The Cambridge of eighteen hundred and ninety-six: a picture of the city and its industries fifty years after its incorporation
Arthur Gilman, Ed.

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[304] board of directors now living. Edward Richardson was elected cashier. The bank began business in the building then known as the Cambridge Athenaeum, now occupied by the Prospect Union. In 1865 the bank was reorganized as a national bank, and in 1885 its charter was extended. The bank was afterward moved to the building on the corner of Main and Norfolk streets, and a few years ago again moved to the present location, Massachusetts Avenue and Inman Street. The bank has had four presidents since its organization: Samuel P. Heywood, John Livermore, George T. Gale, and Edwin Dresser; two cashiers, Edward Richardson and Henry B. Davis. The present board of directors is composed of Edwin Dresser, Frank A. Kennedy, George W. Gale, James W. Hazen, and Henry B. Davis. The capital of the bank is $100,000. Surplus fund and undivided profits at close of business, February 28, 1896, were $82,950, with deposits of $299,390.

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Charles River Bank

Charles River Bank.—The first meeting for the purpose of organization was held March 13, 1832, in the office of Levi Farwell, at which meeting Mr. Farwell acted as chairman, with C. C. Little as secretary. The first board of directors chosen was Levi Farwell, J. Coolidge, C. C. Little, J. Brown, A. Stearns, William Brown, William Watriss, and Robert Fuller. On March 30, 1832, a committee consisting of Levi Farwell and C. C. Little made a report recommending John B. Dana as cashier, with a salary of $900 per annum. The committee also reported that it had agreed to take rooms in the building now occupied by the Charles River National Bank, and owned by Harvard University, for a rent of $150 per year. Mr. Dana accepted the position as cashier May 21, 1832.

In 1864 the bank was reorganized as the Charles River National Bank, and has an average deposit of $600,000, with a business through the Boston Clearing House exceeding annually $1,200,000.

The presidents of the institution have been Levi Farwell, elected March 20, 1832, died in 1844; Charles C. Little, elected 1844, died in 1869; Samuel B. Rindge, elected 1869, died in 1883; David B. Flint, elected 1883, resigned in 1887; Charles E. Raymond, elected 1887, resigned 1889. Walter S. Swan, now its president, was elected in 1889. Mr. Dana, its first