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Letter to Editor
March 29, 1817
The Telescope
Warren, Bristol County, Rhode Island
What is this article about?
The first monthly committee report for the Provident Institution for Savings in Boston details deposits of $6342 from February 19 to March 12, 1819, a $195 premium, loans to banks totaling $6345.95, depositor statistics (122 total, including minors, domestics, etc.), and praises the treasurer while noting rent-free rooms and a donated sign.
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Full Text
By the Mails.
BOSTON, March 20.
Communication.
Mr. Hale—By one of the private regulations of the board of Trustees of the Provident Institution for Savings in the town of Boston, it is made the duty of the monthly Committees to make report of their doings and of the state of the Institution at the close of their respective periods. Of the first report partial extracts follow. The committee were, Hon. John Phillips, Jesse Putnam & Elisha Ticknor, Esqrs. The amount of deposits were as follows.
On the 19, Feb. $1111
26, 1939
5, March 2260
12, 1032
6342
On the specie included in last sum a premium was received of $195
6343 95
This sum has been appropriated as follows on the 20th Feb loaned to Manuf. and Mechanics' Bank interest, at 6 per cent. to continue from the 1st of March inst. 1111
27th do. loaned to same Bank, same terms 1939
6 a March, loaned to New-England bank, interest at 6 per cent. to commence from the day after that of the deposit. 2260
13th loaned to same Bank, same terms 1033 95
6345 95
As it may be interesting to describe the number and condition of the several depositors during the last month, they are as follows : the whole number is 122 of whom are minors 47, domestics 6, mechanics 8 traders 4, single women 12 and laborers The residue are gentlemen of various occupations.
The committee have the pleasure to report, that the services of the Treasurer have been conducted with great diligence and ability, and his accounts kept with the greatest care and exactness.
They also think it their duty to add, that a considerable expense has been saved by the present of a sign from Mr. Samuel Perkins. and that they have information from the Court of Sessions for this County, that the rooms used for the Institution shall continue to be appropriated for their benefit, rent free.
BOSTON, March 20.
Communication.
Mr. Hale—By one of the private regulations of the board of Trustees of the Provident Institution for Savings in the town of Boston, it is made the duty of the monthly Committees to make report of their doings and of the state of the Institution at the close of their respective periods. Of the first report partial extracts follow. The committee were, Hon. John Phillips, Jesse Putnam & Elisha Ticknor, Esqrs. The amount of deposits were as follows.
On the 19, Feb. $1111
26, 1939
5, March 2260
12, 1032
6342
On the specie included in last sum a premium was received of $195
6343 95
This sum has been appropriated as follows on the 20th Feb loaned to Manuf. and Mechanics' Bank interest, at 6 per cent. to continue from the 1st of March inst. 1111
27th do. loaned to same Bank, same terms 1939
6 a March, loaned to New-England bank, interest at 6 per cent. to commence from the day after that of the deposit. 2260
13th loaned to same Bank, same terms 1033 95
6345 95
As it may be interesting to describe the number and condition of the several depositors during the last month, they are as follows : the whole number is 122 of whom are minors 47, domestics 6, mechanics 8 traders 4, single women 12 and laborers The residue are gentlemen of various occupations.
The committee have the pleasure to report, that the services of the Treasurer have been conducted with great diligence and ability, and his accounts kept with the greatest care and exactness.
They also think it their duty to add, that a considerable expense has been saved by the present of a sign from Mr. Samuel Perkins. and that they have information from the Court of Sessions for this County, that the rooms used for the Institution shall continue to be appropriated for their benefit, rent free.
What sub-type of article is it?
Informative
What themes does it cover?
Commerce Trade
What keywords are associated?
Provident Institution
Savings Bank
Deposits
Loans
Boston
Banking
Depositors
Treasurer
What entities or persons were involved?
Hon. John Phillips, Jesse Putnam & Elisha Ticknor, Esqrs.
Mr. Hale
Letter to Editor Details
Author
Hon. John Phillips, Jesse Putnam & Elisha Ticknor, Esqrs.
Recipient
Mr. Hale
Main Argument
the committee reports the first monthly summary of deposits, loans, and the state of the provident institution for savings, highlighting its operations, depositor details, and administrative efficiencies.
Notable Details
Deposits Totaled $6342 With A $195 Premium On Specie
Loans Made To Manuf. And Mechanics' Bank And New England Bank At 6% Interest
122 Depositors Including 47 Minors, 6 Domestics, 8 Mechanics, 4 Traders, 12 Single Women
Praises Treasurer's Diligence
Sign Donated By Mr. Samuel Perkins
Rent Free Rooms From Court Of Sessions