The Newtown bee. (Newtown, Conn.) 1877-current, 1898-10-28

Toe annual meeting OF the Newtown
Savings Bank was held at the banks of
tiGe Ia n ewtOwn Street on Tuesday after
noon. There had been rumOrs on the
y rect that there might be radical chang
es, and chat Ia iu1J what happened at
the meeting. Charles II. n IrGnrop, who
has been treasurer of the bank foe the
past 10 years or more, was deposed and
Arthur Il. Nettleton was elected TO his
place as treasurer of the insCicuf ion.
The meeting was called for o'clock
In the afternoon and promptly on the
hour all the directors we're on hand to
take part IN the proceedings. An
Informal ballot was first taxed, which
resulted In the choice of all of the old
directors with the exception OF John j
NnrthrOp. A formal ba lot was then
called FOR, with the same result, that the
old board were re-instated for another
year with the one exception. This left
two vacancies TO IN, as DR. Judsou, who
was director during the latter part of
his life, passed away during the year.
IL took 3 me considerable Oalloting to
secure the other directors, but finally
Hobart II. Curtis and Frank Wright
were elected to the vacancies.
The bOtrd being co nplete, the ballot
ing Tor officers was next in order. Aaron
Sanford was elected to the presidency OF
the bank, he receiving eight votes to
John b. Peck three, ID. G Beers three,
and succeeds John b. Peck. Daniel
g. Beers, David Q. Peck, aud
Philo Nichnls were elected vice
presidents. The contest over the treas
urershp resulted In nine votes for Mr.
Nettlstou, M NOrthrnp receiving six.
Henry G.. Curtis was elected secretary,
receiving 10 votes. The 10 ming c)m-
2 p ~. mi ma Of
-. G.. Peck, g. Il. Taylor and ID. G..
Beers. The regular auditors elected
we're K ebert Clark and A bel PfindlP, and
In addition two auditors were chosen
from amO < the directors. Thew were
Theron f. Platt and Frank Wright
the aCtiOa nt the directors in dropping
Treasurer Nurth'Op is not altogether q
surprise, as thera was something of q
contest regRrdir z His election, last year
) lme OF the dir CL0rs were opposed to
him fDr various reasons, and this led to a
division Of the directorate Of the bank.
With the election If new directors, last
year and this year, who we're opposed to
him, the Opp0aiti m WAS strOnR enough
to unseAt him and cleo Arthur L. Nettle-
ton to the place. Nc Nettleton is a
young man OF exempt try character, and
we'll known here In Nawtown. For the
past wear be hNs been connected with
Edwin l.. SChOteld, cOmmlsF Toner of
building and loan associations for the
Safe, and "a very heartily endorsed by
Mr. Schoheld, NOT only for his unimpeach-
able character, but "a an expert account
ant and for good soHnd business Judge
ment. M NpCtlaton arrived in New
town on Wednesday, aud will qualify
for his new work at once.
The board OF directors, "a 1t stands
this Year, /, composed OF the following
gentlemen: Aaron Ssuf ,rd, Philo Mich
0ls, DNnieI G. Beer', David c. Peck,
John b Peck, Ho}ea B. Northrop,
william N. Northrop, Charles II. North.
op,Cvrus b. sherman, Corraliu B Tay-
lDr, Henry G.. Gu -tis. TherO1 f. Plat,
John b. Wheeler, william B )tsfOrd,
Hobart II. Curtis, F-ark Wright. The
Newtnwn savings bank has deposits OF
over 5000 900 aC the present time and
has a ways pri wed the reputation as be-
ing one OF the 8 Ife and substantial saw
ings institutions of the state. and there
ia no doubt but that the new manage
meDt will see tn It thst It certainly loses
none of its former p~estige.