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The Cambridge of eighteen hundred and ninety-six: a picture of the city and its industries fifty years after its incorporation (ed. Arthur Gilman), Financial and manufacturing. (search)
, until Seymour B. Snow was elected in August, 1864. Mr. Snow held the position just twenty years. He resigned in 1884, when Mr. Will F. Roaf, the present cashier, was promoted to the position. The report of the bank at the close of business February 28, 1896, showed a surplus fund and divided profits of $41,307, and deposits amounting to $171,919. Middlesex Bank Middlesex Bank was chartered in 1832, and was located in East Cambridge. William Parmenter was elected president, and William Whitney cashier. The bank, after a short existence, was obliged to wind up its affairs; it redeemed its circulation, paid its depositors in full, and forty-two per cent. of its capital to its stockholders. Lechmere Bank In 1853 the Lechmere Bank was chartered with a capital of $100,000. Its first board of directors consisted of Lewis Hall, K. S. Chaffee, Samuel Slocomb, Francis Draper, and Amory Houghton. Lewis Hall was elected president, and John Savage, Jr., cashier. Mr. Hall still h