Among other signs of advancement, was
the establishment of a new Bank. The "Clinton Bank" it was called.
The charter had been obtained through the influence of Judge
Bigelow, who had several warm personal friends in the Legislature.
There was not a great deal of loose money in S----to flow easily
into bank stocks; but for all that the shares were soon taken, and
all the provisions of the charter complied with. Judge Bigelow
subscribed freely; so did Squire Floyd and Mr. Dewey. Other
townsmen, to the number of twenty or thirty, put down their names
for a few shares. It was from New York, however, that the largest
subscriptions came; and it was New York shareholders, voting by
proxy, who elected the Board of Directors, and determined the choice
of officers. Judge Bigelow was elected President, and a Mr. Joshua
King, from New York, Cashier. The tellers and book-keepers were
selected from among our own people.
The Clinton Bank and the new mills went into operation about the
same time. Years of prosperity followed. Money was plenty in our
town, and everybody was growing better off.
Pages:
200
201
202
203
204
205
206
207
208
209
210
211
212
213
214
215
216
217
218
219
220
221
222
223
224