New Britain Herald Newspaper, April 17, 1915, Page 10

NATIONAL BANK SRR of Pioscer Batking In- Redecmed This Week. “ARE VERY INTERESTING "es Opened, in Rooms Now pied by G. A. R.—Darius Mil- ‘Livlng Original Director— ¥Erwin First Presldent. years ago the New Britain I Bank was changed from a P a national institution, the ex- ite of the trapsfer being. April 5. B officers were last week remind- ithe passage of half a century ational bank by the presenta- Pr redemption by the New York, aven & Hartford Railway com- & one-dollar note ued by Britain bank on January 1, The note was redeemed and nce been framed, It was today Lin the window of the bank as 0 and is valued by the officers of the sentiment connected note is still in good preservation fvidently has lain in the coffers pe institution for a long time. . face of the note are the en- s of a dog, a blacksmith, and hive, and it contains the sig- 8§ of A. P. Collins, cashier, and Erwin, president. Mr, Erwin lored. as one of the few of New 's wealthy men who left some fortune for the founding of dnstitutions in the city. ' ©. B. Erwin's Methods. redemption of the old note, | probably is the only one in ex- ), recalls the business methods | B. Erwin, the president of the bank. The circulating notes iased upon the credit of the L Only a small percentage of mgs of state bonds was required jotect. the bilis issued, and these Willard and Children Await Homecomzng of World’s Champzon WIFE /M’D CHILDI?EN OF JESS W/LLARD WORLDS CH/)MP/ON PUG/I. /15T Los Angeles, Cal,, April 17,—Al- though the entire populace of this place is awaiting the arrival home of Jess Willard, the new champion pugil- ist of the world, there is one little group that is more intensely interested than all the others, and that is com- conditions, it i not surprising that the newly organized bank ficurished. It is curious that the application for the establishment of the bank was made to the general assembly in -a year when the legislature met in New Haven. John P. Elton of Waterbury A. J. SLOPER. F. S. CHAMBERLAIN. p circulating notes, were a first pon all the bank’s assets. Mr. “treated the note circulation of ank precisely as if they were his nal obligations No bills were ‘until & mapority of the direc- had certified to the fact that they seen and counted them. None destroyed until the same formula ‘been followed and the directors | obliged to witness their crema- fter the national system had been ited and the comptroller at Wash- became responsible for the Xhflon. these details were avoid- ©/Of the $160,000 state notes in lation when the national char- 'was adopted, all but about $120 P’ been presented, redeemed and hped since A. J. Sloper entered the Office in G. A, R. Rooms, e history of the New Britain bank hort, but it is interesting because jbank was the first in the city. The meeting of subscribing stockhold- held at the Humphrey house, sent Park hotel, on the 14th of 1860, and the fcllowing were d directors: C, B. Brwin, M. Landers, (. B, North, T. tanley, Darius Miller, Lueclius pdruff, Philip Corbin, Willlam J. w and Lot D. VanSand, the of Middletown, August 20, the ¢irectors elected Brwin president and A, P, Collins r and gbout the first of Septem- the bank opened fnr business in | office of the old 8iingg Bank and lding assoclation, v.hich was on pecond floor of the building In Btorr's drug stcre s now la- d. These rooms are now the club | of the G. A. R, and were prom- pt this week during the 48th an- 1 encampment of the veternns in eity. Darius Miller 2 Director, he only director of old state hank o s stil] iving is Darius Miller, one the present directors of the New tain National bank und who con- ues to conduct his business on in streot. [n & town where thore was little or concentrated wealth, ready mo"ey lown commodity, and endors ory to the Hritfordg and \1m. n banks so few that the lines discounts alloted o thelr names moon exhausted, pome kind of ing housoe for gencral business an lndltmion that would reeog- names mot known in Hariford Middletown financiul circles, but was the most active member of the legislature in securing the charter for the bank. The chaiter was largely the work of Seth E. Casc. Striking Feat of Charter. The original capital was fixed at $100,000 with the privilege of increas- ing ot $200,000. No person or COl"-z poration was allowed to subscribe for, or to hold at any one t'me, more than | ten per cent. of the carital. At least five of the nine directors were re- quired 12 be residents of New Britain. No subscribtion could be made by any person not a resident of the state of Connecticut 2nd the ~ini was limited by the charter to six per cent. in its charge for the use of n.oney. The number of subscribers was 132, who subscribed for an aggregate of 1682 sghares at $100 each, or 682 more tkan the entire capital. The commis- sioners allowed no subscriptions to be made that could be in any way com- bined to control the stock to the prejudice of New Britain owners. : ¥ive shares only were alloted to Hart- | ford subscribers; all other Hartford subseriptions were thrown out entire- ly. One quarter of the stock was sub- scribed to by Middletown interests, but only seventy-five shares were allowed them. Civil War Troubles. The beginning of the Civil war in 1861 brought everything to a stand- slill after fifty per cent, of the capital had been paid in and business had hegun to look exceedingly promising. | the deposits dropped to about $30,000 and to provide funds for immediate reeds, the balance of the capital was called in, payable August 1, 1861, The first recorded statement was isfued January 1, 1862 and showed as- nets of $194,665, including $11,000 in specle, The deposits were $44,892; notes in circulation $39,56007 capital s1ock $100,000, with earnings of $10, 000 as reserve to make up the balance, The first dividend of threes per cent. | was declared on July 8, 1862, The capital stock was Inereased $200,000 in January, 1863, and the en- tire Increase was subscribed to and pald in before January 1, 1864, In common with all corporate in- terests, the bank enjoyed for two or | three years a good degree of pros-| perity, the ciause in the charter which | restricted it to charges of six per cent, interest on loans Thaving ap-| parently been suspended about the time of the .suspension of specie payments, Confidenes in Lincoln, Confidence in the future of gevern- o | | ter extension of twenty years | Miller, | dent; posed of the wife and four children of the champion. The happy family is shown in the accompanying illus- tration. It is from a very recent photo of Mrs. Willard and the four children of the champion. Willard has, several profitable theatrical en- 1865, the day befor the assassination of Lincoln, the stockholders met to \ote upon the question of converting the bank into a national one, the di- 1ectors voting unanimously in recom- mending this action. The stock- holders voted to adopt the recommen- dation of the directors with the excep- tion of ten shares. on April 26, 1865, the bank accepted and adopted its charter from the United States gov- errment and became a national bank. The by-laws then adopted have re- mained with little modification or amendment as the governing rules of the institution. The failure of Ketcham Son & Co., with which the bank had kept its New | York account from the time it com- menced business, failed, owing New Britain National bank $60,000. Tc make up this evident less the stockholders voted to increase the stock $100,000, makfng it $310,000, the present figure. final settlement in the Ketcham fajlure left the 'nét loss to the New Britain bank $23,400, which was charged to profit and loss, and was covered by the surplus of $25,866.43. Prcfitable Years for Bank. The years following the Civil war up to 1873 were the most profitable years for the banking business that the country had seen. Rates of in- terest were regular at &ight per cent. and nine per cent., speculation was general, and nearly everybody who had credit borrowed. The panic of 1873 brought a lapse in a values which, was nicely weathered by col- the New The Jast time Mr. Erwin signed his name was in the application for char- in Feb- 1885. In April 1905, the char- s again extended for a period ruary ter W | of twenty years. At the annual meeting of stock- holders in January, 1906, the articles of association were amended by in- creasing the limit of number of direc- tors from nine to fifteen and, at the meeting of directors immediately fol- fowing, a committee recommended the purchase of the Baptist church | property and the erection of a new building. perty was approved and the work of construction was begun in September, 1906, Present Directors and Officers. The present directors of the bank lare as follows; William H. Hart, president Stanley works, elected 1866; D. N, Camp, pres- | ident Skinner Chuck Co., elected 1874; A, J. Sloper, president, elected 1888; E. N. Stanley, treasurer Savings Bank of New Britain, elected 1896; H. S. ‘Walter, superintendent of Stanley Rule & Level Co., elected 1898; G. Landers, president North & Judd Mfg. Co., elected 1900; Charles Glover, vice-president American IHardware Corporation, elected 1906; J, B, Minor, president and treasurer Minor & Cor- bin Box Co., elected 1906; I3, H, Davi- son, president American Hostery Co., elected 1907; 17, (‘hamberlain, cashler, elected 1907 G, W, Traut, president and treasurer Traut & Hine Mrg, Co,, elected 1908; A, I, Corbin, president Unlon Mfg. Co., elected 1909, 3, A, Moore, gecond vice-president Stanley Works, elected 1909; tobt, N, Peck, vice-president Stanley Ru & l.evel Co., elected 1911; Darfus merchant, eleeted 1912, The officers are A, J, Bloper, D, N, Camp, vice-president; Chamberlain, cashiler, A, 8, Pa sons, assistant cashier, W, H, Judd, assistant cashie: presi- 5 GUTHRIE'S COMING HOMB, Tokio, Japan, April 17,—George “V, Guthrie, the Americen ambassader to Japan, accompanied by Mrs, Guthrie left Yokohama today fov the United States on board the steamer Manchur- The ambassader is on leave of ab- sence, He said the expected to ment securities wes inspired by the g a loesl valua, Hecama an ab- lo neceseity, In view of thero olection of Abraham Lineoin in November, 1864, and on April 13, turn before the coronation of the Fui- peror, which is set for the early part of Nevember, the | however, | The purchase of the pro- | M. | FHOTO BY AMERICAN PREST AISOLIATION gagements on his way to the coast, but will hurry home as fast as they will permit. Willard always has been a devoted family man, and the first message he sent after winning the big fight was a telegram to his wife and babies in California. WILSON TO OPEN D. A. R. CONGRESS Delegates From All Parts of Country Arriving in Washington to Attend Convention. Washington, April 17.—With the twenty-fourth annual congress of the Daughters of the American Revolu- tion only two days off, delegates from all parts of the country began to ar- rive here today in large numbers. The registration books were opened today at Continental Memorial hall for what is expected to be the largest attendance of delegates in the history’ of the congress. { ©.Chief interest in this vear's gather- ing centers in the election of officers, the main contest being over the se- lection of a president general. Mrs. Wm. Cummings Story, of New York, the president general, is up for re- election, The only other candidate for the place thus far is Mrs. George Thatcher Guernsey of Kansas, who has opened headquarters here. President Wilson is expected to open the convention next Monday with an address Other speakers in- ! clude M. Jusserand, the French am- | bassador; John Barrétt, director gen- eral of the Pan-American union; Mrs. John Hays Hammond and Rogers Ballard Thurston, president of ne | Sons of the Arerican Revolution. The annual convention of the Sons of the American Revolution also will be- gin here next Monda | WATER CHRISTENING FLUIR FOR ARIZON I Governor Hunt Disbars Customary Champagnc for Battleship Cere- mony at New York cn June 19. Phoenix, Ariz., April —Water in- stead of customnary champagne has been chosen by Governcr Hunt as the christening fluld when the battleship Arizona is launched at the New York Navy Yard on June 1 As Arizona is a dr ate Governor | Hunt said today he haqd selected water | taken from the first flow over the | spillways of the great I'oosevelt dam, Miss Esther Ross, aged 17, of Pres- | cott, was appointed by Gevernor Hunt | as sponsor for the battleship. A committee of fifty men and wo- men will represent the state at the launching ceremonies. RSARIES ON PROGRAM For Today's Session of the New Eng- Jand Methodist Comnference. Boston, April 17.—Anniversarles of the Woman's I"orelgn Mlsslonary wo- ciety and the Woman's Home Misslon- ary soclety were on the program for today's seslon of the New England Methodlst Eplscopul conference, Tley were preceded by a business meeting. Many local pulpits will be supplied tomo w by ministers attending the conferences. ANNIVE ITALY TO REMAIN NEUTRAL. Rome, April 16, 8:55 p, m., via Par- is, April 17, 4:40 a. m.—*"I am con- vinced that Italy will remain neutral, was a statement made to the Idea Nazionale by Carasso Effendi, a mem- ber of the Turkish chamber of depu- ties in the eye of his departure from Rome for Cinstantineple, Carasso, who came to Italy on a mission for | his government, decl: ha based his | opinion upon interviews with varlous | ltaliun statesmen, “Until yesterduy,” CHURCH NOTICES South Church, the South D. Hill At morning, church on will preach topic, “Loss and Recovery.' I music will as follows “Interm 0, Batchelder; “ear’ Not, O Israel,” Spicker; offertory, “Like as the Hart De- sireth,” (solo for Baritone) Allitsen; Postlude, A, Hammerel. Sunday on the be —Prelude, anthem, Sccond Advent Churc Elden White, pastor Preaching services 10:45 a. m. and 7:16 p. m, Subjects, “A Call With Promise” “Our New Life with Christ.” Sunday school and Bible class at 12 noon. Children's meeting at five o’clock in the after- noon and all the neighborhood chil- dren are invited to attend. Young Peoples service at half past six. Y. P, M. S. meeting Tuesday night. Cottage prayer meeting on Wednesday night. Prayer and social service on Thurs- ! night at eight o'clock. All are j cordially invited to these services, Hillcrest Universalist West Main Church, 2 street. Rev. F. L, Dillingham, D. D. Pastor. Services Sunday evening 7:30. Subject, “How to Get Eternal Life.” All welcome, Stanley Memorial Church. Rev. J. E. Rees, pastor, morning worship at 10 with sermon on the “Divinity of Christ.” inday school at 12. Jr. C. E. society at 4:30 p. m, On Wednesda m. the Ladies’ Aia society will meet at the church, On Thursday evening at 7:30 meet- ing for prayer and Bible study. at 2 p. Eng. Lutheran C hur(-h of Reformation Rev. Frederick Schaefer, pastor. Church services, 10:45 o'clock. Sun- day school at 12, noon. The Senior Luther league will meet Friday eve- ning at home of Arthur Anderson, 133 Smalley street. First Baptist Church. West Main and High streets. Rev. T. Edwin Brown, D. D., pastor. 10:45 a. m. Public worship, Address by the pastor on ‘“Personal Memori awak- ened by the fiftieth Anniversary of the Death of Abraham Lincoln. 12:15 p. m., bible school. 7:00 p. m. Society of Christian Endeavor, topic: One Day in Seven for the Highest Things. Leader: Miss Florence James. Thurs- day, 7:45 p. m.. Church night service. Topic: Heaven,—How to Get There. Seats free. Everybody welcome. Musical program will be as follows: Prelude—'Cantabile” Demarest Anthem—"Hark, Hark My Soul” .... Shelley Solemn Ambrose Guilmant Quartet — “One Sweetl Thought’ Poflllude——“Manh First Church of Christ, Scientist Corner West Main street and Park Place. Sunday ! subject day evening meeting ar 8 The reading room at the chapel cpen to the public daily from 2 to 5 b.om. Hillcrest Churc Sunday evening, Organ—Priere and Berc Hymn— Responsive Reading— Lord’s Prayer— Quintette—‘He Leadeth ) Seripture— Anthem—The Quartette” I'rayer— Offering—*"Softly Day S(lnmn»—l{(‘\ 5 L Hymn— Benediction— Crgan—March .....cc0000 BURNTD TO 1 EATH. Lumber “Choristers Male Now the Light of Schilling Dillingham, Guilmant Three Children of Dealer i he said, “this was a simple impression, ! but today | consider it a certainty, | feel a sincere joy in knowing that your country will be spared the horrors Lose Lives in New York Fire. New York, April 17.—"“Word was received today that three children of Henry Thorpe, a lumber dealer, were burned to death yesterday in a fire which destroyed the Thorpe home at ‘Wesley Chapel, Rockland county. The victims were Ethel, 6; Charles, 4; and Mildred, 2 years old. Mr. Thorpe w seriously burned in an attempt to save the children but was rescued by his daughter, Margaret 7 years old. The origin of the fire is unknown. WILL SING IN BRISTOL, Miss Anna B. Clark of Camp street has been engaged as soprano soloist for the vear by the Bristol Baptist church. Leon Jackson of St. Mark’s choir will sing tenor in the church. —_— At a Court of Probate holden at New Britain, within and for the Dis. trict aof Berlin, in the County of Hart- ford and State of Connecticut, on the 15th day of April, A, D,, 1915 Present, Bernard F, Gaffney, Judge. Estate of Martin R. Dunham, late of Berlin, In said district deceased, Upon the Petition of Edwin I. Clarke of said Berlin, praying that as ad- ministrator on the estate of Martin R. Dunham, deceased he may be au- thorized and empowered to sell and convey five separate, certain pieces of sprout and farm land comprising the estate of Martin R, Dunham at the time of his death as per applica- tion on ftile mare rfully appears, it is ORDERED-—that sald application be heard and determined at the Pro- bate Office In New Britain, in sald district, on the 22nd day of April, A. D, 1915, at 9 o'clock iIn the fore- noon, and. that notice be glven of the pendency of said application and the time and place of hearing there- on, by publishing this order newspaper published In suid Britain, having a circulation District, and by posting a copy there- of the public slgn-post In the town of Berlin, in sald District, and return make BERNARD 1 In seme New In wald an GAFFN The | 2 ESTABLISHED 1886 2~ Copyright Hart Schaffner & Marx Globe Clothing House —— iy Braid Bound Cut- away Frock, We have them, Also Varsity Style 59 All are made by Hart Schaffner’ & Marx $18 up Men’s Fibre: Silk Hose, 2 pair for 25¢! We sell the Emery Shirt. If yoli} are not acquainted with it, you have no idea how good it i INTERNATIONAL CONGRE Of Neutral Nations With View to End ‘War Advocated. New York, April 17.—Resolutions urging President Wilson to call an in- ternational congre: with a view to ending the wa ed last night by the Ce union here, were forw ington today. The gested that the v by neutral adopt- itral Federated rded to Wash- resolutions sug- ar might be stopped nations if they placed an embargo on the shipment of muni- tions of war and foodstuffs to the belligerents. The meeting adopted a suggestion that the American Federation of Labor be asked to co-operat: in the demand for the calling of the congress. Offi- cers of the union sai. that, despite the oppositions of Samuel Gompers, delegntes woula be appointed within ten days to go to Eurcpe to agitate for an anti-war strike of laborers in the belligerent countr: YWise Precaution will prevent the little illness of today from becoming the big sickness of tomorrow and after. For troubles of the digestive organs you can rely on BEECHAM'’S PILLS Sold everyivhere. In boxes, 10c., 25c. w» Now Is the time to pls where they will be SCIE RAVAGES OF THE scarfs, mufls, rugs, etc., with THE W. Thelr new Cold Stora cquipped in New England YOUR FURS ARE ING PLACED IN THE AGAT They coLn s of nieutral nations | ge Plant is store HOROUGHLY AIR VAULTS, ST FIRE, MOTH OR THEFT. EAT LESS AND TAKI‘. el SALTS FOR KIDNTY, Take a glass of salts before brea if your back hurts or bladder bothers. The American men and women must guard constantly against Kidney trouble, because we eat too muckand all our food is rich. Our blood filled with uric acid which the neys strive to filter out, they weaks from overwork, become sluggish; thd eliminative tissues clog and the re sult is kidney trouble, bladder weak, ness and a general decline in heal When your kidneys feel like lw of lead; your back hurts or the is cloudy, full of sediment or yis obliged to seek relief two or thed times during the night; if you suffe] | with sick headache or dizzy, nemvo: spells, acid stomach, or you ha rheumatism when the weather bad, get from your pharmacist abos four ounces of Jad Salts; take a table. spoonful in a glass of water hef; breakfast for a few days and you kidneys will then act fine. This fa mous salts is made from the acid o grapes and lemon juice, combine with lithia, and has been used fo generations to flush and stimglat§ clogged kidneys; to neutralize the acids in the urine so it no longer'is source of~ irritation, thus eydiq bladder disorders. Jad Salts is inexpensive; cannotin jure, makes a delightful ecffervesoen lithia-water beverage, and belongs every home, because nobody can mak: a mistake by having a good Kkidne flushing any time. Time to Store Your Furs | > your furs in DRY COLD TIFICALLY PROTECTED AGAINST THE MOTH AND BE I have contrécted for the placing 'ORAGE, TLE. of my customers’ fur coats M. TERRY COMPANY O BRIDGEPORT, OONN, the most modern and be¥ furs, rugs, cte., exclusively: CLEANED RBEFORE BE- AND ARE INSURED EDWARD MESHKEN City Hall Building, City. v