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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)
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 similar offers, that with your permission he will hold your offer in reserve for such future emergencies as may arise. Very truly yours, Henry K. Oliver, Treasurer and Receiver General. The bank paid its first dividend October 1, 1861. On December 30 of the same year, in common with all banks in Boston and vicinity, this bank suspended specie payment. April 28, 1864, articles of association as First National Bank of Cambridge were adopted, and the bank fully organized as a national bank May 16, 1864. On May 24 it was appointed a depository and financial agent of the United States, and began business under this new organization Ju