The Schenectadian, portraying the advantages, attractions and opportunities of the electic city . gs Bankhas been a palpable force in promoting thriftamong the wage-earners of the city. Foundedin 1834. its development has been marked byan uninterrupted increase, from year to year,in the amounts of deposits and the accounts. Its one hundred and sixtiethsemi-annual report, issued July i. 1914. showsdeposits representing accounts, aggre-gating w^ith a surplus of S427, The bank maintains a Junior Depart-ment, designed to encourage children in start-ing savin
The Schenectadian, portraying the advantages, attractions and opportunities of the electic city . gs Bankhas been a palpable force in promoting thriftamong the wage-earners of the city. Foundedin 1834. its development has been marked byan uninterrupted increase, from year to year,in the amounts of deposits and the accounts. Its one hundred and sixtiethsemi-annual report, issued July i. 1914. showsdeposits representing accounts, aggre-gating w^ith a surplus of S427, The bank maintains a Junior Depart-ment, designed to encourage children in start-ing savings accounts. Tabulating, the capital, surplus and undi-\ided profits and total deposits of Schenec-tadvs banks are as follows : Mohawk National Bank Union National Bank Schenectady Trust CompanyCitizens Trust Savings Bank. r I ^ Surplus and Undi-vided Profits$ ,,,, Total Deposits$ ,887, Totals $600,000 10 $1,416, $17,676, (Phot., hy ll-l,il,-) THE SCHENECTADY BUILDING, LOANAND SAVINGS ASSOCIATION The Schenectady BuiUhng, Loan and Sav-ings Association was incor[)orated in that time each succee(Ung year hasshown a gradtially increasing business andaccumulated assets and dividends. The Associations membership now num-bers 2,000, who are owners, proportionately,of the assets of $800,000, invested in lirstmortgages upon improved real estate—prin-cipally homes of its members—in the Cit} ofSchenectady or within a radius of a few milesfrom its limits. The business has been managed upon a safe,conser\ative and economical basis, and ex-penses reduced to a minimum of three-quar-ters of one per cent, on yearly cash receipts,which is considered comparatively small com-mensurate with tlu- \iiliinic i)l liu^^
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Keywords: ., bookcentury1900, bookdecade1910, bookidschenectadia, bookyear1914
