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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) 4 0 Browse Search
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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)
y White. President White resigned in June, 1894, on account of absence in Europe, and Joseph B. Russell was elected in his place, and Alvin F. Sortwell was elected vice-president. The changes in board of directors have been as follows: William J. Underwood in place of J. M. W. Hall, resigned; J. H. Hubbard in place of O. H. Durrell, resigned; H. O. Underwood in place of William J. Underwood, resigned; and William E. Russell and Herbert H. White added to the number. The total deposits now William J. Underwood, resigned; and William E. Russell and Herbert H. White added to the number. The total deposits now average over half a million of dollars. Semi-annual dividends have been paid since 1894, and a surplus of over $15,000 accumulated. The silver vaults and safety boxes in charge of Franklin Perrin, manager, are a feature of the institution, and are a great convenience to the citizens of Cambridge, as is indicated by their increased patronage. In its three years existence, the deposits have shown a steady and natural increase, and that, too, without drawing from the excellent national banks.