Windham County reformer. (Brattleboro, Vt.) 1901-1906, 1906-10-05
NEW BANKING INSTITUTION
BRATTLEBoRo TRUST COMPANY
TO BE ORGANIZED SOON.
Bill Asking for Charter to Be Intro
duced in Legislature Immediately
Institution Will Begin Business on
Strong Financial Basis.


Brattleboro IS strength MS a banking
center will be greatly increased soon
by the formation of a new financial IN
stitution TO be known as the Brattle'
boro Trust company. The corporation
will be organized as soon as blll
granting it charter has passed the
present legislature, and such a bill VIII
be introduced today or tomorrow by
Town Representative Ernest W. Glib
son. The new company will be capital
lied at 100000 with the following list
of incorporators: A. b. Clapp, o. NJ.
Lawton, j. l.. Martin, NJ. j. Moran, q.
4. Eels and c. A. Boyden of Brattle-
boro, j.. 4. MuZzy of Jamaica, j. Il.
Gale of Guilford, q. y. Howe of Hins-
dale. n. H., l.. II. Higgins of Newfane,
J. W. Melendy of South Londonderry,
George S. Foster of Putney, j. l..
Stoekwell of West Brattleboro, o. h.
Randall Of Chesterfield, n. H., and G..
II, Gorham of Bellows Falls. Its pro-
posed charter will give it the power to
do general banking business, to act
as executor and administrator of es-
tates and to handle trust funds.
Charles A. Boyden and John r. Ryder,
both of whom are financially interested
| in the project, will act as treasurer and
assistant treasurer respectively.
Mr.. Bovden and Mr. Ryder have re-
signed their positions in the Vermont
/ National bank and will leave that in
stitution as soon as their successors
are chosen. The new company Will
I have quarters in the store now occupied
/ by Fred ;. Knight. his entire stock
having been purchased and sold to
/ Dunham Brothers. The store Will be
thoroughly equipped with modern
/ banking fixtures, and il is the eXpecta-
/ ton of those interested TO be able to
begin business by January |. AS soon
AS the charter is granted the company
/ will open its stock-b book, and present
/ indications are that every share will be
subscribed within a very short time.
/ The Brattleboro Trust company will
start its career on a sound financial ba-
sis and with the support OF practically
every business man in town. II is the
purpose of those interested i'll the pro-
/ iect to have the management of the
company placed in the hands OF the
business men in general and to conduct
/ its affairs on a broad business pollcy.
Both Mr.. Boydcn and Mr.. Ryder are
particularly well fitted for the posi-
lions they will hold in the new com.
panv. The former has been connected
I with the Vermont National baGk foi
the past II years, having held the po,
sition of teller since--1902. Mr. Ryder
has been in the Vermont National bank
for nearly 12 years and since 1907 has
held the position of book-keeper. Both
vOung men have the fullest confidence
of the community, and their long eX'
perience in banking methods will he OF
great assistance to the enterprise in
which they are to take so active part
Many of Brattleboro S wealthlest and
most influential citizens in addition IL
those named in the list of incorporates
will be financially interested IN the
company, and its establishment ough'
to prove a large factor in the develop
ment and growth of Brattleboro anc
the adjacent territory.
The Bellows Falls Trust company, tC
whose charter that of the BratteborC
company will be similar, began business
Sent. .. 1902, with a capital of SoO,OVO
and its statement of June 30, 1906
showed a surplus earned of about ST.
600, the deposits being $4,000 at thai
time.
Brattleboro is particularly well situ
ated as a banking center, there beng
no other banks within a radius of =
miles except the two savings lnstitn
tions in Newfane and Jamaica. 1t Il
estimated that between 10000 and 40,
: OO0 people do more or less banking
business in this town. The new trus
company will do a legitimate BANKING
business with deposits subject to cheei
although the exact policy cannot D.
determined until the officers are elect
ed. The important features OF tn
J charter will be published in mex
weeks issue of the Reformer.
: The Ladies' Enterprise society VII
) meet with Mrs F. P. Hopkinson,
Cherry street, next Wednesday after
roon at > o clock instead of 4 as Their