Professional and industrial history of Suffolk County, Massachusetts . its checks being receivedthrough the Boston Clearing-house. It also discounts commercialpaper, makes loans on approved security or collateral, and collectionsupon points in the United States, Canada, and Europe, draws sterlingbills of exchange on the London and Westminster Bank, limited, ofLondon, England, which inay be cashed anywhere; makes cable trans-fers, acts as fiscal agent for States, municipalities, railroads and corpo-rations for the payment of bonds, coupons, dividends, etc., and is a legaldepository for States,
Professional and industrial history of Suffolk County, Massachusetts . its checks being receivedthrough the Boston Clearing-house. It also discounts commercialpaper, makes loans on approved security or collateral, and collectionsupon points in the United States, Canada, and Europe, draws sterlingbills of exchange on the London and Westminster Bank, limited, ofLondon, England, which inay be cashed anywhere; makes cable trans-fers, acts as fiscal agent for States, municipalities, railroads and corpo-rations for the payment of bonds, coupons, dividends, etc., and is a legaldepository for States, municipalities, banks, corporations, firms and in-dividuals, administrators, executors, trustees, guardians, and courts oflaw and equity. The company also acts as trustee-under mortgagesor deeds of trust from railroads and other corporations, registrar andtransfer agent of the stock and bonds of incorporated companies, etc.,and in connection with the business there is a trust department, whichis kept separate and distinct froin the general business, for the accept-. ^y:L/.i/?7Z - yM.^a/:iUuir TRUST COMPANIES. 439 ance of trust inider any will or instrument creating a trust, trust de-posits, and the care and management of property in this vState. Itsstatement made to the commissioners of savings banks in Massachusetts,October 31, 1892, showed, in addition to its capital of $1,000,000, a sur-plus fund and undivided profits amounting to $94:2,, deposits $5,-970,599.(30, and total assets of $7,913, in its banking its trust department it held trust deposits of $1,041,, and hadtotal assets $1,052, The handsome eight-story banking buildinglately erected by the company at 45 Milk street, is one of the finestarchitectural additions to the office buildings of Boston, The presidentit John M. Graham, and Mr. Henry L. Jewett secretary, both of whomhave been important factors in promoting the success and increasingthe business of the bank. The board of
Size: 1626px × 1537px
Photo credit: © The Reading Room / Alamy / Afripics
License: Licensed
Model Released: No
Keywords: ., bookauthordaviswil, bookcentury1800, bookdecade1890, bookyear1894
