The Windham County reformer. (Battleboro, Vt.) 1876-1897, 1894-10-05
WILMINGTON SAVINGS BANK.
Continued from LIST pagc.)

pleasc note that the last two items amour
TO $685.
There are no entries on our books TO cores
pond with these, and we know of no reason why
these various debts and credits should have
cd as follows; Loan No, ii,224. Carpenter, wal
| RENTED to the Savings Bank, and later, the
loan having been renewed, the papers were re
turned to the bank and the Investment accepted
and the bank was charged by us with d tne
| amount OF the loan and interest, namely Sl,O6o
On the other hand in our letter of Noy. i1th
1892, we notified Mr. Willard, that we hau re.
the bank, being partial payments upon loans;
No. io,loS pullman ,.,,','''' - S aoo
| Interest on both ....... 8.
| Balance due us 1. .. ... bo2
Our statement rendered December 23fu, ls'2,
showed these Items of debit ana credit as stateu
above and In Mr.. Wizards letter OF December
2sth, 1892 he advised us 20 deduct the amount
our due out of the proceeds of loans sent us Tor
collection, which was afterwards done. The
whole account was,settled before the GATE OF the
various debts and credits on your books, as
mentioned aboye, and we, therefore, see no
reason why they should have been maze.
Yours truly. -.
The treasurers excuse for not credit,ng the
payments on notes referred to that he never
received the statement of December ~, 1872,
is disprOved by the discovery of said state
ment among lot of old letters of the bank,
together with part of a letter of said date,
some of the writing on said letter having been
carefully cut off.
The Gilman loan upon which one of the
@AvV eluoIsemtnts siiouiu h" ',o,. 20 .t h' ~;
was pau !ust DeIore une st ,s,. vi t !mo ~
sptoto a au .ne treasure ,hH tho om;torC
puu III PIuo ,a'o hls c"sn, WILL ~ ' ;srootn,. -
finance and five trustees.
Without going further into details the result
S ", omo i'''es''sa'ioh ma! NC '"'''"' '~'' as
io11Uws l.,...os. ,.ooo;,o,,
we n1te iouhd eie'en Ivy s 49, e.
tems eNtenamg over periou VI aGUu' f lou,
se ea e.o o showing uehcienoy va thn
oo ~ tos' the AMOUNT uhopem on ;ncreasnd
nv ;ntaroS, -, an " tno a,no Tho ,nsdiusted nav.
uy 20 aao vi .iiG saiiie, tno tathar Eth
inell oi S2oo on Becher loai,, ~ .i wv
interest on the use OF tne SluoV ~ ono ~ H.
-. ~ L. 60. matter, amount 10 o2l.z2, lor
the restitution of which demand mas been
made upon Mr. Willard, While 1t may be
cOniect,Ired that ha eynected the SS73 cash
nro,jncaJ w,oniJ ,,not nroLahlo discrepancies
d;SnouoroJ ~, ~ Hi. .n p '.onrt II bnnnenS
& oieu Ill ehe iliteres. aSovu .'J to
mat the amounts in which Wlllaru sald the
cash came into his hands do not ht the dis
crepancies found, except the S110 item for
which he was credited in this accounting.
As the assertion has beon made Inv Mr.. Will ,
ard ond So,no nf IL; fn;ondo tbot all his +rou
La j.; % ms - tn.;I vI 60 hod Sa+
~ Innl .n,n ia.,er ale ato,lo'. t W.
IL DOCKS ana worse system or housekeeping
to him by his predecessor, and al
owed to continue by the trustee
and OF course by the inspector OF hnance)
t may not be out of place to call attention to
he fact that the Wilmington Savings bank
las one of the simnIest and most nerfect sys-
ems of bootEoonip,. IN ,,Sa in apr, .bonl, in
piiiS ~ y: 's 80 n,ti III
II s.aee" its uayDooh Is ailliost eAao.! nhe
nat III use by tne Brattleporo savings Dank,
tenn, and separate columns for deposits,
oans. expenses. interests received, ETC., SO
hat the entire transactions of the day are
hown at glance Its deposit-subec
heck system is kept in books similar to those
, nse in the Peonle,s National of Rrattleboro
~ " wy P ~ VI
when Mr. Willard produced the package OF ,
urpius casll. WIN no oates as 10 Wnen III came
lspector Mr. wizard gave MN to understand :
nat he bank had no cash book usually kept by
ank Is. TO snow the cash balances elcn nlsnt 80
ppear; also that there were no loan registers. d
thc Inspector nau looked through one OF the ,
l1es ne wouia nave 1ouhd an elegant Dook
adc especially for keeplng cash balances, ana
loan register also specially made for the pur-
use OF Keeping complete descriptions OF loans
necessary only TO save troupie III case OF loss
y nre or theit or 10 trace out interest recelpts
Ter me l9an was pala}, potn OF Wnch DOCKS
+ illard kept until about the tlme he com, |
enceu TO enter the interest receipts without {
iplanation. Also record of Western loans
ould nave been discovered Kept by MS prede- 6
ssor winch Mr. W Hard converted INTO prl- \
te directory for his own use. C
The auditors would rive due credit TO Mr. vii
rd He kent his books neatly and evidently thor p
ghly understood them The bank has prosper n
while he has been treasurer, but certain com.
risons with the past record OF the bank which H
has made seem to be so misleading as TO do "
rva a moments notice no cafers - tha e. e.
~ tha 1890 ho,.o rIn,,,,nd ,ith;,, ~ iact n
since he has been treasurer also that the sur NJ
us has increased from $40, 1865 to $5O,OS2 A.
d that there are now no bad debts. This last b
,tement is appreciated by tile finance commit F
. whose duty y y = .aecid" upon all applica- =
ms i9r loans anu u when committee one OF