Putnam patriot., 1914-08-21

a speedy solution of the difficulty as it is in line with what the commissioners suggested. The number of corporators was increased from seventeen to twenty-siX and the board of trustees from nine to fifteen. The personnel of both bodies was chosen from a list of names submitted by the commissioners after careful inquiry; and deliberation and it is confidently believed that the representation of successful business men will assure the confidence of the depositors and the banking communi- ty. The bank has about s150,O00 in funds available for making loans and it is probable that this money will be loaned locally on approved mort gages, passbooks and to surrounding towns so that it will help 10 increase the amount of income of the bank.
 AS for the m alter of the open ing of the bank for the regular course of business nothing definite has been stated at this time but the public may rest assured that the outlook is now brighter than at any time since the bank was restrained by the commis- sioners from doing business and the final satisfactory outcome of the trouble is now only question of time.
 President Chester E. Child
 Chester F. Child, the newly elected president of the bank, who has already assumed his duties, is one of Putnams successful and prosperous business men. His business dealings take him into all parts of the surrounding coun- trv and his ability and efficiency have been recognized by his business asso' eiates and men in similar line of bus mess who have honored him by choos- ing him to represent them when mat ters of importance to the lumber ln- dustry have come up.
 MT Child was born in North Wood stock F years ago. lie removed to Putnam W hen young man and grad mated from Ithe Putnam High school. After graduation he entered the First National Bank where he remained nine years. Desiring life out of doors he left the bank and engaged In the lumber business buying timber lots and entting the lumber oil. His deal ings. small at first, continually expan- ded and he was successful from the start. He organized and incorporated the ChildLumberCorpor of Wnlch he is president and treasurer. Ihls concern is one of the prominent manu- facturers of Southern New Englanu lumber and cuts and markets several million feet of lumber ,tiesi e,yeaIly.
 The buying of timber land IS looked after personally by Mir. Child and ne has thus become familiar with proper tv values throughout the county ana beyond which will be of great value to him in his new position. lie IS recog- nized as one of the best informed luin- her men in Southern New Eng lanu to- day and as evidence of thisa he was elected president of the Lumber Man ufacturers' Association of southern New England when il was organized some three wears ago and continues 10 hold that important oii1ee. man whose business career has been one of success from the start brings 10 tue bank a knowledge Of business affairs that is an important requisite 10 Mho- ever holds such an important olilce- The fact that that success has been re- alized and recognized within the bank ing community will go far towards re- storing confidence in the institution Itis believed that the choice of MT. 1.hiId as president of the Putnam Saw ings Bank is extremely acceptable 70 me depositors and the entire pAnking community.