Orleans County monitor. [volume] (Barton, Vt.) 1872-1953, 1914-03-18
Orleans News Page
News and Views from this
Hustling Village
AaaiONa\ News, Page HaN S. Wehser, 2cca\ Sol sov
NOW IN ITS new HOME

NOW IN ITS new HOME
Central Savings Bank and Trust Com
pany Celebrates Its Ninth
Anniversary.
Any bank may have a birthday. but
not every bank can point to such
record of service, safety and efficiency
as has been enjoyed by the Central
Savings Bank and Trust company of
Orleans. The bank was organized in
March, 1905, and on it's ninth anniver-
sary moved into its new home which
is one of the most up-to-date banking
houses in Vermont, if not in all New
England. outside of the large cities.
On it's opening day nine years ago it
had resources of little over $50. 900 :;
at the end of it's first year it's resources
had become about S125, 900: at the end
of the third year they had become
somewhat over $3.50, 900; at the end of
the sixth year little over $3.50, 900 and
on the day it moved into its new quar-
| ters its resources were over $500. 900.
1t now has a capital, surplus and
| shareholders liability of over S87. 900,
above the amount of its deposits,
which is held as a guaranty to deposit
Ors against loss. In other words, for
every dollar of deposits the bank now
has fund of 81. Ii with which to meet
them. It now has outstanding loans
| aggregating more than S675, 900, and
| yet it's item of interest six months
overdue on the date of the last report
to the bank commissioner was S4l. SO.
| The bank had on that date no real
estate acquired by foreclosure and no
| loans in process of collection, which
indicates the diligence and good judg-
ment of it's directors in loaning the
funds of the bank. and security afford
| ed it's depositors against loss by poor
| loans.
| In the nine years of operation no
officer has been removed except by
death. None have resigned or moved
away and every one of it's officers is
now closely identified with the bust
ness interests of Orleans county The
officers are as follows: President, J.
G. Turnbull; vice-president, G. D.
French; treasurer, r. A. Bean; assist
ant treasurer. J. Dean Corley. The
board of directors includes the presi.
dent and president, C. S. Skinner.
w. G. Twombly and q. B. Rowell of
Orleans, J. M. Wyman of Bloomington
and r. M. Cowles of Albany.
The new bank building on the site of
the old Buchanan store is model of
architecture and is easily the pride of
the village. It was designed by Frank
L. Austin of Burlington who gave
most careful attention to arrangement
and detail. The design was made with
! an eye to beauty as we'll as convenience
for officers and public. The erection of
the building from plan to finished
product was in the hands of the Spear
Brothers, contractors Of Burlington.
Parts Of the construction work were
sublet, but the responsibility was
assumed throughout by Spear Brthers
The finish for the entire building was
milled in their plant at Burlington and
is Of the finest workmanship. The
directors of the bank feel that the
general contractors have been very
thorough and painstaking, and have
given them first-class work throughout
the building. The cement work was
sub-let to NJ. A. Bundy of Burlington
and the plumbing throughout was done
by Whipple, French & Company OF
Orleans. ~; - - -------
The banking rooms which occupy
the entire street floor are finished in
birch mahoganized. plastered with
Kings Windsor cement, and foored
with red Swanton marble. Every
convenience possible in the way OF
desks, private booths, telephones ano
safety deposit boxes has been provided
for the use of the public. The two
large vaults are absolutely fire proof
and contain many tons of railroad iron
and cement. The main vault in the
banking rooms is burglar proof as well
as fire proof It was constructed
especially for the bank by the Mosler
Safe company of Boston it is steel
lined and affords the best of protection
for the funds and securities of the
bank as we'll as the safe deposit boxes
public The door alone weighs about
five tons. yet the mechanism is Sc
perfect that a small child can easily
swing the doors. The second floor is
finished throughout in North Carolina
pine, and is occupied as Offices by
Skinner. French & Company and Harry
Dickens. The library trustees have
engaged three rooms for the public
library and reading rooms worthy OF
the village.
The Bank moved from it's temporary
quarters in the Webster block into it's
new home on March 9, and throughout
the day the entire bank building was
thrown open to the public. The direc'
tors were in attendance and conducted
the visitors over the building and the
directors wives had prepared refresh
ments for all, which were served in the
library rooms on the second floor
During the day about five hundred
people visited the building and regis.
tered their approval of the institution,
its designer, and it's builder.
Retort Courteous