File:Binghamton, its settlement, growth and development (1900) (14595468100).jpg

Identifier: binghamtonitsset00law (find matches)
Title: Binghamton, its settlement, growth and development
Year: 1900 (1900s)
Authors: Lawyer, William S., 1833?-1917, (from old catalog) ed
Subjects:
Publisher: (Boston) Century memorial publishing co.
Contributing Library: The Library of Congress
Digitizing Sponsor: Sloan Foundation

View Book Page: Book Viewer
About This Book: Catalog Entry
View All Images: All Images From Book
Click here to view book online to see this illustration in context in a browseable online version of this book.

Text Appearing Before Image:
89.95;surplus, $40,000; undivided profits, $4,555.65; deposit account, $400,-000. The present directors and officers of the bank are as follows: JohnB. Van Name, president; Charles F. Sisson, vice-president; HartwellMorse, cashier; Edward P. McKinney, John Bajdess, Robert E. Hooper,William W. Sisson, Walter Morse and Charles M. Stone. The First National Bank of Binghamton, No. 202, was organized inSeptember, 1863, and began business in January, 1864, with a capitalof $100,000 (afterward increased to $200,000). The first directors andofficers were Abel Bennett, president; Elias Hawley, Charles McKinney,Moses T. Morgan, Locy Halsted, Ransom Balcom and Jared D. Ses-sions, none of whom are now living. The first cashier was GeorgePratt. Mr. Bennett resigned the presidency of the bank. May 5, 1884,and was succeeded in office by Francis T. Newell. Mr. Newell diedApril 27, 1898, and on January 1, 1899, Waring S. Weed was electedhis successor. At the same time Frank B. Newell was elected vice-
Text Appearing After Image:
ABEL BENNETT. GROWTH AND DEVELOPMENT. 305 president to succeed Mr. Weed. The late George Pratt was cashier ofthe bank from the time of its organization to January, 1884, when heresigned and was succeeded by John Manier, The latter resigned July1, 1895, and was succeeded by Addison J. Parsons, the present cashierof the bank. In banking circles Mr. Parsons is regarded as one of thebrightest and most capable young financiers in the city. The First National is the oldest banking house of its character in thecity, and, as is indicated by its number, it is one of the oldest in thestate. During the period of its existence probably as much businesshas been transacted over its counters as in any similar institution in thecity. It has always stood high in the public confidence, and its man-aging officers have been selected from the best material of the boardof directors. The first president, Abel Bennett, during the long pe-riod of his residence in Binghamton was looked upon as our first citize

Note About Images