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THIS IS BANK DAY Annual Meeting at the Hub-Local Banking Houses Elect Directors and Make Changes. Jan. 9-To-day was "Bank Boston, Boston, of the day" in all but one 28 local national banks holding annual meetings. During the past year the number of national banks has been reduced by four. The Mechanics bank was converted into the Mechanics Trust company, the American bank suspended, the Monument bank of Charleston was merged in the Bunker Hill and the Mount Vernon was taken over by the Boylston. Three years ago the number of local national banks was 38, and in 1899 there were 57. In 1898. on a capital of $49,650,000. the average dividend paid by the 57 banks of Boston was 2.3 per cent. Today the average divident paid OH a capital of $28,400,000 is 6.35 per cent. There has accordingly been a decrease in six years of about $21,250,000 in capital but an increase of about $660,500 in the amount of dividends paid per annum. The earnings of the Boston banks in 1095 amounted to about 9.60 per cent. on their aggregate capital. The national banks held their annual meetings to-day. No changes worth noting were made with the exception of the selection of Henry A. Hoadley, for some time past with the Fourth National bank, as assistant cashier of the Citizens' bank. and the election of W. H. Tripp of the Colonial Trust Co as teller at the Fourth National bank. The officers chosen today are as follows: Waterbury National bank-James S. Elton. J. M. Burrall. N. J. Welton, H. L. Wade, Homer Heminway, H. S. Chase, Earl Smith, A. H. Scovill, A. M. Blakeslee, directors. Officers, James S. Elton, president; A. M. Blakesley, cashier: A. J. Blakesley, assistant cashier; William B. Merriman, paying teller; George E. Judd, receiving teller. Manufacturers' National bank-Edward L. Frisbie, William E. Fulton, George W. Beach, Charles F. Mitchell, Robert W. Hill, Benjamin L. Coe, Archie E. Lord. directors. Officers, president. George W. Beach; cashier, Charles F. Mitchell; assistant cashier, Archie E. Lord. Citizens' National bank-H. H. Peck, D. E. Sprague, B. Heminway, F. L. Curtiss, Edward O. Goss, J. Hobart Bronson, F. J. Kingsbury, directors. Officers, president. F. J. Kingsbury: vice-president, F. I.. Curtiss: assistant cashiers. Charles E. Lamb and Henry A. Hoadley; teller, Jesse Minor. Fourth National bank-B. G. Bryan, L. A. Plat Edmund Day, O. S. Northrop, W. H. Camp, W. P. Bryan, directors. Officers, president, B. G. Bryan: vice-president, O. S. Northrop: cashier, W. P. Bryan; teller, W. H. Tripp. director of one of the banks told that year Democrat A reporter the just relosed was a very successful one for the local banks. He didn't think so much building would be done this year and he thought it would be a good thing. "There is such a thing," he said, "as striking such a pace that you get out of breath. It is something like that in the money market in Waterbury so far as building houses go. We had a great deal of it last year and it had something to do with making money tight. I don't look for so much of it this year and this will ease things off somewhat and more money will be available for other purposes."
