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Pittsburgh Bank for Savings
| Name | Pittsburgh Bank for Savings |
| Ortssitz | Pittsburgh (Pa.) |
| Straße | Fourth Avenue 61 |
| Art des Unternehmens | Bank |
| Quellenangaben | [Industries of Pittsburgh (1879) 90] |
| Zeit |
Ereignis |
| 11.04.1862 |
Gegründet unter den Gesetzen von Pennsylvania |
| Produkt |
ab |
Bem. |
bis |
Bem. |
Kommentar |
| Geldverkehr |
1862 |
Gründung |
1879 |
[Industries of Pittsburgh (1879) 89] |
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| ZEIT | 1879 |
| THEMA | Beschreibung |
| TEXT | This favorite financial institution was incorporated under a special ctiarter by the Legislature of Pennsylvania,
April 11, 1862, as the "Dime Savings Institution of Pittsburgh," a title which gave place, however, subsequently to
that at present employed, which conveys very clearly the main object of its organization. That the design of its
founders has been realized to a marked degree, may be readily inferred from some figures taken from the Thirty-first
Semi-annual Attested Report, which shows the available assets of the concern to be $675.332,04, and a contingent or
surplus fund of 91.745,77 - or 16.745,77 more than the capital stock. Such results are of course almost entirely due to the conservative and conscientious manner in which the affairs of the bank have been managed, and necessarily redound to the credit of those to whom the business has been entrusted. Among these it may lie natural to expect to
find some of the most prominent names in the city - an anticipation by no means defeated, as proved by the following
list of officers and directors: Geo. A. Berry, Esq., President - also President of Citizens' National Bank, Director of "Monongahela Insurance Co.", and connected with numerous other institutions; John Scott, Esq., and James Park, Jr.,
Vice Presidents, the former being President of the "Allegheny Valley R.R.", also President of the "P. V. & C. R.R.", Director of the "Merchants' and Manufacturers' National Bank", and largely interested in the manufacturing interests of the community. The latter is of the firm of "Park Bro's. & Co.", proprietors of the "Black Diamond Steel Works" and intimately identified with the development of the natural resources of Pittsburgh; Mr. Chas. G. Milnor, Treasurer and
Secretary, well known for an extended banking experience prior to his connection with this institution; Mr. David
W. Jones, Teller and Book-keeper, also an expert in his department of the business. The Board of Managers, while,
including the president and vice-presidents heretofore named, consists also of the following gentlemen: A. Bradley,
Esq., President of the "Tradesmen's National Bank" and senior partner in the house of "A. Bradley & Co.", stove founders; R. C. Schmirtz, Esq., President of the "Allemania Insurance Co." and largely engaged in the glass trade. Hon. James L. Graham, influentially allied to numerous important organizations; Frank Rahm, Esq., President of the "Woodruff Sleeping Car Co." and L. M. Plumer, Esq., Attorney at Law, Solicitor. Under the management and direction of such officers and managers, the signal success that has attended the career of the Pittsburgh Bank for Savings becomes readily accounted for, and a future of equal prosperity and usefulness seems as certainly assured. |
| QUELLE | [Industries of Pittsburgh (1879) 90] |
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