Vermont phÅ“nix. [volume] (Brattleboro, Vt.) 1834-1955, 1888-08-03

the town hall, where the committee will Ice
IN attendance. 1t Is expected the cornot
band will furnish outdoor music
TIiE WILMINGTON SIt'INDS EtNK:
THE GOOD RECORD OF \ SOUND INSTITUTION.
The act Of the legislature Incorporating
this institution was approved Dee. 9th. 1853.
The corporators were - in number. as fol
lows Israel l.awtun, g. r. Alvurl, Alma
b. Childs, Hosea f. Ballou. I.ahan Jones.
Daniel Carpenter, Ira Adams, Elcazrr Cor
ham, ir. Noney Forbes, David Bills. lsra
el Haynes, GEORGE Fox, Horace Hastings.
Arvime Boyd j. II. Dix, Warren Boyd.
Horace Tanner s. +. Flagg and q. l..
Shafter. OF this number only six are now
living C. T. Alvord, Elealer Gorham,
Horace Hastings Of EIaverhll, Mass Ar
vine Boyd, j. H. Dix and Warren Boyd
The first president was u. J.. Shuftcr and
the first treasurer was : T. Flagg The
first drpusitor was Miss Sarah D. lAwton.
Mrs T. II. Adamsl the amount being ~.
March II, 1854 second depnsitor, Rufus
q. Bowker, so, ON the same date After
.. l.. Shafter removed to California about
1859. Iahau Jones was elected president
and served for several years. He was sue
cerded by A. Il. Chids who served for IA
ed to the office and served until the time of
his death f. L. Fuller Of Nottingham
was then elected and l. the present incum
bent. The treasurers since the death of
Mr.. Flagg have been +. l.. Waterman. ".
r. Crosby, y W Sargent, II Mann, jr.,
and f.. a. Willard, ir., who now ills that
office.
For a number of years the bank was OF
slow growth. and not until about lNGldil de-
posts begin to he received in large amounts
Since that time the institution has contiu
ued to flourish and has had an annual
growth almost phenomenal It is fact
almost without precedent that the bank has
never owned government bond. Loans
upon real estate security have been "a IA
vuritc investment aud the number Of fore
closures has been very small indeed, and
these have given in the aggregate hand
some balance of profit over the amount ui
loans The board Of investment has al
ways acted with conservative interest and
the present condition of the bank afford, a
most striking testimonial "a t. their gopl
Judgment and careful management John
Patch has been "A member of the finance
committee for 80 years aud Liberty Wilder
for - years. At the time Of the fire IN
lSSl the bank most unfortunately lost their
records previous 10 lNNr, ana hence We are
unable 10 make statements in detail Ac
cording to the last published report Of III,
state inspector Of finance only two other
savings bank, IN the state paid five per
cent semi annual dividends, and at th,
present time there J., hut one pawn. that
rate. and that is the Wilmington TIA,
bank owns a fine. connections building adj
mirnhly suited to its needs, which pays four
per cent On the investment besides til,
rooms used for banking purpose, mas
,ive Morris y ireland safe was Bought last
year Money is loaned AT Il per cent inter
est payable semi annually. The prompt
ness with which the treasurer collect, IA
tcrr,t due is remarkable; it is seldom that
any unpaid interest remains upon th" hnuk
longer than 10 or - days after Jan. Isl
and July LIST. On June Both, l~SS, the
amount Of deposits was 500, rs G3 re
serve fund, -, 1872 10 surplus, $40, il3 50
| Taking all circumstances aud conditions
into account, it is certainly matter Of
pride to this town and locality that such IA
strong, solid moneyed institution has grown
up here in small country town. isolated
as we are from the centres Of trade and
business