The Brattleboro daily reformer. (Brattleboro, Vt.) 1913-1955, 1921-01-10
LOAN AND TRUST
co. STOCK SOLD
New Owners Include Men
Long Connected With
Business
FRANK B. PUTNAM
is SALES MANAGER
Local Man Connected with Eastern Of
ffee for 80 Years Also Vice President
OF Corporation Which Has Operated
Successfully Over 33 Years.

Announcement has just been made of
the purchase from the Day & Hansen
20. OF Spokane, Wash, Of its stock hold
lngs IN the Vermont Loan & Trust Co,
by X. Il. Rogers of Spokane. Frank +
Putnam and Lee II. Williams of BrattIe-
boro, Il Fl. Cosgrove Of Billings. Mont. L.
W. Anderson OF Newport. Wash. and
[. }. Winter Of Spokane All of the
purchasers with the exception of Mr.
Anderson and Mr. Williams have been
Ter many years connected with the COM
pany and Messrs. Rogers and Putnam
were stockholders in it. up to the time
they sold their interests to the Dav &
Hansen company four years ago. Mr.
Anderson is president OF the Securitv
state bank at Newport, Wash. and viii
retain ms banking interests although be-
coming an active official in the loan or
ganiation. Mr.. Williams has been an
empioYe OF the eastern office in this town
Tor several years.
Trust Co, will be: President. II. r.
Kegers; wee president and sales manager.
r Il. Putnam; vice president. r. IL. Cos
grove; treasurer, {. j Winter: assistant
secretary and assistant sales manager. l..
1t. Williams
I o..
investment banking company and has
been III successful operation for over 33
years, during which time 1t has loaned
lor It's cheLts over $4,000 900 on farm
mortgage security without the loss of Il
single dollar TO any investor
1t has over S7000,000 of OUTSTANDING
business, representing a good will the
value OF which It would be difficult TO es-
innate but which Is none the less real. 1t
mas taken IS years OF time and many
thousands Of dollars OF expense to ACQUIRE
and IL IS something that money cannot
buy. 1t represents the confidence and es-
TEEN OF eastern savings banks, trust com
DaHIes. estates and individuals in the com
panys honesty and ability.
ihc company is fortunate in its repre-
sentation rs farm mortgage correspondent
Of the Prudential Insurance 20. OF New
ark; \. y. for Washington, Oregon,
Idaho and Montana. This connection has
proven very satisfactory and profitable
one Tor the company As a further mark
ot confidence IN the company and It's Of
ilcefs, the Prudential is now turning over
TO the Vermont Loan & Trust Co some
s2,o0O60O of additional business already
developed, which Will increase our out
standing business to over $4,000 600
From a small beginning 80 years ago
the Vermont Loan q Trust Co. has grown
into one Of the largest farm mortgage
banks in the northwest The company
Wash. with branch offices at Billings.
Mont. Salem, Ore. and another TO be
opened soon at either Boise or Pocatello.
Idaho. 1t has maintained for SO years
continuously its sales office at Brattle-
boro.
The operation of the company has been
in the same hands for many years, and
it is not intended that any OF the operat-
ing officers will be changed. The produc-
ing end of the business has been in
charge of Il. r. Rogers for 10 wears. as
sisted by Robert II. Cosgrove, who spends
the major norton of his time III charge
of field operations, and {. j Winter, Of
fee manager, The sales end of the busl-
ness has been in charge of F. r. Putnam
for 20 years and he IS assisted by Lee IL.
Williams
The company was organized IN 1887 and
did a profitable business until the panic
year of 1893. 1t operated at a loss dur
inr the years 1893 and 1895. Neverthe-
less the company maintained its credit
and standing during those trying times,
OF IS similar investment banking com
panes operating in Vermont under the
supervision of the state banking depart
ment before 1893. the Vermont Loan &
Trust Co was the only one to weather
the storm and continue successfully IN
business under license in Vermont.