The Newtown bee., 1900-11-16

Roberts, Albert N. Bald win, James Hine, w. J. Starr, A. B. Mygatt. Shel- don Blackman, Jehial Williams, Noble 8. Bennitt, Albert Pickett, Daniel Marsh, William B. Green, c. Fl. Booth, John s. Turrill, Isaac aine, Levi s. Knapp and Charles Randall.
 In May of that year the charter incor- porating the New Milford Savings bank was granted. Eli Mygatt, Sllas Erwin were authorized to call meeting of the corporators by written notice.
 The first meeting was held in the law office of J. 8. Turrill on Saturday, July 17, 1858, for the purpose of organizing savipgs bank under the charter, electinR officers, making bylaws and to dc all other business necessary to complete the organiz stion of the New Milford Savings bank and to put the same into operation. There being majority of corporatorf present, Jehial Williams was chosen chairman and c. H. Booth, clerk. A committee consisting of D. c. Sanford, J. s. Turrill and Sheldon Blackman was appointed to draft bylaws. The meet ing adjourned until Saturday, July A 1t which meeting the by-laws propot ed by the aforesaid committee were amend ed and accepted.
 Off, oers were then chosen as follows Eli Mygatt, president; Silas Erwin, vice president, and J. $. Turrill, secretary and treasurer. The board of directors chosen consisted of Charles Randall, Sheldon Blackman, James Hine, Noble s. Bennitt and Gerardus Roberts. The treasurer gave satisfactory bond and it was voted that the bank be then and there open for deposits.
 The first deposit was made on August C9 1QEQ hw no0rnn Rnnth oY Ynn fod to $49. Deposits came in very slowly for several months. The first semi annual meeting of the bank was held March 31, 1859. and then 1t was voted to pay dividend of per cent on April on all deposits entitled to 1t. The total deposits at that time were $11, 1,271,4 That amount was invested in real estate loans, $4, ,590. personal loans. $640, Tow1 of New Milford notes, $1 400, ard also s note of the First school district, $795 There were then 125 depositors and the was $4OO.
 The first annual meeting was held ip July, 1859, and Silas Erwin was elected president and Gerardus Roberts vice president. Levi s. Knapp was elected 8 director to take the place of Gerardus Roberts.
 On January l, 1860: the deposits had increased to $21 ,9l5 34 and the number of depositors had reached 216. At the semi-annual meeting held in April, 1860, the first surplus fund was created and amounted to $11.s1.
 The deposits now showed steady in. crease, with the exception of few years, when a very small decrease was made. January l. 1864, the deposits amounted to over $10O,OOO and the surplus to $1 ,113 O3. A dividend of 3.4 per cent semi.annually was paid until October, 1867, when 1t was increased to per cent During this time Sheldon Blackman was elected vice president and William J. Starr was elected 8 director. Later Charles Randall was elected vice presi- dent to take Blackman's place and Al. bert Pickett became . director. Tbree new corporators were also elected, Will liam Roberts. Samuel Smith and Lucius Benpitt. William Roberts was soon elect ed director to take the place of William J. Starr, resigned.
 At the annual meeting in July, 1868, the treasurer reported chat the bank