Picturesque New London and its environs, Groton, Mystic, Montville, Waterford, at the commencement of the twentieth century; notable features of interest .. . us other municipal privileges andaccommodations, New London standswell to the front with cities of similarpopulation and advantages. Union Bank is one of thefinancial institutions in the Thi<oldest country. Atthe time of itsincorporationbut five bankswere in exist-ence in theUnited States:one each in thecities of NewYork, Boston,Philadelphia,Baltimore andProvidence. Asearly as Feb-ruary 10, 1792,a meeting washeld at MinersTavern onBan
Picturesque New London and its environs, Groton, Mystic, Montville, Waterford, at the commencement of the twentieth century; notable features of interest .. . us other municipal privileges andaccommodations, New London standswell to the front with cities of similarpopulation and advantages. Union Bank is one of thefinancial institutions in the Thi<oldest country. Atthe time of itsincorporationbut five bankswere in exist-ence in theUnited States:one each in thecities of NewYork, Boston,Philadelphia,Baltimore andProvidence. Asearly as Feb-ruary 10, 1792,a meeting washeld at MinersTavern onBank Street,when a com-mittee CO m-posed of men ofproperty inter-ests and l)usi-ness standing-was appointed toinstitute a bankin New Londonand obtain sul)- scriptions to the stock. At the Maysession of the Connecticut legislaturein 1792, a cliarter was obtained, pro-viding for a capital of !|100,000, andan authorized capital of «oOO, bank at once began business in abrick building on the upper part ofWater Street, owned at the time l)yEdw. Hallam & Company. Duringthe year, seven other banks in variousparts of the country obtained THE UNION BANK—61 STATE STREET. Established in 1792. In l«ll-! tiie bank built the stonebuilding it now occupies on StateStreet. On March 28, 1865, it wasvoted to convert the bank into aNational Hanking Association, underthe general banking law of tlie InitedStates, but later, on January 10, 1882,it liquidated as a National institution,and the business since tliat period hasl)een conducted as a State bank bytlie resumption of its charter of 1792. Up to the pres-ent time, 1901,tlie l)ank hasiiad but sevenpresidents andseven RobertCoit, the jDres-ent incumbent,assumed the{residency in189:5. Chew, thepresent Cashier,was elected tothat ottice inISS;). Tliis old insti-t u t i o n, theInion Bank,(• u j o y s in amarked degreetlie (onlidenceof the public onthe ground ofpresent useful-ness alone,apart from anyc
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Keywords: ., bookcentury1900, bookdecade1900, bookidpicturesquen, bookyear1901
