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Image from page 244 of "New Bedford, Massachusetts : its history, industries, institutions, and attractions" (1889)

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Identifier: newbedfordmassac00peas Title: New Bedford, Massachusetts : its history, industries, institutions, and attractions Year: 1889 (1880s) Authors: Pease, Zeph. W. (Zephaniah Walter), b. 1861 New Bedford Board of Trade Hough, George A Sayer, William L. (William Lawton), 1848-1914 Subjects: Industries -- Massachusetts New Bedford New Bedford (Mass.) -- History Publisher: [New Bedford, Mass.] : Published by order of the Board of Trade Contributing Library: University of California Libraries Digitizing Sponsor: MSN View Book Page: Book Viewer About This Book: Catalog Entry View All Images: All Images From Book Click here to view book online to see this illustration in context in a browseable online version of this book. Text Appearing Before Image: . This was increased while the bank wasdoing business under the state law in 1828, to $250,000; in 1831 to$400,000; and in 1851 to $600,000. The first board of directorsconsisted of John Avery Parker, Samuel Borden, Job Eddy, AbrahamBarker, Joseph Bourne, William H. Allen, David R. Greene, JohnCoggeshall, Jr., and AllVed Gibbs. Mr. Parker was the president ofthe bank until his death, December 23, 1853. Charles R. Tuckersucceeded him, holding the office until his death, December 21, 1876,when Jonathan Bourne succeeded him, and is now president. JamesB. Congdon was the first cashier. He resigned January i, 1858, andwas succeeded by Peleg C. Howland, to whose untiring zeal is duein a great measure the banks present standing of excellence. Onthe death of Mr. Howland, October 26, 1885, Henry C. W. Mosherwas elected to the position and is now cashier. Gideon B. Wrightand Lloyd S. Swain are the tellers. The bank was reorganized asThe Merchants National Bank of New Bedford, February 14, 1865, Text Appearing After Image: 240 NKW BEDFORD. with the following board of directors: Charles R. Tucker, Abra-ham Barker, David R. Greene, Gideon Allen, Thomas Bradley,Dennis Wood, Jonathan Bourne, William P. Rowland, and AndrewHicks. The capital stock at that time was $600,000, with a surplusof $166,050.58. In 1869 the capital was increased to $1,000,000,at which figure it now stands, with a surplus of $500,000. The directors of this bank since the beginning, with the years oftheir term of service, have been as follows : John Avery Parker,1825 to 1854; William H. Allen, 1825 to 1829; Abraham Barker,1825 to 1871 : John Coggeshall, Jr., 1825 to 1844; Joseph Bourne,1825 to 1828 ; Alfred Gibbs, 1825 to 1842 ; Job Eddy, 1825 to 1853 ;David R. Greene, 1825 to 1880; Samuel Borden, 1825 to 1849;William C. Nye, 1829 to 1831 ; Gideon Allen, 1832 to 1878 ; Nehe-miah Leonard, 1832 to 1843 ; Edward L. Baker, 1843 to 1864Charles R. Tucker, 1844 to 1876; Dennis Wood, 1850 to 1878William Penn Rowland, 1850 to 1869; Jonathan Bour Note About Images Please note that these images are extracted from scanned page images that may have been digitally enhanced for readability - coloration and appearance of these illustrations may not perfectly resemble the original work.



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