Norwich Bulletin Newspaper, January 1, 1916, Page 9

is one of the oldest institutions of Eastern Connecticut, and has increased its business neurly 100% in the pust five years aione. Through the magni- _tude of its buslnm and promptness in service it has become one of the most important factors in the fire insurrance business in Connecticut. Strong solicitation is made for local business, and lines will be gladly accepted through any local Insurance Agency. A;puduumdedmmmwmhdwemnnwmbmmdmn,htmmflemh churches, : pubhc property will also be underwritten. . Losses Paid Since Organization $1,000,000 ‘ . FRANK H. ALLEN " JAMES K. GUY OHARLES R. MARVIN ™7} > HENRY H. GALLUP JOSEPH D. HAVILAND ~WILLIAM H. PROTHERO 8. ALPHEUS GILBERT WALTER F. LESTER JOHN F. BEVIN - NEW HOME OFFICE BUILDING R '59=6l Broadway - - - . - N. DOUGLASS SEVIN EDWIN A. TRACY OTTO & WULF - f b IR cvsrss Norwich, Connecticut EASTERN- CONNECTICUT'S BANKING BUSINESS 'nhdfitwLmdonlndWmdhAmanhanveHdquBmYeu—BothNumdBnnh-ndSav- ings Banks Had Large Volume of Transactions Deposit Your lech ‘banks in the past vear, both the national banks and the - sayings banks, have found the period one without any special feats thongh in both lines it has been evident that there were vi ‘better business conditions in this community and its surrownding territory than in 1914. This had been indi- cated by the greater volume of business done by the banks hand- ling mercantile accounts, while those which have payroll busi- ess and other transactions with the manufacturing plants of horwleh and vieinity have séén these grow to larger figures 1915. ‘With good reason Norwich continues to serve as the financial center for Eastern Connecticut for its three national banks with total capital of $1,200,000 and total surplus of $623,000 quite ade- quately take caré of: the requirements of the community in their line and its three llviun banks have on deposit over $40,000,000. ! Loans on real gstate made by the savings banks have been at a mormal figure ‘during the past year, but the expected increased ‘building .that is d\!a take place in Norwich in the immediate future, already having started, is due to make this branch of their business, an mt&u one-soon. In this very important service to the ity banks will be found the umm fl% ‘has actuated their officers in times past ud%v;c 50, well illustrated within the past five years at a time of financial stringency, when the Norwich bank decliped ctb-u:uvo loans offered from other cities in order that they mism take care of home interests first, uhum-yurmtmjmwuao. occurred the-death of General Edward Harland, president of the Chelsea Savings bank me‘:?o /This was in the early part of March and in the latter the same month the vacancy in the presidency was inedbyt!ude-:flonotlohnc. Averill to that office. He had been a vice-president of the bank since 1907. in bank officers during the ‘allace S. Allls as president of y— brought about through the health of Mr. Allis. Arumr D. Lathrop, who had been vice- president, was thereupen elected president. During the year also the recoiver of the Thames Loan and Trust company has contiriuedl the realization on the assets of the company with the result that dlvidends making 60 per cent. in all has been paid to the depositors in the savings department of ‘the company. They bave noshpd $350,77829. Receiver A. A. ‘ Browning, who was appointed to this position, after the death ' of Receiver Charles F.. Theyer in April, has just begun also the : mtdnlowmgavuena %o the dopositors in the com- mercial department of the trust company. A former 25 per cent. dividend in this department amounted to $63.790.16 and this 10 per cent. dividend will amount to over $24,000. NEW LONDON BANKS REFLECT 7 CITY'S YEAR OF PROSPERITY. un fiu-v. Largést Amvab -t Deposits in Their History—People “Have ha-—a Their Savings. }cummumummnd%nmmauy:: Deen ‘wr one. New m, on %fll"}. sans and prosperous a city as exists in nmmmmummmm - but no * Mhmmm Loudon ermb‘lamflflm m;nfltwhfl&mw and permanent ll mtulflly refiected in its banks, it amounts of %!Doll'-l in¢ tholr phe i i fas i1 L “gflflu‘m hflm lh"‘ in I’l‘l 5 Vicinity have nm lb!a m‘ mm the brief, but spirited London. This hmw-m ‘was prominent both as a banker and because of his literary at- tainments. - Mr. Learned is succeeded as treasurer by Judge Will- iam Belcher and George Whittlesey and Charles E. White were made assistant treasurers. Hon. George F. Tinker, president for many years of. the Union Bank, died during the summer and Judge Willlam B. Coit was elected president in his place, Judge Coit’s father having held the office of president of the bank for many years prior to the election of Mr. Tinker. Charles H. Klinck was elected vice- president to succeed Judge Coit. The sudden d‘xh of George P. Fenner decreased the number of directors in the National Bank of Commerce, leaving a vacancy which fas not been filled. The merchants of New London all unite in saying that the Christmas business this year is the best they ever had and this is due, no doubt, in large measure to the success of the Christ- mas savings club started by Cashier J. R. Latham of the New London City National and which distributed during Christ mas week checks aggregating $75,000. A noteworthy incident in banking history has been the experiment carried on by the Mariners Saving of keeping open for one hour on Monday evenings for the re-- ceiving of deposits only. It has been demonstrated that the town is hardly large emough to warrant the keeping open and from the first of the year the bank is to keep open on the first Monday evening of each month from 7.00-8.30 p. m. for of the ¢ deposits only, The Mariners Savings Bank is also the & WILI.IHANTIG BANK. DID " INCREASING BUSINESS IN PAST YEAR. s ——— Each of the City’s Financlal Institutions Declare the Year & Good One. mnmat&.-mmmnflmhfimbhhm removed that obstacle to confidence, -took placs at the During the year, one change of Willimantic Trust company, where H. H. Huber, a young man wowmmmmammmummbmwm came here from one of the Hartford institutions, succeeded P, 8, Hills, who had been the efficent treasurer of the institution fof ch‘:u;xbor nm Th:amldh’a;;eenulwl one for this ‘which creass flapodumflhsha-hd! u-mtum-mr."mu-m The year has also been normal and lhowed u;uuusnt busi~ ‘ness at the Willimantic Savings institute, an Institution which mummmmmmscwuumd. A!lh all the year has been most favorable in this oity DANIELSON SEES BANKING CHANGES, -WWMAmmmcmumm In Past Year—Danlslson Trust Company Completes it Pirst ! Full Year of Business. Thu year just closed haa bnwht A‘bont some of the changes and centralization of ln in banking in Danielson that were 1914, The Windham County Savinga mmmww-.m::u mmfi ‘x Regular Pay Day That’s the time to join our new HOLIDAY THRIFT CLUB and put your spare cash in the Bank, " veady for your VACATION or s for next CHRISTMAS. Insurance Policies, Deeds and other valuable papers in our Burglar and Fire-proof Vault where they will be protected and ready for you when you want them. A good sized Box for $3.00 per year. The Danielson Trust Company The Department Store of Finance,, . Danielson, Conn. J. ARTHUR ATWOOD, President F FREDERICK A. JACOBS, Vice-President CLIFFORD STARKWEATHER, Treasurer ROSA FOUND DEAD. the story of Rosa. much-written-of | dition when captured by s pn!la} dng, dmny‘bemrmPo.x-iile:El fiosu C]u)well ’é‘lhurudny tlutt : ubenx feed was found dead in the sade ken- |she was given contributed to upsetting Police Dog, Recaptured Friday, Too| ;e at ast Killingly Friday morn- | srill further her greatly weakened sye: Weak to Stand Hearty Food. ing by her owner, Henri I, Baer. It is|temn. She was also probably sicker -~ apparent that the dog, roaming at|than was at first believed. Mr. Baer Dantelson, Conn., Dec, 31.— | large in flela and wood since Nov. 18, | said Friday that the dog’s death rep- This morning the final chapter in|Wes in such a weakened physical con- | resented a loss in excess of $200. First National Bank of Putnam ‘Caphtal and Profits $260,000. ? Organized, Mmfl and Conducted FOR SERVIGE < AW GgHAMQQ!&P@?MQK s