The Rutland daily globe. [volume] (Rutland, Vt.) 1873-1877, 1873-08-30
BANKING INTERESTS OF RUTLAND
THE NEW BAXTER NATIONAL
BANK
Description of the Buildins--.xais-
tory of the Bank---1ts Past,
Present and Prospective
Future.


Present and Prospective
Future.
THE RUTLAND COUNTY NATIONAL
BANK AND THE NATIONAL
RANK OF RCTIAND.
The village Of Rutland may well feel
proud Of her banking interests the banks
themselves as commercial institutions of
importance and power, their official man
agcmcnt, the large amount of capital in
vested and the amount of business transact
ed by them, and the splendid banking
houses in which the companies are located
No town in Vermont can out rival Rutland
in regard to the good standing sustained by
her banks and none other has 80 fine bank
buildings. They are at once source OF
pride to their owners and an honor 10 the
town in which they are located.
The present time is one eminenily fitted
for brief RESUME of the history of Rutland
banks, on account of the completion of the
new and elegant Baxter National Bank and
in the beginning we propose to give SOME
what of history of the bank and de-
scription of the new building.
TIE BANTER NATIONAL BANK
was chartered August II, 1870 as the fol-
lowing copy of the original charter shows :
TREASURY DEPARTMENT,
OFFICE OF THE
COMPTROLLER OF THE CURRENCY
WAsHISGroS Aug. 11.iS;0.
WHEREAS, BY satisfactory evidence pre-
scented to the undersigned, it has been made
to appear that "Thc Baxter National Bank
of Rutland" in the Town of Rutland. in
the County of Rutland and State of Yer
mont, has been duly organized under and
according to the requirements of the Act of
| Congress entitled "An Act to provide a
National currency. secured 10y pledge of
United States bonds, and to provide tor the
circulation and redemption thereof, APP
proved June Sd, 1864 and has complied
with all the provisions OF said Act required
to be complied with before commencing the
business of banking under said Act.
Now THEIEFoIE. |, IIiland II. lIulburd,
Comptroller of the Currency, do hereby
certify that the - Baxter National Bank OF
of Rutland" in the town of Rutland, in
the county of Rutland and State of Yer
mont, is authorized to commence the bust
| ,f napi,iptr t,p,lar tim ofnrpcniI
IL TESTIMONY WHEREOF, witness my
hand and seal this seventeenth day OF
August, 1870.
| e.. s. Inland r. HUIBuRD,
Comptroller of the Currency
The institution was secured through the
efforts of Gen. II. Henry Baxter and the
bank was organized by the election of the
following
BOARD OF DIRECTORS
ii. Henry Baxter, President.
John n. Baxter, Vice President.
-<s,.s,J .., D,"ii,,vf.
Henry +. llathrOp, PittsfOrd.
Harvey Kingsley, Rutland.
Walter G. Landon, Rutland.
George +. Royce, Rutland.
The capital of the Bank at the start was
$500, 900. and is the same ut the present
time.
The directors elected as the officers of the
Bank,
II. Henry Baxter, President;
John N. Baxter, Vice-P President
George K. Bottum. Cashier;
who hold their respective relations as above,
at present, with Horace Baxter, Teller, and
Martin +. Flack, Book keeper.
The bank went into operation, soon afte~
the charter was granted, in the block adj
joining the Bardwel House on Merchants
Row, at which place they have continued
the transaction of business up to the pre-
sent time The enterprise thus SO well es-
tablished has tended to the advancement of
the interests of Rutland and has secured Il
good share of the deposits of her best
citizens. The location has ever been con-
sldered only temporary one, and in July,
1872, excavations for the foundation of
THE NEW BUILDING
were commenced, two doors north of the
rooms occupied by the bank.
The erection of the building was put
under the especial management and super
vision of the wel-known architect. Mr..
Milo w. Lyman, of this village, who. aided
by the acknowledged good taste of Gen
Baxter, has succeeded in raising a splendid
banking house, which is not only the best
nf ito Lind in ba OF IN L,,tf Il, al,
excelled outside of the larger cities of the
Union. 1t stands to-day monument Of
architectural skill and a representation of
great enterprise and wealth of the builders.
A written description of the same will
give the reader but an imperfect idea of its
superiority over other buildings of its kind
or of its many excellences of design and
finish. Its imposing dimensions are notice
ably prominent from afar off, while the
eye of the beholder cannot but be charmed
at its handsome proportions and the beauty
OF workmanship that it represents.
The building is built of pressed brick
with heavy marble facings, trimmed with
iron metals, and stands three stories, with
a high French roof surmounted by an OBJ
servatory, capped with handsome liberty
pole, upon which rests a golden eagle. The
height of the building from the ground to
iiag-stait is llS feet. The view from the
observatory takes in at a glance the whole
village and its surrounding country. The
foundations are laid with large blocks of
stone, the underpinning is carried up four
and half feet above the grade in beautiful |
symmetry of :orm, built of cut blocks. The
columns of the building are heavily plated,
to the most modern style of
architecture. The front windows are
archnd and aunnlind ,,,iAL AI,a GnanA 4.Ia...