Spirit of the age. [volume] (Woodstock, Vt.) 1845-1913, 1901-05-11
BosToN'S NEWEST BANK.
The American National Formally
Organized.

= matter Oh Importance uHu ptHeIul
interest In banking circles Is the for
nal organization this afternoon OF the
American National Bank of Boston,
an entirely new institution, In the sue
ceis of which many prominent men
are concerned. On April Is last an ap-
plication was filed with Charles G,
Dawes, comptroller of currency at
Washington. ID. c., for permission 10
incorporate this bank under the chos'
EN- name. This petition was signed by
five incorporators, rs required by law.
as follows: Edward l., Collins, Henry
Wells, 5. Il. Blanchard, William v.
Litchfed and William Gould As
stated in their application, the bank is
to Eave capital of 100000, made mp
Of two thousand shares of the par val
ue of 500 each.
Word having been received In due
form from the comptroller stating his
approval Of the project and its con-
formity to the required laws, todays
meeting, held at two o'clock at the
Office OF Edward l.. Collins, 17S Devon
shire street, was appointed to effect
formal organization. Nearly all Of
those most deeply interested in the
plans were present at Mr.. Collins
Office. The law requires that within
sixty days after approval of a project
of this kind, organization must be
brought about and at least half of the
proposed capital stock must be raised
within that time. Frank w. Dana was
chosen as temporary chairman today,
and he presided. w. A. Faulkner was
chosen as temporary secretary. The
board of directors is made up Of these
men: S. Il. Blanchard. treasurer and
general manager of the Suffolk En-
craving and Electrotyping company;
Henry Wells, cashier of the First Ma
tional Bank of Reading; A. II. East
man, vice-president of the Berlin Ma
tional Bank of Berlin, N. H.; w. A.
Faulkner, who formerly was the cash
ier of the National Hide & Leather
Bank; w. d. Dana, attorney, fremont
Building; W. d. Quimby of the Pierce
Quimby Pure Food Company; Ed
ward l.. Collins, whose bus-
ness in Devonshire street is
that of investments and loans; former
Representative James w. Grimes, at
torney, Court street; George l.. Clark,
son of former Sheriff Clark and a
dealer in real estate; George e. Mitch
ell of Mitchell. Dexter Il Co.. produce
dealers, Blackstone street: William II.
Thayer of the Smith-Thayer Heating
company; Nelson Curtis, paper manu-
facturer, RoXbury; Walter S. Parker a
supervisor of the Boston public
schools; William Il. Litchfield, lumber
dealer, Exchange place; L. p. Sander
son of the Il. p. Sanderson company.
dealers in iron, steel and heavy hard
ware, Beverly street: Henry Il. Hol-
den, leather dealer, South street: and
Joseph b. Horton, treasurer of H. II.
Tuttle company, retail boots and shoes,
Washington and Winter streets; Mer-
rick. A. Stone, treasurer of the Pneu
matte Mattress & Cushion company,
reading: Edward A. Carpenter of Car
pcnter & French, general store, North
Reading; Tenney Morse. bookkeeper of
the Fairbanks company scales, valves
and mill supplies and George Il.
Quimby. real estate and loans, 80 Con-
lress street.
Following the organization of the
board of directors came the election of
officers. resulting as follows: Presi
dent. S. e. Blanchard; vice-presidentF,
Henry Wells and A. II. Eastman; cash
ier, w. A. Faulkner. The bank expects
to begin business about the first of
June, although this will depend in a
measure upon their ability to have
needed currency engraved by that time.
The bank will be established in the
siX-story Rand & Avery building ut
the corner Of Federal and Franklin
streets, the place formerly occupied by
the Hartford Life Insurance company,
on the corner opposite the store of
Jones, McDuffee G. Stratton company.