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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)
event occurred on the 22d of April, immediately after the breaking out of the war; at a meeting of the directors the following vote was passed: In consideration of the present exigencies in public affairs, the president of this bank is authorized and requested to tender a loan of $50,000 to the Commonwealth of Massachusetts. This tender was made, and the following reply was received from his Excellency Governor Andrew:— Commonwealth of Massachusetts, Treasurer's Office, Boston, April 24, 1861. Benjamin Tilton, Esq., President Harvard Bank. Dear Sir,—Your communication of the 22d inst. containing the offer of your bank of a loan of $50,000 has been placed in my hands by his Excellency Governor Andrew for reply. He desires me to express to your board of directors his sincere gratitude for the intelligent patriotism which has prompted your liberality. No immediate necessity existing for its instant acceptance, I am directed to say, as has already been done in the case of