The independent-reporter. [volume] (Skowhegan, Me.) 1909-1955, 1916-06-08

The Skowhegan Trust Company
was organized about six years ago,
but has enjoyed the services and eX-
pert financial advice of the leading
financiers and business men of Show
hogan and vicinity, many of them for
merly affiliated in Official capacities
with the Second National Bank, an
old established fiduciary institution,
the business of which was taken
over by the Skowhegan Trust Co.
when it was organized in February
1911. Since then the resources of
the institution have almost doubled,
until at this time the total amounts
to over s94000000 The capital of
$4,000 is further increased by a sur
plus and undivided profit account,
aggregating $30,443.00. Demand and
savings accounts, combined, amount
to $4,000.
Through conservative where safety
itself is concerned. this company has
modernized its methods in promoting
habits of thrift and inducing the
opening of the various sorts of ac-
counts which an all-round trust COM
pany handles these days. The saw
ings department allows four per cent
interest per annum and this branch
of the business is growing rapidly
new accounts coming in person, and
by mail from many sections of the
State. The large number of check
ing depositors get through the Show
hogan Trust Co. the very best SER
vice for all commercial purposes. 1t
must be remembered. too, that in adj
dtion to a regular banking business
the functions of this company have
to do as well with large matters of
public concern-the caring for trust
estates acting as administrator and
executor, the receiving of public
monies in a fiduciary capacity and
the general financial service which a
strong organization like this has to
do. Exchange is issued on all points
throughout the world. available for
remittance abroad or by travellers in
payment of current bills. There are
safe-deposit vaults in the bank build
ing on Water street, safe places in
which to keep securities, valuable pa
pers, jewelry and heirlooms. The
spaces are rented at very nominal
rates of charge.
Attorneys and others who have
been entrusted with financial respon-
sibility by individuals or estates will
recognize the high value which an in
stitution of this calibre offers the
community. Correspondence with
interested persons anywhere is in
vited as to any feature of the COM
panys business. Every officer of
the institution feels it his duty to
strive to promote the prosperity and
welfare of the community and the
great surrounding territory comprised
in Somerset County. This is pos
sible only when there is general pub
lie cooperation and towards that
end the Skowhegan Trust Co. offers
its facilities to all classes of clients.
The officers of the Skowhegan
Trust Co. are as follows; Presi-
dent, John r. Mcclellan; Vice-Presi-
dent E. F. Danforth; and Treasurer,
r. e. Atwood. The Executive
Board comprises Pres. Mcclellan;
Vice-Pres.. Danforth. Cony Russell,
Samuel w. Philbrick. Amos X. But
Ter, Charles W. Day, Leroy R. Fol-
som, Treasurer, R. E. Atwood, A. A.
Porter and Fred F. Lawrence.
The splendid growth of the Show
hogan Trust Co. speaks eloquently of
the public service of the institution
and of the general esteem in which
it is held It's solidity has become
known far and wide. its name carry
ing with it that feeling of strength
and security always sought and ap-
preciated by depositors, large and
small The financial cOrresDondentS
of the Trust Company are as follows:
National City Bank. New York; First
National Bank, Boston; National
Shawmut Bank, Boston; Second Ma
tional Bank, Boston; Fourth-Atlantic
National Bank. Boston, and the FL
deity Trust Company of Portland.