Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1872-03-25

meeting at the Methodist church in the in
terests of the club. Mr.. Murphy of Portland
will be present.
On Sunday evening, April eth, Rev. Mr..
Penney will preach to the club in his church.
A collection was taken up for the objects
of the club. The meeting continued until
nearly eleven o'clock, the large audience
naming in their seats through the entire
! time.
Last evening Mr.. Murphy addressed full
house at the same place, on "Prison Life
Reform Club At HallowelI.
AT Hallowell Friday evening last, the City
Hall was crowded at the hour of half past
seven, in anxious expectation of the arrival
of the speakers of the evening from the Re-
form Club of the city of Gardiner Hon. VIM.
Wilson was elected Chairman, and j. +. Nye
Secretary. Prayer was offered by Rev. c.
Fuller. The President Of the Reform Club
at Gardiner, Mr. Joshua X. Osgood, was then
introduced who spoke at length, adverting to
his sad downward experience of the past ten
years, with exhortations to drinkers of various
classes to reform as he had done. He espec-
tally dwelt on the availability of moral sua-
sion as an element of success in the rescue
of the Incorporate. His account of da-
logue that occurred between himself and
jug that set under his desk the morning after
he determined to reform, was graphic indeed.
The jug wore very smiling look and as
plainly as could speak said ''Josh, you'd
better take just one drink" The speaker
said it only when he put his foot down
hal h., .,lo ,t.,4 H.,
lie was followed by DR.. Brickett Of Au-
gusta, who accredited his own signing of the
pledge to the influence his little children ex-
erted after they became members of Mr..
Nye's Cold Water Temple. He considered
that very large class came under the head
of secret drinkers, far more than anybody,
except drinkers themselves, had any idea.
Mr.. c. T. Sones of Gardiner gave impress
sive remarks, abiding to his own unfortunate
life and the little friendlness that had sprung
up for him from any source; trusting, how
ever, in Higher Source, he manifested his
determination to establish himself as tenn
perance man. A converted, as well as re-
formed, sailor then spoke in a strong foreign
brogue. He indicated that his trust was in
God for overcoming intemperance, as well as
every other evil The pledge was then
spread upon the table and the proposition for
eighty names was soon responded to, as
also that for hundred. When the meeting
closed there were one hundred and six. A
meeting for perfecting the organization of a
club will be held this (Monday) evening in
the City Hall, at O'Clock.
| AUGUSTA SAVINGS BANK,
March 22d, 1872.
To Depositors.
| The Legislature at its recent session, having
passed an act, making certain changes in the
law in relation to Savings Bank, in answer
to constant inquiries and in order that no mis-
apprehension may prevail as to its provisions,
and that depositors may fully understand their
rights and privileges, this Bank desires to
make the following explanatory statement.
1. All the Savings Banks in the State are
governed by the same law. None have any ex-
elusive privileges and none are exempted from
any of the provisions of the general law which
governs the whole.
| 3. In respect to the taxation of deposttors,
the new law makes no change, and this matter
remains precisely as it stood before its pas
sage. No Savings Bank in the State is re-
CURED to make any returns to Assessors of
cities or towns, for the purpose of taxation,
nor are officers of Savings Banks required to
impart information as to the names of persons
having money on deposit, the amount
| thereof, or answer any questions in relation
to its business. So far as this Bank is con-
cerned, all accounts are strictly pirate and
confidential.
3. The regular dividends of all the Savings
Banks in the State, are limited by law to three
per cent. semi-annually. Bnt provision is
made for division of whatever surplus any
Bank may have on hand at the end of four
years, among depositors of not less than one
years standing, Under this provision the
regular dividends of this bank will not be less
than three per cent semi-annually, and to de-
positors who may have money on deposit at
the end of four years, it is expected that the
average of interest will not fall below the
amount paid for some years past, viz. seven
per cent. per annum, and it is hoped will ex-
coed that rate.
| 4. A tax of one quarter of one per cent.
semi annually is laid upon the bank, which is
required to be paid into the treasury of the
State, on the gross amount of the deposits
held by the bank, to be distributed by the
State Treasurer to cities and towns for the
| benefit of the common schools of the State,
/
municipal taxation. Names of depositors are
not required to be returned to the State
Treasurer. The tax is not, some have
supposed, to be deducted from the three per
cent. dividends to depositors, BUT is payable
from the earnings of the bank like any other
expense of its management; and so far
this bank is concerned, will not lessen the
amount of interest paid to depositors below
the highest sum allowed by law to be paid.
/ HAIL tr.,Ik
apart one quarter of one per cent. semi-an-
nually, as a reserved fund to secure deposit
tors against any losses or contingencies in the
business of the bank. Under the rules which
have governed the Trustees of this Bank,
heretofore, the reserved fund of this Bank
now amounts to $250 900 Its business affairs
have been SO managed in the twenty-four
years of its existence, that ~ot one dollars
loss has yet been sustained, and none is APP
pretended in the future. Hence this require
ment of the law will not interfere with the
purpose or ability of the Bank to ay as high