Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1898-09-30

their intellectual keenness: how wise and
cool their judgment. how fertile their I'M
aginatiOn, dream of Augusta as she
stands today, equipped, mo1ernlze9 a. o M;t
which the great cities possess. she can
by telephone. talk nearly across the con-
tinent. and with her telegrapnlc eomH n.y.
has electric and steam cars. lights or
every modern kind, water power, manu-.
factories, improvements equal to those 81
brary, our city building, our charitable
institutions, the insane hospital, the city
hospital, the ST. Marks home for aged
women the Se bas Of as
tice. the Jail and the Capitoi represent
alike the intelligence, the public spirit.
the philanthropy. the patriotism, the love
of law and order, which is the character
Of the people of our State, and OF our
The past fifty years.-what have they
for Intelligence. for Christianity? What
has not transpired in the history OF the
world from 1S4S to 1898? 1t is my pur-
pose only to call your our attention TO the
Fifty years ago we were Just emerging
from the conflicts. the defeats. the
triumphs of the Mexican war; I es
The brilliant and magnificent victories
achieved by the valor of our citizens:
represented by the American navy and
army over the tyraany o 1d Dana as
governor Of Maine. approved the act o.
Incorporating the Augusta Savings BANK ,1is
BY which William Woarf t;,e Hen R,9e, VII VII.
Fred A. Fuller. William R. Smith, Lot
M. Morrill,, David Bronson; Alien Lam
hard. their associates and successors
were incorporated into body. polite by
the name of the Augusta Savings Bank
They were given great power. me thifn
section of the charter declared re a ahat o an
poration should be used as they shouin
Judge most for the benefit of said corpor-
ation, and the net income or proilts
thereof should be by them divided among
the persons making such deposits, their
executors, administrators or assigns, IN
inst proportions, and such deposits may
be Withdrawn at any reasonable uine,
and in such manner as saiu corPofa'ioi'
Acting under this wise, broad and lib
eral poiicy Of its charter, on the 29tn NO o.
adopted bylaws and prepared to iauncn
into the world as business institution
the Augusta Savings Bank: II decldeo
ident. secretary, treasurer and board 81
tr1stees which should be chosen annual
" nv ballot; that the board of trustees
should manage me n ama'Ts on on the Tues
dav next preceding the first "Wednesday
! IN February and August. and that specia
meetings should be called at the e pleasure
bv-iaw which 1t would be wei! to keep II
r,yind: "All money shall be invested ~
| the discretion Of the board, and no mem
Der Of the board shall ever DC oorro"'
II also declared that THE trustees. o.
thia institution shall never receive any
emolument therefrom,, but !. may ,e allow trsas
nrer. and such other officers as shall d
smInd necessary" And 1t required tina
tbs consent Of all the trustees presen
| should be necessary in all cases III man
nv whnt wisdom. what foresight. VIVA
| Woserva fism what grea. prudence! TIL
corner stone upon which TINS ins.i.utiO .,
has reached Its greatness. It's power am
| influence. The consent OF every trustee
| present shall be necessary TO make q
Investment! No. eniolument shaii D.
| na;S any trustee for services rendered a
ray tr,,stee No trustee shall ever be Dor
Starting under such rules and nnde
such principles Is sn .her ma a success
and stands today unsurpassed IN It's re
| cord? e,tv yeors opo tha
t imS rentiemen were elected associat
, ns Of the corporation by the me
4 who were created by the act incorpora
1S ''s,.r wi William x. Brooks. Thomas Lii
James 4 Thompson Dan Daniel w W'l NAM
Alireu Arthisr. Joseph P. Dillingham;
Iohn Poftsr. william Pillsbury. Jon
Fisher fi Geo. w. Morton. Jos; r. Abbot Of,
H enry and William Woart was electe
tha first nresident. and Benjamin A. &
t Finer its treasurer and secretary. TIL
Augusta Bank was selected n as me ~ pan y
ixn.,,s.,.ta Sayines Bank. afterwards II
Hrsnite hank was selected then II