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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) 2 0 Browse Search
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ars until 1850, by successive assessments, when new methods were adopted, and it gradually became stronger until the Boston fire of 1872 reduced its assets to about $50,000, with nearly $5,000,000 at risk. During this time the company had long been under the presidency of the late Josiah W. Cook, with H. M. Chamberlain, Abram Lansing, Henry Thayer, and J. A. Smith as secretaries. In 1873 a change was made; Mr. Cook becoming aged and feeble, the management was placed in the hands of Alfred L. Barbour as secretary,—a Cambridge young man who had been educated in the public schools of our city, and who with an able board of directors has managed it ever since. Upon the death of Mr. Cook, Dana W. Hyde was elected president, and the company has increased its assets from $50,000 to nearly $240,000, owning its present fine building next to the city hall, and about $150,000 invested in good securities. The company stands now among the best of the mutuals of the State. Water is supplie