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Liabilities of three Directors 27,039 dollars; of all, 28,735
dollars. Only three per cent. dividend declared since April, 1837. Taxes paid to the State 6,146 dollars 63 cents. Of the discounted paper there are 70 demands, 22 of which are of 1,000 dollars or upwards-and half the last number undoubtedly good-most of the other half may be collectable; yet a considerable amount of the whole, though good, will probably be slow.
In BATH are three banks, (1) the Commercial; (2) Lincoln; (3) Sagadahock-aggregate capital 200,000 dollars.
(1.) The Commercial Bank, chartered Feb. 16, 1832,—has Directors, Jacob Robinson, President, Gilbert Trufant, William D. Sewall, all of Bath, Thomas M. Reed of Phipsburg and William Patten of Richmond-and Thomas Agry, Cashier. TRIAL BALANCE.
Profits on hand,
Loan to the State,
6,120 4,765 04 1,571 1,827 35
Liabilities of three Directors, 14,930 dollars-of all 16,680 dollars. Last year's dividend six and one-quarter per cent. Taxes paid to the State 3,250 dollars. Number of Stockholders 58. Of the discounted paper, the Cashier says, there are not exceeding 1,000 dollars considered doubtful. Books and by-laws very good. The Act of Feb. 1833, to increase the Capital, was not accepted.
(2.) Lincoln Bank, chartered Feb. 11, 1832, (a continuation of the one incorporated in 1813,) has Directors, George F. Patten, President, Levi Houghton, Joshua Page, William Richardson, Ammi R. Mitchell, Samuel Gray, William M. Rogers-and Green Richardson, Cashier.
3,000 114,026 97 12,272
Number of Stockholders 57. Last year's dividends eight per cent. Amount of bank tax paid to the State, by the old bank 13,000 dollars, by the present 7,000 dollars. Discounted paper is in remarkably good order, nearly every piece being secured by three names.-Not a single note deemed doubtful. Stock in this bank is said to be five per cent. above par. There is probably no better bank in the State than this.
(3.) Sagadahock Bank, chartered April 1, 1836,-has Directors, Joseph Sewall, President, Thomas D. Robinson, John Smith, William M. Reed and Thomas Harward, all of Bath, William Purrington of Bowdoinham, and Moses Riggs, of Georgetown.-Daniel F. Baker, Cashier.
215 39 Specie,
Discounted paper, 67,088 08
$98,329 53 Dividends of
Liabilities of the Directors, 19,774 dollars. last year seven per cent. Amount of tax paid to the State 1,424 dollars 25 cents. Number of Stockholders 64. Of the "Discounted paper," most of it is secured by three names, and the President thinks none is doubtful. Discounts are
generally made for three, not over four months-the securities are of a business form-a few joint and several. Stock in this bank is said to be worth three per cent. above par. Each of the banks in Bath have in the Suffolk a permanent deposit of 2,000 dollars; the remainder of sums due from other banks, is deposited in the Globe Bank, Boston, at four per cent. on the lowest balance, due from it each month.
In Belfast, is one bank only, (the Charter of the Waldo Bank being resigned, and its affairs nearly closed.)
Belfast Bank, chartered April 1, 1836,-has Directors, James White, President, Joseph Williamson, Paul R. Hazeltine, James P. White, Salathiel Nickerson, Freeman C. Raymond, and Thomas Marshall, all of Belfast-and Albert Bingham, Cashier.
and State Certif-
bank and Agents, 17,412 51 Other Debts due to
Bills of other banks,
7,494 75 56,663 92
1,623 6,156 53
Directors liabilities 10,375 dollars. Last year's dividends seven per cent. Amount of taxes paid to the State 1,524 dollars 66 cents. Number of Stockholders 80. Of the discounted paper it is said not more than 1,000 dollars are doubtful. The "Agents" are J. Hathaway & Co. merchants, Boston,-owners of 20 shares of stock,-reputed to be a firm of solid wealth, and of character for business too high and well established to be doubted.
In BLOOMFIELD is the Skowhegan Bank only, which was
incorporated March 4, 1833, with a capital of 50,000 dollars, and in 1836 increased to $75,000,-and which has Directors, William Allen, Jr., President, of Norridgewock, Judah M’Lellan, Edmund Pearson, Abner Coburn, Brooks Dascomb, all of Bloomfield, Joseph Patten and John G. Neil, both of Skowhegan, and Samuel Philbrick, Cashier.
Bank, 13,350 48 3,430 38 Bills of other banks, 1,431 37 Specie,
Liabilities of one Director 5,800 dollars; of all, 9,975 dollars. Four liable for nothing. Amount of taxes paid to the State 3,604 dollars 17 cents. To all paper, discounted, a bylaw requires three names; no loan to any one shall exceed 3,000 dollars, nor paper taken for more than 60 days-of the whole securities, being 219 in all, about 20,000 dollars in amount bear date prior to January 1839,-one half of it against the estate of the former President-perhaps 1,500 dollars doubtful.
In BREWER is the Agricultural Bank, only, chartered April 1, 1836,-which has Directors, Stillman Wilson, Presideni, John D. Wilson, David B. Doane, Timothy George, Joha Wentworth, the last of Orrington, and the other four of Brewer.-Cornelius Bedlow, Jr. Cashier.
Discounted paper, 57,737 52
774 29 Due from other banks,
1,678 00 1,974 87
Liabilities of Directors 9,497 dollars. The only dividend ever declared, was in April 1837, of three and one-half per cent. Amount of taxes paid to the State 1,500 dollars. Number of Stockholders, 20. Of the discounted paper there are in all 72 demands, 13 of which are of 1,000 dollars or upwards; and to secure some of them, there are mortgages, attachments and pledges of Stock. The smaller demands are prime. The Directors are efficient men; but find it hard collecting the larger notes. This bank among others resolved to redeem only at its own counter, and resisted till it had runs from the Suffolk in amount prior to June 26, 1837, 33,000 dollars in specie; it was then compelled to submit and make a permanent deposit there of 5,000 dollars.
In BRUNSWICK are two banks; (1) the Brunswick, (2) the Union; with the aggregate capital of 125,000 dollars.
(1.) The Brunswick Bank, chartered April 1, 1836,—has Directors, Richard T. Dunlap, President, John C. Humphries, Alfred J. Stone, William H. Morse, George F. Richardson, all of Brunswick,-Phinehas Barnes, Cashier.
Liabilities of two Directors 18,274 dollars; of all, 25,788 dollars. Last year's dividend five per cent. Amount paid to the State in taxes 2,308 dollars 79 cents. Number of Stockholders 53. Generally the discounted paper is in good order. Of the sum due from other banks there are 3,000 dollars in the Suffolk, 1,421 dollars in Kilby Bank, and 6,507 dollars 93 cents