Never in its history has the bank failed to pay its depositors principal and interest, and always a high rate of interest, being one of the thirteen banks in the State which last year paid four and one half per cent.
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Balance Sheet of the City of Cambridge, December 1, 1895, showing Assets and Liabilities.
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Another consideration that must have great influence in deciding a manufacturer to locate his business in Cambridge is the absence of the saloon.
Considering the average annual increase in the use of water during the last eight years, the limit of the present supply will not be reached until 1901.
Commercial Avenue, which the Park Department is now constructing, will connect Main Street with Bridge Street and Prison Point Street, Charlestown.
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Simon Greenleaf, Samuel King, Charles Everett, and Sidney Willard, who were elected November 24, 1834.
Railroad through East Boston, Chelsea, Everett, Charlestown, Somerville, and Cambridge, and examining all vacant lands on railroads entering Boston not too remote for our purpose, the result of this careful examination was the choice of the present location of the works.
Manufacturing in Cambridge in the early part of the present century was confined principally to soap, cordage, and leather.
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He seeks also pure water and an abundant supply, educational facilities, and proper surroundings for the home life of his employees.
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Bridges will long be remembered by railroad men.
The improvement of this property, by the laying out and building of streets, adapted it for manufacturing industries and mechanical enterprises.
It is located in the old city hall on Massachusetts Avenue.
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The first election of a clerk or secretary occurred at the meeting of November 24, 1834, and Mr.
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Every manufacturer will at once appreciate the effect of such parks upon the health, happiness, and morality of employees.
Wadlin, Chief of the Bureau of Statistics of Labor, shows the amount of manufacturing in Cambridge in decades since 1845.
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The company stands now among the best of the mutuals of the State.
Within the manufacturing district, and along the banks of the Charles River, Cambridge is building a system of parks, conveniently located and surrounding its entire territory.
Among the conditions that govern a manufacturer in selecting a place to establish business are favorable location, low price of land and convenience to railroads, a market for labor, and a fair tax rate.
Cambridge young man who had been educated in the public schools of our city, and who with an able board of directors has managed it ever since.
By that time the Hobbs' Brook basin will be completed, and the storage capacity so enormously increased that it can then be safely stated that Cambridge will have sufficient water for her needs for the next quarter of a century.
They were the first ever designed with a passageway running from end to end between the seats.
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William Hilliard for a sum not exceeding five dollars per quarter, and at the same meeting, which was held at the Charles River Bank, it was voted that the treasurer be authorized to furnish the said office with such furniture, etc.
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Albany Railroad passes through the manufacturing district of Cambridge, and affords quick connection with all the other railroads centring in Boston.
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The bank appears to have been of pecuniary help to its depositors from the start, as Mr.
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East Cambridge Savings Bank was incorporated April 29, 1854.
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Here the bank continued until the taking of the land by the county of Middlesex in 1895 compelled a removal.
The educational facilities of Cambridge, its libraries and other institutions free to all, are fully described in the preceding chapters.
Whipple, William Hilliard, and Levi Farwell, and at a meeting of these gentlemen held in Mr.
The first treasurer was James Hayward, chosen December 19, 1834.
The foregoing testimony from one of the early settlers on these lands bears witness to the great advantages of locating in Cambridge industries of a kind for which its territory is so well adapted.
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White added to the number.
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In 1873 a change was made; Mr.
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The business comes from residents of Cambridge who have heretofore done their banking and had safety boxes in Boston, together with patrons drawn from Arlington, Watertown, Somerville, and other adjoining cities and towns.
The valuation of Cambridge and its assets and liabilities are also of interest in connection with this chapter on manufacturing.
The first active president was Asahel Stearns, elected January 5, 1835.
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Savage, the first treasurer, served in that capacity until 1873, when Samuel Slocomb was chosen, who continued in office until his death in 1887.
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He acted in that capacity for six years, and was president for the same length of time.
Captain Kimball was landlord of the Pearl Street Hotel, and, in connection with a livery stable, ran a coach two or three times a day between Cambridge and Boston.
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But the most remarkable term of service in the history of the bank has been that of Mr.
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They commend themselves to all manufacturers, for the greater the advantages given to their employees, the better will business interests be served.
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The bank evidently began business in Mr.
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Commonwealth more than quarter of a century ago, for the purpose of improving the vacant marsh lands in East Cambridge lying between Third and Portland streets, Broad, Canal, and Charles streets, and including about three million square feet of land.
The American Rubber Co.
On account of the pressure of other interests President Sortwell resigned before the company opened for business.
The East Cambridge Land Co.
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He furnished the money.
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Its first deposit was ten dollars, received from Mehitable Holbrook, January 24, 1835.
In its three years existence, the deposits have shown a steady and natural increase, and that, too, without drawing from the excellent national banks.
Cambridge Street formerly occupied by Dr.
Miss Mary Lowell Stone, the assistant of Mr.
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Judge Joseph Story, who was elected November 24, 1834, but his resignation was read at the next meeting, December 19, 1834, so that he never presided at any of its deliberations.
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We have at times made three round trips daily to different parts of Boston with heavily loaded teams.
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Walton was chosen treasurer.
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Cambridge, unless it is due to the lack of proper public information.
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Kimball and he bought Mr.
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Comparative statement by decades from 1855 to 1895.
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