The sun. [volume] (New York [N.Y.]) 1833-1916, 1898-02-13
rnrnn 20 DO aUonun.
A neesra Hreahtus Rvrut IN ths nistssy sr
she chester Bastsnni BanhL


cursrrR. N. Y. Feb 12.-The last regular
monthly meeting Of the directors OF the Chester
| National Bank had to Be adjourned for want OF
a quorum. In the case Of ordinary banks such
n thing might be considered, q trivial matter,
Init the Chester Natiopal Bank IN not an or
| binary bank. and this lack OF Q quorum was an
event In Orange county. The Chester Bank was
founded in 1s45 by the wisners. the Seeieys,
the Duriands, the Townsends. the sanfords, the
Btrts, the Demnrests, the Sayers, and other
solid farmer folk Of this part Of Orange county.
Descendants Of theirs have been officers and d.
rectors of tho bank 10 this day, and never before
In it's history did'a monthly meeting OF the
board fail Of o Quorum.
"Wby.r said an old farmer Of Chester. eff
Peter Townsend or Jesse Bull or Jonas Seeley
or Cornell Demarest or John Johnston or any
Of them oid-time directors and officers was here
to know this, seems to me they'd look around
expecting to zee the world coming to an endt'
The Chester National Bank Is the depository
for the dairy farmers. the onion farmers. and
the trotting hursp breeders Of all this rich por-
ton of Orange county. From it's start its Board
of Directors has been composed Of farmers. For
many years the board met promptly at 2 O'Clock
every Saturday afternoon TO examine into the
affairs Of the Institution, to see that nothing
had gone wrong. Tho bank has never had a
CubnICE " Nhbhu buI NAhoC VI Nv ~
wouldn't be willing to mortgage his farm nor a
| President that the board wouldn't trust with all
its individual wealth and take his word for tho
disposal Of 1t; but when the directors come to-
E gDsi;nn at the the . bank TO ns T,st fs fhsif 70 5fIs sa1s iii e fssir
individuality on the outside. They are bank
directors then. and they are there to direct.
Presidents word or statement for anything.
The cashier can't show them a package and say
there isies IL rs il 20 a %is the %G pSt e Sf into saen sS Sss safe sse Mi siSSr:
being asked to show IL mp. Every envelope Is
opened AN and a. its so contents ans s1 scrafini, end FStsd;
the till. Then the books are looked into and
| gone over with the same care, and they have to
Old farmers tell with a relish q story about
bank when he died a year or go ago, after hav-
ing been cashier more than thirty years. AT
ene os 't that tt't M ensh on hand did not orree
cents in tho cash box. and It could not be &C.
by each Of these farmer bankers. and every dol
lar OF the cash recounted, but still the 25 cents
search for the missing money the President OF
the bank. who had become weary OF the task,
sSid to the tbs board pssalt t Of som ms t l9s, d,s errar tSsy, T sss
he would put the missing o5 cents in the cash
Sei balanced al nss Dam and P the board ar t could a ADJOURN. '0"'a
Nc, sir!" insisted the watch dogs Of the
@ag Be something something else ss WI Mhs sS Sa i Hrf IS Il ' mud Il
be cleared up before this meeting a djournsi'
Six more times everything in the bank was
gone over again, everything counted. every
book examined. The sixth time the missing
quarter was found in n big envelope. where II
had lodged in some way under a loose flap. The
coin was turned ont on the table. counted in
with the cash. and the directors were satisfied,
They passed on and approved OF the acts Of the
banks officers since the previous meeting and
adjourned.
So the unprecedented fact that the Board OF
| niracfora NJ the Cheatar National Rank met this
other day and didn't have q quorum is an event
in the banks history.