Vermont phÅ“nix. [volume] (Brattleboro, Vt.) 1834-1955, 1906-12-28
OFFICERS OF TRUST co.
Arthur B. CIapp, President, and
Charles A. BOyden Treasurer

First Meeting Of Stockholders Of 5rattIe-
boro's New Financial Institution Held
at Banking Rooms Dec. 26.
The first meeting of the stockholders
of the Brattleboro Trust company was
| held at the banking rooms in Brooks
House block on Wednesday, December %,
at 10 a. M, when those present represent
| ed a total of S24 shares of stock OF
| holdings to the amount of $50, 400 The
following 10 directors were elected: A.
b. Clapp, o. NJ. Lawton, NJ. j. Moran,
e. w. Blodgett, G. A. Eels, E. w
Gibson, d. p. Dewitt and ]. l.. Stockwell
of Brattleboro; George S. Foster, Putney
o. E. Randall, West Chesterfield; g. s.
| Howe, Hinsdale; John e. Gale, Guilford
| Adm F. Miller, Dummerston r. A.
Melendy, South Londonderry; G. H.
Gorham, Bellows Falls.
Immediately after the meeting of the
stockholders a session of the directors
was held resulting in the choice of the
following officers: President, A. B. Clapp;
| vice president o. NJ. Lawton; treasurer
Charles A. Boyden; assistant treasurer,
John r. Ryder; bookkeeper, Ray L.
Greene; executive committee, A. B. C1app,
o. E. Randall, NJ. j. Moran, E. w. Blodg-
ett, John Z. Gale; auditors, Martin A.
Brown of Wilmington, L. d. Taylor, and
Fred w. Putnam of Brattleboro.
The directors voted to conduct two
departments, one for checking and COM
| mercial accounts and the other a savings
bank department paying interest at the
rate of Sh per cent per annum. COM
pounded semi-annually, April and Oc-
tober 1. Interest on deposits in the savings
| department will begin the first day of
each month and in the quarterly months,
January, April. July and October depos-
its made during first five days will draw
interest from the first day. The institution
will also act as administrator and ex-
ecutor in the settlement of estates, and
as trustee and guardian. Safety deposit
boxes will be rented and large space
will be available In the vaults in the
cellar for the storage Of such valuables
as silverware, plate etc The capacity
of the storage vault is IL x 10 feet, wall
measurement
The vault for the banking rooms, made
by the famous Herring, Hall, Marvin
Safe company of New York, was shipped
in two carloads Friday from Hamilton,
Ohio The two doors and the vestibule
on which they rest will have a total
weight of 10000 pounds. assuring COM
plete safety from burglary or fire. The
outer door of the vault will have double
combination time lock and the inner
door a double combination lock.
The fixtures for the banking rooms
will be furnished by the Rochester Show
case company of Rochester N. Y,
the contract calls for the compile
tion of the work of installing them on
January TO- and the banking rooms will
be open for business on or about that
time.
The directors have an announcement
in another column in which they state
that the shares of the trust company
have been distributed and allotted and
that the whole amount unpaid on them
will be due and payable at the banking
rooms on or before Saturday, January
5, and the shares of each stockholder
emitting to make payment will be for
feited, together with all previous pay
ments made thereon.
The Brattleboro Trust company starts
under highly favorable auspices. 1t is
fortunate in its choice of officers, who are
strong and representative men, their
strength lying not only in their financial
rating, but in their ability and judgment
in the handling of affairs. The company
has 110 stockholders and the stock was all
subscribed in the first hour that the books
were opened. This shows extensive inter-
est and confidence in the new company,
which will undoubtedly fill an important
and permanent place in the business life
of the town.