The Suffolk Bank
The Suffolk Bank
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In our eReader you can find the full English version of the book. Read The Suffolk Bank Online - link to read the book on full screen. Our eReader also allows you to upload and read Pdf, Txt, ePub and fb2 books. In the Mini eReder on the page below you can quickly view all pages of the book - Read Book The Suffolk Bank
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hundred thousand dollars since its incorporation as a national bank. The panic found it in a strong condi- tion ; and it was able to meet all its liabilities, without being obliged to resort to clearing-house certificates by the pledge of its securities.
Since 1873, by reason of the low rates of interest and the heavy burden of taxes, it has been obliged to reduce its dividends first to eight per cent, and subse- quently to six per cent, per annum.
On the thirty-first of January, 1874, Mr. Swet...t re- signed on account of ill health, having served as Presi- dent just eight years ; and Mr. Henry Austin Whitney was chosen in his place. He occupied the position but two years, when he resigned to take the presidency of the Boston and Providence Railroad. Mr. Swett again held the position temporarily till the first of April, 1876, when the office was filled by the election of the present incumbent.
APPENDIX.
OFFICERS OF THE SUFFOLK BANK, FROM APRIL 1, 1818, TO DECEMBER 31, 1864.
Ebenezer Francis .
What to read after The Suffolk Bank?
You can find similar books in the "Read Also" column, or choose other free books by D R David Rice Whitney to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
hundred thousand dollars since its incorporation as a national bank. The panic found it in a strong condi- tion ; and it was able to meet all its liabilities, without being obliged to resort to clearing-house certificates by the pledge of its securities.
Since 1873, by reason of the low rates of interest and the heavy burden of taxes, it has been obliged to reduce its dividends first to eight per cent, and subse- quently to six per cent, per annum.
On the thirty-first of January, 1874, Mr. Swet...t re- signed on account of ill health, having served as Presi- dent just eight years ; and Mr. Henry Austin Whitney was chosen in his place. He occupied the position but two years, when he resigned to take the presidency of the Boston and Providence Railroad. Mr. Swett again held the position temporarily till the first of April, 1876, when the office was filled by the election of the present incumbent.
APPENDIX.
OFFICERS OF THE SUFFOLK BANK, FROM APRIL 1, 1818, TO DECEMBER 31, 1864.
Ebenezer Francis .
What to read after The Suffolk Bank?
You can find similar books in the "Read Also" column, or choose other free books by D R David Rice Whitney to read onlineMoreLess
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