Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1903-04-18

Ten years ago the city council au-
thorzed the revision and consolidation
of the charter and ordinances ;of the
city of Augusta, and the work was
carefully performed by Hon. Leslie c.
Cornish and Frank T.. Southland, ESQ.
1t has recently been suggested that a
new revision should now be made that
shall contain such changes as have
been made in the laws governing the
city, and in addition such summaries of
all State laws as may define and pre-
scribe the duties of all city officials
There are many statutes in existence
which apply to the official duties of
mayors, treasurers, solicitors, assessors
and the like which are not generally
known. carefully prepared compila-
ton of these statutes or such of them
as apply in a general and specific way
to Augustus officials, would be of great
assistance. The general laws of the
State specifically define the duties of
boards Of aldermen and common coun-
ellis, acting separately and Jointly, and
these duties should be clearly set forth
il TIE revision which may be made
L. nC:scnncl of city governments may
c"dnSe at any time, and a manual
showing just what the duties of mem
b,rs are would be invaluable The
law OF the State has recently been
changed relating to the commitment of
persons to the insane hospitals, and
this change, with others of equal i'm
portance, should be incorporated in a
book for ready reference at any time
The city government is likely to con-
slider the question of publishing 4 char
ter revision in the near future.
In another part of the Journal, this
morning, will be found a statement of
the condition of the Kennebec Savings
bank of this city, as it existed on the
10th day of March, 1905. The statement
shows most gratifying increase in the
reserve fund of the institution and
substantial gain in the resources of the
bank over and above the liabilities for
deposits. earned dividends and State
tax Nearly one-quarter of these
resources are public funds. which pay
a fair rate of interest and which are
strongly protected by every possible
safeguard. Another large slice of in
vestment comprise railroad bonds of
the State of Maine, which are worth
very much more than par and which
are recognized among the most valua-
bic securities in the State. The list
includes among others bonds of the
Bangor 4 Aroostook, Boston & Maine,
Maine Central, Portland & Rumford
| Falls and Somerset railways. These
two classes of resources amount to
nearly one-haf of the State resources
of the bank. The National bank stool,
owned is another important item
representing as it does ownership in q
Of the most flourishing banking in
character of the resources of the
kennebec Savings Bank ranks with the
| highest of similar institutions The
trustees are among the citys most
substantial business and professional
men, including Hon. NJ. V. b. Chase
who is the president; Hon. w. p
Whitehcuse. assistant justice OF
Names Supreme court; Hon. H. M.
Heath, one of the leaders of the
Maine bar; Hon. Geo. E. Macomber
Hon. John w. Chase, DIR. F. G. Kins.
man. 7. ], Lynch, Esq. and NJ S
Holway, Esq.,, all of whom stand high
| in business and financial circles
w. G. Boothby. who has long been the
efficient and competent treasurer, is
alive to the best interests of the in
stitutions and attentive to the wants
of the patrons.