. MNB : ninety odd years of banking 1825-1916. doors and windows sufficientlyfor said Bank and giving the liberty to the Bank to keepit six years or relinquish it at any time previous, therent to commence on the 1st day of the 9th month, 1825and to be paid semi-annually. The Bank continued to occupy these premises forseveral years when we find that on May 13, 1831 theDirectors voted to buy of William W. Swain a lot ofland situated opposite the lower end of William Streetfor $2,000. By the Directors records of May 18th, 1831,Abraham Barker and Job Eddy were appointed a com- pare Eight NEW BEDFO
. MNB : ninety odd years of banking 1825-1916. doors and windows sufficientlyfor said Bank and giving the liberty to the Bank to keepit six years or relinquish it at any time previous, therent to commence on the 1st day of the 9th month, 1825and to be paid semi-annually. The Bank continued to occupy these premises forseveral years when we find that on May 13, 1831 theDirectors voted to buy of William W. Swain a lot ofland situated opposite the lower end of William Streetfor $2,000. By the Directors records of May 18th, 1831,Abraham Barker and Job Eddy were appointed a com- pare Eight NEW BEDFORD MASSACHUSETTS ^J (-:, ^ mittee to superintend the erection of a banking houseand that they were to be allowed 2\% on the cost of thebuilding for their services. The first notice relating to the occupancy of thefirst banking house appears on October 5, 1835 in therecords of that date, stating that the annual meetingwas held at the Banking Rooms, whereas before, theMerchants Insurance office was always named asthe place of the FIRST BUILDING AND SECOND HOMl, Here we present the second home of the Merch-ants Bank, a rather pretentious building even at this day,of Grecian architecture, where the Bank remained tillDecember, 1894 then going west to Purchase Street Page J^ine aI 5S 3 i mmmmmmmm MF^^HANTS NATIONAL BANK to meet the changing business conditions induced by thetransition from whahng to the cotton industry, an actregarded at the time as rather revolutionary, but whichlater demonstrated the far sightedness of the directorsand finally culminated in all the other financial institu-tions and leading business men on Water Street, the thenfinancial center, following the lead of the MerchantsBank and locating up town.
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Keywords: ., bookcentury1900, bookdecade1900, bookidmnbninetyodd, bookyear1900
