the total for the year end­
ing Oct. 31, 1897.
No bank made an extra dividend during the y e a r; in fact,
the great amount o f labor involved in computing an extra divi­
dend in the form prescribed by statute has o f late years caused
the banks generally to avoid the necessity o f making an extra


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Federal Reserve Bank of St. Louis

No. 8.]

SAYINGS BANK COMMISSIONERS.

v

dividend by occasionally paying a semi-annual dividend at a
rate slightly in excess o f their ordinary rate.
It will be noticed, by a comparison with last year’s return,
that the rates o f dividends are gradually being reduced; while
17 banks paid over 4 per cent, during the year ending Oct. 31,
1897, only 11 have exceeded that rate the past year; the num­
ber paying less than 4 per cent., as shown by the present
report, is 2 in excess o f the number shown in the previous
report.
The following statement shows the rates o f dividends during
the past year, as compared with rates o f those declared in the
year ending Oct. 31, 1893, — five years ago : —
In 1893,
u
(l
(ft
(ft
(ft
((

5 banks paid 5 per cent.; in 1898, 0.
(ft
« 48
“
0.
2 “
’ 4
(ft
“
5.
19
“
“ 4*
(ft
“
5.
4
“
“ 41
(ft
n 41
“
1.
0 “
■*8
(ft
“
161.
154
“
“ 4
“ less than 4 per cent.; in 1898, 13.*
0 “

A t the present time it seems probable that extra dividends
cannot be expected in the future; in fact, the ruling rates for
money at present are so low that in some cases banks will find
it difficult to maintain the rates at which their regular dividends
have heretofore been made.
The earning capacity o f the banks at present, as compared
with that existing five years ago, is in part evidenced by the
following statement o f loans existing Oct. 31, 1893, as com­
pared with those outstanding at date o f the present re p o rt: —
At the former date loans at less than 4 per cent.
amounted t o ........................................................................ $11,903,555 00
At the former date loans at 4 per cent, amounted
t o .................................................. .........
.
.
. 20,919,628 00
At the former date loans at over 4 per cent.
amounted t o ............................................................
. 263,163,911 00
The present report shows loans at less than 4 per
cent, to be
.
.
.
.
.
.
.
The present report shows loans at 4 per cent, to
b e ..........................................................................................
The present report shows loans at over 4 per cent,
to be


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Federal Reserve Bank of St. Louis

* Two paid 3J, 7 paid 3$ and 4 paid 3 per cent.

41,811,979 00
62,686,178 00
238,885,47700

[Pub. D oc.

R E P O R T OF TH E

VI

The decrease in earning capacity would be made still more
evident were a classification made o f the rates o f interest re­
ceived on investments in public funds, railroad bonds, etc.,
which rates are much lower than those prevailing five years
ago.
Business o f the Banks.
The following statement gives certain statistics o f the busi­
ness o f the banks, together with the increase, or decrease, in
the items, as compared with the preceding year : —

Exhibit C.

Number of open accounts,

.

.

.

.

Average amount to the credit of each account,

Oct. 31, 1898.

Increase.

1,406,722

22,393

$347 36

Decrease.
-

$5 01

1,638

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

1,246,565

-

Number of withdrawals.....................................

1,117,292

46,020

Amount deposited (not including dividends),

$82,608,619 69

-

$205,393 09

66 27

-

07

Average of d e p o s i t s , ..................................
Amount withdrawn (including dividends), .

-

83,382,101 76 $4,047,293 88

-

74 63

57

Amount of e x p e n s e s ,...................................

1,202,708 24

40,572 10

-

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

22,669,103 40

64,612 56

-

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

17,768,299 79

432,780 33

-

Average of withdrawals,

.

.

.

.

-

Number of loans of an amount not exceeding
$3,QUO each................................................................

66,874

736

-

Number of loans upon real estate,*

77,168

1,523

-

.

.

* Averaging $2,842.50 each.

A comparison with the returns o f Oct. 31, 1893, discloses an
increase during the five years, in loans secured by mortgages
o f real estate, o f 13,968 in number and o f $45,399,303 in
amount. The average o f such loans was in 1893 $2,768.21;
in the present returns it is $2,842.50.
The number o f loans o f all kinds not exceeding $3,000 each
has risen from 56,421 in 1893 to 66,874 in 1898, — an increase
o f 10,453 in the five years.
The above statements demonstrate the truth o f the oft-repeated
remark, that the banks as a whole are a great accommodation to
small borrowers who can offer satisfactory security for loans.

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Federal Reserve Bank of St. Louis

No. 8.]

vii

SAYINGS BANK COMMISSIONERS
Liabilities and Assets.

A classified statement o f the aggregate liabilities and assets
o f the banks is contained in Exhibit D , which follows ; the in­
crease, or decrease, in the several items, as compared with
those given in our previous report, is also shown therein.
Exhibit D .
A ggregate Statement

of

Liabilities

and

A ssets,

Showing Increase or Decrease, as compared with the Tear ending Oct. 3 1 ,
1897.

Liabilities.
Amount
Oct. 31, 1898.
Deposits,............................................................
Guaranty fund..................................................
Undivided e a r n i n g s ,..................................
Due on incomplete mortgage loans, .
.
Sundry liabilities..............................................
Bank liquidation account, .
.
.
.

$488,642,923
21,092,796
9,729,803
115,017
50,990
368,093

Percentage
of
Increase.

Increase.

92
85
27
65
10
35

$14,723,829
947,986
6,053
10,941
2,775
368,093

$519,999,625 14

-

65
92
68*
39*
31
35

3.11
4.70
.06*
8.69*
5.75
-

* Decrease.

Assets.
«f- o
Amount
Oct. 31, 1898.

Increase.

Decrease.

mO ®
ÖD® ®
* 2 <1
n«—

IIo
Public funds....................................................
Loans on public funds,
.
.
.
.
Bank stock......................................................
Loans on bank stock,..................................
Railroad b o n d s ,...........................................
Boston Terminal Company bonds, .
Loans on railroad bonds...............................
Loans on railroad stock,
.
.
.
.
Railroad notes.................................................
Real estate (for banking purposes), .
.
Real estate by foreclosure............................
Loans on real estate......................................
Loans on personal security,
Loans to counties, cities and towns (notes),
Loans on depositors’ books,
Sundry stocks and bonds taken to secure
indebtedness,...........................................
Expense a c c o u n t , ..................................
Premium a c c o u n t , ..................................
Furniture and fixtures,
.
.
.
.
Sundry a s s e t s ,* ...........................................
Cash on hand : —
In banks, on interest, .
In banks, not on inter­
est................................
In office,
.
.
.

62 $1,806,995 02
00
392,918 00
55
$1,933,871 04
24
121,406 19
32 4,393,794 91
88
2,470,120 00
00
73,100 00
00
101,229 00
100,000 00
4,335,797 96
96,028 45
2,494,654 35
441,259 77
219,349,881 35
7,065,815 16
89,624,614 69
3,432,143 88
1,695,966 84
11,533,619 55
60,374 86
8,656 86

$73,028,772
1,369,933
26,317,600
1,795,514
57,775,744
8,373,761
455,650
601,511

1,549,135
192,021
222,877
69,795
182,665

94
47 )
75
14
24 j

825,328 07

-

14.04
.26
5.06
.35
11.11
1.61
.09
.12
.84
.48
42.18
17.24
2.21
.01
.29
.13

2,317 18

$18,592,535 65
581,955 10
1,491,208 48
20,665,699 23
$519,999,625 14

2,588,240 01
-

3.98
-

-

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


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Federal Reserve Bank of St. Louis

REPORT OF THE

yin

[Pub. D oc.

The total amount o f deposits, say $488,642,923.92, repre­
sents a total o f 1,406,722 open accounts, — an average to each
o f $347.36, as against $342.35 on Oct. 31, 1897, at which date
the number o f accounts open was 1,384,329.
The total amount deposited during the year, exclusive o f
dividends, was $82,608,619.69 ; the number o f deposits being
1,246,565, these figures indicate a decrease o f 1,638 in number
and o f $205,393.09 in amount o f deposits, as compared with
the previous year.
The deposits during the year average $66.27 to each, — a de­
crease o f 7 cents from the average o f the preceding year.
The total sum withdrawn from the banks during the year
was $83,382,101.76, the number o f withdrawals being 1,117292, — an increase o f $4,047,293.88 in amount and o f 46,020
in number, as compared with the previous year.
The sums withdrawn during the year average $74.63 to each
withdrawal, — an increase o f 57 cents from the average o f the
preceding year.
Deducting the deposits and assets o f those banks which have
gone into receivers’ hands during the year from the aggregate
deposits and assets on Oct. 31, 1897, the present return shows
an increase o f $17,045,496.01 in the aggregate deposits and
o f $18,461,346.33 in the aggregate assets over the previous
return.
The guaranty fund amounts in the aggregate to $21,092796.85, — an increase o f $947,986.92 over the total on Oct.
31, 1897.
Undivided earnings show an amount o f $6,053.68 less than
on Oct. 31, 1897.
Investments.
B y reference to the preceding table, it will be seen that since
the previous statement the holdings o f the banks in —
Public funds have i n c r e a s e d ........................................ $1,806,995 02
Railroad bonds have increased
.
.
.
.
4,393,794 91
Boston Terminal Company bonds have increased .
2,470,120 00
Loans to counties, cities and towns have increased
1,695,966 84
Loans on public funds have increased
.
.
.
392,918 00

an aggregate o f rising $10,750,000 in assets which, while they
do not produce a large rate o f income, are considered among


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Federal Reserve Bank of St. Louis

N o. 8 .]

SA V IN G S B A N K CO M M ISSION ERS.

ix

the best investments for banks to make, and can be readily
converted into cash, should occasion require.
Loans on real estate also show an increase o f $7,065,815.16 ;
this class o f investments nets a larger income than those above
referred to, and, if the loans be judiciously made, should be
equally safe, though slower to realize upon in case o f need.
Cash on hand and on deposit in banks shows an increase of
$2,588,240. The total o f this item bears about the same ratio
to the aggregate assets as heretofore.
Loans
Loans
Loans
Loans

on
on
on
on

personal security have decreased
bank stock have decreased .
railroad bonds have decreased .
railroad stock have decreased .

. $3,432,143
121,406
73,100
101,229

89
19
00
00

and notes o f railroad companies have entirely disappeared.
O f the loans on personal security, amounting to an aggre­
gate o f $89,624,614.69, the banks, in addition to the principal
and sureties required by statute, hold collateral security for
$44,317,581.95 o f the amount, while the balance o f $45,307,032.74 is not so secured.
Sundry stocks and bonds taken to secure indebtedness show
an amount o f $825,328.07 in excess o f the previous year; this
increase is occasioned principally by the settlement o f deferred
claims existing a year ago, and not in consequence o f added
failures during the past year.
Real estate by foreclosure shows an increase o f $441,259.77,
— an item which, taken in connection with the increase o f the
last two years, is not pleasing to contemplate.
In the form adopted for the last annual reports, the banks
were requested to give much fuller information regarding the
estates held than has been the practice heretofore. The in­
formation thus obtained discloses the following facts, viz. : —
Number of banks holding real estate by foreclosure,

121

Number of estates so h e l d , ........................................
626
Value of the estates, as shown by the books of the
b a n k s , .................................................................................. $2,494,654 35
O f the estates, 347 are in the vicinity of the place
where the bank by which the loans were made is
located, and stand a t ..................................................

1,258,304 98

The remaining 279 estates are more or less distant
from the location of the bank, and stand at .
.

1,236,349 37


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Federal Reserve Bank of St. Louis

X

R E P O R T O F TH E

[Pub. D oc.

Investments in bank stock show a decrease o f $1,933,871.04 ;
this is owing in part to the reduction in capital stock by some
banks and the liquidation o f others. The stock o f those banks
in Boston, 9 in number, the controlling interest in which has
been bought by a syndicate for the purpose o f liquidating the
associations, appears in the returns as the property o f the sav­
ings banks, while the payment o f 10 per cent, o f the price
agreed to be paid for the stocks appears to the credit o f £‘ bank
liquidation account.” This plan was adopted in order that the
market value o f these stocks should be uniform in the returns
o f all the banks, — those which had agreed to dispose o f their
holding, as well as those which had not so agreed.
The full effect o f the proposed liquidation o f 14 banks in
Boston and the establishment o f 3 new ones will not be evi­
denced in the holdings o f bank stocks until another report is
called for.
During the year actual sales o f bank stock appear to have
been made by 47 banks, 4,809 shares being thus disposed of,
while 4,682 shares have been eliminated by reduction o f capi­
tal and 5,763 shares by the liquidation o f banks; and there
has been charged off for depreciation in bank stocks still held
the sum o f $118,473.46.
Purchases o f bank stock have been made by 31 banks, to the
extent o f 1,106 shares.
The banks, in making returns o f the market value o f bank
stocks held by them, have heretofore varied considerably in
their estimate o f value o f the same stock, the difference being
in some instances as much as $25 a share. In order to secure
more uniformity in the returns, this Board, when sending out
blanks for the same, notified the banks that it would, as soon
as possible after October 31, send a price at which to estimate
the value o f shares in those national banks the stock o f which
was very generally held by the savings banks. These prices
were obtained from the most reliable sources which the Board
could command, and each bank was requested to use them in
estimating the value o f the stocks held by it.
There are a number o f banks located outside o f the larger
business centres, but few shares o f which are held by savings
banks, and the Board did not undertake to obtain a rate at
which to estimate the value o f those stocks, and a difference


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Federal Reserve Bank of St. Louis

No. 8.]

SAVINGS BANK COMMISSIONERS.

xi

o f from $1 to $5 per share in the estimates may exist in those
cases; otherwise, the returns are uniform in respect to the
value o f shares, inasmuch as, with the exception o f some slight
variations (which do not materially affect the result) in the
case o f one or two returns, the quotations named were adopted
by the banks, and the returns are made more valuable as a basis
on which to compute the actual standing o f a bank than has
been the case heretofore.
The quotations o f prices were not intended as a basis for
sales or purchases, and may not, especially in cases o f banks
the shares in which are seldom offered for sale, have been the
actual valu e; but they have served the purpose for which
intended, viz., uniformity in the estimates, and the introduc­
tion o f the plan has met the approval o f the bank officials
generally.
Verification o f Books o f Depositors.
The provisions o f the statutes require that every third year
the banks shall call in the books o f their depositors for veri­
fication, under rules to be prescribed by the board o f invest­
ment, duly approved by this Board.
Such action became requisite during the calendar year just
close d ; and, except in the case o f a few o f the largest banks,
where it was possible to detail one or more o f a large clerical
force (not connected with the deposit department) to receive
and verify the books presented, it was required that some per­
son entirely disconnected with the clerical or executive busi­
ness o f the banks should be specially employed for the purpose
for a fixed period, during which the depositors had been re­
quested by public notice to present their books for verification.
This course involved additional expense to the banks, and
consequently in the smaller banks the time within which the
books were to be presented was limited to a shorter time than
would otherwise have been specified. The notice o f require­
ment for books to be brought in varied in the various banks,
some sending notice by mail to each depositor, while others
merely advertised in the papers published in the immediate
vicinity o f the banking rooms. Many banks kept a transcript
o f the books verified and the amount o f deposit each repre­
sented ; but, in the absence o f a uniform practice, it is not
possible to give exact data in relation thereto.

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Federal Reserve Bank of St. Louis

REPORT OF THE

Xll

[Pub. Doc.

In some o f the larger banks, where the verification was con­
tinued for a considerable portion o f the year, a large percent­
age o f the books outstanding was verified; but the depositors
as a whole do not appear to appreciate or comprehend the ad­
vantage to themselves, as well as to the bank officials, o f hav­
ing the books verified, and therefore do not put themselves to
the trouble o f presenting their b o o k s ; this indifference in part
annuls the advantages which it was expected the law would
accomplish.
F

r a m in g h a m

S a v in g s B a n k .

On the eighth day o f March, 1898, this institution was
placed under injunction, and Patrick H. Cooney o f Natick and
Arthur Y . Harrington o f South Framingham were appointed
receivers to wind up its affairs. This is the second time that
this bank has been closed.
The history o f events which led to the closing o f the bank
from 1885 to May, 1890, is given in the reports o f this Board
covering that period. The causes which led to the present
injunction are not wholly o f recent origin, and must in part
be sought in the transactions o f the bank following its re­
opening in May, 1890.
W hen the bank resumed business, its bank stock, public
funds and railroad bonds were carried on its books at par, and
a premium account, representing the amounts invested in these
securities above par, appeared among its assets. A t the time
o f the injunction much o f this premium had become valueless
through the depreciation o f bank stocks, so that a considerable
loss was shown in this item. The premium at this time
amounted to $60,438.17.
The first report o f the receivers shows that, after the sale
o f all these stocks and bonds, $33,189.60 was received above
par, to be applied towards the premium account. This sale
shows a loss o f over $27,000.
Another factor which contributed to the insolvency o f the
bank was the depreciation in the value o f its real estate loans.
Shortly after the reopening o f the bank some large loans were
made on unimproved real estate, which it was supposed would
be very valuable in time to come. But the business depression
o f 1893 coming on, and the owners o f the real estate becoming
involved financially, no interest was paid on these loans after


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Federal Reserve Bank of St. Louis

No. 8.]

SAVINGS BANK COMMISSIONERS.

xiii

they were made, and the market for real estate became dead.
The bank entered for foreclosure, and it was hoped that with
the coming o f business prosperity the market for land would
open again and that real estate values would increase ; but the
expected prosperity never came, and the bank was obliged to
hold the property.
There were other loans also which the
bank was obliged to foreclose, and to expend considerable
money on the properties in order to make them rentable.
In May, 1897, the treasurer o f the bank resigned, and Mr.
A . V . Harrington was elected treasurer in his stead. Soon
after Mr. Harrington’s election he caused a trial balance o f
the depositors’ ledgers to be made by an expert accountant,
and it soon became evident that there was a discrepancy in
the depositors’ accounts.
A n investigation showed that a
defalcation had been going on for a considerable time in small
amounts by the book-keeper o f the bank (W . H. B ird).
The examination o f the accounts o f the bank was continued
by the expert, acting under the direction o f the Board, and a
defalcation o f between $16,000 and $17,000 was disclosed.
During this time Mr. Bird was kept under the surveillance o f
the State police, and was finally arrested and brought into
court. Insanity rapidly developed, and before he was brought
to trial he was committed to the W orcester Insane Asylum.
The defalcation was not so large as o f itself to cause the in­
solvency o f the bank, but, taken with the losses caused by
depreciation and unfortunate loans, it developed a condition o f
affairs which called for the winding up o f the bank.
The first report o f the receivers is made up to Oct. 17, 1898,
and shows the amount o f $425,536.89 on hand, after deducting
expenses. The report has been allowed by the supreme court,
and a dividend o f 50 per cent, to depositors ordered. This
dividend is now being paid. A statement showing the liqui­
dation o f the assets o f the bank, up to Oct. 31, 1898, will be
found on page xxiv.
H

a m p s h ir e

S a v in g s B a n k .

The Hampshire Savings Bank and the Hampshire County
National Bank o f Northampton occupied the same room and
did business over the same counter. Lewis W arner, the treas­
urer o f the savings bank, was also president o f the national


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Federal Reserve Bank of St. Louis

xiv

REPORT OF THE

[Pub. D oc.

bank, and was the absolute power, doing much o f the detail
work in both banks.
A pril 26 one o f the members o f this Board made his annual
examination o f the savings bank. During this examination an
incident occurred in connection with the verification o f the
deposits o f the savings bank in national banks which required
explanation, and created a suspicion in his mind that the ac­
counts o f the savings bank were being interwoven with those
o f the Hampshire County National B a n k ; and it seemed to
him that an examination o f the national bank might throw
some light on the affairs o f the savings bank. The commis­
sioner returned at once to Boston and communicated with Mr.
Ewer, the national bank examiner, and he obtained permission
from Washington to make a special examination o f the Hamp­
shire County National Bank simultaneously with the examina­
tion o f the savings bank by the commissioner.
On the morning o f A pril 29 the dual examination was com­
menced. Mr. W arner not being at the bank, it was reported
that he was confined to his bed with a very heavy cold. The
investigation had not proceeded far before it was discovered,
beyond any question o f doubt, that Warner was a defaulter,
and immediate action was taken to have him detained at home
until a complaint could be made out and a warrant secured and
his arrest accomplished. Before this could be done, however,
he made his escape.
It was apparent to the commissioner that it would be neces­
sary to have an injunction placed on the savings bank, to pre­
vent its receiving further deposits or paying out money until
the real condition o f affairs could be ascertained. The com­
missioner returned to Boston, and on the next day, A pril 30,
the supreme judicial court granted a temporary injunction, and
the trustees took charge o f the affairs o f the bank.
A s investigation proceeded it became evident that the defalca­
tion was o f much larger proportions than was at first supposed,
and it would be necessary to put the bank into the hands o f a
receiver or receivers. On May 4 application was made by this
Board, through the Attorney-General, to the supreme judicial
court, for the appointment o f temporary receiver or receivers;
and the court appointed Richard W . Irwin and Benjamin E.
C ook, J r., both o f Northampton, temporary receivers.


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Federal Reserve Bank of St. Louis

No. 8.]

SAVINGS BANK COMMISSIONERS.

xv

They at once took charge o f all the affairs o f the bank, call­
ing in the depositors’ books and comparing them with the books
o f the bank, and otherwise, by the employment o f assistants,
pursuing a thorough examination o f the accounts. The national
bank having also been placed in the hands o f a receiver, the
affairs o f both banks could be looked into ; and, in order to
get at the condition o f the two banks, it was necessary that the
receivers be in position to confer, as the accounts o f one were
so mixed up with the affairs o f the other that without the co­
operation o f each it would have been impossible to ascertain the
true condition o f either. After several months’ investigation
it appeared that the defalcation amounted, in a round sum, to
$300,000, and that it would be impossible to reopen the bank
for business. On October 26 a petition was presented to
the court, asking that the injunction and receivers be made
permanent, and on November 15 this petition was granted.
On December 9 the receivers made their third report to the
court, in which it appeared that they had in their possession o f
the funds o f said savings bank $638,066.61, a sufficient amount
to pay the depositors a dividend o f 40 per cent., and asked the
court to allow them to make such distribution. The court
issued an order o f notice, returnable December 27, at which
time the prayer o f the receivers was granted, and 40 per cent,
is now being paid to depositors.
W arner, having the absolute control o f both banks, was
enabled to carry on in various ways his stealings, without
detection. W hen the commissioner made his examination, the
books o f the national bank would show that there was a large
amount on deposit to the credit o f the savings bank. W hen
the national bank examiner came, that amount would have
almost entirely disappeared. He used bonds to quite a large
amount as the assets o f both banks, shifting them from one to
the other, as occasion required. He kept mortgage notes that
had been paid, as live notes, endorsing the interest as having
been paid, thus making them appear as first-class notes. He
also had among his personal notes some which proved to be o f
no value whatever, but in perfectly legal form for the bank to
hold.
Developments connected with the affairs o f this institution
indicate a want o f proper oversight of, and attention to, the


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

REPORT OF THE

XVI

[Pub. Doc.

business o f the bank on the part o f the trustees, more especially
o f those on the board o f investment, and that the treasurer
was apparently allowed to manage the affairs o f the bank
almost entirely as he saw fit ; this lack o f ordinary care on the
part o f the trustees, added to the fact o f his holding the posi­
tion he did in the national bank, directly connected with the
savings bank, enabled the treasurer to carry out, and at the
same time to cover up, the nefarious schemes which resulted in
his downhill and the winding up o f the bank.
It is quite true that the treasurer o f a savings bank must
perforce be the officer in charge o f the details o f the business
o f the b a n k ; but it is equally true that the trustees and board
o f investment must be the managers o f the institution, in order
to have it conform to the theory o f savings institutions and to
secure the safety o f the depositors. Honest men — and the
officials and employees o f our savings banks are entitled to
that designation— do not object to proper supervision, and,
as a rule, such men demand and are pleased to have the super­
vision and aid o f their trustees in the successful management
o f the banks with which they are connected.
W hen a bank is conducted in such a way that it becomes
generally spoken o f not by its proper title, but as Mr. A ’s bank
or Mr. B ’s bank, it is an indication that the proper managers
are not giving that attention to its affairs which they should,
and suspicion is likely to arise as to its condition.
W arner was arrested at Louisville July 23, 1898, brought
back to Northampton, where he was indicted by the grand jury
for embezzlement and was tried in the superior court, and on
Tuesday, December 20, was found guilty ; is in jail, and await­
ing decision o f the supreme court on exceptions filed by his
counsel. The grand ju ry have also found an indictment against
him for perjury in swearing to false returns to this B oa rd ; the
trial on this charge is to take place in June.*
B

anks

connected

w it h

O

ther

I n s t it u t io n s .

Experience during ♦the year demonstrates very fully the op­
portunities which exist, when a savings bank and national bank
are located in the same room and managed by the same execu­
tive officer, for the commission o f criminal acts and the cover* A statement of the transactions of the receivers will be found on page xxvi.


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Federal Reserve Bank of St. Louis

No. 8.]

SAYINGS BANK COMMISSIONERS.

xvii

ing o f them when committed, and goes to emphasize more fully
the suggestions o f this Board, heretofore frequently made, that
all such connections should be interdicted by statute.
The act o f the last General Court in relation to banks so situ­
ated does not, in the opinion o f this Board, sufficiently provide
for the security and safety o f the depositors in the savings in­
stitutions.
Several national banks have already complied with the pro­
visions o f the act mentioned, and have voted'to allow such per­
son or persons as may be appointed by this Board to examine
the affairs o f the bank to such extent as the commissioners may
deem necessary or expedient to determine the condition o f the
savings banks connected.
The Board desires to say that the present Comptroller o f the
Currency at W ashington fully appreciates the advantages o f
joint examinations o f banks conducted in the manner herein
referred to, and has cheerfully complied with the suggestions
o f this Board, and authorized the national bank examiners o f
this Commonwealth to arrange for examination by them o f the
national banks connected with savings banks at the same time
the savings banks are examined by this Board, and simultane­
ous examinations are now being made. This arrangement will
obviate the necessity o f the appointment o f some person to
examine the national banks, as authorized by the act referred
to, — an authority which, if availed of, might lead to embarrass­
ments and complications for which no safeguards have been
provided.
B oston T e r m in a l

C om pany B

onds.

In the act (chapter 516, Acts o f 1896) incorporating the
Terminal Company, it was provided that savings banks and
institutions for savings might invest in its mortgage bonds, and
the privilege has been availed o f by a considerable number.
Recently some o f the banks have had opportunity to make
loans to individuals or firms, with a pledge o f these bonds as
security ; no authority for such loans has been provided by
statute, and it is suggested that such action be taken at the
present session o f the General Court as will enable such loans
to be made, in the same way as loans are now made on the
bonds o f municipalities and railroad companies.


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Federal Reserve Bank of St. Louis

REPORT OF THE

XV111

Bank

under

[Pub. D oc.

I n j u n c t io n .

Miners' /Savings Bank.
This bank, put under injunction D ec. 31, 1896, has now
been liquidated and its business closed, the results being very
gratifying alike to the depositors and officials o f the bank.
A dividend of 50 per cent,was declared, payable
.
. March 10, 1897.
“
“ 30
“
“
“
Aug.
16, 1897.
“
“ 20
“
“
“
Feb.
1, 1898.
And a dividend of surplus, equal to 6 per cent, of the
deposits, was declared, p a y a b l e ........................................ May
10, 1898.

These dividends were duly paid to the proper claimants, and
the depositors’ accounts are closed, with one exception. This
person never made claim to the deposit standing in his name,
and the treasurer, notwithstanding diligent research and in­
quiries, was unable to obtain trace o f him. The amount due
him, say $240.76, has by decree o f the supreme judicial court
been paid into the treasury o f the Commonwealth, ‘ ‘ to be held
and disposed o f according to law.”

B anks

in

the

H

ands

of

R e c e iv e r s .

SlocTcbridge Savings Bank.
The litigation referred to in our last report has been termi­
nated.
The deficit occasioned by the acts o f the former receiver,
Hobbs, having been ascertained definitely, so much thereof as
was covered by his bond for $20,000 has within a few days
been paid, without rebate o f any kind, by the company by
which it was issued, viz., the Fidelity and Casualty Company
o f New York.
The present receiver, W m . C. Spaulding, has now realized
all that can be obtained from the assets and claims which came
into his possession, and the court has granted him authority to
pay a final dividend o f 5 per cent. ; this will make a total of
80 per cent, which the depositors recover from the institution.
This dividend will be paid on or about February 1 next, and
will close the business o f this unfortunate institution.


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Federal Reserve Bank of St. Louis

No. 8 .]

SA V IN G S B A N K CO M M ISSION ERS.

xix

Brookfield Savings Bank.
The affairs o f this bank are virtually closed, and the receiver,
George W . Johnson, has filed his report with the court.
A final dividend o f 24^ per cent, was declared ; this, with
the dividends previously declared, makes a total o f 74^ per
cent, received by the depositors in liquidation o f their claims
against the bank.
The following statement shows the sums received and dis­
bursed by the receiver between the date o f the previous state­
ment and the closing o f his books, Oct. 31, 1898 : —


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

Exhibit E .
Statement of Receiver o f Brookfield Savings Bank.

Cash
Transactions.

$3,950 00
9,165 17

$9,165 17

Charged off by
Order of Court.

Credits
on Principal.

$3,950 00

$3,950 00

Assets Oct. 31,
1898.

REPORT OF THE

Loans on personal security..............................................................................................
Cash balance.......................................................................................................................

Assets Oct. 30,
1897.

$13,115 17
Receipts : —
Interest on deposits...........................................................................................................
Dividend from estate of H. P. G e r a l d , .....................................................................
Amount collected on treasurer’s bond................................................. $11,400 63
Less attorneys’ fees......................................................$750 00
Less costs of execution,...........................................
140 05
Less witness fees and service,...................................
149 45
-----------1,039 50
$10,361 13

235 69
53 19

10,361 13
$19,815 18

Payments : —
For e x p e n s e s ,.....................................................................................
$286 42
first dividend of 30 per c e n t . , ....................................................
21 47
second dividend of 20 per c e n t . , ...........................................
16 36
third dividend of 24§ per cent.,....................................................17,931 26
expense of distribution allowed by court,
.
.
.
.
200 00
compensation of receiver allowed by court................................
1,201 47
19,656 98

Cash balance Oct. 31,1898 (unpaid dividends).....................................................

$158 20


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

$158 20
$158 20

[Pub. D

$19,656 98

No. 8 .]

SA Y IN G S B A N K CO M M ISSION ERS.

xxi

M illis Savings Bank.
The receiver o f this institution — George W . W iggin — tiled
his second report to the supreme judicial court on the 5th ot
December last, at the same time petitioning for authority to
pay a final dividend o f 16 per c e n t.; a previous dividend o f 80
per cent, had been declared, o f which $101 remained unpaid
at the date o f the second report.
W hen the petition o f the receiver shall have been allowed,
as it probably will be in a few days, depositors in this institution
will be entitled to the amount at once, and will then have re­
ceived in settlement o f their claims 96 per cent, ot the amount.
The following statement shows the receipts and disburse­
ments o f the receiver from the date o f our previous report to
Dec. 5, 1898 : —


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

xxii

Exhibit F .
Statement o f Receiver o f Millis Savings Bank.
D isposition
Assets Oct. 30,
1897.

A ssets .

Interest Col­
lected.
$61 83

Loans on personal security.................................................

$250 00

$250 00

1,632 83

1,632 83

Credits on
Principal.

Assets Dec. 5,
1898.

$250 00

R E P O R T O F TH E

Received in
Cash.

Cash balance,

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

op

$1,882 83
Received: —
Interest on deposits, ............................................................

51 59

Interest on l o a n s , ............................................................

61 83
5 00

For furniture..........................................................................

$2,001 25
Payments: —
On account first dividend of 80 per cent.,
For e x p e n s e s ,....................................................................

5 00
$402 29

402 29
$1,598 96

$1,598 96
$1,598 96

[Pub. Doc


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

$397 29

No. 8 .]

SA Y IN G S B A N K CO M M ISSION ERS.

X X lll

Framingham Savings B an k .
The following statement shows the condition o f this institu­
tion according to its books at the time the receivers were
appointed, together with a summary o f their actions since, and
a statement o f the assets as existing Oct. 31, 1898, at which
date the amount due depositors was found to be $829,197.25 : —


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

xxiv

Exhibit G.
Statement of Receivers o f Framingham Savings Bank.
D isposition

CHARACTER OF ASSETS.

Amount
delivered to
Receivers
March 10, 1898.

$491,301
20,355
148,300
31,000
200
500
6,094
5,769
2,526
16,318
47,716
426
19,943

88
90
00
00
00
00
61
00
28
64
85
10
29

$170,450
9,175
177,643
31,352
200

A ssets ,

Transferred
to Real Estate
by
Foreclosure.

35
00
74
50
00

.

$14,162
526
34
958
10

-

-

-

-

-

-

-

-

2,526 28
5,418 00

921 24
1,629 00
-

19,943 29

-

-

-

-

$141,524 28
15,692
2,535
2,662
4,046

30
97
66
50

$436,252 55
3,094 08

Cash balance Oct. 31, 1898,

$433,158 47

02
87
75
33
33

$15,692 30

of

R e c e iv e r s .

Total Credits
on
Principal.
$304,030
9,175
177,643
31,352
200

35
00
74
50
00

_
-

2,526 28
6,339 24
1,629 00
~

-

Assets
;Oct. 31, 1898.

$187,271 53
11,180 90

_
_
_

500 00
6,094 61
5,769 00
_

9,979 40
187,612 13
426 10
-

$532,896 11

_
_
.

.

433,158 47
$841,992 14

[Pub. D oc.

Less expenses to Oct. 31, 1898,


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

R epo bt

Interest
Received.

$133,580 00

$790,452 55
Received: —
Interest on loans, etc.,
Interest on deposits, .
Rents.....................................
Dividends on bank stocks,

shown b y

R E P O R T O F TH E

Loans on real estate.............................
Loans on personal security,
Bank s t o c k s , ...................................
Public funds..........................................
Loans on bank stocks,
Loans on depositors’ books,
Trustee’s account, C. C. Esty, .
Sundry stocks.......................................
Waban houses, Hano loan,
Overdue interest...................................
Real estate by foreclosure,
Furniture................................................
Cash.........................................................

Received in
Cash.

op

No. 8 .]

SA V IN G S B A N K COM M ISSION ERS.

XXV

Hampshire Savings Bank.
Referring to another portion o f this report for information
regarding the closing up o f this institution, we annex an ex­
hibit o f its condition, as determined by the expert examination ;
the statement also shows in detail the transactions o f the re­
ceivers up to December 5 last, and the assets and liabilities at
that date : —


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

E xhibit I I .

xxvi

Statement o f Receivers o f Hampshire Savings Bank.

CHARACTER OF ASSETS.

Assets deliv­
ered to Receiv­
ers May 10,
1898.

00
50
00
00
00
00
40
06
00

Received in
Cash.

$14,000
126,036
4,000
59,450
22,350
14,850
50,878
338,939

00
32
00
00
00
00
40
85

in

A ssets ,

Disbursed
in Cash.

-

- '
-

-

a s shown b y

Offsets.

_
$500 00
6,942 48

R eports

Transfers
from.

-

-

_
$2,300 00
11,231 50
11,670 00

op

R e c e iv e r s .

Transfers
to.

_
_
_
$13,070 00
2,200 00

Charged off.

Amount of
Assets
Dec. 5, 1898.

_
-

$6,000 00
9,454 18
16,000 00

_

2,500 00

_

_

$700 00
7,500 00
122,620 00

5,025 00
474,801 23
57,300 00

$1,349,778 96
10,261 00

Real estate by foreclosure,
Expense account, .
Depositors’ overdrafts,
Interest on loans, .
Interest on deposits,
Dividends on bank stocks,
Treasurer’s bond,.
Sundry receipts, .
Discharge of mortgage,
•
Total receipts,
Total disbursements,

3 94
29,831 33
1,044 57
783 50
10,000 00
59 66
“
$682,488 57
2,986 68

.

Cash balance Dec. 5, 1898,

.

25

_
885 24
25

$2,986 68
-

$8,327 97
-

$1,395 10
1,591 33
-

-

.
-

$25,201 50
-

12,131 50
131 50
-

$27,533 00
-

$679,501 89

.
-

$130,820 00
-

3,265 60
1,591 33
127 56
_

_

679,501 89
$1,255,566 79

L ia b il it ie s .
Due to d e p o sito rs,...............................................................................................................$1,538,820 13
Unpaid bills incurred prior to receivership........................................................................
25 58
Due for rent from Jan. 1 to May 1, 1 8 9 8 , ....................................................................
250 00
$1,539,095 71

[Pub. D oc.


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

-

R E P O R T O F TH E

$20,000
135,490
20,000
59,450
25,350
14,850
58,903
826,345
189,390

Public funds,
Bank stocks, .
Railroad bonds, .
Deposits in banks,
Loans on bank stocks, .
Loans to towns, .
Personal loans,
Real estate loans, .
Special list of loans,

Changes

No. 8 .]

SAVINGS BANK COMMISSIONERS.

T

ru st

xxvii

C o m p a n ie s .

A t the date o f the annual reports there were 34 trust com­
panies transacting business in this Commonwealth; 2 companies
were in the hands o f the court and 2 which are incorporated
had not commenced business.
The 34 companies transacting business held deposits in their
banking departments o f $118,743,979.40, with other liabilities
o f $22,873,531.51 and total assets o f $141,617,510.91.
O f the 34 companies, 11 have established trust departments,
the liabilities in which amount to $12,677,357.41.
Statements o f the several companies will be found annexed
to this report on pages 674 to 707.
The companies incorporated, but not commenced business,
are as follows, viz. : —
Pynchon Safe Deposit and Trust Company, Springfield, incor­
porated March 27, 1895;

time for organization extended

in 1897.
Taunton Safe Deposit and Trust Company, Taunton, incorpo­
rated June 8, 1897.

T

ru st

C o m p a n ie s

in

H

ands

of

the

Court.

Suffolk Trust Company.
During the year past the receiver has collected the sum o f
$4,221.87 and paid out in expenses $1,023.86, as shown in the
statement annexed.
O f the collections, the amount o f $220 was derived from
loans originally made in the banking department o f the com­
pany, and $3,615 was received from its western investments.
Aside from the cash in the hands o f the receiver, the re­
maining assets are o f little or no value.


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

xxviii

E xhibit I .
Statement o f Receiver o f Suffolk Trust Company.
D isposition o r A ssets , as shown
op R e c e iv e r .
CHARACTER OF ASSETS.

$44,211
30,246
3,373
24,273
4,400
532
777
4,141
446
10,934
3,347
17,739
234
10,186

14
37
75
21
00
25
85
15
88
20
52
39
80
90

Received in
Cash.

$20 00
200 00
-

3,600 00
25 00
_
-

15 00
14 91
10,186 90

$154,845 41

_
_
-

_
_
_
-

190 15
156 81

Total receipts for y e a r , ............................................................
Less expenses for y e a r , ....................................................................

$14,408 77
1,023 86

Cash balance Oct. 81, 1898................................................................

$13,384 91

_

Total Credits
on
Principal.
$20 00
200 00

_

-

$156 81
_

_
-

$156 81

3,600 00
25 00
-

15 00
_
14 91
-

Amount
Oct. 31, 1898.

$44,191 14
30,046 37
3,373 75
24,273 21
800 00
507 25
777 85
4,141 15
446 88
10,919 20
3,347 52
17,739 39
219 89
-

$3,874 91

-

_
13,384 91
$154,168 51

[P ub. Doc

Received interest on d e p osits,............................................................
Received from interest on loans, etc ....................................................


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

Charged off.

Interest
Collected.

R eport

REPORT OF THE

Time loans.................................................................................................
Demand l o a n s , .....................................................................................
Tax sale certificates,.............................................................................
Coupon account.........................................................................................
Mortgage lo a n s ,.....................................................................................
Bills receivable,.....................................................................................
Overdrafts,..............................................................................................
Furniture, etc ...........................................................................................
Teller’s memoranda,.............................................................................
Real estate eq u ities,.............................................................................
Due from agents.......................................................................................
Foreclosure account,.............................................................................
Maverick National B a n k ,....................................................................
C a s h , ......................................................................................................

Amount
Oct. 30, 1897.

by

No. 8 .]

SAYINGS BANK COMMISSIONERS.

X X IX

The matter o f the liability o f stockholders is still pending,
the master having heard most o f the evidence, and it is hoped
that his report will soon be made to the court.
The receiver, J. Haskell Butler, intends to push this matter
as much as his position will allow, and promises to close up
his trust during the present calendar year.
Union Loan and Trust Company.
This company remains as at the date o f our last report, en­
joined by the court from doing any banking, safe deposit or
trust business under its charter, but authorized to “ deal with
its assets for the purpose o f turning them into cash or securi­
ties promptly convertible into cash.”
C o n c l u s io n .

The following pages contain statements o f the several savings
banks and trust companies, as compiled from the annual reports
o f the various institutions.
A consolidated balance sheet o f the assets and liabilities o f
the savings banks is given on pages 666 and 667.
Similar
balance sheets o f the assets and liabilities o f the trust compa­
nies in both their banking and trust departments is shown on
page 708.
The table on pages 670 and 671 gives the number, condition
and progress o f the banks in each year since 1834, the date
when returns were first required.
In’The A ppendix will be found the statutes relating to savings
banks and trust companies, corrected to date.


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Federal Reserve Bank of St. Louis

STARKES

W H IT O N ,

W IL L IA M

D. T . TREFRY,

W A R R E N E. LOCKE,
Commissioners o f Savings Banks.

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

ABSTRACT OF ANNUAL REPORTS
OF T H E

SA Y IN G S

BANKS
FOR

AND

IN STITU TIO N S

SAVIN G S,
SH O W IN G T H E IR

CONDITION A T T H E CLOSE OF BUSINESS


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Federal Reserve Bank of St. Louis

October 31, 1898.

2

R E P O R T O F TH E

[Pub. Doc

A B IN G T O N SA V IN G S B A N K — A B IN G T O N .
Incorporated March 17, 1853.

Present number of corporators, 59.

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

Names of committee charged with the investment of its funds:
S i l a s B . D ic k e r m a n ,
O t is W . S o u l e ,
J o se p h L. G r e e n w o o d ,

John W . S pro u l,
W il l i a m J. C o u g h l a n ,
W il l ia m Y a n c e .

Open for business every business day, 9

a .m .

B a la n c e Sh e e t O cto ber

to 12

m.

; 1 to 4

p .m .

31, 1898.

A ssets.

L ia b il it ie s .

Public funds, as per schedule, .
Bank stock, as per schedule,
Loans on bank stock,
Railroad bonds, as per schedule,
Boston Terminal Co. bonds,
Real estate (for banking purp o s e s ) , ....................................
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
( n o t e s ) ,....................................
Loans on depositors’ books,
Deposits in banks, on interest, .
Expense account,
Real estate income, .
Lawrence Duck Co. stock,*
Furniture and fixtures,
Store fixtures, .
.
.
.
Cash on hand, .
.
.
.

$104,300
127,600
9,975
227,000
10,000

00
00
00
00
00

42,000
73,718
1,117,892
329,820

00
73
27
00

61,600
810
40,642
293
611
6,000
1,000
1,000
3,694

00
36
20
43
73
00
00
00
84

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

$2,024,947 54
99,100 00
11,057 28
19,698 94
3,154 80

$2,157,958 56

$2,157,958 56

* Taken to secure indebtedness.

Cash on Deposit in Banks, amount in each : —
Abington National Bank, A b i n g t o n ,....................................
National Bank of Redemption, Boston,
.
.
.
.

.

$21,293 47
19,348 73

Loans on Bank Stock, amount on each : —
100
5
10
10

shares
shares
shares
shares

Traders’ National Bank, Lowel l , .
.
.
.
National Granite Bank, Quincy, .
.
.
.
First National Bank, Rockland...............................
First National Bank, Rockland, .
.
.
.


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

$8,000
300
875
800

00
00
00
00

No. 8 .]

3

S A Y IN G S B A N K CO M M ISSION ERS.

Abington Savings Bank — Continued.
D etailed Statem ent o f P u blic F u nd s.
Estimated
Market Value.

Par Value.

City of Fort W ayne, Ind., 6s, .
of Grand Rapids, Mich., 5s,
of Malden, Mass., 4s,
of Medford, Mass., 4s,
of New Britain, Conn., 4s,
of Springfield, Ohio, 4ès, .
of Springfield, Ohio, 5s, .
Town of Abington, Mass., 4s, .
of Middleborough, Mass., 4s,
County of Middlesex, Mass., 4s,
of Washington, Me., 4s,

00
00
00
00
00
00
00
00
00
10,100 00
20,900 00

2.000
10,000
5.000
5.000
18,000

10,000
10,000
20,000
$104,300

*

$5,100
3,240
16,626
2,035
10,450
5,475
5,325
19,140
11,050

$5,000
3.000
16,300

$109,441 00

Amount Invested.

$5,000 00
3.000 00
16,300 00
2.000 00
10,000 00
5.000 00
5.000 00
18,000 00
10,000 00
10,000 00
20,000 00*
$104,300 00

A legal Investment when made.

No. of
Shares.

D etailed Statem ent o f B an k Stocks.

62
40
50
74

12
59
50
50
150

100
100
38

110
45
19

68
31

22
50

10
50
32

20
32

2

Par Value.

Abington N ’l Bank, Abington,
First N ’l Bank, Adams, .
Blackstone N ’l Bank, Boston, .
Boston N ’l Bank, Boston,
Central N ’l Bank, Boston,
Eliot N ’l Bank, Boston, .
Globe N ’l Bank, Boston, .
Hamilton N ’l Bank, Boston, .
Howard N ’l Bank, Boston,
Merchants’ N ’l Bank, Boston, .
Metropolitan N ’l B’k, Boston,.
Mt. Vernon N ’l Bank, Boston,
N ’l B’k of Redemption, Boston,
N ’l B’k of the Republic, Boston,
National Eagle Bank, Boston,
N ’l Hide & Leather B’k, Boston,
Nat’l Webster Bank, Boston, .
North National Bank, Boston,
Second National Bank, Boston,
Shoe & Leather N ’l B’k, Boston,
South End N ’l Bank, Boston, .
State National Bank, Boston, .
Brockton Nat’l B’k, Brockton,.
Old Colony N ’l B’k, Plymouth,
First Nat’l Bank, Rockland, .


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Federal Reserve Bank of St. Louis

$6,200
4,000
5,000
7,400

1,200
5,900
5,000
5,000
15,000

10,000
10,000
3,800

11,000
4,500
1,900
6,800
3,100

2,200
5,000

1,000

Estimated
Market Value.
$6,510
5,000
3,900
7,344
1,428
7,670
5,000
5,700
14,587
15,500
9,100
3,657
12,457
6,446
1,672
7,259
3,169
2,244
8,700

00
00
00
50

00
00
00
00

Amount Invested.

$6,200
4,000
5,000
7,400

1,200

50

5,900
5,000
5,000
15,000

00
00

10,000
10,000

50
50
25

11,000

00
00
75

00
00
1,020 00

3,800
4,500
1,900
6,800
3,100

2,200
5,000

1,000
5,000
3,200

3,200

3,262 50
3,576 00
2,400 00
4,000 00

200

220 00

200

$127,600

$141,824 50

5,000
3,200

2,000

2,000
3,200

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

$127,600 00

4

R E PO R T O F TH E

[Pub. Doc.

Abington Savings Bank — Continued.
D etailed Statem ent o f R ailroad Bonds.

Par Value.

Boston & Lowell R.R. 4s,
Boston & Maine R.R. 4s, .
Concord & Montreal R.R. 4s, .
Eastern R.R. 6s,
.
.
.
Fitchburg R.R. 4s, .
Grafton & Upton R.R. 4 s ,.
Maine Central R.R. 4£s, .
Old Colony R.R. 4s, .
Penobscot Shore Line R.R. 4 s ,.
Portland & Ogdensburg R.R. 6s,
Rumford Falls & Rangeley Lakes
R.R. 5 s , ..................................................
Upper Coos R.R. 4£s,

$22,000
39,000
30,000
25,000

21,000
10,000
10,000

Estimated
Market Value.
$22,990 00
43,440 00
32,400 00
29,687 50
21,470 00

$22,000
39,000
30,000
25,000

00
00

20,000

00
00
00
00
21,000 00
10,000 00
10,000 00
15,000 00
25,000 00
5,000 00

10,000 00
11,000 00
16,800 00
26,125 00
5,150 00

15,000
25,000
5,000

20,000

23,400
5,450

5,000
$227,000

Amount Invested.

$247,912 50

00
5,000 00

$227,000 00

Total A m ount o f L oan s, w ith E ach Specified Rate o f Interest.

Amount.
$19,348 73
21,293 47
158,500 00

Rate.
2

per cent.

2à

“

4

“

Amount.

Rate.

$113,000 00
143,100 00
148,674 85

4i per cent.
f

Amount.
$72,750 00
884,072 78

Rate.
5.J per cent.
6

"

Amount invested in real estate for banking purposes,....................................
Estimated value of the same,.................................................................................
Assessed value of the s a m e ,.................................................................................
Net income received from same during year ending Oct. 31, 1898,
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 year ending Oct. 31, 1898,
Number of loans which are of an amount not exceeding $3,000 each, 771
Aggregate amount of the s a m e , ........................................................................

$42,000
42,000
39,500
817

00
00
00
60

73,718 73
64,015 00
816 65
827,268 65

Total number of loans upon real e s t a t e , ............................................791
Amount of investments from which no income is received..............................
Gross amount of interest, or profits received or earned, as per books,
during year ending Oct. 31, 1 8 9 8 , ...............................................................
Times for the dividends fixed by the by-laws : first Tuesday in April and
October.


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Federal Reserve Bank of St. Louis

30,665 54
100,754 03

No. 8 .]

SA V IN G S B A N K CO M M ISSION ERS.

5

Abington Savings Bank — Concluded.
Rate and amount of eachsemi-annual dividend f2Jper cent., $40,954 89 J $80,286 49
during the year
endingOct. 31,1898,
.
. i 2 per cent., 39,331 60 i
Number of accounts opened during the year ending Oct. 31, 1898,
. 418
Number of accounts closed during the year ending Oct. 31, 1898,
. 337
Total number of open accounts Oct. 31, 1898,
.
.
.
.
4,168
Total expenses of the corporation for the year ending Oct. 31, 1898 (ex­
5,242 85
clusive of taxes), ...................................................................................................
Amount of deposits, not including dividends, received during the year
224,930 96
ending Oct. 31, 1 8 9 8 ,..........................................................................................
Number of s a m e , .......................................................................................... 1,972
Amount of withdrawals, including dividends, during the year ending
242,447 60
Oct. 31, 1 8 9 8 , ...................................................................................................
Number of s a m e , ..........................................................................................2,823
Date of examination by commissioner : March 28.


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Federal Reserve Bank of St. Louis

6

R E P O R T O F TH E

[Pub. Doc

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

Present number of corporators, 13.

E . F . Co o k , President.
E . D . B a n g s , Treasurer.
G e o r g e C u t l e r , Clerk o f the Corporation.

Names of committee charged with the investment of its funds :

W . E. B r id g m a n ,

E. F. C o o k ,
L. D . H il l s ,

D. W . Palm er.

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

a .m .

to 12

m .;

1.30 to

B a l a n c e S h e e t O c t o b e r 31, 1898.

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),
....................................
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 .

$147,875
196,471
30,076
127,800
85.000

00
41
00
00
00

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

$2,391,930 52
109,283 00
45,869 87

15.000 00
1,509,606 00
230,395 00
105,750
1,100
82,581
5,000
10,428

00
00
14
00
84

$2,547,083 39

$2,547,083 39

Cash on Deposit in Banks, amount in each : —
First National Bank, A m h e r s t ,........................................................................ $49,531 14
City National Bank, Holyoke................................................................................
7,000
Hampshire County National Bank, Northampton............................................
15,050
Agawam National Bank, Springfield,...............................................................
5,000
Pynchon National Bank, Springfield,...............................................................
11,000

00
00
00
00

Loans on Bank Stock, amount on each: —
5 shares Palmer National Bank, Palmer, .
8 shares First National Bank, Easthampton,
.
100 shares Broadway National Bank, Boston,
180 shares Mechanics’ National Bank, Boston,
10 shares First National Bank, Amherst, .
3 shares Southbridge National Bank, Southbridge, .


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Federal Reserve Bank of St. Louis

$500 00
300 00

10,000 00
18,000 00
’ [

1,276 00 *

No. 8 .]

7

SA Y IN G S B A N K CO M M ISSION ERS

Amherst Savings Bank — Continued.
D etailed Statem ent o f P u blic F u nd s.

Par Value.

City of Chicago, 111., 4s, .
of Pawtucket, R. I., 5s,
of Saginaw, Mich., 4è,
Town of Beverly, Mass , 4s,
of Clinton, Mass., 4s,
of Marblehead, Mass., 4s,
of Springfield, V t., 4s, .
United States 5s,
.
.
.

*

Estimated
Market Value.

50,000

00
00
00
00
00
00
10,100 00
55,875 00

$148,000

$156,555 00

f20,000
3,000

20,000
10,000
20,000
15.000

$20,600
3,030
20,550
10,625
20,250
15,525

10.000

Amount Invested.

$19,875 00
3,000 00*
20,000 00
10,000 00
20,000 00
15.000 00
10.000 00
50,000 00
$147,875 00

A legal investment when made.

No. of
Shares.

D etailed Statem ent o f B an k Stocks.

100
34
80

10
15
50
45
28
94
56

100
100
30
5
78
130
67
80
125
117
38
116
115
70

Par Value.

First Nat’l Bank, Amherst,
First Nat’l Bank, Barre, .
N ’l B’k of the Republic, Boston,
N ’l Hide & Leather B’k, Boston,
Suffolk National Bank, Boston,
Third National Bank, Boston,.
Conway Nat’l Bank, Comvay, .
National Pahquioque Bank,
Danbury, Ct.,
First N ’l Bank, Easthampton, .
Franklin Co N ’l B’k,Greenfield,
City National Bank, H olyoke,.
Holyoke Nat’l Bank, Holyoke,
National Bank of Commerce,
New London, C t .,,
Berkshire N ’l B ’k, No. Adams,
First N ’l Bank, Northampton,
Hampshire Co. National Bank,
Northampton,
Northampton National Bank,
Northampton,
First N ’l Bank, Norwich, Ct., .
Second N ’l Bank, Norwich, Ct.,
Thames N ’l B ’k, Norwich, Ct.,
Palmer National Bank, Palmer,
Agawam N ’l Bank, Springfield,
Chapin N ’l Bank, Springfield,
First N ’l Bank, Springfield,
.


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Federal Reserve Bank of St. Louis

Estimated
Market Value.

Amount Invested.

$15,000
3,400
11,460
1,067
1,590
4,487
4,500

00
00
00
50
00
50
00

$14,910 00
3,400 00
10,095 50
1,000 00
1,495 08
4,500 00
4,493 33

3,920
9,400
5,712
10,500
15,500

00
00
00
00
00

3,870 00
10,928 00
5,600 00
10,000 00
10,800 00

3,000
500
7,800

3,900 00
550 00
10,530 00

3,000 00
500 00
9,380 00

13,000

2,600 00

5,200 00

$10,000
3,400

8,000
1,000
1,500
5,000
4,500
2,800
9,400
5,600

10,000
10,000

6,700

8,000
12,500
11,700
3,800
11,600
11,500
7,000

13,400
9,200
14,375
18,720
5,510
6,380
14,375
7,840

00
00
00
00
00
00
00
00

6,954 00
00
14,825 00
16,101 00
5,306 50
9,860 00
13,623 00
8,730 00

8,000

8

R E P O R T O F TH E

[Pub. D oc

Amherst Savings Bank — Continued.

No. of
Shares.

D etailed Statem ent o f B a n k Stocks — Concluded.

56

8
25
40

10

Par Value.

Crocker N ’l B’k, Turner’s Falls,
Ware National Bank, Ware, .
Citizens’ N ’l Bank, Worcester,
City N ’l Bank, Worcester,
Mechanics’ N ’l B’k, Worcester,

$5,600
800
2,500
4,000

1,000
$182,200

Estimated
Market Value.
$6,832
840
3,375
5,600
850

Amount Invested.

00
00
00
00
00

$211,414 00

$5,600
800
2,500
4,000

1,000

00
00
00
00
00

$196,471 41

D etailed Statem ent o f R ailroad Bonds.

Par Value.

Boston & Lowell R.R. 4 s ,.
Boston & Maine R.R. 4s, .
Boston & Maine R.R. 4£s,
Fitchburg R.R. 5s,

$43,000
35,000

10,000
40,000
$128,000

Estimated
Market Value.
$44,572
39,375
12,500
42,262

Amount Invested.

50
00
00
50

$43,000 00
34,800 00
10,000 00
40,000 00

$138,710 00

$127,800 00

Total A m ou n t o f L oa n s, with E ach Specified R ate o f In terest.

Eate.

Amount.

Rate.

3 per cent.
3|
“
4

$41,000 00
6,700 00
1,516,799 00

4£ per cent.
4|
»
5
“

Amount.

$44,531 14
33,000 00
185,450 00

Amount.
$32,006 00
100,022 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, 1898,
Number of loans which are of an amount not exceeding $3,000 each, 748
Aggregate amount of the s a m e , ........................................................................
Total number of loans upon real e s t a t e , ............................................. 832
Amount of investments from which no income is received, .
.
.
.
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 3 1 , 1 8 9 8 , ...............................................................
Times for the dividends fixed by the by-laws : January 1 and July 1.


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Federal Reserve Bank of St. Louis

Kate.
5^ per cent.
6
“

$15,000
15,000
9,500
711

00
00
00
95

703,979 00
9,860 00
117,073 28

No. 8 .]

SA V IN G S B A N K CO M M ISSION ERS.

9

Amherst Savings Bank — Concluded.
Rate and amount of each semi-annual dividend J 2 per cent., $44,393 9 2
| $95,818 74
during the year ending Oct. 31, 1898,
.
. i 2^ per cent., 51,424 82
Number of accounts opened during the year ending Oct. 31, 1898,
. 596
Number of accounts closed during the year ending Oct. 31, 1898,
. 445
Total number of open accounts Oct. 31, 1898,
.
.
.
.
5,287
Total expenses of the corporation for the year ending Oct. 31, 1898 (ex­
clusive of taxes),
..........................................................................................
5,479 12
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1898..............................................................................................
322,110 29
Number of same...................................................................................... 3,679
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 8 9 8 , ...................................................................................................
297,876 33
Number of same...................................................................................... 3,622
Date of examination by commissioner: September 2.


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Federal Reserve Bank of St. Louis

10

R E P O R T OF TH E

[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.

Present number of corporators, 36.

M oses T. S t e v e n s , President.
J o h n F. K i m b a l l , Treasurer.
J o h n F. K i m b a l l , Clerk o f the Corporation.

Names of committee charged with the investment of its funds :
L e w is T . H a r d y ,
W i l l i a m S . J e n k in s ,
M oses T . S t e v e n s .

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 Wednesday of March,
June, September and December, 9 a . m . to 12 m . ; 2 to 4 p . m .

B a l a n c e S h e e t O c t o b e r 31, 1898.

A ssets.

L ia b il it ie s .

Public funds, as per schedule, .
Loans on public funds,
Bank stock, as per schedule,
Loans on bank stock,.
Railroad bonds, as per schedule,
Boston Terminal Co. bonds,
Real estate by foreclosure,.
Loans on real estate, .
Loans on personal security,
Loans on depositors’ books,
Deposits in banks, on interest, .
Deposits in banks, not on interest,
Expense account,
Cash on hand, .
.
.
.

$402,000
80
264,983
2,112
842,987

00
00

50
50
50

20,000 00

87,996
1,282,193
38,852
50
56,703
5,461
2,178
9,320

98
95
00
00
15
27
07
05

$3,014,918 97

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

$2,740,238 92
136,000 00
49,869 81
85,122 84
3,687 40

$3,014,918 97

Cash on Deposit in Banks, amount in each : —
Andover National Bank, Andover,
Blackstone National Bank, Boston,

$8,461 27
53,703 15

Loan on Public Funds : —
$100 City of Boston, Mass., 4s..................................

$80 00

Loans on Bank Stock, amount on each : —
32 shares Andover National Bank, Andover,
6 shares National Bank of the Republic, Boston,
4 shares National Bank of the Republic, Boston,


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

$1,300 00
512 50
300 00

No. 8 .]

11

S A Y IN G S B A N K CO M M ISSION ERS

Andover Savings Bank — Continued.
Detailed Statem ent o f Public F unds.

Par Value.

City of Boston, Mass., 4 s ,.
of Brockton, Mass., 4s.,
of Chicago, 111., 4s, .
of Fall River, Mass., 6s, .
of Gloucester, Mass., 4s, .
of Lewiston, Me., 6s,
of Lynn, Mass., 4s, .
of Portland, Me., 6 s ,.
of Sioux City, Iowa, 4ès, .
Town of Andover, Mass., 4s, .
of Arlington, Mass., 4s, .
of Marblehead, Mass., 4s,
of Melrose, Mass., 4s,
of Methuen, Mass., 4s, .
of Peabody, Mass., 4s, .
United States 3s,
County of Aroostook, Me., 4às,
of Rockingham, N. H., 4s,

$50,000
48,000
75,500

11,000
9,000
4,000
50,000

21,000
15,000

10,000
10,000
25,000
26,000
9,000

Estimated
Market Value.
$56,250 00
53,615 00
83,050 00
11,601 25
9,450 00
4,240 00
55,325 00
25,200 00
16,700 00
11,127 50
10,700 00
27,875 00
27,820 00
9,990 00

Amount Invested.

$50,000
48,000
75,500

11,000
9,000
4,000
50,000

21,000
15,000

10,000
10,000
25,000
26,000
9,000

10,000

11,100 00

10,000

8,500

8,946 25
10,800 00
10,550 00

10,000
10,000

00

$402,000

10,000
10,000
$402,000

$444,340

8,500

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

* A legal investment when made.

No. of
Shares.

Detailed Statem ent o f B ank Stocks.

141
40
149
27
84
70

100
100
50

120
300
225

100
100
100
176

6
60

Par Value.

Andover Nat’l Bank, Andover,
Atlas National Bank, Boston, .
Blackstone N ’l Bank, B oston,.
Boylston Nat’l Bank, Boston, .
Everett National Bank, Boston,
Freeman’s Nat’l Bank, Boston,
Market National Bank, Boston,
Massachusetts N ’l B’k, Boston,
Merchants’ N ’l Bank, B oston,.
Metropolitan N ’l Bank, Boston,
Nat’l Bank of the Commonwealth, Boston,
N ’l B’k of the Republic, Boston,
National City Bank, Boston, .
National Eagle Bank, Boston,.
N ’l Hide & Leather B’k, Boston,
National Revere Bank, Boston,
Nat’l Security Bank, Boston, .
National Union Bank, Boston,


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

$14,100
4,000
14,900
2,700
4,200
7,000

10,000
10,000
5,000

12,000
30,000
22.500
_

10,000
10,000
17,600
600

6,000

Estimated
Market Value.
$15,510
4,360
11,622
3.267
3,360
7,000
7,700
7,500
7,750
10,920

00
00
00
00
00
00
00
00
00
00

43,500 00
32,231 25
500 00
8,800 00
10,675 00
16,192 00
1,380 00
7,995 00

Amount Invested.

$14,100
4,000
14,890
2,700
4,200
7,000

00
00
50
00
00
00
10,000 00
10,000 00
5,000 00
12,000 00

30,000 00
22,500 00
-

10,000
10,000

00
00
17,600 00
600 00
6,000 00

12

[Pub. D oc

R E P O R T O F TH E

Andover Savings Bank — Continued.

No. of
Shares.

D etailed Statem ent o f Bank Stocks — Concluded.

192
58
41
129

110
35
50
52
25
3
50

100
25

Par Value.

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

Estimated
Market Value.

3,500
5,000
5,200
2,500
225
5,000
7,500
2,500

$19,632 00
8,816 00
. 4,182 00
14,190 00
19,140 00
4,270 00
3,262 50
5,811 00
1,775 00
219 00
9,000 00
11,800 00
2,500 00

$265,025

$304,859 75

$19,200
5,800
4,100
12,900

11,000

Amount Invested.

$19,200
5,800
4,100
12,900

11,000
3,500
5,000
5,200
2,468
225
5,000
7,500
2,500

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

$264,983 50

D etailed Statem ent o f R ailroad Bonds.

Par Value.

Boston & Lowell R.R. 4 s ,.
Boston & Lowell R.R. 5 s ,.
Boston & Maine R.R. 4s, .
Boston & Maine R.R. 4£s,
Concord & Montreal R.R. 4s, .
Conn. & Passumpsic River R.R. 4 s , .
Danbury & Norwalk R.R. 5s, .
Fitchburg R R. 4s, .
Fitchburg R.R. 5s,
Maine Central R.R. 4£s, .
Maine Central R.R. 4s,
Maine Central, European & No.
American R.R. 4s, .
Manchester & Lawrence R.R. 4s,
Newport & Richford R R. 5s, .
New York, New Haven & Hertford
R.R. 4 s , ..................................................
Old Colony R.R. 4s, .
Providence & Worcester R.R. 4s,
St. Johnsbury & Lake Champlain
R.R. 5s, ..................................................
Worcester, Nashua & Roch. R.R. 4s,


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

Estimated
Market Value.

Amount Invested.

00
2,000 00
110,000 00
30,000 00

00
00
00
00
00
00
00
00
00
00
00

$50,000

5,000
25,000
13,000

5,475 00
27,500 00
14,300 00

5,000
25,000
13,000

00
00
00*

25,000
148,000
25,000

28,375 00
165,640 00
28,750 00

25,000
148,000
25,000

00
00
00

25,000
50,000

32,250 00
56,000 00

25,000
50,000

00
00

$843,000

$939,745 00

$50,000

2,000
110,000
30,000

100,000
20,000
25,000
105,000
50,000
25,000

10,000

$53,875
2,030
123,325
37,200
108,000
22,800
30,000
110,600
55,500
27,625
10,500

* A legal investment when made.

99,987 50

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

25,000
105,000
50,000
25,000

$842,987 50

No. 8 .]

13

SA Y IN G S B A N K CO M M ISSION ERS.

Andover Savings Bank — Concluded.
Total A m ou nt o f L oa n s, with E ach Specified Rate o f Interest.

Kate.

Amount.

Kate.

Amount.

6,001 00

2 per cent.
4
“

$565,539 40
135,311 77

5 per cent.
5J
»

$617,978 68
157 60

1,300 00

4è

Amount.
$53,703 15

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, 532
Aggregate amount of the s a m e , ........................................................................
Total number of loans upon real e s t a t e , ............................................. 611
Amount of investments from which no income is received, .
.
.
.
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1 8 9 8 , ...............................................................
Times for the dividends fixed by the by-laws: third Wednesday in June
and December.
Rate and amount of each semi-annual dividend f 2 per cent., $52,331 11 |
during the year ending Oct. 31, 1898,
.
. 1 2 per cent.,
52,819 73 I
Number of accounts opened during the year ending Oct. 31, 1898,
. 530
Number of accounts closed during the year ending Oct. 31, 1898,
. 521
Total number of open accounts Oct. 31, 1898,
.
.
.
.
6,017
Total expenses of the corporation for the year ending Oct. 31, 1898 (ex­
clusive of taxes),
..........................................................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 8 9 8 ,..........................................................................................
Number of s a m e , .................................................................................3,547
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1898............................................................................................................
Number of s a m e , ................................................................................. 3,461
Date of examination by commissioner : September 13.


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

$87,996 98
99,780 00
857,959 41
54,952 60
137,138 46

105,150 84

5,597 96
301,752 41

355,197 47

\

[Pub. D oc

R E P O R T O F TH E

14

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

Incorporated April 2, 1860.
W

il l ia m

Present number of corporators, 36.

G . P ecic , President.
J o se p h W . W h i t a k e r , Treasurer.
J o se p h W . W h i t a k e r , Clerk o f the Corporation.

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

il l ia m

G. P ec k ,
B. D e l m o n t L o c k e ,
E d w a r d S. F e s s e n d e n .

Open for business ever}" business day, 3 to 5.30 p .m . ; Wednesdays and Saturdays,
7 to 9 p . m .

B alance Sheet October 31, 1898.

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,
B,eal estate (for banking purp o s e s ) , ....................................
Real estate by foreclosure,
Loans on real estate, .
Loans to counties, cities or towns
(notes).........................................
Loans on depositors’ books,
Deposits in banks, on interest, .
Expense account,
Tax account,
.
.
.
.
Insurance account,
Cash on hand, .
.
.
.

$396,800 00
17,985 40
5,000 00
111,000 00
100 00

2,791 26
1,072,009 56
52,508
350
58,133
2,163
401
572
5,117

48
00
76
53
78
19
27

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

$1,724,933 23

$1,611,600 57
66,124 38
11,671 07
7,946 92
9,594 60
519 89
16,919 31
25 00
531 49

$1,724,933 23

Cash on Deposit in Banks, amount in each: —
First National Bank, A r lin g t o n ,........................................................................ $14,108 19*
Atlantic National Bank, B o s t o n ,........................................................................
30,395 19
Faneuil Hall National Bank, B o s t o n ,...............................................................
13,630 38
Loan on Bank Stock: —
50 shares First Ward National Bank, East Boston........................................... $5,000 00


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

* This amount has since been reduced within the legal limit.

No. 8 .]

SA V IN G S B A N K COM M ISSION ERS.

15

Arlington Five Cents Savings Bank — Continued.
D etailed Statem ent o f P ublic F unds.

Par Value.

City of Bangor, Me., 6s, .
of Belfast, M e., 4s, .
of Brockton, Mass., 4s,
of Chelsea, Mass., 4s,
of Cleveland, Ohio, 5s,
of Dayton, Ohio, 5s, .
of Dayton, Ohio, 6s, .
of Fall River, Mass , 6s, .
of Foxborough, Mass., 4s,
of Grand Rapids, Mich., 5s,
of Holyoke, Mass., 6s,
of Kansas City, Mo., 4¿s, .
of Lewiston, Me., 5s,
of Medford, Mass., 4s,
of Middletown, Conn., 4s,
of New London, Conn., 4s,
of Peoria, 111., 7s,
of Portland, Me , 6 s ,.
of Rochester, N. H., 4s, .
of Springfield, Ohio, 4¡js, .
of Wallingford, Conn., 4s,
of Waterbury, Conn., 4s, .
of Woonsocket, R. I., 4s, .
of Youngstown, Ohio, 5 s ,.
Town of Arlington, Mass., 4s, .
of Attleborough, Mass., 4s,
of Chatham, Mass., 4 ¿ s ,.
of Cranston, R. 1 , 4s,
of Hull, Mass., 5s, .
of Leicester, Mass., 4s, .
of Melrose, Mass., 4s,
of Methuen, Mass., 4s, .
of Rockport, Mass., 4s, .
of W ellesley, Mass., 4 s ,.
of Winchester, Mass., 4s,
District of Columbia 6s, .
County of Washington, Me., 4s,


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

Estimated
Market Value.
$2,020
15,975
13,020
1,105
9,600
12,315
5,375
2,040
5,025
21,655
5,125
11,250
1,235
10,850
10,825
17,840
13,162
24,000
6,615
13,132
13,080
5,475
27,375
17,298
34,490
10,900
8,600
2,180
20,970
13,445
10,900
16,476
14,142
10,295
4,360
3,315
15,675

$2,000
15,000

12,000
1,000
9,000

12,000
5,000

2,000
5,000

20,000
5,000

10,000
1,000
10,000
10,000
16,000
13,000

20,000
6,000
12,000
12,000
5,000
25,000
16,000
31,800
.

10,000
8,000
2,000
18,000
13,000

10,000
15,000
13,000

10,000
4,000
3,000
15,000
$396,800

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

00
00
50

00
00
00
75

00
00
00
00
00
00
00
25
50

00
00
00
00

$431,142 50

Legal investments when made.

Amount Invested.

$2,000 00
15,000 00
12,000 00
1,000 00
9,000 00
12,000 00*
5,000 00*
2,000 00
5,000 00
20,000 00
5,000 00
10,000 00
1,000 00
10,000 00
10,000 00
16,000 00
13,000 00
20,000 00
6,000 00
12,000 00
12,000 00
5,000 00
25,000 00*
16,000 00
31,800 00
10,000 00
8,000 00
2,000 00
18,000 00
13,000 00
10,000 00
15,000 00
13,000 00
10,000 00
4,000 00
3,000 00
15,000 00*
$396,800 00

[Pub. D oc

R E P O R T O F TH E

16

Arlington Five Cents Savings Bank — Continued.

No. of
Shares.

D etailed Statem ent o f B a n k Stocks.

10
50
50

22
25

10
33

12
12

Par Value.

First Nat’l Bank, Arlington, .
Atlantic Nat’l Bank, Boston, .
Faneuil Hall N ’l Bank, Boston,
First Ward N ’l Bank, Boston,.
N ’l B’k of No. America, Boston,
N ’l B ’k of Redemption, Boston,
N ’l B’k of the Republic, Boston,
National Union Bank, Boston,
Dedham Nat’l Bank, Dedham,

Estimated
Market Value.
$1,220
5,600
6,287
2,860
2,556
1,132
4,727
1,599
1,260

$1,000
5,000
5,000

2,200
2,500

1,000
3,300

1,200
1,200
$22,400

Amount Invested.

00
00
50
00
25
50
25
00
00

$27,242 50

$802
4,014
4,014
1,766
2,007
802
2,649
963
963

92
60
60
42
30
92
64
50
50

$17,985 40

D etailed Statem ent o f R ailroad Bonds.

Par Value.

Boston, Clinton, Fitchburg & New
Bedford R.R. 5s, .
Concord & Montreal R.R. 4s, .
Newport & Richford R.R. 5s, .
Old Colony R R. 4s, .
Portland & Ogdensburg R.R. 6s,
Portsmouth, Great Falls & Conway
R.R. 4 ^ s , ........................................
St. Johnsbury & Lake Champlain
R.R. 5 s , ..................................................
Vermont & Massachusetts R.R. 5s, .

Estimated
Market Value.

Amount Invested.

30,000
4,000

$2,300 00
21,600 00
22,000 00
33,600 00
4,160 00

$2,000 00
00
00*
30,000 00
4,000 00

15,000

18,300 00

15,000 00

10,000
10,000

12,900 00
10,600 00

10,000
10,000

$111,000

$125,460 00

$2,000

20,000
20,000

20,000
20,000

00
00

$111,000 00

* A legal investment when made.

Total A m ou nt o f L oa n s, w ith E ach Specified R ate o f In terest.

Kate.

Amount.

Kate.

Amount.

2 per cent.
4
“
4è
“

$486,729 76
111,554 00
227,869 10

5 per cent.

$237,906 70
1,400 00
6,900 00

Amount.
$58,133 76
41,508 48
11,000 00

5,000 00


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

4§

“

54
5i

“
“

Rate.
6 per cent.
6è

7

“

No. 8 .]

S A Y IN G S B A N K CO M M ISSION ERS.

17

Arlington Five Cents Savings Bank — Concluded.
Amount invested in real estate for banking purposes,.................................... $100 00
Estimated value of the s a m e , ........................................................................
25,000
Assessed value of the s a m e ,.................................................................................
23,381
Net income received from same during year ending Oct. 31, 1898,
.
.
948
Value, by books, of other real estate, held or owned by foreclosure or
otherwise, .
. ' ..........................................................................................2,791 26
Assessed value of the s a m e ,.................................................................................
2,886
Net income received from same during year ending Oct. 31, 1898,
.
53
Number of loans which are of an amount not exceeding $3,000 each, 321
Aggregate amount of the s a m e , ........................................................................
359,179
Total number of loans upon real e s t a t e , .............................................420
Amount of investments from which no income is received, .
.
.
.
5,000
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1 8 9 8 , ...............................................................
83,518
Times for the dividends fixed by the by-laws : first Saturday in January
and July.
Rate and amount of each semi-annual dividend r 2 per cent.,
$28,658 89 i
during the year ending Oct. 31, 1898,
.
. { 2 per cent., 29,477 23 $
’
Number of accounts opened during the year ending Oct. 31, 1898,
. 471
Number of accounts closed during the year ending Oct. 31, 1898,
. 290
Total number of open accounts Oct. 31, 1898,
.
.
.
.
4,622
Total expenses of the corporation for the year ending Oct. 31, 1898 (ex­
clusive of taxes),
..........................................................................................
5,709
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 8 9 8 ,..........................................................................................
272,248
Number of same, .
............................................................... 3,962
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1898...........................................................................................................
213,092
Number of s a m e , .................................................................................2,875
Date of examination by commissioner: March 11.


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

00
00
51

87
20
34
00
39

54
94

79

18

R E P O R T O F TH E

[Pub. D oc

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

Incorporated Feb. 12, 1867.

Present number of corporators, 37.

A l p h e u s H a r d i n g , President.
W i l l i a m D. L u e y , Treasurer.
W i l l i a m D. L u e y , Clerk o f the Corporation.

Names of committee charged with the investment of its funds :
A lph eu s H a r d in g ,
L e v i B. F a y ,
H e n r y R. S t o w e l l ,
S o lon W . L e e ,
L u c ie n L o r d .

Open for business every business day, 9

a .m .

to 3 f . m .

B alance Sheet October 31, 1898.

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,
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 .

$187,000
10,400
11,575
125.000
50,000
1,212,130
487.000

00
00
00
00
00
43
00

48,200
82,144
2,045
618

00
17
12
52

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

$2,018,477 78
97,500 00
37,781 11
62,354 35

$2,216,113 24

$2,216,113 24

Cash on Deposit in Banks, amount in each: —
Miller’s River National Bank, Athol,
Eliot National Bank, Boston,

.

•

.

$50,877 42

Loans on Bank Stock, amount on each: —
shares Athol National Bank, Athol, M a s s . , ......................................... $375 00
3 shares Miller’s River National Bank, Athol, Mass., .
.
.
.
300
7 shares Miller’s River National Bank, Athol, Mass., .
.
.
.
500
5 shares Metropolitan National Bank, Boston, Mass., .
.
.
.
400
100 shares Springfield Safe Depositand Trust Company, Springfield, Mass.,
10,000
8


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

00
00
00
00

No. 8 .]

SA Y IN G S B A N K COM M ISSION ERS.

19

Athol Savings Bank — Continued.
D etailed Statem ent o f P u blic F unds.

Par Value.

City of Boston, Mass., 4 s ,.
of Chicopee, Mass., 4s,
of Cleveland, Ohio, 5s,
of Holyoke, Mass., 4s,
of Kansas City, Mo., 4£s, .
of Milwaukee, W is., 5s, .
of Newton, Mass., 5s,
of Newton, Mass , 4s,
of Taunton, Mass., 4s,
of Youngstown, Ohio, 5s,
United States 4s,
.
.
.

Estimated
Market Value.

Amount Invested.

50,000

50
00
50
00
00
00
00
11,200 00
2,175 00
20,700 00
64,000 00

$5,000 00
8,000 00
20,000 00
25,000 00
25,000 00
12,000 00
10,000 00
10,000 00
2,000 00
20,000 00
50,000 00

$187,000

$210,365 00

$187,000 00

$5,000

8,000
20,000
25,000
25,000

12,000
10,000
10,000
2,000
20,000

$5,462
8,080
21,257
26,000
28,250
12,090
11,150

D etailed Statem ent o f B an k Stocks.
o o

Par Value.

* 1
27
7

10
50

10

Miller’s River N ’l B ’k, A th o l,.
Blackstone N ’l Bank, Boston, .
Eliot National Bank, Boston, .
National Eagle Bank, Boston,
Shawmut N ’l Bank, Boston, .

Estimated
Market Value.

5,000

$4,725
546
1,300
4,400

1,000

1,220

$2,700
700

1,000

$10,400

Amount Invested.

00
00
00
00
00

$2,700 00
700 00
1,000 00
5,000 00
1,000 00

$12,191 00

$10,400 00

D etailed Statem ent o f R ailroad Bonds.

Par Value.

Boston & Maine R.R, 4s, .
Boston & Providence R.R. 4s, .
Fitchburg R.R. 4s, .
Fitchburg R.R. 4ès, .
.
.
.
Vermont & Massachusetts R.R. 5s, .


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

Estimated
Market Value.

Amount Invested.

20.000
20,000

$28,312 50
27,250 00
37,625 00
22,200 00
21,200 00

$25,000 00
25.000 00
35.000 00
20.000 00
20,000 00

$125,000

$136,587 50

$125,000 00

$25,000
25.000
35.000

20

R E P O R T O F TH E

[Pub. D oc

Athol Savings Bank — Concluded.
Total A m ou n t o f L oan s, with E ach Specified R ate o f Interest.

Rate.

Amount.

$82,144 17
25,000 00
297,500 00

2

per cent.

3|

“

4

“

Rate.

Amount.

$30,000 00
61,000 00
1,130,010 49

4-] per cent.
“
5
“

4£

Rate.

Amount.

$25,000 00
20,100 00
170,294 94

5| per cent.

5£
6

“

Number of loans which are of an amount not exceeding $3,000 each, 340
Aggregate amount of the s a m e , ........................................................................ $385,510
Total number of loans upon real estate.......................................................450
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1 8 9 8 , ...............................................................
102,171
Times for the dividends fixed by the by-laws: January 1 and July 1.
Rate and amount of each semi-annual dividend j 2 per cent., $37,932 61 1
76,814
during the year ending Oct. 31, 1898,
.
. 1 2 per cent., 38,881 42 i
Number of accounts opened during the year ending Oct. 31, 1898,
. 877
Number of accounts closed duringthe year ending Oct. 31, 1898,
. 608
Total number of open accounts Oct. 31, 1898,
.
.
.
.
5,778
Total expenses of the corporation for the year ending Oct. 31, 1898 (ex­
clusive of taxes)....................................................................................................
6,588
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 8 9 8 ,..........................................................................................
300,887
Number of s a m e , .......................................................................... 3,286
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 8 9 8 , ...................................................................................................
309,826
Number of s a m e ,..........................................................................3,510
Date of examination by commissioner: March 29.


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

42

87
03

03
76

08

No. 8 .]

21

S A Y IN G S B A N K CO M M ISSIO N ERS.

A T T LE B O R O U G H S A V IN G S B A N K — N O R TH A T T L E ­
BOROUGH.

Incorporated Feb. 2, 1860.

Present number of corporators, 58.

A b i e l C o d d in g , President.
E d w a r d R . P r i c e , Treasurer.
E d w a r d R . P r i c e , Clerk o f the Corporation.

Names of committee charged with the investment of its funds :
G eorge A . D e a n ,
E v e r e t t S. C a p r o n ,

E lson I . F r a n k l i n ,
G. W . C h ee ver,

Jam es H . S t u r d y ,

F . E . St u r d y ,
E . L. H ix o n .

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

a .m .

to 3

p .m .

;

B alance Sheet October 31, 1898.

L ia b il it ie s .

A ssets.

Public funds, as per schedule, .
Bank stock, as per schedule,
Railroad bonds, as per schedule,
Loans on railroad stock, .
Boston Terminal Co. bonds,
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Deposits in banks, on interest, .
Deposits in banks, not on interest,
Expense account,
Cash on hand, .
.
.
.

$29,500 00
11,100 00

100,500
25,000
25,000
62,542
791,245
345,988
66,391
5,964
96
2,092

00
00
00
50
08
11
78
23
32
03

$1,465,420 05

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

$1,356,272 26
68,000 00
5,702 88

35,444 91

$1,465,420 05

Cash on Deposit in Banks, amount in each: —
Boston National Bank, Boston.............................................................................. $31,391 78
North Attleborough National Bank, North Attleborough, .
.
.
.
5,964 23
First National Bank, Pawtucket, R. I . , ......................................................
35,000 00
Loan on Railroad Stock: —
200 shares Boston & Maine R . R . , ........................................................................ $25,000 00


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

22

R E P O R T O F TH E

[Pub. D oc

Attleborough Savings Bank — Continued.
D etailed Statem ent o f P ublic F u n d s.

City of Brockton, Mass., 4s,
of Sioux City, Iowa, 4^s, .

Par Value.

Estimated
Market Value.

$4,500
25,000

$4,645 00
26,250 00

$4,500 00
25,000 00

$29,500

$30,895 00

$29,500 00

Amount Invested.

No. of
Shares.

D etailed Statem ent o f B a n k Stocks.

■61
<50

Par Value.

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

Estimated
Market Value.

Amount Invested.

$6,100
5,000

$8,845 00
4,962 50

$6,100 00
5,000 00

$11,100

$13,807 50

$11,100 00

D etailed Statem ent o f R ailroad Bonds.
Estimated
Market Value.

Amount Invested.

$25,000
75,000

$25,500 00
78,550 00

$23,750 00
76,750 00

$100,000

$104,050 00

$100,500 00

Par Value.

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

.
.

.

.

.

Total A m ount o f L oa n s, with E a ch Specified R ate o f In terest.

Amount.

$31,391
35.000
50.000
25.000

Kate.

78
00
00
00

2

3
3|
3£


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

per cent.
“
“
«

Amount.

$50,000 00
20,000 00

73,000 00
289,800 00

Rate.

4 per cent.
4ti
“
4è
“
5
«

Amount.

$25,000 00
93,900 00
535,533 19

Kate.

H per cent.
H
6

“
“

No. 8 .]

SA Y IN G S B A N K COM M ISSION ERS.

23

Attleborough Savings Bank — 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 year ending Oct. 31, 1898,
Number of loans which are of an amount not exceeding $3,000 each, 312
Aggregate amount of the s a m e , ........................................................................

$62,542 50
54,700 00
2,766 00
284,552 41

Total number of loans upon real e s t a t e , .............................................347

Amount of investments from which no income is received, .
.
.
.
Gross amount of interest or profits received or earned, as per books,

628 30

during the year ending Oct. 31, 1 8 9 8 , ......................................................
Times for the dividends fixed by the by-laws : Tuesday after second Mon-

73,197 77

day in April and October.
Rate and amount of each semi-annual dividend f 2 per cent., $25,191 69 )
during the year ending Oct. 31, 1898,
.
. I 2 per cent.,
25,405 68 J
Number of accounts opened during the year ending Oct. 31, 1898,
. 641
Number of accounts closed during the year ending Oct. 31, 1898,
. 445
Total number of open accounts Oct. 31, 1898,
.
.
.
.
4,177
Total expenses of the corporation for the year ending Oct. 31, 1898 (ex­
clusive of taxes),
............................................................... *
Amount of deposits, not including dividends, received during the year
ending Oct. 3 1 ,1 8 9 8 ,..........................................................................................
.
q 7 4 .9
Number of same...................................................................................... 0 >•
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1898...............................................................
Number of s a m e , ......................................................
Date of examination by commissioner : February 7.


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

50,597 37

3,806 22
258,167 20

257,753 86

R E P O R T O F TH E

24

[Pub. D oc.

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

Incorporated May 1, 1869.

Present number of corporators, 38.

C h a r l e s H . F o l l a n s b y , President.
F r a n k A . R i c h , 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 :
E st es H a w e s ,
John C. B arth olo m ew ,
Ch arles H . F ollansby,
O r a m e l Cl a r k ,
G e o r g e R . S im o n d s .

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 .

Balance Sheet October 31, 1898.

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,
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,
Suspense account,
Safe and furniture,

$25,000
77,418
125
45.000
25.000

00
00
00
00
00

10,477
13,637
477,404
39,933

41
33
79
33

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

8699,771 75
22,000 00
5,918 66

12,502 59

1,000 00

19.000
3,093
750
14
2,338

00
33
04
82
95

8740,193 00

8740,193 00

Cash on Deposit in Bank : —
First National Bank, B a r r e ,.................................................................................822,093 33
Loan on Bank Stock : —
5 shares First National Bank, B a r r e ,...............................................................


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

8125 00

No. 8 .]

25

S A Y IN G S B A N K CO M M ISSION ERS.

Barre Savings Bank — Continued.
D etailed Statem ent o f P u blic F unds.
Estimated
Market Value.

Amount Invested.

5,000

$11,250 00
11,700 00
5,250 00

$10,000 00
10,000 00
5,000 00*

$25,000

$28,200 00

$25,000 00

Par Value.

City of Kansas City, Mo., 4£s, .
of Springfield, Ohio, 5s, .
County of Washington, Me., 4s,

*

$10,000

10,000

A legal investment when made.

No. of
Shares.

D etailed Statem ent o f B a n k Stocks.

36
28
62

20
17
25
41
32
46
25

6
34

20
20
30
50
7
52

21
50

20

Par Value.

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

$3,600
2,800

6,200
2,000
1,700
2,500
4,100
3,200
4,600
2,500
600
3,400

2,000
2,000
3,000
5,000
700
5,200

2,100
5,000

2,000
$64,200

Estimated
Market Value.

$3,600
2,184
6,153
2,420
2,040
3,250
7,995
3,376
5,209
2,668
552
5,916
2,040

2,120
2,130
5,000
735
6,760
2,835
7,000
3,600

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

$77,584 75

Amount Invested,

00
00
6,100 00
2,260 00
1,737 00
2,950 00
8,118 00
3,496 00
5,375 00
2,725 00
560 00
5,100 00
1,865 00
2,275 00
2,750 00
5,777 00
735 00
7,280 00
2,625 00
6,300 00
3,300 00

$3,600
2,490

$77,418 00

D etailed Statem ent o f R ailroad Bonds.

Par Value.

Boston, Winthrop & Shore R.R. 5 s ,.
Eastern R.R. 6s,
.
.
.
.
Fitchburg R.R. 4s, .


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

$5,000
5,000

10,000

Estimated
Market Value.

$5,400 00
5,937 50
10,700 00

Amount Invested.

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

26

R E P O E T O F TH E

[Pub. D oc

Barre Savings Bank — Concluded.
D etailed Statem ent o f R ailroad Bonds — Concluded.
Estimated
Market Value.

Amount Invested.

$10,000

$10,500 00

$10,000 00

15,000

19,350 00

15,000 00

$45,000

$51,887 50

$45,000 00

Par Value.

Rumford Falls & Rangeley Lakes
R.R 5s.....................................................
St. Johnsbury & Lake Champlain
R.R. 5 s , ..................................................

Total A m ou nt o f L oa n s, with E ach Specified Rate o f Interest.

Amount.

$19,000 00
17,500 00
6,000 00

Rate.

2

4
4è

per cent.
“
“

Amount.

$6,500 00
44,500 00

Rate.

Amount.

Rate.

5 per cent.
5^
“

$227,950 00
216,013 12

5£ per cent.
6

Amount invested in real estate for banking purposes,.................................... $10,477 41
Estimated value of the s a m e , ........................................................................
10,477
Assessed value of the s a m e ,.................................................................................
7,000
Net income received from same during year ending Oct. 31, 1898,
.
.
421
Value, by books, of other real estate, held or owned by foreclosure or
otherwise.................................................................................................................
13,637
Assessed value of the s a m e ,................................................................................. 13,210 00
Number of loans which are of an amount not exceeding $3,000 each,. 218
Aggregate amount of the s a m e , ........................................................................
259,901
Total number of loans upon real e s t a t e , ............................................. 243
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1 8 9 8 , ...............................................................
36,082
Times for the dividends fixed by the by-laws: January 15 and July 15.
Rate and amount of each semi-annual dividend f 2 per cent., $13,521 43 )
27 175
during the year ending Oct. 31, 1898,
.
.1 2 per cent.,
13,655 16 J
’
Number of accounts opened during the year endingOct. 31, 1898,
. 172
Number of accounts closed during theyear endingOct. 31,1898,
. 126
Total number of open accounts Oct. 31, 1898,
.
.
.
.
1,750
Total expenses of the corporation for the year ending Oct. 31, 1898 (ex­
clusive of taxes),
.......................................................................................... 2,214 24
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1898, ..........................................................................................
72,825
Number of s a m e , ...................................................................................... 928
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 8 9 8 , ...................................................................................................
90,863
Number of s a m e ,...................................................................................... 980
Date of examination by commissioner: October 11.


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

41
00
82
33

00

67
59

64

46

No. 8 .]

SA V IN G S

BAN K CO M M ISSION ERS.

27

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

Incorporated April 15, 1874.

Present number of corporators, 25.

H i r a m L o r in g , President.
Ste p h e n W
W il l i a m R. F a r r i s , Clerk o f the Corporation.

in g ,

Treasurer.

Names of committee charged with the investment of its funds:
P e le g P . A k in ,
E l k a n a h Cr o w e l l ,
C h a r l e s F . P u r r in g t o n ,

H ir a m L o r in g ,
H ir a m D. L o r in g ,
E d w in B a x t e r .

Open for business every business day, 9

a .m .

to 12 m . ; 2 to 4

p .m .

B alance Sheet October 31, 1898.

A ssets.

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

L ia b il it ie s .

$10,189 10
69,703 69
100 00

91,818
20,529
259,450
37,463

75
19
26
00

20,850
7,988
2,146
4,155

00
65
24
32

$524,394 20

Deposits, .
Guaranty fund,
Profit and loss ac­
count, .
Bank liquidation ac­
count, .

$489,611 83
23,298 61
10,902 39
581 37

$524,394 20

Cash on Deposit in Banks, amount in each: —
Lincoln National Bank, Boston, .
Manufacturers’ National Bank, Boston,
First National Bank, Hyannis,
First National Bank, Yarmouthport, .

$2,273
3,805
1,909
2,146

Loan on Bank Stock: —
2

shares Cape Cod National Bank, H a r w i c h , ..........................................$100 00


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

03
80
82
24

28

R E P O R T O F TH E

[Pub. D oc.

Bass River Savings B a n k - - Continued.
D etailed Statem ent o f P u blic F unds.
Estimated
Market Value.

Town of Spencer, Mass., 4s,

flO ,000

$10,800 00

$10,189 10

Detailed Statement o f Bank Stocks.
Oo

Estimated
Market Value.

^Û
30
5
30
63
55
50
13
56
50
50
21
50
7
25
25
15
6
37

10
24
9

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

$3,000
500
3,000
3,150
5,500
5,000
1,300
5,600
5,000
5,000

2,100
5,000
700
2,500
2,500
1,500
600
3,700

1,000
2,400
900
$59,950

$3,270
390
2,970
2,520
6,875
5,000

1,001
8,680
5,650
7,150
1,848
6,500
770
4,350
3,050
1,665
636
2,627
850
3,000
1,062

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

$69,864 00

Amount Invested.

$3,660
500
3,270
3,465
6,765
5,241
1,300
7,280
6,500
5,749
2,205
5,927
756
3,258
2,750
1,770
597
4,180

00
00
00
00
00
80
00
00
00
88
00
00
00
00
00
00
34
00
1,000 00
2,400 00
1,128 67

$69,703 69

D etailed Statem ent o f R ailroad Bonds.
Estimated
Market Value.

Bennington & Rutland R.R. 4ès,
Boston & Albany R.R. 4s,
Boston & Maine R.R. 4s, .
Boston & Maine R.R. 4^s,


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

$11,000
5,000

1,000
5,000

$12,430 00
5,400 00
1,125 00
6,200 00

$11,250
5,318
1,048
5,837

00
75
75
50

No. 8 .]

29

S A Y IN G S B A N K CO M M ISSION ERS.

Bass River Savings Bank — Concluded.
Detailed Statement o f Railroad Bonds — Concluded.

Fitchburg R.R. 4s....................................
Maine Central R.R. 4s,
Maine Central, European & North
American R.R. 4s, .
Old Colony R.R. 4s, .
Upper Coos R.R. 4£s,
Vermont & Massachusetts R.R. 5s, .

Par Value.

Estimated
Market Value.

Amount Invested.

$20,000
5,000

$20,400 00
5,300 00

$20,593 75
5,100 00

4,000
26,000
5,000
5,000
$87,000

4,380
28,830
5,400
5,300

00
00
00
00

$94,765 00

4,115
27,542
5,462
5,550

00
50
50
00

$91,818 75

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

Amount.

$7,988 65
9,000 00
6,300 00

Kate.

2

4
4h

per cent.
“
“

Amount.

$73,009 00
33,287 04

Kate.

Amount.

5 per cent.
5h
“

$193,337 22
2,930 00

Kate.

6

per cent.

7

Value, by books, of real estate, held or owned by foreclosure or otherwise,
$20,529 19
Assessed value of the s a m e ,.................................................................................
13,950 00
Net income received from same during year ending Oct. 31, 1898,
279 20
Number of loans which are of an amount not exceeding $3,000 each, 332
Aggregate amount of the same..............................................................................
204,576 22
Total number of loans upon real e s t a t e , ............................................. 281
Amount of investments from which no income is received,
18,000 00
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1 8 9 8 , .................................... .........
25,862 23
Times for the dividends fixed by the by-laws; April 1 and October 1.
Rate and amount of each semi-annual dividend f l j per cent., $7,343 74 ]
14,481 84
during the year ending Oct. 31,1898,
.
. 1 1£ per cent.,
7,138 10 i
Number of accounts opened during the year ending Oct. 31, 1898,
. 124
Number of accounts closed during the year ending Oct. 31, 1898,
. 141
Total number of open accounts Oct. 31, 1898,
.
.
.
.
1,836
Total expenses of the corporation for the year ending Oct. 31, 1898 (ex­
clusive of taxes).....................................................................................................
3,026 77
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 8 9 8 ,..........................................................................................
53,877 40
Number of s a m e , ........................................................................................ 799
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 8 9 8 , ...................................................................................................
90,267 46
Number of s a m e , .................................................................................1,196
Date of examination by commissioner: May 6 .


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

[Pub. Doc,

R E P O R T O F TH E

30

B A Y STATE S A V IN G S B A N K — W O R C E ST E R .
Incorporated March 9, 1895.
R

ic h a r d

Present number of corporators, 105.

H e a l y , 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 :
W il l i a m H a r t ,
T homas K en n ey,
Ja m e s A . M cD e r m o t t ,
R ic h a r d H e a l y ,
T homas B a r r e t t .

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

9a

.m .

to 1 p . m

. ;

6 to 8 P . M .

B alance Sheet October 31, 1898.

L ia b il it ie s .

A ssets.

Public funds, as per schedule, .
Bank stock, as per schedule,
Loans on real estate,*
Loans on personal security,
Deposits in bank, on interest, .
Cash on hand, .
.
.
.

$25,239
17,619
159,710
4,875
9,754
1,119

25
13
00
00
78
30

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

$214,757 70
874 54
1,176 74
1,324 85
183 63
$218,317 46

$218,317 46

* In excess of the legal limit.
Cash on Deposit in Bank : —
First National Bank, Worcester.......................................................................................

78

Detailed Statement o f Public Funds.

Par Value.

City of Everett, Mass., 4s,
of Fitchburg, Mass., 4s, .
of Somerville, Mass., 4s, .
Town of Watertown, Mass., 4s,
United States 3s,
.
.
.


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

$5,000
4.000
5.000
5.000
5.000
$24,000

Estimated
Market Value.

$5,410
4,370
5,259
5,200
5,262

00
00
25
00
50

$25,501 75

Amount Invested.

$5,410
4,370
5,259
5,200
5,000

00
00
25
00
00

$25,239 25

No. 8 .]

31

SA V IN G S B A N K COM M ISSION ERS

Bay State Savings Bank — Concluded.

No. of
Shares.

D etailed Statem ent o f B an k Stocks.

15
5

10
5
9
7

2
5

10
10
10
10
8
8
5

11
10
1
3

Par Value.

Atlas National Bank, Boston, .
Boylston Nat’l Bank, Boston, .
Central National Bank, Boston,
Continental N ’l Bank, Boston,
Eliot National Bank, Boston, .
Faneuil Hall N ’l Bank, Boston,
Hamilton Nat’l Bank, Boston,.
Howard Nat’l Bank, Boston, .
Merchants’ N ’l Bank, Boston, .
N ’l Bank of Commerce, Boston,
National Bank of the Commonwealth, Boston,
N ’l B’k of Redemption, Boston,
N ’l B’k of the Republic, Boston,
N ’l Hide & Leather B’k, Boston,
New England N ’l B’k, Boston,
North National Bank, Boston,
Old Boston N ’l Bank, Boston,.
Suffolk National Bank, Boston,
Tremont Nat’l Bank, Boston, .

Estimated
Market Value.

Amount Invested.

00
00
00
00
00
25
00
25
00
00

$1,773
652
1,250
516
1,172
935
214
461
1,538
1,112

75
50
00
25
25
00
50
25
75
50

300

00
50
00
00
00
1,122 00
1,100 00
106 00
213 00

1,405
1,180
1,176
838
752
1,180
1,115
115
230

00
00
00
00
50
63
00
25
00

$14,400

$17,283 00

$1,500
500

1,000
500
900
700

200
500

1,000
1,000
1,000
1,000
800
800
500

1,100
1,000
100

$1,635
605
1,190
600
1,170
880
228
486
1,550
1,055
1,450
1,132
1,146
854
760

$17,619 13

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

Amount.

$9,754 78
152,210 00

Kate.

3 per cent.
5
“

Amount.

$3,700 00
8,175 00

Bate.

5^ per cent.
6
“

Amount.

$500 00

Kate.

7 per cent.

Number of loans which are of an amount not exceeding $3,000 each,
42
$72,635 00
Aggregate amount of the s a m e , ........................................................................
Total number of loans upon real e s t a t e , ............................................. 57
Gross amount of interest or profits received or earned, as per books,
7,379 63
during year ending Oct. 31, 1 8 9 8 , ...............................................................
Times for the dividends fixed by the by-laws : March 1 and September 1.
Rate and amount of each semi-annual dividend f 2 per cent.,
$2,781 86 |
6,282 01
during the year ending Oct. 31, 1898,.
.
I 2 per cent.,
3,500 15 >
Number of accounts opened during the year ending Oct. 31, 1898,
. 348
Number of accounts closed during the year ending Oct. 31, 1898,
. 87
Total number of open accounts Oct. 31, 1 8 9 8 , .................................... 792
Amount of deposits, not including dividends, received during the year
110,070 49
ending Oct. 31, 1 8 9 8 , ..........................................................................................
Number of s a m e ,.................................................................................L345
Amount of withdrawals, including dividends, during the year ending
43,463 08
Oct. 31, 1 8 9 8 , ...................................................................................................
Number of same.............................................................................................. 584
Date of examination by commissioner: September 15.


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

32

R E P O R T O F TH E

[Pub. D oc

B E LM O N T S A V IN G S B A N K — BE LM O N T.
Incorporated March 5, 1885.

Present number of corporators, 46.

J. V a r n u m 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 o m a s W . D a v i s , Clerk o f the Corporation.

Names of committee charged with the investment of its funds:
J. V a r n u m F l e t c h e r ,
F r e d e r ic D o d g e ,
John K

C h a r l e s W . W in n ,
J o se p h O . W e l l in g t o n ,
il b u r n .

Open for business Wednesdays, 4 to 6 and 7 to 8 p .m .
B a l a n c e S h e e t O c t o b e r 31, 1898.

A ssets.

L ia b il it ie s .

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

$21,782
7,199
52,000
115,205
10,550
10,378
5
637

50
50
00
00
00
18
00
63

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

$217,757 81

$212,015 17
3,100 00
2,272 88
369 76

$217,757 81

Cash on Deposit in Bank : —

Faneuil Hall National Bank, Boston............................................................$10,378 18
D etailed Statem ent o f Public F unds.

Par Value.

City of Brockton, Mass., 4s,
of Chicago, 111., 4s, .
Town of Belmont, Mass., 4s, .
of Melrose, Mass., 4s,
of Peabody, Mass., 4s, .
of Sharon, Mass., 4s,
of Winchester, Mass., 4s,


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

$2,000
5.000
3.000
3.000

2.000
5.000

1.000
$21,000

Estimated
Market Value.

$2,145
5,500
3,270
3,330
2,205
5,125
1,037

00
00
00
00
00
00
50

$22,612 50

Amount Invested.

$2,160
5.000
3,100
3,360

00'
00
00
00
2.000 00
5,162 50
1,000 00

$21,782 50

No. 8 .]

33

S A Y IN G S B A N K CO M M ISSION ERS.

Belmont Savings Bank — Continued.

No. of
Shares.

Detailed Statement o f Bank Stocks.

14
24

2
7
3

2
5

10

Par Value.

Blackstone Nat’l Bank, Boston,
Faneuil Hall N ’l Bank, Boston,
Freeman’s Nat’l Bank, Boston,
Nat’l Exchange Bank, Boston,
N ’l Hide & Leather B’k, Boston,
Nat’l Webster Bank, Boston, .
South End N ’l Bank, Boston, .
Third National Bank, B oston,.

Estimated
Market Value.

Amount Invested

$1,300
2,900
199
800
300

1,000

$1,092 00
3,018 00
200 00
913 50
320 25
204 50
326 25
892 50

$6,700

$6,967 00

$7,199 50

$1,400
2,400

200
700
300

200
500

00
00
50
00
00
200 00
500 00
1,000 00

Detailed Statement o f Railroad Bonds.

Par Value.

Boston & Lowell R.R. 4s,
Boston & Maine R.R. 4£s,
Concord & Montreal R.R. 4s, .
Fitchburg R.R. 4s, .
Fitchburg R.R. 5s,
Maine Central R R. 4£s, .
Maine Central, European & North
American R.R. 4 s ,.
New York, New Haven & Hartford
R.R. 4 s , ..................................................
Old Colony R.R. 4s, .
Upper Coos R.R. 4ès,

$4,000
3,000
9,000
5,000
5,000
5,000
3,000
5,000

10,000
2,000
$51,000

Estimated
Market Value.

$4,347
3,735
9,720
5,375
5,461
5,500

50
00
00
00
25
00

Amount Invested.

$4,000
3,000
9,000
5,000
5,000
5,000

00
00
00
00
00
00

3,255 00

3,200 00

5,625 00
00
2,180 00

5,500 00
10,300 00
2,000 00

$56,298 75

$52,000 00

11,100

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

Rate.

Amount.

$10,378 18
42,950 00

2
5

per cent.
“


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

Amount.

$28,800 00

Rate.

per cent.

Rate.

Amount.

$54,005 00

6

per cent.

34

R E P O R T O F TH E

[Pub. Doc

Belmont Savings Bank — Concluded.
Number of loans which are of an amount not exceeding $3,000 each,
83
Aggregate amount of the s a m e , ........................................................................
$21,030 00
Total number of loans upon real estate,
.
.
.
.
.
.
76
Gross amount of interest or profits received or earned, as per books, during
year ending Oct. 31, 1 8 9 8 ,.................................................................................
9,121 67
Times for the dividends fixed by the by-laws: third Wednesday in Jan­
uary and July.
Rate and amount of each semi-annual dividend f 2 per cent.,
$3,458 26 )
7,229 78
during the year ending Oct. 31, 1898,
.
. 1 2 per cent.,
3,771 52 )
Number of accounts opened during the year ending Oct.31, 1898, . 105
Number of accounts closed during the year ending Oct.31,1898,
.
41
Total number of open accounts Oct. 31, 1 8 9 8 , .................................... 806
Total expenses of the corporation for the year ending Oct. 31, 1898 (ex­
539 60
clusive of taxes),
..........................................................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 8 9 8 ,..........................................................................................
48,092 71
Number of s a m e ,........................................................................................ 709
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 8 9 8 , ...................................................................................................
25,536 99
Number of s a m e , ........................................................................................292
Date of examination by commissioner: January 4.


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

No. 8 .]

35

SA Y IN G S B A N K C O M M IS S IO N E D

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.

Present number of corporators, 36.

D a y is T h a y e r , Jr., President.
C h ar l e s W . S t e w a r t , Treasurer.
*
C h a r l e s W . S t e w a r t , Clerk o f the Corporation.

Names of committee charged with the investment of its funds :
D a v is T h a y e r , Jr.,
Jam es M. F r e e m a n ,
Joseph G. R a y ,
C h ar les J. M cK e n z ie ,
E l is h a P. C h a p m a n ,
E d w a r d H. S h e r m a n ,
C h ar les S t e w a r t .

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

B a l a n c e S h e e t O c t o b e r 31, 1898.

L ia b il it ie s .

A ssets.

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

$7,071
38,170
38,300
75,825

25
62
00
00

11,000 00

27,124 44
198,335 00
180,937 00

Deposits, .
Guaranty fund,
Interest account,
Profit and loss account, .
Real estate income
account,

$543,114 23
26,938 48
7,440 28
14,544 07
76 57

10,000 00
112 00

438
890
520
518
600
2,269

29
71
86

49
00

97

$592,113 63

$592,113 63

Cash on Deposit in Banks, amount in each : —
Mercantile Trust Company, Boston,
National Bank of Redemption, Boston,
Franklin National Bank, Franklin,


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

$164 05
274 24
890 71

[Pub. D oc

R E P O R T O F TH E

36

Benjamin Franklin Savings Bank — Continued.
Loans on Bank Stock, amount on each : —
200
200
40
34
100

shares
shares
shares
shares
shares

Hancock National Bank, B o s t o n , ............................................. $9,500 00*
Fourth National Bank, B o s t o n ,......................................................
19,000 00
Producers’ National Bank, Woonsocket, R. I., .
.
.
.
500 00
Exchange National Bank, Providence, R . I.,
.
.
.
1,300 00
Mercantile Trust Company, B o s t o n ,.............................................
8,000 00

* This loan is in excess of the legal limit.
Loan on Railroad Stock : —
98 shares Providence & Worcester R . R . , ...................................................... $11,000 00

D etailed Statem ent o f P u blic F u n d s.

City of Bath, Me., 6s,
of Youngstown, Ohio, 5 s ,.

*

Par Value.

Estimated
Market Value.

Amount Invested.

$2,000
5,000

$2,120 00
5,225 00

$1,815 00*
5,256 25

$7,000

$7,345 00

$7,071 25

A legal investment when made.

! No. of
Shares.

D etailed Statem ent o f B a n k Stocks.

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

Par Value.

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


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

$1,400
500
7,000
3,000
2,500
1,000
2,700
1,500
900
1,000
800
1,600
2,300
7,500
840
$34,540

Estimated
Market Value.
$1,358
600
9,100
3,420
2,431
770
2,848
1,533
960
920
816
1,136
2,593
8,250
900

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

$37,637 50

Amount Invested.

$1,442
553
9,345
3,322
2,412
850
3,051
1,708
978
920
712
1,135
2,530
8,250
960

00
75
00
50
50
00
00
12
75
00
00
00
00
00
00

$38,170 62

No. 8 .]

37

SA Y IN G S B A N K CO M M ISSION ERS.

Benjamin Franklin Savings Bank — Concluded.
D etailed Statem ent o f R ailroad Bonds.
Estimated
Market Value.

Amount Invested.

$10,000
10,000
10,000

$11,300 00
11,250 00
12,400 00

$11,200 00
10,450 00
10,900 00

10,000
10,000

11,500 00
10,700 00

10,875 00
10,000 00

10,000
10,000

11,700 00
10,800 00

11,700 00
10,700 00

$70,000

$79,650 00

$75,825 00

Par Value.

Bennington & Rutland R.R, 4ès,
Boston & Maine R.R. 4s, .
Boston & Maine R.R. 4£s,
Boston, Revere Beach & Lynn R.R.
4às,
.
.
.
.
Fitchburg R.R. 4s,
Rutnford Falls & Rangeley Lakes
R.R 5s, .
.
.
Upper Coos R.R. 4£s,

Total A m ou nt o f L oa n s, w ith E ach Specified R ate o f In terest.

8,000 00

2 per cent.
4
“
ii
“

Amount.

occ oo oo
oo oo oo

$438 29
36,400 00

Rate.

to toü

Amount.

Rate.
4^ per cent.
4|
“
5
“

Amount.
$5,100 00
184,504 00

Rate.
5£ percent.
6

“

Value, by books, of real estate, held or owned by foreclosure or otherwise,
$27,124 44
Assessed value of the same.....................................................................................
30,755 00
Net income received from same during year ending Oct. 31, 1898,
306 76
Number of loans which are of an amount not exceeding $3,000 each, 289
......................................................
Aggregate amount of the same,
.
180,084 00
Total number of loans upon real e s t a t e , ............................................. 213
Amount of investments from which no income is received, .
.
.
.
19,500 00
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1 8 9 8 , ...............................................................
26,981 67
Times for the dividends fixed by the by-laws: first Monday in January
and July.
Rate and amount of each semi-annual dividend f 2 per cent., $9,903 72 1
20,054 24
during the year ending Oct. 31, 1898,
.
. ( 2 per cent.,
10,150 52 1
Number of accounts opened during the year ending Oct. 31, 1898,
. 299
Number of accounts closed during the year ending Oct. 31, 1898,
. 237
Total number of open accounts Oct. 31, 1898,
.
.
.
.
2,164
Total expenses of the corporation for the year ending Oct. 31, 1898 (ex­
clusive of taxes),...................................................................................................
2,285 08
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1898..............................................................................................
103,607 14
Number of s a m e ,................................................................................. 1,708
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1898............................................................................................................
98,795 40
Number of s a m e , .................................................................................1,485
Date of examination by commissioner: February 11.


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Federal Reserve Bank of St. Louis

38

R E P O R T O F TH E

[Pub. D oc

B E R K SH 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.

Present number of corporators, 43.

Joseph T u c k e r , President.
R obert 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:
W il l ia m H. S lo a n ,
L e v i A . S teven s ,
C h ar le s W . K ell og g ,
R obert W . A d a m ,
A lexander K ennedy.

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 o b e r 31, 1898.

A ssets.

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

L ia b il it ie s .

$655,000 00
201,000 00

18,300 00
339,000 00
2,350 00
100,000 00

♦
173,500 00
1,800 00
2,199,090 00
150,600 00
93,500
235
32,988
18,262
3,190
744

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

$3,819,383 81
160,000 00
7,076 63
3,100 70

00
00
39
99
17
59

$3,989,561 14

$3,989,561 14

Cash on Deposit in Banks, amount in each: —
National Revere Bank, B o s t o n , ........................................................................ $3,188 18
Agricultural National Bank, P i t t s f i e l d , ......................................................
7,407
Pittsfield National Bank, P i t t s f i e l d ,...............................................................
5,322
Third National Bank, P ittsfie ld ,........................................................................
5,532
Berkshire Loan and Trust Company, P ittsfield,.............................................
19,800
Springfield National Bank, S p r i n g f i e l d ,......................................................
10,000


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

23
78
98
21
00

No. 8 .]

S A Y IN G S B A N K CO M M ISSIO N ERS.

39

Berkshire County Savings Bank — Continued.
Loans on Bank Stock, amount on each : —
40 shares Housatonic National Bank, Stockhridge,.................................... $2,300
9 shares Berkshire Loan and Trust Company, Pittsfield,
. . .
5 shares First National Bank* A d a m s , ......................................................
5 shares Housatonic National Bank, Stockh rid ge,.................................... 1
6 shares Pittsfield National Bank, P itts fie ld ,............................................. >
3 shares Lee National Bank, L e e , ...........................................................
9 shares Pittsfield National Bank, P itts fie ld ,.............................................
8
shares Pittsfield National Bank, P itts fie ld ,.........................................
10 shares Berkshire Loan and Trust Company, Pittsfield, .
.
.
.
20 shares Third National Bank, Pittsfield,......................................................
60 shares Third National Bank, Pittsfield,......................................................
20 shares Pittsfield National Bank, P ittsfie ld ,.............................................
2 shares Berkshire Loan and Trust Company, Pittsfield, .
.
.
.
8 shares Third National Bank, Pittsfield,......................................................
8 shares Berkshire National Bank, North A d a m s ,.................................... 1
10 shares Williamstown National Bank, Williamstovvn................................. J
10 shares Williamstown National Bank, Williamstown, .
.
.
.

00
600 00
400 00
j^00 00
300 00
500 00
800 00
1,00000
1,500 00
6,000 00
2,000 00
15000
400 00
^ q^q qq
200 00

Loans on Railroad Stock, amount on each: —
1 share Boston & Albany R . R . , ...............................................................
35 shares Boston & Albany R . R . , ...........................................................
10 shares Boston & Albany R . R . , ...............................................................

$100 00
1,500 00
750 00

D etailed Statem ent o f Public Fu nd s.

Par Value.

City of Boston, Mass., 4s,
of Columbus, Ohio, 4s,
of Dayton, Ohio, 4s, .
of Grand Rapids, Mich., 4£s, .
of Keene, N. H ., 4s, .
of Lowell, Mass., 4s,
of Lynn, Mass., 4s, .
of New Bedford, Mass., 4s,
of Newton, Mass., 4s,
of Pawtucket, R. L, 5s,
of Peoria, 111., 4s,
of Pittsfield, Mass., 4s,
of Springfield, Ohio, 6s, .
of Taunton, Mass., 4s,
Town of Braintree, Mass., 4s, .
of Marlborough, Mass., 4s, .
of Spencer, Mass., 4s,
of W est Hartford, Conn., 4 s ,.
State of Massachusetts 3£s,
of New Hampshire 6s, .


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

$42,000
50,000
75,000
25,000
5,000
50,000
25,000
25,000
30,000
20,000
45,000
45,000
10,000
27,000
25,000
75,000
35,000
18,000
25,000
3,000
$655,000

*

Estimated
Market Value.
$45,990
50,875
76,775
28,375
5,012
52,540
27,675
25,375
32,400
20,100
46,462
47,250
10,300
28,215
27,625
80,625
37,712
18,360
26,625
3,281

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

$691,572 00

Legal investments when made.

Amount Invested.

$42,000
50,000
75,000
25,000
5,000
50,000
25,000
25,000
30,000
20,000
45,000
45,000
10,000
27,000
* 25,000
75,000
35,000
18,000
25,000
3,000

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

$655,000 00

[Pub. Doc

R E P O R T O F TH E

40

Berkshire County Savings Bank — Continued.

No. of
Shares.

D etailed Statem ent o f B a n k Stocks.

45
109
27
100
59
32
125
60
100
100
80
25
80
53
105
35
70
20
70
24
35
31
50
50
100
65
35
50
130
20
25
50
40
10

Par Value.

Atlantic Nat’l Bank, Boston, .
Atlas National Bank, Boston, .
Blackstone Nat’l B’k, Boston, .
Boston Nat’l Bank, Boston,
First National Bank, Boston, .
Howard Nat’l Bank, Boston, .
Merchants’ Nat’l B’k, Boston, .
N ’l B’k of Commerce, Boston,
National Bank of the Com­
monwealth, Boston,
N ’l B’k of the Republic, Boston,
National Eagle Bank, Boston,.
N ’l Hide & Leather B’k, Boston,
National Revere Bank, Boston,
Nat’l Webster Bank, Boston, .
New England N ’l B’k, Boston,
North National Bank, Boston,.
Second Nat’l Bank, Boston,
Shawmut Nat’l Bank, Boston,.
First Nat’l Bank, Chicopee,
Hadley Falls National Bank,
Holyoke,
.
.
.
.
Lee National Bank, L e e ,.
Adams N ’l B’k, North Adams,
Agricultural N ’l B ’k, Pittsfield,
Berkshire Loan and Trust Co.,
Pittsfield,
.
.
.
.
Pittsfield Nat’l B’k, Pittsfield,.
Third National B’k, Pittsfield,.
Agawam N ’l B’k, Springfield,.
Chapin Nat’l B’k, Springfield,
Chicopee N ’l B’k, Springfield,
First Nat’l Bank, Springfield,.
John Hancock National Bank,
Springfield, .
.
.
.
Springfield N ’l B’k, Springfield,
Springfield Safe Deposit and
Trust Co., Springfield,
Housatonic National Bank,
St ockbri dge, .
.
.
.


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

Estimated
Market Value.

Amount Invested.

$4,500
10,900
2,700
10,000
5,900
3,200
12,500
6,000

$5,040
11,881
2,106
9,925
11,505
3,111
19,375
6,330

00
00
00
00
00
00
00
00

$4,500
10,900
2,700
10,000
5,900
3,200
12,500
6,000

00
00
00
00
00
00
00
00

10,000
10,000
8,000
2,500
8,000
5,300
10,500
3,500
7,000
2,000
7,000

14,500
14,325
7,040
2,668
7,360
5,419
15,960
3,570
12,180
2,440
9,800

00
00
00
75
00
25
00
00
00
00
00

10,000
10,000
8,000
2,500
8,000
5,300
10,500
3,500
7,000
2,000
7,000

00
00
00
00
00
00
00
00
00
00
00

2,400
3,500
3,100
5,000

3,600
5,250
3,968
15,000

00
00
00
00

2,400
3,500
3,100
5,000

00
00
00
00

5,000
10,000
6,500
3,500
5,000
13,000
2,000

6,500
15,000
13,000
1,925
6,250
20,150
2,224

00
00
00
00
00
00
00

5,000
10,000
6,500
3,500
5,000
13,000
2,000

00
00
00
00
00
00
00

2,500
5,000

2,750 00
7,250 00

2,500 00
5,000 00

4,000

5,600 00

4,000 00

1,000

1,400 00

1,000 00

$201,000

$274,403 00

$201,000 00

No. 8 ,]

SA Y IN G S B A N K COM M ISSION ERS

41

Berkshire County Savings Bank — Concluded.
D etailed Statem ent o f R ailroad Bonds.

Par Value.

Boston & Lowell R R. 4 s ,.
Boston & Maine R.R. 4£s,
Boston, Winthrop & Shore R.R. 5s,
Concord & Montreal R.R. 4s, .
Conn. & Passumpsic Rivers R.R. 4s,
Fitchburg R.R. 4s, .
Maine Central R R. 4s,
Penobscot Shore Line R.R. 4 s ,.
Vermont & Massachusetts R.R. 5s, .
Worcester, Nashua & Roch R.R. 4s,

$50,000
75.000
20.000
25.000
35.000
25.000
25.000
49.000
25.000
10.000
$339,000

Estimated
Market Value.
$56,250
93.375
21,700
27,000
39,200
26,750
26,250
51,205
26.375
10,500

00
00
00
00
00
00
00
00
00
00

$378,605 00

Amount Invested
$50,000
75.000
20.000
25.000
35.000
25.000
25.000
49.000
25.000
10.000

00
00
00
00
00
00
00
00
00
00

$339,000 00

Total A m ount o f L o a n s, w ith E ach Specified R ate o f In terest.

Amount.
$12,988 39
5,000 00

Rate.
2

3£

per cent.
“

Amount.

Rate.

Amount.

$108,500 00

4 per cent.
\\
«

$2,269,375 00

100,000 00

1,200 00

Rate.
5 per cent.
6
“

Amount invested in real estate for banking purposes,.................................... $173,500 00
173,500 00
Estimated value of the s a m e , ........................................................................
115,000 00
Assessed value of the s a m e ,.................................................................................
Value, by books, of other real estate, held or owned by foreclosure or
1,800 00
o th erw ise,............................................................................................................
700 00
Assessed value of the s a m e ,.................................... •
Net income received from same during year ending Oct. 31, 1898,
15 10
Number of loans which are of an amount not exceeding $3,000 each, 674
Aggregate amount of the s a m e , ........................................................................
835,395 00
Total number of loans upon real e s t a t e , ............................................. 816
3,500 00
Amount of investments from which no income is received, .
.
.
.
Gross amount of interests or profits received or earned, as per books,
171,825 89
during the year ending Oct. 31, 1 8 9 8 , ......................................................
Times for the dividends fixed by the by-laws : January 1 and July 1.
Rate and amount
of eachsemi-annualdividend^ 2 per cent., $69,103 24 )
140,956 99
during the year
endingOct. 31,1898,
.
.( 2 per cent.,
71,853 75 f
Number of accounts opened during the year ending Oct. 31, 1898,
1,705
Number of accounts closed during the year ending Oct. 31, 1898,
1,288
.
.
.
.
11,393
Total number of open accounts Oct. 31, 1898,
Total expenses of the corporation for the year ending Oct. 31, 1898 (ex­
clusive of taxes),
..........................................................................................
10,304 14
Amount of deposits, not including dividends, received during the year
688,722 98
ending Oct. 31, 1 8 9 8 ,..........................................................................................
Number of s a m e , ........................................................................................ 10,427
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 8 9 8 , ...................................................................................................
607,519 14
Number of s a m e , .......................................................................................... 8,786
Date of examination by commissioner, September 27.


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

42

R E P O R T O F TH E

[Pub. D oc

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.

Present number of corporators, 52.

R obert R. E n dicott , President.
C h ar le s H. K il h a m , Treasurer.
C h ar le 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 ndicott ,
S a m u e l J. F oster ,

G eorge B u tm a n ,
R oland W . B o y d e n .

Open for business every business day, 8.30

a .m .

to 1.30

p .m .

Balance Sheet October 31, 1898.

A ssets.

L ia b il it ie s .

Public funds, as per schedule, .
Bank stock, as per schedule,
Loans on bank stock,
Railroad bonds, as per schedule,
Real estate (for banking purp o s e s ) , ....................................
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
( n o t e s ) ,....................................
Deposit in bank, not on interest,
Expense account,
Premium account,
Real estate owned,
288 shares Bennett Spinning Co.
s t o c k , * ....................................
300 shares Rotch Spinning Co.
s t o c k , * ....................................
125 shares Howland Mills Corp.
s t o c k , * ....................................
75 shares Globe Yarn Co. stock,*
25 shares Sanford Spinning Co.
s t o c k , * ....................................
North Shore Lumber Plant,*
Suspense account,
Cash on hand, .
.
.
.


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

$147,000
190,310
2,800
195,000

00
00
00
00

20,000 00
9,732 68

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

$2,264,486 67
75,250 00
1,200 50
4,611 19
2,901 40

886,296 97
687,186 13
25,000
35,807
288
5,000
341

00
10

78
00
00

40,000 00
46,000 00
12,500 00
I

[

j

8,500 00
33,179 38
265 67
3,242 05

$2,348,449 76

* Taken to secure indebtedness.

$2,348,449 76

N o. 8 .]

43

S A Y IN G S B A N K COM M ISSION ERS

Beverly Savings Bank — Continued.
Cash on Deposit in Bank: —
Beverly National Bank, Beverly.......................................................................... $35,807 10

Loans on Bank Stock, amount on each: —
15 shares Beverly National Bank, B e v e rly ,...................................................... >
c
10 shares Gloucester Safe Deposit and Trust Company, Gloucester, .
. $
10 shares Beverly National Bank, Beverly..........................................................
6
shares First National Bank, Danvers..........................................................

„„„ „„

©o 000 00

9 ’

400 00
400 00

D etailed Statem ent o f P u blic Fu nd s.

Par Value.

City of Beverly, Mass,, 4s,
of Bridgeport, Conn., 3£s,
of Canton, Ohio, 5s, .
of Kansas City, Mo., 4 £ s,.
of Peoria, 111., 4s,
of Terre Haute, Ind., 4s, .
Town of Belmont, Mass., 4s, .
of Medford, Mass., 4s, .
of North Andover, Mass , 4s,
of Peabody, Mass., 4s, .
of Rockport, Mass., 4s, .
of W ellesley, Mass., 4s, .
of Winchester, Mass., 4s,

$36,000
6,000
10,000
35,000
6,000
20,000
4,000
2,000
10,000
1,000
3,000
4,000
10,000
$147,000

Estimated
Market Value.
$38,462
6,000
10,150
39,375
6,480
21,200
4,480
2,220
11,200
1,030
3,285
4,120
11,150

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

$159,152 50

Amount Invested.

$36,000
6,000
10,000
35,000
6,000
20,000
4,000
2,000
10,000
1,000
3,000
4,000
10,000

00
00
00
00
00'
00
00
00
00
00
00
00
00

$147,000 00

îîo. of
Shares.

D etailed Statem ent o f B an k Stocks.

200
100
66
47
20
57
80
100
20
50
50
61
100
75

Par Value.

Beverly Nat’l Bank, Beverly, .
Atlas National Bank, Boston, .
Blackstone Nat’l Bank, Boston,
Freeman’s Nat’l Bank, Boston,
Globe National Bank, Boston,
Hamilton Nat’l Bank, Boston,
Howard Nat’l Bank, Boston, .
Massachusetts N ’l B’k, Boston,
Merchants’ N ’l Bank, Boston, .
N ’l B ’k of Commerce, Boston,
N ’l B’k of Redemption, Boston,
N ’l B’k of the Republic, Boston,
National City Bank, Boston, .
National Eagle Bank, Boston,.


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

$20,000
10,000
6,600
4,700
2,000
5,700
8,000
10,000
2,000
5,000
5,000
6,100
7,500

Estimated
Market Value.
$28,000
10,900
5,148
4,700
2,000
6,498
7,780
7,500
3,100
5,275
5,662
8,738
500
6,600

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

Amount Invested.

$20,000
10,000
6,600
4,700
2,000
5,700
8,000
10,000
2,000
5,000
5,000
6,100

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

7,500 00

R E P O R T O F TH E

44

[Pub. D oc

Beverly Savings Bank — Continued.
D etailed Statem ent o f B an k Slocks — Concluded.
V- rn
© o>

Par Value.

£ CO
£
30
73
33
33
20
50
50
50
66
25
60
50
18
177
71
67
28
87
60
67

Nat’l Exchange Bank, Boston,
N ’l Hide & Leather B’k,Boston,
National Revere Bank, Boston,
Nat’l Webster Bank, Boston, .
New England N ’l B ’k, Boston,
North National Bank, Boston,
Shawmut Nat’l Bank, Boston,.
Shoe & Leather N ’l B’k, Boston,
Suffolk National Bank, Boston,
Tremont Nat’l Bank, Boston, .
Winthrop Nat’l Bank, Boston,.
First National Bank, Lynn,
N ’l Grand Bank, Marblehead,.
Asiatic National Bank, Salem,
First National Bank, Salem, .
Mercantile Nat’l Bank, Salem,
Merchants’ Nat’l Bank, Salem,
Nat’l Exchange Bank, Salem ,.
Naumkeag Nat’l Bank, Salem,
Salem National Bank, Salem, .

$3,000
7,300
3,300
3,300
2,000
5,000
5,000
5,000
6,600
2,500
6,000
5,000
1,800
5,310
7,100
6,700
1,400
8,700
6,000
6,700
$190,310

Estimated
Market Value.
$3,915
7,792
3,036
3,374
3,040
5,100
6,100
5,100
6,996
1,775
8,160
6,250
2,070
4,956
5,964
6,834
1,820
6,960
7,200
6,164

00
75
00
25
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

$205,008 75

Amountinvested.

$3,000
7,300
3,300
3,300
2,000
5,000
5,000
5,000
6,600
2,500
6,000
5,000
1,800
5,310
7,100
6,700
1,400
8,700
6,000
6,700

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

$190,310 00

D etailed Statem ent o f R ailroad Bonds.

Par Value.

Boston & Lowell R.R. 4s,
Boston & Lowell R R. 5s,
Concord & Montreal R.R. 4s, .
Dexter & Piscataquis R.R. 4s, .
Fitchburg R.R. 4s, .
Fitchburg R.R. 4£s, .
.
.
.
Fitchburg R.R. 5s, .
Maine Central R.R. 4s,
Old Colony R.R. 4s, .
Upper Coos R.R. 4£s,
Worcester, Nashua & Roch. R.R. 4s,


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

$10,000
11,000
4,000
10,000
30,000
20,000
10,000
15,000
35,000
25,000
25,000
$195 000

Estimated
Market Value.
$10,750
11,165
4,320
10,900
31,700
22,100
10,650
15,900
38,500
27,000
28,000

00
00
00
00
00
00
00
00
00
00
00

$210,985 00

Amount Invested.

$10,000
11,000
4,000
10,000
30,000
20,000
10,000
15,000
35,000
25,000
25,000

00
00
00
00
00
00
00
00
00
00
00

$195,000 00

No. 8 .]

SA V IN G S

45

B A N K CO M M ISSION ERS.

Beverly Savings Bank— Concluded.
Total A m ou n t o f L oa n s, w ith E ach Specified B ate o f In terest.

Rate.

Amount.
$12,154 88
65,000 00
155,500 00

0

4

4i

per cent.
“
<<

Amount.

Rate.

$250,000 00
35,000 00
348,417 00

4^ per cent.
4|
“
5
“

Rate.

Amount.
$45,000 00
189,632 97
500,578 25

5} per cent.
5£
»

6'

“

Amount invested in real estate for banking purposes,.................................... $20,000 00
Estimated value of the same,.................................................................................
25,000 00
Assessed value of the s a m e ,.................................................................................
26,625 00
Net income received from same during year ending Oct. 31,1898,
.
.
850 63
Value, by books, of other real estate, held or owned by foreclosure or
o th e r w ise ,............................................................................................................
54,577 73
Assessed value of the s a m e ,.................................................................................
57,500 00
Number of loans which are of an amount not exceeding $3,000 each, 545
Aggregate amount of the same...............................................................................
536,396 97
Total number of loans upon real e s t a t e , ............................................. 596
Amount of investments from which no income is received, .
.
.
.
102,154 88
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1898,
.
.
.
.
.
.
.
.
100,047 66
Times for the dividends fixed by the by-laws : fourth Wednesday in April
and October.
Rate and amount of each semi-annual dividend f 2 per cent., $40,900 94 1 gg ggg gg
during the year ending Oct. 31, 1898,
.
.1 2 per cent.,
42,193 05 1
Number of accounts opened during the year ending Oct. 31, 1898,
. 794
Number of accounts closed during the year ending Oct. 31, 1898,
. 790
Total number of open accounts Oct. 31, 1898,
.
.
.
.
5,973
Total expenses of the corporation for the year endiftg Oct. 31, 1898 (ex­
clusive of taxes),...................................................................................................5,32171
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1898, .
.
.
.
.
.
.
.
.
.
.
373,753 02
Number of s a m e ,................................................................................. 4,590
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1898..........................................................................................
317,690
63
Number of s a m e , ................................................................................. 4,509
Date of examination by commissioner : March 4.


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

46

R E P O R T O F TH E

[Pub. Doc,

BOSTON F IV E CENTS S A V IN G S B A N K — BOSTON.
Incorporated April 7, 1854.

Present number of corporators, 54.

A lonzo H . E v a n s , President.
J oseph C. H o lm es , Treasurer.
E d w a r d E d m u n d s , Clerk o f the Corporation.

Names of committee charged with the investment of its funds :
A lonzo H . E v a n s ,
N a t h a n ie l J. R ust ,
L e a n d er B e a l ,
A . H. D avenpor t ,
S a m u e l A . Ca r l e t o n ,
W m . R. D u p e e ,
W ilm ot R . E v a n s .

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 Sheet October 31, 1898.

A ssets.

L ia b il it ie s .

Public funds, as per schedule, . $3,425,151 50
Loans on public funds,
18,600 00
Bank stock, as per schedule,
636,800 00
Loans on bank stock,
23.200 00
Railroad bonds, as per schedule,
2,084,685 00
Loans on railroad bonds, .
2,500 00
Loans on railroad stock, .
2,000 00
Real estate (for banking pur­
poses), ....................................
195,000 00
Loans on real estate, .
11,742,893 79
Loans on personal security,
6,614,657 50
Loans to counties, cities or towns
(notes).........................................
1,144,350 00
Deposits in banks, on interest, .
701,182 18
Expense account,
608 82
Real estate, rents and expenses,
1,583 16
Consolidated R .R. of Vermont
b o n d s ,* ....................................
72.200 00
Cash on hand, .
.
.
.
42,594 70

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

$26,708,006 65

$24,715,920 87
1,229,916 30
24,691 94
716,978 71
5,691 43
14,807 40

$26,708,006 65

* Taken to secure indebtedness.
Cash on Deposit in Banks, amount in each : —
Blackstone National Bank, B o s t o n , ............................................................... $60,783 67
National Bank of the Commonwealth, B o s t o n ,.............................................
54,498 72
Eliot National Bank, B o s t o n , ........................................................................
55,225 63
Faneuil Hall National Bank, Boston....................................................................
90,363 27


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

No. 8 .]

47

SA Y IN G S B A N K COM M ISSION ERS

Boston Five Cents Savings Bank — Continued.
$28,954
8,140
75,500
100,209
110,130
52,374

Lincoln National Bank, Boston, .
Mechanics’ National Bank, Boston,
North National Bank, Boston,
Second National Bank, Boston,
National Security Bank, Boston, .
"Winthrop National Bank, Boston,
National Union Bank, Fall River,
Pocasset National Bank, Fall River,
Pynchon National Bank, Springfield,

85
18
18
79
99
90

20,000 00

30.000 00
15.000 00

Loans on Public Funds, amount on each : —
$2,000 United States 4s...........................................................................................$2,000 00
2.000 City of Boston, Mass., 5 s , ...............................................................
1,600 00
2.000 Town of Winthrop, Mass., 5 s , ...............................................................
2,000 00
13,000 City of Dover, N. H ., 4 s , .....................................................................j
13,000 00
1.000 United States 3 s , ................................................................................. >
Loans on Bank Stock, amount on each; —
62 shares National Security Bank, Boston..................................................... $6,200 00
70 shares National Bank of the Commonwealth, Boston, .
.
.
.
7,000 00
50 shares Freeman’s National Bank, B o s t o n , .............................................
4,000 00
70 shares Atlas National Bank, B o s t o n , ......................................................
6,000 00
Loan on Railroad Bonds : —
$2,500 Maine Central R .R . 7 s , ........................................................................ $2,500 00
Loan on Railroad Stock : —
20

shares Boston & Maine R . R . , .....................................................................$2,000 00

Detailed Statem ent o f Public F u nd s.
Estimated
Market Value.

Par Value.

City of
of
of
of
of
of
of
of
of
of
of
of
of
of
of

Biddeford, Me., 4s,
Boston, Mass., 4s, .
Boston, Mass., 5s, .
Brockton, Mass , 4s,
Chelsea, Mass., 4s,
Chicago, 111., 7s, .
Chicopee, Mass., 4s,,
Cleveland, Ohio, 4<|s, .
Cleveland, Ohio, 5s,
Columbus, Ohio, 4s,
Detroit, Mich., 7s, .
East Saginaw, Mich., 5s,
Fort Wayne, Ind., 6s, .
Haverhill, Mass., 4s,
Indianapolis, Ind., 4s, .


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

$50,000
680,000
206,151
135,000
109,000
5,000
7,000
60,000
200,000
20,000
21,000
8,000
2,000
116,000
248,000

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

$51,500
730,800
211,463
144,300
112,270
5,100
7,000
60,000
206,000
20,400
24,780
8,640
2,040
122,800
275,280

* A legal investment when made.

00
00
31
00
00
00
00
00
00
00
00
00
00
00
00

Amount Invested.

$50,000
680,000
206,151
135,000
109,000
5,000
7,000
60,000
200,000
20,000
21,000
8,000
2,000
116,000
248,000

00
00
50
00
00
00
00
00
00
00*
00
00
00
00
00

48

R E P O R T O F TH E

[Pub. D oc

Boston Five Cents Savings Bank — Continued.
D etailed Statem ent o f Public F u nd s — Concluded.

Par Value.

City of Kansas City, Mo., 4£s, .
of Keene, N. H., 4s, .
of Lynn, Mass., 4s, .
of Malden, Mass., 4s,
of Milwaukee, W is., ,5s,
of Milwaukee, W is., 4s,
of Quinc}r, Mass , 4s.,
of Salem, Mass., ,5s, .
of Somerville, Mass., 4s, .
Town of Beverly, Mass., 4s,
of Danvers, Mass., os,
of Melrose, Mass., 4s,
of No.Attleborough,Mass
(Fire Dist.), 4s, .
of North Easton, Mass.
(Village Dist.), 4s,
of Norwalk, Conn., 4s, .
of Norwich, Conn., 4s,
of Spencer, Mass., 4s,
of YValpole, Mass., 4s., .
of Weymouth, Mass., 4s,
County of Middlesex, Mass., 4s,
Commonwealth of Mass. 3s,
District of Columbia 5s,

$ 100,000
53,000
151,000
10,000
227,000
40,000
42,000
100,000
218,000
21,000
49,000
40,000

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

Estimated
Market Value.
$112,000
55,120
156,730
10,500
256,510
41,200
43,680
108,000
231,080
22,260
54,390
44,400

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

Amount Invested.

$100,000
53,000
151,000
10,000
227,000
40,000
42,000
100,000
218,000
21,000
49,000
40,000

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

72,000 00

76,320 00

72,000 00

42,000
29,000
60,000
5,000
24,000
50,000
80,000
80,000
65,000

43,680
29,580
64,200
5,400
24,720
52,000
84,000
80,000
65,650

42,000
29,000
60,000
5,000
24,000
50,000
80,000
80,000
65,000

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

$3,425,151 50 $3,643,793 31 $3,425,151 50

STo. of
Shares.

D etailed Statem ent o f B a n k Stocks.

250
274
234
130
330
100
250
62
350
100
223
47
168

Par Value.

Atlas National Bank, Boston, .
Blackstone N ’l Bank, B oston,.
Boston National Bank, Boston,
Boylston Nat’l Bank, Boston, .
Columbian Nat’l Bank, Boston,
Continental N ’l Bank, Boston,
First National Bank, Boston, .
Freeman’s Nat’l Bank, Boston,
Globe National Bank, Boston,.
Hamilton Nat’l Bank, Boston,
Howard Nat’l Bank, Boston, .
Merchants’ Nat’l Bank, Boston,
N ’l B’k of Commerce, Boston,


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

$25,000
27,400
23,400
13,000
33,000
10,000
25,000
6,200
35,000
10,000
22,300
4,700
16,800

Estimated
Market Value.
$27,250
21,372
23,166
15,730
32,010
12,000
48,750
6,200
35,000
11,400
21,631
7,285
17,640

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

Amount Invested.

$25,000
27,400
23,400
13,000
33,000
10,000
25,000
6,200
35,000
10,000
22,300
4,700
16,800

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

No. 8 ]

49

SA Y IN G S B A N K COM M ISSION ERS

Boston Five Cents Savings Bank — Continued.

No. of
Shares.

D etailed Statem ent o f B an k Stocks — Concluded.

280
108
150
202
100
101
825
150
200
50
96
297
515
216
161
150
71
200
150
380
50
100

Par Value.

National Bank of the Commonwealth, Boston,
N ’l B’k of Redemption, Boston,
N ’l B’k of the Republic, Boston,
National City Bank, Boston, .
National Eagle Bank, Boston,
Nat’l Exchange Bank, Boston,
N ’l Hide & Leather B ’k, Boston,
National Revere Bank, Boston,
Nat’l Rockland Bank, Boston,
National Union Bank, Boston,
National Webster B’k, Boston,
North National Bank, Boston,
Second National Bank, Boston,
Shawmut Nat’l Bank, Boston,
State National Bank, Boston, .
Suffolk National Bank, Boston,
Third National Bank, Boston,.
Tremont Nat’l Bank, Boston, .
Washington N ’l Bank, Boston,
W in thro p Nat’l Bank, Boston,
First N ’l Bank, Marlborough,
Third N ’l Bank, Springfield, .

$28,000
10,800
15,000
10,000
10,100
32,500
15,000
20,000
5,000
9,600
29,700
51,500
21,600
16,100
15,000
7,100
20,000
15,000
38,000
5,000
10,000
$636,800

Estimated
Market Value.

$40,600
12,204
21,450
1,010
8,800
13,130
34,450
13,800
24,800
6,650
9,792
30,294
89,610
26,352
17,871
15,900
6,319
14,200
16,800
51,680
5,500
22,000

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

$762,646 00

Amount Invested

$28,000
10,800
15,000
10,000
10,100
32,500
15,000
20,000
5,000
9,600
29,700
51,500
21,600
16,100
15,000
7,100
20,000
15,000
38,000
5,000
10,000

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

$636,800 00

D etailed Statem ent o f R ailroad Bonds.

Boston & Albany R.R. 5s,
Boston, Clinton & Fitchburg R.R. 5s,
Boston & Lowell R.R. 4 s ,.
Boston & Maine R.R. 4s, .
Boston & Maine R R. 4£s,
Eastern R.R. 6s,
.
.
.
.
Manchester & Lawrence R.R. 4s,
New York & New England R.R. 6s,
Old Colony R.R. 4s, .


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

Par Value.

Estimated
Market Value.

$300,000
6,000
95.000
300.000
50.000
69,685
174.000
290.000
800.000

$315,000
6,900
103,550
336.000
62,000
82,228
191,400
327,700
880.000

00
00
00
00
00
30
00
00
00

Amount Invested.

$300,000
6,000
95.000
300.000
50.000
69,685
174.000
290.000
800.000

00
00
00
00
00
00
00
00
00

$2,084,685 $2,304,778 30 $2,084,685 00

[Pub. Doc

R E P O R T O F TH E

50

Boston Five Cents Savings Bank — Concluded.
Total A m ou n t o f L oa n s, with E ach Specified R ate o f In terest.

Amount.

Kate.

$636,182 18

2 per cent.
2|
“

200,000 00
100,000 00
100,000 00

50,000
230,000
40,000
515,000
150,000
1,368,000

00
00
00
00
00
00

2 tV “
2JJL “

“
“
3 S_ «
3 ! 00 “
3|
“
31
“

2 180

3
3

Amount.
$281,000
6,831,050
557,000
1,553,700
313,000
2,469,350
32,000
650,450
250,000
13,000

Kate.

00

00
00
00
00
00
00
00
00
00

3£ per cent.
4
“

4j

«
4$
“
4|
“
4h
“
4|
“
41
“
4£
“
4-9“
10

Kate.

Amount.
$2,971,641
4,800
404,500
346,862
28,093
113,353
34,000
4,400

29 5 per cent.
ii
00
u
00 H
it
50
a
75 51
u
75 6
a
00 61
a
00 6h
a
2,000 00 7

Amount invested in real estate for banking purposes,.................................... $195,000 00
225,000 00
Estimated value of the s a m e , ........................................................................
293,500 00
Assessed value of the s a m e ,.................................................................................
Number of loans which are of an amount not exceeding $3,000 each, 470
887,901 29
Aggregate amount of the s a m e , ........................................................................
Total number of loans upon real estate....................................................... 945
72,200 00
Amount of investments from which no income is received..............................
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1 8 9 8 , ............................................................... 1,083,315 04
Times for the dividends fixed by the by-laws : second Wednesday in April
and October.
Rate and amount of each semi-annual dividend f 1| per cent., $389,904 39
784,267 64
during the year ending Oct. 31, 1898,
.
t 1| per cent., 394,363 25
Number of accounts opened duringthe year ending Oct. 31, 1898,
15,549
Number of accounts closed duringthe year ending Oct.31, 1898,
12,709
Total number of open accounts Oct. 31, 1898,
.
.
.
.
154,166
Total expenses of the corporation for the year ending Oct. 31, 1898 (ex­
clusive of taxes),...................................................................................................
66,584 97
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 8 9 8 ,.......................................................................................... 6,285,709 57
Number of s a m e , ......................................................................136,195

J

Amount of withdrawals, including dividends, during the year ending

Oct, 31, 1 8 9 8 , ................................................................................................... 6,292,666 53
Number of same...........................................................................116,432
Date of examination by commissioners: October 24 and 25.


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

No. 8 .]

S A Y IN G S B A N K COM M ISSION ERS

51

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

Incorporated April 6 , 1864.

Present number of corporators, 91.

A sa H . Cato n , President.

W

m,

H . D u r k e e , Treasurer.

Louis M. Cl a r k , Clerk o f the Corporation.

Names of committee charged with the investment of its funds :
T homas N . H a r t ,
John R e ynolds ,

W il l ia m A . R ust ,
A sa H . C aton ,
L. F. P e r r y .

Open for business every business day except Saturdays, 9 a

9

a

.m .

.m .

to 3 p . m . ; Saturdays,

to 12 M.

B alance Sheet October 31,1898.

A ssets.

L ia b il it ie s .

Public funds, as per schedule, .
Bank stock, as per schedule,
Loans on bank stock,
Railroad bonds, as per schedule,
Real estate (for banking pur­
poses) ..........................................
Loans on real estate, .
Loans on personal security,
Deposits in banks, on interest, .
Expense account,
Bennett Spinning Co. stock,* .
Cash on hand, .
.
.
.

$50,000
63,160
5,500
50,000

00
50
00
00

125.000
1,381,650
480.000
86,514
835
39,442
5,843

00
00
00
47
51

Deposits, .
Guaranty fund,
Interest account,
Bank liquidation ac­
count, .

1,493 75

66

44

$2,287,946 58

*

$2,205,300 17
73,000 00
8,152 66

$2,287,946 58

Taken to secure indebtedness.

Cash on Deposit in Banks, amount in each: —
Mount Yernon National Bank, Boston,
National Bank of the Commonwealth, Boston,
Loans on Bank Stock, amount on each : —
5 shares Mechanics’ National Bank, Boston,
58 shares Fourth National Bank, Boston,


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

$43,610 95
42,903 52

$500 00
5,000 00

[Pub. Doc

REPORT OF THE

52

Boston Penny Savings Bank — Continued.
D etailed Statem ent o f Public F u nd s.

Par Value.

City of Malden, Mass., 4s,

$50,000

Estimated
Market Value.

Amount Invested.

$58,000 00

$50,000 00

Ko. of
Shares.

D etailed Statem ent o f B a n k Stocks.

42
50
50
50
50
25
37
50
100
32
11
20

Par Value.

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

$4,200
5,000
5,000
5,000
5,000
2,500
3,700
5,000
10,000
3,200
1,100
2,000
$51,700

Estimated
Market Value.
$4,704
5,450
4,962
4,862
5,000
3,875
3,903
5,112
10,675
3,272
1,229
1,420

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

$54,466 25

Amount Invested.

$6,384
6,300
6,050
6,250
5,325
3,600
4,662
5,525
11,550
3,632
1,402
2,480

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

$63,160 50

D etailed Statem ent o f B ailroad Bonds.
—

Concord & Montreal R.R. 4s,

.

Par Value.

Estimated
Market Value.

Amount Invested.

$50,000

$54,000 00

$50,000 00

Total A m ou nt o f Loans, with Each Specified Rate o f Interest.

Kate.

Amount.
$86,514 47
180,500 00
25,000 00

2

4
4|


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

per cent.
“
“

Amount.

Rate.

$125,000 00
124,900 00
1,225,450 00

44 per cent.
4|
«
5
«

Amount.
$67,800 00
118,500 00

Kate.
5<i per cent.
6

No. 8.]

SAYINGS BANK COMMISSIONERS.

53

Boston Penny Savings Bank — 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, 1898,
Number of loans which are of an amount not exceeding $3,000 each,
99
....................................
Aggregate amount of the same,
.
.
.
.
Total number of loans upon real e s t a t e , ............................................. 292
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1 8 9 8 , ...............................................................
Times for the dividends fixed by the by-laws: second Wednesday in
April and October.
Rate and amount of each semi-annual dividend! 2 per cent., $38,203 82
during the year ending Oct. 31, 1898,
.
.( 2 per cent., 40,166 67
Number of accounts opened duringthe year ending Oct. 31, 1898,
2,206
Number of accounts closed during the year ending Oct. 31, 1898,
1,980
Total number of open accounts Oct. 31, 1898,
.
.
.
.
9,127
Total expenses of the corporation for the year ending Oct. 31, 1898 (ex­
clusive of taxes).....................................................................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 8 9 8 ,..........................................................................................
Number of s a m e , ........................................................................................ 15,526
Amount of withdrawals, including dividends, during the year ending
Oct. 3 1 , 1 8 9 8 , ...................................................................................................
Number of same, .
......................................................... 10,473
Date of examination by commissioner: February 10.


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

$125,000
120,000
82,000
4,652

00
00
00

78

172,200 00

98,528 68

78,370 49

9,225 77
601,227 77

513,170 04

REPORT OF THE

54

[Pub. Doc

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

Present number of corporators, 37.

B enjamin F. D yee , President.
C. H. H obart, Treasurer.
C. H. H obart, Clerk o f the Corporation.
Names of committee charged with the investment of its funds:

Benjamin F. D yer ,

P. D. H olbrook,

N. H. H unt.
Open for business every business day, 8

a

.m .

to 6

p

.m .

B a l a n c e S h e e t O c t o b e r 31, 1898.

A ssets.

L ia b il it ie s .

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,
Deposit in bank, on interest,
Insurance account,
Cash on hand, .

$26,000 00
28,500 00
70,000 00
10,000 00

141,431 00
150 00
4,026 49
11 70
814 03

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

$280,933 22

$264,251 68
8,346 10
8,257 44
78 00

$280,933 22

Cash on Deposit in Bank : —
Shawmut National Bank, B o s t o n , ............................................................... $4,026 49

D etailed Statem ent o f P u blic F u nd s.

Par Value.

City of Boston, Mass., 4s,
of Kansas City, Mo.. 4£s, .
of New Bedford, Mass., 5s,
of Worcester, Mass., 4 £ s ,.
Town of Braintree, Mass., 4s, .
of Chatham, Mass., 4 i s , .
County of Aroostook, Me., 4^s,


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

$5,000
5,000
3,000
2,000
5,000
1,000
5,000
$26,000

*

Estimated
Market Value.
$5,912
5,625
3,075
2,155
5,462
1,035
5,262

50
00
00
00
50
00
50

$28,527 50

A legal investment when made.

Amount Invested.

$5,000
5,000
3,000
2,000
5,000
1,000
5,000

00
00
00
00
00
00
00*

$26,000 00

No. 8.]

55

SAYINGS BANK COMMISSIONERS

Braintree Savings Bank — Continued.

No. of
Shares.

D etailed Statem ent o f B a n k Stocks.

20
15
5
20
7
28
10
8
10
45
25
15
17
8
25
16
11

Tar Value.

Blackstone Nat’l B ’k, Boston,.
Freeman’s Nat’l Bank, Boston,
Globe National Bank, Boston,
Manufacturers’ N ’l B’k, Boston,
Merchants’ N ’l B’k, Boston, .
Mt. Vernon N ’l B’k, Boston, .
N ’l B’k of No. America, Boston,
Nat’l Exchange Bank, Boston,
N ’ l Hide & Leather B’k, Boston,
Shawmut Nat’l Bank, Boston,.
Shoe & Leather N ’l B’k, Boston,
State National Bank, Boston, .
Tremont Nat’l Bank, Boston, .
Winthrop Nat’l Bank, Boston,
Brockton Nat’l Bank, Brockton,
Union Market National Bank,
Watertown, .
.
.
.
Union Nat’l B’k, Weymouth, .

$2,000
1,500
500
2,000
700
2,800
1,000
800
1,000
4,500
2,500
1,500
1,700
800
2,500

Estimated
Market Value.
$1,560
1,500
500
2,000
1,085
2,695
1,022
1,044
1,067
5,490
2,550
1,676
1,207
1,088
3,000

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

Amount Invested.

$2,000
1,500
500
2,000
700
2,800
1,000
800
1,000
4,500
2,500
1,500
1,700
800
2,500

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

1,600
1,100

2,000 00
1,078 00

1,600 00
1,100 00

$28,500

$30,563 00

$28,500 00

D etailed Statem ent o f R ailroad Bonds.

Par Value.

Boston & Maine R.R. 4s, .
Concord & Montreal R.R. 4s, .
Fitchburg R R. 4s,
Fitchburg R R. 5s,
Maine Central R.R. 4s,
Maine Central R.R. 44s, .
Newport & Richford R R. 5s, .
N . Y . & N. E. R.R. (terminal) 4s, .
Old Colony R R. 4s, .
Penobscot Shore Line R.R. 4s, .
Portland & Ogdensburg R.R. 6s,
Portsmouth, Great Falls & Con­
way R.R. 44s,
.
.
.
.
Upper Coos R.R. 44s,
Vermont & Massachusetts R.R. 5s, .
Worcester, Nashua & Roch. R.R. 4s,


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

Estimated
Market Value.

Amount Invested.

$5,000
1,000
8,000
3,000
2,000
3,000
5,000
5,000
10,000
3,000
5,000

$5,537
1,082
8,400
3,165
2,190
3,285
5,575
5,812
11,200
3,135
5,212

50
50
00
00
00
00
00
50
00
00
50

$5,000
1,000
8,000
3,000
2,000
3,000
5,000
5,000
10,000
3,000
5,000

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

6,050
5,237
5,287
5,375

00
50
50
00

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

$70,000

$76,545 00

* A legal investment when made.

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

$70,000 00

56

REPORT OF THE

[Pub. Doc.

Braintree Savings Bank — Concluded.
Total A m ount o f Loans, w ith E ach Specified Rate o f In terest.

Amount.
$4,026 49
67,350 00

Bate.
2 per cent.
5
“

Amount.
$72,831 00

Rate.
6 per cent.

Amount.
$1,400 00

Rate.
7 per cent.

Number of loans which are of an amount not exceeding $3,000 each, 130
Aggregate amount of the s a m e , ........................................................................$121,13100
Total number of loans upon real e s t a t e , ............................................. 134
Gross amount of interest or profits received or earned, as per books, •
during year ending Oct. 31, 1898........................................................................
13,466 73
Times for the dividends fixed by the by-laws: January 1 and July 1.
Rate and amount of each semi-annual dividend f 2 per cent., $5,081 57 1 in 203 36
during the year ending Oct. 31, 1898,
.
. i 2 per cent.,
5,121 79 J
’
Number of accounts opened during the year ending Oct. .31, 1898,
. 117
Number of accounts closed during the year ending Oct. 31, 1898,
. 127
Total number of open accounts Oct. 31, 1 8 9 8 , .................................... 929
Total expenses of the corporation for the year ending Oct. 31, 1898 (ex­
clusive of taxes),
..........................................................................................
831 35
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 8 9 8 ,..........................................................................................
49,669 89
Number of s a m e , ..........................................................................................965
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1898............................................................................................................
64,954 18
Number of s a m e ,.......................................................................................... 903
Date of examination by commissioner : February 28.


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

No. 8.]

SAYINGS BANK COMMISSIONERS.

57

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

Incorporated March 19, 1872.

Present number of corporators, 20.

L afayette K eith , President.
Samuel P. Gates, Treasurer.
G eorge M. H ooper, Clerk o f the Corporation.

Names of committee charged with the investment of its funds:

H osea K ingman,
E dward A. H ewitt ,
Samuel P. Gates ,
Paul 0 . Clark ,
John H. F airbanks .

Open for business every business day, 7.30 a .m . to 12.30 p .m . ; 1.30 to 6 p .m .

B a l a n c e S h e e t O c t o b e r 31, 1898.

L ia b il it ie s .

A ssets.

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

$75,000 00
56,716 75
97.000 00
5,450 00
10.000 00

298,219
65,846
1,184
196
5,259

70
02
67
57
20

$614,872 91

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

$580,212 71
28,900 00
3,857 26
863 69
56 00
983 25

$614,872 91

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


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

$1,184 67

[Pub. Doc

REPORT OF THE

58

Bridgewater Savings Bank — Continued.
D etailed Statem ent o f P u blic F u nd s.

Par Value.

City of
of
of
of
of
of
of
of
of
of
of
of
County

Bay City. Mich., 5s,
Boston, Mass., 5s,
Chicago, 111., 4s, .
Cleveland. Ohio, 5s,
Canton, Ohio, 5s, .
Dayton, Ohio, 5s, .
Fall River, Mass., 6s, .
Kansas City, Mo., 4£s, .
Lewiston, Me., 5s,
Milwaukee, W is., 5s, .
Saginaw, Mich., 5s,
Springfield, Ohio, 5s, .
of Aroostook, Me., 4is,

*

Estimated
Market Value.

$10,000
5,000
5,000
5,000
5,000
5,000
4,000
5,000
5,000
15,000
1,000
5,000
5,000

$11,800
5,600
5,500
5,325
5,400
5,650
4,700
5,625
6,175
17,140
1,070
5,350
5,400

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

$75,000

$84,735 00

Amount Invested,

$10,000
5,000
5,000
5,000
5,000
5,000
4,000
5,000
5,000
15,000
1,000
5,000
5,000

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

$75,000 00

Legal investments when made.

Ko. of
Shares.

D etailed Statem ent o f B a n k Stocks.

13
50
44
10
40
20
10
20
10
30
30
20
20
6
30
24
10
30
10
30
22
25
8
36

Par Value.

Abington N ’l Bank, Abington,
Blackstone N ’l Bank, Boston,.
Boylston Nat’l Bank, Boston, .
Faneuil Hall N’l Bank, Boston,
Fourth National Bank, Boston,
Freeman’s Nat’l Bank, Boston,
Globe National Bank, Boston,
Howard National B’k, Boston,
Merchants’ N’l Bank, Boston, .
N ’l B’k of No. America, Boston,
N ’l B’k of Redemption, Boston,
National Eagle Bank, Boston,
Nat’l Rockland Bank, Boston,
National Security B’k, Boston,
North National Bank, Boston,
Sliawmut Nat’ l Bank, Boston,
South End Nat’ 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, M ilton,.
Plymouth N ’l Bank, Plymouth,
Bristol Co. N ’l Bank, Taunton,


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

$1,300
5,000
4,400
1,000
4,000
2,000
1,000
2,000
1,000
3,000
3,000
2,000
2,000
600
3,000
2,400
1,000
3,000
1,000
3,000
2,200
2,500
800
3,600
$54,800

Estimated
Market Value.

Amount Invested.

$1,365
3,900
5,324
1,257
4,720
2,000
1,000
1,945
1,550
3,067
3,397
1,760
2,480
1,380
3,060
2,928
652
3,352
1,127
3,600
3,850
2,825
840
4,500

$1,300
5,000
5,546
1,000
4,000
2,000
1,000
2,000
1,000
3,000
3,000
2,000
2,770
600
3,000
2,400
1,000
3,000
1,000
3,000
2,200
2,500
800
3,600

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

$61,882 00

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

$56,716 75

No. 8.]

SAYINGS BANK COMMISSIONERS.

59

Bridgewater Savings Bank — Continued.
D etailed Statem ent o f R ailroad Bonds.

Bennington & Rutland R.R. 4£s,
Boston & Maine R.R. 4is,
Boston, Revere Beach & Lynn R.R.
4 £ s , ..................................................
Fitchburg R R. 4 is, .
.
.
.
Fitchburg R.R. 5s, .
.
.
.
Maine Central R.R. 7s,
Old Colony R.R. 4s, .
Old Colony R.R. 4is,
Portland & Ogdensburg R.R. 6s,
St. Johnsbury & Lake Champlain
R.R. 5 s , ..................................................
Upper Coos R.R. 4is,

Par Value.

Estimated
Market Value.

$5,000
10,000

$5,650 00
12,400 00

$5,000 00
10,000 00

10,000
4,000
16,000
20,000
10,000
5,000
5,000

11,500
4,420
17,010
27,200
11,200
5,375
5,225

10,000
4,000
16,000
20,000
10,000
5,000
5,000

00
00
00
00
00
00
00

Amount Invested.

00
00
00
00
00
00
00

7,000
5,000

9,030 00
5,400 00

7,000 00
5,000 00

$97,000

$114,410 00

$97,000 00

Total A m ou nt o f L oa n s, with E ach Specified R ate o f Interest.

Amount.
$465 79
1,184 67
39,000 00

Rate.
0

H
4i

per cent.
“
“

Amount.

Rate.

Amount.

$127,450 00
15,100 00

5 per cent.
6i
“

$181,249 93
800 00

Rate.
6 per cent.

7

«

$5,450 00
Amount invested in real estate for banking purposes,....................................
5,450 00
Estimated value of the s a m e , ........................................................................
Assessed value of the s a m e ,.................................................................................
6,000 00
Net income received from same during year ending Oct. 31, 1898,
115 25
Value, by books, of other real estate, held or owned by foreclosure or
otherwise.................................................................................................................
10,000 00
Assessed value of the s a m e ,.................................................................................
5,300 00
Net income received from same during year ending Oct. 31, 1898,
502 84
Number of loans which are of an amount not exceeding $3,000 each,
208
Aggregate amount of the s a m e , ........................................................................
207,265 72
Total number of loans upon real e s t a t e , .................................... ........ 196
Amount of investments from which no income is received, .
.
.
.
465 79
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1898........................................................................
31,242 72
Times for the dividends fixed by the by-laws: April 1 and October 1.
Rate and amount of each semi-annual dividend f 2 per cent., $10,813 61 1
21,742 97
during the year ending Oct. 31, 1898,
.
1 2 per cent.,
10,929 36 1
Number of accounts opened during the year ending Oct. 31, 1898,
. 181
Number of accounts closed during the year ending Oct. 31, 1898,
. 155
Total number of open accounts Oct. 31, 1898,
.
.
.
.
1,874


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

60

REPORT OF THE

[Pub. Doc.

Bridgewater Savings B ank— Concluded.
Total expenses of the corporation for the year ending Oct. 31, 1898 (ex­
clusive of taxes)...................................................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1898..............................................................................................
Number of same.......................................................................................1,344
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 8 9 8 , ...................................................................................................
N u m b er o f s a m e , ................................................................................................. 1,513

Date of examination by commissioner: May 5.


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

$ 2,021 72
119,133 72

123,410 08

No. 8.]

61

SAYINGS BANK COMMISSIONEKS

B R IG H T O N F IV E CENTS S A V IN G S B A N K — (W ard 25)
BOSTON.
Incorporated March 28, 1861.

Present number of corporators, 105.

N. W arren Sanborn, President.
G eorge E. B rock, Treasurer.
George E. B rock, Clerk o f the Corporation.
Names of committee charged with the investment of its funds :
N. W arren Sanborn,
G ranville A. F uller ,
B enjamin M. F iske ,
W ebster F. W arren ,
F rank G. N ewhall .
Open for business every business day except Saturdays, 9 a .m . to 12 m . ; 2 to 4 r.M .;
Saturdays, 9 a .m . to 12 m . ; and for deposits only, 7 to 9 p . m .
B a l a n c e S h e e t O c t o b e r 31, 1898.

L ia b il it ie s .

A ssets.

Public funds, as per schedule, .
Bank stock, as per schedule,
Railroad bonds, as per schedule,
Boston Terminal Co. bonds,
Real estate (for banking pur­
poses) ..........................................
Loans on real estate, .
Loans on personal security,
Deposit in bank, on interest,
Expense account,
Furniture and fixtures,
Cash on hand, .
.
.
.

$115,020
30,935
166,567
20,860

00
00
08
00

7,000 00

464,985 00
2,000 00

16,834
874
648
3,469

81
54
65
74

Deposits, .
Guaranty fund,
Interest account,
Profit and loss ac­
count, .
Rent account, .
Incomplete mortgage
loans, .
Bank liquidation ac­
count, .

$780,569 53
20,300 00
13,082 56
4,112 26
58 75
10,850 00
221 72

$829,194 82

$829,194 82

Cash on Deposit in Bank : —
National Market Bank of Brighton, B o s t o n , ............................................. $16,834 81

D etailed Statem ent o f P ublic F u nd s.

Par Value.

City of
of
of
of

Belfast, Me., 4s, .
Boston, Mass., 4s,
Bridgeport, Conn., 4s, .
Brockton, Mass., 4s,


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

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

Estimated
Market Value.

$10,700
5,925
5,592
5,366

00
00
50
10

Amount Invested.

$10,700
5,000
5,000
5,000

00
00
00
00

[Pub. Doc

REPORT OF THE

62

Brighton Five Cents Savings Bank — Continued.
D etailed Statem ent o f P ublic F u n d s — Concluded.

Par Value.

City of Central Falls, R. I., 4s,
of Chelsea, Mass., 4s,
of Chicago, 111., 4s, .
of Chicopee, Mass., 4s,
of Cleveland, Ohio, 5s,
of Everett, Mass., 4s,
of Kansas City, Mo., 4¿s, .
of Lynn, Mass., 4s, .
of Newton, Mass., 4s,
of Saginaw, Mich., 5s,
Town of Winchester, Mass., 4s,
County of Aroostook, Me., 4¿s,

$5,350
2,147
11,172
5,586
3,211
5,533
28,250
6,279
11,585
5,003
8,406
5,520

$5,000
2,000
10,000
5,000
3,000
5,000
25,000
6,000
10,000
4,800
8,000
5,000
$113,800

*A

Estimated
Market Value.
00
20
00
00
80
50
00
60
00
04
20
50

$125,628 44

Amount Invested.

$5,000
2,000
10,000
5,000
3,000
5,000
25,520
6,000
10,000
4,800
8,000
5,000

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

$115,020 00

legal investment when made.

No. of
Shares.

D etailed Statem ent o f B a n k Stocks.

8
12
5
10
15
14
10
25
10
30
15
30
5
13
18
21
13
10
6
22
12
5
4

Estimated
Market Value.

Amount Invested.

$800
1,200
500
1,000
1,500
1,400
1,000
2,500
1,000
3,000
1,500

$624
1,452
595
970
1,950
1,400
972
1,637
1,550
2,730
1,601

00
00
00
00
00
00
50
50
00
00
25

$800
1,200
500
1,000
1,500
1,400
1,000
2,500
1,000
3,000
1,500

00
00
00
00
00
00
00
00
00
00
00

3,000
300
1,300
1,800
2,100
1,300
1,000
600
2,200
1,200
500

3,000
276
1,329
1,980
2,562
1,326
1,117
636
1,963
852
625

00
00
25
00
00
00
50
00
50
00
00

3,000
300
1,300
1,800
2,100
1,300
1,000
600
2,035
1,200
500

00
00
00
00
00
00
00
00
00
00
00

Par Value.

Blackstone Nat’l B’k, Boston,.
Boylston. National B’k, Boston,
Central National B’k, Boston,.
Columbian Nat’l B’k, Boston, .
Eliot National Bank, Boston, .
Freeman’s Nat’l Bank, Boston,
Howard National B’k, Boston,
Lincoln National B’k, Boston,.
Merchants’ Nat’l B’k, Boston, .
Metropolitan N ’l B’k, Boston,.
N ’l Hide & Leather B’k, Boston,
Nat’l Market B’k of Brighton,
Boston, .
.
.
.
.
National Revere Bank, Boston,
National Webster B’k, Boston,
Old Boston Nat’l B’k, Boston,.
Shawmut Nat’l Bank, Boston,.
Shoe & Leather N ’l B’k, Boston,
State National Bank, Boston, .
Suffolk National Bank, Boston,
Third National Bank, Boston,.
Tremont National B’k, Boston,
First National Bank, Lynn,
Union Market National Bank,
Watertown, .
.
.
.


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

400

520 00

400 00

$31,100

$31,669 50

$30,935 00

No. 8.]

63

SAVINGS BANK COMMISSIONERS.

Brighton Five Cents Savings Bank — Continued.
D etailed Statem ent o f R ailroad Bonds.

Par Value.

Boston & Albany R.R 4s,
Boston & Lowell R.R. 4s,
Boston & Maine R R 4s, .
Boston, Winthrop & Shore R.R. 5 s ,.
Concord & Montreal R.R. 4s, .
Fitchburg R.R. 4s, .
Fitchburg R.R. 4£s, .
.
.
.
Fitchburg R.R 5s,
Maine Central R.R. 4s,
Maine Central R R. 5s,
Maine Central R.R. 7s,
Maine Central, European & North
American R.R. 4 s ,.
New York & New England R.R. 7s,
Old Colony R R. 4s, .
Portland & Ogdensburg R.R. 6s,
Portsmouth, Great Falls & Conway
R.R. Ahs...................................................
St. Johnsbury & Lake Champlain
R.R. 5s, ..................................................

Estimated
Market Value.

Amount Invested.

$10,000
30,000
7,000
3,000
10,000
20,000
4,000
5,000
16,000
1,500
6,000

$10,823
32,636
7,892
3,186
10,910
21,411
4,450
5,580
16,944
1,758
8,323

00
00
50
30
00
20
00
50
00
15
20

$10,000
30,000
7,000
3,000
9,997
20,536
4,000
5,000
16,000
1,500
6,000

00
00
00
00
50
08
00
00
00
00
00

10,000
8,000
9,000
5,000

10,989
9,580
10,026
5,188

00
00
50
50

10,000
9,533
9,000
5,000

00
50
00
00

10,000

12,250 00

10,000 00

10,000

13,000 00

10,000 00

$164,500

$184,948 85

$166,567 08

Total A m ount o f L oa n s, with Each Specified R ate o f Interest.

Amount.

$16,834 81
316,075 00

Rate.

2 per cent.
5
“

Rate.

Amount.

$43,150 00
107,660 00

f>h Per cent.

6

Rate.

Amount.

$100 00

8 per cent.

“

Amount invested in real estate for banking purposes, .
Estimated value of the same,
.
.
.
.
.
Assessed value of the same..................................................
Net income received from same during the year ending Oct
Number of loans which are of an amount not exceeding $2
Aggregate amount of the same...........................................
Total number of loans upon real estate,
Amount of investments from which no income is received,

. .
. .
1,

l,

$7,000
7,000
7,200
58

00
00
00
75

133
195,835 00
. 180
2,500 00

books,

.

during the year ending Oct. 31, 1898,
.
.
.
.
Times for the dividends fixed by the by-laws: first Saturday in January
and July.


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

36,202 00

REPORT OF THE

64

[Pub. Doc.

Brighton Five Cents Savings Bank — Concluded.
Rate and amount of eachsemi-annual dividend f 2 per cent.,
$13,425 83 1
$27,256 73
during the year endingOct. 31, 1898,.
.
1 2 per cent.,
13,830 90 J
Number of accounts opened during the year ending Oct. 31, 1898,
. 522
Number of accounts closed during the year ending Oct. 31, 1898,
. 363
Total number of open accounts Oct. 31, 1898,
.
.
.
.
3,665
Total expenses of the corporation for the year ending Oct. 31, 1898 (ex­
2,631 36
clusive of taxes),
..........................................................................................
Amount of deposits, not including dividends, received during the year
192,390 59
ending Oct. 31, 1898, ..........................................................................................
Number of s a m e , ..........................................................................................4,652
Amount of withdrawals, including dividends, during the year ending
154,650 50
Oct. 31, 1898............................................................................................................
Number of s a m e , .......................................................................................... 2,932
Date of examination by commissioner: March 1.


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

No. 8.]

SAVINGS BANK COMMISSIONERS

65

BK ISTO L CO U N TY S A V IN G S B A N K — T A U N T O N .

Incorporated March 2, 1846.

Present number of corporators, 89.

J oseph E. W ilbar , President.
A lfred C. Place , Treasurer.
A lfred C. P lace, Clerk o f the Corporation.

Names of committee charged with the investment of its funds:

J oseph E. W ilbar ,
Silas D. P resbrey ,
W illiam H. F ox,
Z acheus Sherman ,
E zra D avol.

Open for business every business day except Saturdays, 9 a .m . to 1 p .m . ; Satur­
days, 9 A . M . to 4 P .M .

B alance

Sh ee t

O ctober

31, 1898.

L ia b il it ie s .

A ssets.

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

Public funds, as per schedule, . $1,185,000 00
341,100 00
Bank stock, as per schedule,
5,675 00
Loans on bank stock,
670.000 00
Railroad bonds, as per schedule,
105.000 00
Boston Terminal Co. bonds,
Real estate (for banking pur­
25,000 00
poses), .
.
.
.
.
1,202,635 00
Loans on real estate, .
Loans on personal security,
1,067,595 00
Loans to counties, cities or towns
123,250 00
( n o t e s ) ,....................................
126,883 92
Deposits in banks, on interest, .
647 39
Expense account,
5,000 00
Howland Mills Corp’n stock,* .
2,946 45
Cash on hand, .
.
.
.

220,000 00

26,845 41
2,946 51
6,000 63

$4,860,732 76

$4,860,732 76

*

$4,604,940 21

Taken to secure indebtedness.

Cash on Deposit in Banks, amount in each: —
National Bank of Redemption, Boston,
National Exchange Bank, Boston,
.
Pynchon National Bank, Springfield, .
Bristol County National Bank, Taunton,


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

.
.
.
.

.
.
.
.

.
.
.
.

.
.
.
.

.
.
.
.

.
.
.
.

.
.
.
.

$14,723 47
35,935 57
50,000 00
26,224 88

[Pub. Doc

REPOET OF THE

66

Bristol County Savings Bank — Continued.
Loans on Bank Stock, amount on each: —
50 shares Taunton National Bank, T a u n t o n ,............................................. $5,000 00
9 shares Bristol County National Bank, T a u n to n ,....................................
75 00
5 shares Merchants’ National Bank, New B edford,................................
5 shares First National Bank, New B e d f o r d ,........................................ I
600 00
2 shares Mechanics’ National Bank, New B edford ,................................ J

D etailed Statem ent o f P u blic F u nd s.

Par Value.

City of Boston, Mass., 4s,
of Brockton, Mass., 4s,
of Brockton, Mass., 5s,
of Chelsea, Mass., 4s,
of Chicago, 111., 4s, .
of Cleveland, Ohio, 4s,
of Columbus, Ohio, 4s,
of Dayton, Ohio, 4s,
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£s, .
of Lynn, Mass., 4s, .
of Malden, Mass., 4s,
of Manchester, N. H ., 4s, .
of Minneapolis, Minn., 4s,
of New Bedford, Mass., 4s,
of New Bedford, Mass., 5s,
of New London, Conn., 4s,
of Newport, R. I., 4s,
of Newton, Mass., 4s,
of Pawtucket, R. I., 4s,
of Providence, R. I., 5s, .
of Somerville, Mass , 4s, .
of Springfield, Ohio, 4£s, .
of Taunton, Mass., 4s,
of Woonsocket, R. I., 4s, .
Town of Cranston, R. 1 , 4s,
of Rockland, Mass., 4s, .
State of Massachusetts 3£s,


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

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

Estimated
Market Value.
$50,375
32,350
21,050
53,500
108,250
51,050
51,550
20,450
56,000
26,250
55,500
54,000
26,250
28,000
20,800
53,000
27,000
27,500
39,800
15,675
32,500
10.400
55,000
20,800
53,350
20,800
22,080
54,950
53,200
53,250
20,950
56,000

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

Amount Invested.

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

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

$1,185,000 $1,271,630 00 $1,185,000 00
*

Legal investments when made.

No. 8 .]

67

S A Y IN G S B A N K COM M ISSIONERS

Bristol County Savings B an k— Continued.

No. of I
Shares. I

Detailed Statement o f Bank Stocks.

100
100
100
50
50
25
100
100
100
31
100
100
150
100
50
100
50
150
100
100
100
100
50
100
100
100
100
50
100
25
100
50
30
100
150
150
100

Par Value.

Atlantic Nat’l Bank, Boston, .
Atlas National Bank, Boston, .
Boston National Bank, Boston,
Boylston Nat’l Bank, Boston, .
Columbian N ’l Bank, Boston,.
Eliot National Bank, Boston, .
Everett Nat’l Bank, Boston, .
Faneuil Hall N ’l Bank, Boston,
First National Bank, Boston, .
Freeman’s N ’l Bank, Boston, .
Hamilton Nat’l Bank, Boston,.
Howard Nat’l Bank, Boston, .
Merchants’ N ’l Bank, B oston,.
Metropolitan N ’l B’k, Boston,.
Mt. Vernon N ’l Bank, Boston,
N ’l B’k of Commerce, Boston,
N ’l B'k of No. America, Boston,
N ’l B’k of Redemption, Boston,
N ’l B’k of the Republic, Boston,
National Eagle Bank, Boston, .
Nat’l Exchange Bank, Boston,
N ’l Hide & Leather B’k, Boston,
Nat’l Rockland Bank, Boston, .
National Union Bank, Boston,.
North National Bank, Boston,.
People’s Nat’l Bank, Boston, .
Second National Bank, Boston,
Shawmut Nat’l Bank, Boston,.
State National Bank, Boston, .
Tremont Nat’l Bank, Boston, .
Washington N ’l Bank, Boston,
Fii’st National Bank, Chelsea,.
First N ’l Bank, North Easton,.
Bristol Co. N ’l Bank, Taunton,
Machinists’ N ’l Bank, Taunton,
Taunton Nat’l Bank, Taunton,
Third Nat’l Bank, Springfield,


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

$10,000
10,000
10,000
5,000
5,000
2,500
5,000
10,000
10,000
3,100
10,000
10,000
15,000
10,000
5,000
10,000
5,000
15,000
10,000
10,000
10,000
10,000
5,000
10,000
10,000
10,000
10,000
5,000
10,000
2,500
10,000
5,000
3,000
10,000
15,000
15,000
10,000
$321,100

Estimated
Market Value.

$11,200
10,900
9,925
6,050
4,850
3,250
4,000
12,575
19,500
3,100
11,400
9,725
23,250
9,100
4,812
10,550
5,112
16,987
14,325
8,800
13,050
10,675
6,200
13,325
10,200
12,000
17,400
6,100
11,175
1,775
11,275
5,000
3,750
12,500
24,750
22,500
22,000

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

$403,087 50

Amount Invested.

$10,000
10,000
10,000
5,000
5,000
2,500
5,000
10,000
20,000
3,100
10,000
10,000
20,000
10,000
5,000
10,000
5,000
15,000
10,000
10,000
10,000
10,000
5,000
10,000
10,000
10,000
15,000
5,000
10,000
2,500
10,000
5,000
3,000
10,000
15,000
15,000
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

$341,100 00

68

[Pub. Doc

REPORT OF THE

Bristol County Savings Bank — Continued.
Detailed Statement o f Railroad Ronds.

Par Value.

Boston, Clinton, Fitchburg & New
Bedford R.R. 5s, .
Boston & Lowell R.R. 4 s ,.
Boston & Maine R R. 4s, .
Boston & Providence R.R. 4s, .
Concord & Montreal R.R. 4s, .
Fitchburg R.R. 4s, .
.
Fitchburg R.R. 5s, .
Maine Central R.R. 4s,
Maine Central R.R. 4^s, .
New York, New Haven & Hartford
R.R. 4 s , ..................................................
Old Colony R.R. 4s, .
Vermont & Massachusetts R.R. 5s, .
Worcester, Nashua & Roch. R R . 4s,

Estimated
Market Value.

Amount Invested.

$50,000
50,000
50,000
50,000
50,000
40,000
60,000
25,000
25,000

$57,000
52,000
56,000
54,500
54,000
42,500
64,700
26,250
27,500

00
00
00
00
00
00
00
00
00

$50,000
50,000
50,000
50,000
50,000
40,000
60,000
25,000
25,000

00
00
00
00
00
00
00
00
00

50,000
150,000
20,000
50,000

56,000
169,500
21,200
53,400

00
00
00
00

50,000
150,000
20,000
50,000

00
00
00
00

$670,000

$734,550 00

$670,000 00

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

Bate.

Amount.

$26,224
50,659
53,850
45,000
452,000

88
04
00
00
00

lè per cent.

2
3è
3|
4

“
“
“
“

Bate.

Amount.

$75,000
241,400
298,600
99,600

00
00
00
00

4J per cent.
44
“
41
“
4§
“

$362,400
57,650
184,295
579,360

i,
Aggregate amount of the s a m e , .............................................
Total number of loans upon real estate, ' .
Gross amount of interest or profits received or earned, as pei
during year ending Oct. 31, 1898,
.
.
.
.
.
.
Times for the dividends fixed by the by-laws: April 1 and Octobt
Rate and amount of each semi-annual dividend f 2 per cent., $18
during the year ending Oct. 31, 1898,
.
\ 2 per cent., 8
Number of accounts opened during the year ending Oct. 31, 1898,
Number of accounts closed during the year ending Oct. 31, 1898,
Total number of open accounts Oct. 31,1898,
.
.
.
.

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, 1898,


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

Rate.

Amount.

5 per cent.
“
»
“

6*

5Ä
6

$25,000
30,000
31,500
500

00
00
00
00

650
565,575 00

. 695
books,
219,501 39
1,

,622 15 1
176,340 10
,717 95 Ì
1,153
1,114
11,012

No. 8 .]

SA Y IN G S B A N K CO M M ISSION ERS.

69

Bristol County Savings Bank — Concluded.
Total expenses of the corporation for the year ending Oct. 31, 1898 (ex­
clusive of taxes),
..........................................................................................$8,715 27
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 8 9 8 ,..........................................................................................
637,648 38
Number of s a m e ,.................................................................................7,746
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 8 9 8 , ...................................................................................................
687,259 82
Number of s a m e , ...............................................................
8,436
Date of examination by commissioner: May 16.


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

70

[Pub. D oc

R E P O R T O F TH E

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.

Present number of corporators, 20.

A l f r e d A . L a m p r e y , President.
G il b e r t E . H o o d , Treasurer.
G il b e r t E. H o od , Clerk o f the Corporation.

Names of committee charged with the investment of its funds:
A l f r e d A. L a m p r e y ,
C. A. D e C o u r c y ,
A . A . C u r r ie r ,
W . F. R u t t e r ,
J. W . H ig g i n s .

Open for business every business day except Saturdays, 9
9 a . m . to 12 m . ; 2 to 3 p . m .

a

.m .

to 1 p . m . ; Saturdays,

B a l a n c e S h e e t O c t o b e r 31,1898.

A ssets.

Public funds, as per schedule, .
Bank stock, as per schedule,
Loans on bank stock,
Railroad bonds, as per schedule,
Loans on real estate, .
Loans on personal security,
Loans on depositors’ books,
Deposits in banks, on interest, .
Cash on hand, .
.
.
.

L ia b il it ie s .

$184,000
114.000
55,950
245.000
737,650
373,400
175
96,093
2,950

00
00
00
00
00
00
00
34
65

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

$1,682,175 93
73,350 00
26,900 56
20,000 00

6,792 50

$1,809,218 99

$1,809,218 99

Cash on Deposit in Banks, amount in each: —
Arlington National Bank, Lawrence,
Lawrence National Bank, Lawrence,

.
.

.
.

$25,000 00
71,093 34

.

$3,500 00

Loans on Bank Stock, amount on each: —
50 shares Arlington National Bank, Lawrence,
33 shares Arlington National Bank, Lawrence,
12 shares Lawrence National Bank, Lawrence,


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

.

* Since reduced within the legal limit.

•I

4,500 00*

No. 8 .]

SA Y IN G S B A N K COM M ISSIONERS

71

Broadway Savings Bank — Continued.
29
10
10
3
9
11
10
6

100
150
200

]

shares Lawrence National Bank, Lawrence, .
.
.
.
shares Arlington National Bank, Lawrence, .
.
.
.
shares Merchants’ National Bank, Lawrence,
shares Bay State National Bank, Lawrence, .
.
.
.
shares Methuen National Bank, Methuen,
.
.
.
.
shares Lawrence National Bank, Lawrence, .
.
.
.
shares Lawrence National Bank, Lawrence, .
.
shares Methuen National Bank, Methuen..............................
shares Methuen National Bank, Methuen,
.
.
.
.
shares Mechanics’ National Bank, Boston, .
.
.
.
shares Broadway National Bank, Boston,
.
.
.
.

I-

$4,300 00

J
1,000 00

300 00
350 00
8,000 00

14.000 00

20.000 00

Detailed Statement o f Public Funds.

Par Value.

City of Chicago, 111, 4s, .
of Concord, N. H., 4s,
.
of East Providence, R. I., 4s,
of Lynn, Mass., 4s, .
of Marlborough, Mass., 4s,
of Peoria, 111., 4£s, .
Town of Ft. Fairfield, Me., 4ès,
of Methuen, Mass., 4s, .
of Watertown, Mass., 4s,
County of Aroostook, Me., 4^s,

.

$25,000
25.000
55.000
15.000
5.000
24.000
14.000
10.000
1.000
10,000
$184,000

*

Estimated
Market Value.

$27,500
27,687
56,925
16,575
5,325
24,915
14,175
10,675
1,012
10,800

00
50
00
00
00
00
00
00
50
00

$195,590 00

Amount Invested*

$25,000
25.000
55.000
15.000
5.000
24.000
14.000
10.000
1.000
10,000

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

$184,000 00

Legal investments when made.

No. of
Shares.

Detailed Statement o f Bank Stocks.

50
33
50
50
50
50
100
50
44

Par Value.

Eliot National Bank, Boston, .
Globe National Bank, Boston,
Hamilton Nat’l Bank. Boston,
Howard Nat’l Bank, Boston, .
Manufacturers’ N ’l B’k, Boston,
Market National Bank, Boston,
N ’ l Rank of Commerce, Boston,
N ’l B’k of No. America, Boston,
National City Bank, Boston, .


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

$5,000
3,300
5,000
5,000
5,000
5,000
10,000
5,000
““

Estimated
Market Value.

$6,500
3,300
5,700
4,862
5,000
3,850
10,550
5,112
* 220

00
00
00
50
00
00
00
50
00

Amount Invested.

$5,000
3,300
5,000
5,000
5,000
5,000
10,000
5,000

00
00
00
00
00
00
00
00

[Pub. D oc

R E P O R T O F TH E

72

Broadway Savings Bank — Continued.

No. of
Shares.

Detailed Statement o f Bank Stocks — Concluded.

50
15
33
76
100
50
66
85
64
140

Estimated
Market Value.

Par Value.

National Eagle Bank, Boston,.
N’l Hide & Leather B’k, Boston,
Nat'l Webster Bank, Boston, .
Shawmut Nat’l Bank, Boston,.
Shoe & Leather N ’l B’k, Boston,
State National Bank, Boston, .
Suffolk National Bank, Boston,
Tremont Nat’l Bank, Boston, .
Bay State N ’l Bank, Lawrence,
Lawrence N ’l Bank, Lawrence,

$4,400
1,601
3,374
9,272
10,200
5,587
6,996
6,035
7,552
16,520

$5,000
1,500
3,300
7,600
10,000
5,000
6,600
8,500
4,800
14,000
$109,600

Amount Invested.

$5,000
1,500
3,300
7,600
10,000
5,000
6,600
8,500
4,800
14,000

00
25
25
00
00
50
00
00
00
00

00
00
00
00
00
00
00
00
00
00

$109,600 00

$116,633 00

Detailed Statement o f Railroad Bonds.

Par Value.

Boston & Albany R.R. 5s,
Boston & Lowell R R. 4s,
Boston & Maine R.R. 4s, .
Boston & Providence R.R. 4s, .
Concord & Montreal R.R. 4s, .
Fitchburg R.R. 5s....................................
Old Colony R.R. 4s, .

$10,000
50.000
10.000
50.000
50.000
50.000
25.000
$245,000

Estimated
Market Value.

$10,525
52,375
11,225
54,500
54,000
55*750
28,250

Amount Invested.

00
00
00
00
00
00
00

$266,625 00

$10,000
50.000
10.000
50.000
50.000
50.000
25.000

00
00
00
00
00
00
00

$245,000 00

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

Kate.

Amount.

$96,093
118,000
50,000
233,000

34
00

00
00


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

34 per cent.
4
“
“
44
“

Amount.

$37,000 00
649,225 00
20,375 00
10,000 00

Kate.

4| per cent.
5
54
“
5§
»

Kate.

Amount.

$46,430 00
445 00
2,700 00

6

64
7

per cent.
“

No. 8 .]

SA V IN G S B A N K COM M ISSION ERS

73

Broadway Savings Bank — Concluded.
Number of loans which are of an amount not exceeding $3,000 each, 285
Aggregate amount of the same,
.
.
.
............................................. $387,525 00
Total number of loans upon real e s t a t e , .............................................337
Gross amount of interest or profits received or earned, as per books,
.
.
81,283 35
during year ending Oct. 31, 1 8 9 8 , .................................... .
Times for the dividends fixed by the by-laws: third Wednesday in April
and October.
Rate and amount of each semi-annual dividend c 2 per cent., $31,261 91
| 62,752 86
during the year ending Oct. 31, 1898, .
.
( 2 per cent., 31,490 95
Number of accounts opened during the year ending Oct. 31, 1898,
. 997
Number of accounts closed during the year ending Oct. 31, 1898,
. 917
Total number of open accounts Oct. 31, 1898,
.
.
.
.
3,877
Total expenses of the corporation for the year ending Oct. 31, 1898 (ex­
5,105 66
clusive of taxes),..................................................................................................
Amount of deposits, not including dividends, received during the year
421,736 08
ending Oct. 31, 1898...............................................................................................
Number of same...................................................................................... 4,629
Amount of withdrawals, including dividends, during the year ending
427,317 34
Oct. 31, 1 8 9 8 , ..................................................................................................
Number of s a m e , .................................................................................3,531
Date of examination by commissioner: February 28.


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

74

R E P O E T O F TH E

[Pub. Doc

BR OCKTON S A V IN G S B A N K — BROCKTON.

Incorporated March 3, 1881.

Present number of corporators, 48.

B a a l is S a n f o r d , President.
C h a r l e s C . C h o o k e r , Treasurer.
E d w a r d M. T h o m p so n , Clerk o f the Corporation.

Names of committee charged with the investment of its funds :
D a v is S. P a c k a r d ,
E nos H. R e y n o l d s ,
B r a d f o r d E . J o n es ,
B a a l is S a n f o r d ,
A . C r a n st o n T h o m pso n .

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

a .m .

to 2

p .m .

; Satur­

B a l a n c e S h e e t O c t o b e r 31,1898.

A ssets.

Public funds, as per schedule, .
Bank stock, as per schedule,
Railroad bonds, as per schedule,
Real estate (for banking pur­
poses), ....................................
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Deposits in banks, on interest, .
Expense account,
Premiums,....................................
Furniture and fixtures,
Cash on hand, .
.
.
.

L ia b il it ie s .

$336,820 00
19,900 00
283,000 00
88,000 00

4,311
1,139,175
414.475
58,105
434
12,922
5,000
11,429

30
00
00
40
51
09
00
11

$2,373,572 41

Deposits, .
Guaranty fund,
Interest account,
Profit and loss ac­
count, .
Suspense account, .
Bank liquidation ac­
count, .
R e a l estate income
account,

$2,281,134 69
80,000 00
1,889 76
10,000 00
201 16

102 25
244 55

$2,373,572 41

Cash on Deposit in Banks, amount in each: —
Brockton National Bank, Brockton,
Home National Bank, Brockton, .
Massachusetts Loan and Trust Company, Boston,


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

$8,799 16
34 306 24
15,000 00

No. 8 .]

75

S A Y IN G S B A N K COM M ISSION ERS

Brockton Savings Bank — Continued.
Detailed Statement o f Public Funds.

Par Value.

City of Biddeford, Me., 4s,
of Brockton, Mass , 4s,
of Brockton, Mass., 5s,
of Cleveland, Ohio, 5s,
of Fall River, Mass., 4s, .
of Indianapolis, Ind., 4s, .
of Newton, Mass., 4s,
of Somerville, Mass., 4s, .
Town of Melrose, Mass., 4s, .
of Middleborough, Mass., 4s,
County of Aroostook, Me., 4Js,
of Middlesex, Mass., 4s,
District of Columbia 6s, .
of Columbia 7s, .

$1,000
117,120
5,700
25,000
25,000
35,000
25,000
21,000
25,000
5,000
12,000
30,000
7,000
3,000
$336,820

*

Estimated
Market Value.

$1,012
122,568
5,814
26,937
28,750
38,587
28,937
21,910
28,000
5,355
12,960
30,725
7,700
3,300

50
70
00
50
00
50
50
00
00
00
00
00
00
00

$362,557 70

Amount Invested-

$1,000
117,120
5,700
25,000
25,000
35,000
25,000
21,000
25,000
5,000
12,000
30,000
7,000
3,000

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

$336,820 00

A legal investment when made.

Detailed Statement o f Railroad Bonds.

Par Value.

10
10
100
9
50
20

N ’l B’k of No. America, Boston,
Shawmut Nat’ l Bank, Boston,.
Third National Bank, Boston,.
Tremont Nat’l Bank, Boston, .
Brockton N ’l Bank, Brockton,.
Home Nat’l Bank, Brockton,

$1,000
1,000
10,000
900
5,000
2,000
$19,900

Estimated
Market Value.

$1,022
1,220
8,925
639
6,000
3,500

50
00
00
00
00
00

$21,306 50

Amount Invested.

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

00
00
00
00
00
00

$19,900 00

Detailed Statement o f Railroad Bonds.

Par Value.

Boston, Clinton, Fitchburg & New
Bedford R.R 5s...................................
Boston & Lowell R.R. 4s,.
Boston & Lowell R.R. 5 s ,.
Boston & Maine R.R. 4s, .


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

$11,000
25,000
1,000
30,000

Estimated
Market Value.

$12,595
26,962
1,007
32,750

00
50
50
00

Amount invested.

$11,000
25,000
1,000
30,000

00
00
00
00

76

[Pub. D oc.

R E P O R T O F TH E

Brockton Savings Bank — Continued.
Detailed Statement o f Railroad Bonds — Concluded.

Par Value.

Concord & Montreal R.R. 4s, .
Conn. & Passumpsic Rivers R.R. 4s,
Fitchburg R.R. 5s, .
.
.
.
Maine Central R.R 6s,
Maine Central R R 7s,
Newport & Richford R.R. 5s, .
Old Colony R R. 4s.................................
Penobscot Shore Line R.R, 4 s , .
Rumford Falls & Rangeley Lakes
R.R 5 s , ..................................................
St. Johnsbury & Lake Champlain
R.R. 5s, ..................................................
Vermont & Massachusetts R.R. 5s, .
Worcester, Nashua & Roch. R.R. 4s,

$10,000
20,000
40,000
3,000
25,000
6,000
33,000
22,000

Estimated
Market Value.

$10,800
22,600
41,557
3,135
34,000
6,540
37,030
22,990

00
00
50
00
00
00
00
00

Amount Invested.

$10,000
20,000
40,000
3,000
25,000
6,000
33,000
22,000

00
00
00
00
00
00*
00
00

10,000

11,700 00

10,000 00

25,000
9,000
13,000

32,250 00
9,540 00
13,910 00

25,000 00
9,000 00
13,000 00

$283,000

$319,367 50

$283,000 00

* A legal investment when made.

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

Kate.

Amount.

Kate.

l j per cent.
“
“

$147,000 00

4.1 per cent.
4h
“
5
“

Amount.

$43,105 40
15,000 00
125,000 00

24

4

120,000 00

894,700 00

Amount.

$11,350 00
254,100 00
1,500 00

Rate.

5£ per cent.
6
“
H
“

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, 1898,
Value, by books, of other real estate, held or owned by foreclosure or
o th erw ise,............................................................................................................
Assessed value of the s a m e ,.................................................................................
Number of loans which are of an amount not exceeding $3,000 each, 441
Aggregate amount of the s a m e , ........................................................................
Total number of loans upon real e s t a t e , .............................................492
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1 8 9 8 , ...............................................................
Times for the dividends fixed by the by-laws : April 15 and October 15.
Rate and amount of each semi-annual dividend f 2 per cent., $41,276 91 }
during the year ending Oct. 31, 1898,
.
. 1 2 per cent., 42,851 52 >


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

$ 88,000 00
100,000 00

96,750 00
2,915 66
4,311 30
3,250 00
479,150 00

106,613 30
84,128 43

No. 8 .]

S A Y IN G S B A N K CO M M ISSION ERS.

77

Brockton Savings Bank — Concluded.
Number of accounts opened during the year ending Oct. 31, 1898,
1,089
Number of accounts closed during the year ending Oct. 31, 1898,
1,510
Total number of open accounts Oct. 31, 1898,
.
.
.
.
9,887
Total expenses of the corporation for the year ending Oct. 31, 1898 (ex­
clusive of taxes),
........................................................................ «
Amount of deposits, not includingdividends, receivedduringthe year
ending Oct. 31, 1898................................................. ........
Number of s a m e ,.........................................................................11,178
Amount of withdrawals, includingdividends, during theyear ending
Oct. 31, 1898............................................................................................................
Number of s a m e , .........................................................................10,018
Date of examination by commissioner : March 4.


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

$7,332 37
627,552 83

013,729 07

78

R E P O R T O F TH E

[Pub. D oc

B R O O K LIN E S A V IN G S B A N K -B R O O K L I N E .

Incorporated Feb. 24, 1871.
W

il l ia m

Present number of corporators, 34.

HL. L in c o l n , President.
W i l l i a m E . L in c o l n , Treasurer.
W il l i a m E . L in c o l n , Clerk o f the Corporation.

Names of committee charged with the investment of its funds:
C h a u l e s H. S t e a k n s ,
T h o m a s P. R it c h i e ,
N a t h a n ie l L y f o r d ,

B. W . N e a l ,
W il l i a m E . L in c o l n ,
E d w a r d M. F a r n s w o r t h .

Open for business every business day, 9 a .m . to 1 p . m . ; also Mondays and Wednes­
days, 3 to 5 p . m . ; Saturdays, 6 to 8 p . m .

B a l a n c e S h e e t O c t o b e r 31, 1898.

A ssets.

L ia b il it ie s .

Public funds, as per schedule, .
Bank stock, as per schedule,
Railroad bonds, as per schedule,
Loans on railroad stock, .
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 ) ,....................................
Deposits in banks, on interest, .
Expense account,
Taxes paid,
.
.
.
.
Cash on hand, .
.
.
.

$121,700 00
23,695 75
103,512 50
2,000 00

52,687 50
19,268 39
909,522 10
148,000 00
44,200
35,882
751
1,431
1,418

Deposits, .
Guaranty fund,
Interest account,
Profit and loss ac­
count, .
Uncompleted mort­
gage loans, .
Bank liquidation ac­
count, .
,

$1,415,681 41
25,580 00
14,936 74
4,044 64
3,500 00
326 40

00
53
19
10
13

$1,464,069 19

$1,464,069 19

Cash on Deposit in Banks, amount in each : —
Central National Bank, B o s t o n ,........................................................................$9,291 65
Shawmut National Bank, Boston,........................................................................
10,752 78
Brookline National Bank, Brookline,
....................................
15,838 10
Loan on Railroad Stock : —
15

shares Boston & Albany R.R.,


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

$ 2,000 00

No. 8 .]

79

SA V IN G S B A N K COM M ISSIONERS

Brookline Sayings Bank — Continued.
D etailed Statem ent o f Public Fu nd s.

Par Value.

Town of
of
of
of
of

Brookline, Mass., 3 T4gS,
Brookline, Mass., 3 T9gS,
Brookline, Mass., 3|s,
Brookline, Mass., 4s, .
Kansas City, Mo., 4<£s,

$50,000
20,000
10,300
36,400
5,000
$121,700

Estimated
Market Value.

$50,793
20,221
10,346
37,305
5,650

74
38
75
00
00

$124,316 87

Amount Invested,

$50,000
20,000
10,300
36,400
5,000

00
00
00
00
00

$121,700 00

No. of
Shares.

D etailed Statem ent o f B a n k Stocks.

75
50
12
24
15
58
20

Par Value.

Central National Bank, Boston,
National City Bank, Boston, .
National Eagle Bank, Boston,
National Revere Bank, Boston,
Tremont Nat’l bank, Boston, .
Third National Bank, Boston,
Brookline N ’l B’k, Brookline,

$7,500
-

1,200
2,400
1,500
5,800
2,000
$20,400

Estimated
Market Value.

Amount Invested.

00
00
00
00
00
50
00

$ 11,400 oa

$21,280 50

$23,695 75

$8,925
250
1,056
2,208
1,065
5,176
2,600

-

1,200
2,400
1,500
5,195
2,000

00
00
00
75
00

D etailed Statem ent o f B ailroad Bonds.
>

Estimated
Market Value.

Amount Invested.

$10,000
55,000

$12,450 00
58,450 00

$10,000 00
56,012 50

10,000
15,000

11,325 00
16,650 00

10,000 00
15,000 00

10,000
2,500

12,900 00
2,500 00

10,000 00
2,500 00

$102,500

$114,275 00

$103,512 50

Par Value.

Boston & Maine R.R. 4«Js,
Fitchburg R.R, 4s, .
New York, New Haven & Hartford
R R. 4 s , ..................................................
Old Colony R.R. 4s, .
St Johnsbury & Lake Champlain
R.R. 5s, ..................................................
Upper Coos R R. 4s, .


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

80

R E P O R T O F TH E

[Pub. D oc.

Brookline Savings Bank — Concluded.
Total A m ou nt o f L oa n s, with Each Specified R ate o f Interest.

Amount.
$35,882
85.000
25.000
47,500

Rate.
53
00
00
00

2 per cent, i '
4
“
4J
“
4Ji

Rate.

Amount.

$44,200 00
15,000 00
768,916 50

4J* per cent.
4f

5

»

Amount.
$30,000 00
33,000 00
55,105 60

Rate.
5| per cent.
5è

6

“
“

“

Amount invested in real estate for banking purposes,.................................... $ 19,268 39
Estimated value of the s a m e , ........................................................................
20,000
Assessed value of the s a m e ,.................................................................................
4,000
Net income received from same during year ending Oct. 31, 1898,
.
.
165
Number of loans which are of an amount not exceeding $3,000 each,
92
Aggregate amount of the same...............................................................................
152,000
Total number of loans upon real e s t a t e , ............................................. 196
Amount of investments from which no income is received, .
.
.
.
19,268
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1 8 9 8 , ...............................................................
60,347
Times for the dividends fixed by the by-laws: second Monday in January
and July.
Rate and amount of each semi-annual dividend f 2 per cent., $22,790 80 1
during the year ending Oct. 31, 1898,
.
. 1 2 per cent., 24,491 19 i
Number of accounts opened during the year ending Oct. 31, 1898,
1,285
Number of accounts closed during the year ending Oct. 31, 1898,
. 791
Total number of open accounts Oct. 31, 1898,
.
.
.
.
6,596
Total expenses of the corporation for the year ending Oct. 31, 1898 (ex­
clusive of taxes).....................................................................................................
3,625
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 8 9 8 ,..........................................................................................
416,296
Number of same,
........................................................................8,644
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1898............................................................................................................
278,197
5,138
Number of s a m e , ............................................. .........
Date of examination by commissioner : January 25.


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

00
00
58
00
39
02

86

07

76

No. 8 .]

81

SA Y IN G S B A N K CO M M ISSION ERS.

CAM BR ID G E S A V IN G S B A N K — CA M B R ID G E .

Incorporated April 2, 1834.
C h a r l e s W . S e v e r , President.
Ja m e s H . W

Present number of corporators, 40.
O s c a r F. A l l e n , Treasurer.

yeth,

Clerk o f the Corporation.

Names of committee charged with the investment of its funds :
A n d r e w S. W a i t t ,
E d w in D re sse r ,

J o h n T. G. N ic h o l s ,
E d w a r d R. C o g s w e l l ,

Ch arles W . Sever,

W

alter

Open for business every business day, 8

B

alance

S. S w a n .

a .m .

S h e e t O c t o b e r 31, 1898.

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,
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,
Suspense account,
Cash on hand, .
.
.
.

to 1 p . m .

$278,800
194,701
500
306,500

00
00
00
00

100,000 00

95.000
19,469
2,501,932
281,650

00
43
00
00

55.000
500
52,188
5,000
2,709
287
3,083

00
00
38
00
78
78
76

$3,694,243 16
143,700 00
39,403 89

Deposits, .
Guaranty fund,
Interest account,
Profit and loss ac­
count, .
Bank building rents,
Bank liquidation ac­
count, .

13,631 77
401 05
5,942 26

$3,897,322 13

$3,897,322 13

Cash on Deposit in Banks, amount in each: —
Charles River National Bank, Cambridge, .
.
.
.
National City Bank, Cambridge, .
.
.
.
.
.
Cambridge Safe Deposit and Trust Company, Cambridge, .

.

$32,188 38
5,000 00
20,000 00

Loan on Bank Stock : —
5

shares Charles River National Bank, Cambridge........................................$500 00


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

[Pub. D oc

R E P O R T O F TH E

82

Cambridge Savings Bank — Continued.
D etailed Statem ent o f Publie Fu nd s.
Estimated

Par Value,

City of Boston, Mass., 5s,.
of Bridgeport, Ct., 4s,
of Cambridge, Mass., 4s, .
of Cambridge, Mass., 6s, .
of Chicago, 111., 7s, .
of Cleveland, Ohio, 5s,
of Dover, N. IL, 4s, .
of Fall River, Mass., 6s, .
of Fort W ayne, Ind , 6s, .
of Grand Rapids, Mich., 4js,
of Indianapolis, Ind., 4s, .
of Portsmouth, N. I I , 4 s , .
of Providence, R. I., 5s, .
of Saginaw, Mich., 4ès, .
of Saginaw, Mich., 5s,
of Springfield, Mass., 7s, .
Town of Brookline, Mass., 4s, .
of Mansfield, Mass., 4s, .
of Marblehead, Mass., 4s,
of Westborough, Mass., 5s,
of Westport, Mass., 4s, .
United States ¿3s,

j Market Value.

$2,000
25,000
25,000
8,000
6,000
8,000
10,000
20,000
1,000
25,000 '
20,000
25,000
27,000
25,000
1,000
1,000
8,000
9,500
1,000
14,000
12,000
5,300
$278,800

$2,205
27,062
28,687
9,115
6,080
8,380
10,325
22,750
1,020
27,937
21,700
26,500
27,942
26,462
1,077
1,172
8,187
10,402
1,072
15,820
12,200
5,578

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

$301,678 00

Amount Invested.

$2,000
25,000
25,000
8,000
6,000
8,000
10,000
20,000
1,000
25,000
20,000
25,000
27,000
25,000
1,000
1,000
8,000
9,500
1,000
14,000
12,000
5,300

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

$278,800 00

No. of
Shares.

D etailed Statem ent o f B a n k Stocks.

159
225
107
42
5
69
93
126
58
194

Par Value.

Atlas National Bank, Boston, .
Boston National Bank, Boston,
Eliot National Bank, Boston, .
Faneuil Hall N ’l Bank, Boston,
Freeman’s Nat’l Bank, Boston,
Globe National Bank, Boston,.
Hamilton Nat’l Bank, Boston,.
Howard Nat’l Bank, Boston, .
Market National Bank, Boston,
Merchants’ N ’l Bank, B oston,.


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

$15,900
22,500
10,700
4,200
500
6,900
9,300
12,600
5,800
19,400

Estimated
Market Value.

$17,331
22,331
13,910
5,281
500
6,900
10,602
12,253
4,466
30,070

00
25
00
50
00
00
00
50
00
00

Amount Invested.

$15,900
22,500
10,700
4,200
500
6,900
9,300
12,600
5,800
21,401

00
00
00
00
00
00
00
00
00
00

No. 8 .]

83

S A Y IN G S B A N K CO M M ISSION ERS

Cambridge Savings Bank — Continued.

No. of
Shares.

D etailed Statem ent o f B ank Stocks — Concluded.

125
11
11
28
97
30
5
10
50
96
100
58
42
60
50
46
50

Par Value.

N ’l Bank of Commerce, Boston,
National Eagle Bank, Boston,.
Nat'l Exchange Bank, Boston,
N ’l Hide & Leather B’k, Boston,
National Revere Bank, Boston,
Nat’l Rockland Bank, Boston,.
National Union Bank, Boston,.
Shawmut Nat’l Bank, Boston,.
State National Bank, Boston, .
Suffolk National Bank, Boston,
Third National Bank, Boston,.
Tremont Nat’l Bank, Boston, .
Charles River National Bank,
Cambridge, .
.
.
.
First Nat’l Bank, New Bedford,
National Bank of Commerce,
New Bedford,
Newton Nat’l Bank, Newton, .
Naumkeag Nat’l Bank, Salem,

$12,500
1,100
1,100
2,800
9,700
3,000
500
1,000
5,000
9,600
10,000
5,800

Estimated
Market Value.

$13,187
968
1,435
2,989
8,924
3,720
666
1,220
5,587
10,176
8,925
4,118

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

Amount Invested.

$12,500
1,100
1,100
2,800
9,700
3,000
500
1,000
5,000
9,600
10,000
5,800

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

4,200
6,000

6,300 00
7,500 00

4,200 00
6,000 00

3,000
4,600
5,000

1,750 00
4,140 00
6,000 00

3,000 00
4,600 00
5,000 00

$192,700

$211,252 00

$194,701 00

D etailed Statem ent o f B ailroad Bonds.

Par Value.

Boston & Lowell R R. 5 s ,.
Boston & Maine R.R 4s, .
Concord & Montreal R.R. 4s, .
Conn. & Passumpsic Rivers R.R. 4s,
Fitchburg R.R. 5s,
Maine Central R.R. 4£s, .
Maine Central R.R. 7s,
Penobscot Shore Line R R. 4s, .
Portland & Ogdensburg R.R. 6s,
Upper Coos R R. 4£s,
Vermont & Massachusetts R.R. 5s, .


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

$3,000
25,000
26,000
25,000
125,000
25,000
16,500
25,000
9,000
25,000
2,000
$306,500

Estimated
Market Value.

$3,030
27,500
28,080
27,875
139,062
27,500
22,275
26,000
9,135
26,875
2,120

00
00
00
00
00
00
00
00
00
00
00

$339,452 00

Amount Invested.

$3,000
25,000
26,000
25,000
125,000
25,000
16,500
25,000
9,000
25,000
2,000

00
00
00
00
00
00
00
00
00
00
00

$306,500 00

[Pub. D oc.

R E P O R T O F TH E

84

Cambridge Savings Bank — Concluded.
Total A m ou nt o f L oan s, w ith E ach Specified B ate o f Interest.

Rate.

Amount.
$15,000
52,188
40.000
25.000
495,250

00
38
00
00
00

0 per cent.
2
“
3
3£

“
“

4

“

Rate.

Amount.
$405,000
505,000
1,284,307
26,725

00
00
00
00

4J per cent.
4¿
“
5
“
5¿
“

Amount.
$41,500
750
50
1,000

Rate.
00
00
00
00

6 per cent.
6é
“
7
7£
“

Amount invested in real estate for banking purposes.......................................
Estimated value of the same,.................................................................................
Assessed value of the same (building not completed), ....................................
Net income received from same during year ending Oct. 31, 1898,
Value, by books, of other real estate, held or otvned 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, 364
Aggregate amount of the same,
........................................................................
Total number of loans upon real e s t a t e , ............................................. 511
Amount of investments from which no income is received, .
.
.
.
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1898,
.
.
.............................................
Times for the dividends fixed by the by-laws: fourth Thursday in January
and July.
Rate and amount of each semi-annual dividend f 2 per cent., $66,896 05
¿
during the year ending Oct. 31, 1898,
.
l 2 per cent., 68,614 88
Number of accounts opened during the year ending Oct. 31, 1898,
1,303
Number of accounts closed during the year ending Oct. 31, 1898,
. 947
Total number of open accounts Oct. 31, 1898,
.
.
.
.
10,325
Total expenses of the corporation for the year ending Oct. 31, 1898 (ex­
clusive of taxes),...................................................................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 8 9 8 ,..........................................................................................
Number of s a m e , ................................................................................. 10,855
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 8 9 8 , ...................................................................................................
Number of same...................................................................................... 10,042
Date of examination by commissioner: May 17.


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

$95,000
95.000
79,200
401

00
00
00
05

19,469 43
30,500 00
444,132 00
15.000 00
166,524 26

135,510 93

8,683 82
705,710 04

661,379 05

No. 8 .]

85

S A Y IN G S B A N K CO M M ISSION ERS.

CAM BR IDGEPOR T

S A V IN G S

Incorporated Feb. 22, 1853.

B A N K — CAM BR ID G EPO R T.

Present number of corporators, 25.

D an a W . H y d e , President.
H e n r y W . B u l l a r d , Treasurer.
Jo siah F. L a n e , Clerk o f the Corporation.

Names of committee charged with the investment of its funds :
Dana W . H yd e ,
H e n r y E ndicott ,
F r e d e r ic k W . T ilton .

Open for business every business day, 8.30 a . m . to 1.30 p . m . ; also 6 to 8
Saturday of each month.

p.m .

the first

B alance Sheet October 31, 1898.

L ia b il it ie s .

A ssets.

Public funds, as per C5LUCUUIC/J
schedule, • $1,915,611 60
82,725 00
Bank stock, as per schedule,
3,000 00
Loans on bank stock,
9
3 9 fiflñ fifi
239,605
55
Railroad bonds, as per schedule,
212,000 00
Boston Terminal Co. bonds,
44.780 24
Real estate by foreclosure,
1,607,299 00
Loans on real estate, .
200,475
00
Loans on personal security,
Loans to counties, cities or towns
30,500 00
(notes), .
.
.
.
110,395 24
Deposits in banks, on interest,
2,500 62
Expense account,
3,002 39
Cash on hand, .
X U U l l L 1UI1U.&) c*s

$4,212,343 01
195,600 00
43,951 63

Deposits, .
Guaranty fund,
Interest account,

$4,451,894 64

$4,451,894 64

Cash on Deposit in Banks, amount in each : —
.

Cambridgeport National Bank, Cambridge, .
First National Bank, Cambridge, .
National City Bank, Cambridge, .

$30,000 00
50,395 24
30,000 00

Loan on Bank Stock : —
60 shares Middlesex County National Bank, Winchester,


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

.

$3,000 00

R E P O R T O F TH E

86

[Pub. D oc

Cambridgeport Savings Bank — Continued.
D etailed Statem ent o f P u blic F u nd s.

Par Value.

City of Bangor, Me., 4s, .
of Boston, Mass., 5s,
of Boston, Mass , 6s,
of Cambridge, Mass., 4 s ,.
of Chicago, 111., 7s, .
of Cleveland, Ohio, 3-65s,
of Cleveland, Ohio, 4s, .
of Cleveland, Ohio, 5s, .
of Columbus, Ohio, 4s, .
of Dayton, Ohio, 4s,
of Dayton, Ohio, 6s,
of Dover, N. IL, 4 s ,.
of Fall River, Mass., 4£s,
of Grand Rapids, Mich., 4s,
of Grand Rapids,Mich.,4ès.
of Haverhill, Mass., 4s, .
of Lawrence, Mass., 4s, .
of Lowell, Mass., 4s,
of Lynn, Mass., 4s, .
of Middletown, Conn., 4s,
of Minneapolis, Minn,, 4s,
of Minneapolis, M inn.,4is,
of New Bedford, Mass., 5s,
of New Britain, Conn., 4s,
of Newton, Mass., 4s,
of Newton, Mass., 6s,
of Pawtucket, R. I., 4s, .
of Peoria, 111., 4£s, .
of Providence, R. I., 5s, .
of Reading, Pa., 4s, .
of Somerville, Mass,, 4s, .
of Springfield, Ohio, 4ès,
of Woburn, Mass , 4s,
of Worcester, Mass., 5s, .
Town of Arlington, Mass., 4s,
of Beverly, Mass., 4s, .
of E. Providence,R. I.,4s,
of Kingston, Mass,, 4s, .
of Lincoln, R. L, 4s,
of Maynard, Mass., 4s, .
of Melrose, Mass , 4s, .
of Rockland, Mass., 4s, .
of So.Abington, Mass ,4s,
of Weymouth, Mass., 4s,
of Woonsocket, R. I., 4s,


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

$50,000 00
63,611 60
9,000 00
277,000 00
1,000 00
7,000 00
14,000 00
50,000 00
40,000 00
50,000 00
30,000 00
22,000 00
40,000 00
19,000 00
50,000 00
25,000 00
58,000 00
50,000 00
50,000 00
25,000 00
50,000 00
10,000 00
5,000 00
5,000 00
50,000 00
3,000 00
100,000 00
50,000 00
50,000 00
55,000 00
54,000 00
50,000 00
43,000 00
20,000 00
11,000 00
104,000 00
45,000 00
25,000 00
25,000 00
40,000 00
50,000 00
40,000 00
19,000 00
31,000 00
50,000 00

Estimated
Market Value.

$52,750 00
65,823 97
10,068 75
297,800 00
1,017 50
7,105 00
14,385 00
53,250 00
41,200 00
51,437 50
31,412 50
23,072 50
41,450 00
19,570 00
55,187 50
26,437 50
60,175 00
56,250 00
52,000 00
26,125 00
56,750 00
11,187 50
5,250 00
5,200 00
57,937 50
3,495 00
106,115 00
54,000 00
56,375 00
55,275 00
55,760 00
55,500 00
44,192 50
22,200 00
11,811 25
109,930 00
45,956 25
26,218 75
25,843 75
44,050 00
54,875 00
41,250 00
20,543 75
33,673 75
51,812 50

Amount Invested.

$50,000 00
63,611 60
9,000 00
277,000 00
1,000 00
7,000 00
14,000 00
50,000 00
40,000 00*
50,000 00*
30,000 00*
22,000 00
40,000 00
19,000 00
50,000 00
25,000 00
58,000 00
50,000 00
50,000 00
25,000 00
50,000 00
10,000 00
5,000 00
5,000 00
50,000 00
3,000 00
100,000 00*
50,000 00
50,000 00
55,000 00
54,000 00
50,000 00
43,000 00
20,000 00
11,000 00
104,000 00
45,000 00*
25,000 00
25,000 00
40,000 00
50,000 00
40,000 00
19,000 00
31,000 00
50,000 00*

$1,915,611 60 $2,041,720 22 $1,915,611 60
* Legal investments when made.

No. 8 .]

87

SA Y IN G S B A N K COM M ISSION ERS

Cambridgeport Savings Bank — Continued.

No. of
Shares.

D etailed Statem ent o f B a n k Stocks.

33
40
50
56
206
50
100
50
50
40
100
14

Tar Value.

Blackstone N ’l Bank, Boston, .
Eliot National Bank, Boston, .
Globe National Bank, Boston,
N ’l Bank of Commerce, Boston,
National Union Bank, Boston,
Nat’l Webster Bank, Boston, .
Suffolk National Bank, Boston,
Tremont Nat’l Bank, Boston, .
Washington N ’l Bank, Boston,
Cambridgeport National Bank,
Cambridge, .
.
.
.
First Nat’l Bank, Cambridge, .
Nat’l City Bank, Cambridge, .

Estimated
Market Value.

Amount Invested.

$3,300
4,000
5,000
5,600
20,600
5,000
10,000
5,000
5,000

$2,574
5,200
5,000
5,908
27,449
5,112
10,600
3,550
5,637

00
00
00
00
50
50
00
00
50

$3,300
4,000
5,000
5,600
20,600
5,000
10,000
5,000
5,000

00
00
00
00
00
00
00
00
00

4,000
10,000
1,400

5,000 00
17,000 00
2,170 00

4,000 00
13,825 00
1,400 00

$78,900

$95,201 50

$82,725 00

D etailed Statem ent o f R ailroad Bonds.

Par Value.

Boston & Maine R.R. 4s,
Eastern R.R. 6s,
Fitchburg R.R. 4s,
.
.
.
Fitchburg R.R. 5s,
.
.
.
Old Colony R.R. 4s,
Vermont & Massachusetts R.R. 5s,

$25,000
32,605
50.000
22.000
50.000
60.000

00
55
00
00
00
00

$239,605 55

Estimated
Market Value.

$28,468
38,474
51,250
23,057
51,437
63,525

Amount Invested.

75
55
00
50
50
00

$256,213 30

$25,000
32,605
50.000
22.000
50.000
60.000

00
55
00
00
00
00

$239,605 55

Total A m ou n t o f L oan s, w ith E ach Specified Rate o f In terest.

Kate.

Amount.

$110,395 24
270.000 00
111.000 00

2

per cent.

4
4^


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

“

Amount.

Rate.

$61,500 00
1,364,119 19
8,600 00

44 per cent.
5
5è
“

Amount.

$25,504 81
550 00

Rate.

6 per cent.
6è
«

88

R E P O R T O F TH E

[Pub. D oc.

Cambridgeport Savings Bank — 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, 425
Aggregate amount of the s a m e , ........................................................................
Total number of loans upon real e s t a t e , ............................................. 558
Amount of investments from which no income is received, .
.
.
.
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1 8 9 8 , ...............................................................
Times for the dividends fixed by the by-laws: third Wednesday in January
and July.
Hate and amount of each semi-annual dividend f 2 per cent., $78,377 39 ]
during the year ending Oct. 31, 1898,
.
1 2 per cent.,
78,793 33 J
Number of accounts opened duringthe year ending Oct.31, 1898,
1,475
Number of accounts closed duringthe year ending Oct.31, 1898,
1,139
Total number of open accounts Oct. 31, 1898,
.
.
.
.
13,320
Total expenses of the corporation for the year ending Oct. 31, 1898 (ex­
clusive of taxes).....................................................................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 8 9 8 ,..........................................................................................
Number of same............................................................................. 13,170
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1898............................................................................................................
Number of s a m e , ........................................................................11,859
Date of examination by commissioner: March 21.


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

$44,780 24
41,000 00
568,974 42
33,056 18
194,342 52

157,170 72

7,567 85
697,482271

730,957 14

No. 8 .]

89

SA V IN G S B A N K CO M M ISSION ERS.

CA N T O N IN S T IT U T IO N FOR S A V IN G S — C ANTON.

Incorporated March 4, 1835.

Present number of corporators, 24.

Chables E ndicott, President.
Nathaniel W . D unbab, Treasurer.
N athaniel W . D unbab, Clerk o f the Corporation.

Names of committee charged with the investment of its funds :

W illis S. Shepaed ,
N athaniel W . D unbab ,
F bancis D. D unbab ,
W illiam 0. Chapman ,
T homas E. Gboveb.

Open for business every business day except Saturdays, 8 a .m . to 12
4 p . m . ; Saturdays, 8 a .m . to 12 m .

m .;

1.30 to

B a l a n c e S h e e t O c t o b e r 31, 1898.

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 by foreclosure,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
( n o t e s ) ,....................................
Deposits in banks, on interest, .
Expense account,
Tax account,
.
.
.
.
Suspense account,
Cash on hand, .
.
.
.

$142,100
49,725
4,600
157,687
46,550
20,670
243,990
55,940

00
00
00
50
00
00
00
00

49,400
33,013
346
142
111
3,857

00
13
48
17
49
31

$808,133 08

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

$760,178 67
36,500 00
2,086 46
7,675 80
1,289 65
402 50

$808,133 08

Cash on Deposit in Banks, amount in each: —
Neponset National Bank, Canton,........................................................................ $18,013 13
National Bank of Redemption, Boston................................................................
15,000 00
Loan on Bank Stock: —
58 shares Neponset National Bank, C a n t o n , ............................................. $4,600 00


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

[Pub. D oc

R E P O R T O F TH E

90

Canton Institution for Savings — Continued.
D etailed Statem ent o f P u blic F unds.

Par Value.

City of Chicago, 111., 4s, .
of Lawrence, Mass., 4s, .
of Lynn, Mass., 3£s, .
of New Britain, Conn., 4s,
of Providence, R. I., 5s, .
of Woonsocket, R. I., 4s, .
Town of Canton, Mass., 4s,
of Natick, Mass., 4s,
of Orange, Mass., 4s,
County of Hampden, Me , 3s, .

$10,000
15,000
13,500
10,000
10,000
20,000
39,000
5,000
10,000
10,000
$142,500

Estimated
Market Value.

$10,750
15,600
13,500
10,650
11,200
22,000
42,510
5,550
11,100
9,800

00
00
00
00
00
00
00
00
00
00

$152,660 00

Amount Invested.

$10,000
15,000
13,500
10,000
10,000
20,000
39,000
5,000
10,000
9,600

00
00
00
00
00
00*
00
00
00
00

$142,100 00

* A legal investment when made.

No. of
Shares.

D etailed Statem ent o f B a n k Stocks.

25
17
25
25
33
50
50
25
17
17
25
127
50

Par Value.

Atlas National Bank, Boston, .
Blackstone N’l Bank, Boston, .
Central National Bank, Boston,
Freeman’s N ’l Bank, Boston. .
Globe National Bank, Boston,.
Market National Bank, Boston,
N ’l B’k of No. America, Boston,
National Eagle Bank, Boston,
National Webster B’k, Boston,
North National Bank, Boston, .
Shoe & Leather N ’l B’k, Boston,
Neponset N ’l Bank, Canton, .
Dedham Nat’l Bank, Dedham,

$2,500
1,700
2,500
2,500
3,300
5,000
5,000
2,500
1,700
1,700
2,500
12,700
5,000
$48,600

Estimated
Market Value.

$2,725
1,326
2,975
2,500
3,300
3,850
5,112
2,200
1,738
1,734
2,550
12,700
5,250

00
00
00
00
00
00
00
00
25
00
00
00
00

$47,960 25

Amount Invested.

$2,500
1,700
2,500
2,500
3,300
5,000
5,000
2,500
1,700
1,700
2,500
13,825
5,000

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

$49,725 00

D etailed Statem ent o f R ailroad Bonds.

Boston & Lowell R.R. 4 s ,.
Boston & Maine R.R. 4s, .
Boston & Providence R.R. 4s, .


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

Par Value.

Estimated
Market Value.

Amount Invested.

$20,000
20,000
20,000

$22,300 00
22,400 00
22,000 00

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

No. 8 .]

91

S A Y IN G S B A N K CO M M ISSIO N ERS.

Canton Institution for Savings — Concluded.
D etailed Statem ent o f R a ilroa d Bonds — Concluded.
Estimated
Market Value.

Amount Invested.

$10,000
5,500
20,000

$10,800 00
6,531 25
21,500 00

$10,000 00
5,500 00
20,000 00

20,000

21,900 00

20,000 00

20,000
20,000

22,700 00
22,250 00

22,187 50
20,000 00

$155,500

$172,381 25

$157,687 50

Par Value.

Concord & Montreal R.R. 4s, .
Eastern R.R. 6s,
.
.
.
.
Fitchburg R.R. 4s, .
Maine Central and European &
North American R.R. 4s,
New York, New Haven & Hartford
R R. 4 s , ..................................................
Old Colony R.R. 4s, .

Total A m ou nt o f L oa n s, with Each Specified Rate o f Interest.

Amount.

$33,013 13
35,400 00

Rate.

2 per cent.
4
“

Amount.

$35,000 00
98,540 00

Rate.

Amount.

4£ per cent.
5

$184,990 00

Rate.

6 per cent.

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 year ending Oct. 31, 1898,
Number of loans which are of an amount not exceeding $3,000 each, 187
Aggregate amount of the s a m e , ........................................................................
Total number of loans upon real e s t a t e , ............................................. 196
Amount of investments from which no income is received,
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1 8 9 8 , ...............................................................
Times for the dividends fixed by the by-laws : first Tuesday in April and
October.
Rate and amount of each semi-annual dividend f 2 per cent., $13,976 12 1
during the year ending Oct. 31, 1898,
.
. 1 2 per cent.,
14,318 09 1
Number of accounts opened during the year ending Oct. 31, 1898,
. 262
Number of accounts closed during the year ending Oct. 31, 1898,
. 207
Total number of open accounts Oct. 31, 1898,
.
.
.
.
2,623
Total expenses of the corporation for the year ending Oct. 31, 1898 (ex­
clusive of taxes),
..........................................................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1898..............................................................................................
Number of s a m e , ................................................................................. 1,343
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1898............................................................................................................
Number of s a m e , .................................... ........
1,575
Date of examination by commissioner: January 24.


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

$20,670 00
20,800 00
62 77
181,930 00
6,370 00
34,354 03

28,294 21

2,005 30
109,982 98

105,849 26

92

R E P O R T O F TH E

[Pub. D oc.

CAPE A N N S A V IN G S B A N K — G L O U C ESTER .
Incorporated April 15, 1846.

Present number of corporators, 30.

A l l a n R o g e r s , President.
D a n ie l T . B a b s o n , Treasurer.
D a n ie l T . B a b s o n , Clerk o f the Corporation.

Names of committee charged with the investment of its funds :
R obert R . F e a rs,
A l l a n R oge rs,
J ohn E. S o m e s ,
S y l v e s t e r C u n n in g h a m ,
J o h n C o r l is s .

Open for business every business d a y , 9:A.M. to 3p .m . ; during August, 9a . m . to 1p . m .

B a l a n c e S h e e t O c t o b e r 31, 1898.

'
A ssets.

L ia b il it ie s .

Public funds, as per schedule, .
Loan on public funds.
Bank stock, as per schedule,
Loan on bank stock, .
Railroad bonds, as per schedule,
Real estate (for banking purp o s e s ) , ....................................
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Deposits in banks, on interest, .
Deposits in banks, not on interest,
Expense account,
Insurance and taxes paid, .
Block income, .
.
.
.
$5,000 bonds of Union Traction
Co. of N. J.,* .
.
.
.
Cash on hand, .
.
.
.

$15,000
4,000
257,800
350
10,000

00
00
00
00
00

62,160
92,206
1,835,333
798,133
46,293
5,000
664
2,478
616

05
09
00
87
96
00
25
02
41

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

$2,916,129
170,000
21,163
21,685
1,767

51
00
42
07
90

8,577 28
4,173 25

2,500 00
10,960 78
$3,143,496 43

$3,143,496 43

* Taken to secure indebtedness.

Cash on Deposit in Banks, amount in each : —
Third National Bank, B o s t o n , ........................................................................ $8,498 24
City National Bank, G lou cester,........................................................................ 19,061 73
23,733 99
Gloucester National Bank, Gloucester,...............................................................
Loan on Public Funds: —
$4,000 Town of Johnston, R. I., 4 s , ............................................................... $4,000 00*
Loan on Bank Stock: —
4

shares Gloucester National Bank, Gloucester,


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

.

.

.

.

.

* The bank has been notified that this is not a legal loan.

.

$350 00

N o. 8 .]

93

S A Y IN G S B A N K COM M ISSIONERS

Cape Ann Savings B a n k — Continued.
D etailed Statem ent o f Public F u nd s.

Par Value.

City of Lynn, Mass , 4s, .
Town of Melrose, Mass., 4s,

Estimated
Market Value.

Amount Invested.

$5,000
10,000

$5,400 00
10,500 00

$5,000 00
10,000 00

$15,000

$15,900 00

$15,000 00

Ko. of [I
Shares. 1

D etailed Statem ent o f B a n k Stocks.

100
100
74
100
62
50
50
70
200
100
200
100
166
150
50
100
50
50
100
25
50
100
50
200
25
61
100
50
100

Par Value.

Atlantic Nat’l Bank, Boston, .
Atlas National Bank, Boston, .
Blackstone Nat’l Bank, Boston,
Central National Bank, Boston,
Freeman’s N ’l Bank, Boston, .
Globe National Bank, Boston,
Hamilton Nat’l Bank, Boston,
Howard National Bank, Boston,
Merchants’ Nat’l Batik, Boston,
N ’l Bank of Commerce, Boston,
National Bank of the Common­
wealth, Boston,
N ’l B ’k of No. America, Boston,
N ’l B’k of Redemption, Boston,
N ’l B’k of the Republic, Boston,
National City Bank, Boston, .
National Eagle Bank, Boston,
Nat’l Exchange Bank, Boston,
New England N ’l B’k, Boston,
North National Bank, Boston,
Old Boston N ’l Bank, Boston, .
Second National Bank, Boston,
Shawmut Nat’l Bank, Boston,.
State National Bank, Boston, .
Third National Bank, Boston,.
Tremont Nat’l Bank, Boston, .
Cape Ann N ’l B’k, Gloucester,
City National Bank, Gloucester,
Gloucester N ’l B’k, Gloucester,
Rockport N ’l Bank, Rockport,


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

Estimated
Market Value.

Amount Invested.

$10,000
10,000
7,400
10,000
6,200
5,000
5,000
7,000
20,000
10,000

$11,200
10,900
5,772
11,900
6,200
5,000
5,700
6,807
31,000
10,550

00
00
00
00
00
00
00
50
00
00

$10,000
10,000
7,400
10,000
6,200
4,500
5,000
7,000
20,000
10,000

00
00
00
00
00
00
00
00
00
00

20,000
10,000
16,600
15,000

29,000
10,225
18,799
21,487
250
8,800
6,525
7,600
10,200
2,750
8,700
12,200
5,587
17,850
1,775
8,540
17,500
6,500
12,000

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

20,000
10,000
16,600
15,000

00
00
00
00

-

10,000
5,000
5,000
10,000
2,500
5,000
10,000
5,000
20,000
2,500
6,100
10,000
5,000
10,000
$258,300

$311,319 00

_

10,000
5,000
5,000
10,000
2,500
5,000
10,000
5,000
20,000
2,500
6,100
10,000
5,000
10,000

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

$257,800 00

[Pub. D oc

R E P O R T O F TH E

94

Cape Ann Savings Bank — Concluded.
D etailed Statem ent o f R ailroad Bonds.

Par Value.

Fitchburg R.R. 4s,

$10,000

.

Estimated
Market Value.

$10,700 00

Amount Invested.

$10,000 00

Total A m ou nt o f L oa n s, with E ach Specified Rate o f In terest.

Amount.

$46,293 96
15,000 00

Bate.

2 per cent.
4
“

Amount.

$43,300 00
396,378 00

Rate.

Amount.

Rate.

4J per cent.
5

$304,000 00
1,879,138 87

5| per cent.
6

$62,160 05
Amount invested in real estate for banking purposes,....................................
61,000 00
Estimated value of the s a m e , ........................................................................
45,000 00
Assessed value of the s a m e ,.................................................................................
275 93
Net income received from same during year ending Oct. 31, 1898,
Value, by books, of other real estate, held or owned by foreclosure or
92,206 09
o th erw ise,............................................................................................................
80,400 00
Assessed value of the s a m e ,.................................................................................
1,616 00
Net income received from same during year ending Oct. 31, 1898,
Number of loans which are of an amount not exceeding $3,000 each, 1,071
831,053 00
Aggregate amount of the s a m e , ........................................................................
Total number of loans upon real e s t a t e , .................................... 1,151
151,604 00
Amount of investments from which no income is received, .
.
.
.
Gross amount of interest or profits received or earned, as per books,
132,380 23
during year ending Oct. 31, 1 8 9 8 , ...................................................... ...
Times for the dividends fixed by the by-laws: April 1 and October 1.
Rate and amount of each semi-annual dividend j 2 per cent , $56,909 47 ) 112,914 32
during the year ending Oct. 31, 1898,
.
.1 2 per cent., 56,004 85 i
Number of accounts opened during the year ending Oct. 31, 1898,
. 960
Number of accounts closed during the year ending Oct. 31, 1898,
1,030
Total number of open accounts Oct. 31, 1898,
.
.
.
.
9,116
Total expenses of the corporation for the year ending Oct. 31, 1898 (ex­
4,987 95
clusive of taxes),
..........................................................................................
Amount of deposits, not including dividends, received during the year
299,317 67
ending Oct. 31, 1898..............................................................................................
Number of s a m e , ................................................................................. 5,943
Amount of withdrawals, including dividends, during the year ending
504,308 30
Oct. 31, 1898............................................................................................................
Number of same...................................................................................... 7,491
Date of examination by commissioner: September 13.


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

No. 8 .]

95

S A Y IN G S B A N K COM M ISSION ERS

CAPE COD F IV E

CENTS S A V IN G S B A N K — H A R W IC H .

Incorporated March 16, 1855.

Present number of corporators, 49.

A l e x a n d e r T . N e w c o m b , President.
A u g ustus C. S n o w , Treasurer.
A u g ustus C. S n o w , 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 com b,
J o sh u a C r o w e l l ,
E lea ze r K . Cro w e ll,
H e n r y H . F is k ,
O l iv e r E . E l d r e d g e .

Open for business every business day, 9

a .m .

to 1 p . m .

B a l a n c e S h e e t O c t o b e r 31, 1898.

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, .
Real estate (for banking pur­
poses), ....................................
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
( n o t e s ) ,....................................
Deposit in bank, on interest,
Real estate to secure indebted­
ness,
....................................
Cash on hand, .
.
.
.

$10,000
15.000
44 800
16,500
136,847
10.000

00
00
00
00
00
00

1,000
36,661
288,479
286,817

00
85
43
92

Deposits, .
Guaranty fund,
Profit and loss ac­
count, .
Bank liquidation ac­
count, .

$832,447 86
30,000 00
3,852 77
347 60

15,300 00
3,000 00
100 00
2,142 03
$866,648 23

$866,648 23

Cash on Deposit in Bank : —
Cape Cod National Bank, H a r w i c h ,............................................................... $3,000 00
Loan on Public Funds : —
$15,000 State of Massachusetts 3£s........................................................................j $ 1 5 ^ 0 0 00
1,000 Fitchburg R .R . ............... .......................................................................>


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

96

R E P O E T O F TH E

[Pub. D oc

Cape Cod Five Cents Savings Bank — Continued.
Loans on Bank Stock, amount on each: —
7 shares Cape Cod National Bank, H a r w ic h ,...................................................$425
5 shares Cape Cod National Bank, H a r w ic h ,............................................
400
6 shares Cape Cod National Bank, H a r w ic h ,............................................
400
5 shares Cape Cod National Bank, H a r w ic h ,............................................
340
5 shares Cape Cod National Bank, H a r w ic h ,............................................
200
3 shares Cape Cod National Bank, H a r w ic h ,..................................................... 110
1 share Cape Cod National Bank, Harwich........................................
100
6 shares Cape Cod National Bank, H a r w ic h ,............................................
100
1 share Cape Cod National Bank, Harwich..................................................
75
1 share Cape Cod National Bank, H a r w ic h ,............................................
40
2 shares Cape Cod National Bank, H a r w ic h ,............................................
10
100 shares Fourth National Bank, Boston...........................................................
9,400
52 shares Fourth National Bank, B o s to n ,......................................................
4,900

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

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

Loan on Railroad Bonds : —
$11,000 Fitchburg R.R. 4 s , ................................................................................. $10,000 00

D etailed Statem ent o f P u blic F u n d s.

City of Chicago, 111., 4s, .

Par Value.

Estimated
Market Value.

Amount Invested.

$ 10,000

$11,050 00

$10,000 00

No. of
Shares.

D etailed Statem ent o f B a n k Stocks.

18
40
7
38
31
26
16
15
26
30
20
6

43
48
16
10
57
21

Par Value.

Blaekstone Nat’l B’k, Boston, .
Everett National Bank, Boston,
Faneuil Hall Nat’l B’k, Boston,
Fourth National Bank, Boston,
N’l B’k of Commerce, Boston,.
National Bank of the Commonwealth, Boston,
N ’l B’k of No America, Boston,
N ’l B'k of the Republic, Boston,
Nat’l Exchange B’k, Boston, .
N’l Hide & Leather B’k, Boston,
National Revere Bank, Boston,
National Webster B'k, Boston,
Shawmut National B’k, Boston,
State National Bank, Boston, .
Suffolk National Bank, Boston,
Tremont National B’k, Boston,
Cape Cod Nat’l B’k, Harwich, .
First National B’k, Yarmouth,


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

Estimated
Market Value

Amount Invested.

$1,800
2,000
700
3.800
3,100

$1,404
1,600
880
4,484
3,270

00
00
25
00
50

$1,800
2,000
700
3,800
3,100

00
00
00
00
00

2,600
1,600
1,500
2,600
3,000
2,000
600
4,300
4,800
1,600
1,000
5,700
2,100

3,770
1,636
2,148
3,393
3,202
1,840
613
5,246
5,364
1,696
710
5,700
2,520

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

2,600
1,600
1,500
2,600
3,000
2,000
600
4,300
4,800
1,600
1,000
5,700
2,100

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

$44,800

$49,478 50

44,800 00

No. 8 .]

97

SA Y IN G S B A N K COM M ISSION ERS.

Cape Cod Five Cents Savings Bank — Concluded.
D etailed Statem ent o f B ailroad Bonds.

Tar Value.

Boston & Lowell R R. 4 s ,.
Boston & Maine R.R. 4s, .
Concord & Montreal R.R. 4s, .
Conn. & Passumpsic Rivers R.R. 4s,
Fitchburg R R. 5s, .
Old Colony R.R. 4s, .
Portland & Ogdensburg R.R. 6s,
Vermont & Massachusetts R.R. 5s, .

$20,000
10,000
25.000
20.000
20,000
25.000
5,000
10.000
$135,000

Estimated
Market Value.

$21,175
11,250
27.000
22,800
21,700
28.000
5,200
10,600

Amount Invested.

00
00
00
00
00
00
00
00

$147,725 00

$20,000
10,000
25.000
20.000
20,350
26,000
5,163
10,334

00
00
00
00
00
00
00
00

$136,847 00

Total A m ou nt o f L oa n s, w ith Each Specified Bate o f Interest.

Amount.

$3,000
41.000
198,860
15.000

Kate.

00
00
00
00

2
3£
4
4*

per cent.
“
“
“

Amount.

$37,500
9,400
102,800
36,215

00
00
00
00

Rate.

Amount.

44 per cent.
4|
“
5
“
54
“

$115,885 42
830 00
74,606 93

Rate.

6
64
7

per cent.
“

Amount invested in real estate for banking purposes,.................................... $1,000 00
Estimated value of the s a m e , ........................................................................
1,200
Assessed value of the s a m e ,.................................................................................
1,200
Value, by books, of other real estate, held or owned by foreclosure or
o th e r w is e ,............................................................................................................
36,761
Assessed value of the s a m e ,.................................................................................
49,250
Number of loans which are of an amount not exceeding $3,000 each,
447
Aggregate amount of the s a m e , ........................................................................
211,808
Total number of loans upon real e s t a t e , ............................................. 380
Amount of investments from which no income is received, .
.
.
.
5,080
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1 8 9 8 , ...............................................................
39,774
Times for the dividends fixed by the by-laws : second Wednesday in April
and October.
Rate and amount of each semi-annual dividend t 2 percent.,
$16,147 84 j ^ 244
during the year ending Oct. 31, 1898,
.
( 2 percent.,
16,096 68)
Number of accounts opened during the year ending Oct. 31, 1898,
. 288
Number of accounts closed during the year ending Oct. 31, 1898,
. 311
Total number of open accounts Oct. 31, 1898,
.
.
.
.
3,063
Total expenses of the corporation for the year ending Oct. 31, 1898 (ex­
clusive of taxes),
..........................................................................................
3,170
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 8 9 8 ,..........................................................................................
109,570
Number of same...................................................................................... 1,320
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 8 9 8 , ...................................................................................................
143,494
Number of s a m e , ................................................................................. 1,899
Date of examination by commissioner: August 22.


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

00
00
85
00
25
31
56

52

27
36

14

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

No. 8 .]

SA Y IN G S B A N K COM M ISSION ERS

99

Central Savings Bank — Continued.
Loan on Public Funds : —
$ 1,400 United States 4s............................................................................................ $1,400 00
Loan on Bank Stock : —
2 shares Tremont National Bank, Boston, .
18 shares North National Bank, Boston,

'}

$1,300 00

Loan on Railroad Bond : —
$1,000 Concord & Montreal R.R. 4 s , ............................................................... $800 00

D etailed Statem ent o f Public F unds.

Far Value.

City of Brockton, Mass., 4s,
of Burlington, V t., 4s,
of Haverhill, Mass., 4s, .
of Lawrence, Mass., 4s, .
of Lowell, Mass., 4s,
of Malden, Mass., 4s,
of Pawtucket, R. I., 4s,
Town of Andover, N. H ., 4s, .
of Arlington, Mass., 4s, .
of Melrose, Mass., 4s,
of Methuen, Mass., 4s, .
County of Middlesex, Mass., 4s,
United States 5s,
.
.
.

$5,000
5,000
15,000
3,000
6,000
5,000
5,000
10,000
3,800
7,000
7,000
30,000
50,000
$151,800

*

Estimated
Market Value.

$5,575
5,375
16,300
3,097
6,630
5,250
5,412
10,225
3,885
7,660
7,805
31,575
55,875

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

$164,665 50

Amount Invested.

$5,000
5,000
15,000
3,000
6,000
5,000
5,000
10,000
3,800
7,000
7,000
30,000
50,000

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

$151,800 00

A legal Investment when made.

Ko. of
Shares.

D etailed Statem ent o f B a n k Stocks.

100
66
50
200
100
13
50
50
50
100
60
27

Par Value.

Atlantic Nat’l Bank, Boston, .
Blackstone N ’I Bank, Boston, .
Boston N ’I Bank, Boston,
Central N ’I Bank, Boston,
Eliot N ’I Bank, Boston, .
Hamilton N ’I Bank, Boston, .
Market National Bank, Boston,
Merehants1 N ’I Bank, Boston, .
Metrooolitan N ’I B’k, Boston,.
N ’ I Bank of Commerce, Boston,
N ’1 B ’k of Rédemption, Boston,
N ’I B’k of the Republic, Boston,


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

$10,000
6,600
5,000
20,000
10,000
1,300
5,000
5,000
5,000
10,000
6,000
2,700

Estimated
Market Value.

$11,200
5,148
4,962
23,800
13,000
1,482
3,850
7,750
4,550
10,550
6,795
3,867

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

Amount Invested.

$12,000
6,600
5,000
25,000
11,500
1,300
5,000
6,700
5,000
10,000
7,000
3,000

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

100

R E P O R T O F TH E

[Pub. D oc

Central Savings Bank — Continued.

No. of
Shares.

D etailed Statem ent o f B an k Stocks — Concluded.

100
50
20
70
63
50
33
50
100
30
165
52
10
20
50

Par Value.

National City Bank, Boston, .
N ’l Hide & Leather B’k, Boston,
Nat’l Webster Bank, Boston, .
Second National Bank, Boston,
Shawmut Nat’l Bank, Boston,.
Shoe & Leather N ’l B’k, Boston,
Suffolk National Bank, Boston,
Georgetown National Bank,
Georgetown,
Appleton Nat’l Bank, Lowell,
First National Bank, Lowell, .
Merchants’ N ’l Bank, L o w e ll,.
Old Lowell N ’l Bank, Lowell,
Prescott Nat’l Bank, Lowell, .
Railroad Nat’l Bank, Lowell, .
Wamesit Nat’l Bank, Lowell, .

Estimated
Market Value.

Amount Invested.

$5,000
2,000
7,000
6,300
5,000
3,300

$500
5,337
2,015
12,180
7,686
5,100
3,498

00
50
00
00
00
00
00

$5,000
2,000
10,000
7,000
5,000
3,300

00
00
00
00
00
00

5,000
10,000
3,000
16,500
5,200
1,000
2,000
5,000

5,000
12,400
4,440
24,750
6,240
1,260
2,560
6,300

00
00
00
00
00
00
00
00

5,000
12,000
4,000
19,800
5,200
1,000
2,000
6,000

00
00
00
00
00
00
00
00

$162,900

$196,251 75

$185,400 00

D etailed Statem ent o f R ailroad Bonds.

Par Value.

Boston & Albany R R. 5s,
Boston & Lowell R.R. 4S,
Boston & Maine R.R. 4s, .
Fitchburg R.R. 4s, .
Fitchburg R.R. 4£s, .
.
.
.
Fitchburg R.R. 5s, .
Maine Central R R. 4s,
Maine Central R.R. 7s,
N . Y ., Providence & Boston R.R. 7s,
Old Colony R.R. 4s, .
Portland & Ogdensburg R.R. 6s,
St. Johnsbury & Lake Champlain
R.R. 5 s , ..................................................


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

$10,000
4,000
15,000
4,000
10,000
13,000
10,000
10,000
3,000
30,000
1,000

Estimated
Market Value.

$10,500
4,185
16,625
4,215
11,050
13,490
10,475
13,500
3,000
33,300
1,035

00
00
00
00
00
00
00
00
00
00
00

Amount Invested.

$10,000
4,000
15,000
4,000
10,000
13,000
10,000
10,000
3,000
30,000
1,000

00
00
00
00
00
00
00
00
00
00
00

5,000

6,250 00

5,000 00

$115,000

$127,625 00

$115,000 00

No. 8 .]

101

SA V IN G S B A N K COM M ISSION ERS

Central Savings Bank — Concluded.
Total A m ou nt o f L oa n s, with E ach Specified R ate o f Interest.

Amount.

$158,625
25.000
40.000
331,337

Rate.

57
00
00
00

2

per cent.

2*
3

“
“

4

“

Amount.

$30,000 00
369,424 00
15,000 00

Rate.

4| per cent.
“

4a
*4

«

Amount.

$1,778,660 93
96,950 00
101,200 00

Rate.

5 per cent.
5£
6

“
“

Number of loans which are of an amount not exceeding $3,000 each, 525
Aggregate amount of the s a m e , ........................................................................ $725,032
Total number of loans upon real e s t a t e , ............................................. 737
6,378
Amount of investments from which no income is received, .
.
.
.
Gross amount of interest or profits received or earned, as per books,
148,095
during year ending Oct. 31, 1 8 9 8 , ...............................................................
Times for the dividends fixed by the by-laws: first Saturday in May and
November.
Rate and amount of each semi-annual dividend ( 2 per cent., $57,185 81 | 116,294
during the year ending Oct. 31, 1898,
.
. 1 2 per cent., 59,108 61
Number of accounts opened during the year ending Oct. 31, 1898,
1,025
Number of accounts closed during the year ending Oct. 31, 1898,
. 883
Total number of open accounts Oct. 31, 1898,
.
.
.
.
6,831
Total expenses of the corporation for the year ending Oct. 31, 1898 (ex­
8,800
clusive of taxes),
..........................................................................................
Amount of deposits, not including dividends, received during the year
478,040
ending Oct. 31, 1 8 9 8 ,..........................................................................................
Number of s a m e ,.................................................................................6,025
Amount of withdrawals, including dividends, during the year ending
445,190
Oct. 31, 1 8 9 8 , ...................................................................................................
Number of s a m e , ................................................................................. 5,458
Date of examination by commissioner; March 31.


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

00
93
66

42

49
09

09

102

R E P O R T O F TH E

[Pub. Doc.

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

Incorporated April 7, 1854.

Present number of corporators, 42.

C h a s . F. B y a m , President.
A u g u stu s W . S t o v e r , Treasurer.
J o h n II. G ib b s , Clerk o f the Corporation.

Names of committee charged with the investment of its funds :
C h a s . F. B y a m ,
G e o r g e M. S t a r b i r d ,
B e n ja m in F. S t a c e y ,
G e o r g e H. P e n d e r g a s t ,
G eorge B . N e a l .

Open for business every business day except Saturdays, 9 a . m . to 2
days, 3 to 5 p . m . ; Saturdays, 9 a . m . to 12 m .

B alance

Sheet

O ctober

A ssets.

Public funds, as per schedule, .
Bank stock, as per schedule,
Loans on bank stock,
Railroad bonds, as per schedule,
Loans on railroad bonds, .
Boston Terminal Co. bonds,
Real estate (for banking pur­
poses),
....................................
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Deposits in banks, on interest, .
Cash on hand, .
.
.
.

p .m .

; Wednes­

31, 1898.

L ia b il it ie s .

$544,500
649,600
13,500
627,400
750
50.000

00
00
00
00
00
00

70.000
43,200
2,411,815
2,111,610
237,430
4,823

00

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

$6,367,872 47
308,000 00
88,755 96

00
00
00

38
05

$6,764,628 43

$6,764,628 43

Cash on Deposit in Banks, amount in each : —
Fourth National Bank, Boston,
Manufacturers’ National Bank, Boston,
Metropolitan National Bank, Boston, .
Monument National Bank, Boston,
National Bank of the Republic, Boston,

.

.
.
.
.
.

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


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

$34,760
57,813
25,116
82,033
37,705

85
97
44
78*
34

No. 8 .]

S A Y IN G S B A N K CO M M ISSION ERS. -

103

Charlestown Five Cents Savings Bank — Continued.
Loans on Bank Stock, amount on each: —
23
18
41
60

shares
shares
shares
shares

Monument National Bank, B o s t o n , ............................................. $2,300 00
Monument National Bank, B o s t o n , .............................................
1,200 00
Central National Bank, B o s t o n ,......................................................
4,000 00
Martha’s Vineyard National Bank, Edgartown, .
.
.
.
6,000 00

Loan on Railroad Bond : —
$1,000 Boston & Lowell R .R. 4s, .

.

.

, ............................................. $750 00

D etailed Statem ent o f P u blic Fu nd s.

Par Value.

City of Boston, Mass., 4 s ,.
of Holyoke, Mass., 4s,
of Malden, Mass., 4s,
of Manchester, N. H. 5s, .
of Medford, Mass , 4s,
of New Bedford, Mass., 4s,
of Newton, Mass., 4s,
of Taunton, Mass., 4s,
Town of Lexington, Mass., 4 s ,.
of Milton, Mass ,4 s ,
of Natick, Mass., 4s,
United States 4s,
.
.
.

$50,000
38,000
25,000
50,000
50,000
66,000
50,000
14,000
50,000
35,500
16,000
100,000
$544,500

Estimated
Market Value.

$55,250
42,055
28,000
59,500
55,400
72,600
55,500
15,260
54,000
35,508
17,920
127,000

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

$617,993 75

Amount Invested.

$50,000
38,000
25,000
50,000
50,000
66,000
50,000
14,000
50,000
35,500
16,000
100,000

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

$544,500 00

No. of
Shares.

D etailed Statem ent o f B a n k Stocks.

12
200
106
42
145
250
500
300
20
150
65
242
304
250
86
224

Par Value.

Andover Nat’l Bank, Andover,
Atlas National Bank, Boston, .
Blackstone N ’l Bank, Boston, .
Boston Nat’l Bank, Boston,
Boylston Nat’l Bank, Boston, .
Bunker Hill N ’l B ’k, Boston, .
Continental N ’l B’k, Boston, .
Eliot National Bank, Boston, .
First National Bank, Boston, .
First Ward N ’l Bank, Boston,.
Freeman’s Nat’l Bank, Boston,
Globe Nat’l Bank, Boston,
Howard N ’l Bank, Boston,
Manufacturers’ N ’l B’k, Boston,
Market Nat’l Bank, Boston,
Metropolitan N ’l Bank, Boston,


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

$1,200
20,000
10,600
4,200
14,500
25,000
50,000
30,000
2,000
15,000
6,500
24,200
30,400
25,000
8,600
22,400

Estimated
Market Value.

$1,200
21,800
8,268
4,168
17,545
48,000
60,000
39,000
3,900
19,500
6,500
24,200
29,564
25,000
6,622
20,384

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

Amount Invested.

$1,200
20,000
10,600
4,200
14,500
25,000
50,000
30,000
2,000
14,800
6,500
23,300
30,400
24,200
8,600
22,400

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

[Pub. Doc

R E P O R T O F TH E

104

Charlestown Five Cents Savings Bank — Continued.

No. of
Shares.

D etailed Statem ent o f B an k Stocks — Concluded.

166
263
99
200
342
326
370
27
178
156
140
69
500
90
275
150
26
75
75
217
67
147

Par Value.

Monument Nat'l B’k, Boston, .
N ’l B’k of Commerce, Boston, .
N ’l B’k of No. America, Boston,
N ’l B’k of Redemption, Boston,
N ’l B’k of the Republic, Boston,
National City Bank, Boston, .
N ’l Hide & Leather B’k, Boston,
Nat’l Market Bank, Brighton,.
National Revere Bank, Boston,
Nat’l Webster Bank, Boston, .
North National Bank, Boston,
Shawmut Nat’l B’k, Boston, .
Shoe & Leather N’l B’k, Boston,
Suffolk National Bank, Boston,
Tremont Nat’l Bank. Boston, .
Home Nat’l Bank, Brockton, .
Conway Nat’l Bank, Conway,.
Wachusett N ’ l B’k, Fitchburg,
Railroad Nat’l Bank, Lowell, .
First Nat’l Rank, Lynn, .
Blue Hill Nat’l Bank, Milton,.
Newton Nat’i B’k, Newton,

$16,600
26,300
9,900
20,000
34,200
-

37,000
2,700
17,800
15,600
14,000
6,900
50,000
9,000
27,500
15,000
2,600
7,500
7,500
21,700
6,700
14,700
$652,800

Estimated
Market Value.

$32,536
27,746
10,122
22,650
48,991
1,630
39,447
2,700
16,376
15,951
14,280
8,418
51,000
9.540
19,525
26,250
2,600
13,500
9,600
27,125
7,772
13,230

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

$756,642 75

Amount Invested.

$16,600
26,300
9,900
20,000
34,200

00
00
00
00
00

-

37,000
2,700
17,800
15,600
14,000
6,900
49,500
9,000
27,500
15,000
2,600
7,500
7,500
21,700
6,700
13,900

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

$649,600 00

D etailed Statem ent o f R ailroad Bonds.

Par Value.

Boston & Lowell R.R. 4 s ,.
Boston & Lowell R.R. 5s,.
Boston & Maine R.R. 4£s,
Concord & Claremont R.R. 4£s,
Fitchburg R.R. 4s,
Fitchburg R.R. 5s, .
Maine Central R.R. 4s,
New York, New Haven & Hartford
R.R. 4 s , ........................................
Upper Coos R.R. 4 s ,.
Upper Coos R.R. 4£s,


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

$12,000
25,000
125,000
25,000
66,000
200,000
25,000

Estimated
Market Value.

$12,600
25,375
130,625
27,500
68,760
217,050
26,250

00
00
00
00
00
00
00

Amount Invested.

$11,700
25,000
125,000
25,000
62,000
200,000
25,000

00
00
00
00
00
00
00

25,000
50,000
79,000

25,000 00
54,000 00
89,665 00

25,000 00
49,700 00
79,000 00

$632,000

$676,825 00

$627,400 00

No. 8 .]

105

SA V IN G S B A N K CO M M ISSION ERS.

Charlestown Five Cents Savings Bank — Concluded.
Total A m ount o f L oan s, with E ach Specified Rate o f Interest.

Kate.

Amount.

$ 10
119,739
117,691
10,000
90,000

00
12
26
00
00

0 per cent.
2
2h
“
3
“
3|
“

Kate.

Amount.

$151,000
971,300
70,000
165,000
628,700

00
00
00
00
00

3£ per cent.
4
“
4J
“
44
“

44

“

Kate.

Amount.

$21,300
1,683,890
565,750
166,825
13,900

00
00
00
00
00

4 f per cent.
5

54

6
64

“
“
“
“

$70,000
Amount invested in real estate for banking purposes,....................................
82,000
Estimated value of the same,................................................................................
82,000
Assessed value of the s a m e ,.................................................................................
823
Net income received from same during year ending Oct. 31, 1898,
Value, by books, of other real estate, held or owned by foreclosure or
43,200
o th e r w ise ,............................................................................................................
58,750
Assessed value of the same.....................................................................................
Number of loans which are of an amount not exceeding $3,000 each, 676
Aggregate amount of the same............................................................................... 1,020,500
Total number of loans upon real e s t a t e , ............................................. 872
10
Amount of investments from which no income is received..............................
Gross amount of interest, or profits received or earned, as per books,
291,132
during year ending Oct. 31, 1 8 9 8 , ...............................................................
Times for the dividends fixed by the by-laws: third Wednesday in April
and October.
Rate and amount of eachsemi-annual dividend f 2 per
cent.,$118,745 33 1
during the year ending Oct. 31, 1898,
.
. ( 2per cent.,* 122,000 00 )
Number of accounts opened during the year ending Oct. 31, 1898,
1,837
Number of accounts closed during the year ending Oct. 31, 1898,
1,564
Total number of open accounts Oct. 31, 1898,
.
.
.
.
17,462
Total expenses of the corporation for the year ending Oct. 31, 1898 (ex­
clusive of taxes),...................................................................................................
11,752
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 8 9 8 ,..........................................................................................
867,763
Number of s a m e , ........................................................................................ 13,213
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1898............................................................................................................
888,000
Number of s a m e , ........................................................................................ 12,564
Date of examination by commissioner: May 6 .


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

* Estimated.

00
00
00

84
00
00
00
00
26

240 745 33

42
85

89

106

R E P O R T O F TH E

[Pub. D oc.

C H E L SE A S A V IN G S B A N K — C H ELSE A.
Incorporated April 29, 1854.

Present number of corporators, 111.

Oris H in m a 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 t t , Clerk o f the Corporation.

Names of committee charged with the investment of its funds:
O tis H in m a n ,
G eo rg e E . M o r r il l ,
A lonzo C. T e n n e y ,
E u g e n e F . E n d ic o t t ,
Jam es G o u ld .

Open for business every business day, 8

B alance

Sh eet

a .m .

to 1 p . m . ; also Saturdays, 4 to 8

O ctober

.

31, 1898.

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,
Real estate (for banking pur­
poses),
....................................
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
( n o t e s ) ,....................................
Loans on depositors’ books,
Deposits in banks, on interest, .
Expense account,
Suspense account,
Premium account,
Cash on hand, .
.
.
.

p. m

L ia b il it ie s .

$622,450
1,550
178,700
6,800
252,000

00
00
00
00

36,941
48,061
2,066,375
475,125

19
27
00
00

00

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

$3,572,175 84
178,600 00
21,214 20
103,297 78
1,530 14

34,500 00
200 00

105,693
4,802
250
38,690
4,679

22
40
00
25
63

$3,876,817 96

$3,876,817 96

Cash on Deposit in Banks, amount in each: —
Commercial National Bank, B o s t o n , ............................................................... $44,264 57
First National Bank, C h e l s e a , ........................................................................
61,428 65
Loan on Public Funds: —
$1,550 United States 4 s ,...................................................... ........

$1,550 00

Loans on Bank Stock, amount on each: —
38 shares First National Bank, C h e l s e a , .......................................................... $3,000
15 shares Winnisimmet National Bank, Chelsea,.........................................
800
40 shares Commercial National Bank, B o s t o n , .............................................
2,500
24 shares First National Bank, Bangor, M e . , .............................................
500


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

00
00
00
00

No. 8 .]

107

S A Y IN G S B A N K COM M ISSION ERS

Chelsea Savings Bank — Continued.
D etailed Statem ent o f P u blic F u nd s.

Par Value.

City of Bay City, Mich., 5s,
of Boston, Mass., 4s,
of Boston, Mass., 6s,
of Cambridge, Mass., 6s, .
of Canton, Ohio, 5s, .
of Chelsea, Mass., 4s,
of Chicago, 111., 3.65s,
of Cleveland, Ohio, 4s,
of Dayton, Ohio, 5s, .
of East Saginaw, Mich., 5s,
of Fall River, Mass., 6s, .
of Fort W ayne, Ind , 4 £ s ,.
of Gardiner, Me., 4s,
of Grand Rapids, Mich., 4s,
of Keene, N. H , 4s, .
of Lawrence, Mass., 4s, .
of Lawrence, Mass., 6s, .
of Lewiston, Me., 4s,
of Lewiston, Me , 5s,
of Lowell, Mass., 4s,
of Newton, Mass., 4s,
of Peoria, 111., 4ès, .
of Providence, R. I., 4£s, .
of Saginaw, Mich., 4s,
of Taunton, Mass , 4s,
of Wallingford, Conn., 4s,
of Waltham, Mass., 4s,
of Worcester, Mass., 4£s, .
Town of Brookline, Mass., 5s, .
of Canton, Mass., 4s,
of Danvers, Mass., 5s,
of Marblehead, Mass., 4s,
of Norwalk, Conn., 4s, .
of Winthrop, Mass , 5s, .
State of New Hampshire 6s, .

$16,500
50,950
29,000
2,000
5,000
20,000
7,000
13,000
7,000
18,500
5,000
20,000
6,000
13,000
20,000
25,000
35,000
30,000
16,000
8,000
65,000
15,000
15,000
25,000
25,000
17,000
22,000
20,000
5,000
8,000
2,000
9,000
31,000
11,000
5,500
$622,450

*

Estimated
Market Value.

$17,201
56,575
32,335
2,240
5,360
21,050
7,017
13,160
7,270
18,823
5,757
22,200
6,300
13,600
21,100
27,937
38,325
33,437
18,000
8,920
71,150
15,412
15,075
25,800
27,937
17,255
24,240
21,500
5,100
8,576
2,220
9,195
31,000
11,935
6,126

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

$669,132 50

Amount Invested.

$16,500
50,950
29,000
2,000
5,000
20,000
7,000
13,000
7,000
18,500
5,000
20,000
6,000
13,000
20,000
25,000
35,000
30,000
16,000
8,000
65,000
15,000
15,000
25,000
25,000
17,000
22,000
20,000
5,000
8,000
2,000
9,000
31,000
11,000
5,500

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

$622,450 00

A legal investment when made.

No. of
Shares.

D etailed Statem ent o f B an k Stocks.

40
216
20

Par Value.

Atlantic Nat’l Bank, Boston, .
Atlas National Bank, Boston, .
Boston Nat’1 Bank, Boston,


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

$4,000
21,600
2,000

Estimated
Market Value.

$4,480 00
23,544 00
1,985 00

Amount Invested.

$4,000 00
21,600 00
2,000 00

[Pub. Doc

R E P O R T O F TH E

108

Chelsea Savings B a n k — Continued.

No. of
Shares.

D etailed Statem ent o f B an k Stocks — Concluded.

Par Value.

48 Boylston Nat’l Bank. Boston, .
85 Central Nat’l Bank, Boston, .
50 Commercial N ’l Bank, Boston,
226 Eliot National Bank, Boston, .
38 Everett National Bank, Boston,
100 First National Bank, Boston, .
32 Freeman’s Nat’l Bank, Boston,
40 Hamilton Nat’l Bank, Boston,.
36 Howard National Bank, Boston,
6 Market National Bank. Boston,
70 Massachusetts N ’l B’ k, Boston,
97 Merchants’ N ’l Bank, Boston, .
52 N ’ l B'k of Commerce, Boston,
15 N ’l B’k of No. America, Boston,
63 N’l B’k of Redemption, Boston,
130 N ’l B’k of the Republic, Boston,
43 National City Bank, Boston, ,
20 National Eagle Bank, Boston,.
20 Nat’l Exchange Bank, Boston,
42 Nat’l Webster Bank, Boston, .
15 North National Bank, Boston,.
47 Shawmut Nat’l Bank, Boston,
116 State National Bank, Boston, .
17 Suffolk National Bank,’Boston,
50 Third National Bank, Boston, .
15 Tremont Nat’l Bank, Boston, .
30 First National Bank, Chelsea,.
45 Railroad Nat’l Bank, Lowell, .
5 Nat’l Exchange Bank, Salem, .
20 First N ’l Bank", So. Weymouth,

$4,800
8,500
5,000
22,600
1,900
10,000
3,200
4,000
3,600
600
7,000
9,700
5,200
1,500
6,300
13,000
-

2,000
2,000
4,200
1,500
4,700
11,600
1,700
5,000
1,500
3,000
4,500
500
2,000
$178,700

Estimated
Market Value.

$5,808
10,115
3,800
29,380
1,520
19,500
3,200
4,560
3,501
462
5,250
15,035
5,486
1,533
7,134
18,622
215
1,760
2,610
4,294
1,530
5,734
12,963
1,802
4,462
1,065
3,000
5,760
400
2,100

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

$212,613 00

Amount Invested.

$4,800
8,500
5,000
22,600
1,900
10,000
3,200
4,000
3,600
600
7,000
9,700
5,200
1,500
6,300
13,000
2,000
2,000
4,200
1,500
4,700
11,600
1,700
5,000
1,500
3,000
4,500
500
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

$178,700 00

D etailed Statem ent o f R ailroad Bonds.

Par Value.

Boston & Lowell R.R. 4 s ,.
Boston & Maine R.R. 4ès,
Boston & Providence R.R. 4s, .
Fitchburg R.R 4s, .
Fitchburg R.R. 5s,
Old Colony R R 4s, .
N ew York, New Haven & Hartford
R R . 4 s , ..................................................


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

$25,000
20,000
45,000
35,000
62,000
40,000

Estimated
Market Value.

$28,250
24,900
49,275
36,080
65,710
44,700

00
00
00
00
00
00

Amount Invested.

$25,000
20,000
45,000
35,000
62,000
40,000

00
00
00
00
00
00

25,000

28,125 00

25,000 00

$252,000

$277,040 00

$252,000 00

No. 8 .]

109

SA Y IN G S B A N K COM M ISSIONERS.

Chelsea Savings Bank — Concluded.
Total A m ount o f L oa n s, with Each Specified Bate o f Interest.

Rate.

Amount.

$105,693 22
25.000 00
50.000 00

2 | per cent.

H

3|

“
“

Amount.

$50,000 00
259,500 00
63,950 00

Rate.

Amount.

Rate.

3J per cent.
4
“
4h
“

$923,100 00
453,300 00
759,700 00

5 per cent.
5£
“
6

$36,941 19
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 same, .
...............................................................
Value, by books, of other real estate, held or owned by foreclosure or
48,061 27
o th erw ise,............................................................................................................
57,475 00
Assessed value of the s a m e ,.................................................................................
374 32
Net income received from same during year ending Oct. 31, 1898,
Number of loans which are of an amount not exceeding $3,000 each, 866
Aggregate amount of the s a m e , ........................................................................ 1,229,025 00
Total number of loans upon real e s t a t e , .................................... 1,007
13,969 24
Amount of investments from which no income is received, .
.
.
.
Gross amount of interest or profits received or earned, as per books,
174,555 63
during year ending Oct. 31, 1 8 9 8 , ...............................................................
Times for the dividends fixed by the by-laws: April 15 and October 15.
Rate and amount of each semi-annual dividend f 2 per cent., $64,791 53 J 130,903 20
during the year ending Oct. 31, 1898,
.
l 2 per cent.,
66,111 67
Number of accounts opened during the year ending Oct. 31, 1898,
1,945
Number of accounts closed during the year ending Oct. 31, 1898,
1,640
Total number of open accounts Oct. 31, 1898,
.
.
.
.
14,947
Total expenses of the corporation for the year ending Oct. 31, 1898 (exelusive of taxes),
..........................................................................................
9,404 10
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1898..............................................................................................
797,786 63
Number of s a m e , .........................................................................
.
19,081
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1898,
.
..........................................................................................
763,169 58
Number of s a m e , ................................................................................. 14,319
Date of examination by commissioner: February 18.


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

\

110

REPORT OF THE

[Pub. Doc.

CH ICOPEE S A V IN G S B A N K — CHICOPEE.

Incorporated Feb. 27, 1845.
John B. W

ood ,

Present number of corporators, 54.

President.
L u th e r W

H . H . H a r r is , Treasurer.
h it e ,

Clerk o f the Corporation.

Names of committee charged with the investment of its funds:
John B. W

ood ,

Jam e s L . P e a se ,

J. A . Ca r t e r ,

G eorge A. E d g er to 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 o b e r 31, 1898.

A ssets.

Public funds, as per schedule, .
Bank stock, as per schedule,
Loans on bank stock,.
Railroad bonds, as per schedule,
Loans on railroad stock, .
Boston Terminal Co. bonds,
Loans on real estate, .
Loans on personalsecurity,
Loans to counties, cities or towns
( n o t e s ) ,....................................
Deposits in banks, on interest, .
Deposits in banks, not on interest,
Cash on band, .
.
.
.

L ia b il it ie s .

$77,000
22,600
2,900
7,000

00
00

00
00

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

$945,349 84
47,900 00
19,396 93

100 00

30,000 00
630,146 00
127,995 00
38,350
65,500
4,637
6,418

00
00
30
47

$1,012,646 77

$1,012,646 77

Cash on Deposit in Banks, amount in each : —
First National Bank, Chicopee,
.
.
.
.
.
.
.
.
.
City National Bank, H o l y o k e , ........................................................................
Hampshire County National Bank, N o r t h a m p t o n ,....................................
Chicopee National Bank, Springfield,...............................................................
City National Bank, Springfield,........................................................................
Pynchon National Bank, Springfield,...............................................................
Springfield Safe Deposit and Trust Company, Springfield, .
.
.
.
Hampden Loan and Trust Company, S p r i n g f i e l d ,....................................


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

$4,637
15 000
2,500
15,000
13,000
5,000
10,000
5,000

30
00
00
00
00
00
00
00

No. 8 .]

111

S A Y IN G S B A N K COM M ISSION ERS

Chicopee Savings Bank — Continued.
Loans on Bank Stock, amount on each : —
24 shares City National Bank, Holyoke.......................................................... ..........
00
20 shares Third National Bank, Springfield.......................................................
900 00
Loan on Railroad Stock : —
3

shares Boston & Albany R . R . , ....................................................................$100 00

D etailed Statem ent o f P u blie Fu nd s.

Par Value.

City o f Akron, Ohio, 5s, .
of Altoona, Pa., 4s, .
of Chicopee, Mass., 4s,
of Lynn, Mass., 4s, .
of Minneapolis, Minn., 4£s,
of Portland, Me , 6 s , .
of Providence, R. 1 , 4s, .
Town of Rockport, Mass,, 4s, .

$5,000
10,000
18,000
10,000
10,000
5.000
10,000
9.000
$77,000

Estimated
Market Value.

$5,312
10,800
18,990
10,975
11,525
6,050
10,875
9,292

50
00
00
00
00
00
00
50

$83,820 00

Amount Invested.

$5,000
10,000
18,000
10,000
10,000
5.000
10,000
9.000

00
00
00
00
00
00
00
00

$77,000 00

No. of
Shares.

D etailed Statem ent o f B a n k Stocks.

10
100
50
66

Par Value.

N ’l B ’k of Redemption, Boston,
First Nat’l B’k, Chicopee,
City Nat’l Bank, Springfield, .
Chapin N ’l Bank, Springfield,

$1,000
10,000
5,000
6,600
$22,600

Estimated
Market Value.

$1,132
14,000
7,250
8,250

50
00
00
00

$30,632 50

Amount Invested,

$1,000
10,000
5,000
6,600

00
00
00
00

$22,600 00

Detailed Statem ent o f R ailroad Bonds.

Par Value.

Boston & Lowell R.R. 4 s ,.
Maine Central R.R. 5s,


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

Estimated
Market Value.

Amount Invested.

$4,000
3,000

$4,140 00
3,457 50

$4,000 00
3,000 00

$7,000

$7,597 50

$7,000 00

112

R E P O E T O F TH E

[Pub. D oc.

Chicopee Savings Bank — Concluded.
Total A m ou nt o f L oa n s, with E ach S pecified B ate o f Interest.

Amount.

Rate.

$101,300 00
188,790 00

4 per cent.
44
“

Amount.

$16,000 00
558,051 00

Rate.

4| per cent.
5
“

Amount.

$850 00

Rate.

6 per cent.

Number of loans which are of an amount not exceeding $3,000 each, 277
Aggregate amount of the same...............................................................................$304,086 00
Total number of loans upon real e s t a t e , ............................................. 315
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1 8 9 8 , ...............................................................
47,191 25
Times for the dividends fixed by the by-laws : January 1 and July 1.
Rat^ and amount of each semi-annual dividend f 2 per cent., $18,379 65 |
during the year ending Oct. 31, 1898,
.
A 2 per cent., 17,989 101
3 6 ’ 368
Number of accounts opened during the year ending Oct. 31, 1898, . 280
Number of accounts closed during the year ending Oct. 31, 1898,
. 303
Total number of open accounts Oct. 31, 1898....................................
2,243
Total expenses of the corporation for the year ending Oct. 31, 1898 (ex­
clusive of taxes).....................................................................................................
3,097 30
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 8 9 8 ,..........................................................................................
143,786 96
Number of same...................................................................................... 2,154
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 8 9 8 , ...................................................................................................
180,633 75
Number of s a m e , .................................................................................2,091
Date of examination by commissioner: June 30.


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Federal Reserve Bank of St. Louis

No. 8.]

SAYINGS BANK COMMISSIONERS

113

CH ICOPEE F A L L S S A V IN G S B A N K — CH ICOPEE F A L L S .

Incorporated May 11, 1875.

Present number of corporators, 34.

G eorge S. T a y l o r , President.
H e n r y J. B o y d , Treasurer.
H e n r y J. B o yd , Clerk of the Corporation.

Names of committee charged with the investment of its funds :
H. S m it h N e w e l l ,
Ja m e s E . T a y l o r ,

Jam e s F l in t ,
G eorge M . M orton .

Open for business every business day, 9 a . m . to 3
and Saturdays, 6 to 8

p

,m .

; also Mondays, Thursdays

p .m .

B a l a n c e S h e e t O c t o b e r 31, 1898.

A ssets.

Bank stock, as per schedule,
Loans on real estate, .
Loans on personal security,
Deposits in banks, on interest, .
Deposits in banks, not on interest,
Expense account,
Furniture and fixtures account,
Cash on hand, .
.
.
.

L ia b il it ie s .

$30,125
313,225
90,485
44,978
2,191
168
3,255
1,444

00
00
57
93
77
25
00
46

$485,873 98

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

$456,031 86
11,561 26
1,716 39
16,027 69
536 78

$485,873 98

Cash on Deposit in Banks, amount in each : —
Chicopee National Bank, Springfield,............................................................... $13,191 77
City National Bank, Springfield,........................................................................
11,440
Pynchon National Bank, Springfield,...............................................................
9,748
Springfield National Bank, S p r i n g f i e l d , ......................................................
6,826
Springfield Safe Deposit and Trust Company, Springfield...............................
5,963


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

59
15
45
74

114

REPORT OF THE

[Pub. Doc

C h ic o p e e F a lls S a v in g s B a n k — Concluded.

Ho. of
Shares.

D etailed Statem ent o f B an k Stocks.

10
10
16
20
50
13
6
40
25
50
20

Par Value.

First National Bank, Chicopee,
First N ’l Bank, Easthampton, .
Franklin County Nat’l Bank,
Greenfield,
.
.
.
.
Hadley Falls N ’l B’k, Holyoke,
Home National Bank, Holyoke,
Palmer Nat’l Bank, Palmer, .
Agawam N ’l Bank, Springfield,
Chapin N ’l Bank, Springfield,.
Chicopee N ’l Bank, Springfield,
City Nat’l Bank, Springfield, .
First Nat’l Bank, Springfield,.

$1,000
1,000
1,600
2,000
5,000
1,300
600
4,000
2,500
5,000
2,000
$26,000

Estimated
Market Value.

Amount Invested.

$1,400 00
1,000 00

$1,000 00
1,485 00

1,632
3,000
5,500
1,885
330
5,000
3,875
7,250
2,240

00
00
00
00
00
00
00
00
00

$33,112 00

1,600
3,410
5,000
1,300
600
4,930
2,500
5,000
3,300

00
00
00
00
00
00
00
00
00

$30,125 00

Total A m ou nt o f L oa n s, with E ach Specified Bate o f Interest.

Amount.
$44,978 93

Rate.

Amount.

Rate.

Amount.

Rate.

4 per cent.

$403,710 57

5 per cent.

-

-

Number of loans which are of an amount not exceeding $3,000 each,. 217
Aggregate amount of the s a m e , ........................................................................
Total number of loans upon real e s t a t e , ............................................. 191
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1898........................................................................
Times for the dividends fixed by the by-laws: January 1 and July 1.
Rate and amountof each semi-annual dividend f 2 per cent.,
$8,300 61
during the year
endingOct. 31,1898,.
.
1 2 per cent.,
8,231 34
Number of accounts opened during the year ending Oct. 31, 1898, . 376
Number of accounts closed during the year ending Oct. 31, 1898,
. 328
Total number of open accounts Oct. 31, 1898,
.
.
.
.
1,643
Total expenses of the corporation for the year ending Oct. 31, 1898 (ex­
clusive of taxes),
..........................................................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 8 9 8 ,..........................................................................................
Number of same................................................................................................ 2,535
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1898............................................................................................................
Number of s a m e , ...........................................................................................1,823
Date of examination by commissioner: June 29.


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

$245,835 57

21,990 32
16,531 95

2,173 29
118,639 33

117,480 51

No. 8.]

SAYINGS BANK COMMISSIONERS.

115

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.

Present number of corporators, 55.

John C. M il n e , President.
E . E . H a t h a w a y , Treasurer.
G eokge H . E d d y , Clerk o f the Corporation.

Names of committee charged with the investment of its funds :
J ohn C. M il n e ,
M. G. B. S w i f t ,
H enry H . E a r l,
W il l ia m T . T hom as ,
Sa m u el W . H a t h a w a y .

Open for business every business day, 9

a .m .

to 1 p . m

B a l a n c e S h e e t O c t o b e r 31, 1898.

A ssets.

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

L ia b il it ie s .

$176,900
314,240
157,500
11,921
2,367,290
876,697

00
00
00
80
50
00

15,999
179,136
22,461
2,711
4,957

82
09

Deposits, .
Guaranty fund,
Discount, .
Suspense account, .
Bank liquidation ac­
count, .

$3,763,283
185,929
158,525
18,863

83
09
79
01

3,214 03

86

05
63

$4,129,815 75

$4,129,815 75

Cash on Deposit in Banks, amount in each : —
Eliot National Bank, B o s t o n , ........................................................................ $35,111 80
............................................................... 37,411 01
First National Bank, Boston,
.
National Bank of Redemption, Boston................................................................
38,337
National Bank of the Republic, B o s t o n , ......................................................
35,314
Washington National Bank, B o s t o n ,...............................................................
32,961
Pocasset National Bank, Fall R i v e r , ...............................................................
22,461


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

74
39
15
86

116

R E P O R T O F TH E

[P ub. D oc

Citizens’ Savings Bank — Continued.
D etailed Statem ent o f P u blic F unds.

Par Value.

City of Bay City, Mich., 8s,
of Chicago, 111., 4s, .
of Fort Wayne, Inch, 6s, .
of Indianapolis, Ind., 4s, .
of Kansas City, Mo., 4£s, .
of Milwaukee, W is., 5s, .
of Somerville, Mass., 4£s,
of Waterbury, Conn., 4s, .
United States 4s,
.
.
.

$500
25.000
2,000
20.000
50.000
29.000
5,000
10,500
34,900
$176,900

Estimated
Market Value.

$640
27,500
2,060
22,000
56,000
31,320
5,200
11,340
44,323

00
00
00
00
00
00
00
00
00

$200,383 00

Amount Invested.

$500
25.000
2,000
20.000
50.000
29.000
5,000
10,500
34,900

00
00
00
00
00
00
00
00
00

$176,900 00

No. of
Shares.

D etailed Statem ent o f B a n k Stocks.

14
6
93
250
140
50
77
128
25
225
187
35
51
49
102
174
149
300
110
800
180
13

Par Value.

Boston National Bank, Boston,
Continental N ’l Bank, Boston,
Eliot National Bank, Boston, .
First National Bank, Boston, .
Howard National Bank, Boston,
Merchants’ Nat’l Bank, Boston,
N ’l B’k of Commerce, Boston,.
N ’l B’k of Redemption, Boston,
N ’l B’k of the Republic, Boston,
N ’l Hide & Leather B ’k, Boston,
National Revere Bank, Boston,
Shawmut Nat’l Bank, Boston,.
State National Bank, Boston, .
Suffolk National Bank, Boston,
Washington N ’l Bank, Boston,
Fail River N ’l B ’k, Fall River,
Massasoit N ’l B’k, Fall River,
Metacomet N ’l B’k, Fall River,
Nat’l Union Bank, Fall River,
Pocasset N’l Bank, Fall River,
Second Nat’l Bank, Fall River,
Railroad Nat’l Bank, Lowell, .


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

$1,400
600
9,300
25,000
14,000
5,000
7,700
12,800
2,500
22,500
18,700
3,500
5,100
4,900
10,200
17,400
14,900
30,000
11,000
80,000
18,000
1,300
$315,800

Estimated
Market Value.

$1,389
720
12,090
48,750
13,615
7,750
8,123
14,496
3,581
24,018
17,204
4,270
5,699
5,194
11,500
17,400
21,605
38,100
11,550
116,000
27,000
1,664

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

$411,720 75

Amount Invested.

$1,400
600
9,300
25,000
14,000
5,000
7,700
12,800
2,500
22,500
18,700
3,500
5,100
4,900
10,200
16,012
14,900
30,000
11,000
80,000
18,000
1,127

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

$314,240 00

No. 8 .]

117

SA Y IN G S B A N K COM M ISSION ERS.

Citizens’ Savings Bank — Continued.
D etailed Statem ent o f R ailroad Bonds.

Par Value.

Boston & Maine R.R. 4£s,
Boston, Winthrop & Shore R R . 5s,
Concord & Montreal R.R. 4s, .
Fitchburg R.R. 5s,
Maine Central R.R. 4£s, .
Maine Central R R. 5s,
Maine Central R.R 6s,
Maine Central R R. 7s,
Old Colony R.R. 4s, .
Portland & Ogdensburg R.R. 6s,
St. Johnsbury & Lake Champlain
R.R. 5 s , ..................................................
Troy & Boston R.R. 7s,
Worcester, Nashua & Roch. R.R. 4s,

$20,000
7,000
20,000
1,000
26,000
2,000
500
6,000
25,000
5,000

Estimated
Market Value.

$24,800
7,560
21,600
1,110
28,600
2,300
520
8,160
27,500
5,200

00
00
00
00
00
00
00
00
00
00

Amount Invested.

$20,000
7,000
20,000
1,000
26,000
2,000
500
6,000
25,000
5,000

00
00
00
00
00
00
00
00
00
00

15,000
5,000
25,000

19,850 00
7,750 00
27,500 00

15,000 00
5,000 00
25,000 00

$157,500

$181,950 00

$157,500 00

Total A m ou n t o f L oan s, with E a ch Specified B ale o f In terest.

Amount.

$179,136 09
155,929 82

Rate.

2

per cent.

4

Amount.

$733,500 00
1,366,715 00

.

Rate.

Amount.

Rate.

4^ per cent.
5

$736,817 50
267,025 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 year ending Oct. 31, 1898,
.
Number of loans which are of an amount not exceeding $3,000 each, 406
Aggregate amount of the s a m e , ........................................................................
Total number of loans upon real estate,
.
.
.
.
.
.
575
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1 8 9 8 , ...............................................................
Times for the dividends fixed by the by-laws: second Monday in June
and December.
Rate and amount of each semi-annual dividend f
per cent., $80,914 98 |
during the year ending Oct. 31,1898,
.
. 1 2| per cent., 81,363 03 J
Number of accounts opened during the year ending Oct. 31, 1898,
1,289
Number of accounts closed during the year ending Oct. 31, 1898,
1,376
Total number of open accounts Oct. 31, 1898,
.
.
.
.
6,159


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

$ 11,921 80
10,450 00
41 76
576,781 00

195,659 83

^

278 01
’

118

K EPO K T O F TH E

[Pub. D oc.

Citizens’ Savings Bank — Concluded.
Total expenses of the corporation for the year ending Oct. 31, 1898 ^ex­
clusive of taxes),
.......................................................................................... $11,116 69
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1898..............................................................................................
466,787 83
Number of same.......................................................................................4,556
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 8 9 8 , ...................................................................................................
581,248 50
Number of s a m e , ...................................................... .........
6,000
Date of examination by commissioner : July 28.


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

No. 8 .]

119

S A Y IN G S B A N K COM M ISSION ERS

C IT Y SA V IN G S B A N K — P IT T SF IE L D .

Incorporated April 13, 1893.
F r a n c is W . R

Present number of corporators, 30.

H ir a m B . W e l l in o t o n , Treasurer.
B e n j a m in M . E n g l a n d , Clerk o f the Corporation.
ockw ell,

President.

Names of committee charged with the investment of its funds :
H e n r y R . P e ir s o n ,
Ja c o b G i m l i c h ,
H ir a m B . W

W m . M. M ercer,
A r t h u r A. M i l l s ,
e l l in g t o n .

Open for business every business day except Saturdays, 9 a . m . to 12
Saturdays, 9 a . m . to 12 m . ; 1 to 6 p . m .

m.;

1 to 3 p . m . ;

B a l a n c e S h e e t O c t o b e r 31, 1898.

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,
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 account,
Cash on hand, .
.
.
.

L ia b il it ie s .

$16,300 00
6,228 00
2,200 00

31,000
25,000
250,906
20,125

00
00
00
00

3,850
5,520
3,362
901
4,446
800
517

00
97
43
44
50

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

$365,790 10
2,831 86
1,748 55
786 89

00

06
$371,157 40

$371,157 40

Cash on Deposit in Banks, amount in each : —
Agricultural National Bank, Pittsfield,............................................................... $634
Pittsfield National Bank, P i t t s f i e l d , ...............................................................
Third National Bank, P itts fie ld ,........................................................................
Berkshire Loan and Trust Company, Pittsfield,.............................................

10
1,096 04
1,132 29
6,020 97

Loan on Bank Stock: —
22 shares Berkshire Loan and Trust Company, Pittsfield, .


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

.

.

.

$2,200 00

120

R E P O R T O F TH E

[Pub. D oc.

City Savings Bank — Continued.
D etailed Statem ent o f P u blic F u n d s.

Par Value.

Town of Adams, Mass., 5s,
o f Stoughton, Mass., 4 s ,.
United States 4s,
.
.
.
United States 5s,
.
.
.

$5,000
6,000
300
5,000
$16,300

Estimated
Market Value.

$5,425
6,540
379
5,600

00
00
00
00

$17,944 00

Amount Invested.

$5,000
6,000
300
5,000

00
00
00
00

$16,300 00

No. of
Shares.

D etailed Statem ent o f B an k Stocks.

10
5
19
10

Par Value.

Berkshire N ’l B’k, No. Adams,
Agricultural N ’l B ’k, Pittsfield,
First Nat’l Bank, Springfield,
Housatonic N ’l B’k, Stockb’dge,

Estimated
Market Value.

$1,000
500
1,900
1,000

$1,100
1,500
2,128
1,400

$4,400

$6,128 00

00
00
00
00

Amount Invested.

$1,075
1,300
2,318
1,535

00
00
00
00

$6,228 00

D etailed Statem ent o f R ailroad Bonds.

Par Value.

Boston, Revere Beach & Lynn R.R
4*s,
.
.
.
Concord & Montreal R.R. 4s, .
Dexter & Newport R.R. 4s,
Fitchburg R R. 4s, .
Fitchburg R.R. 5s, .
Penobscot Shore Line R.R. 4s,


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

$5,000
4,000
5,000
5,000
5,000
7,000
$31,000

Estimated
Market Value.

$5,675
4,320
5,200
5,375
5,312
7,315

00
00
00
00
00
00

$33,197 00

Amount Invested.

$5,000
4,000
5,000
5,000
5,000
7,000

00
00
00
00
00
00

$31,000 00

No. 8 .]

121

SA Y IN G S B A N K COM M ISSION ERS.

City Savings Bank — Concluded.
Total A m ount o f L oa n s, with E ach Specified R ate o f Interest.

Kate.

Amount.

$5,520 97
3,350 00

2

per cent.

4

Amount.

Rate.

$254,385 00

5 per cent.

Amount.

$19,346 00

Rate.

6

per cent.

“

Number of loans which are of an amount not exceeding $>3,000 each, 116
Aggregate amount of the s a m e , ........................................................................ $129,905
Total number of loans upon real estate,
.
. '.
.
.
. 128
Gross amount of interest or profits received or earned, as per books,
15,888
during year ending Oct. 31, 1 8 9 8 , ...............................................................
Times for the dividends fixed by the by-laws: January 10 and July 10.
Rate and amount of each semi-annual dividend f 2 per cent., $>6,153 02 1 12,718
during the year ending Oct. 31, 1898,
.
. 1 2 per cent.,
6,565 48 J
Number of accounts opened during the yearending Oct. 31, 1898,
. 324
Number of accounts closed during the year ending Oct. 31, 1898,
. 227
Total number of open accounts Oct. 31, 1898,
.
.
.
.
1,183
Total expenses of the corporation for the year ending Oct. 31, 1898 (ex­
1,176
clusive of taxes),
..........................................................................................
Amount of deposits, not including dividends, received during the year
113,353
ending Oct. 31, 1 8 9 8 ,..........................................................................................
Number of s a m e , ..........................................................................1,296
Amount of withdrawals, including dividends, during the year ending
89,341
Oct. 31, 1 8 9 8 , ...................................................................................................
Number of s a m e ,..........................................................................1,020
Date of examination by commissioner: September 27.


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

00

41
50

38
11

29

122

R E P O R T OF TH E

[Pub. D oc

C IT Y F IV E CENTS S A V IN G S B A N K - H A V E R H IL L .

Incorporated March 31, 1870.

Present number of corporators, 59.

John E. Gale , President.
George W . N oyes, Treasurer.
George W . N oyes, Clerk o f the Corporation.

Names of committee charged with the investment of its funds:
S. P. Gardner ,
Samuel W . H opkinson,

George

John E. G ale ,
P hilip C. Swett ,
N ichols, 2d .

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

m.

; 2 to 3 p . m . ;

B a l a n c e S h e e t O c t o b e r 31, 1898.

A ssets.

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

L ia b il it ie s .

$228,350
27,100
17,340
235,000
600

00
00
00
00

00
100,000 00

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

$1,638,879 06
81.500 00
30,229 23
14,056 57

5.000 00
732,445 00
328,117 56
7.000
62,177
2,620
1,985
15,661
1,266

00
69
80
69
16
96

$1,764,664 86

$1,764,664 86

Cash on Deposit in Banks, amount in each: —
First National Bank, H a v e r h ill,........................................................................ $27,177 69
Haverhill National Bank, H a v e r h ill,...............................................................
15,000 00
Haverhill Safe Deposit and Trust Company, Haverhill,
.
.
.
.
10,000 00
Merrimack National Bank, Haverhill,...............................................................
10,000 00


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

No. 8 .]

123

SA Y IN G S B A N K CO M M ISSION ERS

City Five Cents Savings Bank — Continued.
Loans on Bank Stock, amount on each: —
shares First National Bank, H averhill,.................................................. $800 00

8

10 shares First National Bank, Haverhill,...................................................... 1
25 shares Beacon Trust Company, Boston,.................................................. J
18 shares First National Bank, H averhill,......................................................
14 shares First National Bank, Haverhill,......................................................
40 shares Farmington National Bank, Farmington, N. H .,
.
.
.
100 shares Essex National Bank, H a v e r h i l l , .............................................
8 shares First National Bank, H averhill,......................................................

3 000
’
1,800
640
2,500
8,000
600

00
00
00
00
00*
00

* This loan is in excess of the legal limit.

Loan on Railroad Stock : —
6

shares Boston & Maine R . R . , .................................................................... $600 00

D etailed Statem ent o f P u blic F unds.

Par Value.

City of Brockton, Mass., 4s,
of Cleveland, Ohio, 4s,
of Fort Wayne, Ind., 6s, .
of Haverhill, Mass., 4s, .
of Kansas City, Mo., 4ès, .
of Indianapolis, Ind., 4s, .
of Medford, Mass., 4s,
of Newton, Mass., 4s,
of Portsmouth, N. H , 4s, .
of Waterbury, Conn., 4s, .
of Youngstown, Ohio, 5s,
Town of Bradford, Mass., 4s, .
of Plaistow, N. H., 4s, .
United States 4s,
.
.
.

$7,000
5,000
3,000 .
51,000
10,000
10,000
15,000
25,000
10,000
25,000
10,000
20,350
2,000
35,000
$228,350

Estimated
Market Value.

$7,350
5,150
3,060
53,980
11,300
11,000
16,075
28,900
10,900
25,362
10,750
21,017
2,087
44,450

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

$251,381 00

Amount Invested.

$7,000
5,000
3,000
51,000
10,000
10,000
15,000
25,000
10,000
25,000
10,000
20,350
2,000
35,000

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

$228,350 00

No. of
Shares.

D etailed Statem ent o f B an k Stocks.

30
25
9
15
140
35
17

Par Value.

Massachusetts N ’l B ’k, Boston,
Merchants’ Nat'1 Bank, Boston,
N ’l B’k of Commerce, Boston,
Tremont Nat’l Bank, Boston, .
First National Bank, Haverhill,
Haverhill N ’l Bank, Haverhill,
Merrimac N ’l Bank, Haverhill,


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

$3,000
2,500
900
1,500
14,000
3,500
1,700
$27,100

Estimated
Market Value.

$2,250
3,875
945
1,065
21,140
5,250
2,635

00
00
00
00
00
00
00

$37,160 00

Amount Invested.

$3,000
2,500
900
1,500
14,000
3,500
1,700

00
00
00
00
00
00
00

$27,100 00

[Pub. D oc

R E P O R T O F TH E

124

City Five Cents Savings B a n k — Concluded.
D etailed Statem ent o f R ailroad Bonds.

Par Value.

Boston & Maine R.R, 4s, .
Boston & Maine R.R. 4£s,
Bennington & Rutland R.R. 4£s,
Concord & Montreal R.R. 4s, .
Fitchburg R.R. 4s, .
Fitchburg R.R. 5s, .
.
.
.
Maine Central R.R. 4s,
Maine Central R.R. 7s,
Old Colony R.R. 4s, .
St Johnsbury & Lake Champlain
R.R. 5s, ..................................................
Upper Coos R.R. 4s, .
Worcester, Nashua & Roch. R.R. 4s,
*

$50,000
10,000
10,000
25,000
5,000
35,000
15,000
10,000
40,000

Estimated
Market Value.

$56,500
12,450
11,400
27,000
5,150
38,375
15,900
13,600
44,700

Amount Invested.

00
00
00
00
00
00
00
00
00

$50,000
10,000
10,000
25,000
5,000
35,000
15,000
10,000
40,000

00
00
00
00
00
00
00
00
00

10,000
15,000
10,000

12,900 00
16,200 00
10,500 00

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

$235,000

$264,675 00

$235,000 00

Total A m ou nt o f L oa n s, with E ach Specified R ate o f In terest.

Amount.

$27,177
35.000
25.000
128,117

Rate.

69
00
00
56

2 £ per cent.

3
3J
4

“
“
“

Amount.

$47,000 00
74,450 00
20,000 00

Rate.

Amount.

Rate.

44 per cent.
4è
“
4|
“

$699,440 00
28,770 00
62,725 00

5 per cent.
5J
»
6
»

$5,000 00
Yalue, by books, of real estate, beld or owned by foreclosure or otherwise,
4,300 00
Assessed value of the s a m e ,.................................................................................
Number of loans which are of an amount not exceeding $3,000 each, 253
352,252 56
Aggregate amount of the s a m e , ........................................................................
Total number of loans upon real e s t a t e , ............................................. 325
8,000 00
Amount of investments from which no income is received, .
.
.
.
Gross amount of interest or profits received or earned, as per books,
80,674 60
during year ending Oct. 31, 1 8 9 8 , ...............................................................
Times for the dividends fixed by the by-laws: first Wednesday in June
and December.
Rate and amount of each semi-annual dividend f 2 per cent., $30,220 92 i
61,020 39
during the year ending Oct. 31, 1898,
.
1 2 per cent.,
30,799 47 )
Number of accounts opened during the year ending Oct. 31, 1898,
1,032
Number of accounts closed during the year ending Oct. 31, 1898,
. 915
Total number of open accounts Oct. 31,1898,
.
.
.
.
6,415
Total expenses of the corporation for the year ending Oct. 31, 1898 (ex­
5,171 37
clusive of taxes),
..........................................................................................
Amount of deposits, not including dividends, received during the year
312,594 95
ending Oct. 31, 1 8 9 8 ,..........................................................................................
Number of s a m e , ................................................................................. 5,764
Amount of withdrawals, including dividends, during the year ending
310,427 67
Oct. 31, 1 8 9 8 , ...................................................................................................
Number of s a m e , ................................................................................. 4,487
Date of examination by commissioner: February 10.


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Federal Reserve Bank of St. Louis

No. 8 .]

SA Y IN G S B A N K COM M ISSION ERS

125

C IT Y IN S T IT U T IO N - FOR S A V IN G S — L O W E L L .

Incorporated April 12, 1837.

Present number of corporators, 34.

F r e d A. B u t t r ic k , 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 :
A d d is o n P u t n a m ,
H e n r y C. C o o p e r ,
L e o n a rd H un tress,
F r e d A . B u t t r ic k ,
F r a n k Co b u r n .

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 c t o b e r 31, 1898.

A ssets.

L ia b il it ie s .

Public funds, as per schedule, . $1,166,000 00
693,150 00
Bank stock, as per schedule,
Loans on bank stock,
35,600 00
1,175,000 00
Railroad bonds, as per schedule,
Real estate by foreclosure,.
23,065 73
Loans on real estate, .
2,624,613 60
Loans on personal security,
1,157,337 76
Loans to counties, cities or towns
( n o t e s ) ,....................................
76,000 00
Deposits in banks, on interest, .
207,709 92
32,904 24
S u sp en se,....................................
Cash on hand, .
.
.
.
1,334 23
$7,192,715 48

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

$6,542,753 56
320,000 00
95,913 30
220,608 57
13,440 05

$7,192,715 48

Cash on Deposit in Banks, amount in each: —
National Bank of Redemption, B o s t o n , ...................................................... $21,116 21
Third National Bank, B o s t o n , ........................................................................
48,642 21
Appleton National Bank, Low ell,........................................................................
62,951 50
Pynchon National Bank, Springfield, .
\
.............................................
75,000 00
Loans on Bank Stock, amount on each: —
38 shares Wamesit National Bank, L o w e l l , ............................................. $3,800 00
111 shares Pacific National Bank, L a w r e n c e , .........................................
10,500 00
20 shares Lowell Trust Company, L ow ell,......................................................
1,500 00
90 shares Old Lowell National Bank, L o w e l l , .............................................
9,000 00


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

126

R E P O R T O F TH E

[Pub. D oc

City Institution for Savings — Continued.
5 shares Appleton National Bank, L o w e l l , ............................................. I f 9 100 00
20 shares Lowell Trust Company, L ow e ll,...................................................... i
30 shares Old Lowell National Bank, L o w e l l , .............................................
3,000 00
10 shares Massachusetts Loan and Trust Company, Boston,
.
.
.
700 00
10 shares Prescott National Bank, L ow ell,......................................................
1,000 00
10 shares Railroad National Bank, Lowell,......................................................
1,000 00
6 shares Appleton National Bank, L o w e l l , .............................................
500 00
10 shares Merchants’ National Bank, L o w e l l , .............................................
1,000 00
1,500 00
15 shares First National Bank, L o w e l l , ......................................................

D etailed Statem ent o f P u blic F unds.

Par Value.

City of Altoona, Pa., 4s, .
of Des Moines, Iowa, 4s, .
of Fitchburg, Mass., 4s, .
of Indianapolis, Ind,, 4s, .
of Lawrence, Mass., 4s, .
of Lowell, Mass., 4s,
of Medford, Mass , 4s,
of Milwaukee, W is., 5s, .
of Saginaw, Mich., 4às, .
of Waterbury, Conn., 4s, .
Middlesex County, Mass., 4s, .
Town of Cranston, R. 1 , 4s,
of Leominster, Mass., 4s,
of Maynard, Mass., 4s, .
United States 4s,
.
.
.

$50,000
54,000
125,000
100,000
100,000
50,000
100,000
150,000
50,000
100,000
39,000
74,000
49,000
15,000
110,000

Estimated
Market Value.

$55,000
55,620
138,000
110,000
112,000
57,000
110,600
170,945
55,725
109,000
44,007
82,140
54,880
16,500
139,150

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

Amount Invested.

$50,000
54,000
125,000
100,000
100,000
50,000
100,000
150,000
50,000
100,000
39,000
74,000
49,000
15,000
110,000

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

$1,166,000 $1,310,567 50 $1,166,000 00

No. of
Shares.

D etailed Statem ent o f B an k Stocks.

80
200
204
210
124
39
138
146
100
200
200
100

Par Value.

Atlantic Nat’l B’k, Boston,
Atlas National Bank, Boston, .
Blackstone Nat’l B’k, Boston, .
Boston National Bank, Boston,
Boylston Nat’l Bank, Boston, .
Bunker Hill Nat’l B’k, Boston,
Columbian Nat’l B’k, Boston, .
Continental N ’l Bank, Boston,
Eliot National Bank, Boston, .
First National Bank, Boston, .
Globe National Bank, Boston,
Hamilton Nat’l Bank, Boston,.


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

$8,000
20,000
20,400
21,000
12,400
3,900
13,800
14,600
10,000
20,000
20,000
10,000

Estimated
Market Value.

$8,960
21,800
15,912
20,842
15,004
7,488
13,386
17,520
13,000
39,000
20,000
11,400

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

Amount Invested.

$8,000
20,000
20,400
21,000
12,400
3,900
13,800
14,600
10,000
20,000
20,000
10,000

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

No. 8 .]

127

S A Y IN G S B A N K COM M ISSION ERS

City Institution for S a v in g s — Continued.

No. of
Shares.

D etailed Statem ent o f Bank Stocks — Concluded.

135
100
125
44
100
150
100
250
400
400
78
30
50
150
250
36
70
65
167
40
265
100
100
108
136
400
118
39
25
610
94
75
11
220
73
100
25
42

Howard Nat’l Bank, Boston, .
Market National Bank, Boston,
Massachusetts Loan and Trust
Co., Boston, .
.
.
.
Merchants’ N ’l Bank, Boston, .
Metropolitan N ’l B’k, Boston,.
N ’l Bank of Commerce, Boston,
National Bank of the Common­
wealth, Boston,
N ’l B’k of No. America, Boston,
N ’l B’ k of Redemption, Boston,
N ’l B’k of the Republic, Boston,
National City Bank, Boston, .
National Eagle Bank, Boston,
Nat’l Exchange Bank, Boston,
N ’l Hide & Leather B’k, Boston,
National Revere Bank, Boston,
National Union Bank, Boston,
National Webster B’k, Boston,
New England N ’l B’k, Boston,
North National Bank, Boston,
Old Boston N ’l Bank, Boston,.
Second National Bank, Boston,
Shawmut N ’l Bank, Boston, .
Shoe & Leather N ’l B’k, Boston,
State National Bank, Boston, .
Suffolk National Bank, Boston,
Third National Bank, Boston,.
Tremont Nat’l Bank, Boston, .
Washington Nat’l B’k, Boston,
Bay State N ’l Bank, Lawrence,
Appleton Nat’l Bank, Lowell,
First National Bank, Lowell, .
Merchants’ Nat’l B’k, Low ell,.
Old Lowell Nat’l B’k, Lowell,
Prescott Nat’l Bank, Lowell, .
Railroad Nat’l Bank, Lowell, .
Wamesit Nat’l Bank, Lowell, .
First Nat’l Bank, Marlborough,
Framingham National Bank,
South Framingham,


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

Par Value.

Estimated
Market Value.

Amount Invested.

$13,500
10,000

$13,128 75
7,700 00

$13,500 00
10,000 00

12,500
4,400
10,000
15,000

13,406
6,820
9,100
15,825

25
00
00
00

12,500
4,400
10,000
15,000

10,000
25,000
40,000
40,000

14,500
25,562
45,300
57,300
390
2,640
6,525
16,012
23,000
4,797
7,157
9,880
17,034
4,400
46,110
12,200
10,200
12,069
14,416
35,700
8,378
4,397
2,900
75,640
13,912
11,250
1,320
27,720
9,344
12,600
2,800

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

10,000 00
25,000 00
40,000 00
40,000 00
3,000 00
5,000 00
15,000 00
25,000 00
3,600 00
7,000 00
6,500 00
16,700 00
4,000 00
26,500 00
10,000 00
9,375 00
10,800 00
13,600 00
40,000 00
11,800 00
3,900 00
1,875 00
61,000 00
9,400 00
7,500 00
1,100 00
22,000 00
7,300 00
10,000 00
2,500 00

4,200

5,670 00

4,200 00

$693,775

$811,417 25

$693,150 00

-

3,000
5,000
15,000
25,000
3,600
7,000
6,500
16,700
4,000
26,500
10,000
10,000
10,800
13,600
40,000
11,800
3,900
1,875
61,000
9,400
7,500
1,100.
22,000
7,300
10,000
2,500

00
00
00
00

128

R E P O R T O F TH E

[P ub. D oc

City Institution for Savings — Concluded.
D etailed Statem ent o f R ailroad Bonds.

Par Value.

Boston & Lowell R.R. 4 s ,.
Concord & Montreal R.R. 4s, .
Conn. & Passumpsic Rivers R.R. 4s,
Fitchburg R.R. 5s,
Maine Central R.R. 4s,
Maine Central R.R. 4ès, .
Narraganset Pier R.R. 4s,
Norwich & Worcester R.R. 4s,.
N . Y ., N. H. & Hartford R.R. 4s,
Old Colony R.R. 4s.................................
Sullivan County R.R 4s, .
Worcester, Nashua & Roch. R R. 4s,

$200,000
200,000
50.000
100,000
50.000
50.000
25.000
100,000
50.000
200,000
100,000
50.000

Estimated
Market Value.

$214,970
218,000
56.000
105.500
52,500
55.000
26,750
109.500
56.250
224,000
108.500
51.250

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

Amount Invested.

$200,000
200,000
50.000
100,000
50.000
50.000
25.000
100,000
50.000
200,000
100,000
50.000

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

$1,175,000 $1,278,220 00 $1,175,000 00

Total A m ou n t o f L o a n s, with E a ch Specified R ate o f Interest.

Amount.

$132,709 92
75,000 00
350,000 00

Rate.

2
3è
4

per cent.
“
“

Amount.

Rate.

$5,000 00
685,359 00
2,736,877 68

4f per cent.
4i
“
5
»

Amount.

$10,500 00
105,814 68

Rate.

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 ,.................................................................................
Number of loans which are of an amount not exceeding $3,000 each, 529
Aggregate amount of the s a m e , ........................................................................
Total number of loans upon real e s t a t e , ............................................. 659
Amount of investments from which no income is received, .
.
.
.
Gross amount of interest or profits received or earned, as per books,
during the year ending Oct. 31, 1 8 9 8 , ......................................................
Times for the dividends fixed by the by-laws : second Saturday in January
and July.
Rate and amount of each semi-annual dividend f 2 per cent., $124,559 09 1
during the year ending Oct. 31, 1898,
.
. 1 2 per cent., 124,562 52 J
Number of accounts opened during the year ending Oct. 31, 1898,
1,931
Number of accounts closed during the year ending Oct. 31, 1898,
1,919
Total number of open accounts Oct. 31, 1898,
.
.
.
.
16,133
Total expenses of the corporation for the year ending Oct. 31, 1898 (ex­
clusive of taxes).....................................................................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 8 9 8 ,..........................................................................................
Number of s a m e ,.........................................................................................14,689
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1898.......................................................................................... :
.
Number of s a m e , ......................................................................................... 17,687
Date of examination by commissioner: November 4.


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

$23,065 73
39,527 00
690,304 63
46,082 49
320,273 85

249,121 61

14,487 89
789,710 41

968,408 58

No. 8 .]

129

SA Y IN G S B A N K COM M ISSION ERS

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

Incorporated May 15,1851.

Present number of corporators, 44.

C h a r l e s L . S w a n , 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:
Ch ar les L . Sw a n ,
C . C. S t o n e ,
L u c iu s F i e l d ,
J o h n E. T h a y e r ,
G eorge P . T a y l o r .

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

B alance

Sh eet

O ctober

; 2 to 4 p . m . ;

31, 1898.

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,
Boston Terminal Co. bonds,
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
( n o t e s ) ,....................................
Deposits in banks, on interest, .
Deposits in banks,not on interest,
Premium account,
Oregon Short Line & Wabash
1
R.R . bonds,* .
.
.
.
Rotch Spinning Co. stock,*
Cash on hand.................................


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

m.

$67,500
233
80,375
2,250
117,725

00
00
00
00
00
10,000 00
1,200 00
866,428 56
622,700 00

Deposits, .
Guaranty fund,
Profit and loss ac­
count, .
Bank liquidation ac­
count, .

$1,956,321 41
72,000 00
699 79
779 35

180,807 00
18,972 98
27,453 18
10,000 00
19,180 00
4,975 83

$2,029,800 65
* Taken to secure indebtedness.

$2,029,800 55

130

R E P O R T O F TH E

[Pub. Doc

Clinton Savings Bank — Continued.
Cash on Deposit in Banks, amount in each: —
First National Bank, B o s t o n , ........................................................................$18,972 98
First National Bank, C l i n t o n , ........................................................................
27,453 18
Loan on Public Funds: —
$1,000 United States 4s............................................................................................ $233 00
Loan on Bank Stock: —
31 shares First National Bank, C l i n t o n , ......................................................$2,250 00

D etailed Statem ent o f P u blic F unds.

Par Value.

City of Boston, Mass., 4s,
of Boston, Mass., 5s,.
of Cambridge, Mass., 6s, .
of Providence, R. I., 6s, .
Town of Clinton, Mass., 4s,

$4,000
2,000
5.000
1.000
55,500
$67,500

Estimated
Market Value.

$4,040
2,220
5,700
1,035
59,652

00
00
00
00
50

$72,647 50

Amount Invested.

$4,000
2,000
5.000
1.000
55,500

00
00
00
00
00

$67,500 00

No. of
Shares.

D etailed Statem ent o f B a n k Stocks.

14
2
20
16
50
20
30
44
5
10
70
338
40
50
50
50

Par Value.

Atlas National Bank, Boston, .
Boston Nat’l Bank, Boston,
Central National Bank, Boston,
Howard Nat’l Bank, Boston, .
Manufacturers’ N ’l B’k, Boston,
Market Nat’l Bank, Boston, .
Metropolitan N ’l Bank, Boston,
N ’l B’k of No. America, Boston,
National City Bank, Boston, .
N ’l Hide & Leather B’k, Boston,
Nat’l Webster Bank, Boston, .
First Nat’l Bank, Clinton,
Fitchburg N ’l Bank, Fitchburg,
First Nat’l Bank, New Bedford,
National Bank of Commerce,
New Bedford,
Orange Nat’l Bank, Orange, .


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

$1,400
200
2,000
1,600
5,000
2,000
3,000
4,400

_

1,000
7,000
33,800
4,000
5,000

Estimated
Market Value.

$1,526
198
2,380
1,556
5,000
1,540
2,730
4,499
25
1,067
7,157
42,250
5,800
6,250

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

Amount Invested.

$1,400
200
2,000
1,600
5,000
2,000
3,000
4,400

00
00
00
00
00
00
00
00
—
1,000 00
7,000 00
33,775 00
6,000 00
5,000 00

3,000
5,000

1,750 00
” 7,750 00

3,000 00
5,000 00

$78,400

$91,479 50

$80,375 00

No. 8 .]

131

SA Y IN G S B A N K COM M ISSIONERS

Clinton Savings Bank — Concluded.
Detailed Statement o f Railroad Bonds.

Par Value.

Boston & Lowell R.R. 4 s ,.
Boston & Lowell R.R. 4£s,
Boston & Lowell R.R. 5 s ,.
Fitchburg R.R. 4s, .
Fitchburg R.R. 5s,
Maine Central R R. 7s,
Hew York, New Haven & Hartford
R.R. 4 s , ..................................................
Old Colony R.R. 4s, .
St. Johnsbury & Lake Champlain
R.R. 5 s , ..................................................

$20,000
1,000
4,000
6,000
35,000
7,000

Estimated
Market Value.

$21,550
1,045
4,060
6,300
37,725
9,520

00
00
00
00
00
00

Amount Invested.

$20,000
1,000
4,000
6,000
35,000
7,000

00
00
00
00
00
00

15,000
16,000

17,025 00
17,620 00

16,275 00
16,750 00

10,000

12,900 00

11,700 00

$114,000

$127,745 00

$117,725 00

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

Amount.

$18,972 98
446,407 00
140,000 00

Rate.

per cent.
“
\\
“
2

4

Amount.

$31,100 00
25,000 00
922,496 41

Rate.

4£ per cent.
4|
«
5
“

Amount.

$300 00
104,065 15
3,050 00

Rate.

5i£ per cent.
6'
“
7

$ 1,200 00
Value, by books, of real estate, held or owned by foreclosure or otherwise,
1,000 00
Assessed value of the s a m e ,.................................................................................
Number of loans which are of an amount not exceeding $3,000 each, 409
463,163 55
Aggregate amount of the s a m e , ........................................................................
Total number of loans upon real e s t a t e , ............................................. 403
Gross amount of interest or profits received or earned, as per books, during
86,991 05
year ending Oct. 31, 1 8 9 8 ,.................................................................................
Times for the dividends fixed by the by-laws: second Monday in April
and October.
Rate and amount of each semi-annual dividend f 2 percent., $36,020 93 1 72,709 56
during the year ending Oct. 31, 1898,
.
. I 2 per cent., 36,688 63 J
Number of accounts opened during theyear ending Oct. 31, 1898,
. 868
Number of accounts closedduring the year ending Oct. 31, 1898,
. 686
Total number of open accounts Oct. 31, 1898,
.
.
.
.
5,967
Total expenses of the corporation for the year ending Oct. 31, 1898 (ex­
4,729 61
clusive of taxes),
..........................................................................................
Amount of deposits, not including dividends, received during the year
358,425 73
ending Oct. 31, 1 8 9 8 ,..........................................................................................
Number of same.............................................................................. 5,228
Amount of withdrawals, including dividends, during the year ending
364,920 53
Oct. 31, 1898............................................................................................................
Number of s a m e ,.........................................................................4,268
Date of examination by commissioner: February 15.


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

EEPOET OF THE

132

[Pub. Doc.

COHASSET S A V IN G S B A N K — COHASSET.
Incorporated Feb. 28, 1845.

Present number of corporators, 40.

A b b a h a m H. T o w e r , President.
Ca l e b L othbop , Treasurer.
C a l e b L othbop , Clerk o f the Corporation.

Names of committee charged with the investment of its funds:
Ch ab l e s F. T il d e n ,
A bbaham H . Tower,

L ouis N. L incoln ,
C. Jam es P r a tt .

Open for business every business day except Saturdays, 8.30 A.M .to 12.30
1.30 to 4 p . m .

p .m . j

B a l a n c e S h e e t O c t o b e r 31, 1898.

A8SET9.

L ia b il it ie s .

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

$9,000 00
43,600 00
33,000 00
10,145
29,700
451,938
51,475

23
00
00
00

68,500
10,108
1,138
1,957

00
83
56
01

$660,244 38
27,84 0 00
10,230 46

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

11,038 71
1,209 08

$710,562 63

$710,562 63

Cash on Deposit in Banks, amount in each : —
Boston National Bank, Boston,
.
.
.
.
.
.
.
.
.
Hingham National Bank, H i n g h a m ,...............................................................

$2,921 36
7,187 47

Detailed Statement o f Public Funds,

Par Value.

City of Springfield, Ohio, 4^s, .


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

$9,000

Estimated
Market Value.

$9,982 50

Amount Invested.

$9,000 00

No. 8 .]

133

SA V IN G S B A N K COM M ISSION ERS

Cohasset Savings Bank — Continued.

Ko. of
Shares.

Detailed Statement o f Bank Stocks.

30
13
45
20
40
20
30
23
22
43
18
25
30
15
10
12
32
38
18
10

Par Value.

Atlas National Bank, Boston, .
Blackstone N ’l Bank, Boston, .
Boston National Bank, Boston,
Columbian Nat’l Bank, Boston,
Continental Nat’l Bank, Boston,
Everett National Bank, Boston,
Market National Bank, Boston,
Merchants’ Nat’l Bank, Boston,
N ’l B’k of the Republic, Boston,
National City Bank, Boston, .
National Eagle Bank, Boston,
N ’l Hide & Leather B’k, Boston,
National Revere Bank, Boston,
National Union Bank, Boston,
Nat’l Webster Bank, Boston, .
North National Bank, Boston,
Shawmut Nat’l Bank, Boston, .
State National Bank, Boston, .
Tremont Nat’l Bank, Boston, .
Washington N ’l Bank, Boston,

$3,000
1,300
4,500
2,000
4,000
500
3,000
2,300
2,200
-

1,800
2,500
3,000
1,500
1,000
1,200
3,200
3,800
1,800
1,000
$43,600

Estimated
Market Value.

$3,270
1,014
4,466
1,940
4,800
300
2,310
3,565
3,151
215
1,584
2,668
2,760
1,998
1,022
1,224
3,904
4,246
1,278
1,127

Amount Invested.

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

$46,845 75

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

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

$43,600 00

Detailed Statement o f Bailroad Bonds.

Eastern R R. 6s,
.
Fitchburg R.R. 4s, .
Upper Coos R.R. 4£s,

.

.

Par Value.

Estimated
Market Value.

Amount Invested,

$13,000
10,000
10,000

$15,437 50
10,750 00
10,900 00

$13,000 00
10,000 00
10,000 00

$33,000

$37,087 50

$33,000 00

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

Bate.

Amount.

$10,108 83
66,500 00
10,000 00

9,000 00

2 per cent.
4
“
4J
“

4|

“


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

Amount.

$37,300 00
12,000 00

186,350 00

Kate.

4J per cent.
4|
“
5
“

Kate.

Amount.

$5,000 00
141,350 00
104,413 00

5J per cent.
5 i- “
6

“

134

REPORT OF THE

[Pub. Doc.

Cohasset Savings Bank — Concluded.
Amount invested in real estate for banking purposes,.................................... $10,145
23
Estimated value of the same (unfinished),......................................................10,145
23
Yalue, by books, of other real estate, held or owned by foreclosure or
o th erw ise,............................................................................................................
29,700 00
Assessed value of the s a m e ,.................................................................................
30,650 00
Net income received from same during year ending Oct. 31, 1898,
.
.
9 28
Number of loans which are of an amount not exceeding $3,000 each, 161
Aggregate amount of the s a m e , ........................................................................
163,763 00
Total number of loans upon real e s t a t e , ............................................. 207
Amount of investments from which no income is received,
.
.
.
13,000 00
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1 8 9 8 , ...................................................................
33,517
10
Times for the dividends fixed by the by-laws: first Tuesday in January
and July.
Rate and amount of each semi-annual dividend f 2 per cent., $12,282 34 1 24 945
31
during the year ending Oct. 31, 1898,
.
. I 2 per cent.,
12,662 97 J
’
Number of accounts opened during the year ending Oct. 31, 1898,
. 174
Number of accounts closed during the year ending Oct. 31, 1898,
. 123
Total number of open accounts Oct. 31, 1898,
.
.
.
.
1,480
Total expenses of the corporation for the year ending Oct. 31, 1898 (ex­
clusive of taxes),
.................................................................................................... 2,376 37
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 8 9 8 ,..............................................................................................
93,054
23
Number of s a m e , ..........................................................................................918
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 8 9 8 , .......................................................................................................
91,360
49
Number of s a m e , ..........................................................................................931
Date of examination by commissioner: July 8 .


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

No. 8 .]

135

S A Y IN G S B A N K COM M ISSION ERS

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.

Present number of corporators, 25.

John B. P a c k a r d , President.
W il 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:
C arlos B a tc h e l d er ,
J ohn B . P a c k a r d ,
A r t h u r P. D e l a b a r r e ,
H a r r is D . P e a se ,
C h ar le s B . M e r r it t .

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 o b e r 31,1898.

L ia b il it ie s .

A ssets.

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

$ 10,000 00

5.000 00

6.000 00
5,000
124,366
10,505
30,657

00
00
00
22

$191,528 22

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

$186,964 58
3,605 00
958 64

$191,528 22

Cash on Deposit in Banks, amount in each: —
Conway National Bank, C o n w a y , ....................................................................... $4,198
Packard National Bank, G r e e n fie ld ,...............................................................
5,000
City National Bank, H o l y o k e , ........................................................................
7,000
Home National Bank, H o ly o k e ,........................................................................
3,500
Pynchon National Bank, S prin gfield,...............................................................
5,958
Hampden Loan and Trust Company, S p r i n g f i e l d ,....................................
5,000

75
00
00
00
47
00

Loans on Bank Stock, amount on each: —
40 shares Agawam National Bank, Springfield,..................................................... $2,000
3 shares Conway National Bank, C o n w a y , .........................................
200
10 shares City National Bank, Holyoke..............................................................
800
30 shares Park National Bank, H o l y o k e ,......................................................
3,000


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Federal Reserve Bank of St. Louis

00
00
00
00

R E P O R T O F TH E

136

[Pub. Doc,

Conway Savings Bank — Continued.
Detailed Statement o f Public Funds.

Par Value.

City of
of
of
of
of
of
of
of
of

Boston, Mass., 5s,
Canton, Ohio, 5s, .
Fitchburg, Mass , 6s,
Holyoke, Mass., 4s,
Milwaukee, W is., 5s,
Newton, Mass., 4s,
Somerville, Mass., 4s,
Springfield, Ohio, 4js,
Worcester, Mass., 5s,

.
.
.
.
.

$1,000
1,000
1,000
2,000
1,000
1,000
1,000
1,000
1,000
$10,000

Estimated
Market Value.

$1,115
1,045
1,157
2,190
1,190
1,137
1,060
1,087
1,102

00
00
50
00
00
50
00
50
50

$11,085 00

Amount Invested.

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

00
00
00
00
00
00
00
00
00

$10,000 00

No. of
Shares.

Detailed Statement o f Bank Stocks.

30
10
10

Conway N a tl Bank, Conw ay,.
City National Bank, Holyoke,
Adams N ’l B’k, North Adams,

Par Value.

Estimated
Market Value.

$3,000
1,000
1,000

$3,000 00
1,050 00
1,280 00

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

$5,000

$5,330 00

$5,000 00

Amount Invested.

Detailed Statement o f Railroad Bonds.

Par Value.

Boston & Albany R R. 4s,
Connecticut River R.R. 4s,
Fitchburg R.R. 5s, ,
Old Colony R.R. 4s, .
Worcester, Nashua & Roch. R.R. 4s,


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

Estimated
Market Value.

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

$1,080
1,140
1,020
1,110
1,110

$5,000

$5,460 00

00
00
00
00
00

Amount Invested

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

00
00
00
00
00

$5,000 00

N o. 8 .]

137

SA Y IN G S B A N K CO M M ISSION ERS.

Conway Savings B a n k — Concluded.
Total Amount o f Loans , with Each Specified Rate o f Interest.

Amount.

$12,698 75
12,958 47

Kate.

Amount.

Kate.

3 per cent.
4
“

$140,388 00

5 per cent.

Rate.

Amount.

$5,483 00

Number of loans which are of an amount not exceeding $3,000 each,

6 per cent.

108

Aggregate amount of the s a m e , ........................................................................ $110,771
Total number of loans upon real estate.......................................................9(3
Gross amount of interest or profits received or earned, as per books,
8,605
during year ending Oct. 31, 1898......................................................•
Times for the dividends fixed by the by-laws: May 1 and November 1.
Rate and amount of each semi-annual dividend ( 2 per cent., $3,437 44 |
6,965
during the year ending Oct. 31, 1898,
.
•< 2 per cent., 3,528 26
Number of accounts opened during the year ending Oct. 31, 1898,
. I ll
N umber of accounts closed during the year ending Oct. 31, 1898,
. 65
Total number of open accounts Oct. 31, 1 8 9 8 , .................................... 710
Total expenses of the corporation for the year ending Oct. 31, 1898 (ex­
651
clusive of taxes),
...............................................................*
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 8 9 8 ,..........................................................................................
Number of s a m e , ...................................................... ........
•
•
»464
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1898............................................................................................................
Number of same...............................................................................................
Date of examination by commissioner: July 15.


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

00

16
70

84

29,817 52

29,123 25

138

E E P O E T O F TH E

[Pub. Doc,

C O U N T Y S A V IN G S B A N E — CH ELSE A.

Incorporated Feb. 27, 1890.

Present number of corporators, 57.

A lbert D. B osson, President.
G eorge T. R oberts,
V ernon A. F ield , Clerk o f th e Corporation.

T reasu rer

.

Names of committee charged with the investment of its funds:

J ohn H. C unningham,
M ilton R ay ,
George W. M oses,

A lbert D. B osson,
J ohn M ulloy,
W illiam S. H ixon.

Open for business every business day, 8 a . m . to 1 p . m . ; also Mondays, Wednesdays
and Thursdays, 5 to 8 p .m . ; Saturdays, 5 to 9 p .m .

B a l a n c e S h e e t O c t o b e r 31, 1898.

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,
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,
Furniture and fixtures,
Premium account,
Cash on hand, .
.
.
.

L ia b il it ie s .

$22,375
22,300
1,750
28,000
5.000
319,240
55,550

00
00
00
00

00
00
00

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

$472,694 35
10,000 00

1,139 11
8,433 86

6.000 00

27,712 90
27 79
305 75
2,000 00
1,000 00
1,005 88

$492,267 32

$492,267 32

Cash on Deposit in Banks, amount in each: —
First Ward National Bank, Boston,
Winthrop National Bank, Boston,.
Winnisimmet National Bank, Chelsea,.


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Federal Reserve Bank of St. Louis

$11,002 33
27 79
16,710 57

No. 8 .]

139

SA V IN G S B A N K COM M ISSIONERS

C o u n ty S a v in g s B a n k — Continued.
Loans on Bank Stock, amount on each: —
10 shares Winnisimmet National Bank, Chelsea,............................................. $750 00
12 shares State National Bank, B o s t o n , ..................................................
1,000 00

D etailed Statem ent o f P u blic F u n d s.

Par Value.

City of Boston, Mass., 4 s ,.
of Brockton, Mass., 4s.,
of Cleveland, Ohio, 4s,
of Haverhill, Mass., 4s,
of Indianapolis, Ind., 4s, .
of Milwaukee, W is., 5s, .
of Springfield, Ohio, 6s, .
Town of Ashland, Mass., 4s, .
of South W ayne, Ind., 6s,
of Ware, Mass., 5s,

$3,000
4.000
3.000
1.000
4.000
3.000
2,625
700
800
250
$22,375

Estimated
Market Value.

$3,000
4,440
3.015
1,007
4,000
3,280
2,821
705
1.016
251

00
00
00
50
00
00
87
25
00
25

$23,536 87

Amount Invested.

$3,000
4.000
3.000
1.000
4.000
3.000
2,625
700
800
250

00
00
00
00
00
00
00
00
00
00

$22,375 00

D etailed Statem ent o f B a n k Stocks.
«*-. m
O CD
.
o 2

u

Par Value.

^ m

17
5
21
25
3
5
13
6
25
4
15
10
25
10
15
6
5
10
3

Atlantic Nat’l Bank, Boston, .
Blackstone Nat’l B’k, Boston, .
Columbian N ’l Bank, Boston, .
First Ward N ’l Bank, Boston, .
Freeman’s Nat’l Bank, Boston,
Globe National Bank, Boston,
N ’l B’k of No. America, Boston,
National Eagle Bank, Boston, .
N ’l Hide & Leather B’k, Boston,
National Revere Bank, Boston,
State National Bank, Boston, .
Old Boston N ’l Bank, Boston,.
Third National Bank, Boston,.
Washington N ’l Bank, Boston,
Winnisimmet N ’l B’k, Chelsea,
Dedham Nat’l Bank, Dedham,
First N ’l Bank, Newburyport, .
So. Danvers N ’l B’k, Peabody,
Mechanics’ N ’l B'k, Worcester,


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

$1,700
500
2,100
2,500
300
500
1,300
600
2,500
400
1,500
1,000
2,500
1,000
1,500
600
500
1,000
300
$22,300

Estimated
Market Value.

$1,904
390
2,037
3,250
300
500
1,329
528
2,668
368
1,676
1,100
2,231
1,127
1,500
630
625
1,140
255

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

$23,560 00

Amount Invested.

$1,700
500
2,100
2,500
300
500
1,300
600
2,500
400
1,500
1,000
2,500
1,000
1,500
600
500
1,000
300

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

$22,300 00

140

R E P O R T O F TH E

[Pub. Doc,

C o u n ty S a v in g s B a n k — Concluded.
D etailed Statem ent o f R ailroad Bonds.

Par Value.

Concord & Montreal R.R. 4s, .
Fitchburg R.R. 4s,
Maine Central R.R. 4s,
Maine Central R.R. 4£s, .
Maine Central R.R. 5s,
New York, New Haven & Hartford
R.R. 4s, .
.
.
.
.
.
Old Colony R.R. 4s, .
Upper Coos R.R. 4 s , .

$6,000
5.000
1.000
500
500

Estimated
Market Value.

$6,480
5,350
1,050
552
577

00
00
00
50
50

Amount Invested.

$6,000
5.000
1.000
500
500

00
00
00
00
00

5.000
5.000
5.000

5,675 00
5,500 00
5,000 00

5.000 00
5.000 00
5.000 00

$28,000

$30,185 00

$28,000 00

Total A m ount o f L o a n s, with E ach Specified Rate o f Interest.

Amount.

Rate.

Amount.

Rate.

Amount.

Rate.
*

$11,002 33
16,710 57

2 per cent.
2| “

$7,500 00
33,200 00

4£ per cent.
5
“

$12,200 00
329,640 00

5£ per cent.
6
«

Number of loans which are of an amount not exceeding $3,000 each, 221
Aggregate amount of the s a m e , ........................................................................$269,040 00
Total number of loans upon real e s t a t e , ............................................. ¿25
Gross amount of interest or profits received or earned, as per books, during
year ending Oct. 31, 1898.....................................................................................
25,201 83
Times for the dividends fixed by the by-laws: third Saturday in April and
October.
Rate and amount of each semi-annual dividends 2 per cent., $7,810 16 ?
1fi7
during the year ending Oct. 31, 1898,
.
. t 2 per cent.,
8,357 26 1
’ 7
Number of accounts opened during the year ending Oct. 31, 1898,
. 416
Number of accounts closed during the year ending Oct. 31, 1898,
. 180
Total number of open accounts Oct. 31, 1 8 9 8 , .................................... 2,043
Total expenses of the corporation for the year ending Oct. 31, 1898 (ex­
clusive of taxes)................................................................................................................. 750
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 8 9 8 ,..........................................................................................
190,057
Number of s a m e , .................................................................................3,616
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1898.............................................................................................................
148,978
Number of s a m e , .................................................................................
2 341
Date of examination by commissioner: March 17.


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

.„

1

qq

96

14

No. 8 .]

141

SA V IN G S B A N K COM M ISSION ERS.

CROCKER IN S T IT U T IO N FOR S A V IN G S — T U R N E R ’S
FALLS.

Incorporated April 3, 1869.

Present number of corporators, 31.

G. L. R ist , President.
D. P. A mbercrombie , Treasurer.
W . H. P. G ilmore , Clerk o f the Corporation.

Names of committee charged with the investment of its funds :
G. L. H ist ,

E. L. Goddard,
James A. Gunn.

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 o b e r 31, 1898.

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), .
.
.
.
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,
Real estate,
.
.
.
.
P re m iu m ,....................................
Cash on hand, .
.
.
.

$78,000
21,700
5,200
135,500
15,000

00
00

00
00
00

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

$958,890 49
34,500 00
7,293 56

31,000 00
430,545 32
211,501 50
17,200 00

200 00
43,700 00
5,048 71

200 00
5,662 50
226 02
$1,000,684 05

$1,000,684 05

Cash on Deposit in Banks, amount in each: —
National Bank of the Commonwealth, Boston, .
Crocker National Bank, Turner’s Falls,
.
.
Packard National Bank, Greenfield,
.
.
•


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

$25,000 00
13,748 71
•

10,000 00

142

R E P O R T O F TH E

[Pub. D oc

Crocker Institution for Savings — Continued.
Loans on Bank Stock, amount on each : —
5 shares Crocker National Bank, Turner’s Falls,
15 shares Crocker National Bank, Turner’s Falls,
40 shares Packard National Bank, Greenfield,
.

.

.

.

.

.

.

.

.

.

.

$400 00
800 00
4,000 00

D etailed Statem ent o f P u blic F unds.

Par Value.

City of Bangor, Me., 6s, .
of Boston, Mass., 5s,.
of Cambridge, Mass., 4s, .
of Chicago, 111 , 4 s , .
of Chicago, 111., 7s, .
of Cleveland, Ohio, 5s,
of East Saginaw, Mich., 5s,
of Fort Wayne, Ind., 4 ^ s,.
of Fort Wayne, Ind., 6s, .
of Lewiston, Me., 4s,
of Lynn, Mass., 5s, .
of Meriden, Conn., 4s,
of Milwaukee, W is., 5s, .
of Providence, R. I., 5s, .
of Salem, Mass , 5s, .
of Somerville, Mass., 4£s,
of Springfield, Mass., 4s, .
Town of Turner’s Falls, Mass. (Fire
District), 4 s , ........................................

$5,000
4,000
10,000
1,000
5,000
6,000
3,000
4,000
1,000
5,000
2,000
5,000
5,000
5,000
7,000
2,000
5,000

Estimated
Market Value.

$5,392
4,520
10,825
1,030
5,100
6,262
3,120
4,420
1,020
5,150
2,180
5,137
5,595
5,138
7,560
2,120
5,800

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

Amount Invested.

$5,000
4,000
10,000
1,000
5,000
6,000
3,000
4,000
1,000
5,000
2,000
5,000
5,000
5,000
7,000
2,000
5,000

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

3,000

3,210 00

3,000 00

$78,000

$83,579 00

$78,000 00

5o. of
Shares.

D etailed Statem ent o f B a n k Stocks.

10
10
10
6
5
40
136

Par Value.

Central National Bank, Boston,
Eliot National Bank, Boston, .
N’l B’k of Commerce, Boston,
Nat’l Webster Bank, Boston, .
Tremont Nat’l Bank, Boston, .
Conway Nat’l Bank, Conway, .
Crocker N ’l B’k, Turner’s Falls,


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

$1,000
1,000
1,000
600
500
4,000
13,600
$21,700

Estimated
Market Value.

$1,190
1,300
1,055
613
355
4,000
16,592

00
00
00
00
00
00
00

$25,105 00

Amount Invested.

$1,000
1,000
1,000
600
500
4,000
13,600

00
00
00
00
00
00
00

$21,700 00

No. 8 .]

SA V IN G S B A N K CO M M ISSION ERS.

143

Crocker Institution for Savings— Continued.
D etailed Statem ent o f R ailroad Bonds.

Par Value.

Boston & Albany R.R. 5s,
Boston & Maine R.R. 4js,
Concord & Montreal R.R. 4s, .
Conn & Passumpsic Rivers R.R. 4s,
Eastern R.R. 6s,
.
.
.
.
Fitchburg R.R. 4s, .
Fitchburg R.R. 5s, .
Maine Central R.R. 4^s, .
New York & New England R.R. 7s,
New York, New Haven & Hartford
R.R. 4 s , ..................................................
Old Colony R R. 4s, .
Portland <& Ogdensburg R.R. 6s,
Vermont & Massachusetts R.R. 5s, .
Worcester & Nashua R.R. 4s, .

Estimated
Market Value.

Amount Invested.

$10,000
15,000
10,000
2,000
12,000
5,000
20,000
5,000
10,000

$10,525
18,675
10,800
2,260
14,250
5,350
20,774
5,500
11,950

00
00
00
00
00
00
00
00
00

$10,000
15,000
10,000
2,000
12,000
5,000
20,000
5,000
10,000

00
00
00
00
00
00
00
00
00

10,000
13,000
3,500
15,000
5,000

11,150
14,690
3,631
15,900
5,475

00
00
00
00
00

10,000
13,000
3,500
15,000
5,000

00
00
00
00
00

$135,500

$150,930 00

$135,500 00

Total A m ou n t o f L o a n s, with E a ch S pecified R ate o f Interest.

Amount.

$8,7 0 0 00
25,000 00

Bate.

If per cent.
“

2

Kate.

Amount.

3J per cent.

$647,446 82

Amount.

$10,000 00
17,200 00

4

Kate.

5 per cent.

“

Amount invested in real estate for banking purposes,.................................... $31,000 00
Estimated value of the same,.................................................................................
31,000 00
Assessed value of the same, .................................................................................
22,400 00
Net income received from same during year ending Oct. 31, 1898,
.
.
1,387 51
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 s a m e ,.................................................................................
300 00
Number of loans which are of an amount not exceeding $3,000 each, 412
Aggregate amount of the s a m e , ........................................................................
305,809 82
Total number of loans upon real e s t a t e , .............................................388
Amount of investments from which no income is received, .
.
.
.
200 00
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1 8 9 8 , ...............................................................
47,243 67
Times for the dividends fixed by the by-laws: January 1 and July 1.
Rate and amount of each semi-annual dividend f 2 per cent., $17,832 85 1 gg ggg ^
during the year ending Oct. 31, 1898,
.
.1 2 per cent.,
18,205 72 I
’
Number of accounts opened during the year ending Oct. 31, 1898,
. 370
Number of accounts closed during the year ending Oct. 31, 1898,
. 227
Total number of open accounts Oct. 31, 1898,
.
.
.
.
2,671


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Federal Reserve Bank of St. Louis

144

R E P O R T O F TH E

[Pub. D oc.

Crocker Institution for Savings — Concluded.
Total expenses of the corporation for the year ending Oct. 31, 1893 (ex­
clusive of taxes),...................................................................................................$2,966 13
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 8 9 8 ,..........................................................................................
121,225 30
Number of s a m e ,.................................... ........
2,235
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1898............................................................................................................
110,513 22
Number of s a m e , ................................................................................. 1,605
Date of examination by commissioner : March 24.


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Federal Reserve Bank of St. Louis

No. 8 .]

SA V IN G S B A N K COM M ISSION ERS

145

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.
A ugustus M u d g e , President.
A l b io n F. W

Present number of corporators, 39.
A l b io n F. W

elch,

elch,

Treasurer.

Clerk o f the Corporation.

Names of committee charged with the investment of its funds :
I ra P . P ope,
C h a r l e s H . P r e st o n ,
C h a r l e s H . G ould,
J. F r a n k P o r t e r ,
C h a r l e s H . W h it e .

Open for business every business day except Saturdays, 8
Saturdays, 8 a . m . to 12 m .

a .m .

to 12 m . ; 1 to 3

p .m .

;

B a l a n c e S h e e t O c t o b e r 31, 1898.

A ssets.

Public funds, as per schedule, .
Bank stock, as per schedule,
Loans on bank stock,
Railroad bonds, as per schedule,
Loans on railroad stock, .
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
( n o t e s ) ,....................................
Loans on depositors’ books,
Deposits in banks, on interest, .
Deposits in banks, not on interest,
Expense account,
.
.
.
.
Tax account,
Taxes paid,
.
.
.
.
Cash on hand, .
.
.
.

L ia b il it ie s .

$ 10,000
134,900
36,350
190,000
50,000
50,530
565,397
529,290

00

50
00
00
00
00
44
00

Deposits, .
Guaranty fund, .
Interest account,
Earnings undivided,
Bank liquidation ac­
count, .

$1,497,866
74,000
4,947
53,128

1,847 28

2,500 00
400 00
55,989 76
2,000 00
191 66

655 85
11 02

3,573 29
$1,631,789 52

$1,631,789 62

Cash on Deposit in Banks, amount in each : —
Faneuil Hall National Bank, B o s t o n ,............................................................... $49,828 13
First National Bank, D a n v e r s , ........................................................................ 8,16163


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Federal Reserve Bank of St. Louis

04
00
70
50

146

[Pub. D oc

R E P O R T O F TH E

Danvers Savings Bank — Continued.
Loans on Bank Stock, amount on each: —
6 shares Salem National Bank, Salem............................................
16 shares First National Bank, D a n v e r s ,................................
3 shares Naumkeag National Bank, Salem,
.
.
.
.
232 shares Massachusetts National Bank, Boston,
50 shares Amesbury National Bank, Amesbury,
200 shares Traders’ National Bank, Lowell.......................................
10 shares First National Bank, D a n v e r s ,....................................

I

$1,750 00
14.000
4,000
16.000
600

00
00
00
00

Loan on Railroad Stock: —
500 shares Boston & Maine R .R ., preferred,

.

.

.

.

.

$50,000 00

D etailed Statem ent o f P u blic F u n d s.

City of Boston, Mass., 4s,

Par Value.

Estimated
Market Value.

Amount Invested,

$ 1 0 ,0 0 0

$ 1 0 ,1 0 0 0 0

$ 1 0 ,0 0 0 00

No. of
Shares.

D etailed Statem ent o f B an k Stocks. '

50
35
85
34
68
20
50
60
71
65
70
50
50
80
10
25
131
75
125
20
10
270
7
5
25

Par Value.

Atlas National Bank, Boston, .
Blackstone N ’l Bank, Boston, .
Globe National Bank, Boston,
Hancock Nat’l Bank, Boston, .
Howard Nat’l Bank, Boston, .
Lincoln Nat’l Bank, Boston, .
Merchants’ Nat’l Bank, Boston,
N ’l B’k of Commerce, Boston,
N ’l B’k of No. America, Boston,
N ’l B’k of Redemption, Boston,
Nat’l Exchange Bank, Boston,
National Revere Bank, Boston,
State National Bank, Boston, .
Third National Bank, Boston,.
Tremont Nat’l Bank, Boston, .
Washington N ’l Bank, Boston,
First Nat’l Bank, Danvers,
National Bank of Commerce,
New Bedford,
First N ’l Bank, New Bedford,
Warren Nat’l Bank, Peabody,
Rockport N ’l Bank, Rockport,
Asiatic National Bank, Salem,
First National Bank, Salem, .
Naumkeag Nat’l Bank, Salem,
Salem National Bank, Salem,


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

Estimated
Market Value.

Amount Invested

$5,000
3,500
8,500
3,400
6,800
2,000
5,000
6,000
7,100
6,500
7,000
5,000
5,000
8,000
1,000
2,500
9,825

$5,450
2,730
8,500
850
6,613
1,310
7,750
6,330
7,259
7,361
9,135
4,600
5,587
7,140
710
2,818
9,563

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

$5,675
3,500
10,612
3,345
6,800
2,100
6,475
6,000
7,268
7,901
7,097
5,000
5,356
8,000
1,000
2,500
10,197

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

4,500
12,500
2,000
1,000
8,100
700
500
2,500

2,625
15,625
2,400
1,080
7,560
588
600
2,300

00
00
00
00
00
00
00
00

5,962
14,947
2,000
1,000
8,100
700
500
2,862

50
25
00
00
00
00
00
50

$123,925

$126,486 25

$134,900 50

No. 8 .]

147

SA V IN G S B A N K CO M M ISSION ERS.

Danvers Savings Bank— Concluded.
D etailed Statem ent o f R ailroad Bonds.

Par Value.

Boston & Maine R.R. 4s, .
Boston, Winthrop & Shore R R. 5 s ,.
Conn. & Passurapsic Rivers R.R. 4s,
Fitchburg R.R. 4s, .
Fitchburg R.R. 5s,
Maine Central R.R. 4s,
Penobscot Shore Line R.R. 4 s ,.
Upper Coos R.R. 4£s,
Worcester, Nashua & Roeh. R.R. 4s,

$35,000
20,000
25,000
20,000
10,000
25,000
15,000
25,000
15,000
$190,000

Estimated
Market Value.

$39,375
21,600
28,500
21,000
10,650
26,250
15,825
27,000
16,800

Amount Invested.

00
00
00
00
00
00
00
00
00

$207,000 00

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

00
00
00
00
00
00
00
00
00

$190,000 00

Total A m ou n t o f L oa n s, with E ach Specified Rate o f Interest.

Rate.

Amount.

Rate.

per cent.
“
“
ii
“

$106,500 00
456,143 44
59,520 00

4^ per cent.
5
«
5è
“

Amount.

$55,989
50.000
174,500
90.000

76
00
00
00

2

3&
4

Rate.

Amount.

$238,524 00
4,500 00
4,250 00

6
6é

per cent.
“

7

Value, by books, of real estate, held or owned by foreclosure or otherwise,
$50,530 00
Assessed value of the s a m e ,.................................................................................
45,900 00
Net income received from same during year ending Oct. 31, 1898,
.
.
1,705 74
Number of loans which are of an amount not exceeding $3,000 each, 246
Aggregate amount of the same...............................................................................
228,053 00
Total number of loans upon real e s t a t e , .............................................260
Amount of investments from which no income is received, .
.
.
.
530 00
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1 8 9 8 , ...............................................................
72,299 04
Times for the dividends fixed by the by-laws : April 1 and October 1.
Rate and amount of each semi-annual dividend f 2 per cent., $28,024 03 j
56,772 85
during the year ending Oct. 31, 1898,
.
1 2 per cent.,
28,748 82 i
Number of accounts opened during the year ending Oct. 31, 1898,
. 399
Number of accounts closed during the year ending Oct. 31, 1898,
. 304
Total number of open accounts Oct. 31, 1898,
.
.
.
.
4,138
Total expenses of the corporation for the year ending Oct. 31, 1898 (ex­
clusive of taxes), ...................................................................................................
3,358 60
Amount of deposits, not including dividends, received during the year
186,541 59
ending Oct. 31, 1 8 9 8 ,.................................... ........
Number of s a m e , ................................................................................. 2,335
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 8 9 8 , ...................................................................................................
185,012 65
Number of s a m e , ................................................................................. 2,637
Date of examination by commissioner: January 17.


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Federal Reserve Bank of St. Louis

[Pub. Doc

R E P O R T O F TH E

148

D E D H A M IN S T IT U T IO N FOR S A V IN G S — D E D H A M .

Incorporated March 19, 1831.

Present number of corporators, 94.

A u g ustus B . E n d ic o t t , President.
A l f r e d H e w i n s , Treasurer.
A l f r e d H e w i n s , Clerk o f the Corporation.

Names of committee charged with the investment of its funds:
A ugustus B . E n d ic o t t ,
H o w a r d Co lb u r n ,
W in s l o w W a r r e n ,
John R . B u l l a r d ,
D on G . H i l l .

Open for business every business day except Saturdays, 9 a .m . to 12.30
4 p . m . ; Saturdays, 9 a .m . to 12 m .

B alance

Sh eet

O ctober

p .m . ;

2 to

31, 1898.

L ia b il it ie s .

A ssets.

Public funds, as per schedule, .
Bank stock, as per schedule,
Railroad bonds, as per schedule,
Real estate (for banking pur­
poses), . . .
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,
Stock in Howland Mills,* .

$952,000 00
70,100 00
772,500 00
35,000 00
544,625 00
621,000 00

Deposits, .
Guaranty fund,
Profit and loss ac­
count, .
Bank liquidation ac­
count, .

$2,985,578 64
144,830 16
100,709 04
389 00

109,875 00
111,906 84
2,000 00

12,500 00
$3,231,506 84

$3,231,506 84

* T aten to secure indebtedness.

Cash on Deposit in Bank: —
Dedham National Bank, D e d h a m , ............................................................... $113,906 84*


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Federal Reserve Bank of St. Louis

* This deposit has since been reduced within the legal limit.

No. 8 .]

149

SA V IN G S B A N K COM M ISSION ERS

Dedham Institution for Savings — Continued.
D etailed Statem ent o f P u blic Fu nd s.

Par Value.

City of Akron, Ohio, 5s, .
of Bangor, Me., 6s, .
of Boston, Mass., 4s,
of Boston, Mass., 6s,
of Bridgeport, Conn., 4s, .
of Cambridge, Mass., 6s, .
of Canton, Ohio, 5s, .
of Chicago, 111., 7s, .
of Cleveland, Ohio, 5s,
of Dayton, Ohio, 5s, .
of Dayton, Ohio, 6s, .
of Fail River, Mass , 4 4 s ,.
of Fall River, Mass., 4£s,
of Fall River, Mass., 6s, .
of Grand Rapids, Mich., 4£s,
of Grand Rapids, Mich., 5s,
of Kansas City, M o., 4^s, .
of Lynn, Mass., 4s, .
of Manchester, N. H ., 4s, .
of Manchester, N. IL, 4^s,
of Milwaukee, W is., 5s, .
of Newton, Mass., 4s,
of Newton, Mass., 6s,
of Norwich, Conn., 7s,
of Portland, Me , 6 s ,.
of Portsmouth, N. H ., 4 s ,.
of Providence, R. I., 4£s, .
of Scranton, Pa., 4js,
of Somerville, Mass., 4<£s,.
of Springfield, Mass., 6s, .
of Springfield, Ohio, 4£s, .
of Springfield, Ohio, 5s, .
Town of Danvers, Mass., 5s, .
of Hopkinton, Mass., 5s,
of Melrose, Mass., 4s,
of Methuen, Mass., 4s, .
District of Columbia 5s, .


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

.

$22,000
18,000
112,000
10,000
38,000
10,000
15,000
2,000
44,000
25,000
10,000
25,000
35,000
17,000
38,000
10,000
25,000
52,000
14,000
15,000
50,000
45,000
16,000
25,000
48,000
20,000
20,000
25,000
15,000
2,000
40,000
10,000
4,000
20,000
20,000
25,000
30,000

Estimated
Market Value.

$23,100
20,700
120,120
11,150
42,175
11,400
15,125
2,035
47,460
28,625
10,500
28,187
38,387
17,571
43,415
10,825
28,250
56,755
15,155
17,043
53,167
52,100
18,480
29,875
58,080
21,000
20,200
28,935
15,450
2,335
45,800
11,925
4,430
22,800
21,825
27,875
30,225

00
00
00
00
00
00
00
00
00
00
00
00
00
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.

$22,000
18,000
112,000
10,000
38,000
10,000
15,000
2,000
44,000
25,000
10,000
25,000
35,000
17,000
38,000
10,000
25,000
52,000
14,000
15,000
50,000
45,000
16,000
25,000
48,000
20,000
20,000
25,000
15,000
2,000
40,000
10,000
4,000
20,000
20,000
25,000
30,000

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

$952,000 $1,052,480 00 $952,000 00
Legal investments when made.

R E P O R T O F TH E

150

[Pub. D oc

Dedham Institution for Savings — Continued.

No. of
Shares.

D etailed Statem ent o f B a n k Stocks.

145
50
25
40
75
25
56
60
50
25
150

Par Value.

Atlas National Bank, Boston, .
Blackstone Nat’l B’k, Boston,.
Globe National Bank, Boston,
Howard National B’k, Boston,
N ’l B ’k of Commerce, Boston,
National Union Bank, Boston,
National Webster B’k, Boston,
People’s Nat’l Bank, Boston, .
Shawmut Nat’l Bank, B oston,.
State National Bank, Boston, .
Dedham Nat’l Bank, Dedham,

Estimated
Market Value.

$14,500
5,000
2,500
4,000
7,500
2,500
5,600
6,000
5,000
2,500
15,000

$15,805
3,900
2,500
3,890
7,912
3,331
5,726
7,200
6,100
2,793
15,750

$70,100

$74,908 50

00
00
00
00
50
25
00
00
00
75
00

Amount Invested.

$14,500
5,000
2,500
4,000
7,500
2,500
5,600
6,000
5,000
2,500
15,000

00
00
00
00
00
00
00
00
00
00
00

$70,100 00

D etailed Statem ent o f R ailroad Bonds.

Boston & Albany R.R. 4s,
Boston & Albany R.R. 5s,
Boston, Clinton, Fitchburg & New
Bedford R.R. 5s, .
Boston & Lowell R.R. 4s,
Boston & Lowell R R. 4£s,
Boston & Lowell R.R. 5 s ,.
Boston & Maine R.R. 4ès,
Boston, Revere Beach & Lynn R.R.
4 i s , ..................................................
Boston, Winthrop & Shore R.R. 5s, .
Eastern R.R. 6s,
.
.
.
.
Fitchburg R.R. 4s, .
Fitchburg R.R. 5s,
Maine Central R.R. 4is, .
Maine Central R.R. 7s,
Newport & Riehford R.R. 5s, .
New York & New England R.R. 6s,
New York, New Haven & Hartford
R.R. 4s, ..................................................
N . Y ., Providence & Boston R.R. 7s,
Old Colony R.R. 4s, .
Old Colony R.R. 4£s,
Portland & Ogdensburg R.R. 6s,
Portsmouth, Great Falls & Conway
R.R. 4 ^ s , ........................................
Vermont & Massachusetts R.R. 5s, .


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

*

Par Value.

Estimated
Market Value.

Amount Invested.

$25,000
80,000

$26,937 00
84,000 00

$25,000 00
80,000 00

35,000
20,000
5,000
5,000
45,000

39,900
22,725
5,225
5,025
55,800

00
00
00
00
00

35,000
20,000
5,000
5,000
45,000

00
00
00
00
00

25,000
28,000
40,000
70,000
15,000
3,000
11,000
35,000
25,000

28,750
30,170
47,200
72,675
15,425
3,300
14,850
38,500
28,250

00
00
00
00
00
00
00
00
00

25,000
28,000
40,000
70,000
15,000
3,000
11,000
35,000
25,000

00
00
00
00
00
00
00
00*
00

50,000
40,000
25,000
25,000
31,500

56,750
40,000
28,250
26,312
32,445

00
00
00
00
00

50,000
40,000
25,000
25,000
31,500

00
00
00
00
00

15,000
119,000

18,450 00
126,140 00

15,000 00
119,000 00

$772,500

$847,079 00

$772,500 00

A legal investment when made.

No. 8 .]

S A Y IN G S B A N K CO M M ISSION ERS.

151

Dedham Institution for Savings — Concluded.
Total A m ou n t o f L oan s, with E a ch Specified R ate o f Interest.

Amount.

$111,906 84
65.000 00
25.000 00

Bate.

2 per cent.

3|
3&

“
“

Amount.

Bate.

Amount.

$511,375 00

4 per cent.
4|
“
4f

$ 201,000 00
3,800 00
424,325 00

20,000 00

25,000 00

Bate.

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 s a m e ,.................................................................................
Net income received from same during year ending Oct. 31, 1898,
Number of loans which are of an amount not exceeding $3,000 each, 374
Aggregate amount of the same...............................................................................
Total number of loans upon real e s t a t e , ............................................. 409
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1 8 9 8 , ...............................................................
Times for the dividends fixed by the by-laws: second Saturday in May
and November.
Rate and amount of each semi-annual dividend f 2 per cent., $53,950 82 )
during the year ending Oct. 31, 1898,.
.
I 2 per cent.,
55,241 62 J
Number of accounts opened during the year ending Oct. 31, 1898,
. 864
Number of accounts closed during the year ending Oct. 31, 1898,
. 600
Total number of open accounts Oct. 31, 1898,
.
.
.
.
7,502
Total expenses of the corporation for the year ending Oct. 31, 1898 (ex­
clusive of taxes),
..........................................................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 8 9 8 ,..........................................................................................
Number of s a m e , ................................................................................. 4,836
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1898.................................... ............................................ ........
Number of s a m e , ................................................................................. 4,435
Date of examination by commissioner: March 21.


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

$35,000
50.000
60.000
529

00
00
00

60

344,675 00

145,044 53

109,192 44

6,423 62
447,182 99

396,720 49

152

R E P O R T O F TH E

[Pub. D oc

D O RCH ESTER S A V IN G S B A N K — D O RCH ESTER.
Incorporated April 16,1894.

Present number of corporators, 41.

F r e d e r i c k L. W a l k e r , President.
G e o r g e T. S e a r s , Treasurer.
H e n r y S. M cP h e r s o n , Clerk o f the Corporation.

Names of committee charged with the investment of its funds :
A l b e r t H . Ste a r n s,

G eorge T . S e a r s,

J o h n E. T u t t l e ,
H e n r y G. A l l b r ig h t ,
G eorge L . B u r t .

Open for business every business day except Saturdays, 2 to 7 p
2 to 9 p . m .

Balance

Sh eet

O ctober

A ssets.

Railroad bonds, as per schedule,
Loans on real estate, .
Deposits in banks, on interest, .
Furniture and fixtures,
Cash on hand.................................

.m .

; Saturdays,

31, 1898.

L ia b il it ie s .

$12,497
43,700
3,889
1,802
911

50
00
74
83
02

Deposits, .
Guaranty fund,

$62,723 79
77 30

$62,801 09

$62,801 09

Cash on Deposit in Banks, amount in each: —
Central National Bank, B o s t o n ,........................................................................ f 3,292 77*
Winthrop National Bank, B o s t o n , ................................................................
596 97
* This amount, in excess of the legal limit, has since been reduced.

D etailed Statem ent o f R ailroad Bonds.

Dexter & Piscataquis R.R. 4s, .
Fitchburg R.R. 4s, .
Maine Central R R. 4s,


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Federal Reserve Bank of St. Louis

Par Value.

Estimated
Market Value.

$3,000
6,000
3,000

$3,180 00
6,480 00
3,150 00

$3,195 00
6,212 50
3,090 00

$12,000

$12,810 00

$12,497 50

Amount Invested.

No. 8 .]

153

S A Y IN G S B A N K CO M M ISSION ERS.

Dorchester Savings Bank — Concluded.
Total A m ou n t o f L oa n s, w ith E ach Specified B ate o f Interest.

Rate.

Amount.

$3,889 74

2

per cent.

Amount.

$34,400 00

Rate.

5 per cent.

Amount.

$9,300 00

Number of loans which are of an amount not exceeding $3,000 each,
5
Aggregate amount of s a m e ,.................................................................................
Total number of loans upon real e s t a t e , ............................................. 12
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1 8 9 8 , ...............................................................
Times for the dividends fixed by the by-laws: second Wednesday in April

Rate.

5J per cent.

$9,400 00

2,052 99

and October.
Rate and amount of each semi-annual dividend during the year ending Oct.
31, 1898, 2 per cent.................................................................................................
Number of accounts opened during the year ending Oct. 31, 1898,
. 338
Number of accounts closed during the year ending Oct. 31, 1898,
. 197
Total number of open accounts Oct. 31, 1 8 9 8 , .................................... 991
Total expenses of the corporation for the year ending Oct. 31, 1898 (ex­

885 79

clusive of taxes),
..........................................................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1898..............................................................................................
Number of s a m e , .................................................................................2,817
Amount of withdrawals, including dividends, during the year ending Oct.

1,132 43

31, 1 8 9 8 , ............................................................................................................
Number of s a m e , .................................................................................1,159
Date of examination by commissioner: April 6 .


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Federal Reserve Bank of St. Louis

45,830 38

30,671 04

154

R E P O E T O F TH E

[Pub. D oc

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

Incorporated April 26, 1848.

Present number of corporators, 26.

G e o r g e T. S a m p s o n , President.
W i l l i a m B . P ig e o n , Treasurer.
W i l l i a m B. P ig e o n , Clerk o f the Corporation.

Names of committee charged with the investment of its funds:
John T hom pson,
G e o r g e L. T h o r n d ik e ,
W i l l i a m B. P ig e o n ,
W i l l i a m W a t e r s , Jr.,
R u fu s C u s h m a n ,
E b e n M. M cP h e r s o n ,
P e t e r M o r r is o n .

Open for business every business day, 9 a .m . to 2 p .m . ; also Saturdays, 7 to 9
during June, July, August and September, close at 1 p .m . Saturdays.

B alance

Sh ee t

O ctober

p .m .

;

31, 1898.

A ssets.

L ia b il it ie s .

Public funds, as per schedule, .
Bank stock, as per schedule,
Loans on bank stock,
Railroad bonds, as per schedule,
Real estate (for banking pur­
poses), ....................................
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Deposits in banks, on interest, .
Expense account,
Consolidated R .R . of Yermont
b o n d s ,* ....................................
Cash on hand, .
.
.
.

$632,000
228,871
800
395,000

00
00
00

00

10,000 00

6,500
1,675,800
206,968
85,473
3,540

00
75
75
58
97

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

$3,035,599 63
147,238 20
26,581 22
61,067 18
5,784 70

17,500 00
13,815 88
$3,276,270 93

$3,276,270 93

* Taken to secure indebtedness.

Cash on Deposit in Banks, amount in each: —
First Ward National Bank, East B o s t o n , ...................................................... $63,650 44
First National Bank, B o s t o n , ........................................................................
21,823 14

Loan on Bank Stock : —
8 shares First Ward National Bank, East Boston............................................. $800 00


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Federal Reserve Bank of St. Louis

No. 8 .]

SA Y IN G S B A N K COM M ISSION ERS

155

East Boston Savings Bank — Continued.
D etailed Statem ent o f P ublic F u n d s.

Par Value.

City of Bangor, Me., 6s, .
of Boston, Mass., 5s,
of Cambridge, Mass., 6s, .
of Cleveland, Ohio, 5s,
of Dayton, Ohio, 5s, .
of Dayton, Ohio, 6s, .
of Detroit, Mich., 6s,
of Fall River, Mass., 4|s, .
of Fall River, Mass., 5s, .
of Fall River, Mass., 6s, .
of Fort Wayne, Ind., 6s, .
of Gloucester, Mass., 4s, .
of Grand Rapids, Mich., 4£s,
of Grand Rapids, Mich., 5s,
of Lynn, Mass., 4s, .
of Manchester, N. H., 4£s,
of Milwaukee, W is., 5s, .
of Minneapolis, Minn., 7s,
of Newton, Mass., 4s,
of Newton, Mass., 6s,
of Portland, Me., 6s, .
of Providence, R. T , 4£s, .
of Providence, R. I., 5s, .
of Saginaw, Mich., 4£s,
of Salem. Mass., 5s, .
of Springfield, Ohio, 4£s, .
of Springfield, Ohio, 5s, .
of St. Louis, Mo., 6s,
of Waltham, Mass., 4s,
of Woonsocket, R. I., 4s, .
County of Aroostook, Me., 4£s,
District of Columbia 7s, .
United States 5s,
.
.
.

.

$5,000
80,000
8,000
16,000
35,000
5,000
9,000
15,000
9,000
8,000
3,000
2,000
13,000
10,000
5,000
20,000
53,000
5,000
10,000
10,000
42,000
12,000
38,000
5,000
20,000
21,000
17,000
30,000
25,000
50,000
25,000
1,000
25,000
$632,000

*

Estimated
Market Value.

$5,762
90,000
9,170
17,120
40,955
5,230
10,710
16,875
10,305
9,227
3,075
2,100
14,685
10,800
5,500
22,600
61,374
5,625
11,200
11,575
50,820
12,060
41,775
5,210
21,650
29,003
20,155
34,800
27,000
52,125
26,875
1,152
28,187

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

$709,483 00

Amount Invested.

$5,000
80,000
8,000
16,000
35,000
5,000
9,000
15,000
9,000
8,000
3,000
2,000
13,000
10,000
5,000
20,000
53,000
5,000
10,000
10,000
42,000
12,000
38,000
5,000
20,000
21,000
17,000
30,000
25,000
50,000
25,000
1,000
25,000

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

$632,000 00

Legal investments when made.

No. of
Shares.

D etailed Statem ent o f B a n k Stocks.

100
50
40
200

Par Value.

Atlantic Nat’l Bank, Boston, .
Atlas National Bank, Boston, .
Blackstone N ’l Bank, Boston, .
Boston National Bank, Boston,


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

$10,000
5,000
4,000
20,000

Estimated
Market Value.

$11,200
5,450
3,120
19,850

00
00
00
00

Amount Invested.

$10,000
5,000
4,000
20,000

00
00
00
00

[P ub. D oc.

R E P O R T O F TH E

156

East Boston Savings Bank — Continued.

No. of
Shares.

D e ta iled S ta tem en t o f B a n k S tock s

60
40
115
150
162
30
50
50
4
50
50
170
12
150
40
100
100
50
100
66
6
10
10
25
30
75
100
70
25

Par Value.

Boylston Nat’l Bank, Boston, .
Commercial N’l Bank, Boston,
Eliot National Bank, Boston, .
First Ward Nat’l B’k, Boston,.
Freeman’s Nat’l Bank, Boston,
Howard National B’k, Boston,
Manufacturers’ N’.l B’k,Boston,
Market National Bank, Boston,
Mechanics’ N’l Bank, Boston, .
Merchants’ Nat’l Bank, Boston,
Mt. Vernon N’l Bank, Boston,
N’l B’k of Commerce, Boston,
Nat’l Bank of the Commonwealth, Boston,
N’l B’k of No. America, Boston,
N’l B’k of Redemption, Boston,
N’l B’k of the Republic, Boston,
National Eagle Bank, Boston,
Nat’l Exchange Bank, Boston,
N’l Hide & Leather B’k, Boston,
National Revere Bank, Boston,
Nat’l Webster Bank, Boston, .
New England N’l B’k, Boston,
North National Bank, Bostcm,
Old Boston N’l Bank, Boston,.
Second National Bank, Boston,
Shoe & Leather N’l B’k, Boston,
State National Bank, Boston, .
Suffolk National Bank, Boston,
Tremont Nat'l Bank, Boston, .

— Concluded.
Estimated
Market Value.

Amount Invested.

$6,000
4,000
11,500
15,000
16,200
3,000
5,000
5,000
400
5,000
5,000
17,000

$7,260
3,040
14,950
19,500
16,200
2,917
5,000
3,850
484
7,750
4,812
17,935

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

$6,000
3,880
11,500
15,000
16,200
3,000
5,000
5,000
400
5,000
5,000
17,000

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

1,200
15,000
4,000
10,000
10,000
5,000
10,000
6,600
600
1,000
1,000
2,500
3,000
7,500
10,000
7,000
2,500

1,740
15,337
4,530
14,325
8,800
6,525
10,675
6,072
613
1,520
1,020
2,750
5,220
7,650
11,175
7,420
1,775

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

1,200
15,000
4,000
10,000
10,000
5,000
10,000
6,600
591
1,000
1,000
2,500
3,000
7,500
10,000
7,000
2,500

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

$229,000

$250,467 00 $228,871 00

D eta iled S ta tem en t o f R a ilr o a d B o n d s .

Par Value.

Boston & Albany R.R. 5s,
Boston, Clinton & Fitchburg R.R. 5s,
Boston & Maine R.R. 4^s,
Eastern R.R 6s,
.
.
.
.
Fitchburg R.R 5s...............................
Maine Central R.R. 4s,
Maine Central R.R. 4£s, .
Maine Central R.R. 6s,
Maine Central R.R. 7s,


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

$60,000
56,000
75,000
10,000
25,000
6,000
12,000
6,000
25,000

Estimated
Market Value.

$63,075
63,980
93,000
11,850
27,325
6,300
13,200
6,270
34,000

00
00
00
00
00
00
00
00
00

Amount Invested.

$60,000
56,000
75,000
10,000
25,000
6,000
12,000
6,000
25,000

00
00
00
00
00
00
00
00
00

No. 8 .]

157

S A Y IN G S B A N K COM M ISSION ERS

East Boston Savings B an k — Concluded.
D etailed Statem ent o f R ailroad Bonds — Concluded.
Estimated
Market Value.

Amount Invested.

$25,000
50,000
15,000

$29,750 00
55,000 00
15,562 00

$25,000 00
50,000 00
15,000 00

5,000

6,075 00

5,000 00

25,000

31,625 00

25,000 00

Par Value.

New York & New England R.R. 7s,
Old Colony R.R. 4s, .
Portland & Ogdensburg R.R. 6s,
Portsmouth, Great Falls & Conway R.R. 4^s,
.
.
.
.
St. Johnsbury & Lake Champlain
R.R. 5 s ,...........................................

$395,000 $457,012 00 $395,000 00

Total A m ou nt o f Loans, with E ach Specified Rate o f In terest.

Kate.

Amount.

Rate.

Amount.

per cent.
“
4
“
4|
“

$35,168 75
1,291,415 00
13,500 00

4^ per cent.
5
“
5|
“

$237,625 00
135,360 75
500 00

Amount.

$85,473
50.000
95.000
25.000

58
00
00
00

2

H

Kate.

5^ per cent.
“
7

6

$ 10,000 00
Amount invested in real estate for banking purposes,....................................
20,000 00
Estimated value of the s a m e , ........................................................................
20,000 00
Assessed value of the s a m e ,.................................................................................
Value, by books, of other real estate, held or owned by foreclosure or
6,500 00
otherwise..................................................................................................................
7,200 00
Assessed value of the s a m e ,.................................................................................
Number of loans which are of an amount not exceeding $3,000 each, 646
962,118 75
Aggregate amount of the s a m e , ........................................................................
Total number of loans upon real e s t a t e , ............................................. 761
Gross amount of interest or profits received or earned, as per books,
155,073 81
during year ending Oct. 31, 1 8 9 8 , ...............................................................
Times for the dividends fixed by the by-laws: third Wednesday in
January and July.
Rate and amount of each semi-annual dividend! 2 per cent., $54,638 92 ) 109,799 90
during the year ending Oct. 31, 1898,
.
.i 2 per cent., 55,160 98 i
Number of accounts opened during the yearending Oct. 31, 1898,
1,459
Number of accounts closedduring the year ending Oct. 31, 1898,
1,306
Total number of open accounts Oct. 31, 1898,
.
.
.
.
11,310
Total expenses of the corporation for the year ending Oct. 31, 1898 (ex­
10,275 27
clusive of taxes),
..........................................................................................
Amount of deposits, not including dividends, received during the year
712,832 00
ending Oct. 31, 1 8 9 8 ,..........................................................................................
Number of s a m e , ........................................................................................ 13,585
Amount of withdrawals, including dividends, during the year ending
713,742 39
Oct. 31, 1 8 9 8 , ...................................................................................................
Number of s a m e ,.........................................................................................11,213
Date of examination by commissioner: April 15.


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Federal Reserve Bank of St. Louis

158

R E P O R T O F TH E

[Pub. D oc

E A ST B R ID G E W A T E R S A V IN G S B A N K — E A ST B R ID G E WATER.
Incorporated March 8 , 1870.
S am uel K

e it h ,

Present number of corporators, 43.

President.

C h a r l e s F. M a n n , Treasurer.
C h 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 :
S am u e l K e it h ,
E dw ard H obart,
J ohn H o b a r t ,
J o sh u a D e a n ,
G e o r g e M. K e i t h ,
I sa a c N. N u t t e r ,
H enry Gurney.

Open fo r business every business day except Wednesdays, 9 a . m . to 12
4 p .m . ; also Wednesdays and Saturdays, 6.30 to 8 p . m .

B a l a n c e Sh e e t O cto ber

m.

; 2 to

31,1898.

■
A ssets.

L ia b il it ie s .

Public funds, as per schedule, .
Bank stock, as per schedule,
Railroad bonds, as per schedule,
Boston Terminal Co. bonds,
Real estate (for banking purp o s e s ) , ....................................
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
(n o te s ),....................................
Loans on depositors’ books,
Deposits in banks, on interest, .
Expense account,
Atlas Tack Co. bonds,*
Bank building expense and income account, .
.
.
.
Cash on hand, .
.
.
.

$43,400 00
75,900 00
97,000 00
10,000 00
10,000 00
9,626 86

395,048 95
257,256 80

Deposits, .
Guaranty fund,
Interest account,
Profit and loss account, .
Suspense account, .
Premiums,
Bank liquidation account, .

$888,408 94
36,500 00
15,257 58
11,085 75
123 50
412 50
692 50

21,000 00

65
25,517
881
6,334

00
55
30
33

274 88
175 10
$952,480 77

$952,480 77

* Taken to secure indebtedness.

Cash on Deposit in Banks, amount in each: —
Tremont National Bank, B o ston ,............................................. ........
Plymouth County S$fe Deposit and Trust Company, Brockton,


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Federal Reserve Bank of St. Louis

.

.

$20,541 67
4,975 88

No. 8 .]

159

SA V IN G S B A N K COM M ISSIONERS

East Bridgewater Savings Bank — Continued.
D etailed Statem ent o f P u blic F unds.

Par Value.

City of Brockton, Mass., 4s,
of Des Moines, Iowa, 4s, .
of Medford, Mass., 4s,
of New Britain, Conn., 4s,
of Rockford, 111., 4£s,
of Saginaw, Mich , 4s,
of Taunton, Mass., 4s,
Town of Westfield, Mass,, 5s, .

$3,000
5.000
5.000
5.000
10,000
5.000
5.000
5,400
$43,400

Estimated
Market Value.

$3,027
5,262
5,200
5,250
10,500
5,300
5,237
5,886

50
50
00
00
00
00
50
00

$45,663 50

Amount Invested.

$3,000
5.000
5.000
5.000
10,000
5.000
5.000
5,400

00
00
00
00
00
00
00
00

$43,400 00

No. of
Shares.

D etailed Statem ent o f B an k Stocks.

75
15
35
10
40
20
20
20
50
25
25
23
27
20
22
120
25
12
50
40
20
50
15
25

Par Value.

Fourth National Bank, Boston,
Freeman’s Nat’l Bank, Boston,
Globe National Bank, Boston,.
Hamilton Nat’l Bank, Boston,
Manufacturers’ N’l B’k, Boston,
Market Nat’l Bank, Boston,
National Bank of the Com­
monwealth, Boston,
N’l B’k of No. America, Boston,
N’l B’k of Redemption, Boston,
National City Bank, Boston, .
National Eagle Bank, Boston,
N’l Hide & Leather B’k, Boston,
National Webster B’k, Boston,
Shawmut Nat’l Bank, Boston,
State National Bank, Boston, .
Third National Bank, Boston,.
Tremont Nat’l Bank, Boston, .
Winthrop Nat’l Bank, Boston,
Brockton N’l Bank, Brockton,
Home Nat’l Bank, Brockton, .
First N’l Bank, West Newton,
Mass. Loan & Trust Co., Boston,
State Street Safe Deposit and
Trust Co., Boston,
Plymouth County Safe Deposit
and Trust Co.,"Brockton,


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Federal Reserve Bank of St. Louis

Estimated
Market Value.

$7,500
1,500
3,500
1,000
4,000
2,000

$8,850
1,500
3,500
1,140
4,000
1,540

00
00
00
00
00
00

2,000
2,000
5,000

2,900
2,045
5,662
125
2,200
2,455
2,760
2,440
2,458
10,710
1,775
1,632
6,000
7,000
2,100
5,350

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

-

2,500
2,300
2,700
2,000
2,200
12,000
2,500
1,200
5,000
4,000
2,000
5,000

Amount Invested.

$7,500
1,500
3,500
1,000
4,000
2,000

00
00
00
00
00
00

2,000 00
2,000 00
5,000 00
-

2,500
2,300
2,700
2,000
2,200
12,000
2,500
'1,200
5,000
4,000
2,000
5,000

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

1,500

1,575 00

1,500 00

2,500

2,500 00

2,500 00

$75,900

$82,219 00

$75,900 00

160

R E P O R T O F TH E

[Pub. D oc

East Bridgewater Savings Bank — Continued.
D etailed Statem ent o f R ailroad Bonds.

Par Value.

Boston & Albany R.R. 4s,
Boston & Lowell R.R. 4 s ,.
Boston & Maine R R. 4£s,
Boston, Winthrop & Shore R.R. 5 s ,.
Concord & Montreal R.R. 4s, .
Fitchburg R.R. 5s,
Fitchburg R R. 4s,
Newport & Richford R.R. 5s, .
Old Colony R.R. 4s, .
Penobscot Shore Line R.R. 4 s , .
Upper Coos R.R. 4 s ,.
Vermont & Massachusetts R.R. 5s, .

Estimated
Market Value.

$6,420
15,675
6,150
5,250
5,400
16,750
5,350
5,400
16,500
10,400
5,000
5,300

$6,000
15,000
5,000
5,000
5,000
16,000
5,000
5,000
15,000
10,000
5,000
5,000
$97,000

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

$103,595 00

Amount Invested.

$6,000
15,000
5,000
5,000
5,000
16,000
5,000
5,000
15,000
10,000
5,000
5,000

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

$97,000 00

* A legal investment when made.

Total A m ou nt o f Loans, with E ach Specified R ate o f In terest.

Amount.

$25,517 55
20,000 00
6,000 00

Kate.

2
4
4i

per cent.
“

“

Rate.

Amount.

$60,000 00
42,500 00
271,238 70

4J per cent.
4à

5

“

«

Kate.

Amount.

$24,647 25
248,384 80
600 00

5£ per cent.

6

“

7

$ 10,000 00
Amount invested in real estate for banking purposes,....................................
10,000 00
Estimated value of the s a m e , ........................................................................
8,400 00
Assessed value of the s a m e ,.................................................................................
Value, by books, of other real estate, held or owned by foreclosure or
9,626 86
o th erw ise,............................................. ..............................................................
9,450 00
Assessed value of the s a m e ,.................................................................................
Number of loans which are of an amount not exceeding $3,000 each,
309
248,804 80
Aggregate amount of the s a m e , ........................................................................
Total number of loans upon real e s t a t e , .............................................327
Gross amount of interest or profits received or earned, as per books,
44,222 31
during year ending Oct. 31, 1 8 9 8 , ...............................................................
Times for the dividends fixed by the by-laws: first Monday in January
and July.
Rate and amount of each semi-annual dividend f 2 per cent., $16,532 00 1
33,608 49
during the year ending Oct 31, 1898,
.
1 2 per cent.,
17,076 49 J
Number of accounts opened during the year ending Oct. 31, 1898,
. 195
Number of accounts closed during the year ending Oct. 31, 1898,
. 171
Total number of open accounts Oct. 31, 1898,
.
.
.
.
2,286


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Federal Reserve Bank of St. Louis

No. 8 .]

S A Y IN G S B A N K CO M M ISSION ERS.

161

East Bridgewater Savings Bank — Concluded.
Total expenses of the corporation for the year ending Oct. 31, 1898 (ex­
clusive of taxes),
.......................................................................................... $2,515 42
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 8 9 8 ,..........................................................................................
98,965 29
Number of s a m e , ................................................................................. 1,369
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 8 9 8 , ...................................................................................................
99,501 54
Number of s a m e ,.................................................................................1,372
Date of examination by commissioner : March 18.


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Federal Reserve Bank of St. Louis

162

[Pub. D oc

R E P O R T O F TH E

E A ST CA M BR ID G E S A V IN G S B A N K — E A ST C A M B R ID G E .

Incorporated April 29, 1854.

Present number of corporators, 30.

J o h n C. B u l l a r d , President.
W il l i a m E. L l o y d , Treasurer.
W i l l i a m E. L l o y d , Clerk o f the Corporation.

Names of committee charged with the investment of its funds:
J oh n C. B u l l a r d ,
W il l ia m G o e p p e r ,
G ustavu s G o e p p e r ,
D a y id P r o u d fo o t ,
B e n j . F. T h o m p s o n .

Open for business every business day, 9

a .m .

to 1 p . m .

B a l a n c e S h e e t O c t o b e r 31,1898.

L ia b il it ie s .

A ssets.

Public funds, as per schedule, .
Bank stock, as per schedule,
Loans on bank stock,
Railroad bonds, as per schedule,
Real estate (for banking pur­
poses) , ....................................
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Loans on depositors’ books,
Deposits in banks, on interest, .
Deposits in banks, not on interest,
Expense account,
Suspense account,
East Cambridge Land Co.,
Cash on hand, .
.
.
.

$57,000
132,816
39,400
120,500

00
67
00
00

25,000
13,946
1,916,957
688,368
750
85,767
4,000
427
316

00
92
44
71
00
96
00
02
05
1 00
15,309 14

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

$3,100,560 91

$2,867,870 04
139,915 89
820 47
90,270 81
1,683 70

$3,100,560 91

Cash on Deposit in Banks, amount in each : —
Lechmere National Bank, East Cambridge,...................................................... $39,767 96
Cambridge National Bank, East Cambridge.......................................................
50,000 00*
* This amount, in excess of the limit, has since been reduced.


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Federal Reserve Bank of St. Louis

No. 8 .]

163

S A Y IN G S B A N K CO M M ISSION ERS.

East Cambridge Savings Bank — Continued.
Loans on Bank Stock, amount on each: —
$30,000 00

300 shares Cambridge National Bank, East Cambridge,
21 shares Framingham National Bank, South Framingham,
5 shares Concord National Bank, Concord,
10 shares Lechmere National Bank, East Cambridge,
8 shares First National Bank, Westborough,
.
8 shares Merchants’ National Bank, Boston,
30 shares Lechmere National Bank, East Cambridge,
14 shares Lechmere National Bank, East Cambridge,

-

5,000 00*

3,000 00
1,400 00

* This loan is in excess of the legal limit, and the bank has been notified to reduce the same.

Detailed Statement o f Public Funds.

Par Value.

City of Brockton, Mass., 4s,
of Cleveland, Ohio, 4s,
of Grand Rapids, Mich., 4^s,
of Lynn, Mass., 4s, .
of Quincy, Mass., 4s,
of Toledo, Ohio, 4£s,
Town of Webster, Mass., 4s, .
of W ellesley, Mass., 4 s ,.

.

$3,000
10,000
10,000
10,000
7.000
1.000
10,000
6,000
$57,000

Estimated
Market Value.

$3,000
10,300
11.150
11.150
7,017
1,005
11,100
6,480

00
00
00
00
50
00
00
00

$61,202 50

Amount Invested.

$3,000
10,000
10,000
10,000
7.000
1.000
10,000
6,000

00
00
00
00
00
00*
00
00

$57,000 00

* This investment is illegal, and the bank has been notified that it must be eliminated from
its assets.

No. of
Shares.

Detailed Statement o f Bank Stocks.

7
36
63
41
30
12
20
50
21
60
5
50
40
67
80

Par Value.

Atlas National Bank, Boston, .
Blackstone N ’l Bank, B oston,.
Boston National Bank, Boston,
Bunker Hill N ’l Bank, Boston,
Continental N ’l Bank, Boston,
Eliot National Bank, Boston, .
Faneuil Hall N ’l Bank, Boston,
First Ward N ’l Bank, Boston,.
Globe National Bank, Boston,
Howard National Bank, Boston,
Massachusetts N ’l B’k, Boston,
Merchants’ Nat’l Bank, Boston,
Metropolitan N ’l B’k, Boston,.
N ’l Bank of Commerce, Boston,
National Bank of the Commonwealth, Boston,


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Federal Reserve Bank of St. Louis

$700
3,600
6,300
4,100
3,000
1,200
2,000
5,000
2,100
6,000
500
5,000
4,000
6,700
8,000

Estimated
Market Value.

Amount Invested.

$763
2,808
6,252
7,872
3,600
1,560
2,515
6,500
2,100
5,835
375
7,750
3,640
7,068

$700
3,600
6,300
4,100
3,000
1,200
2,000
4,000
2,100
6,000
500
5,000
4,000
6,700

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

11,600 00

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

8,000 00

[Pub. D oc

R E P O R T O F TH E

164

East Cambridge Savings Bank — Continued.

Ko. of
Shares.

D etailed Statem ent o f B ank Stocks — Concluded.

5
10
58
16
115
25
5
45
20
19
183
38
24
51
26
33
11
25
35
30
13

Par Value.

N ’l B’k of No. America, Boston,
N ’l B ’k of Redemption, Boston,
N ’l B’k of the Republic, Boston,
Nat’l Exchange Bank, Boston,
N ’l Hide & Leather B’k, Boston,
National Revere Bank, Boston,
National Union Bank, Boston,.
Nat’l Webster Bank, Boston, .
New England N ’l B ’k, Boston,,
North National Bank, Boston,
Third National Bank, Boston,.
Tremont National B’k, Boston,
Charles River National Bank,
Cambridge, .
.
.
.
Lechmere N ’l B’k, Cambridge,
Nat’l City Bank, Cambridge, .
Concord Nat’l Bank, Concord,
Fall River N ’l B’k, Fall River,
First National Bank, M ald en ,.
First N ’l Bank, Marlborough,.
Merchants’ Nat’l Bank, N ewburyport,
.
.
.
.
Newton Nat’l Bank, Newton, .

Estimated
Market Value.

Amount Invested.

$500
1,000
5,800
1,600
11,500
2,500
500
4,500
2,000
1,900
18,300
3,800

$511
1,132
8,308
2,088
12,276
2,300
666
4,601
3,040
1,938
16,332
2,698

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

$500
1,000
5,800
1,600
11,500
2,500
500
4,500
2,000
1,900
18,300
3,800

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

2,400
5,100
2,600
3,300
1,100
2,500
3,500

3,600
8,160
4,420
4,620
1,100
3,962
4,025

00
00
00
00
00
50
00

2,400
5,066
2,600
3,300
1,100
2,500
2,850

00
67
00
00
00
00
00

600
1,300

660 00
1,170 00

600 00
1,300 00

$134,500

$157,849 50

$132,816 67

D etailed Statem ent o f Baili'oad Bonds.

Par Value.

Boston & Albany R.R. 4s,
Conn. & Passumpsic Rivers R.R. 4s,
Eastern R.R. 6s,
.
.
.
Fitchburg R R. 4s,
Fitchburg R.R. 5s,
Maine Central R.R. 7s,
Old Colony R.R. 4s, .
Portsmouth, Great Falls & Conway
R.R. 4 ^ s , ........................................


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

$25,000
15,000
8,500
10,000
20,000
10,000
30,000

Estimated
Market Value.

$27,000
17,100
10,093
10,660
20,457
13,600
33,000

00
00
75
00
50
00
00

Amount Invested.

$25,000
15,000
. 8,500
10,000
20,000
10,000
30,000

00
00
00
00
00
00
00

2,000

2,440 00

2,000 00

$120,500

$134,351 25

$120,500 00

No. 8 .]

SA Y IN G S B A N K COM M ISSION ERS.

165

East Cambridge Savings Bank — Concluded.
Total A m ount o f L oan s, w ith E ach Specified Rate o f In terest.

Amount.

$2,554
85,767
25,000
125,000

Rate.

56
96
00
00

per cent.
“
3|
«
3$
“
0
2

Amount.

Rate.

Amount.

$297,029 54
186,300 on
15,700 00

4 per cent.
4^
“
4h
“

$1,507,985 32
357,578 11
128,328 62

Rate.

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 s a m e ,.................................................................................
Value, by books, of other real estate, held or owned by foreclosure or
otherw ise,........................................................................ ........
Assessed value of the s a m e ,.................................................................................
Number of loans which are of an amount not exceeding $3,000 each, 685
Aggregate amount of the s a m e , ........................................................................
Total number of loans upon real e s t a t e , ............................................. 851
Amount of investments from which no income is received..............................
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1 8 9 8 , ...............................................................
Times for the dividends fixed by the by-laws : April 15 and October 15.
Rate and amount of each semi-annual dividend [ 2 per cent., $51,139 121
during the year ending Oct. 31, 1898,
.
. 1 2£ per cent., 65,486 02 1
Number of accounts opened during the year ending Oct. 31, 1898,
1,651
Number of accounts closed during the year ending Oct. 31, 1898,
1,500
Total number of open accounts Oct. 31, 1898,
.
.
.
.
9,366
Total expenses of the corporation for the year ending Oct. 31, 1898 (ex­
clusive of taxes).....................................................................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 8 9 8 ,..........................................................................................
Number of s a m e , .................................................................................12,027
Amount of withdrawals, including dividends, during the year ending
..........................................................................................
Oct. 31, 1898,
.
Number of s a m e ,............................................................... .........
9,368
Date of examination by commissioner: February 15.


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

$25,000 00
25,000 00
18,700 00
14,262 97
12,800 00
978,911 12
2,554 56
135,800 92
116,625 14

7,219 43
682,602 75

631,654 78

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

No. 8 .]

167

SA V IN G S B A N K COM M ISSION ERS

Easthampton Savings Bank — Continued.

No. of
Shares.

Detailed Statement o f Bank Stocks.

100
14
7
20
20
50
25
200
100
44
100
50
58
60
100
111
100
50
100
59
100
89
130
30
50
50

Par Value.

First National Bank, Adams, .
Blackstone Nat’l Bank, Boston,
N ’l B’k of Commerce, Boston,
N ’l B’k of Redemption, Boston,
North National Bank, Boston,.
Second National Bank, Boston,
State National Bank, Boston, .
First N ’l Bank, Easthampton, .
Franklin C o.N ’l B’k, Greenfield,
First National Bank, Lynn,
Berkshire N ’l B ’k, No. Adams,
Hampshire Co. National Bank,
Northampton,
Northampton National Bank,
Northampton,
Pittsfield Nat’l B ’k, Pittsfield,.
Agawam N ’l Bank, Springfield,
Chapin N ’l Bank, Springfield,
Chicopee N ’l B’k, Springfield,
City National B ’k, Springfield,.
First N ’l Bank, Springfield,
John Hancock National Bank,
Springfield, .
.
.
.
Pynchon N ’l B’k, Springfield,.
Second Nat’l B’k, Springfield,.
Springfield N ’l B ’k, Springfield,
Housatonic National Bank,
Stock bri dge, .
.
.
.
First Nat’l Bank, Westfield, .
First Nat’l B’k, West Newton,

$10,000
1,400
700
2,000
2,000
5,000
2,500
20,000
10,000
4,400
10,000
5,000

Estimated
Market Value.

$12,500
1,092
738
2,265
2,040
8,700
2,793
20,000
10,200
5,500
11,000

00
00
50
00
00
00
75
00
00
00
00

1,000 00

Amount Invested.

$14,100
1,400
700
2,520
2,000
9,000
3,181
20,000
10,500
5,720
10,000

00
00
00
00
00
00
25
00
00
00
00

5,000 00

5,800
6,000
10,000
11,100
10,000
5,000
10,000

11,600
9,000
5,500
13,875
15,500
7,250
11,200

00
00
00
00
00
00
00

12,175
10,100
10,000
17,108
16,750
7,250
14,951

00
00
00
00
00
00
OO

5,900
10,000
8,900
13,000

6,490
14,000
11,570
18,850

00
00
00
00

7,465
15,250
13,570
16,350

00
00
00
00

3,000
5,000
5,000

4,200 00
6,500 00
5,150 00

4,000 00
7,000 00
5,000 00

$181,700

$218,514 25

$241,090 25

Total Amount oj Loans , with Each Specified Bate o f Interest.

Amount.

$51,107 76
443,599 61

Kate.

4 per cent.
5
“


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

Amount.

$99,625 00
61,225 00

Kate.

Amount.

5J per cent.
5è
“

$118,225 50

Kate.

6 per cent.

168

R E P O R T O F TH E

[Pub. Doc

Easthampton Savings Bank — Concluded.
Value, by books, of real estate, held or owned by foreclosure or otherwise,
$351 18
Assessed value of the s a m e ,.................................................................................
800 00
Net income received from same during year ending Oct. 1, 1898,
.
.
14 00
Number of loans which are of an amount not exceeding $3,000 each, 386
Aggregate amount of the s a m e , ........................................................................
453,144 61
Total number of loans upon real e s t a t e , ............................................. 375
Amount of investments from which no income is received, .
.
.
.
28,300 00
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1 8 9 8 , ...............................................................
50,602 93
Times for the dividends fixed by the by-laws: January 23 and July 23.
Rate and amount of each semi-annual dividend f 2 per cent., $19,762 85 )
„o roi 4fi
during the year ending Oct. 31, 1898,
.
. 1 2 per cent.,
19,768 61 J
’
Number of accounts opened during the year ending Oct. 31, 1898,
. 338
Number of accounts closed during the year ending Oct. 31, 1898,
. 320
Total number of open accounts Oct. 31, 1898,
.
.
.
.
2,593
Total expenses of the corporation for the year ending Oct. 31, 1898 (ex­
clusive of taxes),
..........................................................................................
2,987 49
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 8 9 8 ,..........................................................................................
147,050 66
Number of s a m e , ................................................................................. 1,785
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 8 9 8 , ...................................................... - ........................................
224,990 98
Number of s a m e ,................................................................................. 1,743
Date of examination by commissioner : May 20.


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Federal Reserve Bank of St. Louis

No. 8 .]

SA Y IN G S B A N K COM M ISSION ERS.

169

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

Incorporated Feb. 20, 1872.

Present number of corporators, 41.

N a t h a n D. Ca n t e r b u r y , President.
John A. R a y m o n d , Treasurer.
'J ohn A. R a y m o n d , Clerk o f the Corporation.

Names of committee charged with the investment of its funds
John W . B a t e s ,
H . F. B ic k n e l l ,
Joseph A. Cu s h in g ,
C. D . Ca n t e r b u r y .

Z. L. B ic k n e l l ,
E dm u n d G. B a t e s ,
N. D. Ca n t e r b u r y ,
T. H. E m erson ,

Open for business every business day except Saturdays, 2 to 5
days, 2 to 6 p . m .

B alance

Sheet

O ctober

; Satur­

31, 1898.

L ia b il it ie s .

A ssets.

Public funds, as per schedule, .
Bank stock, as per schedule,
Loans on bank stock,
Railroad bonds, as per schedule,
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
( n o t e s ) ,....................................
Loans on depositors’ books,
Deposit in bank, on interest,
Cash on hand, .
.
.
.

p .m .

$74,000
52,496
900
63,000
31,762
545,493
129,782

00
50
00
00
00
78
43

5,000
2,375
14,646
2.592

00
00
57
13

$922,048 41

Deposits, .
Guaranty fund,
Profit and loss ac­
count, .
Bank liquidation ac­
count, .

$859,680 01
42,075 00
18,921 21
1,372 19

$922,048 41

Cash on Deposit in Bank : —
Broadway National Bank, B o s t o n , ............................................................... $14,646 57
Loan on Bank Stock: —
10 shares Cape Cod National Bank, Harwich.....................................................$900 00*
* The bank has been notified that this loan, in excess of the legal limit, must be reduced.


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Federal Reserve Bank of St. Louis

[Pub. D oc.

R E P O R T O F TH E

170

East W eym outh Savings Bank — Continued.
Detailed Statement o f Public Funds.

Par Value.

City of Boston, Mass., 4s,
of Brockton, Mass., 4s,
of Cleveland, Ohio, 5s,
of Dayton, Ohio, 4s, .
of Detroit, Mich., 6s,
of Detroit, Mich., 7s,
of Fall River, Mass., 6s, .
of Fort Wayne, Ind., 4 J s,.
of Lynn, Mass., 5s, .
of Newton, Mass., 6s,
of Peoria, III., 7s,
of Portland, Me., 6 s ,.
of Providence, R. I., 5s, .
of Springfield, Mass., 6s, .
of Springfield, Mass., 7s, .
Town of South Abington, Mass., 4s,
of Turner’s Falls, Mass., 4s, .
of Weymouth, Mass., 4s,
District of Columbia 7s, .

*

Estimated
Market Value.

$10,000
10,000
3,000
3,000
1,000
2,000
2,000
5,000
1,000
2,000
3,000
3,000
2,000
1,000
1,000
5,000
5,000
11,000
4,000

$10,100
10,700
3,390
3,060
1,180
2,370
2,300
5,500
1,090
2,300
3,060
3,600
2,240
1,165
1,160
5,400
5,325
11,880
4,400

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

$74,000

$80,220 00

Amount Invested.

$10,000
10,000
3,000
3,000
1,000
2,000
2,000
5,000
1,000
2,000
3,000
3,000
2,000
1,000
1,000
5,000
5,000
11,000
4,000

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

$74,000 00

A legal investment when made.

No. of
Shares.

Detailed Statement o f Bank Stocks.

30
10
35
25
5
26
25
38
17
20
25
33
25
22
2
16

Par Value.

Boston National Bank, Boston,
Central National B’k, Boston,.
Columbian Nat’l B’k, Boston, .
Everett Nat’l Bank, Boston, .
First W ard N ’l Bank, Boston,.
Freeman’s N ’l Bank, Boston, .
Globe National Bank, Boston,
Howard Nat’l Bank, Boston, .
Manufacturers’ N ’l B’k, Boston,
Metropolitan N ’l B’k, Boston,.
N ’l B’k of Commerce, Boston,
N ’l B’k of No. America, Boston,
Nat’l Exchange Bank, Boston,
N ’l Hide & Leather B’k, Boston,
National Revere Bank, Boston,
Old Boston Nat’l B ’k, Boston,.


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

$3,000
1,000
3,500
1,250
500
2,600
2,500
3,800
1,700
2,000
2,500
3,300
2,500
2,200
200
1,600

Estimated
Market Value.

$2,977
1,190
3,395
1,000
650
2,600
2,500
3,695
1,700
1,820
2,637
3,374
3,262
2,348
184
1,760

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

Amount Invested.

$3,000
1,000
3,500
1,250
500
2,450
2,250
3,384
1,700
1,862
2,500
3,300
2,500
2,200
200
1,600

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

No. 8 .]

171

SA V IN G S B A N K COM M ISSION ERS.

East W eym outh Savings Bank — Continued.

No. of
Shares.

Detailed Statement o f Bank Stocks — Concluded.

27
15
25
2
25
5
69
25

Par Value.

Shawmut Nat’l Bank, Boston,.
State National Bank, Boston, .
Third National Bank, Boston,.
Tremont Nat’l Bank, Boston, .
Dedham Nat’l Bank, Dedham,
Salem National Bank, Salem, .
Union Nat’l Bank, Weymouth,
Massachusetts Loan and Trust
Co., Boston, .
.
.
.

$2,700
1,500
2,500
200
2,500
500
6,900

Estimated
Market Value.

$3,294
1,676
2,231
142
2,625
460
6,900

Amount Invested.

00
25
25
00
00
00
00

$2,700
1,500
2,500
200
2,500
500
6,900

00
00
00
00
00
00
00

2,500

2,600 00

2,500 00

$54,700

$55,023 25

$52,496 50

Detailed Statement o f llailroad Bonds.

Par Value.

Boston, Clinton & Fitchburg R.R. 5s,
Boston & Lowell R.R. 5 s ,.
Fitchburg R.R. 4s, .
N. Y ., Providence & Boston R.R. 7s,
Old Colony R R. 4£s,
Portland & Ogdensburg R.R. 6s,
Rumford Falls & Rangeley Lakes
R.R 5 s , ..................................................
Upper Coos R.R. 4£s,
Vermont & Massachusetts R.R. 5s, .

$14,000
3,000
5,000
1,000
5,000
8,000

Estimated
Market Value.

$16,100
3,045
5,150
1,005
5,375
8,320

00
00
00
00
00
00

Amount Invested.

$14,000
3,000
5,000
1,000
5,000
8,000

00
00
00
00
00
00

15,000
10,000
2,000

17,255 00
10,800 00
2,120 00

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

$63,000

$69,170 00

$63,000 00

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

Amount.

$14,646 57
56.500 00
10,000 00

58.500 00

Hate.

3 per cent.
4
“
41
«
4£
“


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

Amount.

$9,516 10
31,800 00
501,989 71

Kate.

5 per cent.
5è
«
6
“

Amount.

$5,530 00
8,290 40
1,425 00

Kate.

6 ^ per cent.

7
8

“

172

R E P O R T O F TH E

[Pub. D oc

East W eym outh Savings Bank — 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 year ending Oct. 31, 1898,
.
.
Number of loans which are of an amount not exceeding $3,000 each, 372
Aggregate amount of the s a m e , ......................................................
.
.
Total number of loans upon real e s t a t e , ............................................. 388
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1898........................................................................
Times for the dividends fixed by the by-laws : April 10 and October 10'.
Rate and amount of each semi-annual dividend j 2| per cent., $17,476 33 )
during the year ending Oct. 31, 1898,
.
. 1 2^ per cent., 18,157 50 1
Number of accounts opened during the year ending Oct. 31, 1898,
. 291
Number of accounts closed during the year ending Oct. 31, 1898,
. 236
Total number of open accounts Oct. 31, 1898,
.
.
.
.
2,221
Total expenses of the corporation for the year ending Oct. 31, 1898 (ex­
clusive of taxes),
..........................................................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 8 9 8 ,..........................................................................................
Number of s a m e ,................................................................................. 1,686
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1898............................................................................................................
Number of s a m e , ................................................................................. 1,602
Date of examination by commissioner: February 11.


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

$31,762 00
36,300 00
436 50
484,797 78

45,135 51
gg ggg gg
’

2,339 85
138,267 52

111,780 48

No. 8 .]

173

SA V IN G S B AN K CO M M ISSION ERS.

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

Incorporated Feb. 4, 1864.

Present number of corporators, 50.

J ohn Ca r e , President.

F r a n k E . G r a n g e r , Treasurer.

John F . N e w t o n , Clerk o f the Corporation.

Names of committee charged with the investment of its funds:
J ohn C a r r ,
Sa m u e l B . H o pk in s ,
G orham R ogers ,

W il l ia m S. L e l a n d ,
G r e e n l e a f C. G eo r g e ,
G eorge E . B u l l a r d .

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 Sheet October 31, 1898,

L ia b il it ie s .

A ssets.

Public funds, as per schedule, .
Bank stock, as per schedule,
Loans on bank stock,
Railroad bonds, as per schedule,
Loans on real estate, .
Loans on personal security,
Deposits in banks, on interest, .
Deposits in banks, not on interest,
Expense account,
Short and surplus account,
Cash on hand, .
.
.
.

$363,100
44,400
1,400
551.500
2,258,090
822.500
306,554
5,000
702
226
7,217

00
00
00
00
91
00
36
00
36
59
40

$4,360,691 62

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

$4,192,035 78
130,199 21
1,165 83
29,879 33
2,511 47
4,900 00

$4,360,691 62

Cash on Deposit in Banks, amount in each: —
First National Bank, B o s t o n , ........................................................................ $162,098 83
National Revere Bank, Boston,
.
.
.
.
.
.
.
.
.
34,795 01
People’s National Bank, Boston............................................................................
114,660 52
Loans on Bank Stock, amount on each: —
10 shares National Exchange Bank, B o s t o n , ..............................................$ 1,000 00
6 shares People’s National Bank, Boston, .
.
.
»
400 00


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

174

R E P O R T O F TH E

[Pub. D oc

Eliot Five Cents Savings Bank — Continued.
Detailed Statement o f Public Funds.

Par Value.

City of Bangor, Me., 6s, .
of Boston, Mass., 3às,
of Boston, Mass., 4s,.
of Boston, Mass., 5 s ,.
of Boston, Mass., 6s,.
of Fall River, Mass , 4 £ s ,.
of Fall River, Mass., 6s, .
of Haverhill, Mass., 4s,
of Holyoke, Mass., 4s,
of Lynn, Mass., 5s, .
of Marlborough, Mass., 4s,
of Providence, R. I., 4£s, .
of Providence, R. I., 5s, .
of Springfield, Mass., 6s, .
District of Columbia 5s, .
State of Massachusetts 3s,
State of New Hampshire 6s,

$4,000
50,000
42,600
25,000
5,000
10,000
10,000
25,000
20,000
10,000
9,000
5,000
20,000
20,000
7,000
100,000
500
$363,100

Estimated
Market Value.

$4,600
54,250
42,600
28,000
5,775
10,575
11,700
27,000
21,600
10,925
9,720
5,025
20,330
23,200
7,052
101,781
580

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

$384,713 75

Amount Invested.

$4,000
50,000
42,600
25,000
5,000
10,000
10,000
25,000
20,000
10,000
9,000
5,000
20,000
20,000
7,000
100,000
500

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

$363,100 00

No. of
Shares.

Detailed Statement o f Bank Stocks.

10
70
10
5
30
61
20
171
43
14
10

Par Value.

Atlantic Nat’l Bank, Boston, .
Atlas National Bank, Boston, .
Eliot National Bank, Boston, .
Market National Bank, Boston,
Merchants’ Nat’l B’k, Boston, .
Mt. Vernon N ’l B’k, Boston, .
N ’l B ’k of Redemption, Boston,
People’s Nat’l Bank, Boston, .
Shawmut Nat’l Bank, Boston,.
State National Bank, Boston, .
Naumkeag Nat’l Bank, Salem,


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

$1,000
7,000
1,000
500
3,000
6,100
2,000
17,100
4,300
1,400
1,000
$44,400

Estimated
Market Value.

$1,120
7,630
1,300
385
4,650
5,871
2,265
20,520
5,246
1,564
1,200

00
00
00
00
00
25
00
00
00
50
00

$51,751 75

Amount Invested.

$1,000
7,000
1,000
500
3,000
6,100
2,000
17,100
4,300
1,400
1,000

00
00
00
00
00
00
00
00
00
00
00

$44,400 00

No. 8 .]

175

SA V IN G S B A N K CO M M ISSION ERS.

Eliot Five Cents Savings B ank — Continued.
D etailed Statem ent o f B ailroad Bonds.

Par Value.

Boston & Albany R.R. 4s,
Boston, Clinton, Fitchburg & New
Bedford R.R. 5s, .
Boston & Lowell R.R. 4 s ,.
Boston & Maine R.R. 4s, .
Boston & Providence R.R. 4s, .
Concord & Montreal R.R. 4s, .
Conn. & Passumpsic Rivers R.R. 4s,
Connecticut River R.R. 4s,
Fitchburg R.R. 4s, .
Fitchburg R.R. 5s, .
Maine Central R.R. 4£s, .
Newport & Richford R R. 5s, .
N. Y . & N. E. R.R. (terminal) 4s, .
Old Colony R.R. 4s, .
Portland & Ogdensburg R.R. 6s,
Vermont & Massachusetts R.R. 5s, .
Worcester, Nashua & Roch. R.R, 4s,

150,000

Estimated
Market Value.

Amount Invested.

$54,000 00

$50,000 00

11,000
50,000
25,000
25,000
50,000
25,000
25,000
25,000
5,000
50,000
22,000
25,000
85,000
16,500
37,000
25,000
$551,500

12,595
53,750
28,312
27,250
54,000
28,250
28,500
26,875
5,140
55,000
23,980
28,375
95,050
17,118
39,220
26,225

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

11,000
50,000
25,000
25,000
50,000
25,000
25,000
25,000
5,000
50,000
22,000
25.000
85.000
16,500
37,000
25,000

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

$603,641 25 •$551,500 00

* A legal investment when made.

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

Amount.

Rate.

$196,893 84
109,660 52
55,000 00

2 per cent.
2è
“

H

200 ,000 00

3|

125,000 00

H

“
“
“

Amount.

$836,500
73.500
22.500
1,020,750

Rate.

00
00
00
00

4 per cent.
44
“
4f
»
41
“

Amount.

$706,657
1,500
26,700
13,883

Rate.

32
00
00

59

5 per cent.
54;
“
5è
“
6
“

Number oi loans which are of an amount not exceeding $3,000 each, 220
Aggregate amount of the same...............................................................................$387,740 91
Total number of loans upon real e s t a t e , ............................................. 437
Amount of investments from which no income is received, .
.
.
.
5,000 00
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1 8 9 8 , ...............................................................
179,920 70
Times for the dividends fixed by the by-laws: second Wednesday in April
and October.
Rate and amount of each semi-annual dividend/2 per cent., $76,213 83 j ^
during the year ending Oct. 31, 1898,
.
I 1| per cent.,
68,510 65 J
’
Number of accounts opened during the year ending Oct. 31, 1898,
1,434
Number of accounts closed during the year ending Oct. 31, 1898,
1,105
Total number of open accounts Oct. 31, 1898,
.
.
.
.
12,080


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

176

R E P O R T O F TH E

[Pub. D oc.

Eliot Five Cents Savings Bank — Concluded.
Total expenses of the corporation for the year ending Oct. 31, 1898 (ex­
clusive of taxes),
.......................................................................................... $9,505 30
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1898..............................................................................................
819,059 32
Number of same...................................................................................... 11,245
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 8 9 8 , ...................................................................................................
744,935 30
Number of s a m e , ................................................................................. 10,000
Date of examination by commissioner : February 21.


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

No. 8 .]

SA V IN G S B A N K COM M ISSION ERS

177

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.

Present number oí corporators, 23.

J oseph Shattuck, President.
James H. E aton, Treasurer.
James H. E aton, Clerk o f the Corporation.
Names of committee charged with the investment of its funds :

Joseph Shattuck,
James H. K idder ,

Samuel W hite ,
H. K . W ebster .

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 c tober 31,1898.

A ssets.

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

L ia b il it ie s .

$1,149,500
262,200
13,150
625.000

00
00

00
00

100.000 00
20,000 00

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

$6,973,626 97
360.000 00
89,019 31
260.000 00
6,474 46

3,475,041 00
1,707,850 00
249,400 00
67,169 33
19,810 41
$7,689,120 74

$7,689,120 74

Cash on Deposit in Banks, amount in each: —
National Hide and Leather Bank, B o s t o n ,...................................................... $41,922 93
Winthrop National Bank, B o s t o n , ...............................................................
25,246 40
Loans on Bank Stock, amount on each : —
100 shares Arlington National Bank, Lawrence,............................................. $10,000 00*
20 shares Merchants’ National Bank, L a w r e n c e , ....................................
1,600 00
4 shares Merchants’ National Bank, L a w r e n c e , ................................
350 00
10 shares Pacific National Bank, L a w r e n c e ,.............................................
600 00
6 shares Merchants’ National Bank, L a w r e n c e , ....................................
600 00*

* These loans, in excess of the legal limit, have since been reduced.
Loan on Railroad Stock: —
1,000

shares Boston & Maine R . R . , ............................................................$100,000 00


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

[Pub. D oc

R E P O R T O F TH E

178

Essex Savings Bank — Continued.
D etailed Statem ent o f P u blic F u n d s.

Par Value.

City of Boston, Mass., 3£s,
of Boston, Mass., 4 s ,.
of Brockton, Mass., 4s,
of Chicago, 111., 4s, .
of Dayton, Ohio, 5s,
of Fall River, Mass., 6s,
of Holyoke, Mass ,4 s ,
of Indianapolis, Ind., 4s,
of Lawrence, Mass., 4s,
of Lawrence, Mass., 6s,
of Newton, Mass., 4s,
of Newton, Mass., 5s,
United States 4s,
.
.
.

.
.
.
.

$100,000
200,000
40,000
135,000
30,000
25,000
50,000
200,000
148,500
5,000
100,000
16,000
100,000

Estimated
Market Value.

$109,000
200,000
40,950
137,700
30,175
28,000
53,500
209,000
155,550
5,400
108,000
17,600
126,000

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

Amount Invested.

$100,000
200,000
40,000
135,000
30,000
25,000
50,000
200,000
148,500
5,000
100,000
16,000
100,000

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

$1,149,500 $1,220,875 00 $1,149,500 00
•
*

A legal investment when made.

No. of
Shares.

D etailed Statem ent o f B a n k Stocks.

40
130
6
30
20
80
47
232
60
40
200
46
75
80
150
250
130
100
150
10
166

Par Value.

Atlantic Nat’l Bank, Boston, .
Atlas National Bank, Boston, .
Blackstone Nat’l Bank, Boston,
Boston National Bank, Boston,
Continental N ’l Bank, Boston,
Eliot National Bank, Boston, .
Globe National Bank, Boston,
Howard Nat’ l Bank, Boston, .
Lincoln National B’k, Boston,.
Massachusetts N ’l B ’k, Boston,
Merchants’ N ’l Bank, Boston, .
Mt. Vernon N ’l Bank, Boston,
N ’l Bank of Commerce, Boston,
National Bank of the Commonwealth, Boston,
N ’l B’k of No. America, Boston,
N ‘l B’k of the Republic, Boston,
National City Bank. Boston, .
N ’l Hide & Leather B’k, Boston,
National Revere Bank, Boston,
National Union Bank, B oston,.
National Webster B ’k, Boston,


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

Estimated
Market Value.

Amount Invested.

$4,000
13,000
600
3,000
2,000
8,000
4,700
23,200
6,000
4,000
20,000
4,600
7,500

$4,480
14,170
468
2,977
2,400
10,400
4,700
22,562
3,930
3,000
31,000
4,427
7,912

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

$4,000
13,000
500
2,700
2,000
8,000
3,900
19,600
4,200
3,000
20,000
4,600
7,500

8,000
15,000
25,000

11,600
15,337
35,812
650
10,675
13,800
1,332
16,973

00
50
50
00
00
00
50
50

8,000 00
13,800 00
25,000 00

-

10,000
15,000
1,000
16,600

10,000
10,500
1,000
16,600

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

00
00
00
00

No. 8 .]

SA Y IN G S B A N K C O M M IS S IO N E D

179

Essex Savings Bank — Continued.

No. of
Shares.

D etailed Statem ent o f B an k S tock s— Concluded.

100
27
100
66
50
300
300

Par Value.

North National Bank, Boston,
Shawmut Nat’l Bank, Boston,.
State National Bank, Boston, .
Suffolk National Bank, Boston,
Tremont Nat’l Bank, Boston, .
Bay State N ’l Bank, Lawrence,
Lawrence N ’l Bank, Lawrence,

Estimated
Market Value.

$10,000
2,700
10,000
6,600
5,000
22,500
30,000
$278,000

$10,200
3,294
11,175
6,996
3,550
35,400
35,400

Amount Invested.

00
00
00
00
00
00
00

$324,623 50

$9,000
2,700
10,000
6,600
3,500
22,500
30,000

00
00
00
00
00
00
00

$262,200 00

D etailed Statem ent o f R ailroad Bonds.
Estimated
Market Value.

Par Value.

Boston & Lowell R R. 4s,.
Boston & Lowell R R. 4ès,
Boston & Maine R.R. 4ès,
Concord & Montreal R.R. 4s, .
Fitchburg R.R. 5s....................................
Maine Central R.R. 4s,
New York, New Haven & Hartford
H R. 4 s , ..................................................
Worcester, Nashua & Roch. R.R. 4s,

$50,000
50,000
50,000
200,000
105,000
100,000

$51,000
51,500
58,000
206,000
113,100
104,000

Amount Invested.

00
00
00
00
00
00

$50,000
50,000
50,000
200,000
105,000
100,000

00
00
00
00
00
00

50,000
20,000

53,000 00
20,200 00

50,000 00
20,000 00

$625,000

$656,800 00

$625,000 00

Total A m ou n t o f L oa n s, with Each Specified R ate o f Interest.

Amount.

Kate.

Amount.

Bate.

$67,169 33
75.000 00
50.000 00

2 per cent.
2|
“

$50,000 00
1,406,900 00

111,000 00

3|

3 8 per cent.
4 10
“
4Ì
“
H
“

3é

“
«


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

202,000 00

683,050 00

Amount.

$4,500
2,507,345
117,200
338,446

Kate.

00
00
00
00

4f per cent.
5
“
5i
“
6
“

180

R E P O R T O F TH E

[Pub. Doc,

E ssex Savings Bank — Concluded.
Amount invested in real estate for banking purposes,.................................... $20,000 00
Estimated value of the s a m e , ........................................................................
30,000
Assessed value of the s a m e ,.................................................................................
32,000
Net income received from same during year ending Oct. 31, 1898,
.
.
2,016
Number of loans which are of an amount not exceeding $3,000 each, 574
Aggregate amount of the s a m e , ........................................................................
746,621
821
Total number of loans upon real e s t a t e , ....................................
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1 8 9 8 , ...............................................................
3-54,218
Times for the dividends fixed by the by-laws: third Wednesday in April
and October.
Rate and amount of each semi-annual dividend f 2 per cent , $131,058 13 1 gg2 143
during the year ending Oct. 31, 1898,
.
1 2 per cent.,
131,085 53 J
’
Number of accounts opened during the year ending Oct. 31, 1898,
4,118
Number of accounts closed during the year ending Oct. 31, 1898,
4,116
Total number of open accounts Oct. 31, 1898,
.
.
.
.
19,535
Total expenses of the corporation for the year ending Oct. 31, 1898 (ex­
clusive of taxes).....................................................................................................
15,083
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1898.............................................................................................. 1,600,791
Number of same......................................................................................
24,635
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1898............................................................................................................ 1,731,367
Number of s a m e , ................................................................................. 17,394
Date of examination by commissioner: March 22.


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

00
00
00
00

83

66

83
97

26

No. 8 .]

181

S A Y IN G S B A N K COM M ISSION ERS

E V E R E T T SA V IN G S B A N K — E V E R E T T .
Incorporated March 1, 1889.

Present number of corporators, 25.

James P. Stewaiit, President.
H enry K. Y eazie , Clerk

o f

Samuel P. Cannell , Treasurer.
the Corporation.

Names of committee charged with the investment of its funds:

W oobbury A . H am ,
N athaniel J. M ead,
D aniel B. F essenden,
Samuel P., Cannell ,
Samuel M. Johnson.
Open for business every business day, 2 to 4 p . m. ; also Saturdays, 7.30 to 8.30 p .m .

B a l a n c e S h e e t O c tober 31, 1898.

A ssets.

Bank stock, 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, not on interest,
Expense account,
Furniture and fixtures,
Cash on hand, .
.
.
.

L ia b il it ie s .

$

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

2,000 00

14U.350 00
1,000 00

63,000
21,381
54
5
100
861

$224,001 05
3,050 00
1,702 70

00
92
89
00
00
94

$228,753 75

$228,753 75

Cash on Deposit in Banks, amount in each : —
Winthrop National Bank, B o s t o n , ............................................................... $4,468 80
First National Bank, Chelsea................................................................................. 5,751 14
Winnisimmet National Bank, Chelsea,...............................................................
5,045 68
National Security Bank, B o sto n ,........................................................................
2,154 89
Mercantile Trust Company, B o s t o n , ............................................................... 4,016 30

D etailed Statem ent o f B an k Stocks.
C p

Par Value.

20

Globe National Bank, Boston,


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

$2,000

Estimated
Market Value.

$2,000 00

Amount Invested.

$2,000 00

182

K E PO R T O F TH E

[Pub. Doc

Everett Savings B an k — Concluded.
Total A m ou n t o f L oa n s, w ith E a ch Specified Rate o f Interest.

Kate.

Amount.

$6,568 80
14,813 12
51,300 00

2 per cent.
2h
“

4

“

Amount.

$3,800 00
7,900 00
33,550 00

Kate.

i i per cent.
4|
5

“
“

Amount.

$2,500 00
38,800 00
66,500 00

Rate.

5 j per cent.
5h
“
“

6

Number of loans which are of an amount not exceeding $3,000 each,
87
Aggregate amount of the s a m e , ........................................................................ $130,200 00
Total number of loans upon real e s t a t e , ............................................. 80
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1 8 9 8 , ...............................................................
9,981 26
Times for the dividends fixed by the by-laws: second Wednesday in April
and October.
Rate and amount of each semi-annual dividend f 2 per cent., $3,584 34 )
7,475 40
during the year ending Oct. 31, 1898,
.
1 2 per cent., 3,891 06 i
Number of accounts opened during theyear ending Oct. 31, 1898,
. 314
Number of accounts closed during theyear ending Oct. 31, 1898,
. 194
Total number of open accounts Oct. 31, 1898,
.
.
.
.
1,536
Total expenses of the corporation for the year ending Oct. 31, 1898 (ex­
clusive of taxes),
..........................................................................................
1,207 67
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 8 9 8 ,..........................................................................................
104,741 98
Number of s a m e , .........................................................................2,180
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 8 9 8 , ...................................................................................................
80,856 88
Number of s a m e , ......................................................................... 1,386
Date of examination by commissioner: January 21.


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

No. 8 .]

SA Y IN G S B A N K COM M ISSION ERS.

183

F A IR E A V E N IN S T IT U T IO N FOR S A V IN G S — F A IR H A V E N .

Incorporated Feb. 10, 1832.

Present number of corporators, 33.

G e o r g e H . T a b e r , President.
C h a r l e s H . M o r to n , Treasurer.
C h a r l e s H . M orton , Clerk o f the Corporation.

Names of committee charged with the investment of its funds :
G e o r g e H. T a b e r ,
J o h n B. H u s s e y ,
W a l t e r P. W i n s o r ,
C y r u s D. H u n t ,
L e v i M . Sn o w .

Open for business every business day, 9

a .m .

to 1 p . m .

B alance Sheet O ctober 31, 1898.

L ia b il it ie s .

A ssets.

Bank stock, as per schedule,
Loans on bank stock,
Railroad bonds, as per schedule,
Real estate (for banking pur­
poses) , ....................................
Real estate by foreclosure,
Loans on real estate, .
.
Loans on personal security,
Deposit in bank, on interest,
Deposit in bank, not on interest,
Sea View Hotel and Wharf Co.,*
Rotch Spinning Co.,*
New Bedford Spinning Co.,*
Bennett Spinning Co.,*
Cash on hand, .
.
.
.

$100,465 25
4,600 00
13,000 00
4.500
5.000
267,786
51,825
29,279
5.000
1.500

00
00
33
00
00
00
00

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

$475,963 62
25,540 17
33 00
5,665 26

2,200 00

14,524 41
7,491 51
30 55
$507,202 05

$507,202 05

* Taken to secure indebtedness.

Cash on Deposit in Bank : —
National Bank of Fairhaven, Fairhaven,

$34,279 00

Loans on Bank Stock, amount on each: —
5 shares National Bank of Fairhaven, Fairhaven,
9 shares National Bank of Fairhaven, Fairhaven,
50 shares Continental National Bank, Boston,


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

$300 00
300 00
4,000 00

[Pub. D oc

R E P O R T O F TH E

184

Fairhaven Institution for Savings — Continued.

No. of
Shares.

D etailed Statem ent o f B an k Stocks.

100
50
50
90
80
60
40
30
158
40
90
68
40

Par Value.

Boston Nat’l Bank, Boston,
Eliot National Bank, Boston, .
Howard National Bank, Boston,
N ’ l Bank of Commerce, Boston,
N ’l B"k of No. America, Boston,
N ’l B’k of the Republic, Boston,
North National Bank, Boston,
State National Bank, Boston, .
N ’l B’k of Fairhaven, Fairhaven,
Citizens’ N’ l B’k, New Bedford,
First Nat’l Bank, New Bedford,
Mechanics’ National Bank, New
Bedford,
.
.
.
.
National Bank of Commerce,
New Bedford,

$10,000
5,000
5,000
9,000
8,000

6,000
4,000
3,000
12,640
4,000
9,000

Estimated
Market Yalue.

$9,925
6,500
4,862
9,495
8,200
8,595
4,080
3,352
11,060
3,400
11,250

00
00
50
00
00
00
00
50
00
00
00

Amount Invested.

$11,007
6,500
5,013
10,350
7,182
7,740
4,752
3,450
12,640
6,400
12,150

50
00
75
00
00
00
00
00
00
00
00

6,800

8,500 00

10,880 00

2,400

1,400 00

2,400 00

$84,840

$90,620 00

$100,465 25

D etailed Statem ent o f B ailroad Bonds.

Boston & Lowell R.R. 4 s ,.
Concord & Montreal R.R. 4s,

.

Par Value.

Estimated
Market Value.

Amount Invested.

$10,000
3,000

$11,150 00
3,210 00

$10,000 00
3,000 00

$13,000

$14,360 00

$13,000 00

Total A m ou nt o f L oa n s, with E ach S pecified Bate o f Interest.

Amount.

$29,279 00
4,000 00
109,913 41

Kate.

2 per cent.
4|
»
5
“


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

Amount.

$ 4 7,425 00
10,456 00

Kate.

Amount.

Rate.

5A per cent.
5§
“

$151,766 92
650 00

6 per cent.
64
“

No. 8 .]

SA Y IN G S B A N K CO M M ISSION ERS.

185

Fairhaven Institution for Savings — Concluded.
$4,500 00
Amount invested in real estate for banking purposes,....................................
6,000 00
Estimated value of the same,.................................................................................
3,800 00
Assessed value of the s a m e ,.................................................................................
Net income received from same during year ending Oct. 31, 1898,
66 00
Value, by books, of other real estate, held or owned by foreclosure or
5.000 00
o th e r w ise ,............................................................................................................
4.000 00
Assessed value of the s a m e ,............................................. .........
22 34
Net income received from same during year ending Oct. 31, 1898,
Number of loans which are of an amount not exceeding $3,000 each, 201
175,824 92
Aggregate amount of the s a m e , ........................................................................
Total number of loans upon real estate,
.
.
.
.
.
. 215
20,500 00
Amount of investments from which no income is received, .
.
.
.
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1 8 9 8 , ...............................................................
22,065 90
Times for the dividends fixed by the by-laws : last Monday in April and
October.
Rate and amount of each semi-annual dividend f 1J per cent., $7,237 79 )
14,155 47
during the year ending Oct. 31, 1898,
.
1 l j per cent., 6,917 68 >
Number of accounts opened during the year ending Oct. 31, 1898,
. 82
Number of accounts closed during the year ending Oct. 31, 1898,
. I ll
Total number of open accounts Oct. 31, 1 8 9 8 , .................................... 886
Total expenses of the corporation for the year ending Oct. 31, 1898 (ex­
2,519 82
clusive of taxes),...................................................................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 8 9 8 ,............................................................... .........
43,312 00
Number of s a m e , ..........................................................................................307
Amount of withdrawals, including dividends, during the year ending
91,310 59
Oct. 31, 1898............................................................................................................
Number of s a m e , .......................................................................................... 643
Date of examination by commissioner: September 29.


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

186

R E P O R T O F TH E

[Pub. D oc.

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 II, 1828.

.

Present number of corporators, 126.

T h o m a s J. B o r d e n , 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:
R o b e r t C. B r o w n ,
C h a r l e s A. B a s se t t ,
H en r y C . H a w k in s ,
C h arles M . A lle n ,
R obert H e n r y .

Open for business every business day, 9

a .m .

to 2

p .m .

B a l a n c e S h e e t O c t o b e r 31, 1898.

A ssets.

L ia b il it ie s .

Public funds, as per schedule, .
Bank stock, as per schedule,
Loans on bank stock,
Railroad bonds, as per schedule,
Real estate (for banking purp o s e s ) , ....................................
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
(notes).........................................
Deposits in banks, on interest, .
Expense account,
New Bedford Spinning Co. stock,*
Howland Mills Corp. stock,*
Bennett Spinning Co. stock,* .
Cash on hand, .
.
.
.

$554,000 00
684,975 00
11,000 00
380,000 00

46,000
23,800
3,544,789
1,607,025

00
00
00
00

Deposits, .
Guaranty fund,
Interest account,
Profit and loss ac­
count, .
Suspense account, bal­
ance due on mort­
gage loans, .
Bank liquidation ac­
count, .

$6,784,681 98
311,500 00
74,767 69
11,965 00
9,791 00
8,847 50

100,000 00

178,908 2 2
1,079 64
11,500 00
20,000 00

34,000 00
4,479 31
$7,201,556 17

$7,201,556 17

* Taken to secure indebtedness.

Cash on Deposit in Banks, amount in each : —
National Bank of Redemption, Boston,
Fall River National Bank, Fall River, .
Massasoit National Bank, Fall River, .
Metacomet National Bank, Fall River,.

$38,808 22
20,000 00
112,000 00

8,100 00

Loan on Bank Stock : —
166 shares Metropolitan National Bank, Boston, .


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

$ 11,000 00

No. 8 .]

S A Y IN G S B A N K COM M ISSION ERS

187

F all River Savings Bank — Continued.
D etailed Statem ent o f P u blic F unds.

Par Value.

City of Boston, Mass., 4s, .
of Boston, Mass., 5 s ,.
of Cambridge, Mass., 4s,
of Chicago, ili., 4s, .
of Fall River, Mass., 4s,
of Fall Ri ver, Mass , 5s,
of Fall River, Mass., 6s,
of Lynn, Mass., 4s, .
of Waltham, Mass., 4s,
of Worcester, Mass., 4s,

.
.
.
.

.

Estimated
Market Value.

$200,000
100,000
80,000
50,000
13,000
13,000
32,000
35,000
6,000
25,000

$222,000
112,250
86,000
55,875
13,130
14,870
37,050
36,275
6,300
28,000

$554,000

$611,750 00

00
00
00
00
00
00
00
00
00
00

Amount Invested.

$200,000
100,000
80,000
50,000
13,000
13,000
32,000
35,000
6,000
25,000

00
00
00
00
00
00
00
00
00
00

$554,000 00

D etailed Statem ent o f B a n k Stocks.
«h
m
O <D
O
feâ
150
400
330
300
160
200
400
107
250
200
232
200
100
715
50
650
935
150
500
220
420

Par Value.

Eliot National Bank, Boston, .
Faneuil Hall N ’l Bank, Boston,
First National Bank, Boston, .
Howard Nat’l Bank, Boston, .
Merchants’ N ’l Bank, B oston,.
N ’l Bank of Commerce, Boston,
N ’l B’k of No. America, Boston,
N ’l B’k of Redemption, Boston,
N ’l Hide & Leather B’k, Boston,
National Revere Bank, Boston,
Second National Bank, Boston,
Washington Nat’l B ’k, Boston,
First National Bank, C helsea,.
Fall River N ’l B’k, Fall River,
First National B’k, Fall River,
Massasoit N ’l B’k, Fall River,.
Metacomet N ’l B’k, Fall River,
Second Nat’l Bank, Fall River,
First Nat’l B’k, New Bedford,.
Merchants’ Nat’l Bank, New
Bedford,
.
.
.
.
National Bank of Commerce,
New Bedford,


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

$15,000
40,000
33,000
30,000
16,000
20,000
40,000
10,700
25,000
20,000
23,200
20,000
10,000
71,500
5,000
65,000
93,500
15,000
50,000

Estimated
Market Value.

$19,500
50,300
64,350
29,175
24,800
21,100
40,900
12,117
26,687
18,400
40,368
22,550
10,000
71,500
7,500
94,250
118,745
22,500
62,500

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

Amount Invested.

$15,000
40,000
62,700
29,175
16,000
20,000
40,900
10,700
25,000
18,400
34,800
20,000
10,000
71,500
5,000
65,000
93,500
15,000
50,000

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

22,000

40,260 00

29,700 00

42,000

14,700 00

12,600 00

$666,900

$812,203 25

$684,975 00

188

R E P O R T O F TH E

[Pub. Doc.

F all River Savings Bank — Continued.
D etailed Statem ent o f R ailroad Bonds.

Par Value.

Boston, Clinton, Fitchburg & New
Bedford R.R. 5s...................................
Boston & Lowell R.R. 4 s ,.
Boston, Winthrop & Shore R.R. 5s,
Concord & Montreal R.R. 4s, .
Maine Central R.R. 6s,
Old Colony R.R. 4s, .
Old Colon}r R R 4£s,
Worcester, Nashua & Roch. R.R. 4s,

$70,000
25,000
15,000
10,000
10,000
150,000
50,000
50,000
$380,000

Estimated
Market Value.

$81,200
26,000
16,500
10,900
10,500
168,750
52,750
52,250

00
00
00
00
00
00
00
00

$418,850 00

Amount Invested.

$70,000
25,000
15,000
10,000
10,000
150,000
50,000
50,000

00
00
00
00
00
00
00
00

$380,000 00

Total A m ount o f L oa n s, with Each Specified Rate o f Interest.

Amount.

$66,908 22
00
880,000 00

112,000

Rate.

2
3
4

per cent.
“
“

Amount.

$150,000 00
325,500 00
1,840,894 00

Rate.

4^ per cent.
4i
“
5
“

Amount.

$1,991,820 00
74,600 00

Rate.

5 j per cent.
“

6

Amount invested in real estate for banking purposes,....................................
$46,000
Estimated value of tbe s a m e , ........................................................................
48.000
Assessed value of the s a m e ,.................................................................................
48.000
Net income received from same during year ending Oct. 31, 1898,
700
Value by books, of oiher real estate, held or owned by foreclosure or
o th e r w ise ,............................................................................................................
23,800
Assessed value of the s a m e ,.................................................................................
21,350
Number of loans which are of an amount not exceeding $3,000 each, 1,076
Aggregate amount of the s a m e , ........................................................................ 1,581,950
Total number of loans upon real e s t a t e , .................................... 1,391
Amount of investments from which no income is received, .
.
.
.
23,800
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1 8 9 8 , ...............................................................
344,660
Times for the dividends fixed by the by-laws: first Monday in April and
October.
Rate and amount of each semi-annual dividend < 2 per cent., $132,765 47 )
263,765
during the year ending Oct. 31, 1898, .
.
\ 2 per cent., 131,000 27 J
Number of accounts opened during the year ending Oct. 31, 1898,
1,830
Number of accounts closed during the year ending Oct. 31, 1898,
2,156
Total number of open accounts Oct. 31, 1898,
.
.
.
.
13,718


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

00
00
00
00
00
00

00
00
86

74

No. 8 .]

S A Y IN G S B A N K COM M ISSION ERS.

189

Fall River Savings Bank — Concluded.
Total expenses of the corporation for the year ending Oct. 31, 1898 (ex­
f 15,296 79
clusive of taxes),...................................................................................................
Amount of deposits, not including dividends, received during the year
828,908 79
ending Oct. 31, 1 8 9 8 ,..........................................................................................
Number of s a m e , ................................................................................. 11,002
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1898............................................................................................................ 1,143,902 16
Number of s a m e , ................................................................................. 13,140
Date of examination by commissioner: October 7.


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Federal Reserve Bank of St. Louis

R E P O R T O F TH E

190

[Pub. D oc

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

Incorporated April 10, 1855.
W

alter

Present number of corporators, 27.

C. D u r f e e , President.
C h a r l e s J. H o l m e s , Treasurer.
C h a r l e s S. W a r i n g , Clerk o f the Corporation.

Names of committee charged with the investment of its funds:
W a l t e r C. D u r f e e ,
E d w a r d B. J e n n in g s ,
L e o n t in e L in c o l n ,
C h a r l e s J. W a r i n g ,
A b n e r P. D a v o l .

Open for business every business day, 9

B alance

Sheet

O ctober

a .m .

to 2

p .m .

31, 1898.

L ia b il it ie s .

A ssets.

Public funds, as per schedule, .
Bank stock, as per schedule,
Railroad bonds, as per schedule,
Real estate (for banking pur­
poses),
....................................
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Deposits in banks, on interest, .
Deposits in banks, not on interest,
Expense account,
Border City Mfg. Co. stock,*
Granite Mills stock,* .
Bennett Spinning Co. stock,*
Cash on hand, .
.
.
.

$125,000 00
401.000 00
325.000 00
45.000
58,348
2,245,192
733,050
55,722
5,000
3,960
8,796
10,530
63.000
7,570

00
97
00
00
27
00
08
78
05
00
96

Deposits, .
Guaranty fund,
Interest account,
Profit and loss ac­
count, .
Rental account,
Uncompleted mort­
gage loans, .
Bank liquidation ac­
count, .

$4,087,171 11

$3,797,113 39
120,000 00

88,856 06
49,791 83
22,550 12
3,842 60
5,017 11

$4,087,171 11

* Taken to secure indebtedness.

Cash on Deposit in Banks, amount in each: —
National Exchange Bank, B o s t o n , ............................................................... $45,469 83
Second National Bank, Fall R i v e r , ...............................................................
15,252 44


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Federal Reserve Bank of St. Louis

N o. 8 .]

191

S A Y IN G S B A N K COM M ISSION ERS

Fall River Five Cents Savings Bank — Continued.
D etailed Statem ent o f P u blic F u nd s.
Estimated
Market Value.

Amount Invested.

$50,000
25,000
50,000

$55,000 00
27,750 00
52,125 00

$50,000 00
25,000 00
50,000 00

$125,000

$134,875 00

$125,000 00

Par Value.

City of Chicago, 111., 4s, .
of Everett, Mass., 4s,
of Lynn, Mass., 4s, .

No. of
Shares.

D etailed Statem ent o f B an k Stocks.

50
250
150
100
15
100
50
200
150
85
35
145
250
100
150
313
66
20
120
250
400
70
300
20
100
36
412
50
100
10
13

Par Value.

Atlantic Nat’l Bank, Boston, .
Atlas National Bank, Boston, .
Blackstone N ’l Bank, Boston, .
Boston National Bank, Boston,
Eliot National Bank, Boston, .
Faneuil Ilall Nat’l B’k, Boston,
First National Bank, Boston, .
Howard Nat'l Bank, Boston, .
Metropolitan N ’l B’k, Boston, .
Monument N’l Bank, Boston, .
N ’l B'k of Commerce, Boston,.
N ’l B’k of No. America, Boston,
N’l B’k of Redemption. Boston,
National City Bank, Boston, .
Nat’ l Exchange Bank, Boston,
N’l Hide & Leather B’k, Boston,
National Revere Bank, Boston,
National Webster B’k, Boston,
Shavvmut National B’k, Boston,
Shoe & Leather N ’l B’k, Boston,
Third National Bank, Boston,.
Winthrop Nat’l Bank, Boston,
First National Bank, C helsea,.
Dedham Nat’l Bank, Dedham,
Metacomet N ’l B’k, Fall River,
Nat’l Union Bank, Fall River,
Second Nat’l Bank, Fall River,
Leominster N ’l B'k,Leominster,
First National Bank, Malden, .
Oxford Nat’l Bank. Oxford, .
Palmer National Bank, Palmer,


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

$5,000
25,000
15,000
10,000
1,500
10,000
5,000
20,000
15,000
8,500
3,500
14,500
25,000
-

15,000
31,300
6,600
2,000
12,000
25,000
40,000
7,000
30,000
2,000
10,000
3,600
41,200
5.000
10,000
1,000
1,300
$401,000

Estimated
Market Value.

$5,600
27,250
11,700
9,925
1,950
12,575
9,750
19,450
13,650
16,660
3,692
14,826
28,312
500
19,575
33,412
6,072
2,045
14,640
25,500
35,700
9,520
30,000
2,100
12,700
3,780
61,800
5,750
15,850
1,000
1,885

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

$457,169 00

Amount Invested,

$5,000
25,000
15,000
10,000
1,500
10,000
5,000
20,000
15,000
8,500
3,500
14,500
25,000

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

-

15,000
31,300
6,600
2,000
12,000
25,000
40,000
7,000
30,000
2,000
10,000
3,600
41,200
5,000
10,000
1,000
1,300

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

$401,000 00

192

R E P O R T O F TH E

[Pub. Doc.

Fall River Five Cents Savings Bank — Continued.
D etailed Statem ent o f R ailroad Bonds.

Par Value.

Boston & Lowell 11.R. 4 s ,.
Concord & Montreal R.R. 4s, .
Fitchburg R.R. 4s,
Maine Central R.R. 4s,
Maine Central R.R. 4.Js, .
Old Colony R.R. 4s, .
St. Johnsbury & Lake Champlain
R.R. 5 s , ..................................................

Estimated
Market Value.

Amount Invested.

$50,000
25,000
50,000
25,000
25,000
50,000

$53,375
27,000
53,750
26,500
27,265
56,250

00
00
00
00
00
00

$50,000
25,000
50,000
25,000
25,000
50,000

00
00
00
00
00
00

100,000

129,000 00

100,000 00

$325,000

$373,140 00

$325,000 00

Total A m ou n t o f L oan s, with E ach Specified Rate o f Interest.

Amount.
$55,722 27
110,000 00

Kate.
2 per cent.
4 “

Amount.

Kate.

Amount.

Rate.

$325,000 00
815,650 00

4J per cent.

$1,692,292 00
35,300 00

5^ per cent.
6
“

5

“

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, 1898,
.
.
Value, by books, of other real estate, held or owned by foreclosure or
o th erw ise,............................................................................................................
Assessed value of the s a m e ,.................................................................................
Net income received from same during year ending Oct. 31, 1898,
.
.
Number of loans which are of an amount not exceeding $3,000 each, 515
Aggregate amount of the s a m e , .........................................................................
Total number of loans upon real e s t a t e , ............................................. 703
Gross amount of interest or profits received or earned, as per books, during
year ending Oct. 31, 1 8 9 8 ,.................................................................................
Times for the dividends fixed by the by-laws: second Monday in June
and December.
Rate and amount of each semi-annual dividend 1 2| per cent., $80,681 20 ;
during the year ending Oct. 31, 1898,
.
. ( 2 per cent., 72,637 82 >
Number of accounts opened during the year ending Oct. 31, 1898,
2,037
Number of accounts closed during the year ending Oct. 31, 1898,
1,767
Total number of open accounts Oct. 31, 1898,
.
.
.
.
13,578


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

$45,000
68,500
68,500
3,819

00
00
00
35

58,348 97
66,700 00
2,425 00
849,067 00

203,298 59

gjg ^

^
’

No. 8 .]

S A Y IN G S B A N K CO M M ISSION ERS.

193

Fall River Five Cents Savings B a n k — Concluded.
Total expenses of the corporation for the year ending Oct. 31, 1898 (ex­
clusive of taxes),
..........................................................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 8 9 8 , ..........................................................................................
Number of s a m e , ................................................................................. 18,051
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 8 9 8 , ...................................................................................................
Number of s a m e , .................................................................................11,900
Date of examination by commissioner : October 6.


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

$9,660 99
605,131 48

703,089 37

194

R E P O R T O F TH E

[Pub. D oc.

F A R M E R S ’ A N D M E C H A N IC S ’ S A V IN G S B A N K — SOUTH
F R A M IN G H A M .

Incorporated April 23, 1883.
W

il l a r d

Present number of corporators, 30.

H o w e , President.
G e o r g e E. C u t l e r , Treasurer.
S. G . D a v e n p o r t , Clerk o f the Corporation.

Names of committee charged with the investment of its funds:
G e o r g e E. C u t l e r ,
J. T. W h i t n e y ,

H. L. S a w y e r ,
C. D. L e w i s ,

A . R. N ew ton.

Open for business every business day except Saturdays, 8
Saturdays, 8 a . m . to 12 m .

a m.

to 12 m . ; 2 to 4

p .m .

;

B a l a n c e S h e e t O c t o b e r 31, 1898.

A ssets.

Bank stock, as per schedule,
Loans on bank stock,
Loans on railroad bonds, .
Real estate by foreclosure,.
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
( n o t e s ) ,....................................
Loans on depositors’ books,
Deposit in bank, not on interest,
Furniture,....................................
T a x e s , ....................................
Insurance,....................................
Cash on hand, .
.
.
.

L ia b il it ie s .

$29,219 00
3,000 00
100 00
14,893 62
435,329 40
166,651 65

Deposits, .
Guaranty fund,
Undivided earnings,
Cemetery funds,

$647,978
16,125
28,118
570

68
00
54
66

15,000 00
1,010 00
34
00
63
55
69

25,288
1,040
89
77
1,093

$692,792 88

$692,792 88

Cash on Deposit in Bank : —
Framingham National Bank, South Framingham,


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Federal Reserve Bank of St. Louis

.

$25,288 34

No. 8 .]

195

S A V IN G S B A N K COM M ISSION ERS

Farmers’ and Mechanics’ Savings Bank — Continued.
Loans on Bank Stock, amount on each : —
5
26

shares Boylston National Bank, Boston,.................................................. $400 00
shares Framingham National Bank, South Framingham,
. .
.
2,600 00

Loan on Railroad Bond : —
$100 Maine Central R .R . 6 s ,................................................................................. $100 00

No. of
Shares.

D etailed Statem ent o f B a n k Stocks.

21
16
6
40
7
9
6
5
17i
9
100
10

l

Par Value.

Continental N ’l Bank, Boston,
Eliot National Bank, Boston, .
Freeman’s Nat’l Bank, Boston,
Market National Bank. Boston,
National Revere Bank, Boston,
Second National Bank, Boston,
Shawmut Nat’l Bank, Boston,.
First National Bank, Chelsea,.
Holliston N ’l Bank, Holliston,
Northborough National Bank,
North borough,
Framingham National Bank,
South Framingham,
First N ’l Bank, AVest Newton,

$2,100
1,600
600
4,000
700
900
600
500
466

Estimated
Market Value.

$2,520
2,080
600
3,080
644
1,566
732
500
350

Amount Invested.

00
00
00
00
00
00
00
00
00

$2,525
2,084
551
3,908
952
1,358
724
650
932

25
00
00
25
50
25
50
00
25

900

1,035 00

1,134 00

10,000
1,000

13,500 00
1,000 00

13,399 00
1,000 00

$23,366

$27,607 00

$29,219 00

Total A m ou n t o f L oa n s, with Each Specified Rate o f Interest.

Amount.

$30,000 00
10,000 00

Bate.

4 per cent.
4i
“

Amount.

$45,000 00
414,772 00

Rate.

4£ per cent.
5J
«

Amount.

$3,700 00
117,619 05

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 year ending Oct. 31, 1898,
.
.
Number of loans which are of an amount not exceeding $3,000 each, 271
Aggregate amount of the s a m e , ........................................................................
Total number of loans upon real e s t a t e , ............................................. 240
Amount of investments from which no income is received, .
.
.
.
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1 8 9 8 , ...............................................................
Times for the dividends fixed by the by-laws: first Tuesday in April and
October.


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Federal Reserve Bank of St. Louis

Rate.

5J per cent.
6
«

$14,893 62
15,400 00
805 28
305,691 05
10,000 00
34,870 06

196

R E P O R T O F TH E

[Pub. D oc.

Farmers’ and Mechanics’ Savings Bank — Conck
Rate and amount of each semi-annual divi
during the year ending Oct. 31, 1898,
Number of accounts opened during the year endingOct. 31, 1898,
. 376
Number of accounts closed during the year endingOct. 31, 1898,
. 269
Total number of open accounts Oct. 31, 1898,
.
.
.
.
2,428
Total expenses of the corporation for the year ending Oct. 31, 1898 (ex­
clusive of taxes).....................................................................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 8 9 8 ,..........................................................................................
Number of s a m e , .......................................................................... 2,428
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 8 9 8 , ...................................................................................................
Number of s a m e , ...........................................................................2,014
Date of examination by commissioner : January 17.


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

2,210 65
126,084 96

163,788 79

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

198

R E P O R T O F TH E

[Pub. D oc

Fitchburg Savings Bank — Continued.
Loans on Bank Stock, amount on each: —
5 shares Fitchburg National Bank, Fitchburg,............................................. $400 00
112 shares Safety Fund National Bank, F i t c h b u r g ,....................................
7,000 00

D etailed Statem ent o f P u blic F u nd s.

Par Value.

City of Fitchburg, Mass., 4s, .
of Keene, N. H., 3£s,
of New Bedford, Mass., 4s,
of Norwich, Conn., 7s,
of Portland, Me., 6 s ,.
of Saginaw, Mich., 4s,
Town of Leominster, Mass., 4s,
of Turner’s Falls, Mass. (Fire
District), 4s,
United States 3s,
.
.
.
United States 4s,
.
.
.

$56,000
12,000
25,000
17,000
5,000
25,000
20,000

Estimated
Market Value.

$59,340
12,240
26,500
20,655
6,050
25,412
20,150

00
00
00
00
00
50
00

Amount Invested.

$56,000
12,000
25,000
17,935
4,662
25,000
20,000

00
00
00
00
50
00
00

25,000
20,000
30,000

26,335 00
21,200 00
33,600 00

25,000 00
20,000 00
30,000 00

$235,000

$251,482 50

$235,597 50

No. of
Shares.

D etailed Statem ent o f B a n k Stocks.

60
100
150
100
150
166
225
75
100
100
116
173
123
170
50
100
5
133
100
30

Par Value.

Atlantic Nat’l Bank, Boston, .
Atlas National Bank, Boston, .
Boston Nat’l Bank, Boston,
Eliot National Bank, Boston, .
Howard N ’l Bank, Boston,
Lincoln N ’l Bank, Boston,
Merchants’ Nat’l Bank, Boston,
N ’l B’k of No. America, Boston,
N ’l Hide & Leather B’k, Boston,
National Revere Bank, Boston,
North National Bank, Boston,
Fitchburg Nat'l B’k, Fitchburg,
Rollstone Nat’l B’k, Fitchburg,
Safety Fund N ’l B’k, Fitchburg,
Citizens’ N ’l B’k, New Bedford,
National Bank of Commerce,
New Bedford,
Townsend N ’l B’k, Townsend,
Crocker N ’l B ’k, Turner’s Falls,
City Nat’l Bank, Worcester, .
Quinsigamond National Bank,
Worcester, .
.
.
.


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

Estimated
Market Value.

Amount Invested.

$6,000
10,000
15,000
10,000
15,000
16,600
22,500
7,500
10,000
10,000
11,600
17,300
12,300
17,000
5,000

$6,720
10,900
14,887
13,000
14,587
10,873
34,875
7,668
10,675
9,200
11,832
25,085
17,835
17,000
4,250

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

$7,500
12,500
15,000
13,000
15,000
16,600
23,750
7,500
11,600
10,000
11,600
19,597
13,530
18,020
5,000

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

6,000
500
13,300
10,000

3,500
560
16,226
14,000

00
00
00
00

6,000
500
13,300
10,000

00
00
00
00

3,000

4,200 00

3,000 00

$218,600

$247,874 75

$232,997 00

No. 8 .]

199

S A Y IN G S B A N K CO M M ISSION ERS.

Fitchburg Savings Bank — Concluded.
D etailed Statem ent o f R ailroad Bonds.

Par Value.

Fitchburg ll.R. 4s, .
Fitchburg R.R. 4£s, .
.
.
.
Fitchburg R.R. 5s, .
Maine Central R.R. 4s,
Old Colonj7 R.R. 4s, .
Vermont & Massachusetts R.R. 5s, .

Estimated
Market Value.

$150,000
30.000
135,000
25.000
5,000
16.000

$157,725
33,300
142,800
26,500
5,650
16,960

00
00
00
00
00
00

$361,000

$382,935 00

Amount Invested.

$152,500
31,500
137,100
25,000
5,000
16,400

00
00
00
00
00
00

$367,500 00

Total A m ou nt o f Loans, w ith E ach Specified R ate o f Interest.

Rate.

Amount.

$46,333
88,336
65,000
145,000

81
43
00
00

2 per cent.
2h
“
3
“
4
“

Amount.

$34,000
741,364
41,100
1,465,228

00
33
00
96

Rate.

Amount.

Rate.

4 j per cent.
Ah
“
4|
“
5
“

$192,700 00
56,225 00
5,000 00

5J per cent.
6
7

Amount invested in real estate for banking purposes,.................................... $130,000 00
130.000 00
Estimated value of the same,.
...............................................................
102.000 00
Assessed value of the s a m e ,.................................................................................
1,005 67
Net income received from same during year ending Oct. 31, 1898,
Value, by books, of other real estate, held or owned by foreclosure or
23,428 87
o th e r w ise ,............................................................................................................
26,050 00
Assessed value of the s a m e ,.................................................................................
Number of loans which are of an amount not exceeding $3,000 each, 428
581,329 33
......................................................
Aggregate amount of the same,
.
Total number of loans upon real e s t a t e , ............................................. 427
Gross amount of interest or profits received or earned, as per books,
173,008 64
during year ending Oct. 31, 1898,
Times for the dividends fixed by the by-laws : January 1 and July 1.
Rate and amount of each semi-annual dividend f 2 per cent., $66,988 57 ) 135,944 86
during the year ending Oct. 31, 1898,
.
( 2 per cent.,
68,956 29 i
Number of accounts opened during the year ending Oct. 31, 1898,
1,246
Number of accounts closed during the year ending Oct. 31, 1898,
1,038
Total number of open accounts Oct. 31, 1898,
.
.
.
.
7,693
Total expenses of the corporation for the year ending Oct. 31, 1898 (ex­
6,783 50
clusive of taxes), ...................................................................................................
Amount of deposits, not including dividends, received during the year
667,240 91
ending Oct. 31, 1898, . .......................................................................................
Number of s a m e , .......................................................................................... 4,874
Amount of withdrawals, including dividends, during the year ending
602,787 06
Oct. 31, 1898.............................................................................................................
Number of s a m e , .......................................................................................... 4,672
Date of examination by commissioner: September 20.


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

200

R E P O R T O F TH E

[Pub. D oc.

FLO R E N C E S A V IN G S B A N K — F LO R EN C E.

Incorporated Feb. 14, 1873.

Present number of corporators, 37.

S a m u e l P o r t e r , President.

M. E. G o u l d , Treasurer.
M. E. G o u l d , Clerk o f the Corporation.

Names of committee charged with the investment of its funds:
H. F. C u t l e r ,
H. B. H a v e n , Jr.,

Sam uel P o rter,

L. F. P l im p t o n ,

G eo r g e S. G r a v e s .

Open for business every business day, 10

a .m .

to 2

p .m .

B a l a n c e S h e e t O c t o b e r 31, 1898.

A ssets.

Public funds, as per schedule, .
Bank stock, as per schedule,
Railroad bonds, as per schedule,
Real estate (for banking pur­
poses)..........................................
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Loans on depositors’ books,
Deposits in banks, on interest, .
Expense account,
Furniture and fixtures,
Premiums,....................................
Cash on hand, .
.
.
.

L ia b il it ie s .

$16,000 00
23,200 00
16,000 00
4,745
2,625
142,743
61,197
250
23,328
40
479
1,636
311

92
00
40
50
00
89
00
49
75
46

$292,558 41

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

$281,810 45
9,980 21
617 75
150 00

$292,558 41

Cash on Deposit in Banks, amount in each : —
Hampshire County National Bank, N o r t h a m p t o n ,.................................... $13,745 16
First National Bank, N o r th a m p to n ,...............................................................
9,583 73


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

No. 8 .]

201

SA V IN G S B A N K CO M M ISSION ERS.

Florence Savings Bank — Continued.
D etailed Statem ent o f P u blic F u n d s.

City of Lynn, Mass., 4s, .
Town of Abington, Mass., 4s, .
of Orange, Mass , 4s,

Par Value.

Estimated
Market Value.

$7,000
4.000
5.000

$7,420 00
4,010 00
5,100 00

$7,000 00
4.000 00
5.000 00

$16,000

$16,530 00

$16,000 00

Amount Invested.

No. of
Shares.

D etailed Statem ent o f B an k Stocks.

85
40
90
17

Par Value.

Home Nat’l Bank, Holyoke, .
First N ’l Bank, Northampton,
Hampshire County Nat’l Bank,
Northampton,
Agawam NT B’k, Springfield,.

Estimated
Market Value.

Amount Invested.

$8,500
4,000

$9,350 00
5,400 00

$8,500 00
4,000 00

9,000
1,700

1,800 00
935 00

9,000 00
1,700 00

$23,200

$17,485 00

$23,200 00

D etailed Statem ent o f B ailroad Bonds.

Boston & Lowell H R. 4 s,.
Boston & Providence R.R. 4s. .
Vermont & Massachusetts R.R. 5s, .

Par Value.

Estimated
Market Value.

$5,000
10,000
1,000

$5,237 50
10,900 00
1,060 00

$5,000 00
10,000 00
1,000 00

$16,000

$17,197 50

$16,000 00

Amount Invested.

Total A m ount o f L oan s, ivith Each Specified Rate o f Interest.

Amount

$9,583 73

Kate.

Amount.

3£ per cent.

$203,915 90


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

Kate.

5 per cent.

Amount.

$14,020 16

Rate.

6 per cent.

202

R E P O E T O F TH E

[Pub. Doc,

Florence Savings Bank — 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, 1898,
Value, by books, of other real estate, held or owned by foreclosure or
o th erw ise,............................................................................................................
Assessed value of the s a m e ,.................................................................................
Number of loans which are of an amount not exceeding $3,000 each,
139
Aggregate amount of the s a m e , ........................................................................
Total number of loans upon real e s t a t e , ............................................. 125
Amount of investments from which no income is received, .
.
.
.
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1 8 9 8 , ...............................................................
Times for the dividends fixed by the by-laws: second Tuesday in April
and October.
Rate and amount of each semi-annual dividend f 2 per cent.,
$5,906 96 ]
during the year ending Oct. 31, 1898,
.
.1 2 per cent.,
5,323 52 1
Number of accounts opened during the year ending Oct. 31, 1898,
. 183
Number of accounts closed during the year ending Oct. 31, 1898,
. 274
Total number of open accounts Oct. 31, 1898,
.
.
.
.
1,227
Total expenses of the corporation for the year ending Oct. 31, 1898 (ex­
clusive of taxes),
..........................................................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 8 9 8 ,..........................................................................................
Number of same.......................................................................................1,474
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 8 9 8 , ...................................................................................................
Number of s a m e , ................................................................................. 1,230
Date of examination by commissioner: May 19.


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

$4,745
5.000
3.000
120

92
00
00
00

2,625 00
1,960 00
140,889 90
2,780 00
13,995 03

11,230 48

801 88
58,720 30

92,850 ]10

No. 8 .]

S A Y IN G S B A N K CO M M ISSION ERS.

203

FO XB O R O U G H SA V IN G S B A N K — F O XB O R O U G H .

Incorporated April 18, 1855.

Present number of corporators,'34.

F is h e r E . H a r t s h o r n , President.
E d w a r d M . P h e l p s , Treasurer.
E d w a r d M . P h e l p s , Clerk o f the Corporation.

Names of committee charged with the investment of its funds :
R ic h a r d S. C a r p e n t e r ,
W il l i a m T. C o o k ,
A l l e n H . M e s s in g e r ,
F is h e r E . H a r t s h o r n ,
L e w is E . G r a y .

Open for business every business day, 9 a .m . to 3
Saturdays, 6 to 8 p . m .

B

alance

; also Wednesdays and

S h e e t O c t o b e r 31, 1898.

L ia b il it ie s .

A ssets.

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

p .m .

$9,000
56,850
56,000
3,450
169,220
10,485
2,632
4,146

00
00
00
00
00
00
68
77

$311,784 45

Deposits, .
Guaranty fund,
Bank liquidation ac­
count, .
Undivided earnings,.

$289,096 28
12,700 00
1,557 38
8,430 79

$311,784 45

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


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

$2,632 68

[Pub. Doc

R E P O R T O F TH E

204

Foxborough. Savings Bank — Continued.
D etailed sta tem en t o f P ublic F u n d s.

City of Lynn, Mass , 5s,

.

Par Value.

Estimated
Market Value.

$9,000

$9,810 00

Amount Invested

$9,000 00

No. of
Shares.

D etailed Statem ent o f B a n k Stocks.

23
15
34
10
22
8
30
5
29
58
10
11
31
10
43
40
11
10
14
35
6
40
12
24
36
5
8

Par Value.

Blackstone Nat’l Bank, Boston,
Boston Nat’l Bank, Boston,
Boylston Nat’l Bank, Boston, .
Columbian Nat’l Bank, Boston,
Continental N ’l Bank, Boston,
Faneuil Hall N’l Bank, Boston,
Howard Nat’l Bank, Boston, .
Manufacturers’ N ’l B’k, Boston,
Market National Bank, Boston,
Metropolitan N’l B'k, Boston,.
Mt. Vernon N ’l Bank, Boston,
N ’l Bank of Commerce, Boston,
N ’ l B’k of No. America, Boston,
National City Bank, Boston, .
National Eagle Bank, Boston,
N ’l Hide & Leather B’k, Boston,
National Revere Bank, Boston,
Nat’l Webster Bank, Boston, .
Old Boston N’l Bank, Boston, .
Shoe & Leather N ’ l B'k, Boston,
Suffolk National Bank, Boston,
Third National Bank, Boston,.
Tremont Nat’l Bank, Boston, .
Winthrop Nat’l Bank, Boston,
Dedham N’l Bank, Dedham, .
National Bank of Wrentham,
Wrentham..................................
State Street Trust Co., Boston,


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

$2,300
1,500
3,400
1,000
2,200
800
3,000
500
2,900
5,800
1,000
1,100
3,100
-

4,300
4,000
1,100
1,000
1,400
3,500
600
4,000
1,200
2,400
3,600

Estimated
Market Value.

$1,794
1,488
4,114
970
2,640
1,006
2,917
500
2,233
5,278
962
1,160
3,169
50
3,784
4,270
1,012
1,022
1,540
3,570
636
3,570
852
3,264
3,816

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

Amount Invested.

$2,300
1,500
3,400
1,000
2,200
800
3,000
500
2,900
5,800
1,000
1,100
3,100

00
00
00
00
00
00
00
00
00
00
00
00
00
-

4,300
4,000
1,100
1,000
1,400
3,500
600
4,000
1,200
2,400
3,600

00
00
00
00
00
00
00
00
00
00
00

350
800

400 00
846 00

350 00
800 00

$56,850

$56,866 50

$56,850 00

No. 8 .]

205

SA V IN G S B A N K CO M M ISSIO N ERS.

Foxborough Savings Bank — Concluded.
D etailed Statem ent o f R ailroad Bonds.

Par Value.

Boston, Clinton, Fitchburg & New
Bedford R.R. 5s, .
Boston & Lowell R.R. 4s,
Boston & Maine R.R. 4s, .
Fitchburg R.R. 5s,
.
.
.
.
Maine Central R.R. 4s,
Maine Central R.R. 4£s, .
Portsmouth, Great Falls & Conwav
R R, 4is,
St. Johnsbury & Lake Champlain
R.R. 5 s , ..................................................
Upper Coos R R. 4 s ,.
Vermont & Massachusetts R.R. 5s, .

$2,000
11,000
3,000
5,000
6,000
5,000

Estimated
Market Value.

$2,300
11,700
3,390
5,575
6,360
5,500

00
00
00
00
00
00

Amount Invested.

$2,000
11,000
3,000
5,000
6,000
5,000

00
00
00
00
00
00

4,000

4,880 00

4,000 00

10,000
5,000
5,000

12,900 00
5,000 00
5,250 00

10,000 00
5,000 00
5,000 00

$56,000

$62,855 00

$56,000 00

Total A m ou n t o f L oa n s, with E ach Specified Rate o f Interest.

Amount.

$2,632 68
21,550 00

Rate.

2 per cent.
5
“

Amount.

$4,800 00

Bate.

Amount.

5£ per cent.

$153,355 00

Rate.

6 per cent.

$3,450 00
Value, by books, of real estate, held or owned by foreclosure or otherwise,
5,460 00
Assessed value of the same, .................................................................................
Number of loans which are of an amount not exceeding $>3,000 each, 169
147,405 00
Aggregate amount of the s a m e , ........................................................................
Total number of loans upon real estate.......................................................162
2,900 00
Amount of investments from which no income is received,
Gross amount of interest or profits received or earned, as per books,
15,605 89
during year ending Oct. 31, 1 8 9 8 , ...............................................................
Times for the dividends fixed by the by-laws : Wednesday after first Mon­
day in June and December.
Rate and amount of each semi-annual dividend ( 2 per cent., $5,362 69 1
10,772 59
during the year ending Oct. 31, 1898,.
.
1 2 per cent., 5,409 90 1
Number of accounts opened during the year ending Oct. 31, 1898,
. 159
Number of accounts closed during the year ending Oct. 31, 1898,
. 126
Total number of open accounts Oct. 31, 1898,
.
.
.
.
1,262
Total expenses of the corporation for the year ending Oct. 31, 1898 (ex­
1,260 31
clusive of taxes),
..........................................................................................
Amount of deposits, not including dividends, received during the year
75,940 01
ending Oct. 31, 1898...............................................................................................
Number of s a m e ,............................................................... ........
1,074
Amount of withdrawals, including dividends, during the year ending
83,494 02
Oct. 31, 1898............................................................................................................
Number of s a m e , .................................................................................1,138
Date of examination by commissioner: January 14.


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

206

R E P O R T O F TH E

[Pub. Doc.

F R A N K L IN S A V IN G S B A N K — BOSTON.
Incorporated March 15, 1861.

Present number of corporators, 93.

(Office vacant), President.

E b e n e z e r A l e x a n d e r , Treasurer.
G e o r g e A . F i s h e r , Clerk o f the Corporation.

Names of committee charged with the investment of its funds :
A ugustus P a r k e r ,

D. R. E m e r s o n ,
M a r t in L. B r a d f o r d ,

J a m e s A r t h u r Ja c o b s ,
J a m e s E. W h i t n e y ,
C h a r l e s E. R o g e r so n .

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 o b e r 31, 1898.

A ssets.

L ia b il it ie s .

Public funds, as per schedule, .
Bank stock, as per schedule,
Loans on bank stock,.
Railroad bonds, as per schedule,
Boston Terminal Co. bonds,
Real estate (for banking pur­
poses), ....................................
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
( n o t e s ) ,....................................
Deposits in banks, on interest, .
Expense account,
Bennett Spinning Co. stock,* .
Howland Mills Corp’n stock,* .
Taxes and insurance on mort­
gage account, .
.
.
.
Cash on hand, .
.
.
.

$1,553,500
293,823
113,200
1,450,000
300.000

00
62
00
00
00

225.000
95,930
4,167,397
1,604,800

00
15
14
00

15.000
537,873
5,297
32,900
15.000

00
69
88
00
00

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

$9,890,189 96
376.000 00
98,535 35
57,621 98
7,008 93

1,551 98
18,081 76
$10,429,356 22

$10,429,356 22

* Taken to secure indebtedness.

Cash on Deposit in Banks, amount in each : —
Boylston National Bank, Boston..............................
Continental National Bank, Boston,
Massachusetts Loan and Trust Company, Boston,
National Revere Bank, Boston..................................
Shoe and Leather National Bank, Boston, .
North National Bank, Boston...................................
Pynchon National Bank, Springfield, .


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

.................................... $146,119
....................................
77,953
....................................
50,000
....................................
97,871
....................................
65,000
....................................
75,929
....................................
25,000

42
38
00
83
00
06
00

No. 8 .]

SA V IN G S B A N K CO M M ISSION ERS.

207

Franklin Savings Bank — Continued.
Loans on Bank Stock, amount on each : —
150 shares Massachusetts Loan and Trust Company, Boston,
58 shares Massachusetts National Bank, Boston,
84 shares Traders’ National Bank, Lowel l , .
.
.
.
235 shares Continental National Bank, Boston, .
235 shares Fourth National Bank, Boston, .
.
.
.
50 shares Bay State Trust Company, Boston,
425 shares Broadway National Bank, Boston,

$

12,000 00
3.500 00
6,700 00

22,000 00
22,000 00
4.500 00
42,500 00

D etailed Statem ent o f P u blic F u n d s.

Par Value.

City of Altoona, Pa., 4s, .
of Belfast, Me., 4s, .
of Boston, Mass., Sis,
of Boston, Mass., 4s,
of Boston, Mass., 5s,
of Boston, Mass., 6s,
of Cambridge, Mass., 6s, .
of Chicago, 111., 4s, .
of Cleveland, Ohio, 4s,
of Columbus, Ohio, 4s,
of Detroit, Mich., 4s,
of Fall River, Mass., 6s, .
of Indianapolis, Ind., 4s, .
of Kansas City, Mo., 4£s, .
of Laconia, N. H., 4s,
of Lynn, Mass., 4s, .
of Middletown, Conn., 4s,
of Minneapolis, Minn., 4s,
of Newton, Mass., 4s,
of Northampton, Mass., 4s,
of Providence, R. I., 5s, .
of Rutland, V t., 4s, .
of Saginaw, Mich., 5s,
of Springfield, Mass., 7s, .
of St. Albans, Vt., 4s,
of Waterbury, Conn., 4s, .
of Woonsocket, R. I., 4s, .
of Youngstown, Ohio, 5 s ,.
Town of Spencer, Mass., 4s,
District of Columbia 6s, .
of Columbia 7s, .
County of Aroostook, Me., 4is,
State of Massachusetts 3is,
United States 4s,
.
.
.


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

$50,000
25,000
40,000
200,000
3,000
2,000
1,000
50,000
20,000
40,000
50,000
4,000
50,000
100,000
50,000
46,500
10,000
50,000
43,000
100,000
6,000
27,000
15,000
10,000
24,000
25,000
100,000
15,000
80,000
96,000
8,000
38,000
125,000
50,000

Estimated
Market Value.

$54,000
27,000
40,300
219,000
3,300
2,230
1,140
55,000
20,100
40,945
56,750
4,720
55,500
112,500
56,000
48,850
10,700
55,750
45,042
105,500
6,270
29,735
15,225
11,600
25,320
27,500
108,000
15,450
86,400
106,080
8,930
41,040
137,187
63,750

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
00
50
00

Amount Invested.

$50,000
25,000
40,000
200,000
3,000
2,000
1,000
50,000
20,000
40,000
50,000
4,000
50,000
100,000
50,000
46,500
10,000
50,000
43,000
100,000
6,000
27,000
15,000
10,000
24,000
25,000
100,000
15,000
80,000
96,000
8,000
38,000
125,000
50,000

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

$1,553,500 $1,696,815 00 $1,553,500 00

* Legal investments when made.

REPORT

208

[Pub. D oc

O F TH E

Franklin Savings Bank — Continued.

No. of
Shares.

D etailed Statem ent o f B an k Stocks.

41
200
133
93
205
41
81
135
106
97
79
200
200
201
133
20
139
172
200
55
200
130
86
84
50
100

Par Value.

Atlantic Nat’l Bank, Boston, .
Atlas National Bank, Boston, .
Blackstone Nat’l B’k, Boston, .
Boylston Nat’l Bank, Boston, .
Columbian Nat’ l Bank, Boston,
Eliot National Bank, Boston, .
Everett National Bank, Boston,
First Ward N ’l Bank, Boston,.
Fourth National Bank, Boston,
Freeman’s Nat’l Bank, Boston,
N’l B'k of Commerce, Boston,
N’ l B’ k of No. America, Boston,
National City Bank, Boston, .
Nat’l Exchange Bank, Boston,
National Revere Bank, Boston,
National Union Bank, Boston,.
Nat’ l Webster Bank, Boston, .
North National Bank, Boston,.
Old Boston N'l Bank, Boston,
Second National Bank, Boston,
Shoe & Leather N’l B’k, Boston,
State National Bank, Boston, .
Suffolk National Bank, Boston,
Naumkeag Nat’l Bank, Salem,
Third Nat’l Bank, Springfield,
Massachusetts Loan and Trust
Co., Boston, .
.
.
.

$4,100
20,000
13,300
9,300
20,500
4,100
4,050
13,500
10,600
9,700
7,900
20,000
-

20,100
13,300
2,000
13,900
17,200
20,000
5,500
20,000
13,000
8,600
8,400
5,000

Estimated
Market Value.

$4,592
21,800
10,374
11,253
19,885
5,330
3,240
17,550
12,508
9,700
8,334
20,450
1,000
26,230
12,236
2,665
14,212
17,544
22,000
9,570
20,400
14,527
9,116
10,080
11,000

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

Amount Invested.

$4,100
20,000
13,300
9,300
20,500
4,100
3,823
13,500
10,600
9,700
7,900
20,000

00
00
00
00
00
00
62
00
00
00
00
00

20,100
13,300
2,000
13,900
17,200
20,000
5,500
20,000
13,000
8,600
8,400
5,000

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

10,000

10,700 00

10,000 00

$294,050

$326,298 25

$293,823 62

D etailed Statem ent o f B ailroad Bonds.

Par Value.

Boston & Albany R.R. 4s,
Boston & Lowell R.R. 4s,.
Boston & Maine R.R. 4s, .
Boston & Maine R.R. 4is,
Boston, Revere Beach & Lynn R.R.
4 £ s , ..................................................
Concord & Claremont R R. 4£s,
Concord & Montreal R.R. 4s, .


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

Estimated
Market Value.

$50,000
100,000
50,000
100,000

$54,000
108,000
56,250
124,000

00
00
00
00

100,000
100,000
100,000

115,000 00
110,000 00
108,000 00

Amount Invested.

$50,000
100,000
50,000
100,000

00
00
00
00

100,000 00
100,000 00
100,000 00

No. 8 .]

SA Y IN G S B A N K COM M ISSION ERS

209

Franklin Savings Bank — Continued.
D etailed Statem ent o f R ailroad Bonds — Concluded.

Par Value.

Eastern R.R. 6s,
.
.
.
.
Fitchburg R.R. 4s,
Fitchburg R.R. 4ès, .
Fitchburg R R. 5s, .
Maine Central and European &
North American R.R. 4s,
N . Y . & N. E. R.R. (terminal) 4s, .
N ew York, New Haven & Hartford
R.R. 4 s , ..................................................
Norwich & Worcester R.R. 4s,
Old Colony R.R. 4s, .
Penobscot Shore Line R.R. 4 s ,.
Peterboro’ & Hillsboro’ R.R. 4£s,
St. Johnsbury & Lake Champlain
R.R. 5 s , ..................................................

Estimated
Market Value.

$50,000
50,000
56,000
114,000

$59,375
53,500
61,880
116,850

100,000
50,000

109,500 00
56,750 00

150,000
50,000
75,000
85,000
25,000

170,250
56,000
82,500
89,250
27,500

50,000

00
00
00
00

00
00
00
00
00

64,500 00

Amount Invested.

$50,000
50,000
56,000
114,000

00
00
00
00

95,000 00
50,000 00
150,000
50,000
75,000
85,000
25,000

00
00
00
00
00

50,000 00

$1,455,000 $1,623,105 00 $1,450,000 00

Total A m ou nt o f L oa n s, with E ach Specified Rate o f In terest.

Amount.

$397,873
65.000
75.000
45.000
79,500

Kate.

69
00
00
00
00

2 per cent.
2è
“
3
“
3è
“
3f
«

Amount.

$142,500
1,237,500
261,700
945,299
80,000

Kate.

00
00
00
20
00

3J per cent.
4
“
4i
“
44
“
4f
“

Amount.

$2,810,493
242,805
10,000
45,599

Kate.

04
15
00
75

5 per cent.
5è
“
5f
«
6
«

Amount invested in real estate for banking purposes,.................................... $225,000
Estimated value of the s a m e , ........................................................................
225.000
Assessed value of the s a m e ,.................................................................................
165.000
Value, by books, of other real estate, held or owned by foreclosure or
otherwise..................................................................................................................
95,930
Assessed value of the s a m e ,.................................................................................
81,900
Number of loans which are of an amount not exceeding $3,000 each, 433
Aggregate amount of the s a m e , ........................................................................
751,696
Total number of loans upon real estate....................................................... 789
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1898........................................................................
438,192
Times for the dividends fixed by the by-laws: February 1 and August 1.
Rate and amount of each semi-annual dividend ( 1| per cent., $163,257 98 1
328,283
during the year ending Oct. 31, 1898,
.
( I f per cent., 165,025 26 i
Number of accounts opened during the year ending Oct. 31, 1898,
2,183
Number of accounts closed during the year ending Oct. 31, 1898,
1,974
Total number of open accounts Oct. 31, 1898,
.
.
.
.
20,087


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

00
00
00
15
00
75

15
24

210

R E P O R T O F TH E

[Pub. D oc

Franklin Savings Bank — Concluded.
Total expenses of the corporation for the year ending Oct. 31, 1898 (ex­
clusive of taxes),
...........................................................................................$23,736 45
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1898............................................................................................... 1,528,639 04
Number of s a m e ,................................................................................. 14,609
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 8 9 8 , ................................................................................................... 1,738,921 54
Number of s a m e , ................................................................................. 15,604
Date of examination by commissioner : May 26.


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

No. 8 .]

211

SA Y IN G S B A N K COM M ISSION ERS.

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.
W

il l i a m

Present number of corporators, 21.

H . A l l e n , President.
C h a r l e s A l l e n , Treasurer.
F r a n k l in R. A l l e n , Clerk o f the Corporation.

Names of committee charged with the investment of its funds:
J o se p h W . S t e v e n s ,
L u c iu s N im s ,
W il l ia m H . A l l e n ,
J o se p h G r is w o l d ,
H en ry F . N ash .

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 o b e r 31, 1898.

L ia b il it ie s .

A ssets.

Public funds, as per schedule, . $1,068,000 00
50,000 00
Loans on public funds,
61,900 00
Bank stock, as per schedule,
35,188 00
Loans on bank stock,
550,000 00
Railroad bonds, as per schedule,
69 48
Real estate by foreclosure,
1,237,198 85
Loans on real estate, .
894,780 72
Loans on personal security,
Loans to counties, cities or towns
179,500 00
(notes), ....................................
3,542 00
Loans on depositors’ books,
307,264 60
Deposits in banks, on interest, .
2,864 98
Expense account,
1,068 94
Unpaid interest, .
.
.
.
4,644 44
Cash on hand, .
.
.
.
$4,396,022 01

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

i

$4,069,392 84
200,000 00
38,834 34
87,794 83

$4,396,022 01

Cash on Deposit in Banks, amount in each : —
National Hide and Leather Bank, B o s t o n ,...................................................... $159,410 30
First National Bank, Greenfield,........................................................................
82,253 27
Franklin County National Bank, G r e e n f i e l d ,.............................................
15,000 00
Home National Bank, H o ly o k e ,........................................................................
10,000 00
Park National Bank, H o l y o k e , ........................................................................
15,203 32
Berkshire Loan and Trust Company, P ittsfield,.............................................
10,000 00
Springfield National Bank, S p r i n g f i e l d ,......................................................
15,397 71
Loan on Public Funds : —
$50,000 State of Massachusetts 3£s,


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

.

$50,000 00

212

R E P O R T O F TH E

[Pub. D oc

Franklin Savings Institution — Continued.
Loans on Bank Stock, amount on each : —
98 shares Hampshire County National Bank, Northampton,
15 shares First National Bank, Northampton, .
.
.
.
10 shares City National Bank, W orcester,....................................
50 shares Franklin County National Bank, Greenfield,
22 shares Shelburne Falls National Bank, Shelburne Falls,
30 shares Adams National Bank, North Adams,
5 shares First National Bank, Greenfield.......................................
50 shares Springfield Safe Deposit and Trust Company, Springfield,
50 shares National Bank of the Commonwealth, Boston, .
60 shares Home National Bank, H o ly o k e,....................................
23 shares First National Bank, Greenfield,....................................

$11,288 00*
1,000 00
3.000 00
2,200 00

700 00
500 00

10,000 00
5.000 00
1,500 00

* This loan is in excess of the legal limit.

D etailed Statem ent o f P ublic Funds.

Par Value.

City of Boston, Mass., 5s,
of Boston, Mass , 6s,
of Brockton, Mass., 5s,
of Cambridge, Mass., 6s, .
of Chicago, 111., 4s, .
of Cleveland, Ohio, 5s,
of Dayton, Ohio, 5s, .
of Detroit, Mich., 4s,
of East Saginaw, Mich., 4s,
of East Saginaw, Mich., 5s,
of Fall River, Mass., 4s, .
of Fall River, Mass., 6s, .
of Grand Rapids, Mich., 5s,
of Hartford, Conn., 4s,
of Holyoke, Mass., 6s,
of Lawrence, Mass., 6s, .
of Lynn, Mass., 4s, .
o f Milwaukee, W is., 5s, .
of Nashua, N. H., 6s,
of Peoria, 111., 4ès, .
of Peoria, 111., 5s,
of Providence, R. I., 5s, .
of Providence, R. I., 6s, .
of Springfield, Mass., 6s, .
of Springfield, Mass., 7s, .
of Springfield, Ohio, 5s, .
of Worcester, Mass., 5s, .
Town of Athol, Mass., 4£s,
of Brattieboro, V t., 4s, .
of Chatham, Mass., 4 £ s ,.
of Marblehead, Mass., 4s,
United States 5s,
.
.
.


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

$30,000
16,000
28,000
13,000
25,000
73,000
50,000
25,000
22,500
25,000
50,000
21,000
50,000
25,000
46,000
20,000
10,000
100,000
75,000
25,000
20,000
25,000
100,000
4,000
20,000
45,000
18,000
4,000
12,000
5,000
35,500
50,000

Estimated
Market Value.

$33,750
17,840
31,665
14,520
27,750
76,560
58,050
28,250
22,500
25,750
50,500
21,400
57,000
26,750
46,920
23,500
10,500
109,715
77,250
27,000
20,600
28,000
103,500
4,560
22,800
48,600
19,890
4,040
12,000
5,380
38,197
56,500

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

Amount Invested.

$30,000
16,000
28,000
13,000
25,000
73,000
50,000
25,000
22,500
25,000
50,000
21,000
50,000
25,000
46,000
20,000
10,000
100,000
75,000
25,000
20,000
25,000
100,000
4,000
20,000
45,000
18,000
4,000
12,000
5,000
35,500
50,000

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

$1,068,000 $1,151,237 00 $1,068,000 00
A legal investment when made.

No. 8 .]

213

S A Y IN G S B A N K CO M M ISSIO N ERS.

Franklin Savings Institution — Continued.

No. of
Shares.

D etailed Statem ent o f B a n k Stocks.

5
153
87
83
68
140
25
10
30
18

Par Value.

Faneuil Hall N ’l Bank, Boston,
N ’l B’k of Commerce, Boston,.
N ’l B’k of Mo. America, Boston,
National Revere Bank, Boston,
National Webster B’k, Boston,
First Nat’l Bank, Greenfield, .
Franklin County Nat’l Bank,
Greenfield, .
.
.
.
Adams N ’l B’k, North Adams,
First N ’l Bank, Northampton,
Pittsfield Nat’l Bank, Pittsfield,

Estimated
Market Value.

Amount Invested.

$500
15,300
8,700
8,300
6,800
14,000

$628
16,141
8,895
7,636
6,953
22,400

00
00
00
00
00
00

$500
15,300
8,700
8,300
6,800
14,000

00
00
00
00
00
00

2,500
1,000
3,000
1,800

2,550
1,280
4,050
2,700

00
00
00
00

2,500
1,000
3,000
1,800

00
00
00
00

$61,900

$73,233 00

$61,900 00

D etailed Statem ent o f R ailroad Bonds.

Par Value.

Boston & Maine R R, 4s, .
Boston & Maine R.R. 4£s,
Conn. & Passumpsic Rivers R.R. 4s,
Danbury & Norwalk R.R. 5s, .
Eastern R R. .6s,
.
.
.
.
Fitchburg R.R. 4s, .
New York, New Haven & Hartford
R.R. 4s, ..................................................
N. Y . & N. E. R.R. (terminal) 4s, .
Old Colonv R.R. 4s, .
Sullivan County R.R. 4s, .
Vermont & Massachusetts R.R. 5s, .
Vermont Valley R.R. 5s, .

Estimated
Market Value.

Amount Invested.

$50,000
50,000
25,000
25,000
60,000
100,000

$56,500
62,500
28,250
29.750
70,800
103,000

00
00
00
00
00
00

$50,000
50,000
25,000
25,000
60,000
100,000

00
00
00
00
00
00

50,000
50,000
15,000
25,000
50,000
50,000

56,250
55,000
16,500
26,750
52,750
56,500

00
00
00
00
00
00

50,000
50,000
15,000
25,000
50,000
50,000

00
00
00
00
00
00

$550,000

$614,550 00

$550,000 00

Total A m ou n t o f L oan s, w ith E ach S pecified R ate o f Interest.

Amount.

$159,410
82,253
60,000
77,500

Rate.

30
27
00
00

2 per cent.
2è
“
H
“
3f
“


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

Amount.

$565,226
25,875
25,000
102,500

Rate.

03
00
00
00

4 per cent.
4i
“
4S
“
4è
“

Amount.

$49,000
1,540,409
10,000
10,300

Rate.

00
57
00
00

4| per cent.
5
5i
“
6
“

214

REPORT OF THE

[Pub. Doc

Franklin Savings Institution — Concluded.
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, 577
Aggregate amount of the same...............................................................................
Total number of loans upon real e s t a t e , ............................................. 601
Amount of investments from which no income is received, .
.
.
.
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1 8 9 8 , ...............................................................
Times for the dividends fixed by the by-laws: January 1 and July 1.
Rate and amount of each semi-annual dividend f 2 per cent., $75,753 59 i
during the year ending Oct. 31, 1898,
.
1 2 per cent.,
77,918 66 $
Number of accounts opened during the year ending Oct. 31, 1898,
. 852
Number of accounts closed during the year ending Oct. 31, 1898,
. 554
Total number of open accounts Oct. 31, 1898,
.
.
.
.
8,202
Total expenses of the corporation for the year ending Oct. 31, 1898 (ex­
clusive of taxes).....................................................................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 8 9 8 ,..........................................................................................
Number of s a m e , ................................................................................. 3,919
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 8 9 8 , ...................................................................................................
Number of s a m e , ................................................................................. 4,343
Date of examination by commissioner: September 1.


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

$69 48

200 00
620,793 40
69 48
196,185 19

153,672 25

7,955 40
445,674 45

392,518 59

No. 8.]

215

SAYINGS BANK COMMISSIONERS

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

Incorporated May 26, 1868.

Present number of corporators, 46.

C h ar le s W . C on an t , President.
John D. E d g e l l , Treasurer.
V o ln e y W . H o w e , Clerk o f the Corporation.

Names of committee charged with the investment of its funds :
C h ar les W . Co n an t ,
S am u el S. G leaso n ,
E u c lid L. B rooks ,
S. W . A. St e y e n s ,
E zra O sgood .

Open for business every business day except Saturdays, 9
days, close at 12 m .

a .m .

to 3

p .m .

; Satur­

B a l a n c e S h e e t O c t o b e r 31, 1898.

L ia b il it ie s .

A ssets.

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

$105,100
130,550
3,815
168,000
5,707
783,755
319,330

00
00
00
00
81
74
75

152,800
500
81,201
10,128
1,324
286
1,234

00
00
58
31
25
73
89

$1,763,735 06

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

$1,612,738 39
78,500 00
17,305 38
53,610 74
1,580 55

$1,763,735 06

Cash on Deposit in Banks, amount in each : —
First National Bank, Boston,
First National Bank, Gardner,


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

$44,201 58
47,128 31

216

REPORT OF THE

[Pub. Doc,

Gardner Savings Bank — Continued.
Loans on Bank Stock, amount on each : —
10 shares Westminster National Bank, Gardner,.........................................................$700
7 shares First National Bank, G a r d n e r ,......................................................
'300
6 shares First National Bank, G a r d n e r ,...................................................l
^^
8 shares Leominster National Bank, L e o m i n s t e r ,.................................... J
’
25 shares First National Bank, G a r d n e r , ......................................................
500
5 shares Westminster National Bank, Gardner,.............................................
400
5 shares Westminster National Bank, Gardner,.............................................
290
5 shares First National Bank, G a r d n e r , ......................................................
400
2 shares First National Bank, G a r d n e r , ......................................................
175

00
00

00
00
00
00
00

D etailed Statem ent o f P u blic F u nd s.

Par Value.

City of Chicago, 111, 4s, .
of Chicago, 111,, 4£s,
of Chicago, 111., 7s, .
of Cleveland, Ohio, 4s,
of Haverhill, Mass., 4s, .
of New Britain, Conn., 4s,
of Scranton, Pa., 4£s,
Town of Gardner, Mass., 4s,
County of Aroostook, Me., 4£s,
United States 4s,

$10,000
4.000
1.000
10,000
10,000
11,000
16,000
32.000
10.000
1,100
$105,100

*

Estimated
Market Value.

$10,650
4,040
1,025
10,250
11,200
11,385
18,160
34,710
10,800
1,229

00
00
00
00
00
00
00
00
00
62

$113,449 62

Amount Invested.

$10,000
4.000
1.000
10,000
10,000
11,000
16,000
32.000
10.000
1,100

00
00
00
00
00
00
00
00
00*
00

$105,100 00

A legal investment when made.

Ko. of
Shares.

D etailed Statem ent o f B a n k Stocks.

20
18
3

34
125
10
15
50
5
25
15
20

Par Value.

First N ’1 Bank, Ashburnham, .
Miller’s River N ’1 B ’k, Athol, .
First National Bank, Barre, .
Blackstone N ’I Bank, Boston,.
Boston Nat’l Bank, Boston,
Central National Bank, Boston,
Continental N ’I Bank, Boston,
Eliot N ’1 Bank, Boston, .
Everett National Bank, Boston,
Howard Nat’l Bank, Boston, .
Mechanics1 N ’I Bank, Boston, .
Mendiants’ N ’I B’k, Boston, .


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

$2,000
1,800
300
3,400
12,500
1,000
1,500
5,000
250
2,500
1,500
2,000

Estimated
Market Value.

$1,760
3,150
300
2,652
12,406
1,190
1,800
6,500
200
2,431
1,815
3,100

00
00
00
00
25
00
00
00
00
25
00
00

Amount Invested.

$2,000
1,800
300
3,400
12,500
1,000
1,500
5,000
250
2,500
1,500
2,000

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

No. 8 .]

217

SA V IN G S B A N K COM M ISSION ERS

Gardner Savings Bank — Continued.

No. of
Shares.

D etailed Statem ent o f B an k S tock s— Concluded.

10
100
50
11
16
50
5
25
50
30
10
29
297
9
100
67
39
20
50

Par Value.

Metropolitan N ’l Bank, Boston,
National Bank of the Com­
monwealth, Boston,
N ’l B’k of the Republic, Boston,
National Eagle Bank, Boston,
Nat’l Exchange Bank, Boston,
N ’l Hide & Leather B’k, Boston,
New England N ’l B’k, Boston,
Shoe & Leather N ’l B’k, Boston,
State National Bank, Boston, .
Winthrop Nat’l Bank, Boston,
Conn. River National Bank,
Charlestown, N. LI.,
Rollstone N ’l B’k, Fitchburg, .
First National Bank, Gardner,
Leominster N ’l B’k, Leominster,
Orange N'at’l Bank, Orange, .
Crocker N ’l B’k, Turner’s Falls,
First N ’l Bank, Winehendon, .
Citizens’ N ’l Bank, Worcester,
Mechanics’ N ’l B’k, Worcester,

f 1,000

Estimated
Market Value.

$910 00

Amount Invested.

$1,000 00

10,000
5,000
1,100
1,600
5,000
500
2,500
5,000
3,000

14,500
7,162
968
2,088
5,337
760
2,550
5,587
4,080

00
50
00
00
50
00
00
50
00

10,000
5,000
1,100
1,600
5,000
500
2,500
5,000
3,000

00
00
00
00
00
00
00
00
00

1,000
2,900
29,700
900
10,000
6,700
3,900
2,000
5,000

1,000
4,205
32,670
1,035
15,500
8,174
5,460
2,700
4,250

00
00
00
00
00
00
00
00
00

1,000
2,900
29,700
900
10,000
6,700
3,900
2,000
5,000

00
00
00
00
00
00
00
00
00

$130,550

$156,242 00

$130,550 00

D etailed Statem ent o f B ailroad Bonds.

Par Value.

Boston & Lowell R.R. 4 s ,.
Boston & Maine R.R. 4s, .
Boston & Maine R.R. 4£s,
Fitchburg R.R. 4s,
Fitchburg R R. 4js, .
.
.
.
Maine Central R.R. 4s,
Maine Central R.R 7s,
Maine Shore Line R R. 6s,
New Haven & Northampton R.R. 7s,
New York & New England R.R. 4s,
Old Colony R.R. 4s, .
Old Colony R R. 4£s,
Penobscot Shore Line R.R. 4s, .
Portland & Rumford Falls R.R. 4s, .
Upper Coos R.R. 4s, .
Vermont & Massachusetts R.R. 5s, .


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

$5,000
10,000
30,000
18,000
3,000
5,000
5,000
25,000
1,000
10,000
10,000
5,000
15,000
10,000
15,000
1,000
$168,000

Estimated
Market Value,

$5,125
11,200
37,200
18,460
3,315
5,300
6,800
34,000
1,005
13,600
11,200
5,375
15,750
10,500
15,000
1,060

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

$194,890 00

Amount Invested.

$5,000
10,000
30,000
18,000
3,000
5,000
5,000
25,000
1,000
10,000
10,000
5,000
15,000
10,000
15,000
1,000

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

$168,000 00

218

R E P O R T O F TH E

[Pub. D oc.

Gardner Savings B an k — Concluded.
Total A m ou n t o f L oa n s, with E ach Specified Rate o f Interest

Rate.

Amount.

$51,201 58
30,000 00
152,800 00

2 per cent.
3
«
4
“

Rate.

Amount.

$6,000 00
129,171 11

4è

per cent.
“

Rate.

Amount.

$925,050 74
47,179 64

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 ,.................................................................................
Number of loans which are of an amount not exceeding $3,000 each, 855
Aggregate amount of the s a m e , ........................................................................
Total number of loans upon real e s t a t e , .............................................795
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1 8 9 8 , ...............................................................
Times for the dividends fixed by the by-laws : January 1 and July 1.
Rate and amount of each semi-annual dividend j 2 per cent., $29,148 38 1
during the year ending Oct. 31, 1898,
.
. 1 2 per cent.,
30,231 19 J
Number of accounts opened during the year ending Oct. 31, 1898,
. 565
Number of accounts closed during the year ending Oct. 31, 1898,
. 415
Total number of open accounts Oct. 31, 1898,
.
.
.
.
4,694
Total expenses of the corporation for the year ending Oct. 31, 1898 (ex­
clusive of taxes),
..........................................................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1898..............................................................................................
Number of s a m e ,................................................................................. 3,293
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1898............................................................................................................
Number of same.......................................................................................2,638
Date of examination by commissioner: April 21.


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

$5,707 81
4,900 00
701,717 23

80,401 82
„_q - ’ ‘
7

5,334 42
239,821 17

205,344 70

No. 8 .]

219

S A Y IN G S B A N K CO M M ISSION ERS.

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 s o n , President.
G eorge S. W

Present number of corporators, 58.
E d w a r d S . F i c k e t t , Treasurer.

e st o n ,

Clerk o f the Corporation.

Names of committee charged with the investment of its funds:
O l i v e r S. B u t l e r ,
S h er m a n N elson,
S a m u e l T. P o o r .

Open for business every business day except Saturdays, 9 a . m . to 12 m . ; 2 to 3
Saturdays, 9 a .m . to 12 m .

p .m .

;

B a l a n c e S h e e t O c t o b e r 31, 1898.

L ia b il it ie s .

A ssets.

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

*
$108,862
14,800
9.000
50,000
33,540
423,795
70,671

50
00
00
00
87
49
91

10,500
22,124
2.000
34
11,109

00
81
00
00
41

$756,438 99

Deposits, .
Guaranty fund,
Interest account,

$726,156 14
28,000 00
2,282 85

$756,438 99

Cash on Deposit in Banks, amount in each: —
Beacon Trust Company, B o s t o n ,........................................................................ $5,000 00
Georgetown National Bank, G e orge to w n ,......................................................
14,124 81
Second National Bank, H a v e r h i l l , ............................................................... 5>000 00


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

220

R E P O R T O F TH E

[Pub. Doc

Georgetown Savings Bank — Continued.
Loans on Bank Stock, amount on each: —
50 shares Haverhill Safe Deposit and Trust Company, Haverhill,
.
.
50 shares Essex National Bank, Haverhill..........................................................

$4,000 00
5,000 00*

* This loan is in excess of the legal limit.

D etailed Statem ent o f P u blic Fiends.

Par Value.

City of Altoona, Pa., 4s, .
of Bath, Me., 6s,
of Bay City, Mich., 8s,
of Boston, Mass., 4s,
of Chicopee, Mass., 4s,
of Cleveland, Ohio, 4s,
of Fort W ayne, Ind , 6s, .
of Grand Rapids, Mich., 4s,
of Kansas City, Mo., 4£s, .
of Marlborough, Mass., 4s,
of Medford, Mass., 4s,
of Milwaukee, W is., 5s, .
of Minneapolis, Minn., 4£s,
of Quincy, Mass., 4s,
of Springfield, Ohio, 5s, .
Town of Methuen, Mass., 4s, .

Estimated
Market Value.

$6,000
2,000
500
5,000
1,000
17,000
1,000
6,000
25,000
1,000
11,000
10,000
5,500
1,000
4,000
10,000
$106,000

$6,600
2,125
545
5,550
1,090
18,650
1,020
6,240
28,125
1,110
11,206
11,325
6,318
1,035
4,350
11,087

00
00
00
00
00
00
00
00
00
00
00
00
12
00
00
50

$116,376 62

Amount Invested.

$6,000
2,000
500
5,000
1,000
17,000
1,000
6,000
27,862
1,000
11,000
10,000
5,500
1,000
4,000
10,000

00
00*
00
00
00
00
00
00
50
00
00
00
00
00
00
00

$108,862 50

* A legal investment when made.

Ko. of
Shares.

D etailed Statem ent o f B a n k Stocks.

13
30
10
30
45
20

Par Value.

Columbian N ’l Bank, Boston, .
Manufacturers’ N ’l B’k, Boston,
Market Nat’l Bank, Boston,
State National Bank, Boston, .
Georgetown National Bank,
Georgetown,.
Ipswich Nat’l Bank, Ipswich, .


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

$1,300
3,000
1,000
3,000

Estimated
Market Value.

$1,261
3,000
770
3,351

00
00
00
00

Amount Invested.

$1,300
3,000
1,000
3,000

00
00
00
00

4,500
2,000

4,770 00
2,000 00

4,500 00
2,000 00

$14,800

$15,152 00

$14,800 00

No. 8 .]

221

S A Y IN G S B A N K COM M ISSION ERS.

Georgetown Savings Bank — Concluded.
D etailed Statem ent o f R ailroad Bonds.

Par Value.

Bennington & Rutland R.R. 4^s,
Concord & Montreal R.R. 4s, .
Fitchburg R.R. 4s, .
.
.
.
Maine Central R E, 7s,
N . Y . & N. E. R.R. (terminal) 4s,
Upper Coos R.R. 4 s ,.
Upper Coos R.R. 4£s,

.

Estimated
Market Value.

$10,000
4.000
15.000
10.000
5.000
3.000
3.000

$11,000
4,330
16,125
13,750
5,675
3.000
3.000

00
00
00
00
00
00
00

$50,000

$56,880 00

Amount Invested.

$10,000
4.000
15.000
10.000
5.000
3.000
3.000

00
00
00
00
00
00
00

$50,000 00

Total A m ou n t o f L oa n s, with E ach Specified Rate o f Interest.

Kate.

Amount.

3 per cent.
4h
“

$108,022 91
24,425 00

Amount.
$22,124 81
32,000 00

Rate.

Amount.

5 per cent.

$341,219 49
8,300 00

5J

“

Kate.
6 per cent.
7
“

$33,540 87
Value, by books, of real estate, held or owned by foreclosure or otherwise,
52,150 00
Assessed value of the s a m e ,.................................................................................
865 07
Net income received from same during year ending Oct. 31, 1898,
Number of loans which are of an amount not exceeding $3,000 each, 414
498,106 61
Aggregate amount of the s a m e , ........................................................................
Total number of loans upon real e s t a t e , ............................................. 395
11,500 00
Amount of investments from which no income is received..............................
Gross amount of interest or profits received or earned, as per books,
35,398 86
during year ending Oct. 31, 1 8 9 8 , ...............................................................
Times for the dividends fixed by the by-laws : third Wednesday in April
and October.
Rate and amount of each semi-annual dividend f 2 per cent., $13,706 58 )
27,706 58
during the year ending Oct. 31,1898,
.
. 1 2 per cent.,
14,000 00 J
Number of accounts opened during the year ending Oct. 31, 1898,
. 119
Number of accounts closed during the year ending Oct. 31, 1898,
. I ll
Total number of open accounts Oct. 31, 1898,
.
.
.
.
1,739
Total expenses of the corporation for the year ending Oct. 31, 1898 (ex­
1,919 25
clusive of taxes),
..........................................................................................
Amount of deposits, not including dividends, received during the year
63,519 86
ending Oct. 31, 1 8 9 8 ,..........................................................................................
Number of s a m e , ..........................................................................................724
Amount of withdrawals, including dividends, during the year ending
70,718 23
Oct. 31, 1 8 9 8 , ...................................................................................................’
Number of s a m e , ..........................................................................................966
Date of examination by commissioner: March 24.


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

222

[Pub. D oc.

R E P O R T O F TH E

G R A F TO N S A V IN G S B A N K — G R AF TO N .

Incorporated March 13, 1869.
H o r a c e S. W

Present number of corporators, 60.

President.
J o se p h A . D o d g e , Treasurer.
J o s e p h A . D o d g e , Clerk o f the Corporation.

arren,

Names of committee charged with the investment of its funds :
D a n ie l N . G ib b s ,
S olon F . S m i t h ,
H orace S. W a r r e n ,
G eo rg e W . F is h e r ,
C l a r e n c e It. P r a t t .

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

a .m .

to 12

m .;

1.30 to

B a l a n c e S h e e t O c t o b e r 31, 1898.

L ia b il it ie s .

A ssets.

Bank stock, as per schedule,
Loans on bank stock,
Railroad bonds, as per schedule,
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Deposits in banks, on interest, .
Deposits in banks, not on interest,
Cash on hand, .
.
.
.

$29,500
3,380
25,000
2,436
102,241
47,350
6,000
8,177
302

00
00
00
93
24
00
00
34
91

$224,388 42

Deposits, .
Guaranty fund,
Interest account,
Suspense account, .
Bank liquidation ac­
count, .

$213,748
4,600
4,512
517

14
00
19
31

1,010 78

$224,388 42

Cash on Deposit in Banks, amount in each : —
Grafton National Bank, Grafton, .
First National Bank, Worcester, .

$8,177 34
6,000 00

Loans on Bank Stock, amount on each: —
28^ shares Grafton National Bank, Grafton,
22^ shares Grafton National Bank, Grafton,


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

$2,280 00
1,100 00

No. 8 .]

223

SA Y IN G S B A N K CO M M ISSION ERS

G r a fto n S a v in g s B a n k — Continued.

No. of
Shares.

D etailed Statem ent o f B a n k Stocks.

10
5
15
5
38
5
28
30
3
20
8
10
10
20
57
10

Par Value.

Eliot National Bank, Boston, .
Fourth National Bank, Boston,
Howard National Bank, Boston,
Manufacturers’ N ’l B’k, Boston,
Market National Bank, Boston,
Massachusetts N ’l B’k, Boston,
N ’l B’k of No. America, Boston,
N ’l B’k of Redemption, Boston,
National City Bank, Boston, .
National Revere Bank, Boston,
Nat’l Webster Bank, Boston, .
North National Bank, Boston, .
Shawmut Nat’l B’k, Boston, .
State National Bank, Boston, .
Grafton National B’k, Grafton,
Spencer Nat’l B’k, Spencer, .

|1,000
500
1,500
500
3,800
500
2,800
3,000
-

2,000
800
1,000
1,000
2,000
5,700
1,000
$27,100

Estimated
Market Value.

$1,300
590
1,458
500
2,926
375
2,863
3,397
15
1,840
818
1,020
1,220
2,235
5,700
1,250

Amount Invested.

$1,230
500
1,700
500
3,800
500
3,200
4,150

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

2,000
800
1,200
1,220
2,000
5,700
1,000

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

$29,500 00

$27,508 25

D etailed Statem ent o f R ailroad Bonds.

Fitchburg R R. 4s, .
Portland & Rumford Falls R.R. 4s, .

Par Value.

Estimated
Market Value.

Amount Invested.

$10,000
15,000

$10,300 00
15,750 00

$10,000 00
15,000 00

$25,000

$26,050 00

$25,000 00

Total A m ount of L oa n s, w ith E ach Specified R ate o f In terest.

Kate.

Amount.

$6,000 00
6,500 00
5,000 00

2.J per cent.
4
»
4J
»


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

Amount.

$16,100 00
69,980 00

Kate.

4J per cent.
5

Amount.

$16,950 00
38,441 24

Kate.

5J per cent.
6
“

224

R E P O R T O F TH E

[Pub. D oc

Grafton Savings Bank — Concluded.
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,. 88
Aggregate amount of the s a m e , ........................................................................
Total number of loans upon real e s t a t e , ............................................. 89
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1898........................................................................
Times for the dividends fixed by the by-laws : January 1 and July 1.
Rate and amount of each semi-annual dividend j 2 per cent.,
$4,081 24 )
during the year ending Oct. 31, 1898,.
.
1 2 per cent.,
4,053 70 i
Number of accounts opened during the year ending Oct. 31, 1898,
. 48
Number of accounts closed during the year ending Oct. 31, 1898,
. 58
Total number of open accounts Oct. 31, 1 8 9 8 , .................................... 609
Total expenses of the corporation for the year ending Oct. 31, 1898 (ex­
clusive of taxes),
..........................................................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 8 9 8 ,..........................................................................................
Number of s a m e , .......................................................................................... 255
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1898............................................................................................................
Number of s a m e ,.................................... ' ................................................. 302
Date of examination by commissioner, April 21.


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

$2,436 93
2,400 00
86,321 24

9,613 71
g^
’

g^

709 15
14,715 88

25,478 34

No. 8 .]

S A Y IN G S B A N K COM M ISSION ERS

225

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

Incorporated March 21, 1884.

Present number of corporators, 54.

H e n r y H . T h u r s t o n , President.
N a t h a n ie l R ic h a r d s o n , Treasurer.
N a t h a n ie l R ic h a r d s o n , Clerk o f the Corporation.

Names of committee charged with the investment of its funds:
G eo rge G r if f in ,
Ja m e s A b b o t t ,
H e n r y H . T h u r sto n,
H ir a m J. P h il b r o o k ,
G eorge A . L o w e .

Open for business every business day, 9 a . m . to 12 m . ; Wednesdays and Saturdays,
2 to 3 p . m . ; Saturdays, 6 to 8 p . m .

B a l a n c e S h e e t O c t o b e r 31, 1898.

A ssets.

Public funds, as per schedule, .
Bank stock, as per schedule,
Railroad bonds, as per schedule,
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Deposits in banks, on interest, .
Deposits in banks, not on interest,
Safes and furniture, .
Cash on hand.................................

L ia b il it ie s .

$26,930
5,760
11,325
250
114,985
19,100
5,927
1,253
400
183

00
00
00
00
00
00
49
52
00
10

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

$186,114 11

$181,265 53
4,100 00
748 58

$186,114 11

Cash on Deposit in Banks, amount in each: —
Gloucester Safe Deposit and Trust Company, Gloucester, .
.
.
.
Rockport National Bank, Rockport,
...............................................................


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

$5,927 49
1,253 52

226

R E P O R T O F TH E

[Pub. D oc

G ra n ite S a v in g s B a n k — Continued.
D etailed Statem ent o f Public F u nd s.

Par Value.

City of Bay City. Mich., 4s,
of Bridgeport, Conn., 4s, .
of Everett, Mass., 4 s ,.
of Kansas City, Mo., 4£s, .
of Middletown, Conn., 3.65s,
of Milwaukee, VVis., 5s, .
of Pawtucket, R. I., 4s,
of Peoria, 111., 7s,
of Rockford, 111., 4^s,
of Saginaw, Mich., 4s,
of Sioux City, Iowa, 4^s, .
of Springfield, Ohio, 5s, .
of Waterbury, Conn., 4s, .
Town of Clinton, Mass., 4s,
of Orange, Mass., 4s,
of Rockport, Mass., 4s, .
County of Aroostook, M e., 4^s,
of Merrimack, N. 11., 4s,

Estimated
Market Value.

$1,000
1,000
1,000
2,000
1,000
1,000
2,000
1,000
3,500
2,000
1,000
1,000
1,000
1,000
2,000
2,000
2,000
1,000
$26,500

$1,042
1,072
1,115
2,250
1,015
1,120
2,145
1,012
3,730
2,050
1,080
1,075
1,072
1,012
2,190
2,160
2,105
1,002

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

$28,250 00

Amount Invested.

$1,050
1,000
1,090
2,100
1,000
1,000
2,000
1,000
3,500
2,030
1,000
1,060
1,000
1,000
2,000
2,100
2,000
1,000

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

$26,930 00

* Legal investments when made.

I

No. of
Shares,

j

D etailed Statem ent o f B a n k Stocks.

12
8
10
24

Cape Ann N ’l B’k, Gloucester,
Gloucester N ’l B’k, Gloucester,
Gloucester Safe Deposit and
Trust Co.. Gloucester,.
Rockport N ’l Bank, Rockport,

Par Value.

Estimated
Market Value.

$1,200
800

$1,656 00
1,040 00

$1,440 00
920 00

1,000
2,400

1,250 00
2,592 00

1,000 00
2,400 00

$5,400

$6,538 00

$5,760 00

Amount Invested.

D etailed Statem ent o f R ailroad Bonds.

Par Value.

Boston & Maine R.R. 4£s,
Fitchburg R.R. 4s, .
Fitchburg R.R. 5s, .


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

$3,000
2,000
3,000

Estimated
Market Value.

$3,720 00
2,050 00
3,045 00

Amount Invested.

$3,100 00
2,000 00
3,000 00

No. 8 .]

227

SA V IN G S B A N K CO M M ISSIO N ERS.

G ra n ite S a v in g s B a n k — Concluded.
Detailed Statement o f Railroad Bonds — Concluded.

Par Value.

Maine Central R.R. 6s,
Maine Central R.R. 7s,
Maine Central R.R. 4s,

Estimated
Market Value.

Amount Invested.

$1,500
1,000
500

$1,565 00
1,360 00
520 00

$1,500 00
1,225 00
500 00

$11,000

$12,260 00

$11,325 00

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

Amount.

$5,927 49
11,650 00

Kate.

3 per cent.
5
“

Amount.

$15,850 00

Kate.

Amount.

5^ per cent.

$106,585 00

Kate.

6

per cent.

$250 00
Value, by books, of real estate, held or owned by foreclosure or otherwise,
250 00
Assessed value of the s a m e ,.................................................................................
Number of loans which are of an amount not exceeding $3,000 each, 163
107,585 00
Aggregate amount of the s a m e , ........................................................................
Total number of loans upon real e s t a t e , ............................................. 157
250 00
Amount of investments from which no income is received, .
.
.
.
Gross amount of interest or profits received or earned, as per books,
9,415 06
during year ending Oct. 31, 1 8 9 8 , ...............................................................
Times for the dividends fixed by the by-laws: April 1 and October 1.
Rate and amount of each semi-annual dividend ( 2 per cent., $3,290 30 1
6,651 66
during the year ending Oct. 31, 1898,
.
.1 2 per cent.,
3,361 36 i
Number of accounts opened during the year ending Oct. 31, 1898, .
89
N u m b er of accounts closed duringthe year ending Oct. 31, 1898,
.
61
Total number of open accounts Oct. 31, 1 8 9 8 , .................................... 969
Total expenses of the corporation for the year ending Oct. 31, 1898 (ex­
clusive of taxes),
..........................................................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 8 9 8 ,..........................................................................................
Number of s a m e , ....................................................................................... 819
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 8 9 8 , ...................................................................................................
Number of same, .
669
Date of examination by commissioner: August 30.


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

844 70
32,575 74

29,399 81

228

R E P O R T O F TH E

[Pub. D oc

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.

Present number of corporators, 38.

G e o r g e C h u r c h , President.
C h a r l e s J. T a y l o r , Treasurer.
C l a 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:
A . C h a l k l e y C o l l in s ,
A l f r e d S. F a s s e t t ,

¥ m . C. H in m a n ,
C h a r l e s J. T a y l o r ,
W m . W . N orton.

Open for business every business day, 9

a .m .

to 12 m . ; 1 to 3 p . m .

B a l a n c e S h e e t O c t o b e r 31,1898.

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,
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, .
.
.
.

$30,000
46,531
2,903
94.000
40.000

00
92
36
00
00

13,568
2,781
393,594
64,675

90
20
25
00

9,500
33,666
1,858
5,773

00
29
37
45

Deposits, .
Guaranty fund,
Interest account,
Bank liquidation ac­
count, .

$738,852 74

$694,552 96
24,500 00
19,153 73
646 05

$738,852 74

Cash on Deposit in Banks, amount in each: —
National Bank of Redemption, Boston............................................................... $230 93
National Mahaiwe Bank, Great Barrington,......................................................
1,858 37
Pynchon National Bank, Springfield,...............................................................
10,000 00
Springfield Safe Deposit and Trust Company, Springfield, .
.
.
.
23,435 36
Loans on Bank Stock, amount on each : —
6 shares National Mahaiwe Bank, Great Barrington,

15 shares
5 shares
5 shares
10 shares

National Mahaiwe
National Mahaiwe
National Mahaiwe
National Mahaiwe


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

Bank,
Bank,
Bank,
Bank,

Great
Great
Great
Great

Barrington,
Barrington,
Barrington,
Barrington,

.
.
.
.
.

.
.
.
.
.

.
.
.
.
.

.
.
.
.
.

$500 00
600 00
403 36
400 00
1,000 00

N o. 8 .]

S A Y IN G S B A N K COM M ISSION ERS

229

Great Barrington Savings Bank — Continued.
Detailed Statement o f Public Funds.
Estimated
Market Value.

Amount Invested.

$10,000
20,000

$10,200 00
22,000 00

$10,000 00
20,000 00

$30,000

$32,200 00

$30,000 00

Par Value.

City of Bridgeport, Conn., 3¿s,
of Chicago, 111., 4s, .

Detailed Statement o f Bank Stocks.
'S i
O2

Estimated
Market Value.

fc œ
10
10
10
19
25
42
59
14
54
66
8
41
24
1
3

First National Bank, Adams, .
Atlantic Nat’ l Bank, Boston, .
Faneuil Hall N’l Bank, Boston,
Hamilton Nat’l Bank, Boston,.
Merchants’ N ’l Bank, Boston, .
N ’l B’k of No. America, Boston,
N ’l B’k of Redemption, Boston,
National Union Bank, Boston,
New England N ’l B’k, Boston,
Shoe & Leather N ’l B’k, Boston,
Suffolk National Bank, Boston,
National Mahaiwe Bank, Great
Barrington, .
.
.
.
Lee National Bank, L e e ,.
Pittsfield N’l B’k, Pittsfield, .
Housatonic Nat’l Bank, Stockbi’id g e ,........................................

$1,000
1,000
1,000
1,900
2,500
4,200
5,900
1,400
5,400
6,600
800

$1,250
1,120
1,257
2,166
3,875
4,294
6,681
1,865
8,208
6,732
848

00
00
50
00
00
50
75
50
00
00
00

$1,280
1,345
1,300
2,227
3,392
4,200
7,080
1,890
7,290
6,600
800

00
00
00
75
50
00
00
00
00
00
00

4,100
2,400
100

5,330 00
3,600 00
150 00

5,125 00
3,416 67
135 00

300

420 00

450 00

$38,600

$47,798 25

$46,531 92

Detailed Statement o f Railroad Bonds.
Estimated
Market Value.

Boston & Lowell R.R. 4 s ,.
Boston & Maine R R. 4s, .
New York, New Haven & Hartford
R.R. 4s,
;
Old Colony R.R. 4s, .


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

$30,000
29,000

$32,800 00
32,530 00

$30,000 00
29,000 00

10,000
25,000

11,000 00
27,700 00

10,000 00
25,000 00

$94,000

$104,030 00

$94,000 00

[Pub. D oc

R E P O R T O F TH E

230

Great Barrington Savings Bank — Concluded.
Total Amount o f Loans , with Each Specified Rate o f Interest.

Rate.

Amount.

$230 93
33,435 36

2

4

per cent.
“

Amount.

Rate.

$400,568 36

5 per cent.

Amount.

$70,104 25

Rate.

6 per cent.

$13,568 90
Amount invested in real estate for banking purposes,....................................
13,568 90
Estimated value of the s a m e , .................................... .........
7,500 00
Assessed value of the same, .
........................................................................
367 25
Net income received from same during year ending Oct. 31, 1898,
Yalue, by books, of other real estate, held or owned by forclosure or
2.781 20
o th erw ise,............................................................................................................
2,855 00
Assessed value of the s a m e ,.................................................................................
Number of loans which are of an amount not exceeding $3,000 each, 305
278,917 61
Aggregate amount of the s a m e , ........................................................................
Total number of loans upon real e s t a t e , ............................................. 261
2.781 00
Amount of investments from which no income is received, .
.
.
.
Gross amount of interest or profits received or earned, as per books,
30,696 44
during year ending Oct. 31, 1 8 9 8 , ...............................................................
Times for the dividends fixed by the by-laws : first Thursday in January
and July.
Rate and amount of each semi-annual dividend ( 2 per cent., $12,399 80 )
25,153 38
during the year ending Oct. 31, 1898,
.
( 2 per cent.,
12,753 58 )
Number of accounts opened during the year ending Oct. 31, 1898,
. 433
Number of accounts closed during the year ending Oct. 31, 1898,
. 305
Total number of open accounts Oct. 31, 1898,
.
.
.
.
2,679
Total expenses of the corporation for the year ending Oct. 31, 1898 (ex­
clusive of t a x e s ) , ..........................................................................................
2,407 15
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 8 9 8 ,..........................................................................................
141,974 46
Number of s a m e , .................................................................................2,309
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 8 9 8 , ...................................................................................................
133,454 57
Number of s a m e , ............................................................... .........
.
1,909
Date of examination by commissioner; September 28,


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

No. 8 .]

231

SA Y IN G S B A N K CO M M ISSIO N ERS.

G R E E N F IE L D SA V IN G S B A N K — G R E E N F IE L D .

Incorporated March 19, 1869.

Present number of corporators, 23.

R o b e r t A b e r c r o m b ie , President.
A l b e r t M. G l e a s o n , Treasurer.
W i l l i a m G . P a c k a r d , Clerk o f the Corporation.

Names of committee charged with the investment of its funds:
W il l i a m A . F o r b e s ,
C h a r l e s R. L o w e l l ,

S. B. S l a t e ,
A . M. G l e a s o n ,

L e v i J. G u n n .

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

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

31, 1898.

1
L ia b il it ie s .

A ssets.

Public funds, as per schedule, .
Bank stock, as per schedule,
Loans on bank stock,
Railroad bonds, as per schedule,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
( n o t e s ) ,....................................
Deposits in banks, on interest, .
Deposits in banks, not on interest,
Expense account,
Interest due,
.
.
.
.
Premium account,
Cash on hand, .
.
.
.

$15,000
133,900
8,050
520,000
1,527,965
191,744

00
00
00
00
37
20

11,335
86,524
2,585
2,217
3,806
6,647
1,024

90
50
00
29
87
27
77

$2,510,801 17

Deposits, .
Guaranty fund,
Profit and loss ac­
count, .
Bank liquidation ac­
count, .

$2,409,047 70
94,000 00
7,175 89
577 58

$2,510,801 17

Cash on Deposit in Banks, amount in each: —
Athol National Bank, Athol,
Miller’s River National Bank, Athol, .
National Bank of Commerce, Boston, .


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

$

10,000 00
3,870 68
2,585 00

232

[Pub. D oc

R E P O R T O F TH E

Greenfield Savings Bank — Continued
$5,995
1,288
23,071
19,154

People’s National Bank, Brattleboro’, V t..........................................
Conway National Bank, C o n w a y , .............................................
Franklin County National Bank, Greenfield,
.
.
.
.
Packard National Bank, G r e e n fie ld ,.............................................
City National Bank, Springfield...........................................................
Third National Bank, Springfield.......................................................
Ware National Bank, W a r e ,...............................................................

54
94
61
39

10,000 00

3,143 34
10,000 00

Loans on Bank Stock, amount on each : —
$500
2,360
1,200
2,550
800
640

6 shares First National Bank, Greenfield,

.
shares Ware National Bank, Ware, .
shares Franklin County National Bank, Greenfield,
shares Packard National Bank, Greenfield,
shares Agawam National Bank, Springfield, .
8 shares Conway National Bank, Conway,.

40
15
31
15

00
00
00
00
00

00

D etailed Statem ent o f P u blic F unds.

Par Value.

City of Milwaukee, W is., 7s,

.

$15,000

Estimated
Market Value.

Amount Invested.

$16,875 00

$15,000 00

No. of
Shares.

D etailed Statem ent o f B an k Stocks.

37
42
15
18
38
50
52
6
13
32
10
20
3
12
41
34
50
14

Par Value.

Athol National Bank, Athol, .
Eliot National Bank, Boston, .
Howard Nat’l Bank, Boston, .
Market National Bank, Boston,
Merchants’ Nat’ l Bank, Boston,
Metropolitan N’l B’k, Boston,.
N ’l B’k of Redemption, Boston,
National City Bank, Boston, .
N ’l Hide & Leather B’k, Boston,
National Revere Bank, Boston,
Second National Bank, Boston,
South End Nat’l Bank, Boston,
Washington N ’l Bank, Boston,
First National Bank, Chicopee,
Conway Nat’l Bank, Conway,.
First Nat’l Bank, Greenfield, .
City National Bank, Holyoke,
Hadley Falls National Bank,
Holyoke,
.
.
.
.


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

$3,700
4,200
1,500
1,800
3,800
5,000
5,200
-

1,300
3,200
1,000
2,000
300
1,200
4,100
3,400
5,000
1,400

Estimated
Market Value.

$3,885
5,460
1,458
1,386
5,890
4,550
5,889
30
1,387
2,944
1,740
1,305
338
1,680
4,100
5,440
5,250

00
00
75
00
00
00
00
00
75
00
00
00
25
00
00
00
00

2,100 00

Amount Invested.

$3,700
4,200
1,500
1,800
3,800
5,000
5,200

00
00
00
00
00
00
00
-

1,300
3,200
1,000
2,000
300
1,200
4,100
3,400
5,000

00
00
00
00
00
00
00
00
00

1,400 00

No. 8 .]

233

S A Y IN G S B A N K CO M M ISSION ERS

Greenfield. Savings B a n k — Continued.

No. of
Shares.

D etailed Statem ent o f B ank Stocks — Concluded.

138
60
60
12
15
55
67
75
18
45
70
36
110
10
50
37

Holyoke N ’l Bank, Holyoke, .
Adams N’l Bank, No. Adams,
Berkshire National Bank, No.
A d am s,........................................
First N ’l Bank, Northampton,
Hampshire Co. National Bank,
Northampton,
Orange Nat’ l Bank, Orange, .
Palmer Nat’l Bank, Palmer, .
Chapin Nat’l B’k, Springfield,
Chicopee N ’l B’k, Springfield,
City Nat’l Bank, Springfield, .
First Nat’l Bank, Springfield, .
Second Nat’l Bank, Springfield,
Third Nat’l Bank, Springfield,
Crocker N ’l B’k, Turner’s Falls,
First Nat’l Bank, Westfield, .
Winchester National Bank,
Winchester, N . H.,

Par Value.

Estimated
Market Value.

Amount Invested.

$13,800
6,000

$21,390 00
7,680 00

$13,800 00
6,000 00

6,000
1,200

6,600 00
1,620 00

6,000 00
1,200 00

300
8,525
9,715
9,375
2,790
6,525
7,840
4,680
24,200
1,220
6,500

1,500
5,500
6,700
7,500
1,800
4,500
7,000
3,600
11,000
1,000
5,000

00
00
00
00
00
00
00
00
00
00
00

1,500
5,500
6,700
7,500
1,800
4,500
7,000
3,600
11,000
1,000
5,000

00
00
00
00
00
00
00
00
00
00
00

3,700

3,885 00

3,700 00

$133,900

$177,678 75

$133,900 00

D etailed Statem ent o f B ailroad Bonds.

Par Value.

Boston & Lowell R.R. 4 s ,.
,
Concord & Montreal R.R. 4s, .
Dexter & Newport R.R. 4s,
Fitchburg R.R. 4s,
Fitchburg R.R. 4is, .
.
.
.
Grafton & Upton R.R. 4 s ,.
Newport & Richford R,R. 5s, .
Old Colony R.R. 4s, .
Upper Coos R.R. 4¿s,
Norwich & Worcester R.R. 4s,.
N . Y . & New Eng. Terminal 4s,
N ew York, New Haven & Hartford
R.R. 4 s , ..................................................
Penobscot Shore Line R.R. 4s, .
Portland & Rumford Falls R.R. 4s, .
Rumford Falls & Rangeley Lakes
R R. 5 s , ..................................................


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

*

$50,000
15,000
10,000
84,000
16,000
50,000
10,000
50,000
50,000
30,000
50,000

Estimated
Market Value.

$54,250
16,350
10,500
90,575
17,920
51,000
11,350
57,125
57,000
33,300
60,250

00
00
00
00
00
00
00
00
00
00
00

Amount Invested.

$50,000
15,000
10,000
84,000
16,000
50,000
10,000
50,000
50,000
30,000
50,000

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

25,000
15,000
25,000

28,250 00
15,712 50
26,250 00

25,000 00
15,000 00
25,000 00

40,000

46,800 00

40,000 00

$520,000

$574,632 50

$520,000 00

A legal investment when made.

234

REPORT OF THE

[Pub. Doc.

Greenfield Savings Bank — Concluded.
Total A m ou n t o f L oan s, with E a ch Specified R ate o f Interest.

Amount.
$50,528 96
5,995 54
34,885 90

Rate.

Amount.

Rate.

2 £ per cent.
3
4
“

$6,450 00'
1,605,298 57

4/i per cent.
5

“

Amount.
$525 00
121,936 00

Rate.
5J per cent.
6
“

Number of loans which are of an amount not exceeding $3,000 each, 710
Aggregate amount of the s a m e , ........................................................................$790,369 92
Total number of loans upon real e s t a t e , ............................................. 931
Amount of investments from which no income is received, .
.
.
.
300 00
Gross amount of interest or profits received or earned, as per books, during
year ending Oct. 31, 1 8 9 8 ,.................................................................................
115,568 84
Times for the dividends fixed by the by-laws: January 1 and July 1.
Rate and amount of each semi-annual dividends 2 per cent., $43,459 10 £ oo
-during the year ending Oct. 31, 1898,
.
. ( 2 per cent.,
45,075 45 >
’°
00
Number of accounts opened during the year ending Oct. 31, 1898,
. 989
Number of accounts closed during the year ending Oct. 31, 1898,
. 580
Total number of open accounts Oct. 31, 1 8 9 8 , .................................... 5,688
Total expenses of the corporation for the year ending Oct. 31, 1898 (ex­
clusive of taxes),
.......................................................................................... 7 ,1 1 1 0 2
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 8 9 8 ,..........................................................................................
424 496 01
Number of s a m e , ................................................................................. 4 700
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 8 9 8 , ...................................................................................................
342,329 71
4132
Number of s a m e , ............................................. .........
Date of examination by commissioner : September 23.


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

No. 8.]

SAYINGS BANK COMMISSIONERS

H A M P D E N S A V IN G S B A N K — S P R IN G F IE L D .

Incorporated April 13, 1852.

Present number of corporators, 46.

C. L. G a r d n e r , President.
P. S. B a i l e y , Treasurer.
P. S . B a i l e y , Clerk o f the Corporation.

Names of committee charged with the investment of its funds :
C . L. G a r d n e r ,
F . H . S t e b b in s .

E . D u d ley C h a p in ,
F . E . Ca r p e n t e r ,

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

.m .

to 4

p

.m .

; Saturdays,

B a l a n c e S h e e t O c t o b e r 31, 1898.

*

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, .
Loans on railroad stock, .
Boston Terminal Co. bonds,
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Loans on depositors’ books,
Deposits in banks, on interest, .
Deposits in banks, not on interest,
Expense account,
Premium account,
Cash on hand, .
.
.
.

$35,000 00
297,788 00
21,000 00
600,000 00

5,000
26,500
109,500
65,872
1,123,570
678,150
550
145,160
4,133
2,647
3,437
3,238

00
00
00
05
00
00
00
00

L ia b il it ie s .

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

$2,951,777 76
127.500 00
14,217 72
27,079 83
971 25

66

32
50
03

$3,121,546 56

$3,121,546 56

Cash on Deposit in Banks, amount in each : —
Hampshire County National Bank, N o r t h a m p t o n ,.................................... $10,160 00
Agawam National Bank, Springfield....................................................................
37,122
Chicopee National Bank, Springfield,...............................................................
35,000
John Hancock National Bank, Springfield,......................................................
20,000
Pynchon National Bank, Springfield,...............................................................
30,000
Eliot National Bank, B o s t o n , ........................................................................2,011 17
Hampden Loan and Trust Company, Northam pton,....................................
15,000


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

49
00
00
00
00

[Pub. Doc,

REPORT OF THE

236

Hampden Savings Bank — Continued.
Loans on Bank Stock, amount on each : —
20
30
10
10
24
24

shares Agawam National Bank, Springfield................................
shares Hampshire County National Bank, Northampton,
shares Chapin National Bank, Springfield,
.
.
.
.
shares First National Bank, Springfield,....................................
shares Agawam National Bank, Springfield, .
.
.
.
shares First National Bank, Springfield,....................................
6 shares Second National Bank, Springfield,
.
.
.
.
3 shares Agawam National Bank, Springfield, .
.
.
.
5 shares First National Bank, C h ic o p e e ,....................................
3 shares Chapin National Bank, Springfield,
.
.
.
.
3 shares Adams National Bank, North Adams, .
.
.
.
5 shares Springfield National Bank, Springfield,
4 shares Agawam National Bank, Springfield, .
.
.
.
5 shares Park National Bank, H o l y o k e , ....................................
25 shares Third National Bank, Springfield,....................................
10 shares City National Bank, Holyoke,
.
.
.
.
.
10 shares Chapin National Bank, Springfield,
.
.
.
.
10 shares Agawam National Bank, Springfield, .
.
.
.
50 shares Continental National Bank, Boston,
.
.
.
.

$1,500 00
3,000 00 *
1,000 00
1,000 00

j-

4,000 00
500 00
200 00

500
300
150
500
300
500

00
00
00
00
00
00

2,000 00

900
150
500
4,000

00
00
00
00

* This loan is in excess of the legal limit.

'o
oo

Loan on Railroad Bonds : —
00

oo

$5,000 Boston & Albany R .R. 4s, .

00

Loans on Railroad Stock, amount on each: —
10
102
10
10
2
52

shares Boston & Albany R .R .,
shares New York, New Haven & Hartford R.R .,
shares Boston & Albany R.R .,
shares New York, New Haven & Hartford R .R.,
shares Boston & Albany R.R .,
shares New York, New Haven & Hartford R .R .,
6 shares New York, New Haven & Hartford R .R ,
9 shares New York, New Haven & Hartford R .R .,

13,000 00
3,350 00
250 00
7,000 00

600 00
900 00

D etailed Statem ent o f P ublic F u n d s.

Par Value.

United States 4s,

.

.

.

$35,000

Estimated
Market Value.

$44,800 00

Amount Invested,

$35,000 00

D etailed Statem ent o f B a n k Stocks.

o

Par Value.

Estimated
Market Value.

$5,000
2,800
3,100

$6,500 00
5,460 00
3,100 00

55

50
28
31

Eliot National Bank, Boston, .
First National Bank, Boston, .
Freeman’s Nat’ l Bank, Boston,


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

Amount Invested.

$6,100 00
2,800 00
3,100 00

No. 8.]

SAVINGS BANK COMMISSIONERS

237

Hampden Savings Bank — Continued.

No. of
Shares.

D etailed Statem ent o f B a n k Stocks — Concluded.

230
75
50
50
50
75
50
26
63
50
24
60
33
40
200
20
18
66
40
85
25
433
250
50
50
50
65
74
75

Par Value.

Merchants’ N ’l Bank, B oston,.
N ’l B’k of Commerce, Boston,.
N ’l B’k of No. America, Boston,
N ’l B’k of Redemption, Boston,
N ’l B’k of the Republic, Boston,
N ’l Hide & Leather B’k, Boston,
National Revere Bank, Boston,
Nat’l Webster Bank, Boston, .
Shawmut Nat’l Bank, Boston,.
State National Bank, Boston, .
Suffolk National Bank, Boston,
First National Bank, Chicopee,
Franklin County Nat’l Bank,
Greenfield, .
.
.
.
Hadley Falls N ’l B’k, Holyoke,
Holyoke Nat’l Bank, Holyoke,
Mouson Nat’l Bank, Monson, .
First N ’l Bank, Northampton,.
Hampshire County National
Bank, Northampton,
First N ’l B’k, Norwich, Conn.,
Thames Nat’l Bank, Norwich,
Conn, .
.
.
.
.
Uncas N ’l B’k, Norwich, Conn.,
Agawam N’l Bank, Springfield,
Chapin N ’l Bank, Springfield,.
Chicopee N ’l Bank, Springfield,
First Nat’l Bank, Springfield, .
John Hancock National Bank,
Springfield, .
.
.
.
Pynchon N ’l B’k, Springfield,.
Third Nat’l Bank, Springfield,
Ware National Bank, Ware, .

Estimated
Market Value.

Amount Invested.

$23,000
7,500
5,000
5,000
5,000
7,500
5,000
2,600
6,300
5,000
2,400
6,000

$35,650
7,912
5,112
5,662
7,162
8,006
4,600
2,658
7,686
5,587
2,544
8,400

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

$27,210
10,865
5,700
6,700
6,300
7,500
5,000
2,600
7,600
5,900
2,400
7,920

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

3,300
4,000
20,000
2,000
1,800

3,366
6,000
31,000
3,000
2,430

00
00
00
00
00

3,300
4,732
23,056
2,200
1,800

00
00
00
00
00

6,600
4,000

1,320 00
4,800 00

7,225 00
4,000 00

8,500
2,500
43,300
25,000
5,000
5,000

13,600
2,750
23,815
31,250
7,750
5,600

00
00
00
00
00
00

12,285
2,500
47,700
27,500
8,600
6,525

00
00
00
00
00
00

5,000
6,500
7,400
7,500

5,500
9,100
16,280
7,875

00
00
00
00

6,075
10,985
11,560
10,050

00
00
00
00

$248,600

$291,478 25

$297,788 00

D etailed Statem ent o f R ailroad .Bonds.

Par Value.

Boston
Boston
Boston
Boston

&
&
&
&

Albany R.R. 4s,
Albany R R. 5s,
Lowell R.R. 4s,.
Providence R.R. 4s, .


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

$50,000
50,000
50,000
50,000

Estimated
Market Value.

$54,000
52,625
53,625
54,500

00
00
00
00

Amount Invested.

$50,000
50,000
50,000
50,000

00
00
00
00

REPORT OF THE

238

[Pub. Doc

Hampden Savings Bank — Concluded.
D etailed Statem ent o f B ailroad B o n d s— Concluded.

Par Value.

Connecticut River R.R. 4s,
Fitchburg R.R. 4s, .
Holyoke & Westfield R.R. 4s, .
N . Y . & N. E. R.R. (terminal) 4s,
Old Colony R R. 4s, .

4200,000
60,000
60,000
60,000
60,000

.

$600,000

Estimated
Market Value.
$228,000
63,760
52,000
56,750
55,500

00
00
00
00
00

$660,750 00

Amount Invested.

$200,000
50.000
50.000
50.000
50.000

00
00
00
00
00

$600,000 00

Total A m ou n t o f L o a n s, with E a ch Specified B ate o f Interest.

Amount.
$15,000 00
230,160 00

Kate.

Amount.

3£ per cent.
4
“

$ 102,000 00
160,000 00

Rate.

Amount.

4i per cent.

$1,472,770 00

4h

“

20,000 00

Rate.
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 year ending Oct. 31,1898,
Number of loans which are of an amount not exceeding $3,000 each, 320
Aggregate amount of the s a m e , ........................................................................
Total number of loans upon real e s t a t e , ............................................. 366
Amount of investments from which no income is received, .
.
.
.
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1 8 9 8 , ...............................................................
Times for the dividends fixed by the by-laws : February 15 and August 15.
Rate and amount of each semi-annual dividend f 2 per cent., $56,396 94 1
during the year ending Oct. 31, 1898,
.
. 1 2 per cent.,
57,280 87 i
Number of accounts opened during the year ending Oct. 31, 1898,
. 929
Number of accounts closed during the year ending Oct. 31, 1898,
. 952
Total number of open accounts Oct. 31, 1898,
.
.
.
.
5,684
Total expenses of the corporation for the year ending Oct. 31, 1898 (ex­
clusive of taxes),..........................................................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1898..............................................................................................
Number of s a m e ,................................................................................. 4,165
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1898............................................................................................................
Number of same...................................................................................... 4,401
Date of examination by commissioner: July 14.


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

$65,872 05
33,400 00
542 06
441,270 00
50,700 00
137,839 00
113,677 81

8,946 45
467,464 44

528,674 01

No. 8.]

SAVINGS BANK COMMISSIONERS.

239

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

Present number of corporators, 45.

R a y m o n d N o y e s , Treasurer.
R a y m o n d N o y e s , Clerk o f the Corporation.

ood ,

President.

Names of committee charged with the investment of its funds:
R. S t u a r t C h a s e ,

E l b r i d g e G. W
D udley P orter.

o od ,

Open for business every business day except Saturdays, 9 a . m . to 12.30 p . m . ; 2 to 3.30
p .m . ; Saturdays, 9 a .m . to 12.30 p .m . ; for deposits only, 5 to 6.30 p . m .

B a l a n c e S h e e t O c t o b e r 31, 1898.

L ia b il it ie s .

A ssets.

Public funds, as per schedule, .
Bank stock, as per schedule,
Loans on bank stock,
Railroad bonds, as per schedule,
Loans on railroad bonds, .
Loans on railroad stock, .
Real estate (for banking purp o s e s ) , ....................................
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
(notes).........................................
Deposits in banks, on interest, .
Expense account,
Real estate expense, .
Mortgagors’ insurance and taxes
p a i d , ....................................
Cash on hand, .
.
.
.

$695,900
452,350
59,625
897,000
6,800
8,850
60,000
2,687
1,352,850
1,776,420
19,000
350,265
52
20

90
00
00
00
00

00
00

Deposits, .
Guaranty fund,
Interest account,
Profit and loss account, .
Premium account, .
Bank liquidation account, .

$5,372,293 36
266,000 00
4,847 77
36,829 13
11,167 98
10,588 18

84
00
00
00
88

75
50

1,210 90
18,692 65
$5,701,726 42

$5,701,726 42

Cash on Deposit in Banks, amount in each: —
National Bank of Redemption, B o s t o n , ...................................................... $120,307 88
First National Bank, Haverhill.............................................................................
25,528 26
Haverhill National Bank, H a v e r h ill,...............................................................
75,235 47
Haverhill Safe Deposit and Trust Company, Haverhill,
.
.
.
.
21,181 51
Merchants’ National Bank, Haverhill,............................................................... 31,012 76
Merrimack National Bank, Haverhill,...............................................................
62,000 00
Second National Bank, H a v e r h i l l , ...............................................................
15,000 00


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

REPORT OF THE

240

[Pub. Doc

Haverhill Savings Bank — Continued.
Loans on Bank Stock, amount on each : —
25 shares Amesbury National Bank, Amesbury,
50 shares Faneuil Hall National Bank, Boston,
100 shares Broadway National Bank, Boston, .
162 shares Cocheco National Bank, Dover, N. H.,
100 shares Essex National Bank, Haverhill,
.
27 shares First National Bank, Haverhill,
.
40 shares Merchants’ National Bank, Haverhill,
50 shares Second National Bank, Haverhill,
.
27 shares Second National Bank, Haverhill,
.
20 shares Second National Bank, Haverhill,
.
6 shares Lawrence National Bank, Lawrence,
12 shares Haverhill National Bank, Haverhill,
10 shares Merrimack National Bank, Haverhill,
7 shares Boston National Bank, Boston,
.
2 shares Tremont National Bank, Boston,
.
25 shares Somerville National Bank, Somerville,
4 shares National Bank of the Republic, Boston,
5 shares Second National Bank, Haverhill,
.

.

$ 2,000 00
5,000 00

.
.

.

.

.

10,000 00

.

.

.

10,000 00 *

10,000 00

.
,
.
.

.

.

.

.

.
.

2,700
4,000
5,000
2,700

.
.

00
00
00
00

2,000 00

400 00

.
.

.
.

.
.

.

.

2,825 00

.
.

3,000 00

* This loan is in excess of the legal limit.
Loan on Railroad Bonds: — /
$7,000 Boston & Maine R .R. 4 s , ........................................................................$6,800 00
Loans on Railroad Stock, amount on each: —
16

shares Boston & Albany R .R .,.......................................................................... $2,400 00
6,000 00
shares Boston & Maine R . R . , ...................................................................
450 00

66 shares Boston & Maine R . R . , ........................................................................

4

D etailed Statem ent o f Public F u nd s.

Par Value.

City of Bay City, Mich., 4s,
of Boston, Mass., 4 s ,.
of Chicago, 111, 4s,
of Cleveland, Ohio, 5s,
of Danbury, Conn., 4s,
of Dayton, Ohio, 4s,
of Des Moines, Iowa, 4s,
of Detroit, Mich., 4s, .
of Fall River, Mass., 5s,
of Fall River, Mass., 6s,
of Haverhill, Mass., 4s,
of Indianapolis, Ind., 4s,
of Lynn, Mass., 5s,
of Manchester, N. H ., 4s,
of Medford, Mass., 4s,


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

*

.

$20,000
125,000
100,000
25,000
25,000
25,000
25,000
54,000
20,000
2,000
10,000
57,000
5,000
45,000
10,000

00
00
00
00
00
00
00
90
00
00
00
00
00
00
00

Estimated
Market Value.

$21,075
134,375
110,000
28,000
26,875
25,625
26,250
60,000
22,900
2,190
10,300
61,702
5,450
49,050
11,025

A legal investment when made.

00
00
00
00
00
00
00
90
00
00
00
50
00
00
00

Amount Invested.

$20,000
125.000
100,000
25,000
25,000
25,000
25,000
54,000
20,000
2,000
10,000
57,000
5,000
45,000
10,000

00
00
00
00
00
00*
00
90
00
00
00
00
00
00
00

No. 8.]

SAVINGS BANK COMMISSIONERS

241

Haverhill Savings Bank — Continued.
Detailed Statem ent o f Public Funds — Concluded.

Par Value.

Citv of New Bedford, Mass., 4 s ,.
of New Britain, Conn., 4s, .
of Newton, Mass., 4s, .
of Pawtucket, R. 1., 4s,
Town of Bradford, Mass., 4s,
of Bradford, Mass., 4is, .
of Wakefield, Mass., 4s, .

$25,000
10,000
45,000
25,000
30,400
•6,500
6,000

00
00
00
00
00
00
00

$695,900 90

Estimated
Market Value.
$25,000
10,425
49,050
26,000
31,552
6,825
6,045

00
00
00
00
00
00
00

$749,715 40

Amount Invested.

$25,000
10,000
45,000
25,000
30,400
6,500
6,000

00
00
00
00*
00
00
00

$695,900 90

* A legal investment when made.

No. of
Shares.

D etailed Statem ent o f B a n k Stocks.

16
200
136
267
50
50
50
100
50
187
100
75
150
100
50
267
254
225
150
100
150
200
33
150
150
75
100
100
200

Par Value.

Andover Nat’l B’k, Andover, .
Atlas National Bank, Boston, .
Blackstone N ’l Bank, Boston, .
Boston National Bank, Boston,
Central National Bank, Boston,
Columbian Nat’l Bank, Boston,
Eliot National Bank, Boston, .
Faneuil Hall N’l Bank, Boston,
First National Bank, Boston, .
Fourth National Bank, Boston,
Globe National Bank, Boston,.
Hamilton Nat’l Bank, Boston,.
Howard National Bank, Boston,
Manufacturers’ N ’l B’k, Boston,
Merchants’ N ’l Bank, Boston, .
N ’l B’k of No America, Boston,
N ’l B’k of Redemption, Boston,
N ’l B'k of the Republic, Boston,
National City Bank, Boston, .
National Eagle Bank, Boston,
Nat’l Exchange Bank, Boston,
N ’l Hide & Leather B’k, Boston,
Nat’l Webster Bank, Boston, .
North National Bank, Boston,.
Shawmut N ’l Bank. Boston, .
Shoe & Leather N’l B’k, Boston,
State National Bank, Boston, .
Suffolk National Bank, Boston,
Third National Bank, Boston,


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

$1,600
20,000
13,600
26,700
5,000
5,000
5,000
10,000
5,000
18,700
10,000
7,500
15,000
10,000
5,000
26,700
25,400
22,500
10,000
15,000
20,000
3,300
15,000
15,000
7,500
10,000
10,000
20,000

Estimated
Market Value.
$1,760
21,800
10,608
26,499
5,950
4,850
6,500
12,575
9,750
22,066
10,000
8,550
14,587
10,000
7,750
27,300
28,765
32,231
750
8,800
19,575
21,350
3,374
15,300
18,300
7,650
11,175
10,600
17,850

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

Amount Invested.

$1,600
20,000
13,600
26,700
5,000
5,000
5,000
10,000
5,000
18,700
10,000
7,500
15,000
10,000
5,000
26,700
25,400
22,500

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

10,000
15,000
20,000
3,300
15,000
15,000
7,500
10,000
10,000
20,000

00
00
00
00
00
00
00
00
00
00

KEPOET OF THE

242

[Pub. Doc

Haverhill Savings Bank — Continued.

No. of
Shares.

D etailed Statem ent o f B a n k Stocks — Concluded.

30
96

375
300
50
100

Par Value.

First National Bank, Chelsea,.
First National Bank, Haverhill,
Haverhill N ’l Bank, Haverhill,
Merrimack N ’l B’k, H averhill,.
Bay State N ’l Bank, Lawrence,
First National Bank, M ald en ,.

$3,000
9,600
37,500
30,000
3,750
10,000
$452,350

Estimated
Market Value.
$3,000
14,496
56,250
46,500
5,900
15,850

Amount Invested.

00
00
00
00
00
00

$538,264 00

$3,000
9,600
37,500
30,000
3,750
10,000

00
00
00
00
00
00

$452,350 00

D etailed Statem ent o f R ailroad Bonds.

Par Value.

Boston & Lowell R.R. 4 s ,.
Boston & Maine R.R. 4^s,
Boston & Providence R.R. 4s, .
Concord & Montreal R.R. 4s, .
Dexter & Piscataquis R.R. 4s, .
Fitchburg R.R. 4s, .
Maine Central R.R. 4s,
Maine Central R.R. 4ès, .
N . Y . & N. E. R R . (terminal) 4s, .
New York, New Haven & Hartford
R.R. 4 s , ..................................................
Old Colony R.R. 4s, .
Worcester, Nashua & Roch. R.R. 4s,

Estimated
Market Value.
00
00
00
00
00
00
00
00
00

Amount Invested.

$64,000
133,000
150,000
75,000
15,000
125,000
80,000
50,000
25,000

$67,185
164,255
162,750
80,625
15,900
130,000
83,000
54,250
28,250

50,000
100,000
30,000

56,375 00
110,500 00
31,275 00

50,000 00
100,000 00
30,000 00

$897,000

$984,365 00

$897,000 00

$64,000
133,000
150,000
75,000
15,000
125,000
80,000
50,000
25,000

00
00
00
00
00
00
00
00
00

Total A m ou n t o f L oa n s, with E ach S pecified R ate o f In terest.

Amount.

$120,307
1229,958
75,000
118,000
153,000

Kate.

88

2 ^ per cent.

00
00

3
3è
3|
3i

00

00


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

“
“

“

Amount.
$709,750
50,000
41,900
291,870

Kate.
00
00
00
00

4 per cent.
44
“
4|
“
4i
“

Amount.
$2,500
1,532,150
75,100
174,275

Rate.

00
00
00
00

4| per cent.
5
“
H
“
6

No. 8 .]

SA Y IN G S B A N K COM M ISSION ERS.

243

Haverhill Savings 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, 1898,
Value, by books, of other real estate, held or owned by foreclosure or
o th erw ise,............................................................................................................
Assessed value of the s a m e ,.................................................................................
Net income received from same during year ending Oct. 31, 1898,
Number of loans which are of an amount not exceeding $3,000 each, 532
Aggregate amount of the s a m e , ...............................................................
Total number of loans upon real estate.......................................................608
Amount of investments from which no income is received,
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1 8 9 8 , ...............................................................
Times for the dividends fixed by the by-laws: third Wednesday in April
and October.
Rate and amount of each semi-annual dividend f 2 per cent., $101,277 91 1
during the year ending Oct. 31, 1898,
.
. i 2 per cent., 102,396 67 J
Number of accounts opened during the year ending Oct. 31, 1898,
1,569
Number of accounts closed during the year ending Oct. 31, 1898,
1,488
Total number of open accounts Oct. 31, 1898....................................
14,724
Total expenses of the corporation for the year ending Oct. 31, 1898 (ex­
clusive of taxes),
.........................................................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 8 9 8 ,..........................................................................................
Number of same..............................................................................................11,020
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 8 9 8 , ...................................................................................................
Number of s a m e , ........................................................................................ 11,302
Date of examination by commissioner: November 18.


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

$60,000
60,000
40,250
1,021

00
00

00
05

2,687 84
2,200 00

45 06
715,525 00
10,000 00
242,481 21

203,674 58

8,778 34
656,868 00

745,057 06

244

R E P O R T O F TH E

[Pub. D oc.

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 ,

Present number of corporators, 46.

President.

W i l b u r M. P u r r in g t o n , Treasurer.
H e n r y C. S m i t h , Clerk o f the Corporation.

Names of committee charged with the investment of its funds :
B y r o n L o o m is ,
F r a n c is S. W a r n e r ,
W il s o n D e w e y ,

H e n r y S. G r a v e s ,
G eorge M a r k s ,
W . M . P u r r in g t o n .

Open for business every business day, 10

a

.m .

to 12

m

.

; 2 to 4

p

.m .

B a l a n c e S h e e t O c t o b e r 31, 1898.

A ssets.

Bank stock, as per schedule.
Railroad bonds, as per schedule,
Real estate by foreclosure,.
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
( n o t e s ) ,....................................
Loans on depositors’ books,
Deposits in banks, on interest, .
Expense account,
Taxes and insurance paid,
.
.
.
Cash on hand, .

L ia b il it ie s .

$63,100 00
10,000 00

3,029 80
224,472 50
43,064 16
34
00
36
80
84
52 1
.
$362,141 32 j

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

$344,314 15
16,000 00
1,657 38
169 79

6,753
350
9,415
588
114
1,252

$362,141

32

Cash on Deposit in Banks, amount in each: —
Conway National Bank, Conway, .
.
.
.
Hampshire County National Bank, Northampton,
Northampton National Bank, Northampton,


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

$2,600 00
1,772 04
5,043 32

No. 8 .]

245

S A Y IN G S B A N K COM M ISSION ERS

Haydenville Savings Bank — Continued.

No. of
Shares.

D etailed Statem ent o f B a n k Stocks.

50
46
50
43
50
60
25
42
50
9
22
10
10
48

Par Value.

First National Bank, Amherst,
Conway Nat’l Bank, Conway, .
Danbury N ’l B’k, Danbury, Ct.,
First N ’i Bank, Easthampton,.
City National Bank, H olyoke,.
Home National Bank, Holyoke,
Park National Bank, Holyoke,
First N'l Bank, Northampton,.
Hampshire County Nat’l Bank,
Northampton,
Northampton National Bank,
Northampton,
Southington National Bank,
Southington, Conn.,
Chicopee N ’l B ’k, Springfield,
First Nat’l Bank, Springfield,.
John Hancock National Bank,
Springfield, .
.
.
.

$5,000
4,600
5,000
4,300
5,000
6,000
2,500
4,200

Estimated
Market Value.

$7,500
4,600
5,000
4,300
5,250
6,600
3,750
5,670

Amount Invested.

$7,520
5,380
6,600
5,290
5,625
6,065
3,750
6,300

00
00
00
00
00
00
00
00

00
00
00
00
00
00
00
00

5,000

1,000 00

3,000 00

900

1,800 00

2,100 00

2,200
1,000
1,000

2,310 00
1,550 00
1,120 00

2,320 00
1,700 00
1,450 00

4,800

5,280 00

6,000 00

$51,500

$55,730 00

$63,100 00

D etailed Statem ent o f R ailroad Bonds.

Par Value.

Fitchburg R.R. 4s,
Maine Central R.R. 4s,

Estimated
Market Value.

Amount Invested.

$6,000
4,000

$6,397 50
4,320 00

$6,000 00
4,000 00

$10,000

$10,717 50

$10,000 00

Total A m ount o f L o a n s, w ith E ach Specified R ate o f Interest.

Amount.

$9,415 36
2,500 00

Rate.

3 per cent.
4
“


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

Amount.

$66,004 34
60,183 00

Rate.

Amount.

5 per cent.
5h
“

$145,902 66
50 00

Rate.

6 per cent.

7

“

246

R E PO R T O F TH E

[Pub. Doc

Haydenville Savings Bank — Concluded.
Value, by books, of real estate, held or owned by foreclosure or otherwise,
$3,029 80
Assessed value of the s a m e ,...................................................... ........
3,100 00
Number of loans which are of an amount not exceeding $3,000 each, 414
Aggregate amount of the s a m e , ........................................................................
239,940 00
Total number of loans upon real e s t a t e , ............................................. 256
Amount of investments from which no income is received, .
.
.
.
2,260 36
Gross amount of interest or profits received or earned, as per books, during
year ending Oct. 31, 1 8 9 8 ,.................................................................................
18,707 05
Times for the dividends fixed by the by-laws: second Tuesday in January
and July.
Rate and amount of each semi-annual dividend/ 2 percent., $6,726 51 1
13,474 43
during the year ending Oct. 31, 1898,
.
• t 2 per cent.,
6,747 92 J
Number of accounts opened duringthe year ending Oct.31, 1898,
. I ll
Number of accounts closedduring the year ending Oct. 31, 1898,
. 132
Total number of open accounts Oct. 31, 1898,
.
.
.
.
1,102
Total expenses of the corporation for the year ending Oct. 31, 1898 (ex­
clusive of taxes).....................................................................................................
2,327,50
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 8 9 8 ,..........................................................................................
52,601 33
Number of s a m e ,......................................................................................852
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 8 9 8 , ...................................................................................................
68,377 76
Number of s a m e , ...................................................................................... 963
Date of examination by commissioner: May 19.


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

No. 8 .]

247

S A Y IN G S B A N K COM M ISSION ERS.

H IN GH A M IN S T IT U T IO N FOR S A V IN G S — H IN G H A M .
Incorporated April 2, 1834.

Present number of corporators, 54.

E nos L o r in g , President.
H e n r y C. H a r d i n g , Treasurer.
H e n r y C. H a r d i n g , Clerk o f the Corporation.

Names of committee charged with the investment of its funds:
E nos L o r in g ,
E d m u n d H e r s e y , 2d,

F r a n c is H . L in c o l n ,
W m . F e a r i n g , 2d.

Open for business every business day, 8

Balance

Sh eet

a .m .

O ctober

to 12 m . ; 1.30 to 4

p

.m .

31, 1898.

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,
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,
Lawrence Duck Co. stock,*
Boston & Provincetown Steam­
ship Co. stock,*
Cash on hand, .
.
.
.

$65,700
126,410
1,700
125,250
21,500

00
00
00

00
00

2,000 00

Deposits, .
Guaranty fund,
Profit and loss ac­
count, .
Susptense account, .
Bank liquidation ac­
count, .

$2,356,207 52
111,000 00

65,464 77
40 50
3,144 00

37,975 00
1,395,115 73
658,793 07
51.000 00
1,000 00

20,531
6.152
3,275
17.000

72
13
17
00

300 00
2.153 97
$2,535,856 79

$2,535,856 79

* Taken to secure indebtedness.

Cash on Deposit in Banks, amount in each : —
National Webster Bank, B o s to n ,........................................................................ $3,152 13
Shoe and Leather National Bank, B o s t o n ,......................................................
11,893 96
Hingham National Bank, H in g h a m ,...............................................................
11,637 76
Loan on Bank Stock: —
25 shares Fourth National Bank, Boston.............................................................$1,700 00


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

[Pub. D oc

R E P O R T O F TH E

248

Hingham Institution for Savings — Continued.
D etailed Statem ent o f Public F u nd s.
Estimated
Market Value.

Amount Invested.

$50,000
15,000

$50,000 00
16,950 00

$50,000 00
15,700 00

$65,000

$66,950 00

$65,700 00

Par Value.

City of Boston, Mass., 4 s,.
of Kansas City, Mo., 4£s, .

No. of
Shares.

D etailed Statem ent o f B a n k Stocks.

7
38
75
50
46
42
36
20
75
82
80
75
54
100
75
50
40
20
100
26
24
50
20
30
89
16
14

Par Value.

Abington Nat’l B’k, Abington,
Atlantic Nat’l Bank, Boston, .
Atlas National Bank, Boston, .
First National Bank, Boston, .
Globe National Bank, Boston,.
Hamilton Nat’l Bank, Boston,.
Market National Bank, Boston,
Massachusetts N’l B ’k, Boston,
Merchants’ Nat’l Bank, Boston,
N ’l Bank of Commerce, Boston,
N ’l B’k of No. America, Boston,
N ’l B’k of the Republic, Boston,
National City Bank, Boston, ,
National Eagle Bank, Boston,.
National Revere Bank, Boston,
National Union Bank, Boston,
Nat’l Webster Bank, Boston, .
New England N ’l B’k, Boston,
Shoe & Leather N ’l B ’k, Boston,
State National Bank, Boston, .
Suffolk National Bank, Boston,
Tremont Nat’l Bank, Boston, .
Brockton Nat’l B’k, Brockton,.
First National Bank, Chelsea,
Hingham N ’l Bank, Hingham,
Old Colony N ’l B’k, Plymouth,
Union Nat’l B’k, Weymouth, .


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

$700
3,800
7,500
5,000
4,600
4,200
3,600
2,000
7,500
8,200
8,000
7,500

_

10,000
7,500
5,000
4,000
2,000
10,000
2,600
2,400
5,000
2,000
3,000
8,900
1,600
1,400
$128,000

Estimated
Market Value.

$735
4,256
8,175
9,750
4,600
4,788
2,772
1,500
11,625
8,651
8,180
10,743
270
8,800
6,900
6,662
4,090
3,040
10,200
2,905
2,544
3,550
2,400
3,000
8,900
2,000
1,372

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

$142,409 75

Amount Invested.

$700
3,800
7,500
5,000
4,600
4,788
2,772
2,000
7,500
8,200
8,180
7,500
270
8,800
6,900
5,000
4,000
2,000
10,000
2,600
2,400
5,000
2,000
3,000
8,900
1,600
1,400

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

$126,410 00

No. 8 .]

249

SA Y IN G S B A N K CO M M ISSION ERS.

Hingham Institution for Savings — Concluded.
D etailed Statem ent o f R ailroad Bonds.

Par Value.

Boston & Lowell R.R. 4s,
Eastern R.R. 6s,
.
.
.
Fitchburg R.R. 4s,
Fitchburg R.R. 5s, .
.
.
.
Maine Central R R. 4s,
Rumford Falls & Rangeley Lakes
R.R 5 s , ..................................................
Upper Coos R.R. 4^s,

$10,000
6,000
25,000
30,000
10,000

Estimated
Market Value.

$10,700
7,080
27,000
31,800
10,500

00
00
00
00
00

Amount Invested.

$10,000
6,000
25,000
30,000
10,000

00
00
00
00
00

25,000
15,000

29,750 00
16,500 00

29,250 00
15,000 00

$121,000

$133,330 00

$125,250 00

Total A m ou nt o f Loans, with E ach Specified Rate o f In terest.

Amount.

$819 07
20,531 72
60,000 00
20,000 00

Kate.

per cent.
“
3|
“
3J
»
0
2

Amount.

$506,700
73,800
338,650
925,948

Kate.

00
00
00
00

4 per cent.
44
“
H
“
5
“

Kate.

Amount.

$74,624 00
20,000 00

79,262 73
7,805 00

5J per cent.
“
6
“
7

5|

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, 348
Aggregate amount of the s a m e , ........................................................................
Total number of loans upon real e s t a t e , ............................................. 495
Amount of investments from which no income is received, .
.
.
.
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1 8 9 8 , ...............................................................
Times for the dividends fixed by the by-laws: first Tuesday in January
and July.
Rate and amount of each semi-annual dividend f 2 per cent., $44,669 16 1
during the year ending Oct. 31, 1898,
.
.1 2 per cent., 45,227 42 1
Number of accounts opened during the year ending Oct. 31, 1898,
. 399
Number of accounts closed during the yearending Oct. 31, 1898,
. 383
Total number of open accounts Oct. 31, 1898,
.
.
.
.
4,711
Total expenses of the corporation for the year ending Oct. 31, 1898 (ex­
clusive of taxes).....................................................................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 8 9 8 ,..........................................................................................
Number of same................................................................................................1,916
Amount of withdrawals, including dividends, during the year ending
Oct. 3 1 , 1 8 9 8 , ...................................................................................................
Number of same, .
2,731
Date of examination by commissioner: August 2.


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

$

2,000 00

3,000 00
2,500 00
37,975 00
45,920 00
423,510 00
38,000 00
112,535 03

89,896 58

4,657 09
235,002 65

251,828 26

250

R E P O R T O F TH E

[Pub. D oc

H O LL IST O N S A V IN G S B A N K — H O LL IST O N .
Incorporated Feb. 27, 1872.

Present number of corporators, 53.

C h a r l e s F. T h a y e r , President.
O r r in T h o m so n , Treasurer.
O r r in T h o m son , Clerk o f the Corporation.

Names of committee charged with the investment of its funds:
G eorge A . B a r tlett,
Jam e s H . L e l a n d ,
U r ie l C u t l e r ,
C h a r l e s F. T h a y e r ,
J o se p h H . D e w i n g .

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

m .;

1.30 to

B a l a n c e S h e e t O c t o b e r 31, 1898.

A ssets.

L ia b il it ie s .

Public funds, as per schedule, .
Bank stock, as per schedule,
Loans on bank stock,
Railroad bonds, as per schedule,
Real estate (for banking pur­
poses), ....................................
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
(notes).........................................
Deposits in banks, on interest, .
Deposits in banks, not on interest,
Tax account...................................
Furniture and safe, .
Holliston Water Co. bonds,*
Cash on hand.................................

$ 6,000 00
22,162 50
2,200 00

14,000 00
5,500
5,270
216,657
40,770

00
00
00
00

54,800
31,159
3,736
593
258
4,000
3,151

00
09
24
79
22
00
38

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

$410,258 22

$359,306 06
19,400 00
15,244 32
16,307 84

$410,258 22

* Taken to secure indebtedness.

Cash on Deposit in Banks, amount in each : —
International Trust Company, Boston, .
National Bank of the Commonwealth, Boston, .
Framingham National Bank, South Framingham,
* Not a legal depository for savings bank’s fund.

$13,476 30*
17,682 79
3,736 24
Deposit has been withdrawn.

Loan on Bank Stdck: —
35 shares Central National Bank, Boston,


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

.......................................................$2,200 00

N o. 8 .]

SA V IN G S B A N K COM M ISSIONERS.

251

Holliston Savings Bank — Continued.
D etailed Statem ent o f P u blic F u n d s.

City of Bangor, Me., 6s, .
of Milwaukee, W is., 5s, .
Town of Wayland, Mass., 4s, .

Par Value.

Estimated
Market Value.

$1,000
4.000
1.000

$1,040 00
4,300 00
1,050 00

$1,000 00
4.000 00
1.000 00

$6,000

$6,390 00

$6,000 00

Amount Invested.

No. of IÏ
Shares. I

D etailed Statem ent o f B a n k Stocks.

5
34
25
24
30
30
60
15
20
24

Blackstone Nat’l B ’k, Boston, .
National Bank of tlie Common­
wealth, Boston, .
Shoe & Leather N ’l B’k, Boston,
State National Bank, Boston, .
Home Nat’l Bank, Brockton, .
Franklin N ’l Bank, Franklin, .
Holliston N ’l Bank, Holliston,
People’s N ’l B’k, Marlborough,
Blue Hill Nat’l Bank, M ilton,.
Framingham National Bank,
South Framingham,

Par Value.

Estimated
Market Value.

$500

$390 00
00
00
00
00
00
00
00
00

Amount Invested.

$500 00
3,400
2,462
2,400
3,000
3,000
1,500
1,500
2,000

00
50
00
00
00
00
00
00

3,400
2,500
2,400
3,000
3,000
1,500
1,500
2,000

4,930
2,550
2,664
5,250
3,450
600
1,725
2,260

2,400

3,240 00

2,400 00

$22,200

$27,059 00

$22,162 50

D etailed Statem ent o f R ailroad Bonds.

Fitchburg R.R. 5s, .
Maine Central R R. 4s,
Maine Central R R. 6s,


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

Par Value.

Estimated
Market Value.

$9,000
4.000
1.000

$9,505 00
4,200 00
1,040 00

$9,000 00
4.000 00
1.000 00

$14,000

$14,745 00

$14,000 00

Amount Invested.

252

R E P O R T O F TH E

[Pub. D oc.

Holliston Savings Bank — Concluded.
Total A m ou n t o f L oan s, w ith E ach Specified R ate o f In terest.

Amount.

$7,800 00
31,159 09
4,000 00

Rate.

0 per cent.
2
“

3|

“

Amount.

$40,800 00
10,000 00

36,550 00

Rate.

4

AA
*4

5

per cent.
u

Amount.

$32,983 00
182,294 00

Rate.

5£ per cent.
“

6

“

Amount invested in real estate for banking purposes,....................................
$5,500 00
Estimated value of the s a m e , ........................................................................
6,000 00
Assessed value of the s a m e ,.................................................................................
6.300 00
Net income received from same during year ending Oct. 31, 1898,
210 96
Value, by books, of other real estate, held or owned by foreclosure or
o th erw ise,........................................................................ .........
5,270 00
Assessed value of the s a m e ,.................................................................................
8,250 00
Number of loans which are of an amount not exceeding $3,000 each, 301
Aggregate amount of the s a m e , ........................................................................
205,657 00
Total number of loans upon real e s t a t e , ............................................. 272
Amount of investments from which no income is received..............................
9.300 00
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1 8 9 8 , ...............................................................
18,968 58
Times for the dividends fixed by the by-laws: first Tuesday in June and
December.
Rate and amount of each semi-annual dividend f 2 per cent.,
$6,820 13 1
13,789 63
during the year ending Oct. 31, 1898,.
.
1 2 per cent., 6,969 50 J
Number of accounts opened during the year ending Oct. 31, 1898,
. 110
Number of accounts closed during the year ending Oct. 31, 1898,
. 110
Total number of open accounts Oct. 31, 1898,
.
.
.
.
1,130
Total expenses of the corporation for the year ending Oct. 31, 1898 (ex­
clusive of taxes).....................................................................................................
2,202 90
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1898..............................................................................................
55,776 51
Number of s a m e , ......................................................................................... 700
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 8 9 8 , ...................................................................................................
60,647 22
Number of s a m e , ................................................................................. 1,048
Date of examination by commissioner: June 28.


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

No. 8 .]

253

SA V IN G S B A N K CO M M ISSION ERS.

H O LY O K E S A V IN G S B A N K — H O L Y O K E .
Incorporated Feb. 21, 1855.

Present number of corporators, 80.

G e o r g e W . P r e n t is s , President.
R . B. J o h n so n , Treasurer.
C. W . J o h n so n , Clerk o f the Corporation.

Names of committee charged with the investment of its funds :
G e o r g e W . P r e n t is s ,

R

W

W . S. P e r k i n s .

il l ia m

W

h it in g ,

obert

R u ssell,

Open for business every business day except Saturdays, 9 a . m . to 4 p . m . ; Thurs­
days, 7 to 8 p . m . ; Saturdays, 9 a .m . to 12 m .
B a l a n c e S h e e t O c t o b e r 31,1898.

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,
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
( n o te s ),....................................
Loans on depositors’ books,
Deposits in banks, on interest, .
Expense account,
Furniture and fixtures,
Premium account,
Cash on hand, .
.
.
.

$804,700
600
264,148
13.500
448,000
19,053
1,578,975
309,236

00
00
00
00
08
00
00

5,750
2,234
254,793
2,948
5,000
15.500
38,803

00
00
51
67
00
00
04

00

$3,548,237 27
140,000 00
75,004 03

Deposits, .
Guaranty fund,
Interest account,

$3,763,241 30

$3,763,241 30

Cash on Deposit in Banks, amount in each : —
National Bank of the Commonwealth, Boston, .
City National Bank, H o l y o k e , ....................................
Holyoke National Bank, Holyoke....................................
Home National Bank, H o ly o k e ,....................................
Hampshire County National Bank, Northampton,
Agawam National Bank, Springfield................................
Pynchon National Bank, Springfield, .
.
.
.
Springfield National Bank, Springfield,
Ware National Bank, Ware,
.
.
.
.

.

.

.

.

.

$67,984
45,000
69,133
25,000
2,500
5,000

74
00

54
00
00
00

10,000 00

10,175 23
20,000 00

Loan on Public Funds : —
$600 United States 4s,


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

.

$600 00

[Pub. D oc

R E P O R T O F TH E

254

H olyoke Savings Bank — Continued.
Loans on Bank Stock, amount on each: —
30 shares
25 shares
10 shares
27 shares
25 shares
10 shares
50 shares
10 shares

Home National Bank, H o ly o k e ,....................................
City National Bank, H o l y o k e , ....................................
Hadley Falls National Bank, Holyoke,
Holyoke National Bank, Holyoke,
.
.
.
.
Hampshire County National Bank, Northampton,
Home National Bank, H o ly o k e ,....................................
Ware National Bank, W are,.............................................
City National Bank, H o l y o k e , ....................................

* Since reduced within the legal limit.

$

^

2,000 00

3,300 00*
2.500 00

I

1,400 00f
3.500 00
800 00

| Additional collateral received.

D etailed Statem ent o f Public F u nd s.

Par Value.

City of
of
of
of
of
of
of
of
of
of
of
of
of
of
of
of
of
of
of
of
of
of
of
of
of
of
of
of
of
of
of
of
of
of
of
of
of

Akron, Ohio, 5s, .
An burn, Me., 5s, .
Bangor, Me., 6s, .
Bangor, Me., 7s, .
Bay City, Mich , 5s,
Bay City, Mich., 8s,
Boston, Mass., 3ès,
Boston, Mass., 4s,
Boston, Mass., 5s,
Boston, Mass., 6s,
Cleveland, Ohio, 5s,
Detroit, Mich., 6s,
Detroit, Mich., 7s,
East Saginaw, Mich., 5s,
Fall River, Mass , 4s, .
Fall River, Mass., 5s, .
Fall River, Mass., 6s, .
Fort W ayne, Ind., 4 £ s ,.
Fort Wayne, Ind., 6s, .
Grand Rapids, Mich., 5s,
Haverhill, Mass., 4s, .
Holyoke, Mass., 4s,
Holyoke, Mass , 6s,
Kansas City, Mo., 4ès, .
Keene, N. H , 5s, .
Lawrence, Mass., 6s, .
Lewiston, Me., 5s,
Lewiston, Me., 6s,
Milwaukee, W is., 5s, .
Minneapolis, Minn., 4£s,
Minneapolis, Minn., 7s,
Minneapolis, Minn , 8s,
New Bedford, Mass., 4s,
New Bedford, Mass., 5s,
New London, Conn., 7s,
Northampton, Mass., 4s,
Oshkosh, Wis., 4£s,


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

$30,000

6,000
13,000
14,000
72,000

1,000
2,000
36,000

Estimated
Market Value.

f 31,240
6,500
13,250
14,200
77,150
1,300

2,000
36,750

2,000

2,200

16,000
28,450
4,000

9,000
5,000

17,800
30,400
4,625
13,875
8,450
9,100
5,750

11,000

12,100

7,000
4,000

7,500
4,100
2,140
7,050

12,000
8,000

2,000
7,000

2,000

2,000

9,000
25,000

9,200
27,500

2,000

2,000

5,000

5,250
2,350
2,150
96,400
26,000
6,600
8,300
6,500
5,300
16,500
22,800
10,225

2,000
2,000
90,000
25,000

6,000
7,000

6,000
5,000
16,000
22,500

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

Amount Invested,

$30,000 00
6,000 00
13,000 00
14,000 00
72,000 00
1,000 00
2,000 00
36,000 00
2,000 00
16,000 00
28,450 00
4,000 00
12,000 00
8,000 00
9,000 00
5,000 00
11,000 00
7,000 00
4,000 00
2,000 00
7,000 00
2,000 00
9,000 00
25,000 00
2,000 00
5,000 00
2,000 00
2,000 00
90,000 00
25,000 00
6,000 00
7,000 00
6,000 00
5,000 00
16,000 00
22,500 00
10,000 00

No. 8 .]

255

SA V IN G S B A N K COM M ISSION ERS

Holyoke Savings Bank — Continued.
D etailed Statem ent o f P ublic F u nd s — Concluded.

Par Value.

City of Portland, Me , 6 s ,.
of Providence, R. I., 5s, .
of Providence, R. I., 6s, .
of Rockford, 111., 4ès,
of Saginaw, Mich., 4s,
of Saginaw, Mich., 4£s, .
of Saginaw, Mich., 5s,
of Salem, Mass., 4s, .
of Springfield, Ohio, 5s, .
of Springfield, Ohio, 6s, .
of St. Louis, Mo., 5s.
of St. Louis, Mo , 6s,
of Terre Haute, Ind , 6s, .
of Youngstown, Ohio, 5 s ,.
of Youngstown, Ohio, 6 s ,.
Town of Canton, Mass., 4s,
of Monson, Mass , 4s,
of Winthrop, Mass , 5s, .
County of Middlesex, Mass., 4s,
District of Columbia 5s, .
District of Columbia 6s, .

$14,000
15,000
4,000
17,500
15,000
39,000

11,000
8,000
22,000
2,750
3,000
50,000
17,500

20,000
6,000
15,000
4,000

1,000
10,000
3,000
3,000
$804,700

Estimated
Market Value.

$16,800
15,375
4,150
18,350
15,350
42,500
11,175

8,000
23,250
2,800
3,050
55,000
17,500
20,650
6,300
15,600
4,100

1,100
10,500
3,020
3,250

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

$854,375 00

Amount Invested.

$14,000
15,000
4,000
17,500
15,000
39,000

11,000
8,000
22,000
2,750
3,000
50,000
17,500

20,000
6,000
15,000
4,000

1,000
10,000
3,000
3,000

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

$804,700 00

No. of
Shares.

D etailed Statem ent o f B a n k Stocks.

20
22
50

20
54
38
42
37
5
48

2
1
38
238
370
71
17
25

Par Value.

Greylock Nat’l Bank, Adams,
First National Bank, Adams, .
First National Bank, Amherst,
Miller’s River N ’l Bank, Athol,
First National Bank, Chicopee,
Conway Nat’l Bank, Conway,
First N ’l Bank, Easthampton,
Rollstone N ’l Bank, Fitchburg,
First Nat’l Bank, Gi’eenfield, .
Franklin Co N ’l B’k, Greenfield,
First National Bank, Haverhill,
Merrimack N ’l B’k. Haverhill,
City National Bank, Holyoke,
Hadley Falls N ’l B’k, Holyoke,
Holyoke Nat’l Bank, Holyoke,
Home National Bank, Holyoke,
Railroad Nat’l Bank, Lowell, .
Monson Nat’l Bank, Monson, .


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

$2,000

2,200
5,000

2,000
5,400
3,800
4,200
3,700
500
4,800

200
100
3,800
23,800
37,000
7,100
1,700
2,500

Estimated
Market Value.

$3,100
2,750
7,500
3,500
7,560
3,800
4,200
5,365
800
4,896
302
155
3,990
35,700
57,350
7,810
2,176
3,750

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

Amount Invested.

$2,000 00
2,200 00
5,000 00
2,000 00
6,700 00
3,800 00
4,200 00
3,700 00
500 00
4,800 00
200 00
100 00
3,790 00
30,600 00
37,000 00
7,100 00
1,700 00
2,500 00

256

REPORT

OF

THE

[P u b . D oc.

H o l y o k e Savings Bank — Continued.
D etailed Statem ent o f B an k Stocks — Concluded.
o. $
t*53
5
90

20
50
38

6
50
117
15
178
87
50
215
25
97
26
4
50

Estimated
Market Value.

First N ’l Bank, Newburyport,
First N’l Bank, Northampton,
Hampshire County Nat’l Bank,
Northampton.
Northampton National Bank,
Northampton,
Palmer Nat’l Bank, Palmer, .
Pittsfield Nat’l Bank, Pittsfield,
Agawam N ’l B’k, Springfield,
Chicopee N ’l B’k, Springfield,
City Nat’l Bank, Springfield, .
First Nat’l Bank, Springfield,.
John Hancock National Bank,
Springfield, .
.
.
.
Second N’l Bank, Springfield,
Third N ’l Bank, Springfield, .
Springfield N’l B’k, Springfield,
Townsend N ’l B’k, Townsend,
Ware National Bank, Ware, .
First National Bank, Westfield,
First National Bank, Worcester,

$500
9,000

$625 00
12,150 00

2,000

400 00

10,000

$500 00
12,288 00

2,000

00
00
00
00
00
00
00
00

5,000
3,800
600
5,000
11,700
1,500
17,800

5,510
900
2,750
18,135
2,175
19,936

00
00
00
00
00
00
00

8,900
3,80o
570
5,000
15,300
1,500
21,500

8,700
5,000
21,500
2,500
9,700
2,600
400
5,000

9,570
6,500
47,300
3,625
11,640
2,730
520
9,000

00
00
00
00
00
00
00
00

9,900
9,000
33,500
2,500

$222,100

$318,170 00

00
00
00
00
12,000 00
2,600 00
400 00
5,000 00

$264,148 00

D etailed Statem ent o f R ailroad Bonds.
Estimated
Market Value.

Amount Invested.

5,000

$19,265 00
27,175 00
1,200 00
26,500 00
64,000 00
15,200 00
130,150 00
51,000 00
23,625 00
25,200 00
1,015 00
2,200 00
29,500 00
12,000 00
35,100 00
12.600 00
5,600 00

$19,000 00
27,000 00
1,000 00
25,000 00
57,500 00
15,( 00 00
121,000 00
50,000 00
22,500 00
19,000 00
1,000 00
2,000 00
25,000 00
12,000 00
34,000 00
12,000 00
5,000 00

$448,000

$481,330 00

$448,000 00

Par Value.

Boston & Lowell R.R. 4s,
Boston & Lowell R.R. 5s,.
Boston, Concord & Montreal R.R. 6s,
Boston, Winthrop & Shore R.R. 5s,
Eastern R R. 6s,
Fitchburg R.R. 4s,
Fitchburg R.R 5s,
Holyoke & Westfield R.R. 4s, .
Maine Central R.R 6s,
Main e Central R R. 7s,
Nashua & Lowell R.R 5s,
New Haven & Northampton R.R 5s,
New York & New England R.R. 7s,
N. Y ., Providence & Boston R.R. 7s,
Portland & Ogdensburg R.R. 6s,
Vermont & Massachusetts R.R. 5s, .
Vermont Valle}’ R.R. 5s, .


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

$19,000
27,000

1,000
25,000
57,500
15,000

121,000
50,000
22,500
19,000

1,000
2,000
25,000

12,000
34.000

12,000

No. 8 .]

S A Y IN G S B A N K CO M M ISSION ERS.

257

Holyoke Savings Bank — Concluded.
Total A m ou nt o f L oans, with E ach Specified R ate o f In terest.

Amount.

$2,500 00
67,984 74

Kate.

0 per cent.
2 “

Amount.

$189,308 77
1,696,246 00

Rate.

4 per cent.

5

“

Amount.

$21,000 00
188,049 00

Rate.

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 year ending Oct. 31, 1898,
.
.
Number of loans which are of an amount not exceeding $3,000 each, 331
Aggregate amount of the s a m e , ........................................................................
Total number of loans upon real e s t a t e , ............................................. 403
Amount of investments from which no income is received, .
.
.
.
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1898........................................................................
Times for the dividends fixed by the by-laws : third Monday in January
and July.
Rate and amount of each semi-annual dividend j 2 per cent., $64,834 39 1
during the year ending Oct. 31, 1898,
.
1 2 per cent.,
66,189 42 J
Number of accounts opened during the year ending Oct. 31, 1898,
1,819
Number of accounts closed during the year ending Oct. 31, 1898,
1,927
Total number of open accounts Oct. 31, 1898,
.
.
.
.
9,218
Total expenses of the corporation for the year ending Oct. 31, 1898 (ex­
clusive of taxes), . ................................................................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 8 9 8 ,..........................................................................................
Number of s a m e , ................................................................................. 13,684
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 8 9 8 , ...................................................................................................
Number of s a m e , ................................................................................. 9,650
Date of examination by commissioner: May 18.


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

$19,053 08
12,443 00
646 39
408,456 00
7,000 00
186,732 91

^

^
’

8,738 61
743,107 00

745,209 26

[Pub. Doc.

R E P O R T O F TH E

258

HOM E S A V IN G S B A N K — BOSTON.
Incorporated March 17, 1869.

Present number of corporators, 42.

C h a r l e s * H . A l l e n , President.
C h a r l e s J. H a y d e n , Treasurer.
C h a r l e s J. H a y d e n , Clerk o f the Corporation.

Names of committee charged with the investment of its funds :
Charles H . A llen ,
N ew ton T alb ot,
H e n r y C . Ja c k s o n ,

T homas F . T em ple,
A l b e r t T . W h it in g ,
E d w ar d H . D unn.

Open for business every business day, 9 a . m . to 2 p . m . ; also Saturdays, for deposits,
5 to 8 p .m ., except during June, July and August.

B alance

Sh ee t

O ctober

31, 1898.

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 stock, .
Boston Terminal Co. bonds,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
(notes), .
.
.
Deposits in banks, on interest, .
Expense account,
Howland Mills Corp’n stock,* .
Rotch Spinning Co. stock,*
New Bedford Spinning Co. stock,*
Bennett Spinning Co. stock,* .
Consolidated R .R. of Vermont
b o n d s ,* ....................................
Cash on hand, .
.
.
.

$123,670
65.000
364.000
27.500
178.000
65.000
30.000
3,971,050
1,847,563

25
00
00
00
00
00
00
00
62

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

$7,006,244 16
329,000 00
41,805 84
43,792 42
350 00
68 18
8,620 56

234,709
364,106
1,614
17.500
8,700
11.500

34
21
61
00
00
00
20,200 00

96.500 00
3,267 13
$7,429,881 16

$7,429,881 16

* Taken to secure indebtedness.

Cash on Deposit in Banks, amount in each: —
Central National Bank, B o s to n ,........................................................................ $145,643 98
National Bank of North America, Boston,......................................................
92,354 41
Third National Bank, B o s t o n , ........................................................................
126,107 82


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

No. 8 .]

259

SA V IN G S B A N K CO M M ISSION ERS

Home Savings Bank — Continued.
Loan on Public Funds : —
$65,000 City of Newton, Mass., 4s...................................................................... $65,000 00
Loans on Bank Stock, amount on each : —
32
100
100
40
50

shares Boylston National Bank, B o s t o n , .......................................$3,000
shares National Bank of South Reading, Wakefield, .
.
.
.
shares National Bank of South Reading, Wakefield, .
.
.
. }
shares Massachusetts Loan and Trust Company, Boston, .
.
.J
shares Wachusett National Bank, F i t c h b u r g ,....................................

00
9,000 00
^ qqq qq
’
4,500 00

Loans on Railroad Stock, amount on each : —
400 shares Boston & Maine R . R . , ........................................................$50,000
100 shares Boston & Albany R .R ............................................................
15,000

00
00

Detailed Statement o f Public Funds.

Par Value.

City of Bay City, Mich., 8s, .
of Brockton, Mass., 4s, .
of Chicago, 111., 7s,
. , .
of Cleveland, Ohio, 4s, .
of Kansas City, Mo., 7s,
of Northampton, Mass., 4s, .
of Quincy, Mass., 3£s, .
of Sioux City, Iowa, 4£s,
of Springfield, Mass., 7s,
of Springfield, Ohio, 5s,
of Springfield, Ohio, 6s,
of Woburn, Mass., 4s, .
Town of Hyde Park, Mass., 4s,
of Stoughton, Mass., 4s,
of Watertown, Mass , 4s, .
State of New Hampshire 6s,

$4,500
9,000
3,000
5,000
4,000
25,000
7,170
4,000
1,000
2,000
2,000
3,000
45,000
2,000
4,000
3,000

00
00
00
00
00
00
25
00
00
00
00
00
00
00
00
00

$123,670 25

Estimated
Market Value.

$5,990
9,227
3,016
5,062
4,000
25,531
7,178
4,160
1,150
2,020
2,030
3,075
46,112
2,010
4,030
3,003

00
50
25
50
00
25
92
00
00
00
00
00
50
00
00
75

$127,597 67

Amount Invested.

$4,500
9,000
3,000
5,000
4,000
25,000
7,170
4,000
1,000
2,000
2,000
3,000
45,000
2,000
4,000
3,000

00
00
00
00
00
00
25
00
00
00
00
00
00
00
00
00

$123,670 25

1 No. of
Shares.

D etailed Statem ent o f B a n k Stocks.

50
200
66
50
75
23

Par Value.

Atlantic Nat’l Bank, Boston, .
Atlas National Bank, Boston, .
Blackstone N ’l Bank, Boston, .
Boston National Bank, Boston,
Columbian Nat’l B'k, Boston, .
Continental N ’l Bank, Boston,


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

$5,000
20,000
6,600
5,0U0
7,500
2,300

Estimated
Market Value.

$5,600
21,800
5,148
4,962
7,265
2,760

00
00
00
50
62
00

Amount Invested.

$5,000
20,000
6,600
5,000
7,500
2,300

00
00
00
00
00
00 ]

260

R E PO E T O F TH E

[Pub. Doc

Home Savings Bank — Continued.

Ko. of
Shares.

D etailed Statem ent o f Bank Stocks — Concluded.

100
125
62
160
150
150
50
200
75
150
200
100
50
100
125
33
200
200
400
200
100
100
46
100

Par Value.

Eliot National Bank, Boston, .
First National Bank, Boston, .
Freeman’s Nat’l Bank, Boston,
Hamilton Nat’l Bank, Boston,
Howard National B’k, Boston,
Market National Bank, Boston,
Massachusetts N ’l B’k, Boston,
Merchants’ Nat’l Bank, Boston,
Mt. Vernon N ’l Bank, Boston,
N ’l B’k of Redemption, Boston,
N ’l B’k of the Republic, Boston,
N ’l Hide & Leather B’k, Boston,
Nat’l Market B’k of Brighton,
Boston, .
.
.
.
.
National Revere Bank, Boston,
National Union Bank, Boston,
Nat’l Webster Bank, Boston, .
New England N ’l B’k, Boston,
North National Bank, Boston,
Second National Bank, Boston,
Shawmut Nat’l Bank, B oston,.
Shoe & Leather N ’l B’k, Boston,
State National Bank, Boston, .
Suffolk National Bank, Boston,
Tremont Nat'l Bank, Boston, .

Estimated
Market Value.

Amount Invested.

$10,000
12,500
6,200
16,000
15,000
15,000
5,000
20,000
7,500
15,000
20,000
10,000

$13,000
24,375
6,200
18,240
14,587
11,550
3,750
31,000
7,218
16,987
28,650
10,675

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

$10,000
12,500
6,200
16,000
15,000
15,000
5,000
20,000
7,500
15,000
20,000
10,000

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

5,000
10,000
12,500
3,300
20,000
20,000
40,000
20,000
10,000
10,000
4,600
10,000

5,000
9,200
16,656
3,374
30,400
20,400
69,600
24,400
10,200
11,175
4,876
7,100

00
00
25
25
00
00
00
00
00
00
00
00

5,000
10,000
12,500
3,300
20,000
20,000
40,000
20,000
10,000
10,000
4,600
10,000

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

$364,000

$446,151 37

$364,000 00

D etailed Statem ent o f R ailroad Bonds.

Par Value.

Dexter & Piscataquis R.R. 4s, .
Fitchburg R.R. 4s, .
Fitchburg R.R 5s, .
Old Colony R.R. 4s, .
Portland & Ogdensburg R.R. 6s,


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

$10,000
88,000
64.000
15.000
1,000
$178,000

Estimated
Market Value.

$10,450
92,920
67,943
16,950
1,037

00
00
75
00
50

$189,301 25

Amount Invested.

$10,000
88,000
64.000
15.000
1,000

00
00
00
00
00

$178,000 00

No. 8 .]

261

S A Y IN G S B A N K COM M ISSION ERS.

Home Savings Bank — Concluded.
Total A m ou n t o f L o a n s, with E ach Specified R ate o f Interest.

Rate.

Amount.

$69,561 24
364,106 21
101,000 00

39,397
4,923
79,737
90,838

83
93
89
86

0 per cent.
2
“
2è
“

3
3.06 “
3è
“
3à
“

Amount.

$611,000
80.000
55.000
1,561,002

Rate.

00
00

00
78

10.000 00

711,465 80

3f per cent.
3J
“
3.90 “
4
“
4J
“
4£
“

Rate.

Amount.

$1,337,788
41,445
971,916
8,800
258,018
178,925

75
83
30
00

75
00

4£ per cent.
4|
“
5
“
5J
“
5*
“
6
»

Number of loans which are of an amount not exceeding $3,000 each,
196
Aggregate amount of the same...............................................................................$328,632 50
Total number of loans upon real estate....................................................... 436
Amount of investments from which no income is received, .
.
.
.
69,561 24
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1 8 9 8 , ...............................................................
311,357 86
Times for the dividends fixed by the by-laws : second Wednesday in April
and October.
Rate and amount of each semi-annual dividend f 2 per cent., $125,001 72 1 254 219 73
during the year ending Oct. 31, 1898,
.
1 2 per cent., 129,218 01 1
Number of accounts opened during the year ending Oct. 31, 1898,
2,778
Number of accounts closed during the year ending Oct. 31, 1898,
2,066
Total number of open accounts Oct. 31, 1898,
.
.
.
.
23,863
Total expenses of the corporation for the year ending Oct. 31, 1898 (ex­
clusive of taxes),
..........................................................................................
24,342 21
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 8 9 8 ,.......................................................................................... 1,668,274 43
Number of s a m e , .................................................................................
20,090
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 8 9 8 , ................................................................................................... 1,442,893 15
Number of s a m e ,.................................................................................17,639
Date of examination by commissioner : February 8 .


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

262

R E P O R T O F TH E

[Pub. D oc

HOOSAC S A V IN G S B A N K — N O R T H A D AM S.

Incorporated April 19,1871.

Present number of corporators, 15.

0 . A . A r c h e s ., President.
W . W . R ic h m o n d , Treasurer.
H. E . "We t h e r b e e , Clerk o f the Corporation.

Names of committee charged with the investment of its funds :
D a n ie l J. B a r b e r ,
W . W . B utler,
T im o t h y C o l l in s .

Open for business every business day, 9 a . m . to 4 p . m . ; also Saturdays, until 6
except June, July, August, September and October, close at 4.30 p . m .

p . m .,

B a l a n c e S h e e t O c t o b e r 31, 1898.

A ssets.

Public funds, as per schedule, .
Loans on public funds,
Bank stock, as per schedule,
Boston Terminal Co. bonds,
Real estate (for banking pur­
poses)..........................................
Loans on real estate, .
Loans on personal security,
Loans on depositors’ books,
Deposits in banks, not on interest,
Premium account,
Furniture and fixtures,
Cash on hand, .
.
.
.

L ia b il it ie s .

$32,000 00
500 00
7.200 00

Deposits, .
Guaranty fund,
Interest account,

$849,113 03
19,175 85
12,427 06

10,000 00

50,824
592,305
146,794
1,485
22,265
2,800
7.200
7,340

52
50
50
00
90
00

00
52

$880,715 94

$880,715 94

Cash on Deposit in Banks, amount in each: —
Adams National Bank, North A d a m s,............................................................... $13,164 42
Berkshire National Bank, North A d a m s , ...................................................... 9,101 48
Loan on Public Funds : —
$500 United States 3s,


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

.

$500 00

No. 8 .]

263

SA V IN G S B A N K CO M M ISSION ERS

Hoosac Savings Bank — Continued.
Detailed Statement o f Public Funds.

Par Value.

City of
of
of
of
of
of
of
of

Bay City, Mich., 5s,
Cleveland, Ohio, 4s,
Columbus, Ohio, 4s,
Lynn, Mass., 3ès, .
Lynn, Mass., 4s, .
Sioux City, Iowa, 4£s, .
Terre Haute, Ind., 4£s,
Waltham, Mass., 4s,

*

Estimated
Market Value.

$10,000
2,000
1,000
2,000
2,000
5.000
5.000
5.000

$12,100
2,050
1,025
2,020
2,045
5,350
5,307
5,100

$32,000

$34,997 50

Amount Invested.

$10,000
2,000
1,000
2,000
2,000
5.000
5.000
5.000

00
00
00
00
00
00
50
00

00
00
00*
00
00
00
00
00

$32,000 00

A legal investment when made.

Ko. of
Shares.

Detailed Statement o f Bank Stocks.

19
53

Par Value.

Adams National Bank, Adams,
Berkshire Nat’l Bank, North
A d am s,........................................

Estimated
Market Value.

Amount Invested.

$1,900

$2,432 00

$1,900 00

5,300

5,830 00

5,300 00

$7,200

$8,262 00

$7,200 00

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

Amount.

Rate.

$645,403 98

5 per cent.

Rate.

Amount.

$95,681 02

6

per cent.

Amount.

Rate.

-

-

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, 1898,
Number of loans which are of an amount not exceeding $3,000 each, 303
Aggregate amount of the s a m e , ........................................................................
Total number of loans upon real e s t a t e , ............................................. 270
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1898........................................................................
Times for the dividends fixed by the by-laws: June 1 and December 1.


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

$50,824
70,000
35,000
3,527

52
00

00
65

325,049 00

41,702 62

264

R E P O R T O F TH E

[Pub. Doc.

Hoosac Savings Bank — Concluded.
Rate and amount of each semi-annual dividend j 2 per cent., $14,647 60 i
during the year ending Oct. 31, 1898,
.
. i 2 per cent., 15,320 46 J $^9,968 06
Number of accounts opened during the year ending Oct. 31, 1898,
. 858
Number of accounts closed during the year ending Oct. 31, 1898,
. 770
Total number of open accounts Oct. 31, 1898,
.
.
.
.
3,833
Total expenses of the corporation for the year ending Oct. 31, 1898 (ex­
clusive of taxes),
..........................................................................................
5,099 50
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 8 9 8 ,..........................................................................................
286,536 05
Number of s a m e , .......................................................................................... 5,597
Amount of withdrawals, including dividends, during the year ending Oct.
31, 1 8 9 8 , ............................................................................................................
254,980 19
Number of s a m e , .......................................................................................... 3,927
Date of examination by commissioner: April 13.


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

No. 8 .]

SA V IN G S

BAN K CO M M ISSION ERS.

265

H O P K IN T O N SA V IN G S B A N K — H O P K IN TO N .
Incorporated March 23, 1867.

Present number of corporators, 29.

L o w e l l B. M a y b r y , President.
F red A. W

F red A. W ood , Treasurer.
ood ,

Clerk o f the Corporation.

Names of committee charged with the investment of its funds:
L o w e l l B. M a y b r y ,
W il l ia m A . F r a il ,
M a r t in V . P h ip p s .

C h ar l e s L . Cl a f l in ,
A lonzo C o burn ,
C h ar le s H. M orse ,

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

Balance

Sheet

O ctober

a .m .

to 12

m .;

1.30 to

31,1898.

L ia b il it ie s .

A ssets.

Public funds, as per schedule, .
Bank stock, as per schedule,
Railroad bonds, as per schedule,
Real estate by foreclosure,
Loans on real estate, .
Deposit in bank, on interest,
Deposit in bank, not on interest,
Expense account,
Insurance,....................................
Cash on hand, .
.
.
.

$44,492
65,424
87,000
2,337
147,287
15,380

89
00
00
02

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

$341,764 46
17,703 71
12,418 11

00
12

1,000 00

854 95
10 00

8,100 30
$371,886 28

$371,886 28

Cash on Deposit in Bank : —
Hopkinton National Bank, H o p k i n t o n , ...................................................... $16,380 12

Detailed Statement o f Public Funds.

Par Value.

City of Bangor, Me., 6s, .
of Portland, Me., 6s,
County of Aroostook, Me., 4£s,
United States 4s,
.
.
.


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

Estimated
Market Value.

$5,000
6,000
5,000
25,000
$41,000

$5,737
7,260
5,262
31,875

50
00
50
00

$50,135 00

A legal Investment when made.

Amount Invested.

$5,000
6,000
5,000
28,492

00
00
00*
89

$44,492 89

266

R E P O R T O F TH E

[Pub. D oc.

Hopkinton Savings Bank — Continued.
Detailed Statement o f Bank Stocks.
o o
. S-.
O g

10
50
61
50
25
15
16
50
15
10
13
25
40
60
25
5
54
40

Par Value.

Greylock Nat’l Bank, Adams, .
Atlantic Nat’l Bank, Boston, .
Atlas National Bank, Boston, .
Continental Nat’l Bank, Boston,
Everett National Bank, Boston,
Faneuil Hall N ’l Bank, Boston,
Howard Nat’l Bank, Boston, .
N ’l B’k of Redemption, Boston,
N ’l B’k of the Rejmblic, Boston,
Nat’l Exchange B’k, Boston, .
N ’l Hide & Leather B’k, Boston,
National Revere Bank, Boston,
North National Bank, Boston,
Sliawmut Nat’l Bank, Boston,.
Franklin N ’l Bank, Franklin, .
Natick National Bank, Natick,
Quinsigamond National Bank,
Worcester, .
.
.
.
Worcester N ’l B’k, Worcester,

Estimated
Market Value.

$1,000
5,000
6,100
5,000
1,250
1,500
1,600
5,000
1,500
1,000
1,300
2,500
4,000
6,000
2,500
500

$1,550
5,600
6,649
6,000
1,000
1,886
1,556
5,662
2,148
1,305
1,387
2,300
4,080
7,320
2,925
575

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

Amount Invested.

$1,500
6,250
7,015
5,400
1,250
1,950
1,600
5,750
1,950
1,250
1,300
1,875
4,600
6,600
2,750
500

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

5,400
4,000

7,560 00
5,200 00

7,964 00
5,920 00

$55,150

$64,705 25

$65,424 00

Detailed Statement o f Railroad Bonds.

Par Value.

Boston & Albany R.R. 4s,
Boston & Lowell R.R. 4 s ,.
Boston & Maine R.R. 4s, .
Concord & Montreal R.R. 4s, .
Fitchburg R.R. 5s, .
Maine Central R.R. 4£s, .
Nashua & Lowell R.R. 5s,
Newport & Richford R.R. 5s, .
Portland & Rumford Falls R.R. 4s, .
St. Johnsbury & Lake Champlain
R.R. 5 s , ..................................................


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

*

$10,000
10,000
5.000
10,000
10,000
1.000
10,000
10,000
15,000

Estimated
Market Value.

$10,700
11,200
5,537
10,825
10,450
1,095
10,275
11,150
15,675

00
00
50
00
00
00
00
00
00

Amount Invested.

$10,000
10,000
5.000
10,000
10,000
1.000
10,000
10,000
15,000

00
00
00
00
00
00
00
00*
00

6,000

7,560 00

6,000 00

$87,000

$94,467 50

$87,000 00

A legal investment when made.

No. 8 .]

267

SA V IN G S B A N K CO M M ISSION ERS.

Hopkinton Savings Bank — Concluded.
Total A m ou nt o f L o a n s , w ith E ach Specified R ate o f In terest.

Kate.

Amount.

$15,380 12
4,000 00

24 per cent.

4

“

Amount.

$77,100 00
11,200 00

Kate.

5 per cent.
5|
“

Rate.

Amount.

$54,987 00

6 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, 132
Aggregate amount of the same...............................................................................
Total number of loans upon real estate....................................................... 143
Amount of investments from which no income is received, .
.
.
.
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 3 1 , 1 8 9 8 , ...............................................................
Times for the dividends fixed by the by-laws : first Saturday in May and
November.
Rate and amount of each semi-annual dividend j 2 per cent., $6,743 38 1
during the year ending Oct. 31, 1898,
.
. 1 2 per cent.,
6,567 38 J
Number of accounts opened during the year ending Oct. 31, 1898,
. 92
Number of accounts closed during the year ending Oct. 31, 1898,
. 110
Total number of open accounts Oct. 31, 1898,
.
.
.
.
1,090
Total expenses of the corporation for the year ending Oct. 31, 1898 (ex­
clusive of taxes),
..........................................................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 8 9 8 ,..........................................................................................
Number of s a m e , ..........................................................................................545
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 8 9 8 , ...................................................................................................
Number of s a m e , .......................................................................................... 892
Date of examination by commissioner: February 24.


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

$2,337 02
3,200 00
89,887 00
2,337 02
16,907 97

13,310 76

2,032 75
36,285 87

55,374 11

268

R E P O R T O F TH E

[Pub. Doc

HUDSON- S A V IN G S B A N K — H U D SO N .
Incorporated Feb. 26, 1869.

Present number of corporators, 39.

E dm u n d M. STowe, President.
D a n ie l W . S tratton , Treasurer.
F red 0 . W e l s h , Clerk o f the Corporation.

Names of committee charged with the investment of its funds:
E dm u n d M. S t o w e ,
Joseph S. B r a d l e y ,
H orace E. S tow e ,
G eorge B. C o chran ,
H enry T ower.

Open for business every business day except Saturdays, 9 a . m . to 12 m . ; Saturdays,
9 a . m . to 12 m . ; 1 to 5 p . m . ; 6 to 8 p . m .

B alance

Sh ee t

O ctober

A ssets.

Public funds, as per schedule, .
Bank stock, as per schedule,
Loans on bank stock,
Railroad bonds, as per schedule,
Boston Terminal Co. bonds,
Real estate (for banking purp o s e s ) , ....................................
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
( n o t e s ) ,....................................
Deposits in banks, on interest, .
Deposits in banks, not on interest,
Expense account,
Real estate rents and expenses
by foreclosure,
Taxes on real estate by forec lo s u r e ,....................................
Furniture and fixtures,
Cash on hand, .
.
.
.

31, 1898.

L ia b il it ie s .

$134,050 00
67,700 00
1,000 00
128,000 00
15,000 00

43,853
4,037
545,875
8,400

62
41

44,500
40,600
96
273

00
00

00
00

Deposits, .
Guaranty fund,
Interest account,
Profit and loss account, .
Real estate rents and
expenses,
Unsettled mortgage
loan account,
Bank liquidation account, .

$987,156 89
28,400 00
4,604 36
14,909 18
490 23
3,400 00
1,450 00

75
59

4 10
183 17
5,000 00
1,837 02
$1,040,410 66

$1,040,410 66

Cash on Deposit in Banks, amount in each : —
Old Colony Trust Company, B o s t o n ,.................................... ........
Hudson National Bank, H u d son ,........................................................................

$15,000 00
25,696 75

Loans on Bank Stock, amount on each : —
8
6

shares Hudson National Bank, Hudson, M a s s . , ................................. $500 00
shares National Rockland Bank, Roxbury, M a s s .,.................................
500 00


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

No. 8 .]

269

SA V IN G S B A N K COM M ISSION ERS

Hudson Savings Bank — Continued.
Detailed Statement o f Public Funds.

Par Value.

City of Bay City, Mich., 5s,
of Brockton, Mass., 4s,
of Chelsea, Mass., 4s,
of Chicago, 111., 4s, .
of Chicopee, Mass., 4s,
of Cleveland, Ohio, 6s,
of Columbus, Ohio, 4s,
of Fall River, Mass., 5s, .
of Fall River, Mass., 6s, .
of Grand Rapids, Mich., 5s,
of Kansas City, Mo.. 4£s, .
of Malden, Mass.. 4s,
of Marlborough, Mass., 4s,
Town of Billerica, Mass., 4s. .
of Clinton, Mass., 4s,
of Melrose, Mass., 4s,
County of Washington, Me., 4s,

$5,975
25,843
5,150
5,500
4,440
5,175
7,110
5,775
2,000
5,400
11,250
5,668
11,100
11,200
12,600
10,700
10,450

$5,000
23,600
5,000
5,000
4,000
5,000
7,000
5,000
2,000
5,000
10,000
5,450
10,000
10,000
12,000
10,000
10,000
$134,050

*

Estimated
Market Value.

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

$145,336 00

Amount Invested.

$5,000
. 23,600
5,000
5,000
4,000
5,000
7,000
5,000
2,000
5,000
10,000
5,450
10,000
10,000
12,000
10,000
10,000

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

$134,050 00

Legal investments when made.

No. of
Shares.

Detailed Statement o f Bank Stocks.

23
25
25
25
25
10
50
35
25
20
25
37
4
60
60
10
52
75
50
50

Par Value.

Blackstone N ’l Bank, Boston, .
Boston N ’l Bank, Boston,
Howard Nat’l Bank, Boston, .
Market National Bank, Boston,
Merchants’ Nat’l Bank, Boston,
N ’l B’k of Commerce, Boston,
N ’l B’k of No. America, Boston,
N ’l Hide & Leather B’k, Boston,
National Union Bank, Boston,.
National Webster B’k, Boston,
North National Bank, Boston,.
Old Boston N ’l Bank, B oston,.
Shoe & Leather N ’l B’k, Boston,
State National Bank, Boston, .
Third National Bank, Boston,.
Tremont Nat’l Bank, Boston, .
First National Bank, Chelsea,.
Hudson Nat’l Bank, Hudson, .
National Citv Bank, Lynn,
People’s N ’l B’k, Marlborough,


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

$2,300
2,500
2,500
2,500
2,500
1,000
5,000
3,500
2,500
2,000
2,500
3,700
400
6,000
6,000
1,000
5.200
7,500
5,000
5,000
$68,600

Estimated
Market Value.

$1,794
2,481
2,431
1,925
3,875
1,055
5,112
3,736
3,331
2,045
2,550
4,070
408
6,705
5,355
710
5,200
9,000
7,500
5,750

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

$75,034 50

Amount Invested.

$2,200
2,500
2,500
2,000
2,500
1,000
5,000
3,500
2,500
2,000
2,500
3,700
400
6,000
6,000
700
5,200
7,500
5,000
5,000

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

$67,700 00

270

R E P O R T O F TH E

[Pub. Doc.

Hudson Savings Bank — Continued.
D etailed Statem ent o f R ailroad Bonds.

Par Value.

Bennington & Rutland R.R. 4^s,
Boston & Lowell R R. 5 s ,.
Boston & Maine R.R. 4s, .
Concord & Montreal R.R. 4s, .
Eastern R.R. 6s,
.
.
.
.
Fitchburg R.R. 4s, .
Fitchburg R.R. 5s,
Maine Central R.R. 4s,
Old Colony R.R. 4s, .
Penobscot Shore Line R.R. 4s, .
Rumford Falls & Rangeley Lakes
R.R. 5 s , ..................................................
St. Johnsbury & Lake Champlain
R.R. 5 s , ..................................................
Troy & Boston R R. 7s,
Upper Coos R.R. 4£s,

$10,000
5,000
16,000
10,000
5,000
10,000
20,000
7,000
10,000
10,000

Estimated
Market Value.

$11,300
5,050
18,000
10,800
5,937
10,575
21,300
7,385
11,000
10,500

00
00
00
00
50
00
00
00
00
00

Amount Invested.

$10,000
5,000
16,000
10,000
5,000
10,000
20,000
7,000
10,000
10,000

00
00
00
00
00
00
00
00
00
00

5,000

5,850 00

5,000 00

5,000
5,000
10,000

6,450 00
7,750 00
10,900 00

5,000 00
5,000 00
10,000 00

$128,000

$142,797 50

$128,000 00

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

Amount.
$40,600 00
17,000 00
27,500 00

Kate.

2 per cent.
4
4h

“
“

Amount.
$267,025 00
231,675 00
55,075 00

Kate.

5 per cent.
“

5h
6

“

Amount.

$750 00
750 00

Kate.

7 per cent.

7h

“

Amount invested in real estate for banking purposes,.................................... $43,853 62
Estimated value of the same...................................................................................
43,853
Assessed value of the s a m e ,.................................................................................
36,600
Net income received from same during year ending Oct. 31, 1898,
.
.
1,983
Value, by books, of other real estate, held or owned by foreclosure or
otherw ise,............................................................................................................
4,037
Assessed value of the s a m e ,.................................................................................
5,035
Number of loans which are of an amount not exceeding $3,000 each, 336
Aggregate amount of the same...............................................................................
298,375
Total number of loans upon real e s t a t e , ............................................. 365
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1 8 9 8 , ...............................................................
47,250
Times for the dividends fixed by the by-laws: third Wednesday in Jan­
uary and July.


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Federal Reserve Bank of St. Louis

62
00
14
41
00
00

62

No. 8.]

SAYINGS BANK COMMISSIONERS.

271

Hudson Savings Bank — Concluded.
Rate and amount of each semi-annual dividend f 2 per cent., $ 17,527 35 I $35,777 42
during the year ending Oct. 31, 1898,
.
. l2percent.,
18,250 07
Number of accounts opened during the year ending Oct. 31, 1898,
. 526
Number of accounts closed during the year ending Oct. 31, 1898,
. 352
Total number of open accounts Oct. 31, 1898....................................
3,163
Total expenses of the corporation for the year ending Oct. 31, 1898 (ex­
2,542 05
clusive of taxes),
..........................................................................................
Amount of deposits, not including dividends, received during the year
181,263 00
ending Oct. 31, 1 8 9 8 ,..........................................................................................
Number of s a m e , .................................................................................2,803
Amount of withdrawals, including dividends, during the year ending
151,096 67
Oct. 31, 1898............................................................................................................
Number of s a m e ,................................................................................. 2,207
Date of examination by commissioner : February 3.


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Federal Reserve Bank of St. Louis

[Pub. Doc

REPORT OF THE

272

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

Present number of corporators, 31.

B l e a k i e , 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 ,
F r e d e r i c k N. T i r r e l l ,
H e n r y S . B u nton ,
W i l l i a m J. S t u a r t ,
D a*v id P e r k i n s .

Open for business every business day, 11 a . m . to 4 p . m . ; also Saturdays, 6 to 8

p .m .

B a l a n c e S h e e t O c t o b e r 31, 1898.

A ssets.

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

L ia b il it ie s .

$5,000 00
29,516 00
101,000 00

9,128 57
285,885 00
143,063 00
27,300
4,983
2,379
865
4,065

Deposits, .
Guaranty fund,
Interest account,
Profit and loss ac­
count, .
Due on mortgage
loans, .

$545,853 34
26,221 68
11,197 56
28,754 45
1,159 50

00
75
14
14
93

$613,186 53

$613,186 53

Cash on Deposit in Banks, amount in each : —
National Exchange Bank, B o s t o n , ............................................................... $2,379 14
North National Bank, B o s t o n , .........................................................................
4,983 75


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Federal Reserve Bank of St. Louis

No. 8.]

SAVINGS BANK COMMISSIONERS

273

Hyde Park Savings Bank — Continued.
D etailed Statem ent o f P ublic F unds.

Par Value.

Town of Hyde Park, Mass., 4s,

$5,000

Estimated
Market Value.

15,025 00

Amount Invested.

$5,000 00

Ko. of
Shares.

D etailed Statem ent o f B a n k Stocks.

30
16
20
8
10
21
20
31
13
20
19
13
17
11
6
27
14

Par Value.

Boston Nat’l Bank, Boston,
Columbian N ’l Bank, Boston, .
Continental Nat’l B’k, Boston,
Freeman’s Nat’l Bank, Boston,
Hamilton Nat’l Bank, Boston,
Howard National B’k, Boston,
Merchants’ Nat’l Bank, Boston,
N ’l Bank of Commerce, Boston,
N ’l B’k of No. America, Boston,
N ’l B’k of Redemption, Boston,
N ’l B’k of the Republic, Boston,
Nat’l Exchange Bank, Boston,
N ’l Hide & Leather B’k, Boston,
North National Bank, Boston,
Second National Bank, Boston,
State National Bank, Boston, .
First N ’l Bank, Newburyport,.

$3,000
1,600
2,000
800
1,000
2,100
2,000
3,100
1,300
2,000
1,900
1,300
1,700
1,100
600
2,700
1,400
$29,600

Estimated
Market Value.

$2,977
1,552
2,400
800
1,140
2,042
3,100
3,270
1,329
2,265
2,721
1,696
1,814
1,122
1,044
3,017
1,750

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

$34,042 75

Amount Invested.

$3,000
1,600
2,000
800
1,000
2,016
2,000
3,100
1,300
2,000
1,900
1,300
1,700
1,100
600
2,700
1,400

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

$29,516 00

D etailed Statem ent o f R ailroad Bonds.

Par Value.

Boston & Albany R.R 4s,
Boston & Maine R.R. 4s, .
Boston, Winthrop & Shore R R. 5s,
Fitchburg R.R. 4^s, .
.
.
.
Fitchburg R.R. 5s,
Maine Central R.R. 7s,
St. Johnsbury & Lake Champlain
R.R. 5s.....................................................
Upper Coos R.R. 4s, .
Worcester, Nashua & Roch. R.R. 4s,


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

$11,000
5,000
5,000
8,000
10,000
29,000

Estimated
Market Value.

$11,880
5,575
5,387
8,880
10,248
39,150

00
00
50
00
75
00

Amount Invested.

$11,000
5,000
5,000
8,000
10,000
29,000

00
00
00
00
00
00

18,000
10,000
5,000

23,220 00
10,600 00
5,450 00

18,000 00
10,000 00
5,000 00

$101,000

$120,391 25

$101,000 00

[Pub. Doc.

REPORT OF THE

274

Hyde Park Savings Bank — Concluded.
Total A m ou n t o f L o a n s, with E a ch Specified R ate o f In terest.

Rate.

Amount.

$4,983 75
27,300 00
16,000 00

2

4
4£

per cent.
“

“

Amount.

$128,300 00
42,300 00

Rate.

5 per cent.
5£
“

Amount.

Rate.

$239,348 00
3,000 00

6 per cent.
6h
“

$9,128 57
Value, by books, of real estate, held or owned by foreclosure or otherwise,
9,100 00
Assessed value of the s a m e ,.................................................................................
Number of loans which are of an amount not exceeding $3,000 each, 199
238,210 89
Aggregate amount of the s a m e , ........................................................................
Total number of loans upon real e s t a t e , ............................................. 191
3,334 86
Amount of investments from which no income is received..............................
Gross amount of interest or profits received or earned, as per books,
30,662 77
during year ending Oct. 31, 1 8 9 8 , ...............................................................
Times for the dividends fixed by the by-laws: January 15 and July 15.
Rate and amount of each semi-annual dividend f 2 per cent., $9,595 69 1 19,462 26
during the year ending Oct. 31, 1898,
.
. 1 2 per cent.,
9,866 57 1
Number of accounts opened during the year ending Oct. 31, 1898,
. 486
Number of accounts closed during the year ending Oct. 31, 1898,
. 424
Total number of open accounts Oct. 31, 1898,
.
.
.
.
3,195
Total expenses of the corporation for the year ending Oct. 31, 1898 (ex­
2,432 98
clusive of taxes),
..........................................................................................
Amount of deposits, not including dividends, received during the year
191,893 54
ending Oct. 31, 1 8 9 8 ,..........................................................................................
Number of s a m e ,................................................................................. 4,474
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 8 9 8 , ...................................................................................................
191,977 20
Number of s a m e , ................................................................................. 3,635
Date of examination by commissioner: January 4.


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Federal Reserve Bank of St. Louis

No. 8.]

SAVINGS BANK COMMISSIONERS.

275

IN S T IT U T IO N FOR S A V IN G S IN N E W B U R Y P O R T A N D
IT S V IC IN IT Y — N E W B U R Y P O R T .

Incorporated Jan. 31, 1820.

Present number of corporators, 80.

E d w a r d S. M o s e l e y , President.
L a w r e n c e W . P i p e r , Treasurer.
G e o r g e F . A v e r y , Clerk o f the Corporation.

Names of committee charged with the investment of its funds :
E d w a r d S. M o s e l e y ,
H e n r y B. L i t t l e ,
W il l ia m H . Sw a s e y ,
L a w r e n c e B. C u s h in g ,
Sa m u e l M a r c h .

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

a .m .

to 1

p .m .

; 2.30 to

B a l a n c e S h e e t O c t o b e r 31, 1898.

L ia b il it ie s .

A ssets.

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

$1,304,500
829,570
15,400
1,014,000

00
00
00
00

10,000 00

Deposits, .
Guaranty fund,
Profit and loss ac­
count, .
Bank liquidation ac­
count, .

$5,857,529 27
290,000 00
103,181 68
21,097 15

4,888 31
1,127,488 00
1,644,543 75
80,500 00
239,543 27
1,374 77
$6,271,808 10

$6,271,808 10

Cash on Deposit in Banks, amount in each : —
National Bank of Redemption, Boston,
Essex National Bank, Haverhill, .
First National Bank, Newburyport,


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

$180,753 99

10,000 00
48,789 28

[Pub. Doc

R E P O R T O F TH E

276

Institution for Savings in Newburyport, etc. — Continued.
Loans on Bank Stock, amount on each: —
78
75
22
20
50

shares
shares
shares
shares
shares

Merchants’ National Bank, N ew bu ryport,.................................... $1,000 00
Fourth National Bank, B o s t o n , ......................................................
7,000
Ocean National Bank, N ew bu ryport,.............................................
900
First National Bank, N e w b u r y p o r t ,.............................................
2,000
Martha’s Vineyard National Bank, Edgartown, .
.
.
.
4,500

00
00
00
00

D etailed Statem ent o f P u blic F u n d s.

Par Value.

City of Bangor, Me., 7s, .
of Boston, Mass., 3^s,
of Boston, Mass., 4s,
of Chelsea, Mass., 4s,
of Chicopee, Mass., 4s,
of Dayton, Ohio, 5s, .
of Dover, N. H., 4s, .
of Everett, Mass , 4s,
of Haverhill, Mass., 4s,
of Holyoke, Mass., 6s,
of Lawrence, Mass., 4s, .
of Lewiston, Me., 6s,
of Lowell, Mass., 4s,
of Lynn, Mass., 3is, .
of Lynn, Mass., 4s, .
of Manchester, N. H., 4s, .
of Nashua, N. H ., 4s,
of Newburyport, Mass., 4s,
of Portsmouth, N. 11., 4 s ,.
of Salem. Mass., 4s, .
of Somerville, Mass., 4s, .
of Taunton, Mass., 4s,
of Waltham, Mass., 4s,
of Worcester, Mass., 3 £ s ,.
Town of Beverly, Mass., 4s,
of Marblehead, Mass., 4s,
of Marlborough, Mass., 4s, .
of Stoughton, Mass., 4 s ,.
of Turner’s Falls, Mass., 4s, .
County of Aroostook, Me., 4£s,
of Middlesex, Mass., 4s,
United States 3s,
.
.
.


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

$25,000
50,000
150,000
32,000
50,000
10,000
20,000
25,000
75,000
25,000
55,000
10,000
20,000
25,000
75,000
50,000
25,000
176,500
50,000
25,000
11,000
42,000
12,000
25,000
14,000
50,500
31,000
50,000
10,000
45,000
30,000
10,500

Estimated
Market Value.

$25,250
52,500
167,500
35,360
54,750
10,150
21,400
27,625
82,500
25,750
57,925
10,600
20,700
25,250
80,125
52,000
26,000
189,010
52,250
25,125
11,165
46,620
12,360
25,250
14,945
54,650
33,247
53,500
10,900
48,600
30,150
11,077

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

Amount Invested.

$25,000
50,000
150,000
32,000
50,000
10,000
20,000
25,000
75,000
25,000
55,000
10,000
20,000
25,000
75,000
50,000
25,000
176,500
50,000
25,000
11,000
42,000
12,000
25,000
14,000
50,500
31,000
50,000
10,000
45,000
30,000
10,500

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

$1,304,500 $1,394,235 00 $1,304,500 00
Legal investments when made.

No. 8 .]

277

SA Y IN G S B A N K CO M M ISSION ERS

Institution for Savings in Newburyport, etc. — Continued.

No. of
Shares.

D etailed Statem ent o f B ank Stocks.

122 Atlantic Nat’l Bank, Boston, .
750 Atlas National Bank, Boston, .
31 Blackstone N ’i Bank, Boston, .
37 Boston National Bank, Boston,
300 Columbian Nat’l B’k, Boston, .
74 Eliot National Bank, Boston, .
240 . Faneuil Hall N ’ l Bank, Boston,
100 First National Bank, Boston, .
169 Freeman’s Nat’l Bank, Boston,
142 Globe National Bank, Boston,.
250 Hamilton Nat’l Bank, Boston,
267 Howard Nat’l Bank, Boston, .
508 Market Nat’l Bank, Boston,
83 Massachusetts N ’l B ’k, Boston,
173 Merchants’ Nat’l Bank, Boston,
221 N ’l B’k of Commerce, Boston,
500 National Bank of the Com­
monwealth, Boston,
60 N ’l B ’k of No. America, Boston,
258 N ’l B’k of Redemption, Boston,
108 National City Bank, Boston, .
286 National Eagle Bank, Boston,
100 Nat’l Exchange Bank, Boston,
150 N ’l Hide & Leather B’k, Boston,
250 National Revere Bank, Boston,
208 National Union Bank, Boston,,
133 Nat’l Webster Bank, Boston, .
100 New England N ’l B’k, Boston,
302 North National Bank, Boston,
100 Old Boston Nat’l B’k, Boston,.
480 Second National Bank, Boston,
200 Shawmut Nat’l Bank, Boston,
400 Shoe & Leather N’l B’k, Boston,
69 State National Bank, Boston, .
150 Suffolk National Bank, Boston,
250 Tremont Nat’l Bank, Boston, .
353 Washington N ’l Bank, Boston,
60 Gloucester N ’l B’k, Gloucester,
14 First N ’l Bank, Newburyport,.
108 Mechanicks’ Nat’l Bank, New­
buryport,
.
.
.
.
1226 Merchants’ N at’l Bank, N ew ­
buryport,
.
.
.
.
105 Ocean N ’l B’k, Newburyport, .


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

Par Value,

Estimated
Market Value.

Amount
Invested.

$12,200
75,000
3,100
3,700
30,000
7,400
24,000
10,000
16,900
14,200
25,000
26,700
50,800
8,300
17,300
22,100

$13,664
81,750
2,418
3,672
29,100
9,620
30,180
19,500
16,900
14,200
28,500
25,965
39,116
6,225
26,815
23,315

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

50,000

28,600
10,000
15,000
25,000
20,800
13,300
10,000
30,200
10,000
48,000
20,000
40,000
6,900
15,000
25,000
35,300
6,000
1,400

72,500
6,135
29,218
540
25,168
13,050
16,012
23,000
27,716
13,599
15,200
30,804
11,000
83,520
24,400
40,800
7,710
15,900
17,750
39,800
7,800
1,750

00
00
50
00
00
00
50
00
00
25
00

10,800

12,150 00

10,800 00

24,520
5,250

26,972 00
5,250 00

24,520 00
5,250 00

$829,570

$938,688 25

$829,570 00

6,000
25,800
-

00
00
00
00
00
75
00
00
75
00
00

$12,200
75,000
3,100
3,700
30,000
7,400
24,000
10,000
16,900
14,200
25,000
26,700
50,800
8,300
17,300
22,100

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

50,000 00
6,000 00
25,800 00
-

28,600
10,000
15,000
25,000
20.800
13,300
10,000
30,200
10,000
48,000
20.000
40,000
6,900
15,000
25,000
35,300

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

6,000

00

1,400 00

[Pub. Doc.

R E P O R T O F TH E

278

Institution for Savings in Newbury port, etc. — Continued.
D etailed Statem ent o f R ailroad Bonds.

Par Value.

Boston & Albany R.R. 4s,
Boston & Lowell R.R. 4 s ,.
Boston & Maine R.R. 4s, .
Boston & Maine R.R. 4£s,
Concord & Montreal R.R. 4s, .
Dexter & Piscataquis R.R. 4s, .
Eastern R.R. 6s,
.
.
.
Fitchburg R.R. 4s,
Fitchburg R.R. 5s,
Maine Central R.R. 4s,
Maine Central, European & No.
American R.R. 4s.................................
Norwich & Worcester R.R. 4s,
Old Colony R.R. 4s, .
Penobscot Shore Line R.R. 4s, .
Vermont & Massachusetts R.R. 5s, .
Worcester, Nashua & Roch. R.R. 4s,

Estimated
Market Value.

Amount Invested.

$25,000
100,000
30,000
85,000
150,000
15,000
50,000
155,000
25,000
24,000

$27,000
108,000
33,750
105,400
162,000
15,900
59,375
162,537
25,625
25,440

00
00
00
00
00
00
00
50
00
00

$25,000
100,000
30,000
85,000
150,000
15,000
50,000
155,000
25,000
24,000

00
00
00
00
00
00
00
00
00
00

15,000
50,000
135,000
90,000
25,000
40,000

16,425
56,000
149,775
94,950
26,500
44,800

00
00
00
00
00
00

15,000
50,000
135,000
90,000
25,000
40,000

00
00
00
00
00
00

$1,014,000 $1,113,477 50 $1,014,000 00

Total A m ou nt o f L oa n s, with E ach Specified Rate o f In terest.

Amount.

$ 10 0 00

180,753 99
48,789 28
7,000 00

Kate.

per cent.
«
2|
“
0

2i

H

“

Amount.

$510,000
135,000
1,050,500
30,000

Kate.

00
00
00
00

3| per cent.
H “
4
“
a
“

Rate.

Amount.

$195,500
820,654
63,060
66,117

00
75
00
00

4^ per cent.
5
5h “
6
«

Amount invested in real estate for banking purposes,.................................... $10,000 00
Estimated value of the s a m e , ........................................................................
19,500
Assessed value of the s a m e ,.................................................................................
19,500
Value, by books, of other real estate, held or owned by foreclosure or
otherwise..................................................................................................................
4,888
Assessed value of the s a m e ,.................................................................................
5,500
Number of loans which are of an amount not exceeding $3,000 each, 485
Aggregate amount of the s a m e , ........................................................................
482,378
Total number of loans upon real e s t a t e , ............................................. 514
Amount of investments from which no income is received, .
.
.
.
100
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1 8 9 8 , ...............................................................
268,159
Times for the dividends fixed by the by-laws : fourth Wednesday in April
and October.


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

00
00
31
00
00
00
14

No. 8 .]

SA V IN G S B A N K CO M M ISSION ERS.

279

Institution for Savings in Newbury port, etc. — Concluded.
Rate and amount of each semi-annual dividend f 2 per cent., $113,092 85 j ^226,116 39
during the year ending Oct. 31, 1898,
.
1 2 per cent.,
113,023 54 i
Number of accounts opened during the year ending Oct. 31, 1898,
. 871
Number of accounts closed during the year ending Oct. 31, 1898,
. 924
Total number of open accounts Oct. 31, 1898,
.
.
.
.
11,850
Total expenses of the corporation for the year ending Oct. 31, 1898 (ex­
clusive of taxes),
.......................................................................................... 8,718 96
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 8 9 8 ,..........................................................................................
518,584 28
Number of s a m e ,................................................................................. 5,217
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1898,
..........................................................................................
679,912 60
Number of s a m e , ................................................................................. 7,922
Date of examination by commissioner: November 17.


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

280

R E P O R T O F TH E

[Pub. D oc.

IN S T IT U T IO N FOR S A V IN G S I N R O X B U R Y A N D ITS
V IC IN IT Y — BOSTON.
Incorporated Feb. 22, 1825.
J o h n D. W

Present number of corporators, 46.

R o b e r t G. M o l in e u x , Treasurer.
R o b e r t G. M o l in e u x , Clerk o f the Corporation.

il l ia m s ,

President.

Names of committee charged with the investment of its funds :
W a l t e r H . C o w in g ,
A t h e r t o n T. B r o w n ,

Joh n D . W il l ia m s ,
W i l l i a m F. D a y .

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

p .m .

; Saturdays,

B a l a n c e S h e e t O c t o b e r 31, 1898.

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,
Boston Terminal Co. bonds,
Real estate (for banking pur­
poses),
....................................
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
( n o t e s ) ,....................................
Deposits in banks, on interest, .
Cash on hand, .
.
.
.

L ia b il it ie s .

$842,750
1,460
200,934
2,700
897.000
162.000

00
00
09
00
00

13.500
2,500
3,363,540
1,604,700

00
00
43
00

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

$7,193,348 89
309,500 00
36,496 52
10,131 39

00

91,932 00
350,600 22
15,860 06
$7,549,476 80

$7,549,476 80

Cash on Deposit in Banks, amount in each : —
Boylston National Bank, Boston,....................................
National Rockland Bank, Boston,
.
.
.
.
Second National Bank, Boston,
.
.
.
.
.
Washington National Bank, Boston, .
.
.
.

.

80
77,661 20
12,229 16
247,311 06

Loan on Public Funds : —
$2,000 City of Lowell, Mass., 4 s , ....................................


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

$1,460 00

No. 8 .]

281

SA V IN G S B A N K COM M ISSION ERS

Institution for Savings in Roxbury and. its Vicinity — Continued.
Loans on Bank Stock, amount on each: —
5 shares National Rockland Bank, B o s t o n , ............................................. $200 00
30 shares Boylston National Bank, Boston,......................................................
2,500 00

D etailed Statem ent o f P u blic F u nd s.

Par Value.

City of Boston, Mass., 4s,
of Chelsea, Mass., 4s,
of Fall River, Mass., 4s, .
of Fitchburg, Mass , 4s, .
of Indianapolis, Ind., 4s, .
of Lynn, Mass , 4s, .
of Medford, Mass., 4s,
of Rutland, Vt., 4s, .
of Waterbury, Conn., 4s, .
Town of Arlington, Mass., 4s, .
of Billerica, Mass., 4s, .
of Reading, Mass., 4s, .
Countv of Hillsborough, N. H ., 4s, .
United States 4s,
.
.
.

Estimated
Market Value.

$186,000
50,000
16,000
100,000
25,000
160,000
35,000
50,000
25,000
45,000
29,000
19,000
40,000
50,000

$201,027
52,875
17,680
108,250
28,000
166,446
38,150
56,000
27,437
50,625
31,900
20,615
41,000
63,250

$830,000

$903,256 25

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

Amount Invested.

$186,000
50,000
16,000
100,000
25,000
160,000
35,000
50,000
25,000
48,000
29,000
19,000
40,000
59,750

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

$842,750 00

D etailed Statem ent o f B a n k Stocks.
OS
6 2
% CG
b
50
60
200
30
5
25
15
21
37
100
173
257
210
55
8
52
6
50
16
510

Par Value.

Atlantic Nat’l B’k, Boston,
Atlas National Bank, Boston, .
First National Bank, Boston, .
Hamilton Nat’l Bank, Boston,.
Howard Nat’l Bank, Boston, .
Market Nat’l Bank, Boston, .
N ’l B’k of Commerce, Boston,
N ’l B ’k of the Republic, Boston,
National Eagle Bank, Boston,
National Revere Bank, Boston,
Nat’l Rockland Bank, Boston,
North National Bank, Boston,.
People’s Nat’l Bank, Boston, .
Second National Bank, Boston,
Shoe & Leather N ’l B’k, Boston,
State National Bank, Boston, .
Suffolk National Bank, Boston,
Third National Bank, B oston,.
Tremont Nat’l Bank, Boston, .
Washington N ’l Bank, Boston,


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

$5,000
6,000
20,000
3,000
500
2,500
1,500
2,100
3,700
10,000
17,300
25,700
21,000
5,500
800
5,200
600
5,000
1,600
51,000
$188,000

Estimated
Market Value.

$5,600
6,540
39,000
3,420
486
1,925
1,582
3,008
3,256
9,200
21,452
26,214
25,200
9,570
816
5,811
636
4,462
1,136
57,502

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

$226,818 00

Amount Invested.

$5,000
6,000
20,000
3,580
606
2,500
2,000
2,698
4,144
10,000
19,430
25,680
21,000
5,500
872
5,993
600
. 5,000
1,600
58,729

00
00
00
00
25
00
00
87
00
00
00
47
00
00
00
00
00
00
00
50

$200,934 09

282

R E P O R T O F TH E

[Pub. D oc.

Institution for Savings in Roxbury and its Vicinity — Continued.
D etailed Statem ent o f R ailroad Bonds.

Par Value.

Boston & Albany R.R. 4s,
Boston & Lowell R.R. 4 s ,.
Boston & Maine R.R 4£s,
Concord & Claremont R.R. 4^s,
Concord & Montreal R.R. 4s, .
Danbury & Norwalk R.R. 5s, .
Fitchburg R.R. 4s,
Fitchburg R.R. 5s, .
Maine Central R.R, 4s,
Manchester & Lawrence R.R, 4s,
N ew Haven & Derby R.R. 6s, .
Old Colony R.R. 4s, .
Sullivan County R.R. 4s, .
Worcester, Nashua & Roch. R.R, 4s,

$25,000
105.000
100.000
50.000
75.000
25.000
150.000
100.000
25.000
50.000
25.000
100,000
25.000
50.000
$905,000

Estimated
Market Value.

$27,125
112,195
124.500
55,750
81,000
30.250
154.500
105.500
26,000
54.250
25,500
110,100
27,187
55.250

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

$989,107 50

Amount Invested.

$26,000
106,000
100,000
50.000
75.000
25.000
140.000
100.000
25.000
50.000
25.000
100,000
25.000
50.000

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

$897,000 00

Total A m ount o f L oa n s, with Each Specified Rate o f Interest.

Amount.

$350,600
18,432
50.000
95.000
520,000

Rate.

22
00
00
00
00

2 per cent.
3
3^
“
H
“
3|
“

Amount.

$375,000
555,750
135,500
947,200

Kate.

00
00
00
00

3J per cent.
4
“
4i
«
4£

“

Amount.

$40,500
2,102,668
136,732
87,550

Rate.

00
00
43
00

4^ per cent.
5
“
5£
“
6
“

Amount invested in real estate for banking purposes,.................................... $13,500 00
Estimated value of the same,.................................................................................
37,000
Assessed value of the s a m e ,.................................................................................
37,000
Net income received from same during year ending Oct. 31, 1898,
.
.
1,018
Value, by books, of other real estate, held or otvned by foreclosure or
o th erw ise,............................................................................................................
2,500
Assessed value of the s a m e ,.................................................................................
2,500
Net income received from same during year ending Oct. 31, 1898,
.
55
Number of loans which are of an amount not exceeding $3,000 each, 403
Aggregate amount of the s a m e , ........................................................................
694,879
Total number of loans upon real e s t a t e , ............................................. 749
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1 8 9 8 , ...............................................................
316,653
Times for the dividends fixed by the by-laws : third Wednesday in April
and October.


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

00
00
00
00
00
53
43

92

No. 8 .]

SA V IN G S B A N K COM M ISSIONERS

283

Institution for Savings in Koxbury and its Vicinity —■Concluded.
Rate and amount of each semi-annual dividend f 1^ per cent., $100,814 07
£$235,538 03
during the year ending Oct. 31, 1898,
.
1 2 percent., 134,723 96
Number of accounts opened during the year ending Oct. 31, 1898,
2,668
Number of accounts closed during the year ending Oct. 31, 1898,
2,439
Total number of open accounts Oct. 31, 1898,
.
.
.
.
17,470
Total expenses of the corporation for the year ending Oct. 31, 1898 (ex­
14,781 06
clusive of taxes).....................................................................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 8 9 8 ,.......................................................................................... 1,357,444 58
Number of same...................................................................................... 17,929
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 8 9 8 , ................................................................................................... 1,421,786 87
Number of s a m e , ................................................................................. 18,410
Date of examination by commissioner : July 8.


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

284

R E P O R T OF TH E

[Pub. D oc

IP S W IC H S A V IN G S B A N K — IP S W IC H .

Incorporated March 20, 1869.

Present number of corporators, 24.

J o s e p h Ross, President.
T h e o d o r e F. C o g s w e l l , Treasurer.
T h e o d o r e F. C o g s w e l l , Clerk o f the Corporation.

Names of committee charged with the investment of its funds:
R o ber t Jo r d a n ,
J o sh u a B. G r a n t ,
T h o m a s H. L o r d ,
C h a r l e s A. S a y w a r d ,
T h e o d o r e F. C o g s w e l l .

Open for business every business day, 8.30 a .m . to 12.30
3 to 5 p . m .

p .m . ;

also Saturdays,

B a l a n c e S h e e t O c t o b e r 31, 1898.

A ssets.

Public funds, as per schedule, .
Bank stock, as per schedule,
Railroad bonds, as per schedule,
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
(notes).........................................
Loans on depositors’ books,
Deposits in banks, on interest, .
Cash on hand, .
.
.
.

L ia b il it ie s .

$102,000
53,610
91,656
2,275
329,905
4,152

00
00
25
00
64
00

9,400
60
17,243
1,981

00
00
27
70

Deposits, .
Guaranty fund,
Interest account,
Bank liquidation ac­
count, .

$612,283 86

$585,591 93
18,550 00
7,788 13
353 80

$612,283 86

Cash on Deposit in Banks, amount in each : —
Fourth National Bank, B o s t o n ,...................................................... .........
.
First National Bank, I p s w i c h , ........................................................................
First National Bank, S alem ,.................................................................................
Merchants’ National Bank, S a l e m , ................................................................


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

$10,438
2,635
1,432
2,737

11
02
77
37

No. 8 .]

SA Y IN G S B A N K COM M ISSION ERS

285

Ipswich Savings Bank — Continued.
D etailed Statem ent o f Public Fiends.

Par Value.

City of Boston, Mass., 4 s ,.
of East Saginaw, Mich., 4£s,
of Haverhill, Mass., 4s,
of Keene, N. H., 5s, .
of Lewiston, Me., 5s,
of Lynn, Mass., 4s, .
of Northampton, Mass., 4s,
of Providence, R. I., 5s, .
of Salem, Mass., 4s, .
United States 4s,
.
.
.

.

$10,000
5,000
35,000
2,500
2,000
5,000
12,500
5,000
20,000
5,000
$102,000

Estimated
Market Value.

$11,300
5,200
36,025
2,500
2,240
5,350
12,812
5,150
21,077
6,350

00
00
00
00
00
00
50
00
50
00

$108,005 00

Amount Invested.

$10,000
5,000
35,000
2,500
2,000
5,000
12,500
5,000
20,000
5,000

00
00
00
00
00
00
00
00
00
00

$102,000 00

Ko. of
Shares.

D etailed Statem ent o f B a n k Stocks.

10
7
18
12
25
10
20
36
4
30
25
5
24
40
4
5
23
15
8
63
43
19
122
13
27
21

Par Value.

Atlas National Bank, Boston, .
Blackstone N ’l Bank, Boston,.
Eliot National Bank, Boston, .
Freeman’s Nat’l Bank, Boston,
Globe Nat’l Bank, Boston,
Hamilton Nat’l Bank, Boston,.
Howard National Bank, Boston,
Merchants’ Nat’l Bank, Boston,
N ’l B ’k of Commerce, Boston,
N ’l B’k of Redemption, Boston,
N ’l B’k of the Republic, Boston,
National Revere Bank, Boston,
Nat’l Union Bank, Boston,
New England N ’l B’k, Boston,
Second Nat’l Bank, Boston,
Tremont Nat’l Bank, Boston. .
Gloucester N ’l B’k, Gloucester,
First Nat’l Bank, Ipswich,
N ’l Grand Bank, Marblehead,
Asiatic National Bank, Salem,
First National Bank, Salem, .
Mercantile Nat’l Bank, Salem,
Merchants’ Nat’l Bank, Salem,
Nat’l Exchange Bank, Salem,
Naumkeag Nat’l Bank, Salem,
Salem National Bank, Salem,


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

$1,000
700
1,800
1,200
2,500
1,000
2,000
3,600
400
3,000
2,500
500
2,400
4,000
400
500
2,300
1,500
800
1,890
4,300
1,900
6,100
1,300
2,700
2,100
$52,390

Estimated
Market Value.

$1,090
546
2,340
1,200
2,500
1,140
1,945
5,580
422
3,397
3,581
460
3,198
6,080
696
355
2,990
1,500
920
1,764
3,612
1,938
7,930
1,040
3,240
1,932

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

$61,396 00

Amount Invested.

$1.000
700
1,800
1,200
2,500
1,000
2,000
3,600
400
3,000
2,500
500
2,400
4,000
400
500
2,300
1,500
800
1,890
4,300
1,900
7,320
1,300
2,700
2,100

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

$53,610 00

286

R E P O R T O F TH E

[Pub. Doc.

I p s w i c h S a v in g s B a n k — Concluded.
D etailed Statem ent o f R ailroad Bonds.

Par Value.

Bennington & Rutland R.R. 4£s,
Boston & Lowell R.R. 4 s ,.
Boston & Lowell R R. 4<|s,
Boston & Lowell R.R. 5 s ,.
Concord & Montreal R.R. 4s, .
Maine Central R.R. 4£s, .
Old Colony R.R. 4s, .

Estimated
Market Value.

$10,000
10,000
1,000
10,000
15,000
25,000
20,000

$11,300
10,400
1,042
10,150
16,200
27,625
22,400

00
00
50
00
00
00
00

$91,000

$99,117 50

Amount Invested.

$10,656
10,000
1,000
10,000
15,000
25,000
20,000

25
00
00
00
00
00
00

$91,656 25

Total A m ou n t o f L oa n s, w ith E ach Specified R ate o f Interest.

Amount.
$6,805 16
10,438 11
6,000 00

Rate.
2 per cent.
2è
“

3|

Amount.
$5,000 00
27,700 00

Rate.
4 per cent.

5

“

Amount.
$38,908 00
265,909 64

Rate.
5^ per cent.
6

“

Value, by books, of real estate, held or owned by foreclosure or otherwise,
$2,275 00
Assessed value of the s a m e ,.................................................................................
2,500 00
Net income received from same during year ending Oct. 31, 1898,
.
.
151 40
Number of loans which are of an amount not exceeding $3,000 each, 430
Aggregate amount of the same..............................................................................
288,342 64
Total number of loans upon real e s t a t e , ............................................. 410
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1 8 9 8 , ...............................................................
29,860 54
Times for the dividends fixed by the by-laws: fourth Wednesday in Jan­
uary and July.
Rate and amount of each semi-annual dividend f 2 per cent., $10,990 45 | ^ 075 09
during the year ending Oct. 31, 1898,
.
1 2 per cent., 11,084 64 1
’
Number of accounts opened during the year ending Oct. 31, 1898,
. 214
Number of accounts closed during the year ending Oct. 31, 1898,
. 226
Total number of open accounts Oct. 31, 1898,
.
.
.
.
2,088
Total expenses of the corporation for the year ending Oct. 31, 1898 (ex­
clusive of taxes),
.
.................................................................................
2,14762
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1898...............................................................................................
76,768 81
Number of s a m e , ................................................................................. 1,429
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 8 9 8 , ...................................................................................................
86,399 13
Number of s a m e , ................................................................................. 1,456
Date of examination by commissioner: February 11.


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

No. 8.]

287

SA V IN G S B A N K COM M ISSION ERS

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.

Present number of corporators, 41.

F. E. C l a k k e , President.
W i l l i a m W . S p a l d i n g , Treasurer.
W il l i a m W . S p a l d in g , Clerk o f the Corporation.

Names of committee charged with the investment of its funds:
J ohn R. P oor ,
R . H. T e w k s b u r y ,
L e w is G. H o l t ,
A. E. M a c k ,
W il l ia m W . S p a l d i n g .

Open for business every business day, 9

B

ala n ce

Sh

ee t

a .m .

O

to 1 p . m . ; also Saturdays, 7 to 8 p .m .

cto ber

L ia b il it ie s .

A ssets.

Public funds, as per schedule, .
Bank stock, as per schedule,
Loans on bank stock,
Railroad bonds, as per schedule,
Real estate (for banking pur­
poses), ....................................
Loans on real estate, .
Loans on personal security,
Loans on depositors’ books,
Deposits in banks, on interest, .
Expense account,
Cash on hand, .
.
.
.

31, 1898.

$263,700
74,900
23,280
216,000

00
00
00
00

33,000
835,120
120,475
200
49,807
1,659
6,926

00
00
00
00
37
98
81

Deposits. .
Guaranty fund,
Interest account,

$1,625,069 16

$1,535,266 33
42,500 00
47,302 83

$1,625,069 16

Cash on Deposit in Banks, amount in each: —
Arlington National Bank, L a w r e n c e ,............................................................... $29,807 37

Pacific National Bank, Lawrence,........................................................................

20,000 00

Loans on Bank Stock, amount on each: —
5 shares Pacific National Bank, Lawrence, .
80 shares Methuen National Bank, Methuen,
21
shares Bay State National Bank, Lawrence, .
10 shares Lawrence National Bank, Lawrence, .
160 shares Arlington National Bank, Lawrence, .


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

$380 00
8,000 00

900 00
14,000 00

288

R E P O R T O F TH E

[Pub. D oc

L a w r e n c e S a v in g s B a n k — Continued.
D etailed Statem ent o f P u blic F unds.

Par Value.

City of Akron, Ohio, 5s, .
of Bay City, Mich., 4s,
of Belfast, M e., 4s, .
of Bridgeport, Conn., 4s, .
of Chelsea, Mass., 4s,
of Concord, N. H., 4s,
of Dayton, Ohio, 5s, .
of Detroit, Mich., 4s,
of Fall River, Mass , 4s, .
of Fall River, Mass., 6s, .
of Grand Rapids, Mich., 4£s,
of Keene, N. II., 4s, .
of Lowell, Mass., 4s,
of Medford, Mass , 4s,
of Milwaukee, W is., 5s, .
of Minneapolis, Minn., 4£s,
of Nashua, N. H ., 4s,
of New London, Conn., 4s,
of Portsmouth, N. H , 4s, .
of Quincy, Mass., 4s,
of Rockford, 111, 4£s,
of Rutland, V t., 4s, .
of Saginaw, Mich., 4£s,
of Springfield, Ohio, 6s, .
of Waltham, Mass , 4s,
Town of Danvers, Mass., 4s,
of Lincoln, R. 1 , 4s,
of Wakefield, Mass ,4 s ,.
County of Aroostook, Me., 4£s,
of Rockingham, N. H., 4s,

.

.

$14,200
10,000
15,000
5,000
10,000
7,000
10,000
5,000
20,000
2,000
5,000
11,000
1,000
7,000
14,500
10,000
5,000
5,000
15,000
5,000
7,000
5,000
5,000
4,000
5,000
3,000
20,000
15,000
20,000
3,000
$263,700

*

Estimated
Market Value.

$14,363
10,350
15,975
5,500
10,400
7,547
10,387
5,631
20.850
2,280
5,475
11,587
1,027
7,805
14,841
11,450
5,418
5,575
15,975
5,493
7,490
5,400
5,218
4,045
5,006
3,210
20,305
15,434
21,550
3,270

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

$278,857 00

Amount Invested.

$14,200
10,000
15,000
5,000
10,000
7,000
10,000
5,000
20,000
2,000
5,000
11,000
1,000
7,000
14,500
10,000
5,000
5,000
15,000
5,000
7,000
5,000
5,000
4,000
5,000
3,000
20,000
15,000
20,000
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

$263,700 00

Legal investments when made.

| Ko. of
1 Shares.

D etailed Statem ent o f B a n k Stocks.

20
20
55
24
16
95
15

Par Value.

Atlas National Bank, Boston, .
Blackstone Nat’l B’k, Boston,.
Central National Bank, Boston,
Eliot National Bank, Boston, .
First Ward N ’l Bank, B oston,.
Fourth National Bank, Boston,
Howard Nat’l Bank, Boston, .


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

$2,000
2,000
5,500
2,400
1,600
9,500
1,500

Estimated
Market Value.

$2,180
1,560
6,545
3,120
2,080
11,210
1,458

00
00
00
00
00
00
75

Amount Invested.

$2,000
2,000
5,500
2,400
1,600
9,500
1,500

00
00
00
00
00
00
00

No. 8 .]

SA V IN G S B A N K COM M ISSION ERS

289

Lawrence Savings Bank — Continued.

No. of
Shares.

D etailed Statem ent o f B an k S tock s— Concluded.

56
20
27
54
23
10
103
59
54
58
20
20
10

Market National Bank, Boston,
Merchants’ N’l Bank, Boston, .
N’l Bank of Commerce, Boston,
National Bank of the Commonwealth, Boston,
N ’l B’k of No. America, Boston,
National City Bank. Boston, .
N’l Hide & Leather B’k, Boston,
National Webster B’k, Boston,
State National Bank, Boston, .
Third National Bank, Boston,.
Tremont Nat’l Bank, Boston, .
Arlington N ’l Bank, Lawrence,
Lawrence N ’l Bank, Lawrence,

Par Value.

Estimated
Market Value.

$5,600
2,000
2,700

$4,312 00
3,100 00
2,848 50

5,400
2,300
-

10,300
5,900
5,400
5,800
2,000
2,000
1,000
$74,900

7,830
2,351
50
10,995
6,032
6,034
5,176
1,420
2,300
1,180

00
75
00
25
75
50
50
00
00
00

$81,785 00

Amount Invested.

$5,600 00
2,000 00
2,700 00
5,400 00
2,300 00
-

10,300
5,900
5,400
5,800
2,000
2,000
1,000

00
00
00
00
00
00
00

$74,900 00

D etailed Statem ent o f R ailroad Bonds.

Par Value.

Boston & Albany R.R. 5s,
Boston & Lowell R R. 4 s ,.
Boston & Maine R.R. 4s, .
Boston & Maine R.R 44s,
Boston, Winthrop & Shore R.R. 5s, .
Concord & Montreal R.R. 4s, .
Fitchburg R.R. 4s, .
Fitchburg R.R 5s,
Maine Central R.R. 4s,
Maine Central and European & North
American R.R 4 s ,.
Old Colony R R. 44s,
Portland & Ogdensburg R.R. 6s,
Portsmouth, Great Falls & Conway
R .R .44 s .........................................
Vermont & Massachusetts R.R. 5s, .


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

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

Estimated
Market Value.

$10,550
52,112
32,000
31,000
16,200
10,800
5,350
20,800
10,500

00
00
00
00
00
00
00
00
00

Amount Invested.

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

00
00
00
00
00
00
00
00
00

5,000
20,000
5,000

5,450 00
21,500 00
5,200 00

5,000 00
20,000 00
5,000 00

5,000
6,000

6,100 00
6,360 00

5,000 00
6,000 00

$216,000

$233,922 00

$216,000 00

[Pub. D oc

R E P O R T O F TH E

290

Lawrence Savings Bank — Concluded.
Total A m ou nt o f L oa n s, with E ach S pecified R ate o f Interest.

Rate.

Amount.

$5,000
29,807
15.000
20.000

00
37
00
00

24 per cent.

3è
3|

ii

“
“

Rate.

Amount.

$10,000
15.000
35.000
720,735

00
00
00
00

4| per cent.
44
“
4|
“
5
“

Rate.

Amount.

$20,380
155,460
1,700
800

00
00
00
00

54 per cent.
6
“
64
“
7

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, 1898,
Number of loans which are of an amount not exceeding $3,000 each,. 309
Aggregate amount of the s a m e , ........................................................................
Total number of loans upon real e s t a t e , ............................................. 363
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1898,
.
.
.
....................................
Times for the dividends fixed by the by-laws: January 1 and July 1.
Rate and amount of each semi-annual dividend c 2 per cent., $27,045 69 1
during the year ending Oct. 31, 1898, .
.
t 2 per cent., 28,667 22 3
Number of accounts opened during the year ending Oct. 31, 1898,
1,126
Number of accounts closed during the year ending Oct. 31, 1898,
1,121
Total number of open accounts Oct. 31, 1898,
.
.
.
.
4,024
Total expenses of the corporation for the year ending Oct. 31, 1898 (ex­
clusive of taxes),...................................................................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 8 9 8 , ..........................................................................................
Number of s a m e , ................................................................................. 6,958
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 8 9 8 , ...................................................................................................
Number of same,
.................................... 4,016
Date of examination by commissioner: March 24.


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

$33,000
35,000
26,875
1,465

00
00
00
08

437,020 00

74,560 56
55,712 91

5,391 15
445,815 84

407,083 10

No. 8.]

291

SA V IN G S B A N K CO M M ISSION ERS.

L E E S A V IN G S B A N K — L E E .

Incorporated March 5, 1852.

Present number of corporators, 43.

C h a r l e s C . B e n t o n , President.
J o h n L. K il b o n , Treasurer.
J o h n L. K il b o n , Clerk o f the Corporation.

Names of committee charged with the investment of its funds:
C h a r l e s C. B en ton,
C . C. H o l c o m b e ,
D eW it t S. S m i t h .

Open for business every business day except Saturdays, 9
9 a . m . to 12.30 p . m .

a

.m .

to 3 p

.m .

; Saturdays,

B a l a n c e S h e e t O c t o b e r 31, 1898.

A ssets.

Public funds, as per schedule, .
Bank stock, as per schedule,
Loans on bank stock,
Railroad bonds, as per schedule,
Loans on railroad bonds, .
Loans on railroad stock, .
Boston Terminal Co. bonds,
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
(notes), ....................................
Loans on depositors’ books,
Deposits in banks, on interest, .
Deposits in banks, not on interest,

L ia b il it ie s .

$54,886
161,720
4,520
101,875
600
600
20,425
9,970
267,295
179,210

25
00
00
00
00
00
00
00
00
82

9,000
3,235
37,167
15,797

00
00
77
81

$866,302 65

Deposits, .
Guaranty fund,
Profit and loss ac­
count, .
Bank liquidation ac­
count, .

$793,816 12
39,500 00
30,866 03
2,120 50

$866,302 65

Cash on Deposit in Banks, amount in each : —
Lee National Bank, L e e , .................................................................................$15,797 81
Pynchon National Bank, Springfield....................................................................
7,000
6,770
Springfield National Bank, S p r i n g f i e l d ,......................................................
Hampden Loan and Trust Company, S p r i n g f i e l d ,....................................
6,000
Springfield Safe Deposit and Trust Company, Springfield, .
.
.
.
17,396


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

00
88
00
89

*

292

REPORT OF THE

[Pub. D oc.

Lee Savings Bank — Continued.
Loans on Bank Stock, amount on each : —
3 shares
4 shares
8 shares
10 shares
10 shares
10 shares
5 shares

Lee National Bank, L e e , ............................................... $220
Lee National Bank, L e e , .........................................
300
Lee National Bank, L e e , .........................................
800
National Security Bank, Boston.....................................
700
Berkshire Loan and Trust Company, Pittsfield, .
.
.
.
1,000
Berkshire Loan and Trust Company, Pittsfield..........
Berkshire Loan and Trust Company, Pittsfield,
.
.
.
.

00
00
00
00
1,000 00
00
500 00

Loan on Railroad Bonds : —
$600 New York, New Haven & Hartford R .R . 4s............................................ $600 00
Loan on Railroad Stock : —
6

shares New York, New Haven & Hartford R . R . , ................................ $600 00

Detailed Statement o f Publie Funds.
Estimated
Market Value.

Par Value.

City of Boston, Mass., 5s,
of Boston, Mass., 6s,.
of Springfield, Mass., 4s, .
Town of Rockingham, V t., 4s, .
District of Columbia 5s, .
State of Massachusetts ¿¿s,
United States 5s,
.
.
.

$1,000
10,000
10,000
2,500
10,000
5,000
15,000
$53,500

$1,127
11,000
10,600
2,537
10,050
5,300
16,762

50
00
00
50
00
00
50

$57,377 50

Amount Invested.

$1,000
10,000
10,000
2,500
10,000
5,306
16,080

00
00
00
00
00
25
00

$54,886 25

No. of
Shares.

D etailed Statem ent o f B an k Stocks.

60
40
10
30
30
20
100
10
30
60
20
100
50

Estimated
Market Value.

Par Value.

First National Bank, Adams, .
First National Bank, Amherst,
Atlantic Nat’l Bank, Boston, .
Atlas National Bank, Boston, .
Continental N ’l Bank, Boston,
Everett Nat’l Bank, Boston, .
First National Bank, Boston, .
Hamilton N ’l Bank, Boston, .
Massachusetts N ’l B ’k, Boston,
N ’l B’k of Commerce, Boston,
National Bank of the Commonwealth, Boston,
N ’l B’k of No. America, Boston,
N ’l B ’k of Redemption, Boston,


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

$6,000
4,000
1,000
3,000
3,000
1,000
10,000
1,000
3,000
6,000

$7,500
6,000
1,120
3,270
3,600
800
19,500
1,140
2,250
6,330

2,000
10,000
5,000

2,900 00
10,225 00
5,662 50

«

00
00
00
00
00
00
00
00
00
00

Amount Invested,

$7,000
5,000
1,000
3,000
3,000
1,000
10,000
1,000
3,000
6,000

00
00
00
00
00
00
00
00
00
00

2,000 00
10,000 00
5,000 00

No. 8 .]

293

SA V IN G S B A N K CO M M ISSION ERS

Lee Savings Bank — Continued.

No. of
Shares.

D etailed Statem ent o f B an k Stocks — Concluded.

30
70
70
26
26
20
30
30
40
20
100
70
20
90
40
40
30
20
40
30
30
10
75

Par Value.

N ’l B’k of the Republic, Boston,
National Eagle Bank, Boston,.
N ’l Hide & Leather B’k, Boston,
National Revere Bank, Boston,
National Webster B’k, Boston,
State National Bank, Boston, .
Winthrop Nat’l Bank, Boston,
City N ’l B’k, Bridgeport,Conn.,
Birmingham National Bank,
* Derby, Conn.,
National Mahaiwe Bank, Great
Barrington, .
.
.
.
Lee National Bank, Lee, .
Adams Nat’l Bank, No. Adams,
Agricultural N ’l B ’k, Pittsfield,
Pittsfield Nat’l B’k, Pittsfield,.
Berkshire Loan and Trust Co.,
Pittsfield,
.
.
.
.
Agawam N ’l Bank, Springfield,
Chicopee N ’l B’k, Springfield,
First N ’l Bank, Springfield,
Pynchon N’l B’k, Springfield,.
Second Nat’l B ’k, Springfield,.
Springfield N ’l B’k, Springfield,
Third N ’l Bank, Springfield, .
Housatonic National Bank,
St ockbri dge, .
.
.
.

$3,000
7,000
7,000
2,600
2,600
2,000
3,000
3,000
4,000

Estimated
Market Value.

$4,297
6,160
7,472
2,392
2,658
2,235
4,080
4,500

50
00
50
00
50
00
00
00

6,600 00

Amount Invested.

$3,000
7,000
7,000
2,600
2,600
2,000
3,000
3,000

00
00
00
00
00
00
00
00

4,000 00

2,000
10,000
7,000
2,000
9,000

2,600
15,000
8,960
6,000
13,500

00
00
00
00
00

2,501
10,173
7,000
5,285
11,000

88
12
00
00
00

4,000
4,000
3,000
2,000
4,000
3,000
3,000
1,000

5,080
2,200
4,650
2,240
5,600
3,900
4,350
2,200

00
00
00
00
00
00
00
00

4,000
4,000
4,000
2,000
4,000
3,000
3,400
2,160

00
00
00
00
00
00
00
00

7,500

10,500 00

8,000 00

$150,700

$197,473 00

$161,720 00

D etailed Statem ent o f R ailroad Bonds.
Estimated
Market Value.

Amount Invested.

$25,000
20,000
10,000

$26,750 00
21,600 00
13,500 00

$25,000 00
20,000 00
10,000 00

20,000
25,000

22,600 00
28,250 00

21,875 00
25,000 00

$100,000

$112,700 00

$101,875 00

Par Value.

Boston & Lowell R.R. 4 s ,.
Concord & Montreal R.R. 4s, .
Maine Central R.R. 7s,
New York, New Haven & Hartford
R.R. 4 s , ..................................................
Old Colony R.R, 4s, .


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

294

[Pub. D oc

R E P O R T O F TH E

Lee Savings Bank — Concluded.
Total A m ou n t o f L oan s, w ith E ach Specified Rate o f Interest.

Amount.

$38,167 77

7,500 00

Rate.

4 per cent.
44 “

Amount.

Rate.

$361,765 00

5 per cent.

Amount.
$94,195 82

Rate.
6 per cent.

Value, by books, of real estate, held or owned by foreclosure or otherwise,
$9,970 00
Assessed value of the s a m e ,.................................................................................
9,375 00
Net income received from same during year ending Oct. 31, 1898,
402 89
Number of loans which are of an amount not exceeding $3,000 each, 251
Aggregate amount of the s a m e , ........................................................................
214,350 00
Total number of loans upon real e s t a t e , ............................................. 227
Amount of investments from which no income is received, .
.
.
.
7,600 00
Gross amount of interest or profits received or earned, as per books, during
year ending Oct. 31, 1 8 9 8 ,.................................................................................
42,284 84
Times for the dividends fixed by the by-laws: May 31 and November 30.
Rate and amount of each semi-annual dividend $ 2 per cent., $14,886 89 )
30,011 68
during the year ending Oct. 31, 1898,
.
•c 2 per cent.,
15,124 79 >
Number of accounts opened during the year ending Oct. 31, 1898,
. 294
Number of accounts closed during the year ending Oct. 31, 1898,
. 244
Total number of open accounts Oct. 31, 1898,
.
.
.
.
2,293
Total expenses of the corporation for the year ending Oct. 31, 1898 (ex­
clusive of taxes).....................................................................................................
4,696 54
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 8 9 8 ,..........................................................................................
115,854 48
Number of s a m e , .................................................................................1,855
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1898............................................................................................................
123,060 53
Number of s a m e , ................................................................................. 1,369
Date of examination by commissioner: November 21.


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

No. 8 .]

295

SA V IN G S B A N K CO M M ISSION ERS.

L E IC E S T E R SA V IN G S B A N K — L E IC E S T E R .

Incorporated April 17, 1869.

Present number of corporators, 36.

D e x t e r K n i g h t , President.
P a r k m a n T . D e n n y , Treasurer.
H e r b e r t E . C u r r i e r , Clerk o f the Corporation.

Names of committee charged with the investment of its funds:
C h arles A . D en n y,
J o h n N. M u r d o c k ,
T h e o d o r e E. W o od c o c k ,
A lo n zo B. D a v id s o n ,
D e x t e r K n ig h t ,
R o b e r t S. O l n e y ,
H e n r y L. W a t s o n .

Open for business every business day except Saturdays, 9
Saturdays, 9 a . m . to 1 p .m .

a .m.

to 1 p .m . ; 2 to 4 p . m . ;

B a l a n c e S h e e t O c t o b e r 31, 1898.

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 real estate, .
Loans on personal security,
Loans to counties, cities or towns
( n o t e s ) ,....................................
Deposit in bank, on interest,
Expense account,
Premium account,

$200,000
1,000
41,956
6,427
66,000
226,589
44,930

00
00
65
50
00
66
00

62,292
14,493
379
1,371

00
69
12
27

$665,439 89

Deposits, .
Guaranty fund,
Interest account,
Bank liquidation ac­
count, .

$625,993 42
24,279 36
14,389 79
777 32

$665,439 89

Cash on Deposit in Bank : —
Leicester National Bank, L e i c e s t e r ,............................................................... $14,493 69
Loan on Public Funds : —
$1,000 United States 4 s ,.


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

$ 1,000 00

296

[Pub. Doc

R E PO R T O F TH E

Leicester Savings Bank — Continued.
Loans on Bank Stock, amount on each : —
12 shares Leicester National Bank, Leicester...................................................... $850 00
50 shares Springfield Safe Deposit and Trust Company, Springfield, .
.
5,000 00
10 shares Spencer National Bank, Spencer,......................................................
577 50

Detailed Statement o f Public Funds.

Par Value.

City of Bay City, Mich., 4s,
of Boston, Mass,, 4 s ,.
of Chelsea, Mass., 4s,
of Cleveland, Ohio, 4s,
of Columbus, Ohio, 4s,
of Dayton, Ohio, 4s, .
of Fall River, Mass., 6s, .
of Kansas City, Mo., 4£s, .
of Latyrence, Mass., 4s, .
of Lowell. Mass., 4 s,
of Lynn, Mass., 4s, .
of Manchester, N. H., 6s, .
of New Britain, Conn., 4s,
of Waltham, Mass., 4s,
of Waterbury, Conn., 4s, .
of Worcester, Mass., 4Js, .
Town of Braintree, Mass., 4s, .
of Clinton, Mass., 4s,
of Great Barrington, Mass., 4s,
of Holbrook, Mass , 4s, .
of Leicester, Mass.. 4s, .
of No. Attleborough, Mass., 4s,
of Orange, Mass., 4s,
of Randolph, Mass., 4s, .

$15,000
5,000
5,000
5,000
10,000
5,000
1,000
8,000
10,000
10,000
9,000
1,000
5,000
12,000
5,000
4,000
5,000
11,000
5,000
10,000
12,000
5,000
18,000
24,000
$200,000

*

Estimated
Market Value.

$16,050
5,000
5,075
5,100
10,500
5,100
1,025
9,000
10,350
10,950
9,990
1,080
5,250
12,840
5,125
4,180
5,525
11,250
5,575
10,950
12,797
5,525
19,300
26,280

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

$213,817 50

Amount Invested.

$15,000
5,000
5,000
5,000
10,000
5,000
1,000
8,000
10,000
10,000
9,000
1,000
5,000
12,000
5,000
4,000
5,000
11,000
5,000
10,000
12,000
5,000
18,000
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

$200,000 00

Legal investments when made.

! No. of
Shares.

Detailed Statement o f Bank Stocks.

10
30
25
15
20
12

Par Value.

Continental N ’l Bank, Boston,
Eliot National Bank, Boston, .
Howard Nat'l Bank, Boston, .
Market National Bank, Boston,
Nat’l Bank of the Commonwealth, Boston,
N ’l B’k of No. America, Boston,


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

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

Estimated
Market Value.

$1,200
3,900
2,431
1,155

00
00
25
00

2,900 00
1,227 00

Amount Invested.

$1,150
3,610
2,150
975

00
00
00
00

2,100 00
1,346 00

No. 8 .]

297

SA V IN G S B A N K COM M ISSION ERS.

Leicester Savings Bank — Continued.

No. of
Shares.

Detailed Statement o f Bank Slocks — Concluded.

50
10
20
20
50
72é
6
5
25

Par Value.

N ’l Hide & Leather B ’k, Boston,
National Revere Bank, Boston,
National Webster B’k, Boston,
North Nat’l Bank, Boston,
State National Bank, Boston, .
Leicester Nat’l Bank, Leicester,
Millbury N ’l Bank, Millbury, .
Oxford Nat’l Bank, Oxford, .
Central Nat’l Bank, Worcester,

$5,000
1,000
2,000
2,000
5,000
7,250
600
500
2,500
$37,050

Estimated
Market Value.

$5,337
920
2,045
2,040
5,587
10,875
630
510
3,250

50
00
00
00
50
00
00
00
00

$44,008 25

Amountlnvested.

$5,954
900
2,000
2,425
5,397
9,298
600
525
3,525

40
00
00
00
50
75
00
00
00

$41,956 65

Detailed Statement o f liailroad Bonds.

Par Value.

Boston & Lowell R.R. 4 s ,.
Boston & Maine R.R. 4s, .
Boston & Providence R.R. 4s, .
Eastern R.R. 6s,
.
.
.
.
Fitchburg R.R. 4s, .
Fitchburg R.R 5s, .
Maine Central R R. 4s,
Old Colony R.R. 4s, .
Upper Coos R.R. 4 s ,.
Vermont & Massachusetts R.R. 5s, .

$7,000
20,000
5.000
3.000
4.000
3.000
4.000
5.000
5.000
10,000
$66,000

Estimated
Market Value.

$7,330
22,400
5,500
3,562
4,080
3,075
4,240
5,600
5,000
10,600

00
00
00
50
00
00
00
00
00
00

$71,387 50

Amount Invested.

$7,000
20,000
5.000
3.000
4.000
3.000
4.000
5.000
5.000
10,000

00
00
00
00
00
00
00
00
00
00

$66,000 00

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

Amount.

$14,493 69
66,522 00

Rate.

3 per cent.
4


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

“

Amount.

$34,000 00
192,516 50

Rate.

4£ per cent.
5
«

Rate.

Amount.

$4,500 00
43,700 66

per cent.
6

298

R E P O R T O F TH E

[Pub. D oc

Leicester Savings Bank — Concluded.
Number of loans -which are of an amount not exceeding $3,000 each, 201
Aggregate amount of the same.............................................................................. $195,961 66
Total number of loans upon real e s t a t e , ............................................. 194
Gross amount of interest or profits received or earned, as per books,
28,478 23
during year ending Oct. 31, 1 8 9 8 , ...............................................................
Times for the dividends fixed by the by-laws: June 1 and December 1.
Rate and amount of each semi-annual dividend f 2 per cent, $11,731 20 1 23,697 19
during the year ending Oct. 31, 1898,
.
1 2 per cent.,
11,965 99 I
Number of accounts opened during the year ending Oct. 31, 1898,
. 157
Number of accounts closed during the year ending Oct. 31, 1898,
. 125
Total number of open accounts Oct. 31, 1898,
.
.
.
.
1,285
Total expenses of the corporation for the year ending Oct. 31, 1898 (ex­
1,364 63
clusive of taxes),
..........................................................................................
Amount of deposits, not including dividends, received during the year
72,786 91
ending Oct. 3 1 ,1 8 9 8 ,..........................................................................................
Number of same............................................................................................... 753
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1898............................................................................................................
Number of s a m e , .......................................................................................... 852
Date of examination by commissioner: April 7.


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

86,379 41

No. 8 .]

S A Y IN G S B A N K CO M M ISSION ERS.

299

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

Incorporated April 4, 1890.

Present number of corporators, 9.

H e n r y S e d g w i c k , President.
E d w a r d M c D o n a l d , Treasurer.
M . A . B r o w n , Clerk o f the Corporation.

Names of committee charged with the investment of its funds:
T h o m a s P ost ,
W . D . C u r t is ,

H e n r y Se d g w i c k ,
L . C. P e te rs.

Open for business every business day except Saturdays, 9 a .m . to 3
9 a . m . t o 12 M .

p .m .

; Saturdays,

B a l a n c e S h e e t O c t o b e r 31, 1898.

A ssets.

Bank stock, as per schedule,
Loans on bank stock,
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, .
Deposits in banks, not on interest,
Expense account,

L ia b il it ie s .

$40,503
500
15,637
135,965
8,800

00
00
50
00
00

10,500
15,073
3,674
10

00
38
02
50

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

$230,663 40

$222,979 26
2,718 09
2,614 39
2,351 66

$230,663 40

Cash on Deposit in Banks, amount in each : —
Lenox National Bank, Lenox,
....................................
Springfield National Bank, Springfield,
Springfield Safe Deposit and Trust Company, Springfield,

$3,674 02
5,058 59
10,014 79

Loan on Bank Stock: —

5 shares Lenox National Bank, Lenox,


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

$500 00

300

R E P O R T O F TH E

[Pub. D oc

Lenox Savings Bank — Concluded.

No. of
Shares.

D eta iled Sta tem en t o f B a n k Stock s.

25
35
15
20
19
10
14
10
9
10
10
20
24
12
18

Par Value.

Lee National Bank, L e e ,.
Lenox National Bank, Lenox,
Palmer Nat’l Bank, Palmer, .
Agricultural N ’l B’k, Pittsfield,
Pittsfield N ’l Bank, Pittsfield,.
Chapin N’ l Bank, Springfield,
Chicopee N ’l B’k, Springfield,
City National B’k, Springfield,
John Hancock National Bank,
Springfield, .
.
.
.
Pynchon N ’l B’k, Springfield,.
Second N ’l Bank, Springfield,
Springfield N ’l B’k, Springfield,
Third Nat’l Bank, Springfield,
Housatonic N ’l B’k, Stockb’dge,
Mechanics’ N ’l B’k, Worcester,

Estimated
Market Value.

00
00
00
00

$4,189
4,220
2,300
5,005
2,980
1,550
2,424
1,550

00
00
00
00
00
00
00
00

00
00
00
00
00
00
00

1,170
1,475
1,550
3,000
5,280
2,010
1,800

00
00
00
00
00
00
00

$2,500
3,500
1,500

$3,750 00
4,375 00
2,175 00

2 ,0 0 0

6 ,0 0 0 00

1,900
1,000
1,400
1,000

2,850
1,250
2,170
1,450

900
1,000
1,000
2,000
2,400
1,200
1,800

990
1,400
1,300
2,900
5,280
1,680
1,530

$25,100

Amount Invested.

$39,100 00

$40,503 00

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

Amount.
$25,573 38

Kate.

4 per cent.

Amount.
$107,580 00

Kate.

5 per cent.

Amount.
$37,685 00

Kate.

6 per cent.

Number of loans which are of an amount not exceeding $3,000 each,
40
$47,465 00
Aggregate amount of the s a m e , ........................................................................
Total number of loans upon real e s t a t e , ............................................. 51
Gross amount of interest or profits received or earned, as per books,
9,942 00
during year ending Oct. 31, 1 8 9 8 , ...............................................................
Times for the dividends fixed by the by-laws: first Tuesday in January
and July.
Rate and amount of each semi-annual dividend f 2 per cent., $3,678 28 ]
7,632 07
during the year ending Oct. 31, 1898,.
.
1 2 per cent., 3,953 79 J
Number of accounts opened during the year ending Oct. 31, 1898,
. 121
Number of accounts closed during the year ending Oct. 31, 1898,
. 73
Total number of open accounts Oct. 31, 1 8 9 8 , .................................... 701
Total expenses of the corporation for the year ending Oct. 31, 1898 (ex­
565 89
clusive of taxes),
..........................................................................................
Amount of deposits, not including dividends, received during the year
51,368 87
ending Oct. 31, 1898...............................................................................................
Number of s a m e , ..........................................................................................819
Amount of withdrawals, including dividends, during the year ending
32,900 74
Oct. 31, 1 8 9 8 , ...................................................................................................
Number of s a m e , ..........................................................................................387
Date of examination by commissioner: November 22.


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

N o. 8 .]

301

S A Y IN G S B A N K COM M ISSIONERS

L E O M IN S T E R S A V IN G S B A N K — L E O M IN ST E R .
Incorporated March 16, 1865.

Present number of corporators, 35.

J. G . T e n n e y , President.

A. L. B u r d it t , Treasurer.
A . L. B u r d it t , Clerk o f the Corporation.

Names of committee charged with the investment of its funds:
H a m il t o n M a y o ,
D . C. N ic k e r s o n ,
CHARLE8 C. B o YDEN,
A. L. BURDITT,
C lesson K e n n e y .

Open for business every business day except Saturdays, 9
Saturdays, close at 12 m .

a .m .

to 12 m . ; 1 to 3 p . m . ;

B a l a n c e S h e e t O c t o b e r 31, 1898.

L ia b il it ie s .

A ssets.

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

$122,500
55,820
4,500
29.500
700

00
00
00
00
00

Deposits, .
Guaranty fund,
Interest account,

$1,131,787 33
57,500 00
29,197 23

20,000 00
719,352 06
166,897 83
50.500
450
41,384
6,880

00
00
43
24

$1,218,484 56

$1,218,484 56

Cash on Deposit in Bank : —
Leominster National Bank, Leominster............................................................... ........

43

Loans on Bank Stock, amount on each : —
25 shares Leominster National Bank, L e o m i n s t e r ,.................................... $2,500 00
25 shares Central National Bank, L y n n , ......................................................
2,000 00
Loan on Railroad Stock: —
5 shares Boston & Albany R . R . , ........................................................................ $700 00


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

[Pub. D oc

R E P O R T O F TH E

302

Leominster Savings Bank — Continued.
Detailed Statement o f Public Funds.

Par Value.

City of Brockton, Mass., 4s,
of Chicago, 111., 4s, .
of Fall River, Mass , 4s, .
of Manchester, N. H ., 4s, .
of Meriden, Conn., 4s,
of Newton, Mass., 4s,
of Quincy, Mass., 4s,
Town of Leominster, Mass., 4s,
of Peabody, Mass., 4s, .
of Reading, Mass., 4s, .

$8,000
25,000
7,500
10,000
10,000
15,000
10,000
21,000
6,000
10,000
$122,500

Estimated
Market Value.

Amount Invested.

$8,240
26,000
7,500
10,875
10,200
17,118
10,400
21,815
6,830
10,450

$8,000
25,000
7,500
10,000
10,000
15,000
10,000
21,000
6,000
10,000

00
00
00
00
00
75
00
00
00
00

$128,428 75

00
00
00
00
00
00
00
00
00
00

$122,500 00

No. of
Shares.

D eta iled S ta tem en t o f B a n k Stock s.

3
62
15
27
20
25
61
10
9
20
30
17
50
1

80
160
20

Estimated
Market Value.

Amount Invested.

$300
6,200
1,500
2,700
2,000
2,500
6,100
1,000
900

$234
6,153
1,815
3,213
2,400
3,250
6,100
770
949

00
50
00
00
00
00
00
00
50

$255
4,960
1,500
2,700
2,000
2,500
5,480
600
900

00
00
00
00
00
00
00
00
00

2,000
3,000
1,700
5,000
100
8,000
16,000
2,000

2,900
3,067
1,496
5,112
186
8,000
18,400
2,440

00
50
00
50
00
00
00
00

2,000
2,550
1,275
5,000
100
6,000
16,000
2,000

00
00
00
00
00
00
00
00

Par Value.

Blackstone N ’l Bank, Boston, .
Boston National Bank, Boston,
Boylston Nat’l Bank, Boston, .
Central N ’l Bank, Boston,
Continental N ’l Bank, Boston,
Eliot National Bank, Boston, .
Globe National Bank, Boston,
Market Nat’l Bank, Boston, .
N ’ l B’k of Commerce, Boston,
National Bank of the Common­
wealth, Boston,
N ’l B’k of No. America, Boston,
National Eagle Bank, Boston,
Nat’l Webster Bank, Boston, .
Winthrop N ’l Bank, Boston, .
Safety Fund N ’l B’k, Fitchburg,
Leominster N ’l B’k, Leominster,
Crocker N ’l B ’k, Turner’s Falls,


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

$61,000

$66,437 00

$55,820 00

No. 8 .]

303

SA V IN G S B A N K COM M ISSION ERS.

Leominster Savings Bank — Concluded.
D etailed Statem ent o f R ailroad Bonds.

Boston & Maine R.R. 4s, .
Fitchburg R.R. 4s,
Fitchburg R.R. 5s, .

Par Value.

Estimated
Market Value.

Amount Invested.

$15,000
10,000
5,000

$15,500 00
10,000 00
5,500 00

$15,000 00
9,500 00
5,000 00

$30,000

$31,000 00

$29,500 00

Total A m ou n t o f L oa n s, w ith E ach Specified Rate o f Interest.

Amount.

$41,384 43
50,500 00

Kate.

2 per cent.
4
“

Amount.

Kate.

Amount.

$608,530 00
36,400 00

5 per cent.
5h
“

$246,969 89

Rate.

6 per cent.

Amount invested in real estate for banking purposes,.................................... $20,000 00
Estimated value of the s a m e , ........................................................................
20,000
Assessed value of the s a m e ,.................................................................................
17,000
Net income received from same during year ending Oct. 31, 1898,
.
.
1,170
Number of loans which are of an amount not exceeding $3,000 each,
421
Aggregate amount of the s a m e , ........................................................................
436,774
Total number of loans upon real e s t a t e , ............................................. 442
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1 8 9 8 , ...............................................................
57,148
Times for the dividends fixed by the by-laws: January 1 and July 1.
Rate and amount of each semi-annual dividend f 2 per cent., $20,055 28 )
^ ^
during the year ending Oct. 31, 1898,
.
. 1 2 per cent.,
20,925 76)
’
Number of accounts opened during the year ending Oct. 31, 1898,
. 610
Number of accounts closed during the year ending Oct. 31, 1898,
. 312
Total number of open accounts Oct. 31, 1898,
.
.
.
.
3,629
Total expenses of the corporation for the year ending Oct. 31, 1898 (ex­
clusive of taxes),
..........................................................................................
2,976
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 8 9 8 ,..........................................................................................
234,874
Number of s a m e , ............................................................... ........
3,008
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 8 9 8 , ...................................................................................................
193,643
Number of s a m e ^ ................................................................................. 2,712
Date of examination by commissioner: February 17.


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

00
00
98
89

11
^

93
68

00

304

R E P O R T O F TH E

[Pub. Doc

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.
B r a d l e y C. W

h it c h e r ,

A

Present number of corporators, 33.

President.

u g ustus

J a m e s E . C r o n e , Treasurer.
E . S c o t t , Clerk o f the Corporation.

Names of committee charged with the investment of its funds :
L e o n a r d A . Sa v i l l e ,
L yman L aw ren ce,
B r a d l e y C. W h it c h e r .

W a l t e r W e l l in g t o n ,
E d w i n S . S p a u l d in g ,
G e o r g e W . S p a u l d in g .

Open for business Wednesdays, 3.30 to 6

p .m .

; Saturdays, 3.30 to 7

p .m .

B a l a n c e S h e e t O c t o b e r 31, 1898.

A ssets.

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

L ia b il it ie s .

$52,750
35.000
2,000
41.000
2,000
10.000

00
00
00
00
00
00

6,557
11,933
209,457
32,680

52
56
50
00

25,000
160
16,699
102
2,435

00
00
84
50
74

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

$425,829 90
16,600 00
2,764 26
2,582 50

$447,776 66

$447,776.66

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

.

$16,699 84

Loan on Public Funds : —
$26,000
1.000
1.000
1.000
9.000

City
City
City
City
City

of Fall River, Mass., 4s, .
of Detroit, Mich., 7s, .
of Manchester, N. H., 4s, .
of St. Louis, Mo., 4s,
of Marlborough, Mass., 4s,


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

OI
‘ I

. ¡- $35,000 00
I

•I
•J

No. 8 .]

305

SA V IN G S B A N K CO M M ISSION ERS.

Lexington Savings Bank — Continued.
Loan on Bank Stock: —
15 shares Merchants’ National Bank, B o s t o n , ............................................. i
10 shares National Bank of North America, B o s t o n ,.................................... j
Loan on Railroad Bonds : —
$2,000 Eastern R .R . 6 s ,..........................................................................................$2,000 00

D etailed Statem ent o f P u blic F u n d s .

Par Value.

City of Cleveland, Ohio, 5s,
of Concord, N. H., 4s,
of Malden, Mass,, 4s,
of Milwaukee, W is., 5s, .
of Newton, Mass., 4s,
Town of Lexington, Mass., 4 s ,.
County of Aroostook, Me., 4£s,
State of Massachusetts 3s,

Estimated
Market Value.

$5,300
5,500
2,140
5,425
17,250
10,950
5,325
5,100

$5,000
5,000
2,000
5,000
15,000
10,000
5,000
5,000
$52,000

Amount Invested.

00
00
00
00
00
00
00
00

$5,000
5,000
2,000
5,000
15,750
10,000
5,000
5,000

$56,990 00

00
00
00
00
00
00
00*
00

$52,750 00

* A legal investment when made.

D etailed Statem ent o f R ailroad Bonds.

Par Value.

Boston & Lowell R.R. 4 s ,.
Boston & Maine R.R. 4£s,
Concord & Montreal R.R. 4s, .
Conn. & Passumpsic Rivers R.R. 4s,
Maine Central R.R. 4<|s, .
Old Colony R R. 4s, .
Portland & Ogdensburg R.R. 6s,

$6,000
10,000
5.000
5.000
5.000
5.000
5.000
$41,000

Estimated
Market Value.

$6,390
12,350
5,400
5,575
5,500
5,475
5,150

Amount Invested.

00
00
00
00
00
00
00

$45,840 00

$6,000
10,000
5.000
5.000
5.000
5.000
5.000

00
00
00
00
00
00
00

$41,000 00

Total A m ount o f L oa n s, with E ach Specified B ate o f Interest.

Amount.

$16,699 84
10,000 00
35,000 00

Rate.

2£ per cent.
3
“
4
»


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

Amount.

$5,000 00
28,000 00
62,805 00

Rate.

4i| per cent.
4|
“
5
“

Amount.

$7,800 00
157,692 50

Rate.

5^ per cent.
6

306

R E P O R T O F TH E

[Pub. D oc

Lexington Savings Bank — Concluded.
Amount invested in real estate for banking purposes................................. $6,557
52
Estimated value of the same,.......................................................................
7,500
00
Assessed value of the s a m e ,.......................................................................
7,500
00
Net income received from same during year ending Oct. 31, 1898,
.
.
I l l 45
Value, by books, of other real estate, held or owned by foreclosure or
o th e r w is e ,..................................................................................................
11,933
56
Assessed value of the s a m e ,.......................................................................
13,200
00
Number of loans which are of an amount not exceeding $3,000 each, 109
Aggregate amount of the s a m e , ........................................................................
155,297 50
Total number of loans upon real e s t a t e , ............................................. 100
Amount of investments from which no income is received, .
.
.
.
7,234 54
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1 8 9 8 , ...............................................................
20,727 63
Times for the dividends fixed by the by-laws : third Wednesday in April
and October.
Rate and amount of each semi-annual dividend f 2 per cent.,
$7,612 95 1 jg
,9
during the year ending Oct. 31, 1898,
.
1 2 per cent.,
7,980 57 i
’
Number of accounts opened during the year ending Oct. 31, 1898,
. 172
Number of accounts closed during the year ending Oct. 31, 1898,
. 86
Total number of open accounts Oct. 31, 1898,
.
.
.
.
1,430
Total expenses of the corporation for the year ending Oct. 31, 1898 (ex­
clusive of taxes), ...................................................................................................
1,008 70
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 8 9 8 ,..........................................................................................
79,687 30
Number of s a m e , ...........................................................................................1,270
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1898............................................................................................................
66,021 31
Number of s a m e , ............................................................................................. 990
Date of examination by commissioner: January 12.


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

No. 8 .]

307

SA V IN G S B A N K CO M M ISSION ERS

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

Incorporated April 12, 1854.
W

il l ia m

Present number of corporators, 60.

S. S o u t h w o r t h , President.
A u s t in K . C h a d w i c k , Treasurer.
A u s t in K. C h a d a v ic k , Clerk o f the Corporation.

Names of committee charged with the investment of its funds:
G e o r g e F. P e n n im a n ,
A r t h u r St a p l e s ,
S a m u e l H . T h o m p so n ,

A l b io n C. T a y l o r ,
A u s t in K . C h a d a v ic k ,
G e o r g e L. H o o p e r .

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 c t o b e r 31, 1898.

A ssets.

L ia b il it ie s .

Public funds, as per schedule, .
Bank stock, as per schedule,
Loans on bank stock,
Railroad bonds, as per schedule,
Real estate (for banking 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, .
Howland Mills Corp. stock,*
Columbia Spinning Co. stock,* .
Suspense account,
Cash on hand, .
.
.
.

$76,300
170,820
15,600
120,000

00
00
00
00

65,000 00
1,236,823 00
571,008 13
5,200
82,606
6,387
35,433
276
1,130

Deposits, .
Guaranty fund,
Profit and loss ac­
count, .
Bank liquidation ac­
count, .

$2,230,802 95
100,000 00
53,220 75
2,562 35

00
85
50
32
39
86

$2,386,586 05

$2,386,586 05

* Taken to secure indebtedness.
Cash on Deposit in Banks, amount in each: —
National Bank of the Commonwealth, Boston, .
Prescott National Bank, Low ell,....................................
Middlesex Safe Deposit and Trust Company, Lowell,
Appleton National Bank, Lowell,
.
.
.
.


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

$815 38
46,791 47
10,000 00

25,000 00

308

R E P O R T O F TH E

[Pub. D oc

Low ell Five Cents Savings Bank — Continued.
Loans on Bank Stock, amount on each: —
3 shares Old Lowell National Bank, L o w e l l ,.............................................. 1

15 shares First National Bank, L o w e l l , .......................................................>
15 shares Railroad National Bank, Lowell,...................................................... J
44 shares Merchants’ National Bank, Lowell, .
.
.
.
.
. f
9
10

shares Prescott National Bank, L ow ell,..................................................>
shares Railroad National Bank, Lowell,..................................................
1 share Blackstone National Bank, B o s t o n ,.............................................. ]
1 share Webster National Bank, B o s t o n , ............................................... j
26 shares Prescott National Bank, Low ell,........................................................ j
4 shares Old Boston National Bank, B o s t o n ,.............................................. J
7 shares Old Lowell National Bank, L o w e l l , ........................................... 1
23 shares Prescott National Bank, Lowell,........................................................ I
14 shares Appleton National Bank, L o w e l l , .............................................. J
5 shares Railroad National Bank, Lowell,......................................................

$ 2,200 00
5,300 00

200 00
3,000 00

4,400 00
500 00

D etailed Statem ent o f P u blic F u n d s.

Par Value.

City of Lowell, Mass., 4s,
of Saginaw, Mich , 4s,
Town of Billerica, Mass., 4s,
United States 3s,
.
.
.

.

Estimated
Market Value.

$30,000
20,000
25,000
1,300

$31,050
22,000
28,000
1,365

$76,300

$82,415 00

00
00
00
00

Amount Invested.

$30,000
20,000
25,000
1,300

00
00
00
00

$76,300 00

Ko. of
Shares.

D etailed Statem ent o f B a n k Stocks.

44
33
40
52
70
50
20
5
31
60
50
20
40
10
40
20
90

Par Value.

Atlas National Bank, Boston, .
Blackstone Nat’l Bank, Boston,
Boston National Bank, Boston,
Boylston Nat’l Bank, Boston, .
Continental N ’l Bank, Boston,.
Eliot National Bank, Boston, .
Everett National Bank, Boston,
Faneuil Hall Nat’l B’k, Boston,
Freeman’s N ’l Bank, Boston, .
Globe National Bank, Boston,
Hamilton Nat’l Bank, Boston,.
Howard Nat’l Bank, Boston, .
Lincoln Nat’l Bank, Boston, .
Merchants’ N ’l Bank, Boston, .
N ’l Bank of Commerce, Boston,
National Bank of the Commonwealth, Boston,
N ’l B’k of No. America, Boston,


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

$4,400
3,300
4,000
5,200
7,000
5,000
1,000
500
3,100
6,000
5,000
2,000
4,000
1,000
4,000
2,000
9,000

Estimated
Market Value.

$4,796
2,574
3,970
6,292
8,400
6,500
800
628
3,100
6,000
5,700
1,945
2,620
1,550
4,220

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

2,900 00
9,202 50

Amount Invested.

$4,400
3,300
4,000
5,200
7,000
5,000
1,000
500
3,100
6,000
5,000
2,000
4,000
1,000
4,000

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

2,000 00
9,000 00

No. 8 .]

309

SA Y IN G S B A N K CO M M ISSION ERS

Lowell Five Cents Savings Bank — Continued.

No. of
Shares.

D etailed Statem ent o f B ank Stocks — Concluded.

100
10
50
30
17
51
18
40
5
25
5
60
20
61
35
20
85
35
100
135
78
20

Par Value.

N ’l B’k of Redemption, Boston,
N ’l B’k of the Republic, Boston,
National City Bank, Boston, .
National Eagle Bank, Boston,
Nat’l Exchange Bank, Boston,
N ’l Hide & Leather B’k, Boston,
National Revere Bank, Boston,
National Union Bank, Boston,.
North National Bank, Boston,
Second National Bank, Boston,
Shawmut Nat’l Bank, Boston,.
Shoe & Leather N ’l B’k, Boston,
State National Bank, Boston, .
Suffolk National Bank, Boston,
Tremont Nat’l Bank, Boston, .
Washington Nat’l B’k, Boston,
First National Bank, Lowell, .
Merchants’ Nat’l B’k, L o w ell,.
Old Lowell Nat’l B’k, Lowell,
Prescott Nat’l Bank, Lowell, .
Railroad Nat’l Bank, Lowell, .
Wamesit Nat’l Bank, Lowell, .

$10,000
1,000
-

3,000
1,700
5,100
1,800
4,000
500
2,500
500
6,000
2,000
6,100
3,500
2,000
8,500
3,500
10,000
13,500
7,800
2,000
$161,500

Estimated
Market Value.

Amount Invested.

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

$10,000 00
1,000 00

$185,869 50

$170,820 00

$11,325
1,432
250
2,640
2,218
5,444
1,656
5,330
510
4,350
610
6,120
2,235
6,466
2,485
2,255
12,580
5,250
12,000
17,010
9,984
2,520

-

3,000
1,700
5,100
1,800
4,000
500
2,500
500
6,000
2,000
6,100
3,500
2,000
11,305
3,500
12,075
16,740
9,000
2,000

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

D etailed Statem ent o f R ailroad Bonds.
\
Par Value.

Boston & Lowell R.R. 4 s ,.
Fitchburg R R. 4s, .
Fitchburg R R. 5s, .
Maine Central R.R. 4^s, .
Norwich & Worcester R.R. 4 s ,.


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

$20,000
20,000
40.000
15.000
25.000
$120,000

Estimated
Market Value'.

$22,400
21.500
43,125
16.500
27.500

00
00
00
00
00

$131,025 00

Amount Invested.

$20,000
20,000
40.000
15.000
25.000

00
00
00
00
00

$120,000 00

310

R E P O R T O F TH E

[Pub. D oc.

Low ell Five Cents Savings Bank — Concluded.
Total A m ou n t o f L oan s, w ith E ach Specified Rate o f Interest.

Amount.

$7,553
815
46,791
25.000
90.000

Rate.

13
38
47
00
00

per cent.
“
“
si
“
3|
“
0

2
2i

Amount.
$73,500
95,200
90,000
251,500
23,600

Rate.

00
00
00
00
00

31

4

44

4i
4|

per cent.
“

“
“
«

Amount.
$1,092,118
5,000
32,350
77,810

Rate.

00 5 per cent.
00 54
“
00 oh
“
00 6
“

Amount invested in real estate for banking purposes,.................................... $65,000 00
Estimated value of the same..................................................................................
65,000 00
Assessed value of the same, .
.
...............................................................
56,420 00
Net income received from same during year ending Oct. 31, 1898,
.
.
560 78
Number of loans which are of an amount not exceeding $3,000 each, 414
Aggregate amount of the s a m e , ........................................................................
545,123 00
Total number of loans upon real e s t a t e , ............................................. 478
Amount of investments from which no income is received, .
.
.
.
7,553 13
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1 8 9 8 , ...............................................................
102,389 16
Times for the dividends fixed by the by-laws: first Saturday in January
and July.
Rate and amount of each semi-annual dividend f 2 per cent., $39,580 99 1 Sj.
during the year ending Oct. 31, 1898,
.
1 2 per cent.,
40,567 80 i
’
Number of accounts opened during the year ending Oct. 31, 1898,
2,179
Number of accounts closed during the year ending Oct. 31, 1898,
1,976
Total number of open accounts Oct. 31, 1898,
.
.
.
.
9,589
Total expenses of the corporation for the year ending Oct. 31, 1898 (ex
elusive of t a x e s ) , .......................................................................................... 7,19165
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 8 9 8 ,..........................................................................................
441,629 41
Number of s a m e , ................................................................................. 12,924
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 8 9 8 , ...................................................................................................
369,712 19
Number of same...................................................................................... 6,825
Date of examination by commissioner: May 19.


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

No. 8 .]

311

SA Y IN G S B A N K CO M M ISSION ERS

L O W E L L IN S T IT U T IO N FOR S A V IN G S — L O W E L L .

Incorporated Feb. 20, 1829.

Present number of corporators, 50.

A . S t . J ohn 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 S. M o tl ey ,
F r e d e r ick T a y l o r ,
J am es W . B. S h a w ,
G eorge J. C a r n e y ,
John J. C olton .

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 a l a n c e S h e e t O c t o b e r 31, 1898.

L ia b il it ie s .

A ssets.

$65,000 00
173,200 00
18,100 00

Public funds, as per schedule, .
Bank stock, as per schedule,
Loans on bank stock,.
Real estate (for banking pur­
poses), ....................................
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
(notes), ....................................
Deposits in banks, on interest, .
Reconstruction account, .

20,334 06
2,169,235 30
1,532,922 99^

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

$4,897,329 70
241,644 23
20,779 03
100,000 01

1,189,350 00
75,000 00|
16,610 61
$5,259,752 97

$5,259,752 97

Cash on Deposit in Banks, amount in each: —
Merchants’ National Bank, Lowell,
Wamesit National Bank, Lowell, .

$0 00|
75,000 00

Loans on Bank Stock, amount on each : —
140 shares Wamesit National Bank, Lowell,
10 shares Prescott National Bank, Lowell, .
31 shares Railroad National Bank, Lowell,
44 shares First National Bank, Lowell,
12 shares Prescott National Bank, Lowell, .


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

$9,000 00
3,500 00
4,400 00
1,200 00

[Pub. D oc.

R E P O R T O F TH E

312

Lowell Institution for Savings — Continued.
D etailed Statem ent o f P u blic F unds.

Par Value.

District of Columbia 5s,

Estimated
Market Value.

Amount Invested.

$65,000 00

$65,000 00

$65,000

.

No. of
Shares.

D etailed Statem ent o f B a n k Stocks.

142
344
174
161
473
160
107
171

Estimated
Market Value.

Par Value.

Columbian Nat’l B’k, Boston, .
Merchants’ N ’l Bank, Boston, .
National Eagle Bank, Boston,
New England N ’l B’k, Boston,
Second Nat’l Bank, Boston,
First National Bank, Lowell, .
Merchants’ N ’l Bank, L o w e ll,,
Railroad Nat’l Bank, Lowell, .

$13,774
53,320
15,312
24,472
82,302
23,680
16,050
21,888

$14,200
34,400
17,400
16,100
47,300
16,000
10,700
17,100
$173,200

Amount Invested.

00
00
00
00
00
00
00
00

$250,798 00

$14,200
34,400
17,400
16,100
47,300
16,000
10,700
17,100

00
00
00
00
00
00
00
00

$173,200 00

Total A m ou nt o f L oa n s, with E ach Specified Bate o f Interest.

Amount.

$187,890
100,000
75,000
116,000
169,800
65,500

Rate.

50
00
00
00
00
00

2 per cent.
24
“
2i
“
3
“
H
“
3|
“

Rate.

Amount.

$150,000
36.000
12.000
1,500,550
73,900
558,650

00
00
00
00
00
00

3|
3£

per cent.

o_5 5
¿100

4
44
4h

<i

“
“

Rate.

Amount.

$216,500
75.000
1,582,217
50.000
12.000
3,600

00
00
80
00
00
00

4| per cent.
4£|
“
5
5|
5à
“
6

Amount invested in real estate for banking purposes,.................................... $20,334 06
Estimated value of the same,.................................................................................
20,334
Assessed value of the s a m e ,.................................................................................
42,350
Net income received from same during year ending Oct. 31, 1898,
.
.
2,186
Number of loans which are of an amount not exceeding $3,000 each, 139
Aggregate amount of the s a m e , ........................................................................
208,047
Total number of loans upon real e s t a t e , ............................................. 236
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1 8 9 8 , ...............................................................
224,025
Times for the dividends fixed by the by-laws : first Saturday in May and
November.


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

06
00
63
15

11

No. 8 .]

SA V IN G S B A N K COM M ISSION EKS.

313

Low ell Institution for Savings — Concluded.
Rate and amount of each semi-annual dividend f 2 per cent., $91,603 36 ) $184,283
during the year ending Oct. 31, 1898,
.
. 1 2 per cent., 92,680 22 1
Number of accounts opened during the year ending Oct. 31, 1898,
1,470
Number of accounts closed during the year endingOct. 31, 1898,
1,478
Total number of open accounts Oct. 31, 1898,
.
.
.
.
11,779
Total expenses of the corporation for the year ending Oct. 31, 1898 (ex­
14,101
clusive of taxes),
..........................................................................................
Amount of deposits, not including dividends, received during the year
673,863
ending Oct. 31, 1898..............................................................................................
Number of s a m e , ..........................................................................9,631
Amount of withdrawals, including dividends, during the year ending
748,697
Oct. 31, 1 8 9 8 , ...................................................................................................
Number of s a m e , ........................................................................12,488
Date of examination by commissioner: April 11.


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

58

53
00

38

314

REPORT OF THE

[Pub. D oc

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.

Present number of corporators, 39.

G eorge D. G r e e n , President.
G eorge A . B i r n ie , Treasurer.
G eorge A . B i r 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 ,
W . S. Co l w e l l ,
E. E. F u l l e r ,
A . H . H a lf o r d ,
M . H . Lyons.

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 l a n c e S h e e t O c t o b e r 31, 1898.

A ssets.

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

L ia b il it ie s .

$1,100
3,102
58,952
10,864

00
50
00
00

1,000
11,776
141
53
423

00
97
18
15
01

Deposits, .
Guaranty fund,
Interest account,

$87,412 81

$86,009 61
1,175 74
227 46

$87,412 81

Cash on Deposit in Banks, amount in each : —
Pynchon National Bank, Springfield, .
.
.
.
.
Springfield National Bank, Springfield,
.
.
.
.
Springfield Safe Deposit and Trust Company, Springfield, .


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

$3,551 71
4,352 93
3,872 33

No. 8 .]

SA Y IN G S B A N K

COM M ISSION ERS.

315

L u d lo w S a v in g s B a n k — Concluded.

No. of
Shares.

D etailed Statem ent o f B a n k Stocks.

10

Par Value.

City National Bank, Holyoke,.

$1,000

Estimated
Market Value.

$1,050 00

Amount Invested.

$1,100 00

D etailed Statem ent o f R ailroad Bonds.

Connecticut River R.R. 4s,
Fitchburg R.R. 5s,

Par Value.

Estimated
Market Value.

$1,000
2,000

$1,060 00
2,020 00

$1,000 00
2,102 50

$3,000

$3,080 00

$3,102 50

Amount Invested.

Total A m ou nt o f L oa n s, w ith E a ch Specified R ate o f Interest.

Amount.

$11,776 97
27,850 00

Kate.

4 per cent.
5

Amount.

$15,900 00

Kate.

5£ per cent.

Amount.

$27,066 00

Rate.

6 per cent.

Number of loans which are of an amount not exceeding $3,000 each,
94
$67,316 00
Aggregate amount of the same...............................................................................
Total number of loans upon real e s t a t e , ............................................. 68
Gross amount of interest or profits received or earned, as per books, during
4,274 36
year ending Oct. 3 1 ,1 8 9 8 ,.................................................................................
Times for the dividends fixed by the by-laws : April 1 and October 1.
Rate and amount of each semi-annual dividend! 2 per cent., $1,527 34 ?
3,042 35
during the year ending Oct. 31, 1898,
.
. ( 2 per cent.,
1,515 01
Number of accounts opened during the year ending Oct. 31, 1898,
. 172
Number of accounts closed during the year ending Oct. 31, 1898,
. 153
Total number of open accounts Oct. 31, 1 8 9 8 , .................................... 653
Total expenses of the corporation for the year ending Oct. 31, 1898 (ex­
783 33
clusive of taxes).....................................................................................................
Amount of deposits, not including dividends, received during the year
34,123 04
ending Oct. 31, 1898..............................................................................................
Number of same...................................................................................... 1,528
Amount of withdrawals, including dividends, during the year ending
35,845 42
Oct. 31, 1898............................................................................................................
Number of s a m e , ..........................................................................................630
Date of examination by commissioner : August 25.


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

316

R E P O R T O F TH E

[Pub. Doc

L Y N N F IV E CENTS S A V IN G S B A N K — L Y N N .

Incorporated May 15,1855.
R

o l l in

Present number of corporators, 71.

E. H a r m o n , President.
H e n r y E. N e w h a l l , Treasurer.
H e n r y E. N e w h a l l , Clerk o f the Corporation.

Names of committee charged with the investment of its funds:
R o l l in E . H a r m o n ,
C h a r l e s H. N e w h a l l ,
J a m e s S. N e w h a l l ,
R ufus K i m b a l l ,
H enry A. P evear.

Open for business every business day, 9 a . m . to 1 p . m . ; also Saturdays, 3 to 6

p .m .

B a l a n c e S h e e t O c t o b e r 31, 1898.

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, .
Boston Terminal Co. bonds,
Real estate (for banking pur­
poses), ....................................
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
(notes).........................................
Deposits in banks, on interest, .
Deposits in banks, not on interest,
Expense account,
.
.
.
.
Tax titles, .
Cash on hand, .
.
.
.

L ia b il it ie s .

$163,862
777.000
151,133
25,775
180.000
296.000
100.000

50
00
97
00
00
00
00

33,661
4,203
1,199,304
807,051

99
53
45
00

4,000
165,171
88
3,623
57
7,562

00
07
24
38
84
58

Deposits, .
Guaranty fund,
Profit and loss ac­
count, .
Interest on mortgages
held as collateral, .
Bank liquidation ac­
count, .

$3,918,495 55

$3,602,059 61
179,000 00
136,247 70
28 50
1,159 74

$3,918,495 55

Cash on Deposit in Banks, amount in each: —
Market National Bank, B o s to n ,.................................... ........
Merchants’ National Bank, Boston.....................................................................
National Bank of the Republic, B o s t o n , ......................................................
National City Bank, L y n n ,.................................................................................


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

f 178
88
113,098
51,894

72
24
25
10

No. 8 .]

S A V IN G S B A N K COM M ISSION ERS

317

Lynn Five Cents Savings Bank — Continued.
Loans on Public Funds, amount on each: —
$10,000 Andover, Mass., 4 s , ........................................................................
1.000 Clinton, Mass., 4 s , .................................................................................
2.000 Milton, Mass., 4 s , .................................................................................
7.000 Concord, Mass., 4 s , ........................................................................ }■ $98,000 00
48.000 Swampscott, Mass., 3 £ s ,........................................................................
29.000 Massachusetts 3 £ s ,..................................................................................
3.000 Belmont, Mass., 4 s , ........................................................................
25.000 United States 3 s , .................................................................................
25.000 00
260.000 Massachusetts 3 J s ,.................................................................................
250.000 00
38.000 Oshkosh, W is., 4s...................................................................................... J
46.000 00*
8.000 United States 4 s , ...................................................................................J
121,000 Massachusetts 3 ^ s , .............................................................................. 1
1.000 Massachusetts 3 s , ...................................................................................[■ 145.000 00
28.000 Springfield, Mass., 3 i | s ,........................................................................
25.000 Holyoke, Mass., 4 s , ..........................................................................1
65.000 00
40.000 Bristol County, Mass., 4s, n o t e , ....................................................... J
5.000 Hallowed, Me , 4s...................................................................................... '
8.000 Chicago, 111., 4 s , .................................................................................
36.000 Massachusetts 3 ^ s , .................................................................................
73.000 00
10.000 Taunton, Mass., 4 s , ........................................................................ '
12.000 Manchester, N. H ., 4 s , ........................................................................
5.000 Everett, Mass., 4 s , .................................................................................
1,500 United States 3s.........................................................................................."j
4.000 United States 4 s , ...................................................................................1
1.000 Laconia, N. H., 4 s , ................................................................................... j" 25.000 00
20.000 Hyde Park, Mass., 4 s , .........................................................................j
50.000 Massachusetts 3 ^ s , .................................................................................
50.000 00

J

* Collateral substituted to bring this loan within the legal limit

Loans on Bank Stock, amount on each: —

,

2 shares Railroad National Bank, Lowell,
10 shares Security Safe Deposit and Trust Company, Lynn,
5 shares Lynn National Bank, Lynn,
.
.
.
.
16 shares National City Bank, Lynn,
.
.
.
.
60 shares Security Safe Deposit and Trust Company, Lynn,
10 shares Manufacturers’ National Bank, Lynn,
222 shares Boston National Bank, Boston, .
.
.
.
7 shares Shoe and Leather National Bank, Boston,

$175
800
500
1,600
5,000
700

J

00
00
00
00
00
00

17,000 00

Loans on Railroad Bonds, amount on each: —
$2,000 Boston & Albany R .R . 4 s , ....................................
25.000 Boston Terminal Company 3Js,
.
.
.
.
50.000 Fitchburg R.R. 4 s ,......................................................
60.000 Grafton & Upton R.R. 4 s , ....................................
21.000 Boston Terminal Company 3Js}
.
.
.
.
112,000 Fitchburg R .R. 4 s , ..................................................
4.000 Fitchburg R .R. 4 s , ......................................................
12.000 Boston & Lowell R .R. 4 s , ....................................
10.000 Maine Central R R. 4 s , .............................................
5.000 Boston & Maine R .R. 4 s , ....................................
7.000 Portland & Rumford Falls R .R . 4s,
2.000 Fitchburg R .R. 4 s , ......................................................


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

J $27,000 00
50,000 00
£

79,000 00
105,000 00

1
j-

27,000 00

j
^

8,000 00

[Pub. Doc

R E P O R T O F TH E

318

Lynn Five Cents Savings Bank — Continued.
D etailed Statem ent o f P u blic F u nd s.

1
Par Value,

City of Boston, Mass., Sis,
of Chicago, 111., 4s, .
of Cleveland, Ohio, 5s,
of Fort Wayne, Inch, 6s, .
of Grand Rapids, Mich., 4s,
of Lynn, Mass., 4s, .
of Manchester, N. H., 4s, .
of Milwaukee, W is., 5s, .
of Newton, Mass., 5s,
of Pawtucket, R.I., 5s,
of Peoria, 111., 4£s, .
of Rockford, 111., 4is,
Town of Framingham, Mass., 4s,
District of Columbia 7s, .

$10,000
25,000
15,000
15,000
5,000
12,000
1,000
21,000
5,000
5,000
10,000
21,000
4,000
15,000
$164,000

j

Estimated
MarketValue.

$10,000
27,500
15,225
15,375
5,275
12,240
1,070
21,537
5,550
5,050
10,800
22,280
4,220
16,650

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

$172,772 50

Amount Invested,

$9,862
25,000
15,000
15,000
5,000
12,000
1,000
21,000
5,000
5,000
10,000
21,000
4,000
15,000

50
00
00
00
00
00
00
00
00
00*
00
00
00
00

$163,862 50

* A legal investment when made.

No. of 1
SI)ares. I

D etailed Statem ent o f B a n k Stocks.

37
14
17
15
88
26
253
42
23
7
46
127
30
15
63
30
50
78
61
276

Par Value.

Blackstone N ’l Bank, Boston, .
Boylston National B’k, Boston,
Columbian Nat’l Bank, Boston,
Freeman’s N ’l Bank, Boston, .
Globe National Bank, Boston,
N ’l B’k of No. America, Boston,
N ’l B’k of Redemption, Boston,
N ’l B’k of the Republic, Boston,
Nat’l Exchange Bank, Boston,
N ’l Hide & Leather B’k, Boston,
National Revere Bank, Boston,
Nat’l Union Bank, Boston,
North National Bank, Boston,
Shoe & Leather N ’l B’k, Boston,
Tremont Nat’l Bank, Boston, .
Winthrop Nat’l Bank, Boston,
Georgetown National Bank,
Georgetown,
Central National Bank, L y n n , .
First Nat’l Bank, Lynn, .
National City Bank, Lynn,


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

Estimated
Market Value.

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

Amount Invested

$3,700
1,400
1,700
1,500
8,800
2,600
25,300
4,200
2,300
700
4,600
12,700
3,000
1,500
6,300
3,000
5,000

$2,886
1,694
1,649
1,500
8,800
2,658
28,652
6,016
3,001
747
4,232
16,922
3,060
1,530
4,473
4,080
5,250

$3,700
1,400
1,700
1,252
7,920
2,418
30,000
4,200
2,957
682
4,600
15,500
3,000
1,500
6,300
3,000
5,000

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

7,800
6,100
27,600

11,700 00
7,625 00
41,400 00

9,613 97
6,850 00
39,539 50

$129,800

$157,877 75

$151,133 97

No. 8 .]

319

S A Y IN G S B A N K COM M ISSION ERS

Lynn Five Cents Savings Bank — Concluded.
D etailed Statem ent o f R ailroad Bonds.

Par Value.

Fitchburg R.R. 5s,
.
Portland & Ogdensburg R.R. 6s,
N ew York & New England R.R. 6s,
N ew York & New England R.R. 7s,

$19,000
10,000
18,000
183,000
$180,000

Estimated
Market Value.

$19,520
10,400
20,430
158,602

00
00
00
50

$208,952 50

Amount Invested.

$19,000
10,000
18,000
133,000

00
00
00
00

$180,000 00

Total A m ou n t o f L o a n s , with E a ch Specified R ate o f Interest.

Rate.

Amount.

$113,098
12,072
40,000
425.000
605.000
100.000

25
82
00
00
00
00

2 per cent.
2h
“
3
3i
«
3|

“

3|

“

Rate.

Amount.

$462,000
50.000
25.000
75.000
75.000

00
00
00
00
00

4 per cent.
44
“
44
“
41
“
4|
“

Amount.

$283,950
4,500
983,079
20,201
400

Rate.

00
00
45
00
00

5 per cent.
54
“
5h
“
6
“
6J
“

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, 1898,
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, 1,004
Aggregate amount of the s a m e , ........................................................................
Total number of loans upon real e s t a t e , .................................... 1,059
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1 8 9 8 , ...............................................................
Times for the dividends fixed by the by-laws : January 1 and July 1.
Rate and amount of each semi-annual dividend t 2 per cent., $65,685 13 )
during the year ending Oct. 31, 1898,
.
. j 2 per cent.,
66,890 47 J
Number of accounts opened during the year ending Oct. 31, 1898,
2,842
Number of accounts closed during the year ending Oct. 31, 1898,
2,430
Total number of open accounts Oct. 31, 1898,
.
.
.
.
18,510
Total expenses of the corporation for the year ending Oct. 31, 1898 (ex­
clusive of taxes),...................................................................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1898..............................................................................................
Number of s a m e ,................................................................................. 21,413
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 8 9 8 , ...................................................................................................
Number of s a m e , ................................................................................. 17,088
Date of examination by commissioner: March 10.


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

$33,661
34,000
32,100
1,719

99
00
00
14

4,203 53
14,200 00
830,930 45

174,270 14
132,575 60

10,998 63
713,935 03

694,555 74

320

R E P O R T O F TH E

[Pub. D oc.

L Y N N IN S T IT U T IO N FOR S A V IN G S — L Y N N .

Incorporated June 20, 1826.

Present number of corporators, 52.

P h i l i p A. C h a s e , President.
D. H. S w e e t s e r , Treasurer.
D.
H . S w e e t s e r , Clerk o f the Corporation.

Names of committee charged with the investment of its funds :
P h i l i p A. C h a s e ,
W i l l i a m B a sse t ,

A mos F. B r e e d ,
J o se p h B . B r e e d .

Open for business every business day, 9 a . m . to 1 p . m . ; also Saturdays, 2.30 to 5.30 p .m .

B a l a n c e S h e e t O c t o b e r 31, 1898.

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
(notes).........................................
Deposits in banks, on interest, .
Tax titles........................................
Cash on hand, .
.
.
.

L ia b il it ie s .

$854,020
175,100
13,200
415,595

00
00
00
00

30,000 00
1,551,589 85
1,109,128 00
250,200
187,808
346
14,042

Deposits, .
Guaranty fund,
Profit and loss ac­
count, .
Reserve fund, .
Bank liquidation ac­
count, .

$4,173,035 91
205,000 00
213,260 53
8,524 53
1,209 84

00
40
87
69

$4,601,030 81

$4,601,030 81

Cash on Deposit in Banks, amount in each: —
Shawmut National Bank, B o s t o n , ............................................................... $11,75151
Central National Bank, L y n n , ........................................................................
25,000 00
First National Bank, L y n n ,.................................................................................
141,056 89
Manufacturers’ National Bank, L y n n ,...............................................................
10,000 00


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

No. 8 .]

S A V IN G S B A N K CO M M ISSION ERS

321

L y n n In s t it u t io n fo r S a v in g s — Continued.
Loans on Bank Stock, amount on each: —
2
20
70
45

shares
shares
shares
shares

Central National Bank, Boston, .
First National Bank, Lynn, .
Fourth National Bank, Boston,
Continental National Bank, Boston,

$200 00
2,000 00

6.500 00
4.500 00

D etailed Statem ent o f P u blic F u n d s.

Par Value.

City of Akron, Ohio, 5s, .
of Boston, Mass., 4 s ,.
of Boston, Mass., 6 s ,.
of Brockton, Mass., 4s,
of Cambridge, Mass., 4s, .
of Cambridge, Mass., 6s, .
of Canton, Ohio, 5s, .
of Chicago, 111., 4s, .
of Cleveland, Ohio, 4s,
of Cleveland, Ohio, 5s,
of Columbus, Ohio, 4s,
of Dayton, Ohio, 4s,
of Detroit, Mich., 4s,
of Fitchburg, Mass., 6s, .
of Hartford, Conn., 4s,
of Haverhill, Mass., 4s, .
of Lewiston, Me., 6s,
of Lynn, Mass., 4s, .
of Milwaukee, W is., 5s, .
of Nashua, N. 1L, 4s,
of New Bedford, Mass., 6s,
of New Haven, Conn., 7s,
of Newton, Mass., 4s,
of Peoria, 111., 4js, .
of Providence, R. I., 6s, .
of Salem, Mass., 5s, .
of Somerville, Mass., 5 £ s ,.
of Taunton, Mass., 4s,
of Youngstown, Ohio, 5s,
Town of South Abington, Mass., 4s,
of Northbridge, Mass., 5s,
District of Columbia 6s, .
State of Massachusetts 3£s,
United States 3s,
.
.
.
United States 4s,
.
.
.
United States 5s,
.
.
.


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

$25,000
68,000
6,000
6,000
30,000
10,000
5,000
50,000
3,000
4,870
10,000
25,000
45,000
79,000
25,000
35,000
10,000
105,650
30,000
20,000
5,000
10,000
10,000
20,000
10,000
2,000
10,000
28,000
10,000
5,000
9,000
22,500
25,000
20,000
25,000
50,000
$854,020

Estimated
Market Value.

$25,937
75,000
6,735
6,045
33,300
11,375
5,325
55,000
3,030
4,870
10,200
25,500
50,400
90,850
28,125
35,525
10,600
110,920
33,200
21,450
6,350
10,950
10,755
21,500
10,350
2,165
11,400
29,890
10,210
5,337
9,457
24,300
26,500
21,150
31,687
56,500

50
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
80
00
00
00
00
00
00
00
00
00
00
00
50
50
00
00
00
50
00

$931,890 80

Legal investments when made.

Amount Invested.

$25,000
68,000
6,000
6,000
30,000
10,000
5,000
50,000
3,000
4,870
10,000
25,000
45,000
79,000
25,000
35,000
10,000
105,650
30,000
20,000
5,000
10,000
10,000
20,000
10,000
2,000
10,000
28,000
10,000
5,000
9,000
22,500
25,000
20,000
25,000
50,000

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

$854,020 00

[Pub. D oc

R E P O R T O F TH E

322

Lynn Institution for Savings — Continued.
D etailed Statem ent o f B a n k Stocks.
OO
6 §
w
58
36
89
54
25
10
25
34
118
55
50
100
92
59
75
20
15
220
430
213

Par Value.

Atlantic Nat’l Bank, Boston, .
Blackstone Nat’l B’k, Boston, .
Columbian Nat’l Bank, Boston,
Everett Nat’l Bank, Boston, .
First National Bank, Boston, .
Freeman’s Nat’l Bank, Boston,
Mt. Vernon N ’l Bank, Boston,
N ’l B’k of No. America, Boston,
N ’l B’k of the Republic, Boston,
Nat’l Exchange Bank, Boston,
N ’l Hide & Leather B’k, Boston,
Nat’l Rockland Bank, Boston, .
National Union Bank, Boston,
New England N ’l B’k, Boston,
Second National Bank, Boston,
Shawmut Nat’l Bank, Boston,.
Winthrop N ’l Bank, Boston, .
Central National Bank, Lynn,
First National Bank, Lynn,
National City Bank, Lynn,

$5,800
3,600
8,900
2,700
2,500
1,000
2,500
3,400
11,800
5,500
5,000
10,000
9,200
5,900
7,500
2,000
1,500
22,000
43,000
21,300
$175,100

Estimated
Market Value.

$6,496
2,808
8,633
2,160
4,875
1,000
2,406
3,476
16,903
7,177
5,337
12,400
12,259
8,968
13,050
2,440
2,040
33,000
53,750
31,950

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

$231,130 25

Amount Invested.

$5,800
3,600
8,900
2,700
2,500
1,000
2,500
3,400
11,800
5,500
5,000
10,000
9,200
5,900
7,500
2,000
1,500
22,000
43,000
21,300

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

$175,100 00

D etailed Statem ent o f R ailroad Bonds.

Par Value.

Boston & Albany R.R. 5s,
Boston & Maine R.R. 4<|s,
Boston & Providence R.R. 4s, .
Boston, Concord & Montreal R.R. 6s,
Concord & Montreal R.R. 4s, .
Eastern R.R. 6s,
.
.
.
.
Fitchburg R.R. 5s....................................
Maine Central R.R. 7s,
N ew Haven & Derby R.R. 6s, .
New York & New England R.R. 7s,
N . Y ., Providence & Boston R.R. 7s,
Old Colony R.R. 4£s,
Portland & Ogdensburg R.R. 6s,
Portsmouth, Great Falls & Conway
R.R. 4 ^ s , ........................................
Troy & Boston R.R. 7s, .


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

$10,000
25,000
20,000
46,000
35,000
76,595
25,000
43,000
20,000
50,000
30,000
10,000
10,000

Estimated
Market Value.

$10,550
31,000
20,100
57,500
37,800
90,847
26,625
58,480
21,000
59,500
30,000
10,750
10,400

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

Amount Invested.

$10,000
25,000
20,000
46,000
35,000
76,595
25,000
43,000
20,000
50,000
30,000
10,000
10,000

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

5,000
10,000

6,100 00
15,500 00

5,000 00
10,000 00

$415,595

$486,152 00

$415,595 00

No. 8.]

323

SAYINGS BANK COMMISSIONERS

Lynn Institution for Savings — Concluded.
Total A m ou nt o f L o a n s, w ith E ach Specified R ate o f In terest.

Rate.

Amount.

$11,751
141,056
25.000
14.000
15.000

51
89
00
00
00

2 per cent.
2h
“
2|
“
3
3i
“

Rate.

Amount.

$5,000
475,800
110,000
517,975
50,000

00
00
00
00
00

3£ per cent.
3|
“
H
“
4
“
4^
“

Amount.

$147,000
24,500
876,563
555,682
142,597

Rate.

00
00
00
00
85

4J per cent.
4|
“
5
“
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 ,.................................................................................
Net income received from same during year ending Oct. 31, 1898,
Number of loans which are of an amount not exceeding $3,000 each, 482
Aggregate amount of the s a m e , ........................................................................
Total number of loans upon real e s t a t e , ............................................. 593
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1 8 9 8 , ...............................................................
Times for the dividends fixed by the by-laws : May 1 and November 1.
Rate and amount
of eachsemi-annual dividend $ 2 per cent.,$76,778 45 1
during the year
endingOct. 31,1898,
.
( 2 per cent.,
77,773 72 1
Number of accounts opened during the year ending Oct. 31, 1898,
1,412
Number of accounts closed during the year ending Oct. 31, 1898,
1,348
Total number of open accounts Oct. 31, 1898,
.
.
.
.
11,243
Total expenses of the corporation for the year ending Oct. 31, 1898 (ex­
clusive of t a x e s ) , ..........................................................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 8 9 8 ,..........................................................................................
Number of s a m e , ........................................................................................ 10,212
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1898............................................................................................................
Number of s a m e , ........................................................................................ 10,384
Date of examination by commissioner: February 14.


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

$30,000
50.000
30.000
2,471

00
00
00
70

686,076 85

214,138 94
154,552 17

11,781 08
592,415 00

613,326 00

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

No. 8.]

SAYINGS BANK COMMISSIONERS.

325

Malden Savings Bank — Continued.
Loans on Public Funds, amount on each: —
$12,000 City of Holyoke 4 s , ................................................................................. $10,000 00
1,000 City of Holyoke 4 s , .............................................................................
400 00
Loans on Bank Stock, amount on each: —
5 shares First National Bank, M a l d e n , ...................................................... $500 00
4 shares Union Market National Bank, W a te rto w n ,.....................................i
2 shares Blackstone National Bank, B o s t o n , ............................................. j
9 shares First National Bank, Malden,...........................................................
600 00

D etailed Statem ent o f P u blic Fu nd s.

Par Value.

City of Bangor, Me., 6s, .
of Boston, Mass., 3¿s,
of Brockton, Mass , 4s,
of Eastport, Me., 4s, .
of Fall River, Mass., 6s, .
of Grand Rapids, Mich., 4¿s,
of Malden, Mass., 3 f s,
of Malden, Mass., 4s,
of Milwaukee, W is., 5s, .
of New Bedford, Mass., 7s,
of Newton, Mass., 5s,
of Quincy, Mass., 3£s,
of Quincy, Mass., 4s,
of Saginaw, Mich., 4s,
of Somerville, Mass , 4s, .
Town of Bourne, Mass., 4s,
of Burrillville, R. I ., 4 s ,.
of Clinton, Mass., 4s,
of Ipswich, Mass., 4s,
of Leicester, Mass., 4s, .
of Ludlow, Mass., 3¿s, .
of Marblehead, Mass., 4s,
of Needham, Mass., 4s, .
of Old Orchard, Me., 4s,
of Orange, Mass., 4s,
of Sharon, Mass., 4s,
of Ware, Mass., 4s,
of Westfield, Mass., 4s, .
of Winchester, Mass., 4s,
County of Aroostook, Me., 4¿s,
of Middlesex, Mass., 3£s,
United States 3s,
.
.
.


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

.

$5,000
1,000
2,000
10,000
5,000
2,000
22,000
110,000
7,750
1,000
5,000
10,000
17,900
7,000
1,000
9,600
15,000
3,000
10,000
4,000
3,000
1,000
1,000
10,000
1,000
4,000
2,000
2,300
1,000
10,000
18,000
5,000
$306,550

Estimated
Market Value.

$5,750
1,055
2,100
10,765
5,125
2,270
22,151
115,962
7,827
1,067
5,562
10,333
18,315
7,455
1,005
9,774
15,975
3,315
11,175
4,120
3,002
1,000
1,033
10,850
1,032
4,347
2,017
2,318
1,047
10,800
18,097
5,300

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

$321,945 25

Legal investments when made.

Amount Invested.

$5,000
1,000
2,000
10,000
5,000
2,000
22,000
110,000
7,750
1,000
5,000
10,000
17,900
7,000
1,000
9,600
15,000
3,000
10,000
4,000
3,000
1,000
1,000
10,000
1,000
4,000
2,000
2,300
1,000
10,000
18,000
5,000

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

$306,550 00

REPORT OF THE

326

[Pub. Doc.

Malden Savings Bank — Continued.

No. of
Shares.

D etailed Statem ent o f B a n k Stocks.

23
20
8
15
15
10
11
30
13
12
55
28
73
20
5
5
14
10
16
47
5
68

Par Value.

Atlantic Nat’l Bank, Boston, .
Atlas National Bank, Boston, .
Eliot National Bank, Boston, .
First National Bank, Boston, .
Freeman’s Nat’l Bank, Boston,
Hamilton Nat’l Bank, Boston,
Howard Nat’l Bank, Boston, .
Merchants’ N ’l Bank, Boston, .
N ’l Bank of Commerce, Boston,
N ’l B’k of No. America, Boston,
N ’l B’k of Redemption, Boston,
National Eagle Bank, Boston,.
Nat’l Exchange Bank, Boston,
N ’l Hide & Leather B’k, Boston,
Nat’l Revere Bank, Boston,
Nat’l Rockland Bank, Boston,.
North Nat’l Bank, Boston,
Old Boston N ’l Bank, Boston,.
Shawmut Nat’l Bank, Boston,.
State National Bank, Boston, .
Tremont Nat’l Bank, Boston, .
First National Bank, M ald en ,.

$2,300
2,000
800
1,500
1,500
1,000
1,100
3,000
1,300
1,200
5,500
2,800
7,300
2,000
500
500
1,400
1,000
1,600
4,700
500
6,800
$50,300

Estimated
Market Value.

$2,576
2,180
1,040
2,925
1,500
1,140
1,069
4,650
1,371
1,227
6,228
2,464
9,526
2,135
460
620
1,428
1,100
1,952
5,252
355
10,778

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

$61,978 75

Amount Invested

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

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

$50,300 00

D eta iled S ta tem en t o f R a ilr o a d B o n d s .

Par Value.

Boston & Lowell R.R. 4 s ,.
Boston & Lowell R.R. 5 s ,.
Boston & Maine R.R. 4s, .
Concord & Claremont R.R. 4^s,
Concord & Montreal R.R. 4s, .
Maine Central R.R. 4s,
Old Colony R.R. 4s, .
Portsmouth, Great Falls & Conway
R.R. 4 i s , ........................................
St. Johnsbury & Lake Champlain
R.R. 5 s , ..................................................


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

$12,000
5,000
3,000
10,000
25,000
10,000
10,000

Estimated
Market Value.

$12,930
5,037
3,367
11,100
27,000
10,500
11,100

00
50
50
00
00
00
00

Amount Invested,

$12,000
5,000
3,000
10,000
25,000
10,000
10,000

00
00
00
00
00
00
00

15,000

18,187 50

15,000 00

10,000

12,900 00

10,000 00

$100,000

$112,122 50

$100,000 co

No. 8.]

327

SAYINGS BANK COMMISSIONERS

Malden Savings Bank — Concluded.
Total A m ou nt o f L oa n s, w ith E ach Specified R ate o f In terest.

Amount.

$55,428
30.000
10.000
95,000

Kate.

00
00
00
00

2 per cent.
3
“
3|
“
H
“

Amount.

$55,000
90,000
316,050
165,000

00
00
00
00

Kate.

Amount.

Rate.

3| per cent.
31
“
4
“
4i
“

$821,679 00
315,036 00
631,648 85

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 ,.................................................................................
Net income received from same during year ending Oct. 31, 1898,
Number of loans which are of an amount not exceeding $3,000 each, 710
Aggregate amount of the s a m e , ........................................................................
Total number of loans upon real estate....................................................... 847
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1 8 9 8 , ...............................................................
Times for the dividends fixed by the by-laws : second Wednesday in April
and October.
Rate and amount of each semi-annual dividend f 2 per cent., $50,344 92 1
during the year ending Oct. 31, 1898,
.
. 1 2 per cent.,
52,436 10 i
Number of accounts opened during the year ending Oct. 31, 1898,
1,562
Number of accounts closed during the year ending Oct. 31, 1898,
1,124
Total number of open accounts Oct. 31, 1898,
.
.
.
.
9,523
Total expenses of the corporation for the year ending Oct. 31, 1898 (ex­
clusive of taxes),
..........................................................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 8 9 8 ,..........................................................................................
Number of s a m e , ................................................................................. 13,198
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 8 9 8 , ...................................................................................................
Number of s a m e , ................................................................................. 10,038
Date of examination by commissioner: April 18.


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

$7,058 50
9,450 00
159 50
984,325 00

140,803 80

102,781 02

7,812 61
582,338 74

438,619 40

REPORT OF THE

328

[Pub. Doc

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.

Present number of corporators, 49.

N . P . S a n b o r n , President.
W i l l i a m G i l l e y , Treasurer.
J o h n G . B r o u g h t o n , Clerk o f the Corporation.

Names of committee charged with the investment of its funds:
N . P . Sa n b o r n ,
H en ry A . P o tter,
W il l ia m R ey n o l d s,
S a m u e l D . Sm i t h ,
R o b e r t C. B r i d g e .

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 o b e r 31, 1898.

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,
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
(notes), ....................................
Deposit in bank, on interest,
Expense account,
Bennett Spinning Co. stock,*
Cash on hand, .

$51,564 64
56,890 79
2,000 00

69,000
23,149
173,191
155,166

00
46
65
77

4,000
23,073
895
5,800
1,458

00
28
04
00
11

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

$566,189 74

$539,468 78
17,103 67
9,324 22
293 07

$566,189 74

* Taken to secure indebtedness.

Cash on Deposit in Bank : —
Marblehead National Bank, M a r b le h e a d ,...................................................... $23,073 28
Loan on Bank Stock : —
22

shares National Grand Bank, M a r b le h e a d ,......................................... $2,000 00


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

No. 8.]

329

SAYINGS BANK COMMISSIONERS.

Marblehead Savings Bank — Continued.
D etailed Statem ent o f P u blic F unds.

Par Value.

City of Bangor, Me., 6s, .
of Indianapolis, Ind., 4s, .
of Portsmouth, N. H ., 4s, .
Town of Marblehead, Mass., 4s,
County of Aroostook, Me., 4£s,

$8,080
11,000
10,400
14,107
10,800

$8,000
10,000
10,000
13,500
10,000
$51,500

*

Estimated
Market Value.

00
00
00
22
00

$54,387 22

Amount Invested.

$8,000
10,000
10,000
13,564
10,000

00
00
00
64
00*

$51,564 64

A legal investment when made.

No. of
Shares.

D etailed Statem ent o f B a n k Stocks.

20
31
25
5
9
25
20
19
25
29
24
32
3
25
25
21
58
8
54
38

Par Value.

Blackstone N ’l Bank, Boston, .
Boylston Nat’l Bank, Boston, .
Continental N ’l Bank, Boston,
Hamilton Nat’l Bank, Boston,
Market Nat’l Bank, Boston,
Merchants’ Nat’l B’k, Boston, .
Mount Vernon N ’l B ’k, Boston,
N ’l B’k of Commerce, Boston,
N ’l B’k of No. America, Boston,
N ’l B ’k of Redemption, Boston,
N ’l B’k of the Republic, Boston,
N ’l Hide & Leather B’k, Boston,
National Revere Bank, Boston,
North National Bank, Boston,.
Shawmut Nat’l Bank, Boston,.
Shoe & Leather N ’l B’k, Boston,
State National Bank, Boston, .
Winthrop Nat’l Bank, Boston,
Marblehead National Bank,
Marbl ehead, .
.
.
.
N ’l Grand Bank, Marblehead,


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

$2,000
3,100
2,500
500
900
2,500
2,000
1,900
2,500
2,900
2,400
3,200
300
2,500
2,500
2,100
5,800
800

Estimated
Market Value.

$1,560
3,751
3,000
570
693
3,875
1,925
2,004
2,556
3,284
3,450
3,416
276
2,550
3,050
2,142
6,481
1,088

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

Amount Invested.

$2,000
3,839
2,687
591
900
3,331
2,505
2,440
2,778
3,342
3,072
3,744
300
2,500
3,084
2,100
6,300
800

00
50
50
25
00
25
20
00
12
25
00
00
00
00
37
00
45
00

5,400
3,800

4,320 00
4,370 00

5,935 75
4,639 15

$49,600

$54,362 50

$56,890 79

330

REPORT OF THE

[Pub. Doc.

Marblehead Savings Bank — Concluded.
D e ta iled S ta tem en t o f R a ilr o a d B o n d s .

Par Value.

Boston & Lowell R.R. 4 s ,.
Boston & Maine R.R. 4s, .
Fitchburg R.R, 5s,
Maine Central R.R. 4£s, .
Upper Coos R.R. 4 s , .
St. Johnsbury & Lake Champlain
R.R. 5 s , ..................................................

$10,000
7,000
21,000
10,000
5,000

Estimated
Market Value.

$10,500
7,787
22,805
11,000
5,200

00
50
00
00
00

Amount Invested.

$10,000
7,000
21,000
10,000
5,000

00
00
00
00
00

15,000

19,850 00

16,000 00

$68,000

$76,642 50

$69,000 00

Total A m ou n t o f L oa n s, w ith E a ch Specified R ate o f In terest.

Amount.

$23,073 28
21,000 00
53,500 00

Kate.

Amount.

Kate.

2 per cent.
4
“
4h
“

$110,202 37
10,000 00

5 per cent.
5£
“

Amount.

$29,750 00
109,906 05

Kate,

5J per cent.
6
“

$23,149 46
Value, by books, of real estate, held or owned by foreclosure or otherwise,
Assessed value of the s a m e ,.................................................................................
30,200 00
Number of loans which are of an amount not exceeding $3,000 each, 126
Aggregate amount of the s a m e , ........................................................................
112,346 05
Total number of loans upon real e s t a t e , ............................................. 120
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1 8 9 8 , ......................................................
23,840 01
Times for the dividends fixed by the by-laws: May 1 and November 1.
Rate and amount of each semi-annual dividend f 2 per cent., $10,582 32 i
20,859 61
during the year ending Oct. 31, 1898,
.
1 2 per cent.,
10,277 29 $
Number of accounts opened during the year ending Oct. 31, 1898,
. 311
Number of accounts closed during the year ending Oct. 31, 1898,
. 223
Total number of open accounts Oct. 31, 1898,
.
.
.
.
2,231
Total expenses of the corporation for the year ending Oct. 31, 1898 (ex­
873 63
clusive of taxes).....................................................................................................
Amount of deposits, not including dividends, received during the year
69,941 00
ending Oct. 31, 1898...............................................................................................
Number of s a m e , ................................................................................. 1,291
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 8 9 8 , ...................................................................................................
83,297 48
Number of s a m e , ................................................................................. 1,500
Date of examination by commissioner: June 27.


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

No. 8.]

331

SAYINGS BANK COMMISSIONERS

M AR LB O R O U G H S A V IN G S B A N K — M AR LB O RO U G H .

Incorporated April 3, 1860.
S. H

erbert

Present number of corporators, 112.

H o w e , President.

C h a r l e s F. H o l y o k e , Treasurer.

C h a r l e s F. H o l y o k e , Clerk o f the Corporation.

Names of committee charged with the investment of its funds:
S. H e r b e r t H o w e ,
in s l o w M. W a r r e n ,

W

B e n j a m in

L o r im a n S. B r i g h a m ,
W i l l i a m D. B u r d e t t ,
F. G r e e l e y .

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

a .m .

to 12

m

.

; 2 to 4 p . m . ;

B a l a n c e S h e e t O c t o b e r 31, 1898.

L ia b il it ie s .

A ssets.

Public funds, as per schedule, .
Bank stock, as per schedule,
Railroad bonds, as per schedule,
Boston Terminal Co. bonds,
Real estate (for banking pur­
poses) , ....................................
Real estate by foreclosure,.
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
(notes), ....................................
Deposits in banks, on interest, .
Expense account,
Taxes paid,
.
.
.
.
Cash on hand, .
.
.
.

$498,800
207,900
207,000
102,850

00
00
00
00

56,074
18,979
885,332
80,015

90
26
00
00

66,000
76,242
3,488
786
6,608

00
14
15
24
88

$2,210,076 57

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

$2,061,435 72
95,318 75
18,143 90
31,492 20
3,686 00

$2,210,076 57

Cash on Deposit in Banks, amount in each: —
First National Bank, M a r lb o r o u g h ,............................................................... $52,573 57*
People’s National Bank, Marlborough,
.
.
.
.
.
.
.
23,668 57
* This amount, in excess of the legal limit, has since been reduced.


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

332

REPORT OF THE

[Pub. Doc

Marlborough Savings Bank — Continued.
D etailed Statem ent o f P u blic Funds.

Par Value.

City of Boston, Mass., 4s,
of Boston, Mass., 6s,
of Brockton, Mass., 4s,
of Cambridge, Mass., 4s, .
of Cambridge, Mass., 6s, .
of Chelsea, Mass,, 4s,
of Detroit, Mich., 4s,
of Haverhill, Mass., 4s, .
of Holyoke, Mass., 4s,
of Keene, N. H., 4s, .
of Lawrence, Mass., 4s, .
of Lewiston, Me., 5s,
of Lynn. Mass., 4s, .
of Malden, Mass., 4s,
of Marlborough, Mass., 4s,
of Medford, Mass., 4s,
of New Bedford, Mass., 4s,
of Newton, Mass., 4s,
of Newton, Mass., 5s,
of Quincy, Mass ,4 s ,
of Waltham , Mass., 4s,
of Waterbury, Conn., 4s, .
of Woburn, Mass., 4s,
of Worcester, Mass., 3£s, .
of Worcester, Mass , 4s, .
Town of Arlington, Mass., 4s,
of Athol, Mass , 4s,
of Attleborough, Mass., 4s, .
of Chicopee, Mass., 4s, .
of Clinton, Mass., 4s,
of Gt. Barrington, Mass., 4s, .
of Leominster, Mass., 4s,
of Melrose, Mass., 4s,
t
of Pawtucket, R. I., 4s, .
of Pawtucket, R. I., 5s, .
of Peabody, Mass., 4s, .
of Wakefield, Mass., 4 s ,.
of W ellesley, Mass., 4 s ,.
of Weymouth, Mass., 4s,
of Winchester, Mass., 4s,
County of Middlesex, Mass., 4s,


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

$41,000
11,000
15,000
17,000
1,000
10,000
25,000
10,000
20,000
10,000
20,000
7,000
12,000
10,000
42,000
5,000
10,000
18,000
2,000
3,800
12,000
5,000
10,000
5,000
5,000
17,000
5,000
10,000
15,000
9,000
5,000
15,000
10,000
3,000
10,000
15,000
10,000
5,000
8,000
15,000
20,000
$498,800

Estimated
Market Value.

$43,985
12,265
16,735
17,760
1,105
10,400
27,713
10,300
21,850
10,250
21,750
8,610
12,150
10,825
45,060
5,450
11,400
19,935
2,220
3,832
12,000
5,450
10,280
5,100
5,700
18,920
5,550
10,850
16,410
9,675
5,550
16,800
11,150
3,135
10,050
16,650
10,660
5,250
8,780
15,850
20,515

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

$537,920 00

Legat investments when made.

Amount Invested.

$41,000
11,000
15,000
17,000
1,000
10,000
25,000
10,000
20,000
10.000
20,000
7,000
12,000
10,000
42,000
5,000
10,000
18,000
2,000
3,800
12,000
5,000
10,000
5,000
5,000
17,000
5,000
10,000
15,000
9,000
5,000
15,000
10,000
3,000
10,000
15,000
10,000
5,000
8,000
15,000
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
00
00*
00*
00
00
00
00
00
00

$498,800 00

No. 8.]

SAVINGS BANK COMMISSIONERS

333

Marlborough Savings Bank — Continued.

\ No. of
Shares.

D etailed Statem ent o f B a n k Stocks.

15
80
33
57
12
37
20
94
45
62
70
12
25
50
25
35
70
50
5
5
50
20
15
86
42
150
50
76
75
20
40
25
50
60
50
72
33
90
52
30
15
30
97
100
14
16

Par Value.

Atlantic Nat’l Bank, Boston, .
Atlas National Bank, Boston, .
Blackstone Nat’l B’k, Boston, .
Boston National Bank, Boston,
Boylston Nat’l Bank, Boston, .
Central Nat’l Bank, Boston, .
Columbian Nat’l Bank, Boston,
Continental N ’l Bank, Boston,
Eliot National Bank, Boston, .
Everett National Bank, Boston,
Faneuil Hall N ’l Bank, Boston,
Fourth National Bank, Boston,
Freeman’s Nat’l Bank, Boston,
Globe National Bank, Boston,
Hamilton Nat’l Bank, Boston,.
Howard Nat’l Bank, Boston, .
Manufacturers’ N ’l B’k, Boston,
Market National Bank, Boston,
Massachusetts N ’l B’k, Boston,
Mechanics’ Nat’l B’k, Boston, .
Merchants’ Nat’l Bank, Boston,
Mt. Vernon N ’l Bank, Boston,
N ’l B’k of Commerce, Boston,
N ’l B’k of No. America, Boston,
N ’l B’k of Redemption, Boston,
N ’l B’k of the Republic, Boston,
National City Bank, Boston, .
National Eagle Bank, Boston,
Nat’l Exchange Bank, Boston,
N ’l Hide & Leather B’k, Boston,
National Revere Bank, Boston,
National Union Bank, Boston,.
Nat’l Webster Bank, Boston, .
Shawmut Nat’l Bank, Boston,.
Shoe & Leather N ’l B’k, Boston,
State National Bank, Boston, .
Suffolk National Bank, Boston,
Third National Bank, Boston,.
Tremont Nat’l Bank, Boston, .
Winthrop Nat’l Bank, Boston,
First National Bank, Clinton, .
First National Bank, Lynn,
First N ’l Bank, Marlborough,.
People’s N ’l B’k, Marlboi'ough,
Newton Nat’l Bank, Newton, .
City Nat’l Bank, Worcester, .


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

$1,500
8,000
3,300
5,700
1,200
3,700
2,000
9,400
4,500
3,100
7,000
1,200
2,500
5,000
2,500
3,500
7,000
5,000
500
500
5,000
2,000
1,500
8,600
4,200
15,000

Estimated
Market Value.

7,600
• 7,500
2,000
4,000
2,500
5,000
6,000
5,000
7,200
3,300
9,000
5,200
3,000
1,500
3,000
9,700
10,000
1,400
1,600

$1,680
8,720
2,574
5,657
1,452
4,403
1,940
11,280
5,850
2,480
8,802
1,416
2,500
5,000
2,850
3,403
7,000
3,850
375
• 605
7,750
1,925
1,582
8,793
4,756
21,487
250
6,688
9,787
2,135
3,680
3,331
5,112
7,320
5,100
8,046
3,498
8,032
3,692
4,080
1,875
3,750
10,864
11,600
1,260
2,240

$207,900

$230,475 25

_

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

Amount Invested.

$1,500
8,000
3,300
5,700
1,200
3,700
2,000
9,400
4,500
3,100
7,000
1,200
2,500
5,000
2,500
3,500
7,000
5,000
500
500
5,000
2,000
1,500
8,600
4,200
15,000

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
_

7,600
7,500
2,000
4,000
2,500
5,000
6,000
5,000
7,200
3,300
9,000
5,200
3,000
1,500
3,000
9,700
10,000
1,400
1,600

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

$207,900 00

[Pub. Doc

REPORT OF THE

334

Marlborough Savings Bank — Continued.
D eta iled S ta tem en t o f B a ilr o a d B o n d s .

Par Value.

Boston & Albany R.R. 4s,
Boston & Lowell R.R. 4s,
Boston & Lowell R.R. 5s,
Boston & Maine R.R. 4s, .
Boston & Providence R.R. 4s, .
Concord & Montreal R.R. 4s, .
Fitchburg R.R. 4s, .
Fitchburg R.R. 5s, .
Maine Central R.R. 4ès, .
N . Y ., Providence & Boston R.R. 7s,
Old Colony R.R. 4s, .
Old Colony R R. 4£s,
Portland & Ogdensburg R.R. 6s,
Providence & Worcester R.R. 4s,
Upper Coos R R. 4^s,
Worcester, Nashua & Roch. R.R. 4s,

$20,000
15,000
2,000
15,000
5,000
10,000
20,000
3,000
5,000
5,000
45,000
11,000
10,000
20,000
11,000
10,000
$207,000

Estimated
Market Value.

$21,500
15,650
2,010
16,800
5,425
10,900
24,550
3,000
5,500
5,000
50,300
11,550
10,200
22,850
11,880
11,000

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

$225,115 00

Amount Invested.

$20,000
15,000
2,000
15,000
5,000
10,000
20,000
3,000
5,000
5,000
45,000
11,000
10,000
20,000
11,000
10,000

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

$207,000 00

Total A m ou n t o f L o a n s , w ith E a ch Specified B ate o f Interest.

Kate.

Amount.
$23,668 57
52,573 57
3,000 00

2 per cent.
2% “
3|
“

Amount.

Kate.

$76,500 00* 4 per cent.
150,000 00 4è
“
25,000 00 4|
“

Amount.

Kate.

$280,950 00
17,365 00
478,532 00

5 per cent.
5è
“

6

“

Amount invested in real estate for banking purposes,.................................... $56,074 90
Estimated value of the s a m e , ........................................................................
56,074
Assessed value of the s a m e ,.................................................................................
41,065
Value, by books, of other real estate, held or owned by forclosure or
o th erw ise,............................................................................................................
18,979
15,800
Assessed value of the same, ..................................................................................
Net income received from same during year ending Oct. 31, 1898,
.
.
189
Number of loans which are of an amount not exceeding $3,000 each, 589
Aggregate amount of the s a m e , ........................................................................
536,017
Total number of loans upon real e s t a t e , ............................................. 632
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1 8 9 8 , ...............................................................
99,291
Times for the dividends fixed by the by-laws: third Wednesday in January
and July.


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

90
00
26
00
94
00

81

No. 8.]

SAYINGS BANK COMMISSIONERS.

335

Marlborough. Savings Bank — Concluded.
Rate and amount of eacli semi-annual dividend f 2 per cent., $38,874 62 J $78,769 57
during the year ending Oct. 31, 1898,
.
.1 2 per cent.,
39,894 95 )
Number of accounts opened during the year ending Oct. 31, 1898,
. 770
Number of accounts closed during the year ending Oct. 31, 1898,
. 672
Total number of open accounts Oct. 31, 1898....................................
5,961
Total expenses of the corporation for the year ending Oct. 31, 1898 (ex­
6,447 53
clusive of taxes),
..........................................................................................
Amount of deposits, not including dividends, received during the year
314,981 00
ending Oct. 31, 1 8 9 8 ,..........................................................................................
Number of s a m e ,................................................................................. 4,429
Amount of withdrawals, including dividends, during the year ending
350,033 99
Oct. 3 1 , 1 8 9 8 , ...................................................................................................
Number of s a m e , ................................................................................. 3,979
Date of examination by commissioner : February 28.


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

[Pub. Doc

REPORT OF THE

336

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.

Present number of corporators, 39.

L e m u e l S e a r s , President,
C h a r l e s B. P r e s c o t t , Treasurer.
E d w a r d W . C h a f i n , Clerk o f the Corporation.

Names of committee charged with the investment of its funds :
R o sw e ll P . Cr a f t s ,
H ubbell P. T e r r y ,
L em uel S ears,
J oel S. W e b b e r ,
H enry E . Gaylord.

Open for business every business day except Saturdays, 9 a . m . to 4
days, 9 a . m . to 12 m . ; also Thursdays, 7 to 8 p . m .

p .m .

; Satur­

B a l a n c e S h e e t O c t o b e r 31, 1898.

L ia b il it ie s .

A ssets.

Bank stock, as per schedule,
Loans on bank stock,
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Loans on depositors’ books,
Deposits in banks, on interest, .
Deposits in banks, not on interest,
Expense account,
Furniture and fixtures,
Albion Paper Co. stock,* .
Cash on hand, .
.
.
.

$68,637
23,100
7,600
760,091
276,832
750
116,168
15.000
3,046
500
20.000
10,030

50
00
00
96
42
00
21
00
42
00
00
30

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

$1,301,756 81

$1,211,621 83
38,973 00
38,270 16
12,818 81
73 01

$1,301,756 81

* Taken to secure indebtedness.
Cash on Deposit in Banks, amount in each: —
City National Bank, H o l y o k e , ........................................................................ $56,168 21
Hadley Falls National Bank, H o l y o k e , ......................................................
15,000
Holyoke National Bank, Holyoke.........................................................................
30,000
Home National Bank, H o ly o k e ,........................................................................
20,000
Springfield Safe Deposit and Trust Company, Springfield, .
.
.
.
10,000


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

00
00
00
00

No. 8.]

SAVINGS BANK COMMISSIONERS

337

Mechanics’ Savings Bank, Holyoke — Continued.
Loans on Bank Stock, amount on each : —
10 shares Second National Bank, Springfield,
.
.
.
.
10 shares Hadley National Bank, Holyoke,
.
.
.
.
10 shares Holyoke National Bank, Holyoke,
.
.
.
.
12 shares Agawam National Bank, Springfield..............................
5 shares First National Bank, Springfield,
.
.
.
.
50 shares Home National Bank, Holyoke, .
.
.
.
.
46 shares Hadley Falls National Bank, Holyoke,
63 shares City National Bank, H o l y o k e ,................................
7 shares Chicopee National Bank, Springfield, .
.
.
.
18 shares Second National Bank, Springfield,
.
.
.
.
23 shares Third National Bank, Springfield,
.
.
.
.
10 shares City National Bank, H o l y o k e ,....................................
10 shares Home National Bank, H olyok e,....................................
25 shares Springfield Safe Deposit and Trust Company, Springfield,
10 shares City National Bank, H o l y o k e ,....................................
25 shares Home National Bank, Holyoke,.............................................

$1,600 00
800 00

i

5.000 00

Ì

I
I

I
I

9.000 00

1.000 00
2,500 00
900 00
2,300 00*

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

No. of
Shares.

D etailed Statem ent o f B a n k Stocks.

22
258
121
3
50
20
50

Par Value.

Shoe & Leather N ’l B’k, Boston,
City National Bank, H olyoke,.
Hadley Falls N ’l B ’k, Holyoke,
Holyoke Nat’l Bank, Holyoke,
Home National Bank, Holyoke,
First Nat’l Bank, Springfield,
Third Nat’l Bank, Springfield,

$2,200
25,800
12,100
300
5,000
2,000
5,000
$52,400

Estimated
Market Value.

$2,244
27,090
18,150
465
5,500
2,240
11,000

00
00
00
00
00
00
00

$66,689 00

Amount Invested.

$3,000
28,650
19,159
498
5,750
3,080
8,500

50
00
00
00
00
00
00

$68,637 50

Total A m ou nt o f L oan s, with E a ch Specified R ate o f Interest.

Amount.

$116,168 21

Kate.

4 per cent.


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

Amount.

$1,058,299 38

Rate.

5 per cent.

Amount.

$2,475 00

Rate.

6 per cent.

REPORT OF THE

338

[Pub. Doc.

Mechanics’ Savings Bank, H olyoke — Concluded.
Value, by books, of real estate, held or owned by foreclosure or otherwise,
$7,600 00
Assessed value of the s a m e ,.................................................................................
8,070 00
Net income received from same during year ending Oct. 31,1898,
.
.
300 00
Number of loans which are of an amount not exceeding $3,000 each,. 264
Aggregate amount of the s a m e , ........................................................................
342,487 42
Total number of loans upon real e s t a t e , ............................................. 281
Gross amount of interest or profits received or earned, as per books,
59,789 66
during year ending Oct. 31, 1 8 9 8 , ...............................................................
Times for the dividends fixed by the by-laws : second Tuesday in May and
November.
Rate and amount of each semi-annual dividend f 2 per cent., $21,049 61 )
^ 906 78
during the year ending Oct. 31, 1898,.
.
t 2 per cent., 21,857 17 J
Number of accounts opened during the year ending Oct. 31, 1898,
. 561
Number of accounts closed during the year ending Oct. 31, 1898,
. 453
Total number of open accounts Oct. 31,1898,
.
.
.
.
2,971
Total expenses of the corporation for the year ending Oct. 31, 1898 (ex­
clusive of taxes),
..........................................................................................
6,433 77
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 8 9 8 ,..........................................................................................
266,313 35
Number of s a m e , ................................................................................. 3,810
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 8 9 8 , ...................................................................................................
218,913 18
Number of s a m e , ................................................................................. 2,727
Date of examination by commissioner : September 22.


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

No. 8.]

339

SAYINGS BANK COMMISSIONERS

M E C H A N IC S ’ S A V IN G S B A N K — L O W E L L .

Incorporated March 1, 1861.

Present number of corporators, 48.

C h a r l e s L. H il d r e t h , President.

C h ar le s C. H u tch inson , Treasurer.

C h ar le s C. H utchinson , Clerk o f the Corporation.

Names of committee charged with the investment of its funds:
Jacob R ogers ,
C laren ce H . N elson ,
Jam es F r a n c is ,
John D a v is ,
C h ar les C. H u tch in so n .

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 c t o b e r 31, 1898.

L ia b il it ie s .

A ssets.

Public funds, as per schedule, .
Bank stock, as per schedule,
Loans on bank stock,
Railroad bonds, as per schedule,
Real estate (for banking pur­
poses),
....................................
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Deposits in banks, on interest, .
Expense account,
Tax account,
.
.
.
.
Cash on hand, .
.
.
.

$219,000
261,050
30,500
205,000

00
00
00
00

81,000
15,375
1,196,029
466,284
73,395
2,649
1,101
6,490

00
00
25
29
36
32
00
41

Deposits, .
Guaranty fund,
Interest account,
Rents,
Suspense account,

$2,557,874 63

.

$2,410,044
112,000
8,799
25,444
1,586

09
00
80
50
24

$2,557,874 63

Cash on Deposit in Banks, amount in each: —
National Hide and Leather Bank, B o s t o n ,...................................................... $2,949 73
Old Lowell National Bank, Lowell.......................................................................
10,000 00
Railroad National Bank, L o w e ll,........................................................................
60,445 63
Loans on Bank Stock, amount on each: —
55
100
150
30

shares
shares
shares
shares

Railroad National Bank, Lowell,
Railroad National Bank, Lowell,
National Hide and Leather Bank, Boston, .
Old Boston National Bank, Boston,


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

$5,500 00
.I

25,000 00

[Pub. Doc

REPORT OF THE

340

Mechanics’ Savings Bank, Low ell — Continued.
D etailed Statem ent o f P u blic F u n d s.

Par Value.

City of Boston, Mass., 4 s ,.
of Concord, N. H., 4s,
of Lowell, Mass , 4s,
of Lynn, Mass., 4s, .
of Marlborough, Mass., 4s,
of Milwaukee, W is., 5s, .
of Newton, Mass., 4s,
of Providence, R. L, 4s, .
of Waltham, Mass., 4s,
of Waterbury, Conn., 4s, .
Town of Arlington, Mass., 4s, .

$30,000
10,000
16,000
10,000
20,000
48,000
10,000
20,000
10,000
25,000
20,000
$219,000

Estimated
Market Value.

$31,695
10,800
17,216
10,500
21,580
50,400
10,530
21,636
10,534
26,787
21,160

00
00
00
00
00
00
00
00
00
50
00

$232,838 50

Amount Invested.

$30,000
10,000
16,000
10,000
20,000
48,000
10,000
20,000
10,000
25,000
20,000

00
00
00
00
00
00
00
00
00
00
00

$219,000 00

No. of
Shares.

D etailed Statem ent o f B a n k Stocks.

106
66
63
25
90
8
65
13
265
100
10
45
37
281
83
40
300
106
100
105
43
20
39
67

Par Value.

Atlas National Bank, Boston, .
Blackstone Nat’l Bank, Boston,
Boston Nat’l Bank, Boston,
Eliot National Bank, Boston, .
Everett Nat’l Bank, Boston,
First National Bank, Boston, .
Hamilton Nat’l Bank, Boston,.
Howard 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 Commerce, Boston,.
N ’l B’k of No. America, Boston,
N ’l B’k of Redemption, Boston,
N ’l B’k of the Republic, Boston,
National Eagle Bank, Boston, .
N ’l Hide & Leather B’k, Boston,
National Revere Bank, Boston,
Nat’l Webster Bank, Boston, .
New England N ’l B’k, Boston,
North National Bank, Boston, .
Second National Bank, Boston,
Shawmut National B’k, Boston,
Suffolk National Bank, Boston,


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

$10,600
6,600
6,300
2,500
4,500
800
6,500
1,300
26,500
10,000
1,000
4,500
3,700
28,100
8,300
4,000
30,000
10,600
10,000
10,500
4,300
2,000
3,900
6,700

Estimated
Market Value.

$11,554
5,148
6,252
3,250
3,600
1,560
7,410
1,264
41,075
9,100
962
4,747
3,783
31,823
11,889
3,520
32,025
9,752
10,225
15,960
4,386
3,480
4,758
7,102

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

Amount Invested.

$11,660
6,600
7,056
2,500
4,500
800
8,000
1,300
36,800
10,000
1,000
5,040
3,700
32,315
9,960
4,000
31,000
13,800
9,600
15,500
5,160
2,500
4,290
6,700

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

No. 8.]

341

SAYINGS BANK COMMISSIONERS

Mechanics’ Savings Bank, Low ell — Continued.

No. of
Shares.

D etailed Statem ent o f B a n k Stocks — Concluded.

37
30
117
68

Par Value.

Collateral Loan Co., Boston, .
Bay State N ’l Bank, Lawrence,
Railroad Nat’l Bank, Lowell, .
First National Bank, Malden, .

$3,700
2,250
11,700
6,800
$227,650

Estimated
Market Value.

$5,180
3,540
14,976
10,778

Amount Invested.

00
00
00
00

$269,102 25

$3,700
2,250
13,839
7,480

00
00
00
00

$261,050 00

N ote. — This bank held nine shares of the National City Bank, Boston, which have been
charged off.

D etailed Statem ent o f R ailroad Bonds.

Par Value.

Concord & Montreal R.R. 4s, .
Fitchburg R.R. 4s,
Fitchburg R.R. 5s,
Maine Central R.R. 4s,
Maine Central R.R. 4ès, .
N ew York, New Haven & Hartford
R.R. 4 s , ..................................................
Old Colony R.R. 4s, .

$50,000
25,000
25,000
25,000
25,000

Estimated
Market Value.

$53,750
26,557
26,700
26,335
27,672

Amount Invested.

00
50
00
00
50

$50,000
25,000
25,000
25,000
25,000

00
00
00
00
00

25,000
30,000

27,907 50
32,577 00

25,000 00
30,000 00

$205,000

$221,499 50

$205,000 00

Total A m ou nt o f L oa n s, with E ach Specified R ale o f Interest.

Amount.

$2,949 73
70,445 63
100,000 00

236,000 00

Rate.

2 per cent.
2è
“

3$
4

“
“

Amount.

$45,000 00
211,000 00

1,062,063 54

Rate.

4;} per cent.
4i
“
5
“

$3,000 00
33,250 00
2,500 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, 1898,
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, 457
Aggregate amount of the s a m e , ........................................................................
Total number of loans upon real e s t a t e , ............................................. 550


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

Rate.

Amount.

5£ per cent.
“

6

7

$81,000
78.000
61.000
2,199

00

00
00
86

15,375 00
26,000 00
542,529 25

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

343

SAVINGS BANK COMMISSIONERS.

No. 8.]

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.
Jam es W

ig h t ,

Present number of corporators, 12.

President.

G eorge E . B a t c h e l d e r , Treasurer.

E d g a r N. H unt , Clerk o f the Corporation.

Names of committee charged with the investment of its funds:
Ja m e s W

ig h t ,

W il l ia m A. L a n g ,
E d w a r d F. P a r k e r .

Open for business every business day except Saturdays, 8.30 to 11
4 p . m . ; Saturdays, 8.30 a .m . to 12 m .

a .m .

; 2.30 to

B a l a n c e S h e e t O c t o b e r 31, 1898.

L ia b il it ie s .

A ssets.

Public funds, as per schedule, .
Bank stock, as per schedule,
Loans on bank stock,
Railroad bonds, as per schedule,
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Deposit in bank, not on interest, .

$ 2,000 00
1,600 00
850 00
11,000 00

884
56,820
9,500
171

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

$80,341 10
756 01
1,729 82

12
84
00
97

$82,826 93

$82,826 93

Cash on Deposit in Bank : —
First National Bank, Reading................................................................................$171 97
Loans on Bank Stock, amount on each : —
3 shares First National Bank, Reading,
10 shares Blackstone National Bank, Boston,


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

$250 00
600 00

[Pub. Doc.

REPORT OF THE

344

Mechanics’ Savings Bank, Reading — Continued.
D etailed Statem ent o f P ublic F u nd s.

Par Value.

Town of Reading, Mass., 4s,

$2,000

.

Estimated
Market Value.

Amount Invested.

$2,000 00

$2,045 00

D etailed Statem ent o f B a n k Stocks.
<*-• n
O’ <v
è

Par Value.

Estimated
Market Value.

$1,600

$1,840 00

é

16

First National Bank, Reading,

Amount Invested.

$1,600 00

D etailed Statem ent o f R ailroad Bonds.

Par Value.

Fitchburg R.R. 4s, .
Fitchburg R.R. 5s, .
Maine Central R.R. 4s,
Maine Central R.R. 4£s,
Upper Coos R.R. 4s,

.
.

.

.

$5,000
2,000
2,000
1,000
1,000
$11,000

Estimated
Market Value.

$5,222
2,130
2,085
1,095
1,040

00
00
00
00
00

$11,572 00

Amount Invested.

$5,000
2,000
2,000
1,000
1,000

00
00
00
00
00

$11,000 00

Total A m ount o f L o a n s, w ith E ach S pecified R ate o f Interest.

Amount.

$15,130 00

Rate.

5 per cent.


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

Amount.

$7,000 00

Rate.

5£ per cent.

Amount.

$45,040 84

Rate.

6 per cent.

No. 8.]

SAYINGS BANK COMMISSIONERS.

345

Mechanics’ Savings Bank, Reading — Concluded.
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,
54
Aggregate amount of the s a m e , ........................................................................
Total number of loans upon real e s t a t e , ............................................. 46
Amount of investments from which no income is received, .
.
.
.
Gross amount of interest or profits received or earned, as per books, during
year ending Oct. 31, 1 8 9 8 ,...................................................... .........
Times for the dividends fixed by the by-laws: first Saturday in June and
December.
Rate and amount of each semi-annual dividend f 2 percent., $1,226 89 1
during the year ending Oct. 31, 1898,
.
. 1 2 per cent.,
1,317 55 J
Number of accounts opened during the year ending Oct. 31, 1898,
. 116
Number of accounts closed during the year ending Oct. 31, 1898,
. 67
Total number of open accounts Oct. 31, 1 8 9 8 , .................................... 415
Total expenses of the corporation for the year ending Oct. 31, 1898 (ex­
clusive of taxes),
..........................................................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 8 9 8 ,..........................................................................................
Number of s a m e ,..........................................................................................512
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1898............................................................................................................
Number of s a m e , ..........................................................................................359
Date of examination by commissioner: March 23.


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

$884 12
1,200 00
67,170 84
884 12
3,870 59

2 544 44

167 46
35,459 66

24,394 17

346

REPORT OF THE

[Pub. Doc

M ED FORD S A V IN G S B A N K — M ED FOR D.

Incorporated Feb. 26, 1869.

Present number of corporators, 96.

D a n ie l W . L a w r e n c e , President.
C h ar le s B . B uss , 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 W . L a w r e n c e ,
B en ja m in F . H a y e s ,
D a n ie l A. G leaso n ,
F r a n k E. C h a n d l e r ,
C h ar l e s M. B a r r e t t .

Open for business every business day, 8 to 11 a . m . ; 3 to 6
7 to 9 p . m .

p .m .

: also Saturdays,

B a l a n c e S h e e t O c t o b e r 31, 1898.

A sset^

Public funds, as per schedule, .
Bank stock, as per schedule,
Railroad bonds, as per schedule,
Real estate (for banking pur­
poses),
....................................
Real estate by foreclosure,.
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
(notes).........................................
Deposits in banks, on interest, .
Cash on hand, .
.
.
.

L ia b il it ie s .

$170,500 00
41,600 00
64.000 00
20.000 00

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

$1,582,213 51
48,000 00
34,995 78
8,149 14

6,442 57
992,141 72
315,500 00
6,000 00

52,550 17
4,623 97
$1,673,358 43

$1,673,358 43

Cash on Deposit in Banks, amount in each: —
National Bank of Commerce, B o s to n ,............................................................... $25,146 68
National Exchange Bank, B o s t o n , ...............................................................
27,403 49


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

No. 8.]

SAYINGS BANK COMMISSIONERS

347

Medford Savings Bank — Continued.
D etailed Statem ent o f P u blic F unds.

Par Value.

City of Beverly, Mass , 4s,
of Biddeford, Me., 4s,
of Fall River, Mass., 6s,
of Lynn, Mass., 5s, .
of Malden, Mass., 4s,
of Medford, Mass., 4s,
of Providence, R. I., 4s,
Town of Arlington, Mass., 4s,
of Hartland, Me,, 44s,
of Natick, Mass., 4s,
of Wellesley, Mass., 4s,
United States 4s,
.
.
.

.

.
.

.

$15,000
14,500
3,000
5,U00
3,000
45,000
25,000
5,000
10,000
5,000
15,000
25,000
$170,500

Estimated
Market Value.

$16,200
14,790
3,540
5,400
3,120
48,750
28,500
5,350
10,000
5,025
16,050
31,750

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

$188,475 00

Amount Invested.

$15,000
14,500
3,000
5,000
3,000
45,000
25,000
5,000
10,000
5,000
15,000
25,000

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

$170,500 00

* A legal investment when made.

No. of
Shares.

D etailed Statem ent o f B a n k Stocks.

22
25
20
15
15
10
25
62
40
15
10
55
20
3
6
20

16
12
25

Par Value.

Blackstone Nat’l B’k, Boston,.
Boston National Bank, Boston,
Commercial N ’l Bank, Boston,
Continental N ’l Bank, Boston,
Hamilton N ’l Bank, Boston, .
Market National Bank, Boston,
Monument Nat’l B’k, Boston, .
N ’l Bank of Commerce, Boston,
National Bank of the Commonwealth, Boston, .
N ’l B’k of the Republic, Boston,
National Eagle Bank, Boston,
Nat’l Exchange Bank, Boston,
N ’l Hide & Leather B’k, Boston,
National Revere Bank, Boston,
National Webster B’k, Boston,
North National Bank, Boston,
Suffolk National Bank, Boston,
Winthrop Nat’l B’k, Boston, .
Central National Bank, Lynn,


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

Estimated
Market Value.

Amount Invested.

$2,200
2,500
2,000
1,500
1,500
1,000
2,500
6,200

$1,716
2,481
1,520
1,800
1,710
770
4,900
6,541

00
25
00
00
00
00
00
00

$2,200
2,500
2,000
1,500
1,500
1,000
2,500
6,200

00
00
00
00
00
00
00
00

4,000
1,500
1,000
5,500
2,000
300
600
2,000
1,600
1,200
2,500

5,800
2,148
880
7,177
2,135
276
613
2,040
1,696
1,632
3,750

00
75
00
50
00
00
50
00
00
00
00

4,000
1,500
1,000
5,500
2,000
300
600
2,000
1,600
1,200
2,500

00
00
00
00
00
00
00
00
00
00
00

$41,600

$49,587 00

$41,600 00

[Pub. Doc

REPORT OF THE

348

Medford Savings Bank — Concluded.
D etailed Statem ent o f R ailroad Bonds.

Par Value.

Boston & Lowell R.R. 4 s ,.
Fitchburg R.R. 4s,
Fitchburg R.R. 5s,
Portland & Ogdensburg R.R. 6s,
Troy & Boston R.R. 7s,

Estimated
Market Value.

$20,000
25.000
3.000
10.000
6.000

$21,600
26,550
3,202
10,350
9,000

00
00
50
00
00

$64,000

$70,702 50

Amount Invested.

$20,000
25.000
3.000
10.000
6.000

00
00
00
00
00

$64,000 00

Total A m ou nt o f L oans, with E ach Specified R ate o f In terest.

Amount.

$52,550 17
50,000 00
156,000 00

Kate.

2 per cent.

3£
4

“
“

Amount.

$15,000 00
91,660 00
745,270 00

Rate.

4J per cent.
4h
“
5
“

Rate.

Amount.

$31,800 00
223,911 72

5j per cent.
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 erw ise,............................................................................................................
Assessed value of the s a m e ,.................................................................................
Net income received from same during year ending Oct. 31, 1898,
Number of loans which are of an amount not exceeding $3,000 each, 424
Aggregate amount of the s a m e , ........................................................................
Total number of loans upon real e s t a t e , ............................................. 487
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1 8 9 8 , ...............................................................
Times for the dividends fixed by the by-laws: second Saturday in May
and November.
Rate and amount of eachsemi-annual dividend f 2 per cent., $27,472 70 1
during the year endingOct. 31, 1898,.
.
¡2 per cent.,
28,896 32 i
Number of accounts opened during the year ending Oct. 31, 1898,
. 570
Number of accounts closed during the year ending Oct. 31, 1898,
. 429
Total number of open accounts Oct. 31, 1898,
.
.
.
.
4,479
Total expenses of the corporation for the year ending Oct. 31, 1898 (ex­
clusive of taxes),
..........................................................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 3 1 ,1 8 9 8 ,..........................................................................................
Number of s a m e , .......................................................................................... 4,482
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1898............................................................................................................
Number of s a m e , ...........................................................................................3,769
Date of examination by commissioner: June 28.


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

$ 20,000 00

20.450 00
20.450 00
6,442 57
13,850 00
288 00
617,531 00

73,226 91

56,369 02

4,311 62
298,660 00

246,280 29

No. 8.]

349

SAYINGS BANK COMMISSIONERS.

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.

Present number of corporators, 36.

M ilton M . F is h e r , President.
W il l ia m H. U pton , Treasurer
W il l ia m H. U pton , Clerk o f the Corporation.

Names of committee charged with the investment of its funds:
S u m n e r R o bbin s ,
W . H . Ca r e t ,
G eo . R . D r a k e .

M . M . F is h e r ,
S. G. C l a r k ,
W . P. Cl 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 o b e r 31,1898.

L ia b il it ie s .

A ssets.

Public funds, as per schedule, .
Bank stock, as per schedule,
Loans on bank stock,
Railroad bonds, as per schedule,
Loans on railroad stock, .
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
(notes), ....................................
Loans on depositors’ books,
Deposits in banks, on interest, .
Cash on hand................................

$50,000
23,110
1,950
58,000
500
5,488
138,172
22,810

00
00
00
00
00
00
65
06

19,866
180
15,532
2,745

68
00

Deposits, .
Guaranty fund,
Interest account,
Bank liquidation ac­
count, .

$314,567 41
15,328 49
7,987 41
472 50

75
67

$338,355 81

$338,355 81

Cash on Deposit in Banks, amount in each : —
Central National Bank, B o s t o n ,........................................................................$11,192 69
Howard National Bank, B o s to n ,........................................................................
4,340 06
Loans on Bank Stock, amount on each : —
20 shares Central National Bank, B o s t o n ,...................................................... $1,750 00
5 shares Dedham National Bank, Dedham,
.............................................
200 00
Loan on Railroad Stock : —
3 shares Boston & Albany R .R .,


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

[Pub. Doc

REPORT OF THE

350

Medway Savings Bank — Continued.
D etailed Statem ent o f P ublic F u nd s.

Par Value.

City of Boston, Mass., 4s,
of Boston, Mass., 6s,
of Brockton, Mass., 4s.,
of Detroit, Mich., 6s,
of Fort Wayne, Ind., 6s, .
of Grand Rapids, Mich., 4£s,
of Grand Rapids, Mich., 5s,
of Milwaukee, W is , 5s, .
of Minneapolis, Minn., 4£s,
of New London, Conn., 7s,
of Quincy, Mass., 4s,
of Springfield, Ohio, 5s, .
of St. Louis, Mo., 6s,
of Waltham, Mass , 4 s , .
of Youngstown, Ohio, 5 s ,.
Town of Melrose, Mass., 4s,
County of Aroostook, M e., 4£s,

.

Estimated
Market Value.

$2,000
2,000
3,000
1,000
3,000
3,000
2,000
2,000
7,000
1,000
1,000
6,000
1,000
5,000
5,000
1,000
5,000
$50,000

$2,120
2,340
3,000
1,180
3,065
3,210
2,170
2,340
8,105
1,030
1,005
6,770
1,005
5,400
5,300
1,050
5,250

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

$54,340 00

Amount Invested.

$2,000
2,000
3,000
1,000
3,000
3,000
2,000
2,000
7,000
1,000
1,000
6,000
1,000
5,000
5,000
1,000
5,000

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

$50,000 00

* A legal investment when made.

No. of
Shares.

D etailed Statem ent o f B a n k Stocks.

6
18
30
30
10
25
10
15
15
13
20
20
17
3

Par Value.

Atlas National Bank, Boston, .
Boston National Bank, Boston,
Central Nat’l Bank, Boston. .
First Ward N ’l Bank, Boston,.
Howard Nat’l Bank, Boston, .
Manufacturers’ N ’ l B’k, Boston,
Market National Bank, Boston,
Mt. Vernon N ’l B’k, Boston, .
N’l Hide & Leather B’k, Boston,
National Revere Bank, Boston,
Shawmut Nat’l Bank, Boston,.
Dedham Nat’l Bank, Dedham,
Franklin Nat’l Bank, Franklin,
Wrentham N ’l B’k, Wrentham,


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

$600
1,800
3,000
3,000
1,000
2,500
1,000
1,500
1,500
1,300
2,000
2,000
1,700
210
$23,110

Estimated
Market Value.

Amount Invested.

$654
1,786
3,570
3,900
972
2,500
770
1,443
1,601
1,196
2,440
2,100
1,989
210

$600
1,800
3,000
3,000
1,000
2,500
1,000
1,500
1,500
1,300
2,000
2,000
1,700
210

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

$25,133 00

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

$23,110 00

No. 8.]

351

SAYINGS BANK COMMISSIONERS

Medway Savings Bank — Continued.
D etailed Statem ent o f R ailroad Bonds.
Estimated
Market Value.

Par Value.

Boston, Clinton & Fitchburg R.R. 5s,
Boston & Lowell R.R. 4 s ,.
Boston & Maine R.R. 4£s,
Boston & Providence R.R. 4s, .
Concord & Montreal R.R. 4s, .
Fitchburg R.R. 4s, .
Fitchburg R.R. 5s, .
Maine Central R.R. 4£s, .
Maine Central R.R. 6s,
Newport & Richford R.R. 5s, .
Old Colony R.R. 4s.................................
Portland & Ogdensburg R.R. 6s,
Portsmouth, Great Falls & Conway R.R. 4£s,
.
.
.
.
St. Johnsbury & Lake Champlain
R.R. 5s, .
........................................
Vermont & Massachusetts R.R. 5s, .
Worcester, Nashua & Roch. R.R. 4s,

$2,300
5,230
6,220
3,300
5,400
5,375
3,330
8,840
2,090
2,200
3,360
2,100

$2,000
5,000
5,000
3,000
5,000
5,000
3,000
8,000
2,000
2,000
3,000
2,000

Amount Invested.

$2,000
5,000
5,000
3,000
5,000
5,000
3,000
8,000
2,000
2,000
3,000
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

4,000

4,880 00

4,000 00

3,000
1,000
5,000

3,870 00
1,060 00
5,350 00

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

$58,000

$64,905 00

$58,000 00

* A legal investment when made.

Total A m ou nt o f L oans, with Each Specified Rate o f Interest.

Rate.

Amount.

$15,532 75
3,000 00
7,366 68

per cent.
“
4
“

2

H

Amount.

$6,300 00
3,000 00
29,050 00

Rate.

Amount.

Rate.

$3,000 00
131,762 71

4J per cent.
4i
“
5
“

6

per cent.
“

$5,488 00
Value, by books, of real estate, held or owned by foreclosure or otherwise,
5,750 00
Assessed value of the same......................................................................................
Number of loans which are of an amount not exceeding $3,000 each, 245
121,882 71
Aggregate amount of the s a m e , ........................................................................
Total number of loans upon real e s t a t e , ............................................. 175
Gross amount of interest or profits received or earned, as per books,
16,485 85
during year ending Oct. 31, 1 8 9 8 , ...............................................................
Times for the dividends fixed by the by-laws: June 1 and December 1.
Rate and amount of each semi-annual dividend f 2 per cent., $5,530 40 1 11,259 54
during the year ending Oct. 31, 1898,
.
. t 2 per cent.,
5,729 14 )
Number of accounts opened during the year ending Oct. 31, 1898,
. 183
Number of accounts closed during the year ending Oct. 31, 1898, . 131
Total number of open accounts Oct. 31, 1898,


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

.

.

.

.

1,220

352

[Pub. Doc.

REPORT OF THE

Medway Savings Bank — Concluded.
Total expenses of the corporation for the year ending Oct. 31, 1898 (ex­
clusive of taxes),
.......................................................................................... $1,195 03
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 8 9 8 ,..........................................................................................
68,918 14
Number of s a m e , ................................................................................. 1,186
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1898,
.
.................................................................................
57,525 29
Number of s a m e ,..........................................................................................981
Date of examination by commissioner : January 7.


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Federal Reserve Bank of St. Louis

i

No. 8.]

353

SAYINGS BANK COMMISSIONERS.

M ELRO SE S A V IN G S B A N K — M ELRO SE.
Incorporated April 15, 1872.

Present number of corporators, 27-

D a n ie l R u ssell , President.
E l b r id g e H . G oss , Treasurer.
John L a r r a b e e , Clerk o f the Corporation.

Names of committee charged with the investment of its funds:
G eorge N e w h a l l ,
S eth E . B enson ,
D a n ie l N orton .

Open for business every business day, 8.30 to 11 a . m . ; 2 to 5 p . m . ; also Saturdays,
7 to 8 p . m .

B a l a n c e S h e e t O ctober 31, 1898.

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,
Boston Terminal Co. bonds,
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
( n o t e s ) ,....................................
Deposits in banks, on interest, .
Suspense account,
Cash on hand, .
.
.
.

$186,000
300
4,150
148

$863,646 33
18,016 72
44,575 67

Deposits, .
Guaranty fund,
Interest account,

00

00
00
00

10,000 00

38,310 96
529,740 00
24,078 91
87,000
43,346
209
2,954

00

79
85
21
$926,238 72

$926,238 72

Cash on Deposit in Banks, amount in each: —
National Bank of the Republic, B o s t o n , ...................................................... $6,240 19
Winthrop National Bank, B o s t o n , ............................................................... 2,191 38
Melrose National Bank, M elrose,........................................................................
34,915 22*

* This amount has since been reduced within the legal limit.
Loan on Public Funds: —
$1,000 Town of Danvers, Mass., 6 s

, ............................................................... $300 00

Loan on Bank Stock: —
2 shares Melrose National Bank, Melrose,


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Federal Reserve Bank of St. Louis

.

.

.

.

.

.

.

$148 00

354

REPORT OF THE

[Pub. Doc

Melrose Savings Bank — Continued.
D etailed Statem ent o f P u blic F u nd s.

Par Value.

City of Altoona, Pa., 4s, .
of Belfast, Me., 4s, .
of Boston, Mass , 4 s ,.
of Brockton, M a ss, 5s,
of Columbus, Ohio, 4s,
of Kansas City, Mo , 4 ¿ s ,.
of Malden, Mass., 4s,
of Portland, Me , 6s,
Town of Danvers, Mass , 4s, .
of Melrose, Mass., 4s,
of Reading, Mass., 4s, .
of Winchester, Mass., 4s,

$6,000
10,000
7,000
8,000
5,000
10,000
12,000
5,000
6,000
103,000
9,000
5,000
$186,000

Estimated
Market Value.

$6,480
10,725
7,070
9,240
5,087
11,250
12,710
6,025
6,540
110,732
9,925
5,492

Amount Invested,

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

$201,277 50

$6,000
10,000
7,000
8,000
5,000
10,000
12,000
5,000
6,000
103,000
9,000
5,000

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

$186,000 00

* A legal investment when made.

No. of
Shares.

D etailed Statem ent o f B an k Stocks.

27
28

Par Value.

Everett Nat’l Bank, Boston, .
Freeman’s N ’l Bank, Boston, .

Estimated
Market Value.

Amount Invested.

$1,350
2,800

$1,080 00
2,800 00

$1,350 00
2,800 00

$4,150

$3,880 00

$4,150 00

Total A m ou nt o f L oa n s, with E ach Specified R ate o f In terest.

Amount.

$43,346 79
50.000 00
10.000 00

Rate.

2
3|
3|

per cent.
«
“

Amount.

$10,000 00
76,942 78

Rate.

4 per cent.
5
“

Amount.

$3,200 00
491,124 13

Value, by books, of real estate, held or owned by foreclosure or otherwise,
Assessed value of the same (some buildings uncompleted),
Number of loans which are of an amount not exceeding $3,000 each, 452
Aggregate amount of the s a m e , ........................................................................
Total number of loans upon real e s t a t e , ............................................. 465
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1 8 9 8 , ...............................................................
Times for the dividends fixed by the by-laws: January 1 and July 1.


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Federal Reserve Bank of St. Louis

Rate.

5¿ per cent.
6
“

$38,310 96
36,800 00
471,390 00

41,200 88

No. 8 .]

SA Y IN G S B A N K COM M ISSION ERS

355

Melrose Savings Bank — Concluded.
Rate and amount of each semi-annual dividend f 2 per cent., $14,963 11 1
$30,463 89
during the year ending Oct. 31, 1898,
.
. ( 2 per cent.,
15,500 78 J
Number of accounts opened during the year ending Oct. 31, 1898,
. 689
Number of accounts closed during the year ending Oct. 31, 1898,
. 545
Total number of open accounts Oct. 31, 1898,
.
.
.
.
3,971
Total expenses of the corporation for the year endin'g Oct. 31, 1898 (ex­
clusive of taxes),
.........................................................................................
3,588 78
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 8 9 8 ,..........................................................................................
252,944 28
Number of s a m e , .................................................................................5,010
Amount of withdrawals, including dividends, during the year ending
Oct 31, 1898........................................................................ ........
233,831 14
Number of same.................................................................... .........
,
3,720
Date of examination by commissioner : March 7.


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Federal Reserve Bank of St. Louis

356

R E P O R T O F TH E

[Pub. D oc

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.
W

il l i a m

Present number of corporators, 45.

H . H a s k e l l , President.
D a n ie l J. P o o r e , Treasurer.
W i l l i a m B . S a r g e n t , Clerk o f the Corporation.

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

il l ia m

H . H askell,
H . 0 . D elano,
T h om a s H . H o y t .

Open for business every business day except Saturdays, 8.30
3 p . m . ; Saturdays, 8.30 a . m . to 12 m .

a .m .

to 12 m . ; 1.30 to

B a l a n c e S h e e t O ctober 31, 1898.

A ssets.

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

L ia b il it ie s .

$97,000
9,100
3,800
69.000
1,400
5.000
10,570
233,937
65,475

00
00
00
00
00
CO
97

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

$515,219 96
25,500 00
406 86

00

00

3.000 00
33.000 00
9,843 85
$541,126 82

$541,126 82

Cash on Deposit in Banks, amount in each: —
Essex National Bank, Haverhill,........................................................................ $10,000 00
Merchants’ National Bank, Haverhill..................................................................
8,000 00
First National Bank, M e r r im a c ,........................................................................
24,843 85


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Federal Reserve Bank of St. Louis

N o. 8 .]

SA V IN G S B A N K CO M M ISSION ERS

357

Merrimac Savings Bank — Continued.
Loans on Bank Stock, amount on each : —
6

3
11
10
5
10

shares First National Bank,M e r r im a c ,.............................................................. $600
shares First National Bank, M errim ac,.......................................................
300
shares First National Bank, Merrimac.......................................................
650
shares First National Bank, M e r rim a c ,.......................................................
1,000
shares Merrimack National Bank, Haverhill,.............................................
350
shares First National Bank, Reading..............................................................
900

00
00
00
00
00
00

Loans on Railroad Stock, amount on each: —
10 shares Boston & Maine R . R . , ........................................................................$800 00
5 shares Old Colony R . R . , .................................................................................
600 00

D eta iled Sta tem en t o f P u b lic F u n d s .

Par Value.

City of Concord, N. H., 4s,
of Chicago, 111., 7s, .
of Dayton, Ohio, 4s, .
of Haverhill, Mass., 4s, .
of Keene, N. H., 4s, .
of Ljn n , Mass , 4s, .
of Meriden, Conn., 4s,
of Newton, Mass., 4s,
of Quincy, Mass., 4s,
of ¡Stamford, Conn., 4s,
of Waterbury, Conn., 4s, .
Town of Auburn, Me., 4s,
County of Aroostook, Me., 4^s,

Estimated
Market Value.

$7,000
7,000
8,000
20,000
2,000
5,000
5,000
5,000
8,000
5,000
5,000
5,000
15,000
$97,000

$7,665
7,140
8,180
20,600
2,150
5,150
5,212
5,362
8,190
5,350
5,425
5,425
16,050

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

$101,900 00

Amount Invested.

$7,000
7,000
8,000
20,000
2,000
5,000
5,000
5,000
8,000
5,000
5,000
5,000
15,000

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

$97,000 00

* Legal investments when made.

No. of
Shares.

Detailed Statement o f Bank Stocks.

8
17
10
51
10

Par Value.

Powow River National Bank,
Amesburv, .
.
.
.
Blackstone N ’I Bank, Boston,.
First National Bank, Lynn,
First Nat’l Bank, Merrimac, .
Océan N ’1 B’k, Newburyport, .


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

$800
1,700
1,000
5,100
500
$9,100

Estimated
Market Value.

$1,040
1,326
1,250
7,140
500

00
00
00
00
00

$11,256 00

Amount Invested.

$800
1,700
1,000
5,100
500

00
00
00
00
00

$9,100 00

358

R E P O E T O F TH E

[Pub. Doc,

Merrimae Savings Bank— Concluded.
Detailed Statement o f Railroad Bonds.

Par Value.

Boston & Lowell R.R. 4 s ,.
Boston & Maine R.R. 4s, .
Concord & Montreal R.R. 4s, .
Fitchburg R.R. 4s....................................
Fitchburg R R 4£s, .
.
.
.
Maine Central R.R. 4s,
Old Colony R.R. 4s, .

$5,000
20,000
11,000
15,000
5.000
7.000
6.000
$69,000

Estimated
Market Value.

$5,225
22,450
11,880
15,300
5,525
7,350
6,615

Amount Invested.

00
00
00
00
00
00
00

$74,345 00

$5,000
20,000
11,000
15,000
5.000
7.000
6.000

00
00
00
00
00
00
00

$69,000 00

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

Bate.

Amount.

$23,000 00
13,000 00

3^ per cent.
4
“

Amount.

;

$43,000 00
134,120 00

Kate.

4J per cent.
5
“

Amount.

$21,400 00
106,092 00

Kate.

5^ per cent.
6

Value, by books, of real estate, held or owned by foreclosure or otherwise,
$10,570 97
Assessed value of the s a m e ,.................................................................................
12,100 00
Number of loans which are of an amount not exceeding $3,000 each, 163
Aggregate amount of the s a m e , ........................................................................
132,312 00
Total number of loans upon real e s t a t e , .............................................158
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1 8 9 8 , ...............................................................
24,868 55
Times for the dividends fixed by the by-laws: third Wednesday in April
and October.
Rate and amount of each semi-annual dividend f 2 per cent.,
$9,958 18 )
19,857 98
during the year ending Oct. 31, 1898,
.
I 2 per cent.,
9,899 80 3
Number of accounts openedduringthe year ending Oct. 31, 1898,
.
98
Number of accountsclosed during the year ending Oct. 31, 1898,
.
86
Total number of open accounts Oct. 31, 1898,
.
.
.
.
1,498
Total expenses of the corporation for the year ending Oct. 31, 1898 (ex­
clusive of taxes).....................................................................................................
2,001 22
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1898, ..........................................................................................
39,085 33
Number of s a m e , ........................................................................................632
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 8 9 8 , ...................................................................................................
54,793 54
Number of s a m e , ........................................................................................764
Date of examination by commissioner: June 9.


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Federal Reserve Bank of St. Louis

No. 8 .]

SA Y IN G S B A N K COM M ISSIONERS

359

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.

Present number of corporators, 34.

C h a r l e s E . A d a m s , President.
N. G. L a m 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:
C. F. V a r n u m ,
N. G. L a m so n ,

P. P. P e r h a m ,
B. F. S a r g e n t ,
H . C. T a f t .

Open fo r 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 c t o b e r 31, 1898.

L ia b il it ie s .

A ssets.

Bank stock, as per schedule,
Loans on bank stock,
Kailroad bonds, as per schedule,
Heal estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
( n o t e s ) ,....................................
Loans on depositors’ books,
Deposits in banks, on interest, .
Bennett Spinning Co. stock,* .
Cash on hand.................................

$105,850
4,200
55,000
8,500
832,794
497,448

25
00
00
00
22
78

$1,456,500 69
58,000 00

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

68,587 78

6,000 00

1,520
52,733
15,100
3,941

00
82
00
40
$1,583,088 47

$1,583,088 47
* Taken to secure indebtedness.
Cash on Deposit in Banks, amount in each: —
Old Lowell National Bank, Lowell,
.
.
Wamesit National Bank, Lowell..............................

.

$15,000 00
37,733 82

Loans on Bank Stock, amount on each: —
17 shares Wamesit National Bank, Lowell, .
20 shares Wamesit National Bank, Lowell, .
5 shares Wamesit National Bank, Lowell, .


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Federal Reserve Bank of St. Louis

$1,700 00

2,000 00
500 00

360

R E P O R T O F TH E

[Pub. D oc

Merrimack River Savings Bank — Continued.

No. of
Shares.

Detailed Statement o f Bank Stocks.

25
45
17
50
20
15
20
28
23
20
35
40
40
51
62
104
79
7
15
34
55
7
16
28
102

Par Value.

Atlantic Nat’l Bank, Boston, .
Atlas National Bank, Boston, .
Blackstone N ’l Bank, B oston,.
Boston National Bank, Boston,
Columbian N ’l Bank, Boston, .
Continental N ’l Bank, Boston,
Eliot N ’l Bank, Boston, .
Faneuil Hall N ’l Bank, Boston,
Fourth National Bank, Boston,
Globe National Bank, Boston,
Hamilton Nat’ l Bank, Boston,.
Howard Nat’l Bank, Boston, .
Metropolitan N ’l B’k, Boston,.
N ’l B’k of Commerce, Boston,.
N ’l B’k of No. America, Boston,
N ’l B’k of Hedemption, Boston,
N ’l Hide & Leather B’k, Boston,
Nat’l Webster Bank, Boston, .
North National Bank, Boston, .
Old Boston N ’l Bank, B oston,.
Shawmut Nat’l Bank, Boston,.
State National Bank, Boston, .
Suffolk National Bank, Boston,
Tremont National B ’k, Boston,
Wamesit Nat’l Bank, Lowell, .

$2,500
4,500
1,700
5,000
2,000
1,500
2,000
2,800
2,300
2,000
3,500
4,000
4,000
5,100
6,200
10,400
7,900
700
1,500
3,400
5,500
700
1,600
2,800
10,200
$93,800

Estimated
Market Value.

$2,775
4,815
1,334
4,950
1,930
1,725
2,600
3,500
2,737
2,000
3,990
3,880
3,600
5,355
6,355
11,752
8,374
714
1.530
3,740
6,490
777
1,696
1,988
12,954

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

$101,561 50

Amount Invested.

$2,845
4,500
1,700
5,000
2,000
1,837
2,405
3,654
2,300
2,000
3,844
4,000
4,000
6,076
7,351
12,491
8,292
700
1,500
3,554
6,592
700
1,600
2,800
14,105

00
00
00
00
00
50
00
00
00
00
50
00
00
75
50
50
50
00
00
60
50
00
00
00
00

$105,850 25

Detailed Statement o f Railroad Bonds.
•

Boston & Lowell R.R. 4 s ,.
Boston, Revere Beach & Lynn R.R.
4£s......................................... .........
.
Fitchburg R R 4s, .
Fitchburg R.R. 4^s, .
.
.
.


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Federal Reserve Bank of St. Louis

Par Value.

Estimated
Market Value.

Amount Invested

$20,000

$21,500 00

$20,000 00

15.000
10.000
10,000

17,212 50
10,200 00
11,075 00

15.000 00
10.000 00
10,000 00

$55,000

$59,987 50

$55,000 00

No. 8 .]

361

SA Y IN G S B A N K COM M ISSION ERS

Merrimack River Savings Bank — Concluded.
Total Amount of Loans, with Each Specified Rate o f Interest.

Amount.

$37,733 82
15,000 00
281,000 00

Kate.

per cent.
“
4
“

2

2h

Amount.

$79,500 00
87,050 00
766,059 22

Rate.

4| per cent.
4£
“
5
“

Rate.

Amount.

$82,418 78
45,735 00

6

200 00

7

per cent.
“

$8,500 00
Value, by books, of real estate, held or owned by foreclosure or otherwise,
9,750 00
Assessed value of the s a m e ,............................................................... ........
564 23
Net income received from same during year ending Oct. 31, 1898,
Number of loans which are of an amount not exceeding $3,000 each, 201
311,288 78
Aggregate amount of the s a m e , ........................................................................
Total number of loans upon real e s t a t e , ............................................. 267
22,500 00
Amount of investments from which no income is received,
Gross amount of interest or profits received or earned, as per books,
68,970 34
during year ending Oct. 31, 1 8 9 8 , ...............................................................
Times for the dividends fixed by the by-laws: first Saturday in May and
November.
Rate and amount of each semi-annual dividend f 2 per cent., $26,787 89 r
54,195 90
during the year ending Oct. 31, 1898,
.
. 1 2 per cent., 27,408 01 j
Number of accounts opened during the year ending Oct. 31, 1898,
. 368
Number of accounts closed during the year ending Oct. 31, 1898,
. 283
Total number of open accounts Oct. 31, 1898,
.
.
.
.
2,653
Total expenses of the corporation for the year ending Oct. 31, 1898 (ex­
4.483 32
clusive of taxes),
................................................................................
Amount of deposits, not including dividends, received during the year
194,736 38
ending Oct. 31, 1 8 9 8 ,.........................................................................................
Number of s a m e , ..........................................................................................1,626
Amount of withdrawals, including dividends, during the year ending Oct.
178,999 13
31, 1898, ......................................................... .....................................................
Number of s a m e , ..........................................................................................1,820
Date of examination by commissioner: March 15.


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

R E P O R T O F TH E

362

[Pub. Doc

M ID D LEB O K O U G H S A V IN G S B A N K — M ID D LEB O R O U G H .

Incorporated March 15, 1873.
J a m e s H . H a r l o w , President.
A ndrew M. W

Present number of corporators, 36.
A ndrew M. W

ood,

o od ,

Treasurer.

Clerk o f the Corporation.

Names of committee charged with the investment of its funds :
J a m e s H. H a r l o w ,
E v e r e t t T. L in c o l n ,
C h a r l e s F. C o r n is h ,
M a t t h e w H. C u s h in g ,
G eorge B r a y t o n .

Open for business every business day, 9 a . m . to 12 m . ; 2 to 4
7 to 8 p . m .

p .m .

; also Saturdays,

B a l a n c e S h e e t O c t o b e r 31, 1898.

A ssets.

Public funds, as per schedule, .
Bank stock, as per schedule,
Hailroad bonds, as per schedule,
Boston Terminal Co. bonds,
Heal estate (for banking pur­
poses)..........................................
Real estate by foreclosure,.
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
( n o t e s ) ,....................................
Loans on depositors’ books,
Deposits in banks, on interest, .
Cash on hand, .
.
.
.

L ia b il it ie s .

$183,350
9,900
79.000
15.000

00
00
00
00

44.000
6,821
491,912
122,648

00
33
62

78,855
500
63,142
2,999

00
00
54
39

Deposits, .
Guaranty fund,
Interest account,

$1,045,505 58
40,500 00
12,123 30

00

$1,098,128 88

$1,098,128 88

Cash on Deposit in Banks, amount in each: —
Mechanics’ National Bank, Boston,
First National Bank, Merrimac................................
Middleborough National Bank, Middleborough, .
Pynchon National Bank, Springfield, .


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

$11,635 97
10,000 00

11,506 57
30,000 00

N o. 8 .]

363

SA V IN G S B A N K COM M ISSION ERS

Middleborough Savings Bank — Continued.
Detailed Statement o f Public Funds.
Estimated
Market Value.

Par Value.

City of Akron, Ohio, 5s, .
of Bay City, Mich., 5s,
of Boston, Mass ,4 s ,
of Burrillville, R. I., 4s, .
of Canton, Ohio, 5s, .
of Chicago, 111., 7s, .
of Dayton, Ohio, 5s, .
of Dover, N. H., 4s, .
of Fort Wayne, Ind , 4 £ s ,.
of Kansas City, Mo., 4£s, .
of Lynn, Mass., 4s, .
of Oshkosh, W is., 4Js,
of Rockford, III., 4^s,
of Springfield, Ohio, 6s, .
of Youngstown, Ohio, 6s,
Town of Weymouth, Mass., 4s,
County of Washington, Me., 4s,
United States 5s,
.
.
.

$6,901
10,325
6,000
5,162
47,095
2,021
11,525
5,025
5,525
11,300
15,975
14,880
10,725
1,005
3,128
6,480
20,950
11,300

$6,700
10,000
6,000
5,000
45,200
2,000
10,000
5,000
5,000
10,000
15,000
13,500
10,000
1,000
2,950
6,000
20,000
10,000
$183,350

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

$195,323 25

Amount Invested.

$6,700
10,000
6,000
5,000
45,200
2,000
10,000
5,000
5,000
10,000
15,000
13,500
10,000
1,000
2,950
6,000
20,000
10,000

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

$183,350 00

* Legal investments when made.

No. of
Shares.

Detailed Statement o f Bank Stocks.

33
14
11
12
30
11

Par Value.

Nat’l Webster Bank, Boston, .
Suffolk National Bank, Boston,
Tremont Nat’l Bank, Boston, .
Middleborough National Bank,
Middleborough, .
National Bank of Commerce,
New Bedford,
Plymouth N ’l Bank, Plymouth,


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

Estimated
Market Value.

Amount Invested.

$3,300
1,400
1,100

$3,374 25
1,484 00
781 00

$3,300 00
1,400 00
1,100 00

1,200

1,260 00

1,200 00

1,800
1,100

1,050 00
1,155 00

1,800 00
1,100 00

$9,900

$9,104 25

$9,900 00

3(54

R E P O R T O F TH E

[Pub. Doc

Middleborough Savings Bank — Continued.
D etailed Statem ent o f R ailroad Bonds.

Par Value.

Boston & Lowell R.R 4 s ,.
Dexter & Newport R.R. 4s,
Fitchburg R.R 4s, .
.
.
.
Fitchburg R.R. os.
Grafton & Upton R.R. 4 s ,.
Old Colony R.R. 4s, .
Portland & Ogdensburg R.R. 6s,
Portland & Rumford Falls R.R. 4s, .
Rutnford Falls & Rangeley Lakes
R.R 5 s , ..................................................

$20,000
5,000
6,000
8,000
5,000
10,000
5,000
10,000

Estimated
Market Value.

$21,025
5,020
6,825
8,616
5,000
11,300
5,187
10,500

00
00
00
25
00
00
50
00

Amount Invested.

$20,000
5,000
6,000
8,000
5,000
10,000
5,000
10,000

00
00
00
00
00
00
00
00

10,000

11,700 00

10,000 00

$79,000

$84,673 75

$79,000 00

Total A m ou n t o f L o a n s , w ith E ach Specified R ate o f Interest.

Gate.

Amount.

$11,506 57
21,635 97
10,000 00

2 ^ per cent.

3
3h

“
“

Amount.

$78,000 00
10,255 00
8,300 00

Rate.

Amount.

Gate.

4 per cent.
4i
“
4i
“

$110,500 00
24,787 33
482,073 62

5 per cent.
f>4
“
6
“

Amount invested in real estate for banking purposes, .
.
.
.
.
$44,000 00
Estimated value of the s a m e , ........................................................................
44.000 00
Assessed value of the s a m e ,.................................................................................
36.000 00
Net income received from same during year ending Oct. 31, 1898,
1,167 41
Value, by books, of other real estate, held or owned by foreclosure or
otherw ise,............................................................................................................
6,821 00
Assessed value of the s a m e ,.................................................................................
6,590 00
Number ofloans which are of an amount not exceeding $3,000 each, 673
Aggregate amount of the s a m e , ........................................................................
420,802 62
Total number of loans upon real e s t a t e , .................................... ........ 510
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1 8 9 8 , ...................................................... ’
.
52,881 28
Times for the dividends fixed by the by-laws: first Monday in April and
October.
Rate and amount of each semi-annual dividend f 2 per cent., $19,272 11 )
38,969 56
during the year ending Oct. 31, 1898,
.
. 1 2 percent.,
19,697 45 J
Number of accounts opened during the year ending Oct. 31, 1898,
. 470
Number of accounts closed during the year ending Oct. 31, 1898,
. 322
Total number of open accounts Oct. 31, 1898,
.
.
.
.
3,416


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

No. 8 .]

SA V IN G S B A N K COM M ISSIONERS.

365

Middleborough. Savings B a n k — Concluded.
Total expenses of the corporation for the year ending Oct. 31, 1898 (ex­
clusive of taxes),
...............................................................
•
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1898................................................. *
Number of s a m e , .................................................................................2,742
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 8 9 8 , ...................................................................................................
Number of s a m e ,................................................................................. 2,401
Date of examination by commissioner : April 8 .


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

$3,195 62
183,062 99

169,669 53

366

R E P O R T O F TH E

[Pub. D oc.

M ID D L E S E X IN S T IT U T IO N - FOR S A V IN G S — CONCORD.
Incorporated March 4, 1835.

Present number of corporators, 20.

S a m u e l H oar , President.
H e n r y J. H osm er , Treasurer.
H e r b er t W . H osm er , Clerk o f the Corporation.

Names of committee charged with the investment of its funds :
S a m u e l H o ar ,
C h ar les H . W

L orenzo E aton ,
C h ar le s E . B r o w n .

alcott ,

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 alance

Sh eet

October

31, 1898.

A ssets.

L ia b il it ie s .

Public funds, as per schedule, .
Bank stock, as per schedule,
Railroad bonds, as per schedule,
Boston Terminal Co. bonds,
Real estate (for banking pur­
poses), ....................................
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
(notes).........................................
Deposits in banks, on interest, .
Deposits in banks, not on interest,
Expense account,
Expenses on foreclosed property,
Bennett Spinning Co. stock,* .
Howland Mills Corp’n stock,* .
Cash on hand, .
.
.
.

$11,387
176,300
272,787
36,150

50
00
50
00

10,500
42,480
492,865
419,725

00
59
91
00

45,000
53,657
4,595
2,169
1,541

49
91
50

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

$1,481,835 99
67,500 00
30,441 23
412 23
5,665 55

00
02

10,100 00

5,000 00
1,594 58
$1,585,855 00

$1,585,855 00

* Taken to secure indebtedness.

Cash on Deposit in Banks, amount in each: —
National Union Bank, B o s t o n , ........................................................................$53,657 02
Concord National Bank, C o n c o r d , ...............................................................
4,595 49

D etailed Statem ent o f Pitblic F u nd s.

Par Value.

Town of Concord, M a ss, 4s,


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

.

$10,000

Estimated
Market Value.

Amount Invested.

$11,387 50

$11,387 50

N o. 8 .]

367

SA V IN G S B A N K COM M ISSION ERS

M iddlesex Institution for Savings — Continued.

No. of
Shares.

D etailed Statem ent o f B a n k Stocks.

66
100
50
50
100
75
28
21
140
50
25
100
100
75
100
115
60
67
100
6
45
100
40
100
50
100

Par Value.

Blackstone Nat’l Bank, Boston,
Boston Nat’l Bank, Boston,
Central National Bank, Boston,
Columbian Nat’l Bank, Boston,
Eliot National Bank, Boston, .
Faneuil Hall N ’l Bank, Boston,
First National Bank, Boston, .
Hamilton Nat’l Bank, Boston,.
Howard Nat’l Bank, Boston, .
Lincoln National B ’k, Boston,.
Market Nat’l Bank, Boston,
Merchants’ N ’l Bank, Boston,.
N ’l Bank of Commerce, Boston,
N ’l B’k of No. America, Boston,
National City Bank, Boston, .
National Eagle Bank, Boston,
N ’l Hide & Leather B’k, Boston,
National Revere Bank, Boston,
Nat’l Webster Bank, Boston, .
Old Boston N 'l Bank, Boston,
Second National Bank, Boston,
Shawmut Nat’l B’k, Boston, .
Shoe & Leather N ’l B’k, Boston,
State National Bank, Boston, .
Tremont Nat’l Bank, Boston, .
Concord Nat’l Bank, Concord,

$6,600
10,000
5,000
5,000
10,000
7,500
2,800
2,100
14,000
5,000
2,500
10,000
10,000
7,500
-

11,500
6,000
6,700
10,000
600
4,500
10,000
4,000
10,000
5,000
10,000
$176,800

Estimated
Market Value.

$5,148
9,925
5,950
4,850
18,000
9,431
5,460
2,394
13,615
3,275
1,925
15,500
10,550
7,668
500
10,120
6,405
6,164
10,225
660
7,830
12,200
4,080
11,175
3,550
15,000

00
00
00
00
00
25
00
00
00
00
00
00
00
75
00
00
00
00
00
00
00
00
00
00
00
00

$196,601 00

Amount Invested.

$6,600
10,000
5,000
5,000
10,000
7,500
2,800
2,100
14,000
5,000
2,500
10,000
10,000
7,500

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

-

11,500
6,000
6,700
10,000
600
4,500
10,000
4,000
10,000
5,000
10,000

00
00
00
00
00
00
00
00
00
00
00

$176,300 00

D etailed Statem ent o f R ailroad Bonds.

Par Value.

Boston & Lowell R.R. 4 s ,.
Boston & Maine R.R. 4s, .
Boston & Maine R.R 4£s,
Concord & Montreal R.R. 4s, .
.
Conn. & Passumpsic Rivers R.R. 4s,
Eastern R R. 6s,
.
.
.
Fitchburg R.R. 4s, .
Fitchburg R.R. 5s, .
.
.
.
Maine Central R.R. 4s,
Maine Central R.R. 4£s, .
Old Colony R.R. 4s, .
Sullivan County R.R 4s, .
Portland & Rumford Falls R.R. 4 s , .


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

$15,000
10,000
25,000
50,000
10,000
37,000
25,000
25,000
15,000
20,000
20,000
10,000
10,000
$272,000

Estimated
Market Value.

$16,350
11,300
31,250
54,000
11,200
43,660
26,837
26,437
15,750
22,000
22,200
10,650
10,450

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

$302,085 00

Amount Invested.

§15,000
10,000
25,000
50,000
10,000
37,000
25,287
25,000
15,000
20,000
20,000
10,000
10,500

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

$272,787 50

368

R E P O R T O F TH E

[Pub. Doc

Middlesex Institution for Savings — Concluded.
Total A m ount o f L oa n s, with Each Specified Rate o f In terest.

Amount.

$53,657 02
119,500 00
25,000 00
120,000 00

Rate.

2

4
4i
4|

per cent.
“
“
“

Amount.

$47,000 00
10,000 00

357,115 91
155,075 00

Rate.

Amount.

ty per cent.

$121,650 00
1,900 00
350 00

4|
5
5£

»
“
“

Rate.

6

64
7

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, 198
Aggregate amount of the same,
.
.
.
.
7
. . .
.
Total number of loans upon real e s t a t e , ............................................. 226
Amount of investments from which no income is received..............................
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1 8 9 8 , ...............................................................
Times for the dividends fixed by the by-laws: first Tuesday in June and
December.
Rate and amount of each semi-annual dividend f 2 per cent., $27,188 58 1
during the year ending Oct. 31, 1898,
.
. ( 2 per cent., 27,513 75 J
Number of accounts opened during the year ending Oct. 31, 1898,
. 466
Number of accounts closed during the year ending Oct. 31, 1898,
. 341
Total number of open accounts Oct. 31, 1898,
.
.
.
.
4,426
Total expenses of the corporation for the year ending Oct. 31, 1898 (ex­
clusive of taxes),
..........................................................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 8 9 8 ,..........................................................................................
Number of s a m e , .................................................................................2,659
Amount of withdrawals, including dividends, during the year ending
...................................................................................................
Oct. 31,1898,
Number of s a m e , ................................................................................. 2,513
Date of examination by commissioner: March 10.


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

per cent.
“
«

$10,500 00
10.500 00
8,000 00

42,480 59
54,975 00
272,736 00
10.500 00
67,259 09

54,702 33

6,458 48
211,441 53

212,133 52

No. 8 .]

SA Y IN G S B A N K COM M ISSION ERS

369

M ILFO R D S A V IN G S B A N K — M IL FO R D .
Incorporated April 24, 1851.
John P. D a n ie l s , President.
Jam es E. W

Present number of corporators, 42.
James E . W

alker,

alker,

Treasurer.

Clerk o f the Corporation.

Names of committee charged with the investment of its funds:
C h ar l e s P . C l a f l in ,
J esse A . T a f t ,
J ohn P. D a n ie l s .

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

Balance

Sh eet

O ctober

a .m .

to 12

m.

; 1.30 to

31,1898.

L ia b il it ie s .

A ssets.

Public funds, as per schedule, .
Bank stock, as per schedule,
Loans on bank stock,
Railroad bonds, as per schedule,
Loans on railroad bonds, .
Loans on railroad stock, .
Boston Terminal Co. bonds,
Real estate (for banking pur­
poses), ....................................
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
( n o t e s ) ,....................................
Deposits in banks, on interest, .
Deposits in banks, noton interest,
Omaha Water Company stock
and bonds,* .
.
.
.

$232,500
177,174
980
159,000
3,000
36,500
50.000

00
74
00
00
00
00
00

25.000
11,099
657,917
589,685

00
67
00
00

Deposits, .
Guaranty fund,
Profit and loss ac­
count, .
Bank liquidation ac­
count, .

$1,978,880 12
68,172 11
19,105 10
1,432 05

93.000 00
11,307 42
8,425 55
12.000 00

$2,067,589 38

$2,067,589 38

* Taken to secure indebtedness.

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

$1,307 42
18,425 55

Loans on Bank Stock, amount on each : —
3 shares Milford National Bank, Milford,
2 shares Milford National Bank, Milford,
8 shares Milford National Bank, Milford,


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

$300 00
180 00
500 00

R E P O R T O F TH E

370

[Pub. D oc

Milford Savings Bank — Continued.
Loan on Railroad Bonds: —
$3,000 Fitchburg R .R . 5 s , .................................................................................$3,000 00
Loans on Railroad Stock, amount on each : —
285 shares Boston & Maine R .R .............................................................................$35,000 00
10 shares Boston & Albany R . R . , ...............................................................
1,500 00

D etailed Statem ent o f Public F unds.

Par Value.

City of Boston, Mass., 4s,
of Beverly, Mass., 4s,
of Bridgeport, Conn., 4s, .
of Cleveland, Ohio, 4s,
of Cleveland, Ohio, 5s,
of Dayton, Ohio, 4s, .
of Grand Rapids, Mich., 4£s,
of Lynn, Mass , 4s, .
of New Britain, Conn., 4s,
of Newport, R. I., 4s,
of Portland, Me., 6 s ,.
of Providence, R. I., 5s, .
of Woonsocket, R. I., 4s, .
Town of Framingham, Mass., 4s,
of Maynard, Mass., 4s, .
of Weymouth, Mass., 4s,
United States 4s,
.
.
.

.

$25,000
15,000
6,000
14,000
6,000
15,000
6,000
7,000
20,000
10,000
2,000
25,000
15,000
20,000
20,000
10,000
16,500
$232,500

*

Estimated
Market Value.

$28,120
16,500
6,660
14,345
6,465
15,600
6,660
7,910
20,800
11,400
2,440
28,100
16,125
21,200
22,000
11,000
18,273

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

$253,598 75

Amount Invested.

$25,000
15,000
6,000
14,000
6,000
15,000
6,000
7,000
20,000
10,000
2,000
25,000
15,000
20,000
20,000
10,000
16,500

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

$232,500 00

Legal investments when made.

Ko. of
Shares.

D etailed Statem ent o f B a n k Stocks.

10
50
15
7
150
25
48
25
42
100

Par Value.

Atlantic Nat’l Bank, Boston, .
Atlas National Bank, Boston, .
Blackstone N ’l Bank, Boston, .
Boylston Nat’l Bank, Boston, .
Central National Bank, Boston,
Continental N ’l Bank, Boston,
Eliot National Bank, Boston, .
Freeman’s Nat’l Bank, Boston,
Howard National Bank, Boston,
National Bank of the Commonwealth, Boston,


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

Estimated
Market Value.

$1,000
5,000
1,500
700
15,000
2,500
4,800
2,500
4,200

$1,120
5,450
1,170
847
17,850
3,000
6,240
2,500
4,084

00
00
00
00
00
00
00
00
50

10,000

14,500 00

Amount Invested.

$1,530
6,500
1,500
1,070
22,000
2,955
5,682
2,500
4,200

00
00
00
12
00
25
99
00
00

13,900 00

No. 8 .]

SA V IN G S B A N K COM M ISSION ERS

371

Milford Savings Bank — Continued.

No. of
Shares.

D etailed Statem ent o f B an k Stocks — Concluded.

110
5
25
100

20
47
4
78
100

2
40
100
18
75
263

Par Value.

N ’l B ’k of Redemption, Boston,
National Eagle Bank, Boston,.
Nat’l Exchange Bank, Boston,
N ’l Hide & Leather B’k, Boston,
National Revere Bank, Boston,
National Union Bank, Boston,
Nat’l Webster Bank, Boston, .
North National Bank, Boston,.
Shawmut N ’l Bank, Boston, .
Shoe & Leather N ’l B’k, Boston,
Washington N ’l Bank, Boston,
Home Nat’l Bank, Brockton, .
Hopkinton N ’l B’k, Hopkinton,
Home National Bank, Milford,
Milford Nat’l Bank, Milford, .

$11,000
500
2,500
10,000
2,000
4,700
400
7,800
10,000
200
4,000
10,000
1,800
7,500
26,300
$145,900

Estimated
Market Value.

$12,457
440
3,262
10,675
1,840
6,262
409
7,956
12,200
204
4,510
17,500
1,800
11,250
39,450

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

$186,978 25

Amount Invested.

$15,655
500
3,581
10,659
2,000
7,496
400
9,981
12,057
200
5,505
10,000
1,800
7,500
28,000

00
00
25
50
00
50
00
63
50
00
00
00
00
00
00

$177,174 74

D etailed Statem ent o f R ailroad Bonds.

Par Value.

Boston & Albany R.R. 5s,
Boston & Lowell R.R. 4s,.
Boston & Maine R.R. 4s, .
Boston & Maine R.R. 41s,
Fitchburg R.R. 4s,
.
.
Fitchburg R.R. 5s, .
Milford & Woonsocket R.R. 5s,
Old Colony R.R. 4s, .
Portland & Ogdensburg R.R. 6s,
Worcester, Nashua & Roch. R.R. 4s,

$25,000
20,000
10,000
15.000
25.000
15.000
4,000
10.000
15.000
20.000
$159,000

Estimated
Market Value.

$26,312
21,600
11,300
18.750
26,250
16,950
4,000
11,200
15.750
21,400

50
00
00
00
00
00
00
00
00
00

$173,512 50

Amount Invested.

$25,000
20,000
10,000
15.000
25.000
15.000
4,000
10.000
15.000
20.000

00
00
00
00
00
00
00
00
00
00

$159,000 00

Total A m ou n t o f L oa n s, with E ach Specified R ate o f Interest.

Amount.

Rate.

SI 1,307 42

2

100,000 00

31
4
41

403,125 00
50,000 00

per cent.
“
“
»


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

Amount.

$133,500
5,300
590,265
26,600

Rate.

00
00
00
00

41 per cent.
4f
“
5
“
51
“

Amount.

$70,267 00
450 00
1,575 00

Rate.

6

61
7

per cent.
“

372

R E P O R T O F TH E

[Pub. D oc.

Milford Savings Bank — Concluded.
Amount invested in real estate for banking purposes,.................................... $25,000 00
Estimated value of the s a m e , ........................................................................
25,000
Assessed value of the s a m e ,.................................................................................
24,000
Net income received from same during year ending Oct. 31, 1898,
.
.
1,054
Value, by books, of other real estate, held or owned by foreclosure or
otherwise..................................................................................................................
11,099
Assessed value of the s a m e ,..................................................................................
14,100
Number of loans which are of an amount not exceeding $3,000 each,
369
Aggregate amount of the s a m e , ........................................................................
329,857
Total number of loans upon real e s t a t e , ............................................. 389
Amount of investments from which no income is received, .
.
.
.
11,099
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1898........................................................................
92,617
Times for the dividends fixed by the by-laws : second Saturday in April
and October.
Rate and amount of each semi-annual dividend f 2 per cent., $37,167 38 | ^ 73 g
during the year ending Oct. 31, 1898,
.
1 2 per cent.,
37,571 85)
Number of accounts openedduring the year ending Oct. 31, 1898,
. 723
Number of accounts closed during theyear ending Oct. 31, 1898,
. 594
Total number of open accounts Oct. 31, 1898,
.
.
.
.
6,068
Total expenses of the corporation for the year ending Oct. 31, 1898 (ex­
clusive of taxes),
..........................................................................................
4,085
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 8 9 8 ,..........................................................................................
310,894
Number of s a m e , ......................................................................... 4,817
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 8 9 8 , ...................................................................................................
356,198
Number of same..............................................................................4,740
Date of examination by commissioner: March 14.


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

00
00
99
67
00
00
67
78

23

98
04

01

No. 8 .]

S A Y IN G S B A N K COM M ISSION ERS

373

M IL L B U R Y S A V IN G S B A M — M IL L B U R Y .

Incorporated April 10, 1854.

Present number of corporators, 42.

I ra. N . G o d d a r d , President.

A mos A r m s b y , Treasurer.

A mos A r m s b y , Clerk o f the Corporation.

Names of committee charged with the investment of its funds:
A ugustus S. W in t e r ,
G eorge J. D u d l e y ,
Jacob R. L in co l n .

D a m ie n D u c h a r m e ,
I ra N . G o d d a r d ,
H e n r y W . Ca r t e r ,

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

a .m .

to 3

p .m .

; Saturdays,

B a l a n c e S h e e t O c t o b e r 31, 1898.

A ssets.

Public funds, as per schedule, .
Bank stock, as per schedule,
Railroad bonds, as per schedule,
Loans on railroad stock, .
Real estate (for banking purposes)..........................................
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
( n o t e s ) ,....................................
Deposit in bank, on interest,
Expense account,
Insurance,....................................
Suspense account,
Cash on hand, .
.
.
.

L ia b il it ie s .

$89,000
145,150
70,000
150

00
00
00

15,000
6,326
375,773
135,179

00
95
00
82

00

Deposits, .
Guaranty fund,
Interest account,
Profit and loss account, .
Reserve profits,
Bank liquidation account, .

$823,145 04
42,100 00
16,304 37
13,950 13
15,000 00
1,435 48

43,700 00
29,623 40
1,107 25
10 00

16 00
898 60
$911,935 02

$911,935 02

Cash on Deposit in Bank : —
Miilbury National Bank, M i l l b u r y , ............................................................... $29,623 40

Loan on Railroad Stock : —
1 share Boston & Albany R.R.,


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

$150 0Q

[Pub. D oc

R E P O R T O F TH E

374

Millbury Savings Bank — Continued.
D etailed Statem ent o f P ublic F u n d s.

Par Value.

City of Bay City, Mich., 5s,
of Columbus, Ohio, 4s,
of Fort Wayne, Inch, 6s, .
of Kansas City, Mo., 4£s, .
of Milwaukee, W is., 5s, .
of New Britain, Conn., 4s,
of Saginaw, Mich., 4s,
of Youngstown, Ohio, 5 s ,.
Town of Westborough, Mass., 5s,

.

Estimated
Market Value.

$5,000
10,000
1,000
25.000
10.000
10,000
10,000
15,000
3,000
$89,000

$5,675
10,150
1,030
28,125
11,400
10,875
10,275
15,625
3,397

00
00
00
00
00
00
00
00
50

$96,552 50

Amount Invested,

$5,000
10,000
1,000
25.000
10.000
10,000
10,000
15,000
3,000

00
00*
00
00
00
00
00
00
00

$89,000 00

* A legal investment when made.

D etailed Statem ent o f B a n k Stocks.
«*©
■« m
o
©

50
42
49
- 20
100
50
42
25
25
23
57
200
15
12
50
40
3
35
25
74
25
50
13
68
15
30

Par Value.

Atlas National Bank, Boston, .
Blackstone N ’l Bank, Boston, .
Boston National Bank, Boston,
Continental Nat’l Bank, Boston,
Eliot National Bank, Boston, .
First W ard N ’l Bank, Boston,.
Globe National Bank, Boston,.
Hamilton Nat’l Bank, Boston,.
Manufacturers’ N ’l B’k, Boston,
Merchants’ N ’l Bank, Boston, .
N ’l Bank of Commerce, Boston,
National Bank of the Commonwealth, Boston,
N ’l B’k of No. America, Boston,
National Eagle Bank, Boston,
N ’l Hide & Leather B ’k, Boston,
North National Bank, Boston,
Old Boston N ’l Bank, B oston,.
Second National Bank, Boston,
Shawmut Nat’l Bank, Boston, .
Shoe & Leather N ’l B’k, Boston,
South End Nat’l Bank, Boston,
State National Bank, Boston, .
Suffolk National Bank, Boston,
Third National Bank, Boston,
Winthrop Nat’l Bank, Boston,
Grafton National B ’k, Grafton,


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

Estimated
Market Value.

Amount Invested.

$5,000
4,200
4,900
2,000
10,000
5,000
4,200
2,500
2,500
2,300
5,700

$5,450
3,276
4,863
2,400
13,000
6,500
4,200
2,850
2,500
3,565
6,013

00
00
25
00
00
00
00
00
00
00
50

$5,000
4,200
4,900
2,000
10,000
5,000
4,200
2,500
2,500
2,300
5,700

00
00
00
00
00
00
00
00
00
00
00

20,000
1,500
1,200
5,000
4,000
300
3,500
2,500
7,400
2,500
5,000
1,300
6,800
1,500
3,000

29,000
1,533
1,056
5,337
4,080
330
6,090
3,050
7,548
1,631
5,587
1,378
6,069
2,040
3,000

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

20,000
1,500
1,200
5,000
4,000
300
3,500
2,500
7,400
2,500
5,000
1,300
6,800
1,500
3,000

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

N o. 8 .]

SA V IN G S B A N K CO M M ISSION ERS

375

M illbury Savings Bank — Continued.

No. of
Shares.

D etailed Statem ent o f B a n k Stocks — Concluded.

3
114
40
m
36
5
27
17
50
9

Par Value.

•
Leicester N ’l Bank, Leicester,.
Millbury N ’l Bank, Millbury, .
Second N ’l B ’k, Norwich, C t .,.
Oxford Nat’l Bank, Oxford, .
Central N ’l Bank, Worcester, .
Citizens’ N ’l Bank, Worcester,
City Nat’l Bank, Worcester, .
Mechanics’ N ’l B’k, Worcester,
Quinsigamond National Bank,
Worcester, .
.
.
.
Worcester N ’l B’k, Worcester,

$300
11,400
4,000
1,250
3,600
500
2,700
1,700

Estimated
Market Value.

$435
11,400
3,720
1,250
4,680
675
3,780
1,445

00
00
00
00
00
00
00
00

Amount Invested,

$300
11,400
4,000
1,250
3,600
500
2,700
1,700

00
00
00
00
00
00
00
00

5,000
900

7,000 00
1,170 00

5,000 00
900 00

$145,150

$167,903 75

$145,150 00

D etailed Statem ent o f R ailroad Bonds.

Par Value.

Boston, Revere Beach & Lynn R.R.
4 i s , ..................................................
Fitchburg R.R. 4s, .
Fitchburg R.R. 5s, .
Maine Central R.R. 4s,
Portland & Rumford Falls R.R. 4s, .
St. Johnsbury & Lake Champlain
R.R. 5 s , ..................................................
Vermont & Massachusetts R.R. 5s, .

Estimated
Market Value.

75
00
00
00
00

Amount Invested.

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

00
00
00
00
00

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

$5,718
21,180
10,650
5,250
10,500

10,000
10,000

12,900 00
10,600 00

10,000 00
10,000 00

$70,000

$76,798 75

$70,000 00

Total A m ou n t o f L oan s, with E ach Specified B ate o f L iterest.

Bate.

Amount.

$4,529
9,623
20,000
53,550

82
40
00
00

0 per cent.
2
“
3
“
4
“


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

Rate.

Amount.

$7,150
25.000
281,985
25.000

00
00
00
00

4£ per cent.
4|
“
5
H
“

Rate.

Amount.

$25,000 00
132,088 00
500 00

per cent.
6
7

«
“

376

R E P O R T O F TH E

[Pub. Doc,

Millbury Savings Bank — Concluded.
Amount invested in real estate for banking purposes, .
.
$15,000
Estimated value of the same,
.
...................................................... 18,000
Assessed value of the s a m e ,.......................................................................................... 11,800
Net income received from same during year ending Oct. 31, 1898,
.
.
872
Value, by books, of other real estate, held or owned by foreclosure or
o th erw ise,.......................................................................................................................6,326
.................................... 13,870
Assessed value of the same................................
Number of loans which are of an amount not exceeding $3,000 each, 250
Aggregate amount of the s a m e , .........................................................................
256,848
Total number of loans upon real e s t a t e , ............................................. 271
Amount of investments from which no income is received, .
.
.
.
8,379
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1 8 9 8 , ...............................................................
45,581
Times for the dividends fixed by the by-laws: second Monday in January
and July.
Bate and amount of each semi-annual dividend f 2 per cent., $16,412 54 )
„„ ~70
during the year ending Oct. 31, 1898,
.
. ( 2 per cent.,
16,157 86 1
’
Number of accounts opened during the year ending Oct. 31, 1898,
. 184
Number of accounts closed during the year ending Oct. 31, 1898,
. 201
Total number of open accounts Oct. 31, 1898,
.
.
.
.
1,935
Total expenses of the corporation for the year ending Oct. 31, 1898 (ex­
clusive of taxes),
.....................................................................................................2,372
Amount of deposits, not including dividends, received during the year
74,772
ending Oct. 31, 1 8 9 8 ,..........................................................................................
Number of same.......................................................................................1,071
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 8 9 8 , ...................................................................................................
122,532
Number of s a m e , ................................................................................. 1,374
Date of examination by commissioner : April 21.


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

00
00

00
00
95

00
00
82
09

40

18
52

55

No. 8 .]

377

SA Y IN G S B A N K COM M ISSION ERS

c

M ONSON S A V IN G S B A N K — M ONSON.
Incorporated March 29, 1872.

Present number of corporators, 25.

F r a n k E . M o r r is , Treasurer.
E d w a r d F . M o r r is , President.
F r a n k E . M o r r is , Clerk o f the Corporation.

Names of committee charged with the investment of its funds:
A r t h u r D . N orcross ,
D a n ie l G. P otter ,

E d w a r d F . M orris ,
Carlos M . G a g e .

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

a .m .

to 12 m . ; 1 to 4 p . m . ;

B a l a n c e S h e e t O c t o b e r 31, 1898.

L ia b il it ie s .

A ssets.

Public funds, as per schedule, .
Bank stock, as per schedule,
Loans oh 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 on depositors’ books,
Deposits in banks, on interest, .
Deposits in banks, not on interest,
Expense account,
Cash on hand, .
.
.
.

$142,000 00
42,100 00
5,550 00

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

100,000 00
10,000 00

36,000
623,944
3,960
500
82,158
4,227
333
2,698

00
00
00
00
76
74
59
24

$969,652 30
48,000 00
33,286 68
1,884 45
648 90

$1,053,472 33

$1,053,472 33

Cash on Deposit in Banks, amount in each : —
O
O
o

in

City National Bank, Holyoke..............................................................
Monson National Bank, Monson,......................................................
Chicopee National Bank, Springfield,.............................................
John Hancock National Bank, Springfield,....................................
Pynchon National Bank, Springfield,.............................................
Springfield National Bank, S p r i n g f i e l d ,....................................
Springfield Safe Deposit and Trust Company, Springfield, .
Hampden Loan and Trust Company, Springfield,
.
.
.

00

4,227 74
10,000 00
10,000 00
10,000 00

20,260 67
16,898 09
10,000 00

Loans on Bank Stock, amount on each : —
33 shares Monson National Bank, Monson, .
25 shares Palmer National Bank, Palmer, .


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

.
.

.
.

.

.

$3,050 00
2,500 00

378

R E P O R T O F TH E

[Pub. D oc

Monson Savings B ank— Continued.
D etailed Statem ent o f P u blic F u n d s.

Par Value.

City of Brockton, Mass., 4s,
of Chicago, 111., 4s, .
of Cleveland, Ohio, 5s,
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 Burlington, V t., 4s, .
of Methuen, Mass., 4s, .
of Monson, Mass., 4s,
of Natick, Mass., 4s,
County of Middlesex, Mass., 4s,

.

$ 10,000
10,000
10,000
10,000
10,000
10,000
10,000
10,000
10,000
5,000
5,000
22,000
10,000
10,000
$142,000

Estimated
Market Value.

$10.975
10,172
10,600
11,175
11,175
10,900
10,625
11,000
11,250
5,175
5,550
23,100
11,000
10,975

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

$153,672 00

Amount Invested.

$10,000
10,000
10,000
10,000
10,000
10,000
10,000
10,000
10,000
5,000
5,000
22,000
10,000
10,000

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

$142,000 00

No. of
Shares.

D etailed Statem ent o f B a n k Stocks.

10
25
5
30
25
20
25
20
5
10
7
6
20
5
26
5
25
90
19
20
20
3

'

Blackstone Nat’l Bank, Boston,
Eliot National Bank, Boston, .
Massachusetts N ’l B’k, Boston,
Merchants’ Nat’l Bank, Boston,
N ’l B’k of Commerce, Boston,
N ’l B’k of No. America,Boston,
N ’l B’k of Redemption, Boston,
National Eagle Bank, Boston,
Nat’l Exchange Bank, Boston,
N ’l Hide & Leather B ’k, Boston,
National Revere Bank, Boston,
National Webster B’k, Boston,
North National Bank, Boston,
State National Bank, Boston, .
Suffolk National Bank, Boston,
Tremont Nat’l Bank, Boston, .
City National Bank, Holyoke,
Monson Nat’l Bank, Monson, .
Agawam N ’l B ’k, Springfield,.
City Nat’l Bank, Springfield, .
First Nat’l Bank, Springfield, .
W are National Bank, Ware, .


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

Par Value.

$1,000
2,500
500
3,000
2,500
2,000
2,500
2,000
500
1,000
700
600
2,000
500
2,600
500
2,500
9,000
1,900
2,000
2,000
300
$42,100

Estimated
Market Value.
$780
3,250
375
4,650
2,637
2,045
2,831
1,760
652
1,067
644
613
2,040
558
2,756
350
2,625
13,500
1,045
2,900
2,240
315

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

$49,636 00

Amount Invested.

$1,000
2,500
500
3,000
2,500
2,000
2,500
2,000
500
1,000
700
600
2,000
500
2,600
500
2,500
9,000
1,900
2,000
2,000
300

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

$42,100 00

No. 8 .]

379

SA V IN G S B A N K CO M M ISSION ERS

Monson Savings Bank — Concluded.
D etailed Statem ent o f R ailroad Bonds.

Par Value.

Boston & Lowell R.R. 4s,
Boston & Maine R R. 4s, .
Boston & Providence R.R. 4s, .
Concord & Montreal R.R. 4s, .
Connecticut River R.R. 4s,
Conn. & Passumpsic Rivers R.R. 4s,
Eastern R.R. 6s,
.
.
.
.
Fitchburg R.R. 4s, .
Maine Central R.R. 4s,
N ew York, New Haven & Hartford
R.R. 4s, ..................................................
Old Colony R.R. 4s, .

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

Estimated
Market Value.
$10,500
11,000
10,850
10,800
11,150
11,150
5.950
5,350
10,525

00
00
00
00
00
00
00
00
00

Amount Invested.

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

00
00
00
00
00
00
00
00
00

10,000
10,000

11,250 00
11,200 00

10,000 00
10,000 00

$100,000

$109,725 00

$100,000 00

Total A m ou n t o f L oa n s, with E ach Specified R ate o f Interest.

Amount.
$5,000 00
77,158 76

Rate.

Amount.

3 per cent.
4
“

$616,564 00
2,000 00

Rate.

5 per cent.
“

Amount.
$15,390 00

Rate.
6 per cent.

5*

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, 1898,
Number of loans which are of an amount not exceeding $3,000 each, 249
Aggregate amount of the s a m e , ........................................................................
Total number of loans upon real e s t a t e , ............................................. 300
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1 8 9 8 , ...............................................................
Times for the dividends fixed by the by-laws: first Monday in April and
October.
Rate and amount of each semi-annual dividend f 2 per cent., $18,141 06 1
during the year ending Oct. 31, 1898,
.
1 2 per cent.,
18,639 8 6 1
Number of accounts opened during the year ending Oct. 31, 1898,
. 256
Number of accounts closed during the year ending Oct. 31, 1898,
. 178
Total number of open accounts Oct. 31, 1898....................................
2,317
Total expenses of the corporation for the year ending Oct. 31, 1898 (ex­
clusive of taxes),
.
.
.........................................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 8 9 8 ,..........................................................................................
Number of same...................................................................................... 1,503
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 8 9 8 , ...................................................................................................
Number of same, .
.
............................................................... 1,336
Date of examination by commissioner: August 24.


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

$36,000
36.000
18.000
1,502

00
00
00

00

364,206 00

49,636 50

36,780 91

3,576 14
126,519 32

109,435 67

380

[Pub. D oc

R E P O R T O F TH E

N A N T U C K E T IN S T IT U T IO N FOR SAVING-S—N A N T U C K E T .
Incorporated April 2, 1834.

Present number of corporators, 38.

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 a v id F o lg er ,
A lm on T. M o w r y ,
D a v id P a r k e r ,
H e n r y P a d d o ck ,
L e w is F . B u c h a n a n .

Open for business every business day, from May to November, 9
November to May, 10 a . m . to 1 p . m .

a .m .

to I

p .m .

;

B a l a n c e S h e e t O c t o b e r 31, 1898.

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 purp o s e s ) , ....................................
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
( n o t e s ) ,....................................
Deposits in banks, on interest, .
Expense account,
New Bedford Spinning Co. stock,*
Cash on hand, .
.
.
.

$73,000
18,400
475
37,500

00
00
00
00
20,000 00

$493,793 15
24,126 47

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

21,918 20
*

5,400
16,500
326,797
17,434

00
00
00
00

4,000
13,846
841
3,200
2,444

00

32
45
00

05
$539,837 82

$539,837 82

* Taken to secure indebtedness.

Cash on Deposit in Banks, amount in each: —
North National Bank, B o s t o n , ........................................................................ $2,622 05
Shoe and Leather National Bank, B o s t o n ,......................................................
5,006 93
Pacific National Bank, N a n t u c k e t , ............................................................... 6,217 34
Loan on Bank Stock: —
6

shares Pacific National Bank, Nantucket, .


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

.

.

.

.

.

.

$475 00

No. 8 .]

381

S A Y IN G S B A N K COM M ISSION ERS

Nantucket Institution for Savings — Continued.
D etailed Statem ent o f P u blic F u nd s.

Par Value.

City of Bay City, Mich., 4s,
of Beverly, Mass., 4s,
of Cleveland, Ohio, 5s,
of Detroit, Mich., 7s,
of East Saginaw, Mich., 4£s,
of Fall River, Mass., 6s, .
of Grand Rapids, Mich., 4ès,
of Milwaukee, W is., 5s, .
of New London, Conn., 7s,
of Rockford, 111., 4£s,
of Saginaw, Mich., 4ès,
of Sioux City, Iowa, 4ès, .
District of Columbia 6s, .

.

$3,000
1,000
5,000
1,000
7,000
6,000
10,000
10,000
1,000
4,000
5,000
15,000
5,000
$73,000

Estimated
Market Value.
$3,277
1,067
5,200
1,185
7,280
6,285
11,350
10,400
1,215
4,320
5,600
16,500
5,525

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

$79,204 50

Amount Invested.

$3,000
1,000
5,000
1,000
7,000
6,000
10,000
10,000
1,000
4,000
5,000
15,000
5,000

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

$73,000 00

No. of I
Shares. 1

D etailed Statem ent o f B a n k Stocks.

7
10
10
10
15
10
19
8
10
10
10
20
10
15
10
10

Par Value.

Blackstone Nat’l B’k, Boston, .
Boylston Nat’l Bank, B oston,.
Columbian Nat’l B’k, Boston, .
Continental Nat’l B’k, Boston,
Eliot National Bank, Boston, .
Faneuil Hall N ’l Bank, Boston,
Lincoln N ’l Bank, Boston,
Metropolitan N ’l B’k, Boston,.
N ’l B’k of No. America, Boston,
Nat’l Exchange Bank, Boston,
National Revere Bank, Boston,
North National Bank, Boston,.
Old Boston Nat’l Bank, Boston,
Shawmut Nat’l Bank, Boston,.
South End Nat’l Bank, Boston,
Pacific Nat’l Bank, Nantucket,


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

$700
1,000
1,000
1,000
1,500
1,000
1,900
800
1,000
1,000
1,000
2,000
1,000
1,500
1,000
1,000
$18,400

Estimated
Market Value.

Amount Invested.

$546
1,210
970
1,200
1,950
1,257
1,244
728
1,022
1,305
920
2,040
1,100
1,830
652
1,300

$700
1,000
1,000
1,000
1,500
1,000
1,900
800
1,000
1,000
1,000
2,000
1,000
1,500
1,000
1,000

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

$19,276 00

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

$18,400 00

382

R E P O R T O F TH E

[Pub. D oc

Nantucket Institution for Savings — Continued.
D etailed Statem ent o f R ailroad Bonds.

Par Value.

Boston & Lowell R.R. 4s,
Boston & Lowell R.R. 5s,
Boston & Maine R.R. 4s, .
Boston, Winthrop & Shore R.R. 5s,
Fitchburg R.R 4s,
Maine Central R.R. 7s,
Upper Coos R.R. 4 s ,.
Upper Coos R.R. 4£s,

$5,000
1,000
5.000
6.000
5.000
5.000
500
10,000
$37,500

Estimated
Market Value.

$5,200
1,015
5,600
6,480
5,375
6,800
500
10,800

Amount Invested.

00
00
00
00
00
00
00
00

$41,770 00

$5,000
1,000
5.000
6.000
5.000
5.000
500
10,000

00
00
00
00
00
00
00
00

$37,500 00

Total A m ou n t o f L oa n s, w ith E a ch Specified R ate o f Interest.

Amount.

$13,846 32
4,000 00
18,500 00

Kate.

2

4
4è

per cent.
“
“

Amount.

$137,795 00
12,850 00

Rate.

5
64

per cent.
“

Amount.

$175,031 00
530 00

Kate.

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, 1898,
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, 201
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 or earned, as per books,
during year ending Oct. 31, 1 8 9 8 , ...............................................................
Times for the dividends fixed by the by-laws: second Monday in Jan­
uary and July.
Rate and amount of each semi-annual dividend f 2 per cent., $9,398 64 1
during the year ending Oct. 31, 1898,
.
1 2 per cent., 9,402 97 J
Number of accounts opened during the year ending Oct. 31, 1898,
. 120
Number of accounts closed during the year ending Oct. 31, 1898,
. 124
Total number of open accounts Oct. 31, 1898,
.
.
.
.
1,262


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

per cent.

7

$5,400
5.400
5.400
181

00
00
00
25

16,500 00
20,000 00

197,147 00

25,328 16

18,801 61

No. 8 .]

S A Y IN G S B A N K CO M M ISSION ERS.

383

Nantucket Institution for S a v in g s — Concluded.
Total expenses of the corporation for the year ending Oct. 31, 1898 (ex­
clusive of taxes),
..........................................................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 8 9 8 ,..........................................................................................
Number of same............................................................................................... 827
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 8 9 8 , ...................................................................................................
Number of s a m e ,................................................................................. 1,144
Date of examination by commissioner : July 18.


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

$2,178 56
70,218 70

78,582 67

384

R E P O R T O F TH E

[Pub. D oc

N A T IC K F IV E CENTS S A V IN G S B A N K — N A T IC K .

Incorporated April 5, 1859.

Present number of corporators, 36.

John 0 . W ilson, President.
F rederick 0 . B aston, Treasurer.
F rederick 0 . B aston, Clerk o f the Corporation.

Names of committee charged with the investment of its funds :

W illiam N utt,
F rancis Bigelow ,
Frederick 0 . Baston,
F rank H. H ayes ,
H enry C. M ulligan .

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 o b e r 31, 1898.

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,
Real estate (for banking pur­
poses), ....................................
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
( n o t e s ) ,....................................
Loans on depositors’ books,
Deposits in banks, on interest, .
Expense account,
Insurance and taxes paid, .
Cash on hand, .
.
.
.

L ia b il it ie s .

$199,000
525
96,850
8,575
147,000

00
00
00
00
00

27,512
8,589
1,099,051
76,934

62
71
00
00

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

$1,660,238 91
83,000 00
22,800 70
43,303 34
2,661 76

107,700 00
1,200 00

26,232
2,332
71
10,431

59
38
24
17

$1,812,004 71

$1,812,004 71

Cash on Deposit in Banks, amount in each: —
North National Bank, Boston,
............................................. .........
Natick National Bank, N a t i c k , ........................................................................

$5,000 00
21,232 59

Loan on Public Funds : —
$1,000 United States 4 s ,.


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

$525 00

No. 8 .]

S A Y IN G S B A N K C O M M ISSION ERS.

385

Natick Five Cents Savings Bank — Continued.
Loans on Bank Stock, amount on each: —
40
50
5
2

$3,600 00
4,600 00

shares Natick National Bank, Natick,
shares Natick National Bank, Natick,
shares Natick National Bank, Natick,
shares Natick National Bank, Natick,

200 00
175 00

D etailed Statem ent o f P u blic F u n d s.

Par Value.

City of Boston, Mass., 4 s ,.
of Boston, Mass., 6 s ,.
of Beverly, Mass , 4s,
of Cambridge, Mass., 6s,
of Cleveland, Ohio, 4s,
of Fall River, Mass., 5s, .
of Malden, Mass., 4s,
of Newton, Mass., 4s,
of Springfield, Ohio, 5s, .
of Waltham, Mass., 4s,
of Worcester, Mass., 4^s, .
Town of Natick, Mass., 4s,
of Orange, Mass , 4s,
of W ellesley, Mass., 4 s , .

$10,000
10,000
7,000
12,0u0
5,000
16,000
15,000
25,000
24,000
6,000
6,000
30,000
15,000
18,000
$199,000

Estimated
Market Value.

$10,800
11,150
7,665
13,735
5,512
18,427
15,900
27,155
26,485
6,135
6,390
33,225
15,657
18,702

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

$216,940 00

Amount Invested.

$10,000
10,000
7,000
12,000
5,000
16,000
15,000
25,000
24,000
6,000
6,000
30,000
15,000
18,000

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

$199,000 00

Ko. of
Shares.

D etailed Statem ent o f B a n k Stocks.

26
115
7
27
13
5
19
70
62
46
10
15
46
42
51
14
30

Par Value.

Atlas National Bank, Boston, .
Boston Nat’l Bank, Boston,
Boylston Nat’l Bank. Boston, .
Central Nat’l Bank, Boston, .
Columbian N ’l Bank, Boston, .
Continental N ’l Bank, Boston,
Eliot National Bank, Boston, .
Everett National Bank, Boston,
Howard N ’l Bank, Boston,
Merchants’ N ’l Bank, Boston, .
Metropolitan N’l Bank, Boston,
Monument N ’l Bank, Boston, .
N ’l B ’k of Commerce, Boston,.
National Bank of the Com­
monwealth, Boston,
N ’l B’k of No. America, Boston,
N ’l B’k of Redemption, Boston,
N ’l B’k of the Republic, Boston,


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

Estimated
Market Value.

Amount Invested.

$2,600
11,500
700
2,700
1,300
500
1,900
1,750
6,200
4,600
1,000
1,500
4,600

$2,834
11,413
847
3,213
1,261
600
2,470
1,050
6,029
7,130
910
2,940
4,853

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

$2,600
11,500
700
2,700
1,300
500
1,900
1,750
6,200
4,600
1,000
1,500
4,600

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

4,200
5,100
1,400
3,000

6,090
5,214
1,585
4,297

00
75
50
50

4,200
5,100
1,400
3,000

00
00
00
00

386

R E P O R T O F TH E

[Pub. D oc

Natick Five Cents Savings Bank — Continued.

No. of
Shares.

D etailed Statem ent o f Bank Stocks — Concluded.

15
27
10
20
7
20
55
32
33
37
120
20
17
10

Par Value.

Nat’l Exchange Bank, Boston,
North National Bank, Boston,
Second National Bank, Boston,
South End N ’l Bank, Boston, .
State National Bank, Boston, .
Winthrop Nat’l Bank, Boston,
Home Nat’l Bank, Brockton, .
First National Bank, Chelsea,.
Dedham N ’l Bank, Dedham, .
Wachusett N ’l B’k, Fitchburg,
Natick Nat’l Bank, Natick,
Newton Nat’l B ’k, Newton,
Framingham National Bank,
South Framingham,
First N ’l B ’k, West Newton, .

$1,500
2,700
1,000
2,000
700
2,000
5,500
3,200
3,300
3,700
12,000
2,000

Estimated
Market Value.

$1,957
2,754
1,740
1,305
782
2,720
9,625
3,200
3,465
6,660
13,800
1,800

Amount Invested.

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

$1,500
2,700
1,000
2,000
700
2,000
5,500
3,200
3,300
3,700
12,000
2,000

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

1,700
1,000

2,295 00
1,050 00

1,700 00
1,000 00

$96,850

$115,892 75

$96,850 00

D etailed Statem ent o f R ailroad Bonds.

Par Value.

Boston & Albany R.R. 4s,
Boston, Clinton, Fitchburg & New
Bedford R.R, 5s, .
Boston & Lowell R.R. 4 s ,.
Dexter & Piscataquis R.R. 4s, .
Fitchburg R.R. 5s,
Maine Central R.R. 7s,
Old Colony R.R. 4s, .
Vermont & Massachusetts R R. 5s, .
Worcester, Nashua & Roch. R.R. 4s,

$10,000
6,000
15.000
10.000
25.000
19.000
28.000
24.000
10.000
$147,000

Estimated
Market Value.

Amount Invested.

$10,800 00

$10,000 00

6,900
15,650
10,600
26,225
25,840
31,100
25,440
11,200

00
00
00
00
00
00
00
00

$163,755 00

6,000
15.000
10.000
25.000
19.000
28.000
24.000
10.000

00
00
00
00
00
00
00
00

$147,000 00

Total A m ou n t o f L o a n s, with E a ch S pecified Rate o f Interest.

Amount.

$26,232 59
137,300 00
30,300 00

Rate.

2
4

per cent.
“

H


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

“

Amount.

$1,200 00
780,330 75

Rate.

Amount.

4| per cent.
5
“

$105,221 00
239,633 25

Rate.

5<| per cent.
“

6

No. 8.]

SAYINGS BANK COMMISSIONERS.

387

Natick Five Cents Savings Bank — Concluded.
Amount invested in real estate for banking purposes,....................................
$27,512 62
Estimated value of the same,.................................................................................
25.000 00
Assessed value of the s a m e ,.................................................................................
29.000 00
Value, by books, of other real estate, held or otvned by foreclosure or
o th e r w ise ,............................................................................................................
8,660 95
Assessed value of the s a m e ,.................................................................................
8,250 00
Number of loans which are of an amount not exceeding $3,000 each, 593
Aggregate amount of the s a m e , ........................................................................
723,885 00
Total number of loans upon real e s t a t e , ............................................. 618
Amount of investments from which no income is received, .
.
.
.
4,500 00
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1 8 9 8 , ...............................................................
85,472 32
Times for the dividends fixed by the by-laws : first Tuesday in May and
November.
Rate and amount of each semi-annual dividend f 2 percent., $28,993 79 )
59,396 43
during the year ending Oct. 31, 1898,
.
( 2 percent., 30,402 64 )
Number of accounts opened during the year ending Oct. 31, 1898,
. 892
Number of accounts closed during the year ending Oct. 31, 1898,
. 516
Total number of open accounts Oct. 31, 1898,
.
.
.
.
6,934
Total expenses of the corporation for the year ending Oct. 31, 1898 (ex­
clusive of taxes),...................................................................................................
4,477 10
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 8 9 8 ,..........................................................................................
376,397 42
Number of s a m e , ................................................................................. 7,292
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1898............................................................................................................
349,441 50
Number of s a m e , ................................................................................. 5,737
Date of examination by commissioner: January 20.


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

388

NEW

REPORT OF THE

BEDFORD F IV E

[Pub. Doc

CENTS S A V IN G S B A N K — N E W
BEDFORD .

Incorporated April 14, 1855.

Present number of corporators, 151.

L oom S n o w , President.
W il l ia m H . P it m a n , Treasurer.
Ja m e s T a y l o r , Clerk o f the Corporation.

Names of committee charged with the investment of its funds :
W il l ia m B a y l ie s ,
T hom as W il c o x ,
W il l ia m R. W in g ,
O l iv e r P. B r ig h t m a n ,

Open for business every business day, 9

A n d r e w G. P ie r c e , Jr.,
L oum S n o w ,
P a r k m a n M. L u n d ,
O tis N. P ie r c e .

•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 c t o b e r 31, 1898.

A ssets.

Public funds, as per schedule, .
Bank stock, as per schedule,
Loans on bank stock,.
Railroad bonds, as per schedule,
Real estate (for banking purp o s e s ) , ....................................
Real estate by foreclosure,.
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
( n o t e s ) ,....................................
Loans on depositors’ books,
Deposits in banks, on interest, .
Expense account,
New Bedford Spinning Co. stock,*
Rotch Spinning Co. stock,*
Howland Mills Corp’n stock,* .
Bennett Spinning Co. stock,* .
Cash on hand, .
.
.
.

L ia b il it ie s .

$995,500
165,500
15,000
341,500

00
00
00
00

92,000
128,531
2,734,895
1,512,590

00
52
41
28

13,000
845
248,966
1,170
13,300
24,100
55,500
106,200
7,702

00
00
79
19
00
00
00
00
55

Deposits, .
Guaranty fund,
Interest account,
Profit and loss ac
count, .
Surplus fund, .
Discount account, .
Premium account, .
Rent account, .
Bank liquidation account, .

$6,456,301 74

$6,214,617 06
201.663 47
7,398 93
733
24,216
5,865
305
765

55
49
47
00
77

736 00

$6,456,301 74

* Taken to secure indebtedness.

Cash on Deposit in Banks, amount in each: —
Atlas National Bank, Boston,
National Bank of Redemption, Boston,
Citizens’ National Bank, New Bedford,
First National Bank, New Bedford,


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

$18,841
63,381
26,076
10,185

27
18
38
21

No. 8.]

SAVINGS BANK COMMISSIONERS.

389

New Bedford Five Cents Savings Bank — Continued.
Mechanics’ National Bank, New Bedford............................................................$68,998 83
Merchants’ National Bank, New B e d f o r d ,......................................................
12,787 54
20,563 15
Pynchon National Bank, Springfield,...............................................................
28,133 23
Third National Bank, S p r i n g f i e l d ,...............................................................
Loans on Bank Stock, amount on each: —
8
7
8
2
131
11
43
15
20

shares National Exchange Bank, B o s t o n , ......................................... )
shares Glohe National Bank, B o s t o n , ...................................................... 1
shares Suffolk National Bank, B o s to n ,...................................................... I
shares National Bank of Redemption, B o s t o n , .................................... j
shares Citizens’ National Bank, New B e d f o r d , ....................................
shares First National Bank, New B e d f o r d ,.........................................
shares Fourth National Bank, B o s t o n ,......................................................
shares Citizens’ National Bank, New B e d f o r d , .................................... j
shares National Bank of Fairhaven, F a ir h a v e n ,.................................... j

$

2,000 00

8,000 00

500 00
4,000 00
500 00

D eta iled S ta tem en t o f P u b lic F u n d s .

Par Value.

City] of Bangor, Me., 6s, .
of Bay City, Mich., 4s,
of Bay Citv, Mich., 5s,
of Boston, Mass., 3ès,
of Boston, Mass., 4s,.
of Chelsea, Mass., 4s,
of Cleveland, Ohio, 4és, .
of Danbury, Conn., 4s,
of Dayton, Ohio, 5s, .
of Detroit, Mich., 4s,
of Detroit, Mich., 7s,
of East Saginaw, Mich., 5s,
of Fall River, Mass., 4s, .
of Fall River, Mass., 5s, .
of Fall River, Mass., 6s, .
of Grand Rapids, Mich., 5s,
of Holyoke, Mass., 6s,
of Lynn, Mass., 4s, .
of Manchester, N . H . , 4s, .
of Meriden, Conn., 4s,
of New Bedford, Mass., 4s,
of New Bedford, Mass., 6s,
of New Haven, Conn., ¿¿s,
of Newton, Mass., 4s,
of Saginaw, Mich., 5ès,
Town of Middleborough, Mass.
(Fire District), 4s,
.
.
.
United States 4s,
.
.
.
United States 5s,
.
.
.


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

$66,000
13,000
5,000
50,000
1 0 ,0 0 0

20,000
25,000
30,000
50,000
50,000
7,000
25,000
10,000
17,000
73,000
50,000
50,000
25,000
50,000
20,000
119,000
9,000
50,000
50,000
10,000

Estimated
Market Value.

$66,660
13,815
6,050
53,000
10,700
20,800
25,750
33,000
54,840
56,500
8,270
27,000
11,350
19,550
82,855
57,250
51,750
27,750
58,000
21,300
133,625
9,225
50,362
54,500
12,200

61,500
10,000
40,000

00
00
00
00
00
00
00
00
00
00
00

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

64,575 00
11,100 00
44,700 00

Amount Invested.

$66,000
13,000
5,000
50,000
10,000
20,000
25,000
30,000
50,000
50,000
7,000
25,000
10,000
17,000
73,000
50,000
50,000
25,000
50,000
20,000
119,000
9,000
50,000
50,000
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

61,500 00
10,000 00
40,000 00

$995,500 $1,081,477 50 $995,500 00
A legal investment when made.

REPORT OF THE

390

[Pub. Doc

New Bedford Five Cents Savings Bank — Continued.

No. of
Shares.

D eta iled S ta tem en t o f B a n k Stock s.

100
100
80
20
12
15
100
100
325
523
300
100

Par Value.

First National Bank, Boston, .
Merchants’ N ’l B ’k, Boston,
National Revere Bank, Boston,
State National Bank, Boston, .
Tremont Nat’l Bank, Boston, .
Winthrop Nat’l Bank, Boston,
Franklin N ’l Bank, Franklin, .
Citizens’ N ’l B’k, New Bedford,
First N ’l Bank, New Bedford,
Merchants’ National Bank, New
Bedford,
.
.
.
.
National Bank of Commerce,
New Bedford,
Third Nat’l Bank, Springfield,

$10,000
10,000
8,000
2,000
1,200
1,500
10,000
10,000
32,500

Estimated
Market Value.

$19,500
15,500
7,360
2,235
852
2,040
11.700
8,500
40,625

Amount Invested.

00
00
00
00
00

00
00
00
00

$10,000
10,000
8,000
2,000
1,200
1,500
10,000
10,000
32,500

00
00
00
00
00
00
00
00
00

52,300

95,709 00

52,300 00

18,000
10,000

10,500 00
22,000 00

18,000 00
10,000 00

$165,500

$236,521 00

$165,500 00

D etailed Statem ent o f R ailroad Bonds.

Par Value.

Boston & Lowell R.R. 4 s ,.
Boston & Maine R.R. 4s, .
Eastern R.R. 6s,
.
.
.
Fitchburg R.R. 4s, .
Old Colony R.R. 4s, .

$89,000
50.000
52,500
50.000
100,000
$341,500

Estimated
Market Value.

$93,450
56,000
62,343
51,500
110,000

Amount Invested.

00
00
75
00
00

$373,293 75

$89,000
50.000
52,500
50.000
100,000

00
00
00
00
00

$341,500- 00

Total A m ou nt o f L oa n s, with E ach Specified Rate o f Diterest.

Amount.

$190,085
38,318
20,563
630,000
71,000

Kate.

20
44
15
00
00

2 per cent.
2*
“
3
“
4
“
44
“


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

Amount.

$4,000
601,290
164,236
1,019,987
100,000

Kate.

00
25
78
98
00

45 per cent.
4i
“
4|
»
5
«
54
«

Kate.

Amount.

$1,376,821
7,000
300,994
1,000

00
00
68
00

5£ per cent.
5|
»
6
“
6è
“

No. 8.]

SAYINGS BANK COMMISSIONERS.

391

New Bedford Five Cents Savings B a n k — Concluded.
Amount invested in real estate for banking purposes,.................................... $92,000
Estimated value of the s a m e , ........................................................................ 115,000
Assessed value of the s a m e ,.................................................................................
103,400
Net income received from same during year ending Oct. 31, 1898,
.
.
1,131
Value, by books, of other real estate, held or owned by foreclosure or
o th erw ise,............................................................................................................
128,531
Assessed value of the s a m e ,.................................................................................
100,000
Net income received from same during year ending Oct. 31, 1898,
.
.
3,592
Number of loans which are of an amount not exceeding $3,000 each,
909
Aggregate amount of the s a m e , ........................................................................ 1,179,890
Total number of loans upon real e s t a t e , .................................... 1,066
Amount of investments from which no income is received..............................10,900
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1898,
...............................................................
303,970
Times for the dividends fixed by the by-laws : second Wednesday in April
and October.
Rate and amount of each semi-annual dividend f 2 per cent., $124,706 42 ) 243,853
during the year ending Oct. 31, 1898,
.
. 1 2 per cent., 119,146 93 I
Number of accounts opened during the year ending Oct. 31, 1898,
2,155
Number of accounts closed during the year ending Oct. 31, 1898,
3,378
Total number of open accounts Oct. 31, 1898,
.
.
.
.
21,248
Total expenses of the corporation for the year ending Oct. 31, 1898 (ex­
clusive of taxes),
14,705
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 8 9 8 ,..........................................................................................
926,011
Number of s a m e , ................................................................................. 15,923
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1898............................................................................................................ 1,507,670
Number of s a m e , ................................................................................. 17,333
Date of examination by commissioner : November 14.


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

00
00
00
04
52

00
66

00
00
62

35

85
31

92

[Pub. Doc

REPORT OF THE

392

N E W BEDFORD IN S T IT U T IO N FOR S A V IN G S — N E W
BED FO R D .

Incorporated June 16, 1825.
W

il l ia m

W . C rapo , President.
W il l ia m G. W

Present number of corporators, 109.
C h ar les H . P e ir c e , Treasurer.

ood ,

Clerk o f the Corporation.

Names of committee charged with the investment of its funds
W il l ia m W a t k in s ,
E d w a r d S. T a b e r ,
W il l ia m W . Cr a p o ,
A n d r e w G.

Open for business every business day, 9

B alance

Sh eet

G il b e r t A l l e n ,
F r e d e r ic k G r in n e l l ,
T homas B. T r ip p ,
P ie r c e .

a.m .

to 1 p . m . ; also Saturdays, 7 to 9

October

31, 1898.

A ssets.

L ia b il it ie s .

Public funds, as per schedule, . $3,243,500 00
Loans on public funds,
10,000 00
Bank stock, as per schedule,
1,107,700 00
Loans on bank stock,
52,800 00
Railroad bonds, as per schedule,
587,000 00
Loans on railroad stock, .
700 00
Real estate (for banking purp o s e s ) , ....................................
186,000 00
Other real estate,
35,136 58
Loans on real estate, .
3,657,497 40
Loans on personal securitv,
3,518,069 00
Loans to counties, cities or towns
( n o t e s ) ,....................................
95,165 00
Loans on depositors’ books,
240 00
Deposits in banks, on interest, .
803,878 95
Deposits in banks, not on interest,
19,845 91
Expense account,
2,052 96
Border City Mfg. Co. stock,* .
10,000 00
Globe Yarn Mills stock,* .
15,450 00
Rotch Spinning Co. stock,*
38,000 00
New Bedford Spinning Corp’n
s t o c k , * ....................................
39,286 00
Howland Mills Corp’n stock,* .
100,000 00
Bennett Spinning Co. stock,*
58,700 00
Cash on hand, .
.
.
.
34,559 96
•


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

p.m.

Deposits, .
Guaranty fund,
Profit and loss ac,
count, .
Bank liquidation account, .

$13,615,581 76
* Taken to secure indebtedness.

$12,893,495 60
641,000 00
63,900 06
17,186 10

*

$13,615,581 76

No. 8.]

393

SAYINGS BANK COMMISSIONERS

New Bedford Institution for Savings — Continued.
Cash on Deposit in Banks, amount in each: —
National Bank of Redemption, B o s t o n , ...................................................... $277,396 82
National Revere Bank, B o s t o n ,........................................................................
261,482 13
Shoe and Leather National Bank, B o s t o n ,......................................................
100,000 00
First National Bank, New Bedford......................................................................
39,225 54
Mechanics’ National Bank, New
B e d fo r d ,...................................
35,531 27
Merchants’ National Bank, New
B e d fo r d ,...................................
35,089 10
Pynchon National Bank, Springfield,...............................................................
25,000 00
Third National Bank, S p r i n g f i e l d ,...............................................................
50,000 00

Loans on Public Funds, amount on each: —
$7,500 United States 4 s ,..................................................................................................$7,500 00
1,000 United States 4 s ,......................................................................................
1,000 00
1,500 United States 4 s ,..........................................................................................
1,500 00

Loans on Bank Stock, amount on each: —
10 shares Mechanics’ National Bank, New Bedford........................................$1,000 00
500 shares Citizens’ National Bank, New B e d f o r d , ....................................
32,000 00
12 shares Mechanics’ National Bank, New B edford ,..................................)
ggg qq
10 shares First National Bank, New B e d f o r d ,...............................................>
17 shares First National Bank, New B e d f o r d ,........................................... )
^ 000 qo

6 shares National Bank of Commerce, New Bedford,
9 shares First National Bank, New B e d f o r d ,........................................
10 shares Falmouth National Bank, Falm outh,........................................
25 shares Falmouth National Bank, Falmouth.................................................7
10 shares National Bank of Commerce, New Bedford,
.
.
.
. >
70 shares National Bank of South Reading, Wakefield.................................
54 shares Merchants’ National Bank, New B edford,.................................... t
18 shares First National Bank, New B e d f o r d ,.......................................... j13 shares Mechanics’ National Bank, New Bedford.................................... J

800 00
800 00
^ 7 0 0 go
6,400 00
8,500 00

Loan on Railroad Stock : —
23 shares Boston & Albany R .R .,......................................................................$700 00

D etailed Statem ent o f P u blic F u n d s.

Par Value.

City of
of
of
of
of
of
of
of
of

Bangor, Me., 6s, .
Boston, Mass , 4s,
Boston, Mass., 5s,
Boston, Mass , 6s,
Cambridge, Mass., 6s, .
Chelsea, Mass., 4s,
Cleveland, Ohio, 4^s, .
Cleveland, Ohio, 5s,
Danbury, Conn., 4s,


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

$100,000
100,000
472,300
1,000
1,000
50,000
100,000
11,000
50,000

Estimated
Market Value.

$101,000
100,250
514,080
1,110
1,130
53,500
104,000
11,440
53,000

00
00
00
00
00
00
00
00
00

Amount Invested.

$100,000
100,000
472,300
1,000
1,000
50,000
100,000
11,000
50,000

00
00
00
00
00
00
00
00
00

REPORT OF THE

394

[Pub. Doc

Hew Bedford Institution for Savings — Continued.
D etailed Statem ent o f Public F u n d s — Concluded.

Par Value.

City of Dayton, Ohio, 5s, .
of Detroit, Mich., 4s,
of East Saginaw, Mich., 5s,
of Fort Wayne, Ind., 6s, .
of Grand Rapids, Mich., 5s,
of Lawrence, Mass., 6s, .
of Lowell, Mass., 4s,
of Lynn, Mass., 4s, .
of Middletown, Conn., 6s,
of Milwaukee, W is., 5s, .
of New Bedford, Mass., 4s,
of New Bedford, Mass., 5s,
of New Bedford, Mass., 6s,
of Pawtucket, R. I., 5s,
of Peoria, 111., 4£s, .
of Providence, R. 1 , 4s, .
of Providence, R. L, 4£s, .
of Providence, R. I., 5s, .
of Providence, R. I., 6s, .
of Salem, Mass., 4s, .
of Springfield, Ohio, 4^s, .
of Waltham, Mass., 4s,
of Woonsocket, R. 1 , 4s, .
Town of Attleborough, Mass., 7s,
of Fairhaven, Mass., 4 s ,.
State of Massachusetts 3s,
District of Columbia 5s, .
District of Columbia 6s, .
United States 4s,
United States 5s,

$100,000
300,000
6,500
31,000
130,000
2,000
20,000
162,000
7,000
72,000
50,000
10,000
108,000
4,000
50,000
50,000
6,000
94,000
2,000
100,000
60,000
25,000
50,000
34,000
73,000
200,000
84,000
20,000
207,700
300,000

Estimated
Market Value.

$106,000
337,500
6,600
31,620
146,250
2,060
20,100
169,290
7,490
81,360
54,000
10,650
130,680
4,020
53,500
57,750
6,000
102,460
2,080
103,500
66,300
26,870
52,500
40,120
76,650
203,000
84,630
22,000
262,740
335,250

00
00
00
00
00
00
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.

$100,000
300,t;00
6,500
31,000
130,000
2,000
20,000
162,000
7,000
72,000
50,000
10,000
108,000
4,000
50,000
50,000
6.000
94,000
2,000
100,000
60,000
25,000
50,000
34,000
73,000
200,000
84,000
20,000
207,700
300,000

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

3,243,500 $3,542,480 00 $3,243,500 00
* Legal investments when made.

No. of
Shares.

D etailed Statem ent o f B a n k Stocks.

360
150
260
90
230

Par Value.

Atlas National Bank, Boston, .
Boston National Bank, Boston,
Columbian Nat’l B’k, Boston, .
Eliot National Bank, Boston, .
First National Bank, Boston, .


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

$36,000
15,000
26,000
9,000
23,000

Estimated
Market Value.

$39,240
14,887
25,220
11,700
44,850

00
50
00
00
00

Amount Invested.

$36,000
15,000
26,000
9,000
23,000

00 |
00
00
00
00

No. 8.]

395

SAYINGS BANK COMMISSIONERS

New Bedford Institution for Savings — Continued.

No. of
Shares.

D etailed Statem ent o f B an k S tock s— Concluded.

90
140
440
230
100
460
200
380
200
490
30
170
20
200
333
130
40
230
530
140
140
90
175
130
18
200
22
200
250
45
1356
1000
1096
1366
200

Par Value.

Hamilton Nat’l Bank, Boston,
Howard Nat’l Bank, Boston, .
Massachusetts N ’l B ’k, Boston,
Merchants’ Nat’l Bank, Boston,
Monument N ’l Bank, Boston, .
N ’l B’k of Commerce, Boston,
National Bank of the Com­
monwealth, Boston,
N ’l B’k of No. America, Boston,
N ’l B’k of Redemption, Boston,
N ’l B’k of the Republic, Boston,
National City Bank, Boston, .
National Eagle Bank, Boston,
Nat’l Exchange Bank, Boston,
N ’l Hide & Leather B’k, Boston,
National Revere Bank, Boston,
National Union Bank, Boston,,
New England N ’l B ’k, Boston,
North National Bank, Boston,
Second National Bank, Boston,
Shawmut Nat’l Bank, Boston,
Shoe & Leather N ’l B’k, Boston,
State National Bank, Boston, .
Tremont Nat’l Bank, Boston, .
Washington N ’l Bank, Boston,
Winthrop N ’l Bank, Boston, .
First National Bank, C helsea,.
N ’l B’k of Fairhaven,Fairhaven,
Fall River N ’l B ’k, Fall River,
Metacomet N ’l B’k, Fall River,
Railroad Nat’l Bank, Lowell, .
First Nat’l Bank, New Bedford,
Mechanics’ Nat’l Bank, New
Bedford,
.
.
.
.
Merchants’ Nat’l Bank, New
Bedford,
.
.
.
.
National Bank of Commerce,
New Bedford,
Third Nat’l Bank, Springfield,


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

Estimated
Market Value.

Amount
Invested.

$9,000
14,000
44,000
23,000
10,000
46,000

$10,260
13,615
33,000
35,650
19,600
48,530

00
00
00
00
00
00

$9,000
14,000
44,000
23,000
10,000
46,000

20,000
38,000
20,000
49,000

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

20,000
38,000
20,000
49,000

17,000
2,000
20,000
33,300
13,000
4,000
23,000
53,000
14,000
14,000
9,000
17,500
13,000
1,800
20,000
1,760
20,000
25,000
4,500
135,600

29,000
38,855
22,650
70,192
150
14,960
2,610
21,350
30,636
17,322
6,080
23,460
92,220
17,080
14,280
10,057
12,425
14,657
2,448
20,000
1,540
20,000
31,750
5,760
169,500

17,000
2,000
20,000
33,300
13,000
4,000
23,000
53,000
14,000
14,000
9,000
17,500
13,000
1,800
20,000
1,760
20,000
25,000
4,500
135,600

100,000

125,000 00

100,000

109,600

200,568 00

109,600

81,960
20,000

47,810 00
44,000 00

54,640
20,000

$1,135,020 $1,402,914 50

$1,107,700

-

-

REPORT OF THE

396

[Pub. Doc.

New Bedford Institution for Savings — Continued.
D etailed Statem ent o f R ailroad Bonds.

Par Value.

Boston, Clinton, Fitchburg & New
Bedford R.R. 5s, .
Boston & Lowell R.R. 4£s,
Boston & Lowell R.R. 5 s ,.
Boston & Maine R.R. 4s, .
Concord & Montreal R.R. 4s, .
Eastern R.R. 6s,
.
.
.
Fitchburg R.R. 5s,
.
Old Colony R.R. 4s, .

$13,000
20,000
36.000
200,000
30.000
50.000
38.000
200,000
$587,000

Estimated
Market Value.

$14,880
20,950
36,270
225,500
32,400
59,000
38,520
222,000

00
00
00
00
00
00
00
00

$649,520 00

Amount Invested.

$13,000
20,000
36.000
200,000
30.000
50.000
38.000
200,000

00
00
00
00
00
00
00
00

$587,000 00

Total A m ou nt o f L oa n s, with Each S pecified R ate o f In terest.

Amount

$628,878
175,000
158,000
2,864,100

Kate.

95
00
00
00

2 per cent.
<i
3
U
3j|
a
4

Amount

$544,825
1,732,150
50,000
887,893

Kate.

00
00
00
40

4^ per cent.
“
»

H

4|
5

Rate.

Amount

$160,000
671,197
107,100
159,206

00
00
00
00

5| per cent.
5.i
«
5|
“
6
“

Amount invested in real estate for banking purposes,.................................... $ 186,000 00
Estimated value of the s a m e , ........................................................................
186,000 00
Assessed value of the s a m e ,.................................................................................
140,890 00
Value, by books, of other real estate, held or owned by foreclosure or
oth erw ise,..........................................................................................................
35,136 58
Assessed value of the s a m e ,...............................................................................
45,260 00
Net income received from same during year ending Oct.31, 1898,
.
.
7Q1 32
Number of loans which are of an amount not exceeding $3,000 each,. 510
Aggregate amount of the s a m e , ........................................................................
642,678 00
Total number of loans upon real e s t a t e , ............................................. 602
Amount of investments from whichno income is received, .
.
.
.
201,000 00
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1 8 9 8 , ...............................................................
599,513 03
Times for the dividends fixed by the by-laws : first Monday in April and
October.
Rate and amount of each semi-annual dividend^ 2 per cent., $246,769 57 ) ^ 48g gg
during the year ending Oct. 31, 1898, .
.
I 2 per cent., 247,718 76 J
’
Number of accounts opened during the year ending Oct. 31, 1898,
2,833
Number of accounts closed during the year ending Oct. 31, 1898,
2,554
Total number of open accounts Oct. 31, 1898,
.
.
.
.
23,298


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Federal Reserve Bank of St. Louis

No. 8.]

SAVINGS BANK COMMISSIONERS.

397

New Bedford Institution for Savings — Concluded.
Total expenses of the corporation for the year ending Oct. 31, 1898 (ex­
clusive of taxes),...................................................................................................$25,774 66
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1898, .......................................................................................... 1,783,551 19
N umher of same,
............................................. 14,382
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 8 9 8 , ................................................................................................... 1,988,408 03
Number of s a m e , ................................................................................. 19,285
Date of examination hy commissioner: November 14, 15.


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Federal Reserve Bank of St. Louis

398

REPOET OF THE

[Pub. Doc

N E W B U R Y P O R T F IV E CENTS S A V IN G S B A N K — N E W BTTRYFORT.

Incorporated April 24, 1854.

Present number of corporators, 46.

M oses H. F o w l e r , President.
J. A. M a y n a r d , Treasurer.
J. A . M a y n a r d , Clerk o f the Corporation.

Names of committee charged with the investment of its funds:
A . W . Green leaf,

N a t h a n ie l D ole ,
W il l ia m F . H ouston .

M oses H . F o w l e r ,

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 o b e r 31, 1898.

A ssets.

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

L ia b il it ie s .

$422,200
129,850
32,100
206,000

00
00
00
00

30,000
17,900
504,600
125,900

00
00
00
00

21,200
56,320
183
3,226

00
47
34
54

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

$1,549,480 35

$1,378,084 19
72,681 24
85,099 52
10,000 00
3,615 40

$1,549,480 35

Cash on Deposit in Bank : —
First National Bank, N e w b u r y p o r t ,................................................................$56,320 47*


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Federal Reserve Bank of St. Louis

* Since reduced within the legal limit.

No. 8.]

SAYINGS BANK COMMISSIONERS.

399

INewburyport Five Cents Savings Bank — Continued.
Loans on Bank Stock, amount on each: —
29
50
200
100

shares
shares
shares
shares

$ 1,100 00

Ocean National Bank, Newburyport, .
Essex National Bank, Haverhill,
Broadway National Bank, Boston,
Malden Trust Company, Malden,

3.500 00*
20,000 00

7.500 00

* This loan exceeds the legal limit.

D etailed Statem ent o f P u blic F u n d s.

Par Value.

City of Bangor, Me., 6s, .
of Boston, Mass., 34s,
of Brockton, Mass., 4s,
of Chicago, 111., 4s, .
of Chicopee, Mass., 4s,
of Cleveland, Ohio, 4s,
of Danbury, Conn., 4s,
of Dubuque, la., 4s, .
of Grand Rapids, Mich., 4s,
of Grand Rapids, Mich., 44s, .
of Haverhill, Mass., 4s, .
of Kansas City, Mo., 44s, .
of Lynn, Mass., 34s, .
of Lynn, Mass., 4s, .
of Malden, Mass., 4s,
of Marlborough, Mass., 4s,
of Medford, Mass., 4s,
of Meriden, Conn., 4s,
of Nashua, N . H ., 4s,
of New Britain, Conn., 4s,
of Quincy, Mass., 34s,
of Saginaw, Mich., 4s,
of Somerville, Mass., 4s, .
of Somerville, Mass., 44s,
of Taunton, Mass., 4s,
of Waltham, Mass., 4s,
of Woonsocket, R. I., 4s, .
Town of Arlington, Mass., 4s, .
of Cranston. R. I., 4s,
of Holbrook, Mass., 4s, .
of Melrose, Mass., 4s,
of North Andover, Mass., 4s,.
of Watertown, Mass., 4s,
of Westfield, Mass., 4s, .
County of Aroostook, Me., 44s,


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Federal Reserve Bank of St. Louis

Estimated
Market Value.

$10,000
20,000
5,000
25,000
6,000
6,000
14,000
10,000
2,000
15,000
17,000
20,000
5,000
30,000
12,000
15,000
1,000
15,000
10,000
5,000
5,000
10,000
14,000
10,000
14,000
25,000
5,000
20,200
15,000
2,000
22,000
20,000
5,000
2,000
10,000
$422,200

$10,050
21,100
5,075
27,500
6,150
6,150
15,540
10,550
2,080
17,175
18,870
22,500
5,025
30,690
12,090
16,650
1,035
16,200
10,750
5,350
5,056
10,750
14,770
10,300
14,862
26,875
5,325
20,768
16,350
2,140
23,450
22,200
5,200
2,120
10,700

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

$451,397 25

* Legal investments when made.

Amount Invested.

$10,000
20,000
5,000
25,000
6,000
6,000
14,000
10,000
2,000
15,000
17,000
20,000
5,000
30,000
12,000
15,000
1,000
15,000
10,000
5,000
5,000
10,000
14,000
10,000
14,000
25,000
5,000
20,200
15,000
2,000
22,000
20,000
5,000
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*

$422,200 00

400

REPORT OF THE

[Pub. Doc

Newburyport Five Cents Savings Bank — Continued.
D etailed Statem ent o f B a n k Stocks.
o <S
Par Value.

è M
10
60
22
100
8
82
42
33
50
50
10
15
76
18
100
10
23
80
74
5
25
25
24
37
10
10
70
8
158
25
56
50
75

Atlantic Nat’l B’k, Boston,
Atlas National Bank, Boston, .
Blackstone N ’l Bank, Boston, .
Boston National Bank, Boston,
Boylston Nat’l Bank, Boston, .
Columbian Nat’l B'k, Boston, .
Continental N ’l Bank, Boston,
Eliot National Bank, Boston, .
Everett National Bank, Boston,
Globe National Bank, Boston,
Hamilton Nat’l Bank, Boston,.
Howard Nat’l Bank, Boston, .
Market Nat’l Bank, Boston, .
N ’l B ’k of Commerce, Boston,
National Bank of the Commonwealth, Boston,
N ’l B’k of No. America, Boston,
N ’l B ’k of the Republic, Boston,
National City Bank, Boston, .
National Eagle Bank, Boston,
Nat’l Exchange B’k, Boston, .
N ’l Hide & Leather B’k, Boston,
National Revere Bank, Boston,
National Union Bank, Boston,.
National Webster B ’k, Boston,
New England N ’l B ’k, Boston,
Shawmut Nat’l Bank, Boston,.
Shoe & Leather N ’l B’k, Boston,
Suffolk National Bank, Boston,
Third National Bank, Boston,.
Tremont Nat’l Bank, Boston, .
First N ’l Bank, Newburyport,
Mechanicks’ Nat’l Bank, Newburyport,
.
.
.
.
Ocean N ’l B’k, Newburyport, .

Estimated
Market Value.

Amount Invested.

$1,000
6,000
2,200
10,000
800
8,200
4,200
3,300
2,500
5,000
1,000
1,500
7,600
1,800

$1,120
6,540
1,716
9,925
968
7,954
5,040
4,290
2,000
5,000
1,140
1,458
5,852
1,899

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

$1,000
6,000
2,200
10,000
800
8,200
4,200
3,300
2,500
5,000
1,000
1,500
7,600
1,800

10,000
1,000
2,300

14,500
1,022
3,294
400
6,512
652
2,668
2,300
3,198
3,783
1,520
1,220
7,140
848
14,101
1,775
7,000

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

10,000 00
1,000 00
2,300 00
7,400 00
500 00
2,500 00
2,500 00
2,400 00
3,700 00
1,000 00
1,000 00
7,000 00
800 00
15,800 00
2,500 00
5,600 00

5,000
3,750

5,625 00
3,750 00

5,000 00
3,750 00

$129,850

$136,214 00

$129,850 00

-

7,400
500
2,500
2,500
2,400
3,700
1,000
1,000
7,000
800
15,800
2,500
5,600

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

D etailed Statem ent o f R ailroad Bonds.

Boston & Lowell R.R. 4 s ,.
Boston & Maine R.R. 4s, .
Boston & Maine R.R. 4£s,


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Federal Reserve Bank of St. Louis

Par Value.

Estimated
Market Value.

Amount Invested.

$30,000
10,000
35,000

$31,650 00
11,250 00
43,400 00

$30,000 00
10,000 00
35,000 00

No. 8.]

SAYINGS BANK COMMISSIONERS

401

Newburyport Five Cents Savings Bank — Continued.
D etailed Statem ent o f R ailroad B o n d s— Concluded.
Estimated
Market Value.

Amount Invested.

$25,000
15,000
15,000

$27,000 00
15,150 00
15,750 00

$25,000 00
15,000 00
15,000 00

2 0 ,0 0 0

22,700 00

2 0 ,0 0 0 0 0

1 0 ,0 0 0

10,050 00
16,500 00

1 0 ,0 0 0 0 0

12,900 00

Par Value.

Concord & Montreal R.R. 4s, .
Fitchburg R R. 5s,
Maine Central R.R. 4s,
New York, New Haven & Hartford
R.R. 4 s , ..................................................
N ew York, Providence & Boston
R.R. 7 s , ..................................................
Old Colony R.R. 4s, .
St. Johnsbury & Lake Champlain
R.R. 5 s , ..................................................
Upper Coos R.R. 4s,
.
.
.
Worcester, Nashua & Roch. R.R. 4s,

15,000

15,000 00

1 0 ,0 0 0
1 0 ,0 0 0
1 1 ,0 0 0

12,347 50

1 0 ,0 0 0 0 0
1 0 ,0 0 0 0 0
1 1 ,0 0 0 0 0

$206,000

$228,697 50

$206,000 00

1 0 ,0 0 0 0 0

Total A m ount o f L oa n s, with E ach Specified Rate o f Interest.

Kate.

Amount.

$56,320 47
71,200 00
34,000 00

2
4

per cent.
“

4i

Amount.

$29,300 00
339,225 00
3,500 00

Kate.

4^- per cent.
5
5i
“

Amount.

$68,650 00
135,700 00
2,225 00

Kate.

5J per cent.
6
7

Amount invested in real estate for banking purposes,....................................
$30,000 00
Estimated value of the s a m e , ........................................................................
35,000 00
Assessed value of the s a m e ,.................................................................................
33,600 00
Net income received from same during year ending Oct. 31, 1898,
643 91
Value, by books, of other real estate, held or owned by foreclosure or
o th erw ise,............................................................................................................
17,900 00
24,780 00
Assessed value of the s a m e ,.................................................................................
Number of loans which are of an amount not exceeding $3,000 each, 296
Aggregate amount of the s a m e , ........................................................................
311,400 00
Total number of loans upon real e s t a t e , ............................................. 323
Amount of investments from which no income is received, .
.
.
.
2,000 00
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1 8 9 8 , ...............................................................
71,994 87
Times for the dividends fixed by the by-laws: first Monday in May
and November.
Rate and amount of each semi-annual dividend f 2 per cent., $25,599 06 1
51,916 68
during the year ending Oct. 31, 1898,.
.
I 2 per cent.,
26,317 62 1
Number of accounts opened during the year ending Oct. 31, 1898,
. 262
Number of accounts closed during the year ending Oct. 31, 1898,
. 213
Total number of open accounts Oct. 31, 1898,
.
.
.
.
3,544


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Federal Reserve Bank of St. Louis

REPORT OF THE

402

[Pub. Doc.

Newbury port Five Cents Savings Bank — Concluded.
Total expenses of the corporation for the year ending Oct. 31, 1898 (ex­
clusive of taxes),
.......................................................................................... $3,590 43
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 8 9 8 ,..........................................................................................
137,744 30
Number of s a m e , ................................................................................. 1,385
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 8 9 8 , ...................................................................................................
153,165 94
Number of s a m e , ................................................................................. 1,919
Date of examination by commissioner: June 9.


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Federal Reserve Bank of St. Louis

No. 8.]

SAVINGS BANK COMMISSIONERS

403

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

Incorporated June 17, 1831.

Present number of corporators, 13.

C h ar l e s T . P u l s if e r , President.
A dolphus J. B l a n c h a r d , Treasurer.
C h ar l e s A . M in e r , Clerk o f the Corporation.

Names of committee charged with the investment of its funds:
F r a n c is M u rdock ,
S a m u el M . Ja c k so n ,
C h ar le s T . P u l s if e r .

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

a .m .

to 3 p . m . ; Saturdays,

B a l a n c e S h e e t O c t o b e r 31, 1898.

A ssets.

Public funds, as per schedule, .
Bank stock, as per schedule,
Loans on bank stock,
Railroad bonds, as per schedule,
Loans on railroad stock, .
Boston Terminal Co. bonds,
Real estate (for banking pur­
poses) , ....................................
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
(notes), ....................................
Deposits in banks, on interest, .
Foreclosed collateral, etc.,.
Taxes paid,
.
.
.
.
Cash on hand, .
.
.
.

L ia b il it ie s .

$116,000
35,739
17,950
283.000
1,000
100.000

00
50
00
00
00
00

50.000
66,180
2,292,022
491,753

00
00
60
59

25.000
125,713
1,299
629
3,488

00
99
36
72
57

$3,609,777 33

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

$3,401,741 34
92,000 00
36,854 19
78,937 16
244 64

$3,609,777 33

Cash on Deposit in Banks, amount in each: —
National Bank of Redemption, Boston...............................................................$97,624 78
28,089 21
Newton National Bank, N e w t o n , ...............................................................


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Federal Reserve Bank of St. Louis

404

[Pub. Doc,

REPORT OF THE

N e w t o n S a v in g s B a n k — Continued.
Loans on Bank Stock, amount on each : —
5 shares Mechanics’ National Bank, B o s to n ,.............................................
150 shares Traders’ National Bank, L o w e l l , ..............................................
7 shares Dedham National Bank, D e d h a m ,................................ .
61 shares First National Bank, West Newton................................................. )
5 shares First National Bank, Provincetown,.............................................. >

$450 00
12,000 00
500 00

^ qqq

qq

Loan on Railroad Stock : —
11

shares Boston & Albany R

.R

. , ........................................................... $1,000 00

D etailed Statem ent o f P ublic F u n d s.
t
Par Value.

City of Bangor, Me., 6s, .
of Cleveland, Ohio, 4s,
of Lewiston, Me., 6s,
of Newton, Mass., 4s,
of Newton, Mass., 5s,
of Pittsfield, Mass., 4s,
of Worcester, Mass , 5s, .
Town of Franklin, N. H ., 4s, .
of Needham, Mass , 4 s , .
County of Washington, Me., 4s,

$1,155
3,067
2,120
5,612
52,125
10,825
5,525
5,350
16,125
21,000

$1,000
3,000
2,000
5.000
50,000
10,000
5,000
5,000
15,000
20,000
$116,000

*

Estimated
Market Value.

00
50
00
50
00
00
00
00
00
00

$122,905 00

Amount Invested.

$1,000
3,000
2,000
5,000
50,000
10,000
5,000
5,000
15,000
20,000

00
00
00
00
00
00
00
00
00
00*

$116,000 00

A legal investment when made.

No. of
Shares.

D etailed Statem ent o f B a n k Stocks.

50
25
116
60
6
15
10
25
25
24
3

Par Value.

Commercial N ’l Bank, Boston,
Globe National Bank, Boston,
Lincoln Nat’l Bank, Boston, .
National Bank of the Commonwealth, Boston,
State National Bank, Boston, .
Winthrop Nat’l Bank, Boston,
First N ’l Bank, Cambridge,
Wachusett N ’l B’k, Fitchburg,
Natick National Bank, Natick,
Newton Nat’l Bank, Newton, .
Waltham N ’l Bank, Waltham,


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

$5,000
2,500
11,600
6,000
600
1,500
1,000
2,500
2,500
2,400
225
$35,825

Estimated
Market Value.

$3,800 00
2,500 00
7,598 00
8,700
670
2,040
1,750
4,500
2,875
2,160
270

00
50
00
00
00
00
00
00

$36,863 50

Amount Invested.

$5,000 00
2,500 00
11,600 00
6,000
600
1,500
1,000
2,500
2,500
2,314
225

00
00
00
00
00
00
50
00

$35,739 50

No. 8.]

405

SAYINGS BANK COMMISSIONERS
Newton Savings B an k — Continued.
D etailed Statem ent o f R ailroad Bonds.

Par Value.

Boston & Lowell R.R. 4 s ,.
Boston & Lowell R.R. 5 s ,.
Boston & Maine R.R. 4£s,
Concord & Montreal R.R. 4s, .
Fitchburg R.R. 4£s, .
.
.
.
Fitchburg R.R. 5s, .
Maine Central R R. 6s,
Maine Central R.R. 7s,
Old Colony R.R. 4s, .
Portland & Ogdensburg R.R. 6s,
St. Johnsbury & Lake Champlain
R.R. 5 s , ..................................................

$21,000
4,000
100,000
20,000
25,000
27,000
9,000
7,000
25,000
20,000

Estimated
Market Value.

$22,040
4,060
124,000
21,600
27,625
29,830
9,405
9,520
27,625
20,800

00
00
00
00
00
00
00
00
00
00

Amount Invested.

$21,000
4,000
100,000
20,000
25,000
27,000
9,000
7,000
25,000
20,000

00
00
00
00
00
00
00
00
00
00

25,000

32,250 00

25,000 00

$283,000

$328,755 00

$283,000 00

Total A m ou n t o f L oan s, with E ach Specified Rate o f In terest.

Rate.

Amount.

$28,089
97,624
32,000
44,500

21
78
00
00

2 per cent.
2è
“
35
“
4
“

Rate.

Amount.

$47,000
375,700
78,550
2,084,901

00
00
00
57

4| per cent.
4è
“
4|
“
5
»

Rate.

Amount.

$23,400 00
111,234 62
30,440 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 ,.................................................................................
Value, by books, of other real estate, held or owned by foreclosure or
otherwise..................................................................................................................
Assessed value of the s a m e ,.................................................................................
Net income received from same during year ending Oct. 31, 1898,
Number of loans which are of an amount not exceeding $3,000 each, 333
Aggregate amount of the s a m e , ........................................................................
Total number of loans upon real e s t a t e , ............................................. 537
Amount of investments from which no income is received, .
.
.
.
Gross amount of interest or profits received or earned, as per books, during
year ending Oct. 31, 1 8 9 8 ,.................................................................................
Times for the dividends fixed by the by-laws : January 10 and July 10.
Rate and amount of each semi-annual dividend t 2 per cent., $59,818 50 )
during the year ending Oct. 31, 1898,
.
A 2 per cent.,
62,463 48 >
Number of accounts opened during the year ending Oct. 31, 1898,
1,237
Number of accounts closed during the year ending Oct. 31, 1898,
. 802
Total number of open accounts Oct. 31, 1898,
.
.
.
10,679


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

$50,000 00
50,000 00
53,600 00
66,180 00
75,400 00
1,415 81
589,152 88
76,862 75
157,395 62
122,281 98

406

REPORT OF THE

[Pub. Doc.

Newton Savings B an k — Concluded.
Total expenses of the corporation for the year ending Oct. 31, 1898 (ex­
clusive of taxes),...................................................................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 8 9 8 ,..........................................................................................
Number of same,
.
.
............................................................... 9,140
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 8 9 8 , ...................................................................................................
Number of s a m e , ................................................................................. 7,803
Date of examination by commissioner : March 14.


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

$10,268 99
679,660 29

542,981 05

No. 8.]

407

SAVINGS BANK COMMISSIONERS

N E W T O N CE N TR 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.

Present number of corporators, 25.

S e w a r d W . Jo nes , President.
M e l l e n B r a y , 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 e w a r d W . J ones ,
F r a n k J. H a l e ,

D . H . A ndrew s,
D w ig h t C h e s t e r ,
E. T. C o lb u r n .

Open for business every business day except Saturdays, 9 to 11.30
Saturdays, 9 a . m . to 12 m .

Balance

Sh e e t

O ctober

a .m .

; 2 to 3.30

p .m . ;

31, 1898.

L ia b il it ie s .

A ssets.

$5,000 00
2,470 00

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

7,000 00

89,200
45,225
6,024
40
670
1,089

00
00
18
3500
38

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

$154,807 16
387 87
901 81
622 07

$156,718 91

$156,718 91

Cash on Deposit in Bank : —
Newton Centre Trust Company, Newton Centre................................................$6,024 18

D etailed Statem ent o f P u blic F u n d s.

Par Value.

County of Washington, Me., 4s,


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

*

Estimated
Market Value.

$5,000

A legal investment when made.

$5,237 50

Amount Invested.

$5,000 00*

408

REPORT OF THE

[Pub. Doc.

Newton Centre Savings Bank — Concluded.

No. of [
Shares.

D etailed Statem ent o f B a n k Stocks.

12
|10
5

Blackstone N ’l Bank, Boston, .
Shoe & Leather N ’l B’k, Boston,
Newton Centre Trust Com­
pany, Newton Centre, .

Par Value.

Estimated
Market Value.

$1,200
1,000

$936 00
1,020 00

$1,020 00
950 00

500

500 00

500 00

$2,700

$2,456 00

$2,470 00

Amount Invested.

D etailed Statem ent o f B ailroad Bonds.

Par Value.

Boston & Maine R R. 4^s,
Fitchburg R.R. 4s, .
Fitchburg R.R. 5s, .

Estimated
Market Value.

Amount Invested.

$1,000
5.000
1.000

$1,245 00
5,335 00
1,005 00

$1,000 00
5.000 00
1.000 00

$7,000

$7,585 00

$7,000 00

Total A m ou n t o f L oan s, w ith E a ch Specified R ate o f Interest.

Amount.

$6,024 18
92,650 00

Rate.

2£ per cent.
5
“

Amount.

$23,950 00

Kate.

5£ per cent.

Amount.

$17,825 00

Kate.

6 per cent.

Number of loans which are of an amount not exceeding $3,000 each,
27
Aggregate amount of the same.............................................................................. $44,625 00
Total number of loans upon real e s t a t e , ............................................. 29
Gross amount of interest or profits received or earned, as per books,
5;429
during year ending Oct. 31, 1 8 9 8 , ...............................................................
Times for the dividends fixed by the by-laws: January 15 and July 15.
Hate and amount of each semi-annual dividend f 2 per cent,
$1,421 28 7
during the year ending Oct. 31, 1898,
.
1 2 per cent.,
2,059 08 1
d,4S°
Number of accounts opened during the year ending Oct. 31, 1898,
. 346
Number of accounts closed during the year ending Oct. 31, 1898,
. 123
Total number of open accounts Oct. 31, 1 8 9 8 , .................................... 762
Total expenses of the corporation for the year ending Oct. 31, 1898 (ex­
clusive of taxes).....................................................................................................
194
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1898...............................................................................................
107 522
Number of s a m e , ................................................................................. 1,626
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1898............................................................................................................
46,389
Number of s a m e , .......................................................................................... 635
Date of examination by commissioner: October 3.


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

67

d6

42
14

92

No. 8.]

409

SAYINGS BANK COMMISSIONERS

N O R T H A D AM 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.

Present number of corporators, 33.

A . C. H oughton , President.
V . A. W h it a k e r , Treasurer.
Y . 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 ,

W . H . Gaylord,

F. A . W

ilco xso n .

Open for business every business day, 9

a .m .

to 4

p .m .

B a l a n c e S h e e t O c t o b e r 31, 1898.

L ia b il it ie s .

A ssets.

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

$144,700
95.500
8,050
20,000

00
00
00
00

14,997
4,000
1,694,605
674,015

12
00
45
50

99,600
400
23,626
14.501
959
33,625
3,300

00
00
30
18
97
71
17

$2,831,881 40

Deposits, .
Guaranty fund,
Undivided earnings,.
State tax account, .
Due on personal loans,

$2,665,833
137,000
21,047
3.000
5.000

85
00
55
00
00

$2,831,881 40

Cash on Deposit in Banks, amount in each: —
New England National Bank, Boston, .
Adams National Bank, North Adams, .
Berkshire National Bank, North Adams,

$23,626 30
8,023 51

6,477 67

Loans on Bank Stock, amount on each ; —
120 shares Adams National Bank, North Adams,
3 shares Pittsfield National Bank, Pittsfield,


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

$7,800 00
250 00

410

REPORT OF THE

[Pub. Doc

N o r t h A d a m s S a v in g s B a n k — Continued.
D etailed Statem ent o f P u blic F unds.

Par Value.

City of Bangor, Me., 6s, .
of Dayton, Ohio, 4s, .
of Fall River, Mass., 6s,
of Lowell, Mass., 4s,
of Norwich, Conn., 4s,
of Portland, Me., 6 s ,.
of Providence, R. I., 5s,
of Woonsocket, R. I., 4s,
Town of Plymouth, Mass., 4s,

Estimated
Market Value.

$2,000
20,000
10,000
10,000
25,000
5,000
18,000
30,000
24,700

.

.
.
.

$144,700

$2,020
20,575
11,590
10,500
25,700
5,900
18,500
31,100
25,688

00
00
00
00
00
00
00
00
00

$151,573 00

Amount Invested.

$2,000
20,000
10,000
10,000
25,000
5,000
18,000
30,000
24,700

00
00*
00
00
00
00
00
00*
00

$144,700 00

* Legal investments when made.

No. of
Shares.

D etailed Statem ent o f B a n k Stocks.

7
418
500
30

Par Value.

Lee National Bank, Lee, .
Adams N ’l B’k, North Adams,
Berkshire N ’l B’k, No. Adams,
Pittsfield Nat’l B ’k, Pittsfield,.

$700
41,800
50,000
3,000
$95,500

Estimated
Market Value.

$1,050
53,504
55,000
4,500

00
00
00
00

$114,054 00

Amount Invested.

$700
41,800
50,000
3,000

00
00
00
00

$95,500 00

D etailed Statem ent o f R ailroad Bonds.

Par Value.

Fitchburg R.R. 4s,

.

$20,000

Estimated
Market Value.

Amount Invested.

$20,000 00

$20,000 00

Total A m ou n t of L oa n s, w ith E ach Specified R ate o f L iterest.

Amount.

$23,626 30
199,000 00

Rate.

2 per cent.

4


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

“

Amount.

Rate.

$55,600 00
2,138,637 86

4\ per cent.
5

“

Amount.

$83,433 09

Rate.

6 per cent.

No. 8.]

SAYINGS BANK COMMISSIONERS.

411

North Adams Savings Bank — 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 erw ise,............................................................................................................
Assessed value of the s a m e ,.................................................................................
Number of loans which are of an amount not exceeding $3,000 each, 591
Aggregate amount of the s a m e , ........................................................................
Total number of loans upon real estate....................................................... 579
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1898........................................................................
Times for the dividends fixed by the by-laws : April 1 and October 1.
Rate and amount of each semi-annual dividend f 2 per cent., $49,751 81 )
during the year ending Oct. 31,1898,
.
. 1 2 per cent.,
50,422 73 J
Number of accounts opened during the year ending Oct. 31, 1898,
1,270
Number of accounts closed during the year ending Oct. 31, 1898,
1,127
Total number of open accounts Oct. 31, 1898....................................
6,963
Total expenses of the corporation for the year ending Oct. 31, 1898 (ex­
clusive of taxes),...................................................................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 8 9 8 ,..........................................................................................
Number of s a m e ,................................................................................. 7,616
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1898............................................................................................................
Number of s a m e , ................................................................................. 6,445
Date of examination by commissioner: April 14.


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

$14,997 12
40.000 00
33.000 00
4,000 00
2,700 00
659,321 34

132,828 13
100,174 54

11,094 85
511,152 43

532,703 25

412

REPORT OF THE

[Pub. Doc

N O R T H A M P T O N IN S T IT U T IO N FOR S A V IN G S — N O R T H ­
AM P TO N .

Incorporated March 1, 1842.

Present number of corporators, 17.

O l iv e r W a l k e r , President.
L. M a l t b y , Treasurer.
T. G. S p a u l d in g , Clerk o f the Corporation.

Names of committee charged with the investment of its funds:
L. M a l t b y ,

A rthur W
O scar E d w a r d s .

atson ,

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

p .m .

; Saturdays,

B alance Sheet October 31, 1898.

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,
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,
Vault work,
.
.
.
.
Premium account,
Tax account,
.
.
.
.
Cash on hand, .
.
.
.

L ia b il it ie s .

$823,000
53,900
16,715
480.000
100.000

00
00
00
00
00

27,000
5,900
1,520,370
369,993

00
00
50
98

57,100
2,738
57,260
954
3,146
12,000
26
3,824

00
50
46
50
04
00
10
67

$3,533,929 75

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

$3,349,937 54
170,000 00
9,999 04
3,193 17
800 00

$3,533,929 75

Cash on Deposit in Banks, amount in each: —
Second National Bank, Boston,
First National Bank, Northampton,
Northampton National Bank, Northampton,


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

$871 20
8,000 00

48,389 26

No. 8.]

413

SAYINGS BANK COMMISSIONERS

Northampton Institution for Savings — Continued.
Loans on Bank Stock, amount on each : 27 shares First National Bank, Northampton,
8 shares First National Bank, Northampton,
10 shares Ware National Bank, Ware,
18 shares Palmer National Bank, Palmer,
13 shares Park National Bank, Holyoke, .
5 shares First National Bank, Easthampton,
12 shares First National Bank, Easthampton,
5 shares First National Bank, Easthampton,
100 shares First National Bank, Easthampton,

.

.

.

.
.
.
.

82,700
800
900
200
1,200
375
400
140
10,000

00
00
00
00
00
00
00
00
00*

* This loan is in excess of the legal limit.
D etailed Statem ent o f Public Fu nd s.
Estimated
Market Value.

City of Boston, Mass., 4 s ,.
of Cambridge, Mass., 4s, .
of Cleveland, Ohio, 4£s, .
of Cleveland, Ohio, 5s,
of Dayton, Oldo, 5s, .
of Detroit, Mich., 4s,
of Detroit, Mich., 7s,
of Grand Rapids, Mich., 4£s,
of Manchester, N. IL, 4£s,
of Milwaukee, W is., 5s, .
of Milwaukee, W is , 7s, .
of Northampton, Mass., 4s,
of Providence, R. I., 4s, .
of Scranton, Pa., 4is,
of Springfield, Ohio, 5s, .
Town of Meriden, Conn., 4£s, .
of Meriden, Conn., 6s, .
State of Massachusetts 3^s,
United States 4s,
.
.
.

.

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

$200,000
30,000
28,000
75,000
24,000
50,000
20,000
20,000
25,000
10,000
4,000
50,000
50,000
35,000
5,000
40,000
7,000
50,000
100,000

$226,562
32,700
29,050
80,437
24,300
57,000
22,150
22,700
28,375
11,060
4,420
54,000
54,750
36,575
5,775
42,400
7,052
56,000
127,000

$823,000

$922,307 50

AiMotiiii; 111\estui.

$200,000
30,000
28,000
75,000
24,000
50,000
20,000
20,000
25,000
10,000
4,000
50,000
50,000
35,000
5,000
40,000
7,000
50,000
100,000

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

$823,000 00

* A legal investment when made.

D etailed Statem ent o f B a n k Stocks.
V* jo

O 0)
o2
^ cc

29
53
31
105
17

20
7

Estimated
Market Value.

Atlantic Nat’l Bank, Boston, .
Boston N ’l Bank, Boston,
Bunker H ill N ’l B ’k, Boston, .
First National Bank, Boston, .
Hancock Nat’l Bank, Boston, .
Merchants’ Nat’l Bank, Boston,
Monument Nat’l Bank, Boston,


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

$2,900
5,300
3,100
10,500
1,700
2,000
700

$3,248
5,260
5,952
20,475
425
3,100
1,372

00
25
00
00
00
00
00

$2,900
5,300
3,100
10,500
1,700
2,000
700

00]
00
00 ’
00]
00
00
00

414

REPORT OF THE

[Pub. Doc.

Northampton Institution for Savings — Continued.

No. of
Shares.

D etailed Statem ent o f B a n k S tock s— Concluded.

15
27
10
13
50
26
17
20
9
50
40

Par Value.

N ’l B’k of Commerce, Boston,
N ’l B’k of No. America, Boston,
Nat’l Exchange Bank, Boston,
National Webster B’k, Boston,
Second National Bank, Boston,
Shawmut Nat’l Bank, B oston,.
State National Bank, Boston, .
Washington N ’l Bank, Boston,
First N ’l Bank, Northampton,
Northampton National Bank,
Northampton,
City National B’k, Worcester,

$1,500
2,700
1,000
1,300
5,000
2,600
1,700
2,000
900

Estimated
Market Value.

$1,582
2,760
1,305
1,329
8,700
3,172
1,899
2,255
1,215

50
75
00
25
00
00
75
00
00

Amount Invested.

$1,500
2,700
1,000
1,300
5,000
2,600
1,700
2,000
900

00
00
00
00
00
00
00
00
00

5,000
4,000

10,000 00
5,600 00

5,000 00
4,000 00

$53,900

$79,651 50

$53,900 00

D etailed Statem ent o f R ailroad Bonds.

Boston & Albany R.R. 5s,
Boston, Clinton, Fitchburg & New
Bedford R.R. 5s, .
Fitchburg R.R, 4s, .
Fitchburg R.R. 5s, .
Maine Central R.R. 4ès, .
Old Colony R.R. 4s, .
N. Y. & N . F. R.R. (terminal) 4s, .
N ew York, New Haven & Hartford
R.R. 4 s , ..................................................
Rumford Falls & Rangeley Lakes
R.R. 5s......................................................

Par Value.

Estimated
Market Value.

Amount Invested.

$50,000

$52,625 00

$50,000 00

40,000
50,000
100,000
50,000
50,000
70,000

45,800
53,750
111,500
55,000
56,500
79,450

40,000
50,000
100,000
50,000
50,000
70,000

00
00
00
00
00
00

00
00
00
00
00
00

50,000

56,250 00

50,000 00

20,000

23,400 00

20,000 00

$480,000

$534,275 00

$480,000 00

Total A m ou n t o f L oa n s, w ith E a ch Specified R ate o f Interest.

Amount.

$871
56,389
20,000
247,500

Rate.

20
26
00
00

2 per cent.
3
“

3à
4


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

“
“

Amount.

$70,000 00
437,000 00
50,000 00

Rate.

4J per cent.
4è
“
4§
“

Amount.

$30,000 00
1,063,742 98
48,675 00

Rate.

4| per cent.
5
“
6
“

No. 8.]

415

SAYINGS BANK COMMISSIONERS.

Northampton Institution for Savings — 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, 1898,
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 year ending Oct. 31, 1898,
Number of loans which are of an amount not exceeding $3,000 each, 458
Aggregate amount of the same...............................................................................
Total number of loans upon real estate,
.
.
.
.
.
. 471
Amount of investments from which no income is received, .
.
.
.
Gross amount of interest or profits received or earned, as per books, during
year ending Oct. 31,1898.....................................................................................
Times for the dividends fixed by the by-laws: first Wednesday in April
and October.
Rate and amount of each semi-annual dividend t 2 per cent., $63,007 80
during the year ending Oct. 31, 1898,
.
. < 2 per cent.,
63,760 11
Number of accounts opened during the year ending Oct. 31, 1898,
1,297
Number of accounts closed during the year ending Oct. 31, 1898,
. 914
Total number of open accounts Oct. 31, 1898,
.
.
.
.
8,191
Total expenses of the corporation for the year ending Oct. 31, 1898 (ex­
clusive of taxes),
.................................... .....................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 8 9 8 ,..........................................................................................
Number of s a m e , .......................................................................................... 6,795
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 8 9 8 , ...................................................................................................
Number of s a m e , ...........................................................................................6,738
Date of examination by commissioner: April 25.


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

$27,000
30,000
26,300
400

00
00
00
00

5,900 00
6,360 00
93 45
476,105 00
2,000 00

156,355 07

126,767 91

8,911 57
536,377 20

521,783 06

416

REPORT OF THE

N O R TH A V E N U E

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

Incorporated March 7, 1872.
S a m u e l F. W

[Pub. Doc

Present number of corporators, 24.

M ilto n L. W alt on , Treasurer.
G eorge W . P a r k e , Clerk o f the Corporation.

o o d b r id g e ,

President.

Names of committee charged with the investment of its funds :
S a m u e l F. W o o d br id g e ,
W il l ia m F. S t a r k ,
R u ssell S. E d w a r d s ,
C h a r l e s F. S tratton ,
W a r r e n L. H ooper .

Open for business every business day, 9 a . m . to 1 p . m . ; also Saturdays, 6 to 8

p .m .

B a l a n c e S h e e t O c t o b e r 31, 1898.

A ssets.

Public funds, as per schedule, .
Bank stock, as per schedule,
Loans on bank stock,.
Railroad bonds, as per schedule,
Loans on railroad stock,
Boston Terminal Co. bonds,
Real estate by foreclosure,
Loans on real estate, .
Loans on personal securitv,
Loans to counties, cities or towns
( n o t e s ) ,....................................
Deposits in banks, on interest, .
Interest account,
Cash on hand, .
.
.
.

L ia b il it ie s .

$40,000
11,150
6,400
20,000
500
5,000
5,399
452,443
137,800

00
00
00
00
00
00
38
00
00

5,400
55,924
1,172
2,292

00
28
25
25

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

$743,481 16

$709,109 52
15,500 00
18,871 64

$743,481 16

Cash on Deposit in Banks, amount in each: —
Faneuil Hall National Bank, B o s to n ,................................................................$22,450 67
Howard National Bank, B o s to n ,........................................................................
33,473 61
Loans on Bank Stock, amount on each : —
60 shares Mercantile Loan and Trust Company, Boston, .
.
.
.
30 shares Shoe and Leather National Bank, B o s t o n ,.....................................
7 shares South Berwick National Bank, South Berwick, Me., . .
.

$4,000 00
2,200 00
200 00

Loan on Railroad Stock: —
6 shares Boston & Maine R . R . , ........................................................................ $500 00


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

No. 8.]

SAYINGS BANK COMMISSIONERS.

417

North Avenue Savings Bank — Continued.
D etailed Statem ent o f P u blic F u n d s.

Par Value.

City of Brockton, Mass., 4s,
of Kansas City, Mo., 4£s, .
Town of Watertown, Mass., 4s,
United States 4s,
.
.
.

$5,000
20,000
10,000
5,000
$40,000

Estimated
Market Value.

$5,562
22,600
10,500
5,556

50
00
00
25

$44,218 75

Amount Invested.

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

00
00
00
00

$40,000 00

No. of
Shares.

D etailed Statem ent o f B an k Stocks.

13
75
5
5
15

Par Value.

Blackstone Nat’l B’k, Boston,.
Faneuil Hall N ’1 Bank, Boston,
Nat’l Exchange Bank, Boston,
Third National Bank, Boston,.
First Nat’l B ’k, Marlborough,

$1,300
7,500
500
500
1,500
$11,300

Estimated
Market Value.

$1,014
9,431
652
446
1,725

00
25
50
25
00

$13,269 00

Amount Invested.

$1,300
7,500
500
500
1,350

00
00
00
00
00

$11,150 00

D etailed Statem ent o f R ailroad Bonds.

Par Value.

Concord & Montreal R.R. 4s,
Fitchburg R.R. 5s, .
Old Colony R.R. 4s, .
Upper Coos R.R. 4 s , .
Upper Coos R.R. 4£s,

.

$5,000
2,000
3.000
5.000
5.000
$20,000

Estimated
Market Value.

$5,400
2,230
3,390
5,000
5,450

00
00
00
00
00

$21,470 00

Amount Invested.

$5,000
2,000
3.000
5.000
5.000

00
00
00
00
00

$20,000 00

Total A m ou n t o f L oa n s, w ith E a ch S pecified R ate o f In terest.

Amount.

$55,924 28
8,400 00
19,500 00

Kate.

2
4
4£

per cent.
“

“


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

Amount.

$22,500 00
346,078 00
132,440 00

Bate.

4^ per cent.
5
“
5h
“

Amount.

$73,325 00
300 00

Kate.

6 per cent.
6è
“

REPORT OF THE

418

[Pub. Doc.

North Avenue Savings Bank — Concluded.
$5,399 38
Value, by books, of real estate, held or owned by foreclosure or otherwise,
3,250 00
Assessed value of the s a m e ,.................................................................................
Number of loans which are of an amount not exceeding $3,000 each,
168
265,343 00
Aggregate amount of the s a m e , ........................................................................
Total number of loans upon real e s t a t e , ............................................. 191
5,399 38
Amount of investments from which no income is received, .
.
.
.
Gross amount of interest or profits received or earned, as per books,
33,781 61
during year ending Oct. 31, 1 8 9 8 , ...............................................................
Times for the dividends fixed by the by-laws: January 10 and July 10.
Rate and amount of each semi-annual dividend f 2 per cent., $11,608 22 i
24,012 59
during the year ending Oct. 31, 1898,
.
1 2 per cent.,
12,404 37 S
Number of accounts opened during the year ending Oct. 31, 1898,
. 572
Number of accounts closed during the year ending Oct. 31, 1898,
. 351
Total number of open accounts Oct. 31, 1898....................................
2,927
Total expenses of the corporation for the year ending Oct. 31, 1898 (ex­
2,888 74
clusive of taxes),
..........................................................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 8 9 8 ,..........................................................................................
204,197 07
Number of s a m e , ................................................................................. 3,902
Amount of withdrawals, including dividends, during the year ending
142,518 12
Oct. 31, 1898............................................................................................................
Number of s a m e , ................................................................................. 2,494
Date of examination by commissioner: April 25.


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

No. 8 .]

SA Y IN G S B A N K COM M ISSION EKS.

419

N O R T H B R O O K FIE LD S A V IN G S B A N K — N O R TH
BR O O K FIE LD .

Incorporated Feb. 28, 1854.

Present number of corporators, 30.

G e o r g e R . H a m a n t , President.

C h a r l e s E . B a t c h e l l e r , Treasurer.

C h a r l e s E. B a t c h e l l e r , Clerk o f the Corporation.

Names of committee charged with the investment of its funds:
G eorge R . H a m an t,
F r a n k A . Sm it h ,

Su m n e r H o l m e s ,
A l b e r t H . F o st e r .

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

.m .

to 1 p

.m .

; 2 to 4 p

.m . ;

B alance Sheet October 31, 1898.

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 pur­
poses), ....................................
Real estate by foreclosure,
Loans on real estate, .
Loans to counties, cities or towns
(notes).........................................
Deposits in banks, on interest, .
Expense account,
Cash on hand, .
.
.
.

L ia b il it ie s .

$ 120,000
1,400
600
171,000

00

00

00
00
10,000 00

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

$727,056 21
36,500 00
20,848 65
5,632 97

9,000 00
14,512 00
446,877 00
15,000
921
277
450

00
18
65
00

$790,037 83

$790,037 83

Cash on Deposit in Banks, amount in each: —
Third National Bank, B o s t o n , ........................................................................ $902 72
18 46
First National Bank, W orcester,........................................................................
Loan on Bank Stock: —
8

shares Ware National Bank, W a r e , ............................................................ $600 00


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

420

REPORT OF THE

[Pub. Doc.

North Brookfield Savings Bank — Continued.
D e ta iled S ta tem en t o f P u b lic F u n d s .

Par Value.

City of Boston, Mass., 6s,
of Canton, Ohio, 5s, .
of Cleveland, Ohio, 5s,
of Dayton, Ohio, 5s, .
of Fort Wayne, Ind , 6s, .
of Kansas City, Mo., 4£s, .
of Malden, Mass., 4s,
of Providence, R. I., 5s, .
of Salem, Mass., 5s, .
of Springfield, Ohio, 5s, .
of Stamford, Conn., 4s,
County of Aroostook, Me., 4ès,
State of New Hampshire 6s, .

Estimated
Market Value.

$4,460
11,150
1,127
38,997
16,600
11,300
12,530
7,602
2,165
11,652
4,400
7,560
1,055

$4,000
10,000
1,000
35.000
16.000
10,000
12,000
7.000
2.000
11,000
4.000
7.000
1.000

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

Amount Invested.

$4,000
10,000
1,000
35.000
16.000
10,000
12.000
7.000
2.000
11,000
4.000
7.000
1.000

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

$120,000 $130,599 50 $120,000 00

* Legal investments when made.
D eta iled S ta tem en t o f B a n k S tock s.
© 5
•*-<
O
»g

10
4

Par Value.

Eliot National Bank, Boston, .
Ware National Bank, Ware, .

Estimated
Market Value.

Amount Invested.

$1,000
400

$1,300 00
420 00

$1,000 00
400 00

$1,400

$1,720 00

$1,400 00

D eta iled S ta tem en t o f R a ilr o a d B o n d s .

Par Value.

Boston & Albany R.R. 4s,
Boston, Clinton, Fitchburg & New
Bedford R.R. 5s, .
Boston & Maine R.R. 4s, .
Boston, Winthrop & Shore R.R. 5s, .
Concord & Montreal R.R. 4s, .
Eastern R.R. 6s,
Fitchburg R.R. 5s, .
Maine Central R.R. 4s,
Maine Central R.R. 6s,


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

Estimated
Market Value.

Amount Invested.

$7,000

$7,542 50

$7,000 00

5.000
20,000
5.000
15.000
27.000
15.000
5.000
6,500

5,725
22,450
5,400
16,200
32,062
15,975
5,250
6,792

5.000
20,000
5.000
15.000
27.000
15.000
5.000
6,500

00
00
00
00
50
00
00
50

00
00
00
00
00
00
00
00

No. 8 .]

SA V IN G S B A N K CO M M ISSION ERS

421

North Brookfield Savings Bank — Concluded.
D etailed S ta tem en t o f R a ilr o a d B o n d s

Estimated
Market Value.

Amount Invested.

$15,000
5,000
25,500

$20,400 00
5,550 00
26,456 25

$15,000 00
5,000 00
25,500 00

10,000
10,000

12,125 00
10,900 00

10,000 00
10,000 00

Par Value.

Maine Central R.R. 7s,
Old Colony R.R. 4s, .
Portland & Ogdensburg R.R. 6s,
Portsmouth, Great Falls & Conway
R.R. 4 £ s , ...................................
Upper Coos R.R. 4£s,

— Concluded.

$171,000 $193,928 75 $171,000 00

T otal A m o u n t o f L o a n s , w ith E a c h S p ecified R a te o f In terest.

Amount.
$921 18
10,000 00

Kate.
2^ per cent.
4
“

Amount.
$5,000 00
446,877 00

Kate.
4.48 per cent.
5£
“

Amount.
$600 00

Rate.
6 per cent.

Amount invested in real estate for banking purposes,....................................
$9,000 00
Estimated value of the s a m e , ........................................................................
9,000 00
Assessed value of the s a m e ,.................................................................................
10,000 00
Value, by books, of other real estate, held or owned by foreclosure or
o th e r w ise ,............................................................................................................
14,512 00
Assessed value of the same.....................................................................................
21,000 00
Net income received from same during year ending Oct. 31, 1898,
288 45
Number of loans which are of an amount not exceeding $3,000 each, 336
Aggregate amount of the s a m e , ........................................................................
345,627 00
Total number of loans upon real e s t a t e , ............................................. 359
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1 8 9 8 , ...............................................................
41,303 47
Times for the dividends fixed by the by-laws: January 1 and July 1.
Rate and amount of each semi-annual dividend f 2 per cent., $13,846 70 1
27,789 10
during the year ending Oct. 31, 1898,
.
. 1 2 per cent., 13,942 40 i
Number of accounts opened during the year ending Oct. 31, 1898,
. 252
Number of accounts closed during the year ending Oct. 31, 1898,
. 206
2,573
Total number of open accounts Oct. 31, 1898....................................
Total expenses of the corporation for the year ending Oct. 31, 1898 (ex­
clusive of taxes).....................................................................................................
2,129 80
* Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1898..............................................................................................
96,373 96
Number of s a m e , ...........................................................................................1,874
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1898...............................................................
.
.
.
.
117,647 13
Number of same................................................................................................1,479
Date of examination by commissioner: April 8 .


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Federal Reserve Bank of St. Louis

[Pub. Doc

R E P O R T O F TH E

422

N O R T H E A S T O N S A V IN G S B A N K — N O R T H EA STO N .

Incorporated Feb. 8 , 1864.

Present number of corporators, 23.

O a k e s A . A m e s , President.
C h e s t e r R . F i e l d , Treasurer.
C h e s t e r R . F i e l d , Clerk o f the Corporation.

Names of committee charged with the investment of its funds:
Oa k e s A . A m e s ,
Cy r u s L o t h r o p ,

W il l ia m H . A m es,
L e a v it t L . B e r r y ,
W . K . Gow ard.

Open fo r business every business day, 9 a . m . to 12

m.

; 1.30 to 3 p .m .

B a l a n c e S h e e t O c t o b e r 31, 1898.

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 by foreclosure,
Loans on real estate, .
Loans on personal security,
Deposits in banks, on interest, .
Deposits in banks, not on interest,
Expense account,
Howland Mills stock,*
Rotch Spinning Co. stock,*
Cash on hand.................................

$89,045
89,643
5,000
99,042
5,276
3,307
383,291
346,300
26,243
1,831
133
7,500

48
93
00
50
88

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

$994,982 95
48,852 60
15,324 70
349 80

40
46
00
34
92
00
00

2,200 00

694 14
$1,059,510 05

$1,059,510 05
* Taken to secure indebtedness.

Cash on Deposit in Banks, amount in each : —
National Bank of the Commonwealth, Boston....................................................$26,243 34
First National Bank of Easton, North E a s t o n ,............................................. 1,831 92
Loan on Bank Stock: —
75 shares First National Bank of Easton, North Easton,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

.

.

.

.

$5,000 00

No. 8 .]

S A Y IN G S B A N K CO M M ISSION ERS

423

North Easton Savings Bank — Continued.
D eta iled S ta tem en t o f P u b lic F u n d s .

Par Value.

City of Bangor, Me., 6s, .
of Columbus, Ohio, 4s,
of Malden, Mass., 4s,
Town of Greenfield, Mass. (Fire
District), 4s, .
of Marlborough, Mass., 4s, .
of Montague, Mass., 4 s ,.
of No Easton, Mass. (Village
District), 4s, .
of Randolph, Mass., 4s, .
of Stoughton, Mass., 4s,

Estimated
Market Value.

Amount Invested.

$8,000
6,000
5,550

$8,080 00
6,150 00
5,878 37

$6,960 00
6,000 00*
5,860 48

10,000
1,000
10,000

10,187 50
1,077 50
10,325 00

10,000 00
1,000 00
10,000 00

30,000
15,000
4,000

32,400 00
15,925 00
4,020 00

30,225 00
15,000 00
4,000 00

$89,550

$94,043 37

$89,045 48

.
*

A legal investment when made.

No. of
Shares.

D eta iled S ta tem en t o f B a n k Stock s.

25
25
78
25
25
25
38
25
20
50
57
25
90
50
25
25
12
75
100
66
38
7

Par Value.

Atlantic Nat’l Bank, Boston, .
Atlas National Bank, Boston, .
Everett National B'k, Boston,.
Hamilton Nat’l Bank, Boston,
Manufacturers’ N’l B’k, Boston,
Market National Bank, Boston,
N’l B’k of Redemption, Boston,
National City Bank, Boston, .
National Eagle Bank, Boston,
N’l Hide & Leather B’k, Boston,
National Revere Bank, Boston,
New England N’l B’k, Boston,
North National Bank, Boston,
Shawmut Nat’l Bank, Boston,.
Shoe & Leather N’l B’k, Boston,
State National Bank, Boston, .
Tremont Nat’l Bank, Boston, .
Neponset Nat’l Bank, Canton,
First National Bank of Easton,
North Easton,
National City Bank, Lynn,
Bristol County National Bank,
Taunton,
.
.
.
.
Taunton Nat’l Bank, Taunton,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

.

Estimated
Market Value.

Amount Invested.

00
00
00
00
00
00
50
00
00
50
00
00
00
00
00
75
00
00

$3,150 00
2,878 13
3,706 00
2,950 00
2,375 00
2,300 00
4,789 00
1,680 00
5,312 50
3,773 00
3,325 00
9,432 00
5,800 00
2,203 75
2,693 75
912 50
8,100 00

10,000
6,600

12,300 00
9,900 00

10,500 00
8,282 80

3,800
700

4,750 00
1,050 00

4,560 00
920 50

$84,200

$93,465 75

$89,643 93

$2,500
2,500
3,900
2,500
2,500
2,500
3,800
-

2,000
5,000
5,700
2,500
9,000
5,000
2,500
2,500
1,200
7,500

$2,800
2,725
3,120
2.850
2,500
1,925
4,303
125
1,760
5,337
5,244
3,800
9,180
6,100
2,550
2,793
852
7,500

424

R E P O R T O F TH E

[Pub. D oc

Worth Easton Savings Bank — Concluded.
D eta iled S ta tem en t o f R a ilr o a d B o n d s .

Par Value.

Boston & Lowell R.R. 4 s,.
Concord & Montreal R.R. 4s, .
Fitchburg R.R. 4s,
Fitchburg R.R. 5s,
Grafton & Upton R.R. 4s,
Old Colony R.R. 4s, .
Old Colony R.R. 4<£s,
Portland & Rumford Falls R.R. 4s, .
Rumford Falls & Rangeley Lakes
R.R. 5 s ,...........................................

$31,000
20,000
15,000
5,000
5,000
5,000
1,000
5,000
10,000

Estimated
Market Value.

$32,350
21,650
15,675
5,562
5,000
5,600
1,052
5,225

00
00
00
50
00
00
50
00

Amount Invested.

$31,000
20,029
14,792
5,000
5,207
5,000
1,000
5,278

00
45
22
00
50
00
00
61

11,734 72

11,734 72

$97,000 $103,849 72

$99,042 50

Total A m o u n t o f L o a n s , w ith E a c h S p ecified R a te o f In ter es t.

Amount.

$26,243
153,500
50,800
25,000

Kate.

34
00

2

4

per cent.

00

4i

“
«

00

4|

“

Amount.

$36,000
25.000
224,250
31.000

Kate.

00
00
00
00

44 per cent.
4f
“
5
“
5i
“

Amount.

$67,188 46
121,453 00
400 00

Rate.

5£ per cent.
6

“

7

Value, by books, of real estate, held or owned by foreclosure or otherwise,
$3,307 40
Assessed value of the s a m e ,..................................................................................
2,400 00
Number of loans which are of an amount not exceeding $3,000 each, 217
Aggregate amount of the s a m e , .........................................................................
200,241 46
Total number of loans upon real e s t a t e , ..............................................248
Amount of investments from which no income is received,
.
.
.
3,307 40
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1898,
.
.
.
.
.
.
.
.
45,915 85
Times for the dividends fixed by the by-laws : April 15 and October 15.
Rate and amount of each semi-annual dividend f 2 per cent., $18,438 24 1
37,349 52
during the year ending Oct. 31,1898,
.
. 1 2 per cent.,
18,911 28 J
Number of accounts opened during the year ending Oct. 31, 1898,
. 260
Number of accounts closed during the year ending Oct. 31, 1898,
. 188
Total number of open accounts Oct. 31, 1898,
.
.
.
.
2,479
Total expenses of the corporation for the year ending Oct. 31, 1898 (ex­
clusive of taxes),
..........................................................................................
1,717 06
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 8 9 8 ,..........................................................................................
137,203 52
Number of s a m e , ................................................................................. 1,342
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1 8 9 8 , ...................................................................................................
118,541 33
Number of s a m e , ................................................................................. 1,376
Date of examination by commissioner: February 14.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

No. 8 .]

425

SA Y IN G S B A N K CO M M ISSION ERS

N O R T H EN D S A V IN G S B A N K — BOSTON.

Incorporated Feb. 17, 1870.

Present number of corporators, 27.

T h o m a s L. J e n k s , President.
H e r b e r t C. W e l l s , Treasurer.
W m , C . W il l ia m s o n , Clerk o f the Corporation.

Names of committee charged with the investment of its funds:
T h o m a s L. J e n k s ,
C l in t o n V i l e s ,
C h a r l e s E. W i g g i n ,
I n c r e a se E. N o y e s ,
W i l l i a m G. S h i l l a b e r ,
J o se p h R. R i c h a r d s ,
L. F o st e r M o r s e .

Open for business every business day, 9 a . m . to 2 p . m . ; also Saturdays, for deposits
only, until 8 p . m .

B a la n c e S h e e t O ctober

A ssets.

Public funds, as per schedule, .
Bank stock, as per schedule,
Loans on bank stock,
Railroad bonds, as per schedule,
Loans on railroad bonds, .
Loans on railroad stock, .
Boston Terminal Co. bonds,
Real estate by foreclosure,.
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
( n o t e s ) ,....................................
Deposits in banks, on interest, .
Expense account,
Cash on hand, .
.
.
.

31, 1898.

L ia b il it ie s .

$88,400
171,602
7,500
151,750
300
1,150

00
62
00
00
00
00

Deposits, .
Guaranty fund,
Interest account,
Bank liquidation ac­
count, .

$2,443,286 79
75,000 00
38,766 09
4,658 10

100,000 00

7,357 90
1,612,679 96
152,022 75
8,600
253,500
3,406
3,441

00

00
03
72

$2,561,710 98

$2,561,710 98

Cash on Deposit in Banks, amount in each: —
Columbian National Bank, B o s t o n , ............................................................... $115,000 00
Metropolitan National Bank, B o s t o n ,...............................................................
120,000 00
National Security Bank, B o s to n ,............................................................... .........
18,500 00


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

R E P O R T O F TH E

426

[Pub. Doc,

North End Savings Bank — Continued.
Loans on Bank Stock, amount on each : —
200 shares Metacomet National Bank, Fall R i v e r , .................................... $5,000 00
16 shares First National Bank, D a n v e r s ,......................................................
900 00
10 shares Lincoln National Bank, Boston,......................................................
500 00
1,100 00
19 shares Metropolitan National Bank, B oston ,.........................................
Loan on Railroad Bonds : —
$300 New York, New Haven & Hartford R .R . 4s,

.

$300 00

Loan on Railroad Stock : —
9

shares Boston & Albany R . R . , .................................................................... $1,150 00

D eta iled S ta tem en t o f P u b lic F u n d s .

Par Value.

City of Boston, Mass., 4s,
of Haverhill, Mass., 4s,
of Rockford, 111., 4ès,
of Sioux City, Iowa, 6s, .
Town of Mansfield, Mass. (Water
District), 4s, .

$25,000
13,500
29,900
10,000

Estimated
Market Value.

$25,437
14,276
31,843
10,000

50
25
50
00

Amount Invested.

$25,000
13,500
29,900
10,000

00
00
00
00

10,000

10,925 00

10,000 00

$88,400

$92,482 25

$88,400 00

No. of
Shares.

D e ta iled S ta tem en t o f B a n k S tock s.

55
50
106
38
2
20
31
25
27
100
20
25
100
50
110
4
75
100
10

Par Value.

Atlas National Bank, Boston, .
Boston Nat’l Bank, Boston,
Columbian N’l Bank, Boston, .
Eliot National Bank, Boston, .
Faneuil Hall N’l Bank, Boston,
First National Bank, Boston, .
Freeman’s Nat’l Bank, Boston,
Globe National Bank, Boston,
Howard Nat’l Bank, Boston, .
Market National Bank, Boston,
Massachusetts N’l B’k, Boston,
Merchants’ Nat’l B’k, Boston,.
Metropolitan N’l B’k, Boston,.
N’l B'k of Commerce, Boston,
National Bank of the Commonwealth, Boston,
N’l B’k of Redemption, Boston,
National City Bank, Boston, .
National Eagle Bank, Boston,
N’l Hide & Leather B’k, Boston,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Estimated
Market Value.

Amount Invested.

$5,500
5,000
10,600
3,800
200
2,000
3,100
2,500
2,700
10,000
2,000
2,500
10,000
5,000

$5,995
4,962
10,282
4,940
251
3,900
3,100
2,500
2,625
7,700
1,500
3,875
9,100
5,275

00
50
00
00
50
00
00
00
75
00
00
00
00
00

$6,412
5,499
10,989
4,504
270
3,970
3,052
2,502
3,055
9,978
2,011
3,803
10,522
5,911

25
37
00
37
50
00
00
25
50
24
25
25
50
37

11,000
400

15,950
453
375
8,800
1,067

00
00
00
00
50

15,010
501
634
10,814
1,197

00
00
62
75
50

-

10,000
1,000

No. 8 .]

427

S A Y IN G S B A N K COM M ISSION ERS

North End Savings Bank — Continued.

No. of
Shares.

D e ta iled S ta tem en t o f B a n k S to c k s —

Par Value.

$2,200
600
2,100
2,500
10,000
200
2,500
3,700
4,600
2,500
1,200
10,000
1,300
6,000
9,300
1,000

22 National Revere Bank, Boston,
6 National Union Bank, Boston,.
21 Nat’l Webster Bank, Boston, .
25 New England N’l B’k, Boston,
100 North National Bank, Boston,.
2 Old Boston N’l Bank, Boston,.
25 Second National Bank, Boston,
37 Shawmut Nat’l Bank, Boston,.
46 Shoe & Leather N’l B’k, Boston,
25 State National Bank, Boston, .
12 Suffolk National Bank, Boston,
100 Third National Bank, Boston,.
13 Tremont Nat’l Bank, Boston, .
60 First National Bank, Chelsea,.
93 Mass. Loan & Trust Co., Boston,
10 State Street Trust Co., Boston,

Concluded.

Estimated
Market Value.

$2,024
799
2,147
3,800
10,200
220
4,350
4,514
4,692
2,793
1,272
8,925
923
6,000
9,974
1,057

Amount Invested.

$2,840
847
2,125
3,854
12,172
243
4,005
4,517
5,805
2,928
1,424
10,121
1,680
6,767
10,628
1,000

00
50
25
00
00
00
00
00
00
75
00
00
00
00
25
50

68
50
75
50
50
62
50
50
00
00
81
99
13
42
00
00

$147,000 $156,344 50 $171,602 62

D eta iled S ta tem en t o f B a ilr o a d B o n d s .

Par Value.

$12,000
65.000
20.000
30.000
25.000

Concord & Montreal R.R. 4s, .
Fitchburg R.R. 4s, .
Fitchburg R.R. 5s,
Penobscot Shore Line R.R. 4s, .
Upper Coos R.R. 4s, .

Estimated
Market Value.

$13,080
69,700
22,400
31,500
26,125

Amount Invested.

00
00
00
00
00

$12,000
65.000
20.000
30,000
24,750

00
00
00
00
00

$152,000 $162,805 00 $151,750 00

Total A m o u n t o f L o a n s , w ith E a c h S p ecified R a te o f In ter est.

Amount.
$18,500
235,000
46,192
25,000

Kate.
00
00
75
00

1 per cent.
2*
“
4
“

41

“


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Kate.

Amount.
$284,700
2,500
1,215,520
70,000

00
00
00
00

\\ per

4|
5
5i

“
“
“

cent.

Rate.

Amount.

$36,450 00
99,939 96
1,950 00

per cent.
6

7

“

428

R E P O R T O F TH E

[P ub. D oc

North End Savings Bank — Concluded.
Value, by books, of real estate, held or owned by foreclosure or otherwise,
$7,357
Assessed value of the s a m e ,..................................................................................
11,000
Net income received from same during year ending Oct. 31, 1898,
.
.
116
Number of loans which are of an amount not exceeding $3,000 each, 263
Aggregate amount of the same,
.........................................................................
454,609
Total number of loans upon real e s t a t e , ..............................................394
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1898........................................................................
112,156
Times for the dividends fixed by the by-laws : January 1 and July 1.
Rate and amount of each semi-annual dividend $ 2 per cent., $40,940 41 )
^g
during the year ending Oct. 31, 1898,
.
< 2 per cent.,
43,186 22 )
’
Number of accounts opened during the year ending Oct. 31, 1898,
1,253
Number of accounts closed during the year ending Oct. 31, 1898,
. 742
Total number of open accounts Oct. 31, 1898,
.
.
.
.
6,364
Total expenses of the corporation for the year ending Oct. 31, 1898 (ex
elusive of taxes),
..........................................................................................
10,646
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 8 9 8 ,..........................................................................................
760,880
Number of s a m e , ................................................................................. 7,429
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1898............................................................................................................
592,751
Number of s a m e , ................................................................................. 5,900
Date of examination by commissioner: January 28.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

90
00
00
96

70
53

96
77

94

N o. 8 .]

429

S A Y IN G S B A N K COM M ISSION ERS

N O R T H M ID D L E S E X S A V IN G S B A N K — A Y E R .
Incorporated March 11, 1885.

Present number of corporators, 22.

B e n ja m in H . H a r t w e l l , President.
Sa h a h T . T u te n , Treasurer.
D a n ie l W . F l e t c h e r , Clerk o f the Corporation.

Names of committee charged with the investment of its funds:
B e n ja m in H . H a r t w e l l ,
P eter T a r b e l l ,
E d w in L. W h it e ,
L. J. S p a u l d in g ,
Ol iv e r K . P ie r c e .

Open for business every business day except Saturdays, 9 to 11
p . m . ; Saturdays, 9 a . m . to 1 p . m .
B a l a n c e Sh e e t October

A ssets.

Public funds, as per schedule, .
Bank stock, as per schedule,
Loans on bank stock,
Railroad bonds, as per schedule,
Real estate (for banking pur­
poses) ...........................................
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
(notes).........................................
Loans on depositors’ books,
Deposits in banks, on interest, .
Deposits in banks, not on interest,
Expense account,
.
. • .
Premium account,
Local t a x , ....................................
Tax and improvements on real
estate............................................
Cash on hand, .
.
.
.

a .m .

; 12.30 to 3

31,1898.

L ia b il it ie s .

$16,000
19,373
16,850
79,000

75
00
00

25,947
3,800
321,884
124,584

00
00
78
62

18,400
1,446
21,068
716
526
5,000
87

00
00

00

Deposits, .
Guaranty fund,
Interest account,
Undivided earnings,.
Incomplete mortgage
loans, .
Bank liquidation ac­
count, .

$623,042 62
10,200 00

6,058 91
13,723 02
2,559 40
217 45

12

52
18
00
21

510 13
607 09
$655,801 40

$655,801 40

Cash on Deposit in Banks, amount in each: —
First National Bank, Ayer, .
.
Shawmut National Bank, Boston,.

.

.

$18,716 52
3,068 12

Loans on Bank Stock, amount on each: —
10 shares First National Bank, Ayer, .
171 shares First National Bank, Ayer, .
3 shares First National Bank, Ayer, .
18 shares First National Bank, Ayer, .


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$400 00
15,000 00
250 00

1,200 00

430

R E P O R T O F TH E

[Pub. D oc.

North M iddlesex Savings Bank — Continued.
D e ta iled S ta tem en t o f P u b lic F u n d s .

Par Value.

City of Fall River, Mass , 6s, .
of Marlborough, Mass., 4s,
Town of Walpole, Mass., 4s, .
United States 3s,
. . .

$1,000
5.000
5.000
5.000
$16,000

Estimated
Market Value.

$1,000
5,655
5,628
5,262

00
00
30
50

$17,545 80

Amount Invested.

$1,000
5.000
5.000
5.000

00
00
00
00

$16,000 00

No. of
Shares.

D e ta iled S ta tem en t o f B a n k S tock s.

40
6

10
15
10
15
7
20
5
10
20

Par Value.

First National Bank, Ayer,
Blackstone Nat’l B’k, Boston, .
Commercial Nat’l B’k, Boston,
Continental N’l Bank, Boston,
Eliot National Bank, Boston, .
Howard National B’k, Boston,
N’l B’k of No. America, Boston,
N’l Hide & Leather B’k, Boston,
People’s Nat’l Bank, Boston, .
State National Bank, Boston, .
Prescott Nat’l Bank, Lowell, .

$4,000
600
1,000
1,500
1,000
1,500
700
2,000
500
1,000
2,000
$15,800

Estimated
Market Value.

$4,400
468
760
1,800
1,300
1,458
715
2,135
600
1,117
2,520

00
00
00
00
00
75
75
00
00
50
00

$17,275 00

Amount Invested.

$4,247
674
970
1,911
1,355
1,680
883
2,540
840
1,262
3,010

25
00
00
25
00
00
75
00
00
50
00

$19,373 75

D eta iled S ta tem en t o f R a ilr o a d B o n d s .

Par Value.

Boston & Lowell R R. 4 s,.
Boston & Maine R.R. 4£s,.
Boston, Revere Beach & Lynn R.R.
4 £ s , ...........................................
Concord & Montreal R.R. 4s, .
Fitchburg R.R. 4s, .
Fitchburg R.R. 4£s, .
.
.
.
Fitchburg R.R. 5s, .
Maine Central R.R. 7s,
Old Colony R.R. 4s, .


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Estimated
Market Value.

Amount Invested.

$5,000
15,000

$5,662 50
18,900 00

$5,000 00
15,000 00

5,000
8,000
6,000
5,000
24,000
5,000
6,000

5,812
8,740
6,443
5,608
25,875
6,870
6,771

5,000
8,000
6,000
5,000
24,000
5,000
6,000

$79,000

50
00
30
50
00
00
25

$90,683 05

00
00
00
00
00
00
00

$79,000 00

No. 8 .]

431

SA V IN G S B A N K CO M M ISSION ERS.

North M iddlesex Savings Bank — Concluded.
Total A m o u n t o f L o a n s , w ith E a c h S p ecified B a te o f In ter es t.

Kate.

Amount.

$21,068 12
12,000 00

26,900 00

2

4
4h

per cent.
“
“

Amount.

Kate.

Amount.

$249,291 86
48,067 86

5 per cent.
5£
“

$140,529 90
6,375 78

Rate.

6 per cent.
8
“

Amount invested in real estate for banking purposes.......................................
Estimated value of the s a m e , ........................................................................
Assessed value of the s a m e ,...................................................... .........
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 year ending Oct. 31, 1898,
Number of loans which are of an amount not exceeding $3,000 each, 277
Aggregate amount of the same,
........................................................................
Total number of loans upon real e s t a t e , ..............................................253
Amount of investments from which no income is received, .
.
.
.
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1 8 9 8 , ...............................................................
Times for the dividends fixed by the by-laws : January 5 and July 5.
Rate and amount of each semi-annual dividend f 2 per cent., $10,131 86 |
during the year ending Oct. 31, 1898,
.
1 2 per cent.,
11,052 04 1
Number of accounts opened during the yearendingOct. 31, 1898,
. 480
Number of accounts closed during the yearending Oct.31,1898,
. 218
Total number of open accounts Oct. 31, 1898,
.
.
.
.
2,593
Total expenses of the corporation for the year ending Oct. 31, 1898 (ex­
clusive of taxes),
..........................................................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1898...............................................................................................
Number of s a m e , ..........................................................................2,433
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1898............................................................................................................
Number of s a m e , ..........................................................................1,550
Date of examination by commissioner: January 20.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$25,947 00
25,947 00
5,200 00
3,800 00
4,100 00
48 46
276,339 62
1,500 00
29,284 74
21,183 90

1,278 39
172,839 27

111,893 95

[Pub. D oc

R E P O R T O F TH E

432

O R A N G E S A V IN G S B A N K — O R A N G E .

Incorporated March 30, 1871.
John W . W

Present number of corporators, 21.

W a r r e n M. K in g , Treasurer.
W a r r e n M. K in g , Clerk o f the Corporation.

h eeler,

President.

Names of committee charged with the investment of its funds :
F . L. W a t e r s ,
C. A. T o w n e ,

A . W . Ba l l o u ,
W . M . K in g .

Open for business every business day, 9

B a l a n c e Sh e e t O ctober

. to 3

p .m .

31, 1898.

L ia b il it ie s .

A ssets.

Public funds, as per schedule, .
Bank stock, as per schedule,
Loans on bank stock,
Railroad bonds, as per schedule,
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
(notes), ....................................
Deposits in banks, on interest, .
Expense account,
Cash on hand, .
.
.
.

a .m

$63,300 00
40,800 00
3,000 00
88,000 00

7,033 26
635,476 50
111,394 02
44,495
63,464
570
1,095

Deposits, .
Guaranty fund,
Interest account,
Profit and loss ac­
count, .
Bank liquidation ac­
count, .

$986,521 65
32,600 00
2,267 45
37,026 50
214 06

00
37
94
57

$1,058,629 66

$1,058,629 66

Cash on Deposit in Banks, amount in each : —

$ 21,000 00

Merchants’ National Bank, Boston,
Orange National Bank, Orange, .
Pynchon National Bank, Springfield, .
Safety Fund National Bank, Fitchburg,
Springfield National Bank, Springfield,

17,464 37
10,000 00
5,000 00
10,000 00

Loans on Bank Stock, amount on each: —
30 shares Home National Bank, Holyoke,
5 shares Orange National Bank, Orange,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

.
.

$2,500 00
500 00

No. 8 .]

SA Y IN G S B A N K COM M ISSIONERS

433

Orange Savings Bank— Continued.
D eta iled S ta tem en t o f P u b lic F u n d s .

Par Value.

City of Gardiner, Me., 4s,
of Malden, Mass., 4s,
of Manchester, N. H., 4s, .
of Meriden, Conn., 4s,
of Newton, Mass., 4s,
of Rockford, 111., 4£s,
Town of Laconia, N. H., 4s,
of Leominster, Mass., 4s,
of Melrose, Mass., 4s,
of Orange, Mass., 4s,
of Plainfield, Conn , 4s, .

$6,000
5,000
15,000
5,000
5,000
5,000
1,000
7,300
5,000
6,000
3,000
$63,300

Estimated
Market Value.

$6,120
5,400
15,750
5,250
5,500
5,450
1,070
7,519
5,300
6,022
3,180

00
00
00
00
00
00
00
00
00
00
00

$66,561 00

Amount Invested.

$6,000
5,000
15,000
5,000
5,000
5,000
1,000
7,300
5,000
6,000
3,000

00
00
00
00
00
00
00
00
00
00
00

$63,300 00

D eta iled Sta tem en t o f B a n k Stock s.

<Ow»a)
.

6
15
5
3
65
4
20
20
11
5
16
10
15
10
39
43
100
10
10
3

Estimated
Market Value.

Miller’s River N’l B’k, Athol,.
Atlas National Bank, Boston, .
Boylston Nat’l Bank, Boston, .
Central Nat’l Bank, Boston, .
Eliot National Bank, Boston, .
Everett National Bank, Boston,
First Ward N’l Bank, Boston,.
Manufacturers’ N’l B’k, Boston,
N’l B’k of No. America, Boston,
N’l Hide & Leather B’k, Boston,
Nat’l Webster Bank, Boston, .
North National Bank, Boston,
Tremont Nat’l Bank, Boston, .
First National Bank, Chelsea,
First National Bank, Gardner,
Franklin County Nat’l Bank,
Greenfield, .
.
.
.
Orange Nat’l Bank, Orange, .
First Nat’l Bank, Springfield, .
Third Nat’l Bank, Springfield,
Union Market National Bank,
Watertown, .
.
.
.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$600
1,500
500
300
6,500
200
2,000
2,000
1,100
500
1,600
1,000
1,500
1,000
3,900

$1,050
1,635
605
357
8,450
160
2,600
2,000
1,124
533
1,636
1,020
1,065
1,000
4,290

00
00
00
00
00
00
00
00
75
75
00
00
00
00
00

$600
1,500
500
300
6,500
200
2,000
2,000
1,100
500
1,600
1,000
1,500
1,000
3,900

00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

4,300
10,000
1,000
1,000

4,386
15,500
1,120
2,200

00
00
00
00

4,300
10,000
1,000
1,000

00
00
00
00

300

375 00

300 00

$40,800

$51,107 50

$40,800 00

434

R E P O R T O F TH E

[Pub. Doc.

Orange Savings Bank — Concluded.
D eta iled Sta tem en t o f R a ilr o a d B o n d s.

Par Value.

Boston & Albany R.R. 4s,
Boston & Lowell R.R. 4s,
Boston & Maine R.R. 4£s,.
Boston, Revere Beach & Lynn R.R.
4 < | s , ...........................................
Fitchburg R.R. 4s, .
Fitchburg R.R. 5s, .
Old Colonjr R.R. 4s, .
Old Colony R.R. 4£s,

$10,000
15,000
10,000
10,000
9,000
21,000
12,000
1,000
$88,000

Estimated
Market Value.

$10,600 00
15,800 00
12,200 00
11,500
9,100
21,510
12,960
1,050

00
00
00
00
00

$94,720 00

Amount Invested.

$10,000 00
15,000 00
10,000 00
10,000
9,000
21,000
12,000
1,000

00
00
00
00
00

$88,000 00

Total A m o u n t o f L o a n s , w ith E a c h S p ecified R a te o f In ter est.

Kate.

Amount.

$38,464 37
5,000 00

2

3

10,000 00

per cent.
<<

a

Amount.

$103,454 00
13,500 00
6,500 00

Kate.

4 per cent.
“
“

4|

Amount.

$628,516 50
23,080 00
29,315 02

Rate.

5 per cent.
“

5è
6

Value, by books, of real estate, held or owned by foreclosure or otherwise,
$7,033 26
Assessed value of the s a m e ,.................................................................................
6,075 00
Net income received from same during year ending Oct. 31, 1898,
.
.
327 52
Number of loans which are of an amount not exceeding $3,000 each, 294
Aggregate amount of the s a m e , .................................... %
.
.
.
296,610 12
Total number of loans upon real e s t a t e , ............................................. 295
Gross amount of interest or profits received or earned, as per books,
during year ending Oct. 31, 1 8 9 8 , ...............................................................
48,688 92
Times for the dividends fixed by the by-laws : February 1 and August 1.
Rate and amount of each semi-annual dividend f 2 per cent., $18,049 31 | gg g^g g^
during the year ending Oct. 31, 1898,
.
1 2 per cent.,
18,597 30 1
Number of accounts opened during the year ending Oct. 31, 1898,
. 434
Number of accounts closed during the year ending Oct. 31, 1898,
. 310
Total number of open accounts Oct. 31, 1898,
.
.
.
.
3,718
Total expenses of the corporation for the year ending Oct. 31, 1898 (ex­
clusive of taxes), ...................................................................................................
2,882 76
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1898...............................................................................................
150,132 24
Number of same,
............................................. 2,385
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1898............................................................................................................
135,496 05
Number of s a m e , .................................................................................2,210
Date of examination by commissioner : March 28.


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Federal Reserve Bank of St. Louis

No. 8 .]

S A Y IN G S B A N K COM M ISSION ERS.

435

V

P A L M E R S A V IN G S B A N K — P A LM E R .

Incorporated March 4, 1870.
C. H . H obbs , President.
W

il l ia m

Present number of corporators, 59.

H . W . M cG r e g o r y , Treasurer.
W . L e a c h , Clerk o f the Corporation.

Names of committee charged with the investment of its funds :
Jam es B. S h a w ,
E . G. H astin g s ,
H e n r y G. L oomis ,
C. H . H obbs ,
W m . H olbrook .

Open for business every business day except Saturdays, 9 a . m . to 3 p . m . ; Saturdays,
9 a . m . to 12 m . ; also Fridays, 7.30 to 9 p . m .

B a l a n c e Sh e e t O c to b er

A ssets.

Public funds, as per schedule, .
Bank stock, as per schedule,
Loans on bank stock,
Railroad bonds, as per schedule,
Loans on railroad stock, .
Boston Terminal Co. bonds,
Real estate (for banking pur­
poses) ..........................................
Real estate by foreclosure,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
( n o t e s ) ,....................................
Loans on depositors’ books,
Deposits in banks, on interest, .
Expense account,
Cash on hand, .
.
.
.

31, 1898.

L ia b il it ie s .

$115,000
37,780
1,879
127,000
400
50.000

00
00
00
00
00

14.000
2,462
708,948
194,187

00
44
00
00

00

Deposits, .
Guaranty fund,
Interest account,
Profit and loss ac­
count, .
R e a l estate income
account,
Income on real estate
acquired,

$1,233,449 94
49,000 00
3,955 61
11,737 78
926 26
184 48

2,500 00
1,000 00

33,693 04
1,129 26
9,275 33
$1,299,254 07

$1,299,254 07

Cash on Deposit in Banks, amount in each : —
Palmer National Bank, P a lm e r ,........................................................................ $9,320 17
6,527 26
City National Bank, Springfield............................................................................
Springfield National Bank, S p r i n g f i e l d ,...................................................... 10,216 62
Springfield Safe Deposit and Trust Company, Springfield..............................
7,628 99


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

436

R E PO R T O F TH E

[Pub. D oc

Palmer Savings Bank — Continued.
Loans on Bank Stock, amount on each : —
1 share Palmer National Bank, P a l m e r ,................................
3 shares Palmer National Bank, P a l m e r ,................................
5 shares Palmer National Bank, P a lm e r ,................................
10 shares Palmer National Bank, P a l m e r ,....................................

$79 00
300 00
500 00
1,000 00

Loan on Railroad Stock : —
10 shares Boston & Albany R . R . , ...............................................................

$400 00

D eta iled S ta tem en t o f P u b lic F u n d s .

Par Value.

City of Altoona, Pa., 4s, .
of Kansas City, Mo., 4^s, .
of Lowell, Mass., 4s,
of Malden, Mass., 4s,
of Peoria, 111., 4^s, .
of Providence, R. L, 4s, .
of Rockford, 111, 4£s,
of Waterbury, Conn., 4s, .
Town of Monson, Mass , 4s,
County of Aroostook, Me., 4£s,
County of Washington, Me., 4s,

Estimated
Market Value.

$5,000
30,000
11,000
10,000
3,000
15,000
5,000
10,000
10,000
5,000
11,000

$5,400
33,900
12,485
10,500
3,240
17,325
5,325
10,850
10,732
5,400
11,467

00
00
00
00
00
00
00
00
50
00
50

Amount Invested.

$5,000 00
30,000 00
11,000. 00
10,000 00
3,000 00
15,000 00
5,000 00
10,000 00
10,000 00
5,000 00*
11,000 00*

$115,000 $126,625 00 $115,000 00
* Legal investments when made.

D eta iled Sta tem en t o f B a n k Stocks.

8O- Q
03
>
Par Value.

^ E
n

50
23
10
25
13
10
33
116
51
50
7

Eliot National Bank, Boston, .
N’l B’k of Commerce, Boston,
N ’1 R’k of No. America, Boston,
State National Bank, Boston, .
Suffolk National Bank, Boston,
Brockton Nat’l Bank, Brockton,
Monson Nat’l Bank, Monson, .
Palmer Nat’l Bank, Palmer, .
Agawam N’l B’k, Springfield,
Chapin N’i Bank, Spi’ingfield,
Ware National Bank, Ware, .


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$5,000
2,300
1,000
2,500
1,300
1,000
3,300
11,600
5,100
5,000
700
$38,800

Estimated
Market Value.

$6,500
2,426
1,022
2,793
1,378
1,200
4,950
16,820
2,805
6,250
735

00
50
50
75
00
00
00
00
00
00
00

$46,880 75

Amount Invested.

$5,000
2,300
1,000
2,500
1,300
1,000
3,300
11,600
4,080
5,000
700

00
00
00
00
00
00
00
00
00
00
00

$37,780 00

No. 8 .]

437

SA Y IN G S B A N K COM M ISSION ERS

Palmer Savings Bank — Continued.
D eta iled S ta tem en t o f B a ilr o a d B o n d s.

Par Value.

Boston & Maine R.R. 4s, .
Boston & Maine R.R. 44s,
Boston, Revere Beach & Lynn R.R.
4 4 s , ...........................................
Concord & Montreal R.R. 4s, .
Fitchburg R R. 44s, .
.
.
.
Fitchburg R.R. 5s, .
Grafton & Upton R R. 4s,
Maine Central R.R. 7s,
Rumford Falls & Rangeley Lakes
R.R. 5 s ,...........................................
Upper Coos R.R. 44s, . . . .

$20,000
15,000

Estimated
Market Value.

Amount Invested.

$20,550 00
18,600 00

$20,000 00
15,000 00

20,000
10,000
10,000
10,000
10,000
2,000

22,900
10,825
11,075
11,125
10,100
2,720

00
00
00
00
00
00

25,000
5,000

29,125 00
5,612 50

20,000
10,000
10,000
10,000
10,000
2,000

00
00
00
00
00
00

25,000 00
5,000 00

$127,000 $142,632 50 $127,000 00

Total A m o u n t o f L o a n s, w ith E a c h S p ecified B ate o f In terest.

Amount.

$9,320 17
6,527 26
17,845 61

Kate.

2

per cent.

3
4

“

Rate.

Amount.

Kate.

4£ per cent.
5

$167,284 00
745 00

6 per cent.
64
“

Amount.

$2,500 00
634,991 00
103,394 00

54

«

$14,000 00
Amount invested in real estate for banking purposes,....................................
14,000 00
Estimated value of the same,.................................................................................
10,800 00
Assessed value of the s a m e ,.................................................................................
Net income received from same during year ending Oct. 31, 1898,
477 62
Value, by books, of other real estate, held or owned by foreclosure or
2,462 44
o th e r w ise ,............................................................................................................
2,500 00
Assessed value of the s a m e ,.................................................................................
91 43
Net income received from same during year ending Oct. 31, 1898,
Number of loans which are'of an amount not exceeding $3,000 each, 426
463,986 00
Aggregate amount of the s a m e , ........................................................................
Total number of loans upon real e s t a t e , ............................................. 385
4,080 00
Amount of investments from which no income is received, .
.
.
.
Gross amount of interest or profits received or earned, as per books,
58,699 60
during year ending Oct. 31, 1 8 9 8 , ...............................................................
Times for the dividends fixed by the by-laws: January 1 and July 1.
Rate and amount of each semi-annual dividend f 2£ per cent., $23,054 57 1 46,976 53
during the year ending Oct. 31, 1898,
.
. 1 2£ per cent., 23,921 96 J
Number of accounts opened during the year ending Oct. 31, 1898,
. 570
Number of accounts closed during the year ending Oct. 31, 1898,
. 405
Total number of open accounts Oct. 31, 1898,
.
.
.
.
3,244


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

438

R E P O R T O F TH E

[Pub. D oc.

Palmer Savings Bank — Concluded.
Total expenses of the corporation for the year ending Oct. 31, 1898 (ex­
clusive of taxes).....................................................................................................$3,414 96
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 8 9 8 ,..........................................................................................
248,668 60
Number of same...................................................................................... 2,405
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1898............................................................................................................
178,769 91
Number of same.......................................................................................1,773
Date of examination by commissioner : July 14.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

No. 8 .]

439

SA Y IN G S B A N K CO M M ISSION ERS.

P E N T U C K E T S A V IN G S B A N K — H A V E R H IL L .
Incorporated March 17, 1891.

Present number of corporators, 17-

G eorge H. C ar let o n , President.
C h ar le s S. T itco m b , Treasurer.
C har les S. T itcom b , Clerk o f the Corporation.

Names of committee charged with the investment of its funds :
G eorge H . C a r let o n ,

T homas L a h e y ,

J ohn A. G a l e ,

C. H. H a y e s ,
O l iv e r T a y l o r .

Open for business every business day except Saturdays, 9 a . m . to 12.30
2 to 3.30 p .m . ; Saturdays, 9 a .m . to 12.30 p . m .

;

31, 1898.

B a l a n c e Sh e e t O c to b er

L ia b il it ie s .

A ssets.

Public funds, as per schedule, .
Bank stock, as per schedule,
Loans on bank stock,.
Railroad bonds, as per schedule,
Loans on railroad stock, .
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,
Premium account,
Profit and loss account,
Cash on hand, .
.
.
.

p .m .

$485,578 15
4,070 00
2,063 77

Deposits, .
Guaranty fund,
Interest account,

$16,600 00
8,000 00

9,500 00
23,425 00
1,200 00

227,773 36
138,500 00
7,000 00

34,092
17,226
419
2,352
180
5,441

46
86

77
64
63
20
$491,711 92

$491,711 92

Cash on Deposit in Banks, amount in each: —
$24,045 29
17,226 86
10,047 17

Beacon Trust Company, Boston, .
.
.
. • .
Second National Bank, Haverhill,
.
.
.
.
Haverhill Safe Deposit and Trust Company, Haverhill,
Loans on Bank Stock, amount on each : —

$

10 shares Second National Bank, Haverhill,
35 shares Second National Bank, Haverhill,
25 shares Beacon Trust Company, Boston, .
40 shares Beacon Trust Company, Boston, .

1,000 00

3,500 00
2,000 00

3,000 00

Loan on Railroad Stock : —
18

shares Boston & Maine R .R .,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

.

.

.

.

.

.

.

.

.

$1,200 00

[Pub. D oc

R E P O R T O F TH E

440

Pentucket Savings Bank — Continued.
D eta iled S ta tem en t o f P u b lic F u n d s .

Par Value.

City of Brockton, Mass., 4s.,
of Grand Rapids, Mich., 4£s,
of Meriden, Conn , 4s,
of New Britain, Conn., 4s,
of Oshkosh, Wis., 4£s,
of Taunton, Mass., 4s,

.

$1,600
2,000
3,000
5,000
4,000
1,000
$16,600

Estimated
Market Value.

$1,716
2,270
3,045
5,350
4,132
1,067

00
00
00
00
50
50

$17,581 00

Amount Invested.

$1,600
2,000
3,000
5,000
4,000
1,000

00
00
00
00
00
00

$16,600 00

ISTo. of
Shares.

D eta iled S ta tem en t o f B a n k Stock s.

10
25
30
10
10

Par Value.

Everett Nat’l Bank, Boston, .
N’l B’k of the Republic, Boston,
Shoe & Leather N’l B’k, Boston,
State National Bank, Boston, .
First National Bank, Chelsea,.

$500
2,500
3,000
1,000
1,000
$8,000

Estimated
Market Value.

Amount Invested.

$400
3,581
3,060
1,117
1,000

$500
2,500
3,000
1,000
1,000

00
25
00
50
00

$9,158 75

00
00
00
00
00

$8,000 00

D eta iled S ta tem en 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. 4s, .
Boston & Maine R.R. 4£s,
Fitchburg R.R. 4s, .
Fitchburg R.R. 5s, .
Maine Central R.R. 4<|s, .
Upper Coos R.R. 4s, .
Worcester, Nashua & Roch. R.R. 4s,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$3,000
2,000
4.000
5.000
2.000
500
3.000
4.000
$23,500

Estimated
Market Value.

$3,360
2,225
4,940
5,362
2,010
547
3,120
4,300

00
00
00
50
00
50
00
00

$25,865 00

Amount Invested.

$3,000
2,000
4.000
5.000
2.000
500
2,925
4,000

00
00
00
00
00
00
00
00

$23,425 00

No. 8 .]

441

SA V IN G S B A N K CO M M ISSION ERS.

Pentucket Savings Bank — Concluded.
T otal A m o u n t o f L o a n s , w ith E a c h S p ecified B a te o f In ter es t.

Rate.

Amount.

$24,045 29
10,047 17
74,000 00

2 J per cent.

3
4

“
“

Rate.

Amount.

Rate.

4i per cent.

$160,543 36
49,500 00
15,230 00

5 per cent.
5£
“
6
“

Amount.

$18,000 00
45,700 00
21,000 00

41
4|

“
“

Number of loans which are of an amount not exceeding $3,000 each,. 102
Aggregate amount of the s a m e , ........................................................................ $144,273 36
Total number of loans upon real e s t a t e , ............................................. 110
Gross amount of interest or profits received or earned, as per books,
19,401 91
during year ending Oct. 31, 1 8 9 8 , ...............................................................
Times for the dividends fixed by the by-laws : first Wednesday in February
and August.
Rate and amount ofeach semi-annual dividend j 2 per cent.,
$7,443 99 j
15,912 99
during the year ending Oct. 31, 1898,.
.
1 2 per cent.,
8,469 00 i
Number of accounts opened during the year ending Oct. 31, 1898, . 392
Number of accounts closed during the year ending Oct. 31, 1898,
. 198
Total number of open accounts Oct. 31, 1898,
.
.
.
.
1,268
Total expenses of the corporation for the year ending Oct. 31, 1898 (ex­
1,508til
clusive of taxes),
..........................................................................................
' Amount of deposits, not including dividends, received during the year
162,185 95
ending Oct. 31, 1898, ..........................................................................................
Number of s a m e , ...........................................................................................1,516
Amount of withdrawals, including dividends, during the year ending
82,623 03
Oct. 31, 1 8 9 8 , ...................................................................................................
Number of s a m e , ...........................................................................................1,109
Date of examination by commissioner: February 10.


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Federal Reserve Bank of St. Louis

442

R E P O R T O F TH E

[Pub. D oc

P E O P LE’S S A V IN G S B A N K — BROCKTON.

Incorporated Feb. 8 , 1895.
W

il l ia m

Present number of corporators, 44.

L. D o uglas , President.
A. T. Jo nes , Treasurer.
John S. K e n t , Clerk o f the Corporation.

Names of committee charged with the investment of its funds :
W il l ia m L . D ouglas ,
E dw ard B. M ellen,
F red P. R ic h m o n d ,
E m ery M . Low,
F ran cis B . G a r d n e r .

Open for business every business day except Saturdays, 9
days, 9 a . m . to 12 M.

B a l a n c e Sh e e t O c t o b er

A ssets.

Public funds, as per schedule, .
Bank stock, as per schedule,
Railroad bonds, as per schedule,
Loans on real estate, .
Loans on personal security,
Loans to counties, cities or towns
( n o t e s ) ,....................................
Deposits in banks, on interest, .
Expense account,
Premium account,
Cash on hand, .
.
.
.

a .m .

to 2

p .m .

: Satur­

31, 1898.

L ia b il it ie s .

$ 20,000
5,000
79,500
218,125
29,700

00
00
00
00

4,200
14,473
1,013
6,689
1,016

00
04
61
64
17

00

$379,717 46

Deposits, .
Guaranty fund,
Interest account,

$376,287 47
1,743 81
1,686 18

$379,717 46

Cash on Deposit in Banks, amount in each: —
Brockton National Bank, B r o c k to n ,............................................................... $1,130 55
Home National Bank, B r o c k t o n , ...............................................................
5,842 49
Plymouth County Safe Deposit and Trust Company, Brockton,
.
.
7,500 00


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

No. 8 .]

443

SA V IN G S B A N K COM M ISSION ERS
People’s Savings Bank, B rockton — Continued.
D eta iled S ta tem en t o f P u b lic F u n d s .

Par Value.

City of Brockton, Mass., 4s,
of Canton, Ohio, 5s, .
of Chicago, 111., 7s, .
of New Britain, Conn., 4s,
Town of Stoughton, Mass., 4 s,.
United States 3s,
. . .

Estimated
Market Value.

$10,000
2,000
1,000
4.000
2.000
1,000

$11,070
2,020
1,025
4,460
2,140
1,055

00
00
00
00
00
00

$20,000

$21,770 00

Amount Invested.

$10,000
2,000
1,000
4.000
2.000
1,000

00
00
00
00
00
00

$20,000 00

Ko. of
Shares.

D eta iled Sta tem en t o f B a n k Stock s.

30
10
10

Massachusetts Loan and Trust
Co., Boston, .
.
.
.
Plymouth County Safe Deposit
& Trust Company, Brockton,
Brockton N’l Bank, Brockton,

Par Value.

Estimated
Market Value.

$3,000

$3,210 00

$3,000 00

1,000
1,000

1,000 00
1,200 00

1,000 00
1,000 00

$5,000

$5,410 00

$5,000 00

Amount Invested.

D eta iled S ta tem en t o f R a ilr o a d B o n d s.

Par Value.

Boston & Maine R.R. 4s, .
Boston, Winthrop & Shore RR. 5s,
Dexter & Newport R R. 4s,
Dexter & Piscataquis R.R. 4s, .
Fitchburg R.R. 4s, .
Maine Central R.R. 4s,
Maine Central R.R. 5s,
Old Colony R.R. 4s, .
Old Colony R R. 4£s,
New York, New Haven & Hartford
R.R. 4 s ,...........................................
Penobscot Shore Line R.R. 4s, .
Portland & Rumford Falls R.R. 4s, .
Rumford Falls & Rangeley Lakes
R.R 5 s ,...........................................
St. Johnsbury & Lake Champlain
R.R, 5 s ,...........................................


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Federal Reserve Bank of St. Louis

Estimated
Market Value.

00
00
00
00
00
00
50
00
00

Amount Invested.

$4,000
2,000
7,000
5,000
15,000
2,000
2,500
2,000
1,000

00
00
00
00
00
00
00
00
00

$4,000
2,000
7,000
5,000
15,000
2,000
2,500
2,000
1,000

$4,500
2,160
7,350
5,300
15,910
2,110
2,887
2,240
1,075

5,000
12,000
5,000

5,675 00
12,600 00
5,250 00

5,000 00
12,000 00
5,000 00

12,000

14,040 00

12,000 00

5,000

6,450 00

5,000 00

$79,500

$87,547 50

$79,500 00

[Pub. D oc.

R E P O R T O F TH E

444

People’s Savings Bank, Brockton — Concluded.
T otal A m o u n t o f L o a n s , w ith E a c h S p ecified R a te o f In ter es t.

Rate.

Amount.

$6,973 04
7,500 00

2 per cent.

3

“

Amount.

$4,200 00
89,400 00

Rate.

4 per cent.
5
“

Rate.

Amount.

$21,500 00
136,925 00

5.J per cent.
6

Number of loans which are of an amount not exceeding $3,000 each, 127
Aggregate amount of the same............................................................................... $159,325
Total number of loans upon real e s t a t e , ............................................. 132
Gross amount of interest or profits received or earned, as per books,
16,563
during year ending Oct. 31, 1 8 9 8 , ...............................................................
Times for the dividends fixed by the by-laws: March 1 and September 1.
Rate and amount of each semi-annual dividend f 2 per cent., $5,047 59 1
11,200
during the year ending Oct. 31, 1898,
.
t 2 per cent.,
6,153 29 )
Number of accounts opened during the year ending Oct.31, 1898,
. 746
Number of accounts closed during the year ending Oct. 31, 1898,
. 347
Total number of open accounts Oct. 31, 1898,
.
.
.
.
1,793
Total expenses of the corporation for the year ending Oct. 31, 1898 (ex­
2,067
clusive of taxes),
..........................................................................................
Amount of deposits, not including dividends, received during the year
ending Oct. 31, 1 8 9 8 ,..........................................................................................
Number of s a m e ,.........................................................................3,430
Amount of withdrawals, including dividends, during the year ending
Oct. 31, 1898............................................................................................................
Number of same.............................................................................. 2,123
Date of examination by commissioner: November 2.


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Federal Reserve Bank of St. Louis

00

38
88

64

222,969 87

126,995 42

No. 8 .]

SA Y IN G S B A N K CO M M ISSION ERS.

445

PE O P LE’S S A V IN G S B A N K — H O LY O K E .

Incorporated March 19, 1885.
W

il l ia m

Present number of corporators, 40.

S k in n e r , President.
F . H . C h a m b e r l in , Treasurer.
A. L. G r e e n , Clerk o f the Corporation.

Names of committee charged with the investment of its funds:
W

il l ia m

S k in n e r ,

John T il l e y ,
J. A . S u l l iv a n ,

E. P. C l a r k ,
J. N. H u b b a r d .

Open for business every business day except Saturdays, 9 a .m . to 4
9 a . m . to 12 m . ; also Thursdays, 7 to 8 p . m .

B a l a n c e Sh e e t O cto ber

p .m .

; Saturdays,

31,1898.

1
L ia b il it ie s .

A ssets.

Public funds, as per schedule, .
Bank stock, as per schedule,
Loans on bank stock,
Railroad bonds, as per schedule,
Loans on real estate, .
Loans on personal security,
Deposits in banks, on interest, .
Furniture and fixtures,
Cash on hand................................

$25,000
12,563
30,600
25,000
481,059
140,138
45,741
900
3,724

00
00
00
00
00
50
78
00
05

$764,726 33

Deposits, .
Guaranty fund,
Interest account,
Profit and loss ac­
count, .

$725,660 07
19,000 00
7,263 51
12,802 75

$764,726 33

Cash on Deposit in Banks, amount in each : —
City National Bank, Holyoke................................................................................ $ 10,000 00
Home National Bank, Holyoke.............................................................................
35,741 78
Loans on Bank Stock, amount on each: —
10 shares Home National Bank, H o ly o k e ,..................................................................$700
20 shares Home National Bank, H o ly o k e ,..................................................
1,000
11 shares Home National Bank, H o ly o k e ,......................................................
800
10 shares Home National Bank, Holyoke...........................................................
900
57 shares Home National Bank, H o ly o k e ,......................................................
5,000
10 shares Home National Bank, H o ly o k e ,......................................................
900


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Federal Reserve Bank of St. Louis

00
00
00
00
00
00

[Pub. D oc

R E P O R T O F TH E

446

People’s Savings Bank, Holyoke — Continued.

24
5
65

shares Home National Bank, Holyoke, .
shares Agawam National Bank, Springfield, .
shares First National Bank, Springfield, .
shares First National Bank, Springfield, .
shares Chicopee National Bank, Springfield, .
shares Home National Bank, Holyoke, .
shares Franklin County National Bank, Greenfield,
shares City National Bank, Holyoke,
shares