The news-democrat. (Providence, R.I.) 1906-1909, 1908-01-15
LOCAL BANKS
HOLD ELECTION
Of OFFICERS

President Royal c. Taft OF the AIer-
chants National bank OF this city. at the
annual meeting Of the board OF directors
yesterday, declined a reelection 10 the
office he had held for 40 years. lie was
e-elected a member or the board OF drec-
tors. which adopted resolutions thanking
the retiring president for his administra-
tion OF the banks affairs.
Edward ID. Pearce or this city, who has
been prominent in the financial life OF the
city for many years, Is the new presi-
dent.
The stockholders elected the following
directors: Royal c. Taft, Frank T.. Rich
mond. Samuel r.. Dorrance. John w.
Danielson, Edward ID. Pearce. George NJ.
Smith. Lucian Sharpe. Horaio n. Camp
bell. Robert w Taft, Herbert ]. Wells,
Charles IL. Newell and William Il. Nc
Bee. Messrs. r. w. Taft, Wells, Newell
and McBee are new members. Frederic
c. Sayles declined reelection as a mem
ber OF the board. The directors then
elected the following: President. Edward
ID. Pearce: vice president. Samuel r. Dor
rance; cashier Moses ]. Barber; assistant
cashier. Frank A. Greene.
The Mechanics National bank stock
holders yesterday reelected the following
directors. James H. Cnace, Henry +.
Lippitt Johns IL. Congdon. Charles c.
Harrington, IL Martin Brown, Cyrus Il.
Brown. Fenner III. PecKham. The dfrec-
tors elected the following officers: Presi-
dent. James H. Chace; vice-president.
Charles c. Harrington; cashier. III. Ed
ward Thurston; assistant cashier. Henry
b. Congdou. Mr.. Congdon is new Of
ficial who comes to the Mechanics from
the Industrial Trust company, OF which
institution he has been assistant secre-
tary for a number OF years. Mr.. Cong
don will retire from the latter position
and take up his new duties In Few
days
The Blackstone Canal National bank
reelected It's old board OF directors. as
Hinckley Frank w Matteson, Daniel
Beckwith. Edwin NJ. Dodd, G. Moulton
Stone. Charles II. Merriman. Jr..
The directors chose the following oni-
GERS: president. William Ames; vice.
Westcott: teller. Albert r. Plant
Tho Providence National bank held It's
annual meeting OF stockholders and an
nual election of officers yesterday with
the following result: Directors. X l..
Gammell c. W. X. Matteson, John Car
ter BroDn sns0o MoedT " Milia% Goddard Jr
Edward f. Child; president. r. I. Gam
nell: cashier a. r. Matteson.
The stockholders voted TO amend tne
articles of association so as TO reduce
the par value OF the shares of capital
stock from 500 to 500 and TO increase the
number of shares from 1850 TO 5000. ar
ranging to issue the increased number OF
shares proportionately TO the present
stockholders.
The United National bank stockholders
elected the following directors: Charles
Warren Lipptt. William A. Leete Eo-
ward A. Loomls, John r. Gladding, Jo-
siah w. Crooker. Charles Sisson, VIII
| liam A. Copeland. William IL. Perry,
Fred l.. Smith. Henry ID. Tfeydon, Frank
| w. Gale, Albert III. Sayles; Everett l.
| Doaers Harold 7 Gross John ID. Lewis.
| Arthur w Clafin. Mr. Clafin is new
| and additional member OF the board.
| The directors reelected the following
| president. Frank w. Gale, vice-presidents,
| Charles Warren 5.ipptt; Josiah w
Crooixer. John ID. Lewis; cashier wal
! ter G. Nye.