Browsing named entities in The Cambridge of eighteen hundred and ninety-six: a picture of the city and its industries fifty years after its incorporation (ed. Arthur Gilman). You can also browse the collection for May 22nd or search for May 22nd in all documents.

Your search returned 1 result in 1 document section:

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)
was made. It has remained at this figure ever since, although there were attempts made to raise the capital to $150,000 in 1853, and to $200,000 in 1854. The board of directors held its first meeting March 27, at the house of Dr. Chaplin (corner of Austin and Inman streets). Dr. Chaplin was elected the first president of the bank. Martin Lane was elected cashier, and Luke Hemenway's store was purchased for the bank's quarters. The cashier was ordered to report for duty Monday morning, May 22, but it is probable that the bank did not begin business until the following Monday, the 29th. It is said that it opened for business simultaneously with the inauguration of hourly coaches between Cambridge and Boston. The bank occupied Mr. Hemenway's store until it bought the brick building numbered 689 Main Street, where it had its rooms on the second floor. The bank remained there until 1870, when the brick building, which it now owns and occupies, was erected. The young institutio