Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1909-06-28
President Maxcy Gives
Dinner to Corporatofs
Of Gardiner Savings Instltu.
ton on 18th Anniversary.
Associate Justice Albert N. Spear
POSTMASTER of'0ceasIon.


upon the occasion of the 18th anniversary
of that institution. The banquet table
was prettily decorated with flowers and
the menu, which was excellent, was serv-
ed in Landlord Douglass finest style.
Covers were laid for %.
Seated at the tables were President Jo-
siah S. Maxcy, Treasurer Henry S. Web
ster, Associate Justice Albert NJ. Spear.
Bank Examiner William b. Shelton and
Assistant Bank Examiner William G.
Ellis, Nathaniel G. Barstow, Frank f.
Boston, Edwin l.. Russell, Oliver B. Cla-
son, Sidney G. Decker Henry Harrington.
Robert II. Gardiner, Charles II. Gray.
Hartley w. Jewett, Charles A. Knight,
Herbert NJ. Lawton. Weston Lewis. Will
liam f. Maxcy Ernest w. Morrell. Ern-
est l.. Parsley. J. W. Robinson. George
L.. Rogers, Charles Q. Turner. Henry S.
Webster. George N. johnson, Major John
W Berry
Hon. Albert NJ. Spear was the toastmas-
ter of the postprandial exercises. Presi-
lent Maxcy in brief Introductory remarks
alluded to the age of the bank and the
changes which had taken place in the
;ity during the past IS years.
Mayor Charles II. Gray responded to the
toast 1.-The City of Gardiner" and after
reference to the Gardiner of the present
lay entertained those present with de-
;cription of the Gardiner of Is years ago
The history of the institution was briefly
sketched by Judge Henry S. Webster. the
treasurer of the Gardiner Savings Insti-
tuition. Judge Webster said in part:
The act of incorporation of the Gardi-
ner Savings Institution was passed in it's
final form March Z. 1884. 1t contained the
names of Robert Hallowell Gardiner ia
,ob Davis Frederick Allen, Parker Shell
ion. Silas Holman. John Stone. Henry
3. Hoskins. Benjamin Shaw. Ebenezer F.
Deane, ID. l.. Milliken and Daniel Nut
ting. Preliminary meetings were held on
the 9Th. 9TH and 18th of June at which As
at the time of organization there were Sc
,orporators. The meeting of June 18th
when the organization was completed
was held at the office of Robert Halo
well Gardiner. He was chosen president
and continued to hold the office until his
Heath nearly 80 years afterwards. The
succeedings presidents have been Henry
p. Hoskins. Robert Thompson. William
Palmer. Weston Lewis. Isaac J. Carr
George L. Rogers and Josiah S Maxcy
The offices of. secretary and treasurer
were then distinct and Mr.. Hoskins was
Effected to the former office He was sue
"ceded in 1898 by Daniel Nuttng who
served until 1867, when the two offices
were consolidated by law. The first meet
ing of the trustees was held July and
Ansyl Clark was then chosen treasurer
His successors have been Henry r. Hos
kins, James +. Patterson, Joseph Adams
Joseph S. Bradstreet. Weston Lewis and
Henry S. Webster. The first board of
trustees I'm addition to the president con-
sisted of Peter Grant, Edward Swan Ar
thur Berry. Enoch Jewett Richard Clay
Dennis Ryan, Alfred G. Lithgow. George
Evans. Henry B. Hoskins. Henry Bow
man. Jacob Davis and George w. Rachel-
Ter. In 1894 when the bank was founded
the area of Gardiner was more than
double what it is today, and it's popula-
ton was not far from 1000. The institu-
ton at first was open but one day in IA
week. from II to 1 o'clock The first
treasurer's report. dated Jan. 90 1885.
states that there were then &c depOstors
If whom ~ were minors. From this hum
BILE beginning has sprung an institution
which today owns more than s2.SO0000 in
actual property and has upon its books
the names OF. nearly 1000 depositors. REPRE-
seEting the' largest single accumula fion
Of capital in Gardiner and one of the
largest in Kennebec county.
Our institution has a history written
at large on the pages of its journals and
n 1910 tho 6onpCt :
were s13.643.14. The increase in deposits
from Jauary 1910 to January 1850 was s207-
21s.OS: from January 1860 to January 1880,
fa45. S37. IL; from January 1880 to January
1890 S1157 Gal. "a: since January 1900. 1858.
257 SIS. of which $4,000 has accrued during
the past year. The number of its depos-
itors in 1867 was 1921; in 1870. 1880: in 1880,
2SOf: in 1890 5aS6; in 1900. 6113; in 1908. 6S52.
It has received i'm deposits since it be-
gan to do business $1705l sos 81 and has
paid in dividends $1,000 27s.S4. 1t has paid
in all 1871 corporators. of which 81 have
been trustees
Interesting sketches of the founders
and trustees of the Gardiner Savings In
stitution were presented by Weston Lew
is He spoke at some length of Robert
|Hallowell Gardiner, the first president,
Henry b. Hoskins and Robert Thompson
and also mentioned David Dennis San
ford N Fogg and Francis G. Richards.
Robert Hallowell Gardiner of Gardiner
grandson of the first president of the in
stitution, spoke upon "The Benefit OF
lSavings Bank to a Community He stat
ed that savings banks testified to thrift
and power of initiative. two great eie-
mcnts underlying a successful democrat
lev. Duties of a Corporator was the
subject assigned to Hon. Charles "A
Knight, and he declared that the cor
lporators should elect the trustees WIFE
care and take a personal interest IN ths
affairs of the bank if they were to MAKE
lit successful.
The last speaker was Bank Examiner
William b. Shelton of Lewiston Mr
tSkelton began by speaking of the strength
Iof the Gardiner Savings Institution an'
the good reputation it has in bankiht
lcircles. He referred to the fact that D
Iper cent. of it's investment is in munlcipa
bonds, which spoke well for its manage
ment. Continuing he spoke OF the cary