St. Johnsbury Caledonian. [volume] (St. Johnsbury, Vt.) 1867-1919, 1914-11-18
VERMONT BANKS ORGANIZE.
The National Currency Association
Of Vermont Formed-St.
JohnsbuTy Honored.

OF Vermont FOrmed-St.
JohnsbuIy Honored.
The National Currency Associa-
ton of Vermont was organized Fri.
day afternoon at a meeting in Rut-
land y it'll total mem bership of 81
national banks, of which 10 were
represented at the meeting. The
purpose of this new organization
which has been advocated for some
time, is to allow its members to take
advantage of the emergency cur
rency. 1t is formed undo the cur
rency association oct of the United
States. The rule lis that each asso-
citation formed throughout the coun-
try must have assets aggregatine
100000 or more. The new as
ISOLATION has capital and surplus ag-
gIegating $5,394 .OO0.
: Fridays meeting was a short one.
The election of officers and commit
Aees Voc practically all the business
transacted.
he ,oirowing officers were elect
ed: President, Henry Field of Rut-
nd: Vi 60 eeident. w H. Bracket
of BrattIeboro3 secretary and treas
urer, Charles H. Harrison of Rut-
IL. ne men appointed 20 the ex-
ecutive committee were F. 2. Bur-
CESS of Burlington, F. w. Wilde~ of
Woodstock, Albert Tuttle of Mont
nelier, J. GREGORY Smith of St. AL
bans and G.. w. Ruiter of St. Johns
DurJ.
The mem bership committee con-
sists of Nelson Bailey OF Wells
River, w. B. c. Stickney of Rutland
and Bethel, J. II. Williams of Bel
lows Falls and A. J. Holden of Ben
nington.
The place of business for the or
ganization will be at Rutland. Sew
eral details OF the plan remain to be
completed.
The following are the members
of the association. The amount nam
ed first after each bank is its cap
ital The amount named second is
its SUI plus.
National Bank of Derby Line,
$15O,O0O, 100000.
Rutland County National of Rut-
land, 100000, $4,000.
First National of White River
Junction, 100000, $4,000.
Howard National OF burlington,
100000, 100000.
National Bank of Newbury, Wells
River, 100000, 100000.
Brandon National, 100000, $780,
900.
Lyndonville National Bank, 49,
900, $4,000.
First National of Orwell, $4,000,
$4,000.
National Bank of Middlebury,
100000, $4,000.
First National of Montpelier,
100000, $4,000.
First National, Bristol, $4,000,
$4,000.
First National of st. Johnsbury,
100000, $4,000.
National Bank of Bellows Falls,
100000, $4,000.
Woodstock National, $4,000,
100000
Merchants National of st. Johns
bury, $15O,OOO, $4,000.
Fits st National OF Bennington,
$4,000, $4,000.
National Bank of Vergennes,
$3.50, 900, $4,000.
Bennington County National of
Weldon National Bank Of st. Al
bans, 100000, $4,000.
Peoples National of Brattleboro,
PAOOBOOOS PLVOSOOOs
Montpelier National, $4,000,
100000.
White River National, $4,000,
1000.
Factory Point National of Man
chester, $4,000, $4,000.
Cement National of Rutland,
100000. 100000.
Allen National, Fair Haven, $780,
900, $4,000.
Baxter National. Rutland, $780,
900, $4,000.
Bradford National, $50, $1O,-
300.
National Bank of Orange County,
$4,000, $4,000.
Vermont National, Brattleboro,
100000.
First National, Foultney, $4,000,
SIS, 900.
First National, North Bennington,
S15O,O0O, $4,000.
LamoiIle County National, Hyde
PARK. 100000, $4,000.
Total capital, $3,76O,OOO.
Total SUI plus, $1,634, 900
Total assets, $5,394,O0O