. King's handbook of Springfield, Massachusetts : a series of monographs, historical and descriptive. was to reduce materially the current rate of discounts in thisvicinity. Mackintosh & Co. have at times handled #5,000,000 of commercialpaper in one year. They have a branch house in Holyoke, under the man-agement of Thomas Shepard, which has about $100,000 in deposits, anddoes a large discount and banking business. They do also a general com-mission business in stocks and other securities for a large patronage, andthe house has the reputation of a conservative counsellor in the manage-ment of
. King's handbook of Springfield, Massachusetts : a series of monographs, historical and descriptive. was to reduce materially the current rate of discounts in thisvicinity. Mackintosh & Co. have at times handled #5,000,000 of commercialpaper in one year. They have a branch house in Holyoke, under the man-agement of Thomas Shepard, which has about $100,000 in deposits, anddoes a large discount and banking business. They do also a general com-mission business in stocks and other securities for a large patronage, andthe house has the reputation of a conservative counsellor in the manage-ment of investments. The Active Banking Capital of Springfield in 1883 is thus about $5,000,-000; deposits in national banks, $4,000,000; circulation, $2,640,000; depositsin savings banks, $11,600,000, secured by assets good for $12,400,000. Inshort, the banking interest of the city commands over $20,000,000. Theclearings at the clearing-house rank in magnitude with those of cities muchlarger in population, being only exceeded in Massachusetts by those ofBoston and Worcester. WILAIOT LILLIE WARREN, I.
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Keywords: ., bookcentury1800, bookdecade1880, bookidkingshandboo, bookyear1884
