New Britain herald., 1915-04-17

1865, the day befor the assassination of Lincoln, the stockholders met to vote upon the question of converting the bank into a national one, the di- 1ectors voting unanimously in recon1- mending this action. The stock holders voted to adopt the recommen- dation of the directors with the excep- tion of ten shares. on April 26, 1865, the bank accepted and adopted it's charter from the United States gov erLment and became a national bank I he bylaws then adopted nave re- mained with little modification or amendment as the governing rules of the institution.
 The failure of Ketcham Son & Co.,, with which the bank had kept it's New York account from the time it com menced business, failed, owing the New Britain National bank $6O,00O. TC make up this evident loss the stockholders voted to increase the stock $10O,000, making it s310,o00. the present figure. The final settlement in the Ketcham failure left the net loss to the New Britain bank $23,400, which was charged to profit and loss. and was covered by the surplus of $25, ,S66.43.
 Profitable Years for Bank.
 The years following the Civil war up to 1873 were the most profita ble years for the banking business that the country had seen. Rates of in terest were regular at eight per cent and nine per cent, speculation was general, and nearly everybody who had credit borrowed
 The panic of 1873 brought a col lapse in a values which, however, was nicely weathered by the New Britain bank.
 The last time MT. Erwin signed his name was in the application for char ter extension of twenty years in Feb ruary 1885. In April 1905, the char ter was again extended for period of twenty years.
 At the annual meeting of stock holders in January, 1906, the articles of association were amended by in creasing the limit of number of direc- tors from nine to fifteen and, at the meeting of directors immediately fol- l lowing, committee recommended the purchase of the Baptist church property and the erection of a new building. The purchase of the pro- perty was approved and the work of | construction was begun in September, l 1906.
 Present Directors and Officers. The present directors of the bank l are as follows;
 | William H. Hart, president Stanley works, elected 1866; D. N. Camp, pres 1 ident Skinner Chuck Co.,, elected 1874; A. J. Sloper, president, elected 1888; E. N. Stanley, treasurer Savings Bank l Walter, superintendent of Stanley Rule & Level Co.,, elected 1898; G. M. T4anders president North & Judd Mfg. Co.,, elected 1900; Charles Glover 1 vice-president American Hardware 1 Corporation, elected 1906; J. B. Minor, president and treasurer Minor & Cor bin Box Co.,, elected 1906 E. H. Davl- son, president American Hosiery Co.,. 1 elected 1907; r. s. Chamberlain, cashier, elected 1907,; c. w. Traut, president and treasurer Traut & Hine Mfg Co.,, elected 1908; A. F. Corbin, president Union Mfg. O., elected 1909, E. A. Moore. second vice-president Stanley Works, elected 1909; Robt, N, Peck, Vice-presidert Stanley Rule & Level O.. elected 1911; Darius Miller, merchant, elected 1912.
 The officers are A. J. Sloper, presi- dent; D. N, Camp, vice-president; F., S, Chamberlain. cashier, A. s, Par sons assistant cashier, w. H. Judd, assistant cashier