The Portland gazette. [volume] (Portland, Me.) 1818-1824, 1820-07-25

xa8I5 So
The whole Of the first dividend declared ~
January last. excepting 81. has been carried
to the respective accounts Of the several derosi
tors, And now forms part Of the sum deposited
drawing interest.
second dividend will be due on the 10th inst.
amounting to S159,05, and 10 payable to the De
positors on demand. If not demanded il will be
added to the principal, according to the rule Of
the Institution.
The expenses Of the Institution since lie or
esn'zatien Tor the year past. have amounted 70
S54, 49, being wholly for pr curing necessary &C.
Count DOCKS. This has been betrayed from the
Geeumnlafsng fund, where it leaves balance
Of $3S, IL. This fund 10 10 continue increasing
till the end OF FIVE years, and is then to be
d'v'dsa among the depositors, in p..pcrtion 10
Their deposits, Ia addition to the int. 4.
The advantages Of the institution may be in
ferred from the list Of depositors, which contains
10 mechanics 10 widows 81 single women
70 miners = 10 domsstics-2 ssanicn-and il il 4
gratifying circumstance to notice the small num-
Der that have withdraw their deposits.
Al The conclusion Of the first regular period Of
tins institutions, on a review Of its proceedings,
the Committee cannot forbsar the acknowledge
ment, that II has equalled all their expectations
aud realized their best wi.hss. Nor can they
omit expressing their obligations 10 the Banks ID
Portland for their friendly aid to ts operation /;
to the respective publishers Of the Portland pa
PERI for their libsral,ty; TO the Treasu of the
institution, for his faithful dsinterested and val
liable services; and Tor the constant, cheerful
aud intelligent attention Of the Secretary. Il can
not but be obvious how much the prosperity of
the institution depends upon securing contiu.
uanee or succession Of such important services.
The principle Of this institution is chiefly 10
provide permanent deposit for the security aud
increase Of the savings Of the more industrious.
frugal, and less afauent portions Of the comrauni.
y. 10 designed for the encouragement of
those who have mainly to depend upon their
present exertions and economicalha bits for their
future support and comfort. The trustees aud
associates Of the corporation have no further in.
tsrcst IN It. than that which they feel for the
welfare Of the community. Care 10 taken that
the benefit ofths Institution shall net be abused
BY those who do not require it, aid.
Alter years experience Of its operation, the
trustees feel confidence ia the usefulpes. and
benevolence ofths project, which enables them
to recommend II to the support and encourage.
ment Of the public. The practical evidence,
which this period has presented Of its success,
has taught them to rely with the most perfect
assurance upon the excellence ofits principle q.
an expsdient Of improvement. and inspired them
with the fullest conviction Of its favorable infu.
ence upon the interests, habits and moral. OF so
ciety. 4. NEWllALL,
JAMES NEAL,
WIN. SWAN,
"a L. 5. DAWES.
Portland, July 49, 1920. ~.
In addition to tue aggregate amount above
noticed there were received an " ednes day the
18Th inst 5 IFS, which swelis the amount de-
posted since the opanii Of the institution on tie
hrst "edne sdayin August 1919 TO s 1928 Ia.
Read aud excepted, and the Secretary re-.
qoes,ed 10 hand the sane to the editors of the
cortland papers Tor publication. BY order:
VIM. WILLIS, Secrstsry.
The report Of ihe i'usiees Of the Saving 8
insiitsfion IS recommended To perussl The
iayorable view presents oi that excellent
'nsiip lon must be crafty ing 10 the friends Of
hose habits and principles on which depend
he happiness anu besl interests Of Socisly $