The Scranton tribune. [volume] (Scranton, Pa.) 1891-1910, 1897-11-27

The banking interests Of Scranton
have necessarily kept pace with the
other institutions, and some or the
foremost establishments of the country
are today situated within its limits.
Within the past few years the stock or
all OF the banks in Scranton has In
creased beyond the expectations OF the
most sanguine, and the effect OF con-
servative management is recognized
everywhere as the cornerstone of the
success of the banking institutions OF
the Electric City" ,s
The facilities of the city banks for
coping with financial emergencies have
been increased by the organization OF a
Clearing House association. The banks
and trust companies of the city effected
this organization on November IA, 1898,
and the scheme has been very salts
factory in accelerating business in the
matter of daily exchanges.
The First National bank of Scranton,
located at the corner of Lackawanna
and wyoming avenues, was one OF the
first National banks organized In the
state. 1t was incorporated In 1863. The
capital stock Is 100000. The executive
officers are James A. Linen, president;
Isaac Post, cashier.
The Third National bank was orig
inally established March l, 1872, and
commenced business April Is, 1872 The
capital stock is 100000. Mr.. Alfred
Hand was it's first president. The pres
ent officers are William Connell, presi-
dent; Henry Belin, jr., vice-president.
and William II. Peck, cashier.
q
at the corner Of Wyoming avenue and
Spruce street. was organized in 1890.
This bank has a capital stock of $780,
600, all of which is paid In. The Off
GERS of the bank are: John T. Porter,
president: w. w. Watson, vice-presi-
dent, and f. L. Phillips, cashier.
The Merchants and Mechanics bank,
located at 420 Lackawanna avenue, was
organized and chartered under the
state banking laws of 1869. The au-
thorized capital stock of the bank is
s250,O0O. The officers are: James ].
Williams, president; A. J. Casey, vice.
president; c. w. Gunster, cashier.
The Lackawanna Trust and Safe De-
posit company Is located at 40i Lacka-
wanna avenue. This company was or
ganized in May, 1887. Its capital stock
is 100000. A prominent feature of its
business is that of its safety deposit
vaults. These vaults are constructed
after the most modern improved plans
and are secured by every appliance
known that would be calculated tc
defy the ravages Of fire or resist the
attack of robbers or mob, and they
may be said to be absolutely fire and
burglar proof. The officers Of the com
pany are: William T. Smith, president
Henry ]. Anderson, vice-president, anC
John w. Fowler, treasurer.
Scranton Savings bank, 122 Wyoming
avenue, was organized in 1867. Capt.
tai stock, 100000. The officers OF tn,
bank are: S. B. Price, president; II
G. Shafer, cashier, and A. B. Blair as
sistant cashier
Dime Deposit and Discount bank o
Scranton, Pa, corner of Wyoming ave
nue. and Spruce street. This bank wa
incorporated in 1890 with a capita
stock of 100000. The officers are
Charles du Pont Breck, president
Reese G.. Brooks, vice-president; Harr!
c.. Durham, cashier.
Scranton Savings Bank and Trus
company, 42S Lackawanna avenue
This banking institution was incorpor
ated in 1873 with a capital stock o
$50, 900. 1t transacts a regular bank
ing business; also savings and dis
counts. The officers are: L. A. Wat
res, president; o. S. Johnson, vice
president; A. II. Christy, cashier.
West Side bank, 109 North Main ave
nue.. This bank was incorporated 4
1874 with a capital OF $4,000; does
regular banking and savings bushes:
discounts, etc. Its officers are:
Hughes, president; Reese G. Brooks
vice-president; A. B. Eynon, cashier
Thomas ]. Davis, treasurer.