Vermont phÅ“nix. [volume] (Brattleboro, Vt.) 1834-1955, 1906-10-05
NO. 40
WITH 100000 CAPITAL
BrattIebOrO Trust Company Will
Be Organized at Once
viii Begin Business Jan. I In the Quar-
tiers Now Occupied by F. S. Knights
Shoe Store


tiers Now Occupied by F. S. Knights
Shoe store.
Plans have been perfected for the or
ganization of the Brattleboro Trust COM
pany with a capital of 100000, fully
paid in, and Il is expected that the insti-
tuition will be established and ready to
open its doors for. business Jan. l. In
banking rooms in the quarters in the
Brooks House block now occupied by
Fred S. knights shoe store IL the vault
and fixtures can be procured and put in
place by that time A bill for the char
ter has been carefully drawn and will
be presented in the legislature at once
by Representative e. w. Gibson. The
following will be named as incorporators:
A. b. Clapp, o. M. Lawton, J. L. Stock
well, George A. Eels, ]. l.. Martin, NJ. ].
Moran, O. A. Boyden of Brattleboro;
]. A. Muzzy of jamaica o. r. Randall
of Chesterfield; G. s. Howe of Hinsdale;
George s. Foster of Putney; DR.. George
II. Gorham of Bellows Falls; ]. w.
Melendy of South Londonderry; L. H.
Higgins of Newfane; John E. Gale of
Guilford.
The charter will follow closely the lines
of the one granted to the Bellows Falls
Trust company in 1900. Seventy-five we'll
known business men OF Brattleboro and
nearby towns have signified their wish
to become stockholders of the company.
capital, and 1t is anticipated that the
capital stock will be oversubscribed the.
day the books are opened. The company
proposes to do a legitimate banking busi-
ness, subject to the laws of Vermont, and
to act as executors, administrators.
guardians and trustees. 1t is expected
that Charles A. Boyden will be treasurer
and John r. Ryder assistant treasurer.
Mr.. Boyden is teller and Mr.. Ryder book
keeper of the Vermont National bank.
The former has been connected with that
institution IA and the latter II years.
Both have a good working knowledge OF
the principles of banking, and both have
the confidence of the business community.
They have resigned their positions in the.
Vermont National bank in readiness to
begin work with their new venture.
The stock in Fred s. Knights store
was bought yesterday in the interests Of
| the proposed company and was sold to
Dunham Brothers, that firm having the
| option of using the store for few weeks
TO close out the stock. AS soon as the
store is vacated the work of fitting up
| banking rooms will begin.
The men interested in the project believe
! that Brattleboro offers an exceptionally
| good field for such an institution as the
| one proposed, and that it's establishment
will be in keeping with present business
| conditions and the healthy prosperity and
| progress Which the town is making.
Brattleboro as a banking community
| draws business from population of
| 35 5.000 and there are no banks outside the
| town within radius of 20 miles except
the savings banks at Newfane. Jamaica
and Wilmington. There is believed to be
an advantageous opening for an institu-
ton to handle trust funds and settle
estates. as there are very few individuala
who care to do this business
What the Brattleboro Trust company
may hope to accomplish is indicated In
the experience OF the Bellows Falls Trust
company, which began business Sept 2,
1902, with a capital of $4,000, or one half
the capital OF the concern here. The
statement of the Bellows Falls company
on June 30 last showed a surplus of $16,-
$3.50, deposits of approximately $40, 900,
and the stock is now quoted at about LIS.