Image from page 379 of "The Worcester of eighteen hundred and ninety-eight. Fifty years a city" (1899)
Publisher: Worcester, Mass., F. S. Blanchard & company
Contributing Library: The Library of Congress
Digitizing Sponsor: Sloan Foundation
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epositing theirsecurities and others holding thekeys, that they might bring theirvaluables to a place of safety incase of a threatened visit to the sea-coast bv a hostile fleet. COOPERATIVE BANKS, similar to the building associations which have been of so muchbenefit in Philadelphia and elsewhere, are among the institutions ofWorcester which serve as media between the borrower and the lender.In their case, the borrower is to some extent a borrower from himself. The Worcester Cooperative Bank,vStephen C. Earle, president, wasincorporated October ig, 1877, andhas $415,315 loaned on mortgages. The Home Cooperative Bank, EnochH. Towne, president, has $358,500 onmortgages, and was incorporatedJune 10, 1882. The Equity Cooperative Bank wasincorporated on February 9, 1887.Charles L. Gates is president, andthe amount loaned on mortgages(figures from last annual report)$287,500. The three cooperative banks havequarters in common in the Walkerbuilding, south corner of Main and charles m. bent..
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The Worcester of 1898. 379
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