Days and ways in old Boston . R • tut ?t,4i,. M o Old Boston Banks In 1793, six months after its establishment,the directors declared the first dividend (4 percent.) and semi-annual dividends have been de-clared from that date to the present time, withoutinterruption. In this record the bank is uniqueamong American financial institutions. In 1847its capital was $800,000, and its surplus and de-posits were $1,402,194. In 1914 the capital andsurplus were $2,000,000 and the total resources$12,723,265. The Merchants National Bank was establishedas a state bank in 1831. It occupied the oldUnited St
Days and ways in old Boston . R • tut ?t,4i,. M o Old Boston Banks In 1793, six months after its establishment,the directors declared the first dividend (4 percent.) and semi-annual dividends have been de-clared from that date to the present time, withoutinterruption. In this record the bank is uniqueamong American financial institutions. In 1847its capital was $800,000, and its surplus and de-posits were $1,402,194. In 1914 the capital andsurplus were $2,000,000 and the total resources$12,723,265. The Merchants National Bank was establishedas a state bank in 1831. It occupied the oldUnited States Bank building on State Street andthe present Merchants Bank building is locatedon the same site. In 1847 the total resourceswere $6,820,000, which had grown in 1914 to thegenerous figure of $46,000,000. Largest of all Boston nationalbanks, the Shawmut has attainedthat position in part throughsuccessful management and in partby consolidation. It was estab-lished as a state bank in 1837. Thepaid up capital in 1847 was$500,OCO, and total r
Size: 1575px × 1586px
Photo credit: © The Reading Room / Alamy / Afripics
License: Licensed
Model Released: No
Keywords: ., bookcentury1900, bookdecade1910, bookiddayswaysinol, bookyear1915
