The History of Cayuga County 1789-1879 page 183
the consolidation, was appointed to that position. The present Directors
are, E. P. Ross, Nelson Beardsley, Augustus Howland, A. G. Beardsley, Charles
N. Ross, I. F. Terrill, James Kerr, Samuel D. Otis, Benj. A. Fordyce, W.
E. Hewitt and James Fitch. this bank, with a single exception, has uniformly
paid a four and five per cent, semi annual dividend.
Following is an official report of its condition June 29th, 1878:
| RESOURCES. | |
| Loans and Discounts | $731,898.79 |
| Overdrafts | 10,303.66 |
| United States Bonds to secure Circulation | 257,000.00 |
| Other stocks, Bonds, and Mortgages | 17,941.30 |
| Due from approved reserve agents | 17,816.84 |
| Due from other National Banks | 3,422.05 |
| Due from State Banks and Bankers | 1,716.29 |
| Real estate, furniture and fixtures | 30,659.87 |
| Current expenses and taxes paid | 4,327.65 |
| Checks and other cash items | 6,742.36 |
| Bills of other Banks | 5,757.00 |
| Fractional Currency | 556.59 |
| Specie | 1,100.00 |
| Legal Tender Notes | 29,000.00 |
| Redemption Fund with United States Treasurer, (5 per cent of circulation) | 11,565.00 |
| Due from United States Treasurer (other than 5 per cent, Redemption Fund) | 1,500.00 |
| $1,131,307.40 | |
| LIABILITIES. | |
| Capital Stock paid in | $300,000.00 |
| Surplus Fund | 15,000.00 |
| Undivided Profits | 39,897.55 |
| Circulation | 231,300.00 |
| Dividends Unpaid | 122.00 |
| Individual Deposits subject to check | 271,754.67 |
| Demand Certificates of Deposit | 270,949.06 |
| Due to other National Banks | 1,784.12 |
| Notes and Bills rediscounted | 54,500.00 |
| $1,131,307.40 |
THE CAYUGA COUNTY SAVINGS BANK, corner of Genesee and State streets, was incorporated by special act of the Legislature, in 1864, as The Mutual Savings Bank of Auburn, with the following named incorporators, who were the first trustees, viz., James S. Seymour, Augustus Howland, Cyrus C. Dennis, Elmore P. Ross, Hon. Edwin B. Morgan, Corydon H. Merriman, Hon. Christopher Morgan, Benjamin B. Snow, William H. Seward, Jr., Hon. Theodore M. Pomeroy, Horace T. Cook, Samuel Adams, Guernsey Jewett, Horatio J. Brown, David Thompkins, Daniel Hewson, and Morell S. Fitch, and perfected its organization February 1st, 1865, by the election of the following named officers: Cyrus C. Dennis, President; H. J. Brown, Vice-Presiden;W, H. Meacker, Secretary and Treasurer; and Richard C. Steel, Attorney. The name was changes July 1st, 1875. The Bank commenced business on the corner of Genesee and North streets, with the Auburn City National Bank, and removed with that bank to their new building in March, 1869. They bought the property where they are at present located, January 1st, 1872, and occupied it July 31st., 1875. H. J. Brown was elected President July 10th, 1866, on the death of Cyrus C. Dennis, in May of that year, and Horace T. Cook was elected Vice-President the same date, to fill the vacancy occasioned by Mr. Brown's promotion to the Presidency. Both these gentelmen still hold the offices to which they were respectively elected.
On the change of the law in 1875 requiring two vice-presidents, Daniel Hewson was elected Second Vice-President which office he still holds. Mr. Meaker has been Secretary and Treasurer since the date of its organization, and July 10th, 1866, he was elected Trustee to fill the vacancy occasioned by the death of C. C. Dennis. July 10th, 1866, David Thompkins resigned as Trustee, and his son, Henry G. Thompkins, was elected in his stead. On the death of the latter, Hon. Charles C. Dwight was elected July 27th, 1875, to fill the vacancy thus occasioned. November 23r, 1875, Cyrenus Wheeler, Jr., was elected Trustee to fill the vancancy occasioned by the resignation of Samuel Adams. December 28th, 1875, Charles Standart was elected Trustee to fill the vancancy occasioned by the death of James S. Seymour. April 10th, 1876, Hon. E. B. Morgan and M. S. Fitch, resigned the Trusteeship, and William C. Barber and William G. Wise, were elected to fill the vacancies. April 25th, 1876, Oscar F. Knapp was elected Trustee to fill the vacancy occasioned by the resignation of Augustus Howland. June 26th, 1877, Edward H. Avery and Joseph W. Dunning were elected Trustees to fill vacancies occasioned by the deaths
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1789-1879 by Elliott Storke
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